3145. Bank of Newton (Newton, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 19, 1884
Location
Newton, Iowa (41.700, -93.048)

Metadata

Model
gpt-5-mini
Short Digest
369358d4ed682005

Response Measures

None

Description

Multiple newspapers (reprinting Bradstreet's failure list) report the 'Bank of Newton, Iowa' among suspensions for the week ending April 19, 1884. The items only list the bank as a suspension; no article mentions a run, reopening, or receiver. Because no reopening or follow-up is reported here and Bradstreet's 'suspensions' in such lists often indicate failure, I classify this as a suspension leading to closure. No cause is given in the excerpts (likely an insolvency or failure reported to Bradstreet), so cause is set to 'other/unknown.' OCR corrected nothing significant.

Events (1)
1. April 19, 1884 Suspension
Cause Details
Listed among suspensions in Bradstreet's weekly failure report for week ending April 19, 1884; no specific cause provided in the articles.
Newspaper Excerpt
Among the suspensions reported were ... Bank of Newton, Iowa
Source
newspapers

Newspaper Articles (4)
1. April 21, 1884 Wheeling Register Wheeling, WV
Article from Wheeling Register, April 21, 1884

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Article Text

THE FAILURE RECORD Showsa Decrease of Forty Last Week Compared With the Previous Seven Days. NEW YORK, April 20.--There were 155 failures in the United States reported to B adstreet's during the past week, against 195 in the preceeding week, and 160, 86, and 87 in the corresponding weeks of 1883, 1882, and :881 respectively. About 82 per cent were those of small traders whose capital was less than $5,000. Among the saspensions reported were Seth W. Hale, manufacturing jeweler, and Henry V. Butler, paper. New York city: R. McBurney & Son, commission grain, Philadelphia; Marine Railway and Dock Company, Cincinnati, Bank of Newton,"lows, and Hiller, Halllock & Co., bankers, Col. In the principal trades there were: General stores, 28: grocers, 19; drugs, 10; liquors, 9; shoes, 8; jewelry. 8; hardware 5; hotels and restaurants, 5; paper, books and stationery. 5; coal. 4; dry goods, 4:grain and flour, 4; manufacturers, 4; produce and :provisions, 4; tobacco and cigars, 4; banks and bankers, 3; bakers and-contectioners, 3; carpenters and builders, 3; clothing, 3; fancy goods, 3; furniture. 2; lumber, 2; harness, 2.

2. April 21, 1884 Savannah Morning News Savannah, GA
Article from Savannah Morning News, April 21, 1884

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Article Text

About 82 per cent. were those of small traders whose capital was less than $5,000. Among the suspensions reported were Seth W. Hale, manufacturing jeweler, and Henry V. Butler, Jr., paper, New York city; R. McBurney & Sons, commission grain, Philadelphia; Marine Railway and Dock Company, Cincinnati: Bank of Newton, Iowa, and Hiller, Hallock & Co., bankers, Buena Vista, Col. In the principal trades they were as follows: General stores 28, grocers 19, drugs 10, liquors 9, shoes 8, jewelry 8, hardware 5, hotels and restaurants 5, paper, books and stationery 5, coal 4, dry goods 4, grain and flour 4, manufacturers 4, produce and provisions 4, tobacco and cigars 4, banks and bankers 3, bakers and confectioners 3, carpenters and builders 3, clothing 3, fancy goods 3, furniture 2, harness 2, lumber 2. ALABAMA. Montgomery.-C. W. Barnett, grocer, failed and sold out. C. H. LaCaste, marble, reported left town. FLORIDA. Altoona.-Brannon Bros., general store, sold out for $6,000 and assigned. Jacksonrille.-J. A. Huau (Huau & Co.), cigar manufacturers, assigned. Preferences $21,028, liabilities reported at $40,000. GEORGIA. Atlanta.-W. B. Burke, books, receiver appointed. Chattel mortgage $600. Columbus.-R. H. England, contractor, sold out to D. W. Champayne, a former partner, who held first mortgage on stock. Ellarille.-A. Allen, grocer, failed. Jonesboro-,L. J, Murphy, general store, failed. Langtry.-S. M. Deriso, general store, failed. SOUTH CAROLINA. Foreston.-J. A. M. Cannon & Brother, general store, failed and turned over stock for creditors. Nichols Depot.-L. R. David, general store, asks an extension until next fall.

3. April 24, 1884 River Falls Journal River Falls, WI
Article from River Falls Journal, April 24, 1884

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Article Text

Failures of Last Week. There were 155 failures in the United States reported to Bradstseet's during the week ending 19th, against 195 in the preceding week, and 160, 86 and 87 in the corresponding weeks of 1883, 1882 and 1881 respectively. About 82 per cent. were those of small traders whose capital was less than $5,000. Among the suspensions reported were: Seth W. Hale, manufacturing jeweler, and Henry V. Butler, paper, New York City; R. McBurney & Son, commission, grain, Philadelphia; Marine Railway and Dock company, Cincinnati: Bank of Newton, Iowa, and Hiller, Hallock & Co., bankers, Buena Vista, Col.

4. April 24, 1884 The Northern Pacific Farmer Wadena, MN
Article from The Northern Pacific Farmer, April 24, 1884

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Article Text

Failures of Last Week. There were 155 failures in the United States reported to Bradsteeet's during the week ending 19th, against 195 in the preceding week, and 160, 86 and 87 in the corresponding weeks of 1883; 1882 and 1881 respectively. About 82 per cent. were those of small traders whose capital was less than $5,000. Among the suspensions reported were: Seth W. Hale, manufacturing jeweler, and Henry V. Butler, paper, New York City; R. McBurney & Son, commission, grain, Philadelphia; Marine Railway and Dock company, Cincinnati; Bank of Newton, Iowa, and Hiller, Hallock & Co., bankers, Buena Vista, Col.