Article Text
Bank Ordered Closed. Washington, Nov. 5.-The comptroller of currency has ordered the First Nation al bank at Flushing, Ohio, closed. Bank Examiner Delay has been appointed temporary receiver. Dry rot is said to have caused the failure.
First National Bank (Flushing, OH)
Episode Information
- Episode UID
317701187- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
31770national - Charter Number
- 3177
- Start Date
- November 5, 1898
- Location
- Flushing, Ohio (40.150, -81.066)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
e417da25deaabf3b
Response Measures
None
Receivership Details
- Depositor recovery rate
- 100.0%
- Date receivership started
- 1898-11-05
- Date receivership terminated
- 1901-06-15
- OCC cause of failure
- Losses
- Share of assets assessed as good
- 40.7%
- Share of assets assessed as doubtful
- 21.5%
- Share of assets assessed as worthless
- 37.8%
Description
Contemporary reports state the comptroller closed the bank and a receiver was appointed; 'dry rot' cited as cause.
Events (5)
1.
May 5, 1884
Chartered
- Source
- historical_nic
2.
November 5, 1898
Other
- Newspaper Excerpt
- The First National bank posted notices today that it would receive no more deposits, as it had decided to go into liquidation.
- Source
- newspapers
3.
November 5, 1898
Receivership
- Source
- historical_nic
4.
November 5, 1898
Receivership
- Newspaper Excerpt
- Bank Examiner J. W. De Lay has been appointed temporary receiver.
- Source
- newspapers
5.
November 5, 1898
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Described in contemporary reports as 'dry rot' and poor investments precipitating failure.
- Newspaper Excerpt
- The comptroller of the currency has ordered the First National bank at Flushing, Ohio, closed.
- Source
- newspapers
Newspaper Articles (17)
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Banks Have Dry Rot as Well as Sheep. Flushing, O., Nov. -The comptroller of the currency has ordered the First National bank of Flushing, Ohio, closed, and bank examiner Daley has been appointed temporary receiver. Dry rot is assingned as the caused of failure. The First National bank posted notices today that it would receive no more deposits, as it had decided to go into liquidation. The bank has been weak for some time.
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DRY ROT Given as the Cause for a Bank Failure at Flushing, Ohio. Washington, November 5.-The comptroller of the currency has ordered the First National Bank of FlushIng, Ohio. to close its doors. Bank Examiner J. W. De Lay has been appointed temporary receiver. Dry rot is said to have caused the failure. Flushing, Ohio, November 5.-The First National Bank of this place posted notices to-day that it would receive DO more deposits, as it had been decided to quit business and go into liquidation. It is understood that the bank has been weak for some time.
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Closed Its Doors WASHINGTON, Nov. 5.-The Comptroller of the Currency has ordered the First National Bank of Flushing Ohio, to close its doors. Bank Examiner J. W. Delay has been appointed temporary receiver.
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CHARGED TO DRY ROT. Flushing, O., National Bank Ordered to Close Its Doors Washington, Nov. -The comptroller of the currency has ordered the First National bank of Flushing, O., to close its doors. Bank Examiner J. W. Delay has been appointed temporary receiver. Dry rot is said to have caused the failure.
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Bank Doors Closed. WASHINGTON, Nov. 5.-The comptroller of the currency has ordered the First National bank of Flushing, Ohio, to close its doors. Bank Examiner J. W. Delay has been appointed temporary receiver. Dry rot is said to have caused the failure. Almost every day brings the news of the closing of a bank in some part of the United States. These are but the tremblings of Vesuvius before the eruption comes. However much apparent prosperity may be created by the disbursements of the late war, the demonetization of silver must work like the attraction of gravitation all over the world, drawing everything downward. You can no more get away from a great law of commerce than you can escape a great law of nature; there is an inevitableness about both. Here is another news item, one of thousands, showing the universal pull downwards: PHILADELPHIA, Oct. 27.-Nathaniel Childs, press agent of the Way Down East company, which is playing in a local theater, died a suicide today in the Jefferson hospital. He had swallowed morphine, after which he shot himself in the head. The act was committed Tuesday last. but through the efforts of friends the affair was kept secret and Childs was taken to the hospital, where he lingered until to av. Le. spondency is given as the reason for the act. Childs was one of the best known men in the theatrical world. His home was in Poston. He graduated from Harvard in 1839, and the following year he entered the newspaper business. For several years he was editor of the Boston Traveler. He entered the theatrical profession in 1876, and wrote a number of plays. At one time he was advance agent for Henry Irving, and for ten years acted in the same capacity for Abbel, Schoeffel & Grau. The failure of the play, "Little Miss No. body," in December last, in which he was interested. made him despondent and he began to drink. He was about 50 years of age and leaves a widow. I. D.
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Bank's Doors Closed. WASHINGTON, Nov. 7.-The controller of the currency has ordered the First national bank of Flushing. O., to close its doors. Bank Examiner J. W. DeLay has Leen appointed temporary receiver. Dry rot is said to have caused the failure.
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his wife, who left him last summer, Marion of her Scottsburg, Tyler, Indianpolis, then shot shot at Ind., and himself. The supreme court of North Carolina has taken a hand in the uprising of the whites against negro voters. Florence George and Miss Kate McAtee, both of were killed the cars at Mrs. by Washington, Langdon, Md. of the Starch at Glen. were company The works Cove, National L. I., burned, the loss being $200,000. The exchanges at the leading clearing houses in the United States during the week ended on the 4th aggregated $1,462,743,683, against $1,235,528,596 week. with compared the previous the corresponding The increase week in 1897 was 20.2. There were 194 business failures in the United States in the seven days ended on the 4th, and 276 in previous against the corresponding 226 the week period of 1897. The transport Chester arrived in New York, having on board 57 trophy guns from Santiago. The Joint Traflic association. the most powerful railroad trust ever formed, was dissolved in New York. The mayor of Spokane, Wash., issued a proclamation enrolling all persons over 21 years of age special constables to assist in arresting robbers who have been active lately. Fire at Little River, Kan., destroyed 18 houses and a hotel. Fire in the business section of Haverhill. Mass., caused aloss of $200,000. For the first, time in the history of the New York cotton exchange cotton sold under five cents a pound. Charles McCloskey and John Frawley were killed and 12 other men were injured, two fatally, by the explosion of a boiler in the Oil City (Pa.) boiler works. Vermont legislature passed a joint resolution The approving President retention McKinley's demands for the of the Philippines. The St. Louis city council passed a curfew ordinance chilyears providing of that shall dren under 15 age not be permitted on the streets of the city after eight o'clock at night. Osa Woodward and John Martin were instantly killed by falling bowlders in a mine at Joplin, Mo. The steamer Croatan, en route from New York to Wilmington, N. C., was burned at sea off Cape Charles and five person's lost their lives. The trade situation throughout the country was reported good. John Bailey, a prominent farmer renear Muncie, was to death Mrs. Levina a siding by Black, Ind., her. neighbor, shot who claimed he had insulted Mrs. Russell Sage, of New York, will contribute $300,000 for the building of a sanitarium in Ala. of gas sumilitary An explosion wrecked Citronelle, the courtroom and rooms it on the preme diately adjoining the main and imme- floor fire of the capitol in Washington a immediately followed, practically destroying the library and records of the court from 1792 to 1832. The loss is over $1,000,000. The First national bank at Flushing O., suspended business. John Bahls and his wife, an old were murdered at couple, Messermann, Mishicot, tramp, Wis., and Ernest a was under arrest for the crime. Arthur Williams (colored) was lynched at Welbourne, Fla., for the murder of Miss Eliva Ogden. Staley, of Grand Island, and Charles of Jay Burke, Buffalo, their lost their boat lives in the Niagara river by swamping. William Hoever was killed. and several persons were seriously injured in a railway wreck near Union Pacific Junction, Ia. James McDowen, of Marblehead, O., shot and killed his wife and then committed suicide after a quarrel. Seven men were killed and three faat the Exeter of company at the tally Lehigh injured Valley Coal colliery West Pittston. Pa. The roof of the new Wonderland theater in Detroit, Mich., fell in, killing 11 and many and white miners Negro workmen injuring resumed others. hostilities at Pana, Ill., and several were shot. The third national congress of mothers will be held in Washington on February 14 next. PERSONAL AND POLITICAL Joseph Hebert. who was a drummer Napoleon in the battle of
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National Bank Closed. Washington, Nov. 7.-The comptroller of the currency ordered the First national bank of Flushing, O., to close its doors. Bank Examiner J. E. De Lay has been appointed temporary receiver. Dry rot is said to have caused the failare.
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Ind., and Mrs. Good was fatally injured. White coal train was wrecked near SamHaven. A Pa., and Edward Teel and nel St her were killed. and John Mendows, a school-teacher, shot killed John and Clayton Mathews, brothers, in Pineville, Ky. Thomas B. Rayl, president of the in B. Rayl Hardware company. failed Detroit for $1,500,000. Arrangements are being made by the department for the establishment of navy a naval station at Honolulu. Charles Nelson (colored) who killed James Zimmerman at Bowling at Grocer Green on June 8, was electrocuted the penitentiary annex in Columbus, the O. Ellis H. Roberts, treasurer of United States, in his annual report the the net ordinary revenues of insays government were $405,321,335 an crease of $57,597,630 over the previous while the net ordinary expendi- of year, tures were $443,368,582. an increase of $77,594,423. The resulting deficiency $38,047,247 exceeds that of the preceding year by $19,994,793. steamship Panama, which was to have been Cuba, entered Havana Maysi. reported The wrecked harbor. off Cape Failing to effect a reconciliation with wife, who left him last summer, his Marion Tyler, of Indianpolis, shot her at Scottsburg, Ind., and then shot himself. The supreme court of North Carolina has taken a hand in the uprising of the whites against negro voters. Mrs. Florence George and Miss Kate both of Washington, were the cars at McAtee. killed by Langdon, Md. The works of the National Starch company at Glen Cove, L. 1., were burned. the loss being $200,000. The exchanges at the leading clearhouses in the United States during ing the week ended on the 4th aggregated $1,462,743,683. against $1,235,528.596 the previous week. The increase compared with the corresponding week in 1897 was 20.2. There were 194 business failures in United States in the seven days the ended on the 4th, against 226 the week previous and 276 in the corresponding period of 1897. The transport Chester arrived in New York. having on board 57 trophy guns from Santiago. The Joint Traffic association. the railroad trust ever was dissolved in most formed, powerful Wash., New York. issued The mayor of Spokane, proclamation enrolling all persons a over 21 years of age special constables to assist in arresting robbers who have been active lately. Fire at Little River, Kan., destroyed 18 houses and a hotel. Fire in the business section of Haverhill. Mass., caused a loss of $200,000. For the first time in the history of the New York cotton exchange cotton sold under five cents a pound. Charles McCloskey and John Frawley were killed and 12 other men were jured, two fatally, by the explosion of a boiler in the Oil City (Pa.) boiler works. The Vermont legislature passed a joint resolution approving President McKinley's demands for the retention of the Philippines. The St. Louis city council passed a curfew ordinance providing that children under 15 years of age shall not be permitted on the streets of the city after eight o'clock at night. Osa Woodward and John Martin were instantly killed by falling bowlders in a mine at Joplin, Mo. The steamer Croatan, en route from New York to Wilmington, N. C., was burned at sea off Cape Charles and five persons lost their lives. The trade situation throughout the country was reported good. John Bailey, a prominent farmer residing near Muncie, Ind., was shot to death by Mrs. Levina Black, a Leighbor, who claimed he had insulted her. Mrs. Russell Sage, of New York, will contribute $300,000 for the building of a sanitarium in Citronelle, Ala. of gas military An explosion wrecked the imme- sucourtroom and the rooms it on the main of the in a diately preme capitol adjoining Washington practically and floor fire deimmediately followed, the library and 1792 to 1832. The over court stroying from records loss is of the $1,000,000. The First national bank at Flushing, O., suspended business. John Bahls and his wife, an old couple. were murdered at Mishieot, Wis.. and Ernest Messermann, a tramp, was under arrest for the crime. Arthur Williams (colored) was lynched at Welbourne, Fla., for the murder Jay Staley, of Miss of Eliva Grand Ogden. Island, and Charles Burke, of Buffalo, lost their lives in the Niagara river by their boat swamping. William Hoever was killed and several persons were seriously injured in a railway wreck near Union Pacific Junction. Ia. James McDowen, of Marblehead, O., shot killed his wife and then comsuicide after a mitted and quarrel. three Seven men were killed and fatally injured at the Exeter colliery of
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Otherwise. The University Press at Oxford has appliances for printing 150 different languages. Senator Redfield Proctor, in an address to the legislature at Montpelier, Vt., said that we should retain all of the Philippines if any. The St. Louis, Peoria & Northern Railway company has been reorganized as the St. Louis & Northern Short Line. Both branches of the Vermont legislature passed a joint resolution approving President McKinley's demands for the retention of the Philippines. The order for the discharge of Surgeon Huidekoper has been amended to take effect Nov. 15. so that he may testify before the investigating committee. Several persons who have arrived at Port Townsend, Wash., from Copper River, Alaska, say that there are rich deposits of copper there, and that the Indians keep its location a secret. The widow of the late Ceban genersl. Jose Maceo, was one of the applicants for rations at the American free distribution depots at Santiago. She had been on the verge of starvation for many weeks. New Zealand's house of representatives has passed the old age pension bill. Every person of the age of sixtyfive years and of good moral character. who has lived for twenty-five years in the colony, whose income does not exceed $120 a year is entitled to a pension of $90 per year The First National Bank of Flushing, Belmont county, Oho, has suspended business and is in the hands of the controller of the currency. J. W. Delay was appointed temporary receiver. The bank has been in bad shape for the past three years. Poor investments are said to have precipitated the failure. The bank is certain it will pay all claims in full. It was learned that Mrs. Russell Sage will contribute $300,000 for the building of a military sanitarium in Citronelle, a few miles from Mobile, Ala, on the Mobile & Ohio railroad. Gen. Joseph Wheeler, under instructions from the war department, has inspected the site, and it is understood, will report favorably upon it. Judge Hallett, in the United States Circuit court at Denver, Colo., ordered the sale on foreclosure proceedings of the Denver City Cable Railway company and the West End Street Railway company. The two companies have $4,500,000 of bonds outsanding. The business of the Globe National Bank of Chicago has been consolidated with that of the Continental National bank of that city.
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THE NEWS EPITOMIZED. Washington Items. In his annual report to the Seen cary of War Adjutant-General Corbin strongly advises an increase of the army and a greater proportion of officers. He also recommends the revival of the grade of Lieutenant-General. Secretary Alger has approved the loca. tion selected by the Hecker board for the principal garrison of Cuba. It is near the town of Mariano, which is eight miles south of Havana. The board recommends that the Guardia Civilia be retained for police work in Havana. It is estimated that thirty-seven out of ninety Senators will oppose a peace treaty giving all the Philippines to America. The newly accredited Siamese Minister to the United States will re-establish a legation here. Secretary Long ordered that the torpedoboats at the Brooklyn Navy Yard remain in commission. The Nicaraguan Canal Commission has nearly completed its work. and will soon submit a report declaring that the project is entirely feasible. The Controller of the Currency has ordered the First National Bank of Flushing, Ohio, to close its doors. Bank Examiner J. W. Delap has been appointed temporary receiver. Dry rot is said to have caused the failure.
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DOMESTIC. All the buildings on both sides of Main street in Pitkin, Col., 40 in number, were destroyed by fire. Emporia, Kan., was nearly wiped out by fires that started simultaneously in three places. The town of Green Ridge, Mo., was almost swept out of existence by fire. Roscoe L. Corbett, of Traverse City, Mich., judge of the Thirteenth judicial district, was killed by an accidental discharge of a gun held by his son while hunting at Trout lake. S. W. Stewart, a negro of Toluca, III, charged with assault upon Miss Mary O'Brien, was taken from the jail in Lacon by a mob and hanged. Two masked robbers entered the post office at Arago. Ore., and secured $1,800. The railroad shops of the Southern Pacific company were burned at Sacramento. Cal.. the loss being $300,000. The Chicago Dispatch company, publishers of the Democrat and Dispatch. made an assignment. The hospital of the Wisconsin veterans' home at Waupaca was burned. The third national congress of mothers will be held in Washington on February 14 next. The First national bank at Flushing, O., suspended business.
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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.
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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.
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BANK FAILURES. Jan. 17-State, Elmwood, Ill. $60,000. 21-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., $10,000. 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-Commercialstate, 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, Aia. bank, $65,000. 26 3-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. 10 -First national of Neligh, Neb., liabilities $108,000 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., sus pends. -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.
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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.