German National Bank (Louisville, KY)

View Charter #2062 on SPMC View balance sheet

Episode Information

Episode UID
206201165
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
20620 national
Charter Number
2062
Start Date
January 18, 1897
Location
Louisville, Kentucky (38.254, -85.759)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ffd9d1031652095d

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1897-01-22
Date receivership terminated
1905-06-05
OCC cause of failure
Fraud
Share of assets assessed as good
37.0%
Share of assets assessed as doubtful
48.4%
Share of assets assessed as worthless
14.6%

Description

Closed by the national bank examiner and later placed in the Comptroller's hands; indictments and receiver appointment followed.

Events (4)
1. November 5, 1872 Chartered
Source
historical_nic
2. January 18, 1897 Suspension
Cause
Government Action
Cause Details
Closed by the National Bank Examiner/Comptroller order after unsafe condition, heavy withdrawals, and deficient reserves.
Newspaper Excerpt
The German National Bank ... did not open its doors for business this morning, and an announcement was made that the institution was in the hands of Bank-Examiner James E. Scott.
Source
newspapers
3. January 22, 1897 Receivership
Source
historical_nic
4. January 22, 1897 Receivership
Newspaper Excerpt
Comptroller Eckels has appointed R. H. Courtney receiver of the German National bank at Louisville, Ky., which recently failed.
Source
newspapers

Newspaper Articles (23)
1. January 18, 1897 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, January 18, 1897

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f BANKS STILL GOING UNDER 8 Two Banks Close Their Doors in Kene tucky To-day. One at Louisville, t the Other at Newport. MINNESOTA SAVINGS BANK ASSIGNS e Boston Stock and Grain Exchange, e with Many Branch Offices Throughout the East, is Forced to Close. e Louisville, Ky., Jan. 18.-National Bank Examiner Escott this morning closed the f German National bank, of which M. McKnight is president. Its capital is $261,500, with a surplus of $31,000. The bank is an old one, but for some time hns been regarded as uneafe. In a signed state. ment President McKnight says depositors will be paid in full and the stockholders will probably reorganize the institution. The last statement issued by the bank was on December 17, 1896, and made A very bad showing. The 25 per cent rule had been violated by about 8 per cent. Under the head of resources, it was given out that the bank held $113,025 in securities, stocks, etc. This was very unsatisfactory as "eto." was not considered definite enough and since the statement was issued withdrawals have been steady. President McKnight has been engaged in a number of financial operations. COULDN'T MEET DEMANDS. St. Paul, Minn., Jan. 18.-The Minnesota State Saving banks closed this morning and filed a deed of assignment naming Wm. Bickel as assignee. An affidavit was filed stating that the assets would amount to about $250,000, while the liabilities are in the neighborhood of $230,000. The officers of the bank deemed this step the best under the circumstances to protect the depositors. The recent flurry in banking affairs caused the with drawal of deposits to such an extent that although the bank required sixty days notice it was unable to raise money to meet the demands. STOCK EXOHANGE FAILURE. Boston, Mass., Jan. 18.-The Boston Stock and Grain exchange, with offices in nearly all principal New England cities, closed up business to-day. Creditors will not suffer, it is said. A SURPRISE FAILURE. Newport, Ky., Jan. 18.-The failure of the First National bank of Kentucky to 0 open its doors this morning was a surprise to business. While a statement was F given out by the officers that no one would lose anything, there were all sorts of rumors floating about. The first evidence of weakness was the refusal of officers Saturday afternoon to pay $5,000 to Treasurer Bellue, of the school board, b which was recently deposited. Its capital stock is $200,000. Its president, John Trapp, who was elected last fall in place of Henry Jenkel who retired on account of advanced years, is a resident of Dayton, Ky., and one of the wealthiest men in that part of the country. George Youtzey, brother of the cashier of the First National bank, assigned indih vidually to the Covington Trust comd pany. The Standard Carriage Supply company, of which George Youtzey was li president, also assigned. The capital I stock of the Standard company is $50,i 000. The assets and liabilities of the p Standard company are not given. P The directors of the bank were in session all day Saturday, on which day the bank opened with only $7,500 in its t vaults. At that meeting Cashier Youtzey 8 resigned and his resignation was promptc ly accepted. Banks in Covington agreed, t Saturday, to loan the bank $60,000, but later the proposition was declared off.

2. January 19, 1897 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, January 19, 1897

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KENTUCKY BANKS SUSPEND. One of Them at Louisville-The Other at Newport. LOUISVILLE, KY., January 18.-The German National Bank, at First and Market streets, did not open its doors for business this morning, and an announcement was made that the institution was in the hands of Bank-Examiner James E. Scott. The capital stock is $251,500. with a surplus of $31,000. J. M. McKnight is the president. The bank has been in a shaky condition for three years, owing to the failure of the Louisville Deposit Bank, by which it lost $75,000, and there are also between $250,000 and $200,000 worth of lawsuits pending, growing out of the bank's connection with that failure. Since the first of the year $75,000 in deposits have been withdrawn, and several days ago Bank-Examiner Escott began an invéstigation. Saturday he wired the result to the Comptroller of the Currency, and an order came for the bank to be closed at once. President McKnight says the depositors will be paid in full. The bank has on hand $50,000 in cash. The deposits subjeet to check are about $205,000. There are also certificates of deposit for $60,000. Mr. McKnight hopes to have the bank reorganized and ready for business in fifteen days. DEPOSITORS EXCITED. CINCINNATI, O., January 18.-The First National Bank, of Newport, Ky., did not open its doors this morning. The news spread rapidly, and soon there was a crowd of excited depositors assembled in front of the bank, clamoring for an explanation. The officials sent out word that the bank was solvent, but had been forced to close for lack of ready money. Assurances were offered that no one would lose anything. The depositors, however, refused to be satisfied. Ugly rumors found expression, and the excitement grew still greater when it became known that Comptroller-of-the-Currency Eckels and a national-bank examiner from Washington were to be in Newport to-day. The capital stock of the bank is $200,000. John Trapp is the president. The bank will be reorganized. The deposits are about $370,000. and the depositors will be paid in full. Director Charles Spinks says the bank closed because of the recklessness of Cashier Yautsey and Director McCracken. STARTLING DEVELOPMENT. NEWPORT, KY., January 18.-A late and rather startling development is that Mr. John Trapp, ex-Sheriff of the county, who was elected president of the bank a week ago, to succeed Dr. Gunkel, who precipitately resigned, refused to accept the office unless the bank's affairs were thoroughly investigated. It seems that C. W. Nagel, who was elected to succeed Youtsey as cashier. had made a sufficient investigation himself to warrant him in warning his friend Trapp that all was not as it should be. Therefore, the bank had been without a president for nearly a week. Every bank in Covington, which adjoins Newport, had to meet a run today as best it could on short notice. Citizens rushed to their places of deposit by the hundred as soon as they heard the news that the First National had not opened its doors in the morning, and drew their savings. Many heavy depositors were among those on the run.

3. January 19, 1897 Morning Appeal Carson City, NV
Article from Morning Appeal, January 19, 1897

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Three Banks Fail Newport, Ky., Jan 18.-The First National Bank failed to open this morning to the surprise of the business men. A run is anticipated on other banks. Louisville, Ky., Jan 18.-The Ger man National Bank was closed today by the National Bank Examiner. The capital is $270,000. St. Paul, Jan 18.-The Minnesota State Savings Bank closed this mornidg.

4. January 19, 1897 Wheeling Register Wheeling, WV
Article from Wheeling Register, January 19, 1897

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and Quit to save ME Ky., January Louisville, this 18.-Na- morntional Bank Examiner Scott the doors of the German'NaJ. M. McNight, president. tional ing closed Bank, institution The capital stock of the is with a surplus of $31,000. The is an old one, but for some time $251,500, bank unsafe. past has been regarded as The last statement issued by the bank, December 17. 1896, made a very bad showing. The figures showed that the 25 per cent. rule had been violated by about 8 per cent. Under the head of resources it was given out that the bank had $113,025.29 in securities, stocks, etc. This was very unsatisfactory as the "etcetera" was not considered definite enough and since the statement was issued the withdrawals been steady. of the bank, for years identified with Night, have prominently President the has bank- been Mcing and involved in a number business operations. of outside financial In a signed statement President McNight says that depositors will be paid the in full and it is probable that stockholders will reorganize the institution. Newport, Ky. January 18.-The New- failure of the First National Bank of was to open doors this morning to the business of port great surprise statement men given the a city. While a was the officers that no one would of there were all the lose out by anything, Fortunately sorts rumors flying about. of the officers is no of wrong doing integrity suggestion such has of that weak- found credence. The first evidence was the refusal of the officers to ness on Saturday afternoon $5,000 board. to the treasurer pay of the Bellevue school which it had but recently deposited he and which he had been advised made ought to get out. This was not public till to-day. Cashier T. B. Youtsey has been 1875. with bank since its organization in $200.stock of the bank is viceThe the capital Trapp; 000. Its president is John president Joseph Wright. President in who was elected last week retired Trapp place of Dr. Henry Gunkel, who of advanced years, is a res- the of Ky., and is one ident on account Dayton, county. of wealthiest men in the O., January the exis created in Cincinnati the eitement CINCINNATI. Most 18.-No by of Ky., bank failure. the here claim to have known been in a straightened banks bank Newport, has President condition that some time. It is said that who was elected is sick at home in seen. John last for week. Trapp. consequence president be of the failure. and cannot and, Cashier Youtsey is also indisposed. in fact. none of the officer3 can be seen. of Mr. Trapp is said to have a deposit $15,000 in the bank, to hold $11,000 of stock. to to be endorser for Cashier Youtsey and the amount of $60,000. Congressman Berry bealso has a large interest in the banw. in ing interested with Cashier Youtsey a land company. It is charged that causes heavy loans to Youtsey are among the of the failure. ST. PAUL. Minn., January -The its Minnesota State Savings Bank closed of doors this morning and filed a deed assignment. naming William Bickel as that assignee. An affidavit was filed stating would amount to about $250,000. the liabilities are in bank $230,000. The officers of the cirhood the while assets of the neighbor> the this step the best under The to protect the caused cumstances deemed recent flurry depositors. affairs in banking extent withdrawals of deposits to such an sixty that although the bank required the raise days' notice. it was unable to enough ready money to meet demands. BOSTON, January s.-The Boston stock and grain exchange. with officers in nearly closall th eprincipal New England cities. will ed up business to-day. The creditors suffer. it is said. not Poor business rersulting from the finan- given cial depression of the past year business. is A the cause of cessation of as in the market last week is said to have is rise precipitated the action. The exchange its capMassachusetts corporation. with business a ital all paid in. and has been doing of the several years. The members simply for announce that the libilities are of and tha tby prompt been further indebtedness settled. firm operations normal suspension be has avoided and all the claims can has been of the stockholders A meeting the first Monday in February, called when the for affairs of the corporation will be definitely WATERLOO. settled. Ind.. January 18.-H. al- N. the Garrett banker and arrestwho has been leged CoMmberry. embezzler, grand twice jury during the past week on central inde and who has been the of dictments, in the financial complications of gfiure county. died early this morning this failure. There were five indictments heart against him. which caused his arrest last he Saturday. and late Saturday evening released on $7,000 bond. was COLUMBUS O., January 18.-The Co- the lumbus Cabinet Co. has gone into hands of Charles R. Wheeler ,as receiver. $30,000: assets said to be $90,000. due. but Liabilities, money is wanted to pay claims NEW YORK, January 18.-The failure on Louis Nellson has been announced The of Consolidated Stock Exchange. the is considered unimportant and and is suspension attributed to being short of Sugar St. Paul. CINCINNATI, O., January 18.-T.J. McNamara. Sr., doing business as the Phoe- to Carriage Works, assigned to-day $40,000; nix Robert Ramsey. The assets are liabilities the same. IDALO SENATORSHIP.

5. January 19, 1897 The Herald Los Angeles, CA
Article from The Herald, January 19, 1897

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DEPOSITORS WILL BE PAID According to Promises of Bank Officials THREE BANKING CONCERNS Close Their Doors in Face of Heavy Withdrawals A Boston Bucket Shop and an Illinois Paper Company Shut Up Their Shops and Quit Business. Associated Press Special Wire NEWPORT Ky., Jan. 18.-The failure of the First National bank of Kentucky to open this morning was a surprise to the business men- of the city. While the statement was given out by the officers that no one would lose anything, there was all sorts of rumors flying about. Fortunately the integrity of the officers is such that no suggestion of wrong doing has found credence. KNOWN TO BE WEAK. CINCINNATI, O., Jan. 18.-No excitement was created in Cincinnati by the Newport bank failure. Most of the banks here claim to have known that the bank has been in straightened conditions for some time. is said that President John Trapp, who was elected president last week, is sick at home in consequence of the failure and'cannot be seen. Cashier Youtzey is also indisposed and in fact none of the officers can be seen. Mr. Trapp is said to have a deposit of $15,000 to hold $11,000 of stock and to be endorsed for Cashier Youtzey to the amount of $60,000. Congressman Berry, also has a large interest in the bank, being interested with the cashier in a land company. It is charged that heavy loans to Youtzey are among the causes of the failure. NO ONE SURPRISED. LOUISVILLE, Ky., Jan. 18.-National Bank Examiner Escott this morning closed the German National bank, J. M. McKnight, president. The capital stock is $261.000, with a surplus of $31,000. The bank is an old one, but for some time has been regarded as unsafe. A MINNESOTA BANK. ST. PAUL, Minn., Jan. 18.-The Minnesota Savings bank closed this morning and filed adeed of assignment, naming William Bickel as assignee. An affidavit was filed stating that the assets would amount to $250,000; liabilities in the neighborhood of $230,000. The authorities of the bank deemed this step the best way under the circumstances to protect the depositors. The recent flurry in bank affairs caused a withdrawal of deposits to such an extent that although the bank required sixty days' notice it was unable to raise enough ready money to meet the demands. The Minnesota Savings bank was incorporated in 1868 as the Union Savings bank of Rochester, Minnesota, by Senator Daniels of Rochester and his friends, and was operated in connection with the Union National bank of that place. In 1889, the legislature passed a law by which such charters could be transferred to other places than where organized, and under its provisions the Union Savings bank was purchased by W. F. Bicket and his associates and its name changed to the Minnesota Savings bank and located here. The assignee, William Bicket, was the first president of the bank after its removal to St. Paul. Though he has had no connection with the active management of the bank, he is familiar with its business and has the confidence of the depositors. The deed of assignment was executed by the president of the bank, W. F. Bicket and the cashier, Edward Heinlein. The affidavit for the bond of the assignee states that the assets will figure about $250,000 and Mr. Bicket states the liabilities are about $230,000. The bank had on deposit $10,000 of the city of St. Paul and $2200 of the funds of Ramsay caunty. It has never had any state deposits, so there are no preferred creditors. A. BUCKET SHOP BUSTED. BOSTON, Jan. 18.--The Boston stock and grain exchange, with offices in nearly all the principal New England cities, closed up its business today. The creditors will no doubt be paid. A PAPER COMPANY FAILS. CHICAGO, Jan. 18.-The Illinois Pacompany went into the hands of a receiver per today. The assets are about $65,000; liabilities, $60,000. SHORT ON SUGAR. NE WYORK, Jan. 18.-The failure of Louis Nilson has been announced on the stock is attributed to on sugar and St. pension consolidated Paul. exchange. being The short sus-

6. January 22, 1897 Las Vegas Daily Optic Las Vegas, NM
Article from Las Vegas Daily Optic, January 22, 1897

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A Bank Receiver. WASHINGTON, D. C., January 22.Comptroller Eckels has appointed R H. Courtney, receiver of the German National bank at Louisuille, Ky., which recently failed.

7. January 22, 1897 El Paso Daily Herald El Paso, TX
Article from El Paso Daily Herald, January 22, 1897

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Receiver Appointed. WASHINGTON, D. C., Jan. 22.Comptroller Eckels has appointed R. H. Courtney, receiver of the German National bank of Louisville, Ky., which recently failed.

8. January 22, 1897 San Antonio Daily Light San Antonio, TX
Article from San Antonio Daily Light, January 22, 1897

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BANK RECEIVER APPOINTED. Washington, Jan. 22.-The comptroller of the currency has appointed Robert A. Courtney receiver of the German National bank at Louisville, Ky.

9. January 23, 1897 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, January 23, 1897

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LOUISVILLE'S DEFUNCT BANK. Comptroller Believes Part of the Deposits Are Fictitious. LOUISVILLE, KY., January 22.-Comptroller Eckels has appointed R. H. Courtney receiver of the German National Bank, recently failed. Comptroller Eckels believes that part of the deposits appearing on the bank's books are fictitious. The Comptroller has declined to forward to President McKnight papers for reorganization, and says the arrested bank officers shall have nothing more to do with national banks. F. M. Mains, an expert accountant from the Comptroller's office, is on his way to Louisville to assist the District Attorney in securing evidence for the prosecution of President McKnight. Mr. McKnight had nothing to say this morning about the charges against him, but informed reporters that he had called a meeting of the bank's directors, whereat he would make a statement clearing himself of all blame.

10. January 23, 1897 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, January 23, 1897

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him if he could not be depended upon to do the right thing. This little reference to Mr. Sherman as a possible postmaster end general caused quite a titter at his the of the room. The discussion among members of the committee developed of that there is yet a wide difference opinion on the subject of the cable. CLOTHING TRUST. Chicago, Jan. 22-A special to the Tribune from New York says: "After years of quiet but persistent the effort the clothing manufacturers of have finally organized a com country to be known as the National Cloth- are iers bine, association. The officers elected as follows: President, Samuel Rosenthal, of Hock- Baltifirst vice president, Alfred more; of New York; second vice treas- presistader, Adolph Nathan, of Chicago; dent, Jacob S. Schuer, of Cincinnati. urer, board of directors includes Abra- M. The J. Kalb, Rochester; Marcus Syham New York; William S. Peck, WilMarks, Robert H. Wickes, Utah; H. liam racuse; Cushing, Boston, and Louis Kahn, Chicago. The firms pledged to the scheme have an actual output of $350,000,000. avowed purposes of the combine excesThe do away with long credits, of orare to rating and the cancellation where sive and to promote harmony competition ders. has heretofore prevailed. it is to the organizers, to to According purely as a board of trade, SO serve for the clothing industry. speak, assert with vehemence that and They are not to be tampered with, at libprices each manufacturer will be busierty, that as heretofore, to conduct his ness as he pleases. SUGAR TRUST. O.. Jan. 22.-The legal began battle Toledo, the Woolson Spice company Judge over common pleas court here today, session Morris in presiding. The morning original consumed in reading the for a petition was of the Arbuckles asking the receiver for the Woolson company, answer of the latter and the demurrer. to The afternoon session was devoted arguments on the general demurrer. Over sixty witnesses will be called. Manager Greene, of the Western Union, has been ordered to produce certain telegrams that passed between the Woolson He people and the refining company. informed the court that he not show all of them but Judge Morris said he would pass on that question at the proper time. The case will probably occupy several days. STEEL BILLET POOL. Pittsburg, Pa., Jan. 22.-A meeting of the steel billet pool has been called for Friday, January 29, in this city. At this meeting it will be decided whether 15 will be advisable to continue or abandon the organization. Unless unlooked-for contingencies arise, it is believed that its continued existence is unlikely. The situation is not favorable for high prices. Billets are offered this week at $15.25, with few buyers. AMERICAN TOBACCO. New York, Jan. 22.-Justice Lawrence in the criminal branch of the supreme court today handed down an opinion denying the demurrer to the indictments found some months ago for conspiracy, against the officers of the American Tobacco company. The case was argued a few weeks ago. DAY'S NEWS OF FAILURES. Des Moines, Ia., Jan. 22.-No more failures are likely to occur here. The banks received more than a million dollars from outside sources this morning, and are still standing together. Each bank has from $100,000 to $300,000 piled up on the counters. All agree to refuse to pay time deposits without sixty days notice under the law. The savings banks are taking advantage of the state law allow- deing them to refuse to pay savings on posit except on sixty days notice. Kansas City, Mo., Jan. 22.-The Campbell-Eaton Crockery company, one of the largest concerns in Kansas City, failed in today, the store and fixtures being possession of the Citizens National bank under a chattel mortgage for $12,000. The assets amount to $37,000; liabilities estimated at $22,000. Chicago, Jan. 22.-Judgment for $84,000 in favor of the World's Columbian Ex- in position company was entered-today Judge Burke's court against the Ferris for Wheel company. The judgment is the world's fair company's receipts during the exposition. Cincinnati, O., Jan. 22.-Thomas B. Youtzey, cashier of the First National bank, has made an assignment. This is taken in consequence of attachstep ments having been issued by creditors. Washington, Jan. 22.-Thec omptroller of the currency has appointed Robert Na- A. Courtney receiver for the German tional bank at Louisville, Ky. LLOYD'S BARRED IN OHIO. Columbus, O., Jan. 22.-Bulletin.-Hon. M. Matthews, state superintendent in- of W. insurance, today barred the Lloyd's surance companies from doing business in Ohio. TO CURE A COLD IN ONE DAY Take Laxative Bromo Quinine Tablets. All druggists refund the money if it fails to cure. 25c.

11. January 27, 1897 The Enterprise Wellington, OH
Article from The Enterprise, January 27, 1897

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ASHINGTON. In accordance with the provision of the act of congress concerning the Tennessee centennial celebration, President Cleveland has designated Charles W. Dabney as chairman of the government board of the exposition. Mr. Dabney is the assistant secretary of agriculture. R. R. Courtney has been appointed by Comptroller Eckels as receiver of the German National bank of Louisville, Ky., which failed recently. Surgeon General Tryon has been promoted to the highest rank of the naval medical corps. filling the vacancy caused by the retirement of Medical Director Henry Wells. It is officially stated that Attorney General Harmon is considering the advisability of instituting proceedings against the filibustering steamer Three Friends on the charge of piracy.

12. January 29, 1897 Middlebury Register Middlebury, VT
Article from Middlebury Register, January 29, 1897

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2% on ducking Quantico, Virginia, edition. The death is reported from London of air Isaac Pitman, inventor of a system of northand now widely used. Two cases of bubonic plague are re Ported from Kamaran, an island off the rest coast of Arabia on the Red sea. Liliuokalani, the deposed queen of Haraii, otherwise Mrs. Lydia Dominis, ar Aved in Washington, D. C., on Saturday rom Boston. A negro held in Enfield, North Caro jail for shooting a man, set fire to he building on Friday night, destroying imself and the jail. A number of villages in Greece have een destroyed by an earthquake, and it feared that a number of persons have killed or injured. It is announced that Professor Haff line of Bombay has proved the efficacy attenuated plague virus as an antidote or the bubonic plague. By the earthquake on the island of Tishm, in the Persian gulf on January thousands of houses were destroyed and 2500 persons were killed. John Dacey, aged 20, and Benjamin Dryman, aged 24, rival lovers, fought duel near Cynthiana, Kentucky, the ther day, and both were killed. Advices reached Sin Francisco or Saturday of a terrible panic in a temple Kwong Tow, China, in which 300 women and children perished. United States Senator George of Mis assippi is critically ill at the Garfield hospital, in Washington, and his family ave been summoned to his bedside. Claims filed in the department of state American citizens against Spain. aris out of the insurrection in Cuba, num 83, and aggregate nearly $10,000,000 James M. McKnight, president of the suspended German national bank of ouisville, Ky., was arrested Friday charged with falsifying the accounts of he bank. The United State senate has passed the ill for the erection of a new custon ouse building in New York on the site the present building, at a cost not ex eeding $5,000,000. The Russell Milling company, having mill with a daily capacity of 3000 bar at West Superior, Wis., and smalle

13. February 17, 1897 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, February 17, 1897

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THE SOUTHERN STATES. NEW ORLEANS-A. G. Weatherford, formerly of Memphis but now of Nicaragua. PADUCAH, Ky.-Sheriff Holland returned from Rangeland, where he went in search of Robert McGill, who shot his wife Tuesday. McGill escaped. Mrs. McGill is not yet dead. LOUISVILLE, Ky.-The overturning of a lamp at the home of John Myer, resulted in the fatal burning of Mrs. Myer and a 2-year-old child. Myer was severely burned while trying to extinguish the flames. MACON, Ga.-Judge Felton decided to postpone the hearing of the petition to remove A. T. Holt, local receiver of the Southern Building and Loan association of Knoxville, until the United States circuit court has decided whether the receivership shall be made permanent. LOUISVILLE, Ky.-An affidavit was made before the United States officers charging Banker McKnight and F. A. Britt, member of the city council, with defrauding the German National out of $2000. McKnight and Britt were arrested and gave bond. PARKERSBURG, W. Va.-Dr. John Wymouth has received intelligence from Liverpool of the death of his oldest brother, Captain William E. Wymouth, commander of the British cruiser Smyrna, at sea, January 14. Captain Wymouth was an old Confederate naval officer and served under Admiral Semmes on the famous privateer, the Alabama. He was on the vessel when she was sunk by the Kearsarge, but escaped. was arrested on the arrival of the steamship Suldal from Bluefields, in response to a telegram from the Nicaraguan authorities. Weatherford is charged with having murdered Charles Brown on February 10. The prisoner will be taken back to the scene of his crime for trial. Weatherford claims that Brown was killed on account of his connection with Mrs. Weatherford, and he believed, as all honorable men believed, that he had the right to kill the despoiler of his home.

14. February 20, 1897 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, February 20, 1897

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Bank Officers to be Arrested. LOUISVILLE, Ky., Feb. 19.-The greatest secrecy Is maintained by Bank Examiner Escott and Receiver Courtney regarding the affairs of the German National Bank. but warrants are expected to be issued for other officials of the bank. President McKnight is still in custody. being unable to furnight the $12,000 bond, The connection between Courtney and the Indicted alderman is expected to result in further and more sensational Indictments against other city officials.

15. February 20, 1897 The Wilmington Daily Republican Wilmington, DE
Article from The Wilmington Daily Republican, February 20, 1897

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Louisville's Corrupt Bankers. Louisville, Feb. 20.-The greatest secrecy is maintained by Bank Examiner Escott and Receiver Courtney regarding the affairs of the German National bank, but warrants are expected to be issued for other officials of the bank. President McKnight is still in custody, being unable to furnish the $12,000 bond. In a statement given to the press Mr. McKnight claims that before his connection with the bank it had been looted to the extent of $273,000, or $22,000 more than the entire capital stock of the bank. He says it was the most corruptly managed bank he ever saw. The connection between McKnight and the indicted aldermen is expected to result in further and more sensational indictments.

16. February 20, 1897 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, February 20, 1897

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HATED EACH OTHER WILLIAM RODGERS ARRAIGNED IN POLICE COURT. Held for the Murder of Ben Coleman, Whose Neck Was Broken In a Fight With Rodgers in Cincionati, Which Fight Was Not Altogether for Exbibition Purposes-Sioux Indians Accused of the WinonaMurders-Alleged blayers of Joel Mack Arrested-Bank Wreckers and Embezzlers-Crimeand Catastrophe Cincinnati, O., Feb. 19,-William Rodgers, amateur pugilist, who delivered a fatal blow to Ben Coleman in a fight with gloves at the Manhattan Athletic ground, this city, was arraigned in the police court today and the hearing was continued. The referee and time keeper also gave bond. The coroner's inquest was begun. Testimony was conflicting. One witness said that Coleman was conscious after the blow and shook hands with Redgers and remained conscious until the attendants dropped him to the earth as they carried him away. Others testified that it was understood that their grudge was to be settled at this fight, as the men were enemies. SIOUX ARE ACCUSED. Bismarck, N. D., Feb. 19.-Advices from Winona state that excitement is running high over yesterday's awful trag edy, and if the Indians who are accused of the devilish deed are located they will be lynched by the indignant settlers. That the murder was committed by the Indians there seems to be no doubt. The mutilation of the bodies of the victims, and the killing of the twin babies of Mrs. Rouse, who were only one year old, and the fact that Mail Carrier Lebrock saw two Indians in the vicinity with their faces hideously painted Indicate that the treacherous Sioux have added another to their long list of crimes. The coroner's jury met at Winona at 10 o'clock this morning and the inquest is now in progress. FOR KILLING JOEL MACK. Independence, Kan., Feb. 19.-Two men have been arrested charged with the murder of Joel Mack, a wealthy stockman of this city, whose mutilated body was recently found on the banks of the Verdigris river in Indian Territory. They are William Blosser and his step-father, both of Vinita, I. T. Officers are searching for a third man named Samuel B. Bloxum. These three were interested in a lawsuit which was to have been tried at Vinita. Mack was an important witness against them and was on his way to Vinita when he met his death. SHERIFF ASSASSINATED. Santa Fe, N. M., Feb. 19.-Sheriff Dow of Eddy county was shot last night by two men concealed between buildings. He died today. He was active in the prosecution of cattle thieves. Governor Thornton offers a reward of $500 for each of his murderers. TRAIN WRECKERS. Cleveland, O., Feb. 19.-A special from Berea, O., says that an attempt was made last night to wreck a Big Four train near there on a bridge seventy-five feet high. The obstruction was discovered by a track walker shortly before the passage of an east-bound train. There is no clue. BANK WRECKERS. Louisville, Ky., Feb. 19.-The greatest secrecy is maintained by Bank Examiner Escott and Receiver Courtney regarding the affairs of the German National bank. but warrants are expected to be issued for other officials of the bank. President McKnight is still in custody, being unable to furnish the $12,000 bond. In a statement given to the press Mr. McKnight claims that before his connection with the German National bank it had been looted to the extent of $273,000, or $22,000 more than the entire capital stock of the bank. He says it was the most corruptly, managed bank he ever saw. Examiner Escott was busy all morning going over the old records to discover the grounds for McKnight's charges. The connection between McKnight and the indicted aldermen is expected to result in further and more sensational indictments against other city officials. Commonwealth Attorney Parsons has been instructed to employ three etra attorneys to help him arraign and prosecute the recently indicted officials. NEBRASKA'S TREASURER. Lincoln, Neb., Feb. -9.-Action in regard to the state treasury situation has been delayed ten days by a vote in the senate. During this time special com-

17. February 26, 1897 Middlebury Register Middlebury, VT
Article from Middlebury Register, February 26, 1897

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General News. Hog cholera is prevalent in Dutchess d Columbia counties, New York. George S. Dyer, town treasurer of Plyuth, Massachussetts, is said to be a faulter to the amount of over $10,000. Villiam Lampson, who died recently Leroy, N.Y., bequeathed his estate, ued at $1,000,000, to Yale university. \ bill making It a punishable offence wear a high hat at a theatrical permance has passed the Colorado assemby a vote of 42 to 15. Steinitz, the American chess player, : died at Dr. Morosoff's institute in scow, to which he was recently taken er losing his mental balance. The Kansas senate has adopted a resoion proposed by United States Sena-elect Harris in opposition to the glo-American arbitration treaty. The Missouri supreme court Saturday dered a decision the effect of which is open to women nearly all the elective inty and State offices in Missouri. The senatorial deadlock in South Daa was broken Thursday by the rection of James H. Kyle, by the votes the republicans and a few populists. Bishop Turner, of the African Methot church, has complained the orgia State railroad commission that railroads of the State do not furnish ing accommodations for negroes. ames McKnight. president of the susided German national bank of Louisle, Ky., is under arrest. charged with sappropriation of the bank's funds and h conspiring to misappropriate said 'sp' Inited States Senator Cannon and vernor Wells of Utah have suggested the legislature of that State the placof a statue of Brigham Young in statutary hall of the capitol at Washton. lessrs. Thorne and Sargeant. officials the Texas Pacific railroad, who pleadguilty at New Orleans to an indictnt charging them with violating the er-state commerce law. were fined each. 00 'he gunboat Wilmington. one of the ee built at Newport News for the y. made her preliminary trial on urday, and exceeded her contract ed of thirteen knots an hour by one I three-quarters knots. resident Cleveland has pardoned nk Porterfield of Nashville, Tenn., president of the First national bank. tenced in December, 1893, to ten rs in Kings county penitentiary and ts for embezzling the bank's funds. overnor Bushnell of Ohio has aninced that when Senator Sherman re ns to enter the cabinet of President Kinley he will appoint to succeed him n. Marcus A. Hanna, to serve until successor is chosen by the legislae. . freight wreck occurred on the nois Central road, near Kinmundy, - on Thursday. The engineer, fire11 and one brakeman were killed. ) cause of the wreck was the breakof the axle of the drivers on the ena he Wakefield Rattan Co. of Boston 1 Heywood Brothers & Co. of Gard, Massachusetts. are to be consolied under the name of the Heywood others & Wakefield company. The ital of the new company will be $6,'0 0 resident Cleveland will not make ninations to fill vacancies in the gov. ment service which may be caused by ignations occurring between now and 4th of March next, but will leave Sq by 01 uado places q Kinley. ix members of the Spicer familyv . Thomas Spicer, Mrs. Spicer, Mrs. lliam Waldron, Mrs. William Rouse 1 twin babies of the latter-were nd murdered in their house, near nona, North Dakota, on Thursday. is supposed they were killed by In'su

18. March 12, 1897 The Morning News Savannah, GA
Article from The Morning News, March 12, 1897

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BANK PRESIDENT INDICTED. Ninety One Counts in the Charge. Five Others Also Indicted. Louisville, Ky., March 11.-J. M. McKnight, president of the suspended German National Bank, was indicted by the grand jury at noon to-day, on the charge of violating the national banking act. The indictment embraces ninety-one counts and includes nearly every offense embraced in the law. Indictments were also found against R. E. King, president of the board of aldermen; C. J. Jenne, J. E. Leatherman, R. O. Bruner and F. A. Britt, who are charged with conspiring with President McKnight to misappropriate the funds of the bank.

19. March 12, 1897 The Roanoke Times Roanoke, VA
Article from The Roanoke Times, March 12, 1897

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A BANK WRECKER INDICTED. Louisville, Ky., March 11.-J. M. MeKnight, president of the suspended German National Bank, was indicted by the grand jury at noon to day on the charge of violating the national banking net. The indictment embraces ninety-one counts and includes nearly every offense embraced in the law. Indictments were also found against R. E. King, president of the board of aldermen, and Alderman C. J. Jenne, J. E. Leatherman, R. O. Bemer and F. A. Britt, who are charged with conspiring with President McKnight to misappropriate the funds of the bank.

20. March 12, 1897 Twice-A-Week Plain Dealer Cresco, IA
Article from Twice-A-Week Plain Dealer, March 12, 1897

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FAILURE IN LOUISVILLE. A Trust Company Makes an Assignment-Its Affairs. Louisville, Ky., March 10.-The Germania Safety Vault & Trust company made an assignment Tuesday afternoon. The failure was caused by the failure of the German national bank, in which the trust company was a large depositor. The capital stock is $200,000. The last statement placed the assets and liabilities at $271,136.16 each. It is thought that stockholders will realize 50 cents on the dollar. J. M. McKnight, president of the German national bank, was also president of the' trust company, which he had placed in a receiver's hands at the time of the bank's failure. The stockholders secured possession again, however, and elected C. T. Dearing president.

21. March 12, 1897 The Norfolk Virginian Norfolk, VA
Article from The Norfolk Virginian, March 12, 1897

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NINETY-ONE COUNTS In the Indictment Against J. NI. Mc. Knight. Louisville, March 11.-J. M. McKnight, president of the suspended German National bank, was indicted by a grand jury at noon today on the charge of violating the national bank act. The indictment embraces ninety-one counts and includes nearly every offense embraced in the law. Indictments were also found against R. E. King, president of the board of aldermen, and Alderman C. J. Jenne, J. E. Leatherman, R. O. Bemer and F. A. Britt who are charged with conspiring with president McKnight to misappropriate the funds of the bank:

22. March 19, 1897 The Union Times Union, SC
Article from The Union Times, March 19, 1897

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Liverpool Cotton Market. Liverpool, Saturday - Middling 31-32. Futures-Closed firm. March... 3 58 s March and April 3 58 s April and May... 3 58 v May and June... 3 58@54 June and July... 3 58@54 July and August. 3 58@54 August and September.. 3 56 b September and October. 3 50@51 October and November. 3 46@41 November and December. 3 45 s December and January... 3 45 s January and February. # Indicted in Ninety-One Counts. J. M. McKnight, president of the suspended German National Bank, Louisville, Ky., has been indicted by the grand jury on the charge of violating the national banking act. The indictment will embrace ninety-one counts, and includes nearly every offense embraced in the law.

23. November 20, 1902 The Fulton County News McConnellsburg, PA
Article from The Fulton County News, November 20, 1902

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SUMMARY OF THE LATEST NEWS. Domestic. Receivers for the National Asphalt Company and the Asphalt Company of America filed in court at Trenton, N. J., reports stating that they have made progress in reducing expenses by consolidating the underlying companies. During a controversy over a board bill James Masterson fatally shot M. P. Brittingham, proprietor of the Hotel Bratt. in Manchester, O., and then killed himself. Brittingham was shot three times. It was reported in Philadelphia that the Reading. the Baltimore and Ohio, and other Eastern railroads will follow the example of the Pennsylvania and increase the salaries of employes. The Anthracite Strike Commission began the hearing of evidence in Scranton, Pa., President Mitchell reading a long satement and then taking the witness stand. Col. Edward Butler, the millionaire politician of St. Louis, was convicted of bribery in Columbia, Mo., and sentenced to three years in the penitentiary. In the American Federation of Labor Convention yesterday at New Orleans a number of resolutions bearing upon labor conditions were introduced. The Methodist General Missionary Conference. in session in Albany, N. Y., made appropriations for the various missions in China and Korea. The Central National Bank of Boston closed its doors as a result of impaired assets. The failure had no effect in financial circles. William Becker, who sent threatening letters to a number of wealthy men in New York. was arrested on the charge of blackmail. One hundred and ten Presbyteries have thus far voted for revision of the creed, none having voted the other way. Superintendent Pratt. of the Carlisle Indian School. submitted his report to Indian Commissioner Jones. The twenty-second annual convention of the American Federation of Labor opened in New Orleans, and President Gompers, in his annual address, warned the members of the dangers of the conflicting claims of jurisdiction made by different bodies. Four men were killed and 40 more or less inured by the explosion of a large boiler in a scrap puddle furnace at the American Iron and Steel Manufacturing plant at Lebanon, Pa. Frank C. Andrews, the convicted vicepresident of the wrecked City Savings Bank of Detroit, Mich., was taken to the Jackson State Prison to begin serving his 15 years sentence. Mrs. Tingley has appealed from the decision of the board of inquiry in New York to deport the Cuban children designed for the Buddhist home at California. J. W. McNight, former president of the defunct German National Bank of Louisville, Ky., was sentenced to six years in the penitentiary for embezzlement. The grand jury of Freehold, N. J., has not yet indicted Laura Biggar on account of any charge growing out of her alleged marriage to Millionaire Bennett. A young woman ,in whose possession was found a watch chain stolen from one of the murdered Boston women, is likely to prove an important witness in the case. The General Missionary Conference of the Methodist Episcopal Church at Albany, N. Y., decided not to admit the secretaries of conferences as members. The coroner's jury held Charles Cawle-- of Homestead. Pa., responsible for the murder of his mother and four brothers and sisters. Rev. James Hill, a Marylander by birth, and senior member of the Indiana Conference of the M. E. Church, died at the age of 83.