First National Bank (Santa Ana, CA)

Episode Information

Episode UID
352001122
Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
35200 national
Charter Number
3520
Start Date
June 22, 1893
Location
Santa Ana, California (33.736, -117.883)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fa66c41529f999e0

Response Measures

Public signal of financial health, Full suspension, Books examined

Description

Comptroller ordered examiners to take charge; bank reopened after complying with requirements.

Events (6)

1. June 15, 1886 Chartered
Source
historical_nic
2. June 22, 1893 Run
Cause
Macro News
Cause Details
Heavy withdrawals driven by the wider monetary stringency/panic on the Pacific coast; crowds and runs reported.
Measures
Posted notice of temporary closing; directors closed doors to protect depositors and allow collections.
Newspaper Excerpt
did not open their doors this morning owing to heavy withdrawals and inability to collect fast enough.
Source
newspapers
3. June 22, 1893 Suspension
Cause
Macro News
Cause Details
Temporary suspension by board due to inability to meet heavy withdrawal demands amid the broader financial stringency.
Newspaper Excerpt
Owing to the heavy withdrawal of deposits and our inability to raise money on our securities, the board of directors of this bank have decided to temporarily close the doors.
Source
newspapers
4. July 22, 1893 Reopening
Newspaper Excerpt
the First of Santa Ana, to reopen for business. These banks have complied with the requirements of the law and are reported by the Bank Examiner in a satisfactory condition with unimpaired capital.
Source
newspapers
5. May 1, 1936 Voluntary Liquidation
Source
historical_nic
6. May 1, 1936 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (24)

Article from The Daily Morning Astorian, June 23, 1893

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BANK FAILURES. The Financial Stringency Causes Various Suspensions. San Francisco, June 22.-At a meeting of the board of directors of the Pacific Bank tonight it was decided not to open the doors tomorrow. The direct cause of the suspension is a notice from the clearing-house association that the bank's paper would not hereafter be accepted. It has been known for some time that the bank was laboring under financial difficulties, and the announcement from the board does not create much surprise. The Pacific Bank was organized in 1863 by R. H. McDonald, and its present manager is R. H. McDonald. It has a paid-up capital stock of $1,000,000. It had a nominalreserve of about $700,000 and deposits of about $1,500,000. The loans are said to be about $2,500,000. The failure seems to be altogether due to the recent monetary troubles, and it is expested that the depositors will lose nothing. It is believed that the closing of the doors of the Pacific Bank will result in the suspension of the Peoples' Home Savings Bank, a collateral institution, and practically under the same management. Santa Ana, Cal., June 22.-The First National bank and the Commercial bank of Santa Ana did not open their doors this morning owing to heavy withdrawals and inability to collect fast enough. Both are solvent and have ample assets. It is understood that both the Orange and Tustin banks have closed for a like reason. It is regarded here as a senseless scare. Pomona, Cal., June 22.-The People's Bank did not open this morning. This notice was posted on the door: "Owing to the existing financial stringency, the board of directors of this bank have decided to temporarily close its doors. Depositors will be paid in full." There is very little excitement. The belief is .general that the bank is perfectly solvent. New Whatcom, June 22.-The First National Bank, the oldest bank in the county, closed its doors today at 12 o'clock. Cashier Atkins states that every depositor will be paid in full. Greenville, Mich., June 22.-The City National Bank has been closed by the bank examiners. No statement has as yet been made. Ridgeway, Pa., June 22.-The Ridgeway Bank has failed. Assets $364,000, liabilities, $216,000.


Article from The Indianapolis Journal, June 23, 1893

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Bank Failures in California. SAN FRANCISCO. June 22.-The Bank of Commerce, of this city, closed its doors this morning. A notice on the door stated that the bank was temporarily closed. Dopositors will be paid in full. The First National Bank and the Commercial Bank of Santa Ana did not open their doors this morning owing to heavy withdrawals of deposits and inability to collect fast enough. Both are declared to be solvent, have ample assets and can in time pay in full. The People's Bank, of Pomona, this morning posted this notice on its door: "Owing to the existing financial stringency the board of directors of this bank have decided to temporarily close its doors. Depositors will be paid in full." At Los Angeles to-day everything was quiet and peaceful in banking circles. There is but a slight run on the LosAngeles National Bank. The line of depositors was greater than that of the withdrawers. It was quiet at all the other banks.


Article from The Herald, June 23, 1893

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SANTA ANA. Several Banks Suspended-Local News Happenings. SANTA ANA, June 22.-The money panic which has been playing such sad havoc in this part of the state struck Orange county yesterday. when the Bank of Anaheim closed its doors. This morning no unusual crowds were on the street, and when at 10 o'clock, the time for opening the banks, Wm. Spurgeon, president of the First National bank, appeared and posted a note on the entrance saying the bank had closed, everyone nearly thought the bank officials had acted wisely. The Commercial bank did the same thing, and soon word reached this city that the Bank of Orange had not opened its doors. The Bank of Tustin did business all day and experienced no heavy run. The savings bank of this city is open and requiring the legal notice from depositore, with no unusual number of drawers. The reasons given by the various banks are the heavy withdrawal of money by depositors and the inability to get money in. Assurance is given all that every dollar due depositors will be paid, and of this fact none have any doubt. There is no good reason for any scare in this county, and there was none. The streete of the city have been quiet all day and a general feeling of security is expressed by all. Crops of all kinds being good, with fair prices and an abundance of money, there is no sound cause for the panic now prevailing, and after the storm has cleared away timid depositors will be wondering why they caused such a commotion and will see how groundless were their fears. NOTES. The schooners Monterey, Peerless, Newark and La Kene are at Newport unloading lumber. The Kansas people had a spendid picnic at Newport today. A large number were present. Lottie, the 4-year-old daughter of Mr. and Mrs. J. S. Roberts, died in this city last night. The infant daughter of Mr. and Mrs. J. H. Bennett died this morning of diphtheria. Nothing but banks and banking is the talk on our streets today. Mr. and Mrs. U. P. Jones have gone to Bakersfield for a short visit. The chamber of commerce held a meeting last night, but little of importance being transacted.


Article from The Morning Call, June 23, 1893

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National Bank and Commercial Bank of Santa Ana did not open their doors this morning owing to heavy withdrawals of deposits and inability to collect fast enough. Both are solvent, have ample assets and can in time pay in full. It is understood that both the Orange and Tustin banks have closed for the like reason. It is a senseless scare and will pass over in a few days. The savings bank of this city is open and paying small depositors, and while the withdrawals are large, nothing like a run is reported. On the deors of each of the closed banks IS a notice which gives to the reader the information that the banks have temporarily closed, owing to the heavy withdrawals of depositors and their inability 10 meet the demands. Assurance is given depositors that payment in full will be made. The depositors are all satisfied and no uneasiness is felt. Crops are abundant, prices are fair, and everything in the county is prosperous.


Article from St. Paul Daily Globe, June 23, 1893

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THE FAILURE CROP. A Large Coffee House in New York Suspends. NEW YORK, June 22.-The failure of Henry Sheldon & Co., tea and coffee dealers at 109 Front street, is announced. The firm is one of the best known coffee houses on the street and have done a large business. They are highly rated in the commercial agencies, and the resources are between $200,000 and $300,000. D. McD. White, of the Consolidated Stock Exchange, has announced his inability to meet contracts. BOSTON, June 22.-Creesy & Noyes, contractors and builders, and Benning C. Noyes & Co., furniture manufacturers, have made an assignment. Mr. Creesy is president of the Little Kanawha Lumber company, which lately went into the hands of a receiver, and the assignment of the two above-mentioned firms is due to their being involved as endorsees on the paper of that company. GREENVILLE, Mich., June 22.-The City National bank, of this city, was closed this morning by order of the bank examiner, Caldwell. No statement of the bank's condition has vet been made public. The cause of the suspension was the steady withdrawal of deposits and the stringency of the money market. RIDGEWAY, Pa., June 22. - The Ridgeway bank, a private institution, has suspended. A gentleman who was in close consultation with the officials of the bank during the night estimates the assets at $364,000, and the liabilities $216,000. This bank has had the confidence of the working people, many of whom have all their means in the bank's care. SANTA ANA, Cal., June 22.-The First National bank and the Commercial Bank of Santa Ana did not open their doors this morning, owing to heavy withdrawis of deposits and inability to collect fast enough. Both are declared to be solvent, have ample assets and can in time pay in full. POMONA, Cal., June 22. -The People's bank did not open this morning. This notice was on the door: "Owing to the existing financial stringency, the board of directors of this bank have decided to temporarily close its doors. Depositors will be paid in full." Los ANGELES, Cal., June 22.-A careful review of the banking situation indicates that the financial atmosphere is clearing. The arrival of a large amount of coin from the North, aggregating $250,000, and the announcement that $500,000 more would arrive today had a reassuring effect. The Farmers and Merchants' bank received $500,000 additional this morning, and opened its doors with over a million of coins in its vaults, more than enough to meet all demands. It is estimated that about $8,000,000 has been withdrawn from the banks during the


Article from The Indianapolis Journal, June 24, 1893

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Other Bank Suspensions. WASHINGTON, NJune 23.-Controller Eckels has been officially informed of the fallure, yesterday, of the following national banks: The First National Bank of Kendallville, Ind.; the First National Bank of Santa Ana. Cal.; the First National Bank of Whatcom, Wash. He has ordered Bank Examiner Cleary to take charge of the Whatcomb Bank, and Bank Examiner Packard to take charge of the Kendallville bank temporarily. He has appointed Robert Wingate receiver of the Merchants' National Bank of Tacoma, Wash. NIAGARA FALLS, N. Y., June 23.-The Cataract Bank, of this city. the largest bank in Niagara county. closed its doors at noon. Its deposits amount to over $700,000. Cashier Rankin says the assets are far in excess of liabilities. The bank people claim to have plenty of securities, but when they tried to get them rediscounted atother banks they were refused. President Porter is confident-that the bank will resume. He does not think a receiver will be necessary. NEW WHATCOM. Wash., June 23.-The First National Bank has closed its doors. The cashier states that depositors will be paid in full.


Article from The Portland Daily Press, June 24, 1893

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THE DAILY LIST. Banks and Business Houses Forced to Suspend-New York Troubles. NEW YORK, June 23.-Sheridan and Byrne, builders, are financially embarrassed. Their liabilities exceed $225,000. Abraham Steers, one of the largest lumber merchants and planing mill men in the city is temporarily embarrassed. being unable to get further accommodations. His creditors today granted an extension. His liabilities are $380,000, assets $475,000. Its Doors Still Closed. SAN FRANCISCO, June 23.-The Pacific National bank did not reopen its doors today. The deposits amount to about $1,500,000. Its loans and discounts are said to be $2,500,000. The embarrassment appears to be entirely due to the recent monetary troubles, and it is expected the depositors will lose nothing. The officers of the bank say they will resume in a short time. It may be that the closing down of the Pacific bank will result in the suspension of the People's Home Savings bank, a collateral institution, under practically the same management. Its total deposits are about $1,700,000. There is no apprehension as to runs on other banks. Cataract Bank Fails. NIAGARA FALLS, June 23.-The Cataract bank of this city the largest bank in Niagara county, closed its doors at noon. There is great excitement among the business men in consequence as over $700,000 of their money was on deposit there. Resources More Than the Liabilities. SAN FRANCISCO, Cal., June 23.-The People's Home Savings bank closed its doors this morning. It affiliated with the Pacific bank which closed its doors yesterday. The resources are said to exceed the liabilities. Depositors Forced the Suspension. MINNEAPOLIS, Minn., June 23.-The state bank of this city suspended payment this morning. Assurance is given that it will resume in a few days. The bank has a paid up capital of $75,000. Steady withdrawals by depositors were the cause of the action. A Week's Disasters. NEW YORK, June 23.-Bradstreet's reports 360 failures in the United States this week, against 159 for the week a year ago. Stood the Run for Five Days. SAN BERNARDO, Cal., June 23.-The First National Bank closed its doors today, after undergoing a run for the past five days. ) Banks Reported as Failed. WASHINGTON, June 23.-Controller Eckels has been officially informed of the failure yesterday of the following national banks: The First national bank of Kendallville, Ind.: the First national bank of Santal Ana, Cal., and the First national bank of Whatcom, Wash.


Article from The Dalles Times-Mountaineer, June 24, 1893

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Two Banks in Santa Ana. SANTA ANA, Cal., June 22-Two banks of this city closed their doors this morning. The following notice was posted on the door of the First National: Owing to the heavy withdrawal of deposits and our inability to raise money on our securities, the board of directors of this bank have decided to temporarily close the doors. The bank has ample as sets, and will pay all depositors in full as soon as collections can be made. A similar notice was posted on the doors of the Commercial bank. Large crowds throng the street in front of the banks, and considerable excitement is manifested.


Article from The Star, June 28, 1893

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LATER NEWS WAIFS. FINANCIAL AND COMMERCIAL Comptroller Eckels has been officially in formed of the failure of the following National banks: The first National Bank of Kendallville, Ind.; the First National Bank of Santa Anna. Cal.; and the First National Bank of Whatcom, Wash. He has ordered Bank Examiner Packard to take charge of of the Kendal'sville bank. At San Francisco the Pacific bank has closed. The Peoples Home Saving bank, under the same management, has also,gone down. At Greenville, Mich., the City National bank has suspended. The Cataract bank, Niagara Falls, N. Y.. the largest bank in Niagara county, closed its doors. The New York clearing-house committee authorized the taking out onFriday of $450,000 in clearing-house certificates. The total now outstanding is $5,350,000. The East Side bank, Los Angeles, Cal., opened its doors again on Saturday morning. This is the first of closed banks to resume. A feeling of confidence has returned. The other banks will open in a day or two except the City bank, which is in the hands of a receiver.


Article from The Star, June 28, 1893

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LATE TELEGRAPHIC JOTTINGS BOTH FROM HOME AND ABROAD. What is Going On the World Over. Important Events Briefly Chronicled. Financial and Commercial. RIDGWAY, PA.-The Ridgway bank. private institution, closed its doors, finiding it impossible to realize on securities. The estimated assets are $534,000, liabilities, $21,000. The City National Bank, Greenville, Mich.. suspended after a run. Deposits. $210,000; assets, $312,000. The Bank of Commerce, San Francisco, suspended yesterday, and the First National bank and Commercial bank of Santa Ana, Cal., did not open. The amount of clearing house certificates issued at New York Thursday was $2,350,000. This brings the total up to $4,900,000 since it was decided to issue the certificates. B. T. Ren & Son, grain dealers, Nashville, Teun., made an assignment Liabilities, $100,000, with about equal assets. Henry Sheldon & Co., tea and coffee dealers, of New York, have failed. Their resources are between $200,000 aud $300,000. BIRMINGHAM, ALA.-An unfounded rumor that the First National Bank has refused to pay a check for $80,000 precipitated a run Thursday morning. The bank paid out about $41,0 0 up to noon, when confidence was restored and the run ceased.


Article from Echo De L'ouest, June 29, 1893

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Faillites da Banques La "City National Bank" de Greenville Mich. 8 suspendu ses paiements. Est fermée également la "Ridgeway Bank" de Ridg way Pa. Passif 236000 doilars. La Todd County Bank de Long Praire Minn a fait faillite. La "St Paul & Minneapolis Trust Co" de Minnespo'is dont l'ex gouverneur A. McGill est président a déposé son bilan. L'inspecteur des banques M. Caldwele a ordonné la fermeture de la "Cty National Bank" de Greenville Mich. Passif encore inconnu. La "Queen City Bank" de Buffulo N. Y. ayant un capital de 600,000 dollars a suspendu ses paiemente. Fredman & Fredman de Chicago ont déposé leur bilan ainsi que Sherman & Byrne de New-York et Creety & Noyes de Boston. L'American Exchange Bank de Minheapolis a fermée BES portes. La "First National Bank" et la Commercial Bank" toutes deux de Santa Anna Cal. n'ont pas ouvert leuis portes samedi dernier. Les portes de la "Peoples Bink" de Pomoma Cal. sont restées her métiquement closes lundi matin. La "Bank of Commerce" de San Diego, Cal. a fait faillite. Il en est de même de la "Loan & Savinga Bank" de Tresno Cal La "State Bank" et la "Bank of New England" de Minneapolis ont suspendu leurs paiemente. MM. B iri et Bradly de Chicago ont fait faillite. Passif 400,000. Tombées également: "The Sabina Bank" of Wilmington, Ohio et la "Bank of Ness City," Kansas. Quand donc la serie sera-t-elle terminée?


Article from The Farmers' Union, June 29, 1893

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BANKS SHORT OF CASH The Siringency on the Pacific Coast Be ing Felt With Full Force. SAN FRANCISCO, Cal., June 26.-The People's Home Savings Bank failed to open its doors yerterday morning. On the door was the following notice: Bank closed temporarily in order to protect depositors and give them time to collect on securities We have sufficient assests. more than our liabilities." Columbus Waterhouse deeded all his property to the People's Home Bank. that they might raise money on it to tide them over the crisis This property is far in excess of all liabilities of the bank. Failure to realize on securities immediately is the cause of the suspension. The directors of the bank have ordered the regular dividend to be paid July 1. The stock dividend will be withheld. SAN BARNARDINO. Cal.. June 24. The First National Bank closed its doors yesterday morning. This notice was posted on the door: "Owing to the stringency of the money market and the unusual withdrawal of deposits during the last five days this bank is forced to close its doors temporarily.' SEATTLE. Wash.. June -The Columbia National Bank of New Whatcom suspended yesterday. NIAGARA FALLS, V. Y., June :4.The Cataract Bank of this city, the largest bank in Niagara county, closed itsdoors yesterday. There is great excitement among business men in consequence. as over $800,000 of their money was on deposit The suspension was totally unexpected and was not preceded by a run on the bank. The bank officers confidently expected to receive help from out of town vister day morning, but the money dil not come. Cashier Rankin says that the assets will be far in excess of the liabilities. The bank people claim to have plenty of securities, but when they tried to get them rediscounted at other banks they were refused. President Porter IS confident the bank will resume and he does not think a receiver will be necessary. WASHINGTON. June ":4.-Comptroller Fekels has been officially informed of the failure of the following national banks: The First National Bank " Kendallville, ind., the First National Bank of Santa Ana. Cal.. the First National Bank of Whateom. Wash He has ordered Bank Examiner Cleary to take charge of the Whateom bank and Bank Examiner Packard to take charge of the Kendallville bank temporarily. CINCINNATI, Ohio. June :4.-Samuel W. Coflin & Son. owners of th Cincin nati Dry Docks Company, assigned yesterday to Val P. Collins and H. D. Peck. Assets and liabilities are esti mated at $50,000 each.


Article from Idaho County Free Press, June 30, 1893

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MONETARY MATTERS. More Suspensions on Account of the General Funncial Stringency. SANTA ANA, Cal., June 22. .-The First national bank and the Commercial bank of Santa Ana did not open their doors this morning, owing to heavy withdrawals of deposits and their inability to collect fast enough. Both are solvent and have ample assets. It is understood that both the Orange and Tustin banks have closed for a like reason. It is regarded here as a senseless scare. One at Pomona, Cal. POMONA, Cal., June 22.-The People's bank did not open this morning. This notice was on the door: "Owing to the existing stringency, the board of directors of this bank have decided to temporarily close its doors. Depositors will be paid in full." There is very little excitement. The belief is general that the bank is perfectly solvent. Aid for Los Angeles Banks. NEW YORK, June 22.-Several telegraphic transfers of monev to San Francisco were made by New York banks this morning. Up to 1 o'clock the amount aggregated $850,000. This was paid for in gold certificates and treasury notes. The money transferred is intended for Los Angeles banks. Michigan. GREENVILLE, Mich., June -The City national bank was closed today by the bank examiner. No statement has been made public. Pennsylvania. RIDGEWAY, Pa., June 22.-The Ridgeway bank has failed. Assets, $364,000; liabilities, $216,000. Interest on Bonds. WASHINGTON, June 22. - Secretary Carlisle has directed the the July interest on the four per cent bonds be paid Monday.


Article from Arizona Weekly Citizen, July 1, 1893

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ELEGRAPHIC. SANTA ANA, Calif., June 22.-The National bank and the CommerFirst bank of Santa Ana did not pen to cial doors this morning. owing f heavy their withdraw sle of deposits Both and ina- are bility to collect fast enough. in solvent. have ample assets and can that in full. It is understood time both pay the Orange and Tustin banks have i closed for like reasons. ANOTHER PAN DIEGO BANK. DIEGO, June 22.- Bank of Com- this merce SAN failed to open its doors i morning Los ANGELES, June Everything IS quiet today. The panic has subsided. in SAN Diego, June ,--Following Los wake of the financial troubles National in the Angeles, the Consolidated morning. bank suspended payment this usual notice on the door gives the deA of financial stringency, and clares cause the depositors will be paid. than The assets are said to be much larger the liabilities, but DO complete statement is now obtainable Savings bank of San Consoli Diego, The office with the which National has an and which is closely at the related dated in management, suspended time. same The Consolidated National is one one o' and has been considered in the the of the largest most substantial banks city. to run in consequence National of the Owing suspension, the First It is morning closed its doors this afternoon. all of amply able to meet thought is liabilities. No statement is now obtainable. FOUR FAILURES AT LOS ANGELES. Los ANGELES, June 21 Four banks doors here this morning. el eed their the First National, Southern East California, They are Broadway back and Side bank. ascribe the same cause, stringency to All the money market and licability De of cash at once from resources. will be positors realize are assured that they paid in full. suspensions created great excite- the The and large crowda gathered in the ment Ruus were made upon streets. Farmers and Merchants and the Los he former paid all depositors Angeles. but the latter announced and promptly, only email depositors and cerwould pay depositor part cash the tificates give large payable in sixty days for remainder The First National bank announces were it close because $600,000 assets exthat in two days. The ceed withdraw the liabilities by $500,000. PERRY, Kas., June 22.- A fearfully destructive cyclone passed through Williamstown and adjacent country onehalf mile wide and six miles long, accom the panied by a downpour or rain and t darkness of midnight. dead bodies have already been at discovered Ten and it is known that least five more are killed. The dead are: F. Evans. Emery Evans. if John Hut hinson. Simuel, Mrs. Clara, Sadie, Walter, Eva and William Kincaid. Samuel Stewart. s are horribly mangled. All are torn to pieces. fatally hurt Some Baker, William Geopfert seri- and James umber of others are wife and hurt. Complete details are twenty not ously hand but probably at least blowe at are killed and thirty houses down. WASHINGTON, June 21 The president Missies has appointed C. B. Howery of ippi assistant attorney general. FREDERICTON, N. B., June 21. Eighty urebsix stores and two dwellings, the railway station and the village round of es were burned in the Gibson house yesterday families afternoon, are hom One less hundred The loss and 18 thirty $2,000,000, insurance light. DULUTH, Minn., June 21 stores, A five-story two containing four with building, newspaper plants, saloons, two containing twenty living rooms above was arned tonight. people, dead bodies have already been taken Four out. It is believed three more are in the ruice. are Mary Ford and son. Robert The dead and Elizabeth Maher and daughter Celia. The money loss is $40,000. SACRAMENTO, Calif., June 22 -Judge the superior court of Yoio county Grant of has filed decision III favor ted case plaintiff in the now the Livermore vs. Wa te, the capital of The judge tieds aga moval case. tention is that the defendants The cos n is not the proper remedy. finds injuncti agaiest con-titational the plainsiff emendment on conteation the the receive the the two thirds vote of all members. RIVER FALLS, W18. June 21.-At *clock this afternoon the large circus tentof Ringling while crowded Broe. was with struck people, than twenty. instantly `ghtning killing eightand injuring more Killed: Clark Mapes. Eugese Reynolds J.A. leudenning and SOD. O.A. Odans. O.P. Wiggins. Curt Aldridge. unknown boy. An names of the injured cannot ascertained The as they were taken away friends. While the people were passing above out the was struck twice with the 21 Jane sult. tent Fire et arted but was ext nguished. The WASHINGTON, of Senstor Stanford's death was dereceived news at Washington with some gree of surprise, alt though all his friends feeble his advenced age and health know augured his decease within no very great period. Senator Stauford was last in Washington in April. He was very feable, seemingly on the verge of dissolution. called on President Cleveland at that He t me and a number of con gressmen who saw him in the wh ite house Borrowfully predicted that the end was not


Article from Evening Star, July 21, 1893

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National Bank Matters. The controller of the currency today appointed Mr. John P. Hopkins of Kensington, Chicago, III., receiver of the Chemical National Bank of Chicago, III. The controller has been advised that the First National Bank of Cheyenne, Wyo., has closed its doors to business, The controller of the currency has authorized the First National Bank of San Bernardino, Cal., and the First National Bank of Santa Ana, Cal., to reopen their doors for business, These banks have complied with the requirements imposed by the controller and are reported by the bank examiner to be in satisfactory condition with unimpaired capital. The controller of the currency has ordered a dividend of 30 per cent in favor of the creditors of the Evanston National Bank of Evanston, III. The checks for the payment of the dividend will be distributed on or about August 1 by the examiner at the bank of Evanston. The controller of the currency has been advised that the Farmers' National Bank of Henrietta, Tex., has closed its doors to business.


Article from The Morning Call, July 22, 1893

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WORST IS OVER. Comptroller Eckles Says the Panic Has Petered Out. WASHINGTON, July 21. - -The Comptroller of the Currency is still of the opinion that the worst is over and that the failures represent nothing more serious then temporary inability to pay out unusual sums of money that could have been provided had the panic-stricken stockholders given reasonable notice. The day opened propitiously by instructions to two California national banks, the First of San Bernardino and he First of Santa Ana, to open for business. These banks have complied with the requirements of the law and are reported by the Bank Examiner in a satisfactory condition with unimpaired capital. The offers of silver to the treasury today aggregated 670,000 ounces, at 70 to 71 1/2 cents. Thirty thousand ounces were purchased at 70 cents. The Comptroller has received notice of the failure of the First National Bank of Cheyenne, Wyo., and the Farmers' National Bank at Henrietta, Texas. The Comptroller had advices this afternoon from Cheyenne that the banks there stand firm. The excitement has ended and no more trouble is feared.


Article from The Record-Union, July 22, 1893

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Special to the RECORD-UNION. WASHINGTON, July 21.-The Comptroller of the Currency is still of the opinion that the worst is over and that the failures represent nothing more serious than temporary inability to pay out unusual sums of money that could have been provided had the panic-stricken stockholders given reasonable notice. The day opened propitiously by instructions to two California national banks, the First of San Bernardino and the First of Santa Ana, to reopen for business. These banks have complied with the requirements of the law and are reported by the Bank Examiner in a satisfactory condition with unimpaired capital.


Article from The Jersey City News, July 24, 1893

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A BRIGHTER OUTLOOK Banks Getting on Their Feet Again With Treasury Aid. WASHINGTON, July 24, 1893.-As - viewed at the Treasury Department, the week begins with brighter financial prospects. A number of the recently failed banks are taking the necessary steps to resume, and Comptroller Eckels is lending them all the aid possible. He was notified this morning that the failed First National Bank of Kendallville, Ind., and the failed Northern National Bank of Big Rapids, Mich., would probably resume : business this week. The First National Bank of Santa Anna, Cal., which resumed busidess on Saturday after a short suspension, received in deposits $12,000, while the withdrawais amounted to only $6,000. This is regarded here as ad evidence that confidence is being practically restored on the Pacific coast.


Article from Evening Star, July 24, 1893

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


Article from The Wheeling Daily Intelligencer, July 25, 1893

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


Article from Morris Tribune, July 26, 1893

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


Article from The Russellville Democrat, July 27, 1893

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


Article from The Durham Daily Globe, July 28, 1893

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IN THESE days of suspensions and failures it is gratifying to note that many of them are due only to temporary embar rassments and that many of the reputed bursted banks are over their trouble and are again doing business. Among those which have re opened during the last few days are: Gate City National Bank, At lanta, Ga.: First National Bank, Los Angeles, Cal.; First National Bank, San Diego, Cal.: First National Bank, Santa Anna, Cal; First National Bank, San Bernardino, Cal: the Southern California National Bank, Los Angeles, Cal: Merchants' National Bank, Fort Worth, Tex.; Second National Bank, Ashland, Ky.; Capital National Bank, Indianapolis, Ind: First National Bank, Palouse City, Wash; Washington National Bank, Spokane Falls, Wash; National Bank of Commerce, Provo City, Utah, and First National Bank, Cisco, Texas.


Article from The Hickman Courier, July 28, 1893

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