17612. First National Bank (Mount Gilead, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
258
Charter Number
258
Start Date
August 26, 1889
Location
Mount Gilead, Ohio (40.554, -82.828)

Metadata

Model
gpt-5-mini
Short Digest
37f3e324

Response Measures

None

Description

Cashier R. A. (Robert) Halliday confessed large defalcations and fled; the First National Bank 'closed Saturday' (reported Aug 26–27, 1889). The closure is presented as permanent in the articles and triggered a local panic. No article describes a reopening.

Events (3)

1. February 16, 1864 Chartered
Source
historical_nic
2. August 26, 1889 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier R. A. (Robert) Halliday confessed large embezzlements/forgeries (defalcations ~$25,000–$50,000) and fled, leading the bank to close/suspend payments.
Newspaper Excerpt
Dishonest Cashier. MOUNT GILEAD (Ohio), August 26th.-It is supposed that the defalcations of Cashier Robert Halliday, of the First National Bank, which closed Saturday, will reach $25,000. Halliday on Friday made a confession to the Directors. He went away on Saturday.
Source
newspapers
3. February 24, 1903 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)

Article from Sacramento Daily Record-Union, August 27, 1889

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Article Text

attention has been detected in a plot to blow up the prison, and a quantity Explosives have been found within the prison walls. Latimer was locked in a solitary dungeon at once on the discovery of the plot. For six weeks past the Warden suspected Latimer was laying some scheme and he has been watched closely. Last Friday a chore man was detected in getting a package near the north wall, which had been thrown over by an outsider during the night. A watchman got the package. It contained a quantity of Hercules powder. Warden Hatch has refused to state the details, and wants to keep the matter quiet SO he may catch Latimer's outside accomplice, and will not state what Latimer says about it. From reliable sourcess it is learned that old prisoners have made use of Latimer's money and secured outside influence to execute the scheme which would, if entirely successful, have partly destroyed the prison and let eight hundred convicts loose. Needs Investigation. ST. LOUIS, August 26th -The Post-Dispatch prints another chapter of its army exposure. It shows a terrible state of affairs at Jefferson Barracks, alleging that recruits are treated like dogs. Men are strung up by the wrists until they swoon from weakness. That brutal Sergeants deem no cruelty too severe. It relates how an insane man was heartlessly tortured, while common soldiers are imprisoned at the whim of their superiors. It is also charged in the expose that in the guardhouse where the prisoners are, they are packed into an inclosure twenty by forty feet. The sanitary condition is terrible. Lame Duck Annihilated. CINCINNATI, August 26:h.-About midnight the steamer Commonwealth came into direct collision with the small steamer Lame Duck opposite Newport. and utterly annihilated the latter. The crew were all saved. In less than one hour later the steamer Commonwealth was discovered on fire, and the flames could not be controlled. The steamer was burned to the water's edge. Loss, $40,000; fully insured. All lives were saved. Fifteen Per Cent. Short. NEW YORK, August 26:h.-When the result of the Vienna Congress became known on the floor of the Produce Exchange today there was considerable excitement. Grain went up 1 per cent. a bushel over Saturday's closing and 1½ cents over the lowest figure of the day. The market gradually settled and peace reigned before the close of day. The result of the Vienna Congress was startling. It showed the European grain crop was 15 per cent. short. Not Determined Yet. DEER PARK (Md.), August 26th.-President Harrison was seen to day at his cottage by an Associated Press representative. The President says he has made no announcement to any one as to the calling of an extra session of Congress. He says he has, of course, discussed the pros and cons of the matter with various persons. However, this much is understood, the question is not determined. Dishonest Cashier. MOUNT GILEAD (Ohio), August 26th.-It is supposed that the defalcations of Cashier Robert Halliday, of the First National Bank, which closed Saturday, will reach $25,000. Halliday on Friday made a confession to the Directors. He went away on Saturday. For the past five years he speculated in wheat and oil, used the bank's money and supplied its place with forged notes. Another Blanket Mortgage. NEW YORK, August 26th.-The Commercial Advertiser says a blanket mortgage for the Atchison, Topeka and Santa Fe Railroad, after the plan of the Northern Pacific, is now suggested as a possible solution of the present difficulty. The plan may be reported at the annual meeting of the stockholders on September 15:h. Construction Train Wrecked. LINCOLN (Neb.), August 26th.-The construction train on the northwestern extension of the Burlington and Missouri River road was wrecked Saturday night near Pine Ridge tunnel, near the northwestern corner of the State. Eleven men were hurt, two of whom, George Moore, the engineer, and James Murnan, a laborer, will probably die. Drunken Men Run Over. DURHAM (N. C), August 26th.-Last night a train on the Richmond and Danville Railroad ran over Arthur Burcham and Calvin Holder, near this city. Both men were drunk and lying on the track near the signal lights, at which the engineer was doubtless looking when the accident occurred. His Labors Ended. WEST LITTLETON (N. H.), August 26th.Colonel Alfred Aylward, formerly of the Transvaal Republic, died here yesterday. His life was full of adventure. He was prominent Fenian, and served in the American War of the Rebellion, also with Garibaldi and in the Boer campaign. Gone to Canada. CLEVELAND (Ohio), August 26th.-A. J. Jackson, of Cleveland, representative of Thomas Cook & Son, Tourist Agents of New York and London, is short $3,600 in his accounts. He has disappeared, and is supposed to have gone to Canada. Fatal Accident. SHANER (Pa.), August 26th -About three hundred feet of the Lake Shore Gas and Coal Company's trestle at Ciera fell this morning. Superintendent Weaser and his brother were fatally injured. Four other men areslightly hurt. All Hands Perished. NORFOLK (Va.), August 26th.-The schooner Joseph went ashore at Cape Henry in last night's gale, and is breaking up. The crew is missing. The schooner Maroon is also wrecked. It is believed all hands perished.


Article from Omaha Daily Bee, August 29, 1889

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Article Text

HALLIDAY'S STEALINGS. They Cause a Panic in the Town and County. MOUNT GILEAD, O., August 28.-|Special Telegram to THE BEE.]-Late Saturday night it was discovered that R. A. Halliday, for twenty-three years cashier of the First National bank, had fled; Sunday it was learned he had taken fully $25,000 with him; Monday it was charged that he had added extensive forgeries to stealing; yesterday his shortage was said to be close to $50,000, and a panic has seized the town and county. Other banks are experiencing a run. The town is crowded with excited farmers, all of whom were depositors. Four failures are already reported, and business is completely prostrated. Halliday's wife is 80 overcome that she has to be guarded to prevent her committing suicide. It is rumored that the bank at Chesterville has suspended payment until the First National's affairs are straigntened. If so, there will be a dozen big failures in the county.


Article from The Monmouth Inquirer, September 5, 1889

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Article Text

TELEGRAPHIC BREVITIES. The World's News Gleaned, Sifted and Condensed. FRESH TIPS FROM THE WIRES. What Is Going On of Interest That Worth Reading-The Wheat of Is World's News Winnowed from a Whole the Week's Threshing. lowed A business the panic in Mt. Gilead, O., day, $50,000 defalcation of R. has folthat cashier place. of the First National A. bank Halli- of nia The has United States circuit court of charge been officially informed CaliforField has of murder against Justice that the missed The the been dismissed. habeas corpus proceedings. Judge Sawyer Stephen dis- J. nominated Montana Democratic state R. Toole for a full governor. state ticket, headed convention by J. A Co., boiler at in the nail factory of men & were Towanda, Pa., exploded Godcharles probably instantly killed; two and five jured. die, and four others others will The The building was badly terribly wrecked. inE. Democrats of Ohio nominated ernor. Campbell, of Hamilton county, James lieutenant The balance of the ticket for govjudge governor, William V. is: For state of supreme court, Martin Marquis: missioner, treasurer, W. E. Boden: school Follett eral, Jesse Charles C. Miller: comsupreme works, M. Lewis: Member board attorney of genFrank Reynolds; clerk of public court, I. J. C. Shumaker. has Rev. been Thomas elevated Griffin, of Worcester, of domestic by the pope to the Mass. gives him prelate to the Vatican, position which the title of monsignor. nolds, Brownlow James and David Harris, William Rey are in Harris and Clifton Hendricks counterfeiting. jail at Indianapolis, charged with sinate An attempt Gus was made in Chicago to Martin Klahr, the tinsmith who assasdered Burke as the man for identified by a tin box on May 6. He whom he solHe a regained dozen young men and knocked was set upon followed by the his ruffians. feet and ran away, closely down. has Mr. instituted Samuel A. Patterson, of his wife, proceedings of divorce Asbury against Park, The who is charged with infidelity. to induce Pittsburg relief committee is used in Governor Beaver refund trying made that cleaning Johnstown, the $125,000 citizens the money was contributed plea being ers and of Pittsburg for the relief of suffer- by not for sanitary work ecution Over a of thousand people witnessed the Wilson Nockum (colored) ex- at Plaquemine, La. G. Charles Davis, R. Flint, of New York, pointed of West Virginia, have and Henry States to delegates the on the part of the been United apto All be held in Washington congress of in American October. nations, from the the counsel for the state have Nagle for prosecution of Deputy Marshal retired the habeas the killing of Judge and Frederick corpus hearing was Terry, loyalty of City, Md. made famous postponed. cause, Barbara Fritchie to the by the ernment has taken steps collect from Union city the war tax of $200,000 levied the gov6418, by the Confederate general Early upon in waylaid Nicholas Carey, of Quincy, Mass., Boston, by John Slattery in Traverse was late at night, dragged into street, passageway and a and robbed of a note for a dark captured small sum of money. Slattery $1,000 was Frank A. Partee committed head. Winthrop, Mass. by shooting himself suicide at is Ex-Treasurer He was 32 years old and unmarried. in the $10,000 short in his Steadman, accounts. of He Vinton, Ia., coming The town of Spring Valley, Ills., is is in fast jail. company's deserted The Spring Valley Coal befor six months mines or has a year. been ordered suspended jail James at Salt Rumville and Charles Curtis held Lake City charged with are in Aug. up 6. and robbed a Rio Grande train having on Miss 87. Ann Jones died at Jay aged for She had been confined Bridge, to her Me. bed sixty years. subsided, The forest fires near Helena, Mon., and danger to the city is have Ills., Thirty prominent citizens of averted. He are being sued by Rev. C. A. Galesburg. was discharged from his Nybladh cause Anna of allegations that he was pastorate bedamages. Anderson's child. He asks the father $25,00C Judge Joshua Clayton, whose Kansas been published, surprised his friends obituary had City (Mo.) Mining and Stock of the heartily. change by walking in and greeting them Exthe Hon. John S. Whipple was nominated ond assembly by the Republicans of the Sec. for Chattaraugus (N. district. office Mrs. Agnes O'Conner vas arrested with Inspector Stuart at Chicago charged by Post fraudulent use of the mails, pointed Fourth class postmasters have been Lobdell in New York state as follows: ap at at North Salem and H. H. Preston Shelter Island Heights. Louisville, County Judge Pulliam was sentenced. killing to fifteen years imprisonment for at to a man who refused to pay astray. liam compromise a charge of leading Mrs. PulThe treasury department has received cutter telegram from Capt. Shepard, of the he Rush, dated Alaska, Aug. 9, in revenue reports the seizure of the which Minnie, Victoria. Pathfinder, Juniata and schooners Port B. and the James G. Swann, Lily, of Townsend, for violation of the laws regard to sealing in Behring sea. Central By last Friday's collision on the Vermont and railroad, Engineer William Conductor Hiram Blodgett, of Embry senger Allen, train, were killed, as was the W. pas Conductor a passenger. Many were W. lect Button, of the freight, injured. crazy. of orders caused the crash, whosene has gone members An alleged of insult to Gen. Sherman thus Phil Sheridan post, G. A. R. is by eral explained by Commander Curtis: themselves members had chartered special car Sev. the and families. When they for car it was filled. The reached for the benefit of the it was learned that Gen. it. car When of those porter who Sherman engaged cleared one those who had taken possession he was was