7304. Fourth National Bank (Louisville, KY)

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: national
Bank ID: 2784
Charter Number: 2784
Start Date: July 25, 1893
Location: Louisville, Kentucky (38.254, -85.759)

Metadata

Model: gpt-5-mini
Short Digest: a9c1b2b3

Response Measures

Full suspension, Books examined

Other: Bank complied with Comptroller conditions to reopen; Louisville Clearing House issued certificate plan to assist banks.

Description

Multiple contemporaneous articles report heavy withdrawals/runs on Louisville banks on July 25, 1893; the Fourth National suspended that day and subsequently was permitted to reopen after meeting Comptroller conditions (permission reported Aug 23, 1893; local papers note reopening in late August/early September). Cause was the panic triggered by other local bank failures and withdrawals by country banks.

Events (5)

1. September 26, 1882 Chartered

Source: historical_nic

2. July 25, 1893 Run

Cause: Local Banks
Cause Details: Heavy withdrawals and a drain from country banks—panic from failures/suspensions of other Louisville banks precipitated depositor runs on the Fourth National.
Measures: Bank closed doors / suspended payments; officers assured depositors they would be paid if given time to realize on assets.
Newspaper Excerpt: A run during the day, with a drain from the country banks, caused the suspension.
Source: newspapers

3. July 25, 1893 Suspension

Cause: Local Banks
Cause Details: Suspension resulted from the run and drain of deposits caused by the panic and failures of other local banks (Merchants' National, Louisville Deposit, etc.).
Newspaper Excerpt: The Fourth National bank suspended today. ... The Fourth National bank threw up the sponge yesterday afternoon after a hard fight.
Source: newspapers

4. August 23, 1893 Reopening

Newspaper Excerpt: The Fourth National Bank of Louisville ... having complied with the conditions imposed upon it by the Comptroller of the Currency ... was permitted to-day to reopen its doors for business.
Source: newspapers

5. June 2, 1894 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (25)

1. July 25, 1893 The Evening World New York, NY

Article from The Evening World, July 25, 1893

Click image to open full size in new tab

Article Text

STILL THE BANKS GO. Two Close Their Doors To-Day in Indianapolis. Three More Suspensions Are Announced in Louisville. And the M iwaukee Marine and Fire Bank Goes to the Wall. INDIANAPOLIS. Ind., July 25-The Indianapolis National Bank failed to open Its doors this morning. The Bank of Commerce did not open this morning The Indianapolis National va. the dea ignated depository of the United States Its capital was $300,000. No statement has been made 11.4 to 110 condition. except that the faiture 1. to $1,201,000. For some days rumors have been CUT rent to the effect that the bank was : trouble, and those rumors have had ... . effect of starting a quiet non upon . which. quiet though it was. has tepleted the bank's funds, and finally made nec essary the action of to-day. The management 114 not sufficiently realize the extent of the talk concern ing the bank,and did not make timely preparation for the worst. The Bank of Commerce has not been one of large deposits. and its failure will not have much effect on the local money market. Its indebtedness is said to be only $150,000 The suspensions caused considerable excitement on the streets. and at this hour (10.30) a heavy run is being made on the Indiana National. LOUISVILLE, Ky., July 25.-This will prove a memorable day in the financial history of Louisville. As 10 o'clock this morning the Merchants' National Bank posted H notice of suspension. and half an hour later the failure of the Louisville Deposit Bank was announced. By this time half a dozen banks in the city were being run by depositors mostly small ones They all stood the pressure except one-the Fourth Nation al-which closed its doors in the Board of Trade Building at 10 o'clock. At that time the excitement was run ning high, and every one of half n dozer banks was crowded with depositors who were in line waiting their turr with the paying teller. The first failure of the present crisis was that of the Kentucky Nationa Bank, Saturday. Then came the Louis ville City National Bank Monday, after the intervention of P Sunday holiday

2. July 26, 1893 The Breckenridge News Hardinsburg, Cloverport, KY

Article from The Breckenridge News, July 26, 1893

Click image to open full size in new tab

Article Text

GONE UNDER. THE KENTUCKY NATIONAL AID THE LOUISVILLE CITY NAT IONAL CLOSE THEIR DOORS. Uneasy Depositors Make a Ruh and The Banks Go Out of Business. THE OLD BRECKINRIDGE SAFE Last Saturday morning the Kentucky National Bank, of Louisville, closed its doors and suspended businsss. This did not create a great surprise in financial circles, as it had been known for some time that the bank was in straightene circumstances. The failure, however created an uneasiness among depositors in other banks, and on Monday there was such a rush made on the Louisville City National, which was also known to be hovering between life and death, that it was forced to suspend payment at 1:30 o'clock in the afternoon. This, of course, created some excitement, coming, as it did, right on the heels of the Kentucky National's failure. A wild rumor was in circulation over in Tobin's Bottom yesterday that the Breckinridge Bank, of this city, had been caught for a considerable amount by the fa lure of the Kentucky National and this we wish to correct. A News man in conversation with a prominest official of the Breckinridge Bank yesterday learned that this bank was in m way connected with the unfortunate Louisville banks, and had lost nothing by their suspension. The Br. ckinridge Bank has done no business with then for years and was in no shape to be caught. The patrons of the Breckinridge Bank need suffer no uneasiness, for it is on a safe footing. It has plenty of money and is well able to pay every cent of its liabilities at a moments notice. LATER. Business was hardly opened yesterday morning till two other Louisville banks were forced to close their doors. These were the Louisville Deposit Bank and the Merchant's National Bank. Their suspension was caused by a rush of depositors, demanding their money. STILL LATER. The Fourth National Bank, of Louis ville, shut up shop yeste rday afternoon, and great excitement is prevailing.

3. July 26, 1893 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, July 26, 1893

Click image to open full size in new tab

Article Text

The Deposit Bank was not a member of the clearing house. It was organized just before the Baring failure and naturally its career has been a stormy one. It determined to have business; went for it, and in a little while it secured a handsome deposit. Cashier Obligschlager said to a reporter that the bank was abundantly able to meet its liabilities if it could realize on its assets, and he assures the depositors that they will lose nothing. President Davis, of the Fourth National, was seen just after the closing of the doors. "All the information we have to give out at this time," he said, "is that no one will lose a mili by our suspension." President Lindenberger, of the Merchants' National, said: "The bank is abundantly solvent and there 18 no sort of doubt that the depositors will be paid in full. It is my judg. ment, from a calm view of the prospect as now presented, that the stockholders will receive the face value of their shares," The Merchants' National Bank, of Louis ville, was organized as a national bank on July 5, 1874, succeeding the Merchants' Bank of Kentucky, which had been operating under a charter from the State since Sept. 1, 1860. The Fourth National was organized in 1883. Shortly after the assign. ment of his bank President Moses Sch wartz filed an individual assignment in the county clerk's office to the same assignee, the Germania Safety Vault and Trust Company. All his personal assets are given over into the hands of the assignee. A heavy run started on the German Bank this afternoon and continued up to 3 o'clock. The bank has over a half-million in cash and $150,000 worth of securities which can be turned into money at a moment's notice. Several of the banks kept open until 6 o'clock. No meeting of the clearing house has been called to consider the situation. The Sweetwood Distillery Company also made an assignment by its president, Moses Schwartz. at 12:45 o'clock this afternoon to the Germania Safety Vault and Trust ComDany. Mr. Sch wartz could not say what the liabilities amounted to, and felt too bad to talk about the matter. Jake Schwartz, the liquor dealer. announced to-day that he had suspended. He owes $70,000. three-quartere of which. he says, is secured. and with time he claims he can pay off the rest and ha 70 something for himself. He is a brother of Moses Schwartz, president of the assigned Louisville Deposit Bank.

4. July 26, 1893 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, July 26, 1893

Click image to open full size in new tab

Article Text

SHUTTERS UP IN LOUISVILLE. One Bank Failure Follows Another in the Kentucky City. LOUISVILLE, July 25.-The Merchants' National Bank closed its doors at 10 o'clock this morning. This is the third national bank of this city which has suspended since Saturday. It was the steady and growing demand from the country banks which caused the trouble. President J. H. Lindenberger says the bank is abundantly solvent, and there is no doubt that the depositors will be paid in full. He also says the stockholders will receive face value for their shares. The Merchants' National Bank was organized as a state bank in 1860 and became a national institution in 1874. Its capital stock is $500,000. At 10.30 the Louisville Deposit Bank was closed. It was organized a little over a year ago by Moses Schwartz, its president, with a paid up capital of $300,000. It was started at a bad time, and was refused admittance to the Clearing House. It however seemed to prosper for awhile, and at one time its stock sold above par. It might have pulled through but for the suspension of the three national banks. The Fourth National Bank is also among the victims.

5. July 26, 1893 The Herald Los Angeles, CA

Click image to open full size in new tab

Article Text

Further Failures of Financial Institutions. Three More Louisville Banks Suspended. Two Big Concerns at Indianapolis Close Doors. The Financial Gibraltar of Bilwaukee Succumbs to the Assaults of Depositors-A Failure at Findlay, O. By the Associated Press. LOUISVILLE, Ky., July 25.-The Louisville Deposit bank, the Merchante' National bank and the Fourth National bank suspended today. There were runs on several other banks, mostly small, but all stood the strain. The failure of the Merchants' National was caused by withdrawals of country banks. The Deposit bank is not a member of the clearing house, and none of the other banks would assist it. The Fourth National bank failed as the result of the panic caused by the failure of the others. None of the failures are considered bad. The depositora of the two national banks will be paid in full. The last statement of the Fourth National showed a paid in capital stock of $300,000, a surplus fund of $37,000, and undivided profits, $27,956. The Merchants' had a paid in capital of $500,000; eurplus, $100,000; undivided profite, $21,384. The Deposit bank's statement showed a capital stock of $300,000; undivided profits, $19,155. All the bank officials express confidence that no one will lose a cent if they can get time to realize on their assets. Shortly after the assignment of the Deposit bank President Schwartz filed an individual assignment of all his personal property to the same assignee. The Sweetwood Distillery company also made an assignment, Mr. Schwartz being president of that company also. No statement is yet prepared. Jacob Schwartz, brother of the bank president and who has been in the liquor business a number of years, suapended late this afternoon. He owes $70,000.

6. July 26, 1893 New-York Tribune New York, NY

Article from New-York Tribune, July 26, 1893

Click image to open full size in new tab

Article Text

ALL THE LIST DECLINES. THE BANK FAILURES DEPRESS PRICES. HEAVY CURRENCY SHIPMENTS TO MILWAUKEE, LOUISVILLE AND OTHER WESTERN POINTS-TROUBLE WITH PHILADELPHIA COLLECTIONS. Depressing news, to which to attribute further demoralization of the stock market, was not lacking yesterday. On the contrary. It came in with a rush from the sections of the West which have been the recent centres of uncertainty. The morning bad shown some encouraging features, among which was the continued buying for London account, and the feeling was reflected In the prices of some stocks. The news from the West, however, turned the current. The telegraphic announcement of the failure of the Indianapolis National Bank and the Bank of Commerce, of the same city, and, still more, the suspension of the Wisconsin Marine and Fire Insurance Bank of Milwaukee, contributed an element of significance far more effective than recent signs of Western financial distress have been. Following them came the news of other bank failures, notably of the Louisville Deposit Bank. the Merchants' and the Fourth National, of Louisville. All of the Institutions named are in citles from which. with St. Louis, Chicago and Cincinnati, have come the largest demands for currency. These cities have taken the bulk of the millions which have been shipped in the last four or five days. There is yet no end to this westward movement in sight, though accurate prognostication Is as impossible as accurate figures of shipments are unobtainable. It was estimated that another $1,500,000 was sent yesterday from New-York banks in response to calls from Western Institutions. The continued big balance of currency movement against New-York is an unpleasant surprise to the bankers here, who have been hoping that the calls for currency had reached their limit. In the language of the Street, New-York has financed" the country, and the burden has not lightened yet. From the cities where banks were crashing the calls for money yesterday were naturally urgent. One Milwaukce bank telegraphed Its New-York correspondent: "The Marine and Insurance has suspended. We are sound. Can you send us $200,000 currency ?" The amount asked for was sent. Larger smounts were sent to St. Louis and Louisville. There were also some receipts of currency, especially from the Southwest, but financial men estimated that the balance against New-York equalled the shipments made on Monday and on Saturday. The demand for currency at the Sub-Treasury amounted to $400,000. The Clearing House Loan Committee authorized the Issuance of $50,000 in loan certificates, making the amount outstanding $22,000,000. It was expected that 2% much larger amount of new certificates would be issued, reports having It that an additional million or so was to be demanded. Chairman Frederick D. Tappen ridiculed these rumors, as did also other officials of the Clearing House. There was, however, a feeling that a considerable increase of the certificates to-day or to-morrow would not be the happening of the unexpected. The $50,000 issued yesterday was taken by a small uptown bank. The Sub-Treasury was a debtor to the Clearing House yesterday $600,000, and it followed its as yet unexplained course of last week by paying that amount in gold. Its balance on Monday was paid in currency. Money on call opened at 4 per cent, but stiffened to 8 per cent and closed at that point. Time money is still practically unobtainable. One banker called attention yesterday to the fact that from June 18, 1892. to July 18, 1893, the NewYork banks suffered a shrinkage in deposits of $149, 000,000. or this amount there has been a loss of $97,000,000 since February 11. 1893. The deposits in June. 1892. averaged about $534,608,000: in February, 1893. about $491,747,000. and this month about 2204 174.000, This great shrinkage makes more re-

7. July 26, 1893 The Record-Union Sacramento, CA

Article from The Record-Union, July 26, 1893

Click image to open full size in new tab

Article Text

of other banks, but at each large depositors came to its assistance, and officers assured those interested that they were perfectly safe. The general opinion is the worst is past. RUNS ON LOUISVILLE BANKS. LOUISVILLE, July 25.-The Louisville Deposit Bank failed to open its doors today. The Merchants' National Bank has suspended, as also the Fourth National Bank. There were runs on several other banks, mostly small, but all stood the strain. The failure of the Merchants' National was caused by the withdrawals of country banks. The Deposit Bank was not a member of the Clearing-house, and none of the other banks would assist it. The Fourth National failed as a result of the panic caused by the failure of others. None of the failures are considered bad. The depositors of the two national banks will be paid in full. The Merchants' National has a capital of $500,000, the Fourth National a capital of $500,000 and a surplus of $25,000. The Deposit Bank has a capital of $300,000; surplus, $16,000. The last statement of the Fourth National Bank showed a paid in capital stock of $300,000, a surplus fund of $37,000 and undivided profits of $27,956. The Merchants' had a paid in capital of $500,000, a surplus of $100,000 and undivided profits of $21,394. The Deposit Bank statement showed a capital stock of $300,000, undivided profits, $19,155. All the bank officials express confidence that no one will lose a cent if they get time to realize on their assets. Shortly after assignment of the Fourth National President Schwartz filed an individual assignment of all his personal property to the same assignee. The Sweetwood Distillery Company also made an assignment, Mr. Schwartz being President of that company also. No statement has yet been prepared. A FAILURE AT FINDLAY, OHIO. FINDLAY (0.), July 25.-The Farmers' National Bank, one of the popular financial institutions of this city, closed to-day because of its inability to realize upon its assets. The officers assert that they will be able to pay depositors dollar for dollar, and have a surplus when affairs are settled up. Ever since the failure ex-Secretary Charles Foster has been drawn upon heavily, and was unable at the present time to meet the constant drain. There was no run on other banks in the city.

8. July 26, 1893 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, July 26, 1893

Click image to open full size in new tab

Article Text

LOUISVILLE BANKS. Three of Them Close Their Doors and Suspend. LOUISVILLE Ky., July 25.-The Merchant's National bank has suspended. The Louisville Deposit bank has also failed. The Fourth National bank has suspended. There wereruns on several other banks, mostly small ones, but all stood the strain. The failure of the Merchant's National was caused by the withdrawal of country banks' deposits. The bank is not a member of the clearing house and none of the other banks would assist it. The Fourth National tailed as the result of the panic caused by the failure of the others. None of the failures are considered bad. The depositors of the two national banks will be paid in full. The Merchant's National has a capital of $500,000 and the Fourth National a capital of $300,000; surplus, $35,000. The Deposit bank has a capital of $300,000 and a surplus of $16,000. The last statement of the Fourth National showed a paid in capital stock of $900,000; surplus fund, $35,000; undivided profits, $27,950. The Merchants' had a paid in capital of $500,000; surplus, $100,000; undivided profits, $21,384. The Deposit bank statement showed a capital stock of $300,000; undivided profits, $19,155. All the bank officials express confidence that no one will lose a cent if they get time to realize on assets. Shortly after the assignment of the Deposit bank President Schwartz filed an individual assignment of all his personal property to the same assignee. The Sweetwood Distillery company also made an assignment, Mr. Schwartz being president of that company also. No statement is yet prepared. Jacob Schwartz, brother of the president, and who has been in the liquor business a number of years, suspended late this afternoon. He owes $70,000.

9. July 27, 1893 The Roanoke Times Roanoke, VA

Article from The Roanoke Times, July 27, 1893

Click image to open full size in new tab

Article Text

More Louisville Bank Failures. LOUISVILLE, July 26.-The Fourth National bank threw up the sponge yesterday afternoon after a hard fight. A run during the day, with a drain from the country banks, caused the suspension. President George Davis was seen just after the closing of the doors. "All the information we have to give out at this time," he said, "is that no one will lose a mill by our suspension." The Merchants' and Deposit banks were also forced to close their doors indefinitely.

10. July 27, 1893 Semi-Weekly Interior Journal Stanford, KY

Article from Semi-Weekly Interior Journal, July 27, 1893

Click image to open full size in new tab

Article Text

THREE more Louisville banks, the Merchants' National, the Louisville Deposit and the Fourth National, suspended Tuesday, making five in all to do so. Each claims that the withdrawal of deposits and the failure to get outside aid caused the suspension which will be temporary. Directors and stockholders will be paid in full, they all say, but when, the deponents saith not.

11. July 28, 1893 The Mitchell Capital Mitchell, SD

Article from The Mitchell Capital, July 28, 1893

Click image to open full size in new tab

Article Text

Two at Louisville. LOUISVILLE, July 26.-The Merchants National bank has suspended. LOUISVILLE, July 26.-At 1:30 p. m. the Fourth National bank closed its doors.

12. July 28, 1893 Bismarck Weekly Tribune Bismarck, ND

Article from Bismarck Weekly Tribune, July 28, 1893

Click image to open full size in new tab

Article Text

Quit After a Hard Fight. LOUISVILLE, July 26.-The Fourth National bank threw up the sponge at 1:18 p. m. after a hard fight. A run during the morning with a drain from the country banks caused the suspension.

13. July 29, 1893 Arizona Weekly Citizen Tucson, AZ

Article from Arizona Weekly Citizen, July 29, 1893

Click image to open full size in new tab

Article Text

most unfortunate. The emperor was chagrined that Bavaria should have discomfited Prussia, and let fall remarks that were repeated to Von KaltebornStachua, who was left small option but to resign. The emperor has ordered that no army maneuvers be held anywhere in Germany unless absolutely certain that the distr ct in which it is proposed to hold them will not be damaged. Comments in the papers here on the Franco-Siamese dispute are listless. and are only noteworthy for their declarations of friendly neutrality toward France. A duel has been fought in Geunewald between Professor Fromhold, nephew of Admiral Livonim, and Lieutenant Klein, one of the reserves. They quarreled about R lady Lieutenant Klein was wounded in the hand. Both duelists were arrested, but will probably escape with two days' imprisonment. The imperial budget, in which a large deticit was expected, shows a difference of 1,114,000 marks between receipts and expenditures. DENVER, July 25.-A meeting will be held here to devise means of taking care of the destitute, who number over 8000. INDIANAPOLIS, July 25.-The Baok of Commerce did not open its doors this morning. INDIANAPOLIS, July 25.-The Indianapolis National bank failed to open its doors this morning. The Indianapolis National was considered one of the strongest banks in the city, and was designated as the repository of the United States. The Bank of Commerce has not been one of large deposits, and the failure will not have much effect locally. Now, at 11 o'clock, a heavy ran is being made on the Indianapolis bank. MILWAUKEE, Wis., July 25.-The Wisconsin First Marine Insurance bank closed its doors this morning. The Milwaukee people had become imbued with the idea that this old bank was the Gibraltar of finance and could not credit reports that it bad closed. The city of Milwaukee has $1,600,000 in the bank and will probably have tempororily to suspend payment. The bank was the depository of the Chicago, Milwaukee & St. Paul road, and arrangements have been made for the payment of checks drawn on that bank by the Wisconsin National bank. BIG DEPOSITORS TO THE RESCUE. Runs were at once started on a number of other banks, but at each large depositors came to the bank's assistance and officers assured those interested they were perfectly safe. The general opinion is the worst is past. The Bank of Commerce, known as Mitchell's back, has fail A notice on the door says it is closed on account of the monetary stringency. The statement on the 1st places the resources at $8,946,344; liabilities due depositors, $7,870,504; due others, $500,000. SANDUSKY, Ohio, July 25.-The G. B. Hodgman Manufacturing company manufacturers of cooperage and bridge timbers and wholesale dealers in lumber, has gone into the hands of a receiver. It is understood the action was not on account of insolvency, but to protect the concern and secure an extension. The firm employs several hundred men. LOUISVILLE, Ky., July 25.-The Louisville Bank of Deposit has failed. The Fourth National bank has assigned. The Merchants National bank has suspended. ST. LOUIS, July 25.-Ripper & Bronson. iron merchants, assigned this morning. Liabilit $150,000; assets, probably same. CHICAGO, July 25.-Entering of confession of judgment in favor of the Continental National bank by Parkhurst & ilkinson, iron merchants, caused the firm to assign. Assets, $1,000,000; liabilities not stated.' CLEVELAND, Ohio, July 25 --A World's fair excursion train on the Baltimore & Ohio road was wrecked near Akron this morning. Three coaches were derailed by spreading of the rails, and thrown over an embankment. It is reported that many were seriously injured, but none killed outright. PARIS, July 25.-Yesterday's announcement that France had notified the powers of her intention to blockade the coast of Siam is premature. The notice has not yet been sent. A conference between the foreign office and British amoassador on the Siamese question will be held tomorrow. TOPEKA, Kas., July 25.-Eleven companies of militia have been put in readiness to start for the scene of the miners' troubles. The situation is critical. WEIR CITY, Kas., July 25.-Over 500 negroes have arrived and,are quartered in the stockade. All are armed and are being drilled. PORTLAND, July 25.-Vice President Stevenson and party arrived here this morning at Salem. The vice president was welcomed to Oregon by Governor Pennoyer, who in a speech called attention to the hard times prevalent in Oregon and attributed the business trouble to the financial policy of the government during the past two years. He declared that the simple repeal of the Sherman law would be a violation of the pledge of the democratic party to the people and called on the vice president to use his influence toward se uring the use both of gold and siver as stand and money of the country. In reply the president said he would endeavor to co-operate with those who have in view the best interests of the common people of the land. as LOUISVILLE, July 26.-There come withdrawing of funds from the banks this morning, mostly by small depositors, but nothing like a general run. It is balieved the trouble is over. THE ERIE IN A RECEIVER'S HAND. New YORK, July 26.-D. O. Mills said to be one of the largest holders of Erie seconds, says in regard to the road being put into the hands of a receiver

14. July 29, 1893 The Bessemer Indicator Pueblo, Bessemer, CO

Article from The Bessemer Indicator, July 29, 1893

Click image to open full size in new tab

Article Text

THE FINANCIAL SITUATION. On the 25th the Mitchell bank at Milwaukee closed its doors Its deposits amount to nearly $3,000,000, assets $9,000,000. At Indianapolis the Indianapolis National bank and the Bank of Commerce closed their loors. Joint liabilities $2,500,000. Three banks at Louisville, Kentucky, also falled on the 25th. They are the Merchants' National, the Fourth National and the Louisville Deposit bank. None of the failures are considered bad ones. Depositors in the two national banks will be paid in full, and the loss to stockhoMers will not be more than 60 per cent. In either case. The situation on the New York stock exchange on the 26th was critical and a panic was narrowly averted. The news that the Erle railroad had gone into the hands of a receiver was largely responsible for the break in stocks which felt from 1 to 4 points. H. I. Nicholas & Ea. brokers, assigned.

15. July 29, 1893 The Sun New York, NY

Click image to open full size in new tab

Article Text

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

16. August 4, 1893 The Weekly Union Times Union, SC

Article from The Weekly Union Times, August 4, 1893

Click image to open full size in new tab

Article Text

NUMBER 31. SILVER REFUSED. So Much Already That it Can't be Handled. CHICAGO, ILL.-Notice was posted Monday in the United States sub-Treasto be received. ury the During effect that the silver day many would employes not of banks brought in sacks of the white metal to get currency in exchange, but they had to shoulder their loads and go ag in as came. more silver the lying they around uncounted There is behind rails of the sub Treasury than the force can handle. On every shelf and in piles on the floor, canvas sacks filled with dollars and other coins, are stacked up until there is hardly room to get about. "We are unable to handle the big amount of silver we have on hind," said one of the offi cials, "and until it CAN be all counted and cleaned up we will not receive any mo'e over the counter. For some time of here to brought past great quantities by banks silver be exchanged have has been befor currency. unt the amount come greater than we can handle, and we will have had to call a temporary halt. This is all there is to the mat er. EX TREASURER HUSTON'S ANK DOWN. CONNORSVILLE, IND The Citizens' Bank, owned by ex United States Treas urer Huston, failed to open its doors to of the market. gency Monday morning money owing The the liabili. strinties and assets have not yet been made known. The depositors will, it is said, be paid in full. HAD HELPED OTHERS COULD NOT SAVE ITSELF. TACOMA, WASH. -The Tacoma Na. tional one of the strongest the Northwest Bank, suspended Monday morning. in This bank has been assisting the other banks in the city for the past six months A LOUISVILLE BANK. LOUISVILLE, KY.-The Louisville City National Bank closed its doors at 1:10 Monday evening. SENATOR MITCHELL'S BANK FAILS. MILWAUKEE, Wis.-The Wiseonsin Fire and Marine Insurance Company Bank closed its doors Tuesday morning. This is Senator Mitchell's bank and had been considered the strongest bank in the city. A FARMERS' NATIONAL. TOLEDO, O.-The Farmers' National Bank of Findlay O. closed its doors the at DOPEL once for any run that may follow. A FLORIDA BANK. WASHINGTON, D. C.-Examiner McDonald has been directed to take charge of the failed First National Bank, of Or. lando, Florida. A LOUISVILLE BANK. LOUISVILLE, Kv.-The Merchants' National Bank has suspended payment. THE LOUISVILLE FAILURES LOUISVILLE, Ky.- The Fourth Nationai Bank threw up the sponge at 1:18 o'clock in the afterneon, after a hard A run during the from the country fight. drain morning, banks, Geo. caused Davis with the President after the "All the information we to doors. was seen suspension. just closing have of the give out at this time," he said, "is that no none will lose a mill by our suspension." Four national banks have thus far suspended since Saturday. The officers of National assert Depositors stockthe their Merchants' solvency. dollar. Bank and , holders received dollar for 10:30 o'clock it became to By Louisville evident the directors of the Deposit that th could not meet day's of 1 AS the general demands, Bank y condition the n financial affairs was such as to preclude of outside assistance. the hope be The closed, directors ordered the doors to and papers were prepared making an aseignment to the Germani Trust ComS pany. The D posit Bank was organized a y little over a year ago by Moses Schwartz, its with a paid up of It was started at a $300,000. president, bad capital the clear- time, refused admittance to y house. It, however, prosfor a while and its stock and ance per was seemed sold to above par. It might have pulled through but for the suspension of three national f banks. FAILURE FOR $1,200 000. INDIANAPOLIS, IND.- The Indianapolis Bank suspended payment TuesThe failure is day National morning. for have $1,200,000. For 8 me days rumors been that the bank was in rudiors had the effect current these though trouble of starting quiet, and a run on it, which, the bank's funds finally depleted quiet of Tuesday. and c made necessary the action f AN INDIANAPOLIS BANK FAILS. le INDIANAPOLIS, IND.-The Bank of of Commerce dil not open Tuesday morning. e it

17. August 10, 1893 Rock Island Daily Argus Rock Island, IL

Article from Rock Island Daily Argus, August 10, 1893

Click image to open full size in new tab

Article Text

National Banks to Resume. LOUISVILLE, Ky., Aug. 10.-One of the four suspended national banks will resume sooner than expected, and the others will not be far behind. The Fourth Na. tional will be the first. Its officers expect to open its doors next Monday.

18. August 10, 1893 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, August 10, 1893

Click image to open full size in new tab

Article Text

Banks Will Resume. LOUISVILLE, Ky., Aug. 9.-One of the four suspended national banks will resume sooner than was expected, but the others will not be far behind. The Fourth National will be the first. Its officers expect to open its doors next Monday, and the City and Merchants' will resume in a few days.

19. August 24, 1893 New-York Tribune New York, NY

Article from New-York Tribune, August 24, 1893

Click image to open full size in new tab

Article Text

NATIONAL BANKS RESUMING BUSINESS. Washington, Aug. 23.-The Fourth National Bank of Louisville, Ky., which suspended payment July 25, 1893, having complied with the conditions im-

20. August 24, 1893 The Sun New York, NY

Click image to open full size in new tab

Article Text

Banks Allowed to Reopen. WASHINGTON. Aug. 23.-The Fourth National Bank of Louisville. which suspended payment on July 25. having complied with the conditions imposed upon it by the Comptroller of the Currency. and its capital stock being unimpaired. was permitted to-day to reopen its doors for business. The American National Bank of Pueblo. Col., and the Waupaca County National Bank of Waupaca, Wis.. which suspended payment on July 5 and Aug. 2 respectively. were also authorized to reopen their doors.

21. September 1, 1893 The Iola Register Iola, KS

Article from The Iola Register, September 1, 1893

Click image to open full size in new tab

Article Text

JOHN D. LEWIS has brought suit against McLennan county, Tex., for $10,000 damages, alleging that while serving a term on the county convict farm he was brutally beaten by guards and suffered serious injuries. THE Ben Wood and Etna mills and the Bellaire nail works, three of the biggest concerns in Wheeling, W. Va., announce that they will resume in a few days. They will employ about 2,000 men. IN Williams county, Ky., a posse of officers had a desperate fight with a band of burglars, whom they had surrounded in a house. One of the posse was injured and one of the burglars was killed. The house was found to be filled with stolen plunder. THE Fourth national bank, one of the five Louisville, Ky., banks to suspend payment during the recent panic, has resumed business.

22. September 1, 1893 The Kinsley Graphic Kinsley, KS

Article from The Kinsley Graphic, September 1, 1893

Click image to open full size in new tab

Article Text

THE SOUTH. THE recorder and two clerks of a New Orleans court have been indicted for embezzlement. S. P. HARRIS, the seeond victim of yellow fever at Brunswick, Ga., died the other night. No new cases were reported. JOHN D. LEWIS has brought suit against McLennan county, Tex, for $10,000 damages, alleging that while serving a term on the county convict farm he was brutally beaten by guards and suffered serious injuries. THE Ben Wood and Etna mills and the Bellaire nail works, three of the biggest concerns in Wheeling, W. Va, announce that they will resume in a few days. They will employ about 2,000 men. THE extensive mercantile establishment of Rosenbaum & Bros, Mount Vernon, Ky., dealers in dry goods, clothing, etc., burned. Loss, $150,000; fully insured. THE Fourth national bank, one of the five Louisville, Ky., banks to suspend payment during the recent panic, has resumed business

23. September 2, 1893 The Cape Girardeau Democrat Cape Girardeau, MO

Article from The Cape Girardeau Democrat, September 2, 1893

Click image to open full size in new tab

Article Text

WEST AND SOUTH. THE democrats of Iowa in convention at Des Moines renominated Horace Boies for governor and S. L. Bestow for lieutenant governor, and nominated John Cleggett for supreme judge, J. B. Knoepfler for state superintendent of schools and Thomas Bowman for railroad commissioner. The platform declares for the repeal of both the McKinley and Sherman laws, demands a license-tax law, calls for economy in the expenditure of public money and opposes monopolies. Benjamin IN Galesburg, III., Churchill, a veteran of the war of 1812, died at the age of 102 years. THE Nebraska republicans will hold their convention at Lincoln October 5. THE Masonic hotel at Harvey, III., was burned, the loss being $100,000, with no insurance. The hotel was filled with visitors to the world's fair. BANKS that suspended recently have resumed business as follows: Fourth national at Louisville, Ky., American national at Pueblo, Col., County national at Waupaca, Wis., and Mercantile state bank at Denver. Col. IN Ham Brothers' store at Scottsville, Ky., the safe was blown open by burglars and $10,000 in cash taken. JOSHUA E. DODGE of Wisconsin, has been nominated to be assistant attorney general, vice W. M. Maury, resigned. IN Chicago a special grand jury returned an indictment against eightysix men charged with violating the ordinances against gambling.

24. September 2, 1893 Baxter Springs News Baxter Springs, KS

Article from Baxter Springs News, September 2, 1893

Click image to open full size in new tab

Article Text

THE SOUTH. S. P. HARRIS, the seeond victim of yellow fever at Brunswick, Ga., died the other night. No new cases were reported. THE Ben Wood and Etna mills and the Bellaire nail works, three of the biggest concerns in Wheeling, W. Va, announce that they will resume in a few days. They will employ about 2,000 men. THE extensive mercantile establishment of Rosenbaum & Bros., Mount Vernon, Ky., dealers in dry goods, clothing, etc., burned. Loss, $150,000; fully insured. THE Fourth national bank, one of the five Louisville, Ky., banks to suspend payment during the recent panic, has resumed business. IN Williams county, Ky., a posse of officers had a desperate fight with a band of burglars. whom they had surrounded in a house. One of the posse was injured and one of the burglars was killed. The house was found to be filled with stolen plunder. THE total railway mileage of Arkansas is 2,290.37, valued at $19,311,527. AT Middleboro, Ky., a band of desperadoes fired into a passenger train, wounding two passengers severely. A mob went in pursuit of the band and there may be a lynching if they are caught. IT is denied that yellow fever has appeared at Memphis, Tenn. CoL. LOUIS J. DUPRE, one of the best known newspaper men in the south, and American consul to San Salvador under Cleveland's first administration, died at Memphis, Tenn. He was 68 years of age, and editor of the Memphis Ledger. SEVERAL persons were injured by an explosion and fire at Louisville, Ky. ONE hundred lives were said to te lost by the great storm in the vicinity of Port Royal and Beaufort, S. C. THE hotel at Sulpher Springs, Ark., burned the other morning. LEONARD GooF, a negro murderor, was lynched by a mob at Newcastls, Ky.

25. September 3, 1893 The Times Richmond, VA

Article from The Times, September 3, 1893

Click image to open full size in new tab

Article Text

BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. WASHINGTON, D. C. Sept. 1.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, Den ver $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; Farmer's National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky., $200,000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000: Waxabachee National Bank, Waxabachee, Tex., $100,000; Citizen's 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.