German National Bank (Pittsburg, PA)

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Episode Information

Episode UID
226101186
Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
22610 national
Charter Number
2261
Start Date
October 18, 1898
Location
Pittsburg, Pennsylvania (40.441, -79.996)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
97089e8ff1c9e5f4

Response Measures

Accommodated withdrawals, Public signal of financial health, Capital injected, Full suspension, Books examined

Clearinghouse involved: Yes (loan, examination, or other measures)

Description

Newspaper uses historic spelling 'Pittsburg.'

Events (7)
1. May 17, 1875 Chartered
Source
historical_nic
2. October 18, 1898 Run
Cause
Bank Specific Adverse Info
Cause Details
President Adolph (A.) Groetzinger's confessed judgments and financial failure precipitated depositor withdrawals
Measures
Directors closed the bank and announced voluntary liquidation; clearing house committee agreed
Newspaper Excerpt
the failure of Mr. Adolph Groetzinger, the president of the bank, resulted in a run
Source
newspapers
3. October 18, 1898 Suspension
Cause
Voluntary Liquidation
Cause Details
Directors, with clearing house agreement and bank examiner's review, suspended to go into voluntary liquidation
Newspaper Excerpt
the directors closed the doors for the purpose of voluntary liquidation; the suspension followed
Source
newspapers
4. November 4, 1898 Other
Newspaper Excerpt
comptroller ... appointed the bank examiners of Pittsburg ... to be temporary receivers of the German National bank of Pittsburg (temporary receivers appointed while voluntary liquidation pursued).
Source
newspapers
5. December 17, 1898 Other
Newspaper Excerpt
report shows shortage of $415,000; comptroller gave stockholders until January 12 to meet conditions for reopening; otherwise permanent receiver will be appointed
Source
newspapers
6. January 24, 1899 Reopening
Newspaper Excerpt
The German National bank ... resumed business with a capital of $250,000. There is enough cash on hand to pay every dollar the bank owes ... and all claims will be paid on demand.
Source
newspapers
7. November 19, 1934 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (23)
1. October 19, 1898 Wheeling Register Wheeling, WV
Article from Wheeling Register, October 19, 1898

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FINANCIAL TROUBLE. Two Big Pittsburg Concerns in Serious Difficulties-A Big Bank Closed. Pittsburg, Pa., October 18.-An execution was issued to-day by Edward Groetzinger against Adolphus, O. H. and Wm. C. Groetzinger and A. Groetzinger & Sons for $243,862.71. The court has ordered the sheriff to act at once. Edward Groetzing the plaintiff, is the extensive carpet dealer on Penn avenue, this city, and the defendants comprise the large tannery firm of A. Groetzinger & Sons, in Allegheny. All the moneys, stocks, etc., in the following corporations, summoned as garnishees, are ordered to be attached: Second National Bank of Allegheny, Germania Savings Bank of Pittsburg, Pittsburg Plate Glass Company, Philadelphia Gas Company, Westinghouse Air Brake Company and the German Fire Insurance Company. All the stock standing in the name of the Groetzingers in the Third National Bank of Pitsburg, the German Savings Bank of Pittsburg and the Pittsburg Bank for Savings, and all the capital stock in the names of all or any of the defendants in the Equitable Title and Trust Company, and any other securities are ordered to be atached. Judgment was confessed by Adolphus and Wm. C. Groetzinger to Edward Groetzinger for $246,862.71, and Adolphus, Wm. C., O. H. Groetzinger and A. Groetzinger & Sons confess judgment to Edward Groetzinger to the amount of $243,862.71, making a total involved of $490,725.42. "Upon examination of the books of the German National Bank, the directors have decided not to open in the morning. If the depositors only give US time, we believe that we will pay dollar for dollar. E. H. MYERS, "President." The above frank statement was dictated by Mr. Myers late to-night. No cause is assigned, but the reason for the failure at this time of what has for years been generally considered one of the strongest financial institutions in the State, is conceded to be the assignment of the Allegheny tanning firm of A. Groetzinger & Sons. The directors of the bank have prepared this announcement of the bank's failure: "At a meeting of the Board of Directors held at the bank this day at 6 p. m., the following resolution was adopted: 'Resolved, That after a thorough examination by the bank examiner. clearing house committee and directors of the bank, all being unanimous in the opinion that the bank is solvent, that owing to the fact that a portion of the assets are not immediately available; that under the advice of all it seems best to close the bank for the equal protection of all the depositors and go into voluntary liquidation with the full assurance that at an early date will be able to pay all its depositors in full, therefore the bank is closed and the directors hereby recommend as liq uidation committee E. H. Myers, H. H. Niemann, A. Frauenheim." The connection between the Groetzingers and the German National Bank of Pittsburg are very close, the firm's paper not only beig discounted at the bank named, but Mr. Adolphus Groetziager having been a director in the bank for years and until recently its president. Several days ago he resigned as president and was succeeded by E. H. Myers, who was then vice president, the new vice president being Mr. A. Freuenheim.

2. October 20, 1898 Evening Star Washington, DC
Article from Evening Star, October 20, 1898

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The Pittsburg Bank Failure. Bank Examiner Young has reported to the controller of the currency that, in his judgment, the German National Bank of Pittsburg, which closed its doors Tuesday, is solvent. The report states that the failure of Mr. Adolph Groetzinger, the president of the bank, resulted in a run, and the directors closed the doors for the purpose of voluntary liquidation. The clearing house committee agreed with the directors that this was the best thing to do, and the suspension followed. The capital of the bank is $250,000, and at the time of the last report, September 30, the surplus amounted to $253,347; due individual depositors, $1,730,688; due national banks and bankers, $359,123; total resources, $2,637,708.

3. October 20, 1898 New-York Tribune New York, NY
Article from New-York Tribune, October 20, 1898

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PITTSBURG BANK FAILS. VOLUNTARY LIQUIDATION OF THE GERMAN NATIONAL INSTITUTION-FINANCIAL DIFFICULTIES OF THE PRESIDENT. Pittsburg, Oct. 19.-Notwithstanding the rumors that have been afloat for some time concerning the financial straits of the German National Bank of this city, the announcement this morning that the bank had gone into voluntary liquidation caused great surprise, and many depositors hurried to the bank to find the doors closed. The suspension of the bank can be traced directly to two causes, the carrying of too many securities of the Natalie Coal and Coke Company and large loans on insufficient collateral. The beginning of the difficulty was nearly a year ago, when the Natalie company's paper became the object of much intricate litigation, in which the German National Bank figured. This was followed a few weeks ago by the sudden retirement of O. C. Burgdorff as cashier. The final stroke was the confession of heavy judgments by Adolphus, William C. and O. H. Groetzinger, and A. Groetzinger & Sons to Edward Groetzinger, and the issuance yesterday of executions. A Groetzinger was president of the bank, and his financial troubles, it is said, were caused principally by the failure of the Munson Belting Company, in Chicago, last week. Other heavy losses are said to have been sustained, but it was supposed the large personal wealth of the family would enable the firm to tide over the difficulty. It is said that some time ago the Groetzingers secured a contract for many thousand shoe soles from an Eastern firm, but through a misunderstanding of orders singles instead of pairs were made, and on this transaction alone $90,000 was lost. The German National Bank was organized in 1864 and reorganized in 1884. At the beginning of the present year its capital stock was $250,000; surplus, $500,000, and undivided profits, $2,208 17. Last year it was paying dividends at the rate of 12 per cent per annum, and since its organization it has paid nearly $1,000,000 in dividends. It was rumored that the State Treasurer had $450,000 on deposit in the bank, but this was denied by the directors. Washington, Oct. 19.-Bank Examiner Young has reported to the Controller of the Currency that in his judgment th German National Bank of Pittsburg, which closed its doors yesterday, is solvent. The report states that the failure of Adolphus Groetzinger, the president of the bank. resulted in a run, and the directors closed the doors for the purpose of voluntary liquidation. The Clearing House Committee agreed with the directors that this was the best thing to do. The capital of the bank is $250,000. and at the time of the last report, September 30. the surplus amounted to $253,347 due individual depositors, $1,730,688; due National banks and bankers, $359,123; total resources, $2,637,708. The correspondents in this city of the German National Bank of Pittsburg are the National City, Hanover National and Importers and Traders' National banks. As far as could be learned, all are amply protected against loss through the failure.

4. October 20, 1898 The Wilmington Daily Republican Wilmington, DE
Article from The Wilmington Daily Republican, October 20, 1898

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German National Bank Solvent. Washington, Oct. 20.-Bank Examiner Young has reported to the comptroller of the currency that in his judgment the German National bank, of Pittsburg, which closed its doors on Tuesday, is solvent. The report states that the failure of Mr. Adolph Groetsinger, the president of the bank, resulted in a run, and the directors closed the doors for the purpose of voluntary liquidation. The clearing house committee agreed with the directors that this was the best thing to do, and the suspension followed.

5. October 20, 1898 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, October 20, 1898

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BANK FAILURE IN PITTSBURG GERMAN NATIONAL COMPELLED TO CLOSE ITS DOORS. Business Entanglements of President Groetsinger Precipitate a RunBank Examiner In Charge. Pittsburg, Oct. 19.-Notwithstanding the rumors that have been afloat for some time concerning the financial straits of the German National Bank of this city, the announcement this morning that the bank has gone into voluntary liquidation caused great surprise and many depositors hurried to the bank to find the doors closed. A small crowd assembled, but there was no excitement. The suspension of the bank can be traced directly to two causes, the carrying of too many securities of the National Coal & Coke company, and large loans on collateral. The last statement showed individual deposits of $1,650,000; loans and discounts $1,158,000; capital stock paid in $250,000; surplus fund $250,000. It was rumored that the state treasurer had $450,000 on deposit in the bank, but this was denied by the directors. They stated that the deposit had been reduced, if not entirely eliminated since James S. Beacom became state treasurer. Bank Examiner Young is now in charge and has reported to the comptroller of the currency that in his judgment the bank is solvent. The report states that the failure of A. Groetsinger, the president of the bank, resulted in a run and the directors closed the doors for the purpose of voluntary liquidation. The clearing house committee agreed with the directors that this was the best thing to do and the suspension followed.

6. October 20, 1898 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, October 20, 1898

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Pittsburg Bank Is Solvent. Washington, Oct. 20.-Bank Examiner Young has reported to the comptroller of the currency that in his judgment the German National bank of Pittsburg, which closed its doors Tuesday, is solvent. The report states that the failure of Adolph Groetzinger, the president of the bank, resulted in a run and the directors closed the doors for the purpose of voluntary liquidation.

7. October 20, 1898 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, October 20, 1898

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WILL PAY OUT. German National of Pittsburg Said to Be Solvent. Washington, Oct. 20.-Bank Examiner Young has reported to the comptroller of the currency that in his judgment the German National bank of Pittsburg, which closed its doors is solvent. The report states that the failure of Mr. Adolph Groetzinger, the president of the bank, resulted in a run and the directors closed the doors, for the purpose of voluntary liquidation. The clearing house committee agreed with the directors that this was the best thing to do and the suspension followed. The capital of the bank is $250,000 and at the time of the last report, September 30, the surplus amounted to $253, 347; due individual depositors $1,730,688; due national banks and bankers $359,123; total resources $2,637,708.

8. October 21, 1898 The Wilmington Daily Republican Wilmington, DE
Article from The Wilmington Daily Republican, October 21, 1898

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FITTSBURG'S SUSPENDED BANK. The Claims of Depositors will Be Paid in Full. Pittsburg, Oct. 21.-The crowds that surrounded the German National bank Wednesdey were not in evidence yesterday. Colonel Hugh Young. the United States bank examiner, is still at work on the investigation of the bank's actual condition, and does not expect to be able to make a detailed report to the comptroller at Washington before next Tuesday or Wednesday. Acting President Myers said that no thought of prosecutions on account of alleged irregularities had presented itself in the investigation thus far. Whether the future developments in the examination would lead to any action he was unable to say. President Groetzinger's indebtedness, he said, was secured by mortgages on the two Allegheny tanneries, and was sufficient to protect the Institution. Continuing he said: "Cashier Burgdorf, we found. was involved on paper paid by the bank with other prominent local people. I do not care to give the names of the persons, nor state the nature of the paper. Nevertheless, Mr. Burgdorf's account will not amount to over $100,000. The bank is entirely solvent, and all accounts will be paid in full as soon as the outstanding paper can be converted into cash." J. D. Brown, one of the attorneys for the bank, said that enough funds were in sight to declare a 20 per cent dividend next week, and he thinks the liquidation committee will order this paid. It is Mr. Brown's opinion that not many months will be required to wind up the affairs of the bank, so far as the depositors are concerned.

9. October 27, 1898 Western News-Democrat Valentine, NE
Article from Western News-Democrat, October 27, 1898

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BANK DOORS CLOSED. German National of Fittsburg Goes Into Liquidation. The German National Bank of Pittsburg has closed its doors. The directors, in a public statement, announce that the bank is solvent and that all depositors will be paid in full. The suspension of the bank can be traced directly to two causes -the carrying of too many securities of the Natalie Coal and Coke Company and heavy loans to Charles Burkdorf, until recently cashier. and Adolphus Groetzinger. the present president, on insufficient collateral. The suspension of the bank was precipitated by the confession on Monday last of Adolphus. William C. and O. H. Groetzinger and A. Groetzinger & Sons to Edward Groetzinger of judgments aggregating $490,725.42.

10. November 4, 1898 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, November 4, 1898

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THE MILLS-ADAMS CO. fice of the British cy at any time prior to his formal appointment of a receiver and to the fact bled to Canada as that suits are being prepared by others and an explanation in New York against the Tradesmen's island of Anticosti National bank and in Pittsburg against St. Lawrence river the German National bank for the purforeign power. Atto pose of levying execution and judgment ambault has receiv which would if Judge Lacombe's decisOttawa for a repo ion is upheld, prefer certain creditors to subject. The pure the damage of other creditors unjustly capitalist who it is : Charles G. Dawes, comptroller of the English settlers an currency has today appointed the bank cient arms on the is examiners of Pittsburg and New York Lawrence river. In to be temporary receivers of the Gerbetween Great Brita man National bank of Pittsburg and would be of immer the Tradesmen's National bank of New France. Yorw respectively. It is believed that This action on the part of the compment will order the troller will not interfere in any way sale. with the efforts of the officers of these institutions to put these banks into PRUSSIAN condition for voluntary liquidation and the comptroller announces that he will Conservatives Lead consent to the voluntary liquidation of these institutions and will discharge the Deputies receivers when assured of the ability of Berlin, Nov. 4.the banks to meet their obligations in turns in the elections full as promised by their committees ties by the seconda now making efforts to put the bank into following results: condition justifying the comptroller in Conservatives, 14 assenting to liquidation. tives, 57; Center, 99:

11. November 5, 1898 New-York Tribune New York, NY
Article from New-York Tribune, November 5, 1898

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Excel all others in Waltham Accuracy Durability Economy Watches The new Riverside movement is now ready in Gold, Silver, and Gun Metal cases Howard & Co Inspection 264 Fifth Avenue Invited New York ACTING ON JUDGE LACOMBE'S DECISION. BIG COMPANY IN SIGHT. CONTROLLER DAWES APPOINTS TEMPORARY REPURCHASE OF NASSAU RAILROAD ST CEIVERS FOR THE TRADESMEN'S AND THOUGHT TO PRESAGE AN IMOTHER NATIONAL BANKS MENSE COMBINATION. Washington, Nov. 4.-Owing to the decision of The reported sale of the controlling stoc Judge Lacombe, of New-York, that an execution the Nassau Railroad Company by R. T. W can be levied against the assets of a National bank to Edward H. Harriman is reported to be in the hands of the Controller of the Currency at first step in the direction of the consolidati any time prior to his formal appointment of a reBrooklyn and Manhattan surface railroad ceiver, and to the facts that suits are being prepanies, a combination that may also take in pared in New-York against the Tradesmen's National Bank and in Pittsburg against the German Kings County Electric Light Company. National Bank for the purpose of levying execution Roswell P. Flower and Anthony N. Brady and judgment, which would. if Judge Lacombe's said to be back of the Nassau stock purch decision is upheld, prefer certain creditors to the They are large holders of the securities of da.nage of other creditory unjustly. Controller Metropolitan Street Railway, of Manha Dawes to-day appointed the bank examiners at which is introducing electricity, and which Pittsburg and New-York temporary receivers of riman is thought to represent more than he the German National Bank and the Tradesmen's National Bank respectively. Brooklyn Rapid Transit. They also hold This action on the part of the Controller will not stock in the Kings County Electric Light interfere in any way with the fforts of the officers Power Company, which has recently abso of these institutions to put the banks into condition the Edison and other companies which the for voluntary liquidation, and the Controller anson controlled nounces that he will consent to the voluntary If a consolidation of such gigantic propor liquidation of these institutic and will discharge the receivers when assured of the ability of the as thus suggested should be formed, it W banks to meet their obligations in full. as promised of course, take in the other Brooklyn tr by the committees now making efforts to put the companies, the Coney Island and Broo banks into a condition justifying him in assenting to liquidation. Queens County and Suburban. There is a The Controller has also appointed John Van rumor to the effect that to handle all thes Vrankin temporary receiver of the First National terests a syndicate is to be formed with a Bank, of Carthage, N. Y. H. J. Whitmore, remendous capitalization. ceiver of the First National Bank of Neligh, Neb., If the Kings County Electric Light and P and E. J. Graham receiver of the Delaware National Bank, of Delhi, N. Y. Company is included in the project, it will b furnishing the

12. November 5, 1898 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, November 5, 1898

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IT WOULD PREFER CREDITORS Comptroller Takes Steps to Neutralize Judge Lacomb's Decision Washington, D. C., Nov. 4.-Owing to the decision of Judge Lacombe, of New York, that an execution can be levied against the assets of a national bank in the hands of the comptroller of the currency at any time prior* to his formal appointment of a receiver, and to the fact that suits are being prepared by others in New York against the Tradesmen's National bank and in Pittsburg against the German National bank for the purpose of levying execution and judgment, which would, if Judge Lacombe's decision is upheld, prefer certain creditors, to the damage of other creditors, unjustly, Charles G. Dawes, comptroller of the currency, has today appointed the bank examiners of Pittsburg and New York to be temporary receivers of the German National bank of Pittsburg and the Tradesmen's National bank of New York, respectively. This action on the part of the comptroller will not interfere in any way with the efforts of the officers of these institutions to put these banks into condition for voluntary liquidation and the comptroller announces that he will consent to the voluntary liquidation of these institutions and will discharge the receivers when assured of the ability of the banks to meet their obligations in full, as promised by their comittees now making efforts to put the bank into condition, jusifying the comptroller in assenting to liquidation.

13. November 19, 1898 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, November 19, 1898

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Fate of a Bank. WASHINGTON, Nov. 18.-For the purpose of enabling him to decide more Intelligently the question of the selvency of the German National Bank of Pittsburg Comptroller Dawes has appointed a committee, consisting of John B. Jackson, president of of the Fidelity Title and Trust company, Pittsburg, and John W. McDonald, of Washington, as his personal representatives, and Hugh Young, national bank examiner of Pittsburg, to appraise carefully all the assets of the bank. Upon receiving the report the comptroller will decide as to whether there is any possibility of the bank going into voluntary liquidation or whether a permanent receiver shall be appointed.

14. December 18, 1898 Wheeling Sunday Register Wheeling, WV
Article from Wheeling Sunday Register, December 18, 1898

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GERMAN NATIONAL'S CONDITION. The Report to the Comptroller Shows a Shortage of $415,000 - Liabilities Amount to $1,662,088, or $415,000 More Than the Available Assets. WASHINGTON, December 17.-Mr. John W. McDonald, the personal representative of the comptroller, has returned with the report of the committee appointed to appraise the assets and examine the condition of the German National Bank of Pittsburg. Mr. Hugh Young, Mr. John B. Jackson and Mr. John W. McDonald comprised the committee, and they agree in their findings. The report shows as follows: "Leaving out the building, carried at $429,000; slow paper, perhaps largely good, $54,000, and the entire Groetzinger indebtedness of $243,000, the absolutely cash and speedily available assets lack $415,000 of enough to pay all liabilities, which amount to $1,662,083. "The directors believe that if the bank can be re-opened they can arrange to take the building for $400,000 cash. They wish to get an expression of the sentiment of the stockholders, and have therefore called a meeting of the shareholders for January 10, 1899, to vote on a proposition to recommend to the comptroller that he levy an assesment of 100 per cent., the amount necessary to make good the impairment of the capital stock, and allow the bank to re-open. "If the bank receives for the bank building $400,000 cash, it leaves a shortage, according to the committee, of only $15,000, which can be fully made up out of the $54,000 doubtful paper, leaving the new stock unimpaired, with all the Groetzinger paper for future realization. "The committee have estimated the $445,000 Natalie coal bonds at 35 cents, $155 750, at which price they can no doubt be sold. "The comptroller, after considering the report, has given the stockholders and directors of the bank until January 12 to determine whether or not they will meet the conditions he imposes for the reopening of the bank. The conditions are as follows: "The directors must relieve the bank of the bank building at a cash sum of not less than $400,000, and the stockholders must pay in, as an assessment, an additional sum of $250,000." If these conditions are not complied with by January 12 the comptroller will make an appointment of a permanent receiver.

15. January 3, 1899 Twice-A-Week Plain Dealer Cresco, IA
Article from Twice-A-Week Plain Dealer, January 3, 1899

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HAPPENINGS OF 1898. A Chronological Array of the Most Prominent Events. STORY OF SPANISH-AMERICAN WAR. Brief Mention of Financial Failures, Startling Catastrophes and Crimes-Necrology of Year - Politics and Sport. BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 24-National, Paola, Kan., suspended. 81-First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16-Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul.20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia., $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N.Y., closed. 19-First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabilities, $7,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. President suicides an hour later. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.

16. January 7, 1899 The Cape Girardeau Democrat Cape Girardeau, MO
Article from The Cape Girardeau Democrat, January 7, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, III $60,000. 24-National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 21-Bank of Southern Baltimore, $170. 000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia. $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. -Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150, 000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich, $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing_2., suspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Teledo O., goesinto voluntary liquidation.

17. January 7, 1899 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, January 7, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. -First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170.000. Mar. 16-Home savings, 8 Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29- l'homas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la. $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, III., $150,000. Fillmore county, Preston, Minn., $150,000. Sep. It-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4 -Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29 Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation.

18. January 13, 1899 The Holly Chieftain Holly, CO
Article from The Holly Chieftain, January 13, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24 -National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170, 000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. .20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, 1a., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (sus pended) Aug. 11-Bank of Waverly, III., $150,000. 27 -Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Aia., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., lia bilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon. O., capital 350,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, 0, goes into liquidation. Nov. 5-First national, of Flushing., O., suy. pends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doora with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.

19. January 13, 1899 Barton County Democrat Great Bend, KS
Article from Barton County Democrat, January 13, 1899

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HAPPENINGS OF 1898. A Chronological Array of the Most Prominent Events. STORY OF SPANISH-AMERICAN WAR. Brief Mention of Financial Failures, Startling Oatastrophes and Crimes-Necrology of Year - Politics and Sport. / BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. 31-First - national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16 Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul.20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended). -Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabilities, $7,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 10-First national, of Emporia, Kan., closed. President suicides an hour later. 2S-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. S-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.

20. January 22, 1899 Wheeling Sunday Register Wheeling, WV
Article from Wheeling Sunday Register, January 22, 1899

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BANK TO REOPEN. Pittsburg, Pa., January 21.-The German National bank, which suspended payment on October 18 last, will resume business on Monday with a capital of $250,000. There is enough cash on hand to pay every dollar the bank owes ($1,300,000), and all claims will be paid on demand.

21. January 23, 1899 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, January 23, 1899

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ABBREVIATED TELEGRAMS. There are two cases of smallpox in the pest house at Fort Thomas, Ky. The pope has completely recovered his health, after his slight attack of influenza. The National Prison Reform association is in annual convention at New Orleans. It is estimated that there are 15,000 destitute persons in the province of Matanzas, Cuba. The rush to the Atlin gold fields in northern British Columbia has commenced at Vancouver. A decree has been signed at Cairo appointing General Kitchener governor general of the Soudan. A. Y. Peattie, of the land firm of Peattie, MacIntyre & Laird, Glasgow, has "sloped" with the cash, £40,000. An earthquake, lasting for ten seconds and the most severe in years, has ocurred at Port Antonio, Jamaica. An earthquake shock was felt at Richview, Ills., Saturday at 1 p. m. A roaring sound accompanied the shock. It is stated that a general strike of all non-union bottle blowers of southern New Jersey will take place this week. The German National bank, at Pittsburg, which suspended payment on Oct. 18 last, has resumed business with a capital of $250,000. Mrs. S. J. McCollough, wife of a wellknown man of Toledo, O., suicided Satfurday after attempting to kill her three children. Undoubtedly insane. At a fire in a suburb of Havana Friday Major Russell Harrison, provost marshall of the Seventh army corps, acted as chief of the fire company. The annual convention of the International Bricklayers' union, which had been in session at Hartford, Conn., for several days, adjourned Saturday. Alderman Edward F. Cullerton, of Chicago, has filed a petition in bankruptcy. Liabilities, $33,000; assets, 90,000 shares of stock in the Ward, Colo., Gold Mining company. of unknown value.

22. January 26, 1899 The Stark County Democrat Canton, OH
Article from The Stark County Democrat, January 26, 1899

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Pittsburg Bank Resumed. PITTSBURG, Jan. 24.-The German National bank, which suspended payment on Oct. 18, resumed business with a capital of $250,000. There is enough cash on hand to pay every dollar the bank owes ($1,800,000), and all claims will be paid on demand. On open accounts 6 per cent interest will be paid from the date of suspension.

23. January 28, 1899 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, January 28, 1899

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acid have Johned a trust. The president issued an order setting apart what is known as Mission rock, in San Francisco bay, as a naval station. The Cuban evacuation commission was dissolved after submitting to the president a report on their labors. Because of a threatened strike all the and were down. 2,500 men out collieries brook, Pa., at of Audenried employmnt. shut throwing HoneyChief of Police Crow, of Somerville, N.J., was shot and fatally wounded while chasing a burglar. David Williams, a surveyor. shot and killed his wife and then committed suicide at his home near Silverdale, Wash. Gen. Eagan was served with legaln tice of the ordering of a court-martial and as of were in B. charge the his United duties of Lieut. States commissary Col. army George general placed Davis. former tain to Gen. general Brooke Jiminez that of Castellanos, Cuba. the Cubans complained in capGen. the province of Santa Clara were murdering Spanish ex-volunteers. There were 249 business failures in in the seven on 318 the week the ended United the States 20th. against days previous and 374 in the corresponding period of 1898. The exchanges at theleading clearon ing the week houses ended in the United the 20th States aggregated during $1,996,541,167. against $1,940,605,370 the previous week. The increase compared with the corresponding week in 1898 was 40.8. The American officials in Porto Rico have been ordered to enforce the Chinese exclusion laws of this country on that island. Rear Admiral Schley was presented with a jeweled sword by his brother members of the Royal Arcanum at Carnegie music hall in New York. The post office and other buildings, occupying an entire block in the town of Davis, I. T., were destroyed by fire. John and Henry Hall, both negroes, were hanged at Montgomery, Ala., for the murder of James Belzer. James Booker, a young negro, was hanged at Raleigh, N.C., for the murder of his sweetheart, Mehaley White. A.E. Keith and wife, prominent residents of Creston, Ia., were burned to death in a steamboat fire in Memphis, Tenn. Burglars robbed the bank at Arthur, III., of $3,000. Vandals wrecked the offices of the Antigo Republican, the Weekly News and the German Herold at Antigo. Wis. Mrs. Mary Hine died in Ithaca, N. Y., aged 110 years. Wreckage of the missing yacht Paul Jones was found at Breton island, in the Gulf of Mexico, and those on board were given up as lost. They were William Yocum and daughter, of St. Louis; Miss Margery Woodland.of Chicago; Miss Taggart, daughter of Mayor Taggart, of Indianapolis. and a crew of four persons. Three children of John and Susan E. Shear were drowned in the reservoir at Ravenna, O. Rev. Newell Dwight Hillis, of Chicago, has accepted the pastorate of Plymouth church in Brooklyn. N. Y. John Deithloff killed his wife and himself in Chicago. Domestic trouble was the cause. More than $850,000,000 worth of farm products were exported from the United States last year, against $730,000,000 in 1897. Advices from Tacoma, Wash.. say $30,000,000 is a conservative estimate of this winter's Klondike output. Washington officials have decided upon a plan for the treatment of the Philippine situation in case Filipinos attack the American troops. The plan involves the blockading of the islands of the archipelago, the isolation of each and the subjugation of the islands one by one. A distinct earthquake shock was felt at Richview, III., but no damage was done. The German national bank at Pittsburgh, Pa., which suspended payment on October 18 last, has resumed business, paying all creditors in full. fit of insanity Mrs. S.J. McCulwife of a man ledo. committed poilough, In a O., well-known children, suicide after of whom in Tosoning her four one died. Two brothers known as the "Barton 35 years, were to twins," aged Shelbina, burned Mo. death, in their home near PERSONAL AND POLITICAL. republicans will hold the state for tice the court regents Michigan of convention supreme Jackson nomination and March of jus- 1. of the university at B. ine ternal was chosen as Nathan revenue, Scott, commissioner candidate the of West for senator by the caucus of t Virginia republicans. In North Dakota the republican legis1 lative caucus nominated Porter J. McCumber for United States senator. The funeral of Nelson Dingley, Jr., took place at Lewiston. Me. n Andrew Peterson. ex-consul of Denmark to Illinois and 15 other states,