1322. Rocky Mountain Dime and Dollar Savings Bank (Denver, CO)

Bank Information

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

Metadata

Model: gpt-5-mini
Short Digest: 8596a751

Response Measures

None

Description

Multiple contemporaneous articles (July 17–18, 1893) report the Rocky Mountain Dime and Dollar Savings Bank 'closed', 'assigned' or 'suspended' (assignee Charles H. Blakeney) as part of three Denver savings banks that took assignments for self-protection because of hard times and inability to realize on securities. Later articles (Sept 20, 1893) report the Rocky Mountain Dime and Dollar Savings Bank reopened. No article describes a discrete misinformation-triggered run specifically on this bank (assignments described as preconcerted), so this is a suspension with later reopening. Cause classified as macro/systemic hard times (macro_news).

Events (2)

1. July 17, 1893 Suspension

Cause: Macro News
Cause Details: Assigned/suspended due to 'universal hard times' and inability to realize on securities; assignments described as preconcerted for self-protection and protection of depositors.
Newspaper Excerpt: the Rocky Mountain Dime and Dollar Savings bank closed their doors... Charles H. Blakeney was this morning made assignee.
Source: newspapers

2. September 20, 1893 Reopening

Newspaper Excerpt: The Rocky Mountain Dime and Dollar Savings Bank opened for business yesterday. This is the first of the four failed savings banks to resume. Deposits amounted to fully five times the withdrawals.
Source: newspapers

Newspaper Articles (15)

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

Article from The Indianapolis Journal, July 18, 1893

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

2. July 18, 1893 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, July 18, 1893

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A REGULAR KNOCKDOWN. Three Denver Savings Banks Close Their Doors Simultaneously, FAILURES IN NINETEEN YEARS A Scarcity of Money, Inability to Realize on Securities and the Action of the Silver Convention the Contributing Causes-Depositorswill be Paid in Full-Two More Banks in Kansas City Sucoumb to the Pressare-Said to be Perfectly Solvent. DENVER, 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 savings banks closed their doors. An estimate of assets are $1,500,000, with liabilities of $1,350,000. The Colorado is Savings Bank, of which F. K. Atkins 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 deposits $50,699 : due other banks $3,23654. Cashier's checks, $625. Their assets over liabilities in what is de. clared to be good commercial papar well secured is $73,063 72. F. W. Woodbury is president and O. F. Clark cashier of the Rocky Moun. tain Dime and Dollar Savings bank, of which Charles H. Blakeney was this morning made assignee. A detailed statement has not yet been made, but from the books of the institution it would appear that the assets are $156,803.53 and liabilities $105,564.32. The officers of the institution positively au. sert that the depositors will not lose a the were assignments dollar. It is understood preconcerted that all and were done for self protection and the protection of the depositore. Thedirect cause of the failures was the universal hard times and inability to realize on securition. The president of each bank declares that each depositor will be paid in full and that the institutions will resume again. A run n the Denver Savings bank is impending. The bank is taking advantage of the thirty and sixty days notifi. cation law and is paying out no amounts $ 25 President Lawrence, of the Peoples a up to morning Savings bank, said the in savings statement bank this six weeks ago had a most successful career, having in deposits $1,300,000, and had paid to its depositors in intereat $172,482. The causeless run began on 1 and continued up to last ble were Saturday means May night, of the when bank the entire exhausted availaand to their officers nothing of the was institution left but pledged assign. The 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 at thirty days notice, for $100,000 signed by Colorado parties worth $400,000, to raise immediato money was not worth the paper was written on. Most persistent efforts were made to obtain temporary assistance to tide the bank over, and up to four days ago this assistance was promised by the the beeastern necessary doinge correspondent of recent banks, convention but since came known all over the country these promises were canceled by telegraph and no alternative was left us-with notices amounting to nearly $500,000 for withdrawals of deposits maturing in the near future staring us in the face and cash on hand pulled down to $223-but to make a full assignment for the protection and benefit of all. The failure no way in fect the the savings People's bank Bank, will which in with af- all other national banks are perfectly sound, and anticipate no trouble outside the savings banks.

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

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

4. July 18, 1893 New-York Tribune New York, NY

Article from New-York Tribune, July 18, 1893

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THREE SAVINGS BANKS ASSIGN SIMULTANE OUSLY IN DENVER TWO MORE FAILURES REPORTED IN KANSAS CITY-TROUBLES AT OTHER POINTS. Denver. July 17.-The first bank failure in Denver since 1874 occurred this morning, when the People's Savings Bank, the Colorado Savings and the Rocky Mountain Dime and Dollar Savings banks closed their doors. An estimate of the joint assets is $1,500,000. and of liabilities $1,350,000. The Colorado Savings Bank, of which F. T. Atkins is president and C. O. Atkins cashier, in its statement to the assignee, Alfred Butters, places the open accounts due depositors at $135,108 54: certificates of deposit, $50,699.36; due other banks, $3,236 95: cashier's checks, $625. The assets over liabilities in what is declared to be good commercial paper, well secured, are $73,063 F. W. Woodbury is president and C. F. Clark is cash ler of the Rocky Mountain Dime and Dollar Savings Bank, of which Charles H. Blakeny was this morning made assignee. A detailed statement has not yet been made. but from the books of the Institution 11 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 were made for the protection of the depositors. The direct cause of the failures was the universal inability to realize on securities. The presidents of the three banks declare that each depositor will be paid in full and that all three institutions will resume again. A run on the Denver Savings Bank Is impending and 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 that the savings bank upoto six weeks ago had had a most successful career, having received in deposits $1,300,000, and paid to depositors in interest $112,482. The run on It began on May 1 and 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 insti dutions by the recently published expressions, and the demonstrations that have been heralded from Colorado, a thirty-days notice to raise $100,000, signed by Colorado people worth $4,000,000, was not worth the paper it was written on. "Most persistent efforts were made," said President Lawrence, 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 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 as signment for the protection and benefit of all. The failure in the savings bank will in no way effect the People's National Bank, which, with all the other National banks here, are perfectly sound and anticlpate no trouble." Kansas City, Mo., July 17.-Despite assertions of strength and the publication of a favorable state. ment on Saturday the Missouri National Bank was taken possession of by the Controller of the Currency shortly before noon to-day. The officers show the assets to be $1,254,785. and the liabilities, excepting capital stock. about $700,000. During the run on the different National banks here on Saturday the Missouri National suffered some what, though the withdrawals were made by small depositors chiefly. This morning. however, several large depositors withdrew their money, the amounts running well up into the thousands, and these with drawals made continuance impossible. For a while confidence was restored by Ferdinand Helm, a local brewer. depositing $32,000 in the concern, but this incident soon lost Its effect. Aid bad been asked from the Third National Bank of New-York City and assistance was on the wify. On July 1 the bank paid the regular annual dividend of 3 per cent. The officers declare that depositors will be paid dollar for dollar. The Missouri National is a new bank, having opened in January, 1891. It has capital stock, paid in. of $250,000. and Its surplus is $6,000. According to the statement made Saturday, issued in compliance with the Cur request of the Controller of the reney, cash and sight exchange were placed at $271,024, and the deposits at 8900,763 The officers are D. V. Rieger, president; Henry C. Kumpf, vice president : R. D. Covington, cashier. The Grand Avenue Bank, a private institution, as signed this morning to James B. Rickel, who imme liately took charge. The assets are put at about $200,000, and liabilities at $140,000. The Grand Avenue Bank holds ample securities to meet obligaions, it is claimed, and the officials say that they expect to resuine business shortly. It was rumored n Saturday that this bank had closed. but it appears hat the officials secured money sufficient to tide them ver till to-day. when it was hoped that some of their securities could be realized on. on account of the scarcity of money. however, realization was found impossible. Confidence in the ability of the bank to pay dollar for dollar is expressed by other bankers ere and no excitement over the temporary suspension s manifested. A. Lambert is president H. Stubenauch, ice-president, a.mi H. C. Lambert, cashier, of he bank. "The Star's" special from Topeka, Kansas, says: State Bank Examiner Breidenthal reports that Hood 6 Kincaid's bank of Pleasenton, Kansas, has failed nd is in the hands of Deputy Bank Commissioner Osborne. The capital stock is $80,000. No state nent is given. Commissioner Breidenthal has informa ion of a number of other bank failures in the State, ut he declines to give names until he has taken possession. Chicago, July 17.-It not vet known where Conrad Vichoff, of the defunet banking house of L. Nichoit Co., and his wo sons, Frank and Otto, are. The reditors of the bank are endeavoring to find them. ut at last accounts had learned nothing more than hat Mr. Niehoff was caring for his impaired health some summer resort. meeting of creditors was eld yesterday. Adam Kastler, chairman of the In restigating Committee. reported that the affairs of this ank were in adisorderedstate.and that it was im possible to give a clear presentation of them. Enough ras known. however, indicate liabilities of $160. 00. while the assets scarcely exceed $50,000. Washington, July 17.-The Controller of the Curency has been informed that the First National Bank f Cedarlown, Ga., and the Missouri National Bank 1 Kansas City, Mo., closed their doors today. PUBLIC SENTIMENT ON SILVER IN MICHIGAN, Detroit

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

Article from The State Republican, July 20, 1893

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

6. July 20, 1893 Grant County Herald Lancaster, WI

Article from Grant County Herald, July 20, 1893

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MANY BANKS FAIL. Kansas, Missouri and Colorado's Institutions Forced to Close Their Doors. TOPEKA, Kan., July 18.-State Bank Commissioner Breidenthal was on Monday notified of the suspension of six state and private banks in Kansas, all due to the suspension of Kansas City banks in which they had deposits. The banks reported are the Bank of Johnson City, the Bank of Weir City, Hood & Kincaid's private bank of Pleasonton, Caney valley bank of Caney, Ritter & Doubleday's private bank of Columbus and the Bank of Meade of Meade Center. Kansas CITY, Mo., July 18. - The Missouri national bank, which was looked upon as one of the stoutest houses in the west, closed its doors at noon. Its assets are nearly $2,000,000, while its liabilities are only one-half of that figure. At 9:30 a. m. the Bank of Grand avenue failed for $250,000. DENVER. Col., July 18. - The first bank failure in Denver since 1874 occurred Monday morning when the People's savings, the Colorado savings and the Rocky Mountain dime and dollar savings banks closed their aoors. The assets of the People's savings bank are $1,500,000; liabilities, $1,350,000. The Colorado savings bank has assets over liabilities, it is claimed, amounting to $73,000. The assets of the Rocky Mountain dime and dollar savings bank are $156,803.53; liabilities, $105,654.32.

7. July 20, 1893 The Austin Weekly Statesman Austin, TX

Article from The Austin Weekly Statesman, July 20, 1893

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AVINGS BANKS COLLAPSE HREE OF THEM CLOSE THEIR DOORS IN DENVER YESTERDAY. Long Run On One of Them Drove It to the Wall, and in Anticipation of Like Treatment the Others; Assigned While They Had Funds. DENVER, July 17 -The first bank ailure in Denver since 1874 occurred morning when the People's Savthe Colorado Savings and the Rocky Mountain Dime and Dollar lavings banks closed their doors. An stimate of the assets are $1,500,000, with liabilities of $1,350,000. The Colrado Savings bank, of which F. K. Atkins is president and C. C. Atkins ashier, in a statement to the assignee, Alfred Butters, place the open acounts due depositors at $435,108 50; ertificates of deposit, $50,699,36; due ther banks, $2,236.95; cashier's hecks, $625. Their assets over liabilin what is declared to be good ommercial paper well secured is $73,63.72. F. W. Woodbury is president and G. Clark is cashier of the Rocky Iountain Dime and Dollar Savings ank, of which Charles H. Blakeny this morning made assignee. As$156,803.53, liabilities $105,565.32. Officers of the institution postively ssert that depositors will not lose a ollar. It is understood that ali the ssignments were preconcerted and done for self protection and for protection of depositors. The dicause of the failures was the uniersal hard times and inability to reaon securities. President Lawrence of the People's avings bank, in a statement this orning said a causless run was start May 23 and was really kept up to Satunday night, when the entire vailable means of the bank were exausted and there was nothing left assign. The officers of the instisaid he, "pledged their estates its support, but the feeling engenamong eastern banks and finanhg recently

8. July 21, 1893 Oakes Weekly Republican Oakes, ND

Article from Oakes Weekly Republican, July 21, 1893

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BUSTED BANKS Seven Bad Fallares III Two Days at Denver. 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. DENVER, July 19.--Three national banks, the Union National. the Coinmercial National and the National Bank of Commerce, closed their doors during the morning, owing to the heavy demands of excited depositors. The Mercantile bank, a small institution doing business in the Mining Exchange building, also suspended, owing to to the close of the Union Bank, through which its clearances were made. Mercantile vallures. In addition to the bank failures the following firms went to the wall during the day: McNamara Dry Goods company; M. S. Noah. installment furniture dealer: Albert Nelson, restaurant; John Mouatt Lumber company; Luther J. Wygant, tiles and grates; Evans-Littlefield Confectionary company; "The Hub," general merchandise; Hyman & Cohen, shoe dealors, and McHiver & Drip, mantels and tiles.

9. July 21, 1893 The Forrest City Times Forrest City, AR

Article from The Forrest City Times, July 21, 1893

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

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

Article from The Bessemer Indicator, July 22, 1893

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

11. July 28, 1893 Iowa County Democrat Mineral Point, WI

Article from Iowa County Democrat, July 28, 1893

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THEIR DOORS CLOSED. Tardy Assistance Makes Denver and Kansas City Banks Suffer. Denver, Colo., July 17.-The People's Savings bank, Rocky Mountain Dime and Dollar, and Colorado Savings banks did not open their oors this morning. The assets of the People's are $1,500,000; liabilities, $1,350,000. Prseident Lawrence says the failure will in no way affect the Pople's National. The Colorado Savings bank statement shows deposits of $486,000, with assets of $73,064 in excess of liabilities. The assets of the Rocky Mountain Dime and Dollar Savings bank are $156,803; liabilities, $105,654. The officers of all three say the debts will be paid in full. It is understood that all the assignments were preconcerted for self-protection and the protection of depositors. President Lawrence, of the People's, says the bank had about completed arrangements for temporary relief from eastern banks, but the doings of the silver convention here caused them to withdraw all aid and the bank had no other resource but to assign. Kansas City, Mo., July 17. - The Grand Avenue bank, a private institution, suspended this morning, with 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. The comptroller of currency took possession of the Missouri National bank at noon. Statement by the officers shows assets $1,254,785; liabilities, $700,000. Assistance was on the way from the east but did not arrive in time as the depositors were making heavy drafts on the bank. Officers declare depositors will be paid in full.

12. September 21, 1893 New-York Tribune New York, NY

Article from New-York Tribune, September 21, 1893

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IN THE HANDS OF RECEIVERS. THE LOMBARD INVESTMENT COMPANY'S TROUBLES. INTERNAL DISSENSIONS LARGELY TO BLAMECHARGES WHICH HAVE BEEN MADE AGAINST OFFICERS OF IT. The appointment of receivers for the Lombard Investment Company in St. Paul yesterday was not unexpected in financial circles. This result has been looked for as the consequence of the internal dissensions in the company. How far the affairs of the concern have been complicated by defaults upon Western farm mortgages taken by it to secure loans is not known here. but some of the stockholders have made charges freely that the former president was responsible for many injudicious investments His methods have for some time also been under criticism of several bank officers in this city. The Lombard Investment Company was incorporated under the laws of Missouri in 1890. succeeding to a Kansas corporation incorporated in 1882. The business of the original company dates back to 1854. The capital stock was $4,000,000. For the year 1892 the company made 2,361 loans on farm lands through the West, involving $3,680,744 and 547 loans on city lots at the West. involving $1,180,875. a total of $4,861,619. Of this amount over $1,000,000 was loaned in the State of Washington, $785,655 in Missouri and $712,734 in Kansas. The foreclosure suits in court at the end of 1892 covered $685,135. At the end of the last fiscal year the company had outstanding $4,246,475 in debenture bonds. The assets included $5,369,323 first mortgages, $105,910 secand mortgages. $699,246 loans on collateral and personal security. $1,000,192 stocks and bonds. $344,003 real estate and $817,963 as "due from banks.' One of the former presidents. Benjamin Lombard. jr., resigned several years ago. James L. Lombard. a cousin. succeeded him. He had a contest with some of the stockholders on his hands for the last two years The opposing faction was largely composed of Philadelphia people, who employed Wayne MacVeagh as counsei. Mr. MacVeagh. in a report made last year to his clients charged President Lombard with mismanagement He declared that certain Western farms. coming to the company by foreclosure. were bought by James L Lombard and Benjamin Lombard. jr at a price fixed by themselves, and they traded them and other property for houses. which were afterward sold to the company at a price fixed by the Lombards. Mr. MacVeagh also charged that the Lombards sold the bonds of a cable rail way to the company retaining the stock which they had received when they had purchased the bonds J. L. Lombard was also accused of a speculation in land near Kansas City which proved unprofitable. and. it is alleged. was saddled upon the company The Koen ditch transaction was also denounced by Mr. McVeagh as a worthless scheme in which the Lombards had prospered at the expense of the company, although they subsequently personally guaranteed the bonds sold to the company. Mr. MacVeagh also described an other transaction as follows: James L. Lombard. his nephew, William A. Lombard, and one other member of his family, formed the Investors' Company. with a capital of $50,000. which purchased the stock of the Keith & Perry Coal Company for $675,000. The capitalization was then raised to $800,000 bonds and $800,000 stock. the Investors' Company taking one-half and Keith & Perry the other half. Mr. Lombard sold about $700,000 bonds to an English company which he had formed but he was forced to take them back through the efforts of committee representing the Englishmen. of which Charles S. Fairchild ex Secretary of the Treasury and James Stillman, president of the National City Bank of New. York. were members. Mr McVeagh then charged that the Lombards unloaded the bonds on the Lombard Investment Company The warfare made by the Philadelphia interests of the company led to the resignation of James Lombard in last May M B. Whitney of Massachusetts was elected president. The publicity given to the charges against the Lombard management hurt the operations of the company and the stock holders have sought a receivership in self protection. The receivers appointed are Charles S. Fairchild, M B. Whitney the president: Sanford B. Ladd and Frank Hagerman. of Kansas City and H. E. Mooney, the vice-president, also of Kansas City. SUSPENDED BANKS RESUMING BUSINESS Wheeling. W. Va., Sept. 20.-The Exchange Bank, the suspension of which early in August almost caused a panic in the city., reopened its doors today. The bank is on a sounder basis than ever, having $100,000 additional stock Denver. Col., Sept. 20.-The Rocky Mountain Dime and Dollar Savings Bank opened for business yesterday. This is the first of the four failed savings banks to resume. Deposits amounted to fully five times the withdrawals. A FRAUDULENT ST. LOUIS FAILURE St. Louis. Sept. 20.-The recent failure here of the wholesale notion firm of Simon. Ellman & Co., with liabilities of $160,000. has developed a sensational phase. Attorney John Boogher says one lot of goods, valued at $10,000. has been found at Grand Island, Neb.: one of $4,000 at Memphis and others at Springfield and Alton, III., Oklahoma City and other points. New-York relatives are also implicated in the transactions. Instances of fraud continue to multiply. Simon and Ellman cannot be found at present. ALL OF THE COMMITTEE ARE STILL VIGOROUS. The members of the Clearing House Committee laughed yesterday over the published rumors that one of their number was likely to be retired because of ill-health and advanced years. All of them swear that they are young in spirit, and they have recovered from the strain of the July monetary crisis. The stories are said to be without foundation. J. Edward Simmons, president of the Fourth National Bank, has recovered from the attack of indigestion he had on Tuesday. He left the city yesterday for Chicago, where he will devots two weeks to studying the World's Fair. FEW INDIA COUNCIL DRAFTS SOLD. London. Sept. 20.-The India Council to-day offered for sale drafts to the amount of 40,000,000 rupees. Buyers were found for only 30,000 rupees at 1s 3%d. THE DEPOSITORS LIKELY TO LOSE NOTHING. David S. McClure, the receiver of the National Bank of Deposit, which suspended in June, has conducted the affairs of the institution SO well that in all probability the creditors will receive 100 cents on the dollar. A dividend of 40 per cent was paid thirty days after Mr. McClure took charge, on July 15. Another dividend of 35 per cent will be paid on September 30. Mr. McClure thinks that the depositors will not lose a cent. NO POSTPONEMENT OF THE ELLISON CASE. Recorder Smyth could not restrain his feelings yesterday when Charles W. Brooke, attorney for Frank Ellison. asked for a postponement of Ellison's trial from Monday next until Wednesday. The Recorder exclaimed: "I thought that I should be considered in the matter also. I refuse to grant your request. The case must go on Monday." FLINT'S FINE

13. September 21, 1893 New-York Tribune New York, NY

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SUSPENDED BANKS RESUMING BUSINESS. Wheeling, W. Va., Sept. 20.-The Exchange Bank, the suspension of which early in August almost caused a panic in the city., reopened its doors today. The bank is on a sounder basis than ever, having $100,000 additional stock. Denver, Col., Sept. 20.-The Rocky Mountain Dime and Dollar Savings Bank opened for business yesterday. This is the first of the four failed savings banks to resume. Deposits amounted to fully five times the withdrawals.

14. September 27, 1893 The Star Reynoldsville, PA

Article from The Star, September 27, 1893

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Financial and Commercial. The National bank of Ashland, at Ashland, Neb., resumed business in an excellent condition. The Exchange Bank at Wheeting, W.Va., which suspended last month, has reopened under a new organization and largely increased capital. This resumption will release about $900,000 which has been tied up. The Rocky Mountain Dime and Dollar Savings Bank, of Denver, opened for business. This is the first of the four failed savings banks to resume. Deposits amounted to fully five times the withdrawals. The daily statement of the United States treasurer shows for the first time in two weeks t he receipts of the government to be in excess of the expenditures, the figures for the month thus far standing as fotlows: Receipts, $17,272,851; expenditures, $17,062,000, Of the latter amount $8,518,500 was on account of pensions. The gold reserve to. day was $95,684,317. The net balance is now $11,819,278.

15. September 28, 1893 Eagle River Review Eagle River, WI

Article from Eagle River Review, September 28, 1893

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IN a fight with pistols at Austin, Pa, Constable Williams and Thomas Kennekilled. day were wounded and Thomas Glover C. B. HAZELY, of Indianapolis, tary of the South Side accounts. Loan Association, is short REPRESENTATIVES a United migrants. SECRETARY GRESHAM has left Washing, ton for Chicago. FOREST fires threaten to destroy Lead City, in the Black Hills. THE Australian cricket team sailed from Liverpool for America. THE strike at one of Oliver's mills Pittsburg, Pa., has been declared off. THE Etna Standard mills, Bridgeport O., have resumed, employing 1,000 men PETER Curry, an old man, lost his life in the Opera House fire at Canton, THE Port Townsend, Wash., National Bank suspended. Liabilities, $10,000 assets, $120,000. THE German Catholic Central Society in session at St. Louis, decided on $200 death benefit. THE silver convention at Albuquerque N. M., adopted resolutions asking state hood for New Mexico. MONTPELIER, Vt., is in a fever over desecration of graves by two students Middlebury College. LEON HART has been appointed ceiver for the Texas, Sabine Valley Northeastern Railway. CONGRESS may consider the subject a cable to Hawaii. A bill has been int troduced authorizing it. KENTUCKY'S claims against the pen tentiary lessees have been decided versely, leaving the state in debt. MURDERERS of the Wratten family have been tracked with dogs from scene to the town of Jasper, Ind. A NEW court of appeals is providedi a bill introduced by Mr. Morgan, hear executive department cases. SITUATION at the treasury is greath improved. The greatest improvement is noticed in the customs receipts. BISHOP BRENNAN, of Dallas, Tex., has been made assistant to Bishop Power of St. John's, N. F., by the supreme pontiff. BERT PERRIN, 14 years old, was killed by the cars at Virginia, III. A MOB of forty persons drove eigh Chinamen from Burbank, Cal. THE Rocky Mountain Dime and Dol lar Savings Bank, Denver, Col., has sumed.