Article Text
SHELDON, IOWA.-R. W. Ady, receiver of the Sheldon bank, has just paid the first dividend to creditors. It consists of 43 per cent. The bank failed Nov. 4 1903.
3734. Sheldon Bank (Sheldon, IA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- November 4, 1903
- Location
- Sheldon, Iowa (43.181, -95.856)
Metadata
- Model
- gpt-5-mini
- Short Digest
57fbb18a
Response Measures
None
Description
Article reports the bank failed on Nov 4, 1903 and a receiver (R. W. Ady) paid a first dividend (43%) by 1906-05-14. No mention of a depositor run; failure led to receivership and permanent closure.
Events (3)
1.
November 4, 1903
Receivership
- Newspaper Excerpt
- R. W. Ady, receiver of the Sheldon bank, has just paid the first dividend to creditors. It consists of 43 per cent. The bank failed Nov. 4 1903.
- Source
- newspapers
2.
November 4, 1903
Suspension
- Cause Details
- Article only states the bank failed; no cause given in text.
- Newspaper Excerpt
- The bank failed Nov. 4 1903.
- Source
- newspapers
3.
May 14, 1906
Other
- Newspaper Excerpt
- R. W. Ady, receiver of the Sheldon bank, has just paid the first dividend to creditors. It consists of 43 per cent.
- Source
- newspapers
Newspaper Articles (1)
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