Article Text
Private Banker Suspended. By Associated Pressto the News. CHICAGO, Aug. 3.-Lazarus Sil verman, a well known private bank. er, suspended today. His liabilities are $500,000, with assets in excess of that amount and $6,000 cash on hand.
Lazarus Silverman (Chicago, IL)
Episode Information
- Episode UID
2636359791124- Episode Type
- Suspension → Reopening
- Bank Type
- private
- Bank ID
-
263635979hash - Start Date
- August 3, 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
9ed00333f63f0812
Response Measures
None
Description
Suspension appears liquidity-driven; he made an assignment but later paid creditors in full and resumed.
Events (3)
1.
August 3, 1893
Suspension
- Cause Details
- Suspended payments due to lack of ready money despite assets reported in excess of liabilities; made assignment to Title Guarantee and Trust Company.
- Newspaper Excerpt
- CHICAGO, Aug. 3.-Lazarus Silverman, a well known private banker, suspended today.
- Source
- newspapers
2.
August 4, 1893
Other
- Newspaper Excerpt
- Lazarus Silverman, the private banker, who suspended yesterday, made an assignment in the County Court this afternoon to the Title Guarantee and Trust Company.
- Source
- newspapers
3.
March 27, 1894
Reopening
- Newspaper Excerpt
- Lazarus Silverman ... who suspended last August ... resumed business yesterday. He has liquidated his entire indebtedness by paying in full, with interest, to everybody.
- Source
- newspapers
Newspaper Articles (21)
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Article Text
A Private Banker Suspends. CHICAGO, Aug. 3.-Lazarus Silverman, a well-known, private banker, suspended today. His liabilities are $500,000, with assets in excess of that amount, and $60,000 cash on hand.
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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.
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Assets Exceed Liabilities. CHICAGO, Aug. 4.-Lazarus Silverman, a well known private banker, has suspended. His liabilities are $500,000, with assets in excess of that amount, and $6,000 cash on hand.
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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.
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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.
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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.
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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.
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LAZARUS SILVERMAN, the Chicago private banker, in whose institution Menzesheimer, formerly of Bismarck, was employed, has suspended-assets exceeding the liabilities, of course, by many thousands.
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A Private Banker Suspends. CHICAGO, Aug. 3.-Lazarus Silverman, the well-known private banker, has sus pended. His liabilities are $500,000 and bis assets will be greater. The cash on hand is $6000.
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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 shêdule of assets and liabilities has been filed.
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Paid His Entire Indebtedness. CHICAGO, March 27.--Lazarus Silverman, he well known banker of this city, who suspended last August with liabilities of $1,500,000, resumed business yesterday. He has liquidated bis entire indebtedness by paying in full, with interest, to everybody.
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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.
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Paid His Entire Indebtedness. CHICAGO, March 97.-Lazarus Silverman, the well known banker of this city, who suspended last August with liabilities of $1,500,000, resumed business yesterday. He has liquidated his entire indebtedness by paying in full, with interest, to everybody.
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Lazarus Silverman Resumes. CHICAGO, March 27.-Lazarus Silverman, the well-known banker of this city, who suspended payments last August with liabilities of $1,500,000, resumed business yesterday, 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.
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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.
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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.
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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,
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Settled Enormous Liabilities. CHICAGO, March 28.-Lazarus Silverman, the well known banker, who suspended payment last August with liabilities of $1,500,000, resumed business yesterday, paying his indebtedness in full, even including interest.
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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-
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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