4128. Bunker Hill Bank (Bunker Hill, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 22, 1877
Location
Bunker Hill, Illinois (39.043, -89.952)

Metadata

Model
gpt-5-mini
Short Digest
e1ada344

Response Measures

None

Description

Multiple newspapers (Oct 24–Nov 3, 1877) report the Bunker Hill Bank at Bunker Hill, Illinois, closed/suspended on Monday (reported Oct 22, 1877) with charges of misapplication of funds against the cashier and assistant cashier. No articles mention a depositor run or later reopening; thus classified as a suspension leading to closure due to bank-specific adverse information (misapplication/embezzlement).

Events (1)
1. October 22, 1877 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Charges of misapplication/misappropriation of the bank's funds by the cashier and assistant cashier alleged to be the cause of the suspension.
Newspaper Excerpt
The Bunker Hill bank at Bunker Hill, Illinois, closed Monday. ... Charges of misapplication of the bank's funds are made against the cashier and the assistant cashier of the institution, which it is alleged is the cause of the suspension.
Source
newspapers

Newspaper Articles (10)
1. October 24, 1877 Daily Press and Dakotaian Yankton, SD
Article from Daily Press and Dakotaian, October 24, 1877

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The Russians are Repulsed While Attacking Kars. The Woman's Temperance Associalion in Session at Chicago. 2000 e Vila Bank Failures and Suspensions. The Bolton Strike Probably Ended MISCELLANEOUS. FAILURE. St. Louis, Oct. 24-The Bunker Hill bank at Bunker Hill, Illinois, closed Monday. The liabilities to the depositors are said to be $00,000. They bank officers say tney can show $75,000 assets. Charges of misapplication of the bank's funds are made against the cashier and the assistant cashier of the institution, which it is alleged is the cause of the suspension. INSURANCE ON MILL. Providence, Oct. 24.-The insurance on the mill at Warford, which burned last night, is $69,000. EMBARASSED. Boston, Oct. 24.-The Bay Stateiron Co., of this city, being financially embarassed, held a meeting yesterday, at which it was proposed to convey all property to their trustees. , THE WORKING MEN. Chicago. Oct. 24.-The working mens county nominating convention is in session here but has not yet made any selection of candidates. TEMPERANCE. Chicago, Oct. 24.-The woman's national christian temperance union association convened here this morning with a large representation of prominent ladies from all parts of the country. Miss Frances E. Willard delivered an opening address, which wasreplete with practical suggestions; it produced a marked impression upon the assemblage. Mrs. Anna Wittenmeyer, of New York, president of the national association, responded. THE RACES. Baltimore, Oct. 24.-In the races to-day the first race was won by Idalia; Chance, second time, 1:45}. Second race won by Victory; Mary, second; time 3:11.

2. October 24, 1877 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, October 24, 1877

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Misapplying the Funds of an Illinois Bank. ST. LOUIS, Oct. 24.-The Bunker Hill bank at Bunker Hill, Ills., closed on Mon day. Liabilities to depositors said to be $60,000; the bank officers say they can show $75,000 assets. The charges of misapplication of bank funds are made against the cashier and assistant cashier of the institution, which it IS alleged is the cause of suspension.

3. October 24, 1877 Public Ledger Memphis, TN
Article from Public Ledger, October 24, 1877

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Bank Closed. ST. LOUIS, October 24.-The Bunker Hill Bank, at Bunker Hill, Ill., closed Monday last. The liabilities to depositors are said to be $60,000. The bank officers say they can show $75,000 assets. Charges of misapplication of the bank's funds are made against the cashier and assistant cashier of the institution, which it is alleged was the cause of suspension.

4. October 25, 1877 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, October 25, 1877

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TELEGRAPHIC TICKS. Whisky is quoted in Chicago at $1.08. ) The Bay State iron company, of Boston, is financially embarrassed. t George L. Fox, the comedian, died / in Cambridge, Mass., yesterday. : The run continues on the Union dime savings bank of New York. The Boston wool market remains nnchanged, with a fair demand at low prices. Parole won the 21-mile race at Baltimore, yesterday, beating Ochiltree and TenBroeck. A slight shock of earthquake was felt all over the Isthmus of Panama on r the 12th instant. Twogood & Elliott's banking house at Marion, Iowa, suspended yesterday; liabilities, $150,000; assets unknown. C Byron H. Robb was yesterday in1 dicted, at Cincinnati, by the grand ; jury for using the mails to carry on a fraudulent scheme. At the auction sale of coal in New 1 York yesterday the bidding was brisk and prices good. Over 125,000 tons of S Scranton were sold. Kane, Democrat, was, yesterday, B elected mayor of Baltimore, by 15,000 majority, over Thompson, the Workingmen's candidate. S A telegram from Lima states that the British ship Westfield put back to Cal, lao in consequence of a mutiny on board, in which one man was killed. At Pittsburg, in the Criminal court, S on Wednesday, A. Murray, aged 16 years, was sentenced to three years in the penitentiary, for stealing fire-arms and ammunition during the riots. e The Bunker Hill bank, at Bunker s Hill, III., closed on Monday last. The e liabilities to depositors are said to be $60,000. Misapplication of the funds d alleged to be the cause of the suspene sion. r C. S. Garniss, of Garniss & Co., Bose ton, dealers in dyes, indigo, etc., is n held in $30,000 bail, on a charge of cheating the Collateral Loan company B. out of $35,000. Garniss' operations e consist of obtaining loans on indigo by false invoices.

5. October 25, 1877 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, October 25, 1877

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Business Embarrassments BOSTON, October 24.-The Bay State Iron Company, of this city, being financially embarrassed, held a meeting yesterday, at which it was proposed to convey all its property to three trustees in behalf of the creditors, who are to carry on business not exceeding two years. The proposition is now under considera. tion. The liabilities of the company are $501,626; assets $1,279,727. Sr. LOUIS, October 24.-The Bunker Hill Bank. at Bunker Hill, Illinois, is closed. Its liabilities to depositors are said to be $60,000. The bank officers say they can show $75,000 assets. Charges of misapplication of the bank's funds are made against the Cashier and Assistant Cashier of the bank, which is the alleged cause of the suspension.

6. October 25, 1877 The Stark County Democrat Canton, OH
Article from The Stark County Democrat, October 25, 1877

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OH, LET US RESUME. John Sherman They Are Coming Hundred Thousand ($) Strong. ST. LOUIS, October 24.-The Bunker Hill Bank, at Bunker Hill, Illinois, closed Monday last, Liabilities to depositors said to be $60,000. The bank officials say they can show $75,000assets. Charges of misapplication of the bank's funds are made against the cashier and assistaut cashier of the institution, which, it is alleged, was the cause of the suspension. Manufacturing Company Embarrassed. BOSTON, Octouer 24.- - The Bay State Iron Company, of this city, being finan> cially embarrassed, held a meeting yesterday, at which it was proposed to con vey all the property to three trustees, on behalf of the creditors, who are to carry on the business, not exceeding two years. The proposition is now under consideration. The liabilities of the company are $501,626, and the assets $1,279,727. CHICAGO, October 24.-The Times' Marion, (Iowa), special says: Twogood & Elliot's banking house, one of the oldest in the State, suspended to. day. Liabilities are fully one hundred and fifty thousand dollars. Assets unknown. Quite an excitement prevails.

7. October 25, 1877 Eureka Daily Sentinel Eureka, NV
Article from Eureka Daily Sentinel, October 25, 1877

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are failure of appetite, and the consequent steady weakening of thesystem. Yesterday and to-day the Senator has been drinking very freely of rich milk, and Dr. Bliss is greatly encouraged. This will impart strength, and the beginning of the return of his appetite. The Run on a New York Savings Bank-Commencement of con. nolly's Trial. NEW YORK, Oct. 24. The run continues on the Union Dime Savings Bank, payments of one hundred dollars and less being made. Twenty seven thousand dollars were paid out yesterday. It is reported that if the run is not soon checked the National Banks will unite in measures for the protection of savings banks. A struck jury has been ordered in the suit of the State against 6X Comptroller R. B. Connolly for ten million dollars. A Swindler Held to Bail in Boston. BOSTON, Oct. 24. Chas. S. Garniss, of Garniss & Co., dealers in dyes, indigo, etc., is held in thirty thousand dollars' bail on a charge of cheating the Collateral Loan Company out of three thousand dollars. Garniss' operations consist of obtaining loans on indigo by false invoices. Indicted for Fraud. CINCINNATI, Oct. 24. Byron H. Rabb was yesterday indicted by the GrandJury for using the mails to carry on a fraudulent scheme. Rabb is the manager of the United States Secret Service Company, Monifor Manufacturing Company and the Queen City Glass and Lamp Company. Another Bank Suspension. ST. LOUIS, Oct. 24. The Bunker Hill Bank, nt Bunker Hill, Illinois, closed on Monday last. The liabilities to depositors are said to be $60,000. Charges of the misapplication of funds is alleged as the cause of the suspension. A New King of the Turf. PIMLICO, Md., Oct. 24. In the third race of two and a half miles, Parole was the winner; Tenbroeck second, Ochiltree third. Time, 4373/4.

8. October 31, 1877 Ottumwa Weekly Courier Ottumwa, IA
Article from Ottumwa Weekly Courier, October 31, 1877

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Another Bank Gone. Sr. Louis, Oct. 24.-Bunker Hill bank at Bunker Hill, III., closed on Monday. Liabilities to depositors said to be $60,000. The bank officers say they can show $75,000 assets.Misappropriation of the banks funds are made against the Cashier and asst-Cashier, which it is alleged is the cause of the suspension.

9. November 1, 1877 Bozeman Avant Courier Bozeman, MT
Article from Bozeman Avant Courier, November 1, 1877

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Another Bank Suspension, Sr. LOUIS, October24.-The Bunker Hill Bank, at Bunker Hill, III., closed on Monday last. The liabilities to depositors are said to be $60,000. Charges of misapplication of funds is the alleged cause of the suspension.

10. November 3, 1877 The Superior Times Superior, WI
Article from The Superior Times, November 3, 1877

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THE WEST. ST. JOSEPH, Mo., voted, on the 26th, to transfer the city stock in the bridge at that point to the Union Pacific railroad, provided the terminus of the road is made at St. Joseph. THE superintendent of the Braidwood, III., coal mines has offered to pay the miners all the money due them if they will resume work at 95 cents per ton. This is an important concession, but unless a conclusion is soon reached, the old miners will all be gone. About 75 left for Iowa October 26th. THE removal of the Indians from the neighborhood of Red Cloud Agency to the vicinity of the Missouri river, began on the 24th inst. They are escorted by Capt. Lawson's and Lieut. Cumming's companies of the third cavalry. No dissatisfaction is evinced by the Indians; on the contrary all move harmoniously. The march will be a long and tedious one, probably occupying a month. THE Bunker Hill bank at Bunker [Hill, Ill., closed on the 22d inst. Liabilities to depositors said to be $60,000. The bank officers say they can show $75,000 assets. Charges of misapplication of the bank's funds are made against the cashier and assistant cashier of the bank which, it is alleged, are the causes of suspension. THE followingtelegram from Ojo Caliente, New Mexico, was received on the 23d inst.: "Gen. Hatch, commanding the district, reports 191 southern Apaches surrendered at Fort Wingate and 56 more expected in soon. THE Controller of the Currency, on the 23d inst., declared dividends of 10 per cent. in favor of the credit ors of the National Bank of the state of Missouri, and the First National Bank of Duluth, Minn. THE Leyser opposition tow-boat line at San Francisco has failed and the boats are in the sheriff's hands. N. D. EMERSON, assistant superintendent of the Chicago, Burlington and Quincy Railroad, at Quincy, III., has been made general manager of the Hannibal and St. Joe road, under the new receiver. THE members of the Des Moines bar have declared that Cate's charges of corruption against Judge Dillon are wholly baseless.