1477. Bank of Sterling (Sterling, CO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 19, 1893
Location
Sterling, Colorado (40.626, -103.208)

Metadata

Model
gpt-5-mini
Short Digest
4550a16f

Response Measures

None

Description

Multiple contemporaneous dispatches (dated July 19–20, 1893) report the Bank of Sterling 'assigned' or 'suspended' (assignment = failure/receivership). There is no specific description of a depositor run on this particular bank in the clippings; causes cited in the coverage point to general financial stringency/panic in July 1893, so I classify the cause as macro_news. I include both a suspension and a receivership event (assignment) on July 19, 1893.

Events (2)

1. July 19, 1893 Receivership
Newspaper Excerpt
The J. B. Wheeler Banking company; the Pioneer bank of Aspen, Colo.; the Bank of Sterling, Sterling, Colo., and the Bank of Loveland ... have assigned.
Source
newspapers
2. July 19, 1893 Suspension
Cause
Macro News
Cause Details
Financial stringency / nationwide banking panic in July 1893 leading to suspensions and inability to secure currency or correspondent support; Bank of Sterling closed/assigned amid the panic.
Newspaper Excerpt
the Bank of Sterling, Sterling. Colo., have assigned.
Source
newspapers

Newspaper Articles (16)

Article from The Anaconda Standard, July 20, 1893

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Country Banks Fall. DENVER, July 19.-The J. B. Wheeler Banking company: the Pioneer bank of Aspen. Colo. : the Bank of Sterling, Sterling. Colo., and the Bank of Loveland, Loveland. Colo., have assigned. No statements are made.


Article from Richmond Dispatch, July 20, 1893

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Colorado Banks Assign. (By telegraph to the Dispatch.) DENVER, COL. July 19.-The J. B. Wheeling Banking Company, the pioneer bank of Aspen, Col. : the Bank of Sterling. Sterling, Col., and the Bank of Loveland, Loveland, Col., have assigned. No statements of assets or liabilities have been issued.


Article from The Morning News, July 20, 1893

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Small Banks Go Under in Colorado. Denver, Col., July 19.-The - J. B. Wheling Banking Co., Pioneer Bank of Aspen County, the Bank of Sterling, at-Sterling, Col., and the Bank of Loveland, Col., have assigned. No statements of assets or liabilities have been issued.


Article from New-York Tribune, July 20, 1893

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BANKS CONTINUE TO CLOSE. Hutchinson. Kan., July 19.-Owing to financial stringency, making it impossible to secure currency sufficient to meet its demands, the Hutchinson National Bank did not open its doors this morning, but posted notice of suspension of payment. The assets are $251,000, and the liabilities $131,000. The bank was in good condition and under ordinary pressure would not have experienced any difficulty. It is the first bank failure in the history of the city. There is no doubt that depositors will be paid in full. Topeka, Kan., July 19.-Information has been received at the office of the State Bank Commissioner of the failure of the State Bank of Parker. Linn County, and of the Woodson State Bank of Yates Centre, Woodson County. Both are small concerns. Washington. July 19.-The Controller of the Cur rency is informed of the failure of the Bozeman Na. tional Bank. of Boreman, Montana. Denver, July 19.-The J. B. Wheeling Banking Company. pioneer bank of Aspen, Col.: Bank of Sterling, Sterling. Col., and the Bank of Loveland, Col., have assigned. So statements of assets or liabilities have been issued. Oklahoma City, O. T., July 19.-The Pank of Ok lahoma City and the Oklahoma National Bank closed their doors this afternoon. There With a heavy run on the First National, but 11 withstood it all right. Statements are unobtainable now. Loveland. Col., July 19-The following notice was posted on the door of the Bank of Loveland just before noon to-day : Owing to the closing of our Denver correspondents we have decided to close our doors temporarily. Our assets are largely in excess of our liabilities. Every depositor will be paid in full. G. L. SMITH. Cashier. The principal correspondent of this bank In Denver was the German National Greeley, Col. July 19. The Union Bank closed Its doors in 1 p. m. to-day. and a half-hour later the Greeley National Bank pulled down its blinds and turned the key in its door. The Union's statement says that owing to the suspension of certain Denver National banks, which had on deposit several thousand dollars of Its money. and the fact that there was a steady withdrawal of deposits, about $80,000 in the last ninety days, they were compelled to suspend business. They say their liabilities are about $100. 000. with assets and paid-up capital of $300,000. As soon as the fact of the suspension of these banks became known. a steady run was made on the First National bat It continued to honor all checks and drafts. and even after the regular closing hour cashed two checks presented.


Article from Pawtucket Tribune, July 20, 1893

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COLORADO'S BANKS. More Suspensions Announced, but the Panic Has Apparently Subsided. DENVER, July 20.-The - J. B. Wheeler Banking company, Pioneer bank of Aspen, Bank of Sterling, Sterling. and the Bank of Loveland, have assigned. No statements of assets or liabilities have been issued. J. A. Thacher, president of the Denver National bank and also of the clearing house, said last evening that he anticipated no more bank failures. Those that kept open passed through the clearing house in good shape and showed that they were in excellent condition for the future. An examination of the affairs of the closed banks has been made, and to the credit of their officers it can be said that in no instance has there been found the slightest dishonesty or crooked work. The bank panic has apparently ceased. The run on the national banks had entirely subsided by noon, and at the closing hour there was not a half a dozen people in or around any of these institutions, and the streets had ueserted appearance. The weak bank have all been closed, and there can be but little doubt of the soundness of the five that withstood the storm of yesterday.


Article from The Morning Call, July 20, 1893

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Three More Denver Banks Suspend. HOPE FOR THE REMAINING. Institutions Still Standing on Be= lieved The to Be Sound-Teller the Situation. Special to THE MORNING CALL struck DENVER July 19 -The with renewed panic vigor this city this of morning the old German stability National of as a result with a reputation for the equally standing, and failed strong twenty Bank. years' State National and having extremely this morning. in reputable People's National line in night depositors National, stood and by front All of the German string of faces was stretching o'clock one down long the street. where the State At the opposite 80 long corner, done business, Here was on also National crowd has of anxious relieved depositors. of their doubts the when. the door peopie at 9 of were o'clock, to the the bank lack 8 notice of that ready was it would before cash. posted not the open, owing National, just on the opening At the time. German a notice the was JOOIS posted were closed window stating that notice caused a dis- the and tressing scene. tears and wailing. temporarily. This out Men in women down at long line broke National closed 11 The notice market was so severe o'clock. The People's the money on the door longer said with- the stringency of impossible to stand the it was storm. showed A less statement than $60.000 published $210,000. cash, on the 12th subject to check of with The President capital deposits of McNeill the bank of out is the $600,000. over State $990,000 Bank in paid the says thirty days. as the liabilities. the last his are bank twice has as large and German he declares National assets of the securities and the inability to caused the sussays The failure cashier to call in loans place There has been pension the of his bank. bank for sixty days. deOver constant million drain dollars on the has been paid to the positors. bank expected $300,000 failed from to come. The this morning, but surplus it is $500,000. East The bank's capital and The assets exceed It expects to resume. greatly the on liabilities. the national banks at the had closing entirely were not half a hour The there subsided run of by these noon, institutions. and dozen people there The have all been soundness can weak be but little withstood doubt of the terrible yesterday and the around the five banks that any to-day. the closed and Denver storm of 1. A. Thatcher, president of the Clearing-house of no this National and also that he anticipated more the in good evening failures. through stated The Clearing-house banks that that they had are are kept in for the open shape and showed future. "I'm excellent condition that if the financial condition he said, of confident country brightens a resume little," and that every the "the failed depositor banks will will all be paid dollar for dollar." Examiner Adams National, this morning Comtook Bank charge of the National Union Bank of Commerce. mercial State National. National and German National. A number of minor commercial concerns went under J. B. to-day. Wheeler Banking Company. Colo., the The Pioneer Bank of Aspen, the Bank of the Sterling. Colo., and assigned. Loveland, Bank of Loveland, made. Colo., have No statements were in an interview upon the financial Senator situation Teller, reason in to which this city, the trouble says: but "There is no It is partly silver, more can be to charged. the general depression affecting the entire country. failures yesterday were to the unwarranted "The bank who and became directly frightened, chargeable banks panic- in the people, at a shadow. No condition United stricken States are in a better than those unbridled in this city. language and excited while "Such press dispatches brought the most talk as East the can have nothing but I was action on our case." injurious expressed the belief that not the Sher- withTeller would be repealed, but benefit to man out a law substitute of greater silver. referred to acting Director sprig" of and the He Preston as a "young attempt to Mint clerk" because of his "officious go down the Government, price of silver, like and this, declares, "to is jew great silver" pottering for a about for job lot of contemptible and inexcusable. Hallack Sayre Newton to Lumber FredThe assigned this evening given. No schedule erick F. Sayre. said that Company the assignee. was closing the F.D. Sayre, was the result of the necesState National Bank and was the of the time during assignment simply to gain is in pres- very sary excitement. The company in the ratio ent the assets to 1, progood liabilities condition, standing against of 3 good, can the vided the securities, which are be realized upon. Blake Lumber Company schedule has asThe to Emil B. Annla. No was consigned been filed. This company the Hallacknected has in a business way with Savre-Newton Denver Company. failures have affected Wheeler other The points. At Aspen the bank of Colorado Company. the pioneer afternoon. Banking closed its doors this at the the city, cannot be obtained A statement At Loveland the Bank assets of present time. closed about noon. At Its Sterling Loveland exceed the liabilities. schedule largely the Bank of Sterling closed. No has been filed.


Article from Waterbury Evening Democrat, July 20, 1893

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ANOTHER DAY OF PANIC. Many Denver Business Firms Go Down In the Crash. THINK THE BANK RUNS ARE OVER. Now Six National Banks of Denver Are Closed, but All Claim That They Will Resume-The Situation In Kansas a Lit. tle Better-Results Are Far Reaching. DENVER. July 20.-The timorous feeling among depositors in the Denver banks, which has resulted in closing a number of these institutions this week, seems at last to have reached its limit, and the people are now stopping to think, with the result that more money is being deposited than is withdrawn. The German, State and People's national banks closed their doors in order to forestall the heavy demands that it was evident would be made. As soon as the action had been taken, depositors in other banks seemed to take new courage, and during the day the talk on the streets was much more conservative and rational. The fivenational banks that are still open for business showed no signs of any unusual excitement among their patrons. Indeed, their banking houses were quieter than on many days during ordinary times, and everybody seems to feel that the end of the unjustifiable excitement has been reached. The run which was started on the First National bank was completely broken, and quiet was restored. The run was caused principally by those who were near at hand when notices declaring the suspension of the German and State National were posted. These people at once became panic stricken, although the remarkably strong condition of the First National is a matter of common knowledge. Around the Denver National, Colorado National, American National and City National banks all was quiet. There were very few calls for money, and a few of those who had withdrawn their money from the suspended banks were depositing in the banks that yet remained open. Among the officers of the banks which were open for business the expression was unanimous that the flurry was at an end, and that the people would now see the folly of their action in forcing a suspension of the banking institutions by all withdrawing their deposits at once and taking from circulation all the money that would ordinarily flow through the regular channels and help in sustaining the business public and the banks. The suspended banks all had much more than enough money to be considered a perfectly safe guaranty in ordinary circumstances and with business at its normal condition would have laughed at the idea of run. Business Firms Go Down. The Tucker Shirt and Furnishing company, Sixteenth street, assigned to Charles H. Burpie. Assets. $35,000, and liabilities $13,000. The Hallack-Sayre Newton Lumber company assigned to Frederick F. Sayre as a result of the closing of the State National bank. The Blake Lumber company assigned to Emmet B. Annis. The Palace drug store, Sixteenth and Curtis streets, made an assignment to F. F. Sayre. J. H. Naylor. a furniture dealer on Fifteenth street, assigned to Simon T. Horn. y The Stanley Shoe company attached the Union Clothing company. An assignment was made by the People's Coal company to John O'Neill. S Goldhammer & Weiss, saloon and restaurant keepers on Larimer street, were closed on d chattel mortgage. 8 August Werhle, jeweler, assigned to Otto d Schneider. The Harrison Hannahs, millinery store, Fif n teenth and Welton streets, assigned to Wil d liam F. Sherry. 1. Demange & Co., dealers in gentlemen's fur nishing goods. made an assignment to A E. Demange. e Silas B. Jacobs. gentlemen's furnishing goods on Seventeenth street, near Curtis, assigned F.J. White. The Denver. Lakewood and Golden Railroad e company has been sued by the General Electric company for $5,705.05, and a writ of at is tachment was issued out of the district court 1The Denver failures have affected other d Colorado points. At Aspen the Wheeler KBanking company, the pioneer bank of the city, closed its doors. 1At Loveland, Colo., the bank of s; land closed. Its assets will largely exceed ithe liabilities. S. At Sterling, Colo., the bank of Sterling closed. No schedule filed. t run was made on the First National r bank at Aspen, and the greatest excite of ment prevailed. One thousand people were n in line when the bank closed for the day.


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

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CONDENSED DISPATCHES. The first national convention of watchmakers convened at Chicago July 19. The Bank of Oklahoma and the Oklahoma National bank, of Oklahoma City, O. T., have assigned. The J. R. Wheeler Banking Co., of Aspen, Col.: the Bank of Sterling, of Sterling, Col., and the Bank of Loveland. of Loveland, Col., have as signed. Liord Aspiawall, a well-known club man of New York has been arrested on a chargo of forging his brother William's name to a note for $24,000. The steamship Nafmyth has been quarantined at New York. having arrived from Breail with yellow fever on board One death occurred on the voyage. The North Denver Savings bank and the private bank of Stevens & Hanchett, known as the Capital Savings bank, at Denver, assigned Tuesday afternoon. The deposits were email The McNamara Dry Goods Company. Denver, has been closed by attachment; liabilities, $250,000; assets unknown. Hyman & Ca, of the Bee Hive Store: McWhirter & Dips, dealers in mantels and tiles, and Eagle & Harris, dry goods, all of Deaver, have assigned. Attorney General Little, of Kansaa, is con. sidering the question of the right of railroad companies to mine enal or own stock in coal mining companies under their charters. If the law sustains his opinion he will proceed against them. The strikers claim that if the fluence of railroads is destroyed they could win their strike easily, which so far is unsuccessful


Article from The Salt Lake Herald, July 20, 1893

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TELEGRAPHIC BREVITIES. At Brooklyn the large carpet house of Bardenberg & Co., assigned yesterday. Judgments aggregating over $10,000 were filed against Erastus Wiman in New York, on notes, yesterday. The comptroller of the currency is informed of the failure of the Bozeman National bank of Bozeman, Mon. The Bank of Oklahoma city and the Oklahoma National bank have failed. The First National stood a heavy run. Four hundred andeighty-five thousand ounces of silver and 40,000 Mexican dollars will be shipped to Europe today. The steam yacht Oneida, with President Cleveland on board, left Newport yesterday morning, presumably for Gray Gables. The comptroller of the currency has been advised that the Hutchinson National bank of Hutchinson, Kan., has failed. The Kansas state bank commissioner is informed of the failure of the State bank of Parker, and Wood & Sons' State bank of Yates Center. Both are small. Charles Miller, a letter carrier at Mattoon, Ill., fired five shots at Laura Mack who had thrown him over, severely wounding her, and then killed himself. The J. B. Wheeler Banking company, the pioneer bank of Aspen, Colo,, the Bank of Sterling at Sterling, Colo., and the Bank of Loveland at Lovel and, Colo. have assigned.


Article from The Providence News, July 20, 1893

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STORM IS OVER. Financial Affairs at Denver Now Expected to Run Smoothly DENVER, July 20.-The U. B. Wheeler Banking company, Pioneer bank of Aspen, Bank of Sterling and the bank of Loveland have assigned. No statements of assets or liabilities have been issued. The bank panic has apparently ceased. The run on the national banks has entirely subsided. The weak banks have all closed, and there can be but little doubt of the soundness of those that withstood the storm of Tuesday and yesterday. J. A. Thacher, president of the Denver National and [also of the clearing house, said that he anticipated no more bank failures. Those that had kept ope n passed through the clearing house in good shape and showed that they were in excellent condition for the future. An examination of the affairs of the closed banks has been made, and to the credit of their officers it can be said that in no instance has there been found the slightest dishonesty or Brooked work.


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

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Bank of Sterling, Col., has suspended. C. M. Smith is the principal owner. Fred H. Hanchett. the Capitol bank and Stephens, Hanchett & Co., of Curtis street, assigned at 4:30 yesterday afternoon to William J. Robinson. The bank was owned by Stephens, Hanchett & Co., and had about 300 depositors, who have small claims.


Article from The Bessemer Indicator, July 22, 1893

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Outside of Denver. A number of country banks have suspended, among the number being the Union Bank of Greeley, the J. B. Wheeler Banking Co. of Aspen, the Bank of Loveland and the Bank of Sterling


Article from Burlington Weekly Free Press, July 27, 1893

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DENVER, Col., July The panic was in in this city to-day with renewed vigor and as the result the Old German National with a reputation for stability of 20 years standing and the equally reputable State National failed to open their doors for business this morning. Later the People's National failed. All night long depositors stood in line in front of the German and by 9 o'clock there was one long soa of faces stretching down the streets. At the opposite corner, where the State has long done business, there was crowd of anxious depositors also quite awaiting the opening of the doors. Here the people were relieved of their agony at FL few minutes after 9 o'clock, when B notice was posted on the door that the bank would not open, owing to a lack of ready cash and the crowd moved away. At the German a slip of paper was posted on the windows stating that the doors would remain closed temporarily. Then the women down the long line broke out in tears and wailing. By this time there was a run on every bank in the city and soon came the announcement that the People's National bank had closed its doors. The notice on the doors read. "This bank closed by order of the board of directors. Net assets, $1,100,000; liabilities, $310,000." President McNeill of the State bank says his bank has Daid out in cash a trifla more than $900,000 within the last 30 days. He evidently tried to call in his loans in order to keep the doors open, but it proved to be an impossibility. In concluding a long talk, he said: "Our assets are fully twice as large as our liabilities." Charles M. Clinton, cashier of the German National, stated that the exceedingly hard times and inability to place securities, together with the failure to call in loans, had forced them to close their doors. During the last 60 days, he said, there has been a constant drain on the bank and over $1,000,000 had been paid to depositors. The bank expected $800,000 from the east this morning, but it failed to arrive and as we had paid out nearly all our money during yesterday's run we were forced to close. The officers expect it to rosume in time, as its assets are greatly in excess of the liabilities. The statement of the People's National published on the 12th showed that they had less than $60,000 in cash on hand, while the individual deposits subject to check, not counting any other, amounted to $210,000. The capital stock of the bank is $600,000. Later in the day Tucker & Co., dealers in gentlemen's furnishings and the Peoples' company, made assignmenta. This afternoon the run at the Denver National was over, with an enormous amount of money still in sight. The same is true at the city and all the other banks, and business men are breathing freely. At the closing hour there were not half a dozen people in or around any of the national banks here. The weak banks have all been closed and there can be but little doubt of the soundness of the five that withstood the storm of yesterday and to-day. D. A. Thatcher, president of the Denver National and also of the clearing house, this evening said that he anticipated no more bank failures. Those that kept open passed through the clearing house in good shape and showed that the were in excellent condition for the future. An examination of the affairs of the closed banks has been made and in no instance has there been found the slightest dishonesty or crooked work. "I am confident," said Mr. Thatcher, "that if the financial condition of the country brightens a little. they will all resume and every depositor will be paid dollar for dollar." The J. B. Wheeling Banking company of Aspen, Col., Bank of Sterling, Sterling, Col., and the Bank of Loveland, Col., have assigned. No statements have been issued. Two National Bank, Close Doors. WASHINGTON, July 19. -The comptroller of the currency has been advised that the Hutchinson National bank, Hutchinson, Kansas, closed its doors to business this morning, and that the Bozeman National bank of Bozeman, Montana, has failed. Failure of Two Kansas State Banks. TOPEKA, Kan., July 19.- Information has been received at the office of the State bank commissioner, of the failure of the State bank of Parker, Linn county, and the Woodson State bank of Yaltes Centre, Woodson county, both small concerns. More Business Failures. WASHINGTON, July comptroller of the currency bas been informed that the Farmers National bank of Henrietta, Tex., has failed. The First National bank of Grand Junction, Col,, has suspended; also the First National bank of Canon City, Col.; J. B. Wheeler & Co., bankers of Colorado City; T. A. Kent, broker, and the First National bank of Cheyenne, Wyo.; the First National bank of Harrisouville, Mo.: and the Johnson County Savings bank of Warrensburg, Mo. The Traders' bank of Tacoma failed to open for business


Article from The Redwood Gazette, July 27, 1893

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BUSINESS OUTLOOK. The Country Passing Through an Extraordinary Strain. Record of Bank Failures in Kansas and Colorado-A Milwaukee Bank Closes -Big Mills and Factories Ceasing Operations. WEEKLY TRADE REVIEW. NEW YORK, July 22.-R. G. Dun & Co.'s weekly review of trade says: "This week the country has withstood surprisingly well an extraordinary strain. The failure of many banks and firms have come despite the relaxation in eastern and in some southern and western money markets. Denver banks were overthrown largely by the crazy actions of the people, but in most cities statements show the banks in a healthy condition, and there has since been noticed more readiness to extend accommodation. Under all the conditions it is astonishing that business has been so well maintained with so little evidence of unsoundness. "The stagnation in iron has closed some mag. netite mines in this state and New Jersey and most of the mines in Michigan. Coke is moving downward, pig iron is inactive, and though dealings in bar and structural projects are somewhat larger prices are the lowest ever known. "Wheat has fallen 2 cents, corn 1 cent. Pork products and oil are lower. In place of the expected advance in sugar a decline has come and cotton, after some advance, recedes again. Western receipts of wheat are moderate and exports fairly large, but unprecedented stocks press for sale. The stock market closed last week hopefully, but by Wednesday had reached the lowest average of prices since 1884. London and short sellers then bought and some recovery has followed. "At Philadelphia banks are holding currency and strengthening themselves. An easier feeling prevails at Pittsburgh in ircn. The Cincinnati money market is easier and Cleveland reports grocery trade good, but iron wholly inactive. Toronto notes better feeling. Indianapolis no improvement but banks in strong position, and Detroit a quiet business with the outlook not very cheerful "At Milwaukee the closing of some manufactures and reduction of wages in others and the failure of the great iron syndicate are noticed. At St. Paul trade is restricted; at Minneapolis lumber sales are reduced and sales of flour below the output Omaha trade is good and St. Joseph fair. Receipts of cattle light at Kansas City. Denver trade is demoralized, but now more hopeful, and many reported assignments are regarded as a measure of protection. St. Louis reports business good. in volume and character. but trade checked by closeness of money, banks fortifying themselves. "The treasury has been paying gold to the banks, but on the whole increasing its holdings. Exports of products are a little larger than a year ago, but imports a so large. "The failures during the past week number 467 in the United States, against 168 last year, and twenty-five in Canada against nineteen, two of the failures exceeding $500,000 and 101 others exceeding $5,000 each. Last week the failures in the United States numbered 374." KANSAS BANK FAILURES. TOPEKA, Kan., July 2.-During the past week the following banks in the state have closed their doors: Bank of Johnson City, Bank of Weir City, Caney Valley bank of Caney. Bank of Meade, Meade county, First national of Fort Scott, Citizens' bank of Kansas City, Bank of Richmond, Farmers' and Merchants' bank of Ossawattomie, Citizens' of Armourdale, First national of Anthony, Bank of Belleville and the Hutchinson national of Hutchinson. -COLORADO BANKS. DENVER, Col., July 22.-Seven banks in this city suspended during the past week. Throughout the state suspensions were reported as follows: The Bank of Sterling, the Bank of Loveland, First national and Union at Greeley, National at Grand Junction, First national at Canyon City and the Bank of Crested Butte. A MILWAUKEE BANK ASSIGNS. MILWAUKEE, Wis, July 22.-The Commercial bank has made a voluntary assignment. The assignee named in the papers filed is A. B. Geilfuss, the cashier of the bank, and his bond is placed at $1,700,000. The entire fund of Milwaukee county, amounting to $310,624, was deposited in the Commercial bank. Another big depositor was the newly-organized Milwaukee Electric Railway company, to the extent of $200,000. The last statement of the bank showed demand deposits amounting to $557,748 and time deposits $528,919. The bank had a capital of $250,000. The liabilities of the bank® are estimated at about $1,500,000 and the assets at about $1,700,000. BIG MILLS TO CLOSE. MILTON MILLS, N. July 22.-The


Article from The Times, July 28, 1893

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'he News Condensed. Important Intelligence From All Parts. DOMESTIC. IN Colorado the J. B. Wheeler Bank g company at Aspen, the Bank of erling at Sterling, and the Bank of veland at Loveland, have assigned. JOHN SWARTOUT. of Morrison, Ill., eted for the murder of hisfather, jail of consumption. THE Milburn wagon works at Toledo, , employing 1,500 men, the largest itution of its character in the United ates, closed down for six months. MRS. CONRAD VEILHAM, of Tonawan , N. Y., has fallen heir to $4,000,000 rough the death of an uncle in India DURING the twelve months ended ne 30, 1893, the number of immigrants riving in the United States was 497, 3,and during the corresponding period the preceding year 619,320 arrived. A FIRE at Susanville, Cal., resulted e destruction of sixty buildings and used a loss of about $250,000. CoL. BENJAMIN F. JOHNSON, one of e leading attorneys of Kansas City, an., was shot down in the streets and stantly killed by A. W. Little, one of e most prominent citizens of the wn. Financial trouble was given canse. e AN incendiary fire at Greenville, Miss., used a loss of $100,000. THE National bank at Hutchinson, in., failed with liabilities of $131,000 d the Bank of Parker and the Woodn bank of Yates Center, in the ate, closed their doors. THREE sons of Mr. Lave, of Gregg unty, Tex., robbed their father of 2,000 and fled. Two were caught. LIGHTNING killed James Witts' two ildren while they were standing un r a tree during a shower at Sadlers lle, Tenn. THE pension office in Washington tes that the total number of penners dropped from the rolls since arch 4, 1893, was 245, and that the tal number of pensioners suspended ce March 4, pending a further invesration of their cases, was 5,090. IN a freight wreck near Jonesboro, ., Engineer Ben Wade, Fireman Joe mmis and Brakeman J. W. Marshall ere killed. BANK failures were reported as fol ws: First national at Harrisonville o., Oklahoma national at Oklahoma, rst national at Anthony, Kan., Bank Belleville, Kan., First national reeley, Col., National at Grand June on, Col., First national at Cheyenne, yo., and First national at Canyor ty, Col. OVER 30,000 men were idle in Colo do as a result of the closing down of ver mines, and it was feared that eat suffering would follow. IN territory near Toledo, O., aban ned thirty years ago as practically orthless, oil has been struck in im ense quantities. By the explosion of a gasoline stove ar Cincinnati John Ulrich, wife ild were fatally burned. THREE men were burned to death by dden flow of ignited oil at wells O ADVICES from Pittsburgh, Pa., at the plate glass trust has collapsed d that the many idle factories roughout the country will resume erations. THE Flanders dry goods house enver failed for $125,000. and will of the late Anthony


Article from The Meeker Herald, July 29, 1893

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Outside of Denver. A number of country banks have suspended, among the number being the Union Bank of Greeley, the J. B. Wheeler Banking Co. of Aspen, the Bank of Loveland and the Bank of Sterling. The following suspensions were announced on the 20th: The First National of Canon City, the J. B. Wheeler Banking Co. of Manitou and Colorado City, and the First National of Grand Junction.