Bank of Colfax - Colfax, IA

Episode Information

Episode UID: 5524948991368
Episode Type: Suspension → Reopening
Bank Type: private
Bank ID: 552494899 hash
Start Date: December 2, 1913
Location: Colfax, Iowa (41.678, -93.245)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 5895016ed76090b1

Response Measures

None

Description

Article refers to the Colfax bank's cashier Wheelock and plans to reopen after arranging funds; bank name not printed explicitly.

Events (1)

1. December 2, 1913 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Suicide of the cashier (Wheelock) and discovery of large bad loans (notably $12,000 owed by a grocer) led to probe and temporary closure; directors seeking assessments to reopen.
Newspaper Excerpt: Thus far nothing of any importance has developed from the probe by the state authorities into the affairs of the late Cashier Wheelock of Colfax...the will of Wheelock filed at Newton leaves all the property to his wife, and this will simplify the securing of funds to reopen the bank
Source: newspapers

Newspaper Articles (1)

1. December 14, 1913 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, December 14, 1913

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Article Text

RULING AFFECTS CHILDREN Judge Brennan Says Youth Was Not Legally Adopted. CONTRACT NOT AN ADOPTION Bellef that Two Thousand Children of the State Have Been Given Away Under Similar Circumstances. (From a Staff Correspondent.) DES MOINES, Dec. 2-(Special Telegram.)-Judge Brennan of the district court made decision that may materially affect the status of nearly 2,000 orphan children adopted from the Iowa Children's Home, in that they might be deprived of their rights as a natural child of those persons who took them to rear The court sustained a demurrer entered to an application filed by Whitney Hughes Riley for one-third of the $62,000 estate left by John Riley. Young Riley contended that he was the adopted son of the decedent and exhibited a contract purporting to be articles of his adoption by John Riley and his wife. Judge Brennan held that the alleged article of adoption was nothing more than a contract for employment, as it did not state that such child is given to the person adopting for the purpose of adoption. A. T. Burnell, superintendent of the Iowa Children's Home, said today it was possible that more than 1,000 children had been given unto the care of persons under such a contract. Wheelock Bank Probe. Thus far nothing of any importance has developed from the probe by the state authorities into the affairs of the late Cashier Wheelock of Colfax. The matter is in the hands of C. H. Robbins, assistsant attorney general, who was a schoolmate of Wheelock. The will of Wheelock filed at Newton leaves all the property to his wife, and this will simplify the securing of funds to reopen the bank, as the assessment of 75 per cent can be made against Wheelock's stock. Investigation shows that the largest bunch of bad paper of the bank is that against a grocer, G. H. York, who owes the bank $12,000 and has nothing beyond a small stock of groceries. The more the whole matter is probed the greater the belief that there was some cause for the suicide of the banker not yet revealed Continue Experiment. The directors of the State Horticultural society today decided upon continuing the experiment station work, but dropped the station at Storm Lake. M. J. Graham. the retiring president, was reelected superintendent of the experiment station work. The directors increased the premium list for the state apple exhibit and added to the premiums for boxed apples. The apple exhibit this n year was not up-to-standard, many of the apples being small and few of them e of the best color. n Fair Superintendents, t The directory board of the department 8 of agriculture today assigned the new t members to their work for the next t year. C. A. Tow will succeed R. S. Johnston,, in charge of the swine departe ment, and C. H. Tribby will have charge of the sheep department. The board con11 sidered improvements and changes and n worked on the premium list for next year. It was decided that the first thing to be done is to complete as soon as possible the new building for exhibits of n interest to women and children This is under way now and will be finished before spring. Dairy Men Have a Complaint. A delegation of members of the State association headed by Judge W. B. of Algona, called on upon a better Quarton and Dairy Insisted deal the fair. for board the It dairy cattle at the annual state n was pointed out that the new large barns over to the beef breeds of catanimals are that were first located at the tle are and given old was the barns dairy built Des given when Moines only the insist upon new barns which has been exhibit They fair growing probable for the rapidly dairy some in recent years. It is change will be made in this respect and in time new cattle barns will be built. State Grange Officials. 0 A. B. Judson of Balfour, Ia., was again chosen president of the Iowa State Grange at the annual election in Cedar Rapids. Other officers elected were: Overseer, J. R. McLean, Wilton Junction; lecturer, I. N. Taylor, Oskaloosa; steward, L. L. Richardson, Balfour; assistant steward, H. F. Carroll, Wilton Junction; chaplain, Miss Mary Youkin, Davenport: treasurer, M. E. Blair, Manchester; secretary, W. A. Caldwell, Oskaloosa; gate keeper, P. L Moffatt, Newton: Ceres, Mrs. Ida Judson, Balfour; Pomona, Miss Iva Wild, Council Bluffs: Flora, Mrs. W. A. Caldwell, Fremont. Decide smoke-Law Constitutional validity of the city's f smoke ordinance will be determined by Judge Smith McPherson of the federal court on Wednesday January 14, according to an assignment of hearings made by that court this morning. The state's be new law of employers' liability will thoroughly dissected for the same purpose January 13, while the question of the blue law's constitutionality will be