Union Trust Company (Sioux City, IA)

Episode Information

Episode UID
7416768291122
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
741676829 hash
Start Date
June 28, 1893
Location
Sioux City, Iowa (42.500, -96.400)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b639c2587e7268a0

Response Measures

None

Description

Failure tied to alleged embezzlement/defalcation by E. M. Donaldson, who fled.

Events (2)
1. June 28, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure due to alleged embezzlement, misappropriation and fraudulent management by E. M. Donaldson; institution failed and/or suspended on June 28, 1893.
Newspaper Excerpt
The Union Trust Company, of Sioux City, Ia., failed on June 28 with liabilities of $350,000 and assets of $450,000.
Source
newspapers
2. June 29, 1893 Receivership
Newspaper Excerpt
The failure of the Union Trust Company was announced ... E. M. Donaldson ... filed a petition for a receiver. An application has been made for a receiver. An action was begun ... to have a receiver appointed for the Union Trust Company of Sioux City, Iowa.
Source
newspapers

Newspaper Articles (20)
1. June 29, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 29, 1893

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CONDENSED DISPATCHES. The State bank of Lock Haven, Ps., has gone into liquidation. The village of Augusta, Mich., was burned on June 28. Loss, $50,000. The United States court of Indian Territory has appointed receivers for the Choctaw Land & Railway Company. F. C. Pierra & Co., New York shipping and commission merchants, assigned on June 28 with a capital of $100,000. Prof. Frederick Perrine, of the Stanford university. was married in Trenton, N. J., on June 23, to Miss Margaret Roebling. The iron manufacturers and Amalgamated Association of Iroa and Steel Workers have not yet been able to reach a settlement. The Bedford (Ind.) Stone Quarries Company has made an assignment to William L Brifogly, one of the company's largest creditors. The Union Trust Company, of Sioux City, Ia., failed on June 28 with liabilities of $350,000 and assets of $450,000. Obligations will be fully satisfied from the assets. Frederick G. Van Pelt, a young man who died from taking chloroform in San Francisco on June 27, was a son of Gilbert S. Van Pelt, a retired lawyer in New York. James Wilson, one of the witnesses before the committee investigating the New York custom house frauds. has written n letter to the committee, in which he charges that it is not trying to get at the truth. Herbert L Harding. a Boston lawyer, has obtained an attachment for $10,000 against Annie Severance, of Los Angeles, for legal services in recovering $250,000 !or her out of the estate of the late Mrs. Mary F. H. Searies, widow of Mark Hopkins Trouble is breaking out anew between the Jackson and Jones factions of the Cherokee Indians over the nine Indians who are to be executed on July 7. The Jackson party is preparing to prevent the executions and Gov. Jones has ordered out the Choctaw militia. Thomas Schell, who was secidentally shot in the battle between escaping convicts and the guards at Folsom, Cal., on June 27, is mortally wounded and cannot recover, but the physician thinks the recovery of George Sontag probable John Sontag is dying at Fresao. Bishop Bonacum, who is to be tried before Arebbishop Hennessey, of the Iows arch diocese, on charges of tyranny towards priests and BUDS, refusa. to obey orders from Rome, collecting and foolishly expending large sums raised by extertion and falsehood, will be the first American Catholic bishop placed on trial in the history of the church.

2. June 30, 1893 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, June 30, 1893

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FAILURES. SIOUX CITY, Ia.. June 29.-The Union Trust company, the headquarters of which were recently moved to Kansas City, has failed, with liabilities of $350,000. The assets are $450,000. The stock of the company is largely held in New Hampshire. An application has been made for a receiver. RICHMOND, Ind., June 29.- - Paynes, Spencer & Co., manufacturers of school and church furniture, have assigned. The failure was caused by the failure of the Merlin Furniture factory of St. Louis. The liabilities are $50,000, and the assets $68,000.

3. June 30, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, June 30, 1893

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BUSINESS EMBARRASSMENTS. A Few Small Bank Suspensions and Failures in Trade Reported Yesterday. SIOUX CITY, Ia., June 29. -The failure of the Union Trust Company was announced to-day by E. M. Donaldson, its secretary, who filed a petition for a receiver. The statement shows liabilities of $330,000 and assets $450,000. The stock is largely held in New Hampshire. It is stated that when the assets can be realized upon all creditors will be paid in full. ST. LOUIS, June 29.-A note for $1,500. given by Post, Martin & Co., coal dealers. to the Madison Car Company. by which it was indorsed and then sold, has been allowed to go to protest. Beyond saying that the paper will be cared for the Madison Car Company refused to discnas the matter. NEW YORK, June 29.-The failure of J. B. McGeorge, stock broker at No. 20 Broad street, was announced on the Stock Exchange yesterday. He had been a member of the exchange since March 31, 1887. His liabilities are less than $150,000. ST. PAUL, Minn., June 29.-The Pine County Bank. at Hinckley, and a branch bank at Sandstone, owned by W. H. Grant & Son, have closed their doors. There was nearly $60,000 on deposit in the Pine County Bank. ST. LOUIS, June 29.-It is announced here that in the United States Court of the Indian Territory James W. Brockmorton and F. I. N. Guyeu have been appointed receivers of the Choctaw Coal and Railway Company. PITTSFIELD, Mass., June 29.-The court has granted a warrant in insolvency against the H. D. Cone & Owen Paper Company, of Housatonic. EDWARDSVILLE, III.. June 29.-The hardware firm of H. G. Reinmer & Co., of Giant Fork. has failed. Liabilities, $34,000; assets. $27,000. PHILADELPHIA, June 29.-W. H. Harrison & Bro., manufacturers of marble mantels. have confessed judgments amounting to $10,250. CHICAGO, June 29. - -David M. Pollack & Co., millinery goods, confessed judgment yesterday for $48,000. LOCK HAVEN, Pa., June 29.-The doors of the State Bank of Lock Haven have been closed. BOSTON, June 29.-W. C. Jackson & Co., coal aealers, have assigned. Liabilities $40,000.

4. June 30, 1893 Vermont Phล“nix Brattleboro, Bellows Falls, Ludlow, VT
Article from Vermont Phล“nix, June 30, 1893

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The failure of the Union Trust company of Sioux City, Ia., was announced Wednesday. Liabilities, $350,000; assets, $450,000. The stock is largely held in New Hampshire. It is stated that when the assets can be realized upon, all creditors will be paid in full. The suspension of the St. Paul and Minneapolis Trust company wasannounced at Minneapolis Tuesday night. A card from the president says that its assets exceed its liabilities by $200,000, and that it will pay in full. The company closed because it could not collect money due it from good, responsible parties. The immediate cause of the failure was the presentation of a check for $19,000. While the company had money to pay this and much more the officers felt that all creditors should be treated alike. It will undoubtedly resume business. The crime for which Julia Force of Atlanta has just been tried was almost as remarkable as the Borden mystery. But in this case there was no uncertainty as to the murderer. Miss Force was her own accuser, and she stated that she killed her two sisters for the sake of being hanged, thus bringing disgrace upon her brother, whom she hated. She said the ignominy of her death on the gallows would afford the severest punishment to which she could subject him and for that reason she spared his life. The jury returned a verdict of not guilty on the ground that the woman was insane.

5. August 22, 1893 The Record-Union Sacramento, CA
Article from The Record-Union, August 22, 1893

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SHORT IN THEIR ACCOUNTS. RETURN OF THREE MEN ANXIOUSLY AWAITED. An Iowa Bank Wrecker Gets Away With About Six Hundred Thousand Dollars. Special to the RECORD-UNION. KANSAS CITY, Aug. 21.-Henry Woolmer, attorney for Special Bank Examiner Latimer, acting as special agent of the First National Bank of Marion. Kansas, filed attachments to-day against George D. Galbraith, Special Bank Examiner in charge of the National Bank of Kansas City, the National Bank of Commerce and the American National Bank, by E. M. Donaldson, President of the First National Bank of Marion, Kansas. It is charged that Donaldson secured loans from the bank of which he was President for personal use, without adequate security. He has since disappeared, and the bank is short $23,013. James Doughty of Sioux City arrived to-day, and after a conference with Attorney Wallman and Bank Examiner Latimer, swore out a warrant for Donaldson's ..rrest for alleged embezzlement, misappropriation and forgery. The facts told by Mr. Doughty made Donaldson's embezzlement from the Marion Bank appear simply a drop in the bucket compared with the ex-banker's transactions in Iowa. Donaldson, in the eighties, besides owning a majority of the stock of the First National Bank of Marion, Kansas, controlled two State banks. His transactions, through them, were not successful, and in 1886 he closed out two small banks, and, securing considerable money from the Marion Bank, started the Union Trust Company of Sioux City, Iowa. As feeders for it he established a chain of banks in Iowa, eleven in number. His ventures, however, did not develop according to expectations, and from subsequent events it became apparent that he was determined to realize what cash he could and leave the country. Accordingly, last winter he opened a branch office hereand disposed of a large amount of securities and assets of the town concern. The Union Trust Company was among the first financial institutions to go under when the financial difficulties began last spring. With it went down the eleven lowa banks. Doughty, who was interested in the Union Trust Company, says an examination of that company's affairs and the affairs of the eleven Iowa banks shows a deficit of at least $600,000. LEFT FOR PARTS UNKNOWN, OGDEN, Aug. 21.-To-day a warrant was issued for the arrest of Alfred H. Nelson, formerly Secretary and Manager of the Ogden Buildings and Savings Association of this city, for embezzlement of funds of the company. His estimated shortage is about $13,000. Nelson and family left for parts unknown early this morning. FATHER AND SONS ARRESTED. INDIANAPOLIS, Aug. 21.-This afternoon Theodore P. Haughey, President of the wrecked Indianapolis National Bank, was arrested at his home near this city, on a warrant sworn out by Receiver Hawkins, charging him with embezzlement and misapplication of the funds and credits of the bank. Simultaneously with the arrest of Haughey. Federal officers arrested his son, Schuyler C. Haughey, President of the Indianapolis Curled Hair Works and Indianapolis Glue Works, and later Francis A. Coffin, President of the Indianapolis Cabinet Company; Percival Coffin, Vice-President of the company, and Albert T. Reed, Treasurer of the same concern. Young Haughey, Coffin and Reed are charged with having aided and abetted the elder Haughey in embezzlements and misappropriation of credits charged against him. The arrested men were taken before United States Commissioner Van Buren, who released them on bonds

6. August 22, 1893 The Record-Union Sacramento, CA
Article from The Record-Union, August 22, 1893

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SHORT IN THEIR ACCOUNTS. RETURN OF THREE MEN ANXIOUSLY AWAITED. An Iowa Bank Wrecker Gets Away With About Six Hundred Thousand Dollars. Special to the RECORD-UNIONAL KANSAS City, Aug. 21.-Henry Woolmer, attorney for Special Bank Examiner Latimer, acting as special agent of the First National Bank of Marion. Kansas, filed attachments to-day against George D. Galbraith, Special Bank Examiner in charge of the National Bank of Kansas City, the National Bank of Commerce and the American National Bank, by E. M. Donaldson, President of the First National Bank of Marion, Kansas. It is charged that Donaldson secured loans from the bank of which he was President for personal use, without adequate security. He has since disappeared, and the bank is short $23,013. James Doughty of Sioux City arrived and after a conference with AttorWallman and Bank to-day, ney Examiner Donaldson's Latimer, swore outa warrant for Arrest for alleged embezzlement, misappropriation and forgery. The facts told by Mr. Doughty made Donaldson's embezzlement from the Marion Bank appear simply a drop in the tucket compared with the ex-banker's transactions in Iowa. Donaldson, in the eighties, besides owning a majority of of the stock of the First National Bank Marion, Kansas, controlled two State banks. His transactions, through them, were not successful, and in 1886 he closed out two small banks, and, securing considerable money from the Marion Bank, started the Uuion Trust Company of Sioux City, Iowa. As feeders for it he established a chain of banks in Iowa, eleven in number. His ventures, however, did not develop according to expectations, and from subsequent events it became apparent that he was determined to realize what cash he could and leave the country. Accordingly, last winter he opened a branch office here and disposed of a large amount of securities and assets of the town concern. The Union Trust Company was among the first financial institutions to under when the financial difficulties began last spring. With it went down the eleven lowa banks. Doughty, who in the Union Trust Coman examination company, was interested says of that pany's affairs and the affairs of the eleven Iowa banks shows a deficit of at least $600,000. LEFT FOR PARTS UNKNOWN. OGDEN, Aug. 21.-To-day a warrant was issued for the arrest of Alfred H. Nelson, formerly Secretary and Manager of the Ogden Buildings and Savings Associaof this city, for embezzlement of of the tion funds company. His Nelson estimated and shortage is about $13,000. family left for parts unknown early this morning. FATHER AND SONS ARRESTED. INDIANAPOLIS, Aug. 21.-This afternoon Theodore P. Haughey, President of the wrecked Indianapolis National Bank, at his home near this city, sworn out him and of charging misapplication the on ment Hawkins, was a arrested warrant Simultaneously with by embezzle- Receiver funds and credits of the bank. with the arrest of Haughey. Federal officers arrested his son, Schuyler C. Haughey, President of the Indianapolis Curled Hair Works and Indianapolis Glue Works, and later Francis A. Coffin, President of the Indianapolis Cabinet Company; Percival Coffin, Vice-President of the company, and Albert T. Reed, of the same concern. Coffin and Reed are Treasurer Haughey, the charged Young elder with having aided and abetted Haughey in embezzlements and misappropriation of credits charged against arrested men were taken beStates Van fore him. United The Commissioner bonds Buren. who released them on

7. August 22, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, August 22, 1893

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Donaldson, president of the First National bank, of Marion, Kan. It is charged that Donaldson secured loans from the bank, of which he is president, for personal use without adequate security. He has since disappeared and the bank is short $23,013. James Doughty, of Sioux City, arrived today and after a conference with Attorney Wollman and Bank Examiner Latimer swore out a warrant for Donaldson's arrest, alleging embezzlement, misappropriation of funds and forgery. The facts as told by Mr. Doughty make Donaldson's embezzlement from the Marion bank appear simply a drop in the bucket compared with the ex-banker's transactions in Iowa, Donaldson, who is in the eighties, besides owning a majority of the stock of the First National bank of Kansas City, controlled two state banks. His transactions through them were not successful, and in 1886 he closed out the two small banks and, securing considerable money from the Marion bank, started the Union Trust Company, of Sioux City, Ia. As feeders for it he established a chain of banks in Iowa, eleven in number. His ventures, however, did not develop according to his expectations, and from subsequent events it becomes apparent that he determined to realize what cash he could and leave the country. Accordingly, last winter he opened a branch office here and disposed of a large amount of the securities and assets of the Iowa concerns. The Union Trust Company was among the first financial institutions to go under when the financial difficulties began last spring. With it went down the eleven Iowa banks. Doughty, who was interested in the Union Trust Company, says the examination of the company's affairs and the affairs of the eleven Iowa banks shows a deficit of at least $600,000. # Indianapolis Bank-Wreckers Arrested. INDIANAPOLIS, Aug. 21. -This afternoon Theodore P. Haughey, president of the wrecked Indianapolis National bank, was arrested at his home near this city on a warrant sworn out by Receiver Hawkins, charging him with embezzlement and misapplication of funds and credits of the bank. Simultaneously with the arrest of Haughey Federal officers arrested his son, Schuyler C. Haughey, president of the Indianapolis Curled Hair Works and Indianapolis Glue Works, and later Francis A. Coffin, president of the Indianapolis Cabinet Company; Percival Coffin, vice president of the company and Albert T. Reed, treasurer of the same concern. Young Haughey, Coffin and Reed are charged with having aided and abetted the elder Haughey in the embezzlements and misappropriations charged against him. The arrested men were taken before United States Commissioner Van Buren, who released them on bonds furnished as follows: Theodore P. Haughey, $10,000; Schuyler C. Haughey, $10,000; Francis A. Coffin, $5,000; Percival Coffin, $5,000, and Albert T. Reed, $5,000.

8. August 22, 1893 The Sun New York, NY
Article from The Sun, August 22, 1893

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GONE WITH $600,000. E. M. Donaldson, a Western Bank Promoter, Is Mysteriously Missing. KANSAS CITY, Aug. 21.-E. M. Donaldson of Marion. Kan., is missing. He was President of the Union Trust Company of Sioux City. Ia., which failed on June 28, and of the First Nantional Bank of Marion. which was closed by a special examiner last week. Developments to-day show that Donaldson has fled the country and is probably in Mexico, a defaulter to the amount of at least $600,000. He is believed to have most of this money with him. The shortage at the Marion Bank is only $23,000. Most of Donaldson's victims are Eastern capitalists and the people of western Iowa. Donaldson was a school teacher at Marion. and during the real estate boom from 1885 to 1888 made considerable money. He removed to Iowa in 1888 and organized the Union Trust Company. Its stockholders were Eastern capitalists who had been holders of stock in the Kansas concerns and had it transferred. The main object of the concern was to loan money to cattlemen. Donaldson established a chain of eleven banks at different towns in Iowa. He was President of each, and the sole head of the trust company. Assignee Doty of the suspended concerns was here to-day and says that in all the banks and the trust company not a dollar's worth of assets has been found. He says Donaldson ran off with at least $600,000. Donaldson opened an office here last November and until June was engaged in getting rid of the assets of the Iowa concern. He also raised tens of thousands of dollars in the East on paper purporting to be secured by herds of cattle which never existed. It is also charged that he forged notes. and on this charge a warrant has been issued.

9. August 24, 1893 Grant County Herald Lancaster, WI
Article from Grant County Herald, August 24, 1893

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STOLE HEAPS OF MONEY. Flight of E. M. Donaldson, Whose Career Is Very Checkered. KANSAS CITY, Mo., Aug. 22.-From school-teacher to Napoleon of finance and thence to a defaulter is the story of E. M. Donaldson, late of this city, secretary and manager of the Union Trust company of Sioux City, la., president of the First national bank of Marion, Kan., and of eleven Iowa banks, who fled Tuesday, presumably sto Mexico, and left behind him a record as an artistic looter of banks that is seldom surpassed All of the institutions he was connected with are in receivers hands. He is supposed to have taken with him about $800,000 of other people's money. From the Union Trust company alone he took $600,000. From the Kansas and Iowa banks $200,000 is a conservative estimate of his stealings. Forgery is one of the many charges against him, and a deputy marshal is now on his trail in Mexico armed with a warrant for his arrest for erasing his indorsement to a note for $5,000.

10. August 25, 1893 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, August 25, 1893

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THE LATFST. THE world's -fair directory has requested Theodore Thomas to resume charge of the music. THE president has issued his proclamation opening the Cherokee strip to settlement at the hour of 12 o'clock noon, central standard time, Saturday, September 16. THE American Bankers' association has issued a circular calling upon bankers to sign a petition for repeal of the Sherman law and to make energetic effort to influence congress. WALTER SANGER, the bicycle champion, has been expelled from the Milwaukee club for refusing to appear in a race after being advertised. DIXON, the colored pugilist so often successful in light-weight contests, was defeated by Plimmer in a late contest at Madison square garden, New York. JAPAN has made a demand upon the provisional government of Hawaii for suffrage for the Japanese. VOORHEES occupied the attention of the senate on the 22d with a speech defending the administration on the silver question. The discussion continued in the house, at times becoming monotonous. THERE is a report that China will not retaliate for the Geary law until after the next session of congress THE national encampment of the Farmers' alliance opened at Mt. Gretna, Pa., on the 22nd with 10,000 present. An address was delivered by Hon. Ben Terrell, of Texas. CROP bulletins of Illinois and Iowa say that recent rains have been greatly beneficial to corn, though more is needed yet, especially in portions of Illinois. Apples and potatoes will be short in Illinois. AT Caldwell, Id., the house of a family named Brookshire, lately from Missouri, was burned. Two children aged 4 and 2 years were burned to death. THE private bank of J. N. Knapp & Co., of Cedar Falls, Ia., failed to open its doors. THREE men were killed and several seriously hurt by the murderous folly of a militiaman in a track trouble at Gilberton, Pa. E.M. DONALDSON, president of the Marion (Kan.) First national bank, also of a dozen lowa banks and secretary of the Union Trust Co., Sioux City, all suspended institutions, is a fugitive, charged with forgery and embezzlement of over $600,000. THE railroads of South Carolina have won a victory over the dispensary law of that state.

11. August 25, 1893 Highland Recorder Monterey, VA
Article from Highland Recorder, August 25, 1893

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Stole $600,000. KANSAS CITY, Mo., Aug. 21.--E. M. Donaldson, late of Kansas City, secretery of the lately suspended Union Trust company of Sioux City Io., president of the defunct First National Bank of Marion, Kas., and general speculator, now known as a defaulter and fugitive. is pronounced by those who knew him best as perhaps the cleverest man with tongue and pen who ever struck Kansas City. Donaldson's tongue and pen have served him well, at the expense of the people of many States. He has robbed the Marion Bank, accor ding to the report of the examiner, of $23,000. This, however, is but a drop in the bucket. The receiver of the trust company, of which Donaldson was the head and front, says that he has gobbled up at least $600,000 in cash and the reciver believes that he has fled with fully this amount. Forgery is only oneof many charges against him, and for this a warrant has been issued in this city and a Deputy Marshal, it is stated, is now in Mexico for the purpose of placing him under arrest.

12. August 26, 1893 Baxter Springs News Baxter Springs, KS
Article from Baxter Springs News, August 26, 1893

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THE WEST. THEGerman-American national bank, of St. Paul, which suspended a few days ago, will resume business just as soon as the necessary formalities can be complied with. ST. PAUL and Minneapolis publishers are talking of reduced prices for typesetting. AN express car containing a consignment of gold for Chicago was wrecked on the Fort Wayne, at Whiting, Ind., and the coin was scattered in the road but was all saved. IT was reported that soldiers and a band of sooners had fought on the strip and that three of the sooners had been killed. THE other night an unarmed body of laboring men waited on the Chinese restaurants in Selma, Cal., and deported the keepers, sending them out of town quietly and using no violence. GEORGE A. DEAN, an actor in Denman Thompson's "Old Homestead" company, dropped dead of apoplexy in Chicago. Dean, who was 65 years old. has played the part of Cy Prime in the company ever since the play was first put on the stage. THIEVES broke into the rooms of the republican city committee, of Indianapolis, and stole all the precinct poll books for one ward and other valuable information. By an explosion in the boiler-room of a wire works at Joliet, Ill., restarting has been delayed, one man was killed and two fatally hurt. IN order that they may not adjoin any of the Cherokee allotments the county seats and land offices in the strip have all been moved. IT is said at Denver, Col., that Will R. Perry gutted the county funds to the amount of $22,000 before he absconded. A REPORT has it that Treasurer McCurtain, of the Choctaw nation, has failed with $500,000 of the lease money. THE world's fair directory has requested Theodore Thomas to resume charge of the music. WALTER SANGER, the bicycle champion, has been expelled from the Milwaukee club for refusing to appear in a race after being advertised. CROP bulletins of Illinois and Iowa say that recent rains have been greatly beneficial to corn, though more is needed yet, especially in portions of Illinois. Apples and potatoes will be short in Illinois. AT Caldwell, Id., the house of a family named Brookshire, lately from Missouri, was burned. Two children aged 4 and 2 years were burned to death. THE private bank of J. N. Knapp & Co., of Cedar Falls, Ia., failed to open its doors. E. M. DONALDSON. president of the Marion (Kan.) First national bank, also of a dozen Iowa banks and secretary of the Union Trust Co., Sioux City, all suspended institutions, is a fugitive, charged with forgery and embezzlement of over $600,000. THE Butlen-Mueller Co., Milwaukee, dealer in lumber, has assigned. THE Indiana Manufacturing Co., of Peru, Ind., one of the largest woodworking establishments in the west, made a general assignment of 10 per cent. among its employes. THE People's bank, of St. Paul, Minn., which closed August 4 in order to protect its creditors from a prospective run, although at that time perfectly solvent and able to pay all depositors, has reopened. CONSTABLE JOE JONES was instantly killed at Paul's Valley, I. T., by John Stevenson, whom he was trying to arrest. THE Ohio Stone Co., of Cleveland, went into the hands of a receiver. Assets about $300,000 and liabilities $250,000. THEODORE HAUGHEY, his son Schuyler Haughey and three others asso-v ciated with them, have been arrested at Indianapolis charged with wrecking the Indianapolis national bank. The arrests were made by the United States

13. August 30, 1893 The Vermont Watchman Montpelier, VT
Article from The Vermont Watchman, August 30, 1893

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# DOMESTIC IN BRIEF. THE Merrimack mills of Lowell, Mass., employing 2,500 hands, started up last Monday morning. ACTOR CURTIS has been found "not guilty" of murdering a policeman in San Francisco over a year ago. LUCIUS TUTTLE, vice-president of the New York, New Haven & Hartford railroad, has been elected president of the Boston & Maine, to take effect October 11 next. THE suit involving 2,000,000 acres of land in Minnesota between the St. Paul & Northern Pacific and St. Paul, Minneapolis & Manitoba railroads has been decided in favor of the former by Judge Williams of St. Paul. E. M. DONALDSON, president of the defunct Union Trust Company of Sioux City, Ia., has fled the country. He is said to be a defaulter to the amount of $600,000, and is believed to have most of this money with him. It is thought he is in Mexico. THE Michigan Peninsular car shops at Detroit, Mich., have shut down for three months. The directors have voted to lay off all office employes for three months without pay, and lay off all superintendents and chiefs of departments for the same period on half pay. An official of the company says contracts could be secured easily enough, but that railroad companies are not able to get money to pay for cars, and the shops cannot run on credit. THE storm that swept over New York and a portion of New England last week Thursday night was the most destructive of any in many years. More than 300 of the stately elms in New Haven, Conn., were torn up by the roots or broken off. The damage in the harbor was the greatest known for years. The oyster beds have especially suffered. They are thought to be completely banked in mud by the action of the wind and waves and may prove a total loss. If so, the money damage will be many hundreds of thousands of dollars. In the vicinity of the city hall park, New York, the havoc wrought was especially severe. Limbs were torn from trees, and many buildings were unroofed. The twitter of the sparrows was hushed, for hundreds of them lay dying or dead. It was not that they had been struck by lightning, but that roused from their slumber in the dead of night, they had scarce time to take their heads from beneath their wings when the pitiless rain and wind combined tumbled them from their perch and they fell dazed to the grass beneath. There they lay trembling in fear until they became soaked completely through and died.

14. August 31, 1893 The Sun New York, NY
Article from The Sun, August 31, 1893

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BANKERS UNDER A CLOUD. One Gives Himself Up and Two Others Are Fugitives. CITY OF MEXICO. Aug. 30.-E M. Donaldson. President of the defunct First National Bank of Marion. Kan.. and Secretary of the suspended Union Trust Company of Sioux City, Ia. who is alleged to be a defaulter to the amount of $600.000, was in this city last week. He left on Sunday and his present whereabouts are unknown. MILWAUKEE. Aug. 30.-T. Day. President of the Plankinton Bank. who disappeared soon after the bank failed. and who has since been indicted for illegal banking and embezzlement. appeared in the Municipal Court this morning and pleaded not guilty. He was released on $15,000 bail. Mr. Day has spent most of his time at a Michigan health resort since he left Milwaukee. CHICAGO. Aug. 30.-Adam W. Jaeger. assignee for Conrad L. Niehoff. the insolvent banker. made a report in the County Court to-day which shows that the banker's cash account is short to the extent of $109.114. The assignee also says that $79,114 has been embezzled by Niehoff's sons, Frank J. and Otto E.. both of whom. together with their father. have left for parts unknown. Jaeger says that the books of the institution are in a bad condition, unposted. improperly and erroneously kept with footings forced. assets increased and liabilities decreased. Jaeger asked Judge Scales to accept his resignation as assignee.

15. September 1, 1893 The Iola Register Iola, KS
Article from The Iola Register, September 1, 1893

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THE WEST. WALTER SANGER, the bicycle champion, has been expelled from the Milwaukee club for refusing to appear in a race after being advertised. A REPORT has it that Treasurer McCurtain, of the Choctaw nation, has failed with $500,000 of the lease money. E. M. DONALDSON, president of the Marion (Kan.) First national bank, also of a dozen Iowa banks and secretary of the Union Trust Co., Sioux City, all suspended institutions, is a fugitive, charged with forgery and embezzlement of over $600,000. AT Caldwell, Id., the house of a family named Brookshire, lately from Missouri, was burned. Two children aged & and 2 years were burned to death. THE world's fair directory has requested Theodore Thomas to resume charge of the music. IT is said at Denver, Col., that Will R. Perry gutted the county funds to the amount of $22,000 before he absconded.

16. September 2, 1893 Baxter Springs News Baxter Springs, KS
Article from Baxter Springs News, September 2, 1893

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Donaldson in Mexico. CITY OF MEXICO, Aug. 31.-M. Donaldson, president of the defunct First national bank of Marion, Kan., and secretary of the suspended Union Trust Co. of Sioux City, Ia., who is alleged to be a defaulter to the amount of $600,000, was in this city last week. He left on Sunday, and his present whereabouts are known,

17. September 3, 1893 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, September 3, 1893

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Neuralgic headaches promptly cured by Bromo-Seltzer-trial bottle 10 cents. BANKER DONALDSON. MARION, Kan., Sept. 2.-[Special.]-Mrs. E. M. Donaldson of Marion, Kan., wife of the alleged bank wrecker, requests the publication of the following: "E. M. Donaldson's friends will, in a few days, publish a full account of his relations with the various incorporations said to have been wrecked by him, and will be able to substantially prove that the grave charges brought against him are utterly false and groundless." The object in printing the above is to prepare the public for a statement in refutation of the charges recently brought against Mr. Donaldson. Mrs. Donaldson says that the fortheoming reply to the charges in question will be attested by Fred L. Frazer, cashier of the First National bank of Marion; James H. Doughty, receiver of the Union Trust company of Sioux City, Ia,; H. M. Whinney; cashier of the Ida Grove (Iowa) National bank. and other responsible men connected with the institutions Mr. Donaldson is accused of wrecking.

18. September 9, 1893 Western Kansas World Wakeeney, KS
Article from Western Kansas World, September 9, 1893

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A Kausas Man Traveling. CITY OF MEXICO, September 1.-M. Donaldson, president of the defunct First National bank of Marion. Kansas, and secretary of the suspended Union Trust company of Sioux City, Ia., who is alleged to be a defaulter to the amount of $60,000, was in this city last week. He left Sunday and his present whereabouts are unknown.

19. September 19, 1893 Evening Star Washington, DC
Article from Evening Star, September 19, 1893

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An action was begun yesterday to have a receiver appointed for the Union Trust Company of Sloux City, Iowa.

20. September 29, 1893 Iowa County Democrat Mineral Point, WI
Article from Iowa County Democrat, September 29, 1893

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A FEW FAILURES. The Stringency Still Strewing the Way With Wrecks. Tacoma, Wash., Sept. 21.-The Port Townsend National bank of Port Townsend failed to open this morning, the result of the suspension of the Commercial National and Portland Savings bank of Portland. The total liabilities of the Port Townsend National are less than $10,000; assets between $120,000 and $130,000. The officials say they will resume in thirty days. Grand Rapids, Mich., Sept. 20.-The Michigan Trust company, assignee of Nelson, Matter & Co., has reported assets of $497,033, and liabilities of $508,862. Napierville, Ill., Sept. 20.-The Chicago & Napierville Brewing and Malting company, organized early in the spring, has been placed in a receiver's hands. Topeka, Kan., Sept. 20.-An action was begun in the United States circuit court Monday to have a receiver appointed for the Union Trust company of Sioux City, Iowa. The suit is brought by T. C. Brown. The petition for a receiver, as filed in the circuit court, states that E. M. Donaldson is a fugitive from justice.