10658. Springfield Savings Bank (Springfield, MO)

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: July 31, 1893
Location: Springfield, Missouri (37.215, -93.298)

Metadata

Model: gpt-5-mini
Short Digest: fb831c6c

Response Measures

None

Description

Contemporary dispatches (all dated July 31, 1893) report the Springfield Savings Bank made an assignment / failed and will pay in full. There is no description of a depositor run on this institution in the articles provided; earlier local Bank of Commerce failure created uneasiness and the Savings Bank posted a 30-day notice, suggesting precautionary action tied to other local bank trouble. Made an assignment indicates the bank suspended operations and did not continue regular business (assignment for benefit of creditors/receiver); articles state it is solvent and depositors will be paid, implying closure rather than a temporary reopening.

Events (1)

1. July 31, 1893 Suspension

Cause: Local Banks
Cause Details: Suspension occurred amid a wave of bank failures/suspensions and local bank distress (the nearby Bank of Commerce in Springfield failed, causing uneasiness and precautionary measures). Reports mention withdrawals and general stringency in the banking panic of July 1893 as context, but no specific insolvency is alleged for the Savings Bank; it made an assignment and is said to be solvent and able to pay in full.
Newspaper Excerpt: The Springfield Savings bank failed this morning. Deposits $100,00. capital $25,000; will pay in full.
Source: newspapers

Newspaper Articles (17)

1. July 22, 1893 The Cape Girardeau Democrat Cape Girardeau, MO

Article from The Cape Girardeau Democrat, July 22, 1893

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, MISSOURI STATE NEWS. , $ New Postmasters. The following new postmasters of the fourth class have been appointed for Missouri: I ) Belmont. Mississippi county. James McFadden. Jr.. vice George Watson. removed. Fayetteville. Johnson county E. J. Seigfried. , vice E. Kellar. removed Prohna, Perry county. H.G. Pallsch. vice A. Luedero, removed. Fyan. Laclede county. W. R. Bench. vice J. W. Brownfield removed. Walnut Shade. Taney county. Mary M. Sellers. vice B. L. Waddle. resigned. Asper. Carroll county. Samuel Millay, vice W.J. Stephens. resigned, Doniphan. Ripley county, Edwin Ferguson, vice F. W. Bell. removed. Cave Spring. Greene county, W. R. McLinn, vice Nancy Vestal. resigned. Eldon, Miller county. T. M. Silvey, vice Rosa Eaton. removed. Gordonville, Cape Girardeau county. Peter Horman. vice Claus Kerstner. removed. Grapby. Newton county W. W. Hamilton, vice W.W. Hudson, removed. Hinton. Boone county. C. W. Martin, vice T. J. Gallup. resigned. Ironton. Ironton county, A. P. Vance, vice Thomas Beard, removed Jake Prairie, Crawford county L D. House wright. GeorgeMcAllister. resigned. Locust Hill. Knox county, R. H. Payne, vice James Sherer. removed. Medicine. Livingston county. G. W. Babb, vice C. V. Sampson. resigned. Morrisville, Polk county. T. C. Mitchell, vice H. M. Rhynes. removed Oran. Scott county. Alexander Wright. vice R. H. Queery. removed. Roy. Douglas county. W. A. Hartin. vice J.E. Smith. resigned. Vienna. Maries county. S. A. Gremp. vice J. F. Rowan. removed. Coatsville. Schuyler county. J. M. Guin. vice H.S Albert. removed. Hockman Benton county, A. H. Gist. vice F. L Bagwell. removed. Martinstown. Putnam county. T.P. Martin, vice H. R. Archer. removed. Summersville, Texas county. Mrs. M. E. Smith. vice P. Baskett. removed NEW POST OFFICES. Ulf. Phelps county, Edward J. Kendall, postmaster. Drum. Bollinger county. John W. Laird, postmaster. Panama. Vernon county. Mark M. Woodson, postmaster. A Bank Failure at Springfield. The Springfield bank of Commerce, capital stock $50,000 and deposits of $17,600, according to last statement. has failed. BANK OFFICIALS ARRESTED. SPRINGFIELD, Mo., July 14.-T. E. Burlin game, president, and E. P. Newman, cashier of the suspended Bank of Commerce, have been arrested on a warrant sworn out by Jack Carr. one of the depositors of the defunct institution, charging the defendants with receiving money after they knew that failure was inevitable. The tank officials were taken before Justice Faith and held on a bond of $1,000 each. The arrest of Burlingame and Newman caused considerable feeling. and the uneasiness in business circles continues to prevail. Attachment against the Bank of Commerce aggregating about $18,500 are on file in the circuit clerk's office. The Springfield Savings bank has posted a notice on its-doors saying that the 30-day rule respecting the withdrawal of deposits will be enforced. This does not mean a failure. as the bank is in a safe condition. the Exchange bank of this city having recently bought a controlling interest of the stock. The Exchange is one of the strongest banks in the city and can easily sustain the Savings bank in this erisis. LOOKS BAD. SPRINGFIELD. July 15.-The most serious feature against the bank officials is that for several days before the failure Mayor Parce and T. C. Burlingame were making conveyances of property to various persons. About thirty deeds were executed in favor of members of their families and other persons, thus conveying a large amount of valuable real estate in Springfield. In the face of this apparent preparations for a crisis. the bank continyed to receive deposits up to within an hour of its suspension. The Gray failure, which occurred at the same time the Bank of Commerce closed its doors, is said to have been little peculiar. Mayor Parce. T. C. Burlingame and J.T. Gray are brothers-in-law. It is claimed that these three men had borrowed of the Bank of Com merce from 856,000 to $96,000.

2. August 1, 1893 The Helena Independent Helena, MT

Article from The Helena Independent, August 1, 1893

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TO PREVENT HOARDING. New York Savings Banks Require the Time Limit. NEW YORK, July 31.-This morning the savings banks of the eit% as a rule, began to take advantage of the sixty-day time classe, where largo amounts are concerned. to check the withdrawal of money for boarding or in senseless fright. but while nearly all the banks claimed the privilege of the time olanse, still in comparatively few instances was is applied. There did not seem to be any run anywhere. In Brooklyn the effect was somewhat different and the notice caused several rans. The greatest was on the Brooklyn Savings bank. When the doors opened this morning an enormous orowd were waiting to draw money. Threats were made. but as these were of no avail the crowd went away in an ugly mood. There were slight rune also on the South Brooklyn Savings institution and the Dime Savings bank. KANSAS CITY, July 31.-The Missouri National bank resumed business this morning, having fully recovered from the effects of the senseless panic which caused its suspension two weeks ago. CEDAR RAPIDS, Iows, July 81.-A. Daniels & Co., private bankers at Marion, have made an assignment. It is believed all will be paid in full and the bank be open in a few days. PORTLAND, Ore., July 81.-The First National bank of East Portland failed. Officers say the suspension is temporary. Resources, July 12, $325,000, deposits $160,000. AKRON, O., July 31.-The Akron Savings bank went into the hands of a receiver this morning. Capital $200,000, reserve $50,000, surplus $18,000. Will pay in full. THE DALLES, Ore., July 31.-The First National bank failed this morning, due to closing of the Commercial National bank of Portland. HORNELLSVILLE, N. Y., July 81.-N. M. Craneland, a private banker, failed this morning. Assets ar said to exceed liabilities. SPRINGFIELD, Mo., July 31.-The Springfield Savings bank failed this morning. Deposits $100,00. capital $25,000; will pay in full. PENDLETON, Ore.. July 31.-The Pendleton Savinge bank has temporarily suspended. Assets $250.000, liabilities $135,000. ASHLAND. Wis., July 1.-The First National bank failed this morning, owing to the steady drain on deposits.

3. August 1, 1893 The Anaconda Standard Anaconda, MT

Article from The Anaconda Standard, August 1, 1893

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IT WAS BLUE MONDAY. Long List of Banks That Couldn't Keep Up. THE DALLES, Ore., July 31.-The First National bank failed this morning, due to the closing of the Commercial National bank of Portland. AKRON, July 31.-The Akron Savings bank went into the hands of a receiver this morning. Capital. $200,000; reserve, $50,000; surplus. $18,000. Will pay in full. PENDLETON, Ore., July 31. The Pendleton Savings bank has temporarily suspended. Assets, $250,000; liabilities, $135,000. SPRINGFIELD, Mo., July 31. - The Springfield Savings bank failed this morning. Deposits, $100,000; capital, $25,000. It will pay in full. The other banks are not affected. No further trouble is expected. ASHLAND. Wis.. July 31. - The First National bank failed this morning owing to a steady drain on deposits. Its re. sources of July 5 were $396,489. A run on other banks is III progress. PORTLAND, Ore., July 31. The First Na. tional bank of East Portland, Ore., has , failed. The officers say the suspension is temporary. Resources July 12 were $325,000; deposits. $160,000. ) EUGENE. Ore., July 31.-The Commercial bank of Cottage Grove has decided to go into liquidation. All depositors will be 1 paid in a few days and the bank will go out of business. A ASTORIA. Ore July 31. -The private I bank of J. W. Case closed this morning on account of a constant withdrawal of $ deposits. A notice on the door states I that the depositors will be paid in full. $ WHATCOM. Wash., July 31. The Belt lingham National bank did not open this : morning. The temporary suspension was I caused by a constant withdrawal of deI posits for the past 90 days. The assets , are $270,000: liabilities, $160,000. , CEDAR RAPIDS, la., July 31. -A. Daniels & Co., private bankers at Marion, made I an assignment. The property is valued I at $200,000. It is believed all depositors I will be paid in full and the bank will be I opened in a few days. No statement of e assets or liabilities has been made. NEWARK. N.J., July 31. -The run on the I Howard Savings institution continued tot I day. The crowd in front of the building I was so large that the aid of the police was necessary to keep the anxious people in order. I

4. August 1, 1893 The Times Richmond, VA

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NEW YORK July 31. With this morning the savings banks of this city, as a rule, began to take advantage of the sixty-day time clause. That is, the bank officials made use of the prerogative in cases where large amounts were concerned, or where such action was deemed necessary, to check the withdrawal of money for hoarding or in senseless fright. But while nearly all the banks claimed the privileges of using the time clause, still, in comparatively few instances was it applied. visit to the principal savings banks of the city this morning disclosed the fact that about the usual amount of business was being done. Perhaps a trifle more than the average number of depositors were waiting their turns to draw money, but on the other hand, in most of the banks, there were corresponding lines of persons anxious to deposit money. The general impression seemed to be one of confidence in the banks. There did not seem to be anything like a "run" anywhere. Presidnet Demarest, of the Irving Saving Institution, said this morning that his bank was taking advantage of the time clause to a certain extent-that in cases where large amounts were concerned He said his bank was doing so because so many other banks were doing the same thing, and such action was necessary for self-defense. All demands up to $100 were met without question. The bank was doing its usual business this morning, with lines at the windows of both the paying and receiving tellers. At the Emigrants' Industrial Savings Bank, No. 51 Chambers street, President rule McMahon said that the sixty-d was enforced only in rare instances, and where the amounts concerned were large. This morning his bank had taken advantage of the clause in the case of a few depositors. President McMahon said, however, that the bank did not mean to enforce the rule where it would mean hardship for the depositor. One depositor, who wished to close a bargain, was permitted to draw $1,500 this morning "All we are trying to do," said Prestdent McMahon, "is to stem the tide of needless money hoarding and the fright of the depositors. President McMahon, however, was of the opinion that the time would come when all the banks would be obliged to inforce the rule to avoid being forced to fall back upon their securities, which they, of course, cannot afford to do if it can be avoided. The bank was doing its usual business this morning, both taking in and paying out money. At the East River Savings Bank, No. 3 Chambers street, the usual business was being transacted. President Slocum said the bank had not resorted to a use of the limit clause yet, but would do so if circumstances should arise which warranted it. Secretary Hutchinson, of the Broadway Savings Institution, No. 4 Park place, said that his bank was taking advantage of the time clause in cases where large bank amounts were concerned. The paid out $40,000 Saturday Run on Savings Banks. NEW YORK, July 31.-At all of the savings banks here and in Brooklyn today an unusual number of nervous depositors wanted their money. More than three-quarters of these were women. A the east side banks, where the depositors are mostly foreigners, the runs were the heaviest. They all declare that they are more than able to meet with their cash balances the demands that will now be made upon them. They expect that the excitement among the depositors will subside by the end of the week at least. Throughout New England savings banks e announced their intention to enforce time clause in their by-laws, varying from one to four months in different localities. More Bank Failures. AKRON, O., July -The Akron Savings Bank suspended this morning. Its suspension was caused by the closing of the Citizens' Bank Saturday That created a run Saturday night, resulting in the withdrawal of over $15,000. To avoid Monday's rush the bank put up its shut ters. The total resources are given out as $973,634.33; total liabilities, $522,460. William Buchtel, president of the institution, has been appointed receiver UPPER SANDUSKY, O., July 31. The Wyardotte County Bank went into the hands of receivers to-day. The bank officials claim the assets are sufficient to pay the depositors three times over. Heavy runs last week among the farmers caused the suspension. John Layton and Dr. R. N. McCornell were appointed as receivers. No detailed statement has been given out yet. HORNELLSVILLE, N. Y., July 31 The private banking house of N. M. Crane & Co. closed its doors this morning. Suspension is attributed to the general stringency prevailing in business circles and the value of assets are stated to equal the liabilities, but cannot be realized on at present. MILWAUKEE WIS., July 31.-A special to the Wisconsin from Ashland says: First Natier al Bark of this place failed to open its doors to-day. Other banks of re experiencing runs 1 consequence the First National failure PORTLAND, ORE., July 31.-The First 1 National Bank of East Portland, failed to open its doors this morning. state. 1 ment published July 12th the resources of the bank to be $300,000; deposits, $150.1 s 00. SPRINGFIELD. MO., July 31.-The a Springfield Savings Bank, with a capital of $25,000 and deposits of about $100,000, The made an assignment this morning. bank is solvent, and will pay in full DALEGO, ORE., July 31.--The First I Bank closed its doors this t morning. National The suspension is due to the S closing of the Commercial National Bank, o of Portland. t ORE., July Pena PENDLETON, Savings Bank has temporarily o suspended. lleton P.T. Cox has been appointed 1 à receiver. PORTLAND, ORE., July 31 The failed Commercial I Bank, of Cottage Grove, his morning. Appointed by the President.

5. August 1, 1893 Richmond Dispatch Richmond, VA

Article from Richmond Dispatch, August 1, 1893

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an attempt to kill himself. He is still alive, but is paralyzed. The cause of the quadruple murder and suicide is said to be the fear that the family would die from starvation. The Springfield Savings Bank, Springfield. Mo.. with a capital of $25,000 and deposits of about $100,000. made an assignment yesterday morning. It is solvent and will pay in full. The Wyandotte County Bank, Upper Sandusky, O., went into the hands of a receiver yesterday. The bank officials claim that the assets are sufficient to pay depositors three times over. A dispatch was received yesterday afternoon by the Nicaragua Canal and Construction Company in New York from their agent at Grenada, stating that peace had been restored in Nicaragua. The Western Union Telegraph Company yesterday issued a circular stating that owing to political disturbances in Argentina messages for that country can only be accepted at sender's risk via Galveston.' Sunday night during a severe wind-, rain-, and thunder-storm the circular building at Nashville, Tenn., containing the cyclorama of the battle of Mission Ridge gave way before the blast and is a complete wreck. The Philadelphia Record has a dispatch from St. John's, N. F., which says advices have been received from Labrador of serious trouble in Lieutenant Peary's expedition-trouble so great. indeed, that the trip is likely to prove a failure. N. W. Murphy. the missing manager of the Atlanta (Ga.) Provision Company. against whom are charges of making away with money of the concern, surprised everybody by putting in an appearance at Atlanta yesterday and surrendering to the Sheriff. During a thunder-storm yesterday John Carter, a colored fireman employed at the Navassa Guano Company's factory. a few miles above Wilmington, N. C., climbed a tree near the factory for the purpose of securing honey made by a swarm of wild bees in a hollow limb. Lightning struck the tree and Carter was killed. The First National Bank. of East Portland, Ore., failed to open its doors yesterday morning. The officers of the bank say the suspension is temporary. The First National Bank of The Dalles, Ore., closed its doors yesterday. the suspension being due to closing of the Commercial National Bank of Portland. George Dole Wadley, general superintendent of the Central railroad of Georgia, has resigned and his resignation has been accepted. T.D. Kline, tormerly superintendent of the Southwestern railway and lately general manager of the Mexican National railway, was appointed to succeed him. Wadley's resignation was due to differences with Judge Spear, of the United States Court. Officer James A. Harvey. of the detec. tive force of Syracuse, N. Y., was shot by George A. Barnes on Water street within a few feet of a station-house at 10 o'clock yesterday morning. He was about to arrest Barnes, when the latter pulled a revolver and fired, killing Harvey. the latter's death being instantaneous. Barnes ran, but was arrested within a few blocks of the scene of the tragedy.

6. August 1, 1893 New-York Tribune New York, NY

Article from New-York Tribune, August 1, 1893

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BANKS STILL CRASHING. MORE FAILURES REPORTED FROM THE WEST. FOUR SUSPENSIONS IN OREGON AND OTHERS IN OHIO, WISCONSIN, IOWA AND MISSOURI. Upper Sandusky, Ohio, July 31.--The Wyandotte County Bank went into the hands of a receiver this morning. The bank officials say that the assets are sufficient to pay depositors three times over. Heavy runs last week among farmers caused the suspension. John B. Layton and Dr. R. N. McConnell were ap pointed as receivers. Akron, Ohio, July 31.-The Akron Savings Bank did not open this morning for business. William Buchtel, president of the bank, has been appointed requiver. The capital stock is $200,000, with a reserve fund of $50,000, and undivided profits of $18,000. The bank will pay dollar for dollar. Hornellsville, N. Y., July 31.-The private banking house of N. M. Crane & Co. closed its doors this morning. The value of the assets is stated to equal the liabilities. Milwaukee, July 31.-A dispatch from Ashland, Wis., says: The First National Bank of Ashland failed to open its doors this morning. There has been a steady draw on the bank's deposit for a month. Its resources, according to the statement filed July 15, were $306,488. Dr. Edwin Ellis is president, and exGovernor Samuel S. Fifield, vice-president. The other banks are experiencing runs In consequence of the First National's failure. Cedar Rapids, Iowa, July 31.-A. Daniels & Cb., private bankers at Marion, made an assignment to C. H. Kurtz. The property is valued at $200,000. Springfield, Mo., July 31.-The Springfield Savings Bank, with a capital of $25,000 and deposits of about $100,000, made an assignment this morning. The bank is solvent and will pay in full. Portland, Ore., July 31.-The First National Bank of East Portland failed to open its doors this morning. The officers of the bank say the suspension is temporary. A statement published on July 12 shows the resources of the bank to be $325,000; deposits, $150,000. The Commercial Bank of Cottage Grove failed this morning. The Dalles, Ore., July 31.-The First National Bank closed its doors this morning. The suspension is due to the closing of the Commercial National Bank, of Portland. Pendleton, Ore., July 31.-The Pendleton Savings Bank has temporarily suspended. R. T. Cox has been appointed receiver. Assets, $250,000; liabilities, $135,000. Helena, Mont., July 31.-The Park National Bank. of Livingston, closed this morning. No statement is given. Indianapolis, July 31 (Special).-The investigation of the condition of the suspended Indianapolis National bank by Hugh Young, special examiner. is developing a bad state of affairs. It was reported to-day that President Hanghey was a borrower from the bank in excess of the 10 per cent of the capital stock allowed by law, and that factories in which officers of the bank are interested nad secured sums on loans in excess of the amount allowed by law. Mr. Hanghey saw representatives of the newspapers to-day for the first time since the bank suspendel, and he denies that he has violated the National banking laws.

7. August 1, 1893 The Herald Los Angeles, CA

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EASTERN BANK TROUBLES. Runs on Financial Institutions-Several Suspensions, NEWARK, N. J., July 31.-The run on the Howard Savings Institution continued today. The crowd in front of the building was so large that the aid of the police was necessary to keep the anxious people in order. HORNELLSVILLE, N. Y,, July 31.-N. M. Craveland, a private banker, failed this morning. The assets are said to exceed the liabilities. AKRON, O., July 31.-The Akron Savings bank went into the hands of a receiver this morning. Capital, $200,000; reserve, $50,000; surplus, $18,000. It will pay in full. ASHLAND, Wis., July 31.-The First National bank failed this morning, owing to a steady drain on the deposits. The resources July 15th were $396,489. Heavy runs on other banks resulted. CEDAR RAPIDS, Ia., July 31.-A. Daniels & Co., private bankers at Marion, made an assignment of property valued $200,000. It is believed all will be paid in full, and that the bank will be open in a few days. No statement of assets and liabilities. SPRINGFIELD, Mo., July 31.-The Springfield Savings bank failed this morning. Deposits, $100,000; capital, $25,000. It will pay in full. Other banks are not affected. No further trouble is expected.

8. August 1, 1893 The Sun New York, NY

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Savings Banks Suspend. SPRINGNIELD. Mo., July 31.-The Springfield Savings Bank. with a capital of $25,000 and deposits of about $100.000. made an assignment this morning. The bank is solvent. and will pay in full. PENDLETON. Or., July 31.-The Pendleton Savings Bank has temporarily suspended. R. T. Cox has been appointed receiver. Assets. $250,000: liabilities. $135,000. YOUNGSTOWN, July 31.-The run on the Dollar Savings Bank has entirely subsided, and it is thought confidence in the local banks has been restored in the public mind. Several brokers did a land office business on Saturday. buying book accounts with the Dollar Savings Bank. and this did much toward stopping the run. Quite a number of foreigners are drawing out their deposits to leave the country. AKRON. July 31.-The Akron Savings Bank did not open this morning for business. William Buchtel. President of the bank, has been appointed receiver. The capital stock is $200.000. with a reserve fund of $50,000. and undivided profits of $18,000. The bank will pay dollar for dollar. The cause of suspension is inability to realize on securities.

9. August 1, 1893 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, August 1, 1893

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TELEGRAPHIC BREVITIES. The Pendleton, Or., savings bank has temporarily suspended. Assets $250,000; liabilities $135,000. N. M. Craneland, a private banker of Hornellsville, N. Y., has failed. Assets said to exceed liabilities. At Dallas, Or., the First National bank has failed, due to the closing of the Commercial National bank of Portland. At San Francisco last night the build ing and stock of Reich & Co., wholesale Lancy goods, was damaged $100,000 by fire. W.A. Lynch has been appointed rereceiver of the Pittsburg, Akron & Western railroad. The road has a capital stock of $3,600,000. The First National bank of East Portland has failed. Officers say the suspension is temporary. Resources July 12, $325,000; deposits $160,000. At Swansea, S. C., Handy, the third negro engaged in the outrage on Mrs. Sighters, was hanged on the same tree as the other two yesterday. Chapman Bros., publishers. and managers of two World's fair hotels in Chicago, confessed judgment of $25,000. Assets at $600,000; liabilities $257,000. Advices from Chicago say that the First National bank in that city has ordered a half million in gold in London, and two other banks smaller amounts. The Commercial bank of College Grove, Or., has decided to go into liquidation. All depositors will be paid in a few days and the bank go out of business. biz The Akron, Ohio, Savings bank went into the hands of a receiver yesterday morning. Capital, $200,000; reserve, $50,000; surplus, $18,000. It will pay in full. At Ashland, Wis., the First National bank failed owing to a steady drain on deposits. Resources on July 15 were $396,489. There was a run on other banks in consequence. The Springfield, Mo., Savings bank has failed. Deposits are $100,000; capital, $25,000. It is said they will pay in full. Other banks are not affected and no further trouble is expected.

10. August 2, 1893 Arizona Weekly Journal-Miner Prescott, AZ

Article from Arizona Weekly Journal-Miner, August 2, 1893

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TELEGRAPHIC BY ASSOCIATED PRESS TO JOURNAL-MINER. The Daily List of Bank Failures. Akbon, O., August L-The Akron Savings bank has failed. PORTLAND, August 1.-The First National Bank in East Portland and the First National Bank at the Dalles have failed. ASHLAND, WIS., August 1.-The First National Bank here has failed. Runs are being made on other banks but it is thought they can stand the pressure. SPRINGFIELD, Mo.August 1-The Springfield Savings bank has failed. Judge Ross Hits the Geary Act. Los ANGELES, August 1.-United States Judge Ross has decided that the part of the Geary Act prescribing punishment for Chinese illegally in the United States, is contrary to the constitution and void. He decided that the deportation clause is legal. A Big Fire in Frisco. SAN FRANCISCO, Aug. 1.-A fire last night destroyed Buyer & Reich's dry goods store. The loss is estimated at $100,000. The Silver Convention in Session. Chicago, Aug. 2-The National Convention of bi-metalic leagues began here this morning. Prominent silver men from all parts of the continent are in attendance. Burned Out the Chinamen. DENVER, Aug. 2.-The white miners at Como burned the headquarters of the Chinese miners. Eight Chinese miners are supposed to have burned to death. It Will Make Good Pork. TOSTORIA, OHIO, Aug. 2.-On account of the low price of wheat, farmers here are feeding wheat to hogs. Another Failure. Philadelphia, Pa., Aug. 2-The Philadelphia Packing Company has failed for a large amount.

11. August 3, 1893 Grant County Herald Lancaster, WI

Article from Grant County Herald, August 3, 1893

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OUT OF CASH. Many Banks in Various Localities Forced to Close Their Doors. Milwaukee, July 29.-A dispatch from Port Washington says the German American bank at that place has failed. Another special says Seymour's bank at Chippewa Falls also failed. CHIPPEWA FALLS, Wis., July 29.Seymour's bank of this city closed its doors yesterday. PORTLAND, Ore., July 29.-The Union Banking company of this city made an assignment yesterday. PORT WASHINGTON, Wis., July 29.-The German-American bank of this city closed its doors yesterday. STANTON, Mich., July 29. - C. W. Chopin & Co.'s bank here closed yesterday with a crowd of depositors at its doors. COVINGTON, Ind., July 29.-The Farmers' and Merchants' bank of this city closed up at 1 o'clock yesterday. ExUnited States Treasurer Nebeker is the president. MIDDLESBORO, Ky., July 29.-The First national bank of this place closed yesterday. GREAT FALLS, Mont., July 29.-The First national bank here suspended yesterday owing to the Helena bank's suspension. WASHINGTON, July 30.-Bank failures were reported to the comptroller as follows yesterday: First national at Kankakee, Ill.; Dollar savings bank at Youngstown, O.; Citizens' Savings and Loan association at Akron, O.; Commercial national, Ainsworth national and Portland savings banks at Portland, Ore.; Commercial at Eau Claire, First Wis.; Savings at Baraboo, W Exnational at Ashland, Wis., and change at Nunda, 111. WASHINGTON, Aug. 1.-Bank failures were reported as follows yesterday: First national at Portland, Ore.; First national at The Dalles, Ore.; Pendleton savings at Pendleton, Ore.; Bellingham Bay national at Whatcom, Wash.; Springfield savings at Springfield, Mo.; Akron savings at Akron, 0.; private bank of A. Daniels & Co. at Cedar Rapids, Ia.; private bank of J. W. Case at Astoria, Ore., and Park national at Livingston, Mont.

12. August 3, 1893 The Manitowoc Pilot Manitowoc, WI

Article from The Manitowoc Pilot, August 3, 1893

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GENERAL NEWS. The western rail roads have reduced rates to Chicago to one fare for the round trip. Five men were killed by the explosion of a threshing machine boiler at Utica, Ohio, on Monday last. Bank cashiers and presidents are being arrested everywhere throughtout the United States. Courts will have busy times during the next few terms. The national government will punish the officers of the Indianapolis National Bank, which was grossly mismanaged. It seems that national bank examiners are considerable of a humbug. A man named Smith shot and killed his wife at Rhinelander on Sunday last. He then put a bullet through his own brain. The man and wife had lived apart for some time owing to his jealousy. On Monday last the New York Savings Banks experienced a run. They required the time limit, but depositors got into line to give notice that when the time was up they would demand their money. The Indians are not affected by the hard times. A gang of 500 of them who were engaged in picking blue-berries have gone on a drunk, Dancing platforms have been built and the bucks are having a high old time. It is estimated that there are 35,000 miners unemployed in Colorado. They are flocking to Chicago and are coming in on freight trains. West Superior is being invaded by hundreds of miners from the Gogebic and Menominee ranges. All dangers of war between France and Siam have been averted by the latter's yielding every demand made by France. Siam indulged the hope that some of the other European powers would come to her assistance in resisting the demands of France. Having failed in this it concluded to yield unconditionally. New York Savings Banks have taken a step which they think will aid in preventing, to a certain extent increased stringency. That is that the trustees of the banks demand notice of withdrawal by depositors. They claim that the money withdrawn is being hoarded and thus drawn out of circulation and it is difficult for this reason to dispose of securities. The First National Bank of Ashland suspended on Monday. The reason assigned is withdrawal of money by depositors. The Akron Savings Bank of Ohio, the N. M. Crane Bank of N. Y,, the Springfield Savings Bank of Missouri, the First National of Portland, Oregon, the First National Bank of Dalles, Oregon, and the Pendleton Savings Bank of the same state suspended on the same day. A right lively time prevailed at a session of the English House of Commons one day last week. Chamberlain a deserter from the ranks of the Liberals, became so abusive while delivering a speech that a free fight was precipitated. Eyes were gouged, hair was pulled and eyes were blackened, Gladstone looked on the unseemly row with an unmistakeable expression of displeasure. Wages are being reduced now to meet the depression in business. The Mil. & St. Paul road has cut the wages of its clerks 10 per cent.. At Terre Haute Ind. Pittsburg, Penn. and Columbus, Ohio the laborers have accepted the reduction, it being understood that it should last during the period of stagnation. At other points the men refuse to accept reduced wages and the factories are shutting down. Tuesday was a terrible day on the Chi cago Board of Trade. It is described as the wildest ever witnessed in that city. At the close of the day many fortunes were wiped out. The crashes came from the drop in the price of pork, which went down from $18.75 per bbl. to $10.30. It a was a fearful fall and ruined many. The wealthiest man ruined by the fall in prices was John Oudahy whose wealth was estimated at $18,000,000. He was'a bold speculator and had a heavy interest F in a number of large packing houses.

13. August 4, 1893 The State Herald Holyoke, CO

Article from The State Herald, August 4, 1893

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THE FINANCIAL SITUATION. On the 25th the Mitchell bank at Milwaukee closed its doors. Its deposits amount to nearly $8,000,000, assets $9,000,000. At Indianapolis the Indianapolis National bank and the Bank of Commerce closed their doors. Joint liabilities $2,500,000. Three banks at Louisville, Kentucky, also failed on the 25th. They are the Merchants' National, the Fourth National and the Louisville Deposit bank. None of the failures are considered bad ones. Depositors in the two national banks will be paid in full, and the loss to stockholders will not be more than 60 per cent. in either case. The situation on the New York stock exchange on the 28th was critical and a panic was narrowly averted. The news that the Erle railroad had gone into the hands of a receiver was largely responsible for the break in stocks which fell from 1 to 4 points. H. I. Nicholas & Co., brokers, assigned. The First National and Montana National banks of Helena, failed to open Thursday morning. A run followed on theother banks of the city. The run was confined principally to the Merchants' National bank, which paid everybody. They are confident that they will be able to stand the run. The two closed banks have ample assets, but cannot realize on them. The Oregon National bank and the Northwest Loan and Trust company of Portland failed to open their doors on the 27th. A notice on the door says: "Owing to withdrawal of deposits and the Inability to realize on securities this bank is forced to suspend." The First National of Middleboro, Kentucky, closed on the 27th. Two banks at Sparta, Wisconsin, closed, also a bank at Portage. The Ellensburg, Washington, National bank suspended payment. In consequence of a run upon It the Traders' Deposit bank of Mount Sterling, Indiana, suspended. The following banks failed on the 28th: First National at Great Falls, Montana; German National at Washington, Wisconsin; Seymour's Bank at Chippewa Falls, Wisconsin; Chamberlain National at Chamberlain, South Dakota. The publication of the intended action of the New York and Brooklyn savings banks and institutions to put into practice the law entitling them to sixty days' notice from depositors of intended withdrawals of money precipitated a run Saturday. Some of the banks paid the amount In full, and thus sought to restore confidence. Others required notice, the time ranging from ten to ninety days, according to the period specified in the by-laws. The Commercial National, Ainsworth National and Portland Savings bank of Portland, Oregon, closed their doors on the 29th. The following banks also closed on that date: Citizens Savings, Akron, Ohio; First National, Kankakee, Illinois; Commercial, Eau Claire, Wisconsin; Barron Brothers, Lusk, Wyoming. The McNeal & Urban Safe and Lock Company, one of the oldest safe firms in the country, have assigned to Howard Douglass of Cincinnati. Assets, $160,000; liabilities unknown. The firm has been unfortunate in several large contracts, but it Is claimed that it is solvent. The New York clearing-house committee on the 31st authorized the Issue of $2,500,000 more in loan certificates, which brings the total issue outstanding up to $27,975,000. It may be noted that $26,565,000 was the maximum Issue of 1873, but this comparison is really less impressive than it seems, for a very considerable part of this year's New York issues has In practical effect, been provision for Chicago. No banks applied, so the dispatches stated, for loan certificates in the city. A secondary result of the local money scarcity was an absolute want of bids for sterling bills, exchange rates going on some transactions below the year's previous lowest record. The following banks suspended on the 31st: Springfield Savings, at Springfield, Misssouri; First National, Ashland, Wisconsin: First National, Dalles, Oregon: Bellingham Bay National Whatcom lequiring Notice of When drawal of deposits.

14. August 5, 1893 Arizona Weekly Citizen Tucson, AZ

Article from Arizona Weekly Citizen, August 5, 1893

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TELEGRAPHIC. Los NGELES, July 31.-Federal Judg Ross hasdelivered a lengthy decision o the Geary act case of United States V Nong Dip Ken. Ken wasarrested at the instigation of I Katz, chairman of the federated trade Ken, a oigarmaker, was arrested unde the act of 1882, now included in th Geary act, was found guilty by Commi sioner Vandke two months ago an sentenced to two days impresonment a San Quentin. Appeal was taken to the Unite States district court and today Judg Ross decided the section 4 of the Gear providing for imprisonment at har was in contravention of the con titution of the United States and a injust and infamous punishmen where no crime was committed. He held the rest of the act valid an ordered the Chinese deported an lenied the stay of execution asked fo the defense. OMAHA, Neb., July 31.-Hereafter Sat will be a holiday without pay 11 he Union Pacific shops all over th This 18 done in order not to re luce the working force. LONDON, July 31.-The regatta of th Royal Yacht club took place today of he Isle of Wight. It WGS WOD by th Prince of Wales' Brittania, Lord Dun raven's Valkyrie, second, Royal Phelps Carroll's Navahoe third. Interest at ached to the sailing of the last-name ressel as the American challenger to everal cups. NEVADA, Cal., July 31.-At 1 o'elock his morning John McLaughtin, who issaulted Charles Runge Saturda night, was surrendered by his bonds and lodged in jail. His bail was at the same time raised $10,000, owing to unfavorable symp of the injured man. Last evening some miscreants at empted to blow up the water pipe be onging to the Providence Mining comHe exploded a stick of gian owder on top of the pipe, but only suc eeded in causing a partial break Enough water continued to flow through keep a pump going until the line ould be repaired. The outrage was robably committed as a demonstration disapproval because the company ad employed McLaughlie as foreman Miners and citizensgenerally condemr act as infamous a: if the perpe is detected it will go hard with ASHLAND, Wis., July 31.-The First National bank failed owing to a steady on the deposits. The resource 15 were $396,489. Runs on other are the consequence. SPRINGFIELD, Mo., July 31. - The pringfield Savings bank failed this norning; deposits, $100,000. Is will pay full. Other banks were not affected further trouble is expected. PORTLAND, Ori., July 31.-The First National bank, of East Portland. failed open its doors this morning. Officers the bank say the suspension is tem A statement published July 12 hows the resources of the bank $325, deposits, $160,000. THE DALLES, Or,, July 31.-The First National bank here closed its doors this norning. Suspension is due to closing the Commercial National bank, of 'ortland. PENDLETON, Or. July 31.-The Pendle Saving bank has temporarily susended. R. T. Cox was appointed reThe statement of assets is 250,000; liabilitities $135,000. HORNELLSVILLE, N. Y., July 31.-R Crane & Co., private backers, failed morning; it is said assets exceed liabilities. AKRON, Ohio, July 31.-The Akron avings bank went into the bands of a eceiver this morning. Capital, $200,reserve, $50,000; surplus, $18,000 bank will pay in full. WORLD'S FAIR HOTELS. CHICAGO, July 31.-Chapman Bros ublishers and managers of two World' hotels, have confessed judgement $25,000; assets estimated at $600,000 abilities $257,000. CHICAGO, July 31.-Indications are the National Silver convention to horrow will be the most largely at ended in the history of financial agitaThe leaders are proceeding cautiously decline to express opinion as to exwhat will be the outcome. To with former adherents of all arties will be asked to forget their ormer allegiance and unite upon E of action in a struggle for free silver It is certain that R resolution and elegation sent to Washington will pprove the repeal of the Sherman law

15. August 5, 1893 The Meeker Herald Meeker, CO

Article from The Meeker Herald, August 5, 1893

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THE FINANCIAL SITUATION, On the 25th the Mitchell bank at Milwaukee closed Its doors. Its deposits amount to nearly $8,000,000, assets $9,000,000. At Indianapolis the Indianapolis National bank and the Bank of Commerce closed their doors. Joint liabilities $2,500,000. Three banks at Louisville, Kentucky, also failed on the 25th. They are the Merchants' National, the Fourth National and the Louisville Deposit bank. None of the failures are considered bad ones. Depositors in the two national banks will be paid in full, and the loss to stockholders will not be more than 60 per cent. in either case. The situation on the New York stock exchange on the 26th was critical and a. panic was narrowly averted. The news that the Erie railroad had gone into the hands of & receiver was largely responsible for the break In stocks which fell from 1 to 4 points. H. I. Nicholas & Co., brokers, assigned. The First National and Montana National banks of Helena, failed to open Thursday morning. A run followed on theother banks of the city. The run was confined principally to the Merchants' National bank, which paid everybody. They are confident that they will be able to stand the run. The two closed banks have ample assets, but cannot realize on them. The Oregon National bank and the Northwest Loan and Trust company of Portland failed to open their doors on the 27th. A notice on the door says: "Owing to withdrawal of deposits and the inability to realize on securities this bank is forced to suspend." The First National of Middleboro, Kentucky, closed on the 27th. Two banks at Sparta, Wisconsin, closed, also a bank at Portage. The Ellensburg, Washington, National bank suspended payment. In consequence of A run upon It the Traders' Deposit bank of Mount Sterling, Indiana, suspended. The following banks failed on the 28th: First National at Great Falls, Montana; German National at Washington, Wisconsin Seymour's Bank at Chippewa Falls, Wisconsin; Chamberlain National at Chamberlain, South Dakota. The publication of the intended action of the New York and Brooklyn savings banks and institutions to put Into practice the law entitling them to sixty days' notice from deithdrawals of money positors of Intended precipitated a run Saturday. Some of the banks paid the amount in full, and thus sought to restore confidence. Others required notice, the time ranging from ten to ninety days, according to the period specified in the by-laws. The Commercial National, Ainsworth National and Portland Savings bank of Portland, Oregon, closed their doors on the 29th. The following banks also closed on that date: Citizens Savings, Akron, Ohio; First National. Kankakee, Illinois; Commercial, Eau Claire, Wisconsin: Barron Brothers, Lusk, Wyoming. The McNeal & Urban Safe and Lock Company, one of the oldest safe firms in the country, have assigned to Howard Douglass of Cincinnati. Assets. $160,000; liabilities unknown. The firm has been unfortunate in several large contracts, but It is claimed that It is solvent. The New York clearing-house committee on the 31st authorized the issue of $2,500,000 more In loan certificates, which brings the total issue outstanding up to $27,975,000. It may be noted that $26,565,000 was the maximum issue of 1878, but this comparison is really less impressive than It seems, for a very considerable part of this year's New York Issues has in practical effect, been provision for Chicago. No banks applied, 50 the dispatches stated, for loan certificates in the city. A secondary result of the local money scareity was an absolute want of bids for sterling bills, exchange rates going on some transactions below the year's previous lowest record. The following banks suspended on the 31st: Springfield Savings, at Springfield, Misssouri; First National, Ashland, Wisconsin: First National, Dalles, Oregon: Bellingham Bay National, Whatcom, Washington. Savings

16. August 5, 1893 The Bessemer Indicator Pueblo, Bessemer, CO

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THE FINANCIAL SITUATION. The First National and Montana National banks of Helena, falled to open Thursday informing. A run followed on theother banks of the city. The run was contined principally to the Merchants' National bank, which paid everybody. They are confident that they will be able to stand the run. The two closed 1 banks have ample assets, but cannot realize on them. The Oregon National bank and the Northwest Loan and Trust company of Portland failed to open their doors on the 27th. A notice on the door says: "Owing to withdrawal of deposits and the inability to realize on se curities this bank is forced to suspend." The First National of Middleboro, Kentucky, closed on the 111th Two banks at Sparta, Wisconsin, closed. also a bank at Portage. The Ellensburg, Washington, National bank suspended payment. In consequence of a run upon it the Traders' Deposit bank of Mount Sterling, Indiana, suspended. The following banks falled on the 28th: First National at Great Falls, Montana: Ger man National at Washington Wisconsin: Sermour's Bank At Chippewa Falls, Wisconsin: Chamberlain National at Chamberlain, South Dakola. The publication of the Intended action of the New York and Brooklyn savings banks and institutions to put into practice the law entitling them to sixty days notice from depositors of intended withdrawals of money precipitated a run Saturday Some of the banks paid the amount in full, and thus sought to restore confidence. Others required notice, the time ranging from ten to ninety days, according to the period specified in the by-laws. The Commercial National, Ainsworth National and Portland Savings bank of Portland, Oregon, closed their doors on the 29th. The following banks also closed on that date: Citizens Savings, Akron, Ohio: First National, Kankakee, Ultinois; Commercial, Eau Claire, Wisconsin: Barron Brothers, Lusk, Wyoming The McNeal & Urban Safe and Look Company, one of the oldest safe firms In try. have assigned to Howard Douglass of Cincinnati. Assets $109,000; liabilities unknown. The firm has been unfortunate in several large contracts, but it is claimed that it is solvent. The New York clearing-house committee on the 31st authorized the issue of $9,000,000 more in loan certificates, which brings the total issue outstanding up to $27,975,000. It may be noted that $26,565,000 was the maximum issue of 1873, but this comparison is really less impressive than It seems, for a very considerable part of this year's New York is sues has In practical effect, been provision for Chicago. No banks applied 80 the dispatches stated, for loan certificates in the city. A secondary result of the local money scarcity was an absolute want of bids for sterling bills, exchange rates going on some transactions below the year's previous lowest record. The following banks suspended on the 31st: Springfield Savings, at Springfield, Misssouri; First National Ashland. Wisconsin: First National, Dalles, Oregon: Bellingham Bay National, Whatcom, Washington Savings banks throughout the Eastern states are enforcing the rule requiring notice of with drawal of deposits. The feeling among New York bankers on Tuesday was better, as It was reported that 84,000,000 In gold had been shipped to AmerIca from London There was wild excitement on the Chicago board of trade Tuesday due to a great fall in the price of pork. It dropped from $19 to $10 in a short time Jack Cudaby and several other firms failed. In view of the low prices of bonds, New York bankers have decided to issue $3,000,000 more currency.

17. August 10, 1893 The State Republican Jefferson City, MO

Article from The State Republican, August 10, 1893

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NEWS. MISSOURI STATE has THE SpringHeld Savings bank made an assignment. escaped from the For convicts the night of the at tentiary on national bank on Kan the 484 THE City Missouri hoopened for business Chisist. rate from Kansas City instead to of cago. $13, THE as round erroneously little sons trip of is stated. J. 814 Kinsley. 50, the aged Grand Two were drowned in They fiver and years. linton the Hiller day. had gone in to swin. of miners went to A LARGE other force morning at the various The work the Vernon county. coal mines of with reduced forces. mines are running that the strike is nearly a with ovet WHILE lately cutting Jefferson grass City mowing machine near prosperious GerNeihmeyer, a by being John was fatally hurt Both legs cut off. man thrown farmer. under the knives rewere Kansas City brokers with were lot cently tickets. THE worked by sharpers Most of the of bogus railroad lot of "cheap rates but out were for brokers secured of pocket the amount paid of them recently stole a T. herd C. Kin three county farmer THIEVES -year-old steers (four it is Read a Vernon cattle were driven to some an thought the railroad at night shipped point on out the of the sigodd county. The bunch was worth about MILLER 30 years colored old. run the teacher CHARLES in the over Georgetown and killed the Lexingschool. other night was by the train Missouri on Pacific near ton branch He of left that town while to walk un Sedalia of liquor sleep der home the and influence it was thought went to on the track of Henry Mayback of by Doug cutwith las THE WIFE county committee a suicide razor. Before ting her throat she cut her baby left throat by killing herself old. A note be She was 97 years killed her baby her stated that site was going to die. of she and could cause she thought not bear it the thought Williving without was it. recently taking Me died. AN Johnson. officer colored boy the to boy at liam on & A train. through when a windo high train the tempted to escape was running at a 11 heels while the but fell under The boy rate of spee to pieces. arwas only and was 16 ground year old and had been rested for breeny was hang ed JOSEPH A. HOWELLS He was a school on the 1th. 1889, murdered Trenton and in January and her four chil teacher hiscousin. Mrs. Hall. and burned the the dren near Brookfield, bodies to hide the house over their was stubbornly fought the crime. courts; The ease biit he failed to escape of in penalty agricultural of his crime implement Manufactur- house THE Whitman & Barnes 1996 the the Co., and City, was burned was a a street. evening. Kapsits The building brick with other built five-story feet on Twelfth street and $95,000. solidly frontage of running forty-eight back 110 feet Loss. $120,000: insurance. well-to-do armer. be SAM TURNER a other day. and to Mexico the was decus ed went intoxicated outskirts of the city coming in the for money lonely spot presumably McKinney and murdered. and William confessed Joe Donnelly arrested Donnelly victim's head while were he held the brains out. the McKinney that beat his ANTOINETTE of of duSt SISTER FRANCIS Joseph has Catholic found the church ties order prescribed for her by the strength She and will has the laid too exacting aside the nun's life. habit. She is the daugh- Kanretire to private late Patrick Brennen, died last a May, to anted sas ter City of capitalist his family who an estate her of a about spewhich leaving The pope authorized her cial $75,000. dispensation ion. habit. to aside her appointed the followat to Gov put STONE has the Pan American Washing delegates which meets medical congress 5 to S: Dr. ington September of Columbia: Dr. Walton Drs. J. R. McAllister. of New Madrid: of Kansas City: of Bannon, and W. P. King F. J. Lutz. Snell Prewitt and of Sedalia Drs. T. F. Dr. J. W. Trader. Dr. St. Louis: Baskett of Hannibala Dr. W. B Macon Dr. A. Rockwood. J. N. of City. Nevada: and Dr. Thomas time since who ten 11. Miller. Doy of of St. Joseph. the governor years par doned SOME Dr. A. a R. man Gonce. named to Kaiser the peni- in ago killed and wassent The parTaney county for thirty years. the repretentiary granted upon fatally ill and don was Gonce was days. Soon after Gonce tion that but few married returning could surviv to his home Mrs. Kaiser. widow third of This is his the of the stepmother inurdered man. once before served in wife and he had for bigamy. St. Louis the penitentiary VAIL died at of injuCHARLES day F. from the previous effects by fallHe the other received a few days His life, alries down an elevator. been eventful. killed ing brief. has whose wife though young man by the discharge is the Charles in 1890 while he was of at St. pistol in his a pocket Luggy. had been her helping her but into few months which and looked tried suspicions murder, but life married heavily and he insured. was acquitted. arrested and Now he for died violent death. good many antice vicinity were has LIGHTNING cut of up Chillicothe a the killed other in At in the Several persons ricks burned day. pastures and hay Milwaukee & agent St. Paul, had Dawn. on the struck and was the made deaf for twenty-four. his the clothes depot torn off but and otherwise uninto pardon jured. STONE has granted convicted in Shelby from a Charles Gov. W. October Moore, 1889. of larceny to the peniMoore county dwelling in and six years. sentenced The pardon immeleave diately granted tentiary on for condition the state that and remain of Newfamily away. FIVE members of of Nevada, the were their recently food, Plunkett. poison in person. ton made very sick by by an unknown administered All recovered. of delega of Missouri meeting