2753. Farmers State Bank (Clearfield, IA)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
June 18, 1906
Location
Clearfield, Iowa (40.801, -94.476)

Metadata

Model
gpt-5-mini
Short Digest
7aea64e6851cbe03

Response Measures

None

Description

Bank was closed by the Iowa state bank examiner in mid-June 1906 due to badly kept books, forged/unauthorized notes and discovered crooked dealings by the former cashier who fled. A receiver (O. C. Hill) was appointed โ€” no evidence or reports of a depositor run in the articles.

Events (2)

1. June 18, 1906 Suspension
Cause
Government Action
Cause Details
Closed by the state bank examiner after discovery that books were in bad shape and notes for large sums (alleged forgeries) appeared on the books.
Newspaper Excerpt
The Farmers State bank was closed today by the state bank examiner. The books are in bad shape and the actual condition may not be known for some time.
Source
newspapers
2. June 23, 1906 Receivership
Newspaper Excerpt
O. C. Hill has been appointed receiver for the Farmers' State Bank, which was closed last week by the state bank examiner, and is now in possession. Former Cashier George A. Ferren has left for parts unknown, and sensational developments have come to light in his case.
Source
newspapers

Newspaper Articles (19)

Article from The Cairo Bulletin, June 19, 1906

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Article Text

CLOSED A BANK. Clear Field, la., June 18.-The Fa mers State bank was closed today by the state bank examiner. The books are in bad shape and the actual condiion may not be known for some time A receiver will be appointed. Note for large sum have been found which the alleged makers deny they ever signed.


Article from Alexandria Gazette, June 19, 1906

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News of the Day. Col. W. Lumpkin, a Confederate soldier, has entered the campaign in South Carolina for Seuator Tillman's seat. After devoting most of the session to further debate of the Lake Erie and Ohio river canal scheme, the Senate yesterday passed that bill. The Farmers State bank of Clearfield, Iowa, has been closed by the state examiner. Notes to a large amount are said to be the cause of the suspension. The bank denies signing the notes. Mrs. Carl F. Bode, wife of one of the best known engineers on the Denver and Rio Grande Railroad, was deliberately shot to death yesterday in Salida, Colo., by Mrs. Harold Hutchinson, wife of a switchman, who accused her of having been too friendly with Hutchinson. The basis of a complete agreement OD the meat inspection legislation yesterday was an arrangement between the President and Speaker Cannon representing the House committee. Concessions were named by both sides, The government will pay the cost of inspec tion, and there will be no court review. A dispatch from Columbus, O., says that the trouble that has existed for some time between the operatore and minera in Ohio, was finally settled today. The strike has been declared off, and the men have been ordered to resame work. One clause in the settlement agreement provides for the return of union men to the mines in eastern Oh O. Exhausted and almost unconscious, Benjamin Scott, a lad of ten years, was found yesterday afternoon tied down on the rails of the Delaware and Hudson Railroad between Fort Edward and Sandy Hill, New York. A track walker found the boy and released him just in time to save him from being crushed by a train. The boy, who lives in Fort Edwards, said that he had been seized while on his way home by two young men, who, after lashing him, secured him across the rails and left him. How long he had lain there he could not say, but it is supposed that he must have been there for more than an hour.


Article from Omaha Daily Bee, June 19, 1906

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Clearfield Bank Closed. CLEARFIELD, Ia.. June 18.-The Farmers State bank of Clearfield. Taylor county. was closed today by the state bank examiner. The books of the institution are in a bad shape and its actual condition will not be known for some time. A recelver will be appointed. Notes for large sums have been found which the alleged debtors deny that they ever signed.


Article from The Barre Daily Times, June 20, 1906

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IOWA BANK CLOSED. Books in Bad Shape-Receiver to Be Appointed. Clearfield, Ia., June 20.-The Farmers State Bank of Clearfield, Taylor county, was closed Monday by the State Bank Examiner. The books of the institution ae said to be in bad shape and its actual condition will not be known for some time. A receiver will be appointed. Notes for large simms have been found which the alleged makers deny that they ever signed.


Article from The Globe-Republican, June 21, 1906

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An Iowa Bank in Trouble. Clearfield, Ia., June 19.-The Farmers' State bank of Clearfield, Taylor county, was closed Monday by the state bank examiner. The books of the institution are in a bad shape and its actual condition will not be known for some time. A receiver will be appointed. Notes for large sums have been found which the alleged debtors deny that they ever signed.


Article from Iowa County Democrat, June 21, 1906

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BANK IN BAD SHAPE. Notes for Large Sums Appear to be Forgeries. Clearfield, Iowa., June, 19,-The Farmer's state bank was closed yesterday by the state bank examiner. The books are in bad shapeand the actual condition will not be known for some time. A receiver will be appointed. Notes for large sums have been found, which the alleged makers deny they ever signed.


Article from Abilene Weekly Reflector, June 21, 1906

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An Iowa Bank in Trouble. Clearfield, Ia., June 19.-The Farmers' State bank of Clearfield, Taylor county, was closed Monday by the state bank examiner. The books of the institution are in a bad shape and its actual condition will not be known for some time. A receiver will be appointed. Notes for large sums have been found which the alleged debtors deny that they ever signed.


Article from Iowa State Bystander, June 22, 1906

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BANK IN RECEIVER'S HANDS Accounts of Institution Said To Be Badly Muddled. Clearfield.-The Farmers' State bank of Clearfield has been closed by the state bank examiner. Its books are in bad snape and the actual condition of the institution will not be known for some time. There is no evidence that the funds have been misappropriated, but large deposits and liabilities are not properly accounted for and a receiver will endeavor to disentangle the mixup. George Green, who had been cashier of the institution for the past ten years, was removed last December on account of troubles the institution had encountered. O. C. Hill has had charge of the institution since that time and it is said that the discrepancies were discovered by Mr. Hill. The capital stock was $25,000, and deposits amounted to about $42,000, with about $56,000 bills receivable. After the change of cashiers the bank seemed to be all right, until lately things began to show up that had not been known. Wiley Mix claimed $6,600 of a deposit, and the bank books show $600. Lately, some $25,000 liabilities have turned up, so it is reported, that were not known to exist. Notes for large sums are found that the alleged makers deny they ever signed.


Article from Evening Times-Republican, June 23, 1906

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Former Cashier of the Farmers State Bank at Clearfield in Crooked Deals NOTES SOLD AND MONEY KEPT Sensational Developments Coming to Light Since the Receiver Took Charge of the Bank--One Farmer Said to Have Been Victimized Out of $4,000. Special to Times-Republican. Clearfield, June 23.-O. C. Hill has been appointed receiver for the Farmers' State Bank, which was closed last week by the state bank examiner ,and is now in possession. Former Cashier George A. Ferren has left for parts unknown, and sensational developments have come to light in his case. It appears that Ferren did a good deal of crooked work before he left. Several of these deals have been exposed and it is feared that he was mixed up in others. A farmer. John Hart, borrowed about $4,000 of the bank and about January last had a' sale and gave his notes to Ferren, indorsed over. Ferren sold the notes and has not accounted for the money or applied it on Mr. Hart's note. Mr. Hart would not do business with the new cashier, but turned his business to Ferren. who betrayed him. Mr. McGregor of Tingley, a noted horse buyer, sent a draft to Mr. Ferren after he was out of the bank and it is not accounted for. Mr. Ferren was school treasurer, and had about $10,000 school funds in his possession as such officer. It is secured. He leaves his wife and three children destitute, as far as known.


Article from The Minneapolis Journal, June 24, 1906

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BANK CASHIER GONE; CROOKED WORK FOUND Sensational Developments in the Officers of the Farmers' State Bank of Clearfield, Iowa. Marshalltown, Iowa, June 23.-Sensational developments have come to light in the case of the Farmers' State bank at Clearfield, which was recently. closed by the bank eaminer. The former cashier, George A. Ferrin, left for parts unknown and crooked work has been discovered. A farmer named John Hart borrowed $4,000 of the bank. He held a sale last aJnuary and turned the netes over to Ferrin. Ferrin sold the notes and never accounted for the proceeds. A draft sent from Tingley to Ferrin after the latter was out of the bank was never accounted for. Ferrin had the custody of $10,000 school money, but it is secured. His wife and three children will be destitute. The bank is in the hands of O. C. Hill, receiver.


Article from The Greenville Journal, January 3, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. 24-First National bank. Attalla, Ala., closed by national bank examiner. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. 28-Joplin (Mo.) Savings bank closed by state officials. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. 30-White, Dunham Shoe Co., of Brockton and Boston, failed; liabilities, $400,000. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. v. Chandler at Macomb, Colchester and Bardolph, III., closed for lack of ready cash. Dec. 1--Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa, closed by comptroller of currency. 13-Cummings Commi on Co., one of largest brokerage how es in northwest, suspends. 17-Lincoln bank of Morton Park, suburb of Chicago, fails.


Article from River Falls Journal, January 3, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh,* president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20--Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, susurb of Chicago, fails.


Article from Warren Sheaf, January 3, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. - Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, susurb of Chicago, fails.


Article from The Chickasha Daily Express, January 3, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, III, assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, III.; liabilities, $100,000. May 2-Delmont national bank, Delmont, Fa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closรฉd as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, III., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets.


Article from The Globe-Republican, January 3, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business: liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. v. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg. Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, susurb of Chicago, fails.


Article from Times-Promoter, January 4, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110.000; assets, $130,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, III.; liabilities, $100,000. May 2-Delment national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 28-Real Estate Trust Co., of Philadelphia, suspends business: liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, III., closed for lack of ready cash.


Article from The Rice Belt Journal, January 4, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, III., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets.


Article from Montpelier Examiner, January 11, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 10-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, III., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. v. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets.


Article from Evening Times-Republican, May 9, 1907

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Items From Clearfield. Special to Times-Republican. Clearfield, May 9.W. I. Fritz has traded his residence, store building and stock of drugs in Lenox, and 160 acres of land in Missouri for six sections of arid land in Colorado, only twenty miles northeast of Denver, and will move to Denver in June. He was out there last week, and sold four sections of it at an advance of $3 per acre. He gets a one-third interest in an elevator in Denver. The land can be made productive so they claim, by the Campbell dry irrigation method of tillage. An action compelling the stockholders in the Farmers' State Bank to pay into the hands of the receiver the full amount of their stock, has been made in district court. The Clearfield Creamery Company is erecting an addition to their creamery and making everything up to date. Mrs. Singer is visiting her parents in Davenport, this week.