Belmont National Bank (Belmont, OH)

Episode Information

Episode Type
Suspension → Closure
Start Date
February 25, 1903
Location
Belmont, Ohio (40.028, -81.041)
Bank Type
national
Charter Number
6391

Metadata

Receivership Details

Depositor recovery rate
34.3%
Date receivership started
1932-12-01
Date receivership terminated
1937-02-15
Share of assets assessed as doubtful
100.0%

Notes

Articles only list the bank among business failures without detail; receivership implied but not described explicitly.

Events (5)

1. August 19, 1902 Chartered
Source
historical_nic
2. February 25, 1903 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Reported in a list of business failures; implies insolvency or failure leading to suspension.
Newspaper Excerpt
25.—Belmont (O.) national bank.
Source
newspapers
3. February 25, 1903 Receivership
Newspaper Excerpt
Belmont (O.) national bank listed among business failures (receivership implied).
Source
newspapers
4. February 28, 1931 Voluntary Liquidation
Source
historical_nic
5. December 1, 1932 Receivership
Source
historical_nic

Newspaper Articles (14)

Article from The Rich Hill Tribune, January 1, 1903

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Article Text

BUSINESS FAILVRES

Jan. 10-Cleveland. O., Euelid Trust & Savings Co.: $1 1,500,000. II-Painesville, O. People's bank: $173,000 Chirago, Geo. H. Phillips, "corn king, falls for second time in 7 months. 17-Albany, Ga., Commercial bank: $123,000 2-Bellwood. Neb., Platte Valley state bank Feb. 10-Detroit, Mich. City savings bank. on account of shortage of Vice President Frank c. Andrews Il-Belment (0) national bank Burnett Tex., private bank of W. R. Westfall & Co. Mar. 1-Elkhart, III., State bank. II-Wanatah Ind., Julhia Center banker. Americus, Ga., People's bank: $30,000. Apr 4-BL Paul, U. S. Saving & Loan Co.: $800,000. N-Algonaç (Mich.) Banking Co.'s bank; $32,000 Jun. 3-Chicago, John A. & Alexander Davideen. marble contractors $1,891,888. II-Charlesten (S. C.) Exposition Co., placed in receivers' hands: $450,000. as Murdeck, Neb., German state bank: $37,000 Jul. -New York city, M. P. Anderson, real estate operator; $1,580,242 20-Brooklyn. N. X4 Malcolm Brewing Co.: $800.000. Allg 16-Elgin, IIL. Obadlah Bands Butfor corporation, $445,000. 20-Clayeland, O., Forward Reduction Co., beening Texas all: $500.000. 24 Kloora (Ind) bank $10.000. step -New York American bioycle trust. -Treaton. N. In National Balt Ca sell $800,000.


Article from Perrysburg Journal, January 2, 1903

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Article Text

BUSINESS FAILURES.

Jan. 10—Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11—Painesville, O., People's bank; $173,000. 14—Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17—Albany, Ga., Commercial bank; $123,000. 28—Bellwood, Neb., Platte Valley state bank. Feb. 10—Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.—Belmont (O.) national bank. 26—Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3—Elkhart, Ill., State bank. 15—Wanatah, Ind., Julius Conitz, banker. 20—Americus, Ga., People's bank; $30,000. Apr. 4—St. Paul, U. S. Saving & Loan Co.; $800,000. 24—Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3—Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13—Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30—Murdock, Neb., German state bank; $37,000. Jul. 3—New York city, M. P. Anderson, real estate operator; $1,535,212. 29—Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16—Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20—Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24—Elnora (Ind.) bank; $10,000. Sep. 2—New York, American bicycle trust. Oct. 7—Oto, Ia., bank of F. H. Cutting & J. T. Willett; $20,000. 16—New York, Gillman, Son & Co's banking house; $200,000. Nov. 5—Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13—Boston, Central national bank. Dec. 8—Omaha, W. H. Bennett Co.'s department store.


Article from Little Falls Herald, January 2, 1903

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Article Text

BUSINESS FAILURES.

Jan. 10—Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 13—Painesville, O., People's bank; $173,000. 22—Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 27—Albany, Ga., Commercial bank; $123,000. 28—Bellwood, Neb., Platte Valley state bank.

Feb. 10—Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 21—Belmont (O.) national bank. 25—Burnett, Tex., private bank of W. H. Westfall & Co.

Mar. 3—Elkhart, Ill., State bank. 15—Wanatah, Ind., Julius Conitz, banker. 22—Americus, Ga., People's bank; $30,000.

Apr. 4—St. Paul, U. S. Saving & Loan Co.; $800,000. 22—Algonac (Mich.) Banking Co.'s bank; $32,000.

Jun. 3—Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 12—Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 18—Murdock, Neb., German state bank; $37,000.

Jul. 3—New York city, M. P. Anderson, real estate operator; $1,535,212. 23—Brooklyn, N. Y., Malcolm Brewing Co.; $800,000.

Aug. 16—Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 22—Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 28—Elnora (Ind.) bank; $10,000.

Sep. 2—New York, American bicycle trust. 29—Trenton, N. J., National Salt Co. ("salt trust"); $300,000.


Article from The Bourbon News, January 2, 1903

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Article Text

BUSINESS FAILURES.

Jan. 10—Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11—Painesville, O., People's bank; $173,000. 14—Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17—Albany, Ga., Commercial bank; $123,000. 28—Bellwood, Neb., Platte Valley state bank. Feb. 10—Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.—Belmont (O.) national bank. 26—Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3—Elkhart, Ill., State bank. 15—Wanatah, Ind., Julius Conitz, banker. 20—Americus, Ga., People's bank; $30,000. Apr. 4—St. Paul, U. S. Saving & Loan Co.; $800,000. 24—Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3—Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13—Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30—Murdock, Neb., German state bank; $37,000. Jul. 3—New York city, M. P. Anderson, real estate operator; $1,535,212. 29—Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16—Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20—Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24—Elnora (Ind.) bank; $10,000. Sep. 2—New York, American bicycle trust. Oct. 7—Oto, Ia., bank of F. H. Cutting & J. T. Willett; $20,000. 16—New York, Gillman, Son & Co's banking house; $200,000. Nov. 5—Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13—Boston, Central national bank. Dec. 8—Omaha, W. H. Bennett Co.'s department store.


Article from The L'anse Sentinel, January 3, 1903

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Article Text

BUSINESS FAILURES.

Jan. 10—Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11—Painesville, O., People's bank; $173,000. 14—Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17—Albany, Ga., Commercial bank; $123,000. 28—Bellwood, Neb., Platte Valley state bank. Feb. 10—Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.—Belmont (O.) national bank. 26—Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3—Elkhart, Ill., State bank. 15—Wanatah, Ind., Julius Conitz, banker. 20—Americus, Ga., People's bank; $30,000. Apr. 4—St. Paul, U. S. Saving & Loan Co.; $800,000. 24—Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3—Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13—Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30—Murdock, Neb., German state bank; $37,000. Jul. 3—New York city, M. P. Anderson, real estate operator; $1,535,212. 29—Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16—Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20—Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24—Elnora (Ind.) bank; $10,000. Sep. 2—New York, American bicycle trust. Oct. 7—Oto, Ia., bank of F. H. Cutting & J. T. Willett; $20,000. 16—New York, Gillman, Son & Co's banking house; $200,000. Nov. 5—Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13—Boston, Central national bank. Dec. 8—Omaha, W. H. Bennett Co.'s department store.


Article from Barton County Democrat, January 9, 1903

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Article Text

BUSINESS FAILURES.

Jan. 10—Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11—Painesville, O., People's bank; $173,000. 14—Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17—Albany, Ga., Commercial bank; $123,000. 28—Bellwood, Neb., Platte Valley state bank. Feb. 10—Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.—Belmont (O.) national bank. 26—Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3—Elkhart, Ill., State bank. 15—Wanatah, Ind., Julius Conitz, banker. 20—Americus, Ga., People's bank; $30,000. Apr. 4—St. Paul, U. S. Saving & Loan Co.; $900,000. 24—Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3—Chicago, John A. & Alexander Davidson, marble contractors; $1,391,538. 13—Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30—Murdock, Neb., German state bank; $37,000. Jul. 3—New York city, M. P. Anderson, real estate operator; $1,535,212. 29—Brooklyn, N. Y., Malcom Brewing Co.; $800,000. Aug. 16—Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20—Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24—Elnora (Ind.) bank; $10,000. Sep. 2—New York, American bicycle trust. Oct. 7—Oto, Ia., bank of F. H. Cutting & J. T. Willett; $20,000. 16—New York, Gilman, Son & Co's banking house; $200,000. Nov. 5—Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13—Boston, Central national bank. Dec. 8—Omaha, W. R. Bennett Co.'s department store.


Article from The Jasper Weekly Courier, January 9, 1903

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Article Text

BUSINESS FAILURES.

Jan. 10—Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11—Painesville, O., People's bank; $173,000. 14—Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17—Albany, Ga., Commercial bank; $123,000. 28—Bellwood, Neb., Platte Valley state bank. Feb. 10—Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.—Belmont (O.) national bank. 26—Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3—Elkhart, Ill., State bank. 15—Wanatah, Ind., Julius Conitz, banker. 20—Americus, Ga., People's bank; $30,000. Apr. 4—St. Paul, U. S. Saving & Loan Co.; $800,000. 24—Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3—Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13—Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30—Murdock, Neb., German state bank; $37,000. Jul. 3—New York city, M. P. Anderson, real estate operator; $1,535,212. 29—Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16—Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20—Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24—Elnora (Ind.) bank; $10,000. Sep. 2—New York, American bicycle trust. Oct. 7—Oto, Ia., bank of F. H. Cutting & J. T. Willett; $20,000. 16—New York, Gillman, Son & Co's banking house; $200,000. Nov. 5—Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13—Boston, Central national bank. Dec. 8—Omaha, W. H. Bennett Co.'s department store.


Article from The Kinsley Graphic, January 9, 1903

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BUSINESS FAILURES.

Jan. 10—Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11—Painesville, O., People's bank; $173,000. 14—Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17—Albany, Ga., Commercial bank; $123,000. 28—Bellwood, Neb., Platte Valley state bank. Feb. 10—Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.—Belmont (O.) national bank. 26—Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3—Elkhart, Ill., State bank. 15—Wanatah, Ind., Julius Conitz, banker. 20—Americus, Ga., People's bank; $30,000. Apr. 4—St. Paul, U. S. Saving & Loan Co.; $800,000. 24—Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3—Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13—Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30—Murdock, Neb., German state bank; $37,000. Jul. 3—New York city, M. P. Anderson, real estate operator; $1,535,212. 29—Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16—Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20—Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24—Elnora (Ind.) bank; $10,000. Sep. 2—New York, American bicycle trust. Oct. 7—Oto, Ia., bank of F. H. Cutting & J. T. Willett; $20,000. 16—New York, Gillman, Son & Co's banking house; $200,000. Nov. 5—Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13—Boston, Central national bank. Dec. 8—Omaha, W. H. Bennett Co.'s department store.


Article from The Forrest City Times, January 9, 1903

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BUSINESS FAILURES.

Jan. 10—Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11—Painesville, O., People's bank; $173,000. 14—Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17—Albany, Ga., Commercial bank; $123,000. 28—Bellwood, Neb., Platte Valley state bank. Feb. 10—Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.—Belmont (O.) national bank. 26—Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3—Elkhart, Ill., State bank. 15—Wanatah, Ind., Julius Conitz, banker. 20—Americus, Ga., People's bank; $30,000. Apr. 4—St. Paul, U. S. Saving & Loan Co.; $800,000. 24—Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3—Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13—Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30—Murdock, Neb., German state bank; $37,000. Jul. 3—New York city, M. P. Anderson, real estate operator; $1,535,212. 29—Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16—Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20—Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24—Elnora (Ind.) bank; $10,000. Sep. 2—New York, American bicycle trust. 30—Trenton, N. J., National Salt Co. ("salt trust"); $300,000.


Article from Newport Weekly Independent, January 9, 1903

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BUSINESS FAILURES.

Jan. 10—Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11—Painesville, O., People's bank; $173,000. 14—Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17—Albany, Ga., Commercial bank; $123,000. 28—Bellwood, Neb., Platte Valley state bank. Feb. 10—Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25—Belmont (O.) national bank. 26—Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3—Elkhart, Ill., State bank. 15—Wanatah, Ind., Julius Conitz, banker. 20—Americus, Ga., People's bank; $30,000. Apr. 4—St. Paul, U. S. Saving & Loan Co.; $800,000. 24—Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3—Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13—Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30—Murdock, Neb., German state bank; $37,000. Jul. 3—New York city, M. P. Anderson, real estate operator; $1,535,212. 29—Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16—Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20—Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24—Elnora (Ind.) bank; $10,000. Sep. 2—New York, American bicycle trust. 30—Trenton, N. J., National Salt Co. ("salt trust"); $300,000.


Article from The Scranton Chronicle, January 10, 1903

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BUSINESS FAILURES.

Jan. 10—Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11—Painesville, O., People's bank; $173,000. 14—Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17—Albany, Ga., Commercial bank; $123,000. 28—Bellwood, Neb., Platte Valley state bank. Feb. 10—Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.—Belmont (O.) national bank. 26—Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3—Elkhart, Ill., State bank. 15—Wanatah, Ind., Julius Conitz, banker. 20—Americus, Ga., People's bank; $30,000. Apr. 4—St. Paul, U. S. Saving & Loan Co.; $800,000. 24—Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3—Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13—Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30—Murdock, Neb., German state bank; $37,000. Jul. 3—New York city, M. P. Anderson, real estate operator; $1,535,212. 29—Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16—Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20—Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24—Elnora (Ind.) bank; $10,000. Sep. 2—New York, American bicycle trust. Oct. 7—Oto, Ia., bank of F. H. Cutting & J. T. Willett; $20,000. 16—New York, Gillman, Son & Co's banking house; $200,000. Nov. 5—Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13—Boston, Central national bank. Dec. 8—Omaha, W. H. Bennett Co.'s department store.


Article from Woodville Republican, January 10, 1903

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BUSINESS FAILURES.

Jan. 10—Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11—Painesville, O., People's bank; $173,000. 14—Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17—Albany, Ga., Commercial bank; $123,000. 28—Bellwood, Neb., Platte Valley state bank. Feb. 10—Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.—Belmont (O.) national bank. 26—Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3—Elkhart, Ill., State bank. 15—Wanatah, Ind., Julius Conitz, banker. 20—Americus, Ga., People's bank; $30,000. Apr. 4—St. Paul, U. S. Saving & Loan Co.; $800,000. 24—Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3—Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13—Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30—Murdock, Neb., German state bank; $37,000. Jul. 3—New York city, M. P. Anderson, real estate operator; $1,535,212. 29—Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16—Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20—Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24—Elnora (Ind.) bank; $10,000. Sep. 2—New York, American bicycle trust. Oct. 7—Oto, Ia., bank of F. H. Cutting & J. T. Willett; $20,000. 16—New York, Gillman, Son & Co's banking house; $200,000. Nov. 5—Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13—Boston, Central national bank. Dec. 8—Omaha, W. H. Bennett Co.'s department store.


Article from The Van Buren Press, January 10, 1903

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Article Text

BUSINESS FAILURES.

Jan. 10—Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11—Painesville, O., People's bank; $173,000. 14—Chicago, Geo. H. Phillips, "corn king," falls for second time in 7 months. 17—Albany, Ga., Commercial bank; $123,000. 28—Bellwood, Neb., Platte Valley state bank. Feb. 10—Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25—Belmont (O.) national bank. 26—Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3—Elkhart, Ill., State bank. 15—Wanatah, Ind., Julius Conitz, banker. 20—Americus, Ga., People's bank; $30,000. Apr. 4—St. Paul, U. S. Saving & Loan Co.; $800,000. 24—Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3—Chicago, John A. & Alexander Davidson, marble contractors; $1,391,835. 13—Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30—Murdock, Neb., German state bank; $37,000. Jul. 3—New York city, M. P. Anderson, real estate operator; $1,535,212. 29—Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16—Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20—Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24—Elnora (Ind.) bank; $10,000. Sep. 2—New York, American bicycle trust. 30—Trenton, N. J., National Salt Co. ("salt trust"); $300,000. Oct. 7—Oto, Ia., bank of F. H. Cutting & J. T. Willett; $20,000. 16—New York, Gillman, Son & Co's banking house; $200,000. Nov. 5—Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13—Boston, Central national bank. Dec. 8—Omaha, W. H. Bennett Co.'s department store.


Article from St. Tammany Farmer, February 7, 1903

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Article Text

BUSINESS FAILURES.

Jan. 10—Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11—Painesville, O., People's bank; $173,000. 14—Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17—Albany, Ga., Commercial bank; $123,000. 28—Bellwood, Neb., Platte Valley state bank. Feb. 10—Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.—Belmont (O.) national bank. 26—Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3—Elkhart, Ill., State bank. 15—Wanatah, Ind., Julius Conitz, banker. 20—Americus, Ga., People's bank; $30,000. Apr. 4—St. Paul, U. S. Saving & Loan Co.; $800,000. 24—Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3—Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13—Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30—Murdock, Neb., German state bank; $37,000. Jul. 3—New York city, M. P. Anderson, real estate operator; $1,535,212. 29—Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16—Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20—Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24—Elnora (Ind.) bank; $10,000. Sep. 2—New York, American bicycle trust. 30—Trenton, N. J., National Salt Co. ("salt trust"); $300,000. Oct. 7—Oto, Ia., bank of F. H. Cutting & J. T. Willett; $20,000. 16—New York, Gillman, Son & Co's banking house; $200,000. Nov. 5—Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13—Boston, Central national bank. Dec. 8—Omaha, W. H. Bennett Co.'s department store.