Stone City Bank (Joliet, IL)

Episode Information

Episode UID
2631848591115
Episode Type
Run → Suspension → Closure
Bank Type
trust
Bank ID
263184859 hash
Start Date
November 30, 1892
Location
Joliet, Illinois (41.525, -88.082)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
54aefac878396d56

Response Measures

None

Description

Bank suspended after a depositor run tied to the collapse of the Joliet Enterprise Company; an assignment/receiver was recorded promptly.

Events (3)
1. November 30, 1892 Run
Cause
Bank Specific Adverse Info
Cause Details
Run triggered by shutting down/collapse of the Joliet Enterprise Company (owned/operated by same parties) which exposed intertwined assets.
Measures
Paid out about $50,000 to depositors early in the day, then tellers ordered to stop payments and doors closed to the public.
Newspaper Excerpt
A run was made yesterday morning on the Stone City bank, a private institution operated by Henry Fish & Sons.
Source
newspapers
2. November 30, 1892 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension of payments due to the run prompted by the Enterprise Company's confessed judgments and trust deed filings and subsequent collapse.
Newspaper Excerpt
The Stone City bank, a private institution, suspended payment today on account of a run, caused by the shutting down of the Enterprise Company.
Source
newspapers
3. December 1, 1892 Receivership
Newspaper Excerpt
Just before 6 o'clock last night in the county court an assignment of the Stone City National bank was recorded by the attorneys for the firm; the assignment was in favor of J. L. O'Donnell.
Source
newspapers

Newspaper Articles (21)
1. December 1, 1892 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, December 1, 1892

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$500.000 FAILURE Stone City Bank and Enterprise Co. of Illinois Go Under. JOLIET, III., Nov. 30.-The Stone City Bank, a private institution suspended payment today on account of a run, caused by the shutting down of the Enterprise Company, one of the departments of the big wire fence industry. The bank is operated by II. Fish & Sons, and was thought to be one of the soundest institutions in the state. The trouble began with the Enterprise Company cenfessing judgements for $183,175 and filing a trust deed for borrowed money to Mrs. C. A. Miller for 8136,313. Fish Brothers are sons of Henry Fish, with F. H. Connell, were the proprietors of the Enterprise Company. Mrs. Miller is an aunt of the Fishs, who are also related to Mrs. John A. Logan. It is estimated that nothing less than 8500,000 will settle the firm's affairs. The failure of the Enterprise Co. is due, it is announced, to dull trade. The bank's affairs are so involved with the wire mill that it will take considerable time to unravel the tangle. The larger part of the bank's assets is invested in the mill business. Many business houses of Johet kept their accounts at the bank and its suspension will result in great embarrassment to them. The greatest sufferers will be laboring men. A large number of mill employes entrusted it with their savings. The president of the broken bank was Henry Fish, and his three sons, Charles M., Henry and George Fish, conducted the affairs of the mill. Mr. Fish, Sr., had the reputation of being one of the ablest financiers of the West. He was rated at 8500,000, and his sons at as much more. There was never a rumor, even, affecting the solvency of either bank or mill up to tonight. It is not believed the bank's condition is beyond resuscitation, only that its assets are temporarily locked up. Its deposits range from $400,000 to $500,000. It is not thought that the mill will resume. It employed between 400 and 500 hands.

2. December 1, 1892 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, December 1, 1892

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POOR PEOPLE LOSERS. Work and Perhaps Money Gone in a Heavy Failure, JOLIET, Ill., November 30.-The Stone City Bank, a private institution, suspended payment today on account of a run, caused by the shutting down of the Enterprise Company, one of the departments of the big wire fence industry. The bank is operated by H. Fish & Sons, and was thought to be one of the soundest institutions in the state. The trouble began with the Enterprise Company confessing judgment for $183,175, and filing a trust deed for borrowed money, to Mrs. C. A. Miller, for $136,313. The Fish brothers, sons of Henry Fish, with F. H. Connell, were the proprietors of the Enterprise Company. Mrs. Miller is an aunt of the Fish boys, who are also related to Mrs. John A. Logan. It is estimated that nothing less than $500,000 will settle the firm's affairs. The failure of the enterprise is due, it is announced, to dull trade. The bank's affairs are so involved with the wire mill that it Il take considerable time to unravel the tangle. The larger part of the bank's assets are invested in the mill business. Many business houses of Joliet kept their accounts at the bank, and its suspension will result in great embarrassment to them. The greatest sufferers will be the laboring mon. A large number of mill employes entrusted it with their savings. The president of the broken bank was Henry Fish. His three sons, Charles M., Henry and George Fish, conducted the affairs of the mill. Mr. Fish, Sr., had the reputation of being one of the ablest financiers of the West. He was rated at $500,000, and his sons at as much more. There was never a rumor, even, affecting the solvency of either the bank or mills up to tonight. It is not believed the bank's condition is beyond resuscitation, only its assets are temporarily locked up. Its deposits range from $400,000 to $500,000. It is not thought the mill will resume. It employed between 400 and 500 people.

3. December 1, 1892 Grand Rapids Herald Grand Rapids, MI
Article from Grand Rapids Herald, December 1, 1892

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Run on the Bank. JOLIET, III., Nov. 30.-The Stone City bank, a private institution, suspended payments today on account of a run caused by shutting down one of the departments of the big wire fence industry. The bank is operated by H. Fish & Sons and was thought to be one of the soundest financial institutions in the state. The run was causeless. The Fishes are relatives of Mrs. John A. Logan and have more wealth than would be needed to start half a dozen banks like the one they own.

4. December 1, 1892 The Helena Independent Helena, MT
Article from The Helena Independent, December 1, 1892

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An Illinois Bank Suspends. JOLIET, III., Nov. 30.-The Stone City bank has suspended. It had a capital stock of $100,000. The failure was caused by the collapse of the Enterprise company. run by the same parties who owned the bank. The

5. December 1, 1892 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, December 1, 1892

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RAN THE BANK INTO ASSIGNMENT. The Stone City Concern at Joliet Called on for More Than It Had. JOLIET, Ills. Dec. 1.-A run was made yesterday morning on the Stone City bank, a private institution operated by Henry Fish & Sons. The fact that all comers got their money without a murmur did not deter the others in the crowd, who stood stolidly awaiting their turn. By 9:35 a. m. $50,000 had been paid out. It was evident that the payment could not last much longer, so orders were issued to the teller to pay out no more money. The crowd was dismissed with the assurance that the bank would pay depositors every dollar and the doers were closed to the public. Started by Idle Workingmen. The run was started by the workingmen of the Enterprise mill. Those who were discharged when the mill was closed were paid in time checks. They expected to get the money at the bank. but it being after hours and the doors closed they started rumors of insolvency, which precipitated the run. The liabilities of the Stone City bank are about $175,000, due depositors. The firm claims to have given security of $250,000 worth of property. The Bank Makes an Assignment. Just before 6 o'clock last night in the county court an assignment of the Stone City National bank was recorded by the attorneys for the firm. The assignment was in favor of J. L. O'Donnell. George H. Monroe was appointed receiver of the Joliet Enterprise company. The citizens were greatly excited yesterday. The business houses in all part of the city did but little business and men left their work in the mills, factories and stores to inquire about the deposits they had left at the Stone City bank.

6. December 1, 1892 The Providence News Providence, RI
Article from The Providence News, December 1, 1892

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THE "RUN" DID IT. A Private Banking Institution Susports Payment-Depositors Excited. NOB JOLIET, III., Dec. 1.-The Stone City Bank, a private institution, has suspended payment on account of a run, caused by the shutting down of the Enterprise Company, one of the departments of the big wire fence industry. The bank is operated by H. Fish & Sons, and was thought to be one of the soundest institutions in the state. The crowd at the doors of the bank when the failure was announced, was a large one and much excited. It is not believed that the bank's condition is beyond resuscitation, but only that its assets are temporarily locked up. Its deposits range from $400,000 to $500,000. It is not now thought that the mill will resume. It employed between 400 and 500 people.

7. December 1, 1892 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, December 1, 1892

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A FAILURE. The Stone City Bank Suspends.Cause of " Disaster. JOLIET, Ill., Nov. 30.-The Stone City bank suspended today by reason of the run caused by shutting down the Enterprise Company bank operated by H. Fish & Sons, and was thought to be one of the soundest financial institutions in the state. The failure is believed to be a heavy one. The failure Was caused by the Enterprise Company confessing judgment for $183,175 and filing a trust deed to Mrs. C. A. Miller for $136,313. It is estimated that nothing less than half a miltion dollars will settle the firm's affairs. The failure of the Enterprise company, it is announced, was due to the dull season. The affairs of the bank are 80 involved with those of the company that it will take considerable time to unravel the tangle. Many business houses in Joliet kept accounts at the bank. The suspension will result in great embarrassments to them. The greatest sufferers, however, will be laboring men, as many

8. December 1, 1892 New-York Tribune New York, NY
Article from New-York Tribune, December 1, 1892

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TWELVE PAGES. THE NEWS THIS MORNING. Foreign.-M. Brisson has not yet succeeded in forming a new French Ministry : important testimony was given before the Panama investigating committee. The committee of the Monetary Conference held its first meeting: its proceedings are to be kept secret until its report is made to === Herr Richter severely critithe conference. oized Chancellor von Caprivi's speech on the GerII A Japanese warship was man Army bill. sunk in a collision. === The "Journal" of Paris published what it asserted was the text of the latest Triple Alliance treaty. Domestic.-The Nicaragua Canal Convention opened its sessions in New-Orleans, with delegates present from every State and Territory. General Raum submitted his annual report on the Secretary work of the Pension Bureau. Charles Focter made a reply to Ashbel P. Fitch's criticism of the Treasury Department's attitude on John I. Davenport's accounts. The Stone City Bank, of Joliet, III., suspended. with liabilities of $500,000. The trial proper of Professor II. P. Smith for heresy began in Cincinnati The theory of Lizzie Borden's insanity is discredited. City and Suburban.-The Presbytery of NewYork spent the day considering Dr. Briggs's demurrer; two of his objections were not sustained, one he waived conditionally, and one was sustained; an effort to cut off the last paragraph of the indictment failed by a vote of 70 to 68, the members voting by rollcall. Mrs. A. A Anderson gave $350,000 to Roosevelt Hospital for The the erection of a memorial pavilion. cornerstone of the new building of the Post The Graduate Medical School was laid. Yuengling Brewing Company was unable to pay interest on its bonds. Important testimony was given regarding the cholera before the Senate disBankers Committee on Immigration. === cussed the silver proposition made at the Brussels Monetary Conference. = Several members of the faculty of St. Paul's Cathedral School at Garden City unexpectedly resigned. = Trains were blocked on Long Island by the heavy fall of snow. ===== Stocks fairly active and generally lower. The selling was for both accounts, but the bear faction was unusually aggressive. Final changes were generally declines, but exceptions were numerous, and the industrial stocks particularly were strong. Money on call ruled at 51-2 per cent. The Weather.- Forecast for to-day: Fair with slight thermal changes; a trifle warmer at night, maybe. Temperature yesterday : Highest, 32 degrees: lowest, 27; average, 29 1-4.

9. December 2, 1892 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, December 2, 1892

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IN HOPELESS RUIN. Little Will Be Saved From the Financial Crash in Joliet, Ill. Liabilities Aggregate Nearly $1,000,000, With Only One-Third That Much Assets. JOLIET, III., Dec. 1.-The condition of the collapsed Stone City bank and the Enterprise company looks more serious today. Everything in sight has been attached. The transfer of the property of the Fishes subjects them to bitter reproach. All the transfers will be contested in the court. The fast horses and blooded stock of George Fish were attached last night. The assignee of the bank, James L. O'Donnell, is the attorney of the Fishes. The excitement today is more intense than yesterday. The many small depositors who responded to the advertisement of the band for long-time deposits on interest are breathing all sorts of threats. The bitter feeling grows with the idea that "Napoleon" methods have been resorted to by the principal owners of the embarrassed concerns. The creditors are beginning to believe that both the institutions are involved in hopeless ruin. The Illinois Steel company, it is said, will push its claim of $150,000. The claim will be set up, according to current report, that the Fishes were trying to defraud their creditors. The Fishes insist thet they paid out $50,000 during the run on the bank, but the depositors say that no such amount was paid out. Theodore Fish, father of the Fish Bros., is almost crazed with the crash. He placed every confidence in his son George as a financier. George's ambition was to own and operate the biggest wire plant in the world. He kept blooded horses and followed metropolitan fashions, always taking a colored footman along on the back of his turnout. Depositors are frantic over their loss, and it would surprise nobody if mob violence ensued. Additional claims were filed today, bringing the aggregate liabilities of both concerns to nearly $1,000,000, with-probably onethird of that amount in assets.

10. December 2, 1892 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, December 2, 1892

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THE JOLIET FAILURES. Liabilities of the Stone City Bank and Enterprise Company May Reach a Million. JOLIET, III., Dec. 1.-The condition of the collapsed Stone City Bank and the Enterprise Company looks more serious to-day. Everything in sight has been attached. The transfer of the property of the Fishes subjects them to bitter reproach. All the transfers will be contested in the courts. The fast horses and blooded stock of George Marsh were attached last night. The assignee of the bank, James L. D'Donnell, is the attorney of the Fishes. The excitement to-day A is more intense than yesterday. The many small depositors who responded to the advertisement of the bank for leng time deposits on interest are breathing all sorts of threats. The bitter feeling grows with the idea that "Napoleon" methods had been resorted to by the principal owners of the embarrassed concerns. The creditors are beginning to believe that both the institutions are involved in hopeless ruin. The Illinois Steel Company, it is said, will push its claims of $150,000. The claim will be set up, according to current report, that the Fishes were trying to defraud their ereditors. The Fishes insist that they paid out $50,000 during the run on the bank, but the depositors say that no such amount was paid. The senior Fish, father of the Fish brothers, is almost crazed with the crash. He placed every confidence in his son George as a financier. George's ambition was to own and operate the biggest wire plant in the world. He kept blooded horses and followed metropolitan fashions, always taking a colored footman along on the back offhis turnont. The many depositors are frantic over their loss. and it would surprise nobody if mob violence ensued. Additional claims were filed to day. bringing the aggregate liabilities of both concerns to nearly one million, with probably one-third of that amount in assets.

11. December 2, 1892 The Sun New York, NY
Article from The Sun, December 2, 1892

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A BAD BANK FAILURE. Startling Revelations About the Collapsed Stone City Bank. JOLIET. III., Dec. 1.-The condition of the collapsed Stone City Bank and the Enterprise Company looked more serious to-day. Everything in sight has been attached. The many small depositors who responded to the advertisement of the bank for long-time deposits on interest are breathing all sorts of threats. The father of the Fish brothers is almost crazed by the crash. He placed every confldence in his son George as a financier. George's ambition was to own and operate the biggest wire plant in the world. All the deposits of the bank wentto build and operate the big wire works. which cost $300,000. He advertised for deposits on long time. at first offering four per cent. and then six. and did 16 fine business. receiving long-time deposits. All the money went into the Enterprise works. George Fish,the cashier. kept blooded horses. and always had a colored footman on his turnout. It is intimated that he accepted deposits when he knew the bank was insolvent. The fact that the transfers of property occurred about the time that the run commenced is cited against him. To-day the elder Fish deeded all his Chicago property and his Van Buren street property in this city to Assignee O'Donnell for the benefit of the depositors. He assigned sufficient property to the First National Bank as trustee to secure their loan of $100,000. Additional claims were filed to-day. bringing the aggregate liabilities to nearly $1,000,000, with probably one-third of that amount in assets.

12. December 3, 1892 Baxter Springs News Baxter Springs, KS
Article from Baxter Springs News, December 3, 1892

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THE LATEST. TESTS made at Chicago show that lumpy jaw is not dangerously contagious and in mild cases is curable. TYPHOID fever in St. Louis. while not increasing in number of cases, is increasing in fatality. THE Mexican ministers have tendered their resignations. EVERYTHING is quiet in Samoa. LAST week's cholera record for the whole of Holland showed sixteen deaths. THE number of blacklisted men at Carnegie's Homestead mills is 1,200. SOLICITOR-GENERAL ALDRICH will resign his position to resume the practice of law in Chicago. SECRETARY NOBLE has approved the roll of the Cheyenne river and the Standing Rock bands Indians in the Dakotas, to whom the $200,000 appropriated by the act of January 19, 1891, is to be paid. OTTO GRAFF, a Swedish immigrant, died at Brookfield, Conn., of sheep rot, contracted in Scotland: OLIVER YANTIS, one of the Spearville bank robbers, was killed in Oklahoma while resisting arrest. THE great convention in the interests of the Nicaraguan canal began its session in New Orleans on the 30th. A LARGE slate-colored meteorite fell a mile northeast of Newcastle, Col., and was found buried in the ground. JAMES KNOTT, of Newcastic-on-Tyne, England, has determined to put on a regular line of steamships between Charleston, S. C., and Mediterranean ports. THE report of the commission appointed by the Ontario government to investigate the subject of dehorning cattle with a view to determining whether the practice is humane, recommends that the practice be permitted. THE reason given for the delay in the Lizzie Borden case is that the court believes her to be insane. IT is authoritatively stated that exSecretary of the Treasury Fairchild will again be tendered that portfolio. THE Stone City bank, of Joliet, Ill, a powerful private institution, suspended, causing much embarrassment to business firms. AN Erie express struck a wagon at a crossing at Elmira, N. Y. Two women and a man were killed and a woman fatally injured. A CABINET crisis is reported in Spain, caused by the resignation of the minister of the interior. A JAPANESE war vessel was sunk by collision with a British steamer. The crew of 275 men were drowned. The passengers of the British steamer were transferred to the Empress of India.

13. December 7, 1892 The True Northerner Paw Paw, MI
Article from The True Northerner, December 7, 1892

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JOLIET'S BAD FAILURE. Duped Depositors Talk of Criminal Prose outions. The condition of the collapsed bank and the Enterprise Company, at Joliet, Ill., looks more serious as the days go by. Everything in sight has been attached. The transfer of the property of the Fishes subjects them to bitter reproach. All the transfers will be contested in the courts. The trouble began by a run being ing made ou the Stone City Pank, a private institution operated by Henry Fish & Sons. Before the doors were opened a large crowd collected, and no soouer did the hour for opening arrive than a feverish crowd pushed to the teller's window and had their notes, checks, certificates and books turned into cash. The rush grew rather than diminished with the flight of time, and the fact that all comers got their money without a murmur did not deter the others in the crowd, who stood stolidly waiting their turn. By 9:30 a. m. $50,000 had been paid out. It was evident that the payment could not last much longer, so orders were issued to the teller to pay out no more money. The crowd was dismissed with the assurance that the bank would pay depositors every dollar and the doors were closed to the public, while the bankers, with their attorneys, got their heads together to see how affairs stood and what would be best to do under the circumstances. George M. Fish, Treasurer of the bank, said: "We owed depositors about $250,000. We paid out over $50,000, and now owe our depositors about $175,000, and have taken every possible measure to protect them. We have taken possession of the manufactured stock of the Joliet Enterprise Company, which is worth $250,000, and I am sure our assets are thus amply sufficient to pay all depositors. We have let go of the entire business by turning everything over to Chauncey J. Blair, of Chicago, as trustee, and thus the rights of all parties will be secured." The Joliet Enterprise Company is a total failure. The liabilities are over $500,000, while the assets are valued at about the same figures. The Cir. uit Court and Recorder's offices were busy all day with filing of papers and recording of deeds that pertainel to the trouble. The citizens are greatly excited. Never before was excitement known to be at such a high pitch. The business houses in all parts of the city did but little business, and men left their work in the mills, factories, farms, and stores to inquire about the deposits they had left at the Stone City Bank.

14. December 8, 1892 The Worthington Advance Worthington, MN
Article from The Worthington Advance, December 8, 1892

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potter, aged 30 years, died after hiccoughing continuously for seven days. ONLY brown paper was found in an express package supposed to contain $10,000 when delivered to the Island City savings bank at Galveston, Tex. THE death of Graham N. Fitch, United States senator from Indiana from 1856 to 1861, occurred at his home in Logansport, aged 83 years. CARL BURGHAM killed his wife near Enterprise, Ky.,, by cutting her throat with arazor, and then committedsuicide by shooting himself. THE execution of William Bell, a negro boy 15 years of age, took place at Macon. Ga., for the murder of a deputy sheriff who had him under arrest on a charge of larceny. AT Hiawatha, Kan., a mob lynched Commodore True (colored) for the murder of William Walthall. IN Ohio the official vote of the presidential candidates is as follows: Harrison, 405, Cleveland, 404,115; Bidwell, 26,012; Weaver, 14,852. Harrison's plurality, 1,072. IN Joliet, III., the Stone City bank and the Joliet Enterprise Company, exteusive manufacturers of barb wire, made assignments for the benefit of creditors, the liabilities of the two concerns being nearly $1,000,000. ON the Missouri Pacific road a train jumped the track and went down an embankment,near Arkansas City, Ark., and fifteen passengers were injured, two fatally. A MOB lynched Richard Magee and a man named Carmichael near Benton, La., for shooting Mrs. Ellie Lingle. A LABOR organization to be known as the United Railway-Men of America has been formed with headquarters in Chicago, and it will include members in the United States, Canada and Mexico. FLAMES swept away the business portion of Gowrie, la. A TEN ton stone fell from the sky, striking the earth a mile northeast of Newcastle, Col. It sunk deep into the earth and was in a heated condition when discovered. FIRE destroyed the electric light plant at Des Moines, la., valued at $100,000. IN the zine mining region at Webb City, Mo., a shaft was run into a bed of subterranean fire. NEAR West Berkeley, Cal., several boats were capsized and seven Italian fishermen were drowned. FLAMES in the door and sash factory of the Haynes-Lattmer Company at St. Louis caused a loss of $175,000. AT Wharton, Tex., Jack Fields was hanged for the murder of Henry Kearby and his wife. OFFICIAL returns show that at the late election in Minnesota Harrison received 122,736 votes; Cleveland, 100,579; Harrison's plurality, 22,157. IN Chattanooga. Tenn., anearthquake shock was felt extending to the summit of Missionary Ridge, an area of about 2½ miles square. Two ELDERLY sisters named McDonald were killed by a burglar near Sanford, N. C. IN Milwaukee three new banks with an aggregate capital of $1,400,000 opened their doors. IN Kansas the official canvass for members of the legislature gives the house to the republicans and the senate to the populists. On joint ballot the populists have a majority of one. IN Texas the official count of the presidential vote gives Cleveland 239,148; Harrison, 77,475; Weaver, 99,688; Bidwell, 2,165. TWELVE men perished at the hands of assassins in Chicago during the month of November. IN the Equitable building in Chicago seven safes were blown open by burglars in one night and about $1,500 in cash secured.

15. December 8, 1892 The Farmers' Union Memphis, MO
Article from The Farmers' Union, December 8, 1892

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JOLIET'S BAD FAILURE. Duped Depositors Talk of Criminal Prosecutions. The condition of the collapsed bank and the Enterprise Company. at Jeliet, III., looks more serious as the days go by. Everything in sight has been attached. The transfer of the pro erty of the Fishes subjects them to bitter reproach. All the transfers will be contested in the courts. The trouble began by a run being ing made ou the Stone City I ank, a private institution operated by Henry Fish & Sons. Before the doors were opened a large crowd collected, and no soouer did the hour for opening arrive than a feverish crowd pushed to the teller's window and had their no'es, checks, certificates and books turn d into cash. The rush grew rather than diminished with the flight of time, and the fact that all comers got their money without a murmur did not deter the others in the crowd, who stood stolidly waiting their turn. By 9:30 a. m. $50,000 had been paid out. It was evident that the payment could not last much longer, so orders were issued to the teller to pay out no more money. The crowd was dismissed with the assurance that the bank would pay depositors every dollar and the doors were closed to the public, while the bankers, with their attorneys, got their heads together to see how affairs stood and what would be best to do under the circumstances. George M. Fish, Treasurer of the bank, sail: "We owed depositors about $.50,000. We paid cut over $50,000, and now owe our deposit abou $175,000, and have taken every possible measure to protect them. We have taken possession of the manufactured stock of the Joliet Enterprise Company, which is worth $250,000, and am sure our assets are thus amply sufficient to pay all depositors. We have let go of the entre business by turning everything over to Chauncey J. Blair. of Chica 20, is trustee, and thus the rights of all parties will be secured." The Joliet Enterprise Company is a total failure. The liabilities are over $500,000. while the assets are valued at about the same figures. The Cir. uit Court and Recorder's offices were busy all day with filing of papers and recording of deeds that pertaine I to the trouble. The citizens are greatly excited. Never before was excitement known to be at such a high pitch. The business houses in all parts of the city did but little business, and men left their work in the mills. factories, farms, and stores to inquire about the deposits they had leit at the Stone City Bank.

16. December 8, 1892 Crawford Avalanche Grayling, MI
Article from Crawford Avalanche, December 8, 1892

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JOLIET'S BAD FAILURE. Duped Depositors Talk of Criminal Prose outions. The condition of the collapsed bank and the Enterprise Company, at Joliet, III., looks more serious as the days go by. Everything in sight has been attached. The transfer of the property of the Fishes subjects them to bitter re. proach. All the transfers will be contested in the courts. The trouble began by a run being ing made ou the Stone City Bank, a private institution operated by Henry Fish & Sons. Before the doors were opened a large crowd collected, and no soouer did the hour for opening arrive than a feverish crowd pushed to the teller's window and had their notes, checks, certificates and books turned into cash. The rush grew rather than diminished with the flight of time, and the fact that all comers got their money without a murmur did not deter the others in the crowd, who stood stolidly waiting their turn. 9:30 a. m. out. It was paypaid By evident $50,000 that had the been ment could not last much longer, so orders were issued to the teller to pay out no more money. The crowd was dismissed with the assurance that the bank would pay depositors every dollar and the doors were closed to the public, while the bankers, with their attorneys, got their heads together to see hov affairs stood and what would be best to do under the circumstances. George M. Fish, Treasurer of the bank, said: "We owed depositors about $250,000. We paid out over $50,000, and now owe our depositors about $175,000, and have taken every possible measure to protect them. We have taken possession of the manufactured stock of the Joliet Enterprise Company, which is worth $250,000, and I am sure our assets are thus amply sufficient to pay ali depositors. We have let go of the entire business by turning everything over to Chauncey J. Blair, of Chicago, as trustee, and thus the rights of all parties will be secured." The Joliet Enterprise Company is a total failure. The liabilities are over $500,000, while the assets are valued at about the same figures. The Circuit Court and Recorder's offices were busy all day with filing of papers and recording of deeds that pertained to the trouble. The citizens are greatly excited. Never before was excitement known to be at such a high pitch. The business houses in all parts of the city did but little business, and men left their work in the mills, factories, farms, and stores to inquire about the deposits they had left at the Stone City Bank.

17. January 6, 1893 People's Voice Wellington, KS
Article from People's Voice, January 6, 1893

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BUSINESS FAILURES. THE MORE DISASTROUS ONES NOTED-BANKS GENERALLY. Jan. 11-First national bank, of Muncie, Pa. Jan. 23-First national bank of Downs, Kan.; $100,000. Jan. 25-Bank of Jefferson at Shepherdstown, W. Va. Jan. 29-Fall River county bank at Oelricks, S. D.: $30,000 Butler county bank at Chicora, Pa.: $60,000. Feb. 2-Commercial loan and savings bank at Kearney, Neb.: $150,000. Feb. 3-National bank of Silver City, and Feb. 4-Marcy, Geer & McCann's back at Raton, N. .M.; $800,000 First national bank of Deming, N. M. Feb. 6-Western Farm Mortgage Company at Denver; $1,000,000. Feb. 8 - Merchants' bank of Moorehead, Minn.: $175,000. Feb. 26-Newmarket (N. H.) savings bank suspended; $191,000. Mar. 1-Lima (0.) national bank. Mar. 21-Painesville (O.) Savings and Loan Association bank. Mar. 24 -American national bank of Birmingham, Ala. Apr. 15-Interstate national bank of New York. Apr. 27-Commercial bank of St. Paul, Minn.: ; $1,000,000. May 25-People's bank of Sea Isle City, N. J. June 4-Platte Valley bank at Central City, Neb. June 25-First national bank at Erie, Kan, Nesha county; losses, $30,000. Sep. 2-Nebraska State bank. at Crete. Sep. 23-Richmond (Me.) savings bank. Sep. 24-People's bank at Hope, Ark Oct. 17-Two Nebraska state banks, one at Ainsworth, the other at Springview. Oct. 27-Hot Springs (Ark.) Valley bank (private); $80,000. Nov. 5-Continental bank at Kansas City, Mo. Nov. 30-Stone City bank, of Joliet, 111., and Joliet Enterprise Co. (barb wire manufacturers); $1,000,000. Dec. 6-Wholesale mercantile firm of Wilczinski & Nelson at Greenville, Miss.: $100,000. Dec. 13-Black Hilis national bank at Rapid City, S. D. Dec. 13-Lipman & Co., jute merchants at Dundee. Scotland, failed for $1,250,000. Dec. 15-National bank of Newton, Kan. Dec. 18-Wholesale grocery in Brooklyn, N. Y.; $400,000. Dec. 26-E.S.Corser Minneapolis, real eastate dealer: $1,000,000.

18. January 7, 1893 Baxter Springs News Baxter Springs, KS
Article from Baxter Springs News, January 7, 1893

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BUSINESS FAILURES. THE MORE DISASTROUS ONES NOTED-BANKS GENERALLY. Jan. 11-First national bank. of Muncie. Pa. Jan. 23-First national bank of Downs, Kan.: $100,000. Jan. 25-Bank of Jefferson at Shepherdstown, W. Va. Jan. 29-Fall River county bank at Oelricks, S. .D.: $30,000 Butler county bank at Chicora, Pa.: $69.000. Feb. 2-Commercial loan and savings bank at Kearney. Neb.: $150,000. Feb. 3-National bank of Silver City, and Feb. 4--Marcy. Geer & McCann's bank at Raton, N. M.: $800,000 First national bank of Deming. N. M. Feb. 6-Western Farm Mortgage Company at Denver: $1,000,000. Feb. 8 - Merchants' bank of Moorehead. Minn.: €175.000. Feb. 2--Newmarket (N. H.) savings bank suspended: $191,000. Mar. 1--Lima (0.) national bank. Mar. 21-Painesville (O.) Savings and Loan As: sociation bank. Mar. 24-American national bank of Birmingham. Ala. Apr. 15-Interstate national bank of New York. Apr. 27-Commercial bank of St. Paul, Minn.; $1,000,000. May 35-People's bank of Sea Isle City, N.J. June 4-Platte Valley bank at Central City, Neb. June 25-First national bank at Erie, Kan., Nesha county: losses, $30,000. Sep. 2-Nebraska State bank. at Crete. Sep. 23-Richmond (Me.) savings bank. Sep 24-People's bank at Hope, Ark. Oct. 17-Two Nebraska state banks, one at Ainsworth. the other at Springview. Oct. 27-Hot Springs (Ark.) Valley bank (private): 880,000. Nov. 5--Continental bank at Kansas City, Mo. Nov 30-Stone City bank. of Joliet, 111., and Joliet Enterprise Co. (barb wire manufacturers); $1,000,000. Dec. 6--Wholesale mercantile firm of Wilczinski & Nelson at Greenville, Miss.: $100,000. Dec. 13-Black Hills national bank at Rapid City, S. D. Dec. 15-National bank of Newton. Kan. Dec. 18-W holesale grocery in Brooklyn, N. Y.: $400,000. Dec. 26-E. S. Corser, Minneapolis, real estate dealer: $1,000,000.

19. January 7, 1893 The Irish Standard Minneapolis, Saint Paul, MN
Article from The Irish Standard, January 7, 1893

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GLANCE BACKWARD. Review of the Many Important Happenings of 1892. Heavy Business Failures, Startling Casualties and Horrible Crines-Industrial, Political and Sporting Events, Disastrous Fires of the Year, Etc. BUSINESS FAILURES. MORE DISASTROUS ONES NOTED-BANKS GENERALLY. Jan. 11-First national bank. of Muncie, Pa. Jan. 23-First national bank of Downs, Kan; $100,000. Jan 85-Bank of Jefferson at Shepherdstown, W. Va Jan. 29-Fall River county bank at Oelricks, S. D.; $30,000 Butler county bank at Chicora, Pa.; $60,000. Feb. 2-Commercial loan and savings bank at Kearney, Neb.: $150,000. Feb. 3-National bank of Silver City, and Feb. 4-Marcy, Geer & McCann's bank at Raton, N. M.; $800,000 First national bank of Deming, N. M. Feb. 6-Western Farm Mortgage Company at Denver; $1,000,000. Feb. 8 - Merchants' bank of Moorehead, Minn.: $175,000. Feb. 26-Newmarket (N. H.) savings bank suspended; $191.000. Mar 1-Lima (O.) national bank. Mar. 21-Painesville (O.) Savings and Loan Association bank. Mar. 24-American national bank of Birmingham, Ala. Apr. 15--Interstate national bank of New York. Apr. 27-Commercial bank of St. Paul, Minn.; $1,000,000. May 25-People's bank of Sea Isle City, N. J. June 4-Platte Valley bank at Central City, Neb. June 25-First national bank at Erie, Kan, Nesha county: losses, $30,000. Sep. 2--Nebraska State bank. at Crete. Sep. 23-Richmond (Me.) savings bank. Seu 21-People's bank at Hope, Ark Oct. 17-Two Nebraska state banks, one at Ainsworth, the other at Springview. Oct. 27-Hot Springs (Ark.) Valley bank (pri-, vate); $80,000. Nov. 5-Continental bankat Kansas City, Mo. Nov 30-Stone City bank, of Joliet, 111., and Jollet Enterprise Co. (barb wire manufacturers); $1,000,000. Dec. 6-Wholesale mercantile firm of Wilozinski & Nelson at Greenville, Miss.; $400,000. Dec. .11-Black Hills national bank at Rapid City, S. D. Dec. 13-Lipman & Co., jute merchants at Dundee, Scotland, failed for $1,250,000. Dec. 15-National bank of Newton, Kan. Dec. 18-Wholesale grocery in Brooklyn, N. Y.; $400,000.

20. November 13, 1894 San Antonio Daily Light San Antonio, TX
Article from San Antonio Daily Light, November 13, 1894

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Depositors Get Justice. JOLIET, III., Nov. 13.-Judge Lynn, of the circuit court, has rendered decisions favorable to depositors in the Stone City bank case, which involve several hundred thousand dollars. Two years ago the Joliet Enterprise wire company failed and pulled the Stone City bank down with it. Both of these firms were run by Henry Fish & Sons, and the failure was $500,000. The case was carried into the courts, but every decision was against the depositors of the Stone City bank and they never received a cent. The Joliet Enterprise wire company gave notes for $196,000 to purchase wire. These notes were indorsed by Henry Fish & Sons as the Stone City bank and as It was decided that the Stone City bank was a saving institution depositors pushed their case to have the Joliet Enterprise notes set aside but Judge Lynn's decision allowed the endorsement to stand and the Joliet Enterprise Company creditors and depositors of the Stone City bank will come out on an even basis.

21. November 14, 1894 Pine Bluff Daily Graphic Pine Bluff, AR
Article from Pine Bluff Daily Graphic, November 14, 1894

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ON AN EVEN BASIS. Joliet Enterprise Company Forced to Divide With Bank Depositors. JOLIET, Ills., Nov. 14. -Judge Lynn of the circuit court has rendered a decision favorable to the depositors in the Stone City bank case which involves several hundred thousand dollars. Two years ago the Joliet Enterprise Wire company failed and pulled th Stone City bank down with it. Both of these firms were run by Henry Fish & Sons, and the failure was for $500,000. The case was carried into the courts, but every decision was against the depositors of the Stone City bank and they have never received a cent. The Joliet Enterprise Wire company gave notes for $196,000 to purchase wire. These notes were in lorsed by Henry Fish & Sons as the Stone City bank and when it was decided that the Stone City bank was a savings institution the depositors pushed their case to have the Juliet Enterprise notes set aside, but Judge Lynn's decision allowed the endorsem nt to stand and the Joliet Enterprise company creditors and depositors of the Stone City bank will come in on an even basis.