South Side Savings Bank (Milwaukee, WI)

Episode Information

Episode UID
5077612791122
Episode Type
Run → Suspension → Closure
Bank Type
savings
Bank ID
507761279 hash
Start Date
June 5, 1893
Location
Milwaukee, Wisconsin (43.039, -87.906)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fb880096077d61e4

Response Measures

None

Description

Cashier disappeared and large losses from his speculation were later revealed.

Events (3)
1. June 5, 1893 Run
Cause
Local Banks
Cause Details
Runs/nervousness triggered by failures/plankinton bank and other local failures increased small-depositor panic.
Measures
Prominent local guarantors (e.g., Pabst, Niblein, Blatz, Mrs. Schandein) guaranteed payment of deposits to allay depositor nervousness.
Newspaper Excerpt
A run is now in progress on the South Side Savings Bank.
Source
newspapers
2. July 22, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failed to open amid heavy city runs; subsequent revelations showed large embezzlement/defalcation by cashier and insolvency.
Newspaper Excerpt
The South Side Savings Bank did not open its doors this morning.
Source
newspapers
3. August 19, 1893 Receivership
Newspaper Excerpt
Receiver Barth, of the defunct bank, has already found that $139,000 of the bank's money went that way.
Source
newspapers

Newspaper Articles (24)
1. June 6, 1893 Grand Rapids Herald Grand Rapids, MI
Article from Grand Rapids Herald, June 6, 1893

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BETTER FEELING AT MILWAUKE A Special Jury to Investigate the Plankinton Bank Failure MILWAUKEE June 5.-The situation at the banks today is about the same as at the close of business on Saturday. There was a run of small depositors on the South Side Savings bank. but the nervousness of depositors was allayed by the announcement that Captain Fred Pabat. August Niblein, Val Blatz and Mrs. Emil Schandein had guaranteed the payment of all the money deposited in the bank Judge Wallber of the municipal court has given discussion of the Lappen failure and the suspension of the Plankinten bank a fresh start by announcing that be will call a grand jury to investigate the dealings of the firm with the stranded bank.

2. June 6, 1893 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, June 6, 1893

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STILL THEY GO. More Private Banks and Mercantile Firms Go to the Wall. CHICAGO, June 6.-Meadowcraft Bros. & Co., private bankers, doing a commission paper business similar to that of Herman Schaffner & Co., the banking firm which made an assignment on Saturday, closed their doors yesterday. The assets and liabilities are not stated. The concern is one of the oldest in the city. Kansas City, Mo.-The Kansas Grain company, which claims to be the greatest buyer of grain from producers in the world, has failed. The assets and liabilities will each be large. The company has elevators in towns and cities in Kansas representing an investment of $150,000. All of these elevators contain more or less grain. The company was incorporated some five years ago with a capital stock of $50,000. The cause of the failure as stated by the officers here is the tight money market. Chicago.-Weissenbach & Co., clothing dealers, failed to-day. Liabilities, $75,000; assets, $50,000. Milwaukee.-The - failure of Frank A. Lappen & Co. and the Plankinton bank will be investigated by A grand jury. A run is now in progress on the South or Side ple block Savings the bank. side-walk Some in 200 front 300 of peo- the bank, but everything is quiet and orderly. There is a slight run on the Second Ward bank, but the demand on the Commercial bank seems to have subsided. Sandusky, Ohio.-The doors of the Sandusky Savings Bank company, which closed Saturday night upon what was generally supposed to be one of the soundest and safest institutions of the city, failed to open yesterday. The trouble is ascribed directed to the heavy though groudless run that was made on the bank some weeks ago, and which it stood manfully at the time, paying out upward of $60,000 within two days, when the run ceased as suddenly as it had begun. The available assets of the bank will aggregate fully $300,000, while the liabilities, at an outside estimate, are only $250,000, and it was ior that reason that an assignment was decided upon rather than a receivership.

3. June 6, 1893 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, June 6, 1893

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SITUATION AT MILWAUKEE. Business Men Not Alarmed at the Flurry. The Panic Among Small Depositors. MILWAUKEE, WIS., June 5.-A run is now in progress on the South Side Savings Bank. There is a slight run on the Second Ward Bank, but the demand on the Commercial Bank seems to have subsided. Affairs at other banks are about in their normal condition. The failure of F. T. Day, late on Saturday seems to have increased the nervous fears of small depositors. Business men are not in the least alarmed at the situation, and predict that the flurry will end in a day or two, unless it is aggravated by more failures. The failures of Frank A. Lappen & Co. and the Plankinton Bank will be investigated by the grand jury. The grand jury called to investigate the matter of the recent affairs convened late this forenoon and Judge Wallber delivered his charge. He spoke about the firms and then read sections of the statutes referring to the obtaining of credit by false statements and to the acceptance of deposits when bank officials know that the bank is not in a sound condition. The first section, the court stated, referred to the Lappen matter, and the other to the Plankinton Bank. The action of Judge Wellber has created a sensation.

4. June 6, 1893 The Times Richmond, VA
Article from The Times, June 6, 1893

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one of Welsebach's stores on a bill of sale. E. A. Armstrong & Co., dealers in uniforms, made a voluntary assignment this morning; assets are stated to be $275,000; liabilities $105,000. The firm for twenty years has been manufacturer and dealer in uniforms, regalla, society and church goods In this city and Detroit. The assignment was precipitated by an attachment suit filed in the superior court by E. Sawyer for $5,000 for merchandise claim. In the absence of the members of the firm Saturday evening the sheriff took possession of the store and held it till this morning, when the attachment suit was satisfied and a stipulation to that effect filed in the superior court. The news of the filing of the suit had gone abroad, and attachments were threatened from all the creditors. To avoid that contingency and to save themselves and all their creditors they made a voluntary assignment, which they expect will be temporary only. A Savings Bank Assigns. SANDUSKY, O., June 5.--The doors of the Sandusky Savings Bank, which closed Saturday upon what was generally supposed to be one of the soundest and safest institutions of the city, were not opened this morning, but displayed the following announcement: "Owing to inability to realize upon assets at this time, this bank has been compelled to assign. All depositors will be paid in full." The present trouble is ascribed directly to the heavy, though groundless, run that was made on the bank about ten weeks ago, and which it withstood successfully at that time, paying out $60,000 within two days, when the run ceased as suddenIy as it had begun. This drain upon its immediate available resources handicapped the bank seriously, although it has been doing as much or more business since the flurry than before, such confidence did the people, especially the business community, have in its stability. Some heavy demands upon it during the closing days of last week, however, precipitated the crisis this time. Runs on Milwaukee Banks. MILWAUKEE, June 5.-Runs were started to-day on the Second Ward Bank and Southside Savings Bank, but neither of them assumed very serious proportions. The failure of F. T. Day Plankington Bank seems to have increased the nervous fears of small depositors. Business men are not in the leat alarmed at the situation, and predict that the flurry will end in a day or two unless it is aggravated by more failures. This, however, did not allay the apprehensions of those outside, and for a while the crush was intensified. The bank officials did not seem to be in the least alarmed The officers and directors of the bank are all wealthy Germans. Herman Felsenthal is president and Jacob Gross vice-president. It has a capital of half a million dollars. Its table report made to the State auditor on May 10th showed deposits of $1,200,000. The appearance of the crowd during the run indicated that the depositors were largely of small or limited means. Fully 20 per cent. were women. A run was also started on the Dime Savings Bank, at 104 Washington street, this afternoon. This institution has deposits aggregating $600,000, and among its directors are Colonel Robert C. Clowry, vice-president of the Western Union Telegraph Company and ex-Senator C. B. Farwell. President Bailey of the bank says he has a dollar and a half for every dollar deposited, but the greater part of the money is tied up in securities. He does not know how long the bank can stand the run, but expects to pull through The bank has a capital stock of $100,000 and a surplus of $50,000. There was a run on the Hibernian Bank, one of the largest saving institutions in the country. Depositors were paid off at the rate of three a minute. The deposits amount to $3,500,000 and the officers of the bank believe they can stand the run. A run on the Prairie State Savings Bank, which started Saturday, was resumed this morning. The officers are confident that they have ample means available to meet all demands from depositors. The bank's business is practically confined to the west side.

5. June 6, 1893 Pawtucket Tribune Pawtucket, RI
Article from Pawtucket Tribune, June 6, 1893

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COMPELLED TO ASSIGN. Several Western Banks and Business Firms is Financial Difficulties. SANDUSKY, O., June 6.-The doors of the Sandusky Savings Bank company, which closed Saturday night upon what was generally supplosed to be one of the soundest and safest institutions of the city, were not opened yesterday. Great excitement resulted Liabilities are about $300,000; assests, $300,000. KANSAS CITY, June 6.-The Kansas Grain company, a big commission house with branches all over Kansas, has failed. CHICAGO, June 6.-E. A. Armstrong & Co., dealers in uniforms, made a voluntary assignment. Assets, $275,000; liabilities, $105,000. CHICAGO, June 6.-The property of A. Weisenbach, a clothing and shoe merchant, was seized by the sheriff. The liabilities are about 875,000; assets, $50,000. CHICAGO, June 6. -A run on the Prairie State Savings bank which began Saturday was resumed yesterday. MILWAUKEE, June 6.-A run is in progress on the South Side Savings bank. There is a slight run on the Second Ward bank, but the demand on the Commercial bank seems to have subsided. CHICAGO, June 3.-Mendoweroft Bros. & Co., private bankers doing a commercial paper business, closed their doors. The concern was one of the oldest in the city. Their assets and liabilities are not known. CHICAGO, June 6.-A run started on the Dime Savings bank yesterday afternoon. This institution has deposits aggregating $600,000. The greater part of the money is tied up in securities, but is perfectly safe. NEW YORK, June 6.-The Shoe and Leather National bank has given notice that it will not clear for the Canal Street bank after today. This will make it necessary for the Canal Street bank to go into liquidation. The deposits are about $450,000. WASHINGTON, June 6. -Comptroller Eckels was informed that the Merchants' National bank of Fort Worth, Tex., capital $250,000, failed. The bank was closed on an order of the directors, and Bank Examiner Stone was placed in charge.

6. June 6, 1893 Morning Journal and Courier New Haven, CT
Article from Morning Journal and Courier, June 6, 1893

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LONG LIST OF FAILURES. I A Big Chicago Banking Concern Closes Its Doors-Runs on Other Banks. CHICAGO, June 5.-Meadowcraft Brothers & Co., private bankers, doing a commercial paper business, closed their doors this morning. The concern was one of the oldest in the city. Their assets and liabilities are not known. Lyman F. Crandall has been appointed receiver. PANIC AT CHICAGO. CHICAGO, June 5.-The State Bank of Commerce is experiencing a heavy run this afternoon. It started just before noon. Its annual report made to the state auditor on May 10, showed deposits of $1,200,000, surplus and undivided profits of $25,600, against which it had about $300,000 in cash, the balance being covered by loans and discounts, overdrafts and bonds. SANDUSKY BANK CLOSES. CLEVELAND, June 5.-The doors of the Sandusky Savings bank, which closed Saturday night upon what was generally supposed to be one of the soundest and safest institutions of the city, were not opened this morning, but displayed the following announcement: "Owing to inability to realize upon assets at this time, this bank has been compelled to assign. All depositors will be paid in full." Some heavy demands upon it during the closing days of last week, however, precipitated the crisis this time. KANSAS GRAIN COMPANY HAS FAILED. KANSAS CITY, Mo., June 5.-The Kansas Grain company, a big commission house with branches all over Kansas, has failed. RUN ON TWO MILWAUKEE BANKS. MILWAUKEE, June 5.-A run is now_in progress on the South Side Savings bank. There is a slight run on the Second Ward bank, but the demand on the Commercial bank seems to have subsided. Affairs at other banks are about in their normal condition. RUN ON A CHICAGO BANK. CHICAGO, June 5.-A run on the Prairie State Savings bank, which started Saturday, was resumed this morning. WILL NOT CLEAR. NEW YORK, June 5.-The Shoe and Leather National bank gave notice that it will not clear for the Canal street bank after to-morrow. This will make it necessary for the Canal Street bank to go into liquidation. Its deposits are about $450,000. The notice was only sent out late this afternoon. Ii was not the regular notice, but merely a warning to other banks not to take any checks on the Canal Street bank, and the regular notice that the Shoe and Leather bank would cease to act as the redemption agent for the Canal Street bank would be sent out later in the day.

7. June 8, 1893 Echo De L'ouest Minneapolis, MN
Article from Echo De L'ouest, June 8, 1893

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FAILLITES DE BANQUES L "Exchange Bank" de Glad stone, Mich., a fait faillite. C'est une conséquence de la faillite d6 la "Plankinton BaLk" de Mi'waukee. MM, SAuger, Moody et Steel de Jolliet, Ill., ont fait faillite. La "Patt r's Bak" one des plus vieilles banques du comté de Paulding, Ohio, viont de fermer ses portes. Elle avait été établie en 1874 et faisait des affairea considérables. MM Ch-vraton, Martin et Cie banquiers avenue Ogden à Chra go viennent de déposer leur bilan Passif 100.000 dollare. Lq "Merchants National Bank," la plus vieille de Tacoma, Wash., a suspendu BEB paremente. Son capital était de $250,000. La Plankin'on Bai k" de Mil waukee, a fait failli'e. MM. Hermann, Schaffner et Cie banquiers de Chicago ont déposé leur bilan On dit que Schaffner B'est suicidé. La "Bank of Beresford," S. D vient de fermer ses portes. A sa tête se trouvait A. A. Amee. La "Sandusky Savings Bank Company" de S ndueky O. a suspendu 803 paiements. La "M rchants National Bank" de Fort Wo th Texas, à fermé ses portes. La "Canyon Bank" de Spokane à fait faillite. -MM. Madowaraft frères, banquiers de Chicago, ont déposé leur bilan. A Milwaukee la "South Side Savinga Bauk" et la "Second Ward Bank" sont sur le point de suivre l'exemple d - 8 banques BUB nommée3. Il en est de meme de la "Illinois Trust & Savings Bank of Chica go."

8. July 22, 1893 The Evening World New York, NY
Article from The Evening World, July 22, 1893

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PANIC IN MILWAUKEE. Two More Banks Close-Runs on the Others. Louisville Gets a Touch of the Financial Flurry. State National Bank at Knoxville Closes Its Doors. MILWAUKEE, July 22.-The Milwaukee National Bank and South Side Savings Bank failed to open their doors this morning. Runs are now in progress on all the leading banks in the city. LOUISVILLE, Ky., July 22.-The Kentucky National Bank, of this city, closed its doors this morning. The capital stock is $1,000,000 paid up. This bank is also a Government depository and its last statement showed $190,000 to the credit of the Government. The loans and discounts outstanding amounted to $1,719,966.50 and the surplus was $108,500. KNOXVILLE, Tenn., July 22.-The State National Bank closed this morning after opening four minutes. The notice posted on the door says: "This bank has closed for liquidation. Depositors will be paid in full." Lisabilities and assets not known outside.

9. July 23, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, July 23, 1893

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$286,012.46; due creditors on time, $735,452; due others not included under above holdings, $25,000; total, $1,158,965.17. G. C. Trumpff was president of the Southside Savings Bank and J. B. Koetting cashier. Runs which started on all the banks early in the day were still in progress this afternoon. The crowds at several of the banks had increased in consequence of the spread of the news that the Southside Savings Bank and Mil waukee National Bank had failed. Therun on the Merchants' Exchange Bank was probably the heaviest, but the crowd at the Second Ward Bank was not so large. The Merchants' Exchange Bank paid out money freely, and its officers said they were confident they would be able to meet every demand. The depositors in the Second Ward Bank are mainly German working people, whoseemed to have become panio-stricken, despite the fact that the bank 18 backed by wealthy brewers, who have given a personal guarantee for everything in the bank. The air was full of rumors of failures and impending failures in mercantile circles, but up to noon no suspensions had occurred. President Trumpff, of the South-side Savings Bank. said depositors had been making very large withdrawals during the past month. while collections had been impossible. The officials and directors decided that they could do business no longer under the circumstances and concluded that in the interests of the patrons and themselves it would be better to suspend without further delay. While they hope to be able to resume after the storm has blown over, they are not able to state anything definite. The closing of the Milwaukee National Bank was a surprise even to some of the stockholders. J. M. Pereles, who owns a block of the stock. says there 18 no reason why the bank should have closed except that the officers vereafraid to stand a run. A statement a few days ago showed that the bank had assets in excess of liabilities amounting to between $500,000 and $600,000. People who were not posted could not believe that the bank, which was one of the oldest in the city. had failed and scores of people walked into the entrance, read the brief notice announcing the bank's suspension, and walked out again. The run on the Merchants' Exchange Bank began subsiding later in consequence of the posting of a guarantee signed by Charles Pfister, the Vogels, John Black, Julius Gall and other wealthy stockholders. A repetition of the guarantee, made at the time of the Plankinton Bank tailare, by Captain Pabst and other brewers, will doubtlees be made at the Second-ward Savings Bank. Bernard and Jacob Gross, comprising the firm of Gross Brothers, soap manufacturers. have confessed judgment in the sum of $21,014. on notes made April 30. 1892, and May 18,1892, in favor of Leopold Gross.

10. July 23, 1893 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, July 23, 1893

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Sundry Banks Suspend. [By telegraph to the Dispatch.] MEMPHIS, TENN., July 22.-The Citizens' Bank of Jellico, Tenn., the only banking institution in that place, failed to open for business yesterday. No figures known. GREELEY, CoL., July 22.-The Union Bank made an assignment yesterdav. It 18 thought the step was voluntarily taken to avoid a contingency that might arise should some creditor take advantage of the attachment law. The bank is perfectly solvent and not a depositor will lose a dollar. VERNON, TEX., July 22.-The State National Bank of Vernon closed its doors yesterday. Every cent of money was paid out, except ten cents, before the doors were closed. The failure was due to inability to realize on securities. The directors state that depositors will be paid in full. LOUISVILLE, Kr., July 22.-The Kentucky National Bank, this city, closed its doors this morning. Capital stock $1,000,000. paid up. This bank is also a government depository and its last statement showed $190,000 to the credit of the government. The loans and discounts outstanding amounted to $1,719,966, and the surplus was $108,500. MILWAUKEE, WIS., July 22.-The SouthSide Savings Bank did not open its doors this morning. There is a heavy run on the German-American and Merchant's Exchange banks. KNOXVILLE, TENN., July 22.-The State National Bank closed this morning atter opening four minutes. A notice was posted on the door saying: This bank has closed for liquidation. Depositors will be paid in full." MILWAUKEE, WIS., July 22.-The Milwaukee National Bank closed its doors this morning. LAMPASAS, TEX.. July 22.-The private banking-house of J. & L. W. Galbraith failed to open its doors yesterday having made an assignment to J. I. Campbell. Liabilities $60,000; assets. $120,000. A run on the First National Bank started, but it was fortunately in a position to withstand all demands. The depositors in Galbraith's Bank will be paid in full. TOPEKA, KAN., July 22.-The First National Bank of Anthony closed its doors yesterday. Assets, $154,000; liabilities, $50,000. RUSSELL, KAN., July 22.-The First National Bank, of this place, closed this afternoon and was taken possession ot by C. M. Sawyer on the order of the Comptroller of the Currency. No statement is made.

11. July 26, 1893 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, July 26, 1893

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Closed to Gain Time. MILWAUKEE, Wis., July 25.-The Wisconsin Fire and Marine Insurance Bank has closed its doors. The last statement of the Fire and Marine bank rendered on the first of the month gave the total liabilities at $8,946,344. Cashier Murphy has made the following statement: "We have been subjected to a constant drain for some time, and have realized on every asset on which the bank could get money on short notice. "We felt that under existing circumstances it was only a question of time when suspension would inevitably come and therefore decided to close. This bank is not insolvent by any means and only` time is needed to realize enough money to meet every liability." Cashier and Ledger Missing. MILWAUKEE, July 25. - John A. Koetting, cashier of the defunct South Side Savings bank, has disappeared from the

12. July 26, 1893 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, July 26, 1893

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ABBREVIATED TELEGRAMS. A Georgia delegate to the Monona lake assembly advocates settling the race problem by establishing a separate state for negroes. Obituary: At Lake Geneva, Wis., Arthur Kaye, proprietor of Kaye's Park hotel. At Ottawa, Ont., Christopher S. Patterson, supreme court judge, aged 70. A New York report says that Grand Master Workman Powderly, of the Knights of Labor, has resigned, and that James J. Linehan, president of the Trade and Labor Assembly of Chicago, is likely to be his successor. Nicaraguan revolutionists have shelled the city of Ma: agua. Two persons were killed and many buildings damaged. United States Minister Baker and representatives of other foreign powers have sent a formal protest to the revolutionary junta. A genuine volcano is reported to have been discovered four miles south of Ponca, Neb. The Plainview (Neb.) State bank, which was burglarized of $3,000 in cash Sunday night has suspended. A cyclone at Cale, I. destroyed a number of buildings and ruined crops. John B. Koetting, cashier of the South Side Savings bank at Milwaukee, which failed Saturday, has mysteriously disappeared. The National Bank of the Commonwealth and the Bank of New England at Manchester, N. H., have suspended. The Ohio Transfer and Storage company's building at Columbus, 0., were burned, causing a loss of $300,000. By the bursting of a boiler the flouring mill of Kenny & Newgard at Hawarden, Ia., was wrecked, entailing a loss of $3,000, not covered by insurance. Frank Chapman, engineer, was seriously injured. The contract for building the Milwaukee city hall has been let to Paul Riesen for $696,348. The convention of Christian Endeavor at Montreal cost the local committee over $100,000, and claims are accumulating in excess of that amount Russian crop prospects have greatly improved. A fairly large yield is now expected, especially of rye, the chief breadstuff of the nation. Statistics gathered by the German imperial commission on labor show that in many parts of the empire the duration of work exceeds fifteen hours daily. The Merchants' National and Louisville Deposit banks, at Louisville, have suspended. This makes four Louisville banks that have collapsed in the last three days. Depositors will lose nothing. Simmons Liver Regulator, bear in mind, is ot an experiment. It is endorsed by thousands

13. July 27, 1893 Wheeling Register Wheeling, WV
Article from Wheeling Register, July 27, 1893

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for The of Insurancht due Julyenting the the held bank few The closed. after had bor& B. since Dum May this The July Avery into an solvent, hold already $300, acthe 46 due on unfin is exof the this their and the Ex no was indicacept as erane tion start every got who while there were of out their drew be not what might in did stand at the their of who them those in and quietly had who but did they smaller most of the d none in the by growds. 26. July Executions $71,000, La Roche issued of Credit July cityleneral of The prices ized $500.dition fiat. the close day heavy silver Depart ounce 7030 per and which stock local dition listed than Many here ruined. that over lost been far So no from resulted The First Iowa, Centre, that has The and Texas, of day, the Bank Findla to Ohio, failed on the time, expectation next. One thouYORK, July hundred of bu was allion gold purin for to-day chased shipment in London dollars here. hundred hundred and day, came gold Havaua due Havel. 26. o. M. July of and esident Five in from day on Clarence of tional Bank National Hillsboro, was States Ohio, United at warrant warrant John States and before the verman Hillsboro, by Attorney on Inited E. brougJohn Bruce. embezzline with bank's Combarged funds with report and also to to the the He on His bond of the entries Currency 1893. fixed by 000. and not the false the May was being was the Overman to He jail. plead not agioner at to-day will be given 26. July Senator of the colJohn lapsed WIS. President Fire Insur- will company dollar pay dollar hearing MILWA Mitche Marine and the time. bank He ally are David Ferguson law late Wisconsing if given nassed liable by the owed 1880 for cent bank. no every the betting. J.B. trace There of the Side South cashier Savings missing its doors Bank, which Monday. He and him, bank has ledger of in ations wheat rumors the with bank failure. 26. July WIS.. MIL Goldsmith & etc., Co., made dealers to this late Henry is 0.000. bond M.J. DEN Lawwas of the Bank, rence, People Nathe his office 2 after block tional Bank a in on warrant larceny charging of with the the savings of out was connect The bank. warrant is and court, sworn Justice Lebot's in to Casey behalf William of his who Casey, Sophia of same by wife. the bank marrant to arrested upon also C. Washier he, Eliosident Lawrence of charkThe Charge and upon too. was which the pro the that banks Mrs. rithin from Schrader called for upon the the p. m. are brought is deposit 30 days Casey of to the time This of to be failure be by the held the law of the officials was the bank insolmakes vent. for larficials is such offense one nor than centigonment more HORSE ROASTED, Early Fire

14. July 28, 1893 The Times Owosso, MI
Article from The Times, July 28, 1893

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resumed business, as did also the Second national at Ashland, Ky. By an explosion of dynamite in a shanty in Minneapolis Gus Olson was blown into fragments. MISSES ELIZABETH WALTERS and Mabel Hallett, of New York city, were drowned while bathing in the surf at Shell Bank, Long Island. W. R. SHOEMAKER, of Metropolis, Ill., killed George and Richard Lukens and then committed suicide. A lawsuit caused it. MASCOT defeated Hal Pointer and Flying Jib at Detroit, pacing five heats in less than 2:08 and breaking the world's record. A NEGRO who assaulted and murdered the 9-year-old daughter of Carr Elliott in Lafayette county, Fla., was hanged by a mob. REV. GEORGE STOCKING, of Leavittsburg, O., who was suffering from poor health, ended his misery by cutting his throat. WILLIAM NAPIER and family, of Columbus, O., were badly poisoned by eating cabbage on which paris green had been spread. DEFECTIVE sewerage was causing a dangerous landslide in Cincinnati and many houses had already been completely wrecked. A CARELESS cigarette smoker started a fire in Little Goose Canon, Wyo., and much valuable timber was destroyed. OFFICERS of the revenue cutter Rush report the discovery of an active volcano near Cape St. John, Alaska. MRS. VANERSCHEK, a farmer's lfe at Rutledge, Minn., was held up by two masked men and robbed of $400. AN explosion in a coal mine at Edwardsville, Pa.., fatally injured William Jones, Martin Brennan, B. Wilson and Patrick Malai. THE American line steamship Paris made the run from Southampton to New York in 6 days 9 hours and 30 minutes, breaking all previous records. THE percentages of the baseball clubs in the National league for the week ended on the 22d were as follows: Philadelphia, .649; Boston. .639; Pittsburgh, 576; Cleveland, .568; Brooklyn, .464 Checknate 124 Ballimore. $209' Chic. ......................... New '894' Inois's 7S Tousis- :80F' .448 'O.Sto 'T98' FIRE burned one whole block at Paulding, O., and part of another, causing a loss of $200,000. AN unknown yacht was capsized east of Deer Island, Mass, and John W. Johnson, Albert T. Scott and Joseph Murphy were drowned. GEORGE BAGNELL, aged 71, and his grandson, aged 7, were drowned in Great South pond near Plymouth, Mass. THE gates of the world's fair were closed on Sunday. TRAMP miners from Colorado state that the suffering there is terrible, and that authorities are suppressing the facts. DUNCAN, BREMER & Co.'s sawmill at Duluth, Minn., burned, causing a loss of $100,000. MASKED men carried away Mrs. McDonald and her two children from a farmhouse near Fort Wayne, Ind. LUTIE LASELLE, of Seymour, Ind., an only daughter, 16 years of age, poisoned herself with arsenic rather than take a My By the recent assessment in Kansas the railroads in the state must pay $10,500,000 more than in 1892. AN apparent shortage of $36,000 was discovered in the records of the state auditor of Kansas in connection with the sale of public school lands. IN Milwaukee the Milwaukee national and the South Side savings bank closed their doors, and the State national bank at Knoxville, Tenn., and First national at Russell, Kan., were forced to suspend. FRANK WALLER, of Indiana, broke the 25-mile bicycle record, making the distance in Detroit in 1 hour 6 minutes and 10 seconds. GROUND will be broken in San Francisco this week for the California Midwinter exposition, which is to follow the world's fair. FLAMES in the Keifer building in New Orleans caused a loss of $100,000 and J. E. McDonald, a fireman, was suffocated. CHARLES W. DE PAUW, the millionaire manufacturer at New Albany, Ind., made an assignment with liabilities of $400,000. THE Misses Plant, of Nunica, Mich., arrived at the world's fair grounds, after walking all the way from Muskegon, Mich., 220 miles. The journey

15. August 4, 1893 New-York Tribune New York, NY
Article from New-York Tribune, August 4, 1893

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THE MILWAUKEE NATIONAL BANK SOLVENT. Milwaukee, Wis., Aug. 3.-Bank Examiner Lynch has finished his examination of the books of the Milwaukee National Bank of Wisconsin, and has forwarded his report to the Controller of the Currency. He says the bank is solvent. Mr. Lynch will remain in charge of the bank until It resumes or until it is put into the hands of a receiver for the winding up of its affairs. The Grand Jury was called to-day to investigate the South Side Savings Pank fullure. The president, G. C. Trumpff. and the cashier, J. B. Koetting, are missing. Affairs of the bank are In bad shape, and depositors will probably lose everything.

16. August 20, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, August 20, 1893

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IN THE WHEAT PIT. The Milwaukee Cashier Dropped his Money in ( hicago. MILWAUKEE, Aug. 19.-John B. Koetting the defaulting cashier of the South Side Savings bank. who is under arrest at Denver, it now develops squandered a large amount of the bank's money in board of trade speeniation. Receiver Barth, of the defunct bank, has already found that $139,000 of the bank's money went that way. Mr. Koetting was a have customer of Jacob Wurster, a south side commission and board of trade operator. Mr. Wurster negotiaccu me deals, and, in case of losses, which seem to have been quite frequent. drew on the South Side Savings bank. and his checks were honored. In this manner Mr. Wurster's checks were allowed to accumulate in the bank until the amount figured awav up in the thousands. When Receiver Barth began to investigate he thought Mr. Wurster had simply overdrawn his account, and the investigation revealed Koetting's speculations, which have been carried on under cover for many months.

17. August 21, 1893 The Morning News Savannah, GA
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SOUTHSIDE SAVINGS BANK. How Its Resources Were Squandered by Cashier Koeting. Milwaukee, Wis., Aug. 20.-The money of the Southside Savings Bank which John B. Koeting squandered while cashier went into deals on the board of trade. Receiver Barth says $139,000 disappeared in that way. Koeting dealt through Jacob Wurster,a commission man, and the latter, in cases of losses, drew on the bank, his checks being honored by Koeting. On the books it looked as if Mr. Wurster had overdrawn his account, whereas the transaction was simply a means of collecting Koeting's debts.

18. August 21, 1893 St. Paul Daily Globe Saint Paul, MN
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IN THE WHEAT PIT. The Milwaukee Cashier Dropped His Money in Chicago. MILWAUKEE, Aug. 19.-John B. Koetting the defaulting cashier of the South Side Savings bank, who is under arrest at Denver, it now develops squandered a large amount of the bank's money in board of trade specnlation. Receiver Barth, of the defunct bank, has already found that $139,000 of the bank's money went that way. Mr. Koetting was a heavy customer of Jacob Wurster, a south side commission and board of trade operator. Mr. Wurster negotiated the deals, and, in case of losses, which seem to have been quite frequent, drew on the South Side Savings bank, and his checks were honored. In this manner Mr. Wurster's checks were allowed to accumulate in the bank until the amount figured away up in the thousands. When Receiver Barth began to investigate he thought Mr. Wurster had simply overdrawn his account, and the investigation revealed Koetting's speculations, which have been carried on under cover for many months.

19. August 22, 1893 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, August 22, 1893

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KOETTING SPECULATED. His Peculations and Losses Foot Up to $130,000. MILWAUKEE, Aug. 22.-John B. Koetting, the defaulting cashier of the South Side Savings bank, who is under arrest at Denver, it now develops, squandered a large amount of the bank's money in board of trade speculation. Receiver Barth of the defunct bank has already found that $139,000 of the bank's money went that way. Mr. Koetting was a heavy customer of Ja-

20. October 12, 1893 Oxford Eagle Oxford, MS
Article from Oxford Eagle, October 12, 1893

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PERSONAL AND GENERAL. THE situation at Brunswick, Ga., on the night of the 2d, was worse than at any time since the outbreak of the yellow fever, if that were possible. Twelve new cases had developed up to 5 p. m. There were two new cases on St. Simon's island, off Brunswick and four at Jekyll island. The total number of cases reported since the epidemie began was 122. SECRETARY HESTER'S New Orleans cotton exchange statement, issued on the 3d. shows the smallest movement of cotton into sight for September since 1888, the total amounting to 505,249, against 506,178 last year, 832,317 the year before and 856,438 for September. 1890. A SOUTH-BOUND fast freight train on the Cleveland, Cincinnati, Chicago & St. Louis road ran into some heavily loaded flat cars which had been carelessly left by a local freight crew near Edgemont, O., on the 3d, causing an ugly wreck and killing two tramps and fatally injuring two others. JOHN B. KOETTING, cashier of the failed South Side savings bank of Milwaukee, under indictment for illegal banking, failed to appear in court on the 2d, and his bond of $15,000 was declared forfeited. Koetting was recently taken back from Denver, after much trouble, and put under bonds to appear. THE president and Mrs. Cleveland, Ruth and little Esther will become-comfortably settled in their beautiful country home in Woodley Lane, just outside of the city of Washington, within a few days. It is one of the finest locations in the District of Columbia. DORA PETERS, a 16-year-old girl living near Lafayette, Ind., committed suicide by hanging herself in a barn on the 1st. Her body was discovered on the morning of the 2d. She was a bright, vivacious girl and no reason can be given for her rash act. THE town of Baku, capital of the Russian government of that name on the west shore of the Caspian sea, has become practically bankrupt owing to the costly anti-cholera regulations enforced by the government. TELEGRAPHIC communication with the island of Santa Catharina, which is reported to have fallen into the hands of the insurgent Brazilians, has been suspended. Two men entered the depot at Divide, Col., on the evening of the 2d, and held up the agent and operator and robbed the office of $150. The robbers crawled through the ticket office window and used the agent's rifle, which stood ready for his use in anticipation of a possible attack. THE province of Santa Fe has been pacified, and the whole of the Argentine republic is now quiet. PAID admissions to the World's fair on the 5th were 154.755. PAID admissions to the World's fair on the 6th were 179.965. THE missing furs, valued at $10,000, stolen from the exhibit of Pavel Greenwaldt, of Russia, at the World's fair were found by a detective, on the 4th, nicely rolled up and placed in a chest found standing against a wall in Manufactures building. Five employes of the Russian section were arrested on suspicion of complicity in the theft. THE contract of Wells, Fargo & Co. with the Southern Express Co., will expire in little more than a month. Half a dozen express companies are preparing bids for the contract, among them the Adams Express Co. The Wells, Fargo Co. have for nearly half a century had the control of the business of the Pacific coast. THE Newshy infantry barracks at Roslavl, province of Smolensk, Russia, were burned on the night of the 4th. About 400 men ran out in their night clothes. Of sixty who were driven to the roof and were obliged to jump for their lives, eleven were killed and eight were injured so that they will die. Twenty-three men and five non-commissioned officers were burned to death and many others are missing.

21. October 26, 1893 The Farmers' Union Memphis, MO
Article from The Farmers' Union, October 26, 1893

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quested to remain on the train, which car- ried them on eastward. In the last two weeks 300 have passed through Tucson eastbound on freight trains -An infant son of John Mammons died in terrible agony at Elkhart, Ind., from drinking muriatic acid left by some tin- ners. - Comptroller Eckels addressed the con- vention of the American Bankers' Associa- tion on the lessons of the recent panic. - President Trumpff and Cashier Koet- ting, of the failed Milwaukee South Side Savings Bank, were indicted by the Grand Jury. - The freight steamer Mergullo, from a Mexican port, has arrived at Boston with thirteen supposed cases of yellow fever. - On discovering that she had paid $13,000 for brass fillings instead of gold dust Mrs. Elizabeth Fries, of New York, fell dead! - Ex-Senator Fair, of California, has dis- inherited his son, whose reported arrest proves to have been false. - The twenty-fifth anniversary of Car- dinal Gibbons' elevation to the bishopric was celebrated at Baltimore with imposing ceremonies. - Lord Dunraven has sailed for home, convinced that the Valkerie, through weather conditions, was unable to show her real merits. - It is really phenomenal the success with which Mr. Wm. H. Crane has met in his new comedy, "Brother John," at Mc- Vicker's Chicago Theater. The house is crowded nightly, and the play is of a na- ture that all can readily enjoy. Mr. Crane waxes affable more and more as he seems to be approaching nearer to the proprietor- ship of the planet, and the people with him play with the enthusiasm that success al- ways inspires. Mr. Thos W. Keene will follow Crane, commencing on Monday evening, Nov. 6. Mr. Keene has with him this season a young girl not over 15 years old, who is said to play the characters of Desdemona and Juliet with the ability which almost amounts to genius. Her name is Florence Rockwell and she is a protege of Mr. Keene.

22. January 11, 1894 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, January 11, 1894

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so WAGS THE WORLD. RICHMOND, Ind., Jan. 10.-The Starr piano works burned this morning. Loss, $300,000; insurance, $40,000. MINNEAPOLIS, Jan. 10.-Ignatius Donnelly was elected president of the Minnesota State Farmers' alliance this morning. NEW BRUNSWICK, N. J., Jan. 10.-C. S. Schepflin and P. Sehultz. manufacturing clothiers at Plainfield, N. J., assigned. Assets, $287,000; liabilities, $179,000. DENVER, Jan. 10.-Judge Lewis B. Aiken, one of the oldest jurists in the West, died last night of apoplexy. He was well known in Omaha and Galesburg, III. DENVER, Jan. 10.-All dealers in lignite coal have signed an agreement for forming a trust this morning. The price has advanced from $2.50 and $1.25 per ton to $4. Eighty dealers are in the combine. EVANSTON, Wyc., Jan. 10.-G. W. MeGarth, superintendent of the Union Pacific company coal department, has posted a notice offering a reward of $10,000 for information leading to the arrest of the persons who set fire to mine No. 7 at Almy. INDIANAPOLIS, Jan. 10.-E. P. Husten and E. O. Hopkins of Evansville have been appointed receivers of the Peoria, Decatur & Evansville railway. The appointments were made at Springfield, III., yesterday on application of D. J. Mackey, president of the company. SALTILLO, Mexico, Jan. 10.-A bloody battle occurred at Cuantrolios, the result of an old feud between the Velasco and Panjora families. The heads of the families were killed in the beginning. Since then three Velascos and two Panforas have been killed. leaving three on each side. MILWAUKEE. Jan. 10.-The trial of John B. Keating, cashier of the wrecked South Side Savings bank. was begun this morning. The defendant entered a plea attacking the jurisdiction of the court. It was overruled. The work of securing a jury is in progress.

23. January 18, 1894 Grant County Herald Lancaster, WI
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Over a Milllion Short. Milwaukee, Jan. 16.-August P. Conrad, the expert accountant who was engaged by Receiver Barth to go over the books of the South side savings bank, gave sensational evidence in the Koetting trial Monday. It shows that the bank was one of the greatest bubbles recorded since the days of the South Sea island venture. In resources the bank has only $244,000, against liabilities of $1,376,000.

24. April 28, 1895 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, April 28, 1895

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KOETTING'S VICTIMS. They Get Another Five Per Cent Dividend. MILWAUKEE, Wis., April 27.-Receiver Barth, of the South Side Savings bank, authorizes the statement that a dividend of 5 per cent will be paid about May 1. This will make altogether 10 per cent that has been paid to depositors, as 5 per cent was disbursed by Mr. Barth just before Shristmas. There are about 3,000 names on the list of depositors. The second dividend was ordered by Judge Austin today. Mr. Barth's report shows that there is now on hand $70,664.39 with which to pay the dividend. It is set forth that the amount of claims proven against the bank is $1,304,280.33. The nominal value of the assets is $789,642.65, and the liabilities, deducting the payments already made, amount to $1,247,364.59. The receiver states that the amount actually paid in previous dividends is $68,527.23. Cashier Koetting will be placed on trial again next month.