15200. First National Bank (Lisbon, OH)

View Charter #2203 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2203
Charter Number
2203
Start Date
October 21, 1898
Location
Lisbon, Ohio (40.775, -80.763)

Metadata

Model
gpt-5-mini
Short Digest
f5ef9b3889373ead

Response Measures

None

Receivership Details

Depositor recovery rate
73.0%
Date receivership started
1898-11-03
Date receivership terminated
1903-05-18
OCC cause of failure
Fraud
Share of assets assessed as good
14.4%
Share of assets assessed as doubtful
20.3%
Share of assets assessed as worthless
65.2%

Description

The First National Bank of Lisbon (OH) was closed/suspended in late October 1898 after its cashier M. J. (or J. M./I. A. in OCR variants) Childs absconded and large shortages were discovered (articles report $40,000–$60,000). The controller/examiner took charge (Oct 22, 1898) and a receiver was appointed; by January 1899 the bank is described as defunct and stockholders were assessed. Some syndicated 'bank failures' lists claim the bank resumed on Nov. 15, but contemporary dispatches describe receivership and assessment, so the most supported classification is a suspension leading to permanent closure/receivership. OCR variants in names (M. J., J. M., I. A.) appear in the articles; I use M. J. Childs as most frequent.

Events (5)
1. November 7, 1874 Chartered
Source
historical_nic
2. October 21, 1898 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier M. J. Childs absconded; large embezzlement/shortage discovered (articles report $40,000 to $60,000 shortage).
Newspaper Excerpt
The closing of the First National Bank of Lisbon, O., has caused great excitement... The shortage of Cashier Childs has not yet been determined
Source
newspapers
3. October 22, 1898 Receivership
Newspaper Excerpt
This bank is in the hands of the Controller of the Currency. The examiner called at the bank... It was learned... Childs is an embezzler. There is great anxiety among depositors. assurance is given that obligations to them will be met.
Source
newspapers
4. November 3, 1898 Receivership
Source
historical_nic
5. January 13, 1899 Other
Newspaper Excerpt
Considerable excitement has been caused here among stockholders of the defunct First National bank by a notice from the comptroller of the currency requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by February 9, or the receiver will enter suit. Depositors are now getting anxious. The most conservative estimates of what the bank will pay depositors is from 50 to 75 per cent.
Source
newspapers

Newspaper Articles (21)
1. October 22, 1898 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, October 22, 1898

Click image to open full size in new tab

Article Text

TELEGRAPHIC BREVITIES. Notice of the voluntary assignment of the Pittsburg Ornamental Wire Company was filled o.day. Mr. Richard Croker and ex-Senator David B. Hill had a friendly meeting in New York last night and made plans for the campaigning up the State. Mrs. Nellie Maillard, a wealthy widow, who lives alone with her maid in an apartment house on west 65th street, New York, was robbed of $9.000 worth of jewelry this morning at the point of 8 revolver by a burglar who escaped. Several cases of rare coins in the parlor had been rifled and small objects of art on the walls taken. In all her loss amounts to $12,000. The closing of the First National Bank of Lisbon, o, has caused great excitement and there is a feverish unrest in business circles. The shortage of Cashier Childs has not yet been determined, but it is claimed that it is large. Childs was city and township treasurer and handled the funds of the United Presbyterian Church, of which he was a leading member. The public and church funds were deposited in the bank. Childs is supposed to have gone east. George Vetter, 23 years old. and Louis Lavigne, 16 years old, narrowly escaped being burned to death this morning in the basement of a Ninth avenue, New York, tin shop. They were engaged in melting solder in the cellar when it exploded. Vetter was knock down, and fire was started. Lavigne ran to bis companion's assistance and pulled him away from the flames. Both then attempted to get out of the cellar, by the basement stairs, but the flames had spread and their escape was cut off in that direction. They were almost overcome by smoke when rescued. The run on the Mechanics and Traders' Bank in New York continued this morning but it was partly offset by a line of depositors. some of whom had withdrawn their accounts only the day before. The bank will experience no trouble. It has been found that the bank had a debit balance of $201,000. It was satisfactorily shown that the bank was able to meet this and the clearings of all the banks were then completed without further incident. Because she refused to marry the man whom her guardian desired to wed, Lizzie Johnson, aged 18, an orphan, residing near Cottondale Ala., ran away from home yesterday Last night her body WAS found beside the railroad track with a bullet woond in the head. The girl was seen walking down the railroad track in company with her rejected lover, William Jackson. A sheriff's posse is in pursuit of Jackson, who is suspected of the crime. Mr. Lilburn T. Myers, chief of the inspec. tion division of the Postoffice Department, has tendered his resignation. Acting Postmaster General Heath has been asked to appoint Mr. James C. Cook, superindentent of the Railway Mail Service at Baltimore, to the vacancy which will be made by the retire. ment of Mr. Myers. One man was killed and eight injured by an explosion of boilers on the towboat Res. cue two miles above Elizabeth. Pa., on the Monongahels river late last night. The boat was completely wrecked and what remained of it sunk before rescuing parties from other boats resched the scene. President McKinley and party passed through Harrisburg, Pa, at 10:30 o'clock this morning on their way to Washington. There was no speechmaking there or at any other point along the route to-day. Judge Van Wyck. democratic candidate for Governor of New York, arrived at Buffalo today. He said: "All through the State the indications are strongly democratic."

2. October 23, 1898 Wheeling Sunday Register Wheeling, WV
Article from Wheeling Sunday Register, October 23, 1898

Click image to open full size in new tab

Article Text

CAUSED AN ASSIGNMENT. Lisbon, Ohio, October 22.-As one of the results of the suspension of the First National Bank here, D. C. Bower & Co., an extensive dry goods firm, made an assignment to-day. The head of the firm was on the bond of J. M. Child, the missing cashier, as treasurer of the city and township.

3. October 23, 1898 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, October 23, 1898

Click image to open full size in new tab

Article Text

Was $60,000 Short. Lisbon, Ohio, Oct. 22.-The national bank examiner has only made a partial inves. tigation of the affairs of the First Na. tional bank, but he finds that I. A. Childs. the absconding cashier, was $00,000 short in his accounts. Only $9,000 in currency was found in the vaults, though there were demand certificates for deposits for $80,000 on the books. To-day as a result of the suspension of the bank, D. C. Bower & Co., dry goods, made an assignment, with liabilities of $15,000.

4. October 23, 1898 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, October 23, 1898

Click image to open full size in new tab

Article Text

Result of a Bank Failure. LISBON, O., Oct. 22.-As one of the results of the suspension of the First National Bank here D. C. Bower & Co., an extensive dry-goods firm, made an assignment to-day. The head of the firm was on the bond of J. M. Child, the missing cashier, as treasurer of the city and township.

5. October 23, 1898 New-York Tribune New York, NY
Article from New-York Tribune, October 23, 1898

Click image to open full size in new tab

Article Text

BANK CLOSED AND CASHIER MISSING. DIRECTORS CONVINCED THAT THERE HAS BEEN AN EMBEZZLEMENT. Cincinnati, Oct. 22. - "The Commercial Tribune's" dispatch from East Liverpool says: There was great excitement in Lisbon yesterday, when the doors of the First National Bank of Lisbon were closed and the following sign displayed: "This bank is in the hands of the Controller of WILLIAM E. BODEN, the Currency. "National Bank Examiner." The examiner called at the bank on Thursday, and was courteously received by Cashier M. J. Childs, who, after a brief talk, turned him over to one of the clerks, and went out. saying that he was going to attend sale at a woolen mill. It was learned yesterday that he hired a man to drive him to Kensington. where he expected to take a Cleveland and Pittsburg train for the East. An invest:gation of the bank's affairs is now in progress. and enough has been discovered to convince the directors that Childs is an embezzler. There is great anxiety among depositors. but assurance is given that obligations to them will be met. The capital stock of the bank is $150,000 and resources $113,000. according to the last statement. Childs was township and city treasurer and treasurer of the United Presbyterian Church. The funds of these institutions are in the bank. He stood high in the community. Columbus, Ohio, Oct. 22.-A telegram to "The Dispatch" from Lisbon, Ohio, says: As one of the results of the suspension of the First National Bank here D. C. Bower & Co., an extensive drygoods firm, made an assignment to. day. The head of the firm was on the bond of M. J. Childs, the missing cashier, as treasurer of the city and township.

6. October 25, 1898 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, October 25, 1898

Click image to open full size in new tab

Article Text

Business Embarrassments. LISBON, O., Oct. 24.-As a result of the collapse of the First National Bank Alpheus Arter, one of the heaviest depositors, closed his harness manufacturing establishment to-day. About one hundred persons are thrown out of employment. There have been no further developments in the bank's affairs. It is thought the total loss will reach about $150,000. Nothing has been heard of Childs, the missing cashier. MILWAUKEE, Wis., Oct. 24.-Judge Seaman, in the United States Court to-day appointed Herman Erb receiver of the Appleton Water Works Company on a bona of $50,000. The appointment was made on motion of the Central Trust Company, of New York. Default in the interest on bonds was the cause of the proceeding. TURNER'S FALLS, Mass., Oct. 24.-The Marshall Paper Company, manufacturers of tissue and cigarette paper, assigned to-day because of dull trade. Its capital stock is $146,000. NEW YORK, Oct. 24.-Absolom P. Bachman, lumber dealer, has filed a petition in bankruptcy. Liabilities, $68,685.

7. November 2, 1898 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, November 2, 1898

Click image to open full size in new tab

Article Text

TELEGRAPHIC BREVITIES. The thirty-second annual convention of the American Institute of Architects is in session at Washington. The Commercial Hotel, City livery stable and a saloon at Oklahoma City, O. T., burned early yesterday. The guests had time to escape from the hotel. Frank B. Leefe, convicted with J. B. Wolfson of wrecking the Union National Bank of New Orleans, died in the parish prison in that city yesterday. The agent of W. O. B. MacDonough, owner of Ormonde, states that the Duke of Westminster's offer of $50,000 for that famous race horse has been declined. The affairs of the First National Bank of Lisbon, O., look more promising. It is now definitely determined that the snortage of Childs, the missing cashier, will not exceed $40,000. Depositors will be paid in full. R. T. Howell, an insurance agent of Bridgeport, O., was arrested at Wheeling yesterday at the instance of the West Virginia state auditor for issuing fire insurance policies of companies not authorized to do business in that State. Detective McVey, of Delaware, who is in California representing his State in the Botkin poisoning case, has engaged attorneys to look after the legal side of the case and an endeavor will be made to have the case carried to the Federal Court for settlement. The discovery has been made at Port Townsend, Wash., that some miscreant has defaced the two fifty-four-ton guns that are waiting to be placed in position at Marrowstone point by cutting names on the stem barrels with soap and acid. Suspicion rests on discharged workmen. Lambert Wilt, the absconding controller of the Bunglau Savings Bank, Bohemia, with his wife and aunt, were taken to Chicago yesterday from St. Louis, where they were arrested Monday night. They will be held in Chicago as prisoners to await instructions from Bohemia. In the United States Circuit Court at Springfield, III., yesterday, George Caruthers, William A. Sims and William T. Cox. of Waverly, filed a petition to have the bank of Waverly, at Waverly, III., adjudged bankrupt. The defendant made a general assignment Aug. 11. The liabilities are $300,000, with assets unknown. While hunting with four companions, near Irwin, Pa., Joe Boleti, an Italian coal miner, accidently discharged his weapon and some of the shot entered the body of John Macholi, another of the party. The accident frightened Boleti and he started to run, when without a word, Macholi raised his gun and shot him through the heart. The murderer is at large. Judge Thayer, of the United States Court of Appeals at St. Paul, yesterday reversed the decision in favor of the defendants, rendered by the lower court, in the case of the government against the Pine River Logging and Improvement Company, involving $487,000 worth of lumber alleged to have been wrongfully cut and removed from Indian reservations. John Hubbard and William Lamont, who are serving time in the Michigan State House of Correction, confided to three fellow-prisoners that a year ago last September they murdered and robbed Ludwig Herman, a veteran soldier, They will be held and tried for the crime, which has hitherto been a mystery, When visited by officers Hubbard and Lamont dented having made such a confession.

8. November 4, 1898 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, November 4, 1898

Click image to open full size in new tab

Article Text

General Notes. WASHINGTON, Nov. 3.-The President has appointed John C. Cline to be collector of customs for the district of Los Angeles, Cal., and Philip Mullen (acting boatswain) to be a boatswain in the navy. To-day's statement of the condition of the treasury shows: Available cash balance, $300,846,888; gold reserve, $240,677,463. A memorial prepared by Charles Henry Butler and others has been presented to the President, asking that this government call an international convention to consider the question of making private property free from capture on the high seas in time of war. The controller of the currency has appointed Isaac B. Cameron receiver of the First National Bank of New Lisbon, at New Lisbon, O. Albert Fox has been appointed a letter carrier for the rural free delivery service at Noblesville, Ind. The postmaster at Hammond, Ind., has been allowed three additional letter carriers, who will begin work Dec. 1. Postmaster General Emory Smith left here to-night for Wheeling, W. Va., where he will speak to-morrow night, proceeding thence to Cincinnati, where he will make his last speech of the campaign Saturday\night.

9. January 1, 1899 Marietta Daily Leader Marietta, OH
Article from Marietta Daily Leader, January 1, 1899

Click image to open full size in new tab

Article Text

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.

10. January 5, 1899 Mexico Weekly Ledger Mexico, MO
Article from Mexico Weekly Ledger, January 5, 1899

Click image to open full size in new tab

Article Text

HAPPENINGS OF 1090. A Chronological Array of the Most Prominent Events. STORY OF SPANISH-AMERICAN WAR. Brief Mention of Financial Failures, Startling Catastrophes and Crimes-Necrology of Year - Polities and Sport. BANK FAILURES. Jan. 17-State, Eimwood, III., $60,000. N-National, Paola, Kan., suspended, 31-First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 6-Home savings, Sioux City, Is, $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-Guarantore Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y. $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Vul.20-Coramercial state, Marshalltown, Ia. 21-German savings, Doon. Ia., $59,476. Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suepended). r 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. e 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., lia. bilities, $50,000. o Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tiogs national, of Oswego, N.Y. closed. e 19-First national of Neligh, Neb., liabilities $108,000 German national of Pitts. D burgh, Pa. liabilities, $7,000,000. 21-First national, of Lisbon, 0., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. d Nov. 5-First national, of Flushing, O, suepends. 16-First national, of Emporia, Kan, closed. President suicides an hour later. 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.

11. January 5, 1899 Iron County Register Ironton, MO
Article from Iron County Register, January 5, 1899

Click image to open full size in new tab

Article Text

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. -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, III $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. -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. -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. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.

12. January 6, 1899 The Iola Register Iola, KS
Article from The Iola Register, January 6, 1899

Click image to open full size in new tab

Article Text

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, 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, la. 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. 7-Fillmore county, Preston, Minn., $156,000 Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forgo, 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., Habil German national of Fitts ties $103,000 burgh, Pain 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., sus pends, 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., clease doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation.

13. January 7, 1899 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, January 7, 1899

Click image to open full size in new tab

Article Text

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.

14. January 12, 1899 The Beaver Herald Beaver, OK
Article from The Beaver Herald, January 12, 1899

Click image to open full size in new tab

Article Text

BANK FAILURES. Jan. 17-State, Elmwood, Ill. $60,000. 21-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., $10,000. 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-Commercialstate, 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, Aia. bank, $65,000. 26 3-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. 10 -First national of Neligh, Neb., liabilities $108,000 German national of Pitts 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., sus pends. -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.

15. January 13, 1899 Evening Star Washington, DC
Article from Evening Star, January 13, 1899

Click image to open full size in new tab

Article Text

BANK STOCKHOLDERS ASSESSED. Depositors in Defunet Lisbon, Ohio, Bank Become Anxious. LISBON, Ohio, January 13.-Considerable excitement has been caused here among stockholders of the defunct First National Bank by a notice from the controller of the currency, requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by February 9, or the receiver will enter suit. Some of the stockholders may be forced into bankruptcy. Depositors are now getting anxious. The most conservative estimates of what the bank will pay depositors is from 50 to 75 per cent.

16. January 13, 1899 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, January 13, 1899

Click image to open full size in new tab

Article Text

Call on Bank Stockholders. Lisbon. Ohio, Jan. 13.-Considerable excitement has been caused here among stockholders of the defunct First National bank by a notice from the comptroller of the currency requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by February 9 or the receiver will enter suit. Some of the stockholders may be forced into bankruptcy. Depositors are now getting anxious. The most conservative estimates of what the bank will pay depositors is from 50 to 75 per cent.

17. January 13, 1899 The Holly Chieftain Holly, CO
Article from The Holly Chieftain, January 13, 1899

Click image to open full size in new tab

Article Text

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.

18. January 13, 1899 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, January 13, 1899

Click image to open full size in new tab

Article Text

STOCKHOLDERS ASSESSED $100 a Share to Make Good Losses of a National Bank. Lisbon, O., Jan. 13.-Considerable excitement has been caused here among stockholders of the defunct First National bank by a notice from the comptroller of the currency requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by February 9 or the receiver will enter suit.. Some of the stockholders may be forced into bankruptcy. Depositors are now getting anxious. The most conservative estimates of what the bank will pay depositors is from 50 to 75 per cent.

19. January 14, 1899 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, January 14, 1899

Click image to open full size in new tab

Article Text

Stockholders Assessed. LISBON, O., Jan. 14.-Considerable excitement has been caused here among stockholders of the defunct First National bank by a notice from the comptroller of the currency, requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by Feb. 9, or the receiver will enter suit. Some of the stockholders may be forced into bankruptcy.

20. January 14, 1899 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, January 14, 1899

Click image to open full size in new tab

Article Text

Stockholders Pay the Freight. Lisbon, Ohio, Jan. 18.-Considerable excitement has been caused here among stockholders of the defunct First National Bank of a notice from the controller of the currency requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by February 9 or the receiver will enter suit. Some of the stockholders may be forced into bankruptcy. Depositors are now getting anxious. The most conservative estimates of what the bank will pay depositors is from 50 to 75 per cent.

21. February 16, 1899 The Stark County Democrat Canton, OH
Article from The Stark County Democrat, February 16, 1899

Click image to open full size in new tab

Article Text

LISBON'S SENSATION. New Phase of the Failed Bank Case. OVERDRAWN ACCOUNTS CHARGED. A Suit Filed In Court Against Bert B. Eells to Compromise a Claim-Rumor That Other Suits Are to Follow Against Prominent Lisbon People. LISBON, Feb. 14.-A petition was filed in the court of common pleas entitled: "In the matter of the receivership of the First National bank of New Lisbon, O., to compromise the claim against Bert B. Fells and to deliver a note, etc." The filing of the suit has created an immense sensation owing to reports that have been in circulation regarding overdrawn accounts in the broken bank. There are intimations that other suits of a like natura will follow against prominent Lisbon people. In the case filed the petitioner alleges that Bert B. Eells, one of the depositora of the bank, has at various times deposited large sums of money with the bank, and drawn at various times checks in favor of various persons, companies and corporations, which have been paid by the bank; that on Oct. 21, 1898, Bert B. Eells was indebted to the bank in the sum of $4, 598.75, which sum represented what are commonly called "overchecks." The receiver also files an affidavit by Fells in which he says that he is a mar+ ried man and has no real estate, and that his personal property amounts to $1,650.56, and that his present indebtedness is $7,723.28, and that he (Eells) has offered to pay the receiver by way of compromise the claim of $4,598.75 the sum of $700 cash. The receiver says further that there is a note of $1,200 in the bank signed "Bert B. Eells. per C," which in no wise affects the claim for overchecking, and which he is satisfied Fells never signed, DOI received anything of value on. The note is said to be in the handwriting of M. J. Childs, the absconding cashier. The receiver prays that the court examine into the matter and determine whether it is for the best interests of all persons concerned and of the creditors of the bank, and, if so, that then the court order and direct the receiver to make the compromise set out, and that the receiver deliver the note referred to to Fells and be relieved from all liability in the matter.