18100. American National Bank (Nashville, TN)

Bank Information

Episode Type
Run โ†’ Suspension โ†’ Reopening
Bank Type
national
Bank ID
3032
Charter Number
3032
Start Date
August 10, 1893
Location
Nashville, Tennessee (36.166, -86.784)

Metadata

Model
gpt-5-mini
Short Digest
ad96e2a0da9e7b16

Response Measures

Accommodated withdrawals, Public signal of financial health, Full suspension, Books examined

Description

Multiple contemporary newspapers report a depositor run on the American National Bank when it opened on Aug. 10, 1893; the board announced suspension of payments the same morning. Comptroller authorization and press reports show the bank was permitted to reopen on Sept. 1, 1893. The run was triggered by the failure/suspension of the First National Bank and broader local panic.

Events (4)

1. August 16, 1883 Chartered
Source
historical_nic
2. August 10, 1893 Run
Cause
Local Banks
Cause Details
Run was prompted by the failure/suspension of the First National Bank in Nashville, which caused depositor panic and raids on other banks including the American National.
Measures
Paid depositors quickly on opening (large checks paid) but board announced suspension of payment to stop run; directors pledged personal estates and posted suspension notice.
Newspaper Excerpt
In three-quarters of an hour large checks amounting to $95,000 had been presented and paid; ... it was evident a run had begun.
Source
newspapers
3. August 10, 1893 Suspension
Cause
Local Banks
Cause Details
Directors suspended payment in response to heavy withdrawals and the panic following the First National's failure; suspension presented as measure to avoid sacrifice of assets.
Newspaper Excerpt
The run on the American National bank was stopped at 9:30 o'clock by the announcement of the board that they had decided to suspend payment.
Source
newspapers
4. September 1, 1893 Reopening
Newspaper Excerpt
The following national banks ... have today been permitted to reopen their doors for business: American National bank of Nashville, Tenn.; ... (Sept. 1, 1893).
Source
newspapers

Newspaper Articles (23)

Article from Connecticut Western News, March 30, 1893

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NASHVILLE'S PANIC. Thousands of Excited Citizens Almost Mob the Bank. NASHVILLE, March 28.-The streets in the vicinity of the banking houses of this city echoed all day the vociferations of a panic stricken throng. Never before were such scenes witnessed here. The failure of the Commercial National bank on Saturday afternoon did not become generally known until after dusk. Nothing else was talked about, and it was known to half the town that a raid would be made on the money piles of the various institutions that would make some of them tremble if not topple over into financial ruin. The First, Fourth, American National, Merchants, Mechanics Savings Bank and Trust company and the Union Bank and Trust company, all of College City. and the City Savings bank, the Capital City bank and the Nashville Safe Deposit Trust and Banking company, just around the corner of Cherry, on Union street, opened up their doors. It was rumored later that the Mechanic's had been caught in the commercial collapse. The officers soon saw that a run which they could not stand was imminent. The directors resolved to take advantage of the state banking law, which gives banks organized under it the privilege to demand a 60-day notice from itors before they can withdraw their deposits.


Article from Freeland Tribune, March 30, 1893

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NASHVILLE'S PANIC. Thousands of Excited Citizens Almost Mob the Bank. NASHVILLE, March 28.-The streets in the vicinity of the banking houses of this city echoed all day the vociferations of a panic stricken throng. Never before were such scenes witnessed here. The failure of the Commercial National bank on Saturday afternoon did not become generally known until after dusk. Nothing else was talked about, and it was known to half the town that a raid would be made on the money piles of the various institutions that would make some of them tremble if not topple over into financial ruin. The First, Fourth, American National, Merchants, Mechanics 'Savings Bank and Trust company and the Union Bank and Trust company, all of College City. and the City Savings bank, the Capital City bank and the Nashville Safe Deposit Trust and Banking company, just around the corner of Cherry, on Union street, opened up their doors. It was rumored later that the Mechanic's had been caught in the commercial collapse. The officers soon saw that a run which they could not stand was imminent. The directors resolved to take advantage of the state banking law, which gives banks organized under it the privilege to demand a 60-day notice from depositors before they can withdraw their dc. posits.


Article from The Indianapolis Journal, August 11, 1893

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PANIC AT NASHVILLE. The American National and Two State Banks Temporarily Close Their Doors. NASHVILLE, Tenn., Aug. 10.-Yesterday at the close of banking hours there were six banks doing business in this city. Last night the City Savings Bank directors decided not to open this morning. having fol. lowed the suspension during the afternoon of the First National by this resolve. This morning at 7:30 the directors of the Safe Deposit Trust and Banking Company held a meeting and, being a State institution, decided to take advantage of the sixtydays' clause and posted a notice to that effect and temporarily suspended. No state. ment is ready for publication. but the secretary. W. H. Mitchell, says they hope to resume in a short time and have only suspended to prevent a sacrifice of the assets. This is essentially d trust concern. but also does a banking business. At 9 o'clook the American National Bank, one of the oldest and soundest banking institutions in the city, opened its doors in the presence of a large and expectant crowd. The room was soon filled and it was evident a run had begun. In threequarters of an hour large checks amounting to 895,000 had been presented and paid,


Article from The Morning News, August 11, 1893

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RUN TO A CLOSE. Two Nashville Banks Succumb to the Pressure. Nashville, Tenn., Aug 0.-The suspension of the First National Bank last evening was followed to-day by the suspension of payment by the American National Bank, one of the largest and strong est in the city. The bank has a capital stock of $1.000,000 and a surplus of $1e6,000. When the bank opened for business at the usual hour there were MANY DEPOSITORS ABOUT ITS DOORS, and soon a run was made. The crowd was very orderly and were paid as rapidly as possible. Meanwhile a run began on the Fourth National Bank, which has a capital stock of $2,000,000, and a surplus fund of $200,000, and is regarded by business men as perfectly solvent. BOTH BANKS SOLVENT. The directors of both the American and Fourth National banks published cards this morning to the effect that their banks were perfectly solvent, and also pledging their personal estates to the payment of depositors. The run on the American National bank was stopped at 9:30 o'clock by the announcement of the board that they had decided to suspend payment. The Fourth National continued to pay depositors as fast as checks were presented, and at this hour (10 o'clock) is still doing so. Directors of the Safe Deposit, Trust and Banking Company met at an early hour and decided in view of the-excitement prevailing to TAKE ADVANTAGE OF THE CLAUSE. of their charter requiring depositors to give sixty day's notice of withdrawal of deposits. The board posted a notice stating that the depositors are absolutely safe for every dol'ar they have in the bank. There was no run on this bank, and but few depositors presented checks for payment.


Article from Rock Island Daily Argus, August 11, 1893

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NASHVILLE'S TURN For One of the Current Financial Stampedes. TWO BANKS CLOSED BY PRESSURE And One Fighting for Its Life-All Own Abundant Collateral, But Depositors Will Not Be Assured-Grand Rapids Furniture Factories Begin a Policy of Retrenchment - Currency Famine at Gotham Abating. NASHVILLE, Aug. 11.-The suspension of the First National bank, simply because with a safe full of gilt-edged collaterals it could not get any money, caused intense uneasiness in financial circles and the directors of the other national banks, the Fourth and the American; went into very errnest conference. They both decided to open their doors as usual and try to stand the run that was sure to come, and as expected the streets on which these banks are situated were crowded with people long before the time for opening arrived. The doors were hardly opened before the rush commenced and increased every minute. In twenty-five minutes from the opening, the American National had paid out $75,000 and decided to close, finding the run much greater than they expected. The bank has $1,000,000 capital and about $1,000,000 deposits, and was immediately put in the hands of Bank Examiner Plumlee, who came here to take charge of the First National. The American National bank officials state that the bank is perfectly solvent, and that it will resume business as soon as the comptroller of the treasury will permit. At the time of the closing the house was crowded with anxious depositors, who accepted the announcement quietly and went out in an orderly manner. The line in front of the teller's desk at the Fourth increased every moment and extended far Into the street, but all were paid ard the bank officials said they would weather the storm. Many prominent local financiers, however, thought it a matter of a short time only when the bank would be forced to close. This bank has $1,000,000 capital and considerably over $1,000,000 deposits, and is looked upon as one of the strongest banks in the south. The Safe Deposit Trust and Banking company, with a capital stock of $100,000, did not open. and posted a notice on its doors that because of inability to realize on collateral it had availed itself of the privilege of sixty days' notice of intention to withdraw deposits. The crowds about the banks was increasing but very orderly and seemed inclined to take things philosophically.


Article from The Seattle Post-Intelligencer, August 11, 1893

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CONDENSED DISPATCHES. Lathrop's bank, at LeRoy, N. Y., has suspended. Mrs. Langtry has again cancelled her engagement in this country. Hon. Patrick Egan, ex-minister to Chile, arrived in New York yesterday. The O'Brien Wagom Works, of Lafayette, Ind., have failed. Liabilities, $100,000. Gen. Miles has received orders to clear and keep clear the Cherokee strip of squatters. President Cleveland was hung in effigy at Golden, Cola, Wednesday night, by silver onthusinets. The Caldwell county of bank, of Kingston, Mo., has suspended. The assets are.in excess of the liabilities. The water in the Arkensas river rose eight feet in an hour at Pueblo, Col., Tuesday night. A great deal of damage was done to bridges and railroads. Johnston, Buck & Co., of Ellensburg, Pa. with banksat Ellensburg, Carroliton and Hastings, have suspended. The assets are in excess of liabilities. The American National Bank of Nashville has failed. The Safe Deposit Trust and Banking Company has taken advantage of the sixtydays' notice clause. Tommy Hill, Henry Smalley and Gus Sanders were killed, and Joe Bright and Joe Wallman badly scalded by a boiler explosion at Marshall, Tex., on Wednesday. The Terre Haute car works at Terre Haute, Ind., covering several acres, were burned Thursday night. A statement of loss is not obtainable; insurance, $150,000. A crowd of 200 men at St. Joseph, Mo., are scouring the country looking for a tramp who attempted to outrage a Mrs. Mann and, failing in his attempt, brutally beat her. The Clingman injunction suit was before Judge Coggin, of Chicago, yesterday on a motion to dissolve made by the World's fair managers. The hearing is set for Friday. Miss Mary A. Black, while temporarily insane in Chicago, shot herself through the heart Monday night. She was visiting the fair with her brother-in-law, Capt. Black, of the United States army. Gov. Osborn. of Wyoming, has decided not to appoint at present anyone to succeed Senator Beckwith, resigned. He will wait and see if the senate will seat appointees; If it won't he will call a special meeting of the legislature. Fire on Thursday destroyed the large salt warehouse of L J. Pettit in the Menominee valley, near Milwaukee, also the works of the Northwestern Sleigh Company and the lumber yards and mill of H. J. Hilty, of Milwaukee; loss, $100,000. The stockholders of the wrecked Paci fie bank, San Francisco, have removed R. H. McDonald, jr., from his position as vice president. During the absence of his father, Dr. McDonald, the management of the bank was in charge of the vice president. Mrs. Edward Gorman, of New York, was burned to death Wednesday night. she was leaning over a folding bed and had a lamp in her hand when the bed closed up, making her a prisoner. The lamp set fire to the bedding. She left a husband and five children. After waiting five years for the repeal of the English law prohibiting marriage with a deceased wife's sister, Commander Gibbons, of the Royal Navai artillery and stationed at Kingston, Ontario, crossed to the United States and was married to his sister-in-law, Miss Helen M. Wharding, yesterday. Secretary Gresham needs $100,000 to pay the expenses of his office. A good part of this deficit is due to the expense incurred in the entertainment of foreign visitors, notably the Duke of Veragua. While the duke was in Chicago and being Inxuriently provided for, he wrote to the president expressing his regret that he would be delayed in reaching Washington City to pay respects to the chief executive. In reply he was informed that the president would release him from any obligation he might feel in that direction. He was further advised that asrangements had been made for his return to Spain. He finally took the hint. and the state department felt great relief when he was gone. He cost the state department $40,000, and private persons as much more.


Article from The Waco Evening News, August 12, 1893

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Due to Other Suspensions. By Associated Press to The News. NASHVILLE, Aug. 12.-The People's Bank at Lewisburg failed to open its doors this morning. The suspension is due to the suspension of the First National and American National Banks of Nashville; the constant drain by depositors and the failure to collect money. The president and cashier state that the bank is in first class condition, and they are confident that it will be able to resume in a few days, or as soon as a meeting of the stockhold. ers and depositors can be held. There is no excitement at Lewisburg on account of the suspension.


Article from The Times, August 13, 1893

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Concerted Action by Numerous Banking Institutions. NASHVILLE, TENN., August 12.-The People's Bank, at Lewisburg, failed to open its doors this morning. The suspension is due to the suspension of the First National and American National Banks, of Nashville, a constant drain by depositors and the failure to collect The president and cashier state bank is in are confident It will be to money. and that they the first-class condition, able a resume in a few days, or as soon as meeting of the stockholders and depositors can be held. There is no excite+ ment at Lewisburg on account of the suspension. BROOKLYN, N. Y., August 12.--The Commercial Bank, of Brooklyn, a State institution, failed to open its doors this morning. The following notice was posted on the door: This bank is compelled to close temporarily. (Signed) J.J. Vall, cashier. GADSDEN, ALA. August 12.-The First National Bank suspended payment this morning with a capital stock di- of $50,000 and deposits of $80,000. The rectors assure the depositors that they will be paid in full. LANCASTER, Pa., August 12.-The following notice was posted on the doors of the bank of E. K. Smith, at Columbia, this morning: "Closed for the present to liquidate." The bank is a small one. NASHVILLE, TENN., August 2.-The Fourth National Bank was rewhen that its doors, but by noon sumed opened run on this the morning, institution it than was practically over, as there were less dozen men standing at paying teller's desk. a The deposits by substantial busimen were quite as large as the ness amount drawn out by others. There is uneasiness now, and the crisis is evino dently over. The People's Bank and the Bank of Lebanon, two State institutions Lebanon, have adopted a rule to pay at only 5 per cent. of deposits, and give certitled checks for balances. NEW YORK, August 12.-The weekly statement of the associated banke shows the following changes: $2,327,575 Reserve, decrease 3,017,200 Loans, increase 2,306,000 Specie, decrease 408,000 Legal tenders, decrease 741,700 Deposits, decrease 733,100 Circulation, The banks increase. are now $16,545,375 below the requirements of the 25 per cent. rule. STAUNTON, VA., August -Special The following resolutions were adopted by the National Valley Bank to-day and the concurred in by the other banks of city, and is fully indorsed by our entire community: Whereas the banks of the principal of the country and this State, de- in cities order to protect themselves against a pletion of currency, have declined to furnish currency against balances due by them: and Whereas it is deemed advisable for the of this city, in their endeavor to not only their own of their depositors and the banks protect those adopt interests, similar whole but community, to of and thus to be of service to their to business banks means precaution, enable customers action the the public, being similar and and taken by the banks of this city State that in 1873, by which no depositor was inconvenienced; therefore, be it Resolved, That during the present checks mondepression this bank pay to etary against existing balances drawn amount not exceeding fifty ($50) of an dollars in currency, in the discretion the bank. but that ON good, of checks we certify the same as payable through the daily exchange and made be between the banks of this city, it further Resolved, That checks against deposits be by currency after this date of this made in currency at the counter between bank, paid or through the exchange banks at the option of the depositor. resolution will take effect from This this date. Our banks are solvent and and on conservative, and the action taken is to protect our community and business cities. on the same lines as in other There will be no trouble here. GREENVILLE, MISS., August 12. to-day The banks here at 10 A. M. three notices on their doors that checks no posted would be paid out on issued money that certified checks would be at instead. but At a meeting of cilzens held the Cotton Exchange this afternoon reso- aclutions were adopted approving the tion of the banks. MONTGOMERY, ALA., August 12.Josiah Morris & Co., the leading private an banking house of the State, made is due assignment late this evening. It continued withdrawal of deposits to during the the last sixty days and large drafts being made to-day. This act has ofcaused a meeting of the other bank to-night, and they resolved, clear- commencing ficers Monday morning, upon the not yet ing house system. what percentage They have they will announced This will be made known Monday pay. In their card in the Adverthe bankers of Morris & Co. tiser morning. assets to-morrow will state liabilities. easily that the largely more than the who This realize is the general belief of those are acquainted with the situation.


Article from The Indianapolis Journal, August 13, 1893

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Tennessee Bank Troubles. NASHVILLE, Aug. 12-The run on the Fourth National Bank was resumed this morning when that institution opened its doors, but by noon it was practically over, as there were less than a dozen men standing at the paying teller's desk. The deposits by substantial business men were quite as large as the amount drawn out by others. The People's Bank at Lewisburg failed to open its doors this morning. The suspension is due to the suspension of the First National and American National banks of Nashville.


Article from The Atlanta Constitution, August 15, 1893

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Another One Closes. Nashville, Tenn., August 10.-The suspension of the First National bank last evening was followed today by the suspension of payment by the American National bank, one of the largest and strongest in the city. The bank has a capital stock of $1,000,000 and a surplus of $116,000. The run on the American National bank was stopped at 9:30 o'clock by the announcement of the board that they had decided to suspend payment. The Fourth National bank continued to pay depositors as fast as checks were presented and at this hour, 10 o'clock, is still doing 60. The directors of the Safe Deposit, Trust and Banking Company met at an early hour and decided in view of the excitement prevailing to take advantage of the clause in their charter requiring depositors to give sixty days' notice of withdrawal of deposits. The board posted a notice stating that the depositors are absolutely safe for every dollar they have in the bank. There was no run on this bank and but few depositors presented checks for payment.


Article from The Star, August 16, 1893

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Financial and Commercial. The Bank of Wellsburg at Wellsburg, W. Va, closed its doors. The assets are $300, 000, with liabilities said to be not over hal that amount. The First national bank of Nashville, Tenn., suspended. It claims assets 0 $3,047,983. The City savings bank also suspended. The Bank of Colfax, at Colfax, Wash., suspended. The Commercial Bank of Minneapolis, Minn., suspended. New Orleans savings banks will require from depositors 60 days' notice of intended withdrawals. There was a run on the Germania savings bank on Tuesday. The Caldwell County bank of Kingston, Mo., and the Exchange bank of Polo, Mo., have closed their doors. The First Na ional Bank of Fort Scott, Kansas, the oldest bank in Kansas, which suspended recently has resumed. The American National Bank, Nashville, Tenn., has suspended payment. The Safe Deposit Trust and Banking Company has suspended temporarily. The Hamilton county state bank, Web ster City, la., one of the oldest and best banks in Iowa closed its doors on account o: inability to realize on assets.


Article from The Austin Weekly Statesman, August 17, 1893

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NASHVILLE BANKS. Directors of the American Close Before the Bank is Crippled. NASHVILLE, Aug. 10.-The suspension of the First National bank last evening was followed today by the suspension of the American National bank, one of the largest and strongest in the city, with a capital of $1,000,000, and a surplus of $100,000. When the bank opened a run was made. Another began on the Fourth National, capital stock of $1,000,000, and surplus of $200,000. The run on the American was stopped by the announcement of the board that they had decided to suspend payment. The Fourth National continued to pay depositors as fast as checks were presented. The directors of the Safe Deposit, Trust and Banking company met early and decided in view of the excitement to take advantage of the clause in its


Article from Perrysburg Journal, August 19, 1893

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DOMESTIC. THE business portion of South Wayne, Wis., was destroyed by fire. THE sealing schooner Helen Blum, of San Francisco, was reported lost with her crew of twenty-five men. THE August report of the statistician of the department of agriculture at Washington shows that crops throughout the country have suffered severely from the drought. LEE BUTLER, cashier of C. M. Wright & Co.'s bank vat Altamont, Ill., absconded with $41,000, the entire assets of the bank. DAN LEWIS, Jim Taylor and Jack Chambers, all colored, charged with an assault on Mrs. George Warren at Hoboken, Ga., last spring, were caught and lynched within 3 miles of Way Cross. Ga. TROUBLE at Coal Creek, Tenn., has broken out afresh. A soldier named William Laugherty was murdered by miners and his death was avenged by lynching Dick Drummond. AT Chester, Pa., the largest steamboat in the world was launched. She will ply in the Fall River line. FIRE among warehouses and factories in Milwaukee caused a loss of $150,000. THE Broadmoore Land & Investment company of Colorado Springs, Col., went into the hands of a receiver with liabilities of $260,000. PRESIDENT CLEVELAND was hanged in effigy at Golden, Col., by free silver enthusiasts. CHARLES J. EDDY, aged 53, one of the oldest railroad men in the west and until six months ago second vice president of the Reading system, committed suicide in Washington park, Chicago, by shooting himself. No cause was known. DURING the first seven months of the present fiscal year the losses by fire in the United States reached $98,101,300, against $76,967,250 in 1892 and $79,247,370 in 1891. VINCENZO CAGLIOSTRO. aged 23 years, died at Swinburne Island hospital in New York of Asiatic cholera. THE fo llowing bank failures were re ported: The American national at Nashville, Tenn., the Hamilton county state bank at Webster City, Ia., the Caldwell county exchange bank at Kingston, Mo., the Exchange bank at Polo, Mo., and Johnston, Buck & Co. of Ebensburg, Pa., conducting banks at Ebensburg, Carrolltown and Hastings. THE New York. Lake Erie & Western Railroad company suspended its unmarried employes on the Honeydale (Pa.) division. ToM RICKETTS and Robert Miller, residents of Parnell, Mo., were run over and killed by a Chicago & Great Western train. ARRIVING from England in search of her husband, Mrs. Edward Douglass found him a convict at the Joliet (111.) prison. WONG DEP KEN is the first Chinaman to be deported under the Geary law. He was shipped from San Francisco. AT the leading clearing houses in the United States the exchanges during the week ended on the 11th aggregated $799,905,224. against $978,880,758 the previous week. The decrease as compared with the corresponding week of 1892 was 20.2. HAIL ruined the tobacco crop in five counties in Kentucky. THERE were 394 business failures re. ported in the United States during the seven days ended on the 11th. In the week preceding there were 436, and during the corresponding time in 1892 the number was 160. THE National bank at Waxahachie, Tex., and Beatty's bank at Mansfield, Ill., closed their doors. FOREWARNED of a visit marshals laid in wait at Lehigh, I. T., for Jim Percy and Clem Jones, bandits, and killed them. IT was discovered that Henry Brown (colored), who was hanged for the mur der of a peddler in East St. Louis, Ill. in December, 1880, while an accessory was not the principal, the murderer being J. C. Jackson, another negro, who was acquitted of the charge. THIRTEEN of the Meachim gang were killed in a battle with citizens of Clark county, Ala. The affair is the outgrowth of a feud of some years' standing. BOSTON assessors estimate the population of the "Hub" at 580,000. The last census shows a population of 446,570. UNITED STATES MARSHAL WHITEMASTER was murdered in the Cherokee strip by Laura Maundas, a female horse thief. WILL MCCARTY dead and Bob Sparks and John Ritter mortally wounded is the result of a drunken row at Shelbyville, Ky. SEVEN cases of cholera have developed among the passengers on the Karamemania, recently arrived at New York


Article from Baxter Springs News, August 19, 1893

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THE SOUTH. IT is understood that the two companies of the United States troops at Fort Barancas, near Pensacola, Fla., will be removed to some other post on account of the yellow fever in that vicinity. The government is taking active measures to prevent the spread of the disease. THE widow of Senator Kenna, of West Virginia, who died a poor man, has been appointed postmistress at Charleston, W. Va., and her son, Arthur, has been made a page in the senate. REVENUE officers seized an extensive illicit whisky still in Rockcastle county, Ky., and destroyed the apparatus and a considerable quantity of moonshine whisky. ON the Lockhart branch of the Missouri, Kansas & Texas road, near Smithville, Tex., ambushed assassins fired upon a section gang, dangerously wounding Robert Hamilton and three others. Hamilton will die. THE Missouri, Kansas & Texas refused to comply with the Texas scalper law and a passenger rate war is expected. Six young men of Shelbyville, Ala., became involved in a drunken fight and three of them were fatally wounded. E. J. FULLER shot and killed B. C. Parker, a clothing merchant at Fayettesville, N. C. Fuller claims to have shot in self defense. THE yellow fever scare at Pensacola, Fla., seems to have been unfounded. An investigation made it probable that the supposed cases were not yellow fever. THE trouble at Meachambeat, Ala., was reported about over. Three of the gang were killed, but several of the leaders made their escape. FRANK CARR shot and killed James Taylor, near the Four Seasons hotel, at Middleborough, Ky. Carr escaped to the mountains. THE secretary of the Commercial club of Nashwille, Tenn., after an investigation into the bank situation, has issued a statement to the effect that the First and American national and the state banks which suspended payment would, in the near future, reopen and that they are entirely solvent. AT a meeting of the associated banks of Little Rock, Ark., it was decided to place certified checks in circulation and limit the amount which any depositor can withdraw in one day to $20. KENTUCKY distillers have appealed to the courts for relief in the matter of forced payment of taxes on whisky soon to be taken out of bond. THE roads out of Memphis have begun rate cutting to the world's fair.


Article from Grant County Herald, August 24, 1893

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OUT OF CASH. Many Banks in Various Localities Forced to Close Their Doors. WASHINGTON, Aug. 11.-The following bank failures were reported yesterday: The American national at Nashville, Tenn., the Hamilton county state bank at Webster City, la., the Caldwell county exchange bank at Kingston, Mo., the Exchange bank at Polo, Mo., and Johnston, Buck & Co., of Ebensburg, Pa., conducting banks at Ebensburg, Carrollton and Hastings. WASHINGTON, Aug. 12.-Only two banks suspended yesterday, viz.: The National bank at Waxahachie, Tex., and Beatty's bank at Mansfield, III. WASHINGTON, Aug. 13.-The bank failures reported yesterday were: The Prairie City bank at Terre Haute, Ind., and Josiah Morris & Co., the leading private banking. house in Alabama, at Montgomery with liabilities of $1,100,000 and assets of $2.000,000, the People's at Lewisburg, Tenn., the Bank of Plaquemine, La., and the Firstnational at Gadsden, Ala. WASHINGTON, Aug. 15.-The comptroller received notice yesterday of the following failures: Citizens' national at Attica, Ind., Bank of Springfield at Springfield, Mo., and the People's, Citizens' and Commercial banks at Pulaski, Tenn.


Article from Fisherman & Farmer, August 25, 1893

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South and West. THE resignation of Theodore Thomas as musical director of the World's Fair, which was tendered the Board of Directors a few days ago, has been accepted. THE American National Bank of Nashville, Tenn., suspended payment. LAWRENCE T. NEAL was nominated for Governor by the Democrats of Ohio. SOLDIERS at Coal Creek, Tenn., lynched two men suspected of murdering one of their comrades. FOUR passenger coaches, nearly filled with refugees from the yellow fever scare at Pensacola, Fla., passed through Cullman, Ala., bound north. Cullman's rigid quarantine prevented any stop there. A TORNADO near Larned, Kan,, destroyed many farm buildings. SETH HASKINS and Harry Creaston, while cleaning out an old well five miles south of Chillicothe, Mo., were overcome by poisonous gas, resulting from exploding dynamite in the well, and died before assistance could be rendered them. THE World's Fair Jury of Sculpture has completed its work and has announced its selections for prizes. THE loss by the Minneapolis fire, according to later details, will reach $1,086,500. THE great disparity between the number of men out of employment and the amount of work to be had was strikingly illustrated at Denver, Col., when 2000 unemployed men gathered at the place where work on the new sewers was to begin. There was work for only forty men. FIRE caused a loss of more than $200,000 in Steubenville, Ohio. A block and a half in the business part of the city was destroyed. THE Peace Congress opened its session at the World's Fair. Josiah Quincy made an address.


Article from The Abbeville Press and Banner, August 30, 1893

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South and West. THE resignation of Theodore Thomas as musical director of the World's Fair, which was tendered the Board of Directors a few days ago, has been accepted. THE American National Bank of Nashville, Tenn., suspended payment. LAWRENCE T. NEAL was nominated for Governor by the Democrats of Ohio. SOLDIERS at Coal Creek, Tenn., lynched two men suspected of murdering one of their comrades. FOUR passenger coaches, nearly filled with refugees from the yellow fever scare at Pensacola, Fla., passed through Cullman, Ala., bound north. Cullman's rigid quarantine prevented any stop there. A TORNADO near Larned, Kan,, destroyed many farm buildings. SETH HASKINS and Harry Creaston, while cleaning out an old well five miles south of Chillicothe, Mo., were overcome by poisonous gas, resulting from exploding dynamite in the well, and died before assistance could be rendered them. THE World's Fair Jury of Sculpture has completed its work and has announced its selections for prizes. THE loss by the Minneapolis fire, according to later details, will reach $1,086,500. THE great disparity between the number of men out of employment and the amount of work to be had was strikingly illustrated at Denver, Col., when 2000 unemployed men gathered at the place where work on the new sewers was to begin. There was work for only forty men. FIRE caused a loss of more than $200,000 in Steubenville, Ohio. A block and a half in the business part of the city was destroyed. THE Peace Congress opened its session at the World's Fair. Josiah Quincy made an address.


Article from St. Paul Daily Globe, August 31, 1893

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BANKS OPENING. Comptroller Eckels Unlocks the Cash Boxes. WASHINGTON, Aug. 30.-Comptroller Eckels is informed that the court has sustained him in the position he took in the case of the Washington National Bank of Tacoma, Wash. The decision is regarded as important, sustaining the right ot the comptroller of the currency to the sole control under the law of the national banks of the country. The following national banks which recently suspended have been today permitted to open their doors to business: The First National Bank of Dubuque, 10. the First National Bank of Grand Junction, Col. The comptroller of the currency has authorized the following national banks to reopen on Sept. 1: The American National Bauk of Omaha, Neb.; the American National Bank of Nashville. The following national banks in Minnesota have been authorized to reopen for business on Sept. 7: The First National Bank of Mankato, the National Citizens' Bank of Mankato, the Mankato National bank. Comptroller Eckles left this evening for bis home at Ottawa, III., to spend a two weeks' vacation.


Article from Asheville Daily Citizen, September 1, 1893

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RESUMPTIONS, National Banks Now Ready for Business Again. WASHINGTON, Sept. 1.-Comptroller Eckels says that 145 national banks have suspended since January 1. Of these one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners, with excellent prospects of early resumption, and 34 have already resumed business. The following national banks, which recently suspended payment, have today been permitted to reopen their doors for business: American National bank of Nashville, Tenn.; First National bank of Grundy Center, Iowa, and First National bank of Harrisonville, Mo.


Article from The Sun, September 2, 1893

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Banks Resuming Business. WASHINGTON, Sept. 1.-The following national banks. which recently suspended payment. have to-day been permitted to reopen their doors for business: The American National Bank of Nashville. Tenn.: the First National Bank of Grundy Centre, Iowa, and the First National Bank of Harrisonville. Mo.


Article from The State Republican, September 7, 1893

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THE following executions took place. George S. Turner (a wealthy man) at Spartenburg, S. C., for killing Ed Finger; Wade Cannon and George Bowers (colored) at Laurens, 8. c. for arson and John Ferguson for wife murder; Oscar Johnson and Henry Ewing at Berkely, S. C., for thurdering Henry Weltman; and Ah Lo Doon, a China man. at San Rafael, Cal., for the murder of William Shentor. RECEIVERS were named for the Equit able Mortgage company of Missouri, with hendquarters in New York, the liabilities being $19,000,000. THE American national bank of Nash ville, Tenn., and the American national bank of Omaha, Neb., have reopened their doors AT the annual meeting in Milwaukee Judge Thomas Cooley of Michigan, was elected president of the American Bar association. THE Denver savings bank failed with liabilities of 8679,000. Depositors would paid in full. AN assignment was Made of Lee H. Durstine, manager at Des Moines of the lowa business of the Equitable Life Insurance company. with liabilities of $100,000. IN his cell in Denver Dr. T. Thatcher Graves, awaiting trial for poisoning Mrs. Josephine Barnaby, of Providence, I., in 1891, committed suicide by taking poison. IN an electric car accident at Cincinnati two persons were killed. six fatally hurt and nearly forty injured. Tun corn crop in Kansas in estimated at 200,000,000 busheis, worth $80,000,000. This is the greatest since 1889. THE vault in the subtreasury in San Francisco is drained of currency for the first time in its history. A MOB hanged William Arkison (colored), aged 20, who assaulted a little girl at South Fork, Ky. Br a Burlington train falling through a trestle at Streator, III, two men were killed and a dozen hurt. ON President's island near Memphis, Tenn., six human skeletons were found imbedded in the sand: HENRY A. BELL arrived in San Francisco en route to England after an absence of twenty years of self-enforced exile in Albert island. BANDITS robbed the passengers on a 'Frisco train at Mound Valley, Kan., and killed Express Messenger Chapman. AT the age of 101 years Felix Sheridan died at Quincy, Ill. He was a veteran and pensioner of the war of 1812.


Article from The Middleburgh Post, September 7, 1893

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FINANCIAL AND COMMERCIAL. The following national banks, which recently suspended payment, have been permitted to resume business: American of Nashville; First, of Grundy Center, Ia ; and the First, of Harrisonville, Mo.


Article from The Weekly Union Times, September 8, 1893

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Banks Resuming Business. W ASHINGTON, D. C.-The following national binks which recently suspended payment have been permi ted to open their doors for business: The American National Bank, of Nashville, Tenn., the First National Bank, of Grundy Centre, Iowa, and the First National Bank, of Harrisonville, Missouri. DENVER, COL -The State National Bank, the last but one of the city's six national banks to suspend, opened its doors Thursday. The Commercial National will resume in a few days. Of the scores of national banks in Colorado which were compelled to close their doors a few weeks ago all have resumed save three, and it is said that they will again be doing business before the middle of the mouth. ECKELS IS HOPEFUL. CHICAGO, ILL.-James H. Eckels, Comptroller of the Currency, passed through Chicago on his way to Ottawa, III, where he will enjoy a two week's rest at his home. Mr. Eckels spoke very hopefully. He would not predict how long it would be before matters had resumed their normal condition, but the bottom had been reached, so far as the banks were concerned, and financial af fair were on the up grade. They are proposing to pension teachers in England.