19741. South Side Savings Bank (Milwaukee, WI)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
savings bank
Start Date
June 5, 1893
Location
Milwaukee, Wisconsin (43.039, -87.906)

Metadata

Model
gpt-5-mini
Short Digest
818f7aa314f83776

Response Measures

None

Description

Contemporary articles report a run beginning June 5, 1893, tied to nervousness after other Milwaukee bank failures (Plankinton, Lappen, F. T. Day). The bank later closed/ suspended in late July 1893 (reported July 22–25), cashier J. B. Koetting disappeared and receiver Barth was later appointed; substantial embezzlement by the cashier was discovered and officers were indicted. I corrected minor OCR variants (e.g., Southside/South Side) and used article dates to infer event dates.

Events (3)
1. June 5, 1893 Run
Cause
Local Banks
Cause Details
Nervousness of small depositors increased by the failure(s) of Frank A. Lappen & Co., the Plankinton Bank and F. T. Day; runs on other local banks.
Measures
Wealthy local men (Captain Pabst, August Niblein, Val Blatz, Mrs. Emil Schandein and later other guarantors) guaranteed payment of deposits to allay panic; officers expressed confidence.
Newspaper Excerpt
A run is now in progress on the South Side Savings Bank.
Source
newspapers
2. July 22, 1893 Suspension
Cause
Local Banks
Cause Details
Continued heavy withdrawals and runs triggered by earlier bank failures and loss of depositor confidence; officials decided to 'suspend without further delay' as collections were light and withdrawals large.
Newspaper Excerpt
The South Side Savings bank did not open its doors this morning. The South Side Savings bank opened as usual this morning, but closed its doors at 10:30.
Source
newspapers
3. July 25, 1893 Receivership
Newspaper Excerpt
John A. Koetting, cashier of the defunct South Side Savings bank, has mysteriously disappeared. The grand jury has been called to investigate the South Side Savings bank failure. Receiver Barth says $139,000 disappeared... receiver of the failed South Side Savings Bank estimates that Cashier Koetting squandered $139,000 of the bank's money.
Source
newspapers

Newspaper Articles (24)
1. June 6, 1893 Grand Rapids Herald Grand Rapids, MI
Article from Grand Rapids Herald, June 6, 1893

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BETTER FEELING AT MILWAUKE A Special Jury to Investigate the Plankinton Bank Failure MILWAUKEE June 5.-The situation at the banks today is about the same as at the close of business on Saturday. There was a run of small depositors on the South Side Savings bank. but the nervousness of depositors was allayed by the announcement that Captain Fred Pabat. August Niblein, Val Blatz and Mrs. Emil Schandein had guaranteed the payment of all the money deposited in the bank Judge Wallber of the municipal court has given discussion of the Lappen failure and the suspension of the Plankinten bank a fresh start by announcing that be will call a grand jury to investigate the dealings of the firm with the stranded bank.

2. June 6, 1893 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, June 6, 1893

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STILL THEY GO. More Private Banks and Mercantile Firms Go to the Wall. CHICAGO, June 6.-Meadowcraft Bros. & Co., private bankers, doing a commission paper business similar to that of Herman Schaffner & Co., the banking firm which made an assignment on Saturday, closed their doors yesterday. The assets and liabilities are not stated. The concern is one of the oldest in the city. Kansas City, Mo.-The Kansas Grain company, which claims to be the greatest buyer of grain from producers in the world, has failed. The assets and liabilities will each be large. The company has elevators in towns and cities in Kansas representing an investment of $150,000. All of these elevators contain more or less grain. The company was incorporated some five years ago with a capital stock of $50,000. The cause of the failure as stated by the officers here is the tight money market. Chicago.-Weissenbach & Co., clothing dealers, failed to-day. Liabilities, $75,000; assets, $50,000. Milwaukee.-The - failure of Frank A. Lappen & Co. and the Plankinton bank will be investigated by A grand jury. A run is now in progress on the South or Side ple block Savings the bank. side-walk Some in 200 front 300 of peo- the bank, but everything is quiet and orderly. There is a slight run on the Second Ward bank, but the demand on the Commercial bank seems to have subsided. Sandusky, Ohio.-The doors of the Sandusky Savings Bank company, which closed Saturday night upon what was generally supposed to be one of the soundest and safest institutions of the city, failed to open yesterday. The trouble is ascribed directed to the heavy though groudless run that was made on the bank some weeks ago, and which it stood manfully at the time, paying out upward of $60,000 within two days, when the run ceased as suddenly as it had begun. The available assets of the bank will aggregate fully $300,000, while the liabilities, at an outside estimate, are only $250,000, and it was ior that reason that an assignment was decided upon rather than a receivership.

3. June 6, 1893 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, June 6, 1893

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SITUATION AT MILWAUKEE. Business Men Not Alarmed at the Flurry. The Panic Among Small Depositors. MILWAUKEE, WIS., June 5.-A run is now in progress on the South Side Savings Bank. There is a slight run on the Second Ward Bank, but the demand on the Commercial Bank seems to have subsided. Affairs at other banks are about in their normal condition. The failure of F. T. Day, late on Saturday seems to have increased the nervous fears of small depositors. Business men are not in the least alarmed at the situation, and predict that the flurry will end in a day or two, unless it is aggravated by more failures. The failures of Frank A. Lappen & Co. and the Plankinton Bank will be investigated by the grand jury. The grand jury called to investigate the matter of the recent affairs convened late this forenoon and Judge Wallber delivered his charge. He spoke about the firms and then read sections of the statutes referring to the obtaining of credit by false statements and to the acceptance of deposits when bank officials know that the bank is not in a sound condition. The first section, the court stated, referred to the Lappen matter, and the other to the Plankinton Bank. The action of Judge Wellber has created a sensation.

4. June 6, 1893 The Times Richmond, VA
Article from The Times, June 6, 1893

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one of Welsebach's stores on a bill of sale. E. A. Armstrong & Co., dealers in uniforms, made a voluntary assignment this morning; assets are stated to be $275,000; liabilities $105,000. The firm for twenty years has been manufacturer and dealer in uniforms, regalla, society and church goods In this city and Detroit. The assignment was precipitated by an attachment suit filed in the superior court by E. Sawyer for $5,000 for merchandise claim. In the absence of the members of the firm Saturday evening the sheriff took possession of the store and held it till this morning, when the attachment suit was satisfied and a stipulation to that effect filed in the superior court. The news of the filing of the suit had gone abroad, and attachments were threatened from all the creditors. To avoid that contingency and to save themselves and all their creditors they made a voluntary assignment, which they expect will be temporary only. A Savings Bank Assigns. SANDUSKY, O., June 5.--The doors of the Sandusky Savings Bank, which closed Saturday upon what was generally supposed to be one of the soundest and safest institutions of the city, were not opened this morning, but displayed the following announcement: "Owing to inability to realize upon assets at this time, this bank has been compelled to assign. All depositors will be paid in full." The present trouble is ascribed directly to the heavy, though groundless, run that was made on the bank about ten weeks ago, and which it withstood successfully at that time, paying out $60,000 within two days, when the run ceased as suddenIy as it had begun. This drain upon its immediate available resources handicapped the bank seriously, although it has been doing as much or more business since the flurry than before, such confidence did the people, especially the business community, have in its stability. Some heavy demands upon it during the closing days of last week, however, precipitated the crisis this time. Runs on Milwaukee Banks. MILWAUKEE, June 5.-Runs were started to-day on the Second Ward Bank and Southside Savings Bank, but neither of them assumed very serious proportions. The failure of F. T. Day Plankington Bank seems to have increased the nervous fears of small depositors. Business men are not in the leat alarmed at the situation, and predict that the flurry will end in a day or two unless it is aggravated by more failures. This, however, did not allay the apprehensions of those outside, and for a while the crush was intensified. The bank officials did not seem to be in the least alarmed The officers and directors of the bank are all wealthy Germans. Herman Felsenthal is president and Jacob Gross vice-president. It has a capital of half a million dollars. Its table report made to the State auditor on May 10th showed deposits of $1,200,000. The appearance of the crowd during the run indicated that the depositors were largely of small or limited means. Fully 20 per cent. were women. A run was also started on the Dime Savings Bank, at 104 Washington street, this afternoon. This institution has deposits aggregating $600,000, and among its directors are Colonel Robert C. Clowry, vice-president of the Western Union Telegraph Company and ex-Senator C. B. Farwell. President Bailey of the bank says he has a dollar and a half for every dollar deposited, but the greater part of the money is tied up in securities. He does not know how long the bank can stand the run, but expects to pull through The bank has a capital stock of $100,000 and a surplus of $50,000. There was a run on the Hibernian Bank, one of the largest saving institutions in the country. Depositors were paid off at the rate of three a minute. The deposits amount to $3,500,000 and the officers of the bank believe they can stand the run. A run on the Prairie State Savings Bank, which started Saturday, was resumed this morning. The officers are confident that they have ample means available to meet all demands from depositors. The bank's business is practically confined to the west side.

5. June 6, 1893 The Morning News Savannah, GA
Article from The Morning News, June 6, 1893

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A Run on a Milwaukee Bank. Milwaukee, Wis., June 5.-There was a slight run on the South Side Savings Bank this morning. It was a sort of hold over from Saturday. By noon, however, whatever slight excitement there was had subsided.

6. June 6, 1893 New-York Tribune New York, NY
Article from New-York Tribune, June 6, 1893

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NERVOUS DEPOSITORS IN MILWAUKEE. Milwaukee, June 5.-A run was in progress to-day on the South Side Savings Bank. Some 200 or 300 people block the sidewalk in front of the bank, but everything is quiet and orderly. There is A slight run on the Second Ward Bank, but the demand on the Commercial Bank seems to have subsided. Affairs at other banks are about in their normal condition. The fatlare of F. T. Day. late on Saturday. seems to have increased the nervous fears of small depositors. Business men are not In the least alarmed at the situation and predict that the Hurry will end in a day or two. unless It is aggravated by more failures.

7. June 8, 1893 Echo De L'ouest Minneapolis, MN
Article from Echo De L'ouest, June 8, 1893

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FAILLITES DE BANQUES L "Exchange Bank" de Glad stone, Mich., a fait faillite. C'est une conséquence de la faillite d6 la "Plankinton BaLk" de Mi'waukee. MM, SAuger, Moody et Steel de Jolliet, Ill., ont fait faillite. La "Patt r's Bak" one des plus vieilles banques du comté de Paulding, Ohio, viont de fermer ses portes. Elle avait été établie en 1874 et faisait des affairea considérables. MM Ch-vraton, Martin et Cie banquiers avenue Ogden à Chra go viennent de déposer leur bilan Passif 100.000 dollare. Lq "Merchants National Bank," la plus vieille de Tacoma, Wash., a suspendu BEB paremente. Son capital était de $250,000. La Plankin'on Bai k" de Mil waukee, a fait failli'e. MM. Hermann, Schaffner et Cie banquiers de Chicago ont déposé leur bilan On dit que Schaffner B'est suicidé. La "Bank of Beresford," S. D vient de fermer ses portes. A sa tête se trouvait A. A. Amee. La "Sandusky Savings Bank Company" de S ndueky O. a suspendu 803 paiements. La "M rchants National Bank" de Fort Wo th Texas, à fermé ses portes. La "Canyon Bank" de Spokane à fait faillite. -MM. Madowaraft frères, banquiers de Chicago, ont déposé leur bilan. A Milwaukee la "South Side Savinga Bauk" et la "Second Ward Bank" sont sur le point de suivre l'exemple d - 8 banques BUB nommée3. Il en est de meme de la "Illinois Trust & Savings Bank of Chica go."

8. July 23, 1893 The Morning News Savannah, GA
Article from The Morning News, July 23, 1893

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MILWAUKEE'S BANKS. A Couple of Failures and a Heavy Run on Others. Milwaukee, Wis., July 22.-Reports sent out from this city to the effect that the German American Bank had succumbed to a run was without foundation. The German American is exceptionally sound and it has experienced no run whatever. It could not be better prepared than it is to meet a run. The false report concerning it was due to the failure of another southside bank. The Milwaukee National bank closed its doors this morning, The South Side Savings bank did not open its doors this morning. There was a heavy run on the German American and Merchants' Exchange banks.

9. July 23, 1893 Fort Worth Gazette Fort Worth, TX
Article from Fort Worth Gazette, July 23, 1893

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BUSINESS. Milwaukee Banks. MILWAUKEE, Wis., July 22.-The Milwaukee National bank failed to open its doors this morning, and runs immediately began upon other leading banks in the city. The report of the condition of the bank made July 12, showed resources, including loans and discounts, of $1,404,341.78 and a total of $1,965,385.76. Liabilities, including the capital stock of $250,000, and surplus of $250,000; undivided profits, $99.439.32; individual deposits subject to check, $413,836.72. and demand certificates of deposits of $310,161.55; or a total of $1,965,385.76. George H. Noyes is president of the bank, and J. McClure cashier. The South Side Savings bank opened as usual this morning, but closed its doors at 10:30. The report of the bank made the first Wednesday of this month shows resources, total, $1,158,905.17. with Habilities including capital stock of $100,000: undivided profits, $12,500; due depositors on demand, $286,012.46: due depositors on time, $733,452.71. or a total of $1,158,965.17. G. C. Trumpf is president, and J. B. Koetting, cashier. The crowds at the several banks increased in consequence of the spread of the news that the South Side Savings bank and the Milwaukee National bank had failed. The run on the Merchants' Exchange bank was the heaviest, but the crowd at the Second Ward bank was nearly as large. The Merchants' Exchange bank paid out money freely and the officers are confident they will be able to meet every demand. Depositors in the Second Ward bank are mainly German working men, who seem to have become panic-stricken despite the fact the bank is backed by Milwankee's wealthy brewers, who have given their personal guarantee for everything the bank contains. President Trumpf of the South Side Savings bank says the depositors have been toaking very large withdrawals during the past month. while collections have been small and deposits Hght. The officials and directors décided they could not do business long under the circumstances and concluded, in the interest of their patrons and themselves. that it would ba better to suspend without further delay. The run on the Merchants' Exchange bank subsided in consequence of the posting of a guarantee signed by Charles Pfister, the Vogels, John Black, Julius Goll and other wealthy stockholders. A repetition of the guarantee made at the time of the Plankinton bank failure by Captain Pabst and other brewers was made at the Second Ward Savnies bank. The crisis is now doubtless passed in Milwankee, as today's failures cleared the air of all menace for some time to come.

10. July 26, 1893 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, July 26, 1893

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Closed to Gain Time. MILWAUKEE, Wis., July 25.-The Wisconsin Fire and Marine Insurance Bank has closed its doors. The last statement of the Fire and Marine bank rendered on the first of the month gave the total liabilities at $8,946,344. Cashier Murphy has made the following statement: "We have been subjected to a constant drain for some time, and have realized on every asset on which the bank could get money on short notice. "We felt that under existing circumstances it was only a question of time when suspension would inevitably come and therefore decided to close. This bank is not insolvent by any means and only` time is needed to realize enough money to meet every liability." Cashier and Ledger Missing. MILWAUKEE, July 25. - John A. Koetting, cashier of the defunct South Side Savings bank, has disappeared from the

11. July 26, 1893 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, July 26, 1893

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ABBREVIATED TELEGRAMS. A Georgia delegate to the Monona lake assembly advocates settling the race problem by establishing a separate state for negroes. Obituary: At Lake Geneva, Wis., Arthur Kaye, proprietor of Kaye's Park hotel. At Ottawa, Ont., Christopher S. Patterson, supreme court judge, aged 70. A New York report says that Grand Master Workman Powderly, of the Knights of Labor, has resigned, and that James J. Linehan, president of the Trade and Labor Assembly of Chicago, is likely to be his successor. Nicaraguan revolutionists have shelled the city of Ma: agua. Two persons were killed and many buildings damaged. United States Minister Baker and representatives of other foreign powers have sent a formal protest to the revolutionary junta. A genuine volcano is reported to have been discovered four miles south of Ponca, Neb. The Plainview (Neb.) State bank, which was burglarized of $3,000 in cash Sunday night has suspended. A cyclone at Cale, I. destroyed a number of buildings and ruined crops. John B. Koetting, cashier of the South Side Savings bank at Milwaukee, which failed Saturday, has mysteriously disappeared. The National Bank of the Commonwealth and the Bank of New England at Manchester, N. H., have suspended. The Ohio Transfer and Storage company's building at Columbus, 0., were burned, causing a loss of $300,000. By the bursting of a boiler the flouring mill of Kenny & Newgard at Hawarden, Ia., was wrecked, entailing a loss of $3,000, not covered by insurance. Frank Chapman, engineer, was seriously injured. The contract for building the Milwaukee city hall has been let to Paul Riesen for $696,348. The convention of Christian Endeavor at Montreal cost the local committee over $100,000, and claims are accumulating in excess of that amount Russian crop prospects have greatly improved. A fairly large yield is now expected, especially of rye, the chief breadstuff of the nation. Statistics gathered by the German imperial commission on labor show that in many parts of the empire the duration of work exceeds fifteen hours daily. The Merchants' National and Louisville Deposit banks, at Louisville, have suspended. This makes four Louisville banks that have collapsed in the last three days. Depositors will lose nothing. Simmons Liver Regulator, bear in mind, is ot an experiment. It is endorsed by thousands

12. July 27, 1893 River Falls Journal River Falls, WI
Article from River Falls Journal, July 27, 1893

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and the Traders' at Tacomah Falls, Wash. The First national at San Bernardino, Cal., resumed business, as did also the Second national at Ashland, Ky. THE death of James D. Rawlins, a veteran of the Blackhawk war of 1832, and father of the distinguished Gen. John A. Rawlins, chief of staff to Gen. Grant, died at Guilford, 111., aged 92 years. *THE three sons of Frank Lundgren, of Geneseo, III., aged respectively 15, 20 and 22, were drowned in Green river by the capsizing of a boat. FOUR soldiers were killed and six outlaws were mortally wounded during a fight in Wise county, Va., between state troops and outlaws. FOR not working out his poll tax M. J. Dowling, editor of the Star at Benville, Minn., a man with neither legs nor hands, was arrested by order of the village council. FIRE swept away the entire business portion of Edgerton, O., a town of 1,200 inhabitants, the loss being $100,000. A LAWSUIT caused W. R. Shoemaker, of Metropolis, III., to kill George and Richard Lukens and then commit suicide. IN Cincinnati defective sewerage was causing a dangerous landslide and many houses had already been completely wrecked. IN Detroit Mascot defeated Hal Pointer and Flying Jib, pacing five heats in less than 2:08 and breaking the world's record. A MOB in Lafayette county, Fla., hanged a negro who assaulted and murdered the 9-year-old daughter of Carr Elliott. FLAMES burned a block at Paulding, O., and part of another, causing a loss of $200,000. THE death of Gen. William Vandever occurred at his residence in Ventura, Cal., aged 76 years. He was elected to congress from Iowa in 1858 and reelected in 1860, but resigned his seat to enter the army. Ex-Gov. GEORGE C. PERKINS, of San Francisco, has been appointed United States senator to succeed the late Leland Stanford. A MOB lynched Lee Walker, a negro who assaulted Miss Mollie McCadden (white) and four colored girls at Memphis, Tenn., and then his body was burned. WHILE temporarily insane Allen E. Jones, aged 40 years, living near Texarkana, Ark., beat out the brains of his wife and three children with an ax and then hanged himself. Two SISTERS named Plant, of Nuncia, Mich., arrived at the world's fair grounds, after walking all the way from Muskegon, Mich., 220 miles. The journey was made in ten days. A FIRE in the Keifer building in New Orleans caused a loss of $100,000 and J. E. McDonald, a fireman, was suffocated. C. W. DE Pauw, the millionaire manufacturer at New Albany, Ind., made an assignment with liabilities of $400,000. IN Detroit Frank Waller, of Indiana, broke the 25-mile bicycle record, making the distance in 1 hour 6 minutes and 10 seconds. IN San Francisco ground will be broken this week for the California Midwinter exposition which is to follow the world's fair. IN the records of the state auditor of Kansas an apparent shortage of $36,000 was discovered in connection with the sale of public school lands. THE Milwaukee national and the South Sidesavings banks in Milwaukee closed their doors, and the State na tional bank at Knoxville, Tenn., and First national at Russell, Kan., were forced to suspend. THE world's fair gates were closed OL Sunday. THE sawmill owned by Duncan Bremer & Co. at Duluth, Minn., was burned, causing a loss of $100,000. MRS. McDoNALD and her two chil-

13. July 27, 1893 The Evening Herald Shenandoah, PA
Article from The Evening Herald, July 27, 1893

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Cashier Koetting Still Missing. Milwaukee, July 27.-Cashier Koetting, of the suspended South Side Savings bank, who disappeared last week, has not been heard from. Mr. Koetting, as executor of various estates, had in his possession belonging to heirs over £100,000 in money and property.

14. July 28, 1893 The Times Owosso, MI
Article from The Times, July 28, 1893

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resumed business, as did also the Second national at Ashland, Ky. By an explosion of dynamite in a shanty in Minneapolis Gus Olson was blown into fragments. MISSES ELIZABETH WALTERS and Mabel Hallett, of New York city, were drowned while bathing in the surf at Shell Bank, Long Island. W. R. SHOEMAKER, of Metropolis, Ill., killed George and Richard Lukens and then committed suicide. A lawsuit caused it. MASCOT defeated Hal Pointer and Flying Jib at Detroit, pacing five heats in less than 2:08 and breaking the world's record. A NEGRO who assaulted and murdered the 9-year-old daughter of Carr Elliott in Lafayette county, Fla., was hanged by a mob. REV. GEORGE STOCKING, of Leavittsburg, O., who was suffering from poor health, ended his misery by cutting his throat. WILLIAM NAPIER and family, of Columbus, O., were badly poisoned by eating cabbage on which paris green had been spread. DEFECTIVE sewerage was causing a dangerous landslide in Cincinnati and many houses had already been completely wrecked. A CARELESS cigarette smoker started a fire in Little Goose Canon, Wyo., and much valuable timber was destroyed. OFFICERS of the revenue cutter Rush report the discovery of an active volcano near Cape St. John, Alaska. MRS. VANERSCHEK, a farmer's lfe at Rutledge, Minn., was held up by two masked men and robbed of $400. AN explosion in a coal mine at Edwardsville, Pa.., fatally injured William Jones, Martin Brennan, B. Wilson and Patrick Malai. THE American line steamship Paris made the run from Southampton to New York in 6 days 9 hours and 30 minutes, breaking all previous records. THE percentages of the baseball clubs in the National league for the week ended on the 22d were as follows: Philadelphia, .649; Boston. .639; Pittsburgh, 576; Cleveland, .568; Brooklyn, .464 Checknate 124 Ballimore. $209' Chic. ......................... New '894' Inois's 7S Tousis- :80F' .448 'O.Sto 'T98' FIRE burned one whole block at Paulding, O., and part of another, causing a loss of $200,000. AN unknown yacht was capsized east of Deer Island, Mass, and John W. Johnson, Albert T. Scott and Joseph Murphy were drowned. GEORGE BAGNELL, aged 71, and his grandson, aged 7, were drowned in Great South pond near Plymouth, Mass. THE gates of the world's fair were closed on Sunday. TRAMP miners from Colorado state that the suffering there is terrible, and that authorities are suppressing the facts. DUNCAN, BREMER & Co.'s sawmill at Duluth, Minn., burned, causing a loss of $100,000. MASKED men carried away Mrs. McDonald and her two children from a farmhouse near Fort Wayne, Ind. LUTIE LASELLE, of Seymour, Ind., an only daughter, 16 years of age, poisoned herself with arsenic rather than take a My By the recent assessment in Kansas the railroads in the state must pay $10,500,000 more than in 1892. AN apparent shortage of $36,000 was discovered in the records of the state auditor of Kansas in connection with the sale of public school lands. IN Milwaukee the Milwaukee national and the South Side savings bank closed their doors, and the State national bank at Knoxville, Tenn., and First national at Russell, Kan., were forced to suspend. FRANK WALLER, of Indiana, broke the 25-mile bicycle record, making the distance in Detroit in 1 hour 6 minutes and 10 seconds. GROUND will be broken in San Francisco this week for the California Midwinter exposition, which is to follow the world's fair. FLAMES in the Keifer building in New Orleans caused a loss of $100,000 and J. E. McDonald, a fireman, was suffocated. CHARLES W. DE PAUW, the millionaire manufacturer at New Albany, Ind., made an assignment with liabilities of $400,000. THE Misses Plant, of Nunica, Mich., arrived at the world's fair grounds, after walking all the way from Muskegon, Mich., 220 miles. The journey

15. August 4, 1893 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, August 4, 1893

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BUSINESS TROUBLES. Places at Which the Panic Got in Its Deadly Work Yesterday. BARLIN, Aug. 3.-The statement of the Imperial bank shows a decrease of 6,933.000 marks. STEVENS POINT. Wis.. Aug. 3.-The Commercial bank has failed. Assets,$200,000: liabilities. $100,000. WASHINGTON. Aug. 3.-The statement published that the First National bank of Nampa, Idaho, has failed 16 a mistake. There is no such bank. WOONSOCKET, R. I., Aug. --The plants of the Valley Falls company. making cotton dress goods here and at Valley Falls, running 2,000 looms, employing 750 hands, shut down indefinitely. MILWAUKEE, Aug. 3.-The grand jury has been called to investigate the South Side Savings bank failure. President Trumpff and Cashier Koetting are missing. The affairs of the bank are in bad shape. Depositors probably will lose everything. SAN FRANCISCO, Aug. 3. The Union Stock Yards company at Rodeo has suspended operations on account of the depressed financial condition. The plant is new and valuable. W. H. Silberkorn of Chicago is largely interested, also E. A. Hamms of Omaha. STAMFORD, Conn., Aug. 3.-The Yale and Towne Manufacturing company, manufacturers of Yale locks. hardware and hoisting machines, gave notice tonight of a reduction in wages and salaries of 10 per cent. during the continuance of the disturbance of business. NEW YORK. Aug. 3.-Henry Allen & Co., brokers. have announced that they intend to bring suit against the officers t of the National Cordage company and other members of the cordage pool for e whom they operated previous to the colI f lapse of the cordage company, and sensational developments are anticipated Papers have been prepared and the decisive steps will be taken in a day or two. 1" CHICAGO, Aug. Lazaras Silverman, a well-known private banker, has susy t pended. Liabilities, half a million: assets said to be greater; cash on band. $6,000. $ Silverman was one of the largest operad tors in the northwestern iron properties, y being interested to a considerable extent t with the Schlessinger syndicate. In the e absence of Silverman, a representative of the house claimed the embarrassment was only temporary. The deposits are $600,000, mostly by Hebrews engaged in small busie ness. The other liabilities are estimated e from $100,000 to $200,000. The assets have k a nominal value of $2,000,000, of which $700,000 is in real estate. KANSAS CITY. Aug. 3.-The assignees of the Kansas ity Safe Deposit and Say1. ings bank. which suspended three weeks of ago. flied an inventory of assets this afternoon. The total assets are $2,044,217. e Many of them. however, are real estate e paper of little value. The bank holds as 1. collateral the notes of Cashier Sattely. agis gregating $13,400. and notes endorsed by I Sattely to the amount of $19,200. The ind debtedness of H. P. Churchill, ex-presi1dent of the bank. amounts to $125,000. W.E. Winner. the promoter, who failed disastrously some three years ago, is indebted $33,200. There is an overdraft n standing against the Equitable Mortgage Y. company of New York for $22,000. Husted 0 Investment company of Kansas City, Kansas. and its officers owe the bank $65,000. ST. PAUL. Aug. 3.-The National Amerer ican bank of this city will not open its W doors for business to-morrow morning. a This step is rendered necessary by the steady drain upon its resources for sev-

16. August 4, 1893 New-York Tribune New York, NY
Article from New-York Tribune, August 4, 1893

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THE MILWAUKEE NATIONAL BANK SOLVENT. Milwaukee, Wis., Aug. 3.-Bank Examiner Lynch has finished his examination of the books of the Milwaukee National Bank of Wisconsin, and has forwarded his report to the Controller of the Currency. He says the bank is solvent. Mr. Lynch will remain in charge of the bank until It resumes or until it is put into the hands of a receiver for the winding up of its affairs. The Grand Jury was called to-day to investigate the South Side Savings Pank fullure. The president, G. C. Trumpff. and the cashier, J. B. Koetting, are missing. Affairs of the bank are In bad shape, and depositors will probably lose everything.

17. August 21, 1893 The Morning News Savannah, GA
Article from The Morning News, August 21, 1893

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SOUTHSIDE SAVINGS BANK. How Its Resources Were Squandered by Cashier Koeting. Milwaukee, Wis., Aug. 20.-The money of the Southside Savings Bank which John B. Koeting squandered while cashier went into deals on the board of trade. Receiver Barth says $139,000 disappeared in that way. Koeting dealt through Jacob Wurster,a commission man, and the latter, in cases of losses, drew on the bank, his checks being honored by Koeting. On the books it looked as if Mr. Wurster had overdrawn his account, whereas the transaction was simply a means of collecting Koeting's debts.

18. August 21, 1893 Evening Star Washington, DC
Article from Evening Star, August 21, 1893

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The Cashier to Blame. The receiver of the failed South Side Savings Bank of Milwaukee estimates that Cashier Koetting squandered $139,000 of the bank's money. Koetting lost the money speculating upon the board of trade. He dealt through Jacob Wurster, a commission man, and the latter, in case of losses, drew on the bank, his checks being honored by Koetting. On the books it looked as if Mr. Wurster had overdrawn his account. whereas the transaction was simply a means of collecting Koetting's debts.

19. October 12, 1893 Oxford Eagle Oxford, MS
Article from Oxford Eagle, October 12, 1893

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PERSONAL AND GENERAL. THE situation at Brunswick, Ga., on the night of the 2d, was worse than at any time since the outbreak of the yellow fever, if that were possible. Twelve new cases had developed up to 5 p. m. There were two new cases on St. Simon's island, off Brunswick and four at Jekyll island. The total number of cases reported since the epidemie began was 122. SECRETARY HESTER'S New Orleans cotton exchange statement, issued on the 3d. shows the smallest movement of cotton into sight for September since 1888, the total amounting to 505,249, against 506,178 last year, 832,317 the year before and 856,438 for September. 1890. A SOUTH-BOUND fast freight train on the Cleveland, Cincinnati, Chicago & St. Louis road ran into some heavily loaded flat cars which had been carelessly left by a local freight crew near Edgemont, O., on the 3d, causing an ugly wreck and killing two tramps and fatally injuring two others. JOHN B. KOETTING, cashier of the failed South Side savings bank of Milwaukee, under indictment for illegal banking, failed to appear in court on the 2d, and his bond of $15,000 was declared forfeited. Koetting was recently taken back from Denver, after much trouble, and put under bonds to appear. THE president and Mrs. Cleveland, Ruth and little Esther will become-comfortably settled in their beautiful country home in Woodley Lane, just outside of the city of Washington, within a few days. It is one of the finest locations in the District of Columbia. DORA PETERS, a 16-year-old girl living near Lafayette, Ind., committed suicide by hanging herself in a barn on the 1st. Her body was discovered on the morning of the 2d. She was a bright, vivacious girl and no reason can be given for her rash act. THE town of Baku, capital of the Russian government of that name on the west shore of the Caspian sea, has become practically bankrupt owing to the costly anti-cholera regulations enforced by the government. TELEGRAPHIC communication with the island of Santa Catharina, which is reported to have fallen into the hands of the insurgent Brazilians, has been suspended. Two men entered the depot at Divide, Col., on the evening of the 2d, and held up the agent and operator and robbed the office of $150. The robbers crawled through the ticket office window and used the agent's rifle, which stood ready for his use in anticipation of a possible attack. THE province of Santa Fe has been pacified, and the whole of the Argentine republic is now quiet. PAID admissions to the World's fair on the 5th were 154.755. PAID admissions to the World's fair on the 6th were 179.965. THE missing furs, valued at $10,000, stolen from the exhibit of Pavel Greenwaldt, of Russia, at the World's fair were found by a detective, on the 4th, nicely rolled up and placed in a chest found standing against a wall in Manufactures building. Five employes of the Russian section were arrested on suspicion of complicity in the theft. THE contract of Wells, Fargo & Co. with the Southern Express Co., will expire in little more than a month. Half a dozen express companies are preparing bids for the contract, among them the Adams Express Co. The Wells, Fargo Co. have for nearly half a century had the control of the business of the Pacific coast. THE Newshy infantry barracks at Roslavl, province of Smolensk, Russia, were burned on the night of the 4th. About 400 men ran out in their night clothes. Of sixty who were driven to the roof and were obliged to jump for their lives, eleven were killed and eight were injured so that they will die. Twenty-three men and five non-commissioned officers were burned to death and many others are missing.

20. October 26, 1893 The Farmers' Union Memphis, MO
Article from The Farmers' Union, October 26, 1893

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quested to remain on the train, which car- ried them on eastward. In the last two weeks 300 have passed through Tucson eastbound on freight trains -An infant son of John Mammons died in terrible agony at Elkhart, Ind., from drinking muriatic acid left by some tin- ners. - Comptroller Eckels addressed the con- vention of the American Bankers' Associa- tion on the lessons of the recent panic. - President Trumpff and Cashier Koet- ting, of the failed Milwaukee South Side Savings Bank, were indicted by the Grand Jury. - The freight steamer Mergullo, from a Mexican port, has arrived at Boston with thirteen supposed cases of yellow fever. - On discovering that she had paid $13,000 for brass fillings instead of gold dust Mrs. Elizabeth Fries, of New York, fell dead! - Ex-Senator Fair, of California, has dis- inherited his son, whose reported arrest proves to have been false. - The twenty-fifth anniversary of Car- dinal Gibbons' elevation to the bishopric was celebrated at Baltimore with imposing ceremonies. - Lord Dunraven has sailed for home, convinced that the Valkerie, through weather conditions, was unable to show her real merits. - It is really phenomenal the success with which Mr. Wm. H. Crane has met in his new comedy, "Brother John," at Mc- Vicker's Chicago Theater. The house is crowded nightly, and the play is of a na- ture that all can readily enjoy. Mr. Crane waxes affable more and more as he seems to be approaching nearer to the proprietor- ship of the planet, and the people with him play with the enthusiasm that success al- ways inspires. Mr. Thos W. Keene will follow Crane, commencing on Monday evening, Nov. 6. Mr. Keene has with him this season a young girl not over 15 years old, who is said to play the characters of Desdemona and Juliet with the ability which almost amounts to genius. Her name is Florence Rockwell and she is a protege of Mr. Keene.

21. January 11, 1894 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, January 11, 1894

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so WAGS THE WORLD. RICHMOND, Ind., Jan. 10.-The Starr piano works burned this morning. Loss, $300,000; insurance, $40,000. MINNEAPOLIS, Jan. 10.-Ignatius Donnelly was elected president of the Minnesota State Farmers' alliance this morning. NEW BRUNSWICK, N. J., Jan. 10.-C. S. Schepflin and P. Sehultz. manufacturing clothiers at Plainfield, N. J., assigned. Assets, $287,000; liabilities, $179,000. DENVER, Jan. 10.-Judge Lewis B. Aiken, one of the oldest jurists in the West, died last night of apoplexy. He was well known in Omaha and Galesburg, III. DENVER, Jan. 10.-All dealers in lignite coal have signed an agreement for forming a trust this morning. The price has advanced from $2.50 and $1.25 per ton to $4. Eighty dealers are in the combine. EVANSTON, Wyc., Jan. 10.-G. W. MeGarth, superintendent of the Union Pacific company coal department, has posted a notice offering a reward of $10,000 for information leading to the arrest of the persons who set fire to mine No. 7 at Almy. INDIANAPOLIS, Jan. 10.-E. P. Husten and E. O. Hopkins of Evansville have been appointed receivers of the Peoria, Decatur & Evansville railway. The appointments were made at Springfield, III., yesterday on application of D. J. Mackey, president of the company. SALTILLO, Mexico, Jan. 10.-A bloody battle occurred at Cuantrolios, the result of an old feud between the Velasco and Panjora families. The heads of the families were killed in the beginning. Since then three Velascos and two Panforas have been killed. leaving three on each side. MILWAUKEE. Jan. 10.-The trial of John B. Keating, cashier of the wrecked South Side Savings bank. was begun this morning. The defendant entered a plea attacking the jurisdiction of the court. It was overruled. The work of securing a jury is in progress.

22. January 18, 1894 Grant County Herald Lancaster, WI
Article from Grant County Herald, January 18, 1894

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Over a Milllion Short. Milwaukee, Jan. 16.-August P. Conrad, the expert accountant who was engaged by Receiver Barth to go over the books of the South side savings bank, gave sensational evidence in the Koetting trial Monday. It shows that the bank was one of the greatest bubbles recorded since the days of the South Sea island venture. In resources the bank has only $244,000, against liabilities of $1,376,000.

23. May 2, 1895 Reporter and Farmer Webster, SD
Article from Reporter and Farmer, May 2, 1895

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A Crumb for Depositors. Milwaukee. April 30. - Receiver Barth, of the South Side Savings bank, authorizes the statement that n dividend of 5 per cent will be paid about May 1. This will make, altogether, 10 per cent that has been paid to depositors. There are about 0,000 depositors. The amount of claims proven against the bank is $1,304,280.33. The nominal value of the assets 18 $789,642.65, and the liabilities, deducting the payments already made, amount to $1,247,364.50. Cashier Koetting will be placed on trial again next month.

24. April 2, 1896 Mineral Point Tribune Mineral Point, WI
Article from Mineral Point Tribune, April 2, 1896

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TELEGRAMS IN BRIEF. DOMESTIC. Vermont has ten living ex-governors all republicans. The greater New York bill has passed the assembly, 91 to 56. Fifteen hundred Dunkards, from colonies in six states have gone to North Dakota. The Princeton track team will meet California university in the Yale-Princeton games May 16. Three prisoners in the county jail at Wausau, Wis., escaped by digging through a brick wall. F. H. Castlemaine, of New York, husband of one of the Southerland sisters, committed suicide taking poison. Dr. Ball, the eminent naturalist, says that the whaling and sealing industries in Alaska are practically exhausted. Major Edward Leslie, a well-known inventor, whose wife and family are in Canada, committed suicide in Patterson, N.J. A cablegram is received by the state department confirming the rumor of the death of President Hippolyte, Hayti. Alonzo P. Carpenter has been appointed chief justice of the New Hampshire supreme court to succeed Charles Doe, deceased. Mrs. Howard M. White, wife of a bl. cycle rider. of Trenton, N. J., has been granted a divorce at Perry, O. T., on a plea of abandonment. A stable in New York city has the following sign displayed: "For sale, a good second-hand mule, acquainted with the ice wagon business." Detroit's mayor has fixed up a system of street car transfers in that city by which a passenger can ride thirtyfive miles for 3 cents. Guy Smith, who was stabbed at Superior, Wis., by Con Lewis, is in a critleal condition. Lewis admits the stabbing, but claims self-defense. Albert Swanson was killed by falling earth at Marquette. Samuel Stagg, a well known farmer at Iowa City, Iowa, has disappeared. Machars, Maine, had a $125,000 fire yesterday. The Vose block, the finest in the city, was destroyed. Sydney Smith, of Pendleton, Ky., killed Robert W. Vance, the brother of Smith's divorced wife, and made an unsuccessful attempt at suicide. There is great activity in railroad car building this year. So far 12,500 cars have been built and most of the builders have large orders on hand. Colcolough, who pitched for Pittsburg last season and is now on Wilkesbarre's reserve list, refuses to sign a contract unless he is given a larger salary. Mrs. Josephine Snyder, of Port Jarvis, N. Y., has died of poisoning. Her husband died two days previously from the same cause. A daughter is under guard. Coal miners in convention at Philadelphia, Pa., representing the central and northern fields, decided to accept the advance of F cents a ton offered by operators. John Barth, receiver of the South Side Savings bank of Milwaukee, declares that the depositors will receive a dividend of a per cent. in about two months. The C. N. Nelson Lumber company has sold all its interests at Clequet, Mich., and in the adjoining county for $4,000,000. the buyers being the Frederick Weyerhauser interests. In the T. C. Shove banking case, on trial at Oshkosh, Wis. Judge Burnell refused to admit as evidence the books of Flagler & Co. of Manitowoe, who failed soon after the bank suspended. The board of directors of the Union Park Driving association of Saginaw Mich., have decided to hold a race meet. ing during the coming summer. The total amount of money offered is $25, 000. Health officers want $300.000 with