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The Progressive Farmer in Raleigh, North Carolina

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This newspaper page contains 12 articles. Subscribers can read the full text of each article.

Newspaper

The Progressive Farmer

Location

Raleigh, North Carolina, United States of America

Date

Jun 27, 1893

Page

3

State News Highlights North Carolina Events

A roundup of Carolina items notes: Oxford Orphan Asylum hosts 233 children. Union county reports two jailed Black men amid rape and attempted rape charges. Wilmington Bank of New Hanover closes, Citizens Savings Bank to open soon. Deaths include Mr. Wooley of Troy and Mrs. Ham in Raleigh. Community updates cover fires, baptisms, crops, and local incidents across towns from Goldsboro to Winton.

Raleigh Oxford Orphan Asylum Union County Bank of New Hanover Wilmington Citizen's Savings Bank Johnston County Smithfield Banner County Norwood C. W. Wooley Troy Charlotte News South Tryon Goldsboro Argus Nancy Ham Wm. Ham The Columbus Star David J. Ray Jas. Jones Jefferson Davis Atlantic Hotel Winton Sentinel Henry Blount Wilson Mirror Brown’s Opera House Washington O L. Dennings Dunn Times Winston N. C Moore County Moore Blues Baldwin Township R. T. Hamner Lexington Dispatch Little River Dickey Shumate Collins Fender Sparta Star Washington Gazette Ocracoke Wilmington Messenger North Carolina New Berne John OC. Palmer Whittlesey Red Springs Chas. Malloy Jonesboro J. T. Worthington William Pittman Grifton Greenville Reflect Evangelist Fire Chatham Warehouse Chatham Kirby J. M. Cine West Eighth Street

Big Bank Failures Hit Several Cities June 17

The First National Bank of Grundy Iowa and City National Bank of Brownwood Texas closed doors amid money market strain. Brownwood assets reported around 377 thousand with 150 thousand capital. Nashville Commercial Bank dividend ordered at 30 percent for creditors. Penny Savings Bank in Cu hai Tn closed by operators. J W Norton of Savannah Georgia a dry goods merchant assigned assets.

Warteroo Iowa First National Bank of Grundy Dallas Texas Brownwood City National Bank of Brownwood Washington, D. C Eckles City National Bank Stone Commercial National Bank Nashville Tenn CuHaiTancoca Penny Savings Bank Savannau J. W. Norton Waycross

Failure in Wilmington Prompts Bank Assignment

In Wilmington on June 19 the Bank of New Hanover did not open as deposits drained. A notice cited withdrawal of over 320000 dollars and 150000 due soon, forcing an assignment to Junius Davis. Assets are about 1250000 with liabilities 800000. Wilmington Savings and Trust Co. will handle remittances. Depositors under ninety dollars receive full amounts. larger deposits limited to ninety with thirty days’ notice. Officials expect full solvency and orderly wind‑down.

David Johnson Vanceboro Indiana Jersey Wilkes New Berne Journal Monroe Enquirer Peter Fletcher Peter Wilkesboro Chronicle J. A. Peacock Peacock Lexington Dispatch W. H. Martin Wrightsville Justice McGowan Wilmington Star F. A. Hicks Charlotte News Jno A. Kimmons Equire Concord Standard Cleve Maxwell Sparta Star A. Cameron & Co Winder Carthage Blade Yadkin Lenoir Durham A. L. ‘Tilley Mary Copley Durham Globe Trade Street Bridge Welden Mount Airy News Lillie Reece William Reece J. A. Transon John W. Dyer E. D. Latta Neuse River U. S. Fish Commission F. A. Woodard Goldsboro Argus Concord Times Jerry Rogers Albemarle Smithfield Herald Seth Woodall Poland Wilmington Bank of New Hanover Adram & Wollers Parsley’s R L. Burns W. C. Douglass John P. Franklin Ridgeway John Greenville Reflector Henderson Willis Lewis Ellerbrook Nice Peck Charlottsville Paul Bar Papers University of Virginia Barringer University North Carolina Albert J. Wattson Charlotte James Irwin Reidsville J. S. Doubleday Asheville Shelby Review McDowell County A. G.gan Rutherford County Gower David A. Hogue Wm. C. Ellers Durham Sun H. D. Kerr Duncan G. W. Barbee Cedar Fork Township Nelson Kerr D. L. Crawford Beaver Dam Winston N. C Times Junius Davia A. L. Smith Wilmington Savings and Trust Company Rideeway Ridgeway Bank Pomona Cal People’s Bank This Greenville Mich City National Bank Caldwel Omana Neb Shan, Johnston & Co New York the Post Henry Sheldon & Co Nashville Tenn B. T. Rhea & Son

Business Troubles Across Several States

Washington reports the Linn County National Bank of Albany Oregon failed with capital of 100000 and Bank Examiner Jennings placed in charge. Minneapolis reports Jas McMillan of Minneapolis voluntary assignment to M C Fletcher with assets about 700000 liabilities 250000. 60 percent due to foreign creditors. Ilmington reports Adrian Wollers wholesale grocers and liquor dealers assigned with preferences after the Bank of New Hanover failure. Ricamond Virginia notes Isaac Held dry goods dealer assigned with liabilities 10500. Cuba nco General Engineering Company Harvey Illinois assigned with liabilities about 75000.

Washington, D. C Eckles Linn County National Bank Albany Oregon Jennings MinneaPouis Minn Jas. McMillan Minneapolis M. C. Fletcher McMillan James McMillan & Co Fletcher The Bee Ilmington N. C Adrian & Wollers Bank of New Hanover Ricamonp Isaac Held Cubcanco General Engineering Company Harvey Illinois

The Chattanooga Bank May Resume Business

The City Savings Bank, which assigned last night, may resume business within sixty days. About two thousand five hundred depositors were affected as anxious crowds gathered, but the outlook is for full payment. Minor runs occurred at other banks, yet none serious, and officers anticipate no major panic.

Cuattanooga Tenn City Savings Bank Chattanooga Savings Bank

Bank assignments flood notices across states

A string of bank failures and assignments spans Ohio Vermont California Oregon and Pennsylvania. Citizens National Bank of Hillsborough and Portsmouth Savings Bank assign to trustees amid runs. assets and liabilities vary widely. Other banks face receiverships or suspensions as creditors and local manufacturers brace for impact and seek court relief.

Eaton Cole and Burnham Company Suspending Payments

The Eaton Cole and Burnham Company brass goods makers at Fulton Street report inability to meet maturing obligations due to rapid business growth and extended credit. They announce suspension to equitably pay indebtedness and note January 1893 balance sheet showed near coverage of debts. New York Herald report cites transfer of assets to Theodore H. Shhulz and preferences totaling 29,000 to Mrs Louisa Fox and Mrs Cornelia H. Fox.

Eaton, Cole & Burnham Company Fulton Street New York Herald M. Fox & Co Theodore H. Shhulz Louisa Fox Michael Fox Cornelia H. Fox Charles J. Fox

Financial woes hit diverse firms across states in mid June

Reports from multiple cities reveal bank and business distress. PriorspurG and Ridgeway Bank, Pomona, Omaha, Greenville, Nashville authorities report closures, assignments, and pending asset realizations. Debtors include Duquesne Tube Company, Shan Johnson & Co, Henry Sheldon & Co, and B T Rhea & Son with liabilities ranging from 80,000 to 350,000 as deposits and creditors await settlements.

Priorspurg Prothonotary Duquesne Tube Company

Cholera Deaths Reported in Mecéa City

London dispatch notes Mecéa reports 830 cholera deaths from June 16 to 20. Authorities urge vigilance as outbreak continues to spread amid hot season. Public health efforts focus on sanitation and prompt treatment incentives.

London Mecéa

Lizzie Borden Acquitted in Mass Case

The jury found Lizzie Borden not guilty in the Borden murder case at Reproport, Mass. The verdict prompted cheers as Lizzie, visibly moved, thanked the crowd and said she was the happiest woman in the world. She returned to Fall River to an enthusiastic reception amid broad public approval.

New Mass Borden Miss Borden Lizzie

Earthquake Shocks Felt Across Southern Cities

A distinct earthquake was reported in Savannah and Augusta Georgia and Charleston and Columbia South Carolina on June 20. In Savannah the shock at 11 03 lasted four seconds with south to north motion and no damage. Augusta noted a slight one second tremor. Charleston reported a distinct shock at 11 05 with east to west motion lasting seconds and no damage. Columbia described a sharp ten second quake with loud rumbling and glasses rattling as weather turned cool and electric.

Savannah Augusta Charleston Columbia Avousta Cuareton 8. C P Columbia

Dynamite Explosion Threatens Madrid Noble Residence

Maprio June 21 An explosion aimed at the residence of Senor Caravas Del Castello, ex prime minister, triggers a circus crowd panic. A grandson of the marquis of Havana, president of the crowd, is fatally injured, while the Marquis Guadilés’ son is trampled to death. Dozens injured, authorities blame anarchists based in Barcelona.

Maprio Senor Caravas del Castello Marquis of Havana The Marquis Guadilées Marquis Guadilest Barcelona

Also Mentioned on This Page

State News Chattanooga Bank America Cassell Company Comproller Eckels Robt. M. Dit Citizens’ National Ban Hillsborough Ohio Elisha May St. Johnsbury FarrFigLp Ill Bonham Portsmouth Citizens’ Savings Bank A. F. Halcomb Frank M. Smith Portsmouth National Farmers’ National First National Little Kanawha Lane County Bank Corvvallis Hamilton, Job & Co Topeka Kansas State Bank State Bank of Plainville Pirrspure John Eaton A. Cheron United States Circuit Court Boston Winkley, Dresser & Co Eaton, Cole and Burnham Company Lizzie Borden Madrid
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