1434. American National Bank (Pueblo, CO)

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: national
Bank ID: 4108
Charter Number: 4108
Start Date: July 5, 1893
Location: Pueblo, Colorado (38.254, -104.609)

Metadata

Model: gpt-5-mini
Short Digest: 42628641

Response Measures

Full suspension, Books examined

Other: Bank examiner/Comptroller examiners later directed to assume charge; permission to reopen granted after conditions met.

Description

Multiple contemporary articles report a heavy run when the bank opened on July 5, 1893, followed by suspension the same day. Comptroller/examiners later authorized resumption and the bank reopened on Sept 6, 1893. Cause is the broader bank panic/macro financial news and local loss of confidence tied to mining-sector distress; assets were claimed to exceed liabilities but cash shortages forced suspension.

Events (3)

1. July 5, 1893 Run

Cause: Macro News
Cause Details: Part of the nationwide bank panic and shaken confidence in Colorado (mining edict and failures elsewhere) produced heavy withdrawals when bank opened.
Measures: Closed doors, posted notice of assets and liabilities; suspended paying while awaiting collections/realizations on securities.
Newspaper Excerpt: When the American National opened for business a large number of depositors were waiting to take out their money... the crowd grew, and about 10 o'clock the doors were closed.
Source: newspapers

2. July 5, 1893 Suspension

Cause: Macro News
Cause Details: Unable to get sufficient cash to keep up required reserves amid the broader panic and runs; officers asserted assets exceeded liabilities but cash shortage precipitated suspension.
Newspaper Excerpt: The American National Bank has suspended. The assets are placed by the bank's officers at $1,250,000 and the liabilities at $635,000.
Source: newspapers

3. September 6, 1893 Reopening

Newspaper Excerpt: The American National Bank of Pueblo, which suspended payment on July 5 last, resumed this morning. Their day's business resulted in a net gain of $62,000 in cash for the bank.
Source: newspapers

Newspaper Articles (24)

1. July 6, 1893 New-York Tribune New York, NY

Article from New-York Tribune, July 6, 1893

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FAILURES OF WESTERN BANKS. Pueble, Col., July 5.-The American National Bank has suspended. The assets are placed by the bank's officers at $1,250,000. and the liabilities at $635,000. O. H. P. Baxter, ope of the wealthiest men in the State, is president of the bank. It is believed that the bank will be able to resume shortly. There was no excitement among the depositors of the other banks. Topeka, Kan., July 5.-The Finley County Bank, of Garden City, has failed. State Bank Commissioner Breidenthal went to Garden City this morning to investigate. Winnipeg Man., July 5.-Liquidators were appointed on Monday to wind up the business of the Commerclal Bank. which has been declared insolvent. The liabilities are placed at $1,370,000, and assets at $1. 981,116. A part of the latter is not realizable, but the bills of the bank are good under the Dominion law. Howard, S. D., July 5.-Vilas, Christianson & Co.'s bank closed Its doors on Monday. No statement has been made. San Diego, July 5.-Im accordance with instructions from Controller Eckels. the First National Bank of this city, which suspended on June 22. resumed bust ness this morning. Confidence is established and heavy deposits are being made, with no withdrawals.

2. July 6, 1893 The Record-Union Sacramento, CA

Article from The Record-Union, July 6, 1893

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THE BANK PANIC. IT REACHES PUEBLO WITH A VENGEANCE. Four Institutions Close Their Doors in One Day-A Savings Bank at Omaha Goes Under. Special to the RECORD-UNION. PUEBLO, (Col.), July 5.-The bank panic did not reach Pueblo until this morning, and then it came with a vengeance. When the American National opened for business a large number of depositors were waiting to take out their money. The crowd grew, and about 10 o'clock the doors were closed. A notice was posted stating that the bank would commence business again soon, and that the assets were $1,250,000 and the liabilities $650,000. Runs commenced on both the Western National and the First National. The Western National closed its doors before noon. They have deposits of over $1,000,000, and were always considered very strong. Hundreds stood in and about the First National Bank all day, and the depositors were paid as fast as the paying teller could handle them. The general expectation is that the First National will be able to pay its creditors in full when called for, and they cannot be forced to close. The Central National closed at noon. The assets are about $170,000, and the liabilities about $70,000. A run was made on the Pueblo Savings Bank, but they took advantage of the law which allows them sixty days. The bank is regarded as perfectly safe. A much better feeling prevails this evening, and the worst is believed to have passed. Each of the closed banks will pay in full as soon as they can realize on collateral. FAILURES AT OMAHA. OMAHA (Neb.), July 5.-The American Savings Bank has gone into voluntary liquidation, and asked the State Banking Board to wind up its affairs. The action is due to the failure of the American Loan and Trust Company, which was placed in the hands of a receiver this afternoon at the instance of the directors of the concern, the company being the principal stockholder in the savings bank. The failure of the investment company is attributed to the failure of the Omaha and South Texas Land Company and the American Loan Company. The first of the concerns embarrassed had a paid-up capital of $400,000. The savings bank was an offshoot, with a capital stock of $400,000, of which $100,000 was paid up. O. M. Garter is President of both institutions. Since the failure of the McCague Bank the American Savings has effected a reduction of deposits to $9,000, the remaining securities amounting to $253,000 of the best. The total liabilities amounted to but $153,000. Carter gave a mortgage on his residence property yesterday for $50,000, to protect one of the Eastern creditors, from whom no money was secured, No statement of the bank's exact condition can be obtained to-night.

3. July 6, 1893 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM

Article from Santa Fe Daily New Mexican, July 6, 1893

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More Failures. PUEBLO, Colo., July 6.-Three of the national banks of this city failed to open their doors yesterday. They claim that their assets are far in excess of their liabilities, but that their inability to get sufficient cash to keep up the required reserves precessitated suspension for the present. On account of a run, the American National bank of Pueblo has suspended. The assets are$1,250,000;liabilities, about $600,000. Deposits will be paid in full and business resumed in a few days. Kansas City.-Creditors have taken possession of the stock of the Golden Eagle Clothing Co. on a chattel mortgage aggregating $50,000. The liabilities are $90,000 with assets about the same. Topeka, Kas.-The - Finney County bank of Garden City, Kas., has failed.

4. July 6, 1893 Richmond Dispatch Richmond, VA

Article from Richmond Dispatch, July 6, 1893

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Colorado Banks Suspend. [By telegraph to the Dispatch.) PUEBLO, COL., July 5. - -The American National Bank has suspended. The assets are placed by the bank's officers at $1,250.000 and the liabilities at $635,000. O. H. P. Baxter, one of the wealthiest men in the State, is president. It is believed that the bank will be able to resume shortly. because its assets are in good shape. There 18 no excitement among the depositors of the other banks. After the suspension of the American National became known something of a run was started on the First National Bank, but it was ready for everybody, and the run did not last long. It served, however, to frighten two of the other banks. The Central National closed up at once and the Western National closed the moment an unusual number of calls for money ap. peared. These are all sound concerns and their assets are ample, The Central Na. tional has assets of $200,000 and liabilities of $85,000. "The Western can pay all depositors twice and then have enough for all stockholders" is the statement made by its president, W. L. Grabam. FLORENCE, COL., July - The Bank of Florence closed its doors this afternoon after a short run. The bank is a branch of the American National at Pueblo and the closing of that institution caused it to suspend. The assets are claimed to be in excess of the liabilities, and the claim is made that depositors will be paid in full.

5. July 6, 1893 The Morning News Savannah, GA

Article from The Morning News, July 6, 1893

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A PUEBLO BANK CLOSED. Its Assets Estimated at Twice its Liabilities. Pueblo, Cal., July 5.-The American National Bank has suspended. The assets are placed by the bank's officers at $1,250,000 and the liabilities at $635,000. O. H. P. Baxter, one of the wealthiest men in the state, is president of the bank. It is believed that the bank will be able to resume shortly because its assets are in good shape. There is no excitement among tho depositors of other banks. After the suspension of the American National became known something of a run was started on the First National Bank, but it was ready for everybody and it did not last long. It served. however, to frighten two of the other banks. The Central National closed up at once, and the Western National closed the moment an unusual number of calls for money appeared. These are all sound concerns, and theirassets are ample. The Central National has assets of $200,000, and liabilities of $83,000. "The Western can pay all depositors twice, and then have enough for all the stockholders,' is the statement made by its president, W. L. Graham. THE BANK OF FLORENCE CLOSED. Florence, Col., July ..The - Bank of Florence closed doorsthisafternoon, after a short run. The bank is a branch of the American National at Pueblo, and the closing of that institution caused it to suspend. Assets are claimed to be in excess of the liabilities, and a claim is made that depositors will be paid in full.

6. July 6, 1893 The Daily Morning Astorian Astoria, OR

Article from The Daily Morning Astorian, July 6, 1893

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YESTERDAY'S FAILURES. Kansas and Colorado Banks Compelled to Suspend. Pueblo, Col., July 5.-The panic did not reach Pueblo until this morning, Then it came with a vengeance. When the American National opened for bus iness a large number of depositors were waiting to take out their money. The crowd was great, and about 10 o'clock the doors closed. Runs were com menced on both the Western National and the First National. The Western National closed its doors before noon. Sumas, Wash., July 5.-The Bank of Sumas suspended on Monday. No statement has been made, but it is thought creditors will be paid in full. Everett, Wash., July 5.-On account of the inability to realize on securities, the Puget Sound National Bank of Everett suspended today. The suspension is said to be due to the refusal of Eastern banks to honor heavy drafts on the security offered. The bank or ganized last fall ith a capital of $100,000 Winnipeg, July 5.-The Commercial Bank has gone into liquidation. Liabilities, $1,270,000; assets, 1,981,000. The bills of the bank go under the dominion law. Pueblo, Col., July 5.-The American National Bank has suspended. The assets are $1,250,000; liabilities $635,000. It is believed the bank will resume shortly Howard, S. D., July 5.-Vilas, Christianson & Co.'s bank has failed. No statement is given. Garden City, Kan., July 5.-The Finley County Bank has failed.

7. July 6, 1893 The Sun New York, NY

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PUEBLO'S BANKS SUSPEND. THE EDICT OF COLORADO MINE OWN. ERS CAUSES A TEMPORARY SCARE The Confidence or the People is Shaken and They Start a Ren-Three or the Banks Are Sound and May Reopen-Despondency nt Denver Giving Way to Better Feeling. PUEBLO, July 5.-The edict of the mining men last week severely shook the confidence of the people of Colorado. and the failure of small banks in mining towns resulted. The scare crept into the large towns. and this morning the American National Bank of Pueblo opened its doors to find n crowd of depositors waiting to withdraw their money. The bank closed its doors and posted a notico stating its assets to be $1,250,000 and its liabilities $635,000. This started a run on the other banks of the city. and at noon the Western National. the Central National. and the Pueblo savings banks all closed for the day. President W. L. Graham of the Western said to-night that his bank has three times the necessary assets to meet all liabilities. and he regretted very much that he had to close his bank. but deemed It best. When confidence is restored and time 18 given to make collections on outstanding notes the bank will be able to resumo. President D. L. Holden of the Central states that the bank is sound and will certainly resume. The Pueblo Savings Bank has its securities in first-class order and will be only temporarily embarrassed. The condition of the American National is not considered NO bright. and though all its liabilities may he met. It is now not thought that the bank will resume It is a young bank. and its policy has been to bid strongly for business It had for correspondents within the State a number of country banks whose failures crippled 11. President Baxter is one of the most wealthy men of Colorado. and he alone is good for all the liabilities. The fear is maining ground that these bank failures may drag down prominent firms. not only in this city but in every section of the State. Colorado has resources enough to meet all its obligations.

8. July 6, 1893 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, July 6, 1893

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PUEBLO BANKS CLOSE. Runs Are Made on Them and Three Shut Their Doors. PUEBLO, Colo., July 5.-The bank panic did not reach Pueblo until this morning, then it came with a vengeance. When the American National bank opened for business a large numbar of depositors were waiting to take out their money. A notice posted up stated that the bank would commence business again soon and that its assets were $1,250,000 and liabilities $650,000. Runs commenced on both the Western National and First National. The Western National closed its doors before noon. They have deposits of over $1,000,000 and were always considered very strong. Hundreds stood in and about the First National bank all day and depositors were paid as fast as the paying teller could handle them. The general expectation is that the First National will be able to pay creditors in full when called for and that they cannot be forced to close. The Central National closed at noon. Assets abount $170,000 and liabilities about $70,000. A run was made on the Public Savings bank but they took advantage of the law which allows them sixty days. The bank is regarded as perfectly safe. There is a much better feeling this evening and the worst is believed to be past. Each of the closed banks can pay in full as soon as they can realize on collateral. The Bank of Florence, at Florence, Colorado, closed its doors today. It was a branch of the American National Bank of Pueblo. Assets and liabilities are unknown but it is claimed creditors will be paid in full.

9. July 6, 1893 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, July 6, 1893

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FIRMS BORNE DOWN. World's Fair Enterprises Begin ning to Come to Grief. CHICAGO, July 5.-Matthew J.Swatek one of the stockholders in the World's Fair Captive Balloon company, filed a bill in the circuit court today, asking that a receiver for the company be ap. pointed. Judge Collins appointed C. B. Mason to take charge of the come pany's affairs. The capital stock of the company is $50,000 divided into $1,000 shares, which, it is claimed, is being dissipated by its management. PUEBLO, Col., July 5.-The American National Bank of Pueblo closed its doors this morning. Assets, $1,250,000, liabilities, $635,000. The bank was unable to realize on its securities. O.H. P. Baxter, president of the bank, is on of the most prominent and wealthy men of Colorado, and its directors include some of the leading wholesale mero chants of the city. No runs occurred on the other banks. CHICAGO, July 5.-Mandel Bros. havi filed a bill in the circuit court asking that a receiver be appointed to taki charge of three hotel establish ment levied on Monday by the complainant, to secure a contession of judgement for $5s,323 by Arthur V. Lee. The hotela are the Pullman, the Inverness and the Harvard. All three hotels were estab lished by Lee to accommodate guest visiting the world's fair, but the busi ness has failed to meet the expectas tions. KANSAS CITY, July 5.-Creditors to day took possession of the stock of the Golden Eagle Clothing company ori chattel mortgages aggregating $50,000. The liabilities are $90,000, with assets about the same. SYRACUSE, July 5.-A. L. Jones & Co., grocers of this city, railed today, Liabilities, $20,000; assets, $40,000. TOPEKA, Kan., July 5.-The Finney County bank. of Garden City, Kan., has tailed. It is a state bank, and State Bank Commissioner Breidenthal went to Garden City this morning to investigate. SAN DIEGO, Cal., July 5.-In accorda ance with the instructions of Comp troller Eckels, the First National bank of this city, which suspended on June 22, resumed business this morning. Ab; solute confidence is established, and heavy deposits are being made with no withdrawals, OMAHA, Neb., July 5.-The American Loan and Trust company of this city, O. M. Steward president, went into the hands of a receiver today by request of the stockholders. The company has P. paid-up capital of $100,000, and was considered sound.

10. July 7, 1893 The Herald Los Angeles, CA

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BANKS. Comptroller Eckels' Information Abont Suspended Institutions. WASHINGTON, July 6.-The comptroller of the currency is informed that the First National bank of Los Angeles, Cal., and the Southern California National bank of the same place, which suspended recently, will open their doors for business again within 8 few days. The comptroller is informed that the First National bank of San Diego, which reopened for business yesterday, received deposits to the amount of $25,000, as against withdrawals to the amount of $8000. This is regarded as evidence of returning confidence. The Washington National bank of Spoliane reopened for business this morning. Comptroller Eckels states that the information given out in his office yesterday that he directed Bank Examiner Wilson to take charge of the First National bank of Albuquerque, N. M., was a mistake. The name of the failed institution, is the Albuquerque National bank. F ve national banks failed yesterday and this morning. as reported to Comptroller Eckels. They were the American National bank of Pueblo, Colo., the Central bank of Pueblo, Colo., the Puget Sound National bank of Everett, Wash., the National Bank of Ashland, of Ashland, Neb., and the First National bank of Winslow, N. C. Comptroller Eckels has directed Examiner Brown to assume charge of the two above named failed banks at Pueblo: Examiner Horine, of the failed Ashland bank; Examiner Cleary, of the failed Everett bank; Examiner Cascadon, of the failed Winslow, N. C., bank. OMAHA, Neb., July 6.-The American Savinga bank has suspended. Deposits, $153,000; assets, $259,000. WATERTOWN, N. Y., July 6.-A run was started on the Jefferson County Savings bank today. The bank continued paying all demanda after closing hours and it is believed the run is over.

11. July 7, 1893 The Morning Call San Francisco, CA

Article from The Morning Call, July 7, 1893

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play a part in the selection of the Speaker. The announcement that there is a possibility that Bland may be replaced as chairman of the Committee of Coinage, Weights and Measures has them to renewed efforts. Stories of an attempted combination between the free silver advocates and the Populists to place a candidate for the speakership in the field unless they have an assurance from Crisp that Bland will be retained at the head f"the committee are floating about. but are not generally credited, for, though it is openly said by some that Bland will not again be chairman of the committee, there are no facts that would warrant such an assertion. Crisp has not even intimated such a thing. Among the more conservative the impression is that Bland will lead the committee. This would not, however, indicate that the entire committee will remain. It is known that Crisp has made absolutely no pledges one way or the other. Senator Harris, President pro tem. of the Senate, says there will be filibustering in the Senate against the bill to rapeal the Sherman law. Comptroller Eckels states that from information given out in his office yesterday he directed Bank Examiner Wilson to take charge of the First National Bank of Albuquerque, N. Mex., through a mistake. The name of the failed bank is the Albuquerque (N. Mex.) National Bank. Five national banks failed yesterday and this morning, as reported to Comptroller Eckels. They were: The American National Bank of Paeblo, Colo.; Central National Bank of Pueblo, Colo.; Puget Sound National Bank at Everett, Wash.; National Bank of Ashland, Ashland, Nebr., and the First National Bank of Winston, N. C. Comptroller Ecke's has directed Examiner Brown to assume charge of the two above-named failed banks at Pueblo, Examiner Horine of the failed Ashland Bank, Examiner Cleary of the failed Everett Bank and Examiner Carscadon of theifailed Winston Bank. The Comptroller of the Currency has been informed that the First National Bank of Los Angeles and the Southern California Bank of the same place, both of which suspended recently, will open their doors again for business within a few days. The Comptroller has also been informed that the First National Bank of San Diego, which reopened for business yesterday, has received deposits to the amount of $25,000, as against withdrawals to the amount of $8000. This is regarded as evidence of returning confidence. The Washington National Bank of Spokane reopened for business this morning. The gold in the treasury now amounts to $96,778,943.

12. July 7, 1893 The Sun New York, NY

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THE CRISIS IN COLORADO. DENVER BANKERS REFUSE TO CASH CHECKS ON EASTERN BANKS Unbounded Confidence that Pueble's Sus. pended Banks win Resume-Guarding Bank Resources in View or Possi. bio Rene-Frouds of Salida Financiers, DENVER. July 6.-Senator Waleott to-day said: "I cannot talk on the financial situation now. We are looked upon as extremists. any wav. I think the condition of the country is extremely critical just now. and I hope some way will be found to relieve the tension in the East and restore confidence. The Eastern creditors must not force too hard the collection of Wostern sureties at this time. and if they are cautious we shall be saved from terrible disaster and ruin. Our State is full of resources. and with returning confidence we will meet all obligations." A strange feature of the situation in Denver to-day was the refusal of all the banks to cash checks drawn on Eastern banks. no matter how well they were endorsed by local people. Some of the banks have hung out a sign reading: "Checks on country banks received for collection. but not for deposit." Tourists from the East experience no end of difficulty in getting currency on drafts, checks. or letters of credit for this reason. The Denver banks are guarding their resources most carefully in anticipation of a possible run. Pueblo people are showing unbounded confldence in the three suspended banks. Half of the merchants in town to-day advertise to accept checks on any bank. whether suspended or not. and the same rule applies nearly everywhere. Speculators are trying to buy deposits at a discount. but they report no success. excent with very small depositors. The American National Bank management is being praised for closing so promptly under the circumstances. They could have continued longer by closing on a number of firms they carry. but they preferred the course they took. It is said they have $125,000 cash ready for opening when the panic is over. The Western National paid out nearly all the cash on hand. and made special arrangements to pay 1,000 Colorado Smelter pay checks. yesterday being pay day there. The First National withstood A persistent run yesterday. In the crowd were a large number of Bohemians, Italians. and Chinese with certificates of deposits of from $.00 to $300 each. Small amounts were paid in silver and large amounts in gold. No withdrawals of large deposits were made. and the bank gives out the statement that it can contiaue under the present conditions easily. It received some money trom the East this morning. It is estimated that the deposits withdrawn from the various banks of Pueblo in the last sixty days amount in the aggregate to $1,000.000. When banking hours came to an end all the runs had ceased. and the feeling of confidence was growing more substantial. At Salida the First National reopened. and $15,000 of deposits were returned to the bank. The Jefferson County Bank. at Golden. will reopen on next Monday. and the business will be conducted by C. J. Schell. Deputy County Treasurer. The assets foot up $110,000. and the liabilities $70,000. The only serious bank failure is that of the Chaffee County Bank. a private institution in Salida. William E. Robertson. the manager of the bank. was taken suddenly ill. but this did not prevent his arrest. Immediately after the closing of its doors an investigation was made. and it was found that the bank's liabilities amounted to about $61,000 and its immediate available assetsto 8800. A further Investigation brought to light the fact that there had been considerable money in the bank a few days before the failure. It was estimated that there was $31,000 in cash and gilt-edged securities on hand. Where this has disappeared to was the question. Several of the bank directors remembered that Elmer E. Williams of Denver had recently been in Salida. He was formerly connected with the bank. and he and Robertson were fast friends. In January last he came to Denver and opened a Colorado Bureau of Information with Irwin Mahone as assistant and himself as Secretary and Treasurer. He was arrested late last night and taken to Salida. where he will be tried for conspiracy to defraud.

13. July 7, 1893 The Roanoke Times Roanoke, VA

Article from The Roanoke Times, July 7, 1893

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The Assets Are Double the Liabilities. PUEBLO, Col., July 6.-The American National bank has suspended. The assets are placed by the bank's officers at $1,250.000 and the liabilities at 6635,0 There is no excitement among the depositors of the other banks.

14. July 7, 1893 New-York Tribune New York, NY

Article from New-York Tribune, July 7, 1893

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FAILURES OF WESTERN BANKS. A FEW MORE SUSPENSIONS REPORTED-TWO BANKS RESUME AGAIN. Omaha, Neb., July 6.-The American Savings Bank suspended this morning with deposits of $133,000 and assets of $239,000. It was involved in the embarrassment of the American Loan and Trust Company. through the latter's enterprise, the Omaha and South Texas Land Company. Everett. Wash., July 6.-On account of inability to realize on securities the Puget Sound National Bank. of Everett. suspended yesterday. The suspension is said to be owing to the refusal of Eastern banks to honor heavy drafts on security affirmed. No statement is yet made. The bank's capital is $100,000. Worthington, Minn., July 6.-The Noble County Bank closed its doors yesterday morning, and its owner, Peter Thompson. made an assignment. Several thousand dollars of county money are tied up. Sumas, Wash., July 6.-The Bank of Sumas suspended payment on Monday. No statement was made. but it is thought creditors will be paid in full. Topeka. Kan., July 6.-Two Kansas banks closed their doors yesterday. The failure of the Finney County Bank, at Garden City, was not unexpected. as the bank has for "Some time been in bad condition. The bank of Leroy, Coffey County, also closed. Washington, July 6.-The Controller of the Currency is informed that the First National Bank of Los Angeles, Cal., and the Southern California Bank of the same place. which suspended recently, will few open their doors for business again within a days. Controller Eckels is adopting precautions in all cases where suspended banks apply for permission to resume. to make sure that the banks are put on an absolutely sound basis before the request is granted in order to guard againt a second suspension within a short time. The Controller is informed that the First National Bank of San Diego, Cal. which reopened for business yesterday, received deposits to the amount of $25.000, as against withdrawals to the amount of $8,000. This is regarded as an evidence of returning confidence. The Washington National Bank of Spokane reopened for business this morning. Controller his Pckels states that the information given out m office yesterday that he had directed Bank Examiner Wilson to take charge of the First National Bank of Albuquerque, N. M., was a mistake. The name of the failed bank was the Albuquerque, N. M., National Bank. Five National banks failed yesterday and this morning, as reported to Mr. Eckels. They were the American National Bank of Pueblo, Col.: the Central National Bank of Pueblo, Col.: the Puget Sound National Bank, of Everett. Wash.: the National Bank of Ashiand, Neb., and the First Na tional Bank of Winston, N. C. Controller Eckels has directed Examiner Brown to assume charge of the two banks at Pueblo. Examiner Horine of the Ashland bank, Examiner Cleary of the Everett bank and Examiner Carskadon of the Winston bank.

15. July 13, 1893 Echo De L'ouest Minneapolis, MN

Article from Echo De L'ouest, July 13, 1893

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e Faillites de Banques et autres depuis quelques jours -Edw. J. Binford de Denver,Col., a fait faillite. Passif 218,000 dollars. L. Banque of Lesueur, de Le sueur, Minn., a ferme 8°B portes. Passif 225,000 dollars. La Albuquerque National Bank d'Albuquerque, N. M, a suspendu ses paiements. L'American National Bank de Puibla, Col., a déposé son bilan. Fermée est la Puget Sound Na tional Bank de Everett, Wash. La National Bank of Ashland, Neb., a fait faillite, ainsi que la First National Bank de Winston, N. C. M. Ward banquier de Forestville N, Y. g'est suicidé et il parait que le déposants ne verront ja mais grand chose de leurs 100,000 dollars. La Northern National BaLk de Big Rapids, Mich, a fermé ses portes. La Lloyd's National Bank de Jamestown N. D. a suspendu ses paiements. La "Normania Society" de Min neapolis a fait faillite. Passif 75,000 dollars. John L. Davie, banquier d'Auburn, Ill la Thorton Banking House de Shelleyville, Ill., et la Holt county of O'Neil, Nebraska ont fait faillite. Insolvables sont: L'Arkansas State Bank de Stuttgard. La Farmers et Traders Bank de De Wett, Ark. La Chamberlin Investement Co. de Denver, Col. A. Y. Davidson et Co. banquiers de Philadelphie, Pa. La State Bank de Shurbert Neb. La North Galveston Loan et Investement Association de Galveston Texas. La Kangas City Safe Deposit et Trust Co. de Kansas City, Mo., au capital de 300,000 dollare. Passif 1,700,000 doliars.

16. July 15, 1893 Chicago Eagle Chicago, IL

Article from Chicago Eagle, July 15, 1893

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NATIONAL BANKS COLLAPSE. Five More Placed in Charge of Examiners -Other Business Troubles. Five national banks failed Thursday, as reported to Comptroller Eckels. They were; The American National Bank of Pueblo, Col. : the Central National Bank of Pueblo, Col.: the Puget Sound National Bank of Everett, Wash.: the National Bank of Ashland, Ashland, Neb.; and the First National Bank of Winston, N. Y. Comptroller Eckels has directed Examiner Brown to assume charge of the two failed banks at Pueblo, Examiner Hovine of the failed Ashland bank. Examiner Cleary of the failed Everett Bank. and Examiner Carskadon of the failed Winston Bank At Omaha. the American Savings Bank suspended. with deposits of $153,000 and assets of $259,000. It was involved by the embarrassment of the American Loan and Trust Company, through the latter's enterprise, the Omaha and South Texas Land Company. L. C. Lock & Co., merchants of Alma. Ark., have been closed up on attachments aggregating $20.000. Receivers were appointed for the Northwestern Hardware Company. an Illinois corporation. with offices in Philadelphia

17. July 29, 1893 The Bessemer Indicator Pueblo, Bessemer, CO

Article from The Bessemer Indicator, July 29, 1893

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The Pueblo Banks. e In interview with officers of the suspended banks of Pueblo the INDICATOR learns the following relating to their actions in the immediate future: H. L. Holden, cashier of the Central said that the scheme adopted by the Denver banks would suit the Central very well. That while the time was rather long, yet the bank would have no intention of holding depositors off any longer than was necessary to realize on their securities. Their depositors will be asked at once to bring in their pass books and have accounts balanced. The plan of paying off in fifths, once every three months beginning with March 1, 1894, was not decided upon as yot. Cashier C. E. Saxton of the Western thought the Denver scheme a good one but as yet no proposition had been submitted to depositors. The plan, if agreed upon by depositors, might be modified to make it easier on their customers. One good feature would be that the time given the bank to pay off accounts would make it easier on those owing the bank, as notes for collection would not be pushed SO strenuously. Cashier Robert Gibson and Assistant Cashier S. F. Crawford of the American were not impressed with the plan proposed in Denver as published elsewhere in these columns. The American was getting in good shape and would be prepared to meet their depositors in a very short time.

18. August 20, 1893 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, August 20, 1893

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Will Resume. PUEBLO, Col., Aug. 19.-Bank Examiner J. Sam B rown today gave permission to the Central National bank, which suspended July 15, to resume business Monday morning. The American and Western National banks, which suspended the same day, have received permission from Comptroller Eckels to resume, and are rapidly complying with the conditions required.

19. August 20, 1893 The Herald Los Angeles, CA

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Pueblo Banks Resuming. PUEBLO, Colo., Aug. 19.-Bank Examiner J. Sam Brown today gave permission to the Central National bank which suspended July 15th to resume business Monday morning. The American and Western National banks which suspended the same day have received permission from Comptroller Eckles to resume and are rapidly complying with the conditions required.

20. August 24, 1893 The Middleburgh Post Middleburg, PA

Article from The Middleburgh Post, August 24, 1893

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LATER NEWS WAIFS. FINANCIAL AND COMMERCIAL. The People's National Bank, of Winston, N. C., capital $100,000, has suspended. Lerears, La, was surprised by the suspension of all the banks in the city. They were the First National and Lemars National, with a capital of $100,000 each, and and the Lemars State and German Savings Banks. Notices were posted on the doors that the suspensions are due to inability to realize OR assets, but that all depositors will be paid. The First National Bank of Anthony, Kan., which suspended payment in July was permitted to reopen its doors to business. The Waxahachie National bank of Waxahachie, Tex., which suspended payment August 11, was permitted to resume business. PUEBLO, CoL-Bank Examiner J. Sam Bro wn has given permission to the Central National Bank, which suspended July 15. to resume business. The American and Western national banks, which suspended the same day, have received permission from Comptroller Eckels to resume and are rapidly complying with the conditions required.

21. August 24, 1893 New-York Tribune New York, NY

Article from New-York Tribune, August 24, 1893

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posed upon It by the Controller of the Currency, and its capital stock being unimpaired, (was to-day permitted to reopen its doors for business. The American National Bank of Pueblo, Col., and the Waupaca County National Bank of Waupaca, Wis., which suspended payment on July 5 and August 2 respectively, have also been authorized to resume business. The former will resume on Monday, September 4, and the latter on Monday, August 28.

22. September 7, 1893 The Sun New York, NY

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A Pueblo Bank Resumes. PUEBLO, Sept. 6.-The American National Bank of Pueblo, which suspended payment on July 5 last. resumed this morning. Their day's business resulted in a net gain of $62,000 in cash for the bank. no withdrawals of deposits having been made.

23. September 9, 1893 Baxter Springs News Baxter Springs, KS

Article from Baxter Springs News, September 9, 1893

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THE LATEST. THE pension bureau has ordered that the cases of all suspended pensioners shall be gone over again to see if there was reasonable cause for such action. THE American national bank, of Pueblo, with a capital and surplus of $350,000 and deposits of $675,000. has reopened. AT the A. R. national encampment, Capt. Jack Adams, of Massachusetts, was elected commander-in-chief by acclamation. MUCH anxiety is felt in Egypt because the Nile has as yet shown nosign of rising. Hon. JOSEPH CHAMBERLAIN will leave England for the United States September 27. SERIOUS riots of striking miners are reported from England and Wales. At Chesterfield, Derbyshire, the mob only dispersed after the reading of the riot act in the presence of troops. Soldiers were called out at Trimble, Wales, The scarcity of coal wasseverely felt by railways. THE interior department has decided to establish one more registration booth for the strip, which will be located at Cantonment. THE long fight over the house rules was ended on the 6th by the adoption of the committee report, after it had receded from its position reducing the number of members required to constitute a quorum of the house in committee of the whole. Two American women were taken captive by Achinese pirates who boarded a steamship in the China seas. The Dutch government had taken steps to rescue them and punish the marauders. Eighteen lives were lost by passengers of the vessel swamping a boat in efforts to escape. ADAM ITZEL, Jr., musician and composer, died at Baltimore, Md., of consumption. Itzel was probably best known by his comic opera, "Tar and Tartar." APPARENTLY Judge Goggin's order restraining Sunday closing of the world's fair will stand till the end of the fair, Judge Ewing having declined to interfere. THE convention of Catholic editors at Chicago adopted resolutions condemning the publication of anonymous attacks on high Catholic personages and approving the attitude of Satolli towards the public schools. THE London Chronicle's correspondent at Cairo says that he has it on excellent authority that the khedive will visit England in the spring if he is assured by the British government that his visit will be welcome.

24. September 14, 1893 The Worthington Advance Worthington, MN

Article from The Worthington Advance, September 14, 1893

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WEST AND SOUTH. ROBERT LITTLE and Marion Weaver were killed in a railway collision at Rarden, o., and George Glascow was fatally injured. IN convention at Des Moines the Iowa populists nominated J. M. Joseph, of Creston, for governor; E. A. Ott, of Des Moines, for lieutenant governor; A. W. C. Weeks, of Winterset, for supreme judge, and Mrs. E. J. Woodrow, of Marshalltown, for school superintendent. The platform demands free coinage of silver, the abolition of trusts, denounces attacks on pensioners, and favors the taxation of mortgages and the present state prohibition law. JOHN H. BOYD and wife were killed by an explosion of a boiler at Hart's Creek, W. Va. THE time for a mile on a bicycle, flying start, was lowered 13-5 seconds at Columbus, o., by John S. Johnson, of Syracuse, N. Y. Johnson's time was 3:07 1-5. AT Smithwyn, S. D., Marshall Bosworth, a farmer, poisoned his wife, three children and himself with strychnine. No motive was known. IN an explosion at Shelburn, Ind., thirteen miners were injured, five of them fatally A CIRCUS train was wrecked a mile from Grass Valley, Cal., and Andrew Hirst and Henry Jones were killed and six other men were injured. BUSINESS was resumed by the American national bank of Pueblo, Col., and banks at Omaha, Neb., and Mankato, Minn. THE report of Adjt. Gen. Gray at the Grand Army encampment at Indianapolis showed that the order had gained 56,363 members during the year, and lost by death, discharge and suspension 59,025, The total membership in good standing is 307,223. During the year the order disbursed $297,000 in charity. John G. Adams, of Lynn, Mass., was elected commander in chief for the ensuing year and the encampment next year will be held at Pittsburgh. IN Kalamazoo, Mich., Mrs. Sarah Wilson celebrated her 102d birthday at the home of her daughter, Mrs. Willliam Skinner. W. F. CROW and his son Clinton and J. B. Burke-were killed in a quarrel at Rocky Comfort, Ark., over a corn cob pipe. CHARLES ALLEN'S house was destroyed by fire at Gladwin City, Mich., and Allen perished in the flames while trying to secure $1,000 in money hidden in the building. THE last of the pensioners of the war of 1812 at the Chicago agency, Benjamin Churchill, died in Galesburg, III, aged nearly 100 years. THE world's bicycle champion, A. A. Zimmerman, went a mile at Springfield, O., in 2:05. 3-5 breaking his previous "ecord.