Milwaukee National Bank of Wisconsin (Milwaukee, WI)

Episode Information

Episode UID
101701123
Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
10170 national
Charter Number
1017
Start Date
July 22, 1893
Location
Milwaukee, Wisconsin (43.039, -87.906)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2ec4c39e56aef3d4

Response Measures

Capital injected, Full suspension, Books examined

Events (5)

1. April 17, 1865 Chartered
Source
historical_nic
2. July 22, 1893 Run
Cause
Local Banks
Cause Details
Runs began after the South Side Savings Bank closed and spreads to other Milwaukee banks, precipitating heavy withdrawals from the Milwaukee National.
Measures
Directors closed the bank's doors; public statement by President Noyes explaining closure and notifying the Controller of the Currency.
Newspaper Excerpt
A run followed on all the leading banks in the city.
Source
newspapers
3. July 22, 1893 Suspension
Cause
Government Action
Cause Details
Placed under control of the Comptroller of the Currency; notice on doors that bank was closed by order of the board of directors and later under Comptroller Eckels' control.
Newspaper Excerpt
The Milwaukee National bank failed to open its doors this morning.
Source
newspapers
4. September 25, 1893 Reopening
Newspaper Excerpt
Comptroller Eckels has authorized the Milwaukee National Bank ... to reopen for business.
Source
newspapers
5. August 29, 1912 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (25)

Article from Vermont Phœnix, June 9, 1893

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THREE MURDERED. A Horrible Crime Three Miles from Alburgh Springs. Deep Mystery Surrounds the Case, but Robbery is Supposed to Have Been the Motive. Robbery is supposed to have been the motive for killing three persons in Clarenceville, P. The victims were Mr. and Mrs. Omri Edy, and their daughter, Miss Emma Edy. The family lived on a farm three miles north of Alburgh Springs, this state. John Gilbert lives 300 rods south of the Edy house. Early Saturday morning, while beginning his day's work, he saw smoke and flames issuing from the Edy house. He went to the kitchen door, but could not enter on account of the heat. He then broke down the front door, the smoke soon cleared away, and on entering he found the body of Miss Edy lying near the door. He lifted it and rushed outside. Upon a second entrance he discovered Mrs. Edy lying within a few feet of where her daughter had been found, and the flames disclosed Mr. Edy sitting in a chair near the kitchen door with his head thrown back. Gilbert says that at first he thought they were unconscious from suffocation, but when he dragged the bodies into the open air he found blood on them, and then the horrible truth that they were dead and probably murdered forced itself upon him. The fire destroyed the house. Authorities were at once summoned by Gilbert and an autopsy revealed the fact that Mr. Edy had been shot in the breast and in the temple. A ball was discovered in the head of Mrs. Edy. but a carefulexamination failed to find one in the body of the daughter. Both Mrs. Edy and her daughter had cuts in the throat which appear to have been made by a dull knife. Miss Edy also had a wound on the bridge of the nose, as though she had been struck by some heavy weapon like a club or the butt of a revolver. All three of the murdered people were completely dressed. A knife belonging to Mr. Edy was found with a blade open in the ruins of the house. Mrs. Edy when found had a rubber band around the fingers of her left hand, similar to the one she is supposed to have used around her purse. The pocket of Mr. Edy's trousers was found turned inside out when the body was discovered. Both of the above circumstances tend to show that robbery was the motive for the crime. Mr. H. O. Edy, a son of the murdered man, now living in Montreal. can give no other motive for the crime than robbery. The friends of the Edy family scout the theory that Mr. Edy killed his wife and daughter while temporarily insane and then committed suicide. The home life of the family is said to have been very pleasant. A Frenchman named Ford, now living at Swanton, was once evicted from the Edy farm and had threatened revenge, but he accounts for his whereabouts at the time the murder must have been committed. Outsiders attach some suspicion to Gilbert, but those acquainted with him and the Edy family believe his story. It was known that Mr. Edy was accustomed to keep considerable money in the house, and it is generally believed in the vicinity of Clarenceville that the family were killed and the house plundered. But the facts that the house was only partially on fire o'clock in the morning and that the three victims were dressed deepens the mystery of the case. Daniel F. Beatty, the Washington. N. Y., orgaf manufacturer, has been indicted in the courts on Connecticut for sending through the mails circulars concerning a scheme which, it was alleged. had been devised for obtaining money by false pretences. John Dennis, a negro, while drunk. killed his father and mother at Laurel, Del., Friday. He agreed to surrender, but when the sheriff approached he fired, killing the officer instantly Afterward Dennis returned to his home and was arrested. The Plankington bank at Milwaukee failed last week Thursday as a result of the suspension of the furniture firm of Lappen & Co., who owed the bank $219,000. Since the bank closed its doors large amounts in deposits have been withdrawn from all the banks in Milwaukee. The score or more of leading citizens of Minnesota who have robbed the state pine to the value of over $5,000,000 in the past dozen years are not to escape after all. There is in hand $8000 of the appropriations for the last legislature and this amount will be used in pushing the prosecutions. The Domestic Sewing Machine company has applied to the court of chancery of New Jersey for the appointment of a receiver. The liabilities of the Domestic Sewing Machine company are placed at about $1,500,000 and of the Domestic Manufacturing company at $750,000. The nominal assets are estimated at about $2500. Three national banks in New York hold approximately $750,000 of the company's paper. Joseph Pulitzer of the New York World has given $100,000 to the building fund of Columbia college. The trustees of the college recently asked for $2,000,000 as a building fund with which to erect a suitable new home for the college on the site recently selected on Riverside heights, overlooking the Hudson river. Mr. Pulitzer's gift brings the subscriptions up to $550,000. Twenty-five men walked into Decatur, Ill., a city of 22,000 populption. at 2 o'clock Saturday morning, broke down the doors of a jail with sledge hammers, dragged out Samuel Bush, a negro accused of having attacked two white women. and hanged him to a telegraph pole in the principal street. A crowd of 1500 persons witnessed the lynching. but no one offered resistance. The negro protested his innocence to the last.


Article from The Durham Daily Globe, July 22, 1893

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BANKS BURST STILL Milwaukee Wrapped Up by Big Runs and Things. Colorado Continues to Come to the Front with Many. BLEEDING KANSAS ALSO VICTIMIZED People Who Come and Go-Brief Brevities of Interest to All Readers of The Globe. NEW YORK, July 22.-[Special. 1- News from the west to-day, viewed in one light, is of a most discouraging character. There was a bank failure at Butte City, Montana, and, supposedly, a serious one. There were also runs on other banks there. A Jellico, Tenn, the Citizens' bank failed to-day. The Union bank at Greeley, Colorado, assigned this afternoon. No figures are given. The First National bank at Anthony, Kansas, assigned to day. Liabilities $50,000, assets unknown. But at Milwaukee, Wisconsin, the biggest failure is on. The Milwaukee National has gone to the wall. The South Side Savings bank closed its doors this morning. This precipitated runs on all the banks in the city. Unless excited depositors see the folly of their actions, many other banks will close this afternoon. There is intense excitement here FOWLER to day.


Article from Alexandria Gazette, July 22, 1893

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crushed and burned in a horrible manner and was dead when extricated. Among the failures reported to-day are the Citizens' Bank of Jellico, Tenn; the First National Bank of Anthony, Kon.; the Milwaukee National Bank and South Savings Bank of Milwaukee: the Union Bank of Greeley, Col ; the private banking house of J. and L. Galbraith at Lampasas, Tex.; the State National Bank of Knoxville, Tenn.; the Kentucky National Bank of Louisville; and the State National Bank of Vernon, T.x. There is a heavy run on the German American and Merchants' Exchange Banks of Milwankee. At Shooting Park on the outskirts of Milwaukee, Wis., two thousand five hundred turners from all parts of the United States c ngregated yesterday, and the twenty-sixth annual bundesturufest WAS inaugurated. A duel, that resulted fatally to both the participants, took place in the outskirts of Victoria. Mex., on Thursday between a young law student and a young business man. The quarrel was over a young woman. Weather permitting Edw. Hanlan and Jacob Gaudaur will row at Orillia, Ont., this afternoon for the championship and a stake of $2,000.


Article from The Indianapolis Journal, July 23, 1893

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MILWAUKEE'S PANIC. Two Banks Forced to the Wall and Runs Started on All the Rest. MILWAUKEE, July 22.-The Milwankee National Bank failed to open its doors this morning and the South Side Savings Bank failed at 10:30 o'clock. Judge Noyes, president of the Milwaukee National Bank, has given out the following statement for publication. "This bank I consider perfectly solvent. It has $500,000 assets above liabilities. In ordinary times it would Day all depositors in full in three months, leaving a surplus of 200 cents on the dollar for distribution among stockholders. The reason for closing to-day is the one that has been 80 much repeated in the last aix days that the public know it without being told. The shrinkage and withdrawal of deposits and the inability of customers to meet their obligations to the bank led the directors to the conclusion that it 18 for the best interest of all concerned to close the doors at this time. Fortunately depositors in this bank are such that no one will be seriously injured by delay in obtaining their money. A meeting of the stockholders will doubtless be called soon to vote on the question of a resumption of business or of going into voluntary liquidation. The Controller of the Currenov has been notified of the situation." The report of the condition of the Milwaukee National Bank of Wisconsin, made at the close of business, July 12. 1893, 18 as follows: Resources-Loans and discounts. $1,464,341.78; overdrafts secured and unsecured, $2,807; United States boads to secure circulation, $100,000; stocks, securities, etc., $10,000; due from approved reserve agents, $157,963.16; due from other national banks, $18,141.46; due from State banks and bankers, $12,105.42; banking houses, $75,000; premiums on United States bonds, $4,250: exchanges for clearing house, $21,240.13; bills of other banks, $1,211; fractional paper currency, nickels and cents. $125.81; specie, $32,700; legal tender notes, $58,000; redemption fund with United States treasury (5 per cent. of circulation), $4,500; due from United States treasurer, other than 5 per cent. redemption fund, $3,000. Total, $1,965,385.76. Liabilities-Capital stock paid in, $250,000; surplus funds, $250,000; undivided profits, $99,439.32; national bank notes outstanding, $89,250; individual deposits subject to check. $413,836.52; demand certificates of deposit, $310,361.55; due to other national banks, $106,104.24; due to State banks and bankers, $90,972.62; notes and bills rediscounted, $230,798.11; liab ities, other than those above stated, $125,000. Total, $1,965,385.76. George H. Noves was president of the bank. J. McClure cashier and George H. Noyes and J. H. and J. D. Inbeach directors. The Sonth Side Savings Bank opened as neual this morning, bnt closed its doors at 10:30 o'clock. The report of the bank, madeon the first Wednesday of this month, 18 as follows: Resources-Loansand discounts, $781,325.40; due from brokers on call loans, $65,000; overdrafts, $3,948.50; United States and other bonds on hand, $15,000; banking house and fixtures, $7,474.02; due from banks and bankers, $57,916.38; cash items, nickels and pennies, $735.21; checks on clearing house, $40,825.73; specie, $23,720; United States and national bank notes, $162,520. Total, $1,158,965.17. Liabilities - Capital, $100,000; undivided profits, $12,500; due depositors on demand.


Article from The Herald, July 23, 1893

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THE PANIC AT MILWAUKEE. Several More Banks Compelled to Close Doors. MILWAUKEE, July 22.-The South Side Savings bank closed doors at 10:30 a.m. The Milwaukee National bank failed to open doors this morning. A run followed on all the leading banks in the city. The report of the Milwaukee National bank. July 12th, showed: Resources, $1,965,386; liabilities, deposits, $723,998; due other banks, $196,910; other liabilities, $445,048. Capital stock, $250,000; surplus, $250,000; undivided profits, $99,439. The situation was better in the afternoon. The run on the Merchants' Exchange, which was the heaviest, subsided in consequence of the posting of a guarantee notice by leading citizens. Other banks where the run was heavy were the Second Ward National, in which there were mostly small German depositors, but it has the backing of the big brewers and no danger is apprehended. President Noyes, of the Milwaukee National, has given a statement for publication in which he saye the bank is perfectly solvent, with assets half a million above liabilities, but in the present strained condition of affairs it was thought beet to close the doors.


Article from The Morning News, July 23, 1893

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MILWAUKEE'S BANKS. A Couple of Failures and a Heavy Run on Others. Milwaukee, Wis., July 22.-Reports sent out from this city to the effect that the German American Bank had succumbed to a run was without foundation. The German American is exceptionally sound and it has experienced no run whatever. It could not be better prepared than it is to meet a run. The false report concerning it was due to the failure of another southside bank. The Milwaukee National bank closed its doors this morning, The South Side Savings bank did not open its doors this morning. There was a heavy run on the German American and Merchants' Exchange banks.


Article from New-York Tribune, July 23, 1893

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MILWAUKEE STILL EXCITED. TWO MORE BANKS CLOSED AND RUNS MADE ON MANY OTHERS GENERAL SURPRISE AT THE SUPPENSION OF THE MILWAUKEE NATIONAL-RUNS ON TWO INSTITUTIONS CHECKED BY STOCKHOLDER GUARANTEES. Milwaukee, July 22.-The Milwaukee National Bank failed to open its doors this morning. The South Side Savings Balik failed at 10:30°a. m. Runs, which started on all the banks early in the day, were still in progress this afternoon. The crowds at several of the banks had increased in consequence of the spread of the news that the South Side Savings Bank and Milwaukee National Bank had failed. The run on the Merchants' Exchange Bank was probably the heaviest, but the crowd at the Second Ward Bank was nearly as large. The Merchants Exchange Bank paid out money freely. and its officers said they were confident that they would be able to meet every demand. The depositors in the Second Bank are mainly German working people, who seem to have become panic-stricken, despite the fact that the bank is backed by Milwaukee's wealthy brewers, who have given a personal guarantee for everything in, the bank. The run on the Merchants' Exchange Bank subsided later, in consequence of the posting of a guarantee signed by Charles Pfister, the Vogels, John Black, Julius Goll and other wealthy stockholders. The closing of the Milwaukee National Bank was a surprise even to some of the stockholders. J. M. Pereles, who owns a block of its stock, says there is no reason why the bank should have closed except that the officers were afraid to stand a run. A statement a few days ago showed that the bank had assets in excess of the liabilities amounting to between $500,000 and $600,000. People who were not posted could not believe that the bank, which was one of the oldest in the city, had failed, and scores of men walked into the entrance, read the brief notice announcing the bank's suspension and walked out again. Judge Noyes, president of the Milwaukee National Bank, has given out the following statement for publication: This bank I considered perfectly solvent. It has $500,000 assets above liabilities. In ordinary tinics it would pay all depositors in full within three months, leaving a surplus of 200 cents on the dollar for distribution among the stockholders. The reason for closing to-day is the one that has been so much repeated in the last sixty days, and the public know it without being told. The shrinkage and withdrawal of deposits and the inability of customers to meet their obligations to the bank led the directors to the conclusion that it is for the best interest of all concerned to close the doors at this time. Fortunately deposits in this bank are such that no one will be seriously injured by delay in obtaining his money. A meeting of the stockholders will doubtless be called soon to vote on the question of a resumption of business or of going into voluntary liquidation. The Controller of the Currency has been notified of the situation. The officers of the South Side Savings Bank are: President, G. A. Trumpff: cashier, J. B. Koetting. They each hold $50,000 of stock in the bank, and are the only stockholders. The semi-annual statement made on July 1 places the liabilities at $1,158,965.17. Of this the sum of $286,012 46 was due to depositors on demand, and $735,452 on time. There was a run on this bank during the flurry in June, at which Tme a large number of depositors gave notice of the proposed withdrawal of their money at the end of thirty days. President Trumpit said depositors had been making large withdrawals during the last month, while collections had been impossible. The officials and directors decided that they could do business no longer under the


Article from The Indianapolis Journal, July 25, 1893

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Heavy Drafts for Currency from Ohio and Other Places for Rediscounts. Gotham Financiers, However, Feel Greater Concern for the Situation in Philadelphia and New England Just Now. Deposits of $38,000,000 Drawn from Gotham National Banks Since March. The Stock Exchange Will Proceed Against G. H. G. Weil, Who Was Caught Circulating Evil Reports Without Foundation. WESTERN BANKS HEDGING. Greater Part of $1,500,000 Sent to Indian. apolts and Cincinnati Yesterday. NEW YORK, July -The banks reported the condition as fairly easy and, to some extent, better, inasmuch as the demands for accommodation were light. The most notabledemands for assistance to-day were from Ohio. The orders for currency to-day were light The subtreasury was debtor the clearing house, this morning,only $118,000, and that sum was paid in notes, What caused the treasury officials to pay in notes to-day. instead of gold, as they have done for the last week. could not be ascertained, but it was assumed that the protests of the banks, through the press, against the in. convenient method of settling the clearinghouse balances in gold had caused them to see the absurdity of the practice. The dications to-day were that a considerable amount of currency was being received from some sections of the country by the banks in this city, but that it was being offset by shipments to o her places. The leading banks received $250.000 on,Saturday while shipmen ts were nearly 60 much, but on the other hand there were some banks on Saturday that shipped a great deal of currency without any receipts to offset those shipments. From the demands received to-day from Ohio and some other places for re-discounts, it is believed that the shipments of currency to those sections this will be heavy. In many instances during the last few days gold has been shipped to the country instead of currency. and more will probably follow. The banks asking for the accomodation are providing themselves distrust sweeps over their localities. Speaking of the great number of Western banks hich closed Saturday. the president of one of the largest national banks in this city said to. day that he believed that in the majority of cases they were not failures, but only suspensions: that they were perfectly solvent, and that they would resume busi. ness again in a few days stronger than ever. The situation in New England is attract. ing a great deal of attention in this city now,and especially in regard to the manufactories. the office of Watson & Gibson, No. 555 Broadway, it was said that their advices from Boston were the effect that money was practically imlendable in that city at 6 per cent.. and that stocks were being carried at per cent. I consider,' said Mr. Gibson, the situation HB regards the New England factories the most serious factor in this market. The failure of the Milwaukee National Bank on Saturday was very generally diecussed in this city to-day. The failure was not entirely unexpected by wide-awake bankers. some of the most conservativo whom had been aware of its real condition for sometime. One of these bankers said to. day the report that the failure of the bank was due to the failure of the Soblesinger syndicate was not true. The bank's failure, it was said. was due to it having overloaned to certain parties with which the Schlessinger syndicate had nothing to do. Several banks this morning reported their inability to make collections in Philadelphia, or obtain payment of the large balances they have to their credit with some banks in that city. One bank here has between $500,000 and $600,000 in Philadelphia, which is unable to obtain without recourse to measures which would probably cause trouble to the banks referred to in that city. New York banks, as rule, are now refusing to accept draits from their customers on Philadelphia banks, except for collection at the depositors' risk. In some cases where merchants in this city have had large drafts on Philadelphia they have sent them there by special messenger for collection over the counter. The course, how. ever, involves trouble of identification, and when it has been adopted a liberal commission has had to be paid for New York exchange, currency not being obtainable, According to the reports the Controller the Philadelphia national banks were as well supplied with cash on July 12 as were the national banks of this city. Those ports show that on that day the reserve of the national banks of Philadelphia amounted to 30.39 per cent. of the deposits, It is cause of some wondermen there. fore, why the Philadelphia banks should beso slow in making the remittances to this city. The shipments of currency by the banks to the interior to-day amounted to $1,500.000. Of this snm $400,000 was obtained at the subtreasury in exchange for large bills, Most of the money went to Cincinnati and Indianapolis Some money went to Chi. cago and St. Louis. The Post says: It appears from the state ments of the New York city national banks submitted to the Controller under date of July 12, that with a shrinkage since the March report of $17,725,597 in specie and legal-tender holdings, of $38,151 in individual deposite and of 910,392 in amount dueother banksand bankers mostof which also was deposits- the aggregate loan account bas decreased only $14,798,170. This is a fair measure of the courage and liberality with which our city banks have faced the crisis. It is true that the calling in of loans, even to this extent, must necessarily have resulted in corresponding reduction of deposits; 80 that the total decrease in deposits 18 by no means proper measure of the extent of actual money withdrawals. By what is in one way or another hoard. ing of money is novertheless strongly reflected in the comparison. and it the banks which have boldly counter balanced such movement by their use of clearing honse certificate. Figures show. indeed, from what a pinch of senseless panic the New York banks saved us. They also show why the banks are wisely refraining from sudden contraction of certificates now outstanding. That these certificate are not being increased is a negatively favorable sign. and, indeed. they have never risen within $4,000,000 of the issue in the panic time of 1873.


Article from St. Paul Daily Globe, July 25, 1893

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THE BANK SITUATION. SUB-TREASURY PAYS THE CLEARING HOUSE IN NOTES. SETTLING IN GOLD UNPOPULAR Currency Received From the Country by the New York Banks and the Shipments Made -Affairs in New England Philadelphia Reports. NEW YORK, July 24.-The banks reported the condition as fairly easy and to some extent better, inasmuch as the demands for accommodations were light. The most notable demands for were from Ohio. The for were orders assistance The currency today today light. subtreasury was debtor at the this morning $118,000, sum was in notes. clearing and house that paid only What caused the to pay instead of as for the last could they in have notes done today treasury week, officials gold, not but it was assumed that of the banks through press the inconvenent the be the ascertained, protest against the clearing house had caused them to see balances method of in gold settling the of the were that a considerable The absurdity indications today practice. amount of currency was from some of by the banks in this the but being country that received sections City, it was being offset places. One $125,000 on bank ments received to other Saturday, by leaving were not so on the other hand there were much, while banks its but shipments nearly some on Saturday that shipped a currency without rethose From ceipts the great demands deal to offset of shipments. any received today from some places for it and believed other shipments rediscounts Ohio is that the of currency to those sections this week will In many instances be the heavy. last few during days gold has been shipped to the country 0 Instead of Currency, and more will probably be sent. for the are themselves against banks providing asking accommodation runs The as wave of distrust Speaking of the their number the localities. of sweeps great over Western banks which closed on the president of one of the banks in this said largest Saturday, national city today that he believed that in the cases they were not but jority only of failures, masuspensions; that they were perfectly solvent, and that again in a few resume business they would days stronger than ever, in New a great deal of tracting The situation attention England in is this atcity now, especially in regard to At the office of factories. Gibson, No. Watson manu- & 55 Broadway, it was said that their advices from Boston money was the unlendable effect that practically were to in that city at 6 were being per "I consider," said and cent. that stocks carried Mr. per cent, Gib- at son, "the situation as regards the New England factories the most serious factor in this market." The failure of the Milwaukee al Saturday was very discussed bank generally Nationin banking circles in this city today. The failure was not an one by wideawake in unexpected this city, entirely bankers some of the most conservative of whom had been aware of its real condition for some time. One of these bankers said today that the report that the failure of the bank was due to the failure of the Schlesinger syndicate was not true. The bank's was due to having said, certain parties failure, overloaned it was to to which the Schlesinger syndicate had nothing do. Several Banks this morning reported their to in make tain payment collections Philadelphia, inability or obot the large balances they have to their credit with some banks in that city. One bank here has between $500,000 and $600,000 in Philadelphia which it is unable to obtain without recourse to measures which would probably cause trouble to the banks city. New York a are now refusing to drafts to rule, in that banks, as referred accept from their customers on except for the delphia banks, collection Phila- at depositor's risk. In some cases where merchants in this city have had large drafts on Philadelphia, they have sent them there by special messenger for collection over the counter. This course, however, involves trouble of identification, and when it has been adopted, a liberal commission has had to be paid for New York being obtainable. reports to the national banks with cash on to were well Philadelphia rency the supplied the not comptroller, exchange, According July were 12 as cur- the as Those national banks of this reports show that on that city. the national banks of delphia reserve of day Phila- the the amounted to 30.39 per cent of deposits. It is a cause of some derment, therefore, why the Philadel- wonthe phia banks should be so slow in making remittances to this city.


Article from The State Republican, July 27, 1893

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FIRE swept away the entire business portion of Edgerton. O., a town of 1,200 inhabitants. the loss being $100,000. A LAWSUIT caused W. R. Shoemaker, of Metropolis, III., to kill George and Richard Lukens and then commit suicide. IN Cincinnati defective sewerage was causing a dangerous landslide and many houses had already been com. pletely wrecked IN Detroit Mascot defeated Hal Point. er and Flying Jib, pacing five heats in less than 2:08 and breaking the world's record. A MOB in Lafayette county. Fla., hanged a negro who assaulted and murdered the 9-year-old daughter of Carr Elliott. FLAMES burned a block at Paulding, O., and part of another, causing a loss of $200,000. THE death of Gen. William Vandever occurred at his residence in Ventura, eas. aged 76 years. He was elected to congress from Iowa in 1858 and reelected in 1860, but resigned his seat to enter the army. Ex-Gov. GEORGE C. PERKINS, of San Francisco, has been appointed United States senator to succeed the late Leland Stanford. A MOB lynched Lee Walker, a negro who assaulted Miss Mollie McCadden (white) and four colored girls at Memphis, Tenn. and then his body was burned: WHILE temporarily insane Allen E. Jones, aged 40 years, living near Texarkana, Ark. beat out the brains of his wife and three children with an ax and then hanged himself. Two SISTERS named Plant, of Nuncia, Mich.; arrived at the world's fair grounds, after walking all the way from Muskegon, Mich., 220 miles. The journey was made in ten days. A FIRE in the Keifer building in New Orleans caused a loss of $100,000 and J. E. McDonald, a fireman, was suffocated. C. W. DE PAUW, the millionaire manufacturer at New Albany, Ind., made an assignment with liabilities of $400,000. IN Detroit Frank Waller, of Indiana, broke the 25-mile bicycle record, making the distance in 1 hour 6 minutes and 10 seconds. IN San Francisco ground will be broken this week for the California Midwinter exposition which is to follow the world's fair. IN the records of the state auditor of Kansas an apparent shortage of $86,000 was discovered in connection with the sale of public school lands. THE Milwaukee national and the South Side savings banks in Milwaukee closed their doors. and the State national bank at Knoxville, Tenn., and First national at Russell, Kan., were forced to suspend. THE world's fair gates were closed on Sunday. THE sawmill owned by Duncan, Bremer & Co. at Duluth, Minn., was burned, causing a loss of $100,000. MRS. McDONALD and her two chil. dren were carried away by masked i menfrom a farmhouse near Fort Wayne, Ind.


Article from Wood County Reporter, July 27, 1893

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MORE CREAM CITY BANKS. Milwaukee National and South Side Savings Closed. Milwaukee, July 22.-The Milwaukee National bank was placed under the control of Comptroller of the Currency Eckels this morning, and Bank Examiner Brush, now at Fergus Falls, Minn., in charge of this district, will take charge of the affairs of the bank Monday morning in behalf of the government. The South Side Savings bank did not open for business this morning The following notice was pasted on the door without signature: "On account of continued withdraw als of deposits and our inability to make collections this bank is compelled to suspend payment." AAt 10 o'clock this morning. The foll lowing notice appeared upon the doors of the Milwaukee National bank: "This bank is closed by order of the board of directors." The establishment of Gross Bros., soap manufacturers, is in the sheriff's hands.


Article from Iowa County Democrat, July 28, 1893

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MORE CREAM CITY BANKS. Milwaukee National and South Side Savings Closed. Milwaukee, July 22.-The Milwaukee National bank was placed under the control of Comptroller of the Currency Eckels this morning, and Bank Examiner Brush, now at Fergus Falls, Minn., in charge of this district, will take charge of the affairs of the bank Monday morning in behalf of the government. The South Side Savings bank did not open for business this morning The following notice was pasted on the door without signature: "On account of continued withdraw als of deposits and our inability to make collections this bank is compelled to suspend payment." AAt 10 o'clock this morning. The foll lowing notice appeared upon the doors of the Milwaukee National bank: "This bank is closed by order of the board of directors." The establishment of Gross Bros., soap manufacturers, is in the sheriff's hands.


Article from The Times, July 28, 1893

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resumed business, as did also the Second national at Ashland, Ky. By an explosion of dynamite in a shanty in Minneapolis Gus Olson was blown into fragments. MISSES ELIZABETH WALTERS and Mabel Hallett, of New York city, were drowned while bathing in the surf at Shell Bank, Long Island. W. R. SHOEMAKER, of Metropolis, Ill., killed George and Richard Lukens and then committed suicide. A lawsuit caused it. MASCOT defeated Hal Pointer and Flying Jib at Detroit, pacing five heats in less than 2:08 and breaking the world's record. A NEGRO who assaulted and murdered the 9-year-old daughter of Carr Elliott in Lafayette county, Fla., was hanged by a mob. REV. GEORGE STOCKING, of Leavittsburg, O., who was suffering from poor health, ended his misery by cutting his throat. WILLIAM NAPIER and family, of Columbus, O., were badly poisoned by eating cabbage on which paris green had been spread. DEFECTIVE sewerage was causing a dangerous landslide in Cincinnati and many houses had already been completely wrecked. A CARELESS cigarette smoker started a fire in Little Goose Canon, Wyo., and much valuable timber was destroyed. OFFICERS of the revenue cutter Rush report the discovery of an active volcano near Cape St. John, Alaska. MRS. VANERSCHEK, a farmer's lfe at Rutledge, Minn., was held up by two masked men and robbed of $400. AN explosion in a coal mine at Edwardsville, Pa.., fatally injured William Jones, Martin Brennan, B. Wilson and Patrick Malai. THE American line steamship Paris made the run from Southampton to New York in 6 days 9 hours and 30 minutes, breaking all previous records. THE percentages of the baseball clubs in the National league for the week ended on the 22d were as follows: Philadelphia, .649; Boston. .639; Pittsburgh, 576; Cleveland, .568; Brooklyn, .464 Checknate 124 Ballimore. $209' Chic. ......................... New '894' Inois's 7S Tousis- :80F' .448 'O.Sto 'T98' FIRE burned one whole block at Paulding, O., and part of another, causing a loss of $200,000. AN unknown yacht was capsized east of Deer Island, Mass, and John W. Johnson, Albert T. Scott and Joseph Murphy were drowned. GEORGE BAGNELL, aged 71, and his grandson, aged 7, were drowned in Great South pond near Plymouth, Mass. THE gates of the world's fair were closed on Sunday. TRAMP miners from Colorado state that the suffering there is terrible, and that authorities are suppressing the facts. DUNCAN, BREMER & Co.'s sawmill at Duluth, Minn., burned, causing a loss of $100,000. MASKED men carried away Mrs. McDonald and her two children from a farmhouse near Fort Wayne, Ind. LUTIE LASELLE, of Seymour, Ind., an only daughter, 16 years of age, poisoned herself with arsenic rather than take a My By the recent assessment in Kansas the railroads in the state must pay $10,500,000 more than in 1892. AN apparent shortage of $36,000 was discovered in the records of the state auditor of Kansas in connection with the sale of public school lands. IN Milwaukee the Milwaukee national and the South Side savings bank closed their doors, and the State national bank at Knoxville, Tenn., and First national at Russell, Kan., were forced to suspend. FRANK WALLER, of Indiana, broke the 25-mile bicycle record, making the distance in Detroit in 1 hour 6 minutes and 10 seconds. GROUND will be broken in San Francisco this week for the California Midwinter exposition, which is to follow the world's fair. FLAMES in the Keifer building in New Orleans caused a loss of $100,000 and J. E. McDonald, a fireman, was suffocated. CHARLES W. DE PAUW, the millionaire manufacturer at New Albany, Ind., made an assignment with liabilities of $400,000. THE Misses Plant, of Nunica, Mich., arrived at the world's fair grounds, after walking all the way from Muskegon, Mich., 220 miles. The journey


Article from Grant County Herald, August 3, 1893

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The News Condensed. A team of horses ran away in Watertown, throwing Mrs. Gus Klemann, of the town of Shields, from a load of grain and breaking her neck. Mrs. Nellie Dennesen, wife of Capt. John Dennesen, Sr., of Green Bay, died after a short illness. Gov. Peck has appointed Charles Littlejohn, of Princeton, sheriff of Green Lake county, vice Lewis M. Bageley, deceased. Two buildings of the Pabst Brewing company at Milwaukee were destroyed by a blaze which started in the bottling works. Loss, $75,000. Julius Heavener, a farmer living north of Beloit, was drowned while drawing a seine in Rock river, which is a violation of the fish laws. It has been definitely decided that the Milwaukee national bank will soon reopen its doors. Michael Bloom, a farmer living near Beloit, was drowned while bathing in Coon creek. Mrs. John Newgard of Grantsburg, was dangerously burned by the explosion of a gasoline stove. Henry M. Benjamin, one of the largest wood and coal dealers in Milwaukee, confessed judgment for $78,304 in favor of his wife. His total liabilities were estimated at $242,870. The South Milwaukee malleable iron works were destroyed by fire, the damage being estimated at $25,000. Judge Reid in Hudson sentenced John Smith to three and a half years and James Stickney to two years at the Waupun prison for robbing stores at Baldwin recently. W. Anson Barnes, the owner of the summer hotel at Cedar Lakes, was sentenced to three months in jail for cruelty to his 6-year-old girl. The Upham Manufacturing company closed down operations in their sawmills at Marshfield after a continuous run since last December. The total cut of pine and hardwood lumber amounts to 10,000,000 feet. The Wisconsin Fire & Marine Insurance company's bank of Milwaukee was placed in a receiver's hands. Its deposits were close to $8,000,000, for which the private fortunes of stockholders were liable. Mrs. John O. Newgard, wife of exCounty Judge Newgard, of Grantsburg, was fatally burned by the explosion of an oil stove. A 2-year-old child of George Denure, living near Monroe, was run over by the cars and his head was severed from his body. The father went insane over his loss. The body of an unknown man, well dressed, was found in the dells above Eau Claire. It was believed to have been in the water two or three days. While calling on a sick friend in Watertown Miss Susie Began, of the town of Watertown, dropped dead of heart failure. She was 29 years old.


Article from The Weekly Thibodaux Sentinel and Journal of the 8th Senatorial District, August 5, 1893

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moins dans tout l'Onest. Ainsi parmi les dernière faillites il faut citer : celle de la première banque nationale de la petite ville d'Anthony, Kansas, dont le passif ne s'élève, affirme-t-on, qu'à $50.000, celle de la Kentucky National Bank, de Louisville, qui cause une très grande consternation, et de la State National Bank, de Knoxville, Tennessee. La Kentucky National Bank, était une des plus importantes et passait pour une des plus solides de Louisville. Elle avait été fondée avec un capital d'un million de dollars. Mais ce n'est pas tout. Une véritable panique sévit à la Milwaukee National Bank et une importante caisse d'épargne, connue sous le nom de South Side Savings, ont suspendu leurs payements. Les portes de la plupart des autres banques et caisses d'épargne de la ville ont été assiégées pendant presque toute une journée par des gens affolés et désireux d'en retirer le plus tôt possible l'argent qu'ils y avaient en dépôt. La crise commerciale n'est pas moins grave. Le nombre des faillites commerciales dans tous les Etats-Unis s'est élevé, pendant la semaine, au chiffre extraordinaine de 467.


Article from Watertown Republican, August 9, 1893

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Board of State Deposits. Perhaps the following may put some people to thinking that the old way might have been the best way to have had our state funds taken care of, for the interest saved the state under the new "idee," does not seem to avail much in the present contingency of affairs, and is only "a drop in the bucket" as an offset to what is likely to be lost to the state: MADISON, Wis., Aug. The Board of State Deposits, created by the law providing for the deposits of state funds in banks, and composed of the governor, secratary of state. state treasurer and attorney-general, met this afternoon to consider the question of protection of state deposits in backs which have since failed. The sums of state money SO far tied up in this way include $140,000 in the Mitchell bank, $5,000 in the Milwaukee National, and $5,000 in the Commercial bank of Ean Claire. The total amount of state funds on deposit in banks is reported as between $300,000 and $400,000 The board decided to take legal steps to secure the funds in failed banks as soon as they receive the notice of the state's claims in the several banks from the receivers, and their action will be in the direction of suits against the bonds given as security for such deposits, outside of and above the security of the banks to all its depositors. The situation is interesting to the Democrats in recalling the plight some of them, and especially "Honest John Hunner," might now be in if he had been permitted to follow custom and deposit state funds in banks with responsibility for their safety resting on the treasurer and his sureties, as it formerly did, instead of upon the state, as it does now.


Article from The Sun, August 9, 1893

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VARIOUS BANK TROUBLES. One Suspension in West Virginta-Clearing House Certificates in Pittsburgh. WELLSBURG, W. Va. Aug. 8.-The Bank of Wellsburg. owned by Samuel George. closed its doors this morning. The bank has assets of $300,000 and liabilities of $150,000. Runs were made on other banks here. V-8 .SnV "puI tive of the Indianapolis National Bank yesterday filed in the Recorder's office four mortgages to the bank. given to secure loans made by the bank. The instruments were a chattel mortgage to the Indiana Glue Works on its plant for $37,799.19. a chattel mortgage to the Indianapolis Curled Hair Works P sewer 4q B *000'07$ JOJ H. F. Stephens. doing business as the New Independent Ice Company. for $7,600 to secure nine notes executed between June 1 and July 31, and a mortgage by T. B. Haughey. President of the bank. and wife for $19,750. covering all the real estate owned by him, including the Mapleton homestead. The glue works and curled hair works are controlledby Schuyler C. Haughey. son of the President. In loaning $40,000 to the curled hair works the National Banking law was violated directly. as the bank's capital was but $300,000. and this sum was. therefore. above the 10 per cent. limit. PITTSBURGH, Aug. 8.-The Executive Committee of the Pittsburgh Clearing House Assoclation decided this afternoon to Issue Clearing House loan certificates, the majority of the nineteen banks composing the association having at noon yesterday voted favorably on the proposition. This. it is expected. will not only relieve the financial depression. which has occasioned less annoyance in Pittsburgh than in any large city in the country. but will put the Pittsburgh banks in such condition that they may successfully thwart an attack. There has been an improvement in the situation here during the last three days. deposits having increased about 25 per cent. The loan certificates will be issued upon collateral bearing 75 per cent. of their face value. CINCINNATI, Aug. 8.-Yesterday was A heavy day for the Cincinnati banks. Owing to the liberal calls made by the whiskey men for the payment of taxes. it is said that nearly $100.000 in currency was taken out of the local banks. No inducements whatever could be used to take the New York banks' exchange for currency. and as a consequence New York exchange WAS a dead letter. MADISON. Wis.. Aug. 8.-The State authorities yesterday decided to begin suit to recover 400,000 tied up by the Marine Bank suspension. $5,000 in the Milwaukee National Bank, and $500,000 in the Commercial Bank at Eauclaire. WORCESTER, Mass. Aug. 8.-At a meeting of the Worcester Clearing House this morning it was voted to request the larger employers of labor doing business with orcester banks to pay off their help in checks payable only through the Worcester Clearing House. the system to continueduring the present scarcity of currency. Several large concerns have agreed to follow this method. WASHINGTON. Aug. 8.-A committee representing the failed national banks of Kansas City had a conference with Comptroller Eckels this morning as to resuming business. Mr. Eckels is disposed to be as lenient AS the law will permit. and it is probable some arrangement will be reached by which the banks may resume. RICHMOND. Va., Aug. 8-A special despatch to the Dispatch from Big Stone Gap says the Big Stone Gap bank of that town was forced to close its doors this morning. Its capital stock was $44,000. It is believed depositors will be paid in full. RICE LAKE. Wis., Aug. 8.-This morning the Barron County Bank. of which N. W. Bailey is proprietor. assigned to R. M. Whitaker. The liabilities are $20,000. but the assets 'are five times that amount. The bank will pay dollar for dollar of its obligations and resume at the earliest possible moment. YORKVILLE. Ill., Aug. 8.-E. L Henning. a banker of Plano. assigned yesterday. It is thought Mr. Henning will soon be able to resume business. ALTAMONT. Ill., Aug. 8.-The banking house pepuedens of & W D jo The cashier. Levi Butler, is missing. He left a letter saving he took $41,000. It is said the depositors will be paid in full. NORTH BRANCH. Minn.. Aug. 8-The bank of North Branch. owned by J. F. Eingsland. failed to open its doors yesterday morning. The


Article from St. Paul Daily Globe, August 20, 1893

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FINANCIAL New York. NEW YORK, Aug.19.-It is only necessary to state that the total sales of stocks for the two hours of business were 43,195 shares to give a clear idea of the lack of interest in the stock market. Before the bank statement was issued the room devoted its time to guessing the amount of the probable gain or loss in the reserve: after the exhibit operators were busy analyzing the report. In the meantime speculation in stock languished and but few issues showed any material change for the day. The bank statement was generally accepted as favorable, and it contributed to the firmness which characterized the closing transaction. The news of the day was rather more favorable. La Touraine brought $1,348,200 French gold, and the Etruria was reported down the bay with $1,850,000 additional on board. It was announced that the Milwaukee National and the Commercial National banks, which recently suspended, have decided to reopen. Of the halfdozen roads which submitted their traffic statements for the second week of August, only one, the Louisville & Nashvile showed a decrease. It should be stated that the last named reported a decrease of $67,400. Still there was little disposition to trade, and it is quite likely that no important movement in the stock market will take place until something definite is heard from Washington in monetary matters. In detail the market opened quiet and generally lower, Manhattan and General Electric being the weakest stocks. Distilling and Cattle Feeding then developed strength, rising to 198/4. The general list then advanced 1/4 to 1½ per cent outside of Manhattan, which jumped 2½ to 1088/4 on covering by nervous shorts. The market closed quiet and firm. Railway and miscellaneous bonds were dull and weak. The sales were $182,000. New York Central coupon firsts fell to 116 from 118; San Antonio & Aransas Pass was traded in for the first time today and brought 60. The Total Sales of Stocks


Article from Richmond Dispatch, August 20, 1893

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NEW YORK STOCK MARKET. NEW YORK, August 19.-It IS only necessary to state that the total sales of stocks for the two hours of business were 43,000 shares to give a clear idea of the prevailing lack of interest in the stock market. Before the bank statement was issued the room devoted its time to guessing the amount of the probable gain or loss in reserve; after the exhibit operators were busy analyzing the report. In the mean time speculation in stocks languished and but few issues showed any material change for the day. The bank statement was generally accepted as favorable, and it contributed to the firmness which characterized the closing transactions. NEWS MORE FAVOBABLE. The news of the day was rather more favorable. The Touraine brought $1,348,200 in French gold and the Etruria was reported down the bay with $1,850,000 additional on board. From St. Paul it was announced that the Milwaukee National and Commercial National banks. which recently suspended, have decided to reopen. Of the half dozen roads which submitted traffic statementsfor the second week of August only one-the Louisville and Nashville, showed a decrease. It should be stated that the last named reported a decrease of $67,400. WAITING ON WASHINGTON. Still there was little disposition to trade. and it is quite likely that no important movement in the stock market will take place until something definite is heard from Washington in money matters. In detail, the market opened quiet and gene. rally lower. Manhattan and General Eleotric being the weakest stocks. Distilling and Cattle Feeding then developed strength, rising to 19%. The general list then advanced 1/4 to 1½ per cent. outside of Manhattan. which jumped 2½, to 108%, on covering by nervous shorts. The market closed quiet and firm. FOREIGN EXCHANGE. The foreign exchange market closed firm at the top notch of the week. An increase in the supply of cotton bills is reported, while there is no falling off in the exports of grain. There 18 still a premium on gold, and this. with the supply of grain and cotton and provision bills, augues well for a contiuance or the gold import movement. MONEY-EXCHANGE-BOND-SILVER Money on call nominally 3 per cent. Prime mercantile paper, 8a12 per cent. Sterling exchange firm. with actual business in bankers' bill at $4,83a$4.83 for sixty days and $4.87a$4.87 for demand. posted rates, $4.83a$4.88; commercial bills, 84.81a$4.86%. Governments bonds firm. State bonds dull. Railroad bonds weak. Silver at the Stock Exchange to-day was neglected. Treasury balances: Coin. $52,307,000; currency, $8,472,000. THE BANK STATEMENT. The weekly statement of the associated banks shows the following changes: Reserve-increase, $4,499,575; loans-decrease, $5,255,500 ; specie-increase, $4,728,000: legal tenders-decrease, $703,700; deposits-decrease, $1,901,100: circulation-increase, $702,200. The banks are now $12,045,800 below the require of the 25 per cent. rule.


Article from Wheeling Register, August 21, 1893

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Dull-Stocks, Firm and Higher-Wheat, Higher-Flour, Dull. New YORK, August 19.-Money on call nominally 3a6 per cent.. Prime mercantile paper 8a10 per cent. Sterling exchange firm at 483a48734. Silver certificates at 73c. GOVERNMENTS-Dull. 111½ Fours Registered. 111½ Fours Coupons 95 Four--and-a-half Registered 103 Pacific Sixes of '95 STATES-Dull. RAILROADS-Dull and weak; sales, $182,000. STOCKS.-The trading in the stock market in the two hours of business were small to-day, and little interest was shown in the market. The bank statement was generally accepted as favorable, and it contributed to the firmness which characterized the closing transactions. The news of the day was rather more favorable. La Touraine brought $1,348,200 French gold and the Etruria $1,850,000 additional. From St. Paul it was announced that the Milwaukee National and Commercial National, which recently suspended, have decided to re-open. Of the haif-dozen roads which submitted traffic statements for the second week of August, only one, the Louisville and Nashville, showed a decrease. There was little disposition to trade and it is quite likely that no important movement in the stock market will take place until something definite is heard from Washington in monetary matters. The market closed firm and higher. Sales, 42.000 shares. Quotations closed bid: Atchison, 15; Adams Express, 133; American Express, 102; Baltimore and Ohio, 63; Canada Pacific. 71; Central Pacific, 16; Chesapeake and Ohio, 14; Chicago and Alton, 126; Chicago, Burlington and Quincy 743/8; Delaware and Hudson, 10836; Delaware, Lackawanna and Western. 1343/2; Denver and Rio Grande preferred 2836; Erie, 11%; do preferred, 24; Fort Wayne, 140: Illinois Central, 89½; Lake Shore, 113; Michigan Central, 773/2; Missouri Pacific, 20%; Norfolk and Western preferred, 21; Northern Pacific, 3½; do preferred, 17%; Northwestern, 93%; do. preferred, 128: New York Central, 971/4; Pacific Mail, 9%; Peoria, Decatur and Evansville, 7; Pittsburg, 137; Pullman Palace, 142; Reading. 13; Rock Island, 57; St. Louis and San Francisco first preferred, -; St. Paul. 51%; do. preferred, 10936; Tennessee Coal and Iron, 11: Texas Pacific, 5; Union United States Express, 40; Western Union, 76½: Wheeling and Lake Erie. 11; do. preferred, 39%. Mining Stocks-Cholor-; Crown Point, 20; Consolidated California and Virginia, 105; Deadwood, 100; Gould and Curry, 20; Hale and Norcross, 40; Homestake, 850; Independence, -: Mexican, 40; North Star, -:, Ontario 600; Ophir, 40; Plymouth, 15; Sierra Nevada, 20; Standard, 110; Union Con., 25; Yellow Jacket, 35;


Article from St. Paul Daily Globe, August 21, 1893

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FINANCIAL New York. NEW YORK, Aug.19.-It is only necessary to state that the total sales of stocks for the two hours of business were 43,195 shares to give a clear idea of the lack of interest in the stock market. Before the bank statement was issued the room devoted its time to guessing the amount of the probable gain or loss in the reserve; after the exhibit operators were busy analyzing the report. In the meantime speculation in stock languished and but few issues showed any material change for the day. The bank statement was generally accepted as favorable, and it contributed to the firmness which characterized the closing transaction. The news of the day was rather more favorable 1La Touraine brought $1,348,200 French gold, and the Etruria was reported down the bay with $1,850,000 additional on board. It was announced that the Milwaukee National and the Commercial National banks, which recently suspended, have decided to reopen. Of the halfdozen roads which submitted their traffic statements for the second week of August, only one, the Louisville & Nashville showed a decrease. It should be stated that the last named reported a decrease of $67,400. Still there was little disposition to trade, and it is quite likely that no important movement in the stock market will take place until something definite is heard from Washington in monetary matters. In detail the market opened quiet and generally lower, Manhattan and General Electric being the weakest stocks. Distilling and Cattle Feeding then developed strength, rising to 198/4. The general list then advanced 1/4 to 11/4 per cent outside of Manhattan, which jumped 2½ to 1088/4 on covering by nervous shorts. The market closed quiet and firm. Railway and miscellaneous bonds were dull and weak. The sales were $182,000. New York Central coupon firsts fell to 116 from 118; San Antonio & Aransas Pass was traded in for the first time today and brought 60. The Total Sales of Stocks


Article from The Progressive Farmer, August 22, 1893

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suit to recover $1,400,000 tied up by the Marine Bank suspension, $5,000 in the Milwaukee National Bank and $500,000 in the Commercial Bank at Eau Chire. YORKVIILE Ill. Aug. 8 -E L Henning, a banker of Plano, assigned yes terday. It is thought Mr. Henning will soon be able to resume business RICE LAKE. Wis., Aug -This morning the Barron County Bank, of which N. W. Bailey is proprietor, assigned to R. M. Whitaker. The liabilities are $20,000, but the assets are five times that amount. The bank will pay dollar for dollar of its obligations and resume at the earliest possible moment CHICAGO, Aug. 8 -The New York creditors charge fraud in the assign ment of the James H Walker Co. Be fore Judge McConnell this afternoon Charles Spielman & Co., who are creditors to the extent of $13,000, through Moran, Kraus and Mayer filed a petition asking that they be allowed to replevin certain goods sold the Jas. H. Walker Co. on July 12 last, they alleging that they were induced to sell the goods and extend credit to the company by reason of certain fraudulent statements as to the resources made by W. A. Mason, treasurer, and by James H. Walker. Eighteen big business failures was the record for one day in New York City alone, August 8. NORTH BRANCH, Minn., Aug 8 -The Bank of North Branch, owned by J.F. Kingsland, has suspended The institution is solvent and will re open in a few weeks. ALTAMONT, III., Aug. 8 -The bank. ing house of C. M. Wright & Co has suspended. The cashier, Levi Butler, is missing. He left a letter say ing that he had embezzled $41,000 of the bank's money. It is said that depositors will be paid in full PITT&BURG, Pa., Aug. 9.-The Linden Steel Co., one of the largest manufac turing concerns in Pittsburg, has suspended operations on account of the stringency of the times and difficulty in procuring discounts and inability to make collections. All the employees, about eight hundred, have been dis charged. The company had a number of contracts from the government for plate. MINNEAPOLIS, Aug 9 -The Missis sippi Valley Lumber Association met here yesterday in semi annual session and agreed to reduce the cut for the balance of the season one-half. The date agreed on for closing the saw mills was September 20. LAWRENCE, Mass, Aug 9.-The fol lowing notice was sent out by theagent of the Pemberton Cotton Mills this morning: "Owing to the extreme diffi culty in obtaining currency with which to pay our employees weekly, accord ing to law, this mill will close Satur day noon, August 12, for three weeks LANSING, Mich, Aug. 9 - E Bement & Sons, manufacturers of implements and stoves, have made a ten per cent cut in the wages of their six hundred employees. The men accepted the cut rather than be thrown out of employment. CHICAGO, Aug. 9 -Swift & Co., packers at the stock yards, yesterday laid off five hundred employees. They also retrenched by reducing the wages of the remaining employees ten per cent. The action was expected, and was caused by the condition of things at present existing at the yards. GUTHRIE, O. T., Aug. 9.-A govern ment official who has just returned from a trip along the Kansas line of the Cherokee strip reports great destitution and suffering among the people. Many are suffering for food and live stock is dying from Texas fever and starvation, the hot weather having burned up the Kansas grass. Hay is held at an enormous price, and a patrol of soldiers prevents the people from pasturing their stock on the abundant grass on the strip.


Article from Grand Rapids Herald, September 10, 1893

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BANKS RESUMM BUSINESS. Milwaukee National and Several West. ern Institutions to Reopen. MILWAUKEE, Sept. 2-The Milwaukee National bank, which closed last July, will resume Sept. 25, with capital stock increased to $500,000. WASHINGTON, Sept. 9.-The First Na. tional bank of Cheyenne, Wy., and the Oregon National bank of Portland, Ore., which suspended recently, have today been permitted to reopen.


Article from Evening Star, September 25, 1893

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Milwaukee Bank Resumes. Controller Eckels has authorized the Milwaukee National Bank of Milwaukee, which recently suspended, to reopen for business.


Article from The Providence News, September 26, 1893

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NEWS OF THE DAY. Three more cases of smallpox were reported in New York yesterday. A week from to-day five of the largest mills of the Illinois Steel company plant at Bayview, Wis., will resume operations. The prize fighters H. Clarke of Birmingham, Sand Blakelock of London and Surge sailed on the steamship Umbria for New York. Comptroller Eckels has authorized the Milwaukee National Bank, of Milwaukee, which recently suspended, to reopen the business. Jndge Johnson, sitting at Milwaukee, has taken the question of appointing a coreceiver for the Wisconsin Marine & Fire insurance company. bank under advisement. Ernest J. Greene, bookkeeper for Reinhard, Seidenburg & Co., cotton brokers of New York, is under arrest charged with theft and forgery. His peculations amount to $3,000. A special from Des Moines says F. A. Ott, nominee for lieutenant-governor on the populist ticket, resigned, his age, 28 years, making him ineligible for the office. The vacancy will be filled by the committee. Archbishop Corrigan of New York, it is expected, will preach the sermon on the occasion of the jubilee service in the eathedral in Baltimore marking the completion by Cardinal Gibbons of 25 years in the Episcopate. Statistics compiled from official data show that from January to September of this year 560 state and private banks in the United States failed and that 72 have resumed business. In the same time 155 national banks failed, 70 of which have resumed.