4627. Oakland Bank (Chicago, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 22, 1890
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini
Short Digest
aef6ba6b

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches report the Oakland Bank (corner Cottage Grove and Oakwood Blvd.) suspended payment and made an assignment to Wm. L. Moss on Sept. 22, 1890. Reports state the Hyde Park branch (owned by same people) also closed and that neither bank will resume. Articles cite heavy depositor demands and difficulty in cashing securities as reasons; no distinct run event is separately reported in these items.

Events (1)

1. September 22, 1890 Suspension
Cause Details
Unusually heavy demands by depositors and difficulty in getting securities cashed, producing suspension and assignment to Wm. L. Moss.
Newspaper Excerpt
The Oakland bank ... suspended payment this morning, an assignment having been made to William L. Moss.
Source
newspapers

Newspaper Articles (16)

Article from The Wichita Daily Eagle, September 23, 1890

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Article Text

A CHICAGO BANK SUSPENDS. CHICAGO. III., Sept. 22-Oakland bank, situated at the corner of Cottage Grove avenue and Oakwood boulevard, suspended payment this morning, an assignment having been made to William L. Moss The liabilities are stated to be $60,000 and the nominal assets $75,000.


Article from The Portland Daily Press, September 23, 1890

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GENERAL NEWS. The suspension of Henry T, Godet & Co., was announced on the Now York Stock Exchange yesterday. The Oakland bank of Chicago has suspendedpayment, The liabilities are $60,000 nominal assets $15,000. Fire in the Metropolitan line steamer General Whitney, at New York, yesterday, did several thousand dollars damage. W. B. Witherell & Co., clothing manufacturers and jobbers, Summer street, Boston, Mass., settled with their creditors for 55 cents on a dollar. The country residence of Mr. Manchester of New York city. near Troy, was burned Sunday night, and Mr. Manchester's young son perished in the flames. The world's fair site in Chicago as finally adopted includes Washington and Jackson parks, the Midway Pleasure Ground, connecting them, and a front of about 1,000 acres. Joseph George, a Portuguese in the employ of the Pacific Steam Whaling Company, was killed by Esquimaux in the Artic regions last June because he had won the love of an Esquimeau woman. One of the most terrific tornadoes that ever visited the western portion of North Carolina, swept over that section Saturday. The tobacco crop, the finest in many years, was almost ruined. P. M. Bryde of the executive boord of the United Mine Workers, says there will be a strike in Illinois if wages there are not raised to something near the standard in other states, by November 1. The boiler of a freight engine on the East


Article from The Morning News, September 23, 1890

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Article Text

A Chicago Bank Suspends. CHICAGO, Sept. 22.-The - Oakland Bank, situated at the corner of Cottage Grove avenue and Oakwood boulevard, suspended payment this morning, an assignment baying been made to William L. Moss. The liabilities are stated to be $60,000, and the nominal assets $75,000.


Article from The Roanoke Times, September 23, 1890

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Article Text

A Chicago Bank Suspends. CHICAGO, Sept. 22.-[Special]-The, Oakland bank, situated at the corner of Cottage Grove avenue and Oakwood boulevard, suspended payment this morning, an assignment having been made to Wm. L. Moss. The liabilities are stated to be $60,000 and nominal assests, $75,000.


Article from Daily Tobacco Leaf-Chronicle, September 23, 1890

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NEWS TN BRIEF. A Condensation of Interesting Items on Various Subjects. Dynamiters triod to blow up a saloon at Sauford, Ind. Perry Anderson was gored to death by a ball near Winchester, Ky. A boy was burned to death in a fire near Troy, N. Y., Sunday night. Charles Clark "Stevenson governor of Nevada, died at Carson Sunday. Rev. G. T. Cain tell dead in the pulpit at Albion, N. Y., Sunday of heart disease Mrs. George Vannatta suicided with strychnine at Shelbyville, Ky. Tired of life. The goverenment crop report last week was more faverable than for the preceding week. The trial of Burchell for the murder of Benwell was bégun at Wordstock on Monday. George Cuffy, white married man, eloped with a colored nurse girl at Greensport, N. Y. Several degenerate sons of noble Shelbyville, Ind., sires are in jail for systematic burgling. Joseph Stewart stole a ride on a train to Fort Wayne, Ind., and the iron wheels stole his life away. Investigation by the state board of health reduces that Bergholz, O., cholera story to a state of collapse. Sanford, Ind., temperanceites put down Isadore Mulvaney liquor-joint by sending it to mingle with the stars per dynamite. Muddy water in a steam thresher boiler at Athens, O., reduced the machine to small pieces, and the boy in harge to life less dust. Another grave dug in the Wapakoneta, O., cemetery for the 7-year-old Minnich child, who looked into the barrel of a shotgan. Rev. John Gailry, a Millersburg, O., United Presbyterian preacher, is suspended on charge of associating 100 gaily with the wine can. William Williams was fatally shot at Carrollton, Ky., by George Dean, who had seduced Williams' daughter. There is talk of lynching. The first of the ten-inch breech-leading rifles built by the ordnance department of the army. was tested at Sandy Hook Saturday with satisfactory results. At Carrollton, Ky., Billy Williams, who accused George Dean of seducing his daughter and threatened his life, was shot and fatally wounded by Dean, Saturday. Colored William Davis, is arrested on charge of being the man who willfully abbreviated the mortal career of the marshal of Haughville, Ind., somo months ago. And now it is Tiffin who is fighting the Standard Oil company with wild weeps and cusses for the privilege of lighting her own streets and houses as her municipal majesty sees fit. McAuliffe and Slavin, who were to fight in England Monday night, were both arrested Monday morning by police officers. Each were bound over in the sum of £2,000 to appear in court Tuesday. John H. Seering. bookkeeper for the Cincinnati stone works, has fled, taking with him bank books and checks and other evidences of his rascalities. He is supposed to be a defaulter for over $1,000. At Springfield, O., 7,000 people attended the funeral of suicide and murderer Charles Drumm and the wife he killed. The woman's coffin was covered with flowers, while the murderer's casket was bare Columbus Hanchias, the counterfeiter in the In ianapolis jail, attempted to courty the woman with whom he has en living that she might not testify against him, but the cruel authorities interfered. Indianapolis Cigar company has its safe as good as new through the thoughtfulness of the bookkeeper in leaving open the door through which the midnight callers abstracted $270 and fifteen gold watches. Indianapolis business men have lost large sums of money investing in "tiger" skins and their wives will shiver all through the inclement winter months in plain beaver cloaks with not as much as a sealskin trimming. The Oakland bank, Chicago, suspended Monday. The Hyde Park bank followed suit. Neither will resume. The unusually heavy demand of the depositors and the difficulty of getting securities cashed are the reasons given for the failures. The King Powder company and the Peters Cartridge company have sued the Pittsburg, Cincinnati, Chicago and St. Louis Railway company for $167,833.05 as damages to property and delay of business from the King's mills explosion last July.


Article from The Madison Daily Leader, September 23, 1890

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Article Text

A Bank Suspends Payment. CHICAGO, Sept. 22.-The Oakland bank suspended payment this morning, an assignment having been made to Wm. L. Moss. The liabilities are stated to be 860,000 and nominal assets 875,000.


Article from Waterbury Evening Democrat, September 23, 1890

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NEWS OF THE DAY. The six raftsmen who were imprisoned on a raft in the St. Lawrence river were rescued. Seven persons dead and eight others likely to die are the results of the railroad accident in Chicago. In a riot between [miners at Scottdale, Pa., one man was fatally stabbed and several others badly injured. Ebenezer E. Curtis died at Simsbury, Conn., aged 68 years. He was a member of the Connecticut Legislature in 1882. George Shafer, a weak-minded boy at St. Louis, Mo., shot and killed Henry Gratton, who had called him "Crazy George." The National Association of Trotting Horse Breeders will hold their annual meeting September 30 and October 1, 2 and 3 in Cleveland. Ohio. Louis Kemeline, a prisoner in the Cooperstown (N. Y.) Jail, assaulted Sheriff Talmadge in an endeavor to escape, inflicting serious injuries. John Riding died in Amsterdam, N. Y., yesterday at the age of 65 years. He was a veteran soldier and was taken prisoner at the battle of Bull Run. James B. Lang, the Treasurer of Ontario County, has been arrested at Toronto charged with the embezzlement of $8,000 of the county's funds. Charles Stevens, a stone carver, fell 70 feet from the tower of the new university library building at Ithaca, N, Y. He escaped with a broken ankle. Mrs. Emma Cooper, formerly of Lockport, III., has fall heir to an estate of $9,000,000 in England. She is now in Fulton, N. Y., where she keeps a dry goods store. Her maiden name was Garlic. The Oakland bank, corner of Cottage Grove avenue and Oakwood boulevard, about three miles from the center of Chicago, has suspended payment, Liabilities, $60.000; nominal assets, $75,000. PresCent Johnston of the bank is of the opinion that the creditors will get at least 75 per cent. of their claims.


Article from Evening Journal, September 23, 1890

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A Chicago Bank Suspends. CHICAGO, Sept. 23.-The Oakland bank, situated at the corner of Cottage Grove avenue and Oakwood boulevard, about three miles,from the business center of the city, suspended payment Monday morning. Liabilities $60,000; nominal assets $75,000. President Johnston, of the bank, is of the opinion that the creditors will get at least 25 per cent. of their claims. The failure also closes the Hyde Park bank, a branch of the Oakland bank. The depositors of the Hyde Park bank are secured by special assets, which amount to $11,000. The unusually heavy demands of the depositors and the difficulty of getting securities cashed are the reasons given for the failures. Neither bank will resume business.


Article from St. Paul Daily Globe, September 23, 1890

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Chicago Bank Failure. CHICAGO, Sept. 22. - The Oakland bank, situatee at the corner of Cottage Grove avenue and Oakwood boulevard, suspended payment this morning. an assignment having been made to William L. Moss. The failure, which should not be confounded with the Oakland National bank, also caused the closing of the doors of the Hyde Park bank, which was owned by the same people. Its assets are only $11,000. which will secure the depositors from loss.


Article from Daily Yellowstone Journal, September 24, 1890

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Nubs of News. Scotch furnace men have struck for an advance. Ex-Congressman Morey, of Louisiana, died at Washington. The house had no quorum yesterday and could do no business. James and John Gladstone were killed by a wild engine near Ooltewah Tenn. The Oaklard bank, Chicago, has su-pended. Liabilities, $60,000; assets, $75,000. The widow of Gen. John C. Fremont is sick and in straightened eir. cumetances. The Excelsior oil works, Cieveland, have burned. Three men badly burned. Loss, $50,000. Chauncey M. DePew doesn't believe the Knights of Labor are back of the train wrecking on the New York Central. The Washington Sunday Chronicle was the first paper refused bv the postoffice on account of contAining lottery ads.


Article from Watertown Republican, September 24, 1890

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CHICAGO BANK CRASH. Oakland Bank Suspends Payment and Makes an Assignment, CHICAGO, Sept. 22.-The Oakland Bank, situated at the corner of Cottage Grove Avenue and Oakwood Boulevard, suspended payment this morning, an assignment having been made to William L. Moss. The liabilities are stated to be $60,000, and the nominal assets $75,000.


Article from Mineral Point Tribune, September 25, 1890

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CHICAGO BANK CRASH. Oakland Bank Suspends Payment and Makes an Assignment. CHICAGO, Sept. 22.-The Oakland Bank, situated at the corner of Cottage Groye Avenue and Oakwood Boulevard, suspended paymentthis morning an assignment


Article from Wood County Reporter, September 25, 1890

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CHICAGO BANK CRASH. Oakland Bank Suspends Payment and Makes an Assignment, CHICAGO, Sept. 22.-The Oakland Bank, situated at the corner of Cottage Grove Avenue and Oakwood Boulevard, suspended paymentthis morning an assignment having been made to William L. Moss. The liabilities are stated to be $60,000, and the nominal assets $75,000.


Article from Bismarck Weekly Tribune, September 26, 1890

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SEVENTEENTH YEAR NUBS OF NEWS. The Welland canal is temporarily disabled. Cholera in Massowah is confined to the natives. The damage from French floods increases. Scotch furnace men have struck for an advance. Chicago is crusading against the smoke nuisance. Patrick O'Brien, M. P., has been arrested at Dublin. The Sydney, New South Wales, strikers are riotous. Colorado republicans nominated John L. Routt for governor. Ex-Congressman Morey of Louisiana died at Washington. The house had no quorum yesterday and could do no business. The Pennsylvania republican league is meeting at Philadelphia. A new Portuguese cabinet will be formed headed by Chrysostomo. The world's fair commission selected a director-general Thursday. The house conferees have accepted the senate reciprocity amendment. Albert Richner, shot by his brother-inlaw, Kessler, in Chicago, has died. James and John Gladson were killed by a wild engine near Ooltewah, Tenn. Mrs. Emma Cooper, of Fulton, N.Y., has fallen heir to $9,000,000 in England. Lars Ericksen is in jail at Barron, Wis., charged with the murder of his father. The natives massacred thirty-two Spaniards in the Caroline Islands, August 10. Boston gold beaters have struck for an advance which probably will be granted. Charles Drumm, a Springfield, Ohio, wine merchant, killed his wife and self. Slavin and McAuliffe have been bound over to keep the peace in bonds of $5,000. Col. Geo R. Davis, of Chicago, has been chosen director-general of the Worlds Fair. The Oakland bank Chicago, has suspended. Liabilities, $60,000; assets, $75,000. Masked robbers killed John Krimm. in Hocking county, Ohio, and robbed the house. Thirty buildings were burned at Whitehall, Mich., by an incendiary fire. Loss $100,000. The government bought 470,000 ounces of silver, prices ranging from $1.161/4 to $1.16 4-9. A family of eight were killed at Treesburg, N. Y., by ignorantly eating a nightshade plant. An incendiary fire destroyed eleven buildings at South Haven, Mich., causing $70,000 loss. The widow of Gen. John C. Fremont is sick and in straitened circumstances in Los Angeles. The Turkish man-of-war Ertgroul foundered at sea and five hundred of the crew were drowned. John Wm. Dunn, a brick manufacturer of Chicago, has disappeared, leaving $35,000 of unpaid debts. The house again lost a quorum on account of the disappearance of democrats and adjourned. The statue of Horace Greeley in front of the New York Tribune building was unveiled yesterday. The Massachusetts democrats nominated a ticket headed by William E. Russell for governor. The Excelsior Oil works, Cleveland, have burned. Loss, $50,000. Three men were badly burned. . John Dillon and William O'Brien have been arrested at Dublin for inciting tenants not to pay rent. Belfast merchants are trying to get as much linen as possible before the McKinley bill goes into effect. The democrats propose to make the republicans pass the tariff bill without the presence of democrats. The Chicago council by formal resolution asked the Illinois attorney general to bring suit against the gas trust. It is believed the tariff bill will be reported next Tuesday, in which case congress will adjourn a week later. A commercial panic prevails in Lisbon, where the leading banks are trembling. A crisis is imminent. The Milwaukee & Northern has been bought by the Chicago, Milwaukee & St. Paul for a little over $5,000,000. The president by proclamation extends the time for removing cattle from the Cherokee outlet to November 1st. Chauncey' M. Depew doesn't believe the Knights of Labor are back of the train wrecking on the New York Central. An unsuccessful attempt was made to wreck a train on the Chicago & North western road, near North avenue, Chicago. The Washington Sunday Chronicle was the first paper refused by the postoffice because it contained lottery advertisements. Six new bridges, three saw mills and much property was washed away Thursday by the giving way of the dam near Poestenkill, N.Y. The stockholders of the Milwaukee road ratified the purchase of the Milwaukee & Northern and authorized a new issue of stock to pay for it. It is reported that the Portuguese government has declared a state of siege Lisbon on account of the fights between the police and mobs.


Article from The Superior Times, September 27, 1890

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CHICAGO BANK CRASH. Oakland Bank Suspends Payment and Makes an Assignment. CHICAGO, Sept. 22.-The Oakland Bank, situated at the corner of Cottage Grove Avenueand Oakwood Boulevard, suspended payment this morning, an assignment having been made to William L. Moss. The liabilities are stated to be $60,000, and the nominal assets $75,000.


Article from Eagle River Review, September 27, 1890

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CHICAGO BANK CRASH. Oakland Bank Suspends Payment and Makes an Assignment. CHICAGO, Sept. 22.-The Oakland Bank, situated at the corner of Cottage Grove Avenue and Oakwood Boulevard, suspended payment this morning, an assignment having been made to William L. Moss. The liabilities are stated to be $60,000, and the nominal assets $75,000.