433401122 43340
national
f5f25a1fbf95ebabFull suspension, Books examined
Click image to open full size in new tab
THE SILVER ISSUE. Prices Higher in London. but a Panic in Denver-The Extra Session. DENVER, Col., July 1, 1893.- - The First National Bank at Rico closed its doors today because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dismissed from work were paid with checks on the bank and they are clamoring for coin. All business firms have shut down on credit.
Click image to open full size in new tab
BANK DOORS CLOSED. The Building Surrounded by Angrv Miners Who Threaten Violence. DENVER, July 1.-The First National bank at Rico closed its doors to-day, owing to a run which exhausted the funds. The miners who were discharged by the closing of the mines were paid off in checks on the bank and have surrounded the building threatening violence. The situation is critical.
Click image to open full size in new tab
Action in Western Bank Failures. Controller Eckels today appointed J. H. Adams receiver of the failed Citizens' National Bank of Spokane, Wash. He also directed Bank Examiner Swan to take charge of the failed First National Bank of Provo, Utah. and Bank Examiner Latimer to take charge of the failed Nebraska National Bank of Beatrice. The First National Bank of Rico, Colo., which has also failed, will be placed in the hands of a bank examiner during the day. All the banks are small institutions.
Click image to open full size in new tab
Denver Banks Can't Stand the Run by Ex. cited Miners. DENVER, June 30.-The First National Bank at Rico closed its doors to-day because of a run. Matters are decidedly critical. for the miners are excited and talk wildly of bloodshed. Those dismissed from work were paid with checks on the bank and they are clamoring for coin. All business firms have shut down on credit. The First National Bank of Provo suspended to-day: assets. $90,000; liabilities. $55,000.
Click image to open full size in new tab
BANKS CLOSE THEIR DOORS. At Rico, Colo., the Miners Are Excited and Talk of Shedding Blood. SALT LAKE, UTAH, July 1.-The First National/Bank of Provo closed its doors yesterday morning. A. O. Senoat is president and W. H. Dusenberry cashier. The assets are $115,000 and the liabilities are the same. Inability to make collections is the cause of failure. GEORGETOWN. COL., July 1. - The bank of Clear Creek county made an assignment yesterday. The assets amount to $397,000, while the liabilities are but $223,000. DENVER, COL., July -The First National Bank of Rico closed its doors yesterday because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dismissed from work were Said with checks on the bank and they are clamoring for coin. All business firms haye shut down on credit. FORT WORTH, TEX., July 1.-The Exchange Bank at Iowa Park closed its doors yesterday. The liabilities and assets are unknown here, but it is believed the depositors will be paid in full. A sudden withdrawal of deposits caused the suspension.
Click image to open full size in new tab
In the Care of Bank Examiners. WASHINGTON. July 1.-Comptroller Eckels to-day appointed J. H. Adams receiver of the failed Citizens' National Bank of Spokane. Wash. He also directed Bank Examiner Swan to take charge of the failed First National Bank of Provo. Utah. and Bank Examiner Latimer to take charge of the failed Nebraska National Bank of Beatrice. The First National Bank of Rico. Col., which has also failed. will be placed in the hands of a bank examiner during the day. Comptroller Eckels was informed this afternoon of the failure of the First National Bank of Phillipsburg. Mon. Capital. $50,000.
Click image to open full size in new tab
MORE WESTERN BANKS CLOSE THEIR DOORS. Denver, July -The First National Bank at Rico closed Its doors yesterday, because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dismissed from work were paid with checks on the bank, and they are clamoring for coin. All business firms have shut down on credit. GeorgeTown, Col., July 1.--Owing to the unexpected demands made during the last few days, the Bank of Clear Creek County made an assignment yesterday morning to Lafayette Hanchett. A placard was hung upon the window of the bank announcing as follows: s If conditions change so that we can obtain money on our securities, we shall resume at once." The assets of the institution are more than ample to meet very obligation. They amount to $397,000, while the liabilities are only $233,000. Salt Lake City, Utah, July 1.-The First National Bank of Provo closed its doors yesterday morning. A. O. Senoat is president, and W. H. Dusenberry cashier. The assets are $115,000, and the liabilities are the same. Inability to make collections or rediscounts is the cause of the failure. Officials expect the bank will soon resume business. Beatrice, Neb., July 1.-The Nebraska National Bank and American Bank failed to open their doors this morning. Each bank had a capital of $100,000. Washington, July 1.-Controller Eckels to-day appointed J. H. Adams receiver of the failed Citizens' National Bank of Spokane, Wash. He also directed Bank Examiner Swan to take charge of the failed First National Bank of Provo, Utah, Bank Examiner Latimer to take charge of the failed Nebraska National Bank of Beatrice, and Bank Examiner Aubry, to take charge of the First National Bank of Rico, Col. All the banks are small institutions.
Click image to open full size in new tab
Failures. BEATBICE, Neb. 3.-The Nebraska National bank and American bank have failed. Each bank had a capital of $100,000. Washington.-Comptroller Eokles appointed J. H. Adams receiver of the failed Citizens' National bank, of Spokane, Wash. He also directed Bank Examiner Swan to take charge of the failed First National bank of Provo, Utah, and Bank Examiner Latimer to take charge of the failed Nebraska National bank of Beatrice. The First National bank of Rico, Colo., which has also failed, will be placed in the hands of a bank examiner.
Click image to open full size in new tab
Clamoring for Coin. DENVER. July 3.-The / First National bauk of Rico closed its doors because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dismissed from work were paid with checks on the bank and they are clamoring for coin. All business firms have shut down on credit.
Click image to open full size in new tab
Clamoring for Coin. DENVER. July 3.-The First National bank of Rico closed its doors because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dismissed from work were paid with checks on the bank and they are clamoring for coin. All business firms have shut down on credit.
Click image to open full size in new tab
Clamoring for Coin. DENVER. July 3. -The - First National bank of Rico closed its doors because of a run. Matters are decidedly critical, for the miners are excited and talk wildly of bloodshed. Those dismissed from work were paid with checks on the bank and they are clamoring for coin. All business firms have shut down on credit.
Click image to open full size in new tab
Act "P to and including yesterday the end of the fiscal year, was 156,664,590 fine ounces, costing $147,138,375. Its worth at 62c. per fine outice is $92,132,046 to-day, showing an actual loss of $55,000,000. These figures are official, and will be in an official ment. statement soon to be issued from the DepartDenver, July 1.-The silver question is still the absorbing topic throughout Colorado. The managers of the various smelting works reiterate their intention of closing their plants in accordance with the resolution adopted at Thursday's meeting. This does not mean that the fires will be damped down immediately, but will be confined to the treatment of ores on hand, no more being received from any source. Smelters practically an nounced their intention to do this some days ago, and it is thought that the stopping of the output of silver in Colorado will not throw the thousands of miners out of employment for some weeks. The case is different with the silver mines in Colorado. Many great mines closed at Leadville yesterday, and several thousand men are out of work. The mines have also beenclosed at Rico, Creede, Aspen and elsewhere. Merchants throughout the State are countermanding orders for goods from the East. The Cleer Creek County Bank at Georgetown has closed its doors, Its assets are $392,000, and its liabilities $233,000. The reasons given for the suspension are the tightness of money and the fall in silver. The First National Bank at Rico, Colorado, has also closed its doors. The miners are excited, and threaten violence. Men dismissed from work were paid with cheques on the bank, and they are clamouring for their money.-- Daily Tslegramh, July 3rd.
Click image to open full size in new tab
SUSPENDED BANKS RESUME BUSINESS. Washington, Aug. 16.-The First National Bank of Rico, Col., which suspended payment on June 30, 1833, having complied with the conditions imposed by the Controller of the Currency, and its capital stock being unimpaired, was to-day permitted to reopen its doors for business. Kansas City, Mo., Aug. 16.-The Armourdale Bank, at Armourdale. which suspended business in the financial crash in the two Kansas Cities one month ago, yesterday reopened Its doors and resumed busines Fort Scott, Kan., Aug. 16.-The First National Bank of this city, which suspended on July 18, resumed business this morning. Bank Examiner Latimer, of Sedalia, who has been in charge since 10
Click image to open full size in new tab
Will Resume Business. WASHINGTON, Aug. 17.-The First National bank of Rico, Colo., which suspended payment June 30, 1893, having complied with the conditions imposed by the comptroller of the currency, has been permitted to reopen its doors for business.
Click image to open full size in new tab
NEWS IN BRIEF. / Matters of More or Less Importance Tersely Touched Upon. Emma Rice, wife of the cowboy evangelist, was rotten egged by a mob in Chicago while preaching on the street. Seven valuable St. Bernard dogs, owned by Dr. Arthur Rutter, a dog fancier, 628 Vernon avenue, Long Island City, were poisoned by unknown persons. The Chilian claims commission have adopted rules for procedure and adjourned to meet Oct. 9, when the adjudication of claims will begin. These claims date back many years and do not grow out of the assault of the Baltimore sailors. The First National bank of Rico., Colo., which suspended payment in June, having complied with the conditions imposed by the comptrollor of the currency, and its capital stock being unimpaired, has been permitted to open its doors for business.
Click image to open full size in new tab
Friday, Aug. 18. Emma Rice, wife of the cowboy evangelist, was rotten egged by a mob in Chicago while preaching on the street. Ernest Osmond, an English bicyclist, covered two miles on a safety in 4 minutes 24 2-5 seconds, breakingall records. Seven valuable St. Bernard dogs, owned by Dr. Arthur Rutter, a dog fancier, 828 Vernon avenue, Long Island City, were poisoned by unknown persons. A. A. Zimmerman won the one mile open, the half-mile international and the one-fourth mile open at the Ripon, (Wis.) bicycle tournament Thursday. The First National bank of Rico., Colo., which suspended payment in June, having complied with the conditions imposed by the comptrollor of the currency, and its capital stock being unimpaired, has been permitted to open its doors for business.
Click image to open full size in new tab
Financial and Commercial. The Backbone of the currency famine in Eastern cities appears to be almost broken. The First National bank, of Rico, Col., which suspended payment in June, on Thursday reopened its doors for business, The First National Bank, of Dubuque, Ia., has suspended. At Leadville, Col., 'the American National Bank, which closed July 1, opened its doors for business.
Click image to open full size in new tab
Friday, Aug. 18. Emma Rice, wife of the cowboy evangelist, was rotten egged by a mob in Chicago while preaching on the street. Ernest Osmond, an English bicyclist, covered two miles on a safety in 4 minutes 24 2-5 seconds, breakingall records. Seven valuable St. Bernard dogs, owned by Dr. Arthur Rutter, a dog fancier, 828 Vernon avenue, Long Island City, were poisoned by unknown persons. A. A. Zimmerman won the one mile open, the half-mile international and the one-fourth mile open at the Ripon, (Wis.) bicycle tournament Thursday. The First National bank of Rico., Colo., which suspended payment in June, having complied with the conditions imposed by the comptrollor of the currency, and its capital stock being unimpaired, has been permitted to open its doors for business.
Click image to open full size in new tab
Three of the suspended national banks of Denver have resumed business again. They are-the National Bank of Commerce, the People's national and the Union national. The Central national of Pueblo, the Greeley national of Greeley, the American national of Leadville, and the First national of Rico, have also resumed. This shows that confidence is returning and the outlook for Colorado much brighter.