Article Text
Not in the Swim. KINGSTON, Mo., Aug. 10.-The Caldwell county bank at this place and the Exchange bank of Polo closed their doors yesterday morning. Both banks are owned by John D. Cox. There is no run on other banks.
Caldwell County Bank (Kingston, MO)
Episode Information
- Episode UID
3513200391124- Episode Type
- Suspension โ Closure
- Bank Type
- trust
- Bank ID
-
351320039hash - Start Date
- August 10, 1893
- Location
- Kingston, Missouri (39.644, -94.039)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
454afe6b89f4a936
Response Measures
None
Description
Multiple contemporaneous dispatches report the bank closed its doors Aug. 10, 1893; ownership by John D. Cox noted in several articles.
Events (1)
1.
August 10, 1893
Suspension
- Cause
- Macro News
- Cause Details
- Closed amid the nationwide financial stringency/panic and tightness of the money market in August 1893.
- Newspaper Excerpt
- The Caldwell county bank at this place and the Exchange bank of Polo closed their doors yesterday morning.
- Source
- newspapers
Newspaper Articles (11)
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O'BRIEN *WAGON WORKS GONE UP. Receiver Appointed Yesterday at Lafayette, Where Hard Times Caused the Failure, Special to the Indianapolis Journal LAFAYETTE, Ind., Aug. 10.-This morning the O'Brien Wagon Works Company. of this city. went into the hands of Jacob Marks, receiver. At the beginning of the month the company notified their employes that there would be a reduction of 10 per cent. in wages. The men, or a portion of them, refused to accept the cut, and the company closed down the entire plant, throwing out 165 men. The firm was doing a good business and was making steady shipments of wagone, and, until the stringency in the money market came along, was able to promptly discount good paper. Collections among the wholesalers and retailers were poor, and the company reached a point where their paper, although firstclass, would not be cashed by the banks. They have a large amount of material and orders on hand, but concluded it was better not to make up the wagons and scatter them all over the country and wait for the money, 80 the receiver was appointed. A rough estimate of the obligations of the firm puts the figures at $90,000 or $100,000. They have a good plant, located on the line of the Beltrailway. Other Business Troubles. ST. PAUL, Aug. 10.-The Seven Corners Bank, which closed its doors Aug. 4, was not the victim of the financial stringency. The showing made by the official statement of the assignee was filed late this afternoon, and shows the institution was wrecked by its cashier. C. A. Hawks, who lossed from $25,000 to $50,000 of the bank's money to some people almost without security. HUTCHINSON, Kan., Aug. 10.-The Hutchinson & Southern railroad, with headquarters in this city, and operating letween Hatchinson and the Indian Territory, passed into the hands of a receiver to-day. Otto Miller, the superintendent of theroad, was appointed receiver by the United States District Court for the district of Kansas. KINGSTON, Mo., Aug. 10.-The Caldwell County Bank, of this place, and the Exchange Bank at Polo have closed their doors. Both banks were owned by John D. Cox. The Polo bank was the county depository and all of the county revenue 18 tied up. SEDALIA, Mo., Aug. 10.-The Evening Bazoo, having been published for nearly a quarter of a century without missing an issue, went to the wall last evening. The paper is owned by the J. West Goodwin Printing Company. LEROY, N. Y., Aug. 10.-Frank C. Lathrop's Bank has closed its doors. He has made an assignment to James Kinny. He claims all depositors will be paid in full, and ascribes the failure to the tightness of the money market. MARSHALLTOWN, Ia., Aug. 10.-The Hamilton County State Bank, of Webster City, closed its doors to-day. bnt the officers say it will only be temporary. The assets are reported at $145,000 and the liabilities at $130,000. EBENSBURG, Pa., Aug. 10.-Johnson, Buck & Co.'s bank, of this place, with branches at Carroltown and Hastings, closed its doors at noon to-day. Assets in excess of liabilities. CINCINNATI, O., Aug. 10.-The Central Forniture Association. a co-operative concern. was to-day placed in the hands of C. F. Spreen. receiver. Assets, $63,000; liabilities. 84,000. NEW ORLEANS, Aug. 10.-Thecommercial community uniformly approves the action of the clearing-house banks of this city in deciding to limit cash withdrawals to $50 per day. NEW YORK, Ang. 10.-Judge Ryan has appointed Miles M. O'Brien and Peter F. Meyer receivers of the Madison-square Bank. Their bond 18 placed at $200,000. BOSTON, Aug. 10.-Henry A. Hartley & Co., carpet dealers, doing business on the corner of Washington and Elm streets, made an assignment yesterday. CINCINNATI, Aug. 10.-Henry Brackman. dealer in gentlemen's furnishing goods, has assigned. Liabilities, $40,000; assets nominally the same.
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A NUMBER OF ADDITIONAL ASSIGN. MENTS DURING THE DAY. Banksand Other Business Houses Continue to Close Their Doors and Several Mills Shut Down- Others Resume Work. NASHVILLE, TENN., August -The suspension of the First National Bank last evening was followed to-day by the suspension of payment by the American National Bank, one of the largest and strongest in the city, The bank has a capital stock of $1,000,000 and a surplus of $116,000. When the bank opened for bus iness at the usual hour there were many depositors about its doors, and soon a run was made. The crowd was very orderly. and were paid as rapidly as possible. Meanwhile a run began on the Fourth National Bank, which has a capital stock of $1,000,000, and a surplus fund of $200,000. and is regarded by business men as perfectly solvent. The directors of both the American and Fourth National Banks published cards this morning to the effect that their banks were perfectly solvent, and also pledging their personal estates to the payment of depositors. The run on the American National Bank was stopped at 9:30 o'clock by the announcement of the fact that they would suspend payment. The directors of the Safe Deposit, Trust and Banking Company met at an early hour and decided, in view of the excitement prevailing, to take advantage of the clause in their charter requiring depositors to give sixty days' notice of withdrawal of deposits The board posted a notice stating that the depositors are absolutely safe for every dollar they have in the bank. There was no run on this bank, and but few depositors presented checks for payment. WASHINGTON, D. C., August 10.Comptroller Eckels has ordered Bank Eaxaminer Plumbly to take charge of the failed First National Bank of Nashville, Tenn., and Examiner Provoost, of of the failed Union National Bank, Rochester, Minn. KINGSTON, MO., August 10. The Caldwell County Bank, at this place, and the Excange Bank, of Polo, closed their doors yesterday morning. Both banks were owned by John D. Cox. There is no run on the other banks. EBENSBURG, PA., August 10. The banking firm of Johnston Buck & Co., of this place, conducting banks at Ebensburg. Carrollton and Hastings, closed their doors at noon to-day, and placed the following notice at the entrance: "We have assets in excess of our liabilities, but, owing to the constant demand for currency in the last twenty-four hours, we consider it to the best interest of the all concerned to suspend payments for present." The bank will resume business as soon as the financial panic subsides. INDIANAPOLIS IND., August 10.-J. M. Rider, wholesale cigar and liquor dealers. assigned yesterday with assets and llablities in the neighborhood of $10,000. He has been dealing in non-union cigars, and four years ago the Cigarmakers' Union began a systematic boycott upon him, which has been vigorously prosecuted ever since. To this he ascribed his failure. LAFAYETTE, IND., A'ugust 10.- The Bryan Wagon Works this morning went into the hands of a receiver. Jacob M. Marks was appointed. Liabilities of the company are placed at $100,000 The assets, it is claimed, will much more than pay out, if they can be realized on. WABASH, IND., August 10.-John E. Figert, manufacturer of wagons and carriages at Disko, this county, and an extensive land owner in the same neighborhood. made an assignment for the benefit of his creditors. No statement of his liabilities and assets has been made, but, it is asserted, all claims will be paid in full. LAFAYETTE, IND., August 10.-The Physicians' Electrical Supply Company assigned yesterday to Isaac Russell. The concern has been a prosperous one, but inability to collect money due forced the assignment. No statement as to liabilities and assets. It is thought the company can pay dollar for dollar on the indebtedness. MITCHELL IND., August 10.-Many quarries in this county have shut down stone indefinitely on account of the lack of demand for stone. Hundred of lahorers are out of employment and without means of support. CINCINNATI, OHIO, August 10 ).-The distilleries belonging to the Whiskey Trust will be shut down as a result of the government order requiring payment of taxes in currency. W. N. Hobart, of the trust, has returned from Peoria, treasurer where be has been in consultation with President Greenhut. As the result of the conference the order to shut down will go forth. PUEBLO, COL., August 10.-The steel plant of the Colorado Fael and Iron Com- Monpany here will resume operations with a full force of 1,600 men, after day a shut down for three weeks for repairs. The company has large orders ahead, and will run for a year, it is.said, without a cessation of operations. PHILADELPHIA, PA., August 10.Bromley & Sons' extensive carpet mills in Kensington, the manufacturing cuburb Philadelphia, whose mills shut Town last week, of temporarily hands have rearnoed operations. About 3,000 are employed. PROVIDENCE, R. I., August a-The B. B. and R Knight mills, which have been idle the past week, will start up Monday next. The firm operates mills in Portiac, Natick, River Point, Arctic, Fisheville, Arkwright, White Rock and this city in this State, and in Hebronville, Dodgeville, Manchaug and Readville in Massachusetts, employing between 7,000 and 9,000 hands. NEW HAVEN, CONN., August 10.The North and South foundries of the big Sargent Company's works were shut down last night and will run only three days a week, beginning on Monday next 200 men are are manuand that the say factured About they goods, overstocked affected. with The demands firm are very light.
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SUSPENDED BANKS. Several Heavy Collapses in Nashville, Other Fallures. NASHVILLE, Aug. 10.-The American National bank suspended this morning. The Safe Deposit Trust and Banking company has taken advantage of the 60day notice. The American National was one of the strongest banks in the city; it has a capital of $1,000,000 and 8 surplus of $116,000. The suspension is the result of a run caused by the suspension of the First National last evening, in spite of a published card by the officers saying the bank was perfectly solvent, and pledging personal estates to depositors. A run was also begun on the Fourth National. It has a capital of $1,000,000 and a Burplus of $300,000 and is considered perfectly solvent. The Safe Deposit, Trust and Banking company has posted a notice that depoeitors are safe for every dollar. The run on the Fourth National bank ceased at 5:30. The bank's officiale say the deposite of the day were almost equal to the withdrawals. WEBSTER CITY, Ia., Aug. 10.-Hamilton County State bank, one of the oldest banks in this section, closed its doors today. Liabilities, $132,000; assets, $250,000. KINGSTON, Mo., Aug. 10.-The Caldwell County bank of this place and the Exchange bank of Polo have failed. The latter was the county depository and all the county revenue is tied up. EBENSBURG, Pa., Aug. 10.-Johnston, Buck & Co., with banks here and at Carrollton and Hastings, have BUSpended. They claim assets in excess of liabilities. LEROY, N. Y., Aug. 10.-Lathrop's bank has failed. It is claimed it will pay in full.
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Missouri Banks Go Under. Kingston. Mo., Aug. 10.-The Caldwell County Bank at this place and the Exchange Bank of Polo closed their doors yesterday morning. Both banks are owned by John D. Cox. There is no run on other banks.
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BANKS AND BANKERS IN TROUBLE. Leroy, N. Y., Aug. 10.-Frank C. Lathrop's bank has closed its doors. He has made an assignment to James Kinny. He says that all depositors will be paid in full and ascribes the failure to the tightness of the money market. Ebensburg, Penn., Aug. 10.-The banking firm of Johnston Buck & Co., of this place, conducting banks at Ebensburg, Carrolltown and Hastings, closed their doors at noon to day and placed the following notice at the entrance: "We have assets in excess of our liabilities, but owing to the constant demand on us for currency in the last twenty-four hours we consider it to the best interest of all concerned to suspend payments for the present." The bank will resume business as soon as the financial panic subsides. Chicago, Aug. 10.-The South Side State Bank passed into the hands of a receiver yesterday afternoon. The bank has been doing business since June 1. The capital stock was placed at $200,000, but it is alleged only a small percentage of this sum was paid in. The deposits will not exceed $18,000, and were made largely by the various stockholders of the bank. Kingston, Mo., Aug. 10.-The Caldwell County Bank at this place and the Exchange Bank of Polo closed their doors yesterday morning. Both banks are owned by John D. Cox. There is no run on other banks. Kansas City, Mo., Aug. 10.-The First National Bank of Fort Scott, Kan., the oldest bank in Kansas, which suspended recently, will resume next Menday in better shape than ever. Woodstock, III., Ang. 10.-G. H. Hallock, of Munda, whose bank closed its doors a week ago, was bound over to the Grand Jury yesterday on the charge of receiving deposits after insolvency.
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CONDENSED DISPATCHES. Lathrop's bank, at LeRoy, N. Y., has suspended. Mrs. Langtry has again cancelled her engagement in this country. Hon. Patrick Egan, ex-minister to Chile, arrived in New York yesterday. The O'Brien Wagom Works, of Lafayette, Ind., have failed. Liabilities, $100,000. Gen. Miles has received orders to clear and keep clear the Cherokee strip of squatters. President Cleveland was hung in effigy at Golden, Cola, Wednesday night, by silver onthusinets. The Caldwell county of bank, of Kingston, Mo., has suspended. The assets are.in excess of the liabilities. The water in the Arkensas river rose eight feet in an hour at Pueblo, Col., Tuesday night. A great deal of damage was done to bridges and railroads. Johnston, Buck & Co., of Ellensburg, Pa. with banksat Ellensburg, Carroliton and Hastings, have suspended. The assets are in excess of liabilities. The American National Bank of Nashville has failed. The Safe Deposit Trust and Banking Company has taken advantage of the sixtydays' notice clause. Tommy Hill, Henry Smalley and Gus Sanders were killed, and Joe Bright and Joe Wallman badly scalded by a boiler explosion at Marshall, Tex., on Wednesday. The Terre Haute car works at Terre Haute, Ind., covering several acres, were burned Thursday night. A statement of loss is not obtainable; insurance, $150,000. A crowd of 200 men at St. Joseph, Mo., are scouring the country looking for a tramp who attempted to outrage a Mrs. Mann and, failing in his attempt, brutally beat her. The Clingman injunction suit was before Judge Coggin, of Chicago, yesterday on a motion to dissolve made by the World's fair managers. The hearing is set for Friday. Miss Mary A. Black, while temporarily insane in Chicago, shot herself through the heart Monday night. She was visiting the fair with her brother-in-law, Capt. Black, of the United States army. Gov. Osborn. of Wyoming, has decided not to appoint at present anyone to succeed Senator Beckwith, resigned. He will wait and see if the senate will seat appointees; If it won't he will call a special meeting of the legislature. Fire on Thursday destroyed the large salt warehouse of L J. Pettit in the Menominee valley, near Milwaukee, also the works of the Northwestern Sleigh Company and the lumber yards and mill of H. J. Hilty, of Milwaukee; loss, $100,000. The stockholders of the wrecked Paci fie bank, San Francisco, have removed R. H. McDonald, jr., from his position as vice president. During the absence of his father, Dr. McDonald, the management of the bank was in charge of the vice president. Mrs. Edward Gorman, of New York, was burned to death Wednesday night. she was leaning over a folding bed and had a lamp in her hand when the bed closed up, making her a prisoner. The lamp set fire to the bedding. She left a husband and five children. After waiting five years for the repeal of the English law prohibiting marriage with a deceased wife's sister, Commander Gibbons, of the Royal Navai artillery and stationed at Kingston, Ontario, crossed to the United States and was married to his sister-in-law, Miss Helen M. Wharding, yesterday. Secretary Gresham needs $100,000 to pay the expenses of his office. A good part of this deficit is due to the expense incurred in the entertainment of foreign visitors, notably the Duke of Veragua. While the duke was in Chicago and being Inxuriently provided for, he wrote to the president expressing his regret that he would be delayed in reaching Washington City to pay respects to the chief executive. In reply he was informed that the president would release him from any obligation he might feel in that direction. He was further advised that asrangements had been made for his return to Spain. He finally took the hint. and the state department felt great relief when he was gone. He cost the state department $40,000, and private persons as much more.
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Telegraphic Key-Taps. The Caldwell County Bank, at Kingston, Mo., and the Exchange Bank, of Polo, Mo., closed their doors Wednesday morning. The American National Bank. Nashville, Tenn., has suspended payment. The Safety Deposit Trust and Banking Company. Nashville, has taken advantage of the sฤฑxty-day-noticerule. The O'Brien Wagon-Works Company. Lafayette, Ind.. vesterday went into the hands of a receiver. Liabilities, $100,000. assets. it is claimed. much more than enough to pay out if they can be realized on.
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TELEGRAPHIC BRIEFS. The bank of England has advanced the rate of discount from 3 per cent. to 4. At LeRoy, N. Y., Lathrop's bank has failed. It will, it is said, pay in full. At Lafayette, Ind., the O'Brien Wagon works has failed. Liabilities, $100,000. Sales of silver at the New. York stock exchange yesterday were 10,000 ounces at 78ยฝ. Of 357,000 ounces of silver offered yesterday the treasury bought 332,000 ounces at $0.75.15. Hon. Patrick Egan, ex-minister to Chili, arrived in New York by steamer yesterday morning. At Golden, Col., President Cleveland was hanged in effigy Wednesday night by the free silver enthusiasts. Johnston, Buck & Co., with banks at Ebensburg, Carrollton and Hastings, Pa., have suspended, They claim their assets are in excess of liabilities. Two new cases of cholera were discovered on board the quarantined vessels in New York harbor. There was one death from well defined cholera on Swinburne island last hight. The Caldwell county bank at Kingston, Mo., and the Exchange bank of Polo, Mo., have failed. The latter is the county depository and all county revenue is tied up.
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Financial and Commercial. The Bank of Wellsburg at Wellsburg, W. Va, closed its doors. The assets are $300, 000, with liabilities said to be not over hal that amount. The First national bank of Nashville, Tenn., suspended. It claims assets 0 $3,047,983. The City savings bank also suspended. The Bank of Colfax, at Colfax, Wash., suspended. The Commercial Bank of Minneapolis, Minn., suspended. New Orleans savings banks will require from depositors 60 days' notice of intended withdrawals. There was a run on the Germania savings bank on Tuesday. The Caldwell County bank of Kingston, Mo., and the Exchange bank of Polo, Mo., have closed their doors. The First Na ional Bank of Fort Scott, Kansas, the oldest bank in Kansas, which suspended recently has resumed. The American National Bank, Nashville, Tenn., has suspended payment. The Safe Deposit Trust and Banking Company has suspended temporarily. The Hamilton county state bank, Web ster City, la., one of the oldest and best banks in Iowa closed its doors on account o: inability to realize on assets.
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Financial and Commercial. The Bank of Wellsburg at Wellsburg, W. Va., closed its doors. The assets are $300,000, with liabilities said to be not over hat that amount. The First national bank of Nashville, Tenn., suspended. It claims assets o $3,047,983. The City savings bank also suspended. The Bank of Colfax, at Colfax, Wash., suspended. The Commercial Bank of Minneapotis, Minn., suspended. New Orleans savings banks will require from depositors 60 days' notice of intended withdrawais. There was a run on the Germania savings bank on Tuesday. The Caldwell County bank of Kingston, Mo., and the Exchange bank of Polo, Mo., have closed their doors. The First Na ional Bank of Fort Scott, Kansas, the oldest bank in Kansas, which suspended recently has resumed. The American National Bank, Nashville, Tenn., has suspended payment. The Safe Deposit Trust and Banking Company has suspended temporarily. The Hamilton county state bank. Web ster City, Ia., one of the oldest and best banks in Iowa closed its doors on account 01 inability to realize on assets.