12782. Platte Valley State Bank (Bellwood, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 28, 1902
Location
Bellwood, Nebraska (41.343, -97.238)

Metadata

Model
gpt-5-mini
Short Digest
9b5a65f1

Response Measures

None

Description

Multiple contemporaneous reports (late Jan 1902) state the Platte Valley State Bank at Bellwood closed and was placed in charge of a state examiner after discovery of extensive forgeries/peculations by cashier A. H. Gould. No run is mentioned. Later business-failure lists (Jan 1903) record the bank as failed, indicating permanent closure. I corrected OCR variants of Gould/Gould and used Jan 28–29, 1902 as the suspension date based on newspaper reports.

Events (3)

1. January 28, 1902 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier A. H. Gould arrested on charges of forgery; discovered $45,000 in forged paper and peculations/embezzlement uncovered by state examiner.
Newspaper Excerpt
The Platte Valley State bank closed its doors shortly after noon today and is now in the hands of a state examiner.
Source
newspapers
2. February 6, 1902 Other
Newspaper Excerpt
According to his own confession, he has uttered $45,000 in worthless paper ... the wrecked Platte Valley Bank of Bellwood, Neb.
Source
newspapers
3. January 10, 1903 Other
Newspaper Excerpt
28-Bellwood, Neb., Platte Valley state bank. (listed under business failures Jan. 10, 1903).
Source
newspapers

Newspaper Articles (24)

Article from The Saint Paul Globe, January 29, 1902

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CASHIER UNDER ARREST IS ALLEGED TO HAVE LOOTED NEBRASKA BANK. BELLWOOD, Neb., Jan. 28.-The Platte Valley State bank closed its doors shortly after noon today and is now in the hands of a state examiner. The suspension was unexpected and has caused much excitement. A. H. Could, the cashier, is under arrest charged with forgery. LINCOLN, Neb., Jan. 28.-Members of the state banking board in, Lincoln confirm the arrest of Cashier Gould and speak of the failure as a bad one for a bank which had but $15,000 capital. Attorney General Prout said there was evidence of a discrepancy of $45,000 through the issuance of forged paper,


Article from Rock Island Argus, January 29, 1902

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Cashier Closes a Bank. Bellwood. Neb, Jan. 29.-The Platte Valley State bank closed its doors shortly after noon yesterday and is now in the hands of a state examiner. The suspension was unexpected and has caused much excitement. A. H. Gould. the cashier, is under arrest, charged with forgery.


Article from The Plymouth Tribune, January 30, 1902

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Cashier Closes a Bank. Bellwood, Neb, Jan. 29.-The Platte Valley State bank closed its doors shortly after noon yesterday and is now in the hands of a state examiner. The suspension was unexpected and has caused much excitement. A. H. Gould, the cashier, is under arrest, charged with forgery.


Article from The Big Sandy News, January 31, 1902

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Cashier Charged With Forgery, Bellwood, Neb., Jan. 29.-The Platte Valley State bank closed its doors Tuesday, and is now in the hands of a state bank examiner, The suspension vas unexpected and has caused much xciter nt. A. H. Could, the cashier, arrest charged with forgery,


Article from The Denison Review, January 31, 1902

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Bank Closed. Lincoln, Neb., Jan. 29.-A Journal special from Bellwood, Neb., says: The Platte Valley state bank closed its doors shortly after noon Tuesday, and is now in the hands of a state examiner. The suspension was unexpected and has caused much excitement. A. H. Gould, the cashier, is under arrest, charged with forgery.


Article from The Owosso Times, January 31, 1902

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WEDNESDAY. Senator Hoar has introduced a bill increasing to $100 per month the pension rate for total blindness, Cardinal Lucido Maria Parocchi, the bishop of Porto and Santa Rufina, who has been dangerously ill for some weeks, is been dying at Rome. President Roosevelt, it is learned, sent a cablegram of congratulation to Emperor William of Germany on his birthday, but its text is not made public. A special to the Seattle Times from Dawson says that Thomas Middleton, a native of Leeds, England, chief accountant for the Yukon territory, has committed suicide rather than suffer arrest for embezzlement. The body of a 12-year-old boy was found Tuesday on the banks of a small creek near Winfield, Kan. He had been frozen to death in the snow and his body was being guarded by two dogs. There is no clue to the boy's identity. The Platte Valley State bank at Bellwood, Neb., has closed its doors and is now in the hands of a state ex aminer. The suspension was unexpected and has caused much excitement. A. H. Gould, the cashier, is under arrest, charged with forgery.


Article from Vilas County News, February 3, 1902

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killed his wife and committed suicide Monday will be turned over to the Cook county officers for a pauper's burial. At Bellwood, Neb., the Platte Valley state bank is closed and in the hands of the state examiner. The suspension ha caused much excitement. A. H. Gould, the cashier, is under arrest charged with forgery Three people were instantly killed and four seriously injured by a Michigan Central train at a crossing at West Hammond, Ind. The party was in a lose carriage returning from a funeral. The driver escaped uninjured. Governor Savage of Nebraska declines to appoint a new board of fire and police commissioners for Omaha under the authority recently granted him by a decision of the supreme court and says he will not disturb the present board selected by the mayor and city council of Omaha. W. L. Churchill of Bay City, Mich., chairman of the beet sugar delegation of that state was before the Cuban reciprocity committee. He declared the real issue was between the sugar trust and domestic producers and expressed confidence that congress would not cast its influence on the side of the trust. The advantages of establishing a naval training station on the great lakes were presented to the house committee on naval affairs by Representative Oljen of Milwaukee. He pointed out the large number of naval enlistments from the lake regions, the records showing that 70 per cent. come from the district having Chicago as a center.


Article from The Professional World, February 7, 1902

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his son, Richard Kennedy, for false in prisonment in an asylum for the in sane. Henry A. Faulkner and Julius Leh man of the St. Louis house of deputie were arrested on the charge of perjur in connection with the council boodl investigation by the grand jury. Fearing she would kill her 4-months old baby, Mrs. Fred Hipskind of Wa bash, Ind., committed suicide. For tw years she had been in delicate healt and feared she was losing her mind. At Elkhart. Ind., Ora Strine, age 24. who killed his wife at the home ( her parents on Dec. 14, was given a lif sentence. Strine married Alice Coch ran on Nov. 23, only three weeks befor he killed her. The Bulletin of the American Iro and Steel association says: "The to tal production of pig iron in 1901 wa 15,878,354 gross tons, against 13,789 242 tons in 1900, 13,620,703 tons i 1899. 11,773,934 tons in 1898, and 9 652,680 tons in 1897." Postmaster General Payne has reis sued an order promulgated by previou administrations prohibiting all em ployes the service from visitin Washington, whether on leave with o without pay, for the purpose of influ encing congressional legislation. A series of visits to the chief Europ ean courts and countries is shortly t be paid by the young king of Spain. will form at once his debut in the worl and the finishing touches. SO to' speal to his royal education. The boy kin has now entered his 16th year. It has been practically decided t place Admiral Dewey at the head ( the special commission of three mem bers that will be sent to Europe t arouse a more active interest in the S Louis fair than is now being manifeste by many of the Old World nations. The Platte Valley State bank a Bellwood, Neb.. closed its doors chor ly after noon Wednesday, and is no in the hands of a state examiner. Th suspension was unexpected and ha caused much excitement. A. H Gould. the cashier. is under arres charged with forgery. After 34 years of blindness J. F Perry of Portland, Mich., was give back the faculty of sight at the home the university o of opathic hospital Michigan. The operation was per formed by Dr. Royal S. Copeland, an was one of the most successful of it kind in the history of the hospital. John W. Gates, the Chicago steel mag nate, has just secured another of Rem brandt's oldest and finest paintings entitled "St. Paul." which represent the apostle in prison. It was pur chased of a New York dealer at a pric somewhere in the neighborhood o $75,000. Former City Treasurer Moses T Hale's shortage has been fixed by a expert accountant at $27,800. The cit of Colorado Springs, Col., will not lose as Hale's brother of New Berryport N. Y., advanced $50,000 some month ago with which to make good the de falcation. Alwin Charles, aged 65 years, ha been arrested at Maryville, Mo., o the charge of embezzling $1,600 be longing to the local Odd Fellow: lodge. of which he was for 13 year secretary. Charles is a justice of th peace and has lived in Maryville a of his life. C. D. Pierce, consul of the Orang Free State, at Nek York, said in regar to the report that Paul Kruger migh come to this country in April. in re sponse to the many invitations he ha received, that it had been definitely set tled that he would not come. He spok as if this decision was final. Secretary of the Treasury Gage will go to New York Monday to conside the offer made to him by the Interna tional Banking corporation. Of th many offers received by the retirin secretary this and an offer to becom president of the Chicago Title an Trust company are the only one whose acceptance he is seriously con sidering. Geo. Reeder, a Northern Pacifi freight conductor, is dead as a resul of a peculiar accident. Reeder wa running an extra to Duluth, Minn from the west and discovered that brake shoe was frozen to one of th wheels. Procuring a lining bar h leaned over on the step and struck a the shoe with the rod. While in thi position one end of the rod happene to strike the ground and the other en pointed straight at Mr. Reeder. Th rush of the train forced the rod heavil against his stomach, producing interna injuries from which he died. Mrs. Lease, the former Kansas ora tor now of New York advanced th


Article from The Saint Paul Globe, February 7, 1902

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CROOK AND FORGER PLATTE VALLEY BANK CASHIER LEADS DOUBLE LIFE FOR FIFTEEN YEARS HE CONFESSES HIS GUILT Peculations Extending Over a Series of Years Finally Unearthed by the State Bank Examiner. LINCOLN, Neb., Feb. 6.-A crook and forger for fifteen years, while the public respected and trusted him. This has been the career of Cashier A. H. Gould, of the wrecked Platte Valley Bank of Bellwood, Neb. According to his own confession, he has uttered $45,000 in worthless paper, and until a few days ago escaped detection by a perfect chain of forgeries. In addition, he admits having defaulted to the amount of $5,000 by failing to make any records of certificates of deposits. The peculations of Gould are all the more wonderful because the capital stock of the bank was only $15,000, and the institution was inspected at regular periods by the state bank examiners. The plan followed by the cashier was novel and unique. He was a clever forger and adept in imitating the handwriting of others. His scheme was to forge the names of wealthy farmers in the vicinity of Bellwood to notes and then palm the worthless paper off on New York, St. Louis and Chicago banks. When one batch of notes would fall due he would forge still others to take the places of those maturing. Finally he grew careless and invented the names of imaginary farmers, and this led to his undoing. Bank Examiner Hartwell first grew suspicious of the amount of paper carried by the bank. He made some inquiries and found that $5,000 in notes had been sold to the First National Bank of Lincoln. He called at the latter institution and requested the privilège of examining the notes. Very few of the parties lived at Bellwood. Cashier Gould at first refused to give up $1,000 in cash to the bank examiner placed in charge by the state, and Attorney General Prout ordered his arrest. About that time the forged paper was discovered, and he was held for that offense. The stockholders of the defunct bank demanded $500,000 bail, and in default Gould was locked up. "I am up against it," he said, "and I'm not going to run." Speculation on the gra'n market, he said, dating back fifteen years, caused his downfall. On Jan. 3 the vault of the Bellwood bank was dynamited and totally destroyed. It was reported that several thousand dollars was taken. It is now suspected that Gould planned a fake robbery in order to cover up a portion of his forgeries. Gould was an active participant in church affairs, and comes from one of the best families in Nebraska,


Article from Albuquerque Daily Citizen, February 11, 1902

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TOWN EXCITED. Nebraska Village Want to Lynch Trio of Bank Wreckers. David City, Neb., Feb. 11. George S. Gould was arrested at Bellwood last night, charged with conspiracy in connection with the failure of the Platte Valley bank at Bellwood. He is the third of the Gould brothers placed under arrest. He was brought to this city to avoid trouble, as excitement still runs high at Bellwood.


Article from Evening Times-Republican, February 11, 1902

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ANOTHER GOULD ARRESTED. Third Arrest In Connection With Nebraska Bank Failure. David City, Feb. 11.-George S. Gould was arrested at Bellwood last night and brought to this city today, charged with conspiracy in connection with the failure of the Platte Valley Bank at Bellwood. He is the third of the Gould brothers to be placed under arrest. He was brought to this city to avoid trouble, as excitement still runs high at Bellwood. The three brothers will have trial in this district court this week. a


Article from The Indianapolis Journal, February 12, 1902

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Three Brothers Under Arrest. DAVID CITY, Neb. Feb. 11.-George S. Gould was arrested at Bellwood last night and brought to this city to-day charged with conspiracy in connection with the failure of the Platte Valley Bank at Bellwood. He is the third of the Gould brothers to be placed under arrest. He was brought to this city to avoid trouble, as excitement still runs high at Bellwood. The three brothers will have a trial in the District Court this week.


Article from The Montgomery Advertiser, February 12, 1902

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George S. Gould Arrested. David City, Neb., Feb. 11.-George S. Gould was arrested at Bellwood last night and brought to this city today charged with conspiracy in connection with the failure of the Platte Valley Bank at Bellwood. He is the third of the Gould brothers to be placed under arrest. He was brought to this city to avoid trouble. as excitement still runs high at Bellwood. The three brothers will have a trial in the District Court this week.


Article from The Rich Hill Tribune, January 1, 1903

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BUSINESS FAILVRES. Jan. 10-Cleveland. O., Euelid Trust & Savings Co.: $1 1,500,000. II-Painesville, O. People's bank: $173,000 Chirago, Geo. H. Phillips, "corn king, falls for second time in 7 months. 17-Albany, Ga., Commercial bank: $123,000 2-Bellwood. Neb., Platte Valley state bank Feb. 10-Detroit, Mich. City savings bank. on account of shortage of Vice President Frank c. Andrews Il-Belment (0) national bank Burnett Tex., private bank of W. R. Westfall & Co. Mar. 1-Elkhart, III., State bank. II-Wanatah Ind., Julhia Center banker. Americus, Ga., People's bank: $30,000. Apr 4-BL Paul, U. S. Saving & Loan Co.: $800,000. N-Algonaç (Mich.) Banking Co.'s bank; $32,000 Jun. 3-Chicago, John A. & Alexander Davideen. marble contractors $1,891,888. II-Charlesten (S. C.) Exposition Co., placed in receivers' hands: $450,000. as Murdeck, Neb., German state bank: $37,000 Jul. -New York city, M. P. Anderson, real estate operator; $1,580,242 20-Brooklyn. N. X4 Malcolm Brewing Co.: $800.000. Allg 16-Elgin, IIL. Obadlah Bands Butfor corporation, $445,000. 20-Clayeland, O., Forward Reduction Co., beening Texas all: $500.000. 24 Kloora (Ind) bank $10.000. step -New York American bioycle trust. -Treaton. N. In National Balt Ca sell $800,000.


Article from The Bourbon News, January 2, 1903

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BUSINESS FAILVRES. Jan. 10-Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11-Painesville, O., People's bank; $173,000. 14-Chicago, Geo. H. Phillips, "corn king," fails for secona time in 7 months. 17-Albany, Ga., Commercial bank; $123,000. 28-Bellwood, Neb., Platte Valley state bank. Feb. 10-Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.-Belmont (0.) national bank. 26-Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3-Elkhart, Ill., State bank. 15-Wanatah, Ind., Julius Conitz, banker. 20-Americus, Ga., People's bank; $30,000. Apr. 4-St. Paul, U. S. Saving & Loan Co.; $800,000. 24-Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3-Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13-Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30-Murdock, Neb., German state bank; $37,000. Jul. 3-New York city, M. P. Anderson, real estate operator; $1,535,212. 29-Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16-Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20-Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24-Elnora (Ind.) bank; $10,000. Sep. 2-New York, American bicycle trust. Oct. 7-Oto, Ia., bank of F. H. Cutting & J. T. Willett; $20,000. 16-New York, Gillman, Son & Co's banking house; $200,000. Nov. 5-Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13-Boyton. Central national bank. Dec. 8-Omaha, W. H. Bennett Co.'s. department store.


Article from Ceredo Advance, January 7, 1903

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BUSINESS FAILVRES. Jan. 10-Cleveland, O., Euclid Trust & Savings Co.: $1,500,000. 11-Painesville, O., People's bank; $173,000. 14-Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17-Albany, Ga., Commercial bank; $123,000. 28-Bellwood, Neb., Platte Valley state bank. Feb. 10-Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.-Belmont (O.) national bank. 26-Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3-Elkhart, III., State bank. 15-Wanatah, Ind., Julius Conitz, banker. 20-Americus, Ga., People's bank; $30,000. Apr. 4-St. Paul, U. S. Saving & Loan Co.; $800,000. 24-Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3-Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13-Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30-Murdock, Neb., German state bank; $37,000. Jul. 3-New York city, M. P. Anderson, real estate operator; $1,535,212. 29-Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16-Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20-Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24-Elnora (Ind.) bank: $10,000. Sep. 2-New York, American bicycle trust. Oct. 7-Oto, Ia., bank of F. H. Cutting & J. T. Willett; $20,000. 16-New York, Gillman, Son & Co's banking house; $200,000. Nov. 5-Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13-Boston, Central national bank. Dec. 8-Omaha, W. H. Bennett Co.'s. department store.


Article from Iron County Register, January 8, 1903

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BUSINESS FAILVRES. Jan. 10-Cleveland. O., Euclid Trust & Savings Co.: $1,500,000. 11-Painesville, O., People's bank: $173,000. 14-Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17-Albany, Ga., Commercial bank; $123,000. 28-Bellwood, Neb., Platte Valley state bank. Feb. 10-Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.-Belmont (O.) national bank. 26-Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3-Elkhart, Ill., State bank. 15-Wanatah, Ind., Julius Conitz. banker. 20-Americus. Ga., People's bank: $30,000. Apr. 4-St. Paul, U. S. Saving & Loan Co.: $800,000. 24-Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3-Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13-Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30-Murdock, Neb., German state bank; $37,000. Jul. 3-New York city, M. P. Anderson, real estate operator; $1,535,212. 29-Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16-Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20-Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24-Elnora (Ind.) bank: $10,000. Sep. 2--New York, American bicycle trust. 30-Trenton, N. J., National Salt Co. ("salt trust"): $300,000. Oct. 7-Oto, Ia., bank of F. H. Cutting & J. T. Willett: $20,000. 16-New York, Gillman, Son & Co's banking house; $200,000. Nov. 5-Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13-Boston. Central national bank. Dec. 8-Omaha, W. H. Bennett Co.'s. department store.


Article from Barton County Democrat, January 9, 1903

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BUSINESS FAILURES. Jan. 10- Cleveland O., Euclid Trust & Savings Co.; $1,500,000. 11-Painesville, O., People's bank: $173,000. 14-Ch cago, Geo. H. Phill ps, corn king," fails 1or second time in 7 months. 17-Albany, Ga., Commercial bank; $123,000. 28-Bellwood, Neb., Platte Valley state bank. Feb. 10-Detroit, Mich Cit sav ags bank, on account of shortage of Vice Presidest Frank C. Andrews 25.-Belmont (0.) national bank. 26-Rurnett, Tex., private bank of W. H. Westfall & Co. Mar. 3- Elkhart, III., State bank. 15-Wanatah, Ind., Julius Conitz, banker. 20-Americus, Ga., People's bank; $30,000. Apr. 4-St. Paul, U. S. Saving & Loan Co.; $ 00,000. 24-Algonac (Mich.) Banking Co."s bank; $32,000. Jun. 3-Chicago, John A. & Alexander Davidson, marbie contractors; $1,391,538 13-Charleston (S. C.) Exposition Co., placed in receivers' hands, $450,000. 30-Murdock, Neh, German state bank; $37,000. Jul. 3-New York city, M. P. Anderson, real estate operator, $1,535,212 29-Brooklyn, N. Y,, Malco n Brewing Co.; $800,000. Aug. 16-Elgin, III., Obadiah Sands Butter corporation, $445,000. 20-Cleveland On Forward Reduction Co., booming Texas oil; $500,000. 24-Elnora (Ind.) bank; $10,000. Sep. 2-No York, American blcycle trust. Oct. 7-Oto, Ia., bank of F H Cutting & J. T. Willett: $20,000. 16-New York, Giliman. Sen & Co's banking house; $200,000. Nov. 5-Richmond Va Leon L. Strause leaf tobacco; $300,500 13-Bosten Central national bank Dec. 8-Omaha, W. 11 Bennett Co's. department store


Article from The Kinsley Graphic, January 9, 1903

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BUSINESS FAILVRES. Jan. 10-Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11-Painesville, 0., People's bank; $173,000. 14-Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17-Albany, Ga., Commercial bank; $123,000. 28-Bellwood, Neb., Platte Valley state bank. Feb. 10-Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.-Belmont (0.) national bank. 26-Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3-Elkhart, III., State bank. 15-Wanatah, Ind., Julius Conitz, banker. 20-Americus, Ga., People's bank; $30.000. Apr. 4-St. Paul, U. S. Saving & Loan Co.; $800,000. 24-Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3-Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13-Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30-Murdock, Neb., German state bank; $37,000. Jul. 3-New York city, M. P. Anderson, real estate. operator; $1,535,212. 29-Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16-Elgin, III., Obadiah Sands Butter corporation, $445,000. 20-Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24-Elnora (Ind.) bank; $10,000. Sep. 2-New York, American bicycle trust. Oct. 7-Oto, la., bank of F. H. Cutting & J. T. Willett: $20,000. 16-New York, Gillman, Son & Co's banking house; $200,000. Nov. 5-Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13-Boston. Central national bank. Dec. 8-Omaha, W. H. Bennett Co.'s. department store.


Article from The Forrest City Times, January 9, 1903

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BUSINESS FAILVRES. Jan. 10-Cleveland. O., Euclld Trust & Savings Co.: $1,500,000. 11-Painesville, O., People's bank: $173,000. 14-Chicago, Geo. H. Phillips, "corn king," falls for second time in 7 months. 17-Albany, Ga., Commercial bank: $123,000. 28-Bellwood, Neb., Platte Valley state bank. Feb. 10-Detroit, Mich., City savings bank, on account of shortage of Vice Pres!dent Frank C. Andrews. 25.-Belmont (0.) national bank. 26-Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3-Elkhart, III., State bank. 15-Wanatah, Ind., Julius Conitz, banker. 20-Americus. Ga., People's bank: $30,000. Apr. 4-St. Paul, U. S. Saving & Loan €o.; $800,000. 24-Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3-Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13-Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 80-Murdock, Neb., German state bank; $37,000. Jul. 3-New York city, M. P. Anderson, real estate operator; $1,535,212. 29-Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16-Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20-Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24-Elnora (Ind.) bank: $10,000. Sep. 2-New York, American blcycle trust. 80-Trenton, N. J., National Salt Co. ("salt trust"); $300,000.


Article from The Tupelo Journal, January 9, 1903

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BUSINESS FAILVRES. Jan. 10-Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11-Painesville, O., People's bank; $173,000. 14-Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17-Albany, Ga., Commercial bank; $123,000. 28-Bellwood, Neb., Platte Valley state bank. Feb. 10-Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.-Belmont (O.) national bank. 26-Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3-Elkhart, Ill., State bank. 15-Wanatah, Ind., Julius Conitz, banker. 20-Americus, Ga., People's bank; $30,000. Apr. 4-St. Paul, U. S. Saving & Loan Co.; $800,000. 24-Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3-Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13-Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30-Murdock, Neb., German state bank; $37,000. Jul. 3-New York city, M. P. Anderson, real estate operator; $1,535,212. 29-Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16-Elgin, III., Obadiah Sands Butter corporation, $445,000. 20-Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24-Elnora (Ind.) bank $10,000. Sep. 2-New York, American bicycle trust. 30-Trenton, N. J., National Salt Co. ("salt trust"); $300,000. Oct. 7-Oto Ia., bank of F. H. Cutting & J. T. Willett: $20,000. 16-New York, Gillman, Son & Co's banking house; $200,000. Nov. 5-Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13-Boston, Central national bank. Dec. 8-Omaha, W. H. Bennett Co.'s. department store.


Article from Newport Weekly Independent, January 9, 1903

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BUSINESS FAILVRES. Jan. 10-Cleveland. O., Euclid Trust & Savings Co.; $1,500,000. 11-Painesville, O., People's bank: $173,000. 14-Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17-Albany, Ga., Commercial bank: $123,000. 28-Bellwood, Neb., Platte Valley state bank. Feb. 10-Detroit, Mich., City savings bank. on account of shortage of Vice President Frank C. Andrews. 25.-Belmont (O.) national bank. 26-Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3-Elkhart, Ill., State bank. 15-Wanatah, Ind., Julius Conitz. banker. 20-Americus. Ga., People's bank: $30,000. Apr. 4-St. Paul, U. S. Saving & Loan Co.; $500,000. 24-Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3-Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13-Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 80-Murdock, Neb., German state bank; $37,000. Jul. 3-New York city, M. P. Anderson, real estate operator; $1,535,212. 29-Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16-Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20-Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24-Elnora (Ind.) bank: $10,000. Sep. 2-New York, American bicycle trust. 80-Trenton, N. J., National Salt Co. ("salt trust"); $300,000.


Article from The Scranton Chronicle, January 10, 1903

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BUSINESS FAILVRES. Jan. 10-Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11-Painesville, O., People's bank: $173,000. 14-Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17-Albany, Ga., Commercial bank; $123,000. 28-Bellwood, Neb., Platte Valley state bank. Feb. 10-Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.-Belmont (O.) national bank. 26-Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3-Elkhart, III., State bank. 15-Wanatah, Ind., Julius Conitz. banker. 20-Americus, Ga., People's bank: $30,000. Apr. 4-St. Paul, U. S. Saving & Loan Co.; $800,000. 24-Algonac (Mich, Banking Co.'s bank; $32,000. Jun. 3-Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13-Charleston (S. C.) Exposition Co., placed in receivers' hands: $450,000. 30-Murdock, Neb., German state bank; $37,000. Jul. 3-New York city, M. P. Anderson, real estate operator; $1,535,212. 29-Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16-Elgin, III., Obadiah Sands Butter corporation, $445,000. 20-Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24-Elnora (Ind.) bank: $10,000. Sep. 2-New York, American bicycle trust. Oct. 7-Oto, Ia., bank of F. H. Cutting & J. T. Willett; $20,000. -New York, Gillman, Son & Co's banking house: $200,000. Nov. 5-Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13-Boston, Central national bank. Dec. 8-Omaha, W. H. Bennett Co.'s. department store.


Article from Woodville Republican, January 10, 1903

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BUSINESS FAILVRES. Jan. 10-Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11-Painesville, O., People's bank: $173,000. 14-Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17-Albany, Ga., Commercial bank; $123,000. 28-Bellwood, Neb., Platte Valley state bank. Feb. 10-Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.-Belmont (O.) national bank. 26-Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3-Elkhart, III., State bank. 15-Wanatah, Ind., Julius Conitz, banker. 20-Americus, Ga., People's bank; $30,000. Apr. 4-St. Paul, U. S. Saving & Loan Co.: $800,000. 24-Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3-Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13-Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30-Murdock, Neb., German state bank; $37,000. Jul. 3-New York city, M. P. Anderson, real estate operator; $1,535,212. 29-Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16-Elgin, III., Obadiah Sands Butter corporation, $445,000. 20-Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24-Elnora (Ind.) bank: $10,000. Sep. 2-New York, American bicycle trust. Oct. 7-Oto, Ia., bank of F. H. Cutting & J. T. Willett; $20,000. 16-New York, Gillman, Son & Co's banking house: $200,000. Nov. 5-Richmond. Va., Leon L. Strause, leaf tobacco: $300,500. 13-Boston. Central national bank. Dec. 8-Omaha, W. H. Bennett Co.'s. department store.