1267. Commercial Bank of Denver (Denver, CO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 24, 1893
Location
Denver, Colorado (39.739, -104.985)

Metadata

Model
gpt-5-mini
Short Digest
adceca5e

Response Measures

None

Description

Multiple contemporary newspaper reprints state Commercial Bank of Denver fails; capital $250,000. The items are part of a summary of the 1893 panic (July 24, 1893 period). The articles do not describe a discrete misinformation-triggered run on this specific bank; they report failure/suspension as part of the broader 1893 crisis. I therefore classify this as a suspension/closure (failed bank) driven by the wider financial panic (macro/systemic news).

Events (1)
1. July 24, 1893 Suspension
Cause
Macro News
Cause Details
Failure reported in the July 24, 1893 period as part of the wider 1893 banking panic and wave of bank suspensions/failures; no bank-specific misinformation described.
Newspaper Excerpt
Commercial Bank of Denver fails; capital $250,000.
Source
newspapers

Newspaper Articles (10)
1. September 28, 1897 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, September 28, 1897

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STRIKING COMPARISON, BUSINESS UNDER TWO PRESIDENTS. SIXTY DAYS OF THE FIRST YEAR SININGV THE ao TRATION COMPARED WITH THE SAME PERIOD UNDER PRESENT 'NOLLYHISINIKOV The following striking comparison is published by the Pittsburgh Dispatch: The following data, gathered largely from official reports, presents a picture of the 60-day period of the year 1893, with which the two months just ended correspond both as to the portion of the year and the period of the presidential admin01 0518 pue THE legislation: RECORD OF DISASTER. Week ending July 24, 1893-Failure Four of Bozeman, Mont., National Bank Denver banks close their doors Bank suspensions in other western cities Two bank failures in Milwaukee and runs on numerous other banks Commercial Bank of Denver fails; capital, $250,000. Bank failures of Vernon,Tex., and Knoxville, Tenn.: capital, $200,000; also failures of banks at Great Falls, Mont. and Orlando, Fla.;capital, $200,000 Suspension of work in manufactories reported from all sections. T isnenv Surpue banks of Manchester, N. H., and Indianapolis, Ind., fail: capital, $500,000 Failure of First National Bank of Spokane, Wash: capital, $250,000. Ten banks -'7$ capital :(22 sing) Aup euo up puedsns 000,000. Bank failures in South Dakota, Montana, Illinois, Kansas, Texas,WashIngton New Hampshire, and correspondIngly large number of business suspensione. Week ending August S, 1893-Collapse of Chicago provision deal and many failures of commission houses. Failure of National Bank of E1 Paso, Tex Failof National Bank of San Antonio, ure Tex Failure of National Bank of Muncle, Ind Fifty-third Congress meets in special session to begin its destruction of the McKinley law. Week ending August 26, 1893-Encounter between the anarchists and socialists averted by the New York police. Meeting of anarchists broken upby New York police Failure of national Bank at Hindman, Pa Failure of national JO understand USEM 16 rueq -Jewnu up Announcement by Compous troller of states the Currency that 155 national banks and 560 private banks had failed during the year ending August 28 Railroad receivers appointed during August for Northern Pacific, Philadelphia and Reading. New England, and Pittsburgh. Akron & Western. September-Railroad receivers appointed for Wisconsin Central, Chicago, Peoria & St. Louis. Cleveland. Canton & Southern and Evansville & Terre Haute railroads. The mileage of roads placed In the hands of receivers during the year IIᵉ JO nearly 25.379 SEM 1893 the lines in the United States and the inDUT Bujance dependeds year there were 16,115 mercantile suspensions. Involving liabilities amounting to $346,779,889 During the bank suspensions of July loans were made on call at SU 4314 SE exchange Hoors TOTA MON 041 72 per cent. McKINLEY WORKS A CHANGE. The following statements of revival of manufacturing inductries during the days following the enactment of the Dingley law. the period corresponding with the similar dates in the first year of Cleveland's second term. show the contrast between present conditions and those of the corresponding months of the preceding administration. The statements which follow are from Bradstreet's Financial Journal: Week ending July 24, 1897-Twenty th usand workmen resume work in the fron and steel industries. Bigelow Carpet Company at Clinton, Mass., resumes work: 000 hands Packer Colliery at Rappahannock, Pa., resumes work: 1,000 hands. Columbus Buggy Company reH "H o 28 "8" "D 'spucy 400 :sowns reports full complement of hands at work in its railroad shops for the first time in several years...Chattanooga Tradesman announces a large number of iron furnaces in the south resuming work McKenna Steel Works. Jollet, III., resume: 400 hands. Spinners at silk mill, Paterson, N. J., receive increase in wages from 5 to 20 per cent. Pittsburgh Plate Glass Company, Kokomo, Ind., resumes, 800 hands Maine Central Railroad increases wages of employes. Week ending July 31, 1897-Tod Furnaces. Youngstown, O., resume work.... Numbers of manufacturing concerns in Connecticut and Pennsylvania resume Furnaces at Birmingham and

2. October 1, 1897 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, October 1, 1897

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A Comparison That Tells the Story. A comparison has been made, compiled from reliable statistics which no one can question, between the operation of the Wilson law during its first sixty days and the Dingley law for the same period. The period in 1893 marked the beginning of the Democratic attack upon protection and in 1897 its restoration. SIXTY DAYS UNDER THE WILSON LAW. The following data, gathered largely from official reports, presents a picture of the sixty-day period of the year 1893 with which the two months just ended correspond both as to the portion of the year and the period of the presidential administration, and also proximity to the tariff legislation. WEEK ENDING JULY 24, 1893. Failure of Bozeman, Mont., National Bank. Four Denver banks closed their doors. Bank suspensions in other western cities. Two other bank failures in Milwaukee and runs on numerous other banks. Commercial bank of Denver fails, capital $250,000. Bank failures at Vernon, Texas, and Knoxville, Tenn., capital $200,000. Failure of Tacoma, Wash., National Bank. capital $200,000. Failures of banks at Great Falls, Mont., and Orlando, Fla., capital $200,000. Suspension of work in manufactories reported from all sections. WEEK ENDING AUG. 1, 1893. National banks at Manchester, N. H., and Indianapolis, fail, capital $500,000. Failure of First National Bank at Spokane, Wash., capital $250,000. Ten banks suspend in one day (July 27), capital $2,000,000. Bank failures in South Dakota, Montana, Illinois. Kansas, Texas, Washington. New Hampshire, and correspondingly large numbers of business suspensions. WEEK ENDING AUG. 8, 1893. Collapse of Chicago provision deal and many failures of commission houses. Failure of National Bank of El Paso, Texas. Failure of National Bank, of San Antonio. Texas. Failure of National Bank of Muncie, Ind. Fifty-third Congress meets in special session to begin its destruction of the McKinley law. WEEK ENDING AUG. 28, 1893. Encounter between anarchists and soclalists averted by New York police. Meeting of anarchists broken up by New York police. Failure of National Bank of Hindman, Pa. Failure of National Bank of Tacoma, Wash. Suspension of manufacturing establishments in numerous states. Announcement by the comptroller of the currency that 155 national banks and 560 private banks had failed during the year ending Aug. 28. Railroad receivers appointed during August for Northern Pacific, Philadelphia and Reading, New England and Pittsburg, Akron and Western railways. SEPTEMBER. Railroad receivers appointed for Wisconsin Central. Chicago, Peoria and St. Louis, Cleveland, Canton and Southern and Evansville and Terre Haute Railroads. The mileage of roads placed in the hands of receivers during the year 1893 was 25,375, nearly one-seventh of all the lines in the United States, and their indebtedness $1,212,217,033. During the year there were 16,115 mercantile suspensions, involving liabilities amounting to $346,779,889. During the bank suspensions of July loans were made on call at the New York Stock Exchange as high as 72 per cent. The number of minor business failures owing to bank suspensions and to inability to make collections has not been tabulated, but reaches into the hundreds. SIXTY DAYS UNDER THE DINGLEY LAW. WEEK ENDING JULY 24, 1897. From Bradstreet's Financial Journal: Twenty thousand workmen resume work in the iron and steel industries.

3. October 2, 1897 The Providence News Providence, RI
Article from The Providence News, October 2, 1897

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Washington, D.C., Oct. 2.-The reports of business improvement and activity in masufacturing and commercial lines which have come to the front since the enactment of the Dingley law has suggested to somebody with a good memory a comparison of present conditions with those ot the corresponding dates in the first year of the Cleveland administration. It is a curious fact that the enactment of the Wilson law came at just about a corresponding period with the meeting of the free-trade Congress in the first year of Ceveland's second term, [and that it is therefore possible to contrast business conditions under the shadow of approaching free trade with the business condition in the sunshine of returning protection. This comparison is startling. This period covered in the comparison of the two months since the final action upon the Dingley bill compared with the corresponding two months in the Cleveland term. or from July 24 to Seteraber 24, 1893, contrasted with July 24 to Setember 24, 1897. Here is the contrast; it is well worth laying for reference: Week ending July 24, 1893-Failure of Bozeman. Montana, national bank. Four Denver banks closed their doors. Bank suspensions in other Western cities. Two bank failures in Milwaukee, and runs on numerous other banks. Commercial Bank of Denver fails; capital, $250,000. Bank failures At Vernon, Tex., and Knoxville, Tenn.; capital. $200,000. Failure of Tacoma (Wash.) National Bank; capital, $200,000; also failures of banks at Great Falls. Mont., and Orladno, Fla. ; capital, $200,000. Suspension of work in manufactories reported from all sections. Week ending August 1, 1893,-National banks at Manchester, N.H., and Indianapolis, Ind fail; capital $500,000. Failure of First National Bank at Spokane, Wash. ; capital, 2500,000. Ten banks sus pended in one dav (July 27) capital, $2,000,000. Bank failures in South Dakota. Montana, Illinois, Kansas, Texas, Washington, New Hampshire, and correspendingly large number of business suspensions. Week ending August 8, 1893-Collapse of Chicago provision deal and many failures of commision houses. Failure of National Bank of El Paso, Texas. Failure of National Bank of San Antono, Texas. Failure of National Bank of Mounce, Ind. LIIId Congress meets in special session to begin its destruction of the McKinley law. Week ending August 28, 1893-Encounter between the Anarchists and Soeialists averted by New York police. Failure of National Bank at Hindman, Pa. Failure of National Bank at Tacoma, Wash. Suspension of manufacturing establishments in numerous states. Announcement by controller of the currency that 155 national banks and 560 private banks had failed during the year ending August 28. Railroad receivers appointed during August for Northern Pacific, Pt itadelphia & Reading, New England and Pittsburg, Akron & Western. September-Railroad receivers appointed for Wisconsin Central. Chicogo, Peoria & St. Louis, Cleveland, Canton & Southern. Evansville & Terre Haute railroads. The mileage of roads placed in the hands of receivers during the year 1893 was 25,375, nearly one-seventh of all the lines in the United States, and their indebtedness $1,212,217,033. During the year there were 16,115 mercantile suspensions, involving liabilities amounting to $346 779,889. During the bank suspensions of July loans were made on call at the New York Stock Exchange as high as 72 per cent. The following statements of revival of manufacturing industries during the sixty days following the enactment of the Dingley law. the period corresponding with the similar dates in the first year of Cleveland's second term, show the contrast between present conditions and those of the corresponding months of the preceding adminisration. The statements which follow are from "Brad street's:' Week ending July 24, 1897-Twenty thousand workmen resumed work in iron and steel industries. Bigelow Carpet Company, at Clinton, Mass. resumes

4. October 7, 1897 Eagle River Review Eagle River, WI
Article from Eagle River Review, October 7, 1897

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IS INVESTE D. dential administration and also proximity to tariff legislation. Week ending July 24, 1893.-Failure of Bozeman, Mont., National Bank. Four Denver banks closed their doors. Bank suspensions in other Western cities. Two bank failures in Milwaukee and runs on inmerous other banks. Commercial Bank of Denver fails, capital $250,000. Bank failures at Vernon, Tex., and Knoxfille. Tenn., capital $200,000. Failure of Tacoma. Wash., National Bank, capital $200,000: also failures of banks at Great FAR Falls, Mont., and Orlando, Fla., capital $200,000. Suspension of work in manufactories reported from all sections. Week ending Aug. 1, 1893.-National banks at Manchester, N. H., and Indianipolis, Ind., fail, capital $500,000. Failare of First National Bank at Spokane, Wash.. capital $250,000. Ten banks susend in one day (July 27), capital $2,00,000. Bank failures in South Dakota, Iontana, Illinois, Kansas, Texas, Washngton, New Hampshire, and correspondngly large number of business suspenions. Week ending Aug. 8, 1893.-Collapse of Chicago Provision Deal and many failAND TRADL ires of commission houses. Failure of is National Bank of El Paso, Tex. Failure National Bank of San Antonio, Tex. ailure of National Bank of Muncie, Ind. fifty-third Congress meets in special seston to begin its destruction of the McKinley law. Week ending Aug. 28, 1893.-Encounter tween the anarchists and socialists verted by New York police. Meeting of marchists broken up by New York poGC. Failure of national bank at Hindan. Pa. Failure of national bank at acoma. Wash. Suspension of manufactring establishments in numerous States. nnouncement by Comptroller of the Cureney that 155 national banks and 560 er's financial condit tivate banks had failed during the year improved. During t ding Aug. 28. Railroad receivers aphe practiced such ec inted during August for Northern Paslight improvement fic. Philadelphia and Reading, New last fall and fair valu agland, and Pittsburg, Akron and WestII. and hogs, the thrift reduced his debts. September.-Railroad receivers appointfor Wisconsin Central, Chicago, Pethis fall, he is inde and St. Louis, Cleveland, Canton and mortgage. The fall outhern, and Evansville and Terre is as remarkable as ante railroads. The mileage of roads of the rising tide."need in the hands of receivers during the turist. ear 1893 was 25,375, nearly one-seventh all the lines in the United States, and Brief Politica eir indebtedness $1,212,217,033. DurIs there a "famir the year there were 16,115 mercantile spensions, involving liabilities amountThere has been an to $346,779,889. During the bank thirty per cent. in spensions of July, loans were made on article since the fra at the N.Y. Stock Exchange as high ley law. 72 per cent. Those dreary and xty Days of McKinley-Dingleyism. ments showing the The following statements of revival of of business failures inufacturing industries during the sixty following the enactment of the Dingtry during the four law, the period corresponding with the land administration ailar dates in the first year of Clevepearing. The busin d's second term. show the contrast bethe second week of t een present conditions and those of the ber were only 169, responding months of the preceding adcorresponding week histration. The statements which foland they range in tl are from Bradstreet's Financial Jourthe corresponding W Week ending July 24, 1897.-Twenty the Cleveland term. usand workmen resume work in the The contrast betv and steel industries. Bigelow Carplus since the ne Co., at Clinton, Mass., resume work, came in and that du hands. Packer Colliery at Rappahanadministration is ve k, Pa., resumes work, 1,000 hands. Cleveland was com lumbus, 0., Buggy Co., resumes, 400 C., B. & Q. Co. reports full comdreds of millions of ment 2s of hands at work in its railroad bonds to keep up th the Treasury Depart ooga for Trades first time in several years. Chat-

5. October 7, 1897 Crawford Avalanche Grayling, MI
Article from Crawford Avalanche, October 7, 1897

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OF SOME RESULTS CAPITAL LABOR IS EMPLOYED. AP dential administration and also proximity to tariff legislation. Week ending July 24, 1893.-Failure of Bozeman, Mont., National Bank. Four Denver banks closed their doors. Bank suspensions in other Western cities. Two bank failures in Milwaukee and runs on numerous other banks. Commercial Bank of Denver fails, capital $250,000. Bank failures at Vernon, Tex., and Knoxville, Tenn., capital $200,000. Failure of Tacoma, Wash., National Bank, capital $200,000; also failures of banks at Great FAR Falls, Mont., and*Orlando, Fla., capital $200,000. Suspension of work in manufactories reported from all sections. Week ending Aug. 1, 1893.-National banks at Manchester, N. H., and Indianapolis, Ind., fail, capital $500,000. Failure of First National Bank at Spokane, Wash., capital $250,000. Ten banks suspend in one day (July 27), capital $2,000,000. Bank failures in South Dakota, Montana, Illinois, Kansas, Texas, Washington, New Hampshire, and correspondingly large number of business suspensions. Week ending Aug. 8, 1893.-Collapse of Chicago Provision Deal and many failAND TRADIS ures of commission houses. Failure of National Bank of El Paso, Tex. Failure of National Bank of San Antonio, Tex. Failure of National Bank of Muncie, Ind. Fifty-third Congress meets in special session to begin its destruction of the McKinley law. Week ending Aug. 28, 1893.-Encounter between the anarchists and socialists averted by New York police. Meeting of anarchists broken up by New York police. Failure of national bank at Hindman, Pa. Failure of national bank at Tacoma, Wash. Suspension of manufacturing establishments in numerous States. Announcement by Comptroller of the Cured at 30,000,000 bushe rency that 155 national banks and 560 had sold this quantity private banks had failed during the year ending Aug. 28. Railroad receivers ap19, 1896, at the top tember delivery, they pointed during August for Northern Pacific, Philadelphia and Reading, New $16,575,000 in gold or which they could hav England, and Pittsburg, Akron and Western. time, 24,862,500 ounc same crop sold on Au September.-Railroad receivers appointtop price for Septemb ed for Wisconsin Central, Chicago, Pehave brought $26,962, oria and St. Louis, Cleveland, Canton and equivalent, which wou Southern, and Evansville and Terre 50,786,000 ounces of Haute railroads. The mileage of roads facts as these before t placed in the hands of receivers during the farmers will not be fo year 1893 was 25,375, nearly one-seventh Bryan. of all the lines in the United States, and their indebtedness $1,212,217,033. DurWonderfully ing the year there were 16,115 mercantile "While the newspa suspensions, involving liabilities amountbeen somewhat exag ing to $346,779,889. During the bank absolute fact that th suspensions of July, loans were made on er's financial conditio call at the N. Y. Stock Exchange as high as 72 per cent. improved. During th he practiced such eco Sixty Days of McKinley-Dingleyism. The following statements of revival of slight improvement last fall and fair value manufacturing industries during the sixty days following the enactment of the Dingand hogs, the thrifty ley law, the period corresponding with the reduced his debts. similar dates in the first year of Clevethis fall, he is indee land's second term, show the contrast bemortgage. The fall in tween present conditions and those of the is as remarkable as t corresponding months of the preceding adof the rising tide."-A ministration. The statements which folturist. low are from Bradstreet's Financial JourBrief Political nal: Week ending July 24, 1897.-Twenty Is there a "famine thousand workmen resume work in the There has been an iron and steel industries. Bigelow Carthirty per cent. in t pet Co., at Clinton, Mass., resume work, 900 hands. Packer Colliery at Rappahanarticle since the fram nock, Pa., resumes work, 1,000 hands. ley law. Columbus, O., Buggy Co., resumes, 400 Those dreary and men. C., B. & Q. Co. reports full comments showing the e plement of hands at work in its railroad of business failures a shops for first time in several years. Chattanooga Tradesmen announces large numtry during the four ye ber of iron furnaces in South resuming land administration a work. McKenna Steel Works, Joliet, pearing. The busines Ill., resume, 400 hands. Spinners at silk the second week of the mill, Paterson, N. J., receive increase in ber were only 169, W wages from 5 to 20 per cent. Pittsburg corresponding week o Plate Glass Co., Kokomo, Ind., resumes, and they range in tha 800 hands. Jones & Laughlin Iron the corresponding wee Works, Pittsburg, resume, 3,500 hands. Maine Central Railroad increases wages the Cleveland term. of employes. The contrast betwe Week ending July 31, 1897.-Tod furplus since the new naces, Youngstown, O., resume work. came in and that duri Numbers of manufacturing concerns in administration is very Connecticut and Pennsylvania resume Cleveland was compe work. Furnaces at Birmingham and Besdreds of millions of semer, Ala., resume work. Algonquin woolen mills, Passaic, N. J., increase bonds to keep up the wages 10 to 15 per cent. Atchison Railthe Treasury Departm way Co. announces inability to supply fied the Subtreasurer ( new cars to meet demands of shippers. It has all the gold It n Week ending Aug. 7, 1897. Ensign Car need not make any ef Manufacturing Co., Huntington, W. Va.,

6. October 9, 1897 Custer Weekly Chronicle Custer, SD
Article from Custer Weekly Chronicle, October 9, 1897

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SOME RESULTS OF PROTECTION. CAPITAL LABOR IS EMPLOYED. IS INVESTED dential administration and also proxmity to tariff legislation. Week ending July 24, 1893. Failure of Bozeman, Mont., National Bank Four Denver banks closed their doors. Bank suspensions in other Western cities. Two bank failures in Milwaukee and runs on numerous other banks Commercial Bank of Denver fails, capital $250,000. Bank failures at Vernon. Tex., and Knoxville, Tenn. capital $200,000. Failure of Tacoma. Wash.. National Bank. capital $200,000: also failures of banks nt Great FAR Falls. Mont., and Orlando, Fla., capital $200,000. Suspension of work in manulactories reported from all sections. Week ending Aug. 1. 1893. National banks at Manchester, N. H., and Indianapolis, Ind., fail. capital $500,000. Failire of First National Bank at Spokane, Wash.. capital $250,000. Ten banks susbend in one day (July 27). capital $2, 000,000. Bank failures in South Dakota, Montana. Illinois, Kansas, Texas, Washngton. New Hampshire, and correspondngly large number of business suspensions. Week ending Aug. S. 1893.-Collapse of Chicago Provision Deal and many failAND TRAD. ires of commission houses. Failure of is National Bank of El Paso, Tex. Failure if National Bank of San Antonio, Tex. Failure of National Bank of Muncie. Ind. Fifty-third Congress meets in special ses: sion to begin its destruction of the MeKinley law. Week ending Aug. 28. 1893.-Encounter petween rimo man. Pa. Failure of national bank at Tacoma, Wash. Suspension of manufacturing establishments in numerous States. Announcement by Comptroller of the Currency that 155 national banks and 560 ican people have le private banks had failed during the year value of our home ma ending Aug. 28. Railroad receivers apup again to foreigners pointed during August for Northern Paific. Philadelphia and Reading. New Wonderfully England, and Pittsburg, Akron and West"While the news rn. been somewhat exa September.-Bailroad receivers appoint absolute fact that t ed for Wisconsin Central. Chicago, Peer's financial condit oria and St. Louis. Cleveland. Canton and improved. During Southern, and Evansville and Terre he practiced such ec Iaute railroads. The mileage of roads slight improvement blaced in the hands of receivers during the last fall and fair valu rear 1893 was 25,375. nearly one-seventh if all the lines in the United States, and and hogs, the thrifty their indebtedness $1,212,217,033. Durreduced his debts. ng the year there were 16.115 mercantile this fall, he is Inde auspensions, involving liabilities amountmortgage. The fall ng to $346,779,889. During the bank is as remarkable as suspensions of July, loans were made on of the rising tide."call at the N. Y. Stock Exchange as high turist. IS 72 per cent. Sixty Days of McKinley-Dingleyism. Brief Politica The following statements of revival of And now cotton nanufacturing industries during the sixty procession of the fa days following the enactment of the Dingare advancing In pl ey law. the period corresponding with the pretty hard to find a similar dates in the first year of Cleveproduction which land's second term, show the contrast beduring the time the tween present conditions and those of the corresponding months of the preceding adfalling and the Ding ministration. The statements which foloperation. low are from Bradstreet's Financial JourThose dreary and nal: ments showing the Week ending July 24. 1897.-Twenty of business failures thousand workmen resume work in the from and steel industries. Bigelow Cartry during the four net Co., at Clinton, Mass., resume work. land administration 000 hands. Packer Colliery at Rappahanpearing. The busin nock. Pa., resumes work, 1,000 hands. the second week of Columbus, O., Buggy Co., resumes, 400 ber were only 169. men. C., B. & Q. Co. reports full comcorresponding week plement of hands at work in its railroad and they range in shops for first time in several years. Chattanooga Tradesmen announces large numthe corresponding W her of iron furnaces in South resuming the Cleveland term. work. McKenna Steel Works, Joliet, A Cont III.. resume, 400 hands. Spinners at silk mill. Paterson, N.J., receive increase in wages from 5 to 20 per cent. Pittsburg Plate Glass Co., Kokomo, Ind., resumes, 800 hands. Jones Laughlin Iron Maine Central Railroad increases wages of employes. Week ending July 31, 1897.--Tod furhaces, Youngstown, O., resume work. Numbers of manufacturing concerns in Connecticut and Pennsylvania resume work. Furnaces at Birmingham and Bessemer, Ala., resume work. Algonquin is woolen mills. Passaie, N. J., increase wages 10 to 15 per cent. Atchison Railway Co. announces inability to supply new cars to meet demands of shippers. Week ending Aug. 7, 1897.-Ensign Car Manufacturing Co., Huntington, W. Va., resumes work. Cleveland, O., rolling mills resume, 2,000 hands. Sugar producers of Louisiana advance wages 16 per cent. Cotton mills at Laneaster, Pa., resume, 1,000 hands. American Watch Co., Waltham, Mass., resumes in all depart189 ments. Iron works at Mahoning and Lebanon, Ohio, and Birmingham, Ala., resume. Week ending Aug. 28. 1897.--Fal! River Iron Works resume on full time, 2,700 hands. Fall River Printing Co. resumes on full time. Columbus, Hocking Valley FREE R. R. shops increase from half time to 10-hour schedule. Illinois Steel Co. announces resumption of work. National Tube Works at McKeesport, Pa., announce increase of wages. Union Iron and Steel Co., Youngstown, O., resume work after a long shut-down. Pennsylvania Railroad shops at Altoona increase schedule to ten hours. Washington, Pa., Steel and Tin Plate Co. doubles working eapacity. Birmingham, Ala., Railroad shops extend schedule to ten hours. Lawrence, Mass., Hosiery Mill resumes, 2,000 hands. Car works at Michigan City, Ind., increase schedule to twelve hours, with two years' work engaged, 1,500 hands. Week ending Sept. 18, 1897.-Cordage mills at Isaia, O., purchased for $500,000, to be reopened at once after several years of idiences. East Lake Woolen Mills, 1896

7. October 11, 1897 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, October 11, 1897

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yond the shadow of a doubt that McKinley tariff law had something to do with the inauguration of the great financial panic beginning in 1893. The fact that the Chicago Times-Herald is the staunchest advocate of a high protective tariff, and the added fact that the relations between its editor, Mr. Kohlsaat, and President McKinley are such that the Times-Herald is looked upon as the president's personal organ, makes this showing all the more unexpected and remarkable. The mere fact that the was mixed in its dates, charging the Wilson law with being the cause of things that transpired before the Wilson law was introduced in congress. does not break the force of that organ's arraignment of the McKinley law. The Times-Herald has apologized for its blunder. but the awful record of business failure and industrial depression under the McKinley law still stands. B Jepun '17 IO enss) S11 us Washington date line, the Times-Herald undertook to prove that the Dingley law is productive of prosperity The matter occupies a four column square on the first page, under a flaring head line, and contrasts two periods. One period covers the time from July 24 to September 24, 1893; the other a similar time in 1897. The two periods are printed in parallel columns. That of 1897 is under the sub-heading of "Sixty Days Under the Dingley Law. -qns Jepun SI 3683 JO that heading, 'Sixty Days Under the Wilson Law The latter is here reproDays Under the Wilson MET Week Ending July 24. 1893.-Failure of Bozeman (Mont.) National bank. Four Denver banks closed their doors Bank suspensions in other western cities. Two other bank failures in Milwaukee and runs on numerous other banks. Commercial bank of Denver fails, capital $250,000. Bank failures at Vernon. Tex. and Knoxville, Tenn. capital $200,000. Failure of Tacoma (Wash.) National bank, capital $200,000. Failures of banks at Great Falls. Mont. and Orlanda, Fla., capital $200,000. Suspension of work in manufactories reported from all sections. Week Ending Aug. 1. 1893.-National -UI pue "H N 18 dianapolis, Ind., fail, capital $500,000 Failure of First National bank at Spokane, Wash., capital $250,000. Ten banks suspend in one day (July 27), capital $2,000,000. Bank failures in South Dakota, Montana, Illinois, Kansas, Texas, Washington. New Hampshire and correspondingly large number of business suspensions. Week Ending Aug. 8. 1893.-Collapse of Chicago provision deal and many failures of commission houses. Failure of National bank of El Paso, Tex. Failure of National bank of San Antonio, Tex. Failure of National bank of Muncie, Ind. Fifty-third congress meets in special session to begin Its destruction of the McKinley law. Week Ending Aug. 28. 1893. -Encounter between anarchists and socialists averted by New York police. Meeting MIOX MAN sq dn broken JO police. Failure of national bank of Hindman. Pa. Failure of national bank of Tacoma, Wash. Suspension of manufacturing establishments in numerous states Announcement by the comptroller of the currency that 155 national banks and 560 private banks had falled during the year ending Aug 28 Railroad receivers appointed during August for Northern Pacific, Philadelphia & Reading. New England & Pittsburg, Akron & Western railways September.-Rallroad receivers ap pointed for Wisconsin Central, Chicago, Peoria & St. Louis, Cleveland. Canton & Southern and Evansville & Terre Haute. The mileage of roads placed in the hands of receivers during the year He TO seventh euo '948'97 SBM 2681 the lines in the United States, and their indebtedness 212,217 033. During the year there were 16,115 mercantile suspensions, involving liabilities amount ing to $346,779,889. During the bank suspensions of July loans were made on call at the New York Stock Exchange TO requinu ene ask 21 SE SB minor business failures owing to bank suspensions and to inability to make collections has not been tabulated, but reaches into the hundreds. This is a bad record for the tariff law under which all these calamities occurred. but. unfortunately for the Times-Herald, the Wilson law was not then in operation. In fact, at that time the Wilson law had not been introduced in congress. The congress which passed the Wilson law met in Decem ber, 1893-two months after the ending of the period set forth in the TimesHerald. The Wilson law passed the house on Feb. 1. 1894 four months after the ending of the period set forth by the Times Herald. It passed the sen1994 E Ainr uo u! air nine months after the ending of the period set forth by the Times Herald. After repeated conferences and disagreements the house adopted the sen ate bill entire on Aug. 13, 1894-ten months and 13 days after the expira tion of the period set forth by the Times-Herald. The Wilson law went into effect just 11 months after the ending of the period set forth by the Times Herald. Briefly, every business failure attributed by the Chicago Times-Herald in the above ex S tract to the Wilson law took place un der the McKinley law before the Wilson bill had been introduced in con. gress. In Its efforts to prove that the 941 JOJ SEM ME WITHON business depression in 1893 the Times Herald succeeeds only in proving that the McKinley law was responsible. A correspondent of the Chicago protection organ was quick to discover the hole which engulfed it, and wrote as follows: Editor of the Times-Herald: Did you not make a blunder in your supposedly 4 deadly parallel on Monday morning when you contrasted the workings of S the Wilson and the Dingley acts ano the business failures under them? The period dating from July 24 to Septem ber, 1833, which you say was "sixty days under the Wilson law." was more than 2. year before the Wilson law went into operation, and some months in 01 persented SEM 11 before house. The McKinley law was then in full force. Ought you not as a fair an & great newspaper to retract this mis statement? B. A. M'CONNELL The Times-Herald admitted that a made a grave mistake by publishing one

8. October 14, 1897 The Laramie Republican Laramie, WY
Article from The Laramie Republican, October 14, 1897

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JUST FOR COMPARISON. SOMETHING IN RELATION TO THE CONDITIONS WHICH EXISTED IN 1892. And Then Look Upon the Fair Picture Presented in 1897-Then the Banks Were Failing and Everything Was Tumbling-Now Everything is on the Mend and Mills Are Opening. Washington, D. C., Oct. 11.-(Special Correspondence.)-The reports of business improvement and activity in manu. facturing and commercial lines which have come to the front since the enact. ment of the Dingley law has suggested to somebody with a good memory a comparison of present conditions with those of the corresponding dates in the first year of the Cleveland administration. It is a curious fact that the enactment of the Wilson law came at just about a corresponding period with the meeting of the free-trade congress in the first year of Cleveland's second term, and that it is therefore possible to contrast business conditions under the shadow of approaching free trade with the busid ness conditions in the sunshine of re1 turning protection. This comparison is e startling. The period covered in the comparison is the two months since the final action upon the Dingley bill compared with the corresponding two it months in the Cleveland term, or from July 24 to September 24, 1893, contrasted with July 24 to September 24, 1897. Here is the contrast; it is well worth e laying aside for reference: Week ending July 24, 1893-Failure of e Bozeman, Montana, national bank. Four Denver banks closed their doors. Bank a suspensions in other western cities. Two e banks failed in Milwaukee, and runs.on d numerous other banks. Commercial bank of Denver falls; capital $250,000. h Bank failures at Vernon, Tex., and Knoxville, Tenn., capital, $200,000. Faily ure of Takoma, Wash., National bank; capital, $200,0000; also failure of banks d at Great Falls, Mont., and Orlando, Fla.; capital, $200,000. Suspension of work in y S manufactories reported from all seca tions. Week ending August 1, 1893-National banks at Manchester, N. H., and g Indianapolis, Ind., fail; capital $500,000. e Failure of First National bank at Spo. kane, Wash.,; capital $250,000. Ten 0 banks suspended in one day (July 27); n capital $2,000,000. Bank failures in South Dakota, Montana, Illinois, Kand sas, Texas, Washington, New Hampat shire, and correspondingly large num9 bers of business suspensions. 6 Week ending August 8, 1893-Collapse r of Chicago provision deal, and many failures of commercial houses. Failure at of national bank of El Paso, Texas. FailS ure of national bank of San Antonio, 1 Texas. Failure of national bank of it Muncie, Ind. Fifty-third congress meets 1 in special session to begin its destruction d of the McKinley law. d Week ending August 28, 1893-Ener counter between the anarchists and 80y clalists averted by New York police; * meeting of New York anarchists broken d up by New York police. Failure of na. tional bank at Hindman, Pa. Failure of Ф national bank at Tacoma, Wash. SusR pension of manufacturing establishments in numerous states. Announcement by 8 6 comptroller of currency that 155 national banks and 560 private banks had falled d during the year ending August 28. Railat road receivers appointed during August for Northern Pacific, Philadelphia and s Reading, New England, and Pittsburg, Akron and Western. is September-Railroad receivers ap0 pointed for Wisconsin Central, Chicago, 0 Peoria and St. Louis, Cleveland, Canton e and Southern, and Evansville and Terre Haute railroads. The mileage of roads 19 placed in the hands of receivers during g the year 1893 was 25,375, nearly oneseventh of all the lines in the United a States, and their indebtedness, $1,212,10 217,033. During the year there were 16,115 mercantile suspenions, Involve ing liabilities amounting to $346,779,889. 8 During the bank suspensions of July loans were made on call at the New York stock exchange as high as 72 per cent.

9. October 15, 1897 Hot Springs Weekly Star Hot Springs, SD
Article from Hot Springs Weekly Star, October 15, 1897

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LABOR IS EMPLOYED. CAPITAL IS/INVESTED lential administration and also proximity to tariff legislation. Week ending July 24, 1893.-Failure of Bozeman, Mont., National Bank. Four Denver banks closed their doors. Bank suspensions in other Western cities. Two bank failures in Milwankee and runs on numerous other banks. Commercial Bank of Denver fails, capital $250,000. Bank failures at Vernon, Tex., and Knoxrille, Tenn., capital $200,000. Failure of Tacoma, Wash., National Bank, capital $200,000; also failures of banks at Great Falls, Mont., and Orlando, Fla., capital $200,000. Suspension of work in manuactories reported from all sections. Week ending Aug. 1, 1893.-National anks at Manchester, N. H., and Indianapolis, Ind., fail, capital $500,000. Failof First National Bank at Spokane, Wash., capital $250,000. Ten banks susend in one day (July 27), capital $2,00,000. Bank failures in South Dakota, Montana, Illinois, Kansas, Texas, Washngton, New Hampshire, and correspondngly large number of business suspenions. Week ending Aug. 8, 1893.-Collapse of Chicago Provision Deal and many fail1 AND ires of commission houses. Failure of National Bank of El Paso, Tex. Failure National Bank of San Antonio, Tex. Failure of National Bank of Muncie, Ind. Fifty-third Congress meets in special sesion to begin its destruction of the McKinley law. Week ending Aug. 28, 1893.-Encounter etween the anarchists and socialists verted by New York police. Meeting of marchists broken up by New York poice. Failure of national bank at HindPa. Failure of national bank at l'acoma, Wash. Suspension of manufacuring establishments in numerous States. Announcement by Comptroller of the Curency that 155 national banks and 560 er's financial rivate banks had failed during the year I ending Aug. 28. Railroad receivers aphe practiced pointed during August for Northern PaPhiladelphia and Reading, New slight impro England, and Pittsburg, Akron and Westlast fall and 1 and hogs, the September.-Railroad receivers appointreduced his for Wisconsin Central, Chicago, Pethis fall, he and St. Louis. Cleveland, Canton and L Southern, and Evansville and Terre is as remark Haute railroads. The mileage of roads of the rising laced in the hands of receivers during the turist. ear 1S93 was 25,375, nearly one-seventh all the lines in the United States, and Brief heir indebtedness $1,212,217,033. DurIs there a the year there were 16,115 mercantile There has 1 suspensions, involving liabilities amountto $346,779,889. During the bank thirty per c suspensions of July, loans were made on article since at the N. Y. Stock Exchange as high ley law. 72 per cent. Those drea Sixty Days of McKinley-Dingleyism. ments show The following statements of revival of of business : manufacturing industries during the sixty days following the enactment of the Dingtry during tl ley law, the period corresponding with the land adminis similar dates in the first year of Clevepearing. Th land's second term, show the contrast bethe second W tween present conditions and those of the ber were on corresponding months of the preceding adcorrespondin ministration. The statements which foland they ras low are from Bradstreet's Financial Journal: the correspo Week ending July 24, 1897.-Twenty the Clevelan thousand workmen resume work in the The contra iron and steel industries. Bigelow Carplus since pet Co., at Clinton, Mass., resume work, came in and 000 hands. Packer Colliery at Rappahanadministrati nock, Pa., resumes work, 1,000 hands. Columbus, O., Buggy Co., resumes, 400 Cieveland W men. C., B. & Q. Co. reports full comdreds of mil plement of hands at work in its railroad bonds to ke shops for first time in several years. Chatthe Treasury tanooga Tradesmen announces large numfied the Subt ber of iron furnaces in South resuming it has all the work. McKenna Steel Works, Joliet,

10. October 21, 1897 The Islander Friday Harbor, WA
Article from The Islander, October 21, 1897

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SOME COMPARISONS OFFICIAL REPORTS SHOW THE DIFFERENCE IN THE TIMES. Under the First 60 Days of the Cleve. land-Wilson Low Tariff the Country Was in a Panic-Under the McKinleyDingley Tariff the Country Confident. E. F. PARSONS, Special Correspondent. Washington, D. C.-The close of the first sixty days of the operations of the new tariff law and the business improvements which are visible in every direction during that time have suggested a comparison of the conditions during the two months in question with those of the corresponding date in the first year of the Cleveland administration, during which time the free trade congress, elected with President Cleveland, was just beginning its attack upon the protective system which the Dingley law sixty days ago re-established. The two periods from July 24 to September 24 in the years 1893 and 1897, respectively, present a marked contrast -Bod St 1! pus conditions business 01 SE sible to obtain from government records some data bearing upon this subject and now especially interesting. The following data gathered from official reports presents a picture of the sixty-day period of the year 1893 with which the two months just ended correspond both as to the portion of the year and the period of the presidential administration and also proximity to tariff legislation: Week ending July 24, 1893-Failure of Bozeman, Mont., National Bank; four Denver banks closed their doors; bank suspensions in other western cities; two bank failures in Milwankee and runs on numerous other banks; Commercial Bank of Denver fails, capital $250,000; bank failures at Vernon, Texas, and Knoxville, Tenn., capital $200,000; failure of Tacoma, Wash., National Bank, capital $200,000; also failures of banks at Great Falls, Mont., and Orlando, Fla., capital $200,000; suspension of work in manufactories reported from all sections. Week ending August 1,1893-Nation-uI pus "H N Manohester 18 queq 18 dianapolis, Ind., fail, epaital $500,000; failure of First National Bank at Spokane, Wash., capital $250,000; ten banks suspend in one day (July 27), capital $2,000,000; bank failures in South Dakota, Montana, Illinois, Kansas, Texas, Washington, New Hampshire, and correspondingly large number of business suspensions. Week ending August 8, 1893-Collapse of Chicago Provision Deal and many failures of commission houses; failure of National bank of El Paso, Texas; failure of National bank of San Antonio, Texas; failure of National bank of Muncie, Ind; fifty-third congress meets in special session to begin its destruction of the McKinley law. Week ending August 28, 1893-Encounter between the anarchists and socialists averted by New York police; meeting of anarchists broken up by New York police; failure of National bank at Hindman, Pa.; failure of National bank at Tacoma, Wash., suspension of manufacturing establishments in numerous states; announcement by comptroller of the currency that 155 National banks and 560 private banks had failed during the year tnding August 28; railroad receivers apppointed during August for Northern Pacific, Philadelphia & Reading, New England and Pittsburg, Akron & West"ure September-Railroad receivers