4278. La Harpe State Bank (La Harpe, IL)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
November 16, 1896
Location
La Harpe, Illinois (40.583, -90.969)

Metadata

Model
gpt-5-mini
Short Digest
c8410ac3f2982c2f

Response Measures

None

Description

Contemporary notices report the La Harpe bank 'failed' on Nov. 16, 1896 and managers blamed 'hard times.' No run is mentioned; no receiver is named in the brief notices, but the wording indicates a failure/closure. Liabilities/assets were not disclosed in the reports.

Events (1)

1. November 16, 1896 Suspension
Cause
Macro News
Cause Details
Managers attributed the failure to 'hard times' (general economic distress).
Newspaper Excerpt
The La Harpe bank, La Harpe, Ill., failed Saturday. Hard times is the cause assigned by the managers.
Source
newspapers

Newspaper Articles (2)

Article from River Falls Journal, November 19, 1896

Click image to open full size in new tab

Article Text

Illinois Bank Fails. Quincy, Ill., Nov. 16.-The La Harpe bank, La Harpe, III., failed Saturday Hard times is the cause assigned by the managers. Liabilities and assets cannot be ascertained, as officers declined to give them out.


Article from The Worthington Advance, November 19, 1896

Click image to open full size in new tab

Article Text

Illinois Bank Fails. Quincy, III., Nov. 16.-The La Harpe bank, La Harpe, Ill., failed Saturday. Hard times is the cause assigned by the managers. Liabilities and assets cannot be ascertained, as officers declined to give them out.