17073. Akron Savings Bank (Akron, OH)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
savings bank
Start Date
July 31, 1893
Location
Akron, Ohio (41.081, -81.519)

Metadata

Model
gpt-5-mini
Short Digest
38579db7

Response Measures

Full suspension

Description

Multiple articles report heavy withdrawals/runs and inability to realize on securities leading the Akron Savings Bank to fail to open and pass into the hands of a receiver on July 31, 1893. Depositors organized a plan (early August) to discharge the receiver and reopen; articles state the bank was to reopen the Monday after Aug 4 (Aug 7) and the receiver was formally discharged Sept 11. Cause of suspension was inability to realize on securities combined with runs prompted by other local bank closures and timid farmers withdrawing deposits.

Events (4)

1. July 31, 1893 Run
Cause
Local Banks
Cause Details
Heavy withdrawals by depositors (timid farmers) and runs spurred by the closing of other local banks (Citizens' bank); panic-driven withdrawals.
Measures
No stopgap measures reported; heavy withdrawals precipitated suspension and receiver appointment.
Newspaper Excerpt
The failure of the Akron Savings bank yesterday was caused solely by the withdrawal of deposits by those who did not need their money.
Source
newspapers
2. July 31, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank unable to realize on securities and experienced heavy withdrawals; inability to liquidate assets prompted suspension and receiver appointment.
Newspaper Excerpt
The Akron Savings Bank did not open this morning for business. Wm. Buchtel, president of the bank, has been appointed receiver.
Source
newspapers
3. August 7, 1893 Reopening
Newspaper Excerpt
Six hundred of the depositors ... agreed to a plan whereby the institution will be enabled to discharge the receiver and open its doors for business next Monday morning.
Source
newspapers
4. September 11, 1893 Other
Newspaper Excerpt
The receiver of the Akron Savings Bank was discharged today. The bank is reported in better condition than ever before.
Source
newspapers

Newspaper Articles (22)

Article from Evening Star, July 31, 1893

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FAILED TO OPEN. Banks Temporarily Embarrassed for Want of Money. AKRON, Ohio, July 31.-The Akron Savings Bank did not open this morning for business. Wm. Buchtel, president of the bank, has been appointed receiver. The capital stock is $200,000, with a reserve fund of $50,000 and undivided profits of $18,000. The bank will pay dollar for dollar. Cause of suspension, inability to realize on securities. HORNELLSVILLE, N. Y., July 31.-The private banking house of N. M. Crane & Co. closed its doors this morning. The suspension is attributed to the general stringency prevailing in business circles, and the value of the assets are stated to equal the liabilities, but cannot be realized on at present.


Article from Evening Journal, July 31, 1893

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Failure of Akron Bank, AKRON, July 31.-The,Akrop Savings Bank failed to-day. William Buchtel, the president, has been appointed receiver. The capital stock is $200,000, reserve $50 000. The bank will pay in full. Inability to realize on securities and heavy withdrawals were the cause.


Article from Asheville Daily Citizen, July 31, 1893

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Resources Greater Than Liabilities. AKRON, Ohio, July 31.-The Akron Savings bank suspended this morning. The suspension was caused by the closing of the Citizens' bank Saturday. Total resources, $973,634.38; total liabilities $522,460.


Article from The Wichita Daily Eagle, August 1, 1893

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AKRON, O., July 31.-The Akron Savings bank, unable to realize on securities, suspended this morning. Its president, William Butchel, was appointed receiver. The capital is $200,000, with a reserve of $50,000. The bank will pay in full.


Article from The Helena Independent, August 1, 1893

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TO PREVENT HOARDING. New York Savings Banks Require the Time Limit. NEW YORK, July 31.-This morning the savings banks of the eit% as a rule, began to take advantage of the sixty-day time classe, where largo amounts are concerned. to check the withdrawal of money for boarding or in senseless fright. but while nearly all the banks claimed the privilege of the time olanse, still in comparatively few instances was is applied. There did not seem to be any run anywhere. In Brooklyn the effect was somewhat different and the notice caused several rans. The greatest was on the Brooklyn Savings bank. When the doors opened this morning an enormous orowd were waiting to draw money. Threats were made. but as these were of no avail the crowd went away in an ugly mood. There were slight rune also on the South Brooklyn Savings institution and the Dime Savings bank. KANSAS CITY, July 31.-The Missouri National bank resumed business this morning, having fully recovered from the effects of the senseless panic which caused its suspension two weeks ago. CEDAR RAPIDS, Iows, July 81.-A. Daniels & Co., private bankers at Marion, have made an assignment. It is believed all will be paid in full and the bank be open in a few days. PORTLAND, Ore., July 81.-The First National bank of East Portland failed. Officers say the suspension is temporary. Resources, July 12, $325,000, deposits $160,000. AKRON, O., July 31.-The Akron Savings bank went into the hands of a receiver this morning. Capital $200,000, reserve $50,000, surplus $18,000. Will pay in full. THE DALLES, Ore., July 31.-The First National bank failed this morning, due to closing of the Commercial National bank of Portland. HORNELLSVILLE, N. Y., July 81.-N. M. Craneland, a private banker, failed this morning. Assets ar said to exceed liabilities. SPRINGFIELD, Mo., July 31.-The Springfield Savings bank failed this morning. Deposits $100,00. capital $25,000; will pay in full. PENDLETON, Ore.. July 31.-The Pendleton Savinge bank has temporarily suspended. Assets $250.000, liabilities $135,000. ASHLAND. Wis., July 1.-The First National bank failed this morning, owing to the steady drain on deposits.


Article from The World, August 1, 1893

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A Bank Falls to Open. AKRON, O,, July 31.-The Akron savings bank failed to open its doors Monday morning, and, in accordance with a resolution of the directors, passed into the hunds of William Buchtel'as receiver. William Buchtel is president, and Aaron Waggoner cashier. The bank's capital is $200,000, surplus $50,000, undivided profits Assurance is given that the $18,000. bank will pay dollar for dollar.


Article from New-York Tribune, August 1, 1893

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BANKS STILL CRASHING. MORE FAILURES REPORTED FROM THE WEST. FOUR SUSPENSIONS IN OREGON AND OTHERS IN OHIO, WISCONSIN, IOWA AND MISSOURI. Upper Sandusky, Ohio, July 31.--The Wyandotte County Bank went into the hands of a receiver this morning. The bank officials say that the assets are sufficient to pay depositors three times over. Heavy runs last week among farmers caused the suspension. John B. Layton and Dr. R. N. McConnell were ap pointed as receivers. Akron, Ohio, July 31.-The Akron Savings Bank did not open this morning for business. William Buchtel, president of the bank, has been appointed requiver. The capital stock is $200,000, with a reserve fund of $50,000, and undivided profits of $18,000. The bank will pay dollar for dollar. Hornellsville, N. Y., July 31.-The private banking house of N. M. Crane & Co. closed its doors this morning. The value of the assets is stated to equal the liabilities. Milwaukee, July 31.-A dispatch from Ashland, Wis., says: The First National Bank of Ashland failed to open its doors this morning. There has been a steady draw on the bank's deposit for a month. Its resources, according to the statement filed July 15, were $306,488. Dr. Edwin Ellis is president, and exGovernor Samuel S. Fifield, vice-president. The other banks are experiencing runs In consequence of the First National's failure. Cedar Rapids, Iowa, July 31.-A. Daniels & Cb., private bankers at Marion, made an assignment to C. H. Kurtz. The property is valued at $200,000. Springfield, Mo., July 31.-The Springfield Savings Bank, with a capital of $25,000 and deposits of about $100,000, made an assignment this morning. The bank is solvent and will pay in full. Portland, Ore., July 31.-The First National Bank of East Portland failed to open its doors this morning. The officers of the bank say the suspension is temporary. A statement published on July 12 shows the resources of the bank to be $325,000; deposits, $150,000. The Commercial Bank of Cottage Grove failed this morning. The Dalles, Ore., July 31.-The First National Bank closed its doors this morning. The suspension is due to the closing of the Commercial National Bank, of Portland. Pendleton, Ore., July 31.-The Pendleton Savings Bank has temporarily suspended. R. T. Cox has been appointed receiver. Assets, $250,000; liabilities, $135,000. Helena, Mont., July 31.-The Park National Bank. of Livingston, closed this morning. No statement is given. Indianapolis, July 31 (Special).-The investigation of the condition of the suspended Indianapolis National bank by Hugh Young, special examiner. is developing a bad state of affairs. It was reported to-day that President Hanghey was a borrower from the bank in excess of the 10 per cent of the capital stock allowed by law, and that factories in which officers of the bank are interested nad secured sums on loans in excess of the amount allowed by law. Mr. Hanghey saw representatives of the newspapers to-day for the first time since the bank suspendel, and he denies that he has violated the National banking laws.


Article from Wheeling Register, August 1, 1893

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KATE GANNETT WELLS. CONCERNING BUSINESS AND FINANCE. CHICAGO, July 81.-A special from Denver, Col., says that Attorney General Engloy has rendered an opinion to the effect that it is within the power of the Legislature to enact appropriate legislation for the establishment of a statutory depository of silver bullion and the issuance of certificates thereon, assignable to delivery and receivable by the State in the payment of State taxes. WASHINGTON, July 31.-Acting Mint Director Preston characterizes as & wild heresy the proposition of State Attorney General Engley, of Colorado, to establish State bullion depository to issue certificates against silver bullion. The scheme is not violative of the United States statutes, it is said, but it is regarded at the treasury as a temporary make-shift and impracticable. NEW YORK, July 31.-With this morning the savings banks, as & rule, began to take advantage of the sixty day time clause. That is, the bank officials made use of the prerogative in cases where large amounts were concerned, or where such action was deemed necessary to check the withdrawal of money for hoarding or in senseless fright. But while nearly all the banks claimed the privilege of using the time clause, still in comparatively few instances was it applied. A visit to the principal savings banks of this city this morning disclosed the fact that about the usual amount of business was being done. Perhaps & trifte more than the average number of depositors were waiting their turns to draw money, but on the other hand, in most of the banks there were corresponding lines of persons anxious to deposit money. The general impression seemed to be one of confidence in the banks. There did not seem to be anything like a "run" anywhere in this city. In Brooklyn the effect was somewhat different, and the notice caused several runs. The greatest was on the Brooklyn Savings Bank. When the doors of the bank opened a crowd was waiting to draw its money. Threats were made, but as these were of no avail the crowd went away in an ugly mood. Slight runs were also made on the South Brooklyn Savings Institution, and on the Dime Savings Bank. AKRON, O., July 31.-The Akron Savings bank did not open this morning for business. William Buchtel, President of the bank, has been appointed receiver. The capital stock is $200,000, with a reserve fund of $50,000 and undivided profits of $18,000. The bank will pay dollar for dollar. Cause of suspension, inability to realize on securities. HORNELLSVILLE, N. Y., July 31.-The private balking house of N. M. Crane & Company closed its doors this morning. The suspension is attributed to the general stringency prevailing in business circles, and the value of the assets are stated to equal the liabilities, but cannot be realized on at present. MILWAUKEE, WIS., July 31.-A special from Ashland, Wis., savs the First National Bank of Ashland, Wis., failed to open its doors this morning. There has been a steady draw on the banks deposits for & month past. Its resoerces according to the statement filed July 15, were $396,. 488. D. R. Ellis is President and ex-Governor Sam S. Fifield Vice President. The other banks are experiencing runs in consequence of the First National failure. CHICAGO, July 31.-As a result of the big drop in the price of September wheat on the Board of Trade to-day the firm of Lyon & Hurlburt notified its customers to protect themselves. The firm is understood to have been carrying 800,000 bushels of wheat on which there was a loss of some $70,000, but was short about 600,000 bushels of corn on which there was a profit of $20,000, leaving a net loss of $50,000. The firm promises to pay in full as soon as it can realize on collaterals. The senior member of the firm, J. B. Lyon, is one of the oldest and best known members of the Board of Trade and at one time made a great stir by running a corner in corn.


Article from Rock Island Daily Argus, August 1, 1893

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Another Bank Failure at Akron, O. AKRON, Aug. 1.-The Akron Savings bank has suspended. The total resources are given out as $973,634.38; total liabilities, $522,460.49.


Article from Arizona Weekly Journal-Miner, August 2, 1893

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TELEGRAPHIC BY ASSOCIATED PRESS TO JOURNAL-MINER. The Daily List of Bank Failures. Akbon, O., August L-The Akron Savings bank has failed. PORTLAND, August 1.-The First National Bank in East Portland and the First National Bank at the Dalles have failed. ASHLAND, WIS., August 1.-The First National Bank here has failed. Runs are being made on other banks but it is thought they can stand the pressure. SPRINGFIELD, Mo.August 1-The Springfield Savings bank has failed. Judge Ross Hits the Geary Act. Los ANGELES, August 1.-United States Judge Ross has decided that the part of the Geary Act prescribing punishment for Chinese illegally in the United States, is contrary to the constitution and void. He decided that the deportation clause is legal. A Big Fire in Frisco. SAN FRANCISCO, Aug. 1.-A fire last night destroyed Buyer & Reich's dry goods store. The loss is estimated at $100,000. The Silver Convention in Session. Chicago, Aug. 2-The National Convention of bi-metalic leagues began here this morning. Prominent silver men from all parts of the continent are in attendance. Burned Out the Chinamen. DENVER, Aug. 2.-The white miners at Como burned the headquarters of the Chinese miners. Eight Chinese miners are supposed to have burned to death. It Will Make Good Pork. TOSTORIA, OHIO, Aug. 2.-On account of the low price of wheat, farmers here are feeding wheat to hogs. Another Failure. Philadelphia, Pa., Aug. 2-The Philadelphia Packing Company has failed for a large amount.


Article from New Ulm Review, August 2, 1893

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BANK FAILURES. The Commercial bank of Cottage Grove, Or., has failed. The Akron, O., Savings bank has suspended. The suspension was caused by the closing of the Citizens' bank Saturday. The Wyandofte County bank at Upper Sandusky, O., has gone into the hands of receivers. The bank officials claim the assets are sufficient to pay depositors three times over.


Article from The Stark County Democrat, August 3, 1893

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THE troubles in Akron yesterday were precipitated by timid farmers, who drew their money out of savings banks, and then hid it from sight. Scare money makes low prices. The present low price of farm products is caused by scarce money. The men who take their money out of use and put it where it is no use, are largely responsible for the present money famine. The failure of the Akron Savings bank yesterday was caused solely by the withdrawal of deposits by those who did not need their money. The bank is conceded to be solvent.


Article from The Kinsley Graphic, August 4, 1893

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GENERAL MANAGEB W.S MELLEN, Pa- of the Northern Pacific, died on the cific coast recently. THE clearing house committee of Chicago has decided to issue clearing house certificates A SERIOUS state of affairs existed at Denver, Cob. owing to the vast numbers of unemployed, who were holding the meetings and threatening to loot the National banks requested milicity. protection of the United States tary, which they were able to do, being national CASHIER depositories OVERTON S. PRICE, of the Citizens' national bank, of Hillsboro, O., is under arrest. THERE was a bitter wrangle on about the arbitrary freight rates between Bluffs. jobbers of Omaha and Council First national bank of Great the Falls, THE Mont., suspended, owing to beHelena bank suspensions. It was lieved it would soon resume. THE world's fair management is again undecided about Sunday opening. THREE harvest excursions for points fair the west and south, at world's West in rates, have been arranged by the Passenger association. ern THE Roby boarding-house at Decatur, III. has been set on fire four times within thirty-eight days NINETY-SIX business houses were de- made stroyed and sixteen families were homeless by fire at Fifield, Wis. THE Standard Oil is again in com- the plete control of Colorado. Its rival, Rocky Mountain Oil Co., is no more, and the big petroleum monopoly has the field to itself once more. THERE were runs at Chippewa Falls, Wis., caused by the failure of Seymour's private bank. UNITED STATES MARSHAL Nix has in his possession about fifty head of cattle of which he confiscated from the gang were horse and cattle thieves who captured in the Cherokee strip. THE Utes will soon be compelled to vacate their reservation in Colorado and will be sent to Utah. THE gates of the world's fair were opened last Sunday. THE Denver chamber of commerce and board of trade have sent a.silver memorial to congress ONE person was killed and three acothers were seriously injured in an eident on a bridge at Chicago. DR. LEE LING,a Chinese physician, of Chicago, and Miss Lizzie Fairman, were an American girl, of the same city, recently married at Peoria, Ill. SECRETARY HOKE SMITH was Langed the in effigy at Rome, O., because of suspension of a pensioner. EXHIBITORS have presented their grievances to the management of the world's fair. THE McNeil & Urban safe & Lock Co., one of the oldest safe firms in the country, have assigned to Howard Douglass, of Cincinnati. The assets $160,000; liabilities unknown. The are firm has been unfortunate in several large contracts. ONE of the most daring robberies ever attempted in Chicago, was committed in the residence of Mrs. R. Ammon at broad daylight. The thieves,after binding and gagging Mrs. Ammon, succeeded in robbing her of diamonds and $2,gold watch, the whole value being 000, and made good their escape. THERE was a run on the banks at of Ashland, Wis., caused by the failure the First national bank of that city. THE Chicago banks are buying up exchange for the purpose of importing gold on local account MRS. LUCILLE RODNEN. of Galveston, Tex., who has been tramping from Dallas to Chicago since May 16, arrived at Chicago on the 31st, a day ahead of time. She is supposed to have won $5,000. THE Akron, O., savings bank has failed. BOOMERS are allowed to cross the strip on the wagon roads. They must not, however, hunt up corner stones. A FARMER named Langevin had his house burned down near Olga, N.D., while lighting a fire with kerosene. Two children were burned to death. caused by a delay in payment was reported at of town of A wages, RIOT, Virginia, Minn. the mining workmen were assaulted by lumber after a desperate land, and NON-UNION beaten Wis., shovers encounter at Ashwith the police. WILLIAM NONEMACHER, a farmer living near Antigo, Wis., killed his wife and three children and made an unsuecessful attempt to end his own life. THE third trial of M. B. Curtis, the actor, for murder has commenced at San Francisco THE attorney -general of Colorado has rendered an opinion that the state legislature can take action establishing bullion depositories and issuing certificates thereon which shall be legal tender in the state. JOSEPH DEBOGUE, who is insane over pump of his own invention, has been brought back to the hospital for the insane at Jacksonville, III., from Orange, N.J. THE SOUTH. and a were & killed a collision on the Four-tramps by brakeman Va. Norfolk Western, near Welch, W. TAYLOR, Lulu Smith and Nellie all Marian MAGGIE drowned Patrick, Johnson, Patwomen, were near young It's


Article from The Times, August 5, 1893

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To Reopen Its Doors. AKRON, OHIO, August 4.-Six hundred of the depositors of the Akron Savings Bank assembled last evening in Columbia Hall, and unanimously agreed to a plan whereby the Institution will be enabled to discharge the receiver and open its docrs for business next Monday morning.


Article from The Morning News, August 5, 1893

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Akron's Bank to be Resumed. Akron, Ohio, Aug. 4.-Six hundred depositors of the Akron Savings bank assembled last evening in Columbia hall and unanimously agreed to a plan whereby the institution will be enabled to discharge the receiver and open its doors for business next Monday morning.


Article from The Roanoke Times, August 5, 1893

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THE FRANKLIN BANK CLOSES. inability to Make Collections the Cause of the Failure. ROCKY MOUNT, Va., Aug. 4.-(Special)-The Franklin Bank closed its doors this morning. It has a capital of $10,000 and a surplus of $15,000 with deposits of about $30,000. G. E. Dennis is president and G. H. T. Greer cashier It was organized under the State banking laws. Inability to make collections was the cause of its closing. Its assets are nearly twice its liabilities and an early resumption is expected. OTHER FAILURES. ST. PAUL, Minn., Aug. 4.-The temporary suspension of the German American National Bank last night, although not unexpected in banking circles, was a great surprise to the general community. So confident are the people of the strength of the remaining banks that, although some depositors are quietly withdrawing their money from a few banks, there is no particular excitement or general run. AKRON, Ohio, Aug. 4.-Six hundred of the depositors of the Akron Savings Bank assembled last evening in Columbia Hall and unanimously agreed to a plan whereby the institution will be enabled to discharge the receiver and open its doors for business next Monday morning. NEW YORK, Aug. 4.-N. L. Carte & Company, importers of tin plate and other metals, made an assignment today. The liabilities are about $350,000. The assets are large, but the actual amount cannot be given. S. Jacoby & Co., cigar manufacturers, failed to day. The liabilities are $150,000 with large assets. ST. LOUIS, Mo., Aug. 4.-The Hamilton- Brown Shoe Factory, located at Twentieth and Locuststreets, suspended operations this morning temporarily owing to depression of business, throwing 500 men and 400 women and girls out of employment.


Article from St. Paul Daily Globe, August 5, 1893

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A Bank Will Open. AKRON, O., Aug. - -Fifteen hundred of the depositors of the Akron Savings bank assembled last evening in Columbia hall and unanimously agreed to a plan whereby the institution will be enabled to discharge the receiver and open its doors for business next Monday morning. The plan provides for the payment of 25 per cent on or after ninety days from date of opening and 25 per cent each quarter thereafter or as much earlier as may appear feasible to the bank officials. The receiver reported total assets. $754,984.88; liabilities, 505,916.44, and securities giltedged.


Article from Baxter Springs News, August 5, 1893

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THE Utes will soon be compelled to vacate their reservation in Colorado and will be sent to Utah. SECRETARY HOKE SMITH was hanged in effigy at Rome, O., because of the suspension of a pensioner. EXHIBITORS have presented their grievances to the management of the world's fair. THE McNeil & Urban safe & Lock Co., one of the oldest safe firms in the country, have assigned to Howard Douglass, of Cincinnati. The assets are $160,000; liabilities unknown. The firm has been unfortunate in several large contracts. ONE of the most daring robberies ever attempted in Chicago, was committed at the residence of Mrs. R. Ammon in broad daylight. The thieves.after binding and gagging Mrs. Ammon, succeeded in robbing her of diamonds and a gold watch, the whole value being $2,000, and made good their escape. THERE was a run on the banks at Ashland, Wis., caused by the failure of the First national bank of that city. THE Chicago banks are buying up exchange for the purpose of importing gold on local account. MRS. LUCILLE RODNEY, of Galveston, Tex., who has been tramping from Dallas to Chicago since May 16, arrived at Chicago on the 31st, a day ahead of time. She is supposed to have won $5,000. THE Akron, O., savings bank has failed. BOOMERS are allowed to cross the strip on the wagon roads. They must not, however, hunt up corner stones. A FARMER named Langevin had his house burned down near Olga, N. D., while lighting a fire with kerosene. Two children were burned to death. A RIOT, caused by a delay in payment of wages, was reported at the mining town of Virginia, Minn. NON-UNION workmen were assaulted and beaten by lumber shovers at Ashland. Wis., after a desperate encounter with the police. WILLIAM NONEMACHER. a farmer living near Antigo, Wis., killed his wife and three children and made an unsuccessful attempt to end his own life. THE third trial of M. B. Curtis, the actor. for murder has commenced at San Francisco. THE attorney-general of Colorado has rendered an opinion that the state legislature can take action establishing bullion depositories and issuing certificates thereon which shall be legal tender in the state. JOSEPH DEBOGUE. who is insane over a pump of his own invention, has been brought back to the hospital for the insane at Jacksonville, III., from Orange, N.J. THE Cudahy corner in pork and lard collapsed at Chicago on the 1st. Six prominent firms, including John Cudahy, went down in the wreck. THE Journal, of Mianeapolis, Minn., says that Mgr. Satolli is resolved upon humbling Archbishop Corrigan, of New York. AT Utica. O., John Tattle, two men named Bell. a Mr. Bowers and Mr. Skillen were killed and Joseph Shippen was fatally injured by the explosion of the boiler of a threshing machine. THE Seven Corners bank, of St. Paul, Minn., has assigned. THE Wyandotte county bank, of Upper Sandusky, O., has closed its doors. THE national silver convention met as arranged at Chicago on the 1st. FIVE section men on a hand car on the Vandalia railroad were held up by a single masked man and robbed of nearly $150. THE First national bank of Kendallville, Ind., which suspended payment June 22, has been permitted to reopen its doors for business. THE fine steamboat owned by Capt. A. T. L. Armstrong, of Nashville, Tenn., was burned at New Albany, Ind. Loss. $80,000. THE Milwaukee & St. Paul earnings for June make a most satisfactory showing.


Article from Baxter Springs News, August 12, 1893

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THE WEST. A FIRE at Princeton, Minn., destroyed the First national bank building, a hotel and six business houses, causing a loss of $50,000; insurance only partial. FIFTEEN hundred of the depositors of the Akron, O., Savings bank unanimously agreed to a plan whereby the institution will be enabled to discharge the receiver and open its doors for business.


Article from Grand Rapids Herald, September 12, 1893

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# Receiver Discharged. AKRON, Ohio, Sept. 11.-The receiver of the Akron Savings bank was discharged today. The bank is reported in better condition than ever before.


Article from The World, September 14, 1893

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TELEGEAPHIC BREVITIES. The receiver of the Akron Savings Bank was discharged. The bank is reported in better condition than ever before. Curtis C Bushnell, Yale '91, lett New Haven to accept a professorship in the Emory and Henry University of Virginia. New Haven was the host of the ancient Order of Foresters of America, who are holding an important convention to last through the week. Henry V. Claus, wholesale liquor dealer of Erie, died in consequence of exposure suffered during the floods of last May. He was worth $200,000. The Rev. Father W, Ring, Superior General of the Order of Oblate Fathers. arrived from Dublin on the Arizona. Father Ring will attend the Parhament of Religions. Near Fairview, Southwest Virginia, Mrs. Wilson Berry shot and fatally wounded by Mrs. John Scott, a neighbor, and young Berry was shot by the Scott woman's son. The funeral of the late Richard M. Hooley took place from the Holy Name Cathedral, corner Cass street and Chicago avenue, Chicago. The floral offerings arrived from all parts of the country. Interment was at Calvery Cemetery.


Article from Huntsville Gazette, September 16, 1893

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MISCELLANEOUS. THE wheat crop of Kansas this year is officially estimated at 19,000,000 bushels, against 70,000,000 last year. ON the 11th the Cambria Iron Co.'s mill at Johnstown, Pa., resumed work, giving employment to over 3,000 nen. SPINNERS at New Bedford. Mass., have accepted a reduction in wages. IMPORTS of specio at the port of New York for the week ended on the 9th were $2,525,830, of which $2,356,565 was gold and $169,273 silver. The imports exclusive of specie were $5,679,605, of which $1,948,174 were dry goods and $3,731,431 general merchandise. ON the 11th twenty-three delegates from the Polish socialists of Germany met in Berlin to organize a Polish social democratic party. THE receiver of the Akron (0.) savings bank has been discharged, and the bank is reported in better condition than ever before. ON the 11th the world's first parliament of religions opened in Chicago. THE Western national bank of South Pueblo, Col.; the First national bank of Provo, Utah; the First national bank of Nashville, Tenn., and the First national bank of Le Mars, Ia., have resumed. THE new cruiser Detroit has been ordered to proceed to sea at once. Her destination will be Greytown, Nicara. gua, to reinforce the Alliance.