4889. Elkart National Bank (Elkhart, IN)

View Charter #2502 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2502
Charter Number
2502
Start Date
January 16, 1902
Location
Elkhart, Indiana (41.682, -85.977)

Metadata

Model
gpt-5-mini
Short Digest
0be586bc71af401c

Response Measures

None

Description

OCR/typo correction: provided bank name 'Elkart' appears to be 'Elkhart National Bank' given multiple articles. Articles show a receiver appointed in Jan 1902 and later coverage in Dec 1903 describing the bank's failure, receivership, and assessment of stockholders. There is no mention of depositor runs; sequence is suspension/receivership leading to permanent failure/closure.

Events (5)
1. January 12, 1881 Chartered
Source
historical_nic
2. September 5, 1899 Voluntary Liquidation
Source
historical_nic
3. January 16, 1902 Suspension
Cause
Government Action
Cause Details
Receiver appointed for the Elkhart National Bank (appointment reported in local news).
Newspaper Excerpt
A receiver has been appointed for the Elkhart National bank.
Source
newspapers
4. December 11, 1903 Receivership
Newspaper Excerpt
Elkhart National failure. No Hope of Creditors Being Paid in Full. ... F. F. Oldham ... investigating the Elkhart National Bank failure ... no hope of the institution paying its creditors in full. (Evening Times-Republican, 1903-12-11).
Source
newspapers
5. December 15, 1903 Other
Newspaper Excerpt
Assessment of 100 Per Cent. on the Shareholders of the Elkhart National Bank Made by Receiver. ... Receiver Bosworth ... issued a call on the stockholders for an assessment of 100 per cent. (Indianapolis Journal, 1903-12-16).
Source
newspapers

Newspaper Articles (10)
1. January 16, 1902 The Plymouth Tribune Plymouth, IN
Article from The Plymouth Tribune, January 16, 1902

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Article Text

Mr. and Mrs. Joseph Janke, 01 Tippecanoe, spent Sunday here with Frank Janke. Dick Brakel, who has been seriously sick and was threatened with brain trouble, is improving. Miss Jessie Jarrel, of Tyner, after visiting relatives at Donaldson, returned home Saturday morning. President Schwab of the steel trust passed through this city Friday in his special car en route to the Pacific coast. WANTED-Girl with references, for general housework; apply at this office. A receiver has been appointed for the Elkhart National bank. There seems to be a row among the stockholders. Miss Theresa Miller returned to Mishawaka after spending a few days with her parents, Mr. and Mrs. Mathias Miller. Miss Dora Fogel gave an assembly after dancing school Friday evening. There were about twenty-five couples attended. A number of Plymouth people attended a box social at the Roberts school house Saturday evening and had a good time. Palmer Helpman, of Chicago, was in this city Friday evening on his way to Bourbon to visit his grandfather, who is quite ill. Mrs. James Philipsof Aurora, Ill., after a two month's visit with her sister, Mrs. Holtorf, returned to her home Saturday. Leonard Shafer, the night watch has moved from the corner Miner and William streets to the Mrs. Huff house on South Michigan street. Marriage licenses issued Saturday to Clyde K. Smith and Cora E: Eversale, Jesse A. Roher and Anna Iler, Harvey J: Hatfield and Ella Wolf. Judge Alfred Moore, author of a widely used text-book on criminal law and formerly a resident of Huntington, is dead at his home in Chicago. The Plymouth Bowling Team defeated the Bremen Team at the Bowling Alley. Plymouth won two games out of three and beat Bremen by is total of 33 pins in the three games. The remains of Edward Mock who died in Indian Territory January 2, have been brought to the home of his father in West township and the funeral was held at the Dunkard church at 11 a. m. Sunday. Cleatus, the seven-year old son of Frank Hammond, died Friday night at five o'clock of pneumonia caused by diptheria. The funeral was held privately Saturday afternoon at two o'clock with burial at Stringer Cemetery. School at Purdue opened last week with an enrollment of 1,153 students. Of this number 10 are from St. Joseph county, 13 from Elkhart, 17 from Laporte and six from Marshall. There are about 90 men taking the short course in agriculture. Beatrice Genevieve, the three-year daughter of Mr. and Mrs. Nelson Rodgers, died Saturday morning at five

2. December 11, 1903 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, December 11, 1903

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Article Text

ELKHART NATIONAL FAILURE. No Hope of Creditors Being Paid in Full. Elkhart, Ind., Dec. 11.-F. F. Oldham, chief of the insolvency bureau of the treasury department. who has been investigating the Elkhart National Bank failure, said yesterday: "This failure. compared to many ther bank failures I have investigated, appears to be a bad one, and there is 10 hope of the institution paying its reditors in full." He added that there was reason for he department of justice to investirate the failure and bring to ligh: many important facts. John Lusher, who was called upon by Receiver Bosworth to explain why the bank records showed he owed It $17,000 after he had settled with the bank In full and supposed he had $3,000 to his credit, has engaged lawyers and will sue for an accounting. H. E. Bucklen, of Chicago, has found himself in much the same predicament as Lusher. Mr. Buckles. with several of the bank officials, was on a joint note. As interest fell due he forwardd his checks on the Indiana National for his share. He did not discover until on Sunday that these checks had been held up. The amount is said to be between $1,000 and $1,500.

3. December 16, 1903 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, December 16, 1903

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Article Text

MUST PAY PAR VALUE OF STOCK THEY HOLD Assessment of 100 Per Cent. on the Shareholders of the Elkhart National Bank Made by Receiver. THOSE WHO MUST PAY Special to the Indianapolis Journal. ELKHART, Ind., Dec. 15.-Receiver Bosworth, of the Indiana National Bank, today issued a call on the stockholders for an assessment of 100 per cent. The list of stockholders would not be given out at the bank to-day, but the following was the list as reported to the assessor last April: J. L. Brodrick, 190 shares; Peltire Hill, 180; A. W. Collins, 160; Edward Finn, 100; John H. Brodrick, 70; W. L. Collins, 60; S. B. Short, 40; I. W. Short, 30; John R. Daley, 30; Hattie A. Weed, of Cleveland, 25; O. N. Lumbert, of New York, 25; Prudence Collins, 20; W. H. Anderson, 20: Walter Brown, 20; D. N. Weaver, 10; D. C. Thomas, 10; Athetia Lumbert, of Detroit, 7. A. W. Collins and Miss Prudence Collins are father and sister of W. L. Collins and live in Knoxville, Ia. It is doubtful if all can pay the full amount of the asessment. Robert Lyons, an expert accountant, who came from Washington the day after the failure, returned to-night, having caught a severe cold, which has affected his eyes. Bank Examiner J. M. McIntosh, of Connersville, who arrived Sunday night, is working under the direction of the Department of Justice, not the Treasury Department. The results of his investigations are to be used in the prosecution of persons accused of irregularities.

4. December 18, 1903 The Ely Miner Ely, MN
Article from The Ely Miner, December 18, 1903

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Article Text

with typhoid fever at Butler, Pa., and Mayor Kennedy has appealed to the world for help. In sinking an artesian well near Cheyenne, Wyo., the drill at a depth of 265 feet penetrated a lake or stream and water spouted out to a height of 40 feet. Soundings failed to find bottom. Prof. J. D. Robertson, in a lecture to an Eclectic society in Chicago, declared doctors will have nothing to do when people stop bathing. Clarence Walker, aged seven, was saved from drowning in a lake near Kenosha, Wis., by his six-year-old sister, who threw a scarf to him and held him from sinking. The Goulds have gained an entrance to Cleveland for the Wabash road, using trackage rights over the new Erie cut-off. Secretary Cortelyou, in his report, says the new department of commerce and labor has no authority to settle disputes between employer and employe. Chairman Foss, of the naval affairs committee, consulted with President Roosevelt on the necessity for a larger navy. Zion City celebrated the dismissal of the receivers and Dr. Dowie announced to his followers that the town will hereafter be on a cash basis. A schedule of 145 games next season was decided on by the National Baseball league conference at New York. President Roosevelt has decided to appoint Thomas J. Atkins, chairman of the republican state committee of Missouri, to be assistant United States treasurer at St. Louis. Dr. Edwin Holt Hughes has been inaugurated president of De Pauw university at Greencastle, Ind. Orders have been received at the Brooklyn navy yard directing that the battleship Indiana go out of commission for repairs. The winter wheat area is estimated by the government's report at 32,000,000 acres, a decrease of six per cent from 1902. A committee of the Louisiana Purchase Exposition company at St. Louis will ask congress for an additional appropriation of $4,000,000. Miss Elizabeth Gillespie, of Rising Sun, Ind., died of shots fired through a window of her home and her twin brother was called before a grand jury for examination. Mme. Nordica has entered suit in the New York courts for a divorce from her husband, M. Doeme. The National Contractors' conference held its first meeting in Chicago and made plans for a permanent association. Rioters brutally assaulted the non-union crew of a Chicago city railway car and wrecked the car. In navigating the great lakes during the season just closed 94 lives were lost, ten being passengers. Mrs. Mary McKnight was convicted at Cadillac, Mich., of poisoning her brother, his wife and their baby, and was given a life sentence. Eight thousand independent telephone companies will be merged into a combine with $35,000,000 capital, according to plans of the Interstate association. The Elkhart (Ind.) national bank, which failed recently, cannot pay creditors in full, according to a United States treasury official. War between the United States and Germany over the latter's encroachments in South America is reported to have been predicted by Gen. MacArthur at the Hawaiian conference. The Standard Oil officials ordered bloodhounds sent to Montpelier, Ind., where some one opened the valves of five immense tanks and permitted the oil to escape. Fifteen persons were injured and Frank A. La Salle killed in a train collision near Steubenville, O.

5. December 18, 1903 The Aberdeen Democrat Aberdeen, SD
Article from The Aberdeen Democrat, December 18, 1903

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Article Text

with typhoid fever at Butler, Pa., and Mayor Kennedy has appealed to the world for help. In sinking an artesian well near Cheyenne, Wyo., the drill at a depth of 265 feet penetrated a lake or stream and water spouted out to a height of 40 feet. Soundings failed to find bottom. Prof. J. D. Robertson, in a lecture to an Eclectic society in Chicago, declared doctors will have nothing to do when people stop bathing. Clarence Walker, aged seven, was saved from drowning in a lake near Kenosha, Wis., by his six-year-old sister, who threw a scarf to him and held him from sinking. The Goulds have gained an entrance to Cleveland for the Wabash road, using trackage rights over the new Erie cut-off. Secretary Cortelyou, in his report, says the new department of commerce and labor has no authority to settle disputes between employer and employe. Chairman Foss, of the naval affairs committee, consulted with President Roosevelt on the necessity for a larger navy. Zion City celebrated the dismissal of the receivers and Dr. Dowie announced to his followers that the town will hereafter be on a cash basis. A schedule of 145 games next season was decided on by the National Baseball league conference at New York. President Roosevelt has decided to appoint Thomas J. Atkins, chairman of the republican state committee of Missouri, to be assistant United States treasurer at St. Louis. Dr. Edwin Holt Hughes has been inaugurated president of De Pauw university at Greencastle, Ind. Orders have been received at the Brooklyn navy yard directing that the battleship Indiana go out of commission for repairs. The winter wheat area is estimated by the government's report at 32,000,000 acres, a decrease of six per cent from 1902. A committee of the Louisiana Purchase Exposition company at St. Louis will ask congress for an addidtional appropriation of $4,000,000. Miss Elizabeth Gillespie, of Rising Sun, Ind., died of shots fired through a window of her home and her twin brother was called before a grand jury for examination. Mme. Nordica has entered suit in the New York courts for a divorce from her husband, M. Doeme. The National Contractors' conference held its first meeting in Chicago and made plans for a permanent association. Rioters brutally assaulted the non-union crew of a Chicago city railway car and wrecked the car. In navigating the great lakes during the season just closed 94 lives were lost, ten being passengers. Mrs. Mary McKnight was convicted at Cadillac, Mich., of poisoning her brother, his wife and their baby, and was given a life sentence. Eight thousand independent telephone companies will be merged into a combine with $35,000,000 capital, according to plans of the Interstate association. The Elkhart (Ind.) national bank, which failed recently, cannot pay creditors in full, according to a United States treasury official. War between the United States and Germany over the latter's encroachments in South America is reported to have been predicted by Gen. MacArthur at the Hawaiian conference. The Standard Oil officials ordered bloodhounds sent to Montpelier, Ind., where some one opened the valves of five immense tanks and permitted the oil to escape. Fifteen persons were injured and Frank A. La Salle killed in a train collision near Steubenville, O.

6. December 19, 1903 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, December 19, 1903

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Article Text

Fourteen hundred persons are sick with typhoid fever at Butler, Pa., and Mayor Kennedy has appealed to the world for help. In sinking an artesian well near Cheyenne, Wyo., the drill at a depth of 265 feet penetrated a lake or stream and water spouted out to a height of 40 feet. Soundings failed to find bottom. Prof. J. D. Robertson, in a lecture to an Eclectic society in Chicago, declared doctors will have nothing to do when people stop bathing. Clarence Walker, aged seven, was saved from drowning in a lake near Kenosha, Wis., by his six-year-old sister, who threw a scarf to him and held him from sinking. The Goulds have gained an entrance to Cleveland for the Wabash road, using trackage rights over the new Erie cut-off. Secretary Cortelyou, in his report, says the new department of commerce and labor has no authority to settle disputes between employer and employe. Chairman Foss, of the naval affairs committee, consulted with President Roosevelt on the necessity for a larger navy. Zion City celebrated the dismissal of the receivers and Dr. Dowie announced to his followers that the town will hereafter be on a cash basis. A schedule of 145 games next season was decided on by the National Baseball league conference at New York. President Roosevelt has decided to appoint Thomas J. Atkins, chairman of the republican state committee of Missouri, to be assistant United States treasurer at St. Louis. Dr. Edwin Holt Hughes has been inaugurated president of De Pauw university at Greencastle, Ind. Orders have been received at the Brooklyn navy yard directing that the battleship Indiana go out of commission for repairs. The winter wheat area is estimated by the government's report at 32,000,000 acres, a decrease of six per cent from 1902. A committee of the Louisiana Purchase Exposition company at St. Louis will ask congress for an additional appropriation of $4,000,000. Miss Elizabeth Gillespie, of Rising Sun, Ind., died of shots fired through a window of her home and her twin brother was called before a grand jury for examination. Mme. Nordica has entered suit in the New York courts for a divorce from her husband, M. Doeme. The National Contractors' conference held its first meeting in Chicago and made plans for a permanent association. Rioters brutally assaulted the non-union crew of a Chicago city railway car and wrecked the car. In navigating the great lakes during the season just closed 94 lives were lost, ten being passengers. Mrs. Mary McKnight was convicted at Cadillac, Mich., of poisoning her brother, his wife and their baby, and was given a life sentence. Eight thousand independent telephone companies will be merged into a combine with $35,000,000 capital, according to plans of the Interstate association. The Elkhart (Ind.) national bank, which failed recently, cannot pay creditors in full, according to a United States treasury official. War between the United States and Germany over the latter's encroachments in South America is reported to have been predicted by Gen. MacArthur at the Hawaiian conference. The Standard Oil officials ordered bloodhounds sent to Montpelier, Ind., where some one opened the valves of five immense tanks and permitted the oil to escape. Fifteen persons were injured and Frank A. La Salle killed in a train collision near Steubenville, O.

7. December 25, 1903 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, December 25, 1903

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and of LATE NEWS ITEMS 120 Senate-After a session senate adjourned, sithours. the 4. The a quarter 19th. until January to a speech on the was largely devoted on the sitting Mr. Pettus, of Alabama. which the took by uation in Panama. in recognizing the position that the the United the of Panama by and of Republic premature of States had been as to render Gorman it doubtful such a character appearance. secure. Senator an order sought, but failed to directing the postmaster-general. full reo upon send to the senate inresolution him ord of to the post office department to this effect ob quiry. was defeated His for the time by House an jection from Mr. being Quay in session an The house. after 19th. adjourned for the was hour. on the A resolution holiday recess. the postmasterby which forward to agreed to requested to with general house was papers in connection Mr. Williams the office estigation providing the post offered a resolution. direct to the that the papers of come to a committee, which house. was instead agreed to without opposttion. Leeds Republican representatives, club of PhilThe through its on adelphia. and Mr. Cunningham. the Mr. Vance closed a contract with for the 20th, Northern hotei. of Chicago, the Great rooms during the session of republican 70 national convention. W. Meddaugh. for many Trunk years E counsel of the residence. Grand at general died at his on the railroad. Pointe Farms. Mich., Heart Grosse after an illness of a year. was the failure 20th. brought on by jaundice immediate cause of death three main departments III.. of are the Illinois The Steel Co., at Joliet. billet idle. the converter and the 20th, now having been ordered. on affected. mills About 1,500 were not The to close. duration of the shut-down was stated. While crossing the Iron Fredericks- Mountain bridge, north of Thomas J. railway Mo. on the 19th. the town. of Moline. III., feil to He Caime. a distance of over 25 feet. instantly ground. struck on his head and was killed. Gen. John C. Black. on the 19th, acthe civil service commissioner- in his cepted and the president will reconvenes, send ship. nomination when congress January 4. of the business portion of Sa- on Part I. T. was destroyed by was fre, suspulpa. 21st. The principal loss the by P. O. Hall & Co., general valued tained whose stock was Indian at $50,000. merchandise, Hall & Co. were 25 among the Creek Indians first years traders ago, and established the store in Sapulpa Louis Dennert was appointed reof the National Manufacturing The ceiver of Eikhart. Ind.. on the 21st. Co., were estimated at $123,000 and. reassets liabilities at $175,000. The the was the seventh Elkhart nafailure ceivership resulting from the Indiana tional bank of Elkhart. Speaker Cannon, on the 21st, rea letter from Representative York, ceived B. McClellan. of New his George that he had forwarded resignation stating as a member of congress resGov. Odell of New York, the ignation to to become effective on its recepit by the governor. The lumber yards and business of George E. White Co., of Chicago, were the placed in the hands of a receiver, The the 21st. by Judge Kohlsaat. on liabilities were placed at $250,000, while it was stated in the petition S that the assets would not exceed $200.c S 000. Both houses of the Louisiana legislature, on the 21st, adopted a resoluN tion requesting the United States senators from that state to vote in favor le of the ratification of the treaty procanal. viding for the building of the Panama James M. Edge. the bank teller who P embezzled about $110.000 of the funds th of the First national bank of Pater son, N. J., was sentenced, on the 21st, te to seven years' imprisonment in the New Jersey penitentiary is The last of the bodies that were reco ported missing were recovered, on the 21st. from the ruins of the dormitory at Walden university, of Nashville, Tenn The total loss of life by fire was 13. According to the Spanish newspaBi pers. a project is on foot for the marha of King Alfonso of to his ne the Princess Maria del Pilar cousin, riage Spain of Bavaria She is 13 years of age. The of the on the secretary treasury. envelope 1st. received in an postMa marked Dubuque, la., a conscience conribution of $30. re: ve After a brief session. on the 21st the ch nited States supreme court adjoarned by ntil January 4 next.

8. January 5, 1905 Iron County Register Ironton, MO
Article from Iron County Register, January 5, 1905

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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 80-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat, bank. 9--McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 2i-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank....E. O. Miller, banker, Providence, la National bank of Holdenville, Ind. T., suspends operations. 81-Union Trust, Boston: $1,600,000...Federal Trust. Cleveland; $1,000,000.

9. January 6, 1905 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, January 6, 1905

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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 30-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat. bank. 9-McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 21-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank....E. O. Miller, banker, Providence, Ia National bank of Holdenville, Ind. T., suspends operaHons. B1-Union Trust, Boston; $1,600,000. Federal Trust, Cleveland; $1,000,000. Apr. 4-Capital Nat. bank, Guthrie, Okla.; $1,033,000.... W. B. Mack, New York.

10. January 6, 1905 Middlebury Register Middlebury, VT
Article from Middlebury Register, January 6, 1905

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Business Failures Jan. 11-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (O.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. BO-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat. bank. 9-McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank: $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 21-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank E. O Miller, banker, Providence, Ia National bank of Holdenville, Ind. T., suspends operations. 81-Union Trust, Boston: $1,600,000 Federal Trust, Cleveland: $1,000,000. Apr. 4-Capital Nat. bank, Guthrie, Okla.; $1,033,000 W. B. Mack, New York.