4908. Haskell, Harris & Co. (Hillsboro, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 28, 1881
Location
Hillsboro, Illinois (39.161, -89.494)

Metadata

Model
gpt-5-mini
Short Digest
3e232b94

Response Measures

None

Description

Contemporary reports (Dec 1881–Jan 1882) describe Haskell, Harris & Co. as a suspended private banking house in Hillsboro, IL, with liabilities ~ $115,000 and apparently inadequate assets; a director was arrested. No article describes a depositor run on this specific bank or a reopening — suspension appears to be permanent/terminal in these reports.

Events (1)

1. December 28, 1881 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Arrest of a director (Wm. A. Young) and insolvency: liabilities about $115,000 with assets probably less than half; bank 'run for years with little or no capital.'
Newspaper Excerpt
the suspended banking house of Haskell, Harris & Co., of Hillsboro, Ills.
Source
newspapers

Newspaper Articles (10)

Article from Press and Daily Dakotaian, December 28, 1881

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Article Text

Suspicious Banks. St. Louis, December 28-Wm. A. Young, one of the directors of the suspended banking house of Haskell, Harris & Co., of Hillsboro, Ills., who was arrested at Litchfield night before last, has been admitted to bail in the sum of $6,000. He is said to have had $7,000 when arrested. Great excitement still exists over the suspension. Yesterday a run was made on another bank in town, the Montgomery County Loan and Trust company, and $90,000 are said to have been paid out by it, when confidence was restored.


Article from New-York Tribune, December 29, 1881

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FRAGMENTS OF WESTERN NEWS. A FATAL DOG BITE. CHICAGO, Dec. 28.-Mrs. Kennedy Gray, living ou Van Buren-at., died yesterday of hydrophobia. She was bitten by a large dog three months ago. A FAILURE IN ST. LOUIS. ST. LOUIS, Dec. 28. -Thomas D. Faulkner, dealer in boots and shoes, made an assignment yesterday to Samuel C. Bunn Faulkner sold on commission for several Eastern manufacturers as well as on his own account, and his liabilities may be serious. A LAND LEAGUE DEMONSTRATION ST. LOUIS, Dec. 28.-T. P. O'Connor, the Irish agitator, delivered an address at the Merchants' Exchange last night He was excorted to the ball by two companies of militia and several Irish societies, and was introduced to the audience by Governor Crittenden. Mayor Ewing also made a short address. A MONEY PACKAGE MISSING, CHICAGO, Dec. 28.-Dempsey Reese, of Colorado, came to this city on the 10th inst., stopped at the Brevort House, and deposited a package containing $3,000 in the hotel safe. Yesterday the package was missing. Some of the attaches of the hotel believe and assert that the money was returned to Mr. Reese some days ago. THE HILLSBORO BANKING TROUBLES. ST. LOUIS, Dec. 28.-William A. Young, one of the directors of the suspanded banking house of Haskell, Harris & Co., at Hitlsboro, III., who was arrested at Litchfield on Monday night. has been admitted to bail. He 18 said to have had $7,000 on his person when arrested. Great excitement still exists over the auspension, and yesterday a run was made on another bank in the town. the Montgomery County Loan and Trust Company, and $90,000 are said to have been paid out by it, when confidence was fairly restored.


Article from The Emporia Weekly News, December 29, 1881

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A Financial Flury, CHICAGO, Dec. 28.-Wm. A. Young, one of the directors of the suspending banking house of Haskell, Harris & Co. at Hillsboro, Illinois, who was arrested at Litchfield night before last, has been admitted to bail in the sum of $6,000. He is said to have had $7,000 on his person when arrested. Great excitement still exists over the suspension and yesterday a run was made on another bank in town, the Montgomery County Loan & Trust Company, and ninety thousand dollars are said to have been paid out by it when confidence was reasonably restored.


Article from Daily Globe, December 29, 1881

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Illinois Bank Excitement. Sr. LOUIS, Dec. 28.-Wm. A. Young, one of the directors of the suspended banking house of Haskell, Harris & Co., at Hillsboro, III., wno was arrested at Litchfield night before last, has been admitted to bonds in the sum of $6.000. He is said to have had $7,000 on his person when arrested. Great excitement still exists over the suspension, aud yesterday a run was made on another bank in the town, the Montgomery County Loan and Trust company, and $90,000 are said to have been paid out by it, when confidence was restored.


Article from Chicago Daily Tribune, December 29, 1881

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FINANCIAL. The Ripple at Illisboro, III. SPRINGFIELD, III., Dec. 28.-William A. Young. one of the Directors of the suspended banking house of Haskell, Harris & Co., nt Hillshoro, III., who was arrested at Litchfield night before Inst. hns been admitted to ball in thosum of $0,000. He is said to have and $7,000 on his porson when arrested. Grout excitement BILLI exists over the susponsion, and yesterday n run was made on another bank in the town, the Montgomery County Loan & Trust Company, and $90,000 are said to have bucu paid out by it when confidence was reasonably restored.


Article from Mineral Point Tribune, January 5, 1882

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. Criminal. A PACKAGE containing $3,000 in currency has been mysteriously abstracted from the safe of the Brevoort house, Chicago. JUDGE TULEY of Chicago, has granted a new trial to Captain Ben Eyster, convicted of murder, and fixed the bail at $10,000. A BAGGAGE-WAGON. containing eleven trunks, while standing at a Fifth avenue residence in New York, was driven off by thieves, and when recovered held but one piece of baggage. THE authorities of Caldwell, Kan., have offered rewards of $2,000 for the arrest of the cowboy raiders, and the mayor has made application at Washington for the aid of the military forces in Indian territory, in making the capture. LABORERS on the West Shore railroad indulged in a riot at Newburg, N, Y., a negro shooting an Italian, and an Irishman receiving a fatal stab. Troops were called out, and six Italians were arrested. INDIANS and half-breeds attacked and riddled with bullets a saloon at Moose Lake, Minn., the proprieter's corpse be. ing found in the garret. Two half-breeds have been jailed on suspicion. THERE is intense excitemet at Tombstone, Árizona, over an attempt by cowboys to assassinate Deputy Marshal Earp. Three men tired at him from an unfinished building and put nineteen shot in his body. ROBERT L. LINDSAY, the famous Missouri land swindler, was arraigned au Steubenville, O., and sentenced to nine years in the penitentiary. REV. H. H. HAYDEN, the Connecticut wife murderer, is still at work in a babycarriage shop at New Haven, on $5,000 bail, and efforts are being made to have a nolle prosequi entered. A COLORED citizen, named Gabriel White, was hanged at Watersboro, S. C., for the murder of Frederick Bellinger. Wm. H. Erb, who killed his wife, suffered execution in the jail at St. Lous. WILLIAM TULLY, Jr., who served as an election officer in Philadelphia and made fraudulent returns, entered a piea of guity and was fined $100, sentenced to imprisonment for six months, and debarred from voting or holding office for seven years. DR. C. H. ROSENHAUER, a planter residing ten miles from Pine Bluff, Ark., while seated in an arm-chair before the e fire in his sitting-room, was shot dead by some unknown assassin. A colored man has been arrested on suspicion, and a Chinaman with whom the doctor had trouble is being searched for. WILLIAM A. YOUNG, of Hillsboro, Ill. one of the directors of the suspended banking house of Haskell, Harris & Co.,


Article from The Iola Register, January 6, 1882

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demic form in New York City. For the week ended Dec. 24, eighty-two deaths occurred from the disease. HASKELL, HARRIS & Co., private bankers at Hillsboro, III., have suspended, with liabilities of about $115,000 and availa. ble assets of probably less than half that amount. The concern was an old established one, of good repute, but seems to have been run for years with little or no capital. Two men charged with murder, robbery and arson have been lynched in Southampton County, Va. THE steamer Paris C. Brown exploded her main steam-pipe when eighteen miles above Arkansas City, on the 26th, scalding thirteen persons, two very badly. Several rousters jumped overboard, and three are missing, supposed to be drowned. Only one pa-senger was slightly injured. JOHN EDMONDS, an old and respected citizen of Fairmount, Leavenworth County, Kans., died from the carelessness of a young physician. Dr. Coffin, who administered powdered opium by mistake for powdered rhubarb. IN attempting to cross the Kanawha at Charleston, W. Va., Peter Herring and his two sons were drowned. AT Fort Concho, Texas, on the 26th, a street shooting affray occurred between a gambler and a bartender, in which both emptied their revolvers regardless of the passers-by. Mr. John Pendleton, a wellknown citizen, hearing the shooting, came to his door and looked out, when one of the flying bullets struck him in the breast, piercing his heart and causing instant death. TWELVE prisoners èscaped from the Shreveport (La.) Jail on the night of the 27th, by making a breach through the iron cage and then piercing the brick wall of the Jail. Three of the escaped prisoners were under sentence of death for murder, two of them to be hanged on the 30th. It was believed they would he recaptured. MRS. M.F.KAPPEGE, of New Orleans, gave her four-year-old boy a pistol to play with, at the same time showing him how to aim it. The child pointed the pistol at his mother, it was in some way discharged, and Mrs. Kappege fell to the floor dead, the bullet having pierced her brain. Of course she 'did not know it was loaded." A SANGUINARY encounter is reported from Round Oak, Jones County, Ga. A young farmer named Jack Wm. Gray interfered with a negro dance and was fatally stabbed by three negro brothers, Bob, Henry and Aik Jackson. Gray fired into the brothers, killing all three, one dying on the spot, one before reaching the door, and the other a few hours later. Gray crawled out of the house and died on the steps. A TERRIBLE tragedy is reported from Bellefont, Ala., a small station on the M. & C. Railroad, forty-four miles from Chattanooga, resulting in the probably fatal shooting of W. D. Martin, his son John, and C. M. Fennel. They are the only merchants in the place, and the difficulty originated through jealousy. IT is reported that a Col. L. M. Bell, residing in Ashley County, Ark., .near the Louisiana line. has been hung by a mob. It is alleged that Bell habitually abused his wife, an estimable woman, and that on Christmas she died a victim of his cruelty. Her death aroused the neighborhood, and the sequel was the lynching of her husband. THE capture and execution of Chief Arzate, long a terror of Presidio Del Norte and vicinity, and thirty of his band, near Chihuahua, Mexico, is confirmed. AT Biddeford, Me., on the 28th, Lean Moore, a young man, shot and killed his affianced, Miss Belle Cushman, and then put a bullet through his own head. Moore was a clerk in a Boston store, at home on a holiday visit. Miss Cushman was a schoolteacher. Each was about twenty-one years of age. Their families are highly respectable. It is supposed jealousy was the cause of the tragedy.


Article from The Panola Weekly Star, January 7, 1882

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COMMERCE AND INDUSTRY HASKELL, HARRIS & Co., private bankers at Hillsbero, III., have suspended with liabilities of about $115,000 and avallabie assets of probably less than half that amount. The concern was an old establisbed one, of good repute, but seems to have been run for years with little or no capital. Two new Illinois railroad companies just Incorporated are the Cineinnati & St. Louis Air-Line Railroad, which proposes to construct a road from East St. Louis to the Wabash River at or near Palestine, and the Mattoon & Northern Railroad, running from Mattoon to the Midland. THE unprecedented warm weather has created fears of an ice famine, up to Jan. 1 not a pound having been harvested, so far as known, in any locality. Lumbering operations in the Northern woods are also greatly retarded for want of snow. THE Riley County Bank, of Manhat tan, Kans., has suspended, following upon the suicide of the Cashier, Jesse K. Winship.


Article from St. Landry Democrat, January 7, 1882

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COMMERCE AND INDUSTRY. HASKELL, HARRIS & Co., private bankers at Hillsboro, III., have suspended with liabilities of about $115,000 and available assets of probably less than half that amount. The concern was an old established one, of good repute, but seems to have been run for years with little or no capital. Two new Illinois railroad companies just incorporated are the Cincinnati & St. Louis Air-Line Railroad, which proposes to construct a road from East St. Louis to the Wabash River at or near Palestine, and the Mattoon & Northern Railroad,running from Mattoon to the Midland. THE unprecedented warm weather has created fears of an ice famine, up to Jan. 1 not a pound having been harvested, so far as known, in any locality. Lumbering operations in the Northern woods are also greatly retarded for want of snow.


Article from The Patron of Husbandry, January 14, 1882

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COMMERCE AND INDUSTRY. HASKELL, HARRIS & Co., private bankers at Hillsboro, III., have suspended with liabilities of about $115,000 and available assets of probably less than half that amount. The concern was an old established one, of good repute, but seems to have been run for years with little or no capital. Two new Illinois railroad companies just incorporated are the Cincinnati & St. Louis Air-Line Railroad, which proposes to construct a road from East St. Louis to the Wabash River at or near Palestine, and the Mattoon & Northern Railroad,running from Mattoon to the Midland. THE Riley County Bank, of Manhat tan, Kans., has suspended, following upon the suicide of the Cashier, Jesse K. Winship.