9681. National Citizens Bank (Mankato, MN)

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 4727
Charter Number: 4727
Start Date: August 4, 1893
Location: Mankato, Minnesota (44.164, -93.999)

Metadata

Model: gpt-5-mini
Short Digest: cb9682b9

Response Measures

None

Description

Three Mankato national banks (First National, National Citizens, Mankato National) suspended Aug 4, 1893 due to stringency in the money market and withdrawals following other bank failures/suspensions. All three were examined and authorized to reopen by Comptroller Eckels; National Citizens resumed Sept 7, 1893. No discrete misinformation-triggered run is described — suspensions were precautionary and due to broader monetary stringency and local bank failures.

Events (3)

1. April 19, 1892 Chartered

Source: historical_nic

2. August 4, 1893 Suspension

Cause: Macro News
Cause Details: Suspended because of general stringency in the money market and the suspension/closing of the First National bank in Mankato (news of other bank failures and withdrawals precipitated the action).
Newspaper Excerpt: At 1:30 o'clock the National Citizens' bank closed its doors and hung out the following resolution ... 'Owing to the suspension of the First National bank of this city and the present stringency in the money market, it is resolved to suspend payment until the present excitement subsides.'
Source: newspapers

3. September 7, 1893 Reopening

Newspaper Excerpt: The National Citizens' Bank ... will resume business on Thursday, September 7th, after a suspension of 34 days.
Source: newspapers

Newspaper Articles (17)

1. August 5, 1893 The Times Richmond, VA

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worst, as the people are greatly excited over this failure. LEBANON, PA., Argust 4.-The Lebanon Trust and Safe Deposit Bank falled to open its doors this morning. The announcement made was: "This bank is closed by order of the directors." The bank is a State institution, with a capital of $50,000. ST. PAUL, MINN., August 4.-The People's Saving Bank, one of the small concerns of this city, closed its doors at noon to-day. WASHINGTON, D. C., August 4.Treasury officials are advised that the National German-American Bank, of.St. Paul, Minn., capital $2,000,000; the First National Bank, of Hammond, Ind., capital $50,000, and the Citizens' National Bank, of Muncie, Ind., capital $200,000, closed their doors to business this morning. Bank Examiner Cannon, on orders from Washington, closed the Texas National Bank, of San Antonio, Texas, today. Comptroller Eckels has authorized the Farmers' National Bank, of Henrietta, Texas, to resume business. NEW YORK, August 4.-Messrs. Parrott Bros., members of the Cotton Exchange, have announced their inability to meet their engagements. NEW YORK, August 4.-N. L. Corte & Co., importers of tin, tin-plate and other metals, made an assignment to-day. The liabilities are about $350,000; the assets are large, but the actual amount cannot be given. S. Jacoby & Co., cigar manufacture:s, failed to-day. The liabilities are $150,000, with large assets. ST. PAUL, MINN., August 4.-The temporary suspension of the German American National Bank last night, although not unexpected in banking circles, was a great surprise to the general community. So confident are the people of the strength of the remaining banks that, although some depositors are quietly withdrawing mont from a few banks, there is no particular excitement or general run on any of the banks. The savings banks for several days have been enforcing the sixty day rule, although most of them have abundant resources for any emergency. The failure of the Seven Corners' Bank on Tuesday attracted little attention, as it had been known to be weak for months. Some of the banks had helped at times, but felt at the present time a disinclination to continue their help, which seemed only to postpone the failure that finally came. But the closing of the German-American Bank last night was of a different character. It and its predecessors have been in the city as institutions for years, the first organization having been effected in 1856, and all subsequent changes strengthening and enlarging the bank, which now has $4,000,000 of good commercial paper, its banking house and property besides, worth at least $200,000. and other assets, which will make $400,000 more, or a total of $5,000,000. The People's Bank, of a capacity of $200,000. suspended, but no figures have as yet been given out concerning it. The failure is not considered an important one. DENVER, COL., August 4.-Charles B. Mason has been appointed receiver of the Equitable Accident Insurance Company. The outstanding risks amount to $6,000,000, and have been reinsured with the Union Casualty Company, which, it is claimed, will fully protect them. MANKATO, MINN., August 4.-At noon to-day the First National Bank closed its doors. At 1:30 P. M. the National Citizens' Bank did the same, and fifteen minutes later the Mankato National Bank followed suit. All three banks are solvent. and the suspensions are expected to be temporary only.

2. August 5, 1893 Richmond Dispatch Richmond, VA

Article from Richmond Dispatch, August 5, 1893

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Short-Metre Telegrams. A royal decree was read in the Spanish Cortes yesterday adjourning the session. S. Jacoby & Co., cigar manufacturers. New York, failed yesterday. Liabilities. $150,000; assets, large. The Lebanon (Pa.) Trust and Safe Deposit Bank. a state in titution, failed to open itsdoors yesterday morning. The Peoples' Savings Bank. St. Paul, Minn., one of the small concerns of the city, closed its doors at noon yesterday. C.P. Barrett was arrested by United States Marshal Kirby at Spartanburg, S. C., yesterday for tampering with the mails. Messrs. Parrott Brothers. members of the New York Cotton Exchange, have announced taeir inability to meet engagements. The Scranton (Pa.) Lace-Manufacturing Company has temporarily suspended work in all departments except the finishing one. The Rome (Italy) Tribuna states that between Thursday noon and yesterday noon 20 new cases of cholera and 14 deaths were reported to the authorities in Naples. Florida has been ousted from the Horticultural Building at the Chicago Exposition, the State Commiesioners having shown no disposition to maintain a creditable exhibit. The Georgia Central railroad cut down the shop force at Macon yesterday, discharging 100 men. and a general reduction of 40 per cent. throughout the system is looked for. N. L. Corte & Co., importers of tin, tin-plate. and other metals, New York, made an assignment yesterday. Liabilities, about $350.000; assets, large, but the actual amount cannot be given. The Federal Department of Justice has ordered an appeal from the decision of Judge Davis in Southern California to the effect that the deporting section of the Geary act is unsonstitutional. The Hamilton-Brown shoe-factory. St. Louis, suspended operations yesterday morning temporarily, owing to the depression in business, and throwing 500 men and 400 women and girls out of employment. The First National Bank, the National Citizens' Bank, and the Mankato National Bank, of Mankato. Minn., closed their doors, but all three of the banks are solvent, and the suspensions are expected to be temporary only. The worsted-goods manufactory of John Bromley & Sons was closed Wednesday night on account of the depressed condition of trade. Last night Doak & Son, worsted manufacturers, were to close their mill for the same reason. James H. Walker & Co., dealers in general dry.goods, Chicago, confessed judgment yesterday on a note for 85,495 in favor of Edward Noah. The firm succeeded to the Chicago businoss of A. T. Stewart & Co., of New York. The preliminary trial of Malcolm Cameron for the murder of R. G. Roudebush was called at Canton, Miss., yesterday, and Cameron, entering a plea of not guilty of the charge, was bailed in $10,000 to appear before the Circuit Court. A meeting of the Dublin section of the Independent Nationalists (Parnellites), held yesterday for the principal purpose of arranging the programme of the coming Parnellite convention, voted against the acceptance of the home. rule bill. The directors of the Coal-Creek Coal Company met in Mobile last night to fill the racancies caused by the death of Gaylord B. Clarke, late vice-president and a director of the company, and Dr. O.L. Crampton, of Mobile, was elected vice-president, and Thomas A. McDonald director. Charles B. Mason has been appointed receiver ot the Equitable Accident Insurance Company Denver, Col. The outstanding risks amount to $6,000,000, and have been reinsured with the Union Casualty Company, which, it is claimed, will rully protect them. In a shooting scrape at Brook Haven, Miss., yesterday afterneon between Thomas F. Deceit and Oscar Stewart the former was shot through both thighs and the latter through the heart, Stewart being killed instantly. The difficulty as about a game of base-bail The grand jury at Memphis, Tenn. yes. terday inducted McLendon, Deputy-Sheriff J. A. Perkins, Jailer Harold, and Police Captains O'llaver and Hackett for falling to do their duty is permitting Lee Walker to be taken from jail and lynched and burned two weeks ago. The Federal treasury officials are advised that the National German-American Bank, of St. Paul, Minn., capital, €2,000,000; the First National Bank, of Hammond, Ind., capital, 850,000, and the Citizens' National Bank. of Munich. Ind., capital, $200,000, closed their doors yesterday morning.

3. August 5, 1893 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, August 5, 1893

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TO SAVE THEMSELVES From Foolish Depositors Mankato Kanks Close. MANKATO, Minn., Aug. 4. -The First National bank closed its doors at noon. The bank is solvent. and depositors will be paid in ful!. At 1:30 o'clock the National Citizens' bank closed its doors and hung out the following resolution, adopted at a meeting of the directors held just previous: "Owing to the suspension of the First National bank of this city and the present stringency in the money market, it is resolved to suspend payment until the present excitement subsides." Fifteen minutes later the Mankato National bank closed its doors and exhibited the following statement: "Owing to the closing of the First National and National Citizens' bank. of this city. this bank is temporarily closed. The bank is perfectly solvent and all depositors are safe." The National Citizens' bank has $90,000 in cash on hand, and the Mankato National has $55,000. The capital of the First National bank is $150,000, and J. A. Willard is president. The capital stock of the National Citizens' is $100,000. John F. Meagher is president. The Mankato National bank has $100,000 capital and J. H. Ray is president. The only other bank in the city is a savings bank, recently organized. PLATTEVILLE, Wis., Aug. 4.-"Owing to heavy and continual withdrawals, this bank is obliged to suspend payment. All depositors will be paid in full." This is the notice placed on the doors of the First National bank, in this city, as it closed this morning at 10 o'clock. The directors expect to resume payment in a very short time.

4. August 5, 1893 New-York Tribune New York, NY

Article from New-York Tribune, August 5, 1893

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MORE BANKS SUSPEND. THE MONETARY STRINGENCY WORKING DISASTERS IN MANY STATES. Providence, R. I., Aug. 4.-The State Bank of this city was unable to meet its balance at the Providence Clearing House to-day and closed its doors. It is not a National bank, and It has a paid-up capital of $77,000. The suspension is probably only temporary and is due to the stringency of the money market and the withdrawal of deposits. The bank was one of the oldest of the State banks, and was instituted in 1850. It has not been regarded as sound. The report of the State Auditor in November, 1892, shows 1ts deposits to be $238,000. The officials say this afternoon that the bank will undoubtedly go into liquidation. It has many time-loans out. Lebanon, Penn., Aug. 4.-The Lebanon Trust and Safe Deposit Bank failed to open its doors this morning. This announcement was made: "This bank closed by order of the directors." The bank is a State institution with a capital of $50,000. The inability to collect outstanding accounts, the general tightness of the money market and personal litigation of the president, Robert H. Coleman, locking up its securities and enjoining It from disposing of them, have compelled this step. Muncie, Ind., Aug. 4.-The Citizens' National Bank, one of the oldest and soundest banks in this city, suspended business this morning. Withdrawals of deposits and inability to realize on paper are the causes. President Kerwood says that the assets are as two to one. Three other banks in this city are preparing for the worst, as the people are greatly excited over the failure. San Antonio, Tex., Aug. 4.-The Texas National Bank failed to open its doors this morning, and is now in the hands of a United States bank examiner. It is the smållest bank in the city; capital stock $100,000. The liabilities are small. The last statement shows only $76,000 deposits. The closing caused no excitement, and no runs on other banks. Colby, Wis., Aug. 4.-The Exchange Bank of Colby closed its doors this morning. The bank had a capital of $50,000, and owes depositors about $30,000. Baraboo, Wis., Aug. 4.-The Baraboo Savings Bank made an assignment here yesterday. R. B. Gripp was appointed assignee. Mankato, Minn., Aug. 4.-The First National Bank closed its doors at noon. The bank is solvent and depositors will be paid in full. At 1 :30 o'clock the National Citizens' Bank closed Its doors and hung out the following resolutions adopted at a meeting of the directors, held just previously "Owing to the suspension of the First National Bank of this city and present stringency in the money market, it is resolved to suspend payment until the present excitement subsides." Fifteen minutes later the Mankato National Bank closed its doors and exhibited the following statement: "Owing to the closing of the First National and National Citizens' banks. of this city, this bank is temporarily closed. The bank is perfectly solvent and all depositors are safe." The National Citizens' Bank has $90,000 in cash and the Mankato National has $55,000. The capital of the First National Bank is $150,000, and J. A. Willard is president. The capital stock of the National Citizens' is $100,000, John F. Meagher, president. The Mankato National Bank has $100,000, and John H. Ray is president. The only other bank in the city is.a savings bank, and was Trecently organized.

5. August 6, 1893 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, August 6, 1893

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THE MANKATO BANKS. They Will Probably Open Up Very Soon. Special to the Globe. MANKATO, Minn., Aug. -The closing of three banks in this city has been the sole topic of conversation today. Everything is quiet, and anxious ones are awaiting developments. John F. Meagher, president of the National Citizens' bank, has received the following telegram from Comptroller Eckels: Washington, D. C., Aug. 5.-To J. F. Meagher, President of the National Citizens' Bank: Your telegram received, and I have instructed E. C. Springer, of St. Paul, to go to Mankato and take charge of the suspended banks. Later I will send him further assistance. I have instructed him to render every assistance looking towards speedy resumption of the banks of your city, and to retain in his employ all necessary help from the various banks. I shall expect the bank officials to aid him in every manner. JAMES H. ECKELS, Comptroller. Marston, Larson & Davis, bankers at Lake Crystal, closed their doors this morning, but are solvent. The Mapleton and St. James banks both closed today. The Mankato Savings Deposit bank is all right, and will likely continue business as heretofore. WASHINGTON, Aug. 5. - E.C. Stringer, of St. Paul, was yesterday appointed to assume charge of the suspended national banks at Mankato. Comptroller Eckets has also notified the banks that he expects them to resume in the near future. He says they are solvent and intimates that their suspension was unnecessary.

6. August 7, 1893 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, August 7, 1893

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times. " The Richmond Savings Bank. A Richmond, Me., despatch to the Boston Herald says: For several days there has been a quiet run on the Richmond savings bank in this village by depositors, when, not being able to realize on its securities, the bank stopped payment and closed its doors. The appointment of a receiver will be asked for. The bank had a similar trouble about a year ago. Reported Saturday. James McLay, Jr., carriage dealer, New Haven, Conn., has made a voluntary assignment. The New Bedford, Mass., Safe Deposit and Trust Company, which is neither a national nor a savings bank, has closed its doors. It was incorporated in 1888 with a capital stock of $200,000 The depositors will be paid dollar for dollar. Manager Charles P. Berry of the Portsmouth Shoe Company, states that he will not run his factory more than three days a week during the present condition of the money market. He employs 100 hands. The Southern Pacific Company, in pursuing a policy of retrenchment, has discharged 1000 employes decreasing its monthly pay roll at the rate of $900,000 annually. At a meeting of the New Bedford, Mass., Clearing House Association held Friday it was voted that the mills having accounts with the national banks be notified that no assurance can be given that money can be furnished for pay rolls beyond the week ending August 12. The W.H. .Livingston Company, retail dealers in dry goods, Sioux City, Ia., went into the hands of a receiver there Saturday. The company has liabilities of $45,000 and assets of $60,000. The Eureka Silk Company, Canton, Mass., are running their mills only three days a week during the present business depression. About 500 employes are affected by the partial shut down. The northern division of the Old Colony system of the New York, New Haven and Hartford railroad discharged 150 men on Friday, the most of them being extra freight brakemen and workmen on two gravel or work trains which are to be discontinued. The Fuller & Johnson Farm Implement Manufacturing Company, Madison, Wis., will shut down for an indefinite period. Two hundred men are rendered idle. The first National Bank, the National Citizens' Bank and the Mankato Bank ot Mankato, Minn., closed their doors in succession Saturday. All claim to be solvent.

7. August 11, 1893 The Mankato Free Press Mankato, MN

Article from The Mankato Free Press, August 11, 1893

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of the bank's suspension. Last vening President Meagher sent Mr. Ckels the following telegram: "Owing to the suspension of other here we have deemed it advisato close until the excitement passover, Our liabilities are $400,000, ssets $441,000 bills receivable and 80,000 cash. Perfectly solvent in all espects. We close to protect the inerests of all alike, and now await pleasure and orders." The liabilities above stated include 45,000 of bills payable. This is an xceptionally good showing. The mount of reserve which a country ational bank must carry is fifteen per but this bank has on hand twentwo per cent. The MankatoNational bank is even etter situated, as its cash amounts twenty-six per cent. This is a very ratifying exhibit and shows the solof the bank. To show the immense resisting owers developed by the three banks uring the past two months, it can stated that upwards to $300,000 has withdrawn from the banks since1st by depositors. A large pro ortion of this has been hidden in old tockings all over the county. It is a of strength to meet this draft by rawing in loans and still have greatin excess of the legal requirement money on hand. Many traveling men were greatly iscommoded today by their inability have drafts cashed. It is said that an impression has in some quarters from the noon the bank doors and which published in the papers that the ankato National and National Citibanks had closed because they not get money due from the National bank. The officers of above mentioned banks state such is not the truth. The First ational bank did not owe the said anything. Today's St. Paul Globe says editori"The Mankato banks have set an xample which it might not be amiss follow. They have "held up" a run shutting upshop until the audience off. There is no fear that instiitions headed by such men as John Willard and John F. Meagher are sound, and it is because they proto remain sound that they have illed a halt.' This afternoon Hon. John F. eagher received the following teleWASHINGTON. D. C., Aug. 5. F. MEAGHER, Prest., National Citizens Bank. Your telegram received, and I have structed E. C. Springer, of St. Paul, go to Mankato and take charge of suspended, ba nks. LATER: I will send him further sistance. Have instructed him to ender every assistance looking toard a speedy resumption of the anks of your city, and to retain in employ all necessary help from various banks. I shall expect the officials to aid him in every anner. Jos. H. ECKELS, Comptroller. Previous dispatches had been refrom Mr. Eckels by the Nat'l itizens and the First Nat'l banks, brief instructions as to how to roceed, and saoing that a bank exniner would be sent as soon as posto take charge of the banks. hey were also asked not to make iblic at present any financial stateas to their condition. The suspension of the banks was

8. August 11, 1893 The Mankato Free Press Mankato, MN

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THE BANK SITUATION MONDAY. E. C. Stringer, of St. Paul, who was appointed to examine into the condition of the local national banks, arrived in the city yesterday. Col. C. H. Brush, of Fergus Falls, who was bank examiner under President Harrison but who gave place to another under the present administration, arrived last night to assist Mr. Stringer. The latter is at work in the National Citizens bank and Col. Brush is at work in the First National and Mankato National banks. No figures are to be ascertained at present, nor is anything known definitely as to when the banks will re-open. Perhaps by tomorrow some information may be obtainable. From what can be gleaned on the outside the situation seems to be brightning. A telegram from the Bank ofAmboy contains the information that that bank has not suspended, as was rumored Saturday. This will be pleasing information to all, and proves that the Amboy bank is on a firm foundation. The depositors could not have their money in a safer place. A telegram from C. D. Williams & Co., of Elmore, Minn., states that all checks drawn by the Elmore bank on the First National bank of Mankato will be paid in New York exchange or cash. There was a report on the streets today that one of the St. Peter banks had closed. A dispatch from there this afternoon states that the report is false and that the banks are all right. The bank examiner has ascertained that the assets of the First National bank exceed the liabilities $180,000. This is a splendid showing and if there is anybody who has not had confidence this should certainly restore it. There is no stronger bank anywhere.

9. August 11, 1893 The Mankato Free Press Mankato, MN

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TEMPORARILY SUSPENDED. Friday noon the First National ank closed its doors and hung out he following statement: "Mankato, Aug. 4, 1893. This bank closed on account of the stringency 1 the money market, and the ability to collect what is due it fast hough to meet the demands of deposors. The bank is solvent and deositors will be paid in full." The closing of this bank is undertood to be due to the gradual withrawal of deposits which has been gog on for many weeks, and which asshown by the last bank statement, ublished ten days ago. The suspenon of the National German-A merian Bank at St. Paul had some effect 1 precipitating the suspension of his bank, by creating a general feelng of uneasiness and simply hastened hat the officers of the bank considred to be inevitable. The statement f the bank speaks for itself and eeds no additional words. It cannot e definitely said when this bank will esume business, but it will probably ot be very long. The suspension of the First Nation1 Bank created much surprise, and ome of the more foolish and xcitable of the depositors h the other two national banks tarted to draw out their deposits. 'earing that a run might be started, residents John F. Meagher and J. H. tay held a consultation shortly after oon, and as a result the directors of oth banks were called together to onsider the situation. After careful onsideration it was decided in each nstance that it would be the best olicy to suspend temporarily. Messrs. Ieagher and Rav found but two ourses that could be pursued, one eing to stand the runs and allow the elfish depositors to get the ready cash nd do an injustice to the others, and he second being to temporarily susend until the excitement should ave died away and place all deposit rs on an equality. The latter course ecommended itself to the presidents nd was also adopted by the boards of irectors. At about half past one o'clock he National Citizens bank closed its oors and hung out the following lacard: "Mankato. Aug. 4, 1893. Resolution f Board of Directors of the National itizens bank, adopted Aug. 4, 1893: "Owing to the suspension of the 'irst National bank of this city, and he present stringency of, the money harket, it is resolved to suspend paynent until the present excitement ubsides." At about two o'clock the Mankato National bank closed its doors, and he following statement was posted :d "Mankato Aug. 4, 1893. Owing to he closing of the First National and National Citizens banks of this city, his bank is temporarliy closed. "The bank is perfectly solvent and

10. August 25, 1893 The Mankato Free Press Mankato, MN

Article from The Mankato Free Press, August 25, 1893

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THE BANK SITUATION. The Three National Banks Will Prob= ably Open Sept. 4th. The St. Paul Globe today contained the following dispatch from Washington: WASHINGTON, Aug. 23.-All three of the suspended banks at Mankato will resume this week, probably Fridav morring. Today Comptroller Eckels received a telegram from President John H. Ray, of the Mankato National, saying that his bank was ready to resume, and asking for permission. The comptroller at once wired the other banks that he would like all to open at the same time, and tonight the announcement was made that all will open their doors this week. This reopening at Mankato means more than in most cases, because they will start with round sums of cash in their coffers, and the confidence of the people, who have learned on how solid a basis they stand. A FREE PRESS reporter enquired at the three banks this afternoon as to what was known as to the truth of the dispatch. President Ray, of the Mankato National bank, stated that he had sent the dispatch and that his bank has been in a condition to open for several days, and is now only waiting for the required permission from Washington. Further than this he knew nothing. President Meagher, of the National Citizens bank, stated that he had received nothing from Washington and did not see how the dispatch could be correct. Cashier Clark, of the First National bank, stated that he had received no such information from Washington as the dispatch contained, and he did not think the dispatch was correct. Bank Examiner Brush, who was in the First National bank when the reporter called, stated that he had heard nothing from Controller Eckels, as he would in case the dispatch was correct, and that the dispatch was not true It appears that Presidents Willard, Meagher and Ray met and talked the situation over Monday and that it was thought by all that the banks would be ready to resume by Sept. 1. That day is Friday, however,and it was thought not to be a good time of the week for opening, SO is was agreed that Monday. Sept. 4, would be a good day upon which to ask the controller to allow the banks to reopen. Another meeting will be held Saturday, at which the matter will be fully decided. The depositors have generally been willing to not withdraw their deposits, and if the balance of the certificate holders will come in there is little doubt but that the banks, will open for business a week from Monday. The Peoples bank of St. Paul opened its doors yesterday. The business of the instution wenton as though nothing whatever had occured. Scores of business men, says the Globe, dropped in to congratulate President Rittenhouse upon the reopening, but aside from that everything went on as usual. Not a single timid person drew a dollar from the bank. There was but little taken out of any kind,and that was by those whose actual necessities required them to secure small amounts of cash. At the close of the day the record showed the deposits handsomely in excess of the checks paid. There will be no demand made on the bank beyond that of ordinary business, and the feeling of confidence by the depositors is gratifying in the extreme,

11. August 31, 1893 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, August 31, 1893

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BANKS OPENING. Comptroller Eckels Unlocks the Cash Boxes. WASHINGTON, Aug. 30.-Comptroller Eckels is informed that the court has sustained him in the position he took in the case of the Washington National Bank of Tacoma, Wash. The decision is regarded as important, sustaining the right ot the comptroller of the currency to the sole control under the law of the national banks of the country. The following national banks which recently suspended have been today permitted to open their doors to business: The First National Bank of Dubuque, 10. the First National Bank of Grand Junction, Col. The comptroller of the currency has authorized the following national banks to reopen on Sept. 1: The American National Bauk of Omaha, Neb.; the American National Bank of Nashville. The following national banks in Minnesota have been authorized to reopen for business on Sept. 7: The First National Bank of Mankato, the National Citizens' Bank of Mankato, the Mankato National bank. Comptroller Eckles left this evening for bis home at Ottawa, III., to spend a two weeks' vacation.

12. August 31, 1893 The Sun New York, NY

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National Banks Resume Business. WASHINGTON. Aug. 29.-The following national banks, which recently suspended Dayment. to-day have been permitted to reopen their doors for business. viz.: The German National Bank and the State National Bank of Denver: the First National Bank of Cañon City. Col.: the Louisville City National Bank, Louisville: the Merchants' National Bank of Louisville: the First National Bank of Ashland. Wis., and the First National Bank of Platteville. Wis. Application for authority to organize a national bank was to-day approved by the Comptroller of the Currency for the First National Bank of Woodward. Indian Territory. The Comptroller has authorized the following national banks to reopen on Sept. 1: The American National Bank of Omaha. Neb., and the American National Bank of Nashville, Tenn. The following national banks in Mankato, Minn.. have been authorized to reopen for business on Sept. 7: The First National Bank of Mankato. the National Citizens' Bank of Mankato, and the Mankato National Bank.

13. September 2, 1893 The Van Buren Press Van Buren, AR

Article from The Van Buren Press, September 2, 1893

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The following National banks which recently suspended, was on the 30th permitted to reopen their doors to business: The First National Bank, of Dubuque, Ia. ; the First National Bank, of Grand Junction, Colo. The Comptrolle r of the Currency authorized the following National Banks to reopen on September 1: The American National Bank, of Omaha, and the American National, of Nashville. The following National banks in Minnesota have been authorized to reopen on September 7: The First National, of Mankato, the National Citizens, of Mankato, the Mankato National.

14. September 6, 1893 The Star Reynoldsville, PA

Article from The Star, September 6, 1893

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# BANK RESUMPTIONS. Many Reported From Different Parts of the Country. A telegram from Washington says: The following national banks, which recently suspended payment, have been permitted to reopen their doors for business: The State national bank of Denver, Col.; the Louisville city national bank, of Louisville, Ky.; the Merchants' bank of Louisville; Ky.; the First national bank of Ashland, Wis., and the First national bank of Platteville, Wis.; the German national bank of Denver, Col.; the First national bank of Canon City, Col. At Minneapolis, the Bank of New England, which suspended about a month ago, has resumed business. At San Francisco the People's home savings bank, which closed its doors June 23, opened for business. A statement issued by the national banks of Kansas City shows that since the height of the financial flurry, which was reached on June 19, the deposits have increased $2,000,000. The First national bank of Dubuque, Ia.; the First National bank of Grand Rapids, Col. The American national bank of Omaha, Neb.; the American national bank of Nashville, Tenn. The First national bank of Mankato, the National Citizens' bank of Mankota the Mankato national bank, all of Mankato, Minn.

15. September 7, 1893 Evening Star Washington, DC

Article from Evening Star, September 7, 1893

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Banks Resume Business. The Commercial National Bank of Ogden, Utah, which suspended payment July 10, 1893, having complied with the conditions imposed by the controller of currency, and its capital stock being unimpaired, has been permitted to reopen its doors for busiiness. The following national banks have also resumed business under authority from the controller: The First National Bank of Mankato, Minn.; the National Citizens' Bank of Mankato, Minn., and the Mankato National Bank of Mankato, Minn.

16. September 8, 1893 The Iola Register Iola, KS

Article from The Iola Register, September 8, 1893

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WASHINGTON NOTES. THE following named banks, which recently suspended payment, have been permitted to reopen their doors for business: State national bank, of Vernon, Tex.; First national bank, of San Marcos, Tex.; First national bank, of Lockhart, Tex. A REPORT has gained circulation that the president has recently been operated on for cancer, but his friends say there is not a word of truth in it. THE senate has confirmed E. G. Spillman, West Virginia, register of the land office at Kingfisher, Ok. A fight was made against him because he was not a resident of Oklahoma, but he won. THE following national banks which recently suspended payment have been permitted to reopen their doors for busIness: German national bank, of Denver, Col.; State national bank. Denver; First national bank, of Canon City, Col.. Louisville City National bank, of Louisville; Merchants national bank, of Louisville: the First national bank, of Ashland, Wis. IT is feared that the delay of the president in appointing strip land office officials may interfere seriously with opening on time. THE foundation for the many rumors regarding the health of the president is found in the fact which has been made public that on July 1 he had an operation performed for the removal of a growth inside his left jaw, a portion of the bone being cut away. THE civil service commission has submitted to congress a deficiency estimate of $42,000 for clerk hire. THE following banks in Minnesota have been authorized to reopen on September 7: The National, of Mankato; the National Citizens' bank, of Mankato. THE government won in its escheat case against Mormons in Utah. About $500,000 was involved. COMMISSIONER LOCHREN, of the pension bureau, has issued an order modifying a previous one. Hereafter pensioners will not be suspended previous to investigation. THE patent commissioner has refused to issue to Gov. Tillman, of South Carolina, a trade mark register for the dispensary liquors of that state, consisting of the word "Palmetto" and the arms of the state. THE government gold purchases at the Denver mint for July and August are $5,000 larger than ever known in the same time. THE administration is working with the senate the same as it did with the house. The passage of an unconditional repeal bill by it is said to be assured. HEARINGS will be given by the committee on ways and means to persons interested in the preparation of a tariff bill, beginning September 4and closing on the 20th. COMPTROLLER ECKELS has left Washington for his home at Ottawa, Ill., to spend a two weeks' vacation. THE president returned to Washington on the 1st and convened a meeting of the cabinet. THE public debt statement showed an increase during the month of August of $10,442,898. INSPECTOR FAISON has submitted to Hoke Smith a report of the agreement entered into with the Choctaw nation whereby two of the convicts are to be executed and the others allowed to plead guilty of manslaughter. THE senate has confirmed a large number of nominations, among them those of Charles Schaefer, of Kansas, consul at Vera Cruz, and F. G. Spillman, register of the land office at Kingfisher, Ok. DR. BRYANT says President Cleveland's health was never better than now.

17. September 8, 1893 The Mankato Free Press Mankato, MN

Article from The Mankato Free Press, September 8, 1893

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THE BANKS TURNED OVER At 3 o'clock Wednesday afternoon Bank examiner Brush turned the three National banks over to their officers and took off his combination up on the vaults. Col. C. H. Brush left Thursday for St. Paul. During the month that he has been in the city he has made many friends, who will be glad to see him again, but not on the same errand that brought him this time. He said to a FREE PRESS reporter this afternoon: "I will turn over the three national banks this afternoon and evening to their proper management. All three banks will resume business Thursday morning at nine o'clock;and I am glad to say that they are strong and all right, and in every way worthy of the confidence of the people. I know of no community that has safer or better banking facilities. The National Citizens Bank has issued the following circular to its patrons: MANKATO, MINN., Sept. 5, 1893. To OUR PATRON'S AND CORRESPONDENTS: This bank will resume business on Thursday, September 7th, after a suspension of 34 days. We suspended to avoid a run, not because we were insolvent, and will resume with a greater proportion of cash to liabilities than we have ever held. The following letter of the national bank examiner to our New York correspondent should satisfy all persons that this bank is as worthy of the confidence of its patrons and the public as at any time since its organization: MANKATO, MINN., Sept. 5, 1893. Importers and Traders National Bank, New York. GENTLEMEN:-Tomorrow I shall turn over my present trust to The Na= tional Citizens' Bank, of Mankato, Minnesota, to its proper officers. "Said bank will resume business on September 7th, as strong and in every way reliable as at any time since its organization. "The unnatural craze of some of its depositors that seemed to render it prudent to suspend business for a time, was of their own creation, and was wholly unwarranted. The bank at all times has been solvent and in good condition. Very respectfully, C. H. BRUSH, U.S. Examiner in Charge." Our affairs are in fine shape an we are prepared to serve our customers and the public with first-class bankin facilities. Thanking our patrons for their business, and soliciting a continuance of the pleasant relations which have existed between us, we are, Faithfully yours, NATIONAL CITIZENS BANK.