3797. Union Trust Company (Sioux City, IA)

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: June 28, 1893
Location: Sioux City, Iowa (42.500, -96.400)

Metadata

Model: gpt-5-mini
Short Digest: b9c409ec

Response Measures

None

Description

Multiple contemporary articles (late June 1893) report the Union Trust Company of Sioux City as having failed/suspended with a receiver sought. Subsequent articles (Aug–Sep 1893) report E. M. Donaldson (president/secretary) fled and is alleged to have embezzled large sums; receivers and attachments were applied. No newspaper describes a depositor run prior to suspension; insolvency/embezzlement is the proximate cause. Dates primarily from June 28–29, 1893.

Events (2)

1. June 28, 1893 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Announced failure/insolvency tied to management malfeasance; later reporting alleges E. M. Donaldson misappropriated funds (large defalcation) leading to suspension.
Newspaper Excerpt: SIOUX CITY, June 28.-The failure of the Union Trust Company was announced to-day. The liabilities are $350,000 and assets $450,000.
Source: newspapers

2. June 29, 1893 Receivership

Newspaper Excerpt: SIOUX CITY, Ia., June 29. -The failure of the Union Trust Company was announced to-day by E. M. Donaldson, its secretary, who filed a petition for a receiver. The statement shows liabilities of $330,000 and assets $450,000.
Source: newspapers

Newspaper Articles (19)

1. June 29, 1893 The Morning Call San Francisco, CA

Article from The Morning Call, June 29, 1893

Click image to open full size in new tab

Article Text

LOOKS MUCH BETTER There Is an Easier Feeling Manifested in Wall Street. Nevertheless the Depression Is Such That Many Mercantile Concerns Have Gone Under. Special to THE MORNING CALL. NEW YORK, June 28.-Bankers reported an easier condition in the money market this morning. There were no extraordinary shipments, and the only thing which was noticed out of the ordinary was the large number of demands for rediscounts from all over the country. The Clearing-house loan committee issued $1,330,000 of certificates, making the total amount issued $6,360,000. The subtreasury transferred $115,000 to San Francisco by telegraph in return for gold deposited. The free gold in the treasury to-day is just $96,000,000. There is much talk in Wail street as to the reasons which have prevented the President calling Congress together immediately. An intimate friend of the Secretary of the Treasury, in conversation with a reporter, said that according to Carlisle a canvass of the members of Congress two months ago on behalf of Cleveland resulted in learning that there was a majority in the House in favor of the repeal of the Sherman law, but in the Senate there was a majority of twenty the other way. It was believed, however, that enough Senators, eleven at least, could be converted before September so as to enable the repeal of the measure to pass the upper House. C. P. Huntington said this afternoon that he had not sold $10,000,000 or any other amount of bonds abroad. He sold some small lots in New York-odds and ends, so to speak. The present is no time to sell bonds. CLEVELAND, June 28.-On account of the great depression in trade, one after another of the great iron mines in the upper Michigan peninsula are shutting down indefinitely. These mines employ thousands of men, and practically are the sole support of whole towns in the peninsula. A protracted cessation of work is bound to result in widespread suffering. It will also have a very bad effect on vessels in the ore-carrying trade. PHILADELPHIA, June 28.-The depressing effect on the present condition of the cotton trade is making itself felt in Frankford and Kensington. The managers of mills are trying to avert the suspension of the entire plant by laying off the employes of one room at one time, hoping that trade will take a boom, but two large plants in Frankford have finally decided to shut down one month at least; and the others in Kensington; it is rumored, will soon follow example. The mills first to succumb are the Calcutta and Berkshire, both operated by the Berkshire Mill Company and employing 600 hands. BEDFORD, Ind., June 28.-The Bedford Stone Quarries Company, the largest producers of eolitic limestone in the world, have made an assignment to William L. Brewogle, one of the company's largest creditors. Inability to realize in time to meet maturing obligations is given as the cause. A bond of $400,000 is required. LOCKHAVEN, Pa., June 28.-The State Bank of Lockhaven has gone into liquidation. ONTARIO, Cal., June 28.-AttorneyGeneral Hart and Commissioners Gerberding and Dunsmore examined the Citizens' Bank to-day and found it perfectly solvent. It will open for business to-morrow. SIOUX CITY, June 28.-The failure of the Union Trust Company was announced to-day. The liabilities are $350,000 and assets $450,000. The stock is largely held in New Hampshire. It is stated that the obligations can be fully satisfied from the assets.

2. June 30, 1893 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, June 30, 1893

Click image to open full size in new tab

Article Text

FAILURES. SIOUX CITY, Ia.. June 29.-The Union Trust company, the headquarters of which were recently moved to Kansas City, has failed, with liabilities of $350,000. The assets are $450,000. The stock of the company is largely held in New Hampshire. An application has been made for a receiver. RICHMOND, Ind., June 29.- - Paynes, Spencer & Co., manufacturers of school and church furniture, have assigned. The failure was caused by the failure of the Merlin Furniture factory of St. Louis. The liabilities are $50,000, and the assets $68,000.

3. June 30, 1893 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, June 30, 1893

Click image to open full size in new tab

Article Text

BUSINESS EMBARRASSMENTS. A Few Small Bank Suspensions and Failures in Trade Reported Yesterday. SIOUX CITY, Ia., June 29. -The failure of the Union Trust Company was announced to-day by E. M. Donaldson, its secretary, who filed a petition for a receiver. The statement shows liabilities of $330,000 and assets $450,000. The stock is largely held in New Hampshire. It is stated that when the assets can be realized upon all creditors will be paid in full. ST. LOUIS, June 29.-A note for $1,500. given by Post, Martin & Co., coal dealers. to the Madison Car Company. by which it was indorsed and then sold, has been allowed to go to protest. Beyond saying that the paper will be cared for the Madison Car Company refused to discnas the matter. NEW YORK, June 29.-The failure of J. B. McGeorge, stock broker at No. 20 Broad street, was announced on the Stock Exchange yesterday. He had been a member of the exchange since March 31, 1887. His liabilities are less than $150,000. ST. PAUL, Minn., June 29.-The Pine County Bank. at Hinckley, and a branch bank at Sandstone, owned by W. H. Grant & Son, have closed their doors. There was nearly $60,000 on deposit in the Pine County Bank. ST. LOUIS, June 29.-It is announced here that in the United States Court of the Indian Territory James W. Brockmorton and F. I. N. Guyeu have been appointed receivers of the Choctaw Coal and Railway Company. PITTSFIELD, Mass., June 29.-The court has granted a warrant in insolvency against the H. D. Cone & Owen Paper Company, of Housatonic. EDWARDSVILLE, III.. June 29.-The hardware firm of H. G. Reinmer & Co., of Giant Fork. has failed. Liabilities, $34,000; assets. $27,000. PHILADELPHIA, June 29.-W. H. Harrison & Bro., manufacturers of marble mantels. have confessed judgments amounting to $10,250. CHICAGO, June 29. - -David M. Pollack & Co., millinery goods, confessed judgment yesterday for $48,000. LOCK HAVEN, Pa., June 29.-The doors of the State Bank of Lock Haven have been closed. BOSTON, June 29.-W. C. Jackson & Co., coal aealers, have assigned. Liabilities $40,000.

4. July 6, 1893 The State Republican Jefferson City, MO

Article from The State Republican, July 6, 1893

Click image to open full size in new tab

Article Text

WEST AND SOUTH. BECAUSE she refused to live with him, Jacob Lyons, a farmer at Ottawa. O., fatally shot his wife and then killed himself. IN state convention at Cleveland the Ohio prohibitionists nominated the following ticket: For governor, Rev. Gideon P. Machlin, of Germantown: lieutenant governor, S. H. Ellis, of Warren county; treasurer, Abram Ludlow, of Springfield; attorney general, S. E. Young, of Portage: supreme court judge, J. A. Gallagher, of Bellaire. The platform adopted favors absolute destruction of the liquor traffic, indorses woman suffrage, the granting of liberal pensions, the revision of the immigration laws and the election of president and United States senators by direct vote of the people. ON trial at Atlanta, Ga.. for the murder of her two sisters. Julia Force was declared not guilty and will be confined in an insane asylum. FLAMES swept away the principal part of the town of Lexington. O. T., and two men perished in the flames. AT Fairfield, Ia., Charles Wilson shot his wife fatally and then fatally shot himself. Domestic trouble was the cause. THE cabinet of the Epworth league of the United States adopted a resolution at a meeting in Cleveland which instructs the withdrawal of the league's exhibit at the world's fair because of Sunday opening. BURGLARS robbed the Hartly bank at Jericho, Mo., of $12,000. JAMES SHEAKLEY has been appointed governor of Alaska. THE death of ex-Congressman Wallace occurred at his home near Yorkville, S. C. He represented the state in the reconstructionist period. THE notorious burglar, Jim Ander son, who has committed crime in every large city in the state and always escaped conviction, was sentenced at Columbus, O., to five years' imprisonment. FIRE destroyed two squares of the business portion of Augusta, Mich. A RECEIVER was wanted for the Union Trust company of Sioux City, Ia., the liabilities being $350,000. NEAR Breckinridge, Tex., an attempt to hold up a train resulted in the killing of the fireman and capture of one of the bandits after a hard fight. THE wheat crop is a failure in thirty counties in the west of Kansas and Gov. Lewelling has been appealed to for relief. THE editor of the Augusta (Ga.) Evening News, W. H. Moore, dropped dead in his room. He had been on the street fifteen minutes previously. THE cashier of the City national bank of Brownwood, Tex., S. F. Walling, Jr., was arrested on the charge of embezzling $70,000 from the bank. MINING men met in Denver and decided to close all the smelters, mills and silver mines in Colorado until such time as silver is appreciated at its proper worth. AT St. Joseph, Mo., Ellsworth Goshen, aged 9 years, was sentenced to twelve years' imprisonment for wrecking a freight train

5. July 6, 1893 River Falls Journal River Falls, WI

Article from River Falls Journal, July 6, 1893

Click image to open full size in new tab

Article Text

WEST AND SOUTH. ON a bicycle H. H. Wyllie made the 1,000 miles from New York to Chicago in ten days and four hours. BERRY won the cowboy race to Chicago which was begun at Chadron, Neb. June 13, making the 1,040 miles in 13 days, 15 hours and 85 minutes-an average of 77 miles daily. WHILE attempting to escape from the prison at Folsom, Cal., three convicts were shot dead by guards. AT Edinburg, III., G. P. Harrington, a banker. of private THE American failed exchange for $200,000. bank Minneapolis, Mion., and the Second national bank of Ashland, Ky., closed their doors. THE failure was reported of the Bedford (Ind.) Stone Quarries company, the largest producers of oolitic limestone in the world. IN Chicago the Illinois Fuel company, with assets of $150,000 and liabilities of $100,000, has been driven to the wall. THE monetary stringency caused the assignment in Cincinnati of Bennekamp Brothers, furniture manufacturers, and the Louis Snyder's Sons Paper company. A TRAIN struck a buggy in which were Mrs. Inholsen and three children in Chicago and two of the children were killed and the other fatally injured. THE lives of Mrs. Catherine Neumann and her three children, aged 20, 15 and 12 years respectively, were lost in flames that destroyed their home in Saginaw, Mich. JOHN HUDSON died near Battle Creek, Mich., aged 101 years. AT Oakley, Kan., a tornado destroyed thousands of dollars' worth of propertv. A strip of country 1 mile wide and 6 miles long was swept clean, every building in its path being torn into kindling wood. FIRE wiped out the business portion of Union City, Ind. BECAUSE she refused to live with him, Jacob Lyons, a farmer at Ottawa, O., fatally shot his wife and then killed himself. IN state convention at Cleveland the Ohio prohibitionists nominated the folFor eon lowing P. Machlin, ticket: of Germantown: governor, Rev. lieu- Gidtenant governor, S. H. Ellis, of Warren county: treasurer, Abram Ludlow, of Springfield; attorney general, S. E. Young. of Portage: supreme court judge, J. A. Gallagher, of Bellaire. The platform adopted favors absolute destruction of the liquor traffic, indorses woman suffrage, the granting of liberal pensions, the revision of the immigration laws and the election of president and United States senators by direct vote of the people. ON trial at Atlanta, Ga., for the murder of her two sisters Julia Force was declared not guilty and will be confined in an insane asylum. FLAMES swept away the principal part of the town of Lexington. O. T., and two men perished in the flames. AT Fairfield, la., Charles Wilson shot his wife fatally and then fatally shot himself. Domestic trouble was the cause. THE cabinet of the Epworth league of the United States adopted a resolution at a meeting in Cleveland which instructs the withdrawal of the league's exhibit at the world's fair because of Sunday opening. BURGLARS robbed the Hartly bank at Jericho, Mo., of $12,000. JAMES SHEAKLEY has been appointed governor of Alaska. THE death of ex-Congressman Wallace occurred at his home near Yorkville, S. C He represented the state in the reconstruction g period. THE notorious burglar. Jim Anderson, who has committed crime in every in the state eswas at caped large city conviction, and sentenced always Columbus, O., to five years' imprisonment. FIRE destroyed two squares of the business portion of Augusta, Mich. A RECEIVER was wanted for the Union Trust company of Sioux City, Ia., the liabilities being $350,000.

6. July 7, 1893 Middlebury Register Middlebury, VT

Article from Middlebury Register, July 7, 1893

Click image to open full size in new tab

Article Text

perished in the flames was the stallion Onset, valued at $10,000. The first yessel to sail from New York with a full cargo of American hay will leave this week, and will go direct to Havre. The full-rigged ship Freiburg is the vessel and sails under the German flag. The Hartly bank of Jericho, Mo., was robbed early Friday morning by four masked men. They aroused the cashier and made him go to the bank half mile away and open the safe. The robbers secured $10,000. The Union Trust Co., of Sioux City, Ia., has failed. Its liabilities are $350,000; assets, $450,000. The stock is largely held in New Hampshire. It is stated that when the assets can be realized upon all creditors will be paid in full. Maud McKibben is under arrest at St. Louis, Mo., charged with the murder of her father and sister, both of whom are dead from poison administered by her. She has practically admitted her guilt and is expected to make a confession. The catch of the poachers who are doing pelagic sealing off the Alaskan coast has been larger than ever known before. The fleet this year consists of 100, but returns have come in from only 29 vessels to San Francisco. They have taken 22,496 skins. During a panic at the elevated railroad platform on the World's fair grounds, Chicago, Monday night, at least 100 people were trampled upon. Fifteen persons were sent to the hospital in ambulances when it was over. A report that the platform was not safe caused the trouble. The sudden drop in the price of silver has caused the suspension of operations in practically all the silver mines in New Mexico. The mines at Geo getown, Lone Mountain and Hanover were closed down Saturday. Less than half a dozen mines which produce silver alone can be operated in the territory with silver at its present price. Unless the people of western Kansas receive aid in the very near future that entire section will be practically depopulated. An appeal is to be made to Gov. Lewelling to immediately call the legislature together to appropriate funds for provisions, food and seed wheat. Many have already abandoned their claims and goLe to Oklahoma. A section of Biddeford and Saco, Me., about half a mile in width, was visited by a disastrous hail storm Tuesday afternoon. Hail stones as large as walnuts, and some measuring two inches in diameter, fell in great quantity. Windows were broken in nearly every building in the business section of Biddeford and in many dwellings. New York State's handsome monument to the heroes who fell in the battle of Gettysburg was dedicated on Sunday with impressive ceremonies. It was the great day of the celebration of the threedays' fight. Seven thousand New York D veterans, the governors of two States, the surviving generals of the battle and thousands of veteraus and visitors from other States were present. a A real estate swindle has just develope ed at Chevenne, Wyo., in which tue S Mutual Life Insurance Co. of New 1 York has been defrauded out of $44,078. a A. M. Whitney, acting as special agent, f in 1891 purchased 546 acres of land adS joining the city of Cheyenne as an investment for the company, representing that 1 he had paid $99,900 for the property. E. B. Newton, special agent of the company e e in Chicago, has just ascertained that a Whitney actually paid but $46,822 for the land. S

7. July 8, 1893 The Cape Girardeau Democrat Cape Girardeau, MO

Article from The Cape Girardeau Democrat, July 8, 1893

Click image to open full size in new tab

Article Text

BURGLARS robbed the Hartly bank at : Jericho, Mo., of $12,000. JAMES SHEAKLEY has been appointed governor of Alaska. THE death of ex-Congressman Wallace occurred at is home near Yorke ville, S.C. He represented the state in the reconstructionist period. , THE notorious burglar, Jim Ander0 so who has committed crime in every large city in the state and always esr caped conviction, was sentenced at , Columbus, O., to five years' imprisonment. e = FIRE destroyed two squares of the business portion of Augusta, Mich. 7 A RECEIVER was wanted for the Union / Trust company of Sioux City, Ia., the liabilities being $350,000. i NEAR Breckinridge, Tex., an attempt i to hold up a train resulted in the kille ing of the fireman and capture of one of the bandits after a hard fight. THE wheat crop is a failure in thirty counties in the west of Kansas and , Gov. Lewelling has been appealed to , for relief. THE editor of the Augusta (Ga.) Evening News, W. H. Moore, dropped dead in his room. He had been on the street : fifteen minutes previously. THE cashier of the City national bank a of Brownwood, Tex., S. E Walling, 7 Jr., was arrested on the charge, of efn1 bezzling $70,000 from the bank. RESIDENTS of Naperville, Ill., hanged / Gov. Altgeld in effigy for pardoning the Chicago anarchists. MIXING men met in Denver and dei cided to close all the smelters, mills , and silver mines in Colorado until such time as silver is appreciated at its prop3 er worth. e AT St. Joseph, Mo., Ellsworth e Goshen, aged 9 years, was sentenced to twelve years' imprisonment for wreck) ing a freight train. BECAUSE of trouble between the studeuts and façulty of the state normal : school at Terre Haute. Ind., the entire class of 1893 refused to graduate and : the commencement exercises were declared off. . THE dwelling. barn and outhouses of Henry Queer, a well-to-do ranchman near Leroy, Col., were burned by white I caps, and two of his horses were killed and he was given warning to leave the state within ten days. No cause was known. THE sudden death of Mrs. Gus Waldin. of Burlington, Ia., caused a postmortem examination and it was discov, ered that the heart, although perfectly healthy. had been burst by some tremendous emotion. T. A. TIGHMAN, of Tennessee, a prominent Farmers' Alliance leader, will succeed Gen. Rosecrans as registrar of of the treasury. POVERTY and a drunken husband caused Mrs. Julius Collins, of Oak Cliff, Tex., to administer poison to herself and three little children. THE Epworth league met in annual 1 convention at Cleveland and Gov. Mc1 Kinley and Mayor Blee made speeches of welcome. e AT Hinckley, Minn., the Pine county bank and a branch bank at Sandstone, owned by W. H. Grant & Son, closed o their doors. o EMPLOYES of the Texas railway o caught three tramps plundering freight cars at Owensboro, Ky., and the thieves o were strung up and given twenty-five e lashes.

8. August 22, 1893 The Record-Union Sacramento, CA

Article from The Record-Union, August 22, 1893

Click image to open full size in new tab

Article Text

SHORT IN THEIR ACCOUNTS. RETURN OF THREE MEN ANXIOUSLY AWAITED. An Iowa Bank Wrecker Gets Away With About Six Hundred Thousand Dollars. Special to the RECORD-UNION. KANSAS CITY, Aug. 21.-Henry Woolmer, attorney for Special Bank Examiner Latimer, acting as special agent of the First National Bank of Marion. Kansas, filed attachments to-day against George D. Galbraith, Special Bank Examiner in charge of the National Bank of Kansas City, the National Bank of Commerce and the American National Bank, by E. M. Donaldson, President of the First National Bank of Marion, Kansas. It is charged that Donaldson secured loans from the bank of which he was President for personal use, without adequate security. He has since disappeared, and the bank is short $23,013. James Doughty of Sioux City arrived to-day, and after a conference with Attorney Wallman and Bank Examiner Latimer, swore out a warrant for Donaldson's ..rrest for alleged embezzlement, misappropriation and forgery. The facts told by Mr. Doughty made Donaldson's embezzlement from the Marion Bank appear simply a drop in the bucket compared with the ex-banker's transactions in Iowa. Donaldson, in the eighties, besides owning a majority of the stock of the First National Bank of Marion, Kansas, controlled two State banks. His transactions, through them, were not successful, and in 1886 he closed out two small banks, and, securing considerable money from the Marion Bank, started the Union Trust Company of Sioux City, Iowa. As feeders for it he established a chain of banks in Iowa, eleven in number. His ventures, however, did not develop according to expectations, and from subsequent events it became apparent that he was determined to realize what cash he could and leave the country. Accordingly, last winter he opened a branch office hereand disposed of a large amount of securities and assets of the town concern. The Union Trust Company was among the first financial institutions to go under when the financial difficulties began last spring. With it went down the eleven lowa banks. Doughty, who was interested in the Union Trust Company, says an examination of that company's affairs and the affairs of the eleven Iowa banks shows a deficit of at least $600,000. LEFT FOR PARTS UNKNOWN, OGDEN, Aug. 21.-To-day a warrant was issued for the arrest of Alfred H. Nelson, formerly Secretary and Manager of the Ogden Buildings and Savings Association of this city, for embezzlement of funds of the company. His estimated shortage is about $13,000. Nelson and family left for parts unknown early this morning. FATHER AND SONS ARRESTED. INDIANAPOLIS, Aug. 21.-This afternoon Theodore P. Haughey, President of the wrecked Indianapolis National Bank, was arrested at his home near this city, on a warrant sworn out by Receiver Hawkins, charging him with embezzlement and misapplication of the funds and credits of the bank. Simultaneously with the arrest of Haughey. Federal officers arrested his son, Schuyler C. Haughey, President of the Indianapolis Curled Hair Works and Indianapolis Glue Works, and later Francis A. Coffin, President of the Indianapolis Cabinet Company; Percival Coffin, Vice-President of the company, and Albert T. Reed, Treasurer of the same concern. Young Haughey, Coffin and Reed are charged with having aided and abetted the elder Haughey in embezzlements and misappropriation of credits charged against him. The arrested men were taken before United States Commissioner Van Buren, who released them on bonds

9. August 22, 1893 The Record-Union Sacramento, CA

Click image to open full size in new tab

Article Text

SHORT IN THEIR ACCOUNTS. RETURN OF THREE MEN ANXIOUSLY AWAITED. An Iowa Bank Wrecker Gets Away With About Six Hundred Thousand Dollars. Special to the RECORD-UNIONAL KANSAS City, Aug. 21.-Henry Woolmer, attorney for Special Bank Examiner Latimer, acting as special agent of the First National Bank of Marion. Kansas, filed attachments to-day against George D. Galbraith, Special Bank Examiner in charge of the National Bank of Kansas City, the National Bank of Commerce and the American National Bank, by E. M. Donaldson, President of the First National Bank of Marion, Kansas. It is charged that Donaldson secured loans from the bank of which he was President for personal use, without adequate security. He has since disappeared, and the bank is short $23,013. James Doughty of Sioux City arrived and after a conference with AttorWallman and Bank to-day, ney Examiner Donaldson's Latimer, swore outa warrant for Arrest for alleged embezzlement, misappropriation and forgery. The facts told by Mr. Doughty made Donaldson's embezzlement from the Marion Bank appear simply a drop in the tucket compared with the ex-banker's transactions in Iowa. Donaldson, in the eighties, besides owning a majority of of the stock of the First National Bank Marion, Kansas, controlled two State banks. His transactions, through them, were not successful, and in 1886 he closed out two small banks, and, securing considerable money from the Marion Bank, started the Uuion Trust Company of Sioux City, Iowa. As feeders for it he established a chain of banks in Iowa, eleven in number. His ventures, however, did not develop according to expectations, and from subsequent events it became apparent that he was determined to realize what cash he could and leave the country. Accordingly, last winter he opened a branch office here and disposed of a large amount of securities and assets of the town concern. The Union Trust Company was among the first financial institutions to under when the financial difficulties began last spring. With it went down the eleven lowa banks. Doughty, who in the Union Trust Coman examination company, was interested says of that pany's affairs and the affairs of the eleven Iowa banks shows a deficit of at least $600,000. LEFT FOR PARTS UNKNOWN. OGDEN, Aug. 21.-To-day a warrant was issued for the arrest of Alfred H. Nelson, formerly Secretary and Manager of the Ogden Buildings and Savings Associaof this city, for embezzlement of of the tion funds company. His Nelson estimated and shortage is about $13,000. family left for parts unknown early this morning. FATHER AND SONS ARRESTED. INDIANAPOLIS, Aug. 21.-This afternoon Theodore P. Haughey, President of the wrecked Indianapolis National Bank, at his home near this city, sworn out him and of charging misapplication the on ment Hawkins, was a arrested warrant Simultaneously with by embezzle- Receiver funds and credits of the bank. with the arrest of Haughey. Federal officers arrested his son, Schuyler C. Haughey, President of the Indianapolis Curled Hair Works and Indianapolis Glue Works, and later Francis A. Coffin, President of the Indianapolis Cabinet Company; Percival Coffin, Vice-President of the company, and Albert T. Reed, of the same concern. Coffin and Reed are Treasurer Haughey, the charged Young elder with having aided and abetted Haughey in embezzlements and misappropriation of credits charged against arrested men were taken beStates Van fore him. United The Commissioner bonds Buren. who released them on

10. August 22, 1893 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, August 22, 1893

Click image to open full size in new tab

Article Text

Donaldson, president of the First National bank, of Marion, Kan. It is charged that Donaldson secured loans from the bank, of which he is president, for personal use without adequate security. He has since disappeared and the bank is short $23,013. James Doughty, of Sioux City, arrived today and after a conference with Attorney Wollman and Bank Examiner Latimer swore out a warrant for Donaldson's arrest, alleging embezzlement, misappropriation of funds and forgery. The facts as told by Mr. Doughty make Donaldson's embezzlement from the Marion bank appear simply a drop in the bucket compared with the ex-banker's transactions in Iowa, Donaldson, who is in the eighties, besides owning a majority of the stock of the First National bank of Kansas City, controlled two state banks. His transactions through them were not successful, and in 1886 he closed out the two small banks and, securing considerable money from the Marion bank, started the Union Trust Company, of Sioux City, Ia. As feeders for it he established a chain of banks in Iowa, eleven in number. His ventures, however, did not develop according to his expectations, and from subsequent events it becomes apparent that he determined to realize what cash he could and leave the country. Accordingly, last winter he opened a branch office here and disposed of a large amount of the securities and assets of the Iowa concerns. The Union Trust Company was among the first financial institutions to go under when the financial difficulties began last spring. With it went down the eleven Iowa banks. Doughty, who was interested in the Union Trust Company, says the examination of the company's affairs and the affairs of the eleven Iowa banks shows a deficit of at least $600,000. # Indianapolis Bank-Wreckers Arrested. INDIANAPOLIS, Aug. 21. -This afternoon Theodore P. Haughey, president of the wrecked Indianapolis National bank, was arrested at his home near this city on a warrant sworn out by Receiver Hawkins, charging him with embezzlement and misapplication of funds and credits of the bank. Simultaneously with the arrest of Haughey Federal officers arrested his son, Schuyler C. Haughey, president of the Indianapolis Curled Hair Works and Indianapolis Glue Works, and later Francis A. Coffin, president of the Indianapolis Cabinet Company; Percival Coffin, vice president of the company and Albert T. Reed, treasurer of the same concern. Young Haughey, Coffin and Reed are charged with having aided and abetted the elder Haughey in the embezzlements and misappropriations charged against him. The arrested men were taken before United States Commissioner Van Buren, who released them on bonds furnished as follows: Theodore P. Haughey, $10,000; Schuyler C. Haughey, $10,000; Francis A. Coffin, $5,000; Percival Coffin, $5,000, and Albert T. Reed, $5,000.

11. August 25, 1893 The Kinsley Graphic Kinsley, KS

Article from The Kinsley Graphic, August 25, 1893

Click image to open full size in new tab

Article Text

THE LATFST. THE world's -fair directory has requested Theodore Thomas to resume charge of the music. THE president has issued his proclamation opening the Cherokee strip to settlement at the hour of 12 o'clock noon, central standard time, Saturday, September 16. THE American Bankers' association has issued a circular calling upon bankers to sign a petition for repeal of the Sherman law and to make energetic effort to influence congress. WALTER SANGER, the bicycle champion, has been expelled from the Milwaukee club for refusing to appear in a race after being advertised. DIXON, the colored pugilist so often successful in light-weight contests, was defeated by Plimmer in a late contest at Madison square garden, New York. JAPAN has made a demand upon the provisional government of Hawaii for suffrage for the Japanese. VOORHEES occupied the attention of the senate on the 22d with a speech defending the administration on the silver question. The discussion continued in the house, at times becoming monotonous. THERE is a report that China will not retaliate for the Geary law until after the next session of congress THE national encampment of the Farmers' alliance opened at Mt. Gretna, Pa., on the 22nd with 10,000 present. An address was delivered by Hon. Ben Terrell, of Texas. CROP bulletins of Illinois and Iowa say that recent rains have been greatly beneficial to corn, though more is needed yet, especially in portions of Illinois. Apples and potatoes will be short in Illinois. AT Caldwell, Id., the house of a family named Brookshire, lately from Missouri, was burned. Two children aged 4 and 2 years were burned to death. THE private bank of J. N. Knapp & Co., of Cedar Falls, Ia., failed to open its doors. THREE men were killed and several seriously hurt by the murderous folly of a militiaman in a track trouble at Gilberton, Pa. E.M. DONALDSON, president of the Marion (Kan.) First national bank, also of a dozen lowa banks and secretary of the Union Trust Co., Sioux City, all suspended institutions, is a fugitive, charged with forgery and embezzlement of over $600,000. THE railroads of South Carolina have won a victory over the dispensary law of that state.

12. August 25, 1893 Highland Recorder Monterey, VA

Article from Highland Recorder, August 25, 1893

Click image to open full size in new tab

Article Text

Stole $600,000. KANSAS CITY, Mo., Aug. 21.--E. M. Donaldson, late of Kansas City, secretery of the lately suspended Union Trust company of Sioux City Io., president of the defunct First National Bank of Marion, Kas., and general speculator, now known as a defaulter and fugitive. is pronounced by those who knew him best as perhaps the cleverest man with tongue and pen who ever struck Kansas City. Donaldson's tongue and pen have served him well, at the expense of the people of many States. He has robbed the Marion Bank, accor ding to the report of the examiner, of $23,000. This, however, is but a drop in the bucket. The receiver of the trust company, of which Donaldson was the head and front, says that he has gobbled up at least $600,000 in cash and the reciver believes that he has fled with fully this amount. Forgery is only oneof many charges against him, and for this a warrant has been issued in this city and a Deputy Marshal, it is stated, is now in Mexico for the purpose of placing him under arrest.

13. August 30, 1893 The Vermont Watchman Montpelier, VT

Article from The Vermont Watchman, August 30, 1893

Click image to open full size in new tab

Article Text

# DOMESTIC IN BRIEF. THE Merrimack mills of Lowell, Mass., employing 2,500 hands, started up last Monday morning. ACTOR CURTIS has been found "not guilty" of murdering a policeman in San Francisco over a year ago. LUCIUS TUTTLE, vice-president of the New York, New Haven & Hartford railroad, has been elected president of the Boston & Maine, to take effect October 11 next. THE suit involving 2,000,000 acres of land in Minnesota between the St. Paul & Northern Pacific and St. Paul, Minneapolis & Manitoba railroads has been decided in favor of the former by Judge Williams of St. Paul. E. M. DONALDSON, president of the defunct Union Trust Company of Sioux City, Ia., has fled the country. He is said to be a defaulter to the amount of $600,000, and is believed to have most of this money with him. It is thought he is in Mexico. THE Michigan Peninsular car shops at Detroit, Mich., have shut down for three months. The directors have voted to lay off all office employes for three months without pay, and lay off all superintendents and chiefs of departments for the same period on half pay. An official of the company says contracts could be secured easily enough, but that railroad companies are not able to get money to pay for cars, and the shops cannot run on credit. THE storm that swept over New York and a portion of New England last week Thursday night was the most destructive of any in many years. More than 300 of the stately elms in New Haven, Conn., were torn up by the roots or broken off. The damage in the harbor was the greatest known for years. The oyster beds have especially suffered. They are thought to be completely banked in mud by the action of the wind and waves and may prove a total loss. If so, the money damage will be many hundreds of thousands of dollars. In the vicinity of the city hall park, New York, the havoc wrought was especially severe. Limbs were torn from trees, and many buildings were unroofed. The twitter of the sparrows was hushed, for hundreds of them lay dying or dead. It was not that they had been struck by lightning, but that roused from their slumber in the dead of night, they had scarce time to take their heads from beneath their wings when the pitiless rain and wind combined tumbled them from their perch and they fell dazed to the grass beneath. There they lay trembling in fear until they became soaked completely through and died.

14. August 31, 1893 The Farmers' Union Memphis, MO

Article from The Farmers' Union, August 31, 1893

Click image to open full size in new tab

Article Text

CRIME AND CASUALTY. -William Myles, a Cincinnati bank was drowned near Thousand Island Pa in the St. Lawrence River, his yacht be run down by a steamboat. -New York City and vicinity was visi by a terrific storm. -Recruiting officers say that the previ 1ng hard times are driving a large num of men to enlist in the army. There now only 154 vacancies, while usually army is about three thousand short of maximum limit of 25,000. -William Highfield. one of the wi caps who brutally whipped William Da and his wife at Jasper, Ind. has been s tenced to two years' imprisonment and pay a fine of $10. At Gilberton. Pa. the tearing up of Schuylkill Traction Company's tra Monday night by the borough officials sulted most disastrously When the co pany officials heard of the action of Gilberton people they immediately sen force of men to try and effect an amica settlement. In the car were a number men taking on at Girardville, member the national guard, who had with 11 rifles belonging to the company. WI the railway officials were engaged in e versing with the borough officials some the crowd taunted the men on board car and called out: "Where is the Gira ville militia?" A man named J Briggs, of Girardville. step out and said, "liere we al accompanying his salutation with oath. and leveling his rifle fired into crowd. killing Richard Parfitt, aged a spectator. This enraged the people : stones were fired: shots from the car came general and for a while a most 1 rifle battle ensued. Chief Amore trie subdue the trouble and while in the ac stopping his men was shot in the bre and may die. It is supposed he was 9 by one of his own men. The battle ra for an hour or more until the cooler-he ed people of Gilberton prevailed upon crowd to disperse, and the dead and jured were then looked after. Five " wounded. When the trouble had quie down Briggs escaped, and, running tow Mahanoy, hid in a barn. but was captu and. together with Arthur Wiville. als member of the Girardville militia. taken to the Pottsville jail -E. U. Donaldson, late of Kansas C Secretary of the Union Trust Company Sioux City, Iowa. President of the F National Bank of Marion. Kan., and eleven Iowa banks, has fled, probably Mexico According to the claims of receivers and assignees of the different stitutions with which he was connected has taken $800,000 with him. -The band of thieves that has been erating in and about Puebla, Mexico. several months are becoming SO bold 1 they are now stealing the rails off the tr of the Mexican Interoceanic Railre Two of the culprits have just been arres in the act of carrying of the rails. : crime is punishable with death in Mex -Missouri regulators took a 14-yeargirl from her home. near Warrensb and administered a whipping. - At Bearden. Ark. the house of Al ham Jones, a negro, was blown up , dynamite Jones and his wife and el are probably fatally hurt. Sources, P. F. 1., is a rendezvous American and Canadian fshermen. an very bitter feeling prevails between men of the respective fleets The of night a fierce fight took place in the stre in which Patrick Marr. of the Glouce schocner Eliza Parkhurst. was stabbe the arm and back and probably fat wounded and another sailor wass truel

15. August 31, 1893 The Sun New York, NY

Click image to open full size in new tab

Article Text

BANKERS UNDER A CLOUD. One Gives Himself Up and Two Others Are Fugitives. CITY OF MEXICO. Aug. 30.-E M. Donaldson. President of the defunct First National Bank of Marion. Kan.. and Secretary of the suspended Union Trust Company of Sioux City, Ia. who is alleged to be a defaulter to the amount of $600.000, was in this city last week. He left on Sunday and his present whereabouts are unknown. MILWAUKEE. Aug. 30.-T. Day. President of the Plankinton Bank. who disappeared soon after the bank failed. and who has since been indicted for illegal banking and embezzlement. appeared in the Municipal Court this morning and pleaded not guilty. He was released on $15,000 bail. Mr. Day has spent most of his time at a Michigan health resort since he left Milwaukee. CHICAGO. Aug. 30.-Adam W. Jaeger. assignee for Conrad L. Niehoff. the insolvent banker. made a report in the County Court to-day which shows that the banker's cash account is short to the extent of $109.114. The assignee also says that $79,114 has been embezzled by Niehoff's sons, Frank J. and Otto E.. both of whom. together with their father. have left for parts unknown. Jaeger says that the books of the institution are in a bad condition, unposted. improperly and erroneously kept with footings forced. assets increased and liabilities decreased. Jaeger asked Judge Scales to accept his resignation as assignee.

16. September 2, 1893 Baxter Springs News Baxter Springs, KS

Article from Baxter Springs News, September 2, 1893

Click image to open full size in new tab

Article Text

Donaldson in Mexico. CITY OF MEXICO, Aug. 31.-M. Donaldson, president of the defunct First national bank of Marion, Kan., and secretary of the suspended Union Trust Co. of Sioux City, Ia., who is alleged to be a defaulter to the amount of $600,000, was in this city last week. He left on Sunday, and his present whereabouts are known,

17. September 3, 1893 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, September 3, 1893

Click image to open full size in new tab

Article Text

Neuralgic headaches promptly cured by Bromo-Seltzer-trial bottle 10 cents. BANKER DONALDSON. MARION, Kan., Sept. 2.-[Special.]-Mrs. E. M. Donaldson of Marion, Kan., wife of the alleged bank wrecker, requests the publication of the following: "E. M. Donaldson's friends will, in a few days, publish a full account of his relations with the various incorporations said to have been wrecked by him, and will be able to substantially prove that the grave charges brought against him are utterly false and groundless." The object in printing the above is to prepare the public for a statement in refutation of the charges recently brought against Mr. Donaldson. Mrs. Donaldson says that the fortheoming reply to the charges in question will be attested by Fred L. Frazer, cashier of the First National bank of Marion; James H. Doughty, receiver of the Union Trust company of Sioux City, Ia,; H. M. Whinney; cashier of the Ida Grove (Iowa) National bank. and other responsible men connected with the institutions Mr. Donaldson is accused of wrecking.

18. September 6, 1893 The Abbeville Press and Banner Abbeville, SC

Article from The Abbeville Press and Banner, September 6, 1893

Click image to open full size in new tab

Article Text

THE NEWS EPITOMIZED. Eastern and Middle States. Six THOUSAND unemployed Hebrews filled the East Side streets in New York City with riot. Walhalla Hall was torn to pieces. The police had a hard day's work. Many arrests were made. THE Oliver Iron and Steel Company. Pittsburg, Penn., has passed into the hands of a receiver. THE yacht Vigilant won the first race for the Astor Cups. off Newport (R. I.) Harbor. The Jubilee was second, and the Colonia third. The Pilgrim was disabled. THE parade of firemen at Coney Island, New York, was reviewed by Governor Flower. EMMA GOLDMAN, the former companion of Alexander Bergman, who shot H. C. Frick in Pittsburg. is making speeches in the Eas: Side, New York City, inciting the unemployed to violence. Other anarchists are also taking advantage of the situation to stir up strife. "GRANGE DAY" was celebrated at Chautauqua, N. Y. Governor Waite, of Colorado, and Roswell G. Horr were among the speakers. WHILE returning from a fishing excursion, August Kasten and John Frey, both of Syracuse, were struck by a train near Woodard station and instantly killed. James McHugh and Charles McFadden, both young men, were instantly killed on the Reading Railroad at Manayunk, a suburb of Philadelphia, Penn. THE Populists of New York held their State Convention at Sylvan Beach and nominated a ticket. THE storm that swept over New York City and vicinity was the most severe experienced in many years. Two men were struck dead by lightning at the Atlantic Highlands, N. J., and much damage was reported from all quarters. Several people were shocked by lightning in Brooklyn, and one man was drowned in a flooded cellar; Long Island and New Jersey towns suffered severely from rain and lightning. MANY iron mills in and near Pittsburg, Penn., have resumed operations. MRS. SHANN, charged with the murder of her son, was acquitted at Trenton, N. J. South and West. THE Hon. J. Logan Chipman, Congressman from Detroit, Mich., died a few days ago, at Detroit. IN the Democratic State Convention at Richmond, Va., Charles T. O'Ferral was nominated for Governor on the first ballot. R. C. Kehr was nominated for LleutenantGovernor by acclamation. THE four banks at Lemar, Iowa, closed their doors because of inability to realize on their assets. AUSTRIA'S DAY was celebrated at the World's Fair. WILLIAM JAMISON was hanged at Quincy, Ill., in the basement of the Court House in the presence of one hundred people. Outside there were 5000 waiting. Jamison was a colored herb doctor, and he was executed for the murder of Supervisor Charles N. Aron on April 19, 1892. DOUGLASS CURTIS, a Chicago (III.) railway flagman. shot his seven-year old child dead, fatally wounded his wife and took his own life. He had lost his work and was drinking. Ix a conflict between haymakers and soldiers which has taken place on the Cherokee Strip, Indian Territory, lour of the former were killed. GREAT BRITAIN'S day was celebrated at the World's Fair. THE live stock exhibit at the World's Fair was opened to the public. A CABIN five miles north of Charleston, Mo., was destroyed by fire. It was occupied by an old colored woman and several small children. The old woman was a paralytic, and was burned to a crisp. An eight-yearold child was so badly burned that she died three hours later, and one child, ten years old, was believed to have burned to death. E. M. DONALDSON. of Marion, Kan., is missing. He was President of the Union Trust Company of Sioux City, Iowa, which failed, and of the First National Bank of Marion, which was closed by a special examiner. Donaldson has fied the country and is probably in Mexico, 8 defaulter to the amount of at least $600,000.

19. September 9, 1893 Western Kansas World Wakeeney, KS

Article from Western Kansas World, September 9, 1893

Click image to open full size in new tab

Article Text

A Kausas Man Traveling. CITY OF MEXICO, September 1.-M. Donaldson, president of the defunct First National bank of Marion. Kansas, and secretary of the suspended Union Trust company of Sioux City, Ia., who is alleged to be a defaulter to the amount of $60,000, was in this city last week. He left Sunday and his present whereabouts are unknown.