9134. Missouri National Bank (Kansas City, MO)

View Charter #4494 on SPMC

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
4494
Charter Number
4494
Start Date
July 15, 1893
Location
Kansas City, Missouri (39.100, -94.579)

Metadata

Model
gpt-5-mini
Short Digest
188ae4353be91f2f

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Fed/other loan, Public signal of financial health, Capital injected, Full suspension, Books examined

Receivership Details

Depositor recovery rate
74.0%
Date receivership started
1896-12-03
Date receivership terminated
1902-06-23
OCC cause of failure
Losses
Share of assets assessed as good
35.7%
Share of assets assessed as doubtful
50.5%
Share of assets assessed as worthless
13.8%

Description

Contemporary reports describe a run beginning July 15, 1893 after the failure of the Bank of Kansas City; the Missouri National suspended when the Comptroller took possession on July 17, 1893, and then resumed business around July 31/August 1, 1893. Suspension was triggered by heavy withdrawals and closed by government (comptroller) action; later reopened.

Events (5)
1. December 30, 1890 Chartered
Source
historical_nic
2. July 15, 1893 Run
Cause
Local Banks
Cause Details
Run precipitated by the failure of the Bank of Kansas City and general loss of confidence spreading to other Kansas City banks.
Measures
Paid out money rapidly; multiple paying tellers were put to work to meet withdrawals.
Newspaper Excerpt
The failure of the Bank of Kansas City yesterday precipitated runs on three-fourths of the large banks in the city... At 10 o'clock there were two long double rows of depositors in the Metropolitan and Missouri National banks.
Source
newspapers
3. July 17, 1893 Suspension
Cause
Government Action
Cause Details
Heavy withdrawals following the run left the bank unable to continue; the Comptroller of the Currency took possession and closed the bank.
Newspaper Excerpt
The Missouri National Bank suspended payment and closed its doors at 11:45 o'clock this morning. The comptroller of the currency took possession of the Missouri National bank at noon.
Source
newspapers
4. July 31, 1893 Reopening
Newspaper Excerpt
The Missouri National bank resumed business this morning, having fully recovered from the effects of the senseless panic which caused its suspension two weeks ago.
Source
newspapers
5. December 3, 1896 Receivership
Source
historical_nic

Newspaper Articles (23)
1. July 16, 1893 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, July 16, 1893

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Kansas City Bank Rans. [By telegraph to the Dispatch.] KANSAS CITY, Mo., July 15.--The - failure of the Bank of Kansas City yesterday precipitated runs on three fourths of the large banks in the city to-day, and Delaware and Ninth streets, the bank streets. were thronged as they have not been in years. Crowds were on every corner and before and around every large bank. At 10 o'clock there were two long double rows of depositors in the Metropolitan and Missouri national banks. The New York Life Building, in which they are located, was thronged. The Metropolitan had two paying-teller at work and the Missouri National had three. All the banks paid out money fast. but the greatest excitement was about the Bank of Commerce. the two named just above. and the First National. The Bank of Commerce had three stalwart policemen before the door. and none except those who had business with the bank were allowed to enter. There had been rumors about the bank. which has a paid-up capital of $2,000,000. for some time and last night the stockholders, realizing that the bank was in danger, owing to the excitement. signed a pledge passing their estates into the bank's assets. The sum total was about $4,000,000. At noon confidence had been in a large measure restored and all the runs were stopped except the one on the Missouri National, which continued slowly. Unless some bank fails the crisis for the imme. diate present 18 passed.

2. July 16, 1893 The Times Richmond, VA
Article from The Times, July 16, 1893

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RUN ON KANSAS CITY BANKS. The Failure of One Institution Precipitates a General Storm-Bank Failures. KANSAS CITY, MO., July 15.-The failure of the Bank of Kansas City yesterday précipitated runs on three-fourths of the large banks in the city to-day, and Delaware and Ninth streets, the bank streets, were thronged as they have not been In years. Crowds were on every corner and before and around every large bank. At 10 o'clock there were two long double rows of depositors in the Metropolitan and Missouri National Banks. The New York Life building, In which they are located, was thronged. The Metropolitan had two paying tellers at work and the Missouri National had three. All the banks paid out money fast, but the greatest excitement was about the Bank of Commerce, the two named just above, and the First National. The Bank of Commerce had three stalwart policemen before the door, and none except those who had business with the bank were allowed to enter. There had been rumors about the bank, which has a paid-up capital of $2,000,000. for some time, and last night the stockholders, realizing that the institution was in danger, owing to the excitement, signed a pledge passing their estates into the bank's assets. The sum total was about $4,000,000. About noon confidence had been in a large measure restored, and the runs were stopped. except on the Missouri National, which continued slowly. Unless some bank falls the crisis for the Immediate present is passed. STARKVILLE, MISS., July 15.-The First National Bank closed its doors yesterday, as a result of the financial stringency. It is believed that depositors will be paid in full. The bank has a paid up capital of $50,000. CARMI, ILL., July 15.-The old banking-house of Hay & Webb made a general assignment yesterday. The assets are $216,267. and liabilities $180,000. Hay & Webb have been In business for thirtyfive years. The stringency of the money market is the chief cause of the failure. KANSAS CITY, MO., July 15.-The Northrup Bank, of Kansas City, Kansas, of which J. S. Chick, of the National Bank of Kansas City, which failed yesterday, was also president, closed its doors this morning. Bank Examiner C. W. Galbreath took charge of the suspended Kansas City National Bank this morning. There was a run on the National Bank of Commerce as soon as that concern opened for business this morning. In the statement made yesterday the condition of the bank was shown to be good, and the officials assert that they will be able to stand a long run, which, however, they think will not be necessary. But little excitement prevails, and it is thought the bank will pull through all right. as it ranks with the strongest in the city.

3. July 16, 1893 The Morning News Savannah, GA
Article from The Morning News, July 16, 1893

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RUNS ON KANSAS CITY BANKS. All the Institutions Meet the Crisis Without a Crash. Kansas City, Mo., July 15.-The failure of the Bank of Kansas City yesterday precipitated runs on three-fourths of the largest banks in the city to-day, and Delaware and Ninth streets. the bank streets, were thronged as they have not been in years. Crowds were on every corner, and before and around every large bank. At 10 o'clock there were two long double rows of dépositors in the Metropolitan and Missouri National banks. The New York Life building, in which they are located, was thronged. The Metropolitan had two paying tellers at work, and the Missouri National had three. All the banks paid out money fast, but the greatest excitement was about the Bank of Commerce, the two named just above, and the First National. The Bank of Commerce had three stalwart policemen before its door, and none except those who had business with the bank were allowed to enter. There had been rumors about the bank, which has a paid up capital of $2,000,000, for some time. and last night the stockholders. realizing that the bank was in danger, owing to the excitement, signed a pledge passing their estates into the bank's assets. The sum total was about $4,000,000. At noon confidence had been in a large measure restored and the runs were stopped, except the one on the Missouri National, which continued slowly. Unless some bank fails the crisis for the immediate present is passed.

4. July 17, 1893 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, July 17, 1893

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Another Arrest. TACOMA, Wash., July 16.-W. S. Dusenberry, cashier of the suspended bank of Puyallup, was arrested at Yaki maya, charged with embezzling $41,000 of the bank's funds. He is a prominent man here. Dusenberry was taken to Puyallup for a hearing. Bail was fixed at $10,000, which he was unable to furnish, and he was remanded to jail. Where Are They At? ST. LOUIS, Mo., July 15.-The stockholdersof six building and loan associations, each capitalized at $600,000, are wondering today where they are at. The associations are the Western Union, Nos. 1, 2, 3, 4, 5 and 6. Yesterday, Milo T. Bogard, secretary of all the associations, and also one of the largest real estate dealers in the city, gave warranty deeds of all his property to John H. Vette, a money lender whose rates of interest are considered too high for ordinary business men to touch. For what purpose the deeds are given could not readily be ascertained. The stockholders of the six associations learned of the transaction this morning and alarmed for their own interest hastened to Bogard's office and took possession of his books. An examination was at once commenced, but it will take a long time to unravel them in their complicated condition. In the meantime Bogard could not be found and therefore no explanation of his side of the story could be obtained. Trouble in Kansas City. KANSAS CITY, Mo., July 15.-The failure of the Bank of Kansas City yesterday precipitated runs on three-fourths of the large. banks in the city today, and Delaware and Ninth streets, the bank streets, were thronged as never before in years. The Bank of Commerce had three policemen before its door, and none except those who had business with the bank were allowed to enter. There have been rumors about a bank which has a paid-up capital of $2,000,000 for some time, and last night the stockholders realizing the bank was in danger, owing to the excitement, signed a pledge passing their estates into the bank's assets. The sum total was about $4,000,000. At noon confidence in a large measure had been restored, and the runs stopped except on the Missouri National, which continued slowly. Unless some bank fails the crisis for the immediate present is passed. Tried an Unfortunate Experiment. NEW YORK, July 16.-Chancellor McGill at Jersey City, yesterday, appointed John C. Paul receiver of the Garwood Steel Works. The company was originally a Boston concern and made steel car wheels. The works are at Garwood, N. Y., and $300,000 has been lost in following a new process.

5. July 17, 1893 The Waco Evening News Waco, TX
Article from The Waco Evening News, July 17, 1893

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KANSAS CITY BANKS. Grand Avenue and Missouri National Banks Close. By Associated Press to The News. KANSAS CITY. July 17.-The Missouri National Bank suspended payment and closed its doors at 11:45 o'clock this morning. The Grand Avenue Bank, a private instiution, assigned this morning to James B. Pinchel, who im mediately took charge. The assets are $600,000 and liabilities *140,000 The Grand Avenue holds ample gilt edge securities to meet obligations, it is claimed by the of ticials, and they all easy that they expect to resume business shortly. It was rumored Saturday that this bank had closed, but it appears the officials secured money sufficient to tide them over till today. When it was opened none of the securities could be real. ized on, account of the scarcity of money. Confidence in the ability of the bank to pay dollar for dollar is expressed by other banks and no excitement over the tempo. rary closing is manifested. A. Lambert is presidont; II. S. Tunbenach, vice-president, and H. C. Lambert, cashier, of the Grand Avenue bank. It was despite the assertions of strength and the publishing of fav orable statements Saturday that the Missouri National bank was taken possession of by the comptroller of currency shortly before noon today. The bank was immediately closed as tight as a clam, and it was impossible to get a statement from the officers. The Missouri National is a new bank, having opened in January, 1891 Its capital stock paid in is *250,000, and its surplus is $6000, according to the statements Saturday, made in compilance with the request of the comptroller of the currency. The cash and sight exchange were placed at $271,024, and the deposits at $900,163 The officers are D. V. Ryger, president; Henry C. Kaupau, vice president; D. R. Connington, cashier.

6. July 18, 1893 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, July 18, 1893

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TWO MORE BANKS At Kansas City Suspend-They Are Sup. posed to be Solvent. KANSAS CITY, Mo., July 17.-The Missouri national bank suspended payment and closed its doors at 11:45 o'clock this morning. The Grand Avenue bank, a private institution, assigned this morning to James B. Ricket, who immediately took charge. The assets are placed at $200,000 and the liabilities at $40,000. The Grand Avenue bank holds ample securities to meet obligations, it is claimed, and the officials says they expect to resuine business shortly. It was rumored Saturday that this bank had closed, but it appears the officials 80cured money sufficient to tide them over till to-day, when it was hoped some of their securities could be realized on. On account of the scarcity of money, however, this way impossible. Confidence in the ability of the bank to pay dollar for dollar is expressed by other bankers here, and no excitement over the temporary susponsto. is manifested. A. Lambort is president, H. Stubenrauch vice president and E. C. Lambert cashier of the Grand Avenue bank. The Missouri National is a new bank, having opened in January, 1891. It has a capital stock paid in of $250,000 and a surplus of $6,000. According to the statement issued Saturday, in compliance with the request of the comptroller of the currency, cash and sight exchange were placed at $271,024, and the deposits at $900,763. The officers are D. V. Reiger, president; Henry C. Kaupf, vice president; R. D. Covington, cashier.

7. July 18, 1893 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, July 18, 1893

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PEOPLE AND PLACES. SOUTH BEND. Ind., July 17. - - Rev. Thomas F. Walsh. president of the Notre Dame university, died this morning. PHILADELPHIA, Pa., July 17. -John J. McConnell, a cotton manufacturer. has assigned. The liabilities are $200,000. The assets will exceed $100,000. CHICAGO, July 17.-- Joseph Midoc of Little Rock. Ark.. was fumbling about in Louis Dillon's room at 4 o'clock this morning. Dillon, waking suddenly, drew a revolver and shot Midoc dead. WASHINGTON. July 17.-The treasury today purchased 80,000 ounces of silver as follows: 50,000 at $0.734: 30,000 at $0.73 4-5. Offers were 738,000 ounces. The total amount of silver purchased to date for July is 948,000 ounces. SANTA ROSA. Cal., July 17.-A photograph of the new comet shows the interesting fact that another comet is enveloped in the tail of the first one. Its tail, also merging in another one, appears to move in the same orbit, or one exactly parallel and at the same rate of speed. BIRMINGHAM, Ala., July 17. A posse has been searching since Saturday night near Brierfiled. for a negro charged with the assault, robbery and murder of two women. He retreated into a swamp which was surrounded last night, and it is believed he will be captured and lynched. CHICAGO, July 17.-By unanimous vote the national commission indefinitely postponed action in the White-Webster contest for a scat in the commission from New Mexico. By this action Mr. White, who was removed by the governor of New Mexico and the removal confirmed by President Cleveland, will retain his seat. The commission further instructed the secretary to notify the secretary of state of the action taken. KANSAS CITY, July 17.-The comptroller of the currency took possession of the Missouri National bank at noon. No statement. It has a paid up capital of a quarter of a million. According to the statement to the comptroller on Saturday it had a cash and sight exchange of $271,000: deposited $900,763. The Grand Avenue bank suspended this morning. Assets. $200,000: liabilities. $140.000. It is expected to resume shortly. It is not doubted among bankers that it will pay dollar for dollar. DENVER, July 17.-The - People's Savings bank. the Rocky Mountain Dime and Dollar bank and the Colorado Savings bank did not open their doors this morning. The assets of the People's bank is $1.500,000; liabilities, $1,350,000. President Lawrence says the failure will in no way affect the People's National. The Colorado Savings bank statement shows deposits $486,000, with assets $730.60 in excess of liabilities. The assets of the Rocky Mountain Dime and Dollar Savings bank is $156,803: liabilities, $105,654. The officers of all three say the debts will be paid in full. It is understood all assignments were preconcerted for self-protection and the protection of depositors.

8. July 18, 1893 Wheeling Register Wheeling, WV
Article from Wheeling Register, July 18, 1893

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CONCERNING BUSINESS AND FINANCE. -KANSAS CITY, KAS., July 17.-The Missouri National Bank suspendended payand closed its doors at 11:45 o'clock The a this ment morning. Grand Avenue this morning Bank, private institution, assigned to James B. Rickett, who immediately took charge. The assets are placed at $200,000 and the liabilities at $140,000. The Grand Avenue Bank holds ample securities to it is expect to resume It was rumored cials meet shortly. say obligations, they claimed, Saturday and business the that offithis bank had closed, but it appears the of ficials secured money sufficient to tide them over till to-day, when it was hoped of their securities could be realized of the money, this was some on. however, On account impossible. bank scarcity Confidence of dollar for in the ability of the to pay dollar is expressed by other bankers here, excitement over is manifested. A and pension no the Lambert temporary is Pres- susident, H. Stubenrauch, Vice President, and E. C. Lambert, Cashier of the Grand Avenue Bank. KANSAS CITY, Mo., July 17.-It was despite assertions of strength and the publiahing of a favorable statement Saturday that the Eissouri national bank was taken possession of by the comptroller of the currency shortly before noon to-day. The bank was immediately closed as tight as a clam and it was impossible to get a statement from officers. The Missouri National is a new bank having opened in January, 1891. It has a capital stock paid in of $250,000 and its surplus is $6,000. According to the statement Saturday issued in compliance with the request of the comptroller of the currency cash and sight exchange were placed at $271,024, and the deposits at $900,763. The officers are D. V. Reiger, president; Henry C. Kaupf, vice president; R. D. Covington, cashier. PORTLAND, IND., July 17. -The report in yesterday's dailies that R. H. Horne, produce merchant, of Union City, had failed There is simply a disputed the company a is account a mistake. between and branch- New York firm. The company has eight es, one of the largest of which is located here. and has $170,000 of capital. NEW YORK: July 17.-Five hundred thousand ounces of silver and 100,000 Mexican dollars will go to Europe on the Spree to-morrow. WASHINGTON, D. C., July 17.-The Treasto-day purchased 80,000 as ury ounces Department of silver follows: 50,000 at $0.7340: 30,000 at $0.7345. The offers were 738,000 ounces. The total amount of silver purchased up to date for July is 948,000 ounces. SOUTHAMPTON, July 17.-The North German Lloyd steamer Ems, Captain Reimkastien, from Bremen which sailed hence at 6 o'clock vesterday afternoon for New York has on board $210,000 in gold, NEW YORK, July 17.-The Duplex Street Railway Track Company, a West Virginia corporation, operating a patent for a street with an railway track, office John at D. 51 Elwell, Wall street, today assigned to without preferences. Liabilitiet. $150,000. WASHINGTON, July 17.-The Comptroller of the Currency has been informed that the First National Bank of Codartown, Ga., closed its doors to-day. TOPEKA. KAS., July 17.-State Bank Examiner Breidenthal says the Hood & Kincaid Bank, of Pleasanton, Kansas, has

9. July 18, 1893 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, July 18, 1893

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KANSAS CITY SUSPENSIONS Kansas City, July 17.-The Missouri National Bank suspended payment just before noon. Kansas City, Mo., July 17.-The Grand Avenue Bank, a private institution, suspended this morning. Assets $201,000; liabilities $140,000. Kansas City, July 17.-The comptroller of currency took possession of the Missouri National Bank at noon. No statement has been made. The bank has a paid up capital of a quarter of a million.

10. July 18, 1893 The Sun New York, NY
Article from The Sun, July 18, 1893

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TWO MORE KANSAS CITY BANKS FAIL. The Missouri National Had Aid Coming on the Way From New York. KANSAS CITY. July 17.-This was another exciting day in Kansas City financial circles. Two banks failed. making the total number of failures Reven. The Missouri National Bank suspended payment. and closed its doors at 11:45 o'clock this morning. Despite assertions of strength and the publishing of a favorable statement Saturday. the bank was taken possession of by the Comptroller of the Currency to-day. President D. V. Rieger was overcome with grief and he covered his face with his hands. and. with tears in his eyes, said: "Here is the work of seventeen years shattered. have done all I can: we all did all we could. but we could not help it. They drew out. and drew out. and it seemed as if they would never stop until they had taken every cent we had. The Third National Bank of New York wired us to draw on them for any sum. but we could not get money here in time to do us any good. Our statement published last week shows our condition to-day. excepting that more than one-half of the deposits of the bank have been withdrawn by depositors since that time. The officers show the assets to be $1,254,785. and the liabilities, excepting carital stock, about $700,000. July 1 the bank paid its regillar annual dividend of 3 per cent. The omcers declare that depositors will be paid dollar for dollar. The Missouri National is a new bank. having opened in January. 1891. It has a capital stock paid in of $250,000. and its surplus is $6,000. According to the statement made Saturday. issued in compliance with the request of the Comptroller of the Currency. cash and sight exchange were placed at $271.024, and the deposits at $900,773. The Grand Avenue Bank. a private institution. assigned this morning to James B. Rickel. who immediately took charge. The Assets are placed at $200,000 and the liabilities at $140,000. The Grand Avenue Bank holds ample gilt-edged securities to meet obligations. it is claimed. and the officials say they expect to resume business shortly. There WAS no well-defined run on any of the other national banks this morning. although some deposits were drawn out.

11. July 18, 1893 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, July 18, 1893

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BANK SMASH AT KANSAS CITY. The Missonri National Sends for Uncle Sam's Examiner. KANSAS CITY, July 18.-The Missouri National bank has suspended payment, closed its doors and sent for Bank Examiner Galbraith. The comptroller of the currency at Washington was immediately notified by wire. The bank's assets are $1,264,785.50 and the liabilities outside of its capital stock are $700,000. The Missouri National bank is a new bank with choice securities and people seemed to have unlimited faith in it until Saturday, when they started a run which took about $200,000 from the vaults. Yesterday the large depositors began to draw out their accounts, though there was no run and men passing the bank could see no sign of the anxiety of the bank's officers as check after check for large sums was presented for payment. There was no crowd about the bank or in the bank during the morning. The public generally supposed the bank had stood the crucial test of Saturday successfully and would therefore pull through without further trouble. But the remarkable financial distrust that has permeated every artery of trade was surely doing its work, and as soon as the bank opened in the morning the big depositors, the friends of the bank, began to withdraw. They were not numerous, but their checks called for big amounts. The Bank of Grand avenue which carried on bu. iness at 1401 Grand avenue, closed its doors at 9:40 o'clock in the morning. Assets, $200,000; liabilities, $140,000.

12. July 18, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 18, 1893

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TWO KANSAS CITY BANKS SUCCUMB. The Missouri National and the Grand Avenue Bank Suspend. KANSAS CITY, July 17.-The Missouri National bank suspended payment just before noon. The comptroller of the currency took possession at noon. The bank has a paid up capital of $250,000. According to the statement of the comptroller Saturday, it had cash and sight exchange of $250,000; deposits, $900,763. A later statement by the officers shows: Assets, $1,254,785; liabilities, $700,000. Assistance was on its way from the east, but did not arrive in time, as the depositors were making heavy drafts on the bank. The officers declare depositors will be paid in full. The Grand Avenue bank, a private institution, suspended this morning; assets, $200,000; liabilities, $140,000. It is expected that it will resume shortly. It is not doubted among bankers that it will pay dollar for dollar. There was no general run on any of the other national banks, although some deposits were drawn out. This evening they were given as follows: Bank of Riter & Doubleday, of Columbus: Johnson City bank of Johnson City Bank of Weir City; Caney Vally bank of Caney; and Bank of Meade at Meade center. It is impossible to obtain a statement tonight.

13. July 19, 1893 The Indiana State Sentinel Indianapolis, IN
Article from The Indiana State Sentinel, July 19, 1893

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The Missouri National Closes. KANSAS CITY, Mo., July 17.-The Missouri national bank suspended payment and closed its doors at 11:45 o'clock this morning. The Grand-avenue bank, a private institution, assigned this morning to James P. Pickel, who immediately took charge. The assets are placed at $200,000 and the liabilities at $140,000. The Grand-avenue bank holds ample gilt-edged securities to meet obligations, it is claimed, and the officials say they expect to resume business shortly. According to the statements Saturday, issued in compliance with the request of the comptroller of the currency, cash and sight exchange were placed at $271,024 and the deposits at $900,763. The officers are D. V. Rieger, president; Henry C. Kaupf, vice-president; R. D. Covington, cashier.

14. July 19, 1893 Watertown Republican Watertown, WI
Article from Watertown Republican, July 19, 1893

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a The Colorado Metropolis Experiences Severe Financial Blow. DENVER, €ol., July 17.-The first bank failure in Denver since 1874 occurred this when the People's Savthe Colorado ings morning, Bank, Savings Dime Bank and and the Rocky Mountain Dollar Savings Bank closed their doors. An estimate of the assets are $1,500,000 with liabilities at $1,350,000. The Colorado Savings Bank, of which F. K. Atkins is president and C. Atkins cashier, in their statement to the assignee, Frederick Butters, place the open accounts due depositors at $435,108.54; certificates of deposit, $50,699.36; due other banks, $3,236.95; cashier's checks, $625. Their assets over liabilities in what is declared to be good commercial paper, well secured, is $73,063.72. F. W. Woodbury is president and G. F. Clark cashier of the Rocky Mountain and Dollar Savings Bank, of Charles H. was made assignee. morning which Dime Blakeny A detailed this statement has not vet been made, but from the books of the institution it would appear that the assets are $156,803.53 and the liabilities $105,654.32. The officers of the institution positively assert that the depositors will not lose a dollar. It is understood that all the assignments were preconcerted and was done for self-protection and for the protection of the depositors. The direct cause of the failures was the universal hard times and inability to realize on securities. President Lawrence, of the People's Savings Bank, in a statement this morning, said the savings bank up to six weeks had a most career, in $1,300,000 its depositors in paid having to ago deposit successful interest and $112,- had 482. The causeless run which started May 23 and really continued up to last when the entire available the bank were was left but to Saturday means nothing of night exhausted assign. their The and officers of the institution pledged estates to its support, but the feeling that has been engendered among Eastern banks and financial institutions by the recently published expressions and demonstrations that have been heralded from Colorado that a thirty-day note for $100,000 or $1,000 signed by Colorado parties worth $4,000,000 to raise immediate money was not worth the paper it was written upon. Most persistent efforts were made to obtain temporary assistance to tide the bank over and up to four days ago, this necessary assistance was promised by Eastern correspondent banks, but since the doings of the recent convention in this city became known all over the country these promises were cancelled by telegraph and no alternative was left with notices amounting to nearly $500,000 for withdrawals of deposits maturing within the near future staring the banks in the the cash on hand paid down to make a full and the $223-but face protection and to benefit assignment of will all. in The for failure in the Savings Bank no way affect the People's National Bank which, with all other national banks, is perfectly sound, and there is no trouble outside the savings bank. Arunon the Denver Savings Bank is impending. The bank is taking advantage of the thirty and sixty days' notfication law and is paying out no amounts over $25. KANSAS CITY, Mo., July 17.-Despite assertions of strength and the publishing of a favorable statement Saturday, the Missouri National Bank was taken possession of by the comptroller of the currency shortly before noon to-day. The bank was immediately closed as tight as a clam and it was impossible to get a statement from the officers. The Missouri National is a new bank, having opened in January, 1891. It has a capital stock, paid in, of $250,000, and its surplus is $6,000. According to their statement Saturday issued in compliance with the request of the comptroller of currency, cash and sight exchange were placed at $271,024, and the deposits at $900,763. The officers are D. V. Rieger, president; Henry C. Kumpf, vice-president; R. D. Covington, cashier. The officers show the assets to be $1,154,785 and the liabilities, excepting capital stock about $700,000. During the run on the different national banks here Saturday, quite a run was precipitated upon the Missouri National, though the withdrawals were alone made by the small depositors. This morning, however, several large depositors withdrew their money, and the amounts, running well up into the thousands, made further continuance impossible. For a while slight confidence was restored by Ferd. Heim, a local brewer, deposition $32,000 in the concern, at this soon lost its effect for good. Aid had beenasked from the Third National Bank of New York and the assistance was on the On 1 the the annual per regular way. City July dividend of bank 3 paid cent. The official declared that depositors

15. July 19, 1893 New Ulm Review New Ulm, MN
Article from New Ulm Review, July 19, 1893

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AT KANSAS CITY. Two Banks Forced to Suspend Pay. ment-More Trouble Likely. KANSAS CITY, July 18.- - The Bank of Grand avenue and the Missouri National bank suspended payment at noon. When the Bank of Grand Avenue opened its doors for business a long line of depositors had formed on the side. walks and as soon as the paying teller appeared at the window began drawing out their money. The run kept up until nearly noon, when the bank was forced to assign to John James Ruckel. The assets are stated to be $200,000. The bank c. ared through the National Bank of Kansas City, and, it is alleged, lost considerable money in that institution. The Missouri National bank was one of those which stood a heavy run Saturday. It had a paid up capital of a quarter of a million dollars and was a new institution. It had been deemed solid. though its statement issued at the close of business July 13 showed only $221,225 as a reserve against over $900,000 deposits. D. V. Reiger was the bank's president and Henry C. Kumpf, ex-mayor, vice president. The failures will probably precipitate more trouble here.

16. July 22, 1893 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, July 22, 1893

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TELEGRAPHIC BREVITIES. Sixty printers are seeking work in Denver. Five convicts escaped from Maddock's camp, Ga., this week. Many great mines in Mexico have shut down to await a raise in silver. Russia has agreed to stand by France, come what may, in the Siamese trouble. A miner, his wife and a child died from eating some canned goods near Fontanel, Ind. George Frederick Parsons, a well known editorial writer of the New York Tribune, is dead. The large carpet house of Hardenburg & Co., in Brooklyn, has assigned to Hugo Hirsh. The Missouri National bank of Kansas City, Mo., will resume businesss on Monday. Tne last revolution in Nicaragua has been quelled. Another one may come off to-morrow. Hoskier Wood & Co., of New York, have an assignment in gold of $125,000 coming on the Teutonic. The Journal of Agriculture, of St. Louis, says the deficit of wheat this year will be 100,000,000 bushels. The seal catch to June 27 amounted to 24,645 skins, said to have all been taken outside of the Behring sea. A. Cohen & Co., of New York, Ince importers, have assigned. Liabilities $40,000; nominal assets, $80,000. Two men were fatally hurt and one killed in a battle between tramps and citizens near Sheffield, Ind. The splendid new St. Mary's church, Catholic, at Long Island City, was destroyed by fire yesterday. James O'Neil, broke away from the chain gang at Blackfoot, Idaho, and was fatally shot by Deputy Sheriff Winn. At Kansas City it is thought that the flurry is over and the depositors are anxious to have the banks reopen. A plea for financial help has been issued in behalf of those rendered homeless by the Pomeroy, Iowa, cyclone. The People's bank, Pomona, Cal., re" opened yesterday. The deposits were large and the withdrawals small. A runaway box-car ran into a freight train near Jonesboro, Ill., killing Brakeman J. Marshall and injuring two others. John L. Plain, a prominent lumber merchant of Washington, while suffering hallucination, leaped from the roof of his house to his death. John Swarthoul, under indictment with his brother, Ernest, for the murder of their wealthy father at Marion, Ill., died of consumption. Banker Adrian Iselin, of New York, today bought at auction the palatial house of the defunct Manhattan Athletic club, the price being $456,000. Fifty thousand Turners and their friends are in Milwaukee to attend the opening of the 26th annual convention of the Society of American Turners. Four hundred Indian salmon fishers on Frazer river, British Columbia, have formed a union to secure a raise of wages and freeze out the Japanese. Dick Dow, George England and Jim McCoy, whisky peddlers, are under arrest at Atoka, I. T., charged with robbing a train near Springfield recently. Henry Patterson, of San Francisco, the oarsman, will accept the challenge of John Teemer to row any man in the world, bar

17. July 28, 1893 Shenandoah Herald Woodstock, VA
Article from Shenandoah Herald, July 28, 1893

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South and West. AT Denver. Col.. the People's Savings, the e Rocky Mountain Dime and Dollar and the I Colorado Savings Banks have closed their e doors. At Kansas City, Mo., the Missouri National Bank has suspended payment: also 1 the Grand Avenue Bank, a private institu: tion. The assets are $200,000; liabilities, $140,000. l FOUR people were killed and several injured in a collision between a Grand Trunk train and a horse car in Chicago, III. THE foreign exhibitors at the World's e Fair are getting ready to file claims against the National Government for damages, claims to the amount of $400,000 having already been prepared. THE First National Bank at Cedartown. Ga., closed its doors. The suspension was caused by inability to realize at once on collaterals. SECRETARY MOHLER has issued a statement saying that if the conditions continue favorable Kansas will have the largest corn crop in the State's history, with the exception of that of 1889. Miss EMMA GARRETT. of Philadelphia, who with her sister, Miss Mary 8. Garrett, had charge of the Pennsylvania blind children's exhibit at the World's Fair, committed suieide by leaping from a window at the Briggs House, THREE Denver (Col.) National banks-the Union National, the Commercial National and the National Bank of Commerce-closed their doors, owing to the heavy demands of excited depositors. The Mercantile Bank, a small private institution. also suspended, owing to the closing of the Union Bank. URUGUAY'S exhibition in the Agriculture Building, World's Fair. was thrown open to the public view, and was visited by large crowds. THE drouth, which exten led over an area of 40,000 square miles in Western Texas, has been broken by good rains. AT Denver, Col., the German, State and People's National Banks closed their doors to forestall the heavy demands that it was evident would be made. The list of closed banks in Denver is now thirteen. of which six are National, five savings and two private institutions. Two men were mortally wounded and on? instantly killed in a pitched battle between tramps and citizens near Sheffield, Ind. AT Green Bay, Wis., Rear-Admiral Melancton Smith. United States Navy, died after a two-days' illness. He was born in New York City, May 24, 1810, and entered the navy as 8 midshipman at the age of sixteen. THE Brazilian Building was dedicated at the World's Fair. THE Commissioners of Agriculture of the Southern States, in session at Atlanta, passed a resolution calling for the adoption of a uniform system of control and regulation of the manufacture and sale of commercial fertilizer. SWEDEN'S day at the World's Fair was celebrated by a big procession and a concert: Columbia's Building was opened on the same day. A NUMBER of striking miners, with their wives, attacked the strip pit miners in one of the mines near Weir City, Kan. A fierce fight ensued, in which clubs and firearms were used. About 100 shots were fired and a number on both sides were injured. No one was killed. IT is estimated that ten thousand persons in Denver, Col., and twenty thousand out. side of it have been thrown out of work by the cessation of silver mining. They are in great distress.

18. July 28, 1893 Fisherman & Farmer Elizabeth City, Edenton, NC
Article from Fisherman & Farmer, July 28, 1893

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South and West. THE Bank of Mound Valley, Kan., owned by C. M. Condon, of Oswego, was robbed by three men who rode into the town and entering the bank tied and gagged the cashier, J. 0. Wilson, and secured the money in sight. which amounted to $600. A YELLOWISH black cloud came up from the west and swept through Stillwater. Minn., along Lake St. Croix, thence across the lake, and spent itself in the Wisconsin woods to the southeast. Two persons were killed, William Anez and Samuel Simonson. THE National Bank of Kansas City. Mo.. has failed; the liabilities are about $1,000,000 and assets estimated at over $2,000,000. AN explosion of fireworks occurred at a grove near Chicago, III.. in which an Italian society was holding a picnic. The explosion resulted in the killing of four persons-three men and a boy-and the wounding of twelve others. THE last open Sunday of the World's Fair did not show any improvement upon other Sundays in point of attendance, but as nearly all passholders paid the entrance fee of fifty cents, the fund for the benefit of the sufferers from the cold storage fire was increased in a substantial way. About $30,000 was realized. AT Denver. Col., the People's Savings, the Rocky Mountain Dime and Dollar and the Colorado Savings Banks have closed their doors. At Kansas City, Mo., the Missouri National Bank has suspended payment, also the Grand Avenue Bank. a private institution. The assets are $200,000; liabilities. $140,000. FOUR people were killed and several injured in a collision between a Grand Trunk train and a horse car in Chicago, III. THE foreign exhibitors at the World's Fair are getting ready to file claims against the National Government for damages, claims to the amount of $400,000 having already been prepared. THE First National Bank at Cedartown, Ga., closed its doors. The suspension was caused by inability to realize at once on co!laterals. SECRETARY MOHLER has issued a statement saying that if the conditions continue favorable Kansas will have the largest corn crop in the State's history, with the exception of that of 1889.

19. August 1, 1893 The Helena Independent Helena, MT
Article from The Helena Independent, August 1, 1893

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TO PREVENT HOARDING. New York Savings Banks Require the Time Limit. NEW YORK, July 31.-This morning the savings banks of the eit% as a rule, began to take advantage of the sixty-day time classe, where largo amounts are concerned. to check the withdrawal of money for boarding or in senseless fright. but while nearly all the banks claimed the privilege of the time olanse, still in comparatively few instances was is applied. There did not seem to be any run anywhere. In Brooklyn the effect was somewhat different and the notice caused several rans. The greatest was on the Brooklyn Savings bank. When the doors opened this morning an enormous orowd were waiting to draw money. Threats were made. but as these were of no avail the crowd went away in an ugly mood. There were slight rune also on the South Brooklyn Savings institution and the Dime Savings bank. KANSAS CITY, July 31.-The Missouri National bank resumed business this morning, having fully recovered from the effects of the senseless panic which caused its suspension two weeks ago. CEDAR RAPIDS, Iows, July 81.-A. Daniels & Co., private bankers at Marion, have made an assignment. It is believed all will be paid in full and the bank be open in a few days. PORTLAND, Ore., July 81.-The First National bank of East Portland failed. Officers say the suspension is temporary. Resources, July 12, $325,000, deposits $160,000. AKRON, O., July 31.-The Akron Savings bank went into the hands of a receiver this morning. Capital $200,000, reserve $50,000, surplus $18,000. Will pay in full. THE DALLES, Ore., July 31.-The First National bank failed this morning, due to closing of the Commercial National bank of Portland. HORNELLSVILLE, N. Y., July 81.-N. M. Craneland, a private banker, failed this morning. Assets ar said to exceed liabilities. SPRINGFIELD, Mo., July 31.-The Springfield Savings bank failed this morning. Deposits $100,00. capital $25,000; will pay in full. PENDLETON, Ore.. July 31.-The Pendleton Savinge bank has temporarily suspended. Assets $250.000, liabilities $135,000. ASHLAND. Wis., July 1.-The First National bank failed this morning, owing to the steady drain on deposits.

20. August 1, 1893 The Durham Daily Globe Durham, NC
Article from The Durham Daily Globe, August 1, 1893

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11--4277, Washington National bank, Spokane Falls, Wash. 12-4486, National Bank of Commerce, Provo City, Utah. 13-4134, First National bank, Cisco, Tex. 14-4494, Missouri National bank, Kansas City, Mo. Many more will reopen, as the majority of those recently failed are absolutely solvent and only closed through an un- warranted lack of confidence in them, causing disastrous runs. To resume: Number now in operation, 3785; number failed since January 1, 1893, 105; number reopened, 14; number in hands of receiver, 33; number in hands of bank examiners with application to comptroller for resumption, 58.

21. August 4, 1893 Iowa County Democrat Mineral Point, WI
Article from Iowa County Democrat, August 4, 1893

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seconds. STRAY SPARKS. Charles C. Collins, an old time western newspaper man and formerly editor and proprietor of the Sioux City Times, is dead. For the first time since the passage of the Sherman silver law the treasury in July failed to buy the full quota of 4,500,000 ounces of silver. In the National Tennis association tournament at Chicago yesterday Hovey defeated McCormick in singles, winning the Harvard championship. The building and stock of Buyer, Reich & Company, wholesale fancy goods, at San Francisco, was damaged to the amount of $100,000 by fire last night. The Missouri National bank of Kansa City resumed business yesterday morning having fully recovered from the effects of the senseless panic which caused its suspension two weeks ago. When the case of M. B. Curtis, the actor accused of the murder of Policeman Grant, was called in San Francisco yesterday, Curtis failed to appear. He is out on $50.000 bail and a bench warrant was issued for his arrest. Regret that they had participated in the disgraceful actions in the English house of commons last Thursday night was expressed by all the chief participants in the commons last night and Mr. Gladstone said he hoped the matter would be allowed to drop.

22. August 10, 1893 Iron County Register Ironton, MO
Article from Iron County Register, August 10, 1893

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MISSOURI STATE NEWS. New Postmasters. The following new postmasters of the fourth class have been appointed for Missouri: Cobb, St. Clair. county. Mary S. Fletcher, vice J. H. Fletcher, resigned. Japan. Franklin county. J. M. Renick, vice W. J. Renick. resigned. Akron. Harrison county, D. M. Greenwood, vice F. Poland, resigned. Coopershill. Osage county, J. F. Fleer, vice A. Langenberg, resigned. Pilot Grove. Cooper county, Annie C. Goode, vice Wm. Roberts. resigned. Toronto. Camden county. Lafayette Harrell, vice J. T. McClure. resigned. Belgrade. Washington county, J.T. Terril vice Linn Reffee, resigned. NEW POST OFFICES. Hoelscher. Lincoln county, Christian Hoel scher. postmaster. Ristine. New Madrid county, Chas. P. Cook. postmaster. Mr. Bland in Washington. WASHINGTON. Aug. 5. - Representatives Bland and De Armond. of Missouri. have arrived. Mr. Bland declines to make a statement as to the question whether he will accept the coinage committee chairmanship if it is tendered him. He simply declares he can not decline an honor that has not been tendered him. Mr. Crisp had not informed him what he intended to do, and he had not seen the speaker. WILL CHAMPION FREE COINAGE. Regarding silver. "I stand exactly where I have always stood." Mr. Bland said, for the free and unlimited coinage of the white metal. With such a law in force there would be an end of ills like the present." He is in favor of the repeal of the Sherman law of 1890. and goes further than that. He will favor the repeal of both the Sherman acts. that of 1873 as well as that of 1890. The silverites will take care of what is to take the place of existing lesislation. he says. For one thing he favors the re-enactment of the coinage law of 1837. which gave to the country the "dollar of our daddies:" but he will introduce a free-coinage bill at this session and champion in. whether he is chairman of the coinage committee or not. Resumed Business. The Missouri national bank of Kansas City has resumed business, having fully recovered from the effects of the senseless panie which caused its suspension. The close of the first day's business there was a net gain in deposits over and above all disbursements of $61,329.93. It is evident the failure of the bank was caused solely by the run made upon it by its depositors. An inspector had previously reported the institution solvent. PREPARING TO RESUME. The comptroiler of the currency has been notified that the bank which recently failed at Harrisonville, Mo., is taking steps to resume business. Convicts Escape. Four eonvicts, white men, escaped from the Missouri penitentiary the other day. Frank Emerson. Jackson county. burglary, 20 years: sentenced in 1888. Ed Burgess. Andrew county. burglary and larceny. 15 years; sentenced in 1890. Jas. E. Hudson. Jackson county, burglary, 10 years: sentenced in 1891. Wm. Taylor, Greene county, jail breaking. 2 years. They worked in the hospital as cooks and waiters. and slept in the building. They gained the hospital yard, mounted the wall with a ladder and let themselves down with a rope. A guard was eating lunch near by. What State Treasurer Stephens Says. State Treasurer Lon V. Stephens spent a day at Sedalia recently. During the past month he received anonymous letters criticising his action in accepting $210.000 worth of Equitable Investment Co. bonds from the Pettis County Investment Co. as security for the $100,000 deposit required by law. and his mission to Sedalia was to convince doubting Thomases that he did exactly what was right in the premises. "I endeavor to handle my department of the state business precisely the same as I would if it was my own individual affair." said Mr. Stephen. "and I am prepared to convince anyone that I have simply done my duty in the premises." Pardoned Out of Prison. Gov. Stone has pardoned John Hatfield, of Douglas county, sent to prison in 1892, for two years for grand larceny. Hatfield's offense was nothing more than killing a stray calf which he had posted. After waiting the proper length of time he butchered and sold it. and soon thereafter the owner appeared and demanded ten dollars. Hatfield offered four dollars. the amount for which he had sold it. A quarrel ensued and Hatfield was arrested, indicted an d convicted of larceny. Missouri at the Silver Convention. Gov. Stone appointed the following as delegates to the Chicago silver convention, regardless of polities:

23. September 3, 1893 The Times Richmond, VA
Article from The Times, September 3, 1893

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BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. WASHINGTON, D. C. Sept. 1.Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000; First National Bank, Palouse city, Wash., $75,000: Southern California National Bank, Los Angeles, Cal: $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal., $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo, Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Den ver $500,000; Hutchinson National Bank, Hutchinson, Kan., $100,000; People's National Bank, Denver, Col.,$600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank, Greeley, Col., $50,000; Farmer's National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky., $200,000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000: Waxabachee National Bank, Waxabachee, Tex., $100,000; Citizen's National Bank, Attica, Ind., $50,000; First National Bank, San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners with excellent prospects of early resumption, in addition to the 34 above named which have already resumed business.