3792. Union Stock Yards Bank (Sioux City, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 10, 1893
Location
Sioux City, Iowa (42.500, -96.400)

Metadata

Model
gpt-5-mini
Short Digest
065ac42b

Response Measures

None

Description

The bank filed an assignment/failed on June 10, 1893 and was placed in the hands of an assignee; later a receiver (E. C. Tompkins) was appointed. There is no mention of a depositor run in the articles; failure is attributed to 'loose methods' (bank-specific adverse information).

Events (3)
1. June 10, 1893 Other
Newspaper Excerpt
The assets are placed at $428,667, and the liabilities at $163,140. The bank was capitalized for $300,000. The clearing house committee says that the failure IS due to loose methods of carrying on business, and that it will not affect anybody else in the city. The depositors will be paid in full.
Source
newspapers
2. June 10, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Clearing house committee attributed the failure to 'loose methods of carrying on business'; bank filed an assignment (effectively suspended/failed).
Newspaper Excerpt
SIOUX CITY, Ia., June 10.-The Union Stock Yards bank, E. W. Sterry, president, and C. C. Pierce, cashier, filed an assignment today, naming Howard G. Pierce as assignee.
Source
newspapers
3. July 6, 1893 Receivership
Newspaper Excerpt
E. C. Tompkins has been appointed receiver of the defunct Union Stock Yards Bank, of Sioux City, Ia.
Source
newspapers

Newspaper Articles (7)
1. June 11, 1893 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, June 11, 1893

Click image to open full size in new tab

Article Text

FAILURES. HUTCHINSON, Kau., June 10.-T. J. Templer, president of the Kansas Grain company, which suspended in the early part of the week, has received a telegram from the Kausas City office, to come there at once for the purpose of making a reorgan ization of the company. All the creditors have been secured, to the latter's satisfacfaction. At a meeting held in this city Mr. Templer received substantial assurances from his friends that will form the foundation for a new company to resume the operation of his extensive system of elevators. CINCINNATI, June 10.-The Citizens NAtional bank of Hillsboro, O., was closed today by the comptroller and placed in the bands of an examiner. C. M. Overman, a cousin of Governor Foraker's, is president. The bank did a comparatively small basiness. NEW YORK, June 10.-Koenig, Doerflinger & Co., dealers in diamonds and precious stones, assigned today, with preferences of $10,000. MISSOULA, Mont., June 10.-C. P. Hig gins' Western bank has suspended, and will go into liquidation. The assets largely exceed the liabilities. After they have been realized upon business will be resumed. The bank was a private coacern. NEW YORK, June 10.-F. A. Phillips announced his failure at the Consolidated exchange this morning. SIOUX CITY, Ia., Jane 10.-The Union Stock Yards bank, E. W. Sterry, president, and C. C. Pierce, cashier, filed an assignment today, naming Howard G. Pierce as assignee. The assets are placed at $428,667, and the liabilities at $163,140. The bank was capitalized for $300,000. The clearing house committee says that the failure IS due to loose methods of carrying on business, and that it will not affect anybody else in the city. The depositors will be paid in full. TOLEDO, O., June 10.-The A. L. Backus and Sons' company, one of the best-known and thought to be one of the most flourishing grain firms in northern Ohio, have made a voluntary assignment for the benefit of their creditors. Alexander Backus, son of the president, is named as assignee. The liabilities are $300,000. The assets are not known, though It is claimed that they will be sufficient to meet the iudebtedness. The company is a stock concern, capitalized at $100,000. The embarrassment was caused by the depression in the money market and by suits commenced some time ago against eleven different firms charged with boycotting the Backus company. CORVALLIS, Or., June 10.-The private bank of Hamilton, Job & Co., has failed. A statement on the door reads: "Compelled to suspend for want of cash." The assets are sufficient to pay the depositors in full as soon as they can be realized upon. There has been A steady withdrawal of money on account of the prevailing financial stringency. The assets are $255,000 and the liabilities $205,000. There is but little excitement. MINNEAPOLIS, Minn., June 10.-The statement of toe assets and liabilities of the Northwestern Guaranty Loan company, filed this afternoon, shows assets of $5,262,514 and liabilities of $3,145,722.

2. June 14, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, June 14, 1893

Click image to open full size in new tab

Article Text

Brule County Bank Suspends. CHA MBERLAIN, S. D., June 13.-The Brule County bank today closed its doors owing to the failure of the Union Stock Yards bank at Sioux City.

3. July 6, 1893 Reporter and Farmer Webster, SD
Article from Reporter and Farmer, July 6, 1893

Click image to open full size in new tab

Article Text

GENERAL. Chicago claims a population of 2,160,000, or 400,000 more than New York. Over seven hundred students graduate at Yale and Harvard. Fifty dogs died of poison in Greensburg, Ind., in one day. Lane Seminary may be abandoned as a result of the trouble with the Presbyterian Assembly. E. C. Tompkins has been appointed receiver of the defunct Union Stock Yards Bank, of Sioux City, Ia. The excessive decline in silver will probably cause a large number of mines to be closed. Herrman, the magician. testifies in court that he is penniless. His wife owns considerable property. however. The Scloto mound near Portsmouth, Ohio, is opened and found to contain skeletons and relics of great age. President Oakes, of the Northern Pacific, denies that he has been offered the presidency of the "Q." The Western Association of Writers is in annual session at Warsaw, Ind., with an attendance of 200. The Braddock wire mills at Rankin, Pa., have been shut down and 700 men are out of work. Knobnoster, Mo., citizens have formed a company to search for $1,500,000 in gold believed to have been burled there by Spaniards years ago. A resolution to boycott the World's Fair was rejected by the National Union of Christian Endeavor societies, in convention at Tiffin, Ohio. The Snyder Stone and Lime Company at Mauston, Col., assigned with assets of $106,760 and liabilities of $34,893. Miss Bertha Burnham, of Deerfield, Mich., aged eighteen, is dying of hydrophobia. Two months ago she was bitten in the hand by a stray pug dog. Wiliam R. Laidlaw, who says Russell Sage used him as a buffer when Dynamiter Norcross dropped his bomb in the millionaire's office, is again confined to his home in New York by the breaking out of his wounds. Miss Bertha Burnham, the young lady of Deerfield, Mich., attacked with hydrophobia, is dead. She had attempted several weeks ago to pet a stray pug dog, which bit her and disappeared. Another army officer has gone wrong. Col. Townsend of the Fort Leavenworth Military School has reported the disappearance of Lieut. Warren B. Fox, Tenth Infantry, leaving many creditors. The Board of Regents at Ann Arbor by unanimous vote refused to sustain the charges filed against Dr. H. L. Obetz, dean of the homeopathie faculty by three of his colleagues and the State Homeopathic Society.

4. July 6, 1893 Eagle River Review Eagle River, WI
Article from Eagle River Review, July 6, 1893

Click image to open full size in new tab

Article Text

J. H. MANNING was defeated in his suit for possession of the Albany Argus. MRS. MARY S. SICKLES, stepmother of Gen. Daniel E. Sickles, died at New Rochelle. She was 62 years old. To end a dispute over a trivial matter at Ottawa, O., Jacob L. Lvons shot and killed his wife and committed spicide. THE wages of the St. Paul firemen will be reduced owing to the shortage in department funds, and the members of the department threaten to strike. S. H. CHAPMAN, of Philadelphia, bought the original half-die from which the Confederacy struck its half dollars, for $31. at the Herman sale in New York. DAVID PRICE, of Bond County. stabbed and killed Robert Reed, formerly of Atlanta, Ga., at East Alton, Ill. Price confessed the deed, saying that Reed aggravated him. JULIA FORCE was acquitted at Atlanta, Ga., on the charge of murdering her two sisters on a plea of insanity. She will be sent at once to the State Lunatic Asylum at Milledgeville. THE negroes, Dan Barber and William Pinkney, who were convicted of murdering Mr. Bowie a few weeks ago, will be hanged soon at Upper Marlboro, Md. Pinkney has made a confession. A HAIL STORM in the vicinity of Ellendale, N. D., did severe damage to crops. LANE SEMINARY may be abandoned as a result of the trouble with the Presbyterian Assembly. THE Chinese legation will probably be turned over to the new minister about the last of July. THE Western Association of Writers is in annual session at Warsaw, Ind., with an attendance of 200. THE Alliance has arrived at Callao, where it was ordered when trouble was threatened in that country. E. C. TOMPKINS has been appointed receiver of the defunct Union Stock Yards Bank, of Sioux City, Ia. Six men were killed and seven others terribly burned by an explosion in an iron works at Magisburg, Saxony. THE resignation of James R. Obeirne, assistant commissioner of emigration at New York, has been called for. JOSEPH LONEY, a contractor, was run over by a construction engine on an electric railway at Milan, O., and killed. THE Snyder Stone and Lime Company at Mauston, Col., assigned with assets of $106,760 and liabilities of $34,893.

5. July 6, 1893 Courier Democrat Langdon, ND
Article from Courier Democrat, July 6, 1893

Click image to open full size in new tab

Article Text

GENERAL Chicago claims a population of 2,160.000. or 400.000 more than New York. Over seven hundred students graduate at Yale and Harvard. Fifty dogs died of poison in Greensburg. Ind.. in one day. Lane Seminary may be abandoned as a result of the trouble with the Presbyterian Assembly. E. C. Tompkins has been appointed receiver of the defunet Union Stock Yards Bank. of Sioux City. Ia. The excessive decline in silver will probably cause it large number of mines to be closed. Herrman, the magician. testifies in court that be is penniless. His wife owns considerable property. however. The Scioto !nound near Portsmouth. Ohio. is opened and found to contain skeletons and relies of great age. President Oakes. of the Northern Pacitic. denies that he has been offered the presidency of the "Q." The Western Association of Writers is in annual session at Warsaw. Ind., with an attendance of 200. The Braddock wire mills at Rankin, Pa., have been shut down and 700 men are out of work. Knobnoster. Mo.. citizens have formed a company to search for $1,500.000 in gold believed to have been buried there by Spaniards years ago. A resolution to boycott the World's Fáir was rejected by the National Union of Christian Endeavor societies, in convention at Tiffin. Ohio. The Snyder Stone and Lime Company at Mauston. Col.. assigned with assets of $106,760 and liabilities of $34,893. Miss Bertha Burnham, of Deerfield, Mich. aged eighteen. is dying of hydrophobia. Two months ago she was bitten in the hand by a stray pug dog. Wiliam R. Laidlaw. who says Russell Sage used him as a buffer when Dynamiter Norcross dropped his bomb in the millionaire's office. is again confined to his home in New York by the breaking out of his wounds. Miss Bertha Burnham. the young lady of Deerfield. Mich.. attacked with hydrophobia. is dead. She had attempted several weeks ago to pet a stray pug dog. which bit her and disappeared. Another army officer has gone wrong. Col. Townsend of the Fort Leavenworth Military School has reported the disappearance of Lieut. Warren B. Fox. Tenth Infantry. leaving many creditors, The Board of Regents at Ann Arbor by unanimous vote refused to sustain the charges filed against Dr. H. L. Obetz. denn of the homeopathic faculty by three of his colleagues and the State Homeopathic Society.

6. July 8, 1893 The Dickinson Press Dickinson, ND
Article from The Dickinson Press, July 8, 1893

Click image to open full size in new tab

Article Text

Chicago claims a population of 2,160.000, or 400,000 more than New York. Over seven hundred students graduate at Yale and Harvard. Fifty dogs died of poison in Greensburg. Ind.. in one day. Lane Seminary may be abandoned as a result of the trouble with the Presbyterian Assembly. E C. Tompkins has been appointed receiver of the defunet Union Stock Yards Bank, of Sioux City, la. The excessive decline in silver will probably cause a large number of mines to be closed. Herrman, the magician. testifies in court that ! is penniless. llis wife owns considerable property. however The Seioto mound near Portsmouth. Ohio, is opened and found to contain skeletons and relies of great age. President Oakes, of the Northern Pacitic, denies that he has been offered the presidency of the "Q." The Western Association of Writers is in annual session at Warsaw, Ind., with an attendance of 200. The Braddock wire mills at Rankin, Pa., have been shut down and 700 men are out of work. Knobnoster. Mo., citizens have form ed a company to search for $1,500.000 in gold believed ty have been buried there by Spaniards years ago. A resolution to boycott the World's Fair was rejected by the National Un ion of Christian Endeavor societies, in convention at Titlin, Ohio. The Snyder Stone and Lime Company at Mauston. Col., assigned with assets of $106,760 and liabilities of $34,833. Miss Bertha Burnham, of Deerfield, Mich. aged eighteen. is dying of hydrophobia. Two months ago she was bitten in the hand by a stray pug dog. Wiliam R. Laidlaw. who says Russell Sage used him as it buffer when Dynamiter Norcross dropped his bomb in the millionaire's office. is again confined to his home in New York by the breaking out of his wounds. Miss Bertha Burnham. the young lady of Deerfield, Mich., attacked with hydrophobia, is dead. She had attempted several weeks ago to pet a stray pug dog, which bit her and disappeared. Another army officer has gone wrong. Col. Townsend of the Fort Leavenworth Military School has reported the disappearance of Lieut. Warren B. Fox. Tenth Infantry, leaving many creditors. The Board of Regents at Ann Arbor by unanimous vote refused to sustain the charges filed against Dr. II. L. Obetz. dean of the homeopathic faculty by three of his colleagues and the State Homeonathic Society

7. July 8, 1893 The Washburn Leader Washburn, ND
Article from The Washburn Leader, July 8, 1893

Click image to open full size in new tab

Article Text

GENERAL. Chicago claims a population of 2,160,000, or 400,000 more than New York. Over seven hundred students graduate at Yale and Harvard. Fifty dogs died of poison in Greensburg, Ind., in one day. Lane Seminary may be abandoned as a result of the trouble with the Presbyterian Assembly. E C. Tompkins has been appointed receiver of the defunct Union Stock Yards Bank, of Sioux City, Ia. The excessive decline in silver will probably cause a large number of mines to be closed. Herrman, the magician, testifies in court' that ,he is penniless. HIs wife owns considerable property. however. The Scioto mound near Portsmouth, Ohio, is opened and found to contain skeletons and relics of great age. President Oakes, of the Northern Pacitic, denies that he has been offered the presidency of the "Q." The Western Association of Writers is in annual session at Warsaw, Ind., with an attendance of 200: The Braddock wire mills at Rankin, Pa., have been shut down and 700 men are out of work. Knobnoster, Mo., citizens have formed a company to search for $1,500,000 in gold believed to have been buried there by Spaniards years ago: A resolution to boycott the World's Fair was rejected by the National Union of Christian Endeavor societies, in convention at Tiffin, Ohio. The Snyder Stone and Lime Campany at Mauston, Col., assigned with assets of $106,760 and liabilities of $34,893. Miss Bertha Burnham, of Deerfield, Mich., aged eighteen, is dying of hydrophobia. Two months ago-she was bit-> ten in the hand by a stray pug dog. William R. Laidlaw, who says Russell Sage used him as a buffer when Dynamiter Norcross dropped his bomb in the millionaire's office; is again confined to his home in New York by the breaking out of his wounds. Miss Bertha Burnham, the . young lady of Deerfield, Mich., attacked with hydrophobia, is dead. She had attempted several weeks ago to pet a stray pug dog, which bit her and disappeared. Another army officer has gone wrong. Col. Townsend of the Fort Leavenworth Military School has reported the disappearance of Lieut. Warren B. Fox, Tenth Infantry, leaving many creditors. The Board of Regents nt Ann Arbor by unanlinous vote refused to sustali the charges filed against Dr. H. E. Obetz, dean of the homeopathic faculty by three of his colleagues and the State Homeopathic Society.