3668. Atlas National Bank (Chicago, IL)

View Charter #3503 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
3503
Charter Number
3503
Start Date
December 22, 1896
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini
Short Digest
8052453860add6ca

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Books examined

Description

Newspaper reports (Dec 27-29, 1896) describe a heavy withdrawal/run (triggered by the failure of the National Bank of Illinois and a circulated report that the Atlas had posted 'Closed'), followed by the Atlas deciding to retire from business and enter voluntary liquidation; the Clearing House advanced funds (~$600,000) to pay depositors in full. This is a run leading to suspension/voluntary liquidation and permanent closure.

Events (5)
1. May 15, 1886 Chartered
Source
historical_nic
2. December 22, 1896 Run
Cause
Local Banks
Cause Details
Heavy withdrawals driven largely by the recent failure of the National Bank of Illinois and panic contagion; also a widely circulated report that the Atlas had posted a 'Closed' sign intensified withdrawals.
Measures
Bank raised reserves earlier, then stopped receiving deposits; relied on Clearing House assistance and advanced funds to pay depositors; paid out small accounts in full as presented.
Newspaper Excerpt
The heaviest run came on Tuesday, and resulted largely from a widely circulated story that the bank had on Monday afternoon posted the sign Closed on its doors.
Source
newspapers
3. December 27, 1896 Suspension
Cause
Voluntary Liquidation
Cause Details
Directors decided to retire from business (voluntary liquidation) after sustained withdrawals and reduced resources; Clearing House examined securities and agreed to advance funds to pay depositors in full.
Newspaper Excerpt
The Atlas National Bank of Chicago has decided to retire from business... No deposits will be received hereafter, but all depositors will be paid in cash upon demand.
Source
newspapers
4. December 28, 1896 Other
Newspaper Excerpt
The Clearing House Committee... decided that the associated banks of the city would advance the amount needed to pay its depositors in full... The amount required will not exceed $600,000 . . . Checks on it will be settled through the Clearing House, as usual.
Source
newspapers
5. February 19, 1897 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (22)
1. December 28, 1896 New-York Tribune New York, NY
Article from New-York Tribune, December 28, 1896

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ANOTHER CHICAGO BANK CLOSES. THE ATLAS NATIONAL WILL RETIRE FROM BUSINESS-THE CLEARING HOUSE TO PAY DEPOSITORS IN FULL Chicago, Dec. 27.-The Atlas National Bank of Chicago has decided to retire from business, and the Clearing House Committee, at a special meeting to-night, decided that the associated banks of the city would advance the amount needed to pay its depositors in full. The amount required is about $600,000. The meeting was held at the home of Isaac G. Lombard. a member of the committee, about 11 o'clock to-night. The action of the committee is expressed in the following: The Atlas National Bank having decided to re. tire from business, the Clearing House Committee has made an examination of its affairs, and on its report the associated banks of the city have dethe amount needed to pay its dein as shown by its positors cided to advance full, books December into 26, 1896, without waiting to convert its assets cash. The amount required to be advanced will not exceed $600,000 The bank will not receive any deposits from date. Checks on it will be settled through the Clearing House, as usual. ISAAC G. LOMBARD, LYMAN J. GAGE, ORSON SMITH, C. J. BLAIR. E. G. KEITH Clearing House Committee. The officers of the Atlas National are: Prestdent, W. C. D. Grannis: vice-president. C. B. Farwell cashier, B. W. Stone: assistant cashier. W.S. Tillotson. The bank was organized in 1887, many of its incorporators being officers of the Union National Bank. Its capital stock is $700.000. Mr. Grannia has been president from the start. It is given out to-night that during the last few years newer and more pushing institutions have been taking business away from the Atlas, and that as a result of these defections over $2,500,000 in deposits have been withdrawn from the bank, most of it during the last six months. Mr. Grannis is an old man, and decided some time ago to go out of business. The bank is believed to be perfectly solvent. as the action of the Clearing House committee indicates. The report of the condition of the Atlas National at the close of business December 17 is as follows: Resources-Loans and discounts. United $1,941,742.59; overdrafts, $7,620 47; States and other bonds, $59,384; premium on bonds, $3,250; real estate, furniture and fixtures, $57,177 91; redemption fund, $2,250; cash and sight exchange, $820,638.52; a total of $2,892,063.39 Liabilities-Capital stock, $700,000; surplus fund, $140,000; undivided profits. $49,031 23; circulation. $42,620; bills payable, $100,000; deposits, $1,869,412; a total of $2,892,063.39. The director's of the bank are R. C. Clowry, vice-president of the Western Union Telegraph Company: C. B. Farwell, president of the J. V. Farwell Company: W. M. Van Bortwick, banker. Batavia, III.; John L. Norton, of Norton & Co., millers; W. C. D. Grannis, Charles Kern J. C. McMullin, H. L. Martsall, C. J. Connell and E. B. Meyers. Mr. Norton is a partner of Norton & Co., who yesterday assigned in this city.

2. December 28, 1896 The Daily Morning Journal and Courier New Haven, CT
Article from The Daily Morning Journal and Courier, December 28, 1896

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ANOTHERCHICAGO BANK SUSPENDS The Atlas National Decides to Retire from Business. Chicago, Dec. 27.-The Atlas National bank of Chicago has decided to retire from business, and the clearing house committee at a special meeting to-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. The officers of the Atlas National bank are: President, W. C. D. Grannis: vice president, C. B. Farwell; cashier. S. W. Stone; assistant cashier, W. S. Tillotson. The bank was organized in 1887. There is no doubt but that depositors will be paid in full.

3. December 28, 1896 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, December 28, 1896

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Under Same BY LOWED of Bank Scandia It, Mortgage the and Laconia Car Company. Atlas business of the Mead failure Truat Central owcroft a year bank, Savings through had the bank defundable clearances Presi to be amp of the Atlas, failure. and eposit The secure and its at the said time it would was president bank cently lose Grannis by the Paulseu, who & Savings $ 50,000 against bank, the brought W. C. W Central A. Trust suit for D. Grannis Atlas Farwell. upon Paul trouble of ben had time the of failure concern. his alleged Panlsen the Charles The with B. is the basad Central bank at Trust the & Saving bank although had sufficient to deposited claims the bank facilities to forced assign. The posits being of the failure Partly of last bank week, Illinois, off iDK Atlas pay began bank National the first thus to-day marking positora No in iness. step from busine HB and as fast were up were hecked up. paid taken The Atlas by the close deposit were books from National of bank Illinois, counts in full and suffered their heavil the aggrega been having deposithdrawn the down resources figure. at the The house clearing committee of of the the invest bank, officers request ed and the its solv bank ccounts the ent. com expedite the the ledged mittee Associate of banks Chicago. B. said Farwell been have paid will off, a large dollar.' day: Vice- believe After the of their interest, in 1887. The shows $1,860 to every Atlas was organized 17, Deposits 500,000. months statement to amounted DIME FAILS. In Chicago. of the the ment posits ago of an agree Dime among directors George Savings and to-day the Reed's Rayments day granted to the savings statutes of the D. Atlae Grannis, of the of the are Natio Savings the Atlas of the W. c. bank, bank, Nationali bank SayDime directors of directory bank Nationali tion had the of Dime also ings on bank Officials of the Atlas Atlas the future the a was as the directors. vigorotic in any denied way infinenced Savings bank gilenoe of the bank Amajority of the the were course action there of the Dime notices. Savings They no depositphete withdrawing of DO was the tice bank's to all but meet simply ability the violent means adiented protection the Nearly Hurries. depositors people. laboring IN BE WILL FULL said Eskles Washing of Atlas closing National was voluntary entirely be volunteer said Eckles would full once, through Chicago clearing house, bank day of the Chicago the reditoravances made in will Blookholders the the cent. realize opinion 100 per TRUST COMPANY Se the of -The failore Dallas, Texas. & Dany creat comp curity in Mortgage circles 1008, Many expected the for but public trouble the failare. generally The that local losses will be ively insigni will and nitalists foreign eastern 000 on $1 their fully ventures. of and the lities The figures Agreta Liabilifollows: $1 ties, $25,000; $10, $859,000; interest on "stocks, liabilities 500,000; in bonds sale taxes, $17,000; and Mortgages, $114,000; mortgage various sold nets, 000; $500.000; $50,000; $650,000. Total are trust Sab.co company the companies Farm Texas building com atment pany, Land com and Mills pany Cotton associaBuilding tion. PAYING TELLER DISAPPRAHA. St. Paul says from of AUS the Leander of Bank disap. pended is s mail There Chicago Busch, special Payinnesota, teller has Dancy his OF FAILS. SUPERIOR of SaThe Wis. bank in the east doing ment West business assign Henrys y. $6,000 Butler. period ded suspended the directors directors $25,000 cartional capital deposits by menace. the The made bank had The big proportant influence enced small on mostly to liqai amounts unless decline date in in the assets. closing. of slight run and The the bank there expents continual com Car Laconia Laconia, Jia to day, pany was bilities THE FAILS SCANDIA The bank Scandia It Minneapory bank was small on real with which estate not realize.

4. December 28, 1896 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, December 28, 1896

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The Day's Failures. Chicago. Dec. 28.-Partly as a result of the failure of the National Bank of Illinois last week, the Atlas National bank began a voluntary liquidation today by paying off the depositors. No deposits were received and as fast as accounts could be checked up the depositors were paid in full and their books taken up. Chicago, Dac. 28.-In pursuance of an agreement among the directors of the Dime savings bank, who held a secret session this morning, a general meeting of the directors was called for this afternoon. Treasurer Reed's window was barricaded and payment suspended under the 90 day withdrawal notice clause granted in the statutes to savings banks. Sienn City, Iowa, Dec. 28. - White & Howe company, retail shoe dealers. have assigned. It is claimed it is caused by bank failures here and in Chicago. The creditors are mostly eastern firms. It is believed they will pay in full. West Superior, Wis., Dec. 28. - The Bank of Superior has suspended. It had $25,000 capital and $50,000 surplus, largely tied up in investments. The deposits are about $100,000, of which $13,000 belongs to the City of Superior. Minneapolis, Dec. 28.-The Scandia bank, one of the smaller institutions of the city, suspended on account of being loaded up with real estate on which it could not realize. Laconia. N. H., Dec. 28.-The Laconia Car company was petitioned into insolvency today. The liabilities are $617,000; assets $407,000.

5. December 28, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 28, 1896

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"ISAAC G. LOMBARD, "I. J. GAGE, "ORSON SMITH, "C. J. BLAIR, "E. G. KEITH, "Clearing House Committee." One year ago the Atlas had in deposits $3,221,400. On the 17th of this month they footed up $1,860,412. At the close of business on Saturday night they were in all probability nearly $1,000,000. This briefly tells the story of this voluntary liquidation. One month or six weeks ago the attention of Comptroller of the Currency Eckels was called to the condition of the bank. The report of the bank examiner showed there were loans to directors and officers of the bank exceeding its total capital stock of $700,000. The comptroller sent several pointed messages telling the men to "clean up" and reduce this aggregation of loans inside of the institution. The bank officials cut the total down to between $350,000 and $300,000, and raised the cash reserve from 25 per cent. to the legal minimum of 40 per cent Subsequently the constant checking out of deposits reduced this reserve somewhat. The heaviest run came on Tuesday, and resulted largely from a widely circulated story that the bank had on Monday afternoon posted the sign "Closed" on its doors. When the bank closed Tuesday afternoon it was felt that immediate suspension must follow the next day if the run was continued, but Wednesday brought something of a reaction in the feeling which had followed the collapse of the National Bank of Illinois, and the withdrawals of funds slackened. Thursday the officials of the bank were notified by some of the leading bankers of Chicago to call on them if trouble was imminent, and they would agree upon a plan of action which would be the best for all concerned. The following day ComptrolIer Eckels, who was receiving almost daily reports from the Institution by telegraph, advised that a plan of liquidation be arranged. He sent this advice both to the officers of the bank and to Bank Examiner McKean. The clearing house committee WHS notified, and a sub-committee of two appointed to make an examination of the securities held by the Atlas, The examination was ended on Saturday and the report was satisfactory. W. C. D. Grannis, president of the bank, was seen at his residence this evening. When informed of the action of the clearing house committee, Mr. Grannis seemed quite relieved. "That bank," he said, "will pay every dollar It owes. We have suffered a, severe decline in our ready cash during the past week. and perhaps every bank has. But everything will be found to be perfectly straight, and we can pay every dollar. The committee's action is in the right dtrection, and I am quite relieved and thankful for this decision in the matter. There is not the alightest trace of crookedness in our transaction, as the committee undoubtedly discovered."

6. December 28, 1896 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, December 28, 1896

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BUSINESS MATTERS. The Atlas Bank. Chicago, December 27.-Following : the official announcements which write epitaph of a financial institution wh has lived almost ten years: "Owing to the continued ill health the president of this bank it has be decided to close its business. No depos will hereafter be received but all depo tors will be paid in cash upon demand. I positors and correspondents are request to present their claims for balance di them before January 1 next so far as $11 be possible. W.C. Granpis, President The Atlas National bank having dec ed to retire from business the cleari house committee has made an examinati of its affairs and on their report the : sociated bankers of this city have decld to advance the amount needed to pay depositors in full as shown by its boo December 26, 1896, without waiting to et vert its assets into cash. The bank . not receive any deposits from date. Che on it will be settled through the cleari house, as usual. One year ago the Atlas bank had deposit $5,221,400. On the 17th of t month they footed up $1,860,412. At 1 close of business on Saturday night ti were nearly $1,000,000 less. This briefly tells the story of this v untary liquidation. Comptroller of the Currency Eckels w notified of the condition of the bank. T report of the bank examiner showed t1 there were loans to directors and office of the bank exceeding its tota 1 capi stock of $700,000. The comptroller sent several point messages telling them to clean up and duce this aggregation of loans insidde institution. The bank officials cut the to down to $350,000 and raised the cash serve from 25 per cent, the legal minim to 40 per cent. Subsequently the const checking out of deposits reduced this serve somewhat. The heaviest run came on Tuesday a resulted largely from a widely circula story that the bank had on Monday aft noon posted the sign "closed" upon doors. When the bank closed Tues afternoon it was felt that immediate si pension must follow the next day if run was continued. but Wednesday throt something of a feeling which had follow the collapse of the National Bank of I nois and the withdrawals of the fur straightened up. Thursday the officials of the bank w notified by some of the leading bankers Chicago to call on them if trouble was i minent and they agreed upon a plan action which would be the best for all e cerned. The following day Comptroller Ecke who was receiving almost daily repo from the institution by telegraph, advi that a plan of liquidation be arranged. sent his advice both to the officers of bank and Bank Examiner McKeen. ? clearing house committee was notified a sub-comsaittee of two appointed make an examination of the securities h by the Atlas. The examination was e ed Saturday and the report was satisf tory. The result was a meeting at Ban Lombard's house tonight at which Mr. ? Keen represented the comptroller of currency and stated his views and wis in the matter. W. C. Grannis, the president of the ba was seen at his residence this event When informed of the action of the cle ing house committee, Mr. Grannis seer quite relieved. "The bank." he said. "1 pay every cent It owes. We have suffe a severe strain on our ready cash dur the past week and perhaps every bank I

7. December 28, 1896 San Antonio Daily Light San Antonio, TX
Article from San Antonio Daily Light, December 28, 1896

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ABOUT THE ATLAS BANK. Chicago, Dec. 28.-The Atlas National bank, which went out of business today, was involved in the failure of Meadow-Croft Brothers and the Central Trust and Savings bank, which assigned a year ago, cleared through the Atlas. The collateral which the defunct bank had on deposit to secure its clearances, was said to be ample, however, and at the time Mr. Gaunnis made the statement that the Atlas National bank would not lose through the failure. Chicago, Dec. 28.-As a direct result of the retirement of the Atlas National bank the Dime Savings bank temporarily suspended payment this morning. The directors of the Dime Savings bank are practically the same as those of the Atlas. Washington. Dec. 28.-Comptroller Eckles said today that the closing of the Atlas National bank, Chicago, was a voluntary affair and that from information he had received indicated all the bank's creditors would receive payment in full.

8. December 28, 1896 Evening Journal Wilmington, DE
Article from Evening Journal, December 28, 1896

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CHICAGO BANK TROUBLE The Atlas National Decides to Quit Business. OTHER BANKS ADVANCE $600,000 Securities Thought to Be Able to Pay De. positors In Full-The Close of One of Chicago's Supposedly Soundest Institutions-Banker Wasmansdorffs Suicide. CHICAGO, Dec. 28.-The Atlas National bank did not open its doors this morning, and the clearing house will advance $600,000 to help it pay all claims on demand. The bank has a capital of $700,000. W. C. D. Grannis is president, and among the directors are R. C. Clowry, vice president of the Western Union; ex-Senator C. B. Farwell, ex Sheriff Charles Kern, J. C. McMullin and William M. Van Nortwick, a banker at Batavia, Ills. John L. Norton of Norton & Co., who has just failed, is a director. There has been heavy checking on the bank for two months, and the cash on hand has now dwindled to a comparative ly small sum. The directors have been the biggest borrowers. and as several of them are directors in other prominent banks the protection of the clearing house was extended. This statement was issued last night: Owing to the continued ill health of the president of this bank, it has been decided to close its business. No deposits will be received hereafter, but all depositors will be paid in cash upon demand. Depositors and correspondents are requested to present their claims before Jan. 1 next, so far as may be possible. ATLAS NATIONAL BANK, W. C. D. Grannis, President; S. W. Stone, Cashier. The Atlas National bank having decided to retire from business, the clearing house committee has made an examination 0 of its affairs, and on their rep rt the assoelated banks of the city have decided to advance the amount needed to pay its deI positors in full, as shown by its books V Dec. 26, without waiting to convert its asS sets into cash. The amount required to be advanced will not exceed $600,000. The bank will not receive any deposits from date. Checks on it will be settled through the clearing house as usual. Isaac G. Lombard, L. J. Gage, Orson n Smith, C.J. Blair, E. G. Keith, clearing house committee. h The Bank's Last Statement. 1 The bank's statement, published Dec n 18, gives: Resources, $2,892,068, and liaa bilities of the same amount, including h capital stock, $700,000; surplus, $140,000; h undivided profits, $49,000; deposits, 81.e 860,412; circulation, $42,620, and bills payable, $100,000. :One year ago the Atlas had on deposit $3,022,400. At the close of business on Saturday night the deposits were probae bly nearly $1,000,000 less. e The attention of Comptroller Eckels of was called to the condition of the bank six weeks ago-that there were loans to di rectors and officers of the bank exceeding its capital stock. S. The comptroller sent several message d telling them to reduce these loans inside n the institution. The officials cut the total 1"down to $350,000. t If it had not been for the panicky feel W ing induced by the failure of the Nationa k. Bank of Illinois, it is not unlikely tha er the Atlas would have been able to pul rthrough. nOn Thursday the officials were notified i. by some of the leading bankers that 11trouble was imminent they could call OF to them, and they would agree on a plan O 's action which would be the best for all con rcerned. The next day the Atlas official he decided that the end was in sight. A com mittee from the Clearing House was ap pointed, and on Saturday made an exam ination of the securities held by the Atlas ay They were found to be ample to cover al of liabilities, and the committee so reported leThe bank is said to have a heavy loa to of Norton & Co. 's paper. William Va to Nostwick, the Rural banker, is reporte ng to owe the bank $300,000. de

9. December 29, 1896 San Antonio Daily Light San Antonio, TX
Article from San Antonio Daily Light, December 29, 1896

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BIG ASSIGNMENT. THE VAN NORTWICKS ASSIGN FOR $2,500,000 TO COVER Their Immense Property, Including Banks And Vast Manufactories All Turped Over to the Equitable Trust Co. Batavia, III., Dec. 29.-The suspension of the Atlas National bank, of Chicago, has preipitated the suspension of the Van Nortwick bank, of Batavia, and the assignment by William M. and John S. Van Nortwick of all their vast property interests, aggregating $2,500,000, to the Equitable Trust of Chicago. Articles of assignment were filed in the Kane county court at Geneva and were three in number, William M. and John Van Nortwick each assigning as individuals, and the two assigning as a firm. Their schedule of indebtedness was not filed with the articles of assignment but the liabilities are said to aggregate $2,000,000. The Van Nortwick interests, aside from Batavia property, is largely in paper mills and manufacturing industries. Their last statement of assets, prepared a year ago, placed their wealth at $2,500,000. They own business blocks, residences and two farms in Batavia township, the whole valued at $150,000; also the Western paper bag factories at Batavia and Kaukauna with a daily output of 2,000,000 bags, also a straw board mill at Ba-tavia; the paper mills at Appleton, Wis., valued at $800,000. They own valuable pine lands in Wisconsin and valuable stocks in the Second National bank of Aurora; the Aurora cotton mills and the Kaukauna and Appleton banks. They are principal owners of the Appleton Manufacturing company of Geneva, Ill. The brothers own 440 shares in the Atlas National bank of Chicago. Such was the confidence of the depositors in the Van Nortwick bank that there was no run on the bank, notwithstanding the rumors of trouble, and the Van Nortwicks' connection with the Atlas. Cashier W. E. Grimes, of the bank when seen by a reporter declined to give a statement of the bank's assets and liabilities, simply declaring that the depositors would be paid fully. The Van Nortwicks' assets, he said. were ample to meet all liabilities if the assignees took sufficient time to realize upon the property. In regard to the assignment of the Van Nortwicks at Batavit, Ill., the Chicago Tribune this morning prints the following: "When John Van Nortwick, who is known as the 'King of Kane county,' died in 1890,he left $7,000,000 to his two sons. The elder Van Nortwick had been a pioneer in western railroad building. He surveyed the old Galena road from Chicago, and for five years was president of the Burlington and Quincy. From the modest beginning of $3,000 which he had with him when he came to IIlinois 50 years ago he accumulated the fortune which went to his two sons. This property was in the shape of large paper manufacturing interests at Batavia and along the Fox river in Wisconsin, in bank stocks, in Kane county institutions, in large farms around Batavia and the paternal bank in that thriving Illinois city. The sons instead of following in the footsteps of the father, began to spread out in many line# aside from those in which their patrimony was made. No new enterprise seemed unworthy of a portion of the Van Nortwick fortune. It was in this manner that $900,000 in cash went into the combined Lock Paper company at Appleton, Wis. A bagatelle of $800,000 went into the development of the mill at Batavia, for which nothing but a storehouse has yet been found. Had the National bank of Illinois not failed a week ago, all would have come out well for the brothers. but that failure cut off negotiations they had had under way for a long time on a new plant at Appleten United States

10. December 29, 1896 The Times Richmond, VA
Article from The Times, December 29, 1896

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BUSINESS TROUBLES, Banks in Trouble in the Northwestcantile Failures. MINNEAPOLIS, MINN., Dec. The Scandia Bank, of this city, cl its doors this afternoon. The last obtainable statement of condition of the bank was made UU 6th last. It showed loans and disco amounting to $189,288, and deposits at gating $225,337. its business nas pee most wholly with Scans. SUPERIOR, WIS., Dec. 3.-Antic ing a run to-day, the bank of Sup did not open for business this mor Henry S. Butler is assignee, and assumed charge of the DUNK S an The failure is que to poor business heavy withdrawals since recent fai in St. Paul, Chicago, and this city. capital of the bank was $25,000, with plus of $6,000. The deposits were n $100,00, including $13,210 or city I This makes nearly $30,000 of public 1 tied up in a week. Officials of the say they will pay in tull. CHICAGO, Dec. 28.-The Atlas Nat Bank, at Washington and LaSalle st was practically in charge of the Ch Clearing House Association, represe the Associated Financial institution the city, when the doors were open the public at 10 o'clock this mor William C. Oakley, a former na bank examiner, was appointed the or the associated banks to superi the clerical and other details in co tion with the work of voluntary liq tion with the necessary cash assis of other banks. Small accounts were paid in full presented this morning, but, in no did the large depositors press for I diate payment, accepting the signed antee of the banks in the Clearing I that all depositors would get their II in full. Many business men and ba called to express their sympathy wit officers and directors of the bank It is believed the stockholders wi nearly all that is due them at par. The well-known connection betwee Atlas Bank and the Dime Savings a small but old institution, cause circulation of the report that it 1 also be forced to liquidate. Its doors opened for business as usual, but was little business to do. Depo came to draw out their savings, but were presented with a blank noti the bank that they desired to with so much in ninety days from date requested to fill out the paper, Other banks of the city were doing ness under normal conditions this I ing. The general opinion is that the Bank will follow the Atlas into volu liquidation within ninety days. The resources of the Atlas Na Bank are estimated at $2,550,000. wit ligations approximating the same an Owing to inability to realize the : value of the assets on a declining ket, it will be necessary for the I which are members of the Clearing-1 Association. to advance between $5 and $600,000. pro rated according to capital stock, in order to pay all app claims in full at once. This is exp to be done within a week. The at of money needed to complete the lic tion is about $100.000 more than W first expected by the ClearingCommittee. After Chairman Lomard, Clearine- House Committee who is

11. December 29, 1896 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, December 29, 1896

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OF BUSINESS Banking Circles is Chicago. AMENTS MADE IN TEXAS Hardware Company of Firm at Abilene. mercial Matters. 28.-The Atlas Nawent out of business in the failure of the and the Central Trust which assigned a year the Atlas. The coldefunct bank had on declearances was said to time Mr. Grannis made the Atlas National bank through the failure. who was president of the Savings bank, recently $250,000 against the Atlas C. D. Grannis and furwell. The suit is based which Mr. Paulson had the time for the failure Trust and Savings concern. that although his bank the Atlas National bank, to cover all claims facilities were refused forced to assign. result of the failure of the Hlinos last week, the paying off its depositors the first step in the institution from busiwere received and as were checked up depositfull and their books taken suffered heavily from the by the closing of the NaIllinois, deposits aggregathaving been withdrawn last that a gradual shrinkage over a long period of resources of the institulow figure and it was defrom business. house committee, at the reafters of the bank, made an its accounts with a view doors to close without loss the bank was found to be expediate liquidation, so far reconcerned. the commitSheald of the Associated banks C. B. Farewell said toApositors have been paid off. share holders will repercentage of their interest momparatively young bank. 1887. Its statement of I showed a surplus of $147,000 profts of $50,000. The statedived deposits of $1,860,000; to the amount of $100,000. dirousts $1,941,000, and cash iposits six months ago lavings Bank. lumber 28.-In pursuance of strong the directors of the who had a secret sesa general meating of called for this afternoon leasurer George W. Reed's bricaded and payments are the ninety day withdraw granted in the statutes to with the announcement this morning, atseawn to the Dime Savings of the personnel of the Inctories governing those two W. C. D. Grannis, president National, is vice president of Spings bank, and several dia Atlas National are on the the Dime Savings bank. Conblear of the officers, there was issual display of excitement at lavings bank today. The bank use aring of the ninety days notice the height of the recent that banking circles to prevent was threatened. Officials a vigorously denied that the Atof in any way influenced the the Dime Savings bank. action there was a persistent silence of the directors. beinterviewed." said Treasmay say. however, that o'clock. the bank will meet this after- the decide It remains for he diwhat we shall do. We have avings sayment, which is our privilege. banks took advantage of liquidation of the Atlas Nathis bank?' be interviewed. The direcracted the not affairs of the bank and to say anything. ejunction Safety Vaults. which 13 no with the Dime Savings man. wise affected by the Athave of the Dime Savings bank's There already filed their withwas a that stream They way an meet the notices banks' 1 means or flurries. are laboring of self all of of the people me

12. December 29, 1896 The Evening Tribune Pawtucket, RI
Article from The Evening Tribune, December 29, 1896

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BANKING FAILURES. The Dime Savings bank of Chicago yesterday suspended payments under the 90-day withdrawal notice allowed by state law. The bank is owned by the saine people who conducted the Atlas bank. which has also suspended. William M. and J. S. Van Nertwick, bankers and manufacturers at Batavia, Ills., mde an assignment yesterday. This was brought on by the Atlas National bank closing. Their property interests are heavy, and they will pay in full. The Scandia bank, a small concern of Minneapolis, with a capital of $60,000. suspended payment yesterday noon upon the advice of Bank Examiner Kenyon. President Sunday says that he believes that the creditors will eventually be paid in full. The McCoy banking company of Independence, Mo., went into voluntary liquidated yesterday, in compliance with an order made at a meeting of the board of directors held on Dec. 25. The bank refused to receive deposits and began paying depositors in full. The reason for the bank going out of business is that its president. William McCoy, is too advanced in years to manage its affairs longer. [Advertise you" wants in the TRIBUNE.

13. December 29, 1896 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, December 29, 1896

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VOLUNTARY LIQUIDATION. Two Banks Decide to Retire From Business. CHICAGO, Dec. 28.-Partly as a result of the failure of the National Bank of Illinois last week, the Atlas National bank began paying off its depositors today, this making the first step in the retirement of that institution from business. No deposits were received, and as fast as accounts were checked up depositors were paid in full and their books taken up. The Atlas suffered heavily from the run occasioned by the failure of the National Bank of Illinois, deposits aggregating $900,000 having been withdrawn last week. This and the fact that a gradual shrinkage of deposits, extending over a long period of time, brought the resources of the institution down to a low figure, and it was decided to retire from business. The clearing house committee, at the request of the officers of the bank, made an investigation of its accounts with a view to allowing the doors to close without loss to the public, and the bank was found to be solvent. To expedite liquidation, so far as the creditors are concerned, the committee pledged the aid of the associated banks of Chicago. The statement of Dec. 17 showed a surplus of $140,000 and undivided profits of $50,000. The statement also showed deposits of $1,860,000, bills payable to the amount of $100,000, loans and discounts of $1,941,000, and cash of $820,000. The deposits six months ago amounted to $3,500,000. Washington, Dec. 28.-Mr. Eckels said today that the creditors of the Atlas bank would be paid in full at onoe through advances by the Chicago clearing house, and, in his opinion, the stockholders eventually would realize 100 per cent, thus losing nothing on what they had put in. Kansas City, Dec. 28.-The McCoy Banking company, of Independence, Mo., went into voluntary liquidation today. The bank refused to receive deposits this morning and began paying its depositors in full. The reason given for the bank going out of business is that its president, William McCoy, is too advanced in years to manage its affairs longer. The capital stock of the bank is $50,000. The bank's deposits amount to about $55,000 and it has outstanding loans of $72,000.

14. December 30, 1896 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, December 30, 1896

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, STILL THE BANKS GO DOWN. More Failures of Financial Institutions In the West Reported. Minneapolis, Minn., December 29.- - The Columbia National bank of this city closed its doors today. The Columbia National bank was accredited with a capital of $200,000. The last statement published by the bank showed individual deposits of $250,000 and bank deposits of $250,000. Its loans mounted to nearly $500,000. Roanoke, Va., December 29.-The Commercial National bank of this city bas closed its doors. The paid up capital of the bank is $100,000; surplus $37,000. Comptroller Eckels says the failure of the Commercial National bank of Roanoke, Va., is not important. Chicago, December 29.-As a result of the voluntary liquidation of the Atlas National bank of this city, William N. and John J. Van Northwick, who held 461 shares of stock in that bank and were borrowers therefrom to the amount of $300,000, have made an assignment. The total liabilities will probably be $2,000,000, Seattle, Wash., December 29. - The B. E. Stetson and Post Saw Mill company closed down its plant yesterday, throwing seventy men out of employment. The over production of lumber together with the recent failures of eastern banks affecting a number of western lumber firms caused the suspension.

15. December 30, 1896 The Bryan Daily Eagle Bryan, TX
Article from The Bryan Daily Eagle, December 30, 1896

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COMPELLED TO ASSIGN Atlas Bank Failure Ruins the Van Nortwick Brothers. THEIR FAILURE IS A BIG ONE. They Were Interested In a Number of Enterprises, All of Which Go With the Assignment-A Bank In Virginia and One In Minnesota Fail-Numerous Firms Forced to the Wall. Batavia, Ills., Dec. 29.-The suspension of the Atlas National bank of Chicago has precipitated the suspension of the Van Nortwick bank of Batavia and the assignment of William M. and John S. Van Nortwick of all their vast property in the interests aggregating $2,500,000, to the Equitable Trust company of Chicago. Articles of assignment were filed in the Kane county court at Geneva and were three in number, William M. and John S. Van Nortwick, each assigning as individuals and the two assigning as a firm. Their schedule of indebtedness was not filed with the articles of assignment, but the liabilities are said to aggregate $2,000,000. The Van Nortwick interests, aside from the Batavia prop. erty, is largely in papermills and manufacturing industries. Their last statement of assets, prepared a year ago, placed their wealth at $2,500,000. They own a business block, residences and two farms in Batavia township, the whole valued at $150,000; also the West. ern paper bag factories at Batavia and Kaukauna, with a daily output of 2,000,000 bags; also a strawboard mill at Batavia, unused. The papermills at Appleton, Wis., are valued at $800,000. They own valuable pine lands in Wisconsin and valuable stock in the old Second National Bank of Aurora, the Aurora cottonmills and the Kaukauna and Appleton banks. They are principal owners of the Appleton Manufacturing company of Geneva, Ills. The brothers own 464 shares in the Atlas National bank of Chicago. Such was the general confidence of Batavia depositors in the Van Nortwick, how. ever, that there was no run on the bank, notwithstanding the reports of the trouble of the Atlas bank and the Van Nortwicks' connection with the same. Cashier W. L. Grimes of the bank, when seen by a reporter, declined to give a statement of the bank's assets and the liabilities, simply declaring that the depositors would be paid in full. The Van Nortwicks' assets, he said, were a:aple to meet all liabilities if the assig ees took sufficient time to realize upon the property. Cashier G-imes said the assignment made by the Van Nortwicks includes everything they have even to their homestead. He said they held nothing back. and it was his belief the creditors e would be paid dollar for dollar. Cashier Grimes further stated he knew of no reason why any of the institutions in which the Van Nortwicks were interested should close their doors, as they were all making money. The directors of the First National bank of Batavia held a meeting to dis. o cuss the outlook and reported the bank would be able to meet all demands upon it today.

16. January 1, 1897 The United Opinion Bradford, VT
Article from The United Opinion, January 1, 1897

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dockmen in Hamburg threatening strike-Fire in Brooklyn; loss, $100,-Agreement of the powers for encement of reforms in Turkey almost nplete - Spanish prime minister, novas del Castillo, has confidence in veland and Olney— in Postblock in Amesbury, Mass., does Reported fatality at near Claremont, N. H--A $15,000 at Clinton, Mass-Stephen Marfine country house in WestchesN. Y., destroyed by fire-Hundreds people at Manchester, Conn., become of the cocaine habit-General Meredith Read died of pneumonia Paris-Knights of Labor are preparfor a silver campaign in 1900 of Kate Field in San Francisco -Street Railway Magnate Yerkes to Chicago-Ex-District Attorney of Middlesex county, Mass., dead -Thousands enjoy the skating on many Adams Express npany to operate on New England after Jan. 1-Funeral in South of John Ray,an old member of department-United States SenaSmith of New Jersey not in favor revenue- Bangor. Me.,excited the discovery of tuberculosis among National bank of Chidecides to retire from businesssperado Mat Shea captured in Bosand taken to Clinton, Mass., for 1-Suicide of Otto Wasmansdorff, at Chicago- Apostolic DeleMartinelli welcomed to New Engat Worcester. Mass-Overcoats two Salem (Mass.) miniters stolen they were preaching the large house of Julius Lansburg at shington was destroyed by fire. Loss amount to about $200,000-Ohio of the United Mine Workers of will ask for an increase of pay James R. Francisco died at Tremont, in the 82d year of his age. He was of the oldest railway engineers in the Charles S. Campbell, a Middle grocer at Portland. Me., made an gnment-Amide Lendeauxof West- of 3 years old, drank a cup that his mother had prepared for own use. He will kitchen Mayor Green's house at Woonsocket, wrecked by explosion of water ter-Thousands of suffering inhabof the Azore island appeal to erica for aid. TUESDAY, DEC. 29. and means committee began to producers on new tariff reguConaty given testimonial quet by citizens of Worcestermeeting at Boston to protest discharge of 800 strikers by West company-Trial of Charles A. accused of attempting to burn seminary. begun at Montpelier, Body of David Blakely exhumed Bradford. Vt., by life insurance comwho are not satisfled as to cause death-Funeral of George O. Carat Boston.--T. C. Platt says he not want New York senatorship(N. H.) Car company assigns Wages of Lynn (Mass) shoe operacut 15 to 20 per cent--M. ClemenFrench statesman, seriously illgovernment decides to anglicize Buffalo race meeting transto Fort Erie. Ont., where betting lowed-Meeting of American Ecoassociation convenes at Baltimore Total number killed in Birmingham bridge accident 24-President cabinet decide to foreclose Pacific mortgages--Isaac Zuker, real estate dealer. convicted of at New Six-day bicycle begins at Washington-Secretary De Olin and Spanish minister agree on proposition to be sub. of to congress for settlement war-Bellef among Cubans that is not dead- Julio Sanguilly sento Imprisonment for life at ana-Suit for a receiver in Kansas in favor of the Santa Fe road— steamer Volo lest on southern of Sweden—Dr Swan of StoughMass., weds Miss Sterns of Bangor, bank of Chicago the Atlas into liquidation-Boston students produce 'Richard II." a woman's role in the cast-A bridge alderman proposes a subway Harvard square "Spike" Sullivan Jerry Marshall in New Yorkof the late Austin Corbin's esdecide to syndicate its collateral Nortwicks, prominent manufacturers of the west. cardown by bank failures and obliged ispose of their property WEDNESDAY, DEC. 30. inference of Faneuil hall committee President Little of the West End railroad at Boston - John O. and the wife of Dr. P. W. Roberts left Bath, Me., breaking up two Mrs. J. A. Burden, a New society leader. robbed on Fifth Ways and means committee a hearing on the cotton schedule Electric plant burned out in Newark, Loss, $175,000 The long threatsplit in Tammany hall takes trade place fail-

17. January 1, 1897 Little Falls Weekly Transcript Little Falls, MN
Article from Little Falls Weekly Transcript, January 1, 1897

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THE ATLAS LIQUIDATION. It Causes the Suspension of the Van Nortwick of Batavia. Batavia, Ills., Dec. 30.-The liquidation of the Atlas National bank of Chicago has precipitated the suspension of the Van Nortwick bank of Batavia, and the assignment by William M. and John S. Van Nortwick, of all their vast property interests, aggregating $2,500,000, to the Equitable Trust company of Chicago. The Van Nortwick interests, aside from Batavia property are largely in paper mills and manufacturing industries. Their last statement of assets prepared a year ago placed their wealth at $2,500,000. They own a business block, residences and two farms in Batavia township, the whole valued at $150,000; also the Western paper factories of Batavia and Kaukauna, the largest concerns of the kind in the world, with a daily output of 2,000,000 bags; also a strawboard mill at Batavia, unused. The paper mills at Appleton, Wis., are valued at $800,000. They own valuable pine lands in Wisconsin, and have stock in the old Second National bank of Aurora, the Aurora cotton mills and the Kaukauna and Appleton banks. They are principal owners of the Appleton Manufacturing company of Geneva, Ills.

18. January 2, 1897 Chicago Eagle Chicago, IL
Article from Chicago Eagle, January 2, 1897

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broad. and has come out of Its laces at home. The Treasury gaining rapidly. There are me work in the factories than the wo months ago. Hence the sh are doing better. Yet in spite of this marked i in conditions two Chicag closed their doors. One . the second largest in the ei eposits amounting to 12 million Bryanites are delighted with th losures. They point to them ations that there has been no 1 and assent there will be The signs of better times wou more abundant had the held in the spring Instead all. Winter brings with it in 1 limates a cessation of labor , ranches of Industry. The 1 rades, for Instance, are inactive Winter is a hard season even Imes. There are so many me vork then necessarily. that the vays complaint of hard times. not been for the defeat of Br, nee coinage this winter wou the worst one this coun ver known. It would have tarvation. vinter of panie, enforced idlen It was not the aproach of owever, which broke the IIIII lonal and caused the Atlas to : ousiness. Had the last three y een marked by panies and busi ression neither bank woul losed Its doors. Had they be ged more ably and conser ether would have gone out It is well known why the IIII lonal bank failed. It loaned to noney on securities which were not worth the amount lo hem. Forgetful of the fact ssence of good banking is lei who will repay, the bank 1 million epay. to men who were not I The Atlas was not as badly 1 the other bank. but It loa nuch to two or three individual too many of its eggs in one "hat is always unwise and is when times are hard. But vould have kept on and have noney-making concern had it or an unspoken but none the le lack of confidence concernir Depositors gradually begar trawing their money and the I to suffer from anaemia. the deposits were $3 "welve days ago they were . 00,000. The heavy withdra week brought them down $00,000. Evidently the only ti do was to go into voluntary

19. January 7, 1897 Mineral Point Tribune Mineral Point, WI
Article from Mineral Point Tribune, January 7, 1897

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winnam of one of the Kansas electors, W. H. Linton, who is alleged to be disqualified because he deserted from the army. The Laconia car works, at Laconia, N. H., was petitioned into an involuntary insolvency. The total liabilities are placed at $617,000 and the assets at $407,000. James R. Francisco, who operated the famous John Bullengine on the Camden and Amboy railroad, in 1836, died at: Fremont, O., aged eighty-one years. 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. New York-The board of estimates inserted in the budget for 1897 the sum of $70,000 for ceremonies attending the dedication of the Grant monument. Baltimore-The ninth annual meeting of the American Economic association will begin at Johns Hopkins university and will continue until Thursday. Washington-The large furniture house of Julius Lansburg, on New York avenue, was burned; loss on building, stock and adjacent struetures, $200,000. John McCord of Oberlin, Ohio, died in the Grand Central railway station in New York, of heart disease. He was returning home from a visit to relatives at New Haven, Conn. Comptroller Eckels in an interview says the recent bank failures have been due largely to local causes and that the general condition of the national banks is excellent. District Attorney Olcott of New York has written a letter to the aittorney general asking his advice as to whether the deputies in his office are subject to civil service. Mrs. Ella Eager, wife of a locomotive engineer, committed suicide at New Haven, Conn., by throwing herself in front of her husband's locomotive. The couple had quarreled. Total appropriations for the various branches of the New York city government of New York for 1897 foot up close to $50,000,000, a larger sum than ever was granted before. Topeka, Kan.-General Buckner sent a cask of whisky and $50 to Dudley town for a Christmas present. It was the only township in the union carried by Palmer and Buckner. Otto Wasmansdorff, senior partner in the Chicago banking firm of Wasmansdorff & Heinemann, which suspended as a result of the failure of the National bank' of Illinois, committed suicide. It is reported that Charles T. Yerkes, the Chicago street railway magnate, will make his home in New York and will have two of his Chicago stocks listed on the New York exchange. H. C. Henry, the millionaire contractor, has confirmed the report that he had secured the contract to build the approaches to the Great Northern railroad tunnel through the Cascade mountains. Judge Myers, at Oskaloosa, Kan., dismissed the receivership case of the Atohison, Topeka and Santa Fe Railroad company, holding that the alien land law of Kansas is not applicable to railroads. Van Nortwick Bros., bankers at Batavia, III., and holders of large property interests in several states, made an assignment, as a result of the liquidation of the Atlas National Bank of Chicago. Chicago-Mrs. Mary Logan Tucker of Wisconsin and her son have been left a fortune by Captain Lemon of Washington. They are the wife and son of Major Tucker, who is now stationed at St. Paul. San Francisco-Information has been received announcing the death at San Salvador of Dr. Albert Sanchez, director of the meteorological and astronomical observatory of the state of San Salvador. A letter received at the state department in Washington from a high authority in the Turkish government indicates that Emperor William of Germany and the sultan have formed an alliance. After W. J. Bryan's Atlanta lecture Mr. McBee, his financial backer, offored to fulfil the contract and pay the lecturer $10,000 to bind the contract. Mr. Bryan refused It, and Mr. McBee did not press it. Governor Morton has appointed Col. Ashley W. Cole, his private sec-

20. January 7, 1897 Mineral Point Tribune Mineral Point, WI
Article from Mineral Point Tribune, January 7, 1897

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NEWS OF THE WORLD. HOME NEWS. Kingston, N. Y.-The thermometer was 16 below. New York-Isaac Zucker was convicted of arson. Pittsburg-Another armor plate factory will start here. Isaac Ruker was sentenced to thirtysix years in prison in New York for arson. The new cotton mill at Centreville, R. I., was started, giving work to 600 operatives. The commissioners of Lane county, Kan., have declared the county insolvent. Wm. Whaley and his wife were murdered by unknown men at Seviersville, Tenn. Col. Thomas A. Dent, who was connected with the Steelton (Pa.) National bank, died of pneumonia. Archbishop Martinellli, the papal delegate, was given a reception and banquet at Springfield, Mass. Philadelphia-Charles B. Parrish, one of the oldest and wealthiest coal operators in Pennsylvania, is dead. It is said that Judge Simonton will order the sale of the Cape Fear and Yadkin Valley railroad as a whole. Archbishop Corrigan said he had received no announcement that he was to be appointed a cardinal, as reported. The Columbia National Bank and the Washington Bank, a state institution, closed their doors at Minneapolis. New York-Thomas C. Platt in an interview said. "I am satisfied that Mr. Choate will not be the next senator. California orange growers will send a delegation to present the needs of the orange men to the tariff committee. The republican club of New York decided not to indorse the candidacy of Joseph H. Choate for the United States senate. Franklin, Tenn., was nearly wiped out by fire early Sunday morning. The loss runs up into the thousands. The Dime Savings bank of Chicago took advantage of the ninety-day withdrawal notice law and suspended payment. Fire at Nashville, Tenn., early Sunday morning destroyed a number of business block, causing a loss of $500,000. The Commercial National Bank of Roanoke, Virginia, suspended payment. It is said that the depositors will be paid in full. Wm. J. Bryan, in a speeca at Lin coln, Neb., said that business ires have increased since the electice of McKinley. The Bank of Superior, at West Superior, Wis., suspended payment on account of a run with which it was threatened. Tammany will invite all soundmoney as well as silver democrats in New York to participate in the next primary election. The Atlas National bank of Chicago will liquidate and go out of business. The clearing house will pay deposItors in full. New York-Isabelle Evesson, the actress, has brought suit for $8,000 against T. Henry French, the theatrical manager. Edward Avery, who was for several terms chairman of the Massachusetts democratic state committee, died aged 58 years. Frederick, Md.-Charles W. Hoffman, LL. D., Hbrarian of the United States supreme court since 1878, is dead, aged 67. Fire in the building occupied by the Consolidated Stock and Petrofeum exchange, New York, did damage to the extent of $2,000. Charles Boemer was arrested at his wife's grave in Chippewa Falls on complaint of a young girl at Sparta charging him with being the father of her child. Louisville-Governor Bradley declared that it was his purpose to resign the office of governor, saying that it was killing him. At least twenty-one bodies have been taken from the debris of the wrecked train at the Onhaba river bridge, near Blocton, Ala Mount Vernon, Ill-Granville Fyko's sawmill blow up and killed his wife and seriously and perhaps mortally wounded Fyko and one child. The jury at Dayton, Onio, in the case of Albert Franz, tried for the murder of Bessie Little, ga e a verdict of murder in the first degree. James W. Brady, a clerk in the sixth auditor's office at Washington, fell dead in " street car in that city. He lived at Catonsville, Md. A strike instituted at Georgetown Mass., has thrown out of work 150 men and promises to embrace the entire six shoe factories of the town. Bob Breckinridge, a son of the excongressman, has returned home after a three years' tramp all over the world. He worked his own way. Ex-Queen Lil has taken a residence in Boston's fushionable suburb, Brook-

21. January 7, 1897 Wood County Reporter Wisconsin Rapids, WI
Article from Wood County Reporter, January 7, 1897

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NEWS OF THE WORLD. HOME NEWS. Kingston, N. Y.-The thermometer was 16 below. New York-Isaac Zucker was convicted of arson. Pittsburg-Another armor plate factory will start here. Isaac Ruker was sentenced to thirtysix years in prison in New York for arson. The new cotton mill at Centreville, R. 1., was started, giving work to 600 operatives. The commissioners of Lane county, Kan., have declared the county insolvent. Wm. Whaley and his wife were murdered by unknown men at Seviersville, Tenn. Col. Thomas A. Dent, who was connected with the Steelton (Pa.) National bank, died of pneumonia. Archbishop Martinellli, the papal delegate, was given a reception and banquet at Springfield, Mass. Philadelphia-Charles B. Parrish, one of the oldest and wealthiest coal operators in Pennsylvania, is dead. It is said that Judge Simonton will order the sale of the Cape Fear and Yadkin Valley railroad as a whole. Archbishop Corrigan said he had received no announcement that he was to be appointed a cardinal, as reported. The Columbia National Bank and the Washington Bank, a state institution, closed their doors at Minneapolis. New York-Thomas C. Platt in an interview said. "I am satisfied that Mr. Choate will not be the next senator. California orange growers will send a delegation to present the needs of the orange men to the tariff committee. The republican club of New York decided not to indorse the candidacy of Joseph H. Choate for the United States senate. Franklin, Tenn., was nearly wiped out by fire early Sunday morning. The loss runs up into the thousands. The Dime Savings bank of Chicago took advantage of the ninety-day withdrawal notice law and suspended payment. Fire at Nashville, Tenn., early Sunday morning destroyed a number of business block, causing a loss of $500,000. The Commercial National Bank of Roanoke, Virginia, suspended payment. It is said that the depositors will be paid in full. Wm. J. Bryan, in a speech at Lin coln, Neb., said that business fatheres have increased since the electic of McKinley. The Bank of Superior, at West Superior, Wis., suspended payment on account of a run with which it was threatened. Tammany will invite all soundmoney as well as silver democrats in New York to participate in the next primary election. The Atlas National bank of Chicago will liquidate and go out of business. The clearing house will pay depositors in full. New York-Isabelle Evesson, the actress, has brought suit for $8,000 against T. Henry French, the theatrical manager. Edward Avery, who was for several terms chairman of the Massachusetts democratic state committee, died aged 58 years. Frederick, Md.-Charles W. Hoffman, LL. D., librarian of the United States supremo court since 1873, IS dead, aged 67. Fire in the building occupied by the Consolidated Stock and Petroleum exchange, New York, did damage to the extent of $2,000. Charles Boemer was arrested at his wife's grave in Chippewa Falls on complaint of a young girl at Sparta charging him with being the father of her child. Louisville-Governor Bradley declared that it was his purpose to resign the office of governor, saying that it was killing him. At least twenty-one bodies have been taken from the debris of the wrecked train at the Cahaba river bridge, near Blocton, Ala. Mount Vernon, Ill.-Granville Fyko's sawmill blew up and killed his wife and seriously and perhaps mortally wounded Fyko and one child. The jury at Dayton, Ohio, in the case of Albert Franz, tried for the murder of Bessie Little, gave a verdict of murder in the first degree. James W. Brady, a clerk in the sixth auditor's office at Washington, fell dead in a street car in that city. He lived at Catonsville, Md. A strike instituted at Georgetown. Mass., has thrown out of work 150 men and promises to embrace the entire six shoe factories of the town. Bob Breckinridge, a son of the excongressman, has returned home after a three years' tramp all over the world. He worked his own way. Ex-Queen Lil has taken a residence in Boston's fashionable suburb, Brookline. She has declined several propositions to go on the lecture platform.

22. January 13, 1897 The Abbeville Press and Banner Abbeville, SC
Article from The Abbeville Press and Banner, January 13, 1897

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Domestic. The long threatened split in Tammany Hall, New York City, came when Henry D. Purroy, with several district leaders, openly bolted the organization and announced that he would form a new Tammany. Isaac Zuker was sentenced to thirty-six years' imprisonment for arson by Judge Fursman, in the Criminal Branch of the Supreme Court, New York City. Burglars entered the branch office of the Metropolitan Insurance Company, in West Forty-second street, New York City, and after blowing open a big safe in front of an open window stole $1500 in cash and valuable jewelry. Mrs. James Abercrombie Burden, wife of a millionaire iron founder. was attacked on Fifth avenue, in New York City, in broad daylight, by a highwayman, who flourished a knife, threw her down and ran off with her pocketbook. He was captured by Policeman Young after a hot chase. The Columbia National and Washington Banks of Minneapolis. the Commercial National Bank of Roanoke, Va., and the Van Nortwick Bank at Batavia, III, closed. Fire destroyed the electric light plant in Newark, N.J., and the city and'several nearby towns were left in darkness for a right. Isnac Zuker was convicted of arson in the first degree in having planned the burning of his building in New York City in January, 1892. The Atlas National Bank, of Chicago, Ill., began liquidating its affairs, and the Dime Savings Bank, of the same city, required depositors to give ninety days' notice of withdrawals. Three masked men, armed with revolvers, entered the saloon of Mrs. Mary Bernhardt, In Chicago, at 11 o'clock p. m., and robbed the place of $450. Mrs. Bernhardt was bebind the bar when the men came in, and two patrons of the place were sitting at a table playing dominoes. Two men were killed and another was fatally shot in a general fight six miles north of Mount Vernon. Ky. The dead are A. Rowland and Jack Rigsby. The wounded man is Greeley Lear. The fight began at a merrymaking. and was fought out on the highway in Kentucky feudal fashion between opposing factions. At Superior, Wis.. anticipating a run, the Bank of Superior did not open for business. Henry S. Butler is assignee. and has assumed charge of the bank's affairs. The failure is due to poor business and heavy withdrawals since recent failures in St. Paul and Chicago. The capital of the bank was $25,000, with a surplus of $6000. The deposits were nearly $100,000, including $13,210 of city funds. More than $1,500.000 was voted to hospitals, asylums and other charitable institutions for 1897 by the Board of Estimate, of New York City. The Lehigh Mills, in South Easton, Penn., manufacturers of cotton goods, have shut down for four months. and there is said to be but little prospect of a resumption at the end of that period. Depression in business is given as the cause of the shut-down, and one hundred employes are affected. The plant was started nearly one hundred years ago, and this is the first shut-down it has experienced. City Treasurer Turner. of Boston. Mass., opened bids for $1,890,000 3½ per cent. and four per cent. ten, twenty, and thirty year loans. The contract was awarded to Blake Brothers and R. L. Day. whose bid was $1,944,286 for the entire loan. The Scandia Bank, of Minneapolis, Minn., closed its doors. It was organized fifteen years ago by M. Grinager, a prominent Scandinavian politician. who died in 1893. Its President is R. Sunde, who came to Minneapolis ten years ago from Wilmar. Minn., where he had made a fortune as a money lender. Thomas J. O'Malley, a Chicago Alderman, has been indicted for the murder of "Gus" Colliander, in an election booth in 1894. A mail train from the West was robbed at one of the New York City stations and a large sum of money taken from letters addressed to New York firms. The letters, without in. closures, were found in the lower bay. Mrs. Agnes Antoinette Halpin, wife of ex. Assemblyman William Halpin, died in New York City of nervous exhaustion, collapse and gastritis, caused by the excessive use of Jamaica ginger. This habit is said to be prevalent in many places. The West End Street Railway Company of Boston, on which a strike occurred recently, discharged 700 union men, including the members of the Conference Committee and officers of the union. The Board of Directors of the Security Mortgage and Trust Company, Dallas, Texas, made application for the appointment of a receiver. The liabilitieso the company are, approximately, $2,000,000. Georgia's alleged titled convict, "Lord Beresford, as Sidney Lascelles called himself, was madea freeman by act of Governor Atkinson, who took pity upon him and pardoned him for his model conduct while in prison. The Atlas National Bank, Chicago, decided not to open its doors again, and the Clearing House will advance $600,000 tc help it pay all claims on demand. The bank has a capital of $700,000. W. C. D. Grannis is President. Thesecurities were examined and found to be ample to pay all claims in full.