Article Text
Bank Ordered Closed. Washington, Nov. 5.-The comptroller of currency has ordered the First Nation al bank at Flushing, Ohio, closed. Bank Examiner Delay has been appointed temporary receiver. Dry rot is said to have caused the failure.
15120. First National Bank (Flushing, OH)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 3177
- Charter Number
- 3177
- Start Date
- November 5, 1898
- Location
- Flushing, Ohio (40.150, -81.066)
Metadata
- Model
- gpt-5-mini
- Short Digest
b98df413cb9e28bf
Response Measures
None
Receivership Details
- Depositor recovery rate
- 100.0%
- Date receivership started
- 1898-11-05
- Date receivership terminated
- 1901-06-15
- OCC cause of failure
- Losses
- Share of assets assessed as good
- 40.7%
- Share of assets assessed as doubtful
- 21.5%
- Share of assets assessed as worthless
- 37.8%
Description
Multiple contemporary newspapers (Nov 5–17, 1898) report the Comptroller of the Currency ordered the First National Bank of Flushing, Belmont County, Ohio, closed and Bank Examiner J. W. DeLay (also printed Delay/Delap) appointed temporary receiver. Causes given include 'dry rot' and poor investments; the bank posted notices it would receive no more deposits and go into liquidation. I corrected minor OCR variants of the examiner's name.
Events (4)
1.
May 5, 1884
Chartered
- Source
- historical_nic
2.
November 5, 1898
Receivership
- Source
- historical_nic
3.
November 5, 1898
Receivership
- Newspaper Excerpt
- Bank Examiner J. W. De Lay has been appointed temporary receiver. The First National bank posted notices today that it would receive no more deposits, as it had decided to go into liquidation.
- Source
- newspapers
4.
November 5, 1898
Suspension
- Cause
- Government Action
- Cause Details
- Comptroller of the Currency ordered the bank closed after it was found weak; contemporary reports cite 'dry rot' and poor investments precipitating failure and the bank decided to go into liquidation.
- Newspaper Excerpt
- The comptroller of the currency has ordered the First National bank at Flushing, Ohio, closed. Bank Examiner Delay has been appointed temporary receiver.
- Source
- newspapers
Newspaper Articles (16)
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Banks Have Dry Rot as Well as Sheep. Flushing, O., Nov. -The comptroller of the currency has ordered the First National bank of Flushing, Ohio, closed, and bank examiner Daley has been appointed temporary receiver. Dry rot is assingned as the caused of failure. The First National bank posted notices today that it would receive no more deposits, as it had decided to go into liquidation. The bank has been weak for some time.
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DRY ROT Given as the Cause for a Bank Failure at Flushing, Ohio. Washington, November 5.-The comptroller of the currency has ordered the First National Bank of FlushIng, Ohio. to close its doors. Bank Examiner J. W. De Lay has been appointed temporary receiver. Dry rot is said to have caused the failure. Flushing, Ohio, November 5.-The First National Bank of this place posted notices to-day that it would receive DO more deposits, as it had been decided to quit business and go into liquidation. It is understood that the bank has been weak for some time.
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Closed Its Doors WASHINGTON, Nov. 5.-The Comptroller of the Currency has ordered the First National Bank of Flushing Ohio, to close its doors. Bank Examiner J. W. Delay has been appointed temporary receiver.
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CHARGED TO DRY ROT. Flushing, O., National Bank Ordered to Close Its Doors Washington, Nov. -The comptroller of the currency has ordered the First National bank of Flushing, O., to close its doors. Bank Examiner J. W. Delay has been appointed temporary receiver. Dry rot is said to have caused the failure.
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THE First National bank of Flushing, Beimont county, Ohio, suspended business Saturday and went into the hands of the comptroller of the currency. Poor investments are said to have precipitated the failure.
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NEWS TOLD IN PARAGRAPHS. Minor Happenings of the Past Week, EVENTS OF LAST SEVEN DAYS. Political, Religious, Social and Criminal Doings of the Whole World Carefully Condensed for Our Readers The Aceident Record Buffalo-Jay Staley of Grand Island and Charles Burke of Buffalo lost their lives in the Niagara river by their boat swamping. Lexington, Ky.-Private William Kane, company E. Third Kentucky, whose home is at Carlisle, Ky., shot and killed a woman named Maud McClure. San Francisco The transport City of Puebla sailed for Manila with the remaining Tennessee battalion, the last of the California heavy artillery, the Nevada troop of cavalry, and recruits for the Twenty-third infantry. Berlin-Dr. Von Rudhart, at one time minister for Bavaria at Berlin. died at Garmisch, Bavaria. He resigned his post in 1880 under sensational conditions, Prince Bismarek having insulted him at a parliamentary soiree at Bismarek's palace. Fairbury, III.-The Baptist church here celebrated the fortieth anniversary of its organization. Flushing. O.-The First National bank has suspended business and is in the hands of the comptroller of the currency. Washburn, Wis.-King G. Staples, a present member of the legislature, was sentenced by Judge Fish to eighteen months in the penitentiary for embezzlement. Omaha, Neb.-The east-bound Omaha & St. Louis train collided with a Union Pacific freight train east of this city and William Hower. Union Pacific fireman. was killed. Welborne, Fla.-Arthur Williams. colored, was lynched for the murder of Miss Eliva Ogden. Buck James and Monroe Leggitt. also colored, charged by Williams with having aided him, are in jail, but probably will be killed by the mob. New Orleans-Henry Reboul, discharged from the Sixth cavalry beause of physical disability on the day e Maine was blown up, committed suicide in a cemetery because of grief at inability to secure reinstatement and take part in the war. New York-Dr. Christopher C. Sharp, a physician well known in Cincinnati, Lexington, Ky., and Indianapolis, where he had lived. died of pneumonia aged 77 years. Constantinople-M. Zinovieff, the Russian ambassador to Turkey, has formally proposed the appointment of rice George of Greece as commissioner general of the European powers in Crete. New York-It has transpired that 193 of the enlisted men or the auxiliary cruiser Buffalo deserted after the orders were received at the navy yard directing the ship to sail for Manila with supplies, stores, and reinforcements for Admiral Dewey. New York-Otto Sieloff of Chicago has been matched to box twenty-five rounds on November 12 with Kid Carter of Brooklyn. Carter recently received a decision over "Black Griffo." Bradford, Vt.-Ex-Governor Roswell P. Farnham, while attempting to board a train at Pompanoosae station, fell from the platform. sustaining severe injuries. Pekin-Twenty American marines, with a gatling gun, have arrived here to act as guards at the United States legation. Kewanee, III. Cyrus H. S. Powers. a man of wealth and widely known in Henry county, died at his home here at the age of 78. He was prominent in masonic circles. Havana-Colonel Williams, the chief quartermaster here. who was attacked by yellow fever a day of two ago, is very sick. Captain Colbert, Colonel Williams' aid, and Orderly Stewart are also suffering from the disease. Milwaukee, Wis.-The police have been unable to obtain any clew to the Identity of the young woman who committed suicide at the Davidson hotel, Berlin-Influenza has become epidemic in this city. The first outbreak was in the Third regiment of the Berlin guard. From the barracks it has spread to the other regiments of the guard and throughout the city. Washington-A dispatch from General Brooke at San Juan announces the death of Sister Mary Larkin, contract nurse, of typhoid. Grantsburg, Wis.-William Hoffstead, editor of the Sentinei of this city, was in a runaway and was seriously injured. Washington.-A cablegram received at the navy department announced the arrival at Bahia Brazil, of the battleships Oregon and Iowa and the collier Celtic. Rockford, III.-Snyder & Warne, carriage manufacturers, have assigned. Assets and liabilities unknown. Lake Delavan, Mo.-James Robinson, formerly champion bareback rider of the world, who has been dangerously ill, is recovering. Cripple Creek. Colo.-The output of ore in the Cripple Creek district in October is valued at $1,488,130. the highest in the history of the camn
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National Bank Closed. Washington, Nov. 7.-The comptroller of the currency ordered the First national bank of Flushing, O., to close its doors. Bank Examiner J. E. De Lay has been appointed temporary receiver. Dry rot is said to have caused the failare.
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Otherwise. The University Press at Oxford has appliances for printing 150 different languages. Senator Redfield Proctor, in an address to the legislature at Montpelier, Vt., said that we should retain all of the Philippines if any. The St. Louis, Peoria & Northern Railway company has been reorganized as the St. Louis & Northern Short Line. Both branches of the Vermont legislature passed a joint resolution approving President McKinley's demands for the retention of the Philippines. The order for the discharge of Surgeon Huidekoper has been amended to take effect Nov. 15. so that he may testify before the investigating committee. Several persons who have arrived at Port Townsend, Wash., from Copper River, Alaska, say that there are rich deposits of copper there, and that the Indians keep its location a secret. The widow of the late Ceban genersl. Jose Maceo, was one of the applicants for rations at the American free distribution depots at Santiago. She had been on the verge of starvation for many weeks. New Zealand's house of representatives has passed the old age pension bill. Every person of the age of sixtyfive years and of good moral character. who has lived for twenty-five years in the colony, whose income does not exceed $120 a year is entitled to a pension of $90 per year The First National Bank of Flushing, Belmont county, Oho, has suspended business and is in the hands of the controller of the currency. J. W. Delay was appointed temporary receiver. The bank has been in bad shape for the past three years. Poor investments are said to have precipitated the failure. The bank is certain it will pay all claims in full. It was learned that Mrs. Russell Sage will contribute $300,000 for the building of a military sanitarium in Citronelle, a few miles from Mobile, Ala, on the Mobile & Ohio railroad. Gen. Joseph Wheeler, under instructions from the war department, has inspected the site, and it is understood, will report favorably upon it. Judge Hallett, in the United States Circuit court at Denver, Colo., ordered the sale on foreclosure proceedings of the Denver City Cable Railway company and the West End Street Railway company. The two companies have $4,500,000 of bonds outsanding. The business of the Globe National Bank of Chicago has been consolidated with that of the Continental National bank of that city.
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Otherwise. The University Press at Oxford has appliances for printing 150 different languages. Senator Redfield Proctor, in an address to the legislature at Montpelier, Vt., said that we should retain all of the Philippines if any. The St. Louis, Peoria & Northern Railway company has been reorganized as the St. Louis & Northern Short Line. Both branches of the Vermont legislature passed a joint resolution approving President McKinley's demands for the retention of the Philip. pines. The order for the discharge of Surgeon Huidekoper has been amended to take effect Nov. 15, SO that he may testify before the investigating com. mittee. Several persons who have arrived at Port Townsend, Wash., from Copper River, Alaska, say that there are rich deposits of copper there, and that the Indians keep its location a secret. The widow of the late Cuban general, Jose Maceo, was one of the applicants for rations at the American free distribution depots at Santiago. She had been on the verge of starvation for many weeks. New Zealand's house of representatives has passed the old age pension bill. Every person of the age of sixtyfive years and of good moral character, who has lived for twenty-five years in the colony, whose income does not exceed $120 a year is entitled to a pension of $90 pe: year. The First National Bank of Flushing, Belmont county, Oho, has suspended business and is in the hands of the controller of the currency. J. W. Delay was appointed temporary receiver. The bank has been in bad shape for the past three years. Poor investments are said to have precipitated the failure. The bank is certain it will pay all claims in full. It was learned that Mrs. Russell Sage will contribute $300,000 for the building of a military sanitarium in Citronelle, a few miles from Mobile, Ala., on the Mobile & Ohio railroad. Gen. Joseph Wheeler, under instructions from the war department, has inspected the site, and it is understood, will report favorably upon it. Judge Hallett, in the United States Circuit court at Denver, Colo., ordered the sale on foreclosure proceedings of the Denver City Cable Railway company and the West End Street Railway company. The two companies have $4,500,000 of bonds outsanding. The business of the Globe National Bank of Chicago has been consolidated with that of the Continental National bank of that city.
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THE NEWS EPITOMIZED. Washington Items. In his annual report to the Seen cary of War Adjutant-General Corbin strongly advises an increase of the army and a greater proportion of officers. He also recommends the revival of the grade of Lieutenant-General. Secretary Alger has approved the loca. tion selected by the Hecker board for the principal garrison of Cuba. It is near the town of Mariano, which is eight miles south of Havana. The board recommends that the Guardia Civilia be retained for police work in Havana. It is estimated that thirty-seven out of ninety Senators will oppose a peace treaty giving all the Philippines to America. The newly accredited Siamese Minister to the United States will re-establish a legation here. Secretary Long ordered that the torpedoboats at the Brooklyn Navy Yard remain in commission. The Nicaraguan Canal Commission has nearly completed its work. and will soon submit a report declaring that the project is entirely feasible. The Controller of the Currency has ordered the First National Bank of Flushing, Ohio, to close its doors. Bank Examiner J. W. Delap has been appointed temporary receiver. Dry rot is said to have caused the failure.
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National Bank Changes According to the latest bulletin of the comptroller of the currency, of date December 12th, the following changes have taken place: National Banks Organized.-The Calcasieu National bank of Lake Charles, Louisiana; capital, $100,000. H. C. Drew, president; Frank Roberts, cashier. (Date of certificate, December 6, 1898.) The National Hamilton bank of Boston, Mass.; capital, $500,000. Henry G. Denny, president; Geo. H. Davenport, cashier. (Date of certificate, December 7, 1898. ) Applications to Organize National Banks Approved.-The Western National bank of Oklahoma City, Oklahoma territory, with a capital of $50,000, by the following persons: M. L. Turner, Guthrie, Oklahoma; A.L. Frick and others. The Citizens' National bank of Springfield, Ohio, with a capital of $100,000, by the following persons: Edward S. Buckwalter, Springfield, Ohio; John L. Zimmerman, Charles S. Kay and others. Liquidation.-The Pontiac National Bank, Pontiac, Mich. The Farmers and Merchants' National bank of Hickman, Ky. The Globe Natonal bank of Cheago, Ill. Insolvent/The First National bank of Flushing, Ohio; Henry M. Davies appointed receiver in place of James W. De Lay. The City National bank of Greenville, Mich.; Thomas A. E. Weadock appointed receiver.
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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.
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BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. -First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170.000. Mar. 16-Home savings, 8 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- l'homas 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, III., $150,000. Fillmore county, Preston, Minn., $150,000. Sep. It-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. 29 Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 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.
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BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. -National, Paola, Kan., suspended. 1-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, Ia., $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 $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000 closed; resumed on Nov. 15. 29 Second national, of Springfield, O., goes into liquidation. Nor. 5- First national, of Flushing., O., suspends. 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.
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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, 1a., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (sus pended) Aug. 11-Bank of Waverly, III., $150,000. 27 -Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Aia., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., lia bilities, $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 350,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, 0, goes into liquidation. Nov. 5-First national, of Flushing., O., suy. pends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doora 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.