17547. First National Bank (Lisbon, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Start Date
October 22, 1898
Location
Lisbon, Ohio (40.775, -80.763)

Metadata

Model
gpt-5-mini
Short Digest
f5c44433

Response Measures

None

Description

The articles describe the First National Bank of Lisbon suspending on/around Oct 22, 1898 after its cashier (I. A. / J. M. Child(s)) absconded and was found to be short large sums. A receiver was later handling assets and stockholders were assessed in Jan 1899; the bank is repeatedly described as defunct, indicating permanent closure rather than reopening. Cause is bank-specific adverse information (embezzlement/absconding cashier).

Events (3)

1. October 22, 1898 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier I. A. / J. M. Child(s) absconded after embezzling; examiner found large shortage (≈$60,000) and only small currency in vaults.
Newspaper Excerpt
As one of the results of the suspension of the First National Bank here, D. C. Bower & Co., an extensive dry goods firm, made an assignment to-day.
Source
newspapers
2. January 13, 1899 Other
Newspaper Excerpt
Considerable excitement has been caused here among stockholders of the defunct First National Bank by a notice from the comptroller of the currency requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by February 9, or the receiver will enter suit. Depositors are now getting anxious. The most conservative estimates of what the bank will pay depositors is from 50 to 75 per cent.
Source
newspapers
3. December 14, 1899 Receivership
Newspaper Excerpt
Receiver I. B. Cameron, of the First National bank, has discovered $651.61 belonging to M. J. Childs, the long missing cashier, on deposit with the National Building and Loan company, of Cleveland, and has attached it.
Source
newspapers

Newspaper Articles (15)

Article from Wheeling Sunday Register, October 23, 1898

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Article Text

CAUSED AN ASSIGNMENT. Lisbon, Ohio, October 22.-As one of the results of the suspension of the First National Bank here, D. C. Bower & Co., an extensive dry goods firm, made an assignment to-day. The head of the firm was on the bond of J. M. Child, the missing cashier, as treasurer of the city and township.


Article from The Anaconda Standard, October 23, 1898

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Was $60,000 Short. Lisbon, Ohio, Oct. 22.-The national bank examiner has only made a partial inves. tigation of the affairs of the First Na. tional bank, but he finds that I. A. Childs. the absconding cashier, was $00,000 short in his accounts. Only $9,000 in currency was found in the vaults, though there were demand certificates for deposits for $80,000 on the books. To-day as a result of the suspension of the bank, D. C. Bower & Co., dry goods, made an assignment, with liabilities of $15,000.


Article from The Indianapolis Journal, October 23, 1898

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Article Text

Result of a Bank Failure. LISBON, O., Oct. 22.-As one of the results of the suspension of the First National Bank here D. C. Bower & Co., an extensive dry-goods firm, made an assignment to-day. The head of the firm was on the bond of J. M. Child, the missing cashier, as treasurer of the city and township.


Article from The Salt Lake Herald, October 23, 1898

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Article Text

CLEANED OUT THE BANK. Ohio Cashier Is $600,000 Short In His Accounts. Lisbon, O., Oct. 22.-The National bank examiner has only made a partial investigation of the affairs of the First National bank. but he finds that I. A. Childs, the absconding cashier, was $60,000 short in his anccounts. Only 9,000 in currency was found in the vaults, though there were demand certificates for deposits for $80,000 on the books. Today, as a result of the suspension of the bank, D. C. Bower & Co., dry goods, made an assignment with liabilities of $15,000.


Article from The Indianapolis Journal, October 25, 1898

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Business Embarrassments. LISBON, O., Oct. 24.-As a result of the collapse of the First National Bank Alpheus Arter, one of the heaviest depositors, closed his harness manufacturing establishment to-day. About one hundred persons are thrown out of employment. There have been no further developments in the bank's affairs. It is thought the total loss will reach about $150,000. Nothing has been heard of Childs, the missing cashier. MILWAUKEE, Wis., Oct. 24.-Judge Seaman, in the United States Court to-day appointed Herman Erb receiver of the Appleton Water Works Company on a bona of $50,000. The appointment was made on motion of the Central Trust Company, of New York. Default in the interest on bonds was the cause of the proceeding. TURNER'S FALLS, Mass., Oct. 24.-The Marshall Paper Company, manufacturers of tissue and cigarette paper, assigned to-day because of dull trade. Its capital stock is $146,000. NEW YORK, Oct. 24.-Absolom P. Bachman, lumber dealer, has filed a petition in bankruptcy. Liabilities, $68,685.


Article from Marshall County Independent, November 4, 1898

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# MISCELLANEOUS. Providence, R. I.—Joseph Leiter, son of the Chicago millionaire, has purchased the famous Rhode Island Locomotive works and will begin the manufacture of locomotives under the patents the concern holds. Beloit, Wis.—The state convention of the Young Women's Christian association was held in this city. Victoria, B. C.—The official gazette gives notice of the intended construction of a railway from North Vancouver to the Lake Atlin gold fields. New York—Two more men of war will probably follow the auxiliary cuiser Buffalo to the Asiatic squadron. San Juan, Porto Rico—Private Peter Nolan, company L, Third Wisconsin, and Private Homer M. Bailey, company B, First Kentucky, died of typhoid fever. Boston, Mass.—The general strike of the boot and shoe lasters in southeastern Massachusetts factories has been declared off. Santa Fe, N. M.—First Lieut. Frederick W. Wientge, troop I, Roosevelt's rough riders, died of typhoid fever. Litchfield, Ill.—The miners in the Litchfield Coal Mining company's mine have struck because nine fellow workmen were discharged. San Francisco—Maj. Robert B. C. Bement of the volunteer engineers is sick in Manila with typhoid fever. He was appointed from St. Paul. Milwaukee, Wis.—A temporary injunction has been granted against the Milwaukee Enterprise Box and Lumber Company in the suit brought by William Doig, the Brooklyn box-nailing machine manufacturer. Boston, Mass.—The hospital ship Bay State has reached here from Porto Rico with 113 sick and convalescent soldiers of the Sixth Massachusetts and twenty of the First regiment volunteers. Two members of the Sixth died on the voyage. Washington—The Peruvian government has asked congress to vote $40,000 to pay the claim of Victor H. MacCord, consular agent of the United States in Arequipa, Peru, in 1895, for damage sustained by reason of imprisonment during the revolutionary outbreak in that country. Washington.—The president has given his consent to the Second Georgia regiment remaining in the United States service. Caracas—The cities of Venezuela were en fete in honor of Simon Bolivar, the South American liberator. Much enthusiasm was manifested in the celebrations. Muncie, Ind.—The regular annual meeting of the Northern Indiana school superintendents met here, with a good attendance. Victoria, B. C.—Yukon river in Alaska is now filled with slush ice and travel to Dawson is suspended. La Salle, Ill.—The Northern Illinois Teachers' association met here with an attendance of 1,400 from various cities in northern Illinois. Waukegan, Ill.—Samuel Voak, 100 years old, died in the town of Benton. La Salle, Ill.—The new La Salle township high school building was dedicated with impressive ceremonies. Lisbon, Ohio.—Alpheus Arter, one of the heaviest depositors of the failed First National Bank, has been forced to close his harness manufacturing establishment as a result of his losses. Parkersburg, W. Va.—Col. Z. T. Vinson, who during the campaign of 1896 was chairman of the national democratic committee for West Virginia, has taken the stump in that state for the republican ticket.


Article from Evening Star, January 13, 1899

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BANK STOCKHOLDERS ASSESSED. Depositors in Defunet Lisbon, Ohio, Bank Become Anxious. LISBON, Ohio, January 13.-Considerable excitement has been caused here among stockholders of the defunct First National Bank by a notice from the controller of the currency, requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by February 9, or the receiver will enter suit. Some of the stockholders may be forced into bankruptcy. Depositors are now getting anxious. The most conservative estimates of what the bank will pay depositors is from 50 to 75 per cent.


Article from Deseret Evening News, January 13, 1899

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Call on Bank Stockholders. Lisbon. Ohio, Jan. 13.-Considerable excitement has been caused here among stockholders of the defunct First National bank by a notice from the comptroller of the currency requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by February 9 or the receiver will enter suit. Some of the stockholders may be forced into bankruptcy. Depositors are now getting anxious. The most conservative estimates of what the bank will pay depositors is from 50 to 75 per cent.


Article from The Topeka State Journal, January 13, 1899

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STOCKHOLDERS ASSESSED $100 a Share to Make Good Losses of a National Bank. Lisbon, O., Jan. 13.-Considerable excitement has been caused here among stockholders of the defunct First National bank by a notice from the comptroller of the currency requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by February 9 or the receiver will enter suit.. Some of the stockholders may be forced into bankruptcy. Depositors are now getting anxious. The most conservative estimates of what the bank will pay depositors is from 50 to 75 per cent.


Article from Barre Evening Telegram, January 14, 1899

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Bank stockholders Mulcted. Lisbon. O.. Jan. 14.-Considerable excitement has been caused here among stockholders of the defunct First National bank by a notice from the comptroller of the currency requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by Feb. 9 or the receiver will enter suit.


Article from The Madison Daily Leader, January 14, 1899

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Stockholders Assessed. LISBON, O., Jan. 14.-Considerable excitement has been caused here among stockholders of the defunct First National bank by a notice from the comptroller of the currency, requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by Feb. 9, or the receiver will enter suit. Some of the stockholders may be forced into bankruptcy.


Article from The Wichita Daily Eagle, January 14, 1899

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Stockholders Pay the Freight. Lisbon, Ohio, Jan. 18.-Considerable excitement has been caused here among stockholders of the defunct First National Bank of a notice from the controller of the currency requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by February 9 or the receiver will enter suit. Some of the stockholders may be forced into bankruptcy. Depositors are now getting anxious. The most conservative estimates of what the bank will pay depositors is from 50 to 75 per cent.


Article from Oxford Eagle, January 19, 1899

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GENERAL NEWS Is the mist and darkness of the eight of the 13th a south side elevated rain going at full speed crashed into rear end of another train at Sixtybird street and Madison avenue, Chin A wreckage disastrous to the ars resulted, bat only two of the Sen passengers sustained material jury. CONSIDERABLE excitement has been used at Lisbon, O., among stockolders of the defunet First national ask by a notice from the comptroller the currency requiring them to pay the on every share held by them when be failure occurred. Some of the Lockholders may be forced into bankaptey. The bank will only pay deposfors from so to 73 per cent. A JURY at Feet Scott, Kan. found eat. under the Kansas law. a schooleacher has no authority to lay hands a pupil for the purpose of inflicting perporal punishment, and Frank edges was found guilty of assault ad battery on one of his pupils in the edfield schools for having panished <<< FRED SAWIER, a negro, was hanged Waxahachie, Tex. on the 13th, for assault committed on a white womyear ago. CONSIDERABLE excitement has benn reated by rich gold discoveries 25 eles east of Vernal, Utah, in the Blue constains, near the Colorado line. CONFIRMATION of the report that the erman government was secretly backR the Filipino insurgents was said have been secured in San Francisco. ermany is anxious to secure the Sands for herself. Jour HENRY CABOT LODGE was unanloosly re-elected United States senor by the Massachusetts legislature the 10th. Is the federal court at Dubuque, la. Bedge Shiras decided that the life inrance of a voluntary bankrupt betimes an asset; that the policy is not empt and that a sum equal to its sh value must be turned over to the stees within so days or the policy all become a listed asset. As attorney representing the heirs a Thomas Baxter is pressing their Rims to property in Quiney, III, repsenting millions of dollars Back in early '30's Baxter took upaquarter etion of land on which are now valable business houses. Baxter's patat is in evidence, and there is no recand of any transfer having been made. N. FREE, better known in all the wspaper offices throughout the counby his own preferred name of The mirror J. N." was lying at the the of his Dephew, near Champaign, and on the 13th in what was thought be probably his fatal illness, aprently cancer of the throat TEE roof of the east house of the fornaces at Birmingham, Ala, while a run was and was in - burb by ether, iron the foundryman, other being morning made, pinned John an angle bar to a red hot pig and was burned almost to a Two other men were also seriFA and injured. 03 the 18th the Union Pacific, Denthe 4 Gulf and the South Park lines used out of the receivers' hands and crame the "Colorado road." being ofrially designated the Colorado & The will outhern railway. company perate 1,537 miles of road in Colorado, roming, New Mexico and Texas


Article from Perrysburg Journal, January 21, 1899

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Stockholders Must Pay. Lisbon, O., Jan. 14. - Considerable excitement has been caused here among stockholders of the defunct First national bank by a notice from the comptroller of the currency requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by February 9 or the receiver will enter suit.


Article from The Stark County Democrat, December 15, 1899

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Found Some Money. Lisbon, O., Dec. 14.-Receiver I. B. Cameron, of the First National bank, has discovered $651.61 belonging to M. J. Childs, the long missing cashier, on deposit with the National Building and Loan company, of Cleveland, and has attached it.