7311. German National Bank (Louisville, KY)

View Charter #2062 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2062
Charter Number
2062
Start Date
January 19, 1897
Location
Louisville, Kentucky (38.254, -85.759)

Metadata

Model
gpt-5-mini
Short Digest
5f7b75a1

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1897-01-22
Date receivership terminated
1905-06-05
OCC cause of failure
Fraud
Share of assets assessed as good
37.0%
Share of assets assessed as doubtful
48.4%
Share of assets assessed as worthless
14.6%

Description

The German National Bank in Louisville was closed by the Comptroller/Bank Examiner after an investigation found shaky assets, fictitious deposits and alleged falsified accounts. A receiver was appointed (Jan 22) and the president was arrested; the institution did not resume operations and became a failed national bank under receiver control.

Events (5)
1. November 5, 1872 Chartered
Source
historical_nic
2. January 19, 1897 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Investigation showed weak/unsafe condition, losses from connection with Louisville Deposit bank, many lawsuits, withdrawals and alleged fictitious or unsatisfactory assets; Comptroller found part of deposits fictitious and ordered closure.
Newspaper Excerpt
The German national bank at First and Market streets did not open its doors for business, and the announcement was made that the institution was in the hands of Bank Examiner James Escott.
Source
newspapers
3. January 21, 1897 Other
Newspaper Excerpt
President McKnight of the suspended German National Bank ... surrendered to United States Marshal Blackburn this afternoon. ... a warrant was issued on the charge of falsifying accounts.
Source
newspapers
4. January 22, 1897 Receivership
Source
historical_nic
5. January 22, 1897 Receivership
Newspaper Excerpt
Comptroller Eckels has appointed R. H. Courtney, receiver of the German National bank of Louisville, Ky., which recently failed.
Source
newspapers

Newspaper Articles (23)
1. January 19, 1897 Wheeling Register Wheeling, WV
Article from Wheeling Register, January 19, 1897

Click image to open full size in new tab

Article Text

and Quit to save ME Ky., January Louisville, this 18.-Na- morntional Bank Examiner Scott the doors of the German'NaJ. M. McNight, president. tional ing closed Bank, institution The capital stock of the is with a surplus of $31,000. The is an old one, but for some time $251,500, bank unsafe. past has been regarded as The last statement issued by the bank, December 17. 1896, made a very bad showing. The figures showed that the 25 per cent. rule had been violated by about 8 per cent. Under the head of resources it was given out that the bank had $113,025.29 in securities, stocks, etc. This was very unsatisfactory as the "etcetera" was not considered definite enough and since the statement was issued the withdrawals been steady. of the bank, for years identified with Night, have prominently President the has bank- been Mcing and involved in a number business operations. of outside financial In a signed statement President McNight says that depositors will be paid the in full and it is probable that stockholders will reorganize the institution. Newport, Ky. January 18.-The New- failure of the First National Bank of was to open doors this morning to the business of port great surprise statement men given the a city. While a was the officers that no one would of there were all the lose out by anything, Fortunately sorts rumors flying about. of the officers is no of wrong doing integrity suggestion such has of that weak- found credence. The first evidence was the refusal of the officers to ness on Saturday afternoon $5,000 board. to the treasurer pay of the Bellevue school which it had but recently deposited he and which he had been advised made ought to get out. This was not public till to-day. Cashier T. B. Youtsey has been 1875. with bank since its organization in $200.stock of the bank is viceThe the capital Trapp; 000. Its president is John president Joseph Wright. President in who was elected last week retired Trapp place of Dr. Henry Gunkel, who of advanced years, is a res- the of Ky., and is one ident on account Dayton, county. of wealthiest men in the O., January the exis created in Cincinnati the eitement CINCINNATI. Most 18.-No by of Ky., bank failure. the here claim to have known been in a straightened banks bank Newport, has President condition that some time. It is said that who was elected is sick at home in seen. John last for week. Trapp. consequence president be of the failure. and cannot and, Cashier Youtsey is also indisposed. in fact. none of the officer3 can be seen. of Mr. Trapp is said to have a deposit $15,000 in the bank, to hold $11,000 of stock. to to be endorser for Cashier Youtsey and the amount of $60,000. Congressman Berry bealso has a large interest in the banw. in ing interested with Cashier Youtsey a land company. It is charged that causes heavy loans to Youtsey are among the of the failure. ST. PAUL. Minn., January -The its Minnesota State Savings Bank closed of doors this morning and filed a deed assignment. naming William Bickel as that assignee. An affidavit was filed stating would amount to about $250,000. the liabilities are in bank $230,000. The officers of the cirhood the while assets of the neighbor> the this step the best under The to protect the caused cumstances deemed recent flurry depositors. affairs in banking extent withdrawals of deposits to such an sixty that although the bank required the raise days' notice. it was unable to enough ready money to meet demands. BOSTON, January s.-The Boston stock and grain exchange. with officers in nearly closall th eprincipal New England cities. will ed up business to-day. The creditors suffer. it is said. not Poor business rersulting from the finan- given cial depression of the past year business. is A the cause of cessation of as in the market last week is said to have is rise precipitated the action. The exchange its capMassachusetts corporation. with business a ital all paid in. and has been doing of the several years. The members simply for announce that the libilities are of and tha tby prompt been further indebtedness settled. firm operations normal suspension be has avoided and all the claims can has been of the stockholders A meeting the first Monday in February, called when the for affairs of the corporation will be definitely WATERLOO. settled. Ind.. January 18.-H. al- N. the Garrett banker and arrestwho has been leged CoMmberry. embezzler, grand twice jury during the past week on central inde and who has been the of dictments, in the financial complications of gfiure county. died early this morning this failure. There were five indictments heart against him. which caused his arrest last he Saturday. and late Saturday evening released on $7,000 bond. was COLUMBUS O., January 18.-The Co- the lumbus Cabinet Co. has gone into hands of Charles R. Wheeler ,as receiver. $30,000: assets said to be $90,000. due. but Liabilities, money is wanted to pay claims NEW YORK, January 18.-The failure on Louis Nellson has been announced The of Consolidated Stock Exchange. the is considered unimportant and and is suspension attributed to being short of Sugar St. Paul. CINCINNATI, O., January 18.-T.J. McNamara. Sr., doing business as the Phoe- to Carriage Works, assigned to-day $40,000; nix Robert Ramsey. The assets are liabilities the same. IDALO SENATORSHIP.

2. January 19, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, January 19, 1897

Click image to open full size in new tab

Article Text

BUSINESS TROUBLES. Heavy Real Estate Investments Ruin a Kentucky Bank. NEWPORT, Ky., Jan. 18.-The First National bank closed this morning. Heavy investments in real estate in this city is one cause given. The integrity of the officers is such that no suggestion of wrong found credence. Cashier T. B. Youtzey has been at the bank since its organization in 1875. President John Trapp, who was elected last fall, is a resident of Dayton, Ky., and one of the wealthiest men in the county. The directors were in session all day Saturday, on which day the bank opened with only $7,500 in its vaults. At the meeting Cashier Youtzey resigned and his resignation was promptly accepted. CINCINNATI, Jan. 18.-No excitement was created in Cincinnati by the Newport bank failure. Most of the banks here claim to have known that the bank has been in straightened circumstances for some time. It is said that President John Trapp, who was elected president Isat week, is sick at home in consequence of the failure and cannot be seen. Cashier Youtzey is also indisposed, and in fact, none of the officers can be seen. Mr. Trapp is said to have a deposit of $15,000, in the bank, to hold $11,000 of the stock and to be indorser for Cashier Youtzey to the amount of $60,000. Congressman Berry also has a large interest in the bank, being interested with the cashier in a land company. It is charged that heavy loans to Youtzey are among the causes of the failure. LOUISVILLE, Jan. 18.-The German National bank closed today. The capital stock is $261,500, with a surplus of $31,000. The bank has long been considered unsafe. President McKnight says depositors will be paid in full and the bank reorganized. BOSTON, Jan. 18.-The Boston stock and grain exchange has closed. ST. PAUL, Jan. 18.-The Minnesota Savings bank closed tais morning. The assets amount to about $250,000; liabilities, $230,000. The bank had on deposit $10,000 of the city of St. Paul and $2,200 of the funds of Ramsay county. NEW YORK, Jan. 18.-The failure of Louis Nielson has been announced through the Consolidated stock exchange. The suspension is considered unimportant and is attributed to short Sugar and St. Paul. CHICAGO, Jan. 18-The Illinois Paper Company went into the hands of a receiver today. The assets are about $65,000; liabilities, $60,000.

3. January 19, 1897 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, January 19, 1897

Click image to open full size in new tab

Article Text

TODAY'S FEATURES. Cuba. Spanish steamer sunk by a torpedo. Cubans in need of foreign aid. Weyler amplifies his edict. making the war of starvation more extensive. Decision on the Three Friends case. Recruits in Texas on their way to Cuba. Foreign. A son born to the Countess of Castellane. Death of Louis Contencin, chevaker of the Itelian crown. Ivery's trial begun. Decided that Peru must pay the McCord claim of $200,000 at once. Plague in Bombay growing worse. British parkament opens today. 4 Domestic Senate passed a bill for a deep water survey between Houston and Galveston. Meanagua canal bill taken up. House passed bills regulating patents and forbiddung sale of liquor to Indians. Report of the deep water commission transmitted to congress by the president. National Bank of Kentucky at Newport and German National bank at Louisville closed. Minnesota Savings bank suspended. Altgeld nominated for the senate in IIIInois by the democrats; republican caucus fails to agree. John "P. Jones returned to the senate from Nevada. Split over Hill in New York. Starte officers inaugurated. Sport. Puglist Sheedy killed and robbed. Field trials at West Point, Miss. Tommy Dixon and Joe Young fought twenty rounds to a draw. State. Speaker Dashiell announces the house committees. Senaltor Colquitt introduces a bill to define the duties of the railroad commission. Resolution in the house to ask members to contribute not less than $1 each for the Buckner Orphans' Home. Resolution in the house in behalf of Cuba. Bill for the establishment of a colored university introduced. The senate and house meet in joint session and canvass the vote for governor and Heutenant governor. C. L. Caspary, hardware merchant of Tyler. assigns, The Scollard delinquent tax case decided in favor of the city of Dallas. Waco business men to give Hon. W. J. Bryan a welcome reception. H. Masterson's residence at Brazoria destroyed by fire. A Fort Worth negro gets two years for stealing chickens. M. W. Martin, a Katy conductor. jailed at Denison, charged with leading a young girl into a mock marriage with him. Danny Grace. the seventeenth victim of the Buckner Home holocaust, dies, and three others are dying. S. W. Bean, allas J. W. Wood. given two years at Fort Worth for bigamy. A 9-year-old child at Galveston criminally assaulted. The Pierce brothers shot to death at Cuero. Railroads. The case of Moody & Co. vis. the Galveston Wharf company was resumed by the Texas railway commission Traffic men will meet in St. Louis. Southern passenger committee makes a one-fare rate for the inaugural ceremonies at Washington. The time card for the fast International and Great Northern train is being "strung" at Palestine. The Illinois Central reduces its territory for homeseekers' tickets. The case of the Gulf, Colorado and Santa Fe vs. W. H. Ellis, on an appeal from Texas. was decided in Washington yester. day in the former's favor. The Markets. Cotton fultures lower in all markets; Houston spots decline 1/80. Local produce markets-Egge higher; chickens scarce and in demand. Wheat declined 5-8c from Saturday's figures, closing at 801/sc. Texas cattle in good demand. Heavy trading in stock market. Close weak at fractional declines. Gains made in Texas railroad bonds. Local. Regular meeting of the city council. Election of the Pastors' association. Meeting of the real estate men. Hon. W. J. Bryan will arrive tonight. The Lee memorial service tonight at the Auditorium I. O. O. F. installations. The barbers decide to do no more Sunday shaving. Right of Way Grant. Washington, January 8.-Representative

4. January 21, 1897 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, January 21, 1897

Click image to open full size in new tab

Article Text

TELEGRAPHIC BREVITIES. The Bussell Milling Co., with a capac ity of 3,000 barrels of flour, assigned today. The failure of the Russell Flour Milling Company, of West Superior, Wis., was announced this morning. Wm. W. Stickney one of the original forty-niners, died at his home in Boston Tuesday, aged 74 years. The sea is making a complete breach over the steamship Alvena, sunk in New York bay by collision Tuesday, and the prospects are that she will soon go to pieces. Lazar Kraft, 20 years old, a Russian of nibilistic leaning, who was poor and fatally ill, and who was visited often by a mysterious girl who brought him food, killed himself in New York yesterday. By the premature explosion of a blast in the main shaft of the Kennedy mine, near Jackson, Cal., yesterday morning, John Truscott, a miner, and an unknown Italian were blown to atoms. Officers have not been able to find James H. McKnight, president of the suspended German National Bank of Louisville, Ky., for whom a warrant has been issued on the charge of falsifying accounts. Most Rev. Thomas L. Grace, for many years archbishop of St. Paul, and at present archbishop of the titular see of Sinnia, is seriously ill and it is thought his death is only a question of a few days. Owing to the inclement weather the launching of the United States revenue cutter Daniel Manning, which was to have taken place in East Boston today, has been postponed until the conditions are more favorable. A dispatch from Cantor, Ohio, says the in. dications point strongly to the appointment of General Alger to the position of Secretary of War. General John R Roller, Colonel John A. Gibson, A. P. Funkhauser and Mr. Heidrick. all from the Shenandoah Valley, Va, called on Major McKinley to-day to urge the appointment of an ex-Confederate soldier to the Cabinet. The steamer of the Chaalotte, Norfolk and Baltimore line in making a landing at Fort Monroe last night went on Hampton bar near the wharf. The tugs went down from Norfolk and hauled her off at 8 o'clock this morning when proceeded to Baltimore. The vessel sustained no injury. Colonel J. B. Moulton died at St. Louis, Mo, yesterday. He was born in Boston in 1810 and was a graduate of West Point. After leaving the military academy he became an engineer of the Chesapeake and Ohio canal. He was one of the most prominent engineers of the West.

5. January 21, 1897 River Falls Journal River Falls, WI
Article from River Falls Journal, January 21, 1897

Click image to open full size in new tab

Article Text

BANK SUSPENSIONS. Weaker Financial Concerns in Various Places Go to the Wall. Newport, Ky., Jan. 19.-The First national bank of Newport has closed its doors. The bank will be reorganized. The deposits are au out $370,000 and depositors will be paid in full. Director Charles Spinks says the bank closed because of the recklessness of Cashier Yautsey and Director McCracken. Louisville, Ky., Jan. 19.-The German national bank at First and Market streets did not open its doors for business, and the announcement was made that the institution was in the hands of Bank Examiner James Escott. The capital stock is $251,500, with a surplus of $31,000. J. M. McKnight is president. The bank has been in a shaky condition for three years owing to the failure of the Louisville deposit bank, by which it lost $75,000 and there are also between $250,000 and $300,000 worth of law suits pending, growing out of the bank's connection with the failure. Since the first of the year $75,000 in deposits have been withdrawn and several days ago Bank Examiner Escott began an investigation. Saturday he wired the result to the comptroller of the currency and the order came for the bank to be closed at once. St. Paul, Minn., Jan. 19.-The Minnesota state savings bank closed its doors and filed a deed of assignment, naming William Bickell as assignee. An affidavit was filed stating that the assets would amount to about $250,000, while the liabilities are in the neighborhood of $230,000. The officers of the bank deemed this step the best under the circumstances to protect the depositors. The recent flurry in banking affairs caused withdrawals of deposits to such an extent that, although the bank required the 60-days' notice, it was unable to raise enough ready money to meet demands. Fullerton, Neb., Jan. 16.-The Citizens' state bank of this city, closed its deors Friday afternoon. S. H. Penny, president, and F. M. La Grange, cashier, say that depositors will be paid in full. No statement of assets or liabilities will be given out until the bank examiner has completed his work of checking up. Seattle, Wash., Jan. 14.-The Seattle savings bank has closed its doors owing to heavy withdrawals of county funds by newly-installed officers. Judge Monroe, on petition, appointed H. O. Shuey receiver. The statement is made by bank officials that the affairs of the institution are in good shape, but not prepared for a run. The liabilities are $70,000 and the assets $104,000. The institution will liquidate its obligations dollar for dollar. Conway, Mo., Jan. 18.-The Bank of Conway made an assignment of all its assets to C. C. Draper, of Lebanon, and the officials say it is their intention to quit business. It was the only bank in town and carried a capital stock of $10,000, with C. Hanson as president and I. M. Porter cashier. Depositors will be paid in full.

6. January 21, 1897 River Falls Journal River Falls, WI
Article from River Falls Journal, January 21, 1897

Click image to open full size in new tab

Article Text

Off the New Orleans coast the steamship Eva, with a party of six aboard, was lost. At Ocala, Fla., the Merchants' national bank suspended with liabilities of $145,000. Republicans in the Oregon legislature nominated John H. Mitchell to succeed himself in the United States senate. Flames de: troyed the plant of the Fox Paper company at Crescentville. O., the loss being $150,000. Near Monterey, Ky., Jennie Browning, with her baby in her arms, jumped into the Kentucky river and both were drowned. Two farmers, Jonas Hackensmith and Punch Evans, living near Dover, Mc., shot each other fatally as the result of a family feud. Senator Sherman announces that he has accepted the state portfolio. In Wisconsin the semi-centennial plan of celebrating in 1898 the fiftieth anniversary of statehood has been shandoned. Fire destroyed a portion of the Buckner orphans' home in the suburbs of Dallas, Tex., and five boys peri hed and a number of others were injured Flames wiped out the business portion of Milan, Mo. Further advices say that 15 children perished in the fire that destroyed the Buckner orphans' home in Dallas, Tex. Crazed from cigarette smoking Benjamin L. Davis, proprieter of the Tabbard inn at Rugby, Tenn., cut his wife's throat with a razor and then shot himself to death. The Wheeling, Lake Erie & Pittsburgh Coal company failed in Cincinnati for $1,056,000. and the Wheeling & Lake Erie Railway company went into the hands of receivers with liabilities of $320,000. On the Iron Mountain & Texas Pacific route a train was thrown from the track by wreckers at Forest, Tex., and the engineer and express messenger were fatally injured. The doors of the Bank of Conway, Mo., were closed. In Indianapolis the Commercial Wheel company failed for $100,000. At their annual meeting in Columubs, 0., the United Mine Workers of Ameriea elected as president M. D. Batchford, of Ohio. At Flat Rock, W. Va., Lew Grim shot and fatally injured three outlaws W ho were trying to break upa dance. The only female national bank cashier in the United States, Mrs. Sarah Dick, was for the twenty-fourth consecutive time chosen to that position in the First national bank at Huntington, Ind. At Louisville, Ky., the doors of the German national bank were closed with liabilities of $260,000. The doors of the First national bank of Newport, Ky, were closed with liabilities of $200,000. Tillie Anderson made 41 miles 10 laps in two hours, which is a new world's record in the female six-day bicycle race at Indianapolis. At St. Paul the Minnesota savings bank suspended payment with liabilities of $230,000. At Garrett, Ind., H. N. Coffinberry, a banker, charged with forgery and em* bezzlement, fell dead from heart disease as the sheriff was about to arrest him. At Little Rock Dan W. Jones was inaugurated as governor of Arkansas. A windstorm at Huntington, Ind., blew the roof off the county infirmary and damaged other buildings. At Carson the Nevada legislature convened in eighteenth session. At Atlanta, Ga., Sam Palatka confessed that he caused the great Cahaba (Ala.) bridge disaster, which sent 35 persons to death and wounded a score more.

7. January 22, 1897 The Morning News Savannah, GA
Article from The Morning News, January 22, 1897

Click image to open full size in new tab

Article Text

BANKER M'KNIGHT SURRENDERS. He Has Been Under Suspicion of the Controller For Sometime. Louisville, Ky., Jan. 21.-President McKnight of the suspended German National Bank, for whom a warrant was issued of falsifying accounts, surrendered to United States Marshal Blackburn this afternoon. Washington, Jan. 21.-The action of Bank Examiner Escott at Louisville in swearing out a warrant for the arrest of J. M. McKnight, president of the German National Bank of that place, is the result of instructions from the controller of the currency following a careful examination into the condition of the institution. McKnight has been under suspicion in the controller's office since he became president of the German National Bank. He was formerly bank examiner for Kentucky, but was dropped some years ago. A. reporter for the Southern Associated Press was told to-day that McKnight's services were dispensed with by the controller of the currency because it was believed he was not the proper person to fill the office of bank examiner. His selection as president of the German Bank was made against a protest from the office of the Controller of the Currency. Last Saturday Bank Examiner Escott met Controller Eckels in Chicago and presented to him his report on the condition of the bank. Mr. Eckels told him to return to Louisville and close the institution.

8. January 22, 1897 El Paso Daily Herald El Paso, TX
Article from El Paso Daily Herald, January 22, 1897

Click image to open full size in new tab

Article Text

Receiver Appointed. WASHINGTON, D. C., Jan. 22.Comptroller Eckels has appointed R. H. Courtney, receiver of the German National bank of Louisville, Ky., which recently failed.

9. January 22, 1897 The Norfolk Virginian Norfolk, VA
Article from The Norfolk Virginian, January 22, 1897

Click image to open full size in new tab

Article Text

BANK PRESIDENT ARRESTED. He is Charged With Falsifying the Bank's Accounts. Louisville, Ky., Jan. 21.-President McKnight, of the suspended German National bank, for whom a warrant was issued on the charge of falsifying accounts surrendered to United States Marshal Blackburn this afternoon. Washington, Jan. 21.-The action of Bank Examiner Escott, of Louisville. in swearing out a warrant for the arrest of J. M. McKnight, president of the German National bank of that place, is the result of instructions from the Comptroller of the Currency, following a careful examination into the condition of the institution. McKnight has been under suspicion In the Comptroller's office since he became president of, the German National bank. He was formerly Bank Examiner for Kentucky, but was dropped some years ago. A reporter for the Southern Associated Press was told to-day that McKnight's services were dispensed with because it was believed he was not a proper person to fill the office of Bank Examiner. His selection as president of the Gérman bank was made against a protest from the office of the Comptroller of the Currency. Last Saturday Bank Examiner Escott. met Comptroller Eckels In Chicago and presented to his report on the condition of the bank. Mr. Eckels told him to return tion. to Louisville and close the institu-

10. January 23, 1897 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, January 23, 1897

Click image to open full size in new tab

Article Text

Eckels Names a Receiver. Louisville, Ky., Jan. 22.-Comptroller Eckels has appointed Robert H. Courtney receiver for the suspended German National bank. Mr. Eckels says that a part of the deposits appearing on the bank books are fictitious. The comptroller has declined to forward President McKnight papers for a reorganization and says the arrested bank officers shall have nothing more to do with national banks. Mr. Eckels also says that McKnight had been elected president against his warning.

11. January 23, 1897 The Bryan Daily Eagle Bryan, TX
Article from The Bryan Daily Eagle, January 23, 1897

Click image to open full size in new tab

Article Text

Courtney Misde Receiver, WASHINGTON, Jan. 22.-The comptroller has appointed Robert A. Courtney receiver of the German National Bank at Lonisville, Ky.

12. January 23, 1897 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, January 23, 1897

Click image to open full size in new tab

Article Text

him if he could not be depended upon to do the right thing. This little reference to Mr. Sherman as a possible postmaster end general caused quite a titter at his the of the room. The discussion among members of the committee developed of that there is yet a wide difference opinion on the subject of the cable. CLOTHING TRUST. Chicago, Jan. 22-A special to the Tribune from New York says: "After years of quiet but persistent the effort the clothing manufacturers of have finally organized a com country to be known as the National Cloth- are iers bine, association. The officers elected as follows: President, Samuel Rosenthal, of Hock- Baltifirst vice president, Alfred more; of New York; second vice treas- presistader, Adolph Nathan, of Chicago; dent, Jacob S. Schuer, of Cincinnati. urer, board of directors includes Abra- M. The J. Kalb, Rochester; Marcus Syham New York; William S. Peck, WilMarks, Robert H. Wickes, Utah; H. liam racuse; Cushing, Boston, and Louis Kahn, Chicago. The firms pledged to the scheme have an actual output of $350,000,000. avowed purposes of the combine excesThe do away with long credits, of orare to rating and the cancellation where sive and to promote harmony competition ders. has heretofore prevailed. it is to the organizers, to to According purely as a board of trade, SO serve for the clothing industry. speak, assert with vehemence that and They are not to be tampered with, at libprices each manufacturer will be busierty, that as heretofore, to conduct his ness as he pleases. SUGAR TRUST. O.. Jan. 22.-The legal began battle Toledo, the Woolson Spice company Judge over common pleas court here today, session Morris in presiding. The morning original consumed in reading the for a petition was of the Arbuckles asking the receiver for the Woolson company, answer of the latter and the demurrer. to The afternoon session was devoted arguments on the general demurrer. Over sixty witnesses will be called. Manager Greene, of the Western Union, has been ordered to produce certain telegrams that passed between the Woolson He people and the refining company. informed the court that he not show all of them but Judge Morris said he would pass on that question at the proper time. The case will probably occupy several days. STEEL BILLET POOL. Pittsburg, Pa., Jan. 22.-A meeting of the steel billet pool has been called for Friday, January 29, in this city. At this meeting it will be decided whether 15 will be advisable to continue or abandon the organization. Unless unlooked-for contingencies arise, it is believed that its continued existence is unlikely. The situation is not favorable for high prices. Billets are offered this week at $15.25, with few buyers. AMERICAN TOBACCO. New York, Jan. 22.-Justice Lawrence in the criminal branch of the supreme court today handed down an opinion denying the demurrer to the indictments found some months ago for conspiracy, against the officers of the American Tobacco company. The case was argued a few weeks ago. DAY'S NEWS OF FAILURES. Des Moines, Ia., Jan. 22.-No more failures are likely to occur here. The banks received more than a million dollars from outside sources this morning, and are still standing together. Each bank has from $100,000 to $300,000 piled up on the counters. All agree to refuse to pay time deposits without sixty days notice under the law. The savings banks are taking advantage of the state law allow- deing them to refuse to pay savings on posit except on sixty days notice. Kansas City, Mo., Jan. 22.-The Campbell-Eaton Crockery company, one of the largest concerns in Kansas City, failed in today, the store and fixtures being possession of the Citizens National bank under a chattel mortgage for $12,000. The assets amount to $37,000; liabilities estimated at $22,000. Chicago, Jan. 22.-Judgment for $84,000 in favor of the World's Columbian Ex- in position company was entered-today Judge Burke's court against the Ferris for Wheel company. The judgment is the world's fair company's receipts during the exposition. Cincinnati, O., Jan. 22.-Thomas B. Youtzey, cashier of the First National bank, has made an assignment. This is taken in consequence of attachstep ments having been issued by creditors. Washington, Jan. 22.-Thec omptroller of the currency has appointed Robert Na- A. Courtney receiver for the German tional bank at Louisville, Ky. LLOYD'S BARRED IN OHIO. Columbus, O., Jan. 22.-Bulletin.-Hon. M. Matthews, state superintendent in- of W. insurance, today barred the Lloyd's surance companies from doing business in Ohio. TO CURE A COLD IN ONE DAY Take Laxative Bromo Quinine Tablets. All druggists refund the money if it fails to cure. 25c.

13. January 26, 1897 The Bourbon News Paris, KY
Article from The Bourbon News, January 26, 1897

Click image to open full size in new tab

Article Text

CONTROLLER ECKELS Appoints Robert H. Courtney Receiver of the Suspended German National Bank. LOUISVILLE, Ky., Jan. 28.-Controller Eckels has appointed Robert H. Court. ney receiver of the suspended German national bank. Mr. Eckels urges that a part of the deposits appearing on the bank's books are fictitious. The controller has declined to forward President McKnight's papers for a reorganization and says the arrested bank officers shall have nothing more to do with national banks. Mr. Eckels also said that Mc. Knight had been elected president against his warning. F. M. Hays, the expert accountant of the con. troller's office, is on his way to Louisville to assist the district attorney in securing evidence for the prosecution of President McKnight. Hays is the man who worked on the famous cases of the Fidelity national bank of Cincinnati and the Indianapolis national bank. Mr. MeKnight had nothing to say Friday morning about the charges against him, but informed the reporters that he had called a meeting of the directors for Friday afternoon, when he would make a statement clearing himself of all blame with the bank's suspension.

14. January 28, 1897 Courier Democrat Langdon, ND
Article from Courier Democrat, January 28, 1897

Click image to open full size in new tab

Article Text

NEWS IN BRIEF. Overflow From the Wires in a Condensed Form. Ex-Congressman Edward L. Martin died at his home in Seaford, Del., of heart disease. A London Daily Mail dispatch from Madrid says that in the province or Seville bread riots have occurred. It is officially announced that the deaths from the bubonic plague at Bombay for the week number 470. The Western Association of Paper Box Manufacturers adjourned to their annual meeting in Chicago next June. Mr. Aldrich has introduced a bill in the Delaware state senate abolishing the whipping post and pillory in Delaware. Committees in aid of the Indian famine have been instituted by the governors of St. Petersburg, Moscow and Odessa. The controller of the currency has appointed Robert A. Courtney receiver of the German National Bank of Louisville, Ky. An appreciable reduction of the production of cotton cloths and other goods made by Fall River, Mass., mills has been agreed upon. The postoffice department has issued a lottery order against the Southern Mutual Investment company at Cincinnati and Louisville. The senate passed a bill extending the time for building a railroad through the Omaha and Winnebago Indian reservation in Nebraska. Mrs. Wilberforce Williams, wife of Paymaster Williams, United States navy, and mother of Mrs. Walter S. Hobart, is dead at San Francisco. The Campbell-Eaton Crockery company, one of the largest concerns in Kansas City. failed. The assets are $37,000; liabilities estimated at $22,000. Charles Meyer, the man arrested for running a still near Grand Forks, N. D., says he made the whisky for his own use and he did not know it was against the law. Patrick McCann was convicted of manslaughter in the second degree at Marinette, Wis., for shooting Dennis Flannigan last August. The defense moved for a new trial. Knowing that her aged father had taken poison with suicidal intent, Nellie Curran of Oakland, Cal., 23 years of age, went to bed without calling a physician. The coroner will investigate. The London Times correspondent at Georgetown, British Guiana, says: Venezuela has paid an indemnity of $7,500 for the Uruan outrage. I am unable to say whether this sum represents the total indemnity. The president has sent to the senate in response to a resolution a report of the secretary of state transmitti ag a list of the claims filed in the department of state by the citizens of the United States against Spain for indemnity. Silas Crouch, an old and well-to-do farmer of Osco, Ill., has hanged TO himself. It is supposed that unfortunate speculation on the board of trade is responsible. He was 55 years old and leaves a widow, six sons and two daughters. Lewis Olsen of Webster City, Iowa, some time ago commenced a translation of the Bible and has over 1,300 sheets of paper closely written. He began to show signs of insanity and was taken to the asylum at Independence a raving maniac. Bud Creek, sentenced in Arkansas in 1895 to three years' imprisonment for selling liquor to Indians, and R. H. Freeman, convicted in Tennessee for failing to erase marks on spirit labels, have been pardoned by the president, but six or eight other pardons have been denied.

15. January 29, 1897 Middlebury Register Middlebury, VT
Article from Middlebury Register, January 29, 1897

Click image to open full size in new tab

Article Text

2% on ducking Quantico, Virginia, edition. The death is reported from London of air Isaac Pitman, inventor of a system of northand now widely used. Two cases of bubonic plague are re Ported from Kamaran, an island off the rest coast of Arabia on the Red sea. Liliuokalani, the deposed queen of Haraii, otherwise Mrs. Lydia Dominis, ar Aved in Washington, D. C., on Saturday rom Boston. A negro held in Enfield, North Caro jail for shooting a man, set fire to he building on Friday night, destroying imself and the jail. A number of villages in Greece have een destroyed by an earthquake, and it feared that a number of persons have killed or injured. It is announced that Professor Haff line of Bombay has proved the efficacy attenuated plague virus as an antidote or the bubonic plague. By the earthquake on the island of Tishm, in the Persian gulf on January thousands of houses were destroyed and 2500 persons were killed. John Dacey, aged 20, and Benjamin Dryman, aged 24, rival lovers, fought duel near Cynthiana, Kentucky, the ther day, and both were killed. Advices reached Sin Francisco or Saturday of a terrible panic in a temple Kwong Tow, China, in which 300 women and children perished. United States Senator George of Mis assippi is critically ill at the Garfield hospital, in Washington, and his family ave been summoned to his bedside. Claims filed in the department of state American citizens against Spain. aris out of the insurrection in Cuba, num 83, and aggregate nearly $10,000,000 James M. McKnight, president of the suspended German national bank of ouisville, Ky., was arrested Friday charged with falsifying the accounts of he bank. The United State senate has passed the ill for the erection of a new custon ouse building in New York on the site the present building, at a cost not ex eeding $5,000,000. The Russell Milling company, having mill with a daily capacity of 3000 bar at West Superior, Wis., and smalle

16. February 17, 1897 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, February 17, 1897

Click image to open full size in new tab

Article Text

THE SOUTHERN STATES. NEW ORLEANS-A. G. Weatherford, formerly of Memphis but now of Nicaragua. PADUCAH, Ky.-Sheriff Holland returned from Rangeland, where he went in search of Robert McGill, who shot his wife Tuesday. McGill escaped. Mrs. McGill is not yet dead. LOUISVILLE, Ky.-The overturning of a lamp at the home of John Myer, resulted in the fatal burning of Mrs. Myer and a 2-year-old child. Myer was severely burned while trying to extinguish the flames. MACON, Ga.-Judge Felton decided to postpone the hearing of the petition to remove A. T. Holt, local receiver of the Southern Building and Loan association of Knoxville, until the United States circuit court has decided whether the receivership shall be made permanent. LOUISVILLE, Ky.-An affidavit was made before the United States officers charging Banker McKnight and F. A. Britt, member of the city council, with defrauding the German National out of $2000. McKnight and Britt were arrested and gave bond. PARKERSBURG, W. Va.-Dr. John Wymouth has received intelligence from Liverpool of the death of his oldest brother, Captain William E. Wymouth, commander of the British cruiser Smyrna, at sea, January 14. Captain Wymouth was an old Confederate naval officer and served under Admiral Semmes on the famous privateer, the Alabama. He was on the vessel when she was sunk by the Kearsarge, but escaped. was arrested on the arrival of the steamship Suldal from Bluefields, in response to a telegram from the Nicaraguan authorities. Weatherford is charged with having murdered Charles Brown on February 10. The prisoner will be taken back to the scene of his crime for trial. Weatherford claims that Brown was killed on account of his connection with Mrs. Weatherford, and he believed, as all honorable men believed, that he had the right to kill the despoiler of his home.

17. February 20, 1897 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, February 20, 1897

Click image to open full size in new tab

Article Text

Bank Officers to be Arrested. LOUISVILLE, Ky., Feb. 19.-The greatest secrecy Is maintained by Bank Examiner Escott and Receiver Courtney regarding the affairs of the German National Bank. but warrants are expected to be issued for other officials of the bank. President McKnight is still in custody. being unable to furnight the $12,000 bond, The connection between Courtney and the Indicted alderman is expected to result in further and more sensational Indictments against other city officials.

18. February 20, 1897 The Wilmington Daily Republican Wilmington, DE
Article from The Wilmington Daily Republican, February 20, 1897

Click image to open full size in new tab

Article Text

Louisville's Corrupt Bankers. Louisville, Feb. 20.-The greatest secrecy is maintained by Bank Examiner Escott and Receiver Courtney regarding the affairs of the German National bank, but warrants are expected to be issued for other officials of the bank. President McKnight is still in custody, being unable to furnish the $12,000 bond. In a statement given to the press Mr. McKnight claims that before his connection with the bank it had been looted to the extent of $273,000, or $22,000 more than the entire capital stock of the bank. He says it was the most corruptly managed bank he ever saw. The connection between McKnight and the indicted aldermen is expected to result in further and more sensational indictments.

19. February 20, 1897 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, February 20, 1897

Click image to open full size in new tab

Article Text

HATED EACH OTHER WILLIAM RODGERS ARRAIGNED IN POLICE COURT. Held for the Murder of Ben Coleman, Whose Neck Was Broken In a Fight With Rodgers in Cincionati, Which Fight Was Not Altogether for Exbibition Purposes-Sioux Indians Accused of the WinonaMurders-Alleged blayers of Joel Mack Arrested-Bank Wreckers and Embezzlers-Crimeand Catastrophe Cincinnati, O., Feb. 19,-William Rodgers, amateur pugilist, who delivered a fatal blow to Ben Coleman in a fight with gloves at the Manhattan Athletic ground, this city, was arraigned in the police court today and the hearing was continued. The referee and time keeper also gave bond. The coroner's inquest was begun. Testimony was conflicting. One witness said that Coleman was conscious after the blow and shook hands with Redgers and remained conscious until the attendants dropped him to the earth as they carried him away. Others testified that it was understood that their grudge was to be settled at this fight, as the men were enemies. SIOUX ARE ACCUSED. Bismarck, N. D., Feb. 19.-Advices from Winona state that excitement is running high over yesterday's awful trag edy, and if the Indians who are accused of the devilish deed are located they will be lynched by the indignant settlers. That the murder was committed by the Indians there seems to be no doubt. The mutilation of the bodies of the victims, and the killing of the twin babies of Mrs. Rouse, who were only one year old, and the fact that Mail Carrier Lebrock saw two Indians in the vicinity with their faces hideously painted Indicate that the treacherous Sioux have added another to their long list of crimes. The coroner's jury met at Winona at 10 o'clock this morning and the inquest is now in progress. FOR KILLING JOEL MACK. Independence, Kan., Feb. 19.-Two men have been arrested charged with the murder of Joel Mack, a wealthy stockman of this city, whose mutilated body was recently found on the banks of the Verdigris river in Indian Territory. They are William Blosser and his step-father, both of Vinita, I. T. Officers are searching for a third man named Samuel B. Bloxum. These three were interested in a lawsuit which was to have been tried at Vinita. Mack was an important witness against them and was on his way to Vinita when he met his death. SHERIFF ASSASSINATED. Santa Fe, N. M., Feb. 19.-Sheriff Dow of Eddy county was shot last night by two men concealed between buildings. He died today. He was active in the prosecution of cattle thieves. Governor Thornton offers a reward of $500 for each of his murderers. TRAIN WRECKERS. Cleveland, O., Feb. 19.-A special from Berea, O., says that an attempt was made last night to wreck a Big Four train near there on a bridge seventy-five feet high. The obstruction was discovered by a track walker shortly before the passage of an east-bound train. There is no clue. BANK WRECKERS. Louisville, Ky., Feb. 19.-The greatest secrecy is maintained by Bank Examiner Escott and Receiver Courtney regarding the affairs of the German National bank. but warrants are expected to be issued for other officials of the bank. President McKnight is still in custody, being unable to furnish the $12,000 bond. In a statement given to the press Mr. McKnight claims that before his connection with the German National bank it had been looted to the extent of $273,000, or $22,000 more than the entire capital stock of the bank. He says it was the most corruptly, managed bank he ever saw. Examiner Escott was busy all morning going over the old records to discover the grounds for McKnight's charges. The connection between McKnight and the indicted aldermen is expected to result in further and more sensational indictments against other city officials. Commonwealth Attorney Parsons has been instructed to employ three etra attorneys to help him arraign and prosecute the recently indicted officials. NEBRASKA'S TREASURER. Lincoln, Neb., Feb. -9.-Action in regard to the state treasury situation has been delayed ten days by a vote in the senate. During this time special com-

20. February 20, 1897 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, February 20, 1897

Click image to open full size in new tab

Article Text

MORE INDICTMENTS. City Officials Said to Be Connected With a Bank Failure. LOUISVILLE, Ky., Feb. 19.-The greatest secrecy is maintained by Bank Examiner Escott, and Receiver Courtney, regarding the affairs of the German National bank, but warrants are expected to be issued for other officials of the bank. President McKnight is still in custody, being unable to furnish a $12,000 bond. In a statement given to the press, Mr. McKnight claims that before his connection with the German National bank, it had been looted to the extent of $273,000, or $23,000 more than the entire capital stock of the bank. He says it was the most corruptly managed bank he ever saw. Examiner Escott was busy all morning going over the old record to discover the grounds for McKnight's charges. The connection between McKnight and the indicted aldermen is expected to result in further and more sensational indictments against other city officials. County Attorney Parsons has been instructed to employ three extra attorneys to help him prosecute the officials.

21. March 19, 1897 The Union Times Union, SC
Article from The Union Times, March 19, 1897

Click image to open full size in new tab

Article Text

Liverpool Cotton Market. Liverpool, Saturday - Middling 31-32. Futures-Closed firm. March... 3 58 s March and April 3 58 s April and May... 3 58 v May and June... 3 58@54 June and July... 3 58@54 July and August. 3 58@54 August and September.. 3 56 b September and October. 3 50@51 October and November. 3 46@41 November and December. 3 45 s December and January... 3 45 s January and February. # Indicted in Ninety-One Counts. J. M. McKnight, president of the suspended German National Bank, Louisville, Ky., has been indicted by the grand jury on the charge of violating the national banking act. The indictment will embrace ninety-one counts, and includes nearly every offense embraced in the law.

22. June 29, 1897 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, June 29, 1897

Click image to open full size in new tab

Article Text

CARLISLE IN COURT. Appears in a Case at Louisville and is Successful. Louisville, Ky., June 29.-John G. Carlisle appeared in the law and equity court today, representing the defendant in the case of A. J. Speckert against the German National bank. The case, which is that of one of the stockholders of the defunct Louisville Deposit bank to recover on account of fraudulent conspiracy in organizing the Louisville Deposit bank, the sum of $251,000, which the German National bank unloaded in worthless debts on the Deposit bank, came up before Judge Toney on the final arguments on the points of law before submitted to the judge. During his statement Mr. Dodd, attorney for the plaintiff, was interrupted by the district attorney, who told him that in order to simplify matters he would tender the petition of the receiver of the German National bank, in which the latter asked that he be made a party to the suit. Mr. Dodd argued that the receiver was not a necessary party. Mr. Carlisle made a ten minutes' speech in support of the receiver, in which he said that it was necessary for the receiver to be made a party to the suit. In support of his contentions he read several decisions on the subject. After Mr. Carlisle had finished the case was submitted to the judge, who immediately made the receiver a party to the suit and transferred it to the United States court, which sustains Mr. Carlisle and his associates.

23. November 20, 1902 The Fulton County News McConnellsburg, PA
Article from The Fulton County News, November 20, 1902

Click image to open full size in new tab

Article Text

SUMMARY OF THE LATEST NEWS. Domestic. Receivers for the National Asphalt Company and the Asphalt Company of America filed in court at Trenton, N. J., reports stating that they have made progress in reducing expenses by consolidating the underlying companies. During a controversy over a board bill James Masterson fatally shot M. P. Brittingham, proprietor of the Hotel Bratt. in Manchester, O., and then killed himself. Brittingham was shot three times. It was reported in Philadelphia that the Reading. the Baltimore and Ohio, and other Eastern railroads will follow the example of the Pennsylvania and increase the salaries of employes. The Anthracite Strike Commission began the hearing of evidence in Scranton, Pa., President Mitchell reading a long satement and then taking the witness stand. Col. Edward Butler, the millionaire politician of St. Louis, was convicted of bribery in Columbia, Mo., and sentenced to three years in the penitentiary. In the American Federation of Labor Convention yesterday at New Orleans a number of resolutions bearing upon labor conditions were introduced. The Methodist General Missionary Conference. in session in Albany, N. Y., made appropriations for the various missions in China and Korea. The Central National Bank of Boston closed its doors as a result of impaired assets. The failure had no effect in financial circles. William Becker, who sent threatening letters to a number of wealthy men in New York. was arrested on the charge of blackmail. One hundred and ten Presbyteries have thus far voted for revision of the creed, none having voted the other way. Superintendent Pratt. of the Carlisle Indian School. submitted his report to Indian Commissioner Jones. The twenty-second annual convention of the American Federation of Labor opened in New Orleans, and President Gompers, in his annual address, warned the members of the dangers of the conflicting claims of jurisdiction made by different bodies. Four men were killed and 40 more or less inured by the explosion of a large boiler in a scrap puddle furnace at the American Iron and Steel Manufacturing plant at Lebanon, Pa. Frank C. Andrews, the convicted vicepresident of the wrecked City Savings Bank of Detroit, Mich., was taken to the Jackson State Prison to begin serving his 15 years sentence. Mrs. Tingley has appealed from the decision of the board of inquiry in New York to deport the Cuban children designed for the Buddhist home at California. J. W. McNight, former president of the defunct German National Bank of Louisville, Ky., was sentenced to six years in the penitentiary for embezzlement. The grand jury of Freehold, N. J., has not yet indicted Laura Biggar on account of any charge growing out of her alleged marriage to Millionaire Bennett. A young woman ,in whose possession was found a watch chain stolen from one of the murdered Boston women, is likely to prove an important witness in the case. The General Missionary Conference of the Methodist Episcopal Church at Albany, N. Y., decided not to admit the secretaries of conferences as members. The coroner's jury held Charles Cawle-- of Homestead. Pa., responsible for the murder of his mother and four brothers and sisters. Rev. James Hill, a Marylander by birth, and senior member of the Indiana Conference of the M. E. Church, died at the age of 83.