3764. First National Bank (Sioux City, IA)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
1757
Charter Number
1757
Start Date
November 19, 1896
Location
Sioux City, Iowa (42.500, -96.400)

Metadata

Model
gpt-5-mini
Short Digest
874b46a8

Response Measures

Full suspension, Books examined

Other: Officers / stockholders later planned reorganization and increased capital; receiver/examiner placed in charge.

Description

Contemporary reports state the First National closed Nov 19, 1896 after heavy withdrawals following the failure of the Iowa Savings Bank (run triggered by local bank failure/rumors). Examiner took charge and the officers invoked the 60-day law; reorganized and permitted to resume in March 1897.

Events (4)

1. November 19, 1896 Run
Cause
Local Banks
Cause Details
Heavy withdrawals triggered by the recent failure of the Iowa Savings Bank and related rumors about local banking stability.
Measures
Officers invoked the sixty-day (30/60/90) law to delay payments; bank examiner/Comptroller notified and examiner placed in charge.
Newspaper Excerpt
The First National bank of Sioux City closed its doors at 10 o'clock this morning, a result of heavy withdrawals since the failure of the Iowa Savings Bank last week.
Source
newspapers
2. November 19, 1896 Suspension
Cause
Local Banks
Cause Details
Suspension/closure due to inability to meet steady withdrawals sparked by other local bank failure and loss of depositor confidence.
Newspaper Excerpt
The First National bank has closed its doors...closed on account of steady withdrawals and inability to get necessary money. The comptroller of the currency has received notice of the failure...
Source
newspapers
3. December 22, 1896 Other
Newspaper Excerpt
The stockholders of the suspended First National bank held a meeting...decided upon a plan of reorganization. The bank will be reopened with a capital stock of $200,000 ... effecting a reorganization early next month under an entirely new management. (Dec. 22 report).
Source
newspapers
4. March 16, 1897 Reopening
Newspaper Excerpt
The First National Bank of Sioux City...which suspended payment Nov. 19, 1896, having complied with all the conditions precedent to resumption, and its capital stock being now unimpaired, has been permitted to resume business.
Source
newspapers

Newspaper Articles (21)

Article from Deseret Evening News, November 19, 1896

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Business Failures. Broux CITY, Nov. 19,-The First National bank has closed its doors. The failure is due to heavy withdraw. ale. CHICAGO, Nov. 19. - The Probet Construction company made an assignment to Gustave Wilke, The company is one of the Inrgest contracting concerns in the country. The company buflt the Coliseum, Schiller bullding, and Peristyle at the World's Fair, the Fisheries building. Hagenbacks building on Midway Plaisance, the court house at Fort Worth, Texas, and other notable buildings. NEW YORK, Nov. 19.-Blichter, a member of the Probat Construction company, with headquarters in this city, was questioned today with reference to the report from Chicago that the company had made an assignment. He 9810: "I have heard nothing of the assignment, though naturally I should have been advised. I know no cause for such proceeding." WASHINGTON, Nov. 19.-The comptroller of currency has received notice of the failure of the First National bank, Sioux City, Iowa. The capital is $100,000. The liabilities to depositors at the date of the last report Was $407,000; loans and discounts $492,000. Bank Examiner Bianding bas been placed in charge.


Article from The Wheeling Daily Intelligencer, November 20, 1896

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BANK FAILS. First National Bank or stonx City Makes 1411 Assignment. SIOUX CITY, Iowa, Nov. 19.-The First National Bank of Sioux City closed its doors at 10 o'clock this morning. a result of heavy withdrawals since the failure of the Iowa Savings Bank Inst week. The bank has always been considered one of the most solid financlal Institutions in the northwest. The bank had nearly $400,000 In deposits: loans and discounts, $192,000; capital, $100,000. The failure of the First National caused n run on the Sloux City Savings Bank, J. T. Stone being president of both institutions. + The officers took ndvantage of the sixty-day law, but late


Article from Great Falls Weekly Tribune, November 20, 1896

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Failures in Iowa. SIOUX CITY, Nov. 19.-The First National. bank of Sioux City closed its doors at 11 o'clock this morning as a result of heavy withdrawals since the failure of the Iowa Savings bank last week. E. H. Hubbard, attorney for the bank, said the bank closed on account of steady withdrawals. The failure of the First National bank caused a run on the Sioux City Savings bank, T. J. Stone being president of both institutions. The officers took advantage of the 60-day law, but late in the day F. B. Ross was appointed re-


Article from Rock Island Argus, November 20, 1896

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BANK FAILURE AT SIOUX CITY. First National Closes Its Doors-Run on a Savings Bank Follows. Sioux City, Ia., Nov. 20.-The First National bank, of Sioux City, closed its doors at 11 o'clock yesterday morning, a result of heavy withdrawals since the failure of the Iowa Savings bank last week. The bank has always been considered as one of the solidest financial institutions in the northwest. It was organized in 1870. E. M. Hubbard, attorney for the bank made the following statement: "There is nothing to say, further than that the bank is closed on account of steady withdrawals and inability to get necesary money. Whether it will reopen again I can not say. No definite statement can be made until the bank examiner comes." The bank had nearly $400,000 in deposits; loans and discounts, $492,000; capital, $100,000. Sioux City, Ia., Nov. 20. -The failure of the First National bank caused a run on the Sioux City Savings bank, but it took advantage of the sixty-day law. The firm of J. K. Prugh, china and queensware, has assigned as a result of the failure of the First national. Later in the day a receiver was appointed for the Savings bank, to protect the stockholders and creditors. No further trouble is expected by business men here.


Article from Evening Journal, November 20, 1896

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BANK FAILURES. Sloux City Financial Institutions Embarrassed by Lack of Funds. SIOUX CITY, Ia., Nov. 20.-The First National bank of this city has closed its doors, a result of heavy withdrawals since the failure of the Iowa Savings bank last week. The bank has always been considered one of the most solid financial institutions in the northwest. It was originated in 1870. E. H. Hubbard, attorney for the bank, makes the following statement: "There is nothing to say further than that the bank is closed on account of steady withdrawals and the inability to get necessary money. Whether it will open again, I cannot say. No definite statement can be made until the bank examiner comes." The bank had nearly $400,000 in deposits; loans and discounts, $492,000; capital, $100,000. The failure of the First National caused a run on the Sioux City Savings bank, T. J. Stone being president of both institutions. The officers took advantage of the 60 day law, but late in the day F. B. Ross was appointed receiver, for the protection of stockholders and creditors. J. K. Prugh & Co., china and queensware, made an assignment as the result of the failure of the First National. Liabilities are given as $23,000, with $41,000 assets.


Article from The Salt Lake Herald, November 20, 1896

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Abbreviated Dispatches. A receiver has been appointed for the Sioux City Savings bank. Republcans of Texas are trying to find a place in the cabinet for ex-State Chairman John Grant. The First National bank of Sioux City, Is., has closed its doors. It is said depositors will be paid in full. The Army of the Tennessee elected officers yesterday. Milwaukee was selected as the place for the next reunion. Receivers have been appointed for the Johnson One Hundred company, dry goods, of Baltimore. Affairs will be wound up. The Netherlands line steamer Spaarndam, from New York to Rotterdam, is aground near the latter place. Her passengers were landed. J. K. Prugh, wholesale and retail crockery dealer of Sioux City, Ia., has failed withm assets aggregating about $41,000, and liabilities of $12,000. The body of Mrs. Alma Merritt, wife of George W. Merritt of New York, who committed suicide in the Hotel Cecil Saturday night, while temporarily 'insane, was cremated at Woking. The following California postmasters were appointed Thursday: C. E. Goodyear, at Dendwood. G. W. Brown at Hilton. T. Hale at Marcus. J. Mallard at San Geronimo, and Abona Iti at Valley Ford. Admiral Beardslee has telegraphed the navy department from San Francisco hat the flagship Philadelphia had returned and that he transferred his fiag nd staff to her from the Bennington, The Philadelphia is now in perfect condition for a long cruise. A representative of an English synd:ate in Sleepy Eye, Minn., offered Grant Crambel £10,000 more for the patent right the Brambel rotary engine patented y him, than was offered by the Allen vndicate. Mr. Brambel had just acepted the offer of £320,000 from the Allen yndicate and was forced to decline the offer of $50,000 more.


Article from The Saint Paul Globe, November 20, 1896

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Iowa Bank Closes. SIOUX CITY, Io., Nov. 19.-The First National bank has closed its doors. The failure is due to heavy withdrawals. The bank is one of the oldest institutions in the city, and was considered one of the soundest. The bank had nearly $400,000 in deposits; loans and discounts, $492,000; capital, $100,000. The failure caused a run on the Sioux City Savings bank, T. J. Stone being president of both institutions. The officers took advantage of the sixty-day law, but late in the day F. B. Ross was appointed receiver for the protection of the stockholders and creditors.


Article from Omaha Daily Bee, November 20, 1896

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$813,400.83 Total Thomas J. Stone was also president of the Sioux City Savings bank and as soon as the news of the failure of the First National became known there was a run on that bank, which continued until it was placed in charge of Charles B. Godd, late president. Officers refuse to make any statement of its finances, but there were about 2,000 depositors, mostly small amounts. The firm of J. K. Prugh & Co., dealers in crockery and glassware, and doing a large retail and jobbing trade, assigned on account of the bank failures. W. I. Buchanan, United States minister to Argentina, was a member of the firm until he took charge of the agricultural department of the World's fair, but Mr. Julian K. Prugh is now the entire firm. He gives his condition as follows: Assets-Stock on hand, $35,000; book accounts, $6,000; bills receivable, $500. Total, $41,500. Liabilities-Due First National bank, $16,500; rent due T. J. Stone, $3,000; account for goods purchased, $8,500. Total, $28,000. E. H. Hubbard, attorney for the First National bank, made the following statement tonight: "There is nothing to say further than that the bank is closed on account of steady withdrawals and the inability to get necessary money. Whether it will reopen again I cannot say. No definite statement on be made until the bank examiner comes. The comptroller of the currency, Mr. Eckels, has been notified, and until the examiner comes we shall have nothing more to say." WASHINGTON, Nov. 19.-The comptroller of the currency has received a telegram announcing the failure of the First National bank of Sioux City, Ia., capital, $100,000. Its liabilities to depositors at the date of its last report was $407,000; loans and discounts, $492,000. Bank Examiner Blaning has been placed in charge.


Article from Omaha Daily Bee, November 20, 1896

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Two Banks and a Jobbing Firm Go to the Wall. SIOUX CITY, Nov. 19.-(Special Telegram.)-One of the oldest and supposedly the soundest bank in Sioux City went down today, carrying with it another bank and one good business house. The First National bank, organized twenty-six years ago by Thomas J. Stone, who was a pioneer in banking circles here and had conducted a private bank for years, closed at 10 o'clock owing to a run which had exhausted the availabe funds. The bank helped nearly all the other banks three years ago. and was known at that time to have a large amount of money available. Recently the depositors have heard rumors which caused the run. The bank examiner will arrive tomorrow and take charge. The only statement is that made to the comptroller a month 260, as follows:


Article from San Antonio Daily Light, November 20, 1896

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FOREIGN AND DOMESTIC LATEST OFF THE WIRES FROM OVER THE WORLD. A Complete Epitome of the Day's Happenings, Briefed and Boiled Down, up to Time of Going to Press. Peruvian congress closes session today. Public prosecutor in France opens the Dreyfus case. Hardware men continue in session in Philadelphia. Buenos Ayres places an internal and an export tax on sugar. Norwegian bark Seladon, with 16 men, given up as lost at sea. The Athens socialist who dynamited & merchant, suicides. All Galveston newly elected county officers have qualified. Grant's friends continue to boom him for the postmastership. Probst Construction company, Chicago, assigns; no statement. Heavy whisky sales in Cincin nati indicate a rise in the productTwo torpedo boats belonging to the French navy collide and one of them is missing with 16 men. The debate in the French ministry over the Dreyfus case almos t wrecks the Melin ministry. French senate refuses to pass the emergency motion on the universal suffrage question 212 to 32. Taking of testimony in the Burt murder case begun in Austin. Prisoner unmoved. Congressional investigation begine into management of Kansas soldier's home. Kate Field's remains have not reached San Francisco, as anticipated. Detective tug is watching the Bermuda steamer in New York water. Vermont lower house refuses to pass woman suffrage bill, 135 to 89. Dr. Curry, of North Carolina, exminister to Spain, does not relish flying old glory over school houses. Nat Goodwin arrives from Australia and stops his suit entered in San Francisco court. Uncle Sam will order 40,000 Lee rifles from the Winchester Arms company. Washout passengers travel 60 miles on foot, in canoes and in hand cars, to reach Seattle. First National bank, Sloux City, Ia., closes its doors, but no other bank troubles are looked for. Press censor at Havana refuses to send any more news by wire from Havana. Judge Felix McCord of the Fourth Texas district has resigned. S inta Fe receivership case at Topeka is tied up tight by the court, neither party can wiggle. Winter tourist rates abolished to all points southeast, including New Orleans. Interchangeable mileage ticket is knocked out by the Central Pas. senger association. Orders are placed in this country for 15,000 tons rails, 5,000 for Japan and 10,000 for China. Rev. Hull, Minnesota, pleads guilty of poisoning his wife and gets six years in the pen. Jetty contractors restrained from tearing up railway track at Boliver Point and sued for damages. Judge Foster, of Iowa, wants the governorship of New Mexico. Ward case in Memphis makes progress and it is thought that defendant will testify. Hanna denies that he said his commercial relations would bar him from the treasury head. Higher duties on the drug decreases opium smuggling. Chief Engineer of the Navy Mellville makes his report, navy yard disbursements for the year being $675,000. Kenticky Democrate will contest the electoral vote of that


Article from Marietta Daily Leader, November 21, 1896

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CONDENSED NEWS Gathered From All Parts of the World by Telegraph. The personal estate of the late Geo. DuMaurier, the celebrated artist and author, is ascertained to be £47,830. Advices received from Manila say that the rising in the Philippine islands is extending to all of the provinces of the islands. The controller of the currency on being notified of the failure of the First national bank of Sioux City, Ia., has directed Examiner Blanding to take charge of the institution. The vote of Florida for president is officially announced as follows: Bryan and Sewall, 30,160; McKinley and Hobart, 11,389; Palmer and Buckner, 1,778; Bryan and Watson, 2,053: Levering and Johnson, 868. [(u) Edward J. Ivory, alias Bell, the alleged Irish-American dynamiter, was brought before the Bow street police magistrate Friday morning and was formally committed for trial in the criminal court, Old Bailey. The British steamer Memphis, which was wrecked on Thursday night in Dunlough bay on the south coast of Ireland, has entirely disappeared. The coast is strewn with wreckage which is being stolen and carried away by the wholesale. The Oceanic Steamship company's steamer Alameda, which arrived at San Francisco, brought 450,000 sovereigns, or about $2,160,000, for the Anglo-Californian and London, Paris and American banks. The sovereigns will be coined into American double eagles. The death was announced in London Friday of Sir Edmund Hornby in Rapallo, Italy. Sir Edmund was an acknowledged authority on international law and the principle of arbitration. He was married three times, his third wife being a Miss Roberts, of New York. The trolley cars of the Buffalo street railway were run Thursday by the Niagara power. It is being used in this experimental manner so that if in the early stages some accident occurs before the transmission the entire service will not be crippled. The experiment thus far has been a perfect success. At Fall River, Mass., Mrs. Ann Oatley, 67 years of age, killed Mary Ann Brennan, four years old, Thursday morning by braining her with an ax. Mrs. Oatley is insane. The child's parents are employed in the Border City mills and Mrs. Oatley had charge of the child while her parents were at world


Article from The Salt Lake Herald, November 21, 1896

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The Iowa Bank Failures. Sioux City, Ia., Nov. 20.-Bank Examiner Blanding today took charge of the defunct First National bank. The officers hope to reopen soon. The following statement of the condition of the Sioux City Savings bank, for which a receiver was appointed yesterday, was made today: Assets, bills receivable, $118,588.68; real estate, $34,514.88; cash on hand and stocks and bonds, $6,486.48; liabilities, stock and surplus, $55,463.97; deposits, $106,136.07.


Article from Twice-A-Week Plain Dealer, November 27, 1896

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# OUR CANDIDATE IN 1900 # THANKSGIVING CRUMBS. Reasons for Thankfulness(?) for a Few Who Voted for the Advance Agent of Prosperity. A soup house will be opened in Des Moines and a charity ball will be given during the holidays to raise funds to buy the bovine bones to flavor the liquid; tickets one dollar. Johnson, Ohrundro & Co., the largest dry goods and notton house Baltimore failed the 19th with liabilities of $189,000. The Probst Construction Company filed the 19. It was the largest contracting concern in the country with headquarters in New York. No statement of liabilities but understood it be heavy. The Sullivan county Savings bank New Hampshire is called upon to face a loss of $1,000,000. The banker John L. Farwell has gone to Europe and left only worthless or depreciated paper to the confiding depositers. Another wave of prosperity struck Sioux City Thursday last when the First National bank closed its doors upon its creditors. Its statement of October 6 showed capital $140,000, deposits $537,998.57. The crash was caused by depositors asking for cash instead of confidence. J. K. Prugh a large crockery dealer of Sioux City failed on Thursday last. No statement of liabilities, assets in the First National bank. Large cloak house in New York made assignment Thursday with $150,000 liabilities and meagre assets. CHILLICOTHE, 111., Nov. 16.-The Lacon Woolen Mills of John Grieves Son of Lacon, Ill., gave notice last night that the night force would be laid off for an indefinite period on account of lack of orders. They have tin night and day for several years and a few days before election they practiced the same game that many others did. They showed their men orders for woolens which would have required full force to make by April 1. They said that in case Bryan was elected the orders would be countermanded. Now that election is over it is apparent that these pretended orders were a fraud. The Tribune at Des Moines says: among the reports of many factories starting their wheels is one to the effect that a Des Moines factory, employing 200 men, has started up since the election. Nobody in Des Moines appears to know anything about it, and it can't be located. Wonder if most of the other reports are not based upon the same kind of a "confidence" foundation? The opening factories seem to be just over in the other state. The B. B. Richards Lumber company at Duluth has failed with $295,800 liabilities. B. B. Richards is president of a National bank at Dubuque, thinks there is money enough in the country, is a professed democrat, who went into the republican camp and voted for McKinley the advance agent of prosperity. POSTVILLE, Ia, Nov. 20.-The high wave of prosperity has swept over the Iowa and Dakota division of the . M. & St. P. railroad, which runs from North McGregor to Mitchell, South Dakota and left in its wake the mangled remains of 12 train crews sand numerous assistants at the depots who were laid off on account of "no business." As a train crew consists of two brakemen, conductor, fireman and engineer, it will be seen that 60 men who looked forward to steady work at good wages, when it was announced on Nov. 4th that the advance agent of prosperity had been elected are now standing around with their hands in their pockets, asking themselves the question, "Was all this a game of bluff or will the prosperity came later on?" Under the title, "Prosperity is Here," the Emmetsburg Democrat says, "Seven freight crews on the Milwaukee road were laid off the day after election, and five 'more are to lose their jobs. A large number of operators will also have to look elsewhere for positions. This is prosperity for you. However, the mills that closed the day before election, for the purpose of forcing their employees to vote the gold standard, have started up again. The dailies are talking about this. have nothing to say about those who have lost their positions since the defeat of Bryan," CHICAGO, Nov. 21.-The South Chicago Calumet announces that the Illinois Steel company has posted a notice of reduction in wages paid its blast furnace men, ranging from 10 to 25 per cent, to take effect December 1. The new scale ranges from $2.40 per day for keepers down to $1.35 for common labor and 85 cents for sample boys. The men affected work 12 hours per day and number several hundred. Only two out of eight blast furnacee at the South Chicago works are now running. SAGINAW, Mich., Nov. 21.-The First national bank of East Saginaw lis in the hands of National Bank Examiner Caldwell, who took charge of its affairs Saturday morning. YONKERS, N. Y., Nov. 20.-Owing to a large surplus of carpets on hand the big tapestry mill of the Alexander Smith & Sons' carpet company closed down Friday. It is rumored that the shutting down of other mills operated by the company will shortly follow. Friday's close down throws


Article from Omaha Daily Bee, December 23, 1896

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Plan of Reorganizing a Bank. SIOUX CITY, Dec. 22.-(Special Telegram.) -The stockholders of the suspended First National bank held a meeting today, presided over by George M. Coffin, deputy comptroller of the treasury, and decided upon a plan of reorganization. The bank will be reopened with a capital stock of $200,000, of which $50,000 will be contributed by depositors who are willing to thus invest a part of their deposits. The shrinkage in value of assets of the bank will not exceed $140,000 and it is believed there will be little trouble in effecting a reorganization early next month under an entirely new management.


Article from St. Johnsbury Caledonian, January 1, 1897

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assigned; aggregate liabilities, nearly $500,000. The Chicago Consolidated Iron and Steel Co. assigned; liabilities, about $300,000. B. Hilton, Hughes & Co., successors to A. T. Stewart & Co., New York, made a general assignment and closed business; liabilities over $1,000,000. 31. The Kings County Elevated Railway Co. of Brooklyn placed in hands of a receiver. SEPTEMBER. 4. The First National bank of Helena, Mon., failed, with heavy liabilities. 26. The First National bank of Springville, N. Y., suspended. Wolf Bros.' dry goods establishment in Little Rock closed by attachments; liabilities, $500,000. OCTOBER. 6. The Car and Lumber Co. of Tyler, Tex., failed; liabilities, $250,000. John Maclean & Co., wholesale millinery, failed in Montreal; liabilities, $175,000. B. L. Price & Co., clothing manufacturers, failed; liabilities, $125,000. 7. The First National bank of Ithaca, Mich., failed. 14. The Marine National bank of Duluth failed. 15. The Bank of Commerce of Buffalo closed its doors. 16. Merchants' National bank of Atlanta failed. 19. The Western New York Preserving Co., at Buffalo, seized by the sheriff for debt; 11abilities, $167,323. Charles Bertrand & Co., merchants, of Isle Verte, Que., failed, with liabilities of $235,000. 29. The Mecosta County Savings bank, at Big Rapids, Mich., suspended. NOVEMBER. 20. The First National bank of Sioux City, Ia., failed. 23. The Dakota National bank of Sioux Falls failed. 30. The Missouri National bank, at Kansas City, passed into the hands of the comptroller of the currency. The First National bank of Tyler, Tex., failed. DECEMBER. 1. Gage & Felton, bankers and brokers, failed in Boston.


Article from The Kimball Graphic, January 2, 1897

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A SIOUX CITY FAILURE. White & Howe Company, Shoe Dealers, Make an Assignment. Sioux City, Dec. 28. The White & Howe company, retail dealers in shoes, assigned early this morning for the benefit of its creditors. A notice to this effect was posted on the door of the company's store about 1 b'clock this morning. The failure was brought on by the fact of the bank failures both in Stoux City and Chicago. When the First National bank of this city failed the company was owing it a considerable sum. The pending reorganization of that bank made it imperative that it have this money, which the company expected to realize from other sources, but the bank failures in Chicago disappointed these hopes, and as it had paper coming due today which it could not meet, the company was constrained to assign for the benefit of its creditors without preference. The White & Howe company consists of W. L. White, president; E. C. White, secretary, and B. A. Judd, additional di. rector.


Article from The Saint Paul Globe, March 17, 1897

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NEW YORK MINING STOCKS. Bulwer 25 $(15) Mexican Cholor 90 Ontario $9.00 Crown Point 85 20 Ophir Con. Cal. & Va. 1 30 11 00 Quicksilver Deadwood 1 25 10 00 do pfd 26 25 Sierra Nevada Gould & Curry Hale & Norcross. 80 Standard 1 50 Homestake 29 00 25 Union Con Iron Silver 25 Yellow Jacket 40@45 BOSTON MINING SHARES. Allouez Min. Co. 1 18 Kearsarge Atlantic 11 213/4 Franklin Boston & Mont 1271/2 Osceola 32% 109 Butte & Boston 19½ Quincy 120 Calumet & Hecla 380 Tamarack Centennial 81 5-16 Wolverine 9½ FOREIGN FINANCIAL. NEW YORK, March 16.-Evening Post's London cablegram: The stock markets opened strong today on the decision of the French chamber to support the powers. Consols were 1123/3 buyers, but the close was 112½. The sharp reaction followed on French selling and reports that Greek troops had crossed the frontier. In asmuch as the selling of foreigners was by the Greek contingent, there may be truth in the reports. Americans were steady, but closed under the best. NEW YORK MONEY. NEW YORK, March 16.-Money on call easy at 1½2 per cent, last loan 13/4, closed 1½2@2 per cent. Prime mercantile paper, 3@ 4 per cent. Sterling exchange easy, with actual business in bankers' bills $4.87@4.871/4 for demand and $4.851/4@4.851/2 for sixty days. Posted rates. $4.86@4.86½ and $4.88@4.881/2. Commercial bills, $4.841/2. Silver certificates, 62@62%c. Bar silver, 62c. BANK RESUMES. WASHINGTON, March 16.-The First National Bank of Sioux City, Io., which suspended payment Nov. 19, 1896, having complied with all the conditions precedent to resumption, and its capital stock being now unimpaired, has been permitted to resume business. B. & O. EARNINGS. BALTIMORE, March 16.-The earnings of the B. & O. Railroad company for the month of February, 1897, were $1,725,235, an increase of $187,230 over the month of February, 1896. The increase for the eight months of the fiscal year was $1,100,476. TREASURY STATEMENT. WASHINGTON, March 16.-Today's statement of the condition of the treasury shows: Available cash balances, $213,880,870; gold, reserve, $151,148,162. BANK CLEARINGS. St. Paul-$656,897.33. Minneapolis-$850,447. Boston-Clearings, $16,723,561; balances, $1,860,008. NEW YORK-Clearings, $128,565,816; balances, $6,551,048. CHICAGO MONEY. CHICAGO, March 16.-New York exchange 50c discount. Foreign exchange firm; demand, $4.87; sixty days, $4.85%.


Article from Audubon Republican, March 18, 1897

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Sioux City Bank Resumes. ASHINGTON, March 17.-The First National bank of Sioux City, Ia., which suspended payment Nov. 19. 1896, having complied with all the conditions precedent to resumption, and its capital stock being now unimpaired, has been permitted to resumeb usiness.


Article from River Falls Journal, March 18, 1897

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LATER NEWS. The Minneapolis base ball club arrived at Hot Springs, Ark., the 15th. Thomas B. Reed was elected speaker of the house of representatives and all the officers of the 54th congress reelected. The new tariff bill prepared by the ways and means committee was presented by Chairman Dingley. Bids for revenue cutters Nos. 4 and 5 for service on the great lakes were opened at the treasury department the 15th. Thesingle bid received was from the Globe iron works of Cleveland at $198,000 each. They will probably get the contract. Fire the 15th destroyed the store and stock of the Ely Walker dry goods company at St. Louis, causing a loss of over $1,000,000. George Gatewold, a fireman, was caught by falling walls and killed. The levee on the Mississippi river, near Nodena, Ark., broke the 15th, and in a short time a large portion of the country was overflowed. Steamers were sent out at once and many flood victims rescued. A horrible accident happened to several unknown men a few miles below Vaneeburg, Ky., the 15th. They were on a family boat and were run down by a tow boat, and all were drowned. There is no means of identification. When the doors of the customs house in New York closed the 15th, there had been collected exactly $2,667,979.51 in import duties. A gun on the Russian ironclad Cessoi Veliki, at Crete, exploded the 15th, killing 14 men and an officer. The attention of the United States supreme court was given largely the 15th to the power of states to tax the franchies of corporations, such as express, telegraph and railroad companies. Two Kentucky cases, involving the constitutionality of the state law of 1892, one affecting the Henderson bridge and the other the Adams Express company, were both decided favorably to the state. The president the 16th sent the following nominations to the senate: To be ambassador extraordinary and minister plenipotentiary to Great Britain, John Hay, the District of Columbia; Horace Porter, of New York, to be ambassador to France; Henry White, of Rhode Island, to be secretary of the embassy of the United States to Great Britain. It is the general belief at Athens, Greece, that nothing can prevent war. and the government has its plan of campaign fully prepared. The cabinet had a long session the 16th, as to the attitude to be taken in face of the coercive program of Europe, and it is reported that a decision was reached to take active measures, as being the only solution possible for Greece. Nearly 2,000 homeless and halfstarved persons, rescued from the overflowed districts of eastern Arkansas, were cared for in Memphis, Tenn., the 16th. The refugees are mostly negroes and of the lower classes, who show scant appreciation of the charity extended. In the U. S. Senate the 16th 438 bills and eight joint resolutions introduced. They embrace nearly every phase of public business. Mr. Allen's batch of business numbered about 75. They include bills directing the foreclosure of the government lien on the Union Pacific railroad; to prevent professional lobbying. defining the powers of the judiciary; for service pensions, etc. Fire destroyed the residence of Wm. Spier, at Chicago, the 16th. Mr. Spier, who is an invalid, was rescued by the eighbors, and his wife and three children barely had time to escape from the building before the roof fell. Barbara Newman, a niece of Mrs. Spier, imprisoned on the top floor, was burned to a crisp. Charles Mitchell, the English pugilist, deposited $2,500 in a London bank to bind a match with John L. Sullivan. The First National bank, of Sioux City, Io., which suspended last November, has been permitted to resume. Five men were injured, two of them fatally, in a railroad accident at La Grange, Ind., the 16th. A meat train bound for Hammond, Ind., jumped the tracks on the Belt Line of the Chicago, Hammond and Western railway. The engine was ditched, two of the cars were telescoped and the remainder of the train thrown from the track. The fataily injred are; George Maxwell, fireman inhaled and severely


Article from The L'anse Sentinel, March 27, 1897

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DOMESTIC. Barney McKernan, the last survivor 11 this country who took part in the amous charge of the Light brigade at Balaklava, died at Phoenixville, Pa. The lives of hundreds of families and housands of live stock were in peril hroughout the lower Mississippi valey on the Arkansas side from the disistrous flood that was sweeping down pon them. Mount Baker, one of the loftlest peaks n the Cascade range, is in a state of eruption for the first time in years. Three negroes who murdered John Barfield and John R. Turner at Juliette, la., were lynched by a mob. The visible supply of grain in the Inited States on the 15th was: Wheat, 1,449,000 bushels: corn. 26,795,000 bushIs; oats, 13,528,000 bushels: rye, 3,616,00 bushels; barley, 3,135,000 bushels. President McKinley in his first mesage to congress declares in favor of a protective policy and says that prompt revenue legislation is the first duty of he lawmakers. The wholesale dry goods house of Ely, Walker & Co., the largest in St. Louis, was destroyed by fire, the loss being $1,000,000. and George Gutewald, a fireman. was killed and others were injured by falling walls. Seven tollgates were destroyed in Mercer county, Ky., by regulators. The jail at Dover. Tenn., was detroyed by fire and three colored prisoners were cremated. Chairman Dingley, of the ways and neans committee, says the new tariff ill is expected to increase the revenue Secretary Sherman informed the Spanish minister, Senor de Lome, that this administration will insist upon Americans in Cuba being amply proected. In South Dakota over 600 miles of road have been practically abandoned for: fully two weeks because of a snow blockapr A train was wrecked at Wolf Creek, Kan., and Engineer Nye, Fireman Connor and J. P. Meador. a passenger, were killed and six persons were injured. John Cramer, aged 16, son of Jacob Cramer, of Duryea, Pa., died of hydroohobia and his father while witnessing his son's struggles dropped dead. The Headley Grocery company (wholesale) at Springfield, Mo., failed for $100.*000 Postmaster-General Gary says that the administration has decided to adhere to the four-year-tenure-of-oflice policy for all postmasters. John O'Rourke, John Burns and Antonio Molinaskj were fatally burned by explosions of molten iron at the Emma blast furnace in Cleveland, O. For the eight months ended February 28 there has been a gain of over $132,000,000 in the amount of merchandise exported and a decrease of nearly $110,000,000 in the amount imported. The First national bank of Sioux City, Ia., which suspended payment November 19, 1896, has resumed business. The five new state senators, four republicans and one democrat, were sworn in by the Kentucky legislature, and this will insure the election of a republican United States senator. Charles Rodatinsky and his wife and baby were burned to death near Omaha, Neb., by the explosion of a gasoline stove. . The piano and organ firm of Estey & Camp, which has been in business in Chicago for 30 years, has decided to retire. Gen. James M. Warner, aged 62, a prominent resident of Albany, N. Y., and postmaster under Harrison's administration, died while attending a theater. Brodie Williams, the bigh diver, jumped from a 75-foot tower into Lake Worth at Palm Beach, Fla., struck the bottom, broke his neck and died within n. few hours. It is generally believed by cattlemen that 75 per cent. of range animals in North Dakota and Montana have sucPierre winter. the to


Article from Courier Democrat, April 1, 1897

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From Foreign Shores. Dispatches received in New York from Panama state that Gen. Antonio Ezeta is dead. In four legislative elections which took place in France, all the districts returned the Radical-Socialist candidates. The London England, city council has decided to impose a license fee of $100 on cigarette venders, in the hope of lessening the cigarette habit among the youths of the city. By far the northernmost postoffice in the world has just been ordered established by the Norwegian government on Spitzenberg island, to the north of Norway. It will be mainly for the benefit of the excursionists who find their way there at rare intervals. The Quebec government has granted $500,000 toward the erection of a bridge across the St. Lawrence river opposite Quebec. The bridge is to cost $6,000,000. The Dominion government is expected to grant at least $1,000,000 toward the structure. William Steinitz, the famous chessplayer, has been discharged from the hospital for insane patients attached to the university at Moscow, to which he was taken early in February. His discharge must mean that he is improved, if not completely cured. Prince Frederick Leopold of Prussia, who began bicycling secretly, has been forbidden to continue S0 doing by the empress, on the ground that it is not gentlemanly. Her majesty has concelved a violent dislike for bicycling, and has prevailed upon the emperor to discontinue the practice. Miscellaneous Sig. Grimaldi, the Italian statesman and ex-cabinet minister, is dead. The Pacific coast poyder war is over. An agreement has been effected between the Atlantic and Pacific coast companies. Isaac S. Dement of Chicago, champion shorthand writer, broke his previous record of 39 words by writing 402 words in one minute at Quincy, Ill. It is very probable that the North California division of the League of American Wheelmen will go out of existence. The De Leeuw & Oppenheimer Printing company in New York have assigned to Rudolph M. De Leeuw. The company was incorporated in 196, with a capital stock of $100,000. Mrs. Mollie Grady died at Knoxville, Tenn., from a peculiar trouble. She had been unconscious for ten days. One hour before her death her skull burst open. Then her feet and hands turned, reversing their natural position. On going out from a hot qitchen to hang out a washing Mrs. Leroy Shannon of Stevens Point, Wis., was taken with a severe attack of pneumonia and died within forty minutes. She was forty years of age. The attorneys for Mrs. Craven, who claims to be the contract widow of ex-Senator James G. Fair, has filed in the San Francisco superior court the original pencil deeds to property valued at $2,000,000 conveyed by Fair to Mrs. Craven. The cloth weavers employed in John and James Dobson's big mill, Philadelphia, who struck about ten days ago because of a ten per cent reduction, returned to work to-day, a satisfactory agreement haveing been reached with Mr. Dobson. The First National Bank of Sioux City, Iowa, which suspended payment Nov. 19, 1896, having complied with all the conditions precedent to resumption, and its capital stock being now unimpaired, has been permitted to resume business. The Vermont Marble company of Proctor, Vt., has brough suit against William W. Winfree and George A. Sheeban of Washington to recover $19,535, alleged to be due for material used in the amusement hall of the National Soldiers' home at the capital. Mary Anderson De Navarro has sold for about $44,000 her house at 31 West Thirty-eighth street, Ne wYork, a fourstory brownstone dwelling. The buyer is a Mrs. Prince, who will occupy the she was on the stage Mary Anderson lived there. The house is now leased. Judge Goff has appointed Z T. Vincent receiver for U. S. Buskirk, merchant and timberman of Logan, W. Va. Assets, $125,000; liabilities unknown. This is a result of the recent failure of the Sliger Lumber and Manufacturing company. The trial of twelve women and two men was begun at Hold Mezo-Vasarhely, on Lake Hodos, Hungary. The prisoners are charged with poisoning their husbands or others of their relatives in oredr to obtain insurance money. Some of the prisoners are accused of four or five murders. It is reported that Sir William Van Horne. president of the Canadian Pacific railroad, and Mr. Angus, president of the Bank of Montreal, have become associated with Gen. R. A. Alger of Detroit, secretary of war, in operating the Leurentide Pulp company of Grand Mere, Que. Secretary W. G. Preutt of the board of Montana stock commissioners, says: "The stock on the ranges has had a remarkably hard time the whole winter. In the extreme northern part of the state it has not been above zero for weeks, and stock was in poor condition when this began."