3042. First National Bank (Le Mars, IA)

Bank Information

Episode Type
Run โ†’ Suspension โ†’ Reopening
Bank Type
national
Bank ID
2728
Charter Number
2728
Start Date
August 18, 1893
Location
Le Mars, Iowa (42.794, -96.166)

Metadata

Model
gpt-5-mini
Short Digest
a665c37843d3ffa5

Response Measures

Public signal of financial health, Full suspension, Books examined

Receivership Details

Date receivership started
1933-10-31
Date receivership terminated
1934-08-27
Share of assets assessed as good
100.0%

Description

Multiple articles report heavy withdrawals and depositors thronging banks in Le Mars leading the First National (and three other banks) to close on Aug 18, 1893; national bank examiners took charge and the First National was permitted to reopen in mid-September 1893 (reports dated Sept 11โ€“13). Cause classified as macro/systemic panic tied to heavy withdrawals during the 1893 banking crisis.

Events (7)

1. June 10, 1882 Chartered
Source
historical_nic
2. August 18, 1893 Run
Cause
Macro News
Cause Details
Sustained large withdrawals over preceding months (reports cite ~$500,000 withdrawn over six months) and depositor panic during the wider 1893 banking troubles.
Measures
Posted notice promising depositors will be paid in full; bank examiners/officials were expected to examine; examiner took charge of First National.
Newspaper Excerpt
owing to the constant withdrawal of deposits this bank is closed by order of the directors; all depositors will be paid in full.
Source
newspapers
3. August 18, 1893 Suspension
Cause
Macro News
Cause Details
Banks suspended because they were unable to obtain cash to meet continual withdrawals; assets reportedly exceed liabilities but collateral could not be quickly realized.
Newspaper Excerpt
The four banks of Le Mars did not open for business this morning. On the door of each was posted a notice that 'owing to the constant withdrawal of deposits this bank is closed by order of the directors.'
Source
newspapers
4. September 11, 1893 Reopening
Newspaper Excerpt
The First national bank of Le Mars, Iowa, have been permitted to reopen their doors for business.
Source
newspapers
5. October 31, 1933 Receivership
Source
historical_nic
6. August 27, 1934 Restored To Solvency
Source
historical_nic
7. September 27, 1934 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (20)

Article from The Herald, August 19, 1893

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SURPRISED THE TOWN. The Four Banks at Lemars, Ia., Temporarily Suspended. LEMARS, Ia.. Aug. 18.-The. four banks of Lemars did not open for business this morning. On the door of each was posted a notice that "owing to the constant withdrawal of deposits this bank is closed by order of the directors; all depositors will be paid in full." The Lemars National bank informed the other banks last night that it would be unable to open this morning, and as a means of self protection the other closed. The assets of all the banks are far in excess of the liabilities. The Lemars National is the oldest bank in the city and has a capital of $100,000, with $20,000 surplus. The others are First National. capital $100,000; the German American savings, $50,000 capital; German State bank,? $50,000. All have surplus accounts and have been ranked among the best institutions in the state. They closed because of the impossibility of getting cash. All are in good condition for ordinary times, but the withdrawale of cash have been steady and collaterals could not be realized on. The action of the banks was a complete surprise and caueed a panic in town. The officers of the banks say they will pay every dollar when they can liquidate advantageously. Bank examiners are expected in a day or 80 and the banks all expect to resume business again.


Article from The Daily Morning Astorian, August 19, 1893

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FOUR SOLID BANKS GONE. Le Mars, Iowa, Aug. 18.-Four banks at this place failed to open their doors this morning. They are the First National, with a capital of $100,000, the Le Mars National with the same cap. ital, the German American Savings Bank, with $50,000 capital and the German State Bank, with $50,000. All have large surplus accounts and have been ranked among the best institutions in the state. They closed because of -the impossibility of getting cash. All were in good condition for ordinary times, but withdrawals of cash had been steady and collaterals could not be realized on. The action of the banks was a complete surprise and has caused a panic in town. The officers of the banks say that they will pay every dollar when they can liquidate advantageously.


Article from New-York Tribune, August 19, 1893

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COULD NOT REALIZE ON THEIR ASSETS. SUSPENSION OF THE FOUR BANKS OF LEMAR. IOWA-OTHER BANK TROUBLES. St. Louis, Aug. 18.-A dispatch from Lemar. Iowa, says: The four banks at this place failed to open their doors this morning. They are the First National. capital $100,000; Lemar National, same capital; German-American Savings, $50,000 capital and German State Bank. $50,000. Each has a large sur plus of accounts, and the four have been ranked among the best institutions in the State. They closed because of the impossibility of getting cash. All were in good condition for ordinary times, but withdrawals of cash had been steady and collaterals could not be realized on. The action of the banks was a surprise. and has caused a panic in the town. Officers of the banks say they will pay every dollar when they can liquidate advantageously. Aurora. III., Aug. 18.-The Kendall County Bank. a private concern owned by M. R. Cornell at Yorkville, III., closed its doors yesterday. owing to Inability to realize on assets. The assets are placed at $70,000 and the Habilities at $65,000. Washington, Aug. 18.-Controller Eckels WaS to day informed that the People's National Bank of Winston, N. C., capital $100,000, had suspended.


Article from Rock Island Daily Argus, August 19, 1893

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BOTH BANKS ARE CLOSED, Although the Assets Will More Than Pay Liabilities. LE MARS, Ia., Aug. 19.-Le Mars was surprised by the suspension of all the banks in the city. They were the First National and Le Mars National, with a capital of $100,000 each. Notices were posted on the doors that the suspensions are due to inability to realize on assets, but that all the depositors will be paid. At a meeting of the bankers of the city it was decided not to open. During the past three months over $500,000 have been withdrawn from the banks by depositors and the banks decided that they could not stand the strain any longer. The Le Mars National bank, the oldest bank in the city, notified the other bank that they could not open and as a means of self-protection the other bank dediced to close. The Le Mars National has paid out over $200,000 on deposits during the past three mouths. The assets of the banks are far in excess of the liabilities.


Article from St. Paul Daily Globe, August 19, 1893

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EVERYTHING TIED UP. The Four Banks of Lemars Go Down Together. SIOUX CITY. In., Aug. 18.-The city of Lemars. the county seat of Plymouth county, occupied a decidedly peculiar situation commercially today, and presented the unique spectacle of a community of about 5,000 people without a single banking house doing business. Until this morning each day at 9 o'clock saw the blinds of four presumably sound institutions go up, but today they did not rise. Between the blinds and door pane of each bank was this notice: "Owing to the continual withdrawal of deposits, this bank has been closed by order of the directors. Depositors will be paid in full." The matter was at first regarded as a concerted joke on the part of the bank clerks, but when the cashier showed up. and in answer to questions merely pointed to the cards on the doors, there was something like a panic. Depositors thronged the streets in front of the several banks. In some cases small depositers, ignorant of business exigencies, became demonstrative, and had to be kept in check by the more level-headed among the people. Yet to the business men the action of the banks was an uncomfortable surprise. The houses control a large ount of English capital, and were thought to be as strong as any in the state, and it is still thought the tie-up may be only temporary. The Lemars National bank appears to have been the first to go to the wall. Late last night Cashier MacLagan notified the other banks that be would not open the doors in the morning. The others, being in no condition to stand a run. followed suit. MacLagan states that $500,000 of deposits have been withdrawn within the past six months. This bank has a capital of $100,000. with a $20,000 surplus. The other banks were the First National. with $100,000 capital, $50,000 surplus: the State Bank of Lemars, with a capital of $50,000, and the GermanAmerican Saviugs bank, with a capital of $50,000. The state bank examiner for the district IS 1 now in Denver, and, until his return, no statement will be made by the two state banks. An attempt was made to secure a statement from the national banks, but nothing more definite than that they would easily pay out could be obtained. The business men are generally disposed to think this true, but will be seriously embarrassed in the meantime. Small depositors are still very much excited. the aggregate savings of the whole city being tied up indefinitely. According to their last statement the banks' assets are largely in the form of real estate and farm securities, which, though safe, will be slow of realization. Several Sioux City capitalists, who had scattered their deposits among smaller towas, were caught in the crash.


Article from Omaha Daily Bee, August 20, 1893

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LEMARS DEPOSITORS EXCITED. Business Men Much Surprised at the Sus pensions-Means Serious Embarrassment, LEMARS. Ia., Aug. 19.-Depositors thronged the streets in front of the closed banks all day yesterday. In some cases small depositors, ignorant of the business exig encies, became demonstrative and had to be kept in check by the more level headed people. To the business men the action of the banks was a surprise. The houses control a large amount of English capital and were thought to be as strong as any in the state, and it is still thought the tie-up may only be temporary. The Lemars National bank appears to have been the first to go to the wall. Thursday night Cashier McLagan told the other banks he would not open the bank in the morning. The other banks being in no condition to stand a run, followed suit. McLagan stated that $500,000 of deposits had been withdrawn in the past six months. This bank had a capital of $100,000. with $10,000 surplus. The other banks were the First National with $100,000, $50,000 surplus; the State Bank of Lemars with a capital of $50,000, and the German Savings bank with $50,000. Until the state bank examiner for the district returns no statement will be made by the two state banks. An attempt was made to secure a statement from the National bank, but nothing more definite was got from them than that they would easily pay out when currency could be obtained. The business men are generally disposed to think this true, but will be seriously embarrassed in the meantime. Small depositors are still very much excited. According to the last statement, the bank's assets are largely in the form of real estate and farm securities. Several Sioux City capitalists, who have scattered their deposits among the smaller towns, were caught. State Bank Examiner Miller arrived this morning and proceeded to examine the state banks. It will probably take him till Monday to finish. Merchants are accepting checks on the banks in trade, and grain and stock men have made arrangements for cash to conduct their business. Bank Examiner McHugh took charge of the First National bank this morning and tonight said the bank is solvent, and he sees no reason why it should not resume in a few days.


Article from The State Republican, August 24, 1893

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e waukee & St. Paul railroad near Dubuque, In., twelve persons were injured THE death of John Logan Chipman, member of congress from the First dis triet of Michigan Becaused at his Holite in Detroit, aged 63 years. THE Nebraska democrats will hold their convention at Lincoln October 4. IN a fit of anger Cyrus Brown, of Cincinnati, shot and killed his wife, to whom he had been married thirty years. VIRGINIA democrats in convention at Richmond nominated Charles T. 'Ferrall for Moverner and R. G. Kent for lieutenant governor. THE four banks in Le Mars, Ia., suspended. They were the First national and Le Mars national, with a capital of $100,000 each, and the Le Mars state and German savings banks. DINNEING Mater from all impure well caused the death of three children of J. L. Casey, of Little Rock, Ark., and the rest of the family were seriously ill. A TRACTION engine near Martin's Ferry, O., became unmanageable and ran backward down n kill. killing CarH8 and Nellie aged di and 11 years, respectively, and fatally injuring Ella, King. A FIRE at Benton, III.; destroyed the city hall, post office and the Chronicle office. J. S. JOHNSON made 3 miles in 7:.5% in a bicycle race at Minneapolis, lowering the record 15 1/4 seconds. BUSINESS has been resumed by the First national bank of Anthony, Kan., which suspended payment in July. A MOB near Morganfield, Ky., lynched Charles Watson, a negro who cut the throat of little Sam Keith, 10 years old, to secure four dollars. WILLIAM J. JAMISON (colored), who murdered Supervisor Charles N. Aaron April 19, 1892, was hanged at Quincy, III. This was the third hanging in Quincy in sixty-five years. WITHIN ten days twenty members of the Meacham gang have been killed near Jackson, Ala., and five others were suffouided, but escaped BY the upsetting of a boat Mrs. Foster, her two children and her sister were drowned at Bonnot's mill, 12 miles east of Jefferson City, Mo: NEAR Fort Smith, Ark., Charles Tart, a federal prisoner, was lynched by a mob for wounding Capt. C. C: Peete with a gun during a struggle. DOUGLASS CURTIS, of Chicago, as the result of a long spree, killed his child, fatally wounded his wife, and then took his own life. MRS. ANNA E. SCHOLTKA. after forty years of married life, brought suit at Milwaukee for divorce from Christian Scholtka on the charge of cruelty. The couple have nineteen children. BUSINESS was resumed by the Union and People's national banks at Denver. Col., afte. a short suspension. NEAR Hunnewell, Kan., four haymakers were killed in a collision with a company of soldiers who were clearing the Cherokee strip of intruders. A MOB lynched Monroe Smith (colored) for an attempted assault at Old Spring Hill, Ala. FIRE destroyed a large portion of the town of Dickson, Tenn.


Article from The Worthington Advance, August 24, 1893

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A CONVENTION of the Pan-American Bimetallis association will be held in St. Louis on October 3 next. A CYCLONE near Humboldt, Neb., did great damage and Mrs. G. Schultz and her son were fatally injured and horses and cattle were killed. THE Union national bank at Racine and the banks at River Falls and Ellsworth, in Wisconsin, closed their doors. The private bank of Levi Hall at Oswego, III., and the Cardington Banking company at Cardington, O., also suspended. A BLAZE in St. Paul did $100,000 damage to the music house of W. J. Dyer & Bro. and Michael Clenan, a fireman, was killed. INTERPRETER YOSHIKAWA and Commissioner Minano, Japanese representing their government at the world's fair, have been converted to Christianity. THE impeachment of President Cleveland and Secretary Carlisle is demanded by the Advocate, the organ at Topeka of the Kansas populists, for failure to purchase the prescribed quantity of silver in July. THREE cars were dropped 60 feet by the giving way of a bridge near Milton, Va., and seven persons were killed and four injured. THE First national bank at Dubuque, Ia., the bank at Albany, Mo., and the Kendall county bank at Yorkville, III., closed their doors. MARTIN SCHULTZ and -his wife, an aged couple living near Cherokee, Ia., were murdered and their home ransacked by robbers. THE doors of the National bank of commerce at Denver, Col., have reopened for business. IN Cincinnati the Standard Wagon company, one of the largest concerns of the kind in the west, failed for $700,000; assets, $1,200,000. By a collision on the Chicago, Milwaukee & St. Paul railroad near Dubuque, Ia., twelve persons were injured THE death of John Logan Chipman, member of congress from the First district of Michigan, occurred at his home in Detroit, aged 63 years. THE Nebraska democrats will hold their convention at Lincoln October 4. IN a fit of anger Cyrus Brown, of Cincinnati, shot and killed his wife, to whom he had been married thirty years. VIRGINIA democrats in convention at Richmond nominated Charles T. O'Ferrall for governor and R. C. Kent for lieutenant governor. THE four banks in Le Mars, Ia., suspended. They were the First national and Le Mars national, with a capital of $100,000 each, and the Le Mars state and German savings banks. DRINKING water from an impure well caused the death of three children of J. L. Casey, of Little Rock, Ark., and the rest of the family were seriously ill, A TRACTION engine near Martin's Ferry, o., became unmanageable and ran backward down a hill, killing Carrie and Nellie Ackerman, aged 5 and 11 years, respectively, and fatally injuring Ella King. A FIRE at Benton, III., destroyed the city hall, post office and the Chronicle office. J. S. JOHNSON made 3 miles in 7:55% in a bicycle race at Minneapolis, lowering the record 15 1/4 seconds. BUSINESS has been resumed by the First national bank of Anthony, Kan., which suspended payment in July. A MOB wear Morganfield, Ky., lynched Charles Watson, a negro who cut the throat of little Sam Keith, 10 years old, to secure four dollars. WILLIAM J. JAMISON (colored), who murdered Supervisor Charles N. Aaron April 19, 1892, was hanged at Quincy, III. This was the third hanging in Quincy in sixty-five years. WITHIN ten days twenty members of the Meacham gang have been killed near Jackson, Ala., and five others were surrounded, but escaped.


Article from River Falls Journal, August 24, 1893

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INTERPRETER Yoshikawa and Com missioner Minano, Japanese represent ing their government at the world's fair, have been converted to Christianity. THE impeachment of President Cleveland and Secretary Carlisle is demanded by the Advocate, the organ at Topeka of the Kansas populists, for failure to purchase the prescribed quantity of silver in July. THREE cars were dropped 60 feet by the giving way of a bridge near Milton, Va., and seven persons were killed and four injured. THE First national bank at Dubuque, Ia., the bank at Albany, Mo., and the Kendall county bank at Yorkville, III., closed their doors. MARTIN SCHULTZ and his wife, an aged couple living near Cherokee, Ia., were murdered and their home ransacked by robbers. IN Cincinnati the Standard Wagon company, one of the largest concerns of the kind in the west, failed for $700,000; assets, $1,200,000. By a collision on the Chicago, Milwaukee & St. Paul railroad near Dubuque, Ia., twelve persons were injured THE death of John Logan Chipman, member of congress from the First district of Michigan, occurred at his home in Detroit, aged 63 years. THE Nebraska democrats will hold their convention at Lincoln October 4. IN a fit of anger Cyrus Brow n, of Cincinnati, shot and killed his wife, to whom he had been married thirty years. VIRGINIA democrats in convention at Richmond nominated Charles T. O'Ferrall for governor and R. C. Kent for lieutenant governor. THE four banks in Le Mars, Ia., suspended. They were the First national and Le Mars national, with a capital of $100,000 each, and the Le Mars state and German savings banks. DRINKING water from an impure well caused the death of three children of J. L. Casey, of Little Rock, Ark., and the rest of the family were seriously ill. A TRACTION engine near Martin's Ferry, O., became unmanageable and ran backward down a hill, killing Carrie and Nellie Ackerman, aged 5 and 11 years, respectively, and fatally injuring Ella King. A FIRE at Benton, III., destroyed the city hall, post office and the Chronicle office. J. S. JOHNSON made 3 miles in 7:55% in a bicycle race at Minneapolis, lowering the record 15 1/4 seconds. BUSINESS has been resumed by the First national bank of Anthony, Kan., which suspended payment in July. A MOB near Morganfield, Ky., lynched Charles Watson, a negro who cut the throat of little Sam Keith, 10 years old, to secure four dollars. WILLIAM J. JAMISON (colored), who murdered Supervisor Charles N. Aaron April 19, 1892, was hanged at Quincy, III. This was the third hanging in Quincy in sixty-five years. WITHIN ten days twenty members of the Meachain gang have been killed near Jackson Ala., and five others were surrounded, but escaped. BY the upsetting of a boat Mrs. Foster, her two children and her sister weredrowned at Bonnot's mill, 12 miles east of Jefferson City, Mo. NEAR Fort Smith, Ark., Charles Tart, a federal prisoner, was lynched by a mob for wounding Capt. C. C. Peete with a gun during a struggle. DOUGLASS CURTIS, of Chicago, as the result of a long spree, killed his child, fatally wounded his wife, and then took his own life. MRS. Anna E. SCHOLTKA, after forty years of married life, brought suit at Milwaukee for divorce from Christian Scholtka on the charge of cruelty. The couple have nineteen children. BUSINESS was resumed by the Union and People's national banks at Denver, Col., after a short suspension. NEAR Hunnewell, Kan., four haymakers were killed in a eollision with a company of soldiers who were clearing the Cherokee strip of intruders. A MOB lynched Monroe Smith(colored) for an attempted assault at Old Spring Hill, Ala. FIRE destroyed a large portion of the town of Dickson, Tenn.


Article from The Cape Girardeau Democrat, August 26, 1893

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ing their government at the world's fair, have been converted to Christianity. THE impeachment of President Cleveland and Secretary Carlisle is demanded by the Advocate, the organ at To peka of the Kansas populists. for failure to purchase the prescribed quantity of silver in July. THREE cars were dropped 60 feet by the giving May of a bridge near Milton, Va., and seven persons were killed and four injured. THE First national bank at Dubuque, I Ia., the bank at Albany. Mo., and the Kendall county bank at Yorkville, III., I closed their doors. e MARTIN SCHULTZ and his wife, an aged couple living near Cherokee, Fa., were murdered and their home ransacked by robbers. THE doors of the National bank of commerce at Denver, Col., have re opened for business. is Cincinnati the Standard Wagon company, one of the largest concerns of the kind in the west, failed for $700,000; assets, $1,200,000. Br a collision on the Chicago, Milwaukee & St. Paul railroad near Dubuque, Ia., twelve persons were injured THE death of John Logan Chipman, member of congress from the First dis triet of Michigan, occurred at his home in Detroit, aged 63 years. THE Nebraska democrats will hold their convention at Lincoln October 4. IN a fit of anger Cyrus Brown, of Cincinnati, shot and killed his wife, to whom he had been married thirty years. VIRGINIA democrats in convention at Richmond nominated Charles T. O'Ferrall for governor and R. C. Kent for lieutenant governor. THE four banks in Le Mars, Ia., suspended. They were the First national and Le Mars national, with a capital of $100,000 each, and the Le Mars state and German savings banks. DRINKING water from an impure well caused the death of three children of J. L. Casey, of Little Rock, Ark., and the rest of the family were seriously ill. A TRACTION engine near Martin's Ferry. O., became unmanageable and ran backward down a hill, killing Carrie and Nellie Ackerman, aged 5 and 11 years, respectively, and fatally injuring Ella King. A FIRE at Benton, Ill., destroyed the city hall, post office and the Chronicle office. J. S. JOHNSON made 3 miles in 7:53/4 in a bicycle race at Minneapolis, lowering the record 1514 seconds. BUSINESS has been resumed by the First national bank of Anthony, Kan., which suspended payment in July. A MOB near Morganfield, Ky., lynched Charles Watson, a negro who cut the throat of little Sam Keith, 10 years old, to secure four dollars. WILLIAM J. JAMISON (colored), who murdered Supervisor Charles N. Aaron April 19. 1892. was hanged at Quiney, III. This was the third hanging in Quiney in sixty-five years. WITHIN ten days twenty members of the Meacham gang have been killed near Jackson, Ala., and five others were surrounded, but escaped.


Article from Evening Star, September 11, 1893

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Banks to Resume. The following national banks, which recently suspended payment, having fully complied with the conditions imposed by the controiler of the currency, and their capital stock being unimpaired, have been permitted to reopen their doors for business, viz: The First National Bank of Provo, Utah. The Western National Bank of South Pueblo, Pueblo, Col. The First National Bank of Nashville, Tenn. The First National Bank of Le Mars, Iowa.


Article from St. Paul Daily Globe, September 12, 1893

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FACTORIES ARE OPEN. LARGE NUMBERS OF IDLE MEN GIVEN EMPLOYMENT. BRIGHTER OUTLOOK VISIBLE. Manufactories Resume Business, and the Wave of Prosperity Sends Gladness to Many Persons - Banks Reopen Their Doors, and Business Regains New Life. PITTSBURG, Pa., Sept. 11.- large number of idle men were given employment today by the resumptions of numerous iron and steel plants. For the first time since June 30 every department in Jones & Laughlin's American works was in operation, giving employment to 3,500 men. Sixteen additional furnaces were put in operation at the Nationol Tube works, and the sheet mill of Moorhead, McLean & Co. was started, The Carbon Steel works went on "double turn," and the bar mill, two heating furnaces, two puddling furnaces and four sheet mills of the United States Iron and Tin Plate works started up with full forces. Zug & Co.'s plant also resumed on single turn, and other plants are preparing to start. WASHINGTON, Sept. 11. - National banks reopened today as follows: The First National Bank of Provo, Utah; the First National Bank of Nashville, Tenn.; the First National Bank of Lemars, Io. Of the 154 failed banks up to date 61 have reopened. 58 are in the hands of receivers, 34 in the hands of examiners. and 1 has gone into voluntary liquidation. ERIE, Pa., Sept. -The wave of returning prosperity has struck Erie, and many of the shops that had reduced the hours of their employes will soon be working on full time. The immense plant of the H. F. Watson Paper company started today with its full force of 900 men. The Erie Forge works also started this morning with a full complement of men. ERIE, Pa., Sept. 11. - The H.F.Watson Paper company, which has been running on half time, started this morning on full time with a full force of 900 employes. The Erie Forgo works, which has been shut down completely, also started this morning with a full complement of men. GALLIPOLIS, O., Sept. 11. -The Gallipolis and the Fuller-Hustonpiller furniture about 300 men, resumed factories, operations employing this morning. PROVIDENCE, R. 1., Sept. 11.-The mills of the Crompton company at Crompton, which have been closed since Aug. 7, started this morning. SOUTHINGTON, Conn., Sept. 11.-All the factories of the Peek, Stowe & Wilcox company at Plantsville, East Berlin and this place, started up this worning on full time.


Article from The Guthrie Daily Leader, September 13, 1893

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National Banks to Reopen. WASHINGTON, Sept. i2.-The following banks which recently suspended, have been permitted to reapen: The First National, Provo, Ore.; First National, Nashville, Tenn, and the First National, Lemars, Iowa.


Article from The State Republican, September 14, 1893

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LATER NEWS. IN the senate, on the 11th, Mr. Stewart offered a resolution for an inquiry into the fact of senators being stockholders in national banks, which went over. The repeal bill was taken up, and Mr. Pugh (Ala.) and Mr. Teller (Col.) occupied the remainder of the session with speeches on the subject. 'n the house the colored representative from South Carolina, Mr. Murray. attempted to get consideration for a joint resolution appropriating $200,000 for the relief of the cyclone sufferers in the south, but Mr. Kilgore (Tex.) objecting, the resolution was referred. THE World's first parliament of religions opened at the World's fair on the 11th. THE new cruiser Detroit is to be prepared for sea at once and sent to Greytown, Nicaragua, to reinforce the Alliance. MR. ELLIS MILLS, the new Hawaiian consul, took the oath of office, on the 11th, his nomination having been confirmed by the senate. THE president, on the 11th, sent to the senate the nomination of Charles H. J. Taylor, of Kansas, as United States minister to Bolivia. THE receiver of the Akron (0.) savings bank has been discharged. The bank is reported in better condition than ever before. TWENTY-THREE delegates from the Polish socialists of Germany met in Berlin, on the 11th, to organize a Polish social democratic party. THE First national bank of Provo, Utah: the Western national bank of South Pueblo, Col.; the First national bank of Nashville, Tenn., and the First national bank of Le Mars, Ia., have resumed. MR. ALBERT S. WILLIS, the new minister to Hawaii, received his instructions from Secretary Gresham, on the 11th, and left for his home in Louis ville, Ky., to make his preparations for going to Honolulu. THE Spokane (Wash.) exposition building, an immense frame structure, erected in 1890 at a cost of $100,000, was destroyed by fire on the night of the 10th. No insurance. Tramps had fox some time been sleeping in the building, and it is supposed that they care lessly set it on fire. THE four robbers who recently held up a Frisco train at Mound Valley, Kan., robbed the passengers and killed Express Messenger Chapman, were arrested, on the 11th, and placed in jail at Arkansas City, Kas. They all confessed their guilt, one admitting that he shot and killed Chapman.


Article from Abilene Weekly Reflector, September 14, 1893

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National Banks To Reopen. WASHINGTON, Sept. 12.-The following national banks which recently suspended payment have been permitted to reopen: First national bank of Provo, Utah: Western national of South Pueblo, Col: First national of Nashville, Tenn., and the First national of Lemars, Ia.


Article from Washington Standard, September 15, 1893

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has started up its immense plant again. The Sawyer Woolen Mills, of Dover, N.H., has resumed operations on half time. The Carbon steel works at Pittsburg has put on a double crew of operatives. The Hamilton Mills, at Amesbury, Mass., have resumed after a week's suspension. The iron sheet mill of Morehead, McCleane & Co., Pittsburg, has resumed work. Five thousand men have been re employed at the coke ovens of Connellsville, Pa. The car-shops at Reading, Pa., have increased its labor days to six instead of five a week. The Whitely mallable iron works, with 200 men, started up at Springfield, III., this week. The Tamaqua Knitting Mills at Tamaqua, Pa., have resumed operations, with a full force. At Fall river, Massachusetts, 23 of the 67 mills have resumed, but at a reduced scale of wages. The Curtis collar manufactory at Troy, N. Y.. has resumed, giving employment to 400 operators. Sixteen additional furnaces were put in operation at the National Tube Works, Pittsburg, this week. The Carnegie steel works, at Duquesne, have resumed work, giving employment to 2,000 workmen. The Gonic Woolen Mills, at West Rochester, N. H., started up Monday after a few weeks' shut down. The Cocheco Manufacturing Co., of West Rochester, has resumed business, with a slight reduction of wages. The boot and shoe factory at Fairbault., Minn., has resumed with a full force and a big list of orders to fill. The Fashion Knitting Mill, of Cohoes, N. Y., employing 100 persons, has resumed work after a shut-down. The canning works at Fairbault, Minnesota, have resumed and are now putting up 20,000 cans of sweet corn a day. The Watson Paper Co., at Erie, Pa., which has been running half time, started up this week full time and with full force. Holmes & Ide, of Troy, N. Y., one of the largest firms in the collar business, have set their factory running on full time. Wallace & Sons' brass factory, of Ansonia, Mass., has resumed with twothirds its complement of men at reduced wages. The Adelaide Silk Mill at Allentown, Pa., which has been running on half time, now runs on full time, with 50 employes. The Iowa Barbed Wire Works, of Allentown, Pa., which has been idle four weeks, has resumed work with 140 operatives. The Orkney and the Hames knitting mills, of Cohoes, N. Y., employing 100 and 200 hands respectively have resumed work. The Diamond knitting mill, at Waterford, N. Y., and the collar factory of the same city, have resumed operations with a full force. The Pawtuxet Print Works, of Pawtuxet Valley, R. I., have put on a full force, and there is not an idle operative in Clyde, Phenix or Nantic. The Goodcharles Nail Works and the City Nail Works, both of Milton, Pa., employing 380 men, have resumed, the former on full and the latter on two-thirds time. For the first time since January, every department of Jones & Laughlin's American iron works, at Pitts. burgh, is in full operation, giving employment to 3,500 men. Of the 154 suspended National banks up to date 61 have resumed, 58 are in the hands of receivers, 34 in the hands of examiners, and one has gone into voluntary liquidation. The New York and Pennsylvania Paper Co., of Lock Haven, Pa., employing 180 men, after & month's suspension, has resumed work with a full force and without reduction of wages. The following national banks resumed business last Monday: The First National bank, of Provo, Utah; the Western National bank, of South Pueblo, Col.; the First National bank, of Nashville, Tenn.; the First National bank, of Lemars, Ia. The Schenectady branch of the Edison General Electrical Company, which also includes the ThompsonHouston Co., of Lynn, Mass., which has been for several months running a reduced force, has increased its number of operatives to the maximum number. Rays of sunshine may be seen through a rift in the cloud that over. hangs a large portion of Europe. Secretary Morton's dispatches confirm a shortage of crops, which guarantees a


Article from Huntsville Gazette, September 16, 1893

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MISCELLANEOUS. THE wheat crop of Kansas this year is officially estimated at 19,000,000 bushels, against 70,000,000 last year. ON the 11th the Cambria Iron Co.'s mill at Johnstown, Pa., resumed work, giving employment to over 3,000 nen. SPINNERS at New Bedford. Mass., have accepted a reduction in wages. IMPORTS of specio at the port of New York for the week ended on the 9th were $2,525,830, of which $2,356,565 was gold and $169,273 silver. The imports exclusive of specie were $5,679,605, of which $1,948,174 were dry goods and $3,731,431 general merchandise. ON the 11th twenty-three delegates from the Polish socialists of Germany met in Berlin to organize a Polish social democratic party. THE receiver of the Akron (0.) savings bank has been discharged, and the bank is reported in better condition than ever before. ON the 11th the world's first parliament of religions opened in Chicago. THE Western national bank of South Pueblo, Col.; the First national bank of Provo, Utah; the First national bank of Nashville, Tenn., and the First national bank of Le Mars, Ia., have resumed. THE new cruiser Detroit has been ordered to proceed to sea at once. Her destination will be Greytown, Nicara. gua, to reinforce the Alliance.


Article from Grant County Herald, September 21, 1893

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# MINOR NEWS ITEMS. For the Week Ending Sept. 12. The town of Colfax, Wis., was said to have been destroyed by fire. Fire destroyed the United States marine hospital at Port Townsend, Wash. The National Association of Post Office Clerks met in convention in Chicago. Bennett's casino, a variety theater in Brooklyn, N. Y., was burned, the loss being $150,000. By a vote of 29 to 9 the national commission of the world's fair decided to adjourn sine die. W. O. Barney, treasurer of Defiance county, O., was found to be $26,000 short in his accounts. The town of Baldwin, Wis., was almost entirely wiped out by fire, the loss being over $100,000. Joseph Dysart, lieutenant governor of Iowa from 1874 to 1878, died at his home in Vinton, aged 75 years. Two men captured a mail wagon at Terre Haute, Ind., and gagged the driver and rifled the pouches. Except $13 the $5,000 stolen from the Adams express at Akron, O., has been recovered and the thieves arrested. Five children of F. W. Whitney, near Silver Hill, Ark., were burned to death while their parents were at church. "Doc" Taylor, who murdered the Mullins family in Virginia, has been sentenced to be hanged October 27. Government figures on wheat make it the smallest yield since 1885. The amount is about 371,000,000 bushels. George P. Kegaris, a Dunkard preacher, hanged himself to a cherry tree at his home near Salemville, Pa. The receiver of the Evansville & Terre Haute railroad was dismissed and the road restored to the stockholdors. The grain elevator of the W. C. Fuhrer Milling company at Mount Vernon, Ind., was burned, the loss being $100,000. Ben Jackson, a negro, was taken from the jail at Quincy, Miss., and hanged by a mob. He had poisoned a well. Robert L. Gruschow, cashier of the Pabst Brewing company, was held up in his office in Chicago and robbed of $8,000. The three national banks at Mankato, Minn., reopened their doors after having been closed a little over a month. L. S. Meintjes, of South Africa, in a race against time at Springfield, Mass., lowered the 5-mile bicycle record to 11:09 3-5. October 18 and 19 have been selected as the dates for the annual convention of the American Bankers' association in Chicago. An incendiary fire destroyed the property of the Sulphur Mines company at Mineral City, Va., causing a loss of $100,000. In filling a lighted gasoline stove Mrs. Maxwell, of Clinton, Ia., was fatally burned. Her daughter Stella was also fatally burned. Striking Italians took possession of the mining town of Beadling, Pa., terrorizing the inhabitants. Twenty-eight were arrested. James H. Walker, of Philadelphia, and Joseph L. Kilrain, of Elwood, Ind., died at the same hour on passenger trains at Pittsburgh. Twenty-three men scattered through Jackson and Elbert counties, Ga., were arrested with wholesale counterfeits of silver dollars in their possession. At Chillicothe Richard Brown, colored, shot and killed Nellie Wolfscall, also colored, whom he was about to marry, and then fatally shot himself. Some fiend or fiends entered the graveyard in Hudson, Wis. and pushed over, broke and otherwise destroyed twenty-two of the most costly gravestones. George W. Dye, one of the wealthiest planters in northeast Georgia, is dead, and has left his fortune of over half a million to the negro family who attended him for the last fifty years. The following banks have resumed business: First national at Le Mars, Ia., First national at Nashville, Tenn., Commercial at Stevens Point, Wis., Western national at Pueblo, Col., and Bank of Florence at Florence, Col.


Article from Washington Standard, September 22, 1893

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# Rifts in the Clouds. The First National Bank of Lemars, Iowa, has resumed business. The Commercial Bank of Stevens Point, has resumed business. The Oregon National Bank, of Portland, resumed business last week. The Crompton Co., of Crompton, R. I., closed since Aug. 7th, has resumed work. The Illinois Glass Works, at Alton, Ill., are getting ready for a resumption of business. The Buck Stone and Range Co., of St. Louis, Mo., employing 300 men, has resumed business. The First National Bank, of Nashville, Tenn., has resumed business, after a months' suspension. The Cumberland Steel and Tin-plate Mill, which has been closed three months, has resumed with 150 hands. The Erie, N. Y., Forge Works has begun work, after a suspension of several weeks, with a full complement of men. The Watson Paper Co., of Erie, an immense plant employing 900 men, has resumed operations with a full force. The Western National of Pueblo, and Bank of Florence, Florence, both in Colorado, have re-opened their doors. The Collins mills, of Collinsville, Massachusetts have started up with all hands at work, after a suspension of four weeks. All the factories of Peck, Stowe & Wilcox, at Plainsville, East Berlin and Southington, Conn., have started up on full time. The Pittsburg and Lake Angeline Mine, in Michigan, which has been running on two-thirds time, has gone back to full time. Bay City Industrial Works, at Bay City, Mich., will start up next week, after six weeks suspension. The works employ 300 persons. It is reported by the officers of the suspended Tacoma Merchant's National Bank, that it will be enabled to pay dollar for dollar. The shoe-factory of J. F. Budd, at Burlington, N. J., resumed operations, a few days ago, with a payroll aggregating $3,000 per week. The East Chicago foundry, at Hammond, Ind., employing a large force of men, which had been closed for some time, resumed work last week. Brown & Co.'s Wagon iron works of Pittsburg resumed operations Monday, employing 600 men. The old employees reported for duty to a man, waving the firm's refusal to sign the amalgamated schedule. At Wheeling, Va., an effort was made by about 20 Hungarians to prevent the big Riverside mill, from employing Americans. A fight ensued and stones and clubs were freely used, but the effort was not successful. J. W. Case's bank, at Astoria, Oregon, will pay 100 cents on the dollar, on the same terms as the Commercial bank of Portland. Five per cent. interest is paid on all debts, and the plan is to make gradual payments to depositors. The New York banks and trust companies are looking for customers to take money on time at 6 per cent. on prime dividend-paying stocks. Thus the position of borrower and lender has been reversed completely in the past few days. The Sharon Estate Company is the name of an organization which will begin business this month with a capital of $8,000,000, $4,000,000 of which is paid up. The directors are: D. O. Mills, Henry B. Laidlaw, and other prominent New York capitalists. Its object is to foster all sorts of industrial enterprises, all over the Union. New York Sun of Wednesday said that the banks of that and other cities have practically resumed the payment of cash on demand. Up to that date, within the past five or six weeks, it is estimated that the available money in the country has been increased fully $70,000,000 by importatious of gold, and by the issue of national bank notes. An Elwood, Ind., dispatch of the 20th states that the business situation is growing brighter, and that among the works now running are McBert's mill, 750 hands; Radiator factory, full capacity; tin-plate mill, full force; behind in orders; bottle works of Nevison & Waiskopf, 200 hands; McCoy's chimney-glass factory, 500 hands. The plate-glass factory will start October 1 with 500 hands. The Akron steam forge works is nearing completion and the construction of the Raub locomotive works will begin in the next 80 days. CLOUDLETS. The Henry Snowden Lumber Co. of Philadelphia has assigned owing $30,000, with ample assets. The Port Townsend National bank, of Port Townsend, has suspended temporarily, with ten times the amount of assets as liabilities. The directors expect to resume within 30 days. Mast, Bufford & Burwell, one of the largest firms in wagons and carriages


Article from People's Voice, September 22, 1893

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GENERAL NEWS Carefully Selected News of Current Events. A. Armsbury, of North Platte, Neb., shot and killed himself accidentally Sunday afternoon while riding in a Union Pacific cabcose. Local papers say speculators are out all over Oklahoma buying hay for export, and it is evident that there is big money in their enterprise. Hungarian miners engaged in a drunken riot at Cliff Mines, Pa., Sunday, and several of them were shot and cut, but none fatally. Hoo Sue, a Chinese druggist of San Francisco, who located there in 1849, leaves for China on the next steamer with his son and daughter. 3 Justin McCarthy, the leader of the Irish parliamentary party, has had a sharp attack of bronchitis and has days. been confined to his room for several The Catholic congress which was to open at Buda Pesth Monday, has been prohibited by the Hungarian minister of the interior owing to the prevalence of cholera. All the remaining cases of cholera under observance at the Moabit hospital, Be lin, have been discharged and the cholera section of that hospital has been closed. B. Wolf & Co., wholesale notion dealers being business at 704 and 706 Lucas avenue, St. Louis, made an assignment Saturday to Charles J. Blake trustee for creditor. The following national banks which recently suspended, have been permitted to reopen: The First National, Nashville, Tenn., and the First National, Lemars, Ia. There were sharp shocks of earthquake Sunday morning at Jassey and at Bucharest. People rushed into the streets in alarm, though not much actual damage was done. The Secretary of the treasury has asked for the resignation of Phillip M. Hildebrand, surveyor of customs at Indianapolis, and Michael E. Smith, assayer of the mint at Denver, Col. Two more Colorado banks opened their doors for business Monday, after several weeks' suspension. They are the Western National, a Pueblo, and the Bank of Florence, at Florence. The Rockford passenger train the Burlington and Chicago jumped on the track at Hinckley Saturday, owing to a brakeman's blunder. Engineer Andy Farr. of Rockford, jumped out and was killed. Detectives have recovered $5,000 of the money stolen from the safe of the Adams expres, at Akron, O., Friday night. It was found buried in a cornfield in the suburbs. The burglars have been arrested. The miners in the Barinage district, in the province of Halnaut, Belgiam, have voted to go out on a strike immediately unless their wages are raised. Vast numbers of people are involved in the proposed strike. It is announced that Senator Hill will make three speeches in Ohio to help out Lawrence T. Neal, the Democratic candidate for governor against McKinley. Cleveland, Columbus and Cincinnati are the cities selected. The Fairabault school at Stillwater, Minn., has been abandoned after a trial of one year. There was continued friction between the Catholics and Protestants and the board of edplan. ucation decided not to continue the The governor general of Bohemia has forbidden all meetings or parades in the streets, and has also notified the police to prevent all ostentatious wearing of badges or carrying of flags. The troops are still confined to the barracks. The 250th anniversary of the foundation of the Scotch church was celebrated at St. Sebastian's chapel, Rotterdam, the ancient place of worship of the Covenanters, Friday. The anniversary was also celebrated at the new Scotch church. For the past two days a strong southeast wind, almost a gale, has been driving a destructive prairie fire toward Rugby, N. D. In the country the estimated loss is upward of $5,000, including small outbuildings and stored hay, with no insurance. In Sumner and Cowley counties the district court had to be adjourned on account of the lack of witnesses and jurors. all available timber having gone to the Cherokee strip. As between the strip and the world's fair Kansas is very much from home for the moment. The absence will be but brief, tho'. The news from Tucuman is far from satisfactory to the government. There has been more fighting in the streets of the city. The rebels are in possession of the railroad and have received reinforcements from the surrounding country. The position of the government is said to be critical. The governor has asked for reinforcements, as his troops are far outnumbered by the rebel forces. When the Cherokee outlet is added, Oklahoma will have a territory of about 20,000 square miles. The territory of five nations is, in round numbers, 31 000 square miles. Adding these large areas of country, a state large would as be thestate formed almost two-thirds as