6606. Deposit Bank (Vanceburg, KY)

Bank Information

Episode Type
Run β†’ Suspension β†’ Closure
Bank Type
state
Start Date
January 12, 1892
Location
Vanceburg, Kentucky (38.599, -83.319)

Metadata

Model
gpt-5-mini
Short Digest
56a5484f9347ddf2

Response Measures

None

Description

Multiple contemporaneous newspapers (Jan 12–15, 1892) report a run on the Vanceburg Deposit Bank caused by a disagreement among stockholders. The bank closed its doors and the business will be wound up, indicating permanent closure/liquidation. Date taken as 1892-01-12 based on publication dispatches.

Events (3)

1. January 12, 1892 Run
Cause
Bank Specific Adverse Info
Cause Details
Run triggered by a disagreement/dissatisfaction among the bank's stockholders.
Measures
Bank closed its doors; business to be wound up (liquidation).
Newspaper Excerpt
The Vanceburg Deposit Bank closed to-day on account of a run occasioned by dissatisfaction among the stockholders.
Source
newspapers
2. January 12, 1892 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Following the run caused by stockholder disagreement, the bank suspended operations and planned to wind up the business (permanent closure).
Newspaper Excerpt
The Vanceburg Deposit Bank closed its doors Tuesday after heavy run ... The business will be wound up.
Source
newspapers
3. * Other
Newspaper Excerpt
The stock was $25,000. The bank was sound financially. The business will be wound up.
Source
newspapers

Newspaper Articles (5)

Article from The Wheeling Daily Intelligencer, January 13, 1892

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Article Text

will Wind Up Business. LOUISVILLE, Ky., Jan. 12.-The Vanceburg Deposit Bank closed to-day on account of a run occasioned by dissatisfaction among the stockholders. The stock was $25,000. The bank was sound financially. The business will be wound up.


Article from Wheeling Register, January 13, 1892

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Article Text

NO INFORMATION. The Bank Examiner Gives Out Nothing New-Green Gives Ball. WILLIAMSPORT, PA., January 12.-The bank examiner investigating the Muney Bank has not made public much additional in reference to its condition. The arrested ex-official, Dela Green, furnished bail in the sum of $5,000 for a hearing on January 19. He protests his innocence, and to-day tried to have warrants issued for the arrest of some of the other officers, but did not succeed. Bank Examiner Dingler has not progressed very far with the examination of the banks finances, but finds a shortage of $15,000 in cash. Green avers that the funds were all right when be examined the bank in 1890. The other officers-say that the surplus funds were in the vault of which they did not the combination, and which they made no effort to open during the past two years. Other Business Troubles. Bloch & Schwerin, carriage manufacturers. at Philadelphia, have assigned. Liabilities, $75,000; assets the same. At Providence, R. I., Frederick A. Patterson, manager of the Reliable Benefit Order, was arrested yesterday for violating the insurance laws of the State. The organization is represented to be an endowment insurance society chartered in West Virginia, but it has not complied with the laws of Rhode Island, and hence has been doing an unlawful business. Poor colored people are the principal victims. The Vanceburg, Ky., Deposit Bank closel yesterday on account of a run occasioned by dissatisfaction among the stockholders. The stock was $25,000. The bank was sound financially. The business will be wound up.


Article from Grand Rapids Herald, January 14, 1892

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Article Text

BRIEF DISPATCHES. The Nebraska Farmers' Alliance is in session at Lincoln. Tuesday an orange and lemon trust was formed at Riverside, Cal. Deep snow in central Illinois is a great benefit to winter wheat. Nicaragua offers lands free and a bounty on trees to coffee growers. At Worcester, Mass., Tuesday, the mills of the Pratt Manufacturing Company were burned. Loss, $60,000. Three thousand men in the mills of Caraegie, Phipps & Co., at Homestead, Pa., are likely to strike, it is said. The mansion of Sir John Everett Millais, the distinguished painter, at Perth, Scotland, burned Tuesday. The Garza revolutionists are said to have eaptured Casas Grande, Mex, a town south of Ascension, after a hard fight. Patrick Costello, a miser of Detroit, died Tuesday leaving an estate worth nearly $$0,000. He has no known relatives. James Walsh, a commission merchant of New Orleans, made an assignment Tuesday. Assets, $136,000; liabilities, $03,000. The Power block at Cleveland, O., occupied by several manufacturing companies, has been burned, causing s loss of $140,000. The Vanceburg (Ky.) Deposit bank closed Tuesday on account of a run. The business will be wound up. The stock was $25,000. Frank Rutherford, of Cincinnati, while intoxicated, quarreled with his wife and killed her by thrusting a pair of shears into her back. At Brooklyn Tuesday Rev. William R. Robinson resigned from the Baptist denomination because he no longer considered immersion necessary.


Article from Semi-Weekly Interior Journal, January 15, 1892

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Article Text

NEWSY NOTES. -There are 150 convicts in Kentucky of 18 years and under. -Ex Judge G. V. Howk, of the supreme court of Indiana, died at New Albany. -An unknown man had his head cut off by the cars near Flat Lick, Knox county. -The $50,000 court-house at Cadiz, Trigg county, burned, but the records were saved. -A Rhol Island man made a net profit of $2,700 in six months by raising skunks for market. -A disagreement among the directors caused a run on the Vanceburg deposit bank, which had to close its doors. -A Chinese steamer in the China sea went down with its passengers and crew of 414 persons and all were lost. -Francis B. Linville was appointed pΓ³st-master at Madaline, Pulaski, and J. G. Shepherd, at Oak Hill, Whitley. -Gov. Brown has refused to interfere in the case of Jesse Brown, colored, under sentence to hang at Paducah Februaty 5. -Mrs. Fannie Wallace, aged 60, suicided at Frankfort by emptying both barrels of a shotgun into her side. No cause is assigned. -Pueblo, Wayne county, with J. T. Bates postmaster, and Joyce, Casey county, Grant Elliott postmaster, are postoffices just established. -The sailors on board the Miantonomah, the most powerful warship in the American fleet, have dubbed the vessel "My-aunt-won't-know-me." -The democrats of the New Jersey Legislature are four to one in favor of Cleveland and by a majority of two Blaine takes the republicans. -Sibley's big seed warehouse at Rochester, N. Y., burned. causing a loss of $300,000. Its heavy walls fell on a Baptist church crushing it in. -A clerkship in the agricultural department, Washington, has been secured by Frederick Douglas for a girl whose father owned him in slavery days.


Article from The Sentinel Democrat, January 20, 1928

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Article Text

LOOKING BACKWARD Interesting Facts of the Long Ago Taken From Files of The Sentinel-Democrat 1913 A motorcycle that has attained the most astonishing speed of 97 miles per hour has been exhibited in Cincinnati, Ohio. Cattle and hogs are scarcer in Montgomery county than they have been in long time. Very few animals -either cattle or hogs-are being offered for sale. The prophecy that Uncle Sam's mail carriers will soon be transporting mail by air is very probable. Samuel S. Davis, who was a native of Mt. Sterling, and has many relatives in this county, recently died at Rich Mill, Mo. The papers of Rich Mill pay beautiful tributes to the life and character of Mr. Davis. 1872 Hon. John Sherman has been elected to the United States senate from Ohio. Last Monday was court day, but a very small crowd was here. Stock brought some very low prices last Monday at the court day sales. L. D. Wilson and wife have returned from California, where they have been visiting relatives. The protracted meeting at the Christian church last week, under the ministration of Elder R. M. Gano, resulted in four additions to the church membership. 1892 It is said that magnates of the Standard Oil Company have offered $3,000,000 for the Newsport News and Mississippi Valley railroad, extending from Huntington, W. Va., to Lexington, Ky. The Vanceburg Deposit Bank closed its doors Tuesday after heavy run, caused by a disagreement among the stockholders. The past week was a good ice season and many ice houses in this county were filled with that best of summer luxuries. J. W. Hedden, the local editor of the Gazette, has bought the interest of J. H. Mason in the Mt. Sterling Advocate. The play, She Couldn't Marry Three," was most heartily enjoyed by our folks here the past week. Miss Kennedy and John J. Kennedy play the leading roles and the fun these two do have is simply hilarious. Household Accounts The woman in the home partnership often handles the greater part of the family money and keeps the accounts. The bureau of home economics of the United States Department of Agriculture believes in keeping records of family expenditures for the same reasons that business accounting is considered important. The various groups of home expenses -food, housing, clothing, and so on may be compared to the different sections of business enterprise. Without a satisfactory system of records there would be no way for the business man to know which departments were well managed and which needed to be reduced. In a similar way any group of household expenses must stay within the budget for that group. It is not enough, therefore, merely to list home expenditures in miscellaneous order and add them up. They must be classified under definite heads, so that they can be analyzed, and used as guide to future spending. To simplify the home-maker's task in keeping track of household expenditures, the bureau of home economics has planned a loose-leaf account book with marginal indexes and concise directions for entering expenditures under the correct heads. There are pages for estimating the yearly income and probable expenditures, for recording insurance and investments, for making a summary of property owned and a household inventory. Special pages are furnished for farm families who depend in part on home-grown products. The account book may be purchased for fifty cents in cash from the superintendent of documents, Government Printing Office, Washington, D. C. The department of agriculture has no supply for free distribution.