Article Text
DCBUQUE, Iowa, January 4.-The City bank of Nora Springs, Iowa, suspended, to.day.
3656. City Bank of Nora Springs (Nora Springs, IA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- January 4, 1897
- Location
- Nora Springs, Iowa (43.143, -93.004)
Metadata
- Model
- gpt-5-mini
- Short Digest
21ac31dd
Response Measures
None
Description
Multiple contemporaneous newspaper dispatches (dated Jan 4–13, 1897) report that the City Bank of Nora Springs suspended on Jan 4, 1897. Later local reports refer to it as having failed and a stockholder committed suicide after the bank's failure, suggesting the suspension led to permanent closure. No explicit receiver or takeover is named in the provided articles, but the language indicates permanent failure rather than a temporary suspension or reopening. No run is described and no explicit cause is given in the dispatches.
Events (2)
1.
January 4, 1897
Suspension
- Cause Details
- Contemporary dispatches simply state the bank suspended on Jan. 4, 1897; no specific cause (rumor, insolvency, correspondent failure, or government action) is given in the articles.
- Newspaper Excerpt
- DUBUQUE, Iowa, January 4.-The City bank of Nora Springs, Iowa, suspended, to.day.
- Source
- newspapers
2.
February 11, 1897
Other
- Newspaper Excerpt
- W. A. LICHTENWALTER, a wealthy farmer near Mason City, Ia., committed suicide by hanging. He was a stockholder in the City bank, of Nora Springs, which recently failed and hearing that he would be financially ruined he preferred to meet death in this way. ...W. A. LICHTENWALTER, a wealthy farmer near Mason City, Ia., committed suicide by hanging. He was a stock holder in the City bank,of Nora Springs which recently failed and hearing that he would be financially ruined he preferred to meet death in this way.
- Source
- newspapers
Newspaper Articles (12)
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More Bank Failures. ST. PAUL, Minn., Jan. 4.-The Germania Bank of this city closed its doors this morning. Its capital was $400,000, with a surplus of $59,000. December 17 the loans and discounts amounted to $975,000 and its deposits to $1,091,968. The Allemania Bank, of this city, closed its doors today. Its statement on December 17 shows as follows : Loans and discounts, $706,842; cash on hand and due from other banks, $192,066; deposits, $602,305. It held on January 1 St. Paul city funds to the amount of $51,000 and State funds aggregating $35,302. DUBUQUE, lowa, Jan. 4.-The City Bank of Nora Springs, Iowa, suspend. ed to-day.
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AN IOWA BANK SUSPENDS. Dubuque, Iowa, Jan. 4.-The City Bank of Nora Springs, Iowa, suspended to-day. E. S. DREYER'S CONDITION WORSE. Chicago, Jan. 4.-The condition of E. S. Dreyer, who has been ill most of the time since the failure of his bank. changed for the worse yesterday. He was reported last night to be nearly helpless from old complications, which have been greatly aggravated by mental worry since the suspension of his banking firm.
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An Iowa Bank Suspends. Dubuque, Ia., Jan. 4.-The City Bank of Nora Springs, Ia., suspended to-day,
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ST. PAUL BANKS CLOSE. St. Paul, Jan. 4.-The Germania bank of this city closed its doors this morning. Its capital was $400,000, with a surplus of $59,000. December 17 the loans and discounts amounted to $975,000 and the deposits to $1,091,968. ANOTHER ST. PAUL BANK. St. Paul, Jan. 4.-The Allemania bank of this city has just closed its doors. The capital of the bank is $400,000. with a surplus of $59,000. Its statement December 17 showed: Loans and discounts $706,842; cash on hand and due from other banks $192.262; deposits $602,355. It held on January 1 St. Paul funds to the amount of $51,000 and state funds aggregating $35,302. AN IOWA BANK SUSPENDS. Dubuque, Ia., Jan. .-The City Bank of Nora Springs, Ia., suspended to-day.
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Telegraphic Briefs. Dubuque, Ia.-The City Bank of Nora Springs, Ia., suspended. Montreal.-Sir Joseph Hickson, ex-president of the Grand Trunk railway, died. Chicago.-L. W. Abel & Co., wholesale jewellers, failed. Liabilities and assets unknown. Devil's Lake, N. D.-The Merchants' National Bank did not open. The notice posted was: "Bank closed awaiting action of the Comptroller." Washington.-The dispatch-boat Dolphin left Washington for Jacksonville, Fla., under orders to assist in enforcing the neutrality laws. Berlin.-The Tageblatt asserts that France and Russia have agreed to intervene at Washington to prevent a breach between the United States and Spain. Madrid.-The statement recently made by the newspaper El Pais that the Japanese are assisting the rebels in the Philippine Islands with men and munitions of war is officially denied. Augusta, Ga.-L. Warner, a Hebrew merchant, while throwing water out of a third-story window, lost his balance and fell to the ground, breaking his neck. He was about 65 years of age. Paris.-Official returns from the elections which were held in France Sunday for the choice of a third of the members of the Senate, show that 69 Republicans, 13 Radicals, 3 Socialists, and 12 Reactionists were elected. Madrid.-A dispatch from Habana says it is expected that Maximo Gomez and other insurgent leaders will soon make overtures to the Spanish military authorities in Cuba with a view to securing favorable terms of surrender. Omaha, Neb.-The Wyoming State General Hospital, at Rock Springs, Wyo., was burned to the ground. The ten patients were removed, but one of them, a woman, died from fright while being taken to temporary quarters. Loss, $45,000; insurance, $15,000. Savannah. Ga.-The annual meeting of stockholders of the Augusta and Savannah railroad re-elected the following directors: J. F. Weed, Joseph F. Owens, Frank H. Miller, W. W. Thomas, F. S. Lathrop, A. R. Lawton, Jr., and H. H. Hull. New York.-The Morgan Line steamer Creole, outward bound for New Orleans, which was in collision Saturday evening with the British steamer Hindoo in the lower bay, remained anchored until 6 o'clock Monday morning, when she proceeded on her voyage. Habana.-The correspondents of the Madrid newspapers, the Imparcial, Heraldo, and Correspondencia, now in Habana, have received orders from their respective offices to proceed to the Island of Porto Rico, at the beginning of the month of March, and there await instructions. Philadelphia.-Justice Mitchell, in the Supreme Court, rendered an opinion reversing the verdict of $45,000 for libel, which was found in the Common Pleas Court against the Philadelphia Times, and in favor of ex-Mayor William B. Smith, of this city. A new trial was granted the Times. Knoxville, Tenn.-Polly Brannum, possibly the oldest woman in Tennessee, died at the advanced age of 109. She was the daughter of a Revolutionary patriot, and in her day was acquainted with Sevier, Blount, Roan, Carroll. Samuel Houston, Andrew Johnson, Jackson. Polk, and other men of national reputation.
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More Banks Close. The Citizens' National Bank of Fargo, N. D., failed Saturday last. The bank is in the hands of the national bank examiner, Its capital is $100,000. The president is H. F. Miller. Bank Examiner Angell took possession of and closed the Whitehall, Mich., State Savings Bank Saturday. The bank has made no statement. Its last report showed deposits of about $80,000; loans and discounts $92,000; stocks, bonds and mortgages, $4,500. and about $2,000 on hand. The Germania Bank of St. Paul, Minn., closed its doors Monday. Its capital was $400,000, with a surplus of $59,000. The Allemania Bank of the same city also closed its doors on Monday. Its statement on Dec. 27 showed loans and discounts $706,842, cash on hand and due from other banks $192,066, deposits $602,305. The City Bank of Nora Springs, Iowa, suspended Monday. The Savings Bank of Omaha, Neb., failed to open its doors Saturday morning and is in the hands of the State Banking Board. Frank Atkins, president of the Col orado Savings Bank, who was indicted on a charge of having received depos its when he knew the bank was insol vent, was acquitted last Saturday. Henry Durk, cashier of of the First National Bank of Niagara Falls, which recently suspended, was arraigned last Saturday before United States Commissioner Norton, of Buffalo, N.Y., on. the charge of being implicated in the failure of the bank. CHICAGO, Dec. 31-E. S. Dreyer of the banking firm of E. S. Dreyer & Co, which failed as a result of the collapse of the National Bank of Illinois, is very sick with inflammation of the kidneys, and not even the members of his family are allowed to see him. His recent financial trouble have aggravated his condition to such an extent that grave fears are entertained for his recovery. GRAND FORKS, N. D., Dec. 31.-The directors of the Second National Bank of this city today decided not to open for business. The following notice was posted: "On account of recent heavy withdrawals of deposits and the impossibility of realizing upon our assets, it has been decided by our board of directors to suspend and that the comptroller be advised of our action." It is said by the bank's officers that following the failures of the National Bank of Illinois and the Bank of Minnesota $40,000 was withdrawn from the Second National, while its deposits had amounted to only about $17,000 during the past fourteen days.
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Several Institutions Weakened by Steady Withdrawals of Deposits. Four more banks have been added to the list of those at St. Paul, Minn., whose doors have been closed since December 21. They are the Germania, the Allemania, the Minnesota State Savings and the West Side. Of this quartette the most important member is the Germania. This institution, which is a State and not a National bank, was founded in 1884. Its capital was $400,000, with a surplus of $59,000. On December 17 the loans and discounts amounted to $975,000 and the deposits to $1,091,968. The Allemania Bank, with a capital of $400,000, having a clientage similar to that of the Germania, closed its doors also soon after the other bank had announced its assignment. The Allemania Bank was organized last year, being the successor of the Commercial Bank. The West Side Bank of St. Paul cleared through the Allemania Bank, and the latter failure compelled it to close. It is a small concern. There was a heavy run on the Minnesota Savings Bank, which is intimately connected with the Germania Bank. As a result of the run the Minnesota Savings Bank has taken advantage of the sixty-day notice. The Germania, the Allemania and the West Side banks all did business as State banks. Every one of them was literally pulled down by the depositors The Citizens' National Bank of Fargo, North Dakota, is in the hands of the National Bank Examiner. Its capital is $100,000. The City Bank of Nora Springs, Iowa, has suspended.
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THREE BANKS CARRIED DOWN. Deposito # Force the Closing of Three St. Paul Institutions. The Gormania, the Allemania and West Side banks, of St. Paul, all State banks, closed their doors Monday. The failure of the Bank of Minnesota December 22, caused unrest, and depositors withdrew their money from the three banks named to such an extent that they were forced to the wall because they had not funds enough to meet the demands. Each of the the three, however, is solvent, and all will reorganize. The Germania is in the hands of P. M. Kerst, as assignee, and the other two are in the hands of Bank Examiner Kenyon. The closing of the Germania was in pursuance of the action of the directors on Saturday night, who concluded to protect their depositors by suspending. President Willins prepared a statement in which he attributed the suspension partly to the circulation of false reports concerning the bank by people who are "a veritable pest and deserve the contempt of the community." The bank had paid out nearly $225,000 in nine days preceding Saturday. and although it had still on hand over $100,000, the directors concluded it was wisest to suspend. The Allemania closed with a crowd of depositors clamoring at the paying teller's window for their money. President Scheffer said the failure was due to the large number of withdrawais, and the fact that most of the depositers withheld their deposits. The suspension of the Germania caused the depositors to come down like a herd of wolves. The West Side bank cleared through the Allemania, and fol owed it into colapse. Public funds were on deposit in all three of the closed banks. The State has $10,546 in the Germania, $35,302 in the Allemania, and $3,646 in the West Side bank. The county treasurer had deposited $9,935 in the Germania, $26,215 in the Allemania, and $7,564 in the West Side bank. City Treasurer Horst had on deposit city funds in the Germania to the amount of $49,193; in the Allemania $151456, and in the West Side bank $21,894. There was a considerable run on the three savings banks. but all gave depositors notice that they must give 60 days' notice before withdrawing funds. The City bank of Nora Springs, Ia., suspended. The United States court appointed William F. Fuller, of Hartford, Conn., receiver of the Iowa Mortgage company, which negotiates loans and securities and guarantees payment. The Merchants' National bank, of Devil's Lake, N. D., did not open its doors Monday morning. A number of depositors withdrew their deposits Saturday. The last statement showed: Deposits. $47,000; bills payable, $7,500; discounts, stocks and securities, $55,000; cash, $12,500.
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Several Institutions Weakened by Steady Withdrawals of Deposits. Four more banks have been added to the list of those at St. Paul, Minn., whose doors have been closed since December 21. They are the Germania, the Allemania, the Minnesota State Savings and the West Side. Of this quartette the most important member is the Germania. This institution, which is a State and not a National bank, was founded in 1884. Its capital was $400,00C, with a surplus of $59,000. On December 17 the loans and discounts amounted to $975,000 and the deposits to $1,091,968. The Allemania Bank, with a capital of $400,000, having a clientage similar to that of the Germania, closed its doors also soon after the other bank had announced its assignment. The Allemania Bank was organized last year, being the successor of the Commercial Bank. The West Side Bank of St. Paul cleared through the Allemania Bank, and the latter failure compelled it to close. It is a small concern. There was a heavy run on the Minnesota Savings Bank, which is intimately connected with the Germania Bank. As a result of the run the Minnesota Savings Bank has taken advantage of the sixty-day notice. The Germania, the Allemania and the West Side banks all did business as State banks. Every one of them was literally pulled down by the depositors The Citizens' National Bank of Fargo. North Dakota, is in the hands of the National Bank Examiner. Its capital is 100,000. The City Bank of Nora Springs, Iowa, has suspended.
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TWO freight trains collided on the Illinois Central railroad, near Tolono, Ill., during a dense fog on the 6th. Both engines, five car loads of merchandise and three box cars were demolished. In one car were 30 head of horses and they were all killed. The trainmen jumped in time to save themselves. Two sections of a freight train collided on the B. & O., near Davisville, W. Va., and Engineer Richardson was killed, Fireman Hughill fatally injured and two brakemen badly hurt. TEMPLE HOUSTON, of Woodward, Ok., son of Col. Sam Houston, has been invited by the state of Tennessee to deliver the centennial address at the opening of the exposition at Nashville on May 1. AT the world's skating championship races at Montreal, Can., on the 6th the result showed that J. Nillssen, of Minneapolis, Minn., is the professional champion skater of the world and J. K. McCulloch, of Winnipeg, Man., is the amateur champion. THE 100-mile bicycle race at Cleveland, O., between Louis Gimm and Teddy Hale was won by Gimm by about 15 feet, the time being 5 hours and 15 seconds. Gov. BRADLEY recently ordered out 50 members of the state militia to prevent the lynching of a negro prisoner named Black at Lebanon, Ky. W. A. LICHTENWALTER, a wealthy farmer near Mason City, Ia., committed suicide by hanging. He was a stockholder in the City bank, of Nora Springs, which recently failed and hearing that he would be financially ruined he preferred to meet death in this way. A RELIEF committee which has just inspected some parishes near Shreveport, La., reported that 30,000 people were starving to death and would have to be sustained during the unfruitful season. The state has already expended $65,000 for provisions for the sufferers. THE Northwestern national bank of Great Falls, Mont., on the 5th posted a notice announcing its suspension. The board of directors and officers charge that the trouble is due to a defalcation on the part of the cashier, Benton D. Hatcher, of $180,000. A REPORT was received at Vienna on the 5th of the massacre of 1,500 Christians in the villages of the islands of Crete by Turkish troops. THE number of failures in the United States for the week ended the 5th were 305, according to Bradstreet's report, as compared with 326 the previous week and 338 in the corresponding week of last year. THE Connecticut legislature voted down a resolution calling upon congress to recognize the independence of the Cuban republic. AN unconfirmed report reached Guthrie, Ok., on the 4th that the Sac and Fox Indian agency had been raided by outlaws, resulting in the killing of three men and the wounding of the agent, Gen. Thomas. The telephone wires were cut. A payment of $26,000 was in progress at the agency. CHARGES have been preferred against Agent Pearson, who has charge of the Pottawatomie Indians in Kansas. Itis said that he has been remarkably derelict and that the law has been frequently violated on the reservation under his charge. THE Oklahoma house passed the marriage contract bill. It prohibits the intermarriage of whites and negroes or Indians, and especially prohibits that no man shall marry his own mother-in-law. REV. DR. JOHN A. BROOKS, a wellknown divine of the Christian church and prohibitionist candidate for the vice presidency in 1888, died at Memphis, Tenn., on the 3d of heart failure superinduced by paralysis. THE British steamer Jason, which arrived at New York from Jamaica, picked up the crew of ten men of the sinking schooner Mary Sprague near Crooked island passage and brought them to New York. WHILE exercising on the rings in the gymnasium of the Twelfth regiment armory at New York Robert Marmont fell to the floor and was killed instantly. The distance was only six feet, but his neck was broken. THE recent wreck of the Great Northern passenger train near Wenatchee, Wash., came near being one of the most disastrous of railroad casualties. A tourist car containing 32 persons, including 11 babes, caught fire. The car was hurled into an embankment of snow. It was only after the greatest exertions that the inmates liberated themselves by breaking the windows. JOSEPH L. RAWLINS was elected at Salt Lake City on the 3d on the 53d ballot as United States Senator for
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GEORGE DAVIES, a commission mer chant at Cleveland, O., was shot and instantly killed by his wife on the 9th after a quarrel. NEAR Abingdon, Va., two brothers named Taylor shot and dangerously wounded young Carswell and the two Taylors were in turn fatally wounded by Carswell's father. The quarrel was over 35 cents. THE steamer Angloman, from Boston for Liverpool, was reported ashore on the Skerries, off the coast of Ireland. All her passengers were safely landed. The steamer had a cargo valued at $400,000, which will probably be lost, but it was fully insured. THE lower house of the Nebraska legislature killed the bill providing for a constitutional amendment for woman suffrage by a vote of 56 to 36. I BY the negligence of a switchtender the Union Pacific flyer was derailed in the yards at Omaha, Neb., on the 9th and Engineer Van Noy was picked up unconscious and taken to the hospital and Fireman Krause was caught under the overturned engine and scalded to death. AN open letter to the women of the United States, urging them to use all means in their power to further the passage of the arbitration treaty with Great Britain, has been issued from New York. It is signed by a number of well known women. THE boiler of the county jail at Frankfort, Ky., exploded on the 9th, utterly wrecking the jail office. Several men were injured and three may die. Two masked robbers held up the Santa Fe westbound train near Peach Springs, Ariz. After uncoupling the mail and express cars the engineer was ordered to take them up the road a bit. It was then stopped and they ordered the door of the mail car opened. The clerk opened it and shot one of the robbers dead and the other robber grabbed a bundle of registered letters and made good his escape. THE shops of the Louisville, Evansville & St. Louis railway in Princeton, Ind., were destroyed by fire on the 8th. Loss, $75,000 to $100,000. PATRICK K. BRENNAN, aged 60 years, was found dead from starvation in his home near Yardley, N. J., on the 8th. Sitting beside his body was his aged and insane wife, who was dying from the same cause. THE 25-round bout between George Lavigne, the lightweight champion, and "Kid" McPartland at New York on the 8th resulted in favor of the for mer, although McPartland made a won derful showing. EMANUEL LOWENSTEIN. manager of the Interstate Live Stock Commission Co., of Kansas City, was found dead in his room at a New York hotel on the 8th from the effects of escaping illuminating gas. It was believed his death was the result of accident. Two freight trains collided on the Illinois Central railroad, near Tolono Ill., during a dense fog on the 6th Both engines, five car loads of mer chandise and three box cars were de molished. In one car were 30 head o: horses and they were all killed. The trainmen jumped in time to save them selves. THE cowboys at Shelby Junction Mont., terrorized the members of the Columbia Opera company which arrived there on the 7th. For three hours the cowboys fought with the men, insulted the women and fired off their revolvers TEMPLE HOUSTON, of Woodward, Ok. son of Col. Sam Houston, has been in vited by the state of Tennessee to de liver the centennial address at the opening of the exposition at Nashville on May 1. AT the world's skating championship races at Montreal, Can., on the 6th the result showed that J. Nillssen, of Min neapolis, Minn., is the professiona champion skater of the world and J. K McCulloch, of Winnipeg, Man., is the amateur champion. W. A. LICHTENWALTER, a wealthy farmer near Mason City, Ia., committed suicide by hanging. He was a stock holder in the City bank,of Nora Springs which recently failed and hearing tha he would be financially ruined he pre ferred to meet death in this way. THE Northwestern national bank o Great Falls, Mont., on the 5th posted notice announcing its suspension The board of directors and officer charge that the trouble is due to : defalcation on the part of the cashier Benton D. Hatcher, of $180,000. THE number of failures in the United States for the week ended the 5th were 305, according to Bradstreet's report as compared with 326 the previous week and 338 in the corresponding week of last year. JUSTICE RICHARDSON at Chicago or the 5th held Wong Chin Foo, editor o the Chinese Daily News and presiden of the League of Americanized China men, to the criminal court on the charge of being the keeper of a gam bling house.