6452. Fourth National Bank (Louisville, KY)

View Charter #2784 on SPMC

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
2784
Charter Number
2784
Start Date
July 25, 1893
Location
Louisville, Kentucky (38.254, -85.759)

Metadata

Model
gpt-5-mini
Short Digest
5d8592fd028aaf44

Response Measures

Full suspension, Books examined

Description

Contemporary newspapers report a run/drain on deposits leading the Fourth National to close/suspend on July 25, 1893 during the wider banking panic triggered by failures (Milwaukee, Indianapolis, etc.). The bank was permitted to reopen after complying with Comptroller conditions and resumed business on Aug 26, 1893.

Events (5)
1. September 26, 1882 Chartered
Source
historical_nic
2. July 25, 1893 Run
Cause
Macro News
Cause Details
Run and heavy withdrawals precipitated by wider banking panic and failures in other cities (Milwaukee, Indianapolis) rather than a discrete false rumor or bank-specific scandal.
Measures
Closed doors / suspended payment (bank ceased payments during the run).
Newspaper Excerpt
a run during the morning, with a drain from country banks, caused the suspension.
Source
newspapers
3. July 25, 1893 Suspension
Cause
Macro News
Cause Details
Suspension resulted from the panic and heavy withdrawals following other bank failures and general loss of confidence; directors could not meet day's demands and outside aid was unavailable.
Newspaper Excerpt
The Fourth National Bank has closed its doors. ... The Fourth National threw up the sponge at 1:18 o'clock this afternoon after a hard fight.
Source
newspapers
4. August 26, 1893 Reopening
Newspaper Excerpt
The Fourth National bank ... resumed business today. ... permitted to-day to reopen its doors for business (having complied with conditions imposed by the Comptroller).
Source
newspapers
5. June 2, 1894 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (25)
1. July 25, 1893 Evening Star Washington, DC
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.

2. July 25, 1893 The Evening World New York, NY
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

3. July 26, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, July 26, 1893

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THREE MORE IN LOUISVILLE, Two National and a Private Bank Forced to Close Up. Special to the Indianapolis Journal. LOUISVILLE, July 25.-Panic reigned in banking circles here to-day, and as a result three more failures are added to the list, making five since Saturday for Louisville. Runs were in progress on all the banks and none can tell where the trouble will end. The institutions gone up to-day are the Merchants' National, the Fourth National and the Louisville Deposit Bank. The Merchants' was the first to go. Half an hour later the Deposit Bank posted a notice and about the same time the Fourth National went to the wall. At that hour the excitement was running high and every one of half a dozen banks was crowded with depositors who were in line waiting their turn with the paying teller. The first failure of the present crisis was that of the Kentucky National Bank, Saturday. Then came the Louisville City National Monday, after the intervention of a Sunday holiday. and the Merchants' National. The Louisville Deposit and the Fourth National to-day. The failing of the Merchants' National was caused by the withdrawals of country banks and country depositors. The Louisville Deposit was the only bank in the city not a member of the clearing-house association, and, in its time of need, none of the other banks would give it any assistance whatever. The suspension of the Fourth National was a result of the panic. For a week there has been a stendy pulling out of deposits. This changed into a run after the suspension of the Kentucky National last Saturday. and the run continued Monday and Tuesday, and until the funds were exhansted to-day. The Merchants' National was capitalized at $500,000. and J. H. Lindenberger is president. The Fourth National has a capital of $300,000. and a surplus of $5,000; George Davis is president. The Lonisville Deposit Bank has a capital of $800.000, and a surplus of $16,128; Moses Sch wartz 18 president. The last state. ment of the Fourth National was as follows: Resources.

4. July 26, 1893 The Helena Independent Helena, MT
Article from The Helena Independent, July 26, 1893

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Business Difficulties. LOUISVILLE, July .-The Merchants National. the Fourth National and the Louisville Deposit bank did not open this morning. There were rune on other banks, mostly small, but all stood the storm. None of the failures AIR considered bad. Depositors of the two national banks will be paid in full. MILWAUKEE. July 25.-The Wisconsin Marine and Fire Insurance bank closed its doors this morning. It was commonly known as the Mitchell bank. None of the other banks were affected. INDIANAPOLIS, July 25.-The Bank of Commerce and the Indianapolis National did not open their doors this morning.

5. July 26, 1893 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, July 26, 1893

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More Bank Suspensions. INDIANAPOLIS, IND. July 3.-The Bank of Commerce did not open its doors this morning. INDIANAPOLIS, IND., July 25. - The Indianapolis National Bank suspended this morning. LOUISVILLE, Ky., July 25.-The Merchants' National Bank suspended payment this morning. MILWAUKEE. WIS., July 25.-The - Wisconsin Marine- and Fire-Insurance Company Bank closed its doors this morning. This is Senator Mitchell's bank and has been considered the strongest bank in the city. TOLEDO, O., July 25.-The Farmers' National Bank of Findlay, O., closed its doors at noon to-day. No excitement prevails, and the other three banks in the city are prepared for any run that may follow. LOUISVILLE, Ky., July 25.-The Fourth National Bank threw up the sponge at 1:18 o'clock this afternoon after a hard fight. A run during the morning, with a drain from country banks. caused the suspension. President George Davis was seen just after the closing of the doors. "All the information we have to give out at this time," he said, "is that no one will lose a mill by our suspension." Four national banks have thus far suapended since Saturday. The officers of the Merchants' National bank assort their solvency. Depositors and stockholders will receive dollar for dollar. By 10:30 o'clock it became evident to the directors of the Louisville Deposit Bank that they could not meet the day's demands, and as the general condition of financial affairs was such as to preclude the hope of outside assistance, the directors ordered tne doors to be closed, and papers were prepared making an assignment to the Ger. maus Trust Company.

6. July 26, 1893 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, July 26, 1893

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Two at Louisville. LOUISVILLE, July 26.-The Merchants National bank has suspended. LOUISVILLE, July 26.-At 1:30 p. m. the Fourth National bank closed its doors.

7. July 26, 1893 New-York Tribune New York, NY
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-

8. July 26, 1893 The Record-Union Sacramento, CA
Article from The Record-Union, July 26, 1893

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of other banks, but at each large depositors came to its assistance, and officers assured those interested that they were perfectly safe. The general opinion is the worst is past. RUNS ON LOUISVILLE BANKS. LOUISVILLE, July 25.-The Louisville Deposit Bank failed to open its doors today. The Merchants' National Bank has suspended, as also the Fourth National Bank. There were runs on several other banks, mostly small, but all stood the strain. The failure of the Merchants' National was caused by the withdrawals of country banks. The Deposit Bank was not a member of the Clearing-house, and none of the other banks would assist it. The Fourth National failed as a result of the panic caused by the failure of others. None of the failures are considered bad. The depositors of the two national banks will be paid in full. The Merchants' National has a capital of $500,000, the Fourth National a capital of $500,000 and a surplus of $25,000. The Deposit Bank has a capital of $300,000; surplus, $16,000. The last statement of the Fourth National Bank showed a paid in capital stock of $300,000, a surplus fund of $37,000 and undivided profits of $27,956. The Merchants' had a paid in capital of $500,000, a surplus of $100,000 and undivided profits of $21,394. The Deposit Bank statement showed a capital stock of $300,000, undivided profits, $19,155. All the bank officials express confidence that no one will lose a cent if they get time to realize on their assets. Shortly after assignment of the Fourth National President Schwartz filed an individual assignment of all his personal property to the same assignee. The Sweetwood Distillery Company also made an assignment, Mr. Schwartz being President of that company also. No statement has yet been prepared. A FAILURE AT FINDLAY, OHIO. FINDLAY (0.), July 25.-The Farmers' National Bank, one of the popular financial institutions of this city, closed to-day because of its inability to realize upon its assets. The officers assert that they will be able to pay depositors dollar for dollar, and have a surplus when affairs are settled up. Ever since the failure ex-Secretary Charles Foster has been drawn upon heavily, and was unable at the present time to meet the constant drain. There was no run on other banks in the city.

9. July 26, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 26, 1893

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LOUISVILLE BANKS. Three of Them Close Their Doors and Suspend. LOUISVILLE Ky., July 25.-The Merchant's National bank has suspended. The Louisville Deposit bank has also failed. The Fourth National bank has suspended. There wereruns on several other banks, mostly small ones, but all stood the strain. The failure of the Merchant's National was caused by the withdrawal of country banks' deposits. The bank is not a member of the clearing house and none of the other banks would assist it. The Fourth National tailed as the result of the panic caused by the failure of the others. None of the failures are considered bad. The depositors of the two national banks will be paid in full. The Merchant's National has a capital of $500,000 and the Fourth National a capital of $300,000; surplus, $35,000. The Deposit bank has a capital of $300,000 and a surplus of $16,000. The last statement of the Fourth National showed a paid in capital stock of $900,000; surplus fund, $35,000; undivided profits, $27,950. The Merchants' had a paid in capital of $500,000; surplus, $100,000; undivided profits, $21,384. The Deposit bank statement showed a capital stock of $300,000; undivided profits, $19,155. All the bank officials express confidence that no one will lose a cent if they get time to realize on assets. Shortly after the assignment of the Deposit bank President Schwartz filed an individual assignment of all his personal property to the same assignee. The Sweetwood Distillery company also made an assignment, Mr. Schwartz being president of that company also. No statement is yet prepared. Jacob Schwartz, brother of the president, and who has been in the liquor business a number of years, suspended late this afternoon. He owes $70,000.

10. July 27, 1893 Democratic Northwest Napoleon, OH
Article from Democratic Northwest, July 27, 1893

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More at Louisville. LOUISVILLE, July 25.-The Merchants' National bank has suspended payment. The Louisville Trust bank was also forced to close. At 1:30 o'clock Tuesday afternoon the Fourth National bank closed its doors.

11. July 27, 1893 Semi-Weekly Interior Journal Stanford, KY
Article from Semi-Weekly Interior Journal, July 27, 1893

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THREE more Louisville banks, the Merchants' National, the Louisville Deposit and the Fourth National, suspended Tuesday, making five in all to do so. Each claims that the withdrawal of deposits and the failure to get outside aid caused the suspension which will be temporary. Directors and stockholders will be paid in full, they all say, but when, the deponents saith not.

12. July 28, 1893 The Columbian Bloomsburg, PA
Article from The Columbian, July 28, 1893

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TROUBLES OF BUSINESS New York Bankers on the Financial Situation. THEIR WORDS NOT ENCOURAGING The Milwaukee Bank that Failed Yesterday Had Been Regarded as One of the Strongest Institutions in the Country. Three Louisville Banks Collapsemost a Panic On the New York Stock Exchange-The Indianapolis Failure. NEW YORK, July 26. - The continued reports of failures among Western banks in the opinion of New York bankers shows that the financial situation there is in no way improving. In fact, it is less encouraging than ever. The feeling is more than confirmed by the suspension of the Wisconsin Marine and Fire Insurance Company's Bank at Millwaukee. "The Wisconsin Marine and Fire Bank," said President Cannon, of the Chase National, "has always been regarded as one of the strongest and most prosperous institutions in the Northwest, and its failure is certainly the most serious calamity that has yet occurred since the financial depression began to be felt in the West. "Such an itstitution going under cannot fail to add to the general distress, and the suspension may be far-reaching in its effects. "I do not like to make gloomy predictions, for the situation is bad enough as it is, and financial institutions need all the support and encouragement that can be given. Yet it is evident that all these failures can be traced to a common cause, anxiety for the future, lack of confidence and the withdrawal of money from circulation.' President J. Edward Simmons, of the Fourth National Bank, also said that the failure of the Milwaukee Bank was in his opinion the most serious that had occurred in the West, as it was an old and wellestablished institution, with extensive connections and ramifications all over the Northwest. Other institutions would undoubtedly be affected by its collapse. The New York banks, he said. by associating as closely as they did had formed a mutually protective organization which had enabled them to tide over the difficult situation, and their strength had undoubtedly contributed to reassure financial institutions elsewhere. He did not think that the crisis in the West had passed, but said that if the banks would form associations to protect each other & great deal of the threatened danger would be averted. NEW YORK, July 26.-Almost a panic raged on the Stock Exchange yesterday afternoon. Stocks dropped away violently, and some of the lowest prices in years were recorded. The failure of the Marine & Fire Insurance Bank of Milwaukee started the heavy selling, and later on the failures of two large banks in Louisville added to the excitement. The Milwaukee Bank is the largest in Wisconsin, and the largest in the West. INDIANAPOLIS, Ind., July 25.-While the Indianapolis National Bank that failed yesterday was a United States depository a but $3,439,96 was tied up. "At our last payment we checked out nearly $200,000 P from the Indianapolis National," said PenS on Agent Ensley. MILWAUKEE, Wis., July 26.-The Wisconsin Fire and Marine Bank of Milwaukee, which suspended yesterday, has always been known as Mitchell's Bank, and was one of the half dozen famous private banks of the continent. It has succumbed to the paper of the Schlesinger Iron syndicate, of which it held $750,000. This paper is all secured by iron receipts, but these could not be used anywhere. LOUISVILLE, Ky., July 26.-Yesterday was a memorable day in the financial history of Louisville. At 10 o'clock a. m. the Merchants' National bank posted a notice of suspension and half an home 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 National, which closed its doors in the Board of Trade buildingat 10 o'clock. TOLEDO, o., July 26.-The Farmers' National Bank, of Findlay, has closed its doors. No statement has been given out as yet. No excitement prevails, and the other three banks in the city are prepa red for any run that may follow. A Shoe Factory to Shut Down.

13. July 29, 1893 Arizona Weekly Citizen Tucson, AZ
Article from Arizona Weekly Citizen, July 29, 1893

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most unfortunate. The emperor was chagrined that Bavaria should have discomfited Prussia, and let fall remarks that were repeated to Von KaltebornStachua, who was left small option but to resign. The emperor has ordered that no army maneuvers be held anywhere in Germany unless absolutely certain that the distr ct in which it is proposed to hold them will not be damaged. Comments in the papers here on the Franco-Siamese dispute are listless. and are only noteworthy for their declarations of friendly neutrality toward France. A duel has been fought in Geunewald between Professor Fromhold, nephew of Admiral Livonim, and Lieutenant Klein, one of the reserves. They quarreled about R lady Lieutenant Klein was wounded in the hand. Both duelists were arrested, but will probably escape with two days' imprisonment. The imperial budget, in which a large deticit was expected, shows a difference of 1,114,000 marks between receipts and expenditures. DENVER, July 25.-A meeting will be held here to devise means of taking care of the destitute, who number over 8000. INDIANAPOLIS, July 25.-The Baok of Commerce did not open its doors this morning. INDIANAPOLIS, July 25.-The Indianapolis National bank failed to open its doors this morning. The Indianapolis National was considered one of the strongest banks in the city, and was designated as the repository of the United States. The Bank of Commerce has not been one of large deposits, and the failure will not have much effect locally. Now, at 11 o'clock, a heavy ran is being made on the Indianapolis bank. MILWAUKEE, Wis., July 25.-The Wisconsin First Marine Insurance bank closed its doors this morning. The Milwaukee people had become imbued with the idea that this old bank was the Gibraltar of finance and could not credit reports that it bad closed. The city of Milwaukee has $1,600,000 in the bank and will probably have tempororily to suspend payment. The bank was the depository of the Chicago, Milwaukee & St. Paul road, and arrangements have been made for the payment of checks drawn on that bank by the Wisconsin National bank. BIG DEPOSITORS TO THE RESCUE. Runs were at once started on a number of other banks, but at each large depositors came to the bank's assistance and officers assured those interested they were perfectly safe. The general opinion is the worst is past. The Bank of Commerce, known as Mitchell's back, has fail A notice on the door says it is closed on account of the monetary stringency. The statement on the 1st places the resources at $8,946,344; liabilities due depositors, $7,870,504; due others, $500,000. SANDUSKY, Ohio, July 25.-The G. B. Hodgman Manufacturing company manufacturers of cooperage and bridge timbers and wholesale dealers in lumber, has gone into the hands of a receiver. It is understood the action was not on account of insolvency, but to protect the concern and secure an extension. The firm employs several hundred men. LOUISVILLE, Ky., July 25.-The Louisville Bank of Deposit has failed. The Fourth National bank has assigned. The Merchants National bank has suspended. ST. LOUIS, July 25.-Ripper & Bronson. iron merchants, assigned this morning. Liabilit $150,000; assets, probably same. CHICAGO, July 25.-Entering of confession of judgment in favor of the Continental National bank by Parkhurst & ilkinson, iron merchants, caused the firm to assign. Assets, $1,000,000; liabilities not stated.' CLEVELAND, Ohio, July 25 --A World's fair excursion train on the Baltimore & Ohio road was wrecked near Akron this morning. Three coaches were derailed by spreading of the rails, and thrown over an embankment. It is reported that many were seriously injured, but none killed outright. PARIS, July 25.-Yesterday's announcement that France had notified the powers of her intention to blockade the coast of Siam is premature. The notice has not yet been sent. A conference between the foreign office and British amoassador on the Siamese question will be held tomorrow. TOPEKA, Kas., July 25.-Eleven companies of militia have been put in readiness to start for the scene of the miners' troubles. The situation is critical. WEIR CITY, Kas., July 25.-Over 500 negroes have arrived and,are quartered in the stockade. All are armed and are being drilled. PORTLAND, July 25.-Vice President Stevenson and party arrived here this morning at Salem. The vice president was welcomed to Oregon by Governor Pennoyer, who in a speech called attention to the hard times prevalent in Oregon and attributed the business trouble to the financial policy of the government during the past two years. He declared that the simple repeal of the Sherman law would be a violation of the pledge of the democratic party to the people and called on the vice president to use his influence toward se uring the use both of gold and siver as stand and money of the country. In reply the president said he would endeavor to co-operate with those who have in view the best interests of the common people of the land. as LOUISVILLE, July 26.-There come withdrawing of funds from the banks this morning, mostly by small depositors, but nothing like a general run. It is balieved the trouble is over. THE ERIE IN A RECEIVER'S HAND. New YORK, July 26.-D. O. Mills said to be one of the largest holders of Erie seconds, says in regard to the road being put into the hands of a receiver

14. July 29, 1893 The Bessemer Indicator Pueblo, Bessemer, CO
Article from The Bessemer Indicator, July 29, 1893

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THE FINANCIAL SITUATION. On the 25th the Mitchell bank at Milwaukee closed its doors Its deposits amount to nearly $3,000,000, assets $9,000,000. At Indianapolis the Indianapolis National bank and the Bank of Commerce closed their loors. Joint liabilities $2,500,000. Three banks at Louisville, Kentucky, also falled on the 25th. They are the Merchants' National, the Fourth National and the Louisville Deposit bank. None of the failures are considered bad ones. Depositors in the two national banks will be paid in full, and the loss to stockhoMers will not be more than 60 per cent. In either case. The situation on the New York stock exchange on the 26th was critical and a panic was narrowly averted. The news that the Erle railroad had gone into the hands of a receiver was largely responsible for the break in stocks which felt from 1 to 4 points. H. I. Nicholas & Ea. brokers, assigned.

15. August 4, 1893 The Weekly Union Times Union, SC
Article from The Weekly Union Times, August 4, 1893

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NUMBER 31. SILVER REFUSED. So Much Already That it Can't be Handled. CHICAGO, ILL.-Notice was posted Monday in the United States sub-Treasto be received. ury the During effect that the silver day many would employes not of banks brought in sacks of the white metal to get currency in exchange, but they had to shoulder their loads and go ag in as came. more silver the lying they around uncounted There is behind rails of the sub Treasury than the force can handle. On every shelf and in piles on the floor, canvas sacks filled with dollars and other coins, are stacked up until there is hardly room to get about. "We are unable to handle the big amount of silver we have on hind," said one of the offi cials, "and until it CAN be all counted and cleaned up we will not receive any mo'e over the counter. For some time of here to brought past great quantities by banks silver be exchanged have has been befor currency. unt the amount come greater than we can handle, and we will have had to call a temporary halt. This is all there is to the mat er. EX TREASURER HUSTON'S ANK DOWN. CONNORSVILLE, IND The Citizens' Bank, owned by ex United States Treas urer Huston, failed to open its doors to of the market. gency Monday morning money owing The the liabili. strinties and assets have not yet been made known. The depositors will, it is said, be paid in full. HAD HELPED OTHERS COULD NOT SAVE ITSELF. TACOMA, WASH. -The Tacoma Na. tional one of the strongest the Northwest Bank, suspended Monday morning. in This bank has been assisting the other banks in the city for the past six months A LOUISVILLE BANK. LOUISVILLE, KY.-The Louisville City National Bank closed its doors at 1:10 Monday evening. SENATOR MITCHELL'S BANK FAILS. MILWAUKEE, Wis.-The Wiseonsin Fire and Marine Insurance Company Bank closed its doors Tuesday morning. This is Senator Mitchell's bank and had been considered the strongest bank in the city. A FARMERS' NATIONAL. TOLEDO, O.-The Farmers' National Bank of Findlay O. closed its doors the at DOPEL once for any run that may follow. A FLORIDA BANK. WASHINGTON, D. C.-Examiner McDonald has been directed to take charge of the failed First National Bank, of Or. lando, Florida. A LOUISVILLE BANK. LOUISVILLE, Kv.-The Merchants' National Bank has suspended payment. THE LOUISVILLE FAILURES LOUISVILLE, Ky.- The Fourth Nationai Bank threw up the sponge at 1:18 o'clock in the afterneon, after a hard A run during the from the country fight. drain morning, banks, Geo. caused Davis with the President after the "All the information we to doors. was seen suspension. just closing have of the give out at this time," he said, "is that no none will lose a mill by our suspension." Four national banks have thus far suspended since Saturday. The officers of National assert Depositors stockthe their Merchants' solvency. dollar. Bank and , holders received dollar for 10:30 o'clock it became to By Louisville evident the directors of the Deposit that th could not meet day's of 1 AS the general demands, Bank y condition the n financial affairs was such as to preclude of outside assistance. the hope be The closed, directors ordered the doors to and papers were prepared making an aseignment to the Germani Trust ComS pany. The D posit Bank was organized a y little over a year ago by Moses Schwartz, its with a paid up of It was started at a $300,000. president, bad capital the clear- time, refused admittance to y house. It, however, prosfor a while and its stock and ance per was seemed sold to above par. It might have pulled through but for the suspension of three national f banks. FAILURE FOR $1,200 000. INDIANAPOLIS, IND.- The Indianapolis Bank suspended payment TuesThe failure is day National morning. for have $1,200,000. For 8 me days rumors been that the bank was in rudiors had the effect current these though trouble of starting quiet, and a run on it, which, the bank's funds finally depleted quiet of Tuesday. and c made necessary the action f AN INDIANAPOLIS BANK FAILS. le INDIANAPOLIS, IND.-The Bank of of Commerce dil not open Tuesday morning. e it

16. August 10, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, August 10, 1893

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Banks Will Resume. LOUISVILLE, Ky., Aug. 9.-One of the four suspended national banks will resume sooner than was expected, but the others will not be far behind. The Fourth National will be the first. Its officers expect to open its doors next Monday, and the City and Merchants' will resume in a few days.

17. August 24, 1893 New-York Tribune New York, NY
Article from New-York Tribune, August 24, 1893

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NATIONAL BANKS RESUMING BUSINESS. Washington, Aug. 23.-The Fourth National Bank of Louisville, Ky., which suspended payment July 25, 1893, having complied with the conditions im-

18. August 24, 1893 The Sun New York, NY
Article from The Sun, August 24, 1893

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Banks Allowed to Reopen. WASHINGTON. Aug. 23.-The Fourth National Bank of Louisville. which suspended payment on July 25. having complied with the conditions imposed upon it by the Comptroller of the Currency. and its capital stock being unimpaired. was permitted to-day to reopen its doors for business. The American National Bank of Pueblo. Col., and the Waupaca County National Bank of Waupaca, Wis.. which suspended payment on July 5 and Aug. 2 respectively. were also authorized to reopen their doors.

19. August 26, 1893 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, August 26, 1893

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BANK RESUMPTIONS. LOUISVILLE, Ky., Aug. 25-The Fourth National bank, one of the five Louisville banks to suspend payment during the recent panic, resumes business tomorrow. The Louisville City National and the Merchants' National will also resume within a few days. CHICAGO, Aug. 25.-At a meeting of the stockholders of the National Bank of Kansas City, held here today, it was unanimously decided to resume business. A careful investigation showed the affairs of the bank to be in excellent condition. The bank will be reopened within twenty days.

20. August 26, 1893 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, August 26, 1893

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Banks Resuming at Louisville. LOUISVILLE, Aug. 26.-The Fourth National bank, one of the five Louisville banks to suspend during the recent panic, resumed business today. The Louisyille City National and the Merchants' National banks will also resume business within a few days.

21. August 27, 1893 The Times Richmond, VA
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Banks Resuming LOUISVILLE, KY., Aug .26.-The Fourth National Bank, one of the five Louisville banks to suspend payment during the recent panic resumed business to-day. The city National and the Merchants National will also resume within a few days. An informal meeting of the stock holders of the Kentucky National Bank will be held to discuss the matter of rebpening that (Institution.

22. August 27, 1893 The Roanoke Times Roanoke, VA
Article from The Roanoke Times, August 27, 1893

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Louisville Banks Resuming. LOUISVILLE, Ky., Aug. 26.-The Fourth National Bank, one of the five Louisville banks to suspend payment during the recent panic, resumed today. The City National and the Merchants' National will also resume within a few days. An informal meeting of the stockholders of the Kentucky National Bank will be held to discuss the matter of reopening that institution.

23. August 31, 1893 Union County Courier Elk Point, SD
Article from Union County Courier, August 31, 1893

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The production and surplus in each exporting country are given thus: Product in bu. Surplus. Russia 482,965,000 97,893,000 Hungary 141,870,000 45,400,000 Roumania 46,918,000 34,050,000 23,375,000 Turkey 5,875,000 31,977,000 Bulgaria 10,782,000 Servia 8,512,000 3,406,000 United States 397,250,000 69,518,000 Canada 43,980,000 9,931,000 India 274,385,000 42,562,000 Rest of Asia 65,262,000 7,093,000 Africa 36,716,000 3,688,000 Australia 39,725,000 19,295,000 Argentina 56,750,000 26,105,000 Chili, etc 19,862,000 6,526,000 Telegraphic Clicks. DURING July 120 deaths from yellow fever occurred in Havana. THE Fourth National Bank at Louisville has resumed business. COUP & Co., tanners, assigned at North Attleboro, Mass., owing $70,000. THE Columbian liberty bell has been shipped from Troy, N. Y., for Chicago. TRAINMEN on the Louisville & Nashville decide to strike against a cut in wages. THE St. Louis lumber firm of Stern & Mohiman has failed. The debts are $50,000. FOUR pontoons and & schooner were wrecked two miles north of Narraganeett, R. I. ILSLEY, DOUBLEDAY & Co., paints, failed at New York. Liabilities, $150,000; assets, $210,000. J. H. HANAN'S new steam yacht made 20% miles an hour on her trial cruise on Long Island Sound.

24. September 1, 1893 The Iola Register Iola, KS
Article from The Iola Register, September 1, 1893

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JOHN D. LEWIS has brought suit against McLennan county, Tex., for $10,000 damages, alleging that while serving a term on the county convict farm he was brutally beaten by guards and suffered serious injuries. THE Ben Wood and Etna mills and the Bellaire nail works, three of the biggest concerns in Wheeling, W. Va., announce that they will resume in a few days. They will employ about 2,000 men. IN Williams county, Ky., a posse of officers had a desperate fight with a band of burglars, whom they had surrounded in a house. One of the posse was injured and one of the burglars was killed. The house was found to be filled with stolen plunder. THE Fourth national bank, one of the five Louisville, Ky., banks to suspend payment during the recent panic, has resumed business.

25. September 3, 1893 The Times Richmond, VA
Article from The Times, September 3, 1893

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BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. WASHINGTON, D. C. Sept. 1.Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000; First National Bank, Palouse city, Wash., $75,000: Southern California National Bank, Los Angeles, Cal: $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal., $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo, Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Den ver $500,000; Hutchinson National Bank, Hutchinson, Kan., $100,000; People's National Bank, Denver, Col.,$600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank, Greeley, Col., $50,000; Farmer's National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky., $200,000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000: Waxabachee National Bank, Waxabachee, Tex., $100,000; Citizen's National Bank, Attica, Ind., $50,000; First National Bank, San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners with excellent prospects of early resumption, in addition to the 34 above named which have already resumed business.