3334. State Bank of Dedham (Dedham, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 29, 1904
Location
Dedham, Iowa (41.906, -94.822)

Metadata

Model
gpt-5-mini
Short Digest
ad0ec1ec

Response Measures

None

Description

Multiple contemporary newspaper notices (Dec 29, 1904) report the State Bank of Dedham was placed in the hands of a receiver by order of State Auditor Carroll because of an alleged $15,000 shortage by cashier B. A. (B. J./J. A. OCR variants) Caton, who admitted the shortage. The bank was put into receivership for liquidation; no runs are reported. Date taken as 1904-12-29 (news dateline).

Events (2)

1. December 29, 1904 Receivership
Newspaper Excerpt
The State bank of Dedham, Iowa, is in the hands of a receiver ... efforts are being made to secure settlement. The bank is expected ultimately to pay its depositors in full.
Source
newspapers
2. December 29, 1904 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Placed in receivership after discovery/allegation of a $15,000 shortage by cashier B. A. (B. J./J. A. OCR variants) Caton; Caton admitted the shortage.
Newspaper Excerpt
The State Bank of Dedham, Iowa, was placed in the hands of a receiver on the order of State Auditor Carroll and an effort will be made to liquidate its affairs, which are badly involved through an alleged $15,000 shortage of Cashier B. A. Caton.
Source
newspapers

Newspaper Articles (10)

Article from The Minneapolis Journal, December 29, 1904

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Article Text

DES MOINES, IOWA.-The State bank of Dedham, Iowa. is in the hands of a receiver. and an effort will be made to liquidate its affairs. which are badly involved thru the shortage of Cashier B. A. Caton.


Article from Evening Star, December 29, 1904

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Article Text

News Briefs. Martha Jackson, colored, died at the Hospital St. Vincent de Paul in Norfolk, Va., Tuesday, as the result of a knife wound which the police allege was inflicted by Sarah Jackson. The two women had a dispute about a man, which ended in a fight. Dr. George R. Koch was placed on trial in the district court at New Ulm, Minn., Tuesday on the charge of having murdered Dr. Louis A. Gebhardt on the night of November 1. The defendant is prominent socially in New Ulm, as was also Mr. Gebhardt. Sister Farreria, of the Church of the Nativity, dropped dead as she was coming from evening prayer in the chapel of the church at Poughkeepsie, N. Y., Tuesday night. Apoplexy was the cause of death. Police Chief Sakaroff of Shusha, Russia, was killed on the main street yesterday. William Cantrell and Joe Chastine were killed and a brother of Chastine seriously injured near Burnt Mountain, Ga., by a falling tree. The tree was blown by a high wind across a small frame house in which the men were at the time. The State Bank of Dedham, Iowa, was placed in the hands of a receiver on the order of State Auditor Carroll yesterday and an effort will be made to liquidate its affairs, which are involved through an alleged $15,000 shortage of Cashier Caton. The Vienna Neue Freie Press today says that the resignation of Premier von Koerber, which, according to that paper, was tendered yesterday, has been accepted. Some warships showing the Japanese colors passed Anjer, sixty miles west of Batavia, Island of Java, today. The Rev. Richard Lovett, M. A., secretary of the religious tract society since 1899 and a well-known writer on religious subjects, died suddenly in London today of heart disease. He was born in 1851. Sousa's band. under the personal direction of John Philip Sousa, sailed for Liverpool from New York yesterday for the fourth European tour. The party consists of sixty musicians, with Maud Powell, violinist; Herbert L. Clarke, cornetist, and Estelle Liebling, soprano, as soloists. The band will return to America about the middle of May. Travis Johnson, a well-known citizen, was foully murdered in rooms at the Arlington Club at Pensacola, Fla., Tuesday, his head being nearly severed from the body by either a knife or a hatchet. John Griffith, marine engineer, was arrested almost immediately after the assassination and charged with the crime. Max Silverman, traveling salesman for a New York house, is in the Grady Hospital at Atlanta, Ga., in a serious condition, with the paper wadding from a blank pistol cartridge in his right lung, as a result of having accidentally been shot by Sol Groodzinsky. William B. Kelly, a veteran clerk in the general post office at New York, was found dead from inhaling illuminating gas early Tuesday morning in the room he had occupied for twenty-five years in a boarding house. It is believed that the gas was ac cidentally turned on. His nearest relative is a brother, a priest, living in Washington, D.C. The monster B. and O. locomotive, the largest in the world, which has been on exhibition at the St. Louis exposition, will be used on the Pittsburg division between Hyndman and Sandpatch. The engine weighs nearly twice as much as the monster twenty-two hundred class engines latein use on the B. and O. Before on its journey ly starting put absolutely from St. Louis the parts that were not necessary for her to carry on the trip were taken off. They filled an ordinary coal car.


Article from Evening Journal, December 29, 1904

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Article Text

Cashier Short, Bank Closed. Des Moines, Ia., Dec. 29.-The State Bank of Dedham, Ia., was placed in the hands of a receiver by order of State Examiner Carroll and an effort will be made to liquidate its affairs, which are involved through an alleged $15,000 shortage of Cashier B. J. Caton. Caton has admitted his shortage and efforts are being made to secure settlement. The bank is expected ultimately to pay its depositors in full.


Article from The Saint Paul Globe, December 29, 1904

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Article Text

Cashier Admits Shortage DES MOINES, Iowa, Dec. 28.-The State Bank of Dedham, Iowa, was today placed in the hands of a receiver on the order of State Auditor Carroll and an effort will be made to liquidate its affairs, which are badly involved through an alleged $15,000 shortage of Cashier B. A. Caton. Caton has admitted his shortage and efforts are being made to secure settlement.


Article from The Minneapolis Journal, December 29, 1904

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Article Text

DES MOINES, IOWA.-The State bank of Dedham, Iowa, is in the hands of a receiver. and an effort will be made to liquidate its affairs. which are badly involved thru the shortage of Cashier B. A. Caton.


Article from Ottumwa Tri-Weekly Courier, December 31, 1904

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Article Text

BANK IS WRECKED ALLEGED SHORTAGE OF CASHIER CATON CLOSES INSTITUTION AT DEDHAM. Des Moines, Dec. 29. - The State bank of Dedham, was yesterday placed in the hands of a receiver on the order of State Auditor Carroll and an effort will be made to liquidate its affairs, which are badly involved through an alleged $15,000 shortage of Cashier Caton. Caton, it is said, has admitted his shortage and efforts are being made to secure a settlement. The bank is expected ultimately to pay its depositors in full.


Article from Courier Democrat, January 5, 1905

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Article Text

BECAUSE OF ALLEGED SHORTAGE. State Bank of Dedham, la., in Hands of a Receiver. Des Moines, la., Dec. 29.-The State Bank of Dedham, Ia., was Wednesday placed in the hands of a receiver on the order of State Auditor Carroll and an effort will be made to liquidate its affairs, which are badly involved through an alleged $15,000 shortage of Cashier B. A. Caton. Caton has admitted his shortage and efforts are being made to secure settlement. The bank is expected ultimately to pay its depositors in full.


Article from Little Falls Herald, January 6, 1905

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Article Text

BECAUSE OF ALLEGED SHORTAGE. State Bank of Dedham, la., in Hands of a Receiver. Des Moines, Ia., Dec. 29.-The State Bank of Dedham, Ia., was Wednesday placed in the hands of a receiver on the order of State Auditor Carroll and an effort will be made to liquidate its affairs, which are badly involved through an alleged $15,000 shortage of Cashier B. A. Caton. Caton has admitted his shortage and efforts are being made to secure settlement. The bank is expected ultimately to pay its depositors in full.


Article from The McCook Tribune, January 6, 1905

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Article Text

News in Brief Herbert Simmons, a negro, was lynched at Neal, Ga., for the killing of A. a government has The J. Park, Japanese white man. arbitration agreed to negotiate an with the United Subway company pretreaty The Chicago States. to expend $15,000,000 in local in the near of Rear Si. improvements pares The retirement Admiral future. lar Terry resulted in the promotion of Captain Joseph E. Craig to be rear admiral. Announcement was made at the White house of the names for batteries on the Atlantic, Gulf and Pacific coasts. If the duty is acceptable to him Rear Lambert will probably be apof the pointed Admiral president lighthouse board. Santiago Simonet of Utuado, Porto Rico, a deputy collector of internal, is revenue for the district of Arecibo, missing East Boston has celebrated the official of the new tunnel the city proper ton opening harbor uniting under Bos and East Boston. and two horses were and frozen at a drowned Two men deep Fork pool creek at the old crossing of Piney near Dillonvale O. Advices received at Esquimalt from the British admiralty state that the proposed abandonment of Esquimalt by the navy will be reconsidered. The Neue Freie Presse says Premier von Koerber at an audience of Emperor Francis Joseph tendered his resignation on the ground of ill health. At Mobile James Robinson was sent to jail for thirty days for an assault. The offense for which he was convicted was kissing a young lady against her will. The Echo de Paris learns that Admiral Kaznakoff received a cipher dispatch from Grand Duke Alexis informing him that the emperor wishes to confer with him concerning the North sea affair. Attorney General Moody filed a petition in St. Paul, Minn., alleging illegal combination of twenty-five concerns, with the General Paper company as sales agent, and asks for an injunction. S. Frelinghuysen, who has as personal been Joseph selected aide Jersey, to Governor-elect Stokes of New is broker and a cousin of of State an the insurance late Secretary and Senator Frelinghuysen. Judge Walker decided the is not liable that In Chicago city for in damout of the loss conwith the loss of life nection ages growing in the Iroquois theatre fire. At a conference in London of British, continental and Atlantic steamship line managers a satisfactory agreement was reached with regard to Scandinavian traffic. The Connecticut Tobacco Growers' association has sent to each senator and representative from Connecticut in congress a circular letter protesting against the removal of the tariff from Philippine tobacco. Wilson has a the results circular Secretary giving promulgated of tests made in accordance with an act of the last congress, directing him to ob- of in the open market samples of grass, clover or tain seeds alfalfa. Representatives of the banking house of Mandelssohn & Co. at Berlin have gone to St. Petersburg to take part in negotiating the new Russian loan. It is now assured here that the will amount to more indictments in Seven loan $240,000,000. the land cases were returned by the in Portland, Ore. fraud grand jury under fictitious Two of the bills were returned names, which fact is the basis of reports that men of prominence are among the accused. officials have foreign office the Russian Chinese demanded the resti- of of the ammunition apparently for Port Arthur destined tution Fengtai, seized by the Chinese authorities at near here, four days ago. W. R. Jones, manager of the Chioffice of the Washburn-Crosby of Minneapolis, from injuries in cago company Chicago sustained Minn., died in a fall over a banister in his home. His skull and neck were broken by the fall. The State bank of Dedham, Ia., was placed in the hands of a receiver on order of State Auditor Carroll and will be made to which are badly affairs an the effort liquidate involved its through an alleged $15,000 shortage of Cashier J. A. Caton. It is announced that the war office placed orders with the Vickers Sons & Maxim company, Armstrong Whiteworth & Co., and other large ordinance manufacturers for a number of twelve-pounder field guns, to rearm the whole British army. of New handJustice Olmsted opinion, holding York that ed down an the law against the selling or giving away street


Article from Little Falls Herald, January 6, 1905

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Article Text

BECAUSE OF ALLEGED SHORTAGE. State Bank of Dedham, la., in Hands of a Receiver. Des Moines, Ia., Dec. 29.-The State Bank of Dedham, Ia., was Wednesday placed in the hands of a receiver on the order of State Auditor Carroll and an effort will be made to liquidate its affairs, which are badly involved through an alleged $15,000 shortage of Cashier B. A. Caton. Caton has admitted his shortage and efforts are being made to secure settlement. The bank is expected ultimately to pay its depositors in full.