15171. Second National Bank (Jefferson, OH)

View Charter #2026 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2026
Charter Number
2026
Start Date
December 20, 1882
Location
Jefferson, Ohio (41.738, -80.769)

Metadata

Model
gpt-5-mini
Short Digest
124e60624ebb38cd

Response Measures

None

Description

Multiple contemporary newspaper dispatches (Dec 20–29, 1882) report the Second National Bank of Jefferson, Ohio, suspended Dec 20, 1882 due to embezzlement/defalcation by the cashier S. J. Fuller (who fled) and assistant cashier H. L. St. John (stricken). Subsequent reports indicate the bank went into liquidation, i.e., permanent closure. No depositors' run is described in the articles—only suspension and liquidation due to internal fraud.

Events (4)
1. August 12, 1872 Chartered
Source
historical_nic
2. December 20, 1882 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Defalcations/embezzlement by cashier S. J. Fuller (fled) and assistant cashier H. L. St. John (stricken); Fuller used about $50,000–$75,000 of bank funds in speculation.
Newspaper Excerpt
this community is much excited over the defalcations of S. J. Fuller and H. L. St. John, the cashier and the assistant cashier of the Second National Bank, and the suspension of the bank pending an investigation.
Source
newspapers
3. December 26, 1882 Voluntary Liquidation
Source
historical_nic
4. December 29, 1882 Receivership
Newspaper Excerpt
In consequence of defalcations committed by the cashier and his assistant, the Second National bank of Jefferson, Ohio, will go into liquidation.
Source
newspapers

Newspaper Articles (13)
1. December 20, 1882 Lancaster Daily Intelligencer Lancaster, PA
Article from Lancaster Daily Intelligencer, December 20, 1882

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SECOND EDITIO N. WEDNESDAY EVENING DEC, 20, 1882. GONE WRONG AGAIN. A BANK PRESIDENT'S BIG STEALINGS, He Speculates in on and Stocks and Robe the Depositors of $500,000-An Oh!o Cashier's Downfall. NEW YORK, Dec. 20.-A Rochester, N. Y., dispatch says the City bank rated the third strongest in the city closed its doors this mornging. There is said to be a deficiency amounting to half a million of dollars. The cause of the suspension is said to be speculation in stocks and oil by the president, Chas. E. Upton. Great excitement prevails. The amount of deposits is stated at $500,000 and the amount of paper held by the bank at $800,000. Upton was treas. urer of the Western New York Episcopal diocese and had its funds in the bank. The savings bank of the city had large sums as deposit in the bank. Also an Ohio Cashier. CHICAGO, Dec. 20.-A dispatch from Jefferson, O., states that the community there is much excited over the defalcations of S. J. Fuller and H. L. St. John, the cashier and assistant cashier of the Second national band, and the suspicion of the bank pending an investigation. Fuller has tied. He has been speculating and used from $50,000 to $75,000 of the bank's funds. St. John, on learning the crime was discovered, had a stroke of paralysis The depositors are not likely to lose their money. the stockholders being liable for $200,000, which is far more than the average amount of de posits.

2. December 20, 1882 Evening Star Washington, DC
Article from Evening Star, December 20, 1882

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CHICAGO, Dec. 20.-A dispatch from Jefferson, Ohio, states that the community there is much excited over the defalcations of S. J. Fuller, and H. L. St. John, the cashier and the assistant cashier of the Second National Bank, and the suspension of the bank pending an investigation. Fuller has fied. He has been speciality. and used $50,000 to $75,000 of the bank's funds. . St John on learning that the crime was discovered. had a stroke of paralysis. The depositors are not. likely to lose their money, the stockholder being liable for $200,000, which is far more than the average amount of deposits.

3. December 21, 1882 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, December 21, 1882

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DEFALCATION Cashier and Assistant Cashier of an Ohio Bank $50,000 Short. JEFFERSON, O., Dec. 20.-This community is excited over the defalcation of S. J. Fuller and H. L. St. John, cashier and assistant cashier of the Second Natio al Bank, and the suspension of the bank pending investigation. Fuller has fled, He has been speculating and used $50,000 to $25,000 of the bank's funds. St. John, on learning that the crime was discovered, had a stroke of paraly sis. The depositors are not likely to lose their money, the stockholders being liable for $200,000, more than the average of deposits.

4. December 21, 1882 New-York Tribune New York, NY
Article from New-York Tribune, December 21, 1882

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AN OHIO BANK SUSPENDS. JEFFERSON, Ohio, Dec. 20.-There is much excitement here over the defalcations of 8. J. Fuller and H. L. st. John, the cashier and the assistant cashier of the Second National Bank, and the suspension of the bank pending an investigation. Fuller has fled. He had been speculating, and used $50,000 to $75,000 of the bank's funds. St. John, on learning that the crime was discovered, had a stroku of paralysis. The depositors are not likely to lose their money, the stockholders being liable for $200,000, which is fur more than the average amount of deposits.

5. December 21, 1882 New-York Tribune New York, NY
Article from New-York Tribune, December 21, 1882

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New-Dork Daily Cribune. FOUNDED BY HORACE GREELEY THURSDAY, DECEMBER 21, 1882. THE NEWS THIS MORNING. FOREIGN.-The Rev. Dr. Edward White Benson has been appointed to the Archbishopric of Canterbury made vacant by the death of Archbishop Tait. = The Mayor, Justice and Aldermen of Ahuacatlan, Mexico, have been carried off by brigands. === Michael Flynn has been sentenced to be hanged for "complicity in the murder of the Huddys. I he Copeland Hotel in Pembroke, Ont., has The been burned; three lives were lost. = British steamer Regent, from Cardiff for New-Orleans, has been abandoned at sea. === Fifteen of the women who were injured by the explosion in the cartridge factory in Mont Valerien, France, have died. CONGRESS.-In the Senate the Consular and Diplomatic bill was called up. The Civil Service In the House Reform bill was further debated. the Post Office bill was taken up; the Robeson asmndment, somewhat modified, was adopted and the bill passed. DOMESTIC.-The City Bank of Rochester, N. Y., closed its doors yesterday on account of the appropriation by the president, C. E. Upton. of several hundred thousand dollars of the bank's money for use in oil speculations. The Second National Bank of Jefferson, Ohio, has suspended because of the defalcations of the cashier and assistant cashier. - Chauncey W. Huft, cashier of the Union Steamboat Company of Buffalo, is missing. Alfred Post, of Newbarg, died yesterday. Randall, Bell & Co., a grain commission firm of Chicago, have failed. The house of John Clark, Linn County, Kan., was burned and his three children in it. Iron manufacturers met a Pittsburg and approved the report of the Tariff Commission. CITY AND SUBURBAN.-The City of Berlin arrived yesterday. having lost her rudder and rudder === Information was received of the death post. of Trenor W. Park on the steamer San Blas on December 13. Henry Prouse Cooper was deThe Committee on Studies made clared sane. a report to the Board of Education. Andrew D. White lectured on "The New Germany." Prince Taruhito and suite left the city for Niagara Falls. = Gold value of the legal-tender silver Stocks were dollar (41212 grains), 84.75. dull and irregular and closed weak without feature. THE WEATHER-TRIBUNE local observations indicate warmer and generally cloudy weather, with light snow or rain. Temperature yesterday: Highest, 86°; lowest, 20°, average, 2812°.

6. December 21, 1882 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, December 21, 1882

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BROKEN BANKS. Two Strong Institutions Rained by the Specilatious of Their Officers. JEFFERSON, O., December 20.-This community is excited over the speculation of J. Fuller and H. L. St. John, cashier and assistant cashier of the Second National Bank, and the suspension of the bank pending an investigation. Fuller has fled. He had been speculating, and used $50,000 to $75,000 of the bank funds. St. John, on learning that his crime was discovered, had a stroke of paralysis. The depositors are not likely to lose any money, the stockholders being liable for $200,000, being far more than the average deposits.

7. December 21, 1882 Wheeling Register Wheeling, WV
Article from Wheeling Register, December 21, 1882

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FRAUDS. Two Banks Suffer from Speculating Officers. A Bank President Speculates in Oil and Sinks $300,000 of the Funds-A Cashier Gets Away With $75,000. TRICK OF A HORNY-HANDED SWINDLER. ROCHESTER, N. .Y., December -Through the use of $350,000 of the funds of the City Bank of Rochester, by its president, Chas. E. Upton, to carry on oil speculations, the bank this morning closed its doors. The amount of deposits is stated to be $500,000, and the amount of paper held $800,000. Upton was treasurer of the Western New York Episcopal Diocese and had its funds in the bank. The Savings Bank had large sums on deposit with the City Bank. J. B. Parkins, attorney of the bank, and one of the directors made the following statement: "A month ago I considered the bank perfectly sound. The cause of the failure was speculation with funds of the bank by the President, C. E. Upton, in oil, lately. He had speculated to the amount of hundreds of thousands barrels. Two hundred thousand barrels he had for himself and a great deal for other parties, not connected with the bank. Two or three weeks ago there was a heavy fall in prices. He took money from the bank to carry this. Immediately after that the directors were informed that checks of the City bank had been thrown out by the American Exchange bank of New York. We commenced an investigation anu found everything in confusion. We wished Upton to make a statement and he finally said the owed about $200,000 and had property valued at $50,000, which he agreed to secure to the bank. The directors then decided to raise $100,000 and continue the bank, but it was subsequently ascertained that Upton owed $330,000, and the institution was obliged to close. Upton turned over to the bank property to the value of $50,000. It is said that Upton took $75,000 last night for his private use. The city has no funds in the bank, but the county is badly involved. JEFFERSON, O., December 20.-This community is excited over the defalcation of J. Fuller and H. L. St. John, cashier and assistant cashier of the Second National Bank and the suspension of the bank. Pending an investigation, Fuller plead he had been speculating and used from $50,000 to $75,000 of the bank's funds. St. John, on learning of the crime, discovered he had a stroke of paralysis. The depositors will not lose any money, the stockholders being liable for $200,000, which is far more than the amount of deposits.

8. December 21, 1882 The Daily Gazette Wilmington, DE
Article from The Daily Gazette, December 21, 1882

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LAST NIGHT'S NEWS IN BRIEF. There were two slight earthquakes at Panama on Tuesday. 20 counterfeit plates, captured by Service Secret in the of being for a corn and William at stroyed "short" The Over Randall, Chicago, oats. Bell failed considerable Treasury C. agents, & yesterday Moore Co., have Department. commission Banking amount morning, just House been in dealers deVictor, New York, suspended yesterday, in consequence of the City Bank failure at Rochester. The farm buildings of E. C. Hawkes, at Charlemont, Mass., were burned yesterday with 150 sheep, 50 calves and a quantity of hay and grain. Daniel and Thomas League were arrested yesterday in Mobile, while passing counterfeit quarter dollars, and implements were found in their possession. The Copeland Hotel, and a block adjoining, in Pembroke, Canada, were burned Three yesterday morning. Loss, $10,000. lives were lost in the hotel. The schedule in the assignment of Graham & Altken, dry goods merchants of New York, shows liabilities amounting to $169. 849, and actual assets amounting to $128,914. The hospital of the Sisters of Charity at Big Rapids, Micbigan, was burned yester day, and a valuable library, belonging to the estate of the late Father de Conick, Was destroyed. An incendiary fire at Morristown N. J., yesterday morning, destroyed a large barn and outbuilding belonging to Senator Randolph, also a new steam ditcher, lately patented by him and built at an expense of over $6,000. The trouble at Opelika, Alabama, continues. The house of B. H. Heiser, editor of the Times, was fired into on Tuesday night. Ten buckshot crashed through his bedroom window and buried themselves in the opposite wall. General N. M. Curtis, convicted in New York of violation of the Anti-political Assessment law and sentenced to pay a fine of $1,000, yesterday, handed over a check for the amount, in open court, and was diecharged from custody. A telegram from Concord, N. H., says that "one of the largest and most brilliant meteors ever observed" there was seen yesterday afternoon. between 4 and 5 o'clock. It passed from west to east, and "was as plainly visible as meteors usually are after dark." The frame shop of Frazer & Jones, contractors, in the yard of the County Prison at Syracuse, New York, was burned yesterday morning, and Henry W. Austin, watchman, was burned to death. The loss on property is estimated at about $40,000. Charles A. Dunning, a well-known citizen of Denton, Md., was found dead in his carriage near his house yesterday morning, with his head badly cut and bruised, hanging between the front wheel and the shafts. A coroner's jury found that his death resulted from an attack of vertigo. An attempt was made on Tuesday night to burn the town of Henderson, North Carolina. Three stores were fired, one of them in four places, coal oil being used freely. A vigilance committee of fifty has been formed to patrol the town at night. A few years ago the town was almost entirely destroyed by incendiary fires. The jury in the case of Solomon Jones, on trial at Chesterfield, Va., for the murder of his son, rendered a verdict on Tuesday night of not guilty, ud the prisoner was discharged. After his arrest Jones denied the murder, saying that his son had been killed hy a train on the Richmond and Petersburg Railroad. The father will now sue the road for damages. The Second National Bank of Jefferson, Ohio, has suspended, in consequence of embezzlements by S. J. Fuller and H. L. St. John, the cashier and assistant cashier. Fuller has used from $50,000 to $75,000 of the bank's money and has fled. St. John stricken with paralysis on hearing of the discovery of the crime. It is said the depositors will lose nothing, as the stock. holders are liable for $200,000, which is far more than the average of deposits. THE LARGEST RETAIL STOCK OF DRY

9. December 21, 1882 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, December 21, 1882

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TELEGRAPHIC A Bank Bursted. Rocheater, N. Y., 20.-The City Bank, rated the third strongest in the city, closed it doors this morning. There is said to have been a deficiency of $500,000. The cause of the suspension is said to have been speculation in stocks and oil by the president, Charles E. pton. Great excitement prevails. It is learned that O. E Upton, president of the bank, used $350,000 to carry on oil speculations. The deposits were $500,000. Other banks hold $800,000 of its paper. Upton was treasurer of the New York Episcopal Diocese, and had its funds in the bank. The city had a large deposit there. Jefferson, 0., 20,-The community is greatly excited over the defalcations of J. Tuller and H. L. St. John, cashier and assistant cashier of the Second National Bank, and the suspension of the bank pending investigation. Tuller has fled. He has been speculating, and used $50,000 or $75,000 of the bank's funds St. John, on learning that the crime was discovered had & stroke of paralysis. Depositors are not likely to lose any money. as the stockholders are liable for $200,000, being far more than the average deposits.

10. December 28, 1882 Brookings County Sentinel Brookings, SD
Article from Brookings County Sentinel, December 28, 1882

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Broken Banks. Great excitement was created at Rochester, N. Y., on the 20th inst., by the announcement that the City Bank of Rochester had closed its doors. The amount of deposits is stated at $500,000 and the amount of paper held by the bank $800,000. The failure was caused by the use of bank funds by C. E. Upton, its president. in unfortunate oil speculations. Upton owes the institution $330,000 and has made restitution by turning over property valued at $150,000. The city of Rochester has no funds in the bank, but the county is badiy involved. The Second National Bank, of Jefferson, O., has suspended temporarily, pending investigation into defalcations by S. J. Fuller and H. L. St. John, cashier and assistant cashier Fuller had speculated and lost about 875,000 of the bank's funds. St. John. on hearing of the expose was stricken with paralysis. The depositors will not suffer as the stockholders are liabie for more than the deposits.

11. December 28, 1882 Wood County Reporter Wisconsin Rapids, WI
Article from Wood County Reporter, December 28, 1882

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The community at Jefferson, Ohio, are excited over the defalcation of S. J. Fuller and H. L. St. John, cashier and assistant cashier of the Second National Bank, and the suspension of the bank pending investigation. Fuller has fled. He has been speculating and used $50,000 to $75,000 of the bank's funds St. John on learning that the crime was discovered, had a stroke of paralysis. The depositors will not lose any money, the stockholders being liable for $20,000, being far more than the average deposits.

12. December 29, 1882 The Times Owosso, MI
Article from The Times, December 29, 1882

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# VERY LATEST. An illicit distillery, capable of running twenty barrels per day, was seized in Harlem, New York, Saturday. A policeman in San Francisco, named Joseph Lanktree, stole $5,000 worth of silks from a Central Pacific car. During the five months ended Nov. 30, 244,611 immigrants landed in the United States. Mr. J. Saurin Morris, President of the First National Bank of Baltimore, died Friday in his 70th year. Illinois has 10,463 miles of railway track, leading all the states. Four roads are in the hands of receivers. Mrs. Langtry appeared at a matinee in Brooklyn before an audience of 250 persons. A navigable channel has been opened from the heart of the everglades of Florida to the Gulf of Mexico. The funeral of Sir Hugh Allan was held at Montreal Wednesday, the remains having arrived from Scotland. Annie Sullivan, more than 100 years of age, was killed by a train at Winchester, Massachusetts. The penal code was rigidly enforced in New York Sunday, the police closing every store found open after 9 o'clock in the morning. The grand jury in New York called the attention of the court to the accumulation of dirt in the streets with a suggestion that it be removed. A telegraph operator in Montreal, named W. C. Anderson, is to receive $750,000 by the will of an uncle in Scotland. A force of mounted infantry has marched from Petermaritzburg for Zululand, to start Cetewayo on a new career as an African boss. Red Cloud and an interpreter have arrived in Washington, but the chieftain declines to give himself away to the interviewers. A blaze at St. Petersburg destroyed several iron-work establishments on the Neva and three steamers on the stocks. The prince of Wales telegraphed to Paris to learn the real condition of Gambetta, and was answered that the latter's wound had thoroughly healed. The Russian minister of foreign affairs thinks the removal of the bodies of De Long and his men impracticable at this season of the year. J. H. Watkins, one of the proprietors of a flouring-mill at Toledo, has been convicted of burning it to obtain insurance of $19,000. James A. Wilson, treasurer of De Witt county, Illinois, who was wealthy and popular, committed suicide by hanging. General Curtis, of New York, paid a fine of $1,000 for collecting political assessments, and was discharged from custody. In consequence of defalcations committed by the cashier and his assistant, the Second National bank of Jefferson, Ohio, will go into liquidation. J. M. Sturtevant, who for thirty years has been superintendent of the Tennessee blind school at Nashville, died of paralysis. Jem Mace, the pugilist, has arrived at San Francisco from Australia, bringing a half-breed Maori to fight Sullivan. The treasury department publishes a decision that a Chinese wet-nurse is a laborer, and can not be admitted to the United States. In the United States court at Omaha, F. E. Clary, formerly postmaster at Sidney, was convicted of making false returns as to the arrival of mails, and fined $300. Two bold thieves walked around among the Christmas shoppers in a fur store in Cincinnati, and stole four sealskin sacques, which they carried away in a valise. A fire in a postal-car near Schenectady destroyed three pouches of letters from New York for Chicago, and much of the European mail from three steamers. General Chalmers made his appearance at Oxford, Mississippi, as an assistant United States attorney retained by the government to aid in prosecuting offenses against the election laws. A Dayton dispatch chronicles the death of Rear Admiral James F. Schenck retired, who entered the naval service in 1821 as a midshipman on the Hornet. Two great-grandsons of Daniel Boone received mortal wounds at the hands of William Vaughan, of Ladonia, Texas, for whom one hundred citizens are engaged in a search. A train carrying three hundred excursionists was ditched Friday at Mount Vernon, Ohio, by an open switch, resulting in serious bruises to several travelers. Andy Wilson sold his farm of 5,652 acres at Kingsville, Shawnee County, Kan., for $150,000, and will remove his stock, valued at $100,000, to New Mexico. Last week's business failures for the United States numbered 236, an increase of six over the week ended Dec. 15, and ninety-one more than in the corresponding period in 1881. Mrs. Ellen Duncan, of Palmer Mass., was convicted of emasculating her little stepson, aged 6 years. It is believed the outrage will shatter the boy's reason for a time. Pupils of the public schools in Newark, New Jersey, were requested to bring one potato each for the Home of the Friendless, the plan resulting in the contribution of a small wagon-load. The district court at Cincinnatti has decided that the telephone company was justified in cutting out the instrument of A. II. Pugh for using the word "damn" over the wires. Z. Chafee, trustee of the Sprague estate, has petitioned the supreme court of Rhode Island for leave to disburse $500.000 to holders of trust mortgage

13. January 4, 1883 Yorkville Enquirer York, SC
Article from Yorkville Enquirer, January 4, 1883

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MERE-MENTION. Considerable alarm is felt in Hope, Arkansas, in regard to the reported uprising of the blacks, who, it is alleged, have made threats to burn the town. The streets are patrolled The Dickson and by a sheriff's posse. Star-route trials are still dragging their slow Edward length along in Washington. Knowlten and Charles Stiles, aged respectively 11 and 8 years, of Wallingford, Conn., confessed on being arrested last Friday afternoon, that it was they who attempted to wreck a passenger train a day or two before, being to do SO because an them prompted road had driven off the track. employé of Dur- the ing the present year $300,000,000 have been invested in the building of railroads in this The second National Bank of country. Jefferson, Ohio, has gone into liquidation, in consequence of the defaulting of the cashier, Two brothers, who has also absconded. named Bullard, were killed last Thursday, at Lebanon, Ala., by two brothers named Jacomy. On ThursAll were men of prominence. last five colored persons were at day drowned Fort Barrington, twelve miles above Darien, Ga. The boat they were in capsized and there was no help available. Chicago has erected, in the year just drawing to a close, fourteen miles of new buildings which cost twenty millions of dollars. It is a marvelous city Gen Newthat can show such a record. ton M. Curtis, convicted in New York of vioStates assessments from ting lation of the United office-holders Statutes for in collec- political purposes, appeared in court on the 20th, and paid the fine of $1,000. The Court directed the entry of an order discharging the genThe Judge of the Coreral from custody. poration Court of Norfolk, Va., has decided that the Dismal Swamp Canal Company has the right by virtue of a provision of its charter to hold one or more lotteries to raise monfor the of extending aud improvbet ween the waters ey ing navigation purpose of North Car- The olina and Virginia through its canal. director of the mint says that all the silver dollars at the New Orleans mint on the 1st of July last, amounting to $4,742,995, have been shipped to various points in the South, and all but of the coined at the same that quently $800,000 $3,000,000 mint have subse- been The City shipped to Southern cities. Bank of Rochester, "NFY, rated third strongest in the city, has failed with a rumored deficiency of $500,000. The cause of suspension is said to be speculation in stocks and oil by the President, Charles E. Upton. Great exGovernor Stephens, of citement prevails. Georgia, has pardoned forty penitentiary conThe snow of victs since his inauguration. last Friday fell to the depth of eight inches in Vanderbilt has effected a conRichmond. several Western roads and will a line to solidation have through of Cincinnati and St. Louis in opposition to the Pennsylvania road. The day train between Richmond Reand Charlotte is to be discontinued. cent floods in the German rivers have been very destructive to life and property. About The tifty persons are reported drowned. money power at the top and the liquor power at the bottom," according to Mr. Beecher, are the two great evils which this Government The heaviest has to contend with. snow fall recorded in this country occurred in February, 1717. It began to fall on 19th day of February and continued without interruption five days. MASSACHUSETTS VS. SOUTH CAROLINA.States Consta