3346. Capital City Bank (Des Moines, IA)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
September 11, 1877
Location
Des Moines, Iowa (41.601, -93.609)

Metadata

Model
gpt-5-mini
Short Digest
cbe3844a

Response Measures

None

Description

Articles (Sept 1877) report the Capital/Capitol City Bank of Des Moines suspended/failed with liabilities $60,500 and assets $75,800. A January 1878 item states the suspended Capital City Bank will pay creditors and resume business. OCR shows 'Capitol' in one article; likely 'Capital'. No explicit depositor run is described, so classified as a suspension with later reopening.

Events (2)

1. September 11, 1877 Suspension
Cause Details
Article reports suspension/failure but gives no specific cause (assets exceed liabilities; owners expected to arrange to settle with depositors).
Newspaper Excerpt
The Capitol City Bank, Des Moines, suspended yesterday, Liabilities $60,500; assets $75,800.
Source
newspapers
2. January 5, 1878 Reopening
Newspaper Excerpt
The suspended Capital City Bank will have paid its creditors by the 20th instant, and resume. ... There is no loss to creditors.
Source
newspapers

Newspaper Articles (3)

Article from The Canton Advocate, September 12, 1877

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Article Text

n. ODDS AND ENDS. r, h, -Wisconsin State Fair at Janesville, es opened on Monday, the 10 inst. a -There are 97 Land offices in the Unit. y ed States. -The Capital City Bank, Des Moines, it has failed. Liabilities, $60,500; assets, $75,800. t -Nanking, China, is fearful of starvay tion, on account of the drought. Prayers printed on yellow paper, cover every wall. r -The Teachers Institute at Yankton closed on Friday, the 7th, after an interest. ing session of four days. -Don't turnup your nose at the fact that Dakota raises turnips twenty-five inches in circumference. -The steamer Oder landed at New York the other day with £130,000 in gold coin, and another steamer with $650,000. -Rev. John K. Smith. of Boston, has been convicted of forgery, and sentenced to states prison for five years. -Crazy Horse, the "big Indian," has died from the effects of the cut he received from the hands of his captors. -President Hayes has gone to attend the reunion of Federal and Contederate soldiers at Marietta; from there he will proceed on his southern tour. -On the 3d inst, a heavy snow storm prevailed at Mt. Washington; the first of the season, usually the 1st of August witnesses a storm. -The State fair of Kentucky, opened yesterday with an exhibition by Gold. smith Maid, where she trotted against time. -In respect of the late ex-President Thiers, the national flags floated at half mast all over the government buildings at Washington, on Saturday. -There was manufactured during the year ending July 1st, 1877, 59,912,268 gallons of spirits in the United States, an increase of 2,000,000 gallons over last year. -Saylor, of Ohio, Morrison, of Illinois, Randall, of Pennsylvania, and Sam Cox are candidates for Speaker of the next House of Representatives. ..Mrs. Muloch, the authoress, has been bitten by a dog; fortunately no evil results are anticipated, although the wound is a severe one. -Fairs, State and County, are being held throughout the country, and an unusual amount of interest is manifested in those in progress. -Suleiman Pasha has withdrawn his forces from the neighborhood of the Schipka Pass, and abandoned the attempt on the Russian position there. -As James Magee, a Texas rough, was being carried into the woods to be hung, he killed two of the men and then escap. ed. -A convention of the American bank. er's association is to be held in New York next week, to last three days. Prominent bankers from all parts of the county will he in attendance. -Maine rejoices over one more Republican victory. Connor, Republican, for Governor, elected with a majority of from 8,000 to 10,000. Twenty-nine of the thirtyone Senators, and three-fourths of the Rep. resentatives will legislate loyally. -A newspaper correspondent took a funny ride of 20 miles in a flume in Butte county, Cal. The flume is 160 miles in lenth and cost $160,000 and is built for running lumber down the mountain. -Five steamships left New York on Saturday, for Europe, with 200,000 bush els of grain, 120,000 cases of canned goods, 36,000 boxes of cheese, 13,500 packages of butter, 150 tons of fresh beef and 311head of horses. -At an investigation of the management of the San Francisco custom house that of had entered sugar it was discovered without 1,000,000 paying pounds duty. The matter was rectified by the importer paying $18,000 duty. -The Board of Education, of New York has over three City, hundred schools under its charge. with upwards of three thousand teachers employed. In the year 1875, three and one half millions of doland


Article from Ottumwa Weekly Courier, September 12, 1877

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Article Text

The Capitol City Bank, Des Moines, suspended yesterday, Liabilities $60,500; assets $75,800. The bank is owned by Capt. Christy, ex-State Treasurer and Isaac Brandt. The Register says they are worth $2 for every $1 they owe and that they will no doubt make an arrangement to settle with depositers and resume business.


Article from The Wheeling Daily Intelligencer, January 7, 1878

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Article Text

J. B. Phillips & Co., of Brownsville, Tenn., who failed a few days ago, have arranged with their creditors at forty cents. a The three failures owed the merchants e here perhaps $25,000. PAYING CLAIMS. DEB MOINES, Iowa., January 5.-The r suspended Capital City Bank will have t paid ite creditors by the 20th instant, and 0 resume. Thomas' private bank 18 still open and paying as fast as collections 6 are made. There is no loss to creditors. "SHORT." Ex-Poetmaster Morris, of Albia, is B "short" about $700, and bondsmen will g have it to pay. ASSIGNMENT. 0 RICHMOND, IND., January 5.-William 1 W. Foulke, an iron inerchant of thiscity, 0 has made an assignment to W. I. Dulin 0 and J. W. Newman for the benefit of his 1 creditors. . GENEROUS PROPOSITION OF BUNN'S CRED. ITORS. I 1 SPRINGFIELD, ILL., January 5.-The city creditors of Jake Bunn met to-day, representing about one hundred thousand ) dollars, passed a vote of unshaken confi) dence in him, and sent a committee to ask 1 him if he would manage the assets for the 3 creditors. He was touched by this genf erous tribute to his honesty, but refused to accept the trust, expressing confidence in the assignee, Brown, who to-day filed e a bond of $1,600,000, or twice the amount 1 of the liabilities. BANK FAILURE. ) t The banking firm of Peddicord & BurI rows, of Decatur, closed this morning. ) They are said to have been owing Bunn f $5,000. Their assets and liabilities are f not yet known. The firm was well estab. lished and held in high repute. Senator , Oglesby is one of the creditors. ASSIGNMENT. 1 LIBERTY, IND., January 5.-Crawford I White, a farmer and capitalist, made an assignment to-day. Liabilities $32,000. t Assets estimated at $19,000. Cause of : failure, indorsing.