17266. Miami Valley Savings Bank (Cincinnati, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
March 6, 1878
Location
Cincinnati, Ohio (39.103, -84.515)

Metadata

Model
gpt-5-mini
Short Digest
c25b52de

Response Measures

None

Description

Articles report a petition to appoint a receiver (filed 1878-03-06) and the appointment of Charles P. Taft as receiver (reported 1878-03-13 as occurring 'yesterday' -> 1878-03-12). No explicit mention of a depositor run or an explicit statement that the bank suspended payments, but receivership indicates the bank was being wound up and thus remained closed. Classified as suspension_closure because there is no evidence of a run and the bank was placed in receivership/closed.

Events (2)

1. March 6, 1878 Other
Newspaper Excerpt
A petition was filed yesterday in the Common Pleas for the appointment of a Receiver to wind up the affairs of the Miami Valley Savings Bank. The petition was filed by Miller Outcalf on behalf of himself and other depositors.
Source
newspapers
2. March 12, 1878 Receivership
Newspaper Excerpt
Charles P. Taft was appointed receiver of the Miami Valley savings bank, at Cincinnati, yesterday.
Source
newspapers

Newspaper Articles (2)

Article from The Cincinnati Daily Star, March 6, 1878

Click image to open full size in new tab

Article Text

Petition for a Receiver. A petition was filed yesterday in the Common Pleas for the appointment of a Receiver to wind up the affairs of the Miami Valley Savings Bank. The petition was filed by Miller Outcalf on behalf of himself and other depositors. Colonel Dodds appeared for the bank. The names of Charles P. Taft and Theodore Cook were suggested. The matter was discussed before Judge Avery today and continued until to-morrow.


Article from The Indiana State Sentinel, March 13, 1878

Click image to open full size in new tab

Article Text

CONGRESSIONAL THURSDAY, March 7. Senate.-Mr. Cockerell introduced a bill to provide for the organization of a Mississippi river improvement commission, for the deepening of that channel and the general improvement thereof. Mr. Sargent called up his joint resolution in regard to Chinese immigration, and made a speech thereon. James Gordon Bennett's request that the Pandora be allowed to sail under the American flag was agreed to by the committee on commerce, and after some unimportant business the senate adjourned until Monday. House.-Mr. McMahon, from the committee on accounts, repor* a resolution authorizing the committee on rules to employ seven experts to be assigned by the speaker to such committee of investigation as may seem proper. Mr. Foster said this was but a proposition to increase the number ot dead beats from Ohio, who last year drew thousands from the contingent fund of the house. This brought about some little discussion, and Mr. Springer offered a substitute authorizing the committee on expenditures in the several departments of the government to employ each a clerk or expert, and also authorizing the committee on post offices and roads to employ two experts, which was adopted, and the house went into committee of the whole on the deficiency of the appropriation bill, which was finally passed after considerable discussion. MISCELLANEOUS. I. Bloom & Co., wholesale grocers of New Orleans, have suspended. Howell, Garro & Co., a hardware firm of Cincinnati, failed yesterday. The total liabilities of E. McGillvray, of Ottawa, Ont., foots up $682,000. A fire at Cleveland, O., destroyed considerable property, mostly covered by insurance. Charles P. Taft was appointed receiver of the Miami Valley savings bank, at Cincinnati, yesterday. A fire at Spartansburg, Pa., yesterday destroyed nearly every business house in the place. Incendiarism.