17221. Commercial National Bank (Cincinnati, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1185
Charter Number
1185
Start Date
June 24, 1895
Location
Cincinnati, Ohio (39.103, -84.515)

Metadata

Model
gpt-5-mini
Short Digest
5e03d343

Response Measures

None

Description

Multiple papers (June 24–29, 1895) refer to the recently suspended Commercial National bank in Cincinnati. Articles do not describe a depositor run; they link suits, a director's exposure and heavy borrower litigation to the bank's suspension, suggesting bank-specific adverse information led to the suspension. The reporting does not state reopening; I classify as suspension_closure but note permanent closure/receivership is not explicitly reported in these clippings.

Events (3)

1. May 26, 1865 Chartered
Source
historical_nic
2. April 28, 1868 Voluntary Liquidation
Source
historical_nic
3. June 24, 1895 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suits brought relating to the bank; a director (Specker) and heavy borrower (Hellebush) involved in litigation, injuring credit and linked to the bank's suspension in reports; precipitated failures and assignments of connected firms.
Newspaper Excerpt
the recently suspended Commercial National bank
Source
newspapers

Newspaper Articles (10)

Article from The Anaconda Standard, June 25, 1895

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Article Text

He Assigned. Cincinnati, Ohio, June 24.-John B. Specker, doing business as Specker Bros. & Co., wholesals dry goods, assigned to-day to Adam Kramer. The assignment is the direct result of injary to his credit because of his relations with the recently suspended Commercial National bank. Suits have been brought against him on that account. His assets are said to be $750.000, with liabilities less, though not definitely ascertained.


Article from The Herald, June 25, 1895

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Article Text

Failure of a Cincinnati Firm CINCINNATI, June 24.-John B. Specker, doing business as Specker Bros. & Co., wholesale dry goods, assigned today to Adam Kramer. The assignment is a direct result of injury to his credit because of his relations with the recently suspended Commercial National bank. Suits have been brought against him on that account. His assets are said to be $750,000, with liabilities less, though not definitely ascertaned.


Article from The Providence News, June 25, 1895

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Article Text

# Heavy Dry Goods Failure. CINCINNATI, June 25.-John B. Specker, doing business as Specker Bros. & Co., wholesale dry goods, assigned yesterday. The assignment is a direct result of his relations with the recently suspended Commercial National bank. His assets are said to be $750,000, with liabilities less.


Article from Wheeling Register, June 25, 1895

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Article Text

HIS FAILURE WAS FORCED. Cincinnati, O., June 24.-Mr. John B. Specker, doing business as Specker Bros. & Co., wholesale dry goods, Elm street, assigned to-day to Adam Kramer. The assignment is a direct result of injury to his credit because of his relations with the recent suspended Commercial National Bank. Suits have been brought against him on that account, and they have precipitated this course. His assets are said to be $750,000, with liabilities less, though not definitely ascertained.


Article from St. Paul Daily Globe, June 25, 1895

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Article Text

Heavy Cinncinnati Failure. CINCINNATI, O., June 24.-John B. Specker, doing business as Specker Bros. & Co., wholesale dry goods, Elm street, assigned today to Adam Kramer. The assignment is a direct result of injury to his credit because of his relations with the recently suspended Commercial National bank. Suits have been brought against him on that account, and they have precipitated this course. His assets are said to be $750,000, with liabilities less, though not definitely ascertained. Preferences amounting to $100,000 were given. The largest is to the First National bank, $47,500; the next to the Little Sisters of the Poor, $2,000, and another of $10,000 to Conrad Oberschmidt. Mr. Specker was a director of the Commercial National bank and was indorser for Hellebush, a heavy borrower from the Commercial National. He was sued on this account for $45,000. Other suits were filed, one of which was to assess stockholders, which would have made a heavy draft on Mr. Specker. Mr. Specker proposes to meet his creditors and make an effort to continue his business.


Article from Watertown Republican, June 26, 1895

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Article Text

FAILS FOR NEARLY A MILLION. Specker Bros. & Co., Cincinnati, Go to the Wall. Cineinnati, O., June 24.-John B. Specker, doing business as Specker Bros. & Co., wholesale dry goods, Elm street, assigned today to Adam Kramer. The assignment is a direct result of injury to his credit because of his relations with the recently suspended Commercial National bank. Suits have been brought against him on that account and they have forced him into this course. The assets are said to be $750,000 with liabilities less, though not definitely ascertained.


Article from The Austin Weekly Statesman, June 27, 1895

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Article Text

ASSIGNMENT. Cincinnati. June 24.-Mr. J. B. Specker. doing business as Specker Bros. & Co., wholesale dry goods, assigned today to Adam Kramer. The assignment is a direct result of injury to his credit because of his relations with the recently suspended Commercial National bank. Suits have been brought against him on that account, and they precipitated this course. His assets are said to be $750.000 with liabilities less, though not definitely stated.


Article from Idaho County Free Press, June 28, 1895

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Article Text

CINCINNATI DRY GOODS FAILURE Specker Bros. & Co., Assign, Liabilities Three Quarters of a Million. Cincinnati, June 24.-John B. Specker, doing business as Specker Bros. & Co., wholesale dry goods, assigned today to Adam Cramer. The assignment is the direct result of injury to his credit because of his relations with the recently suspended Commercial National bank. Suits had been brought against him on that account. His assets are said to be $750,000, with liabilities less, though not definitely ascertained.


Article from Elmore Bulletin, June 29, 1895

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Article Text

CINCINNATI DRY GOODS FAILURE Specker Bros. & Co., Assign, Liabilities Three Quarters or a Million. Cincinnati, June 24.-John B. Specker, doing business as Specker Bros. & Co., wholesale dry goods, assigned today to Adam Cramer. The assignment is the direct result of injury to his credit because of his relations with the recently suspended Commercial National bank. Suits had been brought against him on that account. His assets are said to be $750,000, with liabilities less, though not definitely ascertained.


Article from The Kootenai Herald, June 29, 1895

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Article Text

CINCINNATI DRY GOODS FAILURE Specker Bros. & Co., Assign, Liabilities Three Quarters or a Million. Cincinnati, June 24.-John B. Specker, doing business as Specker Bros. & Co., wholesale dry goods, assigned today to Adam Cramer. The assignment is the direct result of injury to his credit because of his relations with the recently suspended Commercial National bank. Suits had been brought against him on that account. His assets are said to be $750,000, with liabilities less, though not definitely ascertained.