American National Bank (Pueblo, CO)

View Charter #4108 on SPMC View balance sheet

Episode Information

Episode UID
410801123
Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
41080 national
Charter Number
4108
Start Date
July 5, 1893
Location
Pueblo, Colorado (38.254, -104.609)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3e93d51c6e0dc9cf

Response Measures

Accommodated withdrawals, Public signal of financial health, Partial suspension, Full suspension, Books examined

Receivership Details

Depositor recovery rate
84.0%
Date receivership started
1915-03-30
Date receivership terminated
1923-09-19
OCC cause of failure
Fraud
Share of assets assessed as good
48.7%
Share of assets assessed as doubtful
17.8%
Share of assets assessed as worthless
33.5%

Description

Comptroller/examiner temporarily assumed charge early in the episode before the banks later reopened.

Events (6)
1. August 31, 1889 Chartered
Source
historical_nic
2. July 5, 1893 Run
Cause
Macro News
Cause Details
Part of the wider July 1893 banking panic: general loss of confidence and heavy withdrawals; inability to obtain currency on paper.
Measures
Closed doors and posted notice that bank would resume when it could secure money on its paper; suspended payments temporarily.
Newspaper Excerpt
When the American National opened for business a large number of depositors were waiting to take out their money...about 10 o'clock the doors were closed.
Source
newspapers
3. July 5, 1893 Suspension
Cause
Macro News
Cause Details
Could not obtain sufficient currency/ready cash amid regional/national panic and runs on local banks; suspended to allow time to realize on paper.
Newspaper Excerpt
The American National bank has suspended. The assets are $1,250,000; liabilities $635,000. It is believed the bank will resume shortly.
Source
newspapers
4. July 6, 1893 Other
Newspaper Excerpt
Comptroller Eckels has directed Examiner Brown to assume charge of the two above named failed banks at Pueblo; five national banks failed yesterday and this morning, as reported to Comptroller Eckels, they were the American National Bank of Pueblo, Colo., the Central National Bank of Pueblo, Colo.... (news dispatch).
Source
newspapers
5. September 4, 1893 Reopening
Newspaper Excerpt
The American National Bank of Pueblo, Col., which suspended payment on July 5 ... will resume on Monday, September 4.
Source
newspapers
6. March 30, 1915 Receivership
Source
historical_nic

Newspaper Articles (24)
1. July 6, 1893 The Record-Union Sacramento, CA
Article from The Record-Union, July 6, 1893

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THE BANK PANIC. IT REACHES PUEBLO WITH A VENGEANCE. Four Institutions Close Their Doors in One Day-A Savings Bank at Omaha Goes Under. Special to the RECORD-UNION. PUEBLO, (Col.), July 5.-The bank panic did not reach Pueblo until this morning, and then it came with a vengeance. When the American National opened for business a large number of depositors were waiting to take out their money. The crowd grew, and about 10 o'clock the doors were closed. A notice was posted stating that the bank would commence business again soon, and that the assets were $1,250,000 and the liabilities $650,000. Runs commenced on both the Western National and the First National. The Western National closed its doors before noon. They have deposits of over $1,000,000, and were always considered very strong. Hundreds stood in and about the First National Bank all day, and the depositors were paid as fast as the paying teller could handle them. The general expectation is that the First National will be able to pay its creditors in full when called for, and they cannot be forced to close. The Central National closed at noon. The assets are about $170,000, and the liabilities about $70,000. A run was made on the Pueblo Savings Bank, but they took advantage of the law which allows them sixty days. The bank is regarded as perfectly safe. A much better feeling prevails this evening, and the worst is believed to have passed. Each of the closed banks will pay in full as soon as they can realize on collateral. FAILURES AT OMAHA. OMAHA (Neb.), July 5.-The American Savings Bank has gone into voluntary liquidation, and asked the State Banking Board to wind up its affairs. The action is due to the failure of the American Loan and Trust Company, which was placed in the hands of a receiver this afternoon at the instance of the directors of the concern, the company being the principal stockholder in the savings bank. The failure of the investment company is attributed to the failure of the Omaha and South Texas Land Company and the American Loan Company. The first of the concerns embarrassed had a paid-up capital of $400,000. The savings bank was an offshoot, with a capital stock of $400,000, of which $100,000 was paid up. O. M. Garter is President of both institutions. Since the failure of the McCague Bank the American Savings has effected a reduction of deposits to $9,000, the remaining securities amounting to $253,000 of the best. The total liabilities amounted to but $153,000. Carter gave a mortgage on his residence property yesterday for $50,000, to protect one of the Eastern creditors, from whom no money was secured, No statement of the bank's exact condition can be obtained to-night.

2. July 6, 1893 Grand Rapids Herald Grand Rapids, MI
Article from Grand Rapids Herald, July 6, 1893

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COULD NOT GET CASH. The Solvent Pueblo Banks Were Forced to Suspend. PUEBLO. Colo., July 5. -The American National bank was not opened this morning Notice on the door stated that the bank will resume as soon as it can secure money on its paper. The suspension was a general surprise and a large number of depositors will have to wait a couple of weeks for their money. The bank has assets of over a million and a quarter, yet could not get hold of sufficient currency on any terms, to keep going and closed in order to give every. body an even chance. Liabilities, in eluding deposits, are $630,000. The officers are men of large individual wealth and excellent standing. O.H. P. Baxter is president, and Robert Gib son cashier. Either of them could carry the bank's debts if it were possible to raise money in the usual ways. The affair is in no sense a failure. as all the depositors are sure of their money as soon as an adjustment of af fairs can be made. After the suspension of the American National became kn onn something of a run was started on the First National bank but as there is not a more solid institution in the state. and as it was ready for every body, the run did not last long. It served, however. to frighten two of the other banks. The Central National closed up at once and the Western National closed the moment that an un usual number of calls for money ap peared These are all sound concerns and the ameta are ample. The Central National has assets of $200,000 and lia bilities of $85,000. Its president. D.L. Holden, is a man of large property The Western can pay all depositors twice and then have enough for all stock holders. This statement in made by the president. W. L. Graham.

3. July 6, 1893 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, July 6, 1893

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More Failures. PUEBLO, Colo., July 6.-Three of the national banks of this city failed to open their doors yesterday. They claim that their assets are far in excess of their liabilities, but that their inability to get sufficient cash to keep up the required reserves precessitated suspension for the present. On account of a run, the American National bank of Pueblo has suspended. The assets are$1,250,000;liabilities, about $600,000. Deposits will be paid in full and business resumed in a few days. Kansas City.-Creditors have taken possession of the stock of the Golden Eagle Clothing Co. on a chattel mortgage aggregating $50,000. The liabilities are $90,000 with assets about the same. Topeka, Kas.-The - Finney County bank of Garden City, Kas., has failed.

4. July 6, 1893 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, July 6, 1893

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YESTERDAY'S FAILURES. Kansas and Colorado Banks Compelled to Suspend. Pueblo, Col., July 5.-The panic did not reach Pueblo until this morning, Then it came with a vengeance. When the American National opened for bus iness a large number of depositors were waiting to take out their money. The crowd was great, and about 10 o'clock the doors closed. Runs were com menced on both the Western National and the First National. The Western National closed its doors before noon. Sumas, Wash., July 5.-The Bank of Sumas suspended on Monday. No statement has been made, but it is thought creditors will be paid in full. Everett, Wash., July 5.-On account of the inability to realize on securities, the Puget Sound National Bank of Everett suspended today. The suspension is said to be due to the refusal of Eastern banks to honor heavy drafts on the security offered. The bank or ganized last fall ith a capital of $100,000 Winnipeg, July 5.-The Commercial Bank has gone into liquidation. Liabilities, $1,270,000; assets, 1,981,000. The bills of the bank go under the dominion law. Pueblo, Col., July 5.-The American National Bank has suspended. The assets are $1,250,000; liabilities $635,000. It is believed the bank will resume shortly Howard, S. D., July 5.-Vilas, Christianson & Co.'s bank has failed. No statement is given. Garden City, Kan., July 5.-The Finley County Bank has failed.

5. July 6, 1893 The Sun New York, NY
Article from The Sun, July 6, 1893

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PUEBLO'S BANKS SUSPEND. THE EDICT OF COLORADO MINE OWN. ERS CAUSES A TEMPORARY SCARE The Confidence or the People is Shaken and They Start a Ren-Three or the Banks Are Sound and May Reopen-Despondency nt Denver Giving Way to Better Feeling. PUEBLO, July 5.-The edict of the mining men last week severely shook the confidence of the people of Colorado. and the failure of small banks in mining towns resulted. The scare crept into the large towns. and this morning the American National Bank of Pueblo opened its doors to find n crowd of depositors waiting to withdraw their money. The bank closed its doors and posted a notico stating its assets to be $1,250,000 and its liabilities $635,000. This started a run on the other banks of the city. and at noon the Western National. the Central National. and the Pueblo savings banks all closed for the day. President W. L. Graham of the Western said to-night that his bank has three times the necessary assets to meet all liabilities. and he regretted very much that he had to close his bank. but deemed It best. When confidence is restored and time 18 given to make collections on outstanding notes the bank will be able to resumo. President D. L. Holden of the Central states that the bank is sound and will certainly resume. The Pueblo Savings Bank has its securities in first-class order and will be only temporarily embarrassed. The condition of the American National is not considered NO bright. and though all its liabilities may he met. It is now not thought that the bank will resume It is a young bank. and its policy has been to bid strongly for business It had for correspondents within the State a number of country banks whose failures crippled 11. President Baxter is one of the most wealthy men of Colorado. and he alone is good for all the liabilities. The fear is maining ground that these bank failures may drag down prominent firms. not only in this city but in every section of the State. Colorado has resources enough to meet all its obligations.

6. July 6, 1893 Pawtucket Tribune Pawtucket, RI
Article from Pawtucket Tribune, July 6, 1893

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PUEBLO'S BANKS. Trouble With the American National Caused Two Others to Suspend. PUEBLO, Colo., July a-The American National bank was not opened yesterday. Notices on the door stated that the bank would resurre as soon AB It secured money on its paper. The suspension was a general surprise, and a large number of de positors will have to wait a couple of weeks for their money. The bank has 89 sets of over a million and a quarter, yet could not get hold of sufficient currency on its terms to keep going and closed in order to give everybody an even chance. Liabilities, including deposits, $633,000. After the suspension of the American National became known something of a run was started on the First National bank, but it was ready for everybody and the run did not last long. It served, how. ever, to frighten two of the other banks. The Central National closed up at once, and the Western National closed the moment an unusual amount of depositors appeared. These are all sound concerns and assets are ample. The Central National has assets of $200,000 and liabilities of $85,000.

7. July 6, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 6, 1893

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PUEBLO BANKS CLOSE. Runs Are Made on Them and Three Shut Their Doors. PUEBLO, Colo., July 5.-The bank panic did not reach Pueblo until this morning, then it came with a vengeance. When the American National bank opened for business a large numbar of depositors were waiting to take out their money. A notice posted up stated that the bank would commence business again soon and that its assets were $1,250,000 and liabilities $650,000. Runs commenced on both the Western National and First National. The Western National closed its doors before noon. They have deposits of over $1,000,000 and were always considered very strong. Hundreds stood in and about the First National bank all day and depositors were paid as fast as the paying teller could handle them. The general expectation is that the First National will be able to pay creditors in full when called for and that they cannot be forced to close. The Central National closed at noon. Assets abount $170,000 and liabilities about $70,000. A run was made on the Public Savings bank but they took advantage of the law which allows them sixty days. The bank is regarded as perfectly safe. There is a much better feeling this evening and the worst is believed to be past. Each of the closed banks can pay in full as soon as they can realize on collateral. The Bank of Florence, at Florence, Colorado, closed its doors today. It was a branch of the American National Bank of Pueblo. Assets and liabilities are unknown but it is claimed creditors will be paid in full.

8. July 7, 1893 The Herald Los Angeles, CA
Article from The Herald, July 7, 1893

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BANKS. Comptroller Eckels' Information Abont Suspended Institutions. WASHINGTON, July 6.-The comptroller of the currency is informed that the First National bank of Los Angeles, Cal., and the Southern California National bank of the same place, which suspended recently, will open their doors for business again within 8 few days. The comptroller is informed that the First National bank of San Diego, which reopened for business yesterday, received deposits to the amount of $25,000, as against withdrawals to the amount of $8000. This is regarded as evidence of returning confidence. The Washington National bank of Spoliane reopened for business this morning. Comptroller Eckels states that the information given out in his office yesterday that he directed Bank Examiner Wilson to take charge of the First National bank of Albuquerque, N. M., was a mistake. The name of the failed institution, is the Albuquerque National bank. F ve national banks failed yesterday and this morning. as reported to Comptroller Eckels. They were the American National bank of Pueblo, Colo., the Central bank of Pueblo, Colo., the Puget Sound National bank of Everett, Wash., the National Bank of Ashland, of Ashland, Neb., and the First National bank of Winslow, N. C. Comptroller Eckels has directed Examiner Brown to assume charge of the two above named failed banks at Pueblo: Examiner Horine, of the failed Ashland bank; Examiner Cleary, of the failed Everett bank; Examiner Cascadon, of the failed Winslow, N. C., bank. OMAHA, Neb., July 6.-The American Savinga bank has suspended. Deposits, $153,000; assets, $259,000. WATERTOWN, N. Y., July 6.-A run was started on the Jefferson County Savings bank today. The bank continued paying all demanda after closing hours and it is believed the run is over.

9. July 7, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, July 7, 1893

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play a part in the selection of the Speaker. The announcement that there is a possibility that Bland may be replaced as chairman of the Committee of Coinage, Weights and Measures has them to renewed efforts. Stories of an attempted combination between the free silver advocates and the Populists to place a candidate for the speakership in the field unless they have an assurance from Crisp that Bland will be retained at the head f"the committee are floating about. but are not generally credited, for, though it is openly said by some that Bland will not again be chairman of the committee, there are no facts that would warrant such an assertion. Crisp has not even intimated such a thing. Among the more conservative the impression is that Bland will lead the committee. This would not, however, indicate that the entire committee will remain. It is known that Crisp has made absolutely no pledges one way or the other. Senator Harris, President pro tem. of the Senate, says there will be filibustering in the Senate against the bill to rapeal the Sherman law. Comptroller Eckels states that from information given out in his office yesterday he directed Bank Examiner Wilson to take charge of the First National Bank of Albuquerque, N. Mex., through a mistake. The name of the failed bank is the Albuquerque (N. Mex.) National Bank. Five national banks failed yesterday and this morning, as reported to Comptroller Eckels. They were: The American National Bank of Paeblo, Colo.; Central National Bank of Pueblo, Colo.; Puget Sound National Bank at Everett, Wash.; National Bank of Ashland, Ashland, Nebr., and the First National Bank of Winston, N. C. Comptroller Ecke's has directed Examiner Brown to assume charge of the two above-named failed banks at Pueblo, Examiner Horine of the failed Ashland Bank, Examiner Cleary of the failed Everett Bank and Examiner Carscadon of theifailed Winston Bank. The Comptroller of the Currency has been informed that the First National Bank of Los Angeles and the Southern California Bank of the same place, both of which suspended recently, will open their doors again for business within a few days. The Comptroller has also been informed that the First National Bank of San Diego, which reopened for business yesterday, has received deposits to the amount of $25,000, as against withdrawals to the amount of $8000. This is regarded as evidence of returning confidence. The Washington National Bank of Spokane reopened for business this morning. The gold in the treasury now amounts to $96,778,943.

10. July 7, 1893 New-York Tribune New York, NY
Article from New-York Tribune, July 7, 1893

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FAILURES OF WESTERN BANKS. A FEW MORE SUSPENSIONS REPORTED-TWO BANKS RESUME AGAIN. Omaha, Neb., July 6.-The American Savings Bank suspended this morning with deposits of $133,000 and assets of $239,000. It was involved in the embarrassment of the American Loan and Trust Company. through the latter's enterprise, the Omaha and South Texas Land Company. Everett. Wash., July 6.-On account of inability to realize on securities the Puget Sound National Bank. of Everett. suspended yesterday. The suspension is said to be owing to the refusal of Eastern banks to honor heavy drafts on security affirmed. No statement is yet made. The bank's capital is $100,000. Worthington, Minn., July 6.-The Noble County Bank closed its doors yesterday morning, and its owner, Peter Thompson. made an assignment. Several thousand dollars of county money are tied up. Sumas, Wash., July 6.-The Bank of Sumas suspended payment on Monday. No statement was made. but it is thought creditors will be paid in full. Topeka. Kan., July 6.-Two Kansas banks closed their doors yesterday. The failure of the Finney County Bank, at Garden City, was not unexpected. as the bank has for "Some time been in bad condition. The bank of Leroy, Coffey County, also closed. Washington, July 6.-The Controller of the Currency is informed that the First National Bank of Los Angeles, Cal., and the Southern California Bank of the same place. which suspended recently, will few open their doors for business again within a days. Controller Eckels is adopting precautions in all cases where suspended banks apply for permission to resume. to make sure that the banks are put on an absolutely sound basis before the request is granted in order to guard againt a second suspension within a short time. The Controller is informed that the First National Bank of San Diego, Cal. which reopened for business yesterday, received deposits to the amount of $25.000, as against withdrawals to the amount of $8,000. This is regarded as an evidence of returning confidence. The Washington National Bank of Spokane reopened for business this morning. Controller his Pckels states that the information given out m office yesterday that he had directed Bank Examiner Wilson to take charge of the First National Bank of Albuquerque, N. M., was a mistake. The name of the failed bank was the Albuquerque, N. M., National Bank. Five National banks failed yesterday and this morning, as reported to Mr. Eckels. They were the American National Bank of Pueblo, Col.: the Central National Bank of Pueblo, Col.: the Puget Sound National Bank, of Everett. Wash.: the National Bank of Ashiand, Neb., and the First Na tional Bank of Winston, N. C. Controller Eckels has directed Examiner Brown to assume charge of the two banks at Pueblo. Examiner Horine of the Ashland bank, Examiner Cleary of the Everett bank and Examiner Carskadon of the Winston bank.

11. July 7, 1893 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, July 7, 1893

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ABBREVIATED TÈLEGRAMS. Senator Mills, of Texas, says the financial trouble was caused purposely by the banks and that the price of silver will not improve. It is asserted at Chicago, and the beneflciary does not deny the story-that R. J. Smith, secretary and general manager of the Traders' Insurance company, will be appointed postmaster. Reporters in all the great cities are interviewing the passing congressman with great industry, but all they get is the assurance that Cleveland did well in calling the extra session and that congress will surely-do something. Basil Lockwood, the colored hero of the Ford's theatre disaster, has been presented with a gold watch. Lockwood is the man who climbed to one of the back windows by means of a telegraph pole and so held a ladder that about twenty-five frenzied clerks got out. President Cleveland is laid up with rheumatism in his foot and knee at Gray Gables. Near Belknap, Ia., two men were found horribly mangled on the railway track. Theodore Lemet will die and the other is unconscious. It is supposed they were stealing a ride and were shoved off the train. Three of the six national banks of Pueblo, Colo., have closed their doors-American National, Western National, and Central National. Seven hundred live larks constituted the queer present lately sent by the king of Italy to the German emperor. Lord Randolph Churchill, who had been a "moderate," has become a teetotoller. Edgar Scott. of Philadelphia, son of the late Thomas Scott, will visit Sweden and Norway this summer in his yacht. On reaching the age of 21 in August last he came into an income of $1,000,000, and shis will be doubled when he is 25. The Wellston (O.) Furnace company, owned principally by Forsythe, Hyde & Co., of Chicago, has been placed in the hands of a receiver. Elmer E. Williams, of the Colorado state bureau of information, has been arrested, charged with having in his possession $31,000 of the funds of the Chafee County bank, which recently failed at Salida. The bank gave up business under very peculiar circustances. Vice President Stevenson and a party of his personal friends will leave Chicago by the Santa Fe railway Monday night, the 10th inst., for a tour of the Pacific coast and Puget sound country. The Illinois board of health has chosen Dr. William E. Quine, of Chicago, president, and Dr. F. W. Scott of Evanston, secretary. The Missouri judges who refused to execute the law in the cases against Missouri counties which repudiated their debts have been released pending a vote to decide whether said counties will pay 50 per cent.

12. July 13, 1893 Echo De L'ouest Minneapolis, MN
Article from Echo De L'ouest, July 13, 1893

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e Faillites de Banques et autres depuis quelques jours -Edw. J. Binford de Denver,Col., a fait faillite. Passif 218,000 dollars. L. Banque of Lesueur, de Le sueur, Minn., a ferme 8°B portes. Passif 225,000 dollars. La Albuquerque National Bank d'Albuquerque, N. M, a suspendu ses paiements. L'American National Bank de Puibla, Col., a déposé son bilan. Fermée est la Puget Sound Na tional Bank de Everett, Wash. La National Bank of Ashland, Neb., a fait faillite, ainsi que la First National Bank de Winston, N. C. M. Ward banquier de Forestville N, Y. g'est suicidé et il parait que le déposants ne verront ja mais grand chose de leurs 100,000 dollars. La Northern National BaLk de Big Rapids, Mich, a fermé ses portes. La Lloyd's National Bank de Jamestown N. D. a suspendu ses paiements. La "Normania Society" de Min neapolis a fait faillite. Passif 75,000 dollars. John L. Davie, banquier d'Auburn, Ill la Thorton Banking House de Shelleyville, Ill., et la Holt county of O'Neil, Nebraska ont fait faillite. Insolvables sont: L'Arkansas State Bank de Stuttgard. La Farmers et Traders Bank de De Wett, Ark. La Chamberlin Investement Co. de Denver, Col. A. Y. Davidson et Co. banquiers de Philadelphie, Pa. La State Bank de Shurbert Neb. La North Galveston Loan et Investement Association de Galveston Texas. La Kangas City Safe Deposit et Trust Co. de Kansas City, Mo., au capital de 300,000 dollare. Passif 1,700,000 doliars.

13. July 13, 1893 The Middleburgh Post Middleburg, PA
Article from The Middleburgh Post, July 13, 1893

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LATE TELEGRAPHIC JOTTINGS BOTH FROM HOME AND ABROAD. What is Going On the World Over. Important Events Briefly Chronicled. Financial and Commercial. BALTIMORE, Mo.-The individual banks of this city and the Clearing House association have refused to longer assume responsbility for checks, etc., deposited with them antil after collection has been made by them. The First National Bank of San Diego, Cal., which suspended a month ago, has reumed. ALBEQUERQUE, N. M.-The albequerque National Ban's suspended and the New Mexico Savings Bank and Trust Company, an adjunct, also closed. GOLDEN. Coto.-The Jefferson County bank in this city has made an assignment. PHILLIPSHURG, MONT.-The First National bank closed its doors. Ward's bank of Fosterville, N. Y., has failed. There were $75,000 of deposits. The body of the proprietor was found in the rear of his house. He CO nmitted suicide. WINNIPEG, MAN.-The Commercial bank of Manitoba has been declared insolvent and liquidators have been ap: ointed. The bills of the bank are as good as gold under the Dominion law. The American Loan and trust Company Omaha, Neb., went into the hands of a receiver. The company has a paid up capital of $400,000. The cause of the failure was the failure at Houston, Tex., of the Omaba and Houston Improvement Company The Finley county bank of Garden City, Kas., has failed. The American National bank of Pueblo, Col., was not opened Wednesday morning. Notices on the door stated that the bank will resume as soon as it can secure money on its paper. After the suspension of the American National ban't became known. the Central National and the Western National closed. These are all sound concerns and assets are ample. NEW YORK.-The New Jersey Sheep and Wool Company and the Gausevort Market Sheep Company failed Thursday morning. It is feared the failures will affect many small concerns. The liabilities will exceed $500,000. OMAHA. NEB.--The National bank of Ashand clo ed its doors. The closing of the American Saving Bank of this city are supposed to be the cause of the failure. NEW YORK.-A run started on the Jefferon County Savings bank. Governor Flower was present and in a speech gave assurance that the bank was entirely safe. The speech bad an excellent effect. OMAHA, NEB-The American savings bank suspended with deposits of $153,000 and assets of $259,000.

14. July 13, 1893 The Farmers' Union Memphis, MO
Article from The Farmers' Union, July 13, 1893

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FINANCIAL AND INDUSTRIAL --The Omaha and South Texas Company. which built manufacturing suburb to Houston, Texas, has assigned with liabilities of $400,000. -Three of the six national banks of Pueblo, Colo., closed their doors They were the American National. Western National, and Central National. - -THE Wellston (Ohio) Furnace Company. owned principally by Forsythe, Hyde & Co., of Chicago. has been placed in the hands of a receiver. -A receiver has been appointed for the American Loan and Trust Company at Omaha. The concern was interested in the Omaha and Houston Improvement Company. which failed at Houston, Texas. The American Savings Bank, controlled by the trust company. has been placed in the hands of the State Bank Examiner.

15. July 13, 1893 Barton County Democrat Great Bend, KS
Article from Barton County Democrat, July 13, 1893

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THE CRISIS AT PUEBLO. The Panic Was Slow Getting There, but It Came at Last. PUEBLO, Col., July The bank panic did not reach Pueblo until yesterday. But then it came with a vengeance. A week or more past large withdrawals have been made from the banks almost daily, and the American National, when it opened for business, found a large number of depositors waiting to take out their money. The crowd continued to grow and it soon became evident that with the ready cash on hand they could not hold out much longer, and about 10 o'elock the doors were closed. The notice posted stated that the bank would commence business soon again and that the assets were $1,250,000 and the liabilities $650,000. Runs had already commenced on both the Western National, of which V. L. Graham is president, and the First National, H. D. Thatcher, president. The Western closed its doors before noon. They have deposits of over $1,000,000 and have always been considered very strong. The Central National, of which Delos L. Holden is president, closed at noon. This bank does a light business, but withdrawals of deposits had been so heavy of late that they could not stand any further run, and they thought it best to close. Their assets are about $170,000 and liabilities $70,000.

16. July 14, 1893 The State Herald Holyoke, CO
Article from The State Herald, July 14, 1893

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A special D & R. G. train, conveying $100,000 in currency for the relief of the Pueblo banks, made the run from Burnham to 8th street in Pueblo, on Thursday, in 2 hours and thirty-six minutes. The distance is 116 miles and includes a climb of 2,000 feet. This breaks the record of Colorado railroads. Several minutes were consumed in necessary stoppages, so that the actual running time was only about two hours and twenty minutes, an average of nearly 50 miles an hour. —Rocky Mountain Herald

17. July 15, 1893 Chicago Eagle Chicago, IL
Article from Chicago Eagle, July 15, 1893

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NATIONAL BANKS COLLAPSE. Five More Placed in Charge of Examiners -Other Business Troubles. Five national banks failed Thursday, as reported to Comptroller Eckels. They were; The American National Bank of Pueblo, Col. : the Central National Bank of Pueblo, Col.: the Puget Sound National Bank of Everett, Wash.: the National Bank of Ashland, Ashland, Neb.; and the First National Bank of Winston, N. Y. Comptroller Eckels has directed Examiner Brown to assume charge of the two failed banks at Pueblo, Examiner Hovine of the failed Ashland bank. Examiner Cleary of the failed Everett Bank. and Examiner Carskadon of the failed Winston Bank At Omaha. the American Savings Bank suspended. with deposits of $153,000 and assets of $259,000. It was involved by the embarrassment of the American Loan and Trust Company, through the latter's enterprise, the Omaha and South Texas Land Company. L. C. Lock & Co., merchants of Alma. Ark., have been closed up on attachments aggregating $20.000. Receivers were appointed for the Northwestern Hardware Company. an Illinois corporation. with offices in Philadelphia

18. August 5, 1893 The Bessemer Indicator Pueblo, Bessemer, CO
Article from The Bessemer Indicator, August 5, 1893

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About the Banks. Examiner Brown says that the three suspended banks of Pueblo are getting in good shape but that he would like to see depositors coming in faster and sign the agreements of the Western and Central giving an extension of time. He is a strong believer in the plan and urges its adoption. Mr. Brown declares that the depositors and stockholders in all the suspended banks will be paid out in full. The American is making collections and will open without making a general call for extension of time. It is evident that the best thing depositors in the Western and Central can do is to sign the agreement and let the banks get on their feet. Cashier Saxton states that the Western has no idea of taking advantage of all the time asked but will pay off depositors as rapidly as possible. The sooner the banks begin business the sooner times will begin to mend.

19. August 20, 1893 The Herald Los Angeles, CA
Article from The Herald, August 20, 1893

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Pueblo Banks Resuming. PUEBLO, Colo., Aug. 19.-Bank Examiner J. Sam Brown today gave permission to the Central National bank which suspended July 15th to resume business Monday morning. The American and Western National banks which suspended the same day have received permission from Comptroller Eckles to resume and are rapidly complying with the conditions required.

20. August 21, 1893 The Sun New York, NY
Article from The Sun, August 21, 1893

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Banks to Reopen. PUEBLO. Col. Aug. 19.-Bank Examiner J. Samuel Brown to-day gave permission to the Central National Bank. which suspended on July 15. to resume business Monday morning. The American and Western National Banks. which suspended the same day. have received permission from Comptroller Eckels to resume, and are complying with the conditions required. DUBUQUE. Aug. 19. - Bank Examiner McHugh took charge of the First National Bank this morning. and to-night said the bank is solvent. He sees no reason why it should not resume in a few days.

21. August 24, 1893 New-York Tribune New York, NY
Article from New-York Tribune, August 24, 1893

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posed upon It by the Controller of the Currency, and its capital stock being unimpaired, (was to-day permitted to reopen its doors for business. The American National Bank of Pueblo, Col., and the Waupaca County National Bank of Waupaca, Wis., which suspended payment on July 5 and August 2 respectively, have also been authorized to resume business. The former will resume on Monday, September 4, and the latter on Monday, August 28.

22. August 31, 1893 River Falls Journal River Falls, WI
Article from River Falls Journal, August 31, 1893

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WEST AND SOUTH. J. T. KNAPP & Co.'s private bank at Cedar Falls, Ia., closed its doors. MILLERS and elevator men in Minneapolis in order to move the wheat crop have decided to use checks and due bills. THE directory for the current year gives the city of Cleveland a population of 296,021, a gain of 12,274 over the previous year. FLAMES swept away the business portion of Winlock, Wash. THE Masonic hotel at Harvey, Ill., was burned, the loss being $100,000, with no insurance. The hotel was filled with visitors to the world's fair. BANKS that suspended recently have resumed business as follows: Fourth national at Louisville, Ky., American national at Pueblo, Col., County national at Waupaca, Wis., and Mercantile state bank at Denver, Col. THE Nebraska republicans will hold their convention at Lincoln October 5. IN Galesburg, Ill.,- Benjamin Churchill, a veteran of the war of 1812, died at the age of 102 years. THE democrats of Iowa in convention at Des Moines renominated Horace Boies for governor and S. L. Bestow for lieutenant governor, and nominated John Cleggett for supreme judge, J. B. Knoepfler for state superintendent of schools and Thomas Bowman for railroad commissioner. The platform declares for the repeal of both the McKinley and Sherman laws, demands a license-tax law, calls for economy in the expenditure of public money and opposes monopolies. IN Ham Brothers' store at Scottsville, Ky., the safe was blown open by burglars and $10,000 in cash taken. THE death of R. L. Woolen, well known throughout the west as "Uncle Dick," occurred at Trinidad, Col., in his 80th year. He was the greatest pioneer in America and the oldest Indian fighter in the wor)

23. September 14, 1893 Warren Sheaf Warren, MN
Article from Warren Sheaf, September 14, 1893

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WEST AND SOUTH. ROBERT LITTLE and Marion Weaver were killed in a railway collision ,at Rarden, o., and George Glascow was fatally injured. IN convention at Des Moines the Iowa populists nominated J. M. Joseph, of Creston, for governor; E. A. Ott, of Des Moines, for lieutenant governor; A. W. C. Weeks, of Winterset, for supreme judge, and Mrs. E. J. Woodrow, of Marshalltown, for school superintendent. The platform demands free coinage of silver, the abolition of trusts, denounces attacks on pensioners, and favors the taxation of mortgages and the present state prohibition law. JOHN H. Boyd and wife were killed by an explosion of a boiler at Hart's Creek, W. Va. THE time for a mile on a bicycle, flying start, was lowered 1 3-5 seconds at Columbus, o., by John S. Johnson, of Syracuse, N. Y. Johnson's time was 2:07 1-5. AT Smithwyn, S. D., Marshall Bosworth, a farmer, poisoned his wife, three children and himselt with strychnine. No motive was known. IN an explosion at Shelburn, Ind., thirteen miners were injured, five of them fatally A CIRCUS train was wrecked a mile from Grass Valley, Cal., and Andrew Hirst and Henry Jones were killed and six other men were injured. BUSINESS was resumed by the American national bank of Pueblo, Col., and banks at Omaha, Neb., and Mankato, Minn. THE report of Adjt. Gen. Gray at the Grand Army encampment at Indianapolis showed that the order had gained 56,363 members during the year, and lost by death, discharge and suspension 59,025, The total membership in good standing is 307,223. During the year the order disbursed $297,000 in charity. John G. Adams, of Lynn, Mass., was elected commander in chief for the ensuing year and the encampment next year will be held at Pittsburgh. IN Kalamazoo, Mich., Mrs. Sarah Wilson celebrated her 102d birthday at the home of her daughter, Mrs. William Skinner. W. F. CROW and his son Clinton and J. B. Burke were killed in a quarrel at Rocky Comfort, Ark., over a corn cob pipe. CHARLES ALLEN'S house was destroyed by fire at Gladwin City, Mich., and Allen perished in the flames while trying to secure $1,000 in money hidden in the building. THE last of the pensioners of the war of 1812 at the Chicago agency, Benjamin Churchill, died in Galesburg, III, aged nearly 100 years. THE world's bicycle champion, A. A. Zimmerman, went a mile at Springfield, O., in 2:05. 3-5 breaking his previous record.

24. September 16, 1893 The Cape Girardeau Democrat Cape Girardeau, MO
Article from The Cape Girardeau Democrat, September 16, 1893

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WEST AND SOUTH. BUSINESS was resumed by the American national bank of Pueblo, Col., and banks at Omaha, Neb., and Mankato, Minn. THE report of Adjt. Gen. Gray at the Grand Army encampment at Indianapolis showed that the order had gained 56,363 members during the year, and lost by death, discharge and suspension 59,025, The total membership in good standing is 307,223. During the year the order disbursed $297,000 in charity. John G. Adams, of Lynn, Mass., was elected commander in chief for the ensuing year and the encampment next year will be held at Pittsburgh. IN Kalamazoo, Mich., Mrs. Sarah Wilson celebrated her 102d birthday at the home of her daughter, Mrs. William Skinner. W. F. CROW and his son Clinton and J. B. Burke were killed in a quarrel at Rocky Comfort, Ark., over a corn cob pipe. CHARLES ALLEN'S house was destroyed by fire at Gladwin City, Mich., and Allen perished in the flames while trying to secure $1,000 in money hidden in the building. THE last of the pensioners of the war of 1812 at the Chicago agency. Benjamin Churchi1, died in Galesburg. III., aged nearly 100 years. THE world's bicycle champion, A. A. Zimmerman, went a mile at Springfield, O., in 2:05. 3-5 breaking his previons record. FIRE nearly wiped out the business portion of White Cottage, O. THE failure was announced of H. Hellman, dealer in general merchandise at Kyle, Tex., for $100,000. THE arrangements have been made for opening a spiritualistic college at Liberal, Mo., the first school of its kind ever founded in the world. IT was said that 20,000 persons in the track of the recent hurricane in the south were in danger of starvation. A CYCLONE at Lockport, La., killed six persons, seriously injured several others and left the town a mass of ruins.