Citizens Savings & Loan Association (Akron, OH)

Episode Information

Episode UID
8434128491123
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
843412849 hash
Start Date
July 29, 1893
Location
Akron, Ohio (41.081, -81.519)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8e807d1a9f0a18ca

Response Measures

None

Description

Receiver appointed; later depositors agreed to reopen with scheduled payouts and a new company name was planned.

Events (4)
1. July 29, 1893 Suspension
Cause
Macro News
Cause Details
Constant drain on resources from heavy withdrawals amid the wider 1893 financial stringency.
Newspaper Excerpt
The Citizens' Savings and Loan Association of Akron closed its doors at 10:30 this morning. The cause given was constant drain upon resources by drawing out of deposits.
Source
newspapers
2. July 30, 1893 Receivership
Newspaper Excerpt
Edwin F. Voris has been appointed receiver. The company called for a receiver, and Ed. F. Voris, Esq., was appointed.
Source
newspapers
3. August 9, 1893 Other
Newspaper Excerpt
The depositors ... decided to allow the bank to reopen and pay depositors in 3,6,9, 12 and 15 months from date of opening, September 1.
Source
newspapers
4. September 1, 1893 Other
Newspaper Excerpt
Reopening scheduled September 1 with payments to depositors in installments; association will not resume under its old name; a new company with a new title will be formed.
Source
newspapers

Newspaper Articles (17)
1. July 29, 1893 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, July 29, 1893

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TODAY'S FAILURES. One of the Oldest Firms in the Country. HAMILTON, Ohio, July 29.-McNeal & Urban, safe an 1 lock company, one ofthe oldest safe firms in the country assigned. The assets are $160,000; liabilitiesure unknown. The firm claims to be solvent. AKRON, O., July 29.-The Citizens' Savings and Loan association failed this morning. It will pay in full. The capital is $100,000 and the surplus $80,000. KANKAKEE, Ills., July 29.-The First National bank failed this moruing. The assets are sufficient to pay the depositors in full. PORTLAND, Ogn., July 29.-The Commercial National, Portland Savings bank and the Alnsworth National bank failed this morning. With the exception of a slight run on the First National, the largest bank in the city, there was no excitement.

2. July 29, 1893 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, July 29, 1893

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TELEGRAPHIC BREVITIES. Lewis & Dryden, the largest publishing house in Oregon, has gone into the hands of a receiver. George T. Carpenter, chancellor of Drake Univerity, at Des Moines, Iowa, died at 11 o'clock this morning. The loan committee of the New York clearing house issued $50,000 certificates making total outstanding to date $25,450,000. A registered mail pouch containing $50,000 in securities left the Salt Lake postoffice, eastbound, July 8, and has not since been heard from. At the pienic of the hop growers association at Sylvan Beach near Rome, N.Y., to-day, Senator David B. Hill made an eloquent address, his subject being "Personal Liberty." The building occupied in Chicago by the Chicago Oil Refining Co., a large lumber shed, and four dwelling houses were destroyed by fire last evening. Loss $65,000, insurance about the same. In Mobile, Alabama, yesterday, Bolivar Hudson, a man 69 years old, was convicted of a homicide committed 24 years ago and sentenced to five years i nprisonment in the penitentiary. Gov. Boies, of Iowa, says he is through with politics. Under no circumstances will he accept another nomination for Governor, and says he would not accept the senatorship as a gift. A cable dispatch from London says the yacht Britannia has been selected to protect the gold cup challenged for by the American yacht Navahoe in September. The race will take place off the Isle of Wight. George C. Perkins, the newly appointed U. S. Senator from California yesterday said "I am in favor of bimetallism to a certain extent and will do everything that I consider will benefit the middle classes of the country on which I consider our prosperity mainly depends." The Pennsylvania Railroad Company is preparing to run a series of excursions to Chicago for its emplyees. Transportation will be free and the employces will be given a week's holiday. The transportation agreement provides that the wives, daughters and brothers of the employees may accompany them. The first train will leave New York to-day. At Pittsburg this afternoon a seven story brick and iron building at the corner of Spring alley and Ninth street, owned by the Second National Bank collapsed and crumbled to the ground. About forty workmen were seated inside the building eating their dinners. The men all rushed for the street and escaped, save two, who are yet missing and are supposed to be covered under the many tons of debris. Chambersburg, Pa., was crowded yesterday with people from all along the Cumberland Valley from Harrisburg to Winchester, Va., to witness the dedication of the monument erected by popular subscription. This monument commemorates the burning of Chambersburg by Confederate forces under General McCausland on July 30, 1864 The exercises consisted of a parade, participated in by civic and military organizations from a radius of fifty miles, the singing of national airs by a choir of one hundred voices, and an oration by W. I. Cook, of Baltimore. The monument was presented to and accepted by the City Council. No. 2 Corning Mill of the American Powder Company at South Acton, Mass., blew up at 8:20 o'clock this morning. One man was instantly killed. The explosion was very severe and broke most of the glass in the buildmgs near the mills. There were 2,500 pounds of powder in the mill at the time. Last year the company had two mills blown up. An amputation of the hip joint, one of the most dangerous of operations and the thirteenth of its kind in the annals of surgery in this country, has been successfully performed upon Mrs. Josephine Jaherg, of Rahway, N. J., by Dr. Victor Marvlag. The form of operation was that known as Diffenbach's operation. The following failures are reported to-day Farmers and Merchants' Bank of Covington, Ind.; the C. W. Chapin & Co.'s private bank at Stanton, Mich the Pineville Banking Company at Pineville, Ky; the Citizens' Savings and Loan Association's Bank of Akron, Ohio; and the First Natiodal Bank of Kankakee, Ills. NEW YORK APPOINTMENTS.-President Cleveland's private Secretary, Mr.

3. July 29, 1893 Evening Star Washington, DC
Article from Evening Star, July 29, 1893

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WESTERN BANKS CLOSE. Ex-Treasurer Nebeker's Institution Goes to the Wall. AKRON, Ohio, July 29.-The Citizens' Savings and Loan Association of Akron closed its doors at 10:30 this morning. The cause given was constant drain upon resources by drawing out of deposits. The bank is regarded as in a perfectly sound condition, and will pay dollar for dollar. The capital stock is $100,000, with $80,000 surplus. The company was organized and incorporated in 1872. The suspension created no surprise in Akron. COVINGTON, Ind., July 29.-The Farmers and Merchants' Bank of this city, closed up at 1 o'clock vesterday. At noon the cashier said the reason was the present financial stringency, and inability to realize on its security. Ex-United States Treasurer Nebeker is the president. LOUISVILLE, Ky., July 29.-The Pineville Banking Co. at Pineville, closed its doors yesterday. It was considered the best bank in Southeastern Kentucky. The president will surrender all his individual property to help the bank out. KANKAKEE, Ill., July 29.-The First National Bank of this city falled to open its doors this morning. A notice posted on the doors states that the assets are ample to meet all claims. The bank has a paid-up capital of $50,000 and a large surplus. It was organized in 1871. The bank carried a large line of customers and has been and still is considered all right. E. "Cobb, the president of the bank, is the heaviest stockholder and is a very wealthy man. It is probable that the bank will resume in a short time. The Merchants' National of Chicago and American Exchange National of New York are its principal correspondents.

4. July 30, 1893 The Helena Independent Helena, MT
Article from The Helena Independent, July 30, 1893

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BUSINESS TROUBLES. Failures in Different Sections of the Country-Assets Are Ample. PORTLAND. Ore., July 29.-The Commercial National bank. the Portland Savings bank and the Ainsworth National bank failed this morning. With the exception of a slight run on the First National. the largest bank in the city, there is no excite. ment. The Commercial National and the Portland Savings banks are under the same management. The notice posted says the suspension is temporary and depositors will be paid in full. The Commercial National has n capital of $250,000, the Ainsworth National $100,000. YOUNGSTOWN. O., July 29.-As a reanis of malicious rumors n run started on the Dol. lar Savings and Trust company this morning. The bank required legal notice And not n dollar was paid out. It has wealthy stockholders. A number of merchants drew large some from other banks and daposited with it, allaying the excitement. NEW YORK, July 29.-As a result of the action of the savings bank presidents at a meeting Inst night declaring they would require the legal notice for the withdrawal of funds, caused elight runs on the savings banks of this city and Brooklyn to-day. They are all able to protect themsel ves under the time clause of the law, and no failures occurred or ale anticipated. HAMILTON, Ohio, July 29. - The McNeal & Urban : afe and Lock company, one of the oldest safe films in the country, have assigned. AsHets $160,000, liabilities unknown. The firm claims to be solvent. NEW WHATOOM, Wash., July 29.-This morning the Paget Sound Loan, Trust and Bauking company suspended temporarily. The bank is capitalized At $125.000. Liabilities $50,000, assets $200,000. EAU CLAIRE, Wie., July 29.-The Commercial bank, capitalized at $500,000, was placed in the hands of a receiver to-day. President Allen said: 'We calculate depositors will not lose a dollar." KANKAKEE, Ill., July ).-The - First National bank failed this morning. Assets sufficient to pay depositors in full. AKRON, Ohio. July 29.-The Citizens Savings and Loan association failed this morning. It will pay in full.

5. July 30, 1893 The Times Richmond, VA
Article from The Times, July 30, 1893

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MORE FINANCIAL TROUBLES. The Citizens' Savings and Loan Association Closed. AKRON, O., July 29.-The Citizens' Savings and Loan Association of Akron closed its doors this morning. The cause given is the constant drain upon its resources by the drawing out of deposits. The bank is regarded as perfectly sound in condition, and will pay dollar for dollar. The capital stock is $100,000 with $80,000 surplus. The company was organized and incorporated in 1872. The suspension created no surprise in Akron. Tannie Aeld Factory to Shut Down. KNOXVILLE, TENN.. July 29.-The tannic acid factory of this city will be shut down next week indefinitely. This plant was erected several months since by the Standard Tannery Company, of Chicago, and represents an outlay of over $100,000. Over 200 men will be thrown out of employment. Run on Trenton Savings Bank. TRENTON, N. J., July 29.-A run com. menced this morning on the Trenton Savings Bank, and by noon about $30.000 was paid out. The bank is one of the strongest in the State, having a clean surplus of $260,000. The money was in new silver dollars, just received from the Philadelphia mint. All Trenton is in excellent shape, and no suspensions will occur. Pineville Banking Company Closed. LOUISVILLE, KY., July 29.-The Pineville Banking Company, at Pineville, closed its doors yesterday. It was considered the best bank in Southeastern Kentucky. The president will surrender all his individual property to help the bank out. Farmers and Merchants Bank. COVINGTON, IND., July 29.-The Farmers' and Merchants' Bank, of this

6. July 30, 1893 The Morning News Savannah, GA
Article from The Morning News, July 30, 1893

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A SAVINGS BANK CLOSED. It is Located at Akron and Will Pay Dollar for Dollar. Akron, O., July 29.-The - Citizens' Savings and Loan Association of Akron, closed its doors this morning. The cause given is the constant drain npon the resources by drawing out deposits. The bank is regarded as in perfectly sound condition and will pay dollar for dollar. Its capital stock is $100,000, with $80,000 surplus. The company was organized and incorporated in 1872. The suspension created no surprise in Akron.

7. July 30, 1893 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, July 30, 1893

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An Anticipated Suspension. (By telegraph to the Dispatch.] AKRON. O., July 29.-The Citizen's Savings and Loan Association of Akron closed its doors this morning. The cause given 18 a constant drain upon the resources by the drawing out of deposits. The bank is regarded as in a perfectly sound condition. It will pay dollar for dollar. Capital stock, $100,000. with $80,000 surplus. The company was organized and incorporated in 1872. The suspension created no surprise in Akron.

8. July 30, 1893 The Sun New York, NY
Article from The Sun, July 30, 1893

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business men. These banks remained open after hours. PORTLAND, Ore., July 29.-The Commercial National Bank, Portland Savings Bank, and the Ainsworth National Bank failed to open their doors this morning. With the exception of a slight run on the First National Bank. the largest bank in the city, there is no excitement. The Commercial National and Portland Savings Bank are under the same management, A notice posted on each of the suspended banks says: This bank is forced to temporarily suspend owing to the heavy withdrawal of deposits during the last sixty days and inabile ity to realize on securities. Depositors will be paid in full." The Commercial National Bank had a paidup capital stock of $250,000. The Ainsworth National had n capital stock of $100,000. The statement of the Commercial National and the Ainsworth National published July 12, shows resources as follows: Commercial. $1,950.000; Ainsworth, $687,000. Deposits-Commercial, $1,455,000; Ainsworth. $447,000. The Ainsworth National is a United States depository. No statement has yet been made of the condition of the Portland Savings Bank. It has a capital stock of $260,000 with a surplus of $202,000. AKRON. O., July 29.-The Citizens' Savings and Loan Association of Akron closed its doors at 10:30 o'clock this morning. The cause given WAS constant drain upon resources by drawing out of deposits. The bank is regarded as sound. The capital stock is $100.000. with $60,000 surplus. The company was organized and incorporated in 1872. The suspension created no surprise in Akron. Edwin F. Voris has been appointed receiver. Nelson Stone. cashier of the City National Bank. said he thought the effect of the failure on Akron's financial condition had been discounted. The bank lost $300.000 in deposits last month. CHICAGO. July 20.-Stevens & Ross, who did business in a small way at 204 Fifty-fifth street. under the name of the South Park Bank. failed yesterday. When the depositors called at the bank this morning they found a card on the door which announced: This bank is closed bv order of the Court. T. Stevens. receiver." The failure is a small one and will cut no flgure in financial troubles. GRAND RAPIDS. Mich., July 29.-Local creditors yesterday were advised of the closing of the C. W. Chapin & Co. private bank at Stanton. Montealm county. owing to a rush of depositors for cash. No statement of the assets and liabilities has been given out. LOUISVILLE, July 29.-The Pineville Banking Company at Pineville, Ky., closed its doors yesterday. It was considered the best bank in southeastern Kentucky. The President will surrender all his personal property to help the bank out. FORESTVILLE, N. Y., July 29.-The examiners report that the total liabilities of Ward's Bank foot up $90,000. The assets will not exceed $20,000. MILWAUKEE, July 29.-The Savings Bank of Baraboo. Wis.. closed its doors this morning. This notice was posted: 'Failure to receive money confidentally expected. the stringency of the money market. and inability to realize on assets renders suspension of payment necessary." There are slight runs Oil other banks in the place.

9. July 30, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 30, 1893

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TELEGRAPHIC BREVITIES. Matilda Thiliadean has been appointed postmaster at Clark's Ford, Idaho, vice Venton resigned. The Barber Asphalt company at Buffalo, N. Y., have discharged 1,000 men because of dull times. At Kankakee, Ills., the First National bank failed yesterday morning. The assets are sufficient to pay the depositors in full. Comptroller Eckles has appointed Louis G. Philips receiver of the Merchants' National bank of Great Falls, Mont. At Norfolk, Va., yesterday, Rear Admiral George Brown took command of the Norfolk navy yard, relieving Captain Potter. Army officers are about to test at the Frankfort arsenal samples of smokeless powder made by a California powder company. The Citizens' and Loan association of Akron, O., has failed. It will pay III full. The capital is $100,000 and the surplus $80,000. The private bank of C. M. and Thomas Kees at Forest Grove, Or., closed its doors this morning. Theinstitution is believed to be solvent. The First National bank of Kankakee, Ill., have closed, owing to financial stringency, Liabilities, $147,000; assets, $224,000. It is thought depositors will lose nothing. President Enoch Bryant of Vincennes, Indiana, university has been elected president of the state agricultural college and school of science at Pullman, Washington. Robert H. Barclay, chief clerk of the railway mail service at Helena, Montana, has been promoted to be Superintendent of the tenth division R. M. S., with headquarters at St. Paul. The McNeal & Urban Safe and Lock company of Hamilton, Ohio, one of the oldest safe firms in the country, has assigned. The assets are $150,000, liabilities are unknown. The firm claims to be solvent. Commercial bank of Ean Claire, Wisconsin, capital $500,000 was placed in the hands of a receiver today. President Allen said "we calculate depositors will not lose a dollor." There were light runs on other banks.

10. August 2, 1893 The Enterprise Wellington, OH
Article from The Enterprise, August 2, 1893

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Closed Its Doors. AKRON, July 30.-The bank of the Citizens' Savingsand Loan association, of this city, closed its doors Saturday morning. The constant withdrawal of deposits led to the result. The company called for a receiver, and Ed. F. Voris, Esq., was appointed. The capital stock of the company is $100,000, with $80,000 surplus. The bank is considered perfectly solvent, and no depositor will lose a dollar.

11. August 3, 1893 Grant County Herald Lancaster, WI
Article from Grant County Herald, August 3, 1893

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

12. August 3, 1893 Belmont Chronicle Saint Clairsville, OH
Article from Belmont Chronicle, August 3, 1893

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carbone acid and lowed died. A wagon load of wheat in the sheaf, together with the team, was burned on a farm near Marysville by a spark from a thresher engine. At Corning, Frank Davis and James Clifford were both fatally hurt in a row in a bagnio. Over a dozen incendiary fires have occurred in Cleveland within a short time. Mills in all lines of manufacturing are closing down and many thousands of workmen are being thrown out of employment. In the execution of murderer Taylor at Auburn, N. Y., the dynamo broke down before the man was dead and it was over an hour before the current was turned on again. Jacob Schoal, of near Bucyrus, committed suicide on account of financial troubles. Owing to the hard times the Commander in Chief of the G. A. R. has requested the citizens of Inianapolis to go to no unnecessary expense in entertaining the G. A. R. Pierce Converse, a young Texan, on a visit to his uncle at Ravenna, shot and fatally wounded a burglar who entered his room. The burglar returned the fire and Converse was fatally wonnded. THE Ohio Liquor League is going to enter politics and will attempt to demand pledges of candidates. There is much dissatisfaction among iron workers over the new scale of wages. Some stove polish being used by a peddler on a hot stove in Pittsburgh exploded and killed two persons and injured three others. Siam has agreed to cede to France the desired territory and to pay the indemnity asked, and the war is over. Col. Nathan Toomer, of Augusta, Ga., has sued the Pullman Car Co. for $100,000 damages for not carrying him and his wife to their destination after selling him a ticket. The Citizens Savings and Loan Association of Akron has gone under. At Cadillac, Mich., Joseph Ashley, while drunk, beat his child's brains out against a post. George Bush, of Newark, a time keeper on the B. & O., is under arrest charged with swindling the company. A run was made on a Savings bank at Youngstown but it was soon stopped by prompt payments. At Loudenville Daniel Sentel, while drunk, was thrown out of a saloon and his neck was broken. Stephen Huffman, a farmer of Newark, had his arm pulled out from the socket by a threshing machine. Hoke Smith was hanged in effigy at Rome, Ohio, because of the dropping of the pension of a soldier who had served over four years and is now totally disabled. Mt. Vernon suffered a $50,000 fire on Sunday. Will Thompson and Tom Preston, two negroes, were lynched at Gaston, S. C. Seventy-three New England banks have lost $1,500,000 by fraudulent grain certificates deposited as collateral. Wind destroyed a $40,000 cyclorama at Nashville. The Rocky Mountain Oil Co. has been absorbed by the Standard. A vein of silver and lead ore has been discovered on the Little Kanawha river in West Virginia. Senator Vance, of North Carolina, says the Democratic platform meant free coinage or it was meant to deceive the people. A riot took place on the Mesaba iron range, in Minnesota, because of the nonpayment of the workmen. A boy died at Youngstown from ex cessive swimming. Kent Browne, a highly respected colored man, was mysteriously murdered at Muncie, Ind. Frederick Strokmeier, aged eighty, drowned himself at Sandusky. The National convention of the Bimetallic League is in session at Chicago. Denver citizens are feeding the unemployed. Edison has shut down his phnographic works because, as he says, the country has resolved itself into a National Lunatic Asylum. Pork took a drop in Chicago Tuesday. The failures still continue and many mills are closing. a The debt statement issued this mouth 82 shows a net increase in the public debt, I less cash in the treasury, during July of $4,164,973.31. Total debt $961,121, 016.63

13. August 3, 1893 The Austin Weekly Statesman Austin, TX
Article from The Austin Weekly Statesman, August 3, 1893

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SDAY AUGUST 3, 1893. realize on securities. Depositors will be paid in full. The Commercial National has a paid up capital of $250,000; Ainsworth National $100,000. Statements of the Commercial and Ainsworth, published July Com show resources, 12, mercial, $1,950,000; Ainsworth, $687,000; deposits, Commercial, $1,455,000; Ainsworth, $470,000. The Ainsworth is a United States depository. No statement was made of the condition of the Portland Savings bank. It has a capital stock of $260,000 with surplus of $220,000. CUTTING DOWN FORCES. WALTHHAM, Mass., July 29.-The Waltham Watch company's foreman was interviewed by the president today and given instructions as to re. ducing the working forces. In some cases this will be a cut of 50 per cent. In all 1500 will be thrown out of work. Letters received today from the Elgin factory report the situation even worse than Waltham. Sixteen hundred watchmakers will be laid off August 1 and the pay roll will be reduced one-half. The concern is all right financially, having a surplus of $1,000,000 undivided profits. In the discharge of hands as far as possible those will be retained who have families and the ones dis charged will be taken on whenever business prospects warrant. WANT A RECEIVER. PITTSBURG, July 29.-An application was made in the United States circuit court today by Treasurer Luther Park for the appointment of a receiver for the New York, Lake Erie and Western railroad as a supplement to the bill filed recently in New York. John® King and John S. McCullough were appointed receivers. RUN ON A SAVINGS BANK. NEWARK, July 29.- There was a run today on the Howard Savings institution of this city. Officers of the bank say they have plenty of money on hand to pay all demands. AN OHIO SAVINGS BANK. AKRON, July 29.-The Citizens Savings and Loan association of this city closed this morning. Cause, a constant drain upon the resources by drawing out deposits. The bank is regarded as perfectly solvent. Capital stock $100,000 with $80,000 surplus. IN RECEIVER'S HANDS. EUCLAIRE, Wis., July 29.-The Commercial bank, capital $50,000, has been placed in the hands of Byron A. Buffil as receiver. TO FORECLOSE MORTGAGE. ST. PAUL, July 29.-The Metropolitan Trust company of New York has brought suit to for. close a mortgage for $3,220,000 on the Wisconsin, Minnesota and Pacific railroad, operated by the Minneapolis and St. Louis railway. Default of $600,000 in interest is charged. AN ILLINOIS BANK CLOSES. KANKAKEE, Ill., July 29.-The First National bank of this city failed to open its doors this morning. A steady withdrawal of funds and inability to realize on paper was the cause. Assets sufficient to pay depositors in full. RECEIVER APPOINTED. CHICAGO, July 29.-The Wolf Lake Distilling company of Hammond, Ind., has been placed in the hands of a receiver. Liabilities, $100,000; assets about $200,000. RUN ON A TRENTON BANK. TRENTON, N. J., July 29-A run commenced this morning on the Trenton Savings bank. The bank is one of the strongest in the state, having a clean surplus of $288,000. SAFE COMPANY ASSIGNS. HAMILTON, O., July 29 -The MacNeale & Urban Safe and Lock company, assigned today. Assets, $160,000; liabilities unknown. Heavy Rain in the Southwest. Special to The Statesman. SAN ANTONIO, July 29.-There was a general rainfall today over South west Texas, breaking a drouth of two months. The rain extended 70 miles west and 90 miles north and south to

14. August 5, 1893 Arizona Weekly Citizen Tucson, AZ
Article from Arizona Weekly Citizen, August 5, 1893

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Failures of the Day. PORTLAND, Ore., July 29. - Three banks failed to open their doors this morning. They were the Commercial National, Portland Savings and Ainsworth National. With the exception of 8 slight run on the First National, there was no excitement. A notice posted on each of the suspended banks says the banks were forced to temporarily suspend, owing to heavy withdrawal of deposits during the last sixty days and inability to realize on securities. Depositors will be paid in full. KANSAS, July 29.-The First National bank failed this morning. Assets sufficient to pay depositors in full. AKRON, Ohio, July 29.-The Citizens Savings and Loan association has failed.

15. August 9, 1893 The Star Reynoldsville, PA
Article from The Star, August 9, 1893

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FINANCIAL AND COMMERCIAL. The Citizen's national band, of M uncie, Ind., suspended. The assets are claimed to be twice the liabilities. The San Antonio (Tex.) National bank, capital stock $100,000, failed. The West Side bank, capital $100,000, and the People's Savings bank, St. Paul, Minn., sus ended. The depositors of the suspended Citizens Savings and Loan association, of Akron, O., decided to, allow the bank to reopen and pay depositors in 3,6,9, 12 and 15 months from date of opening, September 1.

16. August 10, 1893 The Sun Morris, MN
Article from The Sun, August 10, 1893

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GENERAL N. M. Crane & Co., private bankers, at Hornellsville, N. Y., have failed. The People's Bank of Minneapolis has resumed business. The Edison phonograph company at Orange, N. J., has discharged 300 hands. The depression of the silver market has given a decided stimulus to gold mining in Utah and Nevada. The gold in the treasury now exceeds the reserve limit, and issue of certifi cates will probably soon be resumed. The Lorain Manufacturing company failed at Elyria, Ohio. The liabilities are $105,000. Wages in the Lancaster gingham mills at Clinton, Mass., have been cut 20 per cent. Mrs. Leland Stanford of Palo Alto, Cal., has ordered an auction sale of 1,100 of the best, horses on her Palo Alto farm. Fifty-six men deserted the coast defense vessel Monterey at San Francisco because of the heat when the ship is under steam. President Aylesworth, of Drake university, at Des Moines, Iowa, has declined to be the Prohibition candidate for governor. The auditor of Iowa has granted insurance rights to the branch of the A. O. U. W. in that state which seceded from the supreme lodge. F. A. Loring & Co., leather dealers, at Boston, have made an assignment. The firm was considered strong in the trade. An advance of from 20 to 50 per cent in insurance rates in the Northwest has gone into effect. Schedule risks are excepted. Gov. Lewelling of Kansas will appoint a commission to visit Chicago to lay his gulf transportation scheme before foreign representatives to the fair. Nearly 30,000 spectators flocked to the beach at Asbury Park, N. J., to see the fourth annual baby parade. About 500 babies were wheeled into line. William Hagler died at Benton, Iowa, of hydrophobia. He was bitten by a dog last March and nothing was thought of it until a few days ago, when the disease developed. The Chinese six companies will ask a rehearing before the United States supreme court of the Geary law case. A New York company will reproduce the most attractive world's fair exhibits. Three girls were arrested at Louis: ville, Ky., for smoking cigarettes on the street. The judge discharged them, saying that while they were not acting in accordance with the established canons of society they were violating no ordinance, Edward F. Voris, receiver of the Akron, Ohio, Citizens' Savings and Loan association, reports liabilities of $563,650, with assets of $692,397.67 The association will not resume under its old name, but a new company with a new title will be formed. The United States court at Marquette, Mich., has denied the application of the Minneapolis, St. Paul & Sault Ste. Marie railroad for an injunction restraining the state board of health from enforcing its rules to the alleged inconveniences of that road. Little Tiger, a chief of the Seminole Indians, is on his way to Tallahassee, Fla., to see Gov. Mitchell about the flogging of his boy by a white man named Hensen. The boy poached on Hensen's land. The whole tribe, 500 in number, are incensed and settlers fear trouble. Secretary Hoke Smith was hanged in effigy at Rome, Ohio. Smith's orders to cut down pensions took from a crippled veteran named J. L. Reed, his only income, and he became insane. A crowd of 1,000 indignant people hanged a figure bearing a card on which was Secretary Smith's name.

17. August 10, 1893 The Middleburgh Post Middleburg, PA
Article from The Middleburgh Post, August 10, 1893

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FINANCIAL AND COMMERCIAL. The Citizen's national band, of M uncie, Ind., suspended. The assets are claimed to be twice the liabilities. The San Antonio (Tex.) National bank, capital stock $100,000, failed. The West Side bank, capital $100,000, and the People's Savings bank, St. Paul, Minn.. suspended. The depositors of the suspended Citizens' Savings and Loan association, of Akron, O., decided to allow the bank to reopen and pay depositors in 3, 6, 9, 12 and 15 months from date of opening, September 1.