16572. St Nicholas Bank (New York, NY)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: private
Start Date: August 9, 1893
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 61ce657a

Response Measures

Capital injected, Full suspension, Books examined

Description

An incipient run occurred Aug 9, 1893 tied to St. Nicholas's role as clearing agent for the failing Madison Square Bank; the run was stopped after Henry Goldstein bonded himself for $300,000. Later the St. Nicholas Bank was closed by the State Superintendent Dec 21, 1893 pending examination and a receiver (Hugh J. Grant) was appointed Dec 26, 1893. Bank is repeatedly described as a state bank in the articles.

Events (3)

1. August 9, 1893 Run

Cause: Local Banks
Cause Details: Run began after St. Nicholas refused to clear for the failing Madison Square Bank; depositor panic tied to that association.
Measures: Henry Goldstein agreed to bond himself for $300,000 to pay depositors, which stopped the run.
Newspaper Excerpt: A large crowd of small depositors assembled before the St. Nicholas Bank ... and a run was started. Later, however, Henry Goldstein ... agreed to bond himself in the sum of $300,000 to pay all depositors and the run stopped.
Source: newspapers

2. December 21, 1893 Suspension

Cause: Government Action
Cause Details: State Superintendent closed the bank pending examination after finding impairment of capital and its connection as clearing agent for the failed Madison Square Bank.
Newspaper Excerpt: Before the time for opening this morning, Superintendent of State Banks Preston posted the following notice on the door of the St. Nicholas bank: This bank is closed pending examination.
Source: newspapers

3. December 26, 1893 Receivership

Newspaper Excerpt: Judge Truax, of the supreme court, has appointed ex-Mayor Hugh J. Grant receiver of the St. Nicholas Bank. His bond is $250,000.
Source: newspapers

Newspaper Articles (24)

1. August 10, 1893 The Helena Independent Helena, MT

Article from The Helena Independent, August 10, 1893

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TELEGRAPHIC BREVITIES. NEW YORK, Aug. 9. -Fuller Brothers & Co., commission merchants, to-day assigned to C. B. Mulligan. ROCHESTER. Minn., Aug. 9.-The Union National bank closed temporarily this morning. It will resume without the appointment of a receiver. LEBANON, Pa., Aug. 9.-Robert H. Coleman, the iron millionaire, and wife, have executed a deed of assignment. Liabilities about $8,500,000, and, it is claimed, exceed assets. BERLIN, Aug. -The United States, Great Britain and Germany have resolved on decisive, combined action to end the Samoan trouble. It is said Mataafa will be exiled. FULTON, III., Aug. 9.-Harry Bethune beat T. C. Morris in 8 100-yard foot race by is yard and a half, in :9% Bethune ohalleuges the United States for any sum up to $10,000. MARSHALL, Tex.. Aug. 9.-By the explosion of a boiler this morning, Tommy Hill, Henry Smalley and Gus Sanders were killed and Joe Bright and Joe Wallman badly soalded. PUEBLO, Col., Aug. 9.-Water in the Arkansas river rose eight feet in an hour last night, submerging the lower part of the city, doing immense damage to bridges and railways. SANTA ROSA, Cal., Aug. 9.-The severent earthquake since 1868 was felt this morning. There was considerable damage done in the war of oracked walls. falling claimneys and broken windows. MINNEAPOLIS, Aug. 9.-The Commercial bank has failed. Capital $200.000, deposits $400,000, time deposits $220,000, loans and discounts. last statement, $642,000. Officers say depositors will be paid in full. PORTLAND, Ore., Aug 9.-Edward Marshall, George Nordale, Fred. Smith, John and Joseph Frurie, K. J. Maymard and William Cod were arrested to-day on the charge of passing counterfeit money. CHIPPEWA FALLS, Minn., Aug. 9.-It is reported that Thorpe, a village of 1,500 inhabitants. OR the Wisconsin Central road. burned up. A large sawmill, much lumber and u number of buildings were destroyed. NEW YORK. Aug. 9.-A large crowd of small depositors assembled before the St. Niobolas bank, which refused to elea for the Madison Squa e bank, and a run was started. Later, however, Henry Goldstein, the millionaire coal dealer, agreed to bond himself in $300,000 to pay all dopositora, and the run stopped

2. August 10, 1893 The Daily Morning Astorian Astoria, OR

Article from The Daily Morning Astorian, August 10, 1893

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STOPPED THE RUN. New York, Aug. 9.-A large crowd of small depositors assembled today before the St. Nicholas Bank, which refused last week to clear for the Madison Square Bank, and started a run. Later, however, Henry Goldstein, a millionaire coal dealer, agreed to bond himself in the sum of $300,000 to pay all depositors and the run stopped.

3. August 10, 1893 The Herald Los Angeles, CA

Article from The Herald, August 10, 1893

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An Incipient Bank Run. NEW YORK, Aug. 9.-A large crowd of small depositors this morning assembled before the St. Nicholas bank, which refused to clear for the Madison Square bank, and a run was started. Later, however, Henry Goldstein, a millionaire coal dealer, agreed to bond himself in $300,000 to pay all depositore, and the run was stopped.

4. August 10, 1893 Capital Journal Salem, OR

Article from Capital Journal, August 10, 1893

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New York, Aug. 9.-A large crowd of small depositors assembled before the St. Nicholas bank, which refused to clear for the Madison Square bank, and a run was started. Later, however. Henry Goldstein, the millionaire coal dealer, agreed to bond himself in the sum of $300,000 to pay all depositors and the run stopped.

5. August 10, 1893 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, August 10, 1893

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Run on a New York Bank. NEW YORK, Aug. 9.-A large crowd of small depositors assembled before the St. Nicholas bank which refused to clear for the Madison Square bank and & run started. Later, however, Henry Goldstein, the millionare coal dealer, agreed to bond himself in $300,000 to pay all depositers and the run stopped.

6. August 12, 1893 The Herald Los Angeles, CA

Article from The Herald, August 12, 1893

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Article Text

An Incipient Bank Run. NEW YORK, Aug. 9.-A large crowd of email depositors this morning assembled before the St. Nicholas bank, which refueed to clear for the Madison Square bank, and a run was started. Later, however, Henry Goldstein, a millionaire coal dealer, agreed to bond himself in $300,000 to pay all depositore, and the run was stopped.

7. October 27, 1893 The Providence News Providence, RI

Article from The Providence News, October 27, 1893

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Some of the Methods of the Madison Square Bank. ITS CLEARING HOUSE AGENT Left $150,000 in the Hole-How the State and East River Bridge Company Were Saved from Loss-More Arrests Probable. New YORK, Oct. 27.-The collapse of the Madison Square bank left theSt. Nicholas bank, its clearing agent, a creditor to the extent of $150,000. The Madison Square bank was supposed to keep with the St. Nicholas a deposit, in cash or its equivalent, large enough to meet all demands. Ordinarily a sufficient deposit remained there, but when, the Madison Square bank being on the verge of failure, State Treasurer Danforth ran through the clearing house a check for the state's money, $250,000, and Frederick Uhlmann succeeded in withdrawing $50,000 for the East River bridge company, the regular fund at the St. Nicholas gave out. That was the time when the clearing house committee, on the complaint of the St. Nicholas bank, went to the Madison Square bank and took from the vault securities to the amount of $315,000. These securities had been seized solely with the view of protecting the St. Nicholas bank and upon the theory that it was entirely proper for the clearing house committee to take such action. When the temporary receivers took possession of the Madison Square bank they were unwilling to recog. nize the right of the clearing house committee to these securities and filed a protest against their retention in the clearing house. The matter was well fought out at various conterences between t e receivers and the clearing house, and the clearing house having been led to believe that the seizure had not been made strictly within the law returned the securities to the Madison Square bank. There is no doubt that the bank will collect this debt, because if it cannot be paid out of assets the stockholders of the Madison Square will be liable to assessment for it. More Arrests Probable. District Attorney Nicoll held a consult~ tion with Attorney Samuel Untermeyer, counsel for Receivers Miles O'Brien and J. M. Cannon, of the Madison Square bank, this morning, and it is rumored that, as a result of his consultation, other arrests will follow. The rumor is to the effect that not only were the officers of the bank reckless with the money of that institution, but that several outsiders, who were on the ground floor, were dishonest in their dealings with the bank. Assistant District Attorney Davis, who has charge of the case, says that as yet he has hardly had time to investigate the new chargès, but he will not deny the rumore,

8. December 10, 1893 New-York Tribune New York, NY

Article from New-York Tribune, December 10, 1893

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SEVERAL SUITS PROMISED. THE ST. NICHOLAS BANK THREATENS TO TAKE ACTION AGAINST THE RECEIVERS OF THE MADISON SQUARE INSTITUTON, WHO RETALIATE IN LIKE MANNER. Suits and counter-suits now are promised by the officials of the St. Nicholas Bank and the receivers of the Madison Square Bank against each other. The officials of the St. Nicholas Bank are responsible for the statement that a suit would be brought against the receivers to recover $501,000 due the bank. The receivers declare that the St. Nicholas Bank has no such claim against them as receivers for the Madison Square Bank, and they threaten to bring a suit to recover from the St. Nicholas Bank some $221,000, said to be due the receivers. The St. Nicholas Bank was the Clearing House agent of the Madison Square Bank, and as such held good securities, valued at $350,000, to cover any possible loss which it might sustain as the agent of the Madison Square Bank. The receivers say that the St. Nicholas Bank is entitled only to $129,000 of the $350,000 collateral held by it, and will sue for the difference-$221,000 The St. Nicholas Bank people declare that it cleared for the Madison Square Bank, the day following its suspension, checks amounting to $501,000. The threat is made that the securities now held by It will be sold. and the proceeds devoted to the payment of this account. The bank does this under one of the rules of the Clearing House. The receivers, on the other hand, say that the Clearing House rules are not law, and will contest any attempt to dispose of the securities held by the St. Nicholas Bank for the account of the Madison Square Bank.

9. December 21, 1893 Deseret Evening News Salt Lake City, UT

Article from Deseret Evening News, December 21, 1893

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FOR EXAMINATION. A New York Bank Closed Though Claimed to be Solvent. NEW YORK, Dec. 21.-Before the time for opening this morning, Superintendent of State Banks Preston posted the following notice on the door of the St. Nicholas bank: "This bank is closed pending examination." President Graves declares the closing of the bank is a high handed proceeding, as the bank is solvent. It acted as the clearing house agent for the suspended Madison Square bank, and examination being made is due to that fact. On the failure of the Madison square bank, St. Nicholas bank withdrew from that institution a quarter of a million dollars' worth of securities, to secure itself. It 18 understood that the St. Nicholas's affairs have been unsettied ever since. A member of the clearing house says the fature is not unexpected, but the probabilities are that the depositors will be paid full. The statement made by the bank last Saturday shows: Capital, $500,000; not profits, $132,200; loans, $1,755,304; deposits, $2,011,200; specie, $48,900; 1. gal tenders, $471,400; reserve, 25 four per cents.

10. December 22, 1893 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, December 22, 1893

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FAILURES. NEW YORK, Dec. 21.-The following notice was this morning posteed on the doors of the St. Nicholas bank, which is a state bank, at Broad street and Exchange Place: "This bank is closed, pending examination. "CHARLES M. PRESTON, "Superintendent." This notice was posted on the doors before the officials arrived. President Graves, who arrived at the bank shortly after the posting of the notice, said: "This is a high-handed proceeding. I don't understand it. I supposed this bank was solvent." The St. Nicholas bank acted as clearing house agent for the suspended Madison Square bank, and the examination being made by Superintendent Preston is due to this fact. Upon the failure of the Madison Square bank the St. Nicholas bank withdrew from that institution some $250,000 worth of securities, in order to secure itself. But it is understood that the St. Nicholas bank's affairs have been unsettled since that time. Mr. Preston examined the books of the bank and found that the capital was largely impaired. Accordingly he decided to close the bank, pending a further inquiry. It is believed that the assets are sufficient to pay the depesitors in full. Mr. Tappan says the suspension of this bank is in no way connected with the financial difficulties of the Madison Square bank. The deposits last night had been reduced to about $2,000,000. Persons conservant with the bank's condition say that there has been absolutely nothing like dishonesty in the management, though bad judgment had been shown in the conduct of the business. The last quarterly report, made on Nov. 23, was as follows: Specie, $142,443; United States legal tender notes and circulating notes of national banks, $514,207; cash items (bills, checks, etc $825,203; capital stock, paid in cash, $500,000; undivided profits, $42,963; due depositors, $2,582,590; due trnst companies, state and national banks, $469,491; due treasurer of the state of New York, $50,000. The Madison Square bank owed the St. Nicholas $480,000 on collateral amounting to $350,000, which partially secured the St. Nicholas. Philadelphia, Dec. 21.-The firm of Schwartz & Graff, wholesale dealers in carpets, matting, etc., has assigned for the benefit of the creditors to G. Harry Davis, without preferences. A statement issued by the attorney of the firm states that the firm was unable to meet obligations maturing on Jan. 1, and. owing to the unfavorable outlook. an immediate assignment was thought best. The disaster is ascribed solely to the dullness in trade produced by the threatened tariff legislation. The assets are about $300,000 and the liabilities about $275,000. The business was established in 1871.

11. December 22, 1893 The Houston Daily Post Houston, TX

Article from The Houston Daily Post, December 22, 1893

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THE BUSINESS WORLD, THE FAILURE OF A NEW YORK CITY BANK, The St. Nicholas Bank Closed by the "State Examiner-Two Assignments in Crockett - Other Business Troubles Over the Country. New York, December 21.-The St. Nich olas bank, a State bank, was closed to day pending an examination by the Stati bank superintendent. The St. Nichola bank acted as a clearing house agent is the suspended Madison Square bank, with that bank. the examination is due to its connection to It is understood that the depositors 11 lose nothing. Persons conversant with the bank's condition say there has been absolutely nothing like dishonesty in ty management, though there has been bei business. judgment shown in the conduct of the Superintendent of State Banks Prestor said: "There is an impairment of capital and I shall advise the appoints the ment of 8. receiver. Opinions dider been impaired." the question how much the capital be 00 The last quarterly report, made Novem ber 28, shows loans and discounts $1.5% 501.09: cash Items $825,203.58, and other TN sources totalling $3,753,339.87. Liabilities-Capital stock, $500,000: doe depositors, $2,532,590.85, and minor Items the total of $3,753,339.87. The officers of the bank display great indignation at what they call summary proceedings of the State bank department and are also bitter against the clearing house committee.

12. December 22, 1893 New-York Tribune New York, NY

Article from New-York Tribune, December 22, 1893

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INFORMATION WITHHELD AT ALBANY. ACCESS TO PUBLIC PAPERS REGARDING THE STATE FUNDS IN THE ST. NICHOLAS BANK REFUSED. Albany, Dec. 21 (Special).-The outgoing Democratic State officers were not pleased to-day when they heard that the St. Nicholas Bank of New-York had been forced to close its doors. This is the bank which was the Clearing House agent of the Madison Square Bank, that made such a disastrous failure in August last, and it was the Madison Square Bank, it will be remembered, which loaned State Treasurer Danforth $50,000 on his unsecured note, after he had deposited $250,000 of the State's money in the bank, the largest amount by $150,000 deposited in any bank in New-York. The State had $20,000 in the St. Nicholas Bank. Deputy State Treasurer Church, when asked by The Tribune correspondent to-day to give the nam es of the men upon the State's bond for the security of its money, positively refused to do so. What ground there is for mystery over the names of the bondsmen it is impossible to state. In any case, it arouses distrust, and the public will have more reason than ever to rejoice that State Treasurer Danforth and his deputy, George B. Church, are going to march out of the State Treasurer's office on January 1. Mr. Church refuses access to public documents when he declines to give the names of the State's bondsmen. Addison B. Colvin, the Republican State Treasurer, will assume office on January 1, and then there will be a conclusion to the Danforth method of refusing to the voters and taxpayer of the State the privilege of looking at their own pubHe papers. Attorney-General Rosendale received a telegram from Charles M. Preston, Superintendent of the Banking Department, this afternoon, informing him of the suspension of the bank, and asking him to take the legal steps for the appointment of a receiver. The Attorney-General detailed Deputy Attorney-General Hogan to arrange the case. Mr. Hogan will go to New-York to-morro W morning to appear in court against the bank and to apply for a receiver. Deputy State Treasurer Church says the St. Nicholas Bank owes the State $20,000. "Six months ago," he said, "we had $100,000 upon deposit in the bank, but we have steadily reduced It. This very morning we drew a check upon the bank for $5,000, before we knew of its suspension." The report of the St. Nicaolas Bank on November 28 showed that of the item in the resources classed as the amount due from other banks and trust companies, $269,390 was due from the Madison Square Bank of New-York City. The St. Nicholas originally loaned $349,987 to the Madison Square on collateral, and up to the date of the report had collected $80,597 for the collateral, leaving a balance due of $269,390.

13. December 22, 1893 New-York Tribune New York, NY

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ST. NICHOLAS BANK CLOSED. Continued from First Page. bank's closing. The Superintendent had found that besides the loss of the surplus of $105,000 there was an impairment of the capital to the extent of about $180,000. Having learned that fact, the Superintendent immediately called en the members of the Clearing House committee, and asked them for their advice. Mr. Preston's request was accompanied by a statement of the bank's condition. Mr. Tappen, the chairman of the committee. and William A. Nash, president of the Corn Exchange Bank, after looking over Mr. Preston's statement, told him that if they had made an examination of any National bank, or any bank a member of the Clearing House Association, and found such a state of affairs, they would recommend that the bank suspend. Mr. Tappen thought that depositors would be paid in full.

14. December 27, 1893 The Morning News Savannah, GA

Article from The Morning News, December 27, 1893

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Ex-Mayor Grant the Receiver. New York, Dec. 26.-Judge Truax, of the supreme court, has appointed exMayor Hugh J. Grant receiver of the St. Nicholas Bank. His bond is $250,000.

15. December 28, 1893 St. Johnsbury Caledonian Saint Johnsbury, VT

Article from St. Johnsbury Caledonian, December 28, 1893

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RECORD OF THE WEEK. Thursday. Three persons killed by a railroad accident at a grade crossing in Nashua, N. H.-A $1,000,000 fire in Sheffield, Eng.-Ex-President Harrison given a reception in Philadelphia which Edmunds and Morrill attend. -More warships sent to Rio Janeiro. -Honolulu advices up to Dec. 14 indicate no change in the situation there.-Mr. Reed of Maine presents the minority report on the tariff bill to the house.-The St. Nicholas Bank in New York closed on account of impaired capital.-Hopkins, democrat, declared elected mayor of Chicago. Friday. A six-story block in Boston owned by the Wakefield rattan company burned. Loss $200,000.-Annual dinner of the New England society at Sherry's in New York.-Mahdist forces defeated by the Italian troops in Northwestern Abyssinia.-Insurgent officers in Brazil desert and report to the government.-Teller Hill of the St. Nicholas bank in New York arrested and charged with the larceny of $42,000.-Lobengula again defeated after a disastrous battle on the Shangani river. Saturday. The Atchison, Topeka and Santa Fe railroad placed in the hands of receivers.-The report that Rio Janeiro had been taken by Mello denied by the Brazilian minister at London.-Forty-four election inspectors in New York arrested for fraud and perjury.-Manager Satolli not to be recalled to Rome and may be made a cardinal. Sunday. Willow Grove, an oil town of about 1000 inhabitants in Pennsylvania, wrecked by an explosion of nitroglycerine.-Robbers hold up a train at Los Angeles, but only make a small haul.-Caprivi reports that he desires to soon retire from office. Monday. The six days bicycle race at Madison Square garden, New York, started at midnight with 18 contestants. -San Francisco has a $200,000 fire. Florida's governor will try to prevent the Mitchell Corbett fight.The United States steamer. Mohican, ordered from San. Francisco to Honolulu with dispatches for Minister Willis.-The president asked to protect surrounding states from outlaws who rendezvous in Indian Territory. Tuesday. Officers destroyed by a mob during an anti-tax riot near Palermo. Later in a fight at Lercara di Fredd, growing out of the anti-tax agitation, four rioters killed by the troops.The senate committee on foreign relations to investigate the Hawaiian.-Death of Henry W. Paine, a prominent Boston lawyer.-Norway and Sweden ready to take up arms if the coming elections in Norway result in a large radical majority.-J. Y. McKane, the Gravesend boss, granted a stay.-Closing argument made in the Prendergast trial in Chicago.-Great Britain preparing to seize the rich Gilbert islands.At 9 p. m. Shock leads in the New York bicycle race with 692 miles and 6 laps to his credit.

16. January 3, 1894 New-York Tribune New York, NY

Article from New-York Tribune, January 3, 1894

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ST. NICHOLAS BANK AFFAIRS. A MOTION BY DEPOSITORS TO COMPEL THE RETURN OF FUNDS MAY BE MADE TO-DAY. No statement was made yesterday concerning the condition of the St. Nicholas Bank. The work of turning over the assets of the bank to the receiver, ex-Mayor Grant, was continued, but no definite information could be got about the impairment of the bank's capital. Mr. Judson said he had not yet discovered how the receiving teller had managed to steal $42,000 without being found out, and that there were no new developments in the condition of the bank. it was said yesterday that the depositors of the St. Nicholas Bank who put money in the Institution the day before it was closed would to-day make a motion in the Supreme Court for an order, compelling the receiver to pay back the money deposited on that day and collected through the Clearing House. The depositors assert that the bank had no right to certify checks drawn against these deposits. The motion will be opposed by Platt & Bowers, counsel for the receiver. There is something of an air of mystery about the work of the bank examiners at the St. Nicholas Bank. Until a late hour yesterday afternoon Mr. Judson and Mr. Preston and some of the bank's officers were in consultation at the bank, but they would make no statement in regard to what they were discussing. The looked-for statement concerning the exact condition of the bank was to be ready last Friday. Yesterday morning it was said that a statement would be ready last night, but none was given out, and probably it will not appear to-day.

17. January 5, 1894 The Iola Register Iola, KS

Article from The Iola Register, January 5, 1894

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Penn at Hyndman, Pa Bank at Albany. Mo Oliver Iron & Steel company of Pittsburgh, Pa.; $700,000 Standard Wagon company at Cincinnati: $700,000. Aug 25-Ford county and First national banks at Paxton, III. Aug. 22-Samuel W. Clark, lumber dealer of Zanesville, O.: $1,500,000. Aug. 24-Navarro Mill company in San Francisco, $1,000,000 Dillon national bank at Helena, Mont Aug. 28-First national bank of York, Neb George C. Cribb, dealer in agricultural implements in Milwaukee; $600,000. Aug. 30-Nicaragua Canal Construction company of New York. Sep 1-Equitable Mortgage Ca of Missouri, at New York: $19,000,000 Denver (Col.) savings bank; $670,000. Sep. 18-Crippen. Lawrence & Co., Denver loan concern: $1,000,000. Sep. 19-Mast. Bufford & Burwell Carriage company at St. Paul: $1,200,000. Oct. 6-Merchants' bank of Lockport, N. Y. Oct. 18-National bank at Hutchinson, Kan., $135,000. Nov. 1-James C. Savery. proprietor of the largest hotel in Iowa, assigned at New York; $1,000,000. Nov. 22-American Casualty company in New York; $1,700,000. Dec. 11-Receivers appointed for agricultural implement establishment of C. Aultman & Co. at Canton, O.: $1,000,000. Dec. 15-Crane Iron company of Philadelphia; $700,000. Dec. 21-St Nicholas bank in New York. Dec. 23-Bank of Greensburg, Kan Other banking houses that succumbed to the financial troubles of the year were as follows: Capital national. Lincoln, Neh: State bank, Wahoo. Neb.: U. S. Banking company, Gervais, Ore: Bank of commerce. Nashville, Tenn.: Northwestern state bank. Sibley, la Central savings bank, Lansing, Mich.; Bank of Milbank, S. D.: First national bank, Ponce, Neb.; Ingham county savings bank, Lansing, Mich.: Second national bank, Columbia, Tenn.: Bank of Salem, S. D.; Kissamee (Fla) city bank: Bank of the Carolinas, Florence, S. C.: First national bank, Cedar Falls. Ia: Citizens bank, Minneapolis, Minn.: Bank of Zumbrota. Minn.: Evanston (III.) National bank: Oglethorpe national bank and Brunswick national bank, Brunswick, Ga.: Farmers' state bank, Brooklyn, Mich.; Brunswick (Ga.) state bank: Bank of Puyallup, Wash: National bank of North Dakota, Fargo: White county bank. Beebe, Ark.: Potter's bank. Paulding, O.; Merchants' national bank. Fort Worth, Tex.: Savings bank. Sandusky, 0.; State bank, Cortland, Neb.: Bedford (Ind.) bank: City bank, Carbondale, Ill.: Deflance (O.) savings bank: State bank, Manitowoc. Wis: Bank of Two Rivers, Wis.: New Albany (Ind.) Banking Co.; Shell Lake savings bank, Washburn, Wis.: banks at Mascoutah. Ill. Hudson, Wis., Ellenburg, Wash., Missoula, Mont. Gillespie, III: Park City bank at Salt Lake City; McCague savings bank at Omaha. Neb.: bank at Everett, Wash.: Riverside (Cal) Banking company; banks at Lebanon and Albany in Oregon, and Hanover. N. C: bank a: Ridgeway, Me Columbia bank at New Whatcom. Wash: Cataract bank at Niagara Falls, N. Y.; Sabina(O bank: First national bank of Provo. U.T.: Chaffee county bank at Salida. Col.; First national at Phillipsburg, Mont: First national bank of Cisco, Tex.: Jefferson county bank at Bolden, Col: Everett (Wash.) national bank; Arkansas state bank of Stuttgart; Arkansas Farmers' and Traders' bank at Dewitt: Somerset county bank at Trenton, N. J.; State bank at Shubert, Neb: Holt county bank at O'Neil, Neb.; First national bank of Cedartown. Ga.: Bank of Sterling and Bank of Loveland, Col.: Hutchinson (Kan.) national bank; Bank of Parker, Kan.: Woodson bank of Yates Center, Kan.: First national bank of Harrisonville, Mo.; First national bank of Anthony, Kan.: Bank of Belleville, Kan: First national bank. at Cheyenne, Wyo.: First national bank at Canyon City, Col: Union bank at Greeley, Col.; Bank of Crested Butte, Col.: Traders' bank at Tacoma, Wash.: Plainview (Neb.) state bank: First national at Orlando, Fla: Tacoma (Wash.) national bank; National bank of the Commonwealth and Bank of New England at Manchester, N. H.; Commercial national. Ainsworth national and Portland savings banks at Portland. Ore.: Ex-

18. January 11, 1894 Iron County Register Ironton, MO

Article from Iron County Register, January 11, 1894

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banks 'III 18 Paxton, Aug. Samuel W. Clark, lumber dealer of Zanesville, O.: $1,500,000 Aug. 24-Navarro Mill company in San Francisco, $1,000,000.. Dillon national bank at Helena, Mont Aug First national bank of York, Neb. George C. Cribb, dealer in agricultural impleup ments 000'009$ Aug. Nicaragua Canal Construction comMJ0X MON JO Aued Sep -Equitable Mortgage Co. of Missouri, AUS (Too) Denver 000'000'613 Xork MON 18 ings bank: $670,000. Sep. 8-Crippen, Lawrence & Co., Denver Inan concern: 000'000'13 Sep. Mast. Bufford & Burwell Carriage 000'00%'1$ Paul 1S 18 Ausduity Oct. Merchants bank of Lockport, N.Y. Oct. 18-National bank at Hutchinson, Kan., 000'9813 Nov. 1-James C. Savery. proprietor of the TOTAL MeN 18 pensisse "RMOI up hotel 000'000'13 Nov. American Casualty company in New 000'002 18 Xork Dec. -Receivers appointed for agricultural implement establishment of C. Aultman & Co. 18 Canton. :0 000'000'18 Dec. Crane Iron company of Philadelphia; 000'00's Dec. 21-St Nicholas bank in New York. Dec 23- Bank of Greensburg. Kan. Other banking houses that succumbed to the financial troubles of the year were as follows: Capital national. Lincoln, Neb. State bank, Wahoo, Neb. S. Banking company, Gervals, Ore Bank of commerce Nashville Tenn. Northwestern state bank. Sibley Ia Central savings bank. Lansing. Mich Bank of Milbank, S. D. First national bank, Ponce, Neb. Ingham county savings bank, Lansing, Mich. Second national bank, Columbia. Tenn: Allo CHICE Missamee CI S Salem 10 Bank bank; Bank of the Carolinas, Florence, S. First national bank, Cedar Falls. Ia. Citizens bank, Minneapolis, Minn. Bank of Zumbrota. Minn Evanston (III.) National bank: Oglethorpe national bank and Brunswick na tional bank, Brunswick Ga. Farmers state bank, Brooklyn, Mich.: Brunswick (Ga.) state bank; Bank of Puyallup, Wash. National bank of North Dakota, Fargo: hite county bank. Beebe, Potter's bank Paulding, Merchants national bank Fort Worth, Tex Savings bank. Sandusky, O.; State bank. Cortland, Neb. Bedford (Ind.) bank: City SQUIATE (O) Defface TII Carbondale "Hutq SIM "yueq eithe IV MeN SIM Rivers OML 10 Mush bany (Ind.) Banking Co. Shell Lake savings bank, Washburn, Wis. banks at Mascoutah. Ill., Hudson, Ellenburg. ash. Missoula, Mont Gillespie, IIL: Park City bank at Salt Lake City: McCague savings bank at Omaha. Neb. bank at Everett, Wash. Riverside pus Lebban 10 shusq Conduct Banking (780) Albany in Oregon. and Hanover. N. bank at Ridgeway Me Columbia bank at New What com. Wash. Cataract bank at Niagara Falls. N. Sabina(O) bank; First national bank of Provo. U.T. Chaffee county bank Salida.Col. First national at Phillipsburg. Mont: First national bank of Cisco, Tex. Jefferson county bank at Bolden, Col. Everett (Wash.) national an JO Hueq 01818 Arkansas HUBQ kansas Farmers' and Traders' bank at Dewitt: eivis T N 18 Hueq Ajunoo 18 yueq Ajunoo 110H Neb 18 HUBQ Neil, Neb. First national bank Cedartown Ga. Bank of Sterling and Bank of Loveland, Col.: Hutchinson (Kan. national bank Bank of Parker, Kan. Woodson bank of Yates Cen ter, Kan.: First national bank of Harrisonvile, Mo. First national bank of Anthony, Kan. Bank of Belleville. Kan First national bank at Cheyenne, Wyo. First national bank at Canyon City, Col. Union bank at Greeley, Col. Bank of Crested Butte, Col. Traders bank at Tacoma, Wash. Plain view Neb.) state bank First national at Orlando, Fla. Tacoma (Wash. national bank: National bank of the Commonwealth and Bank of New England at Manchester, N. H.: Comrcial national, Ainsworth national and Port land savings banks at Portland, Ore. Ex Eag 'III Number 18 rueq change national bank at Whatcom Wash National bank at Waxahachie, Tex Bank of Plaque 18 MUEQ 18119 :WI Ala. National bank of South Penn at Hyndman. Pa.: Kendall county bank at Yorksville, III.: The Le Mars (Ia. state and German savings banks: Citizens' national bank, Grand Island, Neb. Minnekahta bank, Hot Sp ings, 10 MURR : pur "Hueq 010:S :a S Willow City, N.D.: Bank of Rushville, Neb. CASUALTIES 'Top 'Su:y 18 CORL up 11 "ther" 16 men killed Jan. 21-Death of 30 persons caused by explosion resulting from a railway collision near TII Allong Feb. 9-County farm insane asylum near up perishing " *peurnq "H N Dover. Mar. flames. 3-Thirty-three persons killed in cyclone in Georgia Seven persons killed by cyclone up MISS Mar Marion. Every person in town of Kelly, Peupl 0510 suosed CC up pener "ssin up pum Cleveland Apr. 12 Tunica -Two persons killed at Rockport. Ind. 17 others at Robinsville. Miss. nine at -xam 10 DAH "Hueq SUIMMER 18 eth SUMOT Pared 10 9Ag pus Signature 18 OMB 10:20 of Missouri, by cyclones and windstorms Apr. It-Cyclone striking Thibodeans, La., killed 15 persons Thirty men reported killed 481H pus Terry Homestered us sq land mines near Deadwood. S. D. Apr. Seven persons killed in cyclone at -Ao up Pample persons 09 Neerry MJV Roles. clone in Jasper, Clarke and Jones counties Take uo storm up 1801 seas 20-NIH udv Michigan near Chicago... aterworks crib at uaur " puu Storm, Aq Jame peqsem Apr. perished. 25-Seventy-five persons reported dead as result of cyclone in Oklahama territory Ten persons killed in railroad wreck near Somerset, May Pa. -Twenty persons killed In cyclone which destroyed town of Ladonia. Mo June Twenty two clerks killed by the falling through of floors in Ford's theater building. -IP record pus pension Aq pasn up 10 eq1 JBM department vision June Twenty persons killed in cyclone in Jefferson county, Kan. Seven persons killed by lightning striking a circus tent at River SIM Malls July 6-Cyclone starting at Quimby, Ia., killed 82 persons Seven persons drowned by MeN Juan seq Gransess up 10 York July 10-In fire on world's fair grounds at Chicago 21 men perished Man, wife and four susury 10 uo poop up реимолр children SATU 01 posoddns performs dj.ns 001 J940-61 Cheroke -9nv pus perished in hurricane on Atlantic coast Attached ehe suoje Storm terrific UI-8% Snv 10 18800 the no pue uo South Carolina and Georgia-it was estimated fully 1,500 people perished By capsizing of Port JO performs XIS THE up Thont Sep. Henry, N. Y., drowned Michigamme river breaking through Mansfield iron mine near Crystal Falls, Mich, drowned 28 employes Oct. Nearly 2,000 persons reported killed in southern 041 JO suojicts up terrible auf gulf. Oct. states along 14-At Magnolia Beach, S. C., cyclone killed 15 persons in storm that swept entire chain of lakes 20 persons perished. By sinking of steamer near Dunkirk, N. Y., 18 persons Oct. drowned. Near Battle Creck, Mich. in Grand Trunk yards, 20 people killed in railway collisuot Jeen ueur 02 GIVE put seates 100 puu Auguly - useM Shoust AON collided on Lake Huron off Point aux Barques to seament. Dec. drowning Fourth span of bridge over the Ohio from Louisville, Ky., to Jeffersonville. Ind., fell, killing 33 workmen Wreck on the New York & Pennsylvania road six miles north of Dunkirk. N. Y., caused eight deaths. Dec. 22-In a cave-in at Homestead. Pa., 14 workmen killed Four men killed by boiler explosion near Knoxville, Tenn Six persons drowned in Grand lake near Mermenteau, La. CRIMES Jan. 4-At Bakersville, N.C. in struggle to 10 II pur essod sheriffs 10 II 8 mob Jan. were 10-Jury killed. at Pittsburgh found guilty the 10 Duquesne strikers charged with riot. M.10M 01 03 1snui aq 1841 plos uur Thomas Kilday fatally shot his father, mother and Jan. sister in District Philadelphia. Master Workman Hugh Dempsey, K. of L. found guilty in Pittsburgh 01 qui Homesters 18 posiod SUIAIS JO III" Jan. 25-Charles Burg shot Mr. and Mrs. pener then Month Buile 18 M opΓaM Mar. himself. 22- William Frazier killed his wife, her Hileman 18 Zei S, nis NO ino pue stater siy tous Hunter T M "ORM 1V wife fortally and then killed himself. Mar. Choctaw fevd resulted in encounter Edd penns suos. of AL I A the 'art'm siq 1048 Neb. 10 Sterrett killed himself. any killed 30-Joseph his Halson

19. January 11, 1894 The Sun New York, NY

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Local Business Troubles, The Sheriff has received another attachment against the George C. Treadwell Company, furs, at 60 Mercer street, for $5,013, in favor of Hugh J. Grant, as temporary receiver of the St. Nicholas Bank, on two notes of the company, dated Aug. 21 last, payable in four months. The Sheriff sold out yesterday the stock of Catherine B. Thompson, wholesale dealer in millinery goods at 634 Broadway, for about $14,000: the stock of Charles E. Goldsmith, jeweller, at 422 Third avenue: Lazarowitz & Son, manufacturers of suspenders, lambrequins, &c., at 26 Eldridge street; Frank G. Blumenstock, shoe dealer at 27 Whitehall street, and the right, title, and interest of Frederick W. Clifford in the furniture and fixtures of the Nassau Hotel, at 275 Bowery.

20. January 18, 1894 The Valley Virginian Clifton Forge, Staunton, VA

Article from The Valley Virginian, January 18, 1894

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The tariff discussion is in progress in the House of Representatives. If Boutelle dosen't feel flat it can't be because he hasen't been heavily sat on. The long-desired Hawaiian cipher dispatches have been laid before Congress. While on this subject it may be asked when it's the law that's broken what need for fixing the jury? Possibly it might be better all round if there was less Knights of Labor agitation and more day's work. Looked into fairly, isn't taxing whisky, playing cards and cigarettes a kind of hand to mouth arrangement? Judge Moore is holding his first term of Court in Craig county. The violaters of law had better be on the alert. Secretary Carlisle of the Treasury, is ju a financial strait. His resources are growing beautifully less day by day. A queer thing about electric wires is that it's the permanently dead ones that dosn't need to be buried underground. All indications point to permanent resumption of business. This at least shows the calamity howler is not a pointer. Reed and others are anxious to patch up the Wilson bill, as they say, only they want to use nothing but highly taxed cloth. Mr. Jefferson M. Levy, of Charlottesville, Va., has withdrawn from the Congressional race in favor of Capt. Micajah Woods. The shark has always been typical of the pension fraud, but New York trots out that Buffalo specimen in competition. Gen. Gordon's lecture at Philadelphia which was to have been given to morrow evening, has been postponed to Tusday evening January 23. One young married logician tries to prove that women live longer than men because they require so much more time to say good-bye. If the pen is mightier than the sword on general principles, what a terrific combination the two make in the hands of the fighting editor. Seven American warships are in Brazilian waters and while Peixoto and Mello are loing about who's getting the advantage they just lie to. The Republicans in Congress in this bond issue business would like to put the Administration in a hole. And this after making the hole in the Treasury. Capt. Oscar Smith, a survivor of the Thirteenth New York Volunteers, has been appointed chief clerk in the office of Secretary of State Palmer, at Albany. Elaborate preparations are making in Philadelphia for the Grant birthday banquet, April 27 next. Gen Beaver is chairman of the arrangements committee. A bill has beon introduced in the Virginia legislature providing for the admission of white females to the University of Virginia on the same terms as males. This is the way Judge Butler, of the United States District Court at, Philadelphia, does business. On Friday he rejected eighteen out of twenty-seven applicants for naturalization. "Uncle Alfred," of Nashville, Tenn., is the only person now living who was present at the deathbed of Andrew Jackson. He was the President's body-servant and is now doing guide duty about the Hermitage. Ex-Mayor Grant, receiver of the St. Nicholas Bank, of New York, has collected over $1,000,000, which he has placed in the Central Trust Company. This is about 50 per cent. of the aggregate claims of the depositors. The Police Commissioners of New York have ordered a census to be taken of the unemployed of that city. It will begin next week and will probably be completed in three days. The census will be taken by the night patrol. The Democrats of Louisville, Kentucky, are in a state of glorification over the fact that, for the first time in thirty-six years, they have a Democratic postmaster, although they have had two Democratic administrations within that time. The Democracy of Louisville have had more than the patience of Job to have torn such neglect for so long a time. Pittsburg iron men are saying harsh things about Andrew Carnegie because he vows that he can sell steel so low that he does not need a tariff to protect him in business. Mr. Carnegie tired of rocking the cradle of "infant industries" some time ago, and has since exploded several bombs in the old camp left behind when he boldly took up advanced thought. Rev. Sam Jones recently preached to the colored people at Dyersburg, Ky., says the Ram's Horn. After the sermon, a good old sister came to him and said: "Brother Jones, God bless you! You is the preacher for me; I understand every word you say. You preaches just like a nigger; you has a white skin, but, thank God, you has a black heart." She knew Samuel. Beach Soule, of Clifton Springs, near Rochester, N. Y., has just won an interesting race across the continent against death. His sister was dying at Oakland, Cal., and telegraphed for him. He dropped his preparations for examination at West Point, hired a light locomotive, and after an 800-mile chase, caught the Pacific express, arriving at his sister's bedside twelve hours before her demise.

21. January 25, 1894 The Evening World New York, NY

Article from The Evening World, January 25, 1894

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# ORDER ON GRANT. Perkins & Co. Entitled to Their North Carolina Coupons. Justice Barrett, of the Supreme Court, to-day signed an order upon Hugh J. Grant, receiver of the St. Nicholas Bank, to pay over to T. J. Perkins & Co., bankers of Tallahasee, Fla., three $1,000 6 per cent. North Carolina coupons of April, 1894. Perkins & Co. alleged that the coupons were a special deposit, and that neither the bank nor the receiver had made any advances on them. They further alleged that the defunct bank held no obligations of theirs. The coupons were deposited some time previous to the bank going into the hands of a receiver.

22. June 21, 1894 The Evening World New York, NY

Article from The Evening World, June 21, 1894

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HAD A BIG LOAN IN SIGH Why St. Nicholas Bolstered t Madison Square. Ex-Cashier Gardner Tells More the Famous Collapse. The fourth day of the suit of the Ma son Square Bank receivers against H: J. Grant, receiver of the St. Nicho Bank, was resumed before Referee W iam G. Choate this morning. William J. Gardner. ex-cashier of St. Nicholas Bank, spoken of yesterd by the plaintiff's counsel as an adve witness, was recalled to the chair, a his rigid cross-examination by. Law: Untermeyer was continued. Witness declared that notwithstand the fact that he had sent out a not to all the Clearing-House banks to effect that the St. Nicholas Bank wo discontinue to clear for the Madis Square Bank on and after Aug. 9, 1: he had no Idea that the Madison Squa Bank would close its doors on tl date. He admitted that the affairs the two banks had been the subject discussion at board meetings. the 1 time no later than six days before suspension or the Madison Square Ba No action was taken by the direct of the St. Nicholas with regard to t minating the contract between the 1 banks until the issuance of the Cleari House notice. "The officers of the Madison Squa Bank were meanwhile asking for ti with which to pay on their loa weren't they "Well, yes," replied the witne "They were also looking around another Clearing-House agent." The deposit of the Madison Squ: Bank ran below the $50,000 mark ea in the month preceding the bank's fa ure. Witness said that the Madis Square officers were called to acco about this, and Director McDonald S sequently told witness that the ba was negotiating for a loan of $100,000 $200,000 from Ladenburg, Thalman & ( when the Madison Square Bank wo pay up its indebtedness to the St. NI clas. thess saw President Graves. of 1 St. Nicholas, and Director McDona of the Madison Square. leave the Nicholas Bank on the morning of A 8, 1893. He understood that they W going before the Loan Committee the Clearing-House. Did not learn ti day of the result of that meeting. Witness admitted that he had read the Madison Square Bank's failure f the morning of Aug. 9, 1893. This " before reaching the bank. He co not recall having talked with Preside 1 Graves about the failure before bank messengers left for the Cleari House. "I had talked with SEL director of Madison Square only a day or so bef the failure,' said the witness, "and V assured of the bank's solvency. "Who gave you this assurance?" "Mr McDonald." "Humph! I thought so," said Law Untermeyer. "When you sent out the Cleari House notices you knew the Madis Square officials had failed to sec loans from the Clearing-House and fr Ladenburg. Thalman & Co., didn't you "I was so told. "When did you prepare those notices "On Saturday, Aug. 5." "Then they were in course of prepa tion three days before they were S out and four days before the ba closed? "I guess that's right." "What time on the afternoon of A 9, 1893, was it that the first instalm of these notices went out?" "About 4 o'clock in the afternoon." "Don't you know that President C non, of the Chase National Bank, te fied to having received your notice bef he went uptown to the Madison Squ Bank?" "I heard him testify to that effect."

23. October 18, 1894 New-York Tribune New York, NY

Article from New-York Tribune, October 18, 1894

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# TAMMANY AND JUDGE TRUAX. It is unfortunate for Judge Truax that he comes before the people for re-election upon the Tammany ticket. In ordinary circumstances he might have been re-elected without opposition. Although originally chosen as the representative of the County Democracy, he had at that time the Tammany indorsement, and is now its choice for re-election. The temper of the people is so aroused against every thing and every one in any degree associated with the corrupt organization that the Committee of Seventy felt fairly justified in making up even the judicial part of its ticket from Tammany's recognized opponents, though at the expense of the rule respecting the renomination of judges with good records, regardless of politics. This precluded the nomination of Judge Truax; and we feel bound to say that by accepting the Tammany nomination he has voluntarily placed himself in a position that leaves him no cause for complaint if he is carried down with his less worthy associates. Moreover, there is no doubt that by some of his appointments, notably that of ex-Mayor Grant as receiver of the St. Nicholas Bank, he has given just cause for criticism. Nevertheless, we do not believe that the circumstances justify the

24. April 11, 1896 New-York Tribune New York, NY

Article from New-York Tribune, April 11, 1896

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# AGAINST EX-MAYOR GRANT AS RECEIVER. When the St. Nicholas Bank failed it gave up its quarters in the Mills Building and surrendered the lease which called for a rental of $12,000 a year. D. O. Mills, the owner, could find no new customer at that figure and leased the premises to the Ger-man-American Bank for $9,000 a year. Then he sued ex-Mayor Hugh J. Grant as receiver for the bank for $9,000, his loss on three years' rental the balance of the lease. The receiver refused to pay and the Special Term appointed a referee and confirmed his report in favor of Mr. Mills. The Appellate division of the Supreme Court yesterday handed down a decision affirming the finding of the lower court.