Chrisman Bank (Chrisman, IL)

Episode Information

Episode UID
4413147491101
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
441314749 hash
Start Date
September 28, 1891
Location
Chrisman, Illinois (39.804, -87.674)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6b4c441096fdb086

Response Measures

None

Description

Owners missing and books falsified; receiver appointed shortly after suspension.

Events (3)
1. September 28, 1891 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Owners absent, books falsified and insolvency indicated; large deficits in assets vs liabilities
Newspaper Excerpt
On the morning of the 28th the bank failed to open
Source
newspapers
2. October 1, 1891 Receivership
Newspaper Excerpt
James A. Eads...was appointed receiver for the bank Thursday
Source
newspapers
3. October 3, 1891 Other
Newspaper Excerpt
loss will not be less than $150,000...assets will not exceed $10,000
Source
newspapers

Newspaper Articles (5)
1. October 3, 1891 Telegram-Herald Grand Rapids, MI
Article from Telegram-Herald, October 3, 1891

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Article Text

They Owe $150,000. PARIS, III., Oct. 2.-Developments in the Chrisman bank failure not only confirm the first reports, but make the situation even more serious than was supposed. It is now stated on competent authority that the loss will not be less than $150,000, and will probably exceed that sum. The assets will not exceed $10,000. James A. Eads, of this city, was appointed receiver for the bank Thursday and a special grand jury was impaneled to find indictments against the Standifords. Mississippi Valley Medical Association. Sr. Louis, Oct. -The Mississippi Valley Medical association meets in St. Louis October 14, 13 and 16. It will be one of the largest meetings in the history of the association. At the same time there will be convened the general committee on pan-American Medleal congress which is to be held on the occasion of the world's fair, either in Chicago or Washington, as may be determined by the committee.

2. October 7, 1891 Wheeling Register Wheeling, WV
Article from Wheeling Register, October 7, 1891

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Article Text

Twas a Very Bad Break. PARIS, ILL., October 6.-Judge Eads, the receiver of the Chrisman bank that falled last week, has made as examination of the books, and says they are in extremely bad shape, being falsified from one end to the other. He also says the bank will not pay five cents on the dollar.

3. October 7, 1891 Watertown Republican Watertown, WI
Article from Watertown Republican, October 7, 1891

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Article Text

Both Owners Missing. The Chrisman Bank, which has for years ranked among the solid financial institutions of Edgar County, Illinois. has failed. On the morning of the 28th the bank failed to open, but a panic was avoided by a telegram from A. B. Standiford, the senior of the firm, dated Chicago, saying that he had missed connection and would be in Chrisman that evening. The junior partner, J. E. Standiford, departed for the West over two weeks ago. The next evening, as neither had returned, proceedings were instituted, and it became evident that the worst had come. Among the heaviest losers are Bibo & Co., bankers, $22,000; W. T. Gilkey, Chrisman, $20,000; Samuel Kenton, $4,000, and Jesse Lowther, $3,000. There were also small deposits, aggregating over $25,000. The liabilities are variously estimated at from $75,000 to $150,000. The assets are small.

4. October 8, 1891 Eagle River Review Eagle River, WI
Article from Eagle River Review, October 8, 1891

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Article Text

Both Owners Missing. The Chrisman Bank, which has for years ranked among the solid financial institutions of Edgar County, Illinois. has failed. On the morning of the 28th the bank failed to open, but a panic was avoided by a telegram from A. B. Standiford, the senior of the firm, dated Chicago, saying that he had missed connection and would be in Chrisman that evening. The junior partner, J. E. Standiford, departed for the West over two weeks ago. The next evening, as neither had returned, proceedings were instituted, and it became evident that the worst had come. Among the heaviest losers are Bibo & Co., bankers, $22,000; W. T. Gilkey, Chrisman, $20,000; Samuel Kenton, $4,000, and Jesse Lowther, $3,000. There were also small deposits, aggregating over $25,000. The liabilities are variously estimated at from $75,000 to $150,000. The assets are small.

5. October 10, 1891 The Superior Times Superior, WI
Article from The Superior Times, October 10, 1891

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Article Text

Both Owners Missing. The Chrisman Bank, which has for years ranked among the solid financial institutions of Edgar County, Illinois, has failed. On the morning of the 28th the bank failed to open, but a panic was avoided by a telegram from A. B. Standiford, the senior of the firm, dated Chicago, saying that he had missed connection and would be in Chrisman that evening. The junior partner, J. E. Standiford, departed for the West over two weeks ago. The next evening, as neither had returned, proceedings were instituted, and it became evident that the worst had come. Among the heaviest losers are Bibo & Co., bankers, $22,000; W. T. Gilkey, Chrisman, $20,000; Samuel Kenton, $4,000, and Jesse Lowther. $3,000. There were also small deposits, aggregating over $25,000. The liabilities are variously estimated at from $75,000 to $150,000. The assets are small.