Owego National Bank (Oswego, NY)

Episode Information

Episode UID
299601187
Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
29960 national
Charter Number
2996
Start Date
November 1, 1898*
Location
Oswego, New York

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
80b906a61794f1d1

Response Measures

None

Description

Corrected city spelling to Owego (Tioga County) from user-provided Oswego; article clearly refers to Owego, N.Y.

Events (3)

1. July 9, 1883 Chartered
Source
historical_nic
2. November 1, 1898* Suspension
Cause Details
Article states suspension but gives no cause or government action.
Newspaper Excerpt
The national bank at Owego, N. Y., Tioga suspended recently.
Source
newspapers
3. November 19, 1898 Reopening
Newspaper Excerpt
The Y., Tioga suspended recently. has resumed business.
Source
newspapers

Newspaper Articles (2)

Article from The Diamond Drill, November 19, 1898

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Article Text

The long strike of coal miners at Virden, III., has come to an end. Thieves entered the office of County Treasurer Culbertson at Chariton, la., and robbed the vault of $1,600. The exchanges at the leading clearthe States on the ing the houses week ended in United 11th during aggregated $1,254,558,581, against $1,462,743.683 the previous week. The decrease compared with the corresponding week in 1897 was 6.9. R. R. Tolbert, whose father and brother were shot in the race war at Phoenix, S. C., was in Washington to secure an investigation of the riot by the federal authorities. The entire business section of Covington, La., was swept away by fire. Robert Brown shot and killed his father-in-law, Louis McClellan, his mother-in-law and his wife Bertha and dangerously wounded his brother-inlaw in Glasgow. Ky. Prairie fires in the Chickasaw nation in Oklahoma have devastated scores of farms and ranches of crops and buildings. Gen. D. W. Flagler, chief of the buleau of ordnance, in his annual report says that there were expended during the fiscal year ended June 30, 1898, $7. 348,795. The president has appointed Richard Guenther, of Wisconsin, to be consulgeneral of the United States at Frankfort, Germany, and Frank H. Mason, of Ohio, to be consul-general at Berlin, Germany. The Turney & Jones Coal company of Columbus, O., and the Pennsylvania & Ohio Fuel company of St. Paul, Minn. went into a receiver's hands with liabilities of $1,200,000. Lieut. Herman G. Dresel, U. S. N., committed suicide in a hotel in Baltimore. His home was in Columbus. o. In convention in St. Paul the Woman's Christian Temperance union decided to abandon the temple building in Chicago. Window glass factories that have been idle in Pittsburgh, Pa., many months have resumed work. giving employment to 10,000 persons. Fire destroyed a large section of Dawson, Alaska, causing a loss of about $500,000 and leaving hundreds of people homeless and destitute. The visible supply of grain in the United States on the 14th was: Wheat, 19,194,000 bushels; corn, 23,529,000 bushels; oats, 5,499,000 bushels; rye, 1,017,000 bushels; barley, 3,341,000 bushels. The twentieth annual convention of the Knights of Labor began in Chicago The annual report of Charles P. Eagan, commissary of subsistence of the army, shows an expenditure of $6.008,715, with a balance of $20,222,689 to the credit of the bureau. Telephone communication has been established between Austin, Tex., and Bar Harbor, Me., a distance of 2,600 miles. The 2,600 employes in the seven shoe factories in Marlboro, Mass., struck for higher wages. More rioting took place near Greenwood. N. C., between whites and blacks and three of the latter were killed. Fire at Canonsburg, Pa., wiped out fully a third of the business portion, two of the principal hotels and many dwellings. Mrs. John B. Cuneo fatally shot her husband and Mrs. Fannie Howell at Argenta. Ark. Jealousy was the cause. says ing the ten excess of A Washington past dispatch months the that du $460.exports over imports aggregated 206,802. an increase of $240,958,653 compared with the same period last year. A seat on the New York stock exchange sold for $28,000, the highest price in 15 years. Anna Swanson eloped from her home Webster City, Ia., with F. E. Fred the father purnear erickson, and killed of the Frederick- girl sued the elopers and son. At the annual meeting in St. Paul of the Woman's Christian Temperance union Mrs. L. M. N. Stevens, of Maine, was elected president. supreme says are illegal than boycotts The Michigan when employed. other court peaceable methods are of coal den district, which the The (III.) strike miners bloodshed, has in been the Vircause of rioting and has been brought to an end. Chase. Isherwood & Co., the oldest tobacco firm in Ohio, has gone out of business. national bank at Owego. N. which The Y., Tioga suspended recently. has resumed business. Three Indian outlaws were killed in fight with officers at Chelsea, I.T. PERSONAL AND POLITICAL. The fusionists have conceded the republican control of the Nebraska legis-


Article from The Birmingham Age-Herald, March 12, 1908

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Article Text

FINANCIAL BILL HOTLY DENOUNCED Senator Clarke of Arkansas Hits Several Fierce Blows ALDRICH ATTEMPTS REPLY Investigation of Causes of the Panic Is Demanded by Senator Clarke, Who Also Denounces New York Stock Exchange. Washington, March 11.-Senator Clarke of Arkansas denounced the pending currency bill in a speech in the Senate today, declaring that no currency legislation should be enacted until an investigation is held as to the causes of the panic. "No such legislation is necessary now, said Mr. Clarke. "It is not only not necesI sary, but it may become dangerous. am not disposed to tolerate the idea of giving any support to the committee bill, nor the substitute proposed by the minority members of the Senate." If emergency currency is to be provided, Mr. Clarke said, the benefits should be extended all persons whose legitimate business demands cause them to need it. Mr. Clarke denounced the operations of stock exchanges and said the American people would not be satisfied with the proposed currency legislation without a complete knowledge of causes of the panic. "The time has arrived," he said, "when the affairs of the New .York stock exchange and other stock exchanges must be looked into." Mr. Clarke's reference to the stoppage of the payments by the New York banks called Mr. Aldrich to his feet with the remark that he did not believe the people would permit that course again to be pursued. "I trust the senator from Rhode Island as a historian," retorted Mr. Clarke, "but I do not trust him as a prophet." Mr. Clarke expressed the opinion that the majority would not pass the bill allowing the emergency circulation to be retired without limitation. Mr. Clarke said he would not only require a restriction of reserves, but he would deny to a national bank the right to pay interest on checking accounts. Senator Nelson suggested that the national banks should pay interest on the $250,000,000 of government deposits. Mr. Aldrich said that five years ago he had introduced a bill providing for the payment of interest on such deposits at the rate of 1 1/2 per cent, but, he added, senators had opposed that bill on the ground that it changed the nature of the loan. Former Senator Spooner and the late Senator Morgan, he said, opposed the bill. If that objection could be overcome he declared his willingness to again bring in such a measure. He did not know any reason unless it should be a legal one, of the kind suggested, why interest should not be charged on these deposits. Mr. Culberson, he said, had introduced a bill to require payment of interest on government deposits and it was now before the committee on finance. Mr. Bailey spoke at some length suggesting that the main purpose of his substitute was to favor the principle of government money instead of bank money He explained that he had provided for a distribution of the emergency currency in accordance with population, although he realized that business necessity was a greater measure of the amount they should have. But it was not possible to make sure of the business needs of the several sections and it was a simple matter to ascertain the population. An extended argument was made by Mr. Newlands of Nevada in favor of his view that the sending of a check from one state to another makes the business of banking interstate commerce.