18590. Corry National Bank (Corry, PA)

View Charter #569 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
569
Charter Number
569
Start Date
November 7, 1891
Location
Corry, Pennsylvania (41.920, -79.640)

Metadata

Model
gpt-5-mini
Short Digest
b8b27e55

Response Measures

None

Receivership Details

Depositor recovery rate
80.5%
Date receivership started
1891-11-21
Date receivership terminated
1896-10-16
OCC cause of failure
Fraud
Share of assets assessed as good
66.7%
Share of assets assessed as doubtful
23.7%
Share of assets assessed as worthless
9.6%

Description

The Corry National Bank was closed by order of the bank examiner (Nov. 7–8, 1891) for impaired capital after heavy discounts/paper to local lumbermen could not be realized. No contemporaneous run is described; a receiver was appointed later (reported Nov. 20, 1891).

Events (4)
1. November 12, 1864 Chartered
Source
historical_nic
2. November 7, 1891 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank had been carrying a large amount of paper/discounts for local business men and lumbermen who were unable to meet obligations; examiner found capital impaired; branch closing worsened condition and examiner closed bank.
Newspaper Excerpt
A sensation was created here this morning by the suspension of the Corry National Bank... The bank has been closed by order of the bank examiner.
Source
newspapers
3. November 20, 1891 Receivership
Newspaper Excerpt
It is probable that Comptroller Lacey will to-morrow appoint a receiver for the defunct Corry National Bank... Mr. J. W. Sproul, of Union City, will be appointed receiver of the defunct Corry National Bank to-morrow.
Source
newspapers
4. November 21, 1891 Receivership
Source
historical_nic

Newspaper Articles (20)
1. November 8, 1891 The Morning News Savannah, GA
Article from The Morning News, November 8, 1891

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A BANK CLOSED AT CORRY. Inability of Business Men to Meet their Obligations the Cause. CORRY, PA., Nov. 7.-A sensation was created here this morning by the suspension of the Corry National Bank, which was be.. lieved to be perfectly sound. The bank has been closed by order of the bank examiner. The capital stock is $100,000. The surplus is $15,000 and the undivided profits $6,560. The liabilities are unknown. The deposits are close to $500,000. The failure is due almost entirely to the fact that the bank has been carrying a large amount of paper for business men in this section, and in the lumber country who have been unable to meet their obligations. The bank will pay depositors in full. THE BANK EXAMINER MUM. CLEVELAND, O., Nov. 7.-A special from Erie, Pa. says: "The bank examiner will not talk but it is generally believed that the bank's condition is not changed materially since the last report, when the deposits were $543,000 and the total liabilities, including capital and circulation $740,000. The bank examiner says he found the capital of the bank much impaired and closed it. It is believed that since President Allen has been making large investments in timber land and Cashier Harmon in grape and live' stock farms in New York, iron works and other enterprises that the bank may contain a large quantity of the bank offlcials' own paper. Shrewd business men guess that the bank's vaults are full of paper on which it would be difficult to realize."

2. November 8, 1891 The Roanoke Times Roanoke, VA
Article from The Roanoke Times, November 8, 1891

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ANOTHER[BANK SENSATION. The Corry, Pa., National Suspends, But Will Pay Depositors. CORRY, Pa., Nov. 7.-(Special]-A sensation was created here this morning by the suspension of the Corry National Bank, which was believed to be perfectly sound. The bank has been closed by order of the bank examiner. The capital stock is $100,000, surplus $16,500 and undivided profits $6,750. The liabilities are unknown. Deposits are close to $500,000. The failure is due almost entirely to the fact that the bank has been carrying a large amount of paper for business men in this section and in the lumber country who have been unable to meet their obligations. The bank will pay depositors in full. The bank examiner will not taik, but it is generally believed that the bank's condition has not changed materially since the last report, when deposits were $543,000, and the total liabilities, including capital and circulation S740, 000. The bank examiner says he found thd capital of the bank much impaired and he closed it. It is believed that since President Allen has been making large investments in timber lands and Cashier Harmon in grape and live stock farms in New York, iron works and other enterprises, that the bank may contain a large quanlity of the bank officials' own paper. Shrewd business men suggest that the bank vaults are full of paper on which it would be difficult to realize.

3. November 8, 1891 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, November 8, 1891

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ANOTHER BANK DOWN. Corry, Pa., Upset by a Financial Suspension. CORRY, Pa,, Nov. ?-A sensation was created here this morning by the suspension of the Corry;National bank. The news spread quickly and created great surprise and excitement, as it was believed to be perfectly sound. Inquiry revealed the fact that the bank had been closed by the order of the bank examiner. The bank's capital stock is $100,000, surplus, $16,500. and the undivided profits $6,750. The deposits are close to $500,000. The failure is due almost entirely to the fact that the bank has been carrying a large amount of paper for business men in this section and in the lumber country who have been unable to meet their obligations. The bank had a branch in Pittsburg, which was a very important source of revenue. It was started some time ago with the consent of the comptroller. About a month ago the comptroller decided that the branch must close up in accordance with a policy not to allow branch banks to do business. This move would deprive the main bank of such a large line of business that it would hurt them seriously in their present condition, and they feared it would cause a run which they could not stand. The officers say that the depositors will get every dollar owed them. CLEVELAND, O., Noy. 7.-The bank examiner will not talk, but it is generally belieyed that the bank's condition has not changed materially since the last report, when the deposits were $543,000 and the total liabilities, including capital and circulation, $740,000. The bank examiner says he found the capital of the bank much impaired and he closed it. It is believed that since President Allen has been making large investments in timber lands and Cashier Harmon in grape and livestock farms in New York, iron works and other enterprises, that the bank may contain a large quantity of the bank officials' own paper. Shrewd business men guess that the bank's vaults are full of paper on which it would be difficultto realize.

4. November 8, 1891 New-York Tribune New York, NY
Article from New-York Tribune, November 8, 1891

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ANOTHER NATIONAL BANK SUSPENDS, Washington, Nov. 7.-The Controller of the Currency to-day received a telegram announcing that the Corry Natonal Bank, at Corry, Penn., had suspended, and that the bank examiner was in charge.

5. November 8, 1891 Pittsburg Dispatch Pittsburgh, PA
Article from Pittsburg Dispatch, November 8, 1891

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A CRASH AT CORRY. The First National Bank Closed on Examiner Miller's Order. HAD BEEN HELPING LUMBER MEN. A Branch Had Been Shut Up and This Caused Embarrassment. THE ASSETS ARE REPORTED LARGE ISPECIAL TELEGRAM TO THE DISPATCH.1 CORRY, Nov. 7.-The greatest calamity that has yet befallen Corry was the closing this forenoon of the doors of the Corry National Bank and its branch on North Center street. Both banks were closed by order of Bank Examiner Miller. When the report spread the streets became crowded, it being impossible for many to believe that the old and trusted First Na. tional Bank had been declared insolvent. The bank was organized in 1864, and its history since then has been beyond reproach. Few, if any, had the least inkling of its condition, consequently the news of the failure came like a thunderbolt. Bank Examiner Miller positively refuses to make any statement at present, and as President Allen and Cashier C. G. Harmon, are both prostrated by the shock it is impossible to get full particulars. It has been generally known, however, that the bank has been interested in, and assisted to a large extent several manufacturing interests here and elsewhere; also that the line of discounts they have been carrying is very large. These discounts were against people considered perfectly good, but owing to the stringency of money matters here the bank failed to realize on the paper just when it was most required. The Story of the Branch. Over two years ago, when the Center street branch was started, the Bank Examiner informed the officials this venture might be permitted, but it was not authorized. A few months ago the Comptroller at Washington notified the bankers that they must close the branch, as the Department of the Treasury had decided that all branch banks must be discontinued, Itwas given the officials at Washington to understand that if the branch must be closed a run on the regular bank would certainly follow, as the branch did a heavy business, and besides, if a run came on the original bank it would not be able to meet it. This matter has been under consideration for some time. but finally the decision came from Washington that the branch must close, and it was closed. The deposits are very large, ranging over $600,000, most of which came from prominent business firms here, none of them having taken the trouble to withdraw their deposits when the change was made. The assets are not known, but are estimated to be very large and enough to pay the deposits in full. The heaviest depositors are the Equitable Aid Union, a mutual liife insurance concern having $18,000 on deposits, and the city of Corry with $5,000 to $8,000 on deposit. Other deposits are in smaller lots, farmers and business men from all over this district having make the bank their depository. President T. G. Allen to-night refused utterly to either accord an interview or make any statement. He is prominent here, both in a business and social way, and it is believed by his friends that the closing of the bank doors was due entirely to the shutting down of the branch and the consequent distrust in the original institution. The bank's correspondents were the National Park Bank of New York, and the Third Na. tional Bank of Philadelphia. No State Moneys There. A rumor that the withdrawal of State moneys had crippled the institution was found to-night upon investigation to be without foundation. Bank Examiner Miller is quoted as saying the deposits are almost $543,000. The bank officials say they were $750,000. The liabilities contain an item of loans and discount of $48,112 due from other banks. President T. A. Allen has himself been one of the leading spiritsin the Forest Lumber Company, one of the most aggressive and daring in Western Pennsylvania, and the trade has been very dull of late. The bank has paper out among many lumber men. Cashier Clarence Harmon will not talk and keeps out of sight. It is well known that he has been investing in grape and other real estates; that he is one of the principal owners of the Ajax Iron Works, which has just made a $50,000 addition to its facilities. The bank, after the failure of the old First National Bank of Corry, as the result of oil speculations, had a clear field, and at the time its doors closed was doing threefourths of the business in Corry. Eleven of the largest tanneries in Western Pennsylvania were depositors. There are over 1,000 depositors, and they will hold a meeting next Monday.

6. November 9, 1891 The Helena Independent Helena, MT
Article from The Helena Independent, November 9, 1891

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Pennsylvania Bank Failure. HARRISBURG, Nov. 8.-The Chronicle received a special from Corry which says a sensation was created here yesterday by the suspension of the Corry National bank. The news spread quickly and created great surprise and excitement as it was believed to be perfectly sound. Inquiry revealed the fact that the bank had been closed by the order of the bank examiner. The capital stock is $100,000. No statement has yet been made of the liabilities.

7. November 9, 1891 Evening Journal Wilmington, DE
Article from Evening Journal, November 9, 1891

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A Bank Failure in Corry. CORRY, Pa., Nov. 9.-A sensation was caused here by a suspension of the Corry National bank. The bank was closed by the order of a bank examiner. The bank's president is T. A. Allen and the cashier Clarence Harmon. The capital stock is $100,000, the surplus $15,500. The deposits are close to $500,000. The bank has a branch at Pittsburg. The officers say the depositors will get every dollar due them.

8. November 9, 1891 Pawtucket Tribune Pawtucket, RI
Article from Pawtucket Tribune, November 9, 1891

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TELEGRAPHIC SPARKS. An attempt was made to burn the postoffice at Avon, Mass. Large quantities of salmon are to be placed in Vermont waters. Low water threatens the stoppage of mills at Manchester, N. H. Nearly 100 horses were killed by forest fires at Beacon Falls, Conn. The failure of the Corry, (Pa.) National bank, capital stock $100,000, is announced. C. T. Powers succeeds James Mutrie as manager of the New York Baseball club. Lieutenant Francis Radoux, who fought under the first Napoleon, at P rtland, Me. Joshua Hill, residing in Lonsdade, R, I., was drowned through the capsizing of a boat. John Newton, aged 6 years, was drowned in four feet of water at Elm park, Worcester, Mass. There is a belief that Clements of Georgia will be the Democratic interstate commissioner. Flower's sworn statement of the money paid by him for his election places the amount at $5000. The Augusta (Me.) board of registration will require personal registration in preparing» new list. The president of the Maine Banking company of Kansas City is charged with swindling and forgery W. C. T. U. delegates from California are waging a crusade against saloons all along the route to Boston. Dr. Daniel Dwyer of Hartford, one of the leading dental surgeons of the state, died of typhoid fever, aged 44. A forest fire at North Saco, Me., has burned ovor twenty acres, mostly timber land, and is not yet under control. The town of Moodus, Conn., is suffering from a water famine. The three large reservoirs are completely ex} tusted, Knights of Reciprocity and Rep blican League clubs of Kansas are to nite on Blaire and McKinley for the ticket for 892. Valentine Eagle, & brakeman on the New York and New England railroad, was killed while coupling cars in East Hartford. Receiver Simmons of the American Loan and Trust company is to proceed criminally against those who wrecked the concern. M. Harancourt, the dramatist, and M. Carre, the poet, fought a duel with swords at Paris. The latter was severely wounded in the breast. A Brazilian government decree just issued orders a lease of the state railways for thirty-three years at a gold rental, half of which is payable in advance. John H. Watkinson, aged 77, a prominent citizen of Middletown, Conn., is dead. He was the president of the Middletown National bank from 1847 to 1883. The cotton shed at the railroad depot at Terry, Miss., a large quantity of cotton, every business house in the town except two, the hotel and some residences were burned. Captain Younghusband, who a short time ago was reported as having been murdered by the Russians in the Pamir district, is on his way to England on leave of absence. Joseph Mayer, proprietor of the Arsenal pottery at Trenton, for robbing which several persons have been arrested in Philadelphia, estimates his loss at more than $75,000. Robert Clark Welch, who is missing from Williamstown, Mass., was formerly a student of Williams college. Members of the Delta Upsilon fraternity will continue the search for him.

9. November 9, 1891 Telegram-Herald Grand Rapids, MI
Article from Telegram-Herald, November 9, 1891

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CLOSED BY THE EXAMINER. The Corry National Bank at Corry. Pa. Suspends Payment. Corry, Pa., Nov. 8.-A sensation was created here yeaterday morning by the suspension of the Corry National Bank. The news spread quickly and created great surprise and excitement, as it was believed to be perfectly sound. Inquiry revealed the fact that the bank had been closed by the order of th bank examiner. The bank's president 18 T. A. Alien and the cashier Clarence Harmon. The capital stock is $100,000 the surplus $16,500. and the und vided profits $7650. The deposits are close to $500,000. The failure 18 due almost entirely to the fact that the bank has been carrying a large amount of paper for business nien in this section and in the lumber country who have been unable to meet their obligations.

10. November 9, 1891 Pittsburg Dispatch Pittsburgh, PA
Article from Pittsburg Dispatch, November 9, 1891

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HOME SECURITIES AND CASH Local Sellers and Buyers Still Pursuing a Micawber Policy. The week on Change, if not the dullest, was certainly one of the dullest of the year. Total sales were a little over 500 shares. Perhaps the election was responsible for the apathy. The only transaction yesterday was that of 5 shares of Third National Bank at 130, an advance of $5 during the week. Closing prices of the active stocks, as compared with those of the previous Saturday, show the following changes: Third National Bank gained $5: Chartiers Gas 1/4, Wheeling Gas 11/2, Citizens' Traction 1/4, Pittsburg Traction 1, and Switch and Signal 3/8: Manufacturers' Gas lost 1/2, Philadelphia 3/8. Central Traction 1/4, Pleasant Valley 1/4, and Luster ½. Airbrake was offered down 2½. Electric was weak and neglected. There appears to be a hitch in the reoganization scheme. Bankers were entirely satisfied with the business of the week. They would not have objected to a larger line of discounts, but felt confident they would soon have employment for all their idle funds. At the last moment news reached the city of the suspension of the Corry National Bank. Having no correspondent here, its failure can have no material effect upon local business. Conditions are too sound to. be unsettled by an occasional misfit on the outside. Clearing House business showed a small falling off from that of the previous week, clearly due to the election, which was practically a holiday. The call for loans developed a broadening tendency, and routine lines were well up. There was probably an accumulation of funds, but with the holiday season at hand, always a time of great activity, and a number of new enterprises in prospect, this is by no means an unfavorable feature. The figures for the day and week are appended: $22001570 Saturday's exchanges

11. November 10, 1891 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, November 10, 1891

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The Corry Bank Failure. ERIE, Pa., Nov 10.-The reports in connection with the Corry National Bank failure are that the liabilities are about $800,000 instead of $450,000 as were estimated. The reports of two prominent lumber firms in Corry making assignments are without foundation. President Allen and Cashier Hermon are both seriously ill from nervous prostration. A receiver will be appointed as soon as Bank Examiner Miller makes his report. The only new judgment entered until to-day is one by L. L. Bliss, guardian against Cashier Hermon for $12,000.

12. November 10, 1891 The Evening Herald Shenandoah, PA
Article from The Evening Herald, November 10, 1891

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The Corry Bank Failure. ERIE, Pa., Nov 10.-The reports in connection with the Corry National Bank failure are that the liabilities are about $800,000 instead of $450,000 as were estimated. The reports of two prominent lumber firms in Corry making assignments are without foundation. President Allen and Cashier Hermon are both seriously ill from nervous prostration. A receiver will be appointed as soon as Bank Examiner Miller makes his report. The only new judgment entered until to-day is one by L. L. Bliss, guardian against Cashier Hermon for $12,000.

13. November 11, 1891 Evening Star Washington, DC
Article from Evening Star, November 11, 1891

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The Controller and the Suspended Banks. Mr. Lacey, controller of the currency, returned to Washington yesterday from Boston. He said that the national banks there, with the single exception of the Maverick, are in good condition and that there is no prospect of any further trouble. In his opinion the creditors of the Maverick Bank will receive at least 85 cents on the dollar. He said also that the Damariscotta National Bank will probably be able to resume business in a short time. The Corry National Bank of Pennsylvania is in a bad condition and a receiver will be appointed in a few days to wind up its affairs.

14. November 11, 1891 New-York Tribune New York, NY
Article from New-York Tribune, November 11, 1891

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THE MAVERICK BANK TROUBLE. AN ALLEGED LOAN TO A FORMER DIRECTOR WHICH IS NOW ALMOST WORTHLESS WHAT THE LOSS IS LIKELY TO BE. Boston, Nov. 10 (Special).-The Maverick National Bank did not open for adjustment of accounts to-day. Receiver Beal says: "The bank will be open for adjustment of its business at the earliest possible moment. but I am not yet ready to name the day." It is said that among the assets of the bank is a loan to a former director, now dead, for $80,000, which has back of it collateral worth in the present market only few dollars. It is believed that this is the first time, in the history of the National Bank act when a confidential report of the United States Bank Examiner to the Controller has been submitted to inspection outside the Controller's office. Mr. Hutchins. of Hutchins & Wheeler. has been the counsel of the Clearing House Committee all through this matter, and it was he who went to Washington and demanded a copy of Mr. Magruder's report. He got it though such a thing was unprecedented. and for several days and nights in the top of the Sears Building the bank presidents constituting the Clearing House Committee examined the assets of the Maverick Bank. They were astonished at the faithfulness of Mr. Magruder's report. They reached the conclusion that the bank's assets had been impaired by $2,000,000. When at the close of the investigation the committee confronted Mr. Potter with the three directors' borrowings, aggregating $2,600,000, Mr. Potter declared there had been some mistake, and he did not believe the sum could have been SO large. Offers of assistance of $500,000 which were made to the bank were not availed of, because the committee believed that $1,000,000 would not set the bank right, and it was better to stop with large available resources rather than to jeopardize creditors by allowing the institution to continue further. Had the committee failed to secure the copy of Mr. Magruder's report they would, under the by-laws of the Clearing House, have demanded an investigation, and failing to have received a favorable response would have dropped the bank from the Clearing House Association. Controller Lacey said last night that the chances of the depositors were extremely good, for a much larger dividend would be paid than was at first expected. It is believed that the estates of the directors and their collaterals will realize to the bank nearly $1,500,000. If upon the total borrowings of Evans and the directors, amounting to $4,200,000, only $1,500,000 is realized and $1,700,000 is lost, this loss eats into the assets of the bank by only $500,000 beyond the capital and surplus. It is probable that little more than $100,000 can be collected by an assessment upon the stockholders, and there will be some losses in the general liquidation as well as some expense, SO that altogether at least $1,000,000 of loss can be looked for. As borrowers having deposits will offset the deposit against their loans, thus practically becoming preferred creditors, and as some shrinkage in the two bond accounts of the assets of the bank may be expected, the loss to fall upon the unsecured creditors may be roughly reckoned at $1,000,000. But if this loss was borne by $4,000,000 of unsecured deposits, or about one-half the total deposits, the greatest sufferers would still get 75 cents on the dollar. Washington, Nov. 10.-Mr. Lacey, Controller of the Currency, returned to Washington to-day from Boston, He said that the National banks there, with the single exception of the Maverick, were in good condition, and that there was no prospect of any further trouble. In his opinion the creditors of the Maverick Bank will receive at least 85 cents on the dollar. He said also that the Damariscotta National Bank would probably be able to resume business in a short time. The Corry National Bank, of Corry, Penn., is in a bad condition, and a receiver will be appointed in a few days to wind up its affairs.

15. November 12, 1891 Pittsburg Dispatch Pittsburgh, PA
Article from Pittsburg Dispatch, November 12, 1891

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SYMPATHY FOR THE CORRY BANK. I Depositors Ask Comptroller Lacey Not to Appoint a Receiver Just Yet. CORRY, Nov. 11.-[Special.]-At a large meeting of depositors of the Corry National Bank to-night, a strong feeling of sympathy and confidence in the Band was expressed in speeches by many of the heaviest depositors. A resolution was adopted unanimously to appoint a committee of 11, representing depositors of Corry and the surrounding towns, to see what can be done toward raising funds and obtaining extensions from creditors and depositors, with a view of reopening the bank for business. A resolution was also unanimously adopted, requesting Cougressman Griswold and Comptroller Lacey to delay the appointment of a receiver for a reasonable time, to see what the committee can do. The President and Secretary of the meeting were instructed to notify the Congressman and Controllor of the action of the depositors.

16. November 14, 1891 Pittsburg Dispatch Pittsburgh, PA
Article from Pittsburg Dispatch, November 14, 1891

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CORRY DEPOSITORS ARE HOPEFUL Still No Official Report as to the Defunct Bank's Condition. CORRY, Nov. 13.-[Special.] - The committee appointed at the meeting of depositors of the Corry National Bank last Wednesday evening met the directors this afternoon. A large proportion of the stock was represented. After considerable consultation as to the reopening of the bank and making good the impaired stock an adjournment was taken until Tuesday, when the final decision will be reached. A special from Washington savs Comptroller Lacy has not received an official report of the affairs from Examiner Miller, but from information received from other sources is led to believe that the bank's condition is excellent. If the Examiner's report, which was finished to-day and forwarded to Washington, sustains this view the bank may be able to resume. It was reported should it be necessary to appoint a receiver, that the Comptroller has emphatically stated that he does not believe it good policy to appoint to the receivership of the defunet bank a citizen of the same place. It is understood that Representatives Griswold, of the Twenty-sixth district, and Stone, of the Twenty-seventh, each have an application.

17. November 19, 1891 Evening Journal Wilmington, DE
Article from Evening Journal, November 19, 1891

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TELEGRAPHIC BREVITIES. Thomas J. Wood, Jr., a prominent young banker of Dallas, Tex., and Dr. James Orr, one of the leading physicians of Terrell, have been arrested charged with obtaining fraudulently $10,000 insurance on the life of Clinton H. Page, who died of consumption. John Langlois, Jr., a prominent Racine (Wis.) man, was burned to death at that place. At Ottawa ex-Mechanical Engineer J.N. Arnold, of the public works department, was arrested on the charge of conspiring to defraud the government. Etta W. Harris, better known as Dr. Ludgate, who has figured prominently in criminal annals for the past two years in connection with abortion cases, died at Linden, Mass. The report that ex-President and Mrs. Cleveland and baby Ruth were to visit their Massachusetts summer home, Gray Cables, this autumn, is denied by Mr. Nickerson, who has charge of the place. Miss Annie Campbell Gordon, daughter of Mrs. Douglass Gordon, was married to Paymaster John G. Lovell, U. S. N., a grandson of General Quitman, of the Mexican war, at Baltimore. A court martial has been ordered for Major Charles B. Throckmorton, of the Second artillery, charged with duplicating pay accounts. Along the lower Hudson the ground is was frozen hard and ice is plenty. Auditor General McCamant, of Pennsylvania, estimates that the cost of the recent extra session will be about $60,000. Comptroller Lacey has decided to appoint a receiver for the Corry (Pa.) National bank, which recently failed. The shortage is now said to be $175,000. A Salvation Army lieutenant in Keokuk, Ia., by the death of his father in Germany, becomes Baron Von Kutzeleben, and inherits a fortune. C. E. Gilbert, a brakeman, was killed, and several were injured by the collision of three sections of a freight train on the Chicago, Burlington and Quincy railroad, near Gilson, Ills. An unsuccessful attempt was made at Mount Airy, Ala., to lynch Martin Scott and four companions, charged with killing Postmaster Church, of that place. The treasury officials have discovered a dangerous counterfeit of the twenty dola lar gold certificates. Miss Bessie Blosson, one of the prettiest girls of Geneo, Neb., has eloped with an Indian of the Washoe tribe. g The National Association of Carriage and Harness Manufacturers met at Spring field, Mass. S Republicansstate that an alleged scheme to count out Levi E. Worden, Republican e assemblyman-elect in Rensselaer, New York, failed of a few votes. The New York Herald says that Tamn many Hall will not make a fight to secure e the speakership of the assembly. John Wesley Edmonds, a decamped 'S Bridgeport (Conn.) scamp, is found to e have deluded many you. : girls, whom he 11 advertised for to fill positions or become his wives. y o At New York the committee on buildings n of the board of education have reported serious deviations from the specifications of new buildings, connived at by the ine spectors and superintendent of buildings. n Unscrupulous contractors have literally S stolen public money while venal officials n said nothing. The robberies have been is carried on upon such an enormous scale that their real extent can only be guessed s at now. le

18. November 21, 1891 Pittsburg Dispatch Pittsburgh, PA
Article from Pittsburg Dispatch, November 21, 1891

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The Corry Bank Receivership. WASHINGTON, Nov. 20.-[Special.]-It is probable that Comptroller Lacey will to-morrow appoint a receiver for the defunct Corry National Bank, and that J. W. Sproul, a prominent young lawyer of Union City, will be selected. Mr. Sproul has been warmly recommended by prominent citizens of Erie county interested in the matter.

19. November 21, 1891 Pittsburg Dispatch Pittsburgh, PA
Article from Pittsburg Dispatch, November 21, 1891

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Sproul Will Be Receiver at Corry. CORRY, PA., Nov. 20.-[Special.]-Mr. J. W. Sproul, of Union City, will be appointed receiver of the defunct Corry National Bank to-morrow. The appointment will give general satisfaction to the depositors. An effort will be made to prevail upon Mr. Sproul to so arrange matters, if possible, as to make the first dividend at as early a day as the condition of the bank will allow.

20. January 9, 1892 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, January 9, 1892

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BUSINESS FAILURES. Jan. 13-E. H. Amidon, dry goods dealer, New York: $697,766. Jan. 16-Stoneboro savings bank and Sandy Lake savings bank, both of Pennsylvania. Jan. 19-American national bank, Kansas City. Mo.: $2,000,000. Jan. 20- State bank of Cawker City, Bank of Downs and Glen Elder bank of Glen Eider, all of Kansas, suspended. Jan. 21-Kawaka City (Kan.) state bank. Jan. 26-Savings bank of Wichita, Kan.; $81,000. Feb. 5-First Arkansas Valley bank, Wichits, Kan.; $120,000. Feb. 12-First national and North Middlesex savings bank, Ayer, Mass. Feb. 19-John D. Knox & Co., private bankers, Topeka, Kan.: $340,000 Union Investment Company, Kansas City; $1,000,000. Feb. 25-Windsor national bank, Windsor, Vt. Mar. 19-J. & A. Simpkinson, boot and shoe manufacturers, Cincinnati; $400.000. United States savings bank, Topeka, Kan., $330,000. Mar. 20-Theodore Schwartz & Co., private bankers, Louisville, Ky.; $500,000. Mar. 24-Washingt n national bank, New York Schall & Downer, bankers. York, Pa. Apr. 2-The John McNabb bank, Eufaula, Ala. Apr. 4-Columbia Iron & Steel Company and Pennsylvania Construction Company, Uniontown, Pa; $1,000,000. May 7-Bank of Allen county at Scottsville, Ky. May 9-Spring Garden national bank. Philadelphia. May 15-People's bank at Knoxville, Tenn. May 22-Hills Shot Company at Memphis, Tenn., $600,000. May 26-Potter, White & Bailey, shoe manufacturers at Boston: $1,000,000. May 27-John Ryan's Sons, wholesale dry g oods, Atlanta, Ga.: $1,000,000. June 4-The City national bank at Marshall, Mich. June 5 - Connell, Hall, McLaster & Co., wholesale dry goods, Nashville, Tenn.; $500,000 The Huntington (Ind.) bank. June 13-Central national bank, Broken Bow, Neb. June 10-Sevill Scofield, woolen manufacturer at Manayunk, Pa.: $800,000. June23-The Florence national bank, Florence, Ala., and Sax Brothers' savings bank, Nashville, Tenn. July 7-Moses Bros., bankers, Montgomery, Ala; $500,000. July 8-Bank of Commerce, Sheffield, Ala. July 14-E. C. Stark, banker at Oneida, N. Y.; $220,000. July 16-Spooner R. Howell & Co., lumber dealers, Chicago, and other cities; $2,000,000. July 17-First national bank, Wyandotte, Kan. $1,000,000. July 18-First national bank, Palatka, Fla.; $200,000 Bonneil & Co., printer's ink manufacturers, New York, $100,000. July 21-Central bank of Kansas at Kansas City, Kan.: $100,000 Merchants' national bank, Fort Worth, Tex.: $500,000. July 23-Citizens' bank of Jefferson, Tex.; $100,000. Aug. 4-Abraham Backer, dry goods commission, New York; $4,000,000 Samuel Hano, real estate dealer, Allston, Mass.; $500,000. Aug. 8-Masonic savings bank, Louisville, Ky.; $1,000,000. Aug. 19-Johnston, Tallman & Co., flreworks importers, New York city: $600,000. Sep. 23-S. V. White & Co., New York, commission merchants. $2,000,000. Sep. 30-F. B. Wallace & Co., New York, brokers; $390.000. Oct. 1-First national bank at Clearfield Pa... Chrisman (111.) bank: $100,000. Oct. 3-Turner & Bro., Boston bankers; $300,000. Oct. 5-Ulster county savings' institution, Kingston, N. Y., robbed by officials of $463,000. Oct. 16-State bank at Gritna, Neb. Oct. 17-The Columbia bank and the Bank of Columbia, at Nashville, Tenn. Oct. 23-Bank of Lewisburg, Tenn. $80,000. Nov. 2-Maverick national bank of Boston, suspended; liabilities, $10,000,000. Nov. 7-The Cochrane-Fulton Company, distillers, at Louisvil.e, Ky.; liabilities, $500,000 Bank of Fiorence, Aia.; $100,000. Nov. 7-The Corry (Pa.) national bank closed its doors: $700,000. Nov. 13-California national bank at Santiago, Cal. Nov. 14-Bonner & Bonner, bankers at Tyler, Tex.; $500,000. Nov. 25-Farmers' and Miners' Deposit bank, Irwin, Pa First national bank, Wilmington, N. C. Nov. 28-Field, Lindley, Wicchers & Co., bankers and brokers of New York, $1,000,000. Dec. 22-Private banks at Waynesboro, Warrentown and New Market, Va., closed their doors Thomas H. Allen & Co., cotton dealera, Memphis, Tenn.; $544,932. Dec. 23-Bank of Greenville, Greenville, Miss : $1,000,000.