11522. State Bank (Crawford, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 4, 1898
Location
Crawford, Nebraska (42.683, -103.413)

Metadata

Model
gpt-5-mini
Short Digest
9d5636a6cab50f0c

Response Measures

None

Description

Contemporary reports (Feb 4–5, 1898) state the State Bank of Crawford did not open its doors one morning because the president was absent and expected currency did not arrive; assistant cashier said the bank would pay liabilities in full. No articles describe a depositor run. A later local file (recounting Feb. 1898 events) notes John P. Jones was appointed receiver, indicating the suspension led to closure/receivership. I corrected/expanded the bank name to 'State Bank of Crawford' based on text.

Events (2)
1. February 4, 1898 Suspension
Cause Details
Bank did not open because the president was absent and expected currency shipment from the East did not arrive.
Newspaper Excerpt
The State Bank of Crawford did not open its doors this morning... owing to the absence of Francis C. Grable, its president, coupled with the fact that the currency which was expected this morning did not arrive from the East, he thought it better not to attempt to run through the day.
Source
newspapers
2. February 18, 1898 Receivership
Newspaper Excerpt
John P. Jones was appointed receiver of the State Bank of Crawford by Judge W. H. Westover this week. ... He refuses to give out any information as to the financial condition of the bank at this time.
Source
newspapers

Newspaper Articles (11)
1. February 5, 1898 New-York Tribune New York, NY
Article from New-York Tribune, February 5, 1898

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Article Text

GRABLE'S BANK UNOPENED IT 18 AT CRAWFORD NEB. AND CONFIDENCE IN GRABLE 18 FELT THERE Omaha, Feb 4-A special dispatch to The Bee" from Crawford, Neb. says: "The State Bank of Crawford did not open its doors this morning C. J. Grable, the cashier. is in the East. A E Hobson, assistant cashier. will say nothing of the bank further than that owing to the absence of Francis C. Grable its president, coupled with the fact that the currency which was expected this morning did not arrive from the East. he thought It better not to attempt to run through the day Hobson says the bank will pay depositors and all liabilities in full This bank has been conducted on a conservative, safe and paying basis, and It is generally conceded by local creditors that its paper and assets are gilt-edged Its assets are about $40,000. and liabilities. outside of stock about $20.000 There is no excitement Cashier Grable will be here Monday Local depositors express unbounded confidence in Grable and Hobeon, and It is believed that the bank will open as usual within a few days.

2. February 5, 1898 The Daily Morning Journal and Courier New Haven, CT
Article from The Daily Morning Journal and Courier, February 5, 1898

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Article Text

AFFAIRS OF C. J. GRABLE. Bank Closes Its Doors-Irrigation Company Has Nota Dollar. Omaha, Neb., Feb. 4.-A special to the Bee from Crawford, Neb., says: The state bank of Crawford did not open its doors this morning. C. J. Grable, the cashier, is in the east. A. E. Hobson, the assistant cashier, says that, owing to the absence of Francis C. Grable, its president, and the fact that currency expected this morning did not arrive, he thought it better not to attempt to run through the day. Hobson says that the bank will pay out depositors and all liabilities in full. This bank's assets are about $40,000 and liabilities, outside of stock, about $20,000.

3. February 5, 1898 The Wilmington Daily Republican Wilmington, DE
Article from The Wilmington Daily Republican, February 5, 1898

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Article Text

Grable's Bank Closes. Crawford, Neb., Feb. 5. -- The State bank of Crawford did not open its doors yesterday morning. C. J. Grable, the cashier, is in the east, and A: E. Hobson, assistant cashier, will say nothing of the bank further than that, owing to the absence of Francis C. Grable, its president, coupled with the fact that currency which was expected yesterday morning did not arrive from the east, he thought it better not to attempt to run through the day.

4. February 5, 1898 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, February 5, 1898

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Article Text

GRABLE BANK CLOSES ITS DOORS. Assistant Cashier Says It Will Pay OutBlack Hills People Indignant. Omaha, Neb., Feb. 5.-A special to The Bee from Crawford, Neb., says: The State Bank of Crawford did not open Its doors yesterday morning. C. J. Grable, the cashier, is in the east. A. L. Hobson, assistant cashier, will say nothing of the bank further than that owing to the absence of Francis C. Grable, its president, coupled with the fact that the currency which was expected yesterday morning did not arrive from the east he thought it better not to attempt to run through the day. Hobson says the bank will pay its depositors and all liabilities in full. This bank has been conducted on a conservative, safe and paying basis, and it is generally conceded by local creditors tat its paper and assets are gilt-edged. Its assets are about $40,000 and lfabiliPies outside of stock about $20,000. There is no excitement. Cashier Grable will be here Monday. Local depositors express unbounded confidence in Grable and Hobson, and it is believed that the bank will open as usual within a few days. St. Paul, Feb. 5.-A Leadville, S. D., a special to The Pioneer Press says: If Francis C. Grable were in Black Hills today he would find many indignant citizens. People in crowds are on the streets discussing the situation. It is not thought that any permanent harm to the good name of the Black Hills will result. All of Grable's schemes will terminate successfully If managed right. There is no question that the Union Hill mines are rich with gold. If all the money paid Grabie by the company had been placed to develop the property it would have been a great success. Edgemont enterprises will not be materially effected.

5. February 5, 1898 The Herald Los Angeles, CA
Article from The Herald, February 5, 1898

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Article Text

ANOTHER BANK Yields to the Pressure of Too Much Grable OMAHA, Neb., Feb. 4.-A special to the Bee from Crawford, Neb., say The State bank of Crawford did not open its doors this morning. C. J. Grable, the cashier, is east. A. E. Hobson, assistant cashier, will say nothing of the bank further than that owing to the absence of Mr. Francis C. Grable, its president, coupled with the fact that the currency which was expected this morning did not arrive from the east, he thought it better not to attempt to run through the day. Hobson says the bank will pay depositors and all liabilities in full. This bank has been conducted in a conservative, safe and paying basis, and it is generally conceded by local creditors that its paper and assets are giltedged. Its assets are about $40,000 and liabilities, outside of stocks, about $20,000. There is no excitement. Cashier Grable will be here Monday.

6. February 5, 1898 The Age-Herald Birmingham, AL
Article from The Age-Herald, February 5, 1898

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Article Text

MR, GRABLE'S BANK FAILS The Man Who Swindled Quinlan Has Troubles. ANOTHER OF HIS SCHEMES The Inter-State Canal and Irrigation Company Also Announces That It Hasn't a Dollar in the Treasury. Crawford, Neb. 4.-The State Bank of Crawford did not open its doors this morning. The cashier of the institution will say nothing of the bank's affairs further than that owing to the absence of Francis C. Grable, its president, coupled with the fact that the currency which was expected this morning did not arrive from the east, he thought it better not to attempt to run through the day. He says the bank will pay all depositors and all liabilities in full. Its assets are about $40,000 and liabilities, outside or stock, about $20,000. Philadelphia, Pa., Feb. 4.-The Inquirer will say tomorrow that the Interstate Canal and Irrigation, company. one of the enterprises of Francis C. Grable, has announced to its creditors that it has not a dollar in its treasury with which to pay notes. It follows with a statement from the treasurer of the company, George P. Luper, who is also second vice-president of the Security Trust and Insurance company of this city. The capital stock of the incorporation, he knew, was $1,000,000, but only about $300,000 of stock had been issued. This had been issued only to Grable for 8,000 acres of land, including 2,200 town lots, the property lying in and around Edgmont, a town of 1,200 people, whose name also appears in the title of another of Grable's ventures, the Edgmont and Union Hill Smelting company. The Interstate Canal and Irrigation company is a New Jersey corporation.

7. February 5, 1898 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, February 5, 1898

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Article Text

GRABLE IN RETIREMENT Denies Himself to the Public While Taking Legal Counsel St. Louis, Feb. 4.-Mr. Francis C. Grable, the promoter and financier, is still in the city. He stays in his room at the Planters hotel, where his meals are served, and refuses to see anybody except a few personal friends and an attorney with whim he has held several consultations. Mr. Grabe absolueely refuses to say anything further about his business affairs and his future movements are kept a secret. Last night Judge Chester H. Krum, a prominent attorney, was closeted with him for several hours. He was introduced to Mr. Grable by a relative of the latter's wife living in this city, but what passed between them is not known. It is presumed that the promoter was seeking legal advice in his present difficulties. The judge held another conference with Mr. Grable about noon today. Wade Chance, the financier's private secretary, who has stood between his empioyer and the horde of reporters that have besieged him since his presence in town became known, left the city on a morning train for Omaha. He refused to say what he was going there for, and whether or not Mr. Grable would follow soon after. This he did say, however: "Mr. Grable is financially stranded at present. and has not been able to meet certain obligations. This has been reported about and presumably marred his credit. Mr. Grable has considerable money tied up, but these investments are yielding slowly. Others should wait. as he must do." Fort Collins, Col., Feb. 4.-Francis C. Grable, whose name has been connected with the resignation of Cashier Quinlan of the Chemical National bank of New York, is interested in and was the chief promoter of the National Land and Irrigation company, whose property is in this county. This property consists of the North Poudre canal and about 16,000 acres of land. Grable, until a few months ago, was treasurer of the company. Besides the National Land and Irrigation company .he is interested in the Drury Land and Irrigation company, which owns large tracts of land in the neighborhood of Crow creek, Weld county, besides ditches and three large reservoirs. Omaha. Neb.. Feb. 4.-A special to the Bee from Crawford. Neb., says: The State bank of Crawford did not open its doors this morning. C. J. Grable, the cashier, is in the east. A. E. Hobson, as) sistant cashier. will say nothing of the S bank further than that owing to the abI sence of Mr. Francis C. Grable, its president. coupled with the fact that the currency which was expected this morning e did not arrive from the east. he thought S it better not to attempt to run through the day. Hobson says the bank will pay out depositors and all liabilities in full. This bank has been conducted on a conservative, safe and paying basis and it h is generally conceded by local creditors that its assets and paper are gilt-edged. S Its assets are about $40,000. and the liabilities, outside of stock. about $20,000. There is no excitement. Cashier Grable 1 will be here Monday. Governor Hastings of Pennsylvania has granted a pardon to ex-City Attorney William C. Moreland of Pittsburg, who is serving three years in the Western penik tentiary for embezzlement. Mr. Moreland's health is precarious. d No wise merchant tries to make custo₫ mers take what he knows they do not a want. He will not substitute goods of doubtful value for those of demonstrated o merit. e Daily Eagle, by carrier, 10c per week

8. February 5, 1898 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, February 5, 1898

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Article Text

The Promoter's Bank Closed. CRAWFORD, Neb., Feb. 4.-The State Bank of Crawford did not open its doors this morning. C. J. Grable, the cashier, is in the East. E. A. Hobson, assistant cashier, will say nothing of the bank further than that, owing to the absence of Francis A. Grable, its president, coupled with the fact that the currency which was expected this morning did not arrive from the East, he thought it better not to attempt to run through the day. Mr. Hobson says the bank will pay all liabilities in full. This bank has been conducted on a conservative, safe and paying basis, and it is generally conceded by local creditors that its papers and assets are gilt-edged. Its assets are about $40,000 and liabilities, outside of stock, about $20,000. There is no excitement. Cashier Grable will be here Monday. Local depositors express unbounded confidence in Grable and Hobson, and it is believed that the bank will be open as usual in a few days.

9. February 5, 1898 Worcester Morning Daily Spy Worcester, MA
Article from Worcester Morning Daily Spy, February 5, 1898

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Article Text

GRABLE'S ENTERPRISES. Nebraska Bank Closes Doors, and Canal and Land Co. Insolvent. Omaha, Neb., Feb. 4.-A special to the Bee from Crawford, Neb., says: The state bank of Crawford did not open its doors this morning. C. J. Grable, the cashier, is in the east. A. E. Hobson, assistant cashier, says that, owing to the absence of Francis C. Grable, its président, and the fact that currency expected this morning did not arrive, he thought it better not to attempt to run through the day. Hobson says the bank will pay out depositors and all liabilities in full. The bank's assets are about $40,000, and liabilities, outside of stock, are about $20,000. Philadelphia, Feb. 4.-The Enquirer will say tomorrow that the Interstate Canal and Irrigation, Canal and Land Company, one of the enterprises of Francis C. Grable, has announced to its creditors that it has not a dollar in its treasury with which to pay notes due. It follows with a statement from the treasurer of the company, George B. Luper, who is also second vice president of the Security Trust and Life Insurance Co. of this city. Mr. Luper said he could not tell whether there would be immediate application for the appointment of a receiver or not. The capital stock of the corporation he knew was $1,000,000, but only about $300,000 of stock had been issued. This had been issued mainly to Grable for 8000 acres of land, including 2200 town lots, the property lying in. and around Edgemont, a town of 1200 people, whose name also appears in the title of another of Grable's ventures, the Edgemont and Union Hill Smelting Co. The Interstate Co. is a New Jersey corporation. St. Paul, Minn., Feb. 4.-A Lead, S. D., special to the Pioneer Press says: It is not thought that any permanent harm to Black Hill enterprises will result from business troubles of Francis Grable. All of Grable's shcemes will terminate successfully if managed right. There is no question that the Union Hill mines are rich with gold.

10. February 8, 1898 The River Falls Times River Falls, WI
Article from The River Falls Times, February 8, 1898

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Article Text

A Grable Bank Busts. Crawford, Neb., Feb. 6.-The State Bank of Crawford did not open its doors yesterday morning. C.J. Grable, the cashier, is in the East. A. E. Hobson, sasistant cashier, will say nothing of the bank further than that owing to the absence of Francis C. Grable, its president, coupled with the fact that the currency which was expected did not arrive from the East, he thought it better not to attempt to run through the day. Hobson says the bank will pay out depositors and all liabilities in full.

11. March 1, 1934 Northwest Nebraska News Crawford, NE
Article from Northwest Nebraska News, March 1, 1934

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36 YEARS AGO Items taken from the files of the Crawford Gazette of Feb. 18, 1898. A dazzling new sign adorns the front of the Palace barber shop. J. W. Rowland has been enrolled as a member of the Gate City Band, and is assigned to Eb tuba The first genuine rain storm passed over US Monday. Enough rain fell to make the streets muddy. One young man in town was the happy (?) recipient of 32 of those penny Another a barber, Edmund H a Boston attorney was in Crawford Wednesday. He is one of the eastern directors of the Crawford Company. R. S. Q Hamaker is minus a fur coat It was taken from his wagon last while he was in McNair's hardware store delivering a Rev Phillip H. Smith has accepted the of the M E. church in pastorate city. Mr. Smith is married man and is expected to be here to preach Sunday, Feb. 27. L. C. Ramberg and Vet Canfield. of Whitney, were trading in town Tuesday Lee Garner, Sid Woodard, Ed Chaulk, all of Whitney, also had business in town the same day. Rev. Geo. Milne, of Muscatine, Iowa, was here Sunday, and preached in the Methodist church that evening He was here chiefly to visit his father who was recently severely injured. The States battleship Maine was blown up, while lying at anchor in Havana harbor Wednesday morning and it is charged that the Spanish are accountable for the disaster A loss of 253 men is reported. John P. Jones was appointed receiver of the State Bank of Crawford by Judge W. H. Westover this week. Mr. Jones was formerly ier of the Rushville bank. He refuses to give out any information in to the financial condition of regard the bank at this time. Last Friday Engineer Bauersachs received word that the night crew position as night watchman. E. C. Salisbury and Cashier A. B A team driven by the Misses NetEnglish jumped before the team had gone far, but her sisters were thrown from the wagon near Mr. West's lumber yard. The post of the sign Star livery stable was struck by the passing wagon and snapped off close to the ground. The wagon was more or less damaged. Nobody was se. verely but Miss Nettie English some painful cuts and bruises. James Higgins, a brother of Tim and John Higgins, of this city, was last week brought here from Denver totally blind. On the afternoon of Dec. 16th, he was working in an iron mine leased by the Denver & Gulf R. R. Co. situated about 20 miles from Badger station on the Cheyenne & Northern railroad. A heavy charge of giant powder was prematurely exploded at which time James Higgins lost both of his eyes and Sam Rogers, a miner who was working with him, lost one eye. The accident happened at 3 o'clock in the afternoon and it was not until 2 o'clock the next day that a doctor was brought to the scene and three and a half days elapsed before the suffering men were finally placed in a Denver hospital. We are informed that the company has offered to settle with Mr. Higgins for $10,000, but the offer has been flatly rejected. Mrs Besse Meredith and daughter who have been visiting for A L Lazenby for some time the manager of Paxton & Gallagher's wholesale house in this city, has resigned his position with that firm to accept one with the International Harvester company as shipping F L. Harrison and his son Arthur H., of Delmont, S. D., are here to commence operations on the their homesteads 13 miles northeast of town The elder Mr Harrison also purchaser quarter section of deeded land adjoining his homestead. At the Central Pharmacy they have the very latest Edison phonograph. It is called the and besides having all the good is masterpiece of cabinet work thing of beauty The price without any records is $200, and this ma chine was the first one of the kind shipped west of the Missouri river from the Edison factory at Orange N The fire at Hemingford last week destroyed Everett's pool hall, A Murlew's general merchandise store with a $20,000 stock, the telephone central, the Schindler hardware. Bushnell's general store, Robert Fr happle's livery stable with $400 worth of hay, The People's bank fixtures in Burlew's store The total loss is estimated at $50,000 to $75.000 There was no fire protection, even the chemical engine owned by the town being out of commission.