Article Text
Huston's Bank Fails. Connersville, Ind., Feb. 5.-The Citizens' bank, owned by ex-United States Treasurer Huston, assigned to-day. The statement says that all deposits will be paid in full in three months.
5531. Citizens' Bank (Connersville, IN)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- February 7, 1896
- Location
- Connersville, Indiana (39.641, -85.141)
Metadata
- Model
- gpt-5-mini
- Short Digest
85b0d4db
Response Measures
None
Description
Multiple newspapers (Feb 5–7, 1896) report the Citizens' Bank of Connersville 'assigned' (an assignment to an assignee/receiver). No articles mention a depositor run prior to suspension. OCR variants in sources: Citigens', Thurston (for Huston) and different dates; corrected to Huston and Connersville. Assignment implies permanent closure/receiver rather than a temporary suspension.
Events (2)
1.
February 7, 1896
Receivership
- Newspaper Excerpt
- The Citizens' bank ... assigned this morning. The statement to the public says that all deposits will be paid in full in three months.
- Source
- newspapers
2.
February 7, 1896
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Owner J. N. (J.) Huston assigned the bank; reports show indebtedness about $105,000 with assets ~ $200,000 and prior mortgages recorded against his property; assignment due to proprietor's financial trouble and failing health.
- Newspaper Excerpt
- The Citizens' bank, owned by ex-United States Treasurer Huston, assigned this morning. The statement to the public says that all deposits will be paid in full in three months.
- Source
- newspapers
Newspaper Articles (6)
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Article Text
Indiana Bank Assigns. CONNORSVILLE, Feb. 6.-The Citigens' bank, owned by ex-United States Senator Huston, assigned yesterday. The statement to the public states that all deposits will be paid in full in three months.
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Article Text
George 11. life was saved by a Knights of Pythias watch charm Monday night. Houze was held up in a lonely spot near Muncie by a footpad and in the struggle that followed three shots were fired. One ball would have penetrated Houze's stomach. but it struck his watch charm, glancing off. He finally secured the revolver and nearly beat the life out of his assailant with it. Between First and Second streets, in the north end of Decatur, runs a deep ravine. Along the banks of this, in a secluded spot, hidden by brush and trees, an entrance to a cave has been found. It is a novelty and almost a wonder, since it was built by boys whose ages run from 12 to 16 years. In this cave were found eighteen small rifles, with several hundred rounds of cartridges, provisions, various kinds of tobacco and a large supply of cheap novels. As far as can be ascertained there are about twenty memhers of the gang. and they seem to be bound in secrecy to reveal nothing. No one knows what their object is or how they built the cave. Some surmise that it is an old Indian cave. The discovery has occasioned much comment. The failure of ex-United States Treasurer J. N. Huston came in the nature of a surprise to citizens of Connersville. When the time for opening the Citizens' Bank arrived Wednesday the curtains were tightly drawn. and a notice was posted to the effect that owing to the severe illness of Mr. Huston, the proprietor, an assignment had been made in favor of the bona fide creditors, and that every dollar of the indebtedness would be paid in full. The assignee, James M. McIntosh, states that the indebtedness will amount to about $105,000, while the assets will reach more than $200,000. Mr. Huston's health has been failing for some time past, and at this time his condition is quite critical. A reporter was met by Mrs. Huston, who refused to allow any one to see her busband. The ex-United States Treasurer has been badly treated by politicians where he had reason to expect favors. More than two years ago mortgages were recorded against Mr. Huston's property, aggregating $26,000. These have never been satisfied. It is said he carries life in surance to the amount of $100,000. S. P. Vanwinkle, a justice of the peace in Crown Point, was notified that he was probably one of four people who are heirs to an estate in New York valued at $4,000,000. The estate, it is claimed, was first owned by Mr. Vanwinkle's grandfather, who died about 1790. The family moved from the State and all became sep-
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Article Text
Huston's Bank Fails, Connersville, Ind., Feb. 7.-The Citizens' bank, owned by ex-United States Treasurer Huston, assigned this morning. The statement to the public says that all deposits will be aid in full in three months.
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Article Text
Citizens' Bank Assignment. The Citizens' Bank, of Connersville, Ind., owned by ex-United States Treasurer Thurston, assigned Thursday morning. The statement to the publie saye that all deposits will be paid in full in three months.
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Article Text
Huston's Bank Fails, Connersville, Ind., Feb. 7.-The Citizens' bank, owned by ex-United States Treasurer Huston, assigned this morning. The statement to the public says that all deposits will be vaid in full in three months.