Mercantile National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 1300
Charter Number: 1300
Start Date: June 18, 1897
Location: Hartford, Connecticut (41.764, -72.685)

Metadata

Model: gpt-5-mini
Short Digest: fe68e1ec

Response Measures

None

Description

Article (Indianapolis Journal, 1897-06-18) states the Mercantile National Bank of Hartford will go out of business with liabilities slightly exceeding assets. No run is mentioned; wording indicates the bank is closing (voluntary wind-up or insolvency) rather than reopening. No receiver explicitly named in the excerpt.

Events (3)

1. June 17, 1865 Chartered

Source: historical_nic

2. June 18, 1897 Suspension

Cause: Voluntary Liquidation
Cause Details: Article states the bank 'will go out of business' with liabilities slightly exceeding assets; implies voluntary winding up or insolvency rather than a depositor run or government closure.
Newspaper Excerpt: The Mercantile National Bank of Hartford, Conn., will go out of business. The liabilities, including capital of $500,000, aggregate about $1,015,000, and the assets amount to $1,012,000.
Source: newspapers

3. July 20, 1897 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. June 18, 1897 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, June 18, 1897

Click image to open full size in new tab

Article Text

TELEGRAPHIC BREVITIES. Friends of the Hon. William M. Evarts contradict the published reports that he critically ill. The American Bell Telephone Company has declared a dividend of $3 regular and $1.50 extra, payable July 15. The New York Clothing Cutters' Mutual Protective Association is about to capitulate to the striking tailors. A settlement is looked for Monday. At Wapakoneta, O., yesterday, Peter Taber was instantly killed by lightning and his residence destroyed by fire. His wife and children were seriously shocked. Colonel Henry Kissinger, of Dayton, was elected department commander of the Ohio G. A. R. Wednesday. Retiring Commander J. F. Mack was indorsed for national commander. The passengers of the Panama Railroad steamer Advance, who have been detained at Hoffman island, New York, since last Friday owing to the presence of yellow fever on the steamer was discharged Wednesday. The whereabouts of Louis F. Menage, the defaulting president of the defunct Northwestern Guaranty Loan Company, of Minneapolis, has again been disclosed. He now living with his family in the City of Mexico under his own name. The jury in the case of the Waters-Pierce Oil Company, charged at Austin with violation of the Texas anti-trust law, has brought in a verdict for the State, canceling the company's permit to do business in Texas. The defendant will appeal. The Grand Lodge of the Free Sons of Israel adjourned at Chicago yesterday to meet in 1902 at Boston. The only business transacted yesterday was the installation of the new officers for the next five years. Judge Stein, of Chicago, was the installing officer. At yesterday's session of the general convention of metal polishers and brass workers, at Erie, Pa., a penalty of $2 was fixed on members found purchasing nonunion products, and 30 cents an hour was fixed as the minimum price of labor under the eight-hour system. The members of the New York Republican county committee met last night and adopted Chairman Quiggs's plan for the revision and purging of the rolls. A olution was also adopted denouncing the movement to "force" the candidacy for mayor upon Seth Low. "Spike" Sullivan, of Boston, is anxious to bring about a match between his brother Dave and Jimmy Barry, of Chicago, to decide who is the hundred-and-fifteenpound champion of America. "Spike" has placed $1,000 in the hands of Al Smith bind a contract between the two lads. The Mercantile National Bank of Hartford, Conn., will go out of business. The liabilities, including capital of $500,000, ag. gregate about $1,015,000, and the assets amount to $1,012,000. The bank was or. ganized in 1854 and did a state banking business until 1865, when it became a national bank. The decomposing body of a burglar, shot by Henry H. Barber at Minneapolis three weeks ago has been found in a vacant lot five blocks from Barber's house. The features were past recognition, but these words were found scribbled in a memorandum book: "My name is Frank Reed. My home is in Jacksonville, Fla." Nicholas Curtis, vice president of the Anderson-Harris Carriage Company, of Cincinnati, Wednesday petitioned court for a receiver. The capital stock is $100,000 The petition says no dividends have been paid for seven years and the company in arrears for taxes. Other stockholders opposed the application for a receiver. Two months ago the outlook for lake bus. iness at Cleveland for this season was bious. A strong change for the better has now come Since that time 7,000,000 tons of iron ore have been sold, 2,000,000 of which have been sold during the last two weeks. Sales are continuing briskly. This means busy season for all the boats except a few small ones. Frank R. Campbell, formerly a prominent Chicago Board of Trade operator, commit-