5370. Bank of Waverly (Waverly, IL)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
private
Start Date
August 11, 1898
Location
Waverly, Illinois (39.592, -89.953)

Metadata

Model
gpt-5-mini
Short Digest
fe64797a

Response Measures

Full suspension

Other: Assignee/receiver appointed; petition in November for bankruptcy adjudication.

Description

Contemporary reports state a quiet run began Aug. 11, 1898; bank suspended payment that day and an assignee/receiver was appointed Aug. 13. The bank is described as an unlimited partnership, i.e., a private partnership, and no reopening was attempted.

Events (3)

1. August 11, 1898 Run
Cause
Rumor Or Misinformation
Cause Details
Newspapers describe a quiet run of heavy depositors beginning the evening before Aug. 11 for an unaccountable reason, implying depositor nervousness/rumors rather than revealed insolvency.
Newspaper Excerpt
The Bank of Waverly ... closed its doors as a result of a quiet run started last evening for some unaccountable reason among some of the heaviest depositors.
Source
newspapers
2. August 11, 1898 Suspension
Cause
Rumor Or Misinformation
Cause Details
Suspension was reported as due to inability to procure funds to meet heavy demands after the depositor run began; contemporaneous reports tie this to the run of Aug. 11 (described as quiet run).
Newspaper Excerpt
The doors of the Bank of Waverly ... failed to open to-day. A placard announced that the bank was compelled to suspend payment because of inability to procure enough funds to meet the demands upon it.
Source
newspapers
3. August 13, 1898 Receivership
Newspaper Excerpt
A. W. Ragel was appointed assignee for the Bank of Waverly, which suspended yesterday. No effort will be made to reopen the bank.
Source
newspapers

Newspaper Articles (17)

Article from The Indianapolis Journal, August 12, 1898

Click image to open full size in new tab

Article Text

Illinois Bank Closed. WAVERLY, Ill., Aug. 11.-The doors of the Bank of Waverly, Albert Roohrer president, failed to open to-day. A placard announced that the bank was compelled to suspend payment because of inability to procure enough funds to meet the demands upon it. The directors consider themselves able to pull through. The concern is an unlimited partnership and the owners are estimated to be worth about $500,000. The bank's liabilities are estimated at from $100,000 to $200,000.


Article from Alexandria Gazette, August 12, 1898

Click image to open full size in new tab

Article Text

TELEGRAPHIC BREVITIES At to-day's session of the Catholic Total Abstinence Union, in Boston, the following officers were elected Bishop Tierney, of Hartford, president, J. W. Logue, of Philadelphia, and Judge W. J. Gibbons, of Chicago, vice presidents Rev. D. P. McGillicuddy, of Spring. field, Mass., treasurer and Rev. A.P. Doyle, of New York, secretary. A storm was created in political cir cles in Newark, N. J., to-day over the discovery that the new election law passed at the last session of the legislatures provides for the acceptance of the soldiers' vote from the field only "in time of war." The probability of an immediate cessation of hostilities means that no state of war will exist on election day and unless the New Jersey regiments are discharged prior to the date it is estimated that about 6,000 voters would lose their right of franchise. In New Jersey 6,000 votes cast either way might decide the State election inasmuch as the net republican plurality in the State last fall was only 258. The Bank of Waverly. one of the oldest and supposed to be the most substantial finan. cial institution of Waverley, III closed its doors as a result of a quiet run started last evening for some unaccountable reason among some of the herviest depositors. The headless body of a woman WAS washed ashore at Falisbury Beach, Mass. late yester day afterncon. She was apparently twenty years old. It is thought the body is that of one of the victims of the cyclone at Hampter Beach July 4th. Edward J. Gaynor, of Pottsville, P a road contractor of national reputation. was run over and killed yesterday by a locomotive at Kemmerer, Wyoming, where be was driving a turnel on a branch of the Union Pacific. A fatal accident occurred yesterday near McClure, Ill. A number of Italians were us. loading steel rails and overbalanced a est load which was thrown upon them, killing three men and injuring six others. A Santiago special says it is reported that Garcia has suspended operations for thirty days and given his men permission to go home. with instructions to report to him the end of that period.


Article from New-York Tribune, August 14, 1898

Click image to open full size in new tab

Article Text

FAILURE OF AN ILLINOIS BANK. Springfield, III., Aug. 13.-A. W. Ragel was appointed assignee for the Bank of Waverly, which suspended yesterday. No effort will be made to reopen the bank. Cashier Hutchinson says a large dividend will be paid at an early date, and that the individual partners have surrendered all their property. The liabilities are about $250,000, and the assets are double that amount.


Article from Rock Island Argus, August 15, 1898

Click image to open full size in new tab

Article Text

ABBREVIATED TELEGRAMS. The aggregate attendance at the Omaha exposition during the week was 90,000. The total cost of the war to the United States is expected to aggregate $150,000,000. There is an epidemic of suicide in the German army, due to the brutality of officers. Mr. and Mrs. Wilson and two children were poisoned at Arcola, Ills., by eating home-made ice cream. Word has gone out to Kansas farmers to hold their wheat, from what source no one seems to know. Ludovic Halevy, the French dramatic author and romancer, is lying at the point of death at Paris. "Father" Bill Daly, the well-known horseman, was badly injured last night in a runaway accident at Sheepshead Bay. Mrs. Delilah Cromwell, the oldest woman in Nebraska, is dead at her home near Table Rock. She was about 110 years old. The Democratic state committee met at the Grand Union hotel, New York, and referred silver resolutions to the state convention. Jimmy Barry, world's champion at 105 pounds, and Johnnie Ritchie, of Chicago, boxed six rounds at Chicago, the decision being a draw. The managers of the Omaha exposition announce that a. grand peace jubilee will be held on the exposition grounds the week of Oct. 10 to 17. As the result of the suspension of the Bank of Waverly, Il's., Christopher & Sons, hardware dealers of that place, closed their doors Saturday. Jack Reynolds, a negro, died at Knoxville, Tenn., at the age of 108. His wife died last Monday. aged 105. They had been living together for eighty years. A dispatch has been received from General Shafter stating that W. C. Percival, company F, Thirty-third Michigan, who was reported dead, is convalescing at Siboney.


Article from The Ely Miner, August 17, 1898

Click image to open full size in new tab

Article Text

DOMESTIC. Richard Thurmond, a negro who tried to assault the daughter of L.D. Hines, of Ripley, Tenn., was hanged by a mob. Wade Counts and his son, leaders of a notorious band of outlaws, were killed by lightning in Roane county, W. Va. The fire losses of the United States and Canada during the first six months of the present year were $67,166,850, against $64,566,750 during the same months in 1897. Fire destroyed the business portion of the city of Bismarck, N. D., and many residences, the loss being over $1,000,000. Francis Scott Key. the author of "The Star Spangled Banner," was honored in Frederick, Md., his native city, by the dedication of a handsome monument erected to his memory. F. A. Briggs, governor of North Dakota, died at Bismarck of consumption. John Elliston and his wife and two children were drowned while trying to ford Little river, near Lineville, Ia. The national meet of the League of American Wheelmen began in Indianapolis. Eighteen gold seekers lost their lives by the sinking of a steamer in the Kuskokwin river in Alaska. A mob took two men and four women from the jail in Clarendon, Ark., and hanged them for the murder of a merchant. A posse of citizens killed Will Nail, an outlaw who murdered F. Z. Taylor, postmaster at Melvin, I.T. George Webster shot and killed his brother Fred and then killed himself at West Stockbridge, Mass. Trouble in the family was the cause. A receiver has been appointed for the St. Louis baseball club. A landslide threw a train down an embankment near Pennington Gap, Va.. and 20 persons were injured. The laying of the corner stone of the new capitol building for Pennsylvania took place at Harrisburg. The steamer Mariposa sailed from San Francisco for Honolulu, taking as passengers the Hawaiian commissioners. Senators Cullom and Morgan and Congressman Hitt. In a jealous rage William Shannon shot and killed his wife and J.P. Giddings and Jack Wear at Central City, S. D., and then killed himself. All the parties were pioneers and well to do. Mullock Walker, a negro, was taken from the jail at Corinth, Miss., and hanged by a mob for robbing and fatally assaulting Charles Dezille. The doors of the Bank of Waverly, III., were closed, with liabilities of $150,000. The total imports of dutiable sugar during July were $5,399,970, against $2,281,287 for July, 1897. The New York Yacht club has accepted the challenge of Sir Thomas Lipton, of London, for a race for the America cup. Iowa's property assessment this year is $544,100,000, a reduction of $9,000,000 over the previous year. Henry C. Hawley, a New York city policeman, in a drunken rage fatally shot his wife, his mother, his son and daughter and then killed himself. Floods in the Scioto valley in Ohio covered over 12,000 acres of corn land in the immediate vicinity of Portsmouth, causing a loss of over $200,000. Robbers held up a train on the Burlington road near St. Joseph, Mo., and took $8,000 from the express car.


Article from Audubon Republican, August 18, 1898

Click image to open full size in new tab

Article Text

pointed military governor of the province of Santiago. DOMESTIC. Oliver Barth and his son, aged 18, their lives by into a both well lost at Upper Sandusky, descending O., where there was "fire damp." Private Charles E. Gill, company K. First Louisiana, and Corp. E. K. Humcompany E, First Texas, were killed at phreys, by lightning track Miami, at Fla. A train jumped the Canton killing Junction, and James Mass., Schufeldt, engineers, James Sheldon and G.K. Knowlton, fireman. Richard Thurmond, a negro who assault the daughter of L. D. of Tenn., was tried Hines, to Ripley, hanged by a mob. Wade Counts and his son, leaders of a notorious band of outlaws, were killed by lightning in Roane county, W. Va. were drowned by the of a boat in the capsizing Five persons Piscataqua river near Dover Point. H. losses of the States and the The Canada fire during first United six months of year were $67,166,850, $64,566,750 during same against the present the months in 1897. the portion Fire destroyed business N. and the city of Bismarck, D., the over of many residences, loss being $1,000,000. Daniel Ogg (colored) was lynched by a mob at Palestine, Tex., for attempted assault on two women. Francis Scott Key. the author of "The Star Spangled Banner," was honored in Md., his city, Frederick, handsome native by the dedication of a monument erected to his memory. F. A. Briggs, governor of North Dakota, died at Bismarck of consumption. John Elliston and his wife and two children were drowned while trying to ford Little river, near Lineville, Ia. The national meet of the League of American Wheelmen began in Indianapolis. gold seekers lost their lives by the of a steamer Eighteen sinking in the Kuskokwin river in Alaska. took two men women A mob jail Clarendon, and four Ark., from the in and hanged them for the murder of a merchant. of citizens killed Will Nail, an who A outlaw posse murdered F. Z. Taylor, postmaster at Melvin, I.T. Webster shot his George and killed killed himself brother Fred and then at West Stockbridge, Mass. Trouble the family was the cause. A receiver has been appointed for the St. Louis baseball club. A landslide threw a train down an embankment near Pennington Gap, Va., and 20 persons were injured. The of the corner the new for Pennsylvania capitol laying building stone of took place at Harrisburg. The steamer Mariposa sailed from San Francisco for Honolulu, taking as passengers the Hawaiian commissioners, Senators Cullom and Morgan and Congressman Hitt. In a jealous rage William Shannon killed his wife and Gidand Jack Wear at shot dings and himself. Central All City, the S.D., and then killed were pioneers and do. parties well to taken Mullock Walker, a negro, was the at Corinth, hanged a mob for from by jail robbing Miss., and fatal- and ly assaulting Charles Dezille. The doors of the Bank of Waverly, of III., were closed, with liabilities $150,000. The total imports of dutiable sugar during July were $5,299,970, against $2, 281,287 for July, 1897. New York Yacht club has acthe challenge of cepted The Sir Thomas for the Lipton, of London, for a race America cup. Iowa's property assessment this year is $544,100,000, a reduction of $9,000,000 over the previous year. C. Hawley, a New city in a drunken rage policeman, Henry his York fatally and shot his mother, son and then daughter his wife, killed himself. in in the Scioto valley Ohio 12,000 acres of corn in immediate vicinity covered Floods the over of Ports- land mouth, causing a loss of over $200,000. Robbers held up a train on the road near St. Mo., Burlington took $8,000 the Joseph, and from express car. PERSONAL AND POLITICAL ex-mayor the Adolph Sutro, San and largest property owner in Fran-


Article from Marshall County Independent, August 19, 1898

Click image to open full size in new tab

Article Text

ILLINOIS BANK FAILS. Institution at Waverly Compelled to Suspend. The Bank of Waverly, III.. has been compelled to suspend payment. The bank is an unlimited partnership and the owners are estimated to be worth $500,000. The liabilities are all the way from $100,000 to $200,000.


Article from Perrysburg Journal, August 20, 1898

Click image to open full size in new tab

Article Text

DOMESTIC. A receiver has been appointed for the St. Louis baseball club. The steamer Mariposa sailed from San Francisco for Honolulu, taking as passengers the Hawniian commissioners. Senators Cullom and Morgan and Congressman Hitt. In a jealous rage William Shannon shot and killed his wife and J. P.Gid dings and Jack Wear at Central City, S.D., and then killed himself. All the parties were do. a was Mullock Walker, pioneers negro, and well to taken from the jail at Corinth, Miss., and hanged by a mob for robbing and fatally assaulting Charles Dezille. The doors of the Bank of Waverly, Ill., were closed, with liabilities of $150,000. The total imports of dutiable sugar during July were $5,299,970, against $2,281,287 for July, 1897. The New York Yacht club has accepted the challenge of Sir Thomas Lipton, of London, for a race for the America cup. Iowa's property assessment this year is $544,100,000, a reduction of $9,000,000 over the previous year. Henry C. Hawley, a New York city policeman, in a drunken rage fatally shot his wife, his mother, his son and daughter and then killed himself. Floods in the Scioto valley in Ohio covered over 12,000 acres of corn land in the immediate vicinity of Portsmouth, causing a loss of over $200,000. Robbers held up a train on the Burlington road near St. Joseph, Mo., and took $8,000 from the express car. The exchanges at the leading clearing houses in the United States during the week ended on the 12th aggregated $1,221,929,527. against $1,187,638, 574 the previous week. The increase compared with the corresponding week in 1897 was 5.8. There were 196 business failures in the United States in the seven days ended on the 12th, against 196 the week previous and 239 in the corresponding period of 1897. Large and extensive coal deposits have been discovered about 40 miles from Sitka, Alaska. Charles Baier and his wife, Minnie, an old German couple, were burned to death in their home in Chicago by a fire started by robbers. The entire business portion of Wheatland, Cal., was destroyed by fire. Summerfield Dennis, a negro boy less than 17 years old, was hanged at Snow Hill, Md., for killing his stepfather. Leonard Roby, son of Judge Roby, of Auburn, Ind., and Miss Lena Rempis were drowned in Crooked lake, near Angola. A cloudburst flooded Clarksburg, W. Va. and caused immense damage. The United States steamship Philadelphia arrived in Honolulu with Admiral Miller and staff on board, and the admiral will raise the American flag over the Hawaiian islands. Mrs. J. Polk Deane and her sister, Mrs. J. F. Dunning, died in Dover, Del., from eating poisoned candy. Fire at Fresno, Cal., destroyed property valued at $500,000 and caused the death of four persons. The monthly statement of the imports and exports of the United States shows that during the month of July the imports of merchandise amounted to $50,647,366 and the exports amounted to $71,189,742. James Davis and Albert Robinson were drowned in a lake near Paducah Ky., by the overturning of their boat while fishing. The percentages of the baseball clubs in the National league for the week ended on the 14th were: Cincinnati, .650; Boston, .643; Cleveland,608; Baltimore, .591; New York, .556: Chieago, .545; Pittsburgh, .521; Philadelphia, .479; Brooklyn, .389; Louisville, .374; Washington, 354; St. Louis, .283. Sheriff Fisher and a posse of 13 men made a raid on a crowd of negro gamblers at Bayboro, Ga., killing five of them and mortally wounding three others. A hailstorm, destroying 20,000 acres of grain, swept over the western part of Foster and Eddy counties, N.


Article from The L'anse Sentinel, August 20, 1898

Click image to open full size in new tab

Article Text

Gens. Shutter and and Admirals Sampson and Dewey were notified of the progress of peace negotiations and they were practically instructed to suspend further hostilities. Gen. Henry W. Lawton has been appointed military governor of the province of Santiago. DOMESTIC. Oliver Barth and his son, aged 18, both their lives by a well lost at Upper Sandusky, descending O., where into there was "fire damp." Private Charles E. Gill, company K. and Corp. E. K. HumE. were phreys, First Louisiana, company First Miami, Texas, Fla. killed by lightning at the Mass., killing Junction, A train jumped track James at Sheldon Canton and James Schufeldt, engineers, and G. K. Knowlton, fireman. Richard Thurmond, a negro who assault the daughter D. of Tenn., was Hines, tried to Ripley, hanged of L. by a mob. Wade Counts and his son, leaders of a notorious band of outlaws, were killed by lightning in Roane county, W. Va. Five persons were drowned by the capsizing of a boat in the Piscataqua riyer near Dover Point. N.H. losses of the States The Canada fire during first United and the months of the present year were $67,166,850, against $64,566,750 during the same months in 1897. Fire destroyed the business portion of the city of Bismarck, N. D., and many residences. the loss being over $1,000,000. Daniel Ogg (colored) was lynched by mob at Palestine, ata women. Tex., for tempted assault on two Scott Key the of "The Banner," was hone Francis Star Spangled native author ored in Frederick, Md., his city, by the dedication of a handsome monument erected to his memory. F. A. Briggs. governor of North Dakota, died at Bismarck of consumption. and his two were drowned to children John Elliston Lineville, while wife trying and Ia. ford Little river, near The national meet of the League of American Wheelmen began in Indianapolis. Eighteen gold seekerslost their lives by the sinking of a steamer in the Kuskokwin river in Alaska. A mob took two men and four women from the jail in Clarendon, Ark., and hanged them for the murder of a merchant. A posse of citizens killed Will Nail, an outlaw who murdered F. Z. Taylor, postmaster at Melvin. I.T. Webster shot and his George killed killed Fred and then himself Mass. brother at West Stockbridge, Trouble in the family was the cause. A receiver has been appointed for the St. Louis baseball club. A landslide threw a train down an embankment near Pennington Gap. Va.. and 20 persons were injured. of the corner stone the new for The capitol laying building Pennsylvania of took place at Harrisburg. The steamer Mariposa sailed from Francisco for Honolulu, taking 83 the Hawaiian ers. Cullom and San passengers Senators commission- Morgan and rage Congressman In a jealous Hitt. William Shannow . Gidkilled his wife and and Jack Wear at shot dings and himself. Central All City, the S. and then killed were pioneers and a negro, was parties Mullock D., Walker, well to taken and do. the jail at Corinth. a mob for robbing fatalfrom hanged by Dezille. Miss., and ly assaulting Charles The doors of the Bank of Waverly, of III., were closed, with liabilities $150,000. The total imports of dutiable sugar during July were $5,299,970, against 281,287 for July, 1897. The New York Yacht club has accepted the challenge of Sir Thomas the Lipton, of London, for a race for America cup. Iowa's property assessment this year is $544,100,000, a reduction of $9,000,000 over the previous year. Henry C. Hawley, a New York city in a drunken rage fatally and wife, his mother, son policeman, shot his himself. his and then killed in the Scioto valley over 12,000 acres of corn daughter covered Floods in Ohio land in the immediate vicinity of Portsmouth, causing a loss of over $200,000. the Robbers held up a train on Burlington road near St. Joseph, Mo., and took $8,000 from the express car. PERSONAL AND POLITICAL. Adolph Sutro, ex-mayor San and From the


Article from The Indianapolis Journal, November 2, 1898

Click image to open full size in new tab

Article Text

TELEGRAPHIC BREVITIES. The thirty-second annual convention of the American Institute of Architects is in session at Washington. The Commercial Hotel, City livery stable and a saloon at Oklahoma City, O. T., burned early yesterday. The guests had time to escape from the hotel. Frank B. Leefe, convicted with J. B. Wolfson of wrecking the Union National Bank of New Orleans, died in the parish prison in that city yesterday. The agent of W. O. B. MacDonough, owner of Ormonde, states that the Duke of Westminster's offer of $50,000 for that famous race horse has been declined. The affairs of the First National Bank of Lisbon, O., look more promising. It is now definitely determined that the snortage of Childs, the missing cashier, will not exceed $40,000. Depositors will be paid in full. R. T. Howell, an insurance agent of Bridgeport, O., was arrested at Wheeling yesterday at the instance of the West Virginia state auditor for issuing fire insurance policies of companies not authorized to do business in that State. Detective McVey, of Delaware, who is in California representing his State in the Botkin poisoning case, has engaged attorneys to look after the legal side of the case and an endeavor will be made to have the case carried to the Federal Court for settlement. The discovery has been made at Port Townsend, Wash., that some miscreant has defaced the two fifty-four-ton guns that are waiting to be placed in position at Marrowstone point by cutting names on the stem barrels with soap and acid. Suspicion rests on discharged workmen. Lambert Wilt, the absconding controller of the Bunglau Savings Bank, Bohemia, with his wife and aunt, were taken to Chicago yesterday from St. Louis, where they were arrested Monday night. They will be held in Chicago as prisoners to await instructions from Bohemia. In the United States Circuit Court at Springfield, III., yesterday, George Caruthers, William A. Sims and William T. Cox. of Waverly, filed a petition to have the bank of Waverly, at Waverly, III., adjudged bankrupt. The defendant made a general assignment Aug. 11. The liabilities are $300,000, with assets unknown. While hunting with four companions, near Irwin, Pa., Joe Boleti, an Italian coal miner, accidently discharged his weapon and some of the shot entered the body of John Macholi, another of the party. The accident frightened Boleti and he started to run, when without a word, Macholi raised his gun and shot him through the heart. The murderer is at large. Judge Thayer, of the United States Court of Appeals at St. Paul, yesterday reversed the decision in favor of the defendants, rendered by the lower court, in the case of the government against the Pine River Logging and Improvement Company, involving $487,000 worth of lumber alleged to have been wrongfully cut and removed from Indian reservations. John Hubbard and William Lamont, who are serving time in the Michigan State House of Correction, confided to three fellow-prisoners that a year ago last September they murdered and robbed Ludwig Herman, a veteran soldier, They will be held and tried for the crime, which has hitherto been a mystery, When visited by officers Hubbard and Lamont dented having made such a confession.


Article from The Diamond Drill, December 31, 1898

Click image to open full size in new tab

Article Text

BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 24-National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 24- Bank of Southern Baltimore, $170,000. Mar. 16-Home savings Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25 Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29 Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia., $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabilities $103,000 German national of Pitts burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. 28 Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30 -Second national, of Toledo, o., goes into voluntary liquidation.


Article from Marietta Daily Leader, January 1, 1899

Click image to open full size in new tab

Article Text

BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 21-National, Paola, Kan., suspended. 1-First - national, Larimore, N. D., $71,754. Feb. -Bank of Southern Baltimore, $170,000. Mar. 6-Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25 Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7--Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13--Tioga national, of Oswego, N. Y., closed. 19 -First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000 closed; resumed on Nov. 15. 20-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., susspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30 Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.


Article from Twice-A-Week Plain Dealer, January 3, 1899

Click image to open full size in new tab

Article Text

HAPPENINGS OF 1898. A Chronological Array of the Most Prominent Events. STORY OF SPANISH-AMERICAN WAR. Brief Mention of Financial Failures, Startling Catastrophes and Crimes-Necrology of Year - Politics and Sport. BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 24-National, Paola, Kan., suspended. 81-First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16-Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul.20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia., $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N.Y., closed. 19-First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabilities, $7,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. President suicides an hour later. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.


Article from The Cape Girardeau Democrat, January 7, 1899

Click image to open full size in new tab

Article Text

BANK FAILURES. Jan. 17-State, Elmwood, III $60,000. 24-National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 21-Bank of Southern Baltimore, $170. 000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia. $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. -Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150, 000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich, $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing_2., suspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Teledo O., goesinto voluntary liquidation.


Article from Perrysburg Journal, January 7, 1899

Click image to open full size in new tab

Article Text

BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. -First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170.000. Mar. 16-Home savings, 8 Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29- l'homas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la. $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, III., $150,000. Fillmore county, Preston, Minn., $150,000. Sep. It-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4 -Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29 Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation.


Article from The Holly Chieftain, January 13, 1899

Click image to open full size in new tab

Article Text

BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24 -National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170, 000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. .20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, 1a., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (sus pended) Aug. 11-Bank of Waverly, III., $150,000. 27 -Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Aia., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., lia bilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon. O., capital 350,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, 0, goes into liquidation. Nov. 5-First national, of Flushing., O., suy. pends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doora with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.


Article from Barton County Democrat, January 13, 1899

Click image to open full size in new tab

Article Text

HAPPENINGS OF 1898. A Chronological Array of the Most Prominent Events. STORY OF SPANISH-AMERICAN WAR. Brief Mention of Financial Failures, Startling Oatastrophes and Crimes-Necrology of Year - Politics and Sport. / BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. 31-First - national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16 Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul.20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended). -Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabilities, $7,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 10-First national, of Emporia, Kan., closed. President suicides an hour later. 2S-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. S-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.