10317. Franklin Savings Bank (Kansas City, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
July 14, 1893
Location
Kansas City, Missouri (39.100, -94.579)

Metadata

Model
gpt-5-mini
Short Digest
8a8ff1c7

Response Measures

None

Description

The Franklin Savings Bank of Kansas City made an assignment for the benefit of creditors (i.e., suspended/closed) the evening of July 14, 1893, as a direct consequence of the failure/suspension of the National Bank of Kansas City which held its clearing/cash reserves. Articles report an assignment/closure rather than a temporary run or later reopening.

Events (1)

1. July 14, 1893 Suspension
Cause
Correspondent
Cause Details
Closed and made an assignment because its cash reserve/clearing was tied up in the failure/suspension of the National Bank of Kansas City (the Franklin cleared through the Kansas City National).
Newspaper Excerpt
the Franklin Savings bank will to-day make an assignment
Source
newspapers

Newspaper Articles (11)

Article from Grand Rapids Herald, July 15, 1893

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KANSAS CITY CRASH. A National Bank Suspends Five Minutes Before Closing Time. KANSAS CITY, July 14. The National bank of Kansas City, at the southeast corner of Fifth and Delaware streets, suspended payment at 2:55 o'clock this afternoon and is now in the hands of the comptroller of the currency. The assets, President J. .S. Chick said this afternoon. will be between two and three million dollars and the liabilities between $800,000 and $1,000,000. He in confident that the depositors will be paid dollar for dollar. Five minutes before the usual closing time this afternoon Cashier W. J. Anderson sent a telegram to Comptroller Eckela at Washington that the bank had suspended payment and asking him to take charge. A few minutes later the following notice was posted on the doors: "This bank has suspended pay ment and is in the hands of the comp troller of the currency." "I do not see how the depositors can lose a penny." President Chick said. "Our deposits at one time were about #4,000,000, but they have been drawn RO that they are now between $800,000 and $1,000,000 I cannot tell what our assets are exactly, but they are between two and three million. They are largely in mercantile and bank loans," The National bank of Kansas City had a capital stock of $1,000,000 At its last statement, on May 4. it had * our plus fund of $200,000, and undistributed profite of $24,000.24 its circulation in national bank notes was $45,000, will h was secured by $50,000 in United States bonds It has outstanding loans of about $3,500,000. It is announced tonight that as a re suit at the failure of the National bank of Kansas City the Franklin Savings bank will Inmorrow tanke an assign ment The National bank held the cash reserve of the emailer institution and was clealy allied in other respects The assets are about $45,000 James Scan mon in president of the bank


Article from Richmond Dispatch, July 15, 1893

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Telegrams Made Terse. Vice-President Stevenson and party are rived at Los Angeles, Cal., yesterday. Advices from Warsaw, Poland. state that the expulsion of the Jews is continued see cretly. The National Bank, of Kaneas City. Mo. has closed its doors. Liabilities estimated at $1,000,000. The Comptroller of the currency has appointed J. B. Anderson receiver of the Gulf National Bank of Tampa, Fls. The Mercantile Bank. of Memphia, Teun., yesterday withdrew from the Memphis Clearing-House Association. Jules Aldige, one of the wealthiest eith zens of New Orleans and largely identified with cotton-seed oil mills, died in Paris yesterday. The British House of Commons has agreed to an address of congratulation to be presented to the Queen upon the recent marriage of the Duke of York and Princess May. The new United States cruiser Detroit, in tow, left the Columbian Iron-Works Baltimore, yesterday for the Norfoiknavi. yard, where she will receive her arma. ment. It is announced that as a result of the failure yesterday of the National Bank of Kansas City, Mo., the Frankifh Savings Bank of the same town will to-day make an assignment. The assets areabout $15,000. The reports from the Bavarian parlia. mentary elections show that seventy-three Clericals, sixty-eight Liberals, three Con. servatives, seven members of the Peasants' League, five Social Democrats, and one Democrat have been returned. The Grand Duke Michael, uncle of the Czar. has persuaded the Czar to postpone indefinitely the expulsion of Jews from the Caucasus. The Grand Duke is under stood to be strongly opposed to the whole anti-Semitic policy of the Russian government. Two of those wounded in the West. Shore wreck at Newburg, N. Y., died Thursday night-Julia Michel, of Brook. lyn, whose skull and thigh were fractured, and Charles E. Sistare, of New London, Conn., who suffered from fractured ribs and internal injuries. The Interstate Commerce Commission yesterday confirmed the report from Tacoma, Wash., that President Van, horn. of the Canadian Pacific Hailread Company, and several local agents of the road bad been indicted by the grand jury for violations of the interstate commerce act in making secret cut-rates for passongers.


Article from The Daily Morning Astorian, July 15, 1893

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SESPENDED) PATAINT Withdrawal of Deposits Proves Too Much for a Kansas City Pank. Kansas City, July 14.-The National Bank of Kansas City suspended payment this afternoon and is now in the hands of the comptroller of currency. The assets, President J. S. Chick said, will be between $2,000,000 and $3,000,000, and the liabilities between $800,000 and $1,000,000. He is confident that the depositors will be paid dollar for dollar. President Chick said the suspension was due to the steady withdrawal of deposits since the beginning of the financial stringency. "We began to lose deposits early in May," he said, "and the demand on us went along until the failure of the savings bank iast Tuesday, and every day since then the withdrawal of deposits has 'been heavier. We thought we could get through today, but we were forced to quit just five minutes before the usual time. Last night we asked the clearing house for help, and that fact was telegraphed to the creditors and depositors out of town and caused the run to be heavier. We asked for ample aid from the clearing house and (l.is moraling we received $35,000. Orders for cur oney came in so heavily, however, that we could not possibly fill them." The National Bank of Kansas City had a capital stock of $1,000,000, and the last statement, on May 4th, showed a surplus fund of $200,000 and undivided profits of $24,660. It has outstanding loans of about $3,500,000. As a result of the failure of the National Bank today the Franklin Savings Bank this evening made an assignment for the benefit of its creditors. The latter bank cleared through the Kansas City National, and considerable of its money was tied up in the latter's failure. The bank carried deposits amounting only to $50,000, and the assets are considerably in exces of that sum.


Article from The Seattle Post-Intelligencer, July 15, 1893

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tween $2,000,000 and $3,000,000 and the liabilities between $800,000 and $1,000,000. He is confident depositors will be paid dollar for dollar. The bank had a capital stock of $1,000,000. The last statement, on May 4. showed a surplus fund of $200,000 and undivided profits of $54,660. It has outstanding loans of about $3,500,000. The Franklin Savings bank assigned this evening as a result of the suspension of the National bank of Kansas City with which it had close relations. There was only $50,000 of deposits.


Article from The Herald, July 15, 1893

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IN CHARGE OF THE COMPTROLLER The National Bank of Kansas City Suspends. A Steady Run by Depositors Caused the Collapse. The Franklin Savings Bank of the Same City Also Closes Doors-A Big Hotel Failure at Denver. Financial News. By the Associated Press.] KANSAS CITY, Mo., July 14.-The National bank of Kansas City suspended payment this afternoon, and is now in the hands of the comptroller of the currency. The assets President J. S. Chick said will be between $2,000,000 and $2,750,000, and the liabilities between $800,000 and $1,000,000. He is confident the depositors will .be paid dollar for dollar. President Chick said the suspension was due to the steady withdrawal of deposits since the beginning of the financial stringency. to lose deposits early in he eaid. on us May," "We began "The demand went along until the failure of the Savings bank, last Tuesday, and every day since then withdrawals of deposits have been heavier. We thought we could get through today, but we were forced to quit just five minutes before the usual time. Last night we asked the elearing house for help, and that fact was telegraphed to creditors and depositors out and caused the run to be heavfor ier. clearing of town, We asked house, and ample this aid morning from the we received $35,000. Orders for currency came in so heavily, however, that we could not possibly fill them." The National Bank of Kaneas City had a capital stock of $1,000,000. The last statement on May 4th showed a surplus fund of $200,000 and undivided profite of $24,000. It has outstanding loans of about $5,000,000. Four of the other national banks in the city publish tonight reports of their condition at the close of business May 12th, land all of them) being exceptionally favorable, are expected to allay in a great measure the uneasiness caused by today's failure. As the result of the failure of the National bank of Kansas City, today, the Franklin Savings bank this evening made an assignment for the benefit of its creditors. The laster bank cleared through the Kansas City National and considerable of its money is tied up in the latter failure. The bank carried a line of deposits amounting now only to $50,000; the assets are considerably in excess of that sum.


Article from The Morning Call, July 15, 1893

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Failure of the Kansas City National. IS WAITE DISCREDITED. A Denver Banker Passes Some Severe Strictures on the Silver Alarmists of Colorado. Special to THE MORNING CALL KANSAS CITY. July 14.-The National Bank of Kansas City suspended payment this afternoon and is now in the hands of the Comptroller of the Currency. The assets, according to President Chick. are between $2,000,000 and $3,000,000. while the liabilities are between $800,000 and $1,000,000. Chick is confident the depositors will be paid dollar for dollar. He said the suspension was due to the steady withdrawal of deposits since the beginning of the financial stringency. "We began to lose deposits early in May," he said. "The demands on us went along quietly but steadily until the failure of the savings bank last Tuesday, and every day since then the withdrawals of deposits have been heavier. We thought we could get through to-day, but we were forced to quit just five minutes before the usual time. Last night we asked the Clearing-house to help us. and that fact was telegraphed to our creditors and depositors out of town and caused the run to be heavier. We asked for ample aid from the Clearing-house, and this morning we received $35,000. Orders for currency came in so heavily, however, that we could not possibly fill them." The National Bank of Kansas City had a capital stock of $1,000,000. The last statement made on May 4 showed a surplus fund of $200,000 and undivided profits of $24,660. It has outstanding loans of about $3,500,000. Four of the other National Banks in the city publish to-night reports of their condition at the close of business July 14, and all of them being exceptionally favorable, they are expected to allay in a great measure the uneasiness caused by to-day's failure. As a result of the failure of the National Bank the Franklin Savings Bank this evening made an assignment for the benefit of creditors. The latter bank cleared through the Kansas City National, and considerable of its money is tied up in the latter's failure. The bank carried a line of deposits amounting now to only $50,000. The assets are considerably in excess of that sum. DENVER, July 4-This afternoon W. H. Rush and N. M. Tabor, lessees of the Brown Palace Hotel, made an assignment. Their liabilities are placed at $650,000 and the assets at $2,222,000. The assets consist principally of real estate, hotel furniture and bills due. The failure includes the furniture of the Hotel Metropole, the Tabor-Pierce Lumber Company and $531,000 of the stock of the Windsor Farm Company, held by Mr. Bush. It is believed the assets will be materially decreased before liquidation is effected. The failure will in no way affect the Brown Palace building, which will not be closed. MEADVILLE, Tenn., July 14.-S. T. Dick of the banking firm of J. R. Dick & Co. committed suicide this morning. A heavy run on the bank yesterday is the cause. Dick had been in ill health some time. A meeting of friends of the firm was held to-day. The situation was thoroughly canvassed, and it was given out after the conference that the bank was solvent and abundantiy able to pay all depositors. PLYMOUTH, July 14.-Buck & Towne, bankers and hardware men, have failed. They promise to pay in full. CHICAGO, July 14.-A Record special from Ishpeming, Mich., says: "It is learned at midnight that the Schlesinger syndicate, the largest operators in ore in the world, have failed, with millions of liabilities. It is not possible to get any details to-night, but it is rumored that there will be developments that will cause a sensation."


Article from The Sun, July 16, 1893

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THE KANSAS CITY SCARE. A BANKING COMPANY AND A SAVINGS BANK CLOSE. The National Bank Failure Starts n RunCrowds Upon the Streets-Banks Pull Through-Reports of Their Condition. KANSAR CITY. July 15.-This was the most critical day in the banking history of Kansas City. Runs were made on all the banks. The Northrup Banking Company and the Franklin Saving Bank closed their doors on account of the failure of the National Bank of Kansas City yesterday afternoon. The bankers opened their dooré this morning expecting runs of more or less consequence. The banks were prepared as well as could be expected to withstand any attack. As soon as the doors of the Bank of Commerce. the Missouri National. the Metropolitan. the Union National. and the Midland were thrown open the people began to collect about them. and many drew out their deposits. The Ferd Heim. Brewing Company dumped $33,000 at the receiving window in the Missouri National Bank as its daily deposit. and a better feeling spread among the assembled depositors. Atthe windows of this bank hung the sign: This bank will be open until 12 o'clock tonight. "D. V. RIEBER. President." Ninth and Delaware streets, the moneyed thoroughfares of the city. were lively places. Each was thronged. The crowds began gathering about 8:30 o'clock. and so steadily increased that the force of policemen was doubled. The officers kept the people moving. The Northrup Bank. which failed this morning for half a million dollars. was founded by Hiram Northrup and Joseph S. Chick. President of the National Bank of Kansas City. in the year 1857. It has always been regarded as a solid concern. and until the death of its President and founder. a few months ago. its depositors never had a thought of its failing. The eight national banks of the city have just completed statements of their condition at the close of business last Wednesday, in response to a call from the Comptroller of the Currency. They show that the banks have total deposits to the amount of $11.789.597. and cash on hand $4,426,105. or a little over 37.5 per cent. of the deposits in actual cash in the vaults. despite a long-continued withdrawal of deposits. If to the cash on hand is added assets immediately available in the form of demand loans and United States and State bonds, the total reserve is swelled to 47 per cent. of the deposite. This is considered by financial men to be an exceedingly good showing when 25 per cent. of the deposits is supposed to be sufficient to be kept on hand. Large amounts of Government. State. and. municipal bonds also are held by the banks. Concerning the condition of the National Bank of Kansas City President Chick says: Our assets will approximate $4,000,000. They consist of $3,000,000 in commercial. mercantile. and bank loans and nearly $1,000,000 worth of property. on May 1 we had a reserve fund of about $1,500,000. but soon after that time the withdrawal of deposits began and has continued ever since. increasing day by day. Since May 1 over $2,000,000 have been drawn out. and on the day that the Kansas City Safe Deposit and Savings Bank suspended we stood a drain of about $150,000. Lately we have paid out on an average $100,000 a day. and we did all that was possible to avert the crisis which we saw approaching. Thursday afternoon the bank appealed to the Clearing House for assistance. The sum asked for approximated $1,000,000. and the Clearing House responded with $35,000." It is believed that Monday will find a better feeling and no new failures.


Article from Warren Sheaf, July 20, 1893

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been masquerading as Frank Blunt. Her arrest at Milwaukee revealed her identity. GEORGE SHIRLEY, engineer, and Brakeman Brookbank were mortally wounded in a freight wreck at Henryville, Ind. TILLIE WILLIAMS. Otto Reineck and Annie Watson, a noted Chicago gang 01 thieves, were sentenced at Denver to ten years each in the penitentiary. WILLIAM SHANNON and Thomas Craig, two well-known explorers, were drowned by the capsizing of their boat in Rainy lake, Minnesota. THE Indianapolis servant of the Koes ters, Anna Wagner, has been indicted for poisoning five of the family. AT the age of 110 years James McCormick died at Darwin, Ill. THE sudden death of Gen. W. H. Enochs, congressman from the Tenth district of Ohio, occurred at his home in Ironton. THE doors of the Nebraska savings bank at Lincoln were closed with liabilities of $100,000. J. K. ARMSTRONG, of Tipton, O., county treasurer, was said to be short $25,0000 in his accounts. FLAMES nearly wiped out the business section of Luckey, O., the loss being $100,000. IN session at Nashville, Tenn., the National Retail Clerks' union decided to make Chicago their permanent headquarters and elected F. P. Fitzwilliams of Nashville. as president. IN Detroit H. C. Meyer was arrested, charged with poisoning no less than five young women-each of whom he represented as his wife-and one man, for the purpose of securing life insurance which he had taken out on their lives. IN Chicago six deaths from sunstroke and a large number of serious cases of prostration were reported on the 14th. AT Tacoma, Wash., the United States grand jury indicted President Van Horne, of the Canadian Pacific railroad, and all the other leading officials for violating the interstate commerce law. ,IN a railway wreck at Vincennes, Ind., five Knights of Pythias were injured. one of them fatally. JOHN H. CHAPMAN, of Chicago, was reelected president at the annual meeting in Indianapolis of the Baptist Young People's Union of America. N. M. TABOR and W. H. Bush, lessees of the Brown Palace hotel in Denver, made an assignment with liabilities placed at $650,000. THE local directory of the World's Columbian exposition by a vote of 24 to 4 passed resolutions rescinding the action of the meeting of May 16 and ordered the gates closed on all Sundays after the 16th By a cyclone which passed over Stillwater, Minn., and vicinity two persons were killed, over a dozen injured and much property destroyed. DURING a battle with French gunboats on the Meinam river twenty Siamese were killed and fourteen wounded. HAY & WEBB'S bank at Carmi, III., made a general assignment with liabilities of $176,000 and assets of $216,000. THE world's fair auditor in his report shows that the total receipts of the exposition up to June 30 were $21,251,316 and total expenses were $20,610,160. MARY SCHIREBER, aged 5, and Annie Geary, aged 18, were burned to death at their home in Port Clinton, O., by an explosion of gasoline. YOUNG-MAN-AFRAID-OF-His-HORSES the head chief of the Sioux nation of Indians, dropped dead at Newcastle, Wyo. THE Schleisinger syndicate at Ishpeming, Mich., the largest operators in ore in the world, weresaid to have failed with millions of liabilities. IN Wyoming an army of crickets was devastating every sort of vegetation. THE doors of the national bank of Kansas City, Mo., were closed with liabilitics of $1,000,000 and assets of $3,000,000. The failure caused the Franklin savings bank of the saine city to suspend. FOREIGN INTELLIGENCE. IN Mecca hundreds were dying daily


Article from The Worthington Advance, July 20, 1893

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freight wreck at Henry. ville, Ind TILLIE WILLIAMS Otto Reineek and Annie Watson, a noted Chicago gang or thiev?s, were sentenced at Denver to ten years each in the penitentiary. WILLIAM SHANNON and Thomas Craig, two well-known explorers, were drowned by the capaising of their boat in Rainy lake, Minnesota THE Indianapolis servant of the Koes ters, Anna Wagner, has been indicted for poisoning five of the family. AT the age of 110 years James McCormick died at Darwin, III. THE sudden death of Gen. W. H. Enochs, congressman from the Tenth district of Ohio, occurred at his home in Ironton. THE doors of the Nebraska savings bank at Lincoln were closed with liabilities of $100,000. J. K. ARMSTRONG, of Tipton, O., county treasurer, was said to be short $25,0000 in his accounts. FLAMES nearly wiped out the business section of Luckey, O., the loss being $100,000. IN session at Nashville, Tenn., the National Retail Clerks' union decided to make Chicago their permanent headquarters and elected F. P. Fitzwilliams of Nashville, as president. IN Detroit H. C. Meyer was ar. rested, charged with poisoning no less than five young women-each of whom he represented as his wife-and one man, for the purpose of securing life insurance which he had taken out on their lives, IN Chicago six deaths from sunstroke and a large number of serious cases of prostration were reported on the 14th. AT Tacoma, Wash., the United States grand jury indicted President Van Horne, of the Capadian Pacific railroad, and all the other leading officials for violating the interstate commerce law. IN a railway wreck at Vincennes, Ind., five Knights of Pythias were injured. one of them fatally. JOHN H. CHAPMAN, of Chicago, was reelected president at the annual meeting in Indianapolis of the Baptist Young People's Union of America. N. M. TABOR and W. H. Bush, lessees of the Brown Palace hotel in Denver, made an assignment with liabilities placed at $650,000. THE local directory of the World's Columbian exposition by a vote of 24 to 4 passed resolutions rescinding the action of the meeting of May 16 and ordered the gates closed on all Sundays after the 16th. By a eyclone which passed over Stillwater, Minn., and vicinity two persons were killed, over a dozen injured and much property destroyed. DURING a battle with French gunboats on the Meinam river twenty Siamese were killed and fourteen wounded. HAY & WEBB'S bank at Carmi, III., made a general assignment with liabilities of $176,000 and assets of $216,000. THE world's fair auditor in his report shows that the total receipts of the exposition up to June 30 were $21,251,316 and total expenses were $20,610,160. MARY SCHIREBER, aged 5, and Annie Geary, aged 18, were burned to death at their home in Port Clinton, O., by an explosion of gasoline, the head chief of the Sioux nation of Indians, dropped dead at Newcastle, Wyo. THE Schleisinger syndicate at Ishpeming, Mich., the largest operators in orein the world, weresaid to have failed with millions of liabilities. IN Wyoming an army of crickets was devastating every sort of vegetation. THE doors of the national bank of Kansas City, Mo., were closed with liabilities of $1,000,000 and assets of $3,000,000. The failure caused the Franklin savings bank of the same city to suspend.


Article from River Falls Journal, July 20, 1893

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AT Tacoma, Wash., the United States grand jury indicted President Van Horne, of the Canadian Pacific railroad, and all the other leading officials for violating the interstate commerce law. JOHN H. CHAPMAN, of Chicago, was reelected president at the annual meeting in Indianapolis of the Baptist Young People's Union of America. N. M. TABOR and W. H. Bush, lessees of the Brown Palace hotel in Denver, made an assignment with liabilities placed at $650,000. THE local directory of the World's Columbian exposition by a vote of 24 to 4 passed resolutions rescinding the action of the meeting of May 16 and ordered the gates closed on all Sundays after the 16th. By a cyclone which passed over Stif water, Minn., and vicinity two persons were killed, over a dozen injured and much property destroyed. DURING a battle with French gun boats on the Meinam river twenty Siamese were killed and fourteen wounded. HAT & WEBB'S bank at Carmi, III., made a general assignment with liabilities of $170,000 and assets of $216,000. THE world's fair auditor in his report shows that the total receipts of the exposition up to June 30 were $21,251,316 and total expenses were $20,610,160. MARY SCHIREBER, aged 5, and Annie Geary, aged 18, were burned to death at their home in Port Clinton, O., by an explosion of gasoline. YoUNG-MAN-AFRAID-OF-His-HORSES, the head chief of the Sioux nation of Indians, dropped dead at Newcastle, Wyo. THE Schleisinger syndicate at Ishpeming, Mich., the largest operators in orein the world, weresaid to have failed with millions of liabilities. IN Wyoming an army of crickets was devastating every sort of vegetation. THE doors of the national bank of Kansas City, Mo., were closed with liabilities of $1,000,000 and assets of $3,000,000. The failure caused the Franklin savings bank of the same city to suspend. UNKNOWN persons lynched Meredith Lewis, acquitted of the charge of murdering his wife, near Roseland, La. A TORNADO swept over the town of Leipsie, O., unroofing many buildings and doing other damage. THE failure was reported of the Northern bank. the oldest financial institution in Kansas City, Kan., with assets of $475,000 and liabilities of $315,000. A REIGN of terror has been inaugurated in Montana by idle men as a result of the closing of silver mines. By the explosion of coal oil at Columbus, O., Clement Miller and his wife and baby were fatally burned. FREDERICK T. RAWLINS and Richard P. Roughton, prominent citizens of Sandersville, Ga., killed each other in a street duel. IN Cineinnati the John Kauffman Brewing company went into the hands of a receiver with liabilities of $150,000. FLAMES in the Fresno flouring mills at Fresno, Cal., caused a loss of $100,000. IN a stream near Mill Creek, Ind. Mrs. Adam Allis and her son and daughter and Willie Boyce were drowned. Mrs. Allis and her daughter lost their lives in trying to save the two boys. IN Chicago the Bouton Foundry company failed for $200,000. THE doors of the private banking house of William Oberhauser in Peoria, Ill., were closed with liabilities of $60,429. THE recent cyclone in Iowa killed fifty-seven persons Pomeroy, thirteen in Cherokee county, six in Beuna Vista county, four in Pocahontas county and two in Wright county. WHILE en route to Little Rock W. F. Werner, sheriff and tax collector of Crittenden county, Ark., was shot and robbed of nearly $12,000 by persons unknown. ALBERT BUTTEROUX, aged 16; George Pond, aged 24, and Willie Clawson, aged 12, were drowned while bathing in the bay at Galveston, Tex. THE 100-yard sprinting event at Go shen. Ind., for a purse of $2,000 and the championship of America was won by Morris, of California, in 9 3-5 seconds, which is one-fifth of a second below the world's record. IN a fit of jealousy Luca Sceseich, a and miner. capitalist wife at Los Angeles, shot Cal., and and killed then his killed himself.


Article from River Falls Journal, July 20, 1893

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FORCED TO ASSIGN. Heavy Withdrawals of Deposits Cause a Kansas City Bank to Suspend -Liabilities, about $1,000,000; Assets, More Than Double the Amount-Failure in the St. Louis Lumber Trade-Heavy Failure at Denver. KANSAS CITY, Mo., July 15.-The National bank of Kansas City at the southeast corner of Fifth and Delaware streets, suspended payment at 2:55 o'clock Friday afternoon and is now in the hands of the comptroller of the currency. The assets, President J.S. Chick says, will be between $2,000,000 and $3,000,000 and the liabilities about $1,000,000. He says he is confident that the depositors will be paid dollar for dollar. The bank was one of the oldest in the city. President Chick said that the suspension was due to a steady withdrawal of deposits since the beginning of the financial stringency. As a result of the failure of the National bank of Kansas City the Franklin savings bank made an assignment for the benefit of creditors. The latter bank cleared through the Kansas City national, and considerable of its money is tied up in the latter failure. The bank carried a line of deposits amounting now only to $50,000. Its assets are considerably in excess of that sum. DENVER, Col., July 15.-Friday afternoon W. H. Bush and N. M. Tabor, lessees of the Brown Palace hotel, made an assignment to Frank C. Younk. The amount of their liabilities is placed at $650,000, with assets at $2,222,909. The assets of the company consist principally of real estate, hotel furniture and bills due. The failure was caused by the stringency in the money market and inability to secure an extension of their paper. The failure includes the furniture of the Hotel Metropole, the Tabor & Pierce Lumber company and $531,000 worth of stock of the Windsor Farm company, held by Mr. Bush. It is believed that the assets will materially decrease before liquidation has been effected. ST. LOUIS, July 15.-The St. Louis Lumber company assigned Friday afternoon to F. W. Beinidiek. Assets, $40,000; liabilities about the same. The failure was brought about by losses in the Haydock Bros.' failure / and that of J. P. Richardson, a small lumber dealer. Another cause is the disappearance of Hubbard Jones, of the firm of Jones, McPherson & Co., who, it is stated, has gone away allowing notes involving the failed firm to go to protest. Until Jones returns it will be impossible to straighten out the affairs of the firms whose business has been involved with his. Altogether five firms in the lumber business have failed this week, all more or less tangled with each other-viz., J. A. Hartnett & Co., Howard Watson, J.P. Richardson, J. L. White & Co. and the St. Louis Lumber company. CINCINNATI, July 15.-The Buckeye Cycle company of this city has failed. Assets. $81,000; liabilities, $50,000. The cause of the failure is the stringency of the money market.