1399. Bank of Leadville (Leadville, CO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 26, 1883
Location
Leadville, Colorado (39.251, -106.293)

Metadata

Model
gpt-5-mini
Short Digest
1f616e6f

Response Measures

None

Description

Multiple contemporaneous articles (Jul 26, 1883) report the Bank of Leadville assigned/collapsed and a receiver (George W. Trimble) was appointed. Coverage describes a long-anticipated failure (bad management/insolvency) rather than an immediate depositor run on this specific bank. Other Leadville banks experienced runs later, but those are separate events (e.g., Merchants' and Mechanics' Bank run in Jan 1884).

Events (2)
1. July 26, 1883 Receivership
Newspaper Excerpt
assigned this morning to George W. Trimble; petitioned for a receiver; George W. Trimble was appointed receiver and gave bonds of $50,000.
Source
newspapers
2. July 26, 1883 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure/assignment described as 'long anticipated' and due to bad management/insolvency rather than a discrete rumor or external shock.
Newspaper Excerpt
The Bank of Leadville ... was assigned this morning to George W. Trimble.
Source
newspapers

Newspaper Articles (16)
1. July 27, 1883 Eureka Daily Sentinel Eureka, NV
Article from Eureka Daily Sentinel, July 27, 1883

Click image to open full size in new tab

Article Text

Ex-Lard King. The July - Peter McGeoch, to a ques- the CHICAGO, lard king, in answer in busicollapsed he proposed to start The fact tion whether "I can't tell. tell ness again, said: I am as yet unable dazed to and of what the I matter shall do. is, I feel entirely think of it! I had $700,000 to took my $500,000 bewildered. Friday Why, just credit On in that by Saturday they other $200,000 bank, and have taken the is not what I and would had permitted it. can It do. Really, I but are. know what my The genwould don't if I do, what mortgaged. I resources one My of property tleman who is heavily just Chicago. left the office He has is called partners from you have asked my to ask the would same question not engage of in business, business if me. I at least not that kind pay my debts." again, not that I wish to St. Louis. it were Sanday Law in Crittenden The LOUIS, July 26.-Gov. on ST. left Jefferson City yesterday places in and party Salt Lake and other of his a Utah. trip to Last week in anticipation letter to the Police Board departure of he this wrote city, which a was of that read body. this afternoon in executive session the Sunday liquor closing by It stated had been that declared constitutional and shall be law enforced. the Supreme The Court letter and that is must very members pointed of Sun- and the intimates execute the Board must the Police law or resign. as yet not known, in day Police effect either What is Com- them missioners but it is thought will do probable some of will resign. Railroad Collision. SCHENECTADY, N. Y., July 26.-The pas- at 5:20 train which left this city Railroad senger afternoon on the Saratoga freight this into collision with a wildcat about four came coming from the north Selvin Raymond train north of this city. County, was Creek, Warren of Six others were wrecked, fatally Both engines were miles North scalded. passenger seriously injured. fire to and burning one freight ears. setting baggage car and four been caused cab, accident is said to have East GlenThe by the telegraph operators directions at to the by giving wrong train. conductor ville, of the freight Slade in Training. YORK, July 26.-Slade and took his NEW Jack Brighton of England, Hamilton, 8 trainer, yesterday at Fort strict f up quarters Island, where he is to go into with Sul7 Long for the glove encounter Aug. 6. He training Madison Square, to reduce o livan at 235 pounds, but intends will face Slade weighs 225 pounds. Sullivan pounds. e to weighing from 185 to 190 Pennsylvania Democracy. y g The July 26.-The Democratic House State 8 PITTSBURG, Convention met at the Opera the county in n was fully State this afternoon. temporary represented Every organization and the Rey- hall was e e had crowded. by the A election of Corbin After recess M. E. Gen. a nolds A. as Walker Chairman. of Pulaski Committee was made per- on James manent Chairman of the Permanent Organization. Is Tearle Divorce Case. t The YORK, July 26.-Mary Alice Tearle her NEW secured an absolute divorce from the has George Osborne Tearle, alimony at t actor. husband, The Court fixes $500 her additional for d $2,000 the support per of year, each and child. The plaintiff is allowed $400 counsel fees. d Imprisoned and Fined. 3, Tenn., July 26.-The jury e NASHVILLE, the case of ex-Treasurer Polk brought d in verdict of guilty of embezzlement, in the t in a the penalty to imprisonment imposing a r fixing for 20 years, and embezzlepenitentiary fine to the full amount of the ment. . Unseated. n , d ATLANTA, Ga., July 26.-The House Proctor of n Representatives unseated D. P. and seated from Camden County his place by e (white) Wilson (colored) in has been in Anthony 82 to 61. Wilson two 8 e two a vote previous of Legislatures. There are other negroes in the House. Bank Assignment. of ; DENVER, July 26.-The Bank of Lead- and Col., C. L. Campbell President this of ville, Fisher Cashier, was assigned other n Geo. R. to Geo. W. Trimble. The to be is morning banks are thought not been 1. seriously Colorado affected, as it has long anticipated. o Laborers Injured. d Pa., 26. The passenger and g 0 SHAMOKIN, trains collided at East Shamokin in5 ballast Five laborers were seriously to-day. Both engines and two passenger were 8 jured. cars were wrecked. No passengers injured. it Arrest of Students. Pa., July 26.-Twenty-Ave but . students HARRISBURG, were arrested here last night, the cause is unknown. , n

2. July 27, 1883 Daily Los Angeles Herald Los Angeles, CA
Article from Daily Los Angeles Herald, July 27, 1883

Click image to open full size in new tab

Article Text

freight, etc. A Bank Bursted. 26. ...The Bank of Lead ville, Colorado, DENVER, of Leadville, July L. Camp Geo. R. Fisher, Cashier, this morning to assigned bell, President, George thought W. Trimble. Other banks are to be affected. not seriously This has long been anticipated. Bad for the Telegraph Company. Conn., July 26.-The enNORWICH, force of telegraph operators, tire except the manager, struck this morning. An Actress Divorced. NEW YORK, July 26.-Mary Alice Tearle has secured an absolute divorce from her husband, George Osmond Tearle, the actor. The Court fixed the alimony at $2000 a year, and $500 additional for the of support each for child. The plaintiff was allowed $400 counsel fees. A Union Fight Settled. CHICAGO, *July 26.-The Master Maand Builders' Association has decertain sons' cided to concede demands of non-union of the men respecting employment The builders on the that action workmen. ground the explain great body their take of men to vacated by the the places brought the the strikers city the to Union. early in the season have since joined Missouri's Sunday Law. wrote letter to ST. Louis, a July prior 26.-Gov. his departure Crittenden The for to the Police Board. that the letter Utah recently says Sunday law the has Subeen declared constitutional by Court and must enpreme and shall pointed be and forced. The letter is very in effect intimates that the members of the Police Board must either execute the Sunday law or resign. The Fate of Captain Webb. are NIAGARA FALLS, July Captain 26.-There Webb some who believe that in his foolish undertakand that he is concealing to ing has succeeded excitement himself when fan the flame of public he will make his appearance and a fresh A many wagers have been the American side trip. made on great days that and he bets will be seen alive inside of five made even one will be the case. have that such been and older The two residents general to belief, however, among is that Captain Webb is no more. The Clouds Breaking. New YORK, July 26.-By the majority of the can persons Rapid Telegraph surrender Company of the Ameri- to the demands of the strikers is regarded as a certain indication that the strike is an end. It is the and Ohio Company nearing Baitimore rumored negotiations would that be the to give in and that a conwith the are solidation next now pending looking American toward Rapid thus forming a the Western against Company, Union. offices combination It of was the stated this at the and Ohio it Baltimore morning Company that to the intention of the company reAt the office ican were was main Rapid firm. Company 166 of operators the Amerinc uding out on the day that on duty went to-day, of the the 116 strike. have men Nine hundred out of town offices opened and four hundred operators in had returned to the employ of the Thirty-eight company. all. re-opened brauch offices and city have also a amount of business handled. in have large this been The is reported Western to Union still remain firm, however. The otheials of the Baltimore & Ohio Com. pany have been negotiating with the the strikers for the past two days but as the latter demand a recognition of the Brotherhood as a preliminary to settlement no conclusion has been reached. The Khedive and the Cholera. ALEXANDRIA, July 26.-The Khedive returned to the city from Cairo day. He was greeted with much enthusiasm by the populace. There were 422 deaths from cholera in Cairo yesterday. More and More of it. LONDON, July 26.-Two deaths from cholera occurred at Alexandria, Egypt, yesterday. Additional advices from Durham relative to the death of King Cetewayo at the hands of the insurgents his state that all his wives and many of chiefs were also killed.

3. July 27, 1883 Daily Los Angeles Herald Los Angeles, CA
Article from Daily Los Angeles Herald, July 27, 1883

Click image to open full size in new tab

Article Text

DENVER, July 26.-The Bank of Leadville, of Leadville, Colorado, L. Campbell, President, Geo. R. Fisher, Cashier, assigned this morning to George W. Trimble. Other banks are thought to be not seriously affected. This has long been anticipated.

4. July 27, 1883 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, July 27, 1883

Click image to open full size in new tab

Article Text

DENVER, July 26.-The Bank of Leadville, Leadville, Col., E. L. Campbeil, presideni, assigned this morning. Other Colorado banks are thought to be seriously affected.

5. July 27, 1883 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 27, 1883

Click image to open full size in new tab

Article Text

Bank Failure, Leadville, 26.-The Bank of Leadville collapsed. C. L. Campbell, president, George R. Fisher. cashier, assigned this morning to George W. Trimble. Other Colorado banks, it is thought, are not seriously affected. The failure was long anticipated.

6. July 28, 1883 The Stark County Democrat Canton, OH
Article from The Stark County Democrat, July 28, 1883

Click image to open full size in new tab

Article Text

LATE NEWS. Cetewayo. the African King, has been killed. A subscription was taken up on the Chicago Board of Trade for the striking operators, and $800 realized. The thirty-fifth joint ballot for U. S. Senator from New Hampshire was taken without a result being reached. A man failed in trying to commit suicide at Mansfield, Mass., and next day a railroad train ran over him accidentally. At Sotmar, in Germany, during a thunder storm, a mother and her four children were killed by a single flash of lightning. The steamship Ludwig, of the White Cross Line, from Antwerp, is ten days overdue at Montreal. It is feared her shaft is broken. The Bank of Leadville, Leadville, Colorado, E. L. Campbell, President, has assigned. Other Colorado banks are not seriously affected.

7. August 1, 1883 Delta Chief Delta, CO
Article from Delta Chief, August 1, 1883

Click image to open full size in new tab

Article Text

BANK FAILURE. The Bank of Leadville Placed In the Hands of 18 Receiver. The bank of Leadville closed its doors on the 26th, and petitioned for a receiver. George W. Trimble was appointed recelver, and gave bonds in the sum of $50,000. An approximate statement of the condition of the bank shows $228, 450 assets, and $410,129 liabilities. There was R heavy run on the other Leadville banks, more particulary the First National bank, but they Imported large amounts of coin and currency from Denver, and wjil doubtless pull through.

8. August 2, 1883 Belmont Chronicle Saint Clairsville, OH
Article from Belmont Chronicle, August 2, 1883

Click image to open full size in new tab

Article Text

The Bank of Leadville has assigned, but other Colorado banke are not thought to be seriously affected. New Hampshire Republicans are debating whether the protracted Senatorial struggle is injuring the party. James Smith, of Sparta, Tenn., beat his wife with a chair, when his stepson, David W. Dinges, stoned him, and one of the missiles struck him on the head and killed him. The jury in the case of ex-Treasurer Polk, of Tennessee, found him guilty of embezzlement. They fixed the penalty at imprisonment in the Penitentiary for 20 years and imposed a fine to the full amount of the embezzlement.

9. August 4, 1883 The Superior Times Superior, WI
Article from The Superior Times, August 4, 1883

Click image to open full size in new tab

Article Text

GENERAL. ON he 28th, at Rutland, Vt., John B. Page commenced a suit against Clement & Sons for allege libel in a statement recently published by thm relating to the affairs of the Rutland Railred Company, of which he is president. Damage is laid at $200,000. Thiold New York state capitol which cost $110.00 to build. was sold at public sale on the 2th, and brought $1,000. It must be removei by October 1st, and the material will be used h the erection of a new normal school. A SIORT time ago a mad dog got into a herd of catle belonging to Hans Anderson, in Otoe County, Neb., and bit some of them. Since then nine have died of hydrophobia, and it is beleved many more are afflicted. FROM Wheeling, W. Va., came the news on the 27th that Mrs. Hunter, widow 'of Gen. Huter, minister to St. Petersburg under Presof ident Jackson, King, Pierce's and administration, daughter of Vice had applied President to the city authorities for assistance to reach Wahington, where she expected to find an asyhm in one of the numerous charities. Sheis 74 years old. HD. MONTGOMERY BLAIR, died at his residene at Silver Springs, Maryland, on the 26ti, aged 70 years. THE Ward Iron Company, of Niles, O., assigned on the 26th. Liabilities estimated at $1000,000. A. G. Bentley & Co., bankers and havy creditors, closed their doors owing to thesuspension, but expect to resume in a few days. LOBERT B. BEATH was elected commanderin-chief of the Grand Army of the Republic at a meeing of the vets in camp at Denver, Col., on the 26th. THE Bank of Leadville, Leadville, Col., closed its doors on the 26th. The failure cause a run on the other banks, but they weathered the storm and are all right. The assetsand liabilities of the busted bank are not repoted. OLORED man named Howard, who died at Booklyn. on the 25th. left a fortune of nearlyhalf a million of dollars. HENY frost was experienced in the White Mounains, N. H., on the 25th. THE Canton Lumber Mills Company, of Portland, Me., failed on the 25th. Liabilities $80,000. THEGrand Army of the Republic went into camp in the 24th at Denver, Col. A parade was hild in which over $10,000 veterans par ticipaed. THE Sioux Indians indulged in their annual "Sun Dance" at Rosebud Agency, Dakota, ou the 24h. ST. LOUIS, Mo., is suffering on account of a deficient water supply. THE late Henry L. Kendall, of Providence, R. I. bequeathed $60,000 for the establishmentof a public library in that city. THE surviving members of John Morgan's confederate command held a rermion at Lexington, Ky., on the 25th. S. LIGHTCAP, a wealthy mill owner of Hazel Green, Wis., died on the 24th. ELEVEN deaths from dysentery occurred at Watseka, III., during the week ending July 24th. RICEARD L. DUGDALE, a noted literary light, died of heart disease at New York on the 24th, at theage of 42 years. A YOUNG man named Shipp found a wallet containing $31,000 in large bills under a pillow at a St. Augustine, Fla., hotel on the 24th, and turnet it over to the landlord. Jerome W. Green, of Utica, N. Y., was the owner. WM B. ASTOR has caught the yacht fever and on the 21st contracted for a steel steam yacht, 235 feet in length, to have a speed of fourteen knots an hour, and cost $350,000. THE Arrapahoes and Cheyennes located in the Indian Territory are going into the cattle business. They have now some 800 cows and heifers and twenty-five blooded bulls, and it is calculated that in ten years their stock will be worth $3,000,000. The government is expected to assist them in the meantime.

10. August 8, 1883 Mower County Transcript Austin, Lansing, MN
Article from Mower County Transcript, August 8, 1883

Click image to open full size in new tab

Article Text

in the work of recovering and identifying the dead. A CATTLE and horse disease, unlike anything ever before known is spreading among the animals in the vicinity of Council Bluffs, Ia. The animals are attacked by inflammation of the bowels and die in a few hours. LOUISIANA is now paying her 3 per cent. baby bonds" on presentation at the State National Bank, New Orleans. THE Lancaster Watch Company, Lancaster, Pa., suspended operations temporarily on the 1st. DULLNESS of business caused the discharge of 125 men at the Pennsylvania Railroad Company's shors at Fort Wayne, Ind., on the 1st. JOSEPH PRATT, wholesale boots and shoes, Chicago, Ill., assigned on the 30th. Liabililies estimated at $100,000. MACOMBER & GREENWOOD, dealers in shoee, Boston, Mass., failed on the 30th. Liabilities $50,000. THE shoe factory of Chas. W. Copeland & Co., Boston, Mass., failed on the 28th. Liabilities $750,000. Stedman & Co, shoe dealers, New :York, and W. N. Taler & Co., shoe dealers, Boston, went down with the wreck. A FIVE-YEAR-OLD son of P. J. Vieaux, of Muskego Center, Wis.. 18 an accomplished violiniet and has already composed several pieces. PROF. HOGAN, a balloonist, started on a balloon excursion on the 30th, from Detroit, Mich., crossed Lake Erie and landed in the Maumee River near Waterville, O. ON the 28th, at Rutland, Vt., John B. Page commenced a suit against Clement & Sons for alleged libel in a statement recently published by them relating to the affairs of the Rutland Railroad Company. of which he is president. Damage is laid at $200,000. THE old New York state capitol which cost $110,000 to build, was sold at public sale on the 28th, and brought $1,000. It must be removed by October 1st, and the material will be used in the erection of a new normal school. A SHORT time ago a mad dog got into a herd of cattle belonging to Hans Anderson, in Otoe County, Neb., and bit some of them. Since then pine have died of hydrophobia, and it is believed many more are afflicted. FROM Wheeling, W. Va., came the news on the 27th that Mrs. Hunter, widow of Gen. Hunter, minister to St. Petersburg under President Jackson, and daughter of Vice President King, of Pierce's administration, had applied to the city authorities for assistance to reach Washington, where she expected to find an asylum in one of the numerous charities. She is 74 years old. HON. MONTGOMERY BLAIR, died at his residence at Silver Springs, Maryland, on the 26tb, aged 70 years. THE Ward Iron Company, of Niles, o., assigned on the 26th. Liabilities estimated at $1,000,000. A. G. Bentley & Co., bankers and heavy creditors, closed their doors owing to the suspension, but expect to resume in a few days. ROBERT B. BEATH was elected commanderin-chief of the Grand Army of the Republic at meeting of the vets in cainp at Denver, Col., on the 26th. THE Bank of Leadville, Leadville, Col,, closed its doors on the 26th. The failure caused a run on the other banks, but they wcathered the storm and are all right. The assets and liabilities of the busted bank are not repoted. DR. C.E. YOUNG, of La Porte, Ind., while out riding with his wife on the 23d, cut her throat and stabbed her in about forty different places. She can not survive. The doctor, who is a whisky wreck, is in jail.

11. September 5, 1883 Delta Chief Delta, CO
Article from Delta Chief, September 5, 1883

Click image to open full size in new tab

Article Text

STATE NEWS. Governor Grant has gone to New York and will be absent several weeks. The Pueblo Evening News has reappeared under new management as a seven-column daily. The Colorado Smelting Company's (Eilers) furnace at Pueblo was blown in on the 29th and proved a fine success. Judge Josiah Hibbard, one of Governor Gilpin's appointees, died at Holy Cross on Tuesday. He was 73 years old. Andrew Newman was dangerously if not fatally injured by being caught between the cars at Leadville on the 28th. Anton Hertzel, who killed William Sommers, in Denver, has been denied bail and held for trial for murder in the first degrée. Sergeant A. C. Dobbins, for some years in charge of the signal service in Denver, died at San Diego, California, last Sunday morning. A section hand named Dennis Kelly was cut in pieces by a Denver & Rio Grande freight train at Parkdale on the 25th. He was sleeping on a bridge. The famous Tabor-Bush case has been set for trial in the supreme court Oct. 23d by agreement of counsel. Racy developments are looked for. Gen. C. C. Howell was arrested at Castle Rock on the 29th ult. on a warrant issued on the complaint of Thomas B. Hill, and taken to Leadville for trial. Receiver Trimble of the defunct Bank of Leadville has received permission from Judge Goddrrd to sell the bank building to the proprietors of the new Carbonate bank for $7.000. The heirs of Columbus Weise have begun suit at Boulder against W. A. H. Loveland to recover a one-third interest in the Fanny Barret mine. The interest valued at $33,000. Oil was struck in the well of the Arkansas diaValley the 27th, company, at the in depth the of Canon 960 City feet. trict, on It promises a larger yield than any well previously sunk. Thomas B. Hill, cashier of the City Bank, of Leadville, left that place August 28th for Denver, accompanied by an officer, for the purpose of arresting Gen. C.C. Howell on the charge of criminal libel. It is reported that a fine body of carbonate ore has been struck in the upraise from the drift in the Kitchen shaft of the Morning Star mine,Leadville. The ore is high grade. The breast shows four feet of ore. It is reported that a strike of from three to four feet of fine carbonate ore has been made in the new shaft on the south end of the May Queen claim of the Hibernia consolidation at a depth of 100 feet from the surface. E. W. Shrock, a Knight Templar. returning from the Triennial Conclave at San Francisco, was robbed of his pocket book comtaining 8830 on the Rio Grande sleeping car between Colorado Springs and Denver. On the 27th suit was instituted against the Iron Silver Mining company, of Leadville, or $15,000 damages, and $100 physicians' and other fees, by Austin Moran, a miner, for injurice sustained by him while working in the Iron mine. A boiler explosion occurred on the 28th, in a sawmill belonging to Messra. Barnes & Jones, near Durango. Two of the employes, Mesers. Ballard and Clark, were killed, and the fireman, James Deming, was seriously injured. Warrants have been issued at the instigation of the City Attorney of Leadville to prevent the further construction of the South Park High Line railroad into the city, on the ground that it will obstruct certain streets and alleys. The State Board of Equalization has adjourned without equalizing the taxes, because they were unable to get returns from several counties. In the returns filed a remarkable increase of property valuations was exhibited. Ex-Manager W.S Morse of the Tabor Opera House has sued Tabor for the amount of salary due him on an unexpired contract made with M.N. Tabor. This contract states that Morse shall have ninety days notice of dismissal, hence the suit. The Denver Exposition managers have brought suit for damages in the sum of $1,000 each against Commissioners Gray and Shaw of Arizona. and Read of Montana, for their action in taking down and boxing up their exhibits to the discredit and injury of the Exposition. Secretary Teller states that the government is determined to enforce the order for the removal of all fences unlawfully erected on to protect owners stock the the public the smaller domain by the of stockmen, against and encroachments and persecutions of the larger. The Denver Republican publishes a special dispatch from Red Cliff stating that who were same Edward paying Nottingham attentions and to Wm. the Maddigan, lady, got into a fight on the afternoon of the 28th, in

12. January 21, 1884 The Daily Enterprise Livingston, MT
Article from The Daily Enterprise, January 21, 1884

Click image to open full size in new tab

Article Text

THE LATEST NEWS. The Mexican reciprocity treaty was rejęcted by the senate. A sharp earthquake shock was felt in New Hampshire on Friday. It is rumored on Wall street that Jay Gould has lately lost $20,000,000. The Bank of Leadville has assigned. The chief losers will be the stockholders. Kid Wade, captain ot the Niobrara gang of horsethieves, has been captured by the vigilantes, A Fargo man in Minneapolis was confidenced out of all the money he had by the old express package dodge. An explosion of gas in Boston wrecked a building. broke all the glass for a distance of two squares, and injured several persons. At Springfield, Mass., three masked men entered the county treasurer's office, bound and gagged him and robbed the office of $220 in cash and $150 in checks. Henry Kendall, of Louisville, Ky., and six members of his family were poisoned by "Rough on Rats," which was accidentally used in preparing their food. Two of them will die. At Perham, Minn., August Neutchler, a saloon keeper, was shot and instantly killed by a plasterer, named Steinr. Some say the shooting was in self defense, but still there are threats of lynching. The deceased leaves a wife and eight children. A Washington correspondent says: At the capitol a mass of matter-of northwestern interest and significance has already accumulated, and from a local standpoint of Minnesota, Montana and Dakota, the session promises to be an important one. The widow of the late Simon B. Paige, of Wisconsin, has sued the Cincinnati Commercial-Gazette for libel damages of $150,000. The paper published a long article purporting to be a history of her early life, which showed her in a bad light. Leroy Donovan, convicted of the murder of William Leighton at Rock Sdrings, W yoming, in May last, was hanged at Rawlins on the 18th. Donovan was twenty-three years old, and was also known as John Lee, and by some supposed to be a son of John D. Lee, the Mormon, of Mountain Meadow massaere notoriety. He killed Leighton for his money. Donovan is the first white man ever executed in Wyoming by process of law.

13. January 30, 1884 Mower County Transcript Austin, Lansing, MN
Article from Mower County Transcript, January 30, 1884

Click image to open full size in new tab

Article Text

GENERAL GEN. GRANT on the 23d sent a letter to a New York paper, denying that he and Romero, Mexican commissioner. were interested in Mexican lands or other Mexican enterprises. BUSINESS at Topeka, Kas., is at a stand still on account of the prohibitory laws. VESSEL property to the value of $1,000,000 is frozen in the ice at St. Louis, Mo., and is in danger of damage from a sudden thaw. THE Bank of Leadville, Leadville, Col., suspended on the 22.J. Liabilities $300,000, mostly deposite. THE city conncil of Chicago on the 22d reduced its tax assessment on the exposition building from $1,000 to $500 per annum. The company refused to pay the $10,000 and threatened to tear down the building if payment was enforced P.H. SMITH, of Plymouth, a member of the Wisconsin senate, died on the 22d, aged 51 years. MRS. WM. ASTOR gave a ball at her home in New York on the 21st which in all its appointments eclipsed the great Vanderbilt ball. Nine hundred invited guests participated. JESSE DEAN, the Oshkosh boy, returned to Boston, Mass., on the 22d. He had made a trip to Nova Scotia in a steamer. A TESTIMONIAL subscription is to be presented to Lieut. Rhodes, of the revenue cutter Dexter, in recognition of his heroic efforts to save the lives of those wrecked on the City of Oolumbus. AT Bellaire, O., James Gaffer, a farmer, found $1,000 in gold secreted in an old building log which he was using as firewood. JESSE DEAN, the Oshkosh musical prodigy who mysteriously disappeared at Boston, Mass., a week ago. is supposed to have gone to sea. E. HARPER JEFFRIES, the comptroller of Philadelphia, Pa., died on the 21st. A NEW telegraph company was organized in New York on the 21st, under the name of 'The New York Telegraph Company." " WM. H. GUION, of the firm (of Williams & Guion, owners of the Guion line of steamers between New York and Liverpool, failed for $2,000,000. The partnership was dissolved before the collapse of Wm. H. WILLET BRENSON, a lawyer, New York, assigned on the 19th. Liabilities $650,000. IT is estimated that 20,000 men have been thrown out of work since Jauary 1st in the United States, by reason of dullness of trade. JOHN J. ENGEMAN, a carpenter in moderate circumstances, of Winona. Minn., has fallen heir to $1,000,000 by the death of a brother at Coney Island, N. Y. WESTERN glassware manufacturers on the 18th, agreed to advance the price 10 per cent. They will get the goods in eastern factories. HENRY IRVING, the English actor, has been dined by Chicago society until he was compelled to surrender and on the 18th he was confined to his bed. A SMALL package in the mail from Amsterdam was seized at New York on the 18th. It contained $20,000 worth of diamonds. BUSINESS failures in the United States for week ending the 18th, number 382. AN earthquake shock was felt in North and South Carolina on the 18tb. THE Suffolk County Bank, Patchoque, L. I., failed on the 18th. Liabilities $150,000. ROBERT HARRIS was on the 17th elected to the presidency of the Northern Pacific Railroad in place of Villard, resigned.

14. February 2, 1884 The Superior Times Superior, WI
Article from The Superior Times, February 2, 1884

Click image to open full size in new tab

Article Text

GENERAL BUSINESS failures on the 27th: B. Dubbs & Co., Augusta, Ga., liat ilities 836,000; J. B. Wadsworth, cheese factory, Morrisville, N. Y., liabilities $72,000; D. M. Hawking, wholesale tobacco and cigars, Cincinnati, O., liabilities $30,000; J. H. Betting, general store, Manor, Tex., liabilities $40,000. SMALL-POX is prevalent in the Indianapolis, Ind., jail. Thus far none have proved fatal. JOHN C. NEW, assistant secretary of the treasury, tendered his resignation to the Preeident on the 24th. WM. P. BARD, a lawyer of Reading, Pa., whose fortune a year ago was over $60,000, on the 24th made an assignment, all bis substance having been lost in speculation. AT Concord, N. H., on the 24th, George T. Comins, a prison contractor, failed with liabilities of $140,000. STEPHEN K. LANE, grain merchant, New York, assigner on the 24th. Liabilities $289,079. GEN GRANT on the 23d sent a letter to a New York paper, denying that he and Romero, Mexican commissioner, were interested in Mexican lands or other Mexican enterprises. BUSINESS at Topeka, Kas., is at a stand still OL account of the prohibitory laws. VESSEL property to the value of $1,000,000 is frozen in the ice at St. Louis, Mo., and is in danger of damage from a sudden thaw. THE Bank of Leadville, Leadville, Col., suspended on the 22d. Liabilities $300,000, mostly deposits. The city conneil of Chicago on the 22d reduced its tax assessment on the exposition building from $1,000 to $500 per annum. The company refused to pay the $10,000 and threatened to tear down the building if payment was enforced P. H. SMITH, of Plymouth, a member of the Wisconsin seuate, died on the 22d, aged 51 years. MRS. WM. ASTOR gave a ball at her hon e in New York on the 21st which in all its appointments eclipsed the great Vanderbilt ball. Nine hundred invited guests participated. JESSE DEAN, the Oshkosh boy, returned to Boston, Mass., on the 22d. He had made a trip to Nove Scotia in S steamer. A TESTIMONIAL subscription is to be presented to Lieut. Rhodes, of the revenue cutter Dexter, in recognition of his heroic efforts to save the lives of those wrecked on the City of Oolumbus. AT Bellaire, O., James Gaffer, a farmer, found $1,000 in gold secreted in an old building log which he was using as firewood. JESSE DEAN. the Oshkosh musical prodigy who mysteriously disappeared at Boston, Mass., a week ago. is supposed to have gone to sea. E. HARPER JEFFRIES, the comptroller of Philadelphia, Pa., died on the 21st. A NEW telegraph company was organized in New York on the 21st, under the name of "The New York Telegraph Company."

15. February 7, 1884 The Bolivar Bulletin Bolivar, TN
Article from The Bolivar Bulletin, February 7, 1884

Click image to open full size in new tab

Article Text

The Merchants' and Mechannics' Bank of Leadviile, Colorado, Unable to Stand the Pressure of a Determined Run, Closes Its Doors Only One Bank Left-Serious Failures Anticipated. LEADVILLE, COL., Jan. 30. Another financial trouble engrosses the city. At two o'clock this afternoon the Merchants' and Mechanics' Bank, heretofore considered an exceptionally strong institution, closed its doors, being unable to withstand a run made upon it. The run was started last evening just before the bank closed. The officials were wholly taken by surprise, but paid all demands until the close of banking hours. The Directors then held a meeting to decide upon what course to follow. It was pretty positive that the run would be continued in the morning, and the officials well knew that the bank could not stand it. They endeavored to effect a loan of $50,000 from the First National Bank in Denver. The money was placed in the express office in Denver, so it is said, but before the train left the officials changed their minds and had the gold returned to their the vaults. This morning when bank opened for business a heavy run was commenced, which continued until the last dollar was paid out over the counter. The doors were then closed. The depositors, who were then clamoring for their money were informed that as soon as the South Park train arrived from Denver the bank would open again and pay off all claims. As the expected aid from Denver is not forthcoming it is certain that the bank will never open. The bank was officered as follows: President, L. M. Smith: Vice-President, J. Smith; Cashier, S. Ayres. The bank has been in business four years. Its authorized capital stock was $50,000, which was subscribed and paid in when the bank opened its doors. According to the last annual statement, made a month ago, the average deposits vere$250,000. It was said to have a surplus fund of $7,500; undivided profits, $2,000; real estate to the value of $17,000, and paid average dividendsof eighIt is not thought teen per cent. annually. that over $100,000 were drawn out after the run began, and that the unpaid deposits now amount to $150,000. This amount the officials claim the assets of the bank will fully pay. The failure of the Merchants' and Me chanics' Bank will have more of a disastrous effect upon the business of Leadville than that produced by the collapse of the First National Bank eight days ago. With the Merchants' and Mechanics' Bank the largest business institutions carried their deposits. The failure of the First National was not wholly unannounced, and many of the business men having been forewarned withdrew, their deposits and placed them in the Merchants and Mechanics' before the collapse. They supposed they were making a good move, but it proves not to have benefited them much. The commercial agencies predict a wholesale number of business failures in the immediate future an account of the collapse of the Merchants' and Mechanics' Bank. It is not thought the depositors in the bank will lose much money. The loss will fall upon the stockholders, who compose some of the best known business men in the State. There is now only one bank left in Leadville, and its strength will be tested to the limit to-day, as a disastrous run is ex a new pected to be made upon it. It is bank, with great wealth at its back, and it is thought it will withstand the attacks made on it by scared creditors. A great deal of money was placed in its vaults this evening and $50,000 was started from Denver last evening. The history of the banking business in Leadville for the past few years has probably never before been equaled in any city in the country. Only two weeks ago the city had four banks, and all of them Two were considered in good standing. months previous the Bank of Leadville had failed, but this was considered to be only the result of bad management, not that the business of Leadville was in such a de pressed state that any or all of the banks were liable to go under on the slightest squeeze. Two weeks ago the City Bank of It Leadville made an assignment. was found that the affairs of this bank were perfectly straight and that the depositors were paid dollar for dollar. The assignment was made, it is alleged, owing to the fact that the bank was not paying. A weekagocame the announcement that the First National was in a shaky condition, andra run then made cansed that institution to go under. The loss of $20,000 to the depositors, the flight of President Dewault, the reported stealings, etc., are still fresh in the minds of the public. Now comes the collapse of the Merchants' and Mechanics' Bank. This institution, it was said at the time of the other failures, was on an exceptionally good financial basis, and that there need be no fears that it would go under, and it was amply able to meet any run or demands that might be made upon it, and so it was generally considered. The first intimation of a break was on Tuesday afternoon just before the bank's closing hour, when a small horde of creditors made their appearance at the bank and demanded their deposits.

16. February 8, 1884 The Red Cloud Chief Red Cloud, NE
Article from The Red Cloud Chief, February 8, 1884

Click image to open full size in new tab

Article Text

DOWN WITH THE TIDE. The Merchants' and Mechanics' Bank of Leadvile, Colorado, Unable to Stand the Pressure of a Determined Run, Closes its Doors-Only One Bank Left-Serious Fail sern LEADVILLE, CoL., Jan. Another financial trouble engrosses the city. At two o'clock this afternoon the Merchants' and Mechanics' Bank, hereto fore considered an exceptionally strong institution, closed its doors, being unable to una The "4" uodn ервш uns B Amth was started last evening. just before the bank® closed. The officials were wholly taken by surprise, but paid all demands until the close of banking hours. The Direct tors then held a meeting to decide upon what course to follow. It was pretty positive that the run would be continued in the morning, and the officials well knew that the bank could not stand it. They endeav. ored to effect a loan of $50,000 from the First National Bank in Denver. The money was placed in the express office in Denver, so it is said, but before the train left the officials changed their minds and had the gold returned to then vaults. This morning when the bank opened for business a heavy run was commenced, which continued until the last dollar was paid out over the counter. The doors were then closed. The depositors, who were then clamoring for their money were informed that as soon as the South Park train arrived from Denver the bank would open again and pay off all claims. As the expected aid from Denver is forthcoming it is certain that the bank will never open. The bank was officered as follows: President, L. M. Smith: Vice-President, J. Smith; Cashier, S. Ayres. The bank has been in business four years. Its author SUM *000*09$ SBM stock capital pezi subscribed and paid in when the bank opened its doors. According to the last annual statement, made a month ago, the pies SBM II susodes 088.19AB paptaipun :009'1$ jo punj snld.ins B based of TO enjea equ 01 estate real :000'3$ -4219 pied puu '000'2IS teen per cent. annually. It IS not thought that over $100,000 were drawn out after the run began, and that the unpaid deposits amount to $150,000. This amount the now officials claim the assets of the bank will fully The pay. failure of the Merchants' and Me-) susip B JO олош bave IIIM Bank chanics, trous effect upon the business Oi Leadville than that produced by the collapse of the First National Bank eight days ago. With Merchants' and Mechanics' Bank the the largest business institutions carried their deposits. The failure of the First National JO Auvu pus Mohly you SUM the business men having been forewarned withdrew, their deposits and placed in the Merchants and Methem chanics' before the collapse. They supposed they were making a good move, but it proves not to have benefited them much. The commercial agencies predict a wholesale number of business failares in the immediate future an account of the collapse of the Merchants' and Mechanics' Bank. It is not thought the depositors in the bank will lose much money. The OUM the uodn 11th IIIM I compose some of the best known business State. the u! new There is now only one bank left in Leadville, and its strength will be tested to the -xa st una disastrons B se 'Asp-01 time мәи B SI 4I "II uodn ориш eq of period bank, with great wealth at its back, and it is thought it will withstand the attacks made on it by scared creditors. A great deal of money was placed in its vaults this evening and $50,000 was started from Denver last evening. The history of the banking business in Leadville for the past few years has probably never before been equaled in any city in the country. Only two weeks ago the city had four banks, and all of them Two were considered in good standing. months previous the Bank of Leadville had failed, but this was considered to be only the result of bad management, not that the .ep B dons III SUM Teadame JO business pressed state that any or all of the banks were liable to go under on the slightest squeeze. Two weeks ago the City Bank It of ив was found that the affairs of this bank were perfectly straight and that the depositors were paid dollar for dollar. 18 S! # 'эрвш SEM The leged, owing to the fact that the bank was -sounouus the came 0.58 reem V Payment you ment that the First National was in a shaky condition, and a run then made caused that 000'00$ Jo I The upun. 02 01 ] to the depositors, the flight of President Dewault, the reported stealings, etc., are still fresh in the minds of the public. Now comes the collapse of the Merchants' and Mechanics' Bank. This institution, it was said at the time of the other failures, was on an exceptionally good financial basis. and that there need be no fears that it would go under, and it was amply able to meet any run or demands that might be con- Senerally SUM 7! os puv "If uodn триш sidered. The first intimation of a break was on Tuesday afternoon just before the bank's closing hour, when a small horde of creditors made their appearance at the bank and demanded their deposits.