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Miss Iula Bradley, who has been teaching school in the western part of the county, near Hale, went to Salem on this morning's local. - Eugene Guard. The Tacoma National bank suspended today.
19448. Tacoma National Bank (Tacoma, WA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 2924
- Charter Number
- 2924
- Start Date
- July 24, 1893
- Location
- Tacoma, Washington (47.253, -122.444)
Metadata
- Model
- gpt-5-mini
- Short Digest
e0bd265a14f99f2e
Response Measures
None
Receivership Details
- Depositor recovery rate
- 21.0%
- Date receivership started
- 1894-12-14
- Date receivership terminated
- 1900-08-09
- OCC cause of failure
- Losses
- Share of assets assessed as good
- 11.8%
- Share of assets assessed as doubtful
- 72.2%
- Share of assets assessed as worthless
- 16.1%
Description
The Tacoma National Bank suspended July 24, 1893 during the nationwide panic (articles note it had been assisting other banks). It arranged with depositors and reopened in early December 1893. It later closed its doors permanently on Dec 3, 1894 and went into liquidation; a receiver was appointed in mid-December 1894. No article describes a depositor run as the initiating event, so classify as suspension leading to closure. Dates chosen reflect contemporaneous newspaper reports (suspension 1893-07-24, reopening early December 1893 (reported Dec 5), final suspension/closure 1894-12-03, receiver appointment reported 1894-12-16).
Events (6)
1.
April 13, 1883
Chartered
- Source
- historical_nic
2.
July 24, 1893
Suspension
- Cause
- Macro News
- Cause Details
- Suspended during the nationwide financial panic/ stringency of July 1893; bank had been assisting other local banks and financial stringency forced it to stop payments.
- Newspaper Excerpt
- The Tacoma National bank suspended this morning.
- Source
- newspapers
3.
December 5, 1893
Reopening
- Newspaper Excerpt
- The Tacoma National Bank, which suspended four months ago, will resume on Monday. / opened up all right last Monday morning, which shows a tendency to better times on the Sound. / will open its doors again on November 1 (reports vary) / reopening plan with staged repayments announced by comptroller's suggestion (depositor agreement).
- Source
- newspapers
4.
December 3, 1894
Suspension
- Cause Details
- Bank closed and went into liquidation after weak business following reopening; officers hoped comptroller would permit liquidation rather than receivership.
- Newspaper Excerpt
- The Tacoma National Bank closed its doors this morning, the cashier's notice stating that the institution was going into liquidation.
- Source
- newspapers
5.
December 14, 1894
Receivership
- Source
- historical_nic
6.
December 16, 1894
Receivership
- Newspaper Excerpt
- Philip P. Anderson ... has been appointed receiver of the Tacoma National bank. / E. S. Alexander has been appointed receiver for the Tacoma Box Company. (reports show appointment of receiver for the bank mid-December 1894.)
- Source
- newspapers
Newspaper Articles (23)
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TACOMA NATIONAL BANK FAILS Was One of Strongest In Northwest-Has Been Assisting Other Banks. TACOMA, Wash., July 24.-The Tacoma National Bank. one of the strongest in the Northwest, suspended this morning. Tlis bank has bren assisting other banks in the city for the past six months.
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Has Been Helping Other Banks. TACOMA, Wash., July 24.-The Tacoma National bank, one of the strongest in the northwest, suspended this morning. This bank has been assisting other banks in this city the past six months.
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PEOPLE AND PLACES. MUNICH, July 24.-The condition of King Otto of Bavaria is daily becoming worse. TACOMA, Wash.. July 24. - The Tacoma National bank did not open its doors this morning. PLAINVIEW, Neb., July 24. The Plainview State bank was robbed last night of $30,000 cash. and in consequence did not open its doors this morning. NEW YORK, July 24.-Henry Bach, wholesale clothing. No. 737 Broadway.with branches in Boston and Chicago, is financially embarrassed. His liabilities are over $100,000. CONNERSVILLE, Ind., July 24. The Citizens' bank. owned by ex-United States Treasurer Huston, has failed. No statement of assets or liabilities. Depositors will. it is said, be paid in full. WASHINGTON, July 24.-The treasury is informed that 15 persons, eight of them federal officials, have been indicted at Portland, Ore., for smuggling Chinese and opium into the United States. LOUISVILLE, Ky., July The Louis= ville City National bank suspended this afternoon. It has a capital of $400,000. It was impossible to realize on assets. Deposits received to-day will be returned. NEW YORK. July 21.-One hundred and twenty-eight thousand ounces of silver will be shipped to-morrow. Two hundred thousand dollars of gold arrived to-day from Europe and $270,000 from Havana. MANCHESTER, N. H., July 24.-The National Bank of the Commonwealth will suspend payment to-morrow. Its assets and liabilities about $625,000. The sus. pension of the New Hampshire Trust company precipitated this. SYRACUSE, N. Y., July 24.-The extensive manufacturing firm, Bradley & Co., went into a receiver's hands this afternoon. The firm manufactured trip hammers, wagons and fancy carriages and filters. The buildings and plant are valued at $500,000. The liabilities are about $350,000. DENVER, July 21. - Bank Examiner Lazar says: All the six suspended banks here have enough assets to resume in time and that a plan is on foot to get depositors to accept certificates of deposit payable in instalments giving them time to realize on their assets and prevent enforced liquidation. ASBURY PARK, July 21.-One hundred and forty members of the First brigade of the New Jersey National guard. now in camp at Sea Girt, are prostrated by some mysterious poison, the nature of which is not known. It may have come from OX+ alic acid gathesed in their tin cups. which had been stored since last summer. It is not thought that any of the men will die. WASHINGTON. July 24.-The grand jury found true bills against Col. Frederick C. Ainsworth, chief of record and pension division of the war department. George W. Dart. the contractor employed to make excavation for the electric light plant. W. E. Covert, superintendent, and Francis Casse. engineer. holding them responsible for the old Ford theater disaster last June in which 23 persons lost their lives, and a large number were injured.
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A Tacoma Bank Fails. Tacoma, Wash., July 24.-The - Tacoma National Bank, one of the strongest in the nortwest, suspended this morning. The bank has been assisting the other banks in the city for the past six months.
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MORE BANKS SUSPEND. The Creditors and Depositors of That Owned by Ex-Treasurer James N. Huston will Not Lose Anything. CONNERSVILLE, Ind, July 24.-The Citizens' bank, owned by ex-United States Treasurer Huston, failed to open its doors this morning, owing to financial stringency. Liabilities and assets are not yet made known. The depositors will, it is said, be paid in full. In an interview with ex-Treasurer J. N. Huston regarding the suspension of the Citizens' bank he said: "It is my misfortune. None of the depositors or creditors will lose a cent. My personal property will more than cover all liabilities, to say nothing about the real estate. It will not affect any of the industries in which I am interested in the least. The real cause of the suspension is the IU. more that have been spread abroad that I was interested in foreign speculations and had lost heavily. There is nothing in the story, but it had the effect to scare quite a number of my depositors, which left mein a crippled condition. The bank 18 my own individual property, and every dollar that I am worth will stand good for my liabilities. No one will lose anything All that I ask is a little time and everything will be adjusted satisfactorily. I have been building up a business for twenty-years here and always took pride in my honesty. Now I have the opportunity to show the people that I am honest. I want no one to lose anything, not even those who have been instrumental in bringing my misfortune about." PLAINVILLE, Neb, July 24.-The Plainville State bank was robbed last night of about $3,000 in cash. In consequence the bank did not open its doors this morning. LOUISVILLE, July 24 -The Louisville City National bank suspended payment at 1:20 o'clock this morning. The bank has a capital of $400,000. The announcement that the bank had closed for business was not unexpected. The bank found that it impossible to realize on the assets, owing to the financial stringency. Deposits received to-day will be returned to the bank's patrons. TACOMA, Wash., July 24.-The Tacoma National bank, one of the strongest in the northwest, suspended this morning. This bank has been assisting other banks in the city for the past six months. QUIET IN MILWAUKEE. MILWAUKEE, July 24.-There was a good deal of nervousness in banking circles this morning and runs developed on & number of banks' But toward noon things quieted down and the alarm of depositors is rapidly subsiding. It now looks as if the crisis had passed. The nervousness of to daylis the result of senseless rumors set afloat after banking hours on Saturday. GREAT FALLS, Mont., July 24.-The Merchants National bank closed to day. The directors state that all depositors will be paid in full. The bank held $73,000 of in public funds.
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LATER. THE Forest and Dean mines near Highland Falls, N. Y., which had been in operation continuously for a hundred years, closed down for an indefinite period. SEVENTY guards in camp at Seagirt, N. J., were poisoned by drinking from cups washed in oxalic acid. A PIRATICAL outbreak occurred among the Achinez passengers on board the Dutch steamer Rajah Kongsee, trading on the eastern coast of Achon, and the Achinez killed the English captain, mate and twenty-two of the Asiatic sailors. DURING a gale at Buzzard's Bay, Mass., a yacht was capsized and six persons were drowned. THE Plainview (Neb.) State bank was robbed of $3,000 in cash, and in consequence the bank did not open its doors. THE extensive manufacturing firm of Bradley & Co. at Syracuse, N. Y., went into a receiver's hands with liabilities of $350,000. A SEVERE cyclone passed over the little town of Cale, I. T., destroying houses, barns, and everything in its path. FROM twenty to thirty Chinamen are said to enter the United States nightly via the Mexican border. A BLAZE in the Ohio Transfer & Storage company building at Columbus, O., destroyed the plant. Loss, $300,000. THREE boys and a man were killed by the explosion of a powder house near Huntington, Ind. BANK failures were reported as follows: The First national at Orlando, Fla., Tacoma national at Tacoma, Wash., City national at Louisville, Ky., Citizens at Connersville, Ind., Taylor county at Medford, Wis., and the National bank of the commonwealth and Bank of New England at Manchester, N. H. THE two hundredth anniversary of the birth of the city of Detroit, Mich., was celebrated. GAUDAUR defeated Hanlan in the boat race at Toronto, Ont., for the world's championship. DIRECTOR GENERAL DAVIS, President Higinbotham, Commissioner St. Clair, Commissioner Massey and Director C. H. Schwab were served with a notice to appear in court before Judge Stein in Chicago to show cause why they should not be attached for contempt of court in not opening the gates of the exposition on Sunday in violation of the injunction against closing issued in the Clingman case.
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Tacoma National Bank Seeks to Reopen. TACOMA, Aug. 18.-[Special.j-With the indulgence of its depositors, the Tacoma National bank expects to reopen shortly and to settle all accounts much quicker than should a receiver be appointed by the following plan, which was announced today: "At the suggestion of the comptroller of the currency, in order to facilitate the reopening of the bank, we have decided to ask the co-operation of each of our depositors in the following manner, namely: That each depositor call at the bank with his or her bank book or certificate, and enter into an agreement with the bank that deposits shall be drawn only in the following manner: Ten per cent. cash upon the reopening of the bank; 15 per cent. on December 20 next; 25 per cent. on March 20, 1894; 25 per cent. on June 20, 1894. and 25 per cent. on September 20, 1894."
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The Mealy-Lacey mill at Chehalis has resumed. Aberdeen will make its tramps work on the streets. Threshing is on again full blast about Rosalia. Counterfeit silver dollars are plentiful at Walla Walla. H. S. Owen's $4,000 residence burned at Lake Steilacoom. Lewis county's expenses for the last quarter were $33,083. Edwin H. Hatfield, of Tacoma, died in that city yesterday. Shingle certificates circulate as currency at Blaine stores. Spokane's council has declined to revise the city charter. Snohomish shingle mills are preparing to run all winter. Two freight cars were wrecked in a collision at Walla Walla. Garfield schools, closed on account of diphtheria, have reopened. The Tacoma National bank expects to resume November 1. Cathlemet farmers will experiment with fall planting of potatoes. It is raining dreadfully again throughout the Palouse valley. Whitman county horticulturists meet at Pullman, November 4. A trainload of cattle has gone, to South Omaha from Uniontown. Seattle is laying off a good many city employes to save expenses. Tacoma Mystic Shriners will have a great festival Wednesday night. The Puget Sound Schoolmasters' Club meets at Everett Saturday. Kalama's municipal debt is $1,000 and coming annual budget $858. The bridge across the Tukanon at Starbuck, 280 feet long, is completed. Charges of wastefulness in the Ruby creek trail work arebeing investigated. Snohomish is worried over improper bookkeeping in its treasurer's accounts. The Day brothers are shooting 3,000,000 falls. feet of logs over Snoqualmie The Supreme Court has pronounced legal. the Port Angeles bonding proposal Walla Wallans changed a $50, $90, $20 stranger. and $10 confederate bill for a Colfax will raise $16,046 municipal valuation. taxes, being 13 mills on its $1,233,377 The government quarantine buildcompleted. ings near Port Townsend are nearly Uniontown's new brick schoolhouse, stories high, is nearly ready for occupancy. Major E. A. Routhe is setting out 1,000 strawberry plants on his Stevens county ranch. A half-mile race track is being built on Dr. Clowe's place near Fort Walla Walla garrison. Engvel Halvorson, a Tacoma team. ster, dropped dead from over-exertion while loading hay. Twenty-eight notices of final proof on timber-land claims are running in the Winlock Pilot. The West Virginia colony recently arrived at Chehalis will settle in the Big Bottom country. Blaine's school funds have given out and money to run the schools is being raised by subscription. Funds have given out for the two bridges Snohomish county is building over the Stillaguamish. The hop crop of the Bishop ranch near Chimacum has gone East. It will bring about $5,000. Six carloads of canned salmon have arrived at Fairhaven from Vancouver for shipment to London. Hundreds of wild geese are feeding in the grain fields in the vicinity of Lake, in Asotin county. The new courthouse in course of construction at Mount Vernon has been insured for $10,000. An Ocosta hen moved to Montesano on the cowcatcher of an engine and has located permanently. William Phillips, under bonds at Chehalis for assault, has fled and left his bondsmen in the lurch. W. F. Thompson, of the late lamented Westport World, will start a weekly paper at Sprague. E. J. St. Louis was discharged at Everett for assault on his sister, and held for incest in $1,000 bonds. it J. H. Coblentz has been elected 0 Warden of the State Penitentiary to succeed J. A. McLeod, resigned. d d Toledo United Workmen had swell celebration of the third an- a le niversary of the lodge's formation. John Uphouse, of Sedro, is said to it have discovered asbestos deposits of considerable richness and extent. a The Bellingham Bay & Eastern railroad is bringing in about 20 carloads of logs daily from
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Brief Tacoma News. TACOMA, Oct. 25.-(Special.]-E. 8. Alexander has been appointed receiver for the Tacoma Box Company. The Tacoma National bank, under an arrangement with its depositors, will open its doors again on November 1. Dr. W. H. Fox, who was in charge of the pest house summer before last during the smallpox epidemic, has been married in Chicago. The Tacoma Lumber and Manufactur. ing Company has appealed from Judge Stallcup's decision placing a receiver in charge of its property. Reina Sorenson was committed to the Steilacoom asylum today by Judge Parker, She is suffering from suicidal mania, and has been in the asylum before, C. D. Ball has bought the Sunday Herald from Hal Hoffman. The court-martial which was to try four members of Company C, First regiment, N. G. W., adjourned again tonight till Friday evening at 8 o'clock. This action was necessitated by the absence of two of the officers.
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A BANK TO RESUME. Tacoma, Dec. 2.-The Tacoma National Bank, which suspended four months ago, will resume on Monday.
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The Tacoma national bank which suspended business the 24th of July last, opened up all right last Monday morning, which shows a tendency to better times on the Sound.
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CLOSED ITS DOORS. The Tacoma National Bank Suspends for the Second Time. TACOMA, Dec. - The Tacoma National Bank, which closed its doors during the panic of July 22, 1893, and reopened on December 5th, closed again to-day. Its suspension has been anticipated for some past, as since its reopening its statements have shown no increase of business. The officers hope the Comptroller will permit it to go into liquidation. At the time of the Baring failure its deposits amounted to $1,250,000. When it suspended in 1893 its liabilities had been reduced to $510,000. When it closed to-day its deposits amounted to only $116,000. Its total liabilities are only a little over $200,000. Its assets are figured at $510,000.
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Tacoma National Bank. TACOMA, WASH., Dec. 3.-The Tacoma National Bank closed its doors this morning. The cashier posted a notice stating that the institution was going into liquidation. The bank suspended payment during the panic last year, and resumed after doubling its capital to $200,000. W. B. Blackwell, president of the bank, is at present at Philadelphia.
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CLOSED THE DOORS. TACOMA, Wash., Dec. 3.-The Tacoma National bank closed its doors this morning, the cashier's notice stating that the institution was going into liquidation. The bank suspended payment during the pawic last year, and resumed after doubling its capital to $200,000. W. B. Blackwell, the president of the bank, is at present in Philadelphia.
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UPHILL STRUGGLE. The Tacoma National Bank Again Closes Its Doors. TACOMA, Wash., Dec. 3.-The Tacoma National bank, which closed its doors during the panic on July 22, 1893, and reopened on December 6tb, closed again today. Its suspension had been anticipated for soine time past, as since its reopening its statements have shown no increase in business. The officers hope the comptroller will permit it to go into liquidation. At the time of the Baring failure its deposits amounted to $1,250,000. When it suspended in 1893 its liabilities had been reduced to $510,000. When it closed today ite depoeite amounted to only $216,000. Its total liabilities are only a little over $250,000. Its assets are figured at $510,000.
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Tacoma Bank Closes. TACOMA, WASH., December 3.-The Tacoma National Bank closed its doors this morning, the cashier's notice stating that the institution was going into liquidation. The bank suspended payment during the panic last year, and resumed after doubling its capital to $200,000. W. B. Blackwell, the president of the bank, is at present in Philadelphia.
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gineer of the Northern Pacific railroad, has been appointed receiver of the Tacoma Na tional bank. There were numerous appli cants for the appointment, which Anderson is credited with obtaining through influential connections at Washington.
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DOMESTIC DOTS, Newsy Notes from All Portions of the Land Over Which the Stars and Stripes Wave. Stamford, Conn., Dec. 15.-Dr. John Lord, the well-known historian and lecturer on historical subjects, died here today. New York, Dec. 15.-Mrs. Sarah Agnes Havemeyer, widow of William F. Havemeyer, at one time mayor of New York, died today, aged 88. Nashua, N. H., Dec. 15.-It is stated today by a gentleman closely connected with the affairs of the Indian Head National bank, that Cashier McKevin's defalcation promises to reach $100,000. Chicago, Dec. 15.-Charles S. Purrington, president of the Purington Brick company, is missing. His' father-in-law, T. S. Dobbins, who was his business associate, charges him with misappropriating $40,000 of the firm's money. New York, Dec. 15.-John Hall and his wife Mary, actors in a small way, were found dead in bed today. The husband returned home late last night, carelessly threw his necktie on the gas jet, which turned the gas on. They were asphyxiated. Greenville, Tenn., Dec. 15.-On the outskirts of Greenville late yesterday afternoon two masked men held up Smithe Taylor and compelled him to hand over $2,000 which had been paid him at the bank a short 'time before for a plantation. Washington, Dec. 15.-Representative Wilson of Washington, has introduced a bill for the establishment of a military post at Spokane, in accordance with the recommendations of General Otis and the war depatment. It provides that 1,000 acres must be provided by the city of Spokane. Washington, Dec. 13.-A satisfactory settlement between the striking drivers and conductors and officers of the Metropolitan Street Railway company having been arranged last night, the men returned to work today. The settlement, though involving reduced pay, also provides for shorter hours, and the men regard it as a victory. Tacoma, Wash., Dec. 15.-Philip P. Anderson, son of the late General Anderson, chief engineer of the Northern Pacific railroad, has been appointed receiver of the Tacoma National bank. There were numerous applicants for the appointment, which Anderson is credited with obtaining through influence at Washington. Nashville, Tenn., Dec. 15.-At White Creek turnpike, three unknown men rode through the toll gate, refusing to pay tolls and intimidating the keeper, who, after they left, swore out warrants before Squire H. M. Wilkerson for their arrest. The justice and Constable E. D. Manlove went in pursuit and a battle ensued in which Manlove was shot dead and a man named Vester badly woun'ded. One of the unknown men was also injured. Philadelphia, Dec. 15.-The new building of the Philadelphia Inquirer at No. 116 Market street, was dedicated today with an elaborate reception, to which 3,000 invitations were issued. The new edifice is beyond doubt one of the most completely equipped and finished newspaper buildings in the United States. It is six stories high with a basement and sub-basement and has a depth of 187 feet. The Inquirer is owned and published by James Elverson, and its manager is his son, James Elverson, jr. It employs 233 persons.
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Brief Tacoma News. Tacoma, June 14.-Special.-A reception will be tendered Capt. Thomas G. Lawlew, commander-in-chief of the G. A. R., at Custer Post hall, tomorrow evening. The receiver of the Tacoma National bank, acting under instructions from the comptroller of the currency, has brought suit in the Federal court against five of the stockholders of the bank to compel them to pay an assessment of $65 a share. The amount sued for is $13,325. Parker & Williamson are acting as attorneys for the receiver. Senator John H. Mitchell, of Oregon, arrived in town last evening via the Northern Pacific railway, and is en route to Portland. He remained over here to visit his daughter, Mrs. W. O. Chapman. Senator Mitchell left Washington City on June 3, and has made several short stops on his trip homeward.
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Tacoma Business Troubles. Tacoma, Aug. 14.-Special.-L. N. Hansen was today appointed receiver of the Pacific Supply Company on the suit of John Masury & Co. P. V. Anderson, receiver of the Tacoma National bank, secured a temporary injunction today, restraining the Meridian Brick Works and others from disposing of certain of their machinery, pending the foreclosure of a trust deed which the bank is prosecuting.
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Washington, D.C., Oct. 2.-The reports of business improvement and activity in masufacturing and commercial lines which have come to the front since the enactment of the Dingley law has suggested to somebody with a good memory a comparison of present conditions with those ot the corresponding dates in the first year of the Cleveland administration. It is a curious fact that the enactment of the Wilson law came at just about a corresponding period with the meeting of the free-trade Congress in the first year of Ceveland's second term, [and that it is therefore possible to contrast business conditions under the shadow of approaching free trade with the business condition in the sunshine of returning protection. This comparison is startling. This period covered in the comparison of the two months since the final action upon the Dingley bill compared with the corresponding two months in the Cleveland term. or from July 24 to Seteraber 24, 1893, contrasted with July 24 to Setember 24, 1897. Here is the contrast; it is well worth laying for reference: Week ending July 24, 1893-Failure of Bozeman. Montana, national bank. Four Denver banks closed their doors. Bank suspensions in other Western cities. Two bank failures in Milwaukee, and runs on numerous other banks. Commercial Bank of Denver fails; capital, $250,000. Bank failures At Vernon, Tex., and Knoxville, Tenn.; capital. $200,000. Failure of Tacoma (Wash.) National Bank; capital, $200,000; also failures of banks at Great Falls. Mont., and Orladno, Fla. ; capital, $200,000. Suspension of work in manufactories reported from all sections. Week ending August 1, 1893,-National banks at Manchester, N.H., and Indianapolis, Ind fail; capital $500,000. Failure of First National Bank at Spokane, Wash. ; capital, 2500,000. Ten banks sus pended in one dav (July 27) capital, $2,000,000. Bank failures in South Dakota. Montana, Illinois, Kansas, Texas, Washington, New Hampshire, and correspendingly large number of business suspensions. Week ending August 8, 1893-Collapse of Chicago provision deal and many failures of commision houses. Failure of National Bank of El Paso, Texas. Failure of National Bank of San Antono, Texas. Failure of National Bank of Mounce, Ind. LIIId Congress meets in special session to begin its destruction of the McKinley law. Week ending August 28, 1893-Encounter between the Anarchists and Soeialists averted by New York police. Failure of National Bank at Hindman, Pa. Failure of National Bank at Tacoma, Wash. Suspension of manufacturing establishments in numerous states. Announcement by controller of the currency that 155 national banks and 560 private banks had failed during the year ending August 28. Railroad receivers appointed during August for Northern Pacific, Pt itadelphia & Reading, New England and Pittsburg, Akron & Western. September-Railroad receivers appointed for Wisconsin Central. Chicogo, Peoria & St. Louis, Cleveland, Canton & Southern. Evansville & Terre Haute railroads. The mileage of roads placed in the hands of receivers during the year 1893 was 25,375, nearly one-seventh of all the lines in the United States, and their indebtedness $1,212,217,033. During the year there were 16,115 mercantile suspensions, involving liabilities amounting to $346 779,889. During the bank suspensions of July loans were made on call at the New York Stock Exchange as high as 72 per cent. The following statements of revival of manufacturing industries during the sixty days following the enactment of the Dingley law. the period corresponding with the similar dates in the first year of Cleveland's second term, show the contrast between present conditions and those of the corresponding months of the preceding adminisration. The statements which follow are from "Brad street's:' Week ending July 24, 1897-Twenty thousand workmen resumed work in iron and steel industries. Bigelow Carpet Company, at Clinton, Mass. resumes
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SOME COMPARISONS OFFICIAL REPORTS SHOW THE DIFFERENCE IN THE TIMES. Under the First 60 Days of the Cleve. land-Wilson Low Tariff the Country Was in a Panic-Under the McKinleyDingley Tariff the Country Confident. E. F. PARSONS, Special Correspondent. Washington, D. C.-The close of the first sixty days of the operations of the new tariff law and the business improvements which are visible in every direction during that time have suggested a comparison of the conditions during the two months in question with those of the corresponding date in the first year of the Cleveland administration, during which time the free trade congress, elected with President Cleveland, was just beginning its attack upon the protective system which the Dingley law sixty days ago re-established. The two periods from July 24 to September 24 in the years 1893 and 1897, respectively, present a marked contrast -Bod St 1! pus conditions business 01 SE sible to obtain from government records some data bearing upon this subject and now especially interesting. The following data gathered from official reports presents a picture of the sixty-day period of the year 1893 with which the two months just ended correspond both as to the portion of the year and the period of the presidential administration and also proximity to tariff legislation: Week ending July 24, 1893-Failure of Bozeman, Mont., National Bank; four Denver banks closed their doors; bank suspensions in other western cities; two bank failures in Milwankee and runs on numerous other banks; Commercial Bank of Denver fails, capital $250,000; bank failures at Vernon, Texas, and Knoxville, Tenn., capital $200,000; failure of Tacoma, Wash., National Bank, capital $200,000; also failures of banks at Great Falls, Mont., and Orlando, Fla., capital $200,000; suspension of work in manufactories reported from all sections. Week ending August 1,1893-Nation-uI pus "H N Manohester 18 queq 18 dianapolis, Ind., fail, epaital $500,000; failure of First National Bank at Spokane, Wash., capital $250,000; ten banks suspend in one day (July 27), capital $2,000,000; bank failures in South Dakota, Montana, Illinois, Kansas, Texas, Washington, New Hampshire, and correspondingly large number of business suspensions. Week ending August 8, 1893-Collapse of Chicago Provision Deal and many failures of commission houses; failure of National bank of El Paso, Texas; failure of National bank of San Antonio, Texas; failure of National bank of Muncie, Ind; fifty-third congress meets in special session to begin its destruction of the McKinley law. Week ending August 28, 1893-Encounter between the anarchists and socialists averted by New York police; meeting of anarchists broken up by New York police; failure of National bank at Hindman, Pa.; failure of National bank at Tacoma, Wash., suspension of manufacturing establishments in numerous states; announcement by comptroller of the currency that 155 National banks and 560 private banks had failed during the year tnding August 28; railroad receivers apppointed during August for Northern Pacific, Philadelphia & Reading, New England and Pittsburg, Akron & West"ure September-Railroad receivers