1265. Colorado Savings Bank (Denver, CO)

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: July 17, 1893
Location: Denver, Colorado (39.739, -104.985)

Metadata

Model: gpt-5-mini
Short Digest: 188f3793

Response Measures

None

Description

Colorado Savings Bank (Denver) did not open July 17, 1893 and made an assignment to an assignee. Contemporary reports cite universal hard times and inability to realize on securities (and withdrawal of promised correspondent aid) as the cause. Newspapers report officers hoped to resume, but subsequent records (assignee actions and later indictments) indicate it remained a failed/closed institution.

Events (1)

1. July 17, 1893 Suspension

Cause: Macro News
Cause Details: Stringency of the money market / universal hard times and inability to realize on securities; promised assistance from eastern correspondent banks was withdrawn after the silver convention, leaving withdrawals and notices that exhausted cash and forced assignment.
Newspaper Excerpt: The Colorado Savings Banks at Denver, failed to open their doors for business this morning.
Source: newspapers

Newspaper Articles (22)

1. July 17, 1893 Alexandria Gazette Alexandria, VA

Article from Alexandria Gazette, July 17, 1893

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TELEGRAPHIC BREVITIES. Thos. Walsh, president of the University of Notra Dame, South Bend, Ind., died there to-day. The President left Gray Gables today for a cruise. It is possible he may be bound for New York. Fannie Post, an attractive young lady of Schuyler, Neb., is thought to be held a prisoner by tramps on an island in the Platte river. Two persons were killed and four seriously injured last night by the premature explosion of a fireworks bomb at an Italian picnic near Chicago. Frank Beebe, a son of J. Arthur Beebe, member of the Boston family of millionaires, was drowned in Buzzards Bay last night by the capsizing of his boat. A disease over which the doctors are in dispute, has raged with considerable violence in Anaconda, Mont., for the last ten weeks. It is alternately called black measels and black smallpox. Admiral Wadenkolk is a prisoner and is now on his way to Rio Janeiro under a heavy guard. He has been declared to be a traitor and will no doubt be executed without much ceremony. Anna Witkower, who was until last Sunday a chambermaid at the Palmer House in Chicago, is baroness Sohlbern, wife of of a millionaire Austrian nobleman. The couple were married on Saturday. A posse has been searching since Saturday night in and around Brierfield, Ala., for a negro who, it is reported, shot and killed two women. The belief is general that the negro was last night captured and lynched. William Baxter, of Holden, Mass., was found murdered in a cow pasture yesterday afternoon. The skull was fractured in two places. A hatchet was found near the body and a long handled axe was at the side of the dead man. Goveronor Altgeld, of Illinois, is preparing, according to a statement made by a friend, an exhaustive review of the anarchist case which will be a genuine "roast" for those who secured their conviction. He will reaffirm that the men were bribed by a prejudiced judge and by a jury selected to convict. John Meyers escaped from the State hospital for the insane in Utica, N. Y., this morning and proceeding to his wife's home, murderously assaulted her with a club. Her screams attracted the attention of a neighbor who bravely tackled Meyers and the wife escaped. Meyers then rushed back into the house and cut his throat with 8 razor. It is not believed that the injuries of either will prove fatal. A young girl who was employed as a domestic at a boarding house and George B. Frame, a border at the same place, were struck by a train on the Rome, Watertown and Ogdensburg railroad while they were attempting to cross a railroad bridge on the outskirts of Watertown, N. Y., last night. The girl's body was mangled horriby and the man's skull was crushed. Both died immediately. The five-mile road race of the Calumet Cycling Club at Chicago Saturday afternoon resulted in breaking the American road record for the distance. A. L. Leonhardt did the trick in 13:30, beating the former record by eight seconds. The People's Savings, the Rocky Mountain Dime and Dollar and the Colorado Savings Banks at Denver, failed to open their doors for business this morning. The Bank of Grand Avenue and the Missouri National Bank at Kansas City suspended -day. The Duplex Company of New York assigned to-day.

2. July 18, 1893 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, July 18, 1893

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Streets Thronged with a Mob of Depositors Clamoring for Their Money from the Suspended Banks Yesterday. Two Banks, with $2,000,000 Liabilities, Forced to the Wall in Kansas City. Expected Relief from the East Failed to Arrive in Time-Six State Banks in Kansas Go Under-Other Suspensions. THE SAVINGS BANKS. Denver Institutions, Unable to Obtain Relief, Go to the Wall. DENVER, July 17.-This city was in a financial panic to-day. Streets in front of three savings banks were thronged with wildly fighting depositors demanding their money, but who could not be accommodated for the very good reason that they had suspended. It was the first failure here since 1874. The People's Savings, the Colo. rado Savings and the Rocky Mountain Dime and Dollar Savings banks all closed their doors. An estimate of the assets is $1,500,000, with liabilities of $1,350,000. The Colorado Savings Bank, of which F. K. Atkins 16 president and C. O. Atkins cashier, in the statement to the assignee. Alfred Butters, places the open accounts due depositors at $435,108.5 certiticates of deposits. $50,699.6 due other banks. $3,236.54; cashier's checks, $625. The assets over liabilities in what 18 declared to be good commercial paper, well secured, is $78,063.72. F. W. Woodbury 19 president and C. F. Clark cashier of the Rocky Mountain Dime and Dollar Savings Bank, of which Cbas. H. Blakeney was this morning made assignee. A detailed statement has not yet been made, but from the books of the institution it would appear that the assets are $156,803.58 and the liabilities $105,65.13 The officers of the institution positively assert that the depositors will no: lose a dollar. It is understood that all assignments were preconcerted and was done for self-protection and for the protection of the depositors. The direct cause of the failures WHS the universal hard times and inability to realize on securities. The president of each bank declares that each depositor will be paid ID full, and that the institutions will resume again. A run on the Denver Savings Bank is impending. The bank is taking advantage of the thirty and sixty-day notification law, and is Day. ing out no amounts over $25. President Lawrence, of the People's Savings Bank, in a statement this morning, said: The Savings Bank, up six weeks ago, had a most successful career. having in deposits $1,800,000. and had paid to its depositors in interest $112,482 The causeless run began in May, and really continued up to last Saturday night, when the entire available means of the bank were exhausted, and nothing was left but to assign. The officers of the institution pledged their estates to its support. but bad feeling has been engendered among Eastern banks and financial institutions by the recently published expressions and domonstrations Leralded from Colorado that a thirty days' notice for $100,000. signed by Colorado parties worth $4,000,000, to raise immediate money, was not worth the D& per it was written on. Most persistent efforts were made to obtain temporary assistance to tide the bank over and up to four days ago this necessary assistance was promised by Eastern correspondent banks. butsince the doings of the recent convention in this city became known all over the country these promises were cauceled by telegraph, and no alternative was left us with notices amounting to nearly $500,000 for withdrawais of deposits, maturing within the near future. staring us in the face, and the cash on hand paid down to $223, but to make & full assignment for the protection and ben. efit of all." The failure in the savings banks will in no way affect the People's National Bank, which, with all other national banks, is perfectly sound and anticipates no trouble outside of the savings banks.

3. July 18, 1893 The Helena Independent Helena, MT

Article from The Helena Independent, July 18, 1893

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TELEGRAPHIC BREVITIES. PINE BLUFF. Ark., July 17 -John Cotton, a young negro. was lynohed at Cornerville for she atten.pted rape of n white woman. LONDON. July 17.-A hansom in which the prince of Wales was riding. this even. ing. collided with another and the prince got a bad shaking up but was not seriously hurt. SOUTH BEND, Ind., July 17.-Rev. Thomas F. Walsh, president of Notre Dame university, died this morning at Milwaukee, where he had been under treatment for Bright's disease. CHICAGO, July 17.-Joseph Midoo, of Littie Rock. Ark., was fumbling about in Louis Dillon's room at four o'olook this morning. Dillon waking suidenly. drew a revolver and shot Midoo dead. NEW YORK. July 17.-Forty-two - delegates from theatrical employes' unions in swouty. two states 10-day formed a national alliance of shoat leal employes. John 8. Williams. of New York, was elected president. CHICAGO, July 17.-The five mile race of the Calumes Cycling club resulted in breaking the Ame lean road record for the dietance. A. L. Leonhardt did the trick in 13:30. beating the former record by eight seconds. DENVER. July 17.-The People's Savings bank, the Rocky Mountain Dime and Dollar and the Colorado Savings banks did not open their doors this morning. The assets of the People's are $1,500,000; liabilities, $1,350 000. KANSAN CITY. July 17.-The Missouri National bank suspended payment just before noon. The Grand Avenue bank. a private institution, suspended payment this morning. Its assets are $200,000; liabilities. $140,000. It is expected is will resume shortly.

4. July 18, 1893 The Anaconda Standard Anaconda, MT

Article from The Anaconda Standard, July 18, 1893

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PEOPLE AND PLACES. SOUTH BEND. Ind., July 17. - - Rev. Thomas F. Walsh. president of the Notre Dame university, died this morning. PHILADELPHIA, Pa., July 17. -John J. McConnell, a cotton manufacturer. has assigned. The liabilities are $200,000. The assets will exceed $100,000. CHICAGO, July 17.-- Joseph Midoc of Little Rock. Ark.. was fumbling about in Louis Dillon's room at 4 o'clock this morning. Dillon, waking suddenly, drew a revolver and shot Midoc dead. WASHINGTON. July 17.-The treasury today purchased 80,000 ounces of silver as follows: 50,000 at $0.734: 30,000 at $0.73 4-5. Offers were 738,000 ounces. The total amount of silver purchased to date for July is 948,000 ounces. SANTA ROSA. Cal., July 17.-A photograph of the new comet shows the interesting fact that another comet is enveloped in the tail of the first one. Its tail, also merging in another one, appears to move in the same orbit, or one exactly parallel and at the same rate of speed. BIRMINGHAM, Ala., July 17. A posse has been searching since Saturday night near Brierfiled. for a negro charged with the assault, robbery and murder of two women. He retreated into a swamp which was surrounded last night, and it is believed he will be captured and lynched. CHICAGO, July 17.-By unanimous vote the national commission indefinitely postponed action in the White-Webster contest for a scat in the commission from New Mexico. By this action Mr. White, who was removed by the governor of New Mexico and the removal confirmed by President Cleveland, will retain his seat. The commission further instructed the secretary to notify the secretary of state of the action taken. KANSAS CITY, July 17.-The comptroller of the currency took possession of the Missouri National bank at noon. No statement. It has a paid up capital of a quarter of a million. According to the statement to the comptroller on Saturday it had a cash and sight exchange of $271,000: deposited $900,763. The Grand Avenue bank suspended this morning. Assets. $200,000: liabilities. $140.000. It is expected to resume shortly. It is not doubted among bankers that it will pay dollar for dollar. DENVER, July 17.-The - People's Savings bank. the Rocky Mountain Dime and Dollar bank and the Colorado Savings bank did not open their doors this morning. The assets of the People's bank is $1.500,000; liabilities, $1,350,000. President Lawrence says the failure will in no way affect the People's National. The Colorado Savings bank statement shows deposits $486,000, with assets $730.60 in excess of liabilities. The assets of the Rocky Mountain Dime and Dollar Savings bank is $156,803: liabilities, $105,654. The officers of all three say the debts will be paid in full. It is understood all assignments were preconcerted for self-protection and the protection of depositors.

5. July 18, 1893 The Times Richmond, VA

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Five State Institutions in Kansas Go Under-Co'oredo Failures. DENVER, COL., July 17.-The People's Savings, the Rocky Mountain Dime and Dollar and the Colorado Savings Banks failed to open their doors for business this morning. The assets of the People's Savings Bank are $1,500,000; liabilities, $1,350,000. Prestdent Lawrence, of the People's National Bank, says the failure of the savings institution will in no way affect the People's National Bank. It is understood that all the consignments were preconcerted and for selfprotection of the depositors. The direct cause of the failure was the universal hard times and inability to realize on securities. They declare each depositor will be paid in full, and that the institutions will again be opened. The bank is taking advantage of the thirty and sixty days' notification law, and is paying out no amounts over twenty-five dollars. President Lawrence, of the People's Savings Bank, in a statement this morning, said the bank up to six weeks ago had a most successful career, having its in deposits $1,300,000. and had paid to depositors in interest $112,482. The causeless run began on May 1st, and really continued up to last Saturday night, when the entire available means of the bank were exhausted, and nothing was left but to assign. The officers of the institution pledged their estates to its support. Most persistent efforts were made to obtain temporary assistance to tide the bank over, and up to four days ago this necessary assistance was promised by Eastern corresponding banks; but since the doings of the ecentssilver convention in this city became known, the promises were cancelled by telegraph, and no alternative was left us-with notices amounting to nearly $500,000 for withdrawals of deposits maturing within the near future staring us in the face and the cash on hand paid down to $223-but to make a full assignment for the protection and benefit of all. The failure of the Savings Bank will in no way affect the People's National Bank, which, with all other national banks, is perfectly sound, and anticipate no trouble outside of savings banks. First ATLANTA, GA., July 17.-The National Bank at Cedartown, Ga., closed its doors to-day. The suspension was by inability to raise funds at caused of a once out of collaterals. Rumors shortage on the part of one of the bank officials are denied, and it is asserted that depositors will be paid in full. The bank will resume as a State bank soon. The bank was capitalized at 75,000; surplus, $9,000. KANSAS CITY, MO. July 17.-The Star's special from Topeka, Kan., says: State Bank Examiner Breidenthal says the Hood & Kincaid Bank, of Pleasant, Kan., has failed. The capital stock is $80,000. No statement is given. Commissioner Breidenthal has information of a number of other bank failures in the State, but he declines to give the names until he has taken possession. KANSAS CITY, July 7.-The bank of Grand Avenue and the Missouri National Bank suspended payment at noon to-day. Six Kansas Banks Go Under. TOPEKA, KAN., July 17.-Six Kansas State banks went in the financial flurry to-day. They are the Bank of Riter and Doubleday of Columbus, the Johnson City Bank, of Johnson City: the Bank of Weir City, the Bank of Pleasanton, the Bank of Caney Valley, the Bank of Caney and the Bank of Meade, at Meade Centre. It is impossible to obtain statements at this time.

6. July 18, 1893 Wheeling Register Wheeling, WV

Article from Wheeling Register, July 18, 1893

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DEVNER, COLO., July 17.-The first bank failure in Denver since 1874 occurred this morning when the People's Savings, the Colorado Savings, and the Rocky Mountain Dime and Dollar Savclosed their assets is ing mate banks of the doors. $1,500,000. An F. esti- The K. Colorado Savings bank of which Atkins is president and C. O. Atkins cashier, in their statement to the assignee, Alfred Butters, place the open accounts due depositors at $435,108.54; certificates of deposit. $50,699.36; due other banks, $3,256.54; cashier's checks, $625. Their assets over liabilities in what is declared to be good commercial paper well secured is $73,063.72. F. W. Woodbury is president and C. F. Clark, cashier of the Rocky Mountain Dime and Dollar Savings, of which Charles H. Blakeney was made assignee. A detailed statement has not yet been made, but from the books of the institution It would appear that the assets are $156,803.53, and the liabilities $105,564.53. The officers of the institution positively assert that the depositors will not lose a dollar. It is understood that II the assignments were preconcerted and that it was done for self-protection and for the protection of the depositors. The direct cause of the failures was the universal hard times and inability to realize on securities. The president of each bank declares that each depositor will he paid in full and that the institutions will resume again. A run on the Denvor Saving's Bank is impending. The bank is taking advantage of the 30 and 60 days' notification law and is paying out no amounts over $25. Prestdent Lawrence, of the People's Savings Bank, in a statement this morning said the savings bank up to six weeks ago had a most successful career, having deof $1,300,000, and in interest depositors posits $172,482. had paid and to its con- The ceaseless run began on May 1, tinued up to last Saturday night, when the entire available means of the bank were exhausted and nothing was left but to assign. The officers of the institution pledged their estates to its support but the feeling that has been engendered amoaz Eastrn banks and financial institutions by he recently published expressions and demonstrations that have been heralded rom Colorado, paper at thirty days noice, for $100,000, signed by Colorado parties worth $400,000, to raise immediite money, was not worth the paper it was written on. Most persistent efforts were made to obtain temporary assistlance to tide the bank over, and up to four days ago this necessary assistance was promised by Eastern correspondent banks, but since the doings of the recent convention became known all over the country, these promises were cancelled by telegraph and no alternative was left us-with notices amounting nearly to $500,000 for withdrawals of deposits maturing within the near future staring us in the face and cash on hand paid down to $223-but to make a full assigment for the protection and benefit of all. The failure of the savings bank will in no way effect the People's National bank, which, with all other national banks, are perfectly sound, and anticipate no trouble from outside savlogs banks.

7. July 18, 1893 The Madison Daily Leader Madison, SD

Article from The Madison Daily Leader, July 18, 1893

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Three Bad Failures at Denver and Two at Kansas City During the Day. Henry Clews Gives Comptroller Eckles Some Interesting Suggestions As to How a Sound as Well as Elastic Currency Might Be Established. DENVER. July 18.-Commercial circles are greatly excited over the failure of three banks in this city during the day. The banks constituting the triple failure are the Colorado Savings bank, the People's Savings bank and the Rocky Mountain Dime and Dollar Savings bank. An estimate of the total assets are $1,500,000 and liabilities are placed at nearly that amount. Charles H. Blakeney was made assignee of the Rocky Mountain Dime and Dollar Savings bank. It is understood that all the assignments were preconcerted and were done for self protection and for the protection of depositors. The direct cause of the failures was the stringency of the money market and inability to realize on securities. The president of each bank declares that each depositor will be paid in full, and that the institutions will resume again. An incipient run has been started on the Denver Savings bank. The bank is taking advantage of the 30 and 60 days notification provision, and is paying out no checks or drafts for more than $20 each.

8. July 18, 1893 The Madison Daily Leader Madison, SD

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BUSTED BANKS. Three Bad Failures at Denver and Two at Kansas City During the Day. Henry Clews Gives Comptroller Eckles Some Interesting Suggestions As to How a Sound as Well as Elastic Currency Might Be Established. DENVER, July 18.-Commercial circles are greatly excited over the failure of three banks in this city during the day. The banks constituting the triple failure are the Colorado Savings bank, the People's Savings bank and the Rocky Mountain Dime and Dollar Savings bank. An estimate of the total assets are $1,500,000 and liabilities are placed at nearly that amount. Charles H. Blakeney was made assignee of the Rocky Mountain Dime and Dollar Savings bank. It is understood that all the assignments were preconcerted and were done for self protection and for the protection of depositors. The direct cause of the failures was the stringency of the money market and inability to realize on securities. The president of each bank declares that each depositor will be paid in full, and that the institutions will resume again. An incipient run has been started on the Denver Savings bank. The bank is taking advantage of the 30 and 60 days notification provision, and is paying out no checks or drafts for more than $20 each.

9. July 18, 1893 The Evening World New York, NY

Article from The Evening World, July 18, 1893

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PANIC ON IN DENVER. Four More Banks Close Their Doors To-Day. Runs Started on All the ClearingHouse Institutions. several Kansas Banks Go Down. with One in Ada. Ohio. DENVER, Col., July 18.-The Union National Bank, of which R. W. Woodbury is President, failed to open its doors this morning. The capital is $1,000,000. No statement can be had. A run is now being made on the City National, German National, First National. Colorado National and all the Clearing-House banks. The panic is on. LATER.-The Commercial National Bank has closed its doors. A notice says: "This bank has gone into liquidation by order of the Board of Directors." The National Bank of Commerce has also closed. Ex-Gov. Job A. Cooper is President of this bank. The Mercantile Bank. a private institution with a capital stock of $100,000, closed its doors at noon. The failure was caused by the failure of the Union National Bank, through which it cleared. C. C. Girda, the City Auditor, is President. W. F. Robinson formerly Treasurer of the Republican Publishing Company. one of the oldest and most respected individuals in the State, has been made assignee. President Woodbury is of the opinion that the Union National Bank will reopen and continue business as before. It is one of the oldest banks in Denver, and has always been regarded as one of its solid ones. The failure of the Chamberlin Investment Company a few days ago affected the Union National, the Company having become indebted to the bank about $50,000. The Commercial National Bank was in bad shape. It has a capital stock of $250,000. and only had $2,000 in cash in the bank. TOLEDO, July 18.-The Citizens' Bank of Ada, O., the most prominent one in Hardin County, failed to open its doors this morning. Its owner, Peter Ahifield, has controlled it for over a quarter of a century, and is one of the wealthiest men of that section. No statement of assets and liabilities, or the cause of failure, can be obtained. FORT SCOTT, Kan. July 18.-The First National Bank, of this city, the oldest financial institution in Southeastern Kansas, has suspended payment. TOPEKA. Kan., July 18.-State Bank Examiner Breidenthal this morning received notice of the failures of the Citizens' Bank, of Kansas City, Kan., of the Bank of Richmond and of the Farmers and Merchants' Bank. at Ossawattomie. The concerns all did a small business. Statements are unobtainable. The opinion is expressed that other institutions throughout the State will soon go under. The Denver bank failures reported above are in addition to the three reported in the same city yesterday, which were as follows: People's Savings Bank: assets, $1,125,667.55; liabilities, $966,996.88 Colora do Savings Bank: assets over liabilities, $73,063.62. Rocky Mountain Dime and Savings Bank: assets, $156,803.53; liabilities. $105, 654.32. The seriousness of the situation is quite evident from the collapse of all f these institutions.

10. July 18, 1893 The Sun New York, NY

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A BANK CRASH IN DENVER. THREE SAVINGS BANKS ARE IN THE HANDS OF ASSIGNEES. They Say Every Depositor will be Paid In Full-It was Impossible In these Days of Distrust to Realize on their SecuritiesOne Bank has Demands for $500,000 Withdrawals and Only 8823 On Hand. DENVER. July 17.-The first bank failures in Denver since 1874 occurred this (morning. when the People's Savings Bank. the Colorado Favings Bank. and the Rocky Mountain Dime and Dollar Savings Banks closed their doors. An estimate of the assets is $1,500,000. with liabilities of $1,350,000. The Colorado Savings Bank. of which F. K. Atkins is President and C.C. Atkins cashier. in its statement to the assignee. Alfred Butters. places the open accounts due depositors at $435,108: certiflcates of deposit. $50,699; due other banks. $3,236: cashier's checks. $625. The assets over liabilities. in what is declared to be good commercial paper. well secured. is $73.063. F. W. Woodbury is President and C. F. Clark cashier of the Rocky Mountain Dime and Dollar Savings Bank. of which Charles H. Blakey was this morning made assignee. A detailed statement has not yet been made, but from the books of the institution it would appear that the assets are $156,803. and the liabilities $105,654. The officers of the institution positively declare that the depositors will not lose a dollar. All the assignments were preconcerted. and were made for self-protection and for the protection of the depositors. The direct cause of the failures was the universal hard times and inability to realize on securities. The President of each bank declares that each depositor will be paid In full and that the institutions will resume again. A run on the Denver Savings Bank is impending. The bank is taking advantage of the thirty and sixty days' notification law and is paying out no amounts over $25. President Lawrence of the People's Savings Bank. in a statement this morning said the savings bank. up to six weeks ago. had had a most successful career. having in deposits $1,300,000 and had paid to its depositors in interest $112,482. The causeless run begun on May 1 had really continued up to last Saturday night, when the entire available means of the bank were exhausted and nothing was left but to assign. The officers of the Institution pledged their estates to its support. but because of the feeling that has been engendered among Eastern banks and financial Institutions by the recently published expressions and demonstrations that have been heralded from Colorado, a thirty days' notice for $100,000. signed by Colorado parties worth $4,000,000, to raise immediate money. was not worth the paper it was written on. Most persistent efforts were made to obtain temporary assistance to tide the bank over. Up to four days ago this necessary assistance was promised by Eastern correspondent banks: but since the doings of the recent Convention in this city became known all over the country these promises were cancelled by telegraph. and no alternative was left us. With notices amounting to nearly $500.000 for withdrawals of deposits maturing within the near future staring us in the face. and the cash on hand paid down to $223. the best thing to do was to make a full assignment for the protection and benefit of all." The President further said: The failure of the savings banks will in no way affect the People's National Bank. which, with all other national banks. are perfectly sound. and anticipate no trouble outside of the savings banks.

11. July 18, 1893 The Herald Los Angeles, CA

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THE FINANCIAL TIDAL WAVE, Six Kansas Banks Go Down In the Flurry. Several More Kansas City Banks Forced to Close. Savings Institutions of Denver Begin to Collapse-A Georgia Bank Suspends-A Pacific Coast Failure. By the Associated Press. TOPEKA, Kan., July 17.-Six Kansas banks went down in the financial flurry today. They are: The bank of Ritter & Doubleday of Columbue; the Johnson City bank of Johnson City; the Bank of Wier City; the bank of Pleasanton; the Caney Valley bank of Caney, and the Bank of Meade at Meade Center. It is impossible to obtain a statement tonight. The banks have been taken possession of by the state bank commissioner. KANSAS CITY BANK FAILURES. KANSAS CITY, July 17.-The Grand Avenue bank, a private institution, suspended this morning. Assets, $290,000; liabilities, $140,000. It is expected to resume shortly. It is not doubted among bankers that it will pay dollar for dollar. The comptroller of currency took pos. session of the Missouri National bank at noon. It has a paid up capital of $250,000. According to a statement to the comptroller Saturday, it had cash and sight exchange amounting to $271,000; deposits, $900,763, A later statement by the officers shows that the agsets are $1,254,000; liabilities, $700,000. Assistance was on the way from the east, but did not arrive in time, as the depositors were making heavy drafts on the bank. The officers declare the depositore will be paid in full. There was no well-defined run on any of the other national banks, although some deposits were drawn out. DENVER BANKS CLOSED. DENVER, July 17.-The People's Savings bank, the Rocky Mountain Dime and Dollar and the Colorado Savings banks did not open their doors this morning. The assets of the People's are $1,500,000; liabilities, $1,350,000. President Lawrence says the failure will in no way affect the People's National bank. The Colorado Savings bank's statement ehowe: Deposite, $486,000; with 1 aesets, $730,949 in excess of liabilities. 1 The assets of the Rocky Mountain Dime t and Dollar Savings band are $156.803; liabilities, 105,654. The officers of all three say the debte will be paid in full. It is understood that all the assignments were preconcerted for T self-protectson and the protection of the V depositors. President Lawrence of the t People's says the bank had about com1 pleted arrangements for temporary relief from eastern banks, but the doings of the silver convention here caused them to withdraw all aid and the bank o had no other recourse but to assign. f A GEORGIA BANK CLOSED, ( ATLANTA, Ga., July 17.-The First Na. tional bank of Cedartown, Ga., capital $75,000, closed today. The suepension was caused by inability to realize on 1 collaterals. The bank will resume as a state bank soon. A PACIFIC COAST FAILURE. ANACORTES, Wash., July 17.-The Bank of Anacortes failed to open its ( doors today, owing to inability to real1 ize on its securities. Liabilities, $29,i 000; assets, $78,000. Depositora will be t paid in full.

12. July 18, 1893 The Morning Call San Francisco, CA

Article from The Morning Call, July 18, 1893

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The East Refuses Denver Money. SAVINGS BANKS GO UNDER. Assistance Would Have Been Given but for the Doings of the Silver Convention. Special to THE MORNING CALL DENVER, July 17.-The People's Savings Bank, the Rocky Mountain Dime and Dollar and the Colorado Savings Banks did not open their doors this morning. The assets of the People's Bank are $1,500,000; liabilities, $1,330,000. President Lawrence says the failure will in no way affect the People's National. The Colorado Savings Bank statement shows: Deposits, $486,000; assets, $73,064 in excess of liabilities. The assets of the Rocky Mountain Dime and Dollar Savings Bank are $156,803; liabilities. $105,654. The officers of all three say the debts will be paid in full. It is understood that all assignments were preconcerted for self-protection and the protection of depositors. President Lawrence of the Peoples' Bank says the bank had about completed arrangements for temporary relief from Eastern banks, but the doings of the silver convention here caused them to withdraw all aid and the bank had no other recourse but to assign. Stocks are stagnant. The realizations produced uneasiness. Foreign securities closed lower than Saturday. KANSAS CITY, July 17.-The Missouri National Bank suspended payment just before noon, and the Comptreller of the Currency took possession. There is no statement, It has a paid-up capital of $250,000. The statement by the officers showed assets $1,254,735. liabilities $700,000. Assistance was on the way from the East, but did not arrive in time, as the depositors were making heavy draits on the bank. The officers declare the depositors will be paid in full. The Grand-avenue Bank, a private in. stitution, suspended this morning. The assets are $200,000; liabilities, $140,000. It is expected to resume shortly. It is not doubted among bankers that it will pay dollar for dollar. There was no well-defined run on any of the other national banks. although some deposits were drawn ou: TOPEKA, Kans., July 17.-Six Kansas banks went down in the financial flurry to-day. They are: Bank of Ritter & Doubleday, of Columbus; Johnson City Bank, of Johnson City; Bank of Wier City; Bank of Pleasanton, Caney Valley Bank, of Caney, and Bank of Meade, at Meade Center. It is impossible to obtain statements of their condition to-night. The banks have all been taken possession of by the State Bank Commissioner. PHILADELPHIA, July 17.-John J. McConnell, morocco and cotton manufacturer, has assigned. The liabilities are $200,000 and the assets will exceed $100,000. NEW YORK, July 17.-The Duplex Street Railway Track Company, incorporated in West Virginia, has failed. The liabilities are $150,000. ATLANTA, Ga., July 17.-The First National Bank of Cedartown, Ga., which has a capital of $75,000, closed to-day. The suspension was caused by the inability to realize on collaterals. The bank will resume as a State bank soon.

13. July 18, 1893 Evening Star Washington, DC

Article from Evening Star, July 18, 1893

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WESTERN BANKS CLOSE. Two at Kansas City and Three at Denver Suspend. The Grand Avenue Bank of Kansas City, s private institution, assigned yesterday to James B. Rickel, who immediately took charge. The assets are placed at $200,000 and the liabilities at $140,000. The Grand Avenue Bank holds ample gilt-edged securities to meet obligations, it is claimed, and the officials say they expect to resume business shortly. Despite assertions of strength and the publishing of a favorable statement Saturday, the Missouri National Bank of the same city was taken possession of by the controller of the currency shortly before noon yesterday. The bank was immediately closed and it was impossible to get a statement from the officers. The Missouri National is a new bank, having opened in January, 1891. Three Banks at Denver. The People's Savings, the Rocky Mountain Dime and Dollar and the Colorado Savings Banks of Denver yesterday failed to open their doors for business. The assets of the People's Savings Bank are $1,500,000; liabilities, $1,350,000. President Lawrence of the People's National Bank says the failure of the Savings Institution will in no way affect the People's National Bank.

14. July 19, 1893 The Indiana State Sentinel Indianapolis, IN

Article from The Indiana State Sentinel, July 19, 1893

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THE PRESSURE T00 GREAT. Withdrawal of Deposits the Principal Cause, Coupled with the Failure to Cash Paper. The Missouri National at Kansas City Also Suspends from Causes Practieally the Same-A Georgia Institution Succumbs-News of Other Failures from Various Quarters. DENVER, July 17.-The first bank failure in Denwer since 1874 occurred this morning when the People's savings, the Colorado savings and the Rocky Mountain dime and dollar savings banks closed their doors. An estimate of the assets are $1,500,000, with liabilities of $1,350,000. The Colorado savings bank, of which F. K. Atkins is president and C. O. Atkins cashier, in their statement to the assignee, Alfred Butters, place the open accounts due depositors at $435,108.54, certificates of deposit, $50,699.66, due other banks $3,236.54, cashiers' checks $625. Their assets over liabilities in what is declared to be good commercial paper, well secured, is $73,063.72. F. W. Woodbury is president and C.F Clark cashier of the Rocky Mountain dime and dollar savings bank, of which Charles H. Blakeney was this morning made assignee. A detailed statement has not yet been made, but from the books of the institution it would appear that the assets are $153,803.53, and the liabilities $105,654.32. The officers of the institution positively assert that the depositors will not lose a dollar. It is understood that all the assignments were preconcerted, and were made for selfprotection and the protection of the depositors. The direct cause of the failure was the universal hard times and inability to realize on securities. The president of each bank declares that each depositor will be paid in full, and that the institutions will resume again. A run on the Denver savings bank is impending. The bank is taking advantage of the thirty and sixty days' notification law, and is paying out no amounts over $25. President Lawrence of the People's savings bank, in a statement this morning, said the savings bank up to six weeks ago had a most successful career, having in deposits $1,300,000, and that it had paid to its depositors in interest $112,482. "The causeless run," he says, "began in May and really continued up to last Saturday night, when the entire available means of the bank were exhausted, and nothing was left but to assign. The officers of the institution pledged their estates to its support, but through the feeling that had been engendered among eastern banks and financial institutions by the recently published expressions and demonstrations that have been heralded from Colorado, a thirty days' notice for $100,000, signed by Colorado parties worth $4,000,000, to raise immediate money, was not worth the paper it was written on. Most persistent efforts were made to obtain temporary assistance to tide the bank over, and up to four days ago this necessary assistance was promised by eastern correspondent banks. But since the doings of the recent convention in this city became known all over the country these promises were canceled by telegraph, and no alternative was left us (with notices amounting to nearly $500,000 for withdrawals of deposits, maturing within the near future, staring us in the face and the cash on hand paid down to $223) but to take a full assignment for the protection and benefit of all." The failure of the savings bank will in no way affect the People's national bank, which, with all other national banks, is perfectly sound, and anticipate no trouble outside of the savings banks.

15. July 19, 1893 New Ulm Review New Ulm, MN

Article from New Ulm Review, July 19, 1893

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16. July 20, 1893 Echo De L'ouest Minneapolis, MN

Article from Echo De L'ouest, July 20, 1893

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Faillites de Banques et antres depuis quelques jours -Le Schleisinger Syndicate de Nigaumee, Mich, representant des millions de dollars de capital allemand a fait faillite. Les pertes des créanciers seront énormes. W.H. Rush et H, M. Tabor de Denver, Col., ont deposé leur bilan. Passif 650000 dollare. La Bank of Springfield, Mo, a fermée ses portes. C'est la premiè re fois qu'une banque fait faillite dans la ville. Passif 256,000 dollare. Fermée est la Bank of Garnet, Kan. Les déposants perdront énormé ment et le comté 23,000 dollare que le tréforier y avait déposés. Trois faillites de banques de New-York, celles de MM. C. H. Bunell, celle de M. H. S. Tober et enfin celle de M. W. Barrow. La Philadelphia Mutual Life Insurance Company de Harris burg, Pa., et la Keyatone Benefit Association de Beaver Falls, Pa., sont insolvables. O. E. Nettleton banquier de Deeham, Mass., a dépost son bilan. Le "Universal Order of Coope ration" de Philad-lphie va être mis entre les mains d'nn syndic. Harris Bros de New York ont suspendu leurs paiements. Passif 100,000 dollars. La N W Jersey Sheep & Wool Company de Trenton N. Y. a fermé ses portes. En faillite auesi dans le Kansas La "Bank of Balter and Double Bay de Columbus" la "City Bank" de Johnson City, et la "Book of Weir City" La Peoples Savings Bank de Denver, Col., a ferme see portee. Passif 350,000 dollare. La Rocky Mountain Dime et Dollar Bank de la même ville a suspendu ees paiements. Il en est de même de la Colorado Savings Bank. La Missouri National Bank et la Grande Avenue Bank de Kan888 City ont fait faillite. Passif 250,000 dollars. Et la liste eat loin d'être épuisée. Enfin les banques "Union National," "Commercial National," "National Bank of Commerce" et "Mercautiie Bank" de Denver, Col., ont aussi sombré. Il en est de même de la "Citizen's Bank" de Kansas City, de la "Bank of Richmond" et de la "Farmers et Merchants Bank" de Oaawatomie, Kan., ainsi que de la "First National Bank" de Fort Scott et de la "Armourdale CitiZons Bind," Kansas. On va bien sous le régime démocratique.

17. July 20, 1893 The State Republican Jefferson City, MO

Article from The State Republican, July 20, 1893

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THREE FAILURES. Three Denver Banks Conclude to Suspend for Self-Protection. Causing Considerable Excitement In Commercial Circles DENVER, Col., July 18.-Commercial circles are greatly excited over the failure of three banks this morning. The banks constituting the triple failure are: The Colorado savings bank, the Peoples' savings bank and the Rocky Mountain Dime and Dollar savings bank. An estimate of the total assets are $1,500,000 and liabilities are placed at nearly that amount. Charles Blakeney was made assignee of the Rocky Mountain Di me and Dollar savings bank, of which F. H. Woodbury is president and G. F. Clark, cashier. No detailed statement has been given out, but from the books of the institution the assets are $156,806.53 and the liabilities $105,565,320. The officers of the bank are positive in their statement that depositors will receive dollar for dollar. The Colorado savings bank. of which F. K. Atkins is president and C. O. Atkins cashier, in their statement to the assignee, Alfred Butters, place the open accounts due depositors at $435,108.50; certificates of deposit, $50,699.36; due other banks, $3,236.95. The assets over liabilities in what is declared to be good commercial paper, well secured, is $73,063.72. No statement of the People's bank can be secured as yet. It is understood that all the assignments were preconcerted and were done for self-protection and for the protection of the depositors. The direct cause of the failures was the strengency of the money market and inability to realize on securities. The president of each bank declares that each depositor will be paid in full and the institutions will resume business in a short time, An incipent runhas been started on the Denversavings bank. The bank is taking advantage of the thirty and sixty days' notification provision and is paying out no checks or drafts for morethan $20 each.

18. July 22, 1893 Perrysburg Journal Perrysburg, OH

Article from Perrysburg Journal, July 22, 1893

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BY THE WHOLESALE. Bank Failures in the West Multiplying Daily-On Monday There Were Six in the State of Kansas, Two in Kansas City and Three in Denver. TOPEKA, Kan., July 18.-State Bank Commissioner Breidenthal was on Monday notified of the suspension of six state and private banks in Kansas, all due to the suspension of Kansas City banks in which they had deposits. The banks reported are the Bank of Johnson City, the Bank of Weir City, Hood & Kincaid's private bank of Pleasonton, Caney valley bank of Caney, Ritter & Doubleday's private bank of Columbus and the Bank of Meade of Meade Center. KANSAS CITY, Mo., July 18. - The Missouri national bank, which was looked upon as one of the stoutest houses in the west, closed its doors at noon. Its assets are nearly $2,000,000, while its liabilities are only one-half of that figure. At 9:30 a. m. the Bank of Grand avenue failed for $250,000. DENVER. Col., July 18. - The first bank failure in Denver since 1874 occurred Monday morning when the People's savings, the Colorado savings and the Rocky Mountain dime and dollar savings banks closed their doors. The assets of the People's savings bank are $1,500,000; liabilities. $1,350,000. The Colorado savings bank has assets over liabilities, it is claimed, amounting to $73,000. The assets of the Rocky Mountain dime and dollar savings bank are $156,803.53; liabilities, $105,654.32. It is understood that all the assignments were preconcerted and the step was taken for self-protection and for the protection of the depositors. The direct cause of the failures was the universal hard times and the inability to realize on securities. The president of each bank declares that every depositor will be paid in full and that the institutions will resume.

19. July 22, 1893 The Bessemer Indicator Pueblo, Bessemer, CO

Article from The Bessemer Indicator, July 22, 1893

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been mining engineer, has appointed chief of police of Denver. The Silver Cord mill at Leadville was burned on the 17th. Loss $15,000. The Denver Chamber of Commerce has endorsed the address adopted by the silver convention. The striking switchmen at Pueblo have agreed to go to work. but some of them will lose their positions it is thought The big merchants of Denver have started a movement to induce their landlords tolower rents. which are too high for the hard times. The coroner's jury has decided that How. ard. who was murdered near Pueblo recently, came to his death at the hands of Indian Joe, tough men who has a bad record He is under arrest. Bush & Tabor, who run the Brown Palace and Metropole hotels at Denver have assigned. The total amount of assets involved in these assignments is $2,222,909.90 while the liabilities of all the firms involved amount 0 $641,334.66 The People's Savings Bank. the Rocky Mountain Dime and Dollar Savings Bank and the Colorado Savings Bank of Denver falled on the 17th. There had been a steady with drawal of deposits and the banks could not realize on their securities Their deposits amounted to about $2,000,000. At an early hour Saturday morning the Aspen house at Aspen. owned by J. T. McCarthy, was burned to the ground with all its furnishings. Several boarders were forced to jump from the windows in their night clothes Loss $7,000. Insurance 83,200 An explosion of it lamp in the hall is supposed to be the origin. Denver Markets-Eggs ranch 16c, state 17c: butter. best creamery 23@24c, dairy 17c; hav. upland baled 812@$15. second bottom 11($12:alfalfa $7.00: wheat 85c: corn, bulk 75c sacked 87c: oats, $1.18, sacked $1.21 potatoes $2.75: cattle. choice steers $3.00 @$3.50. cows $2.15@$2.85. native feeders $2.00 @$2.75; hogs, choice $5.70: spring chickens $3.50@c$5.00per doz: bens. 12c State Engineer Kramer has been called upon by the farmers of Larlmer county to deside a knotty question R. Q. Tenny, the water commissioner, has issued an order closIng the headgates and shutting off the water from the ditches The question comes under the law of priority. which It Is said will cause trouble before the water supply can be properly distributed In compliance with a petition presented to the commissioners of Pueblo county by over 1,000 citizens, that body decided to have the grading and filling necessary for the completion of the Fourth street bridge over the Arkansas river done by day laborers, under direction of the county road overseer. instead of letting it out on contract. There is large amount of work to be done and laborers are delighted with the action of the commissioners. The Western Colorado Investment Com pany, which is to put down two wells in the vicinity of Grand Junction. has been sending out leases to all the ranch owners for signatures. The returns have begun to come in, and leases for more than 1,000 acres of land have been filed with Colonel Grout As soon as the percentage of land under lease becomes ufficiently large the machinery will be brought here and the work of boring for water will be begun. F. M. Goodykoontz state auditor and superintendent of insurance. has issued his report for the year ending Dec 1892. The report snow that during the year of 1892 fire insurance risks were written to the amount of $103,168,403.69 as compared with $93,519,766. 16. the previous year. The premium receipts were $1,721,483.74 The losses paid increased from $573,139.42 in 1891 to 806,481.04 In 1892. The business of the life insurance companies IncreasedFrom $16,025,740.25 to $18,598,881 98. The premium receipts decreased from $1,422,422.66 to $1,272,023.09 The investigation into the disappearance of Henry Howard at Baxter station. near Pueblo, revealed the fact that he had been murdered. After making a close examination of the premises the work of excavating the well began. This was a laborious task as the well was twelve feet deep. and after the body of the murdered man had been thrown in it had been tilled with posts, rubbiah and earth. The body was found at the bottom in a much decomposed state. but was readily.identified as that of Henry Howard. The upper part of the head was crushed, that part of the skull being broken into small pieces. indicating that several blows had been inflicted to complete the work of murder. The body had on no clothing except shirt and drawers, and is belleved the man was attacked at night while asleep. A horse, cart. harness and dog belonging to Howard, together with the contents of the house, excepting the bed, have disappeared. with no indications as to what direction It has gone. Belmont Holdredge, a tramp section hand, met with a most pecullar accident ten miles Denver on the Kansas Pacific railway Sunday morning. He was stealing a ride on the pilot of the engine on an incoming freight train. The engine ran into a cow and the tramp and the cow were thrown ten feet to one side of the track. The trainp struck the ground first and the cow descended upon him. The weight of the beast in falling broke his.leg. and he with great difficulty extracted himself from his perilous position. His escape from more serious injuries was remarkable. The engineer saw the accident and stopped the train and brought Holdredge to Denver where he was placed in a hospital. The switchmen on the D. & R. G. At Puablo struck on the 10th. They demand the discharge of the yardmaster, William Crooker.

20. August 2, 1893 The Abbeville Press and Banner Abbeville, SC

Article from The Abbeville Press and Banner, August 2, 1893

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South and West. THE Bank of Mound Valley, Kan., owned by C. M. Condon, of Oswego, Was robbed by three men who rode into the town and enterIDE the bank tfed and gagged the cashier, J. O. Wilson, and secured the money in sight, which amounted to $600. A YELLOWISH black cloud came up from the west and swept through Stillwater, Minn.. along Lake St. Croix, thence across the lake, and spent itself in the Wisconsin woods to the southeast. Two persons were killed, William Anez and Samuel Simonson. THE National Bank of Kansas City. Mo., has failed the liabilities are about $1,000,000 and assets estimated at over $2,000,000. AN explosion of fireworks occurred at a grove near Chicago, III.. in which an Italian society was holding a picnic. The explosion resulted in the killing of four persons-three men and a boy-and the wounding of twelve others. THE last open Sunday of the World's Fair did not show any improvement upon other Sundays in point of attendance, but as nearly all passholders paid the entrance fee of fifty cents, the fund for the benefit of the sufferers from the cold storage fire was increased in a substantial way. About $30,000 was realized. AT Denver, Col.. the People's Savings, the Rocky Mountain Dime and Dollar and the Colorado Savings Banks have closed their doors. At Kansas City, Mo., the Missouri National Bank has suspended payment, also the Grand Avenue Bank, a private institution. The assets are $200,000; liabilities, $140,000. FOUR people were killed and several injured in a collision between a Grand Trunk train and a horse car in Chicago, III. THE foreign exhibitors at the World's Fair are getting ready to file claims against the National Government for damages, claims to the amount of $400,000 baving already been prepared. THE First National Bank at Cedartown, Ga., closed its doors. The suspension was caused by inability to realize at once on co!laterals. SECRETARY MOHLER has issued a statement saying that if the conditions continue favorable Kansas will have the largest corn crop in the State's history, with the exception of that of 1889.

21. May 23, 1894 Rock Island Argus Rock Island, IL

Article from Rock Island Argus, May 23, 1894

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Removed the Assignee. DENVER, May 23.-Upon petition of 1,859 depositors who allege mismanagement of the Colorado Savings bank which made an assignment during the financial panic last summer to Alfred Butters, Judge Graham has removed Mr. Butters as assignee because as director and vice president of the institution he is an interested party.

22. December 31, 1896 Evening Star Washington, DC

Article from Evening Star, December 31, 1896

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President Atkins' Trial Begins. The trial of the case of Frank K. Atkins, president of the defunct Colorado Savings Bank of Denver, has begun. There are ten indictments against him and an equal number against his brother, C. O. Atkins, cashier of the bank, whose trial will follow. They are accused of wrecking the institutien. The specific charge is that of accepting deposits when they knew the bank was insolvent. The bank failed during the panic of 1893.