John A. Thompson's Bank (Edinburg, IN)

Episode Information

Episode Type
Suspension → Closure
Start Date
June 11, 1896
Location
Edinburg, Indiana (39.354, -85.967)
Bank Type
trust

Metadata

Notes

Newspaper variants show receiver name spelled Threkeld/Threckeld and town spelled Edinburg/Edingurg in different reports.

Events (2)

1. June 11, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bad investments and a depletion/lack of deposits cited as cause; liabilities reported ~$75,000 vs assets ~$180,000-$200,000.
Newspaper Excerpt
At Edinburgh to-day, John A. Thompson's bank closed its doors.
Source
newspapers
2. June 11, 1896 Receivership
Newspaper Excerpt
William Threkeld (Threckeld) was made receiver.
Source
newspapers

Newspaper Articles (5)

Article from Richmond Dispatch, June 12, 1896

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Article Text

Private Bank Suspends

COLUMBUS, IND., June 11.-At Edinburgh to-day, John A. Thompson's bank closed its doors. William Threkeld was made receiver. The assets are estimated at $200,000. The liabilities are less than that amount. Lack of deposits is given as the cause of the failure.


Article from The Morning News, June 12, 1896

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Article Text

An Indiana Bank Fails

Columbus, Ind., June 11.-At Edinburg to-day John A. Thompson's bank closed its doors. William Threckeld was made receiver. The assets are estimated at $200,000. The liabilities are less - than that amount. Lack of deposits is given as the cause of the failure.


Article from The Scranton Tribune, June 13, 1896

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Article Text

AN OLD BANK SUSPENDS

John A. Thompson's Indiana Institution Closes Its Doors. Edinburg, Ind., June 12.-John A. Thompson's bank, one of the oldest banking institutions in Johnson county, has closed its doors. Liabilities $75,000; assets $180,000.


Article from The Valentine Democrat, June 18, 1896

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Article Text

Indiana Bank Fails

John A. Thompson's Bank of Edingurg, Ind., has closed its doors. The property of the bank and the Thompson flour mill, as well as the property of the individual members of these firms, has been assigned for the benefit of the creditors. Bad investments and a depletion of deposits, it is said, caused the failure. Liabilities, $75,000; assets, $180,000.


Article from The Jasper Weekly Courier, January 15, 1897

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Article Text

BUSINESS FAILURES.

BANKS GENERALLY - INCLUDING VOLUNTARY SUSPENSIONS.

Jan. 11—Exchange, Greeley Center, Neb. ...Fifth Avenue savings, Columbus, O. Jan 13—Bank of Ogalalla, Neb. Jan. 14—Banks at Blue Springs and Stratton, Neb. Jan. 15—Bank of Wauneta, Neb City bank, Minneapolis. Jan. 16—Irish-American, Minneapolis. Jan. 17—Farmers' national, Portsmouth, O. Jan. 20—Bank of Commerce, Grand Island, Neb Feb. 5—At Momence, Ill., bank of Wilton M. Durham Maurice, Ia., State Citizens', Connersville, Ind. Feb. 14—Exchange, Flemingsburg, Ky. Feb. 17—McCague savings, Omaha. Mar. 3—Central Trust and Savings, Chicago. Mar. 6—Bank of Frankfort, Mich Malachi Maynard's, Apple River, Ill. Mar. 9—Sherman county, Goodland, Kan. ...Bloomfield (Neb.) State Commercial and Savings, San Jose, Cal. Mar. 27—Midway (Ky.) Deposit. Mar. 30—First national, Morris, Minn. Apr. 4—Farmers', Decatur, Ill. Apr. 11—Chadron (Neb.) Banking Co. Apr. 16—First national, and Liberty savings, Bedford City, Pa. Apr. 22—American national, Denver, Col., $865,231. Apr. 24—Grand Forks (N. D.) national. May 1—City savings, Hot Springs, Ark Bank of Fairland, Ill. May 7—Citizens', Union City, Ind. May 14—Sumner national, Wellington, Kan. May 19—Citizens', Edwardsburg, Mich. May 26—National, Jefferson, Tex. May 28—Bank of New England, Manchester, N. H. June 2—Bank of Maroa, Ill. June 3—Farmers' deposit, Creighton, Mo. June 11—John A. Thompson's bank, Edinburg, Ind First national, Larned, Kan. June 16—First national, and Bank of Cheney, Cheney, Wash. June 25—Security savings, Winchester, N. H Hinsdale (N. H.) savings. July 13—People's savings, Lansing, Mich. July 16—First national, Hillsboro, O. July 23—German savings, Omaha. July 27—Farmers' bank, Rock Valley, Ia. July 29—Denison (O.) deposit. Aug. 6—American national, New Orleans Conkling Bros., Nevada (Mo.) bankers Banks at Bronaugh and Richards, Mo. Aug. 7—Lake county, East Chicago, Ind. ...Ingham county savings, Lansing, Mich. Aug. 11—Security, Duluth, Minn.; $800,000 Murray Hill, New York, $500,000. Aug. 12—Bank at National City, Col. Aug. 14—State bank, Peru, Ill. Aug. 19—Bank of Argentine, Kan. Aug. 21—Bank of Wymore, Neb. Aug. 24—Church & Son's state bank at Lowell, Mich. Aug. 28—Sioux national, Sioux City, Ia., $900,000. Sept. 1—First national, Beatrice, Neb. Sept. 2—Manufacturers' bank, West Duluth, Minn State Loan & Trust Co. bank, Ogalalla, Neb. Sept. 4—First national, Helena, Mont. Sept. 5—Jackson county, Black River Falls, Wis. Sept. 10—Mutual national, New Orleans. Sept. 11—Bank of Commerce, New Orleans. Sept. 14—Bennett national, New Whatcom, Wash. Sept. 16—Midland state, Omaha, Neb. Sept. 17—Shellsburg (Wis.) bank. Sept. 19—National, Troy, N. Y.; $449,000. Sept. 22—Pawnee (Ill.) bank. Sept. 23—Mapleton (Minn.) bank. Sept. 25—Argonia (Kan.) state bank. Sept. 26—Tribune (Kan.) bank. Oct. 5—First national, Mount Pleasant, Mich. Oct. 7—First national, Ithaca, Mich. Oct. 10—Security Trust Co., Nashua, N. H. Oct. 12—First national, Eddy, N. M. Oct. 14—Marine national, Duluth, Minn Second national, Rockford, Ill Bank of Commerce, Buffalo, N. Y. Oct. 16—Merchant's, Atlanta, Ga Bank of Pukwana, S. D. Oct. 19—Marion (O.) Deposit. Oct. 28—At Big Rapids, Mich., Mecosta savings. Nov. 5—Marine national, Duluth, Minn. Nov. 10—Iowa savings, Sioux City First national, Decorah, Ia. Nov. 14—La Harpe (Ill.) bank. Nov. 19—First national, Sioux City, Ia Sioux City, Ia. Nov. 22—First national, East Saginaw, Mich. Nov. 23—Dakota national, Sioux Falls, S. D. Nov. 24—Davis County Savings association, Gallatin, Mo. Nov. 28—Citizens' bank, Midlothian, Tex. Nov. 30—First national, Tyler, Tex Missouri national, Kansas City; $1,131,000. Dec. 1—German-American, Portage, Wis. ...Bank of Westport, Mo. Dec. 5—Baxter, of Baxter Springs, Kan. ...Henry county, at Clinton, Mo. Dec. 10—Harlan (Ia.) state Jonathan Easterly, Columbiana (O.) bankers. Dec. 11—National Bank of Commerce, Duluth, Minn First national, Niagara, N. Y. Dec. 14—First national, Hollidaysburg, Pa Banks at Martinsburg and Williams-burg, Pa. Dec. 21—National bank of Illinois, at Chicago—E. S. Dreyer & Co., Chicago, $1,200,000 Wasmansdorff, Heinemann & Co. Dec. 22—Bank of Minnesota, and Union stockyards bank, at St. Paul. Dec. 23—Bank of West Superior, Wis American Banking & Trust Co., Auburn, Me. Dec. 24—Calumet state bank, Blue Island, Ill. Dec. 26—Security Mortgage & Trust Co., Dallas, Tex.; $2,000,000—Atlas national, Chicago. Dec. 28—Bank of Superior, Wis Scandia, at Minneapolis McCoy Banking Co., Independence, Mo.

LARGER COMMERCIAL CONCERNS INVOLVING LIABILITIES OF $500,000 OR OVER.

Jan. 3—At Philadelphia, Solicitors' Loan & Trust Co. Jan. 10—At Philadelphia, Keene, Sutterlee & Co., exporters and importers, $500,000. Jan. 14—At Minneapolis, American Savings and Loan association. Jan. 23—William Foster, Jr., mining and manufacturing (office in New York), $500,000. Jan. 29—At Louisville, Belle of Nelson distillery, $709,242. Feb. 6—At New York, R. & H. Adams, cotton goods manufacturers; $500,000. Feb. 10—At Columbus, O., Northern Fuel association, $900,000. Feb. 29—Baltimore & Ohio Railroad Co. Mar. 9—At Holyoke, Mass., Albion Paper Co.; $500,000. Mar. 14—At St. Paul, Patrick H. Kelly, wholesale merchant; $1,000,000. Mar. 16—At New Haven, Conn., Peck Bros. & Co., manufacturers of plumbers' and steam fitters' materials; $650,000. Apr. 22—At Cincinnati, Smith & Nixon, piano dealers; $800,000. Apr. 23—At Little Rock, Ark., James H. Joyce & Co.; $525,000. May 1—At Detroit, J. L. Hudson & Co., clothiers; $500,000. May 5—At New York, American Trading society; $526,000. May 9—At Akron, O., Ferdinand Schumacher, president American Cereal Co., $1,500,000. May 30—At St. Louis, United Elevator Co., $2,000,000.