Exchange Bank (Seville, OH)

Episode Information

Episode UID
6711244891130
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
671124489 hash
Start Date
February 8, 1894
Location
Seville, Ohio (41.010, -81.862)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
dd320baf8643fc28

Response Measures

None

Events (3)

1. February 8, 1894 Suspension
Cause
Government Action
Cause Details
Closed by sheriff following announcement of failure; deposits seized and funds tied up.
Newspaper Excerpt
The failure of the Exchange Bank at Seville O., which was announced Wednesday, ... The sheriff made a levy on the bank Wednesday and found only $70 in the vault.
Source
newspapers
2. February 10, 1894 Receivership
Newspaper Excerpt
An application was made before Judge Voris, this morning, for the appointment of a receiver for the Exchange Bank at Seville, which was closed by the sheriff on Wednesday.
Source
newspapers
3. February 23, 1894 Other
Newspaper Excerpt
The failure of the Seville, O., Exchange bank has been followed by the discovery that Cashier Frank P. Wideman is short about $60,000.
Source
newspapers

Newspaper Articles (3)

Article from The Indianapolis Journal, February 10, 1894

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Article Text

Other Business Troubles. NEW YORK, Feb. 9.-John G. Prague, architect, assigned to-day to Charles Strauss, without preference. The assignee said the assets would amount to over $450,000; liabilities, $400,000. The failure is attributed to hard times in the real-estate market and the financial stringency. Sahak Arsen, jeweler, at No. 39 Maiden Lane, assigned to-day to George A. Miniasan. The liabilities are said to be very heavy. CLEVELAND, Feb. 9.-The failure of the Exchange Bank at Seville O., owned by Wideman, Shaw & Co., which was announced Wednesday, will involve more than at first announced. It is believed now that the liabilities will reach $50,000. The sheriff made a levy on the bank Wednesday and found only $70 in the vault. Corporation, township and school funds are tied up in the bank.


Article from The Indianapolis Journal, February 11, 1894

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Article Text

A ROBBER BANK. Took Deposits Up to the Time It Failed-Cash Assets but $69. AKRON, O., Feb. 10.-An application was made before Judge Voris, this morning, for the appointment of a receiver for the Exchange Bank at Seville, which was closed by the sheriff on Wednesday. Owing to the fact that deposits were received up to the time of the failure, there is great indignation among the depositors, many having lost all they possessed. The liabilities will reach $50,000, while the assets in cash amount to $69.


Article from Weekly Expositor, February 23, 1894

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Article Text

MINOR MICHIGAN NEWS. The Colon knitting mills has started up again and will soon employ 65 hands. Stephen Orton's 10-year-old son was drowned in the mill race at Three Rivers. A bed of fire clay has been discovered near Saugatuck, and will be utilized for brick making next season. Ole Hammer was instantly killed in the Volunteer mine, at Negaunee, by a mass of earth falling upon him. Siepke Minnema, a farmer, was struck by a train in Grand Rapids and tossed high in the air. He will die. Mrs. Lorin Giddings, of Onondaga, was badly-burned by an explosion of gasoline and is not expected to recover. The board of health of Pine Grove township, Van Buren county, has ordered free vaccination for all residents. The second annual meeting of the Lake Superior Mining institute will be held at Houghton, beginning March 7 Antrim county people will vote on a proposition for local option on March 12, and it is thought that the measure will pass. Willie Orton, son of Stephen Orton, aged 11 years, while playing on the ice at Three Rivers, fell into the water and was drowned. Ira Warren, who was kicked by a horse in December, died at his home in Emmet, aged 85. He was one of the pioneers of Calhoun county. School teachers of Cass, St. Joseph and Berrien counties held their first annual convention at Cassopolis; State Supt. Pattengill gave an address. Elmer Clarkson was killed by a limb falling upon him, while cutting timber about 10 miles east of Petoskey. He leaves a widow and two children. Rev. J. Brewster Hubbs, the Grand Rapids Episcopal divine who came out for socialism a short time ago, has now announced himself a single-taxer. On March 15, the publication of the Kalamazoo News, a new morning paper, will be begun at Kalamazoo. It will be independent in polities. The Muskegon Log Towing association handled 112,669,548 logs last year. This is the smallest number handled since 1865. The largest was 615,447,398, in 1884. It is estimated that $500,000 worth of ice has been contracted for in northern Michigan for shipment to the southern part of the state and Ohio and Indiana. A. R. McKenzie, an Alpena grocer, was before United States Commissioner McMath, at Bay City, on the charge of selling oleomargarine as butter, and also selling it at wholesale on a retail license. The false work of the bridge on the Chicago, Milwaukee & St. Paul road near Ellis Junetion fell, carrying with it fifteen carpenters and laborers a distance of twenty-five feet. One man was killed and several injured. An aged and eccentric farmer by the name of Harmer, near Ceresco, died recently. His son found about $500 in gold coin in a small bag in an oat bin. Continuing his search, he unearthed $10,000 more in the bottom of the bin. Joseph North, a sawyer in Rushnell township, Montcalm county, was clearing away sawdust from a circular saw with a stick. The saw threw the stick into his face with such force as to tear his nose nearly off and seriously injure him. The Canadian Pacific is reported to be after the Pontiac, Oxford & Northern railroad, asa means of tapping the "thumb" and other points to the north. If the deal is consummated the Pontiac road will probably be extended to Detroit. The failure of the Seville, O., Exchange bank has been followed by the discovery that Cashier Frank P. Wideman is short about $60,000. Wideman had turned his property over to his wife and feeling against him runs very high. James Youngs, 80 years of age and an old and respected resident of Yankee Springs township, Barry county, committed suicide by shooting. It is thought bis mind was affected. He had recently expressed himself as being in the fear of whitecaps. Annie Griffie, aged 12 years, colored, was driven from her home at Springfield O., after being severely beaten. She had nowhere to go and slept on a doorstep in a snowstorm. When found her clothing was frozen to the steps. She is being cared for by charity now. The village council of Bear Lake has passed an ordinance prohibiting the sale of liquors within the village, and making the payment of the United States revenue tax evidence of such sale. The ordinance is an entirely unique one and may lead to litigation L. W. Cole, editor of the Aibion Mirror, died of old age. He was past 81. Mr. Cole came to Michigan in 1838. He ran the Ann Arbor Argus for 17 years. In 1885 he went to Albion and started the Mirror, which he has conducted ever since. Mr. Cole was a life-long Democrat. Rev. E. O. Smith, president of the Star Publishing company, and for the past three years pastor of the Baptist church of Coldwater, has resigned to become assistant pastor of the Woodward Avenue church in Detroit. He was in college with Dr. MacLaurin, and will take up his work with him about March 1. A little over a year are Rebert W