4630. Park National Bank (Chicago, IL)

View Charter #3502 on SPMC

Bank Information

Episode Type
Suspension → Run → Closure
Bank Type
national
Bank ID
3502
Charter Number
3502
Start Date
June 20, 1890
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini
Short Digest
850a4bb6

Response Measures

Full suspension, Books examined

Other: Crowd of depositors gathered outside after doors were closed; heavy depositors had withdrawn prior to suspension.

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1890-07-14
Date receivership terminated
1893-02-27
OCC cause of failure
Excessive lending
Share of assets assessed as good
46.2%
Share of assets assessed as doubtful
34.6%
Share of assets assessed as worthless
19.2%

Description

Comptroller/examiner took possession and closed the Park National Bank on June 20, 1890 due to large loans on doubtful security. Depositors gathered at the closed doors (a run/clamor followed the suspension). Directors later decided not to resume and a receiver was appointed July 21, 1890.

Events (5)
1. May 11, 1886 Chartered
Source
historical_nic
2. June 20, 1890 Run
Cause
Bank Specific Adverse Info
Cause Details
Depositors gathered and surrounded the bank after it was closed by the comptroller owing to reports of doubtful loans and weak assets.
Newspaper Excerpt
The Park National Bank of this city, closed its doors this morning, and a crowd of depositors now surrounds its place of business.
Source
newspapers
3. June 20, 1890 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Comptroller closed bank after examiner reported large loans on doubtful security and questionable collaterals; concern about assets and officers borrowing.
Newspaper Excerpt
By order of the comptroller of the currency National Bank Examiner Sturgis this morning took possession of the Park National bank.
Source
newspapers
4. July 14, 1890 Receivership
Source
historical_nic
5. July 21, 1890 Receivership
Newspaper Excerpt
The controller of the currency has appointed Gilbert B. Shaw receiver of the Park National Bank of Chicago.
Source
newspapers

Newspaper Articles (23)
1. June 21, 1890 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, June 21, 1890

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The Chicago Bank Failure. WASHINGTON, D. C., June 20.-The Comptroller of the Currency anid this afternoon that his action in closing the Park National Bank of Chicago was based on the report of the Bank Examiner, who has been investigating its affairs for the past two weeks, and who is not altogether satisfied with the character of its assets. It is impossible, the Comptroller says, to tell now the extent of the bank's failure, because of the questionable value of some of the collaterals and securities. The Comptroller says that a receiver will certainly be appointed, unless there is a change of management and a liberal contribution of new capital to. put the bank on a sound fluancial basis.

2. June 21, 1890 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, June 21, 1890

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In the Hands of the Bank Examiner. CHICAGO, June 20.-By order of the comptroller of the currency National Bank Examiner Sturgis this morning took possession of the Park National bank. It created no surprise in financial circles as President Packard is not a trained financial man and it is understood that its loans are of a poor character. The bank 18 capitalized a' $200,000. Its statement May 17 showed loans and dis counts, $630,000; depositors and banks, $628.000; surplus fund,$21,000; undivided profits $18.400 WASHINGTON, June 20.-The comp troller of the curreney says he closed the Park National bank of Chicago on the report of the bank examiner that it had large loans on doubtful security; that a receiver would be appointed unless the management was changed and additional money put in.

3. June 21, 1890 Wheeling Register Wheeling, WV
Article from Wheeling Register, June 21, 1890

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CLOSED ITS DOORS. THE PARK NATIONAL BANK OF CHICAGO COLLAPSES. A Crowd of Depositors Surround Its Place of Business-The Cause of Drop Attributed to the Ignorance of the President in Banking Affairs. CHICAGO, June 20.-The Park National Bank of this city, closed its doors this morning, and a crowd of depositors now surrounds its place of business. The causes of the failure are not yet known. A notice posted on the door says that it isin charge of J. D. Sturgis, National Bank Examiner. Charles P. Packard is its president. It has been organized only a few years. Its stock sold at par yesterday. Ne statement of the assets or liabilities are attainable at this time. The bank is not an important one, its capital stock being only $200,000. The failure was not unexpected in banking circles. Its president made considerable money in the hat business, and took CHARGE OF THE BANK without it is said, sufficient knowledge of banking. The result was that its loan department was understood to be conducted less strictly than conservative bankers consider necessary, with the result of getting a rather poor line of paper. The Comptroller of the Currency said this afternoon that his action in closing the Park National Bank of Chicago was based on the report of the bank examiner, who has been investigating its affairs for the past two weeks, and who is not altogether satisfied with the character of its assets. It is impossible, the Comptroller says, to tell now the extent of the bank's failure, because of the questionable value of some of the collaterals and securities. The Comptroller says that'a receiver will certainly be appointed, unless there is a change of management and a liberal contribution of new capital to put the bank on a sound financial basis. The Comptroller says that it is not likely that the failure will affect any other institution. President Paceer maintains that the bank is perfectly solvent, and that it will be reopened for business in'a few days. It is stated that the Park National was the victim of several large business failures, which have operated to deplete its resources.

4. June 21, 1890 The Morning Call San Francisco, CA
Article from The Morning Call, June 21, 1890

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IN FINANCIAL STRAITS. The Comptroller of the Currency Takes Charge of a National Bank. CHICAGO, June 20.-By order of the Comptroller of the Currency National Bank Examiner Sturgis this morning took possession of the Park National Bank. This created no surprise in financial circles, as President Packard is not a trained financial man, and it is understood its loans were of a poor character. The bank was capitalized at $200,000. Its statement May 17 th showed loans and discounts, $630,000; due depositors and banks, $628,800; Surplus Fund, $21,000, and undivided profits, $18,400. President Packer insists the bank is solvent and that it will be reopened. The Government Examiner refused to talk on the subject. WASHINGTON, June 20.-The Comptroiler of the Currency says he closed the Park National Bank of Chicago on the report of the bank examiner that it had large loans on doubtful security. He also stated that a receiver would be appointed unless the management was changed and additional money put in.

5. June 21, 1890 New-York Tribune New York, NY
Article from New-York Tribune, June 21, 1890

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A CHICAGO NATIONAL BANK IN TROUBLE. REASONS ASSIGNED FOIR THE FAILURE-THE PRESIDENT SAYS THE BANK IS SOLVENT. Chicago, June 20.-The Park National Bank of this city closed its doors this morning. A notice posted on the door stated that it is in charge of J. D. Sturgis, National bank examiner. Charles P. Packard is its president. It has been organized only a few years. Its stock was sold at par yesterday. The bank is not an important one, its capital stock being only $200.000. Its last statement, made on May 17, showed: Loans and discounts, $630,000; cash and cash items, $206,938; surplus fund, $210,000: undivided profits, $18,440; individual deposits, $397,000; demand eer. tificates of deposit, $91,164 certified checks, $11,281 due other National banks, $26,230; due State banks and bankers, $101,773; notes and bills rediscounted. $37,250; bills payable, $50,000. The failure was not unexpected. Its president made considerable money in the hat business, and took charge of the bank without, it is sald, sufficient knowledge of banking. The bank is not a member of the Clearing House, and its clearings have been made through the Commercial National. Its New-York correspondent. according to "The Bankers' Almanac," is the National Park Bank President Packard maintains that his bank is perfectly solvent and that it will be reopened for business in a few days. Many reasons for the failure are assigned by bankers who assert that they have a knowledge of the Park National and its affairs. One of the principal causes is said to be the Fort Sheridan contract which the Park National assumed about a year ago, and which has caused the outlay of considerable money upon which no returns have been received. It is also stated that the Park National has lost money heavily by several large business failures. The first creditor to take action against the bank after the doors were clesed was Alfred Peats, who sued out an attachment for $1,400, but as the bank was in the hands of a United States official. the attachment was not served. Washington, June 20.-The Controller of the Currency said this afternoon that his action in closing the Park National Bank of Chicago was based on the report of the bank examiner who has been investigating its affairs for the last two weeks, and who is not altogether satisfied with the character of its assets. It appears, the Controller adds, that the bank has made large loans on doubtful security, and that some of the officers of the bank have been heavy borrowers on its account.

6. June 21, 1890 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, June 21, 1890

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A CHICAGO BANK IN TROUBLE. The Park National Shut Up by Orders from Washington City. CHICAGO, June 21.-The depositors and others who had business with the Park National bank in this city were surprised yesterday morning to find the doors closed, and the concern in the hands of Bank Examiner Sturges. It was impossible to learn the reason of the suspension from any of the officers, but business men said they did not look upon the trouble as a failure, although the bank had been looked upon with suspicion for some weeks. The depositors were not 50 hopeful, however, most of those having claims being depositors of small amounts, the heavy ones having withdrawn their money before the suspension. An Explanation of the Trouble. A telegram from Washington City says the currency comptroller explains the matter by saying that the suspension is the result of examination of the bank's affairs, which showed that much of its assets was of a questionable character; the bank has made loans on doubtful security, and some of its officers are heavy borrowers. He says a receiver will be appointed unless there is change of management and a liberal contribution of new capital to put :he bank on a sound financial basis.

7. June 21, 1890 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, June 21, 1890

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LOANED TOO MUCH CASH. The Park National Bank, of Chicago, Is Closed. CHICAGO, June 20.-The Park National bank was taken possession of by Bank Examiner J. S. Sturgess, and its doors closed, this morning. The cause of the failure is said to be the part the bank took in furnishing funds for Williams & Co. to complete the Fort Sheridan contract. The bank is one of the smaller institutions of the city. The liabilities are estimated at $200,000. The failure was not unexpected in banking circles. Its president made considerable money in the hat business, and took charge of the bank without, it is said, sufficient knowledge of banking. The result was that its loan department was understood to be conducted less strictly than conservative bankers consider necessary, with the result of getting a rather poor line of paper. The Park National is not a member of the clearing house, and its clearings have been made through the Commercial National. Its New York correspondent, according to the bankers' almanac, is the National Park bank. WASHINGTON, June 20.-The comptroller of the currency said this afternoon that his action in closing the Park National bank, of Chicago, was based on the report of the bank examiner, who has been investigating its affairs for the past two weeks, and who is not altogether satisfied with the character of its assets. It is impossible, the comptroller says, to tell now the extent of the bank's failure, because of the questionable value of some of the collaterals and securities. The papers are of other cities, and not being properly listed their value cannot be estimated with any reliability. It appears, the comptroller says, that the bank has made large loans on doubtful security, and that some of the officers of the bank have been heavy borrowers on its account. The bank has a capital of $200,000, and its deposits amount to $500,000. A lawyer representing the directors had an interview with the comptroller to-day, and requested all proper indulgence in their efforts to put the bank on its feet again. The comptroller says that a receiver will certainly be appointed unless there is a change of management and a liberal contribution of new capital to put the bank on a sound financial basis.

8. June 21, 1890 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, June 21, 1890

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Why the Bank Was Closed. WASHINGTON, June 20.-The comptroller of the currency says he closed the Park National bank of Chicago on the report of the bank examiner that it had large loans on doubtful security, and that a receiver will be appointed unless, the management is changed and additional money put in.

9. June 21, 1890 Pittsburg Dispatch Pittsburgh, PA
Article from Pittsburg Dispatch, June 21, 1890

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CLOSED ITS DOORS. THE CONTROLLER OF CURRENCY ORDERS THE PARK NATIONAL Of Chicago to Cease Operations-The Causes Which Led to This Action Said to be Lack of Proper Securities-A Receiver to be Appointed. CHICAGO, June 20.-The Park National Bank, of this city, closed its doors this morning, and a crowd of depositors now surround its place of business. Charles P. Packard is its president. It has been organized only a few years. Its stock sold at par yesterday. The failure was not unexpected in banking circles. Its President made considerable money in the hat business, and took charge of, the bank, without, it is said, sufficient knowledge of banking. The result was that its loan department was understood tc be conducted less strictly than conservative bankers consider necessary, with the result of getting a rather poor line of paper. President Packer maintains that his bank is perfectly solvent and that it will be reopened for business in a few days. A great many reasons for the failure are assigned by bankers, who claim to have a knowledge of the Park National and its affairs. One of the principal causes is said to be the Fort Sheridan contract, which the Park National assumed about a year ago, and which has caused the outlay of considerable money upon which no money returns have been received. It is also stated that the Park National was the victim of several large business failures which have operated to deplete its resources. The first creditor to take action against the bank after the doors were closed was Alfred Peats, who sued out an attachment for $4,100, but, as the bank was in the hands of a United States official, the attachment was not served. A telegram from Washington says: The "Controller of the Currency said that his action in closing the Park National Bank of Chicago was based on the report of the Bank Examiner, who has been investigating its affairs for the past two weeks and who is not altogether 8 itisfied with the character of its assets. It is impossible, the Controller says. to tell now the extent of the bank's failure because of the questionable value of some of the collaterais and securities. The papers are of other cities, and not being properly listed their value cannot be estimated with any reliability. It appears the Controller says that the bank has made large loans on doubtful securities, and that some of the officers of the bank have been heavy borrowers on its account. The bank has a capital of $200,000, and its deposits amount to $500,000. A lawyer representing the directors had an interview with the Controller to-day, and requested all proper indulgence in their efforts to put the bank on its feet again. The Controller says that a receiver will certainly be appointed, unless there is a change of management, and a liberal contribution of new capital to put the bank on a sound financial basis.

10. June 22, 1890 Fort Worth Daily Gazette Fort Worth, TX
Article from Fort Worth Daily Gazette, June 22, 1890

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Not an Important Concern. CHICAGO, ILL., June 20.-The Park national bank of this ctiy, which closed doors to-day, is not an important one, the capital stock being only $200,000. The failure was not unexpected in banking circles. The president made considerable money in the hat business and took charge of the bank without-it is said-sufficient knowledge of the banking business. The result was that its loan department was understood to be conducted less strictly than conservative bankers considered necessary with the result of getting a rather poor line of paper. President Parker maintains that his bank is perfectly solvent, nnd that it will be opened in a few days. One of the reasons assigned for the failure is that it was a vietim of several large ailures, which depleted its resources.

11. June 27, 1890 The Iola Register Iola, KS
Article from The Iola Register, June 27, 1890

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THE WEST. THE Cincinnati oak leather tannery was destroyed by fire caused by lightning the other night. Loss, $80,000. W. C. ALDERSON has ordered his trades on the board at Chicago closed. During absence a dishonest clerk plunged in his name to the extent of 250,000 bushels of wheat, it is said, and when the market went against him left the country. Two Chinamen have been arrested near Laro, Ariz., trying to steal across the line. THE whisky trust and the liquor dealers' protective convention, are, it is reported from Peoria, Ill., to be united, with headquarters in Peoria. JOSEPH WELSH, who shot and killed John A. McNeal, in Kingfisher, Ok., May 29, escaped from the military guard house. THE new million dollar building of the San Francisco Chronicle was opened the other night. It is 135 feet high, and has a tower sixty-seven feet above it. The frame work is steel. THE Ohio Supreme Court having refused a new trial to Otto Leuth, the boy murderer, Governor Campbell has respited him to August 20, to allow the board of pardons to review the case. JOHN I. DILLE, land register at Guthrie, Ok., has resigned to engage in the practice of law at Guthrie. THE Republicans of the Sixth Illinois district have renominated Congressman R. R. Hitt. Two hundred striking quarrymen, most of them Swedes from the Lockport quarries at Joliet, Ill., marched to the quarries and forced the men to quit work. They were met by Sheriff Haston and a posse of deputies and ordered to disperse. The refused and the posse attacked them. After a brief skirmish they broke and ran, eight being arrested. CONGRESSMAN JAMES S. OWENS has been renominated by the Democrats of the Fourteenth Ohio district. WHEN Mrs. Margaret Merkle was found guilty of manslaughter at Napa, Cal., in killing Joseph W. Wyle, her husband stated that he had done the killing and not she. THE crucible department of the Detroit (Mich.) steel and spring works was destroyed by fire the other day causing $50,000 loss. AARON M. JONES, a well known pioneer of Colorado, aged sixty, killed his wife and himself aftera quarrel at the breakfast table at his residence in Denver. INTENSE excitement prevailed in Minneapolis, Minn., over the arrest of seven census enumerators on a charge of fraudulent practices in taking the census. The arrests were made on complaint of a resident of St. Paul. JUDGE KAVANAGH, of Des Moines, Iowa, has rendered a decision in the original package case of Terry Chambers. The judge sustains the lower court in condemning the liquors, the evidence tending to show that Chambers had broken the original packages and was selling in quantities to suit purchasers. IN Potter County, S. D., eight persons were drowned in a cloudburst which flooded a large section of country. VICE-PRESIDENT BRYAN,Of the Worlds' Fair Company, in an interview admitted that the directors are negotiating with the Illinois Central railway for the use of the lake front as a site for the Fair. Two men were drowned by the capsizing of a boat near Santa Cruz, Cal. The third was rescued just in time. ROBERT A. WARD, champion amateur half mile runner of the United States, died suddenly at Hillsdale, Mich. THE Park National Bank, of Chicago, has suspended. AN awful tornado visited Illinois on the afternoon of the 20th. In the vicinity of Earlville twenty-five lives were lost. Four were killed at the village of Sublette, south of Dixon. At Cornell much damage was done and four persons were fatally injured. JOSIAH POTTS and Elizabeth Potts, man and wife, were both hanged together at Elko, Nev., for the murder of Miles Fawcett in January, 1888. Both died protesting their innocence. THE Chicago News asserts that the census of that city shows a population of 1,250,000. CORCORAN and McAfee. charged with

12. June 27, 1890 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, June 27, 1890

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Anxious to Resume Business. WASHINGTON, D.C., June 26.-The comptroller of the currency said this afternoon that the officers of the Park National Bank of Chicago, which suspended a few days ago, are trying to rehabilitate its finances so as to resume business, and he is disposed to give them an opportunity to do so. The bank will not be placed in the hands of a receiver unless it is found to be necessary.

13. June 28, 1890 The Semi-Weekly Tribune Great Falls, MT
Article from The Semi-Weekly Tribune, June 28, 1890

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Chicago's Broken Bank, WASHINGTON, June 26.-The comptroller of the currency said this afternoon that the officers of the Park National bank of Chicago, which suspended a few days ago, are trying to put it on a sound basis, so as to resume .business, and he was disposed to given them an opportunity to do so. The bank will not be placed in the hands of a receiver unless it is found necessary.

14. June 28, 1890 Baxter Springs News Baxter Springs, KS
Article from Baxter Springs News, June 28, 1890

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THE WEST. THE Park National Bank, of Chicago, has suspended. JOSIAH POTTS and Elizabeth Potts, man and wife, were both hanged together at Elko, Nev., for the murder of Miles Fawcett in January, 1888. Both died protesting their innocence. AN awful tornado visited Illinois on the afternoon of the 20th. In the vicinity of Earlville twenty-five lives were lost. Four were killed at the village of Sublette, south of Dixon. At Cornell much damage wasdone and four persons were fatally injured. THE golden jubilee of St. Navier's Jesuit College at Cincinnati closed on the 22d. At mass all the officiating clergy were graduates of this college. In the evening Archbishop Elder, assisted by visiting priests and bishops, celebrated pontificial mass. THE National Farmers' Alliance and Industrial Union will hold its next annual meeting in St. Louis in December. THE employes in the Union Pacific machine shops along the line from Pocotelo, Idaho, to Portland, Ore., have struck on account of a reduction in their wages. THE town marshal of Haughville, near Indianapolis, Ind., was recently fatally wounded by a turbulent negro. THE indictments against J. M. Means and J. R. De Camp, former officers of the Metropolitan National Bank, of Cincinnati, have been nolled in the United States Court upon motion of the United States district attorney. This ends all criminal proceedings against them growing out of the bank failure. MILLIE ALLMET, aged sixteen, was burned to death near Jeffersonville, Ind., while lighting a fire with coal oil. IT is stated on apparently good authority that thecensus returns show a population for Minneapolis of 210,000 and for St. Paul of 159,000 in round figures. THE entire business part of Cerrillos, N. M., fifty miles north of Albuquerque, was destroyed by fire. Loss, $100,000. FOREST fires are raging near Ward, in Boulder County, Col. Immense damage to forest and ranchmen has been done. The fire is beyond control and several mining properties are threatened with destruction. THE workmen in the stone quarries at Joliet, Ill., have renewed their strike. Four of them were arrested for refusing to disperse when ordered to do so by the sheriff. THE Bank of Hartford, Wis., has suspended. DES MOINES. Iowa, claims a population of 53,000; Dubuque, 40,000; Sioux City, 35,000; Cedar Rapids, 28,600; Davenport and Burlington, 30,000 each, and Marshalltown, 10,000. DETROIT is estimated at 197,000. MILWAUKEE'S population is 235,000. CLEVELAND, o., has 248,000 people. INDIANAPOLIS computes its population at 125,000. Two small boys were drowned in St. Louis bay, West Superior, Wis., while playing recently. THERE were six cases of sunstroke in Chicago on the 24th.

15. July 5, 1890 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, July 5, 1890

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WILL NOT RESUME BUSINESS Damaging Developments in Relation to a Bursted Bank. CHICAGO, July 4.-Interesting and damaging developments are expected in relation to the Park National bank and its management by President Packer. It is announced unofficially that the bank will not resume business, but that the board of directors will request the appointment of a receiver. The unwillingness of directors to place more money in the concern is said to be the cause of this step. The clerks of the bank, sixteen in all, were discharged yesterday. The $3,000 check drawn by President Packer, which caused his arrest, is held by J. E. Kimball, of the firm of Kinney & Kimball. It is rumored that this is not the only irregular transaction in which officials of the bank have been interested, and there is a possibility of further sensational disclosures. It is stated that depositors will be paid in full.

16. July 6, 1890 Pittsburg Dispatch Pittsburgh, PA
Article from Pittsburg Dispatch, July 6, 1890

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Will Not Reopen. CHICAGO, July 5.-It was definitely announced at the Park National Bank to-day that the directors have decided not to resume business. No receiver has yet been appointed and no further order has been received from the controller.

17. July 22, 1890 The Morning News Savannah, GA
Article from The Morning News, July 22, 1890

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A Bank in a Receiver's Hands. WASHINGTON, July 21. - -The controller of the currency has appointed Gilbert B. Shaw receiver of the Park National Bank of Chicago. The appointment was delayed several days in order to allow the directors a chance to restore the bank to a business basis. They were unable to do this, and it was thought better to wind up the bank's affairs.

18. July 22, 1890 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, July 22, 1890

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WASHINGTON NOTES. Checks Being Sent Out for the Pay of Census Enumerators. WASHINGTON, July 21st.-Superintendent Porter to-day began sending out checks in payment of the services of census enumerators. The checks are being sent direct to the enumerators, and are payable at the Sub-Treasury at New York. Five hundred checks will be sent out daily until the whole number, something over 50,000, are paid. The Comptroller of the Currency has appointed Gilbert B. Shaw Receiver of the Park National Bank at Chicago, which has been in the hands of the Bank Examiner. The orders of Pay Inspector T. T. Cas. well to the Mare Island Navy Yard have been revoked, and he has been granted a six months' sick leave. The Comptroller of Currency has authorized the National Bank of Commerce of Seattle, Wash., to commence business on $100,000 capital and with the following officers: Richard Holyoke, President: R. R. Spencer. Cashier. Representative Comstock, of Texas, introduced a bill authorizing the Secretary of Agriculture to establish uniform grades in all kinds of grain transported from one State to another, or to any foreign country, which shall be known as American grades.

19. June 6, 1893 Wheeling Register Wheeling, WV
Article from Wheeling Register, June 6, 1893

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CONCERNING BUSINESS AND FINANCE. CHICAGO, June 5.-E. A. Armstrong & Co., dealers in uniforms, made a voluntary assignment this morning. Assets are stated to be $275,000, liabilities, $105,000. CHICAGO, June 5.-Meadowcroft Brothers & Co., private bankers, doing a commercial paper business similar to that of Hermann Schaffner & Co., the banking firm which made assignment Saturday, closed their doors this morning. The concern was one of the oldest in the city. Their as-ets and liabilities were not stated. An application for a receiver for the firm has been filed in court. The bank occupies the quarters formerly occupied by the Park National Bank, which failed some time ago. Norman E. Crandall has been appointed receiver. The bill for a receiver filed by Charles Meadowcroft, a member of the firm, gives as a cause of the inability to reorganize the bank a death of his father, Robert Mea which occurred the 13th of F The failure of Herman S on Saturday also had an upon the fail in of the

20. November 23, 1895 The Norfolk Virginian Norfolk, VA
Article from The Norfolk Virginian, November 23, 1895

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A Banker Charged With Perjury. Chicago, Nov. 22.-Melville P. Roberts, a banker, who was president of the Thirty-first Street Bank, which failed during the panic, was arrested this afternoon charged with perjury in a case tried November 1st. wherein Roberts was sued by the Commercial National Bank for $20,000. A warrant alleging perjury was also issued for the arrest of C. P. Parker. who was president of the Park National Bank. which also went to the walls during the panic.

21. November 24, 1895 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, November 24, 1895

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PERJURY Is ALLEGED. Warrants for the Arrest of Two Presi. dents of Defunct Banks. CHICAGO, ILL., Nov. 23.-Melville P. Roberts, a banker, who was president of the Thirty-first-street Bank, which failed during the panic, was arrested this afternoon on a bench warrant issued by Judge Hutchinson charging perjury in a case tried November 1 wherein Roberts was sued by the Commercial National Bank for $20,000. A warrant alleging perjury was also issued for the arre stof C. P. Packer, who was president of the Park National Bank which also went to the wall during the panic. CANDIDATES FOR READING CLERK Two Californians Said to Be Aspirants for the Place. WASHINGTON, D. C., Nov. 23.-J. C.

22. January 3, 1931 St. Louis Globe-Democrat St. Louis, MO
Article from St. Louis Globe-Democrat, January 3, 1931

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JAZZ HELPS TO REDUCE RUN ON CHICAGO BANK By Associated Press. January notes the rescue of bank notes and routed run on the Park Mob starts the them When national bank closed this the wasted no time threatened While depositors were collecting at the they put sign can have want $2,000 cash from banks assured the Then they hired jazz band to play and the crowd made a party of

23. January 3, 1931 Bristol Herald Courier Bristol, TN
Article from Bristol Herald Courier, January 3, 1931

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STAVES RUN ON CHICAGO BANK Jan. bank The dinner attended notes today and routed General Charles Dawes, incipient on the Albany States London, Park National Bank and Trust Armour, charge d'affaires Company American embassy here, Mob starts runs, the other notables figured, psychology Mr. Slemp said the United States ought stop them. neighboring national bank Vernon for exposition, this the Albany bank the ficers wasted time preparing sanctuary threatened run. While tory, where Lafayette positors were collecting the door, French leaders fought in they sign money time want but brought from monument banks assured patrons the bank sound. General Dawes did not Then they hired band to but guests and the crowd made forced relate