6838. Manhattan State Bank (Manhattan, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 9, 1890
Location
Manhattan, Kansas (39.184, -96.572)

Metadata

Model
gpt-5-mini
Short Digest
192a14d9

Response Measures

None

Description

Multiple articles report E.B. Purcell (proprietor) made an assignment and the bank 'closed its doors' in early April 1890. This is a suspension/assignment that appears permanent (failure/liabilities listed, temporary assignee named). No run is reported. I preserved the provided bank name though contemporary reports call it the Manhattan Bank; articles describe assignment/closure to a temporary assignee (John W. Webb).

Events (2)

1. April 9, 1890 Receivership
Newspaper Excerpt
made an assignment yesterday morning to John W. Webb, his cashier, as temporary assignee. The liabilities are $561,000, but the assets will not be known for several days.
Source
newspapers
2. April 9, 1890 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Assignment precipitated by British Land & Mortgage Co. advertising sale of collateral for $200,000 due April 1; stringency of times and difficulty in collections; insolvency/embarrassment of proprietor Purcell.
Newspaper Excerpt
E. B. Purcell, of this city, proprietor of the Manhattan Bank, made an assignment yesterday morning to John W. Webb, his cashier, as temporary assignee. ... The doors of the bank were closed.
Source
newspapers

Newspaper Articles (14)

Article from Sacramento Daily Record-Union, April 9, 1890

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the committee beyond any question declared vince Breckenridge's seat should be present that Mr. Breckenridge will claim be that vacant. inquiry, and his friends election. the at the investigation will demonstrate his Richard Proctor Insane. ST. JOSEPH (Mo.). April 8th the There strange is excitement here over son astronomer. actions much of Richard Proctor, the Proctor, only who of the late famous man of 21. about two months a deis young to act strangely and took and hurlago light began in wandering about at night of private resistones At through his own windows home he frequently would dences. chop furniture to pit ces believes and toss he the is the street. He estate debris wealthy into and owns all the real debts. very St. Joseph. He contracts large his mother in which are with difficulty paid by decided and to have him sisters, who are poor. It committed was to in society. this an insane afternoon lum. He has been prominent Comparative Veracity. accused NEW YORK, April 8th lawyer Chu Fong Seth and R. several Johnson another Chinese of instructing them thousands how to forge 01 notes, under were which fraudulently obtained. set Chu this dollars indicted for forgery and ChiFong in was defense. Johnson sued the of two one of up nese firms for $1,800 This the amount brought up the question Chu Fong's of comparative notes. veracity Chief between Justice Chinese and white men. decided of the city Court, to-day said the McAdam, favor of Johnson. and too much. Chinese the case in asked the Court to believe Heavy Failure in Kansas. CITY (Mo.), April 8th.- doors The Man- toKANSAS Bank of Kansas closed its appointed hattan and John W. Webb was in connecday temporary assignee. The bank. varied business, with other large and Purcell. Mr. tion has been conducted Director by in H. the B. Santa Fe RailPurcell and is a has had largely the management and otherroad, road's affairs politically was reof the the State of Kansas. He the State. garded wise in as the wealthiest failure is man a general in surand his The business extent of hisliabilities within has not the prise. scheduled, but at any time have been been month Mr. Purcell would dollars. rated last as worth several millions of Trains stopped the Wind. CHEYENNE, April 8th.- The continuously wind has subsided here after for blowing thirty-six hours. Pa- At for trains at o'clock high this speed morning 200 all the miles Union west of account Cheyenne were cific freight held at sidings on Burlington breeze. The east-bound night was of train the which left at 8 o'clock last abandoned at midnight. miles in northern Colorado, place, and For several hundreds of miles with east sand of to this the depth the track is covered inches to three feet. The yet. track of from will eight not be cleared for several hours Canadian Diplomasy. April 8th. The fisheries Government modus OTTAWA, decided to renew the 15th. An has which expired February will be invivendi, Act to carry out this intention This action is troduced at an early this particular day. juncture it taken because at its effect upon the negotia- will be is likely to have on at Washington, and amications going of Canada's desire for dispute, an and evidence settlement of the fisheries and bring ble Mr. Tupper's hands to both about strengthen a conclusion satisfactory countries. Murdered by a Crazy Man. MEDFORD (Wis.). here April as "Crazy 8th.- -Williams Kelly," Williard, known the residence of Miss Maggie of most to-day went to lady, a niece of one that prominent she When Pritchard, a young citizens, and asked if that responded shot was her name. pulled out a revolver revolver and at it was, he He then placed the brains. No her dead. and blew out his except reason that it was a crazy his own can head be given freak for the of Williard. tragedy, Killed His Father. LITTLE ROCK (Ark.) April about forty miles 9th.-Near from small town shot his Morrillton, here, a last night. J. father, D. Williams Isaac Willhis and instantly The latter killed attempted to which whip so iniams. daughter with a crutch, drew arecersed grown young Williams father. that he The bullet entered stantaneous volver and the head fired and at his death was almost inRaising the Fares. CHICAGO, April 8th. rates The from Michigan 2 to 3 roads will raise passenger violation of the Michlaw. States cents a mile in plain The railways claim Court that in known to igan the decision State of the as United the Granger Minnesota compel case, the case that a State a two-cent has no rate, right and they proper inthem tend to to fight make the matter in the Courts. Metropolitan Theater, DENVER The (Col.), which April 8th.-The has experienced Metropolitan Theater, luck since it was opened some very hard last Saturday put was into leased the of hands last fall. of was a receiver. ex-Senator To-day it Tabor, prothe prietor as Mays for a long term Tabor by Grand Opera manager House. until Mr. Tabor the return installed of Dick Colonel Peter McCouit from New Democracy York. Triumphant. CITY (Mo.) April 8th.-At swept the KANSAS to-day the Democrats candicity election Hulmes, the Democratic ward in the the city. for Mayor carried the every Republican and present 2,500. date city over incumbent. Davenport, by a majority of about the Feather- Weights Matched. 'Rourke, NEW York, April Dixon, 8th.- the colored the backer weight of George champion, has accepted fight to a offer feather- of the Pelican Wallace, Club for the a featherwith Nunc England. finish weight champion of Strike. Tailors Out on a 8th The YOUNGSTOWN (0) Union April of this city made a settlement Journeymen demand Tailors for an increase in not wages beto-day. A satisfactory are out on a strike. arrived at they Under. ing A Bank Goes Republican Fort DENVER (Col.), April Morgan 8th.- says the bank to-day at Fort special Morgan from The made liabilities an assignment are reported to for $40,000. the neighborhood of $20,000. be in is Pretty Good in Texas. EL PASO day Two (Tex.), April 8th. resulted The munic- in a ipal election here for the to Democrats. Only were elected. two sweeping Republicans victory on their ticket


Article from Abilene Weekly Reflector, April 10, 1890

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MANHATTAN BANK FAILURE. Serious Thing For the City-The Liabilities Put at $561,000. MANHATTAN, Kan., April 9.-E. B. Purcell, of this city, proprietor of the Manhattan Bank, made an assignment yesterday morning to John W. Webb, his cashier, as temporary assignee. The liabilities are $561,000, but the assets will not be known for several days. The assignment was precipitated by the action of the British Land & Mortgage Company, of this city, which yesterday advertised a public sale of collateral given by Mr. Purcell to secure his obligation to the company for $200,000 due April 1, and which he failed to pay. Stringency of the times and exceeding difficulty in making collections were the principal causes assigned for the failure. The Manhattan Bank was the oldest in the State west of Topeka and Mr. Purcell was the wealthiest man in the county and one of the wealthiest in the State and a leading business man of Manhattan. He was supposed to be absolutely safe, with unbounded credit. For several months there had been vague rumors that he was embarrassed, but the public would not believe it. The failure is the greatest disaster that ever befell this county because of Mr. Purcell's immense interests and long standing business connection. Every thing is quiet in the city, although the failure is the chief topic of conversation. There is no run on the other banks. There are a good many depositors, mostly in small amounts, and business men will not be seriously embarrassed. A suit was begun in the district court by E. B. Purcell suing the British Land & Mortgage Company of America (limited) for $100,000 damages, alleged to result from the public offer to sell the Purcell securities. Mr. Purcell secured from the court yesterday an order restraining the mortgage company from disposing of 5,200 shares of the mercantile company's stock deposited with it by Mr. Purcell as collateral.


Article from Spokane Falls Review, April 10, 1890

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THE BIG FAILURES. That of Sistare & Sons Continues to Be a Sensation. NEW YORK, April 8.-The defalcation and subsequent failure yesterday of Sistare & Sons, brokers, is still the sensation of Wall street. Henry S. Bennett, counsel for the assignee, says that no one can yet tell the amount of the defalcation, and that the deficit caused by Hilger would amount to $600,000. He added that additional evidences of Hilger's wrong doing were constantly being discovered. "The books," he said, "have been falsified. It will be impossible to tell what the shortage is until they have been thoroughly examined. Hilger made drafts on a New York house under the false pretense that they represented the busi ness conducted by him for the firm's Philadelphia customers." THE FRALEY FAILURE. Sr. LOUIS, April 8.-The reports which have gained circulation outside of this city that the Merchants' exchange had suspended all dealings in May and July wheat in consequence of the Fraley suspension, are unfounded. It is true, however, that an agreement was entered into by the creditors and others this morning that there should be no buying in those months, but no restriction was placed on selling. Subsequently, one of Fraley's creditors put thebrokers in the pit who purchased May wheat of Fraley, but there was no excitement. Fraley made no statement regarding his condition. THE MANHATTAN BANK FAILURE. MANHATTAN, Kan., April 8.-E. R. Purcell, proprietor of the Manhattan bank made an assignment this morning to his cashier, Joseph W. Webb, who closed the bank's doors. Webb says theliabilities are $561,000. The asset statement can not be given for several days, but they are said to be equal nominally to the liabilities. The assignment was precipitated by the action of the British Land & Mortgage Company of this city, which yesterday advertised for public sale the collateral given Purcell to secure his obligations to the company for $200,000, due April 1, which had not been paid. The stringency of the money market and the difficulty in making collections is given as the cause of the failure. The Manhattan bank is one of the oldest in the state, and Purcell has been credited with being among the strongest men financially in the city. THE BANK OF FORT MORGAN FAILS. DENVER, Colo., April'8.-A Republican special from Fort Morgan says: The Bank of Fort Morgan made an assignment to-day. The assets are $40,000, and the liabilities are reported to be in the neighborhood of $20,000. --- ORON


Article from St. Paul Daily Globe, April 12, 1890

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BANKRUPTED BY THE BULGE. Kansas City Brokers Forced to Suspend Payment. KANSAS CITY, Mo., April 11. - The bulge in wheat was responsible for the failure to-day of Myers & Co., grain commission men, with offices in the Midland hotel, Myers & Co, are regularly represented on the Chicago board of trade, where they were "short" on May wheat by orders of several of their correspondents in Kansas. When the market closed last night they were called upon for $39,000 additional margins. They in turn called upon their Kansas people for margins, but the Kansas people failed to respond and Myers & Co. were forced to the wall. They owe their creditors in this city about $20,000, and their total liabilities are about $55,000. They expect to adjust their affairs so as to be able to resume business Monday. TOPEKA, Kan., April 11.-E.B. Purcell, proprietor of the Manhattan bank, which failed on Tuesday, has filed a schedule of the liabilities, which foot up a total of $562,000. His heaviest creditors are the Fourth National bank of Philadelphia, $50,000; American Trust and Savings bank, Chicago, $30,000; American Exchange National bank, New York, $15,000; British Land Mortgage company, $20,000; Midland National bank, Kansas City, $15,000; J. W. Booth. & Sons. St. Louis, $10,000; Third National Bank of St. Louis, $80,000; Douglass County Bank of Lawrence, Kan., $20,000; A. G. Cattell, of Camden, N.J., $15,000; Ames Elevator, Milling and Merchandising company, $18,000; American Land and Cattle company, $27,000; E. B. Purcell Mortgage Loan and Trust company, $72,000. The other liabilities are in amounts less than $10,000. The chedule of assets is still incomplete.


Article from Baxter Springs News, April 12, 1890

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MANHATTAN BANK FAILURE. Serious Thing For the City-The Liabilities Put at $561,000. MANHATTAN, Kan., April 9.-E. B. Purcell, of this city, proprietor of the Manhattan Bank, made an assignment yesterday morning to John W. Webb, his cashier, as temporary assignee. The liabilities are $561,000, but the assets will not be known for several days. The assignment was precipitated by the action of the British Land & Mortgage Company, of this city, which yesterday advertised a public sale of collateral given by Mr. Purcell to secure his obligation to the company for $200,000 due April 1, and which he failed to pay. Stringency of the times and exceeding difficulty in making collections were the principal causes assigned for the failure. The Manhattan Bank was the oldest in the State west of Topeka and Mr. Purcell was the wealthiest man in the county and one of the wealthiest in the State and a leading business man of Manhattan. He was supposed to be absolutely safe, with unbounded credit. For several months there had been vague rumors that he was embarrassed, but the public would not believe it. The failure is the greatest disaster that ever befell this county because of Mr. Purcell's immense interests and long standing business connection. Every thing is quiet in the city, although the failure is the chief topic of conversation. There is no run on the other banks. There are a good many depositors, mostly in small amounts, and business men will not be seriously embarrassed. A suit was begun in the district court by E. B. Purcell suing the British Land & Mortgage Company of America (limited) for $100,000 damages, alleged to result from the public offer to sell the Purcell securities. Mr. Purcell secured from the court yesterday an order restraining the mortgage company from disposing of 5,200 shares of the mercantile company's stock deposited with it by Mr. Purcell as collateral.


Article from The Globe-Republican, April 16, 1890

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MANHATTAN BANK FAILURE. Serious Thing For the City-The Liabilities Put at $561,000. MANHATTAN, Kan., April 9.-E. B. Purcell, of this city, proprietor of the Manhattan Bank, made an assignment yesterday morning to John W. Webb, his cashier, as temporary assignee. The liabilities are $561,000, but the assets will not be known for several days. The assignment was precipitated by the action of the British Land & Mortgage Company, of this city, which yesterday advertised a public sale of collateral given by Mr. Purcell to secure his obligation to the company for $200,000 due April 1, and which he failed tc pay. Stringency of the times and exceeding difficulty in making collections were the principal causes assigned for the failure. The Manhattan Bank was the oldest in the State west of Topeka and Mr. 'urcell was the wealthiest man in the county and one of the wealthiest in the State and a leading business man of Manhattan. He was supposed to be absolutely safe, with unbounded credit. For several months there had been vague rumors that he was embarrassed, but the public would not believe it. The failure is the greatest disaster that ever befell this county because of Mr. Purcell's immense interests and long standing business connection. Every thing is quiet in the city, although the failure is the chief topic of conversation. There is no run on the other banks. There are a good many depositors, mostly in small amounts, and business men will not be seriously embarrassed. A suit was begun in the district court by E. B. Purcell suing the British Land & Mortgage Company of America (limited) for $100,000 damages, alleged to result from the public offer to sell the Purcell securities. Mr. Purcell secured from the court yesterday an order restraining the mortgage company from disposing of 5,200 shares of the mercantile company's stock deposited with it by Mr. Purcell as collateral.


Article from Mineral Point Tribune, April 17, 1890

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FIRES AND CASUAL/TIES. THE Manhattan Bank, of Manhattan, Kas., closed its doors Tuesday morning. Osirosh.-The Beckwith block occupied by several firms, was burned Wednesday. Loss, $30,000. Decatur, Ala.-Nearly all the United States Rolling Stock company's plant was destroyed by fire Wednesday night, entailing a loss of $200,000. THE village of Highland Park, III., was wrecked by a tornado last Tuesday night. The damage is $40,000. No lives were lost. LOUISVILLE, Ky.-Near West Point a derrick, which was being used in repairing a railroad trestle, broke. Four workmen were precipitated 125 feet into the gulch below and killed. Several other men were painfully hurt. LEXINGTON, Ky.- Eleven cottages tenanted by negroes and two fine stables on the race course burned Monday night. The thoroughbreds in the stables were gotten outsafely. Loss, $17,000. Belvidere. N. At Warren foundry. Phillipsburg. last Wednesday while men were running off the molten iron, an immense ladle was upset and the contents fell on the damp ground, causing a terrific explosion. Men were thrown in every direction. and three were frightfully burned. ROANOKE. Va.-A tornado passed over this section of the state Wednesday evening. In this city the east house of the Crozier Iron works was demolished. three laborers killed and one fatally hurt. Nearly 100 buildings in course of construction were totally demolished and a Salem furnace Was blown down and one man slightly hurt. The loss here will be over $100,000.


Article from The Iola Register, April 18, 1890

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MANHATTAN BANK FAILURE. Serious Thing For the City-The Liabilities Put at $561,000. MANHATTAN, Kan., April 9.-E. B. Purcell, of this city, proprietor of the Manhattan Bank, made an assignment yesterday morning to John W. Webb, his cashier, as temporary assignee. The liabilities are $561,000, but the assets will not be known for several days. The assignment was precipitated by the action of the British Land & Mortgage Company, of this city, which yesterday advertised a public sale of collateral given by Mr. Purcell to secure his obligation to the company for $200,000 due April 1, and which he failed to pay. Stringency of the times and exceeding difficulty in making collections were the principal causes assigned for the failure. The Manhattan Bank was the oldest in the State west of Topeka and Mr. Purcell was the wealthiest man in the county and one of the wealthiest in the State and a leading business man of Manhattan. He was supposed to be absolutely safe, with unbounded credit. For several months there had been vague rumors that he was embarrassed. but the public would not believe it. The failure is the greatest disaster that ever befell this county because of Mr. Purcell's immense interests and long standing business connection. Every thing is quiet in the city, although the failure is the chief topic of conversation. There is no run on the other banks. There are a good many depositors, mostly in small amounts, and business men will not be seriously embarrassed. A suit was begun in the district court by E. B. Purcell suing the British Land & Mortgage Company of America (limited) for $100,000 damages, alleged to result from the public offer to sell the Purcell securities. Mr. Purcell secured from the court yesterday an order restraining the mortgage company from disposing of 5,200 shares of the mercantile company's stock deposited with it by Mr. Purcell as collateral.


Article from Fisherman & Farmer, April 18, 1890

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LATER NEWS. GEORGE K. SISTARE'S SONS, Stock Exchange brokers in New York city, announced their suspension because of a de(alcation amounting to about $300,000 on the part of Douglass Hilger, managing partner in charge of the Philadelphia branch of the Srm. REFEREE MEEKS went to the Tombs in New York city to serve the thirty days for which he was sentenced for his participation n the Sheriff Flack divorce proceedings. BETWEEN 5000and 6000 Chicago carpenters struck for eight hours a day and forty cents an hour. Building operations were practically stopped. CONFEDERATE DECORATION DAY attracted thousands of visitors to the Southern cemeteries. ELECTIONS for municipal officers were held In all the cities and towns of Ohio. A light vote was polled in nearly every city. MOSES FRALEY, the greatest grain speculator in St. Louis, has failed. His losses in St. Louis and Chicago are over $500,000. AT Harlan Court House, in Kentucky, the Spurlocks, Days and others involved in the Howard-Turner feud, held a conference and agreed to lay aside their quarrel. They agreed that in case of any further assassinations both sides should turn out and bring the murderer to punishment. IN consequence of the inundation of machinery at the city waterworks a water famine was prevalent at Dallas, Texas. There was no water to sprinkle the streets or to run electric street lights, and for several nights the city was in darkness. IT has been definitely announced in Washington that James S. Clarkson, First Assistant Postmaster-General, would retire from his place on June 1. THE House Committee on Pensions ordered a favorable report on the Brookshire bill, granting a pension to Mrs. Delia T. S. Parnell, daughter of the late Admiral Charles Stewart and mother of Charles Stewart Parnell. The original bill, which provided for a pension of $100 her month, was amended SO as to reduce the pension to $50. SIX persons were drowned at Kleinlunfenburg, on the Rhine, Germany, through the capsizing of a boat. PRINCE BISMARCK has been granted a pension of $6750. He has disposed of the diamonds in his St. Andrew's cross and his Russian decorations to a jeweler for $50,000. EMPEROR MENELEK, of Abyssinia, has written a letter to Prime Minister Crispi authorizing Italy to represent him at the Brussels Anti-Slavery Congress, and affirming the intention of Ethiopia to follow the example of civilized Christian nations and to repress the slave trade. FREDERICK KIMBALL, teller of the People's Savings Bank of Worcester, Mass., has absconded with about $40,000 of the bank's funds. ORESTES CLEVELAND was re-elected Mayor of Jersey City, N. J., for the sixth time a greatly reduced majority. THIRTY cases of trichinosis have been reported to the health authorities in Aurora, III. Six of the cases reported resulted from the eating of bologna sausage. E. B. PURCELL, proprietor of the Manhattan (Kan.) Bank, has made an assignment. The doors of the bank were closed. The liabilities are $561,000. NINETEEN prisoners have escaped from the jail at Spokane Falls, Washington. The jailer was bound and gagged by four of the prisoners. ALL the successful candidates at the Edger ton (Kan.) election-The Mayor, Police Judge and five "Councilmen"-are women THE House Committee on Elections has appointed a sub-committee, consisting of Messrs. Lacey, Cooper, Bergen, Outhwaite, and Wilson, of Missouri, to visit Arkansas immediately and collect testimony relative to the contested election case of Clayton against Breckinridge, and the alleged assassination of Clayton. THE Secretary of the Navy issued an advertisement for proposals for the construction of three naval vessels-an armored cruiser, a protected cruiser and a naval academy practice ship. REPRESENTATIVE W. H. H. COWLES, of North Carolina, received a telegram in Washington announcing that his young son had been killed at a North Carolina college, by the accidental discharge of a pistol. The news was communicated to the father by Senators Ransom and Vance and he was al, most overcome. PRESIDENT and Mrs. Harrison gave their third State dinner at the White House in Washington, and the Justices of the Supreme Court were the guests of honor. It was the largest dinner of the series. Covers were laid


Article from The Abbeville Press and Banner, April 23, 1890

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South and West. WILL HICKS and Robert McCoy, both colored, were hanged at Homerville, Ga.. for the murder of William Hughes and wife, an aged white couple, on November 6 last. THE arrest of the murderers of the railroad station agent at Poseyville, Ind., led to revelations that a gang of murderers contemplated the destruction of the town by fire and the murder of several of its inhabitants. THE house of Wilhelm Brown, near Huron, South Dakota, was burned, and his three children perished in the flames. ONE of the worst storms that ever visited Dallas, Texas, ragad in that neighborhood. All the water courses were over their banks, and many bridges were swept away. The crops were badly damaged. A LIVELY contest occurred among the stockholders of the World's Fair in Chicago over the election of directors. A WHIRLWIND struck Monmouth, Ill., sweeping over the principal portion of the city. Part of the Chicago, Burlington and Quincy round-house was blown down. Several buildings were damaged and their roofs blown away. PROFESSOR CYRUS, Principal of the schools in Huntingdon, W Va., was about to punish a boy named Ernest Welsh for misbehavior, when Welsh drew a knife and stabbed Cyrus in six places in the arms, chest and back. A HUNDRED Northern born citizens met at the Chamber of Commerce in Atlanta, Ga., and took preliminary steps toward the organization of a Northern society. GOVERNMENT boats have been busily engaged in taking the people and stock from the overflowed districts of the Mississippi. Another break was reported in the levee near Greenville. This time it was at Catfish Point, and the water added greatly to that already in the Yazoo Delta. Railroad travel was much impeded. THE Sioux held their last council. on the old reservation in South Dakota. GEORGE E. NOONAN and wife, of Chicago, III., have died from the effects of poison, placed in their food by a demented servant girl. EAGLE HORSE, a crazy Indian, shot and killed at Rushville, Neb., Frank E. Lewis, a Government school teacher, and then committed suicide. THREE colored thieves were killed in Birmingham, Ala, for resisting arrest and fatally shooting an officer. THE town marshal of Irondale, Ala., was shot by three colored thieves whom he tried to arrest; the colored men were-killed by his deputy. BETWEEN 5000 and 6000 Chicago carpenters struck for eight hours a day and forty cents an hour. Building operations were-practically stopped. CONFEDERATE DECORATION DAY attracted thousands. of visitors to the Southern-cemeteries. ELECTIONS for municipal officers were held in all the citiesand towns of Ohio. A light vote was-polled.in nearly every city: MOSES FRALEY, the greatest grain: speculator in St. Louis, has failed. His losses in St. Louis and Chicago are over $500,000. AT Harlan Court House, in Kentucky, the Spurlocks, Days and others involved in the Howard-Turner feud, held a conference and agreed to lay aside- their quarrel. They agreed that in case of any further assassinations both sides should turn out and bring the murderer to punishment. IN consequence-of the inundation of machinery at the city waterworks a water famine was prevalent at Dallas, Texas. There was no water to sprinkle the streets or to run electric street lights, and for several nights the city was in darkness. THIRTY cases of trichinosis have been reported to the health authorities in Aurora, 111. Six of the cases reported resulted from the eating of bologna sausage, E. B. PURCELL, proprietor of the Manhattan (Kan.) Bank, has made an assignment. The doors of the bank were closed. The liabilities are $561,000. NINETEEN prisoners have escaped from the jail at Spokane Falls, Washington. The jailer was bound and gagged by four of the prisoners. ALL the successful candidates at the Edgerton (Kan.) election-The Mayor, Police Judge and five "Councilmen"-are women. Washington. THE President has approved the act to amend the act providing for taking the eleventh and subsequent censuses. THE House Judiciary Committee appointed a sub-committee to investigate alleged corrupt acts of Federal Court officers in the South. THE House Judiciary Committee has voted to report an amendment to the Constitution providing for the election of United States Senators directly by the people. THE House Committee on Naval Affairs the Mc-


Article from Gloucester County Democrat, January 1, 1891

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IN THE FINANCIAL WORLD. JANUARY. 12. Bank of South Dakota at Madison assigned; assets, $130,000; liabilities not stated; as a result the La Belle Ranch Horse Importing company assigned; liabilities, $00,000; assets, $150,000. 16. L. II. Stone, San Francisco harness dealer, as signed; liabilities, $204,000; assets small. 28. John B. Lalande, cotton factor, assigned in New Orleans: liabilities, $364,000: assets, $544,000. 30. The First National bank, the Lenox Hill bank, and the Equitable bank, all in New York, closed by order of the United States bank examiner; George H. Pell, a broker, and P. J. Claassen, president of the Sixth National, arrested. MARCH. 7. Monroe Eckstein and Leopold Wertheimer, New York brewers, assigned; liabilities, $600,000. Beiloe freres, bankers, San Francisco, failed; liabilities large. 19. John F. Plummer & Co., one of the largest dry goods commission firms in the business, assigned in New York: liabilities, $1,000,000; assets about the same. APRIL. 8. Manhattan bank, of Manhattan, Kan., failed; liabilities, $600,000. 17. Louis Francke & Co., silk importers, assigned in New York; liabilities, $900,000. 30. The Bank of America, a state institution, at Philadelphia. suspended MAY. 1. The Gloucester City National bank at Glouces ter City, N. J., carried under by failure of Bank of America. Fechheimer, Rau & Co., shirt makers, failed in New York; liabilities $350,000; assets, $276,000. 2. The Fidelity, Surety, Trust and Safe Deposit company of Camden, N. J., the Port Morris bank, the Merchants' bank of Atlantic city and the Merchants' bank of Pleasantville, N. J., suspended payment; said to have been caused by failure of Bank of America. 14. The brokerage firm of Doran & Wright, of New York, with branches in the principal cities, suspended for $400,000. JULY. 29. J. E. Tygert & Co., manufacturers of fertilizers, Philadelphia, failed; liabilities, $317,000 AUGUST. 24. Financial panic in Buenos Ayres SEPTEMBER 3. Hixie & Meller, lumber dealers at Ontigo, Wis., failed; liabilities, $518,000. 4. Potter, Lovell & Co., publishers at Boston, sus pended; liabilities, $5,000,000. Sawyer, Wallace & Co., commission mer chants at New York, assigned; liabilities, $1,000,000. 14. Secretary Windom announced that he would buy $16,000,000 4 per cent. bonds and prepay the interest on the 6s in order to relieve financial stringency. OCTOBER 7. Second financial panic at Buenos Ayres. 14. F. H. Hogarty & Co., bankers at Aberdeen, S. Dak., assigned: liabilities, $240,000; assets, $240,000. 80. Isaac L. Falk & Co., New York clothiers, asalamed liabilities enea 000


Article from Middlebury Register, January 2, 1891

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7. Great storm in Great Britain. ASSIGNMENTS AND SUSPENSIONS. The most important assignments and suspensions of the year are mentioned below: JANUARY. Bank of South Dakota and La Belle Ranch Horse Importing Co., Madison, S. D.; L. H. Stone, horses, San Francisco; A. W. Morris & Co., cordage, Montreal; John B. Lalande, cotton factor, New Orleans: Central Wagon Co., Lan sing, Mich. FEBRUARY. A. G. Leonard & Co., Chicago, boots and shoes MARCH. Atlantic Fire Insurance Co., Providence, R I.; R. R. Donnelly & Son, printers, Chicago; Monroe Eckstein & Leopold Wortheimer, N Y.; Belloc Bros., private bankers, San Francisco; John F. Plummer & Co., dry goods commission merchants, New York: J. S. Murphy & Co., lumber, Montreal. APRIL Manhattan Bank of Manhattan, Kan.: Merchants and Traders' Produce Exchange, Nashville, Tenn.: Louis Francke & Co., silk importers, New York; Carl Spengler, liquors, Kansas City, Mo.; Bank of America, Philadelphia, Pa. MAY. Gloucester City National Bank, Gloucester. N. J.; Fechheimer, Rau & Co., New York: Fidelity Surety, Trust and Safe Deposit Co., Camden, N. J.; Port Norris (N. J.) Bank; Merchants' Bank, Pleasantville, N. J.; Merchants' Bank, Atlantic City, N. J.; Doran & Wright, brokers, New York and elsewhere; Smith, Wade & Co., lumber, Quebec. JUNE. Bank of Hartford, Hartford, Wis JULY. J. E Tygert & Co., fertilizers. Philadelphia SEPTEMBER. Hixie & Meller, lumber, Ontigo, Wis : Potter Lovell & Co., publishers, Boston; Sawyer, Wallace & Co, commission merchants, New York; Jackson Woolen Mills, Jackson, Tenn. Bank of Madison, Jackson, Tenn. OCTOBER. Forestal Bros, contractors, St. Paul: F H. Hagerty & Co, bankers, Aberdeen, S. D.; Curry & Hosmer, hardware, Boston: Isaac L. Falk & Co., clothing, New York; Isidore Rosenthal, coats, New York: Leopold Bros. & Co. clothiers, Chicago NOVEMBER. Packing and Refrigerator Co., Kansas City: Barker Bros. & Co., bankers, Philadelphia: U 8. Rolling Stock Co., Ohio, Illinois and Alabama: Thomas Faweett & Co. coal dealers, Pittsburg: Richard H. Allen & Co., bankers and merchants, New York: Thomas Hallen & Co., tankers and merchants, Memphis: Ore gon Improvement Co., New York: Bell & Eysier, backers, Duluth, Minn.; B K. Jamison & Co. bankers, Philadelphia; Walker & Sons, importers New York: Decker Howell & Co., New York DECEMBER. Rittenhouse Manufacturing Co., Passaic, N. J.; Delamater & Co, Meadville, Pa.: V.A. Meyer & Co., cotton, New Orleans; liabilities $2,000,000, nominal assets $3,000,000


Article from Herald and News, January 8, 1891

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ASSIGNMENTS AND SUSPENSIONS. The most important assignments and suspensions of the year are mentioned below: JANUARY. Bank of South Dakota and La Belle Ranch Horse Importing Co., Madison, S. D.: L. H Stone, horses, San Francisco: A. W. Morris & Co., cordage, Montreal: John B. Lalande, cotton factor, New Orleans: Central Wagon Co., Lan sing, Mich. FEBRUARY. A. G. Leonard & Co., Chicago, boots and shoes MARCH Atlantic Fire Insurance Co., Providence, R. L; R. R. Donnelly & Son, printers, Chicago: Monroe Eckstein & Leopold Wortheimer, N. Y.; Belloc Bros., private bankers, San Francisco; John F. Plummer & Co., dry goods commission merchants, New York: J. S. Murphy & Co., lumber, Montreal. APRIL Manhattan Bank of Manhattan, Kan.: Merchants and Traders' Produce Exchange, Nashville, Tenn.: Louis Francke & Co., silk importers, New York: Carl Speagler, liquors, Kansas City, Mo.: Bank of America, Philadelphia, Pa. MAY Gloucester City National Bank. Gloucester. N. J.; Fechheimer, Rau & Co., New York: Fidelity Surety, Trust and Safe Deposit Co., Caniden, N. J.; Port Norris (N J.) Bank; Merchants' Bank, Pleasantville, N. J.; Merchants' Bank, Atlantic City, N. J.; Doran & Wright, brokers, New York and elsewhere; Smith, Wade & Co., lumber. Quebec. JUNE. Bank of Hartford. Hartford. Wis JULY. J. E. Tygert & Co., fertilizers, Philadelphia SEPTEMBER. Hixie & MeHer, lumber, Ontigo. Wis.: Potter. Lovell & Co., publishers, Boston; Sawyer, Wallace & Co, commission merchants, New York; Jackson Woolen Mills, Jackson, Tenn.: Bank of Madison, Jackson. Tenn. OCTOBER Forestal Bros, contractors, St. Paul: F. H. Hagerty & Co., bankers, Aberdeen, S. D.: Curry & Hosmer, hardware, Boston; Isaac L. Falk & Co., clothing, New York; Isidore Rosenthal, coats, New York: Leopold Bros. & Co. clothiers, Chicago NOVEMBER. Packing and Refrigerator Co., Kansas City; Barker Bros. & Co., bankers, Philadelphia; U. S. Rolling Stock Co., Ohio, Illinois and Alabama: Thomas Faweett & Co, coal dealers, Pittsburg: Richard H. Allen & Co., bankers and merchants, New York; Thomas Hallen & Co., bankers and merchants, Memphis: Oregon Improvement Co., New York: Bell & Eyeler, bankers, Duluth, Minn.; B. K. Jamison & Co. bankers, Philadelphia; Walker & Sons, importers, New York; Decker Howell & Co., New York. DECEMBER. Rittenhouse Manufacturing Co, Passaic, N. J.; Delamater & Co, Meadville, Pa.: V. A. Meyer & Co., cotton, New Orleans; liabilities $2,000.000, nominal assets $8,000,000. Thousands of men and women in the United States recall their membership in the Greek letter fraternities as one of the most enjoyable and profitable features of their college life. Longafter the last traces of memory of the Greek conjugation have vanished, after the Odes of Horace and the swinging lines of the AEneid have faded into the irrevocable past; after all mathematics but the rule of three has lapsed into the secret recesses of the mind; after the finer classifications of the "genus" and "species" have given place to such everyday terms as "mud cat" or "dog fennel;" after all these and a hundred other once important departments of learning have been forgotten, still the recollections of the fraternity, the jolly meetings in the old hall, the exclusive pienics and parties: the dinners, cheap but seasoned with wit and warm geniality; the solemn advice to the erring brother, the sitting up at nights with the unfortunate of the number who fell sick, the anxiety to outdo all rival fraternities in securing good men who entered college, the throb of pride when one of "our boys" won a prize or some special college honor-these things remain as vividand fresh in the memory as though commencement day were only yesterday. -Indianapolis News.


Article from Iron County Register, January 8, 1891

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AN EVENTFUL YEAR. Many Things That Happened During 1890. RECORD OF NOTABLE OCCURRENCES. Disastrous Business Failures-Fatal Casualties and Startling Crimes-Leading Political and Social Events-Necrology-Disastrous Fires, Etc. BUSINESS FAILURES. [INVOLVING $300,000 AND OVER, ON BANKS GENERALLY.] Jan. 6-R. Deimel & Co., Chicago furniture dealers: $300,000. Jan. 14-Smith Middlings Purifier Co., Jackson, Mich.: $484,000: Jan. 16-Bank of H. R. Pierson & Son, Albany. N. Y. Jan. 21-State Bank of Irwin, Kan. Jan. 27-John B. Lollande, New Orleans, cotton merchant: $600,000. Feb. 4-Joseph P. Murphy, Phila delphia, manufacturer of cotton and woolen goods: $500.000. Feb. 11-Franklin Woodruff & Co., dealers in fish and salt. New York City; $400,000. Mar. 13-Harrison & Loder, wholesale dry goods, New York City: $350,000. Mar. 19-John F. Plummer & Co., wholesale dry goods, New York City: $1,000,000. Apr. 7-George K. Sistare's Sons, bankers. New York City; $500,000. Apr. 8-Manhattan Bank, Manhattan, Kan. $561,000. Apr. 17-Louis Franke & Co., silk merchants, New York City: $900,000. , Apr. 30-Bank of America and twelve branches, Philadelphia: $700,000. May 1-Fechheimer, Rau & Co., shirt manufacturers, New York City: $400,000. May 13-Plattsburg Bank. Plattsburg, Mo. May 14-J. F. Reynolds, broker, New York City: $300,000. May 19-Public Grain and Stock Exchange. New York City; largest bucket-shop in United States. May 22-Bank of Middle Tennessee. Lebanon, Tenn. May 23-Owego (N. Y.) National Bank. Jun. 20-Park National Bank. Chicago. Jun. 24-Bank of Hartford. Hartford, Wis. Jul. 29-J. E. Tygert & Co., fertilizer manufacturers, Philadelphia, Pa.: $317,000. Aug. 6-State National Bank, Wellington, Kan. Aug. 27-Potter, Lovell & Co., bankers, Boston: $5,000,000. Aug. 29-City National Bank, Hastings, Neb. Sep. 3-Hoxie & Mellor, Wisconsin lumber dealers. $500,000. Sep. 4-Sawyer, Wallace & Co., New York, Louisville and London, commission merchants and brokers: $2,000,000. Sep. 6-National bank at Kingman, Kan. Sep. 17-Gardner. Chase & Co., bankers and brokers. Boston; $2,000,000. Sep. 27-Bank of Madison, Jackson, Tenn.: $200,000. Oct. 4-Fleming Bros., patent medicine firm, Pittsburgh, Pa.: $500,000. Oct. 10-Indianapolis (Ind.) Car Manufacturing Company: $600,000. Oct. -Wallace, Waggoner & Co., wholesale grocers, Houston, Tex.; $300,0000 J. H. Hagerty & Co.'s bank. Aberdeen, S. D.; $230,000. Oct. 16-R. G. Peters' Salt and Lumber Co., Manistee, Mich. $3,000,000. Oct. 31-Leopold Bros., wholesale clothiers, Chicago, $300,000. Nov. 11-Panic in Wall st., N. Y., caused the failure of brokers Decker. Howell & Co. ($10,000.000): C.M. Whitney & Co. ($300.000), and Daniel Richmond ($200,000) John T. Walker & Co., silk importers, of New York City, $900,000. Nov. 14-Kansas City Packing Co., Armourdale, Kan.: $500,000. Nov. 15-Kansas City Packing & Refrigerating Co., Boston: $1,000,000. Mills. Robeson & Smith, brokers. New York City: $350,000. Nov. 18-P. W. Gallaudet & Co., New York City, brokers: $1,000,000. Nov. 20 -Barker Brothers & Co., bankers, Philadelphia; $3,000,000. Nov. 21-Banking firm of Ragsdale & Co., Oklahoma City. O. T. Nov. 22-First National Bank of Alma, Kan. Bank of Waverly, Waverly, Kan. Nov. 24-Edward Brandon, New York broker: $1,500,000. Thomas Fawcett & Co., extensive coal dealers. Pittsburgh. Pa.: $400,000. Nov. 25-Thomas H. Allen & Co., cotton commission firm. Memphis, Tenn.: $750,000. Nov. 27-H. H. Bell, banker, Duluth, Minn.; $750,000. Nov. 28-B. K. Jamison & Co., bankers and bro kers, Philadelphia: $1,000,000. Dec. 3-Rittenhouse Manufacturing Co., Passaie, N.J.: $800,000. Dec. 5-V. & A. Meyer, cotton dealers, New Orleans: $2,500,000. Delameter & Co., Meadville. Pa., bankers; $400,000 Chicago Safe & Lock Co.: $700,000. Dec. 8-Roberts, Cushman & Co., dealers in bolters' materials, of New York City, $500,000. Dec. 9-American National Bank, Arkansas City. Kan Nightingale Bros. & Knight, silk manufacturers, Paterson, N. J.; $400,000 Whitten, Burdett & Young, Boston, wholesale clothiers: $700,000. Kendriol Bettug