10235. First National Bank (Harrisonville, MO)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
3754
Charter Number
3754
Start Date
July 20, 1893
Location
Harrisonville, Missouri (38.653, -94.349)

Metadata

Model
gpt-5-mini
Short Digest
67e0d81b

Response Measures

None

Description

The First National Bank of Harrisonville suspended payment on or about 1893-07-20 due to stringency in the money market and failure to realize on collateral. Multiple articles report the suspension and later list the bank among national banks permitted to reopen on Sept 1, 1893. There is no clear, explicit description of a depositor run on this specific bank in the provided articles, so I classify this as a suspension (caused primarily by money-market stringency) followed by reopening.

Events (4)

1. July 16, 1887 Chartered
Source
historical_nic
2. July 20, 1893 Suspension
Cause
Macro News
Cause Details
Stringency in the national money market and inability to realize on collateral (illiquid assets) caused the bank to suspend payment.
Newspaper Excerpt
HARRISONVILLE, Mo., July 20.-The First National bank has suspended payment and is in the hands of the comptroller of the currency. Liabilities, between $30,000 and $40,000; assets, $80,000. Stringency in the money market and failure to realize on collateral caused the suspension.
Source
newspapers
3. September 1, 1893 Reopening
Newspaper Excerpt
The First National Bank of Harrisonville, suspended payment yesterday morning, ... The First National Bank of Harrisonville, Mo. ... First National Bank of Harrisonville, Mo. permitted to reopen their doors for business: ... First National Bank of Harrisonville, Mo.
Source
newspapers
4. March 17, 1894 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (23)

Article from Deseret Evening News, July 20, 1893

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Advised of the Sallare. WASHINGTON, July 20.-The comptroller was advised this morning of the failure of the First National bank of Harrisonville, Mo. J. I. Mercer, Helena, Mont., is appointed receiver of the Livingston National bank, Livingston, Mont.


Article from The Morning Call, July 21, 1893

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sold until October, and no money can be realized until the spring. MILTON MILLS. July 20.-The agent of the Waumbeck Company has issued orders for the closing of the mills here for six months, as soon as the goods now in progress of manufacture are finished. The reason assigned is a lack of orders, except at ruinous prices. This is the first time in the history of the company that work had been ordered to cease on account of the condition of the markets, and the result will be a serious blow to many employes. PLATTSBURG, N. Y., July 20.-The Chateaugay Ore and Iron Company closed down to-day, as did also the Crown Point Iron Company's mines and ironmakers at Crown Point. The cause given is the dullness of the iron trade. Thousands of men are thrown out of employment. HARRISONVILLE, Mo., July 20.-The First National has suspended payment and is in the hands of the Comptroller of Currency. The liabilities are between $30,000 and $40,000. while the assets amount to $80,000. The stringency in the money market and the failure to realize on collateral were the causes of the suspension. CHICAGO, July 20.-It was stated in court to-day that the assets of Banker Hermann Schaffner, who recently committed suicide, would not pay over 12 1/2 cents on the dollar of the liabilities. NEW YORK, July 20.-David McClure has been appointed receiver for the Truth Company on the application of the directors of the company. It was incorporated in December, 1892, with a capital stock of $200,000, succeeding to the business previously carried on by the News Letter Company. NASHUA, N. H., July 20.-The Security Trust Company closed its doors this morning on account of the withdrawal of deposits. The depositors will be paid in full. The company has a capital and surplus of $250,000. SHARON, Pa., July 20.-The She riff has served attachments on the Douglass Fur Dace Company of Sharpsville, aggregating over $250,000. The chief creditors are Corrigan, Ives & Co. of Cleveland, $102,000. and the Wisconsin Marine and Fire Insurance Company, $125,000. The failure is attributed to the assignment of Forsythe, Hyde & Co., Chicago, by whom the furnace has been operated. CHEYENNE, July 20.-The private banking-house of T. A. Kent failed to open this morning. Most of the deposits were time claims and but few business houses were affected. A statement is not obtainable. Following the failure of the Kent Bankinghouse, the First National suspended at 2:30 o'clock owing to a heavy run. J. W. Foster was appointed bank examiner and has taken charge. The assets are $780,000 and the liabilities $525,000.


Article from The Herald, July 21, 1893

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A Missouri Bank Failure. HARRISONVILLE, Mo., July 20.-The First National bank has suspended payment and is in the hands of the comptrollor of the currency, The liabilities are between $30,000 and $40,000; assets $80,000. Stringency in the money market and failure to realize on collateral is the cause of the suspension.


Article from Rock Island Daily Argus, July 21, 1893

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THE SITUATION AT DENVER. Eckles Promises to Give 'Em Time and Things Look Better. CHICAGO, July 21.-The Denver financial flurry is about over. Comptroller of the Currency Eckles has telegraphed the United States bank examiner there to assure the officers of the suspended banks that he will give them time, and aid them in every way possible. He says no bank need fear severe measures by the government where the business has been properly conducted. The run at Colorado's capital is ended. A number of the bus ness houses losed will resume business at once, among them the Flanders Dry Goods company. Others who will resume are the Halleck-Sayre Lumber company and the Tucker Manufacturing company. On the other hand the Roberts-Henderson company and the Adams Manufacturing company have been attached. At other points the following failures have taken place: At Harrisonville, Mo., First National bank-will pay in full; Cheyenne, Wyo., Kent bank and First National-both will probably reopen; Warrensburg, Mo., Johnson County Savings bank-pay in full; Canon City, Colo., First National-pay in full; Grand Junction, Colo., First N tional-pay in full: Manitou and Colorado Springs, J. B. Wheeler & Co., bankers-plenty of assets.


Article from The Salt Lake Herald, July 21, 1893

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Two Banks Fail. WASHINGTON, July 20. - The comptroller was advised this morning of the failure of the First National bank of Harrisonville, Mo. J. I. Mercer, Helena, Mon., is appointed receiver of the Livingston bank, Livingston, Mon.


Article from The Salt Lake Herald, July 21, 1893

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A Missouri Bank Suspends. HARRISONVILLE, Mo., July 20.-The First National bank has suspended payment and is in the hands of the comptroller of the currency. Liabilities, between $30,000 and $40,000; assets, $80,000. Stringency in the money market and failure to realize on collateral caused the suspension.


Article from The Providence News, July 21, 1893

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for lack of confidence on the part of the depositors. "It is my intention," he said, "where a bank has been properly conducted, and whose assets, under ordinary circumstances, would have permitted it to remain solvent, to give the institution every opportunity to resume business. "All the Denver banks that failed were well conducted, and every opportunity will be given them to reopen. The people who have caused the Denver disaster by foolish runs should do all they can to help the banks resume." Notifications of two more failures reached Mr. Eckels yesterday. The unfortunate banks are the First National bank of Harrisonville, Mo., and the Oklahoma National bank of Oklahoma City, O. T.


Article from Omaha Daily Bee, July 21, 1893

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Missouri Bank Closed. WASHINGTON, July 20.-The comptroller was advised this morning of the failure of the First National bank of Harrisonville, Mo. J. I. Mercer of Helena, Mont., has been appointed receiver of the Livingston National bank at Livingston. Mont.


Article from Omaha Daily Bee, July 21, 1893

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suspended Payment. HARRISONVILLE, Mo., July 20.-The First National bank of Harrisonvilie suspended payment this morning. The assets are between $80,000 and $90,000; liabilities, between $30,000 and $40,000.


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

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Small Bank Fails. HARRISONVILLE, Mo., July 20.-The First National Bank of Harrisonville suspended payment this morning, and is In the hands of the comptroller of the currency. Capital stock, $50,000; assets between $80,000 and $90,000; liabilities between $30,000 or $40,000. Stringency of the money market and failure to realize on collateral is the cause of the suspension.


Article from New-York Tribune, July 22, 1893

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NEWTROUBLEIN MILWAUKEE THE COMMERCIAL BANK MAKES AN AS SIGNMENT. IT HAD BEEN LOSING DEPOSITS-THE CRASH DIRECTLY DUE TO THE ATTACHING OF IRON HELD AS COLLATERAL--OTHER INSTITUTIONS GO UNDER. Milwaukee, July 21.-The people about the Court. house were thrown into a state of consternation about 10:30 o'clock this morning when an attorney jumped up the stairs two steps at a time leading to the office of the clerk of the courts and filed a voluntary assignment of the Commercial Bank. This haste was owing to a number of creditors who were hard on his heels with attachments and executions to file. The assignee appointed in the papers filed is A. R. Gellfuss, the cashier of the bank, and his bond is placed at $1,200,000. This was given by Albert Conro, Charles F. Pfister and E. Mariner. The entire fund of Milwaukee County, amounting to $310,624. was deposited in the Commercial Bank. The newly organized Milwaukee Electric Railway Company was also a depositor to the extent of $200,000. The last statement of the bank showed the demand deposits to amount to $557,748 22, and the time deposits to $528,915 22. The assets were $1,656,850, of which $1,315,278 was in loans and discounts. The bank has a capital of $250,000. The following are the principal stockholders: A. B. Gellfuss, $22,000; E. R. Paine (president), $20,000; J. P. Pierce, $14,000; J. G. Flint (vice-president), $11,000; H. M. Benjamin, $11,000; W. H. Timlin, $10,000; John Kremer, $10,000; A. L. Kane, $10,000; F. Schlesinger, $10,000; Harry Reubens, $10,000; A. H. Wagner, $7,500. During the financial flurry a month ago, caused by the Lappen failure, resulting in the suspension of the Plankinton Bank, there was a run on the Commercial, but It has been generally believed that the Institution would weather the storm. As there has been no trouble here for some time, the assignment this morning was a great surprise. It had no effect on the other banks. The direct cause of the suspension of the bank at this time is attributable to the failure of the Douglas Furnace Company of Sharpesville, Penn., of whose certificates of stored pig iron the Commercial had about $130,000. It 1s declared that somebody, ignoring those certificates, had the Sheriff attach the iron. W. H. Timlin, the legal representative of the Commercial, when asked about the situation, said If those certificates are genuine, as they are supposed to be, we shall be all right. If we can get the pig iron the warrants call for, and to which we are legally entitled, we shall come out O. K. The deals with the Pennsylvania concern have been through the Schlesinger people." For some time depositors in the Commercial Bank have been quietly withdrawing their money from it until there was, at the time of closing the institution, only about $30,000 of demand certificates on hand. Some of the heavlest depositors had reduced their deposits greatly. One corporation, which had at times as high as $50,000 in the bank on deposit, had only 11 cents there when the doors were closed. Tacoma, Wash., July 21.-The Traders' Bank of Tacoma failed to open for business this morning. The suspension is due to its inability to procure ready money. Its securities are sufficient to pay all obliga¹tions and to leave a large surplus. Without any run or excitement the deposits of the bank have, by a steady drain, been reduced since October over 80 (per cent. It is expected that arrangements will be made to resume business within a short time. . Warrensburg, Mo., July 21.-The Johnson County Savings Bank suspended at noon yesterday, and will go into the hands of a receiver. The bank has ample funds, but inability to collect and the heavy runs caused the failure. The officers say that the depositors will be paid in full. Harrisonville, Mo., July 21.-The First National Bank of Harrisonville, suspended payment yesterday morning, and is in the hands of the Controller of the Currency. The capital stock is $50,000, assets between $80,000 and $90,000. liabilities between $30,000 and $40,000. Stringency of the money market and failure to realize on collateral are the causes of the suspension. 88 Washington, July 21.-The Controller of the Currency learned to-day that the First National Bank of Cheyenne, Wyo., had failed. .


Article from The Middleburgh Post, July 27, 1893

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Financial and Commercial. ADA, O.-The Citizens' Bank the most prominent in Hardin county, has failed. MADISON. Isp.-The Carrollton Woolen Mill Co., has assigned with liabilities of $7.000. The Nashville, Chattanooga and St. Louis Railway Company has declared a dividend of 14 per cent., payable August 1. The McNamara Dry Goods Company, of Chicago has suspended. It was among the largest houses of its kind in the West. POMONA, CAL-The People's Bank has re. opened with plenty of coin. Only #4 were drawn out the first hour, Deposits were liberal. PARKER, KAN.-The State Bank has failed. STERLIN, CoL-The Bank of Sterlin has assigned. BUZEMAN, Mosr -The Bozeman National Bank has closed. YATES CENTER, KAN.-The Woodson State Bank has'suspended. HUTCHINSON, KAN.-The Hutchinson National Bank has closed its doors. ASPEN. CoL-The J. B. Wheeler Banking Company and the Pioneer Bank have failed OKLAHOMA City-The Bank of Oklahoma City and the Oklahoma National Bank have succumbed to runs and failed. FORT SCOTT, KAN.-The First National Bank the oldest financial institution in Southeastern Kansas suspended payment. ASHLAND, KY.-The Second National Bank which suspended three weeks ago. resumed business Thursday. CHICAGO.-The Chemical National bank will not resume business. The reasons given are the stringency of the money marketand the inability of some stockholders to meet the assessments which would be levied up. on them if the bank resumed. KANSAS CITY, KAN.-The Citizens bank, the Bank of Richmond and the Farmers and Merchants bank at Ossawattomie, also of Kansas, all private institutions, closed their doors. HAREISONVILLE, Mo.-The First National Bank of Harrisonville, suspended payment and is in the hands of the Comptroller of the Currency, NASHUA, N. H.-The Security Trust Comrany closed its doors. It promises to pay depositors in full. ANTHONY. KAS.-The First National Bank and the First National Bank of Calago City, Col., have suspended. THE Bank of Bellville, Republic county, Kan., a private institution with $20,000 capital, has failed. NATIONAL bank examiners have recommended to the Comptroller that the First National Ban 1 of San Bernardino, Cal., which recently failed. be allowed to reopen at once, its affairs being in good condition. New YORK-Charles M. Preston, state bank examiner, reports the banks of this state to be in a good condition generally and be anticipates no failures.


Article from Delaware Gazette and State Journal, July 27, 1893

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banking institutions generally. as follows: Frank Adams, National Bank Examiner. Danver, Co4: I wish you would announce to the officers of the banks which have falled in Denver that it is my intention to lend them every aid possible looking towards speedy resumption on their part, and that I shall grant to them suncient time to enable them to not only collect in such amounts as are speedily collectible, but to get together such amounts of money as will enable them to open upon & BOLK basis. It seems to me that such citizens as have. by a foolish course of conduct in withdrawing doposits from banks which BO long enjoyed their complete confidence, brought about this condition. ought, in view of the damage they have done their city, as early as possible try to repair it by standing ready to deposit with them. I tuily appreciate all the circumstances of the situation and the unnecessary loss entailed. You are authorized to employ as assistants. to protect paper and collect in moneys, the most competent and trustworthy employes in such institutions. I have also ordered Examiner McHugh of Iowa to report at once to assist you. I desire that this telegram be given to the press at Denver, evidencing as it does that,the comptroller has faith in the ability of the banks of Denver to resume, and of his desire to lend them every assistance consistent with his official duty. When asked to express more fully his views on the condition of affairs, Mr. Eckels said the failures in Denver, yesterday, like a number of other national bank failures. were caused by no fault of the bank officials, but through a foolish and uncalled for lack of confidence on the part of depositors. "It is my intention," he said, "where a bank has been properly conducted and whose assets under ordinary circumstances would have permitted it to remain solvent, to give the institution every opportunity to resume business. All the Denver banks that failed were well conducted and every opportunity will be given them to reopen. The people who have caused this Denver disaster by foolish runs should do all they can to help the banks resume." TWO MORE FAILURES. Notifications of two more failures reached Mr. Eckles this forenoon. The unfortunate banks are the First National Bank of Harrisonville, Mo., which went under this morning, and the Oklahoma National Bank of Oklahoma City, Oklahoma, which closed its doors yesterday.


Article from The Times, July 28, 1893

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'he News Condensed. Important Intelligence From All Parts. DOMESTIC. IN Colorado the J. B. Wheeler Bank g company at Aspen, the Bank of erling at Sterling, and the Bank of veland at Loveland, have assigned. JOHN SWARTOUT. of Morrison, Ill., eted for the murder of hisfather, jail of consumption. THE Milburn wagon works at Toledo, , employing 1,500 men, the largest itution of its character in the United ates, closed down for six months. MRS. CONRAD VEILHAM, of Tonawan , N. Y., has fallen heir to $4,000,000 rough the death of an uncle in India DURING the twelve months ended ne 30, 1893, the number of immigrants riving in the United States was 497, 3,and during the corresponding period the preceding year 619,320 arrived. A FIRE at Susanville, Cal., resulted e destruction of sixty buildings and used a loss of about $250,000. CoL. BENJAMIN F. JOHNSON, one of e leading attorneys of Kansas City, an., was shot down in the streets and stantly killed by A. W. Little, one of e most prominent citizens of the wn. Financial trouble was given canse. e AN incendiary fire at Greenville, Miss., used a loss of $100,000. THE National bank at Hutchinson, in., failed with liabilities of $131,000 d the Bank of Parker and the Woodn bank of Yates Center, in the ate, closed their doors. THREE sons of Mr. Lave, of Gregg unty, Tex., robbed their father of 2,000 and fled. Two were caught. LIGHTNING killed James Witts' two ildren while they were standing un r a tree during a shower at Sadlers lle, Tenn. THE pension office in Washington tes that the total number of penners dropped from the rolls since arch 4, 1893, was 245, and that the tal number of pensioners suspended ce March 4, pending a further invesration of their cases, was 5,090. IN a freight wreck near Jonesboro, ., Engineer Ben Wade, Fireman Joe mmis and Brakeman J. W. Marshall ere killed. BANK failures were reported as fol ws: First national at Harrisonville o., Oklahoma national at Oklahoma, rst national at Anthony, Kan., Bank Belleville, Kan., First national reeley, Col., National at Grand June on, Col., First national at Cheyenne, yo., and First national at Canyor ty, Col. OVER 30,000 men were idle in Colo do as a result of the closing down of ver mines, and it was feared that eat suffering would follow. IN territory near Toledo, O., aban ned thirty years ago as practically orthless, oil has been struck in im ense quantities. By the explosion of a gasoline stove ar Cincinnati John Ulrich, wife ild were fatally burned. THREE men were burned to death by dden flow of ignited oil at wells O ADVICES from Pittsburgh, Pa., at the plate glass trust has collapsed d that the many idle factories roughout the country will resume erations. THE Flanders dry goods house enver failed for $125,000. and will of the late Anthony


Article from The Superior Times, July 29, 1893

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sion FIRE at Paulding, O destroyed the business part of the city Some thirty buildings were destroved The loss is $200,000. THE Merchants National Bank at Great Falls Mont. has suspended Over 870,000 in public funds are tied up in the bank. IT is stated that the Pennsylvania Railroad will use the long-distance telephonesinstead of the telegraph in hanlling trains. ED. MILLER and Amos Jefferson, both volored, quarreled over a game of eraps it Ottumwa, la. Miller shot Jefferson fatally and escaped. THE city of Managua. Nicaragua, has been bombarded by the revolutionists Minister Baker has sent a protest to the leaders of the revolution. Six HUNDRED unemployed men were fed at Denverb charitable people At the headquarters for unemployed, 1,000 men registered mone day THE Citizens' Bank at Connersville, Ind., owned by ex-United States Treasurer Huston, has failed. The assets are 500.000 and the liabilities $150,000 Officialadvie from Naples, received in Washington, state that cholera has appeared in the first-named city, holera also prevails in Senegal. Africa. a JACOB SUNDERLAND was running traction engine near Munie Ind.. when it went through a bridge He was scalded to death In the boiler's con tents GRESHAM denies that be will be a presidential candidate eyeland ill probably elevate him to the supreme bench INVESTIGATION shows that Shoemaker the killed the Lukens brothers at Me tropolis, III. did not commit suicide as reported. AT Friend Neb. Michael Kesler fired his son house in the hope of remating his wife, " the refused to sign mortgages Gov MARKH whas appointed ex-Gov George ( Perkins nited States sena for tosterced the late Leland Stanford, of California ANDREW SPEAR. negro living in Lima, 1.. shot his wife dead for talking. He then decamped with her body and has not been found THE heretofore thriving city of Pitts burg. Kas. contains 6,000 idle miners and has bee ruined by the strike urged on for political ends JoHN KRIDER a wealthy farmer was thrown from his wagon at Elkhart, Ind. and died later 111 the day of the injuries he received THE McKutchan carriage works at Princeton, III.. were burned to the ground. involving a loss of $20,000 and throwing out of employment over fifty men. DANIEL YOMINKLE well-known man of Chanderville, III.. drowned himself in the Sangation River at Virginia. No reason for his suicide is 1 nown LIEUT CLARK aged 30. son of Dr Mark of Baltimore, Md. was drowned at Fort Custer, Mont He was married about year ago, to Miss Elsie ( lemens, of St Louis OFFICERS of the Kansas Farmer's Alli ance have conceived the plan loaning wheat to destitute farmers until next year LETTER from the captain of the Alexandria totally disproves the rumor about the Mohican having been fired upon. LEE JONES of Indianapolis, convicted of the murder of Thomas Moody in 1872. has been pardoned by Gov. Mat thews. ARPER & BROTHERS hav cheen warned in secret service men not to portray government money on books published by them. CHARLES GREETON, year-old bicycle rider, was killed by falling over an embankment with his wheel near Lebanon. O THE engagement of Dr. Albert Shaw editor of the Review of Reviews, and Miss Bessie Bacon. of Reading Pa., is announced The jury at Fresno, Cal. in the case of Richard Heath. charged with the murder of L. B. MeWhirter, was unable to agree BANKER LITTLE, who killed Attorney Johnston at Kansas City Kas. has been held for murder in the first degree by a coroner's jury. Owing to the economical policy of the Nebraska legislature there are noappro priations to meet current expenses of state institutions Pessoxofficials in purging the rolls have ent off Supreme Judire Charles Dean Long. of Michigan, who lost an arm in the service THE steather Paris made the west ward run from Southampton to Fire Island in 16 days, 9 hours and 30 minutes breaking the record THIS Louis Wood and Pump Com pany has failed. ALL THE Banks at Gatherie, Ok., are experiencing runs. THE Yorktown has sailed from New York for the Pacific station Ix a fall from a scaffold at Elgin. III. Edward Dewel was fatally injured for A RECEIVER has been appointed Truth, the New York publication. THE Burlington Railroad decides on general reduction in its working force WILLIAM SCHW ARTZ because of domes tie trouble took poison at Decatur. III E. 11. TAYLOR, the Frankfort. Kv. distiller. made an assignment No figures. WELLS FARGO will establish bank in New York with a capital o Sweet Thesilves convention at Topeka, Kas is all but a failure. There is a scarcity of bigment THE First National Bank at Harrisot ville. Mo.. failed with $80,000 assets au $40,000 liabilities Miss WINNIE DAVIS is slightly ill Narragutsett Pier. but no apprehension is felt by her friends THE Hotel Vorcelli, at Boston has into the hands of an assignee The debts are $20,000 MRS W. HOLMES was buried a Mattoon III She was consin of John Bright English commoner. \ BOUT 1.00 boilermakers and helpers are off a strike at St. Louis for a nine


Article from The L'anse Sentinel, July 29, 1893

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COURAGE FOR DENVER. Every Effort to Be Made to Enable the Suspended Banks to Resums. WASHINGTON, July 21.-James H. Eckels, the comptroller of the eurrency. immediately on his return from New York, this morn ng. addressed to the national bank examiner at Denver a dispatch defining the policy of the admin stration with reference to 111solvent national banking institutions generally, as follows, ** a k Adams, national bank examiner. Denver, Co O.: I wish you would annown e to the officers of the banks which have failed in Benver that it is my intention to le d them every aid possible looking toward speedy re umption on their part, and that shall grant to them sufficient time to enable them to not only colect such amounts as are speedily collectable, but to get together such amounts of money as will enable them too pen upon a small basis. "it seems to me that such citizens as have. by a foolish course of conduct in withd deposits from banks which SO long enjoyed their complete contiden an brought about thiseondit on. ought in view of the damage they have cone their city, US quickly as possible to repair it by standing ready to deposit with them. **1 fully appreciate all the circumstane of the si nation, and that no unne ssary loss may be entailed you are author ized to employ as assistants to pro 001 paper and e Elect injm: neys the mos compe ent and trustwor by employes in such institutions. I have also ordered Ex un ner Mellugh of Iowa to report at once to ssint you. *I desire that this telegram be given to e press at Denver, evidencing as it does that the comptroller has faith in the ability of the banks in Denver to resume and his desire to lend them every ass stance consistent with his official duty." When asked to express. more fully his views on the condition of affairs Mr. Eekels said the failures in Denver yesterday, like a number of other national bank failures, were caused by no fault of the bank officials, but through a foolish and uncalled for lack of confiden e on the part of depositors. "It is my intention." he said. "where a bank has been properly consucted and whose assets under ordinary circumstances would have permitted it to remain solvent, to give the institution every opportunity to resume business. All the Denver banks that failed were well conducted. and every opportunity will be given them to reopen. The people who have caused the Denver disaster by foolish runs should do all they can to help the banks resume." Notifications of two more failures reached Mr. Eckels this forenoon. The unfor unate banks are the First National bank of Harrisonvil.e. NO., which went under' this morning. and the Oklahoma National bank of Oklahoma City, Okla,, which closed its den e you erdar


Article from Asheville Daily Citizen, September 1, 1893

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RESUMPTIONS, National Banks Now Ready for Business Again. WASHINGTON, Sept. 1.-Comptroller Eckels says that 145 national banks have suspended since January 1. Of these one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners, with excellent prospects of early resumption, and 34 have already resumed business. The following national banks, which recently suspended payment, have today been permitted to reopen their doors for business: American National bank of Nashville, Tenn.; First National bank of Grundy Center, Iowa, and First National bank of Harrisonville, Mo.


Article from The Times, September 2, 1893

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National Banks Resume. WASHINGTON, D. C., Sept. 1.-The following National Banks, which recently suspended payment have to-day been permitted to re-open their doors for business: The American National Bank of Nashville, Tenn., the First National Bank, of Grundy Center, Iowa, and the First National Bank, of Harrisonville Mo.


Article from The Morning News, September 2, 1893

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Three Banks to Reopen. Washington, Sept. 1.-The following national banks which recently suspended payment have to-day been permitted to reopen their doors for business: American National of Nashville, Tenn., First National Bank of Grundy Center, Ia., and First National Bank of Harrisonville, Mo.


Article from St. Paul Daily Globe, September 2, 1893

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A BETTER TONE. Good Supply of Money and Gold Still Coming. NEW YORK, Sept. 1.-Money is in decidedly better supply throughout the country. The rise in domestic exchange rates in New York, chiefly due to falling off in the supply of drafts pressing upon the market, shows none the less that the needs of interior consignors have been satisfied in other ways. At Chicago, where the banks have no loan certificates to liquidate, the easing of the money market progressed SO rapidly today that contracts for December wheat delivery broke with great violence, with the September price standing unchanged. There is. indeed, good reason for supposing that the $40,000,000 foreign gold imported during August has for the most part been sent West, where it is now at last restoring the monetary equlibrium. The steamer Germania, which arrived today, has on board £21,130 gold. The Augusta Victoria also has £90,000 gold. WASHINGTON. Sept. 1.-The following national banks which recently suspended payment have today been permitted to reopen their doors for business: American National, Nashville, Tenn.: First National of Grundy Center, Io.; First National of Harrisonville, Mo.


Article from The Sun, September 2, 1893

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Banks Resuming Business. WASHINGTON, Sept. 1.-The following national banks. which recently suspended payment. have to-day been permitted to reopen their doors for business: The American National Bank of Nashville. Tenn.: the First National Bank of Grundy Centre, Iowa, and the First National Bank of Harrisonville. Mo.


Article from The Weekly Union Times, September 8, 1893

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Banks Resuming Business. W ASHINGTON, D. C.-The following national binks which recently suspended payment have been permi ted to open their doors for business: The American National Bank, of Nashville, Tenn., the First National Bank, of Grundy Centre, Iowa, and the First National Bank, of Harrisonville, Missouri. DENVER, COL -The State National Bank, the last but one of the city's six national banks to suspend, opened its doors Thursday. The Commercial National will resume in a few days. Of the scores of national banks in Colorado which were compelled to close their doors a few weeks ago all have resumed save three, and it is said that they will again be doing business before the middle of the mouth. ECKELS IS HOPEFUL. CHICAGO, ILL.-James H. Eckels, Comptroller of the Currency, passed through Chicago on his way to Ottawa, III, where he will enjoy a two week's rest at his home. Mr. Eckels spoke very hopefully. He would not predict how long it would be before matters had resumed their normal condition, but the bottom had been reached, so far as the banks were concerned, and financial af fair were on the up grade. They are proposing to pension teachers in England.


Article from The Weekly Union Times, September 8, 1893

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Banks Resuming Business. WASHINGTON, D. C.-The following national banks which recently suspended payment have been permi ted to open their doors for business: The American National Bank, of Nashville, Tenn., the First National Bank, of Grundy Centre, Iowa, and the First National Bank, of Harrisonville, Missouri. DENVER, COL -The State National Bank, the last but one of the city's six national banks to suspend, opened its doors Thursday. The Commercial National will resume in a few days. Of the scores of national banks in Colorado which were compelled to close their doors a few weeks ago all have resumed save three, and it is said that they will again be doing business before the middle of the mouth. ECKELS IS HOPEFUL. CHICAGO, ILL.-Jamcs H. Eckels, Comptroller of the Currency, passed through Chicago on his way to Ottawa, III., where he will enjoy a two week's rest at his home. Mr. Eckels spoke very hopefully. He would not predict how long it would be before matters had resumed their normal condition, but the bottom had been reached, so far as, the banks were concerned, and financial af. fair were on the up grade. They are proposing to pension teachers in England.