4825. Evanston National Bank (Evanston, IL)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
4767
Charter Number
4767
Start Date
May 18, 1893
Location
Evanston, Illinois (42.041, -87.690)

Metadata

Model
gpt-5-mini
Short Digest
eaa358e1

Response Measures

Full suspension, Books examined

Other: Receiver appointed by Comptroller June 7; later indictments for embezzlement (1895).

Receivership Details

Depositor recovery rate
73.3%
Date receivership started
1893-06-07
Date receivership terminated
1897-04-03
OCC cause of failure
Excessive lending
Share of assets assessed as good
25.1%
Share of assets assessed as doubtful
47.3%
Share of assets assessed as worthless
27.7%

Description

Multiple contemporaneous articles (May 18, 1893) report a run/heavy withdrawals and that the bank closed its doors at the suggestion of National Bank Examiner George B. Caldwell and suspends payment. Though directors initially announced an intention to resume in three days, a receiver (Charles S. Winslow/then later William C. Wood) was appointed (Comptroller action reported June 7, 1893 and receiver activity later), indicating permanent closure and receivership. Cause of run/suspension is primarily linked to the failure/distress of its correspondent Chemical National Bank and ensuing heavy withdrawals. OCR variations in some pieces (e.g., examiner name spelled Atwell/Caldwell) were corrected where obvious.

Events (7)

1. June 29, 1892 Chartered
Source
historical_nic
2. May 18, 1893 Run
Cause
Correspondent
Cause Details
Depositors began heavy withdrawals after the failure/distress of the Chemical National Bank, which was the Evanston bank's correspondent; rumors of shakiness circulated.
Measures
Directors posted notice that Depositors will be paid in full and initially announced intention to resume in three days.
Newspaper Excerpt
The reasons given for the suspension are heavy withdrawals and the stringency of the money market.
Source
newspapers
3. May 18, 1893 Suspension
Cause
Correspondent
Cause Details
Suspension occurred at suggestion of National Bank Examiner after heavy drains tied to correspondent (Chemical National) failure and general stringency.
Newspaper Excerpt
Owing to heavy drawings and the stringency of the money market this bank suspends payment. Depositors will be paid in full. HENRY WELLS, President.
Source
newspapers
4. June 7, 1893 Receivership
Source
historical_nic
5. June 7, 1893 Receivership
Newspaper Excerpt
Comptroller Eckels to day appointed Charles S. Winslow receiver of the Evanston National Bank of Evanston, Illinois.
Source
newspapers
6. July 21, 1893 Other
Newspaper Excerpt
The controller of the currency has ordered a dividend of 30 per cent in favor of the creditors of the Evanston National Bank of Evanston, III.
Source
newspapers
7. March 12, 1895 Other
Newspaper Excerpt
Four of the officers of the Evanston National Bank were indicted for the alleged embezzlement of funds... The aggregate of the reputed shortage is placed by Receiver William C. Wood at $44,500.
Source
newspapers

Newspaper Articles (22)

Article from Asheville Daily Citizen, May 18, 1893

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BANK TROUBLES A Temporary Suspension in Evanston, Kl1-Wound Up. EVANSTON, May 18.-The Evanston National bank closed its doors this morning ut the suggestion of National Bank Examiner Geo. B. Caldwell. The reasons given for the suspension are heavy withdrawals and the stringency of,the money market. The depositors will be paid in full and the bank will reopen in three days. LONDON, May 18.-The court has granted au order for the winding up of the Commercial bank of Australialia, which suspended April 4th, will total deposits of oyer $60,000,000. BRUNSWICK, Ga., May 18.-The Trust National bank and the Oglethorpe National bank closed their doors this morning. M. Ulman, president of the latter bank, committed suicide. These banks have been looked upon as shaky for some time. LONDON, May 18.-TheSbank of England has advanced the rate discount from 31/2 to 4.


Article from Evening Star, May 19, 1893

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The Evanston, III., National Bank Closes. The Evanston National Bank of Evanston, Illinois, closed its doors yesterday morning at the suggestion of National Bank Examiner George B. Caldwell. The reasons given for the suspension are heavy withdrawals and the stringency of the monev market. All the men connected with the bank declare that depositors will be paid in full and that the bank will reopen in three days. The capital stock of the institution is $100,000.


Article from The Wichita Daily Eagle, May 19, 1893

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FAILURES. LINCOLN, Neb., May 8.-The Nebraska Savings bank is in trouble. For several days there has been a run on the institution, which today assumed extensive proportions. The clearing house was called on for assistance and responded promptly. The bank is confident that it will weather the storm. The bank has a capital of $850,000 and the deposits amount to $450,000. CHICAGO, May 18. - The Evanston National bank of Evanston, Ills., closed its doors this morning, at the suggestion of National Bank Examiner George B. Atwell, who, after a day's work upon the books of the bank, met the directors at a meeting in the bank last revening. The capital stock of the bank is $100,000. It did business with the broken Chemical National. The directors announce that they will resume in three days. CHICAGO, May 18.-About 600,000 bushels of corn were reported sold out on change today for N. H. Arren & Co. The concern claims to be solvent, but its accounts are tied up in such shape by the Columbia bank failure that it has uo opportunity to carry on business.


Article from The Indianapolis Journal, May 19, 1893

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Other Business Troubles. CHICAGO, May 18.-The firm of N. H. Warren & Co. closed all its deals on the Board of Trade to-day. It is estimated that 600,000 bushels of corn were sold out on the firm's account. Nathan Warren attributes the suspension to the tying up of his money in the defunct Columbia National Bank. Mr. Warren says that he expects to come out all right. He claims that there 16 enough grain on the road to pay all his margins. The firm, it is said, was nipped somewhat at the time of the Deacon White failure. CHICAGO, May 18.-The Evanston National Bank, of Evanston, Ill., closed its doors, this morning, at the suggestion of National Bank Examiner George Caldwell, who, after a day's work upon the books of the bank. met the directors last evening. The capital stock of the bank 18 $100,000. It did business with the Chemical National. The directors announced that they will resume in three days. PHILADELPHIA, May 18.-Execution upon a judgment for $39,230 was sued yesterday against Edwin J. and Charles F. Howlett, trading as J: Howlett & Sons, paper bag manufacturers. A statement from the firm cannot be obtained.


Article from The Helena Independent, May 19, 1893

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BLEW OUT HIS BRAINS. A Bank President So Starts n Run and Neveral Failures. BRUNSWICK, Ga., May 18.-M. Ullman. president of the Oglethorpe National bank. mmitted suicide in the toilet room of the bank this morning. Besides being president of the Ogiethorpe bank. he was president of the Brunswick Brewing and Ice company and the line of river steamers. and a large stakeholder in various enterprises. President Burthage, of the First National bank, requested Ullman to repay a loan made the day before. "All right, wait a moment." said Ullman, stepping into the toilet room. In a moment Burthage heard a report. Ullman was found sitting upright with a bullet hole in the center of his forehead, The nows spread rapidly and the depositors started a run. In a few minutes the Oglethorpe National bank closed its doors, followed almost immediately by the First National bank. A slight run commenced on the Brnnswick State bank, but it met all demands. Mayor & Ullman, wholesale grocers, closed temporarily. The Brunswick brewery and the Brunewick cotton factory will also close temporarily. The Oglethorpe bank was capitalized nt $150,000 and the First National at $200,000. The officers of both banks say the claims will be paid in full. LINCOLN, May 18.-The Nebraska Savings bank is in trouble. For several days there has been a quiet run on this institution, which to-day assumed extensive proportions. The clearing house was called on for assistance, responded promptly. The officials are confident the bank will weather the storm. It has a capital of $250,000; deposits $150,000. CHICAGO, May 18.-The Evanston National bank. of Evanston, III., closed its doors to. day at the suggestion of the bank examiner. The bank has a capital stock of $100,000, and did business with the broken Chemical National, of this city. A notice on the bank door saya the depositors will be paid in full, and it is said the bank will resume next week. LONDON, May 18.-Stocks opened steady in consequence of the better feeling abroad, and closed firm. but without decided buoyancy. While there WHE an absence of gloomy rumors, a cloud of doubt seemed to overhang the situation respecting several firms which had been temporarily assisted. Operations were very cautions, under the suspicion that the recovery in the market of might only be temporary. The Bank England rate of discount has been advanced to four per cent, the highest for some time.


Article from Waterbury Evening Democrat, May 19, 1893

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ILLINOIS BANK FAILS The National, of Evanston, Forced to Suspend Payment. EVANSTON, Ill., May 19.-The Evanston National Bank of this city closed its doors at 10 a. m. at the suggestion of National Bank Examiner Geo. B. Caldwell. The bank formerly did business with the Chemical Bank of Chicago, but after the failure of that institution it transferred its accounts to the Metropolitan National Bank of Chicago. The reasons for the suspension are heavy withdrawals and the stringency of the money market. All the men connected with the bank declare that depositors will be paid in full, and that the bank will reopen in three days. The capital stock of the institution is $100,000.


Article from New-York Tribune, May 19, 1893

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ANOTHER WESTERN BANK GOES DOWN. THE EVANSTON NATIONAL OF ILLINOIS CLOSED -GRAIN DEALER'S IN TROUBLE. Chicago, May 18 (Special).-Some more of the aftermath of the Chemical and Columbia National Bank failures came to the surface 10-day. The Evanston National Bank, of Evanston, which did business with the Chemical, falled to open this morning, the following notice, signed by Henry Wells, the president. being posted on the door: "Owing to heavy drains made upon our deposits and the stringency of the money market this bank suspends payment. Depositors will be paid in full." All the men connected with the bank declare that depositors will be paid in full and that the bank will reopen in three days. The capital stock of the institution is $100,000. The last public statement was made March 6, when the amount of deposits was given ás $161,023 81 Since that time, however, the bank has been in bad standing. and depositors have gradually drawn out. Since Monday the bank. paper has not been accepted by the Chicago Clearing House. Rumors of the shakiness of the bank have been current for the last week or so. The concern cleared through the Chemical National until that bank falled. Then the officials of the Evanston Bank requested the privilege of clearing through the Metropolitan Bank, which consented to pay their checks as long as they kept enough money at the Metropolitan to cover all claims. Yesterday their deposit became exhausted and the local bank refused to honor any more of the Evanston Bank's checks. Bank Examiner Caldwell was seen In regard to the cause of the suspension and gave the following statement: "I received orders yesterday from Washington to examine the bank and did so. On reporting Its condition to Controller Eckels, I received orders to close the bank at once. The bank was suffering from a run and did not have the money on hand to pay out. As matters stand. there is $60,000 in deposits unpaid. I see no reason, so far, for depositors not being paid In full." N. A. Hill, vice-pre-ident, attributed the sudden run the failure of the Chemical at Chicago. "We did not to lose much by that failure, but It was known here that the Chemical was our correspondent," said he. This scared depositors and they began drawing out money faster than we could realize on our securities." "Was there no other reason for the run ?" Hill was asked. After some hesitation he replied: "Well, I suppose our president's trouble with a number of lumber deals he was in hastened matters. He was a heavy loser by the failure of the Cafro Lumber Company. and was also a loser in several other lumber failures. These matters became noised about and the run began." Among the business men about town the suspension is thought to have been caused by poor financiering methods. This afternoon the Board of Trade firm of N. 11. Warren & Co. closed Its deals. The firm has been on the bull side of corn for a long time-in fact, ever since the market was in the 50s-and the drop since has been rapidly exhausting its ready means. The crowning trouble was the fact that their funds were locked up in the Columbia Bank. As the firm was not in a position to respond to additional calls, those having trades with it deemed it predent to close them out. So at the start there was free selling for this account, and July touched 42 cents. About 600,000 bushels were closed out on the firm's account. The failure-If such it may be calledproduced very little excitement.


Article from The Times, May 19, 1893

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PREFERRED DEATH TO POVERTY. Bank President Ullman Suicides-Several Suspensions Result. BRUNSWICK, GA., May 18.-M. UIIman, president of the Oglethorpe National Bank, committed suicide in the toiletroom of the bank this morning. Up to this time he was considered one of the wealthiest men in this section. Besides being president of the Oglethrope Bank he was president of the Brunswick Brewing and Ice Company, and a line of river steamers, and was a larger stockholder in various enterprises. President /Burbage, of the First National Bank, called at the Oglethorpe Bank shortly after opening and requested Ullman to repay a loan made the day before. "All right, wait a moment," said Ullman, stepping into the toilet-room. A moment later Burbage heard a report. Ullman was found sitting upright with a bullet hole in the centre of his forehead. In his pockets were found an ounce bottle of laudanum, and an unsigned bond drawn to protect a large depositor who had demanded his money the day before. The supposition is that Ullman had been crazed by financial troubles, and that his inability to protect his friends drove him to suicide. The news spread rapidly, and depositors started a run. In a few minutes the Oglethorpe National closed its doors, followed almost immediately by the First National. A slight run commenced on the Brunswick State Bank, but it met all demands. Mayor & Ullman, wholesale grocers, have closed temporarily. The firm is composed of Sam Mayer and M. Ullman. The Brunswick Brewery and the Brunswick Cotton Factory will also close temporarily. Rumors affecting the two banks had been in circulation for several days. These became public after the tragedy, causing the runs. The Oglethorpe was capitalized at $150,000, and the First National Bank at $200,000. The officers of both banks say that claims will be paid in full. Bank examiners have been wired for, and pending their arrival nothing definite will be known. Business will not suffer to any great extent. WASHINGTON, D. C., May 18.-Comptroller Eckels this afternoon ordered Bank Examiner John Carskedan, of West Virginia, to Brunswick to take charge of the First National Bank and the Oglethorpe National Bank of Brunswick, both of which closed their doors this morning. The First National Bank had capital of $200,000 and the Oglethorpe Bank of $150,000. The resources of the banks on May 4th, as reported, were for the former $492,000, and for the latter $682,000. Illinois Bank Failure, EVANSTON, ILL., May 18.-The Evanston National Bank, of this city, closed its doors this morning, at the suggestion of National Bank Examiner George B. Caldwell. The bank formerly did business with the Chemical National Bank, of Chicago, but after the failure of that institution transferred its accounts to the Metropolitan National Bank, of Chicago. Nebraska Bank In Trouble. LINCOLN, NEB., May 18.-The Nebraska Savings Bank is in trouble: For several days there has been a quiet run on the institution, which to-day assumed extensive proportions. The clearing house, was called on for assistance and responded promptly, and the bank is confident it will weather the storm. The bank has a capital of $250,000 and the deposits amount to $150,000.


Article from The Advocate and Topeka Tribune, May 24, 1893

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000 bushels of corn was reported sold out on 'change to-day for N. W. Harris & Co. The concern claims to be solvent, but its accounts are held up in such shape by the Columbian bank failure as to leave no opportunity to carry on business. SAVANNAH, GA., May 18.-Dispatchee from Brunswick, Ga., state that the First National bank and the Oglethorpe National bank of that city closed their doors this morning, and that M. Ulman, president of the latter, committed suicide. These banks have been looked upon as shaky for some time. CHICAGO, May 18.-The Evanston National bank, of Evanston, Ill., closed its doors this morning at the suggestion of National Bank Examiner George B. Caldwell, who, after a day's work upon the books of the bank, met the directors at 8 meeting in the bank last evening. The capital stock of the bank is $100,000. It did business with the broken Chemical National. The directors announce they will resume in three days. MINNEAPOLIS, May 20.-The Northwestern Guarantee Company, which has been in an embarrassed condition for some time, went into the Hands of a receiver this afternoon. the Minneapolis Trust Company being appointed the receiver. NEW YORK, May 20.-The Archer & Pancoast Manufacturing Company, manufacturers of gas fixtures, was placed in the hands of receivers today. The liabilities will, not exceed $1,000,000. Its paper sold largely in Philadelphia and was endorsed by Clement M. Biddle & Co. Its paper was also held by banks in this city. The failure is attributed to the stringent money market. The company is probably the largest of the kind in the United States. The attorneys for the company say it is only a temporary embarrassment, and that the assets largely exceed the liabilities. The trouble is the assets are not available.


Article from Watertown Republican, May 24, 1893

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EVANSTON BANK FAILS. Payment Suspended on Advice of a Government Examiner. CHICAGO, Ill., May 18.-The Evanston National Bank, of Evanston, Ill., closed its doors this morning at the suggestion of National Bank Examiner George B. Caldwell, who after a day's work upon the books of the bank met the directors at a meeting in the bank last evening. The capital stock of the bank is $100,000. It did business with the broken Chemical National Bank. When the bank's patrons went to the building this morning they found the following upon the doors: Owing to heavy drawings and the stringency of the money market this bank suspends payment. Depositors will be paid in full. HENRY WELLS, President. The bank examiner says: "I found that the accounts were in such shape that I would have to take at least three days to get to the bottom of things and when the directors met last evening, I suggested that the bank be closed and this was done." The directors announce that they will resume in three days.


Article from Eagle River Review, May 25, 1893

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EVANSTON BANK FAILS. Payment Suspended on Advice of a Government Examiner. CHICAGO, Ill., May 18.-The Evanston National Bank, of Evanston, Ill., closed its doors this morning at the suggestion of National Bank Examiner George B. Caldwell, who after a day's work upon the books of the bank met the directors at a meeting in the bank last evening. The capital stock of the bank is $100,000. It did business with the broken Chemical National Bank. When the bank's patrons went to the building this morning they found the following upon the doors: Owing to heavy drawings and the stringency of the money market this bank suspends payment. Depositors will be paid in full. HENRY WELLS, President. The bank examiner says: "I found that the accounts were in such shape that I would have to take at least three days to get to the bottom of things and when the directors met last evening, I suggested that the bank be closed and this was done." The directors announce that they will resume in three days.


Article from Warren Sheaf, May 25, 1893

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THE doors of the Citizens' bank of Minneapolis, with a capital of $250,000, were closed, and the Bank of Zumbrota, at Zumbrota, Minn., suspended payment. CHIEFS of police of many cities met in Chicago and organized a national union with W. S. Seavey, of Omaha, as president. THE wife of Michael Bierge, a wealthy farmer residing near Barnard, Mo., suddenly became insane and killed her 5months-old babe and cut her own throat, dying instantly. THE will of Bishop Ames, of the Methodist church, after standing fourteen years was broken at Baltimore, and the estate, valued at between $150,000 and $200,000, will now be divided according to law. REPRESENTATIVE negroes of South Carolina met in Columbia and adopted resolutions in which lynching was condemned and an appeal made to the humane people of the state to aid them in suppressing any attempt to violate the law by lynching. THE Brunswick national bank and Oglethorpe national bank, both of Brunswick, Ga., suspended, and M. Ullman, president of the Oglethorpe, committed suicide. FLAMES of an incendiary origin swept away seventeen business houses and residences at Montfort, Wis. Loss, $100,000. THE doors of the Evanston (III.)/national bank, with a capital of $100,000, were closed. FIRE in the building occupied by the Dr. Price Baking Powder company in Chicago caused a damage of $115,000. THE King Iron Bridge company's works at Cleveland, o., were damaged to the extent of $150,000 by fire. IN the jail yard at Lake Charles, La., Lewis Taylor (colored) was hanged for assaulting a negro woman some months ago. FREDERICK C. SCHENCK, for seventeen years consul to Barcelona, Spain, beginning in Hayes' administration, died at Lafayette, Ind., aged 53 years. THE death of James E. Murdoch, the famous tragedian, aged 83 years, occurred at his suburban home near Cincinnati of various ailments combined with old age. IN session in St. Paul the international convention of press clubs elected John A. Cockerell, of New York, as president. It was decided to establish a home for aged and infirm journalists. AT Bellaire, O., Ethelinda Mayhue has brought suit for divorce against Oliver Mayhue, a grocer. They were married April 20, 1854, and have fourteen children. Cruelty was the charge. THE directory of the world's fair adopted a rule that for the future all children under 12 and over 6 years of age will be admitted to the fair for twenty-five cents. IN the southeastern Kansas coal fields 5,000 miners struck for higher wages. FIRE suffocated twenty-five horses belonging to the People's Outfitting company in Chicago.


Article from The Cape Girardeau Democrat, May 27, 1893

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CHIEFS of police of many cities met in Chicago and organized a national union with W. S. Seavey, of Omaha, as president. THE wife of Michael Bierge. a wealthy farmer residing near Barnard, Mo., suddenly became insane and killed her 5months-old bat eand herown throat. dying instantly. THE will of Bishop Ames, of the Methodist church, after standing fourteen years was broken at Baltimore, and the estate, valued at between $150, 000 and $200,000, will now be divided ac: cording to law. REPRESENTATIVE negroes of South Carolina met in Columbia and adopted resolutions in which lynching was condemned and an appeal made to the humane people of the state to aid them in suppressing any attempt to violate the law by lynching. THE Brunswick national bank and Oglethorpe national bank, both of Brunswick, Ga., suspended, and M. UIIman. president of the Oglethorpe, committed suicide. FLAMES of an incendiary origin swept away seventeen business houses and residences at Montfort, Wis. Loss, $100,000. THE doors of the Evanston (III.) national bank. with a capital of $100,000. were closed. FIRE in the building occupied by the Dr. Price Baking Powder company in Chicago caused a damage of $115,000. THE King Iron Bridge company's works at Cleveland. O., were damaged to the extent of $150.000 by fire. IN the jail yard at Lake Charles, La., Lewis Taylor (colored) was hanged for assaulting a negro woman some months ago. FREDERICK C. SCHENCK. for seventeen years consul to Barcelona, Spain, beginning in Hayes' administration. died at Lafayette, Ind., aged 53 years. THE death of James E. Murdoch. the famous tragedian. aged 83 years, occurred at his suburban home near Cincinnati of various ailments combined with old age. Ix session in St. Paul the international convention of press clubs elected John A. Cockerell, of New York, as president. It was decided to establish a home for aged and infirm journalists. AT Bellaire, O., Ethelinda Mayhue has brought suit for divorce against Oliver Mayhue, a grocer. They were married April 20. 1854. and have fourteen children. Cruelty was the charge. THE directory of the world's fair adopted a rule that for the future all children under 12 and over 6 years of age will be admitted to the fair for twenty-five cents. Ix the southeastern Kansas coal fields 5,000 miners struck for higher wages. FIRE suffocated twenty-five horses belonging to the People's Outfitting company in Chicago.


Article from Wheeling Register, June 8, 1893

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CONCERNING BUSINESS AND FINANCE. NEW YORK, June 7.-The direct liabilities of Erastus Wiman as scheduled are stated at $501,000; contingent liabilities $315,000. The assignees estimate the real estate in his possession as sufficient to pay the direct indebtedness unsecured by collateral and the surplus of collateral, together with interests in various companies can be applied to the liquidation of such contingent liabilities as may be found to exist after realization upon the assets which these represent. NEW YORK, June 7.-Direct liabilities of Thomas M. Barre & Co., coffee merchants, as scheduled, are $948,680: contingent llabilities $30,330; nominal assets $965,335; actual assets $308,697. CHICAGO, June .-Joseph Rathbone & Co., lumber dealers, made a voluntary assignment this morning. Assets are scheduled at $500,000, and liabilities at $250,000 Robert F. Shanklin, the assignee, is now in possession of the company's property. Inability to realize on commercial paper is given as the cause of the assignment. CLEVELAND, O., June 7.-A runis in progress on the St. Clair Street Branch of the East End Savings Bank Company. Many depositors were promptly paid. Offers from other city banks were received, but refused by the oficers who said their bank was entirely solvent and able to care for itself. The depositors are confined almost exclusively to workingmen. No cause is assigned except rumors due to failures in other cities. NEW ALBANY, June 7.-The New Albany Banking Company suspended payment this morning and closed its doors. The suspension was caused by the run made on the Bedford Bank, at Bedford, Ind., yesterday, which forced it to close. It is claimed the assets are $212,000: its liabilities $100,000. A deed of assignment was today made to John H. Stotzenberg. WASHINGTON, D. C., June 6.-Comptroller Eckels to day appointed Charles S. Winslow receiver of the Evanston National Bank of Evanston, Illinois. A telegram from Chicago received this afternoon by Mr. Eckels states the financialsituation there "is more cheerful.' MINNEAPOLIS, MINN., June 7.-A rnmor gained circulation to-day that two of the best known Elevator companies in the Northwest, the Northern Pacific and the Red River Valley, were temporarily embarrassed. The facts in the case as yet will not warrant the assertion that it is a business failure, although the statement comes direct from the general manager of the Northern Pacitic Elevator Company, that that corporation will ask for the appointment of a receiver. The capital stock of the Northern Pacific Elevator Company is $650,000 and of the Red River Valley Company, $250,000. The interests of both concerns are held largely by the same men. A later telegram from Wheatland, N. D., says the Northern Pacific Elevator was closed to-day on an attachment for the Canadian Bank of Montreal. KOKOMO, IND., June 7.-Warrants for the arrest of ex-Governor Chase, Paris and Walden, who were yesterday indicted by the Howard county grand jury in the Greentown bank matter, are in the hands of the sheriff but will not be served before to-morrow on those in reach of service. The courtremoved the bar of secrecy from the grand jury this morning, and they talk freely. They allege that -Governor Chase took intending depositors into the bank a short time before the failure, and showed them "piles of monev," and the few good securities held by the concern. The bad ones. of which they say Gov. Chase had knowledge, were not brought out. Paris and Walden have drawn $15,000 from the bank on their personal notes, the funds going to Paris. Chase knew if this paper when he was recommending the bank as a safe place of deposit. CHICAGO, June -The flurry among savings bank deporitors had about run its course this morning. At the saving institutions where there was still enough of a gathering to be called a crowd, there was no sign of the panicky unreasoning alarm which beset the depositors Monday, and before the closing hour this afternoon it is thought the run will have subsided.


Article from The Star, June 14, 1893

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CRASHES AT OTHER POINTS. The following is a summary of the financial disasters recorded Tuesday: Maintowor, Wis.-State Bank of Maintowoc after standing a three weeks' run. Defiance, 0.-Andrew Sauer's Savings Bank: liabilities, $100,000; assets $150 000. Boston.-Potter & Potter, magazine and newspaper publishers; liabilities $100,000. Philadelphia.-Same E. Prince. marble quarryman; liabilities $100,000; nominal as. setts $250,000. Troy. N. Y.-Neber & Carrenter. private bankers and brokers; liabilities, $235,000; actual assets, $131,000. Three Rivers. Mich.-Bank of Three Rivers, capitalization, $10,000; accounts due depositors at last statement, $60,000. Spokane, Wash.-Washington National and Washington Savings Banks; assets in excess of liabilities. Racine, Wis.-A run is in progress on the Manufacturers' National Bank. At Madison the First National is being subjected to a heavy run. Two Rivers, Wis.-The Bank of Two Rivers failed. The owner, David Becker, is not in the city. Evanston, III.Charles S. Winslow has been appointed receiver of the Evanston National Bank, Spokane. Wash.-The Comptroller has directed Bank Examiner E. T. Wilson to take charge of the Citizens' National Bank and the Washington National Bank. New Albany. Ind.-The New Albany Banking Company closed its doors owing to the fall of the Bedford Bank. Assets claim. ed, $212.000; liabilities. $100,000. Bedford, Ind.-The Belford Bank has suspended after a run. Palouse, Wash.- The First National Bank has suspended, owing to the Bank of Spokane's failure. Chicago-Joseph Rathbone & Co., lumber dealers. have assigned. Scheduled assets, $500,000. The run on the Banks has ceased. Cleveland, 0.-A run is in progress on the St. Clair street branch of the East End Savings Bank Company. No cause except fail 'rres in other cities.


Article from Evening Star, July 21, 1893

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National Bank Matters. The controller of the currency today appointed Mr. John P. Hopkins of Kensington, Chicago, III., receiver of the Chemical National Bank of Chicago, III. The controller has been advised that the First National Bank of Cheyenne, Wyo., has closed its doors to business, The controller of the currency has authorized the First National Bank of San Bernardino, Cal., and the First National Bank of Santa Ana, Cal., to reopen their doors for business, These banks have complied with the requirements imposed by the controller and are reported by the bank examiner to be in satisfactory condition with unimpaired capital. The controller of the currency has ordered a dividend of 30 per cent in favor of the creditors of the Evanston National Bank of Evanston, III. The checks for the payment of the dividend will be distributed on or about August 1 by the examiner at the bank of Evanston. The controller of the currency has been advised that the Farmers' National Bank of Henrietta, Tex., has closed its doors to business.


Article from The Indianapolis Journal, March 13, 1895

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Bank Officers Indicted. CHICAGO, March 12.-Four of the officers of the Evanston National Bank were indicted for the alleged embezzlement of funds of the institution by the grand jury of the United States District Court this afternoon. The aggregate of the reputed shortage is placed by Receiver William C. Wood at $44,500. The indicted officers are President Henry Wells, charged with the embezzlement of $30,000; Vice President N. E. Hill, charged with the embezzlement of $7,500; Cashier Jehn C. Austin, charged with the embezzlement of $3,500; director E. T. Paul, charged with the embezzlement of $3,500.


Article from The Providence News, March 13, 1895

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BANK DIRECTORS INDICTED. CHICAGO, March 13.-Four of the directors of the Evanston National Bank have been indicted in the United States Court for alleged embezzlement of funds of the State's. The shortage is placed by Receiver William C. Wood at $44,500. The indicted officers are: President Henry Wells, charged with the embezzlemene of $30,000; Vice-President, N. E. Hill, charged with $7500; Cashire John C. Austin, charged with $3500; director E. T. Paul with $35,000. The bank failed May 18, 1893. Wells IS said to be in Pennsylvania, Hill in Missouri somewhere on a farm and Austin is reported as having gone to California. Paul is a real estate dealer with an office in the city. The bank was capitalized at $100,000.


Article from St. Paul Daily Globe, March 13, 1895

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BANK FUNDS WERE GONE. Officers of a Wrecked Chicago Institution Indicted. CHICAGO, March 12.-Four of the officers of the Evanston National bank were indicted this afternoon by the grand jury of the United States district court for alleged embezzlement of the bank's funds. The aggregate of the reputed shortage is placed by Receiver Wood at $44,500. The indicted officers are: President Henry Wells, charged with the embezzlement of $30,000; Vice President N. E. Hill, charged with the embezzlement of $7,500; Cashier J. C. Austin, charged with the embezzlement of $3,500; Director E. T. Paul, charged with the embezzlement of $3,500. The bank failed May 18, 1894. Wells is said to be in Pennsylvania; Hill in Missouri, somewhere on a farm; Austin in California. Paul is a real estate dealer, with an office in this city. The bank was capitalized at $100,000, and when it failed it had liabilities to the extent of $120,000, with assets supposed to be worth a like amount. Sixty thousand dollars has been declared in dividends by the receiver, and the assets of the bank are exhausted. An assessment of $48,000 was made by the comptroller of the treasury to make up the deficiency. When the receiver attempted to collect the assessment he discovered that the holders of $93,000 of the capital stock were bankrupt and unable to pay a dollar of the call. An investigation which followed showed that the condition of the institution was worse than at first supposed. All four men are charged with embezzlement, and with wilful intention to wreck the bank.


Article from The Princeton Union, March 14, 1895

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Embezzlement Charged. Chicago, March 14.-Four of the officers of the Evanston National bank were indicted to-day for the alleged embezzlement of funds of that institution by the grand jury of the United States district court. The aggregate of the reputed shortage is placed by Receiver Wood at $44,000. The indicted officers are President Henry Wells, Vice President N. E. Hill, Cashier J. C. Austin and Director E. T. Paul.


Article from The Cambria Freeman, March 15, 1895

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Four Bank Officials Indicted. CHICAGO, March 13.-Four of the officers of the Evanston National bank have been indicted for the alleged embezzlement of funds of the institution by the grand jury of the United States district court. The aggregate of the reputed shortage is placed by Receiver William C. Wood at $44,500. The indicted officers are: President Henry Wells, charged with the embezzlement of $30,000; Vice President N. E. Hill, charged with the embezzlement of $7,500; Cashier John C. Austin, charged with the embezzlement of $3,500; Director, E. T. Paul, charged with the embezzlement of $3,500.


Article from The Dickinson Press, March 16, 1895

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Embezzleme.nt Charged. Chicago, March 14.-Four of the officers of the Evanston National bank were indicted to-day for the alleged embezzlement of funds of that institution by the grand jury of the United States district court. The aggregate of the reputed shortage is placed by Receiver Wood at $44,000. The indicted officers are President Henry Wells. Vice President N. E. Hill, Cashier J. C. Austin and Director E. T. Paul.