gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d8f9bc839bc29fab
Response Measures
Accommodated withdrawals, Capital injected, Full suspension, Books examined
Receivership Details
Depositor recovery rate
100.0%
Date receivership started
1905-06-28
Date receivership terminated
1909-06-02
OCC cause of failure
Fraud
Share of assets assessed as good
76.0%
Share of assets assessed as doubtful
18.0%
Share of assets assessed as worthless
6.1%
Description
Failure precipitated by cashier's large shortage/embezzlement revealed in late June 1905.
Events (6)
1.October 8, 1888Chartered
Source
historical_nic
2.June 26, 1905Run
Cause
Bank Specific Adverse Info
Cause Details
Discovery/resignation of cashier Conzman(Conzmanthes) and an initial reported shortage (~$16,000) that triggered panic withdrawals.
Measures
Bank met demands initially; directors later convened but run continued, precipitating closure.
Newspaper Excerpt
Later a run upon the bank was started, but all demands for deposits were promptly met.
Source
newspapers
3.June 28, 1905Receivership
Source
historical_nic
4.June 28, 1905Suspension
Cause
Bank Specific Adverse Info
Cause Details
Run caused by discovered cashier shortage/defalcation led directors to close the bank and suspend payments.
Newspaper Excerpt
The Vigo County National bank ... closed its doors this morning. The national bank examiner is investigating.
Source
newspapers
5.June 29, 1905Receivership
Newspaper Excerpt
The controller of the currency has appointed W. D. Frazer receiver of the Vigo County National Bank of Terre Haute, Ind., which has closed its doors.
Source
newspapers
6.July 18, 1905Other
Newspaper Excerpt
Gus A. Conzman, the defaulting cashier of the defunct Vigo County National Bank, was arrested ... the defalcation is nearly $200,000.
Source
newspapers
Newspaper Articles (24)
1.June 27, 1905The San Francisco CallSan Francisco, CA
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Knight, Donnelly. & Co. Forced Into Bankruptcy. Closing Grain Prices Show Net Liabilities of $150,000. Belief That the Collapse Will Not Seriously Affect the Stock Markets. CHICAGO. June 26.-Knight, Donnelly & Co., one of the most widely known grain and stock brokerage firms in the West and of reputed financial standing throughout the business world, became involved in involutary bankruptcy proceedings in the United States District Court late this afternoon. The petitioning creditors, with claims amounting to $16,000 filed the petition before Judge Landis, and Edward C. Potter was appointed receiver, in bonds of $100,000. The bankruptcy proceedings are believed to be friendly because of the presence in court of Attorney Silas H. Strawn, representing R. H. Donnelly, one of the members of the firm. The case was carried through the court burriedly, and after the proceedings wel. completed but little information could be obtained from those interested. According to the petition of the receiver. there is $250,000 outstanding in va. rious kinds of grain, stock and bond transactions. Attorney Whitney, for the brokerage firm. declared to-night that the failure would cause little excitement on the Chicago Board of Trade or the New York Stock Exchange to-morrow morning. as the trades were so evenly balaficed that the transactions on the long side of the market would to a great extent offset the trades on the short side. "For every transaction made by the firm," said Whitney, "the Chicago banks hold collateral. and if the banks sell out at the present market price money will be gained instead of lost. The petition for the appointment of a receiver sets forth that if an attempt be not immediately made to realize on the $250,000 worth of transactions the deal will necessarily have to be closed out at a great sacrifice. R. H. Donnelly, senior member of the firm. declared to-night that no one would be harmed financially, but he refused to give any reason for the failure of the company. He said: "As newtly as I can estimate to-night, our liabilities are about $250,000 and our assets about $100,000. This estimate is made by taking as a basis the closing prices of stocks and grain to-day. As soon as Receiver Potter cleans up our affairs the firm of Knight, Donnelly & Co. will be dissolved. The firm had wires running to New York, St. Louis and other leauing financial centers of the country. TERRE HAUTE, Ind., June 26.-The Vigo County National Bank issued the statement -day that Cashier Conzmanthes has resigned and that a shortage of about $16,000 had been discovered in his accounts. Conzmanthes has turned over securities amounting to $60,000. Later a "run" upon the bank was started, but all demands for deposits were promptly met. PHILADELPHIA, June 26.-J. Hampton Moore was to-day appointed permanent receiver for the City Trust Safe Deposit and Surety Company of this city. Moore was formerly chief of the Bureau of Manufactures in Washington, and became president of the City Trust three weeks ago. CLINTON, Mo., June 26.-The Circuit Court to-day appointed John B. Egger, a banker of Appleton City, receiver of the closed Salmon Bank Cashier Thomas M. Caste who was arrested yesterday, charged with forgery, is ill at his home, under guard. CINCINNATI, June -Holzman & Co., brokers and bankers, who recently assigned, were to-day declared bankrupt by the United States Court.
2.June 28, 1905Evening Times-RepublicanMarshalltown, IA
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BANK CLOSES DOORS Vigo County National, Whose Cashier Defaulted With Funds, Compelled to Suspend-Mine Workers' Organization Stands to Lose a Large Sum. Terre Haute, Ind., June 28-The Vigo County National bank, on which there has been a run the past two days, closed its doors this morning. The national bank examiner is investigating. The Indiana organization of United Mine Workers has $90,000 deposited in the bank. According to the -bank's statement June 1 the total resources were $1,565,000; individual deposits, $982,000. The United States deposits are $191,000. The discovery of the shortage of Cashier Conseman precipitated a run which led to the bank's closing.
3.June 28, 1905East Oregonian : E.OPendleton, OR
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Article Text
Terre Haute Bank Closed. Terre Haute, Ind., June 28.-The Vigo County National bank closed its doors today. following the run resulting from the discovery that Cashier Conseman had resigned owing to a shortage, which it is claimed reaches over $50,000. The deposits amount to $1,000,000.
BANK IS CLOSED. A Run Started Two Days Ago is the Cause of the Shut Down. Terre Haute. Ind. June 28.-The Vigo County National bank. on which there has been a run for the past two days. closed its doors this morning. A national bank examiner is investigating.
5.June 28, 1905Alexandria GazetteAlexandria, VA
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Article Text
ern Pacifie, who stands at the head of the railroad contingent of civil engineers, may be prevailed upon to take charge of the work. Acting Secretay of War Robert Shaw Oliver, today granted authority to the New York and Long Island Railroad Company to construct a tunnel under the East river from 42d street, New York, to 5th street, Long Island City. Secretary Oliver also granted the railroad company permission to sink a shaft to the tunnel from Man-of-War reef at the southern end of Blackwells Island. It is not stated just what the project of the railroad company is or the cost of the tunnel. The Comptroller of the Currency this morning received a dispatch informing him that the Vigo County National Bank of Terre Haute, Ind., had been closed by order of the bank directors. This is the bank in which a shortage of $16,000 was discovered a few days ago in the cashier's accounts. Although Cashier Conzman's bondsmen turned in $60,000 to protect the bank a run followed. The last report of condition on May 29 gave the capita! stock of the bank at $150,000, deposits $1,251,282.14 and resources and liabilities $1,564,968.70. An important petition alleging discrimination by certain western and southern railroads in tavor of the Standard Oil Company was filed with the Interstate Commerce Commission today by the Gulf Refining Company, an independent concern having its principal offices at Port Arthur, Texas. The complainant alleges that the defendants, acting in concert for the purpose of preventing the marketing of the Gulf Refining Company's oils in the north, have established unjust and unreasonable rates. James E. McGowan, a conductor on the Junction car of the Columbia road, was attacked with vertigo while collecting fares on his car between Benning station and the Junction this morning and fell from the car. His head came in contact with an obstruction, crushing his skull, and he died almost instantly.
6.June 28, 1905The Topeka State JournalTopeka, KS
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Article Text
FORCED TO CLOSE. Vigo County Bank Unable to Stand the Run. Terre Haute. Ind., June 28.-The Vigo County National bank on which there has been a run for the past two days, closed its doors this morning.
7.June 29, 1905Evening StarWashington, DC
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The World of Finance and Trade CLOSED ITS DOORS. Reactionary Tendencies National Bank at Terre Haute Failed -Last Statement. Marked Today's Market. The controller of the currency has appointed W. D. Frazer receiver of the Vigo County National Bank of Terre Haute, Ind., which has closed Its doors. TONE WAS IRREGULAR The following is a statement of the resources and liabilities of the bank at the MAXIMUM LOSSES IN FEW CASES date of its last report of condition, May 29, 1905: EXCEEDED ONE POINT.
8.June 29, 1905The Vinita Weekly ChieftainVinita, OK
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Article Text
INDIANA BANK IN CHARGE NATIONAL BANK EXAMINER Associated Press. Terre Haute, Ind., June 28.-The Vigo County National bank, on which a run was recently made. was closed this morning. The national bank examiner is in charge.
9.June 29, 1905The San Francisco CallSan Francisco, CA
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"Run" Forces a Bank to Close. TERRE HAUTE, Ind., June 28.-The Vigo County National Bank, on which there has been a "run" for the last two days. closed its doors this morning.
DUE TO CASHIER'S SHORTAGE. I National Bank at Terre Haute, Ind., Closes Its Doors. Terre Haute, Ind., June 29.-The Vigo County National bank, on which there has been a run for the past two days, has closed its doors. A national bank examiner is investigating. The discovered shortage of Cashier Conzman precipitated the run which led to the bank's closing. The directors were in session nearly all night and it is rumored that the shortage of Cashier Conzman will be much larger than the admitted $16,000. The Indiana organization of the United Mine Workers of America has $90,000 deposited in the bank which it tried to withdraw, but was unsuccessful.
Indiana Bank Closes Door. Terre Haute, Ind., June 29-The VI. go county National bank, on which there has been a run for the last two days, closed its dors this morning. A national bank examiner is in charge. The bank's statement on June 1 shows assets and liabilities of $1,564,968. The discovered shortage of Cashier Conz man precipitated the run which led to the bank's closing today. The di. rectors were in session nearly all night and it is being rumored today that the shortage of Cashier Conzman will be much larger than the admitted $16,000. The Indiana organization of the United Mine workers of America has $90,000 deposited in the bank. which It tried to withdraw, but was unsuccessful.
12.July 1, 1905The Coeur D'alene PressCoeur D'alene, ID
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LATE NEWS. Arsenic is said to have been discovered in the stomach of Mrs. W. H. Dufree, whose death at Elgin, III., has caused suspicion to rest upon her husband. George E. Lorenz of Toledo, Ohio, whow as convicted over a year ago of conspiracy to defraud the government in connection with the sale of letter box fasteners, has been remanded to the custody of the warden of the district jail for removal to the state prison at Moundsville, W. Va. August W. Machem and the Groff brothers, who were convicted at the same time, began serving their sentence some months ago. Lorenz's sentence is two years imprisonment and a fine of $10,000. The supreme court of Canada has granted the motion made in behalf of the government of the United States to quash the appeal of Gaynor & Greene from the judgment from the court of king's bench affirming the refusal of a writ of prohibition by Judge Davidson aginst the issue of a warrant for extraditon. The appeal was quashed wiith costs. What is said to have been a deliberate attempt of a chauffeur to scare persons on the street resulted in the death of Eldon Garber, a 5 year old boy at Philadelphia. James S. Keerl,once president of the Montana Society of Civil Engineers, who shot and killed Thomas Crystal, bartender in a Helena saloon, three years ago last April has been sentenced to ten years in the state penitentiary for manslaughter, the maximum punishment. Admiral Ito, through his personal report, recently inquired into the condition of Vice Admiral Rojestvensky. He is progressing well, and sent his thanks to Admiral Ito for the visit and inquiry. The resignation of John F. Wallace of Illinois, now chief engineer of the Panama canal, is now in the hands of the president. Samuel S. Hopkins, president of the Hopkins & Allen Arms company, is dead. Forest fires are burning flercely on government lands in the mountains southwest of Denver, Colorado. In spite of all denials it is reiterated that Lord Curzon has informed the British cabinet that unless important modifications are made in the orders recently issued giving General Lord Kitchener supreme command) he will resign the viceroyalty. Having shot and killed Jess E. Thompson, a switchman recently discharged from employment, Yardmaster James S. Walsh telephoned to the Chicago police to remove the body. then gave himself up. He claims he killed him in self defense. Former Speaker Henderson has had two strokes of paralysis, and is in a serious condition. The side having the eg upon which be has depended is affected. The Vigo County National bank at Terre Haute, Ind., on which there has been a run for the past two days has closed its doors. At the recent almuni meeting of Yale President Hadley announced that John D. Rockefeller had promised a gift of $1,000,000 to Yale, and that certain graduates had pledged another million. The failure of the grain and (stock brokerage firm of Knight, Donnelly & Co., which occurred several days ago, has assumed gigantic proportions. The liabilities will aggregate not far from $3,000,000. The assets may sum up $2,500,000.
BANKER LED GAY LIFE. His Extravagance Was Caused of a Bank Being Wrecked. Terms Haute, Ind., July 5.-The wreting of the Vigo County National Bank which closed after a run of two days Bollowing the announcement that Cash "Gus" Conzman was short, is followed by an exposure of scandal which has been a matter of gossip for a year or more. It is published today that in addition to Conzman's deals in the bank and his prolonged gambling he was living a dual life. A woman who had a house in a select district was called upon by the cashier so frequently that the neighbors complained to the police. It is said that at times when she had a wonian friend with her Conzman and some one of his highflyer friends called at the house and made so merry that the neighbors were Incensed. Another woman, not now in the city, to whom he paid at. tention, is said to have a note in the Vigo National bank for $1,000. Only recently he visited a resort and gave $5 and $10 to each of the women and promised a plano to one of them.
BANKER LED GAY LIFE. His Extravagance Was Caused of a Bank Being Wrecked. Tery Haute, Ind., July 5.-The wrett mg of the Vigo County National Bank which closed after a run of two days following the announcement that Cas). s "Gus" Conzman was short, is followed by an exposure of scandal which has been a matter of gossip for a year or more. It is published today that in addition to Conzman's deals in the bank and his prolonged gambling he was living a dual life. A woman who had a house in a select district was called upon by the cashier so frequently that the neighbors complained to the po. lice. It is said that at times when she had a woman friend with her Conzman and some one of his highflyer friends called at the house and made so merry that the neighbors were incensed. Another woman. not now in the city, to whom he paid attention, is said to have a note in the Vigo National bank for $1,000. Only recently he visited a resort and gave $5 and $10 to each of the women and promised a plano to one of them.
15.July 7, 1905Perrysburg JournalPerrysburg, OH
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MISCELLANEOUS. The Merchants' distillery at Terre Haute, Ind., was destroyed by fire. The loss, estimated at $300,000 to $350,000, is fully insured. President Roosevelt arrived in Oyster Bay recently and was given an unusually demonstrative greeting by the residents of the village. The cruiser Charleston on her official trial run made an average speed of 22.3 knots an hour. She exceeded her contract requirement by .3 knots. Three killed and 60 wounded are the casualties resulting from a fight between strolling players and villagers at Derekigyhaz Hungary. The Vigo County national bank, of Terre Haute, Ind., on which there had been a run for two days, has closed its doors. Under the terrible charge of having killed and eaten many children whom they had stolen, 20 gypsies have been arrested near Jaszbereny, Hungary. The section of Grand Forks. N. D., was visited by terrific hail storms recently and great damage resulted. Hail stones as large as hens' eggs fell. A Rock Island railroad message from Fairbury, Neb., to Division Superintendent Wilson says Phillipsburg, Kan., was wrecked by a tornado. Six persons were killed. At New London, Conn., the Yale 'varsity crew wrested victory from Harvard in the annual four-mile race on the Thames by the length of an oar. After a diligent search of three days the Philadelphia police arrested the five persons who occupied an automobile which ran down and killed Eldon Sarver, a 5-year-old boy. Charles J. Mould, a chemist of Detroit, was arrested on the charge of being concerned with George F. Kinnear, who was arrested recently in Port Huron, in an alleged fraudulent "get rich quick" scheme. John W. Wooten, a lawyer charged with larceny of a check for $1,000 made by David Rothschild, of the defunct Federal bank, as administrator of the Weissel estate, was found guilty in New York City. The Pennsylvania state board of pardons has finally disposed of the case of Mrs. Kate Edwards, the Berks county woman under sentence of death for the murder of her husband, refusing to grant her a commutation. Cornell regained her prestige in intercollegiate rowing affairs by winning with utmost ease the 'varsity eight-oar and freshman eight-oar races in the intercollegiate regatta at Poughkeepsie, N. Y. Syracuse was given the decision in the 'varsity four-oared race. While standing before a mirror in the office in the Missouri Trust building at St. Louis, Peter H. Heckman, 50 years old, committed suicide by shooting. He left letters to his wife and a former business associate, giving ill health as the reason for ending his life. By order of Postmaster General Cortelyou rural carriers will be grant. ed a holiday on July 4. All service on rural routes therefore will be suspended on that day. A petition has been forwarded to President Roosevelt, signed by nearly 20,000 Norwegians residing in or near Chicago, asking recognition for the new government of Norway. Charged with burning the word "faker" across the chest of an immigrant while administering thermocautery treatment for neuralgic pains, Dr. Dubois Hunt, an interne in Gouverneur hospital, New York City, has been dismissed from the institution.
16.July 7, 1905The Herald-AdvanceMilbank, SD
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Crimes. Frank R. McCamyon, a waiter of Chicago, believing that he had shot and fatally wounded a friend and was liable to arrest, committed suicide. Mrs. Adelaide Foster, until recently a resident of Chicago, committed suicide by inhaling gas in apartments occupied by her daughter in New York. Thomas M. Casey, cashier of the Salmon bank, was arrested at Clinton, Mo., on a charge of forging two notes aggregating $10,000, preferred by W. M. Stevens. Ellwood Garman, convicted of murder in the first degree for the killing of William Murray, was found dead in his cell at Mifflingtown. He committed suicide by drinking carbolic acid. During a quarrel over a game of dice on an excursion train at Lafayette, Ind., Sylvester Jones was stabbed fatally by Stephen Hurst, a one-armed man. Hurst is in jail on a charge of murder. Carrying out the request of Gov. Haney that he enforce the law against poolselling at the state fair grounds at Indianapolis, Sheriff Edward Sourber and eleven deputies arrested eight bookmakers. Former Chief J. W. Hill of the Philadelphia filtration bureau has been arrested on new charges of forging contract slips of $40,000, after having already been arrested for other similar forgeries aggregating $30,000. Fifteen employes'of an American circus were arrested at Grand Mere, Que., by militia from Quebec, charged with kidnapping and ill-using a young French Canadian girl at Robberval, and shooting another girl at Chamborg. Frank Ward and Thomas Driscoll, suspected of being implicated in the attempted holdup of the North Coast Limited train near Tacoma, were arrested at Seattle and are held in the city jail. Ward answers the description of the man who boarded the engine and fired a shot at the engineer. The Vigo County National bank of Terre Haute, Ind., has announced that Cashier Conzman has resigned and that a shortage has been discovered in his accounts of about $16,000. Conzman turned over securities amounting to $60,000. Following the announcement a run was started on the bank.
17.July 11, 1905Ottumwa Tri-Weekly CourierOttumwa, IA
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IOWA ONE OF SIX STATES WHERE GRAFT IS UNKNOWN. (Continued from Page 1). ey than any other enterprise in the state. Testimony is to be taken in all parts of the state. Nebraska. "Lincoln, Neb., July 9. - The recent decision of the Nebraska supreme court declaring the biennial election law unconstitutional may have the effect of stopping the investigation of graft connected with its passage. It was charged during the debate on the bill that a substantial corruption fund had been raised by office holders to insure its passage and so earnest was the protest that a legislative committee was appointed to make an investigation. "Another Nebraska graft case, a relic of the indictment of ex-Senator Chas. H. Dietrich for alleged trafficking in postoffices,still hangs fire in the federal court for the district of Nebraska. It concerns men of prominence, who It is charged, worked hand in hand with the former senator in the sale of postoffices and other federal appointments. The cases of Postmaster Mitchell of Alma, Postmaster Fisher of Hastings and Elliott Lowe, former member of the legislature, indicted jointly with Dietrich, have never come to trial. "The most recent graft inquiry in Nebraska concerns the illegal acquirement of homesteads and illegal fencing of government lands in the northwestern part of the state. Many men are involved. Thus far there have been but two convictions. The trials of the other indicted men will begin at the coming session of the court One of the latter is Frank Currie, a member of the lower house of the Nebraska legislature. Indiana. "Indianapolis, Ind., July 9.-Charges of "graft" are being investigated in various parts of Indiana. From Richmond comes word that the fraud charged against members of the city administration is being investigated by the grand jury. In Grant county expert accountants report that several of the county officials now in office and former officeholders have been found short in amounts of over $23,000. The officials deny any shortage "Investigation of the defunct Vigo County National bank of Terre Haute is progressing under instructions from Washington. If the insolvency develops the acceptance of $70,000 of government deposits when failure stared the officials in the face it may incriminate the entire management. "Cashier Bowman of the Commercial bank of Hagerstown. Ind., killed himself on Monday President Mason announced the bank must suspend, with liabilities of $150,000 and comparatively no assets. Kansas. "Topeka. Kan., July 9.-Kansas is in the midst of a graft investigation which will cover every department of the state. The legislature which met last winter appropriated the sum of $15,000 to be expended by the governor in ascertaining how the public money has been handled the last five years. Five expert accountants are now busy on the books of State Treasurer T. T. Kelly, and when they finish their work they will investigate the state school fund commissioners. "Since the investigation began it has been found the state treasurer has more than $1,000.000 on deposit in state banks which he is supposed to be drawing interest The treasurer and his friends deny this, and the investigation will reveal the facts. The failure of the First National bank, with more than $500,000 in state money on deposit, has complicated affairs to a certain extent. "The charges against the members of the state school fund commission are little more than intimations that they have misused the funds in their care. Minnesota. "St. Paul, Minn., July 9.-Not since the graft charges against Mayor Ames of Minneapolis and his conviction. together with the conviction of the chief of police a year ago, for municipal graft, has there been any graft scandal in Minneapolis that has become public. Wisconsin. "Milwaukee, Wis., July 9.-Today the Milwaukee graft hunting grand a jury will reconvene and early in the proceedings will vote several more indictments. "Twenty-one alleged grafters, nearly all big members of the county board of supervisors, are under indictment, awaiting the pleasure of the district attorney before being brought to trial. They are all involved in three deals, the letting of contracts for three portions of the work on a county building. "One indictment is for the alleged giving of $250 to a supervisor to secure bis.vote sale of county property
18.July 19, 1905Evening StarWashington, DC
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# Cashier Lost $200,000 at Gambling.
Gus A. Conzman, the defaulting cashier of the defunct Vigo County National Bank, was arrested at Indianapolis last night on a charge of embezzlement. The report of the receiver shows that the defalcation is nearly $200,000, and this money is now known to have been lost during several years in Terre Haute gambling rooms and at nearby race courses. Since the failure of the bank, which followed immediately on the discovery of Conzman's defalcation, the ex-cashier has been very ill, and when his arrest came last night he was unable to leave his bed. Bond was given in the sum of $50,000, but no date for preliminary hearing was fixed. The stockholders will try to recover the money lost by the cashier from the gamblers by making them parties to suits and also by proceedings against them with charges of conspiracy to rob the bank. Conzman had very little property, and it is urged that the men with whom he played and to whom he lost-large sums of money must have known that it was being taken from the bank.
19.July 19, 1905The SunNew York, NY
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LOST $200,000 AT PLAY. Cashier of the Vigo County Bank Arrested -Gamblers to Be Prosecuted. INDIANAPOLIS, July 18.-Gus A. Conzman, the defaulting cashier of the defunct Vigo County National Bank, was arrested this evening on a charge of embezzlement. The report of the receiver shows that the defalcation is nearly $200,000, and this money is now known to have been lost during several years in Terre Haute gambling rooms and at nearby racecourses. Since the failure of the bank, which followed immediately on the discovery of Conzman's defalcation, the ex-cashier has been very ill, and when his arrest came this evening he was unable to leave his bed. Bond was given in the sum of $50,000, but no date for preliminary hearing was fixed. The stockholders will try to recover the money lost by the cashier from the gamblers by making them parties to suits and also by proceedings against them with charges of conspiracy to rob the bank. Conzman had very little property, and it is urged that the men with whom he played and to whom he lost large sums of money must have known that it was being taken from the bank.
20.July 21, 1905The Stark County DemocratCanton, OH
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MAY PAY IN FULL "If," Says Receiver of Terre Haute National Bank. Washington, July 19.-The first report of the receiver of the Vigo county National Bank, of Terre Haute, Ind., which suspended June 28, has been received by the Comptroller of the currency. The receiver estimates the value of the assets as follows: Good, $858,042.62; doubtful, $203,104.18; worthless $68,538.14. And the liabilities of the bank including individual deposits $581,798.77, and public deposits $264,666.79, at $936,520.01. "If these assets work out as estimated by the receiver," it is stated, "the probabilities are that the liabilities of this bank to creditors will be paid in full, without recourse to an assessment of the stockholders."
21.August 1, 1905Grant County HeraldLancaster, WI
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Receiver for the Spring Valley Bank. Washington, Aug. 1.-Judge Harvey M. Trimble, of Princeton, Ill., has been appointed receiver of the Spring Valley National bank, of Spring Valley, III., and Charles Andrews, of Brazil, Ind., has been appointed receiver of the Vigo County National bank, of Terre Haute, Ind.
22.August 1, 1905New-York TribuneNew York, NY
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RECEIVERS OF BANKS APPOINTED. Washington, July 31.-Judge Harvey M. Trimble, of Princeton, III., has been appointed receiver of the Spring Valley National Bank, of Spring Valley, Ill., and Charles Andrews, of Brazil, Ind., receiver of the Vigo County National Bank, of Terre Haute, Ind. The Controller of the Currency has received the first report of the receiver of the Spring Valley National Bank. which closed its doors on July 5. He classifies the assets of the bank as follows: Good. $57,108 doubtful, $463,569. The liabilities are as follows: Individual deposits, $50,203. certificates of deposit $374.028
23.August 5, 1905The Irish StandardMinneapolis, Saint Paul, MN
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Receiver Appointed. Washington, Aug. 1.-Judge Harvey M. Trimble. of Princeon, Ill., has been appointed receiver of the Spring Valley national bank of Spring Valley, Ill., and Charles Andrews, of Brazil. Ind., has been appointed receiver of Vigo County national bank, of Terre Haute, Ind.
24.November 17, 1905Wood County ReporterWisconsin Rapids, WI
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SCHIFFER UNDER HEAVY BONDS. Owner of Defunct Colorado Bank Waives Examination. ALAMOSA. Cal., Nov. 11.-Abraham Schiffel. one of the owners of the Bank of Alamosa, which suspended business recently, and who was arrested in New York, waived preliminary examination and was held in bonds of $70,000, $10,000 each for seven counts of receiving deposits while knowing his bank to be insolvent. TERRE HAUTE, Ind., Nov. 11.The second 40 per cent dividend, approximating $300,000, will be paid with. in A few days to the depositors of the defunct Vigo County National bank.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
