Article Text
INDIANA BANK FAILS. First National at Matthews Saspended Today. Washington, Feb. 13.-The comptroller of the currency has received a telegram announcing the suspension of the First National Bank of Matthews, Ind.
5295. First National Bank (Matthews, IN)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 5998
- Charter Number
- 5998
- Start Date
- February 13, 1904
- Location
- Matthews, Indiana (40.389, -85.499)
Metadata
- Model
- gpt-5-mini
- Short Digest
79c768755a9f6077
Response Measures
None
Receivership Details
- Depositor recovery rate
- 30.0%
- Date receivership started
- 1904-02-13
- Date receivership terminated
- 1905-09-30
- OCC cause of failure
- Excessive lending
- Share of assets assessed as good
- 34.9%
- Share of assets assessed as doubtful
- 55.6%
- Share of assets assessed as worthless
- 9.5%
Description
The articles report a temporary suspension posted Feb 13, 1904, followed by appointment of a national bank examiner as receiver (William D. Frazer) and later a replacement receiver (A. D. Lynch). No article confirms a successful reopening; receivership indicates the bank remained closed and in receivership. Cause of suspension is not clearly stated in dispatches; board resolution closed the bank and the Comptroller appointed a receiver.
Events (5)
1.
October 24, 1901
Chartered
- Source
- historical_nic
2.
February 13, 1904
Receivership
- Source
- historical_nic
3.
February 13, 1904
Receivership
- Newspaper Excerpt
- National Bank Examiner William D. Frazer has been appointed receiver.
- Source
- newspapers
4.
February 13, 1904
Suspension
- Cause
- Government Action
- Cause Details
- Bank closed by resolution of the board of directors; Comptroller of the Currency notified and examiner appointed receiver.
- Newspaper Excerpt
- Notice was posted on the doors of the First National Bank here to-day that there would be a temporary suspension, but that all depositors would be paid in full.
- Source
- newspapers
5.
March 5, 1904
Receivership
- Newspaper Excerpt
- A. D. Lynch ... has been appointed receiver of the First National Bank of Matthews, Ind.
- Source
- newspapers
Newspaper Articles (19)
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Article Text
NATIONAL NATIONAL Bank at Matthews, Ind., Has Suspended By Order of Comptroller of the Currency-Depositors Will Be Paid in Full. By Associated Press. Washington, Feb. 13- -The Comptroller of the Currency has given out news of the suspension of the First National Bank of Matthews, Ind.
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AN INDIANA BANK SUSPENDS. (By Associated Press.) Washington, Feb. 13.-The comptroller of the currency has news of the suspension of the First National bank of Matthews, Ind.
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New York, Feb 13.-According to a recent statement the State bank of Pittsburg owed depositors $450,000. Washington, Feb 13.-The comptroller of the currency as received a telegram announcing the suspension of the First National bank of Matthews, Ind. The bank was closed by resolution of the board of directors, and National Bank Examiner William D. Frazer has been appointed receiver. This bank was organized October 24, 1901. The comptroller has no information as to the cause of the directors' action.
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BRIEF TELEGRAMS. New York, Feb. 13.-Among the passengers who arrived today on the steamer Celtic from Liverpool and Queenstown were Michael Davitt and family, who are going to Colorado. I Washington, Feb. 13.-The comptroller of the currency has received a telegram anonuncing the suspension of the First National bank of Matthews, Ind. Washington, Feb. 13.-President and Mrs. Roosevelt gave a dinner of twenty-seven covers at the White House last night. The guests were mostly the younger element of Washington society. / Port Said, Egypt, Feb. 13.-The United States cruiser San Francisco which arrived here February 10 from Beiruit proceeded today for Bambay and Singapore. I Manila, Feb. 13.-The remains of none of the people drowned in the recent capsizing of a boat off Tatagas have yet been recovered. It is reported here that 13 of the runaway mutineers of the Vegan constabulary have been captured. I London, Feb. 13.-Captain Jaimeson of the American line steamer St. Louis from New York, February 6, reports by wireless telegraph that owing to stress of weather the steamer will not call at Plymouth, but will land her mails at Southampton. Pittsburg, Feb. 13.-The State bank of Pittsburg, capitalized at $50,000, was closed today by order of the state banking department. The state bank examiner is temporarily in charge.
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Ind. National Bank Examiner William D. Frazer has been appointed receiver. Matthews, Ind., Feb. 13.-Notice was posted on the doors of the First National Bank here to-day that there would be a temporary suspension, but that all depositors would be paid in full. The capital of the bank is $25,000.
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Indiana Bank Suspends. Washington, Feb. 13.-The Controller of the Currency has received a. telegram announcing the suspension of the First National Bank of Matthews, Ind. National Bank Examiner W. D. Frazier has been appointed receiver. The bank has a capital stock of $25,000.
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NATIONAL BANK IS CLOSED. Matthews, Ind., Institution Announces Temporary Suspension. Matthews, Ind., Feb. 13.-Notice was posted on the doors of the First National Bank here to-day that there would be a temporary suspension, but that all depositors would be paid in full. Nothing is known as to the assets and liabilities. President John A. Wood is in Chicago, where he went to realize on some securities, as announced here, and Cashier Haworth refuses to make a statement. The stockholders and directors are wellknown business men of Matthews and Hartford City. The capital is $25,000.
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RECEIVER IS APPOINTED FOR A MATTHEWS BANK First National, of that Town, Suspends, Presumably on Account of Too Many Loans. ASSETS AND LIABILITIES Special to the Indianapolis Journal. MARION, Ind.. Feb. 13.-Just before the hour of opening this morning a notice was posted on the door of the First National Bank of Matthews to the effect that it was temporarily closed and that all claims would be paid in full. President John H. Wood went to Chicago last night to realize on securities and the other officers of the bank would not talk in his absence, and pending the arrival of the bank examiner to-night. It was said that the bank might reopen next week. Very little embarrassment was caused by the failure, other arrangements having been made to meet the Saturday pay-day requirements of the industries of the town. A dispatch from Washington announces the appointment of William D. Frazer as receiver. The bank was organized on Oct. 24, 1901, by Mr. Wood, who came here from Oberlin, O. For some time prior to that date he conducted it as a private bank. Charles Hayworth is cashier. J. R. Johnston, of Hartford City, is one of the stockholders. Overloaning is said to be the cause of the suspension. Following is a statement of the resources and liabilities of the bank, as shown by the last report of condition, dated Jan. 23, 1904: Resources-Loans and discounts, $69,996; overdrafts, $2,302; United States bonds to secure circulation, $13,000; stocks, securities, etc., $19,500; banking house, $2,000; due from banks and bankers, $16,480; cash and cash items, $9,458; redemption funds with treasurer United States, $625. Total, $133,363. Liabilities-Capital stock, $25,000; surplus and undivided profits, $4,417; circulation, $12,500; due from banks and bankers, $2,564; dividends unpaid, $40; deposits, $76,787; bills payable, $12,053. Total, $133,363.
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MATTHEWS NATIONAL BANK HAS CLOSED ITS DOORS The Comptroller of the Currency has been advised of the closing of the First National Bank, of Matthews, Ind. No information has been received on the cause of the failure. National Bank Examiner William D. Frazer has been appointed receiver The bank has resources of over $133,000.
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BANK AT MATTHEWS WILL REOPEN ,SOON Industrial Depression of the Town, Owing to Shut Down of Factories, Caused the Close. Special to the Indianapolis Journal. MUNCIE, Ind., Feb. 14.-C. H. Church, of this city, a member of the board of directors of the First National Bank, of Matthews, which closed its doors Saturday morning, said to-night that the bank would be reopened within a week. Mr. Church is eashier of the Delaware County Bank, of this city. State Bank Examiner Frazier, of Warsaw, who was last night given the place of receiver for the bank by the controller of the United States currency, was here in conference with Church to-day. Mr. Church suggested a plan for the resumption of the bank, which Receiver Frazier agreed was feasible and should bring about the resumption within a week. Mr. Church said the bank's closing was due to the industrial depression of the town, three factories being closed. He said no one would lose any money by the suspension.
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# GENERAL DOMESTIC. Two Guthrie, Ok., girls will go to Manila to be married. Chicago authorities refused to permit the use of "shot light" in Sir Henry Irving's production of "The Bells." Andy Washington, a convict at Jefferson City, secreted himself under the seat of an official's buggy, and was hauled away from the Penitentiary. He escaped to the country, but was recaptured at Elston and returned. Oil wells all over the Indian Territory are being developed. A bitter fight for the empty honor of electing-the delegate to the National Republican Convention is on between St. Joseph factions. A. Columbia bacteriologist announces that hogs can be made immune to cholera by inoculation. In anticipation of a big coal strike in the bituminous fields, the United Mine Workers are rushing organizers into the field. Wall street stock market bears up well in the face of cotton panic and the war in the Orient. The Reverend J. N. George, president of the Chicago Theological Seminary, has been asked to accept the presidency of Drury College at Springfield, Mo. Santa Fe Railway purchases lease on 1,000 acres of oil land at Ardmore, I. T. President Kelly of Brigham City resorts to drastic measures to force obedience to his authority, even threatening the young Mormons who refuse to do his bidding. The First National Bank of Matthews, Ind., it is reported, will be opened within a week. Bankers object to ruling requiring owners' names to be stamped on bonds. # SPORTING. Yale is planning to send her crack athletes to contest in the World's Fair games. The Stevenson-Block bout at the Columbian Athletic Club was called a draw yesterday. # FOREIGN. Sealed orders are received from Washington for a battalion of marines to sail from Colon. The destination is thought to be Santo Domingo. The Panama Constitution is delivered to the Government Junta. It will be approved and returned to-day. The presidential election is set for to-morrow. Marine Intelligence.
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CONDENSED DISPATCHES. ormer Chief Louis P. Webber of Boston fire department, died at his he at Quincy, Mass., Saturday, after troke of paralysis. Ivinza Hayward, the millionaire ing man, who was stricken with alysis, several weeks ago, died, day, at San Francisco. NO persons were killed and about njured, 25 of whom were seriously , in a trolley car accident in stburg, Md., Sunday. The car ran y on a steep grade on Grant street, upon reaching a sharp curve jumpthe track and crashed into a teleh pole. he body found in a gunning hut on n Island marshes, Newburyport, s., Saturday, having a bullet wound the head, was identified. Sunday, hat of Cornelius Healy, a peddler pan P10 STUDE 28 SUM ⁹H ried. It is believed that he comed suicide. e blockade of the Central Pacific road between Sacramento, Cal., Truckee, is reported to be serious. w sheds have been broken down by y snow at several points and will ire many hours to clear the track. : bound passengers are halted at amento, and west bound trains at Renc and Truckee. was officially announced, Saturat Princeton, that the 11th annual -Princeton debate will be held e on March 25. Yale will choose : on the question which Princeton itted, as follows: "Resolved. That government of the United States warranted in recognizing the indeence of the republic of Panama. cording to a compromise effected een the litigants in the case of the e of Edwin M. Thayer of Poston. the insurance companies which held payment of the policies on the nd that his death might have been to suicide, an adjustment will be e and all outstanding claims setupon the basis of 50 cents on the r, amounting to $273,500. ond Lieut, PaulMcCane has arrivt San Francisco, on the transport n. under sentence of one year's isonment in Fort Leavenworth for -zzlement of funds of the United es government. He was tried and i. tel by a court martial at iia. He will be detained at Alcatand will then be sent under guard ort Leavenworth serve out his ence. e comptroller of the currency, Saty, announced the failure of the : National Bank of Matthews. Ind. onal Bank Examiner Willard D. er has been appointed receiver. resources and liabilities of the intion at the time of its last official ment were $134,000. The capital of concern was $25,000. The National K of North America is the New : correspondent of the bank. ree robbers. barricaded behind a of farm implements, stood off the ens of Martinsburg, Neb., Saturwhile two other robbers set off 10 osions of dynamite in the State k. About 200 shots were exchanged reen the robbers and the citizens, none was hurt on either side. The ers were unable to reach the Inner
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Indiana Bank Stops. Washington. Feb. 16-The comptroller of the currency received a telegram announcing the suspension of the First National bank of Matthews, Ind. The bank was closed by resolution of the board of directors and National Bank Examiner Frazier has been appointed receiver. This bank was organized Oct. 24, 1901. The comptroller has no Information as to the cause of the directors' action.
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Monday, Feb. 15. The comptroller of the currency has received a telegram announcing the suspension of the First National bank of Matthews, Ind. Dr. John Mercer Adler is dead at Devon, Pa., from apoplexy. He was seventy-six years old and was prominent in medical and literary circles. William A. McGowan, the defaulting secretary of the University of California, has been sentenced to serve six years and eleven months in San Quentin prison. Rev. Harwood Pottison, a professor at the Rochester (N. Y.) Theological seminary, is dead. He was widely known as one of the leading writers, theologicans and lecturers in the country. While. experimenting with gasoline and volatile chemicals in an endeavor to perfect an invention A. J. Brunson, president of the First National bank of Plainfield, N. J., lost the sight of both eyes.
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DOMESTIC. The president decided to send no soldiers to Baltimore. Representative Bede will introduce a bill providing a revenue cutter for use on Lake Superior. Fourth Assistant Postmaster General Bristow, who has been very ill with grin, is improving. The blockade of the Central Pacific railroad is reported to be serious. Snowsheds have been broken down. The steamer Empire State with thirty-eight passengers and crew. is icebound forty miles out in the lake from Chicago. Minister Powell has reported that a battle was fought recently at Sanchez. San Domingo, in which many were killed. The controller of the currency has received a telegram announcing the suspension of the First National bank of Matthews, Ind. The old battleship Maine, now at the bottom of Havana harbor, will be raised and exhibited at the St. Louis fair. Osage chiefs at Washington bought $520 worth of dainty valentines for President Roosevelt and other high of ficials. At Topeka. the Parkhurst-Davis wholesale grocery establishment was destroyed by fire early today, causing a loss of $250,000. A reputed anarchist who sailed on Majestic on Feb. 3 was arrested in Liverpcol for having 18 pounds of dynamite in his trunk. William A. McCowan, defaulting secretary of the University of California, has been sentenced to serve six years and eleven months in prison. Jacob S. Matthews and wife, Chicago, were sued by John R. Scott of Pittsfield, III., for $10,000 for the alienation of Mrs. Scott's affections. Amadee Cypriot, who is believed to be mentally deranged. telegraphed his love to Mrs. Ella Wheeler Wilcox from Montreal and then came to New York to visit her. He was arrested. Further reports of the revolt among the Filipino constabulary at Vigan show that the deserters num bered only seventeen. They are being pursued. The Michigan's football team is threatened with being left in the cold next fall. No games have been scheduled after Nov. 15. Both Harvard and Vale have refused to play it. The Chicago car barn bandits' conessions were verified at all points in the trial by the state's witnesses.
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STRONG FIGHT AGAINST ANTI-INJUNCTION BILL Commercial Interests Are Vigorously Opposing the Proposed Drastic Law. RIVALRY RECEIVERSHIP Special to the Indianapolis Journal. WASHINGTON, Feb. 25.-The fight now being made by the commercial interests on the bill is one of the most that has ever been before vigorous anti-injunction waged Congress in connection with a measure advocated by the labor unions. The committee on judiciary is holding daily hearings, talent available and the best legal appears in opposition to the measure. Frequently course of the before the intense develduring committee the bitterness argument is oped between the for the comleadmercial organizations in attorneys and the labor ers appearing support of the measure It was that the would be but indications concluded expected this week, hearings the are will be The comconsider the carefully mittee that will they extended subject and at length before the House. of an the American Daniel attorney Davenport, representing Bridgeport, Conn., the Council and the National Building Anti-boycott Trades Association, Chicago Builders' Trades Association, made exbefore the House commitDavenport said he was astee tended to-day. argument Mr. an sociated with James M. who the same line. The yesterday along Beck, argued judiclary committee room was filled with the of the measure. Mr. friends Davenport and is opponents to be questioned by the reprelabor who at the of his He sentatives conclusion of general favor argument. the bill said the bill would make lawfol agreements between associations of employers and labor unions by which a nonmember of either body would be excluded and boycotted; in certain respects it would make lawful "Sam Parkism, because extortion, which he declared was practiced by members of such as he had referred be combinations legalized to, would by the passage of the bill; it away from the States the right acts like the to would declare take criminal boycott. A merry fight is on between two or three for receivership applicants the of the First National Bank of Matthews, Ind. Members of the House are receiving urgent telegrams from the candidates. Everett W. Trook, of Matthews, is strongly indorsed for the appointment by Harry Miller, president of the Lincoln League, and Senator C. C. Lyon, of Fairmount, and Harry Drew, of Matthews. Representative Fred Landis has indorsed H. P. Loveland, and insists gentleman shall be appointed. Landis's that that wishes will probably prevail. Newton Myers, postmaster of Jeffersonville, left for New York to-day, where he will remain until next week. Connell, of Rushville, is here on his way to Europe. He was presented to President Roosevelt to-day by Representative Watson. + Leonard Garver, of Nashville, is among the recent Indiana arrivals. Representative Watson will leave for Indiana on Saturday. He will arrive in Shelbyville in time to attend the Sixth district convention next week. + C. F. Bicknell, of Fort Wayne, arrived here from New York to-day. He called on the Indiana senators and conferred with them concerning the Twelfth district. Delevan Smith, of Indianapolis, arrived here to-night. He is at the Arlington. + Rural free delivery will be established at State Line, Warren county, Indiana, on April 1. The route will be twenty-four miles long. with a population of 550; number of houses on route, 1,100. Senator Fairbanks to-day introduced an amendment to the sundry civil bill for an appropriation of $75,000 to pay the United States' portion of the expense of a building in Washington for the International Bureau of American Republics and the Columbus Memorial Library, and $50,000 for the purchase of a site. The Senate committee on military affairs to-day authorized a favorable report on a bill appropriating $25,000 for the erection a at Fort men officers under 530 of Arthur monument St. and fifty-one Recovery, General O., for Clair, who were massacred by Indians. An agreement has been reached between Senators Foraker and Blackburn to take up the question of the confirmation of General Leonard Wood Monday next and continue it until disposed of. Senator Elkins introduced a bill to regof and of ulate lading the by issuance receipts bills common carriers engaged in interstate commerce.
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Bank Receiver Appointed. Washington, March 5-A..D. Lynch, formerly connected with the office of the comptroller of the currency in Washington, has been appointed receiver of the First National Bank of Matthews, Ind.
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Receiver for Matthews Bank. WASHINGTON, D. C., March 4.-A. D. Lynch, formerly connected with the office of the controller of the currency in Washington, has been appointed receiver of the First National Bank of Matthews, Ind.