Peoples Bank (Pomona, CA)

Episode Information

Episode UID
617040091122
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
61704009 hash
Start Date
June 22, 1893
Location
Pomona, California (34.055, -117.752)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b4cf0dc51c3e636d

Response Measures

None

Events (2)
1. June 22, 1893 Suspension
Cause
Macro News
Cause Details
Temporary closure due to the general financial stringency/panic affecting California banks in June 1893.
Newspaper Excerpt
Owing to the existing financial stringency, the board of directors of this bank have decided to temporarily close its doors. Depositors will be paid in full.
Source
newspapers
2. July 19, 1893 Reopening
Newspaper Excerpt
Every one in our town was glad to see the doors of the People's bank thrown open this morning at 10 o'clock, for the resumption of business. (also reported: The People's bank, Pomona, Cal., re-opened yesterday. The deposits were large and the withdrawals small.)
Source
newspapers

Newspaper Articles (16)
1. June 23, 1893 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, June 23, 1893

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

2. June 23, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, June 23, 1893

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

3. June 23, 1893 The Herald Los Angeles, CA
Article from The Herald, June 23, 1893

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A Pomona Bank Fails to Open. POMONA, June 22.-The People's bank did not open this morning. This notice was on the door: "Owing to the exieting financial stringency, the board of directors of this bank have decided to temporarily close its doors. Depositors wfll be paid in full." A statement for the press was promised later today. There is very little excitement. The belief is general that the bank is perfectly solvent. At the First National and the National Bank of Pomona no runs are in progress, and the officers report the transactions such as usually occur.

4. June 23, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 23, 1893

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BUSINESS TROUBLE The People's Bank, of Pomons, Cal., suspended a June 22. W. B. Dole is president and John R Date cashier. Baird & Bradley, a well-known real estate in of Chicago, failed on June 22 with $400,000 liabilities and $600,000 assets, a McD. White, of the Consolidated Stock Ex. change, New York, announced his inability, on Jace of to the his contracts. Herry Shildan & Co., coffee and tea commisdos InerchAnts in New York city. failed on fise 22 with $000,000 liabilities, s receive was appointed on June 22 for the Anderson led Iron and Bolt Company, whose liabilities are $ 4,000 and assets $93,000. Cresby & Nov 08, contractors and builders, and Beaning c. manufacIn was Bakton, Noyes assigned & Ca. on furniture June 22 The Ridgeway. Pa. bank failed on June 22, and $216.000 liabilities. D. C Opeter is president and I D Bell cashier. A & Rhrs & Son, well known grain dealers and merchants of Nashville, Tena, liquidation with debts amountthe First National bank and Commercial back el Bobta Alls. Cal., closed on June 22, swing # to heary withdrawals of depositors. J. is L Lacola Calkin cashier president of the and former, A as G. - Edwards president and . a Metca cashion of the latter. It was NO. period that the Usmage of Ane, of into NO which N. County Palmer Savings is president bank. Major of which 4. 411 Cal, E. cashier, A. Guy and Smith the Bank is president of Tus D. Bay cashier, had also suspended for manne reason is of notice having been reedited from the clearing house that the paper the Facito Not of can Francisco, would not meccepted? tter, the directors of the bank a ou this night of Jube 23 not to open the bank tots) R 11. McDousld is president WE V. Methodald cashier. The bank's paid " capital alici is $1,000,000, reserve $700,000, Supposite and loans $2,300,000. The at the bank may result in a suspension of the People's Home bring Max. 6, collateral Institution under practically 11.0 the management, with a guaralsed capital and of $1,000,000, one-third of Ohies in paid up, and deposits amounting w are

5. June 23, 1893 The Roanoke Times Roanoke, VA
Article from The Roanoke Times, June 23, 1893

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Financial Failures Yesterday POMONA, Cal., June - The People's Bank did not open this morning. This notice was on the door: "Owing to the existing financial stringency the board of directors of this bank have decided to temporarily close its doors. Depositors will be paid in full." NASHVILLE, Tenn., June 22.-B. T. Rhea & Son, grain dealers, assigned for the benefit of their creditors to-day. Liabilities $100,000, with about equal assets. Local banks are the largest creditors. NEW YORK, June 22.-The Post announces the failure of Henry Sheldon & Co., the well known tea and coffee firm. They are highly rated in the commercial agencies and have resources between $200,000 and $300,000. BIRMINGHAM, Ala., June 21.-There was a run on the First National Bank, the strongest financial institution of this city, to-day, caused by idle gossip connected with the failure of the Tennessee Coal, Iron and Railroad Company to pay its employes last Saturday. It was checked, however, without damage being done.

6. June 23, 1893 The Record-Union Sacramento, CA
Article from The Record-Union, June 23, 1893

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CONFIDENCE RESTORED. The Run on the Los Angeles Banks Appears to be Over. THOSE WHO WITHDREW FUNDS REDEPOSITING THEM. Another Concern at San Diego Forced to Temporarily Suspend-The People's Bank at Pomona Closes Its Doors-Heavy Withdrawals Cause Two Banks at Santa Ana to Close for the Present, Though Both are Said to Have Ample Assets.

7. June 23, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, June 23, 1893

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

8. June 27, 1893 The Progressive Farmer Raleigh, Winston-Salem, Winston, NC
Article from The Progressive Farmer, June 27, 1893

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PITTSBURG, Pa., June 16.-Judgments and executions were filed in the Prothonotary's office this morning against the Duquesne Tube Works Company for $350,000. Anexactstatement of the account cannot at this time be obtained. It is stated that nearly the entire debt of the company is included in the judgment. This is secured by the property of the company. RIDGEWAY, Pa, June 22.-The Ridge way Bank a private institution. closed its doors this morning. The officers of the bank say all the depositors will be paid in full as soon as the assets can be realized on. POMONA, Cal, June 22 - -The People's Bank did not open this morning and this notice was on the door: Owing to the existing financial stringency, the board of directors of this bank have decided to temporarily close its doors. Depositors will be paid in full." GREENVILLE, Mich, June 22 -The City National Bank, of this city, was closed this morning by order of Bank Examiner Caldwell. No statement of the bank's condition has yet been made public. OMAHA, Neb., June 27. Sloan, Johnston & Co., wholesale grocers, have assigned. Liabilities up wards of $300,000; assets about $80,000. NEW YORK, June 22. -The Post announces the failure of Henry Sheldon & Co., a well-known tea and coffee firm. They are highly rated in commercial agencies. The resources are between $200,000 and $300,000. NASHVILLE, Tenn., June 22.-B. T. Rhea & Son, grain dealers, assigned for the benefit of their creditors to day. Liabilities estimated at $100,000, with about equal assets. The local banks are the largest creditors:

9. June 29, 1893 Echo De L'ouest Minneapolis, MN
Article from Echo De L'ouest, June 29, 1893

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

10. June 30, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, June 30, 1893

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MONEY MADE EASY. Bankers Are Tired of the Storm. TOO MUCH OF A STRAIN. And So They Have Set About Remedying the Evils at Present Existing. Special to THE MORNING CALL call YORK, June 29. The highest rates for figures NEW reached the They since the present and interest, loans to to-day 3-16 per diem stringency per annum. set The in. equal pinch to was about 741/2 this rose per cent morning Efforts particularly banks were made take severe to out have large the the amounts first Clearing- of the of house certificates to tide over and they loan the critical period, asked for month, successful. as the banks issued $6,300,000 and proved the loan committee largest amount for many day certificates, thus far, the leaving the outstanding market and $13,330,- there 000. This drop relieved in the rate to 6 cent. per cent per was a and a rally to 20 per annum in time money and merThe dealings were practically at demoral- standcantile The paper stringency in money market and still. sterling exchange importing ized the tell below gold sellers of selling rates Bankers were liberal higher points. bills in order to take advantage of rates for morning money. the Clearing-house syndicate com- by mittee This virtually formed lot a of Clearingagreeing to take out a for the purpose of the putting a panic that virtually and house the loan stop certificat to the high rates exists for money in the money was broken in leading for The and strain market. decisive action of fact the paved by bold banks, and the way settlements, completion of July 1. a and interest usual the morning downtown dividends satisfactory in to the For two market hours was in a condition where were money most serious consequences movement sevthe by a concerted into the feared. but threw a flood of funds relieved the eral banks borrowers and hands of which the had been the most many acute tension, that financial circles had felt 10 values, years. Relief was given in the face of and further demoralization in silver be felt. that its effect will not be believed pinch in money rates may but the A severe under the circumstances, power have they will not control the this power banks besitate avoided to exercise situation, demonstrated necessary. and their again tomorrow if it is that solid wall is to be against expected. presented The knowledge the confidently pressure of distrust will, in i:self. it the is adverse force. The go far to lessed justify the foresight voting of the on results to-day Clearing-house Association issue in of clearingJune 15 to loan authorize certificates the upon sound securihouse deposited by solvent institutions. came ties monetary relief to-day promi- from nent The public-spirited action of five Chase National, the banks-the First National, Gallatin Na National, and Fourth Coin Exchange Their to officers throw held tional a consultation and decided resources into the breach. their banks at once utilized their needed cash and reThe to supply the funds certifiserves applied for clearing-house that will then the debit balance settlecates to cover them in clearing-hous libresult to the morning. Only by this strain be ments eral use in of bank reserves could the broken. understood that these banks have to It is take out certificates necessary proagreed to reserves in the following release their First National $2,500,000. National $1,000,- Chase portions: National $1,500,000 Fourth Exchange 000. Gallatin $500,000. National None and Corn of these banks banks position each to require a resort affairs. to certi- The is in a in conducting its own certificates of the Clearing-house making the total amount was $4,975,000, $12,005,000. total outstanding of affairs in ficates issued amounts of Philadelphia circles is becoming there banking to advices received that According The condition exchange more from marked. in city New York Sevthis morning is at of the half large a cent banks on the in this dollar. city Philadel- have eral ba lances owing them from unable large which the latter are to proof their remit on exchange on up phia banks, New account York inability currency. tied cure New York bank has $750,000 another has One Philadelphia in that way, and the in and still another $500,000, one. Unthis $600,000 is becoming a serious remit some it is probable, will be week reless question the York Philadelphia bankers, that according banks discount exchange to New charged on all Philadelphia in celved from dealers that here. the transactions Dealers say bonds have been on an enor- estirecently. One by mous scale sales for the past and kindred mates Government the authority institutions fortnight savings National banks about and full prices were purchasers. $4,000,000. banks were paid the the every instance. June 29. -The strain severer on than BOSTON, situation to-day is at the financial were demoralized extremely ever. start. tumbled heavy, Stocks Liquidations and badly. under The banks the were pressure are of calling the prices best in all sides, and some pay abnorloans on the street had to it houses high on rates to get carried through. that mally Union Pacitic announces of The anticipate the payment compa- the will to-day This includes all The July interest. Union Pacific system. payments nies of the will amount 29. to $2,000,000. Bank Commis POMONA Cal: berding June and Dunsmoor have it examined are $200,000 sioners Get the People's Bank and in found round good. The and assets $130,000 liabilities. and Attor- gave numbers Hart was present to reopen, ney-General officials permission Monday which the bank will be done Saturday. or at the latest. NAVAL CHANGES.

11. June 30, 1893 Idaho County Free Press Grangeville, ID
Article from Idaho County Free Press, June 30, 1893

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

12. July 20, 1893 The Herald Los Angeles, CA
Article from The Herald, July 20, 1893

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POMONA. Interesting News Matters and Personal Notes. POMONA, July 19.-We were told by some of the boys on the fruit yards that this has been by odds the warmest day upon them. this season. The overhanging clouds, a sultry haze and scarcely no breeze being the cause. A talk with some of our leading fruit firms leads to the assertion that but very few peaches will be handled before week after next. Of course, there are some early varieties that will creete short shipmeuts next week. Mr. and Mrs. F. Schwann, who have been ab. sent in the east for some months, have arrived safely home. Mr. Sehwann is a member of the firm of Short & Schwann, and is taking a run over the valley today seeing our iruit growers. Mr. Charley Schwann, who recently went to the world's fair, is at work with one of the fruit firms there, with whom his Pomona shippers have dealings. Every one in our town was glad to see the doors of the People's bank thrown open this morning at 10 o'clock, for the resumption of business. Miss E. M. Rowe is off via Southern Pacific, today for Chicago and other points. Mr. H. W. DeLong, formerly agent of the Santa Fe at North Pomona, but now at Hesperia, was in the city today. Mr. Earl Cowan and his sister, Miss Edna, went to Los Angeles yesterday. The latter will remain a few days, Mr. Earl returning today. Rev. A. W. Nesbit is at home again after a short sojourn at the beach. Our former townsman. W. L. Brown, now of the corner of Spring and Sixth streets. Los An.

13. July 22, 1893 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, July 22, 1893

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TELEGRAPHIC BREVITIES. Sixty printers are seeking work in Denver. Five convicts escaped from Maddock's camp, Ga., this week. Many great mines in Mexico have shut down to await a raise in silver. Russia has agreed to stand by France, come what may, in the Siamese trouble. A miner, his wife and a child died from eating some canned goods near Fontanel, Ind. George Frederick Parsons, a well known editorial writer of the New York Tribune, is dead. The large carpet house of Hardenburg & Co., in Brooklyn, has assigned to Hugo Hirsh. The Missouri National bank of Kansas City, Mo., will resume businesss on Monday. Tne last revolution in Nicaragua has been quelled. Another one may come off to-morrow. Hoskier Wood & Co., of New York, have an assignment in gold of $125,000 coming on the Teutonic. The Journal of Agriculture, of St. Louis, says the deficit of wheat this year will be 100,000,000 bushels. The seal catch to June 27 amounted to 24,645 skins, said to have all been taken outside of the Behring sea. A. Cohen & Co., of New York, Ince importers, have assigned. Liabilities $40,000; nominal assets, $80,000. Two men were fatally hurt and one killed in a battle between tramps and citizens near Sheffield, Ind. The splendid new St. Mary's church, Catholic, at Long Island City, was destroyed by fire yesterday. James O'Neil, broke away from the chain gang at Blackfoot, Idaho, and was fatally shot by Deputy Sheriff Winn. At Kansas City it is thought that the flurry is over and the depositors are anxious to have the banks reopen. A plea for financial help has been issued in behalf of those rendered homeless by the Pomeroy, Iowa, cyclone. The People's bank, Pomona, Cal., re" opened yesterday. The deposits were large and the withdrawals small. A runaway box-car ran into a freight train near Jonesboro, Ill., killing Brakeman J. Marshall and injuring two others. John L. Plain, a prominent lumber merchant of Washington, while suffering hallucination, leaped from the roof of his house to his death. John Swarthoul, under indictment with his brother, Ernest, for the murder of their wealthy father at Marion, Ill., died of consumption. Banker Adrian Iselin, of New York, today bought at auction the palatial house of the defunct Manhattan Athletic club, the price being $456,000. Fifty thousand Turners and their friends are in Milwaukee to attend the opening of the 26th annual convention of the Society of American Turners. Four hundred Indian salmon fishers on Frazer river, British Columbia, have formed a union to secure a raise of wages and freeze out the Japanese. Dick Dow, George England and Jim McCoy, whisky peddlers, are under arrest at Atoka, I. T., charged with robbing a train near Springfield recently. Henry Patterson, of San Francisco, the oarsman, will accept the challenge of John Teemer to row any man in the world, bar

14. July 26, 1893 The Star Reynoldsville, PA
Article from The Star, July 26, 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. ADA, O.-The Citizens' Bank the most prominent in Hardin county, has failed. MADISON, IND.-The Carrollton Woolen Mill Co., has assigned with liabilities of $7.000. The Nashville, Chattanooga and St. Louis Railway Company has declared a dividend of 11 per cent., payable August 1. The McNamara Dry Goods Company, of Chicago has suspended, It was among the largest houses of its kind in the West. POMONA, CAL-The People's Bank has re. opened with plenty of coin. Only 84 were drawn out the first hour, Deposits were liberal. PARKER, KAN.-The State Bank has failed. STERLIN, COL-The Bank of Sterlin has assigned. BOZEMAN, MONT-The Bozeman National Bank has closed. YATES CENTER, KAN.-The Woodson State Bank has'suspended. HUTCHINSON, KAS.-The Hutchinson National Bank has closed its doors. ASPEN, CoL-The J. B. Wheeler Banking Company and the Pioneer Bank have failed OKLAHOMA CiTY-The Bank of Oklahoma City and the Oklahoma National Bank have succumbed to runs and failed. FORT SCOTT, KAN.-The First National Bank the oldest financial institution in Southeastern Kansas suspended payment. ASHLAND, Kr.-The Second National Bank which suspended three weeks ago. resumed business Thursday. CHICAGO.-The Chemical National bank will not resume business. The reasons given are the stringency of the money marketand the inability of some stockholders to meet the assessments which would be levied upon them if the bank resumed. KANSAS CITY, KAN.-The Citizens bank, the Bank of Richmond and the Farmers and Merchants bank at Ossawattomie, also of Kansas, all private institutions, closed their doors. HARRISONVILLE, Mo.-The First National Bank of Harrisonville, suspended payment and is in the hands of the Comptroller of the Currency, NASHUA, N. H.-The Security Trust Company closed its doors. It promises to pay depositors in full. ANTHONY, KAs.-The First National Bank and the First National Bank of Canso City, Col., have suspended. THE Bank of Bellville, Republic county, Kan., a private institution with $20,000 capital, has failed. NATIONAL bank examiners have recommended to the Comptroller that the First National Ban of San Bernardino, Cal., which recently failed, be allowed to reopen at once, its affairs being in good condition. NEW YORK-Charles M. Preston, state bank examiner, reports the banks of this state to be in a good condition. generally and be anticipates no failures,

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

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Financial and Commercial. ADA, O.-The Citizens' Bank the most prominent in Hardin county, has failed. MADISON. Isp.-The Carrollton Woolen Mill Co., has assigned with liabilities of $7.000. The Nashville, Chattanooga and St. Louis Railway Company has declared a dividend of 14 per cent., payable August 1. The McNamara Dry Goods Company, of Chicago has suspended. It was among the largest houses of its kind in the West. POMONA, CAL-The People's Bank has re. opened with plenty of coin. Only #4 were drawn out the first hour, Deposits were liberal. PARKER, KAN.-The State Bank has failed. STERLIN, CoL-The Bank of Sterlin has assigned. BUZEMAN, Mosr -The Bozeman National Bank has closed. YATES CENTER, KAN.-The Woodson State Bank has'suspended. HUTCHINSON, KAN.-The Hutchinson National Bank has closed its doors. ASPEN. CoL-The J. B. Wheeler Banking Company and the Pioneer Bank have failed OKLAHOMA City-The Bank of Oklahoma City and the Oklahoma National Bank have succumbed to runs and failed. FORT SCOTT, KAN.-The First National Bank the oldest financial institution in Southeastern Kansas suspended payment. ASHLAND, KY.-The Second National Bank which suspended three weeks ago. resumed business Thursday. CHICAGO.-The Chemical National bank will not resume business. The reasons given are the stringency of the money marketand the inability of some stockholders to meet the assessments which would be levied up. on them if the bank resumed. KANSAS CITY, KAN.-The Citizens bank, the Bank of Richmond and the Farmers and Merchants bank at Ossawattomie, also of Kansas, all private institutions, closed their doors. HAREISONVILLE, Mo.-The First National Bank of Harrisonville, suspended payment and is in the hands of the Comptroller of the Currency, NASHUA, N. H.-The Security Trust Comrany closed its doors. It promises to pay depositors in full. ANTHONY. KAS.-The First National Bank and the First National Bank of Calago City, Col., have suspended. THE Bank of Bellville, Republic county, Kan., a private institution with $20,000 capital, has failed. NATIONAL bank examiners have recommended to the Comptroller that the First National Ban 1 of San Bernardino, Cal., which recently failed. be allowed to reopen at once, its affairs being in good condition. New YORK-Charles M. Preston, state bank examiner, reports the banks of this state to be in a good condition generally and be anticipates no failures.

16. July 28, 1893 Idaho County Free Press Grangeville, ID
Article from Idaho County Free Press, July 28, 1893

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THE SITUATION IN DENVER Three More Supposedly Solid Banks Go to the Wall. I CROWD OF ANXIOUS DEPOSITORS Who Break Out in Tears and Wallings When the German National Closes. Teller Expresses His Views. DENVER, July 19.-The panic in this city was resumed this morning with renewed vigor. As a result the old German National Bank, with a reputation for stability of twenty years standing, and the equally reputable State National and the extremely strong Peoples' National failed this morning. All night depositors stood in line in front of the German National and by 9 o'clock there was one long sea of faces stretching down the street. At the opposite corner, where the State National has so long done husiness, was also a crowd of anxious depositors. Here the people were relieved of their doubts when at 9 o'clock a notice was posted on the door that the bank would not open, owing to a lack of ready cash. At the German National just before opening time a notice was posted on the window stating that it had closed temporarily. This notice caused a distressing scene. Men and women down the line broke out in tears and wailing. The run on all the remaining banks in the city was renewed. Reliable people, however, say there will be no more suspensions. Bank Examiner Adams this morning took charge of the Union National, Commercial National, National Bank of Commerce, State National and the German National. A number of minor commercial concerns went under today. The run on the Denver National is over, with plenty of money still in sight. The same is true at the City Bank and all other unfailed banks. Business men are beginning to breathe more freely. Teller on the Situation. DENVER, July 19.-Senator Teller, in an interview upon the financial situation in this city, says: "There is no one reason to which the trouble can be charged. It is partly to the silver agitation, but more to the general depression affecting the entire country. The bank failures yesterday were unwarranted and are directly chargeable to the people who became frightened and panic stricken at a shadow. There is nothing less fair than to blame all our ills to silver. You had much better blame some to the silver speeches. Teller expressed the belief that the Sherman law will be repealed but not without a substitute of greater benefit to silver. Oakes Denies the Report. NEW YORK, July 19.-A story is current this afternoon that there is danger of the Northern Pacific passing into the hands of a receiver. President Oakes emphatically denied the report. Both Are small Concerns. TOPEKA, Kan., July 19.-The state bank commissioner is informed of the failure of the State Bank of Parker and Woodson's state bank of Yate's Centre. Both are small concerns. Two Banks in Oklahoma. OKLAHOMA CITY, O. T., July 19.-The Bank of Oklahoma and the Oklahoma National bank have failed. The First National stood a heavy run. No statements are given out. A Newspaper Assigns. MOBILE, Ala., July 19.-The Daily Register, one of the oldest newspapers in the South, has made an assignment. Publication will be continued under authority of the court. A California Bank Re-opens. Pomona, Cal., July 19.-The People's Bank re-opened this morning with plenty of coin. Only four dollars were drawn out the first hour. The deposits are liberal. A Moutana Bank Closes. WASHINGTON, July 19.-The comptroller of the currency is informed of the failure of the Bozeman National Bank, at Bozeman, Mont. A Carpet House Fails. BROOKLYN, July 19.-The large carpet house of Bardenburg & Co. has assigned.