4996. First National Bank (Green Castle, IN)

View Charter #219 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
219
Charter Number
219
Start Date
February 1, 1903*
Location
Green Castle, Indiana (39.644, -86.865)

Metadata

Model
gpt-5-mini
Short Digest
96b40a6be39a9ed8

Response Measures

None

Description

Both articles (Mar 7 and Mar 16, 1903) report that Thomas C. Hammond and Jerome Allen, until last month president and cashier of the First National Bank at Greencastle, have assigned. This phrasing indicates an assignment (bank failure/insolvency) occurred around February 1903. There is no mention of a depositor run or reopening; therefore classified as a suspension leading to closure. The provided city in the prompt was 'Green Castle' (two words) but contemporary newspapers use 'Greencastle' — corrected here.

Events (3)
1. January 27, 1864 Chartered
Source
historical_nic
2. February 1, 1903* Suspension
Cause Details
Newspaper reports that the bank officers have assigned (assignment for benefit of creditors), implying insolvency/closure; no specific cause given in articles.
Newspaper Excerpt
Greencastle, Ind.-Thomas C. Hammond and Jerome Allen, who were until last month president and cashier of the First National bank, having held the respective offices forty years each have assigned.
Source
newspapers
3. September 1, 1933 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)
1. March 7, 1903 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, March 7, 1903

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Article Text

TOLD IN A LINE Pittsburg-Miss Ella Lyde. aged 22, a telephone operator, was suffocated in a street car jam. Colima. Mex.-The worst eruption yet of the volcano occurred yesterday. Many houses and shops have closed. Hamilton, Ohio-Alfrd Knapp. the multi-murderer. will plead insanity caused by the kick of a colt when he was young. Omaha-Captain William A. Winder. 80 years old, died of cancer. He won fame on the battlefields of the Mexican and civil wars. Lisbon, Ohio-On June 10 and 11 Lisbon will celebrate its centennial. Senator M. A. Hanna and William J. Bryan will make addresses. Hodgenville, Ky.-The birthplace of ex-President Lincoln will probably be sold under the hammer. The old cabin has been removed. Chicago-Mrs. Albert Zorn committed suicide after reading Tolstoi's "Resurrection." She thought she resembled the heroine of the book. Huntington, W. Va.-A female hobo was taken from a brakebeam of a Pullman. here. Here clothing was nearly torn off by being caught on the axle. Findlay. Ohio-Mayor J. B. Smith of Deshler. was arraigned for drunkenness. He instructed the marshal to arrest the first man he found intoxicated, with the above result. Denver, Col.-James Stettanor, a prominent clubman and financier of Chicago, died in this city of poisoning resulting from a scratch inflicted on his neck while shaving. Philadelphia-Charles T. Molony, general superintendent of the Pennsylvania Warehousing and Safe Deposit company, cashed what is alleged to be a forged check for $7,000, and then disappeared. Greencastle, Ind.-Thomas C. Hammond and Jerome Allen, who were until last month president and cashier of the First National bank, having held the respective offices forty years each have assigned. Chicago-Many prominent democrats will at. tend the Iroquois club Jackson day feast, including Edward M. Shepard of New York, Senator Bailey of Texas. Representative De Armoni of Missouri and Judge Harmon. Tacoma-W. W. Britt, formerly prominent at Morris. Minn., died Tuesday at North Yakima. from an overdose of morphine. At first it was supposed he had committed suicide, but later developments make this theory untenable. Dover, Del.-The Varland Investment company was incorporated here with a capital of $250,000. The incorporators are: Edward J. Cannon. Jacob S. Varland and Karney B. Jacobson of St. Paul. Charles Bennett of Minneapolis, and James Virdin of Dover. Noblesville, Ind.-Rufus Cantrell, the ghoul. came here from Indianapolis to testify and made full confession of his relations with men of this county, who, he said, have been robbing graves in early every cemetery in the county for seven or eight years. Versailles, Ky.-Judge Cantrill overruled the demurrer of State Democratic Shairman Allie Young to the petition of Governor Beckham for a mandamus to compel Young and the democratic committee to place his name on the bal1 lot to be voted for at the democratic primary on May 9.

2. March 16, 1903 Vilas County News Eagle River, WI
Article from Vilas County News, March 16, 1903

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Article Text

The genral officers of the Woman's Christian Temperance union, to whom was left the selection of the convention city, have settled upon Cincinnati. The dates are Nov. 13 to 18. At Cambridge, Mass., George L. O. Perry, the negro indicted for the murders of Agnes McPhee, at Somerville, and Clara Morton, at Waverly, died in jail from nervous exhaustion. Dresser & Co., commission men at 15 Green street, New York, failed for $1,250,000. and S. D. Davis of Samuel D. Davis & Co. brokers, filed petition in bankruptcy with $988,934 liabilities. Rev. Martin Luecke, pastor of Trinity. German Lutheran church, Springfield, III., has accepted the presidency of Concordia Lutheran Theological seminary at Fort Wayne, Ind. At Findlay, Ohio, Mayor J. B. Smith of Deshler, Ohio, was arraigned for drunkenness. He instructed the marshal to arrest the first man he found intoxicated, with the above result. The mayor of Vineland (N. J.) is flooded with letters from Montana and other western states asking his aid in securing wives for lonesome ranch owners from among the girls of that city. A Waterbury (Conn.) special policeman was shot and Ailled and two members of a trolley car crew beaten by five masked men. The conductor is missing. Recent strike troubles are blamed. The Northern Pacific railway suffered $60.000 loss through the buring of its warehouse and several loa-led cars at Helena, Mont. The fire originated from an explosion of a gas bline stove. Word has been received that William Miller. a Boston missionary, who went to Russian Poland to work among the poorer classes, has been arrested by the police and exiled to Siberia. Fifteen persons are believed to be killed by an exploding oil tank at Olean. N. Y., following the collision of Erie freight trains. The people were watching the ruined cars when the fire started. At Philadelphia, Charles T. Molony, general superintendent of the Pennsylvania Warehousing and Safe Deposit company, cashed what is alleged to be a forged check for $7,000. and then disappeared. Floods in the Mississippi and Ohio valleys are growing serious. Hundre is of families have been driven from home. Stock has been abandoned by farmers, near Harrisbu: Z and Cairo, III. Dev. R. C. Bryant of Rockford de- I clared that the negro and other racial types will blend into one through intermarriage. Many white girls would prefer good negro husband to bad white man. Arthur P. Gorman is again democratic leader in congress and the prediction is made that he will be the paity's national leader as 2. presidenTial candidate. He is a sound money man but supported Bryan. A. W. Pontius of Minnesota has been appointed a student interpreter at Pekin. Mr. Pontius, under the law, is pledged to remain there in that capacity for a period of ten years at a salary of $1,000 a year. At Greencastle, Ind., Thomas C. Hammond and Jerome Allen, who were until last month president and cashier of the First National bank, having held the respective offices forty years each have assigned. A vigorous protest has been filed with Secretary Hitcheock by Agent Brosius of the Indian Rights association against the appointment of John Carrigan to be agent at the Standing Rock Indian agency, North Dakota. The first United States supreme court decision on the Elkins anti-rebate law handed down in the Missouri Pacific-Wichita discrimination case, holds that the act is applicable, although passed since the suit was be gun. W. W. Britt, formerly prominent at Morris, Minn., died Tuesday at I North Yakima, from an overdose of morphine. At first it was supposed he had committed suicide, but later developments make this theory untenable. A five thousand dollar scholarship was given to Harvard college by Mrs. John Marleve, Philadelphia, in memory of her son. Thirty thousand dollars for needy infirmary students was given by Miss Agatha and Miss Marianne Schurz. At Chicago Mrs. Grace SnellWalker-Coffin, the much-married daughter of Amos Snell, whom the missing "Willie" Tascott is said to have killed, has been married a fifth time and is now known as Mrs. Perkins A. Layman. In Boston Charles Marshall Lawrence, who claims to have just disposed of his mining interests in