Merchants National Bank (Chicago, IL)

View Charter #642 on SPMC View balance sheet

Episode Information

Episode UID
64201243
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
6420 national
Charter Number
642
Start Date
July 15, 1903
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e49d5dadedad7ad0

Response Measures

None

Events (4)
1. December 24, 1864 Chartered
Source
historical_nic
2. March 29, 1902 Voluntary Liquidation
Source
historical_nic
3. July 15, 1903 Receivership
Newspaper Excerpt
Merchants National, Chicago, in receiver's hands
Source
newspapers
4. December 23, 1904 Receivership
Newspaper Excerpt
Merchants National, Chicago. In receiver's hands.
Source
newspapers

Newspaper Articles (4)
1. December 23, 1896 The News & Observer Raleigh, NC
Article from The News & Observer, December 23, 1896

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Article Text

STOCKS. To-day's stock market was a small, narrow and sensitive affair, showing no decided tendency in either direction, with the business almost wholly local and largely of a professional character. During the first hour's business prices were sustained at about last night's range on some bull movement in Sugar, Chicago Gas andBurlington, but as this demand soon subsided, and it was seen that commission business was practically dull, with no substantial support from the large outside moneyed interests, the bear traders resumed their raiding tactics. Covering shorts later by smaller dealers, and the declaration of the Vanderbilt regular dividends on Lake Shore, New York Central and Michigan Central led to a slight rally toward noon, but the market again eased off upon the Canada Southern dividend being reduced from 11/4 to 1 per cent. Less favorable Chicago advices, with all the savings banks there compelled to fall on the sixty days' notice rule to all depositors desirous of drawing more than $100, on account of small runs on all of them from yesterday's bank troubles, and on the failure this morning of the bank of Minnesota at St. Paul, which was the largest and the oldest bank there. The whole list receded under renewed liquidation and short selling, and closed irregular and heavy with a decline extending 1 to 2 per cent. ,with the latter in Manhattan, C. S., J. C. and D. H., Manhattan's weakness was due to renewed liquidation and bear pressure, C. S., on reduced dividend, C. H., on liquidation of rumors of an impending reduction in its annual dividend from 7to 6 per cent. C. J. declined 1½ per cent, in sympathy with the weak D. H., and Readi g one per cent. The Grangers were affected by Chicago liquidation on the nervousness there, and at St. Paul, over the financial situation. Tobacco was manipulated, and advanced 2 per cent., by brokers who usually act for insiders. Nothing was done on the Cuban resolutions in the Senate, which adjourned over until January 5th, when the debate on the question will be resumed. E B CUTHBERT & CO

2. January 4, 1897 The Atlanta Constitution Atlanta, GA
Article from The Atlanta Constitution, January 4, 1897

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Article Text

ASKING THE EAST TO HELP THEM Chicago Banks Call for Money to Tide Them Ove the Trouble. Washington, January 3.-(Special.)-The situation relative to the banks in Chicago and other of the western cities is being considered by Comptroller Eckels and others of the treasury department. The condition of western banks is far more serious than is generally imagined by the public. The recent failures in Chicago and St. Paul have, according to the treasury authority, placed western finances in a tottering condition. For the past three days the Chicago banks have been telegraphing to New York, Philadelphia, Baltimore and Washington banks for assistance. So far it is not believed by the treasury officials that satisfactory responses have been made in the east, therefore greater trouble is feared, and unless all the western banks go to each other's support it is argued there may be a general western bank panic. Comptroller Eckels said tonight that he had no fear of the southern banks, as few, If any, had any great interchange of business with the Chicago concerns, but the seat of apprehension lay exclusively at Chicago and points west of there. Mr. Eckels is, in truth, apprehensive, and while doing all within his power to avert a break in the west, he is not without fear that

3. July 15, 1903 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, July 15, 1903

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Article Text

Fire Ins. Co., Chicago, same as above; Merchants and Manufacturers, Dover, Del., Chicago, not licensed; Mercantile F. and M., Washington, D. C., pro- ceedings to annul charter com- menced; Mercantile Ins. Co., Wilming- ton, Del.; Merchants Ins. Co., Charles- ton, W. Va.; Merchants Underwriters at Indemnity Exchange, Chicago, Lloyds; Merchants National, Chicago, in receiver's hands; Mt. Vernon, Alex- andria; Mutual Trust Co., Dover, Del.; Millers Mutual Ins. Co., Kansas City; Mercantile Fire Ins. Co., Indianapolis; Merchants Fire Underwriters, Chicago, Lloyds; Northwestern Fire Ins. Co., Chicago, not licensed; National Fire Ins. Co., Chicago, not licensed; *Na- tional Ins. and Investment Co., Dover, Del., Chicago, not licensed; Northwest- ern Fire Ins, Co., Chicago, not licensed; National Republic Fire Ins, Co., Chicago, not licensed; People's Fire Insurance Co., Kenosha, Wis., Prairie State Ins. Co., Chicago, incorporated W. Va., not licensed; Pulaski Kans. Co., Chicago, in receiver's hands; People's Ins. Co., Dallas; Regal Ins. Co., Chicago, not li- censed; Southern Ins. Co., Corsicana; Security Mutual Ins. Co., Omaha, in hands of receiver; Skane F. & M., New York; Star Fire and Burglary, Scot- land; Southern Fire Ins. Co., Atlanta, Ga., charter expired, not licensed; Se- curity F. and M. Ins. Co., Washing- ton, D. C., incorporated W. Va., suit of ouster pending; Traders Fire Lloyds, New York: Texas Fire Ins. Co., Waco, Texas; Threshermen's Protective As- sociation, New York; Union Fire Ins. Co., Charleston, W. Va.; Underwriters at Standard Lloyds, New York; Union Fire Co., Chicago, not licensed; Ver- non Ins. and Trust Co., Indiana, re- ceiver; Western Fire Ins., Chicago, not licensed; Western Illinois Ins. Co., Chicago, not licensed; Washington Fire, D. C., Western Fire, Marine and Plate Glass, Chicago, in receiver's hands; Western Ins. Co., Aurora, same company as above; Western Consoli- dated Underwriters, Chicago, Lloyds. * Special charter. The examination of candidates for advancement in the National Guard took place on Tuesday morning at 10 o' clock in the office of Adjutant Gener- al A. B. Farnham. The board consisted of Gen. Frank L. Hoyt, Lewiston; In- spector General, Col. L. H. Kendall, Biddeford, commanding the first regi- ment, and Col. E. E. Newcomb, East- port, commanding the second regiment. The examination lasted until 12.30 o'clock and when over it was an- nounced that all those who had ap- peared before the board passed. Fol- lowing is the list of those who took the examination: ### FIRST INFANTRY. Major William O. Peterson, (re-elec- ted Major). Capt. William C. Good- win (re-elected Captain) Co. K. Ser- geant Preston J, Carver, (Second Lieu- tenant-elect) Co. C. Second Lieut. Al- lie O. Pillsbury, (First Lieutenant- elect) Co. H. Q. M. Sergeant James F. Carver, (Second Lieutenant-elect) Co. H. Sergt. D. J. Lawler (First Lieu- tenant-elect) Co. L. ### SECOND INFANTRY. Major Frank M. Hume, (Lieutenant Colonel-elect). Captain Fen. B. Thompson, (Major-elect). First Sergt. Chase Pulsifer, (First Lieutenant-elect) Co. D. Second Lieut. Daniel B. Belch- er, (First Lieutenant-elect) Co. K. Sergeant Joseph F. Norton, (Second Lieutenant-elect) Co. K. A hearing was held by the fish and game commissioners at Springvale, Monday, on the petition of the Spring- vale Fish and Game Club for the clos- ing of brooks and streams tributary to Mousam and Square ponds in Acton and Shapleigh. The petition was granted. These ponds are well stocked with salmon and trout, the trout having been placed there only within a few years, but this year fish weighing 12 pounds have been taken in these ponds. The members of the club informed the commissioners that it was the best fishing season this year ever known by them at these waters. Percy H. Richardson, a well-known civil engineer of Portland, was at the room of the railroad commissioners all day, Tuesday, on business. The members of the board of railroad commissioners are at Portland, this week, attending the annual convention of the railroad commissioners of the country. The following are among the recent visitors to the fish and game depart- ment: Henrietta H. Johnson, Winthrop Cen-

4. December 23, 1904 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, December 23, 1904

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Article Text

Headache Biliousness, sour stomach, constipation and all liver ills are cured by Hood's Pills The non-irritating cathartic. Price 25 cents of all druggists or by mail of C. Hood & Co., Lowell, Mass. Columbia Ins. Co., Chicago. Not 11censed. Central Ins. Co., Chicago; incorporited. W. Va. Not licensed. Commercial Fire Ins. Co., Chicago. Not licensed. Commercial Fire Ins. Co., Philadelphia. Commercial Fire Ins. Co., Wilmington, Del. Continental Fire Asso., Fort Worth, Texas. In hands of receiver. Commerce. New Albany, Ind. Special charter; mandamus to compel report pending. Commonwealth Ins. Co., W. Va., Chieago. Not licensed. Continental Underwriters, Chicago. Not licensed; a Lloyds. Capitol Ins. Co., Jackson, Miss. in hands of receiver. Delaware Trust & Ins. Co., Wilmington. Del. Equitable Fire Ins. Co., Wilmington, Del. Equitable, Indianapolis. Special char'er; mandamus suit to compel report ending. Elgin National Ins. Co., Chicago. No vidence that this company is doing business. Not authorized. Fire Association, New York. Lloyds. Fort Wayne Ins. Co., Fort Wayne, ind. receiver. Georgia Indemnity Asso., Atlanta. Ga. Georgia Industrial Ins. Co., Chicago. Not licensed. German Union. Wilmington. Del. Germania Fire Ins. Co., Chicago. Inorporated W. Va. Not licensed. Great Britain Ins. Co., of London. Chicago. Not licensed. Illinois Ins. Co., Chicago. Ne evtdence that this company is trying to do any business. Not authorized. Interstate Ins. Co., Chicago; incorporated in W. Va. Imperial of Chicago. Not licensed. Independent Fire Underwriters, Springfield, III. Lloyds. Indiana Underwriters. Indianapolis. Received. Inter Ocean Ins. Co., Chicago. Lloyds. Kenosba Fire Ins. Co., Kenosba, Wis. London Fire Office. Lincoln Ins. & Banking Co., Hamnond, Ind. Receiver. Lincoln Fire, Chicago. Not licensed. Lloyd's Fire of Sweden. Mercantile Fire Ins. Co., Chicago. Claims not to be an Illinois corporation. Not licensed. Mutual Ins. & Industrial, Dover, Del., Chicago. Not licensed. Mercantile Fire Ins., Chicago. Same as above. Merchants & Manufacturers, Dover. Del., Chicago. Not licensed. Mercantile. F. & M., Washington, D. C. Proceedings to annual charter commenced. Mercantile Ins: CoaWlmington, Del. Merchants Ins. Co., Charleston, W. Va. Merchants Underwriters at Indemity Exchange. Chicago. Lloyds. Merchants National, Chicago. In reeiver's hands. Mt. Vernon. Alexandria. Mutual Trust Co., Dover, Del. Miller's Mutual Ins. Co., Kansas City. Mercantile Fire Ins. Co. Indianapois. Merchants Fire Underwriters, Chicago. Lloyds. Northwestern Fire Ins. Co., Chicago. Not licensed. National Fire Ins. Co., Chicago. Not licensed. National Ins. and Investment Co., Dover. Del., Chicago. Not licensed. Northwestern Fire Ins. Co., Chicago. Not licensed. National Republican Fire Ins. Co., Chicago. Not licensed. People's Fire Ins. Co., Kenosba, Wis. Prairie State Ins. Co., Chicago; incorporated in W. Va. Not licensed. Pulaski Mutual Ins. Co., Chicago. In receiver's hands. Peoples' Ins. Co., Dallas. Regal Ins. Co., Chicago. Not licensed. Southern Ins. Co., Corsicana. Security Mutual Ins. Co., Omaha. In hands of receiver. Skam F. & M., New York. Star Fire and Burglary, Scotland. Southern Fire Ins. Co., Atlanta, Ga. Charter expired. Not licensed. Security F. & M., Ins. Co., Washington. D. C.; incorporated, W. Va.: suit of ouster pending. Traders Fire Lloyds, New York. Texas Ins. Co., Waco, Texas. Threshmen's Protective Asso., New York. Union Fire Ins. Co., Charleston, W. Va. Underwriters at Standard Lloyds, New York. Union Fire Co., Chicago. Not licensed. Vernon Ins. & Trust Co., Indians. Received. Western Fire Ins. Co., Chicago. Not licensed. Washington Fire, D. C. Western Fire. Marine Plate Glass, Chicago. In receiver's hands.