6219. Gibson County National Bank (Princeton, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2066
Charter Number
2066
Start Date
October 1, 1875*
Location
Princeton, Indiana (38.355, -87.568)

Metadata

Model
gpt-5-mini
Short Digest
4cd1fe5f

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1874-11-28
Date receivership terminated
1876-09-18
OCC cause of failure
Losses
Share of assets assessed as good
45.7%
Share of assets assessed as doubtful
28.5%
Share of assets assessed as worthless
25.9%

Description

Articles (Oct 1875 and Mar 1876) report dividends declared by the Comptroller in favor of the creditors of the Gibson County National Bank, Princeton, Ind., indicating the bank was in receivership/closed. No run is described in the excerpts. OCR variation: one article says forty per cent. payable the 20th inst.; another mentions thirty per cent. — likely reporting the same receivership/dividend news with OCR/printing differences. Classified as suspension_closure because suspension/closure with receiver and dividend distribution is described and no run is reported.

Events (4)

1. November 30, 1872 Chartered
Source
historical_nic
2. November 28, 1874 Receivership
Source
historical_nic
3. October 1, 1875* Receivership
Newspaper Excerpt
dividend ... in favor of the creditors of the Gibson County National Bank, as Princeton, Indiana
Source
newspapers
4. October 20, 1875 Other
Newspaper Excerpt
The Comptroller of the Currency ... declared a dividend of forty per cent. in favor of the creditors of the Gibson County National Bank, of Princeton, Ind., payable the 20th inst.
Source
newspapers

Newspaper Articles (2)

Article from The Lake County Star, October 28, 1875

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Article Text

T E N E W S From the National Capital. Ex-Senator Chandler has been appointed to the office of Secretary of the Interior, vice Delano. October 19 he was sworn in by Chief Justice Carter of the Supreme Court. Information of great success in the prosecution of the St. Louis whisky frauds has reached the Treasury Department. Four out of five distillers, and four out of five rectifiers, surrendered at discretion, pleading guilty to criminal indictments and in the suits for forfeitures. The following are these distillers: G. B. Bingham and J. W. Bingham, forming the firm of Bingham Bros.; Lewis Teuscher, R. W. Ulrici, Alfred Bevis and C. B. Frazier, of the firm of Bevis & Frazier. The rectifiers were F. C. Fosterer, G. Bensbaugh, Z. L. Beresker, B. H. Engelke, L. G. Quinlan, B. A. Quinlan, and Wm. H. Wadsworth. All these parties, at the time of pleading, also withdrew all claims to property seized by the government. This amounts in value to over five hundred thousand dollars. The civil suits on the bonds of distillers will be pushed to a judgment for the collection of unpaid taxes due. Western Items. Mr. Hoag, Central Indian Superintendent, states that his report for 1875 to the department will show greater advance in civilization and wealth by the Indians of the Indian Territory than in any previous year; better crops than ever before, and nearly double the acreage, which is more than tenfold greater than in 1869. A general state of good feeling prevails among all the tribes, and satisfaction is felt by all that they are now progressing finely, and desire to continue the experiment toward becoming self-sustaining without molestation Major Knox, of the Interior Department, is at present in the Pottawattomie Nation allotting their lands to individuals, they having decided to take them in severalty. The tribe is more mixed with the white largely element than any other tribe in the Territory; many of them have good farms, farming implements and stock, and they are building five thousand-dollar school-house out of their tribal=fund.. It is reported that the Indians at Lower Brute Agency and at Fort Thompson are much excited because the Government has ordered a survey of land in the neighborhood of those posts. Crimes. A party of boys playing ball near the St. Joseph Orphan Asylum, on Clark avenue near Fifteenth street, St. Louis, the other afternoon, got into trouble with the boys of the asylum, and there was a general battle between them, in which stones and other missiles were freely used during the melee. James Duffy, a boy about seventeen years old, was hit on the head with a chunk of coal, thrown by Michael Henlehan, one of the and his skull orphans badly fractured, from the effects of which he died in a few moments. Henlehan was arrested At Hackettstown, N. J., recently, James Ricker shot and killed his two sons, aged six and ten, and shot at his wife but missed her. He then shot himself in the head, but the wound is not serious. Ricker was arrested. Domestic troubles led to the crime. John A. Wilson, James Davidson, and two Italians named Carlo Cavino and Giovanni Petroni, were arrested in Philadelphia recently on a charge of counterfeiting the postage stamps of Greece, Guiana, Bavaria, Hanover, and Nicaragua, and were examined before the United States Commissioner. A most atrocious murder was unearthed in Denver, Col., recently. A small tenement house in the eastern portion of the city, which had recently been vacated by some Italian musicians, was visited by a policeman to detect the cause of a stench that appeared to issue from it. He discovered in the cellar of the building the dead and putrid bodies of an old man and three boys, all Italians In the civil suit brought in New York by Samuel C. Archer against Theodore Davis, the receiver of the Ocean Bank, for the recovery of ten thousand United States bonds in the bank when robbed in 1869, Mr. Morris, council for Archer, said that they would prove that Stevenson, who was then cashier, and subsequently President of the bank, planned the robbery and shared in the proceeds. It will be remembered that the burglars obtained about $450,000. Disasters by Fire. In Charleston, W. Va., a few nights ago, a fire broke out in Dangridge's restaurant on Capitol street, which swept from the Cotton Opera-house to Virginia street, totally destroying seven store-houses, including Gates' photograph gallery, the Hale House livery stables, and the Kanawha Valley marble works on Virginia street A fire at Anderson, Texas, destroyed fourteen stores and dwellings, Odd Fellows' Hall and Wilson & Howell's furniture, two store, warehouses, the Post-office and valuable mail matters. The losses are estimated at forty thousand dollars; partly insured. Wagner's lager beer brewery, Stapleton, Staten Island, was recently burned. Loss Insured. $50,000. Items in General. In the Ohio election, returns have been received from all the counties of the State, which are considered as correct as can be obtained until the official returns are received by the Secretary of State. These show Hayes' majority in the State to be 4,753. The official returns may vary this count by three hundred either way. The Republicans have a majority of seventeen in the House of Representatives, and three majority certainly, and possibly four majority in the Senate Writs in civil suits were issued in the United States Court at St. Louis, recently, against the various distillers and gaugers lately charged with violation of the revenue laws, and their securities. The distillers' bonds amount to $615,000, and those of the gaugers to $60,000. Many of these securities are said to be irresponsible, but from others the Government expects to realize a large proportion of the revenue of which it is claimed the principals have defrauded it. The Comptroller of the Currency has declared a dividend of fifteen per cent. in favor of the creditors of the First National Bank of Topeka, Kansas: also, a dividend of forty per cent. in favor of the Gibson County National Bank, of Princeton, Ind., payable the 20th inst. Moses S. Herman & Co., of No. 22 Walker street, New York City, the principal member of which is a brother of A. S. Herman, who recently went into bankruptcy, have also failed. The firm's liabilities are stated as $200,000, and the assets: $95,000 $50,000 being stock and $45,000 bills receivable. United States District Attorney Dyer has entered suit at St. Louis, in the United States District Court, against the Ohio and Mississippi Railroad Company to recover sixty thousand dollars, alleged to be due as unpaid revenue tax on the net earnings of the road from January, 1868, to January, 1872 special telegram to the Chicago Times says that Secretary Bristow is of the opinion that he can now, at an early day, an make the for arrangement successful placing of the three hundred million dollars four and one-half cent. bonds fiveper V mile scull race, for one thousand dollars and the championship of America, between Evan Morris and Henry Coulter, was rowed over the Hulton course at Pittsburg, Pa., Saturday afternoon, the 16th, and won by in one Morris, length ahead. Time, coming


Article from The Cincinnati Daily Star, March 14, 1876

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Article Text

when enc 6K3 and me wave Wear their holiest blue, When the dew's on the flower And the star on the dew. The elegant and beautiful typography of the book are in appropriate accord with its contents. Colonel Woolley and "The Shirt of Nessus." We take pride and pleasure in laying the following communication before the Cincinnati public, received too late for insertion in yesterday's issue: "CINCINNATI, O., March 13, 1876. "To the Editor of the STAR: "In your Saturday's issue you said 'Colonel Woolley is pretty extensively known as a railroad stock jobber,{and that he has his eye on the Southern AlRailroad is quite certain.' though I don't own a share of railroad stock, and never bought ashare of any stock except for investment. This little misstatement is so characteristic of the Cincinnati press that it would have passed unnoticed had it not been connected with the implied charge was a fool in addition. Say that am a false a an un worthy or neighbor, that'I Kentuckian, citizen, friend, bad an Alick but please accuse me of wanting this again Ferguson; beard, railroad. don't and For by by my honah, sa! by the I'have in the goodness con Richard Smith, I would not the my faith free take of lease, DeaSouthern Road on a guaranteeing to run it as other roads are run for twenty-five years and return it then in good order. It will Shirt of Nessus to its possessor. Let a mine enemies have it, is a prayer e learned from Jo "C. W. WOOLLEY." t We regret intensely that we could not 1 have given the ioregoing effusion to the public in our issue of yesterday. We plead guilty to the offense of cruelty animals for having kept SO delicate morsel cooling for twenty-four hours. the "Shirt of But, by Nessus," by the beard of a he-goat, by the faith we have in the "honah" of a Woolley, we couldn't help it, Sahl We can only express our tearful regrets, and the hope that Mr. Woolley will take Byron's advice, and " Console himself 0 With rum and true religion." Mr. Woolley, after describing certain fine arches and parabolic.curves in logic, 9 reaches the sage conclusion that we had called him a tool "by implication." He V swears he wouldn't have the Cincinnati 0 Southern Railreal as a free gift; no, If sah, you couldn't stuff it into his 0 breeches pocket, sah, for nothing, sah! f And to intimate that he would so take t it, is, in his opinion, to suppose him a e fool. e Now, we congratulate Mr. Woolley upon his speedy recovery from a severe attack of the simples. We didn't know S that he was convalescent yet. For only S so lately as the 5th of last month find a letter printed in the newspapers e 1 signed by exactly the same name as that le signed to the above letter, to wit, "C. W. Woolley," containing a suggestion, at "his instance," he says, to make proposition to the city, liberal to her in d nature, to take the entire line of the Southern Railway off her hands." The 8 same letter, signed by the same "C. W. g Woolley," also stated that he, the said C. W. Woolley, was "authorized to state h to the members et the Ohio Legislature, that a company having interests in Cind cinnati would in a short time propose e that city to operate the Southern Rail r t way for the Trustees, from Lexington south, as the same might be completed, et on fair terms." to That was what Mr. Woolley said on e. the 5th of February; and now on the LS 13th of March he complains that he was of called a "fool by implication" for har tboring any such thought. If what he at now says be true, a pensive to public might well inquire why he wrote himself down an ass in that be y half, only 37/days ago? But we hope his at recoveryie complete,and we congratulate d on the speedy the y and, upon the faith of him attack; termination affirm his of that, OWD solemn asseveration, we now y whatever he was then, he is no longer 18 "a fool by implication;" for he has cer at d tainly shown sufficient intellectual abil ity to "Compound for sins he is inclined to, al By damning those he has no mind to nand that is a sure sign that Woolley's In "head is level." e h Comptroller of the Currency has called The on the national banks for reports be showing their condition at the close at business Friday, March 10. The Comp ry troller has also declared a dividend o thirty per cent. in lavor the ereditore of the Gibson County National Bank as Princeton, Indiana,