3754. Ballou Banking Company (Sioux City, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 6, 1895
Location
Sioux City, Iowa (42.500, -96.400)

Metadata

Model
gpt-5-mini
Short Digest
32961847

Response Measures

None

Description

Multiple contemporaneous articles (Mar 6-9, 1895) report an application for a receiver and that the company goes to the wall. A receiver (George D. Weintz) was formally appointed (court notice) on 1895-03-26 to wind up affairs. There is no mention of a depositor run prior to suspension; capital is reported lost and liabilities large. OCR errors in some articles corrected (e.g., 'Sioux' mis-OCR'd as 'Sioux'/'Sioux').

Events (2)

1. March 6, 1895 Other
Newspaper Excerpt
An application is to be made for a receiver for the Ballou Banking company. ... The officers believe it will pay all liabilities, but that the capital will be lost.
Source
newspapers
2. March 26, 1895 Receivership
Newspaper Excerpt
Notice is hereby given that the undersigned was on the 26th day of March, 1895, appointed receiver of the Ballou Banking company of Sioux City, Iowa ... GEORGE D. WEINTZ. Receiver of the Ballou Banking Company.
Source
newspapers

Newspaper Articles (10)

Article from The Madison Daily Leader, March 6, 1895

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Article Text

An Alternative Writ. Judge Russell issued an alternative writ of mandamus, requiring the defendants to appear and show cause why a peremprory writ should not be issued as asked. The only similar case recorded in the courts of the country is one in Michigan, in which the attorneys for the plaintiff state that the supreme court of that state held that the pensioner had no right to assign or otherwise dispose of his pension, and that the home had no right to take it away from him. CAPITAL WILL BE LOST. The Ballou Banking Company of Sioux City Goes to the Wall. SIOUY CITY, Ia., March 6.-An application is to be made for a receiver for the Ballou Banking company. By agreement between the representatives of the company and the creditors there will be no opposition. It is expected George H. Weintz, secretary-treasurer and manager, will be named as receiver. The company has $150,000 capital. The officers believe it will pay all liabilities, but that the capital will be lost. The total liabilities are nearly $1,000,000, mostly on good farm mortgages, Notices of suit have been filed by Receiver Tompkins of the defunct Union Stock Yards bank against all the stockholders for 75 per cent of the amount of their stock, which is needed to pay the claims against the institution. The bank's capital was $300,000.


Article from St. Paul Daily Globe, March 6, 1895

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Article Text

Two Bad Failures. SIOUX CITY, March 5.-An application is to be made for a receiver for the Ballou Banking company. By agreement between the representatives of the company and the creditors, there will be no opposition. It is expected George H. Weintz, secretary-treasurer and manager, will be named as receiver. The company has $150,000 capital. The officers believe it will pay all liabilities, but that the capital will be lost. The total liabilities are nearly $1,000,000, mostly on good farm mortgages. Notices of suit have been filed by Receiver Tompkins, of the defunct Union Stock Yards bank, against all the stockholders for 75 per cent of the amount of their stock, which is needed to pay claims against the institution. The bank's capital was $300,000.


Article from The Pioneer Press, March 7, 1895

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Article Text

UAPIL AL WILL BE LUOI. The Ballou Banking Company of Sioux City oes to the Wail. SIOUY CITY, la., March 6.-An application is to be made for a rece ver for the Ballou Banking company. By agreement between the representatives of the company and the creditors there will be no oppos t on. It is expected George H. Wemuz, secretary-treasurer and manager, will be named as receiver. The company has $150,000 capital. The officers believe it will pay all liabilities, but that the capital will be los The total liabilities are nearly $1,000,000, mostly on good farm mortgages, Notices of suit have been filed by Receiver Tompkins of the defunct Union Stock Yards bank against all the stockholders for 75 per cent of the amount of their stock, which is needed to pay the claims against the institution. The bank's capital was $300,000.


Article from The Guthrie Daily Leader, March 7, 1895

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Article Text

Another Sloux City Failure. SIOUX CITY, Ia., March π.-Application is being made for a receiver for the Ballou Banking company. It has $150,000 capital. The officers believe that it will pay all the liabilities, but that the capital will be lost. The total liabilities are nearly $1,004,000, mostly on good farm mortgages.


Article from The Worthington Advance, March 7, 1895

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Article Text

CAPITAL WILL BE LOST. The Ballou Banking Company of Sioux City Goes to the Wall. SIOUY CITY, Ia., March e.-An application is to be made for a receiver for the Ballou Banking company. By agreement between the representatives of the company and the creditors there will be no opposition. It is expected George H. Weintz, secretary-treasurer and manager, will be named as receiver. The company has $150,000 capital. The officers believe it will pay all liabilities, but that the capital will be lost. The total liabilities are nearly $1,000,000, mostly on good farm mortgages, Notices of suit have been filed by Receiver Tompkins of the defunct Union Stock Yards bank against all the stockholders for 75 per cent of the amount of their stock, which is needed to pay the claims against the institution. The bank's capital was $300,000.


Article from The Mitchell Capital, March 8, 1895

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Article Text

CAPITAL WILL BE LOST. The Ballou Banking Company of Sioux City Goes to the Wall. SIOUY CITY, Ia., March 6.-An application is to be made for a receiver for the Ballou Banking company. By agreement between the representatives of the company and the creditors there will be no opposition. It is expected George H. Weintz, secretary-treasurer and manager, will be named as receiver. The company has $150,000 capital. The officers believe it will pay all liabilities, but that the capital will be lost. The total liabilities are nearly $1,000,000, mostly on good farm mortgages, Notices of suit have been filed by Receiver Tompkins of the defunct Union Stock Yards bank against all the stockholders for 75 per cent of the amount of their stock, which is needed to pay the claims against the institution. The bank's capital was $300,000.


Article from Little Falls Weekly Transcript, March 8, 1895

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Article Text

CAPITAL WILL BE LOST. The Ballou Banking Company of Sioux City Goes to the Wall. SIOUX CITY, Ia., March 6.-An application is to be made for a receiver for the Ballou Banking company. By agreement between the representatives of the company and the creditors there will be no opposition. It is expected George H. Weintz. secretary-treasurer and manager, will be named as receiver. The company has $150,000 capital. The officers believe it will pay all liabilities, but that the capital will be lost. The total liabilities are nearly $1,000,000, mostly on good farm mortgages, Notices of suit have been filed by Receiver Tompkins of the defunct Union Stock Yards bank against all the stockholders for 75 per cent of the amount of their stock, which is needed to pay the claims against the institution. The bank's capital was $300,000.


Article from Alma Record, March 8, 1895

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Article Text

LATE NEWS. Richard O'Gorman, the Irish national1st. died at his home in New York, aged 75 years. Dun's trade review states that there is very little activity to be discovered in any line of business. Telegraph operators of New York have formed a union which is intended to be national in its scope. W.C. Coup, of circus fame, died of pneumonia in a hospital at Jacksonville, Fla. He was 62 years old. The Illinois senate has passed bills to exterminate the Russian thistle and to regulate elevated railroads. Both branches of the Michigan legislature passed a bill providing for registration in the City of Detroit. A. M. Todd, of Kalamazoo. was nominated for congress, to succeed Senator Burrows, by the prohibitionists. In the Illinois legislature a bill has been introduced calculated to suppress vile and sensational publications. General John A. McClernand is rapidly growing weaker and the aged warrior has given up hope of recovery. Wisconsin legislators have agreed to appoint a committee to investigate all of the institutions under state control. Bradstreet's financial report states that the recent bond issue has failed to arouse speculators from their lethargy. Missionaries on the coast of Labrador state that there is great suffering and starvation among the Nascapee Indians. Leaders of the American Protective Association are agitating the question of forming an independent American party. Gen. Mason Brayman, ex-governor of Idaho, one of the oldest masons in the United States, died at Kansas City, aged 81. Spokane capitalists are going into the manufacture of beet sugar with a 300ton mill and $500,000 incorporated capital. Representative planters from all over Alabama have agreed on a reduction of cotton acreage this year from 40 to 50 per cent. Bernhard Meuser, a business man of Beardstown, III., disappeared February 27, and it is feared he has met with foul play. Two hundred English iron firms have formed a combination for the purpose of controlling prices of all manufactured goods. Nine sophomores in the University of Illinois have been suspended for the term for kidnaping members of the freshmen class. Two buildings in New York City fell, causing the death of four men. Twentyone other employes were seriously injured. Friends of Frank G. Lenz, the American bicyclist who was lost in Asia Minor ten months ago, have organized a search for him. Editor Weamer, of Bristol, Ind., has brought suit for damages against three wealthy residents, alleging libel and slander. Engagement is announced of Mary Leiter, daughter of the Chicago millionaire, to G. Curzon, M. P., son of Lord Scarsdale. Creditors and officers of the Ballou Banking Company, of Sioux City, Iowa, have agreed on a receivership to wind up its affairs. Mrs. Amanda Hamilton, of Granville, Ind., aged 45, and her mother, aged 70, were shamefully beaten by a gang of white caps. General John McNulty has consented to be a candidate for department commander of the Illinois Grand Army of the Republic. The Omaha conference of western railroad officials for the purpose of re-establishing freight rates terminated without an agreement. One hundred extra police and 300 residents patrol the streets of Little Rock, Ark., nightly to prevent hold-ups, which have been frequent. The Brooklyn grand jury has returned twenty-five indictments against persons who in various ways interfered with or obstructed trolley cars during the recent strike. An epidemic of diptheretic grip is raging among the 900 convicts in the Michigan City, Ind., prison. Several hundred of the inmates have been attacked by the malady. Forty-one car loads of emigrant movables and stock from Minonk, III., and


Article from The Dickinson Press, March 9, 1895

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Article Text

Sioux City, Iowa, March 7.-George D. Weintz. secretary and manager of the Ballou Banking company, was this morning appointed receiver for the concern on application of the creditors. The company has liabilities on farm mortgages it has negotiated of about $1,000,000. and a capital stock of It is controlled in New $150,000. England.


Article from Union County Courier, October 31, 1895

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Article Text

First publication Oct. 31, Receiver's Notice. Notice is hereby given that the undersigned was on the 26th day of March, 1895, appointed recetver of the Ballou Banking company of Sloux City, Iowa, by Hon. E. G. Smith, judge of the First judicial circuit of the state of South Dakota, for the county of Union. All persons, firms or corporations having claims against said Ballou Banking company are required to present them under oath to him within three months from the date of this notice. GEORGE D. WEINTZ. Receiver of the Ballou Banking Company. 4w. Sionx City, Ia., Oct. 26, 1895.