Third National Bank (Baltimore, MD)

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Episode Information

Episode UID
81401250
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
8140 national
Charter Number
814
Start Date
February 7, 1904
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
96301df512bc67ec

Response Measures

None

Description

Bank building was burned in the great Baltimore fire; vaults opened and funds recovered.

Events (4)
1. February 17, 1865 Chartered
Source
historical_nic
2. February 7, 1904 Suspension
Cause
Government Action
Cause Details
Large conflagration (Baltimore fire) destroyed bank building and Governor/authorities imposed a holiday/temporary suspension of normal banking operations
Newspaper Excerpt
The banks burned ... Third National ... several banks destroyed; tenday holiday proclaimed; enforced payment suspended from Feb. 6
Source
newspapers
3. February 23, 1904 Reopening
Newspaper Excerpt
The banks in this city resumed business to-day in all their branches for the first time since the fire. Under Governor Warfield's proclamation the enforced payment of protestable paper has been suspended from Feb. 6, thus making it necessary ... to-day.
Source
newspapers
4. January 31, 1911 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (24)
1. September 24, 1873 Public Ledger Memphis, TN
Article from Public Ledger, September 24, 1873

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# FINANCIAL AND COMMERCIAL. PUBLIC LEDGER OFFICE, MEMPHIS, TENN., September 24, 1873. NEW YORK, September 24.-The Baltimore banks have suspended currency payments. Howes & Macy have suspended. The banks have decided to issue $10,000,000 additional loan certificates. There was an important sale of stocks and bonds at the Merchants' Exchange at 12:30. The associated banks resolved at a meeting to-day to certify all large checks payable through clearing only, and not pay in currency. The stock exchange will remain closed until further orders. The sub-treasury purchased $1,000,000 bonds up to 12:30. LOMDON, September 24.-The house of Clement & Co. has decided to suspend. A dispatch from Berlin annonnces the failure of a bank in that city. £500,000 were withdrawn from the Bank of England to-day for shipment to New York.

2. September 25, 1873 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, September 25, 1873

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MONEY AND COMMERCE. MONETARY. WEDNESDAY EVENING, Sept. 24. The tolographic report of the suspension of the Baltimore banks, and the implied suspons ion of the Now York banks, la liable to bo misunce stood, and the gravity of the situation greatly exaggerated. The New York banks have not entir ly suspended payments, noither have those in Baltimore. In both citios, the banks have simply made n formal announcement of what Ins boon the caso for the last two or three days, viz: that currency is BO scarce that it is impos= sible to got it by the ordinary means of calling in loans. Therefore the banks in thoso citics simply say they cannot pay largo checks in curroncy for a few days, until the currency oxcitoment blows over, which it most unquestionably will. It should, howover, be distinctly undorstood that the banks in thoso cition do nct close their doors; on the contrary, they will oven pay all small checks in currency. It is, of oourso, understood that tho positivo refusal to pay a check for any sum drawn against funds cn doposit to the crodit of the drawer is an act of bankruptcy. But it is not probable that the banks in thoso citios would absolutely and PCEsitively refuse to pay even a check for A largo amount in currency, if the holder of the chock WAS dotormined to prolost it if not paid. With any depositor who was deaf to reason there would be no courso but to pay. It is well known that to pay all deposilors in currency would be utterly impossible, and if they were all HO unreasonable as to dcmaud payment in currency there would be DO sourse but for the banks to suspond entirely,that is, refuse the payment of all checks, This, of course, would be an unfortunate altornative, and the worst possiblo way for doporitors to get their monoy. But the depositors of the banks hold the issuo of this question iu their own hands. It rests entirely with them whether the Now York banks shall go on or not. The case between the Chicago banks and their dopositora is procisoly the same AB in New York, only that the Chicago banks are in a Bounder condition than thoso in Now York. It is the firm conviction of every one who has any intimato knowledge of the Chicago banks that there is nono of the Nationals that would not, if wound up, pay, not only overy dollar of deposits, but the full par valuo of the stock. The doniand for currency arises from the sudden desiro of overy man to convert not only his bank balance, but other marketable property into currency. Each man knowing that it will be impossible for all to this, ondenvors to bo ahead of his neighbors, and get currency out of his bank to the dieadvantage of other depositors. This is just what the savings banks prevent by the requirement of the thirty or sixty days' notico. The commercial banks, however, would have no recourse in such cases but suspension. It would be difficult to say positively whether the aggregato amount of currency in this city is inincreasing largely or not. Wo are clined to think it 18. Thore were undoubtedly somo liberal amounts received from New York. We also hear of a number of instances of currency being sent in from the country to buy wheat at the present ridiculously low prices. In theso cases, however, it is not sent to bauks but to merchauts, and by them paid to other merchants. Many persons, without thinking, are ready to censure the banks for having large balances in New York, and others equally thoughtless are ready to consuro tho New York banks for not remitting currency here more freely. It must be remembered that when the panic broke out the movement of Western products to the East was the largest ever known. All this made exchange on Now York, which it was the ,legitimate business of the banks to buy, and which it was necessary they should buy in order to keep the produce in motion. The banks here had ordered currency from Now York against this oxchange just as fast as they could get it, but it is well known that currency had been extromely scarce for several weeks before the panic and it was impossible for the New York banks to And currency for all the exchange from the West sovoral weeks ago. Thus, the very magnitude of the crops, and the abundance of our real wealth, was the cause of a great relative scarcity of currency before the panic. There is, of course, DO stated price for the loan of money in this market now, but the difference in the prices of whoat yesterday and and to-day for uoller the month soller October," showed that practically the prico of money to carry wheat into October is at the rate of about 20 per cont per month, or tico hundred and forty per cent per annum. Everything was quiet at the banks here today. The clearings were made without any trouble. The amount of checks sent in was smaller than for Home time past-in favorable feature, indicating a quietor condition. The balances also were lighter than usual, and were promptly paid in currency.

3. September 25, 1873 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, September 25, 1873

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PHILADELPHIA. Special Dispatch to The Chicago Tribune. CALMING DOWN. PHILADELPHIA, Sept. 24.-The excitement has almost entirely disappeared. A slight sonsation was caused to-day on receipt of the following telegram WILKESBARRE, Pa., Sept. 24.-Brown & Gray. bankers, suspended this morning. A card posted on their doors given the failure of Henry Clows & Co., of New York, as the cause, but states that the firm will be all right in A few days. Much excitement exists. Also the following : BALTIMORE, Sept. 24.-The associated banks of this city, to prevent a run, have agreed to suspend curronoy payments. The stock market is utterly demoralized and a general panic pervades commercial circice. [This was subsequently contradicted.] Also the following : PATERSON, N. J., Sept. 24.-Four hundred and nfteen more mon are to be discharged from the Rodgers' Locomotivo Works to-morrow, making 1,000 men Inid off this week, or two-thirds of the whole force of the establishment, Leading bankers assured mo to-day of their belief that THE WORST 18 NOW OVER. Confidence is restored, and depositors are returning their hastily-clutched money to their respective banks. Inquiries throughout the interior of the State show that no failures have occurred at Allontown, Bethlohom, Harrisburg, or Reading. The Union Banking Company issued the following tardy circular this morning: PHILADELPHIA, Sept. 22, 1873.-I is our painful duty to announce to you that wo have been compelled to suspend payment. This result was wholly unoxpected to ourselves, but it became necessary in view of the condition of the money market, which immedintaly ensued on the failure of Mesars. Jay Cooko & Co. With an abundance of the best assets, it proved to be impossible to ralso money to meet the immediate demanda of depositors upon any securities. We will submit to you without dolay, and BB speedily as it can be prepared, a statement of our assets and liabilities, together with a proposition which will Insure such an administration of our assets, under the supervision of our creditors, as will insure the very best result for all who are interested. Meanwhile, we nak a brief indulgence, and express the hope that our creditors will ultimately suffer little or no loss. Respectfully yours, N. O. MUSSELMAN, President. JAMES A. HILL, Cashier. [To the Associated Press.] REPORT CONTRADIOTED. PHILADELPHIA, Sept. 24.-The reported suspension of the Juniata Valley Bank at Miflin, Pa., is contradicted.

4. September 26, 1873 The Rock Island Daily Argus Rock Island, IL
Article from The Rock Island Daily Argus, September 26, 1873

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TELEGRAPHIC Suspension Everywhere Waiting to get a New Start. The British Rushing in with Cash to get Bargains. Opening of the Chicago Ex position. Another Fatal Experiment with a Balloon. The U. P. Quarrel About Termini. Other Items of Interest. transpires CHICAGO Sept. It that excited meeting of the Clearing House lasting Association was held last evening. which it made National Henry The point declar the Bank would morning yards and the railroad have issued orders points the On street full. of the country e extremely light being supplying the wants the retail trade Transactions now made only for cur rency feature of the day the arrival several Canadians loaded with United States to buy grain. There trace of panic here Ithough busi in grain and live stock is interfered with SPRINGFIELD III. Sept. 25 There little among but the men and more among bankers, The usual Presidents holding but learn the question the bankers nivided feeling local regarding serious stand come banks Chicago way to speedy PEORIA Ill Sept. 25 Our banks have resolved suspension of such payments would legitimate feeling The general that the banks the right taken LOUIS. run slight been Kansas in bankers payment of checks drafts, either until the dopted this evening New practiced Clearing House issued DESMOINES. The Sept. deal interest. The the people the the Des the dent without tional One the savings owned private banks the President Bank Public has Chicago confidence not in single one but for the temporary stagn and stock trade. nothin usual course of trade would noticed here COUNCIL BLUFFS, Sept There little but here distu ef the bance of business beyond stoppage Our banks the and course the the Chicago and will adopt should measures the occasion seem en quire it. un INDIANAPOLIS Sept. -Considerable caused here this by the of able the adopted by the Chicago and einnati banks, and this pension of the vate banking house of W ooden. Webb Co. ohn MEMPHIS. Sept 25 There is great citement in this city on account of the L pension of banks caused by their inabili realize on securities in New York following named banks have closed day First National Bank. DeSoto Bar Savir and it is reported the Freedman's and Trust Company. There is heavy: on the others NASHVILLE Tenn. Sept. 25 -The tional Banks have suspended payment all checks exceeding $200 SALMA, Ala. Sept. 25 The SelmaS: TH. ing Banks suspended o-day ATLANTA Ga. Sept 25 The Doll Saving Bank this city, suspended day It has securities g't Nation AUGUSTA Ga Sept. 25 The Exchange Bank Merchants' and Plante: National Bank Augusta and the Pla ers Loan and Savings Bank havesusper ban the NEW ORLEANS ,Sept 25 All have suspended currency ments ent. ba A meeting this morning of all the Presidents in the city except two resolv to pay no checks for more than $100 the larger checks be certified the rangement to continue for thirty days The generally approve of per ! course the banks have determined upon BALTIMORE Sept. 25 -The officers the Associated Banks of Baltimore this afternoon and resolved in view present financial panic, not pay money on checks except what may be quired for legitimate business purposes

5. September 26, 1873 New-York Tribune New York, NY
Article from New-York Tribune, September 26, 1873

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New-York Daily Tribune. FOUNDED BY HORACE GREELEY. FRIDAY, SEPTEMBER 26, 1873. At a stormy Erie meeting in London, President Watson received a unanimous resolution of thanks, and announced that his road wanted $30,000,000 at once. The French Conservatives claim a majority of 20 in the Assembly in favor of a monarchical restoration; the Republican members threaten to resign in a body. The Spanish Government has demanded of England the release of the Vitoria and Almanza. = The U. steamer Tigress is still searching for the Polaris crew. Secretary Richardson, Attorney-General Williams, and other officials determined, it is said, after long consultation, that the Government should not use any portion of the legal-tender reserve for the purchase of additional bonds. The banks of Chicago, Cincinnati, Baitimore, Nashville, and New-Orleans have suspended the currency payment of large demands. In St. Louis the bank suspension appears to be total. Failures are reported in New-Brunswick, N.J., Selma, Ala., Indianapolis, MemThe schooner Whiting phis, Atlanta, and Augusta. was wrecked at Grand Haven, Mich., all the crew but one being Descued after a thrilling fight with the waves. = An Anti-Kellogg Convention has been called, to meet at New-Orleans Nov. 24. There were no further suspensions in Wall-st., although aid from the Government in the purchase of bonds was entirely withdrawn. The difficulty in getting foreign exchange has affected the export trade somewhat disastrously. The Stock Exchange endeavored, by the appointment of a Committee, to force settlements upon last week's transactions. The Bank Presidents did not favor the theory of the Stock Exchange 10 regard to the resumption of business. ==== Sprague's attorneys endeavored to show that the money for his investments was borrowed from the Brooklyn Trust Company. The Grand Jury issued a public call for testimony. The District-Attorney refused to announce his intentions concerning the jail frauds. The Committee on investigating department affairs or- The Liberal Republican General Commitganized. tees made arrangements for holding primaries, and listened to Gen. Coctrane's remarks on the issues of the campaign. The Kings County Democratic primaries were held. The Newark Democratic Convention made municipal nominations. = An effort to act on the Police Justice nominations falled in the Board of Aldermen. - The Protestant Episcopal Diocesan Convention was addressed by Bishop Potter. - Prominent delegates to the Conference of the Evangelical Alliance, and Wilkie Collins, arrived. Damaging testimony was adduced in the baby-farming examination. The Harlem Rowing Club's Fall races were pulled, and entries for the National Amateur Regatta were announced. = The New-Jersey section of the NewYork and Oswego Midland Railroad is to return to its

6. September 26, 1873 New-York Tribune New York, NY
Article from New-York Tribune, September 26, 1873

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IN MARYLAND. # PARTIAL BANK SUSPENSION IN BALTIMORE-THE SITUATION IMPROVING BALTIMORE, Sept. 25.-Officers of the Associated Banks of Baltimore met this afternoon and resolved, in view of the present financial situation, not to pay out money on checks except what may be required for legitimate business purposes, the banks to certify all good checks which can be used in business transactions. It is confidently believed here that the banks in the city were never in a sounder condition than at present, and their action this afternoon is recognized as a prudent precaution against any panic. The President of the German Savings Bank states that deposits are in excess of the amounts drawn from the bank. Mercantile and commercial interests of the city, while experiencing to some degree the general pressure and tightness in money, are regarded as being on a safe and sound basis, no failures being at present anticipated. As elsewhere, trade is very limited, no heavy transactions taking place. The feeling to-day, sympathizing with the favorable dispatches from New-York, is much better than for several days previous, and it is confidently expected that business will soon revive.

7. September 26, 1873 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, September 26, 1873

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# BALTIMORE. BALTIMORE, Sept. 25.—The officers of the associ-sted banks of Baltimore met this afternoon and re-solved, in view of the present financial situation, not to pay out money on checks except what may be re-quired for legitimate business purposes, banks to cer-tify all good checks which may be used in business transactions. It is confidently believed here that the banks in this city were never in a more sound condition than at present, and their action this afternoon is recognized as a prudent precaution against any panic. The mercantile and commercial interests of the city, while ex-periencing to some degree the general pressure and tightness in money, are regarded as being on a safe and sound basis. Trade is very limited. The feeling to-day, sympathizing with the favorable dispatches from New York, is much better than for several days previous, and it is confidently expected that business will soon revive.

8. October 1, 1873 Watertown Republican Watertown, WI
Article from Watertown Republican, October 1, 1873

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THE FINANCIAL PANIC. The failure of Henry Clews & Co. the extensive brokers and private bankers, of New York, on the 23d inst. has caused the suspension of their corresponding house in London, and of a banking house at Wilkesbarre, Pa., The Geneea! effect of the Clews suspension has been to check the favorable reaction in New York and elsewhere. The last and only important suspension in New York is that of Howes & Macy, an old brokerage and banking concern. The banks of Baltimore, and also virtually those of New York, have suspended currency pay ments. The great difficulty just now is to turn even good securities into cash. The consequence is a continued stringencyin all the commercial centers and uneasiness everywhere. NEW YORK, September 24-10:30 a in -The Governing Committee has decided not to open the Stock Exchange to-day. No Government bonds have been offered at the Sub-Treasury up to this time. The feeling on the street is rather nervous. Brokers are congregrated in front of the Stock Exchange, but are doing little or no business. A meeting of bank Presidents is now in session, considering measures to be taken in the present emergency. Howes & Macy have suspended. This is the first effect of the suspension, yesterday. of Henry Clews & Co. It was one of the houses mentioned in rumor as likely not to weather the present storm, andits suspension causes other houses. reported as being embarrassed, to be closely watched, rumor having been right this time. NEW YORK, September 24-noon.The Sub-Treasury has bought, this morning, almost $1,000,000 worth of bonds. The Bank Presidents have decided to issue another $10,000,000 of loan certificates. NEW YORK, Septen.ber 24.-The slight run upon some of the savingsbanks, noted from day to day since the beginning of the crisis, has ceased entirely. The principal banks below Fourteenth street were visited this morning, but most of them were unmolested, except by occasional depositors, At the Bowery Savings Bank there were some persons withdrawing small sums. but the demand was nothing in comparison with that of a day or two ago. Some persons who crew their money during the early days of the panic have deposited their amounts again. Two prominent stock houses are receiving their stocks, which they have been !unwilling to do since the closing of the Stock-Exchange. Brokers are beginning to think they can see daylight. Money is about 1 per cent. per diem. There are more failures to report today, and the feeling, although not cheerful, is not disheartening, as at the close yesterday.

9. October 3, 1873 Burlington Weekly Free Press Burlington, VT
Article from Burlington Weekly Free Press, October 3, 1873

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The Action of the Banks. The New York banks, in order to prevent further drain of greenbacks, and new lock-ups of currency, already in too scanty supply, found it necessary to refuse payments of large checks and drafts, while still holding themselves prepared to cash small checks, drawn in the ordinary course of business. Similar action at once became necessary in other monetary centres. Thus the Boston banks found that New Yorkers were picking up Boston checks, and that large sums of greenbacks, were being sent from Boston to New York. They at once held a meeting for concerted action and adopted the same measure of partial saspension. The same causes led to the same precautionary measure] on the part of the banks in Philadelphia, Baltimore, Chicago, Cineinnati, Indianapolis, and other large cities. Probably a majority of the banks of the principal cities of the Union have by this time followed the example of New York. The country banks are not in equal danger of drains of currency, and probably do not in many cases find it necessary to give formalinotice of similar precautions. Yet their attitude, in the nature of things, must be substantially the same. While all goes on quietly and on the usual course of business, they will make no difference in their mode of doing business; but they would unquestionably meet any concerted or unusual demand for currency, by a refusal to pay greenbacks and a tender of some other form of payment, as certified checks, or drafts. Our Burlington banks are sound and strong ; and as long as our business men and community generally keep their heads, and make no unnecessary or unusual demands. they will unquestionably keep right on in the ever. tenor of their way, responding as usual to all ordinary demands. While the banks tbus do their duty, it is for the community to remember that a duty also rests with them. No one should hoard greenbacks, or needlessly withdraw them from circulation. Let every one that has cash use what he needs, and thus keep it moving; and deposit what he does not need in the banks, to help keep up their supply of currency. With such wise action, there need not be, and we suppose there will not be, any disturbance of the usual course of business among us.

10. December 28, 1900 Daily Inter Mountain Butte, MT
Article from Daily Inter Mountain, December 28, 1900

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Baltimore, Dec. 28.-Because of the appointment of a receiver for the Old Town bank. a general run was made on all of the city banks. It was soon stopped.

11. December 28, 1900 Daily Inter Mountain Butte, MT
Article from Daily Inter Mountain, December 28, 1900

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CONDENSED TELEGRAMS San Francisco, Dec. 28.-Many ships are overdue at the port here, and much anxiety is shown in the shipping interests. Helena, Dec. 28.--The postmaster of East Helena was held up by footpads, Christmas night, and robbed of 65 cents, all he had. Chicago, Dec. 28.-The police claim to have evidence that Crowe, the Omaha kidnaper, spent some days here, masquerading as a woman. Helena, Dec. 28.-A coroner's jury decided that the death of Nicholas Kohr, who fell from the state capitol building was due to his own carelessness. Baltimore, Dec. 28.-Because of the appointment of a receiver for the Old Town bank. a general run was made on all of the city banks. It was soon stopped. Washington, Dec. 28.-The war department has purchased the large transport Samoa, now in the Pacific, for transporting the volunteer army home from Manila. Barre, Vt., Dec. 28.-The chief of police here, after quelling a row at an Italian ball, was shot by two or three assailants, as he left the hall, and will probably die. Washington, Dec. 28.-Reports say that the rebels are being steadily defeated in Colombia, South America, and that the governmen t is steadily gaining strength. San Francisco, Dec. 28.-The new Oceanic steamer Sonoma, made a record breaking run of 38 days and 9 hours around the Horn from Philadelphia, where she was built. Fargo, N. D., Dec. 28.-The Russian settlers in McHenry county are suffering severely from hunger. They came too late in the year to raise crops to feed themselves through the winter. Phoenix, Ariz., Dec. 28.-A lone highwayman held up the stage near Hot Springs, yesterday, getting $50 from the private express box, and it is reported a large quantity of gold dust. Washington, Dec. 28.-Nothing is known at the White House of the reported invitations to the Kaiser and the Prince of Wales to attend the yacht races next fall, the guests of the nation. Pittsburg, Dec 28.-A strike in the Barnesboro district, because of the introduction of machines in the mines, bids fair to spread over the whole of the anthracite country. Washington, Dec. 28.-It is expected that the Hawaiian legislature will take action to pay the claims of the Chinese and Japanese who lost property in the

12. October 21, 1903 Bismarck Daily Tribune Bismarck, ND
Article from Bismarck Daily Tribune, October 21, 1903

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NO FURTHER FAILURES. Baltimore Financial Institutions Continue Business. Baltimore, Oct. 21.-All the banks and other financial institutions in Baltimore were opened promptly at the customary hour of 10 o'clock and those who may have had any fears that the beginning of the monetary day would be signalized by the announcement of other trust companies following in the wake of the Maryland and Union companies were agreeably disappointed. Not only did every institution open but among local financiers generally there was a uniform expression of confidence that no other suspensions are now probable and that what ever of panicky feeling was manifested the previous day has practically disappeared. It is true, however, that while the financiers themselves and the brokers and bankers around South and German streets maintain an air of serene confidence, there is a degree uneasiness in the popular mind expected that this feeling may a more voluminous withdrawal of ieposits during the day than usual. But there is no reason for anticipating that there will be anything like a run on any of the banks.

13. February 9, 1904 The Washington Times Washington, DC
Article from The Washington Times, February 9, 1904

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OUTSIDE BANKS TO AVERT PANIC Hundreds of Thousands in Buried Vaults. NEW YORK OFFERS ITS AID Clearing House Extends Unlimited Credit and Funds to Baltimore Business Interests. BALTIMORE, Feb. 9.-Buoyancy was supplied to the situation among the bankers and the moneyed interests of the city today by the zeal and readiness displayed by banks and financial institutions in other cities to lend aid in any sum. An offset to the temporary paraylsis produced by the destruction of fourteen banks and the temporary withdrawal from circulation of hundreds of thousands of dollars which is in vaults that are buried in the debris, came when the clearing house met this morning.* Unlimited Credit. A dispatch received from the New York clearing house was read. The New York institution offered to give the Baltimore banks unlimited credit and funds. Following this, Craig Colgate, representing Halsey & Co. and the First National Bank of New York, arrived in the city. Mr. Colgate immediately sought Mayor McLane, and said to him: "Mr. Mayor, I am empowered to lend to the city any sum you need up to $1.000,000. You may have it on demand, and keep it as long as you like." Mayor McLane expressed his appreclation of the proffer and promised to avail himself of it if necessary. The Banks Burned. Among the banks which were burned are the National Exchange, National Marine, Mechanics' National, Merchants' First National, Third National, Farmers and Merchants'. and the Union National Plans are being laid to begin the work of resurrecting the bank vaults and recovering the treasures within them. This task can hardly be begun before tomorrow. By that time the ruins probably will be sufficiently cooled to permit of excavation operations.

14. February 10, 1904 The Washington Times Washington, DC
Article from The Washington Times, February 10, 1904

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Cash and Securities Found in Good Condition. Work of Rebuilding the City Already in Progress. All Danger of Famine or Financial Stringency Past. BALTIMORE, Feb. 10.-The actual work of rebuilding Baltimore was begun this morning. All danger of any financial stringency regulting from the fire ended at daylight. Millions of dollars are coming into the city from all parts of the country. Two millions were received by local national banks from New York: one million from Philadelphia, and almost as much from Washington and Chicago. Work on Vaults. So rapidly have the great piles of brick and debris in the burned district cooled that work on nearly all vaults was begun before noon. The vaults and safes of the First National. the Third National, National Bank of Commerce. Farmers' and Mechanics'. the Mercantile Trust Company, the Mechanics' National, Merchants' and Farmers'. and Union National were opened this morning and the contents were found to be in excellent condition. From these vaults there were taken $15,700,000 in money and $125,000,000 in securities. All of this was taken to the temporary offices of the banks, which have been established in all sorts of queer structures. The valuables are taken from the ruined structures and conveyed away in carriages guarded by details of troops. Armed to the Teeth Clerks are inside the carriages armed to the teeth and the soldiers on top of the coaches have their rifles loaded with ball cartridges. Vehicles thus protected are going in all directions through the streets. which, with the squads of soldiers in all parts of the devasted district. gives the city the appearance of a great armed camp. Tt was said this morning by a bank president that there is nearly a billion dollars counting all sorts of securities under the debris. Much of this is going to be removed before tonight. The first out of town money to reach the city came to the National Mechanics' Bank. Plenty of Money. To the correspondent of The Times, President John B. Ramsey of the bank. said: "I know there is much anxiety among business men all over the country as to the possibility of getting money. but there is no occasion for this lack of confidence. As an instance I might cita the Philadelphia Baltimore and Washington Railroad Company. Their representative came to me. saying: 'Where are we going to get money for our pay day Wednesday. I replied, 'Right here. "I suppose this feeling of anxiety originated from the proclamation of a tenday holiday. This was done only to cover the legal phases of financial transactions that might have to be delayed until the banks could get into working shape In temporary offices. No, there need be no fear of a financial stringency, and the fire insurance companics will expedite payments to enable merchants to resume rapidly For $60,000,000. The fire Insurance men have with them certified checks at their headquarters in the Lexington Hotel for $60,000,000, and the first payments were made this morning. The agents declined to name those who were paid. but they said that $2,468,345 had been paid out before 12 o'clock. "We have the money. the claims are good, and all we want is to have them presented, saii a prominent agent. "We hope to facultate matters by paying at once. We expect to pay out twenty-five millions today If the people come for it." The food famine did not appear and prices dropped today to nearly normal. The Baltimore and Ohio and Pennsylvania both came to the aid of the city with extra trains and impromptu mar(Continued on Fourth Page.)

15. February 11, 1904 The Savannah Morning News Savannah, GA
Article from The Savannah Morning News, February 11, 1904

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MEN OF ACTION RALLY TO THE AID OF BALTIMORE DECIDED TO ASK THE GOVERNMENT FOR FEDERAL TROOPS MILITIAMEN ARE BANKS AND INSURANCE MEN HARD AT WORK. NOW WORNOUT DESTROYED THE ORUISER VARIAG AND THE GUNFinancial Efforts Made for the ReKORIELZ. lief of Baltimore. Baltimore, Md., Feb. 10.-FinanSituation in the Stricken City Has cial institutions are to-day busily engaged in carting their securiBegun to Clear Visibly-Important ties and funds to temporary offices Conference Was Held-Necessary SSO-JAPANESE WAR outside the confines of the burned disto Get the State's Consent for Fedtrict. By 8 o'clock express wagons first twenty-four hours of the war with Japan show and other available conveyances were eral Troops to Do Duty-People way or another and that the Japanese did not lose a backed up to banks and trust comAre Encouraged by the March of pany buildings, preparatory to removing all books, papers, funds, etc. Events. Arthur. One national bank was opened toArthur. Baltimore, Feb. 10.-The situation in day, and it was found that all the Arthur. stricken Baltimore began to visibly securities and money were as safe as at Port Arthur clear to-day after a conference at the on the day they were placed in the vault. Belvidere Hotel between Mayor McLane, a special joint committee of the Building Inspector Preston was a Legislature and a delegation of promivery busy man to-day, owing to the nent business men. This conference clamor for permits by large business Corea. emuipo, was arranged with a view of meeting and financial houses to rebuild. To the Corea. for a practical way the awful exigency Associated Press Mr. Preston said: Orel, Peresviet, Probieda. Sebastopol, Patropavlovsk; which this community now faces. "The spirit shown by those who sufGromovoi, Rossia, Rurik and Bayan are left at or near At this meeting, besides the Mayor, fered by the fire is truly remarkable. there were present influential members Without waiting to have their insurance adjusted the business and finanof the state law-making body. the board of public works, a dozen bank cial concerns are ready and anxious to presidents, former Governor Smith, go ahead. I am compelled, however, HAY WAS ACTING ON United States Senator-elect Rayner, to withhold all permits for building TAKEN. HINTS OF COMBATANTS. purposes within the fire lines for sevand several of the leading citizens. The supreme question to be decided eral days. The burned territory is too Was Variag It Was Known They Desired the LoCapdangerous for any large force to work was that of calling upon the national calization of the War. Destroyed. in the buildings now." government for soldiers to take the Feb. 10.-A cableWashington, Feb. 10.-Having reMr. Preston is engaged in clearing places of the two state militia regiPress from ociated ceived enough favorable replies to inall the streets that run through the ments, now doing police duty in the that the Russian sure the concurrent action of Eurofire district. All loose walls that can burned district. The constitution of was to reported pean powers in his endeavor "to lobe safely razed with ropes are being Maryland requires that no such reat Chemulsterday taken down by the laborers. All other calize within as small an area as posquest can be made of the President, exwas fleet, sible the hostilities in the Far East walls that are dangerous will be blown captured cept by authority of the State Legisdown with explosives. and to insure over as much of China lature. The Legislative Committee that states in Stick to Estimates. as possible her neutrality,' Secretary was present to hear the views of the vessels damHay to-night addressed notes to RusInsurance men seen to-day as a rule Mayor and officers of the city on that at Port attack sia and Japan, inviting their co-operstick to the estimates made yesterwere vessels point. ation in this endeavor, and announecapday on insurance losses, There is still ing that the United States stood stalA brief discussion showed the belief at that Nagasaki wartly for this principle. a wide difference of opinion among of those present that this is not a time at arrived HarIt was known in advance that both them. A minority express the belief for sentiment as to the ability of the the of Russian the combatant powers desire the lothat when all the adjustments have calization of the war. state to take care of itself. and that been made, the insurance companies the United States soldiers were needwill not have to pay more than $60,ed and needed at once. On this score, 000,000, while others think that $100,it was shown that the militiamen were 000,000 will not more than cover the already much exhausted by their long insurance. Between $80,000,000 and continued sentry duty, that they $90,000,000, however, is the prevailing should be relieved in order that they estimate. might return to their several vocations, A number of large vaults and safes and that the militia on active duty is were opened to-day and in each of costing the state $50,000 a day. them the contents were found to be Committee Promised Support. in good condition. Four hundred thouMayor McLane was particularly insand dollars in coin and legal tender sistent that to efficiently guard the notes was taken from the vaults of the hundreds of millions of treasure that Third National Bank and sent to the lie buried beneath the smouldering vaults of a bank outside the fire disruins called for the strong arm of the trict. A heavy guard of soldiers acfederal soldiers. The announcement companied the money. of the legislative committee that it The bankers of the city are doing would recommend at once the imtheir best to help the financial situamediate passage of the necessary restion, some of the burned-out banking olution was received with pleasure by houses resuming business in a small the officers and business men present. way at their temporary quarters. Most There is every assurance that a. naof the checks for small amounts pretional cordon around the devastated sented to-day were cashed, but those region will inspire a feeling of hopeful for large sums were not paid in full. confidence in the future. Sympathy and Aid Offered. Mayor McLane's announcement that Telegrams, letters and resolutions ofhe will appoint an emergency commitfering aid or sympathy are still being tee of citizens to act as an advisory received at the Mayor's office. Among board of municipal officials, is a great them was a cablegram from Liverpool step forward in the way of putting announcing that at a representative the situation upon a practical, busimeeting of the tradesmen of that city nesslike basis. a resolution was unanimously passed There is no doubt that within the tendering the sympathy of that city to past twenty-four hours the business the citizens of Baltimore. A letter from Japanese squadmen of Baltimore have been aroused the local German consul was also reat is Korielz, in an extraordinary degree to the imceived, in which he stated that he had It one of is portance of doing everything possible the been directed by Baron Von Rheinbato keep their trade advantage from which ben, Imperial Secretary of State of Gervolume of slipping away. Merchants and bankmany, to extend the sympathy of the and high ers have been conferring to-day on German empire. the is tide thirtythis subject, and the prevailing conThe insurance underwriters put in a trade chief of Continued on Fifth Page. Continued on Fifth Page.

16. February 12, 1904 The Semi-Weekly Messenger Wilmington, NC
Article from The Semi-Weekly Messenger, February 12, 1904

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men seem today as a rate to stick to the estimates made yesterterday on insurance losses. There is still a wide difference of opinion among them. A minority express the belief that when all the adjustments have all been made, the insurance companies will not have to pay more than $60,000, 000. while others think that $100,000,000 will not more than cover the insurance. Between $80,000,000 and $90,000,000, however, is the prevailing estimate. A number of large vaults and safes were opened today and in each of them the contents were found to be in good condition. Four hundred thousand dollars in coin and legal tender notes was taken from the vaults of the Third National Bank and sent to the vaults of a bank outside the fire district. A heavy the guard of soldiers accompanied money. The bankers of the city are doing their best to help the financial situation, some of the burned out banking houses resuming business in a small way at their temporary quarters. Most of the checks for small amounts presented today were cashed. but those for large sums were not paid in full. OFFERS OF AID. Telegrams, letters and resolutions offering aid or sympathy were still being received at the mayor's office. Among them was a cablegram from Liverpool announcing that at a representative meeting of the tradesmen of that city resolution was unanimously passed tendering the sympathy of that city the citizens of Baltimore, A letter from the local German consul was also recelved in which he stated that he had been directed by Baron von Rheibaben imperial secretary of State of Germany, to extend the sympathy of the German Empire. The insurance underwriters put in a very busy day, perfecting their organization and preparing to get at the work of adjusting the losses. About a dozen "loss committees" were appointed and tomorrow these will get to work adjusting the insurance. The insurance companies are also cooperating with the bank people in their efforts to relieve the financial situation. The largest companies and some of the smaller ones. too, have decided to mediately pay fifty per cent. of amount of the claims presented to them where the loss was total or nearly so, leaving the remainder to be paid after the insurance has been finally adjusted. A few small claims were paid by some companies today. The local firemen were considerably alarmed about 1:30 p. m. today when in responding to an alarm from the residential section. they saw fire issuing from the roof of the home of the late John E. Hurst, on Cathedral street. The disaster of February 7 started in the business house of John E. Hurst. The fire proved to be burning of soot in a chimney and was extinguished be. fore damage was done. The police tonight captured John Butts and George Cave. of Philadelphia. Butts is alleged to have sand-bagged a bank runner in Philadelphia in 1898 and is also said to have had experiences in Washington JACKSONVILLE OFFERS AID. Jacksonville, Fla., February 10.-At the regular meeting of the Jacksonville board of trade today the action of the president of the board on sending the following telegram to the Baltimore chamber of commerce was approved. Jacksonville, Fla. February 9. Charles C. MacGill, President of the Chamber of Commerce, Baltimore, Md. We extend the sympathies of our organization to your people. Can well be of any assistance? Would like to present the matter at our regular meeting tomorrow. (Signed.) C. E. GARNER. President. Jacksonville Board of Trade. No answer has yet been received to this telegram or to the telegram from the mayor of Jacksonville to the mayor

17. February 12, 1904 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, February 12, 1904

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# Council Will Meet To-night to # Consider This and Other # Matters. # Banks Resumed Business This # Morning and Paid All Checks # Presented. # Insurance Companies Have Now # Paid $10,000,000 in Losses # -More Ready. Baltimore, Feb. 12.—Baltimore is gradually resuming its normal condi- tion. All the banks opened to-day in their temporary quarters, at the usual banking hours, well supplied with funds to meet the demands for weekly pay rolls and for all ordinary needs of those who have money on deposit. Hundreds of depositors presented checks, and all were promptly cashed. Monday the regular clearings will begin, and general banking operations will be resumed. The vaults of all the national banks in Baltimore have now been opened, the last one having been inspected to-day, and in each the contents were found to be safe. To minimize the hardships under which the inhabitants now suffer, Mayor McLane and his municipal associates have decided temporarily to suspend the collection of taxes and water rents, it having been discovered that the city has enough money on hand, the result of large collections in January, to meet all requirements for some time to come. The mayor has called a special session of the city council to-night to consider legislation as to a realignment of public thorofares in the burned district and the reconstruction of public buildings. # Insurance Claims Paid. Several insurance claims were paid to-day and leading agents here say that at least $10,000,000 has already been paid out and that many millions in checks have been received here and are now on deposit ready to be paid out after some partial adjustments have been made. The big companies have deposited a much larger amount in New York subject to the order of agents. Squads from the street cleaning department started into the burned dis- trict this morning and the work of pulling down walls, removing debris and digging out safes was resumed. Marshal of Police Farnam reports that there have been fewer cases of robbery or lawlessness in the city since the fire than before, so well is the city patrolled. # Message From the Pope. Among the messages of sympathy received was a communication from Mgr. Falconi, the apostolic delegate at Washington, containing the following from the pope: His holiness, deeply moved by the news of the great calamity which has recently visited the city of Baltimore, desires your excellency to convey to the honorable mayor and the people of Baltimore his sincere sympathy. He prays that they can stand the severe loss their city has suffered, and that it will continue to pro- gress. -Cardinal Merry del Val. # No Outside Aid Needed. At a conference held to-day between the mayor and the citizens' committee it was decided that no call would be made for outside as- sistance. If it is found necessary later on the municipality will float a loan to meet all needs.

18. February 12, 1904 New-York Tribune New York, NY
Article from New-York Tribune, February 12, 1904

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NewDork Daily Cribence FRIDAY, FEBRUARY 12, 1904. the NEWS THIS MORNING. FOREIGN.-The Russian Baltic Sea fleet have has There may started been a for third the sea Far fight; East. the Admiral dispatches Alexieff do was not this clear. make to the supreme command of Far the East. Russian appointed both land and sea, in the of forces, St. Petersburg reports bombardments saying Arthur on Tuesday and Wednesday, suffering Port fleet withdrew after is renewal of the as the Russians expected, severe that the losses; Japanese however, a Arthur; bombardment were the tearing report buildings in Port Manchurian of down the high blowing up of a bridge on the The is confirmed from Tien-Tsin. Railway censorship still prevails at the St. strict press and in the absence of news battles Petersburg, is fed on all sorts of stories of populace by sea and land and Russian victories. the Japanis great rejoicing in Tokio over paThere victories: on Wednesday night crowds ese streets with bands and transparencies; were cheered The Mikado has a the peared. the raded British the wherever issued and giving they procla- apofficially declaring war Constantinovitch mation therefor. Nikolai and reasons Mikhaflovski, the Russian critic, author Four publisher, died at St. Petersburg. were drowned off the coast of the Luzon, P. of a small boat in a storm; setting Province Americans of Tayabas, men. I., by two the were upteachers and two medical Roosevelt issued a directing citizens of war strict neutrality in proclamation States DOMESTIC.-President to observe the the Senator United between Russia and Japan. Hanna's condition was reported by his physiclans to be extremely serious, his temperature caused pulse having increased and the fever greater and weakness. The State Railroad Commissioners made sweeping recommendations street the better management of elevated and for railroad traffic in Manhattan and Brooklyn. Baltimore banks resumed business; sev- is eral streets were cleared of debris; the The city Rev. not likely to need outside aid. Dr. Richard H. Nelson, of Philadelphia, was Alchosen Bishop Coadjutor of the Diocese of The American Exchange National Bank bany. of Syracuse, was closed by a National Bank Examiner. Swollen rivers in Penn- A sylvania flooded factories and homes. bold attempt was made to dynamite a bridge at Conn., the result, most probably. of labor troubles. Ansonia, Six "cattle kings" were arrested for fencing-in government lands. CITY-Stocks were dull at email net the A victory was gained in transfer changes. fight, the Interurban giving transfers A et the four chief points in dispute. permanent receiver was appointed for the NewYork Building Loan Banking Company. brought to make the United States pay a on Steel A suit Corporation was dividend the Japanese its common stock A speech by Minister, Kogoro Takahira, defining Japan's for warring with Russia, was read at of the Silk to the wife of reasons vorce the dinner was granted Association. DeWitt fifteen A Clin- min- d1ton West, after a jury deliberated Chief Croker was in command fire near the a at utes. threatened a spectacular Fire block It was waterfront learned that that Mayor McClellan approved a plan to connect by the Manhattan ends of the two big bridges It was reported an elevated structure. that a number of small insurance companies which suffered heavily by the Baltimore fire would be absorbed by larger ones. THE WEATHER.-Indications for to-day: Fair. The temperature yesterday: Highest, 27 degrees; lowest, 11.

19. February 17, 1904 Mower County Transcript Austin, Lansing, MN
Article from Mower County Transcript, February 17, 1904

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CONDITIONS BECOMING NORMAL. Business at Baltimore Assuming a More Hopeful Aspect. Baltimore, Feb. 16.-The business situation was given a cheerful aspect Monday by the resumption of operations by the Clearing House association, the first since Feb. 6, and was materially strengthened by the fact that the clearings were about three times the normal daily amount. Another incident which gave an emphatic stimulus to public confidence was the opening of all the savings banks, there having been a run on none of them, and all receiving substantial deposits. The decision of the Stock Exchange to postpone resumption of trading until Feb. 24 is generally approved, as the postponement will give ample time for determining values of securities. There is an abundance of money in Baltimore. Since Saturday morning more than $3,000,000 in small notes and silver coin has been received at the United States sub-treasury. Fifteen companies of militiamen were ordered home Monday, it having been decided by Mayor McLane that there was an excess of soldiers around the fire district.

20. February 19, 1904 The Kimball Graphic Kimball, SD
Article from The Kimball Graphic, February 19, 1904

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# BIG FIRM FAILS. Baltimore Insurance Comp-- Coulu Not Recover From Effects of Fire. Baltimore, Md., Feb. 17. Richard F. Post was appointed receiver for the Peabody Fire Insurance company of Baltimore. The company lost $700,000 by reason of the fire. It had assets of only $300,000. The authorities have decided the fif- teen companies of troops now policing the fire district are no longer needed and the guards have left for their homes. All the savings banks opened for business today. Deposits were made at all of them. The clearing house resumed opera- tions today. Business will be conducted as usual by the banks during the per- iod of the holiday, with the exception of forced payment of notes. All banks are well supplied with money.

21. February 23, 1904 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, February 23, 1904

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# News of the Day. President John F. Smith and seven of the 12 Mormon apostles have been summoned as witnesses in the Smoot case. Mr. Frank Ehlen has been appointed receiver by Judge Morris in the United States District Court, of Baltimore, for the Queen Anne, Maryland, Railroad Company. The holiday period for Baltimore as fixed by Governor Warfield has expired and the local banks will resume business today in all branches for the first time since the conflagration. The blowing up of a Pennsylvania Railroad locomotive at Ehrenfeld, Pa., last night, caused the death of three men and the probable fatal injury of two others. All were railroad employes. A telegram from Tsienan-Fu, capital of the province of Shantung, China, states that hundreds of lives were lost by the bursting of a dam in the Huangho river and that several villages have been destroyed. Six men, including Capt. Harvey McClelean, and Mate John McCumber, were lost yesterday in the wreck of the three-masted schooner Benjamin C. Cromwell, off Bellport, L. I. Two men of the eight on board came ashore on bits of wreckage and were taken to the Bellport life-saving station exhausted. Anna T. French, who for several months was the maid of Mrs. Payne, wife of Postmaster General Payne, in Washington, was arrested yesterday afternoon at the home of friends in the Park Slope district, Brooklyn. It was announced at the Brooklyn detective bureau that she turned over the jewelry worth $1,800 and $55 of the $150 in cash that was stolen from the Payne apartments in Washington last Thursday. Having lost $600,000 by the fall in steel, Mrs. Maria T. Kunzman committed suicide in New York yesterday.

22. February 24, 1904 The Indianapolis Journal Indianapolis, IN
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# BANKS OF BALTIMORE # RESUME BUSINESS BALTIMORE, Feb. 23.-The banks in this city resumed business to-day in all their branches for the first time since the fire. Under Governor Warfield's proclamation the enforced payment of protest-able paper has been suspended from Feb. 6, thus making it necessary for all who have matured obligations to take care of them before the close of banking hours to-day. The Baltimore Stock Exchange will not resume until to-morrow.

23. February 26, 1904 The Forrest City Times Forrest City, AR
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BALTIMORE BANKS RESUME. All Branches of Business In the Bal. timore Banks Were Resumed Tuesday. / Baltimore, Feb. 24.-The banks in this city resumed business Tuesday, in all their branches for the first time since the fire. Under Gov. Warfield's proclamation, the enforced payment of protestable paper has been suspended from February 6, thus making it necessary for all who have matured obligations to take care of them before the close of banking hours Tuesday.

24. February 26, 1904 Twice-A-Week Plain Dealer Cresco, IA
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# Banks Resume Business. Baltimore, Md., Feb. 24.-The banks in this city resumed business Tuesday in all their branches for the first time since the fire. Under Gov. Warefield's proclamation the enforced payment of protestable paper has been suspended from February 6, thus making it necessary for all who have matured obligations to take care of them before the close of banking hours. The Baltimore stock exchange will not resume until Wednesday.