4981. State Bank (Lockport, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 29, 1903
Location
Lockport, Illinois (41.589, -88.058)

Metadata

Model
gpt-5-mini
Short Digest
515a2049

Response Measures

None

Description

Multiple contemporaneous newspaper items (late Oct 1903) report the State Bank of Lockport, Ill., was placed in the receiver's hands with liabilities of $100,000. No articles mention a depositor run prior to suspension; the bank was taken into receivership (closure).

Events (2)
1. October 29, 1903 Receivership
Newspaper Excerpt
The State bank of Lockport (Ill.) was placed in the receiver's hands. The liabilities are $100,000.
Source
newspapers
2. October 29, 1903 Suspension
Cause
Government Action
Cause Details
Bank was placed in the receiver's hands (taken into receivership) with reported liabilities of $100,000.
Newspaper Excerpt
At Lockport, Ill., the State bank was placed in a receiver's hands with liabilities of $100,000.
Source
newspapers

Newspaper Articles (7)
1. October 29, 1903 River Falls Journal River Falls, WI
Article from River Falls Journal, October 29, 1903

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Article Text

WEST AND SOUTH. After an 8,000-mile walk from San Francisco, undertaking to cure consumption, C. E. Norris reached Middletown, N. Y. He started August 8, 1901. At the age of 99 years Judge Francis L. Nichols, one of the oldest pioneers of Lucas county, died in Toledo, O. Mrs. William Tate, a colored woman, 23 years old, gave birth to four girl babies at Zanesville, O. Guardianship of Moses Fowler Chase, millionaire incompetent, has been awarded by the federal court of appeals to his father, F. S. Chase, of Lafayette, Ind. Burglars secured $15,000 in stamps and money from the post office at Superior, Wis. Asset currency and branch banks were opposed by speakers at the American Bankers' convention in San Francisco. Howard again won the Intercollegiate Golf association championship by defeating Princeton at Garden City. S. E. Morss, aged 51, editor and owner of the Indianapolis Sentinel, fell from his office building and was killed. Near Roseau, Minn., Albert Jensen, aged 38 years, killed Josie Johnson, aged 19, and then killed himself. More than 20 deaths were reported in northern Georgia due to eating cabbage saturated with poison by a strange worm. At Lockport, Ill., the State bank was placed in a receiver's hands with liabilities of $100,000. This year the California raisin crop is 80,000,000 pounds, an excess over 1902 of 6,000,000 pounds. In an address to the American Bankers' association at San Francisco, Comptroller of the Currency Ridgely declared business sense, not legislation, is needed for overspeculation. Six tramps stole a Northwestern railroad locomotive from a gravel pit near Beloit, Wis., and all traffic was stopped 20 miles south of Janesville. At Birmingham, Ala., Felix Hall (colored) was hanged for the murder of Norwood Clarke, a young white man. At Memphis, Tenn., Dan Patch paced a mile in 1:561/4, breaking the world's record. At Butte, Mont., Judge Clancy enjoined the payment of dividends to the Amlagamated Copper company, which ordered all plants closed, affecting 20,000 men. Harvey Barnhart and Norse Powell, farmers living near Hartford City, Ind., were fatally injured in a feud fight. In St. Louis John Withnell, quarter back of the St. Louis university eleven, died from injuries received in a football game. The Acme Harvester company, of Peoria, Ill., was placed in creditors' hands, with assets of $4,000,000, and liabilities of $2,000.000. At Lesseur, Minn., the Farmers' and Merchants' bank, a private institution owned by W. H. and W. A. Patten, closed its doors with liabilities of $50,nna

2. October 29, 1903 Northern Wisconsin Advertiser Wabeno, WI
Article from Northern Wisconsin Advertiser, October 29, 1903

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Article Text

NEWS OF THE WORLD. TRADE AND INDUSTRY. The First National bank of Alleghany, Pa., is in liquidation. The Federal National bank of Pittsburg is closed with $1,000,000 owing depositors. The Maryland Trust company and the Union Trust company, both of Baltimore, were suspended. The State bank of Lockport (III.) was placed in the receiver's hands. The liabilities are $100,000. The Acme Harvester company of Peoria, III., was placed in the creditors' hands; its assets are $4,000,000; liabilities, $2,000,000. Howard Elliott, second vice president of the Burlingtin railroad was elected president of the Northern Pacific. to succeed C. S. Mellen, who becomes head of the New Haven. C. M. Schwab accused by Lewis Nixon with wrecking the shipbuilding trust: some $2,802,000 for improving the Bethlehem plant were appropriated over Nixon's protest that the trust would be left bankrupt.

3. October 30, 1903 The Tomahawk White Earth, MN
Article from The Tomahawk, October 30, 1903

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In consequence of the understanding arrived at beetween Turkey and Bulgaria the latter has ordered the disbandment of 10,000 troops now on the frontier. Turkey must now, in accordance with the agreement, disband 20,000 of her troops. A draft of the decision reached by the Alaska boundary commissioners was signed by a majority of the commissioners in London. Messrs. Aylesworth and Jette, the Canadian commisisoners, refused to sign. Russians in the far east are savage at America for concluding her recent treaty with China, and declare the St. Petersburg government will never allow Mukden to be opened as a treaty port. Senator Poirier, in the Canadian parliament at Ottawa, urged "calling a halt" on cessions to the United States, which he declared may involve independence of the dominion. China has signed a treaty giving Russia a monopoly of Manchurian trade and mining rights, thereby violating the with America to open certain to the commerce ports agreement of the world. LATER. As a result of the Bristow report on postal scandals Postmaster General Payne has dismissed Michael W. Louis, superintendent of supplies, and Louis Kempner, superintendent of registry. The battleship Missouri broke all records for speed on her trial trip by covering 66 knots at 18.05 per hour. "Regrettable but honorable," sums up the general tenor of comment by London papers on the Alaskan boundary decision. At Zanesville, O., Mrs. William Tate, a colored woman, 23 years old, gave birth to four girl babies. It is said that the Servian army officers who assassinated King Alexander and Queen Draga received payment for their deeds. The federal national bank of Pittsburg, Pa., closed its doors with $1,900,000 owing depositors. Government agents are investigating an alleged "land graft" ring on the Pacific coast, which is said to have secured large areas of land illegally. Robbers secured $15,000 in stamps and money from the post office at Superior, Wis. The Intercollegiate Golf association championship was again won by Harvard, which defaeted Princeton at Garden City. Samuel E. Morss, aged 51, editor and owner of the Indianapolis Sentinel, fell from his office window and was killed. Branch banks and asset currency were opposed by speakers at the American bankers' convention in San Francisco. Over a score of deaths were reported in northeast Georgia due to eating cabbage saturated with poison by a strange worm. Colombia has received an offer from a German syndicate which is anxious to build the Panama canal. Robert E. Lewin, of Plainfield, N. H., student of the Baltimore Medical college, was killed in a football game at Annapolis, Md. The guardianship of Moses Fowler Chase, millionaire incompetent, has been awarded by the federal court of appeals to his father, F. S. Chase, of Lafayette, Ind. The State bank of Lockport, III., was placed in a receiver's hands with liabilities of $100,000. Twenty thousand persons who were unable to enter John A. Dowie's New York meeting stampeded at the entrance and trampled on women and stopped street traffic.

4. October 30, 1903 The Ely Miner Ely, MN
Article from The Ely Miner, October 30, 1903

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Article Text

championship was again won by Harvard, which defeated Princeton at Garden City. Samuel E. Morss, aged 51, editor and owner of the Indianapolis Sentinel, fell from his office window and was killed. Albert Jensen, aged 38 years, killed Josie Johnson, aged 19, and then killed himself, near Roseau, Minn. Over a score of deaths were reported in northeast Georgia due to eating cabbage saturated with poison by a strange worm. Robert E. Lewin, of Plainfield, N. H., student of the Baltimore Medical college, was killed in a football game at Annapolis, Md. The State bank of Lockport, Ill., was placed in a receiver's hands with liabilities of $100,000. As a result of the Bristow report on postal scandals Postmaster General Payne has dismissed Michael W. Louis, superintendent of supplies, and Louis Kempner, superintendent of registry. Rev. Merle St. C. Wright, of New York, favors putting to easy death persons suffering from incurable diseases. Edward H. Harriman expresses his faith in continued prosperity of the country, and says that stock values are now seeking their proper level. The California raisin crop for the year is 80,000,000 pounds, an excess over 1902 of 6,000,000 pounds. Comptroller of the Currency Ridgely in an address to the American Bankers' association at San Francisco declared business sense, not legislation, is needed for overspeculation. John Alexander Dowie told a New York audience he hoped to convert the pope and bring him into Zion. Several of the checks sent him proved to be worthless. A Northwestern railroad locomotive was stolen by six tramps from a gravel pit near Beloit, Wis., and all traffic was stopped 20 miles south of Janesville. Partial investigation of alleged land frauds in the northwest is said to show that at least five United States senators are connected with the scandal. Felix Hall (colored) was hanged at Birmingham, Ala., for the murder of Norwood Clarke, a young white man. Dan Patch paced a mile in 1:561/4 at Memphis, Tenn., breaking the world's record. John Withnell, quarter back of the St. Louis university eleven, died from injuries received in a football game in St. Louis. Norse Powell and Harvey Barnhart farmers living near Hartford City, Ind., were fatally injured in a feud fight. Judge Clancy, of Butte, Mont., enjoined the payment of dividends to the Amalgamated Copper company, which ordered all plants closed, affecting 20,000 men. An attempt to force action on the isthmian cannal is threatened by Senator Morgan during the extra session of congress. William H. Landvoight, chief of the classification division of the post office department, presented his resignation to Postmaster General Payne. Acme Harvester company of Peoria, III., was placed in creditors' hands with assets of $4,000,000 and liabilities of $2,000,000. The Farmers' and Merchant's bank, a private institution at Lesseuer, Minn., owned by W. H. and W. A. Patten, closed its doors with liabilities of $50,000. The First national bank of Allegheny, Pa., closed its doors. The Minneapolis Cold Storage company filed a petition in bankruptcy in Minneapolis with liabilities of $400,000. G. M. Ballard, of Newark, N. J., was elected president of the National Mutual Improvement association, in session at Indianapolis. Charles L. Conine, national secretary and treasurer, was convicted at Kansas City of embezzling $5,676 from the United Brotherhood of Leather Workers. At Wausau, Wis., Arthur Young pleaded guilty to murdering his friend, Edward Smith, in August last, and was sentenced to life imprisonment. The second-class protected cruiser Denver failed to make her contract speed, 17 knots an hour, in the government's trial test off Cape Ann.

5. October 30, 1903 Morgan County Democrat Versailles, MO
Article from Morgan County Democrat, October 30, 1903

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Article Text

Happenings of the Past Seven Days in Brief. ROUND ABOUT THE WORLD Casualties and Fires, Personal and Political Notes, Business Failures and Resumptions, Weather Record. INTELLIGENCE FROM ALL PARTS DOMESTIC Pension Commissioner Ware, in granting promotions to a number of clerks it his bureau. warns them that merit is the only thing considered and outside infuence will injure those attempting to use it. Lou Dillon, queen of the trotting turf. easily defeated Major Delmar in the race for the $5,000 gold cup at Memphis. By the Alaska award America gets two (slands which dominate Port Simpson, where the Grand Trunk Pacific is to end. The Canadian commissioners refused to sign the verdict, declaring their country betrayed. Joseph L. Bristow. fourth assistant postmaster general. has completed his report on the scandals investigation. C.E. Norris reached Middletown, N.Y., after an 8,000-mile walk from San Francisco, undertaking to cure consumption. He started August 8, 1901. President Roosevelt has annonuced his intention of going to Oyster Bay to cast his vote on election day, Tuesday, November 3. Howard Elliott. of St. Paul. Minn., hasbeen elected president of the Northern Pacific railroad. At Zanesville, O., Mrs. William Tate, a colored woman. 23 years old, gave birth to four girl babies. The guardianship of Moses Fowler Chase, millionaire incompetent. has been awarded by the federal court of appeals to his father, F. S. Chase, of Lafayette, Ind. The fede ral national bank of Pittsburg. Pa., closed its doors with $1,900,000 owing depositors. Robbers secured $15,000 in stamps and money from the post office at Superior, Wis. The president has appointed Horace W. Bailey United States marshal for Vermont, to succeed Fred Field, dismissed. Branch banks and asset currency were opposed by speakers at the American bankers' convention in San Francisco. Government agents are investigating an alleged "land graft" ring on the Pacific coast, which is said to have secured large areas of land illegally. Twenty thousand persons who were unable to enter John A. Dowie's New York meeting stampeded at heentrance and trampled on women and stopped street traffle. The battleship Missouri broke all records for speed on her trial trip by covering 66 knots at 18.05 per hour. The Intercollegiate Golf association championship was again won by Harvard, which defeated Princeton at Garden City. Samuel E. Morss, aged 51, editor and owner of the Indianapolis Sentinel, fell from his office window and was killed. Albert Jensen, aged 38 years, killed Josie Johnson, aged 19, and then killed himself, near Roseau, Minn. Over a score of deaths were reported In northeast Georgia due to eating cabbage saturated with poison by a strange worm. Robert E. Lewin, of Plainfield. N. H., student of the Baltimore Medical college, was killed in a football game at Annapolis, Md. The State bank of Lockport, III., was placed in a receiver's hands with liabilities of $100,000. As a result of the Bristow report on postal scandals Postmaster General Payne has dismissed Michael W. Louis, superintendent of supplies, and Louis Kempuer, superintendent of registry. Rev. Merle St. C. Wright, of New York, favors putting to easy death persons suffering from insurable diseases. Edward H. Harriman expresses his faith in continued prosperity of the

6. October 31, 1903 The Leader Brookhaven, MS
Article from The Leader, October 31, 1903

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Article Text

WEST AND SOUTH. At the age of 102 years David Mitchell died at his home near Burtonview, III. Ex-Gov. Peter Turney died at his home in Winchester, Tenn. In an address to the irrigation congress at Bismarck, N. D., J. J. Hill declared charge for moving freight in the northwest has dropped from $2.51 per ton in 1882 to 85 cents in 1903. The South Portland, a steamer en route from Portland, Ore., to San Francisco, was wrecked on Cape Blanco and 21 of 36 persons on board were believed lost. Ben and Al Wade, convicted of the murder of Katherine Sullivan at Toledo, O., will be electrocuted November 11. At Chatsworth, III., the banking concern of J. E. Brown made an assignment with liabilities of $33,117; assets, $28,428. In Memphis Lou Dillon, queen of the trotting turf, easily defeated Major Delmar in a race for a $5,000 gold cup. In an address to the Illinois Federation of Women's Clubs at Cairo Mary McDowell urged working women to organize, and asked boycott of goods made by children. After an 8,000-mile walk from San Francisco, undertaking to cure consumption, C. E. Norris reached Middletown, N. Y. He started August 8, 1901. At the age of 99 years Judge Francis L. Nichols, one of the oldest pioneers of Lucas county, died in Toledo, O. The new president of the Northern Pacific railroad is Howard Elliott, of St. Paul, Minn. Mrs. William Tate, a colored woman, 23 years old, gave birth to four girl babies at Zanesville, O. Guardianship of Moses Fowler Chase, millionaire incompetent, has been awarded by the federal court of appeals to his father, F. S. Chase, of Lafayette, Ind. Burglars secured $15,000 in stamps and money from the post office at Superior, Wis. Asset currency and branch banks were opposed by speakers at the American Bankers' convention in San Francisco. Howard again won the Intercollegiate Golf association championship by defeating Princeton at Garden City. S. E. Morss, aged 51, editor and owner of the Indianapolis Sentinel, fell from his office building and was killed. Near Roseau. Minn., Albert Jensen, aged 38 years, killed Josie Johnson, aged 19, and then killed himself. More than 20 deaths were reported in northern Georgia due to eating cabbage saturated with poison by a strange worm. At Lockport, III., the State bank was placed in a receiver's hands with liabilities of $100,000. This year the California raisin crop is 80,000,000 pounds, an excess over 1902 of 6,000,000 pounds. In an address to the American Bankers' association at San Francisco, Comptroller of the Currency Ridgely declared business sense, not legislation, is needed for overspeculation. Six tramps stole a Northwestern railroad locomotive from a gravel pit near Beloit, Wis., and all traffic was stopped 20 miles south of Janesville. At Birmingham, Ala., Felix Hall (colored) was hanged for the murder of Norwood Clarke, a young white man. At Memphis, Tenn., Dan Patch paced a mile in 1:561/4, breaking the world's record. At Butte, Mont., Judge Clancy enjoined the payment of dividends to the Amlagamated Copper company, which ordered all plants closed, affecting 20,nnn men.

7. October 31, 1903 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, October 31, 1903

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Article Text

championship was again won by Harvard, which defeated Princeton at Garden City. Samuel E. Morss, aged 51, editor and owner of the Indianapolis Sentinel, fell from his office window and was killed. Albert Jensen, aged 38 years, killed Josie Johnson, aged 19, and then killed himself, near Roseau, Minn. Over a score of deaths were reported in northeast Georgia due to eating cabbage saturated with poison by a strange worm. Robert E. Lewin, of Plainfield, N. H., student of the Baltimore Medical college, was killed in a football game at Annapolis, Md. The State bank of Lockport, III., was placed in a receiver's hands with liabilities of $100,000. As a result of the Bristow report on postal scandals Postmaster General Payne has dismissed Michael W. Louis, superintendent of supplies, and Louis Kempner, superintendent of registry. Rev. Merle St. C. Wright, of New York, favors putting to easy death persons suffering from incurable diseases. Edward H. Harriman expresses his faith in continued prosperity of the country, and says that stock values are now seeking their proper level. The California raisin crop for the year is 80,000,000 pounds, an excess over 1902 of 6,000,000 pounds. Comptroller of the Currency Ridgely in an address to the American Bankers' association at San Francisco declared business sense, not legislation, is needed for overspeculation. John Alexander Dowie told a New York audience he hoped to convert the pope and bring him into Zion. Several of the checks sent him proved to be worthless. A Northwestern railroad locomotive was stolen by six tramps from a gravel pit near Beloit, Wis., and all traffic was stopped 20 miles south of Janesville. Partial Investigation of alleged land frauds in the northwest is said to show that at least five United States senators are connected with the scandal. Felix Hall (colored) was hanged at Birmingham, Ala., for the murder of Norwood Clarke, a young white man. Dan Patch paced a mile in 1:56½ at Memphis, Tenn., breaking the world's record. John Withnell, quarter back of the St. Louis university eleven, died from injuries received in a football game in St. Louis. Norse Powell and Harvey Barnhart farmers living near Hartford City, Ind., were fatally injured in a feud fight. Judge Clancy, of Butte, Mont., enjoined the payment of dividends to the Amalgamated Copper company, which ordered all plants closed, affecting 20,000 men. An attempt to force action on the isthmian cannal is threatened by Senator Morgan during the extra session of congress. William H. Landvoight, chief of the classification division or the post office department, presented his resignation to Postmaster General Payne. Acme Harvester company of Peoria, III., was placed in creditors' hands with assets of $4,000,000 and liabilities of $2,000,000. The Farmers' and Merchant's bank, a private institution at Lesseuer, Minn., owned by W. H. and W. A. Patten, closed its doors with liabilities of $50,000. The First national bank of Allegheny, Pa., closed its doors. . The Minneapolis Cold Storage company filed a petition in bankruptcy in Minneapolis with liabilities of $400,000. G. M. Ballard, of Newark, N. J., was elected president of the National Mutual Improvement association, in session at Indianapolis. Charles L. Conine, national secretary and treasurer, was convicted at Kansas City of embezzling $5,676 from the United Brotherhood of Leather Workers. At Wausau, Wis., Arthur Young pleaded guilty to murdering his friend. Edward Smith, in August last. and was sentenced to life imprisonment. The second-class protected cruiser Denver failed to make her contract speed, 17 knots an hour, in the government's trial test off Cape Ann.