4727. State Bank (Ambia, IN)

Bank Information

Episode Type
Suspension โ†’ Reopening
Bank Type
state
Start Date
September 3, 1897
Location
Ambia, Indiana (40.490, -87.517)

Metadata

Model
gpt-5-mini
Short Digest
ef75bebf7c11c6fb

Response Measures

None

Description

Newspapers report the auditor filing for a receiver due to missing deposit entries and the cashier's flight (9/3/1897). Four days later purchasers bought the bank and it was to be reopened; receivership proceedings withdrawn (9/7/1897). No run is described in these items.

Events (3)

1. September 3, 1897 Suspension
Cause
Government Action
Cause Details
Auditor filed petition for a receiver after bank examiner reported missing deposit entries and the cashier had fled.
Newspaper Excerpt
Receiver for Ambia Bank. Yesterday Deputy Attorney General Merrill Moores went to Ambia to file a petition on behalf of the auditor for a receiver for the Ambia State Bank. Advices from the bank examiner to the auditor declare that no entries were made of deposits for a month before the flight of the cashier.
Source
newspapers
2. September 7, 1897 Other
Newspaper Excerpt
Purchased the Ambia Bank. The auditor of state was informed yesterday that the Ambia State Bank had been purchased by Balwin & Dague, bankers of Fowler, and it will be reopened for business this week. The receivership proceedings instituted by the auditor will be withdrawn, as the purchasers have taken care of all the liabilities.
Source
newspapers
3. September 7, 1897 Reopening
Newspaper Excerpt
it will be reopened for business this week. The receivership proceedings ... will be withdrawn, as the purchasers have taken care of all the liabilities.
Source
newspapers

Newspaper Articles (3)

Article from The Indianapolis Journal, September 3, 1897

Click image to open full size in new tab

Article Text

Receiver for Ambia Bank. Yesterday Deputy Attorney General Merrill Moores went to Ambia to file a petition on behalf of the auditor for a receiver for the Ambia State Bank. Advices from the bank examiner to the auditor declare that no entries were made of deposits for a month before the flight of the cashier.


Article from The Indianapolis Journal, September 7, 1897

Click image to open full size in new tab

Article Text

Purchased the Ambia Bank. The auditor of state was informed yesterday that the Ambia State Bank had been purchased by Balwin & Dague, bankers. of Fowler. and it will be reopened for business this week. The receivership proceedings instituted by the auditor will be withdrawn, as the purchasers have taken care of all the liabilities.


Article from Wood County Reporter, September 9, 1897

Click image to open full size in new tab

Article Text

NEWS OF THE WORLD DOMESTIC. Admiral Miller relieved Admir ardslee at Honolulu Aug. 14. Harry Mills Cole of Chicago sund dead in his room, in Smith IcNell's hotel, New York. Erastus Corning died of apoplex ged 70 years at Albany, N. Y. harities were numerous. Ten saloons in Kansas City, ere raided by the police and orth of liquor seized. The August receipts of the gover ent were $18,943,205; expenditure 33,295,000; deficit, $14,301,795. The Harris mills in Providence, : started after a shutdown of veeks. The mills employ 300 Walter Wellman is in Christian onferring with Dr. Nansen with rence to a proposed expedition to orth pole. A fierce forest fire is raging west naconda, Mont., and spreading larming rapidity. Over 10,000 f timber are already burned. At the St. Paul farmers' congress aper was read on Farming from Business Standpoint, by James J. resident of the Great Northern vay. William Sergent, who founded great school book trust, died at ome near Mount Lookout, '98 per David H. Ryder, Jr., of Accord, ter county, N. Y., was stung by ees SO badly while trying to hem that he dropped dead. The CC mptroller of currency is vised of the failure of the First ional bank at Greensburg, Ind. aad a capital of $100,000; deposits, 25, $84,000. At Hoopeston, III., the State Bank Ambia, a town just over the India state line, is short between $10,000 $50,000. Cashier Fred McConnell missing. The most prominent Italian in Cincinnati has cabled to the of Turin a letter congratulating for his recent duel with Prince of Orleans. Mrs. M. Elizabeth Green, one of best known newspaper women Massachusetts and associate editor the Quincy Advertiser, is dead, at age of 72 years. Robert S. Straine, president and rector of the United Telegraph pany of Boston, was arrested by inspector from police headquarters a charge of embezzling $73,500. Two deputy United States marsh are dead, two are seriously injured two more missing as a result of an tack on a posse of officers by a of moonshiners in Pope county, The Chicago, Burlington and sent to Chicago from Galesburg, containing