11383. Montana National Bank (Helena, MT)

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: national
Bank ID: 2813
Charter Number: 2813
Start Date: July 27, 1893
Location: Helena, Montana (46.593, -112.036)

Metadata

Model: gpt-5-mini
Short Digest: a090283a

Response Measures

Full suspension, Books examined

Other: Depositors accepted certificates of future payment; receiver appointed and later bank reorganized and reopened.

Receivership Details

Date receivership started: 1893-08-02
Date receivership terminated: 1893-12-11
OCC cause of failure: Losses

Description

The Montana National Bank of Helena was involved in heavy withdrawals and failed to open on July 27, 1893 (part of the 1893 banking panic). It was placed in the hands of a receiver in early August and later reorganized; depositors accepted a resumption plan and the bank formally reopened in December 1893. Cause is attributed to the wider money-market stringency and runs/inability to realize on assets (systemic/macro panic).

Events (9)

1. November 11, 1882 Chartered

Source: historical_nic

2. July 27, 1893 Run

Cause: Macro News
Cause Details: Heavy withdrawals and inability to realize on securities/assets amid the wider July 1893 money-market panic caused runs on Helena banks.
Measures: Large depositors came to the rescue for other banks; Montana National later proposed a resumption plan for depositors (certificates in lieu of balances).
Newspaper Excerpt: The First National and Montana National banks failed to open this morning and a run is now in progress on the other banks of the city.
Source: newspapers

3. July 27, 1893 Suspension

Cause: Macro News
Cause Details: Suspension caused by continual withdrawals and inability to realize on assets quickly during the banking/stringency panic of July 1893; reported as temporary suspension despite ample assets.
Newspaper Excerpt: The First National and Montana National banks failed to open this morning. The two closed banks have ample assets, but it cannot be realized.
Source: newspapers

4. August 2, 1893 Receivership

Source: historical_nic

5. August 3, 1893 Receivership

Newspaper Excerpt: The comptroller of the currency appointed ... Col. Thomas A. Marlow receiver of the Montana National bank of Helena, Mont.
Source: newspapers

6. September 19, 1893 Other

Newspaper Excerpt: Plan of resumption presented to the depositors by the directors of the Montana National bank ... depositors accepting certificates of deposit payable in installments (6% interest).
Source: newspapers

7. December 11, 1893 Reopening

Newspaper Excerpt: The Montana National bank will open its doors for business... It will start with ... $350,000 in cash in its vaults ... To-morrow morning the Montana National bank will open its doors for business ... the bank will open its doors to-day ... The Montana National bank, of Helena, which suspended last July, reopened Monday.
Source: newspapers

8. December 11, 1893 Restored To Solvency

Source: historical_nic

9. February 23, 1901 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (23)

1. July 27, 1893 San Antonio Daily Light San Antonio, TX

Article from San Antonio Daily Light, July 27, 1893

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Two More Banks Flicker. HELENA, Mont., July 27.-The First National and Montana National banks, failed to open this morning and a run is now in progress on the other banks of the city. At 11 o'clock this morning the run is now confined principally to the Merchants' National bank, which is paying everybody. They are confident that they will be able to stand the run. The two closed banks have ample assets, but it cannot be realized. S. T. Houser is president of the First National; capital stock is $500,000; surplus, $100,000; undivided profits, $600,000, and average deposits, $3,250,000. John T. Murphy is president of the Montana National bank; capital stock is $500,000; surplus $100,000; undivided profits $100,000 and average deposits $1,500.000.

2. July 28, 1893 The Times Richmond, VA

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Three More National Banks Fail. SEATTLE, WASH., July 27.-A Spokane special says: The First National Bank suspended payment yesterday. The Spokane Savings Bank, connected with National, closed at the same a few minutes time. the First In the news was generally known throughout the city, received quietly. There was no at any of President Glover stated effect banks. but was perceptible suspended, the that other the bank has only temporarily and all depositors will be paid in full. HELENA, MONT., July 27.-The First National and the Montana National Banks failed to open this morning. A run then began on the other banks of the city. LOUISVILLE, KY., July 27.-The Farmers' Bank, of Mount Sterling, Ky., suspended payment this morning. MIDDLESBORO, KY., July 27.-The First National Bank, of this place. closed its doors this morning. A notice upon the doors reads: 'This bank is closed by order of the directors. J. P. Sandiford, cashier." PORTAGE, WIS., July 27.-The City Bank closed its doors this evening. The suspension is due to the condition of the money market. PORTLAND, ORE., July 27.-The Portland National Bank and the Northwest Loan and Trust Company, of this city, suspended payment this afternoon. HELENA, MONT., July 27.-The First National Bank has assets of over $1,000,000 in excess of liabilities. The Montana National has $850,000 in excess of Habilicould not get meet the demand. enough ties. They to simply The currency Merchants' National stood three hours' run, and then received in deposits more cash than had been withdrawn. There was no run on the other banks. CHICAGO, July 27.-The clearing-house this evening decided to issue clearinghouse certificates. Business Embarrasements. WALTHAM, MASS., July 27.-On July 1st the American Waltham Watch Company gave its hands a month's vacation. To-day the company announced that the vacation will be extended to August 7th, and when the works are started only half the force will be employed. Along with this announcement comes the statement that the Elgin Watch Company will discharge half its hands August 1st. Each company employs about 3,000 persons. There is consternation in Waltham. BOSTON MASS., July 27.-Ticknor & Co., publishers, 211 Tremont street, are financially embarrassed, and have made an assignment to Charles Fairchild. The to the business of James & Co. when the G. firm Hagood succeeded firm failed, in 1885. Besides its book-publishing business the firm publishes the American Architect. Creditors are well disposed toward Ticknor, though they will have no trouble about the adjustment of affairs. HARRISBURG, PA., July 27.-The American Tube Iron Company, located at Middleton, has gone into the hands of a receiver. The company has no mortor gages, judgments bonded raise indebtedness funds, against it, but could not owing to the stringency in the money market It is one of the largest concerns of the kind in the country, employing fifteen hundred hands. It makes all kinds of wrought iron pipe and tubing. CINCINNATI, O., July 27.-The Deer Creek Cotton Mills, Fifth street and Eggleston avenue, and the Belting factory, on Plum and Canal streets, controlled by Henry Pearce, Sons & Co., shut down indefinitely to-day, throwing 500 hands out of employment. Dull trade is the cause given.

3. July 28, 1893 The Herald Los Angeles, CA

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THE PANIC IN MONTANA. Two of the Strongest National Banks in Heiena Suspend. HELENA, Mont., July 27.-The First National and the Montana National banks failed this morning. Ex-Governor Houser is president of the First National. The capital stock is $500,000; surplus, $100,000; undivided profits, $600,000, and average deposits, $3,250,000. John T. Murphy is president of the Montana National; capital stock, $500,000; surplus, $100,000; undivided profits, $100,000; average deposite, $1,500,000. It is claimed its assets are $1,750,000; liabilities, $900,000. The officers say eventually it will pay in full. The Firet National had a capital and surplus of over $1,250,000. It-paid out over $1,000,000 the past week. The Montana National paid out nearly $500,000. The other banks are standing the run well. It is heaviest on the Merchants' National bank. Big depositors came to the rescue and deposited faster than it was paid out. The excitement is subsiding. The failed banks are among the oldest and strongest, in the city. Both had ample assets but could not realize fast enough. C. W. Cannon, A. M. Holter and S. C. Aehley, all leading capitalists, have made personal assignments.

4. July 28, 1893 New-York Tribune New York, NY

Article from New-York Tribune, July 28, 1893

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TEN MORE BANKS CLOSED. SIX OF THEM ARE IN STATES OF THE FAR NORTHWEST. INABILITY TO REALIZE ON ASSETS THE CAUSE OF THE SUSPENSION OF ALMOST ALL -THE PANK FAILURES FROM MAY 1 TO JULY 22. Seattle, Wash., July 27.-A dispatch from Spokane says: "The First National Bank suspended payment* yesterday afternoon. Its doors closed at 2 o'clock, and the following notice was posted: "Owing to continued withdrawals by the depositors, and inability to realize on securities, this bank has temporarily suspended payment.' "The Spokane Savings Bank, which is connected with the First National, was closed at the same time. In a few minutes the news was generally known throughout the city, but it was received quietly. There was no effect perceptible at any of the other banks. President Glover says that the suspension is only temporary, and that all depositors will be paid in full." Portland. Ore., July 27.-The Oregon National Bank and the Northwest Loan and Trust Company of this city, suspended this morning. Both institntions were started about live years ago. The rapid withdrawal of depesits and inability to realize on securities are given as the cause of the suspension. George B. Markle is president of both institutions. Capital stock of the Oregon National, $200,000; surplus, $40,000: average deposits, $500,000. Capital stock of the Northwest Loan and Trust Company. $250,000; surplus, $25,000. Helena, Mont., July 27.-The First National and Montana National banks failed to open this morning. Runs were started on the other banks of the city, the most extensive being that on the Merchants' National Bank, which paid everybody. The 1WO closed banks have ample assets, but cannot realize. S. T. Hauser Is president of the First National. The capital stock Is $500,000; surplus, $100,000; the undivided profits are $600,000. and the average deposits $3,250,000. John T. Murphy is president of the Montapa National: its capital stock is $500,000: surplus, $100,000: Its undivided profits are $100,000, and its average deposits $1,500,000. Portage, Wis., July 27.-The City Bank closed its doors this morning. The suspension is due to the condition of the money market. Middlesberoigh. Ky., July 27.-The First National Bank of this place closed its doors this morning. The officers of the bank refuse to talk, and it is impossible to get either assets or liabilities. Most of the merchants here were depositors. Washington, July 27.-The First National Bank of Middlesborough, Ky., which closed its doors this morning, had a capital of $50,000, and 1ts individual deposits aggregated usually about $50,000. Mount Sterling. Ky., July 27.-The new Farmers' Bank of this city closed its doors this morning. The failure was caused by an inability to realize on its paper. The deposits are about $200 000. The bank holds first-class paper to the amount of $000,000. The depositors will be paid in full and the officers of thes bank hope to be able to resume business in a short time. The capital stock is $250,000. Exeter, N. H., July 27 The National Granite State Bank temporarily suspended payment this morning. The institution 18 declared by officials to be perfectly sound, the present embarrassment having been caused by a drainage of the cash supply and delayed mit tances from Boston. An immediate resumption of business is expected. Baltimore. July 27.-A summary of the bank fallures from May 1 to July 22, inclusive, shows that 301 banking institutions. with # total capital of $38,951 033, suspended. The Manufacturers' Record" publishes a complete list of closed banks by States, also a table which shows that five-sixths of these fullures and four fifths of the capital involved were in Western and Pacific States, while only 10 per cent of the failures and 11 per cent of the capital involved were in the South. The number of failures In Southern States was thirty-seven. involving $4.392,100: in the Western and Pacific States the number was 251, involving $31,258,933: and in the Eastern and Northern States, thirteen, with $2,600,000 capital.

5. July 28, 1893 Deseret Evening News Salt Lake City, UT

Article from Deseret Evening News, July 28, 1893

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BANK EXAMINERS. WASHINGTON, July 28. - Comptroller Eckles has placed the national banks that failed yesterday in the hands of bank examiners 68 follows: Examiner Weightman in charge of the Oregon National at Portland, Oregon; Flynn, Ellensburg National, of Ellensburg, Wash.; Wilson, First National of Helena, Montana; Lyman, Montana National, at Helena; Jennings, First National of Spokane, Wash. DENVER, July 28th.-The Denver Hardware Company has failed for 24 large amount. No statement. MT. STERLING, Ky,, July 28.-The Traders' Deposit bank has failed as a result of a run. The liabilities are $150,000; assets $890,000

6. July 29, 1893 The Helena Independent Helena, MT

Article from The Helena Independent, July 29, 1893

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JOTTINGS ABOUT TOWN. Francis Lynoh satisfied A mortgage to J. D. Tietjen yesterday for $1,000. Alice, the 11 months old daughter of City Marshal W. H. McCann, died yesterday. M. Lyden filed a lien veaterday against the Montana club for $920.97 for lathing work. W.G. Schoppe will speak at the Congregational church Sunday evening on "The Sabbath Question, or How Moses Prevented Hard Times." A mortgage was filed with the county clerk yesterday by Winona Manheim et conjux, of Helena, to Edward Wagner, of Helena. for $1,700, on two lots, Northern Pacific addition. The Union Pacific has for free distribution a number of beautiful and useful folders covering every section of country reached by its lines and many portions it does not penes ate. There will be an informal reception at the Montana olub to-night. Members and their friends will undoubtedly avail themselves of the opportunity to inspect the Montana's new club house. The following lode locations have been filed with the county clerk: Montana, Stemple district, by Edward Boyer; Oro Primo. Mountain Queen and Sunset, on Wolf creek, by O. C. Mortson. To-morrow evening at St. Paul's church Rev. J. Wesley Hill will deliver a lecture on "Hard Times, Bank Failures, and the Folly of 'Runs' on Them." His prelude will be on "A Bird's Eye View of the World's Fair." The following transfers were filed with the county clerk yesterdav: Beroni Steele to Herman Krooll. lot 6, block F. Blake addition. $2,250; Salley Viley Bell of sonjux to Clara M. Pickett, lot 9, blook F. Blake addition, $6,500. E. T. Wilson, the national bank examiner, returned from Great Falls yesterday. Acting under instructions from the coin troller Mr. Wilson and A. W. Lyman took charge of the First National and the MonBANA National banks. The similarity of names has led some people to suppose that the Montana Savingo bank has suspended. It is the Montana National that is temporarily embarrassed; the Montana Savings bank is open and doing business at the old stand. H. Collins, manager for Ike Hayes, has returned from Great Falls, where he has ) been for three days trying to make a match 8 between Hayes and Carroll, "the soldier." They could not agree on the time. Carroll wants no least two months to train in. Hayes wants to fight in a month. A dispatch from South Bend. Ind.. last / night says William Swendeman. of Helena, 1 rode fine at the International Bicycle meet1 ing. but did not get first any time, being too heavily handicapped. In the five mile 1 race he had to give 400 yards. He rode the 8 first three miles in seven minutes and the a quarter in thirty-four seconds. Auderson s rode the mile race in 3:37 and got first place.

7. August 2, 1893 The Star Reynoldsville, PA

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LATE TELEGRAPHIC JOTTINGS BOTH FROM HOME AND ABROAD. What is Going On the World Over. Important Events Briefly Chronicled. Financial and Commercial. MORE BANKS ARE REOPENING.-The comptroller of the currency is advised that the Hutchinson national bank of Hutchinson, Kan., which failed sometime ago, is preparing to resume business. The First National Bank of Cisco, Tex., which suspended, has been permitted to reopen its doors. Business men of Pueblo, Col., declared their faith in Colorado's business stability and denounced the intemperate language of the rabid silverites. Parkhust & Wilkinson, iron merchants, Chicago, assigned. Assets estimated at $1,000,000. Ripley & Bronson, :iron merchants. St. Louis, assigned. assets $150,000; liabilities about the same. The suspended Queen City Ban's, Buffalo, N.Y., will resume business the first week of August with a capital reduced to $300,000. At Findlay, O., the Farmers National Bank closed its doors. Depositors will be paid in full. The J. Oberman Brewing Company, Milwaukee, assigned. The bank panic at Milwaukee is over. Financial disturbances at Louisville, Ky., are over. In the banks every depositor who wanted his money got it. Some of the suspended banks, it is said, will soon resume. At Lacrosse, Wis., the private bank of John Dienlokken has closed its doors. At Portage, Wis., the German Exchange Bank has failed, At Helena, Mont., the First National bank and the Montana National bank suspended. Both has ample assets and will pay in full. At Middlesborough, Ky., the First National Bank has closed its doors. At Portland, Ore., the Oregon National Bank and the Northwest Loan and Trust Company suspended. At Spokane, Wash., the First National Bank, paid up capital $200,000, and the Spokane Savings Bank, its dependent. tem. porarily suspended. At Portage, Wis., the City Bank closed its doors. At Mt. Sterling, Ky., the Farmers' bank closed its doors.

8. August 3, 1893 Waterbury Evening Democrat Waterbury, CT

Article from Waterbury Evening Democrat, August 3, 1893

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Receivers For National Banks. WASHINGTON, Aug. 3.-The comptroller of the currency appointed receivers of national banks as follows: Jeremiah Mahoney, receiver of the First National bank of Ouray, Colo.: Thomas A. Marlow, receiver of the Montana National bank of Helena.

9. August 3, 1893 The Sun New York, NY

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More Bank Failures. BIRMINGHAM. Ala., Aug. 2.-The First National Bank failed to open its doors this morning. A notice was posted saving. Continual withdrawals of deposits and inability to collect money fast enough to meet the same caused the suspension." The capital is $250,000: assets. $1,350,000: liabilities, $650,000. A run on other banks is threatened. BOISE, Idaho, Aug. 2.-The First National Bank of Nampa failed yesterday: no statement. DENVER. Aug. 2-The Denver Safe Deposit and Trust Company assigned last evening. Assets. $400,000: liabilities. $100,000. Eastern creditors caused the assignment by pushing the concern. WASHINGTON. Aug. 2-The El Paso National Bank of El Paso. Tex., capital $150,000. and the Waupaca County National Bank of Waupaca county. Wis., capital $50,000. closed their doors to-day. The Comptroller of the Currency has appointed Jeremiah Mahoney as receiver of the First National Bank of Ouray. and Col. Thomas A. Marlow receiver of the Montana National Bank of Helena. Mont.

10. August 3, 1893 The Farmers' Union Memphis, MO

Article from The Farmers' Union, August 3, 1893

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OWN TO ETERNITY GHTFUL FATE OF OIL WEL OPERATORS. PDD 75 Injury ". S!H "I " gg-House of Commons Has a tht. Few Words. S TV THE Supsings Alang 01 149A Statement OM1 pur 11. azine near Sample's Station. Pa.. Pittsburg and Western Rallway. to suppose 40; 10 pr SUM PINK 941 T10 and 4014A 01 HONRA B 01 apoptxa 1: noum 023M S? upunoains on shoots auaos on read ejdood puu I wh about in every direction The ion of M. S Van Buren's body d is part of a leg Small shreds were scattered all about The the es were also blown to fragments, UOHUM on 10 process Items maj 1: 1. A hole was blown in the e enough for a cellar. Several injured by the concussion and g debris, but they will recover puu are 10 street 6. SRM 11.) escape of his brothers, who were t the time, was miraculous. The attempt to electrocute Murder iam G Taylor in Auburn N.Y., rsday resulted in horrible mismanaz t The foot rest of the chair bro the dynamo gave out. sothat a ent could not be applied It ught power would have 10 te obtain - the city's electric plant. Morphi pamer SUM 10:20L electric chair later. Inspector Thornby and Gatem: personsip Were oqn used oq. IT: "11" bunt of the trouble they had with sioner St. Clair. will be reinstate y were discharged on the personal ctions of St. Clair without the , of the allezed outrage having aght to the attention of the council inistration. : H. Irving, of Chicago, filled his " Suifidde 'pue Japmoduns ' blown into eternity. The home rule question caused d-to-hand conflict in the House mons at London Thursday night which Donnybrook fair pales into ificance All thoughts of dignity otten and the members fought left like so many cats and does ible was started by Joseph ain. leader of the opposition to e: he. in attempting to reply to nd Old Man, used the bitterest a J. Aq SEM pue ** un "I suppry, possiq oqm whole space between the front benel " 411M petig ss of members, striking. clawing etting each other. Manful efforts le to separate the combatants teants-at-arms forced their way throu thick of the fight. but as fast as up was pacified another came to entually Mr. Gladstone begged Edw: oribanks. a sturdy liberal, to do 12 to stop the fighting. Mr. Maj ks dug his way through the as of belligerents. and by repeated Is in the name of the Premier. succe TN cougher on Suppurers 11 ie, sitting bolt upright. watched sseadxe UR pue Joej powegup THAT au sorrow, indignation and astonishme ch will never be erased from the of those observing it. At a meeting of the Clearing Hot ociation Chicago banks were authori sue certificates in order to relieve netary stringency. Financiers weakness of sterling exchange it on. favorable feature of the money -Dr. Johnson. of Chattanooza, char: h killing Chief of Police Mitchell, n released. Mitchell's friends will 1 to the Grand Jury. -Emboldened by the lynching of tough element in Denver in plann re violence. The mayor has Issend a mation against inflammatory harang The Firstand Montana National Helena have suspended owing to vailing financial stringency. reed the liabilities in each case. -Leavenworth, Kan., is swarming mps, and three of them are an attempt to rob the County recide $,46 Colonel Jose Andrade, who during ministration of the late General am 10 charge up SUM "sojezu in rdodistrict

11. August 4, 1893 The Weekly Tribune Great Falls, MT

Article from The Weekly Tribune, August 4, 1893

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# GREAT FALLS regrets most profound- ly that misfortune has befallen some of the banks and business houses of Helena. The trouble comes from the folly and shortsightedness of depositors who withdrew their money at a time when the two banks of Helena that closed their doors yesterday could not realize by selling sheep, cattle, and other property which they hold as security for loans. There is no stronger or better bank in America than the First National, which undoubtedly has two dollars for every one for which it is liable. The same may may be said of the Montana National, the famous Broadwater bank. Both are institutions which have been managed in a very conservative way and there can be no doubt whatever of their ability to pay every dollar in due time. The same may be said of the firms that have assigned in Helena.

12. August 4, 1893 Idaho County Free Press Grangeville, ID

Article from Idaho County Free Press, August 4, 1893

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PORTLAND BANKS AFFECTED. The Oregon National and Northwest Loan & Trust Co. Fail. PORTLAND, Oregon, July 27.-The Oregon National bank and the Northwest Loan & Trust Company, an allied institution, failed to open their doors this morning. A notice posted on the doors says the suspension was forced by the withdrawal of deposits and an inability to realize on securities. The suspension caused but little excitement and there is no apparent increase in withdrawal of deposits in other banks. George B. Markle, president of both banks, says the cause of the suspension is fully set forth in the notice posted on the doors. While not able to give an exact statement he could state that depositors will be paid in full. The statement of the Oregon National, published July 12, shows the bank's assets to be eight hundred thousand dollars, deposits four hundred and fifty thousand, surplus fund forty thousand, undivided profits eleven thousand. The bank has a capital stock of two hundred thousand. The Northwest Loan & Trust Company has a capital stock of two hundred and fifty thousand. No statement is yet made of its assets and liabilities, which are mostly savings deposits. The chief creditor of the Oregon National is Multnomah county, the deposit of which amounts to about three hundred thousand dollars. The Oregon National also held some of the city money. Owing to the absence of the city treasurer the amount is not definitely ascertained, but it is thought it will reach twenty-five thousand at the least. The Northwest Loan & Trust Company made an assignment J. L. Hartman. The statement filed shows the assets to be eight hundred and sixtyfive thousand, and the liabilities about six hundred thousand. Two Banks in Helena. HELENA, Mont., July 27.-The First National and Montana National banks failed this morning. The other banks are standing the run well. The failed banks are among the oldest and strongest in the city. Both had ample assets, but could not realize fast enough. In a Receiver's Hands. HARRISBURG, Pa., July 27.-The American Tube and Iron Company, with plants at Middletown, Pa., and Youngstown, o., employing 2000 persons, has gone into the hands of a receiver. One in Kentucky. MIDDLESBORO, July 27.-The First National bank failed this morning. No statement of its assets and liabilities are given out. New York Stock Market. New YORK, July 27.-Stocks opened feverish, though some stocks received better support than of late. Temporarily Suspended. EXETER, N. H., July 27. -The National Granite State bank temporarily suspended this morning.

13. August 11, 1893 The Weekly Tribune Great Falls, MT

Article from The Weekly Tribune, August 11, 1893

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Dr. Newman was able to sit outo for a short time yesterday. John Hobbins yesterday pleaded guilty to a charge of murder. Thomas A. Marlowe has been app ed receiver of the Montana Nati bank at Helena. Col. M. J. Leaming and family leave this morning for a month's sta the Highwood mountains. Policeman Voell has been susper in accordance with the order of council that expenses should be redu The city marshal has prepared hi port for the month of July. It sl that 125 arrests were made and that chain gang put in 145 days' work Park drive. J. W. McKnight of Dupuver has n an assignment to M. C. McFadyan. preferred creditors are Silverman I & Co. $1,097.30, G. R. Newell & Minneapolis, $947.50, and Hibbard, S cer & Bartlett, Chicago, $457.61. A man giving his name as Chris ler arrived in Helena Wednesday. claimed to be a newspaper man and that he was walking around the Ur States on a wager, having starte New Orleans to make the trip in and one-half years. He is leading life of a tramp, begging his meals clothes. Alderman Roberts and W. J. Wir had quite a battle with a prairie fir the vicinity of the Menage addition night. The ten new houses in cours construction there were in immit peril, as the flames were approac them rapidly when discovered. Fo nately there was not much wind, an dint of hard work the men succeede beating it out. A watchman was pl in charge for the night. In relation to the report that the ver smelter will soon increase the n ber of its employes, an officer of the pany said yesterday that at present 1 force numbered only 150 men, but considerable ore was now on hand they would probably soon start ano stack. A considerable quantity of ore is from the Coeur d'Alenes, 8 from the East Helena smelter, and teen cars from the Diamond R, Nev and Broadwater groups. If legisla be made that will prevent fluctuatic the price of silver the smelter will I its full capacity and employ 300 but at present can not employ more 150 men. SATURDAY'S DAILY. John Largent of Sun River is at Ulm. B. Percy Clark of Choteau is at Park. Born, to Mr. and Mrs. E. J. O'Co a daughter. Mr. and Mrs. Harry Oxley left ye day for Belt. John Renner has returned from Butte races. 1 D. J. Tallant returned yesterday a western visit. The Montana Herold will sus publication for a time. G. O. McFarland's father arrived terday from the east and will visi son for some time. John Sinclair has sold the stock fixtures of the Elk saloon to A Metzmeier for $950. Alex. Raw and wife have deeded Frank Lewis lots 31 and 32, bloc Armington, for $3,000. The Fergus county Argus has celebrated its tenth birthday. May y oungster live long and prosper. Wm. Thrussell, a native of G Britain, has declared his intentio becoming a citizen of the United St Lewis W. Tappan. Jr., has bro suit against Belle Barnes, Jas. Ba Jr., and W. E. Phillips to recover S on a mortgage. William Tierney, a member of 1 state house of representatives Meagher county, came down from hart yesterday and is at the Park. Massena Bullard. assignee of A Holter. has brought suit against Queen of the Hills Mining company C. P. Downing to recover $2,273.14. E. W. King brought some wheat his ranch on Sun river yesterday shows that notwithstanding the dro a good crop will be secured in tha cinity. Judge Benton yesterday sente Dynos and Pitts. convicted of stea bolts of silk from Strain Bros., an watch from Barron and Mayer, to t years imprisonment. E. L. Fitzsimmons, the well-kn representative of the Canda Cattle company went to Cut Bank yeste afternoon to load S xty car load Floweree cattle for Chicago.

14. August 27, 1893 The Helena Independent Helena, MT

Article from The Helena Independent, August 27, 1893

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NEW SUITS INSTITUTED. A Receiver After Money a Jury Gave the High School Contractors. Thomas A. Marlow. receiver of the Montana National bank, brought suit in the district court yesterday against S. F. Whalen and John S. Grant, the contractors for building the high school, and the trustees of Helene school district, to recover $12,410. It is alleged that the bank advanced the contractors money to carry on the work and took an assignment of 15 per cont of all that WAS due or to become due. The amount of money now claimed to be due is the $21,207.74 given the contractors by the verdict of the jury. The receiver asks that the bank's claim be made a first lien on this money. E. W. Knight, cashier, has brought three suite to enforce payment of notes negotinted at the First National bank. One is against J. F. Mau and P. M. Kessler for $300, on a note of sixty days given Nov. 12, 1892: another is for $510.50 against E. M. Hoyt, who indo sed a note of W. H. Guthrie May 20, 1892, for sixty days; and the third is against P. S. Nelson on a sixty days note for $454.50, dated April 14, 1890.

15. September 14, 1893 The Helena Independent Helena, MT

Article from The Helena Independent, September 14, 1893

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# IN THE COURTS. High School Judgment Paid in-The Chicken Thief's Case. Chairman Langhorne, of the board of education, yesterday paid into court $25,147.46, the amount of the judgment and interest in the Grant & Whalen case. The costs in the case amount to $734. As the case now stands the various creditors of Whalen & Grant, interested in the judgment, will have their claims adjudicated in court. R. A. Marlowe, as receiver of the Montana National bank, has entered suit, claiming that the assignment of Grant & Whalen of about $18,000 takes precedence over other claims. This is the first case to be settled. County Attorney Nolan yesterday filed an information against Ah Coon charging him with attempted burglary. Ah Coon is the Chinaman who was caught in the act of tearing the slats off a chicken house. In the suit of C. B. Nolan vs. Thos, Kent the latter's motion for a change of venue was denied.

16. September 19, 1893 The Helena Independent Helena, MT

Article from The Helena Independent, September 19, 1893

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DEPOSITORS ACCEPTING. Montana National Bank Customers Agreeing to the Resumption Plan. The plan of resumption presented to the depositors by the directors of the Montana National bank is going to meet with almost unanimous approval if the responses received up to last night are a fair oriterion. The notices detailing the plan were only sent out Saturday night, and all day yesterday depositors were calling at the bank and leaving their signatures aocepting the plan. In addition, large numbers were received by mail. An INDEPENDENT reporter called on Receiver Mariow last night, and in reply to a question as to how the depositors were taking to the offer, be said that so far depositors representing nearly $150,000 had signed, and they had as yet heard from no one outside of the city. The plan is for depositors to accept in lieu of balances, with accrued interest to Aug. 1, 1893. certificates of deposit, bearing date and interest from Aug. 1, 1898, at the rate of six per cent per annum, payable in five equal installments of 20 per cent each. The first installment payable June 1, 1894; the second installment payable Oct. 1, 1694; the third installment payable Feb. 1. 1894; the fourth installment payable June 1, 1895; the fifth installment payable Oct. 1, 1895. Depositors who talked about the plan yesterday, said they considered it a very good one, especially as the directors did not intend to borrow any money to carry it out. In case the bank remained in the hands of the receiver it was not considered p obable that it would pay out in A8 short time as it would under the plan proposed, and in addition, if the depositers accepted the offer, they would receive interest on their balances, which they would not if the bank did not resume.

17. September 23, 1893 The New North-West Deer Lodge, MT

Article from The New North-West, September 23, 1893

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The Montana National bank of Helena, which suspended on July 26 last, has sent out circulars to the depositors announcing that it will resume on or before December 1, next. The circulars are signed by a number of heavy depositors, who have agreed to take certificates bearing interest at 6 per cent, in place of their book accounts. The certificates are payable in five equal installments, the first ou June 1, 1894, and the last on October 1. 1895. All depositors are requested to acceed to these terms and it is believed they will. Comptroller Eekles has given the bank permission to open on these terms.

18. October 17, 1893 The Helena Independent Helena, MT

Article from The Helena Independent, October 17, 1893

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IT WOULDN'T GO AROUND The High School Verdict Is Decided According to Priority of Claims. And Oreditors for Nearly $10,000 Are Left Out in the Cold. Treasurer Barden Wants the Montana National's Share as an Offset-Enpreme Court Decisions. The final judgment in the division of the $25,000 awarded she high school contractors has been made and the last dollar of the verrdiot in the hands of the clerk of the district court has been paid out. The suit is ended so far as the district court is concerned. The supreme court has yet to pass on the quession of the priority of 'the Montana Nasional bank's claim. though that Institution has taken an order for the money and given bond to cover the amount in case the deeision of the higher tribunal should make it a general instead of a preferred creditor. Judge Hunt, in his department of the district court, yesterday, made the last award, and the creditors of S. F. Whalen and J. S. Grant, who built the high school, have been ordered paid, out of the amount recovered from the school trustees, in the following order: Toole & Wallace. $2,500 Adkinson & Miller. $2,500; T. A. Marlow, receiver of the Montana National bank. $14,092; John Raftery, $185.50 and costs; D. S. Merrill, $2,070 and interest; Montana Lumber company, $2,875 and interest; T. P. Fuller, $548.61; a total of $24,739.11. This practically exhausted the amount of the verdict secured by the contractors in their suit against the trustees. The judgment rendered by Judge Hunt awards payment in the order in which the judgments and liens against the contractors were filed. It further recites that other parties have liens and orders them paid according to the dates of the liens; but says that the claim of T. P. Fuller exhausts the fund and that those coming after get nothing unless the contractors become solvent again. These unpaid liens stand in the following order: John Mitchell. $528.59; Helena Lumber company, $1,381.85; F.ed Gilbert, $166.55; American National bank, $6,318.63; Nick Kessler, $443; J. A. LaDriere, $903.79; Jno. R. Miller, $177.60; A total of $9.920.01. With the consent of all parties the Montana National bank withdrew its money by giving a bond with T. A. Marlow. receiver, John T. Murphy and Nick Kessler as snreties. The bond is so conditioned that if the bank's lion is declared invalid by the supreme court. the money will be paid back into the hands of the clerk of the district court. After the arrangement was made Clerk Bean gave Henry G. McInti e, counsel for the bank, an order on County Treasurer Barden, who was holding the money for him. Treasurer Barden, in his official

19. December 8, 1893 The Weekly Tribune Great Falls, MT

Article from The Weekly Tribune, December 8, 1893

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THE TRIBUNE is glad to announce the fact this morning that the Montana National bank of Helena will open its doors to the public next Monday morning. This will be good news to everyone in Montana, and it is hoped that it may soon be /recorded that all the other suspended banks of the state have resumed.

20. December 8, 1893 The Weekly Tribune Great Falls, MT

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cided to confine him in for several days for further examination. n WEDNESDAY'S DAILY. e B The Choteau bank will pay its depose itors 50 per cent of the amount due them. B The difficulty between Andrew Jensen 5 and the Trades and Labor council has been amicable adjusted. Walter Black, a native of England yesterday declared his intention B to become a citizen of the United States. Judge Milligan of Milligan, one of the enterprising farmers of northern Montana, is in attendance at the farmers' meeting. The county commissioners were busy yesterday examining the quarterly reports of the clerk and recorder and clerk of the district court. A patent from the Uniten States to John H. Shepberd for the northwest quarter of section 9, township 18 north. range one east, was recorded yesterday. Mr. Aaron Hershfield. cashier of the Merchants' National bank of Helena. and Miss Della Hogan. cashier of the New York dry goods store in Helena. were quietly married in Chicago last week. The bride is a member of the Roman Catholic church and the bridegroom is prominent in the Hebrew congregation. The following suits were commenced in the district court yesterday: Edward O. Ferrell vs. the American Central Insurance company to recover $500 insur. ance; Cascade bank VS. George E. Ingersoll and Jean MacLaren Ingersoll, to foreclose mortgage for $982.50; Simon Anderson vs. James Hanks, appeal from justices' court. FROM THURSDAY'S DAILY. Robert Flynn came down from Cascade yesterday afternoon. Frank Goss. the plumber, went down to Havre yesterday on business. Jas. Austin and wife of Milligan, and F. Jenkinson of Box Elder, are at the Minneapolis house. Eight first-class tickets were sold yesterday for San Francisco over the Great Northern from Great Falls. Lawyer Brady, after an absence of two weeks attending court at White Sulphur Springs, returned yesterday. Mrs. M. J. Abrams who has been visiting her daughter, Mrs. H. Strain, for some time, left yesterday for Peimbria. N.D. There are 981 pupils attending the public schools of Great Falls. By the first of the year there will be 1,000 in attendance. The Montana National bank of Helena. after a suspension of severa. months, will open its doors to business at 10 o'clock on Monday morning. Dec. 11. G.C. Bower. the sheepman, and Alfred Park, both of Stanford, are in the city attending the farmers' convention and are stopping at the Minneapolis house. The public will be glad to learn that Capt. Jensen is again on deck and that The Boston Clothing house is open and doing a rushing business. See ad in another column. Assistant Roadmaster Black of the Montana Central died on Tuesday evening and yesterday the body was shipped to Devils Lake. for interment. Mrs. B. accompanied the remains. A patent was to James Haven for lot Sand the northeast quarter of the southwest quarter and the south half of the southwest quarter of section 25, township 21 north, range I east, was recorded vesterdav.

21. December 10, 1893 The Helena Independent Helena, MT

Article from The Helena Independent, December 10, 1893

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THE MONTANA NATIONAL The Old Favorite Will Open Its Doors for Business To-morrow Morning. At a Meeting Last Night the Reorganization of the Bank's Officers Was Completed. Thos. A. Marlow, President-Other Old Officers Retained and a Very Strong Directory Selected, To-morrow morning the Montana National bank will open its doors for business, with its affairs in such excellent condition as few banks in the country can claim. It will start with not a dollar of liabilities save what it owes its depositors, with $350,000 in cash in its vaults, about 45 per cent of its liabilities, and propared to meet every dollar of its demand liabilities It. will open with but one change in its official list. and with a directory second to none in the state in the business experience and finanoial ability of its members. It will not only be inherently as strong as it was du ing the presidency of Col. C. A. Broadwater. but it will have such resources back of it as make safe the prediction that when the flag goes up to-morrow it will go up to stay. Last night there was a meeting of the board of directors, at which Special Examiner Lyneh was present. The directors found that the comptroller's requirements as to the opening of the bank had been more than complied with, and the receiver. having submitted his report to this effect, it was nnanimously decided to resume basiness to-morrow morning. and the proper action transferring the institution from the hands of the receiver to the bank was taken. Then the matter of reorganization came up. John T. Murphy, the president, tondered his resignation, his private business being so great no to demand his entire atsention. It was necepted, the directors *Xpressing at the same time their obligations for the valuable services Mr. Mu phy had rendered the institution. Thos. A. Marlow was unanimously elected president, the other office $ being R. L McCulloh, vice. president, A. L. Smith, cashier. and E. B. Weirick, assistant cashier. Mr. Marlow, the president, is one of the young business men of the state, whose good work while acting as receiver of the bank had A good deal to do with its reopening. He bas been in business in Montana for a number of years and has a wide acquaintance both with the resources of the state and the men who are developing them. The other officers are well known to Montana National patrons, having been re-elected to their former positions. The future board of directo 9 will consist of John T. Murphy, R. L. McCulloh, T. A. Marlow, H. F. Galen, Herman Gans, R. C. Wallace, D. A. Cory, Nicholis Kessier. Peter Larson, all of Helena; Henry Brantnober, of San Francisco: A. H. Wi der, of St. Paul: C. J. AlcNamara. of Big Sandv, Mont.: R. E. Ford, of Great Fails, Mont.

22. December 11, 1893 The Helena Independent Helena, MT

Article from The Helena Independent, December 11, 1893

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NOTICE. A. A Campbell is the only authorized traveling agent of this paper. THE WEATHER. Reported for THE INDEPENDENT daily by J. M. Sherier. United States observer. 6 P. M. 6 A. M. 29.6z3 29.681 Barometer 86.2 34.5 Temperature w-22 calm Wind Total precipitation for past 24 hours ending at 6 p. m., .45. Temperature at noon. 44.1. Maximum temperature, 44.1. Minimum temperature, 33.0. Local forecast for Helena: Fair: colder. Helena, Lec. 10, 1893. WITH OPEN DOORS. The opening of the doors of the Montana National bank to-day will brighten many faces and bring new hope and confidence to the community. The conditions under which the bank resumes, with three dollars on hand for every dollar of its liabilities, will at once restore it to popular confidence and favor. The officers and directors are not alone to be congratulated; they deserve the thanks of the community for their faithful and arduous efforts which have been crowned with well merited success. In the retirement of President Murphy the Montana National loses a strong business man, but in his successor, Mr. Thomas A. Marlow, it gains the services of an able, energetic and progressive young business man whose successful administration of the receivership stamped him as the right man for the place. The executive capacity he has shown in the trying work of the past four months is the best guarantee that he is the right pilot now. A long life, and a prosperous one, to the Montana National!

23. December 12, 1893 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, December 12, 1893

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The Montana National bank, of Helena, which suspended last July, reopened Monday with $500,000 capital stock and cash to three times the amount of its demand liabilities.