East Side Bank (Los Angeles, CA)

Episode Information

Episode UID
6977070391122
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
697707039 hash
Start Date
June 21, 1893
Location
Los Angeles, California (34.052, -118.244)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4994307fcd5789da

Response Measures

None

Events (2)
1. June 21, 1893 Suspension
Cause
Correspondent
Cause Details
Could not cash New York and San Francisco exchange amid coast stringency and runs, forcing temporary closure.
Newspaper Excerpt
On account of not being able to cash our New York and San Francisco exchange we are compelled to close our doors. The depositors will be paid in full.
Source
newspapers
2. June 24, 1893 Reopening
Newspaper Excerpt
The East Side bank opened its doors this morning. This is the first of the closed banks to resume.
Source
newspapers

Newspaper Articles (18)
1. June 22, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, June 22, 1893

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Bank Failures in California, Los ANGELES, Cal., June 21.-Four banks closed their doors to-day. They were the First National, Southern California, Broadway Bank and East Side Bank. All claim that the depositors will be paid in full. The failures were caused by theouspension yesterday of the State and University banks, also of this city. Depositors became frightened and wanted their money at once. The liabilities of the First National are $1,250,000; assets. 81,730,000. The other institutions are, comparatively speaking. small concerns. As a result of the Los Angeles failures the Consolidated National Bank, of San Diego, also closed its doors to-day.

2. June 22, 1893 Wheeling Register Wheeling, WV
Article from Wheeling Register, June 22, 1893

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CALIFORNIA Four Banks in Los Angele Doors--San Diego Banks Fo Los ANGELES. CALA., June banks closed their doors to-day. were the First National, Southern Can fornia, Broadway Bank and East Side Bank. At10 o'clock notice was placed upon the doors of the Southern California to the effect that the bank would not open to-day. A notice was placed shortly afterwards upon the doors of the First National to the effect that owing to a heavy run upon the bank amounting to over $600,000, the bank was forced to close. The East Side Bank door bore the following: "On account of not being able to cash our New York and San Francica exchange we are compelled to close our doors. The depositors will be paid in full." President Melliot, of the First National said: "The unprecedented run of the last two days during which we paid checks of over $600,000 was more than we could stand. The amount of liabilities to the depositors will be somewhere in the vicinity of $1,250,000 against which we have all our bills receivable, capital and surplus which will amount in the aggregate to $500,000 more than thrusum." The Broadway Bank failed to open this morning. Against the glass of the door was a notice that depositure would all be paid. The only liabilities are call deposits, $12,000; certificates due September. $10,000; total, $22,000. Commerc al loans are well secured. SAN DIEGO, CALA., June -Following in the wake of the financial troubles in Los Angeles, the Consolidated National Bank suspended payment this morning. A notice on the door gives the ususl cause, financial stringency, and declares depositors will be paid. The assets are said to be much larger than the liabilities, but no complete statement is now obtainable. The savings bank of San Diego, which has an office with the Consolidated National, and which is closely related in management, suspended at the same time. Owing to a run consequent upon the morning's suspensions, the First National closed its doors this afternoon. It is thought the bank will be amply able to meet all liabilities.

3. June 22, 1893 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, June 22, 1893

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BANK FAILURES IN LOS ANGELE. Los Angeles, Cal., June 21. The Southern California National Bank and the Los Angeles National Bank here have closed their doors. Later in the day the Broadway bank and the East Side bank closed their doors. The First National has announced that the withdrawals of the last two days exceeded $600,000. Bank Examiner Gerberding says the run on the banks is senseless, and that they are all fully solvent. The suspensions created much excitement and great crowds gathered on the streets. Runs were made upon the Farmers and Merchants' and the Los Angeles Banks. The former paid all deposits promptly, but the latter announced it would pay only small depositors, and give the larger part in cash and the remainder in certificates payable in rixty days. San Diego, June 21.-Following in the wake of the financial troubles is To Angeles, the Consolidated National Bank suspended payment this morning The Savings Bank of San Diego, which has its office with the Consolidated National, and which is closely related in management, suspended at the same time, owing to a run consequent upon the morning suspensions. The First National closed its doors this afternoon. Portsmouth, Ohio, June 21.-The Citizens' Savings Bank has failed.

4. June 22, 1893 The Sun New York, NY
Article from The Sun, June 22, 1893

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SIX BANKS CLOSE. Four of Them Are at Los Angeles and Two at San Diego. Los ANGELES. Cal.. June 21.-Four banks closed their doors to-day. They were the First National. Southern California. Broadway Bank. and East Side Bank. A large crowd assembled at the corner of First and Spring streets early in the forenoon. At 10 o'clock notice was placed upon the doors of the Southern California to the effect that the bank will not open to-day. All eyes were turned to the Los Angeles National. which is situated on the opposite corner. Another large crowd was in front of the First National and the Farmers' and Merchants' Bank. There had been all sorts of rumors on the street about the former. but few people in the crowd. a large majority of whom were curiosity seekers, doubted for a moment that the doors would be open at the usual hour. but a notice was posted on the doors of th.e First National to the effect that owing to a heavy run upon the bank it must close. At San Diego the Consolidated National and the Savings Bank of San Diego suspended. There is no question of the assets of these banks. They all have twice as much assets as liabilities. but their money is loaned out on real estate. and it can't be taken in at demand. It is feared that all the banks will have to close for a few days. as none can stand a steady run. It is also feared that several San Francisco banks. which have been helping local banks. will be embarrassed. San Francisco bankers here were very nervous over the news from Los Angeles. It is expected that a run will be made on several San Francisco banks which are known to be involved with these Los Angeles institutions. and which have large sums loaned on Southern California property.

5. June 22, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 22, 1893

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Los Angeles Business Troubles. Los ANGELES, June 21.-Several banks in Los Angeles, including the First National, the Southern California, the Broadway and East Side, have temporarily suspended payment. The assets in all cases largely exceed the liabilities, and depositors will be paid in full. The City bank and the Universe bank are also temporarily embarrassed.

6. June 22, 1893 New-York Tribune New York, NY
Article from New-York Tribune, June 22, 1893

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BANKS SHUTTING DOWN. FOUR LOS ANGELES INSTITUTIONS CLOSED. RUNS ON BANKS IN PORTSMOUTH OHIO-BUFFALO PRIVATE BANKERS ASSIGN. Los Angeles, Cal. June 21.-Four banks closed their doors to-day. They were the First National, Southern California, Broadway Bank and East Side Bank. A large crowd assembled at the corner of First and Spring sts. early in the forenoon. At 10 o'clock notice was placed upon the doors of the Southern California to the effect that the bank would not open to-day. All eyes were turned to the Los Angeles National, which is situated on the opposite corner. Another large crowd was in front of the First National and the Farmers' and Merchants Bank There had been all sorts of pumors on the street about the former, but few people in the crowd. a large majority of whom were curiosity-seekers, doubted for a moment that the doors would be open at the usual hour, but a notice was posted on the doors of the First National to the effect that owing to a heavy run upu the bank. the doors would not be opened. Buffalo, June 21.-H. C. Tucker & Co., private bankers, doing business in the Chapin block, closed their doors this morning. The company had a large amount of money lent on mortgages, also on notes and paper, on which it was hard to realize quickly? Aside from the banking business they continued to do a general real estate, loan and in surance business. It is stated that the embarrassment will in no way affect any other business house, although the firm did a strictly Buffalo business. The figures coald not be given by either of the firm nor would either state whether there was any likelihood of their resuming business. Portsmouth, Ohio, June 31.-The Citizens Savings Bank assigned this morning to A. F. Holcomb and Frank M. Smith. A run on the bank made this step necessary. The liabilities are something over $300,000 and assets $400,000. The excitement spread and runs were made on the other banks, namely. the Portsmouth National Farmers National and First National. and they are taking advantage of the 10 per cent limit. The Little Kanawha lumbering mills are in the hands of a receiver. The failure of the citizens will embarrass some of the manufacturers here.

7. June 22, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, June 22, 1893

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of the First National was to the effect that owing to the heavy run upon the bank amounting to over $60,000, the bank was closed by order of the board of directors. The East Side bank doors bore the following notice: "On account of not being able to cash New York and San Francisco exchange, we are compelled to close our doors. Depositors will be paid in full." A. Gerberding, one of the state commissioners, arrived here yesterday. He is now in charge of the State bank, the City and University, which suspended yesterday. Mr. Gerberding says from a cursory examination of the University bank made last night he found that the bank owes $14,000 and has $30,000 assets. Gerberding says idiotic would not be too strong a term to apply to the senseless run on the banks here now, as they were never in better condition. Promptly at 10 o'clock this morning the Los Angeles National bank opened its doors. A long line of depositors, stretching along Curb street and extending north on Spring street for over 100 feet, were on hand under police escort, to take turns in entering the bank. Just before the iron gates swung open, Major Bonebrake appeared on the steps bareheaded as he

8. June 22, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, June 22, 1893

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FOUR BANKS SUSPEND. Los Angeles Feels the Effect of the Stringency. Los ANGELES, Cal., June 21.-Four banks closed their doors today. They were the First National, Southern California, Broadway bank and East Side bank. A large crowd assembled at the corner of First and Spring streets early in the forenoon. A notice was placed upon the doors of the First National that owing to a heavy run upon the bank amounting to over $600,000 the bank was closed by the order of the board of directors. The East Side bank doors bore the following notice: "On account of not being able to cash our New York and San Francisco exchange we are compelled to close our doors. The depositors will be paid in full." A. Gerberding, one of the state commissioners, arrived here yesterday from Riverside and San Bernardino. He is now in charge of the state banks-the City and University-which suspended yesterday. Commissioner Gerberding says from a cursory examination of the University bank last night he found that the bank owes $140,000 and has $300,000 assets. The Farmers and Merchants' bank stood the long pull on its

9. June 25, 1893 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, June 25, 1893

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FAILURES. SAN FRANCISCO, June 24-The concerted opinion of the bankers of San Francisco is that the Pacific bank was compelled to suspend as much on account of unwise investments as on account of the money stringency throughout the coast. The reason for the suspension of the People's Home Savings bank was its connection with the Pacific bank and the certainty that a run would be made upon it immediately upon the announcement of the failure of the Pacific bank It had not enough money to stand a run. The flurry seems to have passed over, and no anxiety is felt that other banks will succumb. ST. LOUIS, June 24-William T. Haydock, carriage manufacturer, has as signed. The assets are $150,000. The liabilities are not known. Thestringency in the money market is the cause A deed of trust for $100,000 was made to secure the principal creditor, the St. Lonis National bank. PHIL ADELPHIA, June 24 -Gillinder & Sous, glass-makers, are financially embarressed. The assets are $151.300, and the liabilities $202,400. Los ANGELES, Cal, Jane 24. The East Side bank opened its doors this morning, The other banks which suspended temporarily will open on Monday, the City bank excepted, which is in the hands of a receiver.

10. June 25, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 25, 1893

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Los Angelee Banks Recuming. Los ANGELES, Cal., June 24.-The Bast Side bank opened its doors this morning. This is the first of the closed banks to rew same and s feeling of confidence has returned. The other banks will open on Monday. all but the City bank, which is in the hands of a receiver.

11. June 25, 1893 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, June 25, 1893

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FINANCIAL CIRCLES ARE EASIER One of the Suspended Banks ill Los Augeles Re-opens. QUIETNESS IN 3AN FRANCISCO Comptroller Eekles In Receipt of Several Application s to Allow Banks to Resame Business. Associated Press. Washington, June 24.-Comptroller Eckles this morning received a telegram from the San Bernardino bank asking permission to reopen. He answered he would consider the request when his examiner made his report. Bank Examiner Clare, of Tacoma, has been directed to go to New Whatcom. An application has been received by the comptroller from all the banks in Spokane requesting him to allow the Washington National Bank of Spokane to re-organize. San Francisco, June 24. There was nothing around any of the banks of the city this morning to indicate any excitement. A number of persons who had withdrawn their accounts from the Hibernian Bank yesterday wanted to re-deposit their money today, but they were refused. R. H. McDonald Jr., stated this morning that the Pacific bank would open again soon. Los Angeles, Cal., June 24.-The East Side Bank opened its doors this morning. This is the first of the closed banks to resume. A feeling of confidence has returned, and the other banks will open Monday-that is, all but the City Bank, which is in the hands of a receiver. Fresno, Cal., June 24.-The Loan and Savings Bank of Fresno announced this morning that owing to the failure to secure expected funds, it would not open its doors today. The announcement created no excitement, as it is well known that the assets of the bank are four to one of the liabilities. Chicago, June 24.-The Columbia Launch Company, an excursion steamboat line, recently organized with a capital of $200,000, has gone into the hands of a receiver.

12. June 25, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, June 25, 1893

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Business Embarranaments. Los ANGELES, Cal., June 24.-The Eastside Bank opened its doors this morning. This is the first of the closed banks to resame. A feeling of confidence has returned. The other banks will open Monday, except the City Bank, which is in the hands of a receiver. PHILA DELPHIA. June 24.-Gillinder & Sons. glass manufacturers of this city. are financially embarrassed. and have made a proposition to their creditors for an extension of time. The assets of the firm amount to $154,301. and the liabilities to $202,436. CHICAGO, June24.-The Columbia Launch Company. a steamboat excursion line. went into the hands of a receiver to-day. The company was recently organized here with a capital stock of $200,000. ST. Louis, June 24.-William T. Haydock, carriage manufacturer. has assigned. Assets, $150,000; liabilities not yet definitely known. Stringency of the money market is the cause.

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

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

14. June 25, 1893 New-York Tribune New York, NY
Article from New-York Tribune, June 25, 1893

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THE BROKEN PACIFIC COAST BANKS. BAD MANAGEMENT IN SAN FRANCISCO-SIGNS OF IMPROVEMENT VISIBLE. San Francisco, June 24.-The Concrete opinion of the bankers of San Francisco is that the Pacific Bank was compelled to suspend payment because It made unwise Investments In securities from which it could not get out its money. and that the People's Home Savings Bank was compelled to suspend because it had not on hand coin enough to stand the run sure to follow the announcement of the suspension of the Pacific Bank, its business associate. In other words. the failure of the Pacific Bank was not more due to the present financial troubles than to fundamental weakness in Its management. The flurry seems to have passed in this city, and no anxiety is felt that other banks will succumb. Bankers say they have ample funds to meet all demands. The run on the Union Savings Bank continues to-day, though with less excitement than yesterday. There was also a run on the Hibernia Bank to-day. Seattle, Wash., June 24.-A special from New Whateom says: Inability to realize on gilt-edge securities forced the Columbia National Bank to close its doors yesterday morning. Their assets are placed at $226,762. with liabilities not exceeding $100,000. Confidence is felt In the other banks and no further trouble Is expected. The Columbia Bank Is capitalized at $100,000. The Controller of the Currency has been advised and will take charge of the affairs of both the Columbia and the First National, which suspended yesterday. The cashier of the falled First National Bank says the assets are $428,000: liabilities, $110,000. San Bernardino. Cal., June 23.-The First National Bank closed its doors yesterday after undergoing a run for the last five days. Washington, June 24.-Controller Eckels this mornIng received a telegram from the San Bernardino Bank asking permission to reopen. He answered that he would consider the request when his examiner made Bank Examiner Lazaer, who is at Los report. Angeles, has been directed to take charge of the San Bernardino Bank. while Mr. Wightman, the examiner "ii San Francisco. will relleve bim at the first named place. Bank Examiner Clarey, of Tacoma, has been directed to go to New-Whatcom. Application has been received by Controller Eckels from all the banks in Spokane requesting him to allow the Washington National Bank of Spokane to reorganize. The Board of Trade of San Diego, Cal., and the president of the dispended First National Bank of that place, have requested that the bank be allowed to resume busttress. The request will be considered when the exuniner's report Is in. Los Angeles, Cal., June 24.-The East Side Bank opened Its doors this morning. This 13 the first of the closed banks to resume. A feeling of confidence has returned. The other banks will open on Monday, except the City Bank, which is in the hands of a recelver.

15. June 25, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, June 25, 1893

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CONFIDENCE AT LOS ANGELES. All the Suspended Banks but One Will Open on Monday. Los ANGELES, Cal., June 24.-The East Side bank opened its doors this morning. This is the first of the closed banks to resume, and a feeling of confidence has returned. Other banks will open on Monday except the City bank, which is in the hands of a receiver.

16. June 28, 1893 The Star Reynoldsville, PA
Article from The Star, June 28, 1893

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LATER NEWS WAIFS. FINANCIAL AND COMMERCIAL Comptroller Eckels has been officially in formed of the failure of the following National banks: The first National Bank of Kendallville, Ind.; the First National Bank of Santa Anna. Cal.; and the First National Bank of Whatcom, Wash. He has ordered Bank Examiner Packard to take charge of of the Kendal'sville bank. At San Francisco the Pacific bank has closed. The Peoples Home Saving bank, under the same management, has also,gone down. At Greenville, Mich., the City National bank has suspended. The Cataract bank, Niagara Falls, N. Y.. the largest bank in Niagara county, closed its doors. The New York clearing-house committee authorized the taking out onFriday of $450,000 in clearing-house certificates. The total now outstanding is $5,350,000. The East Side bank, Los Angeles, Cal., opened its doors again on Saturday morning. This is the first of closed banks to resume. A feeling of confidence has returned. The other banks will open in a day or two except the City bank, which is in the hands of a receiver.

17. June 29, 1893 Warren Sheaf Warren, MN
Article from Warren Sheaf, June 29, 1893

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NEAR Winimac, Ind., Charles Mettonay and his horse and forty head of cattle were buried out of sight in quicksand. THE doors of the Citizens' savings bank of Portsmouth, O., were closed, with liabilities of $300,000. THE firm of Sloan, Johnson & Co., wholesale grocers at Omaha, Neb., failed for $160,000. A CYCLONE at Williamstown and the surrounding country in Jefferson county, Kan., killed twenty persons and destroyed thirty houses and many barns. IN a fire that destroyed the Bunnel block in Duluth, Minn., four persons were burned to death. IN Los Angeles, Cal., the First national, Southern California, Broadway bank and East Side bank closed their doors, and at San Diego the Consolidated national bank and the Savings bank suspended. IN Chicago Baird & Bradley, real estate dealers, made a voluntary assignment with assets estimated at $600,000 and liabilities at $400,000. METHODISTS have decided not to withdraw their world's fair exhibit on account of Sunday opening, but it will be covered up on the Sabbath. The church committee adopted resolutions in which they declare that the act of the directory in turning aside from keeping its pledge of honor to the congress and people of the United States will be conspicuous in the future as an act of perfidy beclouding the business integrity of the citizens of Chicago which years of shame will not remove. JUDGE GRANT decided in favor of Sacramento and against San Jose in the California capital removal case. BANKS suspended at Santa Auna, Cal., San Diego, Cal., Pomona, Cal., Ontario, Cal., and Greenville, Mich. FOR cause unknown Jacob Hajaneki, of Akron, O., fatally shot his wife and then stabbed himself fatally. FRANK TEMPLEMAN and Dave Kendall while working in a well near Morehead, Ky., were overcome by gas and both were killed. AT Nashville, Tenn., B. T. Rhea & Son, grain dealers, failed for $100,000. AT the age of 121 years Mrs. Angeline Demarrie died at Chippewa Falls, Wis. CHARLES PIELLAS' jewelry store in Lansing, Mich., was robbed by two men of diamonds valued at $160,000. FOR 50 miles a cyclone swept across the counties above Atlanta, Ga., wrecking many buildings and ruining crops. THE Columbia bank at New Whatcom, Wash., State bank at Minneapolis, Minn., First national bank at San Bernardino, Cal., and the People's home savings bank at San Francisco closed their doors. PETER BOILLOT and his wife were fatally injured at Beatrice, Neb., by being thrown from their carriage. FIRE wiped out the business portion of Leonardsville, Kan. FLAMES burned the business part of the village of Mount Sterling, O. ONE of Chicago's oldest liverymen, Leroy Payne, failed for $250,000.

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

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CALIFORNIA FAILURES. The City of the Angels Has a Bad Streak of Luck. Los ANGELES, Cal., June 21.-The Southern California national bank and the Los Angeles national bank have closed their doors. Later in the day the Broadway bank and the East Side bank closed their doors. The First national has announced that the withdrawals of the last two days exceed $600,000. Bank Examiner Geberding says the run on the banks is senseless, and that they are all fully solvent. One Down at San Diego. SAN DIEGO, Cal., June 21.-Shortly before noon today the Consolidated National & Savings bank of San Diego closed its doors. A statement is issued that the assets are largely in excess of the liabilities. Missouri Bankers Meet. EXCELSIOR SPRINGS, Mo., June 21.The state gathering of bankers is alwaysa notable event here, and the convention which began today will listen to a number of interesting papers on topics of current importance.