21dd00c3Full suspension, Books examined
Other: Bank was placed in charge of a bank examiner and later permitted to reopen after complying with Comptroller conditions.
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THE SILVER ISSUE. Prices Higher in London. but a Panic in Denver-The Extra Session. DENVER, Col., July 1, 1893.- - The First National Bank at Rico closed its doors today because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dismissed from work were paid with checks on the bank and they are clamoring for coin. All business firms have shut down on credit.
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BANK DOORS CLOSED. The Building Surrounded by Angrv Miners Who Threaten Violence. DENVER, July 1.-The First National bank at Rico closed its doors to-day, owing to a run which exhausted the funds. The miners who were discharged by the closing of the mines were paid off in checks on the bank and have surrounded the building threatening violence. The situation is critical.
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Action in Western Bank Failures. Controller Eckels today appointed J. H. Adams receiver of the failed Citizens' National Bank of Spokane, Wash. He also directed Bank Examiner Swan to take charge of the failed First National Bank of Provo, Utah. and Bank Examiner Latimer to take charge of the failed Nebraska National Bank of Beatrice. The First National Bank of Rico, Colo., which has also failed, will be placed in the hands of a bank examiner during the day. All the banks are small institutions.
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Denver Banks Can't Stand the Run by Ex. cited Miners. DENVER, June 30.-The First National Bank at Rico closed its doors to-day because of a run. Matters are decidedly critical. for the miners are excited and talk wildly of bloodshed. Those dismissed from work were paid with checks on the bank and they are clamoring for coin. All business firms have shut down on credit. The First National Bank of Provo suspended to-day: assets. $90,000; liabilities. $55,000.
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BANKS CLOSE THEIR DOORS. At Rico, Colo., the Miners Are Excited and Talk of Shedding Blood. SALT LAKE, UTAH, July 1.-The First National/Bank of Provo closed its doors yesterday morning. A. O. Senoat is president and W. H. Dusenberry cashier. The assets are $115,000 and the liabilities are the same. Inability to make collections is the cause of failure. GEORGETOWN. COL., July 1. - The bank of Clear Creek county made an assignment yesterday. The assets amount to $397,000, while the liabilities are but $223,000. DENVER, COL., July -The First National Bank of Rico closed its doors yesterday because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dismissed from work were Said with checks on the bank and they are clamoring for coin. All business firms haye shut down on credit. FORT WORTH, TEX., July 1.-The Exchange Bank at Iowa Park closed its doors yesterday. The liabilities and assets are unknown here, but it is believed the depositors will be paid in full. A sudden withdrawal of deposits caused the suspension.
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In the Care of Bank Examiners. WASHINGTON. July 1.-Comptroller Eckels to-day appointed J. H. Adams receiver of the failed Citizens' National Bank of Spokane. Wash. He also directed Bank Examiner Swan to take charge of the failed First National Bank of Provo. Utah. and Bank Examiner Latimer to take charge of the failed Nebraska National Bank of Beatrice. The First National Bank of Rico. Col., which has also failed. will be placed in the hands of a bank examiner during the day. Comptroller Eckels was informed this afternoon of the failure of the First National Bank of Phillipsburg. Mon. Capital. $50,000.
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An Immense St. Louis Concern in a Receiver's Hands, ST. LOUIS, July 1.-The Madison Car company filed articles of assignment in the recorder's court at Edwardsville, Ill., today. The assets are given at $918,000 and liabilities at $1,122,000, Paul A. Fusz is named as assignee. The company recently erected a large plant for the manufacture of railway cars at Madison, III., opposite this city, and has endeavored to build up a city similar to Pullman, III. The company has been in straitened circumstances for some time, and the stringency of the money market has precipitated the failure. About 690 were employed at the works. The announcement of the failure created surprise in mercautile circles in this city, owing to the fact that the stockholders of the company are all St. Louis people. Many of the stockholders are also heavily interested in the Merchants' Bridge, the Security Building and other large enterprises. The company is capitalized at $500,000,and about six months ago floated an additional bonded indebtedness of $500,000. This was used in p ying off pressing obligations. The company has done a heavy business in manufacturing railway cars and material, and it is said had some difficulty in securing payment for material and rolling stock furnished to different railroads. OSALT LAKE, Utah, July 1. - The National Bank of Commerce at Provo closed its doors this morning owing to a run caused by the failure of the First National bank yesterday. Assets, $80,000; capital. $50,000; other liabilities, $25,000. FORT WORTH, Tex., July 1.-The Exchange bank at Iowa Park closed its doors yesterday. The liabilities and assets are unknown here, but it is believed that the depositors will be paid in full. A sudden withdrawal of deposits coused the suspension. PHILADELPHIA, July 1.-Executions have been issued from common pleas court on five judgments entered on judgment notes aggregating $44,842.40, against Charies Illingsworth, dealer in morocco. OMAHA, Neb., July 1.-The Nebraska National Bank of Beatrice, capital: $100,000, and the American Bank of Beatrice, a small concern, both closed their doors today. They have been in a weak condition for some time. DENVER, Col., July 1.-The First National Bank of Rico closed its doors yesterday because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dis missed from work were paid with checks on the bank. and they are clamoring for coin. All business firms have shut down on crodit. WASHINGTON, July 1.-Comptroller Eckels today appointed J. R. . Adams receiver for the failed Citizens' National Bank of Spokane. He also directed Bank Examiner Swan to take charge of the failed First National Bank of Provo, Utah, and Bank Examiner Latmer to take charge of the failed Nebraska National Bank, of Beatrice, Neb. Comptroller Eckels was informed this afternoon of the failure of the First National bank of Phillipsburg, Mont. He has directed Bank Examiner Aubry to take charge of the failed National Bank at Ricu, Col.
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MORE WESTERN BANKS CLOSE THEIR DOORS. Denver, July -The First National Bank at Rico closed Its doors yesterday, because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dismissed from work were paid with checks on the bank, and they are clamoring for coin. All business firms have shut down on credit. GeorgeTown, Col., July 1.--Owing to the unexpected demands made during the last few days, the Bank of Clear Creek County made an assignment yesterday morning to Lafayette Hanchett. A placard was hung upon the window of the bank announcing as follows: s If conditions change so that we can obtain money on our securities, we shall resume at once." The assets of the institution are more than ample to meet very obligation. They amount to $397,000, while the liabilities are only $233,000. Salt Lake City, Utah, July 1.-The First National Bank of Provo closed its doors yesterday morning. A. O. Senoat is president, and W. H. Dusenberry cashier. The assets are $115,000, and the liabilities are the same. Inability to make collections or rediscounts is the cause of the failure. Officials expect the bank will soon resume business. Beatrice, Neb., July 1.-The Nebraska National Bank and American Bank failed to open their doors this morning. Each bank had a capital of $100,000. Washington, July 1.-Controller Eckels to-day appointed J. H. Adams receiver of the failed Citizens' National Bank of Spokane, Wash. He also directed Bank Examiner Swan to take charge of the failed First National Bank of Provo, Utah, Bank Examiner Latimer to take charge of the failed Nebraska National Bank of Beatrice, and Bank Examiner Aubry, to take charge of the First National Bank of Rico, Col. All the banks are small institutions.
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Failures. BEATBICE, Neb. 3.-The Nebraska National bank and American bank have failed. Each bank had a capital of $100,000. Washington.-Comptroller Eokles appointed J. H. Adams receiver of the failed Citizens' National bank, of Spokane, Wash. He also directed Bank Examiner Swan to take charge of the failed First National bank of Provo, Utah, and Bank Examiner Latimer to take charge of the failed Nebraska National bank of Beatrice. The First National bank of Rico, Colo., which has also failed, will be placed in the hands of a bank examiner.
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Clamoring for Coin. DENVER. July 3.-The / First National bauk of Rico closed its doors because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dismissed from work were paid with checks on the bank and they are clamoring for coin. All business firms have shut down on credit.
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Clamoring for Coin. DENVER. July 3. -The - First National bank of Rico closed its doors because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dismissed from work were paid with checks on the bank and they are clamoring for coin. All business firms have shut down on credit.
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Act "P to and including yesterday the end of the fiscal year, was 156,664,590 fine ounces, costing $147,138,375. Its worth at 62c. per fine outice is $92,132,046 to-day, showing an actual loss of $55,000,000. These figures are official, and will be in an official ment. statement soon to be issued from the DepartDenver, July 1.-The silver question is still the absorbing topic throughout Colorado. The managers of the various smelting works reiterate their intention of closing their plants in accordance with the resolution adopted at Thursday's meeting. This does not mean that the fires will be damped down immediately, but will be confined to the treatment of ores on hand, no more being received from any source. Smelters practically an nounced their intention to do this some days ago, and it is thought that the stopping of the output of silver in Colorado will not throw the thousands of miners out of employment for some weeks. The case is different with the silver mines in Colorado. Many great mines closed at Leadville yesterday, and several thousand men are out of work. The mines have also beenclosed at Rico, Creede, Aspen and elsewhere. Merchants throughout the State are countermanding orders for goods from the East. The Cleer Creek County Bank at Georgetown has closed its doors, Its assets are $392,000, and its liabilities $233,000. The reasons given for the suspension are the tightness of money and the fall in silver. The First National Bank at Rico, Colorado, has also closed its doors. The miners are excited, and threaten violence. Men dismissed from work were paid with cheques on the bank, and they are clamouring for their money.-- Daily Tslegramh, July 3rd.
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SUSPENDED BANKS RESUME BUSINESS. Washington, Aug. 16.-The First National Bank of Rico, Col., which suspended payment on June 30, 1833, having complied with the conditions imposed by the Controller of the Currency, and its capital stock being unimpaired, was to-day permitted to reopen its doors for business. Kansas City, Mo., Aug. 16.-The Armourdale Bank, at Armourdale. which suspended business in the financial crash in the two Kansas Cities one month ago, yesterday reopened Its doors and resumed busines Fort Scott, Kan., Aug. 16.-The First National Bank of this city, which suspended on July 18, resumed business this morning. Bank Examiner Latimer, of Sedalia, who has been in charge since 10
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Will Resume Business. WASHINGTON, Aug. 17.-The First National bank of Rico, Colo., which suspended payment June 30, 1893, having complied with the conditions imposed by the comptroller of the currency, has been permitted to reopen its doors for business.
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NEWS IN BRIEF. / Matters of More or Less Importance Tersely Touched Upon. Emma Rice, wife of the cowboy evangelist, was rotten egged by a mob in Chicago while preaching on the street. Seven valuable St. Bernard dogs, owned by Dr. Arthur Rutter, a dog fancier, 628 Vernon avenue, Long Island City, were poisoned by unknown persons. The Chilian claims commission have adopted rules for procedure and adjourned to meet Oct. 9, when the adjudication of claims will begin. These claims date back many years and do not grow out of the assault of the Baltimore sailors. The First National bank of Rico., Colo., which suspended payment in June, having complied with the conditions imposed by the comptrollor of the currency, and its capital stock being unimpaired, has been permitted to open its doors for business.
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Friday, Aug. 18. Emma Rice, wife of the cowboy evangelist, was rotten egged by a mob in Chicago while preaching on the street. Ernest Osmond, an English bicyclist, covered two miles on a safety in 4 minutes 24 2-5 seconds, breakingall records. Seven valuable St. Bernard dogs, owned by Dr. Arthur Rutter, a dog fancier, 828 Vernon avenue, Long Island City, were poisoned by unknown persons. A. A. Zimmerman won the one mile open, the half-mile international and the one-fourth mile open at the Ripon, (Wis.) bicycle tournament Thursday. The First National bank of Rico., Colo., which suspended payment in June, having complied with the conditions imposed by the comptrollor of the currency, and its capital stock being unimpaired, has been permitted to open its doors for business.
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Friday, Aug. 18. Emma Rice, wife of the cowboy evangelist, was rotten egged by a mob in Chicago while preaching on the street. Ernest Osmond, an English bicyclist, covered two miles on a safety in 4 minutes 24 2-5 seconds, breakingall records. Seven valuable St. Bernard dogs, owned by Dr. Arthur Rutter, a dog fancier, 828 Vernon avenue, Long Island City, were poisoned by unknown persons. A. A. Zimmerman won the one mile open, the half-mile international and the one-fourth mile open at the Ripon, (Wis.) bicycle tournament Thursday. The First National bank of Rico., Colo., which suspended payment in June, having complied with the conditions imposed by the comptrollor of the currency, and its capital stock being unimpaired, has been permitted to open its doors for business.
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A LATER ACCOUNT FRESNO, Cal. Aug. 18.-It is thought a permanent check was put last night to wholesale raids on Chinese in vineyards by unemployed white men. At midnight Sheriff Sectt with a posse of twelve men went out to intercept a mob that had raided Fancher Creek nursery and was driving the Chinese to town. The sheriff intercepted them, liberated thirty-two Chirese and Japanese and sent them back to their work today. The sheriff bas announced that he will arrest any persons unlawfully interfering with the Chinese. One of these assaulted at the Wahl's vineyard will die. Officers were searching for those who assaulted him at 1 o'clock. Idle men will be put to work picking up brick where the Masonic temple was burned. Piling up 500 bricks gives three meal tickets. That is all one man will be allowed to do each day. Forty men can work at a time. Many are going into the country to work for their board, for a few days, till grape picking begins. There will be no trouble in finding work for all men now in Fresno but no more men are needed and if they come they will not be given employment. The men here who will not work when given a chance will be driven out, or put in the chain gang. COLORADO SPRINGS, Colo., Aug. 18.-H. T. Pickett, visiting here, has received a telegram from Washington announcing his appointment to the supreme bench of New Mexico. STOCKTON, Cal., Aug. 18.-The copper mines at Copperopolis have closed down, throwing 300 men out of employment. The mines were opened thirty years ago. Washington, Aug. 18.-The First National bank, of Rico, Colo., which suspended payment on June 13, having complied with the conditions imposed by Comptroller Eckels, has today been permitted to resume business.
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BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. 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, Denver, $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; Farmers' National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky. $300.000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000; Waxahachee National Bank, Waxahachee. Tex., $100,000; CitIzens' 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.
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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.