6343. Upland Bank (Upland, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
January 23, 1897
Location
Upland, Indiana (40.476, -85.494)

Metadata

Model
gpt-5-mini
Short Digest
331fc333

Response Measures

None

Description

Contemporary reports (Jan 23, 1897) state the Upland bank 'was closed today' and list it as a 'voluntary suspension' and 'went out of business.' Proprietors (the Johnson brothers) stated claims would be paid in full and admitted losses since opening. No run is described in the articles; closure appears voluntary/permanent.

Events (1)
1. January 23, 1897 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank proprietors voluntarily closed the bank/'went out of business' and announced they would pay depositors in full; losses of about $50,000 since opening cited.
Newspaper Excerpt
The Upland bank of Upland, ten miles east of here, was closed today. The proprietors, James, Jesse and Solomon Johnson, brothers, state that all claims will be paid in full, but admit that they have lost $50,000 since they opened the bank five years ago.
Source
newspapers

Newspaper Articles (6)
1. January 24, 1897 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, January 24, 1897

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Troubles in the Business World. BEATRICE, Neb., Jan. 23.-(Special Telegram.)-George L. Platt, a stockholder in the old Daily Times organization, secured a temporary injunction today against Jedediah Knotts, restraining him from selling the plant at mortgage sale. Platt says that the property came into the hands of the present owner, W. L. Knotts, by purchase under fraudulent mortgage sale, and claims ownership for the stockholders. The matter of a permanent injunction will be heard before Judge Letton on January 28, after which, if the injunction is granted, a receiver will probably be asked for, to take charge of the affairs of the paper for the old company. DES MOINES, Jan. 23.-(Special Telegram.)-The Great Western Coal company failed this afternoon, being attached for $18,000 by the Maple Grove Coal company. The Great Western has not been extensively engaged in mining, but was a large broker in coal produced from other mines, on which It had lost much during the late war on coal prices. An application will be made Monday for a receiver for the Capital City Oat Meal company, which was closed yesterday under chattel mortgage. The concern will probably reopen after its affairs are straightened out. MARION, Ind., Jan. 23.-The Upland bank of Upland, ten miles east of here, was closed today. The proprietors, James, Jesse and Solomon Johnson, brothers, state that all claims will be paid in full, but admit that they have lost $50,000 since they opened the bank five years ago.

2. January 30, 1897 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, January 30, 1897

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LATER. Bills were passed in the United States senate on the 23d for a statue of President Lincoln at Gettysburg, Pa.; to reclassify the railway postal service, and the house bill to prohibit the sale of intoxicating drinks to Indians. A resolution was agreed to asking the president for all cor respondence on the Nicaraguan canal since 1887. The house was not in session. Greenlee Bros. & Co.'s foundry in Chieago was destroyed by fire, the loss being $300,000. Pierce Taylor, a young negro who attempted an assault upon Miss Emma Apthorp. was taken from the jail at Tallahassee, Fla., by a mob and hanged to a tree. A schoolhouse built of sod near Perry, 0 T.. collapsed and 25 school children were injured. several fatally. In an accident on the Pittsburgh & Western railway near Clarion, Pa., Engineer Moriarity. Fireman Beatty and Mail Clerk Copety were killed. Mrs. Margaret Hungerford. known to the novel-reading public in the four quarters of the globe as "The Duchess," died in London. The house of William Croyle, of Redford. Pa., was destroyed by fire and Mrs. Croyle and two children were burned to death. The Upland bank at Upland, Ind., went out of business. Its officials announeed that it would pay depositors in full. Samuel Kirby, aged 55, and his wife, aged 50, were murdered at their home near French Lick, Ind., by unknown persons. During a panic caused by a fire in a theater at Kwang Fou. China, 300 persons were trampled to death. At the close of the six-day female bicycle race in Indianapolis the score stood: Anderson, 246 miles 8 laps; Farnsworth. 246 miles 71/2 laps; Allen. 246 miles 6 laps: Baldwin and Christopher. 246 miles 2 laps. During a storm in the gulf of Cadiz 24 fishing boats with their crews were lost near San Lucar. The Farmers' and Merchants' bank at Excelsior Springs. Mo., closed its doors with liabilities of $20,000. The most widespread cold wave in years was reported from all sections. In the northwest the temperature ranged from 15 to 30 degrees below zero. In the east the same conditions prevailed. and low temperatures were reported from points as far south as Central Texas and northern Louisiana.

3. February 4, 1897 The Princeton Union Princeton, MN
Article from The Princeton Union, February 4, 1897

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tants or which are estimated to numbe nearly 5,000, mostly Arabs. Otherwise. The postoffice at McCloud, Custe county, S. D., has been discontinued. The building of roofs over railroa cuts is an experiment the Norther Pacific may try as a prevention blockades. The fourth annual exhibit of the per Peninsula Poultry association been held at Marquette, Mich., with unusually large number of entries. C. E. Wilson has been appointed sistant general freight agent of Wisconsin Central lines, the appoin ment to become effective Feb. 1. The place for holding the ninth nual Scotch-Irish congress has not been decided upon, but Detroit probably be chosen. Receiver Cowen, of the Baltimore Ohio, announces that $500,000 interes due Feb. 1 on the bonds of the pany, will be paid. The Upland bank, located at Upland ten miles from Marion, Ind., has out of business. Its officials announc that it will pay depositors in full. The Pottsdam, N. Y., National with a capital stock of $250,000, closed by a national bank examine to-day. The depot of the Ahnapee & West ern, at Sturgeon Bay, Wis., burned. A large amount of freigh and express matter was lost. Dr. Wrede, editor of Die Kritik, Berlin, is being prosecuted for majeste, in an article on the "undiplo matic new years reception," in which his majesty was ridiculed. The Bank of the Nation at Bueno Ayres has resolved to grant facilitie to distressed farmers who ask until they can recover from the of their crops. The twenty-second national conver tion of the Railway Mail Service nevolent association will be held San Francisco during the week March 15. Homer H. Johnson has been appoint ed receiver for the Vulcan Brass pany of Cleveland, Ohio. The of the company are placed at $35,00 and liabilities at $48,000. The Delaware constitutional vention by an almost unanimous has recommended that the power granting divorces be taken from legislature. Colorado college of Colorado Spring received from Dr. D. K. Parson Chicago a check for $50,000, whic completes the additional endowmer fund of $200,000. An ice bridge has formed at Niagar falls, reaching from the falls to suspension bridge. The ice formatio in the park and on the island is tiful. It was shown in the probate at Holton, Kan., that Isaac Lane, cousin of the late Jim Lane, was years old, destitute and alone. jury found him incapable of takin care of himself. United States District Judge Foste at Topeka, Kan., has granted a to compel the Santa Fe Railroad pany to make its annual report to interstate commerce commission. report was due last June. In accordance with instructions ulated by the directors of the can Peace society, an expression in gard to the pending treaty of arbitra tion has been proposed and has forwarded to the president, secretar of state and the senate. The glove contest bill introduced the Nevada legislature to permit fight between Corbett and Fitzsin mons to take place in Nevada, the asse.nbly to-day by a vote of 20 9, the license being increased to 000.

4. February 11, 1897 Courier Democrat Langdon, ND
Article from Courier Democrat, February 11, 1897

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Otherwise. The postoflice at McCloud. Custer county, S. D., has been discontinued. The building of roofe over railroad cuts is an experiment the Northern Pacific may try as a prevention of blockades. The fourth annual exhibit of the Upper Peninsula Poultry association has been held at Marquette, Mich., with an unusually large number of entries. C. E. Wilson has been appointed as. sistant general freight agent of the Wisconsin Central lines, the appointment to become effective Feb. 1. The place for holding the ninth annual Scotch-Irish congress has not yet been decided upon, but Detroit will probably be chosen. Receiver Cowen, of the Baltimore & Ohio. annouaces that $500,000 interest, due Feb. 1 on the bonds of the company, will be paid. The Upland bank, located at Upland, ten miles from Marion, Ind., has gone out of business. Its officials announce that it will pay depositors in full. The Pottsdam, N. Y., National bank, with a capital stock of $250,000, was closed by a national bank examiner to-day. The depot of the Ahnapee & Western, at Sturgeon Bay, Wis., was burned. A large amount of freight and express matter was lost. Dr. Wrede, editor of Die Kritik. of Berlin, is being prosecuted for lese majeste, in an article on the "undiplomatic new years reception," in which his majesty was ridiculed. The Bank of the Nation at Buenos Ayres has resolved to grant facilities to distressed farmers who ask credit until they can recover from the loss of their crops. The twenty-second national convention of the Railway Mail Service Benevolent association will be held in San Francisco during the week of March 15. Homer H. Johnson has been appointed receiver for the Vulcan Brass Company of Cleveland, Ohio. The assets of the company are placed at $35,000 and liabilities at $48,000. The Delaware constitutional convention by an almost unanimous vote has recommended that the power of granting divorces be taken from the legislature. Colorado college of Colorado Springs received from Dr. D. K. Parson of Chicago a check for $50,000, which completes the additional endowment fund of $200,000. An ice bridge has formed at Niagara falls, reaching from the falls to the suspension bridge. The ice formation in the park and on the island is beautiful. It was shown in the probate court at Holton, Kan., that Isaac Lane, a cousin of the late Jim Lane, was S9 years old; destitute and alone. The jury found him incapable of taking care of himself. United States District Judge Foster at Topeka, Kan., has granted a writ to compel the Santa Fe Railroad company to make its annual report to the interstate commerce commission. The report was due last June. In accordance with instructions formulated by the directors of the American Peace society, an expression in regard to the pending treaty of arbitration has been proposed and has been forwarded to the president, secretary of state and the senate. The glove contest bill introduced in the Nevada legislature to permit the fight between Corbett and Fitzsimmons to take place in Nevada, passed the asse.nbly to-day by a vote of 20 to 9, the license being increased to $1,000. Some of the farmers of the West and Northwest who desire to encourage the production of flax and hemp want a duty imposed on sisil and manila, but others protest that such a duty will result in an increase in the cost of binding twine. After a heated discussion in the New York assembly, the Lexow resolution. calling for the appointment of a joint committee to investigate the subject of trusts and report remedial legislation before March 1 next, was passed by a vote of 99 to 34. Jeannette, the oldest elephant in the country, died at Wallace's circus quarters at Peru, Ind. She was the only female African elephant in captivity. She was brought over more than seventy-five years ago, and has been with many circuses. Miss Lillian Templeton of Brooklyn is -dead, as the result of taking a prescription of a friend who meant to cure her. Miss Templeton had been suffering from a cold. A friend gave her a prescription which called for equal parts of spirite of camphor, peppermint laudanum and balsam of fir. The twenty-second annual session of marine engineers has adjourned at New York. The officers of the association are confident that the caucus work done during the meeting will bear fruit in legislation important to engineers and their assistants throughout the country. Grace Gennings, who is known on the stage as Grace Vaughn and a member of the "Bunch of Keys" company, was granted a divorce at Chicago on the grounds of desertion. Her husband was Andrew Jennings, son of A. S Jennings, a man of wealth and cml. nence

5. January 4, 1898 Willmar Tribune Willmar, MN
Article from Willmar Tribune, January 4, 1898

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What Has Been Done During the Past Twelve Months. THE YEAR 1897 A BUSY ONE All of the Important Happenings the World Over Briefly Noted in Chronological Order. BUSINESS AND INDUSTRIAL NOTES Disasters of Various Kinds-Crimes, Suicides and Lynchings-A Year's Famous Dead -Political Events-Sporting BANK FAILURES. Jan 2-State savings, Whitehall, Mich Citizens' national, Fargo, N. D Omaha (Neb.) savings, $830,000. Jan -Germania ($1,000,000) and West Side. St. Paul, Minn First City, Nora Springs, la Merchants' national, Devil's Lake, N. D. Jan 7-Commercial, Eau Claire, Wis Bank of Canton, Minn Citizens', Lanesboro, Minn. Jan 8-Bank of North St. Paul, Minn. Jan 9-First national, Alma, Neb. Jan 12-Bank of Mayview, Mo. Jan 13-Seattle (Wash.) savings. Jan 14-Merchants' national, Ocala, Fla. Jan 15-Citizens' state, Fullerton, Neb. Jan 16-Bank of Conway, Mo. Jan 18-German national, Louisville, Ky. First national. Newport, Ky Minnesota savings, St. Paul. Jan 21-German savings, Des Moines, Ia., $554.000 Jan 23-Upland (Ind.) bank (voluntary suspension Farmers' and Merchants' bank, Excelsior Springs, Mo. Jan 25-Pottsdam (N. Y.) national. Jan 26-First national, Olympia, Wash. Jan 23-Wautauga bank, Johnson City, Tenn. Jan 30-Dime savings, Chicago. Feb 2-First national. Oakesdale, Wash. (voluntary suspension) Moscow (Ind.) national. Feb 4-First national, Griswold. Ia. Feb 5-First national, Franklin, o Northwestern national, Great Falls, Mont., $700,000. Feb 8-State savings. Atlanta, Ga. Feb 9-Farmers' and Merchants'. Freeport. III. (voluntary suspension). Feb 10-Bankers' exchange, Minneapolis, Minn. Feb 13-State trust and savings, West Superior, Wis. Commercial savings, Leeds, la Merchants' national, Helena, Mont. $1,000,000. Feb 6-Merchants' national, Jacksonville, Fla State national, St. Joseph, Mo. Feb 24-German-American Tonawanda, N.Y. (ResumedMarch 8.) Feb 26-Bank of Lithonia, Ga Security Loan and Trust company, Des Moines, Ia. Commercial, Milwaukee, Wis. Feb 27-Mullanphy savings, St. Louis, Mo. $500,000. Mar 8-Lexington savings, Baltimore. Mar 12-Bank of Mulhall, O. T. Mar 22-West Point (Ga.) state bank. Mar 23-Farmers' and Merchants', Paris, Tex. Mar 24-De Kalb county bank, Maysville, Mo. Mar 27-American exchange, Buffalo, N. Y. (voluntary suspension). Apr G-Globe savings, Chicago, $640,000. Apr 27-N. Barnes, Son & Co., bankers, Norfolk, Va. Apr 28-Bank of Hutchinson, Kan William Van Ordstrand & Co., bankers, Heyworth, III. Apr 29 New Hampshire Banking Co., Nashua, $849,352 May 3 J.B. Wheeler & Co., bankers, Manitou and Aspen, Col. May 7-Exchange bank, Atkinson. Neb. Dalles (Ore.) national. My 12-Traders' Lynchburg, Va. ay 19-Miners state, Cripple Creek, Col. Belknap savings, Laconia, N.H. State May 20- State, Monticello, Ind. Third nationnational, Logansport, Ind al, New York. May 21-First national, Orleans, Neb. May 24-Bank of Johnston, Neb. Jun 1-Merchants', Lincoln, Neb. Jun 3-Boone county, Harrison. Ark. Jun 14-First state, Fenton, Mich. Jun 29-Union Trust and Savings, Tacoma, Wash Keystone national, Erie, Pa. (voluntary) Jul 7-First national, Mason, Tex. Jul 14-Nebraska national, York, Neb. Jul 23-Bank of Monmouth Springs, Ark. Jul 31-First national, Asheville, N. C., (voluntary). Aug 21- People's savings, Mount Pleasant, Mich Aug 27-Bank of Minneapolis, Minn. Aug 31-State. Ambia, Ind First state, McPherson. Kan. Sep 2-First national, Greensburg, Ind. Sep 14-Bank of Durand, III. Sep 18-First national, Benton Harbor, Mich Sep 20-Bank at Rico, Col. Sep 29-Bank at Montrose, Col. Oct IS-City. Sherman, Tex. Oct 19-Edgerton (Wis.) bank. Oct 21-Bank of Lodi, Wis Oct 22-National of Asheville, N.C. Nov 9-John A. Willard, banker at Mankato. Minn.: $480,000. Nov 13-Bank of Antigo, Wis Banks at Leavenworth, Marengo and English, Ind. Nov 16-Della county (Col.) bank. Nov 20-State bank of Holstein, Neb. Dec 2-Piedmont state, at Morgantown, N.C. Dec 13-Stock exchange, at El Reno, O.T. Dec 21-First national, Pembina, N.D.

6. January 8, 1898 The Cape Girardeau Democrat Cape Girardeau, MO
Article from The Cape Girardeau Democrat, January 8, 1898

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What Has Been Done During the Past Twelve Months. THE YEAR 1897 A BUSY ONE All of the Important Happenings the World Over Briefly Noted in Chronological Order. BUSINESS AND INDUSTRIAL NOTES Disasters of Various Kinds-Crimes, Suicides and Lynchings- A Year's Famous Dead -Political Events-Sporting BANK FAILURES. Jan 2-State savings, Whitehall, Mich Citizens' national, Fargo, N. D. Omaha (Neb.) savings, $850,000. Jan -Germania ($1,000,000) and West Side, St. Paul, Minn First City, Nora Springs, Ia Merchants' national, Devil's Lake, N. D. Jan -Commercial, Eau Claire, Wis Bank of Canton, Minn Citizens', Lanesboro, Minn. Jan 8-Bank of North St. Paul, Minn. Jan 9-First national, Alma, Neb. Jan 12-Bank of Mayview, Mo. Jan 13-Seattle (Wash.) savings. Jan 14-Merchants' national, Ocala, Fla. Jan 15-Citizens' state, Fullerton, Neb. Jan 16-Bank of Conway, Mo. Jan 18-German national, Louisville, Ky. First national, Newport, Ky MinneGota savings, St. Paul. Jan 21-German savings, Des Moines, Ia. $ $554,000. Jan 23-Upland (Ind.) bank (voluntary suspension Farmers' and Merchants' bank, Excelsior Springs, Mo. Jan 25-Pottsdam (N. Y.) national. Jan 26-First national, Olympia, Wash. Jan 29-Wautauga bank, Johnson City, Tenn. Jan 30-Dime savings, Chicago. Feb 2-First national, Oakesdale, Wash. (voluntary suspension) Moscow (Ind.) national. Feb 4-First national, Griswold, Ia. o Feb 5-First national, Franklin, Northwestern national, Great Falls, Mont., $700,000. Feb 8-State savings, Atlanta, Ga. Feb 9-Farmers' and Merchants', Freeport, Ill. (voluntary suspension). Feb 10-Bankers exchange, Minneapolis, Dinn. Feb 13-State trust and savings, West Superior, Wis. Commercial savings, Leeds, la Merchants' national, Helena, Mont., $1,000,000. Feb 16-Merchants' national, Jacksonville, Fla. State national, St. Joseph, Mo. Feb 24-German-American, Tonawanda, N.Y. (Resumed March Feb -Bank of Lithonia, Ga Security Loan and Trust company, Des Moines, Ia. Commercial, Milwaukee, Wis. Feb 27-Mullanphy savings, St. Louis, Mo., $500,000. Mar 8-Lexington savings, Baltimore. Mar 12-Bank of Mulhall, O. T. Mar 2-West Point (Ga.) state bank. Mar 23-Farmers' and Merchants', Paris, Tex. Mar 24-De Kalb county bank, Maysville, Mo. Mar 27-American exchange, Buffalo, N. Y. (voluntary suspension). Apr 5-Globe savings, Chicago, $640,000. Apr 27-N. Barnes, Son & Co., bankers, Norfolk, Va. Apr -Bank of Hutchinson, Kan William Van Ordstrand & Co., bankers, Heyworth, III. Apr -New Hampshire Banking Co., Nashua, $549,352. May 3-J. B. Wheeler & Co., bankers, Manitou and Aspen, Col. May 7-Exchange bank, Atkinson, Neb. Dalles (Ore.) national. May 12-Traders', Lynchburg, Va. May 19-Miners' state, Cripple Creek, Col. Beiknap savings, Laconia, N. H. May 20- -State, Monticello, Ind State national, Logansport, Ind Third national, New York. May 21-First national, Orleans, Neb. May 24-Bank of Johnston, Neb. Jun 1-Merchants', Lincoln, Neb. Jun 9-Boone county, Harrison, Ark. Jun 14-First state, Fenton, Mich. Jun 9-Union Trust and Savings, Tacoma, Wash Keystone national, Erie, Pa. (voluntary). Jul 7-First national, Mason, Tex. Jul 14-Nebraska national, York, Neb. Jul 23-Bank of Monmouth Springs, Ark. Jul 31-First national, Asheville, N. C., (voluntary). Aug -People's savings, Mount Pleasant, Mich. Aug 27-Bank of Minneapolis, Minn. Aug 31-State, Ambia, Ind First state, McPherson, Kan. Sep 2-First national, Greensburg, Ind. 14-Bank of Durand, III. Sep Sep 18-First national, Benton Harbor, Mich. Sep 20-Bank at Rico, Col. Sep 29-Bank at Montrose, Col. Oct 18-City, Sherman, Tex. Oct 19-Edgerton (Wis.) bank. Oct 21-Bank of Lodi, Wis. Oct 22-National of Asheville, N.C. Nov 9-John A. Willard, banker at Mankato, Minn.; $480,000. Nov 13-Bank of Antigo, Wis. Banks at Leavenworth, Marengo and English, Ind. Nov 16-Della county (Col.) bank. Nov 20-State bank of Holstein, Neb. Dec 2-Piedmont state, at Morgantown, N. C. Dec 13-Stock exchange, at El Reno, O.T. Dec 21-First national, Pembina, N. D. Dec 23-Chestnut Street national, and Chestnut Street Trust and Savings Fund Co., Philadelphia; $3,000,000.