Article Text
Savings Bank Suspends Sioux City, March 17-The Home City savings bank of Sioux City closed its doors this morning and a receiver has been appointed for it. As a result about $100,000 in school funds is tied up.
3772. Home Savings Bank (Sioux City, IA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- savings bank
- Start Date
- March 17, 1898
- Location
- Sioux City, Iowa (42.500, -96.400)
Metadata
- Model
- gpt-5-mini
- Short Digest
7e226cb4
Response Measures
None
Description
Multiple contemporary newspaper reports (March 16–18, 1898) state the Home Savings Bank of Sioux City closed its doors and a receiver was appointed. Articles give assets (~$100,000) and liabilities (~$60,000–80,000) and note $50,000 of school funds tied up. No article describes a depositor run; failure appears to be a suspension followed by receivership/closure. I infer 'state' for bank_type because it is a savings bank (state-chartered likely).
Events (1)
1.
March 17, 1898
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Institution closed and placed in hands of a receiver; reports list assets about $100,000 and liabilities $60,000–80,000, with $50,000 school funds tied up — indicating bank insolvency/financial trouble rather than a rumor-driven run.
- Newspaper Excerpt
- The Home Savings bank of Sioux City closed its doors this morning and a receiver has been appointed for it.
- Source
- newspapers
Newspaper Articles (23)
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Sioux City Bank Closer. Sioux City, March 17-The Home Sav in is bank closed its doors yesterday af ternoon and later a receiver was ap pointed.
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Two Banks Closed. ERIE, Pa., March 16.-The Benson Bank, established by the late Judge William Benson, of Waterford, did not open for business this morning, and ng line of debuilding. No positors gathered around statement of assets and i ties, but beebt. A comlieved assets will equal t. mittee was selected to auc accounts. SIOUX CITY, Ia., March 16.-The Home Savings Bank, a small institution, closed its doors this afternoon and is now in the hands of a receiver appointed on application of the bank officials. No other institution or bank is in any way affected. Assets estimated at $100,000, with liabilities of $60,000, of which $50,000 are school funds.
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BRIEFS. TELEGRAPHIC The pioneer fruit firm of Luke G. Sresovich, San Francisco, has suspended, owing to financial difficulties. The National City bank, New York. an1 nounces $200,000 and the Guaranty Trust company $250,000 more gold for import. J. G. Schriever, traffic manager of the Atlantic system of the Southern Pacific railroad, died in New York yesterday. At Port Deposit. Md., Jacob Tome, the millionaire philantrophist and founder of the "Jacob Tome institute," died there of pneumonia. Between 7,000 and 8,000 people crowded in Madison Square garden last night, at New York, to witness the contests of the military tournament. Senor Sandoval, the Spanish agent in Berlin, is negotiating for the purchase of old and slow steamers of the North German Lloyd Steamship company. The Benson bank founded by the late Judge William Benson of Waterford, suspended today at Erie, Pa. No statement of assets and liabilities is made. At Half Moon Bay, Cal., the wrecked s ship New York is rapidly sinking in her bed of sand. and in a few days more she will probably be entirely covered. At Sioux City, Ia., the Home Savings bank closed its doors. The assets are said to be $100,000 and the liabilities $60,000, of which $50,000 are school funds. In the Canadian house of commons the Canadian Yukon railway bill was read a third time and sent to the senate, where many believe it will meet its death blow. General Elanco gave a banquet at the palace to the officers of the Vizcaya and the Almirante Oquendo. The high officials of the autonomous government were present. A basket filled with the best trained carrier pigeons from the training station at Newport. R. I., has been shipped to League Island for use on board the cruisers Minneapolis and Columbia. In a day or two the California Jockey club will purchase the Oakland race track. Nearly all the details have been arranged for the transfer of the property. The price to be paid is about $125,000. The American line steamer St. Louis sailed for Southampton yesterday. The board for the inspection of auxiliary cruisers decided that they would not require the steamer for armament at present. At Skaguay last Saturday night the committee of 101 waited on "Soapy" Smith and ordered him to leave town within 24 hours. He was still there when the City of Seattle left Sunday forenoon. Consul General Lee, Captain Sigsbee and the correspondents will be photographed in a group today on board the United States cruiser Montgomery, by the courtesy of Captain Converse, the commander of that vessel, who will also be in the picture. Reports from all sections of California show that the crop conditions throughout the state are critical. A heavy rain within the next few days would save the grain on-thousands of acres of wheat and barley and insure good crops in many places where otherwise there will be scant harvests. M. Shirasha of Japan left San Francisco on his way to England to inspect three large steamers now being completed for the steamship company known as the Toyo Kisen Kaisha. They will run in connection with vessels of the Pacific Mail and Occidental and Oriental companies, these companies having signed a compact for a joint service across the Pacific.
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TWO BANKS CLOSE. One at Sioux City Carried $50,000 of the School Fund. Sioux City, Ia., March 17.-The Home Savings bank has closed its doors. The assets are said to be $100,000 and the liabilities $60,000, of which $50,000 are school funds. Erie, Pa., March 17.-The Benson bank, founded by the late Judge William Benson, of Waterford, has suspended. No statements of assets and liabilities is made.
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An Iowa Bank in Trouble. Sioux City, Iowa, March 7.-The Home Savings Bank of Sioux City, closed its doors yesterday afterneon and later on a receiver was appointed for the institution. The assets are given as $100,000 with total llabilities of $65,000. The receiver says that from what he has seen of the condition of the institution it will pay fully in a short time.
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Iowa Savings Bank Fails. SIOUX CITY, Iowa, March 17.-The Home Savings bank, a small institution, closed its doors yesterday and is now in the hands of a receiver. Assets are placed at $100,000, with liabilities of $80,000, of which $50,000 are school funds.
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Small Sioux City Bank Fa 1s. SIOUX CITY, Ia., March 18.-The Home Savings bank, a small institution, closed its doors during the afternoon and is now in the hands of a receiver appointed on application of the bank officials. Assets are placed at $100,000, with liabilities of $60,000.
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THE NEWS IN BRIEF. Miss Lucy C. Benedict, a pioneer newspaper woman of New York, and for the last eleven years an able editress of the American Press association, died at New York. She was born in Marietta, O. By a vote of 184 to 116 the house of commons rejected a bill providing for the establishment of a court of criminal appeal. Fire destroyed nearly 4,000,000 feet of lumber in Kennedy's lumber yard at Rib Lake, near Medford, Wis. James Doughty has been appointed receiver of the Home Savings bank of Sioux City, Ia. There exists some uneasiness among the bank officials, caused by the withdrawal of $50,000 school funds. In convention at Atlanta the Populists of Georgia norginated a full state ticket, headed by Thomas E. Watson for governor. The Benson bank, established by the late Judge Will a Benson of Waterford, Pa., has suspended business. It is believed the assets will equal the debts. It is officially announced that the April coupon on Spanish government 4 per cents will be paid. Governor Bradley of Kentucky has vetoed the Tracy bicycle bill compelling railroad companies to carry bicycles as baggage. Mrs. Henry Clay Barnabee, wife of the leading comedian of the Bostonians, has a tablecloth that is completely covered with autographs of noteworthy persons. Mrs. Gertie Musch drowned herself in a well near her home at Chicago. The woman is said to have been mentally unbalanced. The newspaper Italie of Rome says that a confidential official at the Vatican has decamped with 1,500,000 lire ($300,000.) M. Zola is to be subjected to a new trial. The Touring club, which is the general French cycling club, is about to consider the question of removing his name from the list of its honorary members.
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LATER. A joint resolution in favor of the annexation of Hawaii was reported to the United States senate on the 16th. T.V. Powderly was confirmed as commis sioner of immigration. In the house Mr. McCleary presented a protest from the people of Minnesota against unrestricted Immigration. The Cuban question and Hawaiian annexation were dis. cussed. In Mount Pleasant, Mich., the Peo ple's savings bank safety vault was robbed of $3,000. The funeral of Maj. Gen. W.S. Roseclans took place in Los Angeles, Cal., and all business was suspended during the ceremony. In convention at Providence, R.I., the republicans renominated Elisha Dyer for governor. The heaviest frost of the season occurred in California, doing serious damage to the fruit crop. The populist state convention at Atlanta, Ga., nominated Thomas E. Watson for governor. The Spanish fishing smack Carmen was seized at Punta Gorda, Fla., by United States officials for violation of the navigation laws. Five persons committed suicide in St. Louis on the same day. The Home savings bank closed its doors in Sioux City, Ia., with liabilities of $60,000. Fire destroyed nearly 4,000,000 feet of lumber in Kennedy's lumber yard at Rib Lake, Wis. The cruiser Montgomery has been withdrawn from Havana and will join the fleet of warships near Key West. The board of inquiry into the Maine disaster has given out no intimation when its report will be ready. The chief of Merere, with 80,000 followers, has rebelled against German rule in Uheheland, Africa. George H. Leonard, city marshal of Cameron, Mo., was murdered by a negro burglar. The United States navy will not be withdrawn from the Key West station at the suggestion of Spain. The Benson savings bank in Waterford, Pa., closed its doors with liabilities of $40,000. Fire destroyed the Ayer building in Chicago, occupied by piano firms, the Presbyterian Publication society and other industries, causing a loss of over $500,000, and six persons are known to have lost their lives in the flames, 17 others were missing and 34 were injured, some probably fatally.
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WEST AND SOUTH. The Press association in Arizona has unanimously adopted a resolution in favor of the recognition of the belligerency of Cuba by the United States government. In Chicago fire destroyed the Ayer building, occupied by piano firms, the Presbyterian Publication society and other industries, causing a loss of over $500,000, and six persons are known to have lost their lives in the flames, 17 others were missing and 34 were injured, some probably fatally. The People's savings bank safety vault in Mount Pleasant, Mich., was robbed of $3,000. Maj. Gen. W. S. Rosecrans' funeral took place in Los Angeles, Cal., and all business was suspended during the ceremony. In southern California the heaviest frost of the season occurred, doing serious damage to the fruit crop. In convention at Atlanta, Ga., the populists nominated Thomas E. Watson for governor. United States officials seized the Spanish fishing smack Carmen at Punta Gorda, Fla., for violation of the navigation laws. In St. Louis five persons committed suicide on the same day. In Sioux City, Ia., the Home savings bank closed its doors with liabilities of $60,000. Flames destroyed nearly 4,000,000 feet of lumber in Kennedy's lumber yard at Rib Lake, Wis. The United States cruiser Montgomery has been withdrawn from Havana and has joined the fleet of warships near Key West. A negro burglar murdered George H. Leonard, city marshal of Cameron, Mo. At Anderson, Ind., James Harrington shot his wife dead and then killed himself. No cause was known for the deed. A mob at Marcella, Ark., lynched a negro boy accused of stealing $20. At Mendon, Mich., Elizabeth Babcock died, aged 100 years and 3 months. Fire wiped out one-half of the business portion of Perry, III. At his home in Chicago Adam Adamcek celebrated his one hundred and fifteenth birthday. At Cleveland. O., John J. Shipherd was indicted on the charge of embezzling $150,000 belonging to the Fort Wayne (Ind.) Street Railway company.
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Savings Bank Closed. The Home savings bank, of Sioux City, has closed its doors, and a receiver has been appointed. The assets of the bank are given at $100,000, with total liabilities of $65,000. The worst feature of the suspension is the fact that it has the money of the school district of Sioux City on deposit. The amount is $50,000, all of the available cash of the district.
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FINANCE AND TRADE. Heavy frosts have done much damage to fruit in California. The Almeda is on her way from Australia with $3,500,000 in gold. The steamship Etruria from New York for Europe took out 542,000 ounces of silver. The Home Savings bank of Sioux City has assigned. Assets are placed at $100,000; liabilities, $60,000. The Mantascheff (Russia) petroleum business, valued at $17,500,000, has been purchased by an Englishman. John Lambert of Joliet, Ills., president of the Consolidated Steel and Wire company, has been elected president of the new nail and wire combination.
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BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 21-National, Paola, Kan., suspended. 1-First - national, Larimore, N. D., $71,754. Feb. -Bank of Southern Baltimore, $170,000. Mar. 6-Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25 Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7--Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13--Tioga national, of Oswego, N. Y., closed. 19 -First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000 closed; resumed on Nov. 15. 20-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., susspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30 Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.
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HAPPENINGS OF 1898. A Chronological Array of the Most Prominent Events. STORY OF SPANISH-AMERICAN WAR. Brief Mention of Financial Failures, Startling Catastrophes and Crimes-Necrology of Year - Politics and Sport. BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 24-National, Paola, Kan., suspended. 81-First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16-Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul.20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia., $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N.Y., closed. 19-First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabilities, $7,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. President suicides an hour later. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.
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BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. - First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16- Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, la. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, III. $150,000. 7-Fillmore county, Preston, Minn., $156,000 Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forgo, Va., liabilities, $50,000. Oct. 4 --Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., Habil German national of Fitts ties $103,000 burgh, Pain liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29 -Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., sus pends, 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., clease doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation.
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BANK FAILURES. Jan. 17-State, Elmwood, III $60,000. 24-National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 21-Bank of Southern Baltimore, $170. 000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia. $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. -Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150, 000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich, $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing_2., suspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Teledo O., goesinto voluntary liquidation.
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BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. -First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170.000. Mar. 16-Home savings, 8 Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29- l'homas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la. $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, III., $150,000. Fillmore county, Preston, Minn., $150,000. Sep. It-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4 -Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29 Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation.
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BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24 -National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170, 000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. .20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, 1a., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (sus pended) Aug. 11-Bank of Waverly, III., $150,000. 27 -Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Aia., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., lia bilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon. O., capital 350,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, 0, goes into liquidation. Nov. 5-First national, of Flushing., O., suy. pends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doora with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.
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BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24 National, Paola, Kan. suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170, 000 Mar 16-Home savings, Sioux City, Ia., $00,000 Benson savings, Waterford, Pa., $40,000. 21-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guaranters' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan, $283,000. 0-Commercial state, Marshalltown, Ia. 2--German savings, Doon, 1a., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (suspended). Aug II-Bank of Waverly, III $150,000. 27- - Fillmore county. Preston, Minn, $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich. $100,000. 15-Jasper. Ala., bank, $65,000. 26- Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswege. N. Y., closed. 19 First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabiliteis, $2,000,000. 21 - First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29- Second national, of Springfield, O., goes into liquidation. Nov. 5 First national, of Flushing., o., suapends 16 First national, of Emporia, Kan., closed. 28. Bank of Hornersville. N. Y., closes doors with liabilities of $75,000. 30 Second national, of Toledo, O., goes into voluntary liquidation.
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HAPPENINGS OF 1898. A Chronological Array of the Most Prominent Events. STORY OF SPANISH-AMERICAN WAR. Brief Mention of Financial Failures, Startling Oatastrophes and Crimes-Necrology of Year - Politics and Sport. / BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. 31-First - national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16 Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul.20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended). -Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabilities, $7,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 10-First national, of Emporia, Kan., closed. President suicides an hour later. 2S-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. S-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.
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Dividend on Defunct Bank. SIOUX CITY, Ia., May 12.-(Special.)-A dividend of 20 per cent has been declared by the receiver of the defunct Sioux City Savings bank. This means a distribution of over $23,000 among the depositors, and this is a total of 50 per cent they have received of the money that they had in the bank at the time of its failure in the fall of 1896. The receiver of the Home Savings bank is also engaged in paying out $10,000, or a dividend of 15 per cent, to the depositors of this bank. This is the first money they have had.
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IOWA NEWS. There are now 150 men employed in the boat yards at Dubuque. Mrs. Peter Sanders of Webster City is insane from injuries received by falling through an open cellar door. There are four suits against Mason City, aggregating $5,500, for damages sustained from defective sidewalks. The Humane society at Sioux City has taken up the plea of the shop girls for seats as provided for by the statute. The board of directors of Vernon township, Humboldt county, will build cyclone caves at seven different school houses in the township. Mrs. Kate Whitmire of Clarion has been awarded a verdict of $2,000 damages against A. C. Smith. a druggist of Eagle Grove, 10r selling whisky to her husband. Mrs. Alice Baskerville hung herself at the home of her parents at Iowa Falls. She was 35 years old. She leaves a husband and several small children. She was insane. Capitalist L. L. Estes was stricken in the directors' room of the First National bank of Webster City with presumed apoplexy, his head striking the iron vault and cutting a great gash which may cause his death. The police were astonished to find William Lohner dead in the padded cell at Toledo. Lohner was unruly and was confined to the cell, and his death occurred during the night. He was well known about the city. Will A. Galvey, a printer who has been well known for the past thirty years, came to Webster City the other day and surprised the old printers who had known him all over the west as a confirmed drunkard. He has not taken a drop for years, having been stopped by a cure. and is now occupying a good situation in a printing office at Spirit Lake. A transaction has been completed whereby Messrs. Campbell & Son of Lincoln, Neb., will obtain possession of the old site of the Atlantic roller mills, and upon which they will build a new flour mill with a capacity of seventy-five barrels per day. They also intend to build a new elevator with a capacity 01 20,000 bushels. The buildings will cost at the least about $10,000. The Onawa Gun club will hold its second annual tournament on May 16 and 17. This tournament will be held as an amateur shoot, all professionals being barred. There will be ten events each day, besides a cup special on the closing day. Billy Townsend of Omaha, who carried off the cup last year, writes Secretary Oliver that he will bring up a fast squadron from the Dupont Gun club. C. A. Walsh, secretary of the democratic national committee, arrived home at Ottumwa last week from the Klondike, where he has been the past eighteen months. He laughs at the story that he cleared $50 000 to $100.000, but admits that he has a valuable claim. He will return to Dawson City in June for a short stay. Mr. Walsh still owns the Klondike Advertiser. A Ute dispatch says: Death yesterday claimed two more victims of last week's cyclone. Peter Pederson. aged 70, died last night and Arnt Admunson, aged 52. uied yesterday morning. Mr. Federson's death had been expected for some days, but it was thought that Mr. Admunson would recover. The others who were injured in the storm are out of danger. W. E. Cody, receiver of the Home Savings bank of S.oux City, has declared a dividend of 15 per cent in favor of all depositors. This gives Sioux City school district $1.00 on its deposit of $50,000. The bank failed in the winter of 1898, for some $70,000. most of the deposits being school teachers' and working people's. It is not thought very much more can be obtained from the assets. Tom Durkin, aged 15, was shot at Mason City by Mrs. Ford. The woman met the boy on the outskirts of the city and accused him of improper proposals to her daughter. Tom denied the accusation and a heated controversey arose. Finally Mrs. Ford pulled a revolver from her waist and aimed it at the boy telling him to "git." He had taken but a few steps when she fired, the ball striking his back. The wound is probably fatal. Minard A. Forsythe, a resident of Cedar Rapids, and for many years a michinist in the shops of the Burlington, Cedar Rapids & Northern of that city, attempted to commit suicide at Newburg by cutting his throat with a razor. Forsythe came to Newburg a few days ago and had been acting strangely during his stay. Folks who saw him thought he was bordering on insanity and many were afraid of him. At the time he committed the deed he was in the midst of an attack of insanity. Auditor Merriam recently asked the attorney general whether the amendments to section 1346 of the code, increasing the tax upon express companies, took effect after July 4. 1898, and companies should therefore be taxed 1 per cent from March 1, 1898, to July 1898 and at 2 per cent from