Citizens Bank (Ada, OH)

Episode Information

Episode UID
282375091123
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
28237509 hash
Start Date
July 18, 1893
Location
Ada, Ohio (40.769, -83.823)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e7e24b18a1ff1589

Response Measures

None

Description

Articles report the bank 'failed to open' (July 18) and an assignment/prosecution of owner (July 22).

Events (2)
1. July 18, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failed to open for business (owner Peter F. Ahlfield); no immediate statement of assets/liabilities available.
Newspaper Excerpt
The Citizens' bank of Ada, the most prominent one in Hardin county, failed to open its doors this morning.
Source
newspapers
2. July 22, 1893 Receivership
Newspaper Excerpt
The recent failure of the Citizens' Bank of Ada for a large amount will probably result in the prosecution of the bank people... Ahlfield has property enough to cover all the liabilities of the bank. ...the recent failure of the Citizens' Bank of Ada for a large amount will probably result in the prosecution of the bank people. Only a few hours previous to the assignment Ahlfield...gave mortgages to his sons and relatives covering all his property ... depositors propose to contest the legality of the transaction. Ahlfield has property enough to cover all the liabilities of the bank.
Source
newspapers

Newspaper Articles (17)
1. July 18, 1893 Asheville Daily Citizen Asheville, NC
Article from Asheville Daily Citizen, July 18, 1893

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CLOSED DOORS. Serious Times Among The Denver Banks. DENVER, Col., July 18.-The Union National bank, of which W. R. Woodbury is president, failed to open its doors this morning. Capital $100,000. No statement can be had. A run is now being made on the City National, German National, the First National, the Colorado National and all the eleven clearing house banks. The Commercial National bank and the National Bank of Commerce have closed their doors. FORT SCOTT, Kans, July 18.-The First National bank of this city, the oldest financial institution in south eastern Kansas, has suspended payment. TOLEDO, O., July 18.-The Citizens' bank of Ada, the most prominent one in Hardin county, failed to open its doors this morning. Its owner, Peter F. Ahlfield, has controlled it over a quarter of a century and is one of the wealthiest men in that section.

2. July 18, 1893 The Evening World New York, NY
Article from The Evening World, July 18, 1893

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PANIC ON IN DENVER. Four More Banks Close Their Doors To-Day. Runs Started on All the ClearingHouse Institutions. several Kansas Banks Go Down. with One in Ada. Ohio. DENVER, Col., July 18.-The Union National Bank, of which R. W. Woodbury is President, failed to open its doors this morning. The capital is $1,000,000. No statement can be had. A run is now being made on the City National, German National, First National. Colorado National and all the Clearing-House banks. The panic is on. LATER.-The Commercial National Bank has closed its doors. A notice says: "This bank has gone into liquidation by order of the Board of Directors." The National Bank of Commerce has also closed. Ex-Gov. Job A. Cooper is President of this bank. The Mercantile Bank. a private institution with a capital stock of $100,000, closed its doors at noon. The failure was caused by the failure of the Union National Bank, through which it cleared. C. C. Girda, the City Auditor, is President. W. F. Robinson formerly Treasurer of the Republican Publishing Company. one of the oldest and most respected individuals in the State, has been made assignee. President Woodbury is of the opinion that the Union National Bank will reopen and continue business as before. It is one of the oldest banks in Denver, and has always been regarded as one of its solid ones. The failure of the Chamberlin Investment Company a few days ago affected the Union National, the Company having become indebted to the bank about $50,000. The Commercial National Bank was in bad shape. It has a capital stock of $250,000. and only had $2,000 in cash in the bank. TOLEDO, July 18.-The Citizens' Bank of Ada, O., the most prominent one in Hardin County, failed to open its doors this morning. Its owner, Peter Ahifield, has controlled it for over a quarter of a century, and is one of the wealthiest men of that section. No statement of assets and liabilities, or the cause of failure, can be obtained. FORT SCOTT, Kan. July 18.-The First National Bank, of this city, the oldest financial institution in Southeastern Kansas, has suspended payment. TOPEKA. Kan., July 18.-State Bank Examiner Breidenthal this morning received notice of the failures of the Citizens' Bank, of Kansas City, Kan., of the Bank of Richmond and of the Farmers and Merchants' Bank. at Ossawattomie. The concerns all did a small business. Statements are unobtainable. The opinion is expressed that other institutions throughout the State will soon go under. The Denver bank failures reported above are in addition to the three reported in the same city yesterday, which were as follows: People's Savings Bank: assets, $1,125,667.55; liabilities, $966,996.88 Colora do Savings Bank: assets over liabilities, $73,063.62. Rocky Mountain Dime and Savings Bank: assets, $156,803.53; liabilities. $105, 654.32. The seriousness of the situation is quite evident from the collapse of all f these institutions.

3. July 18, 1893 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, July 18, 1893

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Failures. As a result of the recent Thornto: bank failure, Nancy M., W. N. and John D. Stewardson, extensive farmers and stock raisers of Shellbyville, Ills., have ,assigned to W. E. Walker. Liabilities about $30,000; asserts $25,000. The Bank of Anacortes, Washn., failed to-day. The First National Bank of Fort Scott, Kas., the oldest financial institution in southeastern Kansas, has suspended. The Citizens Bank of Ada, the most prominent one in Hardin county, Ohio, failed to open its doors this morning. The Union National Bank of Denver, Col., failed to open its doors this morning. The capital is $1,000,000, No statement can be had. The Commercial National Bank and the National Bank of Commerce have also assigned. A run is now being made on the City National, German National, First Na. tional, Colorado National and all the 11 clearing house banks in Denyer. The panic is on.

4. July 18, 1893 Evening Star Washington, DC
Article from Evening Star, July 18, 1893

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FAILED TO OPEN THEIR DOORS. Western Banks That Have Been Forced to the Wall. TOLEDO, OHIO, July 18.-The Citizens' Bank of Ada, the most prominent one in Hardin county, failed to open its doors this morning. Its owner, Peter Ahlfield, has controlled it for over a quarter of n century and is one of the wealthiest men of that section. No statement of assets and liabilities or the cause of failure can be obtained. FORT SCOTT, KAN., July 18.-The First National Bank of this city, the oldest financial institution in southeastern Kansas, has suspended payment. Excitement at Denver. DENVER. COL. July 18. - The Union National Bank, of which R. W. Woodbury is president. failed to open its doors this morning. The capital is $1.000,000. No statement can be had. A run is now being made on the City National, German National, First National, Colorado National and all the eleven clearing house banks. The panic is on. Assignment of a Dry Goods House. DENVER, COL.. July 18.-The McNamara Drv Goods Company, one of the largest houses in the west, was closed on attachments this morning. They will probably make a general assignment as soon as the courts open at 10 o'clock.

5. July 19, 1893 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, July 19, 1893

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Other Failures. FORT SCOTT. Kan.. July 18.-The First National bank. the oldest financial institution in this part of the state, has failed. TOLEDO, July 18.-The Citizens' bank of Ada. the most prominent in Hardin county failed this morning. No statement. DENVER. Colo., July 18.-The McNamara Dry Goods company, one of the largest houses in the West, was closed by attachment this morning. ARMOURDALE. Kan., July 18.-The Citizens bank suspended payment to-day. with assets of $151.500 and liabilities of $126,500. Among the heavy creditors is the county of Wyandotte. which had on deposit $40,000 of its own funds. DENVER. July 18.-Hyman & Co., proprietors of the Bee Hive store; McWhirter & Co., dealers in mantles and tiles; and

6. July 19, 1893 The Times Richmond, VA
Article from The Times, July 19, 1893

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stop?" A run was Immediately started on all the other banks, though to no great extent upon the People's National The National appears to be the soundest of all, they having over 60 per cent. of their deposits on hand, with a private fund of $1,500,000 in addition to draw upon making it impossible to close their doors. The Colorado National and several others are in equally PS good condition. The mob withdrawing their money are all small depositors, the large holders being satisfied to let the accounts remain in the bank. The banks are paying all demands, except on time certificates, they demanding that these remain until the expiration of time. As every bank is crowded, the clearing house is rendering no assistance, each institution being compelled to stand upon its own foundation. The Commercial National Bank closed its doors within a few minutes after the opening, because it was apparent from the size of the crowd in front of the bank that a run was to be inaugurated. A notice was posted on the door: "Closed for liquidation by order of the directors." The bank was in bad shape. It had a capital stock of $250,000 and only had $2,000 in cash in the bank. The Mercantile Bank, a private institution, with a capital stock of $100,000. closed its doors at noon. The failure was caused by the failure of the Union National Bank, through which it cleared. C. C. Girda, the city auditor, is prestdent. W. F. Robinson, formerly treasurer of the Republic Publishing Company, one of the oldest and most respected individuals in the State, has been made assignee. The News in Washington. WASHINGTON, July 18.-The news of the Denver Bank crash caused some surprise at the Comptroller's office, for it was believed there that the worst was over, and that national banking matters would soon resume their normal condition. The gold reserve took another downward tumble to-day, from $98,059,480 yesterday, to $98,672,852. The currency balance to-day was $26,118,160, against $26,117,918 yesterday. Other Failures. FORT SCOTT. KAN., July 18.-The First National Bank of this city, the oldest financial institution in Southeastern Kansas, has suspended payment. TOLEDO, O., July 18.-The Citizens' Bank of Ada, the most prominent one in Hardin county, failed to open its doors this morning. Its owner. Peter F. Ahlfield. has controlled it over a quarter of a century, and is one of the wealthiest men in that section. What Raleigh Citizens Think. RALEIGH, N. C., July 18.-The chamber of commerce of Raleigh, at a meeting held to-night, adopted the following resolutions: Resolved That in the opinion of this chamber, national banks should be permitted to take out circulation on deposit of good State bonds and on United States bonds to their par value, and the five per cent. redemption funds should be abolished and the tax on their circulation repealed. Resolved further, That the tax on State bank notes should be repealed. Resolved. further, That upon the adoption of such legislation as will provide adequate facilities for the increase of currency, we recommend a suspension of the law authorizing the purchase of silver bullion until such time as an international or new ratio may be established between gold and silver. Silver Coinage in India. LONDON July 18.-In the House of Commons to-day, Gladstone, in replying to questions asked upon the subject, denied that there was artificial restriction of coinage of silver in India. The Austrian system. he said, was analagous to the new Indian system of coinage. The quantity of silver coined in India would not be regulated by the convenience of the Government, but by the wants of the country.

7. July 19, 1893 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, July 19, 1893

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Telegraphic Tersities. The Commercial National Bank of Denver has closed its doors. The Citizens' Bank, of Ada. O., failed to open its doors yesterday morning. The First National Bank of Fort Scott. Kan., suspended payment yesterday. The Mobile (Ala.) Register Company has made an assignment. The publication of the paper will be continued. The Nashville, Chattanooga and St. Louis railroad has declared a dividend of 11/3 per cent. payable August 1st. The McNamara Dry Goods Company, Denver, Coi., one of the largest houses in the West, closed on attachment yesterday morning, General James T. Hotsclaw, of Montgomery. Ala., died yesterday afternoon aged 60 years. He was a brigadier in the Confederate army. The Canadian Pacific railway steamer Empress of India, from Vancouver, B. C., for the Orient, Monday. carried nearly a thousand tons of cotton. Chicco, the Charleston ex-liquor-dealer charged with violation of the South Carolina dispensary law. was bound over yes. terday on one of the warrants against him. The straightout Democratic ticket was elected in Jacksonville, Fla.. yesterday by scattering majorities. The Australianballot system worked well, and all the parties and factions are satisfied with it. Lloyd Aspinwall. the well-known New York club-man, who 18 being sued for separation by his wife, is confined in Yorkville prison for further examination in default of $5,000 bail on a charge of forgery. The arrest was made yesterday afternoon. Mrs. Mary Anna Kaufman, wife and of the late John Kaufman. Cinmade a cinnati, executrix O., personal assignment Monday evening. Liabilities, $100,000 assetstouch greater. She owns a large portion of the Kaufman brewery, which made an assignment last Friday. A seventeen-round contest for $500 between Jack Bolen, champion 126-pound pugilist of the West, and Mike Howley came off about fifteen miles below Wheeling. on the Ohio side of the Ohio river, at sunrise vesterdav morning. Every round wasterrific, and in theseventeenth. Howley failing to come up to the scratch, the fight was given to Bolen. Miss Maggie McCadden, a young lady living at Bond Station a little town on the Louisville and Nashville railroad, fifteen miles from Memphis, Tenn., was assaulted by a negro yesterday morning. A suspect was arrested some miles from the scene. and at last accounts was being taken to Bond Station for identification. A lynching was probable. M. Develle. French Minister of Foreign Affairs. said in reply to an interpellation in the Chamber of Deputies yesterday that the government disavowed any intention to interfere with Siamese independence, but at the same time intended to insist that the treaties between France and Siam be respected. The interference of a third power in the dispute would not be tolerated. Hon. W.C.P. Breckinridge, member of Congress from the Blue-Grass District of Kentucky. was married in Louisville yesterday atternoon to Mrs. Louise Scott Wing. The bride 18 the widow of Rumsey Wing. who died while serving his country as Minister to Ecuador, and is a daughter of who ago. Robert Scott. died years of her hus. She is about ten years the junior band and is known as a woman of great personal attractions.

8. July 19, 1893 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, July 19, 1893

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SEVERE RUN ON DENVER BANKS Several of Them Compelled to Close Their Doors. SMALL DEPOSITORS EXOILED And Entirely Responsible for the Condition of Affairs-The Worst Thought to Be Over. au Associated Press. Alter Denver, July 18.-No None was ever witnessed here before like that of this morning. shortly after the hour when the banks opened for business. The failure three savings banks yesterday had excited the masses, and at the hour of opening the streets were crowded with anxious depositors, The eleven clearing house banks, located within four blocks of each other, were surrounded, and far into the streets the crowd gathered until the police were called to clear a way for traffic. At 10 the Union National, with a capital of $1,000,000, posted a notice that they would not open their doors. This started a panic, and following quickly the Commercial National posted a similar notice, and then the National Bank of Commerce A run was immediately started on all the other banks, although to no great extent upon the Peoples' National. The First National appears in unexceptionable conditon, having over sixty per cent of its deposits on hand, with a private fund of a million and a half in addition to draw upon, making it impossible to close their doors. The Colorado National and several others are equally good. The mob wthdrawing money are all small depositors. The banks are paying all demands except time certificates, der manding that these remain until the expiration of their time. President J. A. Thatcher, of the clearing house, says: "I am confident today will see the worst of this, and that the people will come to their senses." Denver, July 18.-The Mercantile Bank, a private institution, with a capital of $100,000, failed at noon. The failure was caused by that of the Union National, through which it cleared. Denver, Col., July 18.-The Union National Bank has closed. It has a capital of a million dollars. No statement has been made as yet. A run is now being made on the City National, German National, First National, Colorado, National, and all of the eleven clearing house banks. A veritable panic is on. Denver, July 18-The Commercial National Bank has closed its doors. Denver, July 18.-The National Bank of Commerce has closed. Topeka, July 18.-State Bank Eyaminer Briedenthal this morning received notice of the failure of the Citizens' Bank at Kansas City, Kas., the Bank of Richmond and the Farmers' and Merchants' Bank of Ossawattomie. The concerns are all sma.1. No statements have been male. Other similar failures throughout the state are expected Fort Scott, Kan., July 18.-The First National Bank, the oldest financial institution in this part cf the State, has failed. Toledo, Ohio, July 18.-The Citizens' Bank of Ada, the mose prominent bank in Hardin county, failed this morning. No statement hss as yet been made.

9. July 19, 1893 New-York Tribune New York, NY
Article from New-York Tribune, July 19, 1893

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eastern Kansas. It had a capital stock of $300,000 fully paid in, and has always stood all runs. A run on the People's Savings Bank was started, but the thirty day law was taken advantage of, and the bank was saved from being swamped. Topeka, Kan., July 18.-State Bank Examiner Breidenthal this morning received notice of the fail. ures of the Citizens' Bank of Kansas City, Kan.; of the Bank of Richmond, and of the Farmers' and Merchants' Bank. at Ossawattomie. The concerns all did a small business. Statements are unobtainable. The opinion Is expressed that other institutions throughout the State will soon go under. Toledo, July 18.-The Citizens' Bank of Ada, the most prominent one in Hardin County, failed to open its doors this morning. Its owner, Peter Ablfield, has controlled it for over a quarter of a century, and is one of the wealthiest men of that section. No statement of assets and liabilities, or the cause of failure, can be obtained. Anacortes, Wash.. July 18.-The Bank of Anacortes failed to open its doors yesterday, owing to inability to realize on securities. The liabilities are $29,000 and the assets, $78,000. Depositors will be paid in full. Kansas City, July 18.-Although last night the bankers of Kansas City did not expect to get through to-day without trouble. none came: and the impresston prevails that to-day marked the beginning of the end of the recent financial flurry. There is evidence to-day that the people have stopped to think. It is a notable fact that no man who had money in the bank of Kansas City or the Missouri National has the slightest doubt of getting every cent of it. The banks in Kansas City which have failed are the National Bank of Kansas City. the Missouri National Bank. the Kansas City Safe Deposit and Savings Bank. and the Bank of Grand Avenue, the latter being a State bank. Armourdale, Kan July 18.-The Citizens' Bank sugpended payment to day with assets of $151.000 and liabilities of $126,500. State Bank Commissioner Breiden that took possession of the bank. Among the heavy creditors of the bank is the county of Wyandotto, which had on deposit some $40,000 of its funds.

10. July 20, 1893 Burlington Weekly Free Press Burlington, VT
Article from Burlington Weekly Free Press, July 20, 1893

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THE STOCK MARKET. Rumored Embarrassment of Certa in Railway Companies Depresses It. NEW YORK, July 18.-The heaviness of the stock market this morning was due to a rumor from London that a leading international house with branches in New York, Boston and Montreal was in trouble. It was said that Baron Hirsch had carried th firm over the last settlement. A canvas of the foreign banking houses here shows there is no truth in the story. So far as can be learned not a single firm of any consequence is in trouble. Another thing which added to the uneasiness was the rumored embarrassment of certain railway companies. Receiverships were talked of for half a dozen roads, the Union Pacific and Erio being the most frequently mentioned. The reports were denied in official circles, but the denials do not kill the rumora. Union Pacific as Yet Solvent. CHICAGO, July 18. .-A Tribune special from Omaha says: Regarding the rumors in Omaba yesterday that the Union Pacific would go into the hands of a receiver, General Manager Dickinson said: "This is not 80. We are in no worse shape than other Western roads and if the Union Pacific should go into the hands of a receiver, which I do not for a moment anticipate, it will have several associates in the same business. O her Prominent Banks Fail. FORT SCOTT, Kansas, July 18. - The First National bank of this city, the oldest financial institution in southeastern Kaneas. has suspended payment. TOLEDO, Ohio, July 18. - The Citizens bank of Ada, the most prominent bank in Hardin county, failed to open its doors this morning. TOPEKA, Kan., July 18. -Six Kansas State banks went down in the financial flurry yesterday. Secretary Morton Talks Repaal. NEW YORK, July 18. - -Hon J. Sterling Morton, secretary of agriculture, is a guest At the Holland House. Speaking of the business situation, Secretary Morton said: I think the chief remedy for the present dapressed condition of business is the repeal of the Sherman silver bill. I think also that much could be done toward the restoration Df confidence in business and monetary cirby the strictest economy in public expense.

11. July 21, 1893 The Clarksburg Telegram Clarksburg, WV
Article from The Clarksburg Telegram, July 21, 1893

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IT'S AWFUL. Leading Institutions of The West go Under. GLORIOUS DEMOCRATIC ADMINISTRATION. In no period of American history has there been such collapsing of what were supposed to be the strongest banks of the country. Nearly all the banks of the famous city of Denver, Colorado, closed their doors without a moment's warning on Tuesday. The great Union National was first to suspend. Its capital stock was over one million dollars. Next the Commercial National and a little låter the Bank of Commerce went under. Frantic mobs rushed wildly about crying "where will it stop." CALAMITIES STILL COME. DENVER, COL.. July 18.-The McNamara Dry Goods Company. one of the largest institutions of the kind here. failed this morning. The liabilities are placed at $260,000. TOLEDO, O., July 18. -The Citizens' Bank, of Ada, the most prominent one in Hardin county, failed to open its doors this morning. ARMOURDALE, KANSAS, July 18. -The Citizens' Bank suspended payment to-day with assets of $151,500 and liabilities of $126, 500. FT. SCOTT, KAS., July 18-The First National Bank, of this city failed to open for business this 1 morning. It had a capital stock of $800,000, fully paid in and has always stood all runs. TOPEKA, KAS., July 18.-The S State Bank Examiner this morning received notice of the failure of the Citizens' Bank, of Kansas N City, Kansas, of the Bank of 0 Richmond, and of the Farmers' and Merchants' Bank at Ossawate tomie. The opinion is expressed t that other institutions through. out the State will soon go under. 1 BOSTON, MASS., July 18.-The Amoskeag mills which will close for the month of August accordvary ing to a vote of its directors at (1) Manchester, N. H., employes 8,000 hands. It has a pay roll of may $225,000 per month and uses 6, 000,000 pounds of cotton per 1 week. Other mills are likely to follow suit. Amoskeag mills is the largest producer of manufactured goods in the world. All the above dispatches were from the news columns of Wednesdays's Wheeling Register.

12. July 22, 1893 Evening Star Washington, DC
Article from Evening Star, July 22, 1893

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Bank People to Be Prosecuted. LIMA, OHIO, July - The recent failure of the Citizens' Bank of Ada for a large amount will probably result in the prosecution of the bank people. Only a few hours previous to the assignment Ablfield, it is alleged, gave mortgages to his sons and relatives covering all his property, consisting of the bank building, three farms, his residence, &c. One of the mortgages was made to his son, only about fourteen years old, and the depositors propose to contest the legality of the transaction. Ahlfield has property enough to cover all the liabilities of the bank. WINNIPEG, MAN.. July 22.-A sensation was caused here vesterday when it became known that a warrant had been issued for the arrest of R. T. Rokeby, ex-manager of the branch of the defunct Commercial Bank in this city. Rokeby is missing and is supposed to have crossed the boundary into North Dakota. The charge against him is of having falsely represented the condition of the bank's affairs to the dominion receiver general. His shortage is about $50.000.

13. July 23, 1893 The Times Richmond, VA
Article from The Times, July 23, 1893

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First National Bank of Homestead today. A rumor gained currency yesterday that the bank would close. This aroused the Hungarians employed at the Carnegie Steel Works and other depositors who lacked confidence and a rush was made upon the bank. Anticipating the demand, the bank prepared to pay all claims, and remained open for this until a men late hour to-night. The business purpose of the town made large deposits, instead of withdrawing their money, having implicit confidence in the bank. About $100,000 in cash was paid out to-day. Additional funds to the amount of $58,000 were received by the bank this evening, while the business men added large amounts to maintain confidence. It is claimed that there is no further danger. No Run on the German-American MILWAUKEE, WIS., July 22.-A report sent out from this city to the effect that the German-American Bank had succumbed to a run was without foundation. The German-American is exceptionally sound. It has experienced no run whatever. It could not be better prepared to meet a run. False reports concerning it were due to the failure of another south-side bank. Another Iron Works Suspends. BELVIDERE, N. J., July 22.-Edward Lunkens, superintendent of the Oxford Iron and Nail Company, was instructed to close the rolling mills and iron mines belonging to that company, pending the settlement of the affairs by a receiver. The cause of the failure, as explained by the president, is dullness of the iron market and the financial stringency of the country. To-night the pumps are being removed from the mines, and the machinery is being dismantled by order of the directors. By the existing state of affairs 350 men are thrown out of employment, without any hope of relief. The liabilities are estimated at $225,000; assets, $150,000. Failure of Rail Mills. LOUISVILLE, KY., July 22.-The New Albany Rail Mills and Charles W. Depauw, of New Albany, assigned this afternoon. The rail mills' assets are placed at $400,000, with liabilities at $350.000. Mr. Depauw is a son of the late Dr. Depauw, who was at the time of his death the wealthiest man in this part of the country. C. W. Depauw is a millionaire, and has assets really in excess of liabilities. The amount involved is nearly $1,000,000. To Prosecute the Bank Officers. LIMA, O., July 22.-The recent failure of the Citizens' Bank of Ada for a large amount will probably result in the prosecution of the bank people. Only a few hours previous to the assignment Ahlfield, it is alleged, gave mortgages to his sons and relatives covering all his property, consisting of the bank building, three farms, his residence, etc. One of the mortgages was made to his son, only about fourteen years old, and the depositors propose to contest the legality of the transaction. Ahlfield has property enough to cover all the liabilities of the bank.

14. July 25, 1893 The Progressive Farmer Raleigh, Winston-Salem, Winston, NC
Article from The Progressive Farmer, July 25, 1893

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DENVER. Col., July 18-The Com mercial National Bank has closed its doors. The notice posted on it says: "This bank has gone into liquidation by order of the board of directors. The National Bank of Cammerce has closed its doors. Ex Governor Jeb A. Cooper is president of this bank. CINCINNATI, July 18 -Mrs. Mary Anna Kauffmann, wife and executrix of the late John Kauffman, made a personal assignment last evening Liabilities $100,200 She owns a large portion of the Kauffman brewery, which went in 0 assign ment last Friday. TOLEDO, 0, July 18.-Citizens' bank of Ada, the most prominent one in Hardin county, failed to open its doors this a. m. Its owner, Peter F. Ahlfield, has controlled it over a quarter of a century and is one of the wealthiest men of that section. FORT SCOTT, Kansas, July 18.-The First National bank of this city, the oldest financial institution in southeastern Kansas, has suspended payment. DENVER, Col., July 18.-The McNamara dry goods company, one of the largest houses in the west, was closed on attachments this morning. Philadelphia, July 18.-John Mc Connell, manufacturer of morocco, has failed. Liabilities, $200,000. INDIANAPOLIS, Ind., July 18.-Geo. Schoolfield, dealer in horses and mules, has made an assignment. Liabilities, $50,000. NEW YORK, July 18.-Wall street is again in an excited condition to day, and there are very declines caused by the reported embarrassment of a large London house. The market is in a panic. KANSAS CITY, July 17.-A special special from Topeka, Kansas, says: State Bank Examiner Breidenthal says, Hood & Kincaid's bank, at Pleasanton, Kansas, has failed, and is in the hands of Deputy State Bank Commissioner Osborne. The capital stock is $80,0.0 No statement is given. Breidenthal has information of a number of other bank failures in the State, but he declines to give the names until he has taken possession. STARKVILLE, Miss., July 15.-The First National bank closed its doors yesterday at the result of the financial stringency. It is believed that the depositors will be paid in full. The bank has a paid up capital of $50,000. ST. LOUIS, July 15.-Sheriff Stead has taken possession of the office and books of Milo T. Bogard, one of the largest real estate men in the city. Bogard is also heavily interested in many building and loan associations. RICHMOND, Va., July 15.-Spott & Spott, Jewelers, have assigned. Their liabilities ale $10,000; assets $17,000.

15. July 26, 1893 The Star Reynoldsville, PA
Article from The Star, July 26, 1893

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LATE TELEGRAPHIC JOTTINGS BOTH FROM HOME AND ABROAD. What is Going On the World Over. Important Events Briefly Chronicled. Financial and Commercial. ADA, O.-The Citizens' Bank the most prominent in Hardin county, has failed. MADISON, IND.-The Carrollton Woolen Mill Co., has assigned with liabilities of $7.000. The Nashville, Chattanooga and St. Louis Railway Company has declared a dividend of 11 per cent., payable August 1. The McNamara Dry Goods Company, of Chicago has suspended, It was among the largest houses of its kind in the West. POMONA, CAL-The People's Bank has re. opened with plenty of coin. Only 84 were drawn out the first hour, Deposits were liberal. PARKER, KAN.-The State Bank has failed. STERLIN, COL-The Bank of Sterlin has assigned. BOZEMAN, MONT-The Bozeman National Bank has closed. YATES CENTER, KAN.-The Woodson State Bank has'suspended. HUTCHINSON, KAS.-The Hutchinson National Bank has closed its doors. ASPEN, CoL-The J. B. Wheeler Banking Company and the Pioneer Bank have failed OKLAHOMA CiTY-The Bank of Oklahoma City and the Oklahoma National Bank have succumbed to runs and failed. FORT SCOTT, KAN.-The First National Bank the oldest financial institution in Southeastern Kansas suspended payment. ASHLAND, Kr.-The Second National Bank which suspended three weeks ago. resumed business Thursday. CHICAGO.-The Chemical National bank will not resume business. The reasons given are the stringency of the money marketand the inability of some stockholders to meet the assessments which would be levied upon them if the bank resumed. KANSAS CITY, KAN.-The Citizens bank, the Bank of Richmond and the Farmers and Merchants bank at Ossawattomie, also of Kansas, all private institutions, closed their doors. HARRISONVILLE, Mo.-The First National Bank of Harrisonville, suspended payment and is in the hands of the Comptroller of the Currency, NASHUA, N. H.-The Security Trust Company closed its doors. It promises to pay depositors in full. ANTHONY, KAs.-The First National Bank and the First National Bank of Canso City, Col., have suspended. THE Bank of Bellville, Republic county, Kan., a private institution with $20,000 capital, has failed. NATIONAL bank examiners have recommended to the Comptroller that the First National Ban of San Bernardino, Cal., which recently failed, be allowed to reopen at once, its affairs being in good condition. NEW YORK-Charles M. Preston, state bank examiner, reports the banks of this state to be in a good condition. generally and be anticipates no failures,

16. July 27, 1893 The Middleburgh Post Middleburg, PA
Article from The Middleburgh Post, July 27, 1893

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Financial and Commercial. ADA, O.-The Citizens' Bank the most prominent in Hardin county, has failed. MADISON. Isp.-The Carrollton Woolen Mill Co., has assigned with liabilities of $7.000. The Nashville, Chattanooga and St. Louis Railway Company has declared a dividend of 14 per cent., payable August 1. The McNamara Dry Goods Company, of Chicago has suspended. It was among the largest houses of its kind in the West. POMONA, CAL-The People's Bank has re. opened with plenty of coin. Only #4 were drawn out the first hour, Deposits were liberal. PARKER, KAN.-The State Bank has failed. STERLIN, CoL-The Bank of Sterlin has assigned. BUZEMAN, Mosr -The Bozeman National Bank has closed. YATES CENTER, KAN.-The Woodson State Bank has'suspended. HUTCHINSON, KAN.-The Hutchinson National Bank has closed its doors. ASPEN. CoL-The J. B. Wheeler Banking Company and the Pioneer Bank have failed OKLAHOMA City-The Bank of Oklahoma City and the Oklahoma National Bank have succumbed to runs and failed. FORT SCOTT, KAN.-The First National Bank the oldest financial institution in Southeastern Kansas suspended payment. ASHLAND, KY.-The Second National Bank which suspended three weeks ago. resumed business Thursday. CHICAGO.-The Chemical National bank will not resume business. The reasons given are the stringency of the money marketand the inability of some stockholders to meet the assessments which would be levied up. on them if the bank resumed. KANSAS CITY, KAN.-The Citizens bank, the Bank of Richmond and the Farmers and Merchants bank at Ossawattomie, also of Kansas, all private institutions, closed their doors. HAREISONVILLE, Mo.-The First National Bank of Harrisonville, suspended payment and is in the hands of the Comptroller of the Currency, NASHUA, N. H.-The Security Trust Comrany closed its doors. It promises to pay depositors in full. ANTHONY. KAS.-The First National Bank and the First National Bank of Calago City, Col., have suspended. THE Bank of Bellville, Republic county, Kan., a private institution with $20,000 capital, has failed. NATIONAL bank examiners have recommended to the Comptroller that the First National Ban 1 of San Bernardino, Cal., which recently failed. be allowed to reopen at once, its affairs being in good condition. New YORK-Charles M. Preston, state bank examiner, reports the banks of this state to be in a good condition generally and be anticipates no failures.

17. July 28, 1893 The Great West Saint Paul, MN
Article from The Great West, July 28, 1893

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Merchants Exchange and Second ward banks, but around hoon the excitement had in a measure subsided, and a general feeling of confidence in the AP WE GUARANTEE A security of those places of deposit prevailed. Tne city. however, was full and invite the REMEMBER of wild rumors, impossible to verify and probably for the most part withcareful investigation as to our responsibility and the merits of our Tablets. out foundation. Up to 1 o'clock, with the exception of a small soap manHILL'S The ufacturer, no new failures had been reported. At 11 o'clock notice was Th D OUR TESTI MONIALS posted on the doors of the Merchants Exchange, on which there had been Ha Double Chloride of Gold Tablets a heavy run: Jai Vill c ompletely destroy the desire *TOBACCO in from 3 to5 days. Perfectly harm"Tue undersigned directors of the Merchants Exchange bank are perless; cause no sickness, and may be given in a cup of tea or coffee without the knowlH. edge of the patient, who will voluntarily stop smoking or chewing in a few days. sonallv responsible for moneys deposited in this bank. J. RUDOLPH NUNNEMACHER. can be cured at home, and withDR UNKENNESS and ... "[Signed.] MORPHINE HABIT C. out any effort on the part of REID VOGEL, JR. A.' the patient, by the use of our SPECIAL FORMULA GOLD CURE TABLETS. JULIUS COLT. Du ring treatment patients are allowed the free use of Liquor or MorCha CHARLES F. PFISTER. ph ine until such time as they shall voluntarily give them up. J. We send particulars and pamphlet of testimonials free, and shall FRANK J. KIPP." be glad to place sufferers from any of these habits in communicaTestimonials EASILY. FEW A. tio n with persons who have been cured by the use of our TABLETS. This had a quieting effect and by means of a few policemen the crowd E. from persons HILL'S TABLETS are for sale by all FIRST-CLASS dru was considerably lessened: ggists at 1.00 per package. R. who have been If your druggist does not keep them, enclose us 1.00 The statement on the doors of the Milwaukee National was simply: L and we will send you, by return mail, a package of our Tablets. cured by the use of "By order of the board of directors this bank is closed." The Write your name and address plainly, and state The air is full of rumors of failures and impending failures in mercanHe wh ether Tablets are for Tobacco, Morphine or Liq uor Habit. tile circles, but up to noon no suspensions had occurred. [And ,vet the lyA. Hill's Tablets. DO NOT BE "DECEIVED into purchasing ing paper heads the article with "Ends the Milwaukee Trouble."] Her THE OHIO CHEMICAL Co.: any of the various nostrums that are being President Trumpff, of the South Side Savings bank, says depositors Lou off ered for sale. Ask for HILL'S DEAR SIR:-I have been using your ABLETS and take no other. cure for tobacco habit, and found it would had been making very large withdrawals during the past month, while A. do what you claim for it. I used ten cents Manufactured only by collections have been small and deposits light. The officials and directors Set worth of the strongest chewing tobacco a day, THE and from one to five cigars; or I would smoke decided that they could not do business long under the circumstances and A. from ten to forty pipes of tobacco. Have chewed concluded that in the interests of their patrons and themselves, it would A. ( and smoked for twenty-five years, and two packages of your Tablets cured me so I have no desire for it. be better to suspend without further delay. While they hope to be able to M. OHIO CHEMICAL CO., B. M. JAYLORD, Leslie, Mich. resume after the storm has blown over they are not able to state anyJ. S 51, 53 & 55 Opera Block, DOBBS FERRY, N. Y. thing definite. The trouble which has culminated in the suspension of the Ric THE OHIO CHEMICAL Co.:-GENTLEMEN:-Some time ago I sent LIMA, OHIO. for $1.00 worth of your Tablets for Tobacco Habit. I received bank was the inevitable result of the present depressed and uneasy condiWn them all right and, although I was both a heavy smoker and chewer, tion of financial affairs. PARTICULARS they did the work in less than three days. I am cured. A. Truly yours, MATHEW JOHNSON, P. O. Box 45. MILWAUKEE, Wis., July 22.-Bernard and Jacob Gross, comprising the Car PITTSBURGH, PA. FREE. firm of Gross Bros., soap manufacturers, have confessed judgment in the The THE OHIO CHEMICAL Co.:-GENTLEMEN:-It gives me pleasure to speak a sum of $21,014.30. on a note made April 30, 1892, and May 18, 1892, in word of praise for your Tablets. My son was strongly addicted to the use of O. liquor, and through a friend, I was led to try your Tablets. He was a heavy and .: favor of Leopold Gross. D. constant drinker, but after using your Tablets but three days he quit drinking, LOUISVILLE, July 22.-The Kentucky National bank. of this city, and will not touch liquor of any kind. I have waited four month before writing Ed Yours truly, you, in order to know the cure was permanent. closed its doors this morning. The capital stock is $1,000,000, paid up. MRS. HELEN MORRISON. T This bank is also a government depository and its last statement showed CINCINNATI, OHIO. THE OHIO CHEMICAL CO:-GENTLEMEN:-Your Tablets have performed a miracle in my case. eve $190,000 to the credit of the government. The loans and discounts outI have used morphine, hypodermically, for seven years, and have been cured by the use of standing amounted to $1,119.966.50 and the surplus was $108,500. W. L. LOTEGAY. two packages of your Tablets, and without any effort on my part. you Address all Orders to VERNON, Tex., July 22.-The State National bank of Vernon closed its doors yesterday. Every cent on hand was paid out. except 10 cents, beRESPONSIBLE Co AGENTS WANTED fore the doors were closed. The failure is due to the impossibility to realTHE OHIO CHEMICAL CO., UID 51, 53 and 55 Opera Block. LIMA, OHIO. ize on securities. The directors state that depositors will be paid in full. on (In writing please mention this paper.) Lima, Ohio, July 22.-The recent failure of the Citizens' bank of Ada of F for a large amount will probably result in the prosecution of the bank people. Only a few hours previous to the assignment Ahlfield, the owner, gave mortgages to his sons and relatives covering all his property, conHot sisting of the bank building, three farms, his residence, etc. One of the EDITOR GREAT WEST: mortgages was made to his son only about 14 years of age and the deThe Ebb and Flood---But it never Ebbs. We wish you success in your effort positors propose to contest the legality of the transaction. Ahlfield had and laborer to a point of intelligence suf property enough to cover all the liabilities of the bank. Among the deests and save them from the greed of g Marietta, July 23, 1893. positors was a young man from South Dakota. He had toiled on a farm eaters. Your faith, hope and charity m EDITOR GREAT WEST: until he had saved up several hundred dollars, which he had brought with very shrewd, sharp foe, and a very slow, Enclosed find postal note for one dollar to renew subscription. Can't him to pay his expenses while at school. He is left without a dollar, and deal with. Success! keep house without it. in debt, 1,200 miles from home. W. W. Crooks had $6,000 of school funds I have been reading the Representative. It appears to me that Donin the bank, and Prof. Leor about $1,200. Every firm in Ada but three nelly's own articles confirm his own treachery to the people. Bro. Prettyman has two splendid lett was caught for sums of different amounts, and it is alleged, all are inclinIt is passing strange that an honest man should be continually beset ed to prosecute Ahlfield. "down in the pile," before long. Short, s) with offers of bribery as he claims to be, if he is not a marketable comLOUISVILLE, Ky., July 22.-The Kentucky National bank, capital $1,one side of paper, count best. We do n modity. The people are getting sick of hearing his repeated charges 000,000, has suspended payment. There is no excitement and all others The long letters are often the best-bu against Dr. Fish, without producing a single word of proof. Let him proare regarded all right. them !-and the editors can't look them ( duce his proof or shut up. Any vagabond can make such charges. RUSSELL, Kan., July 22.-The First National bank of this place closed How does it happen that you have over-looked his letter to you of this morning and was taken possession of by C. M. Sawyer on order of Oct. 19 last, as published in the Rep. of May 10th, in which he threatens A correspondent asks if Gen. Weaver the comptroller of currency. No statement is made. to join the democrats and send Owen to the U. S. Senate to punish you? sign his name. Gen. Weaver was a gener And yet the "Clouds are all passed by" on all the editorial pages-and M. L. SNOW. "business will speedily resume!" Ananias was a cherub compared with a St. modern daily paper. Doc.. keep right on with mv naner Bro Brown of Witoka our for the