Home National Bank (Chicago, IL)

View Charter #2048 on SPMC View balance sheet

Episode Information

Episode UID
204801176
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
20480 national
Charter Number
2048
Start Date
December 31, 1897
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
65bc8574febcff9d

Response Measures

None

Description

Article explicitly states the bank will go into voluntary liquidation at year-end.

Events (3)
1. September 19, 1872 Chartered
Source
historical_nic
2. December 7, 1897 Voluntary Liquidation
Source
historical_nic
3. December 31, 1897 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank will go into voluntary liquidation at the close of the year; capital stock $250,000.
Newspaper Excerpt
After an existence of 25 years the Home National bank of Chicago, at the close of the present year, will go into voluntary liquidation.
Source
newspapers

Newspaper Articles (4)
1. December 23, 1896 The News & Observer Raleigh, NC
Article from The News & Observer, December 23, 1896

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Article Text

STOCKS. To-day's stock market was a small, narrow and sensitive affair, showing no decided tendency in either direction, with the business almost wholly local and largely of a professional character. During the first hour's business prices were sustained at about last night's range on some bull movement in Sugar, Chicago Gas andBurlington, but as this demand soon subsided, and it was seen that commission business was practically dull, with no substantial support from the large outside moneyed interests, the bear traders resumed their raiding tactics. Covering shorts later by smaller dealers, and the declaration of the Vanderbilt regular dividends on Lake Shore, New York Central and Michigan Central led to a slight rally toward noon, but the market again eased off upon the Canada Southern dividend being reduced from 11/4 to 1 per cent. Less favorable Chicago advices, with all the savings banks there compelled to fall on the sixty days' notice rule to all depositors desirous of drawing more than $100, on account of small runs on all of them from yesterday's bank troubles, and on the failure this morning of the bank of Minnesota at St. Paul, which was the largest and the oldest bank there. The whole list receded under renewed liquidation and short selling, and closed irregular and heavy with a decline extending 1 to 2 per cent. ,with the latter in Manhattan, C. S., J. C. and D. H., Manhattan's weakness was due to renewed liquidation and bear pressure, C. S., on reduced dividend, C. H., on liquidation of rumors of an impending reduction in its annual dividend from 7to 6 per cent. C. J. declined 1½ per cent, in sympathy with the weak D. H., and Readi g one per cent. The Grangers were affected by Chicago liquidation on the nervousness there, and at St. Paul, over the financial situation. Tobacco was manipulated, and advanced 2 per cent., by brokers who usually act for insiders. Nothing was done on the Cuban resolutions in the Senate, which adjourned over until January 5th, when the debate on the question will be resumed. E B CUTHBERT & CO

2. January 4, 1897 The Atlanta Constitution Atlanta, GA
Article from The Atlanta Constitution, January 4, 1897

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Article Text

ASKING THE EAST TO HELP THEM Chicago Banks Call for Money to Tide Them Ove the Trouble. Washington, January 3.-(Special.)-The situation relative to the banks in Chicago and other of the western cities is being considered by Comptroller Eckels and others of the treasury department. The condition of western banks is far more serious than is generally imagined by the public. The recent failures in Chicago and St. Paul have, according to the treasury authority, placed western finances in a tottering condition. For the past three days the Chicago banks have been telegraphing to New York, Philadelphia, Baltimore and Washington banks for assistance. So far it is not believed by the treasury officials that satisfactory responses have been made in the east, therefore greater trouble is feared, and unless all the western banks go to each other's support it is argued there may be a general western bank panic. Comptroller Eckels said tonight that he had no fear of the southern banks, as few, If any, had any great interchange of business with the Chicago concerns, but the seat of apprehension lay exclusively at Chicago and points west of there. Mr. Eckels is, in truth, apprehensive, and while doing all within his power to avert a break in the west, he is not without fear that

3. December 20, 1897 Daily New Dominion Morgantown, WV
Article from Daily New Dominion, December 20, 1897

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Article Text

PITH OF THE NEWS The Canadian government has decided to permit Americans to ship goods into Alaska through Canadian territory in bond. At Holyoke, Mass., Amelia Koegel, 35 years old, attempted to light a gaso. line srove. when there was an explosion tha killed her and 2-year-old Alfred Renell. After an existence of 25 years the Home National bank of Chicago, at the close of the present year, will go into voluntary liquidation. The capital stock is $250,000. At Owensboro, Ky., R. Monarch, for himself, the Glenmore Distilling company and the agle Distilling company, assigned. The assets and liabilities are each about $750,000. Rhode Island cotton manufacturers have not decided to follow the example of the Fall River (Mass.) mills and the Amoskeag corporation of Manchester and reduce wages. The Cunard steamer Lucania brought to New York the body of Rev. David D. Day of Chester county, Pa., formerly a missionary to Africa, who died of fest during the voyage.

4. January 13, 1906 The Glenwood Post Glenwood Springs, CO
Article from The Glenwood Post, January 13, 1906

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Article Text

CONDENSED TELEGRAMS an Grand Trunk railroad has placed at The order for eighty-one locomotives a cost of $1,398,800. first tournament of the Western Salt Bowling The Congress will open in Lake City March 7th. The General Assembly of Kentucky Paynter elected Judge T. H. J. has United States senator to succeed C. S. Blackburn. five and three fourths miles Recently were laid on the Cape-to-Cairo constitutrailway of rails in twelve hours, this ing a world's record. Postmaster General Cortelyou has the a recommendation for in approved use by rural carriers of automobiles serving their routes. An Atlanta dispatch says placed that the an railway has just involving Southern for 8.729 freight cars, an order outlay of more than $5,000,000. Napoleon Lajoie has signed and a play conto manage and captain Ameritract base for the Cleveland second can league for the season of 1906. Judge C. C. Goodwin, the Utah resumed pionewspaper man, has editor-inneer newspaper work as Telechief daily of the Salt Lake Evening gram. William J. Bryan has given a prize Bowdoin College for the best essay to the principles of free Sher- govdiscussing ernment. It is called the Philo man Bennett prize. Chinese implicated in the asThree of American missionaries the eassination Lienchou were executed in at of the joint commission were on premises December 7th, and many others punished. Yellow fever has disappeared from of Since the first appearance been Havana. in October there have the disease cases, twenty-three of of which which sixty-nine resulted fatally and forty-six were discharged cured. test run by a Baltimore Chicago & Ohio In a train from Garrett to 100 special Ohio, a speed of nearly several Junction, hour was reached at miles miles points, an the whole run of 128 being made in 126 minutes. Isaac Saylor, his daughter, children Mrs. Martin and her five inst., Peter burned to death on the 8th Juan were their home in Pleasantview, a fire ita at county, Pennsylvania, in which destroyed their home. Chicago dispatch says that the First Rev. A D. Rogers, pastor of Park, near Baptist George church of Highland declared himself Fort Sheridan, reserve has in favor of the re-establishment without of the army canteen. F. Scott state game warden National of Montana, W. and president of the Fish War Association of Game and and Commissioners, has called take a dens of that organization to and place meeting in St. Paul January 25th 27th. Crowe was arraigned in the inst. DisPat Court at Omaha on the 6th Cudahy triet charge of robbing E. A. He in $25,000 a in the kidnapping case. was of not guilty and his trial set pleaded for February 7th. His bond was fixed at $7,000. Near Crane, Missouri, while dynamite, railway laborers were thawing out attemptthe explosive caught fire. In kicked save it one of the men William the ing dynamite to and it exploded. were killed McNeal and Joe Kepoe and several others injured. Goff, who was President Roose- huntvelt's Jack guide during his Colorado serious last spring, has had a lions in ing trip with two mountain was encounter Yellowstone park. He says thinks he he seriously injured but life. was not lucky to escape with his San Francisco, January 8th, of the the Union At labor party took charge All of the municipal administration. officials were heartily and incoming by their predecessors with inigreeted into the duties connected will tiated the various offices which they occupy. owners of claims in turned the Local Mountain district have synCopper the offer of the New York down to bond and lease some taken of the to dicate Samples of ore gold to properties. York ran over $30,000 in said New and the New Yorkers are to the be ton very anxious to obtain an interest in the properties. Secretary Bonaparte has Commander written a of reprimand to with the letter Young in connection BenLucien explosion on the gunboat boiler The reprimand is somewhat altonington. tone and the letter is Comman- not mild in uncomplimentary to congether der Young, who, it is said, may sent to its publication. advance sheets of the Official Catholic From Directory, published the in total Milit is found that United waukee, population of the of Catholic is 12,651,944, an increase The States over the previous year. 189,151 number of Catholic priests, intotal cluding seculars and regulars, is 14, 484, an increase of 627. All power of control in the Chicago bank, and the Home Savings National formerly controlled by John R. Walsh, to has passed from the stockholders Chicago presidents of six other that the who form the committee banks in charge the liquidation of the as has of the two banks. Stockholders of sets both banks will investigate their management. is announced from Ardmore, I. It the Rough Riders will send to T., that Alice Roosevelt, on the occasion Long. of Miss her marriage to Congressman presnext month, a handsome worth States Marshal Colbert, of the Rough Assowho is behind the movement, secretary ciation, ent. United Riders' has made a request on each Rough