Article Text
On a Denver Bank. DENVER, May 25.-There has been a great run to-day on the People's Savings bank, but it appears to be sound.
1314. People's Savings Bank (Denver, CO)
Bank Information
- Episode Type
- Run → Suspension → Closure
- Bank Type
- state
- Start Date
- May 25, 1893
- Location
- Denver, Colorado (39.739, -104.985)
Metadata
- Model
- gpt-5-mini
- Short Digest
f9467848
Response Measures
Accommodated withdrawals, Full suspension
Description
May 25, 1893 run triggered by an 'idle rumor' that J. M. Berkey owed the bank. Bank later suspended/assigned July 17, 1893 amid the wider July panic and inability to realize securities; assignee was appointed and the bank abandoned resumption, paying an assignee's dividend (Jan 1894). Sequence: run → suspension/assignment → permanent closure (did not resume).
Events (4)
1.
May 25, 1893
Run
- Cause
- Rumor Or Misinformation
- Cause Details
- An 'idle report'/rumor circulated that J. M. Berkey, who recently failed, owed a large part of his debt to the People's Savings Bank; the rumor grew and many depositors withdrew funds ($175,000 paid out).
- Measures
- Bank opened an hour earlier and remained open an hour later; clearing house pledged support; Savings Bank Association to enforce withdrawal-notice clause limiting amounts over $25.
- Newspaper Excerpt
- There has been a great run to-day on the People's Savings bank, but it appears to be sound.
- Source
- newspapers
2.
July 17, 1893
Receivership
- Newspaper Excerpt
- Three savings banks closed their doors... assignments were preconcerted... officers declared depositors will be paid in full. Charles H. Blakeney was made assignee (others named assignees). The People's Savings Bank closed and assigned on July 17, 1893.' (reports July 17).
- Source
- newspapers
3.
July 17, 1893
Suspension
- Cause
- Macro News
- Cause Details
- Widespread financial panic/hard times and inability to realize on securities after July panic; promised eastern correspondent support was withdrawn (partly due to political/silver convention sentiment), exhausting available means and leading to assignment/closure.
- Newspaper Excerpt
- The People's Savings bank suspended to-day. Its eastern backers, in view of the sentiment of the people of Colorado ... declined to give it further financial assistance.
- Source
- newspapers
4.
January 2, 1894
Other
- Newspaper Excerpt
- The People's Savings bank has abandoned the attempt to resume, and will pay a dividend of 10 per cent. on $955,000 of proven claims next Tuesday.
- Source
- newspapers
Newspaper Articles (22)
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FINANCIAL DIFFICULTIES. A Run on a Savings Bank Started by an Idle Kumor. DENVER, May 24.-An idle report was started yesterday that J. M. Berkey, who recently failed for some $200,000, owed a great part of this amount to the People's Savings bank of this city. The rumor grew, and many depositors withdrew their money. This morning the bank opened for business an hour earlier and remained open an hour later than usual to give the depositors a chance to withdraw their money if they desired to. The individual amounts called for were email, but the aggregate paid out during the day was $175,000. The clearing house will support the bank in case any further run should be made upon it. The Savinge Bank association, in order to protect@themselves, will require the enforcement of the clause requiring the usual notice before withdrawing any deposit in excess of $25. ELMIRA, N. Y., May 4.-Mayor D. C. Robinson made an assignment. The Elmira National bank which closed doors yesterday ie a preferred creditor. The run on the Elmira Savings bank continued today. All same under $100 were paid on demand. Robinson's indebtedness to the Elmira National bank is $253,000. His preferences outside the bank aggregate $55,000. The assignment has created great excitement, and the county clerk's office is besieged by hundreds of people anx+ ious to see the document. NEW YORK, May 24.-Van Wagner & Williams company, wholesale dealers in hardware, have failed. Today they were attached for $13,000, and a receiver was appointed late this afternoon. He said a etaff of clerks was going over the books in order to obtain a statement of assets and liabilities. The company is capitalized under the laws of New Jersey for $150,000 and has property in this city, Brooklyn and Cleveland, Ohio. SIOUX CITY, Ia., May 24.-On petition of stockholders from Wichita, Kan., a receiver has been appointed for the Sioux Investment company. It has a capital of $200,000, and loaned money on farm lands. The petitioners say the company's assets are far greater than its liabilities, but that the manager is trying to close out the company to their dieadvantage. NEW YORK, May 24.-The Hanover National bank will honor drafts on the National Bank of Deposit of this city for the Adams County bank of Ritzville, Wash.
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Savings-Bank Run. (By telegraph to the Dispatch.) DENVER, COL., May 25.-A report was started Tuesday that J. M. Berkley, who recently failed for some $200,000. owed the greater part of the amount to the People's Savings Bank, of this city. The rumor grew and many depositors withdrew their deposits. Yesterday the back opened an hour earlier and remained open an hour later their usual to give the depositors & chance to withdraw their money If they desired to do so. The aggregate paid out during the day was $175,000. The clearing-house will support the bank in care a further run should be made. The Savings. Bank Association, in order to protest themselves, will require the enforcement of the clause calling for the usual notice before withdrawing any deposits in excess of 825.
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A BANK STANDS A RUN. Its Hours Lengthened to Give the Depositors More Time. Denver, May 25.-A report was started to-day that J. M. Berkey, who recently failed for some $200,000, owed the greater part of the amount to the People's Savings Bank of this city. The rumor grew and many depositors withdrew their deposits. Yesterday the bank opened an hour earlier and remained open an hour later to give depositors a chance to withdraw if desired. The aggregate paid out during the day was $175,000. The clearing house will support the bank in case a further run should be made. The savings bank association, in order to protect themselves, will require the enforcement of the clause calling for the usual notice before withdrawing any deposits in excess of $25.
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BUSINESS TROUBLES. DENVER. May 25-The run on the People's Savings bank was much less severe this morn*ing, and it was believed that by time to close this afternoon, it will be practically over. BOST ON, May 25.-Richardson & Deunie, dealers in hides, have failed. The firm was rated at $200,000, and it is believed that the liabilities will exceed $300,000. It is said that the failure may be traced to the sole leather combine. The following firms and individuals are involved in the failure: Phelps & Lombard, dealers in light leather: William S. Richardson, dealer in upper leather: John A. Lord, a currier of Salem. As soon as a statement.can be prepared, the creditors will be called together to take action.
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RUN ON A DENVER BANK CONTINUES. Denver, Col., May 25.-A report was started Tues. day that J. M. Berkey, who recently failed for some $200,000, owed the greater part of this amount to the People's Savings Bank, of this city. The rumor grew and many depositors withdrew their deposits. Yesterday morning the bank opened an hour earlier and remained open an hour later to give the depositors a chance to withdraw If they desired. The individual amounts called for were small, but the aggregate paid out during the day was $175,000. The clearing house will support the bank in case a further run should be made. Despite the rule on the thirty-day limit and the restriction that only $25 will be given any depositor, the run on the People's Savings Bank continues 10-day. There were people, however, on the curbstones who were willing to buy the bocks of depositors at a close discount. The best endeavor of the morning papers and assurances of men well known in the financial world of Denver seems to have little influence in staying the tide of uneasiness and timidity that prevails. Every call of depositors, however, is being promptly met. The Denver Savings Bank, on which a small run was made yesterday, shows a quietude to-day, there being no clamorous depositors around that institution.
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A Denver Bank Suspended. DENVEE, July 17.-The People's Savings bank suspended to-day. Its eastern backers, in view of the sentiment of the people of Colorado, as expressed in the resolutions and speeches at the recent Denver silver convention, declined to give it further financial assistance.
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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.
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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.
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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.
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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.
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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.
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a The Colorado Metropolis Experiences Severe Financial Blow. DENVER, €ol., July 17.-The first bank failure in Denver since 1874 occurred this when the People's Savthe Colorado ings morning, Bank, Savings Dime Bank and and the Rocky Mountain Dollar Savings Bank closed their doors. An estimate of the assets are $1,500,000 with liabilities at $1,350,000. The Colorado Savings Bank, of which F. K. Atkins is president and C. Atkins cashier, in their statement to the assignee, Frederick Butters, place the open accounts due depositors at $435,108.54; certificates of deposit, $50,699.36; due other banks, $3,236.95; 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 G. F. Clark cashier of the Rocky Mountain and Dollar Savings Bank, of Charles H. was made assignee. morning which Dime Blakeny A detailed this statement has not vet been made, but from the books of the institution it would appear that the assets are $156,803.53 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 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. President Lawrence, of the People's Savings Bank, in a statement this morning, said the savings bank up to six weeks had a most career, in $1,300,000 its depositors in paid having to ago deposit successful interest and $112,- had 482. The causeless run which started May 23 and really continued up to last when the entire available the bank were was left but to Saturday means nothing of night exhausted assign. their The and officers of the institution pledged estates to its support, but 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 that a thirty-day note for $100,000 or $1,000 signed by Colorado parties worth $4,000,000 to raise immediate money was not worth the paper it was written upon. 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 cancelled by telegraph and no alternative was left with notices amounting to nearly $500,000 for withdrawals of deposits maturing within the near future staring the banks in the the cash on hand paid down to make a full and the $223-but face protection and to benefit assignment of will all. in The for failure in the Savings Bank no way affect the People's National Bank which, with all other national banks, is perfectly sound, and there is no trouble outside the savings bank. Arunon the Denver Savings Bank is impending. The bank is taking advantage of the thirty and sixty days' notfication law and is paying out no amounts over $25. KANSAS CITY, Mo., July 17.-Despite assertions of strength and the publishing of a favorable statement Saturday, the Missouri National Bank was taken possession of by the comptroller of the currency shortly before noon to-day. The bank was immediately closed as tight as a clam and it was impossible to get a statement from the officers. The Missouri National is a new bank, having opened in January, 1891. It has a capital stock, paid in, of $250,000, and its surplus is $6,000. According to their statement Saturday issued in compliance with the request of the comptroller of currency, cash and sight exchange were placed at $271,024, and the deposits at $900,763. The officers are D. V. Rieger, president; Henry C. Kumpf, vice-president; R. D. Covington, cashier. The officers show the assets to be $1,154,785 and the liabilities, excepting capital stock about $700,000. During the run on the different national banks here Saturday, quite a run was precipitated upon the Missouri National, though the withdrawals were alone made by the small depositors. This morning, however, several large depositors withdrew their money, and the amounts, running well up into the thousands, made further continuance impossible. For a while slight confidence was restored by Ferd. Heim, a local brewer, deposition $32,000 in the concern, at this soon lost its effect for good. Aid had beenasked from the Third National Bank of New York and the assistance was on the On 1 the the annual per regular way. City July dividend of bank 3 paid cent. The official declared that depositors
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NEW BANK TROUBLES, Financial Institutions Unable to Bear the Pressure Longer. HELENA, Mont., Aug. 3.-H. A. Marlow has been named by the Comptroller as receiver for the Montana Ntaional Bank, which closed last week. It is believed the bank will pay all depositors in full. DENVER. Aug. 3.--F. W. Popple was yesterday appointed receiver for the Hamilton Loan and Trust Company of this city on the application of Samuel E. Belcher and others, the defendant consenting to the suit. The company was organized under the laws of Nebraska, and has done a large amount of business in that State. Colorado, and Kansas. MILWAUKE, Aug. 3.-Bank Examiner Lynch has finished his examination of the books of the Milwaukee National Bank of Wisconsin, and has forwarded his report to the Comptroller of the Currency. He says the bank is solvent. Mr. Lynch will remain in charge of the bank until it resumes or until it is put into the hands of a receiver for the winding up of its affairs. WASHINGTON, D. C., Aug. 3.-Comptroller Eckels to-day appointed Edward Hawkins of Indianapolis. ex-United States Marshal for Indiana. receiver of the Indianapolis National Bank. which closed its doors to business on July 25. Comptroller Eckels has directed Bank Examiner Carskadon to take charge of the failed First National Bank of Birmingham. Ala. Examiner Rushing. of the failed El Paso, Tex., National Bank. and Examiner Thom of the failed Wamaca. Wis., County National Bank. DENVER. Aug. 3.-William Coleman. a depositor in the suspended People's Savings Bank. has begun suit against the bank. its officers. shareholders. and directors to recover $2,000. which he had on deposit. He also asks for an execution against the bodies of the defendnnts. and that they be placed in jail until judgment shall be obtained and satisfied. Charges of fraud and conspiracy are made against the bank authorities. President Lawrence of the suspended bank is now in New York endeavoring to raise money with which to reopen the institution. STEVENS POINT. Wis., Aug. 3.-After standing an almost continuous run since June 25, during which more than $120.000 was paid out to depositors and certificate holders, the Commercial Bank of Stevens Point closed its doors this morning. The assets are more than $200,000 and the liabilities are less than $100,000. ANTHONY. Kan., Aug. 3.-The Savings Bank of Anthony failed vesterday. The County Treasurer had $14,875 on deposit. LINCOLN. Neb., Aug. 3.-Receiver Hayden of the Capital National Bank has given verbal notice to State Treasurer Bartley that the claims of the State for the amount of its de-
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brighter. A DEPOSITOR Sues the Suspended People's Savings Bank of Denver to Recover His Deposit. DENVER, Aug. 4.-William Coleman, a depositor in the suspended People's Savings bank, has begun suit against the bank, its officers, shareholders and directors to recover $2,000 which he had on deposit in the institution. He also asks for an execution against the bodies of the defendants and that they be placed in jail until judgment shall be obtained and satisfied. Charges of fraud and conspiracy are made against the bank authorities. President Lawrence, of the suspended bank, is now in New York endeavoring to raise money with which to re-open the institution.
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bottom, while the upper works are reduced to almost kindling wood. A large portion of the botler cannot be found. The theory is now advanced that the explosion was caused by dynamite placed in a piece of wood by some person having spite against the company. Examination of the steel boiler since the explosion shows it to be in first-class condition. and not more than one hundred and ten pounds of steam was being carried at the time -Eagle Pass. Tex., dispatch: A startling report comes from Monclova of a fight between two factions in Coahuila. The news as received here is that Cardenas' men, seeing a party of Galan men approaching near Madadores. twentyfive, miles from Monelova, took a position in a canyon commanding four sides of a hollow square. The Galan men fell into the trap and were exposed to a deadly fire from the hidden fees on every side. They at last hoisted a white flag and surrendere 1. About thirty of Cardenas, men were killed, while their opponents lost fifty killed and wounded If this report is corroborated it is the most sanguinary battle which has yet taken place between the two factions. -Upon his third trial for the murder of Policeman Grant. at San Francisco. Maurice B. Curtis. "Sam'l of Posen," was acquitted Friday. -Louis Norton. of New Haven. Conn. was taken from the raging surf at Atlantic City. N. J. and tells a marvelous story. He says that Tuesday he left New Haven in a catboat: that while in Long Island Sound two men from a schooner jumped aboard his vessel. knocked him senseless, and when he recovered he found himself in the hold of the schooner. He says he escaped from the schooner in 11. small boat, but was overtaken by Wednesday night's atorm and his boat wrecked. He clung to the broken boat and drifted about the sea until he was washed ashore. -A strong petroleum well has been struck near Neodosha, Neb. -Sam Yaeger. one of the famous Cooley gang. esca; from jail at Kingwood. W Va, company is being formed in Norwalk. Ohio, for the purpose of developing off territory in that section. -For the third time In two weeks prisoners in the Peru. Ind., jall were caught just as they were about to escape. -A fine team driven by John Raab. of Elkhart. Ind. was struck and killed by a train and Raabserlously injured. -Fearing that renewed disorders would be fomented by the anarchists, the police at Rome arrested twelve of them and surrounded the French Embassy and other buildings with troops. These precautions sufficed and no serious disturbances were attempted. -1n a collision on the Chicago. Burlington and Quincy Road at Chicago two men were injured and $10,000 worth of property was destroyed. The injured are John Rauth. engineer: Robert Hach, firemen. Neither will die. response to the appeal of Brunswick. Ga., for aid Mayor Fletcher called a massmeeting of citizens at the Jacksonville. Fla., Board of Trade, which was largely attended. Representatives of the Jacksonville Auxiliary Sanitary Association were present and after an interchange of views the Association agreed to send $1,000 in cash to Brunswick and $500 worth of provisions. -Two negro miner; were instantly killed by liying debris at Walzburg. Col., by standing too close to a blast. -One lone planist formed the orchestra the other night at the Tabor Opera House. Denver. where Mrs. John Drew was playing. The stage hands struck against a reduction of the force and the orchestra followed suit the theater being declared "unfair" by the Trades Assembly. -The directors of the Denver People's National Bank. who are also the directors of the suspended People's Savings Bank. have proposed to the depositors in the latter institution to assume all its liabilities and purchase its assets. Deposits are $1,000,000 and assets a little more. A committee of depositors has accepted the offer. -S. S Demoss. a conductor at Emporia. Kan has sworn out a warrant for the arpast of David Potter. for attempting to burglarize his house. Potter is the largest book and news dealer in the city. -Thomas P. Kirby. dealer in natural gas supplies at Muncie. Ind. 14 missing. -Heirs of Norman W. Kittson, the St. Paul millionaire. charge James J. Hill and the St. Paul Trust Company with delaying settlement and attempting to wreck the estate in order to reap large profits la the way of executor's fees. -Senator Squire has introduced a bill
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NEWS OF THE WEST Colorado. Telluride suffered from a $5,000 fire on the 23rd. Crippin, Lawrence & Co., brokers at Den t ver, have assigned. The Populist and Democratic conventions a of Pueblo county endorsed equal suffrage. t Some deep-dyed villain entered the office of the Enquirer at Del Norte a few night d since, and pied all the type. The state convention of the Woman' Christian Temperance Union opened at Boul e der on the 20th. There was a large attend ance at the meetings. e A number of holders of Rio Grande county r warrants have offered to accept 60 cents or the dollar, but the commissioners are holding off for better terms. 1 f South Park stockmen, on Saturday, brough into Del Norte three men who had beer f caught slaughtering veal on the range. The r men are now in the Del Norte jail and thei e names are Wheelock, Jacobson and Redd e They hall from Sunnyside. f James K. Stratton, a noted forger, and John Keenan, a highway robber, escape from the state penitentiary on the night o e the 15th. They sawed through the bars and f scaled the walls. No trace of them has beer 1 discovered. They doubtless had outside and perhaps Inside aid. It is now believed that James K. Stratton who escaped from the State penitentiary a short time ago was a well-known Ohio crim e Inal, who has murdered a policeman at Col 8 umbus. The authorities have discovered no 8 trace of him yet. F. C. Schrader, assignee of the broker People's Savings Bank at Denver has beer removed from the position on the request o many depositors. He was interested in the People's National Bank and it was feare that he would be too partial in dealing with 1 the latter institution. James H. Robin, cashier, and G. H. Stelber president of the defunct Bank of Silverton has been arrested on five complaints for re 1 ceiving money thirty days before the banl closed Its doors. They waived examination e add secured a change of venue. The case e will be tried In Durango at the next term o court. The Denver & Rio Grande has prepared to open the coal mines at Ruby on the first o next month. Employment will be given 15 or 200 men, and 100 to 200 tons of coal wil be mined daily, the output being increased to 600 tons a day as the season advances. The property is owned by the Colorado Fuel and 8 Iron Company. e Denver Markets-Eggs, ranch 20c, state S 17c; butter, best creamery 29@30c, dairy 19c hay, upland baled $10@$12. second botton 88@$9; alfalfa $6.00; oats, old, 95c, new, 90c potatoes 75@90c; cattle, choice steers $2.4 @$3.00, cows $2.00@$2.30, native feeders $2.5 1 @$2.75; hogs, choice $5.85; spring chicken $2.00@$3.50 per doz. On account of the difficulty in obtaining e sulphide ore the Bimetallic smelter at Lead ville has blown out and will remain shut down for a period of from two weeks to one month The supply of this ore comes principally from f the Wolftone mine, the lower levels of which are at present under water. Several week will probably elapse before this can be re moved. S An alternative writ of mandamus has beer granted by Judge Graham of Denver at th suit of the New Hampshire Savings Bank O Concord, New Hampshire, against the Board of County Commissioners of Grand County e to compel them to order a special tax lev to provide funds for the payment of som $22,590.48 of county warrants for which judg L ment has already been obtained against the county. The Santa Fe robbery cases came to an in glorious end in the district court at Trinida Monday, when the jury returned a verdiet o not guilty in the case of Engineer O. B. Reed charged with burglary and lareeny. Distric 8 Attorney Hitt then dismissed the remainde r of the cases on the ground that there wa t such a feeling against the prosecution in tha county that It is impossible to secure a jur that will convict the Santa Fe suspects. Th e verdicts of not guilty are generally approved in that city.
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Savings Bank Reopened DENVER, COLO., December 81.-The Denver Savings Bank, which succumbed to the panic of last July only after a most stubborn fight, will reopen for business Tuesday, January 2. The People's Savings Bank has abandoned the attempt to resume, and will pay a dividend of 10 per cent. on $955,000 of proven claims next Tuesday.
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Denver Saving Bank Resumes. DENVER, Colo., Jan. 1.-The Denver Savings bank, which succumbed to the panic of last July, only after a most stubborn fight, will report for business to-morrow. The People's Savings bank has abandoned the attempt to resume, and will pay a dividend of 10 per cent on $955,000 of proven claims next Tuesday.
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A Denver Bank Resumes. DENVER, Jan. 1.-The Denver Savings bank, which succumbed to the panic of last July only after a stubborn fight, will reopen for business tomorrow. The People's Savings bank has abandoned the attempt to resume, and will pay a dividend of 10 per cent. on $955,000 of proven claims tomorrow.
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Paying Their Depositors. DENVER, Jan. 2.-Two of Denver's closed savings banks put $250,000 in circulation today. The People's Savings bank paid out an assignee's dividend of 10 percent, amounting to $95,000. The Denver Savings bank. which closed during the July panic, resumed business today. The bank is paying 10 per cent to all depositors who ask it, and to those who did not sign the resumption agreement the full amount of their deposit is paid. The deposits so far have equaled the withdrawals.
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Banks Resume. DENVER, Col., Jan. 2.-Two of Denver's closed savings banks put in circulation a quarter of a million dollars today. The People's Savings bank paid out an assignee's dividend of 10 per cent, amounting to $95,000. The Denver Savings bank, which closed during the July panic, resumed business today. The bank IS paying 10 per cent to all depositors who ask, and to those who did not sign the resumption agreement the full amount of -their deposits is paid. The deposits SO far have equaled the withdrawals.