6459. German National Bank (Louisville, KY)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
2062
Charter Number
2062
Start Date
January 18, 1897
Location
Louisville, Kentucky (38.254, -85.759)

Metadata

Model
gpt-5-mini
Short Digest
17dceab0a5238b2b

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1897-01-22
Date receivership terminated
1905-06-05
OCC cause of failure
Fraud
Share of assets assessed as good
37.0%
Share of assets assessed as doubtful
48.4%
Share of assets assessed as worthless
14.6%

Description

The German National Bank in Louisville was closed by the National Bank Examiner on Jan 18, 1897 and subsequently placed in the hands of a receiver (Comptroller appointed R. H. Courtney on Jan 22). No run is described; the suspension led to permanent closure and receivership. Subsequent articles report arrests and indictments of the president for falsifying accounts/embezzlement. Dates are taken from contemporaneous newspaper reports.

Events (6)

1. November 5, 1872 Chartered
Source
historical_nic
2. January 18, 1897 Suspension
Cause
Government Action
Cause Details
Closed by the National Bank Examiner/Comptroller after investigation; order came to close the bank immediately following examiner's report.
Newspaper Excerpt
The German National Bank ... did not open its doors for business this morning. and the announcement was made that the institution was in the hands of Bank Examiner James E. Scott.
Source
newspapers
3. January 21, 1897 Other
Newspaper Excerpt
Bank President Arrested. ... James M. McKnight, president of the suspended German national bank, for whom a warrant was issued on the charge of falsifying accounts, surrendered himself this afternoon.
Source
newspapers
4. January 22, 1897 Receivership
Source
historical_nic
5. January 22, 1897 Receivership
Newspaper Excerpt
Comptroller Eckels has appointed R. H. Courtney receiver of the German National bank at Louisville, Ky., which recently failed.
Source
newspapers
6. March 11, 1897 Other
Newspaper Excerpt
J. M. McKnight, president of the suspended German National Bank, was indicted by the grand jury ... on the charge of violating the national banking act (ninety-one counts).
Source
newspapers

Newspaper Articles (23)

Article from The Sun, January 19, 1897

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TWO KENTUCKY BANKS FAIL. The German National of Louisville and the First National of Newport. LOUISVILLE. Ky., Jan. 18.-The German National Bank, at First and Market streets. did not open its doors for business this morning. and the announcement was made that the institution was in the hands of Bank Examiner James E. Scott. The capital stock is $251,500. with a surplus of $31,000. J. M. McKnight is President. The bank has been in a shaky condition for three years, owing to the failure of the Louisville Deposit Bank, by which it lost $75,000. and there are also lawsuits involving between $250,000 and $300,000 pending. growing out of the bank's connection with the failure. Since the first of the year $75,000 in deposits have been withdrawn and several days ago Bank Examiner Escott began an investigation. On Saturday he telegraphed the result to the Comptroller of the Currency, and the order came for the bank to be closed at once. President McKnight says depositors will be paid in full. The bank has on hand, $60,000 in cash. The deposits subject to check are about $255,000. There are also certificates of deposit for $60,000. Mr. McKnight hopes to have the bank reorganized and ready for business in fifteen days. CINCINNATI. Jan. 18.-The First National Bank of Newport, Ky., closed its doors this morning. The news spread rapidly and soon there was a crowd of excited depositors assembled in front of the bank clamoring for an explanation. The officers sent out word that the bank was solvent, but had been forced to close down for lack of ready money. Assurances were offered that no one would lose anything. The depositors, however. refused to be satisfied. The excitement grew still greater when it became known that Comptroller of the Currency Eckels and a National Bank Examiner of Washington were to be in Newport to-day. A late and rather startling development is that Mr. John Trapp, ex-Sheriff of the county. who was elected President of the bank a week ago to succed Dr. Gunkel. who precipitately resigned. refused to accept the office unless the bank's affairs were thoroughly investigated. It seems that C. W. Nagel, who was elected to succeed Yontsey as cashier. had made sufficient investigation himself to warrant him in warning his friend Trapp that all was not as it should be. Therefore the bank had been without a President for nearly a week. Every bank in Covington, which adjoins Newport, had to meet a run to-day as best it could on short notice. Citizens rushed to their places of deposit by the hundreds as soon as they heard the news that the First National had not opened its doors in the morning and drew their savings. Many heavy depositors were among these. The Third National Bank was the New York correspondent of the Germania National Bank of Louisville. The Germania Bank owes it $13,000. and the loan is fully protected by collateral. The First National Bank was the New York correspondent of the First National of Newport. At the New York bank it was said that the Newport bank had a small balance there.


Article from Morning Appeal, January 19, 1897

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Three Banks Fail Newport, Ky., Jan 18.-The First National Bank failed to open this morning to the surprise of the business men. A run is anticipated on other banks. Louisville, Ky., Jan 18.-The Ger man National Bank was closed today by the National Bank Examiner. The capital is $270,000. St. Paul, Jan 18.-The Minnesota State Savings Bank closed this mornidg.


Article from Wheeling Register, January 19, 1897

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and Quit to save ME Ky., January Louisville, this 18.-Na- morntional Bank Examiner Scott the doors of the German'NaJ. M. McNight, president. tional ing closed Bank, institution The capital stock of the is with a surplus of $31,000. The is an old one, but for some time $251,500, bank unsafe. past has been regarded as The last statement issued by the bank, December 17. 1896, made a very bad showing. The figures showed that the 25 per cent. rule had been violated by about 8 per cent. Under the head of resources it was given out that the bank had $113,025.29 in securities, stocks, etc. This was very unsatisfactory as the "etcetera" was not considered definite enough and since the statement was issued the withdrawals been steady. of the bank, for years identified with Night, have prominently President the has bank- been Mcing and involved in a number business operations. of outside financial In a signed statement President McNight says that depositors will be paid the in full and it is probable that stockholders will reorganize the institution. Newport, Ky. January 18.-The New- failure of the First National Bank of was to open doors this morning to the business of port great surprise statement men given the a city. While a was the officers that no one would of there were all the lose out by anything, Fortunately sorts rumors flying about. of the officers is no of wrong doing integrity suggestion such has of that weak- found credence. The first evidence was the refusal of the officers to ness on Saturday afternoon $5,000 board. to the treasurer pay of the Bellevue school which it had but recently deposited he and which he had been advised made ought to get out. This was not public till to-day. Cashier T. B. Youtsey has been 1875. with bank since its organization in $200.stock of the bank is viceThe the capital Trapp; 000. Its president is John president Joseph Wright. President in who was elected last week retired Trapp place of Dr. Henry Gunkel, who of advanced years, is a res- the of Ky., and is one ident on account Dayton, county. of wealthiest men in the O., January the exis created in Cincinnati the eitement CINCINNATI. Most 18.-No by of Ky., bank failure. the here claim to have known been in a straightened banks bank Newport, has President condition that some time. It is said that who was elected is sick at home in seen. John last for week. Trapp. consequence president be of the failure. and cannot and, Cashier Youtsey is also indisposed. in fact. none of the officer3 can be seen. of Mr. Trapp is said to have a deposit $15,000 in the bank, to hold $11,000 of stock. to to be endorser for Cashier Youtsey and the amount of $60,000. Congressman Berry bealso has a large interest in the banw. in ing interested with Cashier Youtsey a land company. It is charged that causes heavy loans to Youtsey are among the of the failure. ST. PAUL. Minn., January -The its Minnesota State Savings Bank closed of doors this morning and filed a deed assignment. naming William Bickel as that assignee. An affidavit was filed stating would amount to about $250,000. the liabilities are in bank $230,000. The officers of the cirhood the while assets of the neighbor> the this step the best under The to protect the caused cumstances deemed recent flurry depositors. affairs in banking extent withdrawals of deposits to such an sixty that although the bank required the raise days' notice. it was unable to enough ready money to meet demands. BOSTON, January s.-The Boston stock and grain exchange. with officers in nearly closall th eprincipal New England cities. will ed up business to-day. The creditors suffer. it is said. not Poor business rersulting from the finan- given cial depression of the past year business. is A the cause of cessation of as in the market last week is said to have is rise precipitated the action. The exchange its capMassachusetts corporation. with business a ital all paid in. and has been doing of the several years. The members simply for announce that the libilities are of and tha tby prompt been further indebtedness settled. firm operations normal suspension be has avoided and all the claims can has been of the stockholders A meeting the first Monday in February, called when the for affairs of the corporation will be definitely WATERLOO. settled. Ind.. January 18.-H. al- N. the Garrett banker and arrestwho has been leged CoMmberry. embezzler, grand twice jury during the past week on central inde and who has been the of dictments, in the financial complications of gfiure county. died early this morning this failure. There were five indictments heart against him. which caused his arrest last he Saturday. and late Saturday evening released on $7,000 bond. was COLUMBUS O., January 18.-The Co- the lumbus Cabinet Co. has gone into hands of Charles R. Wheeler ,as receiver. $30,000: assets said to be $90,000. due. but Liabilities, money is wanted to pay claims NEW YORK, January 18.-The failure on Louis Nellson has been announced The of Consolidated Stock Exchange. the is considered unimportant and and is suspension attributed to being short of Sugar St. Paul. CINCINNATI, O., January 18.-T.J. McNamara. Sr., doing business as the Phoe- to Carriage Works, assigned to-day $40,000; nix Robert Ramsey. The assets are liabilities the same. IDALO SENATORSHIP.


Article from The Houston Daily Post, January 19, 1897

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TODAY'S FEATURES. Cuba. Spanish steamer sunk by a torpedo. Cubans in need of foreign aid. Weyler amplifies his edict. making the war of starvation more extensive. Decision on the Three Friends case. Recruits in Texas on their way to Cuba. Foreign. A son born to the Countess of Castellane. Death of Louis Contencin, chevaker of the Itelian crown. Ivery's trial begun. Decided that Peru must pay the McCord claim of $200,000 at once. Plague in Bombay growing worse. British parkament opens today. 4 Domestic Senate passed a bill for a deep water survey between Houston and Galveston. Meanagua canal bill taken up. House passed bills regulating patents and forbiddung sale of liquor to Indians. Report of the deep water commission transmitted to congress by the president. National Bank of Kentucky at Newport and German National bank at Louisville closed. Minnesota Savings bank suspended. Altgeld nominated for the senate in IIIInois by the democrats; republican caucus fails to agree. John "P. Jones returned to the senate from Nevada. Split over Hill in New York. Starte officers inaugurated. Sport. Puglist Sheedy killed and robbed. Field trials at West Point, Miss. Tommy Dixon and Joe Young fought twenty rounds to a draw. State. Speaker Dashiell announces the house committees. Senaltor Colquitt introduces a bill to define the duties of the railroad commission. Resolution in the house to ask members to contribute not less than $1 each for the Buckner Orphans' Home. Resolution in the house in behalf of Cuba. Bill for the establishment of a colored university introduced. The senate and house meet in joint session and canvass the vote for governor and Heutenant governor. C. L. Caspary, hardware merchant of Tyler. assigns, The Scollard delinquent tax case decided in favor of the city of Dallas. Waco business men to give Hon. W. J. Bryan a welcome reception. H. Masterson's residence at Brazoria destroyed by fire. A Fort Worth negro gets two years for stealing chickens. M. W. Martin, a Katy conductor. jailed at Denison, charged with leading a young girl into a mock marriage with him. Danny Grace. the seventeenth victim of the Buckner Home holocaust, dies, and three others are dying. S. W. Bean, allas J. W. Wood. given two years at Fort Worth for bigamy. A 9-year-old child at Galveston criminally assaulted. The Pierce brothers shot to death at Cuero. Railroads. The case of Moody & Co. vis. the Galveston Wharf company was resumed by the Texas railway commission Traffic men will meet in St. Louis. Southern passenger committee makes a one-fare rate for the inaugural ceremonies at Washington. The time card for the fast International and Great Northern train is being "strung" at Palestine. The Illinois Central reduces its territory for homeseekers' tickets. The case of the Gulf, Colorado and Santa Fe vs. W. H. Ellis, on an appeal from Texas. was decided in Washington yester. day in the former's favor. The Markets. Cotton fultures lower in all markets; Houston spots decline 1/80. Local produce markets-Egge higher; chickens scarce and in demand. Wheat declined 5-8c from Saturday's figures, closing at 801/sc. Texas cattle in good demand. Heavy trading in stock market. Close weak at fractional declines. Gains made in Texas railroad bonds. Local. Regular meeting of the city council. Election of the Pastors' association. Meeting of the real estate men. Hon. W. J. Bryan will arrive tonight. The Lee memorial service tonight at the Auditorium I. O. O. F. installations. The barbers decide to do no more Sunday shaving. Right of Way Grant. Washington, January 8.-Representative


Article from Democratic Northwest and Henry County News, January 21, 1897

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Colonel J. C. Spooner was elected to the United States senate from Wisconsin. Letters bearing the postage stamp of the Republic of Cuba have been delivered in New York. There is objection to the general arbitration treaty because it would infringe upon the Monroe doctrine. The Coxey reformers Issued an address to the people from St. Louis signed by Coxey and his son-in-law, Carl Browne. Captain General Weyler is in a very bad humor since he realizes he is about to lose his job, and refuses to see any one. General Roloff, secretary of war of the Republic of Cuba, has been arrested in New York, but the charge is kept secret. The City National bank of Streator, Ills., has notified its depositors to come and get their money, as it is going out of business. Friday. Two crooked bank officials were acquitted at Denver. The Merchants' National bank of Ocala, Fla., suspended. The house committee on Pacific railroads decided to reopen the question. A bill is pending before the Kansas legIslature to exclude wildcat corporations. Five persons were injured at Pittsburg because a gripman lost control of his car. A Lexow committee has been appointed to investigate the St. Louis police department. The plague has depopulated Bombay. Vultures are devouring the bodies of the dead. John D. Rockefeller, the multi-millionaire, was re-elected superintendent of the Sunday school of the Euclid Avenue Baptist church. Saturday. Martin B. Madden withdrew from the IIIInois senatorial race. Senator Chandler still Insists that armor plate costs too much. Miss Katherine Clemmons, actress, is soon to wed Howard Gould. The strike of stevedores at Green Bay, Wis., has been settled. A special from Budapest says Princess de Chimay is tired of her Gypsy lover and he of her. The Clyde line steamer Delaware, seized by the dispatch boat Dolphin off Mayport, was released. Major Prince, who is looking after the Cuban interests in Kansas City, took an overdose of chloral. Adjutant General Moses of Colorado has , wired a Columbus (0.) firm ordering 500 uniforms for recruits who are on guard at the Leadville mines. Buckner's Orphans' home burned at Dallas, Tex., and five inmates perished. Nine fishermen were driven out of Green Bay on a cake of ice into Lake Michigan. Ben Li, a tea merchant of Portsmouth, O., has been notified by the highbinders that he is to be killed. A boy named Glaydon, while Aworking in a cornfield, was fatally shot by an unknown assassin near Dupont, Patrick Donahue married a girl in Philadelphia whom he had betrayed and murdered her 20 hours later. The election of Hugh John McDonald of Winnepeg to the Dominion house of commons has been declared void because he hired vehicles to take voters to the polls. Monday. The Grand Opera House in Winnipeg was burned. Three children were asphyxiated in a tenement in Boston. Whole districts in India are without food and the people are starving. Over 22,000 people were engaged as bread winners in the United States in 1890. German millers have offered $250 for a method of destroying the meal moth. Rev. T. DeWitt Talmage urges the approval of the general arbitration treaty. A negro who beat and robbed George P. Beauvais at Whitecastle, Ia., was lynched. Judge J. F. McDonald of Fort Scott, Kan., was arrested on the charge of embezzlement. The First National bank of Newport, Ky., and the German National bank of Louisville failed. A new kind of Roentgen ray has been discovered in Vienna, which distinguishes death from catalepsy. Carl B. Christensen, who says he is a professor in Waterloo (Ia.) college, was arrested for stealing books from the public library in Boston. While the pope hoped to have the papacy recognized as a permanent arbitration tribunal for all nations, he is pleased with the treaty between the United States and England.


Article from The Portland Daily Press, January 22, 1897

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Bank President Arrested. Louisville, Ky., January 21.-James M. MoKnight, president of the suspended German national bank, for whom a warrant was issued on the charge of falsifying accounts, surrendered himself this afternoon.


Article from Las Vegas Daily Optic, January 22, 1897

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A Bank Receiver. WASHINGTON, D. C., January 22.Comptroller Eckels has appointed R H. Courtney, receiver of the German National bank at Louisuille, Ky., which recently failed.


Article from El Paso Daily Herald, January 22, 1897

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Receiver Appointed. WASHINGTON, D. C., Jan. 22.Comptroller Eckels has appointed R. H. Courtney, receiver of the German National bank of Louisville, Ky., which recently failed.


Article from The Columbia Herald, January 22, 1897

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THE RECORD OF PROSPERITY, As Told in the Headlines of City Dailies. The following short paragraphs, clipped from the headlines of large city dailies, tell in a nutshell the inroad "prosperity" is making upon the commercial world: National Bank Failure.-Merchants' National Bank, of Ocala, Fla., with a capital of $1,000,000, has suspended. Receiver appointed for the Bell City (Wis.) Railway Company. Mount Vernon Car Manufacturing Co., of Springfield, Ill., fails.-Liabilities $186,000. Receiver appointed for the Wheeling, Lake Erie and Pittsburg Coal Co., in Ohio.-Liabilities $1,000,000. Wheeling & Lake Erie Railway Co., also goes into a receiver's hands, with an indebtedness of $320,000. Chicago Elevated Road in a receiver's hands.-Forecloses the mortgage protecting $15,000,000 of bonds. The German National Bank of Louisville closed by Bank Examiner.-Deposits, $205,000. First National Bank, of Newport, Ky., fails.


Article from The Salt Lake Herald, January 23, 1897

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Eckels Names a Receiver. Louisville, Ky., Jan. 22.-Comptroller Eckels has appointed Robert H. Courtney receiver for the suspended German National bank. Mr. Eckels says that a part of the deposits appearing on the bank books are fictitious. The comptroller has declined to forward President McKnight papers for a reorganization and says the arrested bank officers shall have nothing more to do with national banks. Mr. Eckels also says that McKnight had been elected president against his warning.


Article from The Bryan Daily Eagle, January 23, 1897

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Courtney Misde Receiver, WASHINGTON, Jan. 22.-The comptroller has appointed Robert A. Courtney receiver of the German National Bank at Lonisville, Ky.


Article from The Wichita Daily Eagle, January 23, 1897

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him if he could not be depended upon to do the right thing. This little reference to Mr. Sherman as a possible postmaster end general caused quite a titter at his the of the room. The discussion among members of the committee developed of that there is yet a wide difference opinion on the subject of the cable. CLOTHING TRUST. Chicago, Jan. 22-A special to the Tribune from New York says: "After years of quiet but persistent the effort the clothing manufacturers of have finally organized a com country to be known as the National Cloth- are iers bine, association. The officers elected as follows: President, Samuel Rosenthal, of Hock- Baltifirst vice president, Alfred more; of New York; second vice treas- presistader, Adolph Nathan, of Chicago; dent, Jacob S. Schuer, of Cincinnati. urer, board of directors includes Abra- M. The J. Kalb, Rochester; Marcus Syham New York; William S. Peck, WilMarks, Robert H. Wickes, Utah; H. liam racuse; Cushing, Boston, and Louis Kahn, Chicago. The firms pledged to the scheme have an actual output of $350,000,000. avowed purposes of the combine excesThe do away with long credits, of orare to rating and the cancellation where sive and to promote harmony competition ders. has heretofore prevailed. it is to the organizers, to to According purely as a board of trade, SO serve for the clothing industry. speak, assert with vehemence that and They are not to be tampered with, at libprices each manufacturer will be busierty, that as heretofore, to conduct his ness as he pleases. SUGAR TRUST. O.. Jan. 22.-The legal began battle Toledo, the Woolson Spice company Judge over common pleas court here today, session Morris in presiding. The morning original consumed in reading the for a petition was of the Arbuckles asking the receiver for the Woolson company, answer of the latter and the demurrer. to The afternoon session was devoted arguments on the general demurrer. Over sixty witnesses will be called. Manager Greene, of the Western Union, has been ordered to produce certain telegrams that passed between the Woolson He people and the refining company. informed the court that he not show all of them but Judge Morris said he would pass on that question at the proper time. The case will probably occupy several days. STEEL BILLET POOL. Pittsburg, Pa., Jan. 22.-A meeting of the steel billet pool has been called for Friday, January 29, in this city. At this meeting it will be decided whether 15 will be advisable to continue or abandon the organization. Unless unlooked-for contingencies arise, it is believed that its continued existence is unlikely. The situation is not favorable for high prices. Billets are offered this week at $15.25, with few buyers. AMERICAN TOBACCO. New York, Jan. 22.-Justice Lawrence in the criminal branch of the supreme court today handed down an opinion denying the demurrer to the indictments found some months ago for conspiracy, against the officers of the American Tobacco company. The case was argued a few weeks ago. DAY'S NEWS OF FAILURES. Des Moines, Ia., Jan. 22.-No more failures are likely to occur here. The banks received more than a million dollars from outside sources this morning, and are still standing together. Each bank has from $100,000 to $300,000 piled up on the counters. All agree to refuse to pay time deposits without sixty days notice under the law. The savings banks are taking advantage of the state law allow- deing them to refuse to pay savings on posit except on sixty days notice. Kansas City, Mo., Jan. 22.-The Campbell-Eaton Crockery company, one of the largest concerns in Kansas City, failed in today, the store and fixtures being possession of the Citizens National bank under a chattel mortgage for $12,000. The assets amount to $37,000; liabilities estimated at $22,000. Chicago, Jan. 22.-Judgment for $84,000 in favor of the World's Columbian Ex- in position company was entered-today Judge Burke's court against the Ferris for Wheel company. The judgment is the world's fair company's receipts during the exposition. Cincinnati, O., Jan. 22.-Thomas B. Youtzey, cashier of the First National bank, has made an assignment. This is taken in consequence of attachstep ments having been issued by creditors. Washington, Jan. 22.-Thec omptroller of the currency has appointed Robert Na- A. Courtney receiver for the German tional bank at Louisville, Ky. LLOYD'S BARRED IN OHIO. Columbus, O., Jan. 22.-Bulletin.-Hon. M. Matthews, state superintendent in- of W. insurance, today barred the Lloyd's surance companies from doing business in Ohio. TO CURE A COLD IN ONE DAY Take Laxative Bromo Quinine Tablets. All druggists refund the money if it fails to cure. 25c.


Article from Courier Democrat, January 28, 1897

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NEWS IN BRIEF. Overflow From the Wires in a Condensed Form. Ex-Congressman Edward L. Martin died at his home in Seaford, Del., of heart disease. A London Daily Mail dispatch from Madrid says that in the province or Seville bread riots have occurred. It is officially announced that the deaths from the bubonic plague at Bombay for the week number 470. The Western Association of Paper Box Manufacturers adjourned to their annual meeting in Chicago next June. Mr. Aldrich has introduced a bill in the Delaware state senate abolishing the whipping post and pillory in Delaware. Committees in aid of the Indian famine have been instituted by the governors of St. Petersburg, Moscow and Odessa. The controller of the currency has appointed Robert A. Courtney receiver of the German National Bank of Louisville, Ky. An appreciable reduction of the production of cotton cloths and other goods made by Fall River, Mass., mills has been agreed upon. The postoffice department has issued a lottery order against the Southern Mutual Investment company at Cincinnati and Louisville. The senate passed a bill extending the time for building a railroad through the Omaha and Winnebago Indian reservation in Nebraska. Mrs. Wilberforce Williams, wife of Paymaster Williams, United States navy, and mother of Mrs. Walter S. Hobart, is dead at San Francisco. The Campbell-Eaton Crockery company, one of the largest concerns in Kansas City. failed. The assets are $37,000; liabilities estimated at $22,000. Charles Meyer, the man arrested for running a still near Grand Forks, N. D., says he made the whisky for his own use and he did not know it was against the law. Patrick McCann was convicted of manslaughter in the second degree at Marinette, Wis., for shooting Dennis Flannigan last August. The defense moved for a new trial. Knowing that her aged father had taken poison with suicidal intent, Nellie Curran of Oakland, Cal., 23 years of age, went to bed without calling a physician. The coroner will investigate. The London Times correspondent at Georgetown, British Guiana, says: Venezuela has paid an indemnity of $7,500 for the Uruan outrage. I am unable to say whether this sum represents the total indemnity. The president has sent to the senate in response to a resolution a report of the secretary of state transmitti ag a list of the claims filed in the department of state by the citizens of the United States against Spain for indemnity. Silas Crouch, an old and well-to-do farmer of Osco, Ill., has hanged TO himself. It is supposed that unfortunate speculation on the board of trade is responsible. He was 55 years old and leaves a widow, six sons and two daughters. Lewis Olsen of Webster City, Iowa, some time ago commenced a translation of the Bible and has over 1,300 sheets of paper closely written. He began to show signs of insanity and was taken to the asylum at Independence a raving maniac. Bud Creek, sentenced in Arkansas in 1895 to three years' imprisonment for selling liquor to Indians, and R. H. Freeman, convicted in Tennessee for failing to erase marks on spirit labels, have been pardoned by the president, but six or eight other pardons have been denied.


Article from Middlebury Register, January 29, 1897

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2% on ducking Quantico, Virginia, edition. The death is reported from London of air Isaac Pitman, inventor of a system of northand now widely used. Two cases of bubonic plague are re Ported from Kamaran, an island off the rest coast of Arabia on the Red sea. Liliuokalani, the deposed queen of Haraii, otherwise Mrs. Lydia Dominis, ar Aved in Washington, D. C., on Saturday rom Boston. A negro held in Enfield, North Caro jail for shooting a man, set fire to he building on Friday night, destroying imself and the jail. A number of villages in Greece have een destroyed by an earthquake, and it feared that a number of persons have killed or injured. It is announced that Professor Haff line of Bombay has proved the efficacy attenuated plague virus as an antidote or the bubonic plague. By the earthquake on the island of Tishm, in the Persian gulf on January thousands of houses were destroyed and 2500 persons were killed. John Dacey, aged 20, and Benjamin Dryman, aged 24, rival lovers, fought duel near Cynthiana, Kentucky, the ther day, and both were killed. Advices reached Sin Francisco or Saturday of a terrible panic in a temple Kwong Tow, China, in which 300 women and children perished. United States Senator George of Mis assippi is critically ill at the Garfield hospital, in Washington, and his family ave been summoned to his bedside. Claims filed in the department of state American citizens against Spain. aris out of the insurrection in Cuba, num 83, and aggregate nearly $10,000,000 James M. McKnight, president of the suspended German national bank of ouisville, Ky., was arrested Friday charged with falsifying the accounts of he bank. The United State senate has passed the ill for the erection of a new custon ouse building in New York on the site the present building, at a cost not ex eeding $5,000,000. The Russell Milling company, having mill with a daily capacity of 3000 bar at West Superior, Wis., and smalle


Article from Owingsville Outlook, February 11, 1897

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JOHN CONNORS, a fireman on the Louisville & Nashville railroad, was fatally injured by being struck across the head by an iron bar as he was crossing a bridge north of Hopkins ville. AT Corinth, W. C. Warning and Miss Lena Luke were married on board a Cincinnati Southern train. THE court of appeals held that tele graph companies were liable for mis takes in transmitting messages. ALREADY the papers are beginning to manifest some solicitude about the fruit crop. It will be interesting to know that an expert thinks the croj is safe up to date. THE recent cold weather has caused much suffering in the Kentucky moun tains. In Leslle county two children have frozen to death. The mails were suspended and privation resulted from the inability of merchants to obtain supplies. RUMOR has it that at least two state institutions have asked the governor to mention them in his proelamation ealling the extra session that they car ask for additional appropriations. IN a case appealed from Kentor county, the court of appeals, reversing the lower court, holds that a city' lien on real estate for street improve ments has priority over a bank's mort gage. DEPUTY SHERIFFS Harry Judge and Ernest Johnson, of Fulton county shot and killed Charlie Williams a Cayce, thinking he was Dave Browder a murderer whom they were seeking to capture. The deputies are under arrest. DANIEL TARBART, a Richmond farm er, had his headalmost split open while driving an iron wedge in a log with at ax. The ax caught in a clothes line and lodged on his head, cutting his skull open. H. PRICER McDANIEL, a cadet, i missing from the Kentucky state col lege. J. WALL'S general store at Grace was burned. Loss. $10 000; insured. J M. Mo KNIGHT, president of the suspended German national bank, o Louisville, on the request of the direc tors, has resigned. COMMITTEES have been appointed t each congressional district to arrang for a big crowd of Kentuckians at Mc Kinley's inauguration. THE following pensions to Kentucky people were granted the other day Original-Henry F. Monroe, Falmouth Pendleton. Restoration and Additiona -Hugh F. Beard, deceased, Mounds Crittenden. Increase-Reuben Clark Prestonburg, Floyd. Original Widows Etc. Rachel Garrison, Augusta, Brack en; special, January 27, Rena Street (mother), Lexington; Hester Thomp son, Columbus, Hickman; Cordella E Beard, Mounds, Crittenden; Sophi Perkins, Logana, Jessamine. MRS. DORA BERKLEY, aged 60, die suddenly at the home of her husband Lexington, at an early hour the othe morning. She was the wife of John Berkley, the well known retired mer chant. THE farm of the late Mrs. Josephin Spalding, near Lebanon, was sold b Mr. R. B. Lancaster, executor. Th farm contains 120 acres and brough $105. 10 per acre, Mr. L. M. Estes be ing the purchaser. ANGINGS in Hopkins county have few and far between. The las anging was more than a quarte itury ago. ULTURAL Commissioner Moore th day closed a contract with La in & Sons, for $600 worth o ga ten seeds to be distributed by hi department. lie says that he has save $250 on seeds this year, and thinks h will be a second Sterling Morton be fore his term of office expires. A NINE-YEAR-OLD-BOY-who is no yet rid of baby teeth-was receive at the Frankfort penitentiary a fev days ago, from Boyd county. He wa sent for one year for breaking a show window and stealing a half dollar. few days later Gov. Bradley pardone him. THE Jones Lumber Co.'s saw mill located two miles north of Williams burg, burned the other evening. Loss $20,000; partly insured. Origin of th fire unknown. THE time for holding the next meet ing of the Kentucky Educational asso ciation has been decided upon. Th meeting will be held in Bowling Green on June 29 and 30 and July 1. Th local committee is already preparing for the event and has appointed number of sub-committees. ROBERT MORTON, colored, was kille by a mob near Rockfield, Warre county, not far from Bowling Green for sending an insulting note to young white woman of Rockfield. ALBERT C. JUREY and Mary Potte eloped from Bowling Green to Jeffer sonville, Ind., and were married. WHILE attempting to cash a check he had forged on John Caldwell, wealthy citizen, for $100, William Har rison, alias James White, was arreste at Maysville. Gov. BRADLEY was a palibearer a the funeral of the wife of ex-Postmas ter Saffell, Frankfort. AT Paducah Hon. Joseph T. Wilson formerly of St. Louis, died of blood poisoning, aged 45 years. He was i the Missouri senate for many years. THE ice gorge in Dix river broke and demolished several shanty-boats. AT Maysville, Col. Robert L. Bald win, once revenue collector unde Cleveland. is dead. ELKTON can justly lay claim to on of the oldest masonic lodges in Ken The charter. Vesne


Article from The Houston Daily Post, February 17, 1897

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THE SOUTHERN STATES. NEW ORLEANS-A. G. Weatherford, formerly of Memphis but now of Nicaragua. PADUCAH, Ky.-Sheriff Holland returned from Rangeland, where he went in search of Robert McGill, who shot his wife Tuesday. McGill escaped. Mrs. McGill is not yet dead. LOUISVILLE, Ky.-The overturning of a lamp at the home of John Myer, resulted in the fatal burning of Mrs. Myer and a 2-year-old child. Myer was severely burned while trying to extinguish the flames. MACON, Ga.-Judge Felton decided to postpone the hearing of the petition to remove A. T. Holt, local receiver of the Southern Building and Loan association of Knoxville, until the United States circuit court has decided whether the receivership shall be made permanent. LOUISVILLE, Ky.-An affidavit was made before the United States officers charging Banker McKnight and F. A. Britt, member of the city council, with defrauding the German National out of $2000. McKnight and Britt were arrested and gave bond. PARKERSBURG, W. Va.-Dr. John Wymouth has received intelligence from Liverpool of the death of his oldest brother, Captain William E. Wymouth, commander of the British cruiser Smyrna, at sea, January 14. Captain Wymouth was an old Confederate naval officer and served under Admiral Semmes on the famous privateer, the Alabama. He was on the vessel when she was sunk by the Kearsarge, but escaped. was arrested on the arrival of the steamship Suldal from Bluefields, in response to a telegram from the Nicaraguan authorities. Weatherford is charged with having murdered Charles Brown on February 10. The prisoner will be taken back to the scene of his crime for trial. Weatherford claims that Brown was killed on account of his connection with Mrs. Weatherford, and he believed, as all honorable men believed, that he had the right to kill the despoiler of his home.


Article from The Wheeling Daily Intelligencer, February 20, 1897

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Bank Officers to be Arrested. LOUISVILLE, Ky., Feb. 19.-The greatest secrecy Is maintained by Bank Examiner Escott and Receiver Courtney regarding the affairs of the German National Bank. but warrants are expected to be issued for other officials of the bank. President McKnight is still in custody. being unable to furnight the $12,000 bond, The connection between Courtney and the Indicted alderman is expected to result in further and more sensational Indictments against other city officials.


Article from The Evening Herald, February 20, 1897

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Lonisville's Corrupt Bankers. Louisville, Feb. 20.-The greatest secrecy is maintained by Bank Examiner Escott and Receiver Courtney regarding the affairs of the German National bank, but warrants are expected to be issued for other officials of the bank. President McKnight is still in custody, being unable to furnish the $12,000 bond. In a statement given to the press Mr. McKnight claims that before his connection with the bank it had been looted to the extent of $273,000, or $22,000 more than the entire capital stock of the bank. He says it was the most corruptly managed bank he ever saw. The connection between McKnight and the indicted aldermen is expected to result in further and more sensational indictments.


Article from The Saint Paul Globe, February 20, 1897

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MORE INDICTMENTS. City Officials Said to Be Connected With a Bank Failure. LOUISVILLE, Ky., Feb. 19.-The greatest secrecy is maintained by Bank Examiner Escott, and Receiver Courtney, regarding the affairs of the German National bank, but warrants are expected to be issued for other officials of the bank. President McKnight is still in custody, being unable to furnish a $12,000 bond. In a statement given to the press, Mr. McKnight claims that before his connection with the German National bank, it had been looted to the extent of $273,000, or $23,000 more than the entire capital stock of the bank. He says it was the most corruptly managed bank he ever saw. Examiner Escott was busy all morning going over the old record to discover the grounds for McKnight's charges. The connection between McKnight and the indicted aldermen is expected to result in further and more sensational indictments against other city officials. County Attorney Parsons has been instructed to employ three extra attorneys to help him prosecute the officials.


Article from Middlebury Register, February 26, 1897

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General News. Hog cholera is prevalent in Dutchess d Columbia counties, New York. George S. Dyer, town treasurer of Plyuth, Massachussetts, is said to be a faulter to the amount of over $10,000. Villiam Lampson, who died recently Leroy, N.Y., bequeathed his estate, ued at $1,000,000, to Yale university. \ bill making It a punishable offence wear a high hat at a theatrical permance has passed the Colorado assemby a vote of 42 to 15. Steinitz, the American chess player, : died at Dr. Morosoff's institute in scow, to which he was recently taken er losing his mental balance. The Kansas senate has adopted a resoion proposed by United States Sena-elect Harris in opposition to the glo-American arbitration treaty. The Missouri supreme court Saturday dered a decision the effect of which is open to women nearly all the elective inty and State offices in Missouri. The senatorial deadlock in South Daa was broken Thursday by the rection of James H. Kyle, by the votes the republicans and a few populists. Bishop Turner, of the African Methot church, has complained the orgia State railroad commission that railroads of the State do not furnish ing accommodations for negroes. ames McKnight. president of the susided German national bank of Louisle, Ky., is under arrest. charged with sappropriation of the bank's funds and h conspiring to misappropriate said 'sp' Inited States Senator Cannon and vernor Wells of Utah have suggested the legislature of that State the placof a statue of Brigham Young in statutary hall of the capitol at Washton. lessrs. Thorne and Sargeant. officials the Texas Pacific railroad, who pleadguilty at New Orleans to an indictnt charging them with violating the er-state commerce law. were fined each. 00 'he gunboat Wilmington. one of the ee built at Newport News for the y. made her preliminary trial on urday, and exceeded her contract ed of thirteen knots an hour by one I three-quarters knots. resident Cleveland has pardoned nk Porterfield of Nashville, Tenn., president of the First national bank. tenced in December, 1893, to ten rs in Kings county penitentiary and ts for embezzling the bank's funds. overnor Bushnell of Ohio has aninced that when Senator Sherman re ns to enter the cabinet of President Kinley he will appoint to succeed him n. Marcus A. Hanna, to serve until successor is chosen by the legislae. . freight wreck occurred on the nois Central road, near Kinmundy, - on Thursday. The engineer, fire11 and one brakeman were killed. ) cause of the wreck was the breakof the axle of the drivers on the ena he Wakefield Rattan Co. of Boston 1 Heywood Brothers & Co. of Gard, Massachusetts. are to be consolied under the name of the Heywood others & Wakefield company. The ital of the new company will be $6,'0 0 resident Cleveland will not make ninations to fill vacancies in the gov. ment service which may be caused by ignations occurring between now and 4th of March next, but will leave Sq by 01 uado places q Kinley. ix members of the Spicer familyv . Thomas Spicer, Mrs. Spicer, Mrs. lliam Waldron, Mrs. William Rouse 1 twin babies of the latter-were nd murdered in their house, near nona, North Dakota, on Thursday. is supposed they were killed by In'su


Article from Richmond Dispatch, March 12, 1897

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INDICTMENTS AT LOUISVILLE. Charges Against President of Broken Bank and Aldermen. LOUISVILLE, KY., March 11.-J. M. McKnight, president of the suspended German National Bank, was indicted by the grand jury at noon to-day, on the charge of violating the national banking act. The indictment embraces ninetyone counts, and includes nearly every offence embraced in the law. Indictments were also found against R. E. King, president of the Board of Aldermen, and Aldermen C. J. Jenne, J. E. Leatherman, R. O. Bemer, and F. A. Britt, who are charged with conspiring with President McKnight to misappropriate the funds of the bank.


Article from The Union Times, March 19, 1897

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Liverpool Cotton Market. Liverpool, Saturday - Middling 31-32. Futures-Closed firm. March... 3 58 s March and April 3 58 s April and May... 3 58 v May and June... 3 58@54 June and July... 3 58@54 July and August. 3 58@54 August and September.. 3 56 b September and October. 3 50@51 October and November. 3 46@41 November and December. 3 45 s December and January... 3 45 s January and February. # Indicted in Ninety-One Counts. J. M. McKnight, president of the suspended German National Bank, Louisville, Ky., has been indicted by the grand jury on the charge of violating the national banking act. The indictment will embrace ninety-one counts, and includes nearly every offense embraced in the law.


Article from The Fulton County News, November 20, 1902

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SUMMARY OF THE LATEST NEWS. Domestic. Receivers for the National Asphalt Company and the Asphalt Company of America filed in court at Trenton, N. J., reports stating that they have made progress in reducing expenses by consolidating the underlying companies. During a controversy over a board bill James Masterson fatally shot M. P. Brittingham, proprietor of the Hotel Bratt. in Manchester, O., and then killed himself. Brittingham was shot three times. It was reported in Philadelphia that the Reading. the Baltimore and Ohio, and other Eastern railroads will follow the example of the Pennsylvania and increase the salaries of employes. The Anthracite Strike Commission began the hearing of evidence in Scranton, Pa., President Mitchell reading a long satement and then taking the witness stand. Col. Edward Butler, the millionaire politician of St. Louis, was convicted of bribery in Columbia, Mo., and sentenced to three years in the penitentiary. In the American Federation of Labor Convention yesterday at New Orleans a number of resolutions bearing upon labor conditions were introduced. The Methodist General Missionary Conference. in session in Albany, N. Y., made appropriations for the various missions in China and Korea. The Central National Bank of Boston closed its doors as a result of impaired assets. The failure had no effect in financial circles. William Becker, who sent threatening letters to a number of wealthy men in New York. was arrested on the charge of blackmail. One hundred and ten Presbyteries have thus far voted for revision of the creed, none having voted the other way. Superintendent Pratt. of the Carlisle Indian School. submitted his report to Indian Commissioner Jones. The twenty-second annual convention of the American Federation of Labor opened in New Orleans, and President Gompers, in his annual address, warned the members of the dangers of the conflicting claims of jurisdiction made by different bodies. Four men were killed and 40 more or less inured by the explosion of a large boiler in a scrap puddle furnace at the American Iron and Steel Manufacturing plant at Lebanon, Pa. Frank C. Andrews, the convicted vicepresident of the wrecked City Savings Bank of Detroit, Mich., was taken to the Jackson State Prison to begin serving his 15 years sentence. Mrs. Tingley has appealed from the decision of the board of inquiry in New York to deport the Cuban children designed for the Buddhist home at California. J. W. McNight, former president of the defunct German National Bank of Louisville, Ky., was sentenced to six years in the penitentiary for embezzlement. The grand jury of Freehold, N. J., has not yet indicted Laura Biggar on account of any charge growing out of her alleged marriage to Millionaire Bennett. A young woman ,in whose possession was found a watch chain stolen from one of the murdered Boston women, is likely to prove an important witness in the case. The General Missionary Conference of the Methodist Episcopal Church at Albany, N. Y., decided not to admit the secretaries of conferences as members. The coroner's jury held Charles Cawle-- of Homestead. Pa., responsible for the murder of his mother and four brothers and sisters. Rev. James Hill, a Marylander by birth, and senior member of the Indiana Conference of the M. E. Church, died at the age of 83.