18573. First National Bank (Provo, UT)

View Charter #2641 on SPMC

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
2641
Charter Number
2641
Start Date
July 1, 1893
Location
Provo, Utah (40.234, -111.659)

Metadata

Model
gpt-5-mini
Short Digest
e323b617a3bbc119

Response Measures

Accommodated withdrawals, Partial suspension, Full suspension, Books examined

Description

Contemporary reports (July 1, 1893) state the First National Bank of Provo 'closed its doors' / 'suspended' because of inability to make collections and heavy withdrawals amid a money-stringency. Comptroller/examiners took charge; the bank later was permitted to reopen in mid-September 1893 after meeting conditions. Depositors agreed to installment withdrawals to allow resumption.

Events (5)
1. March 2, 1882 Chartered
Source
historical_nic
2. July 1, 1893 Run
Cause
Macro News
Cause Details
Stringency in the money market and inability to make collections/rediscounts led to sudden heavy withdrawals (run) and closure.
Measures
Depositors later signed agreements to withdraw only in installments (20% at a time) to permit resumption; bank examiners took charge and conditions were imposed for reopening.
Newspaper Excerpt
The First National Bank of Provo closed its doors yesterday. ... Inability to make collections is the cause of the failure.
Source
newspapers
3. July 1, 1893 Suspension
Cause
Macro News
Cause Details
Suspension followed the run and inability to make collections/rediscounts amid the wider money stringency; bank placed in charge of examiner/receiver functions by the comptroller.
Newspaper Excerpt
Comptroller Eckels ... directed Bank Examiner Swan to take charge of the failed First National Bank of Provo, Utah.
Source
newspapers
4. September 11, 1893 Reopening
Newspaper Excerpt
The First National Bank of Provo, Utah. ... permitted to reopen their doors for business; The First National Bank of Provo, Utah; ... reopened today as follows: The First National Bank of Provo, Utah; ... On resumption of business ... doors were opened at noon with 41 percent of the entire deposits ... an excess of deposits over withdrawals of $4,724.
Source
newspapers
5. June 30, 1900 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (21)
1. July 1, 1893 Asheville Daily Citizen Asheville, NC
Article from Asheville Daily Citizen, July 1, 1893

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BANK TROUBLES. Some Have Assets Enough, But Cau'l Realize GEORGETOWN, Colo., July 1.-The bank of Clear Creek County made an assignment vesterday. Assets, $397 000; liabilities, $223,000. SALT LAKE CITY, Utah, July 1.-The First National bank of Prona closed its doors yesterday. Assets $115,000; lia bilities same. FORT WORTH, Texas, July 1.-The Exchange bank at Iowa Park closed its doors yesterday. Liabilities and assets unknown. but it is believed the depositors will be paid in full. A sudden with. drawal of depositscaused the suspension.

2. July 1, 1893 Evening Star Washington, DC
Article from Evening Star, July 1, 1893

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Action in Western Bank Failures. Controller Eckels today appointed J. H. Adams receiver of the failed Citizens' National Bank of Spokane, Wash. He also directed Bank Examiner Swan to take charge of the failed First National Bank of Provo, Utah. and Bank Examiner Latimer to take charge of the failed Nebraska National Bank of Beatrice. The First National Bank of Rico, Colo., which has also failed, will be placed in the hands of a bank examiner during the day. All the banks are small institutions.

3. July 1, 1893 The Sun New York, NY
Article from The Sun, July 1, 1893

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Denver Banks Can't Stand the Run by Ex. cited Miners. DENVER, June 30.-The First National Bank at Rico closed its doors to-day because of a run. Matters are decidedly critical. for the miners are excited and talk wildly of bloodshed. Those dismissed from work were paid with checks on the bank and they are clamoring for coin. All business firms have shut down on credit. The First National Bank of Provo suspended to-day: assets. $90,000; liabilities. $55,000.

4. July 1, 1893 Evening Star Washington, DC
Article from Evening Star, July 1, 1893

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BANKS CLOSE THEIR DOORS. At Rico, Colo., the Miners Are Excited and Talk of Shedding Blood. SALT LAKE, UTAH, July 1.-The First National/Bank of Provo closed its doors yesterday morning. A. O. Senoat is president and W. H. Dusenberry cashier. The assets are $115,000 and the liabilities are the same. Inability to make collections is the cause of failure. GEORGETOWN. COL., July 1. - The bank of Clear Creek county made an assignment yesterday. The assets amount to $397,000, while the liabilities are but $223,000. DENVER, COL., July -The First National Bank of Rico closed its doors yesterday because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dismissed from work were Said with checks on the bank and they are clamoring for coin. All business firms haye shut down on credit. FORT WORTH, TEX., July 1.-The Exchange Bank at Iowa Park closed its doors yesterday. The liabilities and assets are unknown here, but it is believed the depositors will be paid in full. A sudden withdrawal of deposits caused the suspension.

5. July 2, 1893 Grand Rapids Herald Grand Rapids, MI
Article from Grand Rapids Herald, July 2, 1893

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Another Provo Bank Gone, PROVO, Utah, July 1. The National Bank of Commerce closed its doors, owing to a run caused by the failure of the First National yesterday, Assets, $80,000; capital, 850,000. other liabili ties, 825,000.

6. July 2, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, July 2, 1893

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has been at Los Angeles, placing Gen. McCook, commanding the department, at the extreme western portion of his department. This caused great delay in communicating with army headquarters in Washington City, as all matter in his section was sent to him and by him to Washington City. With headquarters at Denver he will be at the extreme east of the department and in closest communication with Washington City. This, it is believed, will effect an economy in time and money, and greatly facilitate the disbursement in supplies and ammunition. Gen. McCook will command the new department. Gen. Schofield has received reports from Leech Lake, Minu., indicating that the recent troubles with the Chippewas are at an end, and the Indians are satisfied that the shooting of one of their number by Dr. Waiker was purely accidental and that the injured man has now recovered. The troops will not be withdrawn for the present. The outcome of the weather bureau in. vestigation is the exoneration of Prof. Harrington and the dismissal of Mo. Laughlin, chief of the executive division, who preferred the charges on which the investigation was based. Other discharges, it is said, may also be made. Comptroller Eckels has appointed J. H. Adams receiver of the failed Citizens Na. tional bank, at Spokane, Wash., and has also directed Bank Examiner Swan to take charge of the First National bank, of Provo, Utah. The statement prepared by the comp. troller of currency shows that the amount of national bank notes outstanding today is $178,614,535. an increase during the fiscal year ended June 30 of $6,088,897. The president has appointed the follows ing army officers as Indian agents: Capt. A. 1. Myer. Eleventh infantry. San Care los agency, Arizona Capt. J. W. Bubb, Fourth infantry. Colville agency. Washington. Maj. B. Freeman, Sixteenth infantry, Southern Ute agency. Colorado. First Lieut. E. E. Benjamin, First infantry. Warm Springs agency, Oregon. First Lieut E. E. Harris, Eighteenth infantry, Cheyenne and Arapahoe agency. Oklahoma

7. July 2, 1893 The Times Richmond, VA
Article from The Times, July 2, 1893

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Several Bank Failures. GEORGETOWN, COL., July 1.-The bank of Clear Creek county made an assignment yesterday. The assets amounted to $397,000; liabilities, $223,000. SALT LAKE, UTAH, July 1.-The First National Bank of Provo closed its doors yesterday. The assets are $115,000; liabilities same. Inability to make collections is the cause of the failure. FORT WORTH, TEX., July 1.-The Exchange Bank at Iowa Park closed its doors yesterday. The liabilities and assets are unknown here, but it is believed that the depositors will be paid in full. A sudden withdrawal of depositors caused the suspension. OMAHA, NEB., July 1.-The Nebraska National Bank of Beatrice, capital stock $100,000, and the American Bank of Beatrice, a small concern, both closed their doors to-day.

8. July 2, 1893 The Herald Los Angeles, CA
Article from The Herald, July 2, 1893

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WESTERN BANK FAILURES. Nebraska, Colorado and Other States Farnish Their Quota. BEATRICE, Neb., July .-The Nebraska National bank and the American bank failed this morning. Each had a capital of $100,000. The American bank's deposits will not exceed $60,000, and the assets are entirely sufficient to pay all demands. The Nebraska National bank has deposits of over $100,000, but the assets are in good ehape if no run is made on the other banks. SALIDA, Colo., July 1.-The Chaffe County bank made an assignment this morning with liabilities between $80,000 and $90,000, while the assets are not yet known. Slow collections is given as the cause of the failure. A run was averted on the First National bank, which closed at 11:30 until Monday. The directors say the depositors will be paid in full. OURAY, Colo., July 1.-The First National bank closed this morning, owing to the want of currency. Assets $110,000 and liabilities $42,000. It will prob ably resume in a few days. A run was inaugurated on Thatcher Brothers' Merchants' and Miners' bank, but it was only a slight flurry. WEBB CITY, Mo., Julr 1.-The Exchange bank of this city assigned today. Deposits, $60,000; liabilities not yet known. The stringency in the money market and withdrawal of deposits are assigned as the cause of the failure. WASHINGTON, July 1. - Comptroller Eckels was informed this afternoon of the failure of the First National bank of Phillipeburg, Mont. Comptroller Eckels has appointed J. H. Adams receiver of the failed Citizen's National bank of Spokane, Wash. He also directed Bank Examiner Swan to take charge of the First National bank of Provo, Utah.

9. July 2, 1893 The Sun New York, NY
Article from The Sun, July 2, 1893

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In the Care of Bank Examiners. WASHINGTON. July 1.-Comptroller Eckels to-day appointed J. H. Adams receiver of the failed Citizens' National Bank of Spokane. Wash. He also directed Bank Examiner Swan to take charge of the failed First National Bank of Provo. Utah. and Bank Examiner Latimer to take charge of the failed Nebraska National Bank of Beatrice. The First National Bank of Rico. Col., which has also failed. will be placed in the hands of a bank examiner during the day. Comptroller Eckels was informed this afternoon of the failure of the First National Bank of Phillipsburg. Mon. Capital. $50,000.

10. July 2, 1893 The Sun New York, NY
Article from The Sun, July 2, 1893

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Minor Business Troubles. GEORGETOWN. Col., July -The bank of Clear Creek county made an assignment yesterday to Lafayette Hanchett. A placard was hung un on the window of the bank announcing as follows: "If conditions change so that we can obtain money on our securities we shall resume at once. The assets are $397.900. liabilities $233,000. GLOUCESTER Mass.. July 1. - A voluntary petition in insolvency has been filed by G. Hodgkinson & Co., rish merchants. They owe $42.607. and have assets of about $13,000. CHATTANOOGA. July 1.-The Bloch Drug Company made a general assignment yesterday. No preference. The assignment is made to protect the business for liquidation. as it has been the intention for some time to wind the business up. The liabilities are about $50,000 and the assets are said to be ample to pay all creditors. Prosper Lazard was named as trustee. PITTSBURGH, July 1. - The Speer White Sand Company of 91 Fifth avenue. made an assignment this afternoon to J. H. Speer city, one of the company's officials. Mr. Speer said that its liabilities are $60,000. and its assets $250,000. According to Mr. Speer the stringency of the money market. unfortunate investments in sand lands and works at Dawson. Pr.. and the unusual shut down of the plate glass mills caused the difficulty. SALT LAKE. Utah. July The First National Bank of Provo closed its doors yesterday morning. The assets and liabilities are each $115,000. Officials expect the bank will soon resume business MUSKEGON. Mich., July 1.-The Muskegon Iron and Steel Company went in n receiver's hands yesterday. Assets and liabilities are not obtainable, the receiver being at work on the list. The company has a paid up capital of $200,000, and last January reported debts of $160,000; credits. $20,000: real and personal property. $316,000. BEATRICE. Neb.. July ..-The Nebraska National Bank and American Bank failed to open their doors this morning. Each bank had a capital of $100,000. RED CLOUD. Neb., July -The Farmers' and Merchants' Bank of this place closed yesterday. No statement has been made.

11. July 2, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 2, 1893

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Provo's Failed National Bank. WASHINGTON, July 1.-Comptroller Eccles has appointed J. H. Adams receiver of the failed Citizen's National bank of Spokane and also directed Bank Examiner Swan to take charge of the failed First National bank of Provo.

12. July 2, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, July 2, 1893

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An Immense St. Louis Concern in a Receiver's Hands, ST. LOUIS, July 1.-The Madison Car company filed articles of assignment in the recorder's court at Edwardsville, Ill., today. The assets are given at $918,000 and liabilities at $1,122,000, Paul A. Fusz is named as assignee. The company recently erected a large plant for the manufacture of railway cars at Madison, III., opposite this city, and has endeavored to build up a city similar to Pullman, III. The company has been in straitened circumstances for some time, and the stringency of the money market has precipitated the failure. About 690 were employed at the works. The announcement of the failure created surprise in mercautile circles in this city, owing to the fact that the stockholders of the company are all St. Louis people. Many of the stockholders are also heavily interested in the Merchants' Bridge, the Security Building and other large enterprises. The company is capitalized at $500,000,and about six months ago floated an additional bonded indebtedness of $500,000. This was used in p ying off pressing obligations. The company has done a heavy business in manufacturing railway cars and material, and it is said had some difficulty in securing payment for material and rolling stock furnished to different railroads. OSALT LAKE, Utah, July 1. - The National Bank of Commerce at Provo closed its doors this morning owing to a run caused by the failure of the First National bank yesterday. Assets, $80,000; capital. $50,000; other liabilities, $25,000. FORT WORTH, Tex., July 1.-The Exchange bank at Iowa Park closed its doors yesterday. The liabilities and assets are unknown here, but it is believed that the depositors will be paid in full. A sudden withdrawal of deposits coused the suspension. PHILADELPHIA, July 1.-Executions have been issued from common pleas court on five judgments entered on judgment notes aggregating $44,842.40, against Charies Illingsworth, dealer in morocco. OMAHA, Neb., July 1.-The Nebraska National Bank of Beatrice, capital: $100,000, and the American Bank of Beatrice, a small concern, both closed their doors today. They have been in a weak condition for some time. DENVER, Col., July 1.-The First National Bank of Rico closed its doors yesterday because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dis missed from work were paid with checks on the bank. and they are clamoring for coin. All business firms have shut down on crodit. WASHINGTON, July 1.-Comptroller Eckels today appointed J. R. . Adams receiver for the failed Citizens' National Bank of Spokane. He also directed Bank Examiner Swan to take charge of the failed First National Bank of Provo, Utah, and Bank Examiner Latmer to take charge of the failed Nebraska National Bank, of Beatrice, Neb. Comptroller Eckels was informed this afternoon of the failure of the First National bank of Phillipsburg, Mont. He has directed Bank Examiner Aubry to take charge of the failed National Bank at Ricu, Col.

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

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MORE WESTERN BANKS CLOSE THEIR DOORS. Denver, July -The First National Bank at Rico closed Its doors yesterday, because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dismissed from work were paid with checks on the bank, and they are clamoring for coin. All business firms have shut down on credit. GeorgeTown, Col., July 1.--Owing to the unexpected demands made during the last few days, the Bank of Clear Creek County made an assignment yesterday morning to Lafayette Hanchett. A placard was hung upon the window of the bank announcing as follows: s If conditions change so that we can obtain money on our securities, we shall resume at once." The assets of the institution are more than ample to meet very obligation. They amount to $397,000, while the liabilities are only $233,000. Salt Lake City, Utah, July 1.-The First National Bank of Provo closed its doors yesterday morning. A. O. Senoat is president, and W. H. Dusenberry cashier. The assets are $115,000, and the liabilities are the same. Inability to make collections or rediscounts is the cause of the failure. Officials expect the bank will soon resume business. Beatrice, Neb., July 1.-The Nebraska National Bank and American Bank failed to open their doors this morning. Each bank had a capital of $100,000. Washington, July 1.-Controller Eckels to-day appointed J. H. Adams receiver of the failed Citizens' National Bank of Spokane, Wash. He also directed Bank Examiner Swan to take charge of the failed First National Bank of Provo, Utah, Bank Examiner Latimer to take charge of the failed Nebraska National Bank of Beatrice, and Bank Examiner Aubry, to take charge of the First National Bank of Rico, Col. All the banks are small institutions.

14. July 3, 1893 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, July 3, 1893

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Failures. BEATBICE, Neb. 3.-The Nebraska National bank and American bank have failed. Each bank had a capital of $100,000. Washington.-Comptroller Eokles appointed J. H. Adams receiver of the failed Citizens' National bank, of Spokane, Wash. He also directed Bank Examiner Swan to take charge of the failed First National bank of Provo, Utah, and Bank Examiner Latimer to take charge of the failed Nebraska National bank of Beatrice. The First National bank of Rico, Colo., which has also failed, will be placed in the hands of a bank examiner.

15. September 3, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, September 3, 1893

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times are doing for us.-Coalville Chronicle. The people are going back to first principles in view of the hard times, hauling their winter fuel from the canyons. Many loads may be seen each evening going to the various parts of the city. This is royal canyon weather and wood hauling is liable to become epidemic.Springville Independent James Robinson & Co. went up to the church mine this week for the purpose of seeing what the prospect was for work this coming winter. It is most likely that they will operate the mine. This mine is worked at a great disadvantage, being so far from the railroad and the superiority of the coal is the only factor in its favor.-Coalville Chronicle. Loren Rees, a young man of this city, went to Pocatello several months ago and opened a produce business. He got into fast company; became wild and reckless; got behind in his accounts and skipped out, leaving several shippers of Brigham in the hole to the tune of several hundred dollars.-Brigham Bugler. The Denver News some days since said THE SALT LAKE HERALD 18 a goldbug paper. The Salt Lake Tribune copied the item and since that, every Republican paper in the territory has clipped it from the Tribune. The Tribune very often prints other lies. why don't the Utah Republican papers copy them as well?Provo Dispatch. The U. P. coal mines at Scofield are still closed down, and that place has a very deserted appearance in consequence. Vague rumors are afloat that the mines will resume operations soon. Superintendent Hale, who was the cause of all the trouble, has entirely disappeared much to the satisfaction of all concerned. onordNearly all of the depositors of the First National bank have signed papers agreeing not to withdraw their deposits except in installments of 20 per cent., as explained heretofore in the Enquirer. The remainder of them will probably have done so by Tuesday morningand the bank will resume business in a day or two thereafter.-Provo Enquirer. Mr. John Fife (a young man of 70 years) has just returned from Salt Lake with his new bride (a maiden of forty). This makes the third bride that Mr. Fife has brought to his home, the other two having passed beyond the veil. We trust that she will be a mother to his two little boys and a comfort to Mr. Fife in his declining years. Health, peace and happiness to both bride and groom.Davis County Clipper. A brazen attempt was made last week to run a gold brick game on the cashier of the bank here, but it didn't work. A strange individual presented to Mr. Erickson what to all appearances was a rough lump of gold, saying he wished to sell the same, but our worthy cashier at once dropped on to the follow's game, and not being a goldbug of that description, wanted not the nugget, and the mysterious stranger took a positive but quiet sneak on himself.-Mt. Pleasant Pgramid. Bishop Leonard of St. Andrew's chapel has appointed John C. Robinson to conduct the services of the church of Eureka and parts adjacent, under the immediate direction and supervision of the reverend bishop and archdeacon of Utah and Nevada. It is intention of the reverend bishop to visit St. Andrews frequently. Professor Robinson had charge here two years,ago and many friends are happy to meet him again, especially as he has come to remain among the citizens of Eureka. -Tintic Miner. Our people will undoubtedly be glad to learn that our sculptor is one of sixteen persons who received a medal at the Columbian exposition for work of merit. This implies much, as the competition was world wide, and there were several hundred competitors. In a letter last week to his parents he acquainted them of the fact first, knowing that they would rejoice with him in his good fortune. We hail with delight any honors that may be conferred upon Utah's sculptor.-Spring. ville Independent. Early last week it became rumored that J. B. Hunter had assigned for the be nefit of his creditors. This has been found to be so, and his liabilities are placed at about $15,000, with assets about equal. Among the latter are several thousand head of sheep, his ranch and persona. property near town, and other real es tate. Mr. Hunter went heavily into the sheep purchasing business last spring' and owing to the financial condition did not realize as he had expected to, hence the assignment. Mt. Pleasant parties are his principal creditors.-Mt. Pleasant Pyramid. Last spring a pension was granted to the late Saul Norman, but too late for his benefit. Since then the widow has been informed that she was entitled to the accurate amount for back pension. amounting to something like $900. But for some peculiar reason, ever since that time, she has received nothing but a set of blanks and affidavits to be filled out, and seems now no more nearer getting it than five months ago. She cannot even get the widow pension she is entitled to, although informed she can do so.-Mount Pleasant Pyramid. PUSHED TO THE WALL.

16. September 11, 1893 Evening Star Washington, DC
Article from Evening Star, September 11, 1893

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Banks to Resume. The following national banks, which recently suspended payment, having fully complied with the conditions imposed by the controiler of the currency, and their capital stock being unimpaired, have been permitted to reopen their doors for business, viz: The First National Bank of Provo, Utah. The Western National Bank of South Pueblo, Pueblo, Col. The First National Bank of Nashville, Tenn. The First National Bank of Le Mars, Iowa.

17. September 12, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, September 12, 1893

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FACTORIES ARE OPEN. LARGE NUMBERS OF IDLE MEN GIVEN EMPLOYMENT. BRIGHTER OUTLOOK VISIBLE. Manufactories Resume Business, and the Wave of Prosperity Sends Gladness to Many Persons - Banks Reopen Their Doors, and Business Regains New Life. PITTSBURG, Pa., Sept. 11.- large number of idle men were given employment today by the resumptions of numerous iron and steel plants. For the first time since June 30 every department in Jones & Laughlin's American works was in operation, giving employment to 3,500 men. Sixteen additional furnaces were put in operation at the Nationol Tube works, and the sheet mill of Moorhead, McLean & Co. was started, The Carbon Steel works went on "double turn," and the bar mill, two heating furnaces, two puddling furnaces and four sheet mills of the United States Iron and Tin Plate works started up with full forces. Zug & Co.'s plant also resumed on single turn, and other plants are preparing to start. WASHINGTON, Sept. 11. - National banks reopened today as follows: The First National Bank of Provo, Utah; the First National Bank of Nashville, Tenn.; the First National Bank of Lemars, Io. Of the 154 failed banks up to date 61 have reopened. 58 are in the hands of receivers, 34 in the hands of examiners. and 1 has gone into voluntary liquidation. ERIE, Pa., Sept. -The wave of returning prosperity has struck Erie, and many of the shops that had reduced the hours of their employes will soon be working on full time. The immense plant of the H. F. Watson Paper company started today with its full force of 900 men. The Erie Forge works also started this morning with a full complement of men. ERIE, Pa., Sept. 11. - The H.F.Watson Paper company, which has been running on half time, started this morning on full time with a full force of 900 employes. The Erie Forgo works, which has been shut down completely, also started this morning with a full complement of men. GALLIPOLIS, O., Sept. 11. -The Gallipolis and the Fuller-Hustonpiller furniture about 300 men, resumed factories, operations employing this morning. PROVIDENCE, R. 1., Sept. 11.-The mills of the Crompton company at Crompton, which have been closed since Aug. 7, started this morning. SOUTHINGTON, Conn., Sept. 11.-All the factories of the Peek, Stowe & Wilcox company at Plantsville, East Berlin and this place, started up this worning on full time.

18. September 13, 1893 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, September 13, 1893

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National Banks to Reopen. WASHINGTON, Sept. i2.-The following banks which recently suspended, have been permitted to reapen: The First National, Provo, Ore.; First National, Nashville, Tenn, and the First National, Lemars, Iowa.

19. September 13, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, September 13, 1893

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BUSINESS AND WAGES. The comptroller of the currency has permitted the First National bank of Provo, Utab, to reopen. It is reported that the electric light companies of St. Louis have been consolidated under the management of the Edison company. The receivers of Charles Foster's estate place the liabilities at $1,086,671; assets, $969,342. A proposition is under consideration to allow him to take charge again. Three thousand railroad coal miners in the Pittsburg district struck Monday against a reduction of 5 cents in the price of mining. Twenty-eight pits are idle. All is quiet.

20. September 13, 1893 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, September 13, 1893

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PROVO. PROVO, UTAH, - SEPT. 13, 1893. First National Bank. The business outlook of the First National Bank of this city, after its first day's run on the resumption of business, is very favorable. The doors were opened at noon with 41 per cent of the entire deposits and other liabilities on hand. During the afternoon the deposits amounted to $7974; withdrawals, $3250; an excess of deposits over withdrawals of $4724.

21. September 14, 1893 Abilene Weekly Reflector Abilene, KS
Article from Abilene Weekly Reflector, September 14, 1893

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National Banks To Reopen. WASHINGTON, Sept. 12.-The following national banks which recently suspended payment have been permitted to reopen: First national bank of Provo, Utah: Western national of South Pueblo, Col: First national of Nashville, Tenn., and the First national of Lemars, Ia.