22767. South Side Savings Bank (Milwaukee, WI)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: savings bank
Start Date: June 5, 1893
Location: Milwaukee, Wisconsin (43.039, -87.906)

Metadata

Model: gpt-5-mini
Short Digest: 151b0cd0

Response Measures

Accommodated withdrawals, Full suspension

Other: Cashier disappeared and general ledger missing; receiver appointed.

Description

Contemporary reports show an initial run on June 5, 1893, followed by the bank's suspension/closure on July 22–24, 1893. A receiver was appointed (John Barth) and the cashier disappeared; subsequent reporting shows missing ledger and evidence of misapplication of funds. The bank did not resume normal business.

Events (3)

1. June 5, 1893 Run

Cause: Local Banks
Cause Details: Run appears driven by nervous small depositors reacting to recent local failures (e.g., Plankinton Bank, F. T. Day) and general regional uneasiness.
Measures: Bank paid depositors during the run; officials reassured public but heavy withdrawals continued over the following weeks.
Newspaper Excerpt: A run is now in progress on the South Side Savings Bank. Some two or three hundred people block up the sidewalk in front of the bank, but everything is quiet and orderly.
Source: newspapers

2. July 22, 1893 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Officials cited large withdrawals over the prior month and inability to make collections; later revelations indicate misappropriation/embezzlement by the cashier exacerbated insolvency.
Newspaper Excerpt: The South Side Savings bank closed its doors at 10:40 o'clock...the officials and directors decided that they could do business no longer and concluded...it would be better to suspend without further delay.
Source: newspapers

3. July 24, 1893 Receivership

Newspaper Excerpt: John Barth was appointed receiver of the bank to-night. John B. Koetting, cashier of the defunct South Side Savings bank, has disappeared from the city and simultaneously the discovery has been made that the general ledger is not among the effects of the institution. (various papers, July 24-25, 1893).
Source: newspapers

Newspaper Articles (24)

1. June 5, 1893 Evening Star Washington, DC

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EDITION. CLOSED THEIR DOORS Meadowcraft Bros., Private Bankers at Chicago, Fail. FINANCIAL UNEASINESS IN THE WEST. Sinking of the Steamer Kaiser Wilhelm. OTHER TELEGRAPHIC NEWS. FINANCIAL UNEASINESS. Meadowcraft Brothers, Private Bankers in Chicago, Suspend. CHICAGO, June 5.-Meadowcraft Brothers, private bankers,closed their doors this morning. A crowd quickly collected on the street and anxious inquiries as to the cause of the closed doors went around. No sign was posted on the doors. In response to calls a clerk came to the doors. "The bank will not open today," he said, and withdrew. The bank is a private one, the firm being composed of Robert, Charles J. and Frank R. Meadowcroft. The business was established in 1860 b7 the father of the present proprietors. The bank occupies the quarters formerly used by the Park National Bank. which failed some ago. time Lyman E. Crandall has been appointed receiver. RUN OF THE STATE BANK OF COMMERCE. The State Bank of Commerce, having offices on the ground of the Woman's Christian Temperance Temple, is experiencing a heavy run this afternoon. It started just before noon with the appearance of some thirty or forty depositors. The news spread like wild fire and within half aa hour the lobby was filled with an excited crowd of men and women, who tore and crushed in order to get within the glass doors. The scene attracted over a thousand of the general public. and the through increased to such proportions that it was necessary to summon several policemen. who admitted the frenzied crowd one by one as fast as those at the head of the line received their money. At half-past twelve an iron bar red express wagon. containing Feveral bags of gold, was hurriedly driven up to the building and the money carried in by stalwart watchmen and placed upon the counters. This. however. did not allay the auprehensions of those outside, and for a while the o crush was intensified. The bank officials did not seem to be in the least alarmed. Cashier Frederick Miller said to the repreare not sentative of the United Press: We alarmed and we will meet this run Then he added. as a kind of after thought: "That is. as long as we are able. The officers and directors of the bank are all wealthy Germans. Herman Felse. that is president and Jacob Gross vice credient. It has a capital of half a million of dollars. Its last report made to the state auditor on May 10 showed deposit I of $1,200.000 surplus and undivided profits $25.600. against which it had about $300,000 in cash. the balance being covered by loans and discounts. overdrafts and bords. The character of the crowd during the run indicated that the depositors were largely people small or limited means. Fully 20 per cent were women. E.A. Armstrong & Co., dealers in uniforms, made a voluntary assignment this morning. Assets are stated to be $275,000; liabilities, $105,000. Arun on the Prairie State Savings Bank, which started Saturday, was resumed this morting. The oficers RE confident. however, that they have ample means available to meet all demands from depositors. The bank's business is practically confined to the west side. CLEVELAND. OHIO. June 5.-A dispatch from Sandusky says: A savings bank here was put in the hands of a receiver this morning. A BUN IN MILWAULEE. MILWAUKEE. June 5.-A run is now in progress on the South Side Savings Bank. Some two or three hundred people block up the sidewalk in front of the bank, but everything is quiet and orderly. There is a slight run on the Second Ward Bank. but the demand on the Commercial Bank seems to have subsided. Affairs at other banks are about in their normal condition. The failure of F. T. Day late on Saturday seems to have increased the neryours fears of small depositors. Business men are not in the least alarmed at the situation. and predict that the flurry will end in a day or two unless it is aggravated by more failures. KANSAS CITY, June 5.-The Kansas Grain Company. a big commission house with branch offices all over Kansas. has failed. WASHINGTON BUTCHERS SONS IN PHILADELPHIA. PHILADELPHIA, PA.. June .--Washington Butchers' Sons. provision dealers, today filed an assignment, with George W. Lex as the assignee. No statement of the assets or liabilities can be obtained. The tightness of the money market is the announced cause of the embarrassment. A VIRGINIAN'S FAILURE. Special Dispatch to The Evening Star. PETERSBURG, Vs. June 5.-E. C. McCulloch, one of the largest merchants at Blackstone, this state, has made an assignment. His property is valued at $49,000, and his creditors are secured in classes. His whole indebtedness is about @43.000. The first class simply includes expenses of the trust. There is no question about his property paying second-class debts in full, and probably the third and fourth-class. while there is a possibility of all the debts being paid in full. EULALIE WILL BE DISAPPOINTED Spain's Exhibit is Not as Near Completion

2. June 6, 1893 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, June 6, 1893

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SITUATION AT MILWAUKEE. Business Men Not Alarmed at the Flurry. The Panic Among Small Depositors. MILWAUKEE, WIS., June 5.-A run is now in progress on the South Side Savings Bank. There is a slight run on the Second Ward Bank, but the demand on the Commercial Bank seems to have subsided. Affairs at other banks are about in their normal condition. The failure of F. T. Day, late on Saturday seems to have increased the nervous fears of small depositors. Business men are not in the least alarmed at the situation, and predict that the flurry will end in a day or two, unless it is aggravated by more failures. The failures of Frank A. Lappen & Co. and the Plankinton Bank will be investigated by the grand jury. The grand jury called to investigate the matter of the recent affairs convened late this forenoon and Judge Wallber delivered his charge. He spoke about the firms and then read sections of the statutes referring to the obtaining of credit by false statements and to the acceptance of deposits when bank officials know that the bank is not in a sound condition. The first section, the court stated, referred to the Lappen matter, and the other to the Plankinton Bank. The action of Judge Wellber has created a sensation.

3. June 6, 1893 Pawtucket Tribune Pawtucket, RI

Article from Pawtucket Tribune, June 6, 1893

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COMPELLED TO ASSIGN. Several Western Banks and Business Firms is Financial Difficulties. SANDUSKY, O., June 6.-The doors of the Sandusky Savings Bank company, which closed Saturday night upon what was generally supplosed to be one of the soundest and safest institutions of the city, were not opened yesterday. Great excitement resulted Liabilities are about $300,000; assests, $300,000. KANSAS CITY, June 6.-The Kansas Grain company, a big commission house with branches all over Kansas, has failed. CHICAGO, June 6.-E. A. Armstrong & Co., dealers in uniforms, made a voluntary assignment. Assets, $275,000; liabilities, $105,000. CHICAGO, June 6.-The property of A. Weisenbach, a clothing and shoe merchant, was seized by the sheriff. The liabilities are about 875,000; assets, $50,000. CHICAGO, June 6. -A run on the Prairie State Savings bank which began Saturday was resumed yesterday. MILWAUKEE, June 6.-A run is in progress on the South Side Savings bank. There is a slight run on the Second Ward bank, but the demand on the Commercial bank seems to have subsided. CHICAGO, June 3.-Mendoweroft Bros. & Co., private bankers doing a commercial paper business, closed their doors. The concern was one of the oldest in the city. Their assets and liabilities are not known. CHICAGO, June 6.-A run started on the Dime Savings bank yesterday afternoon. This institution has deposits aggregating $600,000. The greater part of the money is tied up in securities, but is perfectly safe. NEW YORK, June 6.-The Shoe and Leather National bank has given notice that it will not clear for the Canal Street bank after today. This will make it necessary for the Canal Street bank to go into liquidation. The deposits are about $450,000. WASHINGTON, June 6. -Comptroller Eckels was informed that the Merchants' National bank of Fort Worth, Tex., capital $250,000, failed. The bank was closed on an order of the directors, and Bank Examiner Stone was placed in charge.

4. June 6, 1893 New-York Tribune New York, NY

Article from New-York Tribune, June 6, 1893

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NERVOUS DEPOSITORS IN MILWAUKEE. Milwaukee, June 5.-A run was in progress to-day on the South Side Savings Bank. Some 200 or 300 people block the sidewalk in front of the bank, but everything is quiet and orderly. There is A slight run on the Second Ward Bank, but the demand on the Commercial Bank seems to have subsided. Affairs at other banks are about in their normal condition. The fatlare of F. T. Day. late on Saturday. seems to have increased the nervous fears of small depositors. Business men are not In the least alarmed at the situation and predict that the Hurry will end in a day or two. unless It is aggravated by more failures.

5. June 6, 1893 Morning Journal and Courier New Haven, CT

Article from Morning Journal and Courier, June 6, 1893

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LONG LIST OF FAILURES. I A Big Chicago Banking Concern Closes Its Doors-Runs on Other Banks. CHICAGO, June 5.-Meadowcraft Brothers & Co., private bankers, doing a commercial paper business, closed their doors this morning. The concern was one of the oldest in the city. Their assets and liabilities are not known. Lyman F. Crandall has been appointed receiver. PANIC AT CHICAGO. CHICAGO, June 5.-The State Bank of Commerce is experiencing a heavy run this afternoon. It started just before noon. Its annual report made to the state auditor on May 10, showed deposits of $1,200,000, surplus and undivided profits of $25,600, against which it had about $300,000 in cash, the balance being covered by loans and discounts, overdrafts and bonds. SANDUSKY BANK CLOSES. CLEVELAND, June 5.-The doors of the Sandusky Savings bank, which closed Saturday night upon what was generally supposed to be one of the soundest and safest institutions of the city, were not opened this morning, but displayed the following announcement: "Owing to inability to realize upon assets at this time, this bank has been compelled to assign. All depositors will be paid in full." Some heavy demands upon it during the closing days of last week, however, precipitated the crisis this time. KANSAS GRAIN COMPANY HAS FAILED. KANSAS CITY, Mo., June 5.-The Kansas Grain company, a big commission house with branches all over Kansas, has failed. RUN ON TWO MILWAUKEE BANKS. MILWAUKEE, June 5.-A run is now_in progress on the South Side Savings bank. There is a slight run on the Second Ward bank, but the demand on the Commercial bank seems to have subsided. Affairs at other banks are about in their normal condition. RUN ON A CHICAGO BANK. CHICAGO, June 5.-A run on the Prairie State Savings bank, which started Saturday, was resumed this morning. WILL NOT CLEAR. NEW YORK, June 5.-The Shoe and Leather National bank gave notice that it will not clear for the Canal street bank after to-morrow. This will make it necessary for the Canal Street bank to go into liquidation. Its deposits are about $450,000. The notice was only sent out late this afternoon. Ii was not the regular notice, but merely a warning to other banks not to take any checks on the Canal Street bank, and the regular notice that the Shoe and Leather bank would cease to act as the redemption agent for the Canal Street bank would be sent out later in the day.

6. June 6, 1893 The Roanoke Times Roanoke, VA

Article from The Roanoke Times, June 6, 1893

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perienced a heavy run this afternoon. It started just before noon with the ap- pearance of some thirty or forty deposi- tors, news spread like wild fire and within half an hour the lobby was filled with an excited crowd of men and women. The officers and directors of the bank are all wealthy Germans. It has a capital of $500,000, its last report made May 10, showed deposits of one million two hundred thousand dollars. The appearance of the crowd during the run indicated that the depositors were largely people of small or limited means. Fully twenty per cent. were women. A run was also started on the Dime Savings Bank. This institu- tion has deposits aggregating $600,- 000, and among its directors are Col. Robt. C. Clowry, vice-president of the Western Union Telegraph Com- pany, and ex-Senator C. B. Farwell. President Bailey says the bank has a dollar and a half for every dollar de- posited, but the greater part of the money is tied up in securities. He does not know how long the bank can stand a run but expects to pull through. The bank has a capital stock of $100,000 and surplus of $50,000. There was a run to-day on the Hibernian Bank, one of the largest savings institutions in the country. De- positors were paid off at the rate of thirty a minute. The deposits amount to three and a hald millions and the officers of the bank believe they can stand the run. The run on the Prairie State Bank, which started Saturday, was resumed this morning. The officers are confident however, that they have ample means available to meet all demands. SANDUSKY, Ohio, June 5.-The doors of the Sandusky Savings Bank, which closed Saturday night upon what was generally supposed to be one of the soundest and safest institutions of the city, were not opened this morning, but displayed the following announcement: "Owing to inability to realize upon assets at this time this bank has been com- pelled to assign. All aepositors will be paid in full." MILWAUKEE, June 5.--There was a sligh trun on the Southside Savings Bank this morning. It was a sort of holdover from Saturday. By noon, however, whatever slight excitement there was nad subsided. MILWAUKEE, June 6.--Runs were started to-day on the Second National Bank and Southside Savings Bank, but neither of them assumed very serious proportions. The failure of F. J. Day, of the Plankington Bank, seems to have increased the nervous fears of small depositors. Business men are not in the least alarmed at the situation.

7. June 8, 1893 Echo De L'ouest Minneapolis, MN

Article from Echo De L'ouest, June 8, 1893

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FAILLITES DE BANQUES L "Exchange Bank" de Glad stone, Mich., a fait faillite. C'est une conséquence de la faillite d6 la "Plankinton BaLk" de Mi'waukee. MM, SAuger, Moody et Steel de Jolliet, Ill., ont fait faillite. La "Patt r's Bak" one des plus vieilles banques du comté de Paulding, Ohio, viont de fermer ses portes. Elle avait été établie en 1874 et faisait des affairea considérables. MM Ch-vraton, Martin et Cie banquiers avenue Ogden à Chra go viennent de déposer leur bilan Passif 100.000 dollare. Lq "Merchants National Bank," la plus vieille de Tacoma, Wash., a suspendu BEB paremente. Son capital était de $250,000. La Plankin'on Bai k" de Mil waukee, a fait failli'e. MM. Hermann, Schaffner et Cie banquiers de Chicago ont déposé leur bilan On dit que Schaffner B'est suicidé. La "Bank of Beresford," S. D vient de fermer ses portes. A sa tête se trouvait A. A. Amee. La "Sandusky Savings Bank Company" de S ndueky O. a suspendu 803 paiements. La "M rchants National Bank" de Fort Wo th Texas, à fermé ses portes. La "Canyon Bank" de Spokane à fait faillite. -MM. Madowaraft frères, banquiers de Chicago, ont déposé leur bilan. A Milwaukee la "South Side Savinga Bauk" et la "Second Ward Bank" sont sur le point de suivre l'exemple d - 8 banques BUB nommée3. Il en est de meme de la "Illinois Trust & Savings Bank of Chica go."

8. July 22, 1893 The Providence News Providence, RI

Article from The Providence News, July 22, 1893

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have GONE TO THE wall. Additional Bank Failures Announced Over the Wire Today. MEMPHIS, Tenn., Ju'y 22 -The city bank of Jollico, Tenn., the only banking nstitution in the place, has failed. In Greeley, Colorado, GREELEY, Col. July 22.-The Union bank has made an assignment to James F. Benedict of Denver. It is said that the bank is perfectly solvent, but that the assignment was smade because it as feared some creditor would take advantage of the new attachment law recently passed by the legislature, In Texas. Lampasa, Tex., July 22.-The private banking house of J. and L. W. Galbreach did not open its doors today. The liabilities of the concern are $60,000, assets $120,000. A run on the first national bank is in progress. In Wisconsin. MILWAUKEE, Wis., July 22.-The Milwaukee National bank and the South Side-Savings bank failed to open their doors this morning. Runs are now in progress on all of the principal hanks in the city and failures are hourly expected. In Kansas. TOPEKA, Kan., July 22.-The First National bank of Anthony has closed its doors. The assets are placed at $154,000, and liabilities $50,000.

9. July 22, 1893 Evening Star Washington, DC

Article from Evening Star, July 22, 1893

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THE SITUATION IN MILWUAKEE. Runs on Various Banks That Are Able to Meet Demands. MILWAUKEE, July 22.-Runs which started on all the banks early in the day were still in progress this afternoon. The crowds at several of the banks had increased on account of the spreading of the news that the South Side Savings Bank and Milwaukee National Bank had failed. The run on the Merchants' Exchange Bank was possibly the heaviest, but the crowd at the Second Ward Bank was nearly as large. The Merchants' Exchange Bank paid out money freely, and its officers said they were confident that they would be able to meet every demand. The depositors in the Second Ward Bank are mainly German working people, who seemed to have become panic stricken despite the fact that the bank is backed by Milwaukee's wealthy brewers. who have given a personal guarantee for everything in the bank. The air was full of rumors of failures and impending failures in mercantile circles, but up to noon no suspensions had occurred. President Trumpff of the South Side Savings Bank said depositors have been making very large withdrawals during the past month, while collections had been impossible. The officials and directors decided that they could do business* no longer and concluded that in the interests of the patrons and themselves it would be better to suspend without further delay. While they hope to be able to resume after the storm has blown over, they are not able to state anything definite. The closing of the Milwaukee National Bank was a surprise even to some of the stockholders. J. M. Pereles, who owns a block of the bank's stock, says there is no reason why the bank should have closed except that the officers were afraid to stand a run. A statement a few days ago showed that the bank had assets in excess of the liabilities amounting to between $500,000 and $600,000. People who are not posted could not believe that the bank, which was one of the oldest in the city, had failed, and scores of people walked into the entrance. read the brief notice announeing the bank's suspension and walked out again. Bernard and Jacob Gross, comprising the firm of Gross Bros., soap manufacturers. have confessed judgment in the sum of $21,014.20 on a note made April 30. 1892, and May 18, 1892, in favor of Leopold Gross.

10. July 23, 1893 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, July 23, 1893

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$286,012.46; due creditors on time, $735,452; due others not included under above holdings, $25,000; total, $1,158,965.17. G. C. Trumpff was president of the Southside Savings Bank and J. B. Koetting cashier. Runs which started on all the banks early in the day were still in progress this afternoon. The crowds at several of the banks had increased in consequence of the spread of the news that the Southside Savings Bank and Mil waukee National Bank had failed. Therun on the Merchants' Exchange Bank was probably the heaviest, but the crowd at the Second Ward Bank was not so large. The Merchants' Exchange Bank paid out money freely, and its officers said they were confident they would be able to meet every demand. The depositors in the Second Ward Bank are mainly German working people, whoseemed to have become panio-stricken, despite the fact that the bank 18 backed by wealthy brewers, who have given a personal guarantee for everything in the bank. The air was full of rumors of failures and impending failures in mercantile circles, but up to noon no suspensions had occurred. President Trumpff, of the South-side Savings Bank. said depositors had been making very large withdrawals during the past month. while collections had been impossible. The officials and directors decided that they could do business no longer under the circumstances and concluded that in the interests of the patrons and themselves it would be better to suspend without further delay. While they hope to be able to resume after the storm has blown over, they are not able to state anything definite. The closing of the Milwaukee National Bank was a surprise even to some of the stockholders. J. M. Pereles, who owns a block of the stock. says there 18 no reason why the bank should have closed except that the officers vereafraid to stand a run. A statement a few days ago showed that the bank had assets in excess of liabilities amounting to between $500,000 and $600,000. People who were not posted could not believe that the bank, which was one of the oldest in the city. had failed and scores of people walked into the entrance, read the brief notice announcing the bank's suspension, and walked out again. The run on the Merchants' Exchange Bank began subsiding later in consequence of the posting of a guarantee signed by Charles Pfister, the Vogels, John Black, Julius Gall and other wealthy stockholders. A repetition of the guarantee, made at the time of the Plankinton Bank tailare, by Captain Pabst and other brewers, will doubtlees be made at the Second-ward Savings Bank. Bernard and Jacob Gross, comprising the firm of Gross Brothers, soap manufacturers. have confessed judgment in the sum of $21,014. on notes made April 30. 1892, and May 18,1892, in favor of Leopold Gross.

11. July 23, 1893 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, July 23, 1893

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MILWAUKEE TROUBLES, The Milwaukee National Fails to Open Its Doors. MILWAUKEE, July 22.-The Milwaukee National bank failed to open its doors this morning. A run is now in progress on all the leading banks of the city. The report of the Milwaukee National bank on July 12 showed: Resourcee, $1,965,386; liabilities-deposits, $723,998; due other hanks, $196,910; other liabilities, $445,048; capital stock, $250,000; surplus, $250,000; undivided profits, $99,439. The South Side Savings bank closed its doors at 10:40 o'clock. The report made on the first Wednesday of this month showed: Resources, $1,158,965. Liabilities, due depositors, $1,021,465; due others, $25,000; capital stock, $100,000; undivided profits, $12,500. The situation seems better this afternoon. The run on the Merchant's exchange, which was the heaviest, is subsiding, consequent of a guarantee notice of the leading citizens and other banks. The run was heavy on the Second Ward National, which has mostly small German depositors. But it has the backing of big brewers and no damage is apprehended. President Noyes of the Milwaukee National has given a statement for publication in which the bank is shown to be perfectly solvent with assets of half a million above the liabilities, but in the present condition of strained affairs it was thought best to close the doors.

12. July 25, 1893 Evening Journal Wilmington, DE

Article from Evening Journal, July 25, 1893

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BANK CASHIER DISAPPEARS. And Simultaneously Disappears the General Ledger of the Institution. MILWAUKEE, July 25.-John B Keetting, cashier of the defunct South Side Savings Bank, has disappeared from the city and simultaneously with his disap pearance the discovery has been made that the general ledger is not'among the effects of the institution. President Trumpff, of the bank, says the cashier left Milwaukee last Friday, and that before taking his deperture he left him (Trumpff) a power of attorney to convert his real estate and homestead worth $50,000 into cash for the benefit of the bank's creditors. John Barth was appointed receiver of the bank last night

13. July 25, 1893 The Morning Call San Francisco, CA

Article from The Morning Call, July 25, 1893

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BANK FAILURES. Suspension of the National of Louisville. LOUISVILLE. July 24.-The Louisville City National Bank closed its doors this afternoon. Since the financial stringency began the bank has exerted itself to increase its cash resources, but could make little headway against the general tendency. The steady daily drain was too much for it. The last statement, made July 20, showed the following: Capital stock paid in, $400,000; surplus, $80,000; undivided profits, $22,796. It is hardly probable that the bank will resume. Three years ARO W. H. Pope, its teller, fied with over $70,000, and this was a hard blow to the bank. Bank Examiner Escoll has been placed in charge. The depositors will be paid in full. MILWAUKEE, July 24.-John B. Koetting, cashier of the defunct South Side Savings Bank, has disappeared from the city, and simultaneously the discovery has been made that the general ledge of the institution is not among the effects of the the cashier says bank. President left Trumpff Milwaukee of the last bank Friday and before taking his departure left with him (Trumpff) a power of attorney to convert his real estate and homestead. worth $50,000. into cash for the benefit of the bank's creditors. John Barth was appointed receiver of the bank to-night. TACOMA. July 24.-The Tacoma National Bank failed 10 open this morning. It was one of the best and most conservative banks in the city. Its deposit accounts were very large. and since the failare of the Merchants' National early in June it has been made a special point of attack by frightened depositors. In the last seven weeks it has paid out nearly 50 per cent of its deposits. The bank is believed to be entirely sol. vent, and its officers are confident it will reopen within thirty days. The failure was followed by slightly increased withdrawals from other banks, but no other failures are anticipated, as all other banks are said to be well fortified with cash. GREAT FALLS, Mont., July 24.-The Merchants' National Bank closed its doors at noon. A notice signed by the airectors stated that all depositors will be paid in full. The property of President Banks was attached on Saturday for $25,000, and he was deposed. The assets and lin bilities are not yet known. The bank held $21,000 of city, $32,000 of county and $20,000 of State funds, but has little or no ready money on hand. There is no uneasiness about other banks, PLAINVIEW, Nebr.. July 24.-ThePlain-

14. July 25, 1893 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, July 25, 1893

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A CASHIER SKIPS. At the Same Time the General Ledger Disappears. MILWAUKEE, Wis., July 24.-John B. Koetting, cashier of the defunct South Side Savings bank, has disappeared from the city, and simultaneously the discovery is made that the general ledger of the institution is not among the effects of the institution. President Trumpff of the bank says the cashier left Milwaukee last Friday, and before taking his departure left with him (Trumpff) a power of attorney to convert his real estate and homestead worth, $50,000, into cash for the benefit of the bank's creditors. John Barth was appointed receiver of the bank tonight.

15. July 26, 1893 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, July 26, 1893

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Closed to Gain Time. MILWAUKEE, Wis., July 25.-The Wisconsin Fire and Marine Insurance Bank has closed its doors. The last statement of the Fire and Marine bank rendered on the first of the month gave the total liabilities at $8,946,344. Cashier Murphy has made the following statement: "We have been subjected to a constant drain for some time, and have realized on every asset on which the bank could get money on short notice. "We felt that under existing circumstances it was only a question of time when suspension would inevitably come and therefore decided to close. This bank is not insolvent by any means and only` time is needed to realize enough money to meet every liability." Cashier and Ledger Missing. MILWAUKEE, July 25. - John A. Koetting, cashier of the defunct South Side Savings bank, has disappeared from the

16. July 26, 1893 Rock Island Daily Argus Rock Island, IL

Article from Rock Island Daily Argus, July 26, 1893

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ABBREVIATED TELEGRAMS. A Georgia delegate to the Monona lake assembly advocates settling the race problem by establishing a separate state for negroes. Obituary: At Lake Geneva, Wis., Arthur Kaye, proprietor of Kaye's Park hotel. At Ottawa, Ont., Christopher S. Patterson, supreme court judge, aged 70. A New York report says that Grand Master Workman Powderly, of the Knights of Labor, has resigned, and that James J. Linehan, president of the Trade and Labor Assembly of Chicago, is likely to be his successor. Nicaraguan revolutionists have shelled the city of Ma: agua. Two persons were killed and many buildings damaged. United States Minister Baker and representatives of other foreign powers have sent a formal protest to the revolutionary junta. A genuine volcano is reported to have been discovered four miles south of Ponca, Neb. The Plainview (Neb.) State bank, which was burglarized of $3,000 in cash Sunday night has suspended. A cyclone at Cale, I. destroyed a number of buildings and ruined crops. John B. Koetting, cashier of the South Side Savings bank at Milwaukee, which failed Saturday, has mysteriously disappeared. The National Bank of the Commonwealth and the Bank of New England at Manchester, N. H., have suspended. The Ohio Transfer and Storage company's building at Columbus, 0., were burned, causing a loss of $300,000. By the bursting of a boiler the flouring mill of Kenny & Newgard at Hawarden, Ia., was wrecked, entailing a loss of $3,000, not covered by insurance. Frank Chapman, engineer, was seriously injured. The contract for building the Milwaukee city hall has been let to Paul Riesen for $696,348. The convention of Christian Endeavor at Montreal cost the local committee over $100,000, and claims are accumulating in excess of that amount Russian crop prospects have greatly improved. A fairly large yield is now expected, especially of rye, the chief breadstuff of the nation. Statistics gathered by the German imperial commission on labor show that in many parts of the empire the duration of work exceeds fifteen hours daily. The Merchants' National and Louisville Deposit banks, at Louisville, have suspended. This makes four Louisville banks that have collapsed in the last three days. Depositors will lose nothing. Simmons Liver Regulator, bear in mind, is ot an experiment. It is endorsed by thousands

17. July 27, 1893 River Falls Journal River Falls, WI

Article from River Falls Journal, July 27, 1893

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and the Traders' at Tacomah Falls, Wash. The First national at San Bernardino, Cal., resumed business, as did also the Second national at Ashland, Ky. THE death of James D. Rawlins, a veteran of the Blackhawk war of 1832, and father of the distinguished Gen. John A. Rawlins, chief of staff to Gen. Grant, died at Guilford, 111., aged 92 years. *THE three sons of Frank Lundgren, of Geneseo, III., aged respectively 15, 20 and 22, were drowned in Green river by the capsizing of a boat. FOUR soldiers were killed and six outlaws were mortally wounded during a fight in Wise county, Va., between state troops and outlaws. FOR not working out his poll tax M. J. Dowling, editor of the Star at Benville, Minn., a man with neither legs nor hands, was arrested by order of the village council. FIRE swept away the entire business portion of Edgerton, O., a town of 1,200 inhabitants, the loss being $100,000. A LAWSUIT caused W. R. Shoemaker, of Metropolis, III., to kill George and Richard Lukens and then commit suicide. IN Cincinnati defective sewerage was causing a dangerous landslide and many houses had already been completely wrecked. IN Detroit Mascot defeated Hal Pointer and Flying Jib, pacing five heats in less than 2:08 and breaking the world's record. A MOB in Lafayette county, Fla., hanged a negro who assaulted and murdered the 9-year-old daughter of Carr Elliott. FLAMES burned a block at Paulding, O., and part of another, causing a loss of $200,000. THE death of Gen. William Vandever occurred at his residence in Ventura, Cal., aged 76 years. He was elected to congress from Iowa in 1858 and reelected in 1860, but resigned his seat to enter the army. Ex-Gov. GEORGE C. PERKINS, of San Francisco, has been appointed United States senator to succeed the late Leland Stanford. A MOB lynched Lee Walker, a negro who assaulted Miss Mollie McCadden (white) and four colored girls at Memphis, Tenn., and then his body was burned. WHILE temporarily insane Allen E. Jones, aged 40 years, living near Texarkana, Ark., beat out the brains of his wife and three children with an ax and then hanged himself. Two SISTERS named Plant, of Nuncia, Mich., arrived at the world's fair grounds, after walking all the way from Muskegon, Mich., 220 miles. The journey was made in ten days. A FIRE in the Keifer building in New Orleans caused a loss of $100,000 and J. E. McDonald, a fireman, was suffocated. C. W. DE Pauw, the millionaire manufacturer at New Albany, Ind., made an assignment with liabilities of $400,000. IN Detroit Frank Waller, of Indiana, broke the 25-mile bicycle record, making the distance in 1 hour 6 minutes and 10 seconds. IN San Francisco ground will be broken this week for the California Midwinter exposition which is to follow the world's fair. IN the records of the state auditor of Kansas an apparent shortage of $36,000 was discovered in connection with the sale of public school lands. THE Milwaukee national and the South Sidesavings banks in Milwaukee closed their doors, and the State na tional bank at Knoxville, Tenn., and First national at Russell, Kan., were forced to suspend. THE world's fair gates were closed OL Sunday. THE sawmill owned by Duncan Bremer & Co. at Duluth, Minn., was burned, causing a loss of $100,000. MRS. McDoNALD and her two chil-

18. August 4, 1893 New-York Tribune New York, NY

Article from New-York Tribune, August 4, 1893

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THE MILWAUKEE NATIONAL BANK SOLVENT. Milwaukee, Wis., Aug. 3.-Bank Examiner Lynch has finished his examination of the books of the Milwaukee National Bank of Wisconsin, and has forwarded his report to the Controller of the Currency. He says the bank is solvent. Mr. Lynch will remain in charge of the bank until It resumes or until it is put into the hands of a receiver for the winding up of its affairs. The Grand Jury was called to-day to investigate the South Side Savings Pank fullure. The president, G. C. Trumpff. and the cashier, J. B. Koetting, are missing. Affairs of the bank are In bad shape, and depositors will probably lose everything.

19. August 4, 1893 The Madison Daily Leader Madison, SD

Article from The Madison Daily Leader, August 4, 1893

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SOUTH SIDE SAVINGS BANK. I A Grand Jury Called to Investigate Its Suspension. MILWAUKER, Aug. 4.-Judge Wallber has issued a call for another grand jury. It is not customary to state before the jury convenes for what purpose it is called, but it can be safely stated that it is for the purpose of investigating the affairs of the failed South Side Savings bank. The circumstances of the failure, the accepting of large deposits when the bank was clearly unable to meet its obligations, the present disappearance of its cashier, Mr. Koetting, the president, Mr. Trumpff, with the general ledger, make the case much simpler than that for which the directors and officers of the Plankinton bank were indicted by another grand jury a few weeks ago.

20. August 21, 1893 New-York Tribune New York, NY

Article from New-York Tribune, August 21, 1893

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USED THE BANK'S FUNDS TO GAMBLE. Milwaukee, Aug. 20.-The money of the South Side Savings Bank, which John B. Koetting squandered while cashier, went into deals on the Board of Trade. Receiver Barth says $139,000 disappeared in that way. Mr. Koetting dealt through Jacob Wurster, a commission man, and the latter, in case of losses, drew on the bank, his checks being honored by Koetting. On the books It looked as if Mr. Wurster had overdrawn his account, whereas the transaction was simply a means of collecting Koetting's indebtedness. Court Commissioner Roehr, John H. Koponeir, a brother-in-law of Koetting, and John Graf have gone to Denver to see Koetting. Koponeir and Graf are on his bond as executor of the Shepardson estate, and as the estate has been squandered they are supposed to be desirous of having him transfer his Milwaukee property to them as an indemnity.

21. October 12, 1893 Oxford Eagle Oxford, MS

Article from Oxford Eagle, October 12, 1893

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PERSONAL AND GENERAL. THE situation at Brunswick, Ga., on the night of the 2d, was worse than at any time since the outbreak of the yellow fever, if that were possible. Twelve new cases had developed up to 5 p. m. There were two new cases on St. Simon's island, off Brunswick and four at Jekyll island. The total number of cases reported since the epidemie began was 122. SECRETARY HESTER'S New Orleans cotton exchange statement, issued on the 3d. shows the smallest movement of cotton into sight for September since 1888, the total amounting to 505,249, against 506,178 last year, 832,317 the year before and 856,438 for September. 1890. A SOUTH-BOUND fast freight train on the Cleveland, Cincinnati, Chicago & St. Louis road ran into some heavily loaded flat cars which had been carelessly left by a local freight crew near Edgemont, O., on the 3d, causing an ugly wreck and killing two tramps and fatally injuring two others. JOHN B. KOETTING, cashier of the failed South Side savings bank of Milwaukee, under indictment for illegal banking, failed to appear in court on the 2d, and his bond of $15,000 was declared forfeited. Koetting was recently taken back from Denver, after much trouble, and put under bonds to appear. THE president and Mrs. Cleveland, Ruth and little Esther will become-comfortably settled in their beautiful country home in Woodley Lane, just outside of the city of Washington, within a few days. It is one of the finest locations in the District of Columbia. DORA PETERS, a 16-year-old girl living near Lafayette, Ind., committed suicide by hanging herself in a barn on the 1st. Her body was discovered on the morning of the 2d. She was a bright, vivacious girl and no reason can be given for her rash act. THE town of Baku, capital of the Russian government of that name on the west shore of the Caspian sea, has become practically bankrupt owing to the costly anti-cholera regulations enforced by the government. TELEGRAPHIC communication with the island of Santa Catharina, which is reported to have fallen into the hands of the insurgent Brazilians, has been suspended. Two men entered the depot at Divide, Col., on the evening of the 2d, and held up the agent and operator and robbed the office of $150. The robbers crawled through the ticket office window and used the agent's rifle, which stood ready for his use in anticipation of a possible attack. THE province of Santa Fe has been pacified, and the whole of the Argentine republic is now quiet. PAID admissions to the World's fair on the 5th were 154.755. PAID admissions to the World's fair on the 6th were 179.965. THE missing furs, valued at $10,000, stolen from the exhibit of Pavel Greenwaldt, of Russia, at the World's fair were found by a detective, on the 4th, nicely rolled up and placed in a chest found standing against a wall in Manufactures building. Five employes of the Russian section were arrested on suspicion of complicity in the theft. THE contract of Wells, Fargo & Co. with the Southern Express Co., will expire in little more than a month. Half a dozen express companies are preparing bids for the contract, among them the Adams Express Co. The Wells, Fargo Co. have for nearly half a century had the control of the business of the Pacific coast. THE Newshy infantry barracks at Roslavl, province of Smolensk, Russia, were burned on the night of the 4th. About 400 men ran out in their night clothes. Of sixty who were driven to the roof and were obliged to jump for their lives, eleven were killed and eight were injured so that they will die. Twenty-three men and five non-commissioned officers were burned to death and many others are missing.

22. January 11, 1894 The Anaconda Standard Anaconda, MT

Article from The Anaconda Standard, January 11, 1894

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so WAGS THE WORLD. RICHMOND, Ind., Jan. 10.-The Starr piano works burned this morning. Loss, $300,000; insurance, $40,000. MINNEAPOLIS, Jan. 10.-Ignatius Donnelly was elected president of the Minnesota State Farmers' alliance this morning. NEW BRUNSWICK, N. J., Jan. 10.-C. S. Schepflin and P. Sehultz. manufacturing clothiers at Plainfield, N. J., assigned. Assets, $287,000; liabilities, $179,000. DENVER, Jan. 10.-Judge Lewis B. Aiken, one of the oldest jurists in the West, died last night of apoplexy. He was well known in Omaha and Galesburg, III. DENVER, Jan. 10.-All dealers in lignite coal have signed an agreement for forming a trust this morning. The price has advanced from $2.50 and $1.25 per ton to $4. Eighty dealers are in the combine. EVANSTON, Wyc., Jan. 10.-G. W. MeGarth, superintendent of the Union Pacific company coal department, has posted a notice offering a reward of $10,000 for information leading to the arrest of the persons who set fire to mine No. 7 at Almy. INDIANAPOLIS, Jan. 10.-E. P. Husten and E. O. Hopkins of Evansville have been appointed receivers of the Peoria, Decatur & Evansville railway. The appointments were made at Springfield, III., yesterday on application of D. J. Mackey, president of the company. SALTILLO, Mexico, Jan. 10.-A bloody battle occurred at Cuantrolios, the result of an old feud between the Velasco and Panjora families. The heads of the families were killed in the beginning. Since then three Velascos and two Panforas have been killed. leaving three on each side. MILWAUKEE. Jan. 10.-The trial of John B. Keating, cashier of the wrecked South Side Savings bank. was begun this morning. The defendant entered a plea attacking the jurisdiction of the court. It was overruled. The work of securing a jury is in progress.

23. May 2, 1895 Reporter and Farmer Webster, SD

Article from Reporter and Farmer, May 2, 1895

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A Crumb for Depositors. Milwaukee. April 30. - Receiver Barth, of the South Side Savings bank, authorizes the statement that n dividend of 5 per cent will be paid about May 1. This will make, altogether, 10 per cent that has been paid to depositors. There are about 0,000 depositors. The amount of claims proven against the bank is $1,304,280.33. The nominal value of the assets 18 $789,642.65, and the liabilities, deducting the payments already made, amount to $1,247,364.50. Cashier Koetting will be placed on trial again next month.

24. April 2, 1896 Mineral Point Tribune Mineral Point, WI

Article from Mineral Point Tribune, April 2, 1896

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TELEGRAMS IN BRIEF. DOMESTIC. Vermont has ten living ex-governors all republicans. The greater New York bill has passed the assembly, 91 to 56. Fifteen hundred Dunkards, from colonies in six states have gone to North Dakota. The Princeton track team will meet California university in the Yale-Princeton games May 16. Three prisoners in the county jail at Wausau, Wis., escaped by digging through a brick wall. F. H. Castlemaine, of New York, husband of one of the Southerland sisters, committed suicide taking poison. Dr. Ball, the eminent naturalist, says that the whaling and sealing industries in Alaska are practically exhausted. Major Edward Leslie, a well-known inventor, whose wife and family are in Canada, committed suicide in Patterson, N.J. A cablegram is received by the state department confirming the rumor of the death of President Hippolyte, Hayti. Alonzo P. Carpenter has been appointed chief justice of the New Hampshire supreme court to succeed Charles Doe, deceased. Mrs. Howard M. White, wife of a bl. cycle rider. of Trenton, N. J., has been granted a divorce at Perry, O. T., on a plea of abandonment. A stable in New York city has the following sign displayed: "For sale, a good second-hand mule, acquainted with the ice wagon business." Detroit's mayor has fixed up a system of street car transfers in that city by which a passenger can ride thirtyfive miles for 3 cents. Guy Smith, who was stabbed at Superior, Wis., by Con Lewis, is in a critleal condition. Lewis admits the stabbing, but claims self-defense. Albert Swanson was killed by falling earth at Marquette. Samuel Stagg, a well known farmer at Iowa City, Iowa, has disappeared. Machars, Maine, had a $125,000 fire yesterday. The Vose block, the finest in the city, was destroyed. Sydney Smith, of Pendleton, Ky., killed Robert W. Vance, the brother of Smith's divorced wife, and made an unsuccessful attempt at suicide. There is great activity in railroad car building this year. So far 12,500 cars have been built and most of the builders have large orders on hand. Colcolough, who pitched for Pittsburg last season and is now on Wilkesbarre's reserve list, refuses to sign a contract unless he is given a larger salary. Mrs. Josephine Snyder, of Port Jarvis, N. Y., has died of poisoning. Her husband died two days previously from the same cause. A daughter is under guard. Coal miners in convention at Philadelphia, Pa., representing the central and northern fields, decided to accept the advance of F cents a ton offered by operators. John Barth, receiver of the South Side Savings bank of Milwaukee, declares that the depositors will receive a dividend of a per cent. in about two months. The C. N. Nelson Lumber company has sold all its interests at Clequet, Mich., and in the adjoining county for $4,000,000. the buyers being the Frederick Weyerhauser interests. In the T. C. Shove banking case, on trial at Oshkosh, Wis. Judge Burnell refused to admit as evidence the books of Flagler & Co. of Manitowoe, who failed soon after the bank suspended. The board of directors of the Union Park Driving association of Saginaw Mich., have decided to hold a race meet. ing during the coming summer. The total amount of money offered is $25, 000. Health officers want $300.000 with