1.
July 6, 1893
Asheville Daily Citizen
Asheville, NC
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PRINT SHOP ASSIGNS. Be veral Banks Close Their Doors In the West. KANSAS CITY, July 7.-The HaskemShaw printing company, one of the largest concerns of the kind in the West, made an assignment yesterdav. EVERETT, Wash., July 6.-The Puget Sound National bank of Everett suspended vesterday. OTTUMWA, Ia., July 6.-A. C. Leighton, a prominent capitalist and speculator, assigned yesterday. Liabilities about $89,000; assets $300,000. WORTHINGTON, Minn., July 6.-The NUNIES company bank closed its doors yesterday. Its money is tied up. SUMAS, Wash., July 6.-Bank of Sumas suspended payment Monday. TOPEKA, Kan., July 6.-Two Kansas banks closed their doors yesterday, the Finney County bank, at Garden, and the bank of Leroy, Coffey county.
2.
July 6, 1893
The Daily Morning Astorian
Astoria, OR
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YESTERDAY'S FAILURES. Kansas and Colorado Banks Compelled to Suspend. Pueblo, Col., July 5.-The panic did not reach Pueblo until this morning, Then it came with a vengeance. When the American National opened for bus iness a large number of depositors were waiting to take out their money. The crowd was great, and about 10 o'clock the doors closed. Runs were com menced on both the Western National and the First National. The Western National closed its doors before noon. Sumas, Wash., July 5.-The Bank of Sumas suspended on Monday. No statement has been made, but it is thought creditors will be paid in full. Everett, Wash., July 5.-On account of the inability to realize on securities, the Puget Sound National Bank of Everett suspended today. The suspension is said to be due to the refusal of Eastern banks to honor heavy drafts on the security offered. The bank or ganized last fall ith a capital of $100,000 Winnipeg, July 5.-The Commercial Bank has gone into liquidation. Liabilities, $1,270,000; assets, 1,981,000. The bills of the bank go under the dominion law. Pueblo, Col., July 5.-The American National Bank has suspended. The assets are $1,250,000; liabilities $635,000. It is believed the bank will resume shortly Howard, S. D., July 5.-Vilas, Christianson & Co.'s bank has failed. No statement is given. Garden City, Kan., July 5.-The Finley County Bank has failed.
3.
July 6, 1893
Alexandria Gazette
Alexandria, VA
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TELEGRAPHIC BREVITIES. Madame Demorest, of New York, was robbed of $3,000 worth of jewels Monday night at a Michigan avenue, Chicago, boarding house. No arrests have been made. Secretary Smith, of the Interior De- the partment, has issued an order to Choctow authorities to prevent the execution of the five Choctaws who were to be shot to-morrow. Vice-President Stevenson will leave Chicago for Buzzards Bay to-night to consult with the President over ques- the tions which may come up during special session of Congress. The refusal of the Treasury Depart- the ment to accept silver bullion at silprices offered yesterday weakened at the New York stock exchange to-day ver and a decline to 73 took place. FulThree negroes were arrested at of Ky., last night for the murder of the ton, Ray girls near Bardwell. One the men was found to have a bloody knife and there was blood on one arm. The oil town of McDonald, Pa., ou the Pan Handle road, narrowly escaped destruction by fire early this morning. the Ten buildings, one of which was esBaptist church, were burned. The timated loss is $90,000. Hundreds of the Texas cattle which have been driven into Oklahoma from the Cherokee strip by the soldiers are dying of the Spanish fever, and farmers along the line are greatly alarmed cattle over the prospects of their domestic have becoming infected. Armed forces gone to the line to shoot any cattlethat may be driven over. Rev. John T. James, of Virginia, who smashed the whisky exhibit at the World's fair on the Fourth of July acted so queerly that the justice allowed He the charge of disorderly conduct. As then fined the reverend vandal $25. Mr. James declared he would go to jail and pose as a martyr for demon drink, the judge remitted the fine. President Cleveland reached Gray Gables at 9:30 o'clock last night, a few minutes before the beginning of the most violent thunder, hail and wind storm that has swept over Buzzards' in Bay for years. The President was good health and had greatly enjoyed his fishing excursion. The President Lais confined to his room. Secretary mont says Mr. Cleveland has an attack of rheumatism in his foot and knee. Prominent parties were engaged in a shooting affair in Richmond, Ind., last night that has caused much excitement. Rev. John Beaver, a well-known divine and evangelist, who has been engaged in religious work for many years, shot One four times at Thomas G. Gray. ball took effect in Gray's thigh and pro- of duced a serious wound. The cause the trouble arose from jealousy of the preacher about his wife. Seymour, the mind- reader, is on his way alive to Chicago, where he is going to be buried after the manner of the Indian magicians, who say they can suspend animation for any period by swallowing their tongues and controlling their heart and mind. "I wont come Mr. back to earth until September 24," said it." Seymour, "and I am positive I can do Last night's thunder shower was very seat Elizabeth, N. J. Lightning struck dethe vere Park Methodist Episcopal Church, stroying the belfry and causing $10,000 damage. The members were holding prayer and meeting in the lecture room at the time they were greatly frightened. Among the failures to-day were the Ameri- Lock Savings Bank, at Omaha; L. C. & can Co., Alma, Ark.; Peter Traucht. Arlington, A.C Ohio; Bank of Sumas, Sumas, Wash.: Bank. Leighton, Ottumwa, Ia.; Nobles County NatWorthington, Minn; and Puget Sound ional Bank, Everett, Wash. After several attempts to agree on n gen- the reduction on World's Fair rates eral principal railroad lines of Cincinnati seem Penn- to have decided to act separately. The sylvania line has taken the initiative in announcing the first cheap excursion to Chicago
4.
July 6, 1893
The Providence News
Providence, RI
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The New York stock market was very humane today. It seemed to have settled down to a quietness that nothing will disturb except the action of congress on the silver question. The London market was closed on account of the royal marriage and the Paris Bourse was practically closed on account of the riot. Hence only about 100,000 shares of stock were traded. Significant features are visible in this market, it is a Breat time for investors, and there. fore a great time for those who have money to use and not to abuse. northwest sells for 102 pays 6 per cent. Pullman sold today at 161, the lowest price quoted since the Baring failure, and it pays 8 per cent. Both of these stocks are generally quoted side by side with bonds. The money market has lost its influence for the time being. The $22,000,000 clearinghouse certificates drawn by the New York banks and the $4,000,000 taken by the Boston banks have had their effect. Money opened at 8 per cent. and closed at 3 per cent. asked with no takers. Readings affairs have reached a crisis: the receivers asked for privilege so issue receiver's certificates and today they were granted permission to do so by Judge Dallass. The bank of England reserve stands at 43.4 as aaainst 50.37 last week. Three banks closethei- doors today. The Puget Sound of Everett, Washington, and two of Pueblo, Colorado. Cut rates are assuming significent proportions. The Union Pacific announces that it will meet the rates of the Northern Pacific and the Great Northern and Portiand next Sunday. Rock Island's increase of 246,000 is credited to increased passenger traffic from newly opened lines. No. Pac., fourth week June, decreased $20,000. Denver and Rio Grande increased for the year net $323,201, and its surplus shows a gain of $509,893.
5.
July 6, 1893
St. Paul Daily Globe
Saint Paul, MN
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Washington Banks Suspend. SUMAS, Wash., July 5.-The Bank of Sumas suspended payment today. No statement was made, but it is thought creditors will be paid in full. EVERETT, Wash., July 5.-On account of inability to realize on securities the Puget National Bank of Everett suspended today. The suspension is said to be due to the refusal of Eastern banks to honor heavy drafts on security affirmed. No statement has yet been made. The bank's capital is $100,000
6.
July 7, 1893
Richmond Dispatch
Richmond, VA
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Western Banks Suspend. [By telegraph to the Dispatch.] EVERETT. WASH.. July 6.-On account of inability to realize on securities the Puget-Sound National Bank, of Everett, suspended yesterday. TOPEKA, KAN., July 6.-Two Kansas banks closed their doors yesterday. The failure of the Finney-County Bank, at Garden City, was not unexpected, as the bank has for some time been in a bad condition. The bank of Leroy, Coffey county, is also closed. WORTHINGTON, MINN., July 6. - -The NobleCounty Bank closed its doors yesterday morning, its owner. Peter Thompson. having made an assignment. Several thousand dollars of county money is tied up. SUMAS, WASH., July 6.-The Bank of Sumas suspended payment Monday. No statement is made, but it is thought the creditors will be paid in full.
7.
July 7, 1893
The Herald
Los Angeles, CA
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BANKS. Comptroller Eckels' Information Abont Suspended Institutions. WASHINGTON, July 6.-The comptroller of the currency is informed that the First National bank of Los Angeles, Cal., and the Southern California National bank of the same place, which suspended recently, will open their doors for business again within 8 few days. The comptroller is informed that the First National bank of San Diego, which reopened for business yesterday, received deposits to the amount of $25,000, as against withdrawals to the amount of $8000. This is regarded as evidence of returning confidence. The Washington National bank of Spoliane reopened for business this morning. Comptroller Eckels states that the information given out in his office yesterday that he directed Bank Examiner Wilson to take charge of the First National bank of Albuquerque, N. M., was a mistake. The name of the failed institution, is the Albuquerque National bank. F ve national banks failed yesterday and this morning. as reported to Comptroller Eckels. They were the American National bank of Pueblo, Colo., the Central bank of Pueblo, Colo., the Puget Sound National bank of Everett, Wash., the National Bank of Ashland, of Ashland, Neb., and the First National bank of Winslow, N. C. Comptroller Eckels has directed Examiner Brown to assume charge of the two above named failed banks at Pueblo: Examiner Horine, of the failed Ashland bank; Examiner Cleary, of the failed Everett bank; Examiner Cascadon, of the failed Winslow, N. C., bank. OMAHA, Neb., July 6.-The American Savinga bank has suspended. Deposits, $153,000; assets, $259,000. WATERTOWN, N. Y., July 6.-A run was started on the Jefferson County Savings bank today. The bank continued paying all demanda after closing hours and it is believed the run is over.
8.
July 7, 1893
New-York Tribune
New York, NY
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FAILURES OF WESTERN BANKS. A FEW MORE SUSPENSIONS REPORTED-TWO BANKS RESUME AGAIN. Omaha, Neb., July 6.-The American Savings Bank suspended this morning with deposits of $133,000 and assets of $239,000. It was involved in the embarrassment of the American Loan and Trust Company. through the latter's enterprise, the Omaha and South Texas Land Company. Everett. Wash., July 6.-On account of inability to realize on securities the Puget Sound National Bank. of Everett. suspended yesterday. The suspension is said to be owing to the refusal of Eastern banks to honor heavy drafts on security affirmed. No statement is yet made. The bank's capital is $100,000. Worthington, Minn., July 6.-The Noble County Bank closed its doors yesterday morning, and its owner, Peter Thompson. made an assignment. Several thousand dollars of county money are tied up. Sumas, Wash., July 6.-The Bank of Sumas suspended payment on Monday. No statement was made. but it is thought creditors will be paid in full. Topeka. Kan., July 6.-Two Kansas banks closed their doors yesterday. The failure of the Finney County Bank, at Garden City, was not unexpected. as the bank has for "Some time been in bad condition. The bank of Leroy, Coffey County, also closed. Washington, July 6.-The Controller of the Currency is informed that the First National Bank of Los Angeles, Cal., and the Southern California Bank of the same place. which suspended recently, will few open their doors for business again within a days. Controller Eckels is adopting precautions in all cases where suspended banks apply for permission to resume. to make sure that the banks are put on an absolutely sound basis before the request is granted in order to guard againt a second suspension within a short time. The Controller is informed that the First National Bank of San Diego, Cal. which reopened for business yesterday, received deposits to the amount of $25.000, as against withdrawals to the amount of $8,000. This is regarded as an evidence of returning confidence. The Washington National Bank of Spokane reopened for business this morning. Controller his Pckels states that the information given out m office yesterday that he had directed Bank Examiner Wilson to take charge of the First National Bank of Albuquerque, N. M., was a mistake. The name of the failed bank was the Albuquerque, N. M., National Bank. Five National banks failed yesterday and this morning, as reported to Mr. Eckels. They were the American National Bank of Pueblo, Col.: the Central National Bank of Pueblo, Col.: the Puget Sound National Bank, of Everett. Wash.: the National Bank of Ashiand, Neb., and the First Na tional Bank of Winston, N. C. Controller Eckels has directed Examiner Brown to assume charge of the two banks at Pueblo. Examiner Horine of the Ashland bank, Examiner Cleary of the Everett bank and Examiner Carskadon of the Winston bank.
9.
July 8, 1893
Santa Fe Daily New Mexican
Santa Fe., Santa Fe, NM
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CONDENSED NEWS. Silver sold down to 71 yesterday. The Vikings ships will reach Chicago today from Newport. The Columbus Caravels arrived at Chicago yesterday and were given an enthusiastic welcome. Frank Melbourne has made another failure to bring rain from the clouds at Cheyenne. Reading, Pa., has been badly cut up by a terrific hail storm. The stones were as large as hickory nuts. Miss Edith, daughter to James M. Drake, the millionaire New York banker, has mysteriously disappeared. A cyclone has destroyed a number of buildings at Huron Lake, Mich., and freight cars were blown from the tracks. There came very near being a disastrous fire in the World's fair grounds last night, but the blaze was extinguished with not much damage. The Puget Sound National bank of Everett, Wash., with capital at $100,000, has suspended. The bank of Lunas, Wash., has also suspended. Chicago is beginning to realize on its World's fair investment, there being over $1,000,000 a day spent by the visitors. Work at the mines on Iron mountain, Mo., has suspended after going on continuously for fifty years, and several hundred men were discharged. The disappearance of timber and exhaustion of the vein are the occasion of this. Sec. Smith will start from Washington to-night in a special car for a visit to the northwest, including a stop at Yellowstone park, where he will make an examination of its conduct. It will be his first trip west of the Mississippi. The Rev. Dr. McGlynn says in a New York interview that he went to Rome merely to pay his respects to the pope, and to receive personally his apostolic benediction. He hopes to be able to say mass publicly ere long.
10.
July 13, 1893
Echo De L'ouest
Minneapolis, MN
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e Faillites de Banques et autres depuis quelques jours -Edw. J. Binford de Denver,Col., a fait faillite. Passif 218,000 dollars. L. Banque of Lesueur, de Le sueur, Minn., a ferme 8°B portes. Passif 225,000 dollars. La Albuquerque National Bank d'Albuquerque, N. M, a suspendu ses paiements. L'American National Bank de Puibla, Col., a déposé son bilan. Fermée est la Puget Sound Na tional Bank de Everett, Wash. La National Bank of Ashland, Neb., a fait faillite, ainsi que la First National Bank de Winston, N. C. M. Ward banquier de Forestville N, Y. g'est suicidé et il parait que le déposants ne verront ja mais grand chose de leurs 100,000 dollars. La Northern National BaLk de Big Rapids, Mich, a fermé ses portes. La Lloyd's National Bank de Jamestown N. D. a suspendu ses paiements. La "Normania Society" de Min neapolis a fait faillite. Passif 75,000 dollars. John L. Davie, banquier d'Auburn, Ill la Thorton Banking House de Shelleyville, Ill., et la Holt county of O'Neil, Nebraska ont fait faillite. Insolvables sont: L'Arkansas State Bank de Stuttgard. La Farmers et Traders Bank de De Wett, Ark. La Chamberlin Investement Co. de Denver, Col. A. Y. Davidson et Co. banquiers de Philadelphie, Pa. La State Bank de Shurbert Neb. La North Galveston Loan et Investement Association de Galveston Texas. La Kangas City Safe Deposit et Trust Co. de Kansas City, Mo., au capital de 300,000 dollare. Passif 1,700,000 doliars.
11.
July 15, 1893
Chicago Eagle
Chicago, IL
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NATIONAL BANKS COLLAPSE. Five More Placed in Charge of Examiners -Other Business Troubles. Five national banks failed Thursday, as reported to Comptroller Eckels. They were; The American National Bank of Pueblo, Col. : the Central National Bank of Pueblo, Col.: the Puget Sound National Bank of Everett, Wash.: the National Bank of Ashland, Ashland, Neb.; and the First National Bank of Winston, N. Y. Comptroller Eckels has directed Examiner Brown to assume charge of the two failed banks at Pueblo, Examiner Hovine of the failed Ashland bank. Examiner Cleary of the failed Everett Bank. and Examiner Carskadon of the failed Winston Bank At Omaha. the American Savings Bank suspended. with deposits of $153,000 and assets of $259,000. It was involved by the embarrassment of the American Loan and Trust Company, through the latter's enterprise, the Omaha and South Texas Land Company. L. C. Lock & Co., merchants of Alma. Ark., have been closed up on attachments aggregating $20.000. Receivers were appointed for the Northwestern Hardware Company. an Illinois corporation. with offices in Philadelphia
12.
July 22, 1893
Evening Star
Washington, DC
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Bank Receivers Appointed. The controller of the currency has today appointed Mr. William A. Rice receiver of the Puget Sound National Bank of Everett, Wash., and Mr. George B. Hoffman receiver of the Bozeman National Bank, Bozeman, Mont.
13.
July 23, 1893
St. Paul Daily Globe
Saint Paul, MN
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Lucky Ex-St. Paulite. Special to the Globe. W ASHINGTON, July 22.-On the recommendation of Col. Chauncey W. Griggs, of Tacoma. but formerly of St. Paul, William A. Rice became receiver of the Puget Sound National bank at Everett, Wash. Mr. Rice formerly resided in St. Paul. His new position pays $3,000 per year.
14.
July 23, 1893
The Helena Independent
Helena, MT
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Selected by the Comptroller. WASHINGTON. July 22.-The comptreller has appointed Wm. A. Rioe receiver for the Paget Sound National bank, Evereit. Wash.. and Goo. B. Hoffman, receiver for the Bozeman National bank, as Bozeman, Mont.
15.
July 23, 1893
The Herald
Los Angeles, CA
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NATIONAL BANK FAILURES, Two Hundred Since the First of January. Five of Them Were United States Depositories. The National Bank of Kentucky Closes Its Doors. Several More Collapses in Mllwaukee. Business Failures Throughont the Country-Financlal Gossip. By the Associated Press. WASHINGTON, July 22.-Since the 1st of January 200 national banks have closed their doors, against less than 50 for the same period last year. Of the failures this year, five have been United States depositories, as follows: First National bank of Little Rock, Ark. ; Gate City National bank of Atlanta, Ga. ; People'a National bank of Denver, Colo. German National bank of Denver, Colo. Kentucky National bank of Louieville, Ky. This latter bank, which closed its doors today, had by the last report received $330,000 of United States funds. The government, however, will not lose anything by these failures, as each national bank that is a government depository has to deposit United States bonds to the amount of the government money it is allowed to carry. In addition to the heavy failure of the government depository at Louisville, three other failures of national banks were reported to Comptroller Eckels this morning-the State and First National banks of Kernon, Texas, capital $100,000 and $80,000 respectively, and the State National bank of Knoxville, Tenn., capital $100,000, all email institutions. The deposits in each are in the neighborhood of $100,000. The comptroller has appointed William A. Rice receiver of the Puget Sound National bank of Everett, Wash., and George Hoffman receiver of the Bozeman National bank of Bozeman, Mont.
16.
July 23, 1893
The Sun
New York, NY
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Western Banks that Are Closed. GREELEY. Col., July 22-The Union Bank made an assignment yesterday morning to James F. Benedict of Denver. It is thought this step was voluntarily taken to avoid the contingency that might arise should some creditors take advantage of the attachment law. The bank is perfectly solvent and not a depositor will lose a dollar. TACOMA. Wash., July 22.-A. G. Foster was appointed receiver of the Traders' Bank yea. terday. President Fitch states that the assets will pay all the obligations and leave a large surplus. Henry A. Strong of Rochester. N. 1.0 and John D. Rockefeller were the largess stockholders. It is expected that the bank will resume soon. TOPEKA. Kan., July 22.-The First National Bank of Anthony closed its doors yesterday and posted up notice of assignment. Its ase sets are $154, 000 and liabilities $50,000. RUSSELL. Kan., July 22.-The First National Bank of this place closed this afternoon. and was taken possession of by C. M. Sawyer on order of the Comptroller of the Currency. No statement is made. WASHINGTON. July 22.-The Comptroller has appointed William A. Rice receiver of the Puget Sound National Bank of Everett. Wash., and Mr. George 8. Hoffmann receiver of the Bozeman National Bank. Bozeman. Mont.
17.
October 24, 1893
The Record-Union
Sacramento, CA
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A Bank Reopens for Business. PORTLAND (Or.), Oct. 23.-The Puget Sound National Bank of Everett, Wash., which closed its doors during the recent financial panic, reopened for business today.
18.
October 24, 1893
The Anaconda Standard
Anaconda, MT
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Two Washington Banks Resume. PORTLAND. Oct. 23.-The Puget Sound National bank of Everett. Wash., and the First National bank of Ellensburg, Wash., which closed their doors during the recent financial panic, reopened for business to-day. -
19.
October 24, 1893
The Daily Morning Astorian
Astoria, OR
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ANOTHER ONE REOPENED. Everett, Wash., Oct. 23.-The Puget Sound National Bank, which suspended in August, reopened for business today.
20.
October 24, 1893
The Salt Lake Herald
Salt Lake City, UT
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Oregon Banks Re-open. Portland, Ore., Oct. 23.-The Puget Sound National bank, of Everett, Wash., and the First National bank of Ellensburg, Wash., which closed their doors during the recent financial panic, reopened for business today.
21.
October 25, 1893
St. Paul Daily Globe
Saint Paul, MN
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Two Banks Reopen. PORTLAND, Or., Oct. 24.-The Puget Sound National bank, of Everett, Wash., and the First National Bank of Ellensburg, Wash., which closed their doors during the recent financial panic, have reopened for business.
22.
October 25, 1893
Fort Worth Gazette
Fort Worth, TX
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BANKS REOPEN. PORTLAND. Ore., Oct 24-The Puget Sound National bank of Everett. Washington, and the First National bank of Ellensburg, Washington, which closed their doors during the recent financial paule have reopened. of
23.
October 25, 1893
The Morning Call
San Francisco, CA
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Two Banks Reopen. PORTLAND, Oct. 24.-The Puget Sound National Bank of Everett, Wash., and the First National Bank of Ellensburg, Wash., which closed their doors during the recent financial panic, have reopened for business.
24.
October 26, 1893
The Austin Weekly Statesman
Austin, TX
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National Banks Reopened. PORTLAND, Oct. 24.-The Puget Sound National bank of Everett, Wash., and the First National bank of Ellensburg, Wash., which closed their doors during the recent financial panic have reopened.