9283. Milford State Bank (Milford, MI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 11, 1891
Location
Milford, Michigan (42.594, -83.599)

Metadata

Model
gpt-5-mini
Short Digest
35bd76a7

Response Measures

None

Description

Multiple contemporary dispatches (Sept. 11–12, 1891) report the Milford State Bank 'failed' and 'will go into the hands of a receiver.' A state examiner is reported to have closed the bank Sept. 16 and a receiver was appointed; causes repeatedly cited are unprofitable investments and poorly secured loans (bank-specific adverse information). No article describes a depositor run preceding the failure.

Events (3)

1. September 11, 1891 Receivership
Newspaper Excerpt
The Milford State Bank has failed and will go into the hands of a receiver, who will be appointed in a few days.
Source
newspapers
2. September 16, 1891 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Unprofitable investments and poorly secured loans led to insolvency; capital reported $50,000 (discrepancy in one report).
Newspaper Excerpt
STATE BANK EXAMINER OVERWOOD, of Michigan, closed the Milford state bank September 16 and reported that the bank had failed.
Source
newspapers
3. November 21, 1891 Other
Newspaper Excerpt
The Milford, Mich., State bank was closed Sept. 16, and a statement is now made public that the bank had $140,000 of depositors' money alone, while the assets cannot be made to yield over $15,000.
Source
newspapers

Newspaper Articles (15)

Article from The Dalles Daily Chronicle, September 11, 1891

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Poor Investments Did It. CHICAGO, Sept. 11.-A. Milford, Mich., dispatch says: "The Milford state bank failed. The announcement was unexpected and the statement is authorized that the bank will go into the hands of a receiver, who will be appointed in a few days. The amount of liabilities cannot be learned definitely. Unprofitable investments and poorly secured loans are said to be the cause of the difficulty.


Article from Evening Capital Journal, September 11, 1891

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Fire and Loss of Life. After the Robbers. ALFRED APLIN COMMITTED. Portland Races, Bank Failure, Killed Instantly, Sam'l of Posen Kills a Man, Found Murdered, An Old Lady, Hiccoughed to Death, Committed Suicide, State and Foreign News, Etc. FIRE AND LOSS OF LIFE. ALBANY, N. Y. Sept. 11.-This morning a large factory and carpentershop burned. The walls killed one fieman and injured seyeral others. Loss to building $45,000, insurances obout one half. STEAMSHIP SUNK WITH LOSS OF LIFE. ATHENS, Sept. 11.-A collision has taken place off Cape Colonna between the Italian steamship Taormica and the Greek steamship Thessalia. The Taorinina sank soon after the accident, drowning her captain and several of her crew and forty cabin passengers. The 2nd officer of Taormina and a number of passengers standing on the bridge at the time of the collision occurred were sayed by the boats of the Thessalia. COMMITTED SUICIDE. PHILADELPHIA, Sept. 11,-About 8 o'clock this morning the janitor of the Haehulen buildings discovered the dead body of Chas. M. Stoke Sr.,a well known stock broker lying on the floor of his office. There was a bullet hole through the dead man's head and beside his body lay a revolver with one chamber discharged The case was evidently a suicide Stokes was about 60 years of age and one of the best known stock brokers in this city. He leaves a wife and six children. KILLED INSTANTLY. LEBANON, Pa., Sept. 11.-A Cornwall ore banks yesterday a ca heavily loaded with ore fell from trestle over a ravine among a num ber of men at work below. On man was instantly killed, an Italia fatally injured and several other hurt. BANK FAILURE. CHICAGO, Sept. 11.-Milford, Mich dispatchessay the MilfordState ban has failed. The announcement wa unexpected. A statement is author ized that the bank will go int the hands of a receiver who will b appointed in a few days. The am ount of the liabilities cannot b learned definitely. Unprofitabl investments and poorly secure loans are said to be the cause of th D difficulty. FOULLY MURDERED. d MONTREAL, Sept. 11.-On the a riving of the steamship Fremon the mutilated body of a woman WE found in the hold. There Is no dout the woman was murdered. Th d authorities have takenthecaseinban and notified the English police. I is said she came on board at New castle with a man. HICCOUGHED TO DEATH. BETHLEHEM, Penn., Sept. 11.Cornelius Raegan an iron worke hiccoughed himself to death. H d began hiccoughing six weeks ag and has fasted ever since for relie Attack caused by hernia. SAM'L OF POSEN COMMITS MURDER SAN FRANCISCO, Sept. 11.-Mat rice B. Curtis, "Sam'l of Posen." well known actor. shot and kille Police Officer Alexander Grant, wb had arrested him last night. : tells the following story of the affai "I was at the Grand opera hous y last night with my wife to se Bernhardt: in 'Camille.' I: left th theatre about 10 o'clock to go to th Tivoli theatre with Wm. Kreling ne of the proprietors. We ha to been drinking together and I le n him to return to the opera house for my wife. When I reached the co ner of Third and Mission street was suddenly tumbled into tl e, gutter and after that I rememb nothing only somebody was pullit


Article from The Morning News, September 12, 1891

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A Michigan Bank Fails. MILFORD, MICH., Sept. 11.-The - Milford State Bank has failed and will go into the hands of a receiver. No statement of the affairs can be obtained. The bank's capital was $50,000.


Article from The Roanoke Times, September 12, 1891

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The Failure of a Bank. MILFORD, Mich., Sept. 11-[Special|The Milford State Bank has failed and will go into the hands of a receiver. No statement of the affairs can be obtained. The bank's capital was $5,000.


Article from Daily Tobacco Leaf-Chronicle, September 12, 1891

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Bank Fails. MILFORD, Mich., Sept. 12.-The Milford State bank has failed. The statement is authorized that the bank will go into the hands of a receiver who will be appointed in a few days. The capital stock of the bank is $50,000.


Article from The Morning Call, September 12, 1891

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FAILURE OF A BANK. A Michigan State Bank Ruined by Poor Investments. CHICAGO, Sept. 11.-A Milford (Mich.) dispatch says the Milford State Bank has failed. The announcement was unexpected. The statement is authorized that the bank will go into the hands of a receiver, who will be appointed in a few days. The amount of liabilities cannot be learned definitely. Unprofitable investments and poorly secured loans are said to be the causes of the difficulty. BOSTON, Sept. 11.-W. P. Dame, wholesale paper-dealer, has tailed. Liabilities, $75,000; assets, $45,000.


Article from Los Angeles Herald, September 12, 1891

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WIRE WAIFS. W. P. Dame, a wholesale paper dealer of Boston, has failed. Liabilities, $75,000; assets, $45,000. Nine hundred and thirteen thousand ounces of silver were purchased by the treasury department Friday, at prices ranging from $.9868 to $9880. The Texas rangers are in close pursuit of the Southern Pacific train robbers, and when the two parties meet, there is likely to be a bloody fight. At Albany, N. Y., Friday morning, a large factory and carpenter shop burned. The falling walls killed one fireman and injured several others. Lose, $45,000; insurance, half. At Bethlehem, Pa., Cornelius Paegan, an ironworker, hiccoughed himself to death. He began biccoughing six weeks ago, and had fasted ever since for relief. The attack was caused by hernia. Captain Frederick S. Dodge, a retired army officer, who had been deranged for some years past, committed suicide Thursday night at his residence in Detroit by shooting himself through the head. William H. Colley, aged 19, a colored student at the Harvard medical school, shot and killed himself because his father objected to a young lady he was paying attentions to. Crop reports from correspondents at fifty different points in North Dakota, indicate that the yield of wheat has been underestimated. The yield is unprecedented, and of a high grade. At the Cornwall ore banks, near Lebanon, Pa., a car heavily loaded with ore, fell from a trestle over a ravine. One man was instantly killed, another fatally injured, and several others hurt. Suit has been begun in Chicago by County Attorney Walker against Wm. C. Seipp, county treasurer, and his bondsmen, to recover $30,000 interest which it is alleged Seipp received on moneys of the county during his term of office, and which he did not account for. A Milford, Mich dispatch says: The Milford State bank has failed. The bank will go into the hands of a receiver who will be appointed in a few days. The amount of liabilities cannot be learned definitely. Unprofitable investments and poorly secured loans, caused the difficulty. President Coleman, of the Catholic Knights of America, is at Chattanooga, Tenn., investigating the accounts of M. J. O'Brien, treasurer of the order. O'Brien is out of the city. Thus far it appears that there is a defi it of $30,000, which, in the absence of O'Brien, is unexplained. There is a case of smallpox in the Polish quarter of Detroit, the child of a laborer being ill with the disease. The father threatens to fight if the child is removed to the pest house. If an epidemic should start in the filthy Polish quarter, there is no telling how extensive its ravages would be. Specials from Washington state that Attorney General Miller is to be appointed to one of the circuit court judgeships created by the last congress; that General Lew Wallace is to be made secretary of war: that Noble may be transferred to the department of justice, and General Clarkson appointed secretary of the interior. Another claim has been presented in the court at New York, against the Manhattan Trust company, in connection with the Pacific Short Line railroad, The plaintiff is Samuel T. Davis, of Sioux City, Ia., who claims damages to the extent of $10,000, in connection with the hypothecation of the bonds of the railroad company.


Article from The Salt Lake Herald, September 12, 1891

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Milford, Mich., State Bank Fails. MILFORD, Mich., Sept. 11.-A dispatch says the Milford State bank has failed. The announcement was unexpected. The statement is authorized the bank will go into the hands of a receiver, who will be appointed in a few days. The amount of liabilities cannot be learned definitely. Unprofitable investments and poorly secured loans are said to be the cause of the difficulty.


Article from Rock Island Daily Argus, November 21, 1891

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ABBREVIATED TELEGRAMS. A six-foot vein of coal has been found at Tuscola, III. It is rumored in New York that James Brown Potter has secured a divorce from his wife. Dolphin P. Roberts, of Indiana, has been appointed recorder of the general land office. Leigh Lynch has been commissioned to visit the South Sea islands in the interests of the Columbian exposition. Two boys of 8 and 5 years, respectively, were arrested at Chicago for incendiar. ism. They "wanted to see the engine run" they said, Brooklyn, Powesheik county, Wis., claims to have a haunted house. Two nonbelievers have recently been forced to move out of it. William A. Kiel, wanted in New York for forgery, has been caught in Boston. When arrested he shot himself in the head, but will recover. Senator. Elect Gilbert A. Deane, of Columbia county, N. Y., is dead. Mr. Deane was a Republican, and was elected by less than 100 majority. A telegram from St. Paul says that the sensational story that three children had been devoured by wolves near that city is false in every particular. John Harrison, a farmer 73 years old, of Lyons, Ills, is supposed to have commit. ted suicide by drowning. His body was found in a pond on his farm. Congressman Roger Q. Mills claims that he has ninety-four of the 118 votes necessary to make him the next speaker of the house of representatives. R S. Bingham, a Methodist minister of West Virginia, shot and killed Frank Queensbury in a quarrel over some hens. The minister gave himself up, and claims self defense. The Milford, Mich., State bank was closed Sept. 16, and a statement is now made public that the bank had $140,000 of depositors' money alone, while the assets cannot be made to yield over $15,000. Mr. Sell, the London advertising agent, has applied for space at the World's fair to exhibit specimens of all the leading newspapers of the world which have been printed during the last two centuries. Commander-in-chief Palmer, of the G. A. R., in general orders urges that the cases of suspended members in arrears be examined by post committee, and when worthy be remitted, all save the per capita tax.


Article from Barton County Democrat, November 26, 1891

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and sentenced to be hanged the first 1892 December u! Thespey W. H. BROTHERTON, the man who attempted to trundle a wheelbarrow from San Francisco to Chicago on a wager, died at La Junta, Col., of mountain fever. IN a collision in the Bosphorus recently the British steamer Edlethorpe was sunk and four men lost. The Russian embassy's steam launch rescued all the officers. THE authorities of Helsingfors, capital of Finland, are taking stringent measures to suppress the Salvation army, which has invaded the province Russia JO THE coroner's jury which has been investigating the case of Rev. Samuel G. Cotton, who was charged with having caused the death of a boy named Brown, an inmate of the Carogh orphanage in Kildare, Ireland, returned a verdict declaring that the boy's death was caused by ill-treatment at the hands of Cotton and expressed their regret that they could not include Mrs. Cotton in their findings. THE last annual report of Secretary of War Proctor is made public. He praises Indian soldiers and makes many recommendations of interest to the army. DUN & Co. 's weekly review of trade reports prices settling downward under enormous production, but the volume of business huge and the outlook in all sections good. CLEARING house returns for the week ended November 19 showed an average decrease of 12.2 compared with the corresponding week of last year. In New York the decrease was 17.0. THE mining congress voted 481 to 8 in favor of free silver coinage and also called for an investigation of alleged violations of the law by secretaries of the treasury. THE central famine committee, under the presidency of the czarewitch, will receive an imperial loan of 50,000,000 roubles without interest, to be applied to the purpose of relief in the Russian stricken districts. the JO PALLER Grand Army of the Republic, in a general order urges that the cases of suspended members in arrears be examined by post commanders, and when worthy, arrears be remitted. THE statement is made that no foreign cardinals will be appointed at the consistory on December 14. The pope was said to be desirous of keeping the college thoroughly Italian. THE breeders of all kinds of live stock have formed a national live stock association. THE troubles in the coal district of the Pas de Calais, France, are assuming a threatening phase and it is feared that serious disturbances may occur. The miners are very bitter toward the men who continue to work. STATE BANK EXAMINER OVERWOOD, of Michigan, closed the Milford state bank September 16 and reported that the bank had failed. The investigation just completed shows less than 000'04'$ pus assets 000'91$ W. H. FRISSEL, wife murderer, was executed at Abilene, Tex. HARRY H. HUTCHINSON, a Canadian arrested in Chicago, had 110 half pound trunk. packages of smuggled opium in his THE Paris Gaulois says that negotiations have been almost concluded by which the Bank of France will provide the Russian government with silver bullion to the amount of 150,000,000 07 contury that enable 04 SB os roubles resume payments in specie. ON the London stock exchange a report was current that the Russian government had bought up several million pounds of the Paris loan. The report was generally credited. FIRE destroyed about twenty buildB indiction "BI Coee u! 1 loss of $60,000. The heaviest losers were G. W. Fletcher & Co., lumber dealers, whose loss was $20,000. THE contract labor inspectors at the New York barge office have discovered five Russian men and one woman who have come here under contract to work in mines at Tyrone, Pa. THE Minnesota lumber season is over and the cut for the year reaches 447,"26 pus Feet 252 812 697,600 lath. This beats all records TVNOILIDAV SECRETARY FOSTER is confined to his bed by an attack of the grippe resulting from a bad cold which he contracted while in New York. THE steamer Samuel Mather, from Duluth to Buffalo, with 58,000 bushels of wheat, collided with the steamer Brazil near Sault Ste. Marie. The Mather's crew was rescued by the Brazil. The Mather was worth $100,000. THE United States steamer Bennington arrived at Hampton Roads with her starboard engine disabled. GEORGE BUTLER, who was secretary to Anson Burlingame while the latter was American minister to Pekin, and who was afterward agent of the American firm of Russell & Co., has died in a Hong Kong hospital. THE four men buried by a cave in of a water conduit in Brooklyn were dead beyond doubt. REV. EZRA MARSH BOBING, one of the oldest Methodist ministers in the west, hanged himself in Evanston, IIL He was insane from age and sickness. THE miners employed at the mines of Lord Rosslyn, in Scotland, have struck · Arp B shilling B JO advance us JOJ 73 THE football match at Spring field, score B чти 1ale 4q UOM STM Mass. "0 Harrach of 01 JO II of THE Russian ukase prohibiting the export of wheat went into effect on the 23d. All Russian breadstuffs are


Article from The Sunday Morning News, December 27, 1891

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


Article from Daily Kennebec Journal, December 31, 1891

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leaving an indebtedness 17. A London bank lost £11,590 over the counter by sneak thieves. 23. A shooting affair between two Columbus (O.) editors resulted in the killing of one of the principals and also a bystander. MARCH. 9. Cloak factory at Jamaica, L. 1., burned by riotous strikers 10. David H. Poston. a rival lawyer, shot by H. Clay King in Memphis. APRIL 28. The late president of the Ninth National bank of New York a defaulter to the amount of $450,000. MAY. 10. An express car on the Santa Fe railroad in Oklahoma robbed by masked men. JULY. 8. Defaulting City Treasurer John Bardsley. of Philadelphia, sentenced to 15 years in the penitentiary and to pay a fineof $237,530. 19. A diamond importer of New York robbed of $10,000 worth of jewels. 24. 3 people killed and others injured by a negro murderer named Craig. who broke jail at Cynthiana. Ky.: he was finally killed. AUGUST 1. Fight with revolvers between LN. Baker. Col. Ingersoll's secretary. and Orville Anderson. & New York lawyer. at Croton Landing. N. Y.: Baker was wounded four times. 8. Daylight robbery of the Exchange bank at Columbus Grove. O.; the cashier and 2 others shot and the thief killed. 10. A train gang at New Haven attacked by Italians laborers to avenge an accident in which Italians were the victims. SEPTEMBER. 2. Southern Pacific train held up by masked men near Samuels. Tex. OCTOBER. 9. Robbers raided the National bank of Enterprise, Or., in broad light. 23. Discovery of defalcation of $190,000 of Teller E. F. Garcia, of the Louisiana National bank, in New Orleans. 25. Incendiaries burned 9 trestles on the Georgia Central railroad NOVEMBER 15. Suicide of a Salvation Army murderess in Omaha. 29. Rev. Dr. John Hall, Presbyterian clergy. man. of New York, assailed by a maniac, who fired three shots at him. 30. $75,000 stolen from an express train near St. Louis. DECEMBER 4. Russell Sage, banker, attacked by a maniac, who wrecked the office with dynamite: the maniac and I other killed. but Mr Sage escaped with slight injuries. 12. Brutal murder of Mrs. A. H. Bruce Mrs. L D. Hatch and child. and young Frank Packwood at New Smyrna, Fla. UPS AND DOWNS OF BUSINESS. JANUARY. 5. Failure of Dueber Watch company, Can ton. O.: liabilities. $450,000. 14. Failure of O'Donnell. Spencer & Co., lumber dealers at Saginaw, Mich.: $100,000. 30. Failure of the American National bank of Kansas City for $300,000. FEBRUARY. 18. Suspension of the American Loan and Trust company of New York: deficit of $656,000. MARCH. 20. Suspension of the Keystone National bank of Philadelphia. Failure of the banking house of Theodore Schwartz & Co. at Louisville: liabilities, $750,000. B. Suspension of the Washington National bank in New York city: shortage. $148,000. MAY. 4. Failure of J. H. Lippincott, of the American Graphophone company and North American Phonograph company. for $100.000. 8. Suspension of the Spring Garden bank and the Penn Trust and Safe Deposit company in Philadelphia. 12. Failure of Levy Bros. & Co., clothing manufacturers, in New York, for nearly $1,000,000. 19. Failure of Satterlee, Bostwick & Martin. insurance brokers, in New York, for over $100,000. 20. Assignment of the Davis Shoe company at Richmond, Va.: liabilities, $3,000,000. 25. Failure of Potter, White & Bayley, shoe manufacturers, in Boston, for $1,000,000. JUNE 4. Assignment of the Connell-Hall-McLester company. dry goods house, in Nashville: liabilities, $464,000. 12. Failure of the London and Liverpool Cloth. ing company and Mack Co. in New York: liabilities over $250,000. 22. Failure of Sax Bros., bankers, in Nashville, for $600,000. 25. Assignment of the wholesale shoe firm of Emile Marqueze & Co., in Boston: liabilities, $460,000. JULY. 11. Failure of Hard Bros. & Co., spring bed makers. in Oneida. N. Y., for $125,000. 13. Failure of R. M. Bingham & Co., wagon makers, in Rome, N. for $225,000. 20. Suspension of the Merchants' National bank of Fort Worth, Tex.: liabilities, $500,000. AUGUST. 2. Assignment of Abraham Backer. commission merchant and note broker, in New York: liabilities. $4,000,000. 8. Assignment of the Masonic Savings bank in Louisville, owing $1,000,000. 19. appointed for the American Wheel company. of Chicago, which has plants in six different states: liabilities. $1,800,000. 21. Seizure of the assetso the Mexican Northern railway in New York on a claim for $109,000. 22. Failure of S. V. White & Co., grain speculators of New York and Chicago, for nearly $3,000,000. OCTOBER. 19. Assignment of Jonathan Stewart. of Trenton: liabilities, $329,000. 22. Assignment of the Bank of Lewisburg, Tenn. NOVEMBER. 1. Failure of Maverick National bank in Boston: liabilities, $8,000,000. 7. Supension of National bank of Corry. Pa.: liabilities, $740,000. 10. Assignment of C. B. Paul, Louisville, lumber dealer, for $200,000. 12. Assignment of H. B. Smith & Co., New York ship brokers, for $300,000. 13. Failure of Louis Adler, New York cloak manufacturer, for $150,000. S. N. Stroube, California horse breeder, failed for $150,000. 15. Failure of Bonner & Bonner, bankers, for $560,000, in Tyler. Tex. 20. Shortage of $133,000 causes closing of Milford (Mich.)bank. 25. Failure of First National bank. Wilmington. N.C. 27. Assignment of New York banking firm of Fleld. Lindley. Wiechers & Co., with liabilities of over $1,000,000. DECEMBER 1. Receiver appointed for Richmond. Nicholasville and Beattyville railroad, Kentucky: debt. $3,000,000. 11. $250,000 assignment by Francis H. Baker Co., dry goods dealers of New York. DAME NATURE'S TANTRUG


Article from Deseret Evening News, January 2, 1892

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


Article from Grand Rapids Herald, March 9, 1892

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receipt stove, leaving the child scleep. She then went to the kitchen, where she buils & fire. and upon returning she feaud her taby boy wrapped in Names on the Boor of the atting-room. He had evidently opened the stove door, when the flames shot out and caught bis nightdress. Death ensued shortly after. Reports are now for the Michigan fruit belt state has never shown a better prospect for a full crop of peaches and apples, etc., than the season so far. All trees are loaded to the fullest capacity. If no more cold weather, the fruit growers will harvest the largest crop of fruit than over before for years. Sunday was a red letter day for the Corunna M. E. church. The society has just expended $1300 in refitting the church with new chairs, carpets. paper. etc. The Rev. Washington Gardner preached the reopening sermion to a crowded house, raised the money for all the repaire, and had some left over. Sage & Co., of West Boy City, paid taxes to the amount of $3200 last Saturday under protest. Monday night they demanded the return of the sum, and being refused by the common council. will begin suit against the city to recover the amount. The Wheeler & Co. shipyard strike at Bay City still continues. No concessions have been made by the company. and not a man of the 300 has returned to work. About twenty have left the city, having secured employment elsewhere. Daniel Heffron is in Chicago and has telegraphed his tra in la to Manistique friends with the information that he will not return to Michigan until his case has been carried to the supreme court and a decision rendered in his favor. During the absence of the family Charles Abraham's house at Shelby was considerably damaged by fire. The kitchen and dining room were burned out and furniture and silverware was destroyed. Harmon Edington of Milan, drew his pension money, about $40. and went to bed at a hotel in Ypsilanti. When morning came his money was gone. Henry Boedestine is under arrest for the theft. On Monday next the village of Milford will decide by vote who is to stand the loss of $1,333 in village funds which were dropped at the time of the failure of the Milford bank. Sidney Corbett's Daily Critic has suspended publication owing as be says to the action of the printers' union in throwing out plates. The weekly edition will continue. The third cottage in connection with the Kalamazoo insane asylum is being built on the Hinds farm. It will accommodate seventy-five persons when completed. Charles Tinny, an apprentice in the hardware store of J. A. Child at Sunfield, has fallen heir to a good-sized legacy left him by an aged ancestor. A Gladwin youngster named John Flood killed a full grown bear and three coons and captured three cubs, all in one day. He 18 a teaser. Col. C. v. R. Pond has gone to Washington to secure quarters for the department of Michigan G. A. R. at the encampment in October. There are 400 inmates in the Wayne county poor house. These paupers must not be confounded with Ward McAllister's 400. John Coryell, an Ingham township schoolboy aged 22, has been held for trial for criminally assaulting a schoolgirl aged 14. A Jackson Chinese laundryman is named Ab There, and that is exactly what the boys say when they lose their checks. A Greenville VOUNK lady, who has quite a number of photographs of former admirers, calls them her souvenir spoons. The Ann Arbor and Ypmlanti street railway line began operations again hetween the two cities yesterday morning. The Calhoun County Teachers' associstion will hold a public meeting in College hall, Albion, on Saturday next. Sixteen violators of the game law will have to answer in Saginaw courts for fishing in the Shrawassee river. Daniel Enright of Detroit has been appointed to a permanent clerkship in the office of the secretary of state. Bert Standish, 20 years old, died at Kalamazoo Monday of consumption, induced by cigarette smoking. A Grand Traverse fisherman says he caught 400 perch in one day without change of bait. He is a liar. The republican village ticket at 'St. Joseph was elected Monday by majorities ranging from 33 to 107. Ground has been broken for Lansing's new government building. It will be completed this year. Miss Ins Peahody of North Star, thirty-three inches inches in hight and 44 years of age, is dead. Free mail delivery 18 expected at Coldwater. April 1, and the houses are being renumbered. Graduates of the Cadillae high school will hereafter be admitted to the university on diploma. A People's party paper is soon to be launched on the turbulent journalistic sea at Saginaw. A muskrat was killed on Main street, near one of the botels in Kalamazoo, the other day. Oscar H. Johnson, a sewing machine man of Charlotte, 18 charged with embezziement. The Eaton Rapids fair will be held September 21-23. C. F. Fairfield is the secretary. Battle Creek wants to introduce manual training into the public schools.


Article from The Times, February 2, 1894

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STATE BANKING LAW. It Is Fully Sustained by the Supreme Court. LANSING, Jan. 27.-In a unanimous opinion written by Justice Montgomery, the supreme court Friday affirmed the constitutionality of the general banking law of the state. The case was that of Edward J. Bissell. receiver of the Milford State bank, which failed in September, 1891, vs. Francis Heath, one of the stockholders of that institution. The constitutionality of the banking law was attacked on the following grounds: First, that the title is double; second, it attempts to confer upon the receiver the judicial power to adjudicate claims to be paid in the course of liquidation; third, that as applied to the present case, it impairs the obligations of contracts made by shareholders before its passage. by imposing a liability not before that time existing. The court considered all these objections at length. All were overruled, and the constitutionality of the law fully sustained.