3176. Bank of Buck Grove (Buck Grove, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 7, 1904
Location
Buck Grove, Iowa (41.919, -95.397)

Metadata

Model
gpt-5-mini
Short Digest
9ff5bc5f

Response Measures

None

Description

Multiple newspapers (Apr 6-9, 1904) report the Bank of Buck Grove failed/suspended and is in the hands of a receiver (N. Wilder appointed). Cause attributed to speculation in Western cattle by owner H. S. Greene. No article describes a depositor run prior to suspension.

Events (2)
1. April 7, 1904 Receivership
Newspaper Excerpt
N. Wilder, of Dow City, has been appointed receiver of the two banks.
Source
newspapers
2. April 7, 1904 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Speculation in western cattle by owner H. S. Greene caused losses leading to failure/suspension.
Newspaper Excerpt
The Exchange bank of Dow City and the Bank of Buck Grove ... have failed ... and are in the hands of a receiver.
Source
newspapers

Newspaper Articles (11)
1. April 7, 1904 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, April 7, 1904

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Article Text

TWO BANKS CLOSE, Failure Due to Speculation in Western Cattle. Marshalltown, Iowa, April -The Exchange bank of Dow City and the Bank of Buck Grove, Crawford county, have failed with reported total liabilities half a million dollars, and assets of only a hundred and fifty thousand dollars and are in the hands of a receiver. Both are owned by H. S. Greene of Dow City. Mr. Greene says the assets are between $75,000 and $100,000 greater than the direct liabilities and depositors will be paid in full. He says the direct liabilities aggregate only $200,000 dollars. Speculation in western cattle is the cause of the failure.

2. April 7, 1904 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, April 7, 1904

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Article Text

TWO IOWA BANKS FORCED TO CLOSE Both Belong to H. S. Green, of Dow City, Who Says All Debts Will be Paid. Marshalltown, Ia., April 7.-The Exchange bank. of Dow City, and the Bank of Buck Grove, Crawford, county, have failed with reported total liabilities of half a million dollars and assets of only$150,000. Both are owned by H. S. Greene, of Dow City. Greene says the assets are between $75,000 and $100,000 greater than the direct liabilities. and depositors will be paid in full. He says the direct liabilities aggregate only $200,000. Speculation in western cattle is the cause of the failure. N. Wilder, of Dow City, has been appointed receiver of the two banks.

3. April 7, 1904 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, April 7, 1904

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Article Text

Northwest News IOWA BANKS FAIL FOR HALF MILLION H. S. Greene Owns Them and Speculation in Cattle Causes the Smash. MARSHALLTOWN, Iowa, April 6.-The Exchange Bank of Dow City and the Bank of Buck Grove have failed, with reported total liabilities of $500,000 and assets of only $150,000. Both banks are owned by H. S. Greene, of Dow City. Mr. Greene says the assets exceed the direct liabilities by between $75,000 and $100,000, and that the depositors will be paid in full. Speculation in Western cattle is given as the cause of the failure. N. Wilder, of Dow City, has been appointed receiver of the two banks.

4. April 7, 1904 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, April 7, 1904

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Article Text

IOWA BANKS GO UNDER, Total Liabilities Are Half a Million Dollars. Marshalltown, Ia., April 6.-The Exchange bank of Dow City and the Bank of Buck Grove, Cramford county, have failed with reported total Habilities of half a million dollars and assets of only $150,000, and are in the hands of a receiver. Both are owned by O. A. Green of Dow City, Mr. Green says the assets are between $75,000 and $100,000 greater than the direct liabilities, and depositors will be paid in full. He says the direct liabilities aggregate only $200,000. Speculation in western cattle is the cause of the failure. 1

5. April 8, 1904 The Billings Gazette Billings, MT
Article from The Billings Gazette, April 8, 1904

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Article Text

IOWA BANKS SUSPEND LIABILITIES SAID TO EXCEED ASSETS BY SEVERAL THOUSAND DOLLARS. Marshalltown, Ia., April 7.-The Exchange Bank of Dow City, and the Bank of Buck Grove have failed with reported total liabilities of $500,000 and assets of only $150,000. Both banks are owned by H. S. Greene of Dow City. Mr. Greene claims the assets exceed the direct liabilities by between $75,000 and $100,000 and that the depositors will be paid in full. Speculation in Western cattle is given as the cause of the failure. N. Wilder of Dow City has been appointed receiver of the two banks.

6. April 9, 1904 Ottumwa Tri-Weekly Courier Ottumwa, IA
Article from Ottumwa Tri-Weekly Courier, April 9, 1904

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Article Text

TWO IOWA BANKS FAIL. Owned by One Man Who Says Depositors Will Be Paid. Marshalltown, April 7. - The Exchange bank of Dow City and the Bank of Buck Grove, Crawford county, have failed, with reported total liabilities of $500,000 and assets of only $150,000. Both are owned by H. S. Greene of Dow City. Mr. Green says the assets are between $75,000 and $100,000 greater than the direct liabilities and depositors will be paid in full. He says the direct liabilities aggregate only $200,000. Speculation in western cattle is the cause of the failure. N. Wilder of Dow City has been appointed receiver of the two banks.

7. April 9, 1904 Bismarck Daily Tribune Bismarck, ND
Article from Bismarck Daily Tribune, April 9, 1904

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Article Text

TWO IOWA BANKS FAIL. I Speculation in Western Cattle Given as Cause. Marshalltown, Ia., April 8.-The Exchange bank of Dow City and the Bank of Buck Grove have failed, with reported total liabilities of $500,000 and assets of only $150,000. Both banks are owned by H. S. Greene of Dow City. The assets exceed the direct liabilities by between $75,000 and $100,000 and the depositors will A be paid in full. Speculation in Western cattle is given as the cause of the failure. N. Wilder of Dow City has been appointed receiver of the two banks.

8. April 13, 1904 The Fulton County News McConnellsburg, PA
Article from The Fulton County News, April 13, 1904

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Article Text

NEWS IN SHORT ORDER. The Latest Happenings Condensed for Rapid Reading. Domestic. Vice Chancellor Bargen signed an order in New Jersey to show cause why an injunction should not issue to restrain the Northern Securities Company from holding a stockholders' meeting. Work at the Bay State Mills of the American Woolen Company, in Lowell, Mass., was suspended, the company ordering a shutdown for an indefinite period. This effects 700 hands. Miss Jennie Gray, daughter of Col. James R. Gray, editor of the Atlanta Journal, was married in Atlanta, Ga., to Capt. Earle D'Arcy Pearce, of the United States Army. A quarrel over a girl, their companion at school, culminated in the killing of a 16-year-old boy by another in Chicago. For half an hour traffic on Lower Broadway was blocked by a small fire in the new subway in New York. John Cleves Short Harrison, grandson of President William Henry Harrison, died at Los Angelese, Cal. Edward and Jacob Hammond, brothers, and Oscar Sigertsen were asphyxiated by gas in Philadelphia. Five persons are dead and another is dying as the result of a fire in Mount Vernon, N. Y. The Exchange Bank of Dow City and the Bank of Buck Grove, Ia., have failed. The police raided the offices of the Pacific Underwriting and Trust Company and the Imperial Trust Company, in Chicago, and arrested those in charge on the charge of swindling. Sixty-three Indians were wrecked in a train east-bound near Maywood, III. Three were instantly killed, 3 were fatally injured and 20 others were more or less seriously hurt. The National Cotton Spinners Association at Boston adopted resolutions favoring an eight-hour day, antiinjunction laws and a better system of factory inspection. In an amended bill in the United States Circuit Court at St. Louis an insurance company which is resisting the payment of policies for $200,000 on the life of James L. Blair, who was vice general counsel of the World's Fair, charges that Blair obtained the policies by fraud. Advices from Nome, Alaska, say that the spring cleanup of gold on the Nome Peninsula will be greatly in excess of any previous season. Conservative estimates place the cleanup at $1,250,000. Smuel W. McCall and Charles F. Choate, Jr., were appointed receivers for the Union Trust Company in Boston. The company's liabilities are placed at $1,600,000. Albert Robbins and Edward L. Robbins, president and cashier, respectively, of the defunct Farmers' Bank at Auburn, Ind., were arrested for embezzlement. The retention of 35 Greek strikebreakers at the plant of the American Car Company, in Chicago, caused a rumpus there and the Greeks were driven out. The nail department of the American Steel and Wire Company's plant at Rankin, near Pittsburg, was burned down, causing a loss of $175,000. As the result of playing with powder, three boys were fatally injured in Salt Lake, Utah, and one crippled for life.

9. April 14, 1904 River Falls Journal River Falls, WI
Article from River Falls Journal, April 14, 1904

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Article Text

WEST AND SOUTH. United States Senator J. R. Burton, of Kansas, was sentenced in St. Louis to six months' imprisonment in the Iron county jail, Missouri, and fined $2,500 for having been convicted of using his influence before the post office departmen't in behalf of the Rialto Grain and Security company, of St. Louis, and having received payment from the company for his services. Prohibitionists of Indiana nominated Felix T. McWhirter for governor and elected delegates and alternates to the national convention. The convention took no action regarding a nominee for president. Two banks, the Exchange, of Dow City, Ia., and the Bank of Buck Grove, Crawford county, Ia., have failed with reported liabilities of $500,000 and assets of only $150,000. Both are owned by H. S. Greene, of Dow City. Speculation in western cattle is the cause of the failure. In Columbus, O., Brice W. Custer, former sheriff of Franklin county, O., and a half-brother of the famous Indian fighter, Gen. George A. Custer, died suddenly, aged 73. Sixth Ohio district democrats nominated Judge J. A. Runyan, of Lebancn, for congress. Wisconsin democratic state convention to select delegates at large to the national convention will be held in Milwaukee, May 17. Oshkosh has been determined upon as the place for the convention for choosing the state ticket. The date has not been fixed. State convention of Kansas democrats elected 20 uninstructed delegates to the national convention. The delegation, according to personal preferences, will stand six for Hearst and 14 against him, it is said. Near Chicago three Indians were killed and 23 injured in a rear-end collision on the Northwestern railroad. The wreck was due to a dense fog. The Indians belonged to a wild west show en route for England. In Danville, Ky., Col. Thomas Marshall Green, one of the most widely known historians in the south, died after a short illness of acute diabetes. Operations have been resumed at the Diesel branch of the American Can company, in Chicago, the strikers going back to their old posts in the factory, which had been idle for over two months. In San Francisco Mrs. Cordelia Botkin was convicted for the second time of the murder of Mrs. John P. Dunning at Dover, Del., by poisoned candy. Her punishment will be I'fs imprisonment.

10. April 15, 1904 Highland Recorder Monterey, VA
Article from Highland Recorder, April 15, 1904

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Article Text

NEWS IN SHORT ORDER. The Latest Happenings Condensed for Rapid Reading. Domestic. Vice Chancellor Bargen signed an order in New Jersey to show cause why an injunction should not issue tc restrain the Northern Securities Company from holding a stockholders' meeting. Work at the Bay State Mills of the American Woolen Company, in Lowell, Mass., was suspended, the company ordering a shutdown for an indefinite period. This effects 700 hands. Miss Jennie Gray, daughter of Col James R. Gray, editor of the Atlanta Journal, was married in Atlanta, Ga., to Capt. Earle D'Arcy Pearce, of the United States Army. A quarrel over a girl, their companion at school, culminated in the killing of a 16-year-old boy by another in Chicago. For half an hour traffic on Lowet Broadway was blocked by a small fire in the new subway in New York John Cleves Short Harrison, grand. son of President William Henry Harrison, died at Los Angelese, Cal. Edward and Jacob Hammond, brothers, and Oscar Sigertsen were asphyxiated by gas in Philadelphia. Five persons are dead and another is dying as the result of a fire in Mount Vernon, N. Y. The Exchange Bank of Dow City and the Bank of Buck Grove, Ia. have failed. The police raided the offices of the Pacific Underwriting and Trust Company and the Imperial Trust Company, in Chicago, and arrested those in charge on the charge of swindling Sixty-three Indians were wrecked in a train east-bound near Maywood I11. Three were instantly killed, 3 were fatally injured and 20 others were more or less seriously hurt. I The National Cotton Spinners As. sociation at Boston adopted resolu$ tions favoring an eight-hour day, antiinjunction laws and a better system of s factory inspection. In an amended bill in the United $ States Circuit Court at St. Louis an . insurance company which is resisting the payment of policies for $200,00C , on the life of James L. Blair, who was vice general counsel of the World's e Fair, charges that Blair obtained the policies by fraud. n Advices from Nome, Alaska, say ) that the spring cleanup of gold on the g Nome Peninsula will be greatly in exI cess of any previous season. Conservative estimates place the cleanup at $1,250,000. Smuel W. McCall and Charles F. Choate, Jr., were appointed receivers $ for the Union Trust Company in Bos. ton. The company's liabilities are n placed at $1,600,000. Albert Robbins and Edward L / Robbins, president and cashier, respectively, of the defunct Farmers' Bank at Auburn, Ind., were arrested for embezzlement. r The retention of 35 Greek strike. breakers at the plant of the American e Car Company, in Chicago, caused a e rumpus there and the Greeks were L driven out. The nail department of the American Steel and Wire Company's plant S at Rankin, near Pittsburg, was burned down, causing a loss of $175,000. As the result of playing with powt der, three boys were fatally injured in 1 Salt Lake, Utah, and one crippled for , life. Coal has advanced $1.20 a ton in n Iowa on account of the scarcity caused by the strike.

11. April 15, 1904 Twice-A-Week Plain Dealer Cresco, IA
Article from Twice-A-Week Plain Dealer, April 15, 1904

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Article Text

Two Banks Fall. The Exchange Bank of Dow City, and the Bank of Buck Grove have failed with reported total liabilities of $500,000 and assets of only $150,DOO. Both banks are owned by H. S. Greene of Dow City. Mr. Greene claims the assets exceed the direct liabilities by between $75,000 and $100,000 and that the depositors will be paid in full. Speculations in Western cattle is given as the cause of the failure. N. Wilder of Dow City has been appointed receiver of the two banks.