21264. National Bank of San Antonio (San Antonio, TX)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Start Date
August 8, 1893
Location
San Antonio, Texas (29.424, -98.494)

Metadata

Model
gpt-5-mini
Short Digest
1cb034ba

Response Measures

None

Description

Contemporary reports (week ending Aug 8, 1893) list the National Bank of San Antonio as having failed. A September 29, 1893 article reports the bank is 'in the hands of a receiver' and that the president sought permission to reopen but was refused — indicating the bank failed and was placed in receivership (permanent closure). No article describes a depositor run as the primary event.

Events (2)
1. August 8, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Contemporary listings classify the bank as having failed (insolvency) during the Aug. 8, 1893 report period; no specific external rumor or correspondent failure is mentioned.
Newspaper Excerpt
Week ending Aug. 8, 1893.-... Failure of National Bank of San Antonio, Texas.
Source
newspapers
2. September 29, 1893 Receivership
Newspaper Excerpt
President Alexander of the failed National bank of San Antonio was before Comptroller Eckels seeking permission to open the bank again but was refused as the bank was in the hands of a receiver.
Source
newspapers

Newspaper Articles (10)
1. September 30, 1893 Fort Worth Gazette Fort Worth, TX
Article from Fort Worth Gazette, September 30, 1893

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TEXAS AFFAIRS. WASHINGTON, Sept. 29.-(Special.) -President Alexander of the failed National bank of San Antonio was before Comptroller Eckels seeking permission to open the bank again but was refused as the bank was in the hands of a receiver. It can be stated upon good authority that Mr. Carlisle has made up his mind to appoint W. B. Levy of Longview a special inspector of customs, and it will be so announced in a few days. Mr. Levy will probably be stationed in North Dakota. He is supported by Mr. Kilgore. T. J. Taylor of Texas, a clerk In the treasurers office, was today transferred to a higher clerkship from $1000 to $1400 per annum. Mr. Pendleton left today for Chicago to meet his family on their way here. Mr. L. H. Bruchel of Lockport, J. H. Norton of Houston, and Eugene Marshall of Dallas are here as visitors. Mexican war widows pensions granted óday: To Harriet J. Major. Emery. Indian war pensions to H. B. Alverson. Aurora, and A. W. McFarlow. Bell Plains. Indian war widow, to Sarah J. Pittun, Weatherford. Postmasters appointed for Texas: SunNet, W. R. Bellows, vice L. C. Newman tesigned. Walton, D. L. Partin, vice J. A. Baily, resigned.

2. September 27, 1897 New-York Tribune New York, NY
Article from New-York Tribune, September 27, 1897

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INTERESTING CONTRAS DAYS IN 1893 COMPARED WI THE PERIOD SINCE THE DINGLEY LAW WAS ENACTED. [BY TELEGRAPH TO THE TRIBUNE.] Vashington, Sept. 26.-The close of the first si of the operations of the new Tariff law business improvements which are visible direction during that time have sugges comparison of the conditions during the in question with those of the correspo period in the first year of the Cleveland Adn during which time the Free Trade € elected with President Cleveland was just Its attack on the protective system. w) Dingley law sixty days ago re-established. periods from July 24 to September 24 in 1893 and 1897, respectively. present a mar itrast as to business conditions, and it is po to obtain from Government records some fa upon this subject, now of special inter he following data. gathered largely from reports, show a picture of the sixty-day per the year 1893, with which the two months correspond. both as to the portion of and the period of the Presidential Adminis and also of corresponding proximity to ta islation: Veek ending July 24, 1893-Failure of Bozer National Bank. Four Denver banks ele doors. Bank suspensions in other West Two bank failures in Milwaukee, and I numerous other banks. Commercial Bank falls; capital, $250,000. Bank failures Tex., and Knoxville. Tenn.: capital, $ Failure of Tacoma (Wash.) National Ba $200,000; also failures of banks at Gi Mont., and Orlando, Fla.: capital, $200 spension of work in manufactories reported f sections. Veek ending August 1. 1893-National banks inchester, N. H., and Indianapolis, Ind., $500,000. Failure of First National B Spokane, Wash.: capital, $250,000. Ten ba spended in one day (July 27): capital. $2,000 failures in South Dakota. Montana, Illir Texas, Washington, New-Hampshire, respondingly large number of business sus) Veek ending August 8. 1823-Collapse of Chie vision deal, and many failures of commiss Failure of National Bank of El Paso, 1 lure of National Bank of San Antonio, 1 Hure of National Bank of Muncie, Ind. L ngress meets In special session to begin its uction of the McKinley law. Veek ending August 28. 1833-Encounter betw Anarchists and Socialists averted by New-3 meeting of Anarchists broken up by N police. Failure of National Bank at H Penn. Failure of National Bank at Taco Suspension of manufacturing establ in numerous States. Announcement by , of the Currency that 155 National ba 500 private banks had failed during the : August 28. Railroad receivers appoir August for Northern Pacific, Philadel Reading. New-England, and Pittsburg, Al Western eptember-Rallrond receivers appointed for \ Central. Chicago. Peoria and St. Lo eveland, Canton and Southern, and Evans Terre Haute railroads. The mileage of ro in the hands of receivers during the was 25,375. nearly one-seventh of all the I the United States, and their indebtedness. $1, 033. During the year there were 16,115 I amcn

3. October 1, 1897 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, October 1, 1897

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A Comparison That Tells the Story. A comparison has been made, compiled from reliable statistics which no one can question, between the operation of the Wilson law during its first sixty days and the Dingley law for the same period. The period in 1893 marked the beginning of the Democratic attack upon protection and in 1897 its restoration. SIXTY DAYS UNDER THE WILSON LAW. The following data, gathered largely from official reports, presents a picture of the sixty-day period of the year 1893 with which the two months just ended correspond both as to the portion of the year and the period of the presidential administration, and also proximity to the tariff legislation. WEEK ENDING JULY 24, 1893. Failure of Bozeman, Mont., National Bank. Four Denver banks closed their doors. Bank suspensions in other western cities. Two other bank failures in Milwaukee and runs on numerous other banks. Commercial bank of Denver fails, capital $250,000. Bank failures at Vernon, Texas, and Knoxville, Tenn., capital $200,000. Failure of Tacoma, Wash., National Bank. capital $200,000. Failures of banks at Great Falls, Mont., and Orlando, Fla., capital $200,000. Suspension of work in manufactories reported from all sections. WEEK ENDING AUG. 1, 1893. National banks at Manchester, N. H., and Indianapolis, fail, capital $500,000. Failure of First National Bank at Spokane, Wash., capital $250,000. Ten banks suspend in one day (July 27), capital $2,000,000. Bank failures in South Dakota, Montana, Illinois. Kansas, Texas, Washington. New Hampshire, and correspondingly large numbers of business suspensions. WEEK ENDING AUG. 8, 1893. Collapse of Chicago provision deal and many failures of commission houses. Failure of National Bank of El Paso, Texas. Failure of National Bank, of San Antonio. Texas. Failure of National Bank of Muncie, Ind. Fifty-third Congress meets in special session to begin its destruction of the McKinley law. WEEK ENDING AUG. 28, 1893. Encounter between anarchists and soclalists averted by New York police. Meeting of anarchists broken up by New York police. Failure of National Bank of Hindman, Pa. Failure of National Bank of Tacoma, Wash. Suspension of manufacturing establishments in numerous states. Announcement by the comptroller of the currency that 155 national banks and 560 private banks had failed during the year ending Aug. 28. Railroad receivers appointed during August for Northern Pacific, Philadelphia and Reading, New England and Pittsburg, Akron and Western railways. SEPTEMBER. Railroad receivers appointed for Wisconsin Central. Chicago, Peoria and St. Louis, Cleveland, Canton and Southern and Evansville and Terre Haute Railroads. The mileage of roads placed in the hands of receivers during the year 1893 was 25,375, nearly one-seventh of all the lines in the United States, and their indebtedness $1,212,217,033. During the year there were 16,115 mercantile suspensions, involving liabilities amounting to $346,779,889. During the bank suspensions of July loans were made on call at the New York Stock Exchange as high as 72 per cent. The number of minor business failures owing to bank suspensions and to inability to make collections has not been tabulated, but reaches into the hundreds. SIXTY DAYS UNDER THE DINGLEY LAW. WEEK ENDING JULY 24, 1897. From Bradstreet's Financial Journal: Twenty thousand workmen resume work in the iron and steel industries.

4. October 2, 1897 The Providence News Providence, RI
Article from The Providence News, October 2, 1897

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Washington, D.C., Oct. 2.-The reports of business improvement and activity in masufacturing and commercial lines which have come to the front since the enactment of the Dingley law has suggested to somebody with a good memory a comparison of present conditions with those ot the corresponding dates in the first year of the Cleveland administration. It is a curious fact that the enactment of the Wilson law came at just about a corresponding period with the meeting of the free-trade Congress in the first year of Ceveland's second term, [and that it is therefore possible to contrast business conditions under the shadow of approaching free trade with the business condition in the sunshine of returning protection. This comparison is startling. This period covered in the comparison of the two months since the final action upon the Dingley bill compared with the corresponding two months in the Cleveland term. or from July 24 to Seteraber 24, 1893, contrasted with July 24 to Setember 24, 1897. Here is the contrast; it is well worth laying for reference: Week ending July 24, 1893-Failure of Bozeman. Montana, national bank. Four Denver banks closed their doors. Bank suspensions in other Western cities. Two bank failures in Milwaukee, and runs on numerous other banks. Commercial Bank of Denver fails; capital, $250,000. Bank failures At Vernon, Tex., and Knoxville, Tenn.; capital. $200,000. Failure of Tacoma (Wash.) National Bank; capital, $200,000; also failures of banks at Great Falls. Mont., and Orladno, Fla. ; capital, $200,000. Suspension of work in manufactories reported from all sections. Week ending August 1, 1893,-National banks at Manchester, N.H., and Indianapolis, Ind fail; capital $500,000. Failure of First National Bank at Spokane, Wash. ; capital, 2500,000. Ten banks sus pended in one dav (July 27) capital, $2,000,000. Bank failures in South Dakota. Montana, Illinois, Kansas, Texas, Washington, New Hampshire, and correspendingly large number of business suspensions. Week ending August 8, 1893-Collapse of Chicago provision deal and many failures of commision houses. Failure of National Bank of El Paso, Texas. Failure of National Bank of San Antono, Texas. Failure of National Bank of Mounce, Ind. LIIId Congress meets in special session to begin its destruction of the McKinley law. Week ending August 28, 1893-Encounter between the Anarchists and Soeialists averted by New York police. Failure of National Bank at Hindman, Pa. Failure of National Bank at Tacoma, Wash. Suspension of manufacturing establishments in numerous states. Announcement by controller of the currency that 155 national banks and 560 private banks had failed during the year ending August 28. Railroad receivers appointed during August for Northern Pacific, Pt itadelphia & Reading, New England and Pittsburg, Akron & Western. September-Railroad receivers appointed for Wisconsin Central. Chicogo, Peoria & St. Louis, Cleveland, Canton & Southern. Evansville & Terre Haute railroads. The mileage of roads placed in the hands of receivers during the year 1893 was 25,375, nearly one-seventh of all the lines in the United States, and their indebtedness $1,212,217,033. During the year there were 16,115 mercantile suspensions, involving liabilities amounting to $346 779,889. During the bank suspensions of July loans were made on call at the New York Stock Exchange as high as 72 per cent. The following statements of revival of manufacturing industries during the sixty days following the enactment of the Dingley law. the period corresponding with the similar dates in the first year of Cleveland's second term, show the contrast between present conditions and those of the corresponding months of the preceding adminisration. The statements which follow are from "Brad street's:' Week ending July 24, 1897-Twenty thousand workmen resumed work in iron and steel industries. Bigelow Carpet Company, at Clinton, Mass. resumes

5. October 7, 1897 Eagle River Review Eagle River, WI
Article from Eagle River Review, October 7, 1897

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IS INVESTE D. dential administration and also proximity to tariff legislation. Week ending July 24, 1893.-Failure of Bozeman, Mont., National Bank. Four Denver banks closed their doors. Bank suspensions in other Western cities. Two bank failures in Milwaukee and runs on inmerous other banks. Commercial Bank of Denver fails, capital $250,000. Bank failures at Vernon, Tex., and Knoxfille. Tenn., capital $200,000. Failure of Tacoma. Wash., National Bank, capital $200,000: also failures of banks at Great FAR Falls, Mont., and Orlando, Fla., capital $200,000. Suspension of work in manufactories reported from all sections. Week ending Aug. 1, 1893.-National banks at Manchester, N. H., and Indianipolis, Ind., fail, capital $500,000. Failare of First National Bank at Spokane, Wash.. capital $250,000. Ten banks susend in one day (July 27), capital $2,00,000. Bank failures in South Dakota, Iontana, Illinois, Kansas, Texas, Washngton, New Hampshire, and correspondngly large number of business suspenions. Week ending Aug. 8, 1893.-Collapse of Chicago Provision Deal and many failAND TRADL ires of commission houses. Failure of is National Bank of El Paso, Tex. Failure National Bank of San Antonio, Tex. ailure of National Bank of Muncie, Ind. fifty-third Congress meets in special seston to begin its destruction of the McKinley law. Week ending Aug. 28, 1893.-Encounter tween the anarchists and socialists verted by New York police. Meeting of marchists broken up by New York poGC. Failure of national bank at Hindan. Pa. Failure of national bank at acoma. Wash. Suspension of manufactring establishments in numerous States. nnouncement by Comptroller of the Cureney that 155 national banks and 560 er's financial condit tivate banks had failed during the year improved. During t ding Aug. 28. Railroad receivers aphe practiced such ec inted during August for Northern Paslight improvement fic. Philadelphia and Reading, New last fall and fair valu agland, and Pittsburg, Akron and WestII. and hogs, the thrift reduced his debts. September.-Railroad receivers appointfor Wisconsin Central, Chicago, Pethis fall, he is inde and St. Louis, Cleveland, Canton and mortgage. The fall outhern, and Evansville and Terre is as remarkable as ante railroads. The mileage of roads of the rising tide."need in the hands of receivers during the turist. ear 1893 was 25,375, nearly one-seventh all the lines in the United States, and Brief Politica eir indebtedness $1,212,217,033. DurIs there a "famir the year there were 16,115 mercantile spensions, involving liabilities amountThere has been an to $346,779,889. During the bank thirty per cent. in spensions of July, loans were made on article since the fra at the N.Y. Stock Exchange as high ley law. 72 per cent. Those dreary and xty Days of McKinley-Dingleyism. ments showing the The following statements of revival of of business failures inufacturing industries during the sixty following the enactment of the Dingtry during the four law, the period corresponding with the land administration ailar dates in the first year of Clevepearing. The busin d's second term. show the contrast bethe second week of t een present conditions and those of the ber were only 169, responding months of the preceding adcorresponding week histration. The statements which foland they range in tl are from Bradstreet's Financial Jourthe corresponding W Week ending July 24, 1897.-Twenty the Cleveland term. usand workmen resume work in the The contrast betv and steel industries. Bigelow Carplus since the ne Co., at Clinton, Mass., resume work, came in and that du hands. Packer Colliery at Rappahanadministration is ve k, Pa., resumes work, 1,000 hands. Cleveland was com lumbus, 0., Buggy Co., resumes, 400 C., B. & Q. Co. reports full comdreds of millions of ment 2s of hands at work in its railroad bonds to keep up th the Treasury Depart ooga for Trades first time in several years. Chat-

6. October 9, 1897 Custer Weekly Chronicle Custer, SD
Article from Custer Weekly Chronicle, October 9, 1897

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administration and also proxto tariff legislation. Veek ending July 24. 1893.- Failure of zeman, Mont., National Bank. Four banks closed their doors. Bank spensions in other Western cities. Two failures in Milwaukee and runs on merous other banks Commercial of Denver fails, capital $250,000. failures at Vernon. Tex., and KnoxTenn., capital $200,000. Failure of Wash.. National Bank. capital also failures of banks nt Great FARI Mont., and Orlando, Fla., capital 00,000. Suspension of work in manuetories reported from all sections. Week ending Aug. 1. 1893. National at Manchester, N. H., and IndianInd., fail. capital $500,000. Failof First National Bank at Spokane, capital $250,000. Ten banks susin one day (July 27). capital $2. Bank failures in South Dakota, ontana. Illinois, Kansas, Texas, WashNew Hampshire, and correspondlarge number of business suspenVeek ending Aug. 8, 1893.-Collapse of Provision Deal and many failAND TRAD. of commission houses. Failure of IS Bank of El Paso, Tex. Failure National Bank of San Antonio, Tex. of National Bank of Muncie, Ind. ty-third Congress meets in special ses to begin its destruction of the Melaw. ending Aug 28. 1893.-Encounter Pa. Failure of national bank at Wash. Suspension of manufacestablishments in numerous States. nouncement by Comptroller of the Curthat 155 national banks and 560 ican people have lea banks had failed during the year value of our home ma Aug. 28. Railroad receivers apup again to foreigners during August for Northern PaPhiladelphia and Reading. New Wonderfully and Pittsburg, Akron and West"While the newsp been somewhat exa: eptember.-Railroad receivers appoint absolute fact that for Wisconsin Central. Chicago, Peer's financial conditi and St. Louis. Cleveland, Canton and improved. During th rthern. and Evansville and Terre he practiced such eco railroads. The mileage of roads in the hands of receivers during the slight improvement last fall and fair value 1893 was 25,375. nearly one-seventh the lines in the United States, and and hogs, the thrifty indebtedness $1,212,217,033. Durreduced his debts. the year there were 16.115 mercantile this fall, he is Indee pensions, involving liabilities amountmortgage. The fall 1: to $346,779,889. During the bank is as remarkable as pensions of July, loans were made on of the rising tide."at the N. Y. Stock Exchange as high turist. per cent. Days of McKinley-Dingleyism. Brief Political following statements of revival of And now cotton se nufacturing industries during the sixty procession of the far following the enactment of the Dingare advancing in pr law. the period corresponding with the pretty hard to find a dates in the first year of Clevesecond term, show the contrast beproduction which I during the time the present conditions and those of the responding months of the preceding adfalling and the Ding histration. The statements which foloperation. are from Bradstreet's Financial JourThose dreary and ments showing the Veek ending July 24, 1897.-Twenty of business failures usand workmen resume work in the and steel industries. Bigelow Cartry during the four y Co., at Clinton, Mass., resume work. land administration hands. Packer Colliery at Rappahanpearing. The busine Pa., resumes work, 1,000 hands. the second week of tl lumbus, O., Buggy Co., resumes, 400 ber were only 169, \ C.. B. & Q. Co. reports full comof hands at work in its railroad corresponding week for first time in several years. Chatand they range in th Tradesmen announces large numthe corresponding we of iron furnaces in South resuming the Cleveland term. McKenna Steel Works, Joliet, A Cont resume, 400 hands. Spinners at silk Paterson, N. J., receive increase in from 5 to 20 per cent. Pittsburg te Glass Co., Kokomo, Ind., resumes, & hands. Iron Jones Laughlin Central Railroad increases wages employes. Veek ending July 31, 1897.-Tod furYoungstown, O., resume work. of manufacturing concerns in necticut and Pennsylvania resume Furnaces at Birmingham and BesAla., resume work. Algonquin mills, Passaie, N. J., increase 10 to 15 per cent. Atchison RailCo. announces inability to supply cars to meet demands of shippers. Yeek ending Aug. 7, 1897.-Ensign Car nufacturing Co., Huntington, W. Va., work. Cleveland, O., rolling resume, 2,000 hands. Sugar proof Louisiana advance wages 16 per Cotton mills at Laneaster, Pa., re1,000 hands. American Watch Co., Itham, Mass., resumes in all depart1897 Iron works at Mahoning and LebOhio, and Birmingham, Ala., reending Aug. 28, 1897.--Fal! RivWorks resume on full time, 2,700 Fall River Printing Co. resumes time. Columbus, Hocking Valley FREE shops increase from half time to schedule. Illinois Steel Co. anresumption of work. National Works at McKeesport, Pa., anincrease of wages. Union Iron Steel Co., Youngstown, O., resume after a long shut-down. PennsylRailroad shops at Altoona increase to ten hours. Washington, Pa., and Tin Plate Co. doubles working Birmingham, Ala., Railroad extend schedule to ten hours. LawMass., Hosiery Mill resumes, 2,000 Car works at Michigan City, Ind., schedule to twelve hours, with years' work engaged, 1,500 hands. ending Sept. 18, 1897.--Cordage at Isaia, O., purchased for $500,000, reopened at once after several years dieness. East Lake Woolen Mills. 1896

7. October 11, 1897 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, October 11, 1897

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yond the shadow of a doubt that McKinley tariff law had something to do with the inauguration of the great financial panic beginning in 1893. The fact that the Chicago Times-Herald is the staunchest advocate of a high protective tariff, and the added fact that the relations between its editor, Mr. Kohlsaat, and President McKinley are such that the Times-Herald is looked upon as the president's personal organ, makes this showing all the more unexpected and remarkable. The mere fact that the was mixed in its dates, charging the Wilson law with being the cause of things that transpired before the Wilson law was introduced in congress. does not break the force of that organ's arraignment of the McKinley law. The Times-Herald has apologized for its blunder. but the awful record of business failure and industrial depression under the McKinley law still stands. B Jepun '17 IO enss) S11 us Washington date line, the Times-Herald undertook to prove that the Dingley law is productive of prosperity The matter occupies a four column square on the first page, under a flaring head line, and contrasts two periods. One period covers the time from July 24 to September 24, 1893; the other a similar time in 1897. The two periods are printed in parallel columns. That of 1897 is under the sub-heading of "Sixty Days Under the Dingley Law. -qns Jepun SI 3683 JO that heading, 'Sixty Days Under the Wilson Law The latter is here reproDays Under the Wilson MET Week Ending July 24. 1893.-Failure of Bozeman (Mont.) National bank. Four Denver banks closed their doors Bank suspensions in other western cities. Two other bank failures in Milwaukee and runs on numerous other banks. Commercial bank of Denver fails, capital $250,000. Bank failures at Vernon. Tex. and Knoxville, Tenn. capital $200,000. Failure of Tacoma (Wash.) National bank, capital $200,000. Failures of banks at Great Falls. Mont. and Orlanda, Fla., capital $200,000. Suspension of work in manufactories reported from all sections. Week Ending Aug. 1. 1893.-National -UI pue "H N 18 dianapolis, Ind., fail, capital $500,000 Failure of First National bank at Spokane, Wash., capital $250,000. Ten banks suspend in one day (July 27), capital $2,000,000. Bank failures in South Dakota, Montana, Illinois, Kansas, Texas, Washington. New Hampshire and correspondingly large number of business suspensions. Week Ending Aug. 8. 1893.-Collapse of Chicago provision deal and many failures of commission houses. Failure of National bank of El Paso, Tex. Failure of National bank of San Antonio, Tex. Failure of National bank of Muncie, Ind. Fifty-third congress meets in special session to begin Its destruction of the McKinley law. Week Ending Aug. 28. 1893. -Encounter between anarchists and socialists averted by New York police. Meeting MIOX MAN sq dn broken JO police. Failure of national bank of Hindman. Pa. Failure of national bank of Tacoma, Wash. Suspension of manufacturing establishments in numerous states Announcement by the comptroller of the currency that 155 national banks and 560 private banks had falled during the year ending Aug 28 Railroad receivers appointed during August for Northern Pacific, Philadelphia & Reading. New England & Pittsburg, Akron & Western railways September.-Rallroad receivers ap pointed for Wisconsin Central, Chicago, Peoria & St. Louis, Cleveland. Canton & Southern and Evansville & Terre Haute. The mileage of roads placed in the hands of receivers during the year He TO seventh euo '948'97 SBM 2681 the lines in the United States, and their indebtedness 212,217 033. During the year there were 16,115 mercantile suspensions, involving liabilities amount ing to $346,779,889. During the bank suspensions of July loans were made on call at the New York Stock Exchange TO requinu ene ask 21 SE SB minor business failures owing to bank suspensions and to inability to make collections has not been tabulated, but reaches into the hundreds. This is a bad record for the tariff law under which all these calamities occurred. but. unfortunately for the Times-Herald, the Wilson law was not then in operation. In fact, at that time the Wilson law had not been introduced in congress. The congress which passed the Wilson law met in Decem ber, 1893-two months after the ending of the period set forth in the TimesHerald. The Wilson law passed the house on Feb. 1. 1894 four months after the ending of the period set forth by the Times Herald. It passed the sen1994 E Ainr uo u! air nine months after the ending of the period set forth by the Times Herald. After repeated conferences and disagreements the house adopted the sen ate bill entire on Aug. 13, 1894-ten months and 13 days after the expira tion of the period set forth by the Times-Herald. The Wilson law went into effect just 11 months after the ending of the period set forth by the Times Herald. Briefly, every business failure attributed by the Chicago Times-Herald in the above ex S tract to the Wilson law took place un der the McKinley law before the Wilson bill had been introduced in con. gress. In Its efforts to prove that the 941 JOJ SEM ME WITHON business depression in 1893 the Times Herald succeeeds only in proving that the McKinley law was responsible. A correspondent of the Chicago protection organ was quick to discover the hole which engulfed it, and wrote as follows: Editor of the Times-Herald: Did you not make a blunder in your supposedly 4 deadly parallel on Monday morning when you contrasted the workings of S the Wilson and the Dingley acts ano the business failures under them? The period dating from July 24 to Septem ber, 1833, which you say was "sixty days under the Wilson law." was more than 2. year before the Wilson law went into operation, and some months in 01 persented SEM 11 before house. The McKinley law was then in full force. Ought you not as a fair an & great newspaper to retract this mis statement? B. A. M'CONNELL The Times-Herald admitted that a made a grave mistake by publishing one

8. October 15, 1897 Hot Springs Weekly Star Hot Springs, SD
Article from Hot Springs Weekly Star, October 15, 1897

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LABOR IS EMPLOYED. CAPITAL IS/INVESTED lential administration and also proximity to tariff legislation. Week ending July 24, 1893.-Failure of Bozeman, Mont., National Bank. Four Denver banks closed their doors. Bank suspensions in other Western cities. Two bank failures in Milwankee and runs on numerous other banks. Commercial Bank of Denver fails, capital $250,000. Bank failures at Vernon, Tex., and Knoxrille, Tenn., capital $200,000. Failure of Tacoma, Wash., National Bank, capital $200,000; also failures of banks at Great Falls, Mont., and Orlando, Fla., capital $200,000. Suspension of work in manuactories reported from all sections. Week ending Aug. 1, 1893.-National anks at Manchester, N. H., and Indianapolis, Ind., fail, capital $500,000. Failof First National Bank at Spokane, Wash., capital $250,000. Ten banks susend in one day (July 27), capital $2,00,000. Bank failures in South Dakota, Montana, Illinois, Kansas, Texas, Washngton, New Hampshire, and correspondngly large number of business suspenions. Week ending Aug. 8, 1893.-Collapse of Chicago Provision Deal and many fail1 AND ires of commission houses. Failure of National Bank of El Paso, Tex. Failure National Bank of San Antonio, Tex. Failure of National Bank of Muncie, Ind. Fifty-third Congress meets in special sesion to begin its destruction of the McKinley law. Week ending Aug. 28, 1893.-Encounter etween the anarchists and socialists verted by New York police. Meeting of marchists broken up by New York poice. Failure of national bank at HindPa. Failure of national bank at l'acoma, Wash. Suspension of manufacuring establishments in numerous States. Announcement by Comptroller of the Curency that 155 national banks and 560 er's financial rivate banks had failed during the year I ending Aug. 28. Railroad receivers aphe practiced pointed during August for Northern PaPhiladelphia and Reading, New slight impro England, and Pittsburg, Akron and Westlast fall and 1 and hogs, the September.-Railroad receivers appointreduced his for Wisconsin Central, Chicago, Pethis fall, he and St. Louis. Cleveland, Canton and L Southern, and Evansville and Terre is as remark Haute railroads. The mileage of roads of the rising laced in the hands of receivers during the turist. ear 1S93 was 25,375, nearly one-seventh all the lines in the United States, and Brief heir indebtedness $1,212,217,033. DurIs there a the year there were 16,115 mercantile There has 1 suspensions, involving liabilities amountto $346,779,889. During the bank thirty per c suspensions of July, loans were made on article since at the N. Y. Stock Exchange as high ley law. 72 per cent. Those drea Sixty Days of McKinley-Dingleyism. ments show The following statements of revival of of business : manufacturing industries during the sixty days following the enactment of the Dingtry during tl ley law, the period corresponding with the land adminis similar dates in the first year of Clevepearing. Th land's second term, show the contrast bethe second W tween present conditions and those of the ber were on corresponding months of the preceding adcorrespondin ministration. The statements which foland they ras low are from Bradstreet's Financial Journal: the correspo Week ending July 24, 1897.-Twenty the Clevelan thousand workmen resume work in the The contra iron and steel industries. Bigelow Carplus since pet Co., at Clinton, Mass., resume work, came in and 000 hands. Packer Colliery at Rappahanadministrati nock, Pa., resumes work, 1,000 hands. Columbus, O., Buggy Co., resumes, 400 Cieveland W men. C., B. & Q. Co. reports full comdreds of mil plement of hands at work in its railroad bonds to ke shops for first time in several years. Chatthe Treasury tanooga Tradesmen announces large numfied the Subt ber of iron furnaces in South resuming it has all the work. McKenna Steel Works, Joliet,

9. October 21, 1897 The Islander Friday Harbor, WA
Article from The Islander, October 21, 1897

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SOME COMPARISONS OFFICIAL REPORTS SHOW THE DIFFERENCE IN THE TIMES. Under the First 60 Days of the Cleve. land-Wilson Low Tariff the Country Was in a Panic-Under the McKinleyDingley Tariff the Country Confident. E. F. PARSONS, Special Correspondent. Washington, D. C.-The close of the first sixty days of the operations of the new tariff law and the business improvements which are visible in every direction during that time have suggested a comparison of the conditions during the two months in question with those of the corresponding date in the first year of the Cleveland administration, during which time the free trade congress, elected with President Cleveland, was just beginning its attack upon the protective system which the Dingley law sixty days ago re-established. The two periods from July 24 to September 24 in the years 1893 and 1897, respectively, present a marked contrast -Bod St 1! pus conditions business 01 SE sible to obtain from government records some data bearing upon this subject and now especially interesting. The following data gathered from official reports presents a picture of the sixty-day period of the year 1893 with which the two months just ended correspond both as to the portion of the year and the period of the presidential administration and also proximity to tariff legislation: Week ending July 24, 1893-Failure of Bozeman, Mont., National Bank; four Denver banks closed their doors; bank suspensions in other western cities; two bank failures in Milwankee and runs on numerous other banks; Commercial Bank of Denver fails, capital $250,000; bank failures at Vernon, Texas, and Knoxville, Tenn., capital $200,000; failure of Tacoma, Wash., National Bank, capital $200,000; also failures of banks at Great Falls, Mont., and Orlando, Fla., capital $200,000; suspension of work in manufactories reported from all sections. Week ending August 1,1893-Nation-uI pus "H N Manohester 18 queq 18 dianapolis, Ind., fail, epaital $500,000; failure of First National Bank at Spokane, Wash., capital $250,000; ten banks suspend in one day (July 27), capital $2,000,000; bank failures in South Dakota, Montana, Illinois, Kansas, Texas, Washington, New Hampshire, and correspondingly large number of business suspensions. Week ending August 8, 1893-Collapse of Chicago Provision Deal and many failures of commission houses; failure of National bank of El Paso, Texas; failure of National bank of San Antonio, Texas; failure of National bank of Muncie, Ind; fifty-third congress meets in special session to begin its destruction of the McKinley law. Week ending August 28, 1893-Encounter between the anarchists and socialists averted by New York police; meeting of anarchists broken up by New York police; failure of National bank at Hindman, Pa.; failure of National bank at Tacoma, Wash., suspension of manufacturing establishments in numerous states; announcement by comptroller of the currency that 155 National banks and 560 private banks had failed during the year tnding August 28; railroad receivers apppointed during August for Northern Pacific, Philadelphia & Reading, New England and Pittsburg, Akron & West"ure September-Railroad receivers

10. October 21, 1897 The Middleburgh Post Middleburg, PA
Article from The Middleburgh Post, October 21, 1897

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Result of Free Trade and Pro tective Laws. ONE BRINGS RUIN; THE OTHER PROSPERITY Sixty Days Under the Wilson and Sixty Under the Dingley Law. close of the first 60 days of law and vis operations of the new a are in every that 10 compatison B suggested 1919 have during the two months conditions with those of the correspond Cleve question date in the first year of the which ing administration, during elected land the free trade congress be time President Cleveland was just with its attack upon the protective day system ginning which the Dingley law 60 ago two periods re-established. from July 24 to in The the years of 1893 and 1897, 24. spectively, present a marked contrac business conditions, and it is as to to obtain from government ords sible some data bearing upon this and now especially interesting. ject SIXTY DAYS UNDER WILSON LAW The following data, gathered largely official reports, presents a picture 1893 from the 60 day period of the year ended of which the two months just with correspond. both as to the portion and the period of the presi the dential year administration and also proxim ity to tariff legislation. Week ending June 24, 1893.-Failur bank Bezeman, Mont., National doors of Denver banks closed their cit Four suspensions in other western Bank Two bank failures in Milwauke banks ies. runs on numerous other fails and Commercial bank, of Denver, Ver $250,000. Bank failures at capi capital, Tex., and Knoxville, Tenn.: non. $200,000. Failure of Tacoma, Wash. also tal, National bank; capital, $200,000; Mont. failures of banks at Great Falls, Sus Orlando, Fla.: capital, $200,000. and pension of work in manufactories ported from all sections. Week ending Aug. 1, 1893.-Nationa In at Manchester, N. H., and banks dianapolis, Ind., fall: capital, $500,000 of First National bank at bank Spo Failure Wash.: capital, $250,000. Ten kane, in one day (July 27): capital Da suspend $2,000,000. Bank failures in South Texas Montana, Illinois, Kansas, cor kota, Washington, New Hampshire, and business respondingly large number of Week suspensions. ending Aug. 8, 1893.-Collaps Chicago provision deal and Failure many of failures of commission houses. Fail National bank of El Paso, Tex. of of National bank of San Antonio Mun ure Failure of National bank of Tex. Ind. Fifty-third congress destruc meets in cie, special session to begin its tion of the McKinley law. Week ending Aug. 28, 1893.-Encoun