Article Text
Small Bank Failure. Ottumwa, March 6.-The South Ottumwa bank suspended today. Assets $23,000, liabilities $17,000.
South Ottumwa Bank (Ottumwa, IA)
Episode Information
- Episode UID
3900589691167- Episode Type
- Suspension → Closure
- Bank Type
- private
- Bank ID
-
390058969hash - Start Date
- March 6, 1897
- Location
- Ottumwa, Iowa (41.020, -92.411)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
47755afb1f590689
Response Measures
None
Description
Multiple contemporaneous reports state the bank suspended/closed its doors but no receiver or reopening is mentioned.
Events (1)
1.
March 6, 1897
Suspension
- Cause Details
- No cause given in articles; simply reported to have suspended/closed (small private bank).
- Newspaper Excerpt
- The South Ottumwa bank suspended today. The institution is small; assets $23,000; liabilities $17,000. Officers say the depositors will be paid in full.
- Source
- newspapers
Newspaper Articles (7)
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Article Text
A Bank Suspends. OTTUMWA, lowa, March 6.-The South Ottumwa bank suspended, today. The institution is small; assets, $23,000. The officers say the depositors will be paid in full.
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Article Text
Bank Failure. OTTUMWA, Ia., March 6.-The South Ottumwa bank suspended today. The institution is small. Assetsat $23,000. Officers say depositors will be paid in full.
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Article Text
"Rah For McKinley." Ottumwa, Ia., March 6.-The South Ottumwa bank suspended today. The institution is small. Assets, $23,000. Officers say the depositors will be paid in full.
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ABBREVIATED TELEGRAMS. Desbecker & Co., clothiers, and Desbecker Bros., engaged in the same business, Buffalo, are in financial trouble. The steamer Cambrian, long overdue, has been towed into St. Michael's Azores. All well. Eugene DebsisatLeadville Colo., in conference with the leaders of the Miners' union in an effort to have the strike declared off. The South Ottumwa, Ia.. bank, a small private institution. has closed its doors. Assets, $23,000; liabilities, $17,000. Depositors will be paid in full. The People's Railway company, of St. Louis, has gone into the hands of a receiver. The Lowell, Mass., Carpet company's mills, one of the largest in the country, shut down today for one week, owing to the light demand for carpets. A young man, giving his name as August Gibbs, of Monee, Ills., jumped from a train near Pomeroy, 1a., with suicidal intention. He then slashed his throat and wrist with his pocket knife. He wlil probable recover. Mrs. Maggie Kennedy, aged 40, eommitted suicide at Milwaukee by saturating her clothing with kerosene, and setting fire to it. The Grand Army of the Republic posts scoring ex-Secretary Francis, of the interior department for abclishing the pension office at Milwaukee. A. M. Hathereil, principal of the Read district shool, Oshkosh, Wis., was convicted of assault and battery in the municipal court and fined $1 and costs. He had whipped a pupil. Isaac D. Walker, aged 50, junior member of the law firm of Crea, Ewing & Walker, died Saturday. In November last Charles A. Ewing died, and Hugh Crea, the surviving member of the firm, is hopeless of life in a Chicago hospital. William Barrett Ridgley, the son-inlaw of Senator Cullom, will be the new postmaster at Springfield, Ills., so it is said.
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FINANCE AND TRADE. The prospects for a large crop of grain in South Dakota have never been more promising than they are for the coming year. A substitute for rubber is said to have been found in California. It is the sap from a tree, but not the Caouchouc tree. The South Ottumwa (Ia.) bank, a small private institution, has failed. Assets $23,000; liabilities $17,000. Depositors will be paid. Herman Brockman has been appointed receiver of the Consolidated Building and Savings company of Cincinnati. The shareholders are mostly street railway employes. The directors of the Madison Square Garden company have decided to sell the garden property, which has not paid expenses for years. The building and grounds cost $4,000,000.
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MINOR NEWS ITEMS. For the Week Ending March 10. The Lexington savings bank of Baltimore elosed its doors. The Consolidated Building & Saving company In Cincinnati failed for $230,000. The legislature of Indiana adjourned sine die, after having been in session 61 days. Anderson & Co.'s private bank at Pleasant Plains, III., was gutted by burglars. Jelenke Bros. & Loeb, the largest department store in Charleston, W. Va., failed for $100,000. The will of the late Cornelia V. R. Thayer, of Laneaster, Miss., bequeaths $200,000 to charity. The Park theater, the popular-price playhouse in Indianapolis, was burned, the loss being $100,000. Clara Rawson Jaccard died of starvation in New York. In two months she would have inherited $21,000. President McKinley's first official act was to sign the commission of John Sherman as secretary of state. The South Ottumwa (la.) bank, a small private institution, closed its doors with liabilities of $17,000. The entire village of West Boylston, Mass., is to be destroyed to make way for new waterworks for Boston. The German-American bank at Tonawanda, N. Y., which suspended about ten days ago, has resumed business. John M. Dandy, one of Chieago's oldest newspaper men, died of pneumonia in Los Angeles, Cal., aged 44 years. Robert G. Blaine, a brother of the late James G. Blaine, died at his residence in Washington, aged 65 years. At Louisville, Ky., the Germania Safeby Vault & Trust company made an assignment with liabilities of $271,000. One of the bunkhouses at the Daly mines near Park City, Utah, was swept away by an avalanche and four men were killed. A block of business buildings was burned at Worcester, Mass., the loss being $400,000, and eight firemen were badly injured. The Missouri legislature has passed a bill which prohibits bookmaking and poolselling, except by a license from the state auditor. A family by the name of Wilson was drowned in Richland creek near Washington, Ind., while trying to escape from a flooded house. J. Walter Blandford, who has been private secretary to Secretary Olney, has been selected to act in a similar capacity to Attorney-General McKenna. A dispatch from Rio Janeiro says that an outbreak occurred in Babia in which a colonel, 200 soldiers and three civil officials were killed by a band of fanatics. It is said that the amount of money involved in the inaccuracies of the books of the Brotherhood of Locomotive Firemen while Eugene V. Debs was grand secretary and treasurer is $57,000.