First National Bank (Granville, OH)

Episode Information

Episode Type
Suspension β†’ Closure
Start Date
January 27, 1879
Location
Granville, Ohio (40.068, -82.520)
Bank Type
national
Charter Number
388

Metadata

Notes

Contemporary reports state depositors will be paid in full and stockholders/paper holders are losers; no reopening reported.

Events (3)

1. April 18, 1864 Chartered
Source
historical_nic
2. January 14, 1879 Voluntary Liquidation
Source
historical_nic
3. January 27, 1879 Suspension
Cause Details
Suspension attributed to lack of business and excessive tax burden in local reports.
Newspaper Excerpt
The First National Bank of Granville, Ohio, has suspended. Depositors will be paid in full.
Source
newspapers

Newspaper Articles (10)

Article from Daily Press and Dakotaian, January 27, 1879

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BANK SUSPENDED

Cincinnati, Jan. 27.-The first national bank of Grandville, Ohio. has suspended DΓ©positors will be paid in full. The stockholders will be the only losers. ROW AMONGST PREACHERS. New York, Jan. 27.-The Baptist minister had a stormy meeting to-day, owing to the interpolation of words in the minutes by the clerk, Dr. Fulton, using language which the moderator pronounced unbecoming personalities, and refusing to take his seat. A motion was made to suspend him from membership. He then again attempted to address the body, but calls for the question drowned his voice. He then retired and was subsequently suspended,


Article from Public Ledger, January 27, 1879

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Bank Failures

CINCINNATI, January 27. - The First National Bank, of Granville, Ohio, has suspended. Depositors will be paid in full. Holders of the bank's paper will be the losers. BOSTON, January 27.-It is stated that the Needham Savings Bank will be closed, owing to the lack of business.


Article from The Rock Island Argus, January 27, 1879

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Two More Banks Suspended

BOSTON, Jan. 27.-It is stated that the Needham Savings bank has closed, owing to lack of business. CINCINNATI, Jan. 27.-The First National bank of Granville, Ohio, has suspended. The depositors will be paid in full, and the stock holders will be the only losers.


Article from The Portland Daily Press, January 28, 1879

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MINOR TELEGRAMS The Fis k House at Nicholson, Pa., is burned. Loss $8,000. Four masked burglars robbed John Ryan's house and grocery Sunday morning in Guttenburg, N. J., of money and groceries to the amount of $3000. The First National Bank at Granville, o,, has suspended. Depositors are paid in full. Dave Anderson, a negro, intally cut J. Wood, a white man, in a dispute over a ten cent piece at Louisville, Sunday, while gambling. Thomas Lynch, a deranged old man, was frozen to death at Brinton, Range, N. J., Sunday. The Supreme Court at Indianapolis has granted Louis Gueting, a murderer sentenced to be hanged the 29th, a new trial. A Washington special says that the investigating committees refuse to sign the report, charging expublic printer Defrees with dishonesty. A letter from Dublin states tbat while in Ireland Gen. Grant was constantly shadowed by a Dublin detective who expected to discover evidence that Grant was the Fenian head-centre of the United States. A Baltimore despatch says that Boston capitalists are examining terminal faci-ities of New York with a view to establishing a first class line of steamers to Liverpool. The building occupied by Wayne, furniture dealer and Herancourt & Beiler undertakers at Dubuque, Iowa, is burned. Loss $25,000. The woolen mill of Rowstzer, at South Coventry, burned last night was a large frame building filled with machinery, and employed 100 hands. Loss heavy but unknown.


Article from Daily Kennebec Journal, January 28, 1879

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оню. Suspension. CINCINNATI, January 27. The First National Bank of Granville, Ohio, is suspended. Depositors will be paid in full.


Article from The Wheeling Daily Intelligencer, January 28, 1879

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CLOSED FOR WANT OF BUSINESS

Boston, January 27.-Itis said the Needham Savings Bank will be closed owing to a lack of business. BANK SUSPENSION. CINCINNATI, January 27.-The First National Bank of Grantville, Ohio, suspended. The depositors will be paid in fu.l. The losers. holders of the bank's paper will be the


Article from Fayette County Herald, January 30, 1879

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THE first National Bank of Granville, in this State, has suspended payments. The depositors will get their money. Too much taxes to pay is said to be the cause.


Article from Evening Star, January 31, 1879

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Beware of motto lozenges

Several Birmingham (Ct.) factory girls have been poisoned by them. The First National Rank of Granville. Ohio, has suspended. The depositors will be paid losers. in full. Holders of the bank's paper will be The prohibitionists of Ohio will hold a convention for the nomination of candidates for 20. state officers in Columbus on Thursday, Feb. Gov. Pillsbury, of Minnesota, is candidate for a third term, his friends say, at their earnest request and at a heavy sacrifice to his private interests. It is said the Manufacturers' Gas Company of Fall River, Mass., of which Charles P. Stickney bankruptcy. was treasurer, have decided to go into It is estimated that 20,000 emigrants will reach this country within a few months. All the steamship companies report a large increase in the number of prepaid passage tickets. In a fight at McBean station. Georgia, Monday, between M. H. and D. H. Nixon. brothers, the latter was shot and killed. The difficulty grew out of a horse trade. Mr. Billy Monahan, of Decatur, Ill., staggered into a temperance meeting and with tears in his eyes took the pledge; then, in his rapture, hauled out a little black flask and took a drink to the success of the Murphy movement. Col. Thompson of the Savannah News, author of "Major Jones's Courtship," and other humorous sketches of Southern life, is the most prominent candidate for Congress, vice Julian Hartridge, dead. By resolution of the common council, all liquor-dealers of Racine, Wis., have been prohibited from giving, selling or permitting to be given or sold liquor to James Freeman, once a leading lawyer of the state but for for some years hopelessly addicted to drink. Eggs forty cents a dozen! Are hens aware that the war ended fifteen years ago, and that the government resumed specie payments on Jan. 1? Farmers should acquaint their poultry with these facts.-[Norristown Herald. At Joliet, Ill., one day last week, the 2,500 children attending the schools. and their teachers, were taken out for a sleigh-ride in nearly 400 sleighs and cutters, headed by a band of music, fifteen barrels of apples being distributed to them at the review ing point. A remarkable cure is reported from Austin, Tex., of a man who had long been an object of pity because of his weak lungs, from which he spat up blood freely. The city marshal put him into the chain gang, having relieved him of a package of brickdust, and the sufferer has entirely recovered.


Article from The Spirit of Democracy, February 4, 1879

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Bank Embarrassments

O&WEGO, January 27 -The National Marine Bank is to be closed. CINCINNATI January 27.-The First National Bank of G:anville, Obio, has suspended. BOSTON, January 27 -It is said the Needham Savings Bank will be closed. Resumption don't appear 10 be benefitting banks very mueh.


Article from The Jasper Weekly Courier, February 7, 1879

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where diphtheria was, and that boys and girls be kept off the streets. G. M. Nelson, who has held the office of County Treasurer of Fayette County, Ind., for two terms, enjoying the contidence and respect of all, has been arrested, charged with embezzling $90,000 of the county funds. Charles Etheridge, the St. Paul (Minn.) defaulter who made off with some $50,000 in October, has not yet been found by the detectives, but has returned, through a friend, $36,500 to the bank he defrauded, having before paid over $4,600, besides private debts of $2,000. The California Constitutional Convention has rejected all the propositions to extend the elective franchise to women. The First National Bank of Granville, o., has suspended. The depositors will be paid in full, and the holders of the bank's paper will be losers. A hurricane occurred at Lockhart, Texas, on the 26th, blowing down 30 or 40 buildings, including one hotel and the Presbyterian Church. The Court-house, Masonie Hall and Methodist Church were also damaged. A little child of citizen Woodruff was killed, and many persons severely hurt, but not fatally.