First National Bank (Great Falls, MT)

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Episode Information

Episode UID
352501123
Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
35250 national
Charter Number
3525
Start Date
July 28, 1893
Location
Great Falls, Montana (47.500, -111.301)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
18f2e148fed24bc8

Response Measures

Accommodated withdrawals, Public signal of financial health, Partial suspension, Full suspension

Receivership Details

Date receivership started
1893-08-05
Date receivership terminated
1894-03-26
OCC cause of failure
Losses

Events (8)
1. July 1, 1886 Chartered
Source
historical_nic
2. July 28, 1893 Run
Cause
Local Banks
Cause Details
Withdrawals and panic in Great Falls triggered by the Helena bank suspensions and general stringency; continual drain of deposits over weeks
Measures
Paid out large sums in cash to depositors over six weeks; warnings issued to public
Newspaper Excerpt
In the course of six weeks the First National bank of this city has paid out to its nervous depositors more than $300,000 in cash
Source
newspapers
3. July 28, 1893 Suspension
Cause
Local Banks
Cause Details
Bank suspended because of heavy deposit withdrawals due to the Helena bank suspensions and money-market stringency
Newspaper Excerpt
The First National Bank of this city suspended payment this morning. owing to the Helena bank suspensions.
Source
newspapers
4. August 5, 1893 Receivership
Source
historical_nic
5. August 5, 1893 Receivership
Newspaper Excerpt
Comptroller Eckles has appointed Gold S. Curtis receiver of the First National bank at Great Falls, Mont.
Source
newspapers
6. August 19, 1893 Other
Newspaper Excerpt
Receiver Curtis' report gives assets, including stockholders' liabilities, at $1,337,140; liabilities at $761,357; stockholders propose time certificates to depositors to relieve situation.
Source
newspapers
7. March 24, 1894 Reopening
Newspaper Excerpt
The First National bank, which closed its doors during the panic, will open for business again on Monday morning next.
Source
newspapers
8. March 26, 1894 Restored To Solvency
Source
historical_nic

Newspaper Articles (23)
1. March 26, 1892 The Hood River Glacier Hood River, OR
Article from The Hood River Glacier, March 26, 1892

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PACIFIC COAST. Mining Excitement in California. FORGED ORDERS DISCOVERED. An Escaped Convict From San Quentin Caught After Being Free for Several Years. A cavalry troop is to be organized at Portland. Governor Colcord has appointed April 1 as the arbor day for Nevada. The Dayton mine at Silver City, Nev., is being worked under a lease. At Boise, Idaho, one Rumpel is suing the Union Pacific for $20,000 for the loss of a leg at Nampa. San Diego, it is said, is to be made the distributing point of the St. Paul and Tacoma Lumber Company. The British government refuses to recognize the claim of Captain McLean, seized by the Russians in the Behring to the of Sea, protection the British flag. Tobias H. Seeling, a prominent resident of A. Phoenix, T., killed himself, to financial losses and involvein the funds owing ments expenditure of the of the Knights of Pythias lodge. At Victoria, B. C., the eagles have been set free from the park, the wolves and the deer will be owto the refusal of the apshot, ing Council liberated, to propriate funds for their support. Bradstreet's mercantile agency reports fourteen failures in the Pacific Coast States and Territories for the past week, week against twenty-three the week previous of 1891. and twenty the same The report that the First National Bank of Great Falls, Mont., is in the receiver a reward been name of the who of on hands A person number of has a bank forged originated offered orders for is the the false, report. various and departments at Sacramento for salaries are in existence, amounting altogether to $1,700. The forgeries were discovered on of the over presentation several to City Auditor. The suit of Mrs. A. J. Fiske against Travelers' Insurance Company for on the life of her $10,000 the husband, Fiske, J.D. Fiske, is on trial at Fresno. it will be was shot remembered, and killed by John Stillman. The grip has again reached the Indians in Alaska, and the fatalities are severe to a very according recent arrival at Victoria, B. C., from Alaska. The Indians around Juneau, Wrangel and Chilcat, says this authority, are in a state of terror, and at all the camps and villages holes have been dug, into which the dead Indians are unceremoniously thrown. At Oreana, Owyhee county, Idaho, Deputy Constable Fleming shot and instantly killed Samuel J. Pritchard, a Deputy United States Marshal. Fleming had a warrant for Pritchard's arrest on a charge, simple assault "hold and his hands" because the latter would not up at the command of Fieming he was shot. There is much excitement over the affair. Pritchard was unarmed. John McAdoo has been arrested at Stockton and identified as an escape from San Quentin in 1885. He had lived one day an in was Stockton caught several stealing, years, and but investigahome showed he had long carried on a tion of his system of thefts. He originally was sent from San Francisco to for ten on a asprison years charge of sault with intent to murder.

2. October 15, 1892 Red Lodge Picket Red Lodge, MT
Article from Red Lodge Picket, October 15, 1892

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HE IMPORTED "SCABS." Union. Collins Antagonizes the Carpenters' Falls Leader, October 3: "Did Great notice," said a member of the Tribune Carpenters' you union, "that Sunday's honor that T. E. Collins is only an Canada says director in the Great Falls & re ary and therefore not in any way sponsible road for the wholesale employment law OD alien labor in violation of the of that road, of which he is vice presiden' That is American representative? and slim way to dodge the responsi be will pretty attaching to him. Perhaps of the bility that he is honorary president not resay First National bank and therefore about spousible for the attempt made workmonths ago to defraud union eight by introducing "scab" carpenters of from men Minueapolis to take the place on the union labor in the finishing work Tim may First National bank building. not be an 'honorary' vice presi- is or may of the Lethbridge road. There dent doubt in the minds of the members being little of the Carpenters' uniou about his far as 'onery' president of a bank, so goes an his treatment of organized labor that me give you the history of union affair Let and you will see that the men have no cause to love him." by "The Townsite First National company, bank and was the built First the National bank of which T. E Collins, democratic candidate for governor is and the the proprietor of the Tribune, built president, being a home enterprise the parties equally interested in pros- and by of the town, it was expected promised per that it would be constructed and of home material 88 far as possible, in home labor, and this policy was when by carried out for a while. But in the fact finishing work came to be done dethe early part of this year a new this parture was taken, and while up to date only bome labor had been employed contract living Montana wages, this the let to a Minneapolis man by lot was of Alexander, who imported a of name non-union "scabs" from Minneapolis Great to do the work, thus depriving Falls workmen of the job. "The Carpeuters' union here took union the matter up and at a meeting of the Mr. appointed a committee to wait on Collins and the owners of the building should and request that only union men only be employed and union wages should be paid on the building. They Mr. met with the statement from his Collins were that the matter was beyond How control, as the contract was let. effective the union had a very a 11 ever. method of bringing the bank president time, and after a few of the leading with to round not pay bank he concluded that it would and t monkey with the labor buzz saw, that 11 found to a way to arrange matters so D labor was thereafter employed. declared union boycott which had been withdrawn. The the bank was then negoagainst is fair to say that during these the tiatious It Mr. Collins proved himself uncompromising enemy of organized officers of while some of the other secure labor, bank did what they could to c i a the satisfactory solution of the trouble. 1 "It is also true that before Mr. Collins concluded that is was possible to work employ at organized labor on the finishing he First National bank building went the personally and tried to induce some, to least, of the other banks in the city combine at with him in a crusade against reunion and defeat its purpose by from the fusing to take deposits withdrawn boyK the First National on account of the cott and failed in his efforts. o t "When the whole story of T. E. labor Cole record in connection with the inter g lins' is known it will makea very in unions contribution to the political in a esting famy literature which is now running the Tribune' " i

3. July 29, 1893 The Helena Independent Helena, MT
Article from The Helena Independent, July 29, 1893

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TWO TO ONE, The Proportion of Assets to Liabilities of the Bank. Special to The Independent. GREAT FALLS, July 28.-The First National bank fareed to o; on its doors this morning. Notice was posted on the main entrance that. owing to the continual drain of deposits, inability to realize on loans, and the general stringency in the money market, the bank was compelled to suspend temporarily. President Scott says the assets exceed liabilities two to one, and that every depositor will be paid 100 cents on the dollar. The suspension created very little excitementand will not, it is thought affect any of the other banks. L. G. Phelps has been appointed receiver for the Merchants National bank. The Great Falls Iron works made a voluntary assignment this afternoon to Frank Brown. A statement of the concern's assets and liabilities cannot'be secured.

4. July 29, 1893 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, July 29, 1893

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ALL QUIET AT HELENA No More Bank Failures and But One Business Assignment. COLLAPSE AT RED LODGE J. H. Conrad & Co. Assign Their Large Business- A Failure at Great Falls-The - First National Bank. Special Dispatch to the Standar 1. HELENA. July 28. There have been no more bank failures in Helena and there was no excitement to-day. There is a feeling that the worst is over and consequeatly a renewal of confidence. M. M. Holter, a brother of A. M. Holter and a partner in the big hardware firm. assigned to-day to protect his interests. The assets are nearly $1,000,000 with liabilities of about $36,000.

5. July 29, 1893 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, July 29, 1893

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Record of Failure. [By telegraph to the Dispatch.] ELLENSBURG, WASH. July 28. - -The Ellensburg National Bank suspended payment yesterday. No statement. George B. Markle, president of Town's Bank, which failed in Portland yesterday. was also president of the Ellensburg Bank. SPARTA, Wis., July 28.-Two banks closed their doors here yesterday-the M. A. Thayer Bank and the Bank of Sparta. The cashiers of both institutions claim that the action was taken to, protect depositors and that the banks will resume. The liabilities of the M. A. Thayer Bank are placed at about $175,000. and the assets at $225,000. while the liabilities of the Bank of Sparta are said to be $210,000, with assets of $500,000. MOUNT STERLING, Ky., July 28. -Last evening the officers of the Traders' Deposit Bank decided to suspend payment. owing to a heavy run on the bank yesterday. caused by the suspension of the Farmers' Bank. The bank owes $150,000 and has $39,000 of good assets. The officers hope to resume business at an early day, NEW YORK, July 28.-The failure of Horatio D. Averill was announced at the Consolidated Exchange this morning. Lia. bilities small. NEW YORK, July 28. - -Adolph Goldsmith and Sigmund A. Goldsmith, composing the firm of Adolpn Goldsmith & Son, jewellers and diamond dealers, 38 Maiden Lane, to-day assigned to Jonas H. Monsheimer, with preferences for $38,043 to numerous creditors. SAN ANTONIO, TEX., July 28.-The extensive coal mines of the Mineral Colliery Company. in Webb county, have closed down. throwing a large number of men out of work. There IS no prospect of starting again. The men are leaving the county. GREAT FALLS, MONT., July 28. - The First National Bank of this city suspended payment this morning. PROVIDENCE, July 28.-The following cotton-mills in Burrillville have closed: A. L. Sales & Sons, Arnold & Perkins, Job E. Fiske, Jr., W. A. Inman, William Linkham & Co., and J. B. Nichols & Sons. CHIPPEWA FALLS, WIS., July 28.-G. E. Seymour's private bank closed its doors here this morning. PORT WASHINGTON, WIS. July 28.-The German-American Bank closed its doors this morning. There are ample securities, and depositors will lose nothing. DENVER, COL., July 28.-The Denver Hardware Company failed to-dav. ExState-Treasurer Corning is at the head of the firm. BOSTON. July 28.--E. W. Chapin & Co.'s satinet-mill, at Northboro', Mass., has shut down and the firm has assigned.

6. July 29, 1893 The Herald Los Angeles, CA
Article from The Herald, July 29, 1893

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A Great Falls Bank Fails. GREAT FALLS, Mont, July 28.-The First National bank failed this morning owing to the Helena bank suspensions. The assets are much above the liabilities. It is believed it will soon resume. The bank has a capital of $250,000; deposits about $650,000.

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

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MORE BANKS FAIL. Four In Wisconsin, One in Montana, and Another in Kentucky. MILWAUKEE. July 28.-Two banks in Sparta. Wis., closed their doors here yesterday. the M. A. Thayer Bank and the Bank of Sparta. The cashiers of both institutions say that the action was taken to protect depositors and that the banks will resume. The liabilities of the M. A. Thayer Bank are placed at about $175.000 and the assets at $225,000: while the liabilities of the Bank of Sparta are said to be $210,000. with assets of $300,000. The German-American Bank at Port Washington and Seymour's Bank at Chippewa Falls, Wis., failed to-day. GREAT FALLS. Mont. July 28.-The First National Bank of this city suspended this morning. owing to the Helena bank suspensions. Assets are much above liabilities. and it is believed it will soon resume. The bank was owned in large part by the Great Falls Town Site Company. and was a depository for the Great Northern Railway. It has a capital of

8. July 29, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, July 29, 1893

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A Great Falls Bank Suspends. GREAT FALLS, Mont., July 28.-The First National bank failed this morning, owing to the Helena bank suspension. The assets greatly exceed the liabilities, and the bank will soon resume.

9. August 4, 1893 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, August 4, 1893

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GENERAL MANAGEB W.S MELLEN, Pa- of the Northern Pacific, died on the cific coast recently. THE clearing house committee of Chicago has decided to issue clearing house certificates A SERIOUS state of affairs existed at Denver, Cob. owing to the vast numbers of unemployed, who were holding the meetings and threatening to loot the National banks requested milicity. protection of the United States tary, which they were able to do, being national CASHIER depositories OVERTON S. PRICE, of the Citizens' national bank, of Hillsboro, O., is under arrest. THERE was a bitter wrangle on about the arbitrary freight rates between Bluffs. jobbers of Omaha and Council First national bank of Great the Falls, THE Mont., suspended, owing to beHelena bank suspensions. It was lieved it would soon resume. THE world's fair management is again undecided about Sunday opening. THREE harvest excursions for points fair the west and south, at world's West in rates, have been arranged by the Passenger association. ern THE Roby boarding-house at Decatur, III. has been set on fire four times within thirty-eight days NINETY-SIX business houses were de- made stroyed and sixteen families were homeless by fire at Fifield, Wis. THE Standard Oil is again in com- the plete control of Colorado. Its rival, Rocky Mountain Oil Co., is no more, and the big petroleum monopoly has the field to itself once more. THERE were runs at Chippewa Falls, Wis., caused by the failure of Seymour's private bank. UNITED STATES MARSHAL Nix has in his possession about fifty head of cattle of which he confiscated from the gang were horse and cattle thieves who captured in the Cherokee strip. THE Utes will soon be compelled to vacate their reservation in Colorado and will be sent to Utah. THE gates of the world's fair were opened last Sunday. THE Denver chamber of commerce and board of trade have sent a.silver memorial to congress ONE person was killed and three acothers were seriously injured in an eident on a bridge at Chicago. DR. LEE LING,a Chinese physician, of Chicago, and Miss Lizzie Fairman, were an American girl, of the same city, recently married at Peoria, Ill. SECRETARY HOKE SMITH was Langed the in effigy at Rome, O., because of suspension of a pensioner. EXHIBITORS have presented their grievances to the management of the world's fair. THE McNeil & Urban safe & Lock Co., one of the oldest safe firms in the country, have assigned to Howard Douglass, of Cincinnati. The assets $160,000; liabilities unknown. The are firm has been unfortunate in several large contracts. ONE of the most daring robberies ever attempted in Chicago, was committed in the residence of Mrs. R. Ammon at broad daylight. The thieves,after binding and gagging Mrs. Ammon, succeeded in robbing her of diamonds and $2,gold watch, the whole value being 000, and made good their escape. THERE was a run on the banks at of Ashland, Wis., caused by the failure the First national bank of that city. THE Chicago banks are buying up exchange for the purpose of importing gold on local account MRS. LUCILLE RODNEN. of Galveston, Tex., who has been tramping from Dallas to Chicago since May 16, arrived at Chicago on the 31st, a day ahead of time. She is supposed to have won $5,000. THE Akron, O., savings bank has failed. BOOMERS are allowed to cross the strip on the wagon roads. They must not, however, hunt up corner stones. A FARMER named Langevin had his house burned down near Olga, N.D., while lighting a fire with kerosene. Two children were burned to death. caused by a delay in payment was reported at of town of A wages, RIOT, Virginia, Minn. the mining workmen were assaulted by lumber after a desperate land, and NON-UNION beaten Wis., shovers encounter at Ashwith the police. WILLIAM NONEMACHER, a farmer living near Antigo, Wis., killed his wife and three children and made an unsuecessful attempt to end his own life. THE third trial of M. B. Curtis, the actor, for murder has commenced at San Francisco THE attorney -general of Colorado has rendered an opinion that the state legislature can take action establishing bullion depositories and issuing certificates thereon which shall be legal tender in the state. JOSEPH DEBOGUE, who is insane over pump of his own invention, has been brought back to the hospital for the insane at Jacksonville, III., from Orange, N.J. THE SOUTH. and a were & killed a collision on the Four-tramps by brakeman Va. Norfolk Western, near Welch, W. TAYLOR, Lulu Smith and Nellie all Marian MAGGIE drowned Patrick, Johnson, Patwomen, were near young It's

10. August 4, 1893 The Weekly Tribune Great Falls, MT
Article from The Weekly Tribune, August 4, 1893

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FOUGHT A BRAVE FIGHT. In the course of six weeks the First National bank of this city has paid out to its nervous depositors more than $300,000 in cash, and as no more money could be had at once, the bank was forced to close its doors yesterday. It has been unavailing to warn the people against withdrawing their deposits from the banks at this time. A panic has seized them which carried them on like cattle in a stampede. Men of all degrees of intelligence have been affected by it, and none seemed able to restrain the insane feeling that took possession of them to get their money from the banks. There is, of course, widespread ignorance among the people generally on the subject of banks, and these are a few salient points that all should know. In the first place banks take money on deposit and pay interest upon it for the purpose of loaning it to their customers. On such loans they are given the best possible security, and as a sample of the Great Falls banks, it may be said that the First National has at least three dollars of good securities for every dollar of its deposits. That is, it can pay them off several times over, when the men who have borrowed from the bank pay back the amounts they owe. All the present trouble here would be ended in a moment if the people who have drawn their money out of the banks would go and put it back. In some places the panic stricken depositors have taken their money out one day, and hurried to put it back the next. It is pitiful to think of those who draw out their savings and then suffer tortures for fear of losing all by thieves or fire. But every bank is compelled by law to make good its obligations. For instance, if a bank is not well and carefully managed. and its affairs have to be wound up, each director is liable for a sum equal to double the amount of his holdings. Any property they may own is subject to attachment for their liability to the bank and its depositors, until they have paid off the amount of the stock held by them, and an equal sum in further liquidation of the bank's obligations. Thus it is seen that the depositor is always amply protected, except in cases where officers or directors are dishonest, or have sequestered their property in order to escape the liabilities contemplated by the law. As a matter of fact the First National has made a noble fight against great odds, and nobody questions its ability to pay every depositor in full within a short time. All who owe the bank will pay up as soon as possible, and there is no good reason to doubt that there will be sufficient improvement in the situation in a few weeks to bring everything around to a normal condition. Ordinary wisdom would dictate in Great Falls a union offensive and defensive among all classes of the population to keep everything going in the usual way while the present difficulties last. Capitalists and business men can do nothing in the way of employing labor when the banks are closed, and there is just one rational means of improving the situation-namely: Return all surplus money to the banks and stand firmly together till the clouds roll by.

11. August 4, 1893 The Weekly Tribune Great Falls, MT
Article from The Weekly Tribune, August 4, 1893

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IT was plain to everybody that there was a more confident and settled feeling in this city than there had been for several days previous. The panicky people had done their worst when they forced the First National to close, and when the announcements came out in THE TRIBUNE that a number of local merchants were prepared to accept all certificates of the bank that were offered, at their face value, many of the "hoodood" depositors who had caused the drain of the bank, wished they had been more wise, and wondered why they had made such a foolish mistake. There was a general appearance of activity throughout the city, and business in the stores is improving despite the warm weather. Great Falls is all right and her people know it.

12. August 5, 1893 Evening Star Washington, DC
Article from Evening Star, August 5, 1893

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Bank Receivers Appointed. The controller of the currency today ape pointed receivers of insolvent national banks a follows: John S. Lawrence, receiver Northern Na tional Bank of Big Rapids, Mich. Gold T. Curtis, receiver First National Bank of Great Falls, Mont.

13. August 5, 1893 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, August 5, 1893

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Receiver Appointed. WASHINGTON, Aug. 5.-Comptroller Eckles has appointed Gold S. Curtis receiver of the First National bank at Great Falls, Mont.

14. August 6, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, August 6, 1893

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CONDENSED DISPATCHES. The New Bedford Safe Deposit and Trust Company. of New Bedford, Mara, has failed. Nellie Grant Sartoria and children have returned from England to reside in New York city. 1. F. Michener of Indiana. has denied the story that he is organizing a boom for Harrison. Comptroller Eckels has appointed Gold 8. Curtis receiver of the First National bank of Great Falls, Mont The Decatur County Banking Association, with branches at Leon, Davis City and Garden Grove, Is., has assigned. There are only three days more left of our free excursions on Lake Washington on steamer Kirkland, leaving Madison street whar: hourly. Hyams, Pauson & Co. Conshite. music and new songs at Medison

15. August 6, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, August 6, 1893

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Receiver Appointed. W ASHINGTON, Aug. 5.-Comptroller Eckles has appointed Gold S. Curtis receiver of the First National bank at Great Falls, Mon.

16. August 20, 1893 The Helena Independent Helena, MT
Article from The Helena Independent, August 20, 1893

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Good News from Great Falls. Special to The Independent. GREAT FALLS, Aug. 19.-Merchants and business men generally are encouraged by the prospects of the First National bank resuming. Receiver Curtis' report gives assets, including stockholders' liabilities. at $1,337,140. liabilities at $761,357. Resident stockholders have made a proposition to issue time certificates to depositors, payable in twelve. fifteen, eighteen. twenty-one and twenty-four months. equal installments. This is most likely to be accepted and will relieve the situation in great degree.

17. August 25, 1893 The Weekly Tribune Great Falls, MT
Article from The Weekly Tribune, August 25, 1893

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e FIRST MAY RESUME. g A t Fair Proposition Will Be Made to the Stockholder and Depositors. t d The Resumption of THIS Bank Would t Be of Untold Advantage Hore. y S At a meeting of the resident stock 8 holders of the First National bank of I this city, held on Thursday. it was deS e cided to make a vigorous effort to put 0 the institution in shape to resume busi. ness at al early date. b Ever/body knows how great a loss this and embarrassment the suspension of t back has been to this community. and there is not a man in business in the town or country who does not say, "God speed the day when it shall again open its doors." If it ever erred in any reas a banking institution it was in of being too the spect direction liberal but it and was lenient with its customers; always perfectly solvent and had such ample resources that it feared nothing Today, if it could realize on its assets, it could readily pay 83 for every one by of its liability, but it was forced to close the general stringency, and not through any fault of its officers or directors. It would be difficult to overestimate the advantages which must accrue at once to Great Falls and the surrounding country from the resumption of this As now stand of business men are of bar It's affairs, and bank. with scores the months things the help it resources tied itself will up be before it can long or many friends if its affairs are left to the course of litigation This process is one if possible, and it is that the plan of its be and avoided the hoped tedious receiver. the devoutly through resident be to sub- be to which will soon will be carried out with drawbacks of mitted, stockholders. possible One of delay. the principal the all least the the is the fact that on the assets of forwarded to in dividends of the currency comptroller disbursed slow funds must liquidation be realized Washington through with which the all bank to that the the be and circumlocution of This means that of dollars will be in this city and the and kept out for an ing implies. circulation red thousands tape country hundreds taken surround- indefi- out three of nite for two or will obviate this new blood into the years. Resumption put period-perhaps arteries depositors difficulty of and trade. As one man the should stand at all hazards to end. It will mean all who are interested: and determined this local important shareholders for accomplish together. and it large will acgains renewal of confidence it will give new to branch of industry en- in and cause every sensible man Montana to spirit mean northern commodation; terprise the every rejoice. life Gold and and T. of the receiver. to the comptroller of the bank, including to be 81,377.14 are assets ers' Curtis, The liabilities, liabilities report 8761,357. The stockhold- shows white propo- the the all concerned is that time certificates. realize sufficient funds to of the bank's installment sition the bank total comptroller to to and they ability Amounts aid satisfy accept the to the usual bnsiness. will then be due succeed. in installments this payable in 12. 15, if 21 from Aug 1. 1893, or transact months depositors arrangement paid. assets. five 18, earlier should 21 equal and the institution realize on is similar to the one has and other states. the in successful in of financial proved resumption This Colorado plan very enabling institutions and adopted public like the Frst National. the without. hardly which, knows how to get along to bewould seem every reason stockThere that all depositors and to lieve holders will be only too glad to agree this plan.

18. January 4, 1894 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, January 4, 1894

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DISTRICT COURT ITEMS. In the case of Sarah B. Mahan against Edward Broughey et al. findings were ordered to be prepared for the plaintiff. Henry B. Walsh was awarded a verdict against Paul A. Lavallee for $2,315.69, which is due on a promissory note. Judge Otis decided yesterday that Ella Billingsley is entitled to an absolute divorce from William Billingsley. The charge was adultery. Gold T. Curtis, as receiver of the First National Bank of Great Falls, asks judgment against Jennie C. Severance for $3,500 due on a promissory note. Charles Thompson has begun an action against Josie E. Hoyt et al., to foreclose a mortgage for $1,466.66 upon lot 3, in block 9, of College Place west division. Patrick Conley has begun an action against George W. Langevin and others to quiet title to the east half of block "C" and lots 1, 2 and 3, in block 13, of Olivier's addition to St. Paul. The National Bank of Commerce has garnished the funds of the Grand Forks Electric Street Railway company, in the hands of the Merchants' National bank and of William R. Merriam, to satisfy a claim. George L. Hendrickson has made a voluntary assignment to the St. Paul Security Trust company for the benefit of general creditors. The assignment does not affect the St. Paul Record, of which Mr. Hendrickson is editor. Judge Willis is engaged in trying the ejectment case of Wood against Wagoner, which involves part of a lot in West St. Paul. The case will occupy the time of the court for several more days. The land is worth but a small sum of money. Judge Kerr and a jury are trying the action of the Ware Tobacco Works against the City of St. Paul. This is one of the numerous flood cases occasioned by the bursting of Page street in the summer of 1892, and the damage to a number of houses. Judge Brill has overruled the demurrer to the complaint of Gustav Martin against Niels Christensen et al. The judge says that the expression, "payment of the mortgage," is a common inexact form of expression, which means the payment of a debt, and the demurrer will not be sustained for the use of an expression which is common in text books.

19. January 25, 1894 The Coconino Weekly Sun Flagstaff, AZ
Article from The Coconino Weekly Sun, January 25, 1894

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DANIEL BENTON, alias Bill Newby, convicted of presenting a false pension claim, was brought to Springfield, III., from the Chester penitentiary, and after giving $2.500 bond was released, pending the decision of the United States supreme court, which granted a supercedeas in the case. THE board of Kent county, Mich., supervisors has offered a reward of $500 for the arrest of the murderer or murderers of Mrs. Miles McKendrick. RUDOLPH J. PESCHMANN, the confessed murderer of Mrs. Schrums, was arraigned in the municipal court at Milwaukee. He waived preliminary examination and was held for trial without bail. F. D. Wanamaker, claiming to be a nephew of ex-Postmaster-General Wanamaker, and to be in the employ of the government, was arrested at Fostoria, O., charged with disposing of a fraudulent draft to the proprietor of the Empire house at Tiffin, O. He is now in jail awaiting a hearing. THE Royal Furniture & Carpet Co., of St. Paul, Minn., has assigned. A recent statement made by the firm places the assets at $125,000 and the liabilities at $55,000. AT Cheyenne, Wyo., in the United States court, William M. Masi, late postmaster of that city, was acquitted of the charge of embezzlement of postal funds. THE Wyoming supreme court has decided that ditches and water right pass title with the transfer of the land on which they exist. THREE young men were on trial for two days at Carthage, III., on charges of cruelty in killing cats. REV. CHARLES INGHAM, an American Baptist missionary, was trampled to death by an enraged elephant he had shot in the Lower Congo. No more obstacles are to be put in the way of Chinese desiring to establish cotton mills at treaty ports, on condition that they pay royalty of 1 tael per bale. ALBERT BAMBERGER, the murderer of the Kreider family of six persons in North Dakota, was hanged on the scene of his crime. WILS HOWARD was hanged at Lebanon, Mo., for the murder of a deaf mute. Howard had been mixed up in Kentucky feuds and was reputed to have killed many men and been guilty of other crimes. THE Pittsburgh (Pa.) Brass Co. has been placed in a receiver's hands. Assets, $400,000; liabilities, $175,000. THE sheriff killed, a convict fatally wounded, a guard dangerously injured, was the result of a battle with several escaped convicts near Pratt City, Tenn. CLEARING house returns for the week ended January 18 showed an average decrease of 36.8 compared with the corresponding week of last year. In New York the decrease was 46.0; outside, 22.4. NINE men were killed by an avalanche in the Rocky mountains near Fort Steel, B. C. A WELCOME rain was reported in Kansas and Missouri on the 19th. The drought had lasted many weeks. A BIG passenger pool to control all business between the Allegheny and Rocky mountains is the latest rumor in railway circles. It may relate to excursion business only. FORTY negro families in Monroe county, Ark., are preparing to migrate to Liberia. THE Exchange bank of Ottawa, Putnam county, O., Samuel S. Slauson, president, has assigned to Dr. W. F. Reed. COMPTROLLER ECKELS announces that the First national bank of Great Falls, Mont., which has been in trouble, will resume business shortly.

20. January 26, 1894 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, January 26, 1894

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MISCELLANEOUS. THE Exchange bank of Ottawa, Putnam county, O., Samuel S. Slauson, president, has assigned to Dr. W. F. Reed. COMPTROLLER ECKELS announces that the First national bank of Great Falls, Mont., which has been in trouble, will resume business shortly. THERE was a riot at Bridgeport, Conn., over the street car strike. Considerable damage was done. Attempts were made to compromise the dispute. AN attempt was made recently to blow up Gov. Renfrow at Guthrie, Ok. THE British steamer St. Pierre rescued Capt. Robbins, the mate and five seamen, of the schooner Alert, of Gloucester, which was wrecked on the north. east point of Romeo Island. Nova Seotta

21. March 25, 1894 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, March 25, 1894

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Great Falls Bank Resumes. GREAT FALLS, Mont., March 24.-The First National bank, which closed its doors during the panic, will open for business again on Monday morning next.

22. March 25, 1894 The Morning Call San Francisco, CA
Article from The Morning Call, March 25, 1894

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Recovered From the Panic. SALT LVKE, March 24.-A special from Great Falls, Mont., to the Tribune says: The First National Bank, which closed its doors during the panic. will open for business again on Monday morning next.

23. April 5, 1894 The Farmers' Union Memphis, MO
Article from The Farmers' Union, April 5, 1894

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FINANCIAL AND INDUSTRIAL -Union Pacific employes may "resign" in order to avoid punishment for contempt of court by calling the mov ement a strike. -Thirty-three national banks in Callfornia, exclusive of those in San Francisco, make the following showing: Loans and discounts, $510,255,043: lawful money re. serve, $2,480,538, of which $2,052,580 was gold; individual deposits, $9,713,394; average reserve held, 38.11 per cent. -The First National Bank of Great Falls, Mont., resumed business. There were $127,000 redeposited and $54,000 in new deposits. -Wheat jumped 3cents a bushel Wednesday and the "shorts" traveled at a Rarus gait over a corduroy road of their own construction. The advance came upon them while their backs were turned, and caught them unprepared. This is the first time the bulls have had an inning in a year, and they enjoyed it thoroughly. The present big advance disclosed the fact that the local market was heavily oversold. The professionals on 'Change were short up to their chins, and when a general movement to cover set in the result was an Instantaneous bulge. -The New York Stock Exchange has listed $7,000,000 debenture bonds of the Illinois Steel Company. - Wheat jumped up 2½ cents in New York on prodictions of a cold wave. -The Augusta (Ga.) cotton mills are re. ported to be in splendid condition, with sufficient orders on hand to run them for six months, even if no more orders are booked. One mill has just received a $250.000 order from a northern firm. -On complaint of Russell R. Harrison the Federal Court has appointed a receiver for the Queen City Electric Railway Company, of Marion. Ind. -T. V. Dickinson's jewelry store at Buffalo was seized by the sheriff on executions for local banks and New York merchants