Corry National Bank (Corry, PA)

View Charter #569 on SPMC View balance sheet

Episode Information

Episode UID
56901103
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
5690 national
Charter Number
569
Start Date
November 7, 1891
Location
Corry, Pennsylvania (41.920, -79.640)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
db9e7c31bc669860

Response Measures

None

Receivership Details

Depositor recovery rate
80.5%
Date receivership started
1891-11-21
Date receivership terminated
1896-10-16
OCC cause of failure
Fraud
Share of assets assessed as good
66.7%
Share of assets assessed as doubtful
23.7%
Share of assets assessed as worthless
9.6%

Description

No contemporaneous run is reported; failure attributed to large holdings of local/lumber paper.

Events (5)
1. November 12, 1864 Chartered
Source
historical_nic
2. November 7, 1891 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was carrying large amounts of paper for local business and lumber firms that could not meet obligations; examiner found capital impaired.
Newspaper Excerpt
Corry National bank has suspended. ... The bank has been closed by order of the bank examiner.
Source
newspapers
3. November 10, 1891 Receivership
Newspaper Excerpt
The Corry National Bank ... is in a bad condition and a receiver will be appointed in a few days to wind up its affairs.
Source
newspapers
4. November 21, 1891 Receivership
Source
historical_nic
5. May 12, 1892 Other
Newspaper Excerpt
Receiver J. W. Sproul, of the Corry National Bank, to pay another dividend of 10 per cent, making 40 per cent in all.
Source
newspapers

Newspaper Articles (20)
1. November 7, 1891 Evening Capital Journal Salem, OR
Article from Evening Capital Journal, November 7, 1891

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HOWELL LUMBER CO. ST. JOSEPH, Mo., Nov. 7.-The United States grand jury, which has been investigating the dealings of the Howell Lumber company which failed several months ago, has returned six indictments against I. R. Howell and Geo. W. Howell. The indictments charge the Howells with having effected arrangements with W. D. Mott and Edward Tib bits, both of Atehinson-Atehinson agent and weight master respective ly for the Rock Island road -where by they were able to get a difference in cost of lumber, whereby they were able to sell below all competition. They charge the action of the Howells to be in direct violation of the provisions of the inter-state commerce law. Warrants have beer issued for their arrest. FOR ASSISTANT POSTMASTER'S. DENVER, Colo., Nov. 7.-For the purpose of remedying the evil now existing in the post office department regarding and promo tion and pay of those entering the service under the civil service rules. The National Association of post office clerks have drafted a bill to be presented to congress. In first class post offices, the assistant post muster shall receive fifty per cent of the salary of the postmaster except at New York, superintendents of mail and superintendents of delivery forty-five per cent. superintendents of registry and superintendents of money divisions forty per cent. NATIONAL BANK SUSPEND. CORRY, Pa., Nov. 7.-Corry National bank has suspended. No statement yet of theliabilities. Capital stock $100,000.

2. November 8, 1891 The Morning News Savannah, GA
Article from The Morning News, November 8, 1891

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A BANK CLOSED AT CORRY. Inability of Business Men to Meet their Obligations the Cause. CORRY, PA., Nov. 7.-A sensation was created here this morning by the suspension of the Corry National Bank, which was be.. lieved to be perfectly sound. The bank has been closed by order of the bank examiner. The capital stock is $100,000. The surplus is $15,000 and the undivided profits $6,560. The liabilities are unknown. The deposits are close to $500,000. The failure is due almost entirely to the fact that the bank has been carrying a large amount of paper for business men in this section, and in the lumber country who have been unable to meet their obligations. The bank will pay depositors in full. THE BANK EXAMINER MUM. CLEVELAND, O., Nov. 7.-A special from Erie, Pa. says: "The bank examiner will not talk but it is generally believed that the bank's condition is not changed materially since the last report, when the deposits were $543,000 and the total liabilities, including capital and circulation $740,000. The bank examiner says he found the capital of the bank much impaired and closed it. It is believed that since President Allen has been making large investments in timber land and Cashier Harmon in grape and live' stock farms in New York, iron works and other enterprises that the bank may contain a large quantity of the bank offlcials' own paper. Shrewd business men guess that the bank's vaults are full of paper on which it would be difficult to realize."

3. November 8, 1891 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, November 8, 1891

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ANOTHER BANK DOWN. Corry, Pa., Upset by a Financial Suspension. CORRY, Pa,, Nov. ?-A sensation was created here this morning by the suspension of the Corry;National bank. The news spread quickly and created great surprise and excitement, as it was believed to be perfectly sound. Inquiry revealed the fact that the bank had been closed by the order of the bank examiner. The bank's capital stock is $100,000, surplus, $16,500. and the undivided profits $6,750. The deposits are close to $500,000. The failure is due almost entirely to the fact that the bank has been carrying a large amount of paper for business men in this section and in the lumber country who have been unable to meet their obligations. The bank had a branch in Pittsburg, which was a very important source of revenue. It was started some time ago with the consent of the comptroller. About a month ago the comptroller decided that the branch must close up in accordance with a policy not to allow branch banks to do business. This move would deprive the main bank of such a large line of business that it would hurt them seriously in their present condition, and they feared it would cause a run which they could not stand. The officers say that the depositors will get every dollar owed them. CLEVELAND, O., Noy. 7.-The bank examiner will not talk, but it is generally belieyed that the bank's condition has not changed materially since the last report, when the deposits were $543,000 and the total liabilities, including capital and circulation, $740,000. The bank examiner says he found the capital of the bank much impaired and he closed it. It is believed that since President Allen has been making large investments in timber lands and Cashier Harmon in grape and livestock farms in New York, iron works and other enterprises, that the bank may contain a large quantity of the bank officials' own paper. Shrewd business men guess that the bank's vaults are full of paper on which it would be difficultto realize.

4. November 8, 1891 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, November 8, 1891

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Startling Suspension of a Bank. [By telegraph to the Dispatch.] CORRY. Pa., November 7.-A sensation was created here this morning by the suspension of the Corry National Bank, which was believed to be perfectly sound. The bank had been closed by order of the bank examiner. The capital stock is $100,000, the surplus $16,500, and the undivided profits, $6,750. The liabilities are unknown. PITTSBURG, PA.. November 7.-The deposits are close to $500,000. The failure is due almost entirely to the fact that the bank has been carrying a large amount of paper for business-men in this section and in the lumber country who have been unable to meet their obligations. The bank will pay depositors in full.

5. November 8, 1891 Fort Worth Gazette Fort Worth, TX
Article from Fort Worth Gazette, November 8, 1891

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The Cause of the Failure. PITTSBURG, PA., Nov. 7.-The Corry bank deposits are close to $500,000. The failure is due almost entirely to the fact that the bank has been carrying a large amount of paper for business men in this section and in the lumber country, who have been unable to meet their obligations. The bank has a branch here, which was a very important source of revenue. It was started some time ago with the consent of the comptroller. About a month ago the comptroller decided that the branch must close up in accordance with the policy not to allow branch banks to do business. This move would deprive the main bank of such a large line of business that it would hurt them soriously in their present condition. and the fear was it would cause a run which they d not stand. The officers say that the depositors will get every dollar due them.

6. November 9, 1891 Evening Journal Wilmington, DE
Article from Evening Journal, November 9, 1891

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A Bank Failure in Corry. CORRY, Pa., Nov. 9.-A sensation was caused here by a suspension of the Corry National bank. The bank was closed by the order of a bank examiner. The bank's president is T. A. Allen and the cashier Clarence Harmon. The capital stock is $100,000, the surplus $15,500. The deposits are close to $500,000. The bank has a branch at Pittsburg. The officers say the depositors will get every dollar due them.

7. November 9, 1891 The Wilmington Daily Republican Wilmington, DE
Article from The Wilmington Daily Republican, November 9, 1891

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Corry National Bank Fails. CORRY, Pa., Nov. 9.-A sensation was created here by the suspension of the Corry National bank. The news spread quickly and created great surprise and excitement, as it was allowed to be perfectly sound. Inquiry revealed the fact that the bank had been closed by the order of the bank examiner. The bank's president is T. A. Allen, and the cashier is Clarence Harmon. The capital stock is $100,000, the surplus $16,500 and the undivided profits $6,750. No statement has yet been made of the liabilities.

8. November 9, 1891 Pawtucket Tribune Pawtucket, RI
Article from Pawtucket Tribune, November 9, 1891

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TELEGRAPHIC SPARKS. An attempt was made to burn the postoffice at Avon, Mass. Large quantities of salmon are to be placed in Vermont waters. Low water threatens the stoppage of mills at Manchester, N. H. Nearly 100 horses were killed by forest fires at Beacon Falls, Conn. The failure of the Corry, (Pa.) National bank, capital stock $100,000, is announced. C. T. Powers succeeds James Mutrie as manager of the New York Baseball club. Lieutenant Francis Radoux, who fought under the first Napoleon, at P rtland, Me. Joshua Hill, residing in Lonsdade, R, I., was drowned through the capsizing of a boat. John Newton, aged 6 years, was drowned in four feet of water at Elm park, Worcester, Mass. There is a belief that Clements of Georgia will be the Democratic interstate commissioner. Flower's sworn statement of the money paid by him for his election places the amount at $5000. The Augusta (Me.) board of registration will require personal registration in preparing» new list. The president of the Maine Banking company of Kansas City is charged with swindling and forgery W. C. T. U. delegates from California are waging a crusade against saloons all along the route to Boston. Dr. Daniel Dwyer of Hartford, one of the leading dental surgeons of the state, died of typhoid fever, aged 44. A forest fire at North Saco, Me., has burned ovor twenty acres, mostly timber land, and is not yet under control. The town of Moodus, Conn., is suffering from a water famine. The three large reservoirs are completely ex} tusted, Knights of Reciprocity and Rep blican League clubs of Kansas are to nite on Blaire and McKinley for the ticket for 892. Valentine Eagle, & brakeman on the New York and New England railroad, was killed while coupling cars in East Hartford. Receiver Simmons of the American Loan and Trust company is to proceed criminally against those who wrecked the concern. M. Harancourt, the dramatist, and M. Carre, the poet, fought a duel with swords at Paris. The latter was severely wounded in the breast. A Brazilian government decree just issued orders a lease of the state railways for thirty-three years at a gold rental, half of which is payable in advance. John H. Watkinson, aged 77, a prominent citizen of Middletown, Conn., is dead. He was the president of the Middletown National bank from 1847 to 1883. The cotton shed at the railroad depot at Terry, Miss., a large quantity of cotton, every business house in the town except two, the hotel and some residences were burned. Captain Younghusband, who a short time ago was reported as having been murdered by the Russians in the Pamir district, is on his way to England on leave of absence. Joseph Mayer, proprietor of the Arsenal pottery at Trenton, for robbing which several persons have been arrested in Philadelphia, estimates his loss at more than $75,000. Robert Clark Welch, who is missing from Williamstown, Mass., was formerly a student of Williams college. Members of the Delta Upsilon fraternity will continue the search for him.

9. November 9, 1891 Telegram-Herald Grand Rapids, MI
Article from Telegram-Herald, November 9, 1891

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CLOSED BY THE EXAMINER. The Corry National Bank at Corry. Pa. Suspends Payment. Corry, Pa., Nov. 8.-A sensation was created here yeaterday morning by the suspension of the Corry National Bank. The news spread quickly and created great surprise and excitement, as it was believed to be perfectly sound. Inquiry revealed the fact that the bank had been closed by the order of th bank examiner. The bank's president 18 T. A. Alien and the cashier Clarence Harmon. The capital stock is $100,000 the surplus $16,500. and the und vided profits $7650. The deposits are close to $500,000. The failure 18 due almost entirely to the fact that the bank has been carrying a large amount of paper for business nien in this section and in the lumber country who have been unable to meet their obligations.

10. November 10, 1891 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, November 10, 1891

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t CONDENSED NEWS. The reported serious illness of Jay Gould is positively denied at his residence in New York. The Cory National bank in Cory. Pa., has suspended and a bank examiner is in charge. In Richmond, Ind., B. Arnold, cloaks, notions, etc., has assigned. Liabilities, $34,000; assets, $25,000. At Yonkers, N. Y., the Moquet Carpet mills shut down yestesday. Nearly 3,000 hands are thrown out of employment. Comptroller Lacey, in Boston, denies that any more national banks in Boston are in trouble. If such was the case he would know it. Committee on awards of the Chicago exposition has decided to ask congress for $800,000 to pay for medals and premiums awarded. Vacaville, Cal., yesterday shipped a special train of fifteen cars loaded with dried fruit to Chicago. The shipment is valued at over $30,000. Anonymous letter affecting the credit of the First National bank, of Chicago, has excited some indignation among bankers. The bank is pronounced sound. At Duluth nearly 100 vessels, with capacity of 6,000,000 bushels, are chartered to carry out grain. Rates have increased from 4 to 7 cents & bushel to Buffalo. In Boston Sigmund Sommerfield and in son, partners Felix, attempted the bank suicide. of Friedlander They are & Sommerfield. Sensational disclosures are anticipated. The Edgemoor Barley land syndicate of Chicago has purchased 250,000 acres of land in North Dakota on which a colony of German farmers will be placed to raise barley for malt purposes. Superior court of Evansville, Ind., has awarded William H. Christie $14,270 damages against the Louisville, Evansville & St. Louis railroad. The railread discriminated against him in rates. A runaway cattle train ran into New Albany, Ind., at a rate of a mile a minute. It wrecked three locomotives and a train of cars and seriously injured two men. Three notorious mail-box robbers named Charles Diamond, Charles Stratton and Thomas Bacon have been captured in Atlanta. Their robberies in various cities exceed $100,000. Simmons Liver Regulator has never failed to relieve costiveness, and blind or

11. November 10, 1891 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, November 10, 1891

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The Corry Bank Failure. ERIE, Pa., Nov 10.-The reports in connection with the Corry National Bank failure are that the liabilities are about $800,000 instead of $450,000 as were estimated. The reports of two prominent lumber firms in Corry making assignments are without foundation. President Allen and Cashier Hermon are both seriously ill from nervous prostration. A receiver will be appointed as soon as Bank Examiner Miller makes his report. The only new judgment entered until to-day is one by L. L. Bliss, guardian against Cashier Hermon for $12,000.

12. November 11, 1891 Wheeling Register Wheeling, WV
Article from Wheeling Register, November 11, 1891

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What Mr. Lacey Says. WASHINGTON, D. C., November 10.-Mr. Lacey, comptroller of the currency, returned to Washington to-day, from Boston, and says: "The Corry National Bank, of Corry, Pa., is in a bad condition and a receiver will be appointed in a few days to wind up its affairs."

13. November 11, 1891 New-York Tribune New York, NY
Article from New-York Tribune, November 11, 1891

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THE MAVERICK BANK TROUBLE. AN ALLEGED LOAN TO A FORMER DIRECTOR WHICH IS NOW ALMOST WORTHLESS WHAT THE LOSS IS LIKELY TO BE. Boston, Nov. 10 (Special).-The Maverick National Bank did not open for adjustment of accounts to-day. Receiver Beal says: "The bank will be open for adjustment of its business at the earliest possible moment. but I am not yet ready to name the day." It is said that among the assets of the bank is a loan to a former director, now dead, for $80,000, which has back of it collateral worth in the present market only few dollars. It is believed that this is the first time, in the history of the National Bank act when a confidential report of the United States Bank Examiner to the Controller has been submitted to inspection outside the Controller's office. Mr. Hutchins. of Hutchins & Wheeler. has been the counsel of the Clearing House Committee all through this matter, and it was he who went to Washington and demanded a copy of Mr. Magruder's report. He got it though such a thing was unprecedented. and for several days and nights in the top of the Sears Building the bank presidents constituting the Clearing House Committee examined the assets of the Maverick Bank. They were astonished at the faithfulness of Mr. Magruder's report. They reached the conclusion that the bank's assets had been impaired by $2,000,000. When at the close of the investigation the committee confronted Mr. Potter with the three directors' borrowings, aggregating $2,600,000, Mr. Potter declared there had been some mistake, and he did not believe the sum could have been SO large. Offers of assistance of $500,000 which were made to the bank were not availed of, because the committee believed that $1,000,000 would not set the bank right, and it was better to stop with large available resources rather than to jeopardize creditors by allowing the institution to continue further. Had the committee failed to secure the copy of Mr. Magruder's report they would, under the by-laws of the Clearing House, have demanded an investigation, and failing to have received a favorable response would have dropped the bank from the Clearing House Association. Controller Lacey said last night that the chances of the depositors were extremely good, for a much larger dividend would be paid than was at first expected. It is believed that the estates of the directors and their collaterals will realize to the bank nearly $1,500,000. If upon the total borrowings of Evans and the directors, amounting to $4,200,000, only $1,500,000 is realized and $1,700,000 is lost, this loss eats into the assets of the bank by only $500,000 beyond the capital and surplus. It is probable that little more than $100,000 can be collected by an assessment upon the stockholders, and there will be some losses in the general liquidation as well as some expense, SO that altogether at least $1,000,000 of loss can be looked for. As borrowers having deposits will offset the deposit against their loans, thus practically becoming preferred creditors, and as some shrinkage in the two bond accounts of the assets of the bank may be expected, the loss to fall upon the unsecured creditors may be roughly reckoned at $1,000,000. But if this loss was borne by $4,000,000 of unsecured deposits, or about one-half the total deposits, the greatest sufferers would still get 75 cents on the dollar. Washington, Nov. 10.-Mr. Lacey, Controller of the Currency, returned to Washington to-day from Boston, He said that the National banks there, with the single exception of the Maverick, were in good condition, and that there was no prospect of any further trouble. In his opinion the creditors of the Maverick Bank will receive at least 85 cents on the dollar. He said also that the Damariscotta National Bank would probably be able to resume business in a short time. The Corry National Bank, of Corry, Penn., is in a bad condition, and a receiver will be appointed in a few days to wind up its affairs.

14. November 11, 1891 The Sun New York, NY
Article from The Sun, November 11, 1891

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The Comptroller and the Suspended Banks, ASHINGTON, Nov. 10.-Mr. Lacey. Comptroller of the Currency. returned to Washington to-day from Boston. He said that the national banks there. with the single exception of the Maverick, were in good condition. and that there was no prospect of any further trouble. In his opinion the creditors of the Maverick Bank would receive at least eightyfive cents on the dollar. He said. also, that the Damariscotta National Bank would probably be able to resume business in a short time. The Corry National Bank of Corry. Pa., is in a bad condition. and a receiver will be appointed in a few days to wind up its affairs. BOSTON, Nov. 10.-The Maverick National Bank will not be open for the adjustment of accounts to-day. as had been announced. Receiver Beal says: "The bank will be open for the adjustment of its business at the earliest possible moment, but I am not yet ready to name the day." It is said that among the assets of the bank is a loan of $80,000 to a former director. since dead. which has back of it collateral worth in the present market but a few dollars.

15. November 12, 1891 Pittsburg Dispatch Pittsburgh, PA
Article from Pittsburg Dispatch, November 12, 1891

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SYMPATHY FOR THE CORRY BANK. I Depositors Ask Comptroller Lacey Not to Appoint a Receiver Just Yet. CORRY, Nov. 11.-[Special.]-At a large meeting of depositors of the Corry National Bank to-night, a strong feeling of sympathy and confidence in the Band was expressed in speeches by many of the heaviest depositors. A resolution was adopted unanimously to appoint a committee of 11, representing depositors of Corry and the surrounding towns, to see what can be done toward raising funds and obtaining extensions from creditors and depositors, with a view of reopening the bank for business. A resolution was also unanimously adopted, requesting Cougressman Griswold and Comptroller Lacey to delay the appointment of a receiver for a reasonable time, to see what the committee can do. The President and Secretary of the meeting were instructed to notify the Congressman and Controllor of the action of the depositors.

16. November 14, 1891 Pittsburg Dispatch Pittsburgh, PA
Article from Pittsburg Dispatch, November 14, 1891

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CORRY DEPOSITORS ARE HOPEFUL Still No Official Report as to the Defunct Bank's Condition. CORRY, Nov. 13.-[Special.] - The committee appointed at the meeting of depositors of the Corry National Bank last Wednesday evening met the directors this afternoon. A large proportion of the stock was represented. After considerable consultation as to the reopening of the bank and making good the impaired stock an adjournment was taken until Tuesday, when the final decision will be reached. A special from Washington savs Comptroller Lacy has not received an official report of the affairs from Examiner Miller, but from information received from other sources is led to believe that the bank's condition is excellent. If the Examiner's report, which was finished to-day and forwarded to Washington, sustains this view the bank may be able to resume. It was reported should it be necessary to appoint a receiver, that the Comptroller has emphatically stated that he does not believe it good policy to appoint to the receivership of the defunet bank a citizen of the same place. It is understood that Representatives Griswold, of the Twenty-sixth district, and Stone, of the Twenty-seventh, each have an application.

17. November 21, 1891 Mineral Point Tribune Mineral Point, WI
Article from Mineral Point Tribune, November 21, 1891

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THE LATEST NEWS. GENERAL NOTES. MISS FRANCES E. WILLARD has been re-elected president of the World's W. C. T.U. COMANCHE, the horse that survived the Custer massacre, died of old age at Fort Riley. A HAMPTON CORNERS (N. Y.) man loaned 86,000 ON an alleged $10,000 gold brick, worth about 81. C. B. PAUL, wholesale lumber dealer of Louisville. Ky., assigned Tuesday, with liabilities $200,000. THE United States is the first nation in the history of the world to have three cities of over one million inhabitants each. A PROMINENT citizen of Deadwood, S. D., is in prison in Germany, charged with having deserted from the kaiser's army. THE Mexican government will be asked to drive out the Guatemalan revolutionists who are making their headquarters in its territory. SATURDAY'S New York bank statement shows an increase in reserves of $2,467,000. TESTS by the navy department prove that the armor plates made in this country are the best in the world. THE premier of Quebec is charged by a Montreal paper with receiving $115,000 from the contractor who built the Quebec court house. ON Sunday, Rev. Zacariah Eddy, the well known Congregationalist, died at Detroit, Mich., aged seventy-six years. GARZA, the Mexican revolutionist. recently repulsed a force of several hundred troops sent to capture him. Garza's force numbered one hundred men. TRUNKS found on the scooner Marc Victoria, wrecked in 1864, are proved to be the property of Booth, the assassin of President Lincoln. MARIE A. STRELINGER, the wife of M. B. Curtis, the actor. has sold the Peralta hotel property at North Berkeley, Cal., for $125,000, and will devote the proceeds in an endeavor to save her husband from the gallows. THE chief of the bureau of statistics reports that the total value of the exports of domestic mineral oils from the United States during the month of October, 1881, was $3,840,101. OBITUARY: At Newark, Mo., ex-Congressman John M Glover. aged 72; at Dubuque, Iowa, John Moore; at Fairbury, III., Mrs. Jeremiah McKee, aged 68. THE commission on the Minnesota capi tol met in St. Panl and decided that the state should have a new capitol of granite upon the site of the present building. THE firm of Cooper, Hewitt & Co., have sold their iron works and mines in New Jersey to an English syndicate for $5,000,000. THE engineers and firemen on the St. Louis Belt Line are out on (a strike. The trouble will probably extend to other roads. OFFICERS of the Irish National League of America issue an address advising Irishmen to stop fighting and do a little work for the cause. IT is estimated by the commissioner of international revenue that $10,000,000 will be required to pay the sugar bounties due on this year's yield. THE United States minister to Italy, Albert G. Porter, has been bastily called home to confer with the government regarding the New Orleans Maffla affair. THE credentials of Senor Montt, the Chilian minister, have arrived. It is not known at the state department when the minister will be presented to the president. THE du ies heretofore performed by the United States steamer Dispatch as a "dispatch vessel" will hereafter be allotted to the United States steamer Dolphin. lately returned from the China station and now being repaired at the Norfolk navy yard. MR. LACEY, comptroller of the currency, returned to Washington Tuesday from Boston and says: "The Corey National bank of Corey, Pa., is in a bad condition and a receiver will be appointed in a few days to wind up its affairs." BISHOP MERRILL, of the Methodist church, is seriously ill in Chicago. An abscess has formed in the abdominal region and a difficult surgical operation will be necessary to save his life. THE Rankin Catholic Manufacturing

18. January 9, 1892 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, January 9, 1892

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BUSINESS FAILURES. Jan. 13-E. H. Amidon, dry goods dealer, New York: $697,766. Jan. 16-Stoneboro savings bank and Sandy Lake savings bank, both of Pennsylvania. Jan. 19-American national bank, Kansas City. Mo.: $2,000,000. Jan. 20- State bank of Cawker City, Bank of Downs and Glen Elder bank of Glen Eider, all of Kansas, suspended. Jan. 21-Kawaka City (Kan.) state bank. Jan. 26-Savings bank of Wichita, Kan.; $81,000. Feb. 5-First Arkansas Valley bank, Wichits, Kan.; $120,000. Feb. 12-First national and North Middlesex savings bank, Ayer, Mass. Feb. 19-John D. Knox & Co., private bankers, Topeka, Kan.: $340,000 Union Investment Company, Kansas City; $1,000,000. Feb. 25-Windsor national bank, Windsor, Vt. Mar. 19-J. & A. Simpkinson, boot and shoe manufacturers, Cincinnati; $400.000. United States savings bank, Topeka, Kan., $330,000. Mar. 20-Theodore Schwartz & Co., private bankers, Louisville, Ky.; $500,000. Mar. 24-Washingt n national bank, New York Schall & Downer, bankers. York, Pa. Apr. 2-The John McNabb bank, Eufaula, Ala. Apr. 4-Columbia Iron & Steel Company and Pennsylvania Construction Company, Uniontown, Pa; $1,000,000. May 7-Bank of Allen county at Scottsville, Ky. May 9-Spring Garden national bank. Philadelphia. May 15-People's bank at Knoxville, Tenn. May 22-Hills Shot Company at Memphis, Tenn., $600,000. May 26-Potter, White & Bailey, shoe manufacturers at Boston: $1,000,000. May 27-John Ryan's Sons, wholesale dry g oods, Atlanta, Ga.: $1,000,000. June 4-The City national bank at Marshall, Mich. June 5 - Connell, Hall, McLaster & Co., wholesale dry goods, Nashville, Tenn.; $500,000 The Huntington (Ind.) bank. June 13-Central national bank, Broken Bow, Neb. June 10-Sevill Scofield, woolen manufacturer at Manayunk, Pa.: $800,000. June23-The Florence national bank, Florence, Ala., and Sax Brothers' savings bank, Nashville, Tenn. July 7-Moses Bros., bankers, Montgomery, Ala; $500,000. July 8-Bank of Commerce, Sheffield, Ala. July 14-E. C. Stark, banker at Oneida, N. Y.; $220,000. July 16-Spooner R. Howell & Co., lumber dealers, Chicago, and other cities; $2,000,000. July 17-First national bank, Wyandotte, Kan. $1,000,000. July 18-First national bank, Palatka, Fla.; $200,000 Bonneil & Co., printer's ink manufacturers, New York, $100,000. July 21-Central bank of Kansas at Kansas City, Kan.: $100,000 Merchants' national bank, Fort Worth, Tex.: $500,000. July 23-Citizens' bank of Jefferson, Tex.; $100,000. Aug. 4-Abraham Backer, dry goods commission, New York; $4,000,000 Samuel Hano, real estate dealer, Allston, Mass.; $500,000. Aug. 8-Masonic savings bank, Louisville, Ky.; $1,000,000. Aug. 19-Johnston, Tallman & Co., flreworks importers, New York city: $600,000. Sep. 23-S. V. White & Co., New York, commission merchants. $2,000,000. Sep. 30-F. B. Wallace & Co., New York, brokers; $390.000. Oct. 1-First national bank at Clearfield Pa... Chrisman (111.) bank: $100,000. Oct. 3-Turner & Bro., Boston bankers; $300,000. Oct. 5-Ulster county savings' institution, Kingston, N. Y., robbed by officials of $463,000. Oct. 16-State bank at Gritna, Neb. Oct. 17-The Columbia bank and the Bank of Columbia, at Nashville, Tenn. Oct. 23-Bank of Lewisburg, Tenn. $80,000. Nov. 2-Maverick national bank of Boston, suspended; liabilities, $10,000,000. Nov. 7-The Cochrane-Fulton Company, distillers, at Louisvil.e, Ky.; liabilities, $500,000 Bank of Fiorence, Aia.; $100,000. Nov. 7-The Corry (Pa.) national bank closed its doors: $700,000. Nov. 13-California national bank at Santiago, Cal. Nov. 14-Bonner & Bonner, bankers at Tyler, Tex.; $500,000. Nov. 25-Farmers' and Miners' Deposit bank, Irwin, Pa First national bank, Wilmington, N. C. Nov. 28-Field, Lindley, Wicchers & Co., bankers and brokers of New York, $1,000,000. Dec. 22-Private banks at Waynesboro, Warrentown and New Market, Va., closed their doors Thomas H. Allen & Co., cotton dealera, Memphis, Tenn.; $544,932. Dec. 23-Bank of Greenville, Greenville, Miss : $1,000,000.

19. January 15, 1892 The Iola Register Iola, KS
Article from The Iola Register, January 15, 1892

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0000 bank, Lake Jan. savings 19-American national bank, Kansas City, Mo.: $2,000,000. Jan. 20- State bank of Cawker City, Bank of Downs and Glen Elder bank of Glen Eder. all of Kansas, suspended. Jan. 21-Kawaka City (Kan.) state bank. Jan. 26-Savings bank of Wichita, Kan.; $81,000. Jan. 20-Winona Paper Company, Holyoke, Mass.: $600,000. Feb. 5-First Arkansas Valley bank, Wich1ta, Kan.: $120,000. Feb. 12-First national and North Middlesex savings bank, Ayer, Mass. Feb. 19-John D. Knox & Co., private bankers, Topeka,Kan.: $340,000 Union Investment Company, Kansas City; $1,000,000. Feb. 25-Windsor national bank, Windsor, Vt. I Mar. 11-Dudley Hall & Co., tea importers, Boston: $400,000. Mar. 19-J. & A. Simpkinson, boot and shoe manufacturers, Cincinnati; $400.000 United States savings bank, Topeka, Kau., $350,000. Mar. 0-Theodore Schwartz & Co., private bankers, Louisville, Ky.; $500,000. Mar. 24-Washingt n national bank. New York Schall & Downer, bankers. York. Pa. Mar. 26-Warren Lumber Company, Texas; $500,000. Apr. 2-The John McNabb bank, Eufaula, Ala. Apr. 4-Columbia Iron & Steel Company and Pennsylvania Construction Company, Uniontown. Pa; $1.000,000. Apr. 11-Baumgardner, Eberman & Co., coal and lumber, Lancaster, Pa.: $400 000 May 7-Bank of Allen county at Scottsville, Ky. May 9-Spring Garden national bank. Philadelphia. May 15-People's bank at Knoxville, Tenn. May 22-Hills Shot Company at Memphis, Tenn., $600,000. May 26-Potter, White & Bailey. shoe manufacturers at Boston: $1,000,000. May 27-John Ryan's Sons, wholesale dry goods, Atlanta, Ga.: $1,000,000. May 31-J. G. Fowler, sugar importer, New York, $500,000. June 4-The City national bank at Marshall, Mich. June Connell, Hall, McLaster & Co., wholesale dry goods, Nashville, Tenn.; $500,000 ....The Huntington (Ind.) bank. June 13-Central national bank, Broken Bow, Neb. June 16-Sevill Scofield, woolen manufacturer at Manayunk, Pa.: $800,000. June 23-The Florence national bank, Florence, Ala., and Sax Brothers' savings bank, Nashville, Tenn. June 24-Ailey Bros. & Place, Boston leather dealers: $500,000. July Moses Bros., bankers, Montgomery, Ala.: $500,000. July 8-Bank of Commerce, Sheffield, Ala. July 25-Columbian Oil Co., Chicago: $500,000. July 14-E. C. Stark, banker at Oneida, N. Y.; $220,000. July 16-Spooner R. Howell & Co., lumber dealers, Chicago, and other cities; $2,000,000. July 17-First national bank, Wyandotte, Kan. $1,000,000. July 18-First national bank, Palatka, Fla.: $200,000 Bonnell & Co., printer's ink manufacturers, New York, $400,000. July 21--Central bank of Kansas at Kansas City, Kan.: $100,000 Merchants' national bank, Fort Worth, Tex.: $500,000. July 23-Citizens' bank of Jefferson, Tex.; $100,000. Aug. 4-Abraham Backer, dry goods commission, New York; $4,000,000 Samuel Hano, real estate dealer, Allston, Mass.; $500,000. Aug. 8-Masonic savings bank, Louisville, Ky.: $1,000,000. Aug. 19 -Johnston, Tallman & Co., fireworks importers, New York city; $600,000. Sep 2-James A. Chambers, window glass manufacturing, Pittsburgh, Pa.: $500.000. Sep. 23-S. V. White.& Co., New York, commission merchants. $2,000,000. Sep. 30-F. B. Wallace & Co., New York, brokers: $690.000. Oct. 1-First national bank at Clearfield Pa.. Chrisman (111.) bank: $100,000. Oct. S-Turner & Bro., Boston bankers; $300,000 vet. 5-Ulster county savings' institution. Kingston, N. Y., robbed by officials of $463,000. Oct. 16-State bank at Gritna, Neb. Oct. 17-Tne Columbia bank and the Bank of Columbia, at Nashville, Tenn. Oct. 23-Bank of Lewisburg, Tenn.: $80,000. Nov. t-Maverick national bank of Boston, suspended: liabilities, $10,000,000. Nov. 6-Weiss Bros., wholesale dry goods, Galveston. Tex., failed for 84 10,000. Nov. 7-The Cochrane-Fulton Company, distillers. at Louisville, Ky.; liabilities, $500,000 Bank of Florence, Ala.; $100,000. Nov. 7-The Corry (Pa.) national bank closed its doors: $700,000. Nov. 13-California national bank at Santiago, Cal. Nov. 14-Bonner & Bonner, bankers at Tyler, Tex.: $500,000. Nov. 25-Farmers' and Miners' Deposit bank, Irwin. Pa.... First national bank, Wilming.

20. May 13, 1892 Pittsburg Dispatch Pittsburgh, PA
Article from Pittsburg Dispatch, May 13, 1892

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Corry Depositors Getting Their Pay. CORRY, May 12.-[Special.]-The Comptroller of the Currency has just ordered Receiver J. W. Sproul, of the Corry National Bank, to pay another dividend of 10 per cent, making 40 per cent in all. Hon. Manley Crosby, Receiver of the First National Bank, is now paying a final dividend of 23/4 per cent. This is the fifth dividend, in all amounting to 928/4 per cent.