First National Bank (Larimore, ND)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
January 31, 1898
Location
Larimore, North Dakota (47.907, -97.627)
Bank Type
national
Charter Number
2854

Metadata

Receivership Details

Depositor recovery rate
32.7%
Date receivership started
1898-02-26
Date receivership terminated
1904-08-15
OCC cause of failure
Fraud
Share of assets assessed as good
32.3%
Share of assets assessed as doubtful
42.2%
Share of assets assessed as worthless
25.4%

Notes

Receivership referenced in March articles; known receivership date (1898-02-26) used for receiver event.

Events (4)

1. January 9, 1883 Chartered
Source
historical_nic
2. January 31, 1898 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Slow collections and sustained withdrawals (~$60,000 over 60 days) left no prospect of relief leading board to close.
Newspaper Excerpt
The First National Bank of this city did not open its doors to-day. It appears that the bank has not been in an easy condition for some time, owing to slow collections.
Source
newspapers
3. February 26, 1898 Receivership
Newspaper Excerpt
The First National bank of Larimore having been placed in the hands a receiver since that time.
Source
newspapers
4. February 26, 1898 Receivership
Source
historical_nic

Newspaper Articles (23)

Article from Albuquerque Daily Citizen, January 31, 1898

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National Bank Fails. Larrimore, N. D., Jan. 31.-The First National bank did not open to-day. During the last sixty days there have been withdrawals of deposits amounting to $60,000. The assets are said to be largely in excess of liabilities. -


Article from Deseret Evening News, January 31, 1898

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TELEGRAPHIC BREVITIES. Captain-General Blanco sailed today from Santiago de Cuba for the north coast of the island. The Canton. Mass., postoffice was broken into early this morning. Blowing open the safe, the robbers carried off $2,000 worth of stamps. There is no clue. C. W. Miller of Chicago, winner of the last six-days' contest in Madison Square Gorden, New York, is eager to race Cordang, "The Dute:hman," in a 24 hours' paced race. The International Paper Co. of Corinth. Saratoga county. New York, a combination of all the big firms-in country, filed articles of incorporation today with a capital of $45,000,000. The engineering work throughout England re-opened today owing to the settlement of the great strike. About 25 per cent of the men were employed. The others will be given work gradually. George C. Howard, superintendent of schools of West Bridgewater, Mass., moderator of the last town meeting and ex-state representative, is a selfconfessed forger to the extent of $600. and is under arrest for the crime. Albert L. Sales, a prominent woollen manufacturer of Rhode Island, is dead at his home in Pascoag, aged 72 years. He was one of the pioneers of the wool industry and for 44 years was engaged in the business on his own account. The German Reichstag today adopted the measure increasing the salary of Prince Hohenloe, the imperial chancellor, to 100,000 marks. The social democrats, freissinnigs and the south German peoples party opposed the proposition. Chairman Jones of the Democratic national committee says there is no truth in the statement that he had removed William Harrity and substituted the man designated by the Pennsylvaria Democratic state committee as his successor. The students reassembled today at Madrid, Spain, with the object of making a demonstration against the Progresso office, but the precautions adopted by the police prevented the young men from approaching the offices of the newspapers. Dr. C. A. Simmons, famous throughout the country as the originator of "Simmons' liver regulator," died in Atlanta, Ga., last night at an advanced age. He was a native Georgian and expired at the home of his daughter, Mrs. W. J. Leehbaut. The New York Tribune says: The committee which was appointed by the members of the Broadway Tabernacle to select and recommend a pastor, has unanimously decided in favor of Rev. Charles Jefferson, of the First Congregational church of Chelsea. At 8:30 a. m. today (Monday) three miles from Greenville, Ohio, a Dayton & Union passenger engine caught C. F. Young. wife and 4-year-old girl in a top buggy, killing father and child. A and terribly injuring the mother. shed obstructed the view of Engineer Cragin. Rev. Martin Gessler, the pastor at St. Patrick's church at Elizabeth, N. J., who disappeared on Friday, has not yet returned. He is known to be in a convent in Canada and is said to have a left Elizabeth to avoid his receiving purse containing $2,500 in gold in honor of his 25th anniversary as priest. First National bank of Larimore, did not open its It that the bank has not in appears N. The D., doors today. owing been easy condition for some time to slow collections. During the last sixty days there have been withdrawals The of deposits amounting to $60,000. assets of the bank are said to be largely in excess of the liabilities. the steamer On board Alexandria last night which arrived at New York from London. was Lieutenant Henry Thomas Walsh. U. S. A., who has been in the care of Captain Maraccount of Walsh to sent shall At Quarantine, home on alcoholic attempted mania. jumq overbord. He was secured and he locked in his stateroom, where is in the care of friends. The Australfan cricketers, in the test match with the visiting eleven, at 323 runs in intralia, fourth English made Melbourne, their first AusThe Englishmen were for runs in the first innings nings. 174 of the all play and out on. At the close the English players scored today followed wicket down. had seven runs for one


Article from New-York Tribune, February 1, 1898

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SUSPENSION OF A NATIONAL BANK. Larimore, N. Dak., Jan. 31.--The First National Bank, of this city, did not open its doors to-day. It appears that the bank has not been in an easy condition for some time, owing to slow collections. During the last sixty days there have been withdrawals of deposits amounting to $60,000. Strenuous efforts have been made by the management to meet these demands, but as there was no prospect of relief the Board of Directors unanimously agreed to close The assets of the bank are said to be largely in excess of the liabilities


Article from The Wheeling Daily Intelligencer, February 1, 1898

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Owing to Slow Collections. HARIMORE, N. D., Jan. 31.-The First National bank of this city did not open its doors to-day. It appears that the bank has not been in easy circumstances for some time owing to slow collections. During the last sixty days there have been withdrawals of deposits amounting to $60,000. Strenuous efforts have been made by the management to meet these demands. but as there was no prospect of relief the board of directors unanimously agreed to close. The assets of the bank are sala to be largely in excess of the llabilities,


Article from Evening Journal, February 1, 1898

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National Bank Closes Its Doors. LARIMORE, N. D., Feb. 1.-The First National bank of this city did not open its doors yesterday. It appears that the bank has not been in easy condition for some time owing to slow collections. During the last sixty days there have been withdrawals of deposits amounting to $60,000. The assets of the bank are said to be largely in excess of the liabilities.


Article from Watertown Republican, February 2, 1898

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Bank at Larimore Closed. St. Paul, Minn., Jan. 31.-A Larimore (N. D.) special to the Dispatch says: "The First National bank of this city did not open its doors today. From what can be gathered from the officials it appears that the bank has not been in easy condition for some time owing to slow collections. During the last sixty days there have been withdrawals of deposits amounting to $60,000. The assets of the bank are said to be largely in excess of the liabilities."


Article from River Falls Journal, February 3, 1898

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A Bank Goes Under. Larimore, N. D., Feb. 1.-The First national bank, of this city, did not open its doors Monday. From the officials it is learned that the trouble is owing to slow collections. During the last 60 days there have been withdrawals of deposits amounting to $60,000. Strenuous efforts have been made by the management to meet these demands, but as there was no prospect of relief the board of directors unanimously agreed to close. The assets of the bank are said to be largely in excess of the liabilities.


Article from The Saint Paul Globe, February 9, 1898

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NORTH DAKOTA BOOMING SEVERAL OF ITS CITIZENS ARE IN ST. PAUL Lively Scramble Among the Republicans for All the Federal Plums in Sight-Senator Hansbrough and Congressman Johnson at Loggerheads. North Dakotans were especially in evidence around the hotels yesterday. For the most part those in town yesterday were merchants, who had come down to do their spring buying, with a politician sprinkled in here and there. Thomas B. Edison, of Larimore, a nephew of "The Wizard," was at the Merchants yesterday. Mr. Edison is one of the best known bankers and successful farmers in the Dakotas. Back in the early '80s Mr. Edison bought a large farm on the head waters of the Turtle, and the story goes that the first year he cut 350 tons of hay and sold it for $10 per ton in the stack. Mr. Edison said yesterday that he was thinking of having a spur track laid across his farm, and building an elevator on the premises. Of late years his operations have been confined to wheat raising, but in the early years of his residence in Dakota he raised oats. One year he harvested 102 bushels to the acre and sold the whole crop for over forty cents per bushel on the farm. Mr. Edison is on his way to Washington, D. C., where he will look up the appointment of a receiver for the First National bank of Larimore, which closed its doors ten days ago. Richard Daly, of Devil's Lake, was a guest at the Merchants' yesterday. Mr. Daly was the Republican nominee for sheriff of Ramsey county last fall. He is now in the grain business. Previous to his removal to the city of Devils' Lake he was the owner of one of the finest farms in the county. There is quite a scramble among the Republican politicians of North Dakota for federal positions. The recent appointment by President McKinley of John Haggard as United States marshal has simmered the contest down to the land office places. It is generally understood among North Dakota Republicans that Harry Baird, of Devil's Lake, is to be named for the position as register of the land office. Mr. Baird has been in Minneapolis for several days, and it is understood that Senator Hansborough has practically decided upon Mr. Baird for the place. Senator Roach being of the opposite persuasion he will have no voice in the selection of any of the federal positions. Congressman Johnson has disagreed in many instances with Senator Hansborough on federal as well as recommendations for consular appointees. A prominent North Dakota man said yesterday that it was the general understanding among politicians of the state that Senator Hansborough's recommendation would receive favorable consideration at the hands of the president whether Mr. Johnson indorsed the appointment or not. The


Article from Courier Democrat, February 10, 1898

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BANK DOORS CLOSED. Larimore Institution Compelled to Suspend Payment. Larimore, N. D.-The First National bank of this city has failed to open its doors for business. From what can be gathered from the officials it appears that the bank has not been in an easy condition for some time, owing to slow collections. During the last sixty days there have been withdrawals of deposits amounting to $60,000. Strenuous efforts have been made by the management to meet these demands, but, as there was no prospect of relief, the board of directors unanimously agreed that the interests of all conserned would be best subserved by closing the doors of the bank and notifying the controller of the currency of the condition of affairs. The assets of the bank are said to be largely in excess of the liabilities, SO that the creditors may expect to be paid off as soon as the atfairs can be liquidated.


Article from Bismarck Weekly Tribune, February 11, 1898

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need not be afraid of eating dirty cooking." LaMoure and Cando have furnished Klondike parties. A county seat war is billed for Pembina county next fall. It is stated Jud LaMoure has gone to Mexico to buy a silver mine. A number of Valley City residences will be lighted with acetylene gas. Orlando Cornell, an old man of large family, committed suicide near Dickin. Dr. Smith of Dickinson will go to Klondike to practice, and locate a good claim on the side. Editor Streeter of the Emmons County Record is happy over the decision of the Wells county tax case. A state Maccabee picnic will be held at the state Chautauqua grounds at Devils Lake next summer. H. A. Birtsh of Langdon a other while fractured skull and injuries got playing hockey at the ice rink. The public schools at Mandan have been closed for a week on account of scarlet fever, which is prevalent. The papers in the appeal in the Crum case have been and disbarment prepared will be sent to the supreme court. John I. Moore, the defaulting president of the Minot Coal company left debts amounting to $5,000 at Minot. Lieutenant Albright, the new governmilitary instructor arrived ment has at the state university at Grand Forks. Casselton is furnishing city arc lights for 865 a year. Cando has also started its light plant, which givesgeneral satisfaction. The Valley City electric light plant is inadequate to the necessities of the city and another dynamo will have to be procured. Ernie Kent of the Nelson County Herald gets the nominating fever and suggests Private Secretary Phelps for governor. Now that the blind piga have been cleaned out, the peripatetic bootlegger has begun to make his appearance in Devils Lake. Wonders will never cease. Tom Sloan, the well known passenger conductor has been appointed a director in the Y. M. C. A. at Fargo. Jamestown people are gratified over the successful sale of the asylum bonds. It will mean the expenditure of over $40,000 at the asylum. Theodore Laue is suing the James river valley bank for $5,000, claiming he was to extent horse injured the by a which he bought of the bank. There is an attack of Klondicitis at Wahpeton, and a party with $10,000 capital is to be organixed, headed by Dr. Quick and Editor Garred. The Northern Pacific has paid the taxes levied under the retroactive act at Fargo. It has also settled its delinquent taxes in Richland county. No receiver will be appointed for the First National bank of Larimore at present, the officials of the bank being given time to raise money to liquidate. St. Thomas, Pembina county, claims the unique distinction of not having a child who man, woman or is affected by the gold fever and the Klondike craze. The teachers of McIntosh county are reported to have refused "to attend at reading until blind circle meetings held Ashley pigs and other disreputable houses are closed." Fire destroyed the barn and twenty to Carl head of stock belonging Francine, a farmer living a mile from Ellendale. Incendiarism'is suspected, and Elias Enderson is under arrest. t Secretary Higgins of the Record Publishing Company has resigned-it i said all is not harmony in the company -since Higgins sold Argus stock to Jordan, and thus enabled the rout of


Article from The Sun, March 7, 1898

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Bank President and Cashier Arrested. GRAND FORKS. N. D., March 6.-J.B. Streeter. Jr., President. and H. C. Streeter. cashier of the defunct First National Bank of Larimore, were arrested last evening. charged with receiving money just before the bauk suspended. knowing that the institution was insolvent. Both were brought before Justice Goodwin, waived examination. and were bound over to the District Court.


Article from Bismarck Weekly Tribune, March 11, 1898

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schools are again closed, because of improper quarantine regulations. Kidder county claims $57,000 in taxes and penalties from the Northern Pacific which is the amount for which suit has been brought. The taking of the inventory at Standing Rock will be completed this week and Agent Bingenheimer will take charge on Monday next. The Mandan Pioneer discovers that the Northern Pacific will hereafter do much of the machine shop work that has been done at Mandan, at Brainerd, and remove a number of mechanics from Mandan. About $1,000 difference monthly in the payroll. Grand Forks Plaindealer: Senator Gordon's appointment to the receivership of the First National bank of Larimore appears to be a most satisfactory one, and there seems to be a general desire that he accept it, to be followed by an appointment to the position of national bank examiner. E.O. Faulkner, formerly auditor of Walsh county and now receiver of the Pecos Valley railroad, New Mexico, has secured 82,500,000 for extending the road 215 miles from Roswell, N. M., to Washburn, Texas, where it will connect with the Santa Fe system and with the Union Pacific, Denver & Gulf. The First National bank of Bathgate has gone into voluntary liquidation. It is said that this is preliminary to closing its affairs preparatory to the organization of a state bank with smaller capital. Local bankers find that the expense account and taxes attending large capital in a national bank offset all the profits. Allen J. Wine, who was once sent enced to the penitentiary, served several weeks, was granted a new trial by the supreme court, and whose case resulted in a disagreement at the second trial, hais been discharged from custody. He has been in jail about two years, and was originally accused of swindling Fargo people out of several thousand dollars on a fake mining deal. Argus: Chief of Police Best arrived from the east last night on the second second of No. 1. He was accompanied by no one and while feeling rather tired after the journey he stated that he was feeling much better than he had expected. He was taken home and it is expected that after a night's rest he will feel much better. He was too tired last evening to talk much. The Ransom Co-operative Creamery association will open its new creamery on Thursday, March 10. A free dinner will be served in a mammoth five pole tent having a capacity of 12,000 people and will be heated by over 3,000 feet of steam pipe, making it as comfortable as any city parlor. A committee of over 00-ladies will preside over the dinner. At a meeting of the officers and stockholders an extensive program was arranged and committees were appointed. Notwithstanding the verdict of the coroner's jury and all indications pointing toward suicido in the case of Harry Randall, whose tragic though mysterious death near Milton was reported several weeks ago, there are a great many who firmly believe that the man was murdered and placed in the position in which he was found by his murderers. It is believed that he had about 81,000 in currency in his dwelling at the time of his death, but no money was found after the tragedy. Startling developments are anticipated shortly. Harvey Herald: A 2-year-old son of J. Boeneth, 8 German farmer residing in the settlement at "406" was burned to death on Monday. It seems that Mrs. Boeneth had left her two children, aged


Article from Courier Democrat, March 17, 1898

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NORTH DAKOTA BANKS, Controller Dawes 1x Giving Them Special Attention. Washington-It is said at the office of the controller of the currency that no official information has been received of the arrest of the Streeters. president and cashier of the defunct First National Bank of Larimore, N. D. It is said that Special Examiner McDenald, who was recently sent to North Dakota to examine the condition of the failed national banks in that state, has probably concluded his examination of the two banks in Grand Forks and of the bank at Fargo. Up to date no report has been received from him as to the condition of these banks, but one will probably be received in a few days. Controller Dawes is at present out of the city, but it is probable that he will decide whether to appoint receivers for these banks upon his return. A preliminary report of the trust under his charge has been received from Receiver Kneeshaw, of the First National Bank of Pembina. It is probable that the first dividend will shortly be declared.


Article from Bismarck Weekly Tribune, March 25, 1898

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THE comptroller of the currency has received the statement of the condition of the twenty-five national banks in North Dakota at the close of business February 15. This is one less bank than was doing business in December, the First National bank of Larimore having been placed in the hands a a receiver since that time. A comparison with the December report shows that the banks have materially deceased their individual deposits, loans and discounts and average reserve, while a slight gain is shown in the gold holdings. The individual deposits in the last report were $5,848,112, against $5,493,911 in the current report, while the loans and discounts have fallen from $4,321,690 in December to 84,297,239. The average reserve held by the banks has also been reduced from 39.88 per cent to 32.46 per cent. The present holdings of gold coin are $227,390, an increase of more than $5,000.


Article from The Seattle Post-Intelligencer, June 18, 1898

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Banker Streeter Acquitted GRAND FORKS N. D., June 17.-In the case of J. B. Streeter, president of the recently suspended First National bank at Larimore on the charge of receiving deposite, knowing the bank was insolvent. the jury was advised by Judge Fisk to bring in a vardict for the defendant on the ground that the insolvency of the bank had not been proved. and consequently returned a verdier of acquittal.


Article from The Diamond Drill, December 31, 1898

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BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 24-National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 24- Bank of Southern Baltimore, $170,000. Mar. 16-Home savings Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25 Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29 Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia., $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabilities $103,000 German national of Pitts burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. 28 Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30 -Second national, of Toledo, o., goes into voluntary liquidation.


Article from Marietta Daily Leader, January 1, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 21-National, Paola, Kan., suspended. 1-First - national, Larimore, N. D., $71,754. Feb. -Bank of Southern Baltimore, $170,000. Mar. 6-Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25 Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7--Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13--Tioga national, of Oswego, N. Y., closed. 19 -First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000 closed; resumed on Nov. 15. 20-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., susspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30 Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.


Article from Twice-A-Week Plain Dealer, January 3, 1899

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HAPPENINGS OF 1898. A Chronological Array of the Most Prominent Events. STORY OF SPANISH-AMERICAN WAR. Brief Mention of Financial Failures, Startling Catastrophes and Crimes-Necrology of Year - Politics and Sport. BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 24-National, Paola, Kan., suspended. 81-First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16-Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul.20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia., $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N.Y., closed. 19-First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabilities, $7,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. President suicides an hour later. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.


Article from The Iola Register, January 6, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. - First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16- Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, la. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, III. $150,000. 7-Fillmore county, Preston, Minn., $156,000 Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forgo, Va., liabilities, $50,000. Oct. 4 --Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., Habil German national of Fitts ties $103,000 burgh, Pain liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29 -Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., sus pends, 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., clease doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation.


Article from The Cape Girardeau Democrat, January 7, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, III $60,000. 24-National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 21-Bank of Southern Baltimore, $170. 000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia. $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. -Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150, 000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich, $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing_2., suspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Teledo O., goesinto voluntary liquidation.


Article from Perrysburg Journal, January 7, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. -First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170.000. Mar. 16-Home savings, 8 Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29- l'homas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la. $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, III., $150,000. Fillmore county, Preston, Minn., $150,000. Sep. It-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4 -Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29 Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation.


Article from The Holly Chieftain, January 13, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24 -National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170, 000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. .20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, 1a., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (sus pended) Aug. 11-Bank of Waverly, III., $150,000. 27 -Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Aia., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., lia bilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon. O., capital 350,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, 0, goes into liquidation. Nov. 5-First national, of Flushing., O., suy. pends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doora with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.


Article from Barton County Democrat, January 13, 1899

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HAPPENINGS OF 1898. A Chronological Array of the Most Prominent Events. STORY OF SPANISH-AMERICAN WAR. Brief Mention of Financial Failures, Startling Oatastrophes and Crimes-Necrology of Year - Politics and Sport. / BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. 31-First - national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16 Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul.20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended). -Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabilities, $7,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 10-First national, of Emporia, Kan., closed. President suicides an hour later. 2S-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. S-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.