Article Text
Bank Suspends. W ASHINGTON, D. C., Nov. 23.-The comptroller of the currency to-day recolved notice that the Brown National bank at Spokane, Wash., has suspended payment. Bank Examiner Flynn has been placed in charge.
22367. Brown National Bank (Spokane, WA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Start Date
- November 23, 1894
- Location
- Spokane, Washington (47.659, -117.426)
Metadata
- Model
- gpt-5-mini
- Short Digest
0fb4b0ca
Response Measures
None
Description
Multiple contemporaneous newspaper notices (Nov 23–24, 1894) report the Brown National Bank of Spokane suspended payment, closed its doors and 'went into insolvency.' Bank Examiner Flynn was placed in charge, indicating official takeover/receivership. No run is described in the articles; failure appears driven by insolvency/bank-specific problems ('cramped for funds').
Events (3)
1.
November 23, 1894
Other
- Newspaper Excerpt
- The Brown National bank closed its doors today and went into insolvency. The failure was not a surprise, as the bank was known to be cramped for funds. Cashier Shaw put the assets at $11,650; liabilities, $77,900; deposits, $29,800.
- Source
- newspapers
2.
November 23, 1894
Receivership
- Newspaper Excerpt
- Bank Examiner Flynn has been placed in charge.
- Source
- newspapers
3.
November 23, 1894
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank was insolvent / 'cramped for funds' leading to suspension of payments and closure.
- Newspaper Excerpt
- The Brown National bank at Spokane, Wash., has suspended payment. Bank Examiner Flynn has been placed in charge.
- Source
- newspapers
Newspaper Articles (10)
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National Bank Suspends. WASHINGTON, Nov. 24.-The comptrol ler of the currency received notice that the Brown National bank at Spokane Wash., had suspended payment. Bank Examiner Flynn has been placed in charge.
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National Bank Suspends. W ASHINGTON, Nov. 24.-The comptroller of the currency received notice that the Brown National bank at Spokane, Wash., had suspended payment. Bank Examiner Flynn has been placed in charge.
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SPOKANE BANK BURSTS. Spokane, Nov. 23.-The Brown National bank closed its doors today and went into insolvency. The failure was not a surprise, as the bank was known to be cramped for funds. The suspension caused no flurry in business circles. There was a small withdrawal from other banks, but they are in no danger. Individual deposits, subject to check at the time of the last published statement, amounted to $43,000, as the bank had long ago paid off most of the depositors. Cashier Shaw put the assets at $11.650; liabilities, $77,900; deposits, $29,800. The bank was organized in 1889. J. J. Browne was chief stockholder and its president.
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IN session at Indianapolis republican state senators decided to reapportion the state congressional districts. THE Oklahoma territory executive committee called a statehood convention to be held at El Reno November 28. WHILE attempting to separate Thomas and Michael Neill, fighting in the street at Cheyenne, Wyo., Charles Brultar killed them both. THE noted art collector and philanthropist, William T. Walters, died at his home in Baltimore, aged 74 years. IN national convention at New Orleans the Knights of Labor decided that none but the American flag shou Id be carried in their parades. AT the age of 100 years Mrs. Mary Kennedy died at Ashland, III. THE women of the Christian Temperance league of Keokuk, Ia., criticised Mrs. Cleveland for christening the ste amer St. Louis with wine. IN Minneapolis Henry G. Sidle, expresident of the First national bank, has made an assignment, with liabilities of $100,000. A MOB lynched a negro at Landrum, S. C., for assaulting a white girl. A WILD hog killed a 14-months-old babe at Sacred Heart, O. T., and seriously injured its mother in her fight to save it. WINDSTORMS swept portions of Mississippi and in the vicinity of Meridian great damage was done to houses and trees. WORKMEN caused an explosion while drying dynamite before a fire at Charleston, W. Va., and two men were killed and two injured. MRS. MARTINO left her children, aged 4 and 2 years, alone in the house at Hastings, Col., and it caught fire, cremating them. AT Spokane, Wash., the Brown national bank suspended payment. HEART disease caused the death of Carleton B. Hutchins, of Detroit, inventor of a refrigerator car and a large manufacturer. IN the Okaw river bottoms near Pana, Ill., forest fires burned ten dwellings. FIRE at Carson, Ia., swept away one of the principal streets. RENDERED despondent by his wife's approaching death, Charles E. Allen, aged 60, of Crawfordsville, Ind., cut his throat. THE death sentence was pronounced upon Myron R. Kent. who caused his wife to be killed in order to secure her life insurance at Mandan, N. D. WHILE robbing a grave in a neighboring town five students of a medical college at Kansas City, Mo., were arrested. AT the age of 101 years Mrs. Bridget Duffy died in Denver, Col. A DROUGHT ruined three-fourths of the winter wheat sown in the western third of Kansas FLAMES caused by a defective flue destroyed a block of dwellings in Kansas City, Mo., the loss being $100,000. REV. C. W. BLODGETT says the ratio of divorces to marriages is greater in Galesburg, III., than in any other city in the country. JOHN S. JOHNSON cut the 2-mile bicycle record from 4:01 to 3:54 4-5 at Louisville. WHILE on their way to church Isaac Taylor and wife and Miss Kidwell were run down and killed by a train on a bridge at South Branch, Md. NEARLY the entire business portion of Marion, N. C., was burned, the loss being estimated at $125,000. IN an incendiary fire at Springfield, III., one man lost his life and scores of horses were burned. 1 AT Brookside, Ala., three men were fatally shot by moonshiners, who took them f
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thropist, William T. Walters, died at his home in Baltimore, aged 74 years. IN national convention at New Orleans the Knights of Labor decided that none but the American flag should be carried in their parades. THE women of the Christian Temperance league of Keokuk, Ia., criticised Mrs. Cleveland for christening the steamer St. Louis with wine. IN Minneapolis Henry G. Sidle, expresident of the First national bank, has made an assignment, with liabilities of $100,000. A MoB lynched a negro at Landrum, S. C., for assaulting a white girl. A' WILD hog killed a 14-months-old babe at Sacred Heart, O. T., and seriously injured its mother in her fight to save it. WINDSTORMS swept portions of Mississippi and in the vicinity of Meridian great damage was done to houses and trees. WORKMEN caused an explosion while drying dynamite before a fire at Charleston, W. Va., and two men were killed and two injured. MRS. MARTINO left her children, aged 4 and 2 years, alone in the house at Hastings, Col., and it caught fire, cremating them. AT Spokane, Wash. the Brown national bank suspended payment. HEART disease caused the death of Carleton B. Hutchins, of Detroit, inventor of a refrigerator car and a large manufacturer. IN the Okaw river bottoms near Pana, IH., forest fires burned ten dwellings. FIRE at Carson, Ia., swept away one of the principal streets. RENDERED despondent by his wife's approaching death, Charles E. Allen, aged 60, of Crawfordsville, Ind., cut his throat. THE death sentence was pronounced upon Myron R. Kent. who caused his wife to be killed in order to secure her life insurance at Mandan, N. D. WHILE robbing a grave in a- neighboring town five students of a medical college at Kansas City, Mo., were arrested. AT the age of 101 years Mrs. Bridget Duffy died in Denver, Col. A DROUGHT ruined three-fourths of the winter wheat sown in the western third of Kansas. FLAMES caused by a defective flue destroyed a block of dwellings in Kansas City, Mo., the loss being $100,000. REV. C. W. BLODGETT says the ratio of divorces to marriages is greater in Galesburg, Ill., than in any other city in the country. JOHN S. JOHNSON cut the 2-mile bicycle record from 4:01 to 3:54 4-5 at Louisville. WHILE on their way to church Isaac Taylor and wife and Miss Kidwell were run down and killed by a train on a bridge at South Branch, Md. NEARLY the entire business portion of Marion, N. C., was burned, the loss being estimated at $125,000. IN an incendiary fire at Springfield, Ill., one man lost his life and scores of horses were burned. il AT Brookside, Ala., three men were fatally shot by moonshiners, who took them for officers.
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Reno November 28. A NEW counterfeit $20 United States note bearing the vignette of Hamilton was forwarded to the treasury department from Newark, N. J. SECRETARY GRESHAM for the United States and Minister Kurino for Japan have signed the new commercial treaty. THERE were 822 business failures in the United States in the seven days ended on the 23d, against 270 the week previous and 885 in the corresponding time in 1893. HENRY G. SIDLE, ex-president of the First national bank of Minneapolis, has made an assignment, with liabilities of $100,000. ANEGRO was lynched at Landrum, S. C., for assaulting a white girl. AT Sacred Heart, O. T., a wild hog killed a 14-months-old babe and seriously injured its mother in her fight to save it. VIOLENT windstorms swept portions of Mississippi and in the vicinity of Meridian great damage was done to houses and trees. WHILE drying dynamite before a fire at Charleston, W. Va., workmen caused an explosion and two men and two injured. Col., Mrs. her 4 2 years. were AT children, Hastings, killed aged and Martino alone left in the house, which caught fire, cremating them. THE Brown national bank at Spokane, Wash., suspended payment. MYRON R. KENT. who caused his wife to be killed in order to secure her life insurance, was condemned to hang at Mandan, N. D. FIVE students of a medical college at Kansas City, Mo., were arrested while robbing a grave in a neighboring town. EARTHQUAKE shocks were felt in Connecticut at Croton, Mystic Lynn and Miatic. No damage was done. TEST cases were commenced against the United States by sugar growers, whose bounty was cut off by the new tariff bill. GEN. CASEY, chief of engineers of the war department, urges the securing of fortification sites at all large seaports. THE barns of the Traction company at Allegheny, Pa., were burned, and forty-nine horses perished in the flames. FOREST fires in the Okaw river bottoms near Pana, III., burned ten dwellings. CARSON, Ia., was visited by fire, one of the principal business streets being swept away. CHARLES E. ALLEN, aged 60, of Crawfordsville, Ind., rendered despondent by his aged wife's approaching death, cut his throat. SAMUEL CARSON, an escaped convict, who had been a Chicago cabman for ten years, has fallen heir to $10,000 and surrendered himself. Theannual report of Superintendent Stump, of the immigration bureau, for the fiscal year ended June 30, 1894, shows that 288,020 immigrants arrived in this country. The report says that more foreigners are leaving the country than are coming in. THE centennial of the birth of William Cullen Bryant, the poet, was celebrated at Princeton, Ill. FIRE caused by a defective flue dee stroyed a block of dwellings in Kansas e City. Mo., the loss being $100,000. ACCORDING to Rev. C. W. Blodgett the ratio of divorces to marriages is greater in Galesburg, Ill., than in any city in the country. t AT Louisville John S. Johnson cut f the 2-mile bicycle record from 4:01 to 8:54 4-5. f IT was discovered that for nine years d Samuel C. Seely, bookkeeper of the d Shoe and Leather bank in New York, had been robbing that institution, his stealings aggregating $354,000. THREE miners convicted of incene diarism in the Pennsylvania strikes r last June were sentenced to seven years' solitary confinement and hard labor. THREE-FOURTHS of the winter wheat e sown in the western third of Kansas 1 was ruined by a drought. d ONE man lost his life and scores of borses were burned in an incendiary g fire at Springfield, Ill. d Six men were injured in the Yale Harvard football game at Springfield, e Mass., which was one of the most fiercely contested ever played, Yale e being the winner t FRANCIS MURPHY appeared before an le immense audience at Pittsburgh, Pa. the occasion being the eighteenth is niversary of the inauguration of the "blue ribbon movement" in that city. e THREE citizens of Brookside, Ala. e were fatally shot by moonshiners, who e took them for officers. DURING a quarrel Jacob Mohow shot t Mrs. Kate Doman at Lancaster, Pa. aand then killed himself. is Ex-CONGRESSMAN WALTER H. BUT LER, principal of the normal college Oelwein, Ia., disappeared mysteriously oA NEW and dangerous counterfeit d silver certificate made its appearance ain Omaha. It bears the portrait , William Windom, and the signatures of W. S. Rosecrans, register of the as treasury, and E. H. Nebeker, treasur e United States series.of 1891
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The News Condensed. Important Intelligence From All Parts. DOMESTIC. WILLIAM P. HAZEN, the chief of the secret service of the treasury department, in his annual report shows that during the year the total number of arests made was 687, nearly all of which were for violations of the statutes relating to counterfeiting United States money. The amount of altered or counterfeit notes captured during the year was $21,300. WOMEN of the Christian Temperance league of Keokuk, Ia., criticised Mrs. Cleveland for christening the steamer St. Louis with wine. THE dean and six students of Cottner university at Lincoln. Neb., were arrested for grave robbing. THE Knights of Labor in national convention at New Orleans decided that none but the American flag should be carried in their parades. ROBERT FITZSIMMONS was exonerated by the coroner's jury at Syracuse, N. Y., from any criminal intent in the death of Con. Riordan. H D. MORGAN, treasurer of the United States, in his annual report says the net ordinary revenues for the fiscal year ended June 30 were $297,722,019, a decrease of $88,097,609 as compared with the year before. The net ordinary expenditures were $367,525,674. Including the public debt the total receipts were $724,006,538 and the expenditures $698,808,552. HUKER BECH. a Hungarian emigrant bound from Buda Pesth to North Dakota, landed in New York with his family of three and a fortune of $120,000. THE Citizens' national bank of Spokane, Wash., which failed in 1893 and then resumed, has gone into liquidation. Assets, $425,000; liabilities, $240,000. IN attempting to separate Thomas and Michael Neill, fighting in the street at Cheyenne, Wyo., Charles Brultar killed them both. THE remains of Gen. John C. Fremont were placed in the Rockland cemetery at Sparkill. N. Y. THE exchanges at the leading clear. ing houses in the United States during the week ended on the 23d aggregated $1,019,959,895, against $1,019,202,328 the previous week. The increase, compared with the corresponding week in 1893, was 7.8. FIRE at Eldon, Ia., destroyed the Rock Island chutes, 1,000 tons of coal, several cars and two residences. Total loss, $120,000. REV. FRANK L. GOODSPEED was installed as pastor of the 'irst Congregational church at Springfield, Mass. He is the eleventh pastor in 257 years to occupy the First church pulpit. THE National Fraternal congress in session at Buffalo, N. Y., elected S. A. Well. of Pittsburgh, as president. THE chairman of the Oklahoma territory executive committee called a statehood convention to be held at El Reho November 28. A NEW counterfeit $20 United States note bearing the vignette of Hamilton was forwarded to the treasury department from Newark. N. J. SECRETARY GRESHAM for the United States and Minister Kurino for Japan have signed the new commercial treaty. THERE were 322 business failures in I the United States in the seven days ended on the 23d, against 270 the week previous and 385 in the correspondb ing time in 1893. HENRY G. SIDLE. ex-president of the y First national bank of Minneapolis, G has made an assignment, with liabilities of $100,000. AT Sacred Heart, O. T., a wild hog II killed a 14-months-old babe and seriS onsly injured its mother in her fight to save it. g a A NEGRO was lynched at Landrum. t S. C,, for assaulting a white girl. ti VIOLENT windstorms swept portions a of Mississippi and in the vicinity of Meridian great damage was done to C houses and trees. ti WHILE drying dynamite before fire at u Charleston, W, Va., workmen to caused an explosion and two men were killed and two injured. t.l AT Hastings, Col., Mrs. Martino left m her children, aged 4and 2 years, alone y in the house, which eaught fire, eremating them. a THE Brown national bank at Spoknne, Wash. suspended payment. in MYRON R. KENT, who caused his wife to killed in order to secure her life at insurance, was condemned to hang at W Mandan, N. D. N FIVE students of a medical college at Kansas City, Mo., were arrested while fr robbing a grave in a neighboring town. of re EARTHQUAKE shocks were felt in in Connecticut at Croton, Mystic Lynn and Miatic. No damage was done. of TEST cases were commenced against en the United States by sugar growers,
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Harrison & Noyes. The liabilities are fixed at $100,000, and it is thought the assets will fall considerably below that amount. The assignment was brought on by the fact that yesterday several notes came due which could not be met. It has been generally known for some time that Mr. Sidle was heavily involved. and it is understood that his block on Nicollet avenue is mortgaged and that his homestead, corner of Fourth avenue south and Seventh street, will be sold. Washington, Nov. 23.-The comptroller of the currency today received notice that the Brown National Bank, of Spokane, Wash., had suspended payment. Bank Examiner Flynn has been placed in charge. Chicago. Nov. 23.-Earnings of the Chicago, Milwaukee & St. Paul for the third week in November were $611,054, a decrease of $111,226, compared with the corresponding week of last year. 1 Guthrie, O.T., Nov. 23.-The failure of Jacobs & Co.'s Boston store is the worst that has ever occurred in Oklahoma. The assets foot up about $7,400 with liabilities amounting to about $75,000. Cooperstown, N. D., Nov. 23.-Henry Retzlaff, one of the pioneer citizens of Cooperstown and a prominent busicommitted suicide last night by hanging himself to a door knob. It is thought that temporary insanity caused by financial difficulties prompted the act. Nov. 22.-Kennett Hopkins, of Chicago, said: Speculative interest today centered in declaration of the Chicago, Burlington & Quincy dividend. It was generally expected that the regular dividend would be declared, and about noon two news agencies announced that 11 per cent had been declared by the directors, who were in session in Boston. This mistake cost commission houses on the street a great deal of money as well as operators in the stocks and the parties responsible deserve theseveres censure. About 1 o'clock it was officially announced that the dividends had been reduced to 1 per cent for the quarter. The stock immediately broke and ruled weak the balance of the day. Other grangers naturally sympathized with this decline, for it is believed that the outlook for business in the territory cove by these roads must be indeed very bad to force this company to abandon its policy of paying 11 per cent quarterly. J. R. Willard says: "The better speculative feeling in wheat, which has been manifest for a week or two has given way to one of depression. A good deal of wheat was bought on the belief that the receipts were about to fall ofi sensibly. and the better tone of foreign markets encouraged a hope of enlarged exports. In neither respect has there been a realization of the general expectation." San Francisco, Dec. 1.-The Southern Pacific will today begin a wholesale reduction of salaries. The pay of no class of men in particular will be reduced, nor of men who are receiving more than a certain amount, but the sweep will be general in character, touching every department of the company's service. The company has reduced its force a great deal over the system and will reduce them more wherever it is possible to do so. THE FORSKAREN, a Swedish Populist paper and the REPRESENTA
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Washington, Nov. 23.-The comptroller of the currency today received notice that the Brown National Bank, of Spokane, Wash., had suspended payment. Bank Examiner Flynn has been placed in charge.