17572. Bank of Marietta (Marietta, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 29, 1886
Location
Marietta, Ohio (39.415, -81.455)

Metadata

Model
gpt-5-mini
Short Digest
9ca5e064

Response Measures

None

Description

Contemporary dispatches (Apr 29–30, 1886) report the Bank of Marietta closed its doors and made an assignment to trustees because of embarrassment from real estate transactions. No run is described; the bank suspended and an assignment/receiver was made, implying permanent closure. OCR corrected minor punctuation; dates taken from article dates.

Events (2)

1. April 29, 1886 Receivership
Newspaper Excerpt
having made an assignment to T. W. Moore and A. T. Nye, in consequence of embarrassment from real estate transactions. The deposits amount to over $100,000.
Source
newspapers
2. April 29, 1886 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Embarrassment from real estate transactions (heavy real-estate burden/liabilities over $100,000).
Newspaper Excerpt
the Bank of Marietta closed its doors this morning, having made an assignment to T. W. Moore and A. T. Nye, in consequence of embarrassment from real estate transactions.
Source
newspapers

Newspaper Articles (3)

Article from The Indianapolis Journal, April 30, 1886

Click image to open full size in new tab

Article Text

An Ohio Bank Suspends. CINCINNATL April 29.-The Times-Star's Marietta. O., special says the Bank of Marietta closed its doors this morning, having made an assignment to T. W. Moore and A. T. Nye, in consequence of embarrassment from real estate transactions. The deposits amount to over $100,000. It is thought the real estate will be sufficient to pay the depositors in full.


Article from The True Northerner, May 6, 1886

Click image to open full size in new tab

Article Text

WESTERN. A dispatch from Pantano, Ari., reports that forty Indians attacked Richardson & Gormley's ranch, twenty miles southwest of that point, and killed eight persons. A mad dog at Pullman, III., bit several people before it was killed. A subscription was raised and the victims were sent to Paris for treatment by Pasteur. In a labor dispute at St. Louis John Gibbons, a striker, assaulted William E. Withers, a scab. The latter then drew his revolver and shot Gibbons dead. The Union Pacific Road will at once begin the erection of a union depot at Omaha, to cost $400,000. A large freight house will also be built. The explosion of a lard tank in the packing-house of Tobey & Booth, Chicago, caused the death of one man and the wounding of two others. George E. Graham, the Missouri wife-murderer, was buried in the potter's field at Springfield Mrs. Molloy has gone to Bolivar to attend Cora Lee, who is about to become a mother. All the planing mills at Milwaukee, save two, shut down in preference to paying ten hours' pay for eight hours' work. A heavy burden of real estate caused the suspension of the Bank of Marietta, in Ohio, with deposits in excess of $100,000. At the Ohio G. A. R. encampment at Cleveland, Col. A. L. Conger, of Akron, was elected Department Commander, and Rutherford B. Hayes was chosen delegate to the National Convention. A loss of $750,000 was the result of a fire, at San Francisco, in the furniture store of L. & E. Emanuel and the publishing establishment of A. L. Bancroft & Co. A spectator was killed by a falling wall. The business portion of Keystone, Iowa, was entirely swept away by fire. The losses aggregate $55,000, with insurance of $26,000.


Article from Wessington Springs Herald, May 14, 1886

Click image to open full size in new tab

Article Text

then drew his revolver and shot Gibbons dead. AT a meeting on the 28th the furniture manufacturers of Chicago resolved to close their shops should a demand be made for eight hours' labor. INDIANS were reported on the 28th to have attacked a ranch twenty miles south- west of Pantano, A. T., killing eight per- sons. SEVERAL hundred feet of the levee a mile below Austin, Miss., had been swept away on the 28th, increasing the inundation in Tunica and Coahoma Counties. A general break up in the Arkansas levees was re- ported, the gaps ranging from one hundred feet to half a mile in extent. ALL the planing-mills at Milwaukee save two shut down on the 29th in preference to paying ten hours' pay for eight hours' work. TELEGRAMS of the 29th say a mysterious and fatal disease has broken out in Rowels- burg, W. Va. The victims are first seized with a severe pain in the head and are dead within twelve hours. After death the bodies become spotted. GEORGE PARKS, of Kirksville, Mo., an old Union soldier, who left a leg on the battle- field, met with an accident in a sausage factory on the 29th by which he would lose his other leg. # THE championship season of the National Base-Ball League opened on the 29th. GREAT damage was done eight miles north of Mississippi City, Miss., on the 29th by a cyclone. It moved in a path three-quarters of a mile wide. Large quantities of timber were blown down and lofty pines were uprooted. # THE Bank of Marietta, O., has failed with liabilities of over $100,000. THE machine manufacturers and foundry- men of Chicago stated on the 29th that they were opposed to giving ten hours' pay for eight hours' work, and so were the parlor furniture manufacturers. THE report that eight persons had been killed by Indians near Pantana, A. T., proved on the 29th to be unfounded. THE Lower Mississippi was above high- water mark on the 29th and still rising. THE freight-handlers employed in Chi- cago by the St. Paul and Northwestern roads presented demands on the 29th for eight hours' labor and ten hours' pay. THE Treasury Department at Washing- ton on the 29th decided that Chinese sea- men may be allowed to land on our shores without a certificate for the purpose of shipping on a return voyage as soon as possible. A HURRICANE had on the 29th prevailed for twenty-four hours in Nebraska, the wind being so heavy that trains were re- tarded. The effect on young stock, it was feared, would be disastrous. GEORGE EDWARDS, the last of the gang of forgers wanted in several of the large cities throughout the country, was arrested in New York on the 30th ult. KEYSTONE, Ia., was visited on the 30th ult. by a fire which destroyed the post- office and ten other buildings. The chief portion of the business district of the town was consumed. THE Third Avenue Railroad Company at New York had cowboys from the South and West to run its cars on the 30th ult. THREE boot and shoe factories and a hotel at Natick, Mass., were destroyed by fire the other morning, the loss reaching $50,000. # THE Advance elevator at Kansas City, Mo., containing 55,000 bushels of grain, was destroyed by fire the other night. Loss, $100.000. THE safe in the private bank of O. S. Laugan, at Bluffton, O., was blown open by burglars on the 30th ult., and nearly five thousand dollars in money and several thousand dollars in securities were stolen. THE eight-hour agitation in Chicago had on the 30th ult. resulted in closing all the furniture and box factories and in the sus- pension of work at most of the iron and brass shops, throwing a total of 25,000 men out of work. THE floods in Arkansas were on the 30th ult. causing great suffering among the people, many being without food. THE business failures occurring through- out the country during the seven days ended on the 30th ult. numbered for the United States 189, and for Canada 18, or a total of 207, as compared with a total of 194 the previous seven days. The total fail- ures from January 1 to date number 3,986, against 4,640, during the same time in 1885. A DIFFICULTY which arose a few days ago in the office of the county clerk at Williamstown, Ky., resulted in the death of W. W. Wainscott and the fatal wound- ing of Turner Holbrook and Clay Wilson. LOUIS SOMERFIELD and Richard J. Lee (colored) were executed at Washington, D. C., on the 30th ult.; J. M. Armstrong was hanged at Perryville, Ark.; James Walker was executed at St. Augustine, Fla., and George Carroll paid the ex- treme penalty at Searcy, Ark. All had been convicted of murder. S. W. FLOSS & Co.'s notions and white- goods establishment at Baltimore was gutted by fire the other night, and adjoin- ing buildings were badly damaged. The total losses would aggregate $600,000. THE grand jury at New York returned a presentment on the 30th ult. condemning boycotting as a "cursed exotic," and urg- ing the press, the bench, the bar and the Legislature "to aid in exterminating the hydra-headed monster." A LOSS of $750,000 was the result of a fire on the 30th ult. at San Francisco in the furniture store of L. & E. Emanuel and the publishing establishment of A. L. Ban- croft & Co. A spectator was killed by a