Lazarus Silverman (Chicago, IL)

Episode Information

Episode UID
2636359791122
Episode Type
Run β†’ Suspension β†’ Reopening
Bank Type
private
Bank ID
263635979 hash
Start Date
June 15, 1893
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ecab5c1618067d51

Response Measures

None

Description

Suspension followed heavy withdrawals and inability to convert collateral; later assignment and full resumption after paying creditors.

Events (4)

1. June 15, 1893 Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals beginning mid-June as cash reserve dwindled and collateral could not be converted to ready money.
Newspaper Excerpt
Since June 15 the bank has been drawn upon heavily by depositors.
Source
newspapers
2. August 3, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Unable to turn collaterals into cash to meet demands; cash on hand reported low ($6,000); suspension posted and bank did not open Aug. 3–4, 1893.
Newspaper Excerpt
Payment suspended for to-day on account of the stringency in the money market.
Source
newspapers
3. August 4, 1893 Other
Newspaper Excerpt
made an assignment in the County Court this afternoon to the Title Guarantee and Trust Company.
Source
newspapers
4. March 26, 1894 Reopening
Newspaper Excerpt
Lazarus Silverman ... resumed business to-day, all of his assets being taken by him out of the hands of the assignee in open court. Mr. Silverman has liquidated his entire indebtedness by paying in full, with interest, to everybody.
Source
newspapers

Newspaper Articles (23)

Article from The Indianapolis Journal, August 4, 1893

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AN OLD BANKER FAILS. Lazarus Silverman, of Chicago, with Liabilities of $1,000,000, Forced to Suspend. CHICAGO, Aug. 8.-Lazarus Silverman, a well-known private banker. suspended today. His liabilities are $500,000, with assets in excess of that amount, and $6,000 cash on hand. Silverman, besides being a banker, was one of the largest operators in Northwestern iron properties in Chicago. He ras interested to a considerable extent in the Schlessinger iron mine system. the recent embarrassment of which, it was reported to-day. contributed to his suspension. Bliverman has popularly ranked as a millionaire. The deposits in the bank are estimated at $600,000, placed there mostly by Jewish dealers engaged in small business ventures. So far as is known no large concerns are involved. Beside the deposit account the liabilities will not exceed $100,000 or $200,000, and few estimates place the debts a bove $1,000,000. They will probably fall below that figure. Against


Article from The Roanoke Times, August 4, 1893

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BUSINESS TROUBLES. More Banks and Business Houses Forced to the Wall. STEVENS' POINT, Wis., Aug. 3.-The Commercial Bank failed to open its doors to-day. Its assets are $200,000 and liabilities $100,000. CHICAGO, Aug. 3.-Lazarus Silverman, a well known private banker. suspended to-day. His liabilities are $500,000, with assets in excess of that amount, and $6,000 cash on hand. MILWAUKEE, Wis., Aug. 3.-The grand jury was called on to-day to investigate the South Side Savings Bank failure. The president, G. C. Trump, and Cashier J. B. Jettling are missing. The affairs of the bank are in a bad shape and depositors will probably lose every. thing. CHICAGO, Aug. 3.-John W. Aver, dealer in mantles, made an assignment. Liabilities, $25,000; assets, $40,000. ST. LOUIS, Aug. 3.-The National Iron Cornice Company made an assignment. The assets and liabilities are estimated at about $20,000. Elyria, Ohio, Aug. 3.-The Lorain Manufacturing Company has assigned to A. St. J. Newberry, of Cleveland. Liabilities, $105,000; assets, $192,500. This company had the largest brass works in the country and employed about 600 men.


Article from The Daily Morning Astorian, August 4, 1893

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BIG LIABILITIES, LITTLE CASH. Chicago, August 3.-Lazarus Silverman, a well-known private banker has suspended. Liabilities half a million; assets said to be greater. Cash on hand $6,000.


Article from New-York Tribune, August 4, 1893

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A CHICAGO BANKER SUSPENDS. UNABLE TO TURN COLLATERALS INTO CASH WITH WHICH TO MEET THE DEMANDS OF DEPOSITORS. Chicago, Aug. 3.-Lazarus Silverman, a well-known private banker, suspended to-day. His liabilities are $500,000, with assets in excess of that amount, and $6,000 cash on hand. Silverman, besides being a private banker, was one of the largest operators in Northwestern iron property in Chicago. He was interested to a considerable extent in the Schlesinger Iron Mine system, the recent embarrassment of which, It was reported to-day, contributed to his suspension. Silverman has popularly ranked as a millionaire. His failure, although an important one, was not a complete surprise. It has been understood that he was hard up for ready money and he was quite generally. supposed to have ample assets, but of the slow sort. The bank did not ΠΎΡ€Π΅ΠΉ at all to-day, and the followIng notice was posted on the door : "Payment suspended for to-day on account of the stringency in the money market." No assignment was made and a representative of the house claimed that the embarrassment was only temporary. Other bankers estimate Silverman's deposit account at $600,000. It is of a commercial nature, and the depositors are for the most part Jewish dealers engaged in small business ventures. So far as is known no large concerns are involved. Besides the deposit account the liabilities will not exceed $100,000 or $200,000, and few estimates place the debts above $1,000,000. They will probably fall below that figure. Against this liability account Silverman has assets bearing a face value of nearly $2,000,000. It is estimated that the banker's real estate is worth $700,000, and that it is in shape to be available for realization. Since June 15 the bank has been drawn upon heavily by depositors. A few days ago the situation grew critical. The cash reserve had practically disappeared and collateral could not be turned into cash. Mr. suverman made a trip to New-York and other Eastern cities to secure aid. Last night word was received from the Commercial National Bank, through which Silverman cleared, that to-day. checks would encounter armedity. A conference between Silverman's manager and his attorneys was arranged and it was decided 10 suspend. No legal action was taken and the Institution. pending Silverman's return. stood to-day at the mercy of creditors, unpretected by assignee or receiver.


Article from The Times, August 4, 1893

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CHICAGO AGAIN QUIET. CONCERTED ACTION BY THE BANKS GREATLY HELPS THE MARKET. Confidence is Gradually Restored by the Expected Imports of Gold, Good Exports and Large Sales in Provisions. CHICAGO, August 3.-Talk of concerted action by the tanks to get out the wheat from here tended to help the market. The expected arrival of six million dollars In gold at New York this week was another strengthening factor. Good exports again to-day was another. Armour, Poole, Linn, Orr, Severne, all big men, were buyers. The small crowd got short on the Silverman failure, but were quickly scared out by the heavyweights. A disagreeable setback was given the market by the suspension of Lazarus Silverman, a leading private banker. The effects of this blow were more than overcome, but in the last hour the market slumped again on ugly rumors about mercantile concerns, the failure to work round lots of cash wheat for shipment and the light export business reported from the seaboard. Corn was strengthened by discouraging crop news and provisions on good support. To-night compared with last night, September wheat is off 1c., corn is 1-4 to 5-8c. higher, oats are unchanged, lard is 5c. higher and ribs 65c. higher. Wheat started weak and lower, and during the first half hour sold off 11-2c. from last night's close. Besides the Silverman failure the decline was due to lower stocks in Wall street and to some disappointment in the cables, which did not advance as much as many expected they would, in view of the sharp rally here yesterday. After the decline the market dragged along for a time, gradually recovering its tone, but marked no material advance. Toward noon Logan, Schwarts, Dupee and some other leading houses got a good string of buying orders, and, as there was little wheat for sale, the effort to fill them resulted in sharp competition, September selling up 1 3-4c. from the early decline. The crowd became nervously bullish, and when the leaders were observed to be buying vigorously everybody seemed to be seized with the desire to follow suit. It was prominent gossip that Schwarts' and Dupee's buying orders were largely from L. E. Ream. At this point unfavorable rumors commenced circulating and a fresh decline began. The market closed easy at about 1-2c. from the bottom figures of the day. Corn opened 1-4c. advance, and, after selling up 1-4c. more, reacted 5-8c. on the Silverman failure. The depression was of short duration, as the demand soon improved on increased buying orders coming in, and the price reacted 3-4@7-8c., declined 5-8c., ruled steady, and the closing was 11-4@1 1-2c. from the top. The weather conditions caused alarm among shorts, and a good many came in on to-day's upturn. The situation in the interior is said to be really serious, reports being that the crop has been permanently injured by the severe drought. Oats were a little higher early, but eased off. Business was most in September. The provision market was very quiet, compared with its condition for three weeks past. Lard was taken to the extent of 4,000 tierces for shipment abroad. Norton and Worthington were active buyers to-day, as they were yesterday also, presumably covering short sales for customers. Lard was the most actively traded in of the specialties. Cash Quotations-Flour dull and feeling in buyers' favor; No. 2 spring wheat, 59c.; No. 3 spring wheat, t3@54c.; No. 2 red, 59c.: No. 2 corn, 381/4c.; No. 2 oats, 23%c.; No. 2 white, f. 0, b., 26@27c.: No. 2 rye, 431/2c.; No. 1 flaxseed, 95c.; mess pork, $12.55@12.60; lard, $7.45@7.50; short rib sides, $7.15@7.35; dry salted shoulders, $7,00@7.25; short clear sides (boxed), $6.72%@6,87%; whisky, $1.12.


Article from The Salt Lake Herald, August 4, 1893

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PRIVATE BANK SUSPENDS. Lazarus Silverman, a Well Known Chicago Man Closed. CHICAGO, August 3.-Lazarus Silverman, a well known private banker, has suspended. His liabilities are half a million. The assets are said to be greater. Cash on hand, $6,000. Silverman was one of the largest operators in northwestern iron properties and interested to a considerable extent with the Schlessinger syndicate. In the absence of Silverman, a representative of the house claimed that the embarrassment was only temporary. The deposits are estimated at $50,000, mostly by Hebrews engaged in small business. The other liabilities are estimated at from $100,000 to $200,000. The assets, however, have a nominal value of $2,000,000, of which $70,000 is in real estate.


Article from The Record-Union, August 4, 1893

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e believe that when the commercial world understands that the United to bull the of silgoing arbitrarily States price is not ver they will very soon call a halt and ask what legislation can be brought about to use silver in a way to be of the greatest benefit to the the whose people throughout world, great mass cur- of rency, as I have said, it always has and always will be." BALFOUR FOR DOUBLE STANDARD. LONDON, Aug. 3.-A meeting was at official residence of to-day the the Lord held Mayor to consider the financial and busiIt was Mayor. The was the less situation. Lord gathering presided over very by largely attended. Among those were Hon. A. J. Hon. the Right Balfour, present Right Henry Chaplain, formerly PresiBoard of John Lubbock, of the dent Hon. of Sir the Agriculture; firm Right of & Co., bankers; Hon. American Lubbock F. Bayard, Embassador Thomas to Great Brilain; Dana Hurton, and most of the bankers of made an address. disBalfour leading London. He claimed political motives and felt throughout the the world anxiety connected alluded business to with the currency India and the action changes might in that be taken by the United States Government. The gold standard, never satisfy the clared, cial would Balfourde- commerwants, while the double standard alone would prevent dangerous oscillations in trade. He condemned isolated action on the part of individual an international and recommended States, agreement. fixing the ratio of the value tween and silver. In the of Balfour denied that the his address gold course advo- becates of bimetallism aimed at This be he the currency. of might inflation true, of said, some bimetalists connected with the Western States of America, but it did not apply to bimetallists of Europe, who believe theadoption of bimetallism would prove the safest commercial policy. In event of a European war the double standard would, according to Balfour, be found very advantageous. The meeting adopted a vote of thanks to Balfour for the address. GOLD COMING BACK SOUTHAMPTON, Aug. 3.-The steamer sails hence Normannia New to-morrow for York, with $4,500,000 gold for American houses. LONDON, Aug. 3.- Two and a half gold were taken England for the United millions Bank of of from States the to-day. A PRIVATE BANKER FAILS. Aug. 3.-Lazarus CHICAGO, Silverman, a well-known private banker, has $500,000. The pended; said liabilities, assets susare to be greater. Cash on hand, $6,000. Silverman was one of the largest operators in northwestern iron properties. He was interested to a considerable tent with the Schlesinger syndicate. In the absence of Silverman, a representaof the house claimed the f was temporary. The are at $800,000 and were estimated deposits mostly by Hebrews engaged in small busimade tive ment Other only embarrassnesses. liabilities are estimated from $100,000 to $200,000. The assets : of the nominal value of $2,000,000, of which $700,000 is real estate. A SENSATION YORK. NEW YORK, Aug. 3.-Woerishoffer & Co., bankers and brokers, Exchange Place, furnished a sensation to-day street busy members of the firm kept When Wall the gossiping reached day. that the office this morning found the big and the clerks for safe locked they waiting 1 some one to open it. Only two combination and both sent an knew of missing, his the and neither explanation employes were absence. Finally the bankers sent for an expert, who succeeded in opening I the safe. The occurrence was soon noised t about the street and all sorts of rumors were rife. el e It was said that experts were to on the An was f at office. As soon as given work the books. explanation the put Clearopened the firm sent a delayed making a and ing-house would be settlement, word 1 pledging the firm's honor that everything was all right. THINKS NO CRISIS WILL OCCUR. LONDON, Aug. 3.-In the Commons day Sir Ellis Ashmead Bartlett (Conservative) asked the Government whether stoppage of free of there had silver since the in India been, minting as stated, a depreciation in the value of f to the amount of held in England securities Β£130,f 000,000; whether the supply of gold was to the of trade, and what quirements the not insufficient monetary measures reGovernment proposed to take to avert a financial crisis, Prime Minister Gladstone replied that e t he did not know how to ascertain the truth of the assertion of a decline to the amount referred to take place in the value of securities held in England. He did d t not believe the supply of gold insufficient for trade requirements, and could n not announce measures to avert crisis that he did not believe would occur.


Article from New-York Tribune, August 5, 1893

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TROUBLES OF BUSINESS MEN. Boston, Aug. 4.-C. A. E. Ewing and Hugh U. Ewing, of Boston, doing business under the firm name of Ewing Bros. & Co., at Holliston under the firm name of C. A. E. Ewing & Co., and at Byfield under the firm name of Hugh U. Ewing & Co., assigned yesterday. The assignment is to Henry A. Cowing, of Weston, for the benefit of the creditors. Chicago, Aug. 4.-Lazarus Silverman, the private banker, who suspended yesterday, made an assignment in the County Court this afternoon to the Title Guarantee and Trust Company. No schedule of assets and liabilities has been filed. The Chicago Title and Trust Company has been appointed receiver for the Nacirema Hotel, a World's Fair enterprise at Grand Crossing. The company was organized with $20,000 capital, but has not enjoyed a lucrative patronage, and has no funds now with which to pay its debts. The court is asked to dissolve the company and wind up the business. Nelson, Morris & Co., sued out an attachment in the Superior Court yesterday against the North Amerlean Provision Company for $17,400. The same firm also entered suit in Cincinnati yesterday for a garnishee on the Cincinnati Abattoir Company for $20,472. Cudahy is mentioned as being largely interested in the abattoir, and that company is accordingly made a party to the suit. Emporia, Kan., Aug. 4.-The Emporia National Bank yesterday took possession of the entire stock and fixtures of the Emporia Hardware Company, one of the largest and oldest business firms of Lyon County. A chattel mortgage for $15,000 was overdue, and other creditors were on the ground looking after their interests, and the bank foreclosed. Ligonier, Ind., Aug. 4.-This morning the announcement was made that Yaeger Bros., of Cromwell, had failed. They controlled large sawmills at Wolcottville and Cromwell, and were interested in several stores. They claim that the assignee will be able to pay dollar for dollar. Most of the money Is Hed up in lumber and timber.


Article from The Sun, August 5, 1893

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Banker Silverman Makes an Assignment. CHICAGO. Aug. 4.-Lazarus Silverman. the private banker who suspended business yesterday. made an assignment in the County Court this afternoon to the Title Guarantee and Trust Company. No schedule of assets and liabilities has been filed.


Article from The Progressive Farmer, August 8, 1893

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SENSATIONAL DISCLOSURES. Some Damaging Charges Against ExSecretary Foster His Acconnt Largely Overdrawn In His Own Bank and in all Other Concerns With Which He Was Connected. CINCINNATI, Aug. 3.-A great sensation was created here last night by some publications made in an extra issued by the Times-Star, the leading afternoon paper. The article is based upon special telegrams from Fostoria, the home of ex-Secretary Charles Foster. In a statement it shows that Foster was overdrawn in his own bank, without any security whatever, $136,321; that his partners and clerks were also overdrawn, that the accounts of all concerns in which he was interested were overdrawn; that a mysterious woman, known only as Mrs. M. Carter of New York City, is overdrawn $9.361 97; and the article estimates that she will appear in a sensational light soon. The total overdrafts of the bank are $230,325.79, to say nothing of its other liabilities, while its total assets are only $24,491.62. The Times Star declares that Mif Mr. Foster were amenable to the laws that he, as Secretary of the Treasury, was called upon to enforce he would go to the penitentiary," and makes other grave and sensational charges. An examination of Mr. Fos. ter's affairs is in progress, and it is said that even more disreputable dealings will be disclosed. CHICAGO, Aug. 3.-Lazarus Silverman, a private banker, has assigned. Liabilities half a million. Also the Express National Bank, with a branch at Juarez, Mexico, has closed. The as. sets are double the liabilities. MILWAUKEE, Wis., Aug. 3.-The grand jury has been called to investigate the Southside Savings bank. The President, G. C. Trumoff, and Cashier J. B. Jetting are missing. The affairs of the bank are in bad shape and the depositors will probably lose everything.


Article from Courier Democrat, August 10, 1893

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SILVERMAN ASSIGNS. Chicago, Aug. 5.-Lazarus Silverman, the private banker who suspended basiness yesterday, made an assignment in the county court to-day to the Title Guarantee and Trust company. No schedule of assets and liabilities has been filed.


Article from Shenandoah Herald, August 11, 1893

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South and West. A HEAVY rain and lightning storm visited Denver. Col., and vicinity, doing vast damage. Near Cotipaxi it washed out a part of the Denver and Rio Grande track and 00casioned the wrecking of the eastbound California express. The engineer, "Tom" Andrews, was killed. ON "Engineers' Day" at the World's Fair several thousand mechanical engineers took part in the celebration. They went out in a body on the whaleback steamer Christopher Columbus, and under an escort of Exposition officials were shown the wonders in the way of engineering skill in the White City. THE World's Fair is now half over, and the total paid attendance for the first three months numbers 7,000,000 persons. WILL THOMPSON, Tom Preston and Handy Keigler, all colored, have been lynched in Lexington County, South Carolina, for assaulting Mrs. Siglilter, the wife of a farmer. NEAR Montgomery, Texas, three colored men attacked the house of M. Marsh, killed him, assaulted his wife, murdered his infant and cut out the tongue of his seven-year-old child. One colored man was caught and lynched. THE Chicago provision deal collapsed John Cudahy and several commission houses failed there was wild excitement on the Board of Trade: Charles Wright and N. K. Fairbank lost heavily. IT was practically settled that the gates of the World's Fair would be opened on Sunday during the rest of the Exposition. LAZARUS SILVERMAN, a well-known Chicago banker, suspended. Liabilities, $1,000,000. THE people from the frozen land of the Czar of all the Russias celebrated at the World's Fair their special day. A reception was held throughout the day in the Russian pavilion in Manufactures Hall. A concert of Russian music was given in Festival Hall. FELIX POOLE,8 notorious character of Ohio County, Kentucky, was lynched there for assaulting a young woman.


Article from Custer Weekly Chronicle, August 12, 1893

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Silverman Makes an Assignment. CHICAGO, Aug. 5.-Lazarus Silverman, the private banker who suspended business Thursday, made an assignment through the court this morning to the Title Guarantee and Trust comprny. No shΓͺdule of assets and liabilities has been filed.


Article from The Indianapolis Journal, March 27, 1894

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RESUMED BUSINESS. Banker Lazarus Silverman's Creditors Given No Reason to Complain. CHICAGO, March 26.-Lazarus Silverman, the well-known banker of this city, who suspended payments last August, with liabilities of $1,500,000, resumed business to-day, all of his assets being taken by him out of the hands of the assignee to-day in open court. Mr. Silverman has liquidated his entire indebtedness by paying in full, with interest, to everybody. The suspension was made while Mr. Silverman was on the train on his way from New York to Chicago, and was not due to lack of assets, but to lack of ready money, he having at the time of the failure, according to the report of the assignee, $1,400,000 surplus over and above all liabilities. The suspension caused a sensation at the time, which to-day's resumption will, in a measure, parallel. It appears that none of the property was sacrificed, and that resumption was accomplished chiefly by reliance upon collections, with assistance from the First National Bank of Chicago.


Article from Waterbury Evening Democrat, March 27, 1894

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Banker Silverman Resumes. CHICAGO, March 27.-Lazarus Silverman, the well known banker of this Qty who suspended payments last August, with liabilities of $1,500,000, has resumed business. He has liquidated his entire indebtedness by paying everybody in full, with interest.


Article from The Morning News, March 27, 1894

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SILVERMAN RESUMES. Chicago's Embarrassed Private Banker Pays All He Owes. Chicago, III., March 26.-Lazarus Silverman, the well-known banker of this city, who suspended payment last August with liabilities of $1,500,000, resumed business to-day, all of his assets being taken by him out of the hands of the assignee to-day in open court. He has liquidated his entire indebtedness by paying in full, with interest to everybody. The suspension was made while Mr. Silverman was on the train on his way from New York to Chicago and was due, not to lack of assets, but to lack of ready money. The suspension caused a world wide sensation at the time, which to-day's resumption will, in a measure, parallel. It appears that none of the property was sacrificed and that the resumption was accomplished chiefly by reliance upon collecting, with assistance from the First National Bank of Chicago.


Article from Asheville Daily Citizen, March 28, 1894

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RESUMED Paid all His Debis to Full and Starts Again. CHICAGO, March 26.-Lazarus Silverman, the well known banker of this city, who suspended business last August with liabilities of $1,500,000, resumed business today. He has liquidated his entire indebtedness by paying in full, with interest to everybody. The suspension was made while Mr. Silverm in was on the train on his way from New York to Chicago, and was due not to lack of assets, but to lack of ready money. The suspension caused a world-wide sensation at the time, which today's resumption will, in a measure, parallel.


Article from Rock Island Argus, March 28, 1894

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Resumption of a Chicago Banker. CHICAGO, March 28.-Lazarus Silverman, the well-known banker of this city who suspended payment last August with lia bilities of $1,500,000, has resumed business. Silverman liquidated his entire indebted ness by paying in full with interest.


Article from The Weekly Register, March 28, 1894

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Paid Everybody in Full. CHICAGO, March 27.-Lazarus Silverman, the well known banker of this city, who suspended payment last August with liabilities of $1,500,000, resumed business Monday, all of his assets being taken by him out of the hands of the assignee in opon court. Mr. Silverman has liquidated his entire indebtedness by paying in full, with interest, to everybody.


Article from The Comet, March 29, 1894

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In Full, With Interest. CHICAGO March 26.-Lazarus Silverman, the well known banker of this city, who suspended payments last August with liabilities of $1,500,000, re. sumed business today. All of his assets were taken by him out of the hands of the assignee today in open court He has liquidated his entire indebtedness by paying in full, with interest, to everybody. The suspension was made while Mr Silverman was on the train on his way from New York to Chicago and was due not to a lack of assets, but to ready money. The suspension cau-ed H world wide sensation at the time which today's resumption will in a measure parallel. It appears that none of the property was sacrificed and that the resumption WRS accomplished chiefly by reliance upon collecting with assist. ance from the First National bank of Chicago,


Article from The Irish Standard, March 31, 1894

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THE IRISH STANDARD: SATURDAY, MARCH 31 SENATOR COLQUITT DEAD. MINOR NEWS ITEMS. The Georgia Statesman Passes Away in For the Week Ending March 28. Washington of Paralysis. the The republicans of the Fourth disWASHINGTON, March 27.-Senator trict of Kansas nominated Charles CurAlfred H. Colquitt, of Macon, Ga, who SEM tis for congress. was stricken with paralysis for the secViolent earthquakes occurred in variAre ond time about a week ago, died at his ous parts of Greece and the loss of life residence here at 7:10 a. m. yesterday. was considerable. [Mr. Colquitt was born in Walton county, Ga, April 20, 1842 He graduated from PrinceBaltimore celebrated the two hunton college in the class of 1844 and was admitdred and sixtieth anniversary of the ted to the bar in 1845. During the Mexican war lauding of Leonard Calvert. he served as a staff officer with the I rank of major. He was a member of St. Louis clergymen are organizing the secession convention of the state of to fight the social evil, violation of the Georgia and later entered the confederate servSunday law and the saloons. ice. He was elected governor of Georgia in Milwaukee ministers have begun a 1876, served four years and was reelected under ENSEN the new constitution for two years. At the ex. crusade against the so-called indecent piration of his term as governor he was elected pictures pasted on billboards. the to the United States senate for the term comEd Cory and John Bailey were arOn vill mencing March 4, 1883, and was reelected in 1888. His term of service would have expired rested for prize-fighting at Logansport, No March 8, 1895. He leaves a wife, one son and Ind., and rescued by their friends. four daughters.] the It was said theseveral foreign powers MAY ESCAPE THE ROPE. ine had been communicating with a view to united efforts against anarchists. Prendergast to Have the Advantage of The above P Mrs. Calvin Brady, wife of a young Forty acres each. Another Stay. acre cash and $1.0 farmer at Ringoes. N. J., deserted her CHICAGO, March 28.-Patrick Eugene After March husband and baby to elope with a negro. and $2 per acre pe Prendergast will not be hanged on Parties purc Henry S. Louchheim & Co., bankers April 6, the date to which Judge Chetof land in our Ser ast and brokers in Philadelphia. assigned The location lain postponed the execution. That and fronting on the P with liabilities amounting to $300,000. was definitely settled during the Saints Bay), rend Lillian Willis, aged 15, of Homer, The following proceedings, although the judge fornia, and at pre Ga., who killed her father to save her refused to grant a further stay be of interest to of execution at this time. The mother's life, has been acquitted by the "The Bay of reDiego, on the hig jury. sanity hearing was continued until Francisco pass by Prince Besolow, a student at Wil April 5 at 2 p. m., at which time Judge Todos Santo liams college, has been recalled to his ter of a large area Chetlain says he will take such action Los Palmas, San home in Africa to become king of his as may be necessary. As it will be San Rafael and tl people. lands all the trop manifestly impossible to complete the wine and olive oil Dick O'Brien defeated Billy Hennessy trial by the time set for the execuSan Rafael, and at Boston in the eleventh round, theretion, both sides agree that a furyears when they the valley land in by becoming champion middle-weight ther stay will then be granted, and it about 9,000 in the fighter. is understood that this will not be opthe 160,000 acres of Canada's minister of finance says the ravines and by ar posed by the state's attorney. property with tha government will stand by the national best land lying id WILL INCREASE PENSION ROLLS policy of protection and suggests tariff and support of a 1 As corrobor charges. Important Decision Regarding Helpless quoted from the Children of Deceased Soldiers. Treasury expenditures have again fornia. He says: The questio WASHINGTON, March 28.-The pension run up to $29,449,000 and receipts reach are Is it adapted to tl rolls will be greatly enlarged by a deonly $22,328,284, a deficit of more than The soil of the va as any one can as cision of Assistant Secretary of the In$7,100,000. of apples, or into th terior Reynolds just announced. It is Lazarus Silverman, the Chicago He will have as la "As to water one of the most important made banker who failed for $1,780,000, is agement there wi by the present administration and again in charge of his estate. He will ots seemed a hopeless will admit to the rolls the names land selling at$1, pay in full. this magnificent 1 of a large number of insane, President Peixoto has not revived was originally we idiotic and permanently helpless Copy of Cha the imperial decree as reported, but minor children of deceased solwill try Brazilian rebels according to diers, where the pensions ceased by martial law. reason of the children attaining to Two infant children of John W. HorLands al the age of 16 years prior to the act of all ton, of Montgomery, Ala., accidentally June 27, 1890, the decision holding that gon, Californ set fire to hay in a stable and were the act of 1890 has the effect of restors burned to death. gns ing these dependent persons to the For any furt ven In a street fight at Fleming, W. Va., rolls during life or a continuance of the Hoke Napier, a lumberman, and Henry disability. Collins, a former employe, shot and killed each other. NEW COUNTERFEITS. The Chicago, St. Louis & Cairo railSpurious Issues of a Silver Certificate and road, with $9,000,000 capital, has been Treasury Note. organized to build an air line from WASHINGTON, March 26.-The secret Chicago to St. Louis. service of the treasury department has The Missouri populists in state condiscovered that there are two new counpovention at Kansas City nominated O. terfeit government bills in circulation. to D. Jones, of Knox county, for justice One is of the two-dollar treasury note of the supreme court. and the other is of the one-dollar silver Or JOH certificate. This is the first counterfeit Discovery of their liaison made W. beH. Harbison, of Clayton, 112, a fugiever found of the two-dollar treasury tive and Mrs. J. Anderson homeless. note. It is of the series 1891, check Both are grandparents. letter "C," W. S. Rosecrans, register, E. H. Nebeker, treasurer, portrait of James C. Campbell, convicted of killMcPherson. The one-dollar silver cering his wife and awaiting life sentence be tificate counterfeit is series 1891, check in the penitentiary, committed suicide letter "A." in jail at Youngstown, O. Money for Veterans. All except two of the forty men carary W. ried out to sea on the ice in the harbor WASHINGTON, March 28.-The secreof of St. Johns, N. F., were rescued. The tary of the interior has issued a requitwo were fozen to death. sition on the secretary of the treasury for $10,221,000 to be used in the quarNew Verney Lovett Cameron, the distinguished African traveler, was thrown terly payment of pensions April 2. The to from his horse and killed while hunting amount will be distributed among near Bedfordshire, England. agencies as follows: Chicago, $2,650,000; Des Moines, Ia., $1,900,000; MilThe American ships Lewellyn J. We a e waukee, $1,700,000; Buffalo, $1,500,000; of Morse, the Edward Brien and the J. lounges, a good e B. Walker started on a race to the Pittsburgh, $1,450,000; Concord, N. H., a Carpets at great $600,000; Boston, $225,000; and Detroit, Golden Gate from three Atlantic ports powith everything $200,000. Farmers and ranchmen living in the astonished when Died of a Broken Heart. western part of Arapahoe county, Col., -: have applied to the county commissionSAN FRANCISCO, March George ers for relief, representing that they V. Mulligan, city treasurer of Healds105, 107 and 1 are destitute. burg. Sonoro county, died here Mon-


Article from Weekly Expositor, April 6, 1894

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He's One Among a Thousand. Lazarus Silverman, the well known Chicago banker, who suspended pay. ments last August with liabilities of $1,500,000, has resumed business, all of his assets being taken by him out of the hands of the assignee in open court. Mr. Silverman has liquidated his entire indebtedness by paying in full with interest to everybody. e


Article from The Meridional, April 7, 1894

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Valley, W. Va., who recently indalged in such lawless proceedings, returned to work on Monday. Fruit and grain have been greatly damaged by the extremely cold wave that extended all over the country east of the Rocky Mountains early last week. The last of the Gravesend election conspirators were arraigned in court on Monday; sixteen pleaded guilty; one not guilty, and one was discharged. On Saturday the Iowa house of representatives passed the Dairymen's bill, prohibiting the coloring of imitation butter or cheese with yellow coloring. The sub-committee of the house judiciary committee, charged with the investigation of Judge Jenkins, will leave Washington for Milwau kee on Saturday next. The women of Troy, N. Y., held a mass meeting, organized the Robt. Ross Memorial association and raised over $5,000 for a monument to the murdered man. Lazarus Silverman, a banker of Chicago, who suspended last August with liabilities of $1,500,000, has just resumed business, and is paying all claims with interest. James Gilday, a plumber, insulted two women on Monday On Market street, San Francisco. and their escort hit him with his fist, killing him with a single blow. Two young society men of Omaha -one the son of Dean Gardoer, of Trinity Cathedral, fought twenty rounds to a knockout on Sunday evening for the smiles of a schoolgirl. A distriet court of Denver has decided in favor of Gov. Waite, of Colorado, in his case against the Denver Fire and Police Boards, but the supplanted officials still refuse to yield. The New York World says that Ambassador Panncefote has informed Secretary Gresham that the British government is prepared to negotiate a new modus virendi with reference to seal poaching. It is said that, although the bill for the repeal of the ten per cent state bank tax has been killed in the house committee on banking and currency, it is intended to bring it before the house for action. Prince Bismarck has recovered his health so completely that Dr. Schweninger has withdrawn all limitations upon bis smoking and drinking. He walks daily in the Eried. richsruh Park. and hopes soon to re. sume his rides. One furnace of the Diamond Glass Works at Kokomo, Ind., was started on Monday, and the entire concern will soon be in operation with 800 hands. The American Straw Board company, at the same place, will resume on April 15. Economical Spring Gowns For