First National Bank (Sioux City, IA)

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Business Failures

Broux CITY, Nov. 19,-The First National bank has closed its doors. The failure is due to heavy withdraw. ale. CHICAGO, Nov. 19. - The Probet Construction company made an assignment to Gustave Wilke, The company is one of the Inrgest contracting concerns in the country. The company buflt the Coliseum, Schiller bullding, and Peristyle at the World's Fair, the Fisheries building. Hagenbacks building on Midway Plaisance, the court house at Fort Worth, Texas, and other notable buildings. NEW YORK, Nov. 19.-Blichter, a member of the Probat Construction company, with headquarters in this city, was questioned today with reference to the report from Chicago that the company had made an assignment. He 9810: "I have heard nothing of the assignment, though naturally I should have been advised. I know no cause for such proceeding." WASHINGTON, Nov. 19.-The comptroller of currency has received notice of the failure of the First National bank, Sioux City, Iowa. The capital is $100,000. The liabilities to depositors at the date of the last report Was $407,000; loans and discounts $492,000. Bank Examiner Bianding bas been placed in charge.

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CLOSED ITS DOORS

The First National Bank of Sioux City, Iowa. SIOUX CITY, Ia., Nov. 19.-The First National bank has closed its doors. The failure is due to heavy withdrawals. The bank is one of the oldest institutions of the city and was considered one of the soundest. The failure caused a run on the Sioux City savings bank, but it took advantage of the sixty-day law. The firm of J. K. Pugh, china and queensware, assigned as a result of the failure of the First National.

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Failures in Iowa

SIOUX CITY, Nov. 19.-The First National. bank of Sioux City closed its doors at 11 o'clock this morning as a result of heavy withdrawals since the failure of the Iowa Savings bank last week. E. H. Hubbard, attorney for the bank, said the bank closed on account of steady withdrawals. The failure of the First National bank caused a run on the Sioux City Savings bank, T. J. Stone being president of both institutions. The officers took advantage of the 60-day law, but late in the day F. B. Ross was appointed re-

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Two Banks and a Jobbing Firm Go to the Wall. SIOUX CITY, Nov. 19.-(Special Telegram.)-One of the oldest and supposedly the soundest bank in Sioux City went down today, carrying with it another bank and one good business house. The First National bank, organized twenty-six years ago by Thomas J. Stone, who was a pioneer in banking circles here and had conducted a private bank for years, closed at 10 o'clock owing to a run which had exhausted the availabe funds. The bank helped nearly all the other banks three years ago. and was known at that time to have a large amount of money available. Recently the depositors have heard rumors which caused the run. The bank examiner will arrive tomorrow and take charge. The only statement is that made to the comptroller a month 260, as follows:

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Sioux City's Defunct Bank

SIOUX CITY, IOWA, Nov. 20.-Bank Examiner Blanding to-day took charge of the defunct First National Bank. The officers have received offers of assistance and may be able to reopen soon. The following statement of the condition of the Sioux City Savings Bank, for which a receiver was appointed yesterday, was made to-day: Assets, bilis receivable, $118,588 68; real estate, $34,51488; cash on hand and stocks and bonds, $8486 48; liabilities, stocks and surplus, $55,463 97; deposits, $106,136 07.

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The Iowa Bank Failures

Sioux City, Ia., Nov. 20.-Bank Examiner Blanding today took charge of the defunct First National bank. The officers hope to reopen soon. The following statement of the condition of the Sioux City Savings bank, for which a receiver was appointed yesterday, was made today: Assets, bills receivable, $118,588.68; real estate, $34,514.88; cash on hand and stocks and bonds, $6,486.48; liabilities, stock and surplus, $55,463.97; deposits, $106,136.07.

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assigned; aggregate liabilities, nearly $500,000. The Chicago Consolidated Iron and Steel Co. assigned; liabilities, about $300,000. B. Hilton, Hughes & Co., successors to A. T. Stewart & Co., New York, made a general assignment and closed business; liabilities over $1,000,000. 31. The Kings County Elevated Railway Co. of Brooklyn placed in hands of a receiver. SEPTEMBER. 4. The First National bank of Helena, Mon., failed, with heavy liabilities. 26. The First National bank of Springville, N. Y., suspended. Wolf Bros.' dry goods establishment in Little Rock closed by attachments; liabilities, $500,000. OCTOBER. 6. The Car and Lumber Co. of Tyler, Tex., failed; liabilities, $250,000. John Maclean & Co., wholesale millinery, failed in Montreal; liabilities, $175,000. B. L. Price & Co., clothing manufacturers, failed; liabilities, $125,000. 7. The First National bank of Ithaca, Mich., failed. 14. The Marine National bank of Duluth failed. 15. The Bank of Commerce of Buffalo closed its doors. 16. Merchants' National bank of Atlanta failed. 19. The Western New York Preserving Co., at Buffalo, seized by the sheriff for debt; 11abilities, $167,323. Charles Bertrand & Co., merchants, of Isle Verte, Que., failed, with liabilities of $235,000. 29. The Mecosta County Savings bank, at Big Rapids, Mich., suspended. NOVEMBER. 20. The First National bank of Sioux City, Ia., failed. 23. The Dakota National bank of Sioux Falls failed. 30. The Missouri National bank, at Kansas City, passed into the hands of the comptroller of the currency. The First National bank of Tyler, Tex., failed. DECEMBER. 1. Gage & Felton, bankers and brokers, failed in Boston.

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A SIOUX CITY FAILURE

White & Howe Company, Shoe Dealers, Make an Assignment. Sioux City, Dec. 28. The White & Howe company, retail dealers in shoes, assigned early this morning for the benefit of its creditors. A notice to this effect was posted on the door of the company's store about 1 b'clock this morning. The failure was brought on by the fact of the bank failures both in Stoux City and Chicago. When the First National bank of this city failed the company was owing it a considerable sum. The pending reorganization of that bank made it imperative that it have this money, which the company expected to realize from other sources, but the bank failures in Chicago disappointed these hopes, and as it had paper coming due today which it could not meet, the company was constrained to assign for the benefit of its creditors without preference. The White & Howe company consists of W. L. White, president; E. C. White, secretary, and B. A. Judd, additional di. rector.

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Receivers for National Banks

WASHINGTON, Jan. 7.-The comptroller of the currency has appointed Bank Examiner Blancing temporary receiver of the First National bank of Sioux City and Examiner Anheir receiver of the Citizens' National bank of Fargo, N. D. Bank Examiner Turilot has been appointed receiver of the Second National bank of Grand Forks, N. D.

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Permitted to Resume Business

Washington, March 17.-The First National bank of Sioux City, Ia., which suspended payment Nov. 19, 1896, having complied with all the conditions precedent to resumption, and its capital stock being now unimpared, has been permitted to resume business.

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Sioux City Bank Resumes

ASHINGTON, March 17.-The First National bank of Sioux City, Ia., which suspended payment Nov. 19. 1896, having complied with all the conditions precedent to resumption, and its capital stock being now unimpaired, has been permitted to resumeb usiness.

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Sloux City Bank Reopens

WASHINGTON, March 18.-The First National bank of Sioux City, which suspended payment November 19. 1896, and was placed temporarily in the hands of a receiver, has been permitted to reopen its doors for business, sko

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Permitted to Reopen Its Doors

WASHINGTON, March 17.-The First national bank of Sioux City, Ia., which suspended payment November 19, 1896, and was placed temporarily in the hands of a receiver, has been permitted to reopen its doors for business.

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National Bank Resumes

Washington, March 17.-The First national bank of Sloux City, 1a.. which suspended payment November 19, 1896, and was placed temporarily in the hands of a receiver, has been permitted to reopen its doors for business.

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National Bank Resumes

Washington, March 17.-The First national bank of Sioux City, la., which suspended payment November 19, 1896, and was placed temporarily in the hands of a receiver, has been permitted to reopen its doors for business.

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National Bank Resumes

Washington, March 17.-The First national bank of Sioux City, la., which suspended payment November 19, 1896, and was placed temporarily in the hands of a receiver, has been permitted to reopen its doors for business.

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Receiver Wanted for an Iowa Bank. Sioux City, Ia., June 26. - Federal Judge Shiras will hear an application for a receiver for the First National bank here July 6. Three years ago the bank failed. Large depositors took stock for part of their claims and a reorganization followed. More recently the Farmers' Loan and Trust company swallowed the bank, an arrangement to which these stockholders objected. They have already secured a temporary injunction against any disposition of the assets.