17581. Chamberlain National Bank (Chamberlain, SD)

View Charter #4282 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
4282
Charter Number
4282
Start Date
June 24, 1893
Location
Chamberlain, South Dakota (43.811, -99.331)

Metadata

Model
gpt-5-mini
Short Digest
406b5a9d96d2e85f

Response Measures

Accommodated withdrawals

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1893-09-30
Date receivership terminated
1899-04-07
OCC cause of failure
Losses
Share of assets assessed as good
49.7%
Share of assets assessed as doubtful
43.5%
Share of assets assessed as worthless
6.8%

Description

Newspapers report an initial one-hour run on June 24, 1893 tied to the failure of the Farmers' and Merchants' Bank at Plankinton and an alleged connection of a local president; later reports (late July 1893) state the Chamberlain National failed/closed and a receiver was appointed (Oct 1893). Subsequent receiver dividend payments confirm permanent closure. Cause of run/suspension is contagion from local bank failures / money stringency.

Events (7)
1. April 8, 1890 Chartered
Source
historical_nic
2. June 24, 1893 Run
Cause
Local Banks
Cause Details
Run traced to failure of the Farmers' and Merchants' bank at Plankinton and reports linking R. B. Hart (president here) to that failure.
Measures
Bank withstood an hour-long run; only small depositors drew out; excitement subsided.
Newspaper Excerpt
The Chamberlain National Bank this afternoon successfully stood an hour's run by depositors.
Source
newspapers
3. July 28, 1893 Suspension
Cause
Local Banks
Cause Details
Reported failure/closing in late July amid wider stringency and failures of other regional banks (contagion / money stringency).
Newspaper Excerpt
Controller Eckels is advised that the Chamberlain National Bank, of Chamberlain, S. D., capital $50,000, individual deposits $15,000, failed to-day.
Source
newspapers
4. September 30, 1893 Receivership
Source
historical_nic
5. October 2, 1893 Receivership
Newspaper Excerpt
The controller of the currency has appointed J. Leslie Thompson receiver of the Chamberlin National Bank of Chamberlin, S. D.
Source
newspapers
6. December 14, 1893 Other
Newspaper Excerpt
The receiver of the Chamberlain National bank, J. Leslie Thompson, has notified the depositors ... he is prepared to pay them a dividend of 50 per cent whenever they call upon him.
Source
newspapers
7. August 16, 1894 Other
Newspaper Excerpt
Receiver Thompson of the Chamberlain National Bank ... is making a payment of 30 per cent. to depositors, making a total of 80 per cent. already paid.
Source
newspapers

Newspaper Articles (16)
1. June 25, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, June 25, 1893

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Successfully Stood a Run. Special to the Globe. CHAMBERLAIN, S. D., June 24.-The Chamberlain National Bank this afternoon successfully stood an hour's run by depositors. Only small depositors had drawn out their money when the excitement subsided. The cause of the run was the failure of the Farmers' and Merchants' bank, at Plankinton, with which R. B. Hart was reported to be connected. Hart 18 president of the bank here, which experienced the run. The trouble is undoubtedly is over.

2. July 29, 1893 New-York Tribune New York, NY
Article from New-York Tribune, July 29, 1893

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MORE BANKS GO UNDER. NINE CLOSED IN THE WEST AND ONE IN KENTUCKY. ONLY THREE NATIONAL BANKS IN THE NUMBER -SEVERAL OF THE INSTITUTIONS LIKELY TO RESUME BUSINESS. Ellensburg, Wash., July 28.-The Ellensburg National Bank suspended payment on Wednesday. George B. Markle, president of the two banks which failed in Portland on that day, is also president of the Ellensburg bank. Portland, Ore., July 28.-The Union Banking Company has suspended. Great Falls, Mont., July 28.-The First National Bank of this city suspended this morning. The assets are much above the liabilities, and it is believed that the bank will soon resume. Money stringency is given as the cause of the failure. The bank was owned in large part by the Great Falls Town Site Company, and was a depository for the Great Northern Railway. Washington, July 28.-The First National Bank of Great Falls, which suspended this morning, has a capital of $250,000. The bank carries a line of individual deposits from $650,000 to $700,000. Controller Eckels is advised that the Chamberlain National Bank, of Chamberlain, S. D., capital $50,000, individual deposits $15,000, failed to-day. Milwaukee, July 28.-Dispatches to "The Evening Wisconsin" from Port Washington say the GermanAmerican Bank at that place failed to-day. Chippewa Falls, Wis., July 28.-G. W. Seymour's private bank closed Its doors here this morning. There were runs on all the other banks in the town. Chicago, July 28.-A dispatch to "The Record" from Martinsville, Ind., says: The S. M. Mitchell Bank, established thirty years ago, and backed by $500,000, went, into. voluntary liquidation yesterday. The cause of the action, it is said, is the division of the estate. Sparta, Wis., July 28.-Two banks closed their doors here yesterday-the M. A. Thayer Bank and the Bank of Sparta. The cashiers of both institutions say that the action was taken to protect depositors, and that the banks will resume. The liabilities of the Thayer Bank are placed at about $175,000, and the assets at $225,000. The liabilities of the Bank of Sparta are said to be $210,000, with assets of $300,000. Mt. Sterling, Ky., July 28.-The officers of the Traders' Deposit Bank decided last night to suspend payment, owing to a heavy run on the bank yesterday, caused by the Suspension of the Farmers' Bank. The bank owes $150,000, and has $390,000 of good assets, and the officers hope to resume business a: an early day.

3. July 29, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, July 29, 1893

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Busy Times at the "Plymouth," Seventh and Robert, And heavy losses in all departments. to close out summer outfits before stock taking. THE LIST OF FAILURES. A Chippewa Falls Bank Among Those Going Down. Special to the Globe. CHIPPEWA FALLS. Wis., May 28.The Seymour bank, of this city, closed its doors this morning. Upou the door was posted the notice: "Closed on account of the stringency of the money market." It was a state bank organized in 1870. There had been a quiet run on the bank for some time, and it was not entirely unexpected. Immediately tollowing the close of Seymour's a run was started upon the First National and Lumbermen's National banks, but so far it has not proven serious. GREAT FALLS, Mont., July 28.-The First National bank closed its doors today on account of the suspension yesterday of the two Helena banks: Assets and liabilities are not given. PORT WASHINGTON, Wis., July 28.The German-American bank closed its doors this morning. The bank had been singularly unfortunate, having been caught in both the Plankinton and Mitchell bank failures at Milwaukee. L. Andier has been appointed receiver. There are ample securities, and depositors will lose nothing. MILWAUKEE, Wis., July 28.-The R. Suhm Leather company has åssigned to John J. Suhm, whose bond was fixed at $80,000. Caspar H. Kroeger, a real estate dealer, has made a voluntary assignment to W. T. Lochemes, whose bond was fixed at $8,000. PITTSBURG, July 28.-The liabilities of the American Iron and Tube company, which failed yesterday at Harrisburg, are placed at $1,250,000, with assets exceeding $2,000,000. The receivers appointed were A. S. Matheson. of New York, and R. C. Neal, of Harrisburg. The works at Middletown and Youngs, town will be kept in operation. WASHINGTON, July 28.-Comptroller Eckels is advised that the Chamberlain National bank, of Chamberlain, S. D., capital $50,000, individual deposits $15,000, failed today. NEW YORK. July 28.-The announcement of the failures of H. C. Averall and C. H. Connelly was made on the consolidated exchange just before 2 p. m. today. The liabilities are small. The failures are attributed in both cases to the decline in Sugar and General Electric. PORTLAND, Or., July 28.-The Union Banking company made an assignment today. The institution did a small business and the failure caused no excitement. FALL RIVER, Mass., July 28.-Within twenty-four hours there has been a great change in feeling on the part of manufacturers. The Weetamoe mill managers have publicly announced their intention to shut down four weeks in August, and led other men to follow their example. This morning it is reported that the Flint and American linen mills will shut down in August for a longer or shorter period, dependent wholly on the condition of the money markets. The mills are well able to meet all their obligations, but the directors feel that it is useless to pay 8 per cent for time loans to enable them to pay operatives' wages. Some of the manufacturers say they cannot get money at any percentage, and they

4. July 31, 1893 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, July 31, 1893

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Bank Examiner John E. Diamond's time is so much taken up with the suspended bank of Hot Springs, that Leslie J. Thompson of Sioux Falls has been appointed special national bank examiner and assigned to take charge of the recently failed Chamberlain National bank.

5. August 2, 1893 The Star Reynoldsville, PA
Article from The Star, August 2, 1893

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FINANCIAL AND COMMERCIAL. At Portland, Ore., the Union Banking Company suspended. At Ellensburg, Wash,, the Ellensburg National bank suspended. At Chamberlain, D. N., the Chamberlain National Bank failed. At Sparta, Wis., the M. A. Thayer bank and the Bank of Sparta, both supposed to be solvent, closei Thursday. At Great Falls, Mont., the First National bank, with a capital of $200,000, suspended.

6. August 2, 1893 Watertown Republican Watertown, WI
Article from Watertown Republican, August 2, 1893

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FISHBACK, of Arkansas, is seriill. New York mills at Saco will shut for five weeks. ORLEANS-Chicago round trip rates been to cut $12. persons committed suicide at York on 28. July INNESOTA Catholics gave a reception Paul to Mgr. Satolli. troops are under arms at Denand sleep in the armory. Chamberlain National Bank. of mberlain, S. D., has failed. rail rate from New York to Chifirst class, has been cut to $10. REMONT and Suffolk mills at Lowell, will be operated on half time. Union Bank of Portland, Ore., suspended. It is asmall concern. J. H. WALLACE, the well-known soldier, died at Ottawa, III., aged cases of cholera and three ths are reported at Naples in twentyhours. EPRESENTATIVE LYNCH is the first consin congressman to arrive in shington. B. KILBRETH has been made coland W. Y. Bunn appraiser at York City. swept over the Catholic cemeat Paterson, N. J., damaging many monuments. 200 people- were made homeby the flood at Pueblo, Col. The reaches $250,000. Union Indurated Fiber Comworks at Lockport burned. $80,000 to $100,000. Missouri authorities will prevent miners, coming east from Colorado, the former state. ARPER, colored, was lynched at Ala., because of an attempted on a white woman. E. W. Chapin Company, at NorthMass., has assigned, owing $50,000. company makes satinets. Louisville Clearing House Assodecides to issue clearing house ficates to aid weak banks. ARLES SNIDER, a young farmer of County, Ia., has mysterioussappeared. Foul play is feared. is said that the refuse from the pamill at Wabash, Ind., is killing sands of fish in the Wabash River. W. CHOPIN & Co's bank at Stanton, closed with a crowd of deposat the doors. No statement is JOHNSON, of Chattanooga, charged killing Chief of Police Mitchell, released. Emperor of Germany has gone Isle of Wight, where he will meet of Prince Wales. A. BRINK shot J. Ray dead at O.T., because he would not account of $7. to test the constitutionality of Ohio anti-cigarette law has been at Cincinnati. home of the Republican National has been established in the block at Chicago. Big Four has refused to raise Fair rates and will maintain a tariff during August. McKIBBEN has been held by a jury in St. Louis charged with her father and sister. to release the lynchers of Lee in jail at Memphis, was frusby calling out the troops. a result of the war against liquor in Brooklyn, Ind., George Moss' was demolished by dynamite. 1,000 persons will be thrown employment by the closing of the silk mills at Paterson, N. J. per cent. of the Louis& Nashville shop employes at sville, Ky., have been discharged. NUFACTURING jewelers at Plainville, North Attleboro and AttleFalls, Mass., have closed their charges have been made Bishop Marty, of the Sioux Falls and Ablegate Satolli will in-SHERIFF J. L. CURTIS, of Brooke West Virginia, was arrested, with embezzling $15,000 of funds. far this year 1,749 retail liquor lihave been issued in the northern of Iowa, an increase of 400 over in rates is in progress in Inupolis. Round trip World's Fair are offered at $3, a reduction of M. M. SMITH, of Cleveland Ark., claims to have been in Little Rock of $1,288 of state clue has been obtained to the of Mrs. Leonard Fritzsche, at ington, Ia. All the suspects have released. carpet mills of Alexander Sons', at Yonkers, N. Y., have closed, and 5,000 employes are left

7. August 3, 1893 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, August 3, 1893

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It transpires since Receiver Sullivan has taken charge of the failed Farmers and Merchants' Bank at Plankinton, that Treasurer Frendenfeldt of the state board of regents has his notes there and in the defunct National of Chamberlain for $8,000. The board is now in session at Brookings and it is rumored that Joseph has three propositions to make to them: One that he will give for a bond some security company for the balance of the funds not turned in; or to let him remain as he is; and the third if they will give him a little time to turn what he has invested outside he will pay up the $8,000.

8. August 3, 1893 Eagle River Review Eagle River, WI
Article from Eagle River Review, August 3, 1893

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negroes and robbed of $7,500. COMMANDER WHITING, of the Alliance, and Miss Etta Ah Fong, of Honolulu, will be married in December. WHILE bathing in Rock River, near Rock Island, Ill., C. H. Bufordand Miss Fannie Sudlow were drowned. THE Chinese six companies will ask a rehearing before the United States supreme court of the Geary law case. THE courts have knocked out the Nebraska maximum rate law as practically confiscating all railroads in the state. SUIT for $1,900,000 for violation of contract has been brought by the Wiggins Ferry Company against the Alton road. A. G. MORGAN, Lexington, Ky., is made disbursing clerk of the bureau of engraving and printing at $2,000 per year. SENATOR HILL delivered an addresson "Personal Liberty" at the pienic of the Hop-Growers' Association at Rome, N.Y. FOURTEEN persons have been arrested charged with the murder of S. P. Bradshaw at Kingston, III. It was a whitecap outrage. THE British warship Triumph sailed from Malta for Portsmouth on Saturday with 300 survivors of the Victoria disaster on board. MATE GREENLEAF, of the ship Crapo, murdered a sailor on the voyage from Hong Kong to Boston. He avoided the Boston officers. IN attempting to release his impounded cows near Louisville, Edwin Graham shot Marshal A. J. Blunt and was in turn killed by the officer. MONTREAL'S mayor refuses to take part in a reception to officers of an Italian warship because the government is under the ban of the Vatican. Gov. WAITE, of Colorado, and Reporter Gaston had a hand to hand fight in Denver, the Governor attempting to eject Gaston from the executive office. SUIT is brought at St. Paul by the Metropolitan Trust Company of New York to foreclose a $3,220,000 mortgage on the Wisconsin, Minnesota & Pacific road. A STORY is told in connection with the failure of the Elmira National Bank, of Elmira, N. Y. After the failure, three notes aggregating $54,000 turned up among the assets. They were signed by three bank clerks without means and are worthless. Gov. FISHBACK, of Arkansas, is seriously ill. THE New York mills at Saco will shut down for five weeks. NEW ORLEANS-Chicago round trip rates have been cut to $12. FIVE persons committed suicide at New York on July 28. MINNESOTA Catholics gave a reception at St. Paul to Mgr. Satolli. STATE troops are under arms at Denver and sleep in the armory. THE Chamberlain National Bank. of Chamberlain, S. D., has failed. THE rail rate from New York to Chicago, first class, has been cut to $10. TREMONT and Suffolk mills at Lowell, Mass., will be operated on half time. THE Union Bank of Portland, Ore., has suspended. It is asmall concern. GEN. J. H. WALLACE, the well-known Union soldier, died at Ottawa, III., aged 67 years. FOUR cases of cholera and three deaths are reported at Naples in twentyfour hours. REPRESENTATIVE LYNCH is the first Wisconsin congressman to arrive in Washington. J. B. KILBRETH has been made collector and W. Y. Bunn appraiser at New York City. FIRE swept over the Catholic cemetery at Paterson, N. J., damaging many costly monuments. FULLY 200 people were made homeless by the flood at Pueblo, Col. The loss reaches $250,000. THE Union Indurated Fiber Company's works at Lockport burned. Loss, $80,000 to $100,000. THE Missouri authorities will prevent idle miners, coming east from Colorado, entering the former state. T. HARPER, colored, was lynched at Celera, Ala., because of an attempted assault on a white woman. THE E. W. Chapin Company, at Northboro, Mass., has assigned, owing $50,000. The company makes satinets. THE Louisville Clearing House Association decides to issue clearing house certificates to aid weak banks. CHARLES SNIDER, a young farmer of Hancock County, Ia., has mysteriously disappeared. Foul play is feared. IT is said that the refuse from the paper mill at Wabash, Ind., is killing thousands of fish in the Wabash River. C. W. CHOPIN & Co's bank at Stanton, Mich., closed with a crowd of depositors at the doors. No statement is made. DR. JOHNSON, of Chattanooga, charged with killing Chief of Police Mitchell, has been released. THE Emperor of Germany has gone to the Isle of Wight, where he will meet the Prince of Wales. H. A. BRINK shot J. Ray dead at Gutherie, O.T., because he would not

9. August 4, 1893 The State Herald Holyoke, CO
Article from The State Herald, August 4, 1893

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THE FINANCIAL SITUATION. On the 25th the Mitchell bank at Milwaukee closed its doors. Its deposits amount to nearly $8,000,000, assets $9,000,000. At Indianapolis the Indianapolis National bank and the Bank of Commerce closed their doors. Joint liabilities $2,500,000. Three banks at Louisville, Kentucky, also failed on the 25th. They are the Merchants' National, the Fourth National and the Louisville Deposit bank. None of the failures are considered bad ones. Depositors in the two national banks will be paid in full, and the loss to stockholders will not be more than 60 per cent. in either case. The situation on the New York stock exchange on the 28th was critical and a panic was narrowly averted. The news that the Erle railroad had gone into the hands of a receiver was largely responsible for the break in stocks which fell from 1 to 4 points. H. I. Nicholas & Co., brokers, assigned. The First National and Montana National banks of Helena, failed to open Thursday morning. A run followed on theother banks of the city. The run was confined principally to the Merchants' National bank, which paid everybody. They are confident that they will be able to stand the run. The two closed banks have ample assets, but cannot realize on them. The Oregon National bank and the Northwest Loan and Trust company of Portland failed to open their doors on the 27th. A notice on the door says: "Owing to withdrawal of deposits and the Inability to realize on securities this bank is forced to suspend." The First National of Middleboro, Kentucky, closed on the 27th. Two banks at Sparta, Wisconsin, closed, also a bank at Portage. The Ellensburg, Washington, National bank suspended payment. In consequence of a run upon It the Traders' Deposit bank of Mount Sterling, Indiana, suspended. The following banks failed on the 28th: First National at Great Falls, Montana; German National at Washington, Wisconsin; Seymour's Bank at Chippewa Falls, Wisconsin; Chamberlain National at Chamberlain, South Dakota. The publication of the intended action of the New York and Brooklyn savings banks and institutions to put into practice the law entitling them to sixty days' notice from depositors of intended withdrawals of money precipitated a run Saturday. Some of the banks paid the amount In full, and thus sought to restore confidence. Others required notice, the time ranging from ten to ninety days, according to the period specified in the by-laws. The Commercial National, Ainsworth National and Portland Savings bank of Portland, Oregon, closed their doors on the 29th. The following banks also closed on that date: Citizens Savings, Akron, Ohio; First National, Kankakee, Illinois; Commercial, Eau Claire, Wisconsin; Barron Brothers, Lusk, Wyoming. The McNeal & Urban Safe and Lock Company, one of the oldest safe firms in the country, have assigned to Howard Douglass of Cincinnati. Assets, $160,000; liabilities unknown. The firm has been unfortunate in several large contracts, but it Is claimed that it is solvent. The New York clearing-house committee on the 31st authorized the Issue of $2,500,000 more in loan certificates, which brings the total issue outstanding up to $27,975,000. It may be noted that $26,565,000 was the maximum Issue of 1873, but this comparison is really less impressive than it seems, for a very considerable part of this year's New York issues has In practical effect, been provision for Chicago. No banks applied, so the dispatches stated, for loan certificates in the city. A secondary result of the local money scarcity was an absolute want of bids for sterling bills, exchange rates going on some transactions below the year's previous lowest record. The following banks suspended on the 31st: Springfield Savings, at Springfield, Misssouri; First National, Ashland, Wisconsin: First National, Dalles, Oregon: Bellingham Bay National Whatcom lequiring Notice of When drawal of deposits.

10. August 5, 1893 The Superior Times Superior, WI
Article from The Superior Times, August 5, 1893

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at Hornellsville, N.Y. have fatied. \ RECEIVER has been appointed for the Philadelphia Packing and Provision Company ATTORNEY GENERAL OLNEY was vis itor at Gray Gables, the President's summer cottage. WILLIE SHULTZ, aged 12 and Charles Bauer, aged 14. were drowned near Burlington, la. EIGHTY-THREE Maesachusetts banks decided to require the thirty day notice savings depositors. JUDGE HIGH F THOMPSON died at his home in Van Buren, Ark., from heat prostration and overwork. THE Eagle machine works at Indi anapolis passed into the hands of a receiver. The debts are $100,000. RETURN from school elections in Kan sas show an increase of nearly 100 per cent. in the vote cast by women NINE horses and a barn were de stroved by fire at LaPorte, Ind., entail loss of $40,000 to James Bunton. OFFICER JAMES A. ARVEY was shot and killed at Syracuse, N.Y by George A. Barnes, whom he was trying to an rest. DANIEL DALY was at San Francisco found guilty of manslaughter for hav ing shot and killed John J. Lawton May 7. F.A. LORING & leather dealers at Boston, have made an assignment The firm was considered strong in the trade M. J. MORIARITY, a large furniture dealer at Cleveland, O. has failed. His assets are about 850,000; liabilities not known. INFORMER FLECK, who was kidnaped in the interest of violators of the pro hibitory law regained his home at Pembina, N. D AGANG of Kuklux attempted to whip Lafavette Grimes at Dunlap, Tenn Grimes' sons fired into the crowd and three men were wounded SECRETARYCARLISLE declines to order the withholding of the demand for tax on whisky in bond. in accordance with the petition of many distillers. THE section of the Gearv law provid ing for imprisonment at hard labor has been declared unconstitutional by Federal Judge Ross, at Los Angeles For a few cents Joe Donnelly and Bill McKinney, of Thompson, Mo., beat Samuel Turner to death \ PITTSBURG bank building which was being remodeled fell at the noon hour and one workman was killed A PACIFIC EXPRESS wagon was held up the streets of Wichita, Kas. by three negroes and robbed of $7,500 COMMANDER WHITING, of the Alliance and Miss Etta Ah Fong, of Honolulu be will WHILE bathing in Rock River, near Rock Island. ill.. II Bafordand Miss Fannie Sudlow were drowned THE Chinese six companies will ask rehearing before the United States sn preme court of the Geary law case. THE courts have knocked out the No braska maximum rate law as practically confiscating all railroads in the state Suit for $1,900,000 for violation of contract has been brought by the Wiggins Ferry Company against the Alton road A.G. MORGAN Lexington, Kv., made disbursing clerk of the bureau of engraving and printing at $2,000 per year. SEXATOR HILL delivered an address on Personal Liberty' at the pienic of the Hon-Growers Association at Rome Y. FORRTEEN persons have been arrested charged with the murder of S.P. Brad shaw at Kingston, III. It was a white capontrage. The British warship Triumph sailed from Malta for Portsmouth on Saturday dis with 300 survivors of the Victoria aster on board. MATE GREENLEAF of the ship Crape murdered a sailor on the vovage from Hong Kong to Boston. He avoided the Boston officers Ixattempting to release his impound ed cows near Louisville, Edwin Graham shot Marshal A.J. Blunt and was in turn killed by the officer. MONTREAL'S mayor refuses to take part reception to officers of an Italian warship because in the government isunder the ban of the Vatican. Gov. WAITE. of Colorado, and Reporter Gaston had a hand to hand fight in Denver, the Governor attempting eject Gaston from the excentiveoffice SUIT is brought at St. Paul by the Metropolitan Trust Company mortgage of New York to foreclose $3,220,000 Pácitic on the Wisconsin, Minnesota & road. A STORY is told in connection with the failure of the Elmira National Bank. Elmira, N.Y After the failure.th 111 notes aggregating $31,000 turned among the assets They were by three bank clerks without means and are worthless Gov FISHBACK of Arkansas, is sert onsly ill THE New York mills at Saco will shut down for five weeks New ORLEANS-Chicago round trip rates have been cut to $12. FIVE persons committed suicide at New York on July 28. MINNESOTA Catholics gave a reception at St. Paul to Mgr. Satolli Den STATE TROOPS are under arms at over and sleep in the armory Bank THE Chamberlain National Chamberlain, S.P., has failed. Tue rail rate from New York $10. to cago, first class has been eut to TREMONT and Suffolk mills at time Lowe Mass., will be operated on half THE Union Bank of Portland, has suspended. It is small concern. GEN. J. 11. WALLACE, the well-known aged Union soldier, died atOttawa, III., years FOUR cases of cholera and thre deaths are reported at Naples in twenty ur hours. REPRESENTATIV Lynch is the first in Wisconsin congressman to arrive Washington. J. B. KILBRETH has been made lector and W. Y. Bunn appraiser at New York City the Catholic FIRE swept over N.J., damaging man terv at Paterson, costly monuments FULLY 200 people were made hom less by the flood at Pueble, Col. The reaches $250,000. loss Union Indurated Fiber burned ComTHE works at Lockport pany' $80,000 to $100,000. Loss. issouri authorities will

11. August 5, 1893 The Meeker Herald Meeker, CO
Article from The Meeker Herald, August 5, 1893

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THE FINANCIAL SITUATION, On the 25th the Mitchell bank at Milwaukee closed Its doors. Its deposits amount to nearly $8,000,000, assets $9,000,000. At Indianapolis the Indianapolis National bank and the Bank of Commerce closed their doors. Joint liabilities $2,500,000. Three banks at Louisville, Kentucky, also failed on the 25th. They are the Merchants' National, the Fourth National and the Louisville Deposit bank. None of the failures are considered bad ones. Depositors in the two national banks will be paid in full, and the loss to stockholders will not be more than 60 per cent. in either case. The situation on the New York stock exchange on the 26th was critical and a. panic was narrowly averted. The news that the Erie railroad had gone into the hands of & receiver was largely responsible for the break In stocks which fell from 1 to 4 points. H. I. Nicholas & Co., brokers, assigned. The First National and Montana National banks of Helena, failed to open Thursday morning. A run followed on theother banks of the city. The run was confined principally to the Merchants' National bank, which paid everybody. They are confident that they will be able to stand the run. The two closed banks have ample assets, but cannot realize on them. The Oregon National bank and the Northwest Loan and Trust company of Portland failed to open their doors on the 27th. A notice on the door says: "Owing to withdrawal of deposits and the inability to realize on securities this bank is forced to suspend." The First National of Middleboro, Kentucky, closed on the 27th. Two banks at Sparta, Wisconsin, closed, also a bank at Portage. The Ellensburg, Washington, National bank suspended payment. In consequence of A run upon It the Traders' Deposit bank of Mount Sterling, Indiana, suspended. The following banks failed on the 28th: First National at Great Falls, Montana; German National at Washington, Wisconsin Seymour's Bank at Chippewa Falls, Wisconsin; Chamberlain National at Chamberlain, South Dakota. The publication of the intended action of the New York and Brooklyn savings banks and institutions to put Into practice the law entitling them to sixty days' notice from deithdrawals of money positors of Intended precipitated a run Saturday. Some of the banks paid the amount in full, and thus sought to restore confidence. Others required notice, the time ranging from ten to ninety days, according to the period specified in the by-laws. The Commercial National, Ainsworth National and Portland Savings bank of Portland, Oregon, closed their doors on the 29th. The following banks also closed on that date: Citizens Savings, Akron, Ohio; First National. Kankakee, Illinois; Commercial, Eau Claire, Wisconsin: Barron Brothers, Lusk, Wyoming. The McNeal & Urban Safe and Lock Company, one of the oldest safe firms in the country, have assigned to Howard Douglass of Cincinnati. Assets. $160,000; liabilities unknown. The firm has been unfortunate in several large contracts, but It is claimed that It is solvent. The New York clearing-house committee on the 31st authorized the issue of $2,500,000 more In loan certificates, which brings the total issue outstanding up to $27,975,000. It may be noted that $26,565,000 was the maximum issue of 1878, but this comparison is really less impressive than It seems, for a very considerable part of this year's New York Issues has in practical effect, been provision for Chicago. No banks applied, 50 the dispatches stated, for loan certificates in the city. A secondary result of the local money scareity was an absolute want of bids for sterling bills, exchange rates going on some transactions below the year's previous lowest record. The following banks suspended on the 31st: Springfield Savings, at Springfield, Misssouri; First National, Ashland, Wisconsin: First National, Dalles, Oregon: Bellingham Bay National, Whatcom, Washington. Savings

12. August 5, 1893 The Bessemer Indicator Pueblo, Bessemer, CO
Article from The Bessemer Indicator, August 5, 1893

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THE FINANCIAL SITUATION. The First National and Montana National banks of Helena, falled to open Thursday informing. A run followed on theother banks of the city. The run was contined principally to the Merchants' National bank, which paid everybody. They are confident that they will be able to stand the run. The two closed 1 banks have ample assets, but cannot realize on them. The Oregon National bank and the Northwest Loan and Trust company of Portland failed to open their doors on the 27th. A notice on the door says: "Owing to withdrawal of deposits and the inability to realize on se curities this bank is forced to suspend." The First National of Middleboro, Kentucky, closed on the 111th Two banks at Sparta, Wisconsin, closed. also a bank at Portage. The Ellensburg, Washington, National bank suspended payment. In consequence of a run upon it the Traders' Deposit bank of Mount Sterling, Indiana, suspended. The following banks falled on the 28th: First National at Great Falls, Montana: Ger man National at Washington Wisconsin: Sermour's Bank At Chippewa Falls, Wisconsin: Chamberlain National at Chamberlain, South Dakola. The publication of the Intended action of the New York and Brooklyn savings banks and institutions to put into practice the law entitling them to sixty days notice from depositors of intended withdrawals of money precipitated a run Saturday Some of the banks paid the amount in full, and thus sought to restore confidence. Others required notice, the time ranging from ten to ninety days, according to the period specified in the by-laws. The Commercial National, Ainsworth National and Portland Savings bank of Portland, Oregon, closed their doors on the 29th. The following banks also closed on that date: Citizens Savings, Akron, Ohio: First National, Kankakee, Ultinois; Commercial, Eau Claire, Wisconsin: Barron Brothers, Lusk, Wyoming The McNeal & Urban Safe and Look Company, one of the oldest safe firms In try. have assigned to Howard Douglass of Cincinnati. Assets $109,000; liabilities unknown. The firm has been unfortunate in several large contracts, but it is claimed that it is solvent. The New York clearing-house committee on the 31st authorized the issue of $9,000,000 more in loan certificates, which brings the total issue outstanding up to $27,975,000. It may be noted that $26,565,000 was the maximum issue of 1873, but this comparison is really less impressive than It seems, for a very considerable part of this year's New York is sues has In practical effect, been provision for Chicago. No banks applied 80 the dispatches stated, for loan certificates in the city. A secondary result of the local money scarcity was an absolute want of bids for sterling bills, exchange rates going on some transactions below the year's previous lowest record. The following banks suspended on the 31st: Springfield Savings, at Springfield, Misssouri; First National Ashland. Wisconsin: First National, Dalles, Oregon: Bellingham Bay National, Whatcom, Washington Savings banks throughout the Eastern states are enforcing the rule requiring notice of with drawal of deposits. The feeling among New York bankers on Tuesday was better, as It was reported that 84,000,000 In gold had been shipped to AmerIca from London There was wild excitement on the Chicago board of trade Tuesday due to a great fall in the price of pork. It dropped from $19 to $10 in a short time Jack Cudaby and several other firms failed. In view of the low prices of bonds, New York bankers have decided to issue $3,000,000 more currency.

13. October 2, 1893 Evening Star Washington, DC
Article from Evening Star, October 2, 1893

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Bank Receiver. The controller of the currency has appointed J. Leslie Thompson receiver of the Chamberlin National Bank of Chamberlin, S. D.

14. December 14, 1893 Union County Courier Elk Point, SD
Article from Union County Courier, December 14, 1893

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The receiver of the Chamberlain National bank, J. Leslie Thompson, has notified the depositors of the defunct bank that he is prepared to pay them a dividend of 50 per cent whenever they call upon him.

15. August 16, 1894 The Dakota Chief Gann Valley, SD
Article from The Dakota Chief, August 16, 1894

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Another Payment to Depositors. Receiver Thompson of the Chamberlain National Bank, which closed its doors some months ago, is making a payment of 30 per cent. to depositors, making a total of 80 per cent. already paid.

16. August 17, 1894 Hot Springs Weekly Star Hot Springs, SD
Article from Hot Springs Weekly Star, August 17, 1894

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Another Payment to Depositors. Receiver Thompson of the Chamberlain National Bank, which closed its doors some months ago, is making a payment of 30 per cent. to depositors, making a total of 80 per cent. already paid.