3389. Commercial National Bank (Dubuque, IA)

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 1801
Charter Number: 1801
Start Date: March 21, 1888
Location: Dubuque, Iowa (42.501, -90.665)

Metadata

Model: gpt-5-mini
Short Digest: 849c4406

Response Measures

None

Description

The Commercial National Bank of Dubuque suspended payment March 21, 1888 due to a heavy sudden draft (protested paper from Church-Graves Manufacturing Co.) and management problems. Newspapers explicitly state there was no run. The Comptroller sent an examiner; a receiver was later appointed and the bank was wound up (receivership, dividends, assessments and suits), so the suspension led to permanent closure/receivership.

Events (4)

1. March 21, 1888 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Heavy and sudden draft on the bank occasioned by protested paper of the Church-Graves Manufacturing Co.; directors dissatisfied with management and requested president R. E. Graves to resign; forced to raise $75,000 within two hours before suspension.
Newspaper Excerpt: The Commercial National bank of this city closed its doors Tuesday night... the directors ... concluded to suspend.
Source: newspapers

2. March 22, 1888 Other

Newspaper Excerpt: Depositors Will be Paid in Full. ... the directors ... concluded to suspend. The Comptroller of the Currency has directed Bank Examiner Stone to proceed at once to Dubuque and take charge of the affairs of the Commercial National Bank.
Source: newspapers

3. April 12, 1888 Receivership

Newspaper Excerpt: Comptroller of currency has appointed E. P. Welles, of Clinton, Iowa, receiver of the Commercial National bank of Dubuque.
Source: newspapers

4. August 18, 1888 Other

Newspaper Excerpt: Receiver Wells ... estimates its assets at $250,000 and its liabilities at $450,000. ... A dividend of 30 per cent was declared and paid to the creditors. An assessment of 100 per cent on the stockholders has been ordered.
Source: newspapers

Newspaper Articles (22)

1. March 21, 1888 Evening Star Washington, DC

Article from Evening Star, March 21, 1888

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Depositors Will be Paid in Full. BUT THE STOCKHOLDERS OF THE DUBUQUE COMMERCIAL BANK WILL LOSE ABOUT HALF A MILLION. CHICAGO, March 21.-A special from Dubuque, Iowa, referring to the decision of the Commercial National Bank of that city to wind up its affairs, says: About three weeks ago the directors of the bank became dissatisfied with the management of the institution, and R. E. Grave, president, was requested to resign. This step was occasioned by a heavy and sudden draft upon the bank in the shape of paper of the Church-Graves Manufacturing Co., of Minneapolis, which assigned a short time ago, this paper having been accepted by the Commercial Bank. The directors were compelled to raise $75,000 within two hours or close the bank. The money was raised and the bank continued until yesterday, when the directors, after carefully investigating its affairs, concluded to suspend. The last statement, published February 19, showed resources amounting to nearly $900,000. The bank has a capital of $100,000, and Its directors and stockholders are among the wealthtest men in the city. The liabilities are not known. The loss will be about half a million dollars to the stockholders, it is thought, but depositors will be paid in full.

2. March 21, 1888 Rock Island Daily Argus Rock Island, IL

Article from Rock Island Daily Argus, March 21, 1888

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A DUBUQUE BANK SUSPENDS. The Commercial National Gets Into Financial Difficulties. DUBUQUE, Ia., March 21-The Commercial National bank of this city closed its doors Tuesday night. The liabilities are not known, and cannot be ascertained at this time. Three weeks ago the directors requested the president, R. E. Graves, to resign. This step was occasioned by a heavy and sudden draft upon the bank in the shape of the protested paper of the Church-Graves Manufacturing company, of Minneapolis, which assigned a short time ago. This paper having been accepted the Commercial bank, the directors were compelled to raise $75,000 within two hours or close the bank. The money was raised and the bank continued until Tuesday, when the directors, after carefully investigating its affairs, concluded to suspend.

3. March 22, 1888 Daily Kennebec Journal Augusta, ME

Article from Daily Kennebec Journal, March 22, 1888

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LAST EVENING'S NEWS. Wednesday's storm prevented the steamers from leaving Portland. A case of small pox has appeared at Morrill's Corner near Portland. The Commercial National Bank of Dubuque, Iowa, has suspended. The Chicago News declares that the Burlington strike is practically over. The/Sagadahoe special liquor constables seized five gallons of whiskey at a private house in Bath. Wednesday. The Custom House expenses in New York City must be reduced 13 per cent. and it is conjectured that 300 or 400 employes will lose their places on Saturday next. Captain Stephen Longfellow of Machias, died Tuesday might, aged 86 years. He had been sick several weeks. He was collector of this port under General Grant's administration. The pilot boats Enchantress and Phantom, of New York are still missing. and the pilot commissioners have also given them up as lost. There were fourteen persons on the boats. A terrific wind and rain storm passed over Western Pennsylvania, about 7.30 o'clock, Wednesday morning, doing much damage to the telegraphic service. Poles are reported down in all directions, and wires are working badly. Jerome L. Hill, a prominent member of the Union Club in New York City, and executor of the Lottiner estate, valued at several millions, and who is charged with appropriating $250,000 in bonds belonging to the estate, is missing. The Missouri river is flooding its banks. The ice has broken up and forming dams, forcing the water over thousands of acres of land, causing great loss of property and live stock. In Nebraska the city of Covington is in great danger. In the Concord, N. H., police court Wednesday forenoon, saloon keepers, who were complained against by Chas. H. Thorndyke,

4. March 22, 1888 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, March 22, 1888

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Dubuque's Suspended Bank. DUBUQUE. Ia.. March 21. -About three weeks ago the directors of the Commercial National Bank became dissatisfied with the management of the institution, and R F. Graves, president, was requested to resign. This step was occasioned bv a heavy and sudden draft upon the bank in the shape of paper of the Church Graves Manufacturing Company. of Minneapolis, which assigned a short time ago, this paper having been accepted by the Commercial Bank. The directors were compelled to raise $75,000 within two hours or close the bank. The money was raised and the bank continued antil yesterday. when the directors, after carefully investigating its affairs. concluded to suspend. The last statement, published Feb. 19, showed resources amounting to nearly $900,000. The bank has a capital of $100,000, and its directors and stockholders are among the wealthiest men in the city. The liabilities are got known. The loss will be about half a million dollars to the stockholders. it is thought, but depositors will be paid in full. WASHINGTON, March 21.-The Comptroller of the Currency has directed Bank Examiner Stone to proceed at once to Dubaque and take charge of the affairs of the Com-nercial National Bank.

5. March 22, 1888 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, March 22, 1888

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Why the Dubuque Bank Failed. CHICAGO, March 21.-A special from Dubuque, Iowa, referring to the decision of the Commercial National Bank of that city, to wind up the affairs, says: About three weeks ago, the directors of the bank became dissatisfied with the management of the institution, and R. E. Grayes, President, was requested to resign. This step was occasioned by a heavy and sudden draft upon the bank in the shape of a paper of the ChurchGraves Manufacturing Company of Minneapolis, which assigned a short time ago, this paper having been accepted by the Commercial Bank. The directors were compelled to raise $75,000 within two hours or close the bank. The money was raised and the bank continued until yesterday, when the directors, after carefully investigating its affairs, concluded to suspend.

6. March 26, 1888 Press and Daily Dakotaian Yankton, SD

Article from Press and Daily Dakotaian, March 26, 1888

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Depositors Will Re Paid in Full. DUBUQUE, In., March 25.-J. K. Graves arrived home from Des Moines. He was surprised to learn that the Commercial National bank had suspended. There was no run on the institution, it had more than the lawful reserve in cash on hand, and the step was ill-sidvised and unnecessary. All liabilities still be paid in full.

7. March 28, 1888 The True Northerner Paw Paw, MI

Article from The True Northerner, March 28, 1888

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United Workmen, which has refused to comply with the law, on the ground that it is not an insurance company. THE United States Supreme Court has rendered a decision in the case of Bowman Bros. vs. The Chicago and Northwestern Railroad Company, which involves the validity of a statute of Iowa forbidding a railroad company to bring intoxicating liquor into the State, unless such company has been furnished with a certificate from the County Auditor of the county to which the liquor is to be transported, showing that the consignee is legally authorized to sell it. The court holds that the power to regulate or forbid the sale of a commodity after it has been brought into the State, does not carry with it the right and power to prevent its introduction by transportation from another State. The section of the Iowa statute of April 5, 1886, which prohibits railroad companies from bringing liquor into the State, is therefore declared to be invalid, and the judgment of the United States Circuit Court for the Northern District of Illinois is reversed, the Chief Justice, Justices Gray and Harlan dissenting. A Des Moines dispatch says that Prohibitionists at the Iowa State capital think the decision will hurt their cause but little, while the liquor dealers are highly elated, and claim that it breaks down Prohibition. EX-SENATOR TABOR, of Denver, owner of the Vulture Mine, near Phoenix, Arizona, has received information that two of his messengers from the mine were murdered near Nigger Wells and robbed of $7,000 in bullion. He offers a reward of $1,000 for the arrest of the murderers and $1,000 for the recovery of the bullion. A CHICAGO special says: "There has not been such a flurry for several years as is now agitating trades people and bankers over the wholesale shoving of counterfeit $5 silver certificates during the last three days. The banks have been literally flooded with these certificates." THE Commercial National Bank of Dubuque, Iowa, has suspended payment. IN the tally-sheet forgery case at Columbus the jury disagreed, after having been out four days, and was discharged. The ballot had stood at ten to two for conviction.

8. March 29, 1888 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, March 29, 1888

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Dubuque's Broken Bauk. DUBUQUE, Ia, March 28.-Bank examiner Stone has concluded his estimate of the assets of the Commercial National Bank and forwarded his report to the Comptroller of the Treasury. He states that the depositors will receive 75 cents on the dollar. In repiy to the question as to whether the directors are liable, he said it was not his duty to declare them liable, but it was his duty to say whether they had violated the banking law. Being pressed to say whether such was the case, he replied that he preferred not to answer that question. He will make no recommendation for the receivership unless requested to do so by the Comptrolier.

9. March 29, 1888 Crawford Avalanche Grayling, MI

Article from Crawford Avalanche, March 29, 1888

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with it the right and power to prevent its introduction by transportation from another State. The section of the Iowa statute of April 5,1886, which prohibits railroad companies from bringing liquor into the State, is therefore declared to be invalid, and the judgment of the United States Circuit Court for the Northern District of Illinois is reversed, the Chief Justice, Justices Gray and Harlan dissenting. A Des Moines dispatch says that Prohibitionists at the Iowa State capital think the decision will hurt their cause but little, while the liquor dealers are highly elated, and claim that it breaks down Prohibition. Ex-SENATOR TABOR, of Denver, owner of the Vulture Mine, near Phonix, Arizona, has received information that two of his messengers from the mine were murlered near Nigger Wells and robbed of $7,000 in bullion. He offers a reward of $1,000 for the arrest of the murderers and $1,000 for the recovery of the bullion. A CHICAGO special says: "There has not been Euch a flurry for several years as is now agitating trades people and bankers over the wholesale shoving of counterfeit $5 silver certificates during the last three days. The banks have been literally flooded with these certificates." THE Commercial National Bank of Dubuque, Iowa, has suspended payment. IN the tally-sheet forgery case at Columbus the jury disagreed, after having been out four days, and was discharged. The ballot had stood at ten to two for conviction.

10. March 30, 1888 Iowa County Democrat Mineral Point, WI

Article from Iowa County Democrat, March 30, 1888

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ELECTRIC SPARKS. Accidents and Failures. IT is reported that the Commercial National Bank of Dubuque has failed. A CONFLAGRATION in Jacksonville, Fla., destroyed business property valued at $125,000. McKEE & Co., proprietors of the Penn Knitting Mills at Philadelphia, have assigned. Liabilities, $100,000. THE bodies of the four brakemen who were missing after the collision between the two double header freight trains at Cisco, California, Monday, were found in the debris. By a gas explosion at Field's colliery, Potteville, Pa., two men were fatally injured, and several others more or less bruised. A FIRE in the sash, door and blind factory of William H. Smith & Co., Milwankee, consumed about $100,000 worth of property. A confl agration in the village of Oneonta, N. Y., destroyed five buildings; loss $50,000 THE Yellowstone River ice is breaking up all at once, forming ice gorges. The big bridge of the Rucky Fort railway has gone out with an ice gorge. Streams are filling rapidly, and washouts are numerous. REPORTS continae to be received of marine disasters and loss of life along the New Jersey, Delaware and Maryland coast during the recent storm. Theloss of life and property is very great, and its full extent will probably never be definitely known.

11. March 31, 1888 The Forrest City Times Forrest City, AR

Article from The Forrest City Times, March 31, 1888

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TELEGRAPHIC BREVITIES John W. Davis was nominated by the Rhode Island Democrats Tuesday for Governor. I. Friend & Son. dry goods merthants at Lincoln, Neb, failed Thursday for $11,000. 1 William H. Norman, a Nashville (Tenn.) gambier. was fatally shot over game of cards Sunday. Luella Porter. aged 4. of Akron. O., swallowed a carpet-tack which lodged in the lung and caused death. 2 A miner named Hise Cross at Socorro, N. M., was burned to death in his cabin, which caught fire while be was asleep. Mark Twain addressed the House Committee on Judiciary Saturday on the proposed international copyright laws. Joseph Hudson, with several allases. was arrested at Evansville. Ind., for the murder of his stepfather in Chlcago a few days ago. # Mr. T. A. Mapel of West Virginia, on bis arrival in Vincennes, Ind., was taken in hand by confidence men who relieved him of $185. The body of Adoiphus Motz, employed in & rail mill hear Raleigh, N. C. was found on the railroad track. He is supposed to have been murdered. . The Commercial National Bank of Dubuque, Io., has closed its doors and asked for a receiver. The last statement placed the assets at $885,681, and he Habilities are large. Dr. J. M. Chaplin of Findlay, O., has been arrested on charge of bigamy brought by his seventh wife. It is said that he is the husband of ten women. . The Michigan State Dental Association had a stormy debate at Ann Arbor, Mich., over the question of expelling a member for advertising in the BOWE papers. John N. Campbell, a favorite among his classmates at Ann Arbor, Mich., was expelled from the college, having gained admission by means of forged letters. A Terre Haute embalmer has discovered a preparation which, it is claimed, will preserve dead bodies for an indefinite period. Amariah H. Bradner, former President of the Danville (N. Y.,) Bank, and who was serving a term in the Auburn prison, died there Thursday. The funds of the Williamantic (Conn.) Savings Institution have been found to be $150,000 short, owing to some transactions secretly made by the Treasurer, H. F. Royce. Simeon Alleman, a farmer living near Wooster, died frem the effects of drinking some embalming fluid which had been carelessly thrown into the water-bucket. A number of witnesses were examined Wednesday during the progress of the Hamilton-Gambrell trial at Brandon. Miss., court adjourning after the jury had retired. L S. Norton, for years a leading member of the Erie, (Pa.) bar, has become violently Insane through overwork and political disappointments , A gang of burglars went through the town of Valley Center, Kansas. and cleaned out a number of places, besides the post office and express office. Mr. Bland of Missouri introduced a bill to amend section 3,510 of the Revised Statutes of the United States. and to provide for new designs of authorized devices of United States coins. Leander Franklin, a farmer living near Montgomery, Ky., was called out of his house by a negro named Tilden who knocked him down and beat him almost to death. Lightning struck the dome of the capitol in Washington Thursday. and caused quite an excitement among the Senators and Representatives who were busy in the building. The dead body of Augustus Thomas was found in a thicket near Helena, Ark. It is supposed that he wandered out while in a delirious fit and was unable to get back home.

12. March 31, 1888 The Dickinson Press Dickinson, ND

Article from The Dickinson Press, March 31, 1888

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The Scandinavians of Winona are making preparations for a grand celebration May 17, the anniversary of Norwegian independence. Advices from Sherman and Gainesville, Tex., says that from four to twelve inches of snow fell there Tuesday and buried spring flowers and fruits. The Northern Pacific is getting a very large share of the emigration this year. Tuesday three emigrant sleepers were sent out, and three or four times a week the same thing is done. Several of the prominent business men of Alexandria, Minn., have met St. Paul gentlemen to obtain information as to the manner of forming assembly grounds and a Chantauqua club. A committee was appointed to form a stock company, the capital to be $20,000 or more. Tate's defalcation amounts to $250,000. The Commercial National bank of Dubuque has suspended. Newfoundland has decided to send a union delegation to Canada April 1. John C. Eno has settled with his creditors and will return to New York at once. Louis Kossuth, the leader of the Hungarian revolution in 1856, is lying ill at Turin. The Burlington & Northern railroad has given notice that it will advance freight rates April 5. The notice given by the other roads provides that rates shall be advanced March 26. Erie switchmen at Elmira, N. Y., are on a strike. Upwards of 40,000 election tickets were printed for the recent city election at Moorhead for the use of about 600 voters. There were forty-seven different combinations. Work will be resumed on the fourth state normal school at Moorhead as soon as the weather permits. When finished the structure will be an imposing one and will cost about $60,000. Governor Ross, of Texas, has announced his intention to call an extra session in a few days for the purpose of determining what disposition shall be 000. made of the treasury surplus of $3,000,Duluth gamblers must quit the business May 1st. The Illinois Central will build no new line in the Northwest this season. A state teachers' institute will be held at Rochester, commencing on Monday, April 2. Plans have been perfected to carry on a series of Sunday school institutes in all parts of Minnesota. The Odd Fellows of Rochester will celebrate the 26th of April, their anniversary day. All lodges in that part of the state will be invited to participate. Duluth, South Shore & Atlantic road will build a branch road to Portage entry stone quarries, one of which is third in importance in the United States. A New York politician says the Hewitt boom for the presidency is a solid fact. If Cleveland is not renominated the New York delegation will be a unit for Hewitt.

13. March 31, 1888 Idaho News Blackfoot, ID

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GOSSIP FROM WASHINGTON. The house committee on territories decided to report a bill for the orvanization of the territory of Alaska. The comptroller of the currency has directed Bank Examiner Stone to proneed at once to Dubuque, and take charge of the affairs of the Commercial National bank. The house committee on agriculture instructed the chairman to report back adversely the bill granting a bounty on the export of grain, and to recommend that it be laid on the table. Senator Cullom, in behalf of the committee on territories, presented a roport opposing the annexation of the anhandle of Idaho to Washington terAntory and favoring the admission into the union of the territory of Washington with its present boundaries. Secretary of State Bayard has lately received through the United States minister at Tokio information of the appointment of his excellency, Munemistu Matsu, as Japanese minister at Washington, to succeed Mr. Kuki, assigned to position in the home government. A patent has been granted Elias E. Ries and Albert H. Henderson, of Baltimore, Ma. on an apparatus for increas be the tractive power of locomotives and other vehicles propelled by electricity, The patent covers the use of electric currents for increasing the tractional addition between the driving wheels and rails, thus increasing 100 per event the tractive power of locomotives and self-propelled motor cans. The conferees have agreed on their report on the urgency of deficiency bill. which will be submitted to the house at $0 early day. The appropriation of $100,000 for lengthening the dry dock of the Brooklyn navy yard is stricken cut; the amendment directing the publie printer to enforce the eight-hour law in the government printing office is retained: the amendment appropriating $27,000 to reimburse the state of Texas for expenses incurred in repelling invasions is agreed to; the appropriation of $32,000 for the payment of the Grayson Indian claim is retained. At a recent meeting of the senate committee on interstate commerce it VM voted by one majority to strike from the interstate act the words "un der substantially similar circumstances and conditions" in the second section of the bill, which relates to the discrimina tion between persons, but this action was not considered very important in itself, since there were other qualifying terms in the section which left its elas ticity practically unimpaired. To-day, however, upon n proposition to strike these words as well as the suspension proviso, from the long and short haul section, of which they form a very im portant part, the committee, after a long and earnest discussion, determined the matter adversely, thus leaving the law in this regard practically unchanged.

14. April 12, 1888 Mineral Point Tribune Mineral Point, WI

Article from Mineral Point Tribune, April 12, 1888

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WASHINGTON. DURING the month of March the public debt was decreased $11,586,559. THE President has approved the act for the erection of a public building at Springfield, Mo. THE President has vetoed the bill for the relief of Nat McKay and the heirs of Donald McCay. GENERAL WARNER, Commander of the Thirty-fourth division of the Army, will probably be appointed Chief of the General Staff of the War Office. Comptroller of currency has appointed E. P. Welles, of Clinton, Iowa, receiver of the Commercial National bank of Dubuque. DR. CHARLES C. SATER, of Hudson, Ill., was appointed to day a member of the board of examining surgeons at Bloomington, Ill. THE president has sent the nomination of Ezekiel A. Smith, of North Carolina, to the senate to be minister resident and consul-general of the United States to Liberia. THE house committee on agriculture has adopted a resolution requiring all persons who desire to submit printed briefs on the bill to tax and brand compounded lard shall do so on or before the 16 of April. It also decided to take up the bill for consideration on the 25th inst.

15. April 20, 1888 Iowa County Democrat Mineral Point, WI

Article from Iowa County Democrat, April 20, 1888

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ingmen proposes to establish a co-operative coal company. CARDINAL HOWARD, who for some time has suffered from softening of the brain, is a hopeless imbecile. THE laying of the great pipe line between Lima, Ohio, and Chicago has begun at Huntington, Ind. SENATOR INGALLS has received 1,500 letters in regard to his recent fiery speech in the senate, mostly condemnatory of his action. Recorder Smyth has denied the application to submit the complaints of the Kausas Pacific bondholders against Gould and Sage to the grand jury. GENERAL GREELY predicts that the hottest days of the coming summer will be July 14, 15, and 16. GIBRALTER-The United States Steamr Enterprise under pre-emptory orders, has sailed for Tangier. JAY GOULD gives thirty-two acres of the Washington estate to the Mt. Vernon association. A RICH gold field is said to have been discovered about 200 miles northwest of Sitka, Alaska. THROUGH trains began running Monday between New Orleans and Denver, Col, by the Denver, Texas and Fort Worth route, the road being completed. ABOUT six hundred men have been laid off by the Yew York Central railroad on account of lack of business caused by the strikes. A CORRESPONDENT writes from Honduras and says that more than $12,000,000 of American capital is invested in gold mines in that country. THE depositors of the Commercial National bank, of Dubuque, Iowa, it is reported will receive 75 per cent on the dollar. THE Moorish government, and Lewis, the American consul, have agreed to IUfer the disputes between the two governments to arbitration. THE condition of Rossoe Conkling is very serious. The trouble is an ab. ces in one of his ears. A surgical operation has been performed, but his case IS considered doubtful. FARMERS from Ashland and other Kansas towns in that district, hung four horse thieves in No Man's land. They have nine more barricaded intending to lynch them. THERE is still in force in Rhode Island, it is said, a law forbidding the smoking of a cigar on the main street of any city in the state, and in Vermont the smoking of a cigar on the street on Sunday is made a misdemeanor. IOWA saloon-keepers are making preparations to sell imported liquors, lawyers setting up the claim that the sale of imported intoxicants can not be stopped, so long as they remain in the original packages.

16. July 12, 1888 Press and Daily Dakotaian Yankton, SD

Article from Press and Daily Dakotaian, July 12, 1888

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To Withdraw From His Firm. DUBUQUE, Ia., July 11.-Wm. Andrew of the firm of Andrew, Treadway & Sons, wholesale hardware, has sold his interest in the concern to his sons, George W. and John H. Mr. Andrew was one of the seven directors of the Commercial National bank, which failed some months ago, nearly ruining all the directors except Andrews.

17. August 19, 1888 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, August 19, 1888

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Dubuque's Defunct Depository. DUBUQUE, Ia., August 18.-[Special Telegram to THE BEE.]-Receiver Wells, who has been examining the condition of the defunct Commercial National bank, finds its affairs much worse than expected. He estimates its assets at $250,000 and its liabilities at $450,000. When Bank Examiner Stone reviewed the remains some weeks ago he placed the assets and liabilities as about equal, and a few days ago a dividend of 30 per cent was declared and paid to the creditors. An assessment of 100 per cent on the stockholders has been ordered, and the re. ceiver says he will bring suit against all delinquent stockholders who fail to pay up by the 25th of this month.

18. August 21, 1888 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, August 21, 1888

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STOCKHOLDERS KICK. The Receiver of Dubuque's Defunct Commercial National Bank Stirs Up a Rumpus. Special to the Globe. DUBUQUE, Io., Aug. 20.-Receiver Weller, of the defunct Commercial National bank, now estimates the assets of the concern at $250,000 and its liabilities at $450,000. When the bank failed the assets were pronounced by Examiner Stone to be nominally $640,000 and its liability to depositors $517,000. Both sums. he said, would be largely reduced by rediscounts. A dividend of 30 per cent was paid a short time since and an assessment of 100 per cent was made on the stockholders. The latter will contest this assessment on the ground that a few months before they paid a similar assessment by order of the controller. Receiver Weiler announces that he will enter suit against all stockholders who fail to pay the assessment by Aug. 25 The directors against whom civil action is likely to be taken are Gen. Booth, Frank D. Stout, William Andrew and John R. Walter.

19. August 22, 1888 Press and Daily Dakotaian Yankton, SD

Article from Press and Daily Dakotaian, August 22, 1888

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REFUSE TO PAY THE ASSESSMENT Stockholders of the Defunct Dubuque Bank to Be Brought Into Court. DUBUQUE, Ia., Aug. 21. - Receiver Weller, of the defunct Commercial Na. tional bank, estimates the assets of the concern at%250,000, and its liabilities at $450,000. When the bank failed the assets were pronounced by Examiner Stone to be nominally $640,000, and its liabilities to depositors $517,000. Both sums, he said, would be largely reduced by rediscounts. A dividend of 30 per cent. was paid a short time since, and an assessment of 100 per cent. was made on the stockholders. The latter will con test this assessment on the ground that a few months before they paid a similar assessment by order of the controller. Receiver Weller announces that he will enter suit against all stockholders who fail to pay the assessment by A.ug. 25. The directors against whom civil action is likely to be taken are Gen. Booth, Frank D. Stout, William Andrew and John R. Walter.

20. August 24, 1888 The Mitchell Capital Mitchell, SD

Article from The Mitchell Capital, August 24, 1888

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STOCKHOLDERS MUST PONY UP. A Second Assessment of 100 Per Cent. Made Against the Defunct Dubuque Bank. DUBUQUE, Iowa, Aug. 21. -Receiver Weller, of the defunct Commercial National bank, now estimates the assets of the concern at $250,000 and its liabilities at $400,000. When the bank failed the assets were pronounced by Examiner Stone to be nominally $640,000 and its liability to depositors $517,000. A dividend of 30 per cent. was paid a short time since and an assessment of 100 per cent was made on the stockholders. The latter will contest this assessment on the ground that a few months before they paid a similar assessment by order of the comptroller. Receiver Weller announces that he will enter suit against all stockholders who fail to pay the assessment by Aug. 25.

21. December 12, 1888 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, December 12, 1888

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BADGER BRAVERY. Banker Mead Collars and Disarms a Bold, Bad Burglar. SHEBOYGAN, Wis., Dec. 11.-At 1 o'clock this morning Banker James Mead was awakened by the presence of a burglar in his room, and he sprang up and held the intruder, preventing him from drawing his revolver. Francis Williams then came to Mr. Mead's assistance, and with a revolver, made the burglar hold up his hands until a policeman arrived. A pal on the outside fired at the policeman and the latter returned the fire, and a trail of blood indicates that the picket was severely wounded. The captured robber had a complete burglar's outfit, and if he had had an opportunity would doubtless have shot Mr. Mead. Wrestling With an Old Case. Special to the Globe. DUBUQUE, Io., Dec. 11.-The United States court is wrestling with the affairs of the defunct Commercial National bank. Judge Shiras this morning overruled the demurrer of plaintiff to the answer of defendant in the case of Receiver Wells, of the Commercial bank, against Frank Larrabee, trustee, and the First National bank of McGregor. This action is to recover an assessment of 100 per cent on $10,000 of the stock of the Commercial bank of Dubuque held by defendants. Defendants' answer was that the stock was held merely as security for a loan of $10,000 made to Mr. Graves, and the demurrer was that the means by which defendants acquired the stock was of no legal consequence.

22. March 14, 1889 Audubon County Republican Audubon, IA

Article from Audubon County Republican, March 14, 1889

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At a meeting of farmers held at Sac City, a resolution was adopted recommending the farmers of the country to harvest their grain without the use of binding twine, unless the same can be purchashed for 14 cents per thousand. The saloon in Council Bluffs known by the startling but appropriate name of the "Bucket of Blood Saloon," has been closed by order of the mayor. It is the place where DeGood was foully murdered on the afternoon of March 5. The farmers of Dubuque county, as well as those of the entire northwest, are preparing to enter a vigorous protest against the action of the binder twine trust, which combination hasadvanced the price of twine to a high figure. Judge Fairall, in the district court at Iowa City, fined two saloonkeepers $300 each, and stated that another would be fined $500 if brought before him. In two cases the defendants not being present, sentence was deferred until Friday. A man named E. B. Warren, aged twenty-four, was knocked off a trestle bridge on the Wabash road, about two miles south of Ottumwa, and was quite seriously hurt, having some four or five ribs broken and his back badly bruised. He may get well. John Kramer, a wealthy Germar farmer residing near Dows, committed suicide by taking strychnine. Domestie-trouble is said to have been the cause for the rash act. Mr. Kramer was about forty years of age. He leaves a wife, but no children. Suits were commenced in the United States Court at Dubuque, by E. P. Wells, receiver for the Commercial National Bank, against the Iowa Iron Works, J. H. Graves, Luin H. Graves and Lucy Graves, for the recovery of $187,000, money loaned by the bank. Horace Gage, a wealthy citizen of Nora Springs, has sued the Advertiser of that place for $10,000 libel for publishing a contributed article accusing him of reflecting upon foreigners as office holders at a recent town caucus. The case will come up for hearing in April. The fact has been settled that King and Murphy, the two men arrested at Sioux City a few days ago charged with blowing open the safe in the South Sioux City bank, are the right men. Two accomplices have also been arrested and are in jail at Dakota City, Nebraska. The last act of Judge Hendman in closing the term of the District Court at Webster City was the sentence o Basket, who was convicted of murder in the second degree, in killing the showman at that place last summer The sentence was fifteen years in the penitentiary at Ft. Madison. William Reeseberg, whose home is near Dayton, Iowa, had been working for Fred Kreider of Missouri Valley He had been in the west end of the yards, when an eastbound Chicago & Northwestern freight train came in. He attempted to board this train and fell under the car, losing his left leg just below the knee and a portion of his right foot. J. H. Powers, a lawyer at New Hampton, has been foremost in the prosecution of liquor cases. He has at different times received threatening letters, but it was passed by as a bluff. A few nights ago however, his large barn aed contents were destroyEd by an incendiary fire. Some twenty head of live stock perished. Insurance, $500; total loss, $4,000. The farmers of northeastern Iowa are organizing a boycott against the Binder Twine Trust. This action of Iowa farmers is extending over other States. G. A. Wilcox, the head of the great twine factory at Cleveland, is getting uneasy, and denies the existence of such a trust, but says there was something of the kind until last year, when it fell to pieces. Dr. Brown, coroner, held an inquest at Schaller on the body of D. S. Shull, who died from the effects of carbolic acid, which he mistook for alcohol. He purchased from the druggist in Schaller a half pint of alcohol, as he supposed, but he took home a hali pint of carbolic acid and died after taking a dose of it. Mr. Shull had been an invalid for years, and a hard drinker. He lived about ten miles northwest of Early. Francis V. De Griselli died at Storm Lake on Sunday March 3d and was buried at Centralia De Griselli was