17669. First National Bank (Oxford, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4599
Charter Number
4599
Start Date
February 1, 1904*
Location
Oxford, Ohio (39.507, -84.745)

Metadata

Model
gpt-5-mini
Short Digest
481e9f2c

Response Measures

None

Description

The First National Bank of Oxford entered voluntary liquidation in February 1904 and remained in that status; in September 1905 a stockholder applied for a receiver alleging misconduct and claiming stockholders were shortchanged. No bank run is mentioned. This is a voluntary liquidation leading to receivership/closure.

Events (5)

1. July 18, 1891 Chartered
Source
historical_nic
2. February 1, 1904* Suspension
Cause
Voluntary Liquidation
Cause Details
Bank entered voluntary liquidation (in process since Feb 1904); suspended normal operations as part of liquidation.
Newspaper Excerpt
the First National bank of Oxford, which has been in process of voluntary liquidation since February, 1904.
Source
newspapers
3. February 10, 1904 Voluntary Liquidation
Source
historical_nic
4. September 2, 1905 Other
Newspaper Excerpt
Application was made to-day in the Common Pleas court by Sloane Gordon for a receiver for the First National Bank of Oxford, Ohio. Mr. Gordon is a stockholder. The bank recently went into voluntary liquidation, and Mrs. Elizabeth Heath ... was appointed an agent to distribute the assets among the stockholders. Gordon alleges ... stockholders received only 92 per cent ... while the property was sufficient to have paid 125 per cent. (New-York Tribune, 1905-09-03).
Source
newspapers
5. September 2, 1905 Receivership
Newspaper Excerpt
Application was made today in the common pleas court by Sloan Gordon, for a receiver for the First National Bank of Oxford, Ohio. ... Gordon alleges ... stockholders received only ninety-two per cent on the capital stock, while the property was sufficient to have paid 125 per cent. (Evening Star, 1905-09-03).
Source
newspapers

Newspaper Articles (5)

Article from New-York Tribune, September 3, 1905

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Article Text

STOCKHOLDER SEEKS RECEIVER. Allegations Against Woman Agent of Oxford (Ohio) Bank. Hamilton, Ohio, Sept. 2.-Application was made to-day in the Common Pleas court by Sloane Gordon for a receiver for the First National Bank of Oxford. Ohio. Mr. Gordon is a stockholder. The bank recently went into voluntary liquidation, and Mrs. Elizabeth Heatr, wife of Fletcher Heath, who was connected with the Seventh Na. tional Bank of New-York, was appointed an agent to distribute the assets among the stockholders. Gordon alleges in his petition that Mrs. Heath paid the depositors and all of the debts in full, but that the stockholders received only 92 per cent on the capital stock, while the property was sufficient to have paid 125 per cent.


Article from Evening Star, September 3, 1905

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Article Text

ASKS FOR RECEIVER. Application by Stockholder of Oxford (Ohio) Bank. HAMILTON, Ohio, September 2.-Application was made today in the common pleas court by Sloan Gordon, for a receiver for the First National Bank of Oxford, Ohio. Mr. Gordon is a stockholder. The bank recently went into voluntary liquidation and Elizabeth Heath, wife of Fletcher Heath, who was connected with the Seventh National Bank of New York, was appointed an agent to distribute the assets among the stockholders. Gordon alleges in his petition that Mrs. Heath paid the depositors and all of the debts in full, but that the stockholders received only ninety-two per cent on the capital stock, while the property was sufficient to have paid 125 per cent.


Article from The Manitowoc Pilot, September 7, 1905

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Article Text

WOMAN BANKER UNDER FIRE. Mrs. Fletcher S. Heath of Hamilton (0.) Accused of Misconduct. HAMILTON. O., Sept. 4.-Application has been made for the appointment of a receiver for the First National bank of Oxford, which has been in process of voluntary liquidation since February, 1904. The suit was filed by S. Gordon of Hamilton, and makes accusations of misconduct against Mrs. Fletcher S. Heath, who has charge of the bank's affairs. She is a sister-in-law. of Perry S. Heath and the wife of a Chicago broker, who was vice president of the Seventh National bank of New York at the time of its failure.


Article from Rosebud County News, September 14, 1905

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Article Text

General. The Mexican Power company of New Jersey, capital $10,000,000 has been organized. Application has been made for the appointment of a receiver for the First National bank of Oxford, Ohio. Harry Cooley was struck by a NorthWestern passenger train in the yards at Eagle Grove, Iowa, and killed. The Philadelphia Traction company has declared a semi-annual dividend of $2 per share, payable Oct. 2, the books to close Sept. 9. The sixth annual convention of the chief car inspectors and car foremen of the railroads of the United States opened at Cleveland, with an attend ance of 200 delegates. William B. Gill, aged fifty-nine ,formerly a district superintendent of the Western Union Telegraph company, with headquarters in Philadelphia, died at his home in Cheltenham, a suburb. Thomas Fitchie, ex-commissioner of immigration of the port of New York and the original "McKinley man" of Kings county, is dead at his home in Brooklyn. He was seventy-two years old. Francis B. Stevens, a member of the well known Stevens family of Hoboken and grandson of the late Commodore Stevens, committed suicide by shooting at his home, "The Cottage," at Westbury, L. I. Adam Bryant of Marion, one of the best known horsemen in the state, was taken to a hospital at Cedar Rapids to undergo an operation for cancer. As the physicians were administering ether, Bryant died of hemorrhage of the brain.


Article from Pierre Weekly Free Press, September 14, 1905

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Article Text

Carnegie, Whitelaw Reid, Charlemagne Tower and Bishop Potter of New York, and Nicholas Murray Butler, president of Columbia university. A bomb exploded with terrific force on the marine parade at Barcelona, Spain, which was thronged with a holiday crowd. A panic followed and the air was rent with the shrieks and groans of the fifty or sixty victims, including one woman killed and five persons mortally wounded. The perpetrator of the outrage has not been found. Accidental Happenings. Fire at Calumet, Mich., destroyed the manual training building of the Calumet high school and the Miscowaubik club house. Loss, $100,000. Five persons were injured and a score of others were shaken up in a rear-end collision on the Rockford & Freeport interurban railroad near Winnebago, Ill. By the explosion of a peanut roaster at Evansville, Ind., at a labor picnic Fred Dillman, aged nine years, was instantly killed and Vincent Ameroso was probably fatally injured. John H. Talem, son of B. H. Talem, assayer in charge of the United States assay office at Helena, is dead on the Cascade ranch from injuries sustained while rounding up cattle. His horse fell on him and he never regained consciousness. Four young women, two of whom were returning from their father's funeral, were drowned in he Hudson river at Hudson, N. Y., when the small pleasure steamer Young America was run down and sunk by the ferry boat George H. Power. Lightning struck a barn on Floyd Sparris' ranch on Clear creek, Carbon county, Mont., and rendered four children, who were playing in the barn unconscious. Ray Seaborough's clothes and shoes were torn from his body and he was severely bruised, but may live. Fire has completely destroyed the Odd Fellows' Orphan home, located just south of Mason City, Iowa. No loss of life has been discovered. The inmates were mostly children and aged persons, between 400 and 500 in number. The loss is estimated at between $75,000 and $80,000. General. The Mexican Power company of New Jersey, capital $10,000,000 has been organized. Application has been made for the appointment of a receiver for the First National bank of Oxford, Ohio. Harry Cooley was struck by a NorthWestern passenger train in the yards at Eagie Grove, Iowa, and killed. The Philadelphia Traction company has declared a semi-annual dividend of $2 per share, payable Oct. 2, the books to close Sept. 9. The sixth annual convention of the chief car inspectors and car foremen of the railroads of the United States opened at Cleveland, with an attendance of 200 delegates. William B. Gill, aged fifty-nine ,formerly a district superintendent of the Western Union Telegraph company, with headquarters in Philadelphia, died at his home in Cheltenham, a suburb. Thomas Fitchie, ex-commissioner of immigration of the port of New York and the original "McKinley man" of Kings county, is dead at his home in Brooklyn. He was seventy-two years old. Francis B. Stevens, a member of the well known Stevens family of Hoboken and grandson of the late Commodore Stevens, committed suicide by shooting at his home, "The Cottage," at Westbury, L. I. Adam Bryant of Marion, one of the best known horsemen in the state, was taken to a hospital at Cedar Rapids to undergo an operation for cancer. As the physicians were administering ether, Bryant died of hemorrhage of the brain. Eddie Hanlon of San Francisco won from Willie Fitzgerald of Brooklyn on a foul in the seventh round. When the foul was committed Hanlon apparently had Fitzgerald beaten. Conduct unbecoming an officer is the charge which has been made against Policeman James Kilgallon of Pittsburg before the police trial board, and there is every reason to believe that Kilgallon will lose his job. According to the complaint, Kilgallon tried to kiss Mrs. Mary B. Dick and was so clumsy in his efforts that he bit her on the lip. Mrs. Dick is young, wealthy and prominent socially