Globe Savings Bank (Chicago, IL)

Episode Information

Episode UID
1653721391122
Episode Type
Run → Suspension → Closure
Bank Type
savings
Bank ID
165372139 hash
Start Date
June 5, 1893
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d5f996f0711dbf19

Response Measures

None

Description

1893 run tied to wider Chicago bank panic; 1897 suspension led to receivership and indictments.

Events (3)
1. June 5, 1893 Run
Cause
Local Banks
Cause Details
Runs across Chicago savings banks after failure of H. Schaffner & Co. and circulation of malicious rumors by Board of Trade men.
Measures
Posted notice invoking the legal thirty- and sixty-day limit on withdrawals (time rule).
Newspaper Excerpt
a run was begun on the Globe Savings bank, and the bank immediately posted notice that its legal thirty and sixty-day limit would be the rule.
Source
newspapers
2. April 5, 1897 Receivership
Newspaper Excerpt
Chicago Title and Trust company were appointed receiver/assignee for the Globe Savings Bank of Chicago.
Source
newspapers
3. April 5, 1897 Suspension
Cause
Bank Specific Adverse Info
Cause Details
State auditor ordered 50% assessment on capital stock; poor response by stockholders, alleged bad management and later indictments; a run after assessment notices hastened collapse.
Newspaper Excerpt
The Globe Savings bank did not open its doors this morning. Later, the Chicago Title and Trust company were appointed receivers.
Source
newspapers

Newspaper Articles (24)
1. June 6, 1893 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, June 6, 1893

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WILD PANIC ALL DAY, But Only One Failure, Private Bankers, Reported. Rumor had hardly started a story of one bank than the "dame" looked around for another victim. In this way there was a big run on the Bank of Commerce, but every comer was paid in full. President Felsenthal said the bank would pay every demand made upon it and that nobody would be asked to wait a moment for his money. The Prairie State National bank, corner Washington and Desplaines, was called on for a large amount of deposits in the savings department and paid on demand. The officers said they had been preparing for just this sort of thing. A run on the Illinois Trust and Savings bank was met by the announcement that it would keep open till 10 p. m. as long as the run lasted. There are $10,000,000 deposits in the savings department of this bank, and seven men were paying depositors. Working twelve hours a day it would take seven men 100 days to pay out the $10,000,000. There was no run on the deposit accounts. A run was begun on the Globe Savings bank at 2 p. m., and the bank immediately posted notice that its legal thirty and sixty-day limit would be the rule. At 9 p. m. there were 500 persons in line before the paying teller of the Illinois Trust and Savings bank, and the officials announced that they would continue paying until all had their money. At midnight there were 200 and the bank con-

2. June 6, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, June 6, 1893

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Article Text

RUNS ON CHICAGO BANKS. Every One of the Savings Banks Crowded with Depositors. DEMANDS MET PROMPTLY. Malicious Rumors Started by Several Board of Trade Men. These Stories, Which Were Very Sensational, Aggravated the Situation Very Much as They Involved Every Bank in the City. CHICAGO, June 5.-The failure of HerMann Schafiner & Co.'s bank, which occurred last week, bore fruit today in well defined runs, which were precipitated on almost If not every one of the savings banks of Chicago. The first to feel the effect of the excitement was the Bank of Commerce, where a great many Jewish citizens of the poorer class keep their accounts. The Schaffner failure had alarmed them, and they bore down upon the Bank of Commerce. At the opening hour the tellors were doubled up and paid checks as fast as presented throughout the day, officials of the bank expressing no alarm whatever, and saying that they were able to meet any demands. The Illinois Trust and Savings bank which has a larger line of this class of deposits than any other bank in this city, amounting at times to over $12,000,000, pution an extra force of tellers and paid every one as fast as possible. At 3 o'clock this afternoon they posted a nothe front door that the bank until 10 would tice on remain open o'clock excite- tonight and so long as the present ment continues. At midnight the Illinois Trust and bank was still paying off, and the of Savings crowd depositors anxious to draw their money was still. as large as ever. The bank officials were rather pleased than otherwise to pay out money, as it means a great saving to the institution in interest. So far the net profit is 35,000. At this hour it was announced that the bank would not close as long as a single depositor cared to draw out a dollar. The paying of money is being continued at seven windows. President Mitchell said: "We will stay right here for three months and not close our doors night or day, if such proWe ceeding should become necessary, are good for any run, no matter how long it keeps up." At 1:30 this Tuesday morning, the Illinois Trust and Savings bank is still open, the force of paying tellers at the seven windows having been relieved by fresh men and enough people are still waiting for their money to keep the bank open two hours more. The Hibernian bank which its name implies, was the depositor for a large number of Irish Americans of small means was crowded all day, but found no difficulty in meeting all demands. The Dime savings bank took advantage of the rule requiring, if necessary, sixty days notice of withdrawal, and paid only a percentage of deposits today. The Globe savings bank applied the thirty day rule. The Milwaukee Avenue savings bank sustained a moderate run throughout the day and they, too, kept an open house until 9 o'clock tonight. Equally spirited checking was noted upon the Prairie State National and the Prairie State savings, as well as upon the Union Trust company and Avenue Savings bank, but in no case was any alarm at felt by well informed people. In fact, many of these institutions large depositors came in during the afternoon and made heavy deposits. Today the situation was greatly aggravated by a number of board of trade brokers, who for reasons of their own, devoted themselves to the circulation of sensational rumors in which they involved at one time or another nearly every bank in this city and a large number of stock yard operotors. Notwithstanding these malicious efforts, no fear is felt as to the safety of any of the banking institutions of the city. The failure of Meadow-Croft Brothers, a minor inwith total perhaps stitution little deposits interest. of, $200,000, aroused or no

3. June 7, 1893 The Times Richmond, VA
Article from The Times, June 7, 1893

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CONFIDENCE RESTORED. The Run on the Chicago Banks on the Wane Other Failures Reported. CHICAGO; ILL., June 6.-This afternoon the crowds surrounding the different banks have diminished, and a measure of confidence seems to have been restored to the savings depositors. Nobody has attempted to assign any reason for the runs other than distrust. More Banks Under Fire. CHICAGO, June 6.-A run began to-day upon the Globe Savings Bank, which has

4. April 5, 1897 El Paso Daily Herald El Paso, TX
Article from El Paso Daily Herald, April 5, 1897

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Savings Bank Fails. CHICAGO, April 5.-The Globe Savings bank did not open its doors this morning. Later, the Chicago Title and Trust company were appointed receivers. The capital stock of the bank is $200,000. A few days agothe assessment of 50 per cent on thecapital stock was made, and the supposed tardy response on the part of stock holders is the cause of the collapse.

5. April 5, 1897 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, April 5, 1897

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Bank Failure. CHICAGO, April 5.-The Globe Savings Bank did not open its doors this morning. Later the Chicago Title and Trust Company was appointed receiver. The capital stock of the bank is $200,000. A few davs ago an assessment of fifty per cent. of its capital stock was made and it was supposed the tardy response on the part of stockholders is the cause of the collapse.

6. April 6, 1897 The Times Richmond, VA
Article from The Times, April 6, 1897

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Globe Savings Bank Fails. CHICAGO, April 5.-The Globe Savings Banks did not open its doors this morning. The Chicago Title and Trust Company was appointed receiver. The capital stock of the bank is $200,000. A few days ago an assessment of fifty per cent. of its capital stock was made, and it was supposed the tardy response on the part of stockholders is the cause of the collapse.

7. April 10, 1897 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, April 10, 1897

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SPALDING CAN'T MEDDLE. Chicago, April 9.-Acting on the suggestion of the trustees of the University of Illinois, Receiver Leman, of the Globe Savings bank, which closed its doors last Monday, has begun a suit for injunction in the circuit court to restrain President Spalding from taking anything out of

8. April 10, 1897 Chicago Eagle Chicago, IL
Article from Chicago Eagle, April 10, 1897

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GLOBE SAVINGS BANK CLOSES. Chicago Concern Is Forced to Give Up the Struggle for Existence. The Globe Savings Bank of Chicago suspended Monday morning. A notice on the doors announced that the bank was in the hands of the Chicago Title and Trust Company, assignee. It has been known in Chicago financial circles for some time past that the bank was having anything but smooth sailing. It was organized Dec. 24, 1890, and has therefore experienced but two good years in its existence. John P. Altgeld was its first vice-president at that time, but he resigned. For the last five years it has had a decidedly hard time, passing through two panies safely by availing itself of the time clause in the payment of savings accounts, which formed the bulk of the deposits. The bank has a capital stock of $200,000, which is held in the ratio of three-fifths in the West and the balance in the East. Under the laws of the State the stockholders are liable for an additional amount equal to the face value of the stock held in their names. This practically makes a guarantee fund of $400,000, provided it can be collected from the stockholders. The State Auditor at a recent examination of the bank's affairs ordered an assessment of 50 per cent on the stockholders, in order to raise a surplus, and notices of this assessment were sent out on the 18th of March. This becoming known, a run was started and the end hastened. The last statement to the Auditor showed $313,000 savings and $142,000 individual deposits. The suspension created no sensation, but there were a few angry depositors around the bank, who had made deposits just before noon on Saturday.

9. April 13, 1897 Willmar Tribune Willmar, MN
Article from Willmar Tribune, April 13, 1897

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Chicago Bank Fails. Chicago, April 6.-The Globe savings bank, organized in 1891, with eastern capital, assigned to the Chicago Title & Trust company, with liabilities of $600,000 and assets estimated at $640,COO.

10. April 14, 1897 The True Northerner Paw Paw, MI
Article from The True Northerner, April 14, 1897

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Chicago Bank Fails. Chicago, April 6.-The Globe savings bank, organized in 1891, with eastern capital, assigned to the Chicago Title & Trust company, with liabilities of $600,000 and assets estimated at $640,COO.

11. April 15, 1897 Crawford Avalanche Grayling, MI
Article from Crawford Avalanche, April 15, 1897

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GLOBE SAVINGS BANK CLOSES. Chicago Concern Is Forced to Give Up the Struggle for Existence. The Globe Savings Bank of Chicago suspended Monday morning. A notice on the doors announced that the bank was In the hands of the Chicago Title and Trust Company, assignee. It has been known in Chicago financial circles for some time past that the bank was having anything but smooth sailing. It was organized Dec. 24, 1890, and has therefore experienced but two good years in its existence. John P. Altgeld was its first vice-president at that time, but he resigned. For the last five years it has had a decidedly hard time, passing through two panies safely by availing itself of the time clause in the payment of savings accounts, which formed the bulk of the deposits. The bank has a capital stock of $200,000, which is held in the ratio of three-fifths in the West and the balance in the East. Under the laws of the State the stockholders are liable for an additional amount equal to the face value of the stock held in their names. This practically makes a guarantee fund of $400,000, provided it can be collected from the stockholders. The State Auditor at a recent examination of the bank's affairs ordered an assessment of 50 per cent on the stockholders, in order to raise a surplus, and notices of this assessment were sent out on the 18th of March. This becoming known, a run was started and the end hastened. The last statement to the Auditor showed $313,000 savings and $142,000 individual deposits. The suspension created no sensation, but there were a few angry depositors around the bank, who had made deposits just before noon on Saturday.

12. April 15, 1897 The Republican Journal Belfast, ME
Article from The Republican Journal, April 15, 1897

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New England will lose quite heavily by the suspended Globe Savings Bank of Chicago. Hon. Parker Spofford of Bucksport holds 15 shares. The bank did a profitable business at first, but has been wrecked by bad management, or worse, and its officers are under arrest.

13. April 17, 1897 Chicago Eagle Chicago, IL
Article from Chicago Eagle, April 17, 1897

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GLOBE SAVINGS BANK CLOSES. Chicago Concern Is Forced to Give Up the Struggle for Existence. The Globe Savings Bank of Chicago suspended Monday morning. A notice on the doors announced that the bank was in the hands of the Chicago Title and Trust Company, assignee. It has been known in Chicago financial circles for some time past that the bank was having anything but smooth sailing. It was organized Dec. 24, 1890, and has therefore experienced but two good years in its existence. John P. Altgeld was its first vice-president at that time, but be resigned. For the last five years it has had a decidedly hard time, passing through two panies safely by availing itself of the time clause in the payment of savings accounts. which formed the bulk of the deposits. The bank has a capital stock of $200,000. which is held in the ratio of three-fifths in the West and the balance in the East. Under the laws of the State the stockholders are liable for an additional amount equal to the face value of the stock held in their names. This practically makes a guarantee fund of $400,000, provided it can be collected from the stockholders. The State Auditor at a recent examination of the bank's affairs ordered an assessment of 50 per cent on the stockholders, in order to raise a surplus, and notices of this assessment were sent out on the 18th of March. This becoming known. a run was started and the end hastened. The last statement to the Auditor showed $312,000 savings and $142,000 individual deposits. The suspension created no sensation, but there were a few Engry depositors around the bank. who had made deposits just before noon on Saturday.

14. April 22, 1897 Eagle River Review Eagle River, WI
Article from Eagle River Review, April 22, 1897

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GLOBE SAVINGS BANK CLOSES. Chicago Concern Is Forced to Give Up the Struggle for Existence. The Globe Savings Bank of Chicago suspended Monday morning. A notice on the doors announced that the bank was in the hands of the Chicago Title and Trust Company, assignee. It has been known In Chicago financial circles for some time past that the bank was having anything but smooth sailing. It was organized Dec. 24, 1890, and has therefore experienced but two good years in its existence. John P. Altgeld was its first vice-president at that time, but he resigned. For the last five years it has had a decidedly hard time, passing through two panics safely by availing itself of the time clause in the payment of savings accounts, which formed the bulk of the deposits. The bank has a capital stock of $200,000, which is held in the ratio of three-fifths in the West and the balance in the East. Under the laws of the State the stockholders are liable for an additional amount equal to the face value of the stock held in their names. This practically makes a guarantee fund of $400,000, provided it can be collected from the stockholders. The State Auditor at a recent examination of the bank's affairs ordered an assessment of 50 per cent on the stockholders, in order to raise a surplus, and notices of this assessment were sent out on the 18th of March. This becoming known, a run was started and the end hastened. The last statement to the Auditor showed $313,000 savings and $142,000 individual deposits. The suspension created no sensation, but there were a few angry depositors around the bank, who had made deposits just before noon on Saturday.

15. April 30, 1897 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, April 30, 1897

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SPALDING IS ARRAIGNED And on the Same Day His New Hampshire Bank Breaks. Chicago, April 29.-President Charles W. Spalding of the defunct Gloge Savings bank, who has been in jail since last Saturday, in default of bail, was arraigned this afternoon to answer to charges of embezzlement. He waived examination and was held to the criminal court. Cashier Churchill and Vice President Averill also appeared on the same charge, and their cases were continued. Nashua, N. H., April 29. -The New Hampshire Banking company suspended this afternoon. Solomon Spaldinfg. father of Charles W. Spalding, of the broken Globe Savings bank of Chicago, is president of the institution. The bank is a guarantee bank, with a guarantee fund of $125,000. and had a a surplus and interest account of $74,000 at its last report, April 1. The account due depositors of April 1. was $849,352. the bank being the second largest in the city. Courts and Crops in Payne County. Stillwater, O. T., April 29.-Chief Jus. tice Dale will close his last term of court in Payne county this week. Thed ocket was small and will have consumed only about two weeks when the term is clos. ed. Crops of all kinds are fine. Wheat is heading out and corn and cotton aore large enough to cultivate.

16. May 1, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, May 1, 1897

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Spalding's Typewriter Owns Up. CHICAGO, April 30-Miss Sarah Louise Ervin, private secretary of President Spalding, of the defunct Globe Savings bank, testified before the senatorial investigating committee today that SpaidIng had given her about $75,000, with the understanding that he would secure a diVorce and marry her. NASHUA, N. H., April 30.-The New Hampshire Banking Company suspended yesterday. Solomon Spaldings, father of Charles W. Spalding, of the broken Globe Savings bank of Chicago, is president.

17. May 6, 1897 Warren Sheaf Warren, MN
Article from Warren Sheaf, May 6, 1897

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from Swansa for Marseilles, was given up as lost with 30 of her crew. A dispatch from Athens saye that King George has signed a decree wi Turkdrawing the exequaturs of all the ish consuls in Greece. The queen regent of Spain has signed decree providing for the application a of the agreed upon reforms for the island of Cuba. Advices received in London say that Greece is disposed to recall her forces LATER. For the murder of an old man, a child and a and the of two near Houston, girls woman, assaulting Tex., by mob six were taken a They were and young hanged. negroes taken captured were by bloodhounds and when smeared with blood, and when confronted with the evidence admitted their guilt. The anti-Sunday base ball law was defeated in the Iowa legislature the 30th. The Michigan legislature the 30th passed a law prohibiting reproduction of prize fights by binetoscopes, etc. Nearly $4,000,000 in gold coin and bullion was withdrawn from the U. treasury the 30th for export. Gin Pong. a brutal Chinaman, was hanged at Spokane, Wash.. the 30th, for the murder of Lee Tung several months ago. Ed Rafferty was shot to death while burglarizing the store of C. W. Yetter at West Branch, Io. The battle of Velestino raged fiercely all day the 30th. The Greeks have been reinforced, the reinforcements arat a critical stage of riving Gen. Smolenski telegraphs the that Phar- fight. the will be unable to capture because the Greek is salos. Turks position Greek strong and the morals of the troops is completely restored. The United States consul at GuadaWest Indies, has telegraphed the department under dalope, state follows: date of April from Point Apitro as "Severe earthquake, loss heavy, many injuries. Fire the 30th destroyed several business houses at Cartersville, Ill., causing a loss of $75,000. Several persons were injured. The grand jury at Chicago, the 1st, indictments ag management of the returned with the inst five defunct men Globe Savings bank. The men indicted are Charles W. Spaulding, presdent of the bank, and ex-treasurer of of vice president of the Averill. state university Illinois; the bank; W. A. D. B. Charles E. Churchill, cashier; Ervin, assistant cashier, and Allison There W. Harlan, one of the directors. are 29 indictments in all. John Gibsen, colored, was hanged at Jackson, Miss., the 1st, for the murder of Robert Stinson, six years ago. The most destructive fire that has visited Pittsburg, Pa., since 1845 broke fire out about midnight, the 2d. The rapidly and soon had consumed several spread large blocks with a total loss of $2,000,000. During the month of April the U. mints coined $10,410,080. Of this amount sil$8,800,400 was in gold, $1,525,000 in ver and $74,680 in minor coins. It was announced, the 2d, that the would not allow the levying of indemnity powers upon Greece and both Aus- intria and Germany were trying to duce Turkey to modify its demands. The journeymen plumbers' association of Chicago, 1,600 strong, decided the 2d to strike. Ex-Congressman John J. Perry died at his home in Portland, Me., the 2d, aged 86 years. The Wisconsin Beet Sugar Co., which has just commenced a plant at Minomonee Falls, Wis., has assigned. The Tennessee centennial exposition the formally opened at Nashville was President McKinley, in Washington, 1st. pressed the button that started the machinery. Fire at Detroit, Mich., the 1st, destroyed a two-story building occupied a store and dwelling. Lizzie Sinig, as ged 20, and her brother Anthony, aged 5, were caught in a back room to without egress and were burned death. August Norman, assaulted the Lari- wife Knudt Hillstead, living near of more, N. D., and because she resisted, cut the throats of fcur of her children, killing two of them. He finally accomplished his purpose, and stealing horse escaped. Mr. Hillstead was absent at the time. The king of Italy has conferred upon Hon. William Potter, minister to Italy of under President Harrison, the order Sante Maurizion and Lazarro, and through Baron Fava, the Italian am-

18. May 7, 1897 Kansas Agitator Garnett, Greeley, Topeka, KS
Article from Kansas Agitator, May 7, 1897

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GOLDBUG GOOD TIMES. The Globe savings bank of Chicago has assigned. Stealings by "honest" money advocates, about $1,000,000.

19. May 8, 1897 Morning Appeal Carson City, NV
Article from Morning Appeal, May 8, 1897

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Jim Corbett is quoted as follows in New York: "Mr. Muldoon has had something to say about that sixth round. It appears that James Colville of Boston, who was my timekeeper when I met Fitzsimmons, says that the Australian was down more than 10 seconds, and that he could have protested the timing right there, in which case I would have won the fight; but he was so sure that I would win, anyhow, that he let the opportunity slip The Bulletin prints a picture of Miss S. Louisa Ervin and calls her the woman whose smile wrecked the Globe Savings Bank of Chicago. If such a smile as that can wreck a Savings Bank the sooner a man gets his deposite out of the bank the better. We think the bank must have been a little shakey before it run up against Miss Ervin. The Enterprise says two Comstockers went on went on a prospecting trip and drove 1,200 miles at the rate of 45 miles a day. It is probable that a livery sheriff or constable was urging them to create distance. Bodie Index. Durrant has now taken to writing poetry, and it would seem about time to spring the trap.

20. May 13, 1897 The Silver Star Dolores, CO
Article from The Silver Star, May 13, 1897

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TELEGRAPHIC BREVITIES. The public debt. less cash In the treasury. Is now $008,244,132 A strike of 10,000 miners Is threatened at Birmingham. Alabama. Four millions of gold were shipped from New York to Europe on the 1st. steals in the Kentucky penitentiary com are Big being Investigated by a legislative mittee. Doe. late assistant secretary of of war. bold was J. B. removed by Lamont because peculations. Zertucha. Maceo's betrayer. is Spanish under arrest Dr. and will be deported to a penal colony. McLeal and Tom L. Johnson are can- for didates for J.R. the Democratic nomination governor of Ohio. Thoman L. and Fred A. Lucas have lands se. cured $35,000 from loans on Actitious from Indiana investors. Wisconsin Beet Sugar Company. $215,- of Menominee The Falls, has failed. Assets, 000; liabilities unknown. The Central Washington railroad. be run- sold northwest from Spokane. will to ning satisfy mortgages of $2,686,000 negroes were lynched at Sunny. neSix Texas. young the other day by whites and groes, side. for murdering three negroes. dispatch from Athens says that the ter- 600 A and children died during rible women retreat from Tynavo to Larissa. A serious riot of coolles is reported from vesShaughal. Marines from foreign war it. sels were called upon to help suppress Geographical confirming the report celved The Italian news Society has of the remassacre of the Bottego expedition. Minister Dupuy de Lome has received confirming an dispatch from Madrid the official the press cable that the Queen applied reforms to Cuba. Mormon elders who were recently whipped Alreligious partisans near Montgomery. abama, by have been placed under protection of the sheriff by the governor. All the conductors, engineers. brakemen Readswitchmen on the Philadelphia & been ing and and New England Railroad have notified of a 10 per cent. reduction in wages. A universal postage stamp. not good return for domestic postage, and a universal the stamped envelope. will be considered Washing by postal congress now in session at ton. Twenty nine indictments have been returned against five officers and directors of the defunct Globe Savings Bank of Chicago, further. and a special grand jury will Investigate The regents have tendered Harry L. Hutchins, dean of the law department. the presidency of the Michigan University dur- as ing the period of Dr. Angell's absence minister to Turkey. Ex-Senator F. T. Dubois has been elected president of the Fayette (Idaho) Construc- 108 Company. organized to construct Seven miles tion of railroad from Fayette to the Devils copper mining region. In thirty days Oshkosh, Wisconsin. will fac operation the first grass twine the world. It will employ 300 will make binding twine have and tory in in from before. marsh hands grass. something never attempted the total mints was United During States April .colnage $10,410,580. gold. at $1,535. the of this amount $8.800,400 was in or 000 in silver and $74,680 in minor coins. dollars. the silver coinage $1,400,000 was In standard A fast to a finish is the latest thing proposed in the sporting line. H. 1. Kramer. of Indiana. has Issued a challenge backing the celebrated faster. Dr. H. S. Tanner. test. against all comers for $10,000 in a finish conMrs. Fellx R. Brunot. a wealthy Pittsburg has notified the Board of Foreign woman, Missions of the Protestant Episcopal Church a that she will build and endow for them hospital for lepers In any part of China hal. which they might select. She favors Shang The local branches of a Boston loan and trust company has received notice from its be head office that hereafter loans may taken on first-class property in northeastern first Kansas. This is said to be one of the orders of the kind affecting Kansas propin years. erty that had been given by a loan company General Wheaton. in command of with the military. Department of the Colorado. headquarters at Denver. will be placed on in retired list May 8. and General Otis, to of the Department of The command the succeed the him. Colum- Co. colonel in the for bla. senior will be assigned Department department of the Jumbia will command that the time being. A new steamship line is to be established be San Francisco and the San Francisco known between as monthly Japan. & Yokohama to serv Transportation Company. A two is to be established between these steamice via Honolulu. Five first-class points will be operated and probably a branch ers will be maintained between Yokohama and line Seattle and Portland. The first steam- left of the new line, the Hakusan Maru. San er Yokohama April 3. and is nearly due at The new company whi be op. Francisco. erated in opposition to the existing lines across the Pacific. The band of Mexican brigands who murdered and robbed Edward Callaghan and J. Klein a few days ago have committed load. another E. daring robbery. A mule train ed with valuable merchandise was on eight its to Ameca from Guadalajara when The way the outlaws made an attack on It. of muleteers and armed guards were securely into bound and the bandits drove the mules The mountains with the merchandise. the are greatly aroused over these authorities robberies and murders. and a large force the of and rural guards is scouring country troops for the bandits. They will be shot as soon as captured. A sale of Standard OII stocks was made at Is New York on the 30th at 300. which price the the highest ever paid for the sharen of and represents a rise of something company. forty points within the last few months. a Standard like OII stock, which now rules at higher figure than any of the other no-called 12 shares. yields In regular dividends nf. trust cent. annually. but within the last per teen months upwards of 40 per cent. has through the medium of extra div. this fact, together Idends, been paid. and with rumors meetthe effect that at the fortheoming Ing to of the directors an extra dividend of at

21. May 13, 1897 The Caucasian Raleigh, Goldsboro, Clinton, NC
Article from The Caucasian, May 13, 1897

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The Globe savings bank of Chicago has assigned. Stealings by "honest" money advocates, about $1,000,000. The City national bank of Gatesville, Tex., has suspended. Stealings by "bonest" money advocates, about $200,000.

22. May 14, 1897 Little Falls Weekly Transcript Little Falls, MN
Article from Little Falls Weekly Transcript, May 14, 1897

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Not only are the officers of the suspended Globe Savings bank being punished in Chicago, but the grand jury has indicted a bank examiner for failing to report the condition of the bank.

23. October 6, 1901 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, October 6, 1901

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Foreclosure Suit Filed. The Chicago Title & Trust company, receiver of the Globe Savings bank, yesterday filed suit in the district court against Rodney L. St. George to foreclose a mortgage upon sixteen lots in Grand View subdivision.

24. May 18, 1903 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, May 18, 1903

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JUDGE TULEY ALLOWS DIVIDEND ON CLAIMS Chicago, May 18.-An order was entered in Judge Tuley's court today authorizing the Chicago Title & Trust company, as receiver for the Globe Savings bank, to pay a dividend of 10 per cent on all claims filed and allowed.