5099. Exchange Bank of Normal (Normal, IL)

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: May 16, 1893
Location: Normal, Illinois (40.514, -88.991)

Metadata

Model: gpt-5-mini
Short Digest: 472eac49

Response Measures

None

Description

Contemporary articles (May 16–27, 1893) report the Exchange Bank of Normal (a private bank run by W. F. Schureman) closed its doors May 16 and is later described as suspended. Reports state the bank was doing business without capital, had deposits about $90,000 and assets very small; the proprietor was arrested on allegations of receiving deposits while insolvent. No reopening is reported; likely permanent closure. Cause classified as bank-specific adverse information (insolvency/illegal practice).

Events (2)

1. May 16, 1893 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank proprietor conducted a private bank doing business without capital; insolvency and alleged improper receipt of deposits while insolvent led to closure/suspension.
Newspaper Excerpt: The Exchange Bank of Normal, a suburb of this city closed its doors today. It was a private bank conducted by W. F. Schureman. The cause of the failure was doing business without capital.
Source: newspapers

2. May 26, 1893 Other

Newspaper Excerpt: There is great excitement in Normal, Ill., over the failure of the Exchange bank of that city, and the president has been arrested for receiving deposits after he knew the bank was insolvent.
Source: newspapers

Newspaper Articles (11)

1. May 16, 1893 Deseret Evening News Salt Lake City, UT

Article from Deseret Evening News, May 16, 1893

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IN THE WORLD OF BUSINESS Erratic Movements on the New York Stock Market. American Stocks Unsettled in the London Market-Announce. ment of Failures. N EW YORK, May 16.- A million dollars in gold has been taken for shipment to Europe tomorrow. The stocks opened firm, fractionally higher. Cordage preferred were 5 higher at 55; common were also better at 161. The impression prevails that the condition of the company is better than at first supposed. Movements after opening were exceedingly erratic, being alternately weak and strong. The bears made frequent raids, but met more effective opposition than heretofore. Rock Island rose from 70% to 711; broke to 691; railled to 70. Other grangers were firmer, St. Paul selling up 683; Burlington to 84. Cordage, common, fell from 16 to 15. Atli the market quiet and steady. LONDON STOCK MARKET. LONDON, May 16.-The stocks were unsettled, lower, notably American stocks. There was much excitement, owing to heavy selling orders from the continent. R. Hodgson & Sons, brokere, well known for 30 years, have failed. Another small firm has also gone to the wall. At noon the stocks were calmer with a disposition to await developments, accompanied, however, by feeling of general distrust and disinclination to trade. Argentine secureties are very flat. A BANK FAILS. LONDON, May 16.-The failure was announced this morning of the City of Melbourne bank, limited. The bank has a manager in this city. The stocks were weak, lower after 11 and then became firmer. Cordage, common, rose 161, preferred jumped 6 pointe to 61. There was sharp borrowing demand for stocks, some of which commanded is premium. NOT YET SUSPENDED. MINNEAPOLIS, May 16.-The Northwestern Guaranty Loan company has not yet suspended, though the officers admit that the financial stringency will probably compel them to do so. It is aunounced that Investors will probably be paid in full. President Menage thinks there will be no loss to either investors er stockholders. There is a much easier feeling today in bustness circles. ATTACHMENT GRANTED. NEW YORK, May 16.-Attachment has been granted against West Superior Iron and Steel company for $95,000 in favor of the Atlantic Trust company. A LIQUOR DEALER FAILS. DETROIT, May 16.-Herman C. Feehheimer, a leading wholesale liquor dealer, has failed. Two weeks ago his partner, Thos. Swan, caused his arrest on a charge of fraud. Hewas released on ball and has not been seen since. Bank officials say that much of the $100,000 of Feihheimer's paper held by the bank is forged. Cincinuati banks are also said to hold a large amount of forged paper. Closed Its Doors. BLOOMINGTON, May 16.--The Exchange Bank of Normal, is suburb of this city closed its doors today. It was a private bank conducted by W. F. Schureman. The cause of failure was doing business without capital. It has been expected for some time. The deposits averaged $90,000; the capital stock was supposed to to be $25,000.

2. May 17, 1893 The Helena Independent Helena, MT

Article from The Helena Independent, May 17, 1893

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VAST DISCREPANCIES. Assets Estimates at Millions Shrink to Thousands. SIOUX CITY, Ia., May 16.-E. B. Spaulding, assignee of the Ed. Hankinson estate, has filed a schedule. Total value of assets is put at $24,245, as against Hankinson's scheduled total of $1,877,788, a discrepancy of $1,853,534. The explanation is that the bulk of securities originally scheduled were hypothecated previous to the failure. In the matter of the Sioux City Dressed Beef and Canning company's assignment, H. J. Taylor. as assignee, also filed an amended schedule of assets. which places the total valuation of available property at $38,257 as against the assignee's valuation of $836,198, A discrepancy of $797,941. The difference in valuation in this case is also attributed to hypothecation of securities, large amounts of which were floated by the defunct Tnion Loan and Trust company. WATERLOO, Iowa, May 16.-The First National bank at Codar Falls suspended at the close business yesterday, being involved by the assignment of Wm. M. Fields & Bro.. who failed Monday, and who controlled a majority of the stock. Field & Bro. are among the largest importers of draft and coach horses in the west and their failure is due to the ineline of stock which they handle. Liabilities of the bank are estimated an $100,000 to $150,000, while the personal liabilities of the Fields will be fully as much or more. No statement of asset can be given as yet. DETROIT. May 16.-Herman - C. Fechbeimer, leading wholesale liquor dealer, failed. Two weeks ago his partner. Thos. Swan, caused his arrest on the charge of fraud. He fled. A bank official admits that much of the $100,000 of Fechheimer's paper held by the bank is forged. Cineinnati banks are also said to hold a large amount of forged paper. PITTSBURG. May 16.-Judgements aggregating nearly $150,000 were filed to-day against Godfrey & Clark. paper manufacturers. The total judgments issued 80 far will reach $250,000. The solicitor of the firm SATS its assets will exceed half a million dollars. BLOOMINGTON, III., May 16.-The Exchange bank of Normal. a suburb of this city. closed its doors to-day. it was a private bank. conducted by W. F. Sobureman. The cause of the failure was doing business without capital. NEW YORK, May 16.-Erastus Wiman has made a general assignment for the benefit of creditors. Wiman would not make a formal statement, merely saying the assignment is without preference. NEW YORK. May 16.--Attaehments have been granted against the West Superior Iron and Steel company for $95,000 in favor of the Atlantic Trust company.

3. May 17, 1893 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, May 17, 1893

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First National Bank of Cedar Falls, Io., Suspends Payments WATERLOO, 1.0, May 16. The First National bank of Cedar Falls suspended close of business yesterday. being the assignment of & Brother, which involved at M. the Fields by was William filed this and who a stock. Field & are ity of morning the control Brother majorthe largest importers of draft horses in the West. among coach decline and is due to the which they of the at $100,000 to and estimated failure stock liabilities $150,000, handle. bank the Fields while their The are in the personal liabilities of will be fully as much more. No state- The ment of assets can be given as yet. resources consist of 125 imported draft of coach horses, and vast tracts and land in Iowa, the Dakotas and Kansas. The bank is in the hands of the comptroller of the currency. It is said to all be solvent, and will be able to pay claims in full. The creditors. 152 in number, are mostly farmers from the surrounding country. WASHINGTON, May 16. -Comptroller Eckles has bean informed of the failure of the First National bank of Cedar Falls, Io. Bank Examiner John McCough has been ordered to take charge of the bank. The comptroller today appointed Albert Watkins, of Lincoln, Neb., receiver of the First National bank of Ponca, Neb. He also appointed David Armstrong, of Little Rock. Ark., receiver of the First National bank of Little Rock, vice Logan H. Root, resigned. GRAND RAPIDS Mich. May 16.-In the United States circuit court today a decree in foreclosure was handed down, and a judgment in favor of the Farmers' Trust and Loan company, of New York, the for $36,397.80 was entered against The Toledo & South Haven railway. road is thirty miles long, narrow gauge, and runs from South Haven to Lawton. BLOOMINGTON. III., May 16.-The Exchange Bank of Normal, a suburb of this city, closed its doors today. It was private banking institution, conducted a H. Schuereman, and the cause is business without has been expected some average $90,000, was supposed to be May 6.-Erastus doing The tal by The NEW W. stock deposits crash YORK, adequate $95,000, and capital. Wiman timer capi to made a general assignment Lawyer today David Bennett King, of 44 Pine The assignment was signed by Mr. and Assignee would not make any street. Wyman Wyman King. that formal Mr. the statement. He merely said assignment was without any preference. MILWAUKEE, May 16.-H. Penner & whose bedding factory was burned today. Co., last week, made an assignment Assets. $20,000; liabilities, not stated. MONROEVILLE, Ind., May 16.-The Bank of Monroeville, which its doors last Friday a on hour had depleted its closed Citizens' one after business cash run of has opened its doors for that it hand, this morning, with a statement inwould pay dollar for dollar ou all debtedness. NEW YORK, May 6.-An attachment $95,000 against the West Superior the for Iron and Steel company in favor ot of Atlantic Trust company, the trustée Cecil B. Griffith, was granted by attach- Judge Andrews today. Copies of the Cenhave been served upon the tral ment Trust company and Knickerbocker Trust company. PITTSBURG, May 16. - Judgments been entered in court here today have against the Godfrey & Clark Paper bringing the total against the company, up to $94,000. The firm hopes, and however, company to weather the trouble soon resume business. CHARLESTON, S. C., May 16.-The with of the Bank of the Carolinas, doors office at Florence, this state, closed home today with a notice of temporary suspension until a meeting of the directThe capital stock of the bank is ors. $60,000. It has branches at Kingstree, nearly Conway, Williston and Varn- in ville, in this state, and several towns North Carolina. It is belleved that the bank has assets to cover all indebtedness. Stringency of the money market and consequent inability to realize on securities held by the bank is the cause of the failure. SIOUX CITY, 10., May 16. - E. B. assignee for Ed Haakinson's to. filed his schedule of The total value of assets day. estate, Spalding, values to which he will have access is $24,245, as against Haakinson's scheduled total of $1,877,7SS, a discrepancy of The explanation is that of the the $1,853,534. bulk securities hypothe- originally scheduled had been cated previous to the failure. In the matter of the Sioux City Dressed Beef and Canning company assignment. also H. J. Taylor, as assignee, the filed an amendment to schedule of assets which place the total valuation of available property at as against the assignée's valuaa discrepency difference in valuation is also attributed to the 841. $38,257, case tion of The $836,198, amounts hypotheca- of in $797, this of tion of securities, large the which have been floated through nany. defunct Union Loan and Trust com-

4. May 21, 1893 Tombstone Epitaph Tombstone, AZ

Article from Tombstone Epitaph, May 21, 1893

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BY WIRE. : SAN FRANCISCO - The Chronicle prints an article to the effect that , bloody highbinders' war is about to 8 break out in Chinatown. Placards were posted throughout the Chinese quarter, offering a reward of $300 for the life of Gam Lee, president, and t Sam Yup, two of the most influential members ot the Chinese Six Com. t panies. Gam Lee immediately notified the a police and placed himself under their b protection, and beside caused counter placards to be put up offering $500 for D information leading to the discovery, arrest and conviction of his pursuere. The grievances of highbinders against GAM Lee are numerous, but his particular offense consisted in advice to all Chinamen not to register under the Geary act. Now that deportation is to be the consequence of their failure to comply with the law, and that highbinders and the criminal element to be expelled from the country, they propose to hold Gam Lee accountable for their misfortunes. SAN FRANCISCO-Gen. W. H. Dimond expressed great surprise when informed of the dispatch from Washington last night announcing that President Cleveland had reappointed him superintendent of the mint here. He said he had heard nothing about the matter at all, and was inclined to believe the report was incorrect, though, in view of the fact that he had sent in his resignation two months ago, he thought it possible the president had appointed him temporarily until his permanent successor could be named SAN FRANCISCO-The Chronicle says a compromise has been effected over the disputed physicians' bills preferred by Drs. Keeney and Morse against John W. Mackay for extracting Rippey's bullet and attending him during his resultant illness. Keeney's charge was $7,500 and Morse's $5,000. The former ag.ees to accept $5,000 and the latter $3,000. Keeney made 45 visits, Morse 26. It is said the settlement was reached through the offices of Richard Dey, private secretary to Mr. Mackay. The milli naire at first declared in most emphatic terms that he would not pay the bills nor anything like them. NEW YORK-A morning paper has received authoritive information that the Six Componies had and still have agents at work throughout the country collecting $5 from every Chinaman on American soil. This collection is independent from one recently made openly, whose ostensible purpose was raising funds to defray the expenses of counsel in fighting the Geary act in the courts. BLOOMINGTON-The Exchange bank of Normal, a suburb of this city, has closed its doors. It was a private bank conducted by W. F. Sclueraman The cause of the failure was, doing a large business without any capital, It has been expected for some days. The deposits averaged $90,000. The capital stock was supposed to be $25,000. CHARGESTON, S. C.-The doors of the Bank of the Carolinas, with the home office at Florence, this state, are closed, with the notice of a temporary suspension until the meeting of the directors. The capital stock of the bank is $60,000. MINNEAPOLIS-The Citizens' Bank suspended payment this morning. A notice on the door says that depositors will be paid in full. Officials declare the bank is perfectly solvent and the suspension is simply due to in.

5. May 25, 1893 The Sun Morris, MN

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Miscellaneous Items. The Exchange Bank of Normal, Ill., has suspended. The deposits are $90,000. Twenty cases of small pox are reported at Lunenberg, Va. Erastus Wiman's liabilities are. $600,000. The Michigan anti-Pinkerton bill has become a law. The New York proves to be probably the fastest armed cruiser in the world. The Northern Pacific directors adopt a plan to fund the floating debt. Director General Davis, of the world's fair, calls upon Theodore Thomas to resign as musical director. At a concert in New York the sum of $10,000 was subscribed toward the Irish home rule fund. Final awards of damages growing out of the Baltimore affair in Chili have been made at San Francisco. The Pillsbury-Washburn flour mill combine at Minneapolis passed its semi-annual dividend, pleading unsatisfactory business. Owing to a press of official business Goy. McKinley will not accept the appointment to the board of visitors to the naval academy, tendered him by President Cleveland. The Write Star line, to retain its prestige on the sea, will construct a steamship 700 feet long, or about 20 feet longer than the Great Eastern, with engines of 45,000 horse power. Surgeons in attendance upon State Senator-elect James Fales of Barrington, R. I., have been compelled to amputate his tongue on account of a rapidly developing cancer. Monopolies, combinations and trusts have had their day in New York State. Gov. Flower has signed the bill which makes them a misdemeanor. Hereafter every person who takes part in such combine is liable to a fine of $50,000, or a year's impriscnment, or both. The steamer Zambrino, sailing under the has in adelphia Norwegian after being flag, illegally arrived detained at Philthe Magdalena river by the United States of Colombia. Indirectly owing to the course of the Colombian government the captain and seven sailors of the Zambrino were drowned. The owners of the cargo will demand $50,000 damages.

6. May 25, 1893 The Sun Morris, MN

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Miscellaneous Items. The Exchange Bank of Normal, Ill., has suspended. The deposits are $90,000. Twenty cases of small pox are reported at Lunenberg, Va. Erastus Wiman's liabilities are $600,000. The Michigan anti-Pinkerton bill has become a law. The New York proves to be probably the fastest armed cruiser in the world. The Northern Pacific directors adopt a plan to fund the floating debt. Director General Davis, of the world's fair, calls upon Theodore Thomas to resign as musical director. At a concert in New York the sum of $10,000 was subscribed toward the Irish home rule fund. Final awards of damages growing out of the Baltimore affair in Chili have been made at San Francisco. The Pillsbury-Washburn flour mill combine at Minneapolis passed its semi-annual dividend, pleading unsatisfactory business. Owing to a press of official business Goy. McKinley will not accept the appointment to the board of visitors to the naval academy, tendered him by President Cleveland. The Write Star line, to retain its prestige on the sea, will construct a steamship 700 feet long, or about 20 feet longer than the Great Eastern, with engines of 45,000 horse power. Surgeons in attendance upon State Senator-elect James Fales of Barrington, R. I., have been compelled to amputate his tongue on account of a rapidly developing cancer. Monopolies, combinations and trusts have had their day in New York State. Gov. Flower has signed the bill which makes them a misdemeanor. Hereafter every person who takes part in such combine is liable to a fine of $50,000, or a year's imprisonment, or both. The steamer Zambrino, sailing under the Norwegian flag, has arrived at Philadelphia after being illegally detained in the Magdalena river by the United States of Colombia. Indirectly owing to the course of the Colombian government the captain and seven sailors of the Zambrino were drowned. The owners of the cargo will demand $50,000 damages.

7. May 26, 1893 The Iola Register Iola, KS

Article from The Iola Register, May 26, 1893

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LIZZIE BOLT, the woman accused of the murder of Detective Lowenstein, at Cincinnati, was acquitted. She was indicted for murder in the first degree, but the court ordered the jury to return a verdict of not guilty. Thus the tragedy goes down as a suicide. Lowenstein was found dead in his room with a bullet-hole in his head. The Bolt woman was his mistress. THE local directory of the world's fair decided to open all portions of the fair on Sundays and return the conditional grant of $2,500,000 to the government A COMPROMISE has been effected between the imprisoned St. Clair county, Mo., judges and the bondholders at 50 cents on the dollar at 4 per cent. interest. This makes the debt $400,000 with $16,000 annual interest. BY the capsizing of a tug and dredge boat on Lake Conneaut, O., five persons were drowned. THE world's fair continues to be short of funds. The running expenses are $45,000 daily. The pay of janitors and helpers has been long overdue. THE First National bank, of Cedar Falls, Ia., has failed. HUGH ADAMS, aged 85, has sued his wife, aged 62, at Martinsville, Ind., for divorce. SCHUREMAN'S private bank at Normal, III., has closed. IT is said that ex-Secretary John W. Noble will soon take up his residence in Oklahoma having in view his elevation to the United States senate when the territory is admitted to statehood. THE government commission has been inspecting the work on the Missouri river in the vicinity of Kansas City. ONE phase of the Sunday opening of the world's fair is that the directors believe that it will entail financial loss rather than gain as is generally supposed. THERE is some talk of the Chemical National Bank of Chicago resuming. THE C., B. & Q. directors have been re-elected WARREN & Co., of the Chicago board of trade, have assigned. FIRE at Starbuck, Wash., destroyed the Union Pacific car and machine shops, nineteen locomotives and all other railroad property except the coal bunkers. Loss, $300,000. Ex-SENATOR VAN WYCK, of Nebraska, suffered a stroke of paralysis which may result fatally. THE Santa Fe wants a return rate of $16.50 to the world's fair from Missouri river points. THE failure of the First National bank at Cedar Falls, Ia.. shows peculiar transactions. THE National bank of Evanston failed, causing great excitement in that suburb of Chicago. LAWSON RUNYON, a prominent Cherokee. was shot and killed by ex-Deputy United States Marshal Creekmoor. CHARLES H. JONES, editor .of the St. Louis Republic, has resigned his office to Charles W. Knapp, president and publisher, though still retaining his interest in the paper. THE Oakland, Cal., ferryboat Bay City ran a containing down and all rowboat drowned. five persons were A DAM restraining the water of Lakes Ida and Milton, in Minnesota, broke and a large area of land was flooded with the escaping water. NINE young men have been arrested for distributing boycotting circulars against the firm of Diel & Bro., gents' furnishings, St. Louis. JAMES E. MURDOCK, the well known tragedian and teacher of elocution, died at Cincinnati on the 19th. He was 83 years of age. R. ELLIOTT, of Kansas City, Mo., captured the Missouri state trophy as the champion wing shot in the state tournament. He killed thirty straight birds. JUDGE RICKS, at Cleveland, O., appointed a receiver for the Clover Leafthe Toledo, Kansas City & St. Louis railway. THERE is great excitement in Normal, III., over the failure of the Exchange bank of that city, and the president has been arrested for receiving deposits after he knew the bank was insolvent.

8. May 26, 1893 The Great West Saint Paul, MN

Article from The Great West, May 26, 1893

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e e notes ISSUED by the omcials of the Cordage Trust and the individual firms. New York banks hold a large amount of this paper. It was estimated that six or eight of them have close to $1,500,000 of it. At least two names appear upon it, of course, but in all cases its value practically depends upon the credit of the Cordage Co. New England holds about $3,500,000 of Cordage Trust notes, and Western banks also have a good load of it. Cincinnati, Chicago and St. Paul especially seem to have a surfeit of promissory notes. The question naturally arises that if it only required $1,500,000 to operate the trust for a year, what has become of the $8,000,000 or 80 over and above that which has been emptied into the coffers of the concern in New York City. It must be accounted for in some way. The inference is that the money was used to pay margins on stock speculations and was eaten up in the slump of last week. Stockholders are likely to ask by what authority this action was taken and it is likely that before the thing is settled the courts, civil and otherwise, will have to take a hand in settling matters satisfactorily. The heaviest loser is said to be Mr. John C. Furman, the brother-inlaw of J.M. Waterbury. Mr. Furman last winter told any number of his friends that he had made over $150,000 in Cordage stock alone. Attaches of his office were credited with having cleared $75,000, $65,000 and other large sums. It was the policy of the Cordage people to sow these reports broadcast and with them to give "tips" to their friends at the clubs. The first slump in Cordage occurred about the middle of January and wrecked the small speculators. It "cleaned out" the clubmen and there was much bitter feeling against Mr. Waterbury at the various clubs to which he belonged. Mr. Furman's gorgeous entertainments stopped immediately and he disappeared from active social life for a time. The payment of the dividend recently, which, it has since been claimed, was drawn from the capital and not from the earnings of the corporation, renewed confidence in the stock and a number of people invested just before the last crash. A Kansas City Special says: William Deering & Co., of Chicago, have slapped an attachment of $1,000,000 on the property in this city of the National Cordage Co., otherwise the Binding Twine Trust. Sheriff O'Neil and three deputies worked all last night makiug the levies on twine stored in Kansas City warehouses and by daylight were in possession of 1,250,000 pounds. The attachment is only one of the many which have been run against the Cordage Co. in various cities throughout the country since the collapse of Cordage stock last Friday. Another special from Omaba says: The troubles of the National Cordage Trust have bobbed up in Omaha. An attachment was issued yesterday by the District Court against the property of the company here and in Lancaster County to satisfy a claim of $100,000 held by William Deering Co. of Chicago. The Sheriff was directed to siezethe property, but the attorney for the plaintiff had neglected to designate the property and could not be found. The writ was temporarily suspended. Fina." cial Matters. The financial outlook is stin as threatening as during the past three months. It looks very much as though we were drifting rapidly upon the rocks of Goldbug ruin. Even the N. Y. World has partially renounced the cry against silver-and financiers everywhere are stretching their lethargic limbs. This no-gold gold-standard folly is the silliest self-blindness that ever darkened the human mind. The National bank of Australia makes the seventh out of the ten large Australian banks, which has failed within a few weeks. The cause is not difficult to find. Russia and Austria as well as England are in the world's market as purchasers of gold. The withdrawal of gold from Australia decreased the volume of currency and depressed values. The banks demanded more security for their loans and refused credits. This disturbed confidence and people began to withdraw their deposits. As a gold standard, with not gold enough to go round, requires popular confidence for undisturbed transaction of business, it follows that a panic at almost any time is possible. In other words, gold is no standard at all unless people believe in it. It is not in itself an honest measure of value. The government of Victoria has decided to gather all the private savings banks into one system and attach them to the postal savings banks to be run by public officials. This marks the growing distrust of private banking institutions.-New Nation. From the first of May, this present year, up to the 15th of said month note the bank failures that have taken place, and then if you can with this two week's wreck staring'you in the face shout with the plutes and gold bugs of the "here-to-fore unknown prosperity of the land." The Chemical National Bank of Chicago closed its doors on May 7th. Its deposits exceeded $1,500,000. The Columbia National Bank of the same city closed business on May 4th. The deposits were said to be nearly a million and a half dollars. The Capital Stock of the bank was $1,000,000. R. R. Robinson & Co., bankers and brokers failed May 11. The sheriff seized the property. Liabilities about $350,000 nominal assetts $204,000. This was in Wilmington, Del. The Capital National bank of Indianapolis, Ind., suspended on May 11th, no statement has yet been given out. The state bank of Russiaville, Ind., did not open its doors on May 12th. In Michigan, May 12th, the bank of Charlevox made an assignment, also a local bank at Lawton left its citizens $18,000 in the hole, on the same date. A private banking firm of Williamsburg, Ohio, was put upon the dead list on or before midnight of the woeful 12th of May. On the 15th, the Farmers and Merchants state bank of Minneapolis breathed its last-with a word to its weeping depositors-" expect to resume in a few days. In Denver, Colo., on the same date, a banker and real estate dealer made an assignment. Assets $591,860 and the liabilities $507,389. Now these "few" depressions are within our own border land, and across the lines into foreign realms we have the collapse of the bank of Victoria, Milbourne, Australia, whose subscribed capital was $1,200,000, the liabilities are about double that amount. Again in Australia, the bank of North Queenland and the Queensland National bank have suspended, the deposits in the latter were £8,500,000. On the 15th, the cables announced the suspension of the Commercial Banking Company of Sydney, MS. W. The capital was £600,000. This last collapse is making a great feeling of anxiety on the London Stock Exchange. Crush, Crash, Smash. But why agitate the situation? The day of reparation is passed and the hour of retribution is upon us. Another one added to the many gone before. The exchange bank of Normal, III., went under on the 15th. The proprietor has been arrested under five different warrants sworn out by depositors charging him with embezzlement under the act which provides that those doing business cannot receive deposits after insolvency. Liabilities of the bank are something like $100,000. Assets about $3,500. Later.-The smashes are getting so numerous we have to give up listing them.

9. May 27, 1893 The Washburn Leader Washburn, ND

Article from The Washburn Leader, May 27, 1893

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Miscellaneous Items. The Exchange Bank of Normal, Ill., has suspended. The deposits are $90,000. Twenty cases' of small pox are reported at Lunenberg, Va. Erastus Wiman's liabilities are $600,000. The Michigan anti-Pinkerton bill has become a law. The New York proves to be probably the fastest armed cruiser in the world: The Northern Pacific directors adopt a plan to fund the floating debt. Director General Davis, of the world's fair, calls upon Theodore Thomas to resign as musical director. At a concert in New York the sum of $10,000 was subscribed toward the. Irish home rule fund. Final awards of damages growing out of the Baltimore affair in Chili have been made at San Francisco. The Pillsbury-Washburn flour mill combine at Minneapolis passed its semi-annual dividend, pleading unsatisfactory business. The world's fair passenger whaleback steamer Christopher Columbus, an immense craft, is launched at West Superior. The National Negro Democratic club has appealed to Cleveland for recognition of colored men in appointments to offices in the South. Adolph Atrcmet, agent of the Etna Fire Insurance association at Indianapolis, Ind., fell dead on the streets of that city. It is decided by the world's fair directors to return the $2,500,000 given in aid of the fair by the government, and keep the exposition open Sundays. There was a run on the Plankinton Bank of Milwaukee, but every demand made by depositors was met and the bank came out with flying colors. The threatened panic is over.

10. May 27, 1893 The Washburn Leader Washburn, ND

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teresting, a complete list of the victims who have been swindled by the gang. From Other Shores. Many persons are drowned by the capsizing of a ferry boat in Russia. Louis Kossuth has advised his partisans in Hungary to support the Weckerle and its liberal police found a of The cabinet Paris policy: city. number dynamite bombs buried in the Three artests are made. The Grecian ministry formed by M. Sotorcupoulos, on the resignation of office M. Tricoupis, has taken the outh of and entered upon its duties. Seventeen Berlin bankers have signed which appeal for an election fund with an to promote the choice of Liberal candidates supporting the government. Italian government has closed the of council of the provincial The province owing to in Northern Italy, a by the council to of the temporal rights of the pope Bergtino, that declaration of the Italy effect Rome are superior to the unity cabinet meeting at At a Vienna Czechs the scandalous conduct of the young in diet yesterday was unand it was to der the consideration, Bohemian resolved all Radvisit with the severest repression and Czech at Norway, resulted ical, A fire anti-Semitic Trondhjem, excesses. loss of a number of lives. Four were killed while in persons the jumping from and burning building and three women the a two children were burned to death in flames. A telegram from the German consulate Capetown says that Capt. Francois the in Hornkranz April 12. On Sakowki and three were wounded. The stormed soldiers German side wounded. natives German lost killed and one hundred organ, Magyr of eighty The clerical Allam Buda-Pesth, usually trustworthy, asserts has in an annuity of 25,000 that Kossuth the governor promised francs Louis his payment for his services in advising followers to support the Liberal cabinet of Dr. Werkerle. A horrible tragedy is reported to have occurred at Kiltegan, in the southwest and Ireland. The wife of a man named rart maid of servant Wicklow, unknown Conrad were shot dead by some assassin or assassins. The murderers are supposed to have had an agrarian method. The Russian war office is taking steps the distribution of the improved Rusrifles for newly manufactured for the sian army, first to the troops of the west- imarmy corps, who would bear the ern mediate brunt of a conflict in the event of a foreign war. The Libre Parole of Paris states that who Andrieux, the ex-prefect of police has M. figured conspicuously in the exposure collectPanama canal scandals, is of documents in order the ing certain members with the fresh to pursue to of enable him chamber of deputies in connection the Panama frauds. The reception of the prince of Wales the imperial institute at London The reat cently was in every way successful. were duke of York and Princes May of cheered repeatedly by the thousands lookMr. Gladstone was present, demonguests. tired and irritated. A hostile some stration ing against him was made by of the ultra-Tories when he appeared. Labor Items. Three hundred employes in the against cotton mills at Denver are on a strike longer hours without an increase of pay. The annual convention of the Order of Telegraphers of America dele- was held Railway at Toronto recently, with 250 gates in attendance. Chief Arthur, of the Brotherhood of Locomotive Engineers, admits in his anto the Ann Arbor's suit for $300,000 damages, swer the existence of the brotherhood's boycott rule. The railroad conductors will not strike a during the world's fair. They adopted slanpatriotic resolution denouncing as derous the statement that the railway would strike at this part of the the employes In the early session juncture. of Horseshoers' association at St. recently a was the International Louis communication delegates to handed in by the Chicago a that they were on the eve strike with the Arinour effect great Beef Pack- of Chiing company, with headquarters at cago. Miscellandous Items. Exchange Bank of Normal, Ill., has The suspended. The deposits are $90,000. cases of small pox are reTwenty Va. ported at Lunenberg, Erastus Wiman's liabilities are $600, 000. The Michigan anti-Pinkerton bill has become a law. The New York proves to be probably the fastest armed cruiser in the world: The Northern Pacific directors adopt a plan to fund the floating debt. General Davis, of world's calls upon Theodore fair, Director Thomas the to resign as musical director. VANH

11. May 27, 1893 The Dickinson Press Dickinson, ND

Article from The Dickinson Press, May 27, 1893

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Miscellaneous Items. The Exchange Bank of Normal. Ill., has suspended. The deposits are $90,000 Twenty cases of small pox are reported at Lunenberg, Va. Erastus Wiman's liabilities are $600,000. The Michigan anti-Pinkerton bill has become a law. The New York proves to be probably the fastest armed cruiser in the world. The Northern Pacific directors adopt a plan to fund the floating debt. Director General Davis, of the world's fair, calls upon Theodore Thomas to resign as musical director. At a concert in New York the sum of $10,000 was subscribed toward the Irish home rule fund. Final awards of damages growing out of the Baltimore affair in Chili have been made at San Francisco. The Pillsbury-Washburn flour mill combine at Minneapolis passed its semi-annual dividend, pleading unsatisfactory business. The world's fair passenger whaleback steamer Christopher Columbus, an immense craft, is launched at West Superior. The National Negro Democratic club has appealed to Cleveland for recognition of colored men in appointments to offices in the South. Adolph Abromet, agent of the Etna Fire Insurance association at Indianapolis, Ind., fell dead on the streets of that city. It is decided by the world's fair directors to return the $2,500,000 given in aid of the fair by the government, and keep the exposition open Sundays. There was a run on the Plankinton Bank of Milwankee. but every demand made by depositors was met and the bank came out with flying colors. The threatened nanie i.