6185. Pendleton Banking Company (Pendleton, IN)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
July 16, 1884
Location
Pendleton, Indiana (39.998, -85.747)

Metadata

Model
gpt-5-mini
Short Digest
19c827f1

Response Measures

None

Description

Multiple contemporary papers report the Pendleton Banking Company closed its doors/suspended on July 16, 1884 as a result of the failure of Fletcher & Sharpe (an Indianapolis house). The bank denied failure and reopened the next day (July 17) after consultation with depositors. No article describes a depositor run; this is therefore a suspension with reopening. I inferred dates from publication/dispatch dates. No clear indication that the bank was a national/state/trust bank, so bank_type set to unknown.

Events (2)

1. July 16, 1884 Suspension
Cause
Correspondent
Cause Details
Suspension rendered necessary by the recent failure of Fletcher & Sharpe (an Indianapolis banking/firm correspondent), cited as the direct cause of the bank closing its doors on July 16, 1884.
Newspaper Excerpt
The Pendleton Banking Company, of Pendleton, Madison county, closed its doors to-day. The suspension is the result of Sharp & Fletcher's failure.
Source
newspapers
2. July 17, 1884 Reopening
Newspaper Excerpt
The officers of the Pendleton Banking Company, at Pendleton, Ind., deny that they have failed. Business was suspended for a few hours yesterday for the purpose of consultation with depositors. The bank opened this morning and business is proceeding as usual.
Source
newspapers

Newspaper Articles (13)

Article from Savannah Morning News, July 17, 1884

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BROKEN FINANCIAL PILLARS. The Monetary Flurry at Indianapolis Rapidly Subsiding. INDIANAPOLIS, IND., July 16.-The financial situation is much improved today. The rush on Ritzingers, Fletchers & Church continued this morning, but the number of people demanding their money was small, and the runs entirely ceased this afternoon. It was feared that country banks might be alarmed and draw their balances, but all fears of danger from this source are now allayed. Letters have been received from officers of the country banks having balances here expressing confidence in the security of the city banks, and stating that they will draw as light as possible. Confidence is steadily growing, and from the present outlook there is nothing to warrant apprehensions of further trouble. CLOSED ITS DOORS. The Pendleton Banking Company, of Pendleton, Madison county, closed its doors to-day. The suspension is the result of Sharp & Fletcher's failure. HALF A MILLION IN PREFERENCES. NEW YORK, July 16.-Edward Yard, Jr., dealer in lace and white goods, at No, 61 Leonard street, made an assignment this morning to William Preedman and O. W. Vanderpool. The preferences are $550,000. It is supposed that the total liabilities of the firm will be about $1,000,000. No other cause can be given for the failure than the general depression in the trade and the difficulty of getting single names discounted at banks. CHARLESTON JUNK DEALERS FAIL. The failures reported to-day other than Yard & Co. have been quite heavy, and distributed throughout the country. Moses Goldsmith & Son, junk dealers of Charleston, S. C., have suspended payment and are in liquidation. They had a monopoly of the business in their line and made money rapidly for some years, but were burned out in May last, and the senior partner has since died, hence the liquidation. LIABILITIES OF $300,000. CINCINNATI, July 16.-A dispatch from Ironton, in this State, announces the failure of Hiram Campbell & Co. Their liabilities are $300,000. There was no statement of assets.


Article from New-York Tribune, July 17, 1884

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TROUBLES IN BUSINESS. CONDITION OF THE BANKS IN INDIANAPOLIS. INDIANAPOLIS, Ind, July 16.-The financial situation here is muchimproved. The runs on Ritzinger's and Fletcher & Churchman's banks continued this morning, but the number of persons demanding their money was smaller than yesterday, and by noon the runs had entirely ceased. It was feared that the country banks might become alarmed and draw their balances in the banks here, but all fear of danger from that source has been allayed. Letters have been received from the officers of the country banks, expressing the utmost confidence in the security of the city banks. and stating that they will draw as lightly as possible. While the feeling 18 still nervous, confidence is steadily growing, and from the present outlook there is nothing to warrant apprehensions of any further trouble with the city banks Receiver Wallace, in charge of the suspended banking house of Fletcher & Sharpe, 18 busily engaged in straight ening out the atfairs of the firm. It will be several days, however, before a detailed statement of the assets and liabilities can be made. The Peadleton Banking Company, e Pendleton Madison County, closed its doors today. The suspension is a result of the Fletcher & Sharpe failure. CINCINNATI, Ohio. July 16.-A dispatch from Ironton, in this State, announces the failure of Hiram Campbell & Sons, iron manufacturers, and places the liabilities at $300,000; there was no statement of the assets. Business men here say that the failure has been expected ; that the Campbells owned the Mount Vernon and Sarah furnaces and had been running them during the recent depression in the iron trade. ASSIGNMENTS BY MERCHANTS. MASSILLON, July 16.-Julius Whitman, brewer, has made an assignment, with liabilities of $10,000, and as sets of $12,000. MANSFIELD, July 16.-The Whissemore Manufacturing Company have made an assignment. The liabilities are not stated. LISBON. N. ET., July 16.-M. B. Wheelock & Co., druggists, failed yeaterday. Their liabilities are unknown. CHARLESTON, 8. C., July 16.-Moses Goldsmith & Son, junk dealers, have suspended payment and are in líquidation. They had a monopoly of the business in their line, and made money rapiely for some years, but were burned out in May, and the senior partner has since died. OAKLAND, Cal., July 6.-Bennison, Leibman & Co., dry goods. have made an assignment. with liabilities of $85,000, and nom nal assets of $65,000. ST. ALBANS. Vt., July 16.-J. J. Deavitt. formerly a practicing lawyer here, to-day filed a petition in insolvency, with liabilities estimated at $50,000. Unfortunate investments are said to be the cause of his failure.


Article from The Indianapolis Journal, July 17, 1884

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Bank Failure at Pendleton. Special to the Indianapolis Journal. ANDERSON, July 16.-The Pendleton Banking Company, of Pendleton, closed their doors today. The suspension was rendered necessary by the recent failure of Fletcher & Sharpe. The Citizens' Bank, of this city, had $4,000 on deposit with Fletcher & Sharpe.


Article from Evening Star, July 17, 1884

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News Briefs. King John, of Abyssinia, relying upon the friendship or the Protestant power of England, Is persecuting the French Catholic missions, which he disilkes. A number of mission houses have been sacked and the missionaries expelled. Rev. L. O. Thompson, of Henry, III., in company with his son Sidney, and Freddie Bishop, of Medina, N. Y., lads about 12 years old, was capsized in a skiff on the Illinois river yesterday and the entire party drowned. The half dozen Amherst college seniors who were arrested commencement week for creating a drunken disturbance and destroying private property yesterday pleaded guilty at Amherst to drunkenness and riot, and were each fined $11 and costs. Lieut. Arnold, of the Augusta, Ga, police force, yesterday shot and killed Sam Taylor (colored), who resisted arrest. The coroner's jury rendered a verdiet of justifiable homicide. Bud Prestry, a Choctaw militiaman, was fatally stabbed on Saturday in an altercation with Sheriff Lucas, of Sansbols county, Choctaw Nation. Albert Miles, colored, was hanged In Natchez, Miss., yesterday, for wife murder committed at Dead Man's Bend in September, 1882. A duel with short swords took place yesterday near Gretna, La., between Captain J. E. Brou and Evariste Poche. Poche received a flesh wound in the thigh, and the affair was settled. Detective Parker arrived in Providence, R. I., from France yesterday, bringing Frank H. Cushman, the defaulting second teller of the Merchants' National bank. Cushman took $4,500 in currency and $500 in gold. or this amount $3,757 is recovered. The Baltimore county police are on the lookout for a colored man who is charged with two assaults upon a white woman. The Pendleton Banking company, of Pendleton, Madison county, Indiana, closed its doors vesterday. The suspension Is a result of the Fletcher u Sharpe failure.


Article from Richmond Dispatch, July 17, 1884

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Bank Suspension. [By telegraph to the Dispatch.] INDIANAPOLIS, July 16.-The Pendleton Banking Company, of Pendleton, Madison county, closed its doors to-day. The suspension is the result of the Flatcher & Sharpe failure.


Article from Savannah Morning News, July 18, 1884

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PHILADELPHIA, July 17.-The Medical News of next Saturday will say: The progress of the cholera during the past week has been such as to warrant the belief that it will spread throughout Europe during the next thirty days and may reach our shores at any time. Its progress can be arrested only by most watchful care on the part ofour quarantine officers, for this disease has always reached our shores by shipsscrupulous cleanliness on board ship, isolation of all suspicious cases, absolute. destruction of garments of those infected, and special care that the water supply is not contaminated. Boiling it before use if there is any suspicion of its being impure would add greatly to securing the healthfulness of ships, while municipal cleanliness persistently and systematically carried out would leave no nidus for the disease to gain a foothold even should it reach our shores." COMMERCIAL CLOUDS. The Pendleton, Ind., Bank Opens its Doors and Resumes Business. INDIANAPOLIS, July 17.-The officers of the Pendleton Banking Company, at Pendleton, Ind., deny that they have failed. Business was suspended for a few hours yesterday for the purpose of consultation with depositors. The bank opened this morning and business is proceeding as usual.


Article from The Portland Daily Press, July 18, 1884

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GENERAL NEWS. The officers of the Pendleton Banking Company of Pendieton, Ind., deny that they have failed. Business was suspended a few hours Wednesday for the purpose of consultation with the depositors, but the bank was opened yesterday morning and busi ness was proceeding as usual. Dr. Walter Quincy Scott, President of the Ohio State University, has accepted the principalship of Exeter (%. H.) Academy, and will begin his duties at the Fall term.


Article from New-York Tribune, July 18, 1884

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THE TROUBLES OF BUSINESS MEN, INDIANAPOLIS, July 17. - The officers of the Pendleton Banking Company. of Pendletoa, In d., deny that they have failed. The business was suspended a few hours yesterday for the purpose of a consultation with depositors. The bank was opened this morning and business is proceeding as usual. DETROIT, July 17. Sowers & White, the leading banklag firm of Ovid, closed their doors this morning. MEXICO, via Galveston, July 17.-Maximino de la Loza, the owner of nime drug stores, failed yesterday. His liar bilities are $275,000. PETERSBURG, July 17.-The store of Patterson, Madison & Co., one of the largest wholesale grocery firms of this city, which was closed last week by order of the United States Court, at the instance of Fink Bros. & Co., of Baltimore, was reopeued to-day. Matters have been compromised and the case taken out of court.


Article from The Waco Daily Examiner, July 18, 1884

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details of a peoling arrangement. It was agreed to form a working pool for twenty-five years or a basis of about an qualdivision of the receipts. Each company will maintain a separate organization, and the pooling will include land and cable business. All the offices will be consolidated. The lines will touch about 75 per cent. of the Western Union paying points. LETTER CARRIERS HOLIDAY. Washington, D. C.-Postmaster-General Gresham stated positively to-day that the letter carriers will receive their leaves of absence as provided by law. OHIO REPUBLICANS. Toledo, July 17.-The Republicans of the Sixth Districtin convention at Defiance to-day nominated Hiram C. Glenn for Congress and James A. Holcomb for Presidential Elector. PENDLETON'S DENIAL. Indianapolis, July .-The officers of the Pendleton Banking Company, Pendleton, Ind., deny that they have failed. Business was suspended a few hours vesterday for the purpose of COHsultation with depositions. The bank opened this morning and. business is proceeding as usual. MINNESOTA DEMOCRATS. St. Paul, Minn., July 17.-The Democrats of the Fourth Minnesota district nominated O. C. Merriam. a wealthy lumberman of Minucapolis, for Congress. State Senator Gilfillan, of Minneapolis, is the Republican candidate. ASSIGNED. New York, July 17.-Julian White, Sous & Company, 56 Leonard street, are reported to have assigned to Geo. O. Walbridge. They accommodated Edmund Yard & Co. with notes. The firm is in the fancy goods trade. CONGRESSIONAL DELEGATION. Galveston, July 17 -The county Congressional delegation met to-might at the office of J. B. Stubbs and organized by the election of M. E Kle. berg, Chairman: John A McCormick, Secretary of the delegation, which leaves Monday morning to attend the Congressional Convention which assembles at Victoria, July 22. The exof ecutive committee, consisting Messrs. Eaton, Atkins a d Spillane was appointed to arrange transportation. Hon. R.G. Street addressed the delegation in be half of General Wave as 3 congressional candidate. The delegation took a votean all present favored Mr. W. X. 8 Crair and authorized 8 telegram to be sent to him to-night that the delegation was solid for him. REASSEMBLED. Topeka, Ks, July 17.-The Republican State Convention reassembled to 1 a day and the Committee on Resolutions presented a platfo rm. the principal features of which were forecast in these a D di-patches last night. In other respects the resolut ons glorify the Republican party, ndorse and ratify the nomination of Blaine and Logan, and enthu siastically approve the national platform as adopted at Chieago An effort was o made to pass a resolution favoring a t Constitutional Convention, during the discussion of which the whole prohibiH tion subject was discussed, but the H proposition was voted down by 8 large majority. The following state ticket was then nominated: For Gov. I ernor, Colone John A. Martin: t by acclamation; for Lieutenant Gov ernor, T. P. Riddle: Chief Justice, A I 11. Harton: Associate Justice, W. A 8 Johnson: Secretary of State, E. B: o Allen; auditor, Edwin 1'. McCabe. o KEMER'S OPINION. d Washington, July 17.- Mr. George Mernor of this city,a well known Artic raveler, who has taken active interest le n the recent attempt for the relief of " he Greeley party, and who went be. W ore the Artic board last spring to have I in offering of such a reward as would 1. secure the co-operation whalers in is search, was asked by all associated 1 press reporter to-night what he thought 1. if the news received from St. Johns. and se 10 replied: It is a story of a remarksd le and heroic achievement. and is filled to and elouded by dirasters due to incomo petence in Washington. If Lieutenant t Greely and his party had all returned in I safety to the U.S., as they might have o done had they been properly supported,


Article from The Waco Daily Examiner, July 18, 1884

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PENDLETON'S DENIAL. Indianapolis, July 17.-The officers of the Pendleton Banking Company, Pendleton, Ind., deny that they have failed. Business was suspended a few hours vesterday for the purpose of COHsultation with depositions. The bank opened this morning and. business is proceeding as usual.


Article from Richmond Dispatch, July 18, 1884

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Business Embarrassments. [By telegraph to the Dispatch.] NEW YORK, July 17.-Julian White, Sons & Co., 56 Leodard street, who accommodated Edmund Yard, Jr., & Co. with notes, have assigned to Ed. O. Walbridge, giving preferences to a large amount, including all sums due by them on notes or for merchandise. INDIANAPOLIS, IND., July 17.-The officers of the Pendleton Banking Company, Pendieton, Ind., deny that they have failed. The business was suspended a few hours yesterday for the purpose of consultation with depositors. The bank opened this morning, and business is proceeding as usual. DETROIT, July 17.-Sowers & White, a leading banking firm of Ovid, closed their doors this morning. No statement has been made.


Article from The Dallas Daily Herald, July 18, 1884

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Suspensions and Failures. PENDLETON BANKING COMPANY. NEW york, July 17.-Kiernan reports the Pendleton Banking company, of Pendleton, Ind., has suspended on account of the failure of Fletcher & Sharpe, of Indianapolis. DENY IT. INDIANAPOLIS, July 17.-The officers of the Pendleton Banking company, of Pendleton, Indiana, deny they have failed. Business was suspended for a few hours yesterday for the purpose of consulting with the depositors. The bank opened this morning and business is proceeding as usual. JULIAN WHITE & co. NEW York, July 17. Julian White, Sons & Co., 56 Leonard street, are reported to have assigned to George O. Walbridge. They accommodated Edmund Yard & Co. with notes. They give large preferences. The firm is in the fancy goods trade. INGRAM FLETCHER. INDIANAPOLIS, July 17. - Ingram Fletcher, of the suspended firm of Fletcher & Sharpe, to-day deeded to a trustee for benefit of creditors, property valued at $250,000. Albert E. Fletcher also deeded property to a trustee of the value of $200,000.


Article from The Red Cloud Chief, July 25, 1884

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tille, Fla. Surveyor of the Port, at was He was a prominent politici well-known throughout the AT Portland, Me., the Greent Committee met and voted to ma ous and aggressive campaign, that Butler was the candidate. MISCELLANEOUS THE Expressmen's Convention at Bost elected H. W. Dwight, of the United States and Canada Express Company, President; E. M. Morseman, Vice-President and General Manager of the Pacific Express, VicePresident; Sutherland Dewitt, Secretary and Treasurer, THE police of Vienna have been ordered to arrest all Mormon missionaries detected endeavoring to secure converts. A warrant has been issued for the arrest of Missionary Paul Hommer, of Nevada. ADVICES from Abyssinia stated that since the favorable termination of Admiral Hewitt's mission, King John relying upon the friendship of Protestant Powers, persecutes French Catholic missions, which he dislikes. A number of mission houses were sacked and missionaries expelled. THE first car load of California beer ever shipped East left San Francisco the other day consigned to Chicago. It was ordered on its merits, due to the excellence of California grown barley. AT New York recently the steeple chaser, Jim McGowan, was seized by the Sheriff pending a settlement in the Court of Claims of the rival owners, W. C. Daly and ex. Mayor Nolan, of Albany. THE Treasury Department on the 16th is. sued warrants for the payment of $9,000,000 on account of pensions. THE Treasury Department has been informed by one of its agents on the Canadian border that paper rags, supposed to be collected in the cholera infected districts of Egypt, Turkey and South France, were beimported into the United States through Canadian ports. They were described as low grade and likely to contain germs the disease. A large lot was recently beed to this country. C. ENO was still being shadowed by ctives in Quebec. A PLUB to blow up the palace at Warsaw during the Czar's stay was recently disJustice of the Peace named covered. Barlovsky was suspected and arrested. A quantity of and dynamite belonging to the conspirators was also found. JULIAN WHITE SONS & Co., 56 Leonard street, New Yorkswere reported to have assigned to George' Walbridge. They accommodated Edw. Yard & Co., with notes. They gave lar preferences. The firm was in the fancy goods trade. PRIVATE advices from turphysboro, III., reported the failure of Minor Savings Bank at that place. The bilities were not stated. The assets was $10,000. The citizens were excited and trouble was expected. AN incendiary fire at Lexington, Ky., destroyed the Blue Grass copper shops. The loss is $31,000, and the insurance & 4, 000. THE Grand Lodge Knights of Honor of Mississippi unanimously sustain the action of the supreme officers in establishing the headquarters of the Supreme Lodge at St. Louis. THE Pennsylvania State Agricultural Society have decided to give a grand bench show of dogs during their fair in Philadelphia which takes place September 16 to 19. AN Austin, Texas, special says the State Comptroller estimates that the reduction in the value of cattle for the assessment in the State will approximate $10,000,000 OFFICERS of the Pendleton Banking Company of Pendleton, Ind., deny that they have failed. Business was suspended for the purpose of consultation with depositors. The bank opened the following day and business proceeded as usual. LONDON newspapers heartily rejoice over the rescue of the the Greely expedition. THE President of the Board of Health recently telegraphed Surgeon General Hamilton of the Marine Hospital Service, requesting that a revenue cutter be detailed to cruise off the mouth of the Mississippi River to warn off all vessels from Toulon and Marseilles, directing them to go into quarantine at Ship Island. IN the Sharon-Hill divorce case at San Francisco Judge Sullivan refused to allow the ink used in the body of the alleged marriage contract and signature to be submitted to a chemical test unless counsel on both sides agreed. Miss Hill's counsel refused. Sharon's counsel thereupon announced their case closed. AN attempt was made recently to blow up the monument at Salisbury, England, to Lord Herbert with a box of gunpowder. The pedestal was injured. THE Fireman's Trust Insurance Company, of New York, was closed up and policy holders were being re-insured. The assets were $183,000 and the liabilities $171,000. AT Painted Post, N. Y., the other day, fire destroyed the business part of town. JOHN HOFFMAN, employed on the Milwaukee Daily Sentinel, was shot and mortally wounded by Gustav Prier recently. OVER two hundred clerks in the Pension Bureau received promotion the other day, the average advance in salary being two hundred dollars. A HEAVY vein of gas was struck on the Lee farm near Hubton, Pa., the other day, at a depth of eight hundred feet. This strike was in the new field and the pressure was said to be very strong. A SPECIAL from Cheraw, S. C., states that J. P. Hawley, of Douglass, generally thought to be the party who led the posse that killed Bogan Cash, was shot down while at work in his field. He claimed to know who did the shooting. THE steamer St. Dunstan, from Marseilles,arrivedin the Mersey on the 18th.She reported two deaths from cholera during her voyage. The steamer was ordered placed in an isolated position and all communication with the shore forbidden. THE Russian plague hasmade its appearance at Kars and other stations IL the Cau