18559. First National Bank (Claysville, PA)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
4273
Charter Number
4273
Start Date
October 10, 1904
Location
Claysville, Pennsylvania (40.118, -80.410)

Metadata

Model
gpt-5-mini
Short Digest
6f2b4834

Response Measures

Full suspension

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1904-10-11
Date receivership terminated
1907-04-13
OCC cause of failure
Fraud
Share of assets assessed as good
41.0%
Share of assets assessed as doubtful
45.4%
Share of assets assessed as worthless
13.6%

Description

Multiple contemporaneous wire stories report a heavy run (triggered by the assignment of director N. B. Brockman and circulation of an unfavorable report) that occurred the day before the bank closed. The bank closed its doors and National Bank Examiner C. W. Robinson was appointed receiver. Dates: run reported as 'yesterday' with closure reported Oct 11, 1904, so run dated 1904-10-10 and closure/receivership 1904-10-11.

Events (5)

1. March 27, 1890 Chartered
Source
historical_nic
2. October 10, 1904 Run
Cause
Bank Specific Adverse Info
Cause Details
Assignment of director N. B. Brockman and circulation of an unfavorable report of the bank's condition among depositors (report spread during church on Sunday) triggered heavy withdrawals.
Measures
Bank closed its doors the next morning; president notified Comptroller and examiner appointed.
Newspaper Excerpt
The First National Bank was subjected to a heavy run yesterday following the assignment on Saturday of N. B. Brockman, one of the directors.
Source
newspapers
3. October 11, 1904 Receivership
Source
historical_nic
4. October 11, 1904 Receivership
Newspaper Excerpt
National Bank Examiner C. W. Robinson has been appointed receiver.
Source
newspapers
5. October 11, 1904 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closure was a direct consequence of the heavy run precipitated by the assignment of a director and circulated unfavorable report; receiver appointed by national bank examiner.
Newspaper Excerpt
The president of the First National Bank of Claysville, Pa., that he closed its doors this morning in consequence of a run yesterday. National Bank Examiner C. W. Robinson has been appointed receiver.
Source
newspapers

Newspaper Articles (15)

Article from Evening Star, October 11, 1904

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Article Text

CLAYSVILLE BANK FAILURE. Assignment of Director Causes a Run -Organized Fifteen Years Ago. CLAYSVILLE, Pa., October 11.-The First National Bank was subjected to a heavy run yesterday following the assignment on Saturday of N. B. Brockman, one of the directors. The assignment and an unfavorable report of the bank's condition was circulated among the depositors while at church on Sunday and a run was started when the bank opened for business on Monday morning. The bank was organized fifteen years ago, with a capital of $50,000. There are nine directors, all residents of Claysville, with the exception of J. P. Miller of Washington, Pa. His son, H. H. Miller, resigned as cashier of the bank about two weeks ago. The controller of the currency has been advised by the president of the First National Bank, Clayesville, Pa., that he closed its doors this morning in consequence of a run yesterday. National Bank Examiner C. W. Robinson has been appointed receiver. The following is a statement of the resources and liabilities of the bank, as shown by its last report of condition, dated September 6, 1904: Resources Loans and discounts, $192.038; overdrafts, $3,000; U. S. bonds, $50,000; bonds, securities, etc. $16,204; Due from banks and bankers, $22,591; cash and cash items, $17,906; total, $801,747. Liabilities-Capital stock, $50,000; surplus and undivided profits, $18.741; circulation, $50,000; due to banks, $282; deposits, $158,265; rediscounts and bills payable, $24,456; total, $301,747.


Article from Santa Fe New Mexican, October 11, 1904

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Article Text

PENNSYLVANIA BANK FAILURE Local Institution at Claysville Closed Its Doors-Receiver Appointed. Washington, D. C, Oct. 11.-The First National Bank of Claysville, Pennsylvania, closed its doors today in consequence of a run yesterday. A receiver has been appointed. The latest statement issued by the bank for the quarter ending September 6th, shows the total liabilities to be $300,000, including deposits amounting to $158,000.


Article from Las Vegas Daily Optic, October 11, 1904

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Article Text

PENNSYLVANIA NATIONAL BANK CLOSED. WASHINGTON Oct. 11.-The First National bank of Claysv'lle Penn. closed its doors today in consequence of the run yesterday, A receiver has been appointed. The last statement issued by the bank on Sept. 6th, shows that the total liabilities we $300,000 including deposits of $158, 000.


Article from Sistersville Daily Oil Review, October 11, 1904

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Article Text

CLAYSVILLE, PA., BANK CLOSES doors this morning. This action Special to The Oil Review. became necessary on the part of Washington, Oct. 11.-The the bank officials on account of Comptroller of Currency has been the run which was made on this advised by the President of the institution yesterday. National Bank Examiner Robinson has been First National bank at Claysville, Pa., that that bank closed its appointed receiver.


Article from Deseret Evening News, October 11, 1904

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Article Text

Claysville, Pa, Bank Closed. Washington, Oct. 11.-The First National bank of Claysville, Pa., closed its doors today in consequence of a run yesterday. A receiver has been appointed. The last statement issued by the bank Sept. 6 shows total liabilities $300,000, including deposits of $158,000.


Article from The Topeka State Journal, October 11, 1904

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Article Text

Run Closes a Bank. Washington, Oct. 11.-The First National bank of Claysville, Pa., closed its doors today in consequence of a run yesterday. A receiver has been appointed. The last statement issued by the bank September 6, shows total liabilities $300,000, including deposits of $158,000.


Article from New-York Tribune, October 12, 1904

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Article Text

RUN CLOSES A NATIONAL BANK. Washington, Oct. 11.-The Controller of the Currency has been advised by the president of the First National Bank of Claysville, Penn., that he closed its doors this morning because of a run yesterday. National Bank Examiner C. W. Robinson has been appointed receiver. The last report of the bank's condition, dated September 6, 1904, shows loans and discounts. $192,038; total resources, $301,747; capital stock, $50,000, and deposits, $158,263. Claysville, Penn., Oct. 11. .-The First National Bank was subjected to a heavy run yesterday, following the assignment on Saturday of N. B. Brockman, one of the directors. An unfavorable report of the bank's condition was circulated among the depositors while at church on Sunday, and a run was started when the bank speand for business on Monday morning.


Article from The St. Louis Republic, October 12, 1904

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Article Text

GENERAL DOMESTIC. Action by the United States Government toward investigating the affairs of the Congo Free State is forestalled by the work now being done by a commission representing three powerful International associations. The First National Bank of Claysville, Pa., closes Its doors, following a heavy run, Monday. The Reverend M. B. Williams of Chicago, says flirting is often carried on to the advantage of the church. He says he is glad of any attraction to bring young people to the church. Three boys are drowned by the overturning of a skiff at Kingston Mines, III. Judge Jones of Huntsville, Ala., instructs jury to disregard the color line in investigating the Horace Maples lynching. The Government takes a hand in the investigation of the numerous deaths in a locality of New York, due to poisoned whisky. One arrest has been made. A Milwaukee court annuls a city contract, rendering a decision to the effect that the eight-hour law cannot be made to apply to public contracts. Two brakemen are arrested at Jefferson City, charged with robbing the body of a fellow employe who was killed in the wreck near Warrensburg. Mo. The Coroner's jury holds that the crew of the freight train involved in a wreck near Warrensburg is responsible for the accident and It is stated that prosecution will be begun immediately.


Article from The Bemidji Daily Pioneer, October 12, 1904

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Article Text

Pennsylvania Bank Closed. Washington, Oct. 12.-The comptroller of the currency has been advised by the president of the First National bank of Claysville, Pa., that he closed its doors during the morning in consequence of a run. National Bank Examiner C. W. Robinson has been appointed receiver.


Article from Americus Times-Recorder, October 12, 1904

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Article Text

Bank's Doors Closed. Washington, Oct. 11-The comptroller of the currency has been advised by the president of the First Nation. al bank of Claysville, Pa., that he closed its doors today in consequence of a run yesterday. National Bank Examiner C. W. Robinson has been appointed receiver.


Article from The Savannah Morning News, October 12, 1904

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Article Text

Bank Had to Close Down. Washington, Oct. 11.-The controller of the currency has been advised by the president of the First National Bank, Claysville, Pa., that he closed its doors to-day in consequence of a run yesterday. National Bank Examiner C. W. Robinson has been appointed receiver. The bank has a capital of $50,000 and deposits of $158,000.


Article from The Democratic Advocate, October 15, 1904

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Article Text

Robert J. Wynne, First Assistant Postmas ter-General has been appointed to succeed the late Henry C. Payne. According to the latest returns to the Territorial Board of Equalization, there are 237,696 cattle in Arizona, valued at $1,578,625. As a result of a run following the assignment of one of its directors, the First National Bank of Claysville, Pa., has closed its doors. Glass houses of a very substantial kind can be built now. Silesian glassmakers, are turning out glass bricks for all sorts of building purposes. Nellie Gardner and Mabel Wright, of Belleville, III., have been sentenced each to 14 years in the penitentiary for complicity in the murder of John Dunlap. Herman Lutz. a wealthy cigar manufacturer of Winterstown, Pa., died October 10. as a result of lockjaw, which was caused by Lutz having right hand badly mangled in a tobacco cutter about two weeks ago. The symptoms developed Sunday and he died in great agony.


Article from The Pickens Sentinel-Journal, October 19, 1904

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Article Text

National Bank Closed by Run. The comptroller of the currency has been advised by the president of the First National Bank, Claysville, Pa., that he closed its doors Tuesday in consequence of a run Monday. No.tional Bank Examiner C. W. Robinson has been appointed receiver.


Article from The Greenville Times, October 22, 1904

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NEWS AND NOTES. Freets, Jo Areumng V PERSONAL AND GENERAL Two Wabash freight trains, westhound, collided, rear-end, near ChilliJO Geerge pue 'ynn eqf uo "OW cother Runyon, of Moberly, Mo., conductor SEM them, JO euo The comptroller of the currency has been advised that the First national bank, Claysville, Pa., closed its doors, 'uns e JO up 'quit eq: no The attendance at the World's fair on Missouri day is estimated at 160,000. Special trains from all over the state ns 01 10 thousands carried Louis for the celebration, the chief events of which were a military parade, reception and ball. The impression is gaining ground that Gen. Kuropatkin's offensive move- inment against the Japanese was spired by pressure from St. Petersburg. B em of du accounts 180151 1V sanguinary engagement was in progress. Albert J. Adams, the former policy king of New York, was released from '9711 eq: uo prison Suid SUIS Col. James P. Averill, national junior pepp R. 'V 'D em JO suddenly at his home in Atlanta, Ga., '4111 our UO Four business blocks were destroyed in the heart of Winnipeg, Man., on the 11th. During an attempt to haze freshmen made by a party of sophomores at the Michigan college of mines at Houghton, Mich., on the 11th, serious injury, which it is feared may result faem JO euo 01 euop SUM seves 4111 eq: JO dispated LIORO V the TO status the JO account 18.1g the Japanese gunboat Hei-Yen off Pigeon bay, September 18. having come in con- All tact with a mine during a storm. on board, nearly 300 men, perished, think SATE Three boys were drowned, on the 11th, by the overturning of a skiff at Kingston Mines, III. As indicative of the desperate na ture of the fighting in the battle south pies FI 11 Manchurla, u; JO that in a single Russian regiment, out of over a hundred officers, only eight escaped either death or wounds. pettir pue tous SEM oum burglar V wood aut up POCATION his Suifid Phile ing house conducted by Mrs. John Volsmer, in St. Louis, early on the morning of the 15th, was found to be wearing corsets, probably to protect his body in case of attack. The Philippine Exposition board, in 01 prizes shand 3L 01 addition pine exhibtors, will have struck a spe cial bronze medal commemorative of the exposition, and every Filipino man, voman and child, including the scouts battalion and the Philippine constab ulary attending the World's fair will receive one. The Louisiana Purchase Exposition on the 15th, paid into the United Co., States subtreasury at St. Louis $500, 000, being the ninth semi-monthly pay ment on the $4,600,000 loan from the yet 098 169$ anq que. Official reports regarding Gen. Kuropatkin's side of the fight south of Mukden were lacking in St. Petersburg, or st there up 'pus 12th eq: considerable uneasiness. The Japanese government has decid-'000'01$ JO [18] domestic B Roat 01 pa 000, representing the balance of the amount authorized by the diet. Manuel Quintana was, on the 12th. inaugurated as president of Argentina. The event passed off without especial incident. The republic is calm. John Harper, a negro, was hanged Magnolia, Ark., on the 12th. for the 0H Mebruary. 1581 with his JO 18 admitted his guilt. W. R. Eaves, former cashier of the Citizens' national bank of Arlington, Year B UMO7 rate mous peg oum "xel ago, under a charge of embezzling no 1 as u; arrested SUM '000'0I$ 1874 eq: Chicago is to have the largest hotel in the world. It will cost $10,000,000. etze aj TRANT pus 'ysis stories 22 eq and magnificence, it is promised, any structure of the kind ever erected. Miss Bessie Stone and Robert Gill, who eloped from Ashland, Va., October 11, were found dead with their hands clasped, near a pond in that vioinity, on the 13th, by a searching party. Both had died from pistol shots. The William Rudolph murder case -ns Misson our 01 subblitted SUM preme court, on the 13th, and a decision may be expected in about one month. Fire, on the 13th, destroyed three buildings of the plant of the United Zinc & Chemical Co. at Argentine, **00T$ 18 estimated sso[ e cansult "SEM 000. The fourth day of the great battle south of Mukden found the Russian forces retiring under the terrible pressure of the Japanese, who had turned assailants. The losses on both sides are said to be very heavy. Upwards of thirty guns had been captured by the A St. Japanese. Petersburg dispatch of the 13th said that five Japanese cruisers were reported off Vladivostok. The commander of the fortress had summoned the inhabitants to surrender firearms of all descriptions within a eqf uo Berling, BIA Total meek. V 13th, said "After an incessant bombardment lasting three days the greater part of Port Arthur is in flames. Many of the Russian troops are hoisting the white flag and surrendering." The officers of the American Euro. 18 signs the Mere used dinner of the Welsh regiment at Gravesend, England, on the 13th.


Article from Mexico Missouri Message, October 27, 1904

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SHORT NEWS STORIES Caught from the Wires and Condenesd for Our Busy Readers. Chicago is to have a $10,000,000 hotel. King George of Saxony succumbs to his long illness. William Rudolph's case is argued before the Supreme Court. A severe earthquake shock is felt over all the Hawaiian Islands. An Iowa millionaire bequeaths $100,000 to Booker Washington. Attorney Miller of Belleville gets out an attachment against an artificial leg. Vice Presidential nominee Davis makes thirteen speeches in West Vir ginia. Doctor John D. Vincil, grand secretary of Missouri Masons, dies at his home. Well-placed land batteries prevent the proposed sortie of the Port Arthur squadron. St. Louis Board of Public Improve ments and railroad officials conferred upon safety gates. Field Marshal Oyama asserts that the battle has progressed satisfactorily for the Japanese. The First National Bank of Claysville, Pa., closes its doors, following a heavy run. Monday The St. Louis Board of Public improvements will approve the garbage bill now being prepared. Miss Catherine Kelly was elected president of the Ladies' Auxiliary, Knights of Father Mathew. Mrs. Leathe has withdrawn the suit for a divorce from her husband, Samuel H. Leathe of St. Louis. Large numbers of wounded are being conveyed through Mukden on trains to points farther north. The motion of the attorneys oz T. Edward Albright to quash the amended indictment was denied. Japanese say that their land batteries destroyed three Russian ships in the inner harbor at Port Arthur. Comptroller Player of St. Louis hasi drafted a new bond issue bill to take the place of the defeated measure. George Beattie, waiter at the South ern Hotel, found and returned pocketbook containing $1,1500 to the owner. Charles F. Kelly and Charles A. Gutke were sentenced to two and fivel years in the Penitentiary, respectively. Doctor Bransford Lewis of St. Louis is elected president of the Mississippi Valley Medical Association at Cincin-, nati, Former Governor Crane of Massachusetts has been appointed to fill the unexpired term of the late Senator Hoar. Judge Jones of Huntsville, Ala., instructs jury to disregard the color line in investigating the Horace Maples lynching. Assistant Prosecuting Atorney Dalto of St. Louis issued a warrant charging Myrtle Eberly with murder in the first degree. W. R. Eaves, charged with embezzling $10,000 from a Texas bank, was arrested at the Delmar race track at St. Louis. A warrant charging Thomas F. Turey with being implicated in the shooting of Frederick Scheel is requested by the police. The proposed amendment to the divorce canon was defeated in the House of Deputies of the Episcopal General Convention. Japanese capture a British ship loaded with contraband of war while it is trying to run the blockade of Port Arthur. The Mikado isues a rescript urging his people to patience and steadfastness, saying that the end of the war is yet far distant. An eloping couple at Ashland, Va., are found dead, clasped in each other's arms. It is supposed that they committed suicide. General Stoessel, in command of the Port Arthur garrison, reports that his besiegers have mounted a mortar battery for shelling the interior of the fortress. Official reports regarding General Kuropatkin's side of the fight south of Mukden are lacking in St. Petersburg. and, in consequence, there is considerable uneasiness. The annual Treasurer's statement shows that the Government's revenues are decreasing while its expenses are increasing. A deficit of $41,770,572 is shown for the fiscal year. The conductor and engineer of the freight train which caused the Warrensburg wreck are formally charged with manelaughter by the Prosecuting Attorney of Johnson county Detectives are detailed to guard George J. Eissig, principal witness against Philin Xeinehoimer the New