4995. Central National Bank (Green Castle, IN)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
2896
Charter Number
2896
Start Date
August 5, 1893
Location
Green Castle, Indiana (39.644, -86.865)

Metadata

Model
gpt-5-mini
Short Digest
ed0d49e42bf9bf60

Response Measures

None

Description

Multiple contemporaneous newspapers (Aug 5โ€“6, 1893) report that the Central National Bank of Greencastle, Ind., has suspended. No articles mention a run prior to suspension, no measures taken, nor any reopening or receiver assignment in these clippings. Because the coverage only reports suspension with no later reopening mentioned, I classify as suspension_closure, but closure/receivership is not explicitly documented in these items.

Events (2)

1. March 5, 1883 Chartered
Source
historical_nic
2. August 5, 1893 Suspension
Cause Details
Newspapers report the bank has suspended but give no reason or explanation in these clippings.
Newspaper Excerpt
GREENCASTLE, Ind., Aug. 5.-The Central National bank of this city has suspended. No statement.
Source
newspapers

Newspaper Articles (5)

Article from The Herald, August 6, 1893

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Article Text

EMBARRASSED BANKS. The List of Suspended Institutions Keeps on Growing. WHEELING, W. Va., Aug. 5.-The directors of the Exchange bank of this city this evening decided to make an assignment and the bank will not open Monday. No statement has yet been made. The bank is said to be solvent. GREENCASTLE, Ind., Aug. 5.-The Central National bank of this city has suspended. No statement. LEON, Iowa, Aug. 5.-The Decatur County Banking association, the oldest concern in Southern Iowa, including branch banks at Davis City and Garden Grover, suspended this morning. Assets, $47,000; liabilities, $315,000. T.S. Arnold is the assignee. It is believed the embarrreement is only temporary. New BEDFORD, Mass., Aug. 5.-The New Bedford Safe Deposit and Trust company, capital $200,000, has failed; no statement of liabilities or aseets. It is claimed the depositors will be paid in full.


Article from The Morning Call, August 6, 1893

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Article Text

at Davis City and Garden Grove, suspended this morning. The assets are $471,000 and liabilities $315,000. T. S. Arnold is assignee. It is believed the em barrassment is only temporary. LOWELL. Mass., Aug. 5.-The Lawrence Mills will be run on half time, beginning Monday. Faulkner's mills will shut down for an indefinite period. The Lowell Company, ingrain department, has laid off 1000 hands for a month. LAWRENCE, Mass., Aug. 5.-The Pacific, Everett, Washington, Atlantic, Arlington and Pemberton mills have announced a shutdown for two or four weeks. The Pacific employs 5000 persons. GREENCASTLE, Ind., Aug. 5.-The Central National Bank of this city has suspended. There is no statement. WHEELING, W. Va.. Aug. 5.-The directors of the Exchange Bank in this city this evening decided to make an assignment, and the bank will not open on Monday. No statement is yet made. The bank is said to be solvent. SPOKANE, Wash., Aug. 5.-Hale & EasSOD. wholesale grocers, made an assignment to-night. Jerome Drumbeller was appointed assignee, but declined to-night to make any statement. further than that he expected to pay every creditor in full. Poor collections and a tight money market are given as the causes of the failure. The firm had built up a big business and were fairly prosperous until hard times set in.


Article from The Salt Lake Herald, August 6, 1893

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Article Text

TELEGRAPHIC BREVITIES, The Central National bank of Greencastle, Ind., has suspended. No statement. The wheat crop of Kansas will not be more than 21,000,000 bushels as against 70,000,000 last year. Corn has been badly damaged. The Pioneer Poultry company of Wellsville, Ohio, has made an assignment. Assets exceed $75,000. Liabilities somewhat less. The directors of the Exchange bank of Wheeling, W. Va., have decided to make an assignmentand the bank will not open Monday. No statement is yet made. The bank is said to be solvent. J. K. Ooms of Holland, winner of the much-prized trophy of the Henley regatta, arrived in New York yesterday on his way to Chicago, where he will enter all the big races of the Chicago navy regatta next month.


Article from Morning Journal and Courier, August 7, 1893

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Article Text

Bank Suspensions Reported. NEW YORK, Aug. 6.-Bank suspensions are reported as follows: First National bank of White Sulphur Springs, Mont.; Central National, Greencastle, Ind.; Bank of Abingdon and Exchange and Deposit bank, Lynchburg, Va.; Exchange bank, Wheeling, W. Va; Marston, Larson and Davis, bankers at Lake Crystal, Minn.


Article from Essex County Herald, August 11, 1893

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Article Text

News in General. In Boone township, Indiana, a large crowd of men went to the home of William and Ed Conrad for the purpose of lynching the two boys, who were suspected of killing their father last winter. The young Conrads. who were well armed. fired into the crowd. killing John Timberlake, William Wiswell. Edward Houston and Isaac Howe, and fatally wounding William May. The Conrads esraped. The Michigan Stove Company has closed its shops and about 1100 men are thrown out of employment. The impossibility of securing currency to pay the men was the cause. Rob't H. Coleman, the "iron king" of Lebanon Valley, Pa., has confessed judgments aggregating $306,500, which, with other liens previously entered. swells the aggregate of his liabilities to $5,604,000. The Chicago Title &Trust Company has been appointed receiver for Badeneich Bros. lumber dealers. The assets are placed at $700,900 liabilities, $500,000. A freight train on the Peoria & Eastern railroad broke in two on a trestle near Danville, III., and the rear portion was run into by another freight. The middle span of the trestle, 25 cars of grain, two cabooses and an engine were destroyed. Loss $100,000 It is asserted that 15 men who were stealing a ride were killed, but only one body, that of a brakeman, has been found. Bank suspensions have been reported as follows: First National Bank of White Sulphur Springs, Mont. : Central National, Greencastle, Ind., Bank of Abington and Exchange & Deposit Bank. Lynehburg, Va.: Exchange Bank, Wheeling, W. V.: Marston. Larson & Davis, bankers at Lake Crystal Minn. Pension Commissioner Loehran has extended until October 10 the period within which pensioners whose pensions have been suspended may make proof of their right to receive them. At McCreery, Ark., a negro killed an old and respectable citizen and wounded Chief Patterson of Woodruff county, Ark. The murderer was arrested, but escaped to the woods. He was pursued by citizens and lynched. The furniture factory of the Judkins Manufacturing Company at Hanson Park, III., was burned. Loss $100,000; partly covered by insurance.