1446. Western National Bank (Pueblo, CO)

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: national
Bank ID: 2546
Charter Number: 2546
Start Date: July 5, 1893
Location: Pueblo, Colorado (38.254, -104.609)

Metadata

Model: gpt-5-mini
Short Digest: 69ed6b61

Response Measures

Full suspension, Books examined

Description

Contemporary accounts (July 5, 1893) report runs on Western National leading it to close the doors the same day. The bank was among Pueblo nationals that suspended in mid-July and received permission to resume in mid-August (permission dated Aug 19, 1893) and is reported reopened by September. Cause of the run/suspension is described as contagion from other Pueblo banks (panic after American National's suspension).

Events (5)

1. August 2, 1881 Chartered

Source: historical_nic

2. July 5, 1893 Run

Cause: Local Banks
Cause Details: Run followed the suspension of the American National and runs on other Pueblo banks during the wider bank panic; contagion from other local banks' distress.
Measures: Closed its doors before noon; paid out nearly all cash on hand according to reports.
Newspaper Excerpt: Runs commenced on both the Western National and the First National. The Western National closed its doors before noon.
Source: newspapers

3. July 5, 1893 Suspension

Cause: Local Banks
Cause Details: Suspension/closure was a direct consequence of heavy withdrawals and runs triggered by the panic and the suspension of the American National; inability to meet extraordinary calls for cash forced closure/suspension.
Newspaper Excerpt: The Western National closed its doors before noon. ... The Western National closed the moment that an unusual number of calls for money appeared.
Source: newspapers

4. August 19, 1893 Reopening

Newspaper Excerpt: 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.
Source: newspapers

5. September 30, 1936 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (25)

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 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 Wheeling Register Wheeling, WV

Article from Wheeling Register, July 6, 1893

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WHEELING PEOPLE INTERESTED. Four National Banks at Pueblo, Col., Affected by Heavy Runs--Two of Them Close. PUEBLO, COL., July 5.-The bank panic did not reach Pueblo until this morning. But then it came with a vengeance. Runs were made on the American National, Western National and the 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 depositors at the First National to-day were paid as fast as the paying teiler could handle them, and the general expectation is that this bank will be able to pay their creditors in full. The Central National Bank 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 runs. PUEBLO, COL., July 5.-The American National Bank has suspended. When the opening hour arrived this morning the bank's doors were not-opened and a notice posted stating that the bank had suspended. The assets are placed by the bank's officers at $1,250,000. and the liabilities at $635,000. O. P. Baxter, one of the wealthiest men in the State, is President of the bank. It is believed the bank will be able to resume shortly, because its assets are in good shape. There is no excitement among the depositors of theother banks. [Mr. Robert Gibson, formerly of Wheeling, is Cashier of the American National, and Mr. S. F. Crawford, also a native of Wheeling, Assistant Cashier.)

7. 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.

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 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.

10. 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.

11. 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.

12. 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.

13. 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.

14. 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.

15. July 21, 1893 Idaho County Free Press Grangeville, ID

Article from Idaho County Free Press, July 21, 1893

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They were both employed in the telegraph business. Mariano Leyva, a wealthy farmer of the valley of Mexico, was crossing a range of mountains recently, when he lost his footing and was precipitated into a deep chasm. He could not climb out, and remained on a small shelf of rock overhanging a precipice seven days without food or water. The Terre Haute car works, one of the largest of its class in the west and the largest in the state of Indiana, assigned Tuesdav. It employed 900 men and did an annual business of $3,000,000. The stringency in the money market was the cause. Contingent liabilities $84,467. Assets nearly $600,000. An Egytian medical delegate to Mecca says the deaths there are double the number officially reported. In the valley of Mouna it is impossible to bury the dead. The road between there and Mecca is strewn with corpses. In Mecca the bodies lie decomposed for days, owing to the impossibility to get grave-diggers. Stein's Pillow is a rectangular rock from 20 to 40 feet across it, which lifts its head way above the trees in pine timber on the south bank of Mill creek, about 18 miles east of Prineville, Crook county Or. Many persons have guessed at its height but no one knows it. Some people think it is 700 feet high. Vice President Stevenson and party of personal friends will leave Chicago next Monday night for the Pacific coast and Puget sound country. They will visit Los Angeles, San Diego, San Francisco, Portland, Tacoma, Seattle and other points of interest and return via the Great Northern railroad. Ben Howe, 25 years old, an employe of the Spokane Chronicle, treasurer of Lodge No. 103, I. O. O. F., and a prominent Son of Veteran, has absconded, after embezzling $1,100 belonging to the Odd Fellows and $100 belonging to the Sons of Veterans. He was infatuated with a prostitute, on whom he squandered the stolen money. Chicago was visited Sunday afternoon by the most terrific storm it has experienced in several years. The wind blew almost a hurricane, leveling trees and breaking in windows, and the rain fell in torrents. Many pleasure boats on the lake were overturned and sunk. The loss of life is unknown, but at least ten persons are known to have been drowned. On the Fourth, at Gladstone, Oregon, near Oregon City, a distressing accident happened. A team of horses ran away, throwing the occupants of the carriage over a bluff. Mrs. M. P. Bradley and four children fell forty feet. The mother and the baby were killed, the others seriously injured. Mr. Bradley, who was driving, escaped. Several Colorado banks have failed in the last few days. The American national, the Western national, the Central national and the First national at Pueblo, Colorado, are in trouble. The first three have suspended. All the banks in silver mining districts are in great danger of failure, owing, to the threatened fall of silver. Henry Gee, supervisor of the roads about Sheridan, Oregon, is giving the farmers great relief in fixing roads leading into that city. Three-quarters of a mile leading to McMinnville, and equal distance on the North Yamhill road is being macadamized sixteen feet wide. The county furnishes the crushed rock, the city pays one half the expense of construction, and the balance is made up by private subscription. Word reached Topeka, Kan., Monday night from Englewood, Star county, of the drowning of William Wadell, his wife and four children, while in camp on the

16. 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.

17. August 20, 1893 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, August 20, 1893

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Pueblo Banks to Resume Soon. PUEBLO, Col., 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, 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 23, 1893 The Star Reynoldsville, PA

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LATER NEWS WAIFS. FINANCIAL AND COMMERCIAL The Teople's National Bank, of Winston, N. C., capital $100,000, has suspended. Lerzars, 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 on 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, Con-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. September 11, 1893 Evening Star Washington, DC

Article from Evening Star, September 11, 1893

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Banks to Resume. The following national banks, which recently suspended payment, having fully complied with the conditions imposed by the controiler of the currency, and their capital stock being unimpaired, have been permitted to reopen their doors for business, viz: The First National Bank of Provo, Utah. The Western National Bank of South Pueblo, Pueblo, Col. The First National Bank of Nashville, Tenn. The First National Bank of Le Mars, Iowa.

23. September 13, 1893 Rock Island Daily Argus Rock Island, IL

Article from Rock Island Daily Argus, September 13, 1893

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Colorado Banks Besume Payment. DENVER, Sept. 13.-Two more Colorado banks have opened for business after several weeks' suspension. They are the Western national at Pueblo and the Bank of Florence at Florence. All the failed Pueblo banks are now doing business.

24. September 15, 1893 Bismarck Weekly Tribune Bismarck, ND

Article from Bismarck Weekly Tribune, September 15, 1893

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Colorado Banks Reopen. DENVER, Sept. 13.-Two - more Colorado banks opened their doors for business Monday after several weeks' suspension. They are the Western National of Pueblo, and the Bank of Florence at Florence.

25. September 22, 1893 People's Voice Wellington, KS

Article from People's Voice, September 22, 1893

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GENERAL NEWS Carefully Selected News of Current Events. A. Armsbury, of North Platte, Neb., shot and killed himself accidentally Sunday afternoon while riding in a Union Pacific cabcose. Local papers say speculators are out all over Oklahoma buying hay for export, and it is evident that there is big money in their enterprise. Hungarian miners engaged in a drunken riot at Cliff Mines, Pa., Sunday, and several of them were shot and cut, but none fatally. Hoo Sue, a Chinese druggist of San Francisco, who located there in 1849, leaves for China on the next steamer with his son and daughter. 3 Justin McCarthy, the leader of the Irish parliamentary party, has had a sharp attack of bronchitis and has days. been confined to his room for several The Catholic congress which was to open at Buda Pesth Monday, has been prohibited by the Hungarian minister of the interior owing to the prevalence of cholera. All the remaining cases of cholera under observance at the Moabit hospital, Be lin, have been discharged and the cholera section of that hospital has been closed. B. Wolf & Co., wholesale notion dealers being business at 704 and 706 Lucas avenue, St. Louis, made an assignment Saturday to Charles J. Blake trustee for creditor. The following national banks which recently suspended, have been permitted to reopen: The First National, Nashville, Tenn., and the First National, Lemars, Ia. There were sharp shocks of earthquake Sunday morning at Jassey and at Bucharest. People rushed into the streets in alarm, though not much actual damage was done. The Secretary of the treasury has asked for the resignation of Phillip M. Hildebrand, surveyor of customs at Indianapolis, and Michael E. Smith, assayer of the mint at Denver, Col. Two more Colorado banks opened their doors for business Monday, after several weeks' suspension. They are the Western National, a Pueblo, and the Bank of Florence, at Florence. The Rockford passenger train the Burlington and Chicago jumped on the track at Hinckley Saturday, owing to a brakeman's blunder. Engineer Andy Farr. of Rockford, jumped out and was killed. Detectives have recovered $5,000 of the money stolen from the safe of the Adams expres, at Akron, O., Friday night. It was found buried in a cornfield in the suburbs. The burglars have been arrested. The miners in the Barinage district, in the province of Halnaut, Belgiam, have voted to go out on a strike immediately unless their wages are raised. Vast numbers of people are involved in the proposed strike. It is announced that Senator Hill will make three speeches in Ohio to help out Lawrence T. Neal, the Democratic candidate for governor against McKinley. Cleveland, Columbus and Cincinnati are the cities selected. The Fairabault school at Stillwater, Minn., has been abandoned after a trial of one year. There was continued friction between the Catholics and Protestants and the board of edplan. ucation decided not to continue the The governor general of Bohemia has forbidden all meetings or parades in the streets, and has also notified the police to prevent all ostentatious wearing of badges or carrying of flags. The troops are still confined to the barracks. The 250th anniversary of the foundation of the Scotch church was celebrated at St. Sebastian's chapel, Rotterdam, the ancient place of worship of the Covenanters, Friday. The anniversary was also celebrated at the new Scotch church. For the past two days a strong southeast wind, almost a gale, has been driving a destructive prairie fire toward Rugby, N. D. In the country the estimated loss is upward of $5,000, including small outbuildings and stored hay, with no insurance. In Sumner and Cowley counties the district court had to be adjourned on account of the lack of witnesses and jurors. all available timber having gone to the Cherokee strip. As between the strip and the world's fair Kansas is very much from home for the moment. The absence will be but brief, tho'. The news from Tucuman is far from satisfactory to the government. There has been more fighting in the streets of the city. The rebels are in possession of the railroad and have received reinforcements from the surrounding country. The position of the government is said to be critical. The governor has asked for reinforcements, as his troops are far outnumbered by the rebel forces. When the Cherokee outlet is added, Oklahoma will have a territory of about 20,000 square miles. The territory of five nations is, in round numbers, 31 000 square miles. Adding these large areas of country, a state large would as be thestate formed almost two-thirds as