13395. National Bank (Fayetteville, NY)

Bank Information

Episode Type
Run โ†’ Suspension โ†’ Unsure
Bank Type
national
Bank ID
1110
Charter Number
1110
Start Date
October 1, 1894
Location
Fayetteville, New York (43.030, -76.004)

Metadata

Model
gpt-5-mini
Short Digest
b9e26ee65e5fbb93

Response Measures

Full suspension, Books examined

Description

Multiple contemporaneous articles (Oct 1โ€“4, 1894) report a run on the National/First National Bank of Fayetteville that led the bank to fail to open/close its doors pending examination. Reports also intimate a shortage in the cashier's accounts. No article in the set explicitly states a reopening or assignment of a receiver, so the final outcome is uncertain.

Events (4)

1. May 3, 1865 Chartered
Source
historical_nic
2. October 1, 1894 Run
Cause
Bank Specific Adverse Info
Cause Details
Newspapers state officers reported a run as cause of closing; contemporaneous reports intimate a shortage in the cashier's accounts, indicating bank-specific adverse information prompted withdrawals.
Measures
Bank closed its doors / failed to open pending examination by bank examiner; officers cite run.
Newspaper Excerpt
The officers report a run to be the sause of closing.
Source
newspapers
3. October 1, 1894 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Articles state the suspension/failure to open was intimated to be caused by a shortage in the cashier's accounts; bank examiner ordered/pending examination by Comptroller/Bank Examiner Josiah/ Joslah Van Valkren/Van Vrauken (OCR variants).
Newspaper Excerpt
The National Bank of Fayetteville (N. Y.) failed to open its doors for business this morning.
Source
newspapers
4. November 26, 1894 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (9)

Article from The Evening World, October 1, 1894

Click image to open full size in new tab

Article Text

A National Bank Closed. (By Associated Press.) SYRACUSE, Oct. 1.-The First National Bank of Fayetteville closed its doors this morning, pending an examination by Bank Examiner Joslah Van Valkren. The officers report a run to be the sause of closing. The last report filed at Washington showed the bank to be in good condition. and It is believed that depositors will lose nothing.


Article from The Evening World, October 1, 1894

Click image to open full size in new tab

Article Text

National Bank Closed. A (By Associated Press.) SYRACUSE Oct. 1.-The First National Bank of Fayetteville closed its doors this morning pending an examination by Bank Examiner Josiah Van Valkren. The officers report a run to be the sause of closing. The last report filed at Washington showed the bank to be in good condition and it is believed that depositors will lose nothing.


Article from Richmond Dispatch, October 2, 1894

Click image to open full size in new tab

Article Text

Bank Fails to Open. WASHINGTON, October 1.-The National Bank of Fayetteville (N. Y.) failed to open its doors for business this morning. The bank had a capital of $50,000, a surplus-fund of $8,600, owed depositors $36,000, and had outstanding loans and discounts to the amount of $66,000. It is intimated that the bank's suspension was caused by a shortage in the cashier's accounts.


Article from The Morning News, October 2, 1894

Click image to open full size in new tab

Article Text

FAYETTEVILLE BANK FAILS. A Shortage in the Cashier's Accounts Said to Be the Cause. Washington, Oct. 1.-The National Bank of Fayetteville, N. Y., failed to open its doors for business this morning. The bank had a capital of $50,000, a surplus fund of $8,600, owed depositors $36,000, and had outstanding loans and discounts to the amount of $66,000. It is intimated that the bank's suspension was caused by a shortage in the cashier's accounts.


Article from Freeland Tribune, October 4, 1894

Click image to open full size in new tab

Article Text

Accounts Short, Bank Closed. Washington, Oct. 2. - Comptroller Eckels has been informed that the National bank of Fayetteville, N. Y., failed to open its doors for business. The bank had a capital of $50,000 and owed depositors $36,600. It is intimated that the bank's suspension was caused by shortage in the cashier's accounts.


Article from Lawrence Democrat, October 5, 1894

Click image to open full size in new tab

Article Text

THE EAST. Announcement was made on the 28th ult. by General Secretary Baer, of the United Society of Christian Endeavor, that the international convention of 1895 would be held in Boston instead of San Francisco. This change was made on accountof the long delay of western railroad managers in announcing a decision in regard to special rates to the Pacific coast. Four masked robbers broke into the boarding house of Evan Kavan at Miner's on Mills, Pa., the night of the the 27th ult. Kavan was aroused by noise, and jumped out of the bed to defend his home, whereupon he was shot dead. The murderers escaped. Near Norwich N. Y., on the 30th ult. Jeduthan Newton, a well-to-do farmer, and Mrs. Edward Southern, a domestic in his family, were struck and killed by an express train at a grade crossing on the Delaware, Lackawanna & Western road. The Baltimore club won the championship pennant of the National League in the base ball season which closed on the 30th ult. The other League clubs followed in this order: New York, Boston, Philadelphia, Brooklyn,Cleveland.Pittsburg,Chicag St. Louis, Cincinnati, Washington and Louisville. A deal has been closed by which the South Buffalo (N. Y.) Natural Gas Company has been absorbed by the United Pipe Line Company. The price paid for the fourteen wells. twenty miles of pipe, lease of 20,000 acres of land and the franchise to pipe Buffalo was $200,000. The Lackawanna Iron and Steel Company at Scranton, Pa., on the 1st shut down its steel mill for an indefinite time because of no further orders, throwing idle 1.000 employes. This makes a complete closing of all the steel works in that place and the idleness of over 3,000 men. Thomas W. Hedley, leader of the National band, fell out of his carriage near Providence, R. I., on the 30th ult. and was instantly killed, his neck being broken by the fall. Birdseye Blakeman, of the New York firm of Ivison, Blakeman & Taylor, book publisuers, died at his summer residence in Stockbridge, Mass., on the 30th ult. Municipal elections were held throughout the state of Connecticut on the 1st, resulting in heavy republican gains. At Homestead, Pa., on the 1st, Joseph Tritt, a machinist employed by the Carnegie Steel Company, was fatally injured while changing rolls in the 40inch mill. His hands were caught between the rolls and before they could be stopped Tritt was drawn through to his s neck. His arms and shoulders were y slowly crushed flat. e At Brookville, Pa., on the 1st the I congressional deadlock in the Twenty first Pennsylvania district was broken by the renomination of G. B. Heiner, of Kittanning, on the 235th ballot. r When the steamer Berlin arrived at New York City on the 1st, one of the g passengers thereon, Julius Rosendahl, of Munich, Germany, was arrested, 1 charged with embezzling 40,000 marks d belonging to Rudolph Schroder, of Munich. t. Fire on the 1st destroyed the Mirror d Lake house, on Lake Placid, N. Y. 5, Loss, $150,000; insurance, $75,000. is The National Bank of Fayetteville, N. Y., failed to open its doors for business on the 1st. The bank had a capiin tal of $50,000, owed depositors $36,000 s: and had outstanding $66,000. It is said e that the bank's suspension was caused to by shortage in the cashier's accounts. On being released from the peniten2 tiary at Buffalo, N. Y., on the 1st, Wil54 liam Farrow received a bequest of $18, e 000 in cash and $14,000 in real estate, left to him by an aunt in Chicago. ft


Article from The Windham County Reformer, October 5, 1894

Click image to open full size in new tab

Article Text

a factory duct olutionary of purposes. The prisoners were sur prised Saturday evening by a detachment of the fourth guards, who came upon them with fixed bayonets. Fifteen thousand people marched through the streets of Vienna on Sunday demanding universal suffrage. Ten arrests were made. NEW WORLD. Cocaine Caused Death. While Miss Belle White was taking electrical treatment at Chicago Sunday for the removal of blemishes on the face, she fell in the operating chair and died. Death was caused, it is supposed, by the use of cocaine to deaden the pain. The proprietors of the establishment were ar rested. Hypnotism in Court-A Murder Case to be Defended on French Lines. When the wife of Dr Henry CF Meyer is tried at New York on the charge of being Implicated in the series of murders for which her husband is now serving a life sentence, some very"unusual and interesting testimony is likely to be produced. Meyer studied hypnotism in Chicago, and the theory is that he took his al leged wife there that he might practice on her his power of control. It is understood that Messrs Brooke and Sullivan, who will represent her, assert that whatever she might have done to suggest that she was co-conspirator against the life of Baum was due to the hy pnotic influence of her husband, Dr O'Sullivan is making a study of hypnotism for the purpose of making a defense on that ground. Expert testimony will necessarily be produced, and more than likely practical tests of hypnotism will be produced during the proceedings. Old Offender Unearthed. Capt Henry W Howgate, a fugitive from Washington, DC, since the winter of 1881, was arrested at New York Friday on charges of embezzlement and forgeries aggregating $370,000. He was formerly chief and also district officer of the weather bureau. There are no less than seven indictments hanging over Howgate, each containing a number of counts. While awaiting He trial he asked permission to visit his house. was permitted to go in the custody of deputy. He went to the bath room alone and escaped. He was known lo have left Washington with a young woman not his wife. When he fled from Washington he was black haired, active and en ergetic; now he is bent and broken, with gray hair and beard. He is 60 years old. Though the officers have been hunting all over the country for Howgate, he has been living quietly in New York, fora number of years dealing in second. hand books in the basement of 80 Fourth ave. nue, under the name of Harry Williams. Before Commissioner Alexander, Howgate admitted his identity and was held in $20,000 bonds. Shot Dead by Her Brother A ghastly murder was perpetrated on Belmont street, Worcester Mass, Saturday fternoon. William G Carr, 41 years old, employed at the Washburn & Moen manufacturing company works, shot and killed his sister, Mrs Ellen Lucier, 44, wife of William D Lucier. a cousin of the Lucier family of musicians, and also employed by the Washburn & Moen company as assistant foreman. There had been trouble over the will of their mother, who had left the son but $1 in her will. Carr, it is said, became angry when he learned he :was to receive such a very small sum. He had been drinking of late and the thought of being slighted in the will preyed 32. his mind. He fired at his sister from on caliber revolver. He was standing but a few feet away and the bullet entered the woman's head on the right side and passed completely side. through her skull, emerging on the other Mrs Halliday Reformed. MrsHalliday who while insane murderedSarah Mc. McQuillan and daughter, Margaret J Quillan, and her own husband, Paul Halliday, last fall, near Middletown, is model prisoner at the Insane hospital at Matteawan, NY. Dr Allison, superintendent of the hospital, one of the medical experts who testified to her insanity at the trial, knew that the mutterings. incoher- conduct ence, and general viciousness of her mania not characteristics of the type of he were which the prisoner was suffering, and from kind of quickly gave her to understand that the would treatment she received in the hospital depend entirely upon her own conduct. There Hal was at once a marked improvement in Mrs liday's mental condition. She became quiet, tractable and decent and cleanly in speech and habits, and has continued so up to the present the time. She is made useful and helpful in work of the hospital and is by all odds the best scrubwoman about the place, being careful and painstaking and quite an artist with brush and pail A Panama dispatch says: "News has been re ccived from Costa Rica of an anarchist attempt the to assassinate President Inglesais. During Mimilitary review in San Jose an anarchist, canor Araya, fired five shots at the president. Inglesais es aped on horseback. Araya was ar. rested and would have been killed by the police if the crowd had not interfered. Now that the civic federation has won the an. ti-gambling crusade in Chicago, Hammond, Ind, has become a mecca for gamblers. Within a radius of 500 yards no fewer than seven gambling houses have been established within three days, and the city is filled with "sporting" men. The existence of gambling in the city, is said, is not due to insufficient legislation, but to the lax enforcement of the law. Nearly all of the village of Jonesville, 18 miles west of Williamstown, Ky, was wiped out by fire Sunday night. The Mirror Lake house at Lake Placid, N Y, was totally destroyed by fire at midnight Sunday. strong wind was blowing and nothing was saved. The loss is upward of $150,000, and is only partly covered by insurance through Burlington agencies. The cause of the fire is unknown. Peace has been restored in Hayti. Excessive rains In Cuba have inundated the towns of Sagna, Crences, Lajas, Sitiesito and San Domingo and surrounding county At Sagne the water is from 40 to 45 feet deep, and 3000 families are homeless and the inhabitants have sought salvation on the roof of the two-story buildings, which alone are not under water. The loss of life is estimated at 200, while the damage to property will reach $4,000,000. The National bank of Fayetteville, NY, failed to open its doors Monday morning. The bank had capital of $50,000 surplus of $8600, owed depositors $86,000 and had outstanding loans to the amount of $60,000. It is intimated that the suspension was caused by a shortage in the cashier's accounts. RL Pease and Ulysses Aaram met at the Cheerydale church at Canton, Ga, Friday and quarreled as to ho should escort a girl home. both had pistols and they began thring simultan eously Pease received three bullets and Aaram two. Both were fatally wounded. A waterspout near Valencia, Venez, last Friday killed more than 150 persons and caused a loss in crops of $450,000. Heavy rains continue. Many houses and bridges have been carried away nother effort is to be made to raise the Hus. sar, the British vessel which came over here in 1780 with $4,000,000 in gold on board to pay off the British soldiers, and which was sunk in Hell Gate in New York harbor. Several attempts have been made to raise the sunken treasure, n but all have thus far failed. A new process is now to be tried. The searching vessel will be anchored securely and will pump all the loose sediment and decay matter in the bottom of ti the harbor, allowing it to run through selves. An area will be covered large enough to make it sure that the remains of the Hussar have been pumped up, and if no gold is secured the proM moters of the enterprise will decide that the officers of the vessel ente ed into plot to sink her is and make way with the treasure committed to their care. R The largest gang of moonshiners that ever left a the Big Sandy valley passed through Ashland, n Ky, Monday on the way to Louisvill where a they will be given early hearings in the United States court. There were 106 offenders, ranging to in age from 25 to 50. In the past six months Greer and his deputies have destroyed 37 separate stills and thousands of gallons of "moonshine." Prof David Swing is critically III from acute jaundice at his home in Chicago. k Martin Irons, the strike leader of 1876, was an P rested Sunday night by the Fort Worth, Texas, police on charge of attempted assault on a seven year-old girl. 2 A H Colden of Newburg, NY, was struck by


Article from Wood County Reporter, October 11, 1894

Click image to open full size in new tab

Article Text

TELEGRAMS IN BRIEF. DOMESTIC. Conan Doyle, the novelist, is in New York. The first day's receipts of taxes in New York city amounted to $5,387,000. Philip C. Reilley, consular agent of the United Staes at Bocas Del Toro, Colombia, is dead. The First National bank of Fayetteville, N. Y., closed its doors pending an examination. Detectives, disguised as crooks, arrested two bandits who had planned to hold up a Rock Island train. The textile workers of Pawtucket, R. 1.. have struck against a reduction of wages. South Carolina republicans will not nominate a state ticket, but will nominate congressmen. The miners at the Oliver and Lone Yack mine at Duluth. Minn., have struck for higher wages. Martin Irons, leader in the railroad strike of 1886, is in jail at Fort Worth, Tex., for assaulting a 7-year-old girl. Railroad Commissioner Hampton says government ownership of railroads is impracticable. The Store Furniture company, Oshkosh. Wis., has assigned. Liabilities, $35,000; assets, $50,000. Charles W. Horr. a prominent business man and politician of Ohio, died at his home in Wellington. Mrs. Smith Norton, a cousin of Miss Frances Willard, and an able writer, died at her home in Beloit. Commander Davis, of the war ship Montgomery, may be relieved for discourtesy to the mayor of Boston. Mr. Von Hengelmuller, the new Austrian minister. will succeed Chevalier de Tavara early in November. Democratic leaders in Obio have declared the silver question to be the principal issue in the state campaign. William Pugh, of Ohio, has been appointed superintendent of income tax collections by Secretary Carlisle. Damage suits for $40,000 have been commenced against Rev. W. G. Clarke by men indicted for gambling. Miss Melenda Brewer was thrown from a pony at Medoryville, Ind., and killed. Mrs. Sidney Bowles, of Ashland, Ohio, was fatally burned by an explosion of carbolic-acid and turpentine. Dr. F. H. Johnson, of Pittsfield, IM., accused of criminal assault has been dismissed for want of evidence. Trotting queen Alix, 2:03 3-4 and trotting king Directum, 2:05 1-4, have been matched to race for $2,500 a side. Solly Smith and Frank Erne fought terrific ten-round battle ending in a draw, at Buffalo, N. Y. Prairie fires devastated a large tract of land in the Black Brook country, near Grantsburg, Wis. William S. Smith, a pioneer of the Mississippi valley, died at his home in Alton. III., aged 87 years. Martin Irons, once a famous labor leader, is in jail at Fort Worth, Texas, charged with assaulting a little girl. Near Pawnee, Neb., a cyclone killed 9-year-old girl and seriously injured five other members of the family. Greed and seifishness displayed by ,Visconsin fire sufferers is causing much dissatisfaction.


Article from The Farmers' Union, October 11, 1894

Click image to open full size in new tab

Article Text

FINANCIAL AND INDUSTRIAL -Bank Examiner Van Vrauken has closed the First National at Favetteville. N. Y., after an investigation into its affairs The officers are censured for carrying credit slips ins'ead of currency and for having loaned considerable sums to officers of the bank without security. -The Union Glass Company, at Anderson, Ind., has put its ten-pot house into full operation. furnishing employment to 200 men. -The Boston and Albany bezan Monday to run its shops on full time. eight hours a day for six days in a week. They have been running only three days a eek. -Duties paid in at the Baltimore Custom House on tinplnte Monday amounted to $54,000. the largest sum ever paid. --Monday was Labor Day in California. and business was generally suspended, though the day was not observed by the laboria: classes for the reason that they have no sympathy with the movement that caused the date to be changed from September to October -The Gloucoster. N. J., gingham mills resumed operations after a shut-down of about two months. The mills will give employment to ab out 500 men. -Directors of the whisky trust have decided to abolish the rebate system against which dealers have combined. -The printers, machine operators, stereot/pers, and proofreaders of the St. Paul. Minn. Evening Dispatch were called out by the allied craits In half an hour the machines were manned by men from the business office and reporters' room, and a small pa er was Issued about nightfall. The Typozraphical Union claims some of the Dispatch men have been. contrary to union rules, working also on the Morning Call.