14489. Tradesmens National Bank (New York, NY)

View Charter #905 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
905
Charter Number
905
Start Date
October 4, 1898
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
00917219f5d3688a

Response Measures

None

Description

The bank suspended on Oct 4, 1898 after failing to clear at the clearing house; troubles attributed to the wool exchange and large withdrawals by wool merchants. The bank did not resume normal operations — the comptroller appointed a liquidation committee (Nov 26) and the bank reopened Dec 1 to liquidate and pay depositors. Thus a suspension followed by permanent closure/liquidation. I corrected minor OCR variants (the bank is Tradesmen's National Bank, New York).

Events (5)
1. March 17, 1865 Chartered
Source
historical_nic
2. October 4, 1898 Suspension
Cause
Local Shock
Cause Details
Large withdrawals (about $500,000) by New York and Boston wool merchants and the suspension/depression of the Wool Exchange undermined the bank's cash position, prompting it to fail to clear and suspend.
Newspaper Excerpt
The Tradesmen's National Bank ... did not clear through the clearing house ... the bank is in serious trouble.
Source
newspapers
3. November 26, 1898 Receivership
Newspaper Excerpt
Mr. Dawes, the comptroller of the currency, has appointed Directors D. H. Bates, W. H. Wolverton and Julius Kaufmann as a committee to liquidate the affairs of the Tradesmen's National bank of New York. The comptroller directs that the bank must be open for purposes of liquidation on or before Dec. 1.
Source
newspapers
4. December 1, 1898 Other
Newspaper Excerpt
The Tradesmen's National bank, which suspended business Oct. 4th, opened to-day for liquidation. The bank has to its credit $1,600,000; in addition there is $618,000 due depositors who agreed to wait four months for their money.
Source
newspapers
5. January 13, 1899 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (23)
1. October 5, 1898 The Record-Union Sacramento, CA
Article from The Record-Union, October 5, 1898

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TRADESMEN'S BANK. In Serious Trouble and Forced to Suspend Payment. NEW YORK, Oct. 4.-The Tradesmen's National Bank of 260 West Broadway did not clear through the clearing-house, of which it is a member, to-day. This fact led to an investigation, and it developed that the bank is in serious trouble. The Clearing-house Committee visited the bank yesterday, and, after a careful examination of its securities, found its capital impaired and advised an early liquidation. The bank was organized in the early part of this century, and while never a

2. October 5, 1898 The Sun New York, NY
Article from The Sun, October 5, 1898

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1808. 1897. Surplus and undivided profits $115,081 80 $182,984.78 Deposits 8,078,782.16 8,717,458 23 Dividend, & per cent. per annum. JAMES W. CLAWSON, Cashier. Comparine this with the statement of Sept. 20 It will be seen that there was in the intervening time a large falling off of deposits. Cashier Clawson said that this was due to a quarrel between the New York and Boston wool buyers and that during the last month $500,000 of deposits had been withdrawn. The Tradesmen's National Bank was organized as a State bank in 1823 and it was one of the original members of the Clearing House. It has correspondents in Chicago, Boston and Washington. On July 1 its officers and directors were as follows: James Macnaughtan. President: David H. Bates, Vice-President: A. Swan Brown. Jerome EL Bates, Augustus C. Bechstein. Charles R. Flint David Hunt. Julius Kaufmann, Thomas B. Kent, David M. Look. rederick E. Pitkin, James Rowland. John A. Tweedy. Clarence Whitman and William H. Woolverton. Mr. Brown and Mr. Whitman resigned some time ago. At the Clearing House it was said yesterday that the bank would probably not be able to resume business. but that no other bank or institution would be forced to the wall by its failure. During the day notices were posted in the bank that checks and drafts drawn by the following banks on the Tradesmen's National Bank will be paid through the Hanover National Bank: People's National Bank. Salem. N. Y.: First National Bank, Indiana, Pa.: Newport National Bank, Newport, Ky.: Cyrus AlIen. banker, Avon, N. Y.: Lattimer & Winton. bankers, Addison, N. Y. A number of private depositors also posted notices telling where their outstanding drafts and checks on the bank would be paid.

3. October 5, 1898 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, October 5, 1898

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COULD NOT CLEAR. The Tradesmen's National Bank Has Closed Its Doors. New York, Oct. 4.-The Tradesmen's National bank of No. 260 West Broadway did not clear through the clearing house of which it is a member to-day. This fact led to an investigation and It developed that the bank is in serious trouble. The clearing house committee visited the bank yesterday, and after a careful examination of its securities, found its capital impaired and advised an early liquidation. The bank was organized in the early part of this century, and while never a leader among the banks of this city, was always regarded as very sound and conservative in its business dealings. It occupied quarters in the Wool Exchange building. The wool exchange suspended business temporarily only a few days ago. At that time it was declared that the bank was in no degree concerned in the suspension of the exchange, although it was not denied that It had many wool accounts. The capital of the bank is $750,000. In the banking district the opinion is expressed that the troubles of the wool exchange are indirectly responsible for the Tradesmen's National bank troubles. Vice President Homer Bates promised the clamoring depositors today that the bank would pay its patrons 100 cents on the dollar. He said further that the bank would resume as soon as all its claims were liquidated. The controversy which for some time existed between the New York and Boston wool merchants who, it was said, drew on the bank recently to the extent of $500,000. was said to be the cause of suspension of business by the bank this morning. Washington, Oct. 4.-W. H. Kimball, bank examiner at New York, has been placed in charge of the Tradesmen's National bank. The latest statement of its condition sent to the treasury department in response to the call of the comptroller of currency of Sept. 20, shows as follows: Individual deposits, $2,054,611; due banks and bankers, $953.$71; surplus and undivided profits, $128.D83: loans and discounts. $2,091,842: cash on hand and with banks, $1,089,169.

4. October 5, 1898 The News & Observer Raleigh, NC
Article from The News & Observer, October 5, 1898

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TRADESMEN'S BANK TOTTERS: Vice President Declares it Will Meet All Its Obligations. New York, Oct. 4.-The Tradesmen's National Bank, of No. 260 West Broadway, did not clear through the clearing house, of which it is a member, today. The fact led to investigation and it it's veloped that the bank is in serious tron ble. The clearing house committee visited the bank yesterday and after a careful examination of its securities, found its capital impaired and advised an early liquidation. The Tradesmen's National Bank is one of the best known institutions of its kind in this city. It was organized in the early part of this century. The bank occupies quarters in the Wool Exchange building. The Wool Exchange suspended business temporarily only a few days ago. The capital of the Tradesmen's National bank is $750,000. In the banking district the opinion is expressed that the troubles of the Wool Exchange are indirectly responsible for the Tradesmen's National Bank's troubles. Vice President Homer Bates promised the depositors who were clamoring for their money today that the bank would meet all its obligations and would pay its patrons a hundred cents on the dollar. He said further that the bank would resume as soon as all its claims were liquidated.

5. October 5, 1898 The Morning News Savannah, GA
Article from The Morning News, October 5, 1898

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A NEW YORK BANK IN TROUBLE. Tradesmen's National Shows Up With Its Cash Impaired. New York, Oct. 4.-The Tradesmen's National Bank, of No. 260 West Broadway, did not clear through the clearing house, of which It is a member, to-day. This fact led to investigation and it developed that the bank is in serious trouble. The clearing house committee visited the bank yesterday and after a careful examination of its securities, found its cash impaired and advised an early liquidation. The Tradesmen's National Bank is one of the oldest and one of the best known institutions of its kind in this city. It was organized in the early part of this century. The bank occupies quarters in the Wool Exchange building. The Wool Exchange suspended business temporarily only a few days ago. The capital of the Tradesmen's National Bank is $150,000. In the banking district, the opinion is expressed that the troubles of the Wool Exchange are indirectly responsible for the Tradesman's National's troubles. Vice President Homer Bates promised the depositors, who were clamoring for their money to-day, that the bank would meet all its obligations and would pay its patrons 100 cents on the dollar. He says further that the bank would resume as soon as all its claims were liquidated.

6. October 5, 1898 The Herald Los Angeles, CA
Article from The Herald, October 5, 1898

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TRADESMEN'S NATIONAL PROMISES TO PAY DEPOSITORS DOLLAR FOR DOLLAR Just at Present the New York Bank Is in Trouble and Cannot Pay Anything NEW YORK, Oct. 4.-The Tradesmen's National bank of 260 West Broadway did not clear through the clearing house, of which it is a member, today. This fact led to an investigation, and it developed that the bank is in serious trouble. The clearing house committee visited the bank yesterday, and, after a careful examinanon, found its capital impaired and advised an early liquidation. The bank was organized in the early part of this century, and, while never a leader among the banks of this city, was always regarded as very sound and conservative in its dealings. In the banking district the opinion is expressed that the troubles of the wool exchaange are indirectly responsible for the Tradesmen's National bank's troubles. Vice President Homer Bates promised the clamoring depositors today that the bank would pay its patrons 100 cents on the dollar. He said further that the bank would resume as soon as all its claims were liquidated. The controversy which for some time exlsted between the New York and Boston wool merchants, who it was said, drew on the bank recently to the extent of $500,000, was said to be the cause of suspension of business by the bank this morning. W. H. Kimball, bank examiner at New York, has been placed in charge of the Tradesmen's National bank. The latest statement of its condition sent to the treasury department, in response to the call of the comptroller of the currency of September 20th shows as follows: Individual deposits, $2054,11; due banks and bankers, $953,881; surplus and undivided profits, $128,083; loans and discounts, $2,091,842; cash on hand and with banks, $1,089,169.

7. October 5, 1898 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, October 5, 1898

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IN SERIOUS TROUBLE. Suspension of Tradesmen's National Bank Turns Out to Be a Collapse. New York, Oct. 5.-The Tradesmen's National bank of No. 260 West Broadway, which did not clear through the clearing house, of which it is a member, yesterday, is in serious trouble. The clearing house committee visited the bank yesterday, and after a careful examination of its securities found its capital impaired and advised an early liquidation. The bank was organized In the early part of this century, and while never a leader among the banks of this city, was always regarded as very sound and conservative in its business dealings. It occupies quarters in the Wool Exchange building. The Wool Exchange suspended business temporarily only a few days ago. At that time it was declared the bank was in no degree concerned in the suspension of the exchange, although it was not denied that it had many wool accounts. The capital of the bank is $750,000. In the banking district the opinion is expressed that the troubles of the Wool Exchange are indirectly responsible for the Tradesmen's National bank's troubles. Vice President Homer Bates promised the clamoring depositors that the bank would pay its patrons 100 cents on the dollar. He said further that the bank would resume as soon as all its claims were liquidated. Washington, Oct. 5.-W. H. Kimball, bank examiner at New York, has been placed in charge of the Tradesmen's National bank. The latest statement of its condition sent to the treasury department in response to the call of the comptroller of the currency of September 20, shows as follows: Individual deposits, $2,054,611; due banks and bankers. $953,871; surplus and undivided profits, $128,083; loans and discounts, $2,091,842. and cash on hand and with banks $1,089,169.

8. October 13, 1898 Mineral Point Tribune Mineral Point, WI
Article from Mineral Point Tribune, October 13, 1898

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4.3 The battleship Illinois was launched at Newport News. In Mississippi and Louisiana yellow fever is spreading. The triennial Episcopal council opened in Washington. The Tradesman's National Bank of New York suspended. Massachusetts democrats indorsed the Chicago platform. The Tradesmen's Bank closed its doors in New York. The funeral of the Rev. Dr. John Hall took place in New York. Robert Rennert, a leading hotelkeeper of Baltimore, is dead. The big deal for a national tobacco trust seems to have collapsed. Dr. W. F. McLean died suddenly at Elyria, Ohio. He was 65 years old. Richard Katsenmayor, the leader of German society in New York, is dead. James R. Keene is said to have made $1,000,000 in American tobacco. Several millionaires are likely to run for congress in New York this fall. Prescott E. Longley, a veteran hotel man of Wisconsin, is dead at Janesville. Bertha Beilstein, Allegeny, Pa., killed her mother and then committed suicide. Col. Roosevelt paid $1,005 into New York City's treasury, his personal tax for 1898. The city of Colorado Springs was visited by a fire which did $1,000,000 damage. The woolen mills owned by ex-Gov. Sawyer of New Hampton made assignments. A combine of shipbuilders and gun and armor plate manufacturers is under way. Colorado middle-of-the-road populists nominated Simon Guggenheim for governor. The New York court of appeals decided against the Gould heirs in the inheritance-tax case. The United States, Great Britain and Japan practically control the coal supply of the world. Richard Croker is said to have secured control of the New York state democratic committee. Bodies of those who lost their lives in the Wisconsin forest fires are beginning to be found. William L. Dean, treasurer of Vassar college, died suddenly of heart disease, aged 57 years. Old Nance Guilford was held in a London court to await requisition papers from Connecticut. Rev. Jabez Fox, who was well known in the west in the anti-slavery agitation. died at Washington A. W. Lyman, a well-known newspaper man, who served the Associated Press in Cuba, died in Brooklyn. The September report of Wisconsin national banks shows a falling off of nearly $2,000,000 in deposits since July, : The forest fires in Colorado and i Wisconsin have been checked by ( rains Light snow also fell in Colorado I Two thousand armed miners are on : guard at Virden Ill., to prevent the ) importation of negro miners from - Alabama. Louis Landerman of Fond du Lac, ' Wis. was accidentally shot while hunting ducks It is doubtful whether I he will recover "Coin" Harvey has been made general manager of a new ways and means committee of the national dem) ocratic committee. Miss Edna Smith, an heiress of St. Paul, Minn. has been spirited away from her home and is being held at La Grange, Ind. A large gathering of Mormon work-

9. October 15, 1898 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, October 15, 1898

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Rains have quenched the forest fires around Cumberland, Wis. The schooner Sarah E. Palmer was lost off Stone inlet, near Charleston, S. C., and her crew of eight was drowned. The battleship Illinois was launched at Newport News, Va., in the presence of 30,000 people, and was christened by Miss Nancy Leiter, of Chicago. William Ballard, Burt Puvis and John Gatlin were suffocated by gas in a well at Somerset, Kan. With $2,000,000 due to depositors the Tradesmen's national bank closed its doors in New York city. J. B. Connor, of Evansville, Ind., shot and killed his wife and her paramour, Charles Williams. It is announced that Hawaii will become a territory of the United States and will be allowed one representative in congress. Heavy snowstorms prevailed in Minnesota and North Dakota. The unusual warm weather and abundant rains have started a second growth of almost everything in the berry line in southwestern Michigan. An incendiary fire destroyed the larger portion of the business district of Lowell, Ind. Samuel H. Dickerson shot and killed Mrs. Blanche Winship and killed himself in Cleveland, O. Jealousy was the cause. The battleship Wisconsin is to be launched from the Union iron works in San Francisco on November 26. Wright Smith (colored), who attempted to assault the wife of Capt. James Morrison, was taken from jail at Jones Station, Md., by a mob and shot to death. The triennial council of the Protestant Episcopal Church of the United States opened in Washington. The vault of Molson's bank in Winnipeg, Man., was robbed by unknown parties of $60,000. Damage exceeding $500,000 was caused by a fire which started in the Grange tobacco warehouse in Clarksville, Tenn. In a pacing mile race in St. Louis between Joe Patchen and John R. Gentry, Patchen won in two straight heats, the best time being 2:07. The trouble that has been brewing between the Indians and United States officials culminated in a fight at Bog-Ah-Me-Ge-Shirk's point, 30 miles from Walker, Minn., in which four soldiers were killed and nine seriously wounded. Dr. W. F. McLean, aged 65, a prominent physician and mason, fell dead in the masonic lodgeroom in Elyria, O. It is reported that the cotton crop in Georgia has been damaged to the extent of $5,000,000 by the recent storm. An estimate of the amount of provisions on the Yukon river indicates that there will be no need of a government relief expedition this winter. Mayor Jones, of Kansas City, Mo., has declared that the pawnbrokers must go. The utmost demoralization prevails throughout Mississippi on account of the rapid spread of yellow fever. N. L. Weatherby, commodore of the Troy Yacht club; Stephen W. Mallory, Mrs. Nellie Breslin and Miss Lizzie Savage were drowned in the Hudson river at Troy, N. Y., by the capsizing of a yacht. Trains collided at Indianola, Neb., and Sol Brace, engineer; E. J. Walters, fireman, and William McCarl, brakeman, were killed. Essie Jackson, aged 10 years, was stoned to death by boys at Shelbyville, Ind. Maj. Wilkinson, six privates, one Indian policeman and 30 Indians were killed in the fight with the Indians at Bear island, Minn. Fighting was still in progress, and Gov. Clough telegraphed Secretary Alger asking him to authorize the use of the volunteer regiments just about to be disbanded for the protection of the frontier. The Bankers' & Merchants' Mutual Fire Insurance company at Liberty, Mo., has assigned. Senator John T. Morgan, of Alabama, called on the president to inform him of the success of the Hawaiian commission. The Rock River Methodist conference in session in Chicago declared for equal lay representation by a vote of 200 to 6. The liabilities of the Tradesman's bank in New York, that failed recently, are now placed at $3,800,000. In session in Grand Rapids, Mich., the American board of foreign missions, for the first time in the 90 years of its history, elected a woman, Margaret J. Evans, of Minnesota, as a member. # PERSONAL AND POLITICAL. James L. High, one of the leading members of the Chicago bar and a lawyer of national reputation, died in Chicago, aged 54 years. Henry George has declined to accept the nomination for governor of New York on the Chicago platform democrats ticket and Henry McDonald has been named in his place. Mrs. Sobrina Shoemaker celebrated her one hundred and third birthday at her home near Covington, Ind. The Massachusetts democratic state convention at Worcester nominated a ticket headed by Alexander B. Bruce,

10. October 28, 1898 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, October 28, 1898

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Wool Warehouse Failure. NEW YORK, Oct. 27.-The failure of the New York wool warehouse, which closed its doors today, is due to the liquidation of the Tradesman's National bank and the depression to the wook business by the wool auction exchange suspension. The company was organized in New Jersey on July 3, 1895, to

11. November 26, 1898 Barre Evening Telegram Barre, VT
Article from Barre Evening Telegram, November 26, 1898

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To Liquidate Tradesmen's Bank. Washington, Nov. 26.-Mr. Dawes, the comptroller of the currency, has appointed Directors D. H. Bates, W. H. Wolverton and Julius Kaufmann as a committee to liquidate the affairs of the Tradesmen's National bank of New York. The comptroller directs that the bank must be open for purposes of liquidation on or before Dec. 1. The comptroller states that the receiver of the bank now has on hand $1,600,000 in cash and quick assets amounting to between $600,000 and $700,000 additional, BO that all depositors will be paid at once in full except those who consented to an extension of four months, and even these, it is believed, will be paid before the expiration of that time.

12. December 1, 1898 Albuquerque Daily Citizen Albuquerque, NM
Article from Albuquerque Daily Citizen, December 1, 1898

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Paying Depositors. New York, Dac. 1.--The Tradesmen's National bank, which suspended business Oct. 4th, opened to-day for liquidation. The bank has to its credit $1,600,000; in addition there is $618,000 due depositors who agreed to wait four months for their money. Fifty per cent of this was to be paid Jan. 1st. Depositors to whom $100 or less is due are being paid to-day.

13. December 2, 1898 The Worcester Spy Worcester, MA
Article from The Worcester Spy, December 2, 1898

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OPENS ITS DOORS FOR LIQUIDATION. New York, Dec. 1.-The Tradesmen's National Bank, which suspended business Oct. 4, opened its doors today for liquidation. The bank has to its credit $1,600,000. In addition, there is $618,000 due depositors, who have agreed to wait four months for their money. Fifty per cent of this will be paid in January. The depositors to whom $100 or less is due are being paid today.

14. December 2, 1898 Wheeling Register Wheeling, WV
Article from Wheeling Register, December 2, 1898

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BIG BANK LIQUIDATING. NEW YORK, December 1.-The Tradesmen's National Bank, which suspended business on October 4, opened its doors to-day for liquidation. The bank has to its credit $1,600,000. In addition, there is $618,000 due depositors who have agreed to wait four months for their money. Fifty per cent. of this will be paid in January. The depositors to whom $100 or less is due are being paid to-day.

15. December 2, 1898 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, December 2, 1898

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Tradesman's National Liquidates. New York, Dec. 1-The Tradesmen's National bank. which suspended business on October 4. opened Its doors today for liquidation. The bank has to its credit $1,600,000. In addition, there is $618,000 due depositors who have agreed to wait four months for their money. Fifty per cent of this will be paid in January. The depositors to whom $100 or less is due were paid today.

16. December 2, 1898 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, December 2, 1898

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TELEGRAPHIC BRIEFS. The Tradesmen's National bank at New York, which suspended business on Oct. 4, opened its doors yesterday for liquidation. The bank has $1,600,000 to its credit. General Waldridge, superintendent of public works, New York, requested Governor Black to suspend him from office, pending an investigation of his department by the courts. Colonel J. H. Page of the Third United States infantry resumed his position in command of that regiment at Fort Snelling after several months' illness as a result of the Santiago campaign. Judge Smith, at Cincinnati, appointed A. M. Ferris receiver for the National Fraternal Union, limiting his duties to the seven-year certificates. The court intimated that if other classes want to have a receiver they must make separate applications. A call for a National Christian Citizenship convention, to meet in Washington Dec. 13, has been issued by a number of officers of reform associations and leading citizens. The convention is called to discuss problems of government forced upon congress by the results of the with Spain.

17. December 16, 1898 Weekly Independent Elko, NV
Article from Weekly Independent, December 16, 1898

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"SOUND MONEY.' The New York Sun occasionally shines with its old time lustre, as witness the following: "News comes from Emporia, KanBas, that the president of the First National Bank of that city has committed suicide after wrecking the bank 80 badly that not only are its capital and surplus gone. but the depositors will get little or nothing of the $500,000 owing them. As a consequence of this failure, the neighboring Madison bank has been obliged to close its doors. "Only a few weeks ago the Trades. men's National Bank of this city, which the Controller of the Currency supposed was perfectly sound, was examined by a committee of the Clearing House and found to be in solvent. Its depositors have not yet been paid a cent. and its stockhold. ers will probably lose the greater part of the money they have invested in its stocks. "When the Chestnut Street Nation al Bank of Philadelphia failed, a year ago, the discovery was made that it had been insolvent for over a year, and the Comptroller of the Currency knew it. Still, the bank was permitted to continue doing business and to receive deposits, because, as the Comptroller declared, closing its doors might have caused runa on other Philadelphia banks and lead to a panic. "These are but specimens of occur. rences which happen every few days. The failures of national banks are so frequent that they excite no comment and interest nobody but the sufferers by them. As a protection to bank creditore the Government manage. ment of banks is A delusion, and 80 would be its protection of bank note holders, If the notes were not secured by bonds. "Yet, the bankers and the eo-called currency reformers want the govern. ment to 'go out of the banking busi. ness," by turning over the function of issuing circulating notes exclusively to the banks. and let the people look

18. January 1, 1899 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, January 1, 1899

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TRADE AND INDUSTRY. JANUARY. 1-Fall River spinners vote to accept a reduction in wages. 15-The Kentucky Trust company of Louisville assigns; William Reinecke, missing vice president, a confessed defaulter. 17-A cotton mill strike against reduced wages begins at New Bedford and other New England points. 19-Leaders of the English-engineers' strike accept terms. 26-The inter-state coal convention at Chicago adjourns after settling all points in favor of miners. FEBRUARY. 1-Michigan iron mining wages raised. 2-Cashier Quinlan of the Chemical National bank, New York, resigns, having loaned $393,000 on collateral supposed to be worthless. 3-The National Biscuit company organized. 4-New York Central directors authorize the issue of $100,000,000 bonds for the purchase of Lake Shore railroad stock. 8-Three thousand New York trousers makers strike. 17-The Eastern division of the Kansas Pacific railroad sold under foreclosure to the reorganization committee. MARCH. 5-The Rock Island railroad mortgaged for $100,000,000. 15-A Bessemer pig iron pool formed. 18-The wire nail combination perfected. 23-A receivership suit brought against the Guarantors' Finance company, Philadelphia. 25-The People's bank. Philadelphia, closes its doors after the suicide of Cashier Hopkins. 30-Depew resigns the presidency of the New York Central railroad to assume the chairmanship of the entire Vanderbilt system. APRIL. 2-U. S. Judge Taft. at Cincinnati, decides Clover Leaf railroad bonds valid and decrees foreclosure sale. 4-Five thousand Chicago carpenters strike. Two thousand cotton mill operatives at Taftville, Conn., strike. 11-A receiver asked for Dolge & Son at Dolgeville, N. Y. MAY. 1-Steam fitters of the country strike. 9-Robert Lindbolm, Chicago board of trade operator, assigns. JUNE. 7-Arkell and Judge Publishing companies, New York, apply for receivers. 8-The Southern iron agreement collapses. Ernest T. Hooley. the English promoter, declared bankrupt. 15-Joseph Leiter's wheat corner collapses. 22-The Baltimore & Ohio railroad reorganization plan made public. JULY. 1-Chicago stereotypers strike, suspending for several days publication of every morning newspaper in the city. 14-Subscriptions to the government war loan closes. AUGUST. 1-The bankruptcy law takes effect. 3-The United States Spirits association organized. 11-The Westinghouse Electrical and Manufacturing company announces that its floating debt would be funded by the issue of $3,500,000 in gold debenture certificates. 13-Arbuckle sugar refinery begins operations. 17-Charles M. DePauw of New A1bany, Ind., files a petition in bankrutey. 18-The tinware trust fails. SEPTEMBER. 3-Flint glass manufacturers organize a trust. 6-American Indies company organized in New York. 9-The Federal Steel company incorporated. 16-James J. Hill's Chicago syndicate secures control of the Baltimore & Ohio railroad. 23-A receiver appointed for the New England Loan and Trust company, New York. OCTOBER. 4-The Tradesmen's National bank of New York closes its doors.

19. January 3, 1899 Twice-A-Week Plain Dealer Cresco, IA
Article from Twice-A-Week Plain Dealer, January 3, 1899

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HAPPENINGS OF 1898. A Chronological Array of the Most Prominent Events. STORY OF SPANISH-AMERICAN WAR. Brief Mention of Financial Failures, Startling Catastrophes and Crimes-Necrology of Year - Politics and Sport. BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 24-National, Paola, Kan., suspended. 81-First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16-Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul.20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia., $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N.Y., closed. 19-First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabilities, $7,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. President suicides an hour later. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.

20. January 6, 1899 The Iola Register Iola, KS
Article from The Iola Register, January 6, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. - First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16- Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, la. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, III. $150,000. 7-Fillmore county, Preston, Minn., $156,000 Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forgo, Va., liabilities, $50,000. Oct. 4 --Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., Habil German national of Fitts ties $103,000 burgh, Pain liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29 -Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., sus pends, 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., clease doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation.

21. January 7, 1899 The Cape Girardeau Democrat Cape Girardeau, MO
Article from The Cape Girardeau Democrat, January 7, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, III $60,000. 24-National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 21-Bank of Southern Baltimore, $170. 000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia. $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. -Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150, 000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich, $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing_2., suspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Teledo O., goesinto voluntary liquidation.

22. January 7, 1899 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, January 7, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. -National, Paola, Kan., suspended. 1-First national, Larimore, N. D., $71,754. Feb. 24 -Bank of Southern Baltimore, $170,000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25 Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. .20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia., $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill. $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000 closed; resumed on Nov. 15. 29 Second national, of Springfield, O., goes into liquidation. Nor. 5- First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national. of Toledo, O., goes into voluntary liquidation.

23. January 13, 1899 The Holly Chieftain Holly, CO
Article from The Holly Chieftain, January 13, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24 -National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170, 000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. .20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, 1a., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (sus pended) Aug. 11-Bank of Waverly, III., $150,000. 27 -Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Aia., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., lia bilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon. O., capital 350,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, 0, goes into liquidation. Nov. 5-First national, of Flushing., O., suy. pends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doora with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.