State National Bank (Knoxville, TN)

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Episode Information

Episode UID
410201123
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
41020 national
Charter Number
4102
Start Date
July 22, 1893
Location
Knoxville, Tennessee (35.961, -83.921)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3e32e28e29a414ea

Response Measures

Full suspension, Books examined

Other: Directors held a meeting the night before; other local banks offered cash assistance (offers of $40,000–$60,000) which was not accepted. The bank promptly closed for liquidation and a receiver was later appointed.

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1893-07-29
Date receivership terminated
1896-08-08
OCC cause of failure
Losses
Share of assets assessed as good
75.9%
Share of assets assessed as doubtful
19.2%
Share of assets assessed as worthless
4.9%

Events (5)
1. August 28, 1889 Chartered
Source
historical_nic
2. July 22, 1893 Run
Cause
Bank Specific Adverse Info
Cause Details
Withdrawal of $20,000 the prior day and longstanding weakness precipitated a run at opening.
Measures
Offer of assistance from other banks (reported $40,000 or $60,000 offered) was declined.
Newspaper Excerpt
When it opened for business this morning a run was precipitated, which only lasted a few minutes as the bank closed its doors for liquidation.
Source
newspapers
3. July 22, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed for liquidation immediately after the run; notice posted stating liquidation and depositors to be paid in full.
Newspaper Excerpt
This bank has closed for liquidation. Depositors will be paid in full.
Source
newspapers
4. July 29, 1893 Receivership
Source
historical_nic
5. July 29, 1893 Receivership
Newspaper Excerpt
The controller of the currency today appointed Charles T. Cates, Jr., receiver of the State National Bank of Knoxville, Tenn.;
Source
newspapers

Newspaper Articles (22)
1. July 22, 1893 The Evening World New York, NY
Article from The Evening World, July 22, 1893

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PANIC IN MILWAUKEE. Two More Banks Close-Runs on the Others. Louisville Gets a Touch of the Financial Flurry. State National Bank at Knoxville Closes Its Doors. MILWAUKEE, July 22.-The Milwaukee National Bank and South Side Savings Bank failed to open their doors this morning. Runs are now in progress on all the leading banks in the city. LOUISVILLE, Ky., July 22.-The Kentucky National Bank, of this city, closed its doors this morning. The capital stock is $1,000,000 paid up. This bank is also a Government depository and its last statement showed $190,000 to the credit of the Government. The loans and discounts outstanding amounted to $1,719,966.50 and the surplus was $108,500. KNOXVILLE, Tenn., July 22.-The State National Bank closed this morning after opening four minutes. The notice posted on the door says: "This bank has closed for liquidation. Depositors will be paid in full." Lisabilities and assets not known outside.

2. July 22, 1893 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, July 22, 1893

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A Tennessee Bank Closed. KEOXVILLE, Tenn., July 22.-The State National bank failed this morning. A. notice on the doors says: "The bank 18 closed for liquidation; depositors will be paid in full." The cause of the suspension was the withdrawal of $20,000 yesterday. Last night the other banks offered $40,000 in assistance, but it was not accepted. A run began at the opening this morning and the bank closed. The liabilities and assets are unknown.

3. July 22, 1893 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, July 22, 1893

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crushed and burned in a horrible manner and was dead when extricated. Among the failures reported to-day are the Citizens' Bank of Jellico, Tenn; the First National Bank of Anthony, Kon.; the Milwaukee National Bank and South Savings Bank of Milwaukee: the Union Bank of Greeley, Col ; the private banking house of J. and L. Galbraith at Lampasas, Tex.; the State National Bank of Knoxville, Tenn.; the Kentucky National Bank of Louisville; and the State National Bank of Vernon, T.x. There is a heavy run on the German American and Merchants' Exchange Banks of Milwankee. At Shooting Park on the outskirts of Milwaukee, Wis., two thousand five hundred turners from all parts of the United States c ngregated yesterday, and the twenty-sixth annual bundesturufest WAS inaugurated. A duel, that resulted fatally to both the participants, took place in the outskirts of Victoria. Mex., on Thursday between a young law student and a young business man. The quarrel was over a young woman. Weather permitting Edw. Hanlan and Jacob Gaudaur will row at Orillia, Ont., this afternoon for the championship and a stake of $2,000.

4. July 23, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, July 23, 1893

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Closed After Being Open Four Minutes. KNOXVILLE, Tenn., July 22.-The State National Bank closed this morning after opening four minutes. The notice on the door says: "This bank has closed for liquidation. Depositors will be paid in full." Liabilities and assets not known outside. The bank has long been known to be the weakestin the city. Yesterday. when $20,000 in deposits were withdrawn, it was more than it could stand. A meeting of the directors was held lastnight. An offer of $60,000 to pay depositors, should a run occur to-day, was made by other banks. The ofter was not accepted. however. When it opened for business, this morning, a run was precipitated, and the bank closed. Stockholders will receive 85 cents on the dollar It 18 feared that the closing of the State National will cause a panic in Knoxville financialciroleswhich have heretofore been considered very strong. A run was made on the City National Bank, which is just opposite the State, but here depositors were paid in full.

5. July 23, 1893 The Herald Los Angeles, CA
Article from The Herald, July 23, 1893

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NATIONAL BANK FAILURES, Two Hundred Since the First of January. Five of Them Were United States Depositories. The National Bank of Kentucky Closes Its Doors. Several More Collapses in Mllwaukee. Business Failures Throughont the Country-Financlal Gossip. By the Associated Press. WASHINGTON, July 22.-Since the 1st of January 200 national banks have closed their doors, against less than 50 for the same period last year. Of the failures this year, five have been United States depositories, as follows: First National bank of Little Rock, Ark. ; Gate City National bank of Atlanta, Ga. ; People'a National bank of Denver, Colo. German National bank of Denver, Colo. Kentucky National bank of Louieville, Ky. This latter bank, which closed its doors today, had by the last report received $330,000 of United States funds. The government, however, will not lose anything by these failures, as each national bank that is a government depository has to deposit United States bonds to the amount of the government money it is allowed to carry. In addition to the heavy failure of the government depository at Louisville, three other failures of national banks were reported to Comptroller Eckels this morning-the State and First National banks of Kernon, Texas, capital $100,000 and $80,000 respectively, and the State National bank of Knoxville, Tenn., capital $100,000, all email institutions. The deposits in each are in the neighborhood of $100,000. The comptroller has appointed William A. Rice receiver of the Puget Sound National bank of Everett, Wash., and George Hoffman receiver of the Bozeman National bank of Bozeman, Mont.

6. July 23, 1893 The Morning News Savannah, GA
Article from The Morning News, July 23, 1893

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A KNOXVILLE BANK CLOSED. The State National Succumbs to a Run by Its Depositors. Knoxville, Tenn., July 22.-The State National Bank of this city closed its doors this morning. The bank has long been known to be the weakest in the city. Yesterday when $20,000 in deposits were withdrawn it was more than it could stand. A meeting of the directors was held last night. An offer of $40,000 to pay depositors should a run ocurr to-day was made by other banks, but the offer was not accepted When it opened for business this morning a run was precipitated, which only lasted a few minutes as the bank closed its doors for liquidation. A notice on the door says it will dollar pay depositors for dollar. Stockholders will also receive 85 cents on the dollar It was feared that the closing of the State National would cause a panic in Knoxville financial circles, which have heretofore been considered very strong. A slight run was made on the City National bank. which is just opposite the State, but her depositors were paid in full. The scare was soon over. There is no more uneasiness felt here. It is thought that the other banks can stand the storm.

7. July 23, 1893 New-York Tribune New York, NY
Article from New-York Tribune, July 23, 1893

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BANK FAILURES SOUTH AND WEST. ONE OF THE EMBARRASSED INSTITUTIONS A GOVERNMENT DEPOSITORY. Knoxville, July 22.-The State National Bank closed this morning. The bank has long been known to be the weakest in the city. The withdrawal yesterday of $20,000 in deposits was more than It could stand. A meeting of the directors was held last night. An offer of $40,000 to pay depositors, should a run occur to-day, was made by other banks, but was not accepted. When it opened for business this morning a run was precipitated, which lasted only a few moments, as the bank closed Its doors for liquidation. A notice on the door says the bank will pay depositors dollar for dollar. Stockholders will also receive 85 cents on the dollar. It was feared that the closing of the State National would cause a panic in Knoxville financial institutions which have heretofore been considered strong. A slight run was made on the City National Bank, which is just opposite the State, but here depositors were paid in full, and the scare was soon over. There is no more uneasiness felt here. It is thought the other banks can stand the storm. Louisville, July 22.-The Kentucky National Bank of this city closed Its doors this morning. The capital stock is $1,000,000, paid up. It is thought the bank will be able to resume business in a short time. It has been carrying an immense amount of paper which, although gilt edge," could not be realized on. The bank is the Government depository, and in its statement published on July 19 the Government's deposits are placed at $191,731 83 deposits of United States disbursing officers, $138,208 17. According to the statement, the amount of cash on hand on July 19 was a little over $85,000: individual deposits subject to check were $311,695 33, and the loans and discounts were $1,719,966 52. The bank had been weak for some time, and the failure was not unexpected. Memphis, July 22.-The Citizens' Bank of Jellico, Tenn., the only banking institution in this place, failed to open for business yesterday morning. John Smith was made assignee. Assets and liabilities not known. Vernon, Texas, July 22.-The State National Bank of Vernon closed its doors yesterday. Every cent of money on hand had been paid out, except ten cents, before the doors closed. The failure is due to inability to realize on securities. The directors say that depositors will be paid In full. Lampasas, Texas, July 22.-The private banking bouse of J. & L. W. Galbraith failed to open its doors yesterday morning. having made an assignment to J. 1. Campbell. Liabilities, $60,000; assets, $120,000. A run on the First National was started, but the concern was in a position to withstand all demands. Depositors in Galbraith's Bank will be paid In full. 6 Topeka, July 22.-The First National Bank of Anthony closed its doors yesterday and posted a notice of assignment. Its assets are $154,000 and liabilities $50,000. RusseM. Kan., July 22.-The First National Bank of this place was closed this afternoon and was taken possession of by C. M. Sawyer on order of the Controller of the Currency. No statement has been made. Greetry, Col., July 22.-The Union Bank made an assignment yesterday morning to James F. Benedict, of Denver. It is thought this step was voluntarily taken to avoid the contingency that might arise should some creditor take advantage of the Attachment law. The bank is perfectly solvent and not a depositor will lose a dollar. Crested Butte, Col., July 22.-The Bank of Crested Butte closed yesterday morning. There had been a quiet run on it for several days, SO it was decided to suspend for a time. The assets are $65,000; liabilities, $35,000. Tacoma. Wash., July 22.-A. G. Poster was ap pointed receiver of the Traders' Bank yesterday. PresIdent Fitch says that the assets will pay all the obligations and leave a large surplus. Henry A. Strong, of Rochester, N.Y., and John D. Rockefeller were the largest stockholders. It is expected the bank will resume business soon. PRESENT TREASURY POLICY TO BE CONTINUED. Washington, July as -Secretary Carlisle. after an Interview with Mr. Preston. Acting Director of the Mint. this morning authorized the statement that he fully approves the policy pursued In his absence by Mr. Preston in purchasing silver, and that the same policy. will govern silver purchases in the immediate future. This statement sets at rest the rumors that Secretary Carlisle would, on his return. reverse the policy of the Treasury in purchasing silver. Secretary Carlisle gave entire discretion in purchasing silver to Mr. Preston when he left here on his vacation. This morning, with the approval.o Secretary Carlisle, Mr. Preston refused to purchase 100,000 ounces of silver at 70 cents, the London price being about 69 1-2 cents an ounce. This was part of lot offered yesterday at 73 cents an ounce, and was declined and a counter offer was made by Mr. Preston of 71 1-2 cents an ounce,which the holder refused to accept.

8. July 23, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 23, 1893

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DOWN IN TENNESSEE. The State National Bank of Knoxville Goes Into Liquidation. KNOXVILLE, Tenn., July 22.-The State National bank failed this morning. A notice on the door says: "The bank is closed for liquidation; depositors will be paid in full." The cause of the suspension was the withdrawal of $20,000 yesterday. Last night the other banks offered $40,000 in assistance, but it was not accepted. A run began at the opening this morning and the bank closed. The liabilities and assets are unknown.

9. July 23, 1893 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, July 23, 1893

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Sundry Banks Suspend. [By telegraph to the Dispatch.] MEMPHIS, TENN., July 22.-The Citizens' Bank of Jellico, Tenn., the only banking institution in that place, failed to open for business yesterday. No figures known. GREELEY, CoL., July 22.-The Union Bank made an assignment yesterdav. It 18 thought the step was voluntarily taken to avoid a contingency that might arise should some creditor take advantage of the attachment law. The bank is perfectly solvent and not a depositor will lose a dollar. VERNON, TEX., July 22.-The State National Bank of Vernon closed its doors yesterday. Every cent of money was paid out, except ten cents, before the doors were closed. The failure was due to inability to realize on securities. The directors state that depositors will be paid in full. LOUISVILLE, Kr., July 22.-The Kentucky National Bank, this city, closed its doors this morning. Capital stock $1,000,000. paid up. This bank is also a government depository and its last statement showed $190,000 to the credit of the government. The loans and discounts outstanding amounted to $1,719,966, and the surplus was $108,500. MILWAUKEE, WIS., July 22.-The SouthSide Savings Bank did not open its doors this morning. There is a heavy run on the German-American and Merchant's Exchange banks. KNOXVILLE, TENN., July 22.-The State National Bank closed this morning atter opening four minutes. A notice was posted on the door saying: This bank has closed for liquidation. Depositors will be paid in full." MILWAUKEE, WIS., July 22.-The Milwaukee National Bank closed its doors this morning. LAMPASAS, TEX.. July 22.-The private banking-house of J. & L. W. Galbraith failed to open its doors yesterday having made an assignment to J. I. Campbell. Liabilities $60,000; assets. $120,000. A run on the First National Bank started, but it was fortunately in a position to withstand all demands. The depositors in Galbraith's Bank will be paid in full. TOPEKA, KAN., July 22.-The First National Bank of Anthony closed its doors yesterday. Assets, $154,000; liabilities, $50,000. RUSSELL, KAN., July 22.-The First National Bank, of this place, closed this afternoon and was taken possession ot by C. M. Sawyer on the order of the Comptroller of the Currency. No statement is made.

10. July 24, 1893 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, July 24, 1893

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Bank Troubles Since January 1. 1 WASHINGTON, July 22.-Since Jan. nearly 200 national banks have closed their doors, against less than 50 during the same period last year. Of the failures this year five have been United States depositories, as follows: The First national bank of Little Rock, the Gate City national 1 ank of Atlanta, the People's national bank of Denver, the German national bank of Denver, the Kentucky national bank of Louisville. The latter bank which closed its doors today had by the last report received $330,000 of United States funds. The government, however, will not lose anything by these failures, as each national bank that is a government depository has to deposit United States bonds to the amount of government money it is allowed to carry. These bonds, in case of failure, are sold for the account the government and as United States bonds are at a premium in the financial market there is never any difficulty in realizing. Saturday's Bank Failures. LOUISVILLE, July 22. - -The Kentucky National Bank of this city closed its doors this morning. The capital stock is $1,000,000 paid up. This bank is a government depository, and its last statement showed $190,000 to the credit of the government. The loans and discounts outstanding amounted to $1,719,966 and the surplus was $108,500. KNOXVILLE, July 22.-The - State National bank closed this morning. The notice posted on the door says: "This bank has closed for liquidation. Depositors will be paid in full." Liabilities and assets are not known. MILWAUKEE, July 22.-The Milwaukee National bank and South Side Savings bank failed to open their doors this morning. Runs were made on all the leading banks in the city. Cleveland Counts Up. NEW YORK, July 25.-The - Bond Buyer today prints the following: "Just as we go to press we learn that President Cleveland has had made by one of the most

11. July 24, 1893 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, July 24, 1893

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STILL TUMBLING. silver's Depression and Fear of Free Trade Continue to Cause Many Hig Business Failures. LOUISVILLE, Ky., July 24.-The Kentucky National bank with a capital of $1,000,000 has suspended. The bank is the government depository and in the statement of the bank published July 12, the government deposits are placed at $191,731, and deposits of United States disbursing officers $138,268. Resources $2.742,764; liabilities much less. Knoxville.- - The State National bank of this city closed its do ors Saturday. A slight run was made on the City National only, which is just opposite the State, but her depositors were paid in full. The scare was soon over. There is no more uneasiness felt here. Milwaukee. - The Southside Savings bank and the Milwaukee National bank have failed. The closing of the Milwaukee National bank was a surprise even to some of the stockholders. J. M. Perles, who owns a block of the bank's stock, says there is no reason why the bank should have closed except that they were compelled to stand a run. Statements a few days ago showed bank assets exceeding liabilities amounting to between $500,000 and $600,000. Pueblo, Colo.-Judge Hallet, of the U. S. supreme court, has appointed H. E Chubbeck, of Pueblo, Colo., receiver of the Pueblo Street Railway company and the International Trust company. The liabilities are $700,000.

12. July 26, 1893 The Indiana State Sentinel Indianapolis, IN
Article from The Indiana State Sentinel, July 26, 1893

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Three Southern Banks Fail. WASHINGTON, July 22.-In addition to the heavy failure of the government depository at Louisville three other failures of national banks were reported to Comptroller Eckels this morning, the failures occurring in sections wide apart. The failed banks are: The State national bank of Vernon, Tex., capital $100,000; the First national bank of Vernon, Tex., capital $80,000, and the State national bank of Knoxville, Tenn., capital $1,00,000. All these banks are small institutions, the deposits in each being in the neighborhood of $100,000. Governor Cooper, connected with the National bank of commerce of Denver, had an interview with Comptroller Eckels this morning as to the bank resuming business. While not assured, it is probable that arrangements may be perfected by which the bank can resume in a short times. The comptroller has appointed William A. Rice receiver of the Puget Sound national bank of Everett, Wash., and Mr. George B. Hoffman receiver of the Bozeman national bank, Bozeman, Mont.

13. July 27, 1893 The State Republican Jefferson City, MO
Article from The State Republican, July 27, 1893

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FIRE swept away the entire business portion of Edgerton. O., a town of 1,200 inhabitants. the loss being $100,000. A LAWSUIT caused W. R. Shoemaker, of Metropolis, III., to kill George and Richard Lukens and then commit suicide. IN Cincinnati defective sewerage was causing a dangerous landslide and many houses had already been com. pletely wrecked IN Detroit Mascot defeated Hal Point. er and Flying Jib, pacing five heats in less than 2:08 and breaking the world's record. A MOB in Lafayette county. Fla., hanged a negro who assaulted and murdered the 9-year-old daughter of Carr Elliott. FLAMES burned a block at Paulding, O., and part of another, causing a loss of $200,000. THE death of Gen. William Vandever occurred at his residence in Ventura, eas. aged 76 years. He was elected to congress from Iowa in 1858 and reelected in 1860, but resigned his seat to enter the army. Ex-Gov. GEORGE C. PERKINS, of San Francisco, has been appointed United States senator to succeed the late Leland Stanford. A MOB lynched Lee Walker, a negro who assaulted Miss Mollie McCadden (white) and four colored girls at Memphis, Tenn. and then his body was burned: WHILE temporarily insane Allen E. Jones, aged 40 years, living near Texarkana, Ark. beat out the brains of his wife and three children with an ax and then hanged himself. Two SISTERS named Plant, of Nuncia, Mich.; arrived at the world's fair grounds, after walking all the way from Muskegon, Mich., 220 miles. The journey was made in ten days. A FIRE in the Keifer building in New Orleans caused a loss of $100,000 and J. E. McDonald, a fireman, was suffocated. C. W. DE PAUW, the millionaire manufacturer at New Albany, Ind., made an assignment with liabilities of $400,000. IN Detroit Frank Waller, of Indiana, broke the 25-mile bicycle record, making the distance in 1 hour 6 minutes and 10 seconds. IN San Francisco ground will be broken this week for the California Midwinter exposition which is to follow the world's fair. IN the records of the state auditor of Kansas an apparent shortage of $86,000 was discovered in connection with the sale of public school lands. THE Milwaukee national and the South Side savings banks in Milwaukee closed their doors. and the State national bank at Knoxville, Tenn., and First national at Russell, Kan., were forced to suspend. THE world's fair gates were closed on Sunday. THE sawmill owned by Duncan, Bremer & Co. at Duluth, Minn., was burned, causing a loss of $100,000. MRS. McDONALD and her two chil. dren were carried away by masked i menfrom a farmhouse near Fort Wayne, Ind.

14. July 27, 1893 The Comet Johnson City, TN
Article from The Comet, July 27, 1893

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Bank Failure at Knoxville. A run on the State National Bank caused that institution to close i'm doors Saturday morning. Its assets are greatly in excess of the liabilities. Stockholders and depositors will be paid in full. There were thirteen banks in the city, and the State National was the first to succumb to the pressure. Small runs were made on 8, number of other banks. No futher failures are feared.

15. July 27, 1893 The Redwood Gazette Redwood Falls, MN
Article from The Redwood Gazette, July 27, 1893

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issued orders for closing the mills here for six months, as soon as the goods now in process of manufacture are finished. The reason assigned for this action is a lack of orders, except at ruinous prices. This is the first time in the history of this company that work has been ordered to cease on account of the condition of markets, and the result of the present action will be a serious blow to many employes who are dependent upon their earnings in these mills for support. PORTLAND, Me., July 22.-At directors' meeting Thursday It was decided to shut down the mills of the Westbrook Manufacturing company, makers of ginghams, from July 20 to September 4. The monthly pay-roll is $20,000. There are three reasons that unite to cause the shutting down. The goods now being manufactured cannot be sold until October, and no money can be realized on them until next spring. It is not deemed advisable to pile up goods. The mill has been in operation thirty years without a shut-down, and some repairs are necessary. IRON MINES AND FOUNDRIES. PLATTSBURG, N. Y., July 22.-The Chateaugay Ore & Iron company, whose mines and iron foundries are located at Lyon Mountain. closed down Thursday, as also did the Crown Point Iron company mines and iron makers at Crown Point. The cause given is dullness in the iron trade. About 1,000 men are thrown out of employment. The principal stockholders of both companies are New Yorkers. ROLLING MILLS STOPIING. MILWAUKEE, July 22.-The Bay View rolling mills of the Illinois Steel company, which were recertly started up at nearly their full capacity, are gradu11y being closed again, and at the present time not more than half the plant is in operation. Manager Hinton said to-day that the shutting down of the mills was owing to the exceedingly dull condition of everything in these times. ORE BANKS FAIL. LOUISVILLE, Ky., July 24.-The Kentucky national bank of this city has Coded its doors The capital stock is $1,000,000 paid up. The bank is also a government depository, and its last statement showed $190,000 to the credit of the government. KNOXVILLE, Tenn., July 24.-The State national bank closed its doors Saturday. MILWAUKEE, July 24.-The Milwaukee national bank did not open its doors Saturday and the South Side savings bank also suspended. RUSSELL, Kan., July 24.-The First national bank has been forced to suspend. MANCHESTER, N. H., July 24.-The doors of the New Hampshire Trust company, the largest financial institution in tne state, were closed Saturday. A BAD RECORD. WASHINGTON, July 24.-Since the 1st of January nearly 200 national banks throughout the country have closed their doors, against less than fifty during the same period last year.

16. July 29, 1893 Evening Star Washington, DC
Article from Evening Star, July 29, 1893

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Bank Receivers Appointed. The controller of the currency today appointed receivers of insolvent national banks as follows: Charles T. Cates, Jr., receiver of the State National Bank of Knoxville, Tenn.; Louis G. Phelps, receiver of the Merchants' Natonal Bank of Great Falls, Montana.

17. July 29, 1893 Baxter Springs News Baxter Springs, KS
Article from Baxter Springs News, July 29, 1893

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THE SOUTH. STOCKHOLDERS of the Galveston & Western railway voted. to increase the capital stock to $2,000,000, and to build east to the Sabine river, north to Houston and west to San Antonioriver. A THIRD furnace of the Maryland Steel Co., at Sparrow's Point, Md., was banked. throwing all the furnaces which had been in operation out of blast. About 300 iaborers are out of work from the shutdown. THERE was no truth in the report that Virginia state guards had been killed in a battle with outlaws. TEXAS railroad passenger earnings for the quarter ended June 3 last show a slight increase over last year. THE report of Internal Revenue Insbertor Hart is that sugar planters will lose nearly $700,000 by the Rescue crevasse in Iberville parish, La. IN the United States court at Atlanta, Ga., the attorney for the Central Trust Co. filed a bill to foreclose a $14,500,000 mortgage on the Georgia Pacific railroad. This is a part of the reorganization scheme. THE Kentucky national bank at Louisville has assigned. THE State national bank, of Knoxville, Tenn., has assigned. THE City national bank of Louisville Ky., has closed its doors. TEXAS has suffered from rain. sand and wind storms. In McLennan county D. F. Nunnelly was killed by lightning. SAMUEL SPENCER and F. W. Huidekoper have been appointed receivers of the Georgia Central. TEN coach loads of negroes, numbering 500, many of them armed, have been started from Alabama for Pittsburg, Kan., to replace the striking miners there. REV. THOMAS FRANK GAILOR has been consecrated as assistant Episcopal bishop of Tennessee. THREE more bank failures occurred at Louisville, Ky., on the 25th. ONE cowboy and a number of cattle were killed by soldiers during a battle on the north fork of the Arkansas river. THE residence of E. E. Chase, formerly of St. Louis, at Fort Worth, Tex., was destroyed by fire. Loss, $115,000.

18. July 30, 1893 The Times Richmond, VA
Article from The Times, July 30, 1893

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Bank Receiver Appointed. WASHINGTON D. C., July 29.-Comptroller of the Currency to-day appointed Charles T. Cates, Jr., receiver of the State National Bank of Knoxville, Tenn.

19. July 30, 1893 The Morning News Savannah, GA
Article from The Morning News, July 30, 1893

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Receiver for a Knoxville Bank. Washington, July 29.-The controller of the currency to-day appointed Charles T. Cates, Jr., receiver of the State National Bank of Knoxville, Tenn.

20. July 30, 1893 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, July 30, 1893

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Receiver at Knoxville. (By telegraph to the Dispatch.] WASHINGTON, July 29.-The Comptroller of the Currency to-day appointed Charles T. Cates, Jr., receiver of the State National Bank, of Knoxville, Tenn.

21. July 30, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, July 30, 1893

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Bank Receiver. WASHINGTON, July 29.-Comptroller Eckels has ordered Bank Examiner Thompson to take charge of the failed Chamberlain National Bank of Chamberlain, S. D., and Examiner Weirick of the failed First National Bank of Great Falls, Mont. The comptroller of the currency today appointed receivers of insolvent national banks as follows: Charles T. Gates Jr., receiver of the State National Bank of Knoxville, Tenn.; Louis F. Phelps, receiver of the Merchants' National Bank of Great Falls, Mo nt

22. August 5, 1893 The Weekly Thibodaux Sentinel and Journal of the 8th Senatorial District Thibodaux, LA
Article from The Weekly Thibodaux Sentinel and Journal of the 8th Senatorial District, August 5, 1893

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moins dans tout l'Onest. Ainsi parmi les dernière faillites il faut citer : celle de la première banque nationale de la petite ville d'Anthony, Kansas, dont le passif ne s'élève, affirme-t-on, qu'à $50.000, celle de la Kentucky National Bank, de Louisville, qui cause une très grande consternation, et de la State National Bank, de Knoxville, Tennessee. La Kentucky National Bank, était une des plus importantes et passait pour une des plus solides de Louisville. Elle avait été fondée avec un capital d'un million de dollars. Mais ce n'est pas tout. Une véritable panique sévit à la Milwaukee National Bank et une importante caisse d'épargne, connue sous le nom de South Side Savings, ont suspendu leurs payements. Les portes de la plupart des autres banques et caisses d'épargne de la ville ont été assiégées pendant presque toute une journée par des gens affolés et désireux d'en retirer le plus tôt possible l'argent qu'ils y avaient en dépôt. La crise commerciale n'est pas moins grave. Le nombre des faillites commerciales dans tous les Etats-Unis s'est élevé, pendant la semaine, au chiffre extraordinaine de 467.