7332. Masonic Savings Bank (Louisville, KY)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: savings bank
Start Date: January 8, 1891
Location: Louisville, Kentucky (38.254, -85.759)

Metadata

Model: gpt-5-mini
Short Digest: 513b84e7

Response Measures

Partial suspension

Other: Assignment to Germania Safety Vault & Trust Company (assignee). Directors gave 30 days' notice to savings depositors prior to assignment; clearing house aid earlier in stringency.

Description

There were multiple runs (first reported Jan 1891 and further runs in spring/summer following other local bank failures). On Aug 8, 1891 the bank 'assigned' to the Germania (Germania) Safety Vault & Trust Company — an assignment indicates failure/closure rather than a temporary suspension. Directors had invoked the 30-day rule for savings depositors before assignment. OCR variants corrected: 'Germanic/Germania Safety Vault and Trust Company' normalized to Germania; dates inferred from article datelines.

Events (2)

1. January 8, 1891 Run

Cause: Local Banks
Cause Details: Uneasiness triggered by troubles at other local banks (mention of Louisville City National's robbery and general runs on banks), producing withdrawals from smaller depositors.
Measures: Bank weathered the crisis; confidence later restored and business resumed normal.
Newspaper Excerpt: RUN ON LOUISVILLE BANKS. Small Depositors Become Uneasy and Make a Dash for Their Cash. ... the Masonic Savings bank being the greatest sufferer.
Source: newspapers

2. August 8, 1891 Suspension

Cause: Bank Specific Adverse Info
Cause Details: The bank carried large exposures (Jeffersonville bridge project) and was increasingly embarrassed; repeated withdrawals after failures of Schwartz and Falls City banks exacerbated its position, directors invoked 30-day notice and ultimately made an assignment (failure).
Newspaper Excerpt: The Masonic savings bank assigned this afternoon to the Germania Safety Vault and Trust company.
Source: newspapers

Newspaper Articles (21)

1. January 9, 1891 The Big Stone Post Big Stone Gap, VA

Article from The Big Stone Post, January 9, 1891

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RUN ON LOUISVILLE BANKS. Small Depositors Become Uneasy and Make a Dash for Their Cash. LOUISVILLE, Jan. S.-There has been more or less of a run on all the banks in this city for the past two days, the Masonic Savings bank being the greatest sufferer. All have weathered the crisis successfully, though at times there was much excitement on Main street and apprehensions entertained lest the large depositors follow the example of the smaller ones and a panic ensue. All danger has now passed however and business has resumed its normal condition. Uneasiness was felt about the Louisville City National which Pope robbed andof which Leech is cashier, as the bank has never fully recovered from the robbery. The Masonic Savings bank on the other hand is regarded as one of the strongest in the city. Money is plentiful both in New York and London and confidence is now fully restored.

2. August 9, 1891 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, August 9, 1891

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FAILURES. CHICAGO, August 8. - The National Forge and Iron company, manufacturers of bar iron, car axles and forgings, and makers of railway and car constructing works, having general offices at East Chicago, Ind., assigned today. Gilbert B. Shaw, president of the American Trust and Savings bank, was appointed assignee and gave bond in $700,000. The assets of the company are said to be from $350,000 to $400,000 and the liabilities about the same. LOUISVILLE, August 8.-The Masonic savings bank assigned this afternoon to the Germania Safety Vault and Trust company. The capital stock is $250,000. The statement of July 1 showed; Resources-Bills receivable, $817,992; bonds and stocks, $119,980; real estate, $40,854; call loans, $162,237; due from banks, $23,397; cash, $68,927; suspended debt, $48,326; furniture, $1,000. Liabilities-Capital stock, $250,000; surplus, $75,000; deposits, $593.284; due to banks, $108,076; bills payable, $205,000; fund to pay losses, $19,319; undivided profits and unclaimed dividends, $3,033. A statement of the bank's affairs cannot be obtained, but it is confidently asserted that it will pay dollar for dollar.

3. August 9, 1891 The Sunday Herald and Weekly National Intelligencer Washington, DC

Article from The Sunday Herald and Weekly National Intelligencer, August 9, 1891

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Masonic Bank Assigned. LOUISVILLE, Kr., Aug. 8.-The Masonic Savings Bank assigned this afternoon to the Germanic Safety Vault and Trust Company. The capital is $250,000 and the deposits over a million. Drink Tannhauser beer. Bottled by H. Bennzler.

4. August 9, 1891 Los Angeles Herald Los Angeles, CA

Article from Los Angeles Herald, August 9, 1891

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FORCED TO THE WALL. The Masonic Bank, of Louisville, Ky., Compelled to Assign. LOUISVILLE, August 8. -The Masonic savings bank assigned today to the Germania Trust company. No definite statement of its assets is yet obtainable. It had deposits of $600,000. The assignment was not unexpected. During the stringency last year, the bank required the aid of the clearing house, but on the 1st day of January its statement showed deposits of a million and a quarter. President Kreiger, by careful management, succeeded in restoring the confidence of the depositors. In March, however, the failure of the Schwartz bank once more startled the depositors, and the matter was not quieted down until July 1st, when the directors hoped the crisis was finally passed. Then came the Falls City failure, and the depositors were once more alarmed. The Masonic bank was also carrying the Jeffersonville bridge project, and when the depositors began to withdraw, the directors gave thirty days' notice. They have made desperate efforts to right the concern, but concluded today to assign. It is asserted the bank will pay dollar for dollar.

5. August 10, 1891 Evening Star Washington, DC

Article from Evening Star, August 10, 1891

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A HEAVY FAILURE. The Masonic Savings Bank of Louisville Makes an Assignment. The Masonic Savings Bank of Louisville has assigned to the Germanic Safety Vaultand Trust Company. The capital is $250,000. The bank was one of the first to require the aid of the clearing house when the stringency came last year. It carried heavy savings deposits, and as soon as a rumor that it was embarrassed got abroad depositors began to draw out. In January, however, the statement showed about a million and a quarter deposits, but it was generally known that the president of the bank, Jacob Kreiger, sr., was backing the bridge under construction between Louisville and Jeffersonville, Ind., and work on that had been suspended. Depositors continued to draw out their funds, but by a stout effort President Krieger succeeded in restoring confidence. and all was thought safe. In March came the Schwartz Bank failure and this set depositors in other savings institutions in motion and the Masonic deposits began to diminish. Once more the tide appeared to be stemmed, and on July 10 the directors were hopeful that the crisis was finally passed. Then came the Falls City failure and depositors were again alarmed. The directors took advantage of the rule requiring savings depositors to give thirty days' notice, and during the interval they have made desperate efforts to right the concern and be ready to pay out deposits when called for. Saturday it was found that the bank owed the clearing house $132,500, and, while it has secured this amount by gilt-edge collateral, it was unable to furnish satisfactory security for the additional funds needed to meet payments at the expiration of the thirty-day limit this week. The assignment followed.

6. August 10, 1891 Alexandria Gazette Alexandria, VA

Article from Alexandria Gazette, August 10, 1891

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AVG HHL 40 SMSH The German government denies the storles circulated about Emperor William's IIIhealth. A London tramp hanged himself on the porch of a church in that city on Saturday night. President Balmaceda, of Chili, has appealed to the Spanish government to act as arbitrator, and end the war. The European triple alliance le not making much headway in its efforts to draw Switzerland into the Z ollversin. Andrew Carnegie has laid the foundationstone of a public library at Peterhead, Scotland. to which he had given £1,000. Louisville's oldest savings Institution, the Masonic Savings Bank, has suspended. The capital is $250,000 and the deposits over B Thirteen miners were burned by their naked lamps, causing an explosion of gas in the York Colliery Tonnel, at Potteville, PA, yesterday. At Hamilton, Ont., on Saturday, Hanlan and O'Oonnor won the double scull against Grandanr and McKay by four lengths. 493'81-3 18 Supeem durvo B TE Mor 9 During Barnesville, Md., yesterday. a colored man named Lewis Brown, from Richmond, Va., was shot and killed. Evangelist Moody has received a petition 160 feet long, containing 2 500 signatures, requesting him to make another evangelistic tour in Scotlard d. One man was killed and five others Injured yesterday by lightning striking asmall house in which they had taken refuge from a storm, at Vinita, Indian Territory. Tommy Ryan, odefeated Danny Needham at Minneapolis last winter, whipped William McMillen, of Washington, D.C., at Richardson, Ill., yesterday, in three rounds The Salvadorian government has confiscated the Pacific Mail steamship City of Pacama at La Liberted for leaving La Union without a permit from the captain of the port. The French Minister of Foreign Affairs will consult with M. de Giers, the Russian Foreign Minister, regarding the formation of an economic entente between the two countries. It is said that the reasons ex-Oongressman Kelly, of Kansas, recently withdrew from the republican party is that he hopes to be elected by the new people's party to succeed Senator Plumb. Proctor Knott, the famous trotter, died at Horsehaven, near Saratoga, Thursday. "aue L Nashille Jeeu 10 18 bred SWM eH -0081 best eqf JO euo shill euo 18 SEM pus horses in America. The Census Bureau has Issued a bulletin; showing that the membership of the Roman Catholic Church in America is 250,045, with church property valued at $118,381 churchea. 9476 pus 919 The Morgan line steamer Eldorado, which on Tuesday night last struck an unknown rock bearing west southwest of Men and Chicken Shoals, Great Bahama banks, will probably be a total wreck. A collision occurred yeeterday at Davidstadt, a station on the Fin'and Railway, in Finland, where a passenger train dasbed into a military train. Two soldiers were killed and 48 persons were injured. A statement prepared at the Pension Office shows that during July there were 18sued 28 107 pensions,aggregating In first payments $3,576,855.23, of which the average to each pensioner was $127.26. Admiral Watson, commanding the British fleet In the West Indian waters, has been B8 Hastin uo Matob 01088 B deex 01 ordered the latest advices received in London from Jamaica leave little doubt of an early de scent on the black republic by the revolution. Ists. It is said at Ottewa, Oat., that the Mani toba and Northwestern Railway will absorb the Manitoba of the Northern Pacific, and will in turn he swallowed up by the Canadian Pacific This will give the latter corporation every mile of railroad in ManiWilliam Fullorton, a young American, a graduate of Harvard, replaces M. de Blowliz as the working bead of the Paris office of the London Times M. de Blowitzcontianes bis special contributions. Mr. Fallerton has been connected with the Times staff for two Terrs. Three cars and an engine on the Sea Beach road to Coney Island ran off the track yesterday, and over seven hundred people narrowly escaped being killed. The news created a panic in the waiting room and in a stampede many people were knock"umop pe At Boston yesterday John Bark, a carpenter, hired 8 14-foot eallboat and took out for a eall his three children, Vincent. Lillian and James, aged respect tively 14, 10 and 8, and his niece and nepbew, Annte and James Carmody. aged 11 and 13. The boat upset and all were drowned. John Davall, a eurveyor at Annapolis, and a very old man, committed suicide at his home esterday by taking a dose oistrychnine. He had become very despondent, fearing that he would become dependent upon the community. His sisters were present when be took the poison, but they him. 6ASW you pinoo Prof. James Woodrow has been elected president of the South Carolina College, at Columbia. Several years ago Dr. Woodrow wastried before the Presbyterian Church for saying that the body of Adam was probably -108 10 smarej Jemol eqs Josh B mal life and organic dust, and was depesed from his professorship in the Theological Seminary in Columbia. said

7. August 10, 1891 The Helena Independent Helena, MT

Article from The Helena Independent, August 10, 1891

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Depositors Became Alarmed. LOUISVILLE, Ky., Ang. 9.-The Masonic Savings bank has assigned to the Germania Trust company. No definite statement of its affairs is yet obtainable. It had deposits of probably $500,000. The assignment was not unexpected. During the stringency last year the bank required aid of the clearing house, but on the first of January the statement showed deposits of a million and a quarter. President Kreiger, by careful management, succeeded in restoring the confidence of depositors. in March, however, the failure of the Schwartz bank once more startled depositors and the matter was not quieted down until July 1, when the directors hoped the crisis was finally passed. Then came the Falls City failure and the depositors were once more alarmed. The Masonic bank was also carrying the Jeffersonville bridge project, and and when depositors began to withdraw they were given thirty days notice. They have made desperate efforts to right the concern, but concluded to-day to assign. It is asserted that the bank will pay dollar for dollar.

8. August 12, 1891 The Enterprise Wellington, OH

Article from The Enterprise, August 12, 1891

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LATER. AN unknown desperado entered the Exchange bank at Columbus Grove, O., on the 8th, pointed two revolvers at Cashier Maple, grabbed $1,500 from behind the counter and was about to leave when Maple fired at him. The robber then shot Maple and a farmer named Vandemark, who was standing near the latter, fatally, and escaped. On his way out of town he shot a man named Buck, who attempted to arrest his progress. A reward of $1,000 has been offered for his arrest. A BULLETIN issued by the census office shows that in the United States there are 10,221 Catholic congregations who own 8,765 places of worship, valued at $118,381,516. The church has 6,250,045 communicants, of whom onehalf are in New York, Massachusetta, Pennsylvania, Illinois and Ohio. TRE Masonic savings bank of Louisville, Ky., suspended payment on the 8th. Its liabilities aggregate $750,000. It was the oldest savings bank in Louisvill, having been incorporated in 1864. EMMA and Albert Barth, Martha Kindling and Clara Ziegler, children of prominent Milwaukee business men, were drowned at Lake Pewaukee. Wis., on the 9th. They were sailing on the lake in a small boat when a wind storm came up and capsized the craft, throwing its occupants into the water. AT Columbus, O., on the 8th, Judge Pugh overruled the motion for a new trial in the case of Editor W. J. Elliott, convicted of the murder of A. C. Osborn, and sentenced Elliott to the penitentiary for life. A CYCLONE struck the towns of Ashland and Washburn, Wis., on the 8th, causing the destruction of a number of buildings and the loss of two human lives. A circus tent was blown down and several persons were badly injured. Half a dozen yachts in the bay were wrecked. THIRTEEN minors were injured on the 8th by the explosion of gas in a colliery at Pottsville. Pa. One of the men will die. WHILE nine persons were sailing in the yacht May on Dorchester Bay, near Boston, Mass., on the 9th, the boat capsized and all on board were thrown into the water. Three of them clung to the overturned boat until rescued by a passing boat, but the others were drowned. CONDUCTOR TOBIN and Flagman Conley have been arrested on the charge of criminal negligence in connection with the disaster on the West Shore railroad at Montezuma, N. Y., by which fourteen persons were killed.

9. August 13, 1891 Grant County Herald Lancaster, WI

Article from Grant County Herald, August 13, 1891

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LIABILITIES OF $1,000,000. Failure of the Masonic Savings Bank of Louisville-Depositors Secure. LOUISVILLE, Ky., Aug. 10.-The Masonic savings bank, the second to fail in Louisville within a month, assigned to the Germanic Safety Vault & Trust Company at 2 o'clock Saturday afternoon. The failure occasioned no surprise in business circles, as the bank has been looked upon as on the verge of bankruptcy for some months. The bank owed $132,500 when the balances were made out with the clearing house at noon, which it was unable to pay. There have been three runs on the bank, the first in January last, the second following the Schwartz failure, the third following the failure of the Falls City bank. Friday a meeting of the directors was called to devise means for meeting the present difficulties and keeping the doors open. After considerable discussion the hopelessness of the situation was apparent, and it was decided to assign. Accordingly a deed of assignment was made and T. W. Spindle, the vice president and manager of the trust company, was sent for. He took possession at once. President Jake Krieger, the directors, and Mr. Engelhoff, the cashier, say that depositors will be paid dollar for dollar. The exact liabilities are unknown, but it is said will be more than $1,000,000. No other banks are in danger.

10. August 14, 1891 Essex County Herald Island Pond, Guildhall, VT

Article from Essex County Herald, August 14, 1891

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NEWS IN GENERAL. Prima Donna Adelaide Randall is reported to have separated from her husband in New York city. The farmers' alliance in Louisiana expects to capture the state offices and elect a United States senator by their combination with the anti-lottery democrats. The Unitarian national conference will hold its biennial meeting at Saratoga, Sept. 21-24. Hon. George William Curtis has been elected president in place of Chief Justice Miller. A Sawyer-Mann electric lamp in the possession of one of the officers of the company has a recorded life of 67,000 hours and is still in good condition. It was announced that a syndicate had been formed which agrees to guarantee to provide the Union Pacific Railway company with all the money it needs to take care of its floating debt during the next three years. It is stated tonight that Fanny Davenport must again come to the Northwest to defend the suits of Actors Williams and Loto against her for $10,000 for posting a notice in a Minneapolis theatre stating that they were not gentlemen. Orders have been received from Washington to resume the work of ejecting intruders from the Choctaw nation. Numbe S of non-residents have married into the tribe. White man thus intermarrying become adopted citizens and cannot be removed. H. R. Jacobs, theatrical manager, of the New York firm of Jacobs & Proctor, has offered $50,000 for the building and 18 rods of land on Main street Fall River, Mass., for a musee theatre. Miss Mary Gorman of New Haven, Conn., whi e stopping at Betblehem. N. H., swallowed a full silver plate with seven teeth. Ater much suffering the teeth were removed from the œsophagus by Dr. Marsh. The operation is considered a most remarkable one. John Bray, who for the greater part of his life was a minister of the Baptist Church, died in Washington Saturday, aged 76. He was noted as an eloquent pulpit orator, and at one time he was referred to in the newspapers as the Spurgeon of America. The Masonic Savings Bank of Louisville, Ky., has assigned. The assets and liabilities. in round numbers. are placed at $1,000,000 each. None of the depositors will lose ans thing and the stockholders will lose little. Washington will try to capture one or both national conventions next year. A company has already been organized and capitalized to convert the upper part of Northern Liberty market into a hall, holding 10,000 people. Statistics received by the bureau of American republies show a growth in the populs tion of the Argentine Republic since 1861 from 1,350,000 to 4,000,000, and in the number of acres under cultivation from 490,000 to 7,000,000. Gen. R. G. Dyrenforth, who is trying to produce rain by bombarding the heavens from balloons. studied for four years in the military schools of Prussia just before the outbreak of the American civil war. He was a skilled artilleryman and served on the staffs of Gen. Rosecrans and Grant. Conductor Tobin and Flagman Couley were arrested and locked up on a charge of criminal neg ect in causing the recent terr ble railroad accident near Port Byron, N.Y. The 12 Italians who were killed at the accident were buried in one grave.

11. August 15, 1891 Perrysburg Journal Perrysburg, OH

Article from Perrysburg Journal, August 15, 1891

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LIABILITIES OF $1,000,000. Failure of the Masonic Savings Bank of Louisville-Depositors Secure. LOUISVILLE, Ky., Aug. 10. -The Masonic savings bank, the second to fail in Louisville within a month, assigned to the Germanic Safety Vault & Trust Company at 2 o'clock Saturday afternoon. The failure occasioned no surprise in business circles, as the bank has been looked upon as on the verge of bankruptcy for some months. The bank owed $132,500 when the balances were made out with the clearing house at noon, which it was unable to pay. There have been three runs on the bank, the first in January last, the second following the Schwartz failure, the third following the failure of the Falls City bank. Friday a meeting of the directors was called to devise means for meeting the present difficulties and keeping the doors open. After considerable discussion the hopelessness of the situation was apparent, and it was decided to assign. Accordingly a deed of assignment was made and T. W. Spindle, the vice president and manager of the trust company, was sent for. He took possession at once. President Jake Krieger, the directors, and Mr. Engelhoff, the cashier. say that depositors will be paid dollar for dollar. The exact liabilities are unknown, but it is said will be more than $1,000,000. No other banks are in danger.

12. August 21, 1891 Fisherman & Farmer Elizabeth City, Edenton, NC

Article from Fisherman & Farmer, August 21, 1891

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South and West. THOMAS S. Bocock, for fourteen years a Member of Congress from Virginia, and for four years Speaker of the Confederate Congress, died recently at his home in Appomattox County, Va., aged sixty-six. THE New York and Chicago limited express jumped the track, near Salem, Ohio. The engineer and fireman were killed. A CLERK in the clothing store of A. L. Abraham & Co. indulged in a surreptitious smoke, at West Superior, Wis., and when one of the proprietors came in he hid the cigar stub on a table piled with clothing. The result was a fire, and before it was suppressed almost the entire stock, valued at $40,000, was destroyed. GOVERNOR BUCHANAN, of Tennessee, issued a proclamation calling an extra session of the Legislature for August 31. JACK ESTEES and Tom Lon :. who fought a duel in the northern part of Franklin County, Ky., election day, have died of their wounds. They were desperate men. JUDGE OGDEN HOFFMAN, the oldest Federal Judge on the Pacific Coast, died at San Francisco, Cal., after four months' illness. THE National Forge and Iron Company, of Chicago, Ill., manufacturers of car axles, fish plates and bar iron, etc., made an assignment. The liabilities are $500,000. CHARLES NIEMAN, aged twenty, shot and instantly killed George Nieman, his father, at Cincinnati, Ohio. The tragedy was the culmination of a family dispute. THE oldest savings institution in Louisville, Ky., the Masonic Savings Bank, has suspended. Liabilities over $1,000,000. A FRIGHTFUL heat wave in North Dakota seriously affected the wheat crop in a dozen counties. ALFRED DOWNING, President, and N. H. Tollman, Vice-President of the National Capital Savings Building and Loan Association of North America, have been arrested at Chicago for using the mails for Traudulent purposes. It is charged that the men conducting this association have swindled thousands of people from every State. PORTIONS of Iowa have been swept by a furious tornado. Many houses were unroofed, and several fatalities occurred. CAMP DOUGLAS, a Wisconsin town, has been almost destroyed by fire. Loss, $150,000. AN express train ran into a freight train near Fort Wayne, Ind. The engineer and fireman of the express were killed, eight freightcars destroyed and the baggage and express cars of the passenger train were ditched. WORK on the Wor. Fair buildings is being pushed rapidly at Jackson Park, Chicago.

13. August 26, 1891 The Abbeville Press and Banner Abbeville, SC

Article from The Abbeville Press and Banner, August 26, 1891

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South and West. THOMAS S. BOCOCK, for fourteen years a Member of Congress from Virginia, and for four years Speaker of the Confederate Congress, died recently at his home in Appomattox County, Va., aged sixty-six. THE New York and Chicago limited express jumped the track, near Salem, Ohio. The engineer and fireman were killed. A CLERK in the clothing store of A. L. Abraham & Co. indulged in a surreptitious smoke, at West Superior, Wis., and when one of the proprietors came in he hid the cigar stub on a table piled with clothing. The result was a fire. and before it was suppressed almost the entire stock, valued at $40,000, was destroyed. GOVERNOR BUCHANAN, of Tennessee, issued a proclamation calling an extra session of the Legislature for August 31. JACK. ESTEES and Tom Long. who fought 3 duel in the northern part of Franklin County, Ky., election day, have died of their wounds. They were desperate men. JUDGE OGDEN HOFFMAN, the oldest Federal Judge on the Pacific Coast, died at San Francisco, Cal., after four months' illness. THE National Forge and Iron Company, of Chicago, Ill., manufacturers of car axles, fish plates and bar iron, etc., made an assignment. The liabilities are $500,000. CHARLES NIEMAN, aged twenty, shot and instantly killed George Nieman, his father, at Cincinnati, Ohio. The tragedy was the culmination of a family dispute. THE oldest savings institution in Louisville, Ky., the Masonic Savings Bank, has suspended. Liabilities over $1,000,000. A FRIGHTFUL heat wave in North Dakota seriously affected the wheat crop in a dozen counties. ALFRED DOWNING, President, and N. H. Tollman, Vice-President of the National Capital Savings Building and Loan Association of North America, have been arrested at Chicago for using the mails for fraudulent purposes. It is charged that the men conducting this association have swindled thousands of people from every State. PORTIONS of Iowa have been swept by a furious tornado. Many houses were unroofed, and several fatalities occurred. CAMP DOUGLAS, a Wisconsin town, has been almost destroyed by fire. Loss, $150,000. AN express train ran into a freight train near Fort Wayne, Ind. The engineer and fireman of the express were killed, eight freightcars destroyed and the baggage and express cars of the passenger train were ditched. WORK on the Worl , Fair buildings is being pushed rapidly at Jackson Park, Chicago.

14. September 16, 1891 Telegram-Herald Grand Rapids, MI

Article from Telegram-Herald, September 16, 1891

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ASSIGNED. / Louisville Bankers Ruined by the Failure of an Enterprise. LOUISVILLE, Ky., Sept. 15.-Monday the first statement from the assignee of the Masonic savings bank, which went to the wall July 8,was made pub. lic, and with the statement the personal assignment of Jacob Kreiger, Sr., president, and J. H. Eglyhoff, cashier, is announced. The statement of the condition of the bank is not eneouraging to depositors or stockholders. The liabilities of the bank are $1,119,739.81, while in the assets column only about $200,000 of actual cash can be seen. The bills receivable amount to $786,460.57. In connection with the failure of the bank and the assignment of President Kreiger and Cashier Eglyhoff, it is stated that the former is overdrawn at the bank $200,000 and the latter $100,000. Mr. Kreiger was considered a millionaire. He undertook to build a bridge over the Ohio river here and it proved too much for him.

15. December 27, 1891 The Sunday Morning News Jersey City, NJ

Article from The Sunday Morning News, December 27, 1891

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BUSINESS FLUCTUATIONS Some of the Most Notable Collapses of the Financial World. JANUARY. 5. Failure of Dueber Watch company. Canton. O.: liabilities, $450,000. 14. Failure of O'Donnell, Spencer & Co., lumber dealers at Saginaw, Mich.: $100,000. 20. Failure of the American National bank of Kansas City for $300,000. FEBRUARY. 18. Suspension of the American Loan and Trust company of New York: deficit of $656,000. MARCH. 20. Suspension of the Keystone National bank of Philadelphia. Failure of the banking house of Theodore Schwartz & Co. at Louisville; liabilities, $750,000. 23. Suspension of the Washington National bank in New York city; shortage. $148,000. MAY. 4. Failure of J.H. Lippincott, of the American Graphophone company and North American Phonograph company, for $100,000. 8. Suspension of the Spring Garden bank and the Penn Trust and Safe Deposit company in Philadelphia. 12. Failure of Levy Bros. & Co., clothing manufacturers, in New York, for nearly $1,000,000. 19. Failure of Satterlee, Bostwick & Martin. insurance brokers, in New York, for over $100,000. 20. Assignment of the Davis Shoe company at Richmond, Va.: liabilities, $3,000,000. 25. Failure of Potter, White & Bayley, shoe manufacturers, in Boston, for $1,000,000. JUNE. 4. Assignment of the Connell-Hall-McLester company, dry goods house, in Nashville; liabilities, $464,000. 12. Failure of the London and Liverpool Clothing company and Mack & Co. in New York; liabilities over $250,000. 22. Failure of Sax Bros., bankers, in Nashville, for $600,000. 25. Assignment of the wholesale shoe firm of Emile Marqueze & Co., in Boston; liabilities, $460,000. JULY. 11. Failure of Hard Bros. & Co., spring bed makers, in Oneida, N. Y., for $125,000. 13. Failure of R. M. Bingham & Co., wagon makers, in Rome, N. Y., for $225,000. 20. Suspension of the Merchants' National bank of Fort Worth, Tex.; liabilities, $500,000. AUGUST. 2. Assignment of Abraham Backer, commission merchant and note broker, in New York: liabilities, $4,000,000. 8. Assignment of the Masonic Savings bank in Louisville, owing $1,000,000. 19. Receiver appointed for the American Wheel company, of Chicago, which has plants in six different states; liabilities, $1,800,000. 21. Seizure of the assets of the Mexican Northern railway in New York on a claim for $109,000. 22. Failure of S. V. White & Co., grain speculators of New York and Chicago, for nearly $3,000,000. OCTOBER. 19. Assignment of Jonathan Stewart, of Trenton: liabilities, $329,000. 22. Assignment of the Bank of Lewisburg, Tenn. NOVEMBER. 1. Failure of Maverick National bank in Boston; liabilities, $8,000,000. 7. Supension of National bank of Corry, Pa.: liabilities, $740,000. 10. Assignment of C.B. Paul, Louisville, lumber dealer, for $200,000. 12. Assignment of H. B. Smith & Co., New York ship brokers, for $800,000. 13. Failure of Louis Adler, New York cloak manufacturer. for $150,000. S. N. Stroube, California horse breeder, failed for $150,000. 15. Failure of Bonner & Bonner, bankers, for $500,000, in Tyler, Tex. 20. Shortage of $133,000 causes closing of Milford (Mich.) bank 25. Failure of First National bank, Wilmington, N.C. 27. Assignment of New York banking firm of Field, Lindley, Wiechers & Co., with liabilities of over $1,000,000. DECEMBER. 1. Receiver appointed for Richmond, Nicholasville and Beattyville railroad, Kentucky; debt. $3,000,000. 11. $250,000 assignment by Francis H. Baker & Co., dry goods dealers of New York.

16. December 27, 1891 The Sunday Morning News Jersey City, NJ

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BUSINESS FLUCTUATIONS. Some of the Most Notable Collapses of the Financial World. JANUARY. 5. Failure of Dueber Watch supeny, Canton. O.: liabilities, $450,000. 14. Failure of O'Donnell, Spencer & Co., lumber dealers at Saginaw, Mich.; $100,000. 20. Failure of the American National bank of Kansas City for $300,000. FEBRUARY. 18. Suspension of the American Loan and Trust company of New York; deficit of $656,000. MARCH. 20. Suspension of the Keystone National bank of Philadelphia. Failure of the banking house of Theodore Schwartz & Co. at Louisville; liabilities, $750,000. 23. Suspension of the Washington National bank in New York city: shortage, $148,000. MAY. 4. Failure of J. H. Lippincott, of the American Graphophone company and North American Phonograph company, for $100,000. 8. Suspension of the Spring Garden bank and the Penn Trust and Safe Deposit company in Philadelphia. 12. Failure of Levy Bros. & Co., clothing manufacturers, in New York, for nearly $1,000,000. 19. Failure of Satterlee, Bostwick & Martin, insurance brokers, in New York, for over $100,000. 20. Assignment of the Davis Shoe company at Richmond, Va.; liabilities, $3,000,000. 25. Failure of Potter, White & Bayley, shoe manufacturers, in Boston, for $1,000,000. JUNE. 4. Assignment of the Connell-Hall-McLester company, dry goods house, in Nashville: liabilities, $464,000. 12. Failure of the London and Liverpool Clothing company and Mack & Co. in New York; liabilities over $250,000. 22. Failure of Sax Bros., bankers, in Nashville, for $600,000. 25. Assignment of the wholesale shoe firm of Emile Marqueze & Co., in Boston; liabilities, $460,000. JULY. 11. Failure of Hard Bros. & Co., spring bed makers, in Oneida, N. Y., for $125,000. 13. Failure of R. M. Bingham & Co., wagon makers, in Rome. N.Y., for $225,000. 20. Suspension of the Merchants' National bank of Fort Worth, Tex.; liabilities, $500,000. AUGUST. 2. Assignment of Abraham Backer, commission merchant and note broker, in New York; liabilities, $4,000,000. 8. Assignment of the Masonic Savings bank in Louisville, owing $1,000,000. 19. Receiver appointed for the American Wheel company, of Chicago, which has plants in six different states; liabilities, $1,800,000. 21. Seizure of the assets of the Mexican Northern railway in New York on a claim for $109,000. 22. Failure of S. V. White & Co., grain speculators of New York and Chicago, for nearly $3,000,000. OCTOBER. 10. Assignment of Jonathan Stewart, of Trenton; liabilities, $329,000. 22. Assignment of the Bank of Lewisburg, Tenn. NOVEMBER. 1. Failure of Maverick National bank in Boston; liabilities, $8,000,000. 7. Supension of National bank of Corry, Pa.: liabilities, $740,000. 10. Assignment of C. B. Paul, Louisville, lumber dealer, for $200,000. 12. Assignment of H. B. Smith & Co., New York ship brokers, for $300,000. 13. Failure of Louis Adler, New York cloak manufacturer, for $150,000. S. N. Stroube, California horse breeder, failed for $150,000. 15. Failure of Bonner & Bonner, bankers, for $500,000, in Tyler, Tex. 20. Shortage of $133,000 causes closing of Milford (Mich.) bank. 25. Failure of First National bank, Wilmington, N. C. 27. Assignment of New York banking firm of Field, Lindley, Wiechers & Co., with liabilities of over $1,000,000. DECEMBER. 1. Receiver appointed for Richmond, Nicholasville and Beattyville railroad, Kentucky; debt. $3,000,000. 11. $250,000 assignment by Francis H. Baker & Co., dry goods dealers of New York.

17. January 1, 1892 The Cheyenne Daily Leader Cheyenne, WY

Article from The Cheyenne Daily Leader, January 1, 1892

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MARCH, 20. Keystone National bank, Philadelphia, su> pended. Theodore Schwartz & Co., bankers, failed in Louisville; liabilities, $750,000. 23. Washington National bank suspended, New York: shortage, $148,000. MAY. 8. Spring Garden bank and the Penn Trust and Safe Deposit company suspended in Philadelphia. 12. Levy Bros. & Co., clothing manufacturers, failed in New York for nearly $1,000,000. 14. People's bank, of Knoxville, Tenn., failed. 20. Davis Shoe company, Richmond, assigned; liabilities, $3,000,000. 2. Star Rubber company, Trenton, failed for $500,000. 25. Potter, White & Bayley, shoe manufacturers, failed in Boston for $1,000,000. 27. Bunnel & Scranton, private bankers, failed in New Haven. JUNE. 4. Connell, Hall, McLester company, dry goods, assigned in Nashville; liabilities, $464,000. 12. London and Liverpool Clothing company and Mack & Co. failed in New York: liabilities over $250,000. 22. Sax Bros., bankers, failed for $600,000 in Nashville. 25. Emil Marqueze & Co., wholesale shoes, assigned in Boston; liabilities, $460,000. JULY. 19. R. M. Bingham & Co., wagon makers, failed in Rome, N. Y., for $225,000. 20. Merchants' National bank, of Fort Worth, Tex., suspended with $500,000 liabilities. AUGUST. 2. Abraham Backer, commission merchant and note broker, assigned in New York; liabilities, $4,000,000; Backer died of depression Dec. 9. 8. Masonic Savings bank, Louisville, assigned, owing $1,000,000. 19. American Wheel company, Chicago, with plants in six different states, went into roceiver's hands: liabilities. $1.800.000. 22. S. V. White & Co., grain speculators of New York and Chicago, failed for nearly $3,000,000. OCTOBER. 19. Jonathan Stewart, Trenton, assigned: liabilities, $329,000. 22. Bank of Lewisburg, Tenn., assigned. NOVEMBER. 1. Maverick National bank, of Boston, went into hands of comptroller: liabilities, $8,000,000. 7. National bank, of Corry, Pa., suspended; liabilities, $740,000. 10. C. B. Paul, lumber dealer, assigned in Louisville; liabilities, $200,000. 12. F. H. Smith & Co., ship brokers, assigned in New York; liabilities, $300,000. 15. Bonner & Bonner, bankers, failed in Tyler, Tex., for $500,000. 25. First National bank, Wilmington, N. C., failed. 27. Field, Lindley, Wiechers & Co., bankers and brokers, assigned in New York: liabilities, over $1,000,000. DECEMBER. 1. Richmond, Nicholasville and Beattyville railroad, of Kentucky, went into hands of receiver; $3,000,000 in debt. 11. Francis H. Baker & Co., dry goods, assigned in New York; liabilities, $250,000.

18. January 2, 1892 Deseret Evening News Salt Lake City, UT

Article from Deseret Evening News, January 2, 1892

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JUNE 4. Assignment of the Connell-Hall-MeLester company, dry goods house, in Nashviller Habilities, $484,000. 12. Failure of the London and Liverpool ClothIng company and Mack & Co. in New York: Habilities over $250,000. 21. Failure of Sax Bros., bankers, in Nashville, for $000,000. 25. Assignment of the wholesale shoe firm of Emile Marqueze & Co., in Boston: Habilltics, $460,000. JULY. 11. Failure of Hard Bros. & Co., spring bed makers, in Onelda, N. Y., for $125,000. 13. Failure of R. M. Blugham & Co., wagon makers, in Rome, N.Y., for $225,000. 20. Suspension of the Merchants' National bank of Fort Worth. Tex.: Habilities, $500,000, AUGUST. 2. Assignment of Abraham Backer, commission merchant and note broker, in New York: Habilities, $4,000,000. 8. Assignment of the Masonic Savings bank in Louisville, owing $1,000,000. 10. Receiver appointed for the American Wheel company, of Chicago, which has plants in six different states: liabilities. $1,800,000. 21. Seizure of the assetsof the Mexican Northern railway in New York on a claim for $100,000. 22. Failure of S. V. White & Co., grain speculators of New York and Chicago, for nearly $3,000,000. OCTOBER. 19. Assignment of Jonathan Stewart, of Trenton: Habilities. $329,000. 22. Assignment of the Bank of Lewisburg, Tenn. NOVEMBER. 1. Failure of Maverick National bank in Boston: liabilities, $8,000,000. 7. Supension of National bank of Corry. Pa.: liabilities. $740,000 10. Assignment of C. B. Paul, Louisville, lumber dealer. for $200,000. 12. Assignment of H. B. Smith & Co., New York ship brokers, for $300,000. 13. Failure of Louis Adier, New York cloak manufacturer. for $150,000. S. N. Stroube, Californi horse breeder, failed for $150,000. 15. Failure of Bonner & Bonner, bankers, for $500,000, in Tyler, Tex. 20. Shortage of $133,000 causes closing of Milford (Mich.) bank. 23. Failure of First National bank. Wilmington. N. C. 27. Assignment of New York banking firm of Field. Lindley, Wiechers & Co., with Habillties of over $1,000,000. DECEMBER. 1. Receiver appointed for Richmond, Nicholasville and Beattyville railroad, Kentucky: debt. $3,000,000. 11. $250,000 assignment by Francis H. Baker & Co., dry goods dealers of New York.

19. February 5, 1892 San Antonio Daily Light San Antonio, TX

Article from San Antonio Daily Light, February 5, 1892

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LATE TELEGRAMS. BOILED DOWN FROM PRIVATE, SPECIAL AND OTHER SOURCES. Sayers reports a bill covering deficiency for eleventh census. Senate bill creating Fourth judicial district, Utah, passes house. Senate agress to report of committee seating Call, of Florida. The house finishes discussion on rules and adopts them. New Orleans cotton market remains virtually unchanged. Senator Powers' condition is reported greatly improved. Roebling Sons & Co., braiding shop burned at Trenton, N. J.; loss $150,000. Platt and Warner factions in New York are burying the hatchet. All rumors of pending cabinet changes in Mexico are officially denied. Governor of Durango is seriously ill. Grip is disappearing from Vera Cruz. Mexico is suffering severely from the decline in silver. Spurgeon's body has gone on to England for interment. Cardinal Manning died possessed of less than £100. The free coinage of silver is a democratic nightmare at Washington Iowa democratic convention will be held May 11th. Price of grain in the distressed provinces of Russia is falling. The documents and decrees relating to World's fair are officially published in Mexico. Wagner hotel burned at Morganfield, Ky., and other buildings; loss $50,000. New York chamber of commerce has committee of 50 to solicit funds for Russia. Mexican lottery stock goes up from 6 to 10 points owing to fight on New Orleans lottery. Niagara county, N. Y., sends a solid Cleveland delegation to state convention. Thayer, of Nebraska, leaves for Texas, Monday, to remain for a season. Kansas will send a solid sub-treasury delegation to St. Louis, on the 22nd. Steamer Stanley collides with Danish brig Thor, sinks her and all on board are drowned but a boy. The Indians are looking for a Messiah in whose coming they confidently believe. France has a commission in this country, investigating our methods of pork inspection. Two men killed and six hurt by falling scaffolding and stone at Birmingham, Ala. Guatamalan minister goes home to urge acceptance of reciprocity treaty signed at Washington. Beatty is confirmed district judge for Idaho. an administration victory over the Idaho senators. Washington does not believe that Italy contemplates full diplomatic relations at present. Adams Express company at Cincinnati tears no trouble over whole sale dismissal of messengers. West Virginia wants her $152,000 direct tax regardless of what she owes government. House sets apart Friday night session for consideration of private pension bills. The World's fair people will fight to restrict investigation to use of federal money. The Seventh and Mission street property, San Francisco, is selected for new federal building. New York and Western exchanges are fighting the anti-option bill before congress. Chicago, St. Louis, New Orleans, join New York in fighting option bill. West Superior, Wis., sends Its first steel plate to the Whaleback shipyard. The plant employs 1000 men. Freight train C. B. & Q. strikes a broken switch at Lincoln, Neb., piles up the train and kills Engineer Pennigton. Depositors of,Masonicsavings bank, Louisville, want receiver appointed in place of assignee, and ugly charges are afloat. Mrs. Captain Osborne returns to London and surrenders herself, on charge of stealing Mrs. Hargrave's jewels. Would-be lynchers shoot into a colored cabin at Gallatin, Tenn., and kill the mother of the man they were

20. February 5, 1892 Fort Worth Gazette Fort Worth, TX

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Ugly Charges Afloat. LOUISVILLE, Kr., Feb. 4.-The depositors and stockholders of the Masonic savings bank, which assigned last August, held a meeting last night. They claim the affairs of the bank are not being so managed as to net them the largest returns on the assets, and many ask that a receiver be appointed in place of an assignee. Ugly charges are afloat.

21. January 12, 1893 The Princeton Union Princeton, MN

Article from The Princeton Union, January 12, 1893

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Miscellaneou Itesm. A rehearing has been asked in the Indiana apportionment case. New Mexico formally asks statehood through its legislature. Bicycle manufacturers think of constructing a wide asphalt road from New York to Chicago. The programme for the good roads convention to be held in St. Paul Jan. 25 is published. Flora Fontaine, colored, died at Columbia, S. C., at the age of 117. She was brought to that place a slave at the age of fifteen. A bill filed in the circuit court in Chicago charges three men with attempting to wreck the Dakota & Minnesota Stone company. The pope has declined to receive Senor Valeria, the Spanish envoy recently appointed on the ground that he has written immoral novels. Directors of the Masonic Savings Bank at Louisville, which failed, have been sued by the Germania Safety Vault & Trust Company for $375,000, alleging gross negligence on the part of the directors in managing the bank. Another convict dies in the Arkansas penitentiary, and cholera is feared. The mayor of Little Rock orders the arrest of the secretary of state, attorney general and other officials for violating the sanitary ordinance. At a meeting of the various college fraternities of Chicago, held recently, a letter was read from Dr. Peabody, announcing his consent to allot space for an exhibit by the college fraternities at the world's fair. It was agreed that a Greek temple would form a fitting representation of the classic institutions of the country. Chicago is to have a gigantic elephant, larger than the one at Coney Island, which is only 100 feet high. A syndicate, backed by Frank Hall, who with J. Mason Kelly, the Brooklyn architect, constructed the Coney Island affair, will begin work on the new animal building, to be located near the Fair grounds in a short time. America is to have a rim factory. The manager of the Nottingham Machinist Company, limited, of Ikestown, Eng., J. H. Ball, was in Chicago recently. It is the intention of his company to open a factory in this country for the manufacture of Ball hollow tubing, patented, used at present by nearly all the prominent makers of England. Discovery has been made in the Unica mine at Angeles, Calaveras county, of a pocket so rich that a 27 pound piece of rock yielded five pounds of gold; another piece, weighing five pounds held three pounds. The miners say it is the most valuable find known in that rich section. The mine is a steady producer of the mineral. Several weeks ago a vein of high-grade ore was opened in the Prince Albert mine, which joins the town site of Arequa near Cripple Creek, Col. This town site has been patented and lots sold. The Albert vein is supposed to run through these lots, and about 30 prospectors staked out claims on them. The agents of the town site removed the stakes, and if the prospectors attempt to work their claims trouble is likely to follow.