W. F. Thornton & Son (Shelbyville, IL)

Episode Information

Episode UID
6858710891123
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
685871089 hash
Start Date
July 12, 1893
Location
Shelbyville, Illinois (39.406, -88.790)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5b9d989ab322b377

Response Measures

None

Events (1)
1. July 12, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Banking house made an assignment with liabilities of $500,000 indicating insolvency
Newspaper Excerpt
W. F. Thornton & son, bankers at Shelbyville, Ills., have failed.
Source
newspapers

Newspaper Articles (3)
1. July 12, 1893 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, July 12, 1893

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Article Text

ABBREVIATED TELEGRAMS. Lord Coleridge. lord chief justice of England, was taken suddenly in at the New Castle assizes. The court was adjourned. In a desperate battle between Mexican troops and Yaqui Indians the former were repulsed with the loss of their commander, Lieutenant Benite Rocha. Claiming that the Chicago and Northwestern railroad has discriminated against them. Cedar Rapids shippers have filed a $295,000 domage suit. A young man named Butler received a ducking at Kingston, Ia., by some residents who do not approve of intoxication. Caprivi has assured the kaiser that he counted on a majority of twenty-five to thirty in the German reichstag in favor of the army bill. Augustus Hemenway has invited the public school teachers of Canton, Mass., twenty-six in number, to a ten-day trip to the World's fair at his expense. Japan is anxious to forward emigration. Large numbers have already gone to the Sandwich islands and America, and the next place to be invaded will possibly be Australia. In France the course of events in Madagascar rouses much bad feeling against England. M. de Mahy believes that an expedition to- the islands would bring the Hova government to its knees. He also holds very strongly that Methodist influence has nullified the efforts of France since the days of Louis Phillippe. Auerbach's quicksilver miles near Ekaterinoslav, Russia. have been suddenly flooded. The workmen's huts were carried away and eight were drowned. W. F. Thornton & son, bankers at Shelbyville, Ills., have failed. Their collapse has been followed by the assignment of Charles E. Woodward, of the Star mills, and W. W. McVay, dry goods merchants, of Windsor. Mrs. Elizabeth R. Dunham has commenced a suit for divorce at Canton, S. D., against ex-Congressman R. W. Dunham, of Chicago. A receiver has been appointed for the New Manufacturing company at New York. The liabilities are estimated at $182,000. Obituary: At Napa, Cal., Dr. Silas Trowbride, of Decatur, Ills., aged 68. Thomas Ruth, school fund commissioner of South Dakota, has discovered big frauds in the loaning of the state school funds by county commissioners. W. A. Deharity, the mayor of Elwood. Ind., is only 22 years old, and is probably the youngest mayor in the country. The recent drought has cost. France in the way of damaged crops no less than 800,000,000 francs. The lessee of Schlitz Park at Milwaukee has been compelled to make an assignment.

2. July 13, 1893 Grant County Herald Lancaster, WI
Article from Grant County Herald, July 13, 1893

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Article Text

NEWS ITEMS. For the Week Ending July 11. During a fight at a pienic near Mascoutah, III., twenty-five men were hurt, one fatally. The Washington national bank at Spokane which suspended several weeks ago has resumed. John Lyons and Joseph Bishop were drowned at Stoneboro, Pa., by the capsizing of their boat. Drought in many sections of Europe bids fair to ruin the agriculturists. Fodder is a total failure. Siveter, 9. of and Dr. Thomas years age, one of the oldest physicians in America, died at Salem, In. W. F. Thornton & Son, bankers of Shelbyville, III., failed for $500,000. Assets may reach the liabilities. Meeting accident in a Windsor (Conn.) Mary Media remained food for swamp without Mrs. forty-one days. A severe rainstorm flooded several small towns in Dane county, Wis., and great damage to property resulted. in Oroville, wiped Chinatown out. Cal., was Eight brick stores and thirty other buildings were destroyed. Frank Boyes, a demented farmer near Wauseon. O., cut his wife's throat and killed himself. A daughter escaped. Reports to the state department say American agricultural implements are taking well in England. Trade is increasing. National banks throughout the country have during the last two months increased their circulation nearly $7,000,000. Floating indebtedness of the world's fair corporation has been retired. Money will now be accumulated to retire bonds. The Arkansas state bank of Stattgart, and the Arkansas Farmers' and Traders' bank of Dewitt failed to open their doors. Albert Lewis as shot and killed and Charles Lewis wounded in the climax of a fend with the Yandell family at Princeton, Ky. The world's 2-mile race record (4:48 k/) for trotters was broken at Salem, Ore. by the stallion Blondie, who made the distance in 4:48. It was said that conductors and engineers on the Queen & Crescent railroad had robbed the company of goods valued at $40,000. The Southern California national bank and University bank at Los Angeles, Cal., which failed recently, have resumed business. President Moshier, of the Capital national bank of Lincoln. Neb., was sentenced to five years in prison for wreeking the bank. The burning of the new school building at Monterey, Cal., destroyed priceless papers relating to the many early history of California. The bank at Lesueur, Minn., the Northern national at Big Rapids, Mich., and the Citizens' bank at Winneconne, Wis. shut their doors. During a drunken fight at Woodbine, Kv., City Marshal Morrissy, Bud Smith and Jim Francis were killed and four others were wounded. A heavy electric and rainstorm visited Middlesborough, Ky., in which a shower of fish of the sun perch species was precipitated on the town. The New York & New Haven railroad lost sixty-four freight cars and other property by fire at New Haven, Conn., the loss being $100,000. The statue of P.T. Barnum at Seaside park in Bridgeport, Conn., was disfigured by some vandal by being covered with red paint. Augustus Hemenway, of Canton, Mo., invited the twenty-six public school teachers there to a ten-day trip to the world's fair at his expense. The gross earnings of the Chicago, Milwaukee & St. Paul road for the year ended June 30 were $83,975,054. against for the $32,283,308 previous year. The State bank at Shubert, Neb. closed its doors owing to the flight of the cashier, G. V. Argabor ght, with $21,000 belonging to the institution. The July returns to the department of agriculture make the average condition-of wheat 76.6 per cent., rye, 85.3; barley, 101.1. SS.8; oats, 88.3. and potatoes The banking house of W. F. Thornton & Son at Shelbyville, III., made assignment with liabilities of $500,000. involving hundreds of business men and farmers, The body of Otis D. Dana, a Boston merchant. was found in a pond near Plymouth, Mass. He was and is to have walked friends there supposed visiting into the pool while asleep. Death of Justice Blatchford. Justine NEWPORT, R. I., July 8. -Associate Samuel Placet

3. July 14, 1893 The Times Owosso, MI
Article from The Times, July 14, 1893

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Article Text

LATER. THE cold-storage building on the world's fair grounds was destroyed by fire and thirteen firemen and four Columbian guards perished in the flames and twenty-four other persons were seriously burned. The property loss was placed at $500,000. CHARLES HOYLE, a St. Louis capitalist, assigned to Charles C. Nichols, with liabilities of $230,000. WILLIAM WADDELL, his wife and four children while in camp on the border in Kansas awaiting the opening of the Cherokee strip were drowned in a flood that carried away their dugout. CHINATOWN in Oroville, Cal., was wiped out by fire. THE banking house of W. F. Thornton & Son at Shelbyville, Ill., made an assignment with liabilities of $500,000, involving hundreds of business men and farmers. DURING a fight at a picnic near Mascoutah, Ill., twenty-five men were hurt, one fatally. MESSERS. VOLGER, Fuhrman and Jacobs were found guilty at Alpena, Mich., of murdering Alber Moliter, a merchant, on August 23, 1875. HUNDREDS were dying daily from cholera at Mecca, Egypt, and the road between that city and Mouna was strewn with corpses, it being impossible to bury them. THE Chamberlain Investment company at Denver, the largest real estate firm in the west, closed its doors with liabilities of $2,362,118 and assets of $3,000,000. THE statue of P. T. Barnum at Seaside park in Bridgeport, Conn., was disfigured by some vandal by being covered with red paint. CONVICT OSCAR MILLER was killed and three prisoners wounded in an attempt to escape from the penitentiary at Ionia, Mich. A HAILSTORM in Otter Tail county, Minn., damaged over 20,000 acres of growing crops, causing a loss of $100,000. THE State bank at Shubert, Neb., closed its doors owing to the flight of the cashier, G. V. Argaboright, with $21,000 belonging to the institution. AN engine and fifteen freight cars were wrecked at Bagley, Mich., and Brakeman Fox was killed and Engineer Herrington and Fireman Lolan were fatally injured. THE issue of standard silver dollars from the mints and treasury offices during the week ended July 8 was $350,240; for the corresponding period of 1892, $445,395. The total gold reserve fund on that date was $97,286,101.