4453. German Savings Bank (Chicago, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
January 7, 1879
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini
Short Digest
463b889b

Response Measures

None

Description

Articles (Jan–May 1879) show O. H. Horton as Receiver of the German Savings Bank and receiver's reports of receipts and disbursements and payment of savings deposits. No article describes a depositor run; the bank was in receivership and being wound up. Classified as suspension leading to closure/receivership.

Events (2)

1. January 7, 1879 Receivership
Newspaper Excerpt
THE GRHMAN SAVINGS BANK. The following is the showing made by O. H. Horton, Receiver of the German Savings Bank: RECEIPTS. Balance Dec. 1, 1878 $ 353 ... DISBURSEMENTS. Savings deposits paid by transfers $2,000 ... Receiver's expenses Insurance 112-$3,152 Balance on hand $ 370
Source
newspapers
2. May 8, 1879 Other
Newspaper Excerpt
O. H. Horton, Receiver of the German Savings Bank, filed his seventeenth report yesterday in the Superior Court, which shows as follows: RECEIPTS. $12,203 Cash April 8, date of last report ... DISBURSEMENTS. $3,525 Savings deposits transfers for bank property. 3,243 Receiver's expenses ... Balance on hand
Source
newspapers

Newspaper Articles (3)

Article from Chicago Daily Tribune, January 7, 1879

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Article Text

Instance on tishu $50,000 THE GERMAN-AMERICAN. The following is the report of Justus Killan, Receiver of the German-Americun Bank: RECEIPTA, 5 1,654 Balance last report 20 Hents Real estate 3,005 8 4,775 DISBURSEMENTS. 13 Account of Grat dividend $ 103 Account of second dividend 709 Paid in offsets Special loan 2,498 308 Taxes. repairs, etc 32 Sundry expenses 70- 3,887 Receiver's expenses, etc Balance on hand 888 $ The liabilities of the bank at the time of the first report were $53,100, claims presented since, $3,465, making n total of $54,635, which have been reduced to 897,008. THE GRHMAN SAVINGS BANK. The following is the showing made by O. H. Horton, Receiver of the German Savings Bank: RECEIPTS. Balance Dec. 1, 1878 $ 353 fillie receivable 2,630 Rents 545 Total $3.520 DISBURSEMENTS. Savings deposits paid by trunsfers $2,000 of bank property Ground rent 240 200 Receiver's expenses Insurance 112-$3,152 Balance on hand $ 370


Article from Chicago Daily Tribune, January 17, 1879

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Article Text

THE COURTS. # D. K. Tenney Sues for Damage Done to His Nose. # A New Way of Gatting After the Stink-Factories. Record of Judgments, New Suits, [Criminal Mat-ters, Ele. A suit of a decidedly novel kind was begun yesterday by D. K. Tenney, the well-known lawyer, against the proprietors of divers slaughter-houses and rendering-establishments to recover damages for the noisome smells which issue from their factories. The names of the defendants are as follows: The Chicago Packing & Provision Company, The Allerton Packing Company, John O'Neil, Joseph Sherwin, B. P. IHutchinson, B. F. Murphy, P. D. Armour, H. U. Armour, S. Α. Ricker, H. A. Botsford, Mortiner Scanlon, C. 1. Favorite, J. C. Block, W. P. Hand, Henry Obendorf, George II. Iliggins, J. S. Youuglove, Andrew Finley, James Paxton, Christian Wahl, Robert D. Fowler & Bro., S. W. Allerton, and John B. Robinson. The plaintiff says he owns a house and lot on the South Side, where he and his family reside, and the defendants are possessed of certain premises used for slaughtering animals, and "for manufacturing fertilizing materials froru the offal of such animals, from the carcasses of dead anl-mals, and from promiscuous carrion in general found in the streets of Chicago." They ought to bave 80 carried on their business as not to have injured "the plainti and other peaceable and well-disposed citizens," but they have not; and, on the contrary, they have, as is charged, so carried on their operations "that divers noisome, noxious, nauseating, sickening, offen-sive, and unwholesome vapors, fumes, amokes smells, stenches, aud putrefying exhalations" have been given off from their factories, which have penetrated into plaintifl's dwelling and seriously interfered with the health and comfort of himself and family. And he reckons his damages at not less than $20,000, DIVORCES. Fannie Flecker complains that her husband, Frank Flecker, about three years ago, after they had been married some six years, stole all her personal property and furniture, and also a large amount of money from his employers, and then left the country, and yesterday sha filed a bill for divorce, asking also to be allowed to resume her maiden name of Fannle Plech-arty. Judge Farwell yesterday granted a divorce to Annie Iluut from Frederick O. Hunt on the ground of desertion, the complainant to have the care of the children, and to Johanna Wellman from Henry C. Wellinan for drunkenness, she to have the care of the children. ITEMS. The Appellate Court has concluded its call, but the Judges will be in Chambers for the next two weeks or more to consider the cases sub-mitted, and to write opinions. They have not decided whether they will deliver opinions Mon-day afternoon or not. The hearing of the case of the Protection Life-Insurance Company vs. Osgood, in the Appellate Court, was postponed until next term. In the case of Taylor vs. Keep, the Taylor will case, in the sapie Court, an appeal to the Supreme Court was granted on filing a boud In the sum of 250. Mr. O. H. Horton, Receiver of the German Savings Bank, was yesterday, on his own peti-tion, authorized to pay E. A. Otis $1,903.52 for his services as solicitor up to the present tiine. A composition meeting will be held at 2 p. m. to-day in the case of J. M. W. Jones. UNITED STATES COURTS. Isaac W. Rancke, of Pennsylvania, commenced a suit yesterday for $10,000 against Churles Baltz. The Turner & Seymour Manufacturing Com-pany filed a bill against the Chicago Curtain-Fixture Company, W. II. Ovington, Henry E. Austio, administrator, and George P. Ross,-to unearth assets of the Curtain-Fixture Company with which to satisfy a judgment for $2.534,08. The Company was organized in Feb-ruary, 1872, under the general law, with a capi-tal of $25,000, and with W. II. Ovington as President. It pretended to have its stock pald up, but complainant charges that this was not so, but that one-third the stock was paid by the assignment of a patent by Ileury L. Hall, and the other two-thirds were pald by the notes or checks of Ovington, which were immediately drawn out as soon as the Company was organ-ized. It is also alleged that the Company wasney-re properly organized, but that the defendante went through the form of getting up acompany to escape personal Halıility as stockholders. The complainant also thinks that the defendanta have the books of the Company in their hands and a large amount of assets which might be used in paying his claim, and he asks that they may be compelled to discover what assets of the Company they have, and to pay his judguient. SUPERIOR COURT IN BRIEF. James K. Finlay commenced a suit yesterday against The Kansas City, Emporia & Southern Kailroad Company, claiming $10,000. The Union Mutual Life-Insurance Company flied a bill against Francis Larned and Joseph A. Sleeper to forclose a trust deed-for $12,850 on Lots 10, 9, 8, the W. ¼ of 7, and all of Lot 11, which lies west of a line drawn through the centre of sald Lot 7, from north to soutis, and parallel with the east and west lines thereof extended across sald Lot 11, sald line crossing the south line of said Lot 11 at a point eighty-four fect cast from the west line of said lut, -all of wald lots being in Burrough's Subdivision of Lot 53 in Ellis' East Addition to Chicago. The Ottoman Carver Company filed a bill against James F. Dane and Seaman P. Richards to prevent them from using its trade-mark of Ottoman Calhvey." CIRCUIT COURT. C. II. McCormick filed a distress warrant agalust Solomon M. Wyman to recover 8875 rent of the store Nos. 123 and 124 State street. The National Bank of West Virginia began a suit by attachinent against Samuel Kimberly, claiming 85,000. W. 11. Watson sued the City of Chicago for $2,000. CRIMINAL COURT. In the care of Edward and John Garrity et al., charged with assaulting Officer Castello, the jury found the Garritys guilty, and gave El-ward Garrity one year in the Penitentiary. Jolin was found under age and remanded. The others were acquitted, and all of them have yet to answer four indictinents of the same nature. William Saunders was found guilty of assault and given sixty days in the County Jail. John Perry was tried for rape and aequitted. Ole Olseri was tried for carrying burglar's tools and acquitted. John Schultz was found guilty of burglary and given eighteen months in the Penitentiary. Joun Jones was on trial for burglary. THE CALL JUDGE BLODGETT-150 to 152, inclusive, No. 140, Callaghan vs. Germania Insurance Company, on trial, but only good for an hour. THE APPELLATE COURT-Motione. JUDON GAN-71,72, 74, 75, 74, 70, 81 to 1H, DU, 108, 00, and 100 to 110, all inclusive, No. 70, Rudy va. L'arstons, on trial. JUDGE JAMESON-Assists Judge Gary to-day. Condemnation cases postponed until Monday. COM-116, 10, 20. No. 15, Turpin vs. Connolly, on bearing. Jupas ROGEUS-375 and 370. No. 372, Esebett v. City, on trial. JUDGE BOOTH-Set care, 5, 320, Peebles vs. Hum-Bay. No. 4:17. Baroer vs. Chicago West Division Hallway Company, on trial. JUDOK FARWALI-1.50. Menduon ya. Pariah


Article from Chicago Daily Tribune, May 8, 1879

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Article Text

THE COURTS. Dr. Brooks and the Hot Springs DrugStore-A Broken Bank. Record of Judgments, New Suits, Di. vorce Petitions, Etc. O. H. Horton, Receiver of the German Savings Bank, filed his seventeenth report vesterday in the Superior Court, which shows as follows: RECEIPTS. $12,203 Cash April 8, date of last report 3,538 10 Bills receivable. 354 Cash Items Rents. $10,103 Total DISBURSEMENTS. $3,525 Faringsdeposits transfers for bank property. 3,243 Receiver's expenses +- $8.752 Taxes $0,410 Balance on hand