5798. Bank of Commerce (Indianapolis, IN)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
state
Start Date
July 25, 1893
Location
Indianapolis, Indiana (39.768, -86.158)

Metadata

Model
gpt-5-mini
Short Digest
8a89d69b

Response Measures

Accommodated withdrawals, Full suspension, Books examined

Description

Multiple articles (July 25–26, 1893) report a run on the Bank of Commerce tied to nervousness after the Depauw/Premier Steel failures; the bank did not open July 25 (suspended). Contemporary articles (Sept–Oct 1893) report the bank planned to resume Oct 1 and reopened Oct 2. Classification: run → suspension → reopening. OCR typos corrected (e.g., Depauws/Depauw).

Events (3)

1. July 25, 1893 Run
Cause
Bank Specific Adverse Info
Cause Details
Run caused by nervousness over the failure of C. W. Depauw and links to the Premier Steel Works (Depauw family controlled the bank and steel company); publicity of Depauw failure triggered withdrawals.
Measures
Bank was prepared for all emergencies (kept reserves); management collected outstanding debts and arranged to resume business later.
Newspaper Excerpt
The Bank of Commerce had quite a run... the publication of Depauw's failure hurried things along.
Source
newspapers
2. July 25, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension followed the run and loss of confidence tied to the Depauw failure and prior exposures (Premier Steel Works paper); inability to obtain outside assistance after runs on other local banks contributed to decision to close temporarily.
Newspaper Excerpt
The Bank of Commerce did not open this morning. This was not unexpected, as the bank was owned by the Depauws... a run was made on the bank.
Source
newspapers
3. October 2, 1893 Reopening
Newspaper Excerpt
The Bank of Commerce, which suspended the latter part of July, reopened today. The sign bank open was displayed promptly at 9 o'clock.
Source
newspapers

Newspaper Articles (25)

Article from The Times, May 12, 1893

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HARDTIMES COMEAGAIN TOO LITTLE MONEY CAUSES SEV. ERAL BANK FAILURES. The Capital of Indianapolis and the Colume bia of Chicago Suspend Failure Also at Wilmington. INDIANAPOLIS IND., May 11.-The Capital National Bank, of this city, has suspended. The statement is made that the closing of the bank's doors was made necessary by the failure of the Chemical National Bank of Chicago last week, which institution owed the Capital $100,000. The bank also carried a large amount of Premier Steel Works paper. The latter concern was Placed in the hands of a receiver on Friday last. The bank opened, as usual, at 9 o'clock, but it was simply opened, pending an attempt to meet a run on it from depositors, with assistance of other banks The Capital was not a member of the Clearing-House Association, and has been at war with it. When the other banks were asked for assistance, they met and declined to render any. The doors of the Capital were then at once closed by order of the directors. The first public intimation of the failure was the placard pasted on the window. and the excitement for a time was intense. A number of people withdrew their deposits from other banks. The Bank of Commerce had quite a run. It is controlled by the Depaus, who were the controllers of the Premier Steel Works, now in the hands of a receiver. Some of the paper of the Steel Company was held by the Capital Bank. The Bank of Commerce was prepared for all emergencles. and confidence was soon restored. The actual liabilities of the Capital are about $1,050,000. The paid up capital stock is $300,000. and the assets are estimated at $250,000. M. B. Wilson was president, and Charles B. Doherty cashier. The failure may endanger the solvency of banks at Vincennes, Sullivan and Gas City, in which Wilson, Doherty and others are large stockholders, and between which and the Capital intimate relations existed. The Comptroller of the Currency has telegraphed that a special agent is on his way to take charge of the bank. It is believed that the Capital will pay 100 cents on the dollar. Wilmington Bankers Suspend. WILMINGTON DEL. May 11-The annourcement of the failure of R. R. Robinson & Co., bankers and brokers of this city, to-day created a profound sensation. Rumors of the failure of this well-known firm have been on the street for several days, and business circles have been excited. The liabilities of the firm are estimated at $300,000. while the assets do not exceed $100,000. The sheriff has seized all the property of the bankrupt firm. Another Chicago Bank Fails. CHICAGO, ILL., May --The Columbia National Bank of this city has failed. In a report of the bank's condition, made by its officers at the close of business May 4th, the deposits were stated to be nearly one and a half million dollars. The capital stock of the bank is $1,000,000. The failure was due to unprecedented withdrawals of deposits during the past two weeks, amounting to nearly half a million dollars Yesterday a demand for $100,000 was made by a customer. The demand was met, but it so impaired the condition of the bank that it was decided to seek the aid of other institutions today. This was done this morning, but rival banks were not inclined to give temporary aid till an examination of the bank's affairs had been made. At 11 o'clock it was decided to announce the failure of the institution, and a notice to that effect was posted on its doors. Insignificant London Failure. LONDON, May 11.-Hallett & Company, navy agents and bankers, have suspended. The suspension has caused a sensation in military and naval circles at the West End, as many officers are depositors with the company, but commercially the failure is of slight importance. The members of the firm are James Alfred Hallett, William Charles Hallett and Milford Hallett, and their place of business Is 7 St. Martin's Place, W. C.


Article from The Enterprise, May 17, 1893

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BANKS SUSPEND. The Capital National, at Indianapolis, Closes Its Doors. The Columbia National Bank, at Chicago, in the Same Predleament-Both Suspensions Caused by the Recent Failure of the Chemical National Bank at Chicago. INDIANAPOLIS, May 12.-The Capital bank of National this morning. city suspended The suspayments yesterday was caused of the pension Chemical National by bank the of failure Chicago and the Premier steel works of this city. The Chemical bank is debtor to the Capital National to the amount of at least $90,000. The first public intimation of the failure was the placard pasted in the window and the excitement for a time was intense. A number of people withdrew their deposits from other banks. The Bank of Commerce had quite a run. It is controlled by the Depauws, who were the controllers of the Premier steel works, now in the hands of a receiver. Some of the paper of the steel company was held by the bank. The was for all and Capital prepared Bank emergencies of Commerce confidence was soon restored. The actual liabilities of the Capital are about $1,505,000. The paid up capital stock is $800,000 and the assets are $250,000. M. B. Wilson was and estimated president at Charles B. Doherty cashier. The failure may endanger the solvency of banks at Vincennes, Sullivan and Gas City, in which Wilson, and others are Doherty large the stockholders, between which and Capital intimate relation existed. It is believed that the Capital will pay 100 cents on the dollar. CHICAGO, May 12.-The Columbia National bank of this city suspended yesterday. Rumors that the institution was in trouble have been current for nearly a week. It did business with small country banks and was not in esteem with the other banking concerns of the city. In a report of the bank's condition, made its officers at ness the were to May by 4, deposits the close stated of busibe nearly $1,500,000. The capital stock of the bank is $1,000,000. Bankers look upon the failure as natural consequence of more than one condition. Those in a position to know, declare that the Columbia owed $100,000 to a certain bank whose name is withheld, and that this bank refusing to accommodate the weakened institution and it to secure the to tide it over the means give time its difficulties, crisis was forced and the bank had to close its doors in consequence. Another reason for in business leged inexperience given the failure banking is the alof the efficials. The president of the concern, Zimri Dwiggins, came to this city from Logansport, Ind., and is believed to be interested in two or three banks in the Hoosier state. Some time ago the Columbia National made application to be admitted into the clearing house association. The bank's affairs were carefully examined with a view to such admission, but the showing made by its officials $ was so poor that the application was , rejected. , WILMINGTON, Del., May 12.-The an1 nouncement of the failure of R. R. Rob8 inson & Co., bankers and brokers of this city, yesterday ereated a profound sensation. The liabilities of the firm are estimated at $800,000, while it is said the assets will not exceed $100,000. WASHINGTON, May 12.-Comptroller 9 Eckels has designated D. A. Cook, bank 1 examiner for Illinois, outside of the t city of Chicago, to take charge of the Columbia National bank of Chicago. He has also telegraphed Hugh Young, I bank examiner for western Pennsylvan nia, residing at Pittsburgh, to proceed 1 at once to Indianapolis and take charge a of the Capital National bank of that r city.


Article from The Goodland Republic, May 19, 1893

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MANY BANKS FAILED. INDIANA INSTITUTIONS FALL WITH THE COLUMBIA. Capital National of Indianapolis Forced to Close Its Doors-Lincoln Grain Dealers Fail, With Heavy Liabilities-Sioux City Company Collapsed. INDIANAPOLIS, May 13.-The Capital National bank, established here over two years ago, suspended payment Thursday morning. The bank opened as usual at 9 o'clock, but it was simply pending an attempt to meet a run on it from the state depositors, with assistance from the other banks. The Capital was not a member of the Clearing House association, and has been at war with it. When the other banks were asked for assistance they met and declined to render any. The doors of the Capital were at once closed by order of the directors. The first public intimation was the placard on the window, and excitament became intense. Some withdrew deposits from the other banks. The Bank of Commerce had quite a run. It is controlled by the Depauws, who were the owners of the Premier Steel works, now in a receiver's hands, and some of the paper of the latter was held by the Capital bank. The Bank of Commerce was prepared for all emergencies, and confidence was soon restored. The direct cause of the Capital's failure is the failare of the Chemical National bank of Chicago, with which the Capital had a deposit of over $80,000. The failure of the Capital National bank may endanger the banks at Vincennes, Sullivan and Gas City, in which Wilson, Doherty and others were large stockholders, and the relations between the banks were intimate. It is not known accurately whether the failure will affect their solvency. The clearing house banks refused assistance because they believed that the suspension could not be averted.


Article from Evening Star, July 25, 1893

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WESTERN BANKS SUSPEND. Nervousness Caused by the Depauw Failure at Indianapolis. INDIANAPOLIS, IND., July 25. -Indian apolis was in a fever of excitement this morning. At nearly all the banks there were depositors drawing out their money. The doors of the Bank of Commerce were not open this morning. This was not unexpected, as the bank was owned by the Depauws, and the Depauw estate, and because of the failure of C. W. Depauw Seturday a run was made on the bank yesterday. The bank is the oldest in the city and one of the oldest in the state. Vice President John W. Ray says that the nervousness about the Depauws was the cause of the run. Assistance, he says, was promised. but was not forthcoming When it was found that the Indianapolis National had closed its doors this morning It was deemed best to suspend until some of the resources of the bank will be avallable. He says that the suspension will be only temporary. LOUISVILLE, KY., July 25.-The Merchants' National Bank suspended payment this morning. 1:30 p. m.-The - Fourth National Bank has closed its doors. MEDFORD; WIS., July 25.-The Taylor County Bank. owned by Hartman & Matt. assigned yesterday for the benefit of creditors to E. L. Urquhart. The bank was the depository for county and city funds. Assets are given at $16,000. Herman Matt, the cashier, has absconded. MILWAUKEE. July -The Wisconsin Fire and Marine Insurance Company Bank closed its doors this morning. This is Senator Mitchell's bank, and has been considered the strongest bank in the city.


Article from The Evening World, July 25, 1893

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STILL THE BANKS GO. Two Close Their Doors To-Day in Indianapolis. Three More Suspensions Are Announced in Louisville. And the M iwaukee Marine and Fire Bank Goes to the Wall. INDIANAPOLIS. Ind., July 25-The Indianapolis National Bank failed to open Its doors this morning. The Bank of Commerce did not open this morning The Indianapolis National va. the dea ignated depository of the United States Its capital was $300,000. No statement has been made 11.4 to 110 condition. except that the faiture 1. to $1,201,000. For some days rumors have been CUT rent to the effect that the bank was : trouble, and those rumors have had ... . effect of starting a quiet non upon . which. quiet though it was. has tepleted the bank's funds, and finally made nec essary the action of to-day. The management 114 not sufficiently realize the extent of the talk concern ing the bank,and did not make timely preparation for the worst. The Bank of Commerce has not been one of large deposits. and its failure will not have much effect on the local money market. Its indebtedness is said to be only $150,000 The suspensions caused considerable excitement on the streets. and at this hour (10.30) a heavy run is being made on the Indiana National. LOUISVILLE, Ky., July 25.-This will prove a memorable day in the financial history of Louisville. As 10 o'clock this morning the Merchants' National Bank posted H notice of suspension. and half an hour later the failure of the Louisville Deposit Bank was announced. By this time half a dozen banks in the city were being run by depositors mostly small ones They all stood the pressure except one-the Fourth Nation al-which closed its doors in the Board of Trade Building at 10 o'clock. At that time the excitement was run ning high, and every one of half n dozer banks was crowded with depositors who were in line waiting their turr with the paying teller. The first failure of the present crisis was that of the Kentucky Nationa Bank, Saturday. Then came the Louis ville City National Bank Monday, after the intervention of P Sunday holiday


Article from The Anaconda Standard, July 26, 1893

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IN INDIANAPOLIS An 011 Bank, supposed to be Solid Goes Under. INDIANAPOLIS, July .-The Indianapolis National bank failed to open its doors this morning. The Bank of Commerce did not open its doors this morning. The Indianapolis National was considered one of the strongest banks in the city, and was the designated depository of the United States. The president, Theodore Haughey, last night consulted with other bankers, having previously secured $50,000 to tide him over yesterday. He said that the failures at Louisville and New Albany had aggravated the local situation and it was thought best to suspend. The Bank of Commerce has not been one of large deposits. and the failure will not have much effect locally. Its indebtedness is said to be $150,000. A heavy run was made on the Indiana National bank. While the Indianapolis National bank was a United States depository, but $3,239 was tied up. Cashier Rexford was asked if the withdrawal of funds by the country banks was not largely responsible for the suspension. "The stringency of the times," he replied, "has greatly reduced those balances. At this time of year they have heretofore been large." The real trouble of the Bank of Commerce began at the failure of the Premier Steel company. There have been drafts on the bank ever since the publication of Depauw's failure. which hurried things along. The failure of the Indianapolis National shut off their chances of getting help and the bank had to close.


Article from Arizona Weekly Journal-Miner, July 26, 1893

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TELEGRAPHIC BY ASSOCIATED PRESS TO JOURNAL-MINER. A Big Bank Failure, MILWAUKEE, W18., July 25.-The Fire and Marine Insurance Bank failed this morning. There are due to depositors nearly eight million dollars. The Panic Strikes "Injeeany." Indianapolis, July 25.-The Bank of Commerce and the Indianapolis National Banks failed to-day. The Baltimore & Ohio Keeps Up Its Liek. CLEVELAND, July 25.-An excursion train on the Baltimore & Ohio was wrecked near here this morning and twenty people were injured, three fatally.


Article from New-York Tribune, July 26, 1893

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ALL THE LIST DECLINES. THE BANK FAILURES DEPRESS PRICES. HEAVY CURRENCY SHIPMENTS TO MILWAUKEE, LOUISVILLE AND OTHER WESTERN POINTS-TROUBLE WITH PHILADELPHIA COLLECTIONS. Depressing news, to which to attribute further demoralization of the stock market, was not lacking yesterday. On the contrary. It came in with a rush from the sections of the West which have been the recent centres of uncertainty. The morning bad shown some encouraging features, among which was the continued buying for London account, and the feeling was reflected In the prices of some stocks. The news from the West, however, turned the current. The telegraphic announcement of the failure of the Indianapolis National Bank and the Bank of Commerce, of the same city, and, still more, the suspension of the Wisconsin Marine and Fire Insurance Bank of Milwaukee, contributed an element of significance far more effective than recent signs of Western financial distress have been. Following them came the news of other bank failures, notably of the Louisville Deposit Bank. the Merchants' and the Fourth National, of Louisville. All of the Institutions named are in citles from which. with St. Louis, Chicago and Cincinnati, have come the largest demands for currency. These cities have taken the bulk of the millions which have been shipped in the last four or five days. There is yet no end to this westward movement in sight, though accurate prognostication Is as impossible as accurate figures of shipments are unobtainable. It was estimated that another $1,500,000 was sent yesterday from New-York banks in response to calls from Western Institutions. The continued big balance of currency movement against New-York is an unpleasant surprise to the bankers here, who have been hoping that the calls for currency had reached their limit. In the language of the Street, New-York has financed" the country, and the burden has not lightened yet. From the cities where banks were crashing the calls for money yesterday were naturally urgent. One Milwaukce bank telegraphed Its New-York correspondent: "The Marine and Insurance has suspended. We are sound. Can you send us $200,000 currency ?" The amount asked for was sent. Larger smounts were sent to St. Louis and Louisville. There were also some receipts of currency, especially from the Southwest, but financial men estimated that the balance against New-York equalled the shipments made on Monday and on Saturday. The demand for currency at the Sub-Treasury amounted to $400,000. The Clearing House Loan Committee authorized the Issuance of $50,000 in loan certificates, making the amount outstanding $22,000,000. It was expected that 2% much larger amount of new certificates would be issued, reports having It that an additional million or so was to be demanded. Chairman Frederick D. Tappen ridiculed these rumors, as did also other officials of the Clearing House. There was, however, a feeling that a considerable increase of the certificates to-day or to-morrow would not be the happening of the unexpected. The $50,000 issued yesterday was taken by a small uptown bank. The Sub-Treasury was a debtor to the Clearing House yesterday $600,000, and it followed its as yet unexplained course of last week by paying that amount in gold. Its balance on Monday was paid in currency. Money on call opened at 4 per cent, but stiffened to 8 per cent and closed at that point. Time money is still practically unobtainable. One banker called attention yesterday to the fact that from June 18, 1892. to July 18, 1893, the NewYork banks suffered a shrinkage in deposits of $149, 000,000. or this amount there has been a loss of $97,000,000 since February 11. 1893. The deposits in June. 1892. averaged about $534,608,000: in February, 1893. about $491,747,000. and this month about 2204 174.000, This great shrinkage makes more re-


Article from Waterbury Evening Democrat, July 26, 1893

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The Indianapolis Panic. INDIANAPOLIS, July 26.-The Indianapolis National bank, capital $300,000, closed its doors. For some days rumors have been current to the effect that the bank wasin trouble, and those rumors have had the effect of starting a quiet run upon it, which, quiet though it was, has depleted the bank's funds. The Indianapolis National bank is one of the oldest and has been one of the most flourishing banks in Indianapolis and the entire west. The excitement in the city was increased later on when it was announced that the Bank of Commerce had also failed. While the Indianapolis National bank was a United States depository, but $3,. 489.96 was tied up. Pension Agent Ensley said that he would of course cease to draw checks on the suspended national. Aug. 4 will be pension day. and the office will pay out nearly $3,000,000. "At our last payment we checked out nearly $200,000 from the Indianapolis National," said Mr. Ensley. Cashier Rexford said the bank statement published at the close of business July 12 would afford the best information as to the statue of debits and credits that could be given until the government officer who would take charge should make his report. Mr. Rexford was asked if the withdrawal of funds by country banks was not largely responsible for the suspension. "The stringency of the times," he replied. "has greatly reduced those balances. At this time in the year they have heretofore been large. the country banks having with us from $400,000 to $500,000. Now that balance is very small. We usually have $300,000 over government money. which is secured by bonds to the amount of $325,000." Already public confidence in the banks is rapidly being :restored, as all the other banks were prepared for such an emergency. Their policy has been to keep strong in reserve cash which has for two months or more never been less than 50 per cent of the liabilities. It is said that the failure of the Indianapolis National bank to keep strong in its reserve cash inspired the distrust that resulted in its failure. It is believed that two factories will be carried down with the failure of the Indianapolis National.


Article from Morning Journal and Courier, July 26, 1893

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MORE FAILURES. Another Large One at Milwaukee Has Suspended-Statement of the Cashier-He Says it is Not Insolvent by Any Means-Bank Failures at Indianapolis and Louisville. MILWAUKEE, July 25.-The Wisconsin Fire and Marine Insurance bank has closed its doors. The last statement of the bank, rendered on the 1st of the month, is as follows: Resources-Loans and discounts, $6,485,773; over-drafts,$29,233; stocks, bonds and mortgages, $567,412; losses and expense account, $683; due from banks and bankers, $1,038,472; cash, currency, $532,361; gold and silver, $124,226; checks on clearing house, $168,281. Total resources, $8,946,344. Liabilities-Capital, $500,000; undivided profite, $75,840; due depositors, $7,870,503; due to others not included under elther of above heads, $500,000. Total liabilities, $8,946,344. Cashier Murphy 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 8 question of time when suspension would inevitably come, and therefore decided to close. We might have possibly got through to-day all right but it Was considered best for all concerned not to open for business. This bank is not insolvent by any means and only time is needed to realize enough money to meet every liability. It not only has ample assets but Mr. Mitchell and Mr. Johnston are behind it." Judge Johnson appointed Washington Beeker receiver of the bank. His bond was fixed at $1,000,000. The city of Milwaukee has $1,000,000 in the bank and the corporation will probably have to temporarily suspend payment, as did the county when the commercial bank closed. INDIANAPOLIS, Ind., July 25 -The Indianapolis National bank, capital $300,000, closed its doors this morning. No statement has been made as to the condition, except that the failure is for $1,200,000. According to the statement of the bank made July 15, the loans and discounts amounted to $1,545,854, while cash and securities on hand aggregated $683,000. The individual deposits subject to check were $826,570. The bank was a United States Depository and had all the Federal money in it, amounting to $300,000. The doors of the Bank of Commerce were not opened this morning. This was not unexpected, as the bank was owned by the Depauws and the Depauw estate, and because of the failure of Depauw Saturday a run was made on the bank yesterday. It was the oldest in the city and one of the oldest in the state. It was organized as an insurance company in 1836, with banking privileges under the then existing laws. In 1869 it was regularly incorporated as a bank. It has a capital stock of $200,000, of which the Depauw estate owned nearly three fourths. The estate is worth $5,000,000 and the stockholders are liable for twice the amount of their stock. At nearly all the banks there are depositors drawing out their money, but it has not as yet resulted in a run on any of them except Fletcher's bank. This is one of the oldest in the city and is regarded as one of the soundest and most conservative financial institutions in the west. It is a private bank owned by Allen M. and Sturgeon J. Fletcher, who are both millionaires. The last statement of the bank showed about $900,000 of cash on hand and bonds to secure deposits of over $1,000,000. The withdrawals are from small depositors. LOUISVILLE, July 25.-The Merchants' National banks closed its doors this morn ing. This is the third national bank of this city which has suspended since Saturday. It was the steady and growing demand from the county banks which caused the trouble. Its capital stock is $500,000 At 10:30 the Louisville deposit bank was closed. It was organized a little over a year ago by Moses C. Schwartz, its president, with a paid up capital of $300,000. It was started at a bad time and was refused admittance to the clearing house. It, however, seemed to prosper for awhile and at one time sold stock above par. It might have pulled through but for the suspension of the three national banks. The Fourth National bank closed its doors this afternoon. TOLEDO, O., July 25 -The Farmers' Na tional band of Findlay, o., closed its door at noon to-day. No statement has beer made out as vet. No excitement prevails


Article from The Record-Union, July 26, 1893

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BANK FAILURES. Several More Large Institutions in the East Suspend. INDIANAPOLIS, July 25.-The Bank of Commerce did not open its doors this morning. The Indianapolis National Bank also failed to open its doors. The Indianapolis National was considered one of the strongest banks in the city, and was designated as a depository of the United States. President Theodore Haughey consulted with other bankers last night, having previously secured $50,000 to tide him over yesterday. He said the failures at Louisville and New Albany had aggravated the local situation and it was thought best to suspend. The Bank of Commerce has not been one of large deposits, and the failure will not have much effect locally. The indebtedness is said to be $150,000. At 11 o'clock a heavy run was being made on the Indiana National. The statement of the Indianapolis National Bank July 12th showed resources of $2,313,154; liabilities-due depositors, $1,194,586; United States deposits, $193,100; deposits of United States disbursing officers, $100,800; due other National banks, $140,403; due State banks, $73,570; notes and bills rediscounted, $51,137; bills payable, $58,060; capital stock, $300,000; surplus, $100,000; undivided profits, $44,448. While the Indianapolis National Bank was a United States depository, but $3,687 was tied up. Cashier Tiexford was asked if the withdrawal of funds by country banks were not largely responsible for suspension. "The stringency of the times," he replied, "has greatly reduced those balances. At this time of the year they have heretofore been large." The real trouble of the Bank of Commerce began at the failure of the Premier Steel Company. There have been drafts on the bank ever since. Then the publication of Depauw's failure hurried things along. The failure of the Indianapolis National shut off their chances of getting help, and the bank had to close. CLOSED ON ACCOUNT OF THE STRINGENCY. MILWAUKEE, July 25.-The Wisconsin Fire and Marine Insurance Bank closed its doors this morning. The bank was commonly known as the Mitchell Bank. A notice on the door says: "Closed on account of monetary stringency." The statement on the 1st inst. places the resources at $8,946,344. The liabilities are: Due depositors, $7,870,504; due others, $500,000. The bank has a capital of $500,000, of which John I. Mitchell holds $313,300; David Ferguson, $166,600; Washington Becker, $20,000; J. B. Murphy, $100. The undivided profits are $75,841. The Milwaukee people had become imbued with the idea that this old bank was a Gibraltar of finance, and could not credit the reports that it had closed. It was the general belief that when all the other banking institutions had disappeared from the face of the earth the bank which Alexander Mitchell founded would continue to do business at the old stand. Cashier Murphy says the bank has been subjected to a heavy strain and the end was inevitable, but that the bank is not insolvent, and only time is needed to meet every liability. Washington Becker has been appointed receiver. The city of Milwaukee has $1,600,000 in the bank and will probably have to temporarily suspend payment. The bank was the depository of the Chicago, Milwaukee and St. Paul Railroad, and arrangements had been made for the payment of checks drawn on that bank by the Wisconsin National Bank. Runs were at once started on a number


Article from Wheeling Register, July 27, 1893

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CONCERNING BUSINESS AND FINANCE. INDIANAPOLIS, IND., July 26.-There were no disturbing scenes at any of the Indianapolis banks to-day and business wore its usual aspect. The determination expressed yesterday by the business community to proceed calmly is evidently in permanent force. There was nothing unusual in the demeanor of the people about the banks and other business centres. The expression most frequently heard was that Indianapolis had no cause for alarm. The banks have been hoardng gold for six months and all conservative citizens are operating with them to preserve a normal state in the financial situation. Bank examiner Young arrived in the city to-day. He went to the Indianapolis National Bank and took possession in accordance with the instructions from Washington. John W. Ray, of the Bank of Commerce, says that bank will make no assignment but that on the contrary it will resume business. It is beleived that this bank has made substantial arrangements for aid. DALLAS, TEXAS. July 26.-The Land Loan and Collecting Agency of Murphy and Bolang has made a general assignment. E.S. Loughberough was named as the assignee. The cause given is the stringency in the money market and failure of the banks and Eastern correspondents to carry their paper. No schedule of assets or liabilities have been filed; but as the firm did an enormous business the chances are that the liabilities will reach $500,000 and the assets fully that sum. MILWAUKEE, WIS., July 26.-The bank panic in this city is over. To-day there is not the slightest tendency toward a run on any of the local banks. The crowds that have surrounded the various hanking institutions from morning to night the past week have dispersed, and business at the paying teller's window has resumed its normal condition. The men in charge of the affairs of the several failed banks are engaged in preparing statements, but none


Article from The Sun, July 27, 1893

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NO PANIC IN INDIANAPOLIS. Government Funds and the Money of Laboring People Tied Up In the Broken Bank. INDIANAPOLIS, July 26.-There were no disturbing scenes at any of the Indianapolis banks to-day and business wore its usual aspect. The determination expressed yesterday by the business community to proceed calmly is evidently in permanent force. There is nothing unusual in the demeanor of the people about the banks and other business centres. The expression most frequently heard was that Incianapolis had no cause for alarm. The banks have been hoarding gold for six months. and all conservative citizens are cooperating with them to preserve a normal state in the financial situation. Bank Examiner Young arrived in the city today. He went to the Indianapolis National Bank and took possession in accordance with the instructions from Washington. John W. Ray of the Bank of Commerce says that bank will make no assignment. but that. on the contrary. it will resume business. It is believed that this bank has made substantial arrangements for aid. The failure of the Indianapolis National Bank will result in inconvenience to the laboring people of the city, as a large percentage of them have their savings in that bank. The Tunds of the Grand Lodge of Indiana Odd Fellows and the Odd Fellows' Mutual Aid Association were in the bank on deposit. The bank was also the depositary of the general Government. and the funds for the Federal courts, the Post Office. and the pension agency of Indiana will be tied up indefinitely. The International Typographical Union. whose headquarters are located here. had $30,000 in the bank. President Prescott says, however. that the organization has money on deposit in Philadelphia. and no inconvenience will result unless the money here should be lost. The Central Chair Company. employing 150 (gmen. closed down yesterday owing to the failsure. The company had a large deposit in the Indianapolis National Bank. and all its ready money is thus tied up. COLUMBUS, Ind.. July 26.-A meeting of the stockholders of the First National Bank was held here last evening for the purpose of signing and publishing a statement that the stockholders, who are worth $4,000,000, pledged their personal property for the payment in full of all deposits.


Article from Democratic Northwest, July 27, 1893

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THE STRINGENCY Continues to Get in Its Work in Various Parts of the Country. Indianapolis, July 25.-The Indianapolis National bank, capital $300,000, has closed its doors. For some days rumors have been current to the effect that the bank was in trouble. For many years the Indianapolis National has been regarded as among the strongest banks in this city. The suspension of the bank is due to the general financial stringency. According to the statement of the bank made July 15, the loans and dis. counts amounted to $1,545,854.16, while the cash and securities on hand aggregated $683,000. The individual deposits subject to checks were $826,570.50. The bank was a United States depository, and had all the federal money in it, amounting exactly to $300,000. Another. The doors of the Bank of Commerce did not open Tuesday morning. This was not unexpected, as the bank was owned by the Depauwsand the Depauw estate, and because of the failure of C. W. Depauw Saturday a run was made on the bank Monday. The bank is the oldest in the city and one of the oldest in the state. It has a capital stock of $200,000 of the Depauw estate. Mrs. Washington C. Depauw, N. T. Depauw and C. W. Depauw owned nearly threefourths. The first two named are worth $5,000,000 and are liable for twice the amount of their stock. Vice President John W. Ray says the nervousness about the Depauw estate was the cause of the run. Assistance, he said, was promised, but was not forthcoming. He said that the suspension was only temporary.


Article from The Stark County Democrat, July 27, 1893

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INDIANAPOLIS PANICKY, The Oldest Bank in the State Closed Its Doors Yesterday. INDIANAPOLIS, July 26.-For several days there has been a quiet run on the Indianapolis Bank, which culminated yesterday in the bank's suspension. In addition to these local runs there were calls from correspondents throughout the State. The bank was one of the oldest institutions of its kind in the State. While the bank was a United States depository, but $3,439.96 was tied up. Penr sion Agent Ensley said that he would, of course, cease to draw checks on the suspended bank. August 4 will be pension day and the office will pay out nearly $3,000,000. The doors of the Bank of Commerce failed to open Tuesday morning, but this was not altogether unexpected on account of the failure of C. W. Depauw, a heavy stockholder. Both the suspended banks were mems bers of the Clearing House Association. The only other bank that experienced a run was the Indiana National. which lasted for three hours without affecting the bank in the least. The similarity of the names-Indianapolis National and Indiana National-probably caused the run.


Article from The Great West, July 28, 1893

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AND YET THEY COME. Tuesday evening and Wednesday morning papers were curiosities. Take the Daily News for illustration: One column had a telegraphic report from Eckels, Comptroller, stating that all the trouble was over-the country was safe, and no failures were probable. This was written the 24th. On the 25th and 26th it took over two columns of fine type to record the failures, among them the oldest and strongest banks in the U.S. The most remarkable statement ever made in the financial world came in the finance columns of Tuesday, from New York. It was the statement that "the Philadelphia banks are unable to meet their payments, and the New York exchange is disturbed at this failure on their part!" And yet, so fearful is the goldbug organization that they do not dare to throw Philadelphia into bankruptcy. One attachment issued and over goes everything! We make up a list of a few of the failures, as they occur in one daily issue: Bradford & Church, bankers, Chicago. Henry Bach, wholesale clothing, N. Y. Wisconsin F. & M. Ins. Co. Bank, Milwaukee, by far the strongest bank in the city, and caused great excitement. The city had $1,630,000 in the bank, and will have to suspend payment, as the county did when the Commercial recently closed out. The C. M. & St. P. Ry is also mixed up in it. Several other Milwaukee institutions follow the above failure. New York-a panic raged on the N.Y. stock exchange all day Tuesday, "owing to the bank crashes." "Everything is all right," says Eckels!! INDIANAPOLIS. The Bank of Commerce failed Wednesday. The failure is for over a million dollars.; It was a U.S. Depository, and had over $800,000 of the government funds in it. "It is only a weeding out of banks that ought not to exist," said Eckels, recently! The Indianapolis National Bank failed the same day. "This was one of the oldest and soundest financial institutions in the west." Last week's statement showed over $1,000,000 of bonds to secure depositors! It was the oldest in the city. C. W. Depauw, the banker capitalist, failed on Saturday. The other banks are being run on and several factories have closed. LOUISVILLE. The Louisville Deposit Bank, failed the 25th. The Merchants National went down also, the third national bank to fail in three days, in Louis ville. The Fourth National closed its doors the afternoon of the 25th. The Bank of Commerce went down same day. The Hudson River Tunnel Co., Jersey City, has tumbled. The Hodgman Manufacturing Company, Sandusky, has "gone out." Ripley & Bronson, iron merchants, St. Louis, failed. Olaf Pary, New York Mills, Minn., has collapsed. Wealthiest Finlander in the west. Montezuma Silver Mines, Col., in a receiver's hands. Parkhurst & Wilkinson, iron, Chicago, gone under. $1,000,000. Farmers National Bank, Toledo, closed its doors at noon today. (25th.) Gayner, the great railroad conductor, Pottsville, Pa., assigned today. The St. Louis Steam Heating Co. closed today. Tacoma banks are in trouble. The Manchester National Bank of the Commonwealth went over the 25th. Eastern Cotton mills closing every day. Gloomy. On the morning of the 26th the papers were at last compelled to get off their perch, and admit that the situation as to finances was gloomy, and foreboded disaster. The display heads say, "The New York Money Kings Do not Like the Situation." The New England banks are all tottering. A. meeting of the silver men of New York was broken up by the republican goldbug gang. It was held at 5th Avenue Hotel. Wall Street is at last gloomy. The cloud is darkly gathering. And yet it is but the beginning.


Article from The Weekly Register, August 2, 1893

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THE STRINGENCY Continues to Get in Its Work in Varlous Parts of the Country. INDIANAPOLIS, July 25.-The Indianapolis National bank, capital $800,000, has closed its doors. For some days rumors have been current to the effect that the bank was in trouble. For many years the Indianapolis National has been regarded as among the strongest banks in this city. The suspension of the bank is due to the general financial stringency. According to the statement of the bank made July 15, the loans and discounts amounted to $1,545,854.16, while the cash and securities on hand aggregated $683,000. The individual deposits subject to checks were $826,570.50. The bank was a United States depository, and had all the federal money in it, amounting exactly to $300,000. Another. The doors of the Bank of, Commerce did not open Tuesday morning. This was not unexpected, as the bank was owned by the Depauwsand the Depauw estate, and because of the failure of C. W. Depauw Saturday a run was made on the bank Monday. The bank is the oldest in the city and one of the oldest in the state. It has a capital stock of $200,000 of the Depauw estate. Mrs. Washington C. Depauw, N. T. Depauw and C. W. Depauw owned nearly threefourths. The first two named are worth $5,000,000 and are liable for twice the amount of their stock. Vice President John W. Ray says the Dervousness about the Depauw estate was the cause of the run. Assistance, he said, was promised, but was not forthcoming. He said that the suspension was only temporary.


Article from The Farmers' Union, August 3, 1893

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FINANCIAL AND INDUSTRIAL -Money 1s piling up in the banks of Chicazo. Financiers of the city are greatly encouraged. Feeling in the stock market is confident. Street railroad shares particularly firm. Wheat advanced 2 cents a bushel. Exports were heavy, 495,000 bushels and 67,000 barrels of flour. Corn made about the same advance as did wheat. Country news and country buying furnished the impetus. Provisions shared the upward movement of grain. Lard showed a gain of 30 cents and ribs of 35 cents a hundred. -The attempt to cover a little short pork at Chicago jumped the price very quickly $2 a barrel, from $10 50 to $21.25, closing at $20.50. -At Indianapolis, the Indianapolis National Bank and the Bank of Commerce: at Milwaukee. the Wisconsin Fire and Marine Insurance Bank: and at Louisville, the Merchants' National and Louisville Deposit Banks suspended Tuesday morning. This makes four Louisville banks that have collapsed in three days. In each case the depositors will be paid in full. although the stockholders may lose considerably. -The reported failure of the International Trust Company at Denver is untrue. The company, as trustee under a second mortgage, has simply made a formal party defendent in the suit for a receiver for the Pueblo City Railway. -The Obermann Brewing Company. of Milwaukee, involved in the suspension of "Mitchell's bank." made an assignment to protect creditors. -The G. B. Hodgeman Manufacturing Company. one of the largest concerns in Sandusky, Ohio: E. J. Gayner. the Pottsville, Pa., railroad contractor; and Ripley & Bronson. iron merchants at St. Louis, made assignments. -The Plainview (Neb.) State Bank. which was burglarized of $3,000 in cash, has suspended. -The National Bank of the Commonwealth and the Bank of New England at Manchester, N. H., have suspended. -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. -The extensive woolea-mills of Scatchard Bros. Philadelphia. which have been giving employment to about two hundred and fifty hands, haveshutdown indefinitely owing to the depression in trade The firm has been in business for over a quarter of a century. and this is the first time that operations have been suspended in the mills. -The failure of H I. Nicholas & Co. members of the New York Stock Exchange, was announced Wednesday afternoon. The firm is composed of H. I. Nicholas. John D. Nicholas. Walter C. Taylor and Marcus Mayer The firm was considered quite a prominent firm in stock exchange circles. -R. G. Dun & Co.'s Weekly Review of Trade says: This week the country has stood surprisingly well an extraordinary strain. The failures of many banks and firms have come despite the relaxation in Eastern and in some Southern and Western money markets. Denver banks were overthrown largely by the crazy wisdom of the people. but in most citles statements show the hund in altha condition and


Article from Mineral Point Tribune, August 5, 1893

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eceiver. dead body of Charles Severnwas found in the canal at LeIII. It is believed that he was rdered. J. M. Baur, of Durand, laid the ner-stone of the new St. Henry's at Eau Galle, with appropriate emonies. wenty-five orphans from New York were provided with homes in and Oshkosh by the Rev. Father olter, of St. Mary's church. rakeman Charles Orton, of the Big fell asleep while flagging a pastrain and was killed at CrawInd. Isville, Spreckles has arrived in San ncisco from Honolulu, and declares the provisional government of waii cannot last long. total internal revenue collections the government the past fiscal year $161,002,000, an increase of $7,over the previous year. Finlay, O., boys who were stolen band of gypsies made their esin the night, and a' party of is now after the kidnapers. S. Bright, grain dealer at CumberIa., fled after forging notes ag$8,000. His liabilities are about 000, while his assets are but $4,Chicago, Justice Wallace dismissed charge of adultery preferred inst Rev. Dr. W. W. Totheroh beof insufficient evidence. lowest prices in many years reached July 27 by a number of on the New York exchange. rain fall in the northern states week was deficient, according to weather bureau, and corn in Neand Illinois is endangered. Bank of Commerce, of Indianapoand the Indianapolis National with deposits of more than a dollars, were forced to close doors. surplus fund of the twenty-one banks of Chicago is $11,522,according to a statement issued Comptroller Eckles. A falling off deposits of 16 per cent is shown. freight train crashed through a on the St. Louis, Chicago and Paul road near Alton, III. ConductBurrill was killed and three brakefatally injured. Crossley. a Cincinnati attorhas made an assignment. His are $200,000 and his liabilities siderably larger. He had speculatlands. ahrman, Jacobs, Vogler and Repke, of the Molitor murder, have taken from Alpena, Mich., to to commence their life senboiler flue in the mill of the therwax Lumber company colat Olympia, Wash., instantly William Welch, fireman, and injuring three others. order of Secretary Smith reversthe practice of Pension CommisRaum in disability cases is found in line with a previous decision Assistant Secretary Bussey. monument to those who fell in battle with the Indians at Wounded was unveiled by the Seventh at Fort Riley, Kan. arence M. Overman, late president Citizens' bank at Hillsboro, Ohio, been arrested on the charge of ezzling $50,000 of the bank's fund with making false returns to the ptroller. W. Cannon, real estate dealer, M. Holter have failed at Helena, The former's assets are $1,500,liabilities, $240,000. Holter's liaare $600,000; assets, $1,000,000. and McAfee, the negroes confor the murder of Druggist have been taken from Indian-


Article from The Jasper Weekly Courier, August 11, 1893

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INDIANA STATE NEWS. JOHN JEFFRIES, a stock-dealer near Carmel, had $550 stolen from his house. went Tracks show that three men through a corn-field near by. CONNERSVILLE machinist named The A Morgan has invented a unicycle. feet vehicle consists of a wheel eight inSV sus operator am pur at side this monster cycle to propel it. model of the machine is not com- givthe pleted a full description can not be He claims that it will revolutioneq une 11 shat pus wherling плэрош "ue az! easily and successfully operated. CHRISTLEY WILHELM, the wealthiest farmer in Clinton county. whose home SUM Jusu was killed the other morning. He was working in a clearing, and was burn- standing SUM which dumas $0.11 Supming " ed near off and fell on him. His head crushed horribly. He was about sixtyfive years old, and leaves a large fortune Juney 814 01 THE Indiana Association of W. Spiritunlists at Anderson elected Dr. J. Westerfield president of the association: Mrs. Colley Luther, vice-president: Miss Flora Hardin. secretary, and S. V. Smith. treasurer. Gov. ATTHEWS has pardoned Win. Hudson convicted of bigamy. MRS. W. W. RITCHIE, of Noblesville, six swallowed a pin and needle about her ago. The pin passed from the years directly after the accident. but in needle has just come out of her flesh the side. She has suffered no pain THE whatever. First National bank of June Kendallville. which suspended payment redoes 01 permitted useq say 'g681 100 its doors for business. ARRANGEMENTS are being made by Muncie Cycling club to hold fall the August 25 and 26. Large prizes of will races be offered. and the fastest men the country are expected. THE Eagle machine works, of is Indianof which Lewis Hasselman the apolis. president and O. P. Haughey, of Indianapolis national bank. treasurer, have made an assignment. Lewis Aiken was appointed assignee. Assets, $150,000: liabilities, $100,000. THE Bank of Commerce, of Indianapolis. has collected $16,500 of outstanding debts since the bank suspended. and most of the notes held by bank will be due in a few weeks. the The vice president reports that it is the intention of the bank management and to 11"} u! II" And of 99 resume business on October 1. THE Monitor Co., of Auburn. manufacturer of windmills, has failed. Assets, $65,000: liabilities. 885,000. A TRAGIC event occurred the other evening near Corydon. Kate Eckert. by aged 9 years. was shot and killed Carrie Perkhiser. aged 18. Miss Perkhiser did not think the revolver the was loaded and snapped the weapon at child in fun. DR SAMUEL E. MUNFORD. a noted physician and surgeon of Princeton, died the other morning. of consump' u! dus JO Month uu 10 result ehe *uon Dr. Munford was one of the 1891. trustees of the Indiana Medical colat the time of his death. He was lege liberal contributor to the medical a journals of the country, and he served president of the state Medical soas ciety during 1883. He enlisted in the late war as private in the Seventeenth Indiana volunteer infantry, but soon rose to the rank of surgeon. ATTY-GEN. GREEN SMITH has sustained Gov. Matthews in regard to the latter's stand on the Roby prize ring matter. The attorney general holds that the offenses committed at Roby simply misdemeanors over which are any Lake county justice of the peace has jurisdiction. TAYLOR'S planing mill and three dwellings burned at Lafayette. AT Indianapolis Frank D. Harris, 30, who had domestic troubles, aged kissed his wife and then suicided by taking prussie acid. THE trouble between the workmen and proprietors of the Midland Steel works. Muncie. has been settled,and commenced work. The men men agreed to make 45 tons a day at $1.80. The Indiana Iron mill will start soon use arout 009 De each pus AT Winchester Samuel Price was arrested on suspicion of having murdered Kent Browne. colored. THE Carroll county soldiers' monuship mej = SEAL quam MR. AND MRS. ROBERT CONES. of Muncie, the other day celebrated their fiftieth wedding anniversary. About one hundred guests were present. - SEM pase H n rested near Fort Wayne for having in behis possession a horse and buggy Jo Ross, "I 'IN on SujBuot John Kessler, aged but 10 years. He is


Article from Asheville Daily Citizen, September 13, 1893

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MORE SIGNS OF GOOD TIMES. Silk and Iron Mills Busy Again--Bank Will Reopen. ALLENTOWN, Pa., Sept. 10.-The industrial outlook in Allentown is brighteniug. The broad silk department of the Adelaide Silk mill, which has been running on half time for several months, has started on full time, giving employment to 600 hands. The Kluenter jurniture factory, which has been idle for six weeks, has started up with orders enough to keep the force at work until winter. The Consolidated Steel and Wire company will resume this week. It has been idle since July 1. COLUMBIA, Pa., Sept. 10.-The Susquehanna Iron company and the Columbia Iron company will resume tomorrow, giving employment to 900 persons. INDIANAPOLIS, Ind., Sept. 10.-The cashier of the Bank of Commerce says the bank will resume Oct. 1.-N. Y. World.


Article from St. Paul Daily Globe, October 3, 1893

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Another Bank Opens. INDIANAPOLIS, Ind., Oct. 2. - The Bank of Commerce, which suspended the latter part of July, reopened today. The sign "bank open" was displayed promptly at 9 o'clock. The first two callers deposited money and the third cashed a small check. There was no run on the bank, and throughout the day business went on at the bank as though nothing had happened. Cashier Bosson said the bank reopened in excellent condition, and cash with which to meet all liabilities.


Article from The Red Cloud Chief, October 6, 1893

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dollar of the Exposition's debt. John Bradley, A pilot, disappeared from the towboat Lizzie Gardner at Alton and is thought to have been drowned. A farmer near Nevada, Mo., was fatally poisoned through an error of his wife, who gave him aconite by mistake. In a battle between a sheriff's posse and two cowboys Wednesday near Verde Valley, N. M., the latter, Andy Dimond and R. G. Harris, were shot and killed. Marion Hedgepeth, the Glendale train robber was sentenced to 25 years im. prisonment by a jury at St. Charles, Mo. A wrecked lifeboat of the missing steamer Alvo has been found, strengthening the belief that the Alvo was lost with all on board. William Hunt, an old soldier, was found dead at Des Moines, Ia., with evidence of foul play. The police are investigating the case. The supreme council of Minnesota Knights of Pythias voted yesterday 31 to 10 against the admission of liquor dealers to the order. The case against the railroad officials at St. Louis, indicted for the violation of the inter-state commerce law were continued until the November term. Professor William Benjamin Smith has resigned his position as dean of the department of mathematics at the Missouri University, and accepted a professorship at Tulane University, New Orleans. Monday, Oct. 2. The Union Pacific system has withdrawn from the Western Passenger association. Company C, Kansas National guard, refuses to be mustered and threatens resistance with arms. William Baker. a farmer near Valparaiso. Ind., has sued Miss Emily Peters for $10,000 for breach of promise. At Purcell, I. T., a convention representing Oklahoma and the Indian Territory petitioned congress for statehood. Secretary Lesueur is after the corporations of Missouri who have not complied with the provisions of the antitrust law. Dr. Gray, a prominent druggist and physician of Tuskahoma, I. T.. is believed to have been murdered by hired Choctaw assassins. The baby reported missing from its cradle at Vandalia, Ills., has been found in possession of 16 woman who wanted to fool her husband. Animals believed to be escaped lions and panthers from a circus are creating a reign of terror in Douglas and Edgar counties, Illinois. The murderers of W. S. Walsh of St. Louis have offered to surrender at Santa Fe, N. M., if guaranteed protection from mob violence. The hazing cases, which brought Ohio Wesleyan university into disgrace, will not be tried in the courts. The students have paid the costs. The Colorado silver miners have made a proposition to the men to reopen the mines at wages scaled according to the market price of the metal. Mrs. Bell, wife of John Bell of Kansas City, created a scene in a Chicago court in a suit for the custody of her children by denouncing husband. the judge and assaulting her Tuesday, Oct. 3. Cowboys found the dismembered skeleton of a man near Nelson, I. T. Canada has refused to impose further strictions on Chinese immigration. The Presbyterians of Macomb, Mo., dedicated a handsome church. The congress of Mexico has authorized President Diaz to reform the postal laws. Joe Hardin, the Centralia train robber, admits that the outlook for him is very dark. The remains of Professor Procter, the astronomer, will be reinterred and a monument erected over them at New York. A mass meeting of miners was held at Springfield, Ills., and a demand made for an increase of from 40 to 45 cents a ton. Dr. William A. Cole, a man prominent in Masonry, medicine and politics, died at his home in English, Ind. New York detectives have arrived at San Jose, Costa Rica, to take charge of Embezzler Weeks, the erstwhile New York millionaire. Albert B. Stepherson, an authority. makes a careful estimate of this year's yield of cotton at 6,800,000 bales, 400,000 more than last year. A aged and wealthy Illinois farmer went to the World's fair, made theacquaintance of a waitress in a restaurant and forthwith made her his wife. Elmer E. Johnson, who was receiver at the Del Norte (Colo.) land office and disappeared last December, has been arrested at Fort Worth, Tex. The Northwestern Iowa M. E. conference adopted resolutions vigorously denouncing the old political parties for avoiding prohibition as an issue. Wednesday, Oct. 4. The Bank of Commerce at Indianapolis, closed since July, has reopened. The Germans of southeast Missouri held a reunion at Springfield. Illinois finances are improving, according to the report of the secretary of state. Jim Keenan, the old base ball player, was fined $10 in a Cincinnati court for beating his wife. Crazy over religion, a man at Lafayette, Ind., built an altar and sacrificed two hogs upon it.


Article from The Iola Register, October 13, 1893

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THE WEST. THE Northwest Iowa M. E. conference adopted resolutions vigorously denouncing the old political parties for avoiding prohibition as an issue. THE barns, engine and power house, together with a large number of motors and trail cars of the Canton & Massillon (0.) electric railway, were totally destroyed by fire. Loss, $100,000. A PARTY of seven, out sailing near the entrance of Coos Bay, Oregon, were capsized by a gust of wind and B. M. Delouney, two children and John Wikland were drowned. Two ladies and a child held on to the boat and were rescued. RETURNS show that 115,000 obtained certificates for the strip opening. Two tramps were killed and two fatally injured in a wreck on the C., C., C. & St. L. near Edgemont, Ind. THE Pan-American bimetallic convention met at St. Louis on the 3d. CHILDREN under twelve years will be admitted to the world's fair on and after October 10 for 10 cents. The inmates of orphan asylums will be admitted free on certain days to be named by the council of administration. THE Bank of Commerce at Indianapolis, Ind., closed since July, has reopened JUDGE Cox, of the criminal court, and Judge Brown, of the circuit court of Indianapolis, Ind., have cited each other to appear on the charge of contempt at the same hour. C.F. MAXSON, the missing president of the Farina (III.) bank, has written his wife she will never hear from him again. From $12,000 to $15,000 is due his creditors. SERIOUS trouble is threatened between Catholics and Protestants at Pawnee, III., over religious exercises held in the public schools. JUDGE SHIRAS, of the federal court at Sioux City, has taken under advisement the application for a receiver for the Sioux City & Northern road. A REPORT received at Helena. Mont., says that Deputy Marshal Jackson made an attempt to capture the Northern Pacific train robbers and that seven of his posse were killed.


Article from The Jasper Weekly Courier, October 13, 1893

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INDIANA STATE SSeqpues SUM БОЛЯ and killed at Indianapolis for money. THE Bank of Commerce.of Indianap lis, which suspended the latter part July, has reopened. Cashier Bos says the bank reopened in excelle condition, and had cash to meet liabilities. THE widow of Express Messeng Theodore F. McMahan filed a suit at Lafayette, as administratrix her husband's estate, against the Four railroad company. MeMahon killed May 7. EDWARD & ADAMS' grain elevate on the Wabash railroad, in Wabas burned. The building was a structure and held nearly 30,000 els of wheat, which is almost entire destroyed. One thousand bushels clover-seed were carried out. wheat was owned by the farmers but little of it was insured. The vator was the property of the Waba railroad company, and is said to been fully covered by insurance. losses on grain and buildings will proximate $25,000. The fire originat from the engine-room and spread great rapidity. LATE the other night Kumler & lord brought a $12,000 damage suit Lafayette against the Monon behalf of Frederick Gillespie, a aged 8 years. In August, 1892, the climbed upon a caboose platform of Monon road and was ordered off by Sujuna SUM upun PUL computer. the time. and the stern command of conductor. and the lifting of his (as is claimed he did). as if to kick off. frightened the little fellow and attempted to get off of the step. swung around under the wheel and foot was so crushed as torequire tation. THE grand jury, in session at bus, returned indictments against and Mary Lewis, John and Mary der. Henry and Annie Van Horne. Igle, Henry Mundt. John J. and Ham Leesman, for riotons cons acy in taking from her home Mrs. drew Schrader, at the midnight and unmercifully whipping her. shortest punishment for this offense two years in the state's prison. MR. AND MRS. JESSE ANDREW, of fayette, celebrated their sixty-fi wedding anniversary. Mr. Andrew eighty-seven and his wife eighty-fo and both in excellent health. were married in Hamilton, O., 8581 '2 THE other day Miss Dora Peters, siding near Pettit. Tippecanoe committed suicide by hanging to the rafters of the milk house. old keg and a pail were used as a form to enable her to adjust the about her neck. Miss Peters was sixteen years old. JOHN HOFFMAN, of Brazil, 50, a er, suicided by shooting. THE Indiana Iron Co., at made a proposition to their 500 start the big plant recently after idleness of four months, but the refused the offer by a unanimous The company wanted the puddler work for 84 instead of 85 per ton, the finishers to accept a twentyper cent. reduction. Two little boys of Hicks, Jeffer county, named Whittam and Tho respective 01 pus S pade 'uos went hunting pawpaws the other and became lost. Searching are out in every direction. As there are no tidings of the boys. The parents are almost tracted with grief. THERE have been 100 cases of