Article Text
TWO BANKS FAIL. Cheney, Wn., June 15.-The First National Bank and the Bank of Cheney suspended payment today and did not open for business. Hard collections and inability to place securities are the principal causes of the failures.
22162. Bank of Cheney (Cheney, WA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- June 15, 1896
- Location
- Cheney, Washington (47.487, -117.576)
Metadata
- Model
- gpt-5-mini
- Short Digest
c1df9cf1
Response Measures
None
Description
Multiple contemporary newspapers (June 15–16, 1896) report that the Bank of Cheney suspended payment and did not open for business. The articles cite hard collections and inability to place securities as the principal reasons. No mention of a depositor run or of a subsequent reopening appears in the provided clippings; the ultimate permanence of the closure is not explicitly stated in these items, but contemporaneous coverage frames it as a failure/suspension. President D. F. (Percival) was reported absent, and he was president of both the First National Bank and the Bank of Cheney. I infer 'state' bank from the name (not labeled National or Trust).
Events (1)
1.
June 15, 1896
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Hard collections and inability to place securities caused liquidity pressure leading directors to suspend payments; president of the bank was reported absent so affairs were uncertain.
- Newspaper Excerpt
- The First National Bank and the Bank of Cheney suspended payment today and did not open for business. Hard collections and inability to place securities are the principal causes of the failures.
- Source
- newspapers
Newspaper Articles (10)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
Two Banks at Cheney Fail. Cheney, Wash., June 15.-The First National bank and the Bank of Cheney have suspended payment, and today did not open their doors. The directors of the First National bank held a meeting last evening and concluded to take this step. Hard collection and inability to place securities are the principal reasons of the suspension. The First National deposits are small and will probably be paid in full. The affairs of the Bank of Cheney are a matter of speculation, as President Percival is absent and nothing definite can be ascertained. D. F. Percival is president of both banks.
Click image to open full size in new tab
Article Text
NUGGETS OF NEWS. The First National Bank and the Bank of Cheney of Cheney, Wash.. have suspended payment. The Beltimore News, an influential Democratic newspaper, practically gives notice in an editorial today of its intention to support the Republican ticket in case the St. Louis convention declares for the gold standard. H. J. Smith, the general superintendent of the Edison General Electric & Illuminating Company of New York, died at his home in Washingtonville, this morning, as A result of injuries rereived Sunday morning. With the view of preventing a duel between Marshal Martinez de Campos and General Borrero the Spanish government has decided to employ the former in active arvice. The Marshal, however. declare, that he will not accept a command except in Cubs. Judge Carpenter of the Circuit Court of Detroit, Mich., today refused to grant :An injunction to restrain the Improved Order of Knights of Pythias from using that designation, as the name of their order. He held that it is not sufficiently similar to that of the Supreme Lodge, Knights of Pythias to mislead any person. Thomas H. Boardman, the special partner of the shoe firm of Adams & Pettengill, who recently failed at Amesbury, Mass., with liabilities of $130.000 has withdrawn his appeal to the Massachusetts Supreme Court and will go into insolvency with the firm. Mr. Boardman was adjudged equally liable with the other meinhers of the firm by the lower court. Negotiations are pending for financial assistance by which, it is claimed by the members of the firm, all creditors will be paid in full and business resumen there very soon. Daniel Burns, an old soldier, fell on the sidewalk, corner of Broad and Winter street at 9:30 this morning and was assisted by a stranger, who took him to the office of the overseer of the poor, wio un sted the man to Dr. Palmer's office. The doctor not being in, the Door dd fellow was taken from one dector's office to another until 12:30, when the good samaratan and his charge found Dr. Ray at his office, 246 Broad street. The doctor, finding the man suffering, did what he could for him, and sent Dim to toe Rhode Island Hospital, where the old velefan was taken in the am vulance.
Click image to open full size in new tab
Article Text
More Prosperity in Washington. Cheney, Wn., June 16.-The First National bank and the Bank of Cheney have suspended payment. Hard collections and inability to place securities are the principal reasons for the suspension. The First National deposits are small and will probably be paid in full. The affairs of the Bank of Cheney are a matter of speculation, as President Percival is absent and nothing definite can be ascertained.
Click image to open full size in new tab
Article Text
Manks Suspend. CHENEY, Washn., June 16,-The First National Bank and the Bank of Cheney have suspended payment. Hard collections and inability to place securities are the principal reasons of suspension. The First National deposits are small and will probably be paid to full. The affairs of the Bank of Cheney are a matter of speculation, 88 Presi. dent Percival is absent and nothing definite can be ascertained.
Click image to open full size in new tab
Article Text
attempted to cut his throat, has been declared insane. The First National bank and the Bank of Cheney, Washington, have suspended payment. Chili will probably enact legislation imposing a heavy tax upon foreign insurance companies. Thieves entered a New York house, bound the servant and carried off $1,000 worth of property. Col. W. P. Hepburn has been renominated for congress for the eighth Iowa district without opposition. Mrs. Levi McKnight of Shelbyville, Ind., was dragged to her death by a horse which took fright at a bicyclist. Ramon O. Williams, late consul general at Havana, has returned. He says Americans are well treated there. Dr. Jose Delgado has filed at the state department a claim against the Spanish government for $200,000 damages. President Cleveland urges the friends of sound money to fight to the end for a sound currency at the Chicago convention. In New York the Civil Service Reform association thanked Governor Morton for his extension of the merit system. Mrs. Burr Winston of Aurora, III., is dead at an advanced age. Her husband was the first postmaster of the place. A. W. Coats, a resident of Sloux City, Iowa, since 1871, blew out his brains. He had been sick and despondent for months. The bond investigation authorized by congress began and Secretary Carlisle explained the contracts with the syndicate. I E. B. Parsons, a brakeman on_ the Wabash railway, was knocked from his train at Mexico, Mo., by a low bridge and killed. The democratic state convention of Minnesota declared for the gold standard and sent a sound-money delegation to Chicago. James Fones, aged thirty-six years, recently of Newark, N. J., was instantly killed in a runaway accident nt Saratoga, N. Y. Warren Jewell, aged 35, who died at Kaukauna, was buried at Greenville, his old home. He was a well known papermaker. The assailant of President Wyckoff, of the New Amsterdam Bank, died. He was identified as George H. Semple. There is no hope of Mr. Wyckoff's recovery. The Democratic national league, which is composed of colored voters of the democratic ticket, will meet at Chicago August 11. Fourth-class postmasters were appointed for Wisconsin as follows: Sylvester Burchneler, reserve; Benjamin Hurt, Spring Bluff. Henry Habenstein, a young farmer of Kendall, III., was found dying in his pig pen. It is thought he took poison with suicidal intent, although no reason is assigned. The engagement is announced of R. R. Skinner and Miss F. B. Stevick, musicians of Bloomington, III., who are to be married in August. Edward Dolan, whose supposed dead body was identified by his brother and friends in Philadelphia, is alive and well in Harrington. Del. John Jacob Actor has bought the Waldorf hotel in New York city and will connect it with another equally large which is building. The annual convention of the International Printing Pressman's union has begun at Chicago. About seventy-five delegates were present. Jerry Smith, the first man married in Sullivan county and for thirty years justice of the peace at Milan, Mo., is dead. He was 90 years of age, George Wyckoff, president of the Bank of New Amsterdam, N. Y., was shot and dangerously wounded by Clarence Clark, who committed suicide. H. M Herbert, late manager of the La Grange Butter Tub company at La Grange, Ind., was arrested on an in. dictment consisting of three counts. The navy department within the next ten days. will advertise for proposals for building the battle-ships and torpedo-boats provided for by congress. Thomas Freeman of Aurora, III. a conductor on the Chicago, Burlington
Click image to open full size in new tab
Article Text
The News Condensed. : Important Intelligence From All Parts DOMESTIC. By a fall of lumber in the Knapp Stout lumber yard in St. Louis Philip Slushman and William Stoll were killed and four other persons were badly injured. Carl H. Siver, aged 7 years; Thomas L. Melville, aged 12 years, and Eugene Reynolds, aged about 26, were drowned at Kenosha, Wis. The First national bank and the Bank of Cheney suspended payment at Cheney, Wash. Mra.,Levi McKnight, of Shelbyville, Ind., was dragged to her death by a horse which took fright at a bicyclist. A reservoir near Baker City, Ore., collapsed and the home of R. French was swept away and the entire family, consisting of the parents and five children, was drowned. Great destitution was reported among the striking miners in the bituminous coal districts in Indiana. Two daughters of Frank P. Hipp, a farmer living near Grinnell, Ia., committed suicide by taking strychnine. No cause was known. During a thunderstorm at Brownsville, O., lightning struck and killed nine steers owned by Joseph Phillips. Milton R. Wells, a widower about 50 years old, shot Miss Jennie Walters, aged 23 years. at Elkhart, Ind., and then set her clothing on fire and she was burned to death. No cause for the crime was known. A movement was started in Boston by the colored churches for the pur pose of erecting a $100,000 monument at Harper's Ferry to John Brown. Seven companies of state troops left Portland, Ore., for Astoria to suppress lawless acts of fishermen on the Columbia river. John Conners shot and killed Mamie Mulligan at Peoria, III., because she refused to marry him and then shot himself fatally. Theodore Ascher & Co., one of the oldest wholesale millinery firms in Chicago, failed for $100,000. Charles Emmler, a Chicago gasoline peddler, fatally shot his wife while he was drunk and then killed himself. The Middlesex woolen mill at Lowell, Mass., employing 1,000 hands, closed indefinitely. Henry Rosenthal and Miss Stella Pitkin were killed by the cars at Ball's Crossing, O. At the seventh annual convention in Boston of the Medal of Honor Legion Gen. Nelson A. Miles was elected president. A destructive windstorm swept over southern Kansas, wrecking buildings at Kingman, Penalosa, Anthony and Attica. Wilson T. Slayback was killed by lightning at Dayton, Ind., and his death so affected his father, aged 78, that the old man dropped dead from heart dis. ease. The two sons of Thomas Holderfield. aged 15 and 18 years, were killed by lightning at Marion, III. The international missionary convention at Clifton Springs, N. Y., adopted resolutions asking the United States government to protect the lives and property of American citizens in the Turkish empire. In Newport. Ky., the trial of Alonzo M. Walling, jointly indicted with Scott Jackson for the murder of Pearl Bryan, ended with conviction and penalty fixed at death. The final payment on account of the 4 per cent. loan of February last was made at the treasury department in Washington. A hurricane at Guthrie, O. wrecked the Central high school building and rtate capitol grounds and badly damaged many private residences. The boiler of the steamer Titus Sheard exploded on the canal at Little Falls, N. Y., while an excursion party was on board and 11 persons were killed and three were fatally and six seriously injured. Cornell university at Ithaca, N. Y. graduated a class of 400. The printers' strike in Minneapolis and St Paul was settled by an agreement between the typographical union and the publishers' association to arbitrate all differences as to wages and hours. Fire destroyed a block of business buildings in Bradford, Pa., the loss being $100,000. At New Haven. Conn, the boat race between the freshman crew of Yale and the University of Wisconsin crew resulted in a victory for the latter crew. The exchanges at the leading clearing houses in the United States during the week ended on the 19th aggregated $1,038,570,808, against $937,886,593 the previous week. The decrease compared with the corresponding week in 1895 was 3.5. There were 276 business failures in the United States in the seven days ended on the 19th, against 234 the week previous and 228 in the corresponding period of 1895. David D. O'Brien, one of the foremost Lawyers in Cook county, committed suicide by asphyxiation in his office in Chi-
Click image to open full size in new tab
Article Text
The News Condensed. Important Intelligence From All Parts. DOMESTIC. A terrific rain and electric storm did much damage at Danville, Ind. The 28th annual meeting of the Junior Order of United American Mechanics began in Denver, Col. The visible supply of grain in the United States on the 15th was: Wheat, 49,486,000 bushels; corn, 9,406,000 bushels; onts, 8,430,000 bushels; rye, 1,590,000 bushels: barley, 878,000 bushels. William Swarte while playing ball at Pataskala. O., was struck on the head by a pitched ball and died in a few minutes. The fruit crop in the vicinity of Niles, Mich., prom'sed to break all previous records. The treasury department at Washington has nearly completed the payments of beet and maple sugar claims under the bounty appropriation of $2338289 George H. Wyckeff, president of the Bank of New Amsterdam in New York, was probably fatally sho'. by a crank because he refused to hand over to him $6,000. E. H. Master, of Orange N.J., and the business masager of the New York Tribune, died on the steamer City of Rome while en route to Lordon. Chauncey M. Depew addressed 3,500 merchanis of St. Louis on the financial question and every reference to the maintenance of the gold standard was beartity Fire at Clinton Junction, Wis., destroyed the Taylor house, Chicago & Northwestern depot, Chicago, MilwanExc. Americant puu todap Paul 7S 28 I press office. -ues 78 "N 'N fee Santa 1V itarium, conducted by sisters of charity. was burred, the loss being $100,000. A hailstorm near Montford, Wis., did great damage to growing crops and many bridges were washed away. Cardinal Satolli has been relieved and Mons. Falconio, arcbbishop of Acerenja, will succeed him as apostolic delegate to the United States. William M. Boyst, the well-known six-day roller-skater, runner and bicyclist, died at Port Jervis, N. Y. George Card broke the world's bicycle record at Denver for an amateur paced mile, making the distance in 1:48. While trying to rob the store of Joseph Garlott at Mongo, Ind., an unknown man was shot and instantly killed. By a fall of lumber in the Knapp Stout lumber yard in St. Louis Philip Slushman and William Stoll were killed and four other persons were badly injured. Carl H. Siver, aged 7 years; Thomas L. Melville, aged 12 years, and Eugene Reynolds, aged about 26, were drowned at Kenosha, Wis. The First national bank and the Bank of Cheney suspended payment at Cheney, Wash. Mrs. Levi McKnight, of Shelbyville, Ind., was dragged to her death by a horse which took fright at a bicyclist. A reservoir near Baker City, Ore., collapsed and the home of R. French was swept away and the entire family, consisting of the parents and five children, was drowned. Great destitution was reported among the striking miners in the bituminous coal districts in Indiana. Two daughters of Frank P. Hipp, a farmer living near Grinnell, Ia., committed suicide by taking strychnine. No cause was known. During a thunderstorm at Brownsville, O., lightning struck and killed nine steers owned by Joseph Phillips. A cloudburst in the vicinity of Watkins, N. Y., greatly damaged property. Milton R. Wells, a widower about 50 years old, shot Miss Jennie Walters, aged 23 years, at Elkhart, Ind., and then set her clothing on fire and she was burned to death. No cause for the crime was known. A movement was started in Boston by the colored churches for the purpose of erecting a $100,000 monument at Harper's Ferry to John Brown. Seven companies of state troops left Portland, Ore., for Astoria to suppress lawless acts of fishermen on the Columbia river. John Conners shot and killed Mamie Mulligan at Peoria, III., because she refused to marry him and then shot him-
Click image to open full size in new tab
Article Text
CASHORTHORSESOON CURRIED." The States furnish many articles similar to the following: "Cheney, Wash-The first national bank and the bank of Cheney have suspended payment." How many notices of bank failures do you see in this free silver republic? [Chihuahua Enterprise. How many banks are there in the republic? Very few. So few that a single failure would present an apalling per centage.
Click image to open full size in new tab
Article Text
THE States furnish many articles similar to the following: "Cheney, Wash-The first national bank and the bank of Cheney have suspended payment." How many notices of bank failures do you see in this free silver republic?-Chihuabua Enternrise