17114. Bellevue Bank (Bellevue, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 1, 1887
Location
Bellevue, Ohio (41.274, -82.842)

Metadata

Model
gpt-5-mini
Short Digest
acdddce3

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (early October 1887) report the Bellevue Bank of Bellevue, Ohio failed/suspended/assigned with liabilities ~ $100,000 due to poor investments and bad management. No article describes a depositor run; reports indicate failure/assignment and suspension leading to closure.

Events (2)
1. October 1, 1887 Other
Newspaper Excerpt
The Bellevue Bank ... assigned on the first with liabilities estimated at about $100,000.
Source
newspapers
2. October 1, 1887 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure caused by poor investments and bad management; liabilities about $100,000; depositors reportedly secured. Reports say the bank 'failed', 'suspended' and was 'assigned'.
Newspaper Excerpt
Great excitement exists in Bellevue, O., on account of the failure of the Bellevue Bank... The Bellevue Bank, at Bellevue, O., has failed, through bad management. ... The Bellevue Bank, at Bellevue, O., has suspended, with liabilities aggregating $100,000.
Source
newspapers

Newspaper Articles (7)
1. October 2, 1887 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, October 2, 1887

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TELEGRAPHIC BREVITIES. The Chicago wheat market closed steady yesterday. Cash 704, November 72), May 79 3 16. The New York weekly bank statement shows a reserve increase of $3,200,375. The banks now hold $9,017,000 in excess of the 25 per cent rule. At Pittsburg yesterday in the race between Johnston, the pacer, and Charley Hogan, the trotter, with a running mate, Hogan won easily in 2:11 1:13 and 2:16 Preparations are nearly completed for the formal opening on Monday at Chicago of the first really international military encampment ever held in the United States. Thomas A. Armstrong, editor and proprietor of the National Labor Tribune, the leading labor journal in the country, died last evening at Pittsburg from the effects of a wound received in the late war. Great excitement prevailed yesterday at Belleview, O., on account of the failure of the Belleview bank, caused by poor investments and bad management. The liabilities are about $100,000. The depositors lose nothing.

2. October 3, 1887 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, October 3, 1887

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GENERAL NEWS. J.J. Cox, of Bedford, N. Y., has taken the High Chamberlain Greek prize in Yale College. The Patron-Jay Eye See race, announced for Saturday at Chicago, was postponed until October 15th. Dwight L. Moody began a two weeks' series of revival services at Montreal yesterday. Great excitement exists in Bellevue, o., on account of the failure of the Bellevue Bank, one of the strongest institutions in Huron county. Three deaths from eholera were reported Saturday at New York. There are now thirteen cases on Swinburne Island, and all are getting along favorably. The Massachusetts Reform Club, at a neeting in Boston Saturday, passed resolutions endorsing President Cleveland's civil service policy. The Irving Hall sub-committee of 24 decided Friday night to advise supporting the New York State Democratic ticket, but opposing the county ticket. The counsel of Sarah Althea Hill are reviving memories of the great Sharon-Hill scandal of San Francisco by charging that Sharon tried to bribe a judge. Early yesterday morning the dead body of of Mrs. Frances Hawkins, a wealthy widow Hunter's Point, L. I., was found in the words north of Islip village. She had been murdered and robbed. Lorenzo Bohn, a railroad employe at North Adams, Mass., fell between the cars Saturday. Three pairs of freight trucks passed over his body, mutilating it horribly off all the limbs stopped a Fridirectly A and single cutting highwayman and stage head. near Ballinger, Tex., and robbed of about $2000. another stage day later its eight night, he robbed passengers bound An in hour the at the same the Irish in Saturday. He to and will here giving no no tending opposite Michael be New very interviewed, York, direction, quietly, Davitt, meetings. lectures spend leader, did place. his not and arrived want Hills time atA collision occurred on the Walnut cable road, in Cincinnati, last night. caused by a strand of cable breaking and winding it around the grip of the car. Two persons 40 were hurt, probably fatally, and 30 or were bruised. Two Indians have been arrested at Lesser Slave Lake, Northwest Territory, for shoot- dean old squaw that had gone mad and ing veloped murderous tendencies and cannibal- in ism. She was killed by the two men compliance with Indian superstition. Saturday the house of Nish Vitidage, chil- at Minn., was burned. Two little Tower, were burned to death. and Vitidage father dren since died from his injuries. The fire threw has one of the children back into the insane it had been rescued. He was after from the time of the fire until h death. The Volunteer-Thistle race was the Frank cause quarrel Friday night, between York, of a and Alfred Jones in New Jones, Runey resulted in Runey shooting the which fatally. Jones is fireman on alprobably steamer Umbria, and Runey, claims though Cunard he spells his name differently, comedian. to be a brother of Pat Rooney, the Three men and two boys were suffocated, Satthirteen others overcome, with Ashland' gas and in the Bast colliery, near urday, Pillars in the west mammoth gangway of Pa. way, bringing with it a large amount and rengave suffocated the workmen the dered gas which escape impossible. It is feared other thirteen McGhindley will die. is under arrest at Cleve- in J. H. O., charged with drawing pensions who land, of a large number of widows, died long the names found on investigation to have and is are McGhindley is an export forger estimated ago. several aliases. It is out of known he by has swindled the government that during the past eighteen years. $200,000 New Orleans Times-Democrat's "A report Brook The Miss., special says: Haven, here today of serious trouble about brew- 20 reached between negroes and whites, the line ing southeast of this place, near About 300 miles and Lawrence counties. and of Pike each color are under arms, left a men collision of is feared. Several white trouble. men here today for the scene of the Johnson, treasurer of the who Hamil- deSamuel Powder Company of Mentreal, was arton few days ago, and who faulted at a Ogdensburg. N. Y., while managed being rested back on Saturday night, Monthe officers a few miles to morning his dead brought elude Sunday from body was and found treal. with a bullet hole behind his ear, pistol by his side. It is a afflictions caused both the tions and suicide. family discharged defalca- thought telegraph operators in the various the enThe offices are excited over in New of a number of Mitkiewiez-Barker Barand telephone Philadelphia gagement York by the syndicate. operators Chinese E. telan old operator. who berie, and the Chinese egraph from Mitkiewiez recently expected returned legation, in is hiring the men, is and in a few days, awaiting his Philadelphia who anxiously and arrival. many $200 oper- The per ators are it is said, is offering for good month syndicate, and free passage to China operators.

3. October 3, 1887 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, October 3, 1887

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TELEGRAPHIC BREVITIES. Destructive forest fires are raging in the vicinity of Gaspe, Canada. Vast tracts of the finest pine timber have been burned. Mr. Bell, the owner of the Thistle, has consented to enter the cutter in a regatta in which the Puritan, Priscilla and Atlantic will take part. The lawyers of the condemned Anarchists on Saturday began the preparation of their petition to the United States Supreme Court for a writ of error. Rev. Henry Clemens, a Free Methodist preacher, of Millersburg. O., placed the muzzle of a shotgun in his mouth. sprung the trigger with his foot, and blew off the top of his head. Hon. Thomas W. Armstrong, editor and proprietor of the National Labor Tribune, the leading labor journal of the country, died in Pittsburg on Saturday evening from the effects of a wound received in the late war. At Pittsburg, on Saturday, the pacer Johnston was matched against Charley Hogan, the trotter, the latter to go with a running mate. Hogan won in three straight heats, the time of the first being 2:11 The track was very heavy. The Bellevue bank, at Bellevue, O., has failed, through bad management. Depositors are secure. Other lia bilities amount to $100,000. No statement of assets is given. The failure will cause the suspension of the Bellevue Milling Company. A special from Escanaba, Mich., says: News has just been received of a serious accident on the Soo road. near Gladstone. A work-train. in backing down, struck a cow and derailed the train. The conductor and a brakeman were killed and several others injured. A number of Knights of Labor delegates, en route to Minneapolis, called at the jail in Chicago, on Saturday, and assured the condemned Anarchists that they would support a resolution, in the General Assembly, condemning the action of the Supreme Court in their case. Judge Terry, late counsel and present husband of the notorious Sarah Althea Hill-Sharon, has filed an affidavit in the Supreme Court of California. setting forth that one of the counsel for the defensein the late suit against Sharon's executors offered to Judge Sullivan a check signed in blank to influence his decision in the case. The giving away of a pillar in the Bost colliery, at Ashland, Pa., permitted the entrance of a great amount of gas into a gangway where a large number of men were at work. Frederick Outrich, John Cochran, John McDonald, John Gulliam and Park Fully were suffocated, and thirteen others so overcome by the effects of the gasthat it is feared several of them will die. Recently two parties of Crow Indians from the reservation near Fort Shaw made a raid north, capturing a lot of ponies trom the Piegans and Curlians. On returning. they had on their war-paint, and defied arrest by the authorities. TrooDs have been sent to the agency, but are powerless to act under the recent laws providing that process against Indians shall be executed in the same way as against whites. Near New Portage, Summit county, Ohio, Washington Richard and a companion named Snyder, while felling timber on the farm of John Warren, found in the hollow of a tree several thousand dollars in bank notes, gold and silver coin. It 18 thought to have been placed there by a miserly farmer named Trachsback, who occupied the farm fifteen years ago. It is intimated that Warren, the present owner of the farm, will sue for a divide. The officers of the Detroit City Railway Company, believing that they were being swindled by a combination between conductors and drivers on their Congress and Baker-street line, discharged a number of conductors and drivers on Saturday afternoon, and as a result the discharged men, after dark, began a systematic assault upon the men who had supplanted them, derailing cars, etc. The police were called on. and put a stop to further outrages. The company also discharged the superintendent of the line for not having discovered and stopped the leakage.

4. October 5, 1887 The True Northerner Paw Paw, MI
Article from The True Northerner, October 5, 1887

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Minor Telegrams. PARIS rumors say that the sister of Mrs. Bonanzv Mackay, who some time ago married Count Telpener, has finally separated from that ornament of society. A MONTREAL dispatch reports that Samuel Johns on, the defaulting treasurer of a powder company in that city, was persuaded to return from Ogdeasturg, N. Y., and when near Montreal jumped from the train and shot Limse f. Manitoba's wheat crop is said to be in exC388 of the most liberal estimates. GREAT excitement exists at Bellevue, Ohio, on account of the failure of the Bellevue Bank at that place. The failure was caused by poor investments and bad managements. The liabilities are about $100,000. The depositors are made secure and will lose nothing. The failure will result also in the suspension of the Bellevue Milling Company.

5. October 6, 1887 Iron County Register Ironton, MO
Article from Iron County Register, October 6, 1887

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LATE NEWS ITEMS. PRESIDENT AND MRS. CLEVELAND and party arrived in St. Louis at midnight on the 1st, and were received in the most enthusiastic manner by the thousands who had gathered along Washington avenue, through which the party drove to the residence of Mayor Francis. The avenue was beautifully illuminated in their honor. On the 2d the distinguished couple attended divine service at the Second Presbyterian Church. SCOTCH yachtsmen are already planning to build a new yacht with which to compete next year for the America's cup. THE public debt was reduced during September $14,247,969. GLANDERS is reported as prevailing to an alarming extent on the Crow reservation. SECRETARY BALFOUR seems determined to completely muzzle the Irish Nationalist press. BINNS, the English public executioner, is coining money by giving exhibitions of public executions on the stages of theaters throughout the country. He uses wax figures, and his show is accompanied by all the usual accessories of a genuine hanging. HON. JAMES G. BLAINE arrived in Lyons, France, on the 30th, and left on the 1st for Paris, where he expected to be joined by Messrs. Hale, Garrett and other gentlemen. He will next visit Berlin. SAMUEL JOHNSON, treasurer of the Hamilton (Ont.) Powder Company, was arrested at Ogdensburg, N. Y., on the 1st, whither he fled after having defaulted to the extent of $25,000, which he lost through injudicious speculation. THREE men and two boys were suffocated, and thirteen others overcome with gas is the Bost colliery at Ashland, Pa., on the 1st. THE President and party were given an enthusiastic reception during their stay of a few hours at Indianapolis, Ind., on the 1st. An enthusiastic drummer presented the chief magistrate with a Waterbury watch. HON. THOMAS A. ARMSTRONG, proprietor of the National Labor Tribune, died at Pittsburgh, Pa,, on the evening of the 1st, from the effects of a wound received in one of the battles of the war. THE Detroits are now sure winners of the League pennant, with Chicago and Philadelphia fighting for second place, the latter club being only seven points behind Chicago. Cincinnati will be second in the Association. WHILE cutting down a tree on the farm of John Warren at New Portage, O., Washington Reichard and a companion named Snyder found several thousand dollars in gold and bank notes hidden in the hollow. ALBERT HAMM, the oarsman broke one of his arms on the 1st while practicing on a tricycle. THE Bellevue Bank, at Bellevue, O., has suspended, with liabilities aggregating $100,000.

6. October 6, 1887 The Stark County Democrat Canton, OH
Article from The Stark County Democrat, October 6, 1887

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FAILURE AT BELLEVUE. BELLEVUE, 0, ong established dry goods firm of Boyer & Eichhorn assigned this morning to H. B. Acker. The failure is reported to have been caused by the failure of the Bellevne Bank, in which they were interested. Assets and liabilities are not yet known.

7. October 7, 1887 The Kenosha Telegraph Kenosha, WI
Article from The Kenosha Telegraph, October 7, 1887

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ber of the Inter-State Commerce Commission, has been granted a pension of twelve dollars per month as a soldier of the Mexican war. AN express train struck a carriage containing Mrs. Susan Bell and Mrs. E. W. Henderson, both aged ladies, near Columbus, 0., on the 30th ult. and killed them both. FRED MUNCHRATH, JR., convicted recently at Sioux City, Ia., of the murder of Rev. George Haddock, was sentenced on the 30th ult. to four years in the penitentiary. FIRE destroyed the steamer T.B. Sims on the 30th ult. near Memphis, Tenn, and three lives were lost. AT Nacogdoches, Tex, Joe Adams (colored) was lynched on the 1st for the killing of Joseph B. Looney recently. THOMAS A. ARMSTRONG, one of the most prominent labor leaders in the United States expired on the 1st at Pittsburgh, Pa., aged forty years. He was editor of the Lebor Tribune. Two WOOD-CHOPPERS at New Portage, 0., on the 1st found ten thousand dollars in an old log, which had been placed there fifteen years ago by an old miser named Jacob Trackback, who has since died. THE President and Mrs. Cleveland reached St. Louis in ety on the night of the 1st. The greater part of the day was taken up with a parade and public reception at Indianapolis. THE wholesale liquor firm of H. Webster & Co., of New York, failed on the 1st for $200,000. THE Dutton & Mitchell barns at Mitchell, D. T., were burned on the 2d and nineteen horses, including Ben Lee, the famous running horse, perished in the flames. THE Bellevue Bank of Bellevue, O., assigned on the first with liabilities estimated at about $100,000. IN a fire in a Detroit lodging-house three persons lost their lives on the 1st. IN the Springfield (III.) district coal miners to the number of fifteen hundred struck on the 1st for an advance in wages. REV. HENRY CLEMENS, a Free Methodist preacher, while suffering with temporary insanity, committed suicide on the 1st near Millersburg, O., by shooting himself. NEAR Madison, Ga., Aleck Morris (colored), took revenge upon his wife on the 3d because she refused to live with him by killing her and her father and mother. THE report made by the Utah Commission on the 3d shows that since the passage in 1882 of the Edmunds law 541 persons have been indicted in Utah for unlawful cohabitation and 289 were convicted. THE Indiana Baptists convened at Peru on the 3d in the fifty-fifth annual State convention. PRESIDENT CLEVELAND and his wife held a public reception on the 3d at the Lindell Hotel, and for three hours hand-shaking was in order. The President and Mrs. Cleveland also visited the fair-grounds, and in the evening went to the exposition, and also witnessed a monster street parade. WILLIAM WELCH, a Minneapolis (Minn.) lawyer, was indicted on the 3d for libeling Postmaster-General Vilas. Welch charged in an article in the Home Diary that Vilas wrecked the Madison Fire Insurance Company. THE Knights of Labor convened at Minneapolis on the 3d in General Assembly. THE schooner City of Green Bay, of Chicago, went to pieces in the terrible gale that swept across Lake Michigan on the 3d, and out of a crew of six men only one was saved. The schoon r Havana was also wrecked and three lives were lost. Both disasters occurred nearSt. Joseph, Mich. ON the 3d the International Military Encampment in Chicago was formerly opened, and will continue until October 20. BY an explosion on the 3d in the eugineroom of the George F. Plant Milling Company's flouring mill in St. Louis four men were killed outright and one badly injured.