10259. Mccoy Banking Company (Independence, MO)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 28, 1896
Location: Independence, Missouri (39.091, -94.416)

Metadata

Model: gpt-5-mini
Short Digest: 76400cb8

Response Measures

None

Description

Multiple contemporaneous newspaper reports (Dec 28–29, 1896) state the McCoy Banking Company of Independence, MO, went into voluntary liquidation, refused deposits and began paying depositors in full. There was explicitly no run. I infer 'state' bank from the 'Banking Company' name though charter type is not stated.

Events (1)

1. December 28, 1896 Suspension

Cause: Voluntary Liquidation
Cause Details: Directors voted voluntary liquidation because president William McCoy was too advanced in years (reported age 85) to continue management; board ordered winding up and began paying depositors in full.
Newspaper Excerpt: The McCoy Banking company, of Independence, Mo., went into voluntary liquidation today. The bank refused to receive deposits this morning and began paying its depositors in full.
Source: newspapers

Newspaper Articles (24)

1. December 29, 1896 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, December 29, 1896

Click image to open full size in new tab

Article Text

MORE BANKS BREAK TROUBLES OF CHICAGO AND THE NORTHWEST CONTINUE Atlas National Bank, of Chicago, Begins to Close up Its Affairs, Refusing Deposits a Paying Off Depositors, Partly as and Result of the Failure of the National of Bank of IHinois-Eckles is Hopeful Institution-Banks in Minneapolis of and the West Superior-Other Failures the Day. Dec. 29.-Partly as a Illinois result Chicago, failure of the eBank of beof the- week, the Atlas National Bank thus last paying off its depositors today, retirement gan the first step in the No marking that institution from business. as of were received and as fast deposits were checked up depositors taken accounts were paid in full and their books up. Atlas suffered heavily from the Na- the The occasioned by the closing of aggreruns Bank of Illinois, deposits withdrawn tional $900,000, having been of a gradgating This and the fact over last shrinkage week. of deposits extending the reual period of time, brought to a law a long of the institution down from figure, sources and it was decided to retire business. clearing house committee, at made the The of the officers of the bank, with a request investigation of its accounts, withand allowing the doors to close bank was out view loss to to the public, and To the expedite iifound to be solvent. creditors are SO far as the the aid quidation concerned, the committee pledged Chicago. Associated Banks of said of Vice-President the C. B. Farwell today: the depositors have been receive paid, I "After that the shareholders will if not dollar." a believe large percentage of their interest, every Atlas is a young Its The It was surbank. of December 17 showed profits a statement of $140,000, and undivided showed ulus $50,000. The statement also to of of $1,860,000, bills payable and disdeposits amount of $100,000, loans $820,000. the of $1,941,000 and cash to $3,500,000. counts The deposits six months ago amounted ECKLES HAS HÓPES. Washington, Dec. Eck- the said today that was enles National Bank of Chicago the inAtlas voluntary affair and that that tirely a he had received indicated payformation all the bank creditors one would could receive lose anyment in by full: the bank's that no liquidation, promptly. and that thing would be settled very the matter affairs had no details concerning naturally and He the last report of the state bank of affairs such a different this time showed the bank's condition at the presthat than it would throw no light finances. on Mr. state of the bank's the Atlas ent said the creditors of at once Bank Eckles would be paid the in Chicago full clearthrough advances in his by opinion. the stocking house, eventually and, would realize 100 they per had put in. holders cent, thus losing nothing on what GONE DOWN IN THE WRECK. III., Dec. 28.-William M. manu- and Batavia, Van Nortwick bankers and to the J. S. made an assignment Chicago. facturers, Trust company, of NaEquitable was brought on by the Atlas inThis bank closing. Their property out in full. tional terests are heavy and they will pay GIVES CHARITY A BLACK EYE. Dec. 29.-Chicago's fashiona- charity's Chicago, folks may not dance for evening ble at the Auditorium on the that sake of January 19, 1897. "I cannot say will be for the charity ball Smith, abandoned," the pians said Mrs. Orson committee. of the executive chairman true that business disturbances The "It is retarded our plans somewhat. the have will probably not be given on there ball once set, but we all hope those that denight be a ball. At any rate, suffer." will pendent will not be permitted to WEST SUPERIOR AGAIN. Wis., Dec. 29.-A special Su- to Milwaukee, Evening Wisconsin from West dothe says: The Bank of Superior, suspended perior, business at the East End, they ing on account of a run which of the retoday threatended on account made were failure. An assignment was who by cent the directors to Henry The S. Butler, bank had $25,000 has taken capital, possession. and $6,00 0surplus, which The largely tied up in investments. was was proportional deposit of $100,000 was big menace, and a slight influenced run a constant Saturday, which The deexperienced closing of the institution. and the are mostly in small amounts, liquidate posits bank expects to be able to decline the unless there is a continual $13,in assets. full The city of Superior has $30,000 in in the bank, making nearly week. lost 210 the city during the past West by Superior, Wis.. Dec. 28.-The toof Superior, which suspended and had Bank capitalized at $25,000. time $6,000 day, was surplus. Its deposits at this as usabout $100,000, and the city, $13,were is caught in the affair, for about in t 1885. $13,000. ual, The bank was organized MINNEAPOLIS FAILURE. Minn., Dec. 28.-The city, Minneapolis, a small concern of this payScandia, capital of $60,000, suspended of Bank with a this noon upon the advice Snyde ments President Examiner that he Kenyon. believes the creditors According will says be paid in full. resources eventually last report the bank had and t to the to $432,000. The time $300,amounting demand deposits amount to over the inaThe suspension is due to conbility 000. to realize on the securities, 1 sisting mostly of real estate. c JUST QUITTING BUSINESS. Kansas City, Dec. Independence, 28.-The McCoy Mo., fi Banking company, of liquidation today in

2. December 29, 1896 The Herald Los Angeles, CA

Article from The Herald, December 29, 1896

Click image to open full size in new tab

Article Text

COULDN'T SELL REAL ESTATE The Scandia Bank of Minneopolis Closes Its Doors Loss to Depositors, if any, Will be Trifling-Failures in Various Lines at Other Places. MINNEAPOLIS, Minn., Dec. 28.-The Scandia bank, a small bank of this city, with a capital of $60,000, suspended payment this noon on advice of Bank Examiner Kenyon. It is officially estimated that the liabilities of the institution will aggregate $300,000. The assets consist largely of real estate, and with a reasonable realization will net, it is thought, about that amount, possibly reaching $350,000. The institution had a share of the state funds, but the amount was only $3158. The recent failure of the Minnesota bank at St. Paul affected it to the extent of $1100. President Sund made the following statement: "The suspension is due entirely to our inability to realize on real estate.- In 1892 we were obliged to accept considerable in the form of security, and the price has steadily declined. I am in hopes that sufficient will be realized to pay every person concerned and may add that we are now of the hope that the institution will soon again be placed upon a working basis." Bank Examiner Kenyon said he was quite sure the loss of depositors would be trifling. He says there is every reason to believe that with ordinary success the assets will exceed all liabilities. The Scandia bank opened in October, 1893. There has been practically little change in the management since its inception. The stockholders include R. Sunde, R. B. Anderson of Madison and C. E. Vanderberg of this city. H. J. Kjessessvig was assistant cashier. General surprise was felt at the suspension, as it was known to be one of the most conservatively managed banks in the city. AT KANSAS CITY. KANSAS CITY, Dec. 28.-The McCoy Banking company of Independence, Mo., went into voluntary liquidation today. The reason given is that its president, William McCoy, is too advanced in years to manage its affairs any longer. AT CHICAGO CHICAGO, Dec. 28.-The Excelsior Machine and Belt Works company failed today. Liabilities and assets each about $40,000. A BROKER BROKEN SAN FRANCISCO, Dec. 28.-Herman Waterman, grain broker, is insolvent. His liabilities are $33,000, with practicaily no assets. Waterman is a member of the produce exchange and one of the oldest grain brokers in the city. THE NEWHALL DEBTS SAN FRANCISCO, Dec. 28.-Papers filed with the county clerk today show that H. M. Newall and company of this city hold a claim for $109,394 against A. T. Hatch, the orchardist, who was forced into insolvency two weeks ago. The indebtedness is represented by four promissory notes bearing date of September 20, 1895. The debt is secured by property which the insolvency court has found to be worth $54,460. The firm has been admitted as a creditor of the estate in insolvency to the amount of $54,934. A SOLID CONCERN CHICAGO, Dec. 28.-At the meeting of the directors of the Dime Savings bank which was held this afternoon, it was the opinion that the bank was In no danger and would weather the storm in great shape. No particular plan of action was decided upon and the bank will continue business as usual.

3. December 29, 1896 Birmingham State Herald Birmingham, AL

Article from Birmingham State Herald, December 29, 1896

Click image to open full size in new tab

Article Text

FINANCIAL. Macon, Ga., Dec. 28.-The wholesale whisky house of the Siecel & Wolff company has been closed under mortgages held by the Exchange bank of this city to the amount of $20,000. It is said the assets of the company will cover this indebtedness Mr. Siecel, the senior member of the firm charges Jake Wolff, the secretary and treasurer with being a defaulter. Wolff has been absent a week and cannot be located. The failure is due in part to this alleged shortage. Superior, Wis., Dec. 8.-Anticipating a run today the Bank of Superior did not open for business this morning. Henry S. Butler is assignee and has assumed charge of the Bank's affairs. The failure is due to poor business and heavy withdrawals since recent failures in St. Paul, Chicago and this city. The capital of this bank was $25,000 with surplus of $6,000. The deposits were nearly $100,000, including $13,210 of city funds. This makes nearly $30,000 of public funds tied up in a week. Officials of the bank say they will pay in full Minneapolis, Minn, Dec. 28.-The Scandia bank, of this city, closed its doors this afternoon. It was organized some fifteen years ago by Mons. Grinager, a prominent Scandinavian politician of this state who died in 1893. Its president is R. Sunde, who came to Minneapolis ter years ago from Wilmar, Minn., where he had made quite a fortune as a money lender. The last obtainable statement of the condition of the bank was made Oct. 6 last. It showed loans and discounts amounting to $189,288 and deposits aggregating $225,337 Its business has been almost wholly with Scandinavians. Marquette, Mich., Dec. 28.-Louis Grabower, the leading dry goods merchant of this city and having a large branch store at Baraga, failed this morning. His store being closed under foreclosure of chattel mortgages aggregating $22,000. No statement of assets and liabilities has yet been made. 1 Chicago, Dec. 28.-The Excelsior Machine and Boiler Works company, Western avenue and Sixteenth street, failed today. The company made an, assignment in the county court to the Equitable Trust company. The assets of the corporation are $40,000 and the liabilities are said to be about the same. The only cause assigned for the failure is hard times and business depression. The assignee took charge of the works. I Cincinati, Dec. 28.-George A. Grassell & Co., dry goods dealers. assigned today. They have been in business for twenty years. Assets $20,000; liabilities $30,000. VOLUNTARY LIQUIDATION. Kansas City, Mo., Dec. 28.-The McCoy Banking company, of Independence, Mo., went into voluntary liquidation today. The reason given is that its president, William McCoy, is too advanced in years to manage its affairs longer. The capital stock of the bank is $50,000. On August 10, when the last report was made it owed to its denositors $55.180

4. December 29, 1896 The Roanoke Daily Times Roanoke, VA

Article from The Roanoke Daily Times, December 29, 1896

Click image to open full size in new tab

Article Text

McKINLEY PROSPERITY. Some of Its Effects Are Very Disastrous. West Superior, Wis., Dec. 28.-The Bank of Superior. doing business at the East End. suspended to-day on account of a run with which they were threatened on account of the recent failures. The deposits are mostly in small amounts and the bank expects to be able to liquidate in full unless there is a continual declinein assets. A SMALL BANK GONE. Minneapolis, Minn., Dec. 28.-The Scandia Bank suspended to-day. It was one of the smallest banks of the city and was loaded with real estate upon which it could not realize. PRIVATE BANKERS FAIL. Batavia, III., Dec. 28.--William M. and J. S. Van Nortwick, bankers and manufacturers, made an assignment to the Equitable Trust Company of Chicago. This was brought about by the Atlas Bank closing. Their property interests are heavy and they will pay out in full. MILLS SHUT DOWN. Easton, Pa., Dec. 28.-The Lehigh Cotton Mills, of this city, shut down today and will probably remain idle indefinitely. The owners state that the mills might open about the first of May, 1897. THE TELLER_DISAPPEARS. Chicago, Dec. 28.-A special from St. Paul says: Leander Bourch, paying teller of the suspended Bank of Minnesota, has disappeared. There is a small discrepancy in his accounts. VOLUNTARY LIQUIDATION. Kansas City, Mo., Dec.28.-The McCoy Banking Company, of Independence, Mo., went into voluntary liquidation to day in compliance with an order made at a meeting of the board of directors held on December 23. The bank refused to receive deposits this morning and began paying its depositors in full.

5. December 29, 1896 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, December 29, 1896

Click image to open full size in new tab

Article Text

000, The Van Nortwick interests, aside from Batavia property, are largely in paper mills and manufacturing industries. Their last statement of assets, prepared a year ago, placed their wealth at $2,500.000. They own a business block, residence and two farms in Batayia township, the whole tract valued at $150,000; also the Western Paper Bag factories of Batavia and Kaukauna, the largest concerns of the kind in the world, with a daily output of 2,000,000 bags; also a strawboard mill at Batavia, unused. The paper mills at Appleton, Wis., are valued at $800,000. They own pine lands in Wisconsin, and have stock in the old Second National bank, of Aurora, the Aurora cotton mills and the Kaukauna and Appleton banks. They are the principal owners of the Appleton Manufacturing Company, of Geneva. The brothers own 464 shares in the Atlas National bank, of Chicago. Cashier W. L. Grimes, of the bank, when seen by a reporter declined to give a statement of the bank's assets and liabilfties, simply declaring that the depositors would be paid in full. The Van Nortwicks' assets, the said, were ample to meet all liabilities if the assignees took sufficient time to realize on the property. Suspension at Minneapolis. MINNEAPOLIS, Dec. 28.-The Scandia bank, a small bank of this city, with a capital of $60,000, suspended payment this noon upon advice of Bank Examiner Kenyon. It is officially estimated that the liabilities of the institution will aggregate $800,000. The assets consist largely of real estate, and with a reasonable realization will net, it is thought, about that amount, possibly reaching $350,000. The institution had a share of the state funds, but the amount was only $3,158. The recent failure of the Minnesota bank at St. Paul affected It to the extent of $1,100. President Sunde made the following statement: "The suspension is due entirely to our inability to realize on real estate. In 1892 we were obliged to accept considerable of this in the form of security, and the price has steadily declined. I am in hopes that sufficient will be realized to pay every person concerned, and I may add that we hope that the institution will soon again be placed upon a working basis." Bank Examiner Kenyon said he was quite sure hte loss to depositors would be trifling. He says there is every reason to believe that with ordinary success the assets will exceed all liabilities. The Scandia bank opened in October, 1883. There has been practically little change in the management since its inception. The stockholders include R. Sunde, R. B. Anderson, of Madison, and C. E. Vanderberg, of this city. H. J. Kjessesvig was assistant cashier. General surprise was felt at the suspension, as it was known to be one of the most conservatively managed banks in the city. Other Firms Stranded. WEST SUPERIOR, Wis., Dec. 28.-The Bank of Superior, doing business at the East End, suspended today. An assignment was made by the directors to Henry S. Butler, who has taken possession. The bank has $25,000 capital and $6,000 surplus, which is largely tied up in investments. A slight run Saturday caused the closing. Deposits are mostly small amounts. The officers of the bank expect to liquidate in full, unless there is & continual decline in assets. KANSAS CITY, Dec. 28.-The McCoy Banking Company, of Independence, Mo., went into voluntary liquidation today. The reason given is that Its president, William McCoy, is too advanced in years to manage tts affairs longer. LACONIA, N. H., Dec. 28.-The Laconta Car Company went into voluntary insolvency today. The liabilities are $617,000; assets, $407,000. BATAVIA, Ill., Dec. 28.-William M. & J. S. Van Nortwick, bankers and manufacturers, made an assignment to the Equitable Trust Company. of Chicago. This was brought on by the Atlas National bank closing. Their property interests are heavy. and they will pay out in full. CHICAGO, Dec. 28.-The Excelsior Machine & Bolt Works Company failed today. Liabilities and assets about $40,000. FORT WAYNE. Ind., Dec. 28.-The retall dry goods firm of A. Frank & Co. failed today. The firm's indebtedness to local creditors amounts to $70,000. There is also a heavy indebtedhess to Eastern creditors. CINCINNATI, Dec. 23.-Frank Duhme and Herman Duhme. Jr., trading in jewetry as the Duhme Company, have failed. The concern had issued stock since its organization four years ago amounting to $440,000. The assets and liabilities are not known. but the company's affairs are said to be badly involved.

6. December 29, 1896 Alexandria Gazette Alexandria, VA

Article from Alexandria Gazette, December 29, 1896

Click image to open full size in new tab

Article Text

THE BANKS IN TROUBLE-The Atlas National Bank of Chicago yesterday began paying offits depositors preparatory to retiring from business. This is partly a result of the recent failure of the National Bank of Illinois. The Dime Savings Bank of Chicago took advantage of the ninety-day withdrawal notice law and suspended payment. The Bank of Superior, at West Superior, Wis., suspended payment on account of a run with which it was threatened. The Scandia Bank of Minneapolis also suspended payment, being unable to realize on assets. The McCoy Banking Company, of Independence, Mo., want into voluntary dation yesterday. It is said that are of the Security Mortgage Texas, eastern The failure of a suspension The assets -tgages

7. December 29, 1896 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, December 29, 1896

Click image to open full size in new tab

Article Text

Kansas City Bank Closes. Kansas City, Dec. 28.-The McCoy Banking company, of Independence, Mo., went into voluntary liquidation today. The bank refused to receive deposits this morning and began paying its depositors in full. There was no run on the bank and the directors gave notice in the Independence newspapers asking depositors to come after their money. The reason given for the bank going out of business is that its president, William McCoy, is too advanced in years to manage its affairs longer. He is 85 years of age. The capital stock or the bank is $50,000. On August 10, when the last report was made, it owed to its depositors $55,180. Its outstanding loans amounted to $72,262.

8. December 29, 1896 The San Francisco Call San Francisco, CA

Article from The San Francisco Call, December 29, 1896

Click image to open full size in new tab

Article Text

A Missouri Bank Liquidated. KANSAS CITY, Mo. Dec. 28. - The McCoy banking company of Independence, Mo., went into voluntary liquidation to-day. The bank refused to receive deposits this morning and began paying its depositors in full. There was no run on the bank and the directors gave notice in the Independence newspapers asking depositors to come after their money. The reason given for the bank going out of business is that its president, William McCoy, is too advanced in years to manage its affairs longer. He is 85 years old. The capital stock of the bank is $50,000. On August 10, when the last repor: was made, it owed to its depositors $55.180. Its outstanding loans amounted to $72,262.

9. December 29, 1896 The Evening Tribune Pawtucket, RI

Article from The Evening Tribune, December 29, 1896

Click image to open full size in new tab

Article Text

BANKING FAILURES. The Dime Savings bank of Chicago yesterday suspended payments under the 90-day withdrawal notice allowed by state law. The bank is owned by the saine people who conducted the Atlas bank. which has also suspended. William M. and J. S. Van Nertwick, bankers and manufacturers at Batavia, Ills., mde an assignment yesterday. This was brought on by the Atlas National bank closing. Their property interests are heavy, and they will pay in full. The Scandia bank, a small concern of Minneapolis, with a capital of $60,000. suspended payment yesterday noon upon the advice of Bank Examiner Kenyon. President Sunday says that he believes that the creditors will eventually be paid in full. The McCoy banking company of Independence, Mo., went into voluntary liquidated yesterday, in compliance with an order made at a meeting of the board of directors held on Dec. 25. The bank refused to receive deposits and began paying depositors in full. The reason for the bank going out of business is that its president. William McCoy, is too advanced in years to manage its affairs longer. [Advertise you" wants in the TRIBUNE.

10. December 29, 1896 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, December 29, 1896

Click image to open full size in new tab

Article Text

VOLUNTARY LIQUIDATION. Two Banks Decide to Retire From Business. CHICAGO, Dec. 28.-Partly as a result of the failure of the National Bank of Illinois last week, the Atlas National bank began paying off its depositors today, this making the first step in the retirement of that institution from business. No deposits were received, and as fast as accounts were checked up depositors were paid in full and their books taken up. The Atlas suffered heavily from the run occasioned by the failure of the National Bank of Illinois, deposits aggregating $900,000 having been withdrawn last week. This and the fact that a gradual shrinkage of deposits, extending over a long period of time, brought the resources of the institution down to a low figure, and it was decided to retire from business. The clearing house committee, at the request of the officers of the bank, made an investigation of its accounts with a view to allowing the doors to close without loss to the public, and the bank was found to be solvent. To expedite liquidation, so far as the creditors are concerned, the committee pledged the aid of the associated banks of Chicago. The statement of Dec. 17 showed a surplus of $140,000 and undivided profits of $50,000. The statement also showed deposits of $1,860,000, bills payable to the amount of $100,000, loans and discounts of $1,941,000, and cash of $820,000. The deposits six months ago amounted to $3,500,000. Washington, Dec. 28.-Mr. Eckels said today that the creditors of the Atlas bank would be paid in full at onoe through advances by the Chicago clearing house, and, in his opinion, the stockholders eventually would realize 100 per cent, thus losing nothing on what they had put in. Kansas City, Dec. 28.-The McCoy Banking company, of Independence, Mo., went into voluntary liquidation today. The bank refused to receive deposits this morning and began paying its depositors in full. The reason given for the bank going out of business is that its president, William McCoy, is too advanced in years to manage its affairs longer. The capital stock of the bank is $50,000. The bank's deposits amount to about $55,000 and it has outstanding loans of $72,000.

11. December 29, 1896 San Antonio Daily Light San Antonio, TX

Article from San Antonio Daily Light, December 29, 1896

Click image to open full size in new tab

Article Text

FOREIGN AND DOMESTIC LATEST OFF THE WIRES FROM OVER THE WORLD. A Complete Epitome of the Day's Happenings, Briefed and Boiled Down, up to Time of Going to Press. Cat Springs, Austin county postoffice, robbed of $300 cash, besides registered letters. Cotton mills at Easton, Pa., shut down for an indefinite period of months. Spanish papers are remarking that the interference of America is perfectly logical. Austria is uneasy over the attitude of the United States toward Spain. Olney and the Spanish minister agree upon terms that congress will be asked to adopt looking to the intervention of this government to induce Cuba to accept Spain's proposed reforms. Neither Germany nor Great Britain have offered any advice to Spain as to the United States. Rates on California fruits are reduced to St. Louis. Adlai Stevenson officiates at the marriage of his. niece, Miss Julia Scott, at St. Louis. American Economic association is in session in Baltimore. Another armor plate factory in Pittsburg is coming into existence as a rival of Carnegie. Thermometer continues to register from 15 to 20 below zero on the Hudson. Venezuela is on hand and demands to see the full text of the treaty before signing. Columbia will be called down for detaining the American ship Colon for three weeks last spring. Treasury officials are not pleased with the poor results of attempts to prevent filibustering. Chicago and Northwestern lumbermen send committee to appear before the tariff framers. The identified victims at the Cahaba bridge number 22, one more will die. Two others are missing, but it is not positively known that they were on the train. Efforts will be made by the rice Growers' association for a higher tariff on that article. Edling of Omaha, is at Waxahatchie prosecuting a $15,000 damage suit against the Katy. Family and lot of cattle drowned in County Kerry, Ireland, by the sinking of a bog. Meeting held in the Mansion House, Dublin, to protect against her overtaxing to the tune of $13,750,000 annually. Mme. Stambuloff declares in court that the murders of her husband are on the government benches and that the miserable men arraigned in court are not guilty. Scandia bank, Minneapolis, suspends. Creditors will be paid in full in time. Comptroller Eckles thinks that the Atlas bank will pay all creditors in full. West Superior bank, Wis., goes under on account of a run. McCoy banking company, of Independence, Mo., stops receiving deposits and begins paying out in full to close business. The Daglish hardware house of Tyler, goes under. Listed debts $28,158. Bryan cannot speak at Indianapolis on Jackson's day on account of prior engagements. It is thought that 500 delegates will attend the monetary conference at Indianapolis. Platt announces that Choate will not be the next senator from New York. Stenson's dry goods house burned at Waco, loss $60,000. Special session of Chickasaw legislature called for Jaunary 5th. Sanquilly,- American- conspirator against Spain, sentenced for life by Civil court of Havana.

12. December 30, 1896 The Watchman and Southron Sumter, SC

Article from The Watchman and Southron, December 30, 1896

Click image to open full size in new tab

Article Text

The Lebigh cotton mills, of South Easton, Pa, has shut down with no prospect of a resumption of work The mill has been running nearly 100 years and this is the first shut down. The. McCoy Banking Co., of Independence, Mo., has gone into voluntary liquidation. A cold wave has swept over the North during the last few days and the thermometer has registered a temperature of 6 to 20 degrees below zero in many places. The bubonic plague still rages in Bombay, India, and the deaths already number thousands. Martial law is threatened. President-elect McKinley has declared bimself as favoring an international bi-metallic conference. A census of Atlanta recently cempleted shows the population to be 83,000. Fifty-thousand dollars have been appropriated by the Grant Monument association to pay the expenses of the dedication exercises to be held on April 27th. There were a dozen or more failures of mannfacturing and mercantile firms with large capital in the vicinity of Chicago yesterday.

13. December 30, 1896 The Watchman and Southron Sumter, SC

Click image to open full size in new tab

Article Text

The Lebigh cotton mills, of South Easton, Pa, has shut down with no prospect of a resumption of work The mill has been running nearly 100 years and this is the first shut down. The. McCoy Banking Co., of Independence, Mo., has gone into voluntary liquidation. A cold wave has swept over the North during the last few days and the thermometer has registered a temperature of 6 to 20 degrees below zero in many places. The bubonic plague still rages in Bombay, India, and the deaths already number thousands. Martial law is threatened. President-elest McKinley has declared bimself as favoring an international bi-metallic conference. A census of Atlanta recently cempleted shows the population to be 83,000. Fifty-thousand dollars have been appropriated by the Grant Monument association to pay the expenses of the dedication exercises to be held on April 27th. There were a dozen or more failures of mannfacturing and mercantile firms with large capital in the vicinity of Chicago yesterday.

14. December 31, 1896 River Falls Journal River Falls, WI

Article from River Falls Journal, December 31, 1896

Click image to open full size in new tab

Article Text

Several Banking Concerns Go to the Wall -A Recel er for Norton & Co. Chicago, Dec. 28.-Otto Wasmansdorff, of the banking firm of Wasmansdorff & He nemann, which failed here last Monday as a result of the collapse of the National Bank of Illinois, committed suicide at his home, 549 Cleveland avenue, Sunday morning by shooting himself in the right temple with a revolver. The constant worry and mental anxiety of the past week consequent upon the failure is believed to have been the cause. He had scareely slept during that time, and although it is generally believed that the bank will discharge its obligations in full Mr. Wasmansdorff saw that his standing in fin ncial circles had been imperiled. Chicago, Dec. 28.-The Atlas national bank of Chicago has decided to retire from business, and the clearing house committee, at a special meeting Sunday night decided that the associated banks of the city would advance the amount needed to pay its depositors in full. The amount required is in the neighborhood of $600,000. The bank will not receive any deposits from date. Checks on it will be settled through the clearing house as usual. The meeting was held at the home of Isaac G. Lombard, a member of the committee, about 11 o'clock Sunday night. The officers of the Atlas national are: President, W. C. D. Graunis; vice president, C. B. Farwell; cashier, S. W. Stone; assistant cashier, W. S. Tillotson. Chicago, Dec. 28.-Norton & Co., of Chicago and Lockport, III., millers and grain dealers, went into the hands of a receiver late Saturday afternoon. The affairs of the firm were in such shape that it was impossible to learn definitely what the assets and liabilities are. It was represented that the assets might approach $500,000, and it was stated that the liabilities were considerably under that figure. Norton & Co. have been known for 40 years through their operation of the Lockport mills. They added other enterprises to their early business, and in addition to their flouring mill they have grain elevators and an electric light plant at Lockport. They have also a large grocery store at Romeo, on the Illinois & Michigan canal, and in Chicago a large flouring establishment. The company also owns a paper mill at Niagara Falls and is largely interested in the water and electric power scheme at the falls. They have done a private banking business of enormous proportions in Lockport, and nearly half of the Lockport populace is directly interested through deposits. The business integrity of the company has never been questioned here, and the failure is a gloomy surprise. However, assurance is given that the embarrassment is only temporary. The company was caught deep by the failure of the National Bank of Illinois, and finding themselves thus unable to continue the operation of their extensive properties and meet the demands of depositors until they could realize from other sources a receiver was applied for as the most safe and equitable mode of adjusting the financial difficulties. Dallas, Tex., Dec. 28.-The board of directors of the Security Mortgage & Trust company, a local financial concern, has made application to Judge of the Fourteenth judicial district court, for the appointment of a receiver. The court appointed H. A. Kabler, for four years past the manager of the Security Mortgage & Trust company, as receiver. The liabilities of the company are approximately $2,000,000: assets, nominally the same, but they will not probably realize more than $1,000,000 in the market. The company has been doing business for nine years. Geneva, III., Dec. 29.-William M. and W. M. Van Nortwick, bankers at Batavia, III., made an assignment in the Kane county court here Monday evening. All their property, both in the Batavia bank and stock in the large corporations in which they are interested were turned over to the Equitable Trust company, of Chicago. There were three assignments in all. John S. and William M. assigned all their personal property and homes, and then assigned as firm. The failure was due to the liquidation of the Atlas national bank of Chicago, in which the Van Nortwicks were heavy stockholders. West Superior, Wis., Dec. 29. - The Bank of Superior, doing business at the east end, suspended on account of a run with which it was threatened after the recent failures. Kansas City, Mo., Dec. 29.-The McCoy Banking company of Independence went into voluntary liquidation Monday. The bank refused to receive deposits in the morning and began paying its depositors in full. There was no run on the bank, and the directors put an advertisement in the Independence newspapers asking depositors to come after their money. The reason given for the bank going out of business is that its president, William McCoy, is too advanced in years to manage its affairs longer. He is 85 years old. The capital stock of the bank is $50,000. On August 10, when the last report was made, it owed to its de positors $55,180. Its outstanding loans amounted to $72,262. Minneapolis, Minn., Dec. 29. - The Scandia bank suspended Monday. It was one of the smaller banks of the city and was loaded up with real estate on which it could not realize. Laconia, N. H., Dec. 29.-The Laconia Car company was forced into insolvency Monday. The total liabilities are placed at $617,000 and assets at $407,000. Greater New York.

15. December 31, 1896 The Austin Weekly Statesman Austin, TX

Article from The Austin Weekly Statesman, December 31, 1896

Click image to open full size in new tab

Article Text

WISCONSIN BANK FAILURE. West Superior, Wis., Dec. 28.-The Bank of Superior, doing business in the east end, suspended today on account of a run with which they were threatened on account of the recent failures. An assignment was made by the directors to Henry S. Butler. The bank had $25,000 capital stock and $6000 surplus, which was largely stied up in investments. The disproportionate deposits of $100,000 were a constant menace and a slight run was experienced Saturday, which influenced the closing of the institution. The deposits are mostly in small amounts and the bank expects to be able to liquidate in full, unless there is a continual decline in assets. The city of Superior had $13,210 in the bank, making nearly $30,000 lost by the city during the past week. MINNEAPOLIS BANK SUSPENDS. Minneapolis, Minn., Dec. 28.-The Scandia bank, a small concern of this city, with a capital stock of $60,000, sus'pended payment this noon on the advice of Bank Examiner Kenyon. President Sunde says that he believes that the creditors will eventually be paid in full. According to the last report, the bank has resources amounting to $437,000. The time and demand deposits amount to $300,000. The suspension is due to the inability to realize on the securities, consisting mostly of real estate. It is officially estimated that the liabilities of the institution will aggregate $300,000. The assets consist largely of real estate and with a reasonable realization will net, it is thought, above that amount, possibly reaching $350,000. The institution had a share of the state funds, but the amount was only $3158. The recent failure of the Minneapolis bank at St. Paul affected it to the extent of $1100. statement: President Sunde made the following The suspension is due entirely to our inability to realize on real estate. In 1892 we were obliged to accept considerable in the form of security and the price has been steadily declining. I am in hopes that sufficient will be realized to pay every person concerned and I may add we are not without hope that the institution will soon be placed on a working basis." General surprise was felt at the suspension as it was known to be one of the most conservatively managed in the city. VOLUNTARY LIQUIDATION. Kansas City, Mo., Dec. 28.-The McCoy Banking company of Independence, Mo., went into voluntary liquidation today in compliance with an order made at a meeting of the board of directors held on December 3. The bank refused to receive deposits this morning and began paying its depositors in full. The reason for the bank going out of business is that its president, William McCoy, is too advanced in years to manage its affairs longer. The capital stock of the bank is $50,000. The bank's deposits amount to about $55,000 and it has outstanding loans of $11,000.

16. December 31, 1896 Abilene Weekly Reflector Abilene, KS

Article from Abilene Weekly Reflector, December 31, 1896

Click image to open full size in new tab

Article Text

A Bank in Liquidation. INDEPENDENCE, Mo., Dec. 29.-The McCoy Banking Co. of this city went into voluntary liquidation to-day in compliance with an order made at a meeting of the board of directors. The bank refused to receive deposits this morning, and began paying its depositors in full. There was no run on the bank, and the directors put an advertisement in the newspapers asking depositors to come after their money. The bank was one of the oldest in Jackson county.

17. January 2, 1897 Red Lodge Picket Red Lodge, MT

Article from Red Lodge Picket, January 2, 1897

Click image to open full size in new tab

Article Text

BUSINESS FAILURES. BANK AND Atlas National of Chicago Goes Out of Business. Chicago Dec. 28.-The Atias National bank, which went out of business today, was involved in the affairs of MeadowCroft Bros. and the Central Trust and Savings bank, which assigned a year ago, cleared through the Atlas. The collateral the defunct bank had on deposit to secure its clearances was said to be ample, and President Grannis at the time said the Atlas National would not lose by the failure. W. A. Paulsen, who was president of the Central Trust and Savings bank, recently brought suit for $250,000 against the Atlas National, W. C. D. Grannis and Charles B. Farwell. The suit is based upon the trouble which Paulsen had with the bank at the time of the failure of the Central Trust and Savings concern. Paulsen alleged that although his bank had deposited in the Atlas National collateral sufficient to cover all claims against it, clearing facilities were refused, and the bank was forced to assign. The liabilities of the Atlas bank are about $2,800,000, the deposits being $1,800,000. Vice President C. B. Farwell said today: "After the depositors have been paid off I believe the shareholders will receive a large percentage of their interest, if not every dollar.' Savings Bank Protects Itself. Chicago, Dec. 28.-At the Dime Savings bank payments are suspended under the 90 day withdrawal notice clause granted in the statutes to savings banks. W. C. D. Grannis, president of the Atlas National, is vice president of the Dime Savings bank, and several directors of the Atlas National are also on the directory of the savings bank. Officials of the Atlas National vigorously denied that the Atlas liquidation in any way influenced the future course of the Dime Savings bank. At the latter persistent silence was maintained. A majority of the depositors have filed withdrawal notices. There was a steady stream today during banking hours. They were assured the issuing of the notice was no indication of inability to meet all demands for money, but simply means protection against violent flurries. Nearly all the depositors are laboring people. One at West Superior. West Superior, Wis., Dec. 28.--The Bank of Superior, doing business in the east end, suspended today. An assignment was made by the directors to Henry S. Butler. who has taken possession of the bank The bank has $25,000 capital and $6000 surplus, which is largely tied up in investments. The big proportion of the deposits, $100,000, was a constant menace A slight run Saturday caused the closing. The deposits are mostly small amounts. The officers of the bank expect to liquidate in full unless there is a continual decline in the assets. Laconia Car Company. Laconia, N. H., Dec. 28.-The Laconia Car company was petitioned into involuntary insolvency today. Liabilities, $617, 000; assets, $470,000. Comptroller Eckels' Views. Washington, Dec. 28.-Comptroller Eckels said today that the closing of the Atlas National bank at Chicago was entirely voluntary, and information he had received indicated that all the bank's creditors will receive payment in full, and the affairs will be settled promptly. Mr. Eckels said the creditors of the bank will be paid in full at once, through advances by the Chicago clearing house, and in his opinion the stockholders will eventually realize 100 per cent. Small One at Minneapolis. Minneapolis, Dec. S.-The Scandea bank suspended today. It was a small bank. and loaded up with real estate upon which it could not realize. Paying Teller Disappears. Chicago, Dec. 28.--A special from St. Paul says: Leander Bosch, paying teller of the suspended Bank of Minnesota, has disappeared. There is a small discrep ancy in his accounts. Into Voluntary Liquidation. Kansas City, Dec. 28.-The McCoy Bank ing company of Independence, Mo., went into voluntary liquidation today. The reason given is that its president, William McCoy, is too advanced in years to man age its affairs longer. At Batavia, Illinois. Batavia, Ill., Dec. -William M. and J. S. Van Nortwick, bankers and manufacturers, made an assignment to the Equitable Trust company of Chicago. This was brought on by the Atlas National bank closing. Their property interests are heavy, and they will pay out in full. Fort Wayne, Ind., Dec. 28.-The retail dry goods firm of M. Frank & Co. failed today. The firm's indebtedness to local creditors amounts to $70,000. There is also a heavy indebtedness to eastern credit ors.

18. January 2, 1897 The Diamond Drill Crystal Falls, MI

Article from The Diamond Drill, January 2, 1897

Click image to open full size in new tab

Article Text

Banks of Superior. Wis. West Superior, Wis., Dec. 20. - The Bank of Superior, doing business at the cast end. suspended on account of a run with which it was threatened after the recent failures. Another Voluntary Liquidation. Kansas City, Mo., Dec. 29.-The MeCoy Banking company of Independence went into voluntary liquidation Monday. The bank refused to receive deposits in the morning and began paying its depositors in full. There was no run on the bank. and the directors put an advertisement in the Independence newspapers asking depositors to come after their money. The reason given for the bank going out of business is that its president. William Mc-

19. January 2, 1897 The Diamond Drill Crystal Falls, MI

Click image to open full size in new tab

Article Text

William M. & J. S. Van Nortwick. bankers and manufacturers, made au assignment at Batavia, III., with liabilities of $2,000,000. At the opening day in Washington of the hearings before the ways and means committee in preparation for the framing of a tariff bill representatives of hundreds of millions of dollars made brief statements of their views. Eleven cracks in the bicycle world entered a six days'. eight hours a day. international bicycle contest in Washington. Statistics from 1,388 industrial establishments in 46 states show that 52,448 less hands were employed in those es. tablishments in 1896 than in 1892. and that $19,214,448 less was paid out in wages. Frank E. Clark, for 18 years editor of the Grayville (TII.) Independent. committed suicide by taking poison. No cause is known. The Scandis bank st Minneapolis suspended payments with liabilities of $300,000. Will Robinson (colored). who Allled sweetheart in a church in Pike counMo., was taken to the penitentiary for 102 years. The large furniture house of Julius Lansburg in Washington was destroyed by fire. the loss being $160,000. The McCoy Banking company of Independence, Mo., went into voluntary liquidation with liabilities of $125,000. The Bank of Superior at Superior, Wis., closed its doors with liabilities of $100,000. By the explosion of a lamp Gregor Kirchbaum and his wife were burned to death in their home at Johnston, R. 1. One thousand Chicago saloon keepers have been compelled during the last three months to retire from business because of hard times. The state of Iowa celebrated its 50th birthday. At Stamford, Conn., Mrs. Henry Ward Beecher fell and broke her hip and may be forced to use crutches for the rest of life. She is 84 years old. At the annual meeting in Chicago-of the Northwestern Traveling Men's association William H. Cribben was electpresident. The death payments for the year amounted to $169,400. Gov. R. M. Harris, of Indian territory, has called the legislature to meet in extraordinary session at Tishmingo January 5. Lane county, Kan., has formally been declared insolvent by the county commissioners. A new counterfeit ten dollar national bank note on the Union national bank of Detroit, Mich., is in circulation. One distinguishable feature is that the back of the note is upside down. It is announced that Gov. Bradley intends to resign the office of governor of Kentucky at an early date because of failing health. The wedding of Count Adam de Moltke Huitfeldt, of Denmark, and Miss Louise Eugenie Bonaparte, daughter of the widow of the late Jerome Bonaparte, took place in Washington. The People's Electric Light & Power company's plant at Newark, N. J., was burned, the loss being $175,000. The Columbia national bank in Minneapolis closed its doors with liabilities of $247,000, and the Washington bank, a state institution in the same city, also suspended. The Commercial national bank of Roanoke, Va., closed its doors with liabilities of $100,000. William W. Whaley and wife, living near Seaviersville, Tenn., were murdered in their home by unknown persons. Henry F. Strauss, aged 72, county clerk of Langlade county, Wis., commitsuicide at Antigo. He was a defaulter to the amount of $3,770. It is officially denied at the state department in Washington that Spain has consented to grant home rule to Cuba Edward Rosa shot and killed his sweetheart, Miss Mary Brehl, at the home of her sister, Mrs. Stewart, in Forest City, S. D., and then killed himself. Jealousy was the cause. The Farmers' Trust company at Sioux City, Ia., failed with liabilities of 000

20. January 7, 1897 Jamestown Weekly Alert Jamestown, ND

Article from Jamestown Weekly Alert, January 7, 1897

Click image to open full size in new tab

Article Text

Business Failures. SAN FRANCISCO, Cal. Jan. 2-Herman Waterman, one of the oldest and best known grain dealers in this city, has filed a petition in insolvency. His liabilities are $33,267; assets, $15,707. FORT WAYNE, Ind., Jan. 2-After a quarter of a century of business activity the dry goods firm of M. Frank & Co., executed a chattel mortgage in favor of Fort Wayne creditors to the extent of $35,500. The stock will invoice, it is eatimated, in the neighborhood of $60,000. SIOUX CITY, Iowa. Jan. 2-The White & Howe company, retail shoe dealers here failed. The assets are $25,000 and liabilities $16,386.23. BROOKLYN, N. Y. Jan. 2-The jewelry firm of C. C. Adams is insolvent and in the hands of a receiver. The firm 18 a West Virgina CC rpora. tion. The value of the firm's property in New York state is $43,000 and the outstanding indebtedness is claimed to be about $35,000. KANSAS CITY, Mo., Jan. 2.-The McCoy Banking company of Independence has gone into voluntary liquidation. The bank refused to receive deposits. There was no run on the bank, and the directors put an advertisement in the Independence newspapers asking depositore to come after their money. SHATTLE, Wash., Jan. 2.-B. E. Stetson & Post Sawmill company closed down its plant throwing seventy men out of employment. The overproduction of lumber, together with the recent failures of the eastern banks, which has affected a number of western lumber firms, caused the suspension. CINCINNATI, Jan. 2.-George F. Grassel & Co., dry goods dealere, assigned yesterday. They have been in business for twenty years. Assets $20,000; liabilities $30,000.

21. January 7, 1897 Warren Sheaf Warren, MN

Article from Warren Sheaf, January 7, 1897

Click image to open full size in new tab

Article Text

THE NEWS. Compiled From Late Dispatches. DOMESTIC. The visible supply of grain in the United States on the 28th was: Wheat, £21,443,000 bushels; corn, 18,893,000 bushels; oats, 13,476,000 bushels; rye, 996,000 bushels; barley, 4,875,000 bushels. William M. & J. S. Van Nortwick, bankers and manufacturers, made au assignment at Batavia, Ill., with liabilities of $2,000,000. At the opening day in Washington of the hearings before the ways and means committee in preparation for the framing of a tariff bill representatives of hundreds of millions of dollars made brief statements of their views. Eleven cracks in the bicycle world entered a six days', eight hours a day, international bicycle contest in Washington. Statistics from 1,388 industrial estabdishments in 46 states show that 52,448 less hands were employed in those establishments in 1896 than in 1892, and that $19,214,448 less was paid out in wages. Frank E. Clark, for 18 years editor of the Grayville (III.) Independent, committed suicide by taking poison. No cause is known. The Scandia bank at Minneapolis suspended payments with liabilities of $300,000. Will Robinson (colored), who killed his sweetheart in a church in Pike county, Mo., was taken to the penitentiary for 102 years. The large furniture house of Julius Lansburg in Washington was destroyed by fire, the loss being $160,000. The McCoy Banking company of Independence, Mo., went into voluntary ^liquidation with liabilities of $125,000. One thousand Chicago saloon keepers have been compelled during the last three months to retire from business because of hard times. The state of Iowa celebrated its 50th birthday. The Bank of Superior at Superior, Wis., closed its doors with liabilities of $100,000. By the explosion of a lamp Gregor Kirchbaum and his wife were burned to death in their home at Johnston, R.1 At Stamford, Conn., Mrs. Henry Ward Beecher fell and broke her hip and may be forced to use crutches for the rest of her life. She is 84 years old. Gov. R. M. Harris, of Indian territory, has called the legislature to meet in extraordinary session at Tishmingo January 5. At the annual meeting in Chicago of the Northwestern Traveling Men's association William H. Cribben was elected president. The death payments for the year amounted to $169,400. Lane county, Kan., has formally been declared insolvent by the county commissioners. A new counterfeit ten dollar national bank note on the Union national bank of Detroit, Mich., is in circulation. One distinguishable feature is that the back of the note is upside down. It is announced that Gov. Bradley inAends to resign the office of governor of Kentucky at an early date because of failing health. The wedding of Count Adam de Moltke Huitfeldt, of Denmark, and Miss Louise Eugenie Bonaparte, daughter of the widow of the late Jerome Bonaparte, took place in Washington. The People's Electric Light & Power company's plant at Newark, N. J., was burned, the loss being $175,000. The Columbia national bank in Minties neapolis of $247,000, closed its and doors the Washington with liabilibank, a state institution in the same city, also suspended. The Commercial national bank of Roanoke, Va., closed its doors with liabilities of $100,000. William W. Whaley and wife, living near Seaviersville, Tenn., were murdered in their home by unknown persons. Henry F. Strauss, aged 72, county clerk of Langlade county, Wis., committed suicide at Antigo. He was a defaulter to the amount of $3,770. It is officially denied at the state department in Washington that Spain has consented to grant home rule to Cuba. Edward Rosa shot and killed his sweetheart, Miss Mary Brehl, at the home of her sister, Mrs. Stewart, in Forest City, S. D., and then killed himself. Jealousy was the cause.

22. January 7, 1897 The Worthington Advance Worthington, MN

Article from The Worthington Advance, January 7, 1897

Click image to open full size in new tab

Article Text

The five children of Jacob Vogel, of Sandusky, 0., died in ten days from diphtheria, Two close friends, Charles A. Weyrich, aged 24, and Charles D. Carpenter, aged 29, ended their lives in the Planter's hotel in St. Louis by taking poison. No cause is known for the deed. Ex-Congressman Augustus W. Cutler died at his residence in Morristown, N. J., from the effects of a surgical operation, aged 61 years. Edward Wright (colored) was hanged at Wilmington, Del., for kiling Ida Crummel (colored), of whom he was jealous, on July 30, 1896. The production of precious metals in Colorado in 1896 was: Gold, $16,500,000; silver, $12,058,000. In Utah the production was: Gold, 93,896 fine ounces; silver, 8,728,705 fine ounces. Helen M. Gougar, of Indiana, the pioneer champion of prohibition and universal suffrage, and a member of the central committee of the national prohibition party, has been expelled from that committee. At the capitol in Lansing Hazen S. Pingree was inaugurated governor of Michigan. Frank S. Black was inaugurated at Albany as governor of New York. A cyclone struck and almost literally demolished the town of Mooringsport, I.a., and killed the four children of Jesse Goodman. Many other persons were injured, some fatally. The Fiftieth general assembly of Tennessee convened at Nashville for a session to last 75 days. A Missouri Pacific freight train ran into a landslide near New Haven, Mo., killing Engineer Homar Evans, Fireman Henry Horkup and Brakeman J. E. McQueen. The State savings bank at Whitehall, Mich., closed its doors with liabilities of $100,000. William A. Hammond, aged 45 years. second vice president of the National Bank of Illinois, that failed recently in Chicago, committed suicide by drowning himself in Lake Michigan. The Citizens' national bank at Fargo, N.D., suspended payment. The total government receipts during December were $25,857,114, and the expenditures $23,812,664, which leaves a surplus for the month of $2,044,450. For the six months of the fiscal year a deficit is shown of $87,902,397. The monthly statement issued by the comptroller of the currency shows the amount of national bank notes outstanding at the end of the year to have been $235,576,381, an increase for December of $264,278, and for the 12 months of $21,948,560. The Omaha (Neb.) savings bank closed its doors with liabilities of $850,000; assets, $1,000,000. Sixteen men perished in the wrecking of the filibustering steamer Commodore, which was sunk about 20 miles off New Smyrna. A fire which started in Lebeck's dry goods store in Nashville, Tenn., destroyed ten buildings, the total loss being $400,000. The public debt statement issued on the 2d showed that the debt decreased $2,839,577 during the month of December. The cash balance in the treasury was $853,463,551. The total debt, less the cash balance in the treasury, amounts to $1,221,249,961. At the close of the six-day international bicycle race in Washington the score stood as follows: Waller, 874 miles 5 laps; Maddox, 874 miles 3 laps; Ashinger, 873 miles 7 laps; Lawson, 871 miles 10 laps; Hunter, 871 miles 10 laps; Forster, 870 miles 10 laps. The visible supply of grain in the United States on the 28th was: Wheat, 521,443,000 bushels; corn, 18,893,000 bushels; oats, 13,476,000 bushels; rye, 996,000 bushels; barley, 4,875,000 bushels. One thousand Chicago saloon keepers have been compelled during the last three months to retire from business because of hard times. Frank E. Clark, for 18 years editor of the Grayville (III.) Independent, committed suicide by taking poison. No cause is known. The Bank of Superior at Superior, Wis., closed its doors with liabilities of $100,000. By the explosion of a lamp Gregor Kirchbaum and his wife were burned to death in their home at Johnston, R.1. At Stamford, Conn., Mrs. Henry Ward Beecher fell and broke her hip and may be forced to use crutches for the rest of ber life. She is 84 years old. Will Robinson (colored), who killed his sweetheart in a church in Pike county, Mo., was taken to the penitentiary for 102 years. The large furniture house of Julius Lansburg in Washington was destroyed by fire, the loss being $160,000. The McCoy Banking company of Independence, Mo., went into voluntary liquidation with liabilities of $125.000. PERSONAL AND POLITICAL. Lansing W. Bancker, who enjoyed the distinction of being the oldest living clown except Dan Rice, died in Philadelphia, aged 75 years.

23. January 9, 1897 The L'anse Sentinel L'anse, MI

Article from The L'anse Sentinel, January 9, 1897

Click image to open full size in new tab

Article Text

The News Condensed. Important Intelligence From All Parts. DOMESTIC. The visible supply of grain in the United States on the 28th was: Wheat, 521,443,000 bushels; corn, 18,893,000 bushels; oats, 13,476,000 bushels; rye, -usnq 48875000 barley Isreqsnq 000'966 els. William M. & J. S. Van Nortwick, bankers and manufacturers, made an assignment at Batavia, Ill., with liabilities of $2,000,000. At the opening day in Washington of the hearings before the ways and means committee in preparation for the framing of a tariff bill representatives of hundreds of millions of dollars made brief statements of their views. Eleven cracks in the bicycle world entered a six days', eight hours a day, international bicycle contest in Washington. Statistics from 1,388 industrial establishments in 46 states show that 52,448 less hands were employed in those establishments in 1896 than in 1892, and that $19,214,448 less was paid out in wages. Frank E. Clark. for 18 years editor of the Grayville (III.) Independent, committed suicide by taking poison. No cause is known. The Scandia bank at Minneapolis suspended payments with liabilities of $300,000. Will Robinson (colored), who killed his sweetheart in a church in Pike county, Mo., was taken to the penitentiary for 102 years. The large furniture house of Julius Lansburg in Washington was destroyed by fire, the loss being $160,000. The McCoy Banking company of Independence, Mo., went into voluntary liquidation with liabilities of $125,000. One thousand Chicago saloon keepers have been compelled during the last three months to retire from business because of hard times. The state of Iowa celebrated its 50th birthday. The Bank of Superior at Superior, Wis., closed its doors with liabilities of *000'00I$ By the explosion of a lamp Gregor Kirchbaum and his wife were burned to death in their home at Johnston, R.1. At Stamford, Conn., Mrs. Henry Ward Beecher fell and broke her hip and may be forced to use crutches for the rest of ber life. She is 84 years old. Gov. R. M. Harris, of Indian territory, has called the legislature to meet in extraordinary session at Tishmingo Jan'G Area At the annual meeting in Chicago of the Northwestern Traveling Men's association William H. Cribben was elected president. The death payments for the year amounted to $169,400. Lane county, Kan., has formally been declared insolvent by the county commissioners. A new counterfeit ten dollar national bank note on the Union national bank of Detroit, Mich., is in circulation. One distinguishable feature is that the back of the note is upside down. It is announced that Gov. Bradley intends to resign the office of governor of Kentucky at an early date because of failing health. The wedding of Count Adam de Moltke Huitfeldt, of Denmark, and Miss Louise Eugenie Bonaparte, daughter of the widow of the late Jerome Bonaparte, fook place in Washington. The People's Electric Light & Power SUM "f 'N Newark 18 plant s,Suuduos burned, the loss being $175,000. The Columbia national bank in Minneapolis closed its doors with liabilities of $247,000, and the Washington bank, a state institution in the same city, also suspended. The Commercial national bank of Rounoke, Va., closed its doors with liabilities of $100,000. William W. Whaley and wife, living near Seaviersville, Tenn., were murdered in their home by unknown per'suos Henry F. Strauss, aged 72. county clerk of Langlade county, Wis., committed suicide at Antigo. He was a defaulter to the amount of $3,770.

24. March 20, 1897 Blackfoot News Blackfoot, ID

Article from Blackfoot News, March 20, 1897

Click image to open full size in new tab

Article Text

Goldbug Good Times. D. J. Bear, of Richmond, Va., jeweler, failed here Monday for $15,000. The Security, Mortgage and Trust Company of Dallas, Tex., has failed. Phelps & Co., grain brokers of Salt Lake City, have failed with liabilities of $10,000. The McCoy Banking Company of Independence, Mo., has gone into voluntary liquidation. The Bank of West Superior, Wisconsin, capital $50,000 and $50,000 surplus, has suspended operations. The Columbus and Hocking Valley Coal and Iron Company has passed into the hands of a receiver. The Scandia Bank, of Minneapolis, Minn., with a capital of $60,000, has suspended payments. The Laconia Car company of Laconia, N. H., has been petitioned into an involuntary insolvency. Chicago's charity ball is likely to be postponed on account of the financial and business troubles there. The Parsons-Pelletier Dry Goods company, one of the largest houses of the kind in Sioux City, Iowa, have failed. White & Howe company of Sloux City, Iowa, shoe dealers, have assigned Creditors are mostly eastern shoe firms. The American Banking and Trust company of Auburn, Me., has closed its doors and made application for a receiver. The Excelsior Machine and Boiler Works company of Chicago failed Monday. Assets and liabilities each about $40,000. Dallas Wightman, a cloak manufacturer of Rochester, N. Y., has assigned. Assets between $20,000 and $25,000; d liabilities $15,000. Solomon Sales of New York, wholeet sale and retail dealer in meats and proa visions, has assigned to Charles A. Hess without preferences. The Calumet State Bank at Blue S Island, III., has failed. A statement $ was filed, showing that the assets are $87,069 and the liabilities $68,000. J. J. Wright & Stokes of Richmond, Va., manufacturers of harness, have d assigned for $18,000. Mr. Stokes made t a personal assignment for $16,000. el The large retail dry goods store of M. Frank & Co. of Fort Wayne, Ind. e was placed in the hands of Benjamin di Rothschild as receiver Monday. a One hundred and fifty men employed by the Georgetown Boot and Shoe comf pany are on strike in Haverhill, Mass. e against a reduction of wages. The Dime Savings bank of Chicago e has suspended payments under the g ninety day withdrawal notice clause e granted in the statutes to saving banks.