Bank of Frankfort (Frankfort, MI)

Episode Information

Episode UID
4339203791155
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
433920379 hash
Start Date
March 11, 1896
Location
Frankfort, Michigan (44.634, -86.235)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5c306c613c52e9dc

Response Measures

None

Events (1)
1. March 11, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed its doors and reported liabilities exceeding capital (closed with liabilities $32,000; assets $60,000).
Newspaper Excerpt
The Bank of Frankfort, Mich., closed its doors with liabilities of $32,000 and assets of $60,000.
Source
newspapers

Newspaper Articles (6)
1. March 11, 1896 The Ely Miner Ely, MN
Article from The Ely Miner, March 11, 1896

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With the subsidence of the waters which overwhelmed the greater part of New England figures of losses show total damages of over $2,000,000. Six lives were lost. The 103d anniversary of Washing. ton's second inauguration as president of the United States was observed in Philadelphia by the Pennsylvania Society of Colonial Da:nes of America. Throughout eastern Berks county, Pa., for a distance of ten miles, a distinct shock of earthquake was felt and houses were shaken, windows rattled and glass broken. The Ohio legislature has passed a bill making Lincoln's birthday a legal holiday. Capt. Simon Baker, Larry Seaman William Anderson and M. Moguat were drowned by the wrecking of the schooner Willie Ann off the Florida coast. The National Wholesale Lumber Dealers' association in session at Saginaw, Mich., elected Charles M. Betts, of Philadelphia, as president. The Northwestern Normal school, with an enrollment of 400 students from almost every state in the union, was burned at Stanberry, Mo. It was rumored that President Cleveland would send a military commission to Cuba to report on the condition of affairs there. McDonald & Watt, wholesale grocers at Fort Wayne, Ind., made an assignment with liabilities of $100,000. H. C. Wilmouth pleaded guilty to bigamy at Kansas City, Kan., and said that in the last nine years he had married nine different women, all of whom are living. The date for the execution of H. H. Holmes, the convicted murderer of Benjamin F. Pietzel and alleged murderer of 21 others, was fixed by Gov. Hastings, of Pennslyvania, who named May 7. Students at Princeton (N.J.) college burned in effigy the king of Spain and destroyed a Spanish flag. Gov. Bushnell, of Ohio, pardoned Jefferson Moorehead, who was convicted 27 years ago of murder and sent to state prison for life. It is now thought that he is innocent of the crime. Daniel Talmage's Sons, rice merchants in New York, with branches at Charleston and New Orleans, assigned with liabilities of $200,000. In a fit of absent-mindedness Mrs. Bert McConnell, of Seville, O., thrust $3,300 in money, notes and securities into the fire. O. B. MacKnight, a private banker at Wilkesbarre, Pa., failed with liabilities of $100,000; assets, $40,000. The exchanges at the leading clearing houses in the United States during the week ended on the 6th aggregated $1,061,846,907, against $913,622,465 the previous week. The decrease, compared with the corresponding week in 1895, was 6.0. There were 285 business failures in the United States in the seven days ended on the 6th, against 278 the week previous and 234 in the corresponding period of 1895. The house of G. F. Oldhouse at Herold, Wis., was burned by a lamp explosion, and he and his wife and five children perished in the flames. The Bank of Frankfort, Mich., closed its doors with liabilities of $32,000 and assets of $60,000. The private bank of Malachi Maynard at Apple River, III., failed with liabilities of $37,000 and assets of $50,000. The Wayne county (W. Va.). courthouse was destroyed by fire. Loss, $50,000. All the records were saved. Thirty buildings were destroyed by fire at Snow Hill, Md. Attacked by a mob of white caps in Peru, Fla., Bowen Sykes shot four men fatally and six others were dangerously wounded.

2. March 12, 1896 Warren Sheaf Warren, MN
Article from Warren Sheaf, March 12, 1896

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The date for the execution of H. H. Holmes, the convicted murderer of Benjamin F. Pietzel and alleged murderer of 21 others, was fixed by Gov. Hastings, of Pennslyvania, who named May 7. Gov. Bushnell, of Ohio, pardoned Jefferson Moorehead, who was convicted 27 years ago of murder and sent to state prison for life. It is now thought that he is innocent of the crime. Daniel Talmage's Sons, rice merchants in New York, with branches at Charleston and New Orleans, assigned with liabilities of $200,000. In a fit of absent-mindedness Mrs. Bert McConnell, of Seville, 0., thrust $3,300 in money, notes and securities into the fire. O. B. MacKnight, a private banker at Wilkesbarre, Pa., failed with liabilities of $100,000; assets, $40,000. The exchanges at the leading clearing houses in the United States during the week ended on the 6th aggregated $1,061,846,907, against $913,622,465 the previous week. The decrease, compared with the corresponding week in 1895, was 6.0. There were 285 business failures in the United States in the seven days ended on the 6th, against 278 the week previous and 234 in the corresponding period of 1895. The house of G. F. Oldhouse at Herold, Wis., was burned by a lamp explosion, and he and his wife and five children perished in the flames. The Bank of Frankfort, Mich., closed its doors with liabilities of $32,000 and assets of $60,000. The private bank of Malachi Maynard at Apple River, Ill., failed with liabilities of $37,000 and assets of $50,000. The Wayne county (W. Va.) courthouse was destroyed by fire. Loss, $50,000. All the records were saved. Thirty buildings were destroyed by fire at Snow Hill, Md. Attacked by a mob of white caps in Peru, Fla., Bowen Sykes shot four men fatally and six others were dangerously wounded. The Brockway counterfeiting gang was sentenced by Judge Green at Trenton, N. J. Brockway, the aged leader, was given ten years in the state penitentiary. William J. Dix, member of the Berry private detective agency, was convicted in Chicago of the murder of Frank White and given a life sentence in the penitentiary. Five other members of the same agency were convicted of manslaughter, but the sentences were not fixed. In the ladies' bicycle race in Chicago Tillie Anderson was the winner, going 359 miles and 6 laps in 18 hours. Helen Baldwin and Lizzie Glaw tied for second place, the score being 353 miles and 8 laps. The will of E. W. Nye (Bill Nye) leaves an estate valued at $75,000 to his wife. Three children of John Hahn, a prosperous farmer of the ChoctawHatchee valley, Geneva county, Ala., were burned to death. A fire in warehouse No. 3 of the Union Warehouse company at Louisville, Ky., caused a loss of $200,000. The inaugural step made by Ballington Booth, the deposed commander of the Salvation Army in America, in a rival organization on lines similar to the one from whose command he has been relieved, met with success in New York city. After a session lasting 54 days the South Carolina legislature adjourned sine die. Edward Hack, a young barber at Oakland, Cal., shot and killed Diana Pacheco and then killed himself. Objections to their getting married was the cause. The shovel factory of Hubbard & Co. at Pittsburgh, Pa., was damaged by fire to the extent of $100,000. Two cars of the Kirkwood electric railroad collided near St. Louis, and 50 persons were injured, four fatally. John R. Pierce, cashier of Sol Sharp & Co.'s poolrooms in Covington, Ky., was said to be missing with $11,000 belonging to the firm. The Glen knitting mills at Cohoes, N. Y., were burned, the loss being $100,000. PERSONAL AND POLITICAL. Peter Richard Kenrick, who for 55 years was the Roman Catholic bishop cf the St. Louis diocese, died in that city in the 90th year of his age. Kentucky republicans will meet in Lexington on April 15 to select delegates to the national convention. The republicans in the Kentucky legislature nominated St. John Boyle, of Louisville, for United States senator. Minnesota's democratic convention

3. March 12, 1896 Warren Sheaf Warren, MN
Article from Warren Sheaf, March 12, 1896

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of 21 others, was fixed by Gov. Hastings, of Pennslyvania, who named May 7. Gov. Bushnell, of Ohio, pardoned Jefferson Moorehead, who was convicted 27 years ago of murder and sent to state prison for life. It is now thought that he is innocent of the crime. Daniel Talmage's Sons, rice merchants in New York, with branches at Charleston and New Orleans, assigned with liabilities of $200,000. In a fit of absent-mindedness Mrs. Bert McConnell, of Seville, O., thrust $3,300 in money, notes and securities into the fire. O. B. MacKnight, a private banker at Wilkesbarre, Pa., failed with liabilities of $100,000; assets, $40,000. The exchanges at the leading clearing houses in the United States during the week ended on the 6th aggregated $1,061,846,907, against $913,622,465 the previous week. The decrease, compared with the corresponding week in 1895, was 6.0. There were 285 business failures in the United States in the seven days ended on the 6th, against 278 the week previous and 234 in the corresponding period of 1895. The house of G. F. Oldhouse at Herold, Wis., was burned by a lamp explosion, and he and his wife and five children perished in the flames. The Bank of Frankfort, Mich., closed its doors with liabilities of $32,000 and assets of $60,000. The private bank of Malachi Maynard at Apple River, Ill., failed with liabilities of $37,000 and assets of $50,000. The Wayne county (W. Va.) courthouse was destroyed by fire. Loss, $50,000. All the records were saved. Thirty buildings were destroyed by fire at Snow Hill, Md. Attacked by a mob of white caps in Peru, Fla., Bowen Sykes shot four men fatally and six others were dangerously wounded. The Brockway counterfeiting gang was sentenced by Judge Green at Trenton, N. J. Brockway, the aged leader, was given ten years in the state penitentiary. William J. Dix, member of the Berry private detective agency, was convicted in Chicago of the murder of Frank White and given a life sentence in the penitentiary. Five other members of the same agency were convicted of manslaughter, but the sentences were not fixed. In the ladies' bicycle race in Chicago Tillie Anderson was the winner, going 359 miles and 6 laps in 18 hours. Helen Baldwin and Lizzie Glaw tied for second place, the score being 353 miles and 8 laps. The will of E. W. Nye (Bill Nye) leaves an estate valued at $75,000 to his wife. Three children of John Hahn, a prosperous farmer of the ChoctawHatchee valley, Geneva county, Ala., were burned to death. A fire in warehouse No. 3 of the Union Warehouse company at Louisville, Ky., caused a loss of $200,000. The inaugural step made by Ballington Booth, the deposed commander of the Salvation Army in America, in a rival organization on lines similar to the one from whose command he has been relieved, met with success in New York city. After a session lasting 54 days the South Carolina legislature adjourned sine die. Edward Hack, a young barber at Oakland, Cal., shot and killed Diana Pacheco and then killed himself. Objections to their getting married was the cause. The shovel factory of Hubbard & Co. at Pittsburgh, Pa., was damaged by fire to the extent of $100,000. Two cars of the Kirkwood electric railroad collided near St. Louis, and 50 persons were injured, four fatally. John R. Pierce, cashier of Sol Sharp & Co.'s poolrooms in Covington, Ky., was said to be missing with $11,000 belonging to the firm. The Glen knitting mills at Cohoes, N. Y., were burned, the loss being $100,000. PERSONAL AND POLITICAL. Peter Richard Kenrick, who for 55 years was the Roman Catholic bishop cf the St. Louis diocese, died in that city in the 90th year of his age. Kentucky republicans will meet in Lexington on April 15 to select delegates to the national convention. The republicans in the Kentucky legSt John Bovle of

4. March 14, 1896 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, March 14, 1896

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DOMESTIC. A fire among business buildings at Johnstown, Pa., caused a loss of $150,000. At Fort Smith, Ark., sentence of death for murder was passed upon George Pearce, Webster Isaacs, John Pearce, Berry Foreman and Mollie King, and their execution set for April 25. With the subsidence of the waters which overwhelmed the greater part of New England figures of losses show total damages of over $2,000,000. Six lives were lost. The 103d anniversary of Washing ton's second inauguration as president of the United States was observed in Philadelphia by the Pennsylvania Society of Colonial Darnes of America. Throughout eastern Berks county, Pa., for a distance of ten miles, a distinct shock of earthquake was felt and houses were shaken, windows rattled and glass broken. a The Ohio legislature has passed bill making Lincoln's birthday a legal holiday. Capt. Simon Baker, Larry Seaman William Anderson and M. Moguat were drowned by the wrecking of the schooner Willie Ann off the Florida coast. The National Wholesale Lumber Dealers' association in session at Saginaw, Mich., elected Charles M. Betts, of Philadelphia, as president. The Northwestern Normal school, with an enrollment of 400 students from almost every state in the union, was burned at Stanberry, Mo. It was rumored that President Cleveland would send a military commission to Cuba to report on the condition of aifairs there. McDonald & Watt, wholesale grocers at Fort Wayne, Ind., made an assignment with liabilities of $100,000. H. C. Wilmouth pleaded guilty to bigamy at Kansas City, Kan., and said that in the last nine years he had married nine different women, all of whom are living. Students at Princeton (N.J.) college burned in effigy the king of Spain and destroyed a Spanish flag. The date for the execution of H. H. Holmes, the convicted murderer of Benjamin F. Pietzel and alleged murderer of 21 others, was fixed by Gov. Hastings, of Pennslyvania, wiho named May 7. Gov. Bushnell, of Ohio, pardoned Jefferson Moorehead, who was convicted 27 years ago of murder and sent to state prison for life. It is now thought that he is innocent of the crime. Daniel Talmage's Sons, rice merchants in New York, with branches at Charleston and New Orleans, assigned with liabilities of $200,000. In a fit of absent-mindedness Mrs. Bert McConnell, of Seville, O., thrust $3,300 in money, notes and securities into the fire. O. B. MacKnight, a private banker at Wilkesbarre, Pa., failed with liabilities of $100,000; assets, $40,000. The exchanges at the leading clearing houses in the United States during the week ended on the 6th aggregated $1, 061,840,907, against $913,622,465 the previous week. The decrease, com pared with the corresponding week in 1895, was 6.0. There were 285 business failures in the United States in the seven days ended on the 6th, against 278 the week previous and 234 in the corresponding period of 1895. The Bank of Frankfort, Mich., closed its doors with liabilities of $32,000 and assets of $60,000. The private bank of Malachi Maynard at Apple River, III., failed with liabilities of $37,000 and assets of $50,000. The Wayne county (W. Va.) courthouse was destroyed by fire. Loss, $50,000. All the records were saved. Thirty buildings were destroyed by fire at Snow Hill, Md.

5. March 14, 1896 The Diamond Drill Crystal Falls, MI
Article from The Diamond Drill, March 14, 1896

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DOMESTIC. The National Wholesale Lumber Dealers' association in session at Saginaw, Mich., elected Charles M. Betts, of Philadelphia, as president. It was rumored that President Cleveland would send a military commission to Cuba to report on the condition of affairs there. The Northwestern Normal school, with an enrollment of 400 students from almost every state in the union, was burned at Stanberry, Mo. H. e. Wilmouth pleaded guilty to bigamy at Kansas City, Kan., and said that in the last nine years he had married nine different women, all of whom are living. The date for the execution of H. H. Holmes, the convicted murderer of Benjamin F. Pietzel and alleged murderer of 21 others, was fixed by Gov. Hastings, of Pennslyvania, who named. May 7. Gov. Bushnell, of Ohio, pardoned Jefferson Moorehead, who was convicted 27 years ago of murder and sent to state prison for life. It is now thought that he is innocent of the crime. Daniel Talmage's Sons, rice merchants in New York, with branches at Charleston and New Orleans, assigned with liabilities of $200,000. In a fit of absent-mindedness Mrs. Bert McConnell, of Seville, O., thrust $3,300 in money, notés and securities into the fire. O. B. MacKnight, a private banker at Wilkesbarre, Pa., failed with liabilities of $100,000; assets, $40,000. The exchanges at the leading clearing houses in the United States during the week ended on the 6th aggregated $1,061,840,907, against $913,622,465 the previous week. The decrease, compared with the corresponding week in 1895, was 6.0. There were 285 business failures in the United States in the seven days ended on the 6th, against 278 the week previous and 234 in the corresponding period of 1895. The Bank of Frankfort, Mich., closed its doors with liabilities of $32,000 and assets of $60,000. The private bank of Malachi Maynard at Apple River, III., failed with liabilities of $37,000 and assets of $50,000. The Wayne county (W. Va.) courthouse was destroyed by fire. Loss, $50,000. All the records were saved. Thirty buildings were destroyed by fire at Snow Hill, Md. The house of G. F. Oldhouse at Herold, Wis., was burned by a lamp explosion, and he 'and his wife and five children perished in the flames. The Brockway eounterfeiting gang was sentenced by Judge Green at Trenton, N. J. Brockway, the aged leader, was(given ten years in the state penitentiary. In the ladies' bicycle race in Chicago Tillie Anderson was the winner, going 359 miles and 6 laps in 18 hours. Helen Baldwin and Lizzie Glaw tied for second place, the score being 353 miles and 8 laps. The will of E. W. Nye (Bill Nye) leaves an estate valued at $75,000 to his wife. Three children of John Hahn, a prosperous farmer of the ChoctawHatchee valley, Geneva county, Ala., were burned to death. Attacked by a mob of white caps in Peru, Fla., Bowen Sykes shot four men fatally and six others were dangerously wounded. A fire in warehouse No. 3 of the Union Warehouse company at Louisville, Ky., caused a loss w $200,000.

6. January 8, 1897 Hopkinsville Kentuckian Hopkinsville, KY
Article from Hopkinsville Kentuckian, January 8, 1897

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Financial and Industrial Interests-Notabie Disasters of Various Kinds-Crimes and Lynchings-The Political Arena Sportsman's Column. BUSINESS FAILURES. BANKS GENERALLY - INCLUDING VOL-UNTARY SUSPENSIONS. Jan. II-Exchange, Greeley Center, Neb. Fifth Avenue savings, Columbus, O. Jan 13-Bank of Ogalalia, Neb. Jan. 14-Banks at Blue Springs and Stratton, Neb. Jan. 15-Bank of Wauneta, Neb City bank, Minneapolis. Jan. 16-Irish-American, Minneapolis. Jan. 17-Farmers' national, Portsmouth Jan. 20-Bank of Commerce, Grand Island, Neb. Feb. 6-At Momence, III, bank of Wilton M. Durham Maurice, Ia., State Citizens', Connersville, Ind Feb. 14-Exchange, Flemingsburg, Ky. Feb. 17-McCague savings, Omaha. Mar. 3-Central Trust and Savings, Chicago. Mar. 6-Bank of Frankfort, Mich Malachi Maynard's, Apple River, III. Mar. -Sherman county, Goodland, Kan. Bloomfield (Neb.) State Commercial and Savings, San Jose, Cal. Mar. 27-Midway (Ky.) Deposit. Mar. 30-First national, Morris, Minn. Apr. 4-Farmers', Decatur, III. Apr. 11-Chadron (Neb.) Banking Co. Apr. 16-First national, and Liberty savings, Bedford City, Pa. Apr 22-American national, Denver, Col., $865,231. Apr. 24-Grand Forks (N. D.) national. May 1--City savings. Hot Springs, Ark Bank of Fairland, III. May 7-Citizens', Union City, Ind. May 14-Sumner national, Wellington, Kan. May 19-Citizens', Edwardsburg. Mich. May 26-National, Jefferson, Tex. May 28-Bank of New England, Manchester, N. H. June 2-Bank of Maroa, 111 June 3-Farmers' deposit, Creighton, Mo. June 11-John A. Thompson's bank, Edinburg. Ind First national, Larned, Kan. June 16-First national, and Bank of Cheney, Chency, Wash June 25-Security savings, Winchester, N. H Hinsdale (N. H savings. July 13-People's savings. Lansing, Mich. July 16-First national, Hillsboro, O. July 23-German savings, Omaha. July 27--Farmers' bank, Rock Valley, Ta. July 29-Denison (O.) deposit. Aug. 6-American national, New Orleans Conkling Bros., Nevada (Mo.) bankers Banks at Bronaugh and Richards, Mo. Aug. 7-Lake county, East Chicago, Ind. Ingham county savings, Lansing, Mich. Aug. 11-Security, Duluth, Minn. $800,000 Murray Hill, New York. $500,000. Aug. 12-Bank at National City, Col. Aug. 14-State bank. Peru. III. Aug. 19-Bank of Argentine, Kan. Aug. 21-Bank of Wymore, Neb. Aug. 24-Church & Son's state bank at Lowell, Mich Aug 28-Sloux national. Sloux City, Ia., $900,000. Sept. 1-First national, Beatrice, Neb. Sept. 2--Manufacturers' bank, West Duluth, Minn State Loan & Trust Co. bank. Ogalalla, Neb. Sept. 4-First national, Helena. Mont. Sept. 5-Jackson county. Black River Falls, Wis. Sept. 10-Mutual national, New Orleans. Sept. 11-Bankof Commerce, New Orleans. Sept. 14-Bennett national, New Whatcom, Wash Sept. 16-Midland state, Omaha, Neb. Sept. 17-Shellsburg (Wis.) bank. Sept. 19-National, Troy, N. Y.; $449,000. Sei. t. 22-Pawnee (III.) bank. Sept. 23-Mapleton (Minn.) bank. Sept. 25-Argonia (Kan.) state bank. Sept. 26-Tribune (Kan.) bank. Oct. 5-First national, Mount Pleasant, Mich. Oct. 7-First national, Ithaca, Mich Oct. 10-Security Trust Co., Nashua, N. H. Oct. 12-First national, Eddy, N. M. Oct. 14-Marine national, Duluth, Minn Bank of r Second national, Rockford. III Commerce, Buffalo, N. Y. 1 Bank Oct. 16-Merchant's, Atlanta, Ga of Pukwana, S. D. < Oct. 19-Marion (O.) Deposit. Oct. 28-At Big Rapids, Mich., Mecosta c savings. Nov. 5-Marine national, Duluth. Minn. Nov. 10-Iowa savings, Sioux City First national, Decorah, Ia. 1 Nov. 14-La Harpe (111.) bank. 4 Nov. 19-First national, Sioux City, Ia Sioux City, la. Nov. 22-First national, East Saginaw, Mich Nov. 23-Dakota national, Sloux Falls, S. f D. Nov. 24-Davis County Savings associaC tion, Gallatin, Mo. Nov. 28-Citizens' bank, Midlothian, Tex. Mis D Nov. 30-First national, Tyler, Tex souri national. Kansas City: $1,131,000 r Dec. 1-German-American, Portage, Wis. Bank of Westport, Mo. e Dec. Baxter, of Baxter Springs, Kan. Henry county, at Clinton, Mo. f Dec. 10-Harlan (la.) state Jonathan Easterly, Columbiana (O.) bankers. S Dec 11 National Bank of Commerce, Duluth, Minn First national, Niagara, 0 N.Y. a Dec. 14-First national, Holidaysburg. Pa Banks at Martinsburg and Williamsburg, Pa. Dec. 21-National bank of Illinois, at Chi1 cago-E. S. Dreyer & Co., Chicago, $1,200,600 6 Wasmansdorff, Heinemann & Co. r Dec. 22-Bank of Minnesota, and Union stockyards bank, at St. Paul. W Dec. 23-Bank of West Superior, Wis American Banking & Trust Co., Auburn. V Me. Dec. 24-Calumet state bank, Blue Island, 1 III. Dec. 26-Security Mortgage & Trust Co., n Dallas, Tex.; $2,000,000-Atlas national, Chicago. Dec. 28-Bank.of Superior. Wis Scan-