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Newspaper
The Progressive Farmer
Location
Raleigh, North Carolina, United States of America
Date
Jul 25, 1893
Page
3
A collage of short notes reports local suspensions, church building in Warrenton, hogs arrested in Sparta, and a Wake Forest professor critically ill in Tennessee. Others note robberies, fires, accidents, shipyard and mill activity, harvest yields, and crop damage across counties, with multiple obituaries and court cases in Raleigh, Greensboro, and Charlotte.
A chaotic wave of bank failures spreads from Kansas City to Denver as multiple banks suspend payments or close. Figures show liabilities running high and assets uneven, with governors and bankers alike grappling with cash runs, receiverships, and broad economic strain across cities from Missouri to Colorado and beyond.
A Boston dispatch reports Amoskeag cotton mill, the largest in the United States, will shut down for August. It employs about 8,000 workers, processes 6,000,000 pounds of cotton weekly, and pays roughly $225,900 monthly in wages. Selling agents John L. Bremer & Co. said the shutdown was decided at a Manchester, New Hampshire directors meeting held Monday.
Writs of attachment reach Henry A. Aldrich in Moosup Conn for about 600000. Henry W. Tabor of New York is the attaching creditor. Mills at Mitton Mitts N H to shut for three months due to no orders and ruinous prices.
Denver Cal July 18 The United States National and Colorado National banks along with eleven clearing house institutions show no official statement this morning. The panic is on as runs on deposits and concerns spread through the financial district.
A Sunday school excursion train carrying Bethany and Bethlehem church members from Buffalo wrecked at East Aurora on the Western New York and Pennsylvania Railroad. One man killed, eighteen or twenty injured. Two engines crushed, coaches burned. rescue aided by village fire department and doctors.
A Treasury inquiry traces a $24,000 deficit to the New Orleans Mint vault fire on June 26. Investigators say the blaze, deemed incendiary, aimed to cover theft. Cashier James Dowling will explain. two Washington experts aided the probe as detectives shadow him.
London July 18 Last night's fire in the district bounded by Leadenhall street Bevis Marks and Camomile Street burned five hundred yards square destroying thirty buildings. Occupants ran to streets in their night gear. Loss expected around £1 500 000. Nearby Bank of England Royal Exchange Mansion House spared but threatened by flames.
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