17508. First National Bank (Hillsboro, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
787
Charter Number
787
Start Date
July 16, 1896
Location
Hillsboro, Ohio (39.212, -83.611)

Metadata

Model
gpt-5-mini
Short Digest
ee315288

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1896-07-22
Date receivership terminated
1907-08-27
OCC cause of failure
Losses
Share of assets assessed as good
69.3%
Share of assets assessed as doubtful
10.9%
Share of assets assessed as worthless
19.8%

Description

The bank 'closed its doors' and directors 'decided to suspend business' on July 16, 1896; Comptroller appointed a receiver (John Hulitt) the following week and receiver subsequently paid dividends — indicating permanent closure under receivership. Articles mention directors suspended to avoid a run after two stockholders threatened suit; no actual depositor run is described.

Events (4)

1. February 7, 1865 Chartered
Source
historical_nic
2. July 16, 1896 Suspension
Cause Details
Directors suspended operations after two stockholders threatened suit and, fearing a run, decided to close the bank temporarily; suspension was a management decision rather than a described depositor run.
Newspaper Excerpt
The First National bank of Hillsboro, O., closed its doors this morning. Two stockholders ... threatened suit for the appointment of a receiver. Fearing a run on the bank the directors decided to suspend business.
Source
newspapers
3. July 22, 1896 Receivership
Source
historical_nic
4. July 23, 1896 Receivership
Newspaper Excerpt
Comptroller Eckels has appointed John Hulitt receiver of the First National Bank of Hillsboro, Ohio, which recently failed. JOHN HULITT, Rec'r. (receiver notices follow).
Source
newspapers

Newspaper Articles (15)

Article from The Morning Times, July 17, 1896

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Article Text

Ohio Bank Suspends Business. Hillsboro, 0., July 16.-The First National bank of Hillsboro, 0., closed its doors this morning. Two stockholders, whose names are not given, threatened suit for the appointment of a receiver. Fearing a run on the bank the directors decided to suspend business. They declare that depositors and creditors will be paid in full.


Article from The San Francisco Call, July 17, 1896

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Collapse of a Bank. HILLSBORO, OHIO, July 16.-The First National Bank of Hillsboro, Ohio, closed its doors this morning. Two stockholders, whose names are not given, threatened suit for the appointment of a receiver. Fearing a run on the bank the directors decided to suspend business. They declare that depositors and creditors will be paid in full.


Article from The Record-Union, July 17, 1896

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Bank Failure HILLSBORO (O.), July 16.-The First National Bank of Hillsboro, O., closed its doors this morning. Two stockholders, whose names are not given, threatened suit for the appointment of a receiver. Fearing a run on the bank, the directors decided to suspend business. They declare that depositors and creditors will be paid in full.


Article from The Morning Times, July 23, 1896

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City Brevities Hon. Simon Wolf has gone to the mounAnd pure sinc JO suptum am 10J sure Secretary Carlisle and Attorney General Harmon have returned here, and resumed the Mr. W H. Cross, of this city, has gone "PIN 'Agunoo Frederick 01 dm R uo he willspend a few days. peq 8 pue L 'SON spapord pollod OILL doctors you 44310 1801 11 JO our Asua up being clean at midnight. Lieut. A. R. Paxton, Fifteenth Infantry, JOJ redde 03 perapao used sun "V S TI JOJ подепршеха Comptroller Eckels has appointed John Hulitt receiver of the First National Bank of Hillsboro, Ohio, which recently failed. Wallace Myers. eighteen years old, was pur nonums conod 6 ON 18 dn Include charged with keeping a disorderly house am III priced SEM person маи V ward rooms of Emergency Hospital yes terday, the old one having become weak pue Lieut Charles A Bradbury, U. S. N., formerly presi tent of the C. A. C., has been ordered before the retiring board of the Navy for examination. Lieut. E. D. Bestick has been ordered to the Hydrographic Office. Ensign H. H. Cald well.detached from the Monadnock, ordered home. and granted three months leave. At Tenleytown last night St. Ann's TO UMB| anbiun R JARD Church which the attendance was very large and the receipts eminently satisfactory. The Treasury gold reserve at the close of business yesterday had declined to $86.элем s,Anp and 10J SPM 0002102$ UDITALM JO export. 'ase 10 SIUDA XIXIS A unon was arrested yesterday by Officer Haynes 10 no 41X18 am JO astej THEM unly charges OTLAR 'ndasor STUW pretenses. The Reboboth Baptist Church was incorporated yesterday by articles of incorporation being signed by Messrs. Jefferson Brister duria 'USEN mandais Walter Clark and John Golden. SUBJISTA naaq seq опм 'smens XUW UN 48RM 1883 19 same NW misnon 8111 au TOTAL MAN JOI uar sug 1101301 1 Defore weeks puads ITEM to his home in Berlin, Germany. Policeman Bradley reported at the Ninth precinet station yesterday that the wind 81 цопрм read e umop 19310 10011 III am SSOJOR JUINT MOU northeast anywar 6171 10 early un 18 deed nossper Я шенна JW hour yesterday at his residence. 1701 Thirteenth street northwest Mr Jack. SUM inq PW 111 used STAM nos seem 101 AND STILL 111 U1 Mrs. Gawler of No. 1006 Massachusetts avenue northwest reported at the Second precinet station yesterday that sixteen maag peq Total 14.8m R pur assured arter Sepuor no asnon Jaq moss stote "UOOR William Dice. colored. seventeen years am jo am 0101 1191 'DIO yesterday afternoon for stealing five morj 09 18 penjua теэш 10 spunod state 8791 ON JO suisding states northeast. Postinater by his private retary. Mr. Newton Baker, left yesterday for Chillicothe, Ohio, where am no ssappe un тадцер THAN an am JO 41001 am JO SAD 1011 JO 01 persond SUM JW Acting Secretary Rockbill at the State Department yesterday by Ambassador asseqo SU 100 THAN JN affaires during the absence or Ambassa dor Patenotre from the city marks 918 °N 18 JOHN tremps S S asson R more pay our SUM street car at Fourth and Auburn streets northeast, yesterday and slightly injured about amou siq 01 годошал SHM PH prog em in the Eighth precinet patrol wagon. James Turner. forty-two years of age. was overcome by the heat vesterday after noon at the corner of Eighth and I streets 0; SHM upa MOIS and normanest Emeric 01 quas 10181 pue asnoy Aquard R requerement pollod agg [II Hendson Bertha Ward. thirty seven years old bemos 30 and 18 III JUIED 0228 moqe states a pue nque OUL Represed pug AQ pare SUM the sufferer to her home. in Twining City. Did Some bicycle riders continue to disregard the regulations concerning the ne онцм mem uodn 14311 11 10 darkness reigns The last offender is William Barnes colored. who was captured by Policeman Hoagland last night, near northwest streets d pur Mrs Tardy. mother of Mrs McAdoo. om 10 10 area Brand 10 III signature S1 an Post Office, near Danville. Va Secre 16 am no SI from Gloucester. Mass., was notified yesterday and will immediately return to Virginia ordersus Sunor om Jo Seventy IO AIXIS from St. Rose's Orphan Asylum, under the charge of the Sisters of Charity were the guests of Miss Estelle Randall at River View yesterday. The children all had a


Article from Evening Star, July 23, 1896

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Article Text

Receiver Appointed. Controller Eckels has appointed John Hulitt receiver of the First National Bank of Hillsboro', Ohio, which failed recently.


Article from The Worthington Advance, July 23, 1896

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At Hillsboro, O., the First national bank closed its doors. In a duel at Knoxville, Tenn., Washington Smith was killed by D. Rogers. Smith was the father of 14 children, including four sets of twins. There were 216 business failures in the United States in the seven days ended on the 17th, against 219 the week previous and 256 in the corresponding period of 1895. P. J. O'Connor, of Savannah, Ga., was reelected president of the International Ancient Order of Hibernians at the annual meeting in Detroit. The New York State Bankers' association in session at Niagara Falls declared strongly for the continuance of the gold standard. Samuel G. Fleming, cashier of the Exchange national bank at El Dorado, Kan., was charged with the theft of $10,000 of the bank's money. In the vicinity of the Brown company's works at Cleveland, O., there were several riots and an open conflict between the mob and militia, during which 1,000 men were put to flight at the point of the bayonet. The Hallet & Davis company, dealers in pianos and organs in Chicago, failed for $140,000. A statement prepared by the commissioner of immigration shows that 343,267 immigrants arrived in this country during the fiscal year ended June 30, against 258,536 in 1895. The nineteenth annual meeting of the American Bar association will be held at Saratoga Springs August 19, 20 and 21 next. SecreThe correspondence between the tary Olney and Lord Salisbury question of international arbitration has been made public and shows that, while considerable progress has been made towards the desired end, and indicating that a satisfactory conclusion will be reached, yet no vital point has been agreed upon. Frank June and his wife and child. of Grand Haven, Mich., were drowned in the lake by the upsetting of a boat. The post office safe at Carrollton, O., was blown open by burglars and a large amount of money, stamps, and a number of registered letters were stolen. John E. Howard, deputy town marshal of Tulare, Cal., who killed Martin de Larna two years ago during a political quarrel. was hanged at Folsom. The percentages of the baseball clubs in the National league for the week ended on the 19th were as follows: Cleveland, .672; Cincinnati, .671; Baltimore, .671; Boston. .568; Chicago, .556; Pittsburgh, 541: Brooklyn. .460; Philadelphia. .460: Washington, .442; New York, .431; St. Louis, .286; Louisville, .229. Because of the loss of property Louis S. Gradke and his wife, each 64 years old. killed themselves with morphine at Galesburg. III. At the final business session in Milwaukee of the Baptist Young People's Union the place for the meeting in 1898 was changed from Denver to Chattanooga. Tenn. Fire destroyed the immense car barns andofficesof the Chicago City Street railway, with 600 street cars and three horses, entailing a loss of $542,700. and Patrick J. Martin. William L. Elwell and Frank Crosby perished in the flames. James French shot and killed his wife at Rockford, III., and then fatally shot himself. Domestic trouble was the cause. Henry J. Smith, trading as the Historical Publishing company, failed in Philadelphia for $100,000. Warren P. Rouse and Miss Nora Tanner fought a duel with pistols and knife at Anniston, Ala.. and both were killed. Archibald Askew fatally shot his uncle, Arthur Callahan, and then killed himself at Kingston, III. The village of Trout Run, Pa., was nearly wiped out by fire. The celebration of the centennial of Cleveland, O., began with appropriate services in all the churches. The festivities will last until September 10. A generally poor condition of fruit throughout the country is announced in the report of the agricultural department. Mrs. Greenfelt and her child were drowned in Turkey river at Dubuque, Ia. The child fell out of a skiff and the mother jumped in to save it. Dan Dicks (colored) was lynched by a mob at Ellentown, S.C.. for attempting to outrage Mrs. L. W. Hill. Malvern. Ark., a town of 6,000 inhabitants, was entirely destroyed by an incendiary fire. Mrs. Martin Drury and her two children were fatally bitten by snakes at Blair's Valley. Pa. Joseph Topper and his wife committed suicide near Lawrenceburg. Ky., by lying down on the track in front of an approaching railway train. Rulie Johnson shot and killed his wife at Vicksburg. Miss., and then committed suicide. Jealousy was the cause. PERSONAL AND POLITICAL The Iowa republicans met at Des Moines and nominated the following ticket: Secretary of state, George L. Dobson. of Des Moines; auditor, C. G. McCarthy, of Nevada; treasurer. John Herriott, of Stewart: attorney general. Milton Remley. Iowa City, renominated; supreme judge, Scott M. Ladd. of Shel-


Article from The News-Herald, July 30, 1896

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Hulitt Receiver. Cashier John Hulitt has been appoint. ed receiver for the First National, and will enter at once upon the settlement of its affairs. The universal verdict is that no better appointment could have been made. Everybody has the utmost con fidence in his sterling honesty and his great business ability. That the business of the bank will be wound up to the best possible advantage is an accepted conclusion all round. There seems to be no doubt that depositors will be paid in full, and the stock holders have strong hopes of saving considerable from the wreck.


Article from The News-Herald, January 14, 1897

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Notice. Persons having Receiver's certificates for claims against the First National Bank, of Hillsboro, O., will be paid first dividend of 10% on presentation at my office of said certificates and receipting for amount of the dividend. JOHN HULITT, Rec'r.


Article from The News-Herald, January 21, 1897

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Notice. Persons having Receiver's certificates for claims against the First National Bank, of Hillsboro, O., will be paid first dividend of 10% on presentation at my office of said certificates and receipting for amount of the dividend. JOHN HULITT, Rec'r.


Article from The News-Herald, February 4, 1897

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Notice. Persons having Receiver's certificates for claims against the First National Bank, of Hillsboro, 0, will be paid first dividend of 10% on presentation at my office of said certificates and receipting for amount of the dividend. JOHN HULITT, Rec'r.


Article from The News-Herald, October 21, 1897

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The receiver is ready to pay the third dividend, 15 per cent. to the creditors ef the First National Bank, of Hillsboro, O. JOHN HULITT, Rec'r.


Article from The News-Herald, October 21, 1897

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For one dollar's worth of hardware you buy at the H. H. Co., you get a chance to draw a fifteen dollar coal heater. Mrs. Elmer Kendall, of Jackson, has returned to her home after a pleasant visit with her mother, Mrs. Maria Hogsett. Mr. and Mrs. J. W. Morrow and daughter, of Elgin, Ill, were visiting at the home of Dr. B. D. Granger, last week. Did you see that crowd at Richard, Stevens & Co's, last Saturday ? They will have bargains for all on Saturday, Oct. 23d. Dr. and Mrs. Harry Lefever returned Monday afternoon to their home in Cincinnati, after a pleasant visit among friends here. Charlie Wood is as happy at the "big sun flower that nods and bends in the breezes." The newcomer at his home is a great big boy. Mrs. Ella Raymond, formerly Mies Ella Buck, of this city, is here from her home in Dayton, on a visit to her aunt, Mrs B. F. Chaney Prof. Rayburn, of the New Vienna Public Schools, and Miss Lida B. Johnson, of Vienna, were the guest of friends in this city, Sunday The pastor of the colored Methodist Church will preach a sermon on the subject of Education, at 3:30 p. m., Sunday 24th. All are invited. Hon. H. W. Hope, of Paint P. O., and and Rev. T. W. Locke, of Bainbridge, were here in attendance upon the Bruce lecture, Thursday evening. Last Friday morning in the College chapel, Mrs. Marr, the accomplished French teacher, gave a most delightful and instructive talk on Paris. The receiver is ready to pay the third dividend, 15 per cent. to the creditors ef the First National Bank, of Hillsboro, O. JOHN HULITT, Rec'r. Ladies, you can't afford to miss the special sale of fine shoes at the Cincinnati Sample Shoe Store. $2.50 and 3 00 shoes at $1.68 Latest style toes, button or lace. If you want to spend one dollar (or more) for hardware, go to the Hillsboro Hardware Co, and secure a chance on one of the finest heating stoves on the market. A detachment of the Salvation Army consisting of fifteen members will arrive here Monday; and hold nightly meet ings in the Court House. They are fine musicians. The engine house of the fire depart ment has been furnished with a new floor. The old one had been there since the building was erected, and was rotten and unsafe. Miss A. Virginia Hussey, a charmi g representative of the Cincinnati Sym phony Orchestra Association, is a guest at the home of her relatives, Mr. and Mrs Ben Conard. The ladies of the Presbyterian Church will give a chicken pie noon dinner in their social rooms, Thursday October 28. Business men are sepecially invited, but all are welcome. Mrs. Mills Gardner died at her home in Washington C. H. Wednesday, after a protracted, though not alarming illness She was sixty seven years of age The funeral will take place today. Rev. T. S. Buckingham has removed his family from Warren, O., to this city. They will occupy the new house erected by Mr. Landess, on the Woodrow lot, Elm street. "Ching" Fullerton left Monday to re sume his journalistic work on the Chicago Tribune. Ching is one of the favorites on the staff of that paper, and stands deservedly high in literary circles. The New Vienna Reporter has taken to itself a Coffin. Not that there are any signs of a demise, at all, but rather the contrary. The Coffin referred to is W. B. Coffin, a skilled news and job printer from Indianapolis The foundation for the Soldiers' Monument has been laid. The granite base is here. and the bronze statues. A dav


Article from The News-Herald, April 7, 1898

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Legal Notice. To the Creditors and Stock holders of the First National Bank of Hillaboro. Ohio. Notice is hereby given that on April 19th, A. D. 1898, or as soon thereafter as counsel can be heard, the undersigned will make his report to the Circuit Court of the United Statea for the Southern District of Ohio, Western Division, that he has sold, subject to the approval and confirmation of said court, two thousand and twenty-nine acres of land situate in Hardin county, Ohio, and to be particularly described in said report, said description can be seen at the office of the undersigned at Hillsboro, Ohio, to S. P. Scott, Elizabeth J. Scott and Jane Scott : said lands to be paid for by the surrender and cancellation of certain claims held by them respectively, including a dividend of fifteen per cent., amounting to $15.423.80, now declared thereon, againstsaid bank as follows: S. P. Scott, thirty-two thousand, four and 44-100 dollars ($32,004.44.) Elizabeth J Hcott, fifty-nine thousand, seven hundred and sixty-seven and 86-100 dollars ($59,767.86.) Jane Scott, eleven thousand and fifty-three and 16-100 dollars (@11,053 16.) Dividends of thirty-five per cent. have been paid by the undersigned as Receiver of said bank on said claims. The undersigned will, in said report, include a petition that said sale be approved and confirmed by said court. JOHN HULITT, Receiver of the First National Bank of Hillsboro, Ohio.


Article from The News-Herald, July 14, 1898

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I am ready to pay the fourth dividend on proved claims against The First National Bank of Hillsboro, Ohio JOHN HULITT, Receiver.


Article from The News-Herald, June 15, 1899

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Common Pleas Court. In the case of the Rider, Hazard, Baker Co. VB, the Driver Co., Judge Newby rendered a decisionin favor of plaintiff. NEW CASES. M. E. Lewis vs. D, C. Lewis et al. Suit for partition of estate of Wm. Lewis. Hough & Wilson attorneys for plaintiff. Margaret M. DePoy vs. Earl T. DePoy et al. Petition to sell entailed estate of William W. Caldwell. Dickey & Heiskell attorneys for plaintiff. Anna B. Stout seeks a divorce from Richard Stout on the ground of extreme cruelty and abuse. She asks for alimony and custody of three minor children. Jason Polk vs. John J. Rollins. Suit for $1 appealed from docket of E. O. Carey, Justice of the Peace of Penn township. 1 W. J. Marshall vs. The First Natio na Bank of Hillsboro and John Hulitt ,as Receiver of same. Mr. Marshall is cashier of the Sardinia Bank and in his petition states there was due that bank from the First National Bank of Hillsboro at the time of suspension the sum of $205.50. He asks judgement for same with interest. Pavey & Dunlap attorneys. George Smart vs. A. McRae. Appeal from docket of R. S. Roush, Justice of the Peace of Liberty township. George B. Gardner attorney for plaintiff. Steele & Sams for defendant. Elizabeth Tate vs. Henry L. Wiggins, as executor of the last will and testament of Mariah Hendrix. Suit for $759 for labor and work in nursing said Mariah Hendrix from March 8th, 1893, to January 23d, 1898. Pavey & Dunlap attorneys for plaintiff.