21366. Commercial National Bank (Ogden, UT)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
3139
Charter Number
3139
Start Date
July 10, 1893
Location
Ogden, Utah (41.223, -111.974)

Metadata

Model
gpt-5-mini
Short Digest
dd88ab92

Response Measures

None

Description

Cashier Oscar E. Hill embezzled/defrauded the bank (defalcation ~$50k–80k). Bank failed to open in early July 1893 (reports give July 8–10) and went into voluntary liquidation/suspension; depositors were said to be secured and there were no runs. Stockholders made up the deficiency and the bank reopened September 6–7, 1893 under controller authorization. Dates vary slightly across dispatches; I use July 10 for the initial suspension and 1893-09-07 for reopening per multiple reports.

Events (5)

1. March 19, 1884 Chartered
Source
historical_nic
2. July 10, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Defalcation/embezzlement by cashier Oscar E. Hill discovered (amounts reported $50k–80k), prompting the bank to close/enter voluntary liquidation temporarily.
Newspaper Excerpt
The Commercial National bank, of Ogden, will not open for business today. Cashier A. E. Hill is said to be a defaulter to the extent of $53,000.
Source
newspapers
3. July 11, 1893 Other
Newspaper Excerpt
The Commercial was taken in charge by that gentleman. To-morrow morning a corps of experts will go to work on the books and a report will be made to the treasury department at Washington. The Commercial was thought to be one of the strongest in the city, and its failure to open this morning caused the greatest excitement. ... The depositors are fully secured. ... The Commercial was taken in charge by Cashier Adams of the Utah National bank special examiner. (dispatches describe examination and voluntary liquidation).
Source
newspapers
4. September 7, 1893 Reopening
Newspaper Excerpt
The Commercial National bank, which was wrecked on July 8th by the cashier, Oscar E. Hill, ... will reopen to-morrow morning, the stockholders having made the defalcation good.
Source
newspapers
5. July 31, 1925 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (20)

Article from The Seattle Post-Intelligencer, July 10, 1893

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BUSINESS TROUBLES. Commercial National bank. of Ogden. will not open for business today. Cashier a E. Hill is said to be a defaulter to the extend of $53,000. The depositors are fully secured. A Application has been made for s receiver for the Providence Cold Storage Exchange, of Chicago, with $700,000 assets and $200,000 liabilities. The exchange has perishable goods valued at $750,000 stored.


Article from The Anaconda Standard, July 11, 1893

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A CASHIER CONFESSES After Robbing His Bank for Years He Suffers From Remorse. OGDEN'S LARGEST BANK The Defalcation Will Reach Eighty Thousand Dollars-Other Banks Safe-A Clothing Firm Assigns. Special Dispatch to the Standard. OGDEN, Utah, July 10.-The Commercial National bank, capitalized at $150,000, failed to open its doors this morning. on account of the defalcation of its cashier, Oscar E. Hill. who for the past six years has been systematically robbing the bank and so carefully covered up his work that the directors and even the national bank examiner were deceived. The defalcations amount to between $60,000 and $80.000, and the bank people only gained knowledge of it through confession made by Hill to President Armstrong. The cashier's plan has been to falsify the reports of daily business by showing big credits from foreign banks. when. in reality, the Commercial was in their debt. The reports of cash on hand were also tampered with. in order to hide some large loans made on his own hook by the cashier. One loan. for $32,000. was made to Hill's brother-in-law in Idaho. Most of the money was used in real as tate speculations in Utah. California and Idaho. This afternoon the treasury do partment appointed Cashier Adams of the Utah National bank special examiner.and the Commercial was taken in charge by that gentleman. To-morrow morning a corps of experts will go to work on the books and a report will be made to the treasury department at Washington. The Commercial was thought to be one of the strongest in the city. and its failure to open this morning caused the greatest excitement. The other banks had been given notice. however, and when banking hours arrived were amply prepared to meet all demands. Contrary to expectations. depositors made no runs on other institutions and to-night the balances in the banks are a great deal larger than they were this morning. A feeling of financial safety now prevails and business has resumed its usual condition. All the banks in the clearing house. of which there are four. have pledged support to each other and no trouble whatever is anticipated. Ogden's banks are considered to be in remarkably good shape. The defaulting cashier, Hill. was arrested late to-night on complaint of Presi) dent Armstrong by United States Marshal ) Exum and held in bonds of $20,000, which he failed to secure and he is in custody of . the marshal. r Matson Barnes & Co., wholesale grocers, . made an assignment this evening with . assets of $39,000 and liabilities. $19,000. , This afternoon. William Harcombe & I Co., Ogden's largest clothing firm. made . an assignment for the benefit of their 3 creditors, naming George H. Matson as assignee. The assets are $42,000 and the t liabilities. $25,000. The creditors are ) principally foreign wholesalers. although several local people are affected, the Citisone' bank holding the company's paper for $2,000.


Article from Alexandria Gazette, July 11, 1893

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Failures. The Kansas City Safe Deposit and Savings Bank, one of the largest institutions of its kind in Missouri, made an assignment this morning. The banking house of W. T. Thorr_ ton & Son, at Shelbyville, Ill., failed yesterday. The liabilities are probably $500,000. The assets may reach half a million. Thos. M. Thornton, the propri. etor, owns large landed estates and other good security, and it is hoped he will be able to pay dollar for dollar to all depositors. He reserves nothing and in any event will be left penniless. As a result of the Thornton bank failure Charles E. Woodward, of the Star mills of Shelbyville, was compelled to assign to-day. Liabilities $75,000; assets $55,000. The Commercial National Bank of Ogden, Utah, failed to open its doors yesterday morning, owing to the speculations of cashier Hill, who was a defaulter to the extent of $53,000. The North Galveston, Texas, Land and Improvement Association went into the hands of a receiver yesterday. The liabilities are estimated at $500,000. The Hercules Iron Works Company of Chicago, owner of the cold storeage warehouse, which was destroyed by fire yesterday, made an assignment this morning. Charles, Henry E. and Ella C. Hoyle, of St Louis, who as heirs have jointly managed an estate, have made an assignment. Assets $235,000, less incumbrances aggregating $168,000. Liabilities about equal to the assets.


Article from The Indianapolis Journal, July 11, 1893

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Other Business Troubles, KANSAS City, Mo.. July 10.-The French Commission Company. doing a grain commission business at No. 201 and 203 New York Life Building 11: this city. at Springfield. Joplin. Cartbage and Nerada in Missouri. and at Fort Scott and Pittsburg, in Kansas, made an assignment this afternoon to Schooling Chapline. The French Commission Company is the oldest and largest straight grain commission firm in Kansas City. It bas been in business twen. ty years. C. D. French ie president, C.P. Moss secretary and J. H. Owens trease urer. The capital was $25,000. The assets are placed at $12,000. Libilities not given. GALVESTON, Tex., July 10.-To-day C.A. Reese was appointed by the District Court receiver of the Galveston Trust Company. The appointment was made upon appliention of the Minneapolis Trust Company, which is receiver of the Northwestern Guaranty Loan Company. The latter in. stitution had invested in Galveston Trust Company about $760,000. which the Galveston Trust Company used in improving a town-iotenterprise near here. CLEVELAND, O., July 10.-The Kennard House, one of the leading hotels of the city, was placed in charge of an assignee this morning. Assets and liabilities will not exceed $25,000. The business will be continued by the assignee, Mr. George H. Sohwan. SALT LAKE, U. T., July 10.-It has been discovered that Oscar E. Hill, cashier of the Commercial National Bank of Ogden. 18 a defaulter to the amount of $65,000. The bank will go into voluntary liquidation. PHILADELPHIA, July 10.-The failure of A. Y. Davidson, stock broker, trading as A. Y. Davidson & Co., was announced on the Stock Exchange this afternoon. WASHINGTON, July 10. - Controller Eckels has authorized the Southern Callforma National Bank of Los Angeles, Cal., to reopen its doors for business. NEW YORK, July 10.-George E. Watson & Co., formshinus of households, failed this morning. Liabilities exceed $175,000.


Article from Deseret Evening News, July 11, 1893

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Other Failures. Yesterday was a veritable "black Friday" (coming on Monday this time) in Ogden. The announcement of the failure of the Commercial National bank to open its doors, on account "of the defalcation of the cashier;" was followed by a limited number of other and smaller suspensions. Rumor had it that five houpes had gone to the wall but this was found to be incorrect as only three mercantile firms and the bank closed.


Article from Daily Kennebec Journal, July 12, 1893

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NEWS NUGGETS South and West Brought by the Wires From the North. East. Bank, one Kansas City Safe institutions Deposit & Savings of the have The Missouri, of the largest assigned Tuesday. Borden kind It is in reported that the N. Misses Allen property on purchased the Charles River, in an aristocratic live. French of the street, city Fall and will move to England there to and part submitted code of proposals France has to improve the If these signals America of merchant an shipping. international conproposals be the approved subject will be held. is ference case on of wholesale 25 poisoning families agitating are sick. Mankfield, A at O. the In point made all of by death, a local the cheese result 110 cheese men. of eating and sold by grocery Bank company persons Chashier of OgThe Commercial suspended National Monday. $53,000. den. is Utah. a defaulter to the nothing. extent of Hill has a Hill Depositors turned over will all his lose property to has the ordered bank. The central government to blockade Rio "quadron du to Sul. be prepared The latest dispatches with the cap- say eral Grande that tured Admiral steamer Jupiter denkolk has joined the Fedflotilla. E. Wing. piano dealer. 85000 Lynn. in debts Mass. and numerous has J. fled. leaving creditors some children to mourn were his left departure. without where means His wife and and Tuesday two went to Bangor, 1 they have relatives. correspondent of the London of the it K Graphic The Malta reports took that part the in captains maneuvres will be of 1 1court-martialed vessels Mediterranean which equadron for not off obeying Tripoli, Admiral rTryon`* banking fatal signal. house of W. failed T. Thornton. Monday r Their reach & Son. The Shelbyville. probably III., $600,000 The and liabilities are half a million. g n township bank their assets was a and Henry may depository county E. funds. and for Ella all jointly C. the Hoyle man. city, of St. Charles. Louis. who as have heirs made have an assignment Assets, of a aged an estate. interests. their combined property incombrance* aggregating meet Id is 8168,000 $235,000, liabilities less about equal to surviving by K. ill net Gen. assets. Eli S. Six Parker. Nations the Indians, Grant. last and ex-scout now n. and chief guide of the for the York late Gen. police headquarters. He at the New Tuesday. so retains was clerk stricken consciousness with paralysis and is able to speak. has ut y. He is 71 years Orodilla. of age. Capt. Santos. Holland. Capt. arrived The brig at Philadelphia survivor from of the original the st of Hoiland is the only having =uccumbed Holland's to k, r ravages crew. eight of yellow men of the fever. misery Capt. and heartrend- sufferings r " fever in stricken is description from yellow ing. Thousands have died. Santos been Business is WAS 45 with ves- at a standstill without et crews. to et i . sels complete i e ase lying and in have Santos and river there were Acting their # et There was Preston's but one counter response proposition that was limited to the Director Monday, and silver at ee of p silver brokers. of 100.000 ounces call of was from York by rs 711-2 to an offer cents per telegraph ounce. after The accepted. the close An- se- of New and was Wednesday to effort will and as the price the other office be promptly made pence in Lon- to im don cure Tuesday more silver was be that up one-eighth the department will lat 33 1-8, it may more than 71 1-2. of at 48 e United have national The to steady States pay bank increase bonds notes based office. is in attracting the upon and circulation been may deposits attention made lead of to to ve of the an increase deposited. A been et A secure in stronger the comptroller's effort than bonds has yet proportion already stack of ne abof several issues hundred to the letters has Eckels. asking by Comptroller Carliale recommend that he and the increase of value of the bonds. 95 per cent cent now rcito received Congress Secretary of the par the allowed. note issues eiereinstead erto of Jenkins the 90 per in the United States handed court at the suit a to alboon on begit Judge decision Chicago. in Brown Tuesday, restrain brought directors the by I.-World's rffWanamaker Columbian and Exposition gates on Sunday i from is a defeat that the ne/The the court in a court and Brown. decision opening the Fair standing holding for Wanamaker filed com- by of . plainants The have issue alleging no was a that demurrer the complain- direcThine defendants. had elected their as could not now existained this dayors artequity thants and stockholders Jenkins question the post- disiri: net-retion. helion. throwing Judge the ease out of court.


Article from New-York Tribune, July 12, 1893

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was wholly unexpected, as the house has long been looked upon as one of the strongest private banks in Central Illinois. It was the depository of the county, city and township funds, the county treasurer alone being involved to the amount of more than $30,000. Mr. Thornton has large landed estates and other good security. and it is hoped he will be able to pay dollar for dollar to all depositors. He reserves nothing. and in any event will be left penniless. The bank has always enjoyed a large patronage and been backed by ample capital. and was therefore a popular depository for rich and poor. Hundreds of business men and farmers are involved, and the failure will probably prove 1 great blow to all business interests. As a result of the Thornton bank failure. Charles E. Woodward. of the Star Mills, of this city, was compelled to assign to-day, with liabilities of $75,000 and assets of $55,000. C. S. Woodward is the assignee. Salt Lake City, July 11.-The Commercial National Bank of Ogden failed to open its doors yesterday morning. The directors called a meeting of all the other banks in the city on Sunday and gave notice that owing to the speculations of O. F. Hill. the cashier, who was a defaulter to the extent of $33,000. the bank's capital was so much impaired that they had decided to go into liquidation. The directors are wealthy men. and depositors will lose nothing. Hill has not yet been arrested, but has turned over all his property to the bank. There were no runs on the other banks, all of which claim to be in strong condition. Harcombe & Co., of Ogden, merchants, made an assignment yesterday, having assets of $42,000 and liabilities of $25,000. Boston. July 11.-Eugene R. Knapp. a well-known builder of Brookline, has assigned. His assets and liabilities are not stated. Auburn. Ind., July 11.-The private bank of John L. Davis did not open for business this morning, and C. A. Davenport has been appointed assignee. There was no run on the bank and the assets and lia bilities cannot as yet be learned. Mr. Davis also operates a private bank at Garrett, Ind. Milwaukee, July 11.-Mr. Zabel, lessee of the Schlitz Park Opera Company, made an assignment to-night which cuts short the summer engagements of a number of singers. The company has been losing $2,000 a week for some time. O'Neill, Neb., July 11.-The Holt County Bank failed this morning. No statement is as yet obtainable. Philadelphia, July 11.-Frederick J. Amweg. of this city, the contractor for the State Asylum for the Chronic Insane at Wernersville, failed to-day with liabilities at $300,000. Mr. Amweg SAVS that it he has time to complete the asylum and other contracts. his assets will be $500,000. Stringency of the money market and untrue rumors that he used bad material in constructing the Wernersville Institution. which affected his credit, are given as the causes of the embarrassment.


Article from Burlington Weekly Free Press, July 13, 1893

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2:22 Class. Trotting, Purse 8500. J., chg. Trimble Corinne, b m. Cheney 4 Prinsonan. ch Balley and Sheridan.. 6 3 Puritan, D 5. Deinorest 5 3 Caprice. b m. Golden 6 3 Dora Thorne, bm. Livingstone 5 5 Jennie, b m. Kerwick dis. J.M.T. b g. Bowen Time. 2.1794, 2.20. 2.1934 League standing. Per Per Won. Lost. Cent. Won. Lost Cent. .656 Philade'p .500 Cincinnati.ru .6.3 31 .450 Baltimore.27 Boston... 38 .586 24 Cleveland. 31 33 t.Louis. 27 .450 .583 4.9 Brooklyn. 25 Wash'gt'n.26 36 .548 28 .400 Pittsburg. 34 Chicago... 24 33 .459 34 New York.23 .320 Louisville. 16 CONDENSED DESPATCHES. Edwin J. Binford of Denver, Col., coal dealer, has assigned. Assets $218,7 770; liabilitied $76,804. The official sanitary report shows that the health conditions of Hamburg are good, although the beat is intense. to effect a esfrom jail at Ionia, cape In an attempt and Mich., killed. wholesale Monday, three prisoners were shot lord chief was taken suddenly the land, Lord Coleridge, ill justice Tuesday of at EngNewcastle assizes. The court was adjourned. The late Hiram Camp's will, it is understood, will provide handsomely for Mr. Moody's Northfield seminary at Northfield, Mass. Cashier Argaboright of the State bank at Shubert, Neb., has skipped with $21,000 of the bank's funds. The bank has BUSpended. Fatal floods have occurred in the Kulstein and Zillerthal districts in the Tyrol, and it is feared that the damage will be great. The Spanish caravels arrived at Jackson Park Friday. The weather was delightful and an elaborate reception programme was carried out The Bank of Lesueur, Minn., has made an assignment, ostensibly to protect home depositors. Liabilities $225,000; assets about the same. Foxhall Keen's colt El Telegrapho won the world's fair $25,000 stakes Saturday at Washington Park. Five and a half furlongs: time 1:13. At a meeting of directors of the kite track at Old Orchard, Me., Monday afternoon it was voted to offer $6000 in purses for races August 1, 2, 3 and 4. insanity, Sunday, Frank a During Bages, temporary prosperous farmer with of hatchet Wauseon, Ohio, killed his wife a and then shot himself dead. At Richmond, Ind., a carriage containing Mrs. Ganse, her son and daughter, aged and 9, was struck by a train Sunday night and all three were instantly killed. Mrs. Bancroft, the well -known actress, was thrown from a cab in London Monday and run over. She received injuries that necesstiated her removal to a hospital. Michael Burman of Providence, R. I., aged lost his life Sunday evening by the of a boat in which two were rowing on the companions capsizing 23, he Seehonk. of and The Glendon Iron company Easton, Pa., has been forced by the depression in the iron trade to shut down. It will be six months before the fires are lighted again. Word has been received at Topeka, Kan., of the drowning of William Waddell, his wife and four children, while in camp on the border awaiting the opening of the Cherokee strip. On Lake Minnetonka, Minn., Saturday Cornell and Pennsylvania varsity eights rowed a four mile straight way race, and Cornell won by three lengths; time 23:52. Hiram Camp, expresident of the New Haven Clock company, died at his home in Fair Haven late Saturday night. Mr. Camp had been in poor health for a year or more. The last Russian crop report issued by the of agriculture the of winter and summer department prospects indicates wheat that have improved greatly since the beginning of June. Private advices from Rio Grande Do Sul, Brazil, received in New news that Admiral confirm the York Monday of Wandelkolk the night revohas joined his fortunes to those lutionists. D. S. Kreeder, has wife and four children N. D., were murdered Friday by their hired man A are of morning burgh. Cando, posse scouring named the country Bomfor the murderer. There was a terrific rain and lightning storm Saturday, in the vicioity of Lyons, N. Y., rain falling faster than ever known before. Incalculable damage was done, especially, to the crops. Nellie shot and an operator, Sunday night, killed Horton, C. R. Hagan, Hagan, telegraph it Oakland, Cal., motorman. is conjectured, had refused to fulfill his prom ise to marry the girl. There is widespread suffering among the miners in the upper peninsula of Michigan and northern Wisconsin, owing to the abut It is down of iron mines in these regions. estimated that 12,000 men are idle. It has been discovered that Oscar E. Hill, cashier of the Commercial National bank of Ogden, Utah. is a defaulter to the amount of $65,000. The bank will go into liquida tion, but the depositors will lose nothing. The resignations of the following members of the board of pension appeals have been requested to take effect July 31: Isaiah W. Quimby of Ohio, Alvan T. Tracy of Connecticut and Charles L. Wilson of Maryland.


Article from The State Herald, July 14, 1893

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Utah. Grasshoppers In great numbers have appeared In the vieinity of Pleasant Green, near Salt Lake. and are dealing destruction to all kinds of vegetation. Osear E. Hill, cashier of the Commercial National bank of Ogden. has been discovered a defaulter In the sum of $54,000. The discovery was made on the 8th when Hill was forced to make a showing of the status of the business. Experts have discovered the crookedness of Hill to cover a period of six years. That he had been able to delude the government Inspector and the directors for so long is an evidence of one of the most adroit steals in the history of banking In the West. But for the defalcation the Commercial Na. tional was one of the most solvent banks In the city, as its directors are among the wealthiest men in Ogden. One of them is H. O. Harkness of McCammon. Idaho, J. C. Armstrong of Ogden is president of the bank which was organized In 1884, having been n private bank for ten years previously. lta capital stock was $150,000 with is $40,000 reserve fund. The deposits were low, #140.000, Depositors will be fully paid. bat the bank will not resume. Cashier Hill is n young man and has a wife and one child. He has aged parents somewhere in California. Up to date he stood high In the confidence of his employers and the community. He has been In the banking business for many years, taking the position of cashier In the Commercial when It was made a national Institution. He has assigned his home and all his property to the bank. He will without doubt be prose. cuted by the government. The defalcation will result In well-nigh ruining some of the stockholders.


Article from The White Pine News, July 15, 1893

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LOCAL AND GENERAL NEWS. Silver 71c. Lead $3 40. Nevada wool is selling in San Francisco at from 10 to 13 cents a pound, with a downward tendency. The Board of Pardon meet on July 12th. There are a number of cases to be considered. Utah will spend $1,000,000 to secure Statehood at the next session of Congress. Jackson, an old resident of the was bed T. Comstock, O. found dead in in his cabin lost Saturday morning. The Lovelock New Era says that those who planted sugar beat seed this year report the crop doing nicely. Joseph Rosenstock, formerly an Elko merchant, died in Omaha on the 4th, at about 63 years of age. Mr. Julia Briggs and daughter Daisy came up from San Francisco Tuesday and are visiting with Mrs. McGill at the Monitor ranch. A marriage license has been issued for John P. Phalan and Miss Annie A. Green. The parties reside in the north end of Steptoe Valley. Two prisoners escaped from the Carson State Prison last Saturday. They were subsequently captured a few miles away, on the Carson river. A. a Salt Lake Geo. mining Mears, man, committed prominent suicide in that city last Saturday morning. Financial trouble was the cause of the rash act. Dandruff forms when the glands of the skin are weakened, and, if negsure lected, baldness is the to best follow. Hall's Hair Renewer is preventive. A fakir or fortune-teller paid Ely a visit the first of the week and raked in a few sheckels from those who wanted to take a "peep into the future." It is currently reported-and the report is probably correct--that Postmaster Graham has purchased David Felsenthal's stock of general merchandise in Taylor. The goods will be moved down here. A full cargo of choice family groceries and provisions, etc., unloaded at Hayes' wharf last Saturday. Another cargo to arrive in a few days. Prices lower than ever. Dr. Laugardiere recently reported to the French Academy of Medicine that a teaspoonful of flour sulphur in a tumbler of water is a sure cure for croup. N. C. Noe returned yesterday from from Muncy, Nev., with a large assortment of ore samples from his properties there. He was accompanied on the trip by a representative of an Eastern syndicate of capitalists.-S. Journal 10th. The Commercial National bank of Ogden has closed its doors temporarily on account of the defalcation of Oscar E. Hill, the cashier, who, during the past six years has stolen $50,000 from the concern. Depositors will be paid in full. The Monitor mill was started up last on ore Sunday from the Taylor mines. The run will last about three weeks, and will probably end the company's operation at Taylor for some time, if not altogether. Whether Pasteur and Kock's peculiar of treatment modes not, their theory will ultimately of blood prevail or contamination is the correct one, though not original. It was on this theory Mass., nearly that Dr. fifty J. C. years Ayer, ago, of Lowell, formulated Ayer's Sarsaparilla. Joe Sabron, of Currant Creek, tells the Sentinel: "We have the finest crop of apples, peaches, and other fruits of all kinds that we have ever had on Currant Creek, but with silver down to nothing I am very much afraid that the most of it will rot for want of a market." When, by reason of a cold, or from other cause, the stomach, liver and no should be lost in to kidneys become disordered, stimulating them time action. Ayer's pills act quickly, safely


Article from The Salt Lake Herald, July 18, 1893

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Likely to Resume. An effort is to be made to reopen the Commercial National bank at Ogden. The stockholders are to assemble this evening, and it is expected that an assessment will be made so as to raise sufficient funds to meet the defalcations of the cashier. That sounds like business and looks like an honest determination to maintain the credit and standing of the institution. Whatever blame some people may think attaches to the managers of the establishment in failing to discover the peculiar methods by which the cashier carried on his work of deception, it is clear that the bank failed temporarily, not because of ordinary business losses but through the dishonesty and cunning book work of an employe. The institution is therefore entitled to more public sympathy in its difficulties than if speculation and bad business ventures had wrecked it and brought ruin to others. The present determination is praiseworthy, and it is to be hoped it will be carried out successfully. A great deal will depend of course on the der positors. If they are disposed to be seasonable and helpful, and will refrain from crowding upon the bank and running it under, the probabilities are that the institution will be placed upon its feet again and be able to pay out every dollar that can be demanded of it. Salt Lake is interested in the prosperity of other cities of this territory. Nothing can affect them substantially without influencing this city. The announcement of the blow that had fallen upon the Ogden bank was a sorrow to the best people here, and the news that it has recovered from the shock and is again in good financial order, will be received here with unfeigned gratification.


Article from The Record-Union, September 7, 1893

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Utah Banks in Good Condition. OGDEN, Sept. 6. -The Commercial National Bank, which was wrecked on July 8th by the cashier, Oscar E. Hill, who has since been held for trial on four indictments, will reopen to-morrow morning, the stockholders having made the defalcation good. When the institution opens they will have on hand nearly 50 per cent. more cash than is subject to check. Of the three Utah banks which suspended during the recent financial storm all have now resumed. The affairs of all Utah banks are in splendid condition.


Article from The Helena Independent, September 7, 1893

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Banks and Factories Resume, OGDEN, Utah, Sept. 6.-The Commercial National bank, which was wrecked July 8 by Cashier Oscar E. Hill, will reepen tomorrow mo ning, with nearly 50 per cont more cash than is subject to check. Of the three Utah banks which suspended during the recent financial storm all have now reenmed. The affairs of all other banks are in splendid condition. NEW YORK, Sept. 6.-Notices of resump. tion of factories in various parts of the eastern and middle states continue to come in. Many other concerns are preparing to resume operations.


Article from Deseret Evening News, September 7, 1893

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UTAH BANKS. All in n Spiendid Condition -An Ogden Bank Resumes. OGDEN, Utah, Sept. 6.-The Commercial National bank, which was wrecked July 8th by Cashier Oscar E. Hill, who has since been held for trial on four indictments, will reoten tomorrow morning, the stockholders having made the defalcation good. When the institution opens it will have on hand nearly 50 per cent more cash than is subject to check. Of the three Utah banks which suspended during the recent financial storm all have now resumed. The affairs of all other Utah banks are in & splendid condition.


Article from Evening Star, September 7, 1893

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Banks Resume Business. The Commercial National Bank of Ogden, Utah, which suspended payment July 10, 1893, having complied with the conditions imposed by the controller of currency, and its capital stock being unimpaired, has been permitted to reopen its doors for busiiness. The following national banks have also resumed business under authority from the controller: The First National Bank of Mankato, Minn.; the National Citizens' Bank of Mankato, Minn., and the Mankato National Bank of Mankato, Minn.


Article from The Seattle Post-Intelligencer, September 9, 1893

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CONDENSED DISPATCHES. The Republicans of Colorado talk of dispand. ing the party in the state and reorganizing on a free silver basis. The gunbost Castine, on 8 four hours' trial at Bath, Me, averaged 15.6 knots, beating the record of the Machiae. The report that the cruiser Baltimore, now en route to the Asiatie station, has secret orders to proceed to Honolula, is false. A report on the Hawalian question is being prepared by Secretary Grosham for the president, who will transmit it to congress. The subsidiary high court of the Ancient Order of Foresters, in session at Buffalo, elected Dr. Jame: M. O'Neill high chief ranger. All three of Utah's suspended banks have TOsumed. the Commercial National, of Ogden, wrecked by Cashier Oscar Hill, being the last. No tidings have been received of the Atlas line steamship Alvo, which sailed from New York for Southern ports more than twenty-even days ago. The Virginia prohibitionists nominated this ticket: Governor, Col. J. R. Miller: lieutenant governor, James L Tyler: attorney general, W. B. Kagley. It is reported that Secretary Carlisle, who needs money, contemplates coining the seignforage is the treasury, $51,000,000, without authority from congress. The Maryland Republicans reaffirmed the Minneapolis platform and nominated Joshua Homer, president of the American National bank, for comptroller of the state treasury. Miss Jennie Hammond, of Bellaire, O., visited the Midway Plaisance at the World's fair, fell in love with Abdul Lateef, manager of the Turkish village, and they are to be married. The race from New York to Southampton between the American line steamship New York and the White Star line steamship Teutonic ended Wednesday afternoon, the New York winning by more than three hours. Troops have set fire to the prairie in the Cherokee strip, dislodging the "sooners" hidden in the bushes and hollows of the prairle. The names of all "sooners" esptured are taken and placed on a blacklist, and none of them can file on a claim.


Article from Wood River Times, September 9, 1893

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Special to the TIMES.] CHICAGO, Sept. 8. A most extraordinary rumor is current here and believed by Congressmen generally well informed. It is to the effect that Secretary Carlisle contemplates coining the seigniorage without any authority from Congress, under the general power which he claime is conferred upon him to coin gold and silver. The seigniorage in the treasury amounts to about $51,000,000. The secretary is very urgent to do this, and it seems to be the opinion that he will venture to do it, unless the President shall disapprove of it, without waiting for any affirmative action from Congress. The rumor seems astounding and it is only repeated because it receives general credit. The secretary needs money because the customs receipts are falling off and because importers, in expectation of reduced duties, are making no importations. THE EXPENDITURES MUCH EXCEEDING THE RECEIPTS. WASHINGTON, Sept. 8. At no time since the war have the eustoms receipts been so low as now. The matter is causing Mr. Carlisle a good deal of worry. In the treasury last night the cash balance was reduced to $105,000,000, inclusive of the gold reserve and $1,000,000 abraded and uncurrent subsidiary coin. What is left of the dep'eted gold reserve continues to be the only cash balance in the treasury with which to pay current expenses. The receipts are now running about $170, 000 per day behind the expenditures. For the first time the import duties have fallen below the internal revenue receipts. For the fiscal year from July. 1 to the present time the government expenditures exceeded the receipts by $19,000,000. At this rate the deficit at the end of the year will be very large. ASIATIC CHOLERA IN THE COMMONS. LONDON, Sept. 8. Almost a panic was created in the House of Commons by the official announcement that a scrub woman employed in the house died to-day un. der very suspicious circumstances. A careful examination was made to determine definitely whether or not it was a case of cholera. Many members left the house forthwith. The doctors' examination leaves scarcely a doubt that the woman died of Asiatic cholera. UTAH BANKS IN SPLENDID CONDITION. OGDEN, Sept. 8. The Commercial National Bank, which was closed July 8. owing to embezzlements by Cashier Oscar E Hill, who is held for trial on four indictments, reopened this morning, the stockholders having made the defalcation good. The institution opened with 50 per cent. more cash OD hand than was subject to check. The three Utah banks which sus-


Article from The Salt Lake Herald, September 9, 1893

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OGDEN IS to be congratulated on the present fact that all her banks are in running order and are in safe and sound condition. If it had not been for the wrong doing of a cashier, there would have beer no black eye in the face of her finances. The Commercial has resumed and its temporary closing was not from failure.


Article from The Coeur D'alene Press, September 16, 1893

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Only two business houses of Cayucos, Cal., survived a fire. Miss Frances E. Willard, the great temperance apostle, will not be able to resume work for at least a year. The home of T. W. Riley, Silver Hill, burned with his five children, aged from five to thirteen, while the older members of the family were at church The Minnesota Iron Company people are thoroughly alarmed over the new Rockefeller combine and are preparing to form another syndicate fully as pow erful. Chinese papers report the flood the most extensive since 1800. One thou sand four hundred villages were de stroyed, and 1,000 lives lost in Kiang Tung, Three directors of the Northern Pa cific, who are identified with the Wisconsin Central. have sent in their resign nations as members of the Northern Pacific directory. The new Cunarder Lucania which reached New York from Qeenstown Friday evening on her maiden trip, made the remarkable time of 5 days, 13 hours and 46 minutes. The Smith & Wesson revolver manufacturers have posted a notice of a gen eral reduction in wages in lieu of a shutdown, giving as reasons proposed changes in tariff laws. At Ward's county convict farm, near Morrilltown, Ark., six convicts made a break for liberty Saturday One was killed by the guards, two were badly wounded and three escaped. Mrs. Jane Wright, an employment agent in Kansas City, was mardered in an office building, having been chock ed and beaten terribly. The crime was committed by two cooks named Henry Jones and John Clarke, the object belog robbery. rs. Cleveland was safely delivered of a little daughter at the White house Saturday. This is the first time in the history of the republic that the wall of a new born infant of a president of the United States has been heard within the walls of the White house. Inquiries at the British embassay at Paris show there is no doubt that fresh complications Involving the peace of Europe, as well as a serious dis turbance in the east have arisen be tween France and Slam They are so serious, indeed that Ambassador Duf ferin has given up his intended trip to Switzerland. Benjamin Jackfon, a colored man was lynched near Quincy Ala His crime was that of poisoning a well. which resulted in the death of a man named Woodmeyer and his three chil dren. Several others who drank of the water may die. Four other negroes thought to be implicated have been ar rested. A collision occurred yesterday on the New York, Chicago & St. Louis rail way near Leipsic. Ohio between two freight trains, because of the neglect of a telegraph operator to deliver train orders Jack Davidson, engineer was killed; Percy Uncer, fireman, fatally injured, and C. Merritt and others badly injured. The interior department is consider ing the opening of the Uncompahgre and Ulntah Ute Indian reservations in Utab, embracing in all about 1,000,000 acres The conditions are practically the same as those under which the large Cherokee strip is to be opened 6,000,000 acres, on the sixteenth of this month It is believed by Collector Kilbreth and others that there is 10 organization of Chinese smugglers with headquarters at Hong Kong and agents in this coun try aided by the Free Masonry Kin ship and money among them Ste dents and actors come from the Pacific coast to New Orleans in bond, and go thence to Havana, where they remain a month or more. They are Instructed here and pass a rigid examination en tering at New York as students and actors in large numbers but are soon found in laundries and restaurants. THE Commercial National bank of Ogden, Utah, resumes today All of the banks which suspended in Utah have now resumed. CITIZENS of Coffee county, Georgia, are searching with bloodhounds for a brutal negro. who is reported to have two white girls in captivity THE prohibitionists of Massachu setts met Wednesday adopted the usual platform and adjourned. The populists have also put a ticket In the field BOB FITZSIMMONS, the middleweight e


Article from The Coeur D'alene Press, September 16, 1893

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THE Commercial National bank of Ogden, Utah, resumes today All of the banks which suspended in Utah have now resumed.