Fourth National Bank (Louisville, KY)

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Episode Information

Episode UID
278401123
Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
27840 national
Charter Number
2784
Start Date
July 25, 1893
Location
Louisville, Kentucky (38.254, -85.759)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e37eb139c810ab14

Response Measures

Clearinghouse loan, Full suspension

Clearinghouse involved: Yes (loan, examination, or other measures)

Events (5)
1. September 26, 1882 Chartered
Source
historical_nic
2. July 25, 1893 Run
Cause
Local Banks
Cause Details
Heavy withdrawals and a drain of funds by country (rural/correspondent) banks precipitated depositor runs in Louisville.
Measures
No special measures beyond suspension; officers publicly assured depositors they would not lose money.
Newspaper Excerpt
A run during the morning with a drain from the country banks caused the suspension.
Source
newspapers
3. July 25, 1893 Suspension
Cause
Local Banks
Cause Details
Suspension resulted from the morning run and the drain of deposits by country banks.
Newspaper Excerpt
The Fourth National Bank threw up the sponge at 1:18 o'clock this afternoon after a hard fight.
Source
newspapers
4. August 26, 1893 Reopening
Newspaper Excerpt
The Fourth National Bank, one of the five Louisville banks to suspend payment during the recent panic, resumed business to-day.
Source
newspapers
5. June 2, 1894 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (24)
1. July 25, 1893 The Evening World New York, NY
Article from The Evening World, July 25, 1893

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STILL THE BANKS GO. Two Close Their Doors To-Day in Indianapolis. Three More Suspensions Are Announced in Louisville. And the M iwaukee Marine and Fire Bank Goes to the Wall. INDIANAPOLIS. Ind., July 25-The Indianapolis National Bank failed to open Its doors this morning. The Bank of Commerce did not open this morning The Indianapolis National va. the dea ignated depository of the United States Its capital was $300,000. No statement has been made 11.4 to 110 condition. except that the faiture 1. to $1,201,000. For some days rumors have been CUT rent to the effect that the bank was : trouble, and those rumors have had ... . effect of starting a quiet non upon . which. quiet though it was. has tepleted the bank's funds, and finally made nec essary the action of to-day. The management 114 not sufficiently realize the extent of the talk concern ing the bank,and did not make timely preparation for the worst. The Bank of Commerce has not been one of large deposits. and its failure will not have much effect on the local money market. Its indebtedness is said to be only $150,000 The suspensions caused considerable excitement on the streets. and at this hour (10.30) a heavy run is being made on the Indiana National. LOUISVILLE, Ky., July 25.-This will prove a memorable day in the financial history of Louisville. As 10 o'clock this morning the Merchants' National Bank posted H notice of suspension. and half an hour later the failure of the Louisville Deposit Bank was announced. By this time half a dozen banks in the city were being run by depositors mostly small ones They all stood the pressure except one-the Fourth Nation al-which closed its doors in the Board of Trade Building at 10 o'clock. At that time the excitement was run ning high, and every one of half n dozer banks was crowded with depositors who were in line waiting their turr with the paying teller. The first failure of the present crisis was that of the Kentucky Nationa Bank, Saturday. Then came the Louis ville City National Bank Monday, after the intervention of P Sunday holiday

2. July 26, 1893 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, July 26, 1893

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COLLABSES IN LOUISVILLE, A Memorable Day-Four Banks Close-All Said to be Solvent. LOUISVILLE, Ky., July 25.-To-day was a memorable one in the financial situa. tion of this city, The Merchants National Bank closed its doors at 10 o'clock and was followed half an hour later by the suspension of the Louisville Deposit Bank. Both failures were caused by the heavy demands from country banks, the local runs being comparatively insignificant. President Lindenburger, of the Morchants National, saya depositors and stockholders will be paid in full. Two other banks followed in the wake and closed their doors also. The last statement of the Fourth National showed total-resources of $848,401 88, and liabilities of 848,401 88. Among other bankers the Merchants' National has not been regarded with any supicion owing to a fair statement made by order of the comptroller of currency on July 12, when the condition of the bank showed liabilities and assets $1,615,156 73. The last statement of the Louisville Deposit Bank shows total resources $839,575 27 and liabilities $839,575 27. Cashier Oehtigschlager assures the depositors that they will lose nothing. President Davis, of the Fourth National, was seen just after the closing of the doors. "All the information I have to give out at this time,' hesaid, "is that no one will lose a mill by our suspension." The Sweetwood Distillery Company also made an assignment, by its president, Moses Schwartz, at 12:45 o'clock to-day, to the Germania Safety Vauit and Trust Company. Mr. Schwartz could not say what the liabilities amounted to and felt too bad to talk about the matter.

3. July 26, 1893 The Times Richmond, VA
Article from The Times, July 26, 1893

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ANOTHER BANK FAILS, Louisville's Fourth Bank Forced to the Wall-Other Failures. LOUISVILLE, KY., July 25.-The Fourth National Bank threw up the sponge at 1:18 o'clock this afternoon after a hard fight. A run during the morning with a drain from the country banks caused the suspension. President George Davis was seen just after the closing of the doors. "All the information we have to give out at this time," he said, "is that no one will lose a mill by our suspension." Four national banks have thus far suspended since Saturday. The officers of the Merchants' National Bank assert their solvency. Depositors and stockholders will receive dollar for dollar. By 10:30 o'clock it became evident to the directors of the Louisville Deposit Bank that they could not meet the day's demands. As the general condition of financial affairs was such as to preclude the hope of outside assistance the directors ordered the doors to be closed, and the papers were preparing making an assignment to the Germania Trust Company. The deposit bank was organized a little over a year ago by Moses Schwartz, its president, with a paid-up capital of $300,000. It was started at a bad time, and was refused admittance to the Clearing House. It, however, seemed to prosper for a while, and at one time its stock sold above par. It might have pulled through, but for the suspension of the three national banks. The Gibraltar of Finance Gees Under MILWAUKEE, WIS., July 25.-The Wisconsin Fire and Marine Insurance Company Bank closed its doors this morning. This is Senator Mitchell's bank and has been considered the strongest bank in the city. MILWAUKEE. WIS., July 25.-There were many dramatic and even touching scenes in and about the closed Mitchell

4. July 26, 1893 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, July 26, 1893

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More Bank Suspensions. INDIANAPOLIS, IND. July 3.-The Bank of Commerce did not open its doors this morning. INDIANAPOLIS, IND., July 25. - The Indianapolis National Bank suspended this morning. LOUISVILLE, Ky., July 25.-The Merchants' National Bank suspended payment this morning. MILWAUKEE. WIS., July 25.-The - Wisconsin Marine- and Fire-Insurance Company Bank closed its doors this morning. This is Senator Mitchell's bank and has been considered the strongest bank in the city. TOLEDO, O., July 25.-The Farmers' National Bank of Findlay, O., closed its doors at noon to-day. No excitement prevails, and the other three banks in the city are prepared for any run that may follow. LOUISVILLE, Ky., July 25.-The Fourth National Bank threw up the sponge at 1:18 o'clock this afternoon after a hard fight. A run during the morning, with a drain from country banks. caused the suspension. President George Davis was seen just after the closing of the doors. "All the information we have to give out at this time," he said, "is that no one will lose a mill by our suspension." Four national banks have thus far suapended since Saturday. The officers of the Merchants' National bank assort their solvency. Depositors and stockholders will receive dollar for dollar. By 10:30 o'clock it became evident to the directors of the Louisville Deposit Bank that they could not meet the day's demands, and as the general condition of financial affairs was such as to preclude the hope of outside assistance, the directors ordered tne doors to be closed, and papers were prepared making an assignment to the Ger. maus Trust Company.

5. July 26, 1893 The Morning News Savannah, GA
Article from The Morning News, July 26, 1893

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LOUISVILLE BANKS SUCCUMB. Three Yield to Heavy Withdrawals of Deposits. Louisville, Ky., July 25.-The Merchants' National Bank suspended payment this morning. The Fourth National bank threw up the sponge at 1:18 o'clock this afternoon after a hard fight. A run during the morning, with a drain from country banks, caused the suspension. President George Davis was seen just after the closing of the doors. "All the information we have to give out at this time," he said, "is that no one will lose a mill by our suspension." Four national banks have thus far suspended since Saturday. The officers of the Merchants' National Bank assert their solvency, and that depositors and stockholders will receive dollar for dollar. By 10:30 o'clock it became evident to the directors of the Louisville Deposit Bank that they could not meet the day's demands. As the general condition of financial affairs was such as to preclude hope of outside assistance, the directors ordered the doors to be closed, and papers were prepared making an assignment to the Germania Trust Company. The Deposit Bauk was organized a little over a year ago by Moses Schwarze, its president, with a paid up capital of $300,000. It was started at a bad time, and was refused admittance to the clearing house. It, however, seemed to prosper for awhile and at one time its stock sold above par. It might have pulled through but for the suspension of three national banks. A NEGRESS STARTS A RUN. At 1 o'clock this afternoon a small run was caused on the German Bank by an old colored woman who had $50 deposited there. She did not have a certificate with her, and lovdly demanded that she be given her money without identification. The noise she made attracted attention, and in a few moments a hundred people were about. The bank officials had a strong box, said to contain $300,000, brought over from the Louisville Trust Company. The money was spread out on the counter and the cashior announced that he was ready to pay off any and all claims. A few of the small depositors drew their money, but the others were spedily satisfied that the BGerman ank was in no:danger and left. Subsequently a heavy run started on the German Bank and continued up to 3 o'clock. The bank has over $500,000 in cash and $1,500,000 worth of securities, which can be turned into money at a moment's notice. Several banks kept open until 6 o'clock.

6. July 26, 1893 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, July 26, 1893

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Two at Louisville. LOUISVILLE, July 26.-The Merchants National bank has suspended. LOUISVILLE, July 26.-At 1:30 p. m. the Fourth National bank closed its doors.

7. July 26, 1893 New-York Tribune New York, NY
Article from New-York Tribune, July 26, 1893

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ALL THE LIST DECLINES. THE BANK FAILURES DEPRESS PRICES. HEAVY CURRENCY SHIPMENTS TO MILWAUKEE, LOUISVILLE AND OTHER WESTERN POINTS-TROUBLE WITH PHILADELPHIA COLLECTIONS. Depressing news, to which to attribute further demoralization of the stock market, was not lacking yesterday. On the contrary. It came in with a rush from the sections of the West which have been the recent centres of uncertainty. The morning bad shown some encouraging features, among which was the continued buying for London account, and the feeling was reflected In the prices of some stocks. The news from the West, however, turned the current. The telegraphic announcement of the failure of the Indianapolis National Bank and the Bank of Commerce, of the same city, and, still more, the suspension of the Wisconsin Marine and Fire Insurance Bank of Milwaukee, contributed an element of significance far more effective than recent signs of Western financial distress have been. Following them came the news of other bank failures, notably of the Louisville Deposit Bank. the Merchants' and the Fourth National, of Louisville. All of the Institutions named are in citles from which. with St. Louis, Chicago and Cincinnati, have come the largest demands for currency. These cities have taken the bulk of the millions which have been shipped in the last four or five days. There is yet no end to this westward movement in sight, though accurate prognostication Is as impossible as accurate figures of shipments are unobtainable. It was estimated that another $1,500,000 was sent yesterday from New-York banks in response to calls from Western Institutions. The continued big balance of currency movement against New-York is an unpleasant surprise to the bankers here, who have been hoping that the calls for currency had reached their limit. In the language of the Street, New-York has financed" the country, and the burden has not lightened yet. From the cities where banks were crashing the calls for money yesterday were naturally urgent. One Milwaukce bank telegraphed Its New-York correspondent: "The Marine and Insurance has suspended. We are sound. Can you send us $200,000 currency ?" The amount asked for was sent. Larger smounts were sent to St. Louis and Louisville. There were also some receipts of currency, especially from the Southwest, but financial men estimated that the balance against New-York equalled the shipments made on Monday and on Saturday. The demand for currency at the Sub-Treasury amounted to $400,000. The Clearing House Loan Committee authorized the Issuance of $50,000 in loan certificates, making the amount outstanding $22,000,000. It was expected that 2% much larger amount of new certificates would be issued, reports having It that an additional million or so was to be demanded. Chairman Frederick D. Tappen ridiculed these rumors, as did also other officials of the Clearing House. There was, however, a feeling that a considerable increase of the certificates to-day or to-morrow would not be the happening of the unexpected. The $50,000 issued yesterday was taken by a small uptown bank. The Sub-Treasury was a debtor to the Clearing House yesterday $600,000, and it followed its as yet unexplained course of last week by paying that amount in gold. Its balance on Monday was paid in currency. Money on call opened at 4 per cent, but stiffened to 8 per cent and closed at that point. Time money is still practically unobtainable. One banker called attention yesterday to the fact that from June 18, 1892. to July 18, 1893, the NewYork banks suffered a shrinkage in deposits of $149, 000,000. or this amount there has been a loss of $97,000,000 since February 11. 1893. The deposits in June. 1892. averaged about $534,608,000: in February, 1893. about $491,747,000. and this month about 2204 174.000, This great shrinkage makes more re-

8. July 26, 1893 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, July 26, 1893

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The Flurry In Louisville. LOUISVILLE, July 26-A memorable day in the history of Louisville has just passed. The Merchants' National bank posted a notice of suspension, and half an hour later the failure of the Louisville Deposit bank was announced. By this time half a dozen banks in the city were being run on by depositorsmostly small sums. They all stood the pressure except one-the Fourth National -which closed its doors in the board of trade building. Excitement was running high, and every one of half a dozen banks was crowded with depositors, who were in line waiting their turn with the paying teller. The first failure of the present crisis was that of the Kentucky National bank on Saturday. Then came the Louisville City National bank Monday, after the intervention of a Sunday holiday, and then the Merchants' bank, the Louisville Deposit and Fourth National.

9. July 26, 1893 The Record-Union Sacramento, CA
Article from The Record-Union, July 26, 1893

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of other banks, but at each large depositors came to its assistance, and officers assured those interested that they were perfectly safe. The general opinion is the worst is past. RUNS ON LOUISVILLE BANKS. LOUISVILLE, July 25.-The Louisville Deposit Bank failed to open its doors today. The Merchants' National Bank has suspended, as also the Fourth National Bank. There were runs on several other banks, mostly small, but all stood the strain. The failure of the Merchants' National was caused by the withdrawals of country banks. The Deposit Bank was not a member of the Clearing-house, and none of the other banks would assist it. The Fourth National failed as a result of the panic caused by the failure of others. None of the failures are considered bad. The depositors of the two national banks will be paid in full. The Merchants' National has a capital of $500,000, the Fourth National a capital of $500,000 and a surplus of $25,000. The Deposit Bank has a capital of $300,000; surplus, $16,000. The last statement of the Fourth National Bank showed a paid in capital stock of $300,000, a surplus fund of $37,000 and undivided profits of $27,956. The Merchants' had a paid in capital of $500,000, a surplus of $100,000 and undivided profits of $21,394. The Deposit Bank statement showed a capital stock of $300,000, undivided profits, $19,155. All the bank officials express confidence that no one will lose a cent if they get time to realize on their assets. Shortly after assignment of the Fourth National President Schwartz filed an individual assignment of all his personal property to the same assignee. The Sweetwood Distillery Company also made an assignment, Mr. Schwartz being President of that company also. No statement has yet been prepared. A FAILURE AT FINDLAY, OHIO. FINDLAY (0.), July 25.-The Farmers' National Bank, one of the popular financial institutions of this city, closed to-day because of its inability to realize upon its assets. The officers assert that they will be able to pay depositors dollar for dollar, and have a surplus when affairs are settled up. Ever since the failure ex-Secretary Charles Foster has been drawn upon heavily, and was unable at the present time to meet the constant drain. There was no run on other banks in the city.

10. July 26, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 26, 1893

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LOUISVILLE BANKS. Three of Them Close Their Doors and Suspend. LOUISVILLE Ky., July 25.-The Merchant's National bank has suspended. The Louisville Deposit bank has also failed. The Fourth National bank has suspended. There wereruns on several other banks, mostly small ones, but all stood the strain. The failure of the Merchant's National was caused by the withdrawal of country banks' deposits. The bank is not a member of the clearing house and none of the other banks would assist it. The Fourth National tailed as the result of the panic caused by the failure of the others. None of the failures are considered bad. The depositors of the two national banks will be paid in full. The Merchant's National has a capital of $500,000 and the Fourth National a capital of $300,000; surplus, $35,000. The Deposit bank has a capital of $300,000 and a surplus of $16,000. The last statement of the Fourth National showed a paid in capital stock of $900,000; surplus fund, $35,000; undivided profits, $27,950. The Merchants' had a paid in capital of $500,000; surplus, $100,000; undivided profits, $21,384. The Deposit bank statement showed a capital stock of $300,000; undivided profits, $19,155. All the bank officials express confidence that no one will lose a cent if they get time to realize on assets. Shortly after the assignment of the Deposit bank President Schwartz filed an individual assignment of all his personal property to the same assignee. The Sweetwood Distillery company also made an assignment, Mr. Schwartz being president of that company also. No statement is yet prepared. Jacob Schwartz, brother of the president, and who has been in the liquor business a number of years, suspended late this afternoon. He owes $70,000.

11. July 26, 1893 The Representative Saint Paul, Minneapolis, MN
Article from The Representative, July 26, 1893

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Quit After a Hard Fight. LOUISVILLE, July 26.-The Fourth National bank threw up the sponge at 1:18 p. m. after a hard fight. A run during the morning with a drain from the country banks caused the suspension.

12. July 29, 1893 Arizona Weekly Citizen Tucson, AZ
Article from Arizona Weekly Citizen, July 29, 1893

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most unfortunate. The emperor was chagrined that Bavaria should have discomfited Prussia, and let fall remarks that were repeated to Von KaltebornStachua, who was left small option but to resign. The emperor has ordered that no army maneuvers be held anywhere in Germany unless absolutely certain that the distr ct in which it is proposed to hold them will not be damaged. Comments in the papers here on the Franco-Siamese dispute are listless. and are only noteworthy for their declarations of friendly neutrality toward France. A duel has been fought in Geunewald between Professor Fromhold, nephew of Admiral Livonim, and Lieutenant Klein, one of the reserves. They quarreled about R lady Lieutenant Klein was wounded in the hand. Both duelists were arrested, but will probably escape with two days' imprisonment. The imperial budget, in which a large deticit was expected, shows a difference of 1,114,000 marks between receipts and expenditures. DENVER, July 25.-A meeting will be held here to devise means of taking care of the destitute, who number over 8000. INDIANAPOLIS, July 25.-The Baok of Commerce did not open its doors this morning. INDIANAPOLIS, July 25.-The Indianapolis National bank failed to open its doors this morning. The Indianapolis National was considered one of the strongest banks in the city, and was designated as the repository of the United States. The Bank of Commerce has not been one of large deposits, and the failure will not have much effect locally. Now, at 11 o'clock, a heavy ran is being made on the Indianapolis bank. MILWAUKEE, Wis., July 25.-The Wisconsin First Marine Insurance bank closed its doors this morning. The Milwaukee people had become imbued with the idea that this old bank was the Gibraltar of finance and could not credit reports that it bad closed. The city of Milwaukee has $1,600,000 in the bank and will probably have tempororily to suspend payment. The bank was the depository of the Chicago, Milwaukee & St. Paul road, and arrangements have been made for the payment of checks drawn on that bank by the Wisconsin National bank. BIG DEPOSITORS TO THE RESCUE. Runs were at once started on a number of other banks, but at each large depositors came to the bank's assistance and officers assured those interested they were perfectly safe. The general opinion is the worst is past. The Bank of Commerce, known as Mitchell's back, has fail A notice on the door says it is closed on account of the monetary stringency. The statement on the 1st places the resources at $8,946,344; liabilities due depositors, $7,870,504; due others, $500,000. SANDUSKY, Ohio, July 25.-The G. B. Hodgman Manufacturing company manufacturers of cooperage and bridge timbers and wholesale dealers in lumber, has gone into the hands of a receiver. It is understood the action was not on account of insolvency, but to protect the concern and secure an extension. The firm employs several hundred men. LOUISVILLE, Ky., July 25.-The Louisville Bank of Deposit has failed. The Fourth National bank has assigned. The Merchants National bank has suspended. ST. LOUIS, July 25.-Ripper & Bronson. iron merchants, assigned this morning. Liabilit $150,000; assets, probably same. CHICAGO, July 25.-Entering of confession of judgment in favor of the Continental National bank by Parkhurst & ilkinson, iron merchants, caused the firm to assign. Assets, $1,000,000; liabilities not stated.' CLEVELAND, Ohio, July 25 --A World's fair excursion train on the Baltimore & Ohio road was wrecked near Akron this morning. Three coaches were derailed by spreading of the rails, and thrown over an embankment. It is reported that many were seriously injured, but none killed outright. PARIS, July 25.-Yesterday's announcement that France had notified the powers of her intention to blockade the coast of Siam is premature. The notice has not yet been sent. A conference between the foreign office and British amoassador on the Siamese question will be held tomorrow. TOPEKA, Kas., July 25.-Eleven companies of militia have been put in readiness to start for the scene of the miners' troubles. The situation is critical. WEIR CITY, Kas., July 25.-Over 500 negroes have arrived and,are quartered in the stockade. All are armed and are being drilled. PORTLAND, July 25.-Vice President Stevenson and party arrived here this morning at Salem. The vice president was welcomed to Oregon by Governor Pennoyer, who in a speech called attention to the hard times prevalent in Oregon and attributed the business trouble to the financial policy of the government during the past two years. He declared that the simple repeal of the Sherman law would be a violation of the pledge of the democratic party to the people and called on the vice president to use his influence toward se uring the use both of gold and siver as stand and money of the country. In reply the president said he would endeavor to co-operate with those who have in view the best interests of the common people of the land. as LOUISVILLE, July 26.-There come withdrawing of funds from the banks this morning, mostly by small depositors, but nothing like a general run. It is balieved the trouble is over. THE ERIE IN A RECEIVER'S HAND. New YORK, July 26.-D. O. Mills said to be one of the largest holders of Erie seconds, says in regard to the road being put into the hands of a receiver

13. July 29, 1893 The Bessemer Indicator Pueblo, Bessemer, CO
Article from The Bessemer Indicator, July 29, 1893

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THE FINANCIAL SITUATION. On the 25th the Mitchell bank at Milwaukee closed its doors Its deposits amount to nearly $3,000,000, assets $9,000,000. At Indianapolis the Indianapolis National bank and the Bank of Commerce closed their loors. Joint liabilities $2,500,000. Three banks at Louisville, Kentucky, also falled on the 25th. They are the Merchants' National, the Fourth National and the Louisville Deposit bank. None of the failures are considered bad ones. Depositors in the two national banks will be paid in full, and the loss to stockhoMers will not be more than 60 per cent. In either case. The situation on the New York stock exchange on the 26th was critical and a panic was narrowly averted. The news that the Erle railroad had gone into the hands of a receiver was largely responsible for the break in stocks which felt from 1 to 4 points. H. I. Nicholas & Ea. brokers, assigned.

14. July 29, 1893 The Sun New York, NY
Article from The Sun, July 29, 1893

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Louisville Adopts New York's Clearing House Certificate Plan. LOUISVILLE. July 28.-The Louisville bankers, at a meeting of the Clearing House Association to-day. decided that the exigencies of the situation make it necessary to adopt the New York plan of issuing certificates. A committee will pass upon the collateral of banks needing help. and if found good will issue the checks. It is now certain that two of the five suspended baks-the Merchants' National and the City National-are in shape to resume in a few days. The Fourth National hopes to do the same, but the Kentucky National and Deposit banks will almost certainly go into liquidation.

15. August 4, 1893 The Weekly Union Times Union, SC
Article from The Weekly Union Times, August 4, 1893

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NUMBER 31. SILVER REFUSED. So Much Already That it Can't be Handled. CHICAGO, ILL.-Notice was posted Monday in the United States sub-Treasto be received. ury the During effect that the silver day many would employes not of banks brought in sacks of the white metal to get currency in exchange, but they had to shoulder their loads and go ag in as came. more silver the lying they around uncounted There is behind rails of the sub Treasury than the force can handle. On every shelf and in piles on the floor, canvas sacks filled with dollars and other coins, are stacked up until there is hardly room to get about. "We are unable to handle the big amount of silver we have on hind," said one of the offi cials, "and until it CAN be all counted and cleaned up we will not receive any mo'e over the counter. For some time of here to brought past great quantities by banks silver be exchanged have has been befor currency. unt the amount come greater than we can handle, and we will have had to call a temporary halt. This is all there is to the mat er. EX TREASURER HUSTON'S ANK DOWN. CONNORSVILLE, IND The Citizens' Bank, owned by ex United States Treas urer Huston, failed to open its doors to of the market. gency Monday morning money owing The the liabili. strinties and assets have not yet been made known. The depositors will, it is said, be paid in full. HAD HELPED OTHERS COULD NOT SAVE ITSELF. TACOMA, WASH. -The Tacoma Na. tional one of the strongest the Northwest Bank, suspended Monday morning. in This bank has been assisting the other banks in the city for the past six months A LOUISVILLE BANK. LOUISVILLE, KY.-The Louisville City National Bank closed its doors at 1:10 Monday evening. SENATOR MITCHELL'S BANK FAILS. MILWAUKEE, Wis.-The Wiseonsin Fire and Marine Insurance Company Bank closed its doors Tuesday morning. This is Senator Mitchell's bank and had been considered the strongest bank in the city. A FARMERS' NATIONAL. TOLEDO, O.-The Farmers' National Bank of Findlay O. closed its doors the at DOPEL once for any run that may follow. A FLORIDA BANK. WASHINGTON, D. C.-Examiner McDonald has been directed to take charge of the failed First National Bank, of Or. lando, Florida. A LOUISVILLE BANK. LOUISVILLE, Kv.-The Merchants' National Bank has suspended payment. THE LOUISVILLE FAILURES LOUISVILLE, Ky.- The Fourth Nationai Bank threw up the sponge at 1:18 o'clock in the afterneon, after a hard A run during the from the country fight. drain morning, banks, Geo. caused Davis with the President after the "All the information we to doors. was seen suspension. just closing have of the give out at this time," he said, "is that no none will lose a mill by our suspension." Four national banks have thus far suspended since Saturday. The officers of National assert Depositors stockthe their Merchants' solvency. dollar. Bank and , holders received dollar for 10:30 o'clock it became to By Louisville evident the directors of the Deposit that th could not meet day's of 1 AS the general demands, Bank y condition the n financial affairs was such as to preclude of outside assistance. the hope be The closed, directors ordered the doors to and papers were prepared making an aseignment to the Germani Trust ComS pany. The D posit Bank was organized a y little over a year ago by Moses Schwartz, its with a paid up of It was started at a $300,000. president, bad capital the clear- time, refused admittance to y house. It, however, prosfor a while and its stock and ance per was seemed sold to above par. It might have pulled through but for the suspension of three national f banks. FAILURE FOR $1,200 000. INDIANAPOLIS, IND.- The Indianapolis Bank suspended payment TuesThe failure is day National morning. for have $1,200,000. For 8 me days rumors been that the bank was in rudiors had the effect current these though trouble of starting quiet, and a run on it, which, the bank's funds finally depleted quiet of Tuesday. and c made necessary the action f AN INDIANAPOLIS BANK FAILS. le INDIANAPOLIS, IND.-The Bank of of Commerce dil not open Tuesday morning. e it

16. August 10, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, August 10, 1893

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Banks Will Resume. LOUISVILLE, Ky., Aug. 9.-One of the four suspended national banks will resume sooner than was expected, but the others will not be far behind. The Fourth National will be the first. Its officers expect to open its doors next Monday, and the City and Merchants' will resume in a few days.

17. August 27, 1893 The Roanoke Times Roanoke, VA
Article from The Roanoke Times, August 27, 1893

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Louisville Banks Resuming. LOUISVILLE, Ky., Aug. 26.-The Fourth National Bank, one of the five Louisville banks to suspend payment during the recent panic, resumed today. The City National and the Merchants' National will also resume within a few days. An informal meeting of the stockholders of the Kentucky National Bank will be held to discuss the matter of reopening that institution.

18. August 27, 1893 New-York Tribune New York, NY
Article from New-York Tribune, August 27, 1893

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NATIONAL BANKS TO RESUME BUSINESS. Chicago, Aug. 26.-At a meeting of the stockholders of the National Bank of Kansas City, held here yesterday, It was unantmously decided to resume the business of the bank. Sixty-five stockholders repre. senting over 6,100 share-about a two-thirds Interestwere present. A careful Investigation showed the affairs of the bank to be In excellent condition, and by a unantmous vote the bank was declared solvent. Ways and means for the management will be sought at once and the bank will reopen within twenty days upon the policy laid down by the Controller In his recommendation. Louisville, Ky., Aug. 26.-The Fourth National Bank, one of the few Louisville banks which suspended payment during the recent pante. 'resumed business to-day. The City Nath nal and the Merchants' National will also resume within a few days. An informal meeting of the stockholders of the Kentucky National Bank will be held to discuss the matter of reopening that institution.

19. August 30, 1893 Watertown Republican Watertown, WI
Article from Watertown Republican, August 30, 1893

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insanity. FRED. SWANSON, of Campbell, Minr agent for the Northwestern Elevate Company, of Minneapolis, is under a rest charged with embezzlement. It said Swanson has given checks in pa ment for wheat when the company gar him the cash, and that the entir amount of his irregularities is $2,500. CHAUNCEY M. DEPEW has received letter from Paul Harchez, a rich Cuba planter, in which the foreigner say that he is suffering from an incurab ailment and that in his will he leaves Mr. Depew one-halfof his estate, value at $2,000,000. This is in return for $5 which Mr. Depew loaned him eighte years ago with which to develop an i vention for crushing cane sugar. FRUIT in Delaware was greatly dar aged by the storm. THE liabilities of Hotchkiss & Co., New York, are $567,340 and the asse $544.811. THE Iowa Prohibition state conve tion will be held at Des Moines on Se tember 6. THE Raub Locomotive Works, er ploying 2,500 men, have located at I wood, Ind. WILL WOLFE, arrested at Martinsbur Ia., for disturbing a religious meetin committed suicide. FREDERICK SENN, of Mendon Cente Monroe County, N. Y., suicided I shooting, owing to financial troubles. WILLIE RIPLEY, 12 years old, was ace dentally hit on the head with a stone his cousin near Oakland, III., and fatal hurt. W. W. WENTWORTH, book-keeper the Victoria Hotel at New York, under arrest charged with embezzli $6,500. Two hundred German Baptists, e cursionists from Louisville, were stran ed on a sandbar, where they remaine all night. MRS. FRANK YOUNG, of Salina, Kat attempted to commit suicide by taki morphine. Slight hope is entertain of her recovery. CLIFTON ARMSTRONG, 15 years old, w drowned while bathing in a small la at Highland Park, a pleasure reso near Wooster, O. WILLIAM HENRY SEWARD, JR., gran son of Secretary of State Seward, ai Miss Anna Dennis Myers, were ma ried at New York. DR. JOHN W. McK1NNON, a dentist Decatur, III., married an heiress Philadelphia, Pa., in St. Louis, Mo. is said to be an elopement. THE increase in national bank circul tion during the month has been mo than $12,000,000, and since January last more than $30,000,000. THE Fourth National Bank of Lou ville, Ky., has resumed. IT is denied that Miss Florence Pu man is to marry Prince Isenberg. A. V. BLYTHE, sheriff of Miller Cou ty, Ark., is $16,000 short in saccoun BARON VON SAURMA-TELSTCH, the ne German ambassador has arrived in No York. FOREST fires surrounded Michig City, Ind., threatening the destruction of the city. "THE Harvest Home picnic for Southe Michigan at Devil's Lake was attend bo 20,000 farmers. R. W. PARKER, under arrest in S: Francisco for embezzling in Chicago, : tempted suicide by shooting. GEORGE UHL, 20 years of age, Logansport, Ind., was drowned in La Minnetonka. His boat capsized. THE state of Minnesota has $5,000,0 tied up in the eleven banks in St. Pa and Minneapolis that have suspende SPEAKERS at a meeting of unemploy in New York made Anarchisticspeech and the police broke up the gatherin SEVERAL shots were exchanged at M Kee's Rocks, Pa., between strikers an non-union men. One man was wounde SEVERAL encounters occurred at Vie na between strikers and the police. large number of persons were wounde GEORGIANS express an opinion th Minister Blount will receive the Dem cratic nomination for governor of Geo gia. MOLLIE BIGFORD, a pretty 18-year-o member of the Wilbur Opera Compan died at St. Paul from a criminal oper tion. PETER BOLING was fatally injured Brownstown, Ia., by being blown out a well in which he was digging by dyn mite. STUDENTS of the Indiana Norm School have decided not to return u less President Parsons is removed. A MOB of unemployed laborers Denver drove away seventy-five me who were working on a sewer at $1.20 day. THE New York Board of Trade has i sued a call for a convention of busine interests at Washington about Septer ber 1. TEN Italian tramps captured a sto train on the Fort Wayne road at Valp raiso, Ind. The conductor was seriou

20. August 31, 1893 Union County Courier Elk Point, SD
Article from Union County Courier, August 31, 1893

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The production and surplus in each exporting country are given thus: Product in bu. Surplus. Russia 482,965,000 97,893,000 Hungary 141,870,000 45,400,000 Roumania 46,918,000 34,050,000 23,375,000 Turkey 5,875,000 31,977,000 Bulgaria 10,782,000 Servia 8,512,000 3,406,000 United States 397,250,000 69,518,000 Canada 43,980,000 9,931,000 India 274,385,000 42,562,000 Rest of Asia 65,262,000 7,093,000 Africa 36,716,000 3,688,000 Australia 39,725,000 19,295,000 Argentina 56,750,000 26,105,000 Chili, etc 19,862,000 6,526,000 Telegraphic Clicks. DURING July 120 deaths from yellow fever occurred in Havana. THE Fourth National Bank at Louisville has resumed business. COUP & Co., tanners, assigned at North Attleboro, Mass., owing $70,000. THE Columbian liberty bell has been shipped from Troy, N. Y., for Chicago. TRAINMEN on the Louisville & Nashville decide to strike against a cut in wages. THE St. Louis lumber firm of Stern & Mohiman has failed. The debts are $50,000. FOUR pontoons and & schooner were wrecked two miles north of Narraganeett, R. I. ILSLEY, DOUBLEDAY & Co., paints, failed at New York. Liabilities, $150,000; assets, $210,000. J. H. HANAN'S new steam yacht made 20% miles an hour on her trial cruise on Long Island Sound.

21. August 31, 1893 River Falls Journal River Falls, WI
Article from River Falls Journal, August 31, 1893

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WEST AND SOUTH. J. T. KNAPP & Co.'s private bank at Cedar Falls, Ia., closed its doors. MILLERS and elevator men in Minneapolis in order to move the wheat crop have decided to use checks and due bills. THE directory for the current year gives the city of Cleveland a population of 296,021, a gain of 12,274 over the previous year. FLAMES swept away the business portion of Winlock, Wash. THE Masonic hotel at Harvey, Ill., was burned, the loss being $100,000, with no insurance. The hotel was filled with visitors to the world's fair. BANKS that suspended recently have resumed business as follows: Fourth national at Louisville, Ky., American national at Pueblo, Col., County national at Waupaca, Wis., and Mercantile state bank at Denver, Col. THE Nebraska republicans will hold their convention at Lincoln October 5. IN Galesburg, Ill.,- Benjamin Churchill, a veteran of the war of 1812, died at the age of 102 years. THE democrats of Iowa in convention at Des Moines renominated Horace Boies for governor and S. L. Bestow for lieutenant governor, and nominated John Cleggett for supreme judge, J. B. Knoepfler for state superintendent of schools and Thomas Bowman for railroad commissioner. The platform declares for the repeal of both the McKinley and Sherman laws, demands a license-tax law, calls for economy in the expenditure of public money and opposes monopolies. IN Ham Brothers' store at Scottsville, Ky., the safe was blown open by burglars and $10,000 in cash taken. THE death of R. L. Woolen, well known throughout the west as "Uncle Dick," occurred at Trinidad, Col., in his 80th year. He was the greatest pioneer in America and the oldest Indian fighter in the wor)

22. September 2, 1893 Macon Beacon Macon, MS
Article from Macon Beacon, September 2, 1893

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not or sumelent importance n justing special legislation. THE Ben Wood and Etna mills and the Bellaire nail works, three of the biggest concerns in Wheeling, W. Va., announce that they will resume in a few days. They will employ about 2,000 men. IN Williams county, Ky., a posse of officers had a desperate fight with a band of burglars, whom they had surrounded of the in a house. One posse was and one of The house was to was injured killed. the found burglars be filled with stolen plunder. GEORGE BURNET, cashier of the defunct state bank of Manitowoe, Wis., has committed suicide by drowning. THE referees in the famous case of Emeric against Alvarado, in Sau Francisco, have completed the work of making an equitable distribution between 250 claimants of valuable San Pabloranch property. ILSLEY, DOUBLEDAY & Co., wholesale dealers in paints, New York and Australia, have become financially embarrassed. SENATOR ALLEN, of Nebraska, in a New York interview said that New York was no longer an American city, and that the capital of the United States would soon be removed from Washington to some city in the west. THE Fourth national bank, one of the five Louisville, Ky., banks to suspend payment during the recent panic, has resumed business. THE treasury is paying out gold now. Its paper resources are exhausted because of heavy expenditures. IN a passenger wreck on the Harlem road near Brewster, N.Y., four persons were killed and a number injured. CHOLERA reports from Russia show that nearly 2,500 deaths have occurred in the various provinces. A BOMB was exploded in Rome, but is supposed the only to victim have was thrown the it. man who FIVE masked men held up the NorthPacific train near Livingston, Mont. could not get into express ern They passengers. the safe, SO they robbed the A TERRIFIC hailstorm visited Rome, N. a vast amount of damage. a collision on the By Y., doing fourteen Long Island railroad near Newtown, per- insons were killed and about thirty jured. Among the killed was Col. the E. A. Buck, editor of the Spirit of Times. THE extensive mercantile establishment of Rosenbaum & Bros, Mount Vernon, Ky., dealers in dry goods, clothing, etc., burned. Loss, $150,000; fully insured. ACYCLONE passed over eastern Silesia. One hundred houses at Neustadt, Kose and Oberglogau were blown down. Crops were destroyed and several persons were killed. OYSTERMEN have just completed the examination of the beds in the vicinity of Bridgeport, Conn., and find a very It promising crop-larger than usual. loss, was thought the entire crop was a owing to the late storm. THE census of foreigners resident in France shows the total number is 1,130,The Belgians are most numerous. Since 211. Next to them stand the Italians. the number of American residents The 1851 increased from 5,000 to 12,000. German has colony has grown smaller in recent years. THE Norwegian schooner Glengairn off collided with an unknown vessel her Barnegat and went down with crew of ten men. RATHER than pay a premium on cur- emwith which to pay their Amsterployes. rency the United Knitting Co., dam. N. Y., has closed down. THE financial stringency has N. been J. severely at Orange, large felt very one of the twenty-eight throwing Every factories has shut down, employthousands hat of persons out of ment. ALERSON B. STEVER, one of the weigh- is the New York custom house, charged ers of with defrauding the government. ADVICES from New Hebrides cruiser, say a exploded on the French vessel was gun Trouin, while the were at Duguay target practice and four men killed and many hu hurt.

23. September 3, 1893 The Times Richmond, VA
Article from The Times, September 3, 1893

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BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. WASHINGTON, D. C. Sept. 1.Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000; First National Bank, Palouse city, Wash., $75,000: Southern California National Bank, Los Angeles, Cal: $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal., $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo, Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Den ver $500,000; Hutchinson National Bank, Hutchinson, Kan., $100,000; People's National Bank, Denver, Col.,$600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank, Greeley, Col., $50,000; Farmer's National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky., $200,000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000: Waxabachee National Bank, Waxabachee, Tex., $100,000; Citizen's National Bank, Attica, Ind., $50,000; First National Bank, San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners with excellent prospects of early resumption, in addition to the 34 above named which have already resumed business.

24. September 7, 1893 Democratic Northwest Napoleon, OH
Article from Democratic Northwest, September 7, 1893

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# CONDENSED NEWS. A Collection of Interesting Items on Various Subjects, Especially Prepared for the Hasty Readers. Knights of Labor are raising funds to work for the release of Hugh Dempsey now serving a sentence for complicity in the Homestead poisoning conspiracy. Serious trouble is feared in the Kansas coal fields. Armed strikers are encamped near the Atchison, Topeka and Santa Fe mines, near Frontenac, and declare they will not let nonunion men work. At Chicago 25 labor leaders and 25 business men have organized into a relief committee. This joint committee will work together in trying to find work and bread for the unemployed residents of Chicago. Edward Rider, a rich farmer living near Baltimore, was bunkoed out of $5,000 by the old racket-two tin boxes shifted. Posters advertising for recruits for the United States army were torn down in Ottawa. According to full returns the cotton crop of Texas will fall 25 per cent below that of last year. At 2 o'clock Thursday afternoon the first spadeful of dirt was turned for the mid-winter fair in Golden Gate park, San Francisco. Mrs. Perine, Mrs. Cleveland's mother is announced to arrive in Washington about the middle of September "to take care of Mrs. Cleveland." Unless the employes of the St. Paul railroad change their mind there will be no strike. They claim that there is cause but not the slightest chance of success, there being so many unemployed. The national banks at Louisville are getting ready to resume business. Nellie Leavell walked from Marion, Ind., to get into the Indianapolis reformatory because she was mistreated at home. Northwestern Indiana and eastern Illinois are in great danger from prairie fires. There has been no rain in 10 weeks and already fires are blazing in the vicinity of South Bend, Ind. There will probably be great loss before the fires are gotten under control. The salmon run this year in the Fraser river, in British Columbia, is larger than ever before. Some of the small tributaries are so choked with fish that the boats are unable to cross. The run averages 900 to the boat. Many boats were swamped and one fisherman was drowned. One of the richest lead strikes ever made in the Galena region, was made a day or or two ago in an abandoned shaft. Frank T. Howard, brother of Miss Annie Howard, has announced that the marriage of Miss Howard to Mayor Carter H. Harrison of Chicago will take place in the latter part of September at the summer home of the Howards at Biloxi, the watering place of the gulf coast in southern part of Mississippi.