Danbury State Bank - Danbury, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 29, 1902
Location: Danbury, Iowa (42.234, -95.722)

Metadata

Model: gpt-5-mini
Short Digest: 505b3263

Response Measures

None

Description

Article (Evening Times-Republican, 1902-10-29) reports an involuntary bankruptcy petition filed by creditors against the Danbury State Bank, suits and writs issued, request that a receiver be named, and appointment of Mr. McVay as receiver. No run or depositor panic is mentioned; the bank moved into receivership/closure.

Events (2)

1. October 29, 1902 Receivership

Newspaper Excerpt: Referee C. L. Joy appointed Mr. McVay as receiver.
Source: newspapers

2. October 29, 1902 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Creditors filed suits and writs (replevin and attachment) alleging debts of roughly $10,000–$12,000 leading to involuntary bankruptcy petition and suspension.
Newspaper Excerpt: The petition for involuntary bankruptcy was filed by J. S. Horton of Smithland, I. B. Santee of Danbury... The petition states that suits involving an aggregate of $10,000 or $12,000 have been filed against the bank and its proprietors, and that a number of writs of replevin and attachment have been issued. In the meantime it was asked that a receiver be named, to have in his charge the property.
Source: newspapers

Newspaper Articles (1)

1. October 29, 1902 Evening Times-Republican Marshalltown, IA

Article from Evening Times-Republican, October 29, 1902

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Article Text

Evening Times-Republican, Marshalltown, Invary, Wednesday, October 29. 1902 at which a trustees will be appointed, day there was an active demand, to take permanent charge of the propices averaging 5 cents higher. crty and of the collection and distriSheep-Receipts were 35,000. Despite bution of the assets. GROWING lese enormous supplies prices adAMES SHOULD F The petition for involuntary bankned on active demand. ruptcy was filed by J. S. Horton of Smithland, I. B. Santee of Danbury, Chicago Livestock. Colombia is cashier of the Danbury State Bank, Chicago, Oct. 29. State University Would Not Be and Anderson, Lipton & Co., all of Cattle-Estimated receipts 21,000, whom are creditors of the bank. SanAssent to od active, others slow; good to prime. Surprised at Defeat by tee represented this county in the 0@8.50; poor to medium, 3.75 @6.75; Contro state legislature until the election of ockers, 2.25@4.85; cows, 1.40@4.50; State College Mr. Willett to this office. exans, 2.00@4.40. The petition states that suits involvHogs-Estimated receipts 26,000, 5 ing an aggregate of $10,000 or $12,000 10 higher; mixed butchers, 6.35@ POLICING THE THE AMES MEN CONFIDENT have been filed against the bank and 5; good to choice heavy, 6.60@6.80; its proprietors, and that a number of ught heavy, 6.15@6.50; light, 6.20@ writs of replevin and attachment have $0: bulk of sales, 6.40@6.60. Believed That Co been issued. The petition can not be Iowa Team Playing a Defensive Game Sheep-Estimated receipts 35,000: acted upon before Nov. 14, as twenty eady, 3.50@4.15; lambs steady, 3.50@ Apprehension a Which Almost Any Good Team Ought days must be allowed for return of 0. notice and for the defendants to show sertion of Pow to Solve Quickly - Coach Knipe cause why they should not be declared THE DAY BEFORE. Railway 1 Dela Working the Team Hard, But They bankrupts. . In the meantime it was (For Comparison.) asked that a receiver be named, to have Agreement May Do Not Improve Rapidly. Chicago Live Stock. in his charge the property. Referee Chicago, Oct. 28. C. L. Joy appointed Mr. McVay as reCattle-Estimated receipts for today, ceiver. A