7161. Second National Bank (Ashland, KY)

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 3944
Charter Number: 3944
Start Date: June 27, 1893
Location: Ashland, Kentucky (38.478, -82.638)

Metadata

Model: gpt-5-mini
Short Digest: d3904c10

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (June 27–28, 1893) report the Second National Bank of Ashland, KY closed its doors as a solvent institution forced to suspend because of inability to realize on good paper. Comptroller authorization to resume appears in mid-July and local papers report the bank resumed business about July 27. There is no explicit mention of a depositor run triggering the suspension; cause is inability to realize on paper (liquidity/asset realization problem).

Events (3)

1. December 7, 1888 Chartered

Source: historical_nic

2. June 27, 1893 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank suspended due to inability to realize on good paper (liquidity/collection problems on loans/notes).
Newspaper Excerpt: The Second National Bank of this place closed its doors this morning. It is solvent, but was forced to suspend because of the inability to realize on good paper. The depositors will all get their money.
Source: newspapers

3. July 27, 1893 Reopening

Newspaper Excerpt: ASHLAND, KY.-The Second National Bank which suspended three weeks ago. resumed business Thursday.
Source: newspapers

Newspaper Articles (20)

1. June 28, 1893 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, June 28, 1893

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Want the Sherman Law Repealed. Chicago, June 27.-The following telegram was sent to President Cleveland yesterday, signed by 38 of the leading business houses of Chicago. It is unstood that several others who did not sign this message have sent private telegrams of similar import: To the Hon. Grover Cleveland, President of the United States: Believing that the Sherman silver bill is one of the most important factors contributing to the present depressed condition of the national finances, it is our earnest request that the matter be discussed at the Cabinet meeting next convening. In our opinion the immediate repeal of this law would do more to restore confidence than any one thing, and believing it to be a question of national importance we beseech your favorable consideration. It is stated that prominent merchants in Grand Rapids, Detroit, St. Louis and St. Paul have been requested to take simlar action. Fuel Company Goes Under. SPRINGFIELD, Ills., June 27.-The Illinois Fuel company, heavy operators in mining. with headquarters in Chicago, confessed judgment today for $28,800. The total liabilities are $60,000. and the assets will hardly equal the liabilities. Furniture Makers Assign. CINCINNATI, Ohio, June 27.-Rennekemp. Brothers, manufacturers of furniture, assigned this morning; assets, $100,000; liabilities, $40,000. Will Get Their Money. ASHLAND, Ky., June 27.-The Second Notional Bank closed its doors this morning. It is solvent, but was forced to suspend because of the inability to realize on good paper. The depositors will all get their money.

2. June 28, 1893 The Morning News Savannah, GA

Article from The Morning News, June 28, 1893

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An Ashland Bank Suspends. New York, June 27.-A special to the Evening Post from Ashland, Ky., says: "The Second National Bank of this place closed its doors this morning. It is solvent, but was forced to suspend because of inability to realize on good papers. Depositors will get all their money."

3. June 28, 1893 The Morning Call San Francisco, CA

Article from The Morning Call, June 28, 1893

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SOME FEW FAILURES. The Faint Mutterings After the Gale Has Died Away. NEW YORK, June 27.-Goldman Brothers, cloak manufacturers, have become financially embarrassed. The liabilities are said to be about $75,000. L. Randel, coffee-broker, has notified the Coffee Exchange of his inability to meet obligations. ASHLAND, Ky., June 27.-The - Second National Bank has closed its doors. Depositors will be paid in full. CHICAGO, June 27.-' The Illinois Fuel Company has failed. It has mines in Sangamon County. Assets $150,000, liabilities $100,000. R. A. Wells, dealer in hardwood lumber, assigned to-day. The assets are $150,000 and the liabilities about the same. The cause of the failure is the recent collapse of several heavy debtors of Wells. The firm of Friedman & Co., dealers in

4. June 28, 1893 New-York Tribune New York, NY

Article from New-York Tribune, June 28, 1893

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BANK TROUBLES IN VARIOUS CITIES. Buffalo, June 27 (Special).-The first failure among Buffalo banks, in the present panic, is likely to be the last Considerable anxiety was felt about the situation here before the banks opened this morning, but in not one of them were the withdrawals unusually large. The action of the Buffalo Bankers' Association in offering to issue unlimited clearinghouse loan certificates nipped in the bud the panic started by the failure of the Queen City Bank. The banks here hold combined assets of $30,000,000 and cash resources of $6,000,000. The feeling among business men here to-day is more confident than at any time iu the last three weeks. Mr. Creed, the deputy superintendent of the bank, stated this afternoon that, so far as he has proceeded with his examination of Queen City Bank affairs, he knows of no reason why it should not resume business at an early day. Los Angeles, June 27.-The Broadway Bank opened Its doors this morning. The bank commissioners say the bank ought never to have closed. The University, First National and Southern California National are still closed. They will be opened in a few days. Confidence seems restored and the business outlook is improving Ashland, Ky., June 27.-The Second National Bank of this place closed its doors this morning. It is solvent. but was forced to suspend because of inability to realize on good paper. The depositors will all get their money. Seattle. June 27.-A special from Port Angeles says: "The First National Bank, of this city, closed its doors yesterday morning, after having been open thirty minutes. Two weeks ago the deposits of the bank were $127,000, and it was regarded as one of the safest in the State. From some cause a run began and continued until the deposits, including county funds, amounted to only about $85,000. Against this the bank announced its resources as $142,000. The bank will undoubtedly resume business in a short time.

5. June 28, 1893 The Evening Herald Shenandoah, PA

Article from The Evening Herald, June 28, 1893

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A Kentucky Bank Closes. ASHLAND, Ky., June 28. -The Second National Bank of this place has closed its doors. It is solvent, but was forced to suspend because of inability to realize on good paper. The depositors will all get their money,

6. June 28, 1893 The Roanoke Times Roanoke, VA

Article from The Roanoke Times, June 28, 1893

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More Bank Troubles. ASHLAND, Ky.. June 27.-The Second National Bank, of this place, closed its doors this morning. It is solvent but was forced to suspend because of its inability to realize on good papers. Depositors will get all their money.

7. June 28, 1893 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, June 28, 1893

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New York Cloak House in the Hands of the Sheriff. CHICAGO, June 27.-Goldman Bros., cloak manufacturers, have become financially embarrassed, and the sheriff has taken possession of their place of business. They have been in business many years, and their house is one of the oldest in the cloak line in this city. A few months ago they claimed to be worth $200,000, of which about $125,000 was invested in the business and the balance being in real estate and securities. In the trade the failure is attributed to dull business-and tight money. The liabilities are said to be about $75,000. CHICAGO, June 27.-The Illinois Fuel company confessed judgment this afternoon for $43.987. The company owns mines in Sangamon county, and has $150,000 worth of assets against $100.000 liabilities. The Columbian Excursion company, the lessee of three hotels in the world's fair district, the Everett, the Costello and the Boston, assigned today. The liabilities are $30,000; assets considerably more. The company has a number of contracts, the assignee said, with parties of visitors from the East, who have delayed their coming. NEW YORK, June 27. - -L. Banel, coffee broker, has notified the coffee exchange of his inability to meet his obligations. ASHLAND, Ky., June 27. - The Second National bank of this place closed its doors this morning. It is solvent, but was forced to suspend because of into realize on paper. The ability will all good their monev. depositors get CINCINNATI, June 27.-The firm of Rennkamp Bros., manufacturers of furniture at 225, 227 and 229 Clinton street, made an assignment this morning. The assets are $100,000 and liabilities $40,000. PORT ANGELES, Wash., June 27.The First National bank of this city closed its doors yesterday morning, after being open thirty minutes. The bank will undoubtedly resuire business in a short time. The management have the entire confidence of the people of this city. TOLEDO, O., June 27.-The Toledo Spice company, of this city, made apfor the plication appointment The liabilities of a receiver this afternoon. amount to over $40,000; assets unknown. CINCINNATI, June 27.-Rennekamp Bros., manufacturers of furniture on Clinton street, assigned today. Liabili4 ties, $40,000; assets, $100.000. CHICAGO, June 27.-Rinna A. Wells, a wholesale lumber dealer, made an assignment today. The liabilities are not known, but it is said his estate will amount to more than $25,000. INDIANAPOLIS, June 7.-The D.E. Stone Furniture company assigned today. Liabilities, $45,000; aseets, $40,000.

8. June 29, 1893 The Stark County Democrat Canton, OH

Article from The Stark County Democrat, June 29, 1893

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Bank Failure in Kentucky. ASHLAND, Ky., June 28.-The Second National bank of this place has closed its doors. It is solvent, but was forced to suspend because of inability to realize on good paper. The depositors will get all their Bioney.

9. July 7, 1893 The Iola Register Iola, KS

Article from The Iola Register, July 7, 1893

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THE SOUTH. A BIG strike of coal miners in Alabama is threatened, ONE death has occurred from yellow fever on the Satilla river in Georgia, and every precaution has been taken to prevent its spread. THE 27th was the fifth day of a severe hot spell at New Orleans. There were eight prostrations from heat, three proving fatal. THE Second National bank of Ashland, Ky., closed its doors. It is solvent. but was forced to suspend because of inability to realize on good paper. THE Atlanta, Ga., chamber of commerce has petitioned the president to call congress together immediately to discuss the finances. NEAR Breckenridge, Tex., masked men attempted to rob a San Antonio & Aransas Pass train. Fireman Martin was shot to death. One of the robbers was captured by the fearless conductor. AT Atlanta, Ga., Miss Julia Force was declared not guilty of the murder of her two sisters, Miss Florence and Miss Minnie Force. This result was reached under the conviction that Miss Julia Force was a monomaniac on the subject of her ill-treatment by her family. She now goes free, as she has not been lawfully declared a lunatic. REV. JOSEPH B. CHESHIRE, JR., rector at Charlotte, N. C., was elected assistant bishop of the Protestant Episcopal church for the diocese of North Carolina. J. D. MAY, the Texas train robber, has made a full confession. W. A. PINKNEY and Daniel Barber were executed at Marlborough, Md., recently for the murder of Francis M. Bowie, a wealthy farmer of Prince George county, on the evening of March 26 last

10. July 8, 1893 The Cape Girardeau Democrat Cape Girardeau, MO

Article from The Cape Girardeau Democrat, July 8, 1893

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WEST AND SOUTH. AT Lebanon, Ind., William Ransdell was bitten by a tarantula while handling bananas. In the bunch of bananas a banch of 200 young tarantulas was found. Ransdell may recover. THE state liquor dispensary of South Carolina has begun business and all I saloons would soon be closed. THE Savings bank at Fresno, Cal., and the Bank of Commerce at San Diego, Cal., which suspended recently, have resumed business. ON a bicycle H. H. Wyllie made the 1.000 miles from New York to Chicago in ten days and four hours. BERRY won the cowboy race to Chicago which was begun at Chadron, Neb. June 13, making the 1,040 miles in 13 days, 15 hours and 35 minutes-an average of 77 miles daily. WHILE attempting to escape from the prison at Folsom. Cal., three convicts were shot dead by guards. AT Edinburg, III., G. P. Harrington, a private banker. failed for $200,000. THE American exchange bank of Minneapolis, Minn., and the Second national bank of Ashland, Ky., closed their doors. THE failure was reported of the Bedford (Ind.) Stone Quarries company, the largest producers of oolitic limestone in the world. IN Chicago the Illinois Fuel company, with assets of $150,000 and liabilities of $100,000, has been driven to the wall. THE monetary stringency caused the assignment in Cincinnati of Bennekamp Brothers, furniture manufacturers, and the Louis Snyder's Sons Paper company. A TRAIN struck a buggy in which were Mrs. Inholsen and three children in Chicago and two of the children were killed and the other fatally injured. THE lives of Mrs. Catherine Neumann and her three children, aged 20, 15 and 12 years respectively, were lost in flames that destroyed their home in Saginaw, Mich. JOHN HUDSON died near Battle Creek, Mich., aged 101 years. AT Oakley, Kan., a tornado destroyed thousands of dollars' worth of property. A strip of country 1 mile wide and 6 miles long was swept clean. every building in its path being torn into kindling wood. FIRE wiped out the business portion of Union City, Ind. BECAUSE she refused to live with him, Jacob Lyons, a farmer at Ottawa. O., fatally shot his wife and then killed himself. IN state convention at Cleveland the Ohio prohibitionists nominated the following ticket: For governor, Rev. Gideon P. Machlin, of Germantown: lieutenant governor, S. H. Ellis, of Warren county: treasurer, Abram Ludlow, of Springfield; attorney general, S. E. Young, of Portage; supreme court judge, J. A. Gallagher, of Bellaire. The platform adopted favors absolute destruction of the liquor traffic, indorses woman suffrage, the granting of liberal pensions, the revision of the immigration laws and the election of president and United States senators by direct vote of the people. ON trial at Atlanta, Ga.. for the murder of her two sisters Julia Force was declared not guilty and will be confined in an insane asylum. FLAMES swept away the principal part of the town of Lexington. O. T., and two men perished in the flames. AT Fairfield, Ia., Charles Wilson shot his wife fatally and then fatally shot himself. Domestic trouble was the cause. THE cabinet of the Epworth league of the United States adopted a resolution at a meeting in Cleveland which instructs the withdrawal of the league's exhibit at the world's fair because of Sunday opening.

11. July 17, 1893 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM

Article from Santa Fe Daily New Mexican, July 17, 1893

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WASHINGTON TELEGRAPHIC NOTES. A case of yellow fever is reported at Gulf quarantine station, Chandler island, Miss. Congressman Springer denies that he is to be let out of the chairmanship of the ways and means committee on account of failing health. Col. Fred Grant, late minister to Austria, is in Washington. He says that country is very prosperous, with a good big surplus in the treasury. About 2,560 pensioners have been suspended under Secretary Hoke Smith's ruling, requiring beneficiaries of the act of June 27, 1890 to prove total disability. Each one has 60 days to produce proof. The treasury department has decided that un der the section of the tariff law which provides that if the value of goods exceeds the value declared in the entry more than 40 per cent, fraud may be presumed and the goods seized by the collector. Comptroller of the Currency Eckels has authorized the First National bank of Los Angeles, Cal., the National bank of Commerce of Provo Utah, and the Second National bank of Ashland, Ky., to resume business. The government will not interfore in the Franco-Siamese trouble, as American interests in Siam are very slight. There are however, about 20 missionaries, principally Presbyterians, in Siam, and the Presbyterian mission board has asked that they be protected.

12. July 19, 1893 The Star Reynoldsville, PA

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LATER NEWS WAIFS. FINANCIAL AND COMMERCIAL The Chicago Chemical National Bank has resumed business. The $400,000 assessment required by the comptroller has been raised. The National Bank of Kansas City suspended payment and is now in the hands of Comptroller of the Currency. The Comptroller of the Currency at Washington has authorized the First National Bank of Commerce of Frovo, Utah, and the Second National Bank of Ashland, Ky., to resume business. All these banks have plenty of money, none of which was borrowed. but obtained by the collection of amounts due on notes or supplies by the directors.

13. July 19, 1893 The Indiana State Sentinel Indianapolis, IN

Article from The Indiana State Sentinel, July 19, 1893

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MISCELLANEOUS NEWS ITEMS. War is imminent in Samoa. The Ludlow shoe company of Chicago made an assignment. The Bon Ton foundry company, Chicago, assigned. Assets, $175,000; liabilities, $200,000. Receivers were appointed for the John Kauffman brewery at Cincinnati. Assets, $600,000; liabilties, $150,000. Emil Ables, manufacturing furrier, New York, made an assignment to George Fragner without preferences. Chancellor Von Caprivi is confined to his residence by inflamed veins. He hopes to appear in the reichstag today. The Uruguay congress has made an appropriation of an additional $10,000 for the exhibit of Uruguay at the world's fair. Eighty-five cases of cholera are reported in the hospital at Alexandria, Egypt. Forty deaths from the disease have occurred. The private bank of Hay & Webb of Carmi, III., has made an assignment. The assets are about $215,000; liabilities about $180,000. At London Mrs. Bancroft, the wellknown actress, was thrown from a cab and run over. She received injuries that necessitated her removal to a hospital. Lord Coleridge, lord chief justice of England, whose sudden illness at the Newcastle assizes necessitated the adjournment of the court, has entirely recovered. The court martial that will try the officers of the British Mediterranean squadron on the charge of partial responsibility for the Victoria disaster will open in Valetta, Malta, July 17. The report from Caddo, I. T., published to the effect that Governor Jones had stated that Choctaws under sentence of death for murder would surely be shot is discredited at the interior department. The comptroller of the currency authorized the First national bank of Los Angeles, Cal., the National bank of commerce of Provo, Utah, and the Second national bank of Ashland, Ky., to resume business. There will be no more ship building at the yard of Samuel L. Moores' Sons at Elizabeth, N. J. The firm began business three years ago. Their most notable achievement was the building of the cruiser Bancroft. The Hon. Thomas F. Bayard, American ambassador to Great Britain, and Mrs. Bayard will attend the closing state ball. This function was to have been held some time ago, but was postponed in consequence of the disaster to the battleship Victoria. Col. W. L. Washington of Nashville, Tenn., called at New York police headquarters and reported that he had been robbed of a valuable gold watch and chain by a plausible, smooth faced young man to whom he had taken a liking the preceding night. M. Loze, ex-prefect of police, who tendered his resignation on the ground that the government intended to make a scapegoat of him in connection with the rioting at Paris, has received a semiofficial notification that he is to be appointed French ambassador to Austria. The dead body of Deputy Sheriff John W. Thomas of Mobile county was found yesterday in the village of Whistler, Ala. He had four bullet wounds on his body and his skull was crushed. The crime was traced to Gilbert J. Deace and John Ryan, two engineers whom Thomas had arrested.

14. July 20, 1893 Barton County Democrat Great Bend, KS

Article from Barton County Democrat, July 20, 1893

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preaged themselves to go out and thus support the Kansas strikers. SEVENTY-FIVE hussars in the garrison of Posen, Germany, have been suddenly taken ill. A diagnosis had not been made, but cholera was feared. THE biggest mill in Pittsburgh, Pa., has signed both the iron and steel wage scale of the Amalgamated association. PRELIMINARY work to the opening of the Cherokee strip is well under way. ALBERT FIXTER, who was digging a well near Grand Detour, Ill., when down thirty feet had the earth cave down on him. After being buried eight hours he was rescued alive. A flagstone had lodged above his head and supported the dirt. THE Alton railroad has arranged to take all its employes and their families to the world's fair in relays of train loads. THE Michigan board of health and the Duluth, South Shore & Atlantic are at war over the road's refusal to comply with sanitary regulations. STURGIS T. DICK, a banker of Meadville, Pa., committed suicide while there was a run on his bank. CLEARING house returns for the week ended July 13 showed an average decrease of 12.5 compared with the corresponding week of last year. In New York the decrease was 11.2; outside, 14.2. PRESIDENT WARNER MILLER, of the Nicaraguan Canal Co., denies the report that work has been suspended for lack of funds. Two men who were engaged in a fight on the New Haven railroad were run over and instantly killed by an express train. BUSH & TABOR, of the Brown Palace hotel and the Hotel Metropole, Denver, Col., have assigned. Assets, $2,220,000; liabilities, $600,000. THERE was a tornado at Stillwater and other parts of Minnesota on the 14th. Two men were killed and several injured. THE world's fair directors by a decisive vote decided that the fair will no longer be kept open on Sundays. P. J. GALLAGHER, whose testimony in the Homestead poisoning case sent Hugh Dempsey to the penitentiary, now says that his story was untrue. THE financial situation in New York city and throughout the east is reported to be improving daily. TWENTY-FIVE hundred pensioners have already been suspended since Hoke Smith's famous order went into effect. SECRETARY HERBERT has authorized the preliminary acceptance of the cruiser Detroit. THE Buckeye Cycle Co., of Cincinnati, failed. Assets, $81,000; liabilities, $50,000. ONE death from yellow fever occurred on board a vessel in New York harbor. The vessel was lately from Cienfuegos. THE St. Louis Lumber Co. has assigned. Assets, $40,000; liabilities about the same. FIRE destroyed 1,000,000 feet of lumber in Taber & Co.'s yards, at Dubuque, Ia. Loss, $25,000; fully insured. THE long lockout of the lumbershov< ers at Tonawanda, N. Y., has at last been broken and the men will return to work as individuals. ALOES A. LOUP and wife, of St. John Baptist parish, La., were taken from their home and horribly whipped by white caps. Both were fearfully lacerated. ALEXANDER McCook, brigadier-general of the new military department of Colorado, Utah, Arizona and New Mexico, has arrived at Denver for the purpose of establishing the headquarters of the department. AT Baltimore application was made for a receiver of the Equitable League of America, a seven year term order, and an injunction to restrain officers from collecting assessments was granted and hearing set for September 5. COMPTROLLER OF THE CURRENCY ECKELS has authorized the First national bank, of Los Angeles, Cal., the National Bank of Commerce, of Provo, U.T., and the Second national bank, of Ashland, Ky., to resume business. All these banks have resumed with plenty of money, none of which was borrowed, but obtained by the collection of amounts due on notes or supplied by the directors.

15. July 21, 1893 The Kinsley Graphic Kinsley, KS

Article from The Kinsley Graphic, July 21, 1893

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THE WORLD AT LARGE. Summary of the Daily News WASHINGTON NOTES. POSTMASTER-GENERAL BISSELL has decided to do away with the different sizes of postal cards and to have them of uniform size in future. SECRETARY HERBERT has accepted the resignation, because of ill health, of Com. Wilson, as chief constructor of the navy, and appointed Constructor Philip Hichborn to succeed him. THE comptroller of the currency has issued a call for a report on the condition of national banks at the close of business July 12. This, the comptroller says, is one of the regular five annual calls. IT is practically certain that the president will be allowed to dictate who shall be chairman of the ways and means commfittee and that it will not be Springer. PRELIMINARY work to the opening of the Cherokee strip is well under way. THE gold reserve in the treasury has increased $206,000 and now stands at $98,093,141. But on the other hand the currency has decreased from $27,353,881 to $26,904,780 in the same time. THE chief of the bureau of statistics reports that the total value of the exports of beef and hog products from the United States during the month of June, 1893, was $10,098,837. POSTMASTER-GENERAL BISSELL has decided to abandon three sizes of the postal cards now in use. REPRESENTATIVE FITHIAN will introduce his free ship bill again at the next session of congress. TWENTY-FIVE hundred pensioners have already been suspended since Hoke Smith's famous order went into effect. SECRETARY HERBERT has authorized the preliminary acceptance of the cruiser Detroit. COMPTROLLER OF THE CURRENCY ECKELS has authorized the First national bank of Los Angeles, Cal., the National Bank of Commerce, of Provo, U.T., and the Second national bank, of Ashland, Ky., to resume business. All these banks have resumed with plenty of money, none of which was borrowed, but obtained by the collection of amounts due on notes or supplied by the directors. SPECIAL INSPECTOR SWINFORD declares that the Cherokee strip will be opened to settlement not later than September 10. SENATOR TELLER, of Colorado, declares that it is the veriest rot to ascribe the present financial stringency to the workings of the Sherman law. THERE is a fund of $13,000,000, amassed by sales of cotton seized during the late war, lying idle at Washington. AN order has been issued by the war department increasing the number of honor graduates from the Leavenworth military school from three to five.

16. July 22, 1893 Baxter Springs News Baxter Springs, KS

Article from Baxter Springs News, July 22, 1893

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THE WORLD AT LARGE. Summary of the Daily News. WASHINGTON NOTES. THE gold reserve in the treasury has increased $206,000 and now stands at $98,093,141. But on the other hand the currency has decreased from $27,358,881 to $26,904,780 in the same time. THE chief of the bureau of statistics reports that the total value of the exports of beef and hog products from the United States during the month of June, 1893, was $10,098,837. POSTMASTER-GENERAL BISSELL has decided to abandon three sizes of the postal cards now in use. REPRESENTATIVE FITHIAN will introduce his free ship bill again at the next session of congress. TWENTY-FIVE hundred pensioners have already been suspended since Hoke Smith's famous order went into effect. SECRETARY HERBERT has authorized the preliminary acceptance of the cruiser Detroit. COMPTROLLER OF THE CURRENCY ECKELS has authorized the First national bank of Los Angeles, Cal., the National Bank of Commerce, of Provo. U.T., and the Second national bank. of Ashland, Ky., to resume business. All these banks have resumed with plenty of money, none of which was borrowed, but obtained by the collection of amounts due on notes or supplied by the directors. SPECIAL INSPECTOR SWINFORD declares that the Cherokee strip will be opened to settlement not later than September 10. SENATOR TELLER, of Colorado, declares that it is the veriest rot to ascribe the present financial stringency to the workings of the Sherman law. THERE is a fund of $13,000,000, amassed by sales of cotton seized during the late war, lying idle at Washington. AN order has been issued by the war department increasing the number of honor graduates from the Leavenworth military school from three to five. THE decision of the government that persons who were on the Cherokee strip since March 2. 1889, have forfeited all claims to right of settlement will stir up much trouble.

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

Article from The Middleburgh Post, July 27, 1893

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Financial and Commercial. ADA, O.-The Citizens' Bank the most prominent in Hardin county, has failed. MADISON. Isp.-The Carrollton Woolen Mill Co., has assigned with liabilities of $7.000. The Nashville, Chattanooga and St. Louis Railway Company has declared a dividend of 14 per cent., payable August 1. The McNamara Dry Goods Company, of Chicago has suspended. It was among the largest houses of its kind in the West. POMONA, CAL-The People's Bank has re. opened with plenty of coin. Only #4 were drawn out the first hour, Deposits were liberal. PARKER, KAN.-The State Bank has failed. STERLIN, CoL-The Bank of Sterlin has assigned. BUZEMAN, Mosr -The Bozeman National Bank has closed. YATES CENTER, KAN.-The Woodson State Bank has'suspended. HUTCHINSON, KAN.-The Hutchinson National Bank has closed its doors. ASPEN. CoL-The J. B. Wheeler Banking Company and the Pioneer Bank have failed OKLAHOMA City-The Bank of Oklahoma City and the Oklahoma National Bank have succumbed to runs and failed. FORT SCOTT, KAN.-The First National Bank the oldest financial institution in Southeastern Kansas suspended payment. ASHLAND, KY.-The Second National Bank which suspended three weeks ago. resumed business Thursday. CHICAGO.-The Chemical National bank will not resume business. The reasons given are the stringency of the money marketand the inability of some stockholders to meet the assessments which would be levied up. on them if the bank resumed. KANSAS CITY, KAN.-The Citizens bank, the Bank of Richmond and the Farmers and Merchants bank at Ossawattomie, also of Kansas, all private institutions, closed their doors. HAREISONVILLE, Mo.-The First National Bank of Harrisonville, suspended payment and is in the hands of the Comptroller of the Currency, NASHUA, N. H.-The Security Trust Comrany closed its doors. It promises to pay depositors in full. ANTHONY. KAS.-The First National Bank and the First National Bank of Calago City, Col., have suspended. THE Bank of Bellville, Republic county, Kan., a private institution with $20,000 capital, has failed. NATIONAL bank examiners have recommended to the Comptroller that the First National Ban 1 of San Bernardino, Cal., which recently failed. be allowed to reopen at once, its affairs being in good condition. New YORK-Charles M. Preston, state bank examiner, reports the banks of this state to be in a good condition generally and be anticipates no failures.

18. July 28, 1893 The Times Owosso, MI

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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

19. July 29, 1893 New-York Tribune New York, NY

Article from New-York Tribune, July 29, 1893

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It is to be observed that in twenty-one States and Territories there have been no !ailures of National banks, viz: In Alaska, Arizona. Arkansas, Connecticut. Delaware, District of Columbia, Idabo, Indian Territory, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Nevada, New-Jersey, Pennsylvania. Rhode Island, South Carolina, Vermont, Virginia and West Virginia. It is further worthy of note that no National banks have failed in Boston, Brooklyn, Philadelphia, Pittsburg, Baltimore, Washington, Buffalo, Cincinnati. St. Louis, New-Orleans, San Francisco, Minneapolis, St. Pan! and numbers of other great commercial centres: and that but one has closed in New-York, two in Chicago. and one In Milwankee. The cause of the failures in NewYork and Chicago was due largely to mismanagement, as were numbers of others. Local scares have caused many of late to suspend. Nine of the banks failed were robbed by officials who are now under arrest. The following National banks have been authorIzed by the Controller of the Currency to resume business: Gate City National Bank, Atlanta, Ga.: First National Bank. Los Angeles, Cal.: First National Bank, San Diego, Cal.: First National Bank, Santa Ana, Cal.: First National Bank, San Bernardino, Cal.: Southern California National Bank, Los Angeles, Cal.: Merchants' National Bank. Fort Worth, Tex.: Second National Bank, Ashland, Ky.: Capital National Bank, Indianapolis.: First National Bank, Palouse City, Wash.: Washington National Bank, Spokane Falls, Wash.: National Bank of Commerce. Provo City, Utab: First National Bank. Cisco, Texas: Missouri National Bank, Kansas City, Mo. Many more will reopen, as the majority of those recently failed are absolutely solvent, and only closed through an unwarranted lack of confidence in them, causing disastrous runs. Resume: Number now in operation, 3,785: number failed since January 1, 1893. 105; number reopened, 14: number In hands of receivers, 33: number In hands of Bank Examiners, with application to Controller for resumption, 58.

20. August 29, 1893 Evening Star Washington, DC

Article from Evening Star, August 29, 1893

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BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000: First National Bank, Palouse city, Wash., $75,000; Southern California National Bank, Los Angeles, Cal., $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal. $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo. Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Denver, $500.000: Hutchinson National Bank, Hutchinson, Kan.. $100,000; People's National Bank, Denver, Col., $600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank. Greeley, Col., $50,000; Farmers' National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky. $300.000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000; Waxahachee National Bank, Waxahachee. Tex., $100,000; CitIzens' National Bank, Attica, Ind., $50,000; First National Bank. San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners with excellent prospects of early resumption, in addition to the 34 above named which have already resumed business.