18574. National Bank of Commerce (Provo, UT)

View Charter #4486 on SPMC

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
4486
Charter Number
4486
Start Date
July 1, 1893
Location
Provo, Utah (40.234, -111.659)

Metadata

Model
gpt-5-mini
Short Digest
643b3152415697cc

Response Measures

Public signal of financial health, Capital injected, Full suspension, Books examined

Description

Newspaper accounts report a run on July 1, 1893 (triggered by the failure of the First National) that forced the bank to close temporarily; Comptroller authorized resumption mid-July (reports cite July 14 authorization). OCR minor errors corrected (e.g., 'Descret' -> 'Deseret'). Cause of run classified as distress at another local bank (local_banks).

Events (5)
1. December 18, 1890 Chartered
Source
historical_nic
2. July 1, 1893 Run
Cause
Local Banks
Cause Details
Run was triggered by the failure/closing of the First National bank, which spurred deposit withdrawals at the National Bank of Commerce.
Measures
Closed doors at 10:15 a.m.; posted notice 'Closed for ten days. Depositors need not be alarmed; all will get their money without fail.' Cashier sought funds from correspondents/directors.
Newspaper Excerpt
The closing of the First National yesterday took the National Bank of Commerce by surprise, and they were not prepared for the run which followed during the day and which was resumed this morning.
Source
newspapers
3. July 1, 1893 Suspension
Cause
Local Banks
Cause Details
Temporary suspension of payments/closing of doors due to heavy withdrawals following the failure of the First National bank and inability to immediately secure funds from other banks/correspondents.
Newspaper Excerpt
National Bank of Commerce, Provo, Temporarily Closes its Doors... Closed for ten days. Depositors need not be alarmed, all will get their money without fail.
Source
newspapers
4. July 14, 1893 Reopening
Newspaper Excerpt
The comptroller of currency to-day authorized ... the National Bank of Commerce of Provo, Utah, to resume business.
Source
newspapers
5. January 2, 1894 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (24)
1. July 1, 1893 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, July 1, 1893

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National Bank of Commerce, Provo, Temporarily Closes its Doors. Special to the NEWS by Descret Telegraph. PROVO, U. T., July -The National Bank of Commerce of this city closed its doors at 10:15 this morning and posted the following notice: "Closed for ten days. Depositors need not be alarmed, all will get their money with. out fail." Cashier H. 8. Martin made the statement that funds were due the bank from other banks, and that $2000 would be in on the 4 o'clock train from the south. The closing of the First National yesterday took the National Bank of Commerce by surprise, and they were not prepared for the run which followed during the day and which was resumed this morning. It became absolutely neces. sary to close the doors. The balance of the deposits in the bank are largely by directors. The cashier 18 confident that the bank will not need to remain closed for ten days, but that business can be resumed on Monday. The following statement of the bank at the time of the closing shows it to be in good condition:

2. July 1, 1893 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, July 1, 1893

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PROVO PROVO, UTAH, . JULY 1. 1893. The Banks. The closing of the First National bank yesterday caused some little commotion, but depositors were re+ assured by the statement of bank officials that payment in full would be made and that probably business would be resumed. There was a slight run on the National Bank of Commerce, but the bank was prepared for the emergency; they have plenty of cash. Faith in the Provo Commetcial & Savings bank Was not shakes. A number of deposits were made during the day, one for $1930.

3. 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.

4. 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.

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

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FOR TEN DAYS. The Bank of Commerce at Provo Closes Its Doors. PROVO, July 1.-A run on the National Bank of Commerce resulted in the closing up of that bank this morning. The notice posted on the front door read as follows: "Closed for ten days. Depositors need not be alarmed. All will get their money without fail." Mr. Martin has been making an effort to secure funds in Salt Lake, but failed, on account of the sudden stringency which has visited us. A good sum is expected from the east, upon the arrival of which the bank expects to resume business. Below is their statement:

6. July 3, 1893 New-York Tribune New York, NY
Article from New-York Tribune, July 3, 1893

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WESTERN BANKS CLOSE THEIR DOORS. Webb City, Mo., July 2.-The Exchange Bank of this city, Incorporate. capital $30,000. closed its doors yesterday and assigned to 11. D. Newman, of Joslin, for the benefit of creditors. The deposits are $60,000: liabilities not yet ascertained. Ouray, Col., July 2.-The First National Bank of this place closed its doors yesterday. Deposits amount to about $50,000. and loans and discounts about $120,000. No definite statement has been made. There was a slight run on the Miners and Mechanics' but 11 was promptly met and the indications are there will be no more trouble. Salt Lake City, Utah. July 2.-The National Bank of Commerce, at Provo, closed Its doors yesterday morning, owing to a run caused by the failure of the First National Bank. The bank's assets are $90,000, capital $50,000. other liabilities 825,000. Salida, Col., July 2.-The Chaffee County Bank, of which William E. Robertson is cashier, made an assignment last evening to 8. J. Foster of this city. Mr. Foster states that the liabilities are between $80.eco and $90,000. being near the latter figure. The deposits are $73,600, including $21,000 in certificates of deposits. He is unable to give the assets. There was a run on the first National Bank from the first moment it opened yesterday morning. At 11 :20 o'clock Director Holtenback addressed the crowd and told them there would be $100,000 on hand Monday morning, and all demands would be met promptly. They closed their doors at 11 :30 until Monday morning.

7. July 3, 1893 Evening Star Washington, DC
Article from Evening Star, July 3, 1893

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Condition of Suspended Western National Banks. Controller Eckels is informed that the National Bank of Commerce of Provo, Utah, and the First National Bank of Ouray, Col., closed their doors to business on last Saturday. He has placed Bank Examiner Swan in charge of the Provo bank. Both of these failed banks had a capital of $50,000 each. Controller Eckels is advised that the First National Bank of San Diego, Cal., which failed about a month ago, will resume business next Wednesday, it having complied with the conditions imposed by the controller. It is probable, also, that the failed Washington National Bank of Spokane, Wash.. will resume business in about ten days. A committee headed by Messrs. Thayer and Robinson, representing the stockholders and officers of the failed First National Bank of Arkansas City, Kan., had an audience with Controller Eckels this morning looking to the reopening of that institution. It will also probably be able to resume business in a short time.

8. July 4, 1893 New-York Tribune New York, NY
Article from New-York Tribune, July 4, 1893

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SEVERAL BANKS CLOSE THEIR DOORS. Albuquerque, N. M., July 3.-The following nottee was posted on the door of the Albuquerque National Bank this morning: "The Albuquerque National Bank is compelled temporarily to suspend business. This has been brought about by unusual demands of depositors since the suspension of the California banks about ten days ago, and the absolute impossibility during the present business depression to call in our loans. It is confidently hoped that we can resume business. and that every creditor will be paid in full, as the assets greatly exceed the liabilities." Golden. Col. July 3.-The McPherson County Bank made an assignment for the benefit of its creditors this morning. "Impossible to collect on notes outstanding" is given as the cause of the failure. No statement.as to assets and liabilities has so far been made public. Washington, July 3.-Controller Eckels is informed that the National Bank of Commerce of Provo, Utah. and the First National Bank of ouray. Col.. closed their doors to business on last Saturday. He is also advised that the First National Bank of San Diego. Cal. which fatled about a month ago. will resume business on next Wednesday. It is probable also that the falled Washington National Bank of Spokane, Wash. will resume business in A committee representing the about ten days. stockholders and officers of the failed First National Bank of Arkansas City, Kan., had an audience with Controller Eckets this morning looking to the reopening of that institution it will also probably be abi to resume business in a short time. Phillipsburg, Mont, July 3. The First National Bank closed its does on Starday m riving. There is no doubt of the solveney of the institution. and as soon as matters are 8 raightened out business will be resume

9. July 8, 1893 The Washburn Leader Washburn, ND
Article from The Washburn Leader, July 8, 1893

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OWING TO A RUN. Salt Lake, Utah, July 3.-The National Bank of Commerce at Provos closed its doors this morning owing to a run caused by the failure of the First National bank.' Assets, $80,000; capital, $50,000; other listilities, $25,000.

10. July 8, 1893 The Dickinson Press Dickinson, ND
Article from The Dickinson Press, July 8, 1893

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OWING TO A RUN. Salt Lake, Utah. July 3.-The National Bank of Commerce at Provos closed its doors this morning owing to it run caused by the failure of the First National bank. Assets. $80,000: capital, $50,000; other liabilities, $25,000.

11. July 13, 1893 Reporter and Farmer Webster, SD
Article from Reporter and Farmer, July 13, 1893

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GENERAL Lieut. Peary and party sailed for the Arctic ocean. Corbett and Mitchell will probably have their fight in Chicago. An increase of $105,252,254 is shown in the assessment rolis of New York. Jay Gould's estate is listed at $10.000,000, as against $500,000 during his lifetime. The National Bank of Commerce at Provo, Utah, has suspended. The liabilities are $75,000. Clifford Calvery ran across Niagara Falls on a wire, making the run in 2:35 2-5. E. J. Bracken of Columbus is the Ohio Prohibition candidate for governor. Gov. Pattison and Mayor Bishop delivered speeches of welcome to the crew of the Viking on her arrival at Buffalo. A Montana clergyman states that an immense sum of money has been raised by the Mormons for the wholesale bribery of congress. About fifty insurance companies have withdrawn from Tennessee because of a law requiring them to file copies of their charter with the secretary of state. When Mr. Hitchcock. the new superintendent of the Kansas state reform school, took possession of the institution July 1, he was immediately deserted by the subordinate employes. He also found the boys in almost open mutiny. Eugene Sandow, the man who is exhibiting at the Casino in New York, was beaten with a whip by Sarah Whyte, a professional swimmer. She claims that Sandow owes her $150, but he says the woman is trying to blackmail him.

12. July 13, 1893 The Farmers' Union Memphis, MO
Article from The Farmers' Union, July 13, 1893

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Notes of Current Events. ALL silver mines in Chili will probably be closed. WARRANTS have been issued for $16,000,000 of pensions. JAMES LAMAR, a negro. was changed at Darien. Ga.. for murder. CHARLES W. DRAYTON has assumed charge of the New York Postoffice. IN a drunken quarrel at Cincinnati, John Schede stabbed Joseph Lux to death. IN a quarrel over a woman at Cincinnati. Alfred Patterson shot Anderson Bixon dead. THE electrotyping plant of Ringler & Co., at New York, suffered a damage of $50,000 by fire. THE National Bank of Commerce at Provo, Utah. has suspended. The lia. bilities are $75,000. THE several iron mills at Youngstown. Ohio. have been closed. throwing 7,000 persons out of employment.

13. July 15, 1893 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, July 15, 1893

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READY TO RESUME. Two Suspended Banks Have Mended Their Finances. WASHINGTON. July 14.-The comptroller of currency to-day authorized the First National bank of Los Angeles, Cal., and the National Bank of Commerce of Provo, Utah, to resume business. The banks will resume with plenty of money, none of which is borrowed, but obtained by the collection of amounts due on notes or supplied by the directors.

14. July 15, 1893 The Dickinson Press Dickinson, ND
Article from The Dickinson Press, July 15, 1893

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GENERAL. Lieut. Peary and party sailed for the Arctic ocean. Jay Gould's estate is listed at $10,600,000, as against $500,000 during his lifetime. The National Bank of Commerce at Provo, Utah. has suspended. The liabilities are $75,000. Clifford Calvery ran across Niagara Falls on a wire, making the run in 2:35 25. E. J. Bracken of Columbus is the Ohio Prohibition candidate for gov. ernor. Gov. Pattison and Mayor Bishop delivered speeches of welcome to the crew of the Viking on her arrival at Buffalo. A Montana elergyman states that an immense sum of money has been raised by the Mormons for the wholesale bribery of congress. The liabilities of the Chaffee County bank at Salida. Colo., which failed recently, are $800,000 and the assets $8,000. The Philadelphia & Reading railway company defaulted principal and inter. est on the Lancaster Quarryville roads. The militia has been withdrawn from Tonawonda, N. Y., deputy sheriff's taking the place of the troops in guarding lumbermen's property. The marriage of Fred H. Leonard and Mrs. Rice of Grand Rapids, Mich., has been declared invalid on the ground that Leonard was mentally incompetent when it was contracted. About fifty insurance companies have withdrawn from Tennessee because of a law requiring them to life copies of their charter with the secretary of state.

15. July 15, 1893 The Washburn Leader Washburn, ND
Article from The Washburn Leader, July 15, 1893

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GENERAL. Lieut. Peary and party sailed for the Arctic ocean. Jay Gould's estate is listed at $10,000,000, as against $500,000 during his lifetime. The National Bank of Commerce at Provo, Utah, has suspended. The liabilities are $75,000. Clifford Calvery ran across Niagara Falls on a wire, making the run in 2:35 2-5. E. J. Bracken of Columbus is the Ohio Prohibition candidate for gov. erhor. Gov. Pattison and Mayor Bishop delivered speeches of welcome to the crew of the Viking on her arrival at Buffalo. A Montana clergyman states that an immense sum of money has been raised by the Mormons for the wholesale bribery of congress. The liabilities of the Chaffee County bank at Salida, Colo., which failed recently, are $800,000 and the assets $8,000. The Philadelphia & Reading railway company defaulted principal and interest on the Lancaster & Quarryville roads. The militia has been withdrawn from Tonawonda, N. Y., deputy sheriffs taking the place of the troops in guarding lumbermen's property. The marriage of Fred H. Leonard and Mrs. Rice of Grand Rapids, Mich., has been declared invalid on the ground that Leonard was mentally incompetent when it was contracted. About fifty insurance companies have withdrawn from Tennessee because of a law requiring them to file copies of their charter with the secretary of state.

16. July 17, 1893 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, July 17, 1893

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WASHINGTON TELEGRAPHIC NOTES. A case of yellow fever is reported at Gulf quarantine station, Chandler island, Miss. Congressman Springer denies that he is to be let out of the chairmanship of the ways and means committee on account of failing health. Col. Fred Grant, late minister to Austria, is in Washington. He says that country is very prosperous, with a good big surplus in the treasury. About 2,560 pensioners have been suspended under Secretary Hoke Smith's ruling, requiring beneficiaries of the act of June 27, 1890 to prove total disability. Each one has 60 days to produce proof. The treasury department has decided that un der the section of the tariff law which provides that if the value of goods exceeds the value declared in the entry more than 40 per cent, fraud may be presumed and the goods seized by the collector. Comptroller of the Currency Eckels has authorized the First National bank of Los Angeles, Cal., the National bank of Commerce of Provo Utah, and the Second National bank of Ashland, Ky., to resume business. The government will not interfore in the Franco-Siamese trouble, as American interests in Siam are very slight. There are however, about 20 missionaries, principally Presbyterians, in Siam, and the Presbyterian mission board has asked that they be protected.

17. July 21, 1893 The Iola Register Iola, KS
Article from The Iola Register, July 21, 1893

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THE WORLD AT LARGE. Summary of the Daily News. WASHINGTON NOTES. A STATEMENT shows that the net gold in the treasury at the end of June, last, was $95,485,413, which was more than the total at the end of either of the two months preceding. In the ten days from June 30 to July 10, the gold holdings increased from $95,485,413, to $97,286,677, and the tables show a slow, but steady increase from June 10 last, when the net gold stood at $90,722,958, the lowest point touched in many years. CONGRESSMAN WILSON, of West Virginia, gives it as his opinion that there will be no recess after congress meets in extra session. THE wife of ex-Senator Conger died recently in Washington, where Mr. Conger has been residing since his retirement from the senate. POSTMASTER-GENERAL BISSELL has decided to do away with the different sizes of postal cards and to have them of uniform size in future. SECRETARY HERBERT has accepted the resignation, because of ill health, of Com. Wilson, as chief constructor of the navy, and appointed Constructor Philip Hichborn to succeed him. THE comptroller of the currency has issued a call for a report on the condition of national banks at the close of business July 12. This, the comptroller says, is one of the regular five annual calls. IT is practically certain that the president will be allowed to dictate who shall be chairman of the ways and means committee and that it will not be Springer. PRELIMINARY work to the opening of the Cherokee strip is well under way. THE gold reserve in the treasury has 1 increased $206,000 and now stands at $98,093,141. But on the other hand the TO currency has decreased from $27,353,881 to $26,904,780 in the same time. t THE chief of the bureau of statistics 1 reports that the total value of the exports of beef and hog products from the United States during the month of I June, 1893, was $10,098,837. he POSTMASTER-GENERAL BISSELL has decided to abandon three sizes of the f postal cards now in use. REPRESENTATIVE FITHIAN will intro0 duce his free ship bill again at the next session of congress. f TWENTY-FIVE hundred pensioners o have already been suspended since Hoke Smith's famous order went into r effect. J SECRETARY HERBERT has authorized a the preliminary acceptance of the n cruiser Detroit. V COMPTROLLER OF THE CURRENCY c ECKELS has authorized the First nao tional bank of Los Angeles, Cal., the National Bank of Commerce, of Provo, t U.T., and the Second national bank, of N Ashland, Ky., to resume business. All en these banks have resumed with plenty of morley, none of which was bort rowed, but obtained by the collection C of amounts due on notes or supplied by k the directors. t

18. July 22, 1893 Macon Beacon Macon, MS
Article from Macon Beacon, July 22, 1893

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PRELIMINARY work to the opening of the Cherokee strip is well under way. I FIRE destroyed 1,000,000 feet of lumber in Taber & Co.'s yards, at Dubuque, I la. Loss, $25,000; fully insured. 1 A. LOUP and wife, of St. John La., were Baptist ALCES parish, taken from ( their home and horribly whipped by white caps. Both were fearfully lacerated. ALEXANDER McCook, brigadier-general of the new military department of Colorado, Utah, Arizona and New Mexico, has arrived at Denver for the purpose of establishing the headquarters of the department. AT Baltimore application was made for a receiver of the Equitable League of America, a seven year term order, and an injunction to restrain officers from collecting assessments was granted and hearing set for September 5. COMPTROLLER OF THE CURRENCY ECKELS has authorized the First national bank, of Los Angeles, Cal., the National Bank of Commerce, of Provo, U.T., and the Second national bank, All of Ashland, Ky., to resume business. these banks have resumed with plenty of money, none of which was borrowed, but obtained by the collection of amounts due on notes or supplied by the directors. THE latest advices from Honolulu are to the effect that the rebellious lepers have been subdued, and that all is quiet there now. S.N. DUSENBERRE, cashier of the has defunct bank of Puyallup, Wash., been arrested. S PRESIDENT VAN HORN of the Canadian I Pacific has been indicted by the federal vioS grand jury at Tacoma, Wash., for in lating the inter-state commerce law sale of tickets , THE dead body of Nin Sheppard, the f notorious desperado, who recently esf caped from custody in Arkansas, was the found lodged in some driftwood in e Arkansas river. h MRS. MEYER, held a prisoner at De, Mich., with her husband, husbands charged troit, with wholesale poisoning of , for insurance, has given birth to a boy. has e THE Mississippi river commission Vicksy ordered work in the harbor of burg, Miss., abandoned. i REAPER and harvesting men who are e d exhibitors at the world's fair, with one the exception, will decline to make mofield trials which have at the last a ment been demanded of them. r THE great Columbian handicap stake a 1at Chicago was won by Rudolph, western horse. S SPECIAL INSPECTOR SWINFORD de- be S that the Cherokee strip will than t clares opened to settlement not later d September TORNADO 10. struck Lima, O., destroyt A the Catholic church and unroofing no 3. a ing number of buildings, but injuring W d one. TIMELY arrival of troops at Houck's deA. T., saved two railroad hands of tectives Tank, from death at the is iangry Navajos. hay crop in Europe is a failure, will of THE consequence this country immense 1and be called as a upon to furnish an nquantity at a high price. J. BUSH, cashier of the defunct placed n bank J. at Elmira, N. Y., has been under arrest. he Italian pienic at Chicago four exIs persons AT an were killed by a premature plosion of fireworks. as VICK and his son Walter getting wer en drowned JOHN at Detroit, Mich., by he aout of their colored depth. children, locked Miss. in cabin THREE by their parentsat Durant, burned to death. in at were Glen house at Mount Washing Loss ly ton, THE N. H., was destroyed by fire. he $100,000. round-trip tickets to is th th in ONE-PRICE fair, good on any association train, ter ly world's in Central Traffic by th inorder ritory. following the cut made Big Four. ed COURAGEOUS boy saved two your a cli A from being carried over ort by ladies runaway horse at Long Branch. has a AGENT BENNETT fort pul rid Ex-INDIAN communication sstting Indians not lished a condition of the showin the present five civilized tribes and the need for statehood. a., their exhibitor at the had world bee ge on. A sold RUSSIAN some jewelry which came net fair free of duty and troub a en thereby. admitted getting himself in serious

19. July 22, 1893 Baxter Springs News Baxter Springs, KS
Article from Baxter Springs News, July 22, 1893

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THE WORLD AT LARGE. Summary of the Daily News. WASHINGTON NOTES. THE gold reserve in the treasury has increased $206,000 and now stands at $98,093,141. But on the other hand the currency has decreased from $27,358,881 to $26,904,780 in the same time. THE chief of the bureau of statistics reports that the total value of the exports of beef and hog products from the United States during the month of June, 1893, was $10,098,837. POSTMASTER-GENERAL BISSELL has decided to abandon three sizes of the postal cards now in use. REPRESENTATIVE FITHIAN will introduce his free ship bill again at the next session of congress. TWENTY-FIVE hundred pensioners have already been suspended since Hoke Smith's famous order went into effect. SECRETARY HERBERT has authorized the preliminary acceptance of the cruiser Detroit. COMPTROLLER OF THE CURRENCY ECKELS has authorized the First national bank of Los Angeles, Cal., the National Bank of Commerce, of Provo. U.T., and the Second national bank. of Ashland, Ky., to resume business. All these banks have resumed with plenty of money, none of which was borrowed, but obtained by the collection of amounts due on notes or supplied by the directors. SPECIAL INSPECTOR SWINFORD declares that the Cherokee strip will be opened to settlement not later than September 10. SENATOR TELLER, of Colorado, declares that it is the veriest rot to ascribe the present financial stringency to the workings of the Sherman law. THERE is a fund of $13,000,000, amassed by sales of cotton seized during the late war, lying idle at Washington. AN order has been issued by the war department increasing the number of honor graduates from the Leavenworth military school from three to five. THE decision of the government that persons who were on the Cherokee strip since March 2. 1889, have forfeited all claims to right of settlement will stir up much trouble.

20. July 28, 1893 The Durham Daily Globe Durham, NC
Article from The Durham Daily Globe, July 28, 1893

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IN THESE days of suspensions and failures it is gratifying to note that many of them are due only to temporary embar rassments and that many of the reputed bursted banks are over their trouble and are again doing business. Among those which have re opened during the last few days are: Gate City National Bank, At lanta, Ga.: First National Bank, Los Angeles, Cal.; First National Bank, San Diego, Cal.: First National Bank, Santa Anna, Cal; First National Bank, San Bernardino, Cal: the Southern California National Bank, Los Angeles, Cal: Merchants' National Bank, Fort Worth, Tex.; Second National Bank, Ashland, Ky.; Capital National Bank, Indianapolis, Ind: First National Bank, Palouse City, Wash; Washington National Bank, Spokane Falls, Wash; National Bank of Commerce, Provo City, Utah, and First National Bank, Cisco, Texas.

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

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It is to be observed that in twenty-one States and Territories there have been no !ailures of National banks, viz: In Alaska, Arizona. Arkansas, Connecticut. Delaware, District of Columbia, Idabo, Indian Territory, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Nevada, New-Jersey, Pennsylvania. Rhode Island, South Carolina, Vermont, Virginia and West Virginia. It is further worthy of note that no National banks have failed in Boston, Brooklyn, Philadelphia, Pittsburg, Baltimore, Washington, Buffalo, Cincinnati. St. Louis, New-Orleans, San Francisco, Minneapolis, St. Pan! and numbers of other great commercial centres: and that but one has closed in New-York, two in Chicago. and one In Milwankee. The cause of the failures in NewYork and Chicago was due largely to mismanagement, as were numbers of others. Local scares have caused many of late to suspend. Nine of the banks failed were robbed by officials who are now under arrest. The following National banks have been authorIzed by the Controller of the Currency to resume business: Gate City National Bank, Atlanta, Ga.: First National Bank. Los Angeles, Cal.: First National Bank, San Diego, Cal.: First National Bank, Santa Ana, Cal.: First National Bank, San Bernardino, Cal.: Southern California National Bank, Los Angeles, Cal.: Merchants' National Bank. Fort Worth, Tex.: Second National Bank, Ashland, Ky.: Capital National Bank, Indianapolis.: First National Bank, Palouse City, Wash.: Washington National Bank, Spokane Falls, Wash.: National Bank of Commerce. Provo City, Utab: First National Bank. Cisco, Texas: Missouri National Bank, Kansas City, Mo. Many more will reopen, as the majority of those recently failed are absolutely solvent, and only closed through an unwarranted lack of confidence in them, causing disastrous runs. Resume: Number now in operation, 3,785: number failed since January 1, 1893. 105; number reopened, 14: number In hands of receivers, 33: number In hands of Bank Examiners, with application to Controller for resumption, 58.

22. August 1, 1893 The Durham Daily Globe Durham, NC
Article from The Durham Daily Globe, August 1, 1893

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11--4277, Washington National bank, Spokane Falls, Wash. 12-4486, National Bank of Commerce, Provo City, Utah. 13-4134, First National bank, Cisco, Tex. 14-4494, Missouri National bank, Kansas City, Mo. Many more will reopen, as the majority of those recently failed are absolutely solvent and only closed through an un- warranted lack of confidence in them, causing disastrous runs. To resume: Number now in operation, 3785; number failed since January 1, 1893, 105; number reopened, 14; number in hands of receiver, 33; number in hands of bank examiners with application to comptroller for resumption, 58.

23. August 29, 1893 Evening Star Washington, DC
Article from Evening Star, August 29, 1893

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BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000: First National Bank, Palouse city, Wash., $75,000; Southern California National Bank, Los Angeles, Cal., $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal. $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo. Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Denver, $500.000: Hutchinson National Bank, Hutchinson, Kan.. $100,000; People's National Bank, Denver, Col., $600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank. Greeley, Col., $50,000; Farmers' National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky. $300.000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000; Waxahachee National Bank, Waxahachee. Tex., $100,000; CitIzens' National Bank, Attica, Ind., $50,000; First National Bank. San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number 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, in addition to the 34 above named which have already resumed business.

24. September 3, 1893 The Times Richmond, VA
Article from The Times, September 3, 1893

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BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. WASHINGTON, D. C. Sept. 1.Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000; First National Bank, Palouse city, Wash., $75,000: Southern California National Bank, Los Angeles, Cal: $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal., $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo, Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Den ver $500,000; Hutchinson National Bank, Hutchinson, Kan., $100,000; People's National Bank, Denver, Col.,$600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank, Greeley, Col., $50,000; Farmer's National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky., $200,000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000: Waxabachee National Bank, Waxabachee, Tex., $100,000; Citizen's National Bank, Attica, Ind., $50,000; First National Bank, San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number 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, in addition to the 34 above named which have already resumed business.