Farmers Exchange Bank (San Bernardino, CA)

Episode Information

Episode UID
3685335291122
Episode Type
Run → Suspension → Reopening
Bank Type
state
Bank ID
368533529 hash
Start Date
June 17, 1893
Location
San Bernardino, California (34.108, -117.290)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c3b24ab7b48aa369

Response Measures

None

Events (4)
1. June 17, 1893 Run
Cause
Local Banks
Cause Details
Heavy withdrawals and contagion from runs and bank failures elsewhere plus large sums withdrawn from circulation by visitors to the World's Fair led depositors to withdraw funds.
Measures
Telegraphed stockholder for funds; local banks advanced $12,000 to assist.
Newspaper Excerpt
For the last three days there has been a steady run...the amount drawn out in cash reached $57,500.
Source
newspapers
2. June 17, 1893 Suspension
Cause
Local Banks
Cause Details
Temporary suspension due to inability to stand a heavy run over several days.
Newspaper Excerpt
This morning the Farmers' Exchange Bank failed to open its doors...Depositors will be paid in full.
Source
newspapers
3. June 19, 1893 Other
Newspaper Excerpt
Receiver appointed...George L. Hisom has been appointed Receiver of the Farmers' Exchange Bank and Savings Bank of San Bernardino with bonds fixed at $250,000.
Source
newspapers
4. August 24, 1893 Reopening
Newspaper Excerpt
The Farmers' Exchange Bank reopened this morning under auspicious circumstances with about $130,000 in cash on hand, being 80 per cent of the amount due depositors.
Source
newspapers

Newspaper Articles (18)
1. June 18, 1893 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, June 18, 1893

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COULDN'T STAND THE RUN. San Bernadino, Cal., June 17.-This morning the Farmers' Exchange Bank failed to open its doors, but instead hung up a card: "Bank closed. Depositors will be paid in full." For the last three days there has been a steady run, beginning on Wednesday and closing on Friday night, when the amount drawn out in cash reached $57,500. The bank telegraphed yesterday to one of its stockholders in San Francisco for $50,000, but the money could not be obtained in time yesterday. Local banks here advanced $12,000, but the amount was too small. to meet the emergency.

2. June 18, 1893 New-York Tribune New York, NY
Article from New-York Tribune, June 18, 1893

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FAILURE OF BANKS IN THE WEST ANOTHER LIMB OF THE ZIMRI DWIGGINS TREE FALLS TO THE GROUND. Wabash, Ind., June 17 (Special).-This morning the Citizens' Bank, of Converse, owned by L. Gottschalk and George Ober, and which began business this spring. failed to open Its doors. The proprietors. who came from Geneva, Ind., were associated with Zimri Dwiggins, of Columbia National Bank fame, and, it is asserted, lost from $10,000 to $12,000 in the Columbia failure. No statement of assets and 11a bilities has been made to Roscoe Kimple, to whom the bank a-signed. The capital Invested was about 420,000, and the deposits from 825,000 to $30,000. Cashier Gottschalk says all depositors will be paid in full. Waterloo, Iowa. June 17.-The First National Bank of Grundy Centre closed its doors yesterday and In formed Bank Examiner MeHugh that If could not do business any longer. The statement of the condition of the bank May 4. showed deposits subject to check to the amount of $34.761 72. demand certificates ito the amount of 827,836 70. and time certificates amount ing to $74,715.50. The capital stock was $50,000 amount of liabilities is not known. Dallas, Tex., June 17.-A "News" Brownwood Tex. dispatch says: "The City National Bank of Brown wood closed its doors yesterday. A sign was hung out: Closed by order of the directors. Tightness of the money market and slow collections are the the on causes assigned by the directors. A run bank was begun yesterday that continued until they were compelled to close. The capital of the bank is $130,000. San Bernardino, Cel. June 17.-The Farmers' Ex change Bank closed its doors this morning. St. Paul, June 17.-A dispatch from Crystal Falls Mich., says all the mines there except the Mahs field. Claire and Michigan have suspended work. and one of these will close In a few days. Both banks of the city have suspended and there is simply no money whatever In circulation. Many are leaving the town.

3. June 18, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 18, 1893

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BUSINESS TROUBLES. The City National bank, of Brownwood, Tex, suspended on June 16. Angel!, Matthewson & Co., of Oswego, Kan, assigned on June 16, with $100,000 liabilities. The Genesee Oil Works (limited). of Buffalo, N. Y., have made the essignment Liabilities, $300,000. The Racine, Wis, Hardware Manufacturing Company assigned on June 17, with $400,000 liabilities. Charlee Offer's wholesale tobacco business at San Francisco was attached on June 16 for from $50,000 to $70,000. The Farmers' Exchange bank. of San Bernadino, Cal., suspended on June 17, in conse quence of a heavy run. Charles F. Streight, an Albany, N. Y.. hardware merchant, failed on June 17 with $200,000 assest and $50,000 liabilities. Judgments and executions to the amount of $350,000 have been filed against the Duqueene Tube Works Company, of Pittaburg. covering. it is said, nearly the entire debt of the company.

4. June 18, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, June 18, 1893

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A RUN CLOSED THEM. The 'Farmers' Bank of San Bernardino Fails to Open Yesterday. SAN BERNARDINO, Cal., June 17.-The Farmers' Exchange bank failed to open its doors this morning. On the door was a notice assuring depositors that they would be paid in full. It is believed that the assets will exceed the liabilities two dollars for one. The temporary suspension is due to inability to stand a run which had been made on the bank for the past three days. The bank has a paid up capital of $50,000; surplus capital, $100,000.

5. June 20, 1893 The Record-Union Sacramento, CA
Article from The Record-Union, June 20, 1893

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SAN BERNARDINO BANKS. Two Which Were Prepared for Any Heavy Run. SAN BERNARDINO, June 19.-The rush of creditors who drew their money out of the Farmers' Exchange Bank last week, causing it to close its doors, has, to some extent, infected the depositors of the other banks. This morning., small depositors were to be seen drawing their cash, but the banks are fully prepared to meet every demand. The First National Bank of San Bernardino and the San Bernardino National are heeled. They have been fortifying themselves for some time past, and today display an unusual amount of gold and currency on their ccunters. The large depositors are not drawing their money, and the bankers wear a confident and smiling appearance this morning. In accounting for the unprecedented run on the Farmers' Exchange Bank-an institution unquestionably sound financially, as measured by the usual standard of banking-followed as it was by the disastrous results, attention has been called to the fact that over $100,000 has been withdrawn from circulation here by visitors to the World's Fair within a few weeks. The Farmers' Exchange Bank and Savings Bank of San Bernardino were practically owned and conducted by the same men. The directors are now preparing a statement which will be made public tomorrow. One of the Directors of the Farmers' Exchange Bank, when asked how soon the bank would resume business, stated this morning that it was impossible to state the time owing to the difficulty in realizing on securities in the money centers. That the bank will resume is generally believed by those acquainted with its officers. RECEIVER APPOINTED. SAN BERNARDINO, June 9.-George L. Hisom has been appointed Receiver of the Farmers' Exchange Bank and Savings Bank of San Bernardino with bonds fixed at $250,000.

6. June 20, 1893 The Herald Los Angeles, CA
Article from The Herald, June 20, 1893

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SAN BERNARDINO BANKS, Confidence in Them Is in the Ascendancy. Their Solvency Has Been Amply Demonstrated. The Farmers' Exchange Expected to Resume Soon. No Further Trouble Anticipated-Bank Failures in Oregon and Other States-Numerous Business Suspensions. Special to the HERALD. SAN BERNARDINO, June 19.-The suspension of the Farmers' Exchange bank of this city ie the chief topic of conversation on the streets, but the impression is general that the bank will resume as soon as confidence is established throughout the city. A receiver was appointed today by Judge Campbell in the person of George L. Hisom, with bonds fixed at $250,000. Attachment proceedings for the purpose of having a receiver appointed, were instituted by James Fleming, one of the directors and stockholders. The fact that A. Gerberding, the state bank examiner, gave out that the bank had $154,232.69 in excess of all liabilities, has restored great confidence in the suspended bank. The receiver will commence at once to straighten out the affairs and will probably open the doors of the closed institution in a few days. This evening H. L. Drew, president of the bank, was seen and said that the bank could open in two or three days provided confidence was restored in all the banks, but with the present flurry it was impossible to say just when the doors would be opened. He said that the statement had been given out that the stock-holders had bought their real estate during the boom and that it was not worth the figures given out. He wished this rumor denied, 29 it was false in every particular, and that all the personal property of all the stockholders was worth every dollar of the amount given out. A full statement of the condition of the bank will probably be ready tomorrow, when it will be published. Several rumore have been circulated of large runs on the other three banks, but there is not 8 word of truth in them, as everything was very quiet all day. Only a few depositors asked for their money, and they were only email amounts and had no effect whatever. No further trouble is anticipated in financial circles in this city.

7. June 20, 1893 The Herald Los Angeles, CA
Article from The Herald, June 20, 1893

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RUNS ON OTHER BANKS. A Small Panic at San Bernardino-The Farmers' Exchange Failure. SAN BERNARDINO, June 19.-[By the Aesociated Press.]-The rush af depositors who drew their money out of the Farmers' Exchange bank last week, causing it to close its doors, has to some extent infected depositors of other banks. This morning numerous small depositors were seen drawing their cash. but the banks were fully prepared to meet every demand. The First National bank of San Bernardino and the San Bernardino National had been fortifying themselves for some time, and today displayed an unusual amount of gold and currency on their countere. Large depositore are not drawing their money, and the bankers wore a confident air this morning. In accounting for the run on the Farmers' Exchange bank, an institution unquestionably sound financially, meas. ared by the usual standards of banking, followed as it was by disastrous results, attention has been called to the fact that over $100,000 has been withdrawn from circulation here by visitors to the world'a fair within a few weeks. The Farmers' Exchange bank and the savings bank of San Bernardino were practically owned and conducted by the same men. The directors are now preparing a statement of their actual condition, which will be made public tomorrow. One of the directors of the Farmers' Exchange bank, when asked how soon the bank would resume business, stated this morning that it was impossible to set a time, owing to the difficulty in realizing on securities in the money centers. That the bank will resume is generally believed by those acquainted with its affairs,

8. June 20, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, June 20, 1893

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Condition of Affairs at San Bernardino. OREGON BANKS IN TROUBLE Two Financial Institutions There Close Their Doors-Bad Failure at Corvallis. Special to THE MORNING CALL SAN BERNARDINO, June 19.-The crazy of depositors who drew their money out of rush the Farmers' Exchange Bank last week. causing it to close its doors on Saturday. has some extent infected the depositors of other banks. This morning numerous small depositors were to be seen drawing their cash, to be doubtless stored away in some old stocking. But the banks are fully prepared to meet every demand, and every weak-kneed depositor will get his money when called for. The First National Bank of San Bernardino and the San Bernardino National are well supplied with money. They have been fortifying themselves for some time past and to-day display an unusual amount of gold and currency on their counters. Large depositors are not drawing their and money. and bankers wear a confident smiling appearance this morning. In accounting for this unprecedented run on the Farmers' Exchange Bank, an institution unquestionably sound financially measured by the usual standards of banking. followed as it was by disastrous results, attention has been called to the fact that over $100,000 has been withdrawn the from circulation here by visitors to World's Fair within a few weeks. The Farmers' Exchange Bank and Savings Bank of San Bernardino were practically owned and conducted by the same men. The directors are now preparing a statement of their actual condition, which will be made public to-morrow. One of the directors of the Farmers' Exchange Bank when asked how soon the bank would resume business stated this morning that it was impossible to state the time,owing to the difficulty in realizing on securities in money centers. That the bank will resume is generally believed by those acquainted with its affairs. When the banks opened this morning there was small run of country depositors on the First National Bank, but this of was counterbalanced by the opening accounts with new depositors. By 12 o'clock the bank stood in as good or in a better condition than in the opening hour The run is now practically over, and confidence is renewed in the minds of the public as to the stability of the local institutions. The banks of this city are so well supplied to-day with cash that large sums have been forwarded by them to smaller institutions in the county. One bank has actually on hand $40,000 in excess of any amount that can possibly be drawn out. This is shown by an actual examination of the books. A gentleman of known financial standing, who knows whereof he speaks, states that there are no sounder institutions in this country than the banks of this city, and that the attacks of depositors upon them are wholly senseless and without reason. The suspension continues to be the topic of conversation on the street. Depositors who failed to draw their money are consoled however by the statement of Bank Examiner Gerberding, that the bank has assets of nearly $2 to meet every $1 of its liabilities. This afternoon attachment proceedings were instituted before the Superior Court against the Farmers' Exchange Bank by James Fleming, the petitioner, asking Judge that a receiver be appointed. Campbell appointed George L. Hisom receiver, with bonds fixed at $250,000. The appointment is highly satisfactory to all parties interested, as Hisom is a man of well-known business ability and integrity. The day passed quietly at other banks of the city, with the exception of the slight flurry at the First National in the morning, and it is believed that affairs permanently resumed their normal condition. The Lynn County bank closed its doors this morning. A notice on the door says: "Owing to the stringency in the money market the bank hereby suspends paymen by order of the directors. Depositors will be paid dollar for dollar, with a large surplus.' J.L. Cowan. president of the bank, says the deposits amount to about $150,000, and that the assets will exceed the liabilities by from $80,000 to $100,000. J.A. Crawford, the wealthiest citizen of Albany and one of the directors, says he will personally guarantee every depositor. Among the deposits is $33,000 of the county's money, $17,000 of which had been apportioned to the public schools. No official statement has been made. The branch of the Lynn County bank at Lebanon, this county, also closed its doors. At noon the Bank of Oregon of this city also closed its doors. Cashier Blaine save the assets are 50 per cent more than the liabilities The amount of deposits is small. Both failures were caused by the steady withdrawal of deposits for several weeks. ALBANY, Or., June 19.-No official statement will be made until the bank examiner arrives, but Cashier Archibaid of the Linn County Bank says the liabilities are about $220,000 and the assets $318,000. and that the depositors will be paid in full. The immediate cause of the suspension was the dishonoring of a draft for $16,000 presented by the county treasurer in payment of State taxes. The State Treasurer accepted the draft and gave his receipt therefor, but the draft on being presented to the Salem bank was not honored. The directors then held a meeting and disagreed as to whether they should supply the money required to tide the bank over its present necessity. The majority finally decided to suspend. The assets of the Bank of Oregon are $68,000 and the liabilities|$45,000. The depositors will be paid as soon as the bank can realize on its securities. Merchants offer to take the paper of both the suspended banks at par. The other banks were kept open until 6 o'clock, and paid all demands. A bank at Lebanon owned by Cowan, Ralston & Co. of this city closed at 10:30. It had deposits of $27,000. Its

9. June 21, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, June 21, 1893

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Failure of Two Small Los Angeles Banks. DEPOSITORS WON'T SUFFER. Plenty of Assets, but Money Could Not Be Realized on Them. Other Assignments. Special to THE MORNING CALL June 20.-The University Los ANGELES, business, and Bank, which did commercial the Bank closed their doors this Yesterdsy these made an City morning. institutions Savings effort afternoon to borrow both money from the Clearing-house, but failing in this they were forced to suspend payment this morning left on and before he Saturday, President Widney for started Chicago he said that he bad deeded all his property. both real and personal, to the bank, and stated if any one loses he will. Robert Widney Jr. says that the securities overbalance the deposits three to one. A formal statement will be made in a few days. The closed City Bank has ample security and can pay depositors in full. A.D. Childress, president of the City Bank, says that the bank is closed temporarily in order to collect money from its loans and securities. He says the depositors will be paid in full. The news of the closure of the two banks spread rapidly through town and in short order a run was inaugurated on the Los Angeles National. The bank paid all demands as fast as possible. President Bonebrake made a speech assuring every depositor that his money would be paid to him. Notwithstanding the withdrawals, large sums of money were deposited in the bank bv merchants confident of its security. Runs more or less were made on every bank in town. All the savings banks are solvent and are paying money without question. There is DO excitement outside of a few small depositors, and at several banks today the receipts exceeded the payments. banks kept open conditions of the above criticism, the increased following the hours. the Two reserves banks depression of is the The having stead!ly after boom deposits Los collapse business Angeles in since 1888. and of the speculative real estate Realestate values have touched bedrock, but since the first of the year have been on the up grade, inside business property being in good demand at much higher prices than during the height of the boom. The clearances of the Los Angeles banks for this year up to the end of May show an increase of 38 per cent over 1892, as compared with 1 per cent increase in the country at large. There are nearly $11,000,000 ou deposit in the city banks. The run of to-day was caused entirely by small depositors, who became scared at the talk of irresponsible persons on the street. SAN BERNARDINO, June 20.-The finan ctal flurry in this city caused by the closing of the doors of the Farmers' Exchange Bank and of the Savings Bank of San Bernardino has subsided altogether. The streets are now perfectly quiet and no further trouble is anticipated. The Farmers' Exchange Bank has gone into the handsjof Receiver George L. Hisom, and there is no prospect that its doors will be opened again for some time to come. It is the intention of the leading stockholders to right their affairs as soon as possible and pay every dollar to the depositors. ) The public has received the failure with unusual complaisancy and but few if any ill-natured remarks have been heard in regard to it. ALBANY, Or., June 20.-The excitement over the .financial flurry has quited down. Official statements of the suspended banks' condition will show, it is stated. assets sufficient to pay depositors every dollar. EUGENE, June 20.-The Lane County Bank, owned by Hovey, Humphrey & Co., the oldest bank in the county, failed to open its doors this morning. The suspension was caused by a stringency of the money market. A notice was posted on which says: "Depositors will be No statement paid in full." the door liabilities. has yet been but made as to the assets and the depositors do not seem to have any fears. and many say if the bank should open this afternoun they would not withdraw deposits. VALLEJO, Jone 20.-The Vallejo Electric Light and Power Company has filed a petition in in-olvency in the Superior Court of Solano County. This action is said to be due to the numerous suits pending against the company, and involving many thousand dollars. Judgement in several suits has already been rendered against the concern. If the petition is granted the company will be reorganized. Sheriff Henderson has been appointed receiver, with bonds fixed at $10,000. Pendaction of the court the company their plant. as to ing will the run suspend Vallejo its in operation would mean leaving darkness

10. June 22, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, June 22, 1893

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PASSED LIKE AN EPIDEMIC. San Bernardino Has Completely Regained Confidence. SAN BERNARDINO, June 21. - George L. Hisom, w b o was appointed receiver of the Farmers' Exchange Bank, having received a telegram calling him East, resigned his office as receiver and went East yesterday morning. To-day the court appointed John C. King in his stead, who will qualify and take possession at once. The mad craze which has agitated the people here has died out altogether, and now it is discussed like an epidemic of smallpox or other disease from which the patient has recently recovered. The bank failures of Los Angeles are looked upon with a degree of interest, but people assume an attitude of pity toward that afflicted community rather than one of renewed alarm for their own financial safety. The craze has come and gone, not to return again soon. The day has passed off without incident at the banks and no further trouble is anticipated.

11. June 22, 1893 The Herald Los Angeles, CA
Article from The Herald, June 22, 1893

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Receiver Hisom Resigns. SAN BERNARDINO, June 21.-George - L. Hisom, who was appointed receiver of the Farmers Exchange bank, having received a telegram calling him east, resigned his office 08 receiver, and today the court appointed John C. King-in his stead.

12. June 25, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, June 25, 1893

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Fresno Experiencing the Stringency. SUSPENSION OF A BANK. The Assets Four Times the Liabilities, but the Money Cannot Be Had Just at Once. Special to THE MORNING CALL FRESNO. June 24.-The Loan and Savings Bank of Fresno announced this morning that owing to its failure to seexpected funds it would not open its created doors cure to-day. The announcement that excitement, as it is well known no the assets of the bank are four to one are liabilities, and that the depositors absolutely safe. Merchants windows at once placed printed notices in their stating that checks depositors in that at or any bank of Fresno would be taken par for merchandise. The business of other banks was unaffected by this temporary suspension, their their depositors being confident of due solvency, and that the suspension market is stringency of the money preventing to a them securing coin or even gilt-edge The report collateral. in a San Francisco paper will that the Madera Bank depositors bank's $40,000 is incorrect. The lose are three to one of its liabilities. assets The Madera Bank will resume business some time next week. The depositors in the closed banks discount. reto sell their accounts at a fuse bank here is insolvent, the inability to realize on securities being the sole cause of the temporary suspensions. The Loan and Savings Bank will open its doors Monday. SAN DIEGO, June 24.-The officers of Bank of Commerce to-day announced that the the bank would reopen on Monday for business. Funds are on the way from San Francisco to strengthen the reserves of the bank, and such majority of de- of positors has agreed to the proposition furpercentage payments that there is no ther fear of run when the bank opens. The depositors who have not signed agreement are not to be reached or are yet unaware of the proposition, as so fara known not one depositor has expressed disapproval of the plan. Such revulsion of feeling from four days is a commentary on: the real causes for the run the bank. Commissioner Gerberding, after com- of pleting the examination of the Bank Commerce, examined tb Savings Bank San Diego County, which is connected with the Consolidated National. So satisfactory was the examination that he told officers that "they had no busine33 close," its and he wired to Attorney-General Hart for instructions to reopen the bank ex on Monday. F. N. Pauly, temporary Na. eminer of the Consolidated and First tional, began an examination of the Consolidated National to-day. He said to the he had no statement to make public, but that he expected to make full report to the Comptroller of Currency. In fact, that he had received telegraphic or ders to proceed with the examination. Nothing could be done to reopen the bank, said, until the Comptroller acted upon the examiner's report. Funds for the First National Bank have been transferred by wire from New York to San Francisco and are being forwaded by express. Upon receipt of them and the of several large cash deposits to be made by bank officials expect to be authorized the Comptroller to resume business. All excitement has passed away and the country banks experiencing no trouble The Oceanside Bank, which closed temporarily, will resume business Monday. VALLEJO, june 24.-There was run on the Vallejo Commercial Bank to-day. the which lasted about two hours. All depositors were finally satisfied that there ample cash on hand to meet all de mands. was No deposits were drawn by com- who mercial houses and number of those had drawn early in the day redeposited the amounts later on. The bank's books were audited to-night and show ample cash on hand to pay any demands that may be made. Los ANGELES, June 24. Banking affairs in Los Angeles are assuming has a normal condition and all excitement died away. The East Side Bank re-opened and to-day, receiving numerous deposits, the two national anks expect to receive from telegraphie permission to do 50 Washington within a week. Judge Widof the University Bank. who arrived the ley from the East to-day, says he expects bank to open its doors within few days The stockholders of the bank have deeded their property, including their homes, to the bank, the aggregate value of such transfers being nearly $400,000. The amount of deposits in the safe deposit vaults of the city is now said to exceed $2,000,000. Some anxiety is felt for their safety, as these institutions were never in tended for the reception of such large sums of cash. SAN BERNARDINO, June 24.-Receiver J. C. King has opened the Farmers' Exchange Bank for the purpose of making collections and will put its affairs in shape as soon as possible. Contrary to expectations and to the predictions of the officers of the bank, the First National did not open to-day, but understood that it is the intention of is the stockholders to resume as soon as possible. Moscow. Idaho.. June 24.-The McConnell-Maguire store, hich was closed by the Sheriff two months ago, resumed business to-day. R. L. Sabin, manager of the Merchants' Protective Union, is trustee, and A. David, one of the stockholders, is the general manager. David expects place the firm on a sound financial basis in a short time. WASHINGTON, June 24. - Comptroller Eckels this morning received a telegram from San Bernardino bank asking permission to reopen. Heanswered he would consider the request when his examiner made report. Bank Examiner Lazar, who was at Los Angeles, has been directed to take charge of the San Bernardino Bank, while Wightman, examiner at San Francisco, will relieve him at the first-named place. Bank Examiner Clare of Tacoma has been directed to go to New Whateom. An application has been received by the Comptroller from all the banks in Spokane requesting him to allow the Washington National Bank of Spokane to reorganize. The Board of Trade at San Diego and the president of the suspended First Nalional Bank of that place have requested

13. July 26, 1893 The Star Reynoldsville, PA
Article from The Star, July 26, 1893

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LATER NEWS WAIFS. FINANCIAL AND COMMERCIAL. TACOMA, WASH. -The Trader's Bank suspended. An early resumption is expected. MILWAUKEE-The Commercial Bank has assigned. THE Johnson County Savings Bank, Missouri, suspended Thursday. Depositors will be paid in full. SAN BERNARDINO, CAL. The First National bank reopened by permission of Comptroller Eckels. The bank is in fine condition. The Farmers exchange bank will reopen in a short time. Confidence is again restored. PITTSBURG BANKS SOUND. -The report of the Comptroler of the Currency shows that the 29 National banks of Pittsburg are in sound condition. The reserve held by the n July 12 was 24 35 per cent, This Comptroller Eckles regards as indicating that there is no alarm or distrust in the community. The First National Bank, of Russell, Kas., has failed. The announcement Saturday that the First National Bank of Vernon, Tex., has failed was erroneous. The New Hampshire Trust Company, of Manchester, N. H., one of the heaviest financial institutions in the State, has been enjoined from continuing business. The Bank of Grand Avenue, Kansas City, Mo., on Saturday resumed business. The First National Bank of Santa Anna, Cal., which closed four weeks ago, reopened its doors again Saturday. The Kentucky National Bank, Louisville, a government depository, suspended. Liabilities of $2,742,624 01, balanced by resources. The Milwaukee National Bank of Wisconsin and the Southside savings bank, both of Milwaukee, closed their doors.

14. July 27, 1893 The Middleburgh Post Middleburg, PA
Article from The Middleburgh Post, July 27, 1893

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LATER NEWS WAIFS. FINANCIAL AND COMMERCIAL. TACOMA, WASH. - The Trader's Bank suspended. An early resumption is expected. MILWAUKEE-The Commercial Bank has assigned. THE Johnson County Savings Bank, Missouri, suspended Thursday. Depositors will be paid in full. SAN BERNARDINO, CAL. -The First National bank reopened by permission of Comptroller Eckels. The bank is in fine condition. The Farmers exchange bank will reopen in a short time. Confidence is again restored. PITTSBURG BANKS SOUND. -The report of the Comptroller of the Currency shows that the 29 National banks of Pittsburg are in sound condition. The reserve held by the n July 12 was 21 35 per cent. This Comptroller Eckles regards as indicating that there is no alarm or distrust in the community. The First National Bank, of Russell, Kas, has failed. The announcement Saturday that the First National Bank of Vernon, Tex., has failed was erroneous. The New Hampshire Trust Company, of Manchester, N. H., one of the heaviest financial institutions in the State, has been enjoined from continuing business. - The Bank of Grand Avenue, Kansas City, Mo., on Saturday resumed business. The First National Bank of Santa Anna, Cal., which closed four weeks ago, reopened its doors again Saturday. The Kentucky National Bank, Louisville, a government depository, suspended. Liabilities of $2,742,624 01, balanced by resources. The Milwaukee National Bank of Wisconsin and the Southside savings bank, both of Milwaukee, closed their doors.

15. August 24, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, August 24, 1893

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PLENTY OF MONEY. The Farmers' Exchange of San Berdoon to Resume. SAN BERNARDINO, Aug. 23.-The Farmers' Exchange Bank, which closed its doors on June 17, after having withstood a persistent run for several days, will reopen its doors to-morrow for regular busiLOSS, under authority from the State Bank Commissioners. There is now due depositors $169,666 01. To meet this liability the bank has $128,000 75, being about 80 per cent of its liabilities. Since the bank closed its doors, the paid up capital has been increased from $50,000 to $100,000 and something over $80,000 has been made. The sworn statement which will appear to-morrow will show assets of $354,916 24 and the total amount due depositors and other banks $175,394 28. The bank was never before in such good condition as it is to-day. and it will resume business under the most flattering conditions. No fears are entertained of a renewal of the unfortunate run which resulted so disastrously a few weeks ago and the bank has the hearty good will of all classes of citizens.

16. August 25, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, August 25, 1893

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BANKS RESUMING. There Seems to Be a Sort of Easing in Financial Matters. SAN Bernardino, Aug. 24.-The Farmers' Exchange Bank reopened this morning under auspicious circumstances with about $130,000 in cash on hand, being 80 per cent of the amount due depositors. A large number of new depositors opened accounts with the bank and up to noon to-day the deposits had largely exceeded the amount drawn out and the bank officials are exceedingly happy and buoyant. A large number of prominent citizens dropped into the bank in the morning to congratulate the officers of the concern. RIVERSIDE, Aug. 24.-When the news reached this city yesterday that the Attorney-General had authorized the suspended Riverside bank to resume it caused very general and widespread satisfaction. The resumption of the bank at this time will be the means of putting in circulation a considerable sum of money which has been tied up by the bank's suspension, and this fact will relieve money matters here, a thing very much needed since the

17. August 26, 1893 New-York Tribune New York, NY
Article from New-York Tribune, August 26, 1893

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ASSIGNMENT OF AN ILLINOIS BANK. THREE WESTERN INSTITUTIONS RESUME BUSINESS AFTER SUSPENSION. Paxton, Ill., Aug. 25.-The Ford County Bank, with liabilities of $99,500 and assets of $154,000, assigned this morning to J. H. Moffett and C. H. Yeomans. The cause of assignment was the failure to realize on notes and other paper due. The securities are said to be ample, and with proper management the assignees hope to realize sufficient money to meet all liabilities. Owing to the suspension of the Ford County Bank, the First National Bank closed its doors for a few, minutes only to hold a meeting of its Board of Directors and citizens, who determined that it should instantly resume business. The bank is now open as usual. People deposited freely to-day. Milwaukee, Aug. 25.-A dispatch from River Falls, Wis., says: The Bank of River Falls, which suspended one week ago, resumed business yesterday. San Bernardino, Cal., Aug. 25.-The Farmers' Exchange Bank reopened yesterday. Washington, Aug. 25.-The First National Bank of the Dalles, Ore., suspended payment on July 31. Having complied with the conditions imposed by the Controller of the Currency, and its capital stock being unimpaired, it was to-day permitted to reopen its doors to business.

18. September 7, 1893 The Comet Johnson City, TN
Article from The Comet, September 7, 1893

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BANKS THAT HAVE RESUMED AN AVERAGE OF ONE A DAY, WITH MORE IN PROSPECT. The banks that have suspended resumed during the past two weeks, as follows: Greeley National bank, Greeley, Col., Aug. 14. Armourdale bank, Armourdale. Mo, Aug. 16. First National bank, Fort Scott, Kan., suspended July 18, resumed Aug. 16. First National bank, Rico, Col., suspended June 30, resumed Aug, 16. American National bank, Leadville, Col., closed its doors July 1, resumed Aug. 17. First National Bank, Anthony, Kan., suspended July 20, resumed Aug. 18. Union National bank, Denyer, Col., suspended July 18, resumed Aug. 21. Citizens' National bank, Attica, Ind.. Aug. 21. People's National bank, Denver, Col., suspended July 19, resumed Aug. 21. Central National bank, Pueblo, Col., suspended July 5, resumed Aug. 21. Hamilton County State bank, Fort Dodge, Ia., suspended Aug. 7, resumed Aug, 21. City Saving bank, Nashville, Tenn., Aug. 22. Henning's bank, Plain, Ill., Aug 22. First National bank, The Dalles. Ore., suspended July 31, resumed Aug. 25. Fourth National bank, Louisville, Ky., suspended July 22, resumed Aug. 26. Comptroller of the Currency Eckels has fixed the time for the resumption of several suspended banks as follows: Farmers' Exchange bank, San Bern ardino, Cal., Aug. 25. The Fall River (Wis.) bank, Aug. 25. First National (Mankato, Minn.) Sept. 1. Mankato National, Mankato, Minn., Sept. 1. Citizens' National, Mankato, Minn., Sept. 1. Permission to resume has also been given to the following banks: First National, Vernon, Tex. First National, San Marcos, Tex. First National, Lockhart Tex. The stockholders of the National, bank of Kansas City, Mo., met Friday and decided to resume busin SS.