20417. Bank of Milbank (Milbank, SD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 22, 1893
Location
Milbank, South Dakota (45.219, -96.636)

Metadata

Model
gpt-5-mini
Short Digest
6de21181

Response Measures

None

Description

Contemporary articles report the Bank of Milbank suspended payment and made an assignment (receiver) in late April 1893. No run or depositor panic is described in the articles; cause attributed to stringency in the money market and difficulty renewing paper/collections, with assets largely in land. Assignment/receivership indicates permanent closure.

Events (3)
1. April 22, 1893 Suspension
Cause
Macro News
Cause Details
Stringency in the money market prevented renewal of paper and difficulty making collections; assets largely tied in lands and farms.
Newspaper Excerpt
The Bank of Milbank failed to respond to its creditors April 22d ... The liabilities are over $100,000 with assets largely in excess, but mainly in lands and farm property. ... stringency in the money market and difficulty in making collections are supposed to be the cause.
Source
newspapers
2. April 24, 1893 Other
Newspaper Excerpt
The Bank of Milbank has made an assignment to S. R. Grold. Liabilities are reported to be over $100,000, with assets largely in excess, but consisting largely of lands and farms.
Source
newspapers
3. April 24, 1893 Receivership
Newspaper Excerpt
The Bank of Milbank has made an assignment to Hon. S.R. Rold. The stringency in the money market IS understood to be the cause. The liabilities are reported to be over $100,000, with assets largely in excess of this amount.
Source
newspapers

Newspaper Articles (13)
1. April 23, 1893 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, April 23, 1893

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FAILURES. KANSAS CITY, April 22.-Attachments were levied this morning upon the Benjamin McLain Hide company of Kansas City, Kan., aggregating $67,000. The attachments were run by the Metropolitan National bank of this city for $50.000. The other creditors who have so far made themselves known through attachments have claims for small amounts. Yesterday afternoon Frank E. Tyler, the principal stockholder in the company and its manager, gave mortgages to his wife and sisterin-law, Mrs. Benjamin McLain, in the sum of $50,000 each. Tyler is not to be found, and no statement can be obtained concerning his enbarrassment. Benjamiu McLain, the founder of the company, died some two years ago, leaving the bulk of his estate of $1,000,000 to his wife and his interest in the hide company to his son-inlaw, Frank E. Tyler, who has since that time managed the business. This afternoon attachments were brought in Kansas City, Kan, by Swift & Co. for $1,500 and by the Santa Fe Railway company for $6,500. CHICAGO, April 22.-Frank E. Tyler, who is extensively engaged in the hide and fertilizing business, having branch houses in this city, Kansas City and New York, under the firm name of Benjamin McLain & Co., was served with attachments this morning in behalf of the Metropolitan National Bank of Kansas City for $50,000. The attachments were made in and of two assumpsit suits commenced simultaneously in the circuit court-one for $35.0 and one for $20,000. The seizure was made at the Metropolitan National Bank of Chicago, where, according to adhas $50,000 on vices, Tyler depost. The Hicks Car company, in which Tyler is said to own a one-half interest. was also levied upon. The Metropolitan National Bank at Kansas City, which precipitated the rush upon Tyler, claims in one count that he fraudulently obtained $15,000 of the amount attached for from the bank. and in another that the balance of the money which it seeks to recover, $24 300 being stipulated in the attachment. is an open book account for moneys loaned and advanced. BOSTON, April 22.-Asa P. Potter, convicted of false certification of checks drawn upon the failed Maverick National bank, of which he was president, was sentenced today to sixty days' imprisonment and to pay a fine of $1,000. MILBANK, S. D. April 22.-The Bank of Milbauk today made an assignment for the benefit of its creditors to Hon. S.R. Rold. The stringency in the money market IS understood to be the cause. The li bilities are reported to be over $100,000, with assets largely in excess of this amount. NASHVILLE, Tenu., April e-The United States grand jury today returned into court SIX indictments, based unon the tailure, some weeks since, of the Commercial National bank of this city. One indietment in the district court is against Frank Porterfield, cashier of the bank, and another is against George A. Dazey. Those indictments charge conspiracy to defraud and injure the stockholders of the bank. Of the other indictments three are against Frank Porterfield and the fourth is against Marcus A. Spurr, president of the bank. FRANKLIN, O. April 22.-An assignment to P. R. Rea was made today by the Friend & Ford Paper company. The liabilities are $200,000. The assets are not given. The failure is due to embarrass ment caused by the failure two years ago of Clark, Friend, Fox & Co. of Chicago.

2. April 25, 1893 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, April 25, 1893

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The Bank of Milbank failed to respond to its creditors April 22d. This is the bank of which D. W. Diggs, well known throughout the state as a politician and temperance worker, is cashier and general manager. The liabilities are over $100,000 with assets largely in excess, but mainly in lands and farm property. Considering Major Diggs' conservative business methods, this suspension is a little startling, but stringency in the money market and difficulty in making collections are supposed to be the cause.

3. April 26, 1893 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, April 26, 1893

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In the crash of the bank of Milbank, for over $100,000, the bank of Wilmot, Roberts county, has also gone down. The two banks were closely identified in management, Mr. Sargent, of Minneapolis, being president of both, though run separately and the Wilmot bank Its fails in much better condition. depositors will get 75 per cent. of their deposits at once and its securities aud available paper will soon pay the balance. In fact this latter bank appears to have been quite solvent, but for fear of complications arising from the fall of the other, it was deemed safer for its depositors and creditors to place the whole in the hands of a receiver to deal equally by all and prevent a rush. In the case of the bank of Milbank, the condition is much worse, the depositors being mainly people outside of city business men, who had deposits all the way from $100 to $1,000. On these it falls particularly severe.

4. April 27, 1893 River Falls Journal River Falls, WI
Article from River Falls Journal, April 27, 1893

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A Bank Assigns. MILBANK. S. D., April 24.-The Bank of Milbank has made an assigned to S. R. Grold. Liabilities are reported to be over $100,000, with assets largely in excess. but consisting largely of lands and farms.

5. April 28, 1893 The Herald-Advance Milbank, SD
Article from The Herald-Advance, April 28, 1893

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ASSIGNS. The Bank of Milbank Suspends Payment and Makes an Assignment. Universal surprise and regret was exhibited by the people of the city when it was announced last Saturday morning that the Bank of Milbank had closed its doors and made an assignment for the benefit of its creditors. The bank was one of the oldest institutions in the city, and was owned by Wm. M. Sargent of Minneapolis, and D. W. Diggs, the resident manager of this city, both of whom are largely interested in the agricultural interests of this section, having two large farms, one at Corona of over 1,600 acres and the Home farm adjoining Milbank, consisting of over 2,200 acres. The assignment was made to Hon. S. R. Gold, of Big Stone City, a gentleman whose integrity will assure the creditors fair treatment and whose business ability and acquaintance with the value of the landed property will turn the assets to the best account. As yet no exact statement of the liabilities or assets of the bank has been secured, but the assignee and accountants are at work upon the books, and it is generally hoped that when a statement can be made it will show assets that will fully meet the indebtedness. The assets being largely in lands and farm property it may take some time to turn them into available funds, but it is hoped and believed that this can eventually be done without serious loss to the depositors and other creditors. This we believe is the earnest desire of both Mr. Sargent and Mr. Diggs, the latter of whom has always stood high in the community, be ing one of the oldest settlers in the county, and one of the most active business men of the city, ever ready to forward all public enterprises and promote the general good of the community, and his friends seriously regret the business misfortune that has overtaken him, and trust that the examination of the affairs of the bank now in progress will result in showing that an honorable and satisfactory discharge cf all indebtedness can be effected. Of course since the failure many rumors have been afloat, but these should be taken with due allowance until such time as an authentic statement can be made of the exact condition of the affairs of the bank, and a well grounded opinion can be tormed. Until such time let judgment be suspended. One of the most deplorable features of the failure is the loss to depositors, this loss in many instances representing the savings and accummlations of years of those who can ill afford to suffer, and on behalf of them it is earnestly hoped that the failure will not prove a disastrious one. Another deplorable feature is the general shaking of public confidence which follows a shock of this kind, but we are pleased to state that in this instance it has had no serious effects, the other two banking institutions of the city being on a perfectly solid basis and standing ready to meet all obligations.

6. April 29, 1893 The Kimball Graphic Kimball, SD
Article from The Kimball Graphic, April 29, 1893

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Will Make a Statement. SIOUX FALLS, S. D., April 25.-The - directors of the Bank of Milbank, which suspended Saturday, will make a statement of assets and liabilities on the 29th. The bank was owned by D. W. Diggs, of Milbank, and W. M. Sargent. of Minneapolis. The heaviest losers are workingmen who had on deposit all the way from $100 to $1,000. The county treasurer is the heaviest single loser as he had $3,500 of the county money on deposit. The firm was engaged extensively in farm operations, upon which it is said to have lost heavily. It is also rumored that Mr. Sargent has been speculating to some extent in wheat and that he got pinched.

7. May 5, 1893 Hot Springs Weekly Star Hot Springs, SD
Article from Hot Springs Weekly Star, May 5, 1893

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The depositors of the late bank of George R. Scougal & Co., of Yankton. are now receiving twenty per cent of the amount of their deposits, it being the sum contributed by Mrs. Scougal from the life insurance of her late husband for the benefit of the depositors. The board of directors of the Congregational Home Missionary South nomiW. H. superintendent nated Society, Rev. of of Thrall, Dakota, missions of has Redfield, for the state, vice Rev. W. G. Dickinson who has resigned the position on account of failing health. The bank of Milbank has failed, due to stringency in the money market, preventing renewal of paper, and difficulty in making collections are be with the The over $100,000, liabilities reported assets largely to in excess, but consisting largely of lands and farm property. Theodore Jarchow, a resident of Hot Springs, committed suicide by himself through the heart on the left a note shooting streets. one of Hc principal that bidding business he his wife good bye, saying was crazy and was going to kill himself. Within five minutes after writing this note he was a corpse. and citizens of Yankton to consider Business held the an men enthusiastic question of raising meeting $25, 000 for Yankton college to complete the endowment of $100,000, pay the indebtedness of the institution and at the same time secure $50,000 from Dr. Pearson, of Chicago, for a science hall. There is no doubt that the money will be raised. It is expected that 3,000 visitors will be in Sioux Falls on June 3, the dateof the Sunday school mass meetings. Special trains have been secured on the Omaha road from Luverne and Salem, and the Milwaukee road promises special trains on itsline. An interesting program has been arranged, a feature of which will be a parade of thirty Sunday schools, with 2,500 children in line. Aberdeen business men and shippers will endeavor to so buy their goods this fall that a solid train of Aberdeen freight can be run from Chicago to that city. The cars will be appropriately lettered. It is believed Aberdeen can get one of the finest advertising cards ever known out of this scheme and no effort will be spared to make it win. A committee of business men are pushing it. It has been decided by the county board of Pennington county to submit to a vote of the people the question of issuing funding bonds to pay $90,000 indebtedness. The county commissioners considered this matter and the question of their right to vote these bonds was raised, and hence the decision to let the people vote on it. The date of the election has not been settled upon, but is will be done soon. The arrest of W. H. H. Washburn, of Vermillion begins a test case in the selling of liquor, and the decision will very materially concern the boundary line between South Dakota and Nebraska. Since the passage of the prohibitory lawsin South Dakota Washburn put a saloon upon the ground where the channel of the river was, claiming that neither state, under the circumstances held control of it. The republican state central committee met at Mitchell to fix the date for holding the state convention for nomination of candidates for the three supreme judgeships. It was decided to hold the convention at Huron at 4:30 p. m. on Wednesday, September 20. The basis of representation was fixed at one delegate for each fifty votes or major fraction thereof cast for Sheldon for governor at the election last November. A meeting in the interest of the railroad from Hankinson by way of Watertown and Madison to Sioux Falls, was organized at Watertown with the choice of C. W. Stutenroth. chairman, and Daniel Scott, of Madison, secretary, and adjourned to meet in Madison, May 15, when representatives from all the towns interested will be present. Water town will secure the right of way from Hankinson to that city if the others will do as well. Mrs. Church of Artesian, who has already had two suits against the Chicago, Milwaukee and St. Paul Piso's Remedy for Catarrh is the

8. December 24, 1893 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, December 24, 1893

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BUSINESS TROUBLES. Some of the Wrecks Caused by the Grea Financial Depression. JANUARY, 6. Wickham & Co., wholesale fish dealers of Huron, O., failed for $250,000. FEBRUARY. 2. The First National bank of Little Rock suspended. 8. The banking house of F. V. Rockafellow at Wilkesbarre, Pa., closed its doors. 03. Beaupre, Keogh & Davis, wholesale RTO. cers. assigned in St. Paul: liabilities over $400,000. MARCH. 18. The Atkinson House Furnishing company of Maine assigned in Boston: Habilities, $1,500,000. 14. The Kansas Trust and Banking company, at Kanses City, suspended, with liabilities of $800,000, 23. Dobbins & Dazy. cotton brokers. assigned in Nashville: Habflities, $1,000,000. APRIL. 7. The Northwestern State ban! of Sibley, 18. closed its doors; liabilities, $150,000. 12. The English, Scottish and Australian Char. tered bank failed, with liabilities of 28, 000,000. 20. The Australian Joint Stock bank failed for £13,000,000. 22. The Bank of Milbank, S. D., assigned, with liabilities of $100,000. 25. The Union Loan and Trust company of Sioux City closed its doors; liabilities, STOO,000. 30. The National Bank of Australasia failed for £7,500,000. MAY. 1. F. H. Weeks, president of the Land and River Improvement company, West Superior, Wis., assigned. 8. H. H. Warner, the patent medicine mannfacturer of Rochester. assigned: liabilities estimated at $500,000. 9. The Bank of Victoria, at Melbourne, suspended, with £2,400,000 Habilities. 11. The Capital National bank. at Indianapolis, suspended. R. R. Robinson & Co., bankers of Wilming. ton, Del., failed, with liabilities of over $826,000. 12. The Sloux City (Ia.) Engine works suspend. ed: liabilities, $200,000. Thomas & Sons, whisky dealers In Louis. ville, failed owing from $150,000 to $400,000, 13. Bank failures at Orleans and Rossville, Ind., at Freeport, O., and Rockford, Mich. Steel company at Beliville, Ills., placed in hands of a receiver. Kendall & Smith, grain dealers of Lincoln, Neb., failed for over $250,000. 15. Erastus Wiman, a New York capitalist, made an assignment. 26. Ex-Secretary of the Treasury Charles For. ter of Fostoria, O., assigned, with liabilities of nearly $1,000,000. 28. National banks at Fargo and Lakota, N. D., closed by the comptroller. JUNE. 5. The Kansas Grain company, owning 100 elovators, failed. JULY, 18. Exciting bank panic in Denver. 25. The Erie railway went into the bands of receivers; the doating debt is $6,000,000. AUGUST. 2. The North American Packing and Provi. sion company assigned in Chicago, with $750,000 liabilities. 4. Receivers were appointed for the of J. H. Walker & Co., dry goods who succeeded to the Chicago trade 01 T. Stewart & Co.: debts, $2,000,000. N. L. Carte & Co., the old tin plate Project. ers, assigned in New York city: liabilities, $350,000. 9. R. II. Coloman, the "Iron King" of Loba. non, Pa., assigned. DECEMBER. 1. Abe Stein & Co., heavy importers of goat skins, hides, etc., failed in New York for over $1,000,000. 4. Green B. Raum, Jr., general merchant and Indian trader at Perry, o. T., failed. The Citizens' National bankof Grand Island, Neb., closed its doors. 5. N. J. Schloss & Co., wholesale clothiers In New York, assigned.

9. December 30, 1893 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, December 30, 1893

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BUSINESS TROUBLES. Some of the Wrecks Caused by the Great Financial Depression. JANUARY. 6. Wickham & Co., wholesale fish dealers of Huron, O., failed for $250,000. FEBRUARY. of The First National bank of Little Rock suspended. 8. The banking house of F.V. Rockafellow at Wilkesbarre, Pa., closed its doors. 93. Beaupre, Keogh & Davis, wholesale grocers, assigned in St. Paul; liabilities over $400,000. MARCH. 13. The Atkinson House Furnishing company of Maine assigned in Boston: liabilities, $1,500,000. 14. The Kansas Trust and Banking company. at Kansas City, suspended, with liabilities of $800,000. 23. Dobbins & Dazy, cotton brokers, assigned in Nashville; liabilities, $1,000,000. APRIL 7. The Northwestern State bank of Sibley. la. closed its doors; liabilities, $150,000. 12 The English, Scottish and Australian Chartered bank failed, with liabilities of £8, 000,000. 20. The Australian Joint Stock bank failed for £13,000,000. 8 The Bank of Milbank, S. D., assigned, with liabilities of $100,000. 25. The Union Loan and Trust company of Sioux City closed its doors; liabilities, $750.000. 30. The National Bank of Australasia failed for £7,500,000. MAY. 1. F. H. Weeks, president of the Land and River Improvement company, West Superior. Wis., assigned. 8. H. H. Warner, the patent medicine mannfacturer of Rochester, assigned: liabilities estimated at $500,000. 9. The Bank of Vietoria, at Melbourne, suspended, with £2,400,000 liabilities. 11. The Capital National bank. at Indianapolis, suspended. R. R. Robinson & Co., bankers of Wilmington, Del., failed, with liabilities of over $226,000. 12. The Sioux City (la) Engine works suspended: liabilities, $200,000. Thomas & Sons, whisky dealers in Louisville, failed owing from $150,000 to $400,000. 13. Bank failures at Orleans and Rossville, Ind., at Freeport, O., and Rockford, Mich. Steel company at Bellville, Ills.. placed in hands of a receiver. Kendall & Smith, grain dealers of Lineoln, Neb., failed for over $250,000. 15. Erastus Wiman, a New York capitalist, made an assignment. 26. Ex-Secretary of the Treasury Charles Foster of Fostoria, O., assigned, with liabilities of nearly $1,000,000. 28. National banks at Fargo and Lakota, N. D., closed by the comptroller. JUNE. 5. The Kansas Grain company, owning 106 elevators, failed. JULY. 18. Exciting bank panic in Denver. 25. The Erie railway went into the hands of receivers: the floating debt is $6,000,000. AUGUST. of The North American Packing and Provision company assigned in Chicago, with $750,000 liabilities. 4. Receivers were appointed for the business of J. H. Walker & Co., dry goods dealers, who succeeded to the Chicago trade of A. T. Stewart & Co.: debts, $2,000,000 N. L. Carte & Co., the old tin plate importers, assigned in New York city: liabilities, $350,000. 9. R. H. Coleman, the "Iron King" of Lebanon, Pa., assigned. DECEMBER. 1. Abe Stein & Co., heavy importers of goat skins, hides, etc., failed in New York for over $1,000,000. 4. Green B. Raum, Jr., general merchant and Indian trader at Perry. O. T., failed. The Citizens' National bank of Grand Island, Neb., closed its doors. 5. N.J. Schloss & Co., wholesale clothiers in New York. assigned.

10. December 30, 1893 The Providence News Providence, RI
Article from The Providence News, December 30, 1893

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BUSINESS TROUBLES. Some of the Wrecks Caused by the Grea. Financial Depression. JANUARY. 6. Wickham & Co., wholesale fish dealers o. Huron, O., failed for $250,000. FEBRUARY. 2. The First National bank of Little Rock suspended. 8. The banking house of F. V. Rockafellow at Wilkesbarre, Pa., closed its doors. 93. Beaupre, Keogh & Davis, wholesale gro eers, assigned in St. Paul: liabilities over $400,000. MARCH. 13. The Atkinson House Furnishing company of Maine assigned in Boston: liabilities $1,500,000. 14. The Kansas Trust and Banking company at Kansas City, suspended, with liabilities of $800,000. 23. Dobbins & Dary. cotton brokers, assigned in Nashville: liabilities, $1,000,000. APRIL. 7. The Northwestern State bank of Sibley, la. closed its doors; liabilities, $150,000. 12. The English, Scottish and Australian Char tered bank failed. with liabilities of £8, 000,000. 20. The Australian Joint Stock bank failed fo. £13,000,000. 22. The Bank of Milbank, S. D., assigned. with liabilities of $100,000. 25. The Union Loan and Trust company o Sioux City closed its doors: liabilities, $750, 000. 30. The National Bank of Australasia failee for £7,500,000. MAY. 1 F. H. Weeks. president of the Land ane River Improvement company, West Supe rior, Wis., assigned. a. H. H. Warner, the patent medicine manu facturer of Rochester, assigned: liabilitie. estimated at $500,000. 9. The Bank of Victoria, at Melbourne, sus pended. with £2,400,000 liabilities. 11. The Capital National bank, at Indianapo lis, suspended. R. R. Robinson & Co., bankers of Wilming ton, Del., failed, with liabilities of over $326,000. 12. The Sieux City (Ia.) Engine works suspend ed; liabilities, $200,000. Thomas & Sons, whisky dealers in Louis ville. failed owing from $150,000 to $400,000. 13. Bank failures at Orleans and Rossville Ind., at Freeport, O., and Rockford, Mich. Steel company at Bellville, Ills., placed it hands of a receiver. Kendall & Smith, grain dealers of Lincoln Neb., failed for over $250,000. 15. Erastus Wiman, a New York capitalist made an assignment. 26. Ex-Secretary of the Treasury Charles Fos. ter of Fostoria, O., assigned, with liabilities of nearly $1,000,000. 28. National banks at Fargo and Lakota, N D., closed by the comptroller. JUNE. & The Kansas Grain company, owning 106 el evators, failed. JULY. 18. Exciting bank panic in Denver. 25. The Erie railway went into the hands o receivers: the floating debt is $6,000,000. AUGUST. 2. The North American Packing and Provi sion company assigned in Chicago, with $750,000 liabilities. a Receivers were appointed for the busines. of J. H. Walker & Co., dry goods dealers who succeeded to the Chicago trade of A T. Stewart & Co.: debts. $2,000,000. N. L. Carte & Co., the old tin plate import ers, assigned in New York city: liabilities $350,000. 9. R. H. Coleman, the "Iron King" of Leba non, Pa., assigned. DECEMBER. 1. Abe Stein & Co., heavy importers of goa. skins, hides, etc., failed in New York for over $1,000,000. 4. Green B. Raum. Jr., general merchant and Indian trader at Perry, O. T., failed. The Citizens' National bank of Grand Island Neb., closed its doors. 6. N. J. Schloss & Co., wholesale clothiers it New York, assigned.

11. January 1, 1894 The Helena Independent Helena, MT
Article from The Helena Independent, January 1, 1894

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BUSINESS TROUBLES. Some of the Wrecks Caused by the Great Financial Depression. JANUARY. 6. Wickham & Co., wholesale fish dealers of Huron, O., failed for $250,000. FEBRUARY. 2. The First National bank of Little Rock suspended. 8. The banking house of F. V. Rockarellow at Wilkesbarre, Pa., closed its doors. 93. Beaupre, Keogh & Davis, wholesale grocers, assigned in St. Paul: liabilities over $400,000. MARCH. 13. The Atkinson House Furnishing company of Maine assigned in Boston: liabilities, $1,500,000. 14. The Kansas Trust and Banking company, at Kansas City, suspended, with liabilities of $800,000. 23. Dobbins & Dazy, cotton brokers. assigned in Nashville; liabilities, $1,000,000. APRIL. 7. The Northwestern State bank of Sibley, la., closed its doors; liabilities, $150,000. 12. The Seglish, Scottish and Australian Chartered bank failed, with liabilities of £8,000,000. 20. The Australian Joint Stock bank failed for £13,000,000. 22. The Bank of Milbank, S. D., assigned, with liabilities of $100,000. 25. The Union Loan and Trust company of Sioux City closed its doors: liabilities, $750.000. 30. The National Bank of Australasia failed for £7,500,000. MAY. 1. F. H. Weeks, president of the Land and River Improvement company, West Superior, Wis., assigned. 8. H. H. Warner, the patent medicine manufacturer of Rochester, assigned: liabilities estimated at $500,000. 9. The Bank of Victoria, at Melbourne, suspended, with £2,400,000 liabilities. 11. The Capital National bank, at Indianapolis, suspended. R. R. Robinson & Co., bankers of Wilmington. Del,, failed, with liabilities of over $326,000. 12. The Sioux City (Ia.) Engine works suspended; liabilities, $200,000. Thomas & Sons, whisky dealers in Louisville. failed owing from $150,000 to $400,000. 18. Bank failures at Orleans and Rossville, Ind., at Freeport, O., and Rockford, Mich. Steel company at Bellville, Ills., placed in hands of a receiver. Kendall & Smith, grain dealers of Lincoln. Neb., failed for over $250,000. 15. Erastus Wiman, a New York capitalist, made an assignment. 26. Ex-Secretary of the Treasury Charles Foster of Fostoria, O., assigned, with liabilities of nearly $1,000,000. 28. National banks at Fargo and Lakota. N. D., closed by the comptroller. JUNE. 5. The Kansas Grain company, owning 106 elevators, failed. JULY. 18. Exciting bank panic in Denver. 25. The Erie railway went into the hands of receivers: the floating debt is $6,000,000. AUGUST. 2. The North American Packing and Provision company assigned in Chicago, with $750,000 liabilities. 4. Receivers were appointed for the business of J. H. Walker & Co., dry goods dealers, who succeeded to the Chicago trade of A. T. Stewart & Co.; debts, $2,000,000. N. L. Carte & Co., the old tin plate importers, assigned in New York city: liabilities, $850,000. 9. R. H. Coleman, the "Iron King" of Lebanon, Pa., assigned. DECEMBER. 1. Abe Stein & Co., heavy importers of goat skins, hides, etc., failed in New York for over $1,000,000. 4. Green B. Raum, Jr., general merchant and Indian trader at Perry, O. T., failed. The Citizens' National bank of Grand Island, Neb., closed its doors. 5. N. J. Schloss & Co., wholesale clothiers in New York, assigned.

12. January 1, 1894 Capital Journal Salem, OR
Article from Capital Journal, January 1, 1894

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BUSINESS TROUBLES. Some of the Wrecks Caused by the Great Financial Depression. JANUARY. 6. Wickham & Co., wholesale fish dealers of Huron, O., failed for $250,000. FEBRUARY. 2. The First National bank of Little Rock suspended. 8. The banking house of F. V. Rockafellow at Wilkesbarre, Pa., closed its doors. 93. Beaupre, Keogh & Davis, wholesale grooers, assigned in St. Paul: liabilities over $400,000. MARCH. 13. The Atkinson House Furnishing company of Maine assigned in Boston: liabilities, $1,500,000. 14. The Kansas Trust and Banking company, at Kansas City, suspended, with liabilities of $800,000. 23. Dobbins & Dazy, cotton brokers, assigned in Nashville; liabilities, $1,000,000. APRIL. 7. The Northwestern State bank of Sibley, Ia., closed its doors; liabilities, $150,000. 12. The English, Scottish and Australian Chartered bank failed, with liabilities of £8,000,000. 20. The Australian Joint Stock bank failed for £13,000,000. 22. The Bank of Milbank, S. D., assigned, with liabilities of $100,000. 25. The Union Loan and Trust company of Sioux City closed its doors; liabilities, $750,000. 30. The National Bank of Australasia failed for £7,500,000. MAY. 1. F. H. Weeks, president of the Land and River Improvement company, West Superior, Wis., assigned. 8. H. H. Warner, the patent medicine mannfacturer of Rochester, assigned: liabilities estimated at $500,000. 9. The Bank of Victoria. at Melbourne, suspended, with £2,400,000 liabilities. 11. The Capital National bank, at Indianapolis, suspended. R. R. Robinson & Co., bankers of Wilmington, Del., failed, with liabilities of over $326,000. 12. The Sioux City (Ia.) Engine works suspended; liabilities, $200,000. Thomas & Sons, whisky dealers in Louisville, failed owing from $150,000 to $400,000. 13. Bank failures at Orleans and Rossville, Ind., at Freeport, O., and Rockford, Mich. Steel company at Bellville, Ills., placed in hands of a receiver. Kendall & Smith, grain dealers of Lincoln, Neb., failed for over $250,000. 15. Erastus Wiman, a New York capitalist, made an assignment. 26. Ex-Secretary of the Treasury Charles Foster of Fostoria, O., assigned, with liabilities of nearly $1,000,000. 28. National banks at Fargo and Lakota, N. D., closed by the comptroller. JUNE. 5. The Kansas Grain company, owning 106 elevators, failed. JULY. 18. Exciting bank panic in Denver. 25. The Erie railway went into the hands of receivers: the floating debt is $6,000,000. AUGUST. 2. The North American Packing and Provision company assigned in Chicago, with $750,000 Habilities. 4. Receivers were appointed for the business of J. H. Walker & Co., dry goods dealers, who succeeded to the Chicago trade of A. T. Stewart & Co.: debts. $2,000,000. N. L. Carte & Co., the old tin plate importers, assigned in New York city; liabilities. $850,000. 9. R. H. Coleman, the "Iron King" of Lebanon, Pa., assigned. DECEMBER. 1. Abe Stein & Co., heavy importers of goat skins, hides, etc., failed in New York for over $1,000,000. 4. Green B. Raum, Jr., general merchant and Indian trader at Perry, O. T., failed. The Citizens' National bank of Grand Island, Neb., closed its doors. 5. N.J. Schloss & Uo., wholesale clothiers in New York, assigned.

13. January 5, 1894 Middlebury Register Middlebury, VT
Article from Middlebury Register, January 5, 1894

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BUSINESS TROUBLES. Some of the Wrecks Caused by the Great Financial Depression. JANUARY. 6. Wickham & Co., wholesale fish dealers of Huron, O., failed for $250,000. FEBRUARY. 2. The First National bank of Little Rock suspendèd. 8. The banking house of F. V. Rockatellow at Wilkesbarre, Pa., closed its doors. 93. Beaupre, Keogh & Davis, wholesale grocers, assigned in St. Paul: liabilities over $400,000. MARCH. 13. The Atkinson House Furnishing company of Maine assigned in Boston: liabilities, $1,500,000. 14. The Kansas Trust and Banking company, at Kansas City, suspended. with liabilities of $800,000. 23. Dobbins & Dazy, cotton brokers, assigned in Nashville: liabilities, $1,000,000. APRIL. 7. The Northwestern State bank of Sibley, la., closed its doors: liabilities, $150,000. 12. The English. Scottish and Australian Chartered bank failed. with liabilities of £8,000,000. 20. The Australian Joint Stock bank failed for £13,000,000. 22. The Bank of Milbank, S. D., assigned, with liabilities of $100,000. 25. The Union Loan and Trust company of Sioux City closed its doors: liabilities, $750,000. 30. The National Bank of Australasia failed for £7,500,000. MAY. 1. F. H. Weeks, president of the Land and River Improvement company, West Superior, Wis., assigned. 8. H. H. Warner, the patent medicine manufacturer of Rochester, assigned: liabilities estimated at $500,000. 9. The Bank of Victoria. at Melbourne, suspended, with £2,400,000 liabilities. 11. The Capital National bank, at Indianapolis, suspended. R. R. Robinson & Co., bankers of Wilmington, Del., failed, with liabilities of over $326,000. 12. The Sioux City (la.) Engine works suspended: liabilities, $200,000. Thomas & Sons, whisky dealers in Louisville, failed owing from $150,000 to $400,000. 13. Bank failures at Orleans and Rossville, Ind., at Freeport, O., and Rockford, Mich. Steel company at Bellville, Ills., placed in hands of a receiver. Kendall & Smith, grain dealers of Lincoln, Neb., failed for over $250,000. 15. Erastus Wiman, a New York capitalist, made an assignment. 26. Ex-Secretary of the Treasury Charles Foster of Fostoria, O., assigned, with liabilities of nearly $1,000,000. 28. National banks at Fargo and Lakota, N. D., closed by the comptroller. JUNE. 5. The Kansas Grain company, owning 106 elevators, failed. JULY. 18. Exciting bank panie in Denver. 25. The Erie railway went into the hands of receivers: the floating debt is $6,000,000. AUGUST. 2. The North American Packing and Provision company assigned in Chicago, with $750,000 liabilities. 4. Receivers were appointed for the business of J. H. Walker & Co.,dry goods dealers, who succeeded to the Chicago trade of A. T. Stewart & Co.: debts, $2,000,000. N. L. Carte & Co., the old tin plate importers, assigned in New York city; liabilities, $350,000. 9. R. H. Coleman, the "Iron King" of Lebanon, Pa., assigned. DECEMBER. 1. Abe Stein & Co., heavy importers of goat skins, hides, etc., failed in New York for over $1,000,000. 4. Green B. Raum. Jr., general merchant and Indian trader at Perry, O. T., failed. The Citizens' National bank of Grand Island, Neb., closed its doors. 5. N. J. Schloss & Co., wholesale clothiers in New York, assigned.