6462. Kentucky National Bank (Louisville, KY)

View Charter #1908 on SPMC

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
1908
Charter Number
1908
Start Date
July 22, 1893
Location
Louisville, Kentucky (38.254, -85.759)

Metadata

Model
gpt-5-mini
Short Digest
20d8906dbe9a5fac

Response Measures

Full suspension, Books examined

Description

Contemporary reports show a heavy run on the Kentucky National Bank leading to its suspension on July 22, 1893; the bank was later permitted to reopen (Controller authorized resumption Oct 2, 1893). Reports characterize the run as driven by depositor panic/irrational withdrawals rather than disclosed insolvency.

Events (5)
1. December 27, 1871 Chartered
Source
historical_nic
2. July 22, 1893 Run
Cause
Rumor Or Misinformation
Cause Details
Depositors made heavy withdrawals in a panic/without clear bank-specific cause; reports describe runs as ‘without cause’ and driven by general alarm over other bank failures.
Measures
Bank suspended payment (closed doors) after heavy withdrawals; statements published and later sought permission to reopen.
Newspaper Excerpt
The first failure of the present crisis was that of the Kentucky National bank on Saturday...There was a heavy run on the German-American and the Merchant's Exchange banks. The Kentucky National bank of Louisville, Ky., closed its doors this morning.
Source
newspapers
3. July 22, 1893 Suspension
Cause
Rumor Or Misinformation
Cause Details
Suspension followed depositor run and inability to realize on large amounts of paper despite assets exceeding liabilities; described as driven by panic/nervousness in city banking environment.
Newspaper Excerpt
LOUISVILLE, July 22-The Kentucky National bank suspended payment today.
Source
newspapers
4. October 2, 1893 Reopening
Newspaper Excerpt
The controller of the currency has authorized the Kentucky National Bank of Louisville, Ky., to resume business October 2 and ... these banks recently suspended.
Source
newspapers
5. June 2, 1894 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (24)
1. July 22, 1893 Asheville Daily Citizen Asheville, NC
Article from Asheville Daily Citizen, July 22, 1893

Click image to open full size in new tab

Article Text

BANK TROUBLES. The Southside Savings bank, Milwaukee, Wis., did not open its doors this morning, and there was a heavy run on the German-American and the Merchant's Exchange banks. The Milwaukee National bank also closed its doors. The Kentucky National bank of Louisville, Ky., closed its doors this morning. This bank's last statement showed $190,000 to the credit of the government. The State National bank of Vernon, Tex., has closed its doors. Every cent of money was paid out except one ten cent piece before the doors closed. The private banking house of J. and L. W. Galbraith, Lampasas, Tex., failed to open its doors yesterday. Liabilities, $60,000; assets, $120,000. The Citizen's bank of Jellico, Tenn., the only banking institution in that place failed to open for business yesterday. The First National bank of Anthony, Kas., closed its doors yesterday. Assets $154,000; liabilities $50,000. The Union bank of Greeley. Col., made an assignment yesterday.

2. July 22, 1893 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, July 22, 1893

Click image to open full size in new tab

Article Text

crushed and burned in a horrible manner and was dead when extricated. Among the failures reported to-day are the Citizens' Bank of Jellico, Tenn; the First National Bank of Anthony, Kon.; the Milwaukee National Bank and South Savings Bank of Milwaukee: the Union Bank of Greeley, Col ; the private banking house of J. and L. Galbraith at Lampasas, Tex.; the State National Bank of Knoxville, Tenn.; the Kentucky National Bank of Louisville; and the State National Bank of Vernon, T.x. There is a heavy run on the German American and Merchants' Exchange Banks of Milwankee. At Shooting Park on the outskirts of Milwaukee, Wis., two thousand five hundred turners from all parts of the United States c ngregated yesterday, and the twenty-sixth annual bundesturufest WAS inaugurated. A duel, that resulted fatally to both the participants, took place in the outskirts of Victoria. Mex., on Thursday between a young law student and a young business man. The quarrel was over a young woman. Weather permitting Edw. Hanlan and Jacob Gaudaur will row at Orillia, Ont., this afternoon for the championship and a stake of $2,000.

3. July 23, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, July 23, 1893

Click image to open full size in new tab

Article Text

KENTUCKY NATIONAL GONE UP. The Bank Was Weak, and Its Failure No Surprise in Louisville, LOUISVILLE, Ky., July 22.-The - Kentucky National Bank, with a capital of 31,000,000. has suspended payment. No statement yet. There is no excitement, and other banks are regarded all right. It is thought the bank will be able to resume business in a short time. It has been carrying an immenae amount of paper which, although gild-edge could not be realized on. The last statement of the bank, madelast week, is as follows:

4. July 23, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, July 23, 1893

Click image to open full size in new tab

Article Text

n Louisville Bank Suspends. LOUISVILLE, July 22-The Kentucky National bank suspended payment today. As the failure had been expected, there was no excitement. The assets largely ezcood the liabilities, and the bank will n sume shortly.

5. July 23, 1893 The Herald Los Angeles, CA
Article from The Herald, July 23, 1893

Click image to open full size in new tab

Article Text

BANK FAILURE AT LOUISVILLE. The Kentucky National, a Government Depository, Closes Its Deors. LOUISVILLE, Ky., July 22.-The Kentucky National bank, capital $1,000,000, has failed. It is thought the bank will be able to resume shortly. The bank is a government depository. In the statement published July 19th the government deposits were placed at $191,731; deposits of United States disbursing officers, $138,268; cash on hand, over $85,000; deposits subject to checks, $311,695; loans and discounte, $1,719,966. The failure was not expected. There was no excitement, and no one would have suspected that the bank was closed up but for the crowd of loafers on the sidewalks. The suspension had been expected, as the bank has a large amount of paper which, though giltedged, could not be realized on. President Fetter paid to an Associated Press

6. July 23, 1893 Wheeling Sunday Register Wheeling, WV
Article from Wheeling Sunday Register, July 23, 1893

Click image to open full size in new tab

Article Text

CONCERNING BUSINESS AND FINANCE. MILWAUKEE, WIS., July 22.-Runs which started on all the banks early in the day were still in progress this afternoon. The crowds at several of the banks had increased in consequence of the spread of the news that the South Side Savings Bank and Milwaukee National Bank had failed. The run on the Merchants Exchange Bank was probably the heaviest, but the crowd that was at the SecondWard Bank was nearly as large. The Merchants' Exchange Bank paid out money freely and its officers said they were contident they would be able to meet every demand. The air was full of rumors of failures and impending failures in mercantile circles, but up to noon no suspensions had occurred. President Trumpff, of the South Side Savings Bank, said depositors had been making large withdrawals during the past month, while collections had been impossible. The officials and directors decided they could do business no longer under the circumstances, and concluded that in the interests of the patrons and themselves it would be better to suspend without further delay. While they hope to be able to resume after the storm has blown over, they are not able to state anything definite. The closing of the Milwaukee National Bank was a surprise, even to some of the stockholders. J. M. Perees, who owns a block of the bank's stock, says there is no reason why the bank should have closed except that the officers were afraid to stand of run. A statement of a few days ago showed that the bank had assets in excess of liabilities amounting to between $500,000 and $600,000. People who were not posted could not believe the bank, which was one of the oldest in the city, had failed, and scores of people walked into the entrance, read the brief notice announcing the bank's suspension, and walked out again. KNOXVILLE, TENN., July 20.-The State National Bank closed this morning. The notice posted on the doors stating "The bank has closed for liquidation. Deposiand tor will be paid in full. Liabilities assets not known outside. MILWAUKEE, WIS., July 20.-Judge Noves, president of the Milwaukee National Bank. has given out the following statement for publication: This bank consider perfectly solvent. It has $300,000 assets above liabilities. In ordinary times it would pay all depositors in full within three months, leaving a surplus of two hundred cents on the dollar for distribution among the stockholders, The reason for closing to-day is the one that has been so much repeated in the last sixty days that the public know it without being told. The shrinkage and withdrawal of deposits and the inability of customers to meet their obligations to the bank led the directors to the conclusion that it is best for the interest of all concerned to close the doors at this time. Fortunately depositors in this bank are such that no one will be seriously injured bv delay in obtaining their money. A meeting of the stockholders will doubtless be called soon to vote on the question of a resumption of the business or of going into voluntary liquidation. The Controller of Currency has been notified of the situation." LOUISVILLE, Ky., July 22.-The Kentucky National bank, capital $1,000,000, has suspended payment. No statement. There is no excitement, and all others regarded as all right. MILWAUKEE, WIS., July 22.-The South Side Savings bank opened as usual this morning, but closed their doors at 10:30. The report of the bank, made on the first Wednesday of this month. is as follows: Assets, loans and discounts, $781,325.30; due from brokers on call loans, $65,000; over-drafts, $3,948; United States and other bonds on hand, $15,000; banking house and fixtures, $7,974.02; due from banks and bankers, $7,916.38; cash items, nickels and pennies, $735.21 checks on clearing house, $40,825.73; specie, $23,720; United States and other National bank notes, $162,520; total, $1,158,965.17. Liabilities, $100,000; undivided profits, $12,500; due depositor on demand, $286,012.46; due creditors on time, $785,452.71; due all others not included under above headings, $25,000; total, $1,158,965.17. RUSSELL, KAS., July 22.-The First National Bank of this place closed this morning and was taken possession by C. M. Sawyer, on order of the comptroller of currency. No statement is made. NEW YORK, July 22.-The weekly statement of the associated banks shows the following changes: Reserve, increase, $3,012,550; loans, decrease, $4,808,300; specie increase, $1,584,400: legal tenders, increase, $503,700; deposits, decrease, $3,697,800; circulation, increase, $129,000. The banks are now $1,256,550 below the requirements of the 25 per cent. rule.

7. July 24, 1893 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, July 24, 1893

Click image to open full size in new tab

Article Text

Bank Troubles Since January 1. 1 WASHINGTON, July 22.-Since Jan. nearly 200 national banks have closed their doors, against less than 50 during the same period last year. Of the failures this year five have been United States depositories, as follows: The First national bank of Little Rock, the Gate City national 1 ank of Atlanta, the People's national bank of Denver, the German national bank of Denver, the Kentucky national bank of Louisville. The latter bank which closed its doors today had by the last report received $330,000 of United States funds. The government, however, will not lose anything by these failures, as each national bank that is a government depository has to deposit United States bonds to the amount of government money it is allowed to carry. These bonds, in case of failure, are sold for the account the government and as United States bonds are at a premium in the financial market there is never any difficulty in realizing. Saturday's Bank Failures. LOUISVILLE, July 22. - -The Kentucky National Bank of this city closed its doors this morning. The capital stock is $1,000,000 paid up. This bank is a government depository, and its last statement showed $190,000 to the credit of the government. The loans and discounts outstanding amounted to $1,719,966 and the surplus was $108,500. KNOXVILLE, July 22.-The - State National bank closed this morning. The notice posted on the door says: "This bank has closed for liquidation. Depositors will be paid in full." Liabilities and assets are not known. MILWAUKEE, July 22.-The Milwaukee National bank and South Side Savings bank failed to open their doors this morning. Runs were made on all the leading banks in the city. Cleveland Counts Up. NEW YORK, July 25.-The - Bond Buyer today prints the following: "Just as we go to press we learn that President Cleveland has had made by one of the most

8. July 26, 1893 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, July 26, 1893

Click image to open full size in new tab

Article Text

The Flurry In Louisville. LOUISVILLE, July 26-A memorable day in the history of Louisville has just passed. The Merchants' National bank posted a 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 on by depositorsmostly small sums. They all stood the pressure except one-the Fourth National -which closed its doors in the board of trade building. 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 on Saturday. Then came the Louisville City National bank Monday, after the intervention of a Sunday holiday, and then the Merchants' bank, the Louisville Deposit and Fourth National.

9. July 26, 1893 The Sun New York, NY
Article from The Sun, July 26, 1893

Click image to open full size in new tab

Article Text

Other Bank Troubles. MEDFORD. Wis., July 25.-The Taylor County Bank. owned by Hartman and Matt. assigned yesterday for the benefit of creditors to F. L. Urquhart. The bank was the depository for county and city funds. Assets are given at sconded. $16,000. Herman Matt. the cashier. has abCONNORSVILLE, Ind., July 25.-The liabilities of the Citizens' Bank. which failed yesterday. are about $150,000. Mr. Huston's total assets will reach near $500.000. He holds more than enough collateral to liquidate the total indebtedness of the bank as soon as it can be realized upon. WASHINGTON, July 25.-Examiner Ford has been directed to assume charge of the failed Louisville City National Bank of Louisville, Examiner Escott of the failed Kentucky National Bank of Louisville, Examiner Young of the failed Indianapolis National Bank of Indianapolis. Examiner McDonald of the failed First National Bank of Orlanda. Fla., and Examiner Wilson of the failed Merchants' National Bank of Great Falls. Mon. The Comptroller of the Currency is advised that the Hutchinson National Bank of Hutchinson. Kan., which failed some time ago, is preparing to resume business. The First National Bank of Cisco. Tex., which suspended payment on the third instant. having complied with the conditions imposed by the Comptroller of the Currency. has been permitted to reopen its doors for business. The abstract of the condition of the national banks in Chicago. Ill., on July 12 last. shows the reserve to have been 30.6 per cent. The total lonns and discounts were $81,853,000: individual deposits. $66,000,000; surplus fund. $11,522,000, and gold and gold certificates. $12,500,000. The reserve for Detroit was 24.80, and for Minneapolis, 27.21 per cent.

10. July 26, 1893 Fort Worth Gazette Fort Worth, TX
Article from Fort Worth Gazette, July 26, 1893

Click image to open full size in new tab

Article Text

Louisvllle Banks. LOUISVILLE, Ky., July 25.-This will prove a memorable day in the financial history of Louisville. At 10 this morning the Merchants' National bank posted a notice of suspension, and a balf hour later the failure of the Louisville Deposit bank was announced. By this time half a dozen banks in the city were being run on by depositors, mostly small ones. They all withstood the pressure except one, the Fourth National, which closed its doors. Excitement ran high and every one of a half dozen banks was crowded with depositors in line waiting his 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 Monday and the Merchants' National. the Louisville Deposit, and the Fourth National today. The failure of the Merchants' National was caused by 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 no other bank would give it assistance, The suspension of the Fourth National was the result of a panic. For a week there has been a steady pulling out of deposits. This changed into a run after the suspension of the Kentucky National last Saturday. and even continued Monday and Tuesday and until all funds were exhausted today. None of the failures are considered bad ones. The depositors in the two national banks will be paid in full and the loss to stockholders will not be more than 60 per cent in either case. The Merchants' National bank was capitalized at $500,000 and J. H. Lindenberver was president. The Fourth National's capital is $1,000,000 and the surplus $35,000. Geo. Davis is president. The Louisville Deposit bank has a capital of $300,000 and a surplus of $16,128. Moses Schwarts is president.

11. July 27, 1893 The Free Press Poplarville, MS
Article from The Free Press, July 27, 1893

Click image to open full size in new tab

Article Text

The Kentucky National Bank of Louisville has suspended.

12. July 29, 1893 The Sun New York, NY
Article from The Sun, July 29, 1893

Click image to open full size in new tab

Article Text

Louisville Adopts New York's Clearing House Certificate Plan. LOUISVILLE. July 28.-The Louisville bankers, at a meeting of the Clearing House Association to-day. decided that the exigencies of the situation make it necessary to adopt the New York plan of issuing certificates. A committee will pass upon the collateral of banks needing help. and if found good will issue the checks. It is now certain that two of the five suspended baks-the Merchants' National and the City National-are in shape to resume in a few days. The Fourth National hopes to do the same, but the Kentucky National and Deposit banks will almost certainly go into liquidation.

13. July 29, 1893 Baxter Springs News Baxter Springs, KS
Article from Baxter Springs News, July 29, 1893

Click image to open full size in new tab

Article Text

THE SOUTH. STOCKHOLDERS of the Galveston & Western railway voted. to increase the capital stock to $2,000,000, and to build east to the Sabine river, north to Houston and west to San Antonioriver. A THIRD furnace of the Maryland Steel Co., at Sparrow's Point, Md., was banked. throwing all the furnaces which had been in operation out of blast. About 300 iaborers are out of work from the shutdown. THERE was no truth in the report that Virginia state guards had been killed in a battle with outlaws. TEXAS railroad passenger earnings for the quarter ended June 3 last show a slight increase over last year. THE report of Internal Revenue Insbertor Hart is that sugar planters will lose nearly $700,000 by the Rescue crevasse in Iberville parish, La. IN the United States court at Atlanta, Ga., the attorney for the Central Trust Co. filed a bill to foreclose a $14,500,000 mortgage on the Georgia Pacific railroad. This is a part of the reorganization scheme. THE Kentucky national bank at Louisville has assigned. THE State national bank, of Knoxville, Tenn., has assigned. THE City national bank of Louisville Ky., has closed its doors. TEXAS has suffered from rain. sand and wind storms. In McLennan county D. F. Nunnelly was killed by lightning. SAMUEL SPENCER and F. W. Huidekoper have been appointed receivers of the Georgia Central. TEN coach loads of negroes, numbering 500, many of them armed, have been started from Alabama for Pittsburg, Kan., to replace the striking miners there. REV. THOMAS FRANK GAILOR has been consecrated as assistant Episcopal bishop of Tennessee. THREE more bank failures occurred at Louisville, Ky., on the 25th. ONE cowboy and a number of cattle were killed by soldiers during a battle on the north fork of the Arkansas river. THE residence of E. E. Chase, formerly of St. Louis, at Fort Worth, Tex., was destroyed by fire. Loss, $115,000.

14. July 29, 1893 The Frankfort Roundabout Frankfort, KY
Article from The Frankfort Roundabout, July 29, 1893

Click image to open full size in new tab

Article Text

THE BANK CRISIS. Without Cause Depositors Make a Run on Louisville Banks and They Were Obliged to Suspend. The suspension of the Kentucky National, Louisville City National, Merchants National, Louisville Deposit and Fourth National Banks of Louisville, on Monday and Tuesday of this week, threatened for a while to shake confidence in all the banks of that city as well as other cities in the State. The statements of the condition of these banks, both before and after the suspension, showed there was no occasion at all for alarm among the depositors. They made a heavy run on the first mentioned bank, which, closing its doors. caused the run to be made on the other banks and a like necessity to suspend. No bank would want the deposits if it would be required to keep the entire amount constantly on hand to meet any emergency, and the mere suspension of payment of the banks in Louisville was not in the least the result of bad management or weak condition of the banks but simply an inability to realize on the bank's collateral. Fortunately the people realized this in time to restore confidence by Wednesday and to spare the rest of the banks the necessity to close their doors to the public. In this city the people demonstrated their confidence in their moneyed institutions and made no effort to disturb the regular channel of business by withdrawing their deposits or Tefusing to receive checks. State Treasurer Hale, as a safe-guard for the State's revenue. for which he is responsible on his bond, declined to accept any thing but currency in payment of the money due the State, but that had no effect in the business community. It could easily be perceived that the whole trouble had no foundation in fact, and that it only required a few days for the restoration of confidence and general resumption of trade when the people would look back at this week's crisis and wonder why they were alarmed without an adequate cause.

15. August 2, 1893 The Indiana State Sentinel Indianapolis, IN
Article from The Indiana State Sentinel, August 2, 1893

Click image to open full size in new tab

Article Text

THREE FAIL AT LOUISVILLE. Merchants' National, Louisville Deposit and Fourth National. LOUISVILLE, July 25.-This will prove a memorable day in the financial history of Louisville. At 10 o'clock this morning the Merchants' national bank posted a 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 national, which closed its doors in the Board of Trade building at 10 o'clock. At that hour the excitement was running high, and every one of a half dozen banks was crowded with depositors, who were in line awaiting 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 today The failure 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. There has been a steady 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 all the funds were exhausted today. None of the failures are considered bad ones. Depositors in the two national banks will be paid in full, and the loss to stockholders will not be more than 60 per cent. in either case. The Merchants' national bank is capitalized at $500,000, and J. H. Lindenberger is president. The Fourth national has a capital of $300,000, a surplus of $35,000. George Davis is president. The Louisville deposit bank has a capital of $300,000 and a surplus of $16,128. Moses Schwartz is president. The Deposit bank was not a member of the clearing house. It was organized just before the Baring failure, and naturally its career has been a stormy one. It determined to have business; went for it, and in a little while it secured a handsome deposit. Cashier Ohligschlager said to a Post reporter that the bank was abundantly able to meet its liabilities if it could realize on its assets, and he assures the depositors that they will lose nothing. The Banks Solvent. President Davis of the Fourth national 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." President Lindenberger of the Merchants' national said: "The bank is abundantly solvent, and there is no sort of doubt that the depositors will be paid in full. It is my judgment, from a calm view of the prospect as now presented. that the stockholders will receive the face value of their shares. Had the bank gone on without having to close the realization would have been greater, but even with the disadvantages under which we are now laboring I do not think they will lose anything." The Merchants' national bank of Louisville was organized as a national bank on July 5, 1874, succeeding the Merchants' bank of Kentucky, which had been operating under a charter from the state since Sept. 1, 1860. The Fourth national was organized in 1883. Shortly after the assignment of his bank. President Moses Schwartz filed an individual assignment in the county clerk's office to the same assignee, the Germania safety vault and trust company. All his personal assets are given over into the hands of the assignee. The Sweetwood distillery company also made an assignment by its president, Moses Schwartz, at 12:45 o'clock this afternoon, to the Germania safety vault and trust company. Mr. Schwartz could not say what the liabilities amounted to, and felt too bad to talk about the matter. Jake Schwartz, the liquor dealer, announced today that he had suspended. He owes $70,000, three-fourths of which he says is secured, and with time he claims he can pay off the rest and have something for himself. Lately he did business at Third and Main. He is a brother of Moses Schwartz, president of the assigned Louisville deposit bank. At 1:15 o'clock this afternoon a small run was caused on the German bank by an old colored woman, who had $50 deposited there. She did not have the certificate with her and demanded that she be given her money without identification. The noise she made attracted attention, and in a few moments a hundred people were about. The bank officials sent for Police Lieut. Jacobs and had a strong box, said to contain $300,000, brought over from the Louisville trust company. The money was spread out on the counter and the cashier announced that he was ready to pay off any and all

16. August 5, 1893 The Weekly Thibodaux Sentinel and Journal of the 8th Senatorial District Thibodaux, LA
Article from The Weekly Thibodaux Sentinel and Journal of the 8th Senatorial District, August 5, 1893

Click image to open full size in new tab

Article Text

moins dans tout l'Onest. Ainsi parmi les dernière faillites il faut citer : celle de la première banque nationale de la petite ville d'Anthony, Kansas, dont le passif ne s'élève, affirme-t-on, qu'à $50.000, celle de la Kentucky National Bank, de Louisville, qui cause une très grande consternation, et de la State National Bank, de Knoxville, Tennessee. La Kentucky National Bank, était une des plus importantes et passait pour une des plus solides de Louisville. Elle avait été fondée avec un capital d'un million de dollars. Mais ce n'est pas tout. Une véritable panique sévit à la Milwaukee National Bank et une importante caisse d'épargne, connue sous le nom de South Side Savings, ont suspendu leurs payements. Les portes de la plupart des autres banques et caisses d'épargne de la ville ont été assiégées pendant presque toute une journée par des gens affolés et désireux d'en retirer le plus tôt possible l'argent qu'ils y avaient en dépôt. La crise commerciale n'est pas moins grave. Le nombre des faillites commerciales dans tous les Etats-Unis s'est élevé, pendant la semaine, au chiffre extraordinaine de 467.

17. August 9, 1893 Barbour County Index Medicine Lodge, KS
Article from Barbour County Index, August 9, 1893

Click image to open full size in new tab

Article Text

POINTS FOR THE PEOPLE. -Sects and creeds cut no figure in the battle for human rights. One Father McGlynn is worth more to humanity's cause than a regiment of Henry Ward Beechers. -Which would you prefer to have, a clearing house certificate or a green back issued by the government? Yet the latter has been branded by the national bankers as fiat money-Tacoma Sun. -If silver has no claim as a money metal because it is a product of the earth, gold loses its claim on the same ground. All the people ask is that the two metals shall be treated alike by our government.-Journal of Agriculture. -England had rather rule this country financially and commercially, by manipulating our legislation, than to conquer it by the arts of war. It serves her purpose as well, and is more healthful and less expensive.-Journal of Agriculture. -The present panic was deliberately planned and executed to bluff congress into the demonetization of silver, the purpose being to enhance the value of the securities held by the panic makers, by making them payable in gold val ues.-Journal of Agriculture. -Franklin was without doubt the all round wisest man this continenti ever produced, and he declared at that early day in favor of paper money, pure legal tenders, after a trial of the principle in the colony of Pennsylvanie from 1722 to 1762-National Watch man. 'Whatever a government agrees to receive in payment of the public dues, as a medium of circulation, is money, no matter what its form may be; treasury notes, drafts, etc. Such bills or paper, issued under authority of the United States, are money. ."-Henry Clay in the Senate, 1887. -The populist cause is sure to triumph. There is a moral wave sweeping over the country and by that wave one or both of the old parties will be lashed to pieces. The new issues are coming to the front and they will never down till they are settled and settled right.-Alliance Independent -In 1892 the production of silver was 58,000,000 ounces, of which the government bought 54,129,727 ounces, putting into circulation therefor $47,394,291 in treasury notes. Free coinage of the American product would have put into circulation $19,595,609 more money, after deducting silver used in the arts. This is $88,974,927 less than the gold lost by export during the year. -When we get a postal note or P. O. money order we know to an absolute certainty that it is as good as the cash itself, but when .we get a bank draft we look to see what bank drew the draft and upon what bank it was drawn and then look at the list of fallures. The Nebraska people's party boys were right when they took the lead for government banks.-Missouri World. -Since January 1 nearly two hun dred national banks have closed their doors, against less than fifty during the same period last year. Of the fall. ures this year five have been United States depositories, as follows: The First national bank, of Little Rook, Ark.: the Gate City national bank, of Atlanta, Ga.; the People's national bank, of Denver, Col.: the German national bank, of Denver, Col., and the Kentucky national bank, of Louisville. -Chicago has a new illustrated weekly devoted to the free coinage of silver. Its energies had better be expended in explaining the money function and the uselessness and waste of all the labor in digging and dying for some yellow and white minerals. The same labor expended in creating food, clothing, shelter, instruction and amusement would happify untold millions. The people can create all the money they want and print it on paper that didn't have to be mined at such lbor.-Coming Nation. -The industrial millions demand justice. Through special privileges and class legislation they have been defrauded. Throughallowing politicians and interested newspapers to do their thinking, they have permitted themselves to be well nigh enslaved. Their hope now lies in independent thinking. and in political unity of action. The first thing to be done is to abolish all class legislation, and to demand the government ownership of natural "monopolies,' as well as an expansion of the volume of currency, which will tend to relieve congested business conditions, and enable the slaves of the gold barons at least to live after paying their interest.-B. O. Flower. d -Superintendent-"You want a job driving one of our street sprinklers, eh? Ever had any experience?" Applicant-"No, but-" 'But what?" "Everybody tells me I'm so blind I can't see a street crossing ten feet away and-" "That'll do. Come 'round in the morning and take out the biggest sprinkler we own." - Buffalo Courier -Five-year-old Frances had been spending an afternoon with a little friend. When she returned home she found another little friend there who hadcometovisither "Etheldoesn'tlove you," said Frances to the second little to one the calling girl, referring upon. 'Why the not?" she asked had been visitor, somewhat surprised. "Tause she doesn't know you,' explained

18. August 27, 1893 The Morning News Savannah, GA
Article from The Morning News, August 27, 1893

Click image to open full size in new tab

Article Text

A Louisville Bank Resumes. 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. THREE OTHERS TO FOLLOW. The City National and the Merchant 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 re-opening that institution.

19. September 27, 1893 Evening Star Washington, DC
Article from Evening Star, September 27, 1893

Click image to open full size in new tab

Article Text

Banks to Resume. The controller of the currency has authorized the Kentucky National Bank of Louisville, Ky., to resume business October 2 and the First National Bank of White Sulphur Springs, Mont., to resume October 15. These banks recently suspended.

20. September 30, 1893 Baxter Springs News Baxter Springs, KS
Article from Baxter Springs News, September 30, 1893

Click image to open full size in new tab

Article Text

messengers. THE SOUTH. THE Hecla Coal Mining Co., of Earlington, Hopkins county, Ky., made a general assignment for the benefit of creditors. REV. J. T. CHENOWITH, who was on trial before the West Virginia Methist Episcopal conference, now in session at Grafton, W. Va., was given permission to withdraw from the ministry and membership of the Methodist church. This ended the case. JOHN FALLS, aged 15 years. has been convicted at Bonham, Tex., of murdering his father and sentenced to the penitentiary for life. RICE planters of Louisiana complain of the scarcity of laborers in places where lynchings have occurred. Con. WILLIAM MALONE, editor of the Fort Worth, Tex., Gazette, is dead, aged 53. BUSINESS in north Louisiana is reported at a standstill owing to threats of the regulators to burn the gins. Con. H. CLAY KING, the slayer of David H. Poston, who is now serving a life sentence in the Tennessee penitentiary as a punishment for his crime, has issued an address to the public, in which he makes some sensational charges. He charges that his conviction was brought about by conspiracy. CAPT. W. L. NEALE. once state treasurer of Kentucky, died at Lexington, Ky. MEAGER reports have been received of a wreck on the Missouri, Kansas & Texas railway. near Hillsboro, Tex., in which nine men of a bridge gang were killed. THE large mercantile establishment of Wolf & Goldman at Newport, Ark., was destroyed by fire the other morning. THE stockholders of the suspended Kentucky national bank, of Louisville, have unanimously voted to resume Lusiness at an earlv date.

21. October 3, 1893 Evening Star Washington, DC
Article from Evening Star, October 3, 1893

Click image to open full size in new tab

Article Text

Banks Reopened. The following national banks, which recently suspended payment, having fully complied with the conditions imposed by the controller of the currency and their capital stock being unimpaired, have been permitted to reopen their doors for business: The Kentucky National Bank of Louisville, Ky.; the Farmers' National Bank of Findlay, Ohio; the Union National Bank of Rochester, Minn.

22. October 3, 1893 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, October 3, 1893

Click image to open full size in new tab

Article Text

Permission to Resume. WASHINGTON, Oct. 8.-The following national banks which recently suspended payment, have been permitted to reopen for business: The Kentucky National bank of Louisville, the Farmers' National bank of Findlay, O., and the Minn. Union National bank of Rochester,

23. October 3, 1893 The Sun New York, NY
Article from The Sun, October 3, 1893

Click image to open full size in new tab

Article Text

National Banks Reopen. WASHINGTON. Oct. 2.-The following national banks, which recently suspended payment. have been permitted to reopen for business: The Kentucky National Bank of Louisville, Ky.: the Farmers' National Bank of Findlay, O., and the Union National Bank of Rochester. Minn.

24. October 7, 1893 Chicago Eagle Chicago, IL
Article from Chicago Eagle, October 7, 1893

Click image to open full size in new tab

Article Text

National Banks to Reopen. The following national banks which recently suspended payment have been nermitted to reopen for business: The Kintucky National Bank of Louisville, Ky.; the Farmers' National Bank of Findiay, Ohio: and the Union National Bank of Rochester, Minn.