Article Text
BANK SUSPENDED. The Bank of Jefferson, at Shepherdstown, temporarily suspended yesterday, they having been involved in the Nicholson & Son failure at Baltimore on Thursday. The amount we understand, is between $15,000 and $20,000.
23107. Bank of Jefferson (Shepherdstown, WV)
Bank Information
- Episode Type
- Run → Suspension → Reopening
- Bank Type
- state
- Start Date
- January 15, 1892
- Location
- Shepherdstown, West Virginia (39.430, -77.804)
Metadata
- Model
- gpt-5-mini
- Short Digest
cc210f9b
Response Measures
Full suspension
Description
Bank temporarily closed/suspended around Jan 15, 1892 after heavy involvement in the Nicholson (Baltimore) failure. Reports state the closure was on the eve of a run caused by news of the Nicholson failure; the bank resumed business by Jan 28, 1892. Liabilities and exact amounts unknown beyond $15,000-$20,000 exposure reported.
Events (3)
1.
January 15, 1892
Run
- Cause
- Correspondent
- Cause Details
- Run triggered by news of the failure of Nicholson & Son (a Baltimore bank) leading depositors to withdraw
- Measures
- Temporarily closed/suspended operations; reopened later (resumed business)
- Newspaper Excerpt
- the bank did temporarily close on the 15th inst. on the eve of a run caused by the news of the Nicholson failure in Baltimore
- Source
- newspapers
2.
January 15, 1892
Suspension
- Cause
- Correspondent
- Cause Details
- Suspension due to heavy involvement/losses from the Nicholson & Son failure in Baltimore (estimated $15,000-$20,000)
- Newspaper Excerpt
- The Bank of Jefferson, at Shepherdstown, temporarily suspended yesterday, they having been involved in the Nicholson & Son failure at Baltimore
- Source
- newspapers
3.
January 28, 1892
Reopening
- Newspaper Excerpt
- The Bank of Jefferson, of Shepherdstown, W. Va., reported closed on Saturday, is doing business again as usual. ... it opened and resumed business again last week.
- Source
- newspapers
Newspaper Articles (11)
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Article Text
BANK SUSPENDED. The Bank of Jefferson, at Shepherdstown, havetemporarily suspended Friday, having been involved in the Nicholson & Son failure at Baltimore on Thursday. The amount we understand, is between $15,000 and $20,000.
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Business Embarrassments. SHEPERDSTOWN, W. Va., Jan. 25.-The Bank of Jefferson. of this place. has closed its doors. The bank was involved heavily in the failure of the Nicholsons Bank, of Baltimore, and the suspension is due to those losses. The amount of liabilities is not known. DAYTON, O., Jan. 25.-Two suits were filed at Xenia, to-day, against the National Cordage Company. One is by Samuel M. Allison for $6,000 unpaid salary. and the other for $22,500 by the Field cordage-works for rent. Property of the company has been levied on by the sheriff. CHICAGO, Jan. 25. - State's Attorney Longenecker, in behalf of the people of the State of Illinois, filed an information in the Circuit Court, this morning, to forfeit the charter of the Chicago Trust and Savings Bank and for theappointment of a receiver, on the ground that it has violated its charter by charging usurious interest. by engaging in outside ventures and by watering its stock.
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A Shepherdstown (W. Va.) Banks Fails. (By telegraph to the Dispatch.] PITTSBURG, PA., January 25.-A Shepherdstown (W. Va.) special says: The Bank of Jefferson, of this place, has closed its doors. The bank was involved heavily on the failure of the Nicholson's bank, of Baltimore, and the suspension is due to those losses. The liabilities are not known, but the loss to stockholders will be heavy.
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BANK DOORS CLOSED. The Bank Involved in the Nicholson Crash at Baltimore. PITTSBURG, PA., Jan. 25.-A special from Shepherdson, W. Va., says: "The Bank of Jefferson, of this place, has closed its doors. The bank was involved heavily in the failure of Bank. of Baltithe losses THE the to stockholders are will not
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Stockholders Will Suffer. SHEPHERDSTOWN, W. Va., Jan. 25.The Bank of Jefferson, of this place, has closed its doors. The bank was involved heavily in the failure of the Nicholson bank, of Baltimore, and the suspension is due to those losses. The amount of liabilities is not known, but the loss to stockholders will be heavy.
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A Bank Resumes Business. PITTSBURG, Jan. 28.--|Special|-The Bank of Jefferson, of Shepherdstown, W. Va., reported closed on Saturday, is doing business again as usual. The bank did temporarily close on the 15th inst. on the eve of a run caused by the news of the Nicholson failure in Baltimore, but it opened and resumed business again last week.
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BANK DOORS REOPENED. It Closed Temporarliy, But Confidence Was soon hestored. PITTSBURG, PA., Jan. 28.-The Bank of Jefferson, of Shepherdstown, W. Va., reported closed on Tuesday, is doing business again as usual. The bank did temporarily close on Jan. 15, on the eve of the run caused by the news of the Nicholson failure in Baltimore, but it opened and resumed business again. Confidence has been restored and everything is going on as usual.
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NEWS BRIEF. From the Baltimore Sun. Wednesday, January 27, 1892. A conference will be held in Washington between commissioners representing Great Britain and the United States in regard to the seal fisheries. The Ohio House of Representatives has appointed a committee to investigate the allegations of bribery in the senatorial contest in that State. Senator Sherman has written a letter. The Associated Press announcement to the effect that the Bank of Jefferson, at Shepherdstown, W. Va., had suspended because of the Nicholson failure in Baltimore, was incorrect. The bank did temporarily close, but resumed business last week, and everything is going on all right. In the House, Mr. Breckinridge, of Kentucky, offered a resolution calling on the President for further information in regard to the Chilian correspondence. After debate the resolution was referred to the committee on foreign affairs. The new code of rules was discussed, and during the debate politics was introduced. Mr. Rayner, of Maryland, spoke strengly against free silver coinage, and paid a hearty tribute to the ability and courage of Grover Cleveland, The Maryland Legislature reassembled last night. It is thought the election of State treasurer and police commissioner will be deferred until next week. Bills reorganizing the bureau of labor statistics and abolishing extra charges for transfers on different lines of the same street railway companies will be introduced. A committee from the German societies of Baltimore will ask that measures be taken for the relief of oyster dredgers kept on vessels against their wills. The report of the State tax commission will be submitted to the Legislature this week. The Department of State at Washington yesterday received a dispatch from Minister Egan giving the reply of Chili to the final demand of the United States. The contents of the dispatch were not given out officially, but it is understood that Chili agrees to withdraw and apologize for the circularletter written by ex-Minister Matta imputing insincerity and falsehood to the government at Washington, to withdraw the request for the recall of Minister Egan, and to submit the Baltimore affair to some neutral power or to the decision of the Supreme Court of the United States. The reply is said to be satisfactory as to the Matta incident, and that much of the affair is regarded as closed. Thursday, January 28, 1892. Thomas Thompson, colored, is to be hanged at Chestertown, Md., tomorrow, for the murder of another colored man. At Alexandria, Va., Jefferson Phillips was sentenced to be hung March 25th for the murder of Geo. S. Smith. Committees from the Maryland Legislature visited Washington and officially notified Hon. Arthur P. Gorman and Hon. Charles H. Gibson of theirelection as United States Senators. News was brought to Baltimore by steamboat of the destruction by fire of the handsome dwelling of NE!
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BUSINESS FAILURES. THE MORE DISASTROUS ONES NOTED-BANKS GENERALLY. Jan. 11-First national bank, of Muncie, Pa. Jan. 23-First national bank of Downs, Kan.; $100,000. Jan. 25-Bank of Jefferson at Shepherdstown, W. Va. Jan. 29-Fall River county bank at Oelricks, S. D.: $30,000 Butler county bank at Chicora, Pa.: $60,000. Feb. 2-Commercial loan and savings bank at Kearney, Neb.: $150,000. Feb. 3-National bank of Silver City, and Feb. 4-Marcy, Geer & McCann's back at Raton, N. .M.; $800,000 First national bank of Deming, N. M. Feb. 6-Western Farm Mortgage Company at Denver; $1,000,000. Feb. 8 - Merchants' bank of Moorehead, Minn.: $175,000. Feb. 26-Newmarket (N. H.) savings bank suspended; $191,000. Mar. 1-Lima (0.) national bank. Mar. 21-Painesville (O.) Savings and Loan Association bank. Mar. 24 -American national bank of Birmingham, Ala. Apr. 15-Interstate national bank of New York. Apr. 27-Commercial bank of St. Paul, Minn.: ; $1,000,000. May 25-People's bank of Sea Isle City, N. J. June 4-Platte Valley bank at Central City, Neb. June 25-First national bank at Erie, Kan, Nesha county; losses, $30,000. Sep. 2-Nebraska State bank. at Crete. Sep. 23-Richmond (Me.) savings bank. Sep. 24-People's bank at Hope, Ark Oct. 17-Two Nebraska state banks, one at Ainsworth, the other at Springview. Oct. 27-Hot Springs (Ark.) Valley bank (private); $80,000. Nov. 5-Continental bank at Kansas City, Mo. Nov. 30-Stone City bank, of Joliet, 111., and Joliet Enterprise Co. (barb wire manufacturers); $1,000,000. Dec. 6-Wholesale mercantile firm of Wilczinski & Nelson at Greenville, Miss.: $100,000. Dec. 13-Black Hilis national bank at Rapid City, S. D. Dec. 13-Lipman & Co., jute merchants at Dundee. Scotland, failed for $1,250,000. Dec. 15-National bank of Newton, Kan. Dec. 18-Wholesale grocery in Brooklyn, N. Y.; $400,000. Dec. 26-E.S.Corser Minneapolis, real eastate dealer: $1,000,000.
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BUSINESS FAILURES. THE MORE DISASTROUS ONES NOTED-BANKS GENERALLY. Jan. 11-First national bank. of Muncie. Pa. Jan. 23-First national bank of Downs, Kan.: $100,000. Jan. 25-Bank of Jefferson at Shepherdstown, W. Va. Jan. 29-Fall River county bank at Oelricks, S. .D.: $30,000 Butler county bank at Chicora, Pa.: $69.000. Feb. 2-Commercial loan and savings bank at Kearney. Neb.: $150,000. Feb. 3-National bank of Silver City, and Feb. 4--Marcy. Geer & McCann's bank at Raton, N. M.: $800,000 First national bank of Deming. N. M. Feb. 6-Western Farm Mortgage Company at Denver: $1,000,000. Feb. 8 - Merchants' bank of Moorehead. Minn.: €175.000. Feb. 2--Newmarket (N. H.) savings bank suspended: $191,000. Mar. 1--Lima (0.) national bank. Mar. 21-Painesville (O.) Savings and Loan As: sociation bank. Mar. 24-American national bank of Birmingham. Ala. Apr. 15-Interstate national bank of New York. Apr. 27-Commercial bank of St. Paul, Minn.; $1,000,000. May 35-People's bank of Sea Isle City, N.J. June 4-Platte Valley bank at Central City, Neb. June 25-First national bank at Erie, Kan., Nesha county: losses, $30,000. Sep. 2-Nebraska State bank. at Crete. Sep. 23-Richmond (Me.) savings bank. Sep 24-People's bank at Hope, Ark. Oct. 17-Two Nebraska state banks, one at Ainsworth. the other at Springview. Oct. 27-Hot Springs (Ark.) Valley bank (private): 880,000. Nov. 5--Continental bank at Kansas City, Mo. Nov 30-Stone City bank. of Joliet, 111., and Joliet Enterprise Co. (barb wire manufacturers); $1,000,000. Dec. 6--Wholesale mercantile firm of Wilczinski & Nelson at Greenville, Miss.: $100,000. Dec. 13-Black Hills national bank at Rapid City, S. D. Dec. 15-National bank of Newton. Kan. Dec. 18-W holesale grocery in Brooklyn, N. Y.: $400,000. Dec. 26-E. S. Corser, Minneapolis, real estate dealer: $1,000,000.