Lincoln National Bank (Chicago, IL)

View Charter #3647 on SPMC View balance sheet

Episode Information

Episode UID
364701284
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
36470 national
Charter Number
3647
Start Date
December 17, 1906
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5482daeca3752ead

Response Measures

None

Description

Receiver appointed after a bankruptcy petition against the bank owner; no run reported.

Events (3)
1. March 12, 1887 Chartered
Source
historical_nic
2. July 30, 1900 Voluntary Liquidation
Source
historical_nic
3. December 17, 1906 Receivership
Newspaper Excerpt
The Lincoln National bank of Norton Park, a suburb, was placed in the hands of a receiver today. This followed the filing of a petition in bankruptcy directed against W. J. Atkinson, the owner of the bank.
Source
newspapers

Newspaper Articles (8)
1. December 23, 1896 The News & Observer Raleigh, NC
Article from The News & Observer, December 23, 1896

Click image to open full size in new tab

Article Text

STOCKS. To-day's stock market was a small, narrow and sensitive affair, showing no decided tendency in either direction, with the business almost wholly local and largely of a professional character. During the first hour's business prices were sustained at about last night's range on some bull movement in Sugar, Chicago Gas andBurlington, but as this demand soon subsided, and it was seen that commission business was practically dull, with no substantial support from the large outside moneyed interests, the bear traders resumed their raiding tactics. Covering shorts later by smaller dealers, and the declaration of the Vanderbilt regular dividends on Lake Shore, New York Central and Michigan Central led to a slight rally toward noon, but the market again eased off upon the Canada Southern dividend being reduced from 11/4 to 1 per cent. Less favorable Chicago advices, with all the savings banks there compelled to fall on the sixty days' notice rule to all depositors desirous of drawing more than $100, on account of small runs on all of them from yesterday's bank troubles, and on the failure this morning of the bank of Minnesota at St. Paul, which was the largest and the oldest bank there. The whole list receded under renewed liquidation and short selling, and closed irregular and heavy with a decline extending 1 to 2 per cent. ,with the latter in Manhattan, C. S., J. C. and D. H., Manhattan's weakness was due to renewed liquidation and bear pressure, C. S., on reduced dividend, C. H., on liquidation of rumors of an impending reduction in its annual dividend from 7to 6 per cent. C. J. declined 1½ per cent, in sympathy with the weak D. H., and Readi g one per cent. The Grangers were affected by Chicago liquidation on the nervousness there, and at St. Paul, over the financial situation. Tobacco was manipulated, and advanced 2 per cent., by brokers who usually act for insiders. Nothing was done on the Cuban resolutions in the Senate, which adjourned over until January 5th, when the debate on the question will be resumed. E B CUTHBERT & CO

2. January 4, 1897 The Atlanta Constitution Atlanta, GA
Article from The Atlanta Constitution, January 4, 1897

Click image to open full size in new tab

Article Text

ASKING THE EAST TO HELP THEM Chicago Banks Call for Money to Tide Them Ove the Trouble. Washington, January 3.-(Special.)-The situation relative to the banks in Chicago and other of the western cities is being considered by Comptroller Eckels and others of the treasury department. The condition of western banks is far more serious than is generally imagined by the public. The recent failures in Chicago and St. Paul have, according to the treasury authority, placed western finances in a tottering condition. For the past three days the Chicago banks have been telegraphing to New York, Philadelphia, Baltimore and Washington banks for assistance. So far it is not believed by the treasury officials that satisfactory responses have been made in the east, therefore greater trouble is feared, and unless all the western banks go to each other's support it is argued there may be a general western bank panic. Comptroller Eckels said tonight that he had no fear of the southern banks, as few, If any, had any great interchange of business with the Chicago concerns, but the seat of apprehension lay exclusively at Chicago and points west of there. Mr. Eckels is, in truth, apprehensive, and while doing all within his power to avert a break in the west, he is not without fear that

3. December 18, 1906 The Bemidji Daily Pioneer Bemidji, MN
Article from The Bemidji Daily Pioneer, December 18, 1906

Click image to open full size in new tab

Article Text

BRIEF BITS OF NEWS. (The Swedish government has ratified the Algeciras convention. The senate has agreed to the holiday adjournment resolution, which provides that if adjournment is had next Thursday it shall be until Jan. 3 next. Judge Landis, in the United States district court at Chicago, appointed the American Trust and Savings bank of that city receiver for the Lincoln National bank of Norton Park, a suburb. George Boote, for many years one of San Francisco's most prominent shipowners and shipbuilders, is dead after a short illness resulting from a fall from a street car six weeks ago. He was eighty-four years of age.

4. December 20, 1906 Courier Democrat Langdon, ND
Article from Courier Democrat, December 20, 1906

Click image to open full size in new tab

Article Text

Tuesday, Dec. 18. The senate has agreed to the holiday adjournment resolution, which provides that if adjournment is had next Thursday it shall be until Jan. 3 next. Judge Landis, in the United States district court at Chicago, appointed the American Trust and Savings bank of that city receiver for the Lincoln National bank of Norton Park, a suburb. George Boote, for many years one of San Francisco's most prominent shipowners and shipbuilders, Is dead after a short illness resulting from a fall from a street car six weeks ago. He was eighty-four years of age. The Mexican government has assented to the proposition of the state department that United States engineer officers shall enter Mexico to close the breach In the walls of the Imperial canal which is causing the formation of the Salton sea.

5. December 20, 1906 The Manitowoc Pilot Manitowoc, WI
Article from The Manitowoc Pilot, December 20, 1906

Click image to open full size in new tab

Article Text

SAVINGS ARE IN CRASH. Lincoln National Bank of Norton Park, III., Forced to Wall-Owner's Finances Cause. CHICAGO, Ill., Dec. 17.-The Lincoln National bank of Norton Park, a suburb. was placed in the hands of a receiver today. This followed the filing of a petition in bankruptcy directed against W. J. Atkinson, the owner of the bank. The institution paid four per cent. on savings accounts, and carried deposits of about $90,000.

6. December 21, 1906 The Worthington Advance Worthington, MN
Article from The Worthington Advance, December 21, 1906

Click image to open full size in new tab

Article Text

Tuesday, Dec. 18. The senate has agreed to the holiday adjournment resolution, which provides that if adjournment is had next Thursday it shall be until Jan. 3 next. Judge Landis, in the United States district court at Chicago, appointed the American Trust and Savings bank of that city receiver for the Lincoln National bank of Norton Park, a suburb. George Boote, for many years one of San Francisco's most prominent shipowners and shipbuilders, is dead after a short illness resulting from a fall from a street car six weeks ago. He was eighty-four years of age. The Mexican government has assented to the proposition of the state department that United States engineer officers shall enter Mexico to close the breach in the walls of the Imperial canal which is causing the formation of the Salton sea.

7. December 21, 1906 Little Falls Herald Little Falls, MN
Article from Little Falls Herald, December 21, 1906

Click image to open full size in new tab

Article Text

Tuesday, Dec. 18. The senate has agreed to the holiday adjournment resolution, which provides that if adjournment is had next Thursday it shall be until Jan. 3 next. Judge Landis, in the United States district court at Chicago, appointed the American Trust and Savings bank of that city receiver for the Lincoln National bank of Norton Park, a suburb. George Boote, for many years one of San Francisco's most prominent shipowners and shipbuilders, is dead after a short illness resulting from a fall from a street car six weeks ago. He was eighty-four years of age. The Mexican government has assented to the proposition of the state department that United States engineer officers shall enter Mexico to close the breach in the walls of the Imperial canal which is causing the formation of the Salton sea.

8. December 21, 1906 Watertown Weekly Leader Watertown, WI
Article from Watertown Weekly Leader, December 21, 1906

Click image to open full size in new tab

Article Text

SAVINGS ARE IN CRASH. Lincoln National Bank of Norton Park, Ill., Forced to Wall-Owner's Finances Cause. CHICAGO, Ill., Dec. 17.-The Lincoln National bank of Norton Park, a suburb, was placed in the hands of a receíver today. This followed the filing of a petition in bankruptcy directed against W. J. Atkinson, the owner of the bank. The institution paid four per cent. on savings accounts, and carried deposits of about $90,000.