17473. Bank of Fremont (Fremont, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 31, 1878
Location
Fremont, Ohio (41.350, -83.122)

Metadata

Model
gpt-5-mini
Short Digest
5ded0d25

Response Measures

None

Description

Multiple contemporary newspaper notices (late May 1878) report the Bank of Fremont closed its banking department on May 31, 1878, paying all liabilities. There is no mention of a depositor run, panic, or government receivership. The wording suggests a voluntary/orderly cessation of the banking department and payment of creditors; therefore classified as a suspension that results in closure (voluntary liquidation-like).

Events (1)

1. May 31, 1878 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank closed its banking department and is reported to be paying all liabilities on demand; described as having done a successful business for nearly twenty-five years, implying an orderly cessation rather than failure from insolvency or run-related distress.
Newspaper Excerpt
The bank of Fremont, Ohio, has closed its doors. It pays all liabilities.
Source
newspapers

Newspaper Articles (4)

Article from The Cheyenne Daily Leader, June 1, 1878

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Article Text

TELEGRAPHIC TICKS. William Cullen Bryant was better on Friday. The Second National bank at Scranton, Pa., has suspended. The First National_Bank of Dallas, Texas, has suspended. Tennessee members have decided not to answer Keye's letter. The bank of Fremont, Ohio, has closed its doors. It pays all liabilities. The threatened conflict between the Turks and insurgents in Crete is iminent. George Alfred Townsend's interview with President Hayes at Gettysburg is now reported a bogus affair. Henry A. Webster was, on Friday, nominated to be collector of customs for the district of Puget Sound, Washington Territory. A dispatch from Rome says the Pope is ill in body and distressed in mind, by plots and cabals designed to prevent the reforms he proposes. The newly elected board of directers of the Pacific Mail steamship company are Capt. Babcock president and Capt. John Riley vice president. The Rhode Island House has concurred in the Senate resolutions deprecating the Potter investigation, and his efforts to unsettle the Presidential title, by a vote of 42 to 10.


Article from The Wheeling Daily Register, June 1, 1878

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Bauk Failures. CLEVELAND, May 31.-The Bank of Fremont, at Fremont, Ohio, owned by F. S. White and Wm. E. Haynes, closes the bank department of its business to day, paying all liabilities. The bank has done a successful business for nearly twenty-five years. SCRANTON, PA, May 31.-The Second National Bank closed its doors to-day. The following notice is posted: "Circumstances compel us to suspend business for the present."


Article from The Stark County Democrat, June 6, 1878

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STATE AND NEIGHBORHOOD. A fire in Akron on Friday morning destroyed Dora n's grocery and, saloon. The loss is $2,000; insurance, $1,500. Joseph Bishop, a farmer, aged living at Bat Summit county, committed suicide on Wednesday night by blowing out his brains with a shotgun. He was a widower without children. The preliminary trial of Mrs. Mary Howe for shooting Benton Barkhawer took place at Doylestown on Thursday. A verdict of not guilty was given, to the general satisfaction of the citizens. Crestline, May 30.-This evening about half past nine o'clock as passenger train No. 87 was setting off a car at Toledo Junction, six miles east of here, some little boys playing along the side of the track attempted to run across ahead of the engine when the pilot struck one of them named "Fell." about seven years old, breaking his skull. The brain coming out, he cannot live. He was taken to his home, a farm house near by. Kenton, May 30.-The people of our town are greatly excited this afternoou by the news that Cyrus Dow, a prominent business man of this place had drowned himself in the Scioto River about three o'clock. Boys who were fishing discovered the body in the middle of the stream,just back of a packing house about half a mile from town. He was laying in water knee-deep, and on the bank was found his hat, containing his watch and a half-ounce phial marked "Laudanum-Poisou," about two-thirds empty. The Coroner's verdict was "Death by drowning himself while under the influence of a temporary fit of insanity caused by great nervous prostration and business embarrassment." Mr. Dow was a man about 50 years old, long a resident of Kenton He was universally respected for his honesty and uprightness. His death creates great gloom over the city. Cincinnati, May 31.-On the farm of Robert Lynn, four miles from Hillsboro, this morning a portable saw mill engine exploded, killing three men and severely scalding several others. One man was thrown completely over 8. tall tree. The boiler was found three hundred yards distant. The bank of Fremont, at Fremont, owned by F.S. White and William E. Haynes, closed the banking department of its business on Friday. It pays all liabilities on demand. It has done a successful business for twenty-five years. At Wooster, on Friday, Jimmy McCanna, aged about 10 years, was run over by a freight train between Beaver and Henry streets, and instantly killed. His body was cut entirely in two. He attempted to get on the train while it was in motion and fell across the rail, one half of his body being left on the inside and one half on the out. side of the track. Marshall, the janitor of the Ohio Medical Col. lege at Cincinnati, where the body of J. Scott Harrison was found on "Thursday, was released on $5,000 bail, Dr. Whitaker, of the Faculty, act* ing as surety. Mr. Harrison's body was taken to Spring Grove Cemetery, where it will remain until autumn, when it will be reinterred at North Bend. No further arrests have been made, but the excitement is still intense. Peter Kiser, a well-to-do farmer of Hancock county. was arrested to-day for an attempted rape upon the person of a girl fourteen years of age, named Vail, who lives in Hamilton. The girl states that she was on her way to the city, when Kiser overtook her and invited her to ride. She accepted, and before they had gone far Kiser took improper liberties with her person. She resisted his advanees, and finally jumped out of the buggy, came to this city and informed a relative of the facts. Kiser is about sixty years old, a deacon in the church, and, on account of his high standing in the community, the affair has created a decided sensation, Cleveland, May 31.-Paul, 8. son of E. Hammond, six years of age, fell into a cistern in Bedford, O. this afternoon, and was drowned. The cistern had been left uncovered by workmen the day previous. It was without curb or pump. Two other boys of about the same age were with him. but it is said were SO frightened as to fail to alarm the neighbors. He was in the cistern about five hours before found. On complaint of Elizabeth Steinbrenner, aged 11 years, Fred Ubrecht, 43 years old, a German laborer, was arrested for rape. The girl alleges the man enticed her away from witnessing the deco. ration day ceremonies in the Park and accomplished his purpose. The Warren rolling mill was destroyed by fire on Sunday. George Mealy, & young man aged about 19 years living at Doylestown, committed suicide by shooting himself in the breast on Sunday. Three houses, situated in the southern end of Bucyrus, were destroyed by fire on Sunday, Loss about $8,000; insurance, $1,600. It was the work of an incendiary. Frank Goodrich, aged 14, only child of a widow at Akron, was killed on Saturday while riding a a horse. He was thrown from thesaddle. his foot hanging to the stirrup until he had been dragged 8 me distance and his skull broken. While the draw bridge over the Maumee at East Toledo was open on Sunday for a passing vessel, a freight train of forty-six cars on the Lake Shore railroad approached the bridge on a down grade, and before it could be stopped the engine and three cars were precipitated into the draw and were wrecked. Loss, $6,000 to $8,000. Nobody was hurt, and trains are passing the, bridge without delay.


Article from The Red Cloud Chief, June 20, 1878

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NEWS OF THE WEEK. General. The First National Bank, of Dallas, Texas, has suspended payment. The Second National Bank. at Scranton. Pa., closed Its doors May 31st. Joseph M. Koehler, a banker on Chatham street, N. Y., has been adjudged an Involuntary bankrupt. Liabilities, $450,000 of which $300,000 are secured. At the session of the Right Worthy Grand Lodge of Good Templars at MinneapoHa, May 29th, Detroit wasselected as the place for the next meeting. On the night of June 3d, Rev. C. S. Burleigh, famous years ago as an anti-slavery leader, was run over by the cars, and will die from injuries received. Reports from the principal mining points in the eoal regions of Pennsylvania, Indicate a general resumption of mining operations with full forces of men. James G. Blaine has been elected chairman of the Republican State Central Committee of Maine. The State Convention is to be held at Portland, August 1st. Supervisor Eagan, of Troy, N. Y., who confessed, upon trial, to auditing fraudu lent bills, has been sentenced to the State prieon for ten years, and to pay a fine. During May there were 95 business failures In New York City, the total liabilities being more than live and a half million dollars, and the assets less than one million. George R. Waterman, former paymaster in the Pacific Mills, Lawrence, Mass. has been convicted of stealing $111,000, and sentenced to 12 years in the penitentiary. At a session of the Right Worthy Grand Lodge of Good Templare of the World at Boston, a resolution was adopted favoring the discontinuance of wine at the sacrament. The Pennsylvania State Convention of Prohibitionists, have nominated a State ticket. with F. H. Lane for Governor, and John Shalleross, for Lieutenant Governor. The Bank of Fremont. Ohio, closed May 31st so far as its banking department is concerned. It pays all liabilities on demand, and has done a successful business for nearly twenty-five years. An incendiary fire at Senatobia, Miss., on the night of May 31st, destroyed seven emall stores and the postoffice. Loss $20,000. A rain storm probably saved the whole village from destruction. A San Francisco dispatch of May 29, says that in the northern portion of California there will not be more than an average crop, while in the southern portion the yield generally will be unprecedented. The Right Worthy Grand Lodge of Good Templare held its 24th session in Boston the last week in May. Delegates were in attendance from all parts of the United States, England, Ireland, Scotland and Canada. On the night of May 29th, some one placed a tie on the Prospect Park, Brooklyn & Coney Island R. R. track, and the result was a gravel train thrown from the rails and five laborers killed and several seriously wounded. Commissioners in Illinois appointed for the purpose, have condemned four acres of land in addition to that donated by the citisens at Springfield for State House purposes, awarding the owners of the land $34,100 as damages. A savings bank has been obliged to foreclose a mortgage on St. Ann's Church, Brooklyn, N. Y. The debt of the church is $185,000, nearly four-fifths of the amount beIng due the bank. St. Ann's la the oldest Protestant Episcopal corporation in Brooklyn. A widow named Thompson, 50 years of age, at Springfield, Mo., a few nights ago killed her daughter Nettle, about sixteen years old, with a razor, while she was sleeping, and then cut her own throat. Temporary insanity caused by sickness, is assigned as the reason. Harry Anderson. an employe in the Quartermaster's Department at Fort McKinney, Wyoming, who was sitting by a tree and watching a herd of mules, May 24th, was shot from behind and instantly killed. Suspicion rests on a soldier of the post, and an investigation has been ordered. The annual convention of the Indiana Millers' Association was held at Indianopolis, May 28th. About 300 delegates were present. Addresses were made by Gov. Williams and ex-Governor Hendricks. The committee on grain recommended farmers to change seed often in order to secure desirable qualities is wheat. William Cullen Bryant met with a serious accident by falling and striking his head on a stone, upon the occasion of the unveiling of the bust of Mazzina in Central Park, New York, May 29th. He had grown dizzy from the heat. He was not fatally, but quite seriously hurt, and is suffering from a concussion of the brain. The machine shops of the Indianapolie, Peru & Chicago railroad, at Peru, Ind., was struck by lightning on the night of May 29th, and with their contents, were entirely consumed by fire. There were three locomotives and three stock cars in the shop. Loss estimated at $100,000; insurance heavy. A heavy rain saved the round house and other buildings and cars. On the morning of May 31st, at Cleveland, Ohio. a mobof 2,000 people overpowered he guards and broke into the jail, intent on seeing the execution of the colored murderer, Webb. The sheriff telegraphed to Gov. Bishthat the execution must be public.or the