13394. Farmers Bank (Fayetteville, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
*
Location
Fayetteville, New York (43.030, -76.004)

Metadata

Model
gpt-5-mini
Short Digest
bc9a1a3bfe36cb1e

Response Measures

None

Description

Multiple contemporary newspapers (late Sept–Oct 1887) report that F. M. Severance, cashier of the 'defunct' or 'bursted' Farmers' Bank of Fayetteville, N.Y., was arrested on complaint of Receiver Andrews, charged with embezzling $50,000. Articles describe the bank as defunct and a receiver is involved; no reports of a run are present. Thus the bank had suspended/closed and a receiver was appointed (closure), likely following bank-specific malfeasance.

Events (2)
1. * Receivership
Newspaper Excerpt
arrested on complaint of Receiver Andrews, charging him with embezzling $50,000 of the bank's funds.
Source
newspapers
2. * Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank is described as defunct/failed and the cashier is accused of embezzling $50,000, indicating bank-specific malfeasance leading to failure.
Newspaper Excerpt
F. M. Severance, cashier of the defunct Farmers' Bank, of Fayetteville, N. Y., has been arrested on complaint of Receiver Andrews, charging him with embezzling $50,000 of the bank's funds.
Source
newspapers

Newspaper Articles (11)
1. September 30, 1887 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, September 30, 1887

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Article Text

TELEGRAPHIC BREVITIES. John T. Whetstone committed suicide at Co. lusa on Wednesday. The extension of the Placerville road will be completed about January 1st. Miss Phoebe W. Cousins has been installed as United States Marshal of Illinois. It is now admitted that some of the police at Mitchellstown fired without orders. Emma G. Frazer, a native of Canada, has applied for admission as a citizen at Calistoga. H. J.*Moore was on Wednesday crushed to death between two wagons on a crowded street in Chicago. The threatened general strike of window-glass workers at Pittsburg has been averted by a compromise. The graders on the Santa Rosa and Benicia road are now at work about five miles west of the Napa river. Young Schnaebeles has been sentenced at Metz to three months' imprisonment and a fine of twenty marks. Baron Hirsch has made a handsome gift for the erection of a School of Industry for Jewish orphans at Galicia. The little child of Spellman, who was burned while playing with matches at San Jose, died of its injuries yesterday. The Canadian fisheries have had a prosperous season, while the American skippers have not averaged half a catch. B. F. Pritchard, of hay-fork motoriety, was examined at Colusa on obtaining money on false pretenses and discharged. Yesterday's offering of bonds to the Government aggregated $405,950. of which $338,450 were fours, and $67,500 four and a half per cents. Samuel Miller reports Yosemite travel to be holding up well for the season. He is ticketing a few globe-trotters into the valley each day. Ah Jim, a Chinese cook in' a restaurant in San Diego, attempted to carve two white girls with a knife. He now languishes behind prison bars. At Louisville yesterday the winners were Irma, Carus, Bixby, Jim Nave, and Jules Mumm. Those running second were Duett, Fanny Strauss, Derochment, Our Friend, and Big Three. F. M. Severance, Cashier of the defunct Farmers' Bank, of Fayetteville, N. Y., has been arrested on complaint of Receiver Andrews, charging him with embezzling $50,000 of the bank's funds. The winning horses at Brooklyn yesterday were Specialty, Raceland, Grisette (Baldwin's), Queen Elizabeth, Fordham, and Nellie Van. Those running second were Haldwin's King Idle, Esquimaux, Freedom, Bessie June, Monmouth, and Maggie Mitchell.

2. September 30, 1887 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, September 30, 1887

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Article Text

Bank Cashier Arrested. SYRACUSE, N. Y., Sept. 29 -F. M Severans, cashier of the defunct Farmers' bank, of Fayetteville, has been arrested on complaint of Receiver Andrews, charging him with embezzling $50,000 of the bank funds.

3. September 30, 1887 Wheeling Register Wheeling, WV
Article from Wheeling Register, September 30, 1887

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Article Text

Embezaled Fifty Thousand Dollars. SYRACUSE, N.Y., September 29.-F. M. Severance, cashier of the defunct Farmers' Bank, of Fayetteville, has been arrested on complaint of Receiver Andrews, charging him with embezzling $50,000 of the bank's funds.

4. September 30, 1887 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, September 30, 1887

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Article Text

TELEGRAPHIC BREVITIES. Cardinal Gibbons is the guest of Bishop Ireland, at St. Paul. John Swinton declines the Socialists' nomination for Secretary of State of New York, on the ground of ill-health and the necessity of mending his shattered fortunes. F. M. Severance, cashier of the defunct Farmers' Back of Fayetteville, N. Y., has been arrested on complaint of Receiver Andrews, charged with embezzling $50,000 of the bank's funds. The last spike was yesterday driven in the Denver connection of the Sante Fe road, giving that road an independent line from Pueblo to Denver in connection with its transcontinental system. George Baxter, discharged from prison at Thomastown, Me., where he had served three years for pocket-picking, was arrested at once to be taken to Michigan to answer to a charge of murder. News via Little Rock announces a fatal shooting affray near Oklahoma, between two cowboys named Adam Russell and John Clark. They quarreled about some trifling matter, drew their revolvers and kept up the fusillade until both were fatally wounded. By the falling of a derrick at the brewery of W. J. Lemp. at the corner of Cherokee and Thirteenth streets, St. Louis, yesterday, Daniel Ohmers was killed, Ferdinand Neuman fatally wounded. and four other workmen seriously injured. The men fell sixty-five feet.

5. September 30, 1887 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, September 30, 1887

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Article Text

Arrested for Alleged Embezzlement. (By telegraph to the Dispatch.] SYRACUSE, N. Y., September 29.-F. M. Severand, cashier of the defunct Farmers Bank of Fayetteville, has been arrested on complaint of Receiver Andrews and Expert-Accountant Myers, charging him with embezzling $50,000 of the bank's funds.

6. September 30, 1887 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, September 30, 1887

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Article Text

For Embezzling. SYRACUSE, N. Y.. September 29.-F. M. Severence, cashier of the defunct Farmers' Bank, of Fayetteville, has been arrested on the complaint of Receiver Andrews, cbarging him with embezzling $50,000 of the bank's funds.

7. October 1, 1887 Butte Semi-Weekly Miner Butte, MT
Article from Butte Semi-Weekly Miner, October 1, 1887

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Article Text

STAY OF PROCEEDINGS. ALBANY, September 29.-Jndge Ruger, of the Court of Appeals, to-night signed the order granting a stay of proceedings until October 6th in the matter of carrying out the senteuce of imprisonment against Jacob Sharp. Won't Join the Colony. SYRACUSE, N. Y., September 29.-F. M. Severance cashier of the defunct Farmers' Bank of Fayetteville, has been arrested on complaint of Receiver Andrews charging him with embezzling $50,000 of the bank's funds. -

8. October 1, 1887 Seattle Daily Post-Intelligencer Seattle, WA
Article from Seattle Daily Post-Intelligencer, October 1, 1887

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Article Text

Cashier Arrested. STRACUSE, Sept. 29.-F. M. Severance, cashier of the defanct Farmer's Bank of Fayetteville, has been arrested on a complaint of Receiver Andrews, charging him with embessling $50,000 of the bank's funds.

9. October 6, 1887 Reporter and Farmer Webster, SD
Article from Reporter and Farmer, October 6, 1887

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Article Text

Secretary Lamar has denied the application of E. F. Drake and A. H. Wilder, acting as trustees for certain holders of bonds secured by mortgage of the lands granted to the State of Iowa to aid in the construction of the Sioux City & St. Paul railroad, made against the order of July 26, 1887, throwing 26,016 acres open to settlement. These are the lands in O'Brien and other counties of Iowa which, having once been patented to the state and unearned by the road, where by direction of the legislature certified by the governor back to the government, accepted by it and thrown open as above stated. The protestants based their protests and requests for revocation upon the theory that the action of the government was in effect a forfeiture, which is a light resting, not with the department but with congress, which made the grant. The sécretary holds that these lands had been granted as indemnity, and 08 the road in question had no reason for indemnity lands that have no basis for their claim. The State of Iowa recognized that the lands had been inadvertently patented toit, and returned to them. They had been conveyed to it without any authority under the granting act, and having been conveyed, the department could do nothing but throw them open to settlement. The lands not being granted lands, this act did not constitute a forfeiture. They were merely placed in the hands of the government as lands that had been erroneously* conveyed by it, and were therefore clearly public lands. After being open thirty-four years, Harry Hill's famous resort on Houston street, N. Y. was closed, because Hill could not get a license. Cardinal Gibbons arrived in St. Paul as the guest of Bishop Ireland. An elaborate reception and banquet was given in his honor at the Hotel Ryan. F. M. Severance, cashier of the defunct Farmers' Bank of Fayetteville, N. Y., has been arrested on complaint of Receiver Andrews, charging him with embezzling $50,000 of the bank's funds.

10. October 19, 1887 Watertown Republican Watertown, WI
Article from Watertown Republican, October 19, 1887

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Article Text

Crimes. A gang of counterfeiters that has been operating extensively for some time past in the vicinity of Mitchell, Ind., was run down by federal marshals and taken to Indianapolis, Ind. At St. Joseph, Mo., John Hughes, 17 vears old, stabbed his father, Peter Hughes, to death. At Fayetteville, N. Y., F. M. Severance, cashier of the bursted Farmers' Bank, was arrested for embezzling $50,000 of its funds.

11. November 5, 1887 The Magnolia Gazette Magnolia, MS
Article from The Magnolia Gazette, November 5, 1887

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Article Text

T. M. Severence, cashier of the defunct Farmers' Bank of Fayetteville, N. Y. has been arrested on the complaint of Receiver Andrews charging him with Oas bezzling $50,000, of the bank's funds.