3476. First National Bank (Hawarden, IA)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
4594
Charter Number
4594
Start Date
August 25, 1893
Location
Hawarden, Iowa (42.996, -96.485)

Metadata

Model
gpt-5-mini
Short Digest
1a9a4da3

Response Measures

Full suspension, Books examined

Receivership Details

Date receivership started
1927-09-15
Date receivership terminated
1927-09-26

Description

The First National Bank of Hawarden, Iowa suspended in late August 1893 (Comptroller received notice Aug 25). Local reporting (Aug 31) describes heavy withdrawals and the bank closing its doors; Comptroller authorized resumption Sept 25/26. Sequence indicates depositor withdrawals (a run) led to suspension, and the bank later reopened. Cause attribution is to the wider 1893 financial troubles (macro news) rather than a specific misinformation event.

Events (7)

1. July 8, 1891 Chartered
Source
historical_nic
2. August 25, 1893 Suspension
Cause
Macro News
Cause Details
Suspension followed heavy withdrawals and depositor distress (linked to the broader 1893 banking troubles); examiner was directed to take charge by the comptroller.
Newspaper Excerpt
Comptroller Eckels today received notice that the First National Bank of Hawarden, Io., had suspended. Bank Examiner Diamond... has been directed to take charge of it.
Source
newspapers
3. August 31, 1893 Run
Cause
Macro News
Cause Details
Heavy withdrawals of deposits (about half withdrawn since May 1), consistent with depositor panic during the 1893 financial crisis.
Measures
None reported specifically to stem withdrawals prior to suspension; later examiner was directed to take charge.
Newspaper Excerpt
On Friday the First National bank Hawarden ... losed their doors. ... since at time fully one-half have been withdrawn.
Source
newspapers
4. September 26, 1893 Reopening
Newspaper Excerpt
Comptroller Eckels has authorized the First National bank of Hawarden, Ia., which was recently suspended, to resume business.
Source
newspapers
5. September 15, 1927 Receivership
Source
historical_nic
6. September 26, 1927 Restored To Solvency
Source
historical_nic
7. February 12, 1934 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (11)

Article from St. Paul Daily Globe, August 26, 1893

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Banks Reopening. Special to the Globe. W ASHINGTON, Aug. 25.-Comptroller Eckels today received notice that the First National Bank of Hawarden, Io., had suspended. Bank Examiner Diamond, of North Dakota, has been directed to take charge of it. The comptroller says the First National Bank of Dubuque opens within a week, and both national banks at Le Mars shortly.


Article from Union County Courier, August 31, 1893

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Produce Market. Report by O. H. Williams of the Ace Webstor Produce company. Price paid in Chicago 13ke per doz. KEES, loss off 15016c per D. Butter, dairy LOCAL PARAGRAPHS Court sets in Elk Point on September 26. Bishop Marty was in the city on Friday, paying Father Hogan a visit. A party of young folks from the town spent portion of Monday on A. L. Bland's farm. The old settlers of Dakota county will hold their re-union to-day (Thursday, Aug. 31) near Crystal lake. Charles Freeman hasadded to the attractions of his fine residence by having constructed 150 feet of new picket fence. Mrs. Julia Crandall left on Mon. day for Sioux City to act as a witness in the Hawk bigamy case. She will not return to Elk Point but go to Dows, Ia, and remain with her brother. A marriage license was issued on the 24th inst., to Mr. Walter Rohton and Miss Hattie Elliott of Beresford. The marriage no doubt has already taken place. Mr. Rhoton is in business in Beresford. E. C. Ericson was called to the north end of the county on important business in connection with a mercantile house. On Monday Mr. Ericson accompained his brother Eric to Chicago for the purpose of visiting the fair. On last Wednesday Squire Joy made happy Mr. Peter Neissick and Miss Mary Kastern of this county in joining their hands and pronouncing with such solemnity as the occasion required the words which "until death doth separate." On Monday Rev. Pipes, Willie Talcott and Arthur Conly left for Chicago to visit the world's fair. They will engagea tent and camp out in the city. This plan is now being adopted by a quite a number, the cost being a very nominal matter. Rev. Pipes. has received a call from a well-to do church congregation in Denver. We are unable to state whether Mr. Pipes has decided to accept the call or not, but certainly would be exceedingly sorry to see Elk Point loose 80 valuable and able a divine as Mr. Pipes. The Akron Register is two years old and hasn't shed a tear yet. In its last issue Editor Beaumont makes a two minute dash into the ranks of blood thirsty anarchists, as if that was one of the issues of the day. My dear Mr. Beaumont every civilized person is opposed to anarchists. Why waste your breath on such a subject. The affidavit of C. H. Freeman of this city. is on file in the Sioux City Livingston case which is causing so much excitement in the elite society of our big neighbor. Mr. Freeman was called upon to testify whether he had ever seen any thing out of the way in the relations between the deceased and Mrs. Rose Livingston, the second wife. At the Sioux Valley Sunday school convention held yesterday and today at Hawarden several interesting papers are on the programme. Mrs. Murphey of this place has for her subject "What are we here for?" "The Sunday school teachers out of school" was Rev. Pipes' subject, but insomuch as he departed for the world's fair, Monday, those attending were compelled to do without the ideas of Rev. Mr. Pipes. On Friday the First National bank Hawarden and the Alcester bank losed their doors. The Alcester oncern was a branch bank and of ourse was entirely dependent upon parent plant. No statement been made by the Hawarden ank as yet, although it is stated on May 1st., the bank had out $120,000 deposits and since at time fully one-half have been ithdrawn. The suspension is rearded as temporary, as the assets $2 to every $1 of liability. Yesterday S. G. Thornton, accomnied by John Amsler, of Sioux y. and John Shroeder,of Chicago, parted for Charles Mix county on unt. Their provision wagon was novelty in point of construction conveniences. In one end was ice chest for the preservation of In another part was a chest - ding an oil stove and when formed center table. which uld do honor to the dining of Princess May of Teck. The aters will be gone two weeks, and for lots of fun, lots of game and of health. They will fish in Andes, hunt deer in the Missou preaksand bag prairie chickens in


Article from Rock Island Daily Argus, September 26, 1893

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Authorized to Resume. WASHINGTON, Sept. 26. - Comptroller Eckels has authorized the First National bank of Hawarden, Ia., which was recently suspended, to resume business.


Article from Evening Star, September 26, 1893

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Allowed to Open. The First National Bank of Hawarden, Iowa, and the National Park Bank of Livingston, Mont., which recently suspended payment, having fully complied with the conditions imposed by the controller of the currency and their capital stock being unimpaired, have been permitted to reopen their doors for business.


Article from The State Republican, September 28, 1893

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LATER NEWS. 1 IN the senate, on the 25th, the reso. lution, previously offered by Mr. Stewart (Neb.), as to co-ordinate branches f of the govertment, was laid before the senate, and Mr. Stewart proceeded to speak upon it. His speech lasted neark ly four hours. Speeches against the repeal bill were made by Messrs. Cameron and Bate, after which Mr. Stewart resumed his speech and occupied the remainder of the day In the house Mr. Hudson offered a resolution for the appointment of a committee to investigate the recent killing of settlers in the Cherokee strip by United States troops, after which the printing bill was again taken up. THE Michigan Central Railroad Co. has began to arm the trainmen of all trains carrying American express or mail cars; and other roads are expected to follow suit. The employes have been supplied with Winchester repeating shotguns loaded with buckshot. and additional employes similarly armed have been put on, so that there 1 will be at least ten fully armed men on each mail and express train. THE British battleship Camperdown. flagship of Rear-Admiral Markham, started on her trial trip near Malta, on the 25th, after having undergone repairs necessitated by her collision with the ill-fated Victoria. She had proceeded but a short distance when she struck bottom and ran hard aground. Tugs were sent to her assistance and she was again floated, having sustained but little damage. THE Italian steamer Vicenzo Floria, from Genoa, arrived at Rio Janeiro on the 25th. She had cholera on board. and her passengers were therefore not allowed to land, and she was compeled to return with them to Genoa. THE sculling match between George Bubear and Sullivan, of New Zealand, for the Thames championship, took place on the 25th. Sullivan beat Bubear by five lengths. ON the 25th Comptroller Eckels authorized the First national bank of Hawarden. Ia., which recently suspended, to resume business. AT a meeting of the Brooklyn Elevated railroad employes, on the 25th, it was decided to agree to a reduction of 10 per cent. in salaries. WHOLESALE arrests of anarchists have taken place in Austria, where the existence of a widespread anarchistic plot has been revealed. THE Newburyport (Mass.) Car Co.'s works, which had been closed for two months, resumed operations on the 25th,


Article from Huntsville Gazette, September 30, 1893

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PERSONAL AND POLITICAL. LORD DUNRAVEN and party arrived at New York on the 23d, on the Cunard liner Campania. THE most important capture of a moonshine whisky maker of recent years was made by United States Marshal D. H. Harman on Indian creek, Wyoming county, W. Va., on the 23d. The man captured was the famous Willard Morgan, over whose head a reward has been hanging for ten years. Morgan began making moonshine and killing people who stood in his way in 1870. RT. HON. JAMES SHANKS, the lord mayor of Dublin, accompanied by the lady mayoress, Town Councilor T. C. Mayne and Mrs. Mayne, M. Florence O'Driscoll, Mr. O'Connor and Mr. Charles Barrington, arrived in New York on the Campania, on the 24th, on their way to Chicago. The lord mayor will be the guest of the city of Chicago and the directory of the World's fair. REV. DR. TALMAGE, in his pulpit, on the 24th, proposed a grand international jubilee to celebrate the dawn of the twentieth century of the Christian era. COMPTROLLER ECKELS, on the 25th, authorized the First national bank of Hawarden, Ia., which recently suspended, to resume business. ON the 25th the sculling match between George Bubear and Sullivan, of New Zealand, for the Thames championship, took place. Sullivan beat Bubear by five lengths. D. D. MERRILL and the D. D. Merrill company, of St. Paul, Minn., one of the largest book dealers and publishers in the northwest, have made a voluntary assignment for the benefit of their creditors.


Article from Red Lodge Picket, September 30, 1893

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Authorized to Resume. WASHINGTON, Sept. 27.-Comptroller Dekels has authorized the First National bank of Hawarden, Ia., which was recently suspended, to resume business.


Article from Watertown Republican, October 4, 1893

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mission, has commenced an investigation of the Fort Wayne, Ind., postoffice. LUKE BEAUDETTE, 13 years old, was found drowned in a mill pond at Minneapolis, Minn. She is said to have told a schoolmate that she intended to kill herself. IT is reported at Des Moines, Ia., that the Danish Lutherans of the United States are to establish a theological university there for their denomination. Work is to be commenced soon on the buildings. THE people of Clark County, Kas., have withdrawn their applications for state aid in wheat. They have formed an association of their own citizens for the purpose of subscribing and soliciting seed wheat or money to buy it. MGR. SATOLLI says that Archbishop Kenrick has not been deposed and that in regard to the faculties of the Most Rev. Archbishop Kain the question must depend upon the particular arrangements agreed upon by the two prelates. THREE Bolduc children, of St. Evarieste Beach, Que., aged 5, 6 and 8 years, were left alone in their home. They found some strychnine in a bottle and drank it. The eldest and youngest are dead and the otherchild is in a precarious condition. COMPTROLLER ECKELS to-day authorized the First National Bank of Hawarden, Ia., which recently suspended, to resume business.


Article from Reporter and Farmer, October 5, 1893

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TNHE EWS IN A NUTSHELL. DIGEST OF THE NEWS FROM ALL PARTS OF THE WORLD. All Important Occurrences of the Past Week, Boiled Down and Arranged for Rapid Reading, From Home and Abroad. AT WASHINGTON. Secr tary Gresham, it is said, is to make a trip to California for the benefit of his health. Secretary Morton has ordered that meat for interstate trade shall be marked the same as that for foreign ports. Secretary Carlisle says the treasury will pay as far as possible for deporting the Chinese under the Geary law. A model for the equestrian statue of Logan has been definitely decided upon. It will be placed in Iowa Circle at Washington. Comptroller Eckles to-day authorized the First National Bank of Hawarden, Iowa, which recently suspended, to resume business. Republican Se nators are credited with an intention to make their continued support of the silver repeal bill conditional upon concessions from the Democrats on the election law repeal and tariff bills. It is estimated that the treasury department was actuated in ordering the revenue steamers Grant and Perry to the Pacific coast more by the condition of the Chinese and seal fisheries than the reported smuggling of opium in Puget Sound.


Article from The Jasper Weekly Courier, October 6, 1893

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PERSONAL AND GENERAL. REV. DR. TALMAGE. in his pulpit. on the 24th. proposed a grand international jubilee to celebrate the dawn of the twentieth century of the Christian era. THE resignation of M. E. Smith. assayer of the United States mint at Denver. Col., has been accepted. ON the 25th Comptroller Eckels authorized the First national bank of Hawarden. Ia., which recently suspended, to resume business. AT a meeting of the Brooklyn Elevated railroad employes, on the 25th, it was decided to agree to a reduction of 10 per cert. in salaries. WHOLESALE arrests of anarchists have taken place in Austria, where the existence of a widespread anarchistic plot has been revealed. THE Newburyport (Mass.) Car Co.'s works, which had been closed for two months, resumed operations on the 25th. THE United States cruiser Newark left her anchorage off Stapleton, S. I., on the 25th. for Rio de Janeiro, expecting to make the run in twenty days. FIRE. on the 26th, destroyed the best business block in Sabetha, Kas., causing a loss of $40,000. CHOLERA has appeared at Rowley, a village in Staffordshire, England. PAID admissions to the World's fair on the 26th were 194,943. THE D. D. Merrill company and D. D. Merrill, of St. Paul. one of the largest book dealers and publishers in the northwest. have made a voluntary assignment for the benefit of their creditors. A HEAVY electric storm passed over Cape May, N.J., on the night of the 25th. It was accompanied by a tremendous downpour of rain and hail. Several fishing boats were wrecked, and the switch back at the steamboat landing was blown down. JOHN D. HYER, of Pennsylvania. and William Bourke. of Wisconsin. principal examiners in the pension office, have resigned. THE formation of one of the most gigantie trusts known in the commercial history of the country has been brought to light by the filing at Clinton. la., of the articles of incorporation of the Mississippi Lumber Co. with a capital stock of $1,500,000. The new concern embraces every lumber and log magnate doing business on the Mississippi and its tributaries between St. Paul and St. Louis. Ox the 25th a solid cast-steel projectile was fired through seventeen inches of steel armor plate at the government proving station at Indian Head, and came out unharmed. It is considered by the officials of the navy ordnance bureau to be the most satisfactory test yet made. The projectile was impeled with a velocity of 1,800 feet per second, and with a striking energy of over 12,000 tons. CHIEF SWENIE of the Chieago fire department was Indly injured, on the night of the 26th. while superintending the fight against a planing mill fire. A heavy timber fell on him, breaking his right leg and badly bruising him about the body. Chief Swenie is one of the best-known firemen in the country. POSTMASTER POTTER of Giles City, Ariz., and Robert Roberts were murdered there, on the 25th, their skulls being beaten in by unknown persons. One body was found in the post office and the other near it. The murderers are believed to have been Indians, who were mining near Gila. THE French flagship Naiade and the cruisers Nielly and Rigault are in New York harbor. Rear-Admiral Lamornaix flies his flag aboard the Naiade. The men and officers will have a few days' vacation and visit the World's fair.


Article from The L'anse Sentinel, October 7, 1893

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THE WORLD AT LARGE. A REVIEW OF THE WEEKS DOINGS. A request was received at Vinieta, I. T., for officers at Wagoner, where the Dalton gang was said to be. Clifford M. Claverty, tight-rope performer. fell ninety feet at the interstate fair, Trenton, N. J., and was fatally hurt. A dozen persons have lost their lives in prairie fires in the last few days in the western part of the Cherokee strip An attachment for $30,000 has been placed on the property of the New England Printing Telegraph,at Providence, R. I. Williams McCoombs killed himself in a hotel at Wheeling, W. Va. He had been drinking. No other cause is known. David F. Williams of San Francisco was found dead in his room at the Coolidge house, Boston. Probable suicide. Robert Louis Stevenson, who has just arrived in San Francis O from Samoa. says affairs in Samoa are still unsettled and in a precarious state. T City Clerk E. A. Cook of McComb, Ohio. was arrested by the postal authorities charged with advertising to sell Columbian postage stamps for steel engravings. The final hearing of the Iron Hall cas was set yesterday at Indianapolis for Nov. 6. Receiver Failey filed his first report giving a financial accounting. Walter Harwood, a real estate and loan agent in Kansas City, Mo., ed at the Grand Mis-ouri hotel of pneumonia. He was an Englishman by birth and a widower. Billy Deutsche. the sporting man who is known all over the world. is dying in St. Luke's hospital, Denver. He believes he cannot live more than a few days and has destroyed all evidence of obligations of former friends to him. 5County Clerk Holt of Pendleton county, Kentucky. is short in his acconnts more than $4,000. Dr. L. M. Steed. a physician of Sand Flat. Texas, was killed by James Matthews, a farmer, who claims Steed insult his wife. Eight desperate prisoners escaped from the branch prison at Big Mountain, Tenn. It is thought they were assisted either by trusties or civilians. The Wolfley canal dam site in Arizona and franchises were sold by the sheriff to satisfy a judg nent. Goldman & Co. bought them for the Peoria Construction company of Illinois, for $17,534.80. Sandy Donohue, the famous fighting sheriff of Coconino county, Ari, shot R. G. Harris and Bob Dunlap, noted horse thieves. after a hard buttle. Dunlap had killed seven men. The German bark Carl Burchard coal lade was wrecked at Port Angel. on the Mexican coast, July 30 The cr. were assisted to return to Germany by the German consul. The Fi st Nat onal bank of Ashland. Wi which closed its doors July 31, has op ned for bu iness. The hittenton mills at Taunton. Mass.. started all its departments on full time. giving employment to more than 1.0 persons. Comptroller Eckels has authorized the First National bank of Hawarden. Iowa, which recently suspended, to resume business. John Huton, a Little Miami brakeman. was killed under the wheels at Morrow, Ohio. Five cars passed over him. Thomas Brown, a well known resident of Wabash, Ind., and a prominent Oddfellow, 45 years old, died o: tyhoid fever. G. D. Root, United States vice-consul at Guaymas, Mexico, is said to have shot himself through the head. He was 50 years of age. No cause is assigned. The Canadian Pacific earnings for the week ending Sept. 21 we e $429,000 for the same period last year, showing an increase of $3,000. The Four Seasons hotel, built at Middlesborough, Ky., by the Cumberland Gap Park company at a cost of $1,000,000, has closed itsdoors. It went into the hands of a receiver some months ago. Patrick Moran. a gardener residing in the Coal Hill district n ar Stubenville, Ohio, was murdered Monday by three men at a coal shaft near his home, his brains being da hed out with a pick. Col. P. F. Faison, the special agent of the United States government sent to investigate the troubles in the Choctaw nation, has made his final report and left that country. He says United States troops sent there last April are no longer needed. A trunk has been washed asnore at West Berkeley, Cal., supposed to be the one in which Dr. West carried the mutilated remains of Miss Gilmour to the bay. It is expected Dr. West will wa ve the preliminary examination. having.