Dime Savings Bank - Louisville, KY

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: February 3, 1894
Location: Louisville, Kentucky (38.254, -85.759)

Metadata

Model: gpt-5-mini
Short Digest: 30780c01

Response Measures

None

Description

Newspaper reports (Feb 3–4, 1894) state the Dime Savings Bank of Louisville closed and is solvent; stockholders decided to go out of business because capital was too small and it could not make money since the panic. No run is reported; closure appears voluntary leading to permanent shutdown.

Events (1)

1. February 3, 1894 Suspension

Cause: Voluntary Liquidation
Cause Details: Stockholders voted to close because capital was too small to make the business profitable; bank described as solvent but going out of existence voluntarily after the panic reduced earnings.
Newspaper Excerpt: Dime Savings Bank, of this city, closed its doors to-day. This action was decided upon at a meeting of the stockholders on Feb. 1...
Source: newspapers

Newspaper Articles (4)

1. February 4, 1894 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, February 4, 1894

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Article Text

ELECTRIC BRIEFS. The Dime Savings bank of Louisville, Ky., closed yesterday. The bank is solvent, and its only reason for going out of business is because its capital is too small for it to make money. Since the panic it has made little or nothing. The report sent out from New York that the Arlington Inn, near Fort Worth, Tex., is involved in H. B. Chamberlain's troubles in New York,and has been closed, is incorrect. The hotel is in no way involved, and Chamberlain has nothing to do with it. The sundry civil appropriation bill has been reported to the house. It is $22,291,382 for the fiscal year 1895. The bill for 1894 carried $9,500,000 more than the bill for this year. The authorities at Naples, Italy, have seized documents which prove that an international plot against the government has existed ever since the troubles began. Three thousand arrests have been made in Italy since the beginning of the riots. William L. Wilson, chairman of the executive committee of the National association of Democratic clubs, has called a meeting to be held in Washington on Feb. 8. Mr. Wilson states that the meeting will be a very important one, and insists that every member shall be present. Michael Dike, a Hungarian, has been arrested at Sugar Notch, Pa., charged with poisoning Michael Malachi and his wife and three children. Dike boarded with Malachi, who ordered him to leave the house for insulting the latter's wife. Shortly afterwards the Malachi family was poisoned with paris green. The father and mother will recover, but the children are in a critical condition. When about to be arrested Dike stabbed himself in the abdomen, inflicting a serious wound. Minister Thurston, who is in Washington, is inclined to discredit the report from San Francisco that President Dole of the provisional government would be forced to resign his position an account of ill health. President Dole's health was not good, said Minister Thurston, but his illness was not of a nature to force his resignation. At the first meeting of the commission appointed to inquire into the charges that the French navy is in a state of gross inefficiency. and that the coast of France is practically defenseless in case of war with any maritime power, Admiral Gervais insulted two members of the commission. It is announced that the minister of marine has decided to supplant Admiral Gervais as a member of the committee by the next admiral in command. As the result of the cold in the Cancasus eighteen men were overtaken and devoured by wolves near Friven. Phillip Martin, a negro murderer who was to be hanged at Kansas City yesterday, has been granted a respite until his case has been decided by the supreme court. It has not been determined when the case will be taken before that court.

2. February 4, 1894 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, February 4, 1894

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Article Text

Dime Savings Bank Closed. LOUISVILLE. Feb. 3.-The Dime Savings Bank, of this city, closed its doors to-day. This action was decided upon at a meeting of the stockholders on Feb. 1. but tue affair was kept quiet until to-day. The bank is perfectly solvent, and its only reason for going out of existence is because its capital is too small for It to make money and since the panic it has made little or nothing. The bank was started in July, 1890.

3. February 14, 1894 Barbour County Index Medicine Lodge, KS

Article from Barbour County Index, February 14, 1894

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to items it give that any feel bound care and to trouble the fact can obtain show what just er cost fore under their with lung medicineach to suffer without Dr. provest Amick knows be sufficient person they of the will do for conclusiwill result to the Minco Minstrel prospected ed in the Wichita there. An old and says miner writes that mountains he has and there the announces of Mr. on death 1. Mr. February vice at British council is The mineral Londonernard Times Pauncefot Pauncefot Nantes, was the at his which death place occurred. of The unThe have Rague police of bank forgery enormous the notes. men, earthed Eight an including a man have named Krause, to the of been value Notes leader have been 227,000 seized. guiders the (0.) entered Despler on the Bank blew open night, Burglarder safe with and with in gotaway and The $300 $1,200 gold in tore $500 insilve money paper explosion this obthey Besides beand tained stamps to the longing bank into fragments $11,000 in Despler cash postoffice. of Louisville, Ky., The bank and its because is tal The Dime closed Savings Saturday. only reason its for capi- gotoo money it the Since panic is ing solvent, out of small business for it is has to make made little or that is Tex., in lain's nothing. report sent Inn. out near from B. Fort Texas Chamb Worth, has troubles is The incorrect. the The Arlington involved New in H. York, and hotel is and Chamberlain nothing been in no way in to do with it. reattempted Ohio cently was has Fred to Gerding, hold up who a to ou express Clinton, train, Tenn., and His accomplice. the officers at prison for two was years. killed at by the time. at Will Smith, the train from the revhave enues, who Serious were authorities resulting Mangoldia, collect on frontier. tempt of the occurred police fired offic- on ers and The resisting the Reinhave to places the the mob Siam killed which thirteen was been persons, sent to both forcements preserve order. In the with Hill famous connection to up come again at court Kan., was man in the insurance United States in case, April, supreme the companies attorneys alive now up he that for Topeka the Life while Insurance they have learned foreign claim to the that, has last trial, since died in a outcountry. accordance with the the program Harrison on In meeting of in Chicago local and lined at a compange a will Thursday Telephone in it St. has Joseph, telephone Mo., granted system company complete has been Consimilar there. put franchise in a The company by the made city council. with organized in nections a which will be will be systems neighboring towns. inaugurated in pneumatic Chicago of system There was undergroundsmission and Thursday an for the to newspapers news from tube "copy the and telegraph The telegramors artission system will of telegrams also offices be used agencies. for the hotels and The local city district messenger Jackson, from to the the main offices offices. will also use has the system arrived exploThe explorer, England, after a in short the Arctic He at Hull of Waigatz island of Trondhje. Franz ration ocean 800 miles north to proceed push to north said he intended in July and at convenient Josef leaving Land food depots in order to opinion admit Franz ward, distances behind He 15 of the Josef Land to of that his receeding encounter retreat. from a huge continent. congress he Many will petitions against are laws books. sent that are ala has ready protesting on the statute Hungarian, Pa, at Michael been with three who Michael arrested Dike, poisoning Sugar Notch, children. Ma or and his with for incharged lachi boarded wife and the Malachi, house Shortly af Dike him to leave wife. were dered latter's Malachi family father sulting terwards the with the paris green. but The the When chilpoisoned will recover, condition. and mother a critical Dike stabbed a serious himself wound. dren about are to in in be the arrested abdomen, inflicting of Wilson's Four hundred at Trenton, operatives work J., when have woolen 3 mills back to is started. The decided not to go of the closed mill for reduc- some the machinery mills have been the shutdown was a made. Tuesday time. of Before 10 percent in start wages the reduction mill last of tion It was proposed with a to further 19 per cent. have Italy, The authorities of which Naples, prove the govern- that an gan. in been seized internation documents tional plot since against the arrests troubles have bemade riots. ment has Three thousand Italy since the begin-

4. February 16, 1894 People's Voice Wellington, KS

Article from People's Voice, February 16, 1894

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Minstrel and says that he has prospected in the Wichita mountains and there is mineral there. The London Times announces the death of Mr. Bernard Pauncefote on February 1. Mr. Pauncefote was the British vice council at Nantes, at which place his death occurred. The police of The Rague have unearthed an enormous forgery of bank notes. Eight men, including the leader, a man 'named Krause, ha-e been arrested. Notes to the value of 227,000 guilders have been seized. Burglars entered the Despler (0.) Bank on Tuesday night, blew open the safe with dynamite and got away with $1,200 in gold and $300 in silver. The explosion tore $500 in paper money into fragments. Besides this they obtained $1,000 in cash and stamps belonging to the Despler postoffice. The Dime Savings bank of Louisville, Ky., closed Saturday. The bank is solvent, and its only reason for going out of business is because its capital is too small for it to make money Since the panic it has made little or nothing. The report sent out from Texas that the Arlington Ina, near Fort Worth, Tex., is involved in H. B. Chamberlain's troubles in New York, and has been closed, is incorrect. The hotel is in no way involved, and Chamberlain has nothing to do with it. Fred Gerding, who attempted recently to hold up a Knoxville & Ohio express train. was Thursday convicted at Clinton, Tenn., and sentenced to prison for two years. His accomplice, Will Smith, was killed by the officers who were on the train at the time. Serious riots, resulting from the attempt of the authorities to collect revenues, have occurred in Mangoldia, on the Siam frontier. The police fired on the mob which was resisting the officers and killed thirteen persons, Rein forcements have been sent to both places to preserve order. In connection with the famous Hillman insurance case, to come up again in the United States supreme court at Topeka, Kan., in April, the attorneys for the Life Insurance companies now claim that, while Hillman was alive up to the last trial, they have learned that he has since died in a foreign country. In accordance with the program outlined at a meeting of the Harrison Telephone company in Chicago on Thursday, it has organized a local company in St. Joseph, Mo., and will put in a complete telephone system there. The company has been granted a franchise by the city council. Connections will be made with similar systems which will be organized in neighboring towns. There was inangurated in Chicago Thursday an underground pneumatic tube system for the transmission of "copy" and telegrams to newspapers from the telegraph offices and news agencies. The system will also be used for the transmission of telegrams from the hotels and local city officer to the main offices. The district messenger offices will also use the system The explorer, Jackson, has arrived at Hull England, after a short exploration of Waigatz island in the Arctic ocean 800 miles north of Trondhje. He said he intended to proceed to Franz Josef Land in July and push northward, leaving food depots at convenient distances behind in order to admit, of his retreat. He is of the opinion that proceeding from Franz Josef Land he will encounter a huge continent. Many petitions are sent to congress protesting against laws that are already on the statute books. Michael Dike, a Hungarian, has been arrested at Sugar Notch, Pa,, charged with poisoning Michael Malachi and his wife and three children. Dike, with M.