5177. Peru State Bank (Peru, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 14, 1896
Location
Peru, Illinois (41.328, -89.129)

Metadata

Model
gpt-5-mini
Short Digest
c507564a

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (Aug 14–16, 1896) report the Peru State Bank of Peru, Illinois, suspended and the state bank examiner (auditor of public accounts / E. E. Gore) asked to assume charge. No articles mention a depositor run or reopening; suspension appears to lead to takeover/examiner control, so classified as suspension leading to closure/receivership.

Events (1)

1. August 14, 1896 Suspension
Cause Details
No cause assigned in the dispatches; reports note auditor/state bank examiner asked to assume charge. Last statement (June 3) showed solvent condition; liabilities and assets about $185,000 noted in press reports.
Newspaper Excerpt
the Peru State bank, of Peru, Ill., had suspended operations and requested that he assume charge of the institution at once.
Source
newspapers

Newspaper Articles (8)

Article from The Indianapolis Journal, August 15, 1896

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Article Text

Failure of an Illinois Bank. SPRINGFIELD, Ill., Aug. 14.-The Auditor of Public Accounts was to-day notified that the Peru State Bank, of Peru, I!I., had suspended operations and requested that he assume charge of the institution at once. No cause is assigned for the suspension. Liabilities and assets about $185,000.


Article from The Houston Daily Post, August 15, 1896

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PERU STATE BANK. Springfield, III., August 14.-The auditor of public accounts was today notified that the Peru State bank of Peru, III., had suspended operations and requested that he assume charge of the Institution at once. No cause is assigned for the auspension. Liabilities and assets about $185,000.


Article from The Evening Times, August 15, 1896

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Briefs Wire The Buigarian Cabinet presented their resignations to Prince Ferdinand yesterday Jacob Glass, aged four years, Was run over and killed by a wagon in Philadelphia Supersed Bernardino Rodriguez Estevez, a pris3R logs SB.M 'JUAL 10 Jano 21 uo Miss Besale Kendall fell fifty feet from a parachute at Lindenthorp Park, near Chester, Pa., and was seriously injured. Prof. Albert Nelson Prentise, in charge of the botanical: department of Cornell University, died yesetrday, in the sixtleth mg JO year The Populists of the Fifth Indiana district yesterday Indorsed John Clark Redpath for Congress. He hasteen heretofore nominated by the Democrats. In dismissing two cadets from the West Point Military Academy, President Cleveland expressed his contempt of the 'mean jo prestice SHIPMOO pue SEM оцм em "7 "110 accidentally thrown from his bicycle five -80H Presidenta 1 10 pelp 'OSE MEDICE pital in New York yesterday afternoon. Hon. A. 8. Walker, at one time a member pue swerdns 21018 am 10 Terrel M V "noh JO required Mel Texas Annual 38 pelp 03 Frederick Stansbury, aged eighty-one qdasog pue "PM NOOD JO 'srual Stansbury, aged eighty five years, of Baitimore, brothers, died within two hours of each other. A dispatch from Bangkok to the London earn spueSting 10 spueqaire 1091 BAUS agoin attacked the missions at Petrim and plundered the houses. Several persons who resisted the brigands were wounded. Licut. Beacom of the regular army, at present stationed at Fort Snelling, Minn., pue above jo I R usaq seq will at once proceed to Egypt, wherehe 8.0 pects to jote the British Soudanese expedition. James Hamilton Lewis, Democratic candidate for gubernatorial honors, was given the nomination for Congress by the joint action of the Democratic, Populist and free silver Republican convention of Washington. Charles Johnson of Stroudsburg, Pa., was riding a wheel, while seated on front was a two-year-old child of John Osborn. The bicycle struck an obstruction and the tot was thrown to the pavement, fracturing as George Donnell of Scranton, Pa., 'OUM anq snoredsord e through ill-health was forced to retire, took a dose of strychnine Thursday night. whether by accident or with suicidalintent is unknown, and will die. Sister Irene, mother superior of the New York Foundling Asylum, died yesterday discases. JO R more Sundjour -918 asou NBM eug no pus America up Charter JO Jal May 1823, ensington, London The governor of Louisiana has signed the parden of Henry Bier, the New Orieans capitalist, who was convicted of perjury in uu ST "H., protection you anq '968' indispensable withess in other important III] E open seq pue payr eq 01 ROSEO an up 10 Buptiste Abbadie, thirty-five years of AN u! arreated SEM MeN jo 'ase MeN any 10 request em 18 2481u 1881 YOUR Orleans police who charge him with manslaughter. Abbadie was taken into cus tody justas he was about to sail for Europe on the steamer La Normandie. George Hunter, a young colored man, vassentenced in Philadelphia to four years' imprisonment for attempted burgiary and assaulting Moses Santinsky. The prisoner pleaded protesting his innocence, committ 01 trice the 01 paceid пэцм pue suicide by butting his head against the bars. to sing go OUM Ester, leged, realized $700.00 forged check, drawn on the Deposit Bank of Martinsburg, Pa., was captured yesterday at his home Altoona, where he had been in hiding. All the money but $8 found on his person. The bank cashier identified him. H. W. Frye of West Middlesex, Pa., met James Miles on the street Thursday night, and a political argument ensued. During the discussion Miles drew a knife and cut Frye in a dozen places. He then fled and has not yet been' captured. Frye is ear e S1 Fry company " ug silver advocate: E. E. Gore, State bank examiner, has taker charge ofthe Peru, III., State bank, which has suspended operations. The last statement made by the bank showed that pun 44.50 01 Zununomesisodap peq 11 loans and discounts amounting to $168, 000. The capital stock of the bank is $25.000 The Massachusetts gold Democrats have issued a call for a State convention of sound money men at Horticultural Hall, Boston, on August 25. to nominatedelegates to Indianapolis and choose Presidential age 1180 IIIM Prince 'O a DOH convention to order. andit is probable that ex-Mayor Matthews will be permanent chairman. Louis D. Taylor, a Chicago banker. who failed Tuesday, was locked up at the Maxwell street police station last night The complainant who caused Taylor's ar rest is Garfield C. Lefevre. He charges embezziement. Lefevre deposited $785 Tuesday afternoon, a few minutes before the bank's doors. were closed. and the notice of its failure posted. Mark C. Sherman, said to be one of the sons of prominent Boston merchant, who was engagedin walkinga distance of5,000 miles for a purse of $2,500, under the auspices ofa club of sporting men of that city, was arrested in Lehanon, Pa., yesterday, mos Cash at 8$ 10 barrent charged the house of Thomas B. Bomgardner, of East Hanover Postoffice, with whom the young pedestrian spent Thursday night. The gang ofthieves who have beenhaving "I IN Park Arbbry ehe THE prods


Article from Rock Island Argus, August 15, 1896

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Failure of a Peru, Ills., Bank. SPRINGFIELD, Aug. 15.-The auditor of public accounts has been notified that the Peru State bank, of Peru, Ills., had suspended operations and requested that he assume charge of the institution at once. The last report of the bank, made to the auditor June 3, 1896, showed the bank to be in a healthy condition. Everett E. Gore, chief of the state banking department, left for Peru last night and will take charge of the bank.


Article from New-York Tribune, August 16, 1896

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THREE LARGE FAILURES IN CHICAGO. TWO BANKS GO UNDER-THOSE INVOLVED BY S. F. MYERS & CO.'S FAILURE. Chicago, Aug. 15.-Failures of three large firms having intimate financial relations occurred to-day, involving liabilities aggregating $320,000. The concerns are George O'Berne & Co, leather dealers, at No. 401 North Halsted-st., assigned to William L. Gray; Henry M. Hosick, one of the best-known and oldest wool dealers in the city, located at No. 193 Michigan-st., and the Chicago and Western Soap Works, with factory and office at Kingsbury and Superior sts., who assigned to F. S. Goshorn. This last-named concern was formerly known as O'Berne, Hosick & Co., but changed its title in the early part of 1894. The assets of George O'Berne & Co. are placed at $200,000. with liabilities of $125,000. The same figures are given for Henry M. Hosick, while the Chicago and Western Soap Works reports liabilities of $80,000, and makes no statement of assets. The causes of the failures in each case are the same-slowness of collections and the prevailing hard times. Springfield, Ill., Aug. 15.-E. E. Gore, State Bank Examiner, has taken charge of the Peru State Bank, which has suspended operations. The last statement made to the Auditor, dated June 3, showed the bank to be in a solvent condition. On that date it had deposits amounting to $144,500. Its loans and discounts amounted to $168,000. The capital stock of the bank is $25,000. Providence, R. I., Aug. 15.-Providence and Attleboro jowellers are involved to the amount of $100,000 or more in the failure of S. F. Myers & Co., of New-York. About sixty members of the Providence jewellers' Board of Trade had dealings with the firm. Washington, Aug. 15.-The Citizens' National Bank of San Angelo, Tex., capital $100,000, failed today. Its liabilities are $72,000 and its capital is impaired. Bank Examiner Gannon has been placed in charge. Chicago, Aug. 15.-The Chicago Consolidated Iron and Steel Works assigned in the County Court this morning to the Chicago Title and Trust Company. The assets are placed at $300,000. with the liabilities about the same. The plant of the company is located at Harvey, III.


Article from Willmar Tribune, August 18, 1896

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Saturday, Aug. S. The Peru (Ills.) state bank has suspended. Democrats of the Third Minnesota congressional district have nominated H. J. Peck of Shakopee. The gold withdrawals Friday amounted to $202,000, leaving the net gold reserve $106,063,916. The steamer St: Paul has again lowered the Southampton record making the trip in 6 days and 57 minutes. According to the government reports the condition of apples and grapes is high, while that of peaches is not as good as usual. Springfield, Mass., has been selected by the National Retail Butchers' Protective association as the place of their next annual meeting. After the 362d ballot the deadlock in the Eleventh Michigan district congressional convention was broken and W. S. Mesick was nominated. Monday, Aug. 17. Robert J broke the track record at Fort Wayne, Ind., going a mile in 2 :03. Spain is alleged to be about to present a big bill of damages to the United States because we allowed filibusters to go to Cuba's aid. Two engineers and a fireman were killed in a head end collision on the Baltimore and Ohio Southwestern near Parkersburg, W. Va. President Black has called the second quadrennial convention of Democratic clubs to meet at St. Louis, at noon, Wednesday, Sept. 30. It is officially announced that the German minister for war General Bronsart Von Schellendorf has been relieved from office. He will be succeeded by General Von Gossler. Thaddeus K. Martin, aged .50, and his wife, aged 45, of Brooklyn, were struck by an engine of the Prospect Park and Coney Island railway while crossing the track and were instantly killed.


Article from The Pioneer Press, August 20, 1896

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Bank Suspends. Springfield. III., Aug. 16.-The auditor of public accounts was to-day notified that the Peru State bank, Peru, III., had suspended operations and requested that he assume charge of the institution at once


Article from The Bottineau Courant, August 22, 1896

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SUMMARY OF THE WEEK'S NEWS Wednesday, Aug. 12. The Paris police have seized 10,180, 000 francs worth of counterfeit French bank notes. A small cyclone did considerable damage to buildings around Eldora, Ia. No one was injured. Wheelmen to the number of nearly 15,000 are in attendance at the L. A. W. meet at Louisville. England is reported to have seized a Mexican island for a coaling station, but the report is not fully credited. The assessed valuation of railroad property in North Dakota has been raised $1,250,000 by the state board of equalization. The Murray Hill bank, New York City, with deposits amounting to $1,250,000, has closed, pending an examination of its condition. A cool wave has come to the relief of heat stricken cities of the country. The deaths from heat for the past week are estimated at over 150 daily. Thursday, Aug. 13. Less than 1,000 people saw the base ball games of the Western league Tuesday. An English writer holds that "free silver would be the beginning of the end for the United States." Colonel Dick Thompson, the noted Indiana politician, while sitting in his yard was overcome by the heat. The entry building at the Iowa state penitentiary at Anamosa was destroyed by fire, including a large library of 3,000 volumes. Loss is estimated at $20,000. Judge Wellborn of the United States circuit court has rendered a decision declaring that the government can fix rates for transportation of troops, mails, etc., over any road. It is believed that the government will save from $45,000,000 to $50,000,000 a year if the decision is sustained. E. S. Sanborn & Co., of Lynn, Mass., manufacturers of ladies shoes, have suspended. Liabilities are placed at $75,000; assests between $50,000 and $60,000. Friday, Aug. 14. Sir John Millais, president of the Royal Academy, is dead, The Second California district Republican convention has renominated Grove L. Johnson. Miss Celia Rose, a young woman 24 years old, is in jail at Mansfield, O., charged with killing her father, mother and brother with poison. Dr. A. C. Hickey, aged 65, one of the pioneer organizations of the Grand Army of the Republic, died of heart disease at Kingston, Ont. Mollah Reza, who assassinated the late shah of Persia in May last, was hanged at Teheran in the presence of an immense concourse of people. In the International yacht races at Cleveland, Canada finished first in the 46 foot class, Vivia was first in the 40foot class, and Sybil won the 25-foot class. Saturday, Aug. 15. The Peru (Ills.) state bank has suspended. Democrats of the Third Minnesota