City Savings Bank (Chattanooga, TN)

Episode Information

Episode UID
4845329591122
Episode Type
Run → Suspension → Unsure
Bank Type
savings
Bank ID
484532959 hash
Start Date
June 17, 1893
Location
Chattanooga, Tennessee (35.046, -85.310)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8b60795e5d5d7046

Response Measures

None

Description

The run was triggered by a specific misinformation event where a credit agency messenger confused the bank's name with the 'Penny Savings Bank' during a telephone report.

Events (3)
1. June 17, 1893 Run
Cause
Rumor Or Misinformation
Cause Details
A messenger of Dun & Co. mistakenly used the name 'City Savings' instead of 'Penny Savings' when reporting a failure.
Random Run
Yes
Random Run Snippet
messenger used name City Savings instead of Penny Savings; error immediately corrected
Newspaper Excerpt
withdrew over $20,000 Saturday and over $40,000 yesterday. The withdrawal was so wholly unexpected that the bank was forced to assign.
Source
newspapers
2. June 19, 1893 Suspension
Cause
Rumor Or Misinformation
Cause Details
Heavy withdrawals resulting from the misinformation regarding the bank's solvency.
Newspaper Excerpt
The City Savings Bank, of this city, was forced to assign last night on account of an unfortunate blunder
Source
newspapers
3. June 20, 1893 Other
Newspaper Excerpt
Twenty-five hundred depositors were caught in the fall, and many of them have been standing around the bank this morning all anxious as to the money they had in the bank. The outlook is that they will be paid in full. Some slight runs were made on the other banks, but nothing of a serious nature was noticed. The Chattanooga Savings Bank enforced a rule of sixty days' notice to withdraw long time deposits, in order to protect itself. A feeling of nervous excitement is apparent, but the other banks are solid enough. Among the small depositors who had their savings in the bank there is a general feeling of distrust which will wear off in time. At all of the banks the officers prepared to meet a run if one was mauu, but the people are remarkably cool and no great rush is noticeable. At all of the banks the officers prepared to meet a run if one was mauu, but the people are remarkably cool and no great rush is noticeable.
Source
newspapers

Newspaper Articles (24)
1. June 20, 1893 Evening Journal Wilmington, DE
Article from Evening Journal, June 20, 1893

Click image to open full size in new tab

Article Text

A MESSENGER'S BAD ERROR. HE MADE A MISTAKE IN THE NAME OF A BANK, And Now Both Are Bursted and Depositors Are Scrambling for Their Money-Depositors Made a Rush and Withdrew Over $60.000. CHATTANOOGA, June 20.-The City Savings Bank, of this city, was forced to assign last night on account of an unfortunate blunder whereby they were confounded with a colored institution that suspended last Saturday, known as the Penny Savings Bank. It assigned on Saturday with less than $6,000 liabilities and a messenger of Dun & Co., in telephoning the intelligence to their chief banks of the city used the name "City Savings," instead of "Penny Savings," but the error was immediately corrected. The seed of distrust, however, was sown and the bank depositors got wind of the unfortunate report and withdrew over $20,000 Saturday and over $40,000 yesterday. The withdrawal was so wholly unexpected that the bank was forced to as sign. The assets are given at $475,000, the liabilities $225,000. The amount due depositors is about $216,000. Nothing is due any local bank. G. H. Jarnagin was named as assignee. All depositors will be paid in full.

2. June 20, 1893 The Morning News Savannah, GA
Article from The Morning News, June 20, 1893

Click image to open full size in new tab

Article Text

RUINED BY A MISTAKE. An Error in Telephoning a Name Causes a Run On a Bank. Chattanooga, June 19.-The City Savings Bank of this city was forced to assign to-night on account of an unfortunate blunder whereby they were confounded with a colored institution that suspended last Saturday, known as the Penny Savings Bank. It assigned Saturday with less than $6,000 liabilities and a messenger of Dun & Co, in telephoning the intelligence to the chief banks of the city used the name "City Savings" instead of "Penny Savings," but the error was immediately corrected. Theseed of distrust, however, was shown, and the bank depositors got wind of the unfortunate report and withdrew over $20,000 Saturday and over $40,000 to-day. The withdrawal was so wholly unexpected that the bank was forced to assign. The assets are given at $455,000 and the liabilities at $225,000. The amount due depositors is about $216,000. Nothing is due any local bank. G. H. Jarnagin was named as assignee. All the depositors will be paid in full.

3. June 20, 1893 Asheville Daily Citizen Asheville, NC
Article from Asheville Daily Citizen, June 20, 1893

Click image to open full size in new tab

Article Text

Assigned. CHICAGO, ILL., June 20.-The General Engineerings company of Harvey, III., has assigned. Liabilities, $75,000. RICHMOND, Va., June 20.-Isaac Heild, dry goods dealer, has assigned. Liabilities, $10,500. CHATTANOOGA, June 20.-Last evening the City Savings bank, capital $200,000, made an assignment to its vice-president, G. II. Jarnagin. The officers announce that the depositors will be paid in full.

4. June 20, 1893 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, June 20, 1893

Click image to open full size in new tab

Article Text

The Day's Failures. CHATTANOOGA Tenn., June 20.The City Savings bank as a result of a run has been forced to suspend. The assets are $475,000 and the liabilities are $225,000, All the depositors will be paid in full.

5. June 20, 1893 The Waco Evening News Waco, TX
Article from The Waco Evening News, June 20, 1893

Click image to open full size in new tab

Article Text

Connor, Tucker & Co. A BLUNDER. BOOKS FREE! Causes the Assignment of a To further increase the popularity Savings Bank. of the Cotton Belt Route, and propBy Associated Press to The News. erly present to the readers of this CHATTANOOGA, Tenn., June 20. paper the advantages of that line to The City Savings bank, of this Chicago and the World's Fair, as well city, was forced to assign last night as to the East and Southeast, arrangeon account of an unfortunate blunments have been made with one of der whereby they were confounded the largest publishing houses in the with the colored institution that susUnited States which will enable them to send any one or more of the followpended last Saturday, known as the ing valuable books to any address by Penny Savings bank. It assigned mail free, on receipt of 12 cents each Saturday with less than six thousand dollars liabilities and a mes in stamps to cover postage and packing. They are all printed on good senger of Dun & Co. telephoning paper and bound with illuminated the intelligence to the chief banks cover in colors. The amount asked of the city used the name "City is to cover charges and cost of pack Savings" instead of Penny Savings, ing, and will be promptly refunded to but the error was immidiately corany one not perfectly satisfied. rected. The seed of distrust, how No 20. "Dream Life."-By 1k. ever, was sown and the bank deMarvel (Donald G. Mitchell.) positers got wind of the unfortuNo. 19. "Cosmopolis.'--By Paul nate report and withdrew over *20,Bourget. 000 Saturday and over *40,000 yesNo 18 "Reveries of a Bachelor." terday. The withdrawal was 80 By Ik Marvell (Donald G Mitchell ) wholly.unexpected that the bank was No. t "Was it Suicide?"-By Ella forced to assign. The assets are Wheeler Wilcox. One of this writer's given as $475,000; liabilities *225, best works; 192 pages; author's 000. The amount due depositors portrait. is about $216,000. Nothing is due No. 8. "Poems: and Yarns by James any local bank. G. H. Jarnagin Whitoomb Riley and Bill Nye."was named as the assignee. All Prose by Nye, poetry by Riley. Illus. depositors will be paid in full. trations; 230 pages.

6. June 20, 1893 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, June 20, 1893

Click image to open full size in new tab

Article Text

Savings Bank Assigns. [By talegraph to the Dispatch.} CHATTANOOGA, TENN., June 19.-The City Savings Bank. of this city, was forced to assign to-might on account of an unfortunate blunder whereby they were confounded with a colored institution that suspended last Saturday known as the Penny Savings Bank. Itassigned Saturday, with less than $6.000 liabilities, and a messenger of Dun & Co. in telephoning the intelligence to the chief banks of the city used the name "City Savings" instead of " Penny Savings," but the error was immediately corrected. The seed of distrust. however, was sown. and the bank depositors got wind of the unfortunate report and withdrew over $20,000 Saturday and over $40,000 to-day. The withdrawal was 80 wholly unexpected that the bank was forced to assign. The assets are given at $475,000. the liabilities at $225,000. The amount due depositors 18 about $216,000. Nothing 18 due any local bank. G. H. Jarnigan was named as assignee. All depositors will be paid in full.

7. June 21, 1893 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, June 21, 1893

Click image to open full size in new tab

Article Text

No ball game; rain. FAILURES. CHATTANOOGA, Tenn., June 20.-The City Savings bank of this city assigned last night. The assignment was forced by a mistake of Dun's agent, who reported the failure of the Penny Savings bank last Saturday as the failure of the City Savings bank. The mistake, which was immediately corrected, sowed the seeds of distrust, and heavy runs followed on Saturday and yesterday, crippling the bank so that it was forced to assign. The assets are given as $475,000 and the liabilities as $225,000. NASHUA, N. H., June 20.-The Colony Manufacturing company (woolens) has assigned. The liabilities are $160,000. The assets will not pay more than half. DENVER. June 20.-The Acme Pressed Brick and Improvement company has assigned. The assets are $64,800 and the liabilities $27,800. The tightness of the money market is the alleged cause. EUGENE, Ore., June 20.-The Lane County bank failed to open today. A notice posted on the door says that the depositors will be paid in full. No statement was made.

8. June 21, 1893 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, June 21, 1893

Click image to open full size in new tab

Article Text

Failures. NEW YORK, June 21.-Heieht Bros., importera nnd dealers in laces and fancy goods, have failed for $270,000. Boston.--' The Little Kanawa Lumber company, n Maine corporation capital stock of $500,000 with $347,000 actually paid in, has been placed in a receiver's hands. The assets are $1,100,000. Liabilities $375,000, consisting of negotiable paper. On account of the failure of this company, the firms of Andrew I.. Leatherbee, William H. Leatherbee & Sons and the Taunton Lumber company, have assigned. Pittsburg, Pa.-The Oil Well Supply company, one of the most extensive corporations in Pennsylvani: and the largest concern of its kind in the world, has gone into the hands of a receiver. The corporation is capitalized at $1,500,000 and its assets aggregate $2,000,000. The total indebtedness is placed at $1,100,000. Albany, Oregon.-The Lynn County bank has closed its doors. J. L. Cowan, president of the bank says deposits amount to about $100,000 and the, assets will exceed the liabilities by $80,000 or $10,000. A branch of the Lynn County bank at Leleanon, has also closed its doors and the bank of Oregon of this city closed its doors also. Chattanooga, Tenn.-The - City Savings bank was forced to assign last night. The assets are given as $475.000 and the liabilities $225,000. The amount due depositors is about $216,000.

9. June 21, 1893 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, June 21, 1893

Click image to open full size in new tab

Article Text

Telegraphic Brevities. Cornell won the Cornell-Columbia freshman race yesterday by ten lengths. The General Engineering Company, of Harvey, IiI., has assigned. Liabilities said to be $75,000. The Norfolk and Southern railroad has declared a regular quarterly dividend of 1 per cent. payable July 10th. The assignment of the City Savings Bank, at Chattanooga, Monday caused scarcely a nurry in nnancial circles there. Comptroller Eckert is informed of the failure of the Lion-County National Bank, of Albany, Oregon; capital, $100,000. An unknown tramp was killed by a train in the city limits of Augusta, Ga., last night while stealing & ride. He was drunk. Clarence S. Bayne, the star pitcher of the Untversity of Pennsylvania base-ball team. died yesterday evening at Philadelphia of appendicitis. The resignation of Mr. Julien B. DePray, Chief of the Law Division, Architect's office, Treasury Department, at Washington, has been requested. James McMilian. of Minneapolis. Minn., made a voluntary assignment yesterday to M. C. Fletcher. Estimated assets, about $700,000, liabilities, $250,000. Mareschal Jose Simeao de Oliveria, of Brazil, President of the Brazilian commission to the World's Columbian Exposition, died at the Hotel Savoy, New York, yesterday, of Bright's disease. Mrs. J. T. Ford died at her home. near Richmond. Mo., yesterday. from blood-poisoning, caused by a rat bite ten days ago. She was the mother of the notecious Bob and Charley Ford, who killed Jesse James. The business portion of the town of Tillamook, Ore., was burned Monday. Several fires started simultaneously, and It is supposed they were the work of incendiaries. Total loes, $100,000; insurance half that. Mrs. Cleveland, with her little daughter Ruth and her houshold servants, left Washington on a special car over the Pennsylvania railroad at 9:40 A. M. yesterday for Buzzard's Bay. The President did not accompany her. There will be a monster reunion of war veterans, both Confederate and Federal, at the World's Fair October 20th to 24th inclusive, those days having been designated by the exposition authorities. Not less than 50,000 are expected to be present. Major Joseph Dubois was arrested Monday night at Bellaire, O., under the name of Joseph Morrison. on a charge of embezzlement made by James Fagin. of Knoxviile, Tenn., and with. out requisition was taken as once to Cincinnati and thence to Knoxville. Secretary Herbert, after spending a few days at his home, in Montgomery, Ala., left that city for Washington yesterday. He was the reciplent of marked attention from his Montgomery friends and neighbors and was given a banque 8 by them Monday evening. The People's Bank, of Minneapolis, Mino., surpended payment yesterday, the suspension being caused by the assignment of James McMillan, the hide merchant The failure caused but little comment, as the bank was known to be small and weak. The President yesterday made the following appointments: Paul B. Trammell, of Georgia, to be Collector of Internal Revenue for the Diatrics of Georgia; Andrew Fuller Yus, of Mis-

10. June 21, 1893 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, June 21, 1893

Click image to open full size in new tab

Article Text

BANK SUSPENSIONS. The Stringency in the Money Market Continues With Bad Results. Eugene, June 20.-The Lane county bank, the oldest financial institution in this county, failed to open its doors this morning, having become cramped by the stringency of the money market. Hovey, Humphry and Co. have posted a notice that depositors will be paid in full. No statement has yet been made as to the assets and liabilities, but depositors do not seem to have any fears, and many say that if the bank should open this afternoon they would not draw. The cashier stated in an interview today that the assets, notes and property would amount to nearly three times the liablities. No attachments have been issued and, probably, there will be none. The bank strongly asserts that it will pay every dollar to the depositors, but in order to realize on their credits at once they would be compelled to go into court and crowd their patrons. This they did not feel disposed to do, and when they failed to secure assistance from Portland and San Francisco banks, they concluded to take plenty of time to it, and let matters shape themselves when the money market should be easier. Some excitement was created on the streets and a run was threatened on the other banks, but they were fully able to pay every demand promptly. Albany, Or., June 20.-The excitement over the financial flurry has quieted down. The official statement of the suspended bank's condition will show, it is stated, assets sufficient to pay depositors every dollar. Los Angeles, June 20.-The University Bank and the City Savings Bank closed their doors this morning. The president of the City Bank says that the bank has closed temporarily in order to collect money from its loans and securities. He says depositors will be paid in full. The closing of the University Bank, which is a commercial bank, was a surprise. It has a notice on the door to the effect that depositors will be paid in full. Washington, June 20.-The comptroller today received Messrs. Newberry and Wood, of the Citizens' National Bank of Spokane, Wash., who wish to make some arrangement for reopening that bank. No agreement satisfactory to Eckles could be made. The bank will either go into voluntary liquidation or a receiver will be appointed. Nashua, N. H., June 20.-The Colony Manufacturing Company has failed, liabilities, $168,000, assets, about half. The company was engaged in the manufacture of woolens. Chattanooga, Tenn., a June 20.-The City Savings bank, as a result of a run, has been forced to suspend. Assets, $475,000, liabilities, $225,000. All depositors will be paid in full.

11. June 21, 1893 Fort Worth Gazette Fort Worth, TX
Article from Fort Worth Gazette, June 21, 1893

Click image to open full size in new tab

Article Text

BUSINESS. BROKE BY A BLUNDER Chattanooga, Tenn., June 20.-The City Bavings bank of this city was forced to close last night on account of an unfortusate blunder whereby they were confounded with a colored institution that suspended last Saturday, known as the Peasy Savings bank. It assigned Nature day with loss than $6000 liabilities, and a messenger of Dun & Co. telephoning the fact to the chief banks of the city, used the name "City Savings" instead of "Peany saving;" but the error was corrected. Seeds of distrust, however, were town, the bank depositors got wind of the report and withdrew over $20,000 Saturday and over $40,000 yesterday, The withdrawal was so unexpected that the bank was forced to assign. Assets are given at $475,000; liabilities, 8223,200. The amount due depositors is $216.DOO. Nothing is due any local banks. G. H. Jarnagin was named as assignee. All depositors will be paid in full.

12. June 21, 1893 The Roanoke Times Roanoke, VA
Article from The Roanoke Times, June 21, 1893

Click image to open full size in new tab

Article Text

A Blunder Broke the Bank. CHATTANOOGA, June 20.-The City Savings bank of this city was forced to assign on account of an unfortunate blunder whereby they were confounded with a colored institution that suspended last Saturday, known as the Penny Savings bank. The seed of distrust was SOWN and the bank depositors' withdrawal was SO wholly unexpected that the bank was forced to assign. Assets, $475,000; liabilities, $225,000.

13. June 21, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, June 21, 1893

Click image to open full size in new tab

Article Text

ECKLES WILL NOT HAVE IT. I The Citizens' Bank of Spokane Will Hardly Resume Just Now. WASHINGTON, June 20.-The Comptroller to-day received Messrs. Newberry and Wood of the Citizens' National Bank of Spokane, Wash., who wished to arrange for the opening of that bank. No agreement satisfactory to Eckels could be made, and the bank will either go into voluntary liquidation or a receiver will be appointed. CHATTANOOGA, June 20.-The City Savings Bank, as a result of a run, has been forced to suspend; assets, $475,000; liabilities $225,000. All the depositors will be paid in full. NASHUA, N. H., June 20.-The Colony Manufacturing Company has failed. Liabilities, $168,000: assets, half. The company was engaged in the manufacture of woolens.

14. June 21, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, June 21, 1893

Click image to open full size in new tab

Article Text

A Chattanooga Bank Suspends. CHATTANOOGA`, Tenn., June 20.-The City Savings bank, as the result of a run, has been forced to suspend. Assets, $475,000; liabilities, $225,000. All depositors will be paid in full.

15. June 22, 1893 Echo De L'ouest Minneapolis, MN
Article from Echo De L'ouest, June 22, 1893

Click image to open full size in new tab

Article Text

La Shell Lake Savings Bank de Rice Lake a fermé sea portes. Fermée également la banque de New Hanover N. O. Passif 300,000 dollars. La Chicago Desk Manufacturing Co. a suependu ses parements. Tombée eat la City Savings Bank de Chattanoago, Tenn. Par ordre de l'inspecteur des banques la "Bank of Plainville Kan,' a suspendu ses paiements. La banque de Washburn Wisc., a fermé ses portes. La "First National Bank" d' Arkansas City a fait faillite. Passif 600,000 dollars. M. Harry F. Legg, le plus grand bijoutier de Minneapolis a déposé son bilan.

16. June 22, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 22, 1893

Click image to open full size in new tab

Article Text

BUSINESS TROUBLES. The Citizens' Savings bank, of Portsmouth O., has failed. The Ellsworth Packing and Provision Com. pany. of Chicago, assigned on June 21. H. c. Tucker & Co., private bankers of But. falo, N. Y.. closed their doors June 20, Sloan, Johnson & Co., wholemale grocers of Omaha, have assigned. Liabilities, $300,000; as. sets, $250,000 The Lane County bank, of Eugene City, Or., suspended on June 20, but business mea still retain confidence in is The excitement over the Albany. Or., bank suspension is quieting down and 11 is thought the bank will pay in full. Newberry and Wood, of the Citizens' National bank, of Spokane, waited on Comptroller Eckele on June 30, but failed to come to any agreement about reopening the bank. The Colony Woolen Manufacturing Company. of Nashua. N. H., failed on June 29 with liabil ities of $168,000 and assets of half that amount The City Savings bank, of Chattanooga, Tenn, as a result of a run, was forced to suspend on June 20, with assets of $475,000 and liabilities of $225,000.

17. June 23, 1893 Vermont Phœnix Brattleboro, Bellows Falls, Ludlow, VT
Article from Vermont Phœnix, June 23, 1893

Click image to open full size in new tab

Article Text

There are 15 cases of scarlet fever at Waitsfield and the village schools have been closed. Two anarchists attempted to assassinate the ex-premier of Spain at Madrid Tuesday night. The bomb exploded in front of the premier's house of the official, and one of the anarchists was blown to pieces and the other badly wounded. The 10th reunion of the Orange County veterans was held at Strafford Tuesday. Over 100 veterans escorted Gov. Fuller from the residence of Senator Morrill to the hall, with music by the Sharon band. Col. George W. Flagg presided. Speeches were made by Gov. Fuller, Department Commander Doty, Senator Morrill Congressman Powers and others. Business failures: The Cassell Publishing company of New York has gone into liquidation. Dunham, its manager, is said to be a defaulter. A receiver has been appointed for the Oil Wells Supply company of Pittsburg, Pa., a concern with a capital of $1,500,000. Its assets are $2,500,000 and its indebtedness $1,100,000. The City Savings bank of Chattanooga, Tenn., and the bank of New Hanover at Wilmington, N. C., have assigned.

18. June 23, 1893 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, June 23, 1893

Click image to open full size in new tab

Article Text

THE following dispatch shows how easily and quickly a perfectly solvent thank may be brought to bankruptcy during H financial panic under our present system of private banks: "CHATTANOOGA, TENN., June 20.The City Savings bank of this city was forced to assign last nightowing to an unfortunate blunder, whereby it was confounded with the Penny Savings bank for colored people, which suspended last Saturday, with less than $6,000 liabilities. A messenger of Dunn & Co. in telephoning the intelligenee to the chief banks of the city, used the name "City Savings" instead of "Penny Savings, but the error was immediately corrected. The bank deposito 8 became alarmed and withdrew over $20,000 Saturday and over $40,000 yesterday. The withdrawal was so wholly unexpected that the bank was forced to assign. The ussets are given Ht $475,000, liabilities $225,000."

19. June 24, 1893 The Superior Times Superior, WI
Article from The Superior Times, June 24, 1893

Click image to open full size in new tab

Article Text

FAILURE FOLLOWS A BLUNDER. Tennessee Bank Forced by a Mistake to Make an Assignment. CHATTANOOGA, Tenn., June 20.-The City Savings Bank of this city assigned last night on account of a blunder whereby they were confounded with a colored institution know as the Pennv Savings Bank, that suspended last Saturday with less than $6, 100liabilities. The depositors of the City Savings Bank got wind of the unfortunate report and withdrew over $20,000 Saturday and $40,000 resterday. The assets are given as $475.000 and the liabilities $225,000. The amount due depositors is about $216,000.

20. June 27, 1893 The Progressive Farmer Raleigh, Winston-Salem, Winston, NC
Article from The Progressive Farmer, June 27, 1893

Click image to open full size in new tab

Article Text

THE CHATTANOOGA BANK. It is Thought it May Resume Business. CHATTANOOGA, Tenn., June 20.-The City Savings Bank, which assigned last night, may resume business within sixty days. Twenty-five hundred depositors were caught in the fall, and many of them have been standing around the bank this morning all anxious as to the money they had in the bank. The outlook is that they will be paid in full. Some slight runs were made on the other banks, but nothing of a serious nature was noticed. The Chattanooga Savings Bank enforced a rule of sixty days' notice to withdraw long time deposits, in order to protect itself. A feeling of nervous excitement is apparent, but the other banks are solid enough. Among the small depositors who had their savings in the bank there is a general feeling of distrust which will wear off in time. At all of the banks the officers prepared to meet a run if one was mauu, but the people are remarkably cool and no great rush is noticeable.

21. June 30, 1893 Idaho County Free Press Grangeville, ID
Article from Idaho County Free Press, June 30, 1893

Click image to open full size in new tab

Article Text

FINANCIAL TROUBLES. Lane County Bank, at Eugene, Is Closed Temporarily. EUGENE, Or., June 20.-The Lane County bank, the oldest financial institution in this county, failed to open its doors this morning, having become cramped by the stringency of the money market. Hovey, Humphrey and Oo. have posted a notice to the effect that the depositors will be paid in full. No statement has yet been made as to the assets and liabilities, but depositors don't seem to have any fears, and many say that if the bank should open this afternoon they would not draw. Two Failures in California. Los ANGELES, Cal., June 20.-The City savings bank and the University bank closed their doors this morning. The president of the City bank saye that the bank is closed only temporarily, in order to collect money from its loans and securities. He says the depositors will be paid in full. The closing of the Uuiversity bank, which is a commercial bank, was a surprise. It has a notice on the door to the effect that depositors will be paid in full. Liabilities, $225,000; Assets, $475,000. CHATTANOOGA, Tenn., June 20.-The City savings bank as a result of a run, has been forced to suspend. Assets, $475,000; liabilities, $235,000. All depositors will be paid in full. Liabilities, $168,000; Assets, $84,000. NASHUA, N. H., June 20 -The Colony manufacturing company has failed. Liabilities, $168,000; assets, half. The company was engaged in the manufacture of woolens.

22. July 1, 1893 Macon Beacon Macon, MS
Article from Macon Beacon, July 1, 1893

Click image to open full size in new tab

Article Text

A Savings Bank Assigns. The City savings bank of Chattanooga, Tenn. has assigned. Assets, $470,000; liabilities not more than half. Depositors will be paid in full.

23. July 7, 1893 The Bolivar Bulletin Bolivar, TN
Article from The Bolivar Bulletin, July 7, 1893

Click image to open full size in new tab

Article Text

A Savings Bank Assigns. The City savings bank of Chattanoo ga, Tenn., , has assigned. Assets, $470,000; liabilities not more than half. De. positors will be paid in full.

24. July 14, 1893 The Forrest City Times Forrest City, AR
Article from The Forrest City Times, July 14, 1893

Click image to open full size in new tab

Article Text

A Savings Bank Assigns. The City savings bank of Chattanoo ga, Tenn., has assigned. Assets, $470,000; liabilities not more than half. De positors will be paid in full.