Union County Bank (Rahway, NJ)

Episode Information

Episode UID
2609827691201
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
state
Bank ID
260982769 hash
Start Date
January 5, 1900
Location
Rahway, New Jersey (40.608, -74.278)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0c0e40b40be6fdd2

Response Measures

None

Description

Later listings (Jan 1901) show the bank among business failures, consistent with permanent closure after the suspension.

Events (3)

1. January 5, 1900 Run
Cause
Local Banks
Cause Details
Depositors feared connections with the wrecked Middlesex County Bank and reacted to presence of state examiners and related rumors.
Measures
Cashier paid checks as presented; obtained currency from New York; paid deposits until mid-afternoon.
Newspaper Excerpt
There was a run on the Union County Bank, of this city, to-day, for which there seems to be no good reason.
Source
newspapers
2. January 6, 1900 Suspension
Cause
Local Banks
Cause Details
Two days' heavy withdrawals following the run (fueled by suspicion from the Middlesex County Bank failure and presence of examiners) forced closure.
Newspaper Excerpt
The Union County Bank has been compelled to suspend, owing to the unusual demand made upon it by depositors.
Source
newspapers
3. January 3, 1901 Receivership
Newspaper Excerpt
Jan. 3-Wabasha, Minn., People's bank. 6-Rahway, N. J., Union county bank.... (listed under BUSINESS FAILURES).
Source
newspapers

Newspaper Articles (21)

Article from New-York Tribune, January 6, 1900

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RUN ON UNION COUNTY BANK. MANY DEPOSITORS DRAW OUT THEIR MONEY-ALL DEMANDS MET. Rahway, Jan. 5 (Special).-There was a run on the Union County Bank, of this city, to-day, for which there seems to be no good reason. As soon as the bank opened for business this morning depositors began to arrive and draw out their balances. The news spread rapidly that there was a "run" on the bank. and soon the counting room was crowded with depositors anxious to withdraw their money. Edward H. Sherwood, the cashier, who also acts as teller. paid all checks as fast as presented until 11 o'clock. when all large depositors who demanded the balance of their accounts were told that they would have to await the arrival of currency from New-York. The president of the bank, Edward S. Savage, who practises law at No. 31 Nassau-st., New-York, went to the city on an early train, and by 1 o'clock a messenger arrived here with a large amount of currency, and payments were resumed. There was a steady run on the bank until 3 o'clock, when the doors were closed for the day. All depositors in the bank before 3 o'clock were told to remain, and their checks were paid. State Bank Examiners L. R. Vredenburgh, of Somerville, and Thomas F. Chambers, of Trenton, have been examining the bank's affairs for the last two days. The examination, they assert, was made in the regular course of their work. and not because of any suspicion that the bank's affairs were. at all involved. Their presence. and the report in a New-York newspaper on Sunday that proceedings had been begun against a certain insurance concern in New-York City, seem to be the only reason for the "scare" that seized the depositors. The bank examiners state that so far as they have completed their examination the institution is perfectly solvent. Many of the largest depositors and the business men generally have not withdrawn their. accounts and express themselves as satisfied that the bank is in good condition. The officers and directors of the bank are: Edward S. Savage, president: M. D. Valentine, vicepresident: W. V. McKenzie, W. Bloodgood, J. M. Silvers and J. Lester Laforge, directors. The bank was organized in 1887 with a capital of $50,000, and has a surplus of $25,000. A semi-annual dividend of 4 per cent was declared on December 21, and for several years an annual dividend of 8 per cent has been paid on its stock. It is believed to-night that the worst is past and that confidence in the bank will be fully restored before another day is over.


Article from Evening Star, January 6, 1900

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RAHWAY, N. J., BANK FAILS. Caused by a Run on Institution by Depositors. Rahway, N. J., Bank Suspends. NEW YORK, January 6.-The-Union County Bank of Rahway, N. J., has suspended. The following notice was placed on the front door of the bank building today RAHWAY, N. J., January 6. 1900. The Union County Bank has been compeiled to suspend, owing to the unusual demand made upon it by depositors. So far as the official examination has progressed there does not seem to be any sufficient reason to doubt that depositors will be paid in full as soon as the bank can realize on its investments. THOMAS K. JOHNSTON. Deputy Commissioner of Banking and Insurance. It was known for several days that the bank accounts were under investigation, and this led to a run on the bank during Thursday and Friday, and it is said that about $30,000 was paid out yesterday, and there were still many depositors awaiting to draw out money when the bank closed for the day. After this the directors held a meeting and discussed the situation. and as an outcome it was decided not to open the bank this morning for the reason given in the notice issued by Deputy Commissioner Johnson. To all inquiries today the officers of the Rahway Bank stated that the notice issued by Deputy Commissioner Johnson contained about all the information that at present could be made public regarding the suspension of the bank.


Article from The Evening Times, January 6, 1900

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A Bank Suspends Business. ELIZABETH, N. J., Jan. 6.-The depositors of the Union County Bank, of Rahway, were intensely excited this morning when the bank finally closed its doors and tacked the following notice on the door: "The Union County Bank has been compelled to suspend, business owing to the unusual demand made upon it by its depositors. So far as the official examination has progressed there does not seem to be any sufficient reason to doubt that the depositors will be paid in full as soon as they can realize on its investments." The notice is signed by Thomas K. Johnson, deputy commissioner, and banking inspector.


Article from The Jersey City News, January 6, 1900

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RAHWAY BANK SUSPENDS. Two Days' Run By Depositors Made It Necessary to Close. [Special to "The Jersey City News." RAHWAY, Jan. 6, 1900. - The Union County Bank has suspended and an excited crowd of depositors surrounded the building. A run started on the bank and lasted two days, with the result that it was found necessary to close the institution. Thomas K. Johnson, Deputy Commissioner of Banking and Insurance, posted the following notice on the bank:"The Union County Bank has been compelled to suspend, owing to the unusual demands made upon it by its depositors. So far as the official examination has progressed there does not seem to be any sufficient reason to doubt that the depositors will be paid in full as soon as the bank can realize from its investments." The Union County Bank has been paying 8 per cent. dividends on a capital of $50,000. The bank, which is a State institution, had a surplus of $25,000. After the difficulties of the Middlesex County Bank of Perth Amboy, which was robbed by its cashier, George M. Valentine, there was some evidence of timidity on the part of depositors as the President of the Union County Bank, Edward F. Savage, had been Valentine's lawyer, and the Vice President of the Union County Bank, Mulford D. Valentine, was an uncle of the defaulting cashier of the Middlesex County Bank. Because of these facts there was a suspicion in certain arters that there might be some relation between the banks. NEW YORK, Jan. 6, 1900.-President Edward S. Savage, stated that the Union County bank had absolutely no connections with the Middlesex County Bank. He attributed the run on the bank to the presence of the State banking inspectors and said that the depositors became frightened as to the safety of their money and the heavy run on the bank left no other alternate but to close the doors.


Article from The Providence News, January 6, 1900

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CLOSED ITS DOORS. Union Bank of Rahway, N. J.; Forced to Suspend Business by a Run. Bank Commissioner Says Depositors Will Probably Be Paid in Full. New York, Jan. 6.-The Union Bank of Rahway, N. J., on which there had been a run for two days suspended today. The following notice was posted: The Union County Bank has been compelled to suspend owing to the unusual demand made upon it by depositors. So far as the official examination has progressed there does not seem tc be any sufficient reason to doubt tha depositors will be paid in full as soon as the bank can realize on its invest menits. (Sgd.) THOMAS K. JOHNSON, Deputy Commissioner of Banking and Insurance. The Union County Bank has bee paying eight per cent. dividend on a capital of $50,000. The bank, which is i state institution had a surplus of $25,000. After the difficulties of the Middle sex County Bank of Perth Amboy, N J., which was robbed by its cashier George M. Valentine, there was som evidence of timidity on the part of the Union County's depositors, as the pres ident of the United County Bank, Ed ward Savage had been Valentine's lawyer and the vice-president of the Union County Bank. Melford D. Valentine was an uncle of the defaulting cashier of the Middlesex County bank.


Article from New-York Tribune, January 7, 1900

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UNION COUNTY BANK SUSPENDS. BELIEVED TO BE SOLVENT, BUT SUDDEN DEMANDS OF DEPOSITORS COMPEL IT TO CLOSE. Rahway, N. J., Jan. 6 (Special).-Thomas K. Johnson, Deputy Commissioner of Banking and Insurance, posted the following notice on the front door of the Union County Bank, in this city, this morning: The Union County Bank has been compelled to suspend, owing to the unusual demand made upon It by the depositors. So far as the official examInation has progressed there does not seem to be any sufficient reason to doubt that the depositors will be paid in full as soon as the bank can realize from its investments. The run on the bank, which began yesterday morning, continued throughout the day, and was brought about by the suspicion that the Union County Bank had some connection with the Middlesex County Bank at Perth Amboy, which was wrecked some time ago by George M. Valentine, the cashier, who is now serving a term in the State Prison. The suspicion was strengthened by the presence here of the State Bank Examiners, and precipitated the demands of the depositors. Edward S. Savage, president of the Union County Bank, said to-day that it had absolutely no consection with the Middlesex County Bank. The Union County Bank, which is a State institution, had a surplus of $25,000, and has been paymg 8 per cent dividends on a capital of $50,000. The announcement of the Deputy Commissioner has juleted many of the depositors, but some of them are still greatly excited, and are anxious to draw but their money.


Article from The Seattle Post-Intelligencer, January 7, 1900

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NEW JERSEY BANK FAILS. Run Causes a Small Concern to Close Its Doors. NEW YORK, Jan. 6.-The Union County bank, of Rahway, N. J., today placed a notice on its door announcing that it had been compelled to suspend owing to the unusual demand made upon it by depositors, "but that there is good reason to believe that depositors will be paid in full as soon as the bank can realize on its investments." The bank has been paying S per cent. dividends on a capital of $40,000. It is a state institution and has a surplus of $25,000. After the difficulties of the Middlesex County bank, of Perth Amboy, N. J., which was robbed by its cashier, George M. Vallentine, there was some evidence of timidity on the part of the depositors of the Union County bank, as President Edward F. Savage had been Vallentine's lawyer, and the vice president of the Union County bank. Mulford D. Vallentine. was an uncle of the defaulting cashier of the Middlesex County bank. It was known for several days that the bank accounts were under investigation and this brought on a run. It is said about $30,000 were paid out yesterday and there were still many depositors awaiting to draw out money when the bank closed for the day. The directors had a meeting late yesterday and as an outcome it was decided not to open the bank today. To all inquiries the officers of the bank stated that the notice issued by Deputy Commissioner Johnson contained about all the information that at present could be made public regarding the suspension.


Article from The Indianapolis Journal, January 7, 1900

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JERSEY BANK FAILURE. Run on a Rahway Institution Results in Its Suspension. NEW YORK, Jan. 6.-The Union County Bank of Rahway, N. J., has suspended. The following notice was posted on the front door of the bank building to-day: "Rahway, N. J., Jan. 6.-The Union County Bank has been compelled to suspend, owing to the unusual demand made upon it by depositors. So far as the official examination has progressed, there does not seem to be any sufficient reason to doubt that depositors will be paid in full as soon as the bank can realize on its investments. THOMAS K. JOHNSTON, "Deputy Commissioner of Banking and Insurance." The Union County Bank has been paying 8 per cent. dividends on a capital of $40,000. The bank, which is a state institution, had a surplus of $25,000. After the difficulties of the Middlesex County Bank, of Perth Amboy, N. J., which was robbed by its cashier, George M. Valentine, there was some evidence of timidity on the part of the depositors, as the president of the Union County Bank, Edward F. Savage, had been Valentine's lawyer, and the vice president of the Union County Bank, Mulford D. Valentine, was an uncle of the defaulting cashier of the Middlesex County Bank. It was known for days that the bank's accounts were not accounted for, and this led to a run on the bank during Thursday and Friday, and it is said that about $30,000 was paid out yesterday, and there were still many depositors awaiting to draw out money when the bank closed for the day. After this the directors decided not to open the bank this morning.


Article from The Salt Lake Herald, January 7, 1900

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BANK CLOSES DOORS. Heavy Run Forces New Jersey Institution to Suspend. New York, Jan. 6.-The Union County Bank of Rahway, N. J., today placed a notice on its door announcing that it had been compelled to suspend owing to the unusual demand made upon its by depositors, "but that there is good reason to believe that depositors will be paid in full as soon as the bank can realize on its investments." The bank has been paying 8 per cent dividends on a capital of $40,000. It is a state institution and has a surplus of $25,000. After the difficulties of the Middle_ sex County bank of Perth Amboy, N. J., which was robbed by its cashier, George M. Vallentine, there was some evidence of timidity on the part of the depositors of the Union County bank, as President Edward F. Savage had been Vallentine's lawyer, and the vice president of the Union County bank. Mulford D. Vallentine, was an uncle of the defaulting cashier of the Middlesex County bank. It was known for several days that the bank accounts were under investigation, and this brought on a run. It is said about $30,000 was paid out yesterday and there were still many depositors awaiting to draw out money when the bank closed for the day. The directors had a meeting late yesterday and as an outcome it was decided not to open the bank today. To all inquiries the officers of the bank stated that the notice issued by Deputy Commissioner Johnson contained about all the information that at present could be made public regarding the suspension.


Article from The Wichita Daily Eagle, January 7, 1900

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UNION COUNTY BANK SUSPENDS "Owing to Unusual Demand of Depositors" Located at Rahway N.J, New York, Jan, 6.-The Union County bank of Rahway, N. J., today placed a notice on its door announcing that it had been compelled to suspend, owing to the unusual demand made upon it by depositors, "but there is a good reason to believe that depositors will be paid in full as soon as the bank can realize on its investments." The bank has been paying 8 per cent dividends on a capital of $40,000. Its a state institution and had a surplus of $25,000. After the difficulties of the Middlessex county bank of PerthAmboy, N. J., which was robbed by its cashier, eGorge M. Valentine, there was some evidence of timidity on the part of the depositors, as the president of the Union County bank, Edward F. Savage, had been Valentine's lawyer, and the vice president of the Union County bank, Mulford D. Valentine, was an uncle of the defaulting cashier of the Middlesex County bank. It was known for several days that the bank's accounts were under investigation, and this brought on a run. It is said that about $30,000 was paid out yesterday and there were still many depositors waiting to draw out money when the bank closed for the day. The directors held a meeting late yesterday and as an outcome it was decided not to open the bank. To all inquiries today the officers of the bank stated that the notice issued by Deputyy Commissioner Johnson contained about all the information that at present could be made public regarding the suspension.


Article from Bismarck Daily Tribune, January 8, 1900

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BRIEF BITS OF NEWS. The Union County bank of Rahway, N. J., has suspended. The United States collier Brutus has arrived at Manila from Guam, Ladrone islands. Colonel William S. King of Minneapolis is very ill and his recovery is not anticipated. Andrew Carnegie has promised the college of Emporia, Kan., $50,000 for a library building as soon as the present debt is paid. A cablegram from Rome, Italy. announces the death at that city of J. B. Stallo, a prominent attorney of Cincinnati, and formerly minister of the United States at Rome. Ernest J. Lohman, founder of the Fair department store, and the first to put into execution in Chicago the department store idea, died Friday night at White Plains, N. Y. Lohman had long been a patient at a private sanitarium in White Plains.


Article from The Madison Daily Leader, January 8, 1900

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BRIEF BITS OF NEWS. The Union County bank of Rahway, N. J., has suspended. The United States collier Brutus has urrived at Manila from Guam, Ladrone islands. Colonel William S. King of Minneapolis is very ill and his recovery is not anticipated. Andrew Carnegie has promised the college of Emporia. Kan.. $50,000 for a library building as soon as the present debt is paid. A cablegram from Rome. Italy. announces the death at that city of J. B. Stallo, a prominent attorney of Cincinnati. and formerly minister of the United States at Rome. Ernest J. Lohman. founder of the Fair department store. and the first to put into execution in Chicago the department store idea. died Friday night at White Plains, N. Y. Lohman had long been n patient at a private sanitarium in White Plains.


Article from The Portland Daily Press, January 8, 1900

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VALENTINE AGAIN. I His Wrong Doing Indirectly the Cause of Another Bank's Suspension. New York, January 6-The Union County bank of Rahway, N.J., on which there has been a run for two days, suspended today. The following notice was posted: "The Union County bank has been compelled to suspendlowing to the unusual demand made upon it by deposiors. So far as the official examination has progressed there does not seem to be any sufficient reason to doubt that depositors will be paid in full as soon as the bank can realize on its investments. (Signed) "Thomas K. Johnson, "Deputy Commissioner of Banking and Insurance." The Union County bank has been paying 8 per cent dividends on a capital of $50,000. The bank, which is a state institution, had a surplus of $25,000. After the difficulties of the Middlesex County bank of Perth Amboy, N. J., which was robbed by its cashier, Geo. M. Valentine, there was some evidence of timidity on the part of the Union County's depositors, as the president of the Union County bank, Edward F. Sav age, had been Valentine's lawyer and the vice-president of the Union County bank, Melford D. Valentine, was an uncle of the detaulting cashier of the Middlesex County bank.


Article from Little Falls Weekly Transcript, January 9, 1900

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MINOR ITEMS OF INTEREST The Union County bank of Rahway, N. J., has suspended. General T. H. Stanton, U. S. A., retired, is critically ill at Omaha. Julia Marlowe, the actress, has been granted a divorce from Robert Tabor. William J. Bryan was the guest of honor at the Jackson day banquet at Chicago Saturday. J. E. Sutton, editor and proprietor of The Daily Reporter of Logansport, Ind., committed suicide at St. Paul while on his way home from a trip to Portland, Or. Cato Sells, the Lowa Democratic leader, was seriously injured while alighting from a carriage at Chicago. He was on the programme for a speech at the Jackson day banquet. The Davenport, Rock Island and Northwestern road, one of the new lines built in Iowa this year, has been opened for freight and passenger service. It owns 41 miles of road. The business men of Dubuque are entering a vigorous protest against the removal of division headquarters of the Illinois Central from that city to War terloo and also against the building of new shops at Waterloo instead of Dubuque. Ernest J. Lohman, founder of the Fair department store, and the first to put into execution in Chicago the department store idea, died Friday night at White Plains, N. Y. Lohman had long been a patient at a private sanitarium in White Plains.


Article from Condon Globe, January 11, 1900

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LATER NEWS. The United States is ahead of Great Britain as a coal producer. tin-plate emThe Montpelier has closed. mill, ploying 200 men, are well pleased with Wood, he is the one man for and Cubans say the task. Three persons were killed and seven injured in a tonement-house fire at New York. The staemr Gazelle was wrecked off the Flordia coast. A passing steamer saved the crow. The Union County bank, of Rahway, N. J., being unable to withstand a run, was forced to suspend. California capitalists are going into fruit culture in the states of Vera Cruz and Oaxaca, Mexico. The United States will not prevent France's attempt to settle her claim with Santo Domingo. A new American banking concern has opened in the City of Mexico with $100,000 paid in capital. Michigan has a sensation and several state official# have been indicted for bribery and embezzlement. Rev. Dr. Edward McGlynn is dead at Newburgh, N. Y. He succumbed to Bright's disease after seven weeks. A bill will soon be presented to congress for a plan for another national park, to be located at the headwaters of the Mississippi. There will be a conference of the governors of the arid states and territories at Salt Lake January 17 to consider the question of arid lands. In Clay county, Kentucky, two men we're shot and killed and four other a participants seriously wounded in fight that started at a murder trial. A Pacific Mail steamer arrived in San Francisco with a cargo of 9,614 tons, nearly twice as much as any ship that had ever entered the Golden Gate. Congressman Hopkins of the house and means committee says there ways will be no revision of the war revenue tax law at this session of the 56th congress. Attached to the annual report of the secretary of agriculture is a recommendation for agricultural experiment stations in the government's new island possessions. A brother of one of the Boer generals who is visiting Chicago, says that if Britain crushes the Transval armies there will be no peace, as the Boers will fight to the last. General Greeley, the chief signal officer of the army and the well-known and Arctic explorer, was assaulted his seriously injured by a messenger in own home at Washington. Tagals are not friendly to Archbishop Chapelle, now at Manila football team The Stanford defeated of 28 the all-Seattle players by a score to 0. The treasurer of Shelby county, In diana, is short $125,000. His books are missing. The Paris high court has found M. De Roulede of guilty conspiracy under extenuating circumstances. Hanna will be chairman of the next be Republican national committee, cause the president wishes it. Because he rode on a railway pass, suit has been filed against a member of the Kentucky election board. President Cole, of the Globe National bank, of Boston, which recently failed has returned and will stand trial. Peter S. Wilkes died at Stockton Cal. He was a confederate congressman during the last year of the war. The president has nominated General a Bates, Young and McArthur for promotion. Bates is to succeed Lawton a was found of bubonic plague in symptoms A native with all Manila the e Two deaths occurred in the house where he was sick. e As a result of campaigning in th Philippines 14 soldiers are insane a the Presidio in San Francisco. They will be sent to Washington. . n The situation at Ladysmith is be e coming horrible. Twenty deaths in one day were reported by General d White. Entric fever and dysentery are prevalent. recent California earthquak volcanoes t caused The inactive old in the deser well to become active; made gas is at Yuma flow again and caused fissure in the ground. ar lines have all advanced freigh lo Merchants have of that the new tariff saying rates. Trunk filed will protest driv business away from New York, haul ship 'e pers taking advantage of shorter y to New Orleans and other ports. 0 Both houses of congress are after Sec be 0 retary Gage The legislators desire 10 know by what right the treasurer in 08 creased deposits of government fund New York banks during the recen in financial flurry there and correspond 8. ence in the matter is asked. al On her recent trip the steamer Aus 8, tralia would not accept steerage pas th in sengers at Honolulu on account of t, plague scare. One death occurred o d December 22, and two Chinese wer in found dead on Christmas day. Thes ar fatalities started the plague scar again. According to the Montreal Herald Canada never before was 80 prosperous k, de Miss A. B. Mulroney, of Philade


Article from Vilas County News, January 15, 1900

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DOMESTIC. Chicago January wheat, 651/4c. Lipton will challenge for the cup in 1901. Princeton's football team earned $21,670. Efforts will be made to repeal the bankruptcy law. McCoy will not train Corbett, as he hopes to fight him. Colt gun is likely to be selected for the use of the army. Milwaukee populists decided not to fuse with democrats. The broom trust has advanced prices 10 to 15 per cent. At Macon, Ga., there are six inches of snow on the level. There are cases of bubonic plague in Honolulu and Manila. Bryan said the Chicago platform would be reaffirmed. The Union County bank of Rahway, N. J., has suspended. W. W. Watt (white) was lynched in Newport News. Va. The Nebraska fusion state convention will be held at Lincoln March 19. Mrs. Johanna Keefe of Galena died at the age of 103 years. At Hartford. Conn.. Alfred E. Burr, editor of the Times. died. The Iowa senatorial fight ended in the re-election of Gear. J. F. Crennan, manager of the Topeka branch of the Standard Oil com-


Article from Iowa County Democrat, January 18, 1900

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DOMESTIC. Lipton will challenge for the cup in 1901. Princeton's football team earned $21,670. Efforts will be made to repeal the bankruptcy law. McCoy will not train Corbett, as he hopes to fight him. Colt gun is likely to be selected for the use of the army. Milwaukee populists decided not to fuse with democrats. The broom trust has advanced prices 10 to 15 per cent. At Macon, Ga., there are six inches of snow on the level. There are cases of bubonic plague in Honolulu and Manila. Bryan said the Chicago platform would be reaffirmed. The Union County bank of Rahway, N. J., has suspended. W. W. Watt (white) was lynched in Newport News, Va. Mrs. Johanna Keefe of Galena died at the age of 103 years. The Nebraska fusion state convention will be held at Lincoln March 19. At Hartford, Conn., Alfred E. Burr, editor of the Times. died. The Iowa senatorial fight ended in the re-election of Gear. Michigan appropriated $75,000 more for indigent Spanish war veterans. J. F. Crennan, manager of the Topeka branch of the Standard Oil company, was run over by an engine and killed. Admiral Dewey has accepted the invitation to visit St. Louis in May. New York will experiment with the registration of letters by carriers.


Article from Marietta Daily Leader, January 3, 1901

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BUSINESS FAILURES, Jan. 3-Wabasha, Minn., People's bank. 6-Rahway, N. J., Union county bank.... New York, Hulbert H. Warner, patent medicine manf.; $2,319,027. Plankington, S. D., State bank. 17-Chicago, Francis P. Owings, rent estate; $5,364,977. Feb. 7-New Bedford, Mass., Henry E. Holcomb, manf.; $1,351,438 Boston, Miner, Beal & Co., clothing firm, $450,000. 26-United States milling combine (flour trust); $15,000,000. Mar. 3-Port Jarvis (N. Y.) Nat. bank resumes; had suspended payment in December. 5-J. F. Seiberling, formerly manufacturer at Akron, O., files bankruptcy petition; $800,000, assets, $30. 19-John Kehoe, builder of New York, files bankruptcy petition; $1,520,085; no assets. 22-D. Appleton & Co., New York, publishers; $3,000,000. 26-Rutland, Vt., Merchants' Nat. bank.... Keene, N. H., Five Cent savings bank for $1,449,05S; and Guarantee savings bank for $718,873. Apr. 3-Cambridge (Neb.) State bank; $40.000. 10-Columbus, O., Reinhard & Co.'s bank; $140,000. 12-Yates Center, Kan., Citizens' state bank. 27-Adolph Landauer, dry goods dealer of Milwaukee: $391,945.31. May 11-Frank L. Fuller's private banks at Rockford and Cedar Springs, Mich. 21-Pentwater, Mich., Neilson & Co.'s bank. 26-Price, McCormick & Co., of New York, cotton brokers and shippers; $13,000,000. 28-Seymour, Johnson & Co., stock and cotton brokers of New York; $500,000. Jun. 5-W. C. Shields' bank at Mulberry Grove, Ill. 15-McNair & Alexander, cattlemen at Ashland. Kan.; $542,000. Aug. 13-Henry J. Neill, the "barley king." files petition in bankruptey: $500,000.... Kingfisher (Col.) bank; $61,000. 17-Somerset (Ky.) Nat. bank. Sep. 6-Lamont (I11.) state bank; $12,000. 7-Fifth Avenue Savings & Loan Ass'n., of McKeesport, Pa.; $500,000. 18-Hatch & Foote, New York brokers; $2,000.000. 19-South Danvers Nat. bank, at Peabody, Mass. Nov. 17-German Nat. bank, at Newport, Ky. Dec. 12-Bank at Brillion. Wis. 13-Order of Chosen Friends, Jarge fraternal insurance association.


Article from The Jasper Weekly Courier, January 4, 1901

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BUSINESS FAILURES. Jan. 3-Wabasha. Minn., People's bank. 6-Rahway. N. J., Union county bank.... New York, Hulbert H. Warner, patent medicine mant.: $2,319,027. Piankington. S. D., State bank. 17-Chiengo, Francis P. Owings, real estate: $5,364,977. Feb. 7-New Bedford, Mass., Henry E. Holcomb. mant: $1,361,438.... Boston, Miner, Beal & Co., clothing firm, $450,000. 26-United States milling combine (flour trust); $15,000,000. Mar. 3-Port Jarvis (N. Y.) Nat. bank resumes; had suspended payment in December. 6-J. F. Seiberling. formerly manufacturer at Akron, O., files bankruptcy petition; $800,000. assets, $30. 19-John Kehoe, builder of New York, files bankruptcy petition: $1,520,085; no assets. 22-D. Appleton & Co., New York, publishCTS: $3,000,000. 26-Rutland, Vt., Merchanis' Nat. bank.... Keene, N. H., Five Cent savings bank for $1.449,058; and Guarantee savings bank for $718,873. Apr. 3-Cambridge (Neb.) State bank; $40,000. 10-Columbus, O., Reinhard & Co.'s bank; $140,000. 12-Yates Center. Kan., Citizens' state bank. 27-Anolph Landauer, dry goods dealer of Milwaukee: $391,945.31. May 11-Frank L. Fuller's private banks at Rockford and Cedar Springs, Mich. 21-Pentwater, Mich., Neilson & Co.'s bank. 26-Price, McCormick & Co., of New York, cotton brokers and shippers; $13,000,000. 28-Seymour, Johnson & Co., stock and cotton brokers of New York; $500,000. Jun. 5-W. C. Shields' bank at Mulberry Grove, III. 15-McNair & Alexander, cattlemen at Ashland. Kan.; $542,000. Aug. 13-Henry J. Neill. the "barley king," files petition in bankruptcy; $500,000.... Kingfisher (Col.) bank: $61,000. 17-Somerset (Ky.) Nat. bank. Sep. 6-Lamont (III.) state bank; $12,000. 7-Fifth Avenue Savings & Loan Ass'n., of McKeesport, Pa.; $500,000. 18-Hatch & Foote, New York brokers: $2,000,000. 19-South Danvers Nat. bank, at Peabody, Mass. Nov. 17-German Nat. bank. at Newport, Ky. Dec. 12-Bank at Brillion, Wis. 13-Order of Chosen Friends, large fraternal insurance association.


Article from The Grenada Sentinel, January 5, 1901

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BUSINESS FAILURES. Jan. 3-Wabasha, Minn., People's bank 6-Rahway, N. J., Union county bank New York, Hulbert H. Warner, patent medicine manf.: $2,319,027. Plankinton. S. D., State bank. 17-Chicago, Francis P. Owings, real estate: $5,364,977. Feb. 7--New Bedford, Mass., Henry E. Holcomb, manf.; $1,351,438 Boston, Miner, Beal & Co., clothing firm, $450,000. 26-United States milling combine (flour trust): $15,000,000. Mar. 3-Port Jervis (N. Y.) Nat. bank resumes; had suspended payment in Decem. ber. 5-J. F. Selberling, formerly manufacturer at Akron, O., files bankruptcy petition; $800,000, assets, $30. 19-John Kehoe, builder of New York, files bankruptcy petition; $1,520,085; no assets. 22-D. Appleton & Co., New York, publishers; $3,000,000. 26-Rutland, Vt., Merchants' Nat. bank Keene, N. H., Five Cent savings bank for $1,449,058; and Guarantee savings bank for $718,873. Apr. 3-Cambridge (Neb.) State bank: $40,000. 10-Columbus, O., Reinhard & Co.'s bank; $140,000. -Yates Center, Kan., Citizens' state bank. 27-Adolph Landauer, dry goods dealer of Milwaukee: $391,945.31. May 11-Frank L. Fuller's private banks at Rockford and Cedar Springs, Mich. 21-Pentwater, Mich., Neilson & Co.'s bank. 26-Price, McCormick & Co., of New York, cotton brokers and shippers; $13,000,000. 28-Seymour, Johnson & Co., stock and cotton brokers of New York: $500,000. Jun. 5-W. C. Shields' bank at Mulberry Grove, Ill. 15-McNair & Alexander, cattlemen at Ashland. Kan.: $542,000. Aug. 13-Henry J.O'Nelll, the "barley king, files petition in bankruptcy; $500,000 Kingfisher (Col.) bank; $61,000. 17-Somerset (Ky.) Nat. bank. Sep. 6-Lamont (III.) state bank: $12,000. 7-Fifth Avenue Savings & Loan Ass'n., of McKeesport, Pa.: $500,000. 18-Hatch & Foote, New York brokers; $2.000,000. 19-South Danvers Nat. bank, at Peabody, Mass. Nov. 17-German Nat. bank, at Newport, Ky. Dec. 12-Bank at Brillion, Wis. 13-Order of Chosen Friends, large fraternal insurance association. 21-American nat. bank of Baltimore, Md. 1 25-Isaac Robinson. at Baltimore, Md., manufacturer: $800,000.


Article from Willmar Tribune, January 9, 1901

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BUSINESS FAILURES. Jan. 3-Wabasha, Minn., People's bank. 6-Rahway, N. J., Union county bank New York, Hulbert H. Warner, patent medicine manf.; $2,319,027. 9-Plankinton, S. D., State bank. 17-Chicago, Francis P. Owings, real estate; $5,364,977. Feb. 7-New Bedford, Mass., Henry E. Ho!comb, manf.; $1,351,438 Boston, Miner, Beal & Co., clothing firm, $450,000. 26-United States milling combine (flour trust); $15,000,000. Mar. 3-Port Jervis (N. Y.) Nat. bank resumes; had suspended payment in December. 5-J. F. Seiberling, formerly manufacturer at Akron, O., files bankruptcy petition; $800,000, assets, $30. 19-John Kehoe, builder of New York, files bankruptcy petition; $1,520,085; no assets. 22-D. Appleton & Co., New York, publishers; $3,000,000. 26-Rutland, Vt., Merchants' Nat. bank. Keene, N. H., Five Cent savings bank for $718,873. $1,449,058; and Guarantee savings bank for Apr. 000. 3-Cambridge (Neb.) State bank; $40,12-Yates Center, Kan., Citizens' state bank. 27-Adolph Landauer, dry goods dealer of Milwaukee; $391,945.31. May 11-Frank L. Fuller's private banks at Rockford and Cedar Springs, Mich. 21-Pentwater, Mich., Neilson & Co.'s bank. 26-Price, McCormick & Co., of New York, cotton brokers and shippers; $13,000,000. 28-Seymour, Johnson & Co., stock and cotton brokers of New York; $500,000. Jun. 5-W. C. Shields' bank at Mulberry Grove, III. 15-McNair & Alexander, cattlemen at Ashland, Kan.; $542,000. Aug. 13-Henry J. Neill, the "barley king," files petition in bankruptcy; $500,000.... Kingfisher (Col.) bank; $61,000. 17-Somerset (Ky.) Nat. bank. Sep. 6-Lamont (Ill.) state bank; $12,000. 7-Fifth Avenue Savings & Loan Ass'n., of McKeesport, Pa.; $500,000. 18-Hatch & Foote, New York brokers; $2,000,000. 19-South Danvers Nat. bank, at Peabody, Mass. Nov. 17-German Nat. bank, at Newport, Ky. Dec. 12-Bank at Brillion, W.is. 13-Order of Chosen Friends, large fraternal insurance association. 21-American nat. bank of Baltimore, Md. 25-Isaac Robinson, at Baltimore, Md., manufacturer; $800,000.