Bank of the Federal Union - Rock Island, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Rock Island, Illinois (41.509, -90.579)

Metadata

Model: gpt-5-mini
Short Digest: 9037d511

Response Measures

None

Description

Article (1906) describes the Bank of the Federal Union having failed in the past, causing many depositors to lose savings. No run is described; the bank is said to have failed (permanently). The original failure date is not given explicitly in this excerpt (context places events in the late 1860s), so dates are left as null/unknown. Cause is not specified in the clipping; classified as bank-specific adverse information (failure of the bank).

Events (2)

1. * Receivership

Source: newspapers

2. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Article states the bank failed, causing depositors to lose their savings; no specific external cause or rumor described.
Newspaper Excerpt: The bank of the Federal Union had occupied the corner store, and when it failed many and many a poor family in this city lost all they had for years been saving.
Source: newspapers

Newspaper Articles (1)

1. May 31, 1906 Rock Island Argus Rock Island, IL

Article from Rock Island Argus, May 31, 1906

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Article Text

ger and a very clever soubrette (in those days soubrettes were called chambermaids) who remained with the company the entire season. Alice Oates, David Hanchett, Gardner Coyne, C. W. Couldock each followed the other as the stellar attractions, and all to good business. This woman, Ettie Henderson, became very popular here and her connection with the party was very material in prolonging the engagement. "After their departure there was little doing in the theatrical line for a long while. All classes of business were suffering from the effects of the panic and there was no money for show business, and, in fact, no money for anything else, and times were very hard. There being scarcely any money to do business with, the merchants resorted to the extremity of using tickets reading, "This is good for 10 cents," or other amounts within the dollar limit. The war of the rebellion opened and conditions at once began improving. Dart's hall had been built and theatrical business had again begun, and among the first attractions at Dart's hall was the "Scouts of the Plains," with Buffalo Bill, Jule Keen and the big-hearted Major Burke. This show became the foundation of the great business now owned by Buffalo Bill. Jule Keen and Major Burke are still with the show now in Europe. ### A Theatrical Family. "At that time we had a theatrical family in town. Orlando Brare and Mlle. Aubey, and several amateur performances were given, chief among them being a performance of t hpaley them being a performance of the play of Douglas, in which our old friend, U. M. Whiffin, very creditably played one of the leading parts. About this time some one whose name I cannot now remember, built a little variety hall on First avenue on the ground where Riley's gas-fitting and plumbing shop stood, and a good many, both amateur and professional, performances were given there. "The old Island City hotel had been remodeled and rechristened the Rodman house, and a Mr. Hutchinson had become its manager. After running awhile, on the morning of Oct. 22, 1869, it burned down, and the present Harper house now stands on that site. About this time the elder Mr. Negus began the building of Negus hall on the ground just north of the building owned by Mr. Astor and now occupied by Bowman & Reed as a laundry. "Mr. Negus built a very nice little hall, capable of seating about 600 people, with a very good and well equipped stage. The building was erected on ground where a livery stable had stood for years, and after the Negus building had been finished a rumor got into circulation that the building was insecure and that rumor settled its fate, as no one was ever able to get anybody into it. A very popular comedian and great favorite with all the old-time theater patrons, Walter Bray, being the only one that ever could get anybody at all to go up in Negus hall. In course of time the little theater was dismantled, and I believe it is now being used as a lodging house. ### Construction of Harper Theater. "About this time Ben Harper had begun tearing down the old building that to many Rock Islanders to their sorrow will ever be remembered. The bank of the Federal Union had occupied the corner store, and when it failed many and many a poor family in this city lost all they had for years been saving. With Mr. Gingles, the carpenter; Mr. Holmes, the architect, and Mr. Harper, the genial overseer, the building progressed finely, and in a little while was nearly completed, Mr. Harper personally attending to every detail.