City National Bank - Streator, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4476
Charter Number: 4476
Start Date: January 14, 1897
Location: Streator, Illinois (41.121, -88.835)

Metadata

Model: gpt-5-mini
Short Digest: b49afa8c

Response Measures

None

Description

Multiple contemporaneous newspapers report the City National Bank of Streator has suspended, voluntarily retired from business, or informed its depositors to come and get their money, as the bank was going out of business. This indicates a suspension tied to voluntary winding up and permanent closure rather than a depositor-driven run. No explicit run (panic/rumor) is described and no reopening is reported.

Events (3)

1. November 28, 1890 Chartered

Source: historical_nic

2. January 13, 1897 Voluntary Liquidation

Source: historical_nic

3. January 14, 1897 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank going out of business / voluntarily retired from business — bank appears to be winding up operations rather than suspending due to a panic or correspondent failure.
Newspaper Excerpt: The City National Bank yesterday informed its depositors to come and get their money, as the bank was going out of business.
Source: newspapers

Newspaper Articles (6)

1. January 15, 1897 New-York Tribune New York, NY

Article from New-York Tribune, January 15, 1897

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BUSINESS TROUBLES. Detroit, Jan. 14.-H. S. Robinson & Co., boot and shoe manufacturers, filed three big trust mortgages this morning, securing creditors for liabilities aggregating $138,365. The Union Trust Company is named as trustee. Muskegon, Mich., Jan. 14.-Judge Russell to-day appointed the Michigan Trust Company, of Grand Rapids. receiver of the Whitehall State Savings Bank, which closed its doors a couple of weeks ago. The receiver was appointed on petition of 115 depositors, representing $45,000 in deposits. Minneapolis, Jan. 14.-At a meeting last night of the depositors in the Northern Trust Company, of this city, which failed recently, it developed that the concern will pay a very small dividend, if any, unless it is received from the stockholders, many of whom live in the East, principally in Philadelphia. It also developed that many of the stockholders have paid only 50 per cent on their stock. Des Moines, Iowa, Jan. 14.-The White Swan Milling and Mining Company, with headquarters here, assigned yesterday. Its mines are at Baker City, Ore. The company has $1,000,000 authorized capital, and failure is attributed to bad management. It is expected the stockholders will buy up the claims and resume business. The creditors are in NewYork and Iowa towns. Streator, III., Jan. 14.-The City National Bank yesterday informed its depositors to come and get their money, as the bank was going out of business. The bank was organized six years ago, with a capital stock of $100,000, all paid. About $40,000 was paid to credito 'S yesterday. Springfield, Ohio, Jan. 14.-Willam W. Wilson began sult here yesterday for a receiver for the firm of Amos Whitley & Co., Wilson, Whitley & Co. and the Whitley Malleable Iron Company. A separate receiver is asked for each concern, which has been closed for two years. The suit is probably part of a plan for the reorganization of the firm's name, with a view of manufacturing steel and Its products by a new method recently discovered by Eimer and "Burt" Whitley, together with their father, Amos Whitley. The latter is a brother of William N. Whitley, known as "the reaper king."

2. January 20, 1897 The Ely Miner Ely, MN

Article from The Ely Miner, January 20, 1897

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the United States and Spain regarding the terms to be granted to the Cuban insurgents has been practically concluded in Washington. Peter Tinco, John Taylor, Henry Flynn, William Taylor and Theodore Frouhnerstein were crushed to death in a mine near Pottsville, Pa., by the fall of a cage. Fred Donley and Mamie Reed were instantly killed by a train at a crossing near Columbus, O. Dr. Richard C. Flower, a "Napoleon of finance" in Boston, failed for $275,000. John H. Couch, late populist candidate for judge of the Kansas court of appeals, committed suicide at Scott because of family trouble. The West Virginia legislature met at Charleston. The Seattle (Wash.) savings bank closed its doors with liabilities of $100,000. Escaping gas from a coal stove in Chicago killed Charles Poole and his mother Mrs. Esther Poole. While making a professional call, J. H. Wallace, a prominent physician at Monmouth, III., fell across the bed of his patient and instantly expired. The Wisconsin legislature convened at Madison. L. W. Thayer, of Ripon, was chosen president pro tem. of the senate and George W. Buckstaff, of Oshkosh, speaker of the assembly. The City national bank of Streator, Ill., has voluntarily retired from business. Thomas J. Brown, president of the National Association of Letter Carriers, died in Chicago, aged 41 years. Alexander Graham Bell, inventor of the telephone and a resident of Washington, has renounced allegiance to the queen of England and become a citizen of the United States. Gov. Scofield, of Wisconsin, in his message to the legislature recommends a board of pardons, revision of the state banking law and the erection of a reformatory for juvenile culprits. John D. Rockefeller, the multimillionaire, has been reelected superintendent of the Sunday school of the Euclid Avenue Baptist church in Cleveland. William Ferguson, corresponding secretary of Typographical union No. 6, and Jacob McKenna were suffocated by gas in a New York hotel. Thomas Lowe, aged 26, of Denison, Tex., confessed to having 16 wives, all living. The grand lodge of masons of Minnesota adopted a resolution barring all those who sell intoxicants from becoming masons in its jurisdiction. The steamship Eva, with a party of six aboard, was lost off the New Orleans coast. The exports of domestic merchandise during December amounted to $116,128,334, and for the year $986,871,256. The imports during December aggregated $57,956,009, and for the year $680,556,223. Five persons were seriously injured and about 30 others more or less cut and bruised by an accident on a street car line in Pittsburgh, Pa. The exports of gold during December amounted to $405,856 and the imports to $2,572,271. For the year the exports aggregated $56,742,844 and the imports $102,766,438. The silver exports during December amounted to $6,819,545 and the imports to $1,279,801. Duriug the year the exports amounted to $63,029,336 and the imports to $12,504,577. The Merchants' national bank of Ocala, Fla., suspended with liabilities of $145,000. Leland castle, owned by Adrian Iselin, Jr., and occupied by the Morse school, was burned at New Rochelle, N. Y., the loss being $100,000. At Narberth, Pa., fire destroyed the famous old stone barn opposite the Gen. Wayne hotel, which has been a familiar landmark for more than a century. Benjamin Gandy, aged 55 years, and Seabright Berry, aged 45 years, both of Gloucester, N. J., were instantly killed by the cars in Philadelphia. There were 455 business failures in the United States in the seven days ended on the 15th, against 488 the week previous and 395 in the corresponding period of 1896. The exchanges at the leading clearing houses in the United States during the week ended on the 15th aggregated $1,047,860,662, against $1,144,639,080 the previous week. The decrease compared with the corresponding week of 1896 was 1.6. Fire destroyed the plant of the Fox Paper company at Crescentville, O., the

3. January 20, 1897 Morris Tribune Morris, MN

Article from Morris Tribune, January 20, 1897

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FINANCE AND TRADE. The City National bank of Streator, Ills., has suspended. The state bank of La Harpe, Ills., has been reorganized. Twin City jobbers have won their fight for lower Eastern freight rates. The Savings Bank of Seattle, Wash., has closed, owing to heavy withdrawals. The Gold Leaf Mining company of Dubuque has been incorporated with $250,000 capital. The output of the Rolla (N. D.) cheese factory for 1896 was eight tons, which was sold at 8 cents a pound. The Standard Glass and Paint company, one of the largest wholesale houses in Lincoln, Neb., has failed. The details are now being arranged for the formation of a corporation with a capital of $5,000,000, which will include three of the large iron concerns of Youngstown, O.

4. January 21, 1897 The Worthington Advance Worthington, MN

Article from The Worthington Advance, January 21, 1897

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Escaping gas from a coal stove in Chicago killed Charles Poole and his mother Mrs. Esther Poole. The Wisconsin legislature convened at Madison. L. W. Thay of Ripon, was chosen president pro tem. of the senate and George W. Buckstaff, of Oshkosh, speaker of the assembly. The City national bank of Streator, III., has voluntarily retired from business. Thomas J. Brown, president of the National Association of Letter Carriers, died in Chicago, aged 41 years. Alexander Graham Bell, inventor of the telephone and a resident of Washington, has renounced allegiance to the queen of England and become a citizen of the United States. Gov. Scofield, of Wisconsin, in his message to the legislature recommends a board of pardons, revision of the state banking law and the erection of a reformatory for juvenile culprits. John D. Rockefeller, the multimillionaire, has been reelected superintendent of the Sunday school of the Euclid Avenue Baptist church in Cleveland. William Ferguson, corresponding secretary of Typographical union No. 6, and Jacob McKenna were suffocated by gas in a New York hotel. Thomas Lowe, aged 26, of Denison, Tex., confessed to having 16 wives, all living. The grand lodge of masons of Minnesota adopted a resolution barring all those who sell intoxicants from becoming masons in its jurisdiction. The steamship Eva, with a party of six aboard, was lost off the New Orleans coast. The exports of domestic merchandise during December amounted to $116,128,334, and for the year $986,871,256. The imports during December aggregated $57,956,009, and for the year $680,556,223. Five persons were seriously injured and about 30 others more or less cut and bruised by an accident on a street car line in Pittsburgh, Pa. The exports of gold during December amounted to $405,856 and the imports to $2,572,271. For the year the exports aggregated $56,742,844 and the imports $102,766,438. The silver exports during December amounted to $6,819,545 and the imports to $1,279,801. Duriug the year the exports amounted to $63,029,336 and the imports to $12,504,577. The Merchants' national bank of Ocala, Fla., suspended with liabilities of $145,000. Leland castle, owned by Adrian Iselin, Jr., and occupied by the Morse school, was burned at New Rochelle, N. Y., the loss being $100,000. At Narberth, Pa., fire destroyed the famous old stone barn opposite the Gen. Wayne hotel, which has been a familiar landmark for more than a century. Benjamin Gandy, aged 55 years, and Seabright Berry, aged 45 years, both of Gloucester, N. J., were instantly killed by the cars in Philadelphia. There were 455 business failures in the United States in the seven days ended on the 15th, against 488 the week previous and 395 in the corresponding period of 1896. The exchanges at the leading clearing houses in the United States during the week ended on the 15th aggregated $1,047,860,662, against $1,144,639,080 the previous week. The decrease compared with the corresponding week of 1896 was 1.6. Fire destroyed the plant of the Fox Faper company at Crescentville, O., the loss being $150,000. Jennie Browning, with her baby in her arms, jumped into the Kentucky river near Monterey,Ky. and both were drowned. As a result of a family feud two farmers, Jonas Hackensmith and Punch Evans, living near Dover, Mo., shot each other fatally. The United States treasury deficit for the first half of January is $6,860,963, and for the fiscal year to date $44,763,360. Deputy United States Marshal W. A. Bird was shot dead in Breathitt county, Ky., by Jacob Neace, a moonshiner. The Citizens' state bank of Fullerton, Neb., closed its doors. A portion of the Buckners orphan home in the suburbs of Dallas, Tex., was burned and five boys perished and a number of others were injured. The business portion of Milan, Mo., was destroyed by fire. The semi-centennial plan of celebrating in 1898 the fiftieth anniversary of Wisconsin has been abandoned. Dun & Co. in their review of trade say that gradual and steady improvement has been in progress throughout the country for two months. Later advices say that 15 children perished in the fire that destroyed the Buckner orphan home in Dallas, Tex. Mrs. Frank Villier. living near Port Leyden, N. Y., cut her child's throat and then her own. No cause is known

5. January 21, 1897 Democratic Northwest and Henry County News Napoleon, OH

Article from Democratic Northwest and Henry County News, January 21, 1897

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Colonel J. C. Spooner was elected to the United States senate from Wisconsin. Letters bearing the postage stamp of the Republic of Cuba have been delivered in New York. There is objection to the general arbitration treaty because it would infringe upon the Monroe doctrine. The Coxey reformers Issued an address to the people from St. Louis signed by Coxey and his son-in-law, Carl Browne. Captain General Weyler is in a very bad humor since he realizes he is about to lose his job, and refuses to see any one. General Roloff, secretary of war of the Republic of Cuba, has been arrested in New York, but the charge is kept secret. The City National bank of Streator, Ills., has notified its depositors to come and get their money, as it is going out of business. Friday. Two crooked bank officials were acquitted at Denver. The Merchants' National bank of Ocala, Fla., suspended. The house committee on Pacific railroads decided to reopen the question. A bill is pending before the Kansas legIslature to exclude wildcat corporations. Five persons were injured at Pittsburg because a gripman lost control of his car. A Lexow committee has been appointed to investigate the St. Louis police department. The plague has depopulated Bombay. Vultures are devouring the bodies of the dead. John D. Rockefeller, the multi-millionaire, was re-elected superintendent of the Sunday school of the Euclid Avenue Baptist church. Saturday. Martin B. Madden withdrew from the IIIInois senatorial race. Senator Chandler still Insists that armor plate costs too much. Miss Katherine Clemmons, actress, is soon to wed Howard Gould. The strike of stevedores at Green Bay, Wis., has been settled. A special from Budapest says Princess de Chimay is tired of her Gypsy lover and he of her. The Clyde line steamer Delaware, seized by the dispatch boat Dolphin off Mayport, was released. Major Prince, who is looking after the Cuban interests in Kansas City, took an overdose of chloral. Adjutant General Moses of Colorado has , wired a Columbus (0.) firm ordering 500 uniforms for recruits who are on guard at the Leadville mines. Buckner's Orphans' home burned at Dallas, Tex., and five inmates perished. Nine fishermen were driven out of Green Bay on a cake of ice into Lake Michigan. Ben Li, a tea merchant of Portsmouth, O., has been notified by the highbinders that he is to be killed. A boy named Glaydon, while Aworking in a cornfield, was fatally shot by an unknown assassin near Dupont, Patrick Donahue married a girl in Philadelphia whom he had betrayed and murdered her 20 hours later. The election of Hugh John McDonald of Winnepeg to the Dominion house of commons has been declared void because he hired vehicles to take voters to the polls. Monday. The Grand Opera House in Winnipeg was burned. Three children were asphyxiated in a tenement in Boston. Whole districts in India are without food and the people are starving. Over 22,000 people were engaged as bread winners in the United States in 1890. German millers have offered $250 for a method of destroying the meal moth. Rev. T. DeWitt Talmage urges the approval of the general arbitration treaty. A negro who beat and robbed George P. Beauvais at Whitecastle, Ia., was lynched. Judge J. F. McDonald of Fort Scott, Kan., was arrested on the charge of embezzlement. The First National bank of Newport, Ky., and the German National bank of Louisville failed. A new kind of Roentgen ray has been discovered in Vienna, which distinguishes death from catalepsy. Carl B. Christensen, who says he is a professor in Waterloo (Ia.) college, was arrested for stealing books from the public library in Boston. While the pope hoped to have the papacy recognized as a permanent arbitration tribunal for all nations, he is pleased with the treaty between the United States and England.

6. January 29, 1897 The Ocala Banner Ocala, FL

Article from The Ocala Banner, January 29, 1897

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The goods at Bonham, Tex., given a trust deed. The National Buggy Company, of Cincinnati, Ohio, assigned. The A. C. Witty Mercantile Company, of Rising Star, assigned. The Bell Mill Company, of Everett, Wash., given a chattel mortgage for $15,000. Hirsch and Co., dealers in clothing and dry goods at Sparta, Wis., have been attached. Perry, Oldham and Co., dealers in dry goods at McKinney, Tex. given a trust deed. The Bazzet-Uher Company, dealer in jeweler at Chicago. Ill., assigned. W. D. R. McConnell, dealer in dry goods at Brownwood, Tex., given a trust deed. Hayden and Chester, wholesale dealers in notions at Providence, R. I., assigned. A. J. Christmas and Co., dealers in dry goods at Glasgow, Ky., assigned. A reciver appointed at Muskegon, Mich., for the suspended Whitehall State Saving Bank. The First National Bank of Kentucky., failed. Nils Holm and Co., dealers in clothing at Eau Claire, Wis., chattel mortgage foreclosed. The Auderton and Eberhart Company, dealers in jewelery at Dayton, assigned. Stacy H. Scott, a well known farmer of Burlington county, New Jersey, assigned. The Orange City (Fla.) Bank, a private institution, of which John E. Stillman is president, assigned. Samuel Bongio, wholesale and retail dealer in fruits at Houston, Tex., given a trust deed. Grimshaw Brothers, silk manufacturers, who conduct a plant at Reading, Pa., assigned. A receiver has been appointed for Michigan Trust Company, of Grand Rapids, which suspended. The defunct banks of Martinsburg and Williamsburg, Pa., have avalible assets of $65,864 and $18,615 liabilities respectively. F. B. Gravely and Co., wholesale and retail dealers in groceries and feed at Danville, assigned. P. W. Smith, proprietor of the Kay County Bank, of Newkirk, Ohio, has given a chattel mortgage. for $87,500. The Williamson and Haylett Co., manufacturer of soda water apparatus at Milwaukee, Wis., assigned. Biscoe, Block and Co., wholesale dealers in notions and white goods at Memphis, Tenn., given a trust deed for $30,000. The City National Bank of Streator, Ill.. has notified depositors to withdraw their money, as the bank is going out of business. The Globe Woollen Mills, of Montreal, are seeking a compromise with their creditors on the basis of fifty cents on the dollar. Blackmore Dawson, doing business as Blackmore Dawson and Co., wholesale grocer at Cincinnati, Ohio, assigned, W. F. Park, grocer, at Belleville, Ill., is offering to compromise at 50 cents on the dollar. Been in business twenty years, Gustav S. Kann and Co., shoe commission merchant at Baltimore, Md., ssigned and receiver appointed. The Hionis Paper Company, of Chicago, went fu the hands of a reciever. Assets arent $65,000; liabilities, $60,000. G. C. Keyl, dealear in dry goo Bloomington, Ill., attached for $800. Shea and Prentice, general store at Clifton, Kans., given a chattel mortgage for $14,900. Been in business since 1881. The Comptroller of the Currency has appointed a receiver for the Columbia National bank at Minneapolis, Minn., recently failed. James Bond and Mary G., his wife, both of Philadelphia, have made an assignment for the benefit of creditors to William J. McLaughlin. The Brooksville (Fla.,) State Bank closed dors temporarily on account of the suspension of the Merchants' National Bank of Ocala, Fla. Behringer Bros., grocers, at Perry, Tex., given a trust deed. Have been in business six years, and have a branch store Riesel. The receivers of the Bank of Minnesota, of St Paul, made a statement placing the nominal assets at $3,170,000, and the liabilities at $2,325,000. An application made in Toledo by the Arbuckle Bros. and Thomas J. Kuhn for the appointment of a receiver for the Woolston Spice Company. National Bank Emiminer Escott, closed the doors of the German National Bank, J. M. McKnight, president, of Louisville, Ky. The capital stock of the institutionis $251,500, with a surplus of $31,000. The bank is au old one. The Minnesota Savings Bank of St. Paul, Minn., closed doors and filed a deed of assignment. Richard C. Flower, an insolvent debtor at Boston, filed liabilities ag-