8909. First National Bank (Benton Harbor, MI)

View Charter #4261 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4261
Charter Number
4261
Start Date
September 18, 1897
Location
Benton Harbor, Michigan (42.117, -86.454)

Metadata

Model
gpt-5-mini
Short Digest
37444256

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1897-09-21
Date receivership terminated
1900-05-31
OCC cause of failure
Excessive lending
Share of assets assessed as good
33.5%
Share of assets assessed as doubtful
58.8%
Share of assets assessed as worthless
7.7%

Description

The First National Bank of Benton Harbor closed (did not open) on Sept 18, 1897 and was placed in receivership (D. D. Ainger / Daniel B. Ainger) later (reported Sept 21-22). Causes are clearly bank-specific: bad loans and speculative misconduct by former cashier James (E.) Bailey. Newspapers mention crowds of anxious depositors but no explicit, discrete misinformation-caused run. Classified as suspension leading to permanent closure/receivership.

Events (5)
1. March 15, 1890 Chartered
Source
historical_nic
2. September 18, 1897 Other
Newspaper Excerpt
There is a crowd of anxious depositors about the door. They attribute the bank's embarrassment chiefly to bad loans.
Source
newspapers
3. September 18, 1897 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed after losses from bad loans and speculative investments by former cashier James (E.) Bailey; large amount of real estate taken as security not available to pay depositors.
Newspaper Excerpt
The First National Bank of this city did not open for business today, and National Bank Examiner George B. Caldwell of Detroit is in charge.
Source
newspapers
4. September 21, 1897 Receivership
Source
historical_nic
5. September 21, 1897 Receivership
Newspaper Excerpt
The First National bank of Benton Harbor, Mich., was on September 21, 1897, placed in the hands of Daniel B. Ainger, receiver.
Source
newspapers

Newspaper Articles (20)
1. September 18, 1897 Evening Star Washington, DC
Article from Evening Star, September 18, 1897

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Article Text

BENTON HARBOR BANK CLOSES. Special Examiner in Charge-Will Probably Pay 75 Per Cent. BENTON HARBOR, Mich., September 18. -The First National Bank of this city did not open for business today, and National Bank Examiner George B. Caldwell of Detroit is in charge. About $30,930 is due depositors, and it is generally believed that 75 per cent will be about as much as will be realized. The suspension is not wholly a surprise. Deposits have decreased about $50,000 during the past three months. The bank's capital stock was $50,000, with surplus of $10,000. James Bailey, cashier, makes no statement excepting that in his opinion depositors will be paid in full. There is a crowd of anxious depositors about the door. The attribute the bank's embarrassment chiefly to bad loans. Bank Examiner Caldwell says that the failure was due to the speculations of exCashier James Bailey, "whose unwise investments and dangerous speculative tendencies led to his removal last June." The bank is also burdened with a large amount of real estate, taken as security, which is not available for paying depositors. A thorough investigation will be made.

2. September 18, 1897 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, September 18, 1897

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Article Text

Bank Failure. BENTON HARBOR, Mion., Sept. 18. -The first national bank of this city did not open for business this morning and National Bank Examiner Geo. B. Caldwell of Detroit, is in charge. About $90,000 18 due depositors and it is generally believed that seventy-five per cent will be about as much as will be realized. The suspension is not wholly a surprise. Deposits have decreated about $50,000, with a surplus of $40,000. James Bailey, cashier, makes DO statement excepting that in His opinion depositors will be paid in full. There 18 a crowd of anxious de. positors about the door. They attribute the bank's embarrassment ehiefly to bad loans.

3. September 19, 1897 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, September 19, 1897

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Article Text

FAILURE OF A BANK. First National of Benton Harbor, Mich., Forced to Close. BENTON HARBOR, Mich., Sept. 18,-The First National Bank, of this city, did not open for business to-day, and National Bank Examiner George B. Caldwell, of Detroit, is in charge. About $90,000 is due depositors, and it is generally believed that 75 per cent. will be about as much as will be realized. The suspension is not wholly a surprise. Deposits have decreased about $50,000 the past three months. The bank's capital stock was $50,000, with a surplus of $40,000. James Bailey, cashier, makes no statement except that in his opinion depositors will be paid in full. Examiner Caldwell says the failure was due to the speculation of ex-Cashier James E. Bailey, "whose unwise investments and dangerous speculative tendency led to his removal last June." The bank is also burdened with a large amount of real estate taken as security, which is not available for paying depositors, A thorough investigation will be made.

4. September 19, 1897 New-York Tribune New York, NY
Article from New-York Tribune, September 19, 1897

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FAILURE OF A MICHIGAN BANK. THE FIRST NATIONAL OF BENTON HARBOR SAID TO HAVE BEEN WRECKED BY ITS CASHIER'S SPECULATIONS. Benton Harbor, Mich., Sept. 18.-The First National Bank of this city did not open for business to-day, and Bank Examiner George B. Caldwell, of Detroit, is in charge. About $90,000 is due to depositors, and It is generally believed that not more than 73 per cent will be realized The suspension is not wholly a surprise. Deposits have decreased about $50,000 in the last three months. The bank's capital stock was $50,000. with a surplus of $40,000. The cashier makes no statement except that in his opinion depositors will be paid in full. There was a crowd of anxious depositors about the door. They attributed the bank's embarrassment chiefly to bad loans. Bank Examiner Caldwell says that the failure was due to the speculations of James Bailey, the former cashier, "whose unwise investments and dangerous speculative tendencies led to his removal last June." The bank is also burdened with a large amount of real estate taken as security, which is not available for paying depositors. A thorough investigation will be made.

5. September 19, 1897 Kansas City Journal Kansas City, MO
Article from Kansas City Journal, September 19, 1897

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Michigan National Bank Fails. Benton Harbor, Mich.. Sept. 1S.-The First National bank of this city did not open for business to-day. About $90,000 is due depositors, and it is generally believed about 75 per cent will be as much as will be realized. The suspension is not wholly a surprise. It is said to be due to wild speculation by a former cashier.

6. September 20, 1897 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, September 20, 1897

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BRIEF BITS OF NEWS. The First national bank of Benton Harbor, Mich., has suspended. The Paris municipal council is debating a scheme to furnish cheap baths in small buildings erected on the sidewalks. The president has arranged to leave Washington early in the week for a short visit to Massachusetts as the guest of W. D. Plunkett at North Adams. The London county council has undertaken to reform or abate the noises in the streets of that city so far as the shouting of newspaper boys is concerned. The cablegram announcing the recall of Baron Fava has been verified. He is to be retired from active service and the

7. September 20, 1897 Evening Journal Wilmington, DE
Article from Evening Journal, September 20, 1897

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CONDENSED DISPATCHES. A man named Hamilton is under arest at New Philadelphia, Ills., charged with forging $1,200 worth of express money orders. Silas C. Croft has been appointed surveyor of customs for the port of New York. Two sailors were drowned by the wrecking of an Italian bark from Seat. tle, Wash., for Peru. The treaty of peace between Greece and Turkey has been signed. A deputy sheriff, trying to arrest violaters of the game laws near Paradox lake, was killed. A son has been born to the duchess of Marlborough, nee Consuelo Vanderbilt. The First National bank, Benton Harbor, Mich., has suspended payment. Henry W. Sage, one of the chief benefactors of Cornell university, is dead. Président Diaz made a speech deploring the lynch of his assailant. New York state Republican committee has nominated Judge William J. Wallace for chief judge of the court of appeals.

8. September 22, 1897 Morris Tribune Morris, MN
Article from Morris Tribune, September 22, 1897

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FINANCE AND TRADE. The First national bank of Benton Harbor, Mich., has suspended. Importation of hides from districts where anthrax exists will be prohibited. An advance of 50 cents a ton on Bessemer pig iron has occurred at Cleveland. It is reported from Chicago that the three great biscuit trusts have consolidated. Northwestern Miller's weekly review of the flour trade shows a very healthy condition. Silver has risen in price to 57 cents at New York, 6 cents above the low price of August. Crop bulletins show that the recent rains will benefit late corn and pastures in some localities. Seymour Brothers, grain brokers of New York, have assigned, with liabilities placed at a million.

9. September 22, 1897 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, September 22, 1897

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Receiver for the Benton Harbor Bank. Washington, Sept. 22.-Coffin, acting comptreller of the currency, has appointed D. D. Ainger. of Lansing, Mich., receiver of the First National bank at Benton Harbor, Mich.

10. September 22, 1897 The True Northerner Paw Paw, MI
Article from The True Northerner, September 22, 1897

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Benton Harbor Bank Fails. Benton, Harbor, Mich., Sept. 20.-The First National bank, of this city, did not open for business Saturday, and National Bank Examiner George B. Caldwell, of Detroit, is in charge. About $90,000 is due depositors, and it is generally believed that 75 per cent. will be about as much as will be realized. The suspension' was not wholly a surprise.

11. September 22, 1897 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, September 22, 1897

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General Notes. Special to the Indianapolis Journal. WASHINGTON, Sept. 21.-Dr. A. H. Faith was to-day appointed a pension examining surgeon at Washington, Ind., and Dr. J. B. Webber was selected to serve in a similar capacity at Warsaw. To-day's statement of the condition of the treasury shows: Available cash balance, $216,468,334; gold reserve, $146,757,888. John M. Powell, of Lebanon, Ind., has been admitted to practice as an attorney for claimants before the Interior Department. M. A. Bowman was to-day appointed postmaster at Bowman, Pike county, Indiana, vice W. J. Richards, resigned. Controller Tracewell, who has been visiting his home at Corydon, Ind., was at his desk at the Treasury Department to-day. Mr. Tracewell brought his daughter back with him, and she will be started in the schools here. He expects to bring the rest of his family to Washington early in the fall. Mr. Coffin, acting controller of the currency, has appointed D. D. Ainger, of Lansing, Mich., receiver of the First National Bank at Benton Harbor, Mich. Mr. Ainger was formerly bank examiner of the Treasury Department and later was state bank commissioner of Michigan. The last Cabinet meeting before the President's departure was held to-day. Secretaries Gage and Long, who are out of the city, were the absentees, and Attorney General McKenna remained less than half an hour. So far as can be learned the Cuban situation was not under consideration.

12. September 24, 1897 Lewiston Teller Lewiston, ID
Article from Lewiston Teller, September 24, 1897

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NEWS OF THE WORLD BRIEF MENTION OF EVENTS AT HOME AND ABROAD. Record of Misfortunes, Mishaps and Crimes, as Well as of Industrial Progress. Yazoo City, Miss., has issued orders for a shotgun quarantine to be enforced against yellow fever. No trains are allowed to stop except to exchange mails at the quarantine stations. No passengers are allowed to leave the train at all, and all mail and express must be fumigated. Guards armed to the teeth are placed all along the county boundaries. The wheat crop of 1897 is moving seaward at a rate that is breaking all previous records. Within the past seven days five cargoes, totaling 481,737 bushels, value about $431,512, have cleared from Portland and are now on the way to England. A wreck on the Wabash at Keytesville, Mo., resulted in the death of four men-W. A. Geness, postal clerk, of St. Louis; W. Smith, fireman, of Moberly, Mo.; William Clark and Paul Street of Salisbury, Mo. Nine others were more or less painfully injured. Upon advices from United States Consul Pringle at Guatemala City to the effect that the revolutionists had captured the town of Ocas, on the west coast of Guatemala, the state department has called upon the navy department to send a warship there to watch over American interests, and the Alert, at Mare Island, Cal., has been ordered to the scene of the trouble. The democratic state committee of New York has refused to accede to the demand of the free silverites that the principles of the Chicago platform be reaffirmed. The committee met by authorization of the democratic state convention of last year to nominate a candidate for chief judge of the court of appeals. Alton B. Parker, of Kingston, was the choice of the committee. The nominee is said to De acceptable to Tammany hall and te ex-Senator David B. Hill and his following. Domestic exports for August were the largest of any August of which the bureau of statistics of the treasury department has any record. They were valued at $75,497,820, as against $66,689,981 in August, 1896, an increase of $12,807,939. For the eight months ended August 31, 1897, they amounted to $629,434,371, an The amount of imports during August amounted to $39,876,640. This is the smallest value since June, 1879, when they amounted to $38,890,451. It is estimated that the recent strike cost the people of Pittsburg district from $5,000,000 to $7,000,000. Of this amount the miners lost about $2,250,000 in wages. William L. Wilson, ex-postmaster general, has been installed in the office of president of the Washington and Lee university at Lexington, Va., in the presence of Governor Charles T. O'Ferrell and other distinguished guests. President Diaz opened the Mexican congress Thursday, reading his semi-annual message, covering the period since April. He said the country was at peace with all civilized nations and was gradually making more intimate ties with them. He noted the decision of the court of claims of Washington adversely to the La Abra claim, which had been pronounced fraudulent, and went on to consider the question of the proposed international dam. The business portion of Joplin, Ky., has been destroyed by fire. Loss $50,000, insurance about one-half that amount. M. F. Dwyer has sold his stallion Kingston to J. R. Keene for $25,000. The treaty of peace between Turkey and Greece was signed at Constantinople Saturday. The duchess of Marlborough, formerly Miss Consuelo Vanderbilt, has given birth to a son at Spencer house, the ducal London residence. The treaty of peace between the government and the insurgents was signed in Uruguay yesterday. The price of all kinds of food is rising steadily at Madrid, Spain, owing to the growing depreciation of silver and of paper currency. The First National bank of Benton Harbor, Mich., is in the hands of Bank Examiner Caldwell of Detroit. About $90,000 is due depositors. In his weekly report to the marine hospital service Sanitary Inspector Brunner at Havana says that for the week ending September 9 there were 326 deaths, of which 15 were from yellow fever, 29 from enteric or pernicious fevers, 34 from dysentery and 55 from enteritis. The United States consul at Amoy, China, says in a recent dispatch to the state department that the Chinese people prefer American cotton fabries, spinnings, flour, oils, canned goods and meats, and even buy them at higher prices than other importations can be had for.

13. September 24, 1897 Cottonwood Report Cottonwood, ID
Article from Cottonwood Report, September 24, 1897

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per currency. Ferrouh Bey, councillor of the Turkish embassy at St. Petersburg, has been appointed Turkish minister to the United States in succession to Moustapha Tachsin Bey. The First National bank of Benton Harbor, Mich., is in the hands of Bank Examiner Caldwell of Detroit. About $90,000 is due depositors. In his weekly report to the marine hospital service Sanitary Inspector Brunner at Havana says that for the week ending September 9 there were 326 deaths, of which 15 were from yellow fever, 29 from enteric or pernicious fevers, 34 from dysentery and 55 from enteritis. The United States consul at Amoy, China, says in a recent dispatch to the state department that the Chinese people prefer American cotton fabrics, spinnings, flour, oils, canned goods and meats, and even buy them at higher prices than other importations can be had for. Jimmy Michael Saturday won the greatest cycling event ever run on any New England track. It was the international 25-mile race on the Charles River track, and was run in the fastest cycling time the world ever knew, covering the distance under 46 minutes. Anderson, Ind., reports that the American wire nail works, employing 700 men; the Lippincott lamp chimney works, in which 400 men are employed, and the Macbeth lamp chimney works, with a like number of men on its pay roll, have resumed in full blast after a shut-down of two and a half months. Captain Cota of the Twelfth infantry, who some time ago was condemned to death for insubordination for the killing of a major of his regiment in Sonora during the Yaqui rebellion, was shot in the City of Mexico Saturday. Detachments from all the garrisons were present.

14. September 24, 1897 Little Falls Weekly Transcript Little Falls, MN
Article from Little Falls Weekly Transcript, September 24, 1897

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MINOR ITEMS OF INTEREST The First national bank of Benton Harbor, Mich., has suspended. In retaliation for our new tariff law Germany will exclude American meats and preserves. In a match race with Joe Patchen at Indianapolis, Star Pointer paced a mile in 2:01, breaking the world's race record. The Paris municipal council is debating a scheme to furnish cheap baths in small buildings erected on the sidewalks. Ferrouh Bey, councillor of the Turkish embassy at St. Petersburg, has been appointed Turkish minister to the United States. Michael, the Welsh midget, lowered all world's records from 3 to 25 miles at Boston Saturday. The 25 miles were covered in 45:58 4-5. The committee of 25 representing the unyielding free silver Democrats has called a convention for Sept. 27 to nominate a municipal ticket in Greater New York. The London county council has undertaken to reform or abate the noises in the streets of that city so far as the shouting of newspaper boys is concerned. Wheelmen of Cedarburg, Wia, have defeated the ordinance taxing bicycles owned in that city 50 cents each. The decision was rendered in a justice court, and an appeal is not expected. Reports received in Caracas from all the departments of Venezuela confirm the election of Senor Andrade, Liberal, as president. The Liberals largely increased their majority in congress. The cablegram announcing the recall of Baron Fava has been verified. He is to be retired from active service and the Italian government has granted him a pension of 80,000 lire ($6,000) a year. The records of the coroner's office at Chicago show that 17 persons had ended their lives by various means during the week. Hanging and drinking carbolic acid were the methods most frequently resorted to. The appalling number of cycling accidents in London is leading to demands for legislation to abate the public danger. There were ten deaths and a score of dangerous injuries during the first half of the week. George Waldron, who rode with Cardigan at Balaklava and was one of the two remaining survivors of the immortal "charge of the six hundred" who lived in America, was killed by his wife in a quarrel at Montreal. JOHN WELSH REFORMS.

15. September 25, 1897 Red Lodge Picket Red Lodge, MT
Article from Red Lodge Picket, September 25, 1897

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NEWS or TTL WORLD BRIEF MENTION OF EVENTS AT HOME AND ABROAD. Record of Misfortunes, Mishaps and Crimes. as Well as of Industrial Progress. Yazoo City, Miss., has issued orders for a shotgun quarantine to be enforced against yellow fever. No trains are allowed to stop except to exchange mails at the quarantine stations. No passengers are allowed to leave the train at all. and all mail and express must be fumigated. Guards armed to the teeth are placed all along the county boundaries. The wheat crop of 1897 is moving seaward at a rate that is breaking all previous records. Within the past seven days five cargoes, totaling 481,737 bushels, value about $431,512, have cleared from Portland and are now on the way to England. A wreck on the Wabash at Keytesville, Mo., resulted in the death of four men-W. A. Geness, postal clerk, of St. Louis: W. Smith, fireman, of Moberly Mo.: William Clark and Paul Street of Salisbury, Mo. Nine others were more or less painfully injured. Upon advices from United States Con sul Pringle at Guatemala City to the effect that the revolutionists had captured the town of Ocas, on the west coast of Guatemala, the state department has called upon the navy department to send a warship there to watch over American interests, and the Alert, at Mare Island, Cal. has been ordered to the scene of the trouble. The democratic state committee of New York has refused to accede to the demand of the free silverites that the principles of the Chicago platform be reaffirmed The committee met by authorization of the democratic state convention of last year to nominate a candidate for chief judge of the court of appeals. Alton B Parker, of Kingston, was the choice of the committee. The nominee is said to be acceptable to Tammany hail and to ex-Senator David B. Uiii and his following. Domestic exports for August were the largest of any August of which the bu reau of statistics of the treasury depart ment has any record. They were valued at $75,497,820, as against $66,689,981 in August, 1896, an increase of $12,807,939 For the eight months ended August 31 1897, they amounted to $629,434,371, an The amount of imports during August amounted to $39,876,640. This is the smallest value since June, 1879, when they amounted to $38,890,451 It is estimated that the recent strike 020 the people of Pittsburg district from $5,000,000 to $7,000,000. Of this amount the miners lost about $2,250,000 in wages. William L. Wilson, ex-postmaster gen eral. has been installed in the office of president of the Washington and Lee university at Lexington, Va., in the presence of Governor Charle T. O'Fer rell and other distinguished guests. President Diaz opened the Mexican con gress Thursday, reading his semi-annual message, covering the period since April. He said the country was at peace with all civilized nations and was gradually making more intimate ties with them. He noted the decision of the court of claims of Washington adversely to the La Abra claim, which had been pronounced fraud ulent. and went on to consider the question of the proposed international dam. The business portion of Joplin, Kv. has been destroved by fire. Loss $50,000. insurance about one-half that amount. M. F. Dwyer has sold his stallion Kingston to J.R. Keene for $25,000. The treaty of peace between Turkey and Greece was signed at Constantinople Saturday. The duchess of Marlborough, formerly 1 Miss Consuelo Vanderbilt, has given birth to a son at Spencer house, the ducal V ondon residence. The treaty of peace between the gov f ernment and the insurgents was signed in Uruguay yesterday. The price of all kinds of food is rising steadily at Madrid, Spain, owing to the growing depreciation of silver and of pa per currency. The First National bank of Benton I Harbor, Mich., is in the hands of Bank 1 Examiner Caldwell of Detroit. About $90,000 is due depositors. In his weekly report to the marine hospital service Sanitary Inspector Brun ner at Havana says that for the week J ending September 9 there were 326 deaths, of which 15 were from yellow fever, 29 from enteric or pernicious fevers, 34 from dysentery and 55 from enteritis. The United States consul at Amov. China, says in a recent dispatch to the state department that the Chinese people prefer American cotton fabrics, spinnings, flour, oils, canned goods and meats, and even buy them at higher prices than other importations can be had for. Jimmy Michael Saturday won the greatest cycling event ever run on any New England track. It was the interna tional 25-mile race on the Charles River B track, and was run in the fastest cycling time the world ever knew, covering the listance under 46 minutes. Anderson. Ind., reports that the Amercan wire nail works, employing 700 men the Lippincott lamp chimney works, in which 400 men are employed, and the la Macbeth lamp chimney works, with a like number of men on its pay roll, have resumed in full blast after a ut-down of two and a half months. Captain Cota of the Twelfth infantry, who some time ago was condemned to death for insubordination for the killing of a major of his regiment in Sonora durG ing the Yaqui rebellion. was shot in the City of Mexico Saturday. Detachments n from all the garrisons were present. Presidential Apointments

16. September 25, 1897 The Coeur D'alene Press Coeur D'alene, ID
Article from The Coeur D'alene Press, September 25, 1897

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NEWS OF THE WORLD BRIEF MENTION OF EVENTS AT HOME AND abroad. Record of Misfortunes, Mishaps and Crimes, as Well as of Industrial Progress. The treaty of peace between the gov. ernment and the insurgents was signed in Uruguay yesterday. The price of all kinds of food is rising steadily at Madrid, Spain, owing to the per currency. growing depreciation of silver and of paThe First National bank of Benton Harbor, Mich., is in the hands of About Bank Examiner Caldwell of Detroit. $90,000 is due depositors. In his weekly report to the marine hospital service Sanitary Inspector Brunner at Havana says that for the week 326 ending September 9 there were deaths, of which 15 were from yellow fe29 from enteric or pernicious fevers, 34 ver, from dysentery and 55 from enteritis. The United States consul at Amoy, China, says in a recent dispatch to the state department that the Chinese people prefer American cotton fabries, spinnings, and flour, oils, canned goods and meats, otheven buy them at higher prices than er importations can be had for. Jimmy Michael Saturday won the greatest cycling event ever run on any New England track. It was the international 25-mile race on the Charles River track, and was run in the fastest eyeling the time the world ever knew, covering in distance under 46 minutes. ta Anderson, Ind., reports that the Amer R ican wire nail works, employing 700 men; in P the Lippincott lamp chimney works, the which 400 men are employed, and et Macbeth lamp chimney works, with a n like number of men on its pay roll, have of BC resumed in full blast after a shut-down two and a half months. re Captain Cota of the Twelfth infantry. to who some time ago was condemned at death for insubordination for the killing g of a major of his regiment in Sonora dur the ing the Yaqui rebellion, was shot in W City of Mexico Saturday. Detachments from all the garrisons were present. th A thousand persons have fied from Mo fa bile, Ala., to St. Louis, until frost kills the yellow fever germ. ga br Two cases of leprosy are reported in 3 Walsh county, N. D. The efetims are by Scandinavians. A flood has swept over Almada, Tex., at about 50 miles south of El Paso. People ref di were driven from their beds, taking age on the high ground. th ge Regents Windus and Powell have reth signed as regents of the Washington ag R ricultural college and school of science. m The president has appointed Archibald to ye J. Simpson of Arizona to be minister Da Ecuador, and E. C. Kennedy of South for kota to be United States marshal South Dakota. D Comptroller Eckels has declared a sec the dividend of 5 per cent in favor of bank creditors ond of the Merchants' National no of Seattle, Wash., making in all 35 per to W cent on claims proved, amounting 2 de $324,959.56. Wm. J. Bryan, and F. E. White, dem the di ocratic candidate for governor, were at to principal figures in a free silver rally in Des Moines, Iowa. Mr. Bryan spoke J the afternoon to 8000 people. in New York and Seattle men have build sub- a ye scribed the capital necessary to over th gauge railway from Skaguay In the on narrow White pass to Lake Bennett. Senator W the are ex United states Senator w syndicate C. Squire of Seattle, F 2. Watson P. Jones of Nevada, and James of so McNaught, John formerly general counsel in the Northern Pacific railroad. so The Japanese government has taken 300,000 up wi out of the remaining has hit 200,000 of the Formosan railway and balan persuaded shares Formosans to take up the or ance. Locomotives and cars The are expect work an shortly from America. af will ed be proceeded with immediately. WI Sheriff Martin and deputies have been for sy for trial at Wilkesbarre, Pa., durth held shooting and killing certain persons ing the strike. weather is severely cold in falls Paris in Ne The there have been heavy snow other and Auvergne, lower Burgundy, and the places. Korea has joined the international tel. convention. cot sta graphic Hawaiian senate by a unanimous dis ote The has ratified the treaty of annexation United States. sta o the Ballame, private secretary ad- of par Major Rogers, has been appointed too ro Governor utant general of the state of Washing. ho on. from all parts of Japan will indi- be wl Reports that the rice crop this year rat ate good, in fact, it is predicted during fro xceptionally hat it will exceed anything seen pre he 10 years. be past States Consul O'Hara at to San the pa United del Norte, Nicaragua, reports worth pa aft uan department that the peso is cents in tate in gold, a drop of 36 fro a nt ix months. $3.86 On the other hand, provisNo ons have advanced. treaty of peace was bevia The preliminary Greece which wh ween on Saturday by the representa. has be igned ives of the sultan and of the powers ab the ne een The ratified plague by is the increasing sultan. in Bombay who residency coal of miners British of India. Belleville, III., off, and so The have declared the strike wilar icinity as it affects the owners who are we bo ing W. to F. pay Karron, the scale. now Francisco, imprisoned charged in the dollars. has fallen heir to a He mi

17. September 25, 1897 Pullman Herald Pullman, WA
Article from Pullman Herald, September 25, 1897

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BRIEF MENTION OF EVENTS A' HOME AND ABROAD. Record of Misfortunes, Mishaps an Crimes, as Well as of Industrial Progress. The business portion of Joplin, Ky has been destroyed by fire. Loss $50,00 insurance about one-half that amount. M. F. Dwyer has sold his stallio Kingston to J. R. Keene for $25,000. The treaty of peace between Turke and Greece was signed at Constantinopl Saturday. The duchess of Marlborough, formerl Miss Consuelo Vanderbilt, has give birth to a son at Spencer house, the duca London residence. The treaty of peace between the gov ernment and the insurgents was signe in Uruguay yesterday. The price of all kinds of food is risin steadily at Madrid, Spain, owing to th growing depreciation of silver and of pa per currency. The First National bank of Bento Harbor, Mich., is in the hands of Ban Examiner Caldwell of Detroit. Abou $90,000 is due depositors. In his weekly report to the marin hospital service Sanitary Inspector Brur ner at Havana says that for the wee ending September 9 there were 32 deaths, of which 15 were from yellow fe ver, 29 from enteric or pernicious fever 34 from dysentery and 55 from enteriti The United States consul at Amoy China, says in a recent dispatch to th state department that the Chinese peopl prefer American cotton fabries, spinning flour, oils, canned goods and meats, an even buy them at higher prices than oth er importations can be had for. Jimmy Michael Saturday won th greatest eyeling event ever run on an New England track. It was the interna tional 25-mile race on the Charles Rive track, and was run in the fastest cyclin time the world ever knew, covering th distance under 46 minutes. Anderson, Ind., reports that the Amer ican wire nail works, employing 700 men the Lippincott lamp chimney works, i which 400 men are employed, and th Macbeth lamp chimney works, with like number of men on its pay roll, hav resumed in full blast after a shut-down o two and a half months. Captain Cota of the Twelfth infantry who some time ago - was ,condemned t

18. September 25, 1897 The Kootenai Herald Bonners Ferry, Kootenai, ID
Article from The Kootenai Herald, September 25, 1897

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NEWS OF THE WORLD BRIEF MENTION OF EVENTS AT HOME AND ABROAD. € Record of Misfortunes, Mishaps and Crimes, BLN Well ns of Industrial Progress. Domestic exports for August were the € largest of any August of which the bureau of statistics of the treasury department has any record. They were valued at $75,497,820, as against $66,689,981 in August, 1896, an increase of $12,807,939. For the eight months ended August 31, 1897, they amounted to $629,434,371, an The amount of imports during August amounted to $39,876,640. This is the smallest value since June, 1879, when they amounted to $38,890,451. It is estimated that the recent strike cost the people of Pittsburg district from $5,000,000 to $7,000,000. Of this amount the miners lost about $2,250,000 in wages. William L. Wilson, ex-postmaster general, has been installed in the office of president of the Washington and Lee university at Lexington, Va., in the presence of Governor Charles T. O'Ferrell and other distinguished guests. President Diaz opened the Mexican congress Thursday, reading his semi-annual message, covering the period since April. He said the country was at peace with all civilized nations and was gradually making more intimate ties with them. He noted the decision of the court of claims of Washington adversely to the La Abra claim, which had been pronounced fraudulent, and went on to consider the question of the proposed international dam. The business portion of Joplin, Ky., has been destroyed by fire. Loss $50,000, insurance about one-half that amount. M. F. Dwyer has sold his stallion Kingston to J. R. Keene for $25,000. The treaty of peace between Turkey and Greece was signed at Constantinople Saturday. The duchess of Marlborough, formerly Miss Consuelo Vanderbilt, has given birth to a son at Spencer house, the ducal London residence. The treaty of peace between the government and the insurgents was signed in Uruguay yesterday. The price of all kinds of food is rising steadily at Madrid, Spain, owing to the growing depreciation of silver and of paper currency. The First National bank of Benton Harbor, Mich., is in the hands of Bank Examiner Caldwell of Detroit. About $90,000 is due depositors. In his weekly report to the marine hospital service Sanitary Inspector Brunner at Havana says that for the week ending September 9 there were 326 deaths, of which 15 were from yellow fever, 29 from enteric or pernicious fevers, 34 from dysentery and 55 from enteritis. The United States consul at Amoy, China, says in a recent dispatch to the state that the Chinese neenle

19. October 5, 1897 The Herald Los Angeles, CA
Article from The Herald, October 5, 1897

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National Bank Changes The latest report of the comptroller of the currency, dated 27th September, 1897, gives the following, among other changes: National Bank Organized.-The Farmers' National bank of Vinton, Iowa: capital, $65,000; George Horridge, president; C. O. Harrington, cashier. Application to Organize National Banks Approved.-The Commercial National bank of Union City, Ind., with a capital of $50,000, by the following persons: James F. Rubey, William Kerr. Charles S. Hook. Chas. S. Hardy, Charles W. Tritt. The National bank of Ocean City, N. J., with a capital of $50,000, by the following persons: Chas. A. Collins. Josiah F. Jones, George E. Weiss, Robert Fisher, S. H. Mayberry, R. R. Sooy. Insolvent.-The First National bank of Benton Harbor, Mich., was on September 21. 1897, placed in the hands of Daniel B. Ainger, receiver.

20. November 11, 1897 Crawford Avalanche Grayling, MI
Article from Crawford Avalanche, November 11, 1897

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Patrick Delaney, aged 77 years, died suddenly at Metamora. Harry Plaisted of Port Huron seriously wounded himself while out hunting. Mr. and Mrs. Hazen of Beaverton were seriously injured in a runaway accident. Henry Greenia of Standish was thrown from a wagon and had his back broken. He may die. Samuel M. Lemon has been formally installed as collector of internal revenue at Grand Rapids. The deposits in the Bay City and Saginaw banks have increased $417,255.33 since July 23 last. Chris Wilk, a Finlander of Negaunee, will lose his right hand as the result of a shooting accident. A big plant is to be erected at Hardwood, Dickinson County, for the manufacture of cedar shingles. Halloween marauders did several hundred dollars' worth of damage in the Eighth ward at Bay City. The residences of Mike Oury and Julius Sonneberg at Stronach burned. The total loss is about $2,000. A. J. Elliott, for many years a prominent grocer at Grand Rapids, died at the asylum for the insane at Kalamazoo. Clyde McLane, a Port Huron ship carpenter, had his foot crushed and leg broken by the falling of some timbers on him. A young child of Charles Kittle, who lives northeast of Willow, was severely scalded by falling into a tub of hot water. Glover Nash of Vicksburg was accidentally shot by his companion, Ward Woodworth, while hunting. He will recover. Mr. Parker, the senior member of Parker & Punches, druggists, and one of Springport's oldest firms, has retired from business. Ed Chapin and Bert Norton were each sent to jail for sixty days at Kalamazoo for placing ties on the Grand Trunk track at Scott's. Local option gained a signal victory in the special election in Van Buren County. The majority in favor of no saloons will Out! reach 1,000. Rev. W. F. Jones, pastor of the Presbyterian Church at Alma, announced his resignation to his congregation. He will go to Tecumseh. Rev. T. F. Slattery of St. Mary's Catholie Church of Lansing, announced to his congregation that Bishop Foley had accepted his resignation. Martin Aldish died at the Tamarack hospital in Calumet from injuries received in the North Tamarack mine ten days ago. His skull was fractured. Frank Phiscator, the Baroda gold king, has received his first payment from an English syndicate for his Klondike interests, which he sold for $1,300,000. Owosso's Common Council has finally allowed the bills of the members of the Board of Health for extra services, and their resignations will be withdrawn. Grand Rapids authorities are determined not to allow Sunday theatricals. They will arrest members of any company which attempts to give a performance. The large Polish school building at Manistee caught fire and burned to the ground, together with an adjoining residence. Loss, $12,000; insurance, $10,000. Grand Rapids police raided the rooms of a local club and arrested a number of women who were dancing before a crowd of 200 men. The managers of the affair were also arrested. Charles Greenfield of Deerfield has recovered a verdict of $7,000 against the Lake Shore Railroad for injuries he received while in the employ of the company a year ago. Receiver Ainger of the First National Bank at Benton Harbor has been authorized to settle a $20,000 claim of the bank against the Thompson Gas Company at Gas City, Ind. Mrs. "Bad" Corpenter of Adrian, with suicidal intent, swallowed a dose of atropine, prescribed for her child as an eyewash. A physician was called in time to save her life. Family troubles. Lewis Miller, wanted by the sheriff of Eaton County, was shot accidentally by Sheriff H. Gifford at Thompsonville while running to avoid arrest. Miller was formerly of South Haven, where his parents live. The store of J. J. Davis, one of the oldest dry goods merchants in Owosso, has been closed under chattel mortgages given to the Owosso savings bank for $6,000, and to a trustee for $12,000 for the benefit of creditors. Raymond Moore, Eddie Marti and Chas, and Willie Tibbits, sons of prominent Benton Harbor families, bought a mule, wagon, guns and provisions and started overland for Alaska. They were captured and brought back. Henry D. Dean, vice-president of the Benton Harbor Electric Railway and Transit Co., has been discharged by the United States District Court at Grand Rapids on the complaint of violating the United States postal law. Of seven manufacturers at Buchanan who were interviewed by a local newspaper man, five report larger orders and better business than last year and the others report business just about the same as last year in their lines. The board of regents of the U. of M. has made the following appointments: Dr. O. R. Long, Ionia, lecturer in the homeopathic department; B. W. Peet. assistant in general chemistry; W. L. Miggett, assistant in engineering. A large part of Pinconning was wiped out by fire. The fire started in Dr. Porter's residence in Second street, leaped across to Kaiser street and cleaned out buildings on both sides, a distance of three blocks. Several stores, hotels, bank, postoffice, Michigan Central station, Presbyterian Church and ten houses were destroyed. The total loss will reach $60,000, with $15,000 insurance.