4258. Central Trust & Savings Bank (Chicago, IL)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
savings bank
Start Date
March 3, 1896
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini
Short Digest
ae58a0ea

Response Measures

Accommodated withdrawals

Description

Contemporary accounts state depositors withdrew heavily over ~3 months (70% withdrawn) and the bank 'failed' and assigned on Mar 3, 1896; Atlas National's refusal to make clearances is cited as the immediate cause. Assignment to Chicago Title and Trust company indicates permanent closure/receiver. Recent deposits were held in a special fund and to be returned to depositors.

Events (2)
1. March 3, 1896 Receivership
Newspaper Excerpt
The Chicago Title and Trust company was appointed assignee and before the close of banking hours had possession of all the assets. The highest figure put upon the liabilities by the officials of the bank is $125,000.
Source
newspapers
2. March 3, 1896 Run
Cause
Correspondent
Cause Details
Immediate trigger was refusal of Atlas National Bank to make clearances for Central Trust & Savings, precipitating heavy withdrawals that had been occurring after a receivership suit by stockholders.
Measures
All deposits made within the last two days were kept in a special fund and will be returned to the depositors.
Newspaper Excerpt
From that time depositors began to withdraw their accounts, until 70 per cent of the deposits were withdrawn.
Source
newspapers

Newspaper Articles (13)
1. March 4, 1896 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, March 4, 1896

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DEPOSITORS DID THE BUSINESS Slow but Sure Withdaawal Wrecks a Chicago Banking Institution. Chicago, Ill., March 3.-The Central Trust and Savings bank, at 119 La Salle street, failed today. The Chicago Title and Trust company was appointed assignee and before the close of banking hours had possession of all the assets. The highest figure put upon the liabilities by the officials of the bank is $125,000. The assets are said to be $350,000 or $400,000, taking into consideration the value of the building in which the bank is located, and it is said that all the depositors will be paid in full. Three months ago a bill was filed in the superior court by dissatisfied stockholders asking for the appointment of a receiver and the allegation was made that the bank was insolvent. From that time depositors began to withdarw their accounts, until 70 per cent of the deposits were withdrawn. All the de. posits made within the last two days have been kept in a special fund and will be returned to the depositors.

2. March 4, 1896 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, March 4, 1896

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COMPELLED TO ASSIGN. Central Trust and Savings Bank, of Chicago, Fails. CHICAGO, March 3.-The Central Trust and Savings bank, at No. 119 La Salle street, failed today. The Chicago Title and Trust company was appointed assignee, and before the close of banking hours had control of all the assets. The highest figure put upon the liabilities by the officials of the bank is $125,000, and it is said that $30,000 of this will be disputed. The assets are said to be $350,000 or $400,000, taking into consideration the value of the building in which the bank is located. and it is said that all the depositors will be paid in full. Three months ago a bill was filed in the superior court by dissatisfied stockholders asking for the appointment of a receiver, and the allegation was then made that the bank was insolvent. From that time depositors began to withdraw their accounts, and the bank paid out money as it was demanded. It was stated today that in three months 70 per cent of the deposits were withdrawn until the amount due depositors was said to be from $50,000 to $60,000. For some time the bank has been conducting a losing business, but the immediate cause of the failure was the refusal of the Atlas National bank to make clearances for the Central Trust bank. Early this morning the Atlas sent a notice to W. A. Paulsen, the president of the Central Trust and Savings bank, that his bank had not sufficient funds to make the clearances of the day, and the clearances would not be made. All the deposits made within the last two days have been kept in a special fund, and will be returned to depositors.

3. March 5, 1896 The Austin Weekly Statesman Austin, TX
Article from The Austin Weekly Statesman, March 5, 1896

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Price's Cream Baking Powder excels all others. A single trial insures use. BANK FAILURE. Chicago, March 3.-The Central Trust and Savings bank failed today, the Chicago Title and Trust company being appointed assignee. Liabilities about $125,000; assets said to be about $300,000 or $400,000. It is said that the depositors will be paid in full. The failure was caused by a receivership proceeding begun by a stockholder three months ago. the bride, attended the wedding. Mr. W. J. Daugherty, manager of the Manor ginnery, is absent at Waco where he is to be married to Miss Lessing of that place. His many friends send congratulations. Dr. D. B. Fields is attending the ceremony. Our people generally speak commendably of the new enterprise, the Travis County Democrat, and from the encouragment its patrons are meeting with they should make it a good newspaper. The Statesman correspondent believes it will be one of great benefit to our town and community.

4. March 7, 1896 The Diamond Drill Crystal Falls, MI
Article from The Diamond Drill, March 7, 1896

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now 75 years old, began his matrimonial career March 24, 1876. The Eck Lumber company of Toledo, O., doing an extensive business in Ohio, Indiana and Michigan, failed for $100,000. Thomas Jones, a widower with five children, angered because Mrs. Annie Muzz, of Denver, would not marry him. shot her fatally and killed himself. A beavy rain caused floods in portions of New England, the losses being estimated at $2,000,000. The slaughter house and packing eatablishment of Hasley & Reef was burned at Ogden, Utah, the loss being $100,000. Editor McBride, whose office at Mitchell, S. D., was wrecked by citizens, has commenced suit against 48 residents of Mitchell, damages being placed at $25,000. The Baltimore & Ohio Railroad company, one of the oldest and most extensive transportation systems in the United States, went into the hands of receivers. Paul Frances and Gilbert Frances were taken from jail at Convent. La., and lynehed by a mob for attempting to rob a store. Ballington Booth was said to be making plans for an independent American Salvation Army, of which he and his wife will be the leaders. Thomas and James Casey, brothers, aged 33 and 28 years, were killed by a premature blast in the lead mines at Adams, Wis. Melville Kennedy (colored) was lynched by a mob at Windsor, S. C., for alleged assault on a young woman. Michael Kraemer shot and killed his mother in Long Is'and City. N. Y., and then killed himself. No cause was known. A freshet in the Hudson river at Al bany, Troy, and other river cities was the worst known in 25 years, and great damage was done. The United States supreme court decided the Stanford case, involving over $15,000,000, in favor of Mrs. Stanford. Justice Harlan delivered the opinion. /He held that individual stockholders were not liable for the government debt of the Central Pacific Railway company. Three little children of Theodore Rose were burned to death in their home in Bedford, Mich., during the absence of their parents. Stultz & Bauer's piano factory in New York was burned, the loss being $100. 000. The G. W. Van Duzen & Co. elevator at Minneapolis was burned, entailing a loss on the structure of $200,000 and $600,000 on the stored wheat. In San Prancisco there was a fall of snow for the first time in ten years. The public debt statement issued on the 2d showed that the debt increased $15,978,764 during the month of February. The cash balance in the treasury was $162,707,006. The total debt, less the cash balance in the treasury. amounts to $806,317,995. The ice in the Hudson river went out. it being the earliest break-up in 123 years. The government receipts for the month of February were in round fig ures $26,000,000 and expenditures $25,000,000. The deficit for the fiscal year to date is about $18,750,000. The legislature of Virginia completed its work and adjourned sine die. Further advices say that the freshet throughout New England did damage to the extent of over $10.000,000 and over a dozen lives were lost. The visible supply of grain in the United States on the 2d was: Wheat, 64,089,000 bushels; corn, 13,038,000 bushels; oats, 7,001,000 bushels; rye 1,507,000 bushels; barley, 1,298,000 bushels. A distinct earthquake shock was felt at Caldwell, Kan. No damage was done. The coinage at the United States mints for February was 4,652,000 pieces of the value of $2,778,180, as follows: Gold, $1,240,000; silver dollars, $1,500,000; minor coin, $38,180. The national bank circulation outstanding March 1 was $217,093,465, an increase during the month of February of $3,685,880. The Genesee flats, the largest apartment building in Utica, N. Y., was burned, the loss being $200,000. Several lives were lost. The disappearance of John Cowan, of the lumber firm of W. G. Cowan & Sous of Pittsburgh, Pa., was said to have disclosed the fact that he was a defaulter to the extent of $100,000. The Central trust and savings bank of Chicago closed its doors with liabili ties of $125,000. Washington advices say that the president and his cabinet undoubtedly are strongly opposed to the present recognition of belligerency of the Cuban insurgents and to any declaration concerning their independence as embodied in recent congressional resolu-

5. December 25, 1896 The Record-Union Sacramento, CA
Article from The Record-Union, December 25, 1896

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CHICAGO FINANCIAL SITUATION. HAS AGAIN RESUMED ITS NORMAL CONDITION. Another Small Banking Institution Fails, But is Not Expected to Have Much Effect. CHICAGO, Dec. 24.-The local financial situation resumed its normal condition to-day, except for the assignment of the Calumet State Bank, a small institution at Blue Island, outside the city, which is not expected to have more than a local effect. Heavy withdrawals drained the working resources of the bank, an indirect result of the financial crash in this city. Only a few more depositors than usual were at the Hibernian and Illinois Trust and Savings Banks, confidence having apparently been restored. Directors Adams, Jenkins, Corwith. Kerfoot and Page of the defunct National Bank of Illinois made an informal call on Temporary Receiver McKeon at the bank to-day, and also conferred with each other in an informal manner. as all the directors were not present. They urged Mr. McKeon to make a very careful accounting of the Calumet Electric road bonds held by the bank. These direcors went to the bank in their caparcity of creditors. They were anxious to see the best interests of the bank subserved, and wished to know exactly what the bonds were worth as assets. The directors talked among themselves as to the best plan to facilitate the Calumet road, and thereby realize enough to pay in full the depositors of the defunct institution. They said that was their only aim now, and that there was no doubt that all but the stockholders would get dollar for dollar due. The stockholders do not expect so much. On account of the large part which the Calumet securities play in the bank's assets, Director George E. Adams and Comptroller Eckels should be careful to appoint as permanent receiver a man who would inspire confidence and be above suspicion of being interested in depreciating the value of the Calumet securities. There is a sharp contest for the receivership, one of the candidates being ex-Mayor John P. Hopkins. W. A. Paulsen, who was President of the defunct Central Trust and Savings Bank, began suit to-day in the Superior Court against President Grannis, Director Charles B. Farwell, ex-United States Senator, and the Atlas National Bank, claiming $250,000 damages. Paulsen alleges that his bank was forced to close because the Atlas refused to clear for him, well knowing he was solvent at the time, which was said to have been done in revenge for Paulsen's refusal to use the bank's funds to pay a personal note of $30,000 in favor of the Atlas Bank. Paul.sen says he lost the sale of his bank stock for $90,000 because of this action, as the deal was going through when the bank was forced to close. The stock is now worthless. The Atlas Bank is said to have conceded that the $30,000 note cannot be collected from the Central Bank, and the damage suit followed.

6. December 25, 1896 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, December 25, 1896

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Chicago, Dec. 24.-The local financial situation resumed its normal condition today except for the assignment of the Calumet State bank, a small institution at Blue Island, outside the city, which is not expected to have more than a local effect. Heavy withdrawals drained the working resources of the bank, an indirect result of the financial crush in this city. Only a few more depositors than usual were at the Hibernian and Illinois Trust and Savings banks to withdraw their savings, and complete confidence may be said to have been restored on the part of the public, SO far as it can be gauged by outward signs. Directors Adams, Jenkins, Corwith, Kerfiot and Page of the defunct National Bank of Illinois made an informal call on Temporary Receicer McKeon at the bank today, and also conferred with each other in an informal manner, as all the directors were not present. They urged Mr. McKeon to make a very careful accounting of the Calumet railroad bonds held by the bank. These directors went to the bank in their capacity of creditors. They are anxious to see the best interests of the bank subserved and wished to know exactly what the bonds were worth as assets. Directors. talked among themselves as to the best plan to facilitate the sale of the Calumet railroad and thereby realize enough to pay in full the depositors of the defunct institution. They said that was their only aim now, and that there was no doubt that all but the stockholders would get dollar for dollar due. The stockhold ers do not expect SO much. On account of the large part which the Calumet securities play in the bank's assets, Director George E. Adams and Comptroller Eckels should be careful to appoint as permanent receiver a man who would inspire confidence and be above suspicion of being interested in depreciating the value of the Calumet securities. There is a sharp contest for the receivership, one of the candidates being ex-Mayor John P. Hopkins. Edward H. Valentine, a capitalist, who was a director of the collapsed bank, said today that he resigned from the directory about a year ago, because he would not approve the additional loan of $900,000 on Calumet bonds, which was carried on the bank books as "foreign exchange." He declared that every director was cognizant of all the bank's dealings in Calumet. Director Jenkins, when asked if there would be any prosecutions in connection with the wreck, said: "No, not at present." Otto Wasmansdorff of the defunct private banking firm, and son-in-law of President Schneider of the National Bank of Illinois, has mortgaged his household goods for $500, and the mortgage was recorded this morning. W. A. Paulson, who was president of the defunct Central Trust & Savings bank, began suit today in the superior court against President W. C. D. Grannis, Director Charles B. Farwell, exUnited States senator, and the Atlas amNational bank, claiming $250,000 ages. Paulson alleges that his bank was forced to close because the Atlas refused to clear for him, well knowing he was solvent at the time, which was said to have been done in revenge for Paulson's refusal to use the bank's funds to pay a personal note of $3,000 in favor of the Atlas bank. Paulson says he lost the sale of his bank stock for $90,000 because of this action, as the deal was going through when the bank was forced to close. The stock is now worthless. The Atlas bank is said to have conceded that the $3,000 note cannot be collected from the Central bank, and the damage suit followed. Chicago, Dec. 24.-William D. Kerfoot, George Adams, William R. Page and Charles R. Corwith, directors of the collapsed National Bank of Illi-

7. December 28, 1896 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, December 28, 1896

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The report was as follows: RESOURCES. Loans and discounts $1,941,742 50 Overdrafts 7,620 49 United States and other bonds 59,884 00 Premium on bonds 3,355 00 75,177 $1 Real estate, furniture and fixtures 22,730 00 Redemption fund 820,634 52 Cash and sight exchange Total $2,892,063 39 LIABILITIES. $ 700,000 00 Capital stock 140,000 CO Suiplus fund 49,031 23 Undivided profits Circulation 42,620 00 100,000 00 Bills payable 1,860,412 16 Deposits Total $2,892,063 39 CAUSE OF THE FAILURE. CHICAGO, Dec. 28.-The Atlas National bank which went out of business was involved in the failure of the Medowcroft Brothers and the Cen. tral trust and Savings bank, which assigned a year ago, cleared through the Atlas. The collateral of the defunct bank had on deposit to secure

8. December 28, 1896 San Antonio Daily Light San Antonio, TX
Article from San Antonio Daily Light, December 28, 1896

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ABOUT THE ATLAS BANK. Chicago, Dec. 28.-The Atlas National bank, which went out of business today, was involved in the failure of Meadow-Croft Brothers and the Central Trust and Savings bank, which assigned a year ago, cleared through the Atlas. The collateral which the defunct bank had on deposit to secure its clearances, was said to be ample, however, and at the time Mr. Gaunnis made the statement that the Atlas National bank would not lose through the failure. Chicago, Dec. 28.-As a direct result of the retirement of the Atlas National bank the Dime Savings bank temporarily suspended payment this morning. The directors of the Dime Savings bank are practically the same as those of the Atlas. Washington. Dec. 28.-Comptroller Eckles said today that the closing of the Atlas National bank, Chicago, was a voluntary affair and that from information he had received indicated all the bank's creditors would receive payment in full.

9. December 31, 1896 The Times Richmond, VA
Article from The Times, December 31, 1896

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Another Minneapolis Bank Closes-Condition of Other Institutions. MINNEAPOLIS, MINN., Dec. 30.-The Bankers' Exchange Bank went into the hands of Bank Examiner Kenyon this morning. Depositors have drawn out about $35,000 the past few days, and President Field concluded to close, though he had in the vaults nearly 30 per cent. of all the money en deposit The bank is less than a year old, having been incorporated last year. Its loans and discounts are $68,000; its capital $30,000, and its deposits are about $40,000. Depositors will be paid in full, and a fair sum will be left for stockholders George Maxwell, vice president of the Northern Trust Company, made application this morning for a receiver of the company. A. R. McGill ex-Governor of Minnesota, is the president of the or ganization. The following statement was issued by the company "This company has for some time been seeking to realize upon its loans and securities, and has until now been able to maintain itself without difficulty, but the depressed condition of finances is such that it has been unable to realize as it had hoped, and the suspension within two or three days of some of the banks of the city, in which was deposited some of its available funds, has somewhat embarrassed it in the transaction of its business, Independent of its assets, the company has a list of responsible stock holders, who are abundantly able to make good any deficiency that may result from depreciation in value of its assets, so that the creditors of the company need have no apprehension as to the ultimate results, their claims will all be paid in full, even if the company is not permitted to immediately resume, as is now hoped. The liabilities of the company are about $500,000. Judge Jamison issued a restraining or der. returnable at 10 o'clock to-morrow morning. Judge Belden signed an order this morning appointing Judge A. Ueland receiver of the Washington Bank under a bond of $200,000 The petition recites that the bank has $27.77 more liabilities than assets. Deputy Comptroller Coffin is still in charge of the Columbia National Bank awaiting the arrival of Bank Examiner Cooke The Farmers and Mechanics Bank issued a notice this morning requiring all depositors to give sixty days notice before being permitted to draw deposits. The bank issued a statement saying it had $800,000 in its vaults. The ClearingHouse Association held a meeting and resolved to stand by all of the ten banks which are members of the organization. There was a heavy run on the St. Anthony Fall Bank of this city this forenoon. All demands were paid, and the excitement quieted down. CHICAGO Dec. A. Paulsen, who was the principal owner of the failed Central Trust and Savings Bank filed a bill in the Circuit Court to-day to restrain the Atlas National Bank from disposing of a note for $30,000 made by him to the bank and to restrain President Grannis and Charles B. Farwell, a director and x-United States senator, from disposing of their own property, so that Paulsen cannot collect any of the damages he may be awarded at the trial of his suit for $250,000 against the bank Grannis and Farwell in connection with the $30,000 note and the closing of Paulsen's bank by the failure of the Atlas to clear for it. In his bill Paulsen sets up the liquida. tion of the Atlas Bank now in progress and states his belief. that. notwithstanding all the depositors are being paid in full. it is hopelessly insolvent and will not pay its depositors from its own funds He also alleges that the Atlas Bank still holds him as endorser on the $30,000 note although the courts have held it to be fraudulent. and also unlawfully withholds $40,000 of collateral bonds belonging to him APPLETON WIS. Dec. 0.-John S Van Nortwick to-day made an individual assignment of his Fox river interests naming Postmester John M. Bear of this city, as receiver the latter giving bonds for $250,000. The principal property included in this assignment are the plants of the Combined Locks Paper Company, the Appleton Pulp and Paper Company, Union Paper Company at Kaukauna Wis.: Fibre Company at Monoca: 740 shares in the Green Bay and Mississippi Canal Company the face value of which is $740,000. and miner interests, including his residence in this city. DALLAS TEXAS. Dec. 30.-Telegrams to commercial agencies at Dallas announce the failure of A.A. Bahn feweler at Austin Texas Liabilities $30,000: assets. $10,000 Eastern creditors are caught for only $5,000. Three Austin banks are owed $10,000. PARKERSBURG W. VA., Dec. 30.-Isaac Prager & Sons, extensive retail dry-goods dealers, made an assignment yesterday. Assets and liabilities are estimated at $100,000. MONTGOMERY, ALA., Dec. -The Commercial Bank of Selma failed to open its doors for business to-day. instead a notice was posted stating that the Board of Directors had decided to make an assignment The cause of this action was the heavy run made on the bank in the last few days. The bank was a heavy debtor to New York banks, among them the Chemical, American Exchange Nattobal City, Third National of Montreal, and National Bank of the Republic, and they sent an attorney some days ago to investigate its condition. The knowledge of the attorney's presence had a great deal to do with the run. The Board of Directors arrived at the conclusion to assign after a long and continued session lasting until after midnight last night. The officers of the bank are. R. M. Nelson, president: Geo. A. Wilkins, vice-president; A. E. Baker, cashier. The patrons of the bank have cont. dence that it will soon resume business and are signing an agreement to withdraw their deposits. one-third in three months. one-third in six months, and one-third in nine months. There is no public statement as yet of assets and liabilities. The business men are hopeful that the failure will not be detrimental to their interests. HORRIBLE BRUTALITY

10. December 31, 1896 The Austin Weekly Statesman Austin, TX
Article from The Austin Weekly Statesman, December 31, 1896

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BATCH OF BANK TROUBLES. THERE ARE SPOTS WHERE THE WAVE OF PROSPERITY DOES NOT SPLASH. VOLUNTARY LIQUIDATION AT CHICAGO Of the Atlas Bank-Dime Savings Bank Suspends Payment for Self-Protection-Minneapolis Bank Suspends. Wisconsin Bank Failure. Chicago, Dec. 28.-The Atlas National bank, which went out of business today, was involved in the failure of the Meadoweroft Brothers and the Central Trust and Savings bank, which assigned a year ago, cleared through the Atlas. The collateral which the defunct bank had on deposit to secure its clearances was said to be ample, and at the time Mr. Grannis made the statement that the Atlas National bank would not lose through the failure. W. A. Paulsen, who was president of the Central Trust and Savings bank, recently brought suit for $250,000 against the Atlas National bank, W. C. D. Grannis and Charles F. Farwell. The suit is based upon the trouble which Mr. Paulsen had with the bank at the time of the failure of the Central Trust and Savings concern. Mr. Paulsen alleges that although his bank had deposited in the Atlas National bank collateral sufficient to cover all claim against it, clearing facilities were refused and the bank was forced to assign. Partly as a result of the failure of the National Bank of Illinois last week, the Atlas National bank began paying off its depositors today, thus marking the first step in the retirement of that institution from business. No deposits were received and as fast as accounts were checked up depositors were paid in full and their books taken up. The Atlas suffered heavily from the runs occasioned by the closing of the National Bank of Illinois, deposits aggregating $900,000 having been withdrawn last week. This and the fact of a gradual shrinkage of deposits extending over a long period of time brought the resources of the institution down to a low figure and it was decided to retire from business. The clearing house committee, at the request of the officers of the bank, made an investigation of its account with a view to allowing the doors to close without loss to the public, and the bank was found to be solvent. To expedite liquidation, so far as the creditors are concerned, the committee pledged the aid of the

11. December 31, 1896 New-York Tribune New York, NY
Article from New-York Tribune, December 31, 1896

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EXCITEMENT OVER IN CHICAGO. Chicago, Dec. 30.-At the Atlas National Bank and the National Bank of Illinois affairs have dropped into a rut, and are running along without particular incident. Over $100,000 was paid out to depositors at the former bank yesterday or through the National Bank of America on its account. It is now evident that the accounts of depositors cannot be closed by the end of the year, as many people who would have rushed to the bank. were it reported to be in danger of failing. are now extremely slow in drawing out their funds. At the Dime Savings Bank there was scarcely a ripple of excitement all day, and Its affairs appeared to have settled down to the ordinary plane. There were fewer rumors around town and the financtal sky cleared materially. The Van Nortwick collapse had no disturbing influence on the local situation. W. A. Paulsen, who was the principal owner of the failed Central Trust and Savings Bank, filed a bill in the Circuit Court 10-day to restrain the Atlas National Bank from disposing of a note for $30,000 made by him to the bank, and to restrain President Grannis and Charles B. Farwell, a director and exUnited States Senator, from disposing of their own property so that Paulsen cannot collect any of the damages he may be awarded at the trial of his suit for $250,000 against the bank. Grannis and Farwell in connection with the note, and the closing of Paulsen's bank by the failure of the Atlas to clear for it.

12. January 7, 1897 Mexico Weekly Ledger Mexico, MO
Article from Mexico Weekly Ledger, January 7, 1897

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CHRONOLOGICAL Brief Notes of the More Important Happenings of 1896 THE YEAR AT HOME AND ABROAD. Financial and Industrial Interests Note ble Disasters of Various Kinds Crimes and Lynchings-ThePolitical Arena Sportsman's Column. BUSINESS FAILURES. BANKS GENERALLY INCLUDING VOLUNTARY SUSPENSIONS. Jan. -Exchange, Greeley Center. Neb. Avenue / savings, Columbus, O Ogalail of Jan Neb Bank Jan Banks at Blue Springs and Stratton, Neb -Bank of Wauneta, Neb City Jan Unneapolis bank, Jan --Irish-American, Minneapolis, Jan -Bank of Commerce, Grand Jan Neb. Island Momence. III., bank of Wilton M. Durham. .Maurice. Ia., State. CitFlemingsburg, Ky. Central Trust and Savings, Chicago. Mich Bank of Frankfort, Maynard Apple Malach River, Kan Commercial Bloomfield and Deposit Minn. Co Banking and Liberty sav Bedford ings, City, tional, Denver, Col., Apr. Grand Forks (N. D.) ational Apr. City savi Hot Springs, Ark. Fairland Bank Union City, Ind Sumner national. Wellingten May K Citizens' Edwardsburg, Mich May Jefferson.' National Bank of New England, Manches ter, Bank of Maroa, T11 June Mo ghton. national, Kan Ind Inburg, of and Bank C Cheney, Winchester, N. June H Mich Lansing, First national, llsboro, O. Omaha Rock Valley, Ia. Denison (O.) deposit Orleans bankers (Mo.) Conkling Bros., Banks Mo. Richards, Aug county Lansing, Mich $800,000 Col. City, Kan. & Son's state bank at Lowe Sioux national, Sloux City, Ia. $900. Sept First national, Beatrice, Neb Sept West bank, Du luth Minn State Loan & Trust Co. bank Ogalalla, Sept. -First national. Helena, Mont Sept Jackson county, Black River Falls, Wis. Mutual national, New Orleans Sept New Commerce Bank of Sep -Bennett national, New What com Midland state, Omaha, Neb. bank Shellsburg $449,000. bank Mapleto (Minn.) bank bank. state Argonia (Kan. (Kan bank Tribune -First national, Mount Pleasant national. Ithaca, Mich N H Duluth, Minn of Bank Buffalo, Bank 's, Atlanta, Ga ) Deposit Mecests Mich., Rapids, Marine national Duluth Minn Harpe (III.) bank national, Sloux City, Ia Sloux First national East Saginaw Mich Dakota national, Sloux Falls, S. Nov. D Nov Davis County Savings associa Mo. Gallatin tion, Tex. bank, Midlothian, national Missouri national, Kansas City Wis. Portage, estport of Bank D Baxter, of Baxter Springs, Kan. county, Tonathan Harlan Dec. Columbian Easter Bank Duluth Minn First national, Niagara, -First national. Holidaysburg, Dec Banks at Martinsburg and Williams ational bank of Illinois at Chi$1,200,000 Chicago of Minnesota, and Union Paul stocky Dec. 23-Bank of Superior, Wis American Banking & Trust Co., Auburn, Dec. 24 -Calumet state bank, Blue Island, n Dec. 26 Security Mortgage & Trust Co. Dallas, Tex.; Atlas ational, Chicago. Dec 28-Bank of Superior Wis Scan dia, Minneapoli McCoy Banking Co. LARGER OMMERCIAL CONCERNS $500,000 ES OF OR OVER. Philadelphia, Solicitors' Loan & Jan. 10-At Philadelphia, Keene, Sutter $4. Co., exporters and importers, At Minneapolis, American SavJan In and Jan. mining Belle of Nelson dis$709,242 -At New York, R &H. Adams, cotgoods ton Columbus, O., Northern Fire I Baltimore & Ohio Railroad Co. Holy oke, Mass., Albion Paper Co $500,000. Mar. 14- St. Paul, Patrick H. Kelly $1,000,000 thant; Peck Conn. Mar of plumbers' Bros. and materials; cinnati, Smith & Nixon, Apr dealers; plano Little Rock, Ark., James E. Detroit, J. L. Hudson & Co. $500,000. May New York, American Trading Akron, O., Ferdinand Schu May president American Cereal Co. St. Louis, United Eleva Cal. Jacob Rich, and Mich.. James T. $500. Buggy Co Aug Bay City Samuel G. M. Gates, Chicago, Moore Bros. dealers In Diamond and New York Biscuit stocks -At Chicago, George W. Hankins: Aug. B1 13-At New York. S. F. Myers Aug & $500,000 jewelers, manufacturing York. Archor & Pan$800,000. coast Alexandria, Ind., Union Steel New York, Hilton, H lughes & City Ia., Whita Terre Haute and Indianapolis Slade and F H Clough Clear woolen mills, Bur$1,000,000 rellville. Malting & Elevate $500.00 Dec. 6-Norton & Co., millers, Chicago $500,000 Dec. 28-W. M & J. 8. Van Nortwick bankers.and manufacturers, at Batavia III.: $2,000,000. CASUALTIES

13. January 8, 1897 Hopkinsville Kentuckian Hopkinsville, KY
Article from Hopkinsville Kentuckian, January 8, 1897

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Financial and Industrial Interests-Notabie Disasters of Various Kinds-Crimes and Lynchings-The Political Arena Sportsman's Column. BUSINESS FAILURES. BANKS GENERALLY - INCLUDING VOL-UNTARY SUSPENSIONS. Jan. II-Exchange, Greeley Center, Neb. Fifth Avenue savings, Columbus, O. Jan 13-Bank of Ogalalia, Neb. Jan. 14-Banks at Blue Springs and Stratton, Neb. Jan. 15-Bank of Wauneta, Neb City bank, Minneapolis. Jan. 16-Irish-American, Minneapolis. Jan. 17-Farmers' national, Portsmouth Jan. 20-Bank of Commerce, Grand Island, Neb. Feb. 6-At Momence, III, bank of Wilton M. Durham Maurice, Ia., State Citizens', Connersville, Ind Feb. 14-Exchange, Flemingsburg, Ky. Feb. 17-McCague savings, Omaha. Mar. 3-Central Trust and Savings, Chicago. Mar. 6-Bank of Frankfort, Mich Malachi Maynard's, Apple River, III. Mar. -Sherman county, Goodland, Kan. Bloomfield (Neb.) State Commercial and Savings, San Jose, Cal. Mar. 27-Midway (Ky.) Deposit. Mar. 30-First national, Morris, Minn. Apr. 4-Farmers', Decatur, III. Apr. 11-Chadron (Neb.) Banking Co. Apr. 16-First national, and Liberty savings, Bedford City, Pa. Apr 22-American national, Denver, Col., $865,231. Apr. 24-Grand Forks (N. D.) national. May 1--City savings. Hot Springs, Ark Bank of Fairland, III. May 7-Citizens', Union City, Ind. May 14-Sumner national, Wellington, Kan. May 19-Citizens', Edwardsburg. Mich. May 26-National, Jefferson, Tex. May 28-Bank of New England, Manchester, N. H. June 2-Bank of Maroa, 111 June 3-Farmers' deposit, Creighton, Mo. June 11-John A. Thompson's bank, Edinburg. Ind First national, Larned, Kan. June 16-First national, and Bank of Cheney, Chency, Wash June 25-Security savings, Winchester, N. H Hinsdale (N. H savings. July 13-People's savings. Lansing, Mich. July 16-First national, Hillsboro, O. July 23-German savings, Omaha. July 27--Farmers' bank, Rock Valley, Ta. July 29-Denison (O.) deposit. Aug. 6-American national, New Orleans Conkling Bros., Nevada (Mo.) bankers Banks at Bronaugh and Richards, Mo. Aug. 7-Lake county, East Chicago, Ind. Ingham county savings, Lansing, Mich. Aug. 11-Security, Duluth, Minn. $800,000 Murray Hill, New York. $500,000. Aug. 12-Bank at National City, Col. Aug. 14-State bank. Peru. III. Aug. 19-Bank of Argentine, Kan. Aug. 21-Bank of Wymore, Neb. Aug. 24-Church & Son's state bank at Lowell, Mich Aug 28-Sloux national. Sloux City, Ia., $900,000. Sept. 1-First national, Beatrice, Neb. Sept. 2--Manufacturers' bank, West Duluth, Minn State Loan & Trust Co. bank. Ogalalla, Neb. Sept. 4-First national, Helena. Mont. Sept. 5-Jackson county. Black River Falls, Wis. Sept. 10-Mutual national, New Orleans. Sept. 11-Bankof Commerce, New Orleans. Sept. 14-Bennett national, New Whatcom, Wash Sept. 16-Midland state, Omaha, Neb. Sept. 17-Shellsburg (Wis.) bank. Sept. 19-National, Troy, N. Y.; $449,000. Sei. t. 22-Pawnee (III.) bank. Sept. 23-Mapleton (Minn.) bank. Sept. 25-Argonia (Kan.) state bank. Sept. 26-Tribune (Kan.) bank. Oct. 5-First national, Mount Pleasant, Mich. Oct. 7-First national, Ithaca, Mich Oct. 10-Security Trust Co., Nashua, N. H. Oct. 12-First national, Eddy, N. M. Oct. 14-Marine national, Duluth, Minn Bank of r Second national, Rockford. III Commerce, Buffalo, N. Y. 1 Bank Oct. 16-Merchant's, Atlanta, Ga of Pukwana, S. D. < Oct. 19-Marion (O.) Deposit. Oct. 28-At Big Rapids, Mich., Mecosta c savings. Nov. 5-Marine national, Duluth. Minn. Nov. 10-Iowa savings, Sioux City First national, Decorah, Ia. 1 Nov. 14-La Harpe (111.) bank. 4 Nov. 19-First national, Sioux City, Ia Sioux City, la. Nov. 22-First national, East Saginaw, Mich Nov. 23-Dakota national, Sloux Falls, S. f D. Nov. 24-Davis County Savings associaC tion, Gallatin, Mo. Nov. 28-Citizens' bank, Midlothian, Tex. Mis D Nov. 30-First national, Tyler, Tex souri national. Kansas City: $1,131,000 r Dec. 1-German-American, Portage, Wis. Bank of Westport, Mo. e Dec. Baxter, of Baxter Springs, Kan. Henry county, at Clinton, Mo. f Dec. 10-Harlan (la.) state Jonathan Easterly, Columbiana (O.) bankers. S Dec 11 National Bank of Commerce, Duluth, Minn First national, Niagara, 0 N.Y. a Dec. 14-First national, Holidaysburg. Pa Banks at Martinsburg and Williamsburg, Pa. Dec. 21-National bank of Illinois, at Chi1 cago-E. S. Dreyer & Co., Chicago, $1,200,600 6 Wasmansdorff, Heinemann & Co. r Dec. 22-Bank of Minnesota, and Union stockyards bank, at St. Paul. W Dec. 23-Bank of West Superior, Wis American Banking & Trust Co., Auburn. V Me. Dec. 24-Calumet state bank, Blue Island, 1 III. Dec. 26-Security Mortgage & Trust Co., n Dallas, Tex.; $2,000,000-Atlas national, Chicago. Dec. 28-Bank.of Superior. Wis Scan-