Farmers Exchange Bank (St Charles, MI)

Episode Information

Episode UID
5511882291177
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
551188229 hash
Start Date
January 27, 1898
Location
St Charles, Michigan (43.297, -84.141)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
216adedf671eb0f7

Response Measures

None

Description

Articles state the bank suspended and depositors will be paid at Chesaning; no reopening mentioned.

Events (1)

1. January 27, 1898 Suspension
Cause Details
Article only reports the bank 'has suspended' and that depositors will be paid at Chesaning; no cause given.
Newspaper Excerpt
The Farmers' Exchange bank at St. Charles has suspended. Depositors will be paid at Chesaning.
Source
newspapers

Newspaper Articles (2)

Article from Belding Banner, January 27, 1898

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Article Text

MICHIGAN NEWS ITEMS. About 700 farmers attended the institute at Otsego. Lincoln Bros., of Jackson, paid a fine of $25 for selling colored oleomargerine. Chassell wells have gone dry, and citizens have to meltsnow to get water. B. O. Adams committed suicide at Litehfield, with a revolver. Cause not known. All business houses closed for the funeral of Postmaster John Fanning, at Albion. Bigamist Geo. B. Baxter has been sent from Alpena to state prison for four years. About $3,600 has been spent improving the Manistee opera house, and it is now a credit to the city. The Farmers' Exchange bank at St. Charles has suspended. Depositors will be paid at Chesaning. Henry Steinforth, employed by the Booth Fishing Co. at Petoskey, was fatally kicked by a horse. Sugar beets grown in Sanilac county contains 20 per cent more sugar than required by the standard. The Mineral Range railroad is about to build a 1,000-foot dock at Hancock, one of the largest on the lakes. James Elliott, a C. & G. T. workman, fell from a scaffold, at Battle Creek, breaking both legs above the knees. Thieves robbed Wm. Ackermann's hen roost at Flint and then set fire to the building; a tool house burned also. Sanilac county now raises so much fruit that a movement is on foot to establish a canning factory at Croswell. A shingle mill at McDonald lake. 15 miles west of Manistique, has resumed operations after three years of idleness. The Globe Copper Mining Co.'s property at Houghton was sold at public auction to the Atlantic Mining Co. for $12,800. Oil has frequently been noticed on the surface of Wolf lake, near Niles, and farmers will explore the banks for kerosene. The proposition to bond Cheboy gan county for $150,000 to build good roads will probably be submitted at the spring election. Wm. Hamilton was acquitted at Muskegon of the charge of burning his dwelling for the insurance. His wife IS now on trial. President McKinley has named Lemuel G. Dafoe to be postmaster of Alpena, and Henry E. Edwards, postmaster of Jackson. A Swedish homesteader near Norway has succeeded in extracting an excellent grade of tar from the roots of the Norway pine trees. John Beatty, aged 67, an inmate of Soldier's home at Grand Rapids, died in a hotel in that city from the effects of a dose of morphine. John Green, hostler at the Wolcott house barn at Nashville, had both legs broken by the kick of a horse. He will be disabled for life. The Bay City council offers to deed the Detroit & Mackinac railway half of Washington park, if the company will erect a $30,000 depot. Delos J. Townsend, of Mayville, proprietor of the Bailey hotel, was arrested and arraigned at Vassar for selling liquor without a license. While trying to move a live electric light wire at Detroit Wm. G. Hillman, a telephone lineman, received a shock which resulted in instant death.


Article from The Yale Expositor, January 28, 1898

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Article Text

MICHIGAN NEWS ITEMS. About 700 farmers attended the institute at Otsego. Lincoln Bros., of Jackson, paid a fine of $25 for selling colored oleomargerine. Chassell wells have gone dry, and citizens have to meltsnow to get water. B. O. Adams committed suicide at Litchfield, with a revolver. Cause not known. All business houses closed for the funeral of Postmaster John Fanning, at Albion. Bigamist Geo. B. Baxter has been sent from Alpena to state prison for four years. About $3,600 has been spent improving the Manistee opera house, and it is now a credit to the city. The Farmers' Exchange bank at St. Charles has suspended. Depositors will be paid at Chesaning. Henry Steinforth, employed by the Booth Fishing Co. at Petoskey, was fatally kicked by a horse. Sugar beets grown in Sanilac county contains 20 per cent more sugar than required by the standard. The Mineral Range railroad is about to build a 1,000-foot dock at Hancock, one of the largest on the lakes. James Elliott. a C. & G. T. workman, fell from a scaffold, at Battle Creek, breaking both legs above the knees. Thieves robbed Wm. Ackermann's hen roost at Flint and then set fire to the building; a tool house burned also. Sanilac county now raises so much fruit that a movement is on foot to establish a canning factory at Croswell. A shingle mill at McDonald lake. 15 miles west of Manistique, has resumed operations after three years of idleness. The Globe Copper Mining Co.'s property at Houghton was sold at public auction to the Atlantic Mining Co. for $12,800. Oil has frequently been noticed on the surface of Wolf lake, near Niles, and farmers will explore the banks for kerosene. The proposition to bond Cheboygan county for $150,000 to build good roads will probably be submitted at the spring election. Wm. Hamilton was acquitted at Muskegon of the charge of burning his dwelling for the insurance. His wife IS now on trial. President McKinley has named Lemuel G. Dafoe to be postmaster of Alpena, and Henry E. Edwards, postmaster of Jackson. A Swedish homesteader near Norway has succeeded in extracting an excellent grade of tar from the roots of the Norway pine trees. John Beatty, aged 67, an inmate of Soldier's home at Grand Rapids, died in a hotel in that city from the effects of a dose of morphine. John Green, hostler at the Wolcott house barn at Nashville, had both legs broken by the kick of a horse. He will be disabled for life. The Bay City council offers to deed the Detroit & Mackinac railway half of Washington park, if the company will erect a $30,000 depot. Delos J. Townsend, of Mayville, proprietor of the Bailey hotel, was arrested and arraigned at Vassar for selling liquor without a license. While trying to move a live electric light wire at Detroit Wm. G. Hillman, ) a telephone lineman, received a shock which resulted in instant death.