1437. Central National Bank (Pueblo, CO)

View Charter #2541 on SPMC

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: national
Bank ID: 2541
Charter Number: 2541
Start Date: July 5, 1893
Location: Pueblo, Colorado (38.254, -104.609)

Metadata

Model: gpt-5-mini
Short Digest: c112edd8

Response Measures

Full suspension, Books examined

Other: Comptroller/examiners directed to assume charge; permission to reopen granted by examiner/Comptroller.

Description

Multiple contemporaneous articles (July 5–7, 1893) report heavy withdrawals and a run on Pueblo banks; Central National closed at noon (reported July 5). Later reporting shows the suspended national banks (including Central National) were formally in the hands of examiners/Comptroller and a suspension date is cited as July 15 in resumption notices. Permission to resume was granted Aug 19, 1893. I therefore classify as a run that led to suspension with subsequent reopening. OCR inconsistencies in some pieces (e.g., 'suapended' for 'suspended') corrected.

Events (5)

1. July 6, 1881 Chartered

Source: historical_nic

2. July 5, 1893 Run

Cause: Local Banks
Cause Details: Run in Pueblo triggered by the suspension/closure of the American National and general bank panic, producing heavy withdrawals at Central National.
Measures: Closed doors at about 12:00 and posted notice; paid depositors as far as cash on hand permitted (reports indicate closure to give even chance).
Newspaper Excerpt: The Central National closed at noon. Runs commenced on both the Western National and the First National.
Source: newspapers

3. July 15, 1893 Suspension

Cause: Local Banks
Cause Details: Initial run/withdrawals following American National's suspension and broader panic forced suspension; inability to obtain sufficient currency/realize on paper led to suspension and examiners taking charge in some reports (Comptroller directed examiners to assume charge).
Newspaper Excerpt: Central National bank, which suspended July 15, to resume business Monday morning (permission given Aug. 19).
Source: newspapers

4. August 19, 1893 Reopening

Newspaper Excerpt: Bank Examiner J. Sam Brown today gave permission to the Central National bank, which suspended July 15, to resume business Monday morning (Aug. 19).
Source: newspapers

5. January 15, 1898 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (24)

1. 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.

2. July 6, 1893 Grand Rapids Herald Grand Rapids, MI

Article from Grand Rapids Herald, July 6, 1893

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COULD NOT GET CASH. The Solvent Pueblo Banks Were Forced to Suspend. PUEBLO. Colo., July 5. -The American National bank was not opened this morning Notice on the door stated that the bank will resume as soon as it can secure money on its paper. The suspension was a general surprise and a large number of depositors will have to wait a couple of weeks for their money. The bank has assets of over a million and a quarter, yet could not get hold of sufficient currency on any terms, to keep going and closed in order to give every. body an even chance. Liabilities, in eluding deposits, are $630,000. The officers are men of large individual wealth and excellent standing. O.H. P. Baxter is president, and Robert Gib son cashier. Either of them could carry the bank's debts if it were possible to raise money in the usual ways. The affair is in no sense a failure. as all the depositors are sure of their money as soon as an adjustment of af fairs can be made. After the suspension of the American National became kn onn something of a run was started on the First National bank but as there is not a more solid institution in the state. and as it was ready for every body, 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 that an un usual number of calls for money ap peared These are all sound concerns and the ameta are ample. The Central National has assets of $200,000 and lia bilities of $85,000. Its president. D.L. Holden, is a man of large property The Western can pay all depositors twice and then have enough for all stock holders. This statement in made by the president. W. L. Graham.

3. July 6, 1893 The Times Richmond, VA

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In Receiver's Hands, OMAHA, NEB., July .-The - American Loan and Trust Company of this city, O. M. Carter, president, and C. S. Montgomery, vice-president, went into the hands of a receiver this afternoon at the request of the stockholders. The company has a paid up capital of $100,000, has done a good business, and has been considered a sound institution. The cause of the failure was the failure yesterday at Houston, Texas, of the Omaha and Houston Improvement Company, a town-development enterprise, in which the American Loan and Trust Company had $250,000. The directors of the American Savings Bank, controlled by the American Loan and Trust Company, requested the State Bank Examiner to take charge of the bank when the receiver of the trust was appointed. Carter and Montgomery assert that the institution will resume when relieved from the present embarrassment. They say they have two dollors of good assets for one dollar of indebtedness. Deposits in the institution amounts to $295,000. Other Banks Frightened. PUEBLO, COL., July 5.-After the suspersion 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 to frighter , WO 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 assets are ample. The Central National has assets of $200,000 and liabilities of $85,000. "The Western can pay all depositors tvice and then have enough for all stockholders," is the statement made by its president, W. is. Graham. Florence Bank Closed. FLORENCE, COL., July 5.-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. Assets are claimed to be in excess of the liabilities, and the claim is made that the depositors will be paid in full.

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 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.

6. July 7, 1893 The Weekly Tribune Great Falls, MT

Article from The Weekly Tribune, July 7, 1893

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A BANK SCARE. Fueble Banks Experience a Run-Three Succumb to the Strain. PUEBLO, Col., July 5. The bank panie did not reach this city until this morning. But then it came with a vengeance. For a week or more past large withdrawals have been made from the banks almost daily, and the American National when it opened for business this morning found a large number of depositors waiting to take out their money. The crowd continued to grow and it soon became evident that with the ready cash on hand they could not hold out much longer and about 10 o'clock the doore 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 liabil ities 8650,000. Runs had already commenced on both the Western National and First National. The Western National closed its doors before noon. They have deposits of over a million dollars and have always been considered very strong. The Central National closed at noon. This bank does a light business, but the withdrawale of deposits had been SO heavy of late that they could not stand any further run and they thought it best to close. Their assets are about 870,000 and liabilities about $70,000. A sort of a run was also made of the Pueblo Savings bank, but they took advantage of the law which allows them sixty days and the bank IS regarded as perfectly safe, There is a much better feeling this evening and the worst is believed to be past.

7. 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.

8. 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.

9. July 7, 1893 Rock Island Daily Argus Rock Island, IL

Article from Rock Island Daily Argus, July 7, 1893

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ABBREVIATED TÈLEGRAMS. Senator Mills, of Texas, says the financial trouble was caused purposely by the banks and that the price of silver will not improve. It is asserted at Chicago, and the beneflciary does not deny the story-that R. J. Smith, secretary and general manager of the Traders' Insurance company, will be appointed postmaster. Reporters in all the great cities are interviewing the passing congressman with great industry, but all they get is the assurance that Cleveland did well in calling the extra session and that congress will surely-do something. Basil Lockwood, the colored hero of the Ford's theatre disaster, has been presented with a gold watch. Lockwood is the man who climbed to one of the back windows by means of a telegraph pole and so held a ladder that about twenty-five frenzied clerks got out. President Cleveland is laid up with rheumatism in his foot and knee at Gray Gables. Near Belknap, Ia., two men were found horribly mangled on the railway track. Theodore Lemet will die and the other is unconscious. It is supposed they were stealing a ride and were shoved off the train. Three of the six national banks of Pueblo, Colo., have closed their doors-American National, Western National, and Central National. Seven hundred live larks constituted the queer present lately sent by the king of Italy to the German emperor. Lord Randolph Churchill, who had been a "moderate," has become a teetotoller. Edgar Scott. of Philadelphia, son of the late Thomas Scott, will visit Sweden and Norway this summer in his yacht. On reaching the age of 21 in August last he came into an income of $1,000,000, and shis will be doubled when he is 25. The Wellston (O.) Furnace company, owned principally by Forsythe, Hyde & Co., of Chicago, has been placed in the hands of a receiver. Elmer E. Williams, of the Colorado state bureau of information, has been arrested, charged with having in his possession $31,000 of the funds of the Chafee County bank, which recently failed at Salida. The bank gave up business under very peculiar circustances. Vice President Stevenson and a party of his personal friends will leave Chicago by the Santa Fe railway Monday night, the 10th inst., for a tour of the Pacific coast and Puget sound country. The Illinois board of health has chosen Dr. William E. Quine, of Chicago, president, and Dr. F. W. Scott of Evanston, secretary. The Missouri judges who refused to execute the law in the cases against Missouri counties which repudiated their debts have been released pending a vote to decide whether said counties will pay 50 per cent.

10. July 13, 1893 The Middleburgh Post Middleburg, PA

Article from The Middleburgh Post, July 13, 1893

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LATE TELEGRAPHIC JOTTINGS BOTH FROM HOME AND ABROAD. What is Going On the World Over. Important Events Briefly Chronicled. Financial and Commercial. BALTIMORE, Mo.-The individual banks of this city and the Clearing House association have refused to longer assume responsbility for checks, etc., deposited with them antil after collection has been made by them. The First National Bank of San Diego, Cal., which suspended a month ago, has reumed. ALBEQUERQUE, N. M.-The albequerque National Ban's suspended and the New Mexico Savings Bank and Trust Company, an adjunct, also closed. GOLDEN. Coto.-The Jefferson County bank in this city has made an assignment. PHILLIPSHURG, MONT.-The First National bank closed its doors. Ward's bank of Fosterville, N. Y., has failed. There were $75,000 of deposits. The body of the proprietor was found in the rear of his house. He CO nmitted suicide. WINNIPEG, MAN.-The Commercial bank of Manitoba has been declared insolvent and liquidators have been ap: ointed. The bills of the bank are as good as gold under the Dominion law. The American Loan and trust Company Omaha, Neb., went into the hands of a receiver. The company has a paid up capital of $400,000. The cause of the failure was the failure at Houston, Tex., of the Omaba and Houston Improvement Company The Finley county bank of Garden City, Kas., has failed. The American National bank of Pueblo, Col., was not opened Wednesday morning. Notices on the door stated that the bank will resume as soon as it can secure money on its paper. After the suspension of the American National ban't became known. the Central National and the Western National closed. These are all sound concerns and assets are ample. NEW YORK.-The New Jersey Sheep and Wool Company and the Gausevort Market Sheep Company failed Thursday morning. It is feared the failures will affect many small concerns. The liabilities will exceed $500,000. OMAHA. NEB.--The National bank of Ashand clo ed its doors. The closing of the American Saving Bank of this city are supposed to be the cause of the failure. NEW YORK.-A run started on the Jefferon County Savings bank. Governor Flower was present and in a speech gave assurance that the bank was entirely safe. The speech bad an excellent effect. OMAHA, NEB-The American savings bank suspended with deposits of $153,000 and assets of $259,000.

11. July 13, 1893 The Farmers' Union Memphis, MO

Article from The Farmers' Union, July 13, 1893

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FINANCIAL AND INDUSTRIAL --The Omaha and South Texas Company. which built manufacturing suburb to Houston, Texas, has assigned with liabilities of $400,000. -Three of the six national banks of Pueblo, Colo., closed their doors They were the American National. Western National, and Central National. - -THE Wellston (Ohio) Furnace Company. owned principally by Forsythe, Hyde & Co., of Chicago. has been placed in the hands of a receiver. -A receiver has been appointed for the American Loan and Trust Company at Omaha. The concern was interested in the Omaha and Houston Improvement Company. which failed at Houston, Texas. The American Savings Bank, controlled by the trust company. has been placed in the hands of the State Bank Examiner.

12. July 13, 1893 Barton County Democrat Great Bend, KS

Article from Barton County Democrat, July 13, 1893

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THE CRISIS AT PUEBLO. The Panic Was Slow Getting There, but It Came at Last. PUEBLO, Col., July The bank panic did not reach Pueblo until yesterday. But then it came with a vengeance. A week or more past large withdrawals have been made from the banks almost daily, and the American National, when it opened for business, found a large number of depositors waiting to take out their money. The crowd continued to grow and it soon became evident that with the ready cash on hand they could not hold out much longer, and about 10 o'elock the doors were closed. The notice posted stated that the bank would commence business soon again and that the assets were $1,250,000 and the liabilities $650,000. Runs had already commenced on both the Western National, of which V. L. Graham is president, and the First National, H. D. Thatcher, president. The Western closed its doors before noon. They have deposits of over $1,000,000 and have always been considered very strong. The Central National, of which Delos L. Holden is president, closed at noon. This bank does a light business, but withdrawals of deposits had been so heavy of late that they could not stand any further run, and they thought it best to close. Their assets are about $170,000 and liabilities $70,000.

13. 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

14. August 20, 1893 The Helena Independent Helena, MT

Article from The Helena Independent, August 20, 1893

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Banks Resume. PUEBLO, Col., Aug. 19.-Bank Examines J. Sam. Brown to-day wave permission to the Central National bank. which suapended July 15, to resume business Monday morning. The American and Western National banks, which suapended the same day. have received permission from CounD. troller Eckels to resume and are rapidly complying with the conditions required.

15. 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.

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

Article from The Herald, August 20, 1893

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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.

17. August 20, 1893 The Morning Call San Francisco, CA

Article from The Morning Call, August 20, 1893

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Novel Plan to Increase the Currency. BELIEVED TO BE FEASIBLE. There Will Be a Large Circulating Medium Even Though Ready Money Is Scarce. Special to THE MORNING CALL NEW YORK, Aug. 19.-The City Bank of Buffalo has devised a new scheme for the temporary relief of the financial stringency. Briefly stated, the plan is for the City Bank to issue New York drafts in uniform sums of $1, $2, $5 and $10, payable to bearer, and let them be passed from hand to hand as cash till it becomes convenient to redeem them in Government currency. Being drawn to bearer no indorsement will be needed to pass title, and being drawn on New York they have both the collaterals deposited with the local Bankers' Association and money on deposit in New York to secure the holder against loss. An amusing incident occurred to-day at a bank in Wall street. A depositor demanded $2000 in currency. He had a large balance to his credit. It is said he admited that he was going to sell it at a premium, and the bank-teller refused to give him the currency. The officers of the bank were appealed to and strong language was used on both sides. Finally the bank-teller. pur-uant to orders, offered the depositor $2000 in silver dollars (legal-tender money) and told him to take it away. It was necessary for the drawee to get an express-wagon for that purpose. Silver dollars. however, command a premium, although not much as currency. Currency on Wall street is quoted at 18/4 to 3 premium and gold 2 1/2 per cent premium. The supply of cotton and provisions augurs well for the continuance of further imports of gold. The imports for the week were $11,249,760; exports of silver $264,600. There was an increase of $702,000 in the circulation for the week. La Touraine arrived from Havre to-day with 5,741,000 francs in gold. LONDON, Aug. 19.-Gold to the amount of £110,000 was withdrawn to-day from the Bank of England for shipment to the United States. The Campania sails from Liverpool to-day with £865,000 and the New York from Sonthampton with £30,000. CHICAGO, Aug. 19. - The Anderson Pre-sed-brick Company made an assignment to-day. The plant is valued at $350,000 and there are about 200,000 completed brick on hand. The liabilities are chiefly to stockholders. ST. LOUIS, Aug. 19.-The Greely-Burnham Grocery Company filed articles of assignment this afternoon. The firm was not engaged in active business, having been in liquidation since May 15 last. The assets are stated to be $352,842 and the liabilities $300,000. If there is no shrinkage in the assets the firm will be able to meet all of its obligations. HAVANA, Aug. 19.-The Bank of Commerce of this city has suspended. PUEBLO. Colo., Aug. 19.-Bank Examiner J. Sam Brown to-day gave permission to the Central National Bank, which suspended July 15, to resume business ou Manday 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.

18. August 20, 1893 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, August 20, 1893

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Pueblo Banks Resume. PUEBLO, Colo., Aug. 19.-Bank Examiner J. Sam. Brown 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, received permission from Comptroller Eckles to resume and are rapidly complying with the conditions required.

19. August 21, 1893 The Sun New York, NY

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Banks to Reopen. PUEBLO. Col. Aug. 19.-Bank Examiner J. Samuel Brown to-day gave permission to the Central National Bank. which suspended on 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 complying with the conditions required. DUBUQUE. Aug. 19. - Bank Examiner McHugh took charge of the First National Bank this morning. and to-night said the bank is solvent. He sees no reason why it should not resume in a few days.

20. August 21, 1893 Deseret Evening News Salt Lake City, UT

Article from Deseret Evening News, August 21, 1893

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Will Resume. GREAT FALLS, Mont, Aug. 19.The First National bank of this city will probably resume. PUEBLO, Colo., Aug. 19,-Bank Examiner J. Sanborn 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, received permission from Comptroller Eckels to resume.

21. 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.

22. August 26, 1893 The Meeker Herald Meeker, CO

Article from The Meeker Herald, August 26, 1893

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Three of the suspended national banks of Denver have resumed business again. They are-the National Bank of Commerce, the People's national and the Union national. The Central national of Pueblo, the Greeley national of Greeley, the American national of Leadville, and the First national of Rico, have also resumed. This shows that confidence is returning and the outlook for Colorado much brighter.

23. September 3, 1893 The Times Richmond, VA

Article from The Times, September 3, 1893

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BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. WASHINGTON, D. C. Sept. 1.Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000; First National Bank, Palouse city, Wash., $75,000: Southern California National Bank, Los Angeles, Cal: $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal., $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo, Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Den ver $500,000; Hutchinson National Bank, Hutchinson, Kan., $100,000; People's National Bank, Denver, Col.,$600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank, Greeley, Col., $50,000; Farmer's National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky., $200,000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000: Waxabachee National Bank, Waxabachee, Tex., $100,000; Citizen's National Bank, Attica, Ind., $50,000; First National Bank, San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners with excellent prospects of early resumption, in addition to the 34 above named which have already resumed business.

24. January 30, 1898 The Herald Los Angeles, CA

Article from The Herald, January 30, 1898

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National Bank Changes The latest bulletin of the comptroller of the currency, dated Jan. 24 1898, gives the following among other changes: National Bank Organized-The First National bank of Leonard, Texas; capital, $50,000; J. O. Kuyrkendall, president; W. L. Reed, cashier. Application to Organize National Bank Approved-The First National bank of Lake Mills, Iowa; capital, $50,000; by the following persons: B. H. Thomas, O. V. Eckert, L. B. Nerby et al. Voluntary Liquidations-The First National bank, Bath, N. Y. ; the Central National bank of Pueblo, Colo.; the Alexandria National bank, Alexandria, Ind. Insolvent-The First National bank of Pembina, North Dakota, was on January 19, 1898, placed in the hands of William J. Kneeshaw, receiver. Change of Title-The Merchants and Manufacturers' National bank of Middletown, N. Y., changed to the Merchants' National bank of Middletown, January 18, 1898.