22371. Citizens National Bank (Spokane, WA)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
4005
Charter Number
4005
Start Date
June 6, 1893
Location
Spokane, Washington (47.659, -117.426)

Metadata

Model
gpt-5-mini
Short Digest
40b6ab14

Response Measures

Full suspension, Books examined

Other: Receiver appointed; later liquidation/voluntary winding up announced.

Receivership Details

Date receivership started
1893-07-01
Date receivership terminated
1893-12-21
OCC cause of failure
Losses

Description

June 6, 1893: Citizens' National was hit by heavy withdrawals tied to a local flurry after the failure of the Bank of Spokane Falls and related suspensions; it suspended June 6. Comptroller discussions in June 1893 led to appointment of a receiver (July 1). The bank was placed in solvent condition and permitted to reopen Dec 22, 1893. Later (Nov 1894) the directors decided on liquidation, but the core episode in the sources shows a run → suspension → reopening sequence, so classification is run_suspension_reopening. Cause of run tied to failures of other local banks (local_banks).

Events (9)

1. April 8, 1889 Chartered
Source
historical_nic
2. June 6, 1893 Run
Cause
Local Banks
Cause Details
Run triggered by the suspension/failure of the Bank of Spokane Falls and runs on allied local banks (Washington National and Washington Savings), producing a local flurry and heavy withdrawals.
Measures
Bank tried to obtain funds from other money centers; made arrangements for money that failed to arrive in time.
Newspaper Excerpt
They were subjected to a heavy run the day before...the run started anew upon all the banks.
Source
newspapers
3. June 6, 1893 Suspension
Cause
Local Banks
Cause Details
Could not obtain timely funds after local bank failures and heavy withdrawals; banks failed to open due to delay in receipt of money sent for.
Newspaper Excerpt
At 2 o'clock this afternoon the Citizens' National bank suspended business.
Source
newspapers
4. July 1, 1893 Receivership
Source
historical_nic
5. July 1, 1893 Receivership
Newspaper Excerpt
Controller Eckels today appointed J. H. Adams receiver of the failed Citizens' National Bank of Spokane, Wash.
Source
newspapers
6. December 21, 1893 Restored To Solvency
Source
historical_nic
7. December 22, 1893 Reopening
Newspaper Excerpt
The Citizens' National Bank of Spokane Falls...has been placed in a solvent condition, with unimpaired capital, and has today been permitted to reopen its doors for business.
Source
newspapers
8. November 22, 1894 Other
Newspaper Excerpt
Will Not Open Again. SPOKANE, Wash., Nov. 22.--The Citizens' National bank will not open for business...The bank will go into liquidation. Its assets are $425,000; liabilities $240,000. This institution closed its doors during the panic of 1893
Source
newspapers
9. December 13, 1894 Receivership
Source
historical_nic

Newspaper Articles (22)

Article from The Indianapolis Journal, June 7, 1893

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know nothing of his whereabouts. 1218 stated that he left his business affairs in bad condition. His property has been attached in a suit brought by Mrs. Charlotte Baker to recover $12,000 given to Mr. Merrill to urchase shares of stock for her. but since that time he has failed to turn them over to her. Other attachments are: Sarah A. Cohen. $40,000; Hepsebeth Fenton, $5,000; Susan D. B. Webber, $10,000; Robert M. Morse, $25,000; Lucia A. D. Long, $100,000. John F. Hooper. Mr. Merrill's private secretary, said to-day that Mr. Merrill had gone away for rest, on the advice of a physician. His financial affairs, his secretary says, are in good condition. and all claims against him will be promptly paid when he returns. Winthorp M. Merrill said to-day: "1 think it would be safe to estimate that after all my father's liabilities are met he would be worth from $100,000 to $200,000." Three More Spokane Banks Closed. SPOKANE, Wash., June 6.-As a result of the suspension of the Pank of Spokane Falls yesterday, three other banks in this city closed their doors to-day. They are the Washington National, the Washington Savings and the Citizens' National. A. M. Cannon, president of the Bank of Spokane Falls, is vice president of both the Washington National and Washington Savings Bank and the failure is due directly to the failure of the Bank of Spokane Falls. There great excitement during the run occurred on day and was a Washington nearly every Nabank in the city. The tional has a paid-up capital of $100,000, and according to a recent statement has deto $326,000. posits amounting The capital Wash- of 1D g ton Savings has a paid-up $50,000 and deposits of $100,000. The Citiof $150,000 and to about zens' deposits National amounting has a capital $400,000. It is believed all the banks are perfectly solvent and will resume in a few days. The Palonse City Bank of Palouse City, also closed its doors to-day. Bedford Bank Forced to Suspend. Special to the Indianapolis Journal BEDFORD, Ind., June 6.-The Bedford Bank this morning closed its doors. The president claims that owing to an unprecedented heavy run on the Chicago banks yesterday, which had promised assistance, the bank was forced to suspend. Depositors are promised to receive full value for every dollar. The bank 18 one of the oldest in the State. The exact amount of deposits 18 not known at present, but are supposed to be large. Packing House Attached. WICHITA, Kan., June 6.-The Laclede and Third National Banks, of St. Louis, and the Bank of Commerce, of Kansas City, to-day sued out attachments for $50.000 and $25,000, and $50,000, respectively, against the Francis Whittaker & Sone house. Late this evening N. packing of the property. The sheriff is in possession W. Levy, president of the Wichita National Bank, was appointed receiver. The plant here is valued at $200,000. Assignment of New England Publishers. BOSTON, June 5.-Potter & Potter, publishers of the New England Magazine, the Yankee Blade, the Woman's Home Journal, the American Vehicle and the Amesbury, have assigned to W. J. Clark, of this city. Isaac J. Potter said that the New England Magazine had broken the firm. and that the other publications were in good condition. The liabilities are between $75,000 and $100,000. A Wisconsin Bank Suspends. Lane The State


Article from The Helena Independent, June 7, 1893

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ABUNDANT RESOURCES. All Depositors Got Their Money in Chiengo-Business Failures. CHICAGO. June 6.-Notwithstanding the fact that the Illinois Trust and Savings bank kept open until three o'clock this morning togive anxious depositorsa chance to draw their funds, a new line began to form before eight o'olock this morning, and at 10, the hour for opening, between 1,200 and 1,500 people were waiting at the doors with their savings books. The crowd was several times larger than at any time yesterday. The bank is considered absolately sound. Its assets figure up to over $28,000,000 and its stockholders are estimated to be worth in the aggregate fully $160,000,000. During the time when the run on the bank was hottest this afternoon Philip D. Armour. the millionaire packer, sent out some of his clerks to bring into his office 8 hundred or more of the most excited depositors, mostly women. To these Mr. Armour made a brief speech. assuring them that the bank was all right, and adding that Amour & Co. will guarantee to each of them the full amount of their deposit. If any of them were not satisfied with this he asked them to speak up and said he would give them their money. Two women asked for the amount of their deposit and were immediately paid in gold, while the remainder of the people went away satisfied. WASHINGTON,June6.-Comptrolter Eckles said to an Associated press reporter this morning that as far as advised no national bank in Chicago had been affected by yesterday's financial flurry. The clearing house stands ready to assist its members whenever necessary. An abstract of the condition of the Chicago national banks on the date of his last call showed A reserve of 29.45 per cent. or 4.45 above the legal requiements. The total resource rre $160,864,804; surplus, $11,516,700; undivided profits, $1,596,000. POKANE, June 6.-The Washington National bank and its adjunct, the Washington Savings bank, closed their doors this morning. They were crippled by a quiet run yesterday. Both show strong assets in excess of liabilities. but could not get money in time for the sudden whirl. At two o'clock this afternoon the Citizens' National bank closed its doors. By one o'clock the runs had almost entirely subsided. The other banks stood the strain with no visible sign of wearing and since they have been strengthening themsolves and the worst of the flurry is believed to be over. It is generally believed that there will be no more suspensions. BOSTON, June 6.-Potter & Potter, publishers of the :New England Magazine, the Yankee Blade, the Woman's Home Journal and other periodicals, made an assignment. The liabilities are from $75,000 to $100,000. The firm may resume. The failure WAS due to a losing business on the New England Magazine. PHILADELPHIA, June .--amuel A. Prince, the owner of the marble works here and the quarries in Rutlond, Vt., has failed. The liabilities are $100,000 and nominal assets $250,000. MILWAUKEE, June .-The State bank of this city has failed. It had a capital of $50,000 and n sarplus of $10,000. DEFIANCE, O., June 6.-The Savings bank of Andrew Sauer has failed.


Article from The Anaconda Standard, June 7, 1893

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Spokane Banks Close. SPOKANE. Wash.. June 6.--The Washington National bank and its adjunct. the Washington Savings bank. closed their doors this morning. They were crippled by a quiet run yesterday. Both show strong assets in excess of liabilities, but could not get money in time for the sudden whirl. Other banks were subjected to a severe run. At 2 o'elock this afternoon. the Citizens' National bank closed its doors. It is reported here. on apparently reliable authority. that the Palouse City bank of Palouse. has also suspended.


Article from The Seattle Post-Intelligencer, June 7, 1893

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Bank Flurry at Spokane. SPOKANE, June e.6.-Special.]-The Washington National and Washington Savings banks did not open for business this morning. owing to delay in the receipt of money which had been sent for. At 2 clock o'clock this afternoon the Citizens' National bank suspended business. Of the Citizens' National bank E. B. Hyde is president, B. C. Van Houten vice president and A. A. Newberry cashier, and Congressmian Wilson is a large stockholder. Its deposits are about $200,000 and the aisets twice as much. Of the Washingtop National bank Henry L. Tilton is president, A. M. Carmon vice president, F. E.Goodall cashier and the Washington Savings bank has the same officers. All the banks will pay depositors in full.


Article from The Herald, June 7, 1893

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CAUGHT IN THE FLURRY. Three Banks at Spokane, Wash., Close Their Doors. SPOKANE, Wash., June 6. - Three banks closed their doors today. They have assets largely in excess of llabiliities and have been conducted with sound management. They were caught in the sudden whirl and flurry. The public suddenly became alarmed and the distance from money centers prevented timely fortification. When the banking hours arrived this morning the Washington National and the Washington Savings banks, allied institutions, failed to open their doors. They had been subjected to a heavy run the day before, and although they had made arrangements for money it failed to arrive in time. This startled the public, and the run was started anew upon all the banks. By 1 o'clock it had almost entirely subsided, but relief came too late for the Citizens' National, which closed its doore at 2 o'clock. Other banks stood the strain with no visible signs of weakening, and since they have been strengthening themselves and the woret of the flurry is believed to be over, it is generally believed that there will be no more suspensions.


Article from The Morning Call, June 7, 1893

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THREE WENT DOWN. Spokane Believes Now That It Has Seen the Worst. SPOKANE, June 6.-Three banks closed their doors to-day. They have assets largely in excess of liabilities, and have been conducted with sound management, but they were caught in a sudden whirl and flurry, the public suddenly became alarmed, and the distance from the money centers prevented timely fortification. When banking hours arrived this morning the Washington National and the Washington Savings banks, allied institutions, failed to open their doors. They had been subjected to a heavy run the day before, and although they had made arrangements for money it failed to arrive in time. This startled the public, and the run started anew upon all the banks. By 1 o'clock it had almost entirely subsided, but relief came too late for the Citizens' National, which closed its doors at 2 o'clock. The other banks stood the strain with no visible signs of weakening, and since they have been strengthening themselves the worst of the flurry is be-


Article from Evening Star, June 20, 1893

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Will Not Resume. Controller of Currency Eckles this morning received Merars. Newberry and Wood of the Citizens' National Bank of Spokane. Washington, who wished to arrange for the reopening of that bank. No agreement satisfactory to Mr. Eckles could be made. The bank will either go into voluntary liquidation or a receiver will be appointed.


Article from The Daily Morning Astorian, June 21, 1893

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BANK SUSPENSIONS. The Stringency in the Money Market Continues With Bad Results. Eugene, June 20.-The Lane county bank, the oldest financial institution in this county, failed to open its doors this morning, having become cramped by the stringency of the money market. Hovey, Humphry and Co. have posted a notice that depositors will be paid in full. No statement has yet been made as to the assets and liabilities, but depositors do not seem to have any fears, and many say that if the bank should open this afternoon they would not draw. The cashier stated in an interview today that the assets, notes and property would amount to nearly three times the liablities. No attachments have been issued and, probably, there will be none. The bank strongly asserts that it will pay every dollar to the depositors, but in order to realize on their credits at once they would be compelled to go into court and crowd their patrons. This they did not feel disposed to do, and when they failed to secure assistance from Portland and San Francisco banks, they concluded to take plenty of time to it, and let matters shape themselves when the money market should be easier. Some excitement was created on the streets and a run was threatened on the other banks, but they were fully able to pay every demand promptly. Albany, Or., June 20.-The excitement over the financial flurry has quieted down. The official statement of the suspended bank's condition will show, it is stated, assets sufficient to pay depositors every dollar. Los Angeles, June 20.-The University Bank and the City Savings Bank closed their doors this morning. The president of the City Bank says that the bank has closed temporarily in order to collect money from its loans and securities. He says depositors will be paid in full. The closing of the University Bank, which is a commercial bank, was a surprise. It has a notice on the door to the effect that depositors will be paid in full. Washington, June 20.-The comptroller today received Messrs. Newberry and Wood, of the Citizens' National Bank of Spokane, Wash., who wish to make some arrangement for reopening that bank. No agreement satisfactory to Eckles could be made. The bank will either go into voluntary liquidation or a receiver will be appointed. Nashua, N. H., June 20.-The Colony Manufacturing Company has failed, liabilities, $168,000, assets, about half. The company was engaged in the manufacture of woolens. Chattanooga, Tenn., a June 20.-The City Savings bank, as a result of a run, has been forced to suspend. Assets, $475,000, liabilities, $225,000. All depositors will be paid in full.


Article from The Salt Lake Herald, June 21, 1893

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Will go Into Voluntary Liquidation. WASHINGTON, June 20.-The comptroller today received Messrs. Newberry and Wood of the Citizens' National bank of Spokane, Washington, who are here to arrange for reopening that bank. No agreement satisfactory to Mr. Eckles could be made. The bank will either go into voluntary liquidation or a receiver will be appointed.


Article from The Record-Union, June 21, 1893

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Citizens' National Bank of Spokane. WASHINGTON, June 20.-The Comptroller to-day received Messrs. Newberry and Wood of the Citizens' National Bank of Spokane, Wash., who wished to arrange for the reopening of that bank. No agreement satisfactory to Eckels could be made. The bank will either go into voluntary liquidation or a receiver will be appointed.


Article from St. Paul Daily Globe, June 21, 1893

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Eckels Not Satisfied. WASHINGTON, June 20.-The comptroller today received Messrs.Newberry and Wood, of the Citizens' National Bank of Spokane, Wash., who wished to arrange for the reopening of that bank. No agreement satisfactory to Mr. Eckels could be made. The bank will either go into voluntary liquidation or a receiver will be appointed.


Article from The Seattle Post-Intelligencer, June 22, 1893

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BUSINESS TROUBLES. The Citizens' Savings bank, of Portsmouth O., has failed. The Ellsworth Packing and Provision Com. pany. of Chicago, assigned on June 21. H. c. Tucker & Co., private bankers of But. falo, N. Y.. closed their doors June 20, Sloan, Johnson & Co., wholemale grocers of Omaha, have assigned. Liabilities, $300,000; as. sets, $250,000 The Lane County bank, of Eugene City, Or., suspended on June 20, but business mea still retain confidence in is The excitement over the Albany. Or., bank suspension is quieting down and 11 is thought the bank will pay in full. Newberry and Wood, of the Citizens' National bank, of Spokane, waited on Comptroller Eckele on June 30, but failed to come to any agreement about reopening the bank. The Colony Woolen Manufacturing Company. of Nashua. N. H., failed on June 29 with liabil ities of $168,000 and assets of half that amount The City Savings bank, of Chattanooga, Tenn, as a result of a run, was forced to suspend on June 20, with assets of $475,000 and liabilities of $225,000.


Article from Evening Star, July 1, 1893

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Action in Western Bank Failures. Controller Eckels today appointed J. H. Adams receiver of the failed Citizens' National Bank of Spokane, Wash. He also directed Bank Examiner Swan to take charge of the failed First National Bank of Provo, Utah. and Bank Examiner Latimer to take charge of the failed Nebraska National Bank of Beatrice. The First National Bank of Rico, Colo., which has also failed, will be placed in the hands of a bank examiner during the day. All the banks are small institutions.


Article from The Herald, July 2, 1893

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WESTERN BANK FAILURES. Nebraska, Colorado and Other States Farnish Their Quota. BEATRICE, Neb., July .-The Nebraska National bank and the American bank failed this morning. Each had a capital of $100,000. The American bank's deposits will not exceed $60,000, and the assets are entirely sufficient to pay all demands. The Nebraska National bank has deposits of over $100,000, but the assets are in good ehape if no run is made on the other banks. SALIDA, Colo., July 1.-The Chaffe County bank made an assignment this morning with liabilities between $80,000 and $90,000, while the assets are not yet known. Slow collections is given as the cause of the failure. A run was averted on the First National bank, which closed at 11:30 until Monday. The directors say the depositors will be paid in full. OURAY, Colo., July 1.-The First National bank closed this morning, owing to the want of currency. Assets $110,000 and liabilities $42,000. It will prob ably resume in a few days. A run was inaugurated on Thatcher Brothers' Merchants' and Miners' bank, but it was only a slight flurry. WEBB CITY, Mo., Julr 1.-The Exchange bank of this city assigned today. Deposits, $60,000; liabilities not yet known. The stringency in the money market and withdrawal of deposits are assigned as the cause of the failure. WASHINGTON, July 1. - Comptroller Eckels was informed this afternoon of the failure of the First National bank of Phillipeburg, Mont. Comptroller Eckels has appointed J. H. Adams receiver of the failed Citizen's National bank of Spokane, Wash. He also directed Bank Examiner Swan to take charge of the First National bank of Provo, Utah.


Article from The Seattle Post-Intelligencer, December 18, 1893

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MAKES ECKELS SICK. The Way Democratic Warhorses Beg Receiverships. HINTS FOR MR. M'NAMARA. He Can't Run Fort Townsend Postoffice as He Pleases-Little Money for surveys. WASHINGTON City, Dec. 17.-[Special.]Comptroller Eckels says the affairs of national banks in Oregon and Washington have given him more trouble than all the other states in the Union. Whenever a bank has been obliged to close its doors immediately a flood of applications has poured in upon him by mail and by telegraph for the appointment as receiver. reminding one of the turkey boxzards that gather around the carcass of a dead cow. This is the case at the present time with the Oregon National bank at Portland, which the taxpayers have closed up because it was unable to return at once all the funds of the county which had been deposited there. The comptroller had soarcely received information of the closing of the bank when the telegrams asking an appointment as recaiver began to pour in. The letters and the usual indorsements are now coming. Mr. Eckels has no end of words of praise for the people of Seattle for the manner in which they have stood together and helped each other during the financial crisis. Strong efforts have been made to bring about the reopening of the Port Angeles National bank, and the matter has been under advisement by the comptroller far the past month. He has finally decided that it would not be for the best interests of the depositors to permit the bank to re-open. The Bellingham Bay National bank of Whatcom, which has been in the hands of an examiner. and the Citizens' National band of Spokane, which has been in the hands of receiver, will be permitted to reopen for a business within a short time. A special examination of the affairs of the latter bank has just been ordered.


Article from Evening Star, December 22, 1893

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It is Solvent. The Citizens' National Bank of Spokane Falls, Washington, heretofore in the hands of a receiver, has been placed in a solvent condition, with unimpaired capital, and has today been permitted to reopen its doors for business.


Article from Deseret Evening News, November 22, 1894

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Will Not Open Again. SPOKANE, Wash., Nov. 22.--The Citizens' National bank will not open for business. This decision was announced at is directors' meeting. The bank will go into liquidation. Its assets are $425,000; habilities $240,000. This institution closed its doors during the panic of 1893


Article from Watertown Republican, November 28, 1894

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season breaks all records by 26,000 bales. -Western lines are SO unanimously in favor of a new passenger association that there is little doubt of its organization. -Government authorities have decided that it is not necessary to send troops to the Indian territory to suppress the Cook gang. -Strong competition by outside concerns may cause the whisky trust to secure more money or submit to reorganization. -New York railroad commissioners have refused permission for the building of the Amsterdam, Johnstown & Gloversville line. -The Kansas Dairymen's association, in session at Topeka, adopted a resolution protesting against the sale of oleomargarine in the state unless it is labeled and colored some color other than yellow. -Miss Laura Jordan has begun damage suits at Vincennes, Ind., against S. A. Jordan and W. S. Lane for $10,000 each, alleging that they had slandered her by accusing her of burning their mill at Decker. -The Ohio court refused to interpose against the order of the Pennsylvania court, which gave a judgment for $785 against J. S. Coxey on notes given B. M. Everson when the commonwealers were in Pittsburg. -The government has begun suit at Minneapolis against the North American Telegraph company for alleged violation of the alien labor law in bringing Miss Josie A. Phelan, an operator, from Canada to Duluth. -William Gill, sheriff of Pottawattamie county, O. T., S. J. Cott, Preston Armstrong and Daniel Brestman were arrested at Guthrie on a charge of murder due to shooting of Steve Penasaw three years ago. -Arthur Musselman of Mendon, Mich., claims that Mrs. Solomon Dill encouraged his attentions and finally proposed marriage to him, but now declares there was no engagement between them. Musselman sued for damages. -At a meeting of the state council at St. Petersburg the Czar created a highly favorable impression by a display of unexpected oratorical fluency, and his masterly grip of the political situations submitted for his judgment. -Rev. Joseph St. John, rector of Calvary Memorial Episcopal church at Saginaw, Mich., married a widow with $10.000 and property at South Bay City. She has brought suit for divorce on grounds of cruelty, and the minister has disappeared. -As a result of the crusade of Cleveland ministers against indecent pictures, attaches of the Star theater were fined $10 for displaying objectionable lithographs. -The Citizens' National bank at Spokane, Wash., will go into liquidation. Its assets are $425,000; liabilities, $240,000. The bank closed during the panic of 1893. -President Rockefeller and other officers of the Standard Oil company were indicted by the grand jury of McLennan county, Tex., and their surrender will be asked for. -Frank E. Godfrey, acting assistant superintendent of the gymnasium of the Boston Young Men's Christian union, fell and broke his neck while working in the gymnasium. -Joseph K. Emmett, the actor, and May Huggins Stevens, whose stage name is Emily Lyton Stevens, the leading lady of the Emmett company, were married at Davenport, Ia. -Friends and connections of the Barings have taken over from the Bank of England the entire amount of the remaining Baring assets. All guarantors are thus released from any further responsibility. -Representatives of all the big lumbering firms operating on the upper Mississippi met at Minneapolis and took preliminary steps in the formation of a pool similar to that recently organized on the Chippewa river. -J. S. Sanders, commander of the commonweal army from Cripple Creek, arrested at Pueblo, Col., on a charge of stealing a Denver & Rio Grande locomotive, was discharged, the railroad company withdrawing the complaint. -Ringleaders of the commonweal army, who stole a Santa Fe train at St. Joseph, Mo., were convicted there of unlawful assembly and given one day each in jail. -The will of James Hood Wright of the firm of Drexel, Morgan & Co., bankers, New York, leaves the bulk of his estate, which is estimated at $20,000,000, to his wife. -A commission from Manitoba has been sent to Duluth and Minneapolis to investigate the system of grading wheat. It is alleged that a combine has been discriminating against Manitoba wheat. -Rev. Father Ducey of New York does not recognize the right of Archbishop Corrigan to forbid the priest to attend the meetings of the Lexow committee. The matter has been appealed to Mgr. Satolli. -Herr Klesser, editor of the West German Allegemeine Zeitung, charged with libeling Marschall von Bieberstein, imperial secretary of state for foreign affairs, was sentenced to two months' imprisonment. -The grand jury has brought in six indictments in blank for offenses growing out of the recent labor troubles on the New Orleans levee-three for assault with intent to murder and one for assault with


Article from Eagle River Review, November 29, 1894

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five striking miners of Birmingham, Ala., charged with rioting, were quashed. -George M. Irwin, the Pittsburg discretionary pool operator, was arrested in New York. He was going to Europe. -J. Edward Addicks, a millionaire of Delaware, is credited with attempting to buy a seat in the United States Senate. -It is stated that the members of the cabinet are divided on the method of beginning reform in the country's finances. -Hester's Cotton exchange statement shows that the movement thus far this season breaks all records by 26,000 bales. -Western lines are SO unanimously in favor of a new passenger association that there is little doubt of its organization. -Government authorities have decided that it is not necessary to send troops to the Indian territory to suppress the Cook gang. -Strong competition by outside concerns may cause the whisky trust to secure more money or submit to reorganization. -New York railroad commissioners have refused permission for the building of the Amsterdam, Johnstown & Gloversville line. -The Kansas Dairymen's association, in session at Topeka, adopted a resolution protesting against the sale of oleomargarine in the state unless it is labeled and colored some color other than yellow. -Miss Laura Jordan has begun damage suits at Vincennes, Ind., against S. A. Jordan and W. S. Lane for $10,000 each, alleging that they had slandered her by accusing her of burning their mill at Decker. -The Ohio court refused to interpose against the order of the Pennsylvania court, which gave a judgment for $785 against J. S. Coxey on notes given B. M. Everson when the commonwealers were in Pittsburg. -The government has begun suit at Minneapolis against the North American Telegraph company for alleged violation of the alien labor law in bringing Miss Josie A. Phelan, an operator, from Canada to Duluth. -William Gill, sheriff of Pottawattamie county, O. T., S. J. Cott, Preston Armstrong and Daniel Brestman were arrested at Guthrie on a charge of murder due to shooting of Steve Penasaw three years ago. -Arthur Musselman of Mendon, Mich., claims that Mrs. Solomon Dill encouraged his attentions and finally proposed marriage to him, but now declares there was no engagement between them. Musselman sued for damages. -At a meeting of the state council at St. Petersburg the Czar created a highly favorable impression by a display of unexpected oratorical fluency, and his masterly grip of the political situations submitted for his judgment. -Rev. Joseph St. John, rector of Calvary Memorial Episcopal church at Saginaw, Mich., married a widow with $10,000 and property at South Bay City. She has brought suit for divorce on grounds of cruelty, and the minister has disappeared. -As a result of the crusade of Cleveland ministers against indecent pictures, attaches of the Star theater were fined $10 for displaying objectionable lithographs. -The Citizens' National bank at Spokane, Wash., will go into liquidation. Its assets are $425,000; liabilities, $240,000. The bank closed during the panic of 1893. -President Rockefeller and other officers of the Standard Oil company were indicted by the grand jury of McLennan county, Tex., and their surrender will be asked for. -Frank E. Godfrey, acting assistant superintendent of the gymnasium of the Boston Young Men's Christian union, fell and broke his neck while working in the gymnasium. -Joseph K. Emmett, the actor, and May Huggins Stevens, whose stage name is Emily Lyton Stevens, the leading lady of the Emmett company, were married at Davenport, Ia. -Friends and connections of the Barings have taken over from the Bank of England the entire amount of the remaining Baring assets. All guarantors are thus released from any further responsibility. -Representatives of all the big lumbering firms operating on the upper Mississippi met at Minneapolis and took preliminary steps in the formation of a pool similar to that recently organized on the Chippewa river. -J. S. Sanders, commander of the commonweal army from Cripple Creek, arrested at Pueblo, Col., on a charge of stealing a Denver & Rio Grande locomotive, was discharged, the railroad company withdrawing the complaint. -Ringleaders of the commonweal army, who stole a Santa Fe train at St. Joseph, Mo., were convicted there of unlawful assembly and given one day each in jail. -The will of James Hood Wright of the firm of Drexel, Morgan & Co., bankers, New York, leaves the bulk of his estate, which is estimated at $20,000,000, to his wife. -A commission from Manitoba has been


Article from The Diamond Drill, December 1, 1894

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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,


Article from The Herald, November 14, 1897

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BROKEN BANKS Indiana and Wisconsin Depositors Are the Sufferers ENGLISH, Ind., Nov. 13.-The English Bank has failed to open its doors today. Coupled with this came the report that President Willett, of the Leavenworth branch. had not been seen for three days and that his mind was temporarily unbalanced over the death of his mother. As soon as the failure became known, the bank's branches at Leavenworth, Cannelton and Marengo, also closed. Nearly every farmer and business man in Crawford and Perry counties is said to be concerned in the failure for amounts ranging from $200 to $3000 County Treasurer Brown had placed more than $10,000 with the suspended bank. No schedule of assets and liabilities can be given, but both are large. ANTIGO, Wis., Nov. 13.-The Bank of Antigo closed its doors today by order of the Board of Directors on account of irregularities in the books as found by the bank examiner. An application was made for a receiver. Deposits will be paid in full. The extent of the irregularities is not known. LEAVENWORTH, Nov. 13.-Three banks, respectively located in this city and at Marengo and English, with deposits estimated to aggregate $160,000, have closed their doors. R. H. Willett, cashier of the parent bank in this city, and principal stockholder in the other two concerns, has left for parts unknown. His wife has received a letter from him stating that he has almost lost his mind and that he will not return to the scene of financial disaster. County officials and educational trustees are sufferers from the crash, and one death may be the direct result. Treasurer E. P. Brown of Crawford county, had upwards of $30,000 county funds deposited in the bank in this city. When told today of the failure he fainted and tonight he is in a critical condition. The revenue collected for school purposes was all on deposit in the banks and it is feared that all of the public schools in Crawford and Perry counties will have to be closed, as the trustees have lost all their money. SPOKANE-Postmaster Mallon today caused the arrest of Mayor Olmstead, A. A. Newberry, E. B. Hyde and D. F. Wetzel, all prominent citizens. They were officers and directors of the defunct Citizens' National bank, which failed with a deposit of $8,110 of postoffice money. As the bank was not a United States depository the loss fell upon Postmaster Mallon's bondsmen. He charges the defendants with taking his deposits "knowing that the bank was then and there insolvent and in failing circumstances."


Article from The Spokane Press, December 17, 1929

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Pioneer Talks As Told to Robert Owen By HARRY GOETZ The courage and faith of the citizens of Spokane Falls met its first severe test the of Au gust 1889 that practically wiped out the town much improved and prosperous city of brick appear ed from the ruins, and under the impetits of mining lopment in Alenes, increasing set and cultivation of the farm ing lands the Inland Empire and the appearance of the lumber busi as an important the city enjoyed rapid grow and splendid prosperity for several years But the courage of the citizens and the soon to tested in the wide panic 1893. There was little in dication of impending to warn people of the financial situa tion that was near Trade and industry prospered in 1892, this prosperity being reflecte in large increase in railway freight tonnage Spokane looked forward to big year in Great North ern was completed and the public still hoped for lower rates Mining had been resumed in the Cocur Alenes an scale, and the territory to the north the neighborhood Old Dominion mine Colville booming Heavy falls promised good crops and was now being used effectively various points in Inland Empire More than million dollars had building in Spokane in 1982 including the new city hall Roller Mills the Marble Bank building erected by Cannon But Cannon had unfortunately allowed himself to be come interested in too many distant and doubtful enterprises Under the leadership of Paul Mohr. W. Durham tells us, "He had been lured into beavy ments coal mines in the Cascade portage railroad scheme around the rapids in the Columbia river above The Dalles. Mohr went east in desperate ef. fort to unload these elephants on New York and Mr. Can non, realizing the critical condition eagerly scanned his agent's ports.' Mohr failed to get aid in the and Cannon forced to ask for help from the Spokane banks After examination his affairs on the June: 1893. the Bank Spokane Falls failed to open its doors for business This news created sensation, and no blame attached to Mr. Cannon by the general public, the popular being one deep sym pathy for the kind hearted pioneer had done so much make Spokane the little city which it had become Twenty hours after the Bank of Spokane Falls closed. the Washington National and the Washing ton Savings bank suspended pay ment and hard run on the Citizen's National forced it to close its doors one hour before closing time: On July the Washington National business in quar ters previously occupied by the broken Spokane National at been side and property that had These banks disasters the remaining heavy and July the First National after on steady run of 50 days, became in solvent