First National Bank (Middlesboro, KY)

Episode Information

Episode UID
420101113
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
42010 national
Charter Number
4201
Start Date
September 6, 1892
Location
Middlesboro, Kentucky (36.608, -83.717)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
41f5816e9e84e639

Response Measures

None

Receivership Details

Depositor recovery rate
65.0%
Date receivership started
1893-08-12
Date receivership terminated
1902-09-30
OCC cause of failure
Losses
Share of assets assessed as good
44.7%
Share of assets assessed as doubtful
53.1%
Share of assets assessed as worthless
2.3%

Description

Newspaper OCR/ spelling varies (Middlesboro / Middlesborough); known receivership date supplied.

Events (5)

1. January 8, 1890 Chartered
Source
historical_nic
2. September 6, 1892 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bad collections on overdue paper forced the bank to close temporarily; expected to reopen shortly.
Newspaper Excerpt
Kentucky Bank Suspension. MIDDLEBORO', Ky., September 6.-The First National Bank of this place closed its
Source
newspapers
3. July 27, 1893 Suspension
Cause
Macro News
Cause Details
Withdrawal of deposits and inability to realize on securities amid the wide 1893 money-market stringency led to suspension/closure.
Newspaper Excerpt
MIDDLESBORO', KY., July 27.-The First National Bank of this place closed its doors this morning. A notice upon the door reads: This bank closed by order of the directors.
Source
newspapers
4. August 12, 1893 Receivership
Source
historical_nic
5. August 12, 1893 Receivership
Source
newspapers

Newspaper Articles (16)

Article from Richmond Dispatch, September 7, 1892

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Democratic Appointments. The following appointments of Democratic speakers for the State canvass have been made by the State Committee: R. H. CARDWELL. Caroline, September 12th. WALLER R. STAPLES. Giles, September 13th. Essex, September 19th. Montgomery, September 27th. J. HOGE TYLER. Appomattox, September 8th. Botetourt, September 12th. WILLIAM H. MANN. Nansemond, September 12th. Amherst, September 19th. R. C. KENT. Giles, September 13th. Pittsylvania, September 19th. Amelia, September 22d. MEADE HASKINS. Prince Edward. September 19th. Amelia, September 22d. ALEXANDER HAMILTON. Dinwiddie, September 19th. HENRY W. FLOURNOY. Greene, September 14th. JAMES N. STUBBS. Caroline, September 12th. THOMAS SMITH. Salem, Roanoke county, September 12th. THOMAS L. ROSSER. Shenandoah. September 12th. Clarke. September 13th. EPPA HUNTON, JR. Fairfax, September 19th. JOHN T. HARRIS. Rappahannock, September 12th. FITZHUGH LEE. Richmond, September 8th. Fredericksburg, September 9th. SENATOR EPPA HUNTON. Hanover, September 21st. SENATOR JOHN W. DANIEL. Richmond, September 8th. Louisa, September 12th. First District Appointments. HEADQUARTERS FIRST CONGRESSIONAL DISTRICT COMMITTEE OF THE DEMOCRATIC PARTY, HEATHSVILLE, Va., Sep. 3, 1892. The following Democratic appointments have been made by the committee of the First Congressional District. HON. JOHN GOODE. Northumberland, September 12th. Spiral, September, 18th. HON. W. A. LITTLE. Northumberland. September 12th. Essex, September 19th. Westmoreland. September 26th. Middlesex, September 28th. HON. J. N. STUBBS. Caroline, September 12th. LLOYD T. SMITH, Chairman. J. D. Luttrell. Secretary. Kentucky Bank Suspension. MIDDLEBORO', Kr., September 6.-The First National Bank of this place closed its


Article from Pittsburg Dispatch, September 7, 1892

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BUSINESS BREVITIES. I THE amount of tolls paid for foreign vessels passing through the Sault Ste. Marie Falls Canal for 24 hours, ending Monday night, was $808. CHANCELLOR McGILL's order dissolving the coal combine is believed to have averted a big strike arising out of two discharged engineers whom the Reading's president laid off. ALBERT J. MCMULLEN, supposed to be one or the wealthiest farmers in Sinking Valley, Pa., has assigned to Frank McClain, of Altoona. His assets of $35,000 will likely cover his liabilities. THE First National Bank of Middlesboro, Ky., closed its doors at noon yesterday. Bad collections on overdue papers caused it. They expect to be ready for business again in a day or two. THE men employed by the Atlantic Copper Mining Company at Houghton, Mich., have gone out on strike for higher pay and as the price of copper does not warrant such increase the mines have been closed down. THE largest and most important mining deal in the history of the Black Hills has been consumated between an English syndicate and the Bald Mountain Mining Company. It involves the entire mining property and their mammoth chlorinal works in the of the company Bald Mountain mining district. The price paid was $400,000.


Article from The Bottineau Pioneer, September 17, 1892

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MISCELLANEOUS. The First National Bank, of Middlesboro, Ky., has closed its doors. The York iron furnaces will locate at West Superior. The steamer Scandia arrives at New York with cholera on board, thirty-two deaths having occurred on the voyage. The New York Standard, founded by Henry George and for a long time a prosperous weekly newspaper, has passed out of existence. It is said to have been run at a loss for some time. In Milwankee the trouble over the $2,000 bail of Linderfeldt, the embezzling public librarian, was settled, Judge Sloan releasing the bondsmen. Athens, Ohio, has an eight-year-old boy who has doule jointed arms and legs with the singular advantage of bending with equal facility either way. Liebes Bros. & Co., one of the largest tobacco houses at San Francisco, Cal., suspended payment. The bankrupts attribute their failure to the government tying up $250,000 of stock in suits over duties on Sumatra leaf.


Article from Deseret Evening News, July 27, 1893

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banks have ample assets but could not realize. No statement. S. Heuser is president of the First National Thecapital stock is $500,000; surplus, $100,000; undivided profits, $60,000; average deposits $8,250,000. John 1'. Murphy is president of the Montana National. The capital stock is $500,000; surplus, $100,000; undivided profits, $100,000; average deprsits, $1,500,000. It is claimed that the assets are $1,750,000; liabilities, $900,000. The officers say they will eventually pay in full. The First National has a capital and surplus of over $1,250,000; it paid over $100,000 the past week. The Montana National paid out nearly $500,000. The other banks were standing the run well. It was heaviest on the Merchants' National, but big depositors came to the rescue and deposited faster than it was paid out. The ex. citement is subsiding. The falled banks are among the oldest and strongest in the city. Both had ample assets but could not realize fast enough. C. W. Cannon, A. M. Halter and S. C. Ashley, all leading capitalists, have made personal assignments. A KENTUCKY BANK. MIDDLESBORE, Ky,, July 27.-The First National bank failed this morning. No statement. PORTLAND BANKS. PORTLAND, Ogn., July 27.-The Oregon National Bank and Northwest Loan and Trust company failed this morning. A notice on the doors says the cause of suspension is the with. drawal of deposits and the inability to realize on securities.


Article from Richmond Dispatch, July 28, 1893

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Western Bank Suspensions. (Bytelegraph to the Dispatch.) SEATTLE, WARH.. July 27.-A Spokane special says: The First National Bank suspended payment yesterday. The Spokane Savings Bank, connected with the First National, closed at the same time. In a few minutes the news was generally known throughout the city, but it was received quietly, and there was no effect perceptible at any of the other banks. President Glover stated that the bank has only temporarily suspended and that all depositors will be paid in full. HELENA, MONT., July 27.-The First National and Montana National banks failed to open this morning, and a run 18 now in progress on the other banks of the city. LOUISVILLE. Ky., July 27.-The Farmers' Bank of Mt. Sterling, Ky., suspended payment this morning. MIDDLESBORO', KY., July 27.-The First National Bank of this place closed its doors this morning. A notice upon the door reads: "This bank closed by order of the directors. J. P. Sandiford, cashier." PORTAGE, WIS. July 27. - The City Bank closed its doors this evening. The suspension IS due to the condition of the money market. PORTLAND, ORE.. July 27. - The Portland National Bank and the Northwest Loan and Trust Company, of this city, suspended payment this afternoon.


Article from The Morning Call, July 28, 1893

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SAN FRANCISCO, FRIDAY MORNING, JULY 28, 1893. and Wardner was W $500,000. The capital of the Northwest VESSELS WARNED. RELIEF IN SILVER. the semi-finals in i Loan and Trust Company is $250,000 and match between Hob n. surplus $25,000. er ELLENSBURG, Wash., July 27. - The Neel brothers was Chase and Clark def c Ellensburg National Bank suspended payThe French Announce the Ryerson. ement this morning. No statement was Opinions of the New York issued. George B. Markle, president of Blockade. Bimetallists. IN A CELL the two Portland banks which failed tore d day, is also president of the Ellensburg A Deputy Consta Bank, el Rob nHELENA, Mont., July 27.-The First WILL LEND THEIR PRESTIGE. MORE HEAVY BANK FAILURES FRESNO, July 27.National and the Montana National banks rdeputy constable failed this morning. Jones in Texas for ( The closed banks have ample assets but Good and was charg S. could not realize. The Russian Squadron Will Join the Financial Institutions at Portland and one of the leaders d S. Houser is president of the First NaFrench Fleet in Siamese Waters. t Helena Go Under-Business wood gang, was arre tional. The capital stock is $500,000, surof robbery and burg Rosebery's Statement. Reverses in the East. plus $100,000, undivided profits $600,000, I On January 12 d and average deposits $3,250,000. elderly persons, Cha ilThe First National has a capital and was broken into an d surplus of over $1,250,000. It has paid out Special to THE MORNING CALL Special to THE MORNING CALL I choked and robbed s, over $1,000,000 the past week. The Monbeen suspected all W tana National paid out nearly $500,000. BANGKOK, July 27.-The French fleet NEW YORK, July 27.-Among the numerbeen pursuing the nThe other banks stood the run well. ous incidents that tended to fire things up gave notice of the blockade of the Siamclaimed that the pros ri The heaviest was on the Merchants' ese coast to-day, all outgoing vessels being case. Ball was fix in Wall street to-day the most important st National, but the big depositors came to warned to clear by Saturday or be tied up. was the engagement of $1,000,000 in gold failed to obtain it up the rescue and deposited faster than it was The blockade will extend along the entire in London by Lazard Freres and a further locked up in a ce paid out. north coast of the gulf. There is little Childers denies the drop in the rate of sterling exchange. The The failed banks are among the oldest doubt among the foreigners that it is the feature of the day's operations was the will get even with 1 and strongest in the city. intention of the French to make Siam a purchases of securities for investment. sational developmen C. W. Cannon, A. M. Holter and S. C. French colony, and unless England interForeign buyers were especially active, and Ashley, all leading capitalists, have made THREATENING a conservativa estimate but on foreign feres there is little hope that the French personal assignments. d will desist from extreme measures, alpurchases placed them at 40,000 shares. John T. Murphy is president of the MonA Wisconsin Firm though it is known to them that the GovThe clearing-house committee were in tana National; capital stock, $500,000; Prote ernment of Siam is exceedingly anxious session until the afternoon. The long consurplus, $100,000; undivided profits, $100.to avoid war. MILWAUKEE, Jul ference gave the "fakers" an opportunity 000; average deposits, $1,500,000. It is to-night received a PARIS, July 27.-After the conference to start the report that a large bank was claimed the assets are $1,750,000, and the between the British Embassador and the troops to protect the in trouble. and the announcement of the liabilities $900,000. The officers say the Lumber Company o issue of $1,350,000 clearing-house certifiFrench Foreign Minister this afternoon bank will eventually pay in full. pany asserting tha the following semi-official statement was cates lent some strength to the report. EXETER, N. H., July 27.-The National strikers who have re issued: "It may be taken for granted that Clearing-house officials said their long Granite State Bank temporarily suspended and are using force 1 France intends to settle the questions of session was due to the large amount of this morning. The institution is declared men going to work. treaty violation and national dignity crework before them in the way of shifting perfectly sound. The embarrassment was that the request n ated by Siam's attitude. France's rule of leans, caused largely by the great deprecicaused by the drainage of cash and Sheriff of the county. action will be not to allow foreign interation In prices yesterday. They emphatdelayed remittances from Boston. Imone from Ashland to ference." ically denied the story of a bank being in mediate resumption is expected. trouble. A local paper publishes a St. Petersburg eMIDDLESBORO, Ky., July 27.-The First dispatch to the effect that the Czar has orSterling exchange was demoralized this of DREAD AN National Bank failed this morning. The dered Vice-Admiral Tirtoff, commander of morning. The posted rates were reduced officers of the bank refuse to talk, and it is by the Russian Pacific squadron, to proceed twice, the last time to $4.811/2 and impossible to get either the assets or liabilre to Siam at all available speed. There were heavy parebases of stock on ities. 568 effect on business will be seriit is understood Russia intends to remain foreign accounts. The striugency in Denver Citizens ous, as most of the merchants here were 88 neutral in the French-Siam dispute. money and the increase in the supply of depositors. at LONDON, July 27.-The Pall Mall Gazette Unem bills against grain and cotton caused deof PORTAGE, Wis., July 27.-The Qity Bank moralization. The actual rates are below says this evening that it learns from a high cof Portage closed ite doors to-day. It authority that the Franco-Siamese diffithe gold-importing point. When-delivery is capitalized at $25,000. H. Breese, ex-see enity bas been settled, France having hour passed at the Stock Exchange withm retary of the State, was president of the The Hungry and out the announcement of further failures agreed 19 accept Siam's proposals and to bank. f ing Into the abandon its claims to territory between prices fairly soared, advancing almost as th MOUNT STERLING, Ky., July 27.-The Thous the eighteenth and twenty-third parallels. quickly as they declined yesterday. anew Farmers' Bank closed this morning. In the Lords this evening Rosebery Owing to the low rate of exchange 807g, The failure was caused by an inability to announced that he could not make a full eral large houses considered it a favorable realize on its paper. The deposits amount d time to purchase gold. and this evening it statement regarding the Sispese matter Special to THE to about $3,000,000. The bank holds first was learned that besides the order of until a report had been received from Lord class paper to the amount of $600,000. n Lazard Freres, mentioned above, enough Dufferin in Paris. From the outset, he This evening the officers of the Traders' se DENVER, July 27. said, Great Britain had contined itself to orders have been sent to bring the total Deposit Bank decided to suspend owing to g Italian Arata last nig purchases of gold in London for the providing for the safety of British lives and the heavy run during the day. The bank be United States to nearly $3,000,000. mense ero of idle interests in Bangkok. It had from the eowes $150,000 and has $390,000 of good in Denver what can Delegates from this city to the bimetalbeginning avoided giving advice to Slam, assets. er beyond the occasions when she had asked lic convention to be held at Chicago next violence, and their SPARTA, Wis., July 27.-M. A. Thayer's for it, but had urged her to make terms as of many citizens tha week to-day adopted a lengthy set of reso-. bank and the Bank of Sparta closed to-day. 8. quickly as possible with her powerful lutions, setting forth that the official stasize, having for its p The liabilities of the former are $175,000 se tistics show that the market price of silver neighbor. Nevertheless the British Govthe city, may break 0 and the assets $225,000. The liabilities of nThe thousands of L ernment was not indifferent to the events the latter are $210,000 and the assets bullion has controlled prices for most proits $360,000. already here are bein now passing in Siam. Her great commerducts of American labor, and especially


Article from The Herald, July 28, 1893

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Deposit bank decided to suspend, owing to a heavy run during the day. The bank owes $150,000, and has $390,000 good assets. MIDDLESBORO, Ky., July 27.-The First National bank failed this morning. The officers of the bank refuse to talk, and it is impossible to get either the assets or liabilities. The effect on business will be serious, as most of the merchants here were depositors.


Article from The Progressive Farmer, August 1, 1893

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suspended, and all the depositors will be paid in full. HARRISBURG, Pa, July 27.-The American Tube Iron Company, located at Middletown, has gone into the hands of a recei er. The company has no mortgages, judgments, or bonded indebtedness against it, but could not raise funds owing to the stringency of the money market. It is one of the largest concerns of the kind in the country, employing 1,500 hands. It makes all kinds of wrought iron pipe and tubing. LOUISVILLE, Ky, July 27. - The Farmers' Bank, of Mt. Sterling, Ky., suspended payment this morning. MIDDLESBORO, Ky., July 27.-The First National Bank, of this city, closed its doors this morning. The notice upon the door reads: "This bank closed by order of the directors. J. P. Standiford, cashier" HELENA, Mont, July 27.-The First National and Montana National Banks failed to open this morning A run is now in progress on the other banks of the city. PORTAGE, Wis., July 27 -The City Bank closed its doors this morning. The suspension is due to the condition of the money market. PORTLAND, Ore., July 27.-The Oregon National Bank and the Northwest Loan and Trust Company, of this city, suspended this morning. CINCINNATI, O., July 27.-The Deer Creek Cotton Mills, Fifth street and Egleston avenue, and the belting factory on Plum and Canal street, controlled by Henry Pearce Sons Company, shut down indefinitely to day, throwing 500 hands out of employment. The dull trade is the cause given. NEW YORK, July 27.-The governing committee of the New York stock exchange decided not to take any action looking to the closing of the stock ex change for a few days, which was suggested in some quarters yesterday.


Article from Watertown Republican, August 2, 1893

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TWO HELENA BANKS FAIL. Financial Crash Experienced in the Metropolis of Montana. HELENA, Mont., July 27.-The First National and Montana National banks failed to open this morning. A run is now in progress on the other banks of the city. The run is confined principally to the Merchants' National Bank which is paying everybody. They are confident that they will be able to stand the run. The two closed banks have ample assets but cannot realize on them. D. S. Hauser is president of the First National, The capital stock is $500,000; surplus, $100,000; undivided profits, $600,000, and deposits, $3,250,000. John I. Murphy is president of the Montana National. The capital stock is $500,000; surplus, $100,000; undivided profits, $100,000, and deposits, $1,500,000. PORTLAND, Ore., July 27.-The Oregon National Bank and the Northwest Loan and Trust Company, kindred institutions, failed to open their doors this morning. A notice on the door says: "Owing to withdrawal of deposits and the inability to realize on securities this bank is forced to suspend." MIDDLESBORO, Ky., July 27.-The First National Bank of this place closed its doors this morning. The notice upon the door reads: "This bank closed by order of directory."


Article from Grant County Herald, August 3, 1893

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OUT OF CASH. Many Banks in Various Localities Forced to Close Their Doors. Milwaukee, July 29.-A dispatch from Port Washington says the German American bank at that place has failed. Another special says Seymour's bank at Chippewa Falls also failed. CHIPPEWA FALLS, Wis., July 29.Seymour's bank of this city closed its doors yesterday. PORTLAND, Ore., July 29.-The Union Banking company of this city made an assignment yesterday. PORT WASHINGTON, Wis., July 29.-The German-American bank of this city closed its doors yesterday. STANTON, Mich., July 29. - C. W. Chopin & Co.'s bank here closed yesterday with a crowd of depositors at its doors. COVINGTON, Ind., July 29.-The Farmers' and Merchants' bank of this city closed up at 1 o'clock yesterday. ExUnited States Treasurer Nebeker is the president. MIDDLESBORO, Ky., July 29.-The First national bank of this place closed yesterday. GREAT FALLS, Mont., July 29.-The First national bank here suspended yesterday owing to the Helena bank's suspension. WASHINGTON, July 30.-Bank failures were reported to the comptroller as follows yesterday: First national at Kankakee, Ill.; Dollar savings bank at Youngstown, O.; Citizens' Savings and Loan association at Akron, O.; Commercial national, Ainsworth national and Portland savings banks at Portland, Ore.; Commercial at Eau Claire, First Wis.; Savings at Baraboo, W Exnational at Ashland, Wis., and change at Nunda, 111. WASHINGTON, Aug. 1.-Bank failures were reported as follows yesterday: First national at Portland, Ore.; First national at The Dalles, Ore.; Pendleton savings at Pendleton, Ore.; Bellingham Bay national at Whatcom, Wash.; Springfield savings at Springfield, Mo.; Akron savings at Akron, 0.; private bank of A. Daniels & Co. at Cedar Rapids, Ia.; private bank of J. W. Case at Astoria, Ore., and Park national at Livingston, Mont.


Article from Eagle River Review, August 3, 1893

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TWO HELENA BANKS FAIL. I Financial Crash Experienced In the Metropolis of Montana. HELENA, Mont., July 27.-The First National and Montana National banks failed to open this morning. A run is now in progress on the other banks of the city. The run is confined principally to the Merchants' National Bank which is paying everybody. They are confident that they will be able to stand the run. The two closed banks have ample assets but cannot realize on them. D. S. Hauser is president of the First National, The capital stock is $500,000; surplus, $100,000; undivided profits, $600,000, and deposits, $3,250,000. John I. Murphy is president of the Montana National. The capital stock is $500,000; surplus, $100,000; undivided profits, $100,000, and deposits, $1,500,000. PORTLAND, Ore., July 27.-The Oregon National Bank and the Northwest Loan and Trust Company, kindred institutions, failed to open their doors this morning. A notice on the door says: "Owing to withdrawal of deposits and the inability to realize on securities this bank is forced to suspend." Middlesboro, Ky., July 27.-The First National Bank of this place closed its doors this morning. The notice upon the door reads: "This bank closed by order of directory."


Article from The Middleburgh Post, August 3, 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. MORE BANKS ARE REOPENING.-The comptroller of the currency is advised that the Hutchinson national bank of Hutchinson, Kan., which failed sometime ago. is pre paring to resume business. The First National Bank of Cisco. Tex., which suspended, has been permitted to reopen its doors. Business men of Pueblo, Col., declared their faith in Colorado's business stability and denounced the intemperate languageof the rabid silverites. Parkhust & Wilkinson. iron merchants, Chicago. assigned. Assets estimated at $1,000,000. Ripley & Bronson, :iron merchants, St. Louis, assigned. assets $150,000; liabilities about the same. The suspended Queen City Bank. Buffalo, N.Y., will resume business the first week of August with a capital reduced to $300,000. At Findlay, O., the Farmers National Bank closed its doors. Depositors will be paid in full. The J. Oberman Brewing Company, Milwaukee, assigned. The bank panic at Milwaukee is over. Financial disturbances at Louisville, Ky., are over. In the banks every depositor who wanted his money got it. Some of the suspended banks, it is said, will soon resume. At Lacrosse, Wis., the private bank of John Dienlokken has closed its doors. At Portage, Wis., the German Exchange Bank has failed, At Helena. Mont, the First National bank and the Montana National bank suspended. Both has ample assets and will pay in full. At Middlesborough, Ky., the First National Bank has closed its doors. At Portland, Ore., the Oregon National Bank and the Northwest Loan and Trust Company suspended. At S okane, Wash., the First National Bank. paid up carital $200,000, and the Spokane Savings Bank, its dependent. ten porarily suspended. At Portage, Wis., the City Bank closed its doors. At Mt. Sterling, Ky., the Farmers' bank closed its doors.


Article from The Camden Chronicle, July 26, 1895

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CAPITAL GOSSIP. ITEMS OF NEWS PICKED UP AT THE NATIONAL CAPITAL Sayings and Doings of the Official Heads of the Government. Saturday's statement of the condition of the treasury showed available cash balance $19,297,960; gold reserve, $107,259,003. First Assistant Postmaster General Jones, has issued an order to postmasters throughout the country, forbidding the issue of money orders payable on their own offices. The order can be issued on a sub-station. The United States battle ship Atlanta has sailed from Santiago de Cuba for Key West, where she will pursue her work of looking after fillibustering expeditions and probably relieve the Raleigh of that task on the Florida coast. The comptroller of the currency has declared dividends in favor of the creditors of insolvent national banks as follows: Ten per cent. the First National bank of Middlesborough, Ky. 5 per cent. the First National bank of Wilmington, N. C. The internal revenue bureau has practically completed the work of recording and scheduling the reiurns received under the income tax act and very soon will be ready to begin the work of refunding the amounts paid before the act was declared unconstitutional. For the first time this month treasury receipts exceed the expenditures: The excess was light, only $4,418, but it marks a turn in the tide outward. The receipts this month have aggregated $16,218,000 and the expenditures $30,047,000. The deficit for the month 80 far of $13,828,000 will probably be considerably reduced before the 1st of August, as the heavy payments-pensions and interest aggregating $18,000,000-have been made. The treasury department has resumed the issue of gold certificates, which had been suspended during the period when the treasury gold reserve was below $100,000,000. Since June 25th last, when the gold reserve again became intact, the treasury has issued about $200,000 gold certificates on gold paid mostly at United States mints. There are now outstanding $43,376,000 in gold certificates, with $172,180 in the treasury, the remainder being in circulation. Milliken May Surrender. It is more than probable that Benjamin H. Milliken, who was indicted some days ago for breaking into and entering the residence of Judge Samuel F. Phillips, with intent to feloniously assault the latter's daughter, Gertrude, will surrender himself to the authorities in a few days. Mr. William A. Milliken, of the postoffice department, a brother of the indicted man, called upon District Attorney Birney in relation to the case. Beyond admitting that much, Mr. Birney would say nothing more as to the object of Mr. Milliken's call upon him, but the district attorney remarked significantly that he would not be the least bit surprised if the accused man surrendered himself within a short period. Foreign Gold Shipments. Secretary Carlisle has no opinion to express on the financial situation or as to the resumption of gold shipments abroad. The general feeling among treasury officials is that the small shipment of last Saturday, $250,000, of which but $125,000 was taken from the New York sub-treasury, is not the beginning of continuous and larger shipments, and that the BelmontMorgan syndicate will continue to supply sterling exchange according to the terms of their contract, which does not expire until October 1st next. Since Saturday the treasury gold reserve shows a loss of $232 000 stand


Article from The Comet, August 11, 1898

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Trusts Consolidated. In the interest of the creditors the First National Bank of this city, Second National of Columbia, Tennessee, First National of Wilmington, North Carolina, and First National of Middleboro, Kentucky, have been consolidated under one trust and the Hon. Homer J. Clark, of Illinois, appointed receiver of the consolidated trust. Mr. Clark is in Johnson City this week taking charge of the affairs of First National Bank here. The former receiver, John I. Cox, is now here checking up and making the transfer. Mr, Clark has not heretofore been connected with the government as a bank examiner, but is a prominent citizen of Illinois and an excellent gentleman. The creditors of the institutions in his care need have no uneasiness about his management of affairs. Their interests will be carefully considered under all circumstances. The retiring receiver of the bank, at this place, Mr. J. I. Cox, has been a faithful official and with his competent assistant, Mr. T. A. Cox, retires with the good wishes of the creditors, whose interests they have so zealously guarded.


Article from Semi-Weekly Interior Journal, March 3, 1899

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THE $80,000 worth of nominal assets, consisting of notes, &e., of the First National Bank of Middlesboro, was sold by the receiver at auction to R C. Ford for $780 and they were doubtless high at that.


Article from Hopkinsville Kentuckian, April 18, 1899

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The affairs of the First National Bank at Middlesboro have been wound up by the receiver.