Article Text
Banking Company Suspends. CLEVELAND, Aug. 17.-The Cardington Banking company at Cardington closed its doors yesterday. The assets approximate $100,000 and are said to be sufficient to meet the demand of the creditors.
17160. Cardington Banking Company (Cardington, OH)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- August 16, 1893
- Location
- Cardington, Ohio (40.501, -82.894)
Metadata
- Model
- gpt-5-mini
- Short Digest
9aa0a7d2
Response Measures
None
Description
Multiple contemporaneous newspaper reports (Aug 16–17, 1893) state the Cardington Banking Company 'closed its doors' or 'suspended.' Reports mention the president Major W. G. Beatty made an assignment, indicating bank-specific insolvency and a permanent closure rather than a temporary suspension and re-opening. No articles describe a depositor run or reopening.
Events (2)
1.
August 16, 1893
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- President Major W. G. Beatty was obliged to make an assignment; bank could not weather trouble brought on by his embarrassment (bank-specific insolvency).
- Newspaper Excerpt
- The Cardington Banking Company, at Cardington, O., closed its doors this afternoon.
- Source
- newspapers
2.
August 17, 1893
Other
- Newspaper Excerpt
- The Cardington Banking company at Cardington closed its doors yesterday. The assets approximate $100,000 and are said to be sufficient to meet the demand of the creditors. The President of the bank, Major W. G. Beatty, was obliged to make an assignment, and the bank could not weather the trouble brought on by his embarrassment.
- Source
- newspapers
Newspaper Articles (8)
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Suspended Banks Reopen Their Doors. KANSAS CITY. Aug. 16. - The Armourdale Bank at Armourdale. which suspended business in the financial crash in the two Kansas cities one month ago yesterday. has reopened its doors and resumed business. FORT SCOTT, Kan., Aug. 16-The First National Bank of this city. which suspended on July 18, resumed business this morning. Bank Examiner Latimer of Sedalia. who has been in charge since it closed. has issued a notice to depositors saying that the institution is in good financial condition. WASHINGTON. Aug. 16.-The First National Bank of Rico, Col., which suspended payment June 30. 1893. having complied with the conditions imposed by the Comptroller of the Currency. and its capital stock being unimpaired. has been permitted to-day to reopen its doors for business. CLEVELAND. Aug. 16.-The Cardington Banking Company. at Cardington. O., closed its doors this afternoon. Theassets approximate $100. 000 and are said to be sufficient to meet the demands of the creditors. The President of the bank. Major W. G. Beatty. was obliged to make an assignment. and the bank could not weather the trouble brought on by his embarrassment. CARROLLTON. Pa.. Aug. 16.-The banks of Johnston. Bucks county. at Ebensburg. Carrollton. and Hastings. which suspended payments until they could get more money. will open again on Monday morning.
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More Banks in Trouble. Hudson, Wis., August 17.-The bank of River Falls and the Bank of Ellsworth have suspended. Sheboygan, Wis., August 17-The Forest Venner Sealing company has assigned. Liabilities $100,000. Cleveland, Ohio, August 17.-The Cardington Banking company has suspended.
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A CONVENTION of the Pan-American Bimetallis association will be held in St. Louis on October 3 next. A CYCLONE near Humboldt, Neb., did great damage and Mrs. G. Schultz and her son were fatally injured and horses and cattle were killed. THE Union national bank at Racine and the banks at River Falls and Ellsworth, in Wisconsin, closed their doors. The private bank of Levi Hall at Oswego, III., and the Cardington Banking company at Cardington, O., also suspended. A BLAZE in St. Paul did $100,000 damage to the music house of W. J. Dyer & Bro. and Michael Clenan, a fireman, was killed. INTERPRETER YOSHIKAWA and Commissioner Minano, Japanese representing their government at the world's fair, have been converted to Christianity. THE impeachment of President Cleveland and Secretary Carlisle is demanded by the Advocate, the organ at Topeka of the Kansas populists, for failure to purchase the prescribed quantity of silver in July. THREE cars were dropped 60 feet by the giving way of a bridge near Milton, Va., and seven persons were killed and four injured. THE First national bank at Dubuque, Ia., the bank at Albany, Mo., and the Kendall county bank at Yorkville, III., closed their doors. MARTIN SCHULTZ and -his wife, an aged couple living near Cherokee, Ia., were murdered and their home ransacked by robbers. THE doors of the National bank of commerce at Denver, Col., have reopened for business. IN Cincinnati the Standard Wagon company, one of the largest concerns of the kind in the west, failed for $700,000; assets, $1,200,000. By a collision on the Chicago, Milwaukee & St. Paul railroad near Dubuque, Ia., twelve persons were injured THE death of John Logan Chipman, member of congress from the First district of Michigan, occurred at his home in Detroit, aged 63 years. THE Nebraska democrats will hold their convention at Lincoln October 4. IN a fit of anger Cyrus Brown, of Cincinnati, shot and killed his wife, to whom he had been married thirty years. VIRGINIA democrats in convention at Richmond nominated Charles T. O'Ferrall for governor and R. C. Kent for lieutenant governor. THE four banks in Le Mars, Ia., suspended. They were the First national and Le Mars national, with a capital of $100,000 each, and the Le Mars state and German savings banks. DRINKING water from an impure well caused the death of three children of J. L. Casey, of Little Rock, Ark., and the rest of the family were seriously ill, A TRACTION engine near Martin's Ferry, o., became unmanageable and ran backward down a hill, killing Carrie and Nellie Ackerman, aged 5 and 11 years, respectively, and fatally injuring Ella King. A FIRE at Benton, III., destroyed the city hall, post office and the Chronicle office. J. S. JOHNSON made 3 miles in 7:55% in a bicycle race at Minneapolis, lowering the record 15 1/4 seconds. BUSINESS has been resumed by the First national bank of Anthony, Kan., which suspended payment in July. A MOB wear Morganfield, Ky., lynched Charles Watson, a negro who cut the throat of little Sam Keith, 10 years old, to secure four dollars. WILLIAM J. JAMISON (colored), who murdered Supervisor Charles N. Aaron April 19, 1892, was hanged at Quincy, III. This was the third hanging in Quincy in sixty-five years. WITHIN ten days twenty members of the Meacham gang have been killed near Jackson, Ala., and five others were surrounded, but escaped.
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WEST AND SOUTH. AT Goodland, Kan., a hailstorm wrecked several buildings and fatally injured a man named Wood and his two sons. IN St. Paul C. 0. Rice & Co., dealers in carpets and wall paper, made an assignment with liabilities of $112,000. FLAMES destroyed the Tubbs hotel at East Oakland, Cal., the loss being $200,000. IN convention in Des Moines the Iowa republicans nominated Frank D. Jackson, of Des Moines, for governor; W. S. Dungan, of Chariton, for lieutenant governor; G. S. Robinson, of Storm Lake, for supreme judge; J. W. Luke, of Hampton, for railroad commissioner, and Henry Sabin, of Des Moines, for superintendent of public instruction. The platform approves the administration of Benjamin Harrison; favors maintaining both gold and silver as unlimited legal tender for the payment of debt. every dollar to be of equal value; opposes state bank money; says the pension system now in practice is a menace to the honor of the brave and deserving national defenders, and declares in favor of local option. A CONVENTION of the Pan-American Bimetallic association will be held in St. Louis on October 3 next. A CYCLONE near Humboldt, Neb., did great damage and Mrs. G. Schultz and her son were fatally injured and horses and cattle were killed. THE Union national bank at Racine and the banks at River Falls and Ellsworth, in Wisconsin, closed their doors. The private bank of Levi Hall at Oswego, III., and the Cardington Banking company at Cardington, 0., also suspended. A BLAZE in St. Paul did $100,000 damage to the musie house of W. J. Dyer & Bro. and Michael Clenan, a fireman, was killed. THE doors of the National bank of commerce at Denver, Col., have reopened for business
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Article Text
A CONVENTION of the Pan-American Bimetallis association will be held in St. Louis on October 3 next. A CYCLONE near Humboldt, Neb., did great damage and Mrs. G. Schultz and her son were fatally injured and horses and cattle were killed. THE Union national bank at Racine and the banks at River Falls and Ellsworth, in Wisconsin, closed their doors. The private bank of Levi Hall at Oswego, Ill., and the Cardington Banking company at Cardington, O., also suspended. A BLAZE in St. Paul did $100,000 damage to the music house of W. J. Dyer & Bro. and Michael Clenan, a fireman, was killed. INTERPRETER YOSHIKAWA and Commissioner Minano, Japanese representing their government at the world's fair, have been converted to Christianity. THE impeachment of President Cleveland and Secretary Carlisle is demanded by the Advocate, the organ at Topeka of the Kansas populists, for failure to purchase the prescribed quantity of silver in July. THREE cars were dropped 60 feet by the giving way of a bridge near Milton, Va., and seven persons were killed and four injured. THE First national bank at Dubuque, Ia., the bank at Albany, Mo., and the Kendall county bank at Yorkville, Ill., closed their doors. MARTIN SCHULTZ and his wife, an aged couple living near Cherokee, Ia., were murdered and their home ransacked by robbers. THE doors of the National bank of commerce at Denver, Col., have reopened for business. IN Cincinnati the Standard Wagon company, one of the largest concerns of the kind in the west, failed for $700,000; assets, $1,200,000. By a collision on the Chicago, Milwaukee & St. Paul railroad near Dubuque, Ia., twelve persons were injured THE death of John Logan Chipman, member of congress from the First district of Michigan, occurred at his home in Detroit, aged 63 years. THE Nebraska democrats will hold their convention at Lincoln October 4. IN a fit of anger Cyrus Brown, of Cincinnati, shot and killed his wife, to whom he had been married thirty years. VIRGINIA democrats in convention at Richmond nominated Charles T. O'Ferrall for governor and R. C. Kent for lieutenant governor. THE four banks in Le Mars, Ia., suspended. They were the First national and Le Mars national, with a capital of $100,000 each, and the Le Mars state and German savings banks. DRINKING water from an impure well caused the death of three children of J. L. Casey, of Little Rock, Ark., and the rest of the family were seriously ill. A TRACTION engine near Martin's Ferry, O., became unmanageable and ran backward down a hill, killing Carrie and Nellie Ackerman, aged 5 and 11 years, respectively, and fatally injuring Ella King. A FIRE at Benton, Ill., destroyed the city hall, post office and the Chronicle office. J. S. JOHNSON made 3 miles in 7:15% in a bicycle race at Minneapolis, lowering the record 15 1/4 seconds. BUSINESS has been resumed by the First national bank of Anthony, Kan., which suspended payment in July. A MOB near Morganfield, Ky., lynched Charles Watson, a negro who cut the throat of little Sam Keith, 10 years old, to secure four dollars. WILLIAM J. JAMISON (colored), who murdered Supervisor Charles N. Aaron April 19, 1892, was hanged at Quincy, Ill. This was the third hanging in Quincy in sixty-five years. WITHIN ten days twenty members of the Meacham gang have been killed near Jackson, Ala., and five others were surrounded, but escaped. FOREIGN INTELLIGENCE. THE decision rendered in Paris by the court of arbitration on the subject of the dispute between the United States and Great Britain as to the rights of seal fishing in Behring sea was in favor of Great Britain on every point of real dispute. A STORM wrecked a fishing boat in the Baltic off Hapsal, Russia, and many boats floundered and seventeen persons were drowned. BY the capsizing of a boat in Carrigaholt bay seventeen of an excursion party from Kilkee, Ireland, were
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ITALIANS were not allowed to work on the new sewers at Denver, Col. ONE hundred employes of the Chicago & Erie railroad have been laid off at Huntington, Ind. THE Missouri Pacific will fight the payment of the increased taxation in Kansas. THE Atchison has given notice of withdrawal from the Southwestern association. THE lines of the Western Passenger association will try a week of straight one-fare-round-trip rates to the world's fair in the near future. THE arrest of a tramp at Logansport, Ind., disclosed the existence of a thorough organization of thieves. THE striking world's fair chair pushers have issued an appeal to fellow college students not to take their places. MICHAEL CLOONAN, of the St. Paul fire department, was killed at a fire in that city the other night. IOWA republicans nominated F. D. Jackson for governor and adopted an anti-prohibition plank in the platform. Much comment was caused. A MAIL carrier from Laconia, Ind., says the report that Bill Conrad was killed was false. HENRY HUTCHINGS, of San Francisco, was in Chicago making inquiries into the death of his father, which occurred there and who is supposed to have left a valuable estate. THE Cardington Banking Co., at Cardington, O., closed its doors. The assets approximate $100,000 and are said to be sufficient to meet the demands of the creditors. THE Union National bank, of Racine, Wis., closed its doors. The capital is $150,000 and the total resources $893,000. IN order to increase the circulation and provide a means for moving the crops of the northwest the banks of Minneapolis and St. Paul are formulating a plan by which certified checks shall circulate as money. THE First national bank of Rice, Col., which suspended in June, having complied with the conditions imposed by the comptroller, has been allowed to begin business again. THE International Union of Carriage and Wagon Workersat Chicago adopted a resolution indorsing Gov. Altgeld's action in pardoning the anarchists. THE official report of the receiver of the Indianapolis national bank makes a case of perjury against the officials who signed the last statement of the bank's condition. AN appeal of the Lafayette opera house riot case has been filed in the supreme court at Indianapolis. A FAMILY of nine persons were poisoned by drinking from an Indiana well. Three of them cannot recover. THE First national bank of Dubuque, Ia., suspended. It was one of the oldest institutions in the city and had a capital of $200,000. CoL. BRENNAN, who led the mob in the recent Denver lynching, has been arrested. THERE is considerable excitement in Iowa over the action of the republican convention in regard to prohibition, and some papers are demanding a citizens' convention. AT the world's peace congress at Chicago telegrams were sent to Queen Victoria and President Cleveland congratulating them upon the outcome of the Behring sea arbitration. JEFFERSON HANKINS, the well known Chicago horeman, died suddenly of paralysis of the heart. Two robbers boarded the 'Frisco train near St. James, Mo. They compelled the messenger to open the safe. After taking the contents they pulled the bell cord and escaped when the train stopped. THE street car employes of Superior, Wis., struck, owing to a 20 per cent. cut in wages. THEGerman-American national bank, of St. Paul, which suspended a few days ago, will resume business just as soon as the necessary formalities can be complied with. A BILL to foreclose a mortgage of $14,668 was filed against the company owning the John Brown fort which was recently taken to Chicago for exhibition. The bill alleges that the exhibition has been a failure. THE San Francisco Examiner says that the attacks on Chinese are due to the government not enforcing the Geary law. ROBERT KINCAID, the missing exbanker of Mound City, Kan., has returned. He denied any intention of acting dishonestly by his creditors. DAN ARATA, the Denver saloonist and murderer recently lynched by a mob, was leader of a gang of Italian counterfeiters. ST. PAUL and Minneapolis publishers are talking of reduced prices for type-
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WEST AND SOUTH. IN convention in Des Moines the lowa republicans nominated Frank D. Jackson, of Des Moines, for governor; W. S. Dungan, of Chariton, for lieutenant governor; G. S. Robinson, of Storm Lake. for supreme judge; J. W. Luke, of Hampton, for railroad commissioner, and Henry Sabin, of Des Moines, for superintendent of public instruction. The platform approves the administration of Benjamin Harrison; favors maintaining both gold and silver as unlimited legal tender for the payment of debt. every dollar to be of equal value; opposes state bank money; says the pension system now in practice is a menace to the honor of the brave and deserving national defenders, and declares in favor of local option. A CONVENTION of the Pan-American Bimetallic association will be held in St. Louis on October 3 next. A CYCLONE near Humboldt, Neb., did great damage and Mrs. G. Schultz and her son were fatally injured and horses and cattle were killed. THE Union national bank at Racine and the banks at River Falls and Ellsworth, in Wisconsin, closed their doors. The private bank of Levi Hall at Oswego, III., and the Cardington Banking company at Cardington, O., also suspended. A BLAZE in St. Paul did $100,000 damage to the music house of W. J. Dyer & Bro. and Michael Clenan, a fireman, was killed.