3246. Farmers Trust Company (Sioux City, IA)

Bank Information

Episode Type
Suspension β†’ Closure
Bank Type
trust
Start Date
December 29, 1896
Location
Sioux City, Iowa (42.500, -96.400)

Metadata

Model
gpt-5-mini
Short Digest
b812e7c152738be3

Response Measures

None

Description

Multiple contemporaneous newspaper reports (Dec 29–30, 1896) state the Farmers' Trust Company of Sioux City was taken into receivership (G. H. Hollister appointed) because of inability to realize on assets / tight money market. Liability and asset estimates are consistent across reports. No run or reopening is mentioned; the institution was in the hands of a receiver.

Events (1)

1. December 29, 1896 Receivership
Newspaper Excerpt
On application of W. T. Honsinger, vice-president... G. H. Hollister was to-day appointed receiver for the institution. Inability to realize on assets is given as the cause of the failure.
Source
newspapers

Newspaper Articles (14)

Article from The Indianapolis Journal, December 30, 1896

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Farmers' Trust Company. SIOUX CITY, Ia., Dec. 29.-The Farmers' Trust Company has gone into the hands of a receiver. The appointment was made on application of W. T. Honsinger, vice president of the company. Liabilities, $135,000: assets, $238.000. Assets consist principally of notes secured by real estate mortgages. Inability to realize on assets is given as the cause of the failure. The company intend to continue to do business and expects to pay in full.


Article from Richmond Dispatch, December 30, 1896

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Iowa Trust Company Fails. SIOUX CITY, IA. December 29.-On application of W. T. Honsinger, vicepresident, and a large shareholder in the Farmers' Trust Company, of this place, G. H. Hollister was to-day appointed receiver for the institution. The tight ness of the money market rendered it impossible for the company to meet its debentures when the makers of notes on which they were secured defaulted in payment. Receiver Hollister estimates the assets at $238,000 and the liabilities at $135,000.


Article from The Times, December 30, 1896

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BUSINESS TROUBLES. Two Minneapolis Banks Close Their Doors Other Failures, MINNEAPOLIS, MINN., Dec. 29.-The Columbian National bank, of this city, closed its doors this morning owing to inability to make collections. It is a comparatively new bank, having been organized about five years ago with exState Treasurer Charles Kittleson as its president and ex-State Treasurer Bobleter as cashier, which positions they still held. Its capital on December 18th was $200,000 with a surplus of about $6,000. loans and discounts were $348,000 and its deposits $264,000. It has never been profitable. Deputy Controller of the Currency George W. Coffin, who happened to be in the city, took charge of the bank. Its officers claim that they will be able to pay depositors in full. The Washington Bank, of this city, has closed its doors. Its last statement, December 17th, shows loans and discounts of $500,000. and deposits of $540,000. Its capital is $100,000 and its surplus $13,000. A. C. Haugan, its president, is city treasurer and it is likely that quite an amount of city funds will be lΓΆcked up by the failure. Its business is largely with working people. The officers claim that they will be able to pay them in full. The#suspension of the Scandia yesterday and the Columbia this morning created consternation among the patrons of the Washington Bank, and such a "run" ensued that the bank was compelled to close its doors about noon. Cashier Brecke stated this afternoon that aside from the matter of cash on hand, the bank was in excellent shape. Exactly what will be done has not yet been determined. It is very likely that the suspension will be only temporary, as the resources of the bank are in such shape that its depositors can be paid in full in a comparatively short time. and fifty cents on the dollar within two months. In round numbers, the liabilities are $500,000 and the assets $600,000. the latter only $14,500 is real estate. The announcement of the failure of the Columbia and Washington Banks caused a considerable flurry at nearly all of the other banks of mers city. The and biggest run was on the Mechanics Bank, the largest savings institution in the Northwest, with deposits of over $6,000,000. This bank is said to be entirely safe. It stood a run of eight days during the panic of 1893. PROVIDENCE, R I., Dec. 29.-The Phoenix Woolen Company filed its petition of insolvency in the Appellate Court to-day. Liabilities, $300,000. The assets about $250,000. CHICAGO, ILL., Dec. 29.-As a result of the voluntary liquidation of the Atlas National Bank, of this city, W11liam M. and John S. Van Nortwick, who held 464 shares of stock in that bank, and were borrowers therefrom to the amount of $300,000, made an assignment yesterday to the Equitable Trust Company, of Chicago, who took possession of the Van Nortwick's bank at Batavia yesterday. The failure involves the entire interests of the Van Nortwicks, whose estimated wealth. according to their last statement, is $2,500,000, often estimated at three times that amount, and representing besides the Van Nortwick Bank and other property at Batavia, large manufacturing interests. The total nabilities will be near $2,000,000. BALTIMORE, Dec. 29.-L. Snellberger & Son, leading retail dry-goods merchants, of South Baltimore, made an assignment Mo-day. Liabilities, $50,000; assets, about the same amount. Pressure of creditors and slow collections caused the suspension. SIOUX CITY IA.. Dec. 29.-On application of W. T. Honsinger, vice-president, and a large shareholder in the Farmers' Trust Company, of this place; G. H. Hollister was to-day appointed receiver for the institution. Receiver Hollister estimates assets at $238,000 and lia-


Article from The San Francisco Call, December 30, 1896

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SMALLER FAILURES. The Roanoke Commercial National Bank Closes. ROANOKE, VA., Dec. 29.-The Commercial National Bank of this city closed its doors to-day. WASHINGTON, D. C., Dec. .-The failure of the Commercial Bank of Roanoke, Va., was made known to the Comptroller by telegraph, and he immediately wired Bank Examiner Sands to take charge. The failure is attributed partly to speculation incident to the Roanoke boom. Eckels says the failure is not important. SIOUX CITY, Iowa, Dec. 29.-On application of W. T. Honsinger, vice-president and a large shareholder in the Farmers' Trust Company of this place, G. H. Hollister was to-day appointed receiver for the institution. The tightness of the money market made it impossible for the company to meet its debentures. Receiver Hollister estimates assets of $238,000 and liabilities of $135,000.


Article from Birmingham State Herald, December 30, 1896

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FINANCIAL. Cincinnati, Dec. 29.-A petition was filed last evening by members of the wellknown firm of Duhme & Co., jewelers, for a dissolution and a receiver for the firm. They say the company is insolvent and unable to meet its maturing debts. Seattle Wash., Dec. 9.-The B. E. Stetson and Post Saw Mill company closed down its plant yesterday, throwing seventy men out of employment. The overproduction of lumber, together with the recent failures of eastern banks, affecting a number of western lumber firms, caused the suspension. Auburn, Me., Dec. 29.-A petition for a receiver for the American Trust and Banking company has been filed. A director says: "The .money is coming in such amounts that we are encouraged to think our doors can again be opened for business. The company has little borrowed money, and the directors believe that western investments will prove all right." Minneapolis, Minn., Dec. 29.-The Columbia National bank of this city closed its doors this morning, owing to inability to make collections. It is a comparatively new bank, having been organized about five years ago, with ex-State Treasurer Charles Kittelson as its president, and ex-State Treasuer Bobleter as its cashier, which positions they still hold. Its capital on December 18 was about $200,000, with a surplus of about $6,000. It has never been profitable. Deputy Comptroller of the Currency George W. Coffin, who happened to be in the city, took charge of the bank. Its officers claim that they will be able to pay depositors in full. Minneapolis, Minn., Dec. 29.-The Washington bank of this city has closed its doors. Its last statement, December 17, shows loans and discounts of $500,000 and deposits of $540,000. Its capital is $100,000, and its surplus $13,000. A. C. Haugan, its president, is city treasurer, and it is likely that quite an amount of city funds will be locked up by the failure. Its business is largely with working people. The officers claim that they will be able to pay them in full. Baltimore, Md., Dec. 29.-Berger & Co., leading retail dry goods merchants of South Baltimore, made an assignment today. Liabilities $50,000; assets about the same. Pressure of creditors and slow collections caused the suspension. Sioux City, Ia., Dec. 29.-On application of W. T. Honsinger, vice-president and a large shareholder in the Farmer's Trust company, of this place, G. H. Hollister was today appointed receiver for that institution. Tightness of the money market rendered it impossible for the company to meet its debentures when the makers of notes on which they were secured defaulted payments. Receiver Hollister estimates assets $238,000 and liabilities at $135,000.


Article from The Bryan Daily Eagle, December 31, 1896

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In a Receiver's Hands. SIOUX CITY, Ia., Dec. 30.-The Farmers' Trust company is in the hands of a receiver. Inability to realize on assets is given as the cause of the failure.


Article from The Democratic Advocate, January 2, 1897

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More Prosperity(?) Norton & Company who run the Lockport flouring mills in Chicago, Illinois, have failed. The mills have been running for over 40 years. The Atlas National Bank, of Chicago, decided to retire from business. The Clearing House Commit. tee, at a special meeting Saturday night, decided that the associated banks of the city would advance the amount needed to pay its depositors in full. The amount required is in the neighborhood of $600,000. A receiver was appointed at Dallas, Texas, on Saturday, for the Security Mortgage and Trust Company. It is said that the liabilities will reach $2,000,000, and the assets about $1,000,000. A receiver has been appointed for the Columbus and Hocking Coal and Iron Company, at Columbus, Ohio. It is said that the failure of the Security Mortgage and Trust Company of Dallas, Texas, will cause a loss of $1,500,000 to Eastern and foreign capitalists. The Dime Savings Bank of Chicago took advantage of the ninety-day withdra notice law and suspended payment. The Bank of Superior, at West Superior, Wis., suspended payment on account of a run with which it was threatened. The Scandia Bank of Minneapolis also suspended payment, being unable to realize on assets. C. H. Hardish, Roanoke, Virginia, merchandise, has failed. The Commercial National Bank closed on Tuesday. The Lehigh Mills, in South Easton, Pa., manufacturers of cotton goods, have shut down for four months. Depression in business is given as the cause of the shut down. One hundred employes are affected. The plant was started 100 years ago, and this is the first shut down it has experienced. Ogle McCullough, stationer, Elkton, Md., has failed. Van Nortwick Bros., bankers at Batavia, III., and holders of large property interests in several States, have mades assignment. The Columbia National Bank and the Washington Bank, a State institution, have closed their doors at Minneapolis. Lane county, Kansas, has been declared insolvent. The Alva Hubbard Heating Company and Snellenberger & Son, wholesale dry goods, etc., Baltimore, Md., have assigned. A receiver has been appointed at Sioux City, Iowa, for the Farmers' Trust Co., of that place. Isaac Prager & Sons, of Parkersburg, West Virginia, a retail dry goods firm of long standing, has assigned. Estimated liabilities are $100,000; assets about the same. Pheasant & Wagner, owners of large general merchandise stores in Hollidaysburg, Pa., and in Kipple, Blair county, failed, in consequence of the recent suspension of the banking house of Gardner, Morrow & Co. The liabilitles are $12,000: assets $18,000. M. J. Rosenberg, trading as Milton & Co., retail clothiers, Philadelplia, Pa., have failed. The Anhor Grain Company, operating on the West Superior Board of Trade, has made an assignment. D. V. Iseman, one of the leading clothiers of Newport News, Va., has assigned. Charles G. Ross, surviving partner of Chas. G. Ross & Co., dry goods commission merchant, of New York, has assigned. Everett's Hotel, Vesey and Barclay streets, New York, one of the oldest and best-known establishments of its kind in that city, is closed. In Austin, Tex., G. A. Bahn, leading jeweler, has made an assignment.


Article from The Diamond Drill, January 2, 1897

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William M. & J. S. Van Nortwick. bankers and manufacturers, made au assignment at Batavia, III., with liabilities of $2,000,000. At the opening day in Washington of the hearings before the ways and means committee in preparation for the framing of a tariff bill representatives of hundreds of millions of dollars made brief statements of their views. Eleven cracks in the bicycle world entered a six days'. eight hours a day. international bicycle contest in Washington. Statistics from 1,388 industrial establishments in 46 states show that 52,448 less hands were employed in those es. tablishments in 1896 than in 1892. and that $19,214,448 less was paid out in wages. Frank E. Clark, for 18 years editor of the Grayville (TII.) Independent. committed suicide by taking poison. No cause is known. The Scandis bank st Minneapolis suspended payments with liabilities of $300,000. Will Robinson (colored). who Allled sweetheart in a church in Pike counMo., was taken to the penitentiary for 102 years. The large furniture house of Julius Lansburg in Washington was destroyed by fire. the loss being $160,000. The McCoy Banking company of Independence, Mo., went into voluntary liquidation with liabilities of $125,000. The Bank of Superior at Superior, Wis., closed its doors with liabilities of $100,000. By the explosion of a lamp Gregor Kirchbaum and his wife were burned to death in their home at Johnston, R. 1. One thousand Chicago saloon keepers have been compelled during the last three months to retire from business because of hard times. The state of Iowa celebrated its 50th birthday. At Stamford, Conn., Mrs. Henry Ward Beecher fell and broke her hip and may be forced to use crutches for the rest of life. She is 84 years old. At the annual meeting in Chicago-of the Northwestern Traveling Men's association William H. Cribben was electpresident. The death payments for the year amounted to $169,400. Gov. R. M. Harris, of Indian territory, has called the legislature to meet in extraordinary session at Tishmingo January 5. Lane county, Kan., has formally been declared insolvent by the county commissioners. A new counterfeit ten dollar national bank note on the Union national bank of Detroit, Mich., is in circulation. One distinguishable feature is that the back of the note is upside down. It is announced that Gov. Bradley intends to resign the office of governor of Kentucky at an early date because of failing health. The wedding of Count Adam de Moltke Huitfeldt, of Denmark, and Miss Louise Eugenie Bonaparte, daughter of the widow of the late Jerome Bonaparte, took place in Washington. The People's Electric Light & Power company's plant at Newark, N. J., was burned, the loss being $175,000. The Columbia national bank in Minneapolis closed its doors with liabilities of $247,000, and the Washington bank, a state institution in the same city, also suspended. The Commercial national bank of Roanoke, Va., closed its doors with liabilities of $100,000. William W. Whaley and wife, living near Seaviersville, Tenn., were murdered in their home by unknown persons. Henry F. Strauss, aged 72, county clerk of Langlade county, Wis., commitsuicide at Antigo. He was a defaulter to the amount of $3,770. It is officially denied at the state department in Washington that Spain has consented to grant home rule to Cuba Edward Rosa shot and killed his sweetheart, Miss Mary Brehl, at the home of her sister, Mrs. Stewart, in Forest City, S. D., and then killed himself. Jealousy was the cause. The Farmers' Trust company at Sioux City, Ia., failed with liabilities of 000


Article from Shepherdstown Register, January 7, 1897

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# BAD BUSINESS. The past two weeks have not been exactly what the gold standard orators promised as a result of the election of Major McKinley President and the triumph of "honest money" principles. On the contrary, the developments show that the financial condition of the country is not gilt-edged by any means, and there is a feeling of uneasiness in the business world and a spreading belief that the gold standard is not all that its friends tried to prove it. The record of broken banks is a startling one. We have heretofore referred to the failures of some of the oldest and largest banking institutions in Chicago. St. Paul, Minnesota, has also passed through a panic from the same cause. Last Saturday three State banks went under, and Monday of this week the Germania, the Allemania and the West Side banks in that city failed, and runs were made on other banks. The excitement has been allayed, but the situation is critical there. Saturday there was a bank failure at Fargo, N. D., Omaha, Neb., and Denver, Col. The Commercial National Bank of Roanoke, Va., has also gone to the wall, and others in the same list the past two weeks are the Merchants' National at Devil's Lake, N. D., the Calumet at Chicago, one at Superior and one at West Superior, Wis., the Atlas National of Chicago, and the Farmers' Trust at Sioux City, Iowa. Many manufacturing and business concerns in various parts of the country have also collapsed, among them being the failure of Isaac Prager & Son, of Parkersburg, this State, whose liabilities will run up into the hundreds of thousands. One of the distressing features of the present situation is the number of suicides of bank officials, men who, feeling disgraced by the failure of their banks, or in remorse at their own wrong-doing, having taken their own lives. Richard Cornelius, cashier of the National Farmers' and Planters' Bank of Baltimore, was on Monday found to be a defaulter to the amount of over $40,000, and when he saw he could no longer hide his crime he went out and drowned himself. He was regarded as one of the most upright men in Baltimore. The bank is solid and well able to stand the loss. Last Saturday Henry Husted, cashier of the National Bank of Liberty, Ind., hanged himself. The same day W. A. Hammond, cashier of the collapsed National Bank of Illinois, drowned himself in Lake Michigan at Chicago. Otto Grosmandorff, another banking official affected by the same failure, blew his brains out with a pistol. President-elect McKinley is no more to be blamed for these failure and the consequent troubles than Mr. Bryan would have been had he been elected. Nor is the Republican party any more responsible for dishonest bank officials than the Democratic party. Yet these occurrences point unmistakably to the truth of the assertions of the free silver advocates that there is something wrong with the financial system of the country, and it will be hard to persuade the people that the gold standard is the panacea for our monetary and commercial evils. In a speech some time ago Senator Stewart said "the gold standard is driving unnumbered people to poverty, despair, degradation and suicide." He spoke like a prophet.


Article from River Falls Journal, January 7, 1897

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WEST AND SOUTH. The death of Mrs. Lucy Aldrich occurred at Butler. Ind., aged 101 years. In Springfield Miss Cora Edith Eng lish was married to John Riley Tanner, governor-elect of Illinois. The ceremony was performed in St. Paul's procathedral by the rector, Rev. F. W. Taylor. Fire destroyed the factory of the Nelsonville (0.) Sewer Pipe company, the loss being $100,000. Over 1,000 relatives and friends witnessed the wedding at Rock House, Ky., of William Sexton, 103 years old, to Mrs. William Craft, 101 years. Mrs. D. M. Conrad, a teacher in the public schools at Holdredge, Neb., was shot by her husband, he then shot himself. Domestic trouble was the cause. In Minneapolis, Minn., the Bankers' exchange bank has suspended payment. At Selma, Ala., the Commercial state bank closed its doors with liabilities of $300,000. The republican executive committee of Tennessee has decided to contest the election of Robert L. Taylor for the seat of governor of the state. Again stories are told by passengers arriving in Key West, Fta., from Cuba that Antonio Maceo is not dead, but that he is in a hospital recuperating from his wounds. At Beatrice, Neb., the Farmers' & Merchants' state bank went into volun. tary liquidation. Arthur Clement and Moses Dent were drowned at Faribault, Minn., while skating on thin ice. The Western Commercial Travelers' association, at the annual meeting in St. Louis, elected Robert B. Dnla, of St. Louis, president. Fire damaged the Coilinsville (III.) zine works owned by Mesker Bros., of St. Louis. to the extent of $100,000. Despondent because of poor health, Joseph B. McCullagh, aged 54, editor of the GlobΓ©-Democrat, threw himself from a window in the third story of his residence in St Louis and was killed. A counterfeit ten dollar national bank note on the Union national bank of Detroit, Mich., is in circulation. One distinguisliable feature is that the back of the note is upside down. Gov. Harris, of Indian territory, has called the legislature to meet in extraordinary session at Tishmingo January 5. The doors of the Commercial national bank of Roanoke, Va., were closed with liabilities of $100,000. Unknown persons murdered William W. Whaley and wife, living near Seaviersville. Tenn. At the age of 28 years Henry Gordon Forker, until recently managing editor of the Chronicle, died at his home in Chicago. in Sioux City, la., the Farmers' Trust company failed with liabilities of $135,000. In Minneapolis the Columbia national bank closed its doors with liabilities of $247,000, and the Washington bank. a state institution in the same city, also suspended. At Forest City, S. D., F ward Ross shot and killed is SW retheart, Miss Mary Brehl, at ae home of her sister, Mrs. Stew irt, nid then killed himself.


Article from The Worthington Advance, January 7, 1897

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The News Condensed. Important Intelligence From All Parts. DOMESTIC. Gov. R. M. Harris, of Indian territory, has called the legislature to meet in extraordinary session at Tishmingo January 5. At the annual meeting in Chicago of the Northwestern Traveling Men's association William H. Cribben was elected president. The death payments for the year amounted to $169,400. Lane county, Kan., has formally been declared insolvent by the county commissioners. A new counterfeit ten dollar national bank note on the Union national bank of Detroit, Mich., is in circulation. One distinguishable feature is that the back of the note is upside down. It is announced that Gov. Bradley inlends to resign the office of governor of Kentucky at an early date because of failing health. The wedding of Count Adam de Moltke Huitfeldt, of Denmark, and Miss Louise Eugenie Bonaparte, daughter of the widow of the late Jerome Bonaparte, took place in Washington. The People's Electric Light & Power company's plant at Newark, N. J., was burned, the loss being $175,000. The Columbia national bank in Minneapolis closed its doors with liabilities of $247,000, and the Washington bank, a state institution in the same city, also suspended. The Commercial national bank of Roanoke, Va., closed its doors with liabilities of $100,000. William W. Whaley and wife, living near Seaviersville, Tenn., were murdered in their home by unknown persons. Henry F. Strauss, aged 72, county clerk of Langlade county, Wis., committed suicide at Antigo. He was a defaulter to the amount of $3,770. It is officially denied at the state department in Washington that Spain has consented to grant home rule to Cuba. Edward Rosa shot and killed his sweetheart, Miss Mary Brehl, at the home of her sister, Mrs. Stewart, in Forest City, S. D., and then killed himself. Jealousy was the cause. For the first time since the present struggle in Cuba began this government has given permission to a customs official to clear for Cuba a vessel (the Dauntless) loaded, according to its manifest, with munitions of war, and presumably intended for the insurgent army. At Holdredge, Neb., Mrs. D. M. Conrad, a teacher in the public schools, was shot by her husband, who then shot himself. Domestic trouble was the cause. The Farmers' Trust company at Sioux City, Ia., failed with liabilities of $135,000. The factory of the Nelsonville (0.) Sewer Pipe company was burned, the loss being $100,000. Mrs. Elias Tucker, aged 54 years, and her step-daughter, Mrs. William Siebel, aged 30, were killed by an explosion of dynamite at Reading, Pa. Stories are again told by passengers arriving in Key West, Fla., from Cuba that Antonia Maceo is not dead, but that he is in a hospital recuperating from his wounds. Levi P. Wyman, aged 64, a famous restaurateur and the founder of "Wyman's sandwich depots," died in Boston from exhaustion produced by three weeks' violent hiccoughing. Willia Lichenberg, 22 months old, and his ten-weeks-old brother Jacob, were suffocated by coal gas at their home in New York. The Bankers' exchange bank at Minneapolis, Minn., has suspended payment. The Commercial state bank of Selma, Ala., closed its doors with liabilities of $300,000. At the annual meeting in St. Louis of the Western Commercial Travelers' association Robert B. Dula, of St. Louis, was elected president. The Farmers' & Merchants' state bank at Beatrice, Neb., went into voluntary liquidation. Comptroller of the Currency Eckels says that he feels no apprehension over the bank failures which have occurred of late throughout the country. Joseph B. McCullagh, aged 54, editor of the Globe-Democrat, threw himself from a window in the third story of his residence in St. Louis and was killed. He had been in poor health for a long time. After a short absence the wife of George Duttera returned to her home near York, Pa., and found her three children burned to death. Moses Dent and Arthur Clement were drowned at Faribault, Minn., while skating on thin ice. The total number of persons who committed suicide in the United States during 1896 is 6,520, as compared with 5,758 in 1895. The Collinsville (III.) zinc works, owned by Mesker Bros., of St. Louis, were damaged by fire to the extent of $100,000.


Article from The Chanute Times, January 8, 1897

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NEWS IN BRIEF. Henry D. Purroy and his political following have deserted Tammany to fight Sheehan. Ella Eager threw herself under her husband's engine. and was ground to pieces at New Haven, Conn. Carlos A. Miller, an American engineer, is in prison in the City of Mexico on a trumped up murder charge. C. A. Walsh of the Democratic national committee is in Idaho working for the re-election of Senator Dubois. Senator Thurston, in a speech before the Chautauqua circle at Omaha, declared for Cuban recognition, war or or war. Comptroller of the Currency Eckels says that he feels no apprehension` over the bank failures which have occurred of late. President Cleveland has included the officers and employes of the federal "pen" at Fort Leavenworth under civil service rules. Father Shaw, assistant pastor of the Holy Angels' church, St. Louis, was held up in his rectory and robbed by a stranger in the afternoon. Three business men were held up by two robbers in an elevator in Chicago in broad daylight. One was relieved of a satchel containing $540. Mrs. Robert Howard, Madrid, Iowa. told her husband she was going to church, then went riding with John Slick, and was killed, he says, accidentally. California fruit growers are going in force to Washington to plead for higher duties and southern boards of trade are uniting in demanding higher rice duties. W. B. Cowen was sent to the Lansing, Kan., pe* from Guthrie, Okla., for six years for stealing a cow. while Pat Johnson. for assault with intent to kill, got off with three years. When the silk and cotton manufacturers had their inning before the house, ways and means committee all argued against ad valorem duties and asked a higher tariff with changes in classification. Wanamaker has publicly attacked Quay, saying he is a disgrace to Pennsylvania. Mr. Wanamaker also declares that without good times within four years changes will come which all the world will feel. Republican club of New York refused to endorse the candidacy of Joseph H. Choate for United States Senator. Union Republican club of Brooklyn and the Progress Republican club of New York adopted resolutions endorsing Thomas C. Platt for Senator. Columbia National and Washington State banks, Minneapolis, Minn., have been forced to close. Carbonate National bank of Leadville is going into Commercial National. liquidation. Roanoke, Va., closed. Farmers' Trust company, Sioux City, Iowa, has gone under. Bombay's plague is increasing. Theosophists are to have a temple in California. Bank of West Superior. Wis. suspended because of a run. Governor Bradley of Kentucky will resign because of failing health. A Guthrie, Okla., admirer of McKinley sent him a handsome ebony goldmounted cane. Tom Platt has declared war on Joseph Choate, republican senatorial aspirant in New York. Bryan declined to attend a silver democratic banquet at Indianapolis, Jackson's day. Julio Sanguilly, an American citizen. has been sentenced for life for conspiracy at Havana. Gomez and his insurgent army are moving westward and concentrating in Santa Clara. Li Hung Chang's visit to England and America has resulted in a determination to Anglicise China. Kentucky's electoral vote will go 12 for McKinley and 1 for Bryan, contests having been withdrawn. La Patrie, a Montreal paper, defies the Catholie church and calls on all Liberal Catholics to revolt. Miss Anna N. Stephens. of Denver, is lying speechless and paralyzed, result of sandbagging by foot pads. James Errison, Tacoma, Wash., had his wife arrested for holding him up and robbing him on the highway. Captain William P. Barlow, secretary of the ex-Confederate Home Association, of Missouri, is dead in St. Louis. In a landslide at Ratsmore, England, laborer's house was overwhelmed a and the man, his wife and seven children buried. Allen Heuse Downen, a Denver footpad, will be hanged the third week in January for the murder of Joel G. Ashworth, June 27. A landslide entirely destroyed the village of Santa Ana de Palago, Italy, demolishing 118 houses and rendering 130 families homeless. Double-decked ferry boat New Brunswick, owned by the Pennsylvania Railroad company, was burned to the water's edge at New York. Loss, $120,000. The safe in the postoffice at Hays City, Kan.. was blown open with dynamite and robbed of $400. The burglars were captured. The Pasteur treatment to prevent failed in of eight persons a hydrophobia three out the bitten cases by of is mad dog. Two are dead and one dwince


Article from The Democratic Advocate, January 9, 1897

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patches. MONTPELIER, VERMONT, January 2.-The Farmers' Trust Company, of Sioux City, Iowa, which closed its doors this week, was an institution in which many people in this vicinity had faith, and the failure will prove a hard blow to its Vermont investors. It is estimated that $100,000 in stock of the company was held in this county. According to returns since the failure, eighty per cent. of the liabilities of $135,000 is said to be due the people of this state. Frank A. Dwinell, the president, George W. Wing, the treasurer, and Clark King, one of the directors, reside here, and the company had an office in this city. Yest's Weekly, Republican, of Staunton, Virginia, has been placed in the hands of a receiver. LIBERTY, IND., Jan. 3.-Henry Husted, cashier of the Union County National Bank of Liberty, Indiana, was found hanging by the neck to a rafter in his stable Saturday. His knees were touching the floor, and he was dead when found by his Husted's financial affairs were believed to be in good condition. He was 67 years old. The past year was a bad one for railroads, since 5,441 miles went into the hands of receivers, involving $178,064,000 of bonds and $102,538,000 of stocks. The B. and O., with 2,094 miles, and the Louisville, New Albany and Chicago, with 501 miles, were the principal sufferers. The present era of receiverships began, says the Railway Age, in 1892, when 10,508 miles of road were involved. In 1893 the milleage was 29,340 miles, in 1894 it was 7,025 miles, in 1895 it was 4,089 miles. To find like figures we have to go back to 1885, when 8,386 miles went into receivers' hands. and 1884, when the mileage was 11,038 miles. In the intermediate years the average was little over 2,000 miles. The five years beginning with 1892 broke the record. Foreclosures in 1896 affected 1,373 miles and $1,150,377,000 of stocks and bonds. Since 1876 the sales under foreclosure have aggregated 89,487 miles, with $5,440,239,000 of stocks and bonds. The Sullivan Savings Institution. of Claremont, N. H., has been placed in the hands of assignees. The Western Paper Bag Company, of Batavia, III., one of the Van Nortwick plants, was placed in the hands of a receiver by the United States Court at Chicago on Saturday. The receiver was required to give a bond of $100,000. A receiver has been appointed for the Little Rock and Mississippi Railroad, a short uncompleted line near Little Rrck, Arkansas. The employes of all the mines in the Massillon, Ohio, district, about 2000 men, have struck on account of a reduction 111 the price of pick mining from 61 to 51 cents per ton. The employes of the Illinois Steel Company have been notified that their wages would be cut on February 1. There are 3500 men employed at the South Chicago mills. M. W. Pyne, dealer in musical instruments, Petersburg, Virginia, made an assignment. The Aberdeen Can Co., of Harford county, Md., has been placed in the hands of a receiver. Attorney General Maloney, of Illinois, has filed an information in court, at Chicago, against the International Building, Loan and Investment Union, declaring it to be insolvent, and for the appointment of a receiver. The Mercantile Trust Company, of New York, filed a bill in St. Louis Thursday for a foreclosure against the St. Louis, Salem and Arkansas Railroad. Quigley & Mullen, wholesale grocers, Wilmington, Delaware, have failed; liabilities $76,000, assets $26,000. Liebler & Maas, printers and lithographers, New York, have assigned. Liabilities, $99, 179; nominal assets, $128,598; actual assets, $34,839. At Liberty, Ind., the Columbia Drill Company has gone into the hands of a receiver. The assets are $17,000. J. H. Johnston & Co (corporation, dealers in diamonds, jewelry and silverware, New York, have assigned. A receiver has been appointed for the Dorner & Dutton Car Wheel Manufacturing Co. Covignat judgments amounting to $68,000 were previously taken against the company. The Bank of Canton, at Canton, Minn., and the Citizen's Bank, of Lanesboro. Minn., both owned and operated by Field, Kelsey & Co., have suspended business. The Commercial Bank of Eau Claire, Wis., capital $30,000, closed Tnursday. Depositors will be paid in full. The Iowa mortgage Company of Hartford, Connecticut, has asked for a receiver. Liabilities $218,129, including $100,000 paid up capital. C. L. Richardson, grocer, and Mrs. H. F. Brown grocer, both of Norfolk, Virginia, have assigned. On Monday three more banks closed their doors in St. Paul, Minnesota. The Merchant's National Bank of Dev. il's Lake, North Dakota, and the First City Bank of Moran Springs, Iowa. M. Schneeberger, Westminster, Md., dry goods, notions, &c. George E. Mather &. Sons, printer's ink manufacturers, New York city have failed.


Article from Bismarck Daily Tribune, May 17, 1902

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# THE COURT DECIDES SUPREME COURT HANDS DOWN DECISION IN A CASS COUNTY CASE. The supreme court, in an opinion written by Chief Justice Wallin, has affirmed the district court in the case of Woodhull vs. the Farmers Trust Company of Sioux City, Iowa, and George H. Hollister as receiver. The syllabus of the opinion is as follows: In this action both defendants are non-residents of this state and service was made by publication. The action is brought to recover damages for alleged breach of a contract made between the defendant Trust company and the plaintiff. Long prior to the commencement of this action, the defendant George H. Hollister was, by an order made by a competent court of the state of Iowa, appointed receiver of the estate of said Trust company and after qualifying as such, Hollister took possession of the effects of said Trust company, among which were seven interest coupon notes of the face value of $70 each. Said receiver, after taking possession of the notes in the state of Iowa, brought the same within this state for a lawful purpose and while the notes were in this state the same were seized by the sheriff under a warrant of attachment issued in this action. Upon motion made in behalf of the defendants, appearing specially, the district court by its order vacated the attachment and set aside the service of the summons. Held, that the order of the district court was properly made. It is a rule resting upon comity between the states that where a receiver, as such, has obtained rightful possession of personal property within the jurisdiction of his appointment, he will not be deprived of its possession when he takes the property, in the performance of his duty, into a foreign staet. When in a foreign jurisdiction the property cannot betaken by attachment from the receiver's possession by creditors of the insolvent debtor. An opposite rule would prevail where a seizure of the property is made by a creditor prior to the appointment of the receiver or prior to his taking possession within the state of his appointment. (Syllabus by the court.) The plaintiff appeals from an order of the district court of Cass county, Charles A. Pollock, judge. John E. Greene, attorney for appellant. Ball, Watson & Maclay, attorneys for respondents.