5724. Commercial Bank (Hagerstown, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
July 3, 1905
Location
Hagerstown, Indiana (39.911, -85.162)

Metadata

Model
gpt-5-mini
Short Digest
89999dc4

Response Measures

None

Description

Multiple contemporary articles (July 1905) state the Commercial Bank of Hagerstown will not reopen after an examination disclosed deficient assets and confused books following cashier John Bowman's suicide (July 3, 1905). A receiver (J. A. Spekenhier) is later reported. No run is mentioned; this is a suspension that resulted in permanent closure and receivership due to bank-specific malfeasance/embezzlement.

Events (3)

1. July 3, 1905 Other
Newspaper Excerpt
The cashier, John Bowman, committed suicide July 3 (article text).
Source
newspapers
2. July 6, 1905 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Examination found deficiency of assets and confused books after the cashier's suicide; embezzlement is later reported in investigations and receiver filings. (Articles cite missing funds ~ $100,000+).
Newspaper Excerpt
President Mason ... issued a statement that the bank would not again open for business; examination disclosed a deficiency of assets and a confused condition of the books.
Source
newspapers
3. July 21, 1905 Receivership
Newspaper Excerpt
A statement issued today by J. A. Spekinhier, receiver of the Commercial bank at Hagerstown, shows total assets of $108,914.
Source
newspapers

Newspaper Articles (19)

Article from Evening Star, July 6, 1905

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Article Text

BANK NOT TO RESUME. Commercial Institution at Hagerstown to Close Its Business. HAGERSTOWN, Ind., July 6.-President Mason of the Commercial Bank today issued a statement that the bank would not again open for business, and it is expected a receiver will be named. Mr. Mason said an examination of the bank's affairs has disclosed a deficiency of assets and a confused condition of the books. The cashier, John Bowman, committed suicide July 3. The bank was a private institution, owned by Mr. Bowman and Mr. Mason as partners, the business having been transacted entirely by the late cashler. The deposits were $100,000.


Article from The Topeka State Journal, July 6, 1905

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Article Text

BANK CLOSES. Suspension Follows Suicide of the Cashier Last Monday. Hagerstown, Ind., July 6.-President Mason of the Commercial bank today issued a statement that the bank would not again open for business and it is expected a receiver will be named. Mr. Mason said an examination of the bank had disclosed a deficit of assets and a confused condition of the books. John Bowman, the cashier, committed suicide July 3. The bank was a private institution, owned by Mr. Bowman and Mr. Mason as partners, the business having been transacted entirely by the late cashier. The deposits were $100,000.


Article from Deseret Evening News, July 6, 1905

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Article Text

Indiana Bank Fails Hagerstown. Ind., July 6.-President Mason, of the Commercial bank today issued a statement that the bank would not again open for business and it is expected a receiver will be named. Mr. Mason said nn examination of the bank's affairs had disclosed n deficiency of assets and a confused condition of the books. John Bowman, the cashier. committed suicide July 3. The bank was/a private institution, owned by Mr. Bowman and Mr. Mason as partners, the business having been transacted one tirely by the late cashier. The deposits were $100,000.


Article from Bismarck Daily Tribune, July 7, 1905

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Article Text

PRIVATE BANK SUSPENDS. I Cashier of Institution Committed Suicide July 3. Hagerstown, Ind., July 7.-President Mason of the Commercial bank has issued a statement that the bank would not again open for business and it is expected a receiver will be named. Mr. Mason said an examination of the bank's affairs had disclosed a deficiency of assets and a confused condition of the books. The cashier, John Bowman, committed suicide July 3. The bank was a private institution owned by Mr. Bowman and Mr. Mason as partners, the business having been transacted entirely by the late cashier. The deposits were $100,000.


Article from The Bemidji Daily Pioneer, July 7, 1905

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Article Text

PRIVATE BANK SUSPENDS. Cashier of Institution Committed Suicide July 3. Hagerstown, Ind., July 7.-President Mason of the Commercial bank has issued a statement that the bank would not again open for business and it is expected a receiver will be named. Mr. Mason said an examination of the bank's affairs had disclosed a deficiency of assets and a confused condition of the books. The cashier, John Bowman, committed suicide July 3. The bank was a private institution owned by Mr. Bowman and Mr. Mason as partners, the business having been transacted entirely by the late cashier. The deposits were $100,000.


Article from The Madison Daily Leader, July 7, 1905

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Article Text

PRIVATE BANK SUSPENDS. Cashier of Institution Committed Suicide July 3. Hagerstown, Ind., July 7.-President Mason of the Commercial bank has issued a statement that the bank would not again open for business and it is expected a receiver will be named. Mr. Mason said an examination of the bank's affairs had disclosed a deficiency of assets and a confused condition of the books. The cashier, John Bowman, committed suicide July 3. The bank was a private institution owned by Mr. Bowman and Mr. Mason as partners, the business having been transacted entirely by the late cash1er. The deposits were $100,000.


Article from Omaha Daily Bee, July 7, 1905

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Article Text

Indiana Bank Fails. HAGERSTOWN, Ind., July 6.-President Mason of the Commercial bank today issued a statement that the bank would not again open for business, and it is expected a receiver will be named. Mr. Mason said an examination of the bank's affairs had disclosed a deficiency of assets and a confused condition of the books. John Bowman, the cashier, committed suicide July 3. The bank was a private institution owned by Mr. Bowman and Mr. Mason as partners, the business having been transacted entirely by the late cashier. The deposits were $100,000.


Article from Gainesville Daily Sun, July 8, 1905

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Article Text

Maryland Bank Closes Its Door. Hagerstown, Ind., July 7.-President Mason, of the Commercial bank. to day issued a statement that the bank would not again open for business and it is expected that a receiver will be named. Mr. Mason said an examina. tion of the bank's affairs had disclosed a deficiency of assets and a onfused condition of the books The cashier John Bowman committed sucide July 3.- The bank was a private institution owned by Mr. Bowman and Mason as partners, the business being transact ed entirely by the former.


Article from The Lehi Banner, July 13, 1905

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Article Text

Cashier Committed Suicide. Hagerstown, Ind.-President Mason of the Commercial bank on Thursday issued a statement that the bank would not again open for business, and it is expected a receiver will be named. Mr. Mason said an examination of the bank's affairs had disclosed a deficiency of assets and a confused condition of the books. John Bowman, the cashier, committed suicide July 3. The bank was a private institution, owned by Mr. Bowman and Mr. Mason as partners.


Article from The Idaho Republican, July 14, 1905

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Article Text

Cashier Committed Suicide. Hagerstown, Ind.-President Mason of the Commercial bank on Thursday issued a statement that the bank would not again open for business, and it is expected a receiver will be named. Mr. Mason said an examination of the bank's affairs had disclosed a deficiency of assets and a confused condition of the books. John Bowman, the cashier, committed suicide July 3. The bank was a private institution, owned by Mr. Bowman and Mr. Mason as partners.


Article from Evening Times-Republican, July 18, 1905

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Article Text

$100,000 GONE; NO CLEW FOUND. Deep Mystery Makes Hagerstown, Ind., Bank Failure Remarkable. Richmond, Ind., Puly 18.-The utter lack of evidence tending to show to what John Bowman, who killed himself recently, did with the $100,000 and more cannot that cannot be accounted for by the receiver of the Commercial bank at Hagerstown serves to place this bank failure among the most remarkable ever known. In every other case known there was something left to indicate the way the money had been spent. From present indications nothing will ever be discovered to reveal what Bowman did with the missing funds.


Article from Custer County Republican, July 20, 1905

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Article Text

News in Brief William A. Wheeler, president of the council of New York university, died in New York. Martial law was abolished over the whole of Formosa and the Pecadores islands, says a dispatch from Tokio. The Philippine commission has passed an act granting Sabin Glass of San Franc'sco a franchise to construct telephone and telegraph systems throughout the islands. The correspondent of the London Daily Mail at Geneva says that several persons have been killed or injured by violent thunderstorms which prevailed throughout Switzerland. Fire at Antioch. Cal., destroyed J. Lindenburger & Co.'s salmon cannery, cold storage plant, 600 barrels of canned salmon, twenty fishing boats and one launch. Loss, $150,000. Charles F. Wells, vice president of the National Lead and Oil company of Pennsylvania, has been killed and his daughter, Clara, injured in a runaway accident at Beaver Falls, Pa. At Hagerstown, Ind., President Mason of the Commercial bank issued a statement that the bank wwould not again open for business, and it is expected a receiver will be named. John L. Flynn of Mississippi, after a desperate but unsuccessful attempt to kill his bride at New Orleans, has committed suicide. Mrs. Flynn was a daughter of C. F. Hudson of Greeley, Col. President Roosevelt has approved the issue of $600,000 of bonds by the treasury of Hawaii to refund the gold bonds of the republic of Hawaii, issued under an act of the legislature of June 13, 1896. The League of American Travelers. a national organization which has for its object the security of concessions from railroads on mileage and other questions, was launched at Cincinnati, Sunday. Rear Admiral W. H. Whiting, having served for forty-two years in the United States navy, will relinquish command of the naval training station at San Francisco and be placed on the retired list. Charles Henry Treat, who became United States treasurer several days Robert JO descripatin difeet B s1 '0.38 Treat, who for thirty-two years was deputy and royal governor of the colony of Connecticut. A telegram has been received by the Harvard college observatory from Prof. Lowell at Flagstaff, Ariz., statuo projection B SUM there that Sup terminator Mars on Sunday near Propontis position angle 19 degrees. It is announced that Albert T. Patrick who is awaiting execution for the murder of William Marsh Rice, the Texas multi-millionaire, has instructed his take 01 IIIH 'Я PLACE siq case to the United States supreme court. In a battle at St. Louis between five negroes, believed to be highwaymen, and four police officers one negro was killed, another probably fatally wounded and a third was shot through the left arm. None of the officers were inJured. J. P. O'Brien has been formally elected vice president and general manager of the Oregon Railway and Navigation company at a meeting of directors held in Portland, Ore., vice B. A. Worthing, whose resignation was accepted. Cardinal Richelmy has instituted a movement to secure funds for the erection of a monument to Christopher Columbus in the neighborhood of St. Peter's, Rome, to commemorate the -AÓOSID 180.18 the JO authorisary 44044 orer's death. The Canadian Pacific Railroad company, which recently purchased the Esquimalt & Uanimo railway, announces that survey parties would at once be placed in the field, looking to the extension of the line to the north of Vacouver island. In the case of the state of Minnesota against Congressman C. B. Buckman to recover $70,000 for alleged illegal timber cutting, the supreme court has decided against the state, finding that the state's claim had been outlawed. "OO 28 IO шлр brokerage euro Chicago, have suspended business. The whereabouts of S. L. Frazer, the active member of the firm, is unknown. Thomas Medill, an associate, has cured a warrant for Frazer's arrest, charging embezziement. At Cheyenne, Wyo., Judge Scott de cided against Colonel J. H. Pratt of Omaha in the celebrated Pratt-Leiter suit, holding that the partition of the property of the company in that state valued at over $500,000, as made by the commission appointed by the court was just and equitable and mus stand. The cartmen's union has decided Join the longshoremen in a sympa thetic strike at San Juan, P. I. Western contractors, Nebraska, IIII nois, Minnesota and others, are figur ing upon contracts for building the Western Pacific road. the Gould


Article from Omaha Daily Bee, July 22, 1905

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Article Text

Failed Bank's Statement. RICHMOND, Ind., July 21.-A statement issued today by J. A. Spekinhier, receiver of the Commercial bank at Hagerstown, shows total assests of $108,914. It is estimated that there should be a 25 per cent shrinkage in this.


Article from The Plymouth Tribune, August 24, 1905

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Article Text

Mason Gives Estate to Creditors. B. F. Mason, president of the defunct Commercial bank at Hagerstown, Ind., has assigned his entire estate over to the receiver of the bank. Although he was in no way responsible for the wrecking of the bank, he is the greatest sufferer as a consequence.


Article from Evening Star, August 26, 1905

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Article Text

Bank Creditors' Prospects. RICHMOND, Ind., August 26.-J. K. Spekenhier, receiver of the defunct Commercial Bank at Hagerstown, Ind., announced today that the creditors of the bank probably will realize 33½ per cent. The grand jury is still investigating the method by which the bank lost its funds.


Article from The Richmond Palladium, March 26, 1906

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SECOND DIVIDEND COMING Creditors of Hagerstown Defunct Commercial Bank Receive Good News From the Receiver. The creditors of the defunct Commercial Bank at Hagerstown have received the glad tidings that a second dividend is to be declared, this time the amount to be equal to 10 per cent on the deposits. A previous dividend of 20 per cent was declared some months ago. Receiver Spekenheier has announced that the second dividend will be paid April 1. The Wayne Circuit Court has been formally asked to approve the report and order the dividend.


Article from The Richmond Palladium, June 19, 1906

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Article Text

FILES BIG CLAIM FOR DEPOSITORS Asks Receiver Spekenhier Bowman Estate to Pay Total of $106,137.87. HAS $17,000 NOW ON HAND THIRTY PER CENT HAS ALREADY BEEN ALLOWED ON CLAIMS AND MORE SETTLEMENTS WILL BE MADE LATER. J. A. Spekenhier, receiver of the firm of Wyatt, Allen & Co., yesterday filed a claim against the estate of the late John Bowman, and against Hugh Allen, administrator of the estate, for $106,137.87, as the amount now due the depositors of the defunct Commercial Bank, of Hagerstown. It is now almost a year since Bowman killed himself immediately before the investigations of the affairs of the bank led to the fact that he was an embezzler to the extent of about $200,000. During the past year, Receiver Spekenhier has paid the depositors 30 per cent on their claims, and there still remains a little less than $17,000 with which to pay the claims of $106,000, which he filed yesterday. Out of this ,some money must be paid to those holding claims against the estate, awarded by the court, but these people will receive the same amount, pro rata, as the depositors. As soon as some of the notes held by the estate fall due, it is thought that another percentage on the claims will be declared. and the whole case ended.


Article from The Richmond Palladium, June 21, 1906

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Article Text

STUDY FILES DEMURRER REPRESENTS HUGH ALLEN Holds that Receiver Spekenhier Has No Right to Sue Estate of John Bowman on Behalf of Depositors of Defunct Bank. A demurrer to the complaint filed Monday by Receiver Spekenhier, of the defunct Commercial Bank, of Hagerstown, was filed yesterday by Attorney Thoams J. Study, representing Hugh Allen, administrator of the estate of the late John Bowman, against whom the claim of the depositors was filed. In his claim, Receiver Spekenhier says that there is now owing the depositors of the bank, a sum of $106,137.87, by the estate of the late John Bowman, as the money which Bowman appropriated to his own use when he was cashier of the institution. The demurrer is filed on two grounds-first, it alleges that the complaint does not state facts sufficient to constitute a course of action, and second, it says that the plaintiff in the claim, has no legal capacity to sue. The demurrer will be acted on in Circuit Court this morning. Robbins & Starr represent Spekenhier.


Article from The Richmond Palladium, November 14, 1906

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Article Text

The case of J. A. Spekenheir, receiver of the Commercial Bank at Hagerstown, against the estate of John Bowman, will be called in the Wayne circuit court on Saturday.