St Nicholas Bank (New York, NY)

Episode Information

Episode UID
1262176091124
Episode Type
Run β†’ Suspension β†’ Closure
Bank Type
private
Bank ID
126217609 hash
Start Date
August 9, 1893
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
041654326e5396c7

Response Measures

None

Description

Initial run in Aug. 1893 was stopped; bank was closed by state superintendent in Dec. 1893 and placed in receivership.

Events (3)
1. August 9, 1893 Run
Cause
Local Banks
Cause Details
Refused to clear for the failing Madison Square Bank, prompting depositors to assemble and start a run; run halted when Henry Goldstein bonded $300,000 to pay depositors.
Measures
Henry Goldstein agreed to bond himself for $300,000 to pay depositors, which stopped the run.
Newspaper Excerpt
A large crowd of small depositors assembled before the St. Nicholas Bank ... and a run was started. Later, however, Henry Goldstein ... agreed to bond himself in $300,000 to pay all depositors and the run stopped.
Source
newspapers
2. December 21, 1893 Suspension
Cause
Government Action
Cause Details
Closed by the State Superintendent of Banks (Charles M. Preston) pending examination due to impaired capital and connection with the Madison Square Bank; receiver appointed.
Newspaper Excerpt
This bank is closed, pending an investigation. Signed: Charles M. Preston, superintendent.
Source
newspapers
3. December 22, 1893 Receivership
Newspaper Excerpt
The St. Nicholas Bank was closed to day pending an examination by the State bank superintendent ... I shall advise the appointment of a receiver. ... temporary receiver Hugh J. Grant later handled distributions to depositors and suits followed in 1894-1896 records included in articles.
Source
newspapers

Newspaper Articles (24)
1. August 10, 1893 The Helena Independent Helena, MT
Article from The Helena Independent, August 10, 1893

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TELEGRAPHIC BREVITIES. NEW YORK, Aug. 9. -Fuller Brothers & Co., commission merchants, to-day assigned to C. B. Mulligan. ROCHESTER. Minn., Aug. 9.-The Union National bank closed temporarily this morning. It will resume without the appointment of a receiver. LEBANON, Pa., Aug. 9.-Robert H. Coleman, the iron millionaire, and wife, have executed a deed of assignment. Liabilities about $8,500,000, and, it is claimed, exceed assets. BERLIN, Aug. -The United States, Great Britain and Germany have resolved on decisive, combined action to end the Samoan trouble. It is said Mataafa will be exiled. FULTON, III., Aug. 9.-Harry Bethune beat T. C. Morris in 8 100-yard foot race by is yard and a half, in :9% Bethune ohalleuges the United States for any sum up to $10,000. MARSHALL, Tex.. Aug. 9.-By the explosion of a boiler this morning, Tommy Hill, Henry Smalley and Gus Sanders were killed and Joe Bright and Joe Wallman badly soalded. PUEBLO, Col., Aug. 9.-Water in the Arkansas river rose eight feet in an hour last night, submerging the lower part of the city, doing immense damage to bridges and railways. SANTA ROSA, Cal., Aug. 9.-The severent earthquake since 1868 was felt this morning. There was considerable damage done in the war of oracked walls. falling claimneys and broken windows. MINNEAPOLIS, Aug. 9.-The Commercial bank has failed. Capital $200.000, deposits $400,000, time deposits $220,000, loans and discounts. last statement, $642,000. Officers say depositors will be paid in full. PORTLAND, Ore., Aug 9.-Edward Marshall, George Nordale, Fred. Smith, John and Joseph Frurie, K. J. Maymard and William Cod were arrested to-day on the charge of passing counterfeit money. CHIPPEWA FALLS, Minn., Aug. 9.-It is reported that Thorpe, a village of 1,500 inhabitants. OR the Wisconsin Central road. burned up. A large sawmill, much lumber and u number of buildings were destroyed. NEW YORK. Aug. 9.-A large crowd of small depositors assembled before the St. Niobolas bank, which refused to elea for the Madison Squa e bank, and a run was started. Later, however, Henry Goldstein, the millionaire coal dealer, agreed to bond himself in $300,000 to pay all dopositora, and the run stopped

2. August 10, 1893 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, August 10, 1893

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STOPPED THE RUN. New York, Aug. 9.-A large crowd of small depositors assembled today before the St. Nicholas Bank, which refused last week to clear for the Madison Square Bank, and started a run. Later, however, Henry Goldstein, a millionaire coal dealer, agreed to bond himself in the sum of $300,000 to pay all depositors and the run stopped.

3. August 10, 1893 The Herald Los Angeles, CA
Article from The Herald, August 10, 1893

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An Incipient Bank Run. NEW YORK, Aug. 9.-A large crowd of small depositors this morning assembled before the St. Nicholas bank, which refused to clear for the Madison Square bank, and a run was started. Later, however, Henry Goldstein, a millionaire coal dealer, agreed to bond himself in $300,000 to pay all depositore, and the run was stopped.

4. August 10, 1893 Capital Journal Salem, OR
Article from Capital Journal, August 10, 1893

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New York, Aug. 9.-A large crowd of small depositors assembled before the St. Nicholas bank, which refused to clear for the Madison Square bank, and a run was started. Later, however. Henry Goldstein, the millionaire coal dealer, agreed to bond himself in the sum of $300,000 to pay all depositors and the run stopped.

5. August 10, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, August 10, 1893

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Run on a New York Bank. NEW YORK, Aug. 9.-A large crowd of small depositors assembled before the St. Nicholas bank which refused to clear for the Madison Square bank and & run started. Later, however, Henry Goldstein, the millionare coal dealer, agreed to bond himself in $300,000 to pay all depositers and the run stopped.

6. August 12, 1893 The Herald Los Angeles, CA
Article from The Herald, August 12, 1893

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An Incipient Bank Run. NEW YORK, Aug. 9.-A large crowd of email depositors this morning assembled before the St. Nicholas bank, which refueed to clear for the Madison Square bank, and a run was started. Later, however, Henry Goldstein, a millionaire coal dealer, agreed to bond himself in $300,000 to pay all depositore, and the run was stopped.

7. October 27, 1893 The Providence News Providence, RI
Article from The Providence News, October 27, 1893

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Some of the Methods of the Madison Square Bank. ITS CLEARING HOUSE AGENT Left $150,000 in the Hole-How the State and East River Bridge Company Were Saved from Loss-More Arrests Probable. New YORK, Oct. 27.-The collapse of the Madison Square bank left theSt. Nicholas bank, its clearing agent, a creditor to the extent of $150,000. The Madison Square bank was supposed to keep with the St. Nicholas a deposit, in cash or its equivalent, large enough to meet all demands. Ordinarily a sufficient deposit remained there, but when, the Madison Square bank being on the verge of failure, State Treasurer Danforth ran through the clearing house a check for the state's money, $250,000, and Frederick Uhlmann succeeded in withdrawing $50,000 for the East River bridge company, the regular fund at the St. Nicholas gave out. That was the time when the clearing house committee, on the complaint of the St. Nicholas bank, went to the Madison Square bank and took from the vault securities to the amount of $315,000. These securities had been seized solely with the view of protecting the St. Nicholas bank and upon the theory that it was entirely proper for the clearing house committee to take such action. When the temporary receivers took possession of the Madison Square bank they were unwilling to recog. nize the right of the clearing house committee to these securities and filed a protest against their retention in the clearing house. The matter was well fought out at various conterences between t e receivers and the clearing house, and the clearing house having been led to believe that the seizure had not been made strictly within the law returned the securities to the Madison Square bank. There is no doubt that the bank will collect this debt, because if it cannot be paid out of assets the stockholders of the Madison Square will be liable to assessment for it. More Arrests Probable. District Attorney Nicoll held a consult~ tion with Attorney Samuel Untermeyer, counsel for Receivers Miles O'Brien and J. M. Cannon, of the Madison Square bank, this morning, and it is rumored that, as a result of his consultation, other arrests will follow. The rumor is to the effect that not only were the officers of the bank reckless with the money of that institution, but that several outsiders, who were on the ground floor, were dishonest in their dealings with the bank. Assistant District Attorney Davis, who has charge of the case, says that as yet he has hardly had time to investigate the new chargès, but he will not deny the rumore,

8. December 10, 1893 New-York Tribune New York, NY
Article from New-York Tribune, December 10, 1893

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SEVERAL SUITS PROMISED. THE ST. NICHOLAS BANK THREATENS TO TAKE ACTION AGAINST THE RECEIVERS OF THE MADISON SQUARE INSTITUTON, WHO RETALIATE IN LIKE MANNER. Suits and counter-suits now are promised by the officials of the St. Nicholas Bank and the receivers of the Madison Square Bank against each other. The officials of the St. Nicholas Bank are responsible for the statement that a suit would be brought against the receivers to recover $501,000 due the bank. The receivers declare that the St. Nicholas Bank has no such claim against them as receivers for the Madison Square Bank, and they threaten to bring a suit to recover from the St. Nicholas Bank some $221,000, said to be due the receivers. The St. Nicholas Bank was the Clearing House agent of the Madison Square Bank, and as such held good securities, valued at $350,000, to cover any possible loss which it might sustain as the agent of the Madison Square Bank. The receivers say that the St. Nicholas Bank is entitled only to $129,000 of the $350,000 collateral held by it, and will sue for the difference-$221,000 The St. Nicholas Bank people declare that it cleared for the Madison Square Bank, the day following its suspension, checks amounting to $501,000. The threat is made that the securities now held by It will be sold. and the proceeds devoted to the payment of this account. The bank does this under one of the rules of the Clearing House. The receivers, on the other hand, say that the Clearing House rules are not law, and will contest any attempt to dispose of the securities held by the St. Nicholas Bank for the account of the Madison Square Bank.

9. December 21, 1893 San Antonio Daily Light San Antonio, TX
Article from San Antonio Daily Light, December 21, 1893

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New York Bank Failure. NEW YORK, Dec. 21.-The following notice has just been posted on the doors of St. Nicholas bank, which is the state bank at Broad street and Exchange Place. "This bank is closed, pending an investigation." Signed: Charles M. Preston, superintendent. The notice was posted on the doors before the bank officials arrived. President Graves, who arrived at the bank shortly after the posting of the notice, said: "This is a highhanded proceeding. I don't understand it. I supposed this bank was solvent." Mr. Preston is the state superintendent of banks. The St. Nicholas bank acted as a clearing house agent for the suspended Madison Square bank, and the examination that is now being made by Bank Superintendent Preston is due to the connection of the St. Nicholas with the Madison Square bank. Upon the failure of the Madison Square bank, the St. Nicholas bank withdrew from that institution some $250,000 worth of securities in order to secure itself. But it is understood that the St. Nicholas bank's affairs have been unsettled since that time.

10. December 22, 1893 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, December 22, 1893

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THE BUSINESS WORLD, THE FAILURE OF A NEW YORK CITY BANK, The St. Nicholas Bank Closed by the "State Examiner-Two Assignments in Crockett - Other Business Troubles Over the Country. New York, December 21.-The St. Nich olas bank, a State bank, was closed to day pending an examination by the Stati bank superintendent. The St. Nichola bank acted as a clearing house agent is the suspended Madison Square bank, with that bank. the examination is due to its connection to It is understood that the depositors 11 lose nothing. Persons conversant with the bank's condition say there has been absolutely nothing like dishonesty in ty management, though there has been bei business. judgment shown in the conduct of the Superintendent of State Banks Prestor said: "There is an impairment of capital and I shall advise the appoints the ment of 8. receiver. Opinions dider been impaired." the question how much the capital be 00 The last quarterly report, made Novem ber 28, shows loans and discounts $1.5% 501.09: cash Items $825,203.58, and other TN sources totalling $3,753,339.87. Liabilities-Capital stock, $500,000: doe depositors, $2,532,590.85, and minor Items the total of $3,753,339.87. The officers of the bank display great indignation at what they call summary proceedings of the State bank department and are also bitter against the clearing house committee.

11. December 22, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, December 22, 1893

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QUOTATIONS FALLING Two Events Gave Wall-Street Bears Much Comfort Yesterday. Cautious Traders Are Not Dipping in Stocks to Any Extent-Indianapolis Grain Held Firm. At New York, yesterday, money on call was easy at 1@1Β½ per cent., the last loan being at 1, closing at 1Β½ per cent. Prime mercantile paper, 3Β½@5Β½. Sterling exchange was quiet and easier with actual business in bankers' bills at $4.87@4.871/4 for demand and $4.841/2@4.84% for sixty days. Posted rates, $4.851/2@4.88; commercial bills, $4.834@4.831/2. Silver certificates, 69%c bid. Bar silver closed at 691/2c per ounce; at London, 32Β½d. The total sales of stocks amounted to 318,000 shares. Two events calculated to affect speculative values 0 curred yesterday morning before the opening of the New York Stock Exchange. One, the closing of the New York St. Nicholas Bank by the State Superintendent of Banking, was important only that it disclosed a weak spot in the commercial situation, but It served the purpose of the bear traders by keeping out of the market temporarily operators for the long account. The other was the death of George C. Magoun, which was, perhaps, of greater moment from a Stock Exchange point of view, because it removed from the directory of the Atchison, Topeka & Santa Fe Railroad Company its chairman and most powerful financial support at a period when that corporation needed all the help that wise counsel and great resources could give to it. The bank's suspension led the bears to make a strong demonstration on general stock values, accompanying their attack with disquieting rumors of other impending troubles for which there appears to have been no basis, as the disaster to the St. Nicholas bank is due solely to impairment of capital, the result of bad loans and no other financial institution is in any way involved in its affairs. The market opened active and though prices were irregular there were no serious declines. The London market for American securities was strong and there was some foreign buying orders, but the bears made a concerted attack, using Distilling as a wedge to break values in general. This stock, which had made an early advance of 1/2 per cent., was forced down 1Β½ per cent. During the rest of the day, however, the shares were well held, recovering 1Β½ per cent. and closing 1/8 higher than on Wednesday, being the only stock on the list which shows an advance on the day's transaction. Atchison was not seriously attacked during the morning, but during the afternoon rumors of a receivership were circulated, and it was hinted that the death of Mr. Magoun practically removed the only hope of raising money to meet the January interest disbursements. A free selling movement resulted and the stock broke 2Β½ per cent., with a recovery at the close of 3/8 per cent. It is said President Reinhart, of the company, is preparing a statement of Atchison affairs which is to be given out at the end of the week. New England led the market in point of activity and in the early dealings was fairly well held. During the afternoon the speculation was feverish and prices tended downward, despite occasional rallies which occurred whenever the pressure to sell was removed. The lowest prices of the day were made in the first *half of the last hour, the coal shares and the specialties giving way materially. In the final dealings there was some covering of shorts, to which prices responded slightly, and the closing transactions were firmer in tone. Every stock traded in, with one exception, noted above, shows a decline, compared with the final sales of Wednesday, the range being 1/4 to 4 per cent., most prominent in the reactionary movement being Delaware, Lackawanna & Western and Pittsburg & Western preferred, 4; Evansville & Terre Haute, 33/4; Pullman, 3Β½; Atchison, Chicago & Eastern Illinois preferred and Mobile & Ohio, 21/2; Manhattan, 2Β½; Chicago Gas and Louisville, New Albany & Chicago preferred, 1Β½; Sugar, Western Union, Burlington & Quincy, St. Paul, Chesapeake & Ohio and Cotton Oil, 1Β½, and Missouri Pacific, Great Northern preferred, Erie preferred, Iowa Central preferred and Susquehanna & Western preferred, 1 per cent. The bond market was weak, the features being the depression in the Atchison issues. The leading changes are: Declines-Atchison fours, 33/8; Peoria & Eastern Illinois, 3: Louisville, Evansville & St. Louis first consol fives, 11/2; Wabash seconds, Northern Pacific consol fives and Louisville & Nashville, each, 1 per cent. Government bonds were quiet. State bonds

12. December 22, 1893 New-York Tribune New York, NY
Article from New-York Tribune, December 22, 1893

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Bank. "I think I will recomme Mr. Preston said. "I don't se on the part of the officers impairment in capital, and the . to be the appointment of a re npossible for me yet to talk figu the difficulty of making estimat alue of certain of the assets. O ifference in these estimates I ca the impairment of capital will examination began several da physical work was completed y was much trouble in gettin ascertaining the character of ecurities." Mr. Preston explained that who apital is found to be impaired. if endent of Banking thinks that for the institution to contir he receives assurances that the be made good. he may give the rectors sixty days in which to ( onsiders it unsafe to permit the under the circumstances he h apply for immediate dissolution. saying SO directly, intimated th the case of the St. NI holas Ban the regular course of procedur gular examination of the St. Ni made in February. when, Mr. 1 found its condition sound. Mr. P how much paper of the America ompany the bank held, replied t) say. Mr. Graves, president o ho was in the room, here intervene bank held none of 11. Mr. Gra that Beecher, Schenk & Co. for this concern, were del THEY WOULD HAVE MADE UP THE President Graves of the St. NI ikes issue sharply with the criti reston upon the condition of the "This is an outrage," he said notion. "the whole trouble could voided If the usual course of giving to meet the requirements of epartment had been followed unded when I found my bank iperintendent of Banking possess owers, and he has exercised them hy, this morning our directors up any deficiency in capita inutes if we had been allowed the do so, There is no use to do at the credit of the bank destr uperintendent's action." Graves declared that the 1 irplus of $100,000 He asserted t airment of capital figured out b anking Department was based on diculous estimates of values of curities distrusted by the Superin raves said. were good. sound sec they were not regularly dealt in xchange. "Many of our loans c at once,' Mr. Graves said, "If closed up. This morning an off pay off a loan of $66,000 on B but. of course, we could not That loan had been marke examiners as an unavailable numerous other instances Th bank was an outrage. I believ the bottom of it. and 1 suppose I help save the Madison Square Ba claim we have against it." THE EXCHANGES NOT CLEA The exchanges of the St. Nicholas cleared yesterday morning. The about $440,000. but by order of Committee all the checks It pr turned to it. The checks on the presented by other banks were banks presenting them. Such ch back to the customers who dep amount of these checks could no the Clearing House. The officer icholas Bank, however, said that t bank to be a creditor at the Cle sterday. was contended by some of the de Preston's action in not allowing yesterday was most unjust. It if the bank had been closed aft hour, its exchanges would have LAST STATEMENT OF THE The statement of the St. Nicholas earing House on Saturday show erage cash reserve during the W cent. Its average deposits wer 011,200: loans, $1,750,300: specie, nders, $471,400. Its deposits on Wed to be about $1,700,000. was rumored yesterday afterno had loaned $50,000 to Presiden adequate security. The report e nfirmed. One of the best-known city, in speaking of the rumo heard that Mr. Graves borr his bank en poor security, but the depositors in the least, for worth at least $1,000,000." The directors, besides Preside ishier Gardner and Vice-Presiden are Joseph H. Parsons, John P. Sheldon, Henry F. Hit H. Alken. Mr. Graves becan 1873. Afterward he went to Europ again assumed the presidency. N vice-president, is a member of throp, Smith & Oliphant, cotton b irsons is a wealthy manufacturer Y. He is also interested in a pi company of this city. His timated at $1,000,000. The St. Nicholas Bank was chart a State institution, with a capit It became a National bank a State bank in 1882. Its cap to $750,000. and then to $500.0 at New and Wall sts., and I juitable Building. It moved into less than two years ago. Sever bank lost heavily on account of Grovesteen & Pell. The brokers in Wall Street ed emselves upon the existence of th for stock tranactions. Un

13. December 23, 1893 The Herald Los Angeles, CA
Article from The Herald, December 23, 1893

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A Big Deficit. NEW YORK, Dec. 22.-A big deficit in the accounts of Lewis A. Hill, paying teller of the suspended St. Nicholas bank, has been found by theexaminers. The shortage amounts to $42,000. Hill was arrested at Newark, N. J., where he livee, and held for extradition on $20,000 bail.

14. December 23, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, December 23, 1893

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BRADSTREET'S FINANCE REVIEW. Bradstreet's, to-day, will say: The Increase of activity which speculation displayed this week has been almost entirely at the expense of prices. The most depressIng influence was the enforced suspension of the St. Nicholas Bank, which, though not prominent, was a Wall-street institution. No serious complications in Stock Exchange circles have resulted, but the effect has been unsettling and has accelerated the tendency to liquidate long holdings in view of the unpromising outlook for the turn of the year. At the same time, the professional traders, while bearish in sentiment, have hesitated to increase their short contracts in such a narrow market. Some support was furnished by covering of previous speculative sales. The publication of the ways and means minority report fell flat as far as the market is concerned, and, though the "street" generally approves Secretary Carlisle's recommendation embodied in his report, that the provision be made for the issue of short-term, low-rate bonds, It cannot be said that the document in question had any influence. The decline in foreign exchange puts an end for the present to gold exports, but nelther this nor the circumstances that there has been a little buying of stocks for foreign account seems to have affected sentiment in speculative circles. Bradstreet's weekly statement of the bank clearings at several cities for the week ending Dec. 21, with the percentage of increase or decrease, compared with the same week in 1892, is as follows: Nom Vork

15. December 28, 1893 St. Johnsbury Caledonian Saint Johnsbury, VT
Article from St. Johnsbury Caledonian, December 28, 1893

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RECORD OF THE WEEK. Thursday. Three persons killed by a railroad accident at a grade crossing in Nashua, N. H.-A $1,000,000 fire in Sheffield, Eng.-Ex-President Harrison given a reception in Philadelphia which Edmunds and Morrill attend. -More warships sent to Rio Janeiro. -Honolulu advices up to Dec. 14 indicate no change in the situation there.-Mr. Reed of Maine presents the minority report on the tariff bill to the house.-The St. Nicholas Bank in New York closed on account of impaired capital.-Hopkins, democrat, declared elected mayor of Chicago. Friday. A six-story block in Boston owned by the Wakefield rattan company burned. Loss $200,000.-Annual dinner of the New England society at Sherry's in New York.-Mahdist forces defeated by the Italian troops in Northwestern Abyssinia.-Insurgent officers in Brazil desert and report to the government.-Teller Hill of the St. Nicholas bank in New York arrested and charged with the larceny of $42,000.-Lobengula again defeated after a disastrous battle on the Shangani river. Saturday. The Atchison, Topeka and Santa Fe railroad placed in the hands of receivers.-The report that Rio Janeiro had been taken by Mello denied by the Brazilian minister at London.-Forty-four election inspectors in New York arrested for fraud and perjury.-Manager Satolli not to be recalled to Rome and may be made a cardinal. Sunday. Willow Grove, an oil town of about 1000 inhabitants in Pennsylvania, wrecked by an explosion of nitroglycerine.-Robbers hold up a train at Los Angeles, but only make a small haul.-Caprivi reports that he desires to soon retire from office. Monday. The six days bicycle race at Madison Square garden, New York, started at midnight with 18 contestants. -San Francisco has a $200,000 fire. Florida's governor will try to prevent the Mitchell Corbett fight.The United States steamer. Mohican, ordered from San. Francisco to Honolulu with dispatches for Minister Willis.-The president asked to protect surrounding states from outlaws who rendezvous in Indian Territory. Tuesday. Officers destroyed by a mob during an anti-tax riot near Palermo. Later in a fight at Lercara di Fredd, growing out of the anti-tax agitation, four rioters killed by the troops.The senate committee on foreign relations to investigate the Hawaiian.-Death of Henry W. Paine, a prominent Boston lawyer.-Norway and Sweden ready to take up arms if the coming elections in Norway result in a large radical majority.-J. Y. McKane, the Gravesend boss, granted a stay.-Closing argument made in the Prendergast trial in Chicago.-Great Britain preparing to seize the rich Gilbert islands.At 9 p. m. Shock leads in the New York bicycle race with 692 miles and 6 laps to his credit.

16. January 5, 1894 The Iola Register Iola, KS
Article from The Iola Register, January 5, 1894

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Penn at Hyndman, Pa Bank at Albany. Mo Oliver Iron & Steel company of Pittsburgh, Pa.; $700,000 Standard Wagon company at Cincinnati: $700,000. Aug 25-Ford county and First national banks at Paxton, III. Aug. 22-Samuel W. Clark, lumber dealer of Zanesville, O.: $1,500,000. Aug. 24-Navarro Mill company in San Francisco, $1,000,000 Dillon national bank at Helena, Mont Aug. 28-First national bank of York, Neb George C. Cribb, dealer in agricultural implements in Milwaukee; $600,000. Aug. 30-Nicaragua Canal Construction company of New York. Sep 1-Equitable Mortgage Ca of Missouri, at New York: $19,000,000 Denver (Col.) savings bank; $670,000. Sep. 18-Crippen. Lawrence & Co., Denver loan concern: $1,000,000. Sep. 19-Mast. Bufford & Burwell Carriage company at St. Paul: $1,200,000. Oct. 6-Merchants' bank of Lockport, N. Y. Oct. 18-National bank at Hutchinson, Kan., $135,000. Nov. 1-James C. Savery. proprietor of the largest hotel in Iowa, assigned at New York; $1,000,000. Nov. 22-American Casualty company in New York; $1,700,000. Dec. 11-Receivers appointed for agricultural implement establishment of C. Aultman & Co. at Canton, O.: $1,000,000. Dec. 15-Crane Iron company of Philadelphia; $700,000. Dec. 21-St Nicholas bank in New York. Dec. 23-Bank of Greensburg, Kan Other banking houses that succumbed to the financial troubles of the year were as follows: Capital national. Lincoln, Neh: State bank, Wahoo. Neb.: U. S. Banking company, Gervais, Ore: Bank of commerce. Nashville, Tenn.: Northwestern state bank. Sibley, la Central savings bank, Lansing, Mich.; Bank of Milbank, S. D.: First national bank, Ponce, Neb.; Ingham county savings bank, Lansing, Mich.: Second national bank, Columbia, Tenn.: Bank of Salem, S. D.; Kissamee (Fla) city bank: Bank of the Carolinas, Florence, S. C.: First national bank, Cedar Falls. Ia: Citizens bank, Minneapolis, Minn.: Bank of Zumbrota. Minn.: Evanston (III.) National bank: Oglethorpe national bank and Brunswick national bank, Brunswick, Ga.: Farmers' state bank, Brooklyn, Mich.; Brunswick (Ga.) state bank: Bank of Puyallup, Wash: National bank of North Dakota, Fargo: White county bank. Beebe, Ark.: Potter's bank. Paulding, O.; Merchants' national bank. Fort Worth, Tex.: Savings bank. Sandusky, 0.; State bank, Cortland, Neb.: Bedford (Ind.) bank: City bank, Carbondale, Ill.: Deflance (O.) savings bank: State bank, Manitowoc. Wis: Bank of Two Rivers, Wis.: New Albany (Ind.) Banking Co.; Shell Lake savings bank, Washburn, Wis.: banks at Mascoutah. Ill. Hudson, Wis., Ellenburg, Wash., Missoula, Mont. Gillespie, III: Park City bank at Salt Lake City; McCague savings bank at Omaha. Neb.: bank at Everett, Wash.: Riverside (Cal) Banking company; banks at Lebanon and Albany in Oregon, and Hanover. N. C: bank a: Ridgeway, Me Columbia bank at New Whatcom. Wash: Cataract bank at Niagara Falls, N. Y.; Sabina(O bank: First national bank of Provo. U.T.: Chaffee county bank at Salida. Col.; First national at Phillipsburg, Mont: First national bank of Cisco, Tex.: Jefferson county bank at Bolden, Col: Everett (Wash.) national bank; Arkansas state bank of Stuttgart; Arkansas Farmers' and Traders' bank at Dewitt: Somerset county bank at Trenton, N. J.; State bank at Shubert, Neb: Holt county bank at O'Neil, Neb.; First national bank of Cedartown. Ga.: Bank of Sterling and Bank of Loveland, Col.: Hutchinson (Kan.) national bank; Bank of Parker, Kan.: Woodson bank of Yates Center, Kan.: First national bank of Harrisonville, Mo.; First national bank of Anthony, Kan.: Bank of Belleville, Kan: First national bank. at Cheyenne, Wyo.: First national bank at Canyon City, Col: Union bank at Greeley, Col.; Bank of Crested Butte, Col.: Traders' bank at Tacoma, Wash.: Plainview (Neb.) state bank: First national at Orlando, Fla: Tacoma (Wash.) national bank; National bank of the Commonwealth and Bank of New England at Manchester, N. H.; Commercial national. Ainsworth national and Portland savings banks at Portland. Ore.: Ex-

17. January 11, 1894 Iron County Register Ironton, MO
Article from Iron County Register, January 11, 1894

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banks 'III 18 Paxton, Aug. Samuel W. Clark, lumber dealer of Zanesville, O.: $1,500,000 Aug. 24-Navarro Mill company in San Francisco, $1,000,000.. Dillon national bank at Helena, Mont Aug First national bank of York, Neb. George C. Cribb, dealer in agricultural impleup ments 000'009$ Aug. Nicaragua Canal Construction comMJ0X MON JO Aued Sep -Equitable Mortgage Co. of Missouri, AUS (Too) Denver 000'000'613 Xork MON 18 ings bank: $670,000. Sep. 8-Crippen, Lawrence & Co., Denver Inan concern: 000'000'13 Sep. Mast. Bufford & Burwell Carriage 000'00%'1$ Paul 1S 18 Ausduity Oct. Merchants bank of Lockport, N.Y. Oct. 18-National bank at Hutchinson, Kan., 000'9813 Nov. 1-James C. Savery. proprietor of the TOTAL MeN 18 pensisse "RMOI up hotel 000'000'13 Nov. American Casualty company in New 000'002 18 Xork Dec. -Receivers appointed for agricultural implement establishment of C. Aultman & Co. 18 Canton. :0 000'000'18 Dec. Crane Iron company of Philadelphia; 000'00's Dec. 21-St Nicholas bank in New York. Dec 23- Bank of Greensburg. Kan. Other banking houses that succumbed to the financial troubles of the year were as follows: Capital national. Lincoln, Neb. State bank, Wahoo, Neb. S. Banking company, Gervals, Ore Bank of commerce Nashville Tenn. Northwestern state bank. Sibley Ia Central savings bank. Lansing. Mich Bank of Milbank, S. D. First national bank, Ponce, Neb. Ingham county savings bank, Lansing, Mich. Second national bank, Columbia. Tenn: Allo CHICE Missamee CI S Salem 10 Bank bank; Bank of the Carolinas, Florence, S. First national bank, Cedar Falls. Ia. Citizens bank, Minneapolis, Minn. Bank of Zumbrota. Minn Evanston (III.) National bank: Oglethorpe national bank and Brunswick na tional bank, Brunswick Ga. Farmers state bank, Brooklyn, Mich.: Brunswick (Ga.) state bank; Bank of Puyallup, Wash. National bank of North Dakota, Fargo: hite county bank. Beebe, Potter's bank Paulding, Merchants national bank Fort Worth, Tex Savings bank. Sandusky, O.; State bank. Cortland, Neb. Bedford (Ind.) bank: City SQUIATE (O) Defface TII Carbondale "Hutq SIM "yueq eithe IV MeN SIM Rivers OML 10 Mush bany (Ind.) Banking Co. Shell Lake savings bank, Washburn, Wis. banks at Mascoutah. Ill., Hudson, Ellenburg. ash. Missoula, Mont Gillespie, IIL: Park City bank at Salt Lake City: McCague savings bank at Omaha. Neb. bank at Everett, Wash. Riverside pus Lebban 10 shusq Conduct Banking (780) Albany in Oregon. and Hanover. N. bank at Ridgeway Me Columbia bank at New What com. Wash. Cataract bank at Niagara Falls. N. Sabina(O) bank; First national bank of Provo. U.T. Chaffee county bank Salida.Col. First national at Phillipsburg. Mont: First national bank of Cisco, Tex. Jefferson county bank at Bolden, Col. Everett (Wash.) national an JO Hueq 01818 Arkansas HUBQ kansas Farmers' and Traders' bank at Dewitt: eivis T N 18 Hueq Ajunoo 18 yueq Ajunoo 110H Neb 18 HUBQ Neil, Neb. First national bank Cedartown Ga. Bank of Sterling and Bank of Loveland, Col.: Hutchinson (Kan. national bank Bank of Parker, Kan. Woodson bank of Yates Cen ter, Kan.: First national bank of Harrisonvile, Mo. First national bank of Anthony, Kan. Bank of Belleville. Kan First national bank at Cheyenne, Wyo. First national bank at Canyon City, Col. Union bank at Greeley, Col. Bank of Crested Butte, Col. Traders bank at Tacoma, Wash. Plain view Neb.) state bank First national at Orlando, Fla. Tacoma (Wash. national bank: National bank of the Commonwealth and Bank of New England at Manchester, N. H.: Comrcial national, Ainsworth national and Port land savings banks at Portland, Ore. Ex Eag 'III Number 18 rueq change national bank at Whatcom Wash National bank at Waxahachie, Tex Bank of Plaque 18 MUEQ 18119 :WI Ala. National bank of South Penn at Hyndman. Pa.: Kendall county bank at Yorksville, III.: The Le Mars (Ia. state and German savings banks: Citizens' national bank, Grand Island, Neb. Minnekahta bank, Hot Sp ings, 10 MURR : pur "Hueq 010:S :a S Willow City, N.D.: Bank of Rushville, Neb. CASUALTIES 'Top 'Su:y 18 CORL up 11 "ther" 16 men killed Jan. 21-Death of 30 persons caused by explosion resulting from a railway collision near TII Allong Feb. 9-County farm insane asylum near up perishing " *peurnq "H N Dover. Mar. flames. 3-Thirty-three persons killed in cyclone in Georgia Seven persons killed by cyclone up MISS Mar Marion. Every person in town of Kelly, Peupl 0510 suosed CC up pener "ssin up pum Cleveland Apr. 12 Tunica -Two persons killed at Rockport. Ind. 17 others at Robinsville. Miss. nine at -xam 10 DAH "Hueq SUIMMER 18 eth SUMOT Pared 10 9Ag pus Signature 18 OMB 10:20 of Missouri, by cyclones and windstorms Apr. It-Cyclone striking Thibodeans, La., killed 15 persons Thirty men reported killed 481H pus Terry Homestered us sq land mines near Deadwood. S. D. Apr. Seven persons killed in cyclone at -Ao up Pample persons 09 Neerry MJV Roles. clone in Jasper, Clarke and Jones counties Take uo storm up 1801 seas 20-NIH udv Michigan near Chicago... aterworks crib at uaur " puu Storm, Aq Jame peqsem Apr. perished. 25-Seventy-five persons reported dead as result of cyclone in Oklahama territory Ten persons killed in railroad wreck near Somerset, May Pa. -Twenty persons killed In cyclone which destroyed town of Ladonia. Mo June Twenty two clerks killed by the falling through of floors in Ford's theater building. -IP record pus pension Aq pasn up 10 eq1 JBM department vision June Twenty persons killed in cyclone in Jefferson county, Kan. Seven persons killed by lightning striking a circus tent at River SIM Malls July 6-Cyclone starting at Quimby, Ia., killed 82 persons Seven persons drowned by MeN Juan seq Gransess up 10 York July 10-In fire on world's fair grounds at Chicago 21 men perished Man, wife and four susury 10 uo poop up Ρ€Π΅ΠΈΠΌΠΎΠ»Ρ€ children SATU 01 posoddns performs dj.ns 001 J940-61 Cheroke -9nv pus perished in hurricane on Atlantic coast Attached ehe suoje Storm terrific UI-8% Snv 10 18800 the no pue uo South Carolina and Georgia-it was estimated fully 1,500 people perished By capsizing of Port JO performs XIS THE up Thont Sep. Henry, N. Y., drowned Michigamme river breaking through Mansfield iron mine near Crystal Falls, Mich, drowned 28 employes Oct. Nearly 2,000 persons reported killed in southern 041 JO suojicts up terrible auf gulf. Oct. states along 14-At Magnolia Beach, S. C., cyclone killed 15 persons in storm that swept entire chain of lakes 20 persons perished. By sinking of steamer near Dunkirk, N. Y., 18 persons Oct. drowned. Near Battle Creck, Mich. in Grand Trunk yards, 20 people killed in railway collisuot Jeen ueur 02 GIVE put seates 100 puu Auguly - useM Shoust AON collided on Lake Huron off Point aux Barques to seament. Dec. drowning Fourth span of bridge over the Ohio from Louisville, Ky., to Jeffersonville. Ind., fell, killing 33 workmen Wreck on the New York & Pennsylvania road six miles north of Dunkirk. N. Y., caused eight deaths. Dec. 22-In a cave-in at Homestead. Pa., 14 workmen killed Four men killed by boiler explosion near Knoxville, Tenn Six persons drowned in Grand lake near Mermenteau, La. CRIMES Jan. 4-At Bakersville, N.C. in struggle to 10 II pur essod sheriffs 10 II 8 mob Jan. were 10-Jury killed. at Pittsburgh found guilty the 10 Duquesne strikers charged with riot. M.10M 01 03 1snui aq 1841 plos uur Thomas Kilday fatally shot his father, mother and Jan. sister in District Philadelphia. Master Workman Hugh Dempsey, K. of L. found guilty in Pittsburgh 01 qui Homesters 18 posiod SUIAIS JO III" Jan. 25-Charles Burg shot Mr. and Mrs. pener then Month Buile 18 M opΞ“aM Mar. himself. 22- William Frazier killed his wife, her Hileman 18 Zei S, nis NO ino pue stater siy tous Hunter T M "ORM 1V wife fortally and then killed himself. Mar. Choctaw fevd resulted in encounter Edd penns suos. of AL I A the 'art'm siq 1048 Neb. 10 Sterrett killed himself. any killed 30-Joseph his Halson

18. January 11, 1894 The Sun New York, NY
Article from The Sun, January 11, 1894

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Local Business Troubles, The Sheriff has received another attachment against the George C. Treadwell Company, furs, at 60 Mercer street, for $5,013, in favor of Hugh J. Grant, as temporary receiver of the St. Nicholas Bank, on two notes of the company, dated Aug. 21 last, payable in four months. The Sheriff sold out yesterday the stock of Catherine B. Thompson, wholesale dealer in millinery goods at 634 Broadway, for about $14,000: the stock of Charles E. Goldsmith, jeweller, at 422 Third avenue: Lazarowitz & Son, manufacturers of suspenders, lambrequins, &c., at 26 Eldridge street; Frank G. Blumenstock, shoe dealer at 27 Whitehall street, and the right, title, and interest of Frederick W. Clifford in the furniture and fixtures of the Nassau Hotel, at 275 Bowery.

19. January 18, 1894 The Valley Virginian Clifton Forge, Staunton, VA
Article from The Valley Virginian, January 18, 1894

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The tariff discussion is in progress in the House of Representatives. If Boutelle dosen't feel flat it can't be because he hasen't been heavily sat on. The long-desired Hawaiian cipher dispatches have been laid before Congress. While on this subject it may be asked when it's the law that's broken what need for fixing the jury? Possibly it might be better all round if there was less Knights of Labor agitation and more day's work. Looked into fairly, isn't taxing whisky, playing cards and cigarettes a kind of hand to mouth arrangement? Judge Moore is holding his first term of Court in Craig county. The violaters of law had better be on the alert. Secretary Carlisle of the Treasury, is ju a financial strait. His resources are growing beautifully less day by day. A queer thing about electric wires is that it's the permanently dead ones that dosn't need to be buried underground. All indications point to permanent resumption of business. This at least shows the calamity howler is not a pointer. Reed and others are anxious to patch up the Wilson bill, as they say, only they want to use nothing but highly taxed cloth. Mr. Jefferson M. Levy, of Charlottesville, Va., has withdrawn from the Congressional race in favor of Capt. Micajah Woods. The shark has always been typical of the pension fraud, but New York trots out that Buffalo specimen in competition. Gen. Gordon's lecture at Philadelphia which was to have been given to morrow evening, has been postponed to Tusday evening January 23. One young married logician tries to prove that women live longer than men because they require so much more time to say good-bye. If the pen is mightier than the sword on general principles, what a terrific combination the two make in the hands of the fighting editor. Seven American warships are in Brazilian waters and while Peixoto and Mello are loing about who's getting the advantage they just lie to. The Republicans in Congress in this bond issue business would like to put the Administration in a hole. And this after making the hole in the Treasury. Capt. Oscar Smith, a survivor of the Thirteenth New York Volunteers, has been appointed chief clerk in the office of Secretary of State Palmer, at Albany. Elaborate preparations are making in Philadelphia for the Grant birthday banquet, April 27 next. Gen Beaver is chairman of the arrangements committee. A bill has beon introduced in the Virginia legislature providing for the admission of white females to the University of Virginia on the same terms as males. This is the way Judge Butler, of the United States District Court at, Philadelphia, does business. On Friday he rejected eighteen out of twenty-seven applicants for naturalization. "Uncle Alfred," of Nashville, Tenn., is the only person now living who was present at the deathbed of Andrew Jackson. He was the President's body-servant and is now doing guide duty about the Hermitage. Ex-Mayor Grant, receiver of the St. Nicholas Bank, of New York, has collected over $1,000,000, which he has placed in the Central Trust Company. This is about 50 per cent. of the aggregate claims of the depositors. The Police Commissioners of New York have ordered a census to be taken of the unemployed of that city. It will begin next week and will probably be completed in three days. The census will be taken by the night patrol. The Democrats of Louisville, Kentucky, are in a state of glorification over the fact that, for the first time in thirty-six years, they have a Democratic postmaster, although they have had two Democratic administrations within that time. The Democracy of Louisville have had more than the patience of Job to have torn such neglect for so long a time. Pittsburg iron men are saying harsh things about Andrew Carnegie because he vows that he can sell steel so low that he does not need a tariff to protect him in business. Mr. Carnegie tired of rocking the cradle of "infant industries" some time ago, and has since exploded several bombs in the old camp left behind when he boldly took up advanced thought. Rev. Sam Jones recently preached to the colored people at Dyersburg, Ky., says the Ram's Horn. After the sermon, a good old sister came to him and said: "Brother Jones, God bless you! You is the preacher for me; I understand every word you say. You preaches just like a nigger; you has a white skin, but, thank God, you has a black heart." She knew Samuel. Beach Soule, of Clifton Springs, near Rochester, N. Y., has just won an interesting race across the continent against death. His sister was dying at Oakland, Cal., and telegraphed for him. He dropped his preparations for examination at West Point, hired a light locomotive, and after an 800-mile chase, caught the Pacific express, arriving at his sister's bedside twelve hours before her demise.

20. January 25, 1894 The Evening World New York, NY
Article from The Evening World, January 25, 1894

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# ORDER ON GRANT. Perkins & Co. Entitled to Their North Carolina Coupons. Justice Barrett, of the Supreme Court, to-day signed an order upon Hugh J. Grant, receiver of the St. Nicholas Bank, to pay over to T. J. Perkins & Co., bankers of Tallahasee, Fla., three $1,000 6 per cent. North Carolina coupons of April, 1894. Perkins & Co. alleged that the coupons were a special deposit, and that neither the bank nor the receiver had made any advances on them. They further alleged that the defunct bank held no obligations of theirs. The coupons were deposited some time previous to the bank going into the hands of a receiver.

21. June 21, 1894 The Evening World New York, NY
Article from The Evening World, June 21, 1894

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HAD A BIG LOAN IN SIGH Why St. Nicholas Bolstered t Madison Square. Ex-Cashier Gardner Tells More the Famous Collapse. The fourth day of the suit of the Ma son Square Bank receivers against H: J. Grant, receiver of the St. Nicho Bank, was resumed before Referee W iam G. Choate this morning. William J. Gardner. ex-cashier of St. Nicholas Bank, spoken of yesterd by the plaintiff's counsel as an adve witness, was recalled to the chair, a his rigid cross-examination by. Law: Untermeyer was continued. Witness declared that notwithstand the fact that he had sent out a not to all the Clearing-House banks to effect that the St. Nicholas Bank wo discontinue to clear for the Madis Square Bank on and after Aug. 9, 1: he had no Idea that the Madison Squa Bank would close its doors on tl date. He admitted that the affairs the two banks had been the subject discussion at board meetings. the 1 time no later than six days before suspension or the Madison Square Ba No action was taken by the direct of the St. Nicholas with regard to t minating the contract between the 1 banks until the issuance of the Cleari House notice. "The officers of the Madison Squa Bank were meanwhile asking for ti with which to pay on their loa weren't they "Well, yes," replied the witne "They were also looking around another Clearing-House agent." The deposit of the Madison Squ: Bank ran below the $50,000 mark ea in the month preceding the bank's fa ure. Witness said that the Madis Square officers were called to acco about this, and Director McDonald S sequently told witness that the ba was negotiating for a loan of $100,000 $200,000 from Ladenburg, Thalman & ( when the Madison Square Bank wo pay up its indebtedness to the St. NI clas. thess saw President Graves. of 1 St. Nicholas, and Director McDona of the Madison Square. leave the Nicholas Bank on the morning of A 8, 1893. He understood that they W going before the Loan Committee the Clearing-House. Did not learn ti day of the result of that meeting. Witness admitted that he had read the Madison Square Bank's failure f the morning of Aug. 9, 1893. This " before reaching the bank. He co not recall having talked with Preside 1 Graves about the failure before bank messengers left for the Cleari House. "I had talked with SEL director of Madison Square only a day or so bef the failure,' said the witness, "and V assured of the bank's solvency. "Who gave you this assurance?" "Mr McDonald." "Humph! I thought so," said Law Untermeyer. "When you sent out the Cleari House notices you knew the Madis Square officials had failed to sec loans from the Clearing-House and fr Ladenburg. Thalman & Co., didn't you "I was so told. "When did you prepare those notices "On Saturday, Aug. 5." "Then they were in course of prepa tion three days before they were S out and four days before the ba closed? "I guess that's right." "What time on the afternoon of A 9, 1893, was it that the first instalm of these notices went out?" "About 4 o'clock in the afternoon." "Don't you know that President C non, of the Chase National Bank, te fied to having received your notice bef he went uptown to the Madison Squ Bank?" "I heard him testify to that effect."

22. October 18, 1894 New-York Tribune New York, NY
Article from New-York Tribune, October 18, 1894

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# TAMMANY AND JUDGE TRUAX. It is unfortunate for Judge Truax that he comes before the people for re-election upon the Tammany ticket. In ordinary circumstances he might have been re-elected without opposition. Although originally chosen as the representative of the County Democracy, he had at that time the Tammany indorsement, and is now its choice for re-election. The temper of the people is so aroused against every thing and every one in any degree associated with the corrupt organization that the Committee of Seventy felt fairly justified in making up even the judicial part of its ticket from Tammany's recognized opponents, though at the expense of the rule respecting the renomination of judges with good records, regardless of politics. This precluded the nomination of Judge Truax; and we feel bound to say that by accepting the Tammany nomination he has voluntarily placed himself in a position that leaves him no cause for complaint if he is carried down with his less worthy associates. Moreover, there is no doubt that by some of his appointments, notably that of ex-Mayor Grant as receiver of the St. Nicholas Bank, he has given just cause for criticism. Nevertheless, we do not believe that the circumstances justify the

23. September 10, 1895 The Daily Morning Journal and Courier New Haven, CT
Article from The Daily Morning Journal and Courier, September 10, 1895

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Will Pay the Depositors. New York, Sept. 9.-Judge Beekman this afternon signed the order allowing Hugh J. Grant, the receiver of the St. Nichlas bank, to pay to depositors the final 10 per cent. dividend, making 100 per cent. in all that they have received.

24. April 11, 1896 New-York Tribune New York, NY
Article from New-York Tribune, April 11, 1896

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# AGAINST EX-MAYOR GRANT AS RECEIVER. When the St. Nicholas Bank failed it gave up its quarters in the Mills Building and surrendered the lease which called for a rental of $12,000 a year. D. O. Mills, the owner, could find no new customer at that figure and leased the premises to the Ger-man-American Bank for $9,000 a year. Then he sued ex-Mayor Hugh J. Grant as receiver for the bank for $9,000, his loss on three years' rental the balance of the lease. The receiver refused to pay and the Special Term appointed a referee and confirmed his report in favor of Mr. Mills. The Appellate division of the Supreme Court yesterday handed down a decision affirming the finding of the lower court.