12759. Union County Bank (Rahway, NJ)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
January 5, 1900
Location
Rahway, New Jersey (40.608, -74.278)

Metadata

Model
gpt-5-mini
Short Digest
77a2edf5a031cc1d

Response Measures

None

Description

Contemporary articles (Jan 5–6, 1900) describe a two-day run on the Union County Bank and a notice posted Jan 6, 1900, that the bank had been compelled to suspend because of unusual demands by depositors. The run was triggered by timidity following the Middlesex County Bank robbery and the presence of state examiners. Later (Jan 1901) the bank appears in business-failures lists, consistent with ultimate closure. I therefore classify this as a run that led to suspension and eventual failure (closure).

Events (3)
1. January 5, 1900 Run
Cause
Local Banks
Cause Details
Panic/timidity sparked by recent Middlesex County Bank robbery and the presence of state bank examiners; depositors fearful due to perceived connection between officers.
Measures
Cashier paid checks as presented; large amount of currency sent from New York and payments resumed temporarily; bank closed at 3 PM for the day.
Newspaper Excerpt
There was a run on the Union County Bank, of this city, to-day ... As soon as the bank opened for business this morning depositors began to arrive and draw out their balances.
Source
newspapers
2. January 6, 1900 Suspension
Cause
Local Banks
Cause Details
After a two-day run (and heavy withdrawals—about $30,000 paid out) directors decided not to open and the deputy commissioner posted a suspension notice citing unusual depositor demands.
Newspaper Excerpt
The Union County Bank has been compelled to suspend, owing to the unusual demand made upon it by depositors. (Signed) THOMAS K. JOHNSON, Deputy Commissioner of Banking and Insurance.
Source
newspapers
3. January 3, 1901 Other
Newspaper Excerpt
BUSINESS FAILURES. Jan. 3-... 6-Rahway, N. J., Union county bank.... (listed among business failures in Jan 1901 newspapers).
Source
newspapers

Newspaper Articles (19)
1. January 6, 1900 New-York Tribune New York, NY
Article from New-York Tribune, January 6, 1900

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RUN ON UNION COUNTY BANK. MANY DEPOSITORS DRAW OUT THEIR MONEY-ALL DEMANDS MET. Rahway, Jan. 5 (Special).-There was a run on the Union County Bank, of this city, to-day, for which there seems to be no good reason. As soon as the bank opened for business this morning depositors began to arrive and draw out their balances. The news spread rapidly that there was a "run" on the bank. and soon the counting room was crowded with depositors anxious to withdraw their money. Edward H. Sherwood, the cashier, who also acts as teller. paid all checks as fast as presented until 11 o'clock. when all large depositors who demanded the balance of their accounts were told that they would have to await the arrival of currency from New-York. The president of the bank, Edward S. Savage, who practises law at No. 31 Nassau-st., New-York, went to the city on an early train, and by 1 o'clock a messenger arrived here with a large amount of currency, and payments were resumed. There was a steady run on the bank until 3 o'clock, when the doors were closed for the day. All depositors in the bank before 3 o'clock were told to remain, and their checks were paid. State Bank Examiners L. R. Vredenburgh, of Somerville, and Thomas F. Chambers, of Trenton, have been examining the bank's affairs for the last two days. The examination, they assert, was made in the regular course of their work. and not because of any suspicion that the bank's affairs were. at all involved. Their presence. and the report in a New-York newspaper on Sunday that proceedings had been begun against a certain insurance concern in New-York City, seem to be the only reason for the "scare" that seized the depositors. The bank examiners state that so far as they have completed their examination the institution is perfectly solvent. Many of the largest depositors and the business men generally have not withdrawn their. accounts and express themselves as satisfied that the bank is in good condition. The officers and directors of the bank are: Edward S. Savage, president: M. D. Valentine, vicepresident: W. V. McKenzie, W. Bloodgood, J. M. Silvers and J. Lester Laforge, directors. The bank was organized in 1887 with a capital of $50,000, and has a surplus of $25,000. A semi-annual dividend of 4 per cent was declared on December 21, and for several years an annual dividend of 8 per cent has been paid on its stock. It is believed to-night that the worst is past and that confidence in the bank will be fully restored before another day is over.

2. January 6, 1900 Evening Star Washington, DC
Article from Evening Star, January 6, 1900

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RAHWAY, N. J., BANK FAILS. Caused by a Run on Institution by Depositors. Rahway, N. J., Bank Suspends. NEW YORK, January 6.-The-Union County Bank of Rahway, N. J., has suspended. The following notice was placed on the front door of the bank building today RAHWAY, N. J., January 6. 1900. The Union County Bank has been compeiled to suspend, owing to the unusual demand made upon it by depositors. So far as the official examination has progressed there does not seem to be any sufficient reason to doubt that depositors will be paid in full as soon as the bank can realize on its investments. THOMAS K. JOHNSTON. Deputy Commissioner of Banking and Insurance. It was known for several days that the bank accounts were under investigation, and this led to a run on the bank during Thursday and Friday, and it is said that about $30,000 was paid out yesterday, and there were still many depositors awaiting to draw out money when the bank closed for the day. After this the directors held a meeting and discussed the situation. and as an outcome it was decided not to open the bank this morning for the reason given in the notice issued by Deputy Commissioner Johnson. To all inquiries today the officers of the Rahway Bank stated that the notice issued by Deputy Commissioner Johnson contained about all the information that at present could be made public regarding the suspension of the bank.

3. January 6, 1900 Albuquerque Daily Citizen Albuquerque, NM
Article from Albuquerque Daily Citizen, January 6, 1900

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New York, Jan. 6.-The Union County bank. Rahway, N. J. to-day placed a notice on the door announcing that it had been compelled to suspend, owing to the unusual demand made upon it by depositors. "but there is good reason to believe the depositors will be paid in full as soon as the bank can realize on investments." The bank has been paying 8 per cent dividends on its capital of $40,000. It is a state institution and had a surplus of $25,000. After the difficulties of the Middlesex County bank, at Perth Amboy, N. J., which was robbed by its cashier. George M. Valentine, there was some evidence of timidity on the part of the depositors of the Union County bank, as the president, Edward F. Savage, had been Valentine's lawyer and vice president of the Union County bank. Mulford D. Valentine was an uncle of the defaulting cashier of the Middlesex County bank.

4. January 6, 1900 The Evening Times Washington, DC
Article from The Evening Times, January 6, 1900

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A Bank Suspends Business. ELIZABETH, N. J., Jan. 6.-The depositors of the Union County Bank, of Rahway, were intensely excited this morning when the bank finally closed its doors and tacked the following notice on the door: "The Union County Bank has been compelled to suspend, business owing to the unusual demand made upon it by its depositors. So far as the official examination has progressed there does not seem to be any sufficient reason to doubt that the depositors will be paid in full as soon as they can realize on its investments." The notice is signed by Thomas K. Johnson, deputy commissioner, and banking inspector.

5. January 6, 1900 The Evening Times Washington, DC
Article from The Evening Times, January 6, 1900

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RUN ON A RAHWAY BANK. The Institution Aided by Money Obtained in New York. RAHWAY. N. J., Jan. 6.-A run on the Union County Bank lasted until the closing hour yesterday afternoon. Money was sent from New York to help the bank, and it is believed it will stand the strain. State bank examiners have been going over the books since last Saturday. The latest report shows deposits of $225,000. The feeling of insecurity which caused the run is due to the recent arrest of E. S. Savage, in connection with the affairs of the Middlesex Banking Company. for which he is attorney. Mr. Savage is president of the Union County Bank.

6. January 6, 1900 The Jersey City News Jersey City, NJ
Article from The Jersey City News, January 6, 1900

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RAHWAY BANK SUSPENDS. Two Days' Run By Depositors Made It Necessary to Close. [Special to "The Jersey City News." RAHWAY, Jan. 6, 1900. - The Union County Bank has suspended and an excited crowd of depositors surrounded the building. A run started on the bank and lasted two days, with the result that it was found necessary to close the institution. Thomas K. Johnson, Deputy Commissioner of Banking and Insurance, posted the following notice on the bank:"The Union County Bank has been compelled to suspend, owing to the unusual demands made upon it by its depositors. So far as the official examination has progressed there does not seem to be any sufficient reason to doubt that the depositors will be paid in full as soon as the bank can realize from its investments." The Union County Bank has been paying 8 per cent. dividends on a capital of $50,000. The bank, which is a State institution, had a surplus of $25,000. After the difficulties of the Middlesex County Bank of Perth Amboy, which was robbed by its cashier, George M. Valentine, there was some evidence of timidity on the part of depositors as the President of the Union County Bank, Edward F. Savage, had been Valentine's lawyer, and the Vice President of the Union County Bank, Mulford D. Valentine, was an uncle of the defaulting cashier of the Middlesex County Bank. Because of these facts there was a suspicion in certain arters that there might be some relation between the banks. NEW YORK, Jan. 6, 1900.-President Edward S. Savage, stated that the Union County bank had absolutely no connections with the Middlesex County Bank. He attributed the run on the bank to the presence of the State banking inspectors and said that the depositors became frightened as to the safety of their money and the heavy run on the bank left no other alternate but to close the doors.

7. January 6, 1900 Barre Evening Telegram Barre, VT
Article from Barre Evening Telegram, January 6, 1900

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BANKS FAILED. Caused By a Run That Has Been Going on for Several Days. New York, Jan. 6.-The Union County bank of Rahway, N. J., on which there has been a run for two days, suspended today on account of lack of funds.

8. January 6, 1900 The Providence News Providence, RI
Article from The Providence News, January 6, 1900

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CLOSED ITS DOORS. Union Bank of Rahway, N. J.; Forced to Suspend Business by a Run. Bank Commissioner Says Depositors Will Probably Be Paid in Full. New York, Jan. 6.-The Union Bank of Rahway, N. J., on which there had been a run for two days suspended today. The following notice was posted: The Union County Bank has been compelled to suspend owing to the unusual demand made upon it by depositors. So far as the official examination has progressed there does not seem tc be any sufficient reason to doubt tha depositors will be paid in full as soon as the bank can realize on its invest menits. (Sgd.) THOMAS K. JOHNSON, Deputy Commissioner of Banking and Insurance. The Union County Bank has bee paying eight per cent. dividend on a capital of $50,000. The bank, which is i state institution had a surplus of $25,000. After the difficulties of the Middle sex County Bank of Perth Amboy, N J., which was robbed by its cashier George M. Valentine, there was som evidence of timidity on the part of the Union County's depositors, as the pres ident of the United County Bank, Ed ward Savage had been Valentine's lawyer and the vice-president of the Union County Bank. Melford D. Valentine was an uncle of the defaulting cashier of the Middlesex County bank.

9. January 6, 1900 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, January 6, 1900

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ANOTHER BANK SUSPENDS. Union Bank of Rahway, N.J., Closes, but Has Plenty of Assets. New York, Jan. 6.-The Union County Bank of Rahway, N. J., today placed a notice on its door announcing that it had been compelled to suspend owing to the unusual demand made upon it by depositors, "but that there is good reason to believe that depositors will be paid in full as soon as the bank can realize on its investments." The bank has been paying 8 per cent dividends on a capital of $40,000. It is a State institution and has a surplus of $25,000. After the difficulties of the Middlesex county bank of Perth Amboy, N. J., which was robbed by its cashier, Geo. M. Vallentine, there was some evidence of timidity on the part of the depositors of the Union County bank, as President Edward F. Savage had been Vallentine's lawyer, and the vice president of the Union County bank. Milford D. Vallentine was an uncle of the defaulting cashier of the Middlesex County bank. It was known for several days that the bank accounts were under investigation and this brought on a run. It is said about $30,000 was paid out yesterday and there were still many depositors awaiting to draw out money when the bank closed for the day. The directors had a meeting late yesterday and as an outcome it was decided not to open the bank today. To all inquiries the officers of the bank stated that the notice issued by Deputy Commissioner Johnson contained about all the information that at present could be made public regarding the suspension.

10. January 7, 1900 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, January 7, 1900

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NEW JERSEY BANK FAILS. Run Causes a Small Concern to Close Its Doors. NEW YORK, Jan. 6.-The Union County bank, of Rahway, N. J., today placed a notice on its door announcing that it had been compelled to suspend owing to the unusual demand made upon it by depositors, "but that there is good reason to believe that depositors will be paid in full as soon as the bank can realize on its investments." The bank has been paying S per cent. dividends on a capital of $40,000. It is a state institution and has a surplus of $25,000. After the difficulties of the Middlesex County bank, of Perth Amboy, N. J., which was robbed by its cashier, George M. Vallentine, there was some evidence of timidity on the part of the depositors of the Union County bank, as President Edward F. Savage had been Vallentine's lawyer, and the vice president of the Union County bank. Mulford D. Vallentine. was an uncle of the defaulting cashier of the Middlesex County bank. It was known for several days that the bank accounts were under investigation and this brought on a run. It is said about $30,000 were paid out yesterday and there were still many depositors awaiting to draw out money when the bank closed for the day. The directors had a meeting late yesterday and as an outcome it was decided not to open the bank today. To all inquiries the officers of the bank stated that the notice issued by Deputy Commissioner Johnson contained about all the information that at present could be made public regarding the suspension.

11. January 7, 1900 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, January 7, 1900

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UNION COUNTY BANK SUSPENDS "Owing to Unusual Demand of Depositors" Located at Rahway N.J, New York, Jan, 6.-The Union County bank of Rahway, N. J., today placed a notice on its door announcing that it had been compelled to suspend, owing to the unusual demand made upon it by depositors, "but there is a good reason to believe that depositors will be paid in full as soon as the bank can realize on its investments." The bank has been paying 8 per cent dividends on a capital of $40,000. Its a state institution and had a surplus of $25,000. After the difficulties of the Middlessex county bank of PerthAmboy, N. J., which was robbed by its cashier, eGorge M. Valentine, there was some evidence of timidity on the part of the depositors, as the president of the Union County bank, Edward F. Savage, had been Valentine's lawyer, and the vice president of the Union County bank, Mulford D. Valentine, was an uncle of the defaulting cashier of the Middlesex County bank. It was known for several days that the bank's accounts were under investigation, and this brought on a run. It is said that about $30,000 was paid out yesterday and there were still many depositors waiting to draw out money when the bank closed for the day. The directors held a meeting late yesterday and as an outcome it was decided not to open the bank. To all inquiries today the officers of the bank stated that the notice issued by Deputyy Commissioner Johnson contained about all the information that at present could be made public regarding the suspension.

12. January 8, 1900 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, January 8, 1900

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VALENTINE AGAIN. I His Wrong Doing Indirectly the Cause of Another Bank's Suspension. New York, January 6-The Union County bank of Rahway, N.J., on which there has been a run for two days, suspended today. The following notice was posted: "The Union County bank has been compelled to suspendlowing to the unusual demand made upon it by deposiors. So far as the official examination has progressed there does not seem to be any sufficient reason to doubt that depositors will be paid in full as soon as the bank can realize on its investments. (Signed) "Thomas K. Johnson, "Deputy Commissioner of Banking and Insurance." The Union County bank has been paying 8 per cent dividends on a capital of $50,000. The bank, which is a state institution, had a surplus of $25,000. After the difficulties of the Middlesex County bank of Perth Amboy, N. J., which was robbed by its cashier, Geo. M. Valentine, there was some evidence of timidity on the part of the Union County's depositors, as the president of the Union County bank, Edward F. Sav age, had been Valentine's lawyer and the vice-president of the Union County bank, Melford D. Valentine, was an uncle of the detaulting cashier of the Middlesex County bank.

13. January 9, 1900 Little Falls Weekly Transcript Little Falls, MN
Article from Little Falls Weekly Transcript, January 9, 1900

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MINOR ITEMS OF INTEREST The Union County bank of Rahway, N. J., has suspended. General T. H. Stanton, U. S. A., retired, is critically ill at Omaha. Julia Marlowe, the actress, has been granted a divorce from Robert Tabor. William J. Bryan was the guest of honor at the Jackson day banquet at Chicago Saturday. J. E. Sutton, editor and proprietor of The Daily Reporter of Logansport, Ind., committed suicide at St. Paul while on his way home from a trip to Portland, Or. Cato Sells, the Lowa Democratic leader, was seriously injured while alighting from a carriage at Chicago. He was on the programme for a speech at the Jackson day banquet. The Davenport, Rock Island and Northwestern road, one of the new lines built in Iowa this year, has been opened for freight and passenger service. It owns 41 miles of road. The business men of Dubuque are entering a vigorous protest against the removal of division headquarters of the Illinois Central from that city to War terloo and also against the building of new shops at Waterloo instead of Dubuque. Ernest J. Lohman, founder of the Fair department store, and the first to put into execution in Chicago the department store idea, died Friday night at White Plains, N. Y. Lohman had long been a patient at a private sanitarium in White Plains.

14. January 11, 1900 Condon Globe Condon, OR
Article from Condon Globe, January 11, 1900

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LATER NEWS. The United States is ahead of Great Britain as a coal producer. tin-plate emThe Montpelier has closed. mill, ploying 200 men, are well pleased with Wood, he is the one man for and Cubans say the task. Three persons were killed and seven injured in a tonement-house fire at New York. The staemr Gazelle was wrecked off the Flordia coast. A passing steamer saved the crow. The Union County bank, of Rahway, N. J., being unable to withstand a run, was forced to suspend. California capitalists are going into fruit culture in the states of Vera Cruz and Oaxaca, Mexico. The United States will not prevent France's attempt to settle her claim with Santo Domingo. A new American banking concern has opened in the City of Mexico with $100,000 paid in capital. Michigan has a sensation and several state official# have been indicted for bribery and embezzlement. Rev. Dr. Edward McGlynn is dead at Newburgh, N. Y. He succumbed to Bright's disease after seven weeks. A bill will soon be presented to congress for a plan for another national park, to be located at the headwaters of the Mississippi. There will be a conference of the governors of the arid states and territories at Salt Lake January 17 to consider the question of arid lands. In Clay county, Kentucky, two men we're shot and killed and four other a participants seriously wounded in fight that started at a murder trial. A Pacific Mail steamer arrived in San Francisco with a cargo of 9,614 tons, nearly twice as much as any ship that had ever entered the Golden Gate. Congressman Hopkins of the house and means committee says there ways will be no revision of the war revenue tax law at this session of the 56th congress. Attached to the annual report of the secretary of agriculture is a recommendation for agricultural experiment stations in the government's new island possessions. A brother of one of the Boer generals who is visiting Chicago, says that if Britain crushes the Transval armies there will be no peace, as the Boers will fight to the last. General Greeley, the chief signal officer of the army and the well-known and Arctic explorer, was assaulted his seriously injured by a messenger in own home at Washington. Tagals are not friendly to Archbishop Chapelle, now at Manila football team The Stanford defeated of 28 the all-Seattle players by a score to 0. The treasurer of Shelby county, In diana, is short $125,000. His books are missing. The Paris high court has found M. De Roulede of guilty conspiracy under extenuating circumstances. Hanna will be chairman of the next be Republican national committee, cause the president wishes it. Because he rode on a railway pass, suit has been filed against a member of the Kentucky election board. President Cole, of the Globe National bank, of Boston, which recently failed has returned and will stand trial. Peter S. Wilkes died at Stockton Cal. He was a confederate congressman during the last year of the war. The president has nominated General a Bates, Young and McArthur for promotion. Bates is to succeed Lawton a was found of bubonic plague in symptoms A native with all Manila the e Two deaths occurred in the house where he was sick. e As a result of campaigning in th Philippines 14 soldiers are insane a the Presidio in San Francisco. They will be sent to Washington. . n The situation at Ladysmith is be e coming horrible. Twenty deaths in one day were reported by General d White. Entric fever and dysentery are prevalent. recent California earthquak volcanoes t caused The inactive old in the deser well to become active; made gas is at Yuma flow again and caused fissure in the ground. ar lines have all advanced freigh lo Merchants have of that the new tariff saying rates. Trunk filed will protest driv business away from New York, haul ship 'e pers taking advantage of shorter y to New Orleans and other ports. 0 Both houses of congress are after Sec be 0 retary Gage The legislators desire 10 know by what right the treasurer in 08 creased deposits of government fund New York banks during the recen in financial flurry there and correspond 8. ence in the matter is asked. al On her recent trip the steamer Aus 8, tralia would not accept steerage pas th in sengers at Honolulu on account of t, plague scare. One death occurred o d December 22, and two Chinese wer in found dead on Christmas day. Thes ar fatalities started the plague scar again. According to the Montreal Herald Canada never before was 80 prosperous k, de Miss A. B. Mulroney, of Philade

15. January 13, 1900 Morris Tribune Morris, MN
Article from Morris Tribune, January 13, 1900

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FINANCE AND TRADE. The Union County bank of Rahway, N. J., has suspended. St. Paul is to have a new evening paper, the first issue to appear Jan. 29. Gold to the amount of $4,250,000 was engaged during the day for export to Europe. An order has heen placed with a Pittsburg firm for 500 steel cars for a French railway. Colored business men of Chicago are about to incorporate an insurance company exclusively for colored people. The People's bank of Wabasha, Minn., organized in 1886 with a capital of $50,000, has been closed by the bank examiner. The Norwegian steamer Ansgar has cleared from New Orleans for Kobe, Japan, with a cargo of 12,000 bales of cotton. This is the third steamer this season for Japan direct.

16. January 3, 1901 Marietta Daily Leader Marietta, OH
Article from Marietta Daily Leader, January 3, 1901

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BUSINESS FAILURES, Jan. 3-Wabasha, Minn., People's bank. 6-Rahway, N. J., Union county bank.... New York, Hulbert H. Warner, patent medicine manf.; $2,319,027. Plankington, S. D., State bank. 17-Chicago, Francis P. Owings, rent estate; $5,364,977. Feb. 7-New Bedford, Mass., Henry E. Holcomb, manf.; $1,351,438 Boston, Miner, Beal & Co., clothing firm, $450,000. 26-United States milling combine (flour trust); $15,000,000. Mar. 3-Port Jarvis (N. Y.) Nat. bank resumes; had suspended payment in December. 5-J. F. Seiberling, formerly manufacturer at Akron, O., files bankruptcy petition; $800,000, assets, $30. 19-John Kehoe, builder of New York, files bankruptcy petition; $1,520,085; no assets. 22-D. Appleton & Co., New York, publishers; $3,000,000. 26-Rutland, Vt., Merchants' Nat. bank.... Keene, N. H., Five Cent savings bank for $1,449,05S; and Guarantee savings bank for $718,873. Apr. 3-Cambridge (Neb.) State bank; $40.000. 10-Columbus, O., Reinhard & Co.'s bank; $140,000. 12-Yates Center, Kan., Citizens' state bank. 27-Adolph Landauer, dry goods dealer of Milwaukee: $391,945.31. May 11-Frank L. Fuller's private banks at Rockford and Cedar Springs, Mich. 21-Pentwater, Mich., Neilson & Co.'s bank. 26-Price, McCormick & Co., of New York, cotton brokers and shippers; $13,000,000. 28-Seymour, Johnson & Co., stock and cotton brokers of New York; $500,000. Jun. 5-W. C. Shields' bank at Mulberry Grove, Ill. 15-McNair & Alexander, cattlemen at Ashland. Kan.; $542,000. Aug. 13-Henry J. Neill, the "barley king." files petition in bankruptey: $500,000.... Kingfisher (Col.) bank; $61,000. 17-Somerset (Ky.) Nat. bank. Sep. 6-Lamont (I11.) state bank; $12,000. 7-Fifth Avenue Savings & Loan Ass'n., of McKeesport, Pa.; $500,000. 18-Hatch & Foote, New York brokers; $2,000.000. 19-South Danvers Nat. bank, at Peabody, Mass. Nov. 17-German Nat. bank, at Newport, Ky. Dec. 12-Bank at Brillion. Wis. 13-Order of Chosen Friends, Jarge fraternal insurance association.

17. January 4, 1901 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, January 4, 1901

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BUSINESS FAILURES. Jan. 3-Wabasha. Minn., People's bank. 6-Rahway. N. J., Union county bank.... New York, Hulbert H. Warner, patent medicine mant.: $2,319,027. Piankington. S. D., State bank. 17-Chiengo, Francis P. Owings, real estate: $5,364,977. Feb. 7-New Bedford, Mass., Henry E. Holcomb. mant: $1,361,438.... Boston, Miner, Beal & Co., clothing firm, $450,000. 26-United States milling combine (flour trust); $15,000,000. Mar. 3-Port Jarvis (N. Y.) Nat. bank resumes; had suspended payment in December. 6-J. F. Seiberling. formerly manufacturer at Akron, O., files bankruptcy petition; $800,000. assets, $30. 19-John Kehoe, builder of New York, files bankruptcy petition: $1,520,085; no assets. 22-D. Appleton & Co., New York, publishCTS: $3,000,000. 26-Rutland, Vt., Merchanis' Nat. bank.... Keene, N. H., Five Cent savings bank for $1.449,058; and Guarantee savings bank for $718,873. Apr. 3-Cambridge (Neb.) State bank; $40,000. 10-Columbus, O., Reinhard & Co.'s bank; $140,000. 12-Yates Center. Kan., Citizens' state bank. 27-Anolph Landauer, dry goods dealer of Milwaukee: $391,945.31. May 11-Frank L. Fuller's private banks at Rockford and Cedar Springs, Mich. 21-Pentwater, Mich., Neilson & Co.'s bank. 26-Price, McCormick & Co., of New York, cotton brokers and shippers; $13,000,000. 28-Seymour, Johnson & Co., stock and cotton brokers of New York; $500,000. Jun. 5-W. C. Shields' bank at Mulberry Grove, III. 15-McNair & Alexander, cattlemen at Ashland. Kan.; $542,000. Aug. 13-Henry J. Neill. the "barley king," files petition in bankruptcy; $500,000.... Kingfisher (Col.) bank: $61,000. 17-Somerset (Ky.) Nat. bank. Sep. 6-Lamont (III.) state bank; $12,000. 7-Fifth Avenue Savings & Loan Ass'n., of McKeesport, Pa.; $500,000. 18-Hatch & Foote, New York brokers: $2,000,000. 19-South Danvers Nat. bank, at Peabody, Mass. Nov. 17-German Nat. bank. at Newport, Ky. Dec. 12-Bank at Brillion, Wis. 13-Order of Chosen Friends, large fraternal insurance association.

18. January 5, 1901 The Grenada Sentinel Grenada, MS
Article from The Grenada Sentinel, January 5, 1901

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BUSINESS FAILURES. Jan. 3-Wabasha, Minn., People's bank 6-Rahway, N. J., Union county bank New York, Hulbert H. Warner, patent medicine manf.: $2,319,027. Plankinton. S. D., State bank. 17-Chicago, Francis P. Owings, real estate: $5,364,977. Feb. 7--New Bedford, Mass., Henry E. Holcomb, manf.; $1,351,438 Boston, Miner, Beal & Co., clothing firm, $450,000. 26-United States milling combine (flour trust): $15,000,000. Mar. 3-Port Jervis (N. Y.) Nat. bank resumes; had suspended payment in Decem. ber. 5-J. F. Selberling, formerly manufacturer at Akron, O., files bankruptcy petition; $800,000, assets, $30. 19-John Kehoe, builder of New York, files bankruptcy petition; $1,520,085; no assets. 22-D. Appleton & Co., New York, publishers; $3,000,000. 26-Rutland, Vt., Merchants' Nat. bank Keene, N. H., Five Cent savings bank for $1,449,058; and Guarantee savings bank for $718,873. Apr. 3-Cambridge (Neb.) State bank: $40,000. 10-Columbus, O., Reinhard & Co.'s bank; $140,000. -Yates Center, Kan., Citizens' state bank. 27-Adolph Landauer, dry goods dealer of Milwaukee: $391,945.31. May 11-Frank L. Fuller's private banks at Rockford and Cedar Springs, Mich. 21-Pentwater, Mich., Neilson & Co.'s bank. 26-Price, McCormick & Co., of New York, cotton brokers and shippers; $13,000,000. 28-Seymour, Johnson & Co., stock and cotton brokers of New York: $500,000. Jun. 5-W. C. Shields' bank at Mulberry Grove, Ill. 15-McNair & Alexander, cattlemen at Ashland. Kan.: $542,000. Aug. 13-Henry J.O'Nelll, the "barley king, files petition in bankruptcy; $500,000 Kingfisher (Col.) bank; $61,000. 17-Somerset (Ky.) Nat. bank. Sep. 6-Lamont (III.) state bank: $12,000. 7-Fifth Avenue Savings & Loan Ass'n., of McKeesport, Pa.: $500,000. 18-Hatch & Foote, New York brokers; $2.000,000. 19-South Danvers Nat. bank, at Peabody, Mass. Nov. 17-German Nat. bank, at Newport, Ky. Dec. 12-Bank at Brillion, Wis. 13-Order of Chosen Friends, large fraternal insurance association. 21-American nat. bank of Baltimore, Md. 1 25-Isaac Robinson. at Baltimore, Md., manufacturer: $800,000.

19. January 9, 1901 Willmar Tribune Willmar, MN
Article from Willmar Tribune, January 9, 1901

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BUSINESS FAILURES. Jan. 3-Wabasha, Minn., People's bank. 6-Rahway, N. J., Union county bank New York, Hulbert H. Warner, patent medicine manf.; $2,319,027. 9-Plankinton, S. D., State bank. 17-Chicago, Francis P. Owings, real estate; $5,364,977. Feb. 7-New Bedford, Mass., Henry E. Ho!comb, manf.; $1,351,438 Boston, Miner, Beal & Co., clothing firm, $450,000. 26-United States milling combine (flour trust); $15,000,000. Mar. 3-Port Jervis (N. Y.) Nat. bank resumes; had suspended payment in December. 5-J. F. Seiberling, formerly manufacturer at Akron, O., files bankruptcy petition; $800,000, assets, $30. 19-John Kehoe, builder of New York, files bankruptcy petition; $1,520,085; no assets. 22-D. Appleton & Co., New York, publishers; $3,000,000. 26-Rutland, Vt., Merchants' Nat. bank. Keene, N. H., Five Cent savings bank for $718,873. $1,449,058; and Guarantee savings bank for Apr. 000. 3-Cambridge (Neb.) State bank; $40,12-Yates Center, Kan., Citizens' state bank. 27-Adolph Landauer, dry goods dealer of Milwaukee; $391,945.31. May 11-Frank L. Fuller's private banks at Rockford and Cedar Springs, Mich. 21-Pentwater, Mich., Neilson & Co.'s bank. 26-Price, McCormick & Co., of New York, cotton brokers and shippers; $13,000,000. 28-Seymour, Johnson & Co., stock and cotton brokers of New York; $500,000. Jun. 5-W. C. Shields' bank at Mulberry Grove, III. 15-McNair & Alexander, cattlemen at Ashland, Kan.; $542,000. Aug. 13-Henry J. Neill, the "barley king," files petition in bankruptcy; $500,000.... Kingfisher (Col.) bank; $61,000. 17-Somerset (Ky.) Nat. bank. Sep. 6-Lamont (Ill.) state bank; $12,000. 7-Fifth Avenue Savings & Loan Ass'n., of McKeesport, Pa.; $500,000. 18-Hatch & Foote, New York brokers; $2,000,000. 19-South Danvers Nat. bank, at Peabody, Mass. Nov. 17-German Nat. bank, at Newport, Ky. Dec. 12-Bank at Brillion, W.is. 13-Order of Chosen Friends, large fraternal insurance association. 21-American nat. bank of Baltimore, Md. 25-Isaac Robinson, at Baltimore, Md., manufacturer; $800,000.