1.
May 25, 1893
The Seattle Post-Intelligencer
Seattle, WA
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A Denver Bank Stands a Run. DENVER. May 24-An idle report was started yesterday 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 money. This morning the bank opened for business an hour earlier and remained open an hour later than usual to give 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 clearinghouse will support the bank in case any further run should be made upon it. The Savings Bank Association, in order to protect itself, will require the enforcement of the clause calling for the usual notice before withdrawing any deposits in excess of $25.
2.
May 25, 1893
The Salt Lake Herald
Salt Lake City, UT
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DENVER'S FIRST BANK® TROUBLE. A Run Made on the People's Savings Bank Causes Much Excitement. DENVER, May 24.-[Special.]-At - a clearing house meeting lasting till 11 tonight, it was decided that the People's Savings bank, Denver Savings bank, Colorado Savings bank and the Dime and Dollar Savings bank would tomorrow enforce the rule requiring thirty days' notice on deposits between $50 and $100 and sixty days' notice on deposits of over $100. The clearing house banks will guarantee the deposits, which amount to about $3,500,000. The action is taken because of a run on the People's Savings bank today, during which $180,000 of its total of $1,300,000 deposits were withdrawn. There was the intense excitement always attending such scenes. Police were needed and women fainted. The national banks in the clearing house are in extremely strong shape, having been preparing for the present stringency for a year. No failures are expected but there is a restless feeling. This is the first bank trouble in the history of Denver.
3.
May 25, 1893
The Salt Lake Herald
Salt Lake City, UT
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CAUSE OF THE RUN. It Had Its Origin, of Course, in an Idle Rumor, DENVER, May 24.-An idle report was started yesterday that J. M. Berkey, who recently failed for some $200,000, owed a greater part of this amount to the People's Savings bank in this city. The rumor grew and many depositors with. drew their money. This morning the bank opened for business an hour earlier and remained open an hour later than usual to give depositors a chance to withdraw their money if they desired to. The individual amount called for was small 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 on it. The Savings bank association in order to protect themselves will
4.
May 26, 1893
The Wichita Daily Eagle
Wichita, KS
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FAILURES. KOKOMO, Ind., May 25.-Lewis D. Walden, cashier of the defunct Greentown bank, is under arrest for embezzlement. He was taken from the train last night as he was leaving for his home in Pennsylvania. John W. Parrish and ex-Governor Chase are in town, trying to satisfy the depositors of the bank. DENVER, May 25 - The run on the People's Savings bank continued this morning. but with considerably less vigor than yesterday. It is believed that the close of business this afternoon will see the run ended. The other banks are not affected, LEAVENWORTA. Kan., May 25.- The rumor circulated today that there had been a run on the savings banks of this city is entirely erroneous The banks, so far as known, are in a sound condition: at any rate, the difficulties, if there are any, have not reached the public.
5.
May 27, 1893
St. Paul Daily Globe
Saint Paul, MN
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FINANCIAL REVERSES. "Receiver Wanted for a New York Land Company. NEW YORK, May 26. - Herbert L. Bridgeman, a stockholder in the Ardsley Land and Improvement company, made a motion before Justice Andrews, of the supreme court, today for the appointment of a receiver ceiver for that company. The company consented that a receiver be appointed. The property of the company at Ardsley, West Chester county. is advertised for sale under foreclosure proceedings brought by Pierpont Morgan to recover a mortgage of $500,000. DENVER, May 26.-The run on the People's Savings bank has about ended. and every demand has been promptly met. Confidence has been restored in commercial circles and the excitement has subsided. BUFFALO, N. Y., May 26.-Edward Newell, agent of the Domestic Machine company, has made a general assignment with liabilities between $40,000 and $50,000, and assets about the same. The failure was caused by the financial trouble of the company in New York, to whom he had given accommodation paper.
6.
May 31, 1893
The Enterprise
Wellington, OH
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Big Run on a Denver Bank. DENVER, Col., May 26.-Despite the rule on the thirty-day limit and the restriction that only $25 will be given and depositor, the run on the People's Savings bank continued yesterday. The best endeavors 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 that prevails. Every call of depositors, however, is being promptly met. The Denver Savings bank, on which a small run was made Wednesday, showed quietude yesterday, there being no clamorous depositors around that institution.
7.
July 18, 1893
The Helena Independent
Helena, MT
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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.
8.
July 18, 1893
The Anaconda Standard
Anaconda, MT
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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.
9.
July 18, 1893
The Madison Daily Leader
Madison, SD
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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.
10.
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.
11.
July 19, 1893
New Ulm Review
New Ulm, MN
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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.
12.
July 26, 1893
The Enterprise
Wellington, OH
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BANKS CLOSED. A Financial Flurry at Denver, Three Institutions Fail to Open Their DoorsDepositors Will be Paid in Full-Kausas Banks Suspend Payment. DENVER, Col., July 18.-Commercial circles are greatly excited over the failure of three banks in this city yesterday. 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. Blakeny was made assignee of the Dime and Dollar Savings bank, of which F. D. 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 $156,803.53 and the liabilities $105,565.82. The officers of the bank are positive in the statement that the depositors will not lose a 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. Their assets over liabilities in what is declared to be good American paper, well secured, is $78,063.72. 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 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 thirty and sixty days' notification provision, and is paying out no checks or drafts for more than $20 each. KANSAS CITY, Mo., July 18.-The Missonri National bank, one of those which withstood a heavy run on Saturday, suspended at noon yestérday. The failure will probably precipitate more trouble here. The bank had a paid up capital of a quarter of a million dollars and was a new institution. It had been deemed solid, though its statement issued at the close of business July 13, showed only $271,025 as a reserve against over $100,000 deposits. D. V. Reiger was the bank's president and Henry C. Kumpf, ex-mayor, vice president. When the Grand Avenue bank opened its doors for business Monday morning a long line of depositors had formed on the sidewalk and as soon as the maying teller appeared at the window began drawing out their money. The run kept up until nearly noon, when the bank was forced to assign to John James Ruckel. The assets are stated to be $200,000. The bank cleared through the National Bank of Kansas City and it is alleged lost considerable money in that institution.
13.
July 27, 1893
The Seattle Post-Intelligencer
Seattle, WA
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The president of the People's Savings bank, of Denver, attributes its suspension directly to the recent frantic effusions of the silver conference. The bank was pressed for ready money, but, its assets being substantial, it had obtained promises of assistance from Eastern correspond-ents which would have enabled it to meet the strain. The silver faction publicly an-nounced that unless free coinage of silver was immediately introduced the state of Colorado would be irretrievably ruined and every investment in it would turn out worthless. The Eastern banks became alarmed and refused to lend their money in a community where such views prevailed.
14.
July 28, 1893
The Seattle Post-Intelligencer
Seattle, WA
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M. J. LAWRENCE ARRESTED
M. J. Lawrence, president of the suspended People's Savings bank of Denver, was arrested on July 26, charged with grand larceny.
15.
July 31, 1893
Rock Island Daily Argus
Rock Island, IL
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ABBREVIATED TELEGRAMS. George T. Carpenter, chancellor of,Drake university, died at Des Moines. The New York city savings banks have resolved to demand legal notice of depositors desiring to withdraw. Kaiser Wilhelm is visiting the Prince of Wales. Wheat was lower on the board of trade at Chicago Saturday than ever before. August sold down to 56 cents a bushel. Dealers could not get monev. Prince Henry stumbled in a race at Hawthorne track, Chicago, throwing his rider, F. Carr. injuring him perhaps fatally. In a case arising at Cleveland the treasury department has decided that when Americans take fish in their own nets in Canadian waters they must pay a duty of three-fourths of a cent a pound on all fish taken and brought to this side. Thomas McGladrigan was caught in the collapse of a building at Pittsburg and killed. F. B. Hargreaves and Thomas Dann, two young men at Lake Bluff, Ills., camp, got into a row over a fair camper and concluded to fight it out a la prize ring. Eight rounds settled the fight in favor of Hargreaves. Secretary Smith, of the Interior department, passed through Chicago on his way to Washington from the west where he has been on government business, especially with reference to the Indian question. Nine weeks ago $300 worth of jewels was stolen from the residence of J. H. Davitt, Saginaw, Mich. Friday night last the box containing the stolen property was found tied to the door knob of Davitt's residence with not an article missing. They are talking in Denver of having another lynching entertainment, the victim this time to be President Lawrence, of the recently failed People's Savings bank. It is reported at Paris that the Behring sea arbitrators have agreed that the American claim to property right in the seal is not good, but that pelagic sealing must be stopped. A man named Jenkins and two sons have been living in the mountains prospecting ten miles from Denver. One of the boys has disappeared and with him $4,000 in gold. Dr. James Cunningham, grand commander of the Scottish Rite Masons, is is dead. He will be buried at New Orleans. Senator Beckwith, of Wyoming, has resigned and the governor, it is said, will appoint A. L. New in his place. World's fair excursions at half rates are now running over the New York Central. Henry Waller, a pioneer of Chicago and well-known lawyer, is dead at River Forest, Ills. He waa 83 years old. Two colored robbers at Chicago "held up" World's fair Commissioner McDonald, of Colorado, and robbed him of his watch. Eighteen horses from the Russian czar's own stables have arrived at New York for the World's fair. After the close of the fair the czar wants to exchange these for American trotters. At Clark's Siding, north of Manton, Mich., Joseph Ashley, in a drunken rage, snatched his own child from the hands of his broth er and dashed its brains out against a post.
16.
August 10, 1893
Courier Democrat
Langdon, ND
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CHARGES OF FRAUD. Denver, Aug. 5.-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 the judgment should be obtained and satisfied. Charges of froud and conspiracy are made against the bank authorities. President Lawrence. of the suspended bank. is now in the East endeavoring to raise money with which to open the institution.
17.
August 12, 1893
The Ohio Democrat
Logan, OH
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Despositor Sues a Suspended Bank. 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.
18.
August 26, 1893
The Madison Daily Leader
Madison, SD
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To Buy Bank Assets. DENVER, Aug. 26.-The directors of the People's National bank, who are also the directors of the suspended People's Savings bank, have proposed to the depositors in the institution to assume all its liabilities and purchase its assets. The deposits are $1,000,000. A committee will confer and the consent of Comptroller Eckels is all that is necessary to bind the bargain.
19.
September 1, 1893
Iowa County Democrat
Mineral Point, WI
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not intended to resume for several months and the news was received with great rejoicing. The estate of the late Commodore Kittson of St. Paul, Minn., although it inventories $2,718,000, is SO tied up in litigation that the trust company refusesto give the heirs more than board money. Treasurer James B. Bruner of the combined Masonic lodges of Omaha was found short of $1,200 and having confessed that he had gambled the funds away the winners were compelled to return it. Mr. and Mrs. Martin Shultz were murdered Wednesday night at their hime, sixteen miles southwest of Cherokee, Ia., and their house looted. William Myles, banker of Cincinnati, while out in a sailboat near Thousand Island Park, in the St. Lawrence river, Sunday morning, was run down by a steamer and drowned. As Lorenzo J. Bovee was driving his family into Elroy, N. Y., to attend services at the Presbyterian church, their carriage was struck by a train and all five persons killed. A Canadian bookkeeper employed in a railroad office at Black Rock, N. Y., has been deported under the Alien Labor law, and a liability of $1,000 is raised against the superintendent who hired him. As a result of the Behring sea decision, Secretary Carlisle has startled the lessees of the Pribylof islands by 1 demanding full rental. He says the reductions made by predecessors were illegal. Recruiting officers say that the prevailing hard times are driving a large number of men to enlist in the army. There are now only 154 vacancies, while usually the army is about three thousand short of the maximum limit of 25,000. The state department has received S notice from the viceroy of China that no retaliatory measures will be initiated by his government at present and n that every effort will be made to protect Americans in China until congress meets in regular session. At Denver the court has been asked to remove Frederick Schrader as assignee of the defunct People's Savings bank. on the ground that he is not conducting affairs legally and that he is in collusion in the conduct of the bank. Grave charges are also made f against President Lawrence. S Obituary: At Carthage, Ill., Banker Hiram G. Ferris. aged seventy-three.t At Quincy, III., Postmaster J. C. n Thompson.-At Plattsburg, N. Y., Rev. d Brother Azarias, the Catholic lecturer a and writer.-At Tremont, Ill., Peter Getts.-At Rockford, III., Lucius M. West.
20.
January 1, 1894
The Wilmington Daily Republican
Wilmington, DE
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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 $935,000 of proven claims tomorrow.
21.
January 1, 1894
St. Paul Daily Globe
Saint Paul, MN
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One Resumes, the Other Doesn't. DENVER, Col., Dec. 31.-The Denver Savings bank, which succumbed to the panic of last July, only after a most stubborn fight, will reopen for business Tuesday, Jan. 2. The People's Savings bank has abandoned the attempt to re= sume, and will pay a dividend of 10 per cent on $955,000 of proven claims next Tuesday.
22.
March 7, 1902
The Dolores Star
Dolores, CO
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S. G. Collins a Bankrupt. Boston, March 3.-Samuel G. Collins of Boston and Denver has filed a petition in bankruptcy in the United States court here. His liabilities are approximately $120,000 and his assets. as declared by himself, are $100 worth of personal property. Mr. Collins says: "I went to bed one night worth $800,000, and my fortune was gone in a night. For nine years 1 have tried to square my obligations, but I have concluded it is no use. Almost all my liabilities are with 'busted' banks in Denver." The People's National bank of Denver is a creditor for $135,636, loaned to Collins on notes amounting to $60,000, secured by deeds of trust on real estate in Arapahoe county. After default and foreclosure May 29, 1896, the bank obtained judgment for the deficiency, $35,686. The People's Savings bank has a claim of $6,375 and the Denver Savings bank a judgment claim of $18,005. Collins went under at Denver in the panic of '93. There are a number of other claims.