17728. First National Bank (St Paris, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2488
Charter Number
2488
Start Date
May 28, 1888
Location
St Paris, Ohio (40.128, -83.960)

Metadata

Model
gpt-5-mini
Short Digest
cd029e4b

Response Measures

None

Description

The articles report the First National Bank of St. Paris suspended on/around May 28, 1888 due to a $10,000 shortage by cashier Emmett V. Rhoades, who was arrested. No reopening is mentioned; outcome beyond suspension is not reported in these items, but the suspension resulted from bank-specific adverse information (cashier shortage/possible embezzlement).

Events (2)

1. August 2, 1880 Chartered
Source
historical_nic
2. May 28, 1888 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier Emmett V. Rhoades (Rhodes) found short $10,000; arrested for violating bank laws; investigation by the Comptroller of the Currency pending; bondsmen expected to make good shortage according to one report.
Newspaper Excerpt
ON the 28th the First National Bank at St. Paris, 0., suspended, owing to the shortage of Emmett V. Rhodes, the cashier, amounting to $10,000.
Source
newspapers

Newspaper Articles (2)

Article from River Falls Journal, May 31, 1888

Click image to open full size in new tab

Article Text

THE Democrats of Maryland made the following Congressional nominations on the 24th: First district, C. H. Gibson (renominated); Third, H. W. Rusk: Fourth, Isadore Raynor (renominated): Fifth, Barnes Comton (renominated); Sixth, H. F. Douglas. At the National meeting of Dunkards at Wabash, Ind., on the 24th it was decided that members must quit using tobacco before they take baptism. JUDGE NASH decided on the 24th that the act of the Legislature of Washington Territory extending the suffrage to women was unconstitutional. ON the 25th Reuben Drake, a well-to-do farmer, sixty years of age, and his wife and two grandchildren were murdered in their home in the town of Kickapoo, Wis. It was supposed the murderer's object was robbery. DEMOCRATS of the Eighth North Carolina district on the 25th renominated W. H. H. Cowles for Congress. OHIO Prohibitionists in convention on the 25th at Toledo nominated the following ticket: Secretary of State, Walter F. Payne; Board of Public Works, J. W. Pen field; Supreme Judge, John F. Moore. THE Prohibitionists of the Seventh Wisconsin district on the 25th nominated J. H. Moseley, of Tomah, for Congress. A RAIN and wind-storm on the 27th at Shelbyville, III., uprooted trees and unroofed houses; and lightning struck one dwelling and a barn, cutting them in two as though cleft with an axe. ON the 27th Bishop Gilmore, of the Canton (0.) Catholic diocese, ordered that no priest should officiate at funerals where flowers were used. At Anderson, Tex., William H. Roe, who murdered his wife by poisoning to secure the insurance on her life, was hanged on the 26th. GREAT damage to property was caused by a cyclone on the 26th in Ottawa and Cloud counties, Kan. Several persons were injured, but none fatally. LOUISIANA Democrats met at Baton Rouge on the 26th and named as delega es-atlarge to St. Louis Samuel D. McEnery, Charles Parlange, James Jeffries and Dudley Avery. The resolutions adopted favor President Cleveland's renomination. IN the Seventh Indiana district the Democrats on the 26th renominated W. D. Bynum for Congress. FIRE destroyed the Parry stove works at South Pittsburg, Tenn., on the 26th. Loss, $200,000. A WATERSPOUT on the 26th at Chadron, Neb., and vicinity did great damage to crops, swept away grazing live stock and inundated miles of territory. ON the 26th the standard gauge railroad to the summit of Lookout Mountain, in Tennessee, was completed. and the first passenger train ran the mountain. WILLIAM JOHNSON and Jefferson Tapley were drowned near Hannibal, Mo., on the 26th by the capsizing of a skiff. A WIND-STORM on the 28th near Morenci, Mich., wrecked eight buildings, tore down fences, uprooted trees and did other damage. A GASOLINE explosion on the 28th in the store of A. F. Zellers, at Frederick, Md., dur ng the progress of a fire, wrecked the building, killed a boy and severely injured seventy persons, ten probably fatally. IN Cincinnati forty-four violators of the Sunday-Closing law were arrested on the 28th. ON the 28th the First National Bank at St. Paris, 0., suspended, owing to the shortage of Emmett V. Rhodes, the cashier, amounting to $10,000. By a stroke of lightning one man was killed and ten others probably fatally injured on the 28th at Milenberg, La. ON the 28th Thomas Waggoner, of Jackson, III., charged with accepting election bribes last fall, was found guilty, ordered to be disfranchised for five years, contined in the county jail for ninety days, and to pay the costs of prosecution. This was the first case under the new law. BUILDINGS were blown down by high wind at Canton, 0., on the 28th, and losses amounting to $70,000 were caused. RAINS on the 28th flooded farm lands and did great damage to crops in many parts of Illinois, Wisconsin and Indiana.


Article from The Worthington Advance, June 14, 1888

Click image to open full size in new tab

Article Text

An Ohio item says: Emmett V. Rhoades, cashier of the First National Bank at St. Paris, Ohio, has been found short in his accounts, and the bank has suspended pending an investigation by the controller of the currency. Rhoades was arrested for violating the bank laws. Theshortage, $10,000 will be made good by Rhoudes' bondsmen. This item has a local interest in connection with the rumors and discussions concerning the First National Bank of this place. Under the law, it seems, neither a cashier nor any other officer connected with the management of the bank can use the funds outside of the regular bank business, and that the stock holders can borrow only a limited per cent of the amount of stock they hold.