City Bank (New Philadelphia, OH)

Episode Information

Episode UID
1192170691154
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
119217069 hash
Start Date
February 10, 1896
Location
New Philadelphia, Ohio (40.490, -81.446)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3e98bfc2558780c5

Response Measures

None

Description

Multiple contemporaneous reports state the banker assigned his property to an assignee and depositors will lose heavily, indicating failure and assignment/receivership.

Events (2)

1. February 10, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Banker made a formal assignment of assets to an assignee due to insolvency; liabilities large and depositors expected to lose.
Newspaper Excerpt
W. C. Brown, of the City bank, has assigned to E. A. Deardorff.
Source
newspapers
2. February 11, 1896 Receivership
Newspaper Excerpt
W. G. Browne, proprietor of the City bank, assigned today to E. A. Deardorf.
Source
newspapers

Newspaper Articles (9)

Article from The Seattle Post-Intelligencer, February 11, 1896

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Article Text

Business Failures. New Philadelphia, O., Feb. 10.-W. C. Brown, of the City bank, has assigned to E. A. Deardorff. He turns all his property over to the assignee, including lands in nearly every state in the Union. The liabilities will reach several hundred thousand dollars.


Article from The Salt Lake Herald, February 11, 1896

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Article Text

BANKER ASSIGNS. NEW PHILADELPHIA, Ohio., Feb. 10.-W. G. Browne, proprietor of the City bank, assigned today to E. A. Deardorf. Brown has been a banker here for flfteen years. owns valuable real estate here, in Kansas, California and Kentucky, and in a clothing store, planing mill and tile works here and a dry goods store in Canal Dover. The liabilities are over $100,000.


Article from The Times, February 14, 1896

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Article Text

Has Lands in Nearly Every State. CLEVELAND, Feb. 11.-A special from New Philadelphia, O., says: W. C. Brown, of the City bank, has assigned to E. A. Deardorff. He turns all of his property over to the assignee, including lands in nearly every state in the Union. His liabilities are not yet known, but are said to reach several hundred thousand dollars. A great many business men have been caught in the assignment.


Article from Red Lodge Picket, February 15, 1896

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Article Text

Has Land in Nearly Every State. New Philadelphia, O., Feb. 10.-W. C. Brown of the City bank has assigned to E. A. Deardorff. He turns all his property over to the assignee, including lands in nearly every state in the Union. The liabilities will reach several hundred thousand dollars.


Article from The Dickinson Press, February 15, 1896

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Article Text

NUBBINS OF NEWS. Items of General Interest Placed in n Few Lines. The Valley State bank at Hutchinson, Kan.. suspended business to-day. The suiran has invited the powers to recognize Prince Ferdinand of Bulgaria. Dispatches received in Madrid from Cuba say that 107 insurgents were killed in the recent lighting there. The depositors of the defunct City Bank of New Philadelphia, Ohio, which yesterday made an assignment will lose heavily. The aerolite which exploded over Madrid yesterday was seen over a large area, including Toledo, Saragossa and Vallodolid. At Leesburg, Ohio, the safe of the Leesburg bank was opened by explosives last night and all the money. amounting to $6,000, was taken. Dispatches received at Madrid from Havana say that the new captain general, Gen. Weyler, made an excellent impression with his speech of last evening. A large number of officers of the Salvation Army from five Western states have arrived in St. Louis to attend the midland congress which is now in progress. The Bartlett Hardware company and Warner Manufacturing company at Freeport, III., closed this morning under a confession of judgment aggregating $92,000. At Salem, Mass., Miss Annie Maude Brewer was sentenced to-day to serve seven years in the house of correction for killing Gideon W. Lattimer, Jr., of Lynn on Dec. 13, 1894. Crescendo, the great three-year-old of Nagle-Burke's Pueblo stable, will never face the starter again. He was so seriously injured that ever since he has not been able to stand up. Burglars last night opened the safe of Samuel A. Crocker & Co., dealers in surgical implements and dental supplies, Cinciunati, and carried a way between $2,500 and $3,000 worth of gold leaf. If Francis Schlatter, the divine healer who created such excitement in Colorado and New Mexico, is not now confined in the county jail at San Bernardino. Cal.. on a charge of vagrancy, there is a man in jail who certainly resembles him most remarkably.


Article from The Kootenai Herald, February 15, 1896

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Article Text

Has Land in Nearly Every State. New Philadelphia, O., Feb. 10.-W. C. Brown of the City bank has assigned to E. A. Deardorff. He turns all his property over to the assignee, including lands in nearly every state in the Union. The liabilities will reach several hundred thousand dollars.


Article from Albuquerque Weekly Citizen, February 15, 1896

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Article Text

An Ohio Banker Assigns. New Philadelphia, Ohio, Feb. 11 W. C. Brown. of the City bank. has assigned. His liabilities are not yet known. but are said to reach several hundred thousand dollars.


Article from Pullman Herald, February 15, 1896

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Article Text

Has Land in Nearly Every State. New Philadelphia, O., Feb. 10.-W. C. Brown of the City bank has assigned to E. A. Deardorff. He turns all his property over to the assignee, including lands in nearly every state in the Union. The liabilities will reach several hundred thousand dollars.


Article from Decorah Public Opinion, February 18, 1896

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Article Text

Ohio Banker Fails. New Philadelphia, O., Feb. 12.-W. C. Brown of the City Bank has assigned to F. A. Deardoff. He turns all of his property over to the assignee, including lands in nearly every state in the union. His liabilities are not yet known, but are said to reach several hundred thousand dollars. A great many business men have been caught in the assignment.