First National Bank - Lafayette, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 23
Charter Number: 2717
Start Date: December 6, 1877
Location: Lafayette, Indiana (40.417, -86.875)

Metadata

Model: gpt-5-mini
Short Digest: bbd76803

Response Measures

None

Description

Newspaper (Dec 6, 1877) reports the cashier stole $57,000 and 'the Bank has suspended.' Article does not describe a run or reopening; because the suspension is described in connection with a large embezzlement it likely led to permanent failure — outcome not explicitly stated in the clipping, so closure classification is chosen with some uncertainty.

Events (4)

1. July 1, 1863 Chartered

Source: historical_nic

2. December 6, 1877 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Cashier stole $57,000 (embezzlement), prompting suspension.
Newspaper Excerpt: THE cashier of the First National Bank of Lafayette, Ind., stole $57,000, and the Bank has suspended.
Source: newspapers

3. June 1, 1882 Chartered

Source: historical_nic

4. February 18, 1918 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. December 6, 1877 The Manitowoc Tribune Manitowoc, WI

Article from The Manitowoc Tribune, December 6, 1877

Click image to open full size in new tab

Article Text

SINGULAR as it may seem to the Republican politicians, the people actually like to see a President with a mind of his own, and not afraid to assert it in behalf of what he believes to be right. And if he is brave enough to step over the party lines when. in his opinion, the public good demands it, they like him all the better.-St. Louis Republican. RESUMPTION is nothing more than bringing greenbacks up to par with gold, and it would seem that, to facilitate the work, the Government ought to honor its promises or every possible occasion. It ought to abolish all distinctions made by itself between the two, and accept greenbacks in payment of all debts due to itself.-St. Louis Republican. THE recent earthquake in Western Iowa and Eastern Nebraska was either a very great shake-up or the people of those localities are very great liars. On the farm of J. H. Armstrong a halfacre of ground, say the natives, was torn and tossed, leaving vast fissures which still exist, some filied with water and some open and of unknown depth. THERE comes a report, couched in very grave language, that Susan B. Anthony was elected a constable in Colorado at the recent election. The selection seems to have been a wise one, as the man who runs away from any woman who is not his wife, is seldom found. "HONORS are easy" in South Carolina's representation in the Senate; it consists of a carpet bagger and a native Democrat, the former under indictment for buying his election, and the latter for participating in a massacre of negroes. A STIFF-BACKED resumption paragraph in the President's message would be of more benefit to the Republican party than a whole graveyard full of resurrected Old Line Whigs.-N. Y. Tribune DISCOURSING upon Thanksgiving Geo. Peck remarks that "the rich as a general thing do the eating, while the poor do the thanksgiving praying." THE proposition to divide California into two States, with Los Angles as the capitol of the southern half, is again renewed on the Pacific coast. A GOVERNMENT dispatch from Havana says John Welsh, Minister to England, does own slaves in Cuba. THE anti resumption party will be ready for its obituary when the Presi dent's Message hits it. THE cashier of the First National Bank of Lafayette, Ind., stole $57,000, and the Bank has suspended. THE gravity of the situation at Versailles is rather increasing than decreasing. THE extra session of Congress terminated at noon Monday.