15143. First National Bank (Granville, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
388
Charter Number
388
Start Date
January 27, 1879
Location
Granville, Ohio (40.068, -82.520)

Metadata

Model
gpt-5-mini
Short Digest
4aeb0ce62c32071d

Response Measures

None

Description

Multiple contemporary newspapers (late Jan 1879) report that the First National Bank of Granville, Ohio suspended (around Jan 27–28, 1879). Articles state depositors will be paid in full and that holders of the bank's paper will lose. Causes cited in dispatches point to excessive taxation/financial burden rather than a depositor run; no articles describe a run or a subsequent reopening. There is no explicit mention of a receiver, but the consistent language (suspended; depositors paid; holders of paper lose) implies permanent suspension/closure rather than a temporary suspension. OCR typos corrected (e.g., Grandville/Grantville -> Granville as consistent across multiple items).

Events (3)

1. April 18, 1864 Chartered
Source
historical_nic
2. January 14, 1879 Voluntary Liquidation
Source
historical_nic
3. January 27, 1879 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Reports state excessive taxation/too much taxes to pay caused the bank to suspend payments.
Newspaper Excerpt
The First National Bank of Granville, Ohio, has suspended. Depositors will be paid in full. Holders of the bank's paper will be the losers.
Source
newspapers

Newspaper Articles (10)

Article from Daily Press and Dakotaian, January 27, 1879

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Article Text

BANK SUSPENDED. Cincinnati, Jan. 27.-The first national bank of Grandville, Ohio. has suspended Dépositors will be paid in full. The stockholders will be the only losers. ROW AMONGST PREACHERS. New York, Jan. 27.-The Baptist minister had a stormy meeting to-day, owing to the interpolation of words in the minutes by the clerk, Dr. Fulton, using language which the moderator pronounced unbecoming personalities, and refusing to take his seat. A motion was made to suspend him from membership. He then again attempted to address the body, but calls for the question drowned his voice. He then retired and was subsequently suspended,


Article from Public Ledger, January 27, 1879

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Bank Failures. CINCINNATI, January 27. - The First National Bank, of Granville, Ohio, has suspended. Depositors will be paid in full. Holders of the bank's paper will be the losers. BOSTON, January 27.-It is stated that the Needham Savings Bank will be closed, owing to the lack of business.


Article from The Portland Daily Press, January 28, 1879

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MINOR TELEGRAMS The Fis k House at Nicholson, Pa., is burned. Loss $8,000. Four masked burglars robbed John Ryan's house and grocery Sunday morning in Guttenburg, N. J., of money and groceries to the amount of $3000. The First National Bank at Granville, o,, has suspended. Depositors are paid in full. Dave Anderson, a negro, intally cut J. Wood, a white man, in a dispute over a ten cent piece at Louisville, Sunday, while gambling. Thomas Lynch, a deranged old man, was frozen to death at Brinton, Range, N. J., Sunday. The Supreme Court at Indianapolis has granted Louis Gueting, a murderer sentenced to be hanged the 29th, a new trial. A Washington special says that the investigating committees refuse to sign the report, charging expublic printer Defrees with dishonesty. A letter from Dublin states tbat while in Ireland Gen. Grant was constantly shadowed by a Dublin detective who expected to discover evidence that Grant was the Fenian head-centre of the United States. A Baltimore despatch says that Boston capitalists are examining terminal faci-ities of New York with a view to establishing a first class line of steamers to Liverpool. The building occupied by Wayne, furniture dealer and Herancourt & Beiler undertakers at Dubuque, Iowa, is burned. Loss $25,000. The woolen mill of Rowstzer, at South Coventry, burned last night was a large frame building filled with machinery, and employed 100 hands. Loss heavy but unknown.


Article from The Wheeling Daily Intelligencer, January 28, 1879

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CLOSED FOR WANT OF BUSINESS. Boston, January 27.-Itis said the Needham Savings Bank will be closed owing to a lack of business. BANK SUSPENSION. CINCINNATI, January 27.-The First National Bank of Grantville, Ohio, suspended. The depositors will be paid in fu.l. The losers. holders of the bank's paper will be the


Article from Chicago Daily Tribune, January 28, 1879

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FINANCIAL. BOSTON, Mass., Jan. 27.-11 is stated that the Needham Savings Bank will be closed, owing to a lack of business. CINCINNATI, 0., Jan. 27.-The First National Bank at Granville, 0., has suspended. The depositors will be paid in full, but holders of the bank's papers will be the lusers. Oswado, N. Y., Jan. 27.-The National Ma. rine Bank is to be closed. Cause, the high rate of taxation and the low rate of interest. Special Disputch to The Tribuna. AUROBA, III, Jan. 27.-William Lawrence & Co., dealers in dry goods, closed their doors this morning. The firm was composed of William Lawrence, Lywan Baldwin, and M. A. Higgins, and bad transacted a large business for many years la the West Division of the city. It is believed their assets will be 63 cents and perbace 100 to the dollar of indebtedness. They have the respect and sympathy of the entire community in their misfortune.


Article from New-York Tribune, January 29, 1879

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FAILURE AT ALLENTOWN. ALLENTOWN, Penn., Jau. 28.-M. J. Kramer, for many years the largest dry goods merchant in this city, had his store closed by the Sheral, and will be sold out on Saturday. His indebtedness IS about $15,000, due mostly to Philadeiphia and New-York froms. SUSPENSION OF A NATIONAL BANK. CINCINNATI, Jan. 28.--The First National Bank of Granville, Ohio. has suspended. The depositors will be paid in full. Holders of the bank's paper will be losers. BANK TO GO INTO LIQUIDATION, OSWEGO. N. Y., Jan. 28.-The stockholders of the National Marine Bank, owing to the low rate of interest and high taxation. have resolved to go into liquidation. The bank 13 solvent. AN INSOLVENT GROCERY FIRM. CINCINNATI, Jan. 28.-A dispatch from Loudonville, Ohio, says the store of P. J. Black & Co., grocers at that place, was locked up by the sheriff. on the 234 inst., and all valuable property was put under levy. on a judgment in favor of the Londonville Banking Company. A fight is now on hand by the other credit. ors to defeat this priority. The firm is Insolvent. Liabilities about #25,000; assets. $15,000. The creditors are chic flv farmers. FRAUDULENT BANKRUPTS ARRAIGNED. BOSTON. Jan. 28.-Albert C. Andrews and James W. Coltman were arraigned to day, charged with conspiring to defraud their creditors, and were each held in $3,000 ball for trial.


Article from River Falls Journal, January 30, 1879

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MISCELLANEOUS. The ice has commenced breaking up at St. Louis. The First National bank of Granville, O. has suspended. Subscriptions to the 4 per cent. loan, Jan. 23d, $4,080,600.1 Subscriptions to the 4 per cent. loan January 24th, $3,795,100. Navigation has been resumed by local packets from Wheeling, W. Va., A St. Petersburg telegram says the plague is reported in or near Moscow. There was an incendiary fire at Wheeling, W. Va., and another at Quincy, IIL, Jan. 234. A terrible gale with snow is reported as raging in all parts of the provinces of New Brunswick. Two men in Cincinnati were killed by the falling of a wall of a burned building. Both leave families. At Washington, D. C. the demand for silver dollars January 26th, amounted to $25,000 for the month $497,000] An Ottawa, Ontario telegram of Jan. 21, says a large number of connterfeit $4,00 Doninion notes are in circulation. William O'Brien and two sons were burned to death in their camps at Millbury Brook, New Brunswick a few days since. Gold Bros., proprietors of the Boston Cloting House, Milwaukee, have made an assignment. Liabilties $41,000, assets $24,000. A stock panic took place in Montreal, Jaa: 23, caused by the reported failure of one of the directors of the local board of Toronto. At Hyde Park Pa., a few nights since Mrs. Davis and a child one year old were burned to death by the explosion of a kerosene lamp. At Boone, Iowa, January 24th, a fire destroyed the bowling alley of Samuel S. Ives, who in attempting to save his books and papers was burned to death. At Milton, Pa., a confectionary es-tablishment was burned Jan. 24. During the fire an explosion took place which killed one man and injured several others. At Paris the manager of the Lanterne, newspaper has been sentenced to three months imprisonment and to pay a fine of 2,000 francs for libelling government officers. A London telegram of Jan. 27th, says it is estimated that one seventh of the looms and spindles in Blackburn are stopped and that from 4,000 to 5,000 operatives are idle and destitute, A smash-up occurred between two freight trains on the New Jersey Central railroad, at Tulleytown, Jan. 25th, killing the conductor and fireman, and smashing four cars, the locomotive and tender. A destructive tornado, Sunday evening, Jan. 26th, struck the town of Lockport, Texas, demolishing forty houses, including churches, court house and Masonic hall. A child was killed and several persons badly hurt. In the fear of possible riots and assaults on the United States treasury building in New York city, vigorous and active measures are being inaugurated to strengthen the vaults in which $100,000,000 or more of treasure are always stored. The comptroller of currency has called for a report of the condition of national banks at the close of business, January 1, 1879. The report is called for at that date for the purpose of obtaining as nearly as possible the condition of the banks the day of resumption of specie payments. A Fort Robinson Nebraska telegram gives an account of a late skirmish between United States troops and the Cheyenne Indians. and says only nine Cheyennes, all of them wounded, were captured. The balance of the party, twenty-three in number, were killed. Seventeen are still unaccounted for. It is supposed some died from wounds and others escaned. The Seecretary of the treasury estimates that it will take $150,000,000, to meet the requirements of the new persion law, just passed both Houses of Congress, but not yet signed by the President, and says if that amoant should go out of the treasury, it will create a deficit. The cabinet has had the bill under consideration but came to no decision as to how it should be dealt with. At Toledo, O., January 24th, Dayton & Michigan company's elevator B, with contents, consisting of 100,000 bushels of grain, mostly corn, was destroyed by fire. Estimated loss $85,000. The building is insured in Cincinnati for $25,000. Insurance on grain $40,000. The fire started in the cupola and is supposed to have been caused by friction in the machinery. In New York city January 24th, Augustus Phillips, alias Oofty Toofty, and his mistress, Mary Hopeley, quarreled at their residence, 142 West Sixteenth street, and she shot him in the side, it is thonght fatally. About four hours later Phillips attacked the woman and beat and kicked her so severely that her life is said to be in danger. Both were taken to the hospital in an ambulance. A Faribault, Minn., telegram of Jan. 21. says the examination of Bryant, the teacher, through whose instrumentality Sammy Crossett's leg was broken has been closed, and from the eyidence of the score of witnesses examined, it would seem that it was an entirely uncalled for transaction, and f a disgraceful affair all through. The most brutal feature of the whole affair was the utter lack of common humanity as displayed by the teacher, who, when it wss well known that the child's leg was broken, did not offer to take him home or seem to care much about the case any way. In a session of the Potter committee Gen. Butler made a statement that certain dispatches had come into his possession early last spring. He found them upon his private table, but had no knowledge how they came, these dispatches, it was said, were part of those printed in the Tribune. If so he had nothing to do with their publication. They had been furnished to the Tribune before they came into his hands. During the summer they were missed for several weeks and subsequently they were found again, when he had thern numbered and stamped and put in a place of safety, He was willing to place


Article from Fayette County Herald, January 30, 1879

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THE first National Bank of Granville, in this State, has suspended payments. The depositors will get their money. Too much taxes to pay is said to be the cause.


Article from Evening Star, January 31, 1879

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Beware of motto lozenges. Several Birmingham (Ct.) factory girls have been poisoned by them. The First National Rank of Granville. Ohio, has suspended. The depositors will be paid losers. in full. Holders of the bank's paper will be The prohibitionists of Ohio will hold a convention for the nomination of candidates for 20. state officers in Columbus on Thursday, Feb. Gov. Pillsbury, of Minnesota, is candidate for a third term, his friends say, at their earnest request and at a heavy sacrifice to his private interests. It is said the Manufacturers' Gas Company of Fall River, Mass., of which Charles P. Stickney bankruptcy. was treasurer, have decided to go into It is estimated that 20,000 emigrants will reach this country within a few months. All the steamship companies report a large increase in the number of prepaid passage tickets. In a fight at McBean station. Georgia, Monday, between M. H. and D. H. Nixon. brothers, the latter was shot and killed. The difficulty grew out of a horse trade. Mr. Billy Monahan, of Decatur, Ill., staggered into a temperance meeting and with tears in his eyes took the pledge; then, in his rapture, hauled out a little black flask and took a drink to the success of the Murphy movement. Col. Thompson of the Savannah News, author of "Major Jones's Courtship," and other humorous sketches of Southern life, is the most prominent candidate for Congress, vice Julian Hartridge, dead. By resolution of the common council, all liquor-dealers of Racine, Wis., have been prohibited from giving, selling or permitting to be given or sold liquor to James Freeman, once a leading lawyer of the state but for for some years hopelessly addicted to drink. Eggs forty cents a dozen! Are hens aware that the war ended fifteen years ago, and that the government resumed specie payments on Jan. 1? Farmers should acquaint their poultry with these facts.-[Norristown Herald. At Joliet, Ill., one day last week, the 2,500 children attending the schools. and their teachers, were taken out for a sleigh-ride in nearly 400 sleighs and cutters, headed by a band of music, fifteen barrels of apples being distributed to them at the review ing point. A remarkable cure is reported from Austin, Tex., of a man who had long been an object of pity because of his weak lungs, from which he spat up blood freely. The city marshal put him into the chain gang, having relieved him of a package of brickdust, and the sufferer has entirely recovered.


Article from The Superior Times, February 8, 1879

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Business Troubles. Late failures in Great Britain: Dice, Nichol & Co., merchants, London; liabilities £94.000. Hardy & Co., lace manufacturers, Nottingham; liabilities £53,000. Hughes & Nephew, ship brokers, Liverpool; liabilities £170,000. Hermann Brock, a Cincinnati commission merchant, has made an assignment. Liabilities $117,000; assets, actually $32,000. Louis Tournville, commission merchant, Montreal, failed on the 28th ult. Liabilities $187,000, assets $139,000. A writ of attachment was issued against J L. Cassidy, wholesale crockery dealer, Montreal, on the 28th. Liabilities $300,000, chiefly secured by real estate. The National Marine bank of Oswego, N. Y., and the Needham Savings institution of Boston, Mass., have closed doors, owing to lack of business. The First National bank of Granville, Ohio, has suspended. Depositors will be paid, the loss falling on holders of the banks paper.