6988. First National Bank (Russell, KS)

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 3657
Charter Number: 3657
Start Date: July 22, 1893
Location: Russell, Kansas (38.895, -98.860)

Metadata

Model: gpt-5-mini
Short Digest: deec61a9

Response Measures

None

Description

The First National Bank of Russell, KS was taken possession of by C. M. Sawyer on order of the Comptroller of the Currency in July 1893 (reported July 22/24). There is no article describing a depositor run on this specific bank. The bank was later authorized to reopen (Comptroller permission) and resumed business in mid-September 1893.

Events (2)

1. July 22, 1893 Suspension

Cause: Government Action
Cause Details: Taken possession by C. M. Sawyer on order of the Comptroller of the Currency; bank closed by government authority.
Newspaper Excerpt: RUSSELL KAN., July 22 The First National Bank, of this place, closed this afternoon, and was taken possession of by C. M. Sawyer, on the order of the Comptroller of the Currency.
Source: newspapers

2. September 15, 1893 Reopening

Newspaper Excerpt: The First National Bank of Russell, Kan. ... have been permitted to reopen their doors for business; The First National Bank of Russell, Kan. authorized to resume business.
Source: newspapers

Newspaper Articles (18)

1. July 23, 1893 The Times Richmond, VA

Click image to open full size in new tab

Article Text

Also National Banks of Tennessee, Texas and Wisconsin Forced to the Wall. LOUISVILLE, KY., 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 also a Government depository, and its last statement show $190,000 to the credit of the Government The loans and discounts outstanding amounted to $1,719,366, and the surplus was $108,500. It is thought that the bank will be able to resume business in a short time. It has been carrying an immense amount of paper, which, although gilt edge, could not be realized on. The bank is the Government depository, and in the statement of the bank. published July 19th, the Government's deposits are placed at $191,731. Deposits of the United States disbursing officers, $138,268. According to the statement, the amount of cash on hand July 19th was a little over $85,000, Individual deposits subject to check of $311,693. and the loans and discounts were $1,719,966. The bank got into serious trouble in the fall of 1890, by having very heavy deposits from the country banks. which were checked so rapidly as to threaten a suspension of the bank. It has never recovered from that trouble, and its failure has been expected for several months. No other banks are hurt. The Kentucky National Bank was a United States depository, and has Government deposits amounting to about $300,000, and its inability to make prompt transfers on this account was the immediate cause of the suspension to-day. During the past three years its surplus has been changed off from $300,000 to $100,000. The officers and directors do not expect to resume for some time, if at all, and it is generally thought that it will not resume at all, unless it should be entirely reorganized. ⑉ Bank Examiner Escott b-right authorizes the official statement that he has examined all the national banks in Louisville, and its vicinity, and they are all solvent. and most of them in very good condition. Future trouble is not expected, unless the small depositors, mainly Germans, become frightened over Sunday and start runs on the banks having large numbers of small depositors. KNOXVILLE, TENN July 22.-The State National Bank closed this morning after opening four minutes. notice was posted on the door saying: "This bank has closed for liquidation. Depositors will be paid in full. The State National Bank, of this city, closed its doors this morning. The bank has long been known to be the weakest in the city. Yesterday, when $20,000 in deposits were withdrawn. it was more than it could stand. A meeting of the directors was held last night. An offer of $40,000 to pay depositors should a run occur to-day was made by other banks. The offer was not accepted, however. When it opened for business this morning a run was precipitated, which only lasted a few minutes, as the bank closed its doors for liquidation. A notice on the door says it will pay depositors dollar for dollar. The stock holders will also receive 85 cents on the dollar. It was feared that the closing of the State National would cause a panic in Knoxville financial circles, which have heretofore been considered very strong. A slight run was only made on the City National Bank, which is just opposite the street, but depositors were paid in full. The scare was soon over. There is no more uneasiness felt here. LAMPASAS, TEX., July 22. The private banking house of J. & L W. Galbraith failed to open its doors yesterday, having made an assignment to Camp bell. Liabilities, $60,000; assets, $120,000. A run on the First National Bank was started, but it was fortunately in position to withstand all demands. The depositors in the Galbraiths' bank will be paid in full. DENVER, COL., July 22.-On petition of the General Electric Company, Judge Hallett, in the United States Court to-day appointed E. B. Shattuck, of Pueblo, receiver of the Pueblo City Railway Company and the International Trust Company. The liabilities of the company are placed at $700,000. VERNON, TEX. July 22.-The State National Bank or Vernon closed its doors yesterday. Every cent of money was paid out. except ten cents, before the doors were closed. The failure is due to the inability to realize on securities. The directors state that depositors will be paid in full. MILWAUKEE, WIS. July -The Milwaukee National Bank closed its doors this morning. MILWAUKEE, WIS., July 22.-The Southside Savings Bank did not open its doors this morning. TOPUKA, KAN., July -The First National Bank of Anthony closed its doors yesterday. Assets, $154,000; liabilities, $50,000. MEMPHIS, TENN., July 22.-The Citizens' Bank, of Jellico, Tenn., the only banking institution in that place, failed to open for business yesterday. GREELEY, COL. July 22. The Union Bank made an assignment yesterday. It is thought the step was voluntarily taken to avoid a contingency that might arise should some creditor take advantage of the attachment law. The bank is perfeetly solvent, and not one depositor will lose a dollar. RUSSELL KAN., July 22 The First National Bank, of this place, closed this afternoon, and was taken possession of by C. M. Sawyer, on the order of the Comptroller of the Currency. No statement is made. Run on a Homestead Bank. HOMESTEAD, PA., July 22.-A run of mada on the

2. 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.

3. July 23, 1893 The Sun New York, NY

Click image to open full size in new tab

Article Text

Western Banks that Are Closed. GREELEY. Col., July 22-The Union Bank made an assignment yesterday morning to James F. Benedict of Denver. It is thought this step was voluntarily taken to avoid the contingency that might arise should some creditors take advantage of the attachment law. The bank is perfectly solvent and not a depositor will lose a dollar. TACOMA. Wash., July 22.-A. G. Foster was appointed receiver of the Traders' Bank yea. terday. President Fitch states that the assets will pay all the obligations and leave a large surplus. Henry A. Strong of Rochester. N. 1.0 and John D. Rockefeller were the largess stockholders. It is expected that the bank will resume soon. TOPEKA. Kan., July 22.-The First National Bank of Anthony closed its doors yesterday and posted up notice of assignment. Its ase sets are $154, 000 and liabilities $50,000. RUSSELL. Kan., July 22.-The First National Bank of this place closed this afternoon. and was taken possession of by C. M. Sawyer on order of the Comptroller of the Currency. No statement is made. WASHINGTON. July 22.-The Comptroller has appointed William A. Rice receiver of the Puget Sound National Bank of Everett. Wash., and Mr. George 8. Hoffmann receiver of the Bozeman National Bank. Bozeman. Mont.

4. July 23, 1893 New-York Tribune New York, NY

Article from New-York Tribune, July 23, 1893

Click image to open full size in new tab

Article Text

BANK FAILURES SOUTH AND WEST. ONE OF THE EMBARRASSED INSTITUTIONS A GOVERNMENT DEPOSITORY. Knoxville, July 22.-The State National Bank closed this morning. The bank has long been known to be the weakest in the city. The withdrawal yesterday of $20,000 in deposits was more than It could stand. A meeting of the directors was held last night. An offer of $40,000 to pay depositors, should a run occur to-day, was made by other banks, but was not accepted. When it opened for business this morning a run was precipitated, which lasted only a few moments, as the bank closed Its doors for liquidation. A notice on the door says the bank will pay depositors dollar for dollar. Stockholders will also receive 85 cents on the dollar. It was feared that the closing of the State National would cause a panic in Knoxville financial institutions which have heretofore been considered strong. A slight run was made on the City National Bank, which is just opposite the State, but here depositors were paid in full, and the scare was soon over. There is no more uneasiness felt here. It is thought the other banks can stand the storm. Louisville, July 22.-The Kentucky National Bank of this city closed Its doors this morning. The capital stock is $1,000,000, paid up. It is thought the bank will be able to resume business in a short time. It has been carrying an immense amount of paper which, although gilt edge," could not be realized on. The bank is the Government depository, and in its statement published on July 19 the Government's deposits are placed at $191,731 83 deposits of United States disbursing officers, $138,208 17. According to the statement, the amount of cash on hand on July 19 was a little over $85,000: individual deposits subject to check were $311,695 33, and the loans and discounts were $1,719,966 52. The bank had been weak for some time, and the failure was not unexpected. Memphis, July 22.-The Citizens' Bank of Jellico, Tenn., the only banking institution in this place, failed to open for business yesterday morning. John Smith was made assignee. Assets and liabilities not known. Vernon, Texas, July 22.-The State National Bank of Vernon closed its doors yesterday. Every cent of money on hand had been paid out, except ten cents, before the doors closed. The failure is due to inability to realize on securities. The directors say that depositors will be paid In full. Lampasas, Texas, July 22.-The private banking bouse of J. & L. W. Galbraith failed to open its doors yesterday morning. having made an assignment to J. 1. Campbell. Liabilities, $60,000; assets, $120,000. A run on the First National was started, but the concern was in a position to withstand all demands. Depositors in Galbraith's Bank will be paid In full. 6 Topeka, July 22.-The First National Bank of Anthony closed its doors yesterday and posted a notice of assignment. Its assets are $154,000 and liabilities $50,000. RusseM. Kan., July 22.-The First National Bank of this place was closed this afternoon and was taken possession of by C. M. Sawyer on order of the Controller of the Currency. No statement has been made. Greetry, Col., July 22.-The Union Bank made an assignment yesterday morning to James F. Benedict, of Denver. It is thought this step was voluntarily taken to avoid the contingency that might arise should some creditor take advantage of the Attachment law. The bank is perfectly solvent and not a depositor will lose a dollar. Crested Butte, Col., July 22.-The Bank of Crested Butte closed yesterday morning. There had been a quiet run on it for several days, SO it was decided to suspend for a time. The assets are $65,000; liabilities, $35,000. Tacoma. Wash., July 22.-A. G. Poster was ap pointed receiver of the Traders' Bank yesterday. PresIdent Fitch says that the assets will pay all the obligations and leave a large surplus. Henry A. Strong, of Rochester, N.Y., and John D. Rockefeller were the largest stockholders. It is expected the bank will resume business soon. PRESENT TREASURY POLICY TO BE CONTINUED. Washington, July as -Secretary Carlisle. after an Interview with Mr. Preston. Acting Director of the Mint. this morning authorized the statement that he fully approves the policy pursued In his absence by Mr. Preston in purchasing silver, and that the same policy. will govern silver purchases in the immediate future. This statement sets at rest the rumors that Secretary Carlisle would, on his return. reverse the policy of the Treasury in purchasing silver. Secretary Carlisle gave entire discretion in purchasing silver to Mr. Preston when he left here on his vacation. This morning, with the approval.o Secretary Carlisle, Mr. Preston refused to purchase 100,000 ounces of silver at 70 cents, the London price being about 69 1-2 cents an ounce. This was part of lot offered yesterday at 73 cents an ounce, and was declined and a counter offer was made by Mr. Preston of 71 1-2 cents an ounce,which the holder refused to accept.

5. July 23, 1893 Richmond Dispatch Richmond, VA

Article from Richmond Dispatch, July 23, 1893

Click image to open full size in new tab

Article Text

Sundry Banks Suspend. [By telegraph to the Dispatch.] MEMPHIS, TENN., July 22.-The Citizens' Bank of Jellico, Tenn., the only banking institution in that place, failed to open for business yesterday. No figures known. GREELEY, CoL., July 22.-The Union Bank made an assignment yesterdav. It 18 thought the step was voluntarily taken to avoid a contingency that might arise should some creditor take advantage of the attachment law. The bank is perfectly solvent and not a depositor will lose a dollar. VERNON, TEX., July 22.-The State National Bank of Vernon closed its doors yesterday. Every cent of money was paid out, except ten cents, before the doors were closed. The failure was due to inability to realize on securities. The directors state that depositors will be paid in full. LOUISVILLE, Kr., July 22.-The Kentucky National Bank, this city, closed its doors this morning. Capital stock $1,000,000. paid up. This bank is also 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. MILWAUKEE, WIS., July 22.-The SouthSide Savings Bank did not open its doors this morning. There is a heavy run on the German-American and Merchant's Exchange banks. KNOXVILLE, TENN., July 22.-The State National Bank closed this morning atter opening four minutes. A notice was posted on the door saying: This bank has closed for liquidation. Depositors will be paid in full." MILWAUKEE, WIS., July 22.-The Milwaukee National Bank closed its doors this morning. LAMPASAS, TEX.. July 22.-The private banking-house of J. & L. W. Galbraith failed to open its doors yesterday having made an assignment to J. I. Campbell. Liabilities $60,000; assets. $120,000. A run on the First National Bank started, but it was fortunately in a position to withstand all demands. The depositors in Galbraith's Bank will be paid in full. TOPEKA, KAN., July 22.-The First National Bank of Anthony closed its doors yesterday. Assets, $154,000; liabilities, $50,000. RUSSELL, KAN., July 22.-The First National Bank, of this place, closed this afternoon and was taken possession ot by C. M. Sawyer on the order of the Comptroller of the Currency. No statement is made.

6. 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

competent officers of the government a thorough canvass of both houses of Congress on the silver question. The conclusions reached by the President's canvasser point to a long and exciting and bitter contest in both branches of Congress. The eventual repeal of the bill may be brought about, but not promptly. The extra session will doubtless run into the regular session without an agreement on this disturbing question." To Keep Small Creditors Quiet. DENVER, Col., July 23.- / At the request of the General Electric company, Judge Hallet of the United States court, yesterday appointed H. E. Chubbeck of Pueblo, receiver of the Pueblo City Street Railway company and the International Trust company. The liabilities are $700,000. The move was taken to prevent any of the smaller creditors from causing trouble. Not That Bank. WASHINGTON, July 22.-The statement made public yesterday that the First National Bank of Vernon, Texas, had failed proves erroneous. The First National Bank of Russel, Kansas, has failed.

7. July 24, 1893 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, July 24, 1893

Click image to open full size in new tab

Article Text

Other Failures. DENVER, July 23.-At the request of the General Electric Company Judge Hallet. of the United States Court, yesterday appointed H. E. Chubbeck, of Pueblo. receiver of the Pueblo City Street-railway Company and the International Trust Company. The liabilities are $700,000. WASHINGTON, July 23.-The statement made public yesterday that the First National Bank of Vernon, Tex., had failed. proves to be erroneous. The First National Bank of Russell, Kan., has failed. SALT LAKE. U.T., July 23.-The Burton Gardener Wholesale Lumber and Wire Fence Company has assigned, Liabilities, $89,000; assets, $150,000.

8. July 26, 1893 The Star Reynoldsville, PA

Click image to open full size in new tab

Article Text

LATER NEWS WAIFS. FINANCIAL AND COMMERCIAL. TACOMA, WASH. -The Trader's Bank suspended. An early resumption is expected. MILWAUKEE-The Commercial Bank has assigned. THE Johnson County Savings Bank, Missouri, suspended Thursday. Depositors will be paid in full. SAN BERNARDINO, CAL. The First National bank reopened by permission of Comptroller Eckels. The bank is in fine condition. The Farmers exchange bank will reopen in a short time. Confidence is again restored. PITTSBURG BANKS SOUND. -The report of the Comptroler of the Currency shows that the 29 National banks of Pittsburg are in sound condition. The reserve held by the n July 12 was 24 35 per cent, This Comptroller Eckles regards as indicating that there is no alarm or distrust in the community. The First National Bank, of Russell, Kas., has failed. The announcement Saturday that the First National Bank of Vernon, Tex., has failed was erroneous. The New Hampshire Trust Company, of Manchester, N. H., one of the heaviest financial institutions in the State, has been enjoined from continuing business. The Bank of Grand Avenue, Kansas City, Mo., on Saturday resumed business. The First National Bank of Santa Anna, Cal., which closed four weeks ago, reopened its doors again Saturday. The Kentucky National Bank, Louisville, a government depository, suspended. Liabilities of $2,742,624 01, balanced by resources. The Milwaukee National Bank of Wisconsin and the Southside savings bank, both of Milwaukee, closed their doors.

9. July 27, 1893 The State Republican Jefferson City, MO

Article from The State Republican, July 27, 1893

Click image to open full size in new tab

Article Text

FIRE swept away the entire business portion of Edgerton. O., a town of 1,200 inhabitants. the loss being $100,000. A LAWSUIT caused W. R. Shoemaker, of Metropolis, III., to kill George and Richard Lukens and then commit suicide. IN Cincinnati defective sewerage was causing a dangerous landslide and many houses had already been com. pletely wrecked IN Detroit Mascot defeated Hal Point. er and Flying Jib, pacing five heats in less than 2:08 and breaking the world's record. A MOB in Lafayette county. Fla., hanged a negro who assaulted and murdered the 9-year-old daughter of Carr Elliott. FLAMES burned a block at Paulding, O., and part of another, causing a loss of $200,000. THE death of Gen. William Vandever occurred at his residence in Ventura, eas. aged 76 years. He was elected to congress from Iowa in 1858 and reelected in 1860, but resigned his seat to enter the army. Ex-Gov. GEORGE C. PERKINS, of San Francisco, has been appointed United States senator to succeed the late Leland Stanford. A MOB lynched Lee Walker, a negro who assaulted Miss Mollie McCadden (white) and four colored girls at Memphis, Tenn. and then his body was burned: WHILE temporarily insane Allen E. Jones, aged 40 years, living near Texarkana, Ark. beat out the brains of his wife and three children with an ax and then hanged himself. Two SISTERS named Plant, of Nuncia, Mich.; arrived at the world's fair grounds, after walking all the way from Muskegon, Mich., 220 miles. The journey was made in ten days. A FIRE in the Keifer building in New Orleans caused a loss of $100,000 and J. E. McDonald, a fireman, was suffocated. C. W. DE PAUW, the millionaire manufacturer at New Albany, Ind., made an assignment with liabilities of $400,000. IN Detroit Frank Waller, of Indiana, broke the 25-mile bicycle record, making the distance in 1 hour 6 minutes and 10 seconds. IN San Francisco ground will be broken this week for the California Midwinter exposition which is to follow the world's fair. IN the records of the state auditor of Kansas an apparent shortage of $86,000 was discovered in connection with the sale of public school lands. THE Milwaukee national and the South Side savings banks in Milwaukee closed their doors. and the State national bank at Knoxville, Tenn., and First national at Russell, Kan., were forced to suspend. THE world's fair gates were closed on Sunday. THE sawmill owned by Duncan, Bremer & Co. at Duluth, Minn., was burned, causing a loss of $100,000. MRS. McDONALD and her two chil. dren were carried away by masked i menfrom a farmhouse near Fort Wayne, Ind.

10. July 27, 1893 River Falls Journal River Falls, WI

Article from River Falls Journal, July 27, 1893

Click image to open full size in new tab

Article Text

and the Traders' at Tacomah Falls, Wash. The First national at San Bernardino, Cal., resumed business, as did also the Second national at Ashland, Ky. THE death of James D. Rawlins, a veteran of the Blackhawk war of 1832, and father of the distinguished Gen. John A. Rawlins, chief of staff to Gen. Grant, died at Guilford, 111., aged 92 years. *THE three sons of Frank Lundgren, of Geneseo, III., aged respectively 15, 20 and 22, were drowned in Green river by the capsizing of a boat. FOUR soldiers were killed and six outlaws were mortally wounded during a fight in Wise county, Va., between state troops and outlaws. FOR not working out his poll tax M. J. Dowling, editor of the Star at Benville, Minn., a man with neither legs nor hands, was arrested by order of the village council. FIRE swept away the entire business portion of Edgerton, O., a town of 1,200 inhabitants, the loss being $100,000. A LAWSUIT caused W. R. Shoemaker, of Metropolis, III., to kill George and Richard Lukens and then commit suicide. IN Cincinnati defective sewerage was causing a dangerous landslide and many houses had already been completely wrecked. IN Detroit Mascot defeated Hal Pointer and Flying Jib, pacing five heats in less than 2:08 and breaking the world's record. A MOB in Lafayette county, Fla., hanged a negro who assaulted and murdered the 9-year-old daughter of Carr Elliott. FLAMES burned a block at Paulding, O., and part of another, causing a loss of $200,000. THE death of Gen. William Vandever occurred at his residence in Ventura, Cal., aged 76 years. He was elected to congress from Iowa in 1858 and reelected in 1860, but resigned his seat to enter the army. Ex-Gov. GEORGE C. PERKINS, of San Francisco, has been appointed United States senator to succeed the late Leland Stanford. A MOB lynched Lee Walker, a negro who assaulted Miss Mollie McCadden (white) and four colored girls at Memphis, Tenn., and then his body was burned. WHILE temporarily insane Allen E. Jones, aged 40 years, living near Texarkana, Ark., beat out the brains of his wife and three children with an ax and then hanged himself. Two SISTERS named Plant, of Nuncia, Mich., arrived at the world's fair grounds, after walking all the way from Muskegon, Mich., 220 miles. The journey was made in ten days. A FIRE in the Keifer building in New Orleans caused a loss of $100,000 and J. E. McDonald, a fireman, was suffocated. C. W. DE Pauw, the millionaire manufacturer at New Albany, Ind., made an assignment with liabilities of $400,000. IN Detroit Frank Waller, of Indiana, broke the 25-mile bicycle record, making the distance in 1 hour 6 minutes and 10 seconds. IN San Francisco ground will be broken this week for the California Midwinter exposition which is to follow the world's fair. IN the records of the state auditor of Kansas an apparent shortage of $36,000 was discovered in connection with the sale of public school lands. THE Milwaukee national and the South Sidesavings banks in Milwaukee closed their doors, and the State na tional bank at Knoxville, Tenn., and First national at Russell, Kan., were forced to suspend. THE world's fair gates were closed OL Sunday. THE sawmill owned by Duncan Bremer & Co. at Duluth, Minn., was burned, causing a loss of $100,000. MRS. McDoNALD and her two chil-

11. July 27, 1893 The Middleburgh Post Middleburg, PA

Article from The Middleburgh Post, July 27, 1893

Click image to open full size in new tab

Article Text

LATER NEWS WAIFS. FINANCIAL AND COMMERCIAL. TACOMA, WASH. - The Trader's Bank suspended. An early resumption is expected. MILWAUKEE-The Commercial Bank has assigned. THE Johnson County Savings Bank, Missouri, suspended Thursday. Depositors will be paid in full. SAN BERNARDINO, CAL. -The First National bank reopened by permission of Comptroller Eckels. The bank is in fine condition. The Farmers exchange bank will reopen in a short time. Confidence is again restored. PITTSBURG BANKS SOUND. -The report of the Comptroller of the Currency shows that the 29 National banks of Pittsburg are in sound condition. The reserve held by the n July 12 was 21 35 per cent. This Comptroller Eckles regards as indicating that there is no alarm or distrust in the community. The First National Bank, of Russell, Kas, has failed. The announcement Saturday that the First National Bank of Vernon, Tex., has failed was erroneous. The New Hampshire Trust Company, of Manchester, N. H., one of the heaviest financial institutions in the State, has been enjoined from continuing business. - The Bank of Grand Avenue, Kansas City, Mo., on Saturday resumed business. The First National Bank of Santa Anna, Cal., which closed four weeks ago, reopened its doors again Saturday. The Kentucky National Bank, Louisville, a government depository, suspended. Liabilities of $2,742,624 01, balanced by resources. The Milwaukee National Bank of Wisconsin and the Southside savings bank, both of Milwaukee, closed their doors.

12. July 27, 1893 The Redwood Gazette Redwood Falls, MN

Article from The Redwood Gazette, July 27, 1893

Click image to open full size in new tab

Article Text

issued orders for closing the mills here for six months, as soon as the goods now in process of manufacture are finished. The reason assigned for this action is a lack of orders, except at ruinous prices. This is the first time in the history of this company that work has been ordered to cease on account of the condition of markets, and the result of the present action will be a serious blow to many employes who are dependent upon their earnings in these mills for support. PORTLAND, Me., July 22.-At directors' meeting Thursday It was decided to shut down the mills of the Westbrook Manufacturing company, makers of ginghams, from July 20 to September 4. The monthly pay-roll is $20,000. There are three reasons that unite to cause the shutting down. The goods now being manufactured cannot be sold until October, and no money can be realized on them until next spring. It is not deemed advisable to pile up goods. The mill has been in operation thirty years without a shut-down, and some repairs are necessary. IRON MINES AND FOUNDRIES. PLATTSBURG, N. Y., July 22.-The Chateaugay Ore & Iron company, whose mines and iron foundries are located at Lyon Mountain. closed down Thursday, as also did the Crown Point Iron company mines and iron makers at Crown Point. The cause given is dullness in the iron trade. About 1,000 men are thrown out of employment. The principal stockholders of both companies are New Yorkers. ROLLING MILLS STOPIING. MILWAUKEE, July 22.-The Bay View rolling mills of the Illinois Steel company, which were recertly started up at nearly their full capacity, are gradu11y being closed again, and at the present time not more than half the plant is in operation. Manager Hinton said to-day that the shutting down of the mills was owing to the exceedingly dull condition of everything in these times. ORE BANKS FAIL. LOUISVILLE, Ky., July 24.-The Kentucky national bank of this city has Coded its doors The capital stock is $1,000,000 paid up. The bank is also a government depository, and its last statement showed $190,000 to the credit of the government. KNOXVILLE, Tenn., July 24.-The State national bank closed its doors Saturday. MILWAUKEE, July 24.-The Milwaukee national bank did not open its doors Saturday and the South Side savings bank also suspended. RUSSELL, Kan., July 24.-The First national bank has been forced to suspend. MANCHESTER, N. H., July 24.-The doors of the New Hampshire Trust company, the largest financial institution in tne state, were closed Saturday. A BAD RECORD. WASHINGTON, July 24.-Since the 1st of January nearly 200 national banks throughout the country have closed their doors, against less than fifty during the same period last year.

13. July 28, 1893 The Great West Saint Paul, MN

Article from The Great West, July 28, 1893

Click image to open full size in new tab

Article Text

Merchants Exchange and Second ward banks, but around hoon the excitement had in a measure subsided, and a general feeling of confidence in the AP WE GUARANTEE A security of those places of deposit prevailed. Tne city. however, was full and invite the REMEMBER of wild rumors, impossible to verify and probably for the most part withcareful investigation as to our responsibility and the merits of our Tablets. out foundation. Up to 1 o'clock, with the exception of a small soap manHILL'S The ufacturer, no new failures had been reported. At 11 o'clock notice was Th D OUR TESTI MONIALS posted on the doors of the Merchants Exchange, on which there had been Ha Double Chloride of Gold Tablets a heavy run: Jai Vill c ompletely destroy the desire *TOBACCO in from 3 to5 days. Perfectly harm"Tue undersigned directors of the Merchants Exchange bank are perless; cause no sickness, and may be given in a cup of tea or coffee without the knowlH. edge of the patient, who will voluntarily stop smoking or chewing in a few days. sonallv responsible for moneys deposited in this bank. J. RUDOLPH NUNNEMACHER. can be cured at home, and withDR UNKENNESS and ... "[Signed.] MORPHINE HABIT C. out any effort on the part of REID VOGEL, JR. A.' the patient, by the use of our SPECIAL FORMULA GOLD CURE TABLETS. JULIUS COLT. Du ring treatment patients are allowed the free use of Liquor or MorCha CHARLES F. PFISTER. ph ine until such time as they shall voluntarily give them up. J. We send particulars and pamphlet of testimonials free, and shall FRANK J. KIPP." be glad to place sufferers from any of these habits in communicaTestimonials EASILY. FEW A. tio n with persons who have been cured by the use of our TABLETS. This had a quieting effect and by means of a few policemen the crowd E. from persons HILL'S TABLETS are for sale by all FIRST-CLASS dru was considerably lessened: ggists at 1.00 per package. R. who have been If your druggist does not keep them, enclose us 1.00 The statement on the doors of the Milwaukee National was simply: L and we will send you, by return mail, a package of our Tablets. cured by the use of "By order of the board of directors this bank is closed." The Write your name and address plainly, and state The air is full of rumors of failures and impending failures in mercanHe wh ether Tablets are for Tobacco, Morphine or Liq uor Habit. tile circles, but up to noon no suspensions had occurred. [And ,vet the lyA. Hill's Tablets. DO NOT BE "DECEIVED into purchasing ing paper heads the article with "Ends the Milwaukee Trouble."] Her THE OHIO CHEMICAL Co.: any of the various nostrums that are being President Trumpff, of the South Side Savings bank, says depositors Lou off ered for sale. Ask for HILL'S DEAR SIR:-I have been using your ABLETS and take no other. cure for tobacco habit, and found it would had been making very large withdrawals during the past month, while A. do what you claim for it. I used ten cents Manufactured only by collections have been small and deposits light. The officials and directors Set worth of the strongest chewing tobacco a day, THE and from one to five cigars; or I would smoke decided that they could not do business long under the circumstances and A. from ten to forty pipes of tobacco. Have chewed concluded that in the interests of their patrons and themselves, it would A. ( and smoked for twenty-five years, and two packages of your Tablets cured me so I have no desire for it. be better to suspend without further delay. While they hope to be able to M. OHIO CHEMICAL CO., B. M. JAYLORD, Leslie, Mich. resume after the storm has blown over they are not able to state anyJ. S 51, 53 & 55 Opera Block, DOBBS FERRY, N. Y. thing definite. The trouble which has culminated in the suspension of the Ric THE OHIO CHEMICAL Co.:-GENTLEMEN:-Some time ago I sent LIMA, OHIO. for $1.00 worth of your Tablets for Tobacco Habit. I received bank was the inevitable result of the present depressed and uneasy condiWn them all right and, although I was both a heavy smoker and chewer, tion of financial affairs. PARTICULARS they did the work in less than three days. I am cured. A. Truly yours, MATHEW JOHNSON, P. O. Box 45. MILWAUKEE, Wis., July 22.-Bernard and Jacob Gross, comprising the Car PITTSBURGH, PA. FREE. firm of Gross Bros., soap manufacturers, have confessed judgment in the The THE OHIO CHEMICAL Co.:-GENTLEMEN:-It gives me pleasure to speak a sum of $21,014.30. on a note made April 30, 1892, and May 18, 1892, in word of praise for your Tablets. My son was strongly addicted to the use of O. liquor, and through a friend, I was led to try your Tablets. He was a heavy and .: favor of Leopold Gross. D. constant drinker, but after using your Tablets but three days he quit drinking, LOUISVILLE, July 22.-The Kentucky National bank. of this city, and will not touch liquor of any kind. I have waited four month before writing Ed Yours truly, you, in order to know the cure was permanent. closed its doors this morning. The capital stock is $1,000,000, paid up. MRS. HELEN MORRISON. T This bank is also a government depository and its last statement showed CINCINNATI, OHIO. THE OHIO CHEMICAL CO:-GENTLEMEN:-Your Tablets have performed a miracle in my case. eve $190,000 to the credit of the government. The loans and discounts outI have used morphine, hypodermically, for seven years, and have been cured by the use of standing amounted to $1,119.966.50 and the surplus was $108,500. W. L. LOTEGAY. two packages of your Tablets, and without any effort on my part. you Address all Orders to VERNON, Tex., July 22.-The State National bank of Vernon closed its doors yesterday. Every cent on hand was paid out. except 10 cents, beRESPONSIBLE Co AGENTS WANTED fore the doors were closed. The failure is due to the impossibility to realTHE OHIO CHEMICAL CO., UID 51, 53 and 55 Opera Block. LIMA, OHIO. ize on securities. The directors state that depositors will be paid in full. on (In writing please mention this paper.) Lima, Ohio, July 22.-The recent failure of the Citizens' bank of Ada of F for a large amount will probably result in the prosecution of the bank people. Only a few hours previous to the assignment Ahlfield, the owner, gave mortgages to his sons and relatives covering all his property, conHot sisting of the bank building, three farms, his residence, etc. One of the EDITOR GREAT WEST: mortgages was made to his son only about 14 years of age and the deThe Ebb and Flood---But it never Ebbs. We wish you success in your effort positors propose to contest the legality of the transaction. Ahlfield had and laborer to a point of intelligence suf property enough to cover all the liabilities of the bank. Among the deests and save them from the greed of g Marietta, July 23, 1893. positors was a young man from South Dakota. He had toiled on a farm eaters. Your faith, hope and charity m EDITOR GREAT WEST: until he had saved up several hundred dollars, which he had brought with very shrewd, sharp foe, and a very slow, Enclosed find postal note for one dollar to renew subscription. Can't him to pay his expenses while at school. He is left without a dollar, and deal with. Success! keep house without it. in debt, 1,200 miles from home. W. W. Crooks had $6,000 of school funds I have been reading the Representative. It appears to me that Donin the bank, and Prof. Leor about $1,200. Every firm in Ada but three nelly's own articles confirm his own treachery to the people. Bro. Prettyman has two splendid lett was caught for sums of different amounts, and it is alleged, all are inclinIt is passing strange that an honest man should be continually beset ed to prosecute Ahlfield. "down in the pile," before long. Short, s) with offers of bribery as he claims to be, if he is not a marketable comLOUISVILLE, Ky., July 22.-The Kentucky National bank, capital $1,one side of paper, count best. We do n modity. The people are getting sick of hearing his repeated charges 000,000, has suspended payment. There is no excitement and all others The long letters are often the best-bu against Dr. Fish, without producing a single word of proof. Let him proare regarded all right. them !-and the editors can't look them ( duce his proof or shut up. Any vagabond can make such charges. RUSSELL, Kan., July 22.-The First National bank of this place closed How does it happen that you have over-looked his letter to you of this morning and was taken possession of by C. M. Sawyer on order of Oct. 19 last, as published in the Rep. of May 10th, in which he threatens A correspondent asks if Gen. Weaver the comptroller of currency. No statement is made. to join the democrats and send Owen to the U. S. Senate to punish you? sign his name. Gen. Weaver was a gener And yet the "Clouds are all passed by" on all the editorial pages-and M. L. SNOW. "business will speedily resume!" Ananias was a cherub compared with a St. modern daily paper. Doc.. keep right on with mv naner Bro Brown of Witoka our for the

14. July 28, 1893 The Times Owosso, MI

Click image to open full size in new tab

Article Text

resumed business, as did also the Second national at Ashland, Ky. By an explosion of dynamite in a shanty in Minneapolis Gus Olson was blown into fragments. MISSES ELIZABETH WALTERS and Mabel Hallett, of New York city, were drowned while bathing in the surf at Shell Bank, Long Island. W. R. SHOEMAKER, of Metropolis, Ill., killed George and Richard Lukens and then committed suicide. A lawsuit caused it. MASCOT defeated Hal Pointer and Flying Jib at Detroit, pacing five heats in less than 2:08 and breaking the world's record. A NEGRO who assaulted and murdered the 9-year-old daughter of Carr Elliott in Lafayette county, Fla., was hanged by a mob. REV. GEORGE STOCKING, of Leavittsburg, O., who was suffering from poor health, ended his misery by cutting his throat. WILLIAM NAPIER and family, of Columbus, O., were badly poisoned by eating cabbage on which paris green had been spread. DEFECTIVE sewerage was causing a dangerous landslide in Cincinnati and many houses had already been completely wrecked. A CARELESS cigarette smoker started a fire in Little Goose Canon, Wyo., and much valuable timber was destroyed. OFFICERS of the revenue cutter Rush report the discovery of an active volcano near Cape St. John, Alaska. MRS. VANERSCHEK, a farmer's lfe at Rutledge, Minn., was held up by two masked men and robbed of $400. AN explosion in a coal mine at Edwardsville, Pa.., fatally injured William Jones, Martin Brennan, B. Wilson and Patrick Malai. THE American line steamship Paris made the run from Southampton to New York in 6 days 9 hours and 30 minutes, breaking all previous records. THE percentages of the baseball clubs in the National league for the week ended on the 22d were as follows: Philadelphia, .649; Boston. .639; Pittsburgh, 576; Cleveland, .568; Brooklyn, .464 Checknate 124 Ballimore. $209' Chic. ......................... New '894' Inois's 7S Tousis- :80F' .448 'O.Sto 'T98' FIRE burned one whole block at Paulding, O., and part of another, causing a loss of $200,000. AN unknown yacht was capsized east of Deer Island, Mass, and John W. Johnson, Albert T. Scott and Joseph Murphy were drowned. GEORGE BAGNELL, aged 71, and his grandson, aged 7, were drowned in Great South pond near Plymouth, Mass. THE gates of the world's fair were closed on Sunday. TRAMP miners from Colorado state that the suffering there is terrible, and that authorities are suppressing the facts. DUNCAN, BREMER & Co.'s sawmill at Duluth, Minn., burned, causing a loss of $100,000. MASKED men carried away Mrs. McDonald and her two children from a farmhouse near Fort Wayne, Ind. LUTIE LASELLE, of Seymour, Ind., an only daughter, 16 years of age, poisoned herself with arsenic rather than take a My By the recent assessment in Kansas the railroads in the state must pay $10,500,000 more than in 1892. AN apparent shortage of $36,000 was discovered in the records of the state auditor of Kansas in connection with the sale of public school lands. IN Milwaukee the Milwaukee national and the South Side savings bank closed their doors, and the State national bank at Knoxville, Tenn., and First national at Russell, Kan., were forced to suspend. FRANK WALLER, of Indiana, broke the 25-mile bicycle record, making the distance in Detroit in 1 hour 6 minutes and 10 seconds. GROUND will be broken in San Francisco this week for the California Midwinter exposition, which is to follow the world's fair. FLAMES in the Keifer building in New Orleans caused a loss of $100,000 and J. E. McDonald, a fireman, was suffocated. CHARLES W. DE PAUW, the millionaire manufacturer at New Albany, Ind., made an assignment with liabilities of $400,000. THE Misses Plant, of Nunica, Mich., arrived at the world's fair grounds, after walking all the way from Muskegon, Mich., 220 miles. The journey

15. July 29, 1893 The Irish Standard Minneapolis, Saint Paul, MN

Article from The Irish Standard, July 29, 1893

Click image to open full size in new tab

Article Text

CLOSED THEIR DOORS. Many Banks Throughout the Country Forced to Stop Business. LOUISVILLE, Ky., July 24.-The Kentucky national bank of this city has closed its doors. The capital stock is $1,000,000 paid up. The bank is also a government depository, and its last statement showed $190,000 to the credit of the government. KNOXVILLE, Tenn., July 24.-The State national bank closed its doors Saturday. MILWAUKEE, July 24.-The Milwaukee national bank did not open its doors Saturday and the South Side savings bank also suspended. RUSSELL, Kan., July 24.-The First national bank has been forced to suspend. MANCHESTER, N. H., July 24.-The doors of the New Hampshire Trust company, the largest financial institution in the state, were closed Saturday. MILWAUKEE, Wis., July 22.-The Commercial bank made a voluntary assignment yesterday with liabilities of $1,500,000 and assets of $1,700,000. CONNERSVILLE, Ind., July 25.-The Citizens' bank, owned by ex-United States Treasurer Huston, closed its doors yesterday morning. The liabilities are $150,000. MEDFORD, Wis., July 25.-The Taylor county bank has failed and Cashier Matt has fled. It was the depository for the county and city funds. LOUISVILLE, Ky., July 25.-The Louisville national bank suspended payment yesterday afternoon. The bank has a capital stock of $400,000. GREAT FALLS, Mont., July 25.-The Merchants'. national bank closed its doors yesterday. It held $21,000 city funds, $32,000 of the county, and $20,000 state funds, but has little or no ready money. TACOMA, Wash., July 25.-The Tacoma national bank did not open its doors yesterday. The bank was one of the oldest and most conservative in the city. MANCHESTER, N. H., July 25.-The National bank of the commonwealth suspended payments yesterday. Its assets and liabilities are about $625,000. The Bank of New England also suspended. It had a capital of $100.000. WASHINGTON. 25.-Since the 1stof January nearly 200 national banks have closed their doors, against less than fifty 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, 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, Kv. MILWAUKEE, July 26.-The Wisconsin Fire and Marine Insurance company's bank, the largest financial institution in the whole northwest outside of Chicago, closed its doors yesterday. It owes depositors over $7,000,000. INDIANAPOLIS, Ind., July 26.-The Indianapolis national bank and the Bank of commerce failed to open their doors yesterday. The Indianapolis national has a capital stock of $300,000. The liabilities are $$,200,000. LOUISVILLE, Ky., July 26.-The Merchants' national and Louisville deposit banks suspended yesterday. FINDLAY, O., July 26.-The Farmers' national bank suspended yesterday.

16. September 15, 1893 Evening Star Washington, DC

Article from Evening Star, September 15, 1893

Click image to open full size in new tab

Article Text

Banks Resuming. 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 First National Bank of Russell, Kan. The Ainsworth National Bank of Portland, Ore

17. September 20, 1893 The Star Reynoldsville, PA

Article from The Star, September 20, 1893

Click image to open full size in new tab

Article Text

FINANCIAL AND COMMERCIAL. The first National Bank, of Russell, Kas., and the Ainsworth National Bank of Portland, Ore., which suspended some time ago have been authorized to resume business. No bank failures have been reported since August 28.

18. September 21, 1893 The Middleburgh Post Middleburg, PA

Article from The Middleburgh Post, September 21, 1893

Click image to open full size in new tab

Article Text

locate their us. Dr. Hartman, an old and prominent physician of Anllville, Mo., was shot and instantly killed by William Powell, of that place. The difficulty originated from an old feud between the two men. Henry S. Cochran. the embezzling Philadelphia Mint weigher, was arraigned and held 111 $30,000 bail in order to give him time to procure counsel. Supt. Bosbyshell testified that the shortage amounted to $28,000. Financial and Commercial. The first National Bank, of Russell, Kas., and the Ains worth National Bank of Portland, Ore., which suspended some time ago have been , uthor zed to resume business. No bank failures have been reported since August 28, The National bank of Ashland, at Ashland. Neb ,resumed business in an excellent condition.