10740. Fifth National Bank (St Louis, MO)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
2835
Charter Number
2835
Start Date
November 7, 1887
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini
Short Digest
6aad5c91

Response Measures

Borrowed from banks or large institutions, Full suspension, Books examined

Other: Cashier arrested for false entries; receiver appointed.

Description

Multiple contemporaneous articles report a heavy run starting Friday and continuing Monday (Nov 7–8, 1887), leading directors to close the bank to realize securities. Examiner took charge and a receiver was appointed mid-November; cashier arrested for false entries and fraud. Cause is bank-specific: bad loans to director-related firms (Rosenthal & Co., Meyer Lumber, etc.) and falsified entries. Dates derived from publication dates and article text.

Events (3)

1. November 7, 1887 Run
Cause
Bank Specific Adverse Info
Cause Details
Run triggered by disclosure/rumors of heavy exposures to failed wholesale millinery Rosenthal & Co. and other bad loans; directors heavily indebted and reports of stock being sold.
Measures
Bank closed its doors to realize on securities; borrowed $20,000 from Continental Bank; attempted to send checks on other banks to clearing house; directors suspended payments pending realization of assets.
Newspaper Excerpt
On Friday they had to meet a heavy run, and as the depositors continued to withdraw their funds to-day the bank closed its doors.
Source
newspapers
2. November 8, 1887 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors closed the bank after continued withdrawals and discovery of large uncollectible loans, falsified entries by cashier, and heavy involvement with failed firms (Rosenthal & Co., Meyer Lumber, etc.).
Newspaper Excerpt
The Fifth National Bank closed its doors at 1:15 P. M. to-day...There was a run on the bank this morning which resulted in the closing until securities held by the institution could be realized on.
Source
newspapers
3. November 15, 1887 Receivership
Newspaper Excerpt
Tene Stephens ... was appointed receiver of the Fifth National Bank this morning. It is reported that the grand jury has found an indictment of making false entries against Cashier Crecelius.
Source
newspapers

Newspaper Articles (21)

Article from Los Angeles Daily Herald, June 24, 1887

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EASTERN NEWS. e The Fidelity Bank in Government Hands. CHICAGO DERBY COMPETITORS Precautionary Measures to Prevent Pleuro-Prieumonia Among Cattle. Associated Press Dispatches to the HEBALD CINCINNATI, June 23.-Hon. W.L. Trenholm, Comptroller of Currency, who arrived hereto.day and took charge of the Fidelity National Bank, was interviewed this morning regarding its affairs. His suspicions had first been aroused in April last, when he discovered the Fidelity had "reserve accounts" of eighty country banks and its indebtedness to other banks was very large. When notice of the apparent connection of the bank with the Chicawheat deal was first given in the press the local examiner was directed to remain in Cincinnati and be ready to act. This was done when the checks were protested in New York. The receiver has not been appointed, but will be by Treholm. No definite statement of the bank's affairs can be made until after the receiver takes charge. The Gov. ernment had acted as soon as there was tangible evidence of wrong doing. The sensational feature of to-day's proceedings was the surrender late this afternoon of E. L. Harper and E. Hopkins by their bondsmen. Desperate efforts had been made by them to-night to get new bondsmen, but at a late hour they were unsuccessful. LATEST NEWS. Harper and Hopkins being unable to get bondsmen, went to jail about midnight. A ST. LOUIS DEBT. ST. LOUIS, June 23.-The funds in the Fifth National Bank of this city, belonging to the Fidelity Bank of Cincionati, were garnisheed to-day at the instance of the Union National Bank of Cleveland, to satisfy a debt of $25,000. ARREST NOT ORDERED. WASHINGTON, June 23.-At the office of the Comptroller of the Currency it is said no instructions have been sent to Cincinnati for the arrest of the officers of the Fidelity National Bank, beyond the general instructions sent to the examiner there to take every precaution to prevent the escape of any officers who may be criminally guilty. WILSHIRE ARRESTED. This evening J. W. Wilshire, the broker who took the checks of the Fidelity Bank to Chicago to try to hold up the market, was also arrested, charged with aiding the wilful and unlaful misapplication of the funds of the bank. He gave bond in $35,000.


Article from The Wheeling Daily Intelligencer, November 8, 1887

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NATIONAL ANK SUSPENDS. A Big Run Causes It to Close Its Doors. Bad Management. Sr. LOUIS Nov. 7.-The Fifth National Bank clcsed its doors at 1:15 P. M. tc-day. T. B. Rosenthal, Joseph Specht and Marcus Wolffe are directors of the bank. The latter has brought two suite of attachment against T. B. Rosenthal, aggregating $71,000, and it is thought that Rosenthal was indebted to the bank to n considerable amount. The bank is situated at 700 North Broadway, and had a capital stock of $390,000. The usual deposita amounted to about $400,000. On Friday they had to meet a heavy. run, and 89 the depositora continned to withdraw their funds to-day the bank closed its doors A few minute before 1 o'clock. Henry Overstoltz, former Mayor of this city, is President, and O.C. Crecelius is Cashier. The President of the bank has been sick ior some time and the management has been entirely in the hands of the directore, some of whom now appear to be quite heavily indebted to the bank.


Article from The Morning News, November 8, 1887

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A ST. LOUIS BANK CLOSED. Directors Heavily Indebted to the Institution. ST. LOUIS, Nov. -The Fifth National Bank of this city closed its doors to-day. It had a capital of $325,000 and usually carried about $1,130,000 in deposits. A run upon it had been in progress since Friday. Henry Overstoltz, former Mayor of the city, was President, and C. C. Crecilus cashier. The President has been sick for some time, and the management has been entirely in the hands of the directors, some of whom now appear to be quite heavily indebted to the bank. The failure affects several firms in this city to some degree, and three concerns whose names have not transpired, are reported to be crippled. It is claimed that depositors will be paid in full.


Article from Telegram-Herald, November 8, 1887

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A St. Louis Bank Embarrassed. Sr. LOUIS, Nov. 7.-The rumored closing of the doors of the Fifth National bank are verified. There was a run on the bank this morning which resulted in the closing until securi" ties held by the institution could be realized on. The immediate cause of the crash is supposed to be the recent failure of the wholesale millinery establishment of Rosenthat & Co. last week, I. B. Rosentnal being one of the directors of the Fifth National Bank. The bank is believed to be heavily involved. Its capital stock was $500,000, and deposits are upwards of $1,000,000.


Article from The Indianapolis Journal, November 8, 1887

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ANOTHER BROKEN BANK. The St. Louis Fifth National Closes Its Doors the Result of Poor Security. ST. LOUIS, Mo., Nov. -The Fifth National Bank closed its doors at 1:15 P. M. to-day. I. B. Rosenthal, Joseph Specht and Marcus Wolffe, are directors of the bank. The latter brought two suits of attachment against I. B. Rosenthal, last week, aggreg ating $71,000, and it is thought that Rosenthal was in debted to the bank to a large amount. The bank is situated at No. 700 North Broadway, and had a capital stock of $325,000, with a surplus of $45,000. The usual deposits amounted to $1,130,000: securities $1,500,000. On Friday they had to meet a heavy run, and as the depositors continued to withdraw their funds to-day, the bank closed its doors. Henry Overstoltz, former Mayor of this city, is president, and C. C. Crecelius, cashier. The president of the bank has been sick for some time and the management has been entirely in the hands of the directors, some of whom now appear to be quite heavily indebted to the bank. The failure affects several firms in this city to some degree. and three concerns whose names have not transpired are reported to be crippled. It is claimed that depositors will be paid in full Within the last month the stock of the bank has been sold at 105, and this morning at 50. The officers of the bank are quite reticent in regard to its affairs, beyond stating that the depositors will be paid in full and that the stockholders will receive 75 per cent. of the stock's face value. From other sources it IS learned that I. B. Rosenthal & Co., who failed a few days ago, were indebted to the bank about $70,000, and that several other weak firms have obtained money from the bank on poor security. Of discounts and loans amounting to over a million of dollars, it is said that a large part cannot be collected, and that other assets of the bank cannot be realized on to their full value. The real cause of the suspension 18 said to be an attempt, this morning, on the part of the son of the vice-president, James Green, who is in Europe. to withdraw $40,000 of his father's funds from the bank. His checks were refused, and this, in connection with other withdrawals on the part of those who are considered close friends of the bank, induced the directors to close. It is likely that a receiver will be asked for. The fact of the failure has not yet been imparted to President Overstolz, on account of the fear of his friends that the knowledge might have a very serious effect upon him, if not cause his death.


Article from Rock Island Daily Argus, November 8, 1887

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A ST. LOUIS BANK IN TROUBLE, Because a Director Fails in His Millinery Business-The Doors Closed. ST. LOUIS, Mo., Nov. S.-The doors of the Fifth National bank were closed Monday afternoon. There was a run on the bank in the morning, which resulted in the closing until securities held by the institution could be realized on. The immediate cause of the rush is supposed to be the failure of the wholesale millinery establishment of Rosenthal & Co. last week, I. B. Rosenthal being one of the directors of the Fifth National bank. The bank is believed to be heavily involved. The capital stock of the bank was $500,000, and the deposits are upward of $1,000,000. The bank had to meet a heavy run Friday, and as the depositors continued to withdraw their funds Monday, the bank closed its doors a few minutes before 1 o'clock. Henry Overstoltz, formerly mayor of this city, is president, and C. C. Crecelins cashier. Mr. Overstoltz has been sick for some time, and the management has been entirely in the hands of the directors, some of whom now appear to be quite heavily indebted to the bank. The failure affects several firms in this city to some degree, and three concerns whose names have not transpired are reported to be crippled. It is claimed that depositors will be paid in full. Within the last month the stock of the bank has been sold at 105 and Monday morning it found a ready market at 95.


Article from St. Paul Daily Globe, November 8, 1887

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A St. Louis Bank Fails. Special to the Globe. ST. LOUIS, Nov. 7.-The rumored closing of the doors of the Fifth National bank is verified. There was a run on the bank this morning which resulted in the closing until securities held by the institution could be realized on. The immediate cause of the crash is supposed to be the recent failure of the wholesale millinery establishment of Rosenthal & Co. last week, J. B. Rosenthal being one of the directors of the Fifth National bank.


Article from The Waco Daily Examiner, November 9, 1887

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The Firth National Smash. ST. LOUIS, Nov 8.-Forman, the Du Quoin, Illinois bank examiner. touk charge of the Fifth National bank to day and will wind up its affairs. He 88V8 the depositors will be paid in full and the stockholders will realize about 70 per cent. On Saturday the bank borrowed $20 000 of the Continental bank on security in response to the demand from the clearing house This they thought would tide them over until Monday. On Monday they were surprised at the demand of $40,000 from the clearing house and on injutry found that Charles H. Green had checked out his whole deposit of $40,000. The Continental became satisfied that it would take $250,000 cash to tide the bank through, and they could not advance that amount 80 the Fifth Nationalsuspended and returned $12 000 to the Continental and gave security for the balance. The bank sent up to the Clearing house checks on other banks amounting to $110,000 to balance checks against it. But this was only 63 per cent of the dempnds, and the clearing house man agers decided not to pay anything on the/checks until the receiver is appointed. It now transpires that the bank was troubled by the refusal of 8 New York bank to honor its draft and by the publicat 0 of 8 paragraph saying that the bank's stock was being sold on the streets. The cause of the failure was indiscriminate lending of money to business concerns which were doing large business on small capital. They have been carrying wholesale and retail concerns which have been doing 8 losing business.


Article from The Indianapolis Journal, November 9, 1887

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Business Embarrassments. Special to the Indianapolis Journal SOUTH BEND, Ind., Nov. 8.-J. W. Taylor, & well-known oil dealer in this city, sold his real estate and left very suddenly to-day. The Standard Oil Company levied on his interest in several groceries in this city. They charge that he has left the city with $5,500 of the funds. JOLIET, III, Nov. 8.-The Lock-stick Fence Company was closed out to-day on judgments aggregating over $10,000 in favor of local banks. There are other large judgments to come in against the Lock-stick company. The men connected with it are some of the most prominent in barb-wire circles. NASHVILLE, Tenn., Nov. 8.-The Nashville plow factory assigned to-day for the benefit of creditors. Their assets comprise machinery, buildings, ground and stock valued at $64.514.72, and their liabilities amount to $55,328.74 There are but six creditors, being three banks, two iron companies, and one individual debt of $2,000. ST. LOUIS, Nov. 8.-H. A. Forman, of Duquoin, Ill., bank examiner, took charge of the Fifth National Bank to-dav, and will wind up its affairs. He sars depositors will be paid in full, and stockholders will realize about 70 per cent. It now transpires that the bank was troubled bv the refusal of a New York bank to honor its drafts. and by the publication of a paragraph saying the bank's stock was being sold on the street. The real cause of the failure is said to have been indiscriminate lending of money to business concerns which were doing large business on small capital.


Article from Press and Daily Dakotaian, November 9, 1887

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DEPOSITS OVER.A MILLION AND THE CAPITAL STOCK HALF A MILLION DOLLARS. The Fifth National Bank, of St. Louis, in Sympathy With One of Its Ruined Directors, Is Forced to Close Its Doors to Realize on Securities. ST. LOUIS, Mo., Nov. 8. -The rumored closing of the doors of the Fifth National bank are verified. There was a run on the bank Monday morning, which resulted in the closing until the securities held by the institution could be realized on. The immediate cause of the crash is supposed to be the failure of the wholesale millinery firm of Rosenthal & Co., last week. J. B. Rosenthal being one of the directors of the Fifth National bank, the bank is believed to be heavily involved The capital stock of the bank was $500,000 and the deposits areupward of one million.


Article from The Portland Daily Press, November 10, 1887

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GENERAL NEWS. The Nashville flour factary has assigned. Assets valued at $64,175; liabilities, $55,328. The St. Louis Planing Mill Company has failed on account of the collapse of the Fifth National Bank. Cashier C. C. Crecilius, of the St. Louis Fifth National Bank, which is embarrassed, has been arrested for making false entries to a large amount. The recent conference of Provincial ministers adopted resolutions in favor of reciprocity, declaring that it would not lessen Canada's loyalty to the mother country. Congressman Geo. D. Wise and Editor Wm. H. Mullen, of ther Labor Herald, had an encounter on the streets of Richmond yesterday, and were fined in the police court to-day. E. F. Searles, who is reported to have married Mrs. Mark Hopkins, the possessor of $20,000,000, is 45 years old. He belonged to a New York firm of house furnishers and has done a great deal of work for Mrs. Hopkins. President King, of the Erie Railroad, received a threatening letter Tuesday signed "A Desperate Devil," and threatening violence unless five hundred dollars were given up. Detectives have afrested a crank named Campbell.


Article from Jamestown Weekly Alert, November 10, 1887

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ANOTHER BANK FAILURE. The Fifth National Bank of St. Louis Closes Its Doors. ST. LOUIS, Nov. 9.-The rumored closing of the doors of the Fifth National bank is verified. There was a run on the bank in the morning which resulted in the closing until securities held by the institution could be realized on. The immediate cause of the crash is supposed to be the recent failure of the wholesale millinery establishment of Rosenthal & Co. last week, J. B. Rosenthal being one of the directors of the Fifth National bank.


Article from New-York Tribune, November 10, 1887

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y PLUNDERED BY ITS OFFICERS. 5 THE ST. LOUIS NATIONAL BANK FAILURE CASHIER CRECELIUS ARRESTED AND PRESIDENT h OVERSTOLZ DYING-GUILELESS DIRECTORS. 1 [BY TELEGRAPH TO THE TRIBUNE.I ST. LOUIS, Nov. 9.-The suspension of the Fifth : National Bank was followed to-day by the arrest of on of ) and the cashier, the announcement C. C. Crecelius, that the the president, charge Henry fraud. t Overstolz, was dying. The evidence in the hands of the National Bank examiner shows that the institution has been wrecked by the action of the pres Ident and cashier in speculating in outside enter prises. All the bank has now to show for its wasted funds is $300,000 of worthless paper. Mr. Forman. the examiner. said : I "For six months the cashier has been makin false entries. You see the fraud was committed by increase Ing the statement of cash on hand in each case by $100,000. The Item of loans and discounts was then decreased by 8100 000 80 as to make the footings correct. The fraud was plainly evident as the figures had been altered. The money loaned to the Meyer Lumber Company was loaned to it under foue or five different names. Of course, In a case of that kind, the bank examiner could not tell that the bank was overloaned. That was something for the di. rectors to know. We knew that the bank had made excessive loans to two persons. I so informed the Government when I made my examination of the bank. and the Government notified the bank to re+ duce its loans. Instead of doing so it increased them. Why, only on October 31 I find a note of the John Meyer Lumber Company for $33,000. Mr. Specht. one of the directors, tells me that he never saw this It to him. The note until been I showed whole bank seems to have run by the president and cashier. The directors were not allowed to know anything about the condition of things. They had the cashier's sworn statement, and they accepted it. 'The cashier was really the head of the lumber company. The bank lost $40,000 on a cotton speculation. It bought the Elliotsville Woollen Mill at Danielsville, Conn., and loaned money to the concern under four names in order to evade the law prohibiting loans of more than 10 per cent of capital to one concern. Here is a hide-dealer named Gold. smith who is in for $12,000 under three or four names. He turned over all his effects to the bank to-day. The directors were just figureheads and were entirely ignorant of what was going on. The St. Louis Planing Mill Company. in which Crecelius is was a director, owes the bank $130,000, and it almost a total loss. All the books are falsified, and it is probable that very little will be left when the truth is known." President Overstolz is an ex-Mayor and one of the most prominent financiers of the city. Crecelius has also stood well and was connected by marriage with the president. George A. Rubelman, director and acting president of the bank in the absence of Vice-President James Green, who is in Europe, was seen, and said that he knew nothing in particular about the developments brought out by the bank examiner. Mr. Overstole and Mr. Crecelius managed the bank's affairs, and the directors merely went around daily to look at the paper. which was a purely formal proceeding We all trusted Mr. Grecellus, and we had unbounded confidence in Mr. Overstoiz." Did you know nothing of the changes in the tigures of the cash entries No, sir I knew nothing about it. I now learn that this kind of work has been going on for years back, ever since, in fact, the bank was organized in 1881. The arrest of Crecellus was made at the bank Mr. Creceitus was much astonished when the warrant was read to him and broke down completely. He wept all the way to the Federal Building, and when Marshal Phone Couzins gave up her room to him he sat down on the sofa and cave way to tears He was left in the reem without any person to watch him. The deputies went about other work. and Chief . Deputy J. H. Bohle being away at luncheon, only Miss Couzins remained to stand guard at the door. The bond was fixed at $50,000. and being unable to furnish it Crecelius is still a prisoner.


Article from The Sun, November 10, 1887

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RUINED BY RASCALITY. The Cashier of the Smarked National Bank Under Arrest. Sr. LOUIS, Nov. 9.-Developments in the Fifth National Bank suspension show fraud and forgery. and the cashier. C.C. Crecilius, is now under arrest charged with false entry and forgery. President Henry Overstoltz would have been arrested if not on his deathbed. He died this afternoon. He was formerly Mayor of this city. It is reported that on the books the figures of more than fifty entries have been changed It is further charged that on two occasions Crecillus's reports to the bank directors were false. Crecilius was interested in five concerns which the bank was carrying in sums ranging from $50.000 to $150.000 each without security.


Article from The Salt Lake Herald, November 16, 1887

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Cashier Crecilus. ST. Louis, November 15. - Tene Stephens, of Boonville, Mo., was appointed receiver of the Fifth National Bank, this morning. It is reported that the grand jury has found an indictment of making false entries against Cashier Crecilus.


Article from The Morning News, November 16, 1887

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St. Louis' Broken Bank. Sr. LOUIS. Mo., Nov. 15.-Lon. F. Stevens, of Booneville, Mo., was appointed receiver of the Fifth National Bank this morning. It is reported that the grand jury has found an indictment for making false entries against Cashier C. R. Cecilius.


Article from Mineral Point Tribune, November 17, 1887

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# CRIME. NINE bandits recently captured by the Mexican military in the Rio Grande region have been executed, and others are awaiting their fate. JOHN JAMBOR, who attempted to kill ex-Mayor Secor, of Racine, Wis., by placing a bomb in the road in front of his carriage, has been sentenced to ten years in the state penitentiary. BURGLARS broke into the principal dry goods store in Springfield, Ill., Sunday night, blew open the burglar-proof safe and robbed it of several thousand dollars. AT Philadelphia, Monday, Mrs. Anna Cross, aged 45, was shot four times by Samuel Roystreck, who alleges that he married the woman a year ago, but that in June last she deserted him and wedded Cross. THE Grand Jury has completed its investigation of the railroad slaughter at Kouts, Ind., and it is reported that several indictments have been found. WORD comes from Marinette, Wis., that an attempt was made near Menominee to wreck a Northwestern train by placing cordwood on the track. The engineer saw the obstruction in time to prevent a catastrophe. TUCK AGEE, a white man, who murdered his brother-in-law in a quarrel over a few ears of corn, was hanged Friday, at Lexington, being the first execution of a white citizen in central Kentucky since the war. On complaint of the Bank Examiner Cashier C. C. Crecilius, of the suspended Fifth National Bank of St. Louis, was arrested Wednesday on charges of fraud and forgery. It is alleged that fifty entries were found to have been changed; that his reports to the bank directors were false, and that he carried, without security, five firms for sums ranging from $50,000 to $150,000. IT is now stated that the men recently lynched in West Virginia for the murder of the Rev. Mr. Ryan, were killed because they had assisted marshals to capture "moonshiners," and that Mr. Ryan lost his life at the hands of others than those who were the victims of mob vengeance. There is a great mystery about the whole affair, but every effort is being made to bring the lynchers to justice. THURSDAY night, at Louisville, Charles B. Brownfield, a dissipated character, cut the throats of his wife, his 10-year-old daughter, and his brother-in-law, William F. Bruner, and then hanged himself. He left a note stating that he was tired of life owing to his propensity for gambling; that he did not want his wife and child to be left penniless, and that he killed Bruner because he didn't think he was fit to live.


Article from The Indianapolis Journal, November 26, 1887

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Affairs of the St. Louis Fifth National. ST. LOUIS, Nov. 25.-Receiver Stephens. of the defunct Fifth National Bank, will bring suit, in a few days, against the directors of that institution to determine their liability to stockholders by the frauds through which the bank's money was wasted. Two suits will be brought in the name of the Comptroller of the Currency. The question at issue between the subscribers to the new stock of the bank and the receiver is in the hands of the Attorney-general at Washington. Steps will be also taken to have the trustees of different concerns indebted to the bank replaced by disinterested parties.


Article from Daily Kennebec Journal, November 30, 1887

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Bank President Dies. ST. LOUIS, Nov. 29. Ex-Mayor Henry Overstaltz, president of the defunct Fifth National bank. died this forenoon of heart trouble. He did not know the bank had suspended.


Article from The Pickens Sentinel, December 8, 1887

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enty-five cents per thousand. Mary J. Robertson, for OV president of the Calhoun M ciation in Charleston, died y the present intense col hwest steam-heating of railro practiced with entire suc R. Fuller, State Auditor of yesterday. He was twic explosion of choke damp in a colliery in Poremba thirteen miners and woundi London dispatch says that Mitchell were matched last to the finish, with bare knuc a side. -Governor St. John of Kau the Prohibition party is the increasing in numbers. H candidate for the Presidency H. Parker, foreman of th Darby's mills, in Palatka, in the shafting yesterday 1 was killed before the engine Telschow, court dentist, to San Remo to operat Prince's teeth. This wo dicate that the Prince's cond oved. building of the Strobridg Company in Cincinnati by fire yesterday mornin at a half million; ins ,000. chacl O'Brien, a tramp, who Miss McGregor in Alame was taken from jail W by citizens and banged. T the girl is doubtful. Swygert purchased yester Brothers the great colt Tre this being the largest $ in this country for a home-b for stud purposes. hirteen-year-old colored boy a to board a freight tra and steal a ride to Chattano and his left foot was so badly necessitate amputation. vender at Killarney has to a month's imprisonment opies of United Ireland conta of meetings of suppressed National League. Czar has commuted to deg ranks the sentences of officers who were convicte in a revolutionary conspi to exile in Siberia. Overstaltz, president of I Fifth National Bank of St. L of that city, died yest disease. He did not know had suspended. surveying party, which und of the Nicaragua Canal Con will make the final on the steamer Hondo fr yesterday. The survey will until April or May. commanders of the differe in France have received S which they are to op of an outbreak following the new President. esident Cleveland has made increase in value of "Red 1 place he bought near Was Whitney is reported to h by realizing $90,000 profi of land he bought in the vicin shock of earthquake was felt county of Lancaster, Engla yesterday morning. A 1 accompanied the shock. I and people ran out of thei


Article from The Sedalia Weekly Bazoo, June 25, 1889

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We print elsewhere a clipping from the Globe Democrat concerning Col. Lon V. Stephens' management atthe defunct Fifth National Bank, at St. Louis. Ninety-five per cent to the depositors of a thoroughly wrecked bank bespeaks excellent financial manaagement in the receiver.