6316. Prairie City Bank (Terre Haute, IN)

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: August 12, 1893
Location: Terre Haute, Indiana (39.467, -87.414)

Metadata

Model: gpt-5-mini
Short Digest: 48574245

Response Measures

None

Description

The Prairie City Bank (private bank) of Terre Haute made an assignment and closed its doors on Aug 12, 1893. Newspapers describe an assignment to B. V. Marshall and signs posted stating the bank 'has gone into liquidation.' There is no description of a depositor run prior to the suspension. The bank did not resume operations and the president was later tried (acquitted in one trial; other indictments followed).

Events (2)

1. August 12, 1893 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank was insolvent/known to be in bad condition; owner J.S. Beach assigned all his property and the bank made an assignment to B. V. Marshall (liquidation).
Newspaper Excerpt: When the banking hour came this morning the following sign was suspended in front of the Prairie City Bank: Owing to stringency in the money market this bank has gone into liquidation. The bank is a private concern of which John S. Beach is President.
Source: newspapers

2. June 27, 1894 Other

Newspaper Excerpt: The trial of John S. Beach, president of the Prairie City Bank, which closed during the panic last summer, resulted today in acquittal, the jury being instructed to bring in a verdict of not guilty. Beach was indicted for embezzlement.
Source: newspapers

Newspaper Articles (14)

1. August 13, 1893 The Sun New York, NY

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BANKS IN TROUBLE. The First National Bank or Gadaden, Ala. Suspends. GADSDEN. Aug. 12.-The First National Bank suspended payment this morning. with a capital stock of $50,000: deposits of $80,000. The directors assure depositors that they will be paid in full. MCALLISTER, I. T., Aug. 12-The South MoAllister Bank has gone into liquidation for the purpose of suspending. All depositors will be paid in full. The National Bank of Denison is winding up the affairs of the suspended bank. SAN FRANCISCO. Aug. 12.-Upon application of several creditors. Judge Garber yesterday afternoon made an order citing the Pacific Bank to show cause on Aug. 24 why it should not be adjudged insolvent. and surrender its estate for the benefit of its creditors. TERRE HAUTE. Ind.. Aug. 12.-When the banking hour came this morning the following sign was suspended in front of the Prairie City Bank: Owing to stringency in the money market this bank has gone into liquidation. The statement will soon be ready." The bank is a private concern of which John S. Beach is President. Mr. Beach assigns all his real estate in this city and in Florida to G. v. Marshall. the assignee. M. R. McKeen holds a mortgage of $50,000 on the property to secure a note drawn by Mr. Beach. Mr. Beach is treasurer of the Terre Haute Savings Bank. and his property is also subject to mortgages held by J. G. Williams. a director, to cover the money deposited with the Prairie City by the savings bark. MONTICELLO, III.. Aug. 12-The banking house of W. W. Beatty. known as the Mansfield Bank at Mansfield, III., yesterday made an assignment to A. J. Langley. whose bond was fixed at $25,000. Liabilities. $106,759: assets, $135,000. principally real estate in Platt county and Chicago. NASHVILLE, Aug. 12.-The People's Bank at Lewisburg failed to open its doors this morning. This suspension 18 due to the suspension of the First National and American National Banks of Nashville. a constant drain by de. positors. and failure to collect. The President and cashier state that the bank is in first-class condition. and they are confident that it will be able to resume in a few days or AS soon RS a meeting of the stockholders and depositors can be held. COLUMBIA, Pa.. Aug. 12.-The following notice was posted on the doors of the bank of E. K. Smith this morning: Closed for the present to liquidate." Deposits are estimated at $100,000. and it is believed depositors will be paid in full. E. K. Smith confessed judgment last night in favor of his wife in the sum of $36,167.49.

2. August 13, 1893 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, August 13, 1893

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PRAIRIE CITY BANK GONE UP. The Panic Has Struck Terre Haute, but No Runs Follow. TERRE HAUTE, Ind., Aug. 12.-The Prairie City Bank, a private banking establishment, made an assignment this morning to B. V. Marshal, who has not yet filed a statement of the assete and liabilities. The bank 18 not indebted to any other Terre Haute bank. Its president, Mr. J.S. Beach, is treasurer of the Terre Haute Savings Bank. but owes the bank nothing. He has assigned all his property for the benefit of his creditors. There is no run yet on any of the other banks. The failure of the Prairie City Bank did not cause much excitement because it was looked upon as a small concern and was known to be in a bad condition. There is no statement of its assets or liabilities, but the showing will be a bad one. Just before banking hours closed there was some excitement about the First National, which 18 the largest bank in the city. The police had to disperse a crowd of two hundred persons, who had congregated about the doors. Very little money was drawn out.

3. August 13, 1893 New-York Tribune New York, NY

Article from New-York Tribune, August 13, 1893

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MORE BANKS CLOSE THEIR DOORS. INSTITUTIONS IN MANY STATES FORCED TO SUSPEND. Lancaster, Penn., Aug. 12.-The following notice was posted on the doors of the bank of E. K. Smith, at Columbia, this morning: "Closed for the present to Hquidate." Mr. Smith refused to say anything about the closing beyond that it was due to the stringency of the money market. Deposits are estimated at $100,000, and it is believed depositors will be paid in full. Business will not be resumed. E. K. Smith confessed judgment last night in favor of his wife in the sum of $36,167 4 Nashville, Tenn., Aug. 12.-The People's Bank at Lewisburg failed to open its doors this morning. The suspension is due to the suspension of the First National and American National Banks of Nashville, a constant drain by depositors and failure to collect. The president and cashier state that the bank is in first-class condition, and they are confident that it will be able to resume in a few days or as soon as a meeting of the stockholders and depositors can be held. There is no excitement at Lewisburg on account of the suspension. Cadsden, Ala., Aug. 12.-The First National Bank suspended payment this morning, with a capital stock of $50,000, deposits of $80,000. The directors assure depositors that they will be paid in full. Terre Haute, Ind., Aug. 12.-The Prairie City Bank, a private institution of this city, made an assignment this morning to B. V. Marshal. J. S. Beach, its president, is also treasurer of the Terre Haute Savings Bank, but owes that bank nothing. He has assigned all his property for the benefit of his creditors. There is no indication of a run on the other banks. Monticello, III., Aug. 12.-The banking house of W. W. Beatty, known as the Mansfield Bank, at Mansfield, III., made an assignment yesterday to A. J. Langley, whose bond was fixed at $25,000. The liabilities are $106,759, and assets $135,000, principally real estate in Platt County and Chicago. McAllister, 1. T., Aug. 12.-The South McAllister Bank has gone into liquidation for the purpose of suspending. All depositors will be paid in full. The National Bank of Denison is winding up the affairs of the suspended bank. San Francisco, Aug. 12.-On application of several creditors, Judge Garber made an order yesterday afternoon citing the Pacific Bank to show cause or August 24 why it should not be adjudged insolvent, and surrender its estate for the benefit of its credItors.

4. August 17, 1893 The Green Forest Tribune Green Forest, AR

Article from The Green Forest Tribune, August 17, 1893

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THE WEEK'S NEWS IN BRIEF. MANY INCIDENTS REDUCED FROM COLUMNS TO SHORT, SPICY PARAGRAPHS. Everything Eliminated But Facts For the Special Convenience of Readers of The Tribune. THE eastern roads have raised the World's Fair rates. MR. GLADSTONE has announced an autumn session of Parliament. SEVERAL cases of cholera have developed in quarantine at New York. THE Torrey bankruptcy bill has again made its appearance in congress. THE city clerk of Gutherie, Okla., is said to be $5,300 short in his accounts, THE First National Bank of Nashville, Tenn has been forced to suspend. THE Prairie City Bank, a State institution of Terra Haute, Ind., has assigned THE Commercial Bank of Brooklyn, N.Y., a State Institution, has suspended. THE Republicans of Kansas are anxiously figuring on the State campaign of next year. PRESIDENT CLEVELAND has left Washington for Gray Gables to spend the rest of the summer. LEAD and zinc miners of Missouri have combined to bring the smelters to terms or stop mining. DEMONSTRATIONS of pronounced hatred towards President Cleveland are being made in Colorado. THE total of last week's clearings for the United States were $709,905,224, a decrease of 20.2 per cent. DENVER ministers suggest a national fast and prayer day as one measure of relief from the.financial stringency THE Cherokee Strip will soon be openred. All the regular troops in the Territory are under marching orders. THE treasury has made arrangements by which the cotton crop of the South will be moved and threated distress relieved. THE Atlanta Constitution condemns severely the President's message and says that in it he entirely ignores Democratic policy THE currency famine in New York is as bad as ever, but measures have been set on foot which, it is hoped, will soon relieve it. THE brain of little Willie Finn, killed by his ineane father in St. Louis, weighed fiftytwoounces-the same as Daniel Webster's. RECORDER SMYTHE of New York City has refused to grant anew trial to Dr. Robert Buchanan, convicted of poisoning his wife. PENSION checks for this quarter to the extent of nearly half a million dollars are being paid in gold at the St. Louis sub-treasury. ITALIAN, Austrian, and Hungarian laborers are leaving Pueblo, Colo., for their old homes in Europe at the rate of 200 or 300 a week. THE Ohio Democratic convention Tuesday nominated Lawrence T. Neal to make the race for governor against William McKinley. Miss MADELINE Z. POILARD has brought suit against Congressman Breckinridge of Kentucky for $50,000 damage for breach of promise. STATISTICS show that the losses in the United States from fire during the first seven months of this year greatly exceeded those of 1891 or 1892. IT is reported that 11 men were killed and several others wounded in a battle between citizens and a gang of outlaws in Clarke county, Ala. THOUSANDS of persons camping along the southern border of Kansas awaiting for the opening of the Cherokee Strip are in destitute circumstances. COMMISSIONER PARKER of St. Louis vigorously denounced the selection of so many eastern men to the exclusion of westerners to World's Fair Judgeships. PREPARATIONS are being hastened for the opening of the Strip, and it is believed that the President's proclamation will be issued soon after the lat of September. THE silver men in the House caucussed Wednesday and adopted a resolution to support the repeal of the Sherman law concurrently with a bill for free coinage. JACK CHAMBERS, a negro. was lynched near Waresboro, Ga. His body was found hanging to a tree in a thicket, riddled with bullets. His crime was committed over a year ago. "MR. RODNEY," of Galveston, who, with wife, walked to the World's Fair. will have to explain away a resemblance between himself and one Bert Vincent, an Illinois wife deserter. EASTERN Boone Mo., is suffercounty, grasshoppers. Six ing from an invasion of acres of fine orchard in one case was left without leaves monut of their vioitatinna Other

5. August 17, 1893 River Falls Journal River Falls, WI

Article from River Falls Journal, August 17, 1893

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JACK CHAMBERS, Dan Lewis and Jim Taylor, all colored, charged with an assault on Mrs. George Warren at Hoboken, Ga., last spring, were caught and lynched within 3 miles of Way Cross, Ga. A SOLDIER named William Laugherty was murdered by miners at Coal Creek, Tenn., and his death was avenged by lynehing Dick Drummond. IN convention at Cincinnati the Ohio democrats nominated Lawrence T. Neal, of Chillicothe, for governor; W. A. Taylor for lieutenant governor; B. C. Blackburn for treasurer, and J. W. Sater for supreme judge. The platform approves the Chicago platform, especially its reference to tariff and currency legislation; indorses the president's message to congress; protests against abuse of the pension Jaws, and calls upon the democrats in congress to extricate the great commercial interests of this country from their present distressed condition. THE flight was reported of Lee Butler, cashier of C. M. Wright & Co.'s bank at Altamont, III., with $41,000, the entire assets of the bank. IN Milwaukee fire among warehouses and factories caused a loss of $150,000. FREE silver men hanged President Cleveland in effigy at Ogden, Col. THE loss of the sealing schooner Helen Blum, of San Francisco, was reported, with her crew of twenty-five men. HENRY BROWN (colored), who was hanged for the murder of a peddler in East St. Louis, III., in December, 1880, while an accessory has been discovered not to have been the principal, the murderer being J. C. Jackson, another negro, who was acquitted of the charge. IN a battle with citizens of Clark county, Ala., thirteen of the Meachim gang were killed. The affair is the outgrowth of a feud of some years' standing. BEATTY'S bank at Mansfield, III, and the National bank at Waxahachie, Tex., closed their doors. HERNSHEIM'S cigar factory, Maginnis' cotton mills and Fisher's sawmills in New Orleans, employing in the aggregate over 2,000 hands, were closed. Henry HALL was hanged at Pikeville, Ky., for the murder of his brother. AN explosion at the Girard furnace in Youngtown, o., injured SIX employes, five fatally. FLAMES wiped out the business portion of Milford Center, O. AT Pensacola, Fla., A. W. Dunham killed his wife because she refused to live with him and then took his own life. AT the bicycle tournament in Chicago L. S. Meintjes, of South Africa, won the 62-mile international championship, the time being 2 hours and 46 minutes. THE republican state committee of Virginia decided not to nominate a state ticket this year. INCENDIARY fires in Minneapolis destroyed three planing mills, a sash and door storehouse, bottling and malt house, boiler works, box and ladder factory icehouse, carriage factory, 113 dwellings and in addition about 40,000,000 feet of cut lumber, the total loss being $1,500,000. FIRE destroyed the fertilizing works of Nelson Morris & Co. at the stock yards in Chicago, causing a loss of $271,000. THE doors of the Prairie City bank at Terre Haute, Ind., were clossd and Josiah Morris & Co., the leading private banking house in Alabama, made an assignment in Montgomery with liabilities of $1,1000,000 and assets of $2,000,000. Other bank suspensions were: The People's at Lewisburg, Tenn., the Bank of Plaquemine, La., and the First national at Gadsden, Ala. FRED ROOME and brother, and Grace McDonald, of Chicago, and Carrie Hammond, of Wauconda, were drowned by the capsizing of a yacht on Bang's lake at McHenry, III. IT was said that Barrett Scott, treasurer of Holt county, Neb., was $60,000 short in his accounts. He had disappeared. MRS. GEORGE RIEF. Mrs. Charles Rief, Miss Wagner and a child named Weber were drowned by the capsizing of a boat at Chattanooga, Tenn. THE expenditures at the world's fair thus far have been $23,101,821 and the receipts $23,680,417.

6. August 17, 1893 The Russellville Democrat Russellville, AR

Article from The Russellville Democrat, August 17, 1893

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Assigned This Morning. TERRE HAUTE, IND., August 12] - Prarie City Baak, a "private institution" of this city, made an assignment this morning to B. V. Marshall, who has as yet made no statement of assets and liabilities. J. S. Beach, president, is also treas urer of the Terre Haute Savings Bank, but owes that bank nothing. He assigned all his property for the benefit of his creditors. There is no indication of a run on the other banks.

7. August 18, 1893 The Hope Pioneer Hope, ND

Article from The Hope Pioneer, August 18, 1893

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FREE silver men hanged President Cleveland in effigy at Ogden, Col. HENRY BROWN (colored), who was changed for the murder of a peddler in East St. Louis, Ill., in December, 1SS0, while an accessory has been discovered not to have been the principal, the murderer being J. C. Jackson, an.other negro, who was acquitted of the charge. IN a battle with citizens of Clark county, Ala., thirteen of the Meachim gang were killed. The affair is the outgrowth of a feud of some years standing. BEATTY'S bank at Mansfield, Ill. and the National bank at Waxahachie, Tex.. closed their doors. THE tobacco crop in five counties in Kentucky was ruined by hail. HERNSHEIM'S cigar factory, Maginnis cotton mills and Fisher's sawmills in New Orleans, employing in the aggregate over 2.000 hands. were closed. HENRY HALL was hanged at Pikeville, Ky, for the murder of his brother. AN explosion at the Girard furnace in Youngtown, O., injured six employes. five fatally. FLAMES wiped out the business portion of Milford Center. O. AT Pensacola, Fla., A. W. Dunham killed his wife because she refused to live with him and then took his own life. AT the bieyele tournament in Chicago L. S. Meintjes, of South Africa, won the 62-mile international championship, the time being 2 hours and 46 minutes. THE republican state committee of Virginia decided not to nominate a state ticket this year. INCENDIARY fires in Minneapolis destroyed three planing mills, a sash and door storehouse, bottling and malt house, boiler works, box and ladder factory icehouse, carriage factory, 112 dwellings and in addition about 40.000,000 feet of cut lumber, the total loss being $1,500,000. FIRE destroyed the fertilizing works of Nelson Morris & Co. at the stock yards in Chicago. causing a loss of $271,000. THE doors of the Prairie City bank at Terre Haute, Ind., were clossd and Josiah Morris & Co., the leading private banking house in Alabama, made an assignment in Montgomery with liabilities of $1,1000,000 and assets of $2.000,000. Other bank suspensions were: The People's at Lewisburg, Tenn., the Bank of Plaquemine, La., and the First national at Gadsden, Ala. FRED ROOME and brother. and Grace McDonald, of Chicago, and Carrie Hammond. of Wauconda, were drowned by the capsizing of a yacht on Bang's lake at McHenry, Ill. IT was said that Barrett Scott. treasurer of Holt county, Neb., was $60,000 short in his accounts. He bad disappeared. MRS. GEORGE RIEF. Mrs. Charles Rief. Miss Wagner and a child named Weber were drowned by the capsizing of a boat at Chattanooga, Tenn. THE expenditures at the world's fair thus far have been $23,101,821 and the receipts $23,680,417.

8. August 19, 1893 The Irish Standard Minneapolis, Saint Paul, MN

Article from The Irish Standard, August 19, 1893

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OUT OF CASH. Many Banks in Various Localities Forced to Close Their Doors. WASHINGTON, Aug. 12.-Only two banks suspended yesterday, viz.: The National bank at Waxahachie, Tex., and Beatty's bank at Mansfield, Ill. WASHINGTON, Aug. 13.-The bank. failures reported yesterday were: The Prairie City bank at Terre Haute, Ind., and Josiah Morris & Co., the leading private banking house in Alabama, at Montgomery with liabilities of $1,100,000 and assets of $2,000,000, the People's at Lewisburg, Tenn., the Bank of Plaquemine, La., and the First national at Gadsden, Ala. WASHINGTON, Aug. 15.-The comptroller received notice yesterday of the following failures: Citizens' national at Attica, Ind., Bank of Springfield at Springfield, Mo., and the People's, Citizens' and Commercial banks at Pulaski, Tenn. WASHINGTON, Aug. 16.-Notice was received yesterday that the Hartford bank of Phoenix, A. T., had assigned, and that Johnson, Buck & Co., bankers at Ebensburg, Pa., with branch banks at Carrolltown and Hastings, had closed their doors.

9. August 24, 1893 Grant County Herald Lancaster, WI

Article from Grant County Herald, August 24, 1893

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OUT OF CASH. Many Banks in Various Localities Forced to Close Their Doors. WASHINGTON, Aug. 11.-The following bank failures were reported yesterday: The American national at Nashville, Tenn., the Hamilton county state bank at Webster City, la., the Caldwell county exchange bank at Kingston, Mo., the Exchange bank at Polo, Mo., and Johnston, Buck & Co., of Ebensburg, Pa., conducting banks at Ebensburg, Carrollton and Hastings. WASHINGTON, Aug. 12.-Only two banks suspended yesterday, viz.: The National bank at Waxahachie, Tex., and Beatty's bank at Mansfield, III. WASHINGTON, Aug. 13.-The bank failures reported yesterday were: The Prairie City bank at Terre Haute, Ind., and Josiah Morris & Co., the leading private banking. house in Alabama, at Montgomery with liabilities of $1,100,000 and assets of $2.000,000, the People's at Lewisburg, Tenn., the Bank of Plaquemine, La., and the Firstnational at Gadsden, Ala. WASHINGTON, Aug. 15.-The comptroller received notice yesterday of the following failures: Citizens' national at Attica, Ind., Bank of Springfield at Springfield, Mo., and the People's, Citizens' and Commercial banks at Pulaski, Tenn.

10. June 27, 1894 Evening Star Washington, DC

Article from Evening Star, June 27, 1894

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# Not Guilty of Embezzlement. TERRE HAUTE, Ind., June 27.-The trial of John S. Beach, president of the Prairie City Bank, which closed during the panic last summer, resulted today in acquittal, the jury being instructed to bring in a verdict of not guilty. Beach was indicted for embezzlement.

11. July 4, 1894 The Enterprise Wellington, OH

Article from The Enterprise, July 4, 1894

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DOMESTIC. SEVERE thunder storms passed over the western portion of Floyd county, Ind., on the 27th ult., doing thousands of dollars' worth of damage to crops. Lightning struck the United Brethren church at Georgetown and it was burned to the ground, with three other buildings. Loss, $15,000; partially insured. AT Chicago on the 27th ult. Grand Master Sovereign, of the K. of L., issued a manifesto to all knights, calling on them to unite in rendering all the aid in their power to the members of the American Railway union in their present contest. THE attorney general has sent to the senate a request for a deficiency appropriation of $125,000 in lieu of $50,000 asked for some time ago. This amount is required to meet the expenses incurred by United States marshals and other officers of the department of justice in the arrest and punishment of Coxeyites in the west, charged with stealing trains over which the government has jurisdiction. THE decrease in May earnings on the Pennsylvania railway lines, east and west, reaches $1,700,000. The statement issued on the 26th shows a loss of $1,000,000 on eastern lines and $700,000 on western. THE coke strike at Uniontown, Pa., bids fair to outrival all of its predecessors in expense. The actual cost is thought to aggregate $1,000,000; of this sum the men have lost in wages $584,000 and the operators nearly a half million more in the payment of duties. THE trial at Terre Haute, Ind., of John S. Beach, president of the Prairie City bank, which closed during the panic last summer, ended on the 27th in a verdict of acquittal. Beach was indicted for embezzlement. A SEVERE wind, rain and hail storm swept over eastern Tennessee on the 26th and was followed by a cloudburst on the Tennessee river, twenty miles east of Knoxville, damaging thousands of acres of crops. AT Washington, D. C., on the 28th ult. Judge McComas sentenced George Jackson, Max Belt, Frank Jackson, Bob Coats and William Bowman, all colored, to the Albany penitentiary for a period of twenty-five years each. The prisoners had been convicted of having on June 11 criminally assaulted a colored woman named Henrietta Storried. On the night of the 27th ult. burglars broke into the house of John Howard, near Parker, Pa., and ordered him to tell where he kept his money. He refused to answer. They then held his bare feet over the flame of lamps until he weakened under the torture and told where $170 would be found. The thieves took this and a quantity of goods and left. Howard is in a critical condition. THE heaviest rainfall in forty years fell at Evansville, Ind., on the 25th. Twelve inches was the amount that fell. Wheat that has not been cut in the bottom land was from four inches to one foot and a half under water. Great damage was done to growing crops.

12. July 5, 1894 Iron County Register Ironton, MO

Article from Iron County Register, July 5, 1894

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OSCAR PETERSON, James Doggett and Daniel Connoys, miners, were suffo cated to death in the Jefferson mine at Victor, Col., on the 27th. by foul air. Peterson was first overcome and the other two went to his rescue. MR. WILLIAM DAVIS GALLAGHER, poet and journalist, died at Louisville, Ky., on the 27th, aged 86. The first of his poems to attract attention was "The Wreck of the Hornet." He was recognized as a capable journalist of broad views. AN alarm of fire was rung in from the Charlestown (Mass.) prison on the 27th, for a small blaze in the prison. It caused an outbreak among the prisoners, in which one man was fatally shot and another seriously hurt. DR. J. K. HESTAND committed suicide at Ardmore, I. T., on the 27th, by taking cyanide of potassium. lived but a few minutes after swallowing the fatal drug. He was a graduate of the Wherry bichloride of gold cure for the whisky habit, of which institute he was manager. ISAAC GOODMAN, the leader and the third of the notorious Goodman gang to appear for trial at Anderson, Ind., was, on the 27th, denied a new hearing and was sentenced to four years in the Michigan City prison. He is 80 years old, and is worth $50,000. THE trial of John S. Beach, president of the Prairie City bank of Terre Haute, Ind., which closed during the panic last summer, resulted. on the 27th, in acquittal. the jury being instructed to bring in a verdict of not guilty. Beach was indicted for embezzlement. THE jury in the case of Andrew Sauer, cashier of the defunct Defiance (0.) savings bank, charged with embezzling $10,000 of the bank's funds, returned a verdict of acquittal on the 27th. Ex-EMPRESS EUGENIE requested M. Decrais, French Ambassador to Great Britain, to forward to Mme. Carnot a message expressing her sympathy. IT was reported from Rome. on the 27th, that thirty-eight anarchists had been arrested. The Italian police, acting with the French police. are tracking an international anarchist plot. A DISPATCH from Berlin states that Emperor William ordered Count Von Munster, the German ambassador to France, to represent him at the funeral of M. Carnot. His majesty sent a splendid wreath to be laid upon the coffin. LATER accounts from the storm ir South Dakota and Minnesota, on the 27th, give the names of ten persons killed outright and more than a score severely injured by falling buildings and otherwise. MR. MATTHEWS, a partner in the firm of Gore, Matthews & Co., millers of Lima, Peru, which recently went into bankruptey, threw himself from the steamer Serena, between Cerro Agual and Ceila, and was drowned. IT is said that a suicide club exists ir the east end of Indianapolis, Ind., the members of which, all young men. end their lives by the use of prussic acid. DR. AND MRS. EDWARD PERSON ar rived in Freemansburg, Pa., on the 28th, on a visit to the doctor's sister, Mrs. Joseph Keener. They rode all the way from West Point, Neb., 1,600 miles, in a two-horse buggy, starting on the journey on April 28, and traveling at the rate of 45 miles a day. The longest day's drive was 62 miles on the prairies # in Illinois. THE Inter-state Sheriffs' convention at Sioux City, Ia., on the 28th, elected William Remer, of Deadwood, S. D., president: G. W. Tose, Madison, Neb.; G. T. Hazen. Council Bluffs. Ia.. E. B.

13. July 7, 1894 Macon Beacon Macon, MS

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PERSONAL AND GENERAL. SMITH, for nearly forty years J. C. with the Big Four system, connected known among railway himself men at Inand "Uncle Johnny," hanged 27th. He was dianapolis, on the ran the old and for fifteen years years from Chicago to Indianapolis, train the night of the 27th, as Mrs. of ON Young, a well-known woman walkJohn Manchester. Ind., was uttered North her door yard, she dead. ing in and sank to the ground was scream Heart disease was the cause. She 54 years WILLIAM of age. DAVIS GALLAGHER, MR. and journalist, died at The Louisville, first of poet on the 27th, aged 86. was Ky., to attract attention He was his poems Wreck of the Hornet." of views. recognized "The as a capable journalist broad DR. J. K. HESTAND committed the 27th, by suicide taking at Ardmore, cyanide minutes of I. potassium. T., after on swallowing Helived of but the the a few drug. He was a graduate for the fatal bichloride of gold institute cure he was whisky Wherry habit, of which THE manager. trial of John S. Beach, bank of president Terre of the Prairie which City closed during the the Haute, last Ind., summer, resulted, being on inpanic in acquittal, the jury of not 27th, to bring in a verdict embezstructed guilty. Beach was indicted for zlement. GOODMAN, the leader and gang the ISAAC the notorious Goodman Ind., third of for trial at Anderson, hearing to appear the 27th, denied a new in the was, on sentenced to four years 80 years Michigan and was City prison. He is old, and is worth $50,000. M. Ex-EMPRESS EUGENIE requested to Great Decrais, French Ambassador Mme. Carnot to forward to sympathy. Britain, expressing her message reported from Rome, on had the IT was thirty-eight anarchists act27th, arrested. that The Italian police, trackbeen with the French police, are plot. ing ing an international Berlin anarchist states that A DISPATCH from Count Von Emperor William German ordered ambassador to represent Munster, the him at the funeral France, Carnot. to His majesty sent the coffin. a splenof M. to be laid upon storm did wreath accounts from the the in LATER Dakota and Minnesota, persons on 27th, and more South give the names of than ten a score and otherwise. severely killed outright injured by falling buildings firm & MR. MATTHEWS, a partner Co., millers in the of of Gore, Matthews which recently went from into the bankruptcy, Lima, Peru, Serena, threw between himself Cerro Agual in steamer Cella, and was drowned. and that a suicide club exists the IT is said end of Indianapolis, men, Ind., end the east of which, all young acid. armembers lives by the use of prussic PERSON their DR. AND MRS. EDWARD Pa.. on the in Freemansburg, doctor's sister, rived on a visit to the rode all the 28th, Mrs. Joseph Keener. They Neb., 1,600 miles, from West Point, starting on the way two-horse buggy, traveling at journey miles a day. in a on April 28, and The longest day's in Illinois. the rate drive of 45 was 62 miles on the prairies Sheriffs' convention elected THE Inter-state the 28th, at Sioux City, Ia., of on Deadwood, S. Neb.; D., William Remer, G. W. Tose7, Madison, Ia., E. president: Council Bluffs, U. G. Armstrong, T. Hazen, Sun Dance, Wyo.; James C. MorWorthington, Minn.; vice-presi gan, Dow, Chamberlain, S. D., dents. steamer British Prince the port is the of THE steamer to arrive at Manchester first York direct from vessel is New the ship canal. The experienced difficulty through tons register and in passing the canal to and of no 1,022 whatever Liverpool. conthrough moderate republican France accord THE newspapers of favorable servative President Casimir-Perier they a are conreception, and say that of the French and nation vinced that the the majority real working people will do likewise. remark that he must "swim colWITH drowned," the George Robinson, Briscoe, also or be pushed Abraham Potomac river ored, from one of the 29th, colored, wharves at unable Washington. to swim, on the the arrested. latter and, being Robinson was Firewas ENGINEER drowned. JAMES SUTTON and tug RecEdward Porter, of while the the tug at and ord, man engaged in a full fight speed in Duluth both overboard. falling was (Minn.) going harbor, on the the 29th, engineer was drowned. coal sales agents of new advanced York THE meeting, on the of 28th, anthracite fiftheir the prices of all sizes to the east and west for teen July cents delivery. per ton The tons. output for July was placed at 8,500,000

14. May 13, 1896 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, May 13, 1896

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BANKING LAW UPHELD SUPREME COURT DECISION WILL SETTLE FATE OF BANKER BEACH. Stringent Indiana Statute on Banking Sound in Every Point-Prima-Facie Evidence of Fraud. The Supreme Court yesterday afternoon handed down a decision in the famous Beach bank case, which is thought to settle the fate of John S. Beach, the well-known banker of Terre Haute. The decision upholds at every point the stringent Indiana banking law, which makes it a criminal offense for an officer of a bank to receive deposits when he knows the bank is insolvent, and makes the failure of the bank, within thirty days after the receipt of such deposit, prima facie evidence of such knowledge and intent to defraud. Beach was the owner of the Prairie City Bank of Terre Haute, which failed during the panic of 1893, in August of that year, and was found to be in the neighborhood of $150,000 to the bad. A number of indictments were found against Beach under this statute, and the first case tried was on a charge of defrauding a depositor named John Burns. The case was taken to Park county on a change of venue and tried before Judge White. At its close the judge instructed the jury to bring in a verdict of acquittal. This disposed definitely of this one indictment, but the State appealed to the Supreme Court for a reading of the law and a review of the case. The court sustained the appeal in an opinion handed down yesterday by Judge Monks, and the effect will be to give Beach's attorneys a very difficult job in their effort to get him clear of the other indictments. In the opinion of the Supreme Court the case should have gone to the jury. The trial court also erred, the Supreme Court says, in not admitting certain evidence. Judge Monks says the crime created by the statute is consummated when the insolvent banker fraudulently receives the deposit.. He is guilty of embezzlement when he receives such a deposit. The trial court erred in refusing to admit the testimony of the prosecuting witness on the ground that he owed the bank. It was shown that the deposit made by John Burns, the prosecuting witness, was not to be applied on his indebtedness to the bank. The Supreme Court decision, as summarized, is as follows: The question as to whether an indictment states facts sufficient to show that a public offense has been committed should be presented by a motion to quash or a motion in arrest. 2. When the offense charged is a statutory one it is not necessary to set out in the indictment the facts constituting the offense, but it may be charged in the language of the statute or in terms equivalent thereto. 3. The act of the Legislature which provides that a banker on receiving a deposit within thirty days prior to the time the bank fails shall be prima facie evidence of intent to defraud on the part of the banker is constitutional. 4. When money is deposited with a banker and is not paid on account of the insolvency of the banker when the deposit was made, then the money is lost within the meaning of the statute. The failure, suspension or involuntary liquidation of the banker, by means of insolvency, shortly after the receipt of the deposit relates back to the fraudulent taking, and shows that the deposit was at that time lost to the depositor. 5. A bank has no right to apply a deposit to a debt owed by the depositor until the indebtedness has matured. 6. The appraisement of an insolvent property is competent evidence to be introduced