4573. Merchants National Bank (Chicago, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
642
Charter Number
642
Start Date
July 15, 1903
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini
Short Digest
e6a20dc5

Response Measures

None

Description

Later newspaper listings (1903 and 1904) state 'Merchants National, Chicago, in receiver's hands.' No article explicitly describes a depositor run; the bank appears to be in receivership (closure). The 1878 item noting large silver payouts is not described as a run or suspension and likely reflects normal large withdrawals, so I did not classify a separate run.

Events (4)

1. December 24, 1864 Chartered
Source
historical_nic
2. March 29, 1902 Voluntary Liquidation
Source
historical_nic
3. July 15, 1903 Receivership
Newspaper Excerpt
Merchants National, Chicago, in receiver's hands; (also repeated in 1904 listings).
Source
newspapers
4. July 15, 1903 Suspension
Cause
Government Action
Cause Details
Listed as being in receiver's hands in newspaper insurance/bank listings, indicating the bank was placed in receivership/closed under authority.
Newspaper Excerpt
Merchants National, Chicago, in receiver's hands;
Source
newspapers

Newspaper Articles (3)

Article from The Cairo Bulletin, January 9, 1878

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Article Text

the in nung United States during 1877. -There are 41,656 pupils in attendance on the public schools of Chicago. -Five steamers salled from New 1 ork : m on Saturday, carrying heavy freights. OT et -The Vine street brewery, Cincinnati, was damaged $15,000 by fire. on Satur167 day, oh -The mortuary list for Chicago for at OF 1877 foots up 8,026, being 547 less than O in 1876. -It is the Oriental savings bank, of IT New York city, not the Oriental bank, which is closing up its business. Il -Abraham Lipman, a well known nt pawnbroker at Chicago, has failed. Liaag W bilities, secured, $60,000, unsecured. $80por 000. W. et -At Memphis, Tenn., a negro teams hyi ster was found frozen to death on the sp. 1 morning of the 4th. ed aar -One of the Murphy orators refused 0 to speak at Sloux City because the All an people would not pledge themselves not rat to drink cider. or by -The suspension of Clemont, Morton an ( & Co., of Chicago, creates a had feeling in the woolen trade at New York. It Ful was a surprise. -The United States steamer Kears [ sage floated off Beacon Ledge, in Portstio mouth (N. H.) harbor, on the rise of the rear tide last Friday night. fide inf -The merchants' national bank, of ion dis Chicago, has paid out $40,000 in silver G. itv trade dollars within the past ten days, at edio a profit of $2,000 bus hos me -The Grand Trunk has purchased the and Chicago and Lake Huron road-rolling yo 0398 stock and all-and before spring, Chicas with go will have another outlet east. that 6b W my -There were 1.166 deaths by accident, 1 y disaster, suicide or violence im New York rept is city during 1877. There were 162 suiwi of e cides, 48 murders and 164 drownings. 16 -August Hemenway, class of 1875, Harvard college, has given that instituC tion sufficient money to erect a new gymnasium that will accommodate three hundred persons. IT -Louis E. Dorion, city treasurer of Quebec, has been suspended for advances fier to of public money, illegally made, to Peton eleb owd buildings. & Co., contractors on the new parliament bat of is -Four passenger conductors on the yo Galena division of the Chicago & Northvart western railroad have been caught a n't "knocking down," and discharged. It is sa reported that others are involved, and ife will be discharged. hest are for -The railroads sold under forcelosure Unit during the past year numbered fifty-tour. of F embracing 3,875 miles, and possessed capital stock of $79,045,700, their bonds 00 F and debts amounting to $198,984,400. -In Carthage, Mo., there is a row rell between two rival factions of the tempersh to ance people. One wears the red and the rgat on other the blue ribbon, and each claims the to be the only genuine reform club." th $1 pay -A verdict wasentered in Judge Blod inst gett's court at Chicago, Saturday SAI rume against Chauncey T. Bowen for $45.000 the debt, and $4,093.98 damages. This suit ben be was bought upon 455 shares of stock of heir PEC the Cook county national bank of Chi IOR eago, standing in the name of Bowen. to r aget you -At Bowling Green, Ky., on the 4th Addre Frank Briggs and Gus Sublett, two colELI ored men, were engaged in shooting paper wads at each other while on CO hunting. Briggs, forgetting to take hi suane Co ram-rod out of his gun, fired and in the at stantly killed Sublett. atiff a -The United States circuit court a MONT Count Chicago has enjoined the St. Louis bee Bland dit of eanning company from making or sellin the article known in


Article from Daily Kennebec Journal, July 15, 1903

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Article Text

Fire Ins. Co., Chicago, same as above; Merchants and Manufacturers, Dover, Del., Chicago, not licensed; Mercantile F. and M., Washington, D. C., pro- ceedings to annul charter com- menced; Mercantile Ins. Co., Wilming- ton, Del.; Merchants Ins. Co., Charles- ton, W. Va.; Merchants Underwriters at Indemnity Exchange, Chicago, Lloyds; Merchants National, Chicago, in receiver's hands; Mt. Vernon, Alex- andria; Mutual Trust Co., Dover, Del.; Millers Mutual Ins. Co., Kansas City; Mercantile Fire Ins. Co., Indianapolis; Merchants Fire Underwriters, Chicago, Lloyds; Northwestern Fire Ins. Co., Chicago, not licensed; National Fire Ins. Co., Chicago, not licensed; *Na- tional Ins. and Investment Co., Dover, Del., Chicago, not licensed; Northwest- ern Fire Ins, Co., Chicago, not licensed; National Republic Fire Ins, Co., Chicago, not licensed; People's Fire Insurance Co., Kenosha, Wis., Prairie State Ins. Co., Chicago, incorporated W. Va., not licensed; Pulaski Kans. Co., Chicago, in receiver's hands; People's Ins. Co., Dallas; Regal Ins. Co., Chicago, not li- censed; Southern Ins. Co., Corsicana; Security Mutual Ins. Co., Omaha, in hands of receiver; Skane F. & M., New York; Star Fire and Burglary, Scot- land; Southern Fire Ins. Co., Atlanta, Ga., charter expired, not licensed; Se- curity F. and M. Ins. Co., Washing- ton, D. C., incorporated W. Va., suit of ouster pending; Traders Fire Lloyds, New York: Texas Fire Ins. Co., Waco, Texas; Threshermen's Protective As- sociation, New York; Union Fire Ins. Co., Charleston, W. Va.; Underwriters at Standard Lloyds, New York; Union Fire Co., Chicago, not licensed; Ver- non Ins. and Trust Co., Indiana, re- ceiver; Western Fire Ins., Chicago, not licensed; Western Illinois Ins. Co., Chicago, not licensed; Washington Fire, D. C., Western Fire, Marine and Plate Glass, Chicago, in receiver's hands; Western Ins. Co., Aurora, same company as above; Western Consoli- dated Underwriters, Chicago, Lloyds. * Special charter. The examination of candidates for advancement in the National Guard took place on Tuesday morning at 10 o' clock in the office of Adjutant Gener- al A. B. Farnham. The board consisted of Gen. Frank L. Hoyt, Lewiston; In- spector General, Col. L. H. Kendall, Biddeford, commanding the first regi- ment, and Col. E. E. Newcomb, East- port, commanding the second regiment. The examination lasted until 12.30 o'clock and when over it was an- nounced that all those who had ap- peared before the board passed. Fol- lowing is the list of those who took the examination: ### FIRST INFANTRY. Major William O. Peterson, (re-elec- ted Major). Capt. William C. Good- win (re-elected Captain) Co. K. Ser- geant Preston J, Carver, (Second Lieu- tenant-elect) Co. C. Second Lieut. Al- lie O. Pillsbury, (First Lieutenant- elect) Co. H. Q. M. Sergeant James F. Carver, (Second Lieutenant-elect) Co. H. Sergt. D. J. Lawler (First Lieu- tenant-elect) Co. L. ### SECOND INFANTRY. Major Frank M. Hume, (Lieutenant Colonel-elect). Captain Fen. B. Thompson, (Major-elect). First Sergt. Chase Pulsifer, (First Lieutenant-elect) Co. D. Second Lieut. Daniel B. Belch- er, (First Lieutenant-elect) Co. K. Sergeant Joseph F. Norton, (Second Lieutenant-elect) Co. K. A hearing was held by the fish and game commissioners at Springvale, Monday, on the petition of the Spring- vale Fish and Game Club for the clos- ing of brooks and streams tributary to Mousam and Square ponds in Acton and Shapleigh. The petition was granted. These ponds are well stocked with salmon and trout, the trout having been placed there only within a few years, but this year fish weighing 12 pounds have been taken in these ponds. The members of the club informed the commissioners that it was the best fishing season this year ever known by them at these waters. Percy H. Richardson, a well-known civil engineer of Portland, was at the room of the railroad commissioners all day, Tuesday, on business. The members of the board of railroad commissioners are at Portland, this week, attending the annual convention of the railroad commissioners of the country. The following are among the recent visitors to the fish and game depart- ment: Henrietta H. Johnson, Winthrop Cen-


Article from Daily Kennebec Journal, December 23, 1904

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Headache Biliousness, sour stomach, constipation and all liver ills are cured by Hood's Pills The non-irritating cathartic. Price 25 cents of all druggists or by mail of C. Hood & Co., Lowell, Mass. Columbia Ins. Co., Chicago. Not 11censed. Central Ins. Co., Chicago; incorporited. W. Va. Not licensed. Commercial Fire Ins. Co., Chicago. Not licensed. Commercial Fire Ins. Co., Philadelphia. Commercial Fire Ins. Co., Wilmington, Del. Continental Fire Asso., Fort Worth, Texas. In hands of receiver. Commerce. New Albany, Ind. Special charter; mandamus to compel report pending. Commonwealth Ins. Co., W. Va., Chieago. Not licensed. Continental Underwriters, Chicago. Not licensed; a Lloyds. Capitol Ins. Co., Jackson, Miss. in hands of receiver. Delaware Trust & Ins. Co., Wilmington. Del. Equitable Fire Ins. Co., Wilmington, Del. Equitable, Indianapolis. Special char'er; mandamus suit to compel report ending. Elgin National Ins. Co., Chicago. No vidence that this company is doing business. Not authorized. Fire Association, New York. Lloyds. Fort Wayne Ins. Co., Fort Wayne, ind. receiver. Georgia Indemnity Asso., Atlanta. Ga. Georgia Industrial Ins. Co., Chicago. Not licensed. German Union. Wilmington. Del. Germania Fire Ins. Co., Chicago. Inorporated W. Va. Not licensed. Great Britain Ins. Co., of London. Chicago. Not licensed. Illinois Ins. Co., Chicago. Ne evtdence that this company is trying to do any business. Not authorized. Interstate Ins. Co., Chicago; incorporated in W. Va. Imperial of Chicago. Not licensed. Independent Fire Underwriters, Springfield, III. Lloyds. Indiana Underwriters. Indianapolis. Received. Inter Ocean Ins. Co., Chicago. Lloyds. Kenosba Fire Ins. Co., Kenosba, Wis. London Fire Office. Lincoln Ins. & Banking Co., Hamnond, Ind. Receiver. Lincoln Fire, Chicago. Not licensed. Lloyd's Fire of Sweden. Mercantile Fire Ins. Co., Chicago. Claims not to be an Illinois corporation. Not licensed. Mutual Ins. & Industrial, Dover, Del., Chicago. Not licensed. Mercantile Fire Ins., Chicago. Same as above. Merchants & Manufacturers, Dover. Del., Chicago. Not licensed. Mercantile. F. & M., Washington, D. C. Proceedings to annual charter commenced. Mercantile Ins: CoaWlmington, Del. Merchants Ins. Co., Charleston, W. Va. Merchants Underwriters at Indemity Exchange. Chicago. Lloyds. Merchants National, Chicago. In reeiver's hands. Mt. Vernon. Alexandria. Mutual Trust Co., Dover, Del. Miller's Mutual Ins. Co., Kansas City. Mercantile Fire Ins. Co. Indianapois. Merchants Fire Underwriters, Chicago. Lloyds. Northwestern Fire Ins. Co., Chicago. Not licensed. National Fire Ins. Co., Chicago. Not licensed. National Ins. and Investment Co., Dover. Del., Chicago. Not licensed. Northwestern Fire Ins. Co., Chicago. Not licensed. National Republican Fire Ins. Co., Chicago. Not licensed. People's Fire Ins. Co., Kenosba, Wis. Prairie State Ins. Co., Chicago; incorporated in W. Va. Not licensed. Pulaski Mutual Ins. Co., Chicago. In receiver's hands. Peoples' Ins. Co., Dallas. Regal Ins. Co., Chicago. Not licensed. Southern Ins. Co., Corsicana. Security Mutual Ins. Co., Omaha. In hands of receiver. Skam F. & M., New York. Star Fire and Burglary, Scotland. Southern Fire Ins. Co., Atlanta, Ga. Charter expired. Not licensed. Security F. & M., Ins. Co., Washington. D. C.; incorporated, W. Va.: suit of ouster pending. Traders Fire Lloyds, New York. Texas Ins. Co., Waco, Texas. Threshmen's Protective Asso., New York. Union Fire Ins. Co., Charleston, W. Va. Underwriters at Standard Lloyds, New York. Union Fire Co., Chicago. Not licensed. Vernon Ins. & Trust Co., Indians. Received. Western Fire Ins. Co., Chicago. Not licensed. Washington Fire, D. C. Western Fire. Marine Plate Glass, Chicago. In receiver's hands.