Farmers Bank (Spring Valley, OH)

Episode Information

Episode UID
1833357291267
Episode Type
Suspension โ†’ Closure
Bank Type
private
Bank ID
183335729 hash
Start Date
July 19, 1905
Location
Spring Valley, Ohio (39.609, -84.007)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
73d91d708a1042da

Response Measures

None

Description

Owner name appears in sources with OCR variants (Smith/Smyth/Snyph).

Events (2)

1. July 19, 1905 Receivership
Newspaper Excerpt
closed its doors today. A receiver has been appointed. The assets are $16,000, with liabilities in excess.
Source
newspapers
2. July 19, 1905 Suspension
Cause
Local Banks
Cause Details
Failure was precipitated by the recent closing of the Yellow Springs Bank.
Newspaper Excerpt
The Farmers' Bank of Spring Valley, Ohio, a private institution owned by George W. Smith, closed its doors today, and a receiver has been appointed.
Source
newspapers

Newspaper Articles (14)

Article from Evening Star, July 19, 1905

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Article Text

FARMERS' BANK FAILED. Assets Reputed $16,000 and Liabilities in Excess. DAYTON, Ohio, July 19.-The Farmers' Bank of Spring Valley, Ohio, a private institution owned by George W. Smith, closed its doors today, and a receiver has been appointed. The assets are $16,000, with llabilities in excess. The failure was precipitated by the recent closing of the Yellow Springs Bank.


Article from The Topeka State Journal, July 19, 1905

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Article Text

Small Bank Fails. Dayton, O., July 19.-The Farmers' bank of Spring Valley, O.. a private institution, owned by George W. Smith, closed its doors today. A receiver has been appointed. Assets $16,000, with liabilities in excess. The failure was precipitated by the recent closing of the Yellow Springs bank.


Article from Bismarck Daily Tribune, July 20, 1905

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Ohio Bank Suspends. Dayton, O., July 20.-The Farmers' bank of Spring Valley, O., a private institution owned by George W. Smith, closed its doors during the day and a receiver has been appointed. The assets are $10,000, with liabilities in excess. The failure was precipitated by the recent closing of the Yellow Spring bank. -


Article from The Bemidji Daily Pioneer, July 20, 1905

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Article Text

Ohio Bank Suspends. Dayton, O., July 20.-The Farmers' bank of Spring Valley, O., a private institution owned by George W. Smith, closed its doors during the day and a receiver has been appointed. The assets are $16,000, with liabilities in excess. The failure was precipitated by the recent closing of the Yellow Spring bank.


Article from Rock Island Argus, July 20, 1905

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Article Text

Ohio Bank Suspends Payment. Dayton, July 20.-The Farmers' bank of Spring Valley, Ohio, a private institution owned by George W. Smyth, has closed its doors and a receiver has been appointed. The assets are $16,000, with liabilities in excess. The failure was precipitated by the recent closing of the Yellow Springs bank.


Article from Omaha Daily Bee, July 20, 1905

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Ohio Bank Fails. DAYTON, O., July 19.-The Farmers' bank of Spring Valley, O., a private institution, owned by George Smith, closed its doors today. A receiver has been appointed, The assets are $16,000, with llabilities in excess. The failure was prectpitated by the recent closing of the Yellow Springs bank.


Article from River Falls Journal, July 27, 1905

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reached New York in the steerage. Five human skeletons were found The $685,000 blind loan made by the Mercantile Trust company to Alexander and Jordan as Equitable trustees has been mysteriously made good. The British government was beaten in the commons on a motion to reduce the Irish land commission, but the ministry, expecting a vote of confidence on another issue, will not resign. The New York legislature, before PPINPING on an island near Hammond, Ind. which Justice Hooker of the supreme court has been on trial, has voted not to remove him from office. The death rate of Chicago shows an increase of more than 20 per cent for the week as a result of the hot spell. Fred McDonald, a young negro, was placed in jail at Lebanon, Mo., charged with the assassination of his father law, Alfred Eldredge. The Farmers' bank of Spring Valley, O., a private institution owned by George W. Smith, closed its doors and a receiver has been appointed. The assets are $16,000 with liabilties in excess. The troop stable at Fort Washakie, Wyo., has been destroyed by fire. Fifty horses belonging to troop F, Tenth United States cavalry, were burned and also three mules and considerable saddlery. Rear Admiral Francis J. Higginson, commandant of the Washington navy yard, has been placed on the retired list of the navy. Five miners were literally torn to pieces by the explosion of 25 pounds of dynamite in a storage powder house at the West Riverside coal mine, two miles west of Des Moines, Ia. Chairman Paul Morton, of the Equitable Life Assurance society, summarily removed as comptroller T. D. Jordan, and appointed in his stead William A. Day, assistant attorney general of the United States. Gen. Oliver O. Ashton, of Boston, dropped dead in the Hotel Washington, in Seattle, Wash., from a stroke of apoplexy brought on by the heat. George Brown, a well-known farmer living near New Martinsville, W. Va., shot and killed William Williams, 15 years old, because he found the lad in his blackberry patch. The final interment of the remains of John Paul Jones may not take place this fall. It is the present intention finally to deposit the remains beneath the great Memorial chapel at Annapolis. which cannot be completed this year. Francis Thomas de Grey Cowper, seventh Earl Cowper, who was lord lieutenant of Ireland from 1880 to 1882, is dead. There being no heir the earldom is now extinct. Earl Cowper was born in 1881 Elihu Root, of New York, has been sworn in as secretary of state. A murderer in the St. Paul prison condemned to death ended his life by strangling himself in his cell. In Chicago Esther Hacken, angered by her aged father's interference in household affairs, threw carbolic acid in his face and destroyed his sight. Railroad companies in Wisconsin evince a desire a comply strictly with the new rate law of that state. United Mine Workers are declared to have spent $1,500,000 to keep alive the strike in the Tennessee Coal & Iron company's mines. At Grantsville, W. Va., Louis Hendrick and Robert McCroskey pleaded guilty to first degree murder and were sentenced to the penitentiary for life. They were charged with the murder of Henry Blackshire. Jealous over the supposed infatuation of her husband for her sister, a Williamsburg (N. Y.) woman kills her own child. President Roosevelt will urge congress to decide on some plan for the federal supervision of life insurance companies. Leading lawyers already are endeavoring to work out a measure that would be constitutional. The forty-sixth annual campmeeting of Methodists at Desplaines, III., opened with a meeting attended by over 2,000. The Chinese empire is on the eve of sweeping reforms, Officials will go to all parts of the world to study questions of government. Justice Brewer in a Milwaukee speech denounced graft as nation's peril. Vice Governor Deutrich, of Finland, was badly wounded by a bomb, thrown by a terrorist as the official was leaving the senate at Helsingfors. E. H. Funston, father of Gen Funston, was found guilty in a Kansas police court for disturbing the peace. Daniel Maloney, who had made numerous successful ascensions with Prof. Montgomery's aeroplane, fell 3,000 feet to his death at Santa Clara, Cal. Seven lives were lost in a disastrous fire, which destroyed the Hoffman house, at Wabasha, Minn. Gen. Francis E. Pinto, who was the only surviving commissioned officer of the Firstregiment, New York volunteers, which served with distinction in the Mexican war, died at his home in Brooklyn. He was 83 years old. The yearly outing of George A. Hulse and his family of eight had a tragicend-


Article from Rosebud County News, July 27, 1905

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General. Buddy Ryan of Chicago was awarded the welter weight championship in the twentieth round of a twenty-five round fight with George Peterson of San Francisco. The Farmers' bank of Spring Valley Ohio. a private institution owned by George W. Snyph, has closed its doors and a reciver has been appointed. The assets are $16,000, with liabilities in excess. Within nine days recently eighty two infants under one year have died in Cleveland and the city health authorities are making a close investigation into sanitary conditions and the milk supply. As the result of a conference be tween team owners and team drivers of Chicago, the owners will not compel the drivers to deliver to boycotted houses, the owners to make such deliveries themselves. The directors of the American Ship building company declared a dividend of 4 per cent on the common stock, payable quarterly. out of the net earnings of the last fiscal year, which ended on June 30 last. The first dividend will fall due on Sept. 1. On the authority of the Nationa. Tube company the statement is made that John P. Shaddick, superintendent of the Lorain, Ohio, tube mills, has decided to refuse the offer of the mikado of Japan to assume charge of the steel industries of the latter coun. try. The United States Steel corporation is beginning to receive large orders for material from railroad companies, which have made up their minds that large crops are assured and that they can safely contract ahead for require. ments for next year. This indicates that the corporation's mills will continue to run day and night with the present big force of workmen. It also means continued prosperity through out the iron mill districts.


Article from The Colfax Gazette, July 28, 1905

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BETWEEN OCEANS Concise Summary of the Wired News of a Week. Important Happenings and Things Interest from All Over a Great Country. Wednesday. July 19 Judge Smith McPherson, in the federal a court at St. Louis, handed down decision today upholding the fraud order issued by Postmaster General Cortelyou against the People's United States Bank. and denying the application for an injunction restraining the postmaster at St Louis from carrying out his in structions. Edward Gottechalk, who murdered Christian Schindeldecke/ in St. Paul, Minn., last February, hanged himself in the county jail in that city today. Five miners were blown to pieces at the West*Riverside coal mine near Des Moines, Iowa, today, by the explosion of 25 pounds of dvnamite in a storage powder house. Lightning struck a tree near the building and ignited the dynamite, as well as two kegs of powder. E. H. Funstan, father of Gen. Funstan, who was charged with assault and carrying concealed weapons, was fined $5 on each charge and the costs of the suit were charged to him, making total of $31 55. in the police court at Iola, Kan, today. The Farmer's Bank of Spring Valley, O., a private institution, closed its doors today. The failure was caused by the recent failure of the Yellow Springs Bank The assets are $16,000. July wheat closed at 87% at Chicago today. Thursday July 20 The strike which the teamsters of Chicago have carried on for the past three months was called off tonight, and the men ordered to seek their old positions. A cloudburet near Joplin, Mo., this morning, caused Spring river to raise 18 feet in few hours. Many residents of the lowlands were driven to the hills, and damage to the amount of $150,000 was done. One man was drowned. T.B. Thueson, a rancher of Wheat land, Wyo., was robbed of over $1000 Salt Lake City Utah, today by a gang of bunco men. They worked the bogus policeman game on him. The City National Bank of Kansas City, Mo., failed to open its doors today The failure was the direct result of the failure of the Topeka National Bank. Ruth Bruffy, a 12 year old girl, was gored to death by a bull while milking cows at her home near Livingston, Mont., today. She attempted to drive the animal away when it turned upon her and inflicted injuries from which she died. With a maximum temperature of 86 degrees there was a general relief in New York city today. Although considerably cooler 25 deaths were reported. July wheat closed at 90 1/4 at Chicago today. Friday, July 21 The excursion steamer Sirus carrying a Sunday school picnic party, today, stove in her side on a rock near where the Slocum foundered last year in New York harbor. The steamer was run aground off North Brother island and the passengers landed with the aid of emall boats. John Gales, who was sentenced to be hanged March 24. 1882, is now in the Joliet, III., penitentiary and no one knows why the death sentence was not carried out. The death warrant is now void and Gales is asking for release in habeas corpus proceedings. Forester Pinchot left Washington, D. C., today for the west, where he will inspect the various forest reserves in that section of the country. By an explosion of a boiler in the battleship Bennington which was lying in the bay at San Diego, Cal., the lives of 39 men were lost and over 70 men re seriously injured. Some of the in jured are 80 badly hurt that they cannot live. The cause of the explosion is unknown and cannot be determined for some time. July wheat closed at 90 1/c at Chicago today. Saturday. July 22 Miss Lucy Monroe, of South Haven, Mich committed suicide today by saturating her clothing with gasoline and setting them on fire. Disappoint ment at her failure to marry an English nobleman is the theory advanced for her self destruction. Fifteen persons were injured, three of them probably fatally, in a collision between two electric care at Portsmouth, .H., today. The body of Admiral John Paul Jonee, recently found in Paris, passed through the Virginia capes \today on the cruiser Brooklyn. F. W. Nutting was fatally injured by a pietol shot in in his room in Salt Lake City, Utah, today. Before his death Nutting said he had been shot by Mrs. D.J. Quinn, who has been arrested. A big blast, containing 45 tons of dynamite, was exploded today at Ports mouth, N. H., removing Henderson's point from the Piecataqua river. The explosion was 8 complete success. This is said to be the largest amount of dynamite ever exploded at one time in this country. Alton Parker Hall, grandson of Judge Alton B. Parker, had a narrow escape from drowning while swimming in the grandfather at was rescued by Hudeon Edward river Esopue, Fritz today of N.Y. Poughkeepsie. with He his Sunday, July


Article from The Sisseton Weekly Standard, July 28, 1905

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General. Buddy Ryan of Chicago was awarded the welter weight championship in the twentieth round of a twenty-five round fight with George Peterson of San Francisco. The Farmers' bank of Spring Valley, Ohio. a private institution owned by George W. Snyph, has closed its doors and a reciver has been appointed. The assets are $16,000, with liabilities in excess. Within nine days recently eightytwo infants under one year have died in Cleveland and the city health authorities are making a close investigation into sanitary conditions and the milk supply. As the result of a conference between team owners and team drivers of Chicago, the owners will not compel the drivers to deliver to boycotted houses. the owners to make such deliveries themselves. The directors of the American Shipbuilding company declared a dividend of 4 per cent on the common stock, payable quarterly, out of the net earnings of the last fiscal year, which ended on June 30 last. The first dividend will fall due on Sept. 1. On the authority of the National Tube company the statement is made that John P. Shaddick, superintendent of the Lorain, Ohio, tube mills, has decided to refuse the offer of the mikado of Japan to assume charge of the steel industries of the latter country. The United States Steel corporation is beginning to receive large orders for material from railroad companies, which have made up their minds that large crops are assured and that they can safely contract ahead for requirements for next year. This indicates that the corporation's mills will continue to run day and night with the present big force of workmen. It also means continued prosperity throughout the iron mill districts. The new judiciary system of Rhode Island has been inaugurated. In place of the supreme court as it has existed for more than a century, a new supreme court has been formed to carry on the work of the former appellate division. while a superior court is substituted for the old common pleas division. The new system was adopted by the last legislature. On motion of the attorneys of the People's United States bank, capitalized at $2,500,000, Judge McElhinney of the St. Louis county circuit court, dissolved the receivership for that institution.


Article from Evening Star, July 29, 1905

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Found Shortage in Bank. L. H. Colvin, appointed receiver of the recently closed Farmers' Bank at Spring Valley, Ohio, on application of three of the heaviest depositors, announced last night an apparent shortage of $12,000. When he took charge of the bank Colvin found only $236 in cash, while depositors personally known to him claim to have deposited an aggregate amount of several thousand dollars within a few days previous to the closing of the bank. Other money, making a total of $12,000, remains unaccounted for. The temporary receiver, Mr. Colvin. who will have charge of the bank until a trustee in bankruptcy is appointed by the depositors, will not state whether criminal proceedings will be brought against George Snypp, sole owner of the closed bank.


Article from The News-Herald, August 3, 1905

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THE FARMERS' BANK. An Apparent Shortage of $12,000 Announced By the Receiver. Springfield, O., July 29.-F. H. Coivin, who was appointed receiver of the recently closed Farmers' bank at Spring Valley by the United States court on the application of three of the heaviest depositors, announced an apparent shortage of $12,000. When he took charge of the bank Colvin found only $226 in cash, while depositors personally known to him claim to have deposited an aggregate amount of several thousand dollars within a few days previous to the closing of the bank. Other money making a total amount of $12,000 remains unaccounted for. The temporary receiver, Mr. Colvin, who will have charge of the bank until a trustee in bankruptcy is appointed by the depositors, will not state whether criminal proceedings will be brought against George Snypp, sole owner of the closed bank.


Article from River Falls Journal, August 3, 1905

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MISCELLANEOUS. Johann Hoch, convicted of murder and bigamy, was snatched from the gallows in Chicago almost at the hour of his execution on a reprieve granted by Gov. Deneen on a showing that sufficient money had been raised to carry the case to the supreme court. All members of the crew of the illfated Bennington have been accounted for. The summary of the situation is 54 identified dead; four unidentified dead; 46 wounded; one missing; 90 injured; one deserter. Another death among the injured of the Bennington's crew has occurred, the victim being W. V. Kennedy. The body will be taken to Alliance, Neb., where the deceased formerly lived. The list of the Bennington dead now numbers 62. The funeral of Ensign Newman K. Perry, the only officer killed in the gunboat Bennington disaster, was held at San Diego, Cal. Secretary Bonaparte promises a prompt and thorough investigation of the explosion on the gunboat Bennington. Chief of Police Francis O'Neill handed his resignation to Mayor Dunne of Chicago, and requested that it take effect at once. John M. Collins was appointed chief of police to Succeed Francis O'Neill by Mayor Dunne. of Chicago. George T. Moore, physiologist and algoloist of the department of agriculture, tendered his resignation to Secretary Wilson, and it has been accepted. E. H. Colvin, who was appointed receiver of the recently closed Farmers' bank at Spring Valley, O., announces an apparent shortage of $12,000. President Roosevelt made a visit to Coney Island to inspect the institution established there by the city of New York to improve the condition of the poor. Alexander Winn and Nelson Walker, negroes, convicted of having murdered Mr. Charles Hawk, a white trading boatman, were hanged at Vidalia, La. Joseph Moyer, pawnbroker in Detroit, Mich., was attacked and fatally injured by thieves. The thieves got away with about $600 in money and probably $1,000 worth of diamonds. Moyer died. President Morton, of the Equitable Life Assurance society, accepted the resignation of A. C. Haynes, a leading general agent of the society. Paul Morton has been elected to the full presidency of the Equitable Life Assurance society. Two dead, two fatally burned and three others seriously injured is the result of an explosion of a gasoline stove at the home of Levi Titus, of Braddock, Pa. Burglars looted a New York residence in, the absence of the occupants. They secured $35,000 worth of jewels. Brig. Gen. Thomas H. Barry has been selected for president of the war college at Washington. Gen. Barry is now in Manchuria with the Russian army. Secretary Wilson's health has been broken by worry over the crop report scandal. Thirty-four persons have died of yellow fever in New Orleans during the present epidemic. There were 154 cases reported. The state has quarantined the city. The forest service plans to collect tree seeds to be used in reforestation. State Senator Butt of Arkansas has been arrested on a bench warrant charged with vote buying. Former Gov. Odell of New York says Equitable criminals, if any are found, should be sent to prison.


Article from The L'anse Sentinel, August 5, 1905

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MISCELLANEOUS Johann Hoch, convicted of murder and bigamy. was snatched from the gallows in Chicago almost at the hour of his execution on a reprieve granted by Gov. Deneen on a showing that sufficient money had been raised to carry the case to the supreme court. All members of the crew of the illfated Bennington have been accounted for. The summary of the situation is 54 identified dead; four unidentified dead; 46 wounded; one missing; 90 injured; one deserter. Another death among the injured of the Bennington's crew has occurred, the victim being W. V. Kennedy. The body will be taken to Alliance. Neb., where the deceased formerly lived. The list of the Bennington dead now numbers 62. The funeral of Ensign Newman K. Perry, the only officer killed in the gunboat Bennington disaster, was held at San Diego, Cal. Secretary Bonaparte promises a prompt and thorough investigation of the explosion on the gunboat Bennington. Chief of Police Francis O'Neill handed his resignation to Mayor Dunne of Chicago, and requested that it take effect at once. John M. Collins was appointed chief of police to succeed Francis O'Neill by Mayor Dunne. of Chicago. George T. Moore, physiologist and algoloist of the department of agriculture. tendered his resignation to Secretary Wilson, and it has been accepted. E. H. Colvin, who was appointed receiver of the recently closed Farmers' bank at Spring Valley, O., announces an apparent shortage of $12,000. President Roosevelt made a visit to Coney Island to inspect the institution established there by the city of New York to improve the condition of the poor. Alexander Winn and Nelson Walker, negroes, convicted of having murdered Mr. Charles Hawk, a white trading boatman. were hanged at Vidalia, La. Joseph Moyer, pawnbroker in Detroit, Mich., was attacked and fatally injured by thieves. The thieves got away with about $600 in money and probably $1,000 worth of diamonds. Moyer died. President Morton. of the Equitable Life Assurance society. accepted the resignation of A. C. Haynes, a leading general agent of the society. Paul Morton has been elected to the full presidency of the Equitable Life Assurance society. Two dead, two fatally burned and three others seriously injured is the result of an explosion of a gasoline stove at the home of Levi Titus, of Braddock, Pa. Burglars looted a New York residence in the absence of the occupants. They secured $35,000 worth of jewels. Brig. Gen. Thomas H. Barry has been selected for president of the war college at Washington. Gen. Barry is now in Manchuria with the Russian army.