15063. Delaware National Bank (Delhi, NY)

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 1323
Charter Number: 1323
Start Date: June 1, 1898*
Location: Delhi, New York (42.278, -74.916)

Metadata

Model: gpt-5-mini
Short Digest: d5292919

Response Measures

None

Description

Contemporary articles report the Delaware National Bank of Delhi, N.Y. closed its doors (June 1898) due to excessive loans and later (Nov 4, 1898) the Comptroller appointed a temporary receiver. No newspaper account mentions a depositor run; failure is attributed to bad/excessive loans (bank-specific).

Events (3)

1. June 22, 1865 Chartered

Source: historical_nic

2. June 1, 1898* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Closed its doors with liabilities of $275,000; excessive loans caused the failure.
Newspaper Excerpt: The Delaware national bank of Delhi, N. Y., closed its doors with liabilities of $275,000. Excessive loans caused the failure.
Source: newspapers

3. November 4, 1898 Receivership

Newspaper Excerpt: the Comptroller of the Currency has appointed ... Edward J. Graham for the Delaware National Bank of Delhi, N. Y.. (appointed temporary receiver).
Source: newspapers

Newspaper Articles (8)

1. June 15, 1898 The Ely Miner Ely, MN

Article from The Ely Miner, June 15, 1898

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DOMESTIC. At Cynthiana, Paris, Maysville and other towns in Kentucky severe shocks of earthquake cause a panic among the people. The entire plant, rolling mill and steel plant of the Burgess Steel and Iron company was destroyed by fire at Portsmouth, O., the loss being $400,000. Two daughters of John. Whitney, aged nine and eleven years, were instantly killed by lightning near Gainesville, Tex. The three little daughters of Charles Watt were burned to death at Pittsburgh, Pa., during the absence of their parents. John L. Bright, wholesale milliner at Columbus, O., failed for $150,000. The Arkell Publishing company, which published in New York Judge, Frank Leslie's Illustrated Weekly and other publications, went into the hands of a receiver with liabilities of $1,000,000. The bill for the removal of all political disabilities arising from the civil war is now a law, President McKinley having formally approved it. The celebration of the semicentennial anniversary of Wisconsin's admission into the union opened in Madison. The Delaware national bank of Delhi, N. Y., closed its doors with liabilities of $275,000. Excessive loans caused the failure. The business portion of Ittabena, Miss., was destroyed by fire. Ex-Judge Julius S. Grinnell died suddenly of heart failure in a bank in Chicago, aged 58 years. The captain-general of Manila reported to the Madrid government that his forces were inadequate to cope with Admiral Dewey and the insurgents. B. F. Williams and J. T. Pyle, two well-known and wealthy western cattlemen, were drowned in Wolfe creek near Perry, O. T., while attempting to cross the swollen stream. At the annual commencement exercises in Pittsburgh, Pa., of the Western university the degree of doctor of laws was conferred on Admiral Dewey. Andreas Malinak was hanged at Newark, N. J., for the murder on July 21, 1897, of Mrs. Annie Kmetz. Walter E. Goodwin, who on September 3 last murdered his young wife at Mansfield, Pa., was hanged in the county jail at Wellsboro. The laying of the new cable between Port Townsend, Wash., and Victoria, B. C., has been completed.

2. June 16, 1898 Audubon Republican Audubon, IA

Article from Audubon Republican, June 16, 1898

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Article Text

or DOMESTIC. Joe Anderson, the elephant keeper with Wallace Bros.' circus, was killed at Racine, Wis., by one of the elephants that became unruly. The plant of the Webster Manufacturing company at West Superior, Wis., was burned, the loss being $200,000. Business throughout the country was reported to be in good condition. The visible supply of grain in the United States on the 6th was: Wheat, 22,587,000 bushels; corn, 21,169,000 bushels; oats, 7,869,000 bushels; rye, 1,282,000 bushels; barley, 583,000 bushels. Curtis and Samuel Young (colored) were hanged by a mob at Clarksville, Mo., for killing City Marshal Meloan during a fight. A new and dangerous counterfeit half dollar has made its appearance in Oakland, Cal. Ed Curtis and James Welch were poisoned near Boscobel, Wiz.. by eating hemlock and died in a few minutes. They were prominent farmers. At Cynthiana, Paris, Maysville and other towns in Kentucky severe shocks of earthquake cause a panic among the people. The village of Crown Point, O., was nearly wiped out by fire. J. W. Etting killed his wife at Hot Springs, Ark., and then committed suicide. Domestic trouble was the cause. The entire plant, rolling mill and steel plant of the Burgess Steel and Iron company was destroyed by fire at Portsmouth, O., the loss being $400,000. Two daughters of John Whitney, aged nine and eleven years, were instantly killed by lightning near Gainesville, Tex. The three little daughters of Charles Watt were burned to death at Pittsburgh, Pa., during the absence of their parents. I I John L. Bright, wholesale milliner at Columbus, O., failed for $150,000. e The Arkell Publishing company, which published in New York Judge, . Frank Leslie's Illustrated Weekly and e other publications, went into the hands of a receiver with liabilities of $1,000,000. r s The bill for the removal of all political disabilities arising from the civil war is now a law, President McKinley 30 1 having formally approved it. The celebration of the semicentennial n anniversary of Wisconsin's admission into the union opened in Madison. v The Delaware national bank of Delhi, N. Y., closed its doors with liabilities of $275,000. Excessive loans caused the failure. e y The business portion of Ittabena, e Miss., was destroyed by fire. Ex-Judge Julius S. Grinnell died sudd denly of heart failure in a bank in Chin cago, aged 58 years. The captain-general of Manila reports ed to the Madrid government that his g forces were inadequate to cope with Admiral Dewey and the insurgents. m B. F. Williams and J. T. Pyle, two it well-known and wealthy western cat Ktlemen, were drowned in Wolfe creek 00 near Perry, O. T., while attempting to cross the swollen stream. as At the annual commencement exery+ cises in Pittsburgh, Pa., of the Western university the degree of doctor of laws sh was conferred on Admiral Dewey. 1 Andreas Malinak was hanged at New park, N. J., for the murder on July 21 1897, of Mrs. Annie Kmetz. al Walter E. Goodwin, who on Septem tiber 3 last murdered his young wife a go Mansfield, Pa., was hanged in the coung ty jail at Wellsboro. id The laying of the new cable between ofPort Townsend, Wash., and Victoria, B 34 C., has been completed. PERSONAL AND POLITICAL

3. June 18, 1898 The L'anse Sentinel L'anse, MI

Article from The L'anse Sentinel, June 18, 1898

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Article Text

DOMESTIC. Joe Anderson. the elephant keeper with Wallace Bros.' circus. was killed at Racine, Wis., by one of the elephants that became unruly. The plant of the Webster Manufacturing company at West Superior, Wis., was burned, the loss being $200,000. Business throughout the country was reported to be in good condition. The visible supply of grain in the United States on the 6th was: Wheat, 22,587,000 bushels; corn, 21,169,000 bushels; oats, 7,869,000 bushels; rye, 1,282,000 bushels; barley, 583,000 bushels. Curtis and Samuel Young (colored) were hanged by a mob at Clarksville, Mo., for killing City Marshal Meloan during a fight. A new and dangerous counterfeit half dollar has made its appearance in Oakland, Cal. Ed Curtis and James Welch were poisoned near Boscobel, Wiz.. by eating hemlock and died in a few minutes. They were prominent farmers. At Cynthiana, Paris, Maysville and other towns in Kentucky severe shocks of earthquake cause a panic among the people. The village of Crown Point, O., was nearly wiped out by fire. J. W. Etting killed his wife at Hot Springs, Ark., and then committed suicide. Domestic trouble was the cause. The entire plant, rolling mill and steel plant of the Burgess Steel and Iron company was destroyed by fire at Portsmouth, O., the loss being $400,000. Two daughters of John Whitney, aged nine and eleven years, were instantly killed by lightning near Gainesville, Tex. The three little daughters of Charles Watt were burned to death at Pittsburgh, Pa., during the absence of their parents. John L. Bright, wholesale milliner at Columbus, O., failed for $150,000. The Arkell Publishing company, which published in New York Judge, Frank Leslie's Illustrated Weekly and other publications, went into the hands of a receiver with liabilities of $1,000,000. The bill for the removal of all political disabilities arising from the civil war is now a law, President McKinley having formally approved it. The celebration of the semicentennial anniversary of Wisconsin's admission into the union opened in Madison. The Delaware national bank of Delhi, N. Y., closed its doors with liabilities of $275,000. Excessive loans caused the failure. The business portion of Ittabena, Miss., was destroyed by fire. Ex-Judge Julius S. Grinnell died suddenly of heart failure in a bank in Chicago, aged 58 years. The captain-general of Manila reported to the Madrid government that his forces were inadequate to cope with Admiral Dewey and the insurgents. B. F. Williams and J. T. Pyle, two well-known and wealthy western cattlemen, were drowned in Wolfe creek near Perry, O. T., while attempting to cross the swollen stream. At the annual commencement exercises in Pittsburgh, Pa., of the Western university the degree of doctor of laws was conferred on Admiral Dewey. Andreas Malinak was changed at Newark. N. J., for the murder on July 21, 1897, of Mrs. Annie Kmetz. Walter E. Goodwin, who on September 3 last murdered his young wife at Mansfield. Pa., was hanged in the county jail at Wellsboro. The laying of the new cable between Port Townsend, Wash.. and Victoria, B. C., has been completed.

4. November 5, 1898 The Sun New York, NY

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TEMPORARY RECEIVERS NAMED. Actions to Prevent Executions Against the Assets of Closed National Banks. WASHINGTON. Nov. 4.-Owing to the decision of Judge Lacombe of New York. that an execution can be levied against the assets of a national bank in the hands of the Comptroller of the Currency at any time prior to his formal appointment of a receiver. and to prevent further attachments upon the funds of the banks which have been closed by the examiners. the Comptroller of the Currency has appointed as temporary receivers the following examiners: William H. Kimball for the Tradesmen's National Bank of the city of New York. Hugh Young for the German National Bank of Pittsburg. Josiah Van Vranken for the First National Bank of Carthage. N. Y.: Edward J. Graham for the Delaware National Bank of Delhi, N. Y.. and Howard J. Whitmore for the First National Bank of Neligh. Neb. This act on the part of the Comptroller will not interfere in any way with the efforts of the officers of these institutions to put the banks into condition for voluntary liquidation, and the Comptroller announced that he will not consent to the voluntary liquidation of these institutions. and will discharge the receivers when assured of the ability of the banks to meet their obligations in full. Comptroller Dawes to-day received Judge Lacombe's opinion in attachment proceedings against the Tradesman's National Bank of New York. The Comptroller. in discussing the decision to-night. said he did not want to stand in the attitude of questioning Judge Lacombe's construction of the statute. but he will have the case carried to the Supreme Court. if necessary. in order to secure a construction of the statute by that tribunal. If Judge Lacombe's decision is sustained legislation will be necessary in order that assets of failed banks may be preserved for benefit of creditors. The Comptroller pointed out the effect of the decision. He said: "If Judge Lacombe's decision is right. it will have a most important bearing on the administration of bank trusts. It will enable some persons who are better informed than others as to the affairs of banks to get out writs and serve them before I have had opportunity to appoint a receiver. thus placing themselves in the position of preferred creditors. As preferred creditors get full amounts of their claims. others must necessarily suffer. This may be done in large cities in some cases. in fact. in nearly all, before I have opportunity to appoint a receiver, or possibly before I even know of the suspension of the bank. A difference of two or three hours even will enable large creditors to attach the greater part of the assets and leave other creditors holding the bag. I hold that the assets of a bank are in my possession and that I stand in the position of trustee under the law from the time the bank's doors are closed to the settlement of its affairs. and that a receiver simply acts as my agent. Pending appeal and decision by the higher courts. I have protected creditors of failed banks now without receivers by appointing examiners in charge temporary receivers.

5. November 5, 1898 New-York Tribune New York, NY

Article from New-York Tribune, November 5, 1898

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Excel all others in Waltham Accuracy Durability Economy Watches The new Riverside movement is now ready in Gold, Silver, and Gun Metal cases Howard & Co Inspection 264 Fifth Avenue Invited New York ACTING ON JUDGE LACOMBE'S DECISION. BIG COMPANY IN SIGHT. CONTROLLER DAWES APPOINTS TEMPORARY REPURCHASE OF NASSAU RAILROAD ST CEIVERS FOR THE TRADESMEN'S AND THOUGHT TO PRESAGE AN IMOTHER NATIONAL BANKS MENSE COMBINATION. Washington, Nov. 4.-Owing to the decision of The reported sale of the controlling stoc Judge Lacombe, of New-York, that an execution the Nassau Railroad Company by R. T. W can be levied against the assets of a National bank to Edward H. Harriman is reported to be in the hands of the Controller of the Currency at first step in the direction of the consolidati any time prior to his formal appointment of a reBrooklyn and Manhattan surface railroad ceiver, and to the facts that suits are being prepanies, a combination that may also take in pared in New-York against the Tradesmen's National Bank and in Pittsburg against the German Kings County Electric Light Company. National Bank for the purpose of levying execution Roswell P. Flower and Anthony N. Brady and judgment, which would. if Judge Lacombe's said to be back of the Nassau stock purch decision is upheld, prefer certain creditors to the They are large holders of the securities of da.nage of other creditory unjustly. Controller Metropolitan Street Railway, of Manha Dawes to-day appointed the bank examiners at which is introducing electricity, and which Pittsburg and New-York temporary receivers of riman is thought to represent more than he the German National Bank and the Tradesmen's National Bank respectively. Brooklyn Rapid Transit. They also hold This action on the part of the Controller will not stock in the Kings County Electric Light interfere in any way with the fforts of the officers Power Company, which has recently abso of these institutions to put the banks into condition the Edison and other companies which the for voluntary liquidation, and the Controller anson controlled nounces that he will consent to the voluntary If a consolidation of such gigantic propor liquidation of these institutic and will discharge the receivers when assured of the ability of the as thus suggested should be formed, it W banks to meet their obligations in full. as promised of course, take in the other Brooklyn tr by the committees now making efforts to put the companies, the Coney Island and Broo banks into a condition justifying him in assenting to liquidation. Queens County and Suburban. There is a The Controller has also appointed John Van rumor to the effect that to handle all thes Vrankin temporary receiver of the First National terests a syndicate is to be formed with a Bank, of Carthage, N. Y. H. J. Whitmore, remendous capitalization. ceiver of the First National Bank of Neligh, Neb., If the Kings County Electric Light and P and E. J. Graham receiver of the Delaware National Bank, of Delhi, N. Y. Company is included in the project, it will b furnishing the

6. November 5, 1898 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, November 5, 1898

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Receivers for National Banks. WASHINGTON, Nov. 4.-Hon. Charles G. Dawes, the controller of the currency, has appointed John Van Vrankin temporary receiver of the First National Bank of Carthage, N. Y. This action was taken owing to the decision of Judge Lacombe, of New York, that an execution can be levied against the assets of a national bank in the hands of the controller of the currency at any time prior to his formal appointment of a receiver. The controller has also appointed H. J. Whitemore receiver of the First National Bank of Neligh, Neb., and E. J. Graham receiver of the Delaware National Bank, of Delhi, N. Y.

7. January 1, 1899 Marietta Daily Leader Marietta, OH

Article from Marietta Daily Leader, January 1, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 21-National, Paola, Kan., suspended. 1-First - national, Larimore, N. D., $71,754. Feb. -Bank of Southern Baltimore, $170,000. Mar. 6-Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25 Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7--Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13--Tioga national, of Oswego, N. Y., closed. 19 -First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000 closed; resumed on Nov. 15. 20-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., susspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30 Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.

8. January 13, 1899 Barton County Democrat Great Bend, KS

Article from Barton County Democrat, January 13, 1899

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HAPPENINGS OF 1898. A Chronological Array of the Most Prominent Events. STORY OF SPANISH-AMERICAN WAR. Brief Mention of Financial Failures, Startling Oatastrophes and Crimes-Necrology of Year - Politics and Sport. / BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. 31-First - national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16 Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul.20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended). -Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabilities, $7,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 10-First national, of Emporia, Kan., closed. President suicides an hour later. 2S-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. S-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.