8917. Northern National Bank (Big Rapids, MI)

View Charter #1832 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
1832
Charter Number
1832
Start Date
July 8, 1893
Location
Big Rapids, Michigan (43.698, -85.484)

Metadata

Model
gpt-5-mini
Short Digest
44b893da

Response Measures

Full suspension

Other: Receiver appointed and 5% dividend later declared; brief mentions of possible resumption but ultimately receiver took control.

Receivership Details

Depositor recovery rate
95.5%
Date receivership started
1893-08-05
Date receivership terminated
1909-05-31
OCC cause of failure
Losses
Share of assets assessed as good
29.9%
Share of assets assessed as doubtful
69.4%
Share of assets assessed as worthless
0.7%

Description

Newspapers from July 8–9, 1893 report heavy withdrawals/closed its doors for the Northern National Bank at Big Rapids. Comptroller/Controller appointed a receiver (John S. Lawrence) on 1893-08-05 and later receiver actions and dividend determination indicate the bank did not permanently resume as a going concern. Cause of the initial run is reported in context of a general money stringency; no specific misinformation event is described.

Events (8)
1. June 5, 1871 Chartered
Source
historical_nic
2. December 21, 1878 Voluntary Liquidation
Source
historical_nic
3. December 22, 1878 Restored To Solvency
Source
historical_nic
4. July 8, 1893 Run
Cause
Macro News
Cause Details
Withdrawals by depositors amid a general money stringency/financial panic in early July 1893; newspapers attribute closures to withdrawal of funds and stringency of the money market.
Measures
None reported beyond suspension/closing of doors.
Newspaper Excerpt
The Northern National Bank at Big Rapids has suspended payment for the present...closed its doors this morning in consequence of the withdrawal of funds by depositors.
Source
newspapers
5. July 8, 1893 Suspension
Cause
Macro News
Cause Details
Suspension followed heavy withdrawals attributed to the broader money stringency/panic of July 1893; articles explicitly state the bank closed its doors or suspended payment.
Newspaper Excerpt
The Northern National Bank of Big Rapids, Mich., closed its doors this morning in consequence of the withdrawal of funds by depositors.
Source
newspapers
6. July 24, 1893 Other
Newspaper Excerpt
He was notified ... the failed Northern National Bank of Big Rapids, Mich., would probably resume business this week.
Source
newspapers
7. August 5, 1893 Receivership
Source
historical_nic
8. August 5, 1893 Receivership
Newspaper Excerpt
The controller of the currency today appointed receivers of insolvent national banks as follows: John S. Lawrence, receiver Northern National Bank of Big Rapids, Mich.
Source
newspapers

Newspaper Articles (23)
1. July 9, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, July 9, 1893

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BUSINESS EMBARRASSMENTS. Chicago Produce Cold Storage Exchange in Trouble-Suspension of Several Banks. CHICAGO, July 8.-Application was made to-day for a receiver for the Produce Coldstorage Exchange. The Exchange was carrying on the business of a cold-storage warehouse, and holds now perishable goods to the value of $750,000. Should the business be closed up, as is shown to be possible in view of an indebtedness of $11,000 which cannot be met. great loss would be sustained. It is also shown that notes and drafts to the amount of $18,000 on the coporation have been protested by different banks. The corporation has a ninety-nine years' lease on the property. The lease hold, with the buildings thereon. 18 valued at $700,000 and incidentals valued at $5,000. It is stated further that the lease and buildings are subjeet to a trust deed to secure bonds for $200,000, and that outside of this the indebtedness of the corporation exceeds $200,000. NEW YORK, July 8.-Ex-Congressman K. N. Pidcock and his son, John Pidcock, met this forenoon in Jersey City and dissolved partnership regarding their business at the foot of Sixth street, Jersey City. The exCongressman said to a reporter: "I had my arm around too much. I had a nice busineas, but like many other persons I wanted the earth. I don't think my liabilities will be more than $500,000. although they may reach $600,000. The assets, including my real estate, amount to between $700,000 and $800,000." BOSTON, July 8.-Francis F. Morton, dealer in lumber. has assigned. The liabilities will not exceed $75,000 and the assets are sufficient to insure the creditors a good dividend. The cause was the stringency of the money market. Tower, Wing & Co., shoddy manufacturers. who recently assigned owing 895,000. have gone into insolvency. William S. Richardson, leather dealer, has gone into insolvency. He owes $75,000 and offers 85 per cent., payable in thirty days. DENVER, Col., July 8.-Edwin J. Binford, coal dealer. assigned to-day for the benefit of his creditors. F. J. Spencer is named as assignee. Mr. Binford places his assets at $218,770 and his liabilities at $76.805. The assets are composed principally of coal lands, city real estate, bank and other stocks. The money stringency is given as a cause. GRAND RAPIDS, Mich., July 8.-The Northern National Bank at Big Rapids has suspended payment for the present. but the directors feel confident that all depositors will be paid in full. The bank has a capital of $100,000. Its officials decline to make any statement of liabilities. WENNECONNE, Wis., July 8.-The Citizens' Bank has olosed its doors. Cashier Varwator has been arrested on the charge of receiving deposits after be knew the bank to be insolvent. He claims the bank can pay in full, LESEURE, Minn. July 8.-The Bank of Leseure made an assignment to-day. Liabilities, 8225,000; assets about the same.

2. July 9, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, July 9, 1893

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BUSINESS REVERSES. Failure of the Cold Storage Exchange at Chicago. CHICAGO, July 8.-Application was made to-day for a receiver for the Produce Cold Storage Exchange. The exchange has been carrying on the business of a cold storage warehouse and holds perishable goods valued at $750,000. Should the business be closed up, as is shown to be possible in view of an indebtedness of $11,290 which cannot be met, great loss will be sustained. The corporation has a ninetynine-year lease on the property where it is now doing business, and the leasehold, with the building on it, is valued at $700,000. The indebtedness of the concern amounts to $200,000. BIG RAPIDS, Mich., July 8.-The Northern National Bank closed its doors this morning in consequence of the withdrawal of funds by depositors. LE SUEUR, Minn, July 8.-The Bank of Le Sueur has failed. The liabilities and assets are given each at $225,000. The reason given for closing is to protect home depositors. DENVER, July 8.-Edwin J. Binford, a coal-dealer, assigned to-day for the benefit of his creditors. His assets are $218,770 and his liabilities $76,800.

3. July 9, 1893 The Sun New York, NY
Article from The Sun, July 9, 1893

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Minor Business Troubles. CLEVELAND. July 8.-The firm of Corrigan. Ives & Co. has been placed in the hands of Price McKinney as receiver. on petition by Judge Stevenson Burke, who charges that the active partnership contracted debts to the extent of $100,000 without the consent of all. contrary to the articles of agreement. The firm is sales agent for twenty-four mines. WENNECONNE, Wis.. July 8.-The Citizens' Bank closed its doors at noon yesterday. In the afternoon Cashier Varacter was arrested on the charge of receiving deposits after he knew the bank to be insolvent. He claims that the bank can pay in full. HOT SPRINGS, July 8.-The First National Bank of this city was forced to close its doors yesterday because of recent withdrawals of deposits and a general run. It is thoughtthey will be able to resume in thirty days. PINE BLUFF, Ark., July 8.-The Arkansas State Bank of Stuttgart and Arkansas Farmers' and Traders' Bank of Dewitt. near this city. have closed their doors. Neither institution had large assets. and depositors will notsuffer to any considerable degree. LE FEUR. Minn. July 8.-The Bank of Le Seur made an assignment to-day to protect home depositors. Liabilities. $225,000; assets about the same. BIG RAPIDS. Mich. July 8.-The Northern National Bank closed its doors this morning because of the withdrawal of funds by depositors. CHICAGO, July 8.-A receiver for the Produce Cold Storage Exchange was applied orto-day. BOSTON. July &-Francis F. Morton. dealer in lumber. has assigned. The liabilities will not exceed $75,000 and the assets are sufficient to insure the creditors a good dividend. The cause was the stringency of the money market. Tower. Wing & Cor. shoddy manufacturers, who recently assigned owing $95,000, have gone into insolvency. William S. Richardson. leather. has gone into insolvency. He owes $75.000 and offers 35 per cent. payable in thirty days. DENVER, July 8.-Edwin J. Binford, a coal dealer. assigned to-day for the benefit of his creditors. B. J. Spencer is named as assignee. Assets. $218,770: liabilities. $76,804.94.

4. July 9, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, July 9, 1893

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CONDENSED DISPAICHEL The bank of La Sueur, Minn, fatled on JUNE with liabilities amounting to $215,000 and I the same. Comptroller Eckels has appointed Roberts Luke receiver of the failed Philipsburg Netto bank, of Montana Patrick Biley & Co., a Newark. N. L I firm. assigned on July 7, with $200,000 Habitas and $142,875 assets. A judgment has been secured by the First tional bank. of Chicago, against Ex-Gov.12 Campbe. 1, of Ohio, for $50,000. The striking coal miners in Kanoes have offered to return to work on a scale of a cease a ton for mine run coal. The operators have offered 54 cents. The Northern National bank, of Big Rapida Mich, closed its doors on July S. of the withdrawal of funds by depositers. his capital is $100,000. President C. W. Mosher, of the defunct Capital National bank. of Lincoln. Nob, has have sentenced to five years in the positentiary in embezzling over $200,000. Judge Hudson's decision declaring the South Carolina dispensary law unconstitutions amounts to nothing, the supreme court having previously decided the reverse. As the result of a quarrel with his wife and attempt to shoot her, E. W. Wilhem was kind by his son William at . place known as TO Mile, near The Dalles, Or., on July & Comptroller Eckeis has been informed that First National bank of Hot Springs, D. the Livingston National bank at Liviagehik Mont. have closed their doors to business All of the silver mining campe on the West river. in Idahe, are closed down except two three whose men are working on a aliding seain based on the price of eliver. The Somerset bank, of Somerville, N.1. has been ordered to show cause why a receiver should not be appointed for it. It has $200,000 deposits, $:00,000 capital stock and $15,000 sure plus. On complaint of a member of the firm. are ceiver has been appointed for the iron one firm of Corrigan, Ives & Co., of Cleveland, which in agent for twenty-four of the largest iron rainee in the Lake Superior region. The Citizens' bank. of Winnecoane, Win, a branch of the defunet Columbia National bank of Chicago, failed on July 7 and Cashier Vas wactor was arrested for receiving deposits alia he knew the bank to be insolvent. United States Marshal Pinkham. of Idaba captured n female smuggier named McDaggin at Bonner's Ferry, with sixty five-tael ca3e of opium, and expects it to lead to the unearthing of an extensive smuggling gang there. The executive committee of the California Midwinter fair project has organized, with M H. de Young as president and general manages J.G.Stump vice president, Alexander Bedha secretary and P. N. Littlenthal treasurer Harper's Weekly for next week will centers . full-page illustration of the celebration of class day at Hervard university, a page of bite illus trating Mr. Richard Harding Davis' article . "Cairo as a Show Place, in his series of article on the "Rulers of the Moditerranean." The number opens with a full-page drawing register senting the interior of the Indian building M the Chicago fair. Another of A. Conan Doyle's famous detective stories, known as the "As ventures of Sherlock Holmes," will also pear in this number. The Illustrations are w W.H.Hyde. There will be also a page of bright illustrations showing the life at Peekskill stell camp with the Seventh regiment, views of IN Great Ferris wheel at the Chicago fair. and it Lient. Peary's Arctic steamer Falcon: alsosite group of portraits of Capt. Anderson and his Viking crew. and the other usual timely feature of the Weekly

5. July 9, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 9, 1893

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NEWS NOTES. The Royal Clyde regatta was sailed yesterday. The Brittinia won, Valkyrie second. Comptroller Eckels has appointed Robert A. Luke receivor of the failed Phillipsburg National bank of Montana. The bank of Leseut Minn., has failed, liabilities and assets even at $225,000 The reason given for the closing is to protect home depositors. The Northern National bank of Big Rapids, Mich., closed its doors this morning in consequence of the withdrawal of funds by depositors. The official call for a meeting of the society of the Army of the Tennessee at Chicago on Sep. 12 and 13 will soon be issued by General Hickenlooper. During the reception to the Columbian minister at Rome yesterday, the pope said America would soon have a patron saint as Columbus would be beatfied shortly. The steamer New York arrived at New York yesterday. Among the passengers was Colonel Fred Grant, late United States minister to Austria, and Mrs. Grant and family. At Toledo. Ohio, yesterday afternoon, Sanger of Milwaukee, defeated Johnson of Syracuse in the bicycle race. The best time of the two day's meeting was made by Sanger in 2:20. Four thousand two hundred and sixtyfour more fourth-class postmasters were appointed on removals during the first four months of the last administration than during the corresponding period in this. It now appears that Judge Hudson's

6. July 9, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, July 9, 1893

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CRASH IN COAL. Stringency in Money Forces a Denver Dealer to Assign. DENVER, July 8.-Edward J. Banford, the coal dealer, assigned today for the benefit of his creditors. Mr. Banford places his assets at $218,877 and his liabilities at $76,804.94. The money stringency IS given as the cause. CHICAGO, July 3.-Application was made in a bill filed in the circuit court for a receiver for the Produce Cold Storage exchange. There was $3,700 worth of perishable goods in the building, and the creditor who makes the petition says that, owing to possibilities of suddenly closing up the business in view of indebtedness which cannot be met, the owners should be allowed to remove their goods before damage is done. BOSTON, July 8.-Francis M. Morton, dealer in lumber, has assigned. The liabilities will not exceed $75,000, and the assets are sufficient to insure their creditors a good dividend. The cause was the stringency of the money market. Tower, Wing & Co., shoddy manufacturers, who recently assigned, owing $95,000, have gone into insolvency. E. Richardson, leather manufacturer, has gone into insolvency. He owes $75,000 and offers 35 per cent, payable in thirty days. WASHINGTON, July 8.- Comptroller Eckels has appointed Robert A. Luke receiver of the failed Phillipsburg National bank, of Montana. BIG RAPIDS, Mich., July 8.-The Northern National bank closed its doors this morning. Withdrawal of funds by depositors caused the suspension.

7. July 13, 1893 River Falls Journal River Falls, WI
Article from River Falls Journal, July 13, 1893

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CONDUCTORS and engineers on the Queen & Crescent railroad were charged with robbing the company of goods valued at $40,000. ON September 6 the American Bankers' association will convene in Chicago. EVERY day it costs about $16,000 to carry on the world's fair. BECAUSE she refused to marry him N. B. Plummer shot and killed Miss Sadie Fisher at Bird's Points, Mo., and then shot himself fatally. At Spokane the Washington national bank which suspended several weeks ago has resumed. FLAMES destroyed the entire business portion of Russiaville, Ind. Salem, Ore., the world's 2 mile race record (4:48 1/2) for trotters was broken by the stallion Blondie, who made the distance in 4:48. DURING a fire in Chicago in the Lincoln hotel eight persons were injured, three probably fatally. SEVENTY-FOUR persons were dead, at least five more to die, and over 100 injured as a result of the cycle ne that made its start at Quimby, Ia., south of Cherokee, and ended at Pomeroy. The property loss was immense, many persons were homeless and destitute, and the governor issued an appeal for aid. CITY MARSHAL MORRISSY. Bud Smith and Jim Francis were killed and four others were wounded during a drunken fight at Woodbine, Ky. ALBERT BAUMBERGER murdered D. S. Krieder, wife and four children at Cando, N. D. A dispute over wages was the supposed cause. DEMOCRATS in Iowa will hold their state convention in Des Mones on August 23. NEAR Palestine, Tex., train robbers secured $500 from the Pacific Express company and overlooked $25,000. A MOB hanged Seay J. Miller, the negro charged with the outrage and murder of Mary and Ruby Ray at Bardwell, Ky., and the body was burned after being horribly mutilated IN Arkansas the State bank of Stuttgart, and the Arkansas Farmers and Traders' bank of Dewitt failed to open their doors. IN Dane county, Wis., a severe rainstorm flooded several small .towns and great damage to property resulted. HENRY GANN'S wife, son and daughter were killed by the cars at a crossing in Richmond, Ind. THE Northern national at Big Rapids, Mich., the bank at Lesueur, Minn., and the Citizens' bank at Winneconne, Wis., shut their doors. THE oldest man in Kentucky, Jame McMullen, died near Bardwell, aged 117 years. He was born in Virginia in 1776. IN a gale on the lake at Chicago the yacht Chesapeake was upset and Miss Ethel Chase, of Boston; William Cornish and Harvey Marlow, of Chicago, T. Thambelus, of Athens, Greece, were drowned. THE death of Abraham K Allison, who was governor of Florida in the '60s, occurred at Jacksonville, aged 83 years. IT was estimated that the total amount of damage done by the recent cyclone in Iowa was $800,000. NEA Rockyford, Col., a hail and windstorm did damage to the extent of $100,000. IN Lincoln, Neb., President Moshier, of the Capital national bank. was sentenced to five years in prison for wrecking the bank. WHILE insane Frank Bayes, a farmer living near Wauseon, O., killed his young wife by cutting her throat and then shot himself.

8. July 13, 1893 The Middleburgh Post Middleburg, PA
Article from The Middleburgh Post, July 13, 1893

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LATER NEWS WAIFS. FINANCIAL AND COMMERCIAL RED CLIFF, Col.-The Eagle County Bank has suspended payment. Its capital is $12,100 and assets $40,000. The liabilities are $34,000. LESEUR, MINN-The bank of Leseur made in assignment. The liabilities are $225,000 and assets the same. BIG RAPIDS, MICH.-The - Northern Nation. al bank here, with a capital of $100,000, has suspended.

9. July 13, 1893 Grant County Herald Lancaster, WI
Article from Grant County Herald, July 13, 1893

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NEWS ITEMS. For the Week Ending July 11. During a fight at a pienic near Mascoutah, III., twenty-five men were hurt, one fatally. The Washington national bank at Spokane which suspended several weeks ago has resumed. John Lyons and Joseph Bishop were drowned at Stoneboro, Pa., by the capsizing of their boat. Drought in many sections of Europe bids fair to ruin the agriculturists. Fodder is a total failure. Siveter, 9. of and Dr. Thomas years age, one of the oldest physicians in America, died at Salem, In. W. F. Thornton & Son, bankers of Shelbyville, III., failed for $500,000. Assets may reach the liabilities. Meeting accident in a Windsor (Conn.) Mary Media remained food for swamp without Mrs. forty-one days. A severe rainstorm flooded several small towns in Dane county, Wis., and great damage to property resulted. in Oroville, wiped Chinatown out. Cal., was Eight brick stores and thirty other buildings were destroyed. Frank Boyes, a demented farmer near Wauseon. O., cut his wife's throat and killed himself. A daughter escaped. Reports to the state department say American agricultural implements are taking well in England. Trade is increasing. National banks throughout the country have during the last two months increased their circulation nearly $7,000,000. Floating indebtedness of the world's fair corporation has been retired. Money will now be accumulated to retire bonds. The Arkansas state bank of Stattgart, and the Arkansas Farmers' and Traders' bank of Dewitt failed to open their doors. Albert Lewis as shot and killed and Charles Lewis wounded in the climax of a fend with the Yandell family at Princeton, Ky. The world's 2-mile race record (4:48 k/) for trotters was broken at Salem, Ore. by the stallion Blondie, who made the distance in 4:48. It was said that conductors and engineers on the Queen & Crescent railroad had robbed the company of goods valued at $40,000. The Southern California national bank and University bank at Los Angeles, Cal., which failed recently, have resumed business. President Moshier, of the Capital national bank of Lincoln. Neb., was sentenced to five years in prison for wreeking the bank. The burning of the new school building at Monterey, Cal., destroyed priceless papers relating to the many early history of California. The bank at Lesueur, Minn., the Northern national at Big Rapids, Mich., and the Citizens' bank at Winneconne, Wis. shut their doors. During a drunken fight at Woodbine, Kv., City Marshal Morrissy, Bud Smith and Jim Francis were killed and four others were wounded. A heavy electric and rainstorm visited Middlesborough, Ky., in which a shower of fish of the sun perch species was precipitated on the town. The New York & New Haven railroad lost sixty-four freight cars and other property by fire at New Haven, Conn., the loss being $100,000. The statue of P.T. Barnum at Seaside park in Bridgeport, Conn., was disfigured by some vandal by being covered with red paint. Augustus Hemenway, of Canton, Mo., invited the twenty-six public school teachers there to a ten-day trip to the world's fair at his expense. The gross earnings of the Chicago, Milwaukee & St. Paul road for the year ended June 30 were $83,975,054. against for the $32,283,308 previous year. The State bank at Shubert, Neb. closed its doors owing to the flight of the cashier, G. V. Argabor ght, with $21,000 belonging to the institution. The July returns to the department of agriculture make the average condition-of wheat 76.6 per cent., rye, 85.3; barley, 101.1. SS.8; oats, 88.3. and potatoes The banking house of W. F. Thornton & Son at Shelbyville, III., made assignment with liabilities of $500,000. involving hundreds of business men and farmers, The body of Otis D. Dana, a Boston merchant. was found in a pond near Plymouth, Mass. He was and is to have walked friends there supposed visiting into the pool while asleep. Death of Justice Blatchford. Justine NEWPORT, R. I., July 8. -Associate Samuel Placet

10. July 21, 1893 Iowa County Democrat Mineral Point, WI
Article from Iowa County Democrat, July 21, 1893

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dispensary law unconstitutional. Andrew Fretz, an Alton saloonkeepe was fatally shot by his son, whom h had accused of theft and driven fron home. Jessie Bartlett Davis has resigne from the Bostonians and intends t retire from the stage in deference t the wish of her husband. Western lines have agreed to a com romise reduction in the world's fai rates from Missouri river points. Michigan Central, not to be outdon by New York Central, will bring en ployes free to the fair. Action of the Grand Trunk in disre garding the eastern agreement may re sult in a lively rate war. The situation in France is critical the attitude of the socialists is threater ing. Outbreak is feared. John Redmond's amendment to claus 9 of the home rule bill to retain presen Irish representation was defeated. John Dobbins is under arrest at P oria upon suspicion of being concerne fill the recent East Peoria robbery. The Junction House at Lafayette Ind., was destroyed. It was owned b the Big Four and Wabash. Guests of a hotel Xenia, Ohio, had narrow escape by the burning of th structure. Heavy rains washed away the dugou of the Waddell family at the Cheroke strip Six were drowned. George M. How, a charter membe of the Chicago board of trade, is dead He will buried Tuesday. Navahoe, America's yacht which i to sail in the English regattas, na reached the Isle of Wight. In the last half of the ninth innin Yale won the baseball game from Ve mont College nine. Athlete Mullane, of baseball fame says his wife abused him. He want alimony with a divorce. President Cleveland took a sail dow Buzzard's bay, walking to the landin somewhat lame and slowly. Eighty delegates are in attendano upon the second annual convention o "longshormen at Saginaw, Mich. Convict Oscar Miller was killed an three prisoners wounded in an attemp to escape from Ionia penitentiary. Directors of the whisky combine at in secret session at Peoria. Mr. Woo ner's rebellion will be considered. Abraham K. Allison, who was gove nor of Florida in the '60s, is dead. H was S3 years of age. Clarence Dingman, anxious for fam jumped from a Buffalo elevator into th harbor. He was killed. Baron de Courcel highly compliment Mr. Phelps for his presentation in th Behring sea trial at Paris. Debate on the bank bill in the Ron chamber of deputies was tumultuou but the bill was passed. Big Four's differences with its en ployes are adjusted, the men agreein to no increase in their wages. The Northern National bank at Bi Rapids, Mich., has failed. No state ment of its condition is given. Troops are being concentrated a Paris. The state of feeling in Frane is critical and revolution is feared. Texas fever has broken out amon the cattle in Chatauqua county, Kar sas, and many animals have died. The armor plate test at the nava

11. July 24, 1893 Evening Star Washington, DC
Article from Evening Star, July 24, 1893

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Treasury View of the Financial Situation. As viewed at the Treasury Department, the week begins with brighter financial prospects. A number of the recently-failed banks are taking the necessary steps to resume, and Controller Eckels is lending them all the aid possible. He was notified this morning that the failed First National Bank of Kendallville. Ind., and the failed Northern National Bank of Big Rapids, Mich., would probably resume business this week. The First National Bank of Santa Anna, Cal., which resumed business on Saturday after a short suspension. received in deposits $12,000, while the withdrawals amounted to only $6,000. This is regarded here as an evidence that confidence is bing gradually restored on the Pacific coast.

12. July 25, 1893 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, July 25, 1893

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CONFIDENCE RESTORED. Failed Banks Resuming Business : With Bright Prospects. WARNINGTON, D. C., July 24.-As viewed at the treasury department the week begins with brighter financial prospects. A number of the recently failed banks are taking the necessary steps to resume, and Comptroller Eckels is lending them all the aid possible. He was notified this morning that the failed First National Bank of Kendallville, Ind., and the failed Northern National Bank, of Big Rapids, Mich., would probably resume. business this week. The First National Bank of Santa Anna, Cal., which resumed business Saturday after a short suspension, received in deposits $12,000, while the withdrawals amounted to only $6,000. This is regarded-here as an evidence, that confidence is being practically%re stored on the Pacific coast.

13. July 26, 1893 Morris Tribune Morris, MN
Article from Morris Tribune, July 26, 1893

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CONFIDENCE IS RETURNING. Nearly All Suspended Banks Will Resume-Situation Brighter. WASHINGTON, July 25.-As - viewed at the treasury department, the week begins with brighter financial prospects. A number of the recently failed banks are taking the necessary steps to resume, and Comptroller Eckels is lending them all the aid possible. He was notified that the failed First National bank of Kendallville, Ills., and the failed Northern National bank of Big Rapids, Mich., would probably resume this week. The First National Bank of Santa Anna, Cal., which resumed business on Saturdey after a short suspension, received in deposits $12,000 while the withdrawals amounted to only $6,000. This is regarded here as an evidence that confidence is being practically restored on the Pacific coast.

14. July 26, 1893 Grand Rapids Herald Grand Rapids, MI
Article from Grand Rapids Herald, July 26, 1893

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HOTEL CHATS J. H. Coloney of the Denver Investment Bond company is & guest at the Morton. "The feeling at Denver is much easier," said he. "Confidence in the banks has been restored, and the threatened panic averted. Ofcourse we are experiencing rather hard times in Colorado still. The silver mines are shut down and hundreds of men are thrown out of employment. That naturally does not tend to make the outlook any brighter. But we are not disheartened, and we have hopesthat everything will adjust itself perfectly is time. M. P. Gale, president of the Northern National Bank in Big Rapida, was a late arrival in the Morton last night. The Northern National went under a few weeks ago, but the comptroller of the treasury will permit it to be reorganized and resume business again. Thad B. Preston of Ionia, the kindergarten member of the famous Fifth distriet democrat "ring," was among yesterday's arrivals in The Morton. Mrs. H. G. Potts, wife of a veteran Grand Haven newspaper man, dined in The New Livingaton yesterday. John Torrent, one of Muskegon's old. est lumbermen, was a guest in The Morton yesterday. I. G. Mosser of Cadillac, one of the oldest contractors in the west, dined in Sweet's yesterday. F. Heyman, u furniture buyer from Phoenix, Ariz., arrived at the Morton late last night. The Rev. William M. Puffer of Has tings, formerly of this city, is registered in The Eagle. Morron-Morton Longyear and family. Lansing; John W. Bland. Lilley; Thad B. Preston, Ionia; E. W. Smith, Detroit; John Torrent, H. O. Lange, Muskegon. NEW LIVINOSTON-C. E. Davis. Charlotte; Mrs. H. G. Potts, Grand Haven; C. W. Wurzburg, Lansing; C. R. Hine, Lowell; E. C. Spalding, Lyons; C. R. Hutchinson, Benton Harbor. SWEET's-G. W. Cook, Lansing: M.O. Levi, Detroit; J. C. Walters, Saginaw; J. G. Mosser, Cadillae; Fred Pleasner. Saginaw; H. T. Cook, White Pigeon. EAGLE-Wm. Puffer, Hastings; N. F. Miller, T. D. Smith, Luther; J.E. Hall, Detroit: C. L. Piper, Rockford; J. S. Mudge. Grand Ledge; E. E. Church, Chandler. KENT-William Hiler and wife, Shelby; F. K. Madison. Detroit; E. F. Preu, Lansing: J. B. Nelson. Allegan: H. H. Olds, Jackson; J. R. Fletcher, Cadillac.

15. July 26, 1893 Watertown Republican Watertown, WI
Article from Watertown Republican, July 26, 1893

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OUTLOOK IS BRIGHTER. Financaal Prospects Greatly Improved in the Eyes of Treasury Officials. WASHINGTON, D. C., July 24. -- As viewed at the Treasury Department the week begins with brighter financial prospects. A number of the recently failed banks are taking the necessay steps to resume and Comptroller Eckels is lending them all the aid possible. He was notified this morning that the failed First National Bank of Kendallville, Ind., and the failed Northern National Bank of Big Rapids, Mich., would probably resume this week. The First National Bank of Santa Anna, Cal., which resumed business on Saturday after a short suspensions, received in deposits $12,000 while the withdrawals amount to only $6,000. This is regarded here as an evidence that confidence is being practically restored on the Pacific Coast. DENNER, Col., July 24.-Bank Examiner Lazar in an interview states that he is convinced that all of the six suspended national banks in this city have more than sufficient assets and will resume in time. "It is a very hard matter at this time to realize on securities and the depositors will have to be a little patient. There will be a meeting this evening of representatives of the banks and depositors with a view to arrange plans whereby the depositors will accept certificates of deposits of the amounts to which the banks are indebted to them, these certificates to bear interest from their date until paid at a reasonable rate. These certificates can be used as collateral by the holders and on them money can be raised. I would suggest that the certificates be made to run for four, eight and twelve months, as was done in the suspended California banks that resumed. This will give the banks time to realize on their assets and prevent them from going into an enforced liquidation.

16. July 27, 1893 The Russellville Democrat Russellville, AR
Article from The Russellville Democrat, July 27, 1893

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RECONFIDENCE PARTIALLY STORED. The re is a Brighter Outlook at the Treas" ury Department. WASHINGTON, D. C., July 24.As viewed at the treasury department the week begins with brighter financial prospects. A number of recently failed banks are taking the necessary steps to resume, and Comptroller Eckles is lending them all the aid possible. He was notified this morning the failed First National Bank of Kendallville, Ind, and the failed Northern National Bank of Big Rapids, Mich., will probably resume business this week. The First National Bank, of Santa Ana, Cal., which resumed business, started after a short suspension, has received deposits of $12,000, while the withdrawals amounted to only $6000. This is regarded here as evidence of confidence being practically restored on the Pacific eoast.

17. July 28, 1893 The Hickman Courier Hickman, KY
Article from The Hickman Courier, July 28, 1893

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BRIGHTER SKIES Overbang the Financial World-A Number of Suspended Banks to Resume. W ASHINGTON, July 25.-As viewed at treasury department the week begins with brighter financial prospects. A number of the recently failed banks are taking the necessary steps' to resume and Controller Eckels is lending them all the aid possible. He was notified Monday that the failed First National bank, of Kendallville, Ind., and the failed Northern National bank, of Big Rapids. Mich., would probably resume business this week. The First national bank, of Santa Anna. Cal., which resumed business on Saturday after a short suspension, received in deposits $12.000, while the withdrawal amounted to only $6,000. This is regarded here as an evidence that confidence is being gradually restored on the Pacific coast.

18. July 29, 1893 The Washburn Leader Washburn, ND
Article from The Washburn Leader, July 29, 1893

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GENERAL. Lieut. Peary's arctic ship sailed from Portland, Me. The Starr mills at Shelbyville, Ind., failed for $80,000. Col. Tyrrell, of the Michigan National guard, has been suspended by Gov. Rich for alleged insubordination. The strike of the Kansas- miners is almost over. There is a question of only 1 cent a ton. The New Manufacturing company at New York has failed. The company owes $182,000. The French Commission company failed at Kansas City. Assets, $12,000; liabilities, $60,000. Illinois National Guardsmen will not go into camp this year. Lack of funds is given as the reason. The Northern National bank at Big Rapids, Mich., has failed. No statement of its condition is given: Big Four's differences with its employes are adjusted, the men agreeing to no increase in their wages. Texas fever has broken out among the cattle in Chatauqua county, Kansas, and many animals have died. G. S. Thebo of Paris, Tex., sues the Choctaw nation for $110,349 attorney fees in the Choctaw-Oklahoma claim. Liquor dealers at Charleston will test the South Carolina state saloon law by an appeal to the high courts. Jones & Laughlin of Pittsburg signed the amalgamated scale, the workingmen accepting a reduction. of . 8 to 15 per cent. Jerry Simpson denies a report that he is a candidate for governor of Kansas. E. J. Binford, a Denver coal dealer, has failed, owing $76,800. The filing of a mortgage on the plant of the E. R. Holden Smelter company of Colorado has precipitated attach. ment proceedings. In the Denver courts the Farmers' Loan and Trust company won a suit to foreclose a $2,000,000 mortgage on the Denver Water company's works.

19. August 5, 1893 Evening Star Washington, DC
Article from Evening Star, August 5, 1893

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Bank Receivers Appointed. The controller of the currency today ape pointed receivers of insolvent national banks a follows: John S. Lawrence, receiver Northern Na tional Bank of Big Rapids, Mich. Gold T. Curtis, receiver First National Bank of Great Falls, Mont.

20. August 6, 1893 Grand Rapids Herald Grand Rapids, MI
Article from Grand Rapids Herald, August 6, 1893

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HOTEL CHATS Hugh McCurdy of Corunna. T. J. Collins. H. L. Authony of Storgis, George E Dowling of Montague, J. H. Fareham of Cassopolia, Arthur M. Clark of Lexington and John L Reid of New York arrived in The Morton last night to attend General Innes' funeral. J. Platt Underwood, a Chicago lum. berman. who was once manager of the old Tioga company's extensive plant at Big Rapids. is registered in The Morton. He is a nephew of Senatch Thomas C. Platt of New York. H. A. Matthews is a guest in Sweet's He has been appointed traveling freight agent for the "Big Four" road to assist J. Keavy, the general agent. Mr. Matthews formerly represented the M. & C. road. M. P. Gale of Big Rapids, president of the Northern National bank. of which John Lawrence has just been appointed receiver of, was among yesterday's are rivals in The Morton. 1 A. G. Runnels, sheriff of Newaygo county, dined in The Kent yesterday. He brought downa number of witnesses in the White counterfeiting case. John Call of Cleveland and A. H. Currie of Port Huron are registered in Sweet's. They are in the city to attend the races. D. J. McElheren of Chicago, assistant district attorney, is a guest in The Morton. H. Kitchel, the well-known Coldwater horseman, is registered in The Kent. MORTON-M. P. Gale, Big Rapids; W. H. Phillips, Menominee; J. W. Harvey, Detroit: J. W. Fleming, Traverse City; J.S. Vander Veen, Holland; H. L Osborn, Owosso. NEW LIVINGSTON-H. L. Brace. Newaygo; L R. Acker, Detroit; W. P. Skinner, Cedar Springs; S. C. Beecher, Lansing; M. J. Weldon, Detroit; L. E. Rowley, Lansing. SWEET'S-J. D. Moore, Ithaca; L C. Townsend, Jackson; G.A. Watson, Detroit; F. M. Cooper, Saginaw; 8. C. Despres, Traverse City; Clara L Anderson, Detroit. EAGLE-M. W. Calkins, Big Rapids; C. C. Newman, Sparta; A. Feldhouse, White Pigeon; C. M. House, Ovid; P. R. Dunning, Hastings; E. M. Colson, Kalkaska. KENT-A. G. Runnels, Newaygo; A. W. Dodge, Morley; H. L. Campbell, Alpine; J. W. Feighner, Muskegon; H. Kitchel, Coldwater; F. W. Saulter, Kalamazoo.

21. August 6, 1893 New-York Tribune New York, NY
Article from New-York Tribune, August 6, 1893

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TROUBLES OF BANKING COMPANIES. Leon, Iowa, Aug. 5 -The Decatur County Banking Association, the oldest concern In Southern Iown, Including brarch banks at Davis City and Garden Grove, suspended this morning. Assets, $471,000; liabilItles, $315,000. T. 8. Arnold has been named as assignee. It 1s believed that the embarrassment is only temporary, and that the depositors will be paid 10 full. Sparta, Wis., Aug. 5.-M. A. Thayer, operating banks at Sparta and Tomah, made an assignment yesterday. Depositors will receive about 60 cents on the dollar. The Waupaca National Bank is expected to resume in a few days. Washington, Aug. 5.-Controller Eckels has appointed John S. Lawrence receiver of the Northern National Bank of Big Rapid. Mich., and Gold S. Curtis receiver of the First National Bank, of Great Falls, Mont.

22. November 22, 1893 Grand Rapids Herald Grand Rapids, MI
Article from Grand Rapids Herald, November 22, 1893

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United States Court. JUDGE Sevenans-In re, Northern National bank of Big Rapids, order permitting receiver to sell certain personal property. Henry A. Rice TR. William T. Lamoreaux et al. assumpait; judg. ment on verdiet for $0,583.76.

23. April 25, 1895 Courier Democrat Langdon, ND
Article from Courier Democrat, April 25, 1895

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AROUND THE GLOBE DIGEST OF THE NEWS FROM ALL PARTS OF THE WORLD. All Important Occurrences of the Past Week, Boiled Down and Arranged for Rapid Reading, From Home and Abroad. From the Nation's Capital. Counterfeit two-cent postage stamps are in colulation in large quantities. The department of agriculture reports the average condition of winter wheat 81.4, against S6.7 last April. President Cleveland denounces the Massachusetts minister who accused him of intemperance. Ernest Harris and John T. Jones, melter and assistant melter respectively at the Carson mint, have been suspended. The shortage in the mint is , $80,000. The controller of the currency has declared a 5 per cent dividend in favor of the creditors of the insolvent Northern National bank of Big Rapids, Mich. The controller of the treasury has rendered a decision in which he holds that Judges Springer and Kilgore, recently appointed to the two districts in Oklahoma, cannot receive compensation for their services as such judges until after they have been confirmed.