Central Bank (Upper Sandusky, OH)

Episode Information

Episode UID
6996387891010
Episode Type
Suspension β†’ Closure
Bank Type
trust
Bank ID
699638789 hash
Start Date
February 15, 1884
Location
Upper Sandusky, Ohio (40.827, -83.281)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
949cb52f24a7a4fe

Response Measures

None

Events (1)

1. February 15, 1884 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Speculative operations by the bank's president (named John S.) precipitated the failure; liabilities reported about $100,000.
Newspaper Excerpt
THE Central Bank of Upper Sandus O., failed on the 15th, with liabilities $100,000. Speculations by John S. President, caused the failnre.
Source
newspapers

Newspaper Articles (2)

Article from Savannah Morning News, February 18, 1884

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Article Text

BUSINESS FAILURES. Bradstreet's Report of Trade Embarrassments for the Past Week. There were 243 failures in the United States reported to BradstreeΕ₯s during the past week, 14 less than the preceding week, 22 more than the corresponding week of 1883, and 71 more than the same week of 1882. About 82 per cent. were those of small traders whose capital was less than $5,000. Compared with the previous week the Middle States had 57, an increase of 4; New England States 34, an increase of 1; Southern States 45, a decrease of 13; Western States 86, a decrease of 4; Pacific States and Territories 21, a decrease of 2. Canada had 66, an increase of 33. Among those reported embarrassed were William S. Fogg & Son, bedding; Joseph Freeman, importer of dry goods, and George Parsons, toys and fireworks, New York city; J. M. Jones' Sons, car builders, West Troy; Jones Car Manufacturing Company, Schenectady, N. Y.; Central Bank of Upper Sandusky, Ohio; Edward Pilsbury's Sons, cotton commission, New Orleans; L. D. Mowry & Son, cotton factors, Charleston, S. C. In the principal trades they were as follows: Grocers 44, general stores 42, shoes 16, clothing 13, hardware and agricultural implements 13, dry goods 13, liquors 11, manufacturers 11, drugs 9, hotels and restaurants 9, produce and provisions 9, grain, flour, etc., 6, jewelry 6, books, stationery. paper, etc., 5, cigars and tobacco 5, fancy goods 4, bakers and confectioners 3, cotton 3, crockery 3, furniture 3, men's furnishing goods 3, butchers 3, banks 2, lumber 2, millinery 2, toys 2. ALABAMA. Gravelly Springs.-C. M. Parham, general store, reported failed. FLORIDA. Quincy.-Stockton & Shaw, general store, assigned to William Munroe. Assets about $1,000. GEORGIA. Atlanta.-C. H. Hutchings, grocer, failed, and out of business. J. H. Smith & Co., grocers, assigned. Augusta.-Charles Caple, groceries and liquors, assigned. Blackshear.-D. N. Baldwin, general store, closed by Sheriff. Midrille.-Evans & Sandeford, general store, offer 50 cents in thirty and sixty days, and the balance in November and December next. SOUTH CAROLINA. Blackrille.-James Kelly, general store, embarrassed, and mortgaged all property to a creditor for $3,500. W. J. Martin, general store, asks an extension. Liabiilties, $7,000; assets about $10,000. Charleston.-L. D. Mowry & Son, cotton factors, failed. Liabilities reported at $150,000; nominal assets $225,000. P. R. Shaw, dry goods, mortgage foreclosed. Drakes.-Drake Brothers, general store, ask an extension, offering acceptances on New York factors, Everett Brothers & Gibson for 25 cents, payable November, 1884, and extension on the balance November, 1885, and November. 1886. They show liabilities $55,000; assets $70,000. Martins.-J. L. Ellis, general store, assigned. Spartanburg.-Lewis M. Hummell, dry goods, failed. Liabilities $9,000.


Article from Wessington Springs Herald, March 7, 1884

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Article Text

IT was decided or the 14th to immediat resume work in seventy-two coal-pits Pennsylvania, thus giving employment eight thousand; men. THE loss of a stage-coach, filled with sengers, in the mountains of Colorado, reported on the 14th. The snow was feet deep on the level. DAVID C. KELLER, pilot of the sunk in collision near Mingo July 4, 1882, fifty-four lives being lost, found guilty at Parkersburg, W. Va., the 14th of voluntary manslaughter, recommended to mercy. EXPORTS of breadstuffs during Janua 1884, were valued at $12,284,781, $15,835,577 for the same time in 1883; the seven months ended Jan. 31, 1884, 256,207; for the same time last year, 680,133. AT the Hoosier Flouring-Mills in apolis George Emery, the engineer, caught by the shaft of the fly-wheel a mornings ago and whipped to a death. Two MEN who, under different secured sixty-seven complete suits clothes and seventeen pairs of shoes the Relief Committee at Wheeling, Va., were arrested on the 14th for L. D. MOWRY & Son, cotton factors Charleston, S. C., suspended payment the 14th, with liabilities of $150,000. TEN Mormon proselytes, five of were girls, from Cleveland County, N. passed through Atlanta, Ga., on the en route for Utah. ONE of the most comprehensive coin lections in the United States was few nights ago by burglars from the of Dr. H. C. Brainard, of Cleveland, O. THE Central Bank of Upper Sandus O., failed on the 15th, with liabilities $100,000. Speculations by John S. President, caused the failnre. DURING the seven days ended on the the business failures throughout the States and Canada numbered 309, 260 the previous week. The distribut was as follows: New England States, Middle, 57; Western, 86; Southern, 45; cific States and Territories, 21; and the Provinces, 66. WHILE John Beatty was attempting the 15th to convey his wife and three dren and two young ladies named Weat ford across the backwater near Newb Tenn., on the Tennessee River, the was dashed against a log by the and upset. Mrs. Beatty and all the dren and one of the young ladies drowned. THE rear wall of two adjoining buildi in Pearl street, Cincinnati, used as ing-houses, and occupied by thirtypersons, collapsed early on the mornin the 15th, resulting in the drowning crushing to death of ten persons. search for other bodies would be contin when the water lowers. IT was announced on the 15th that Indians were starving at the Poplar and Wolf Point agencies, in Dakota. AN ice gorge on the 15th caused the ing of the lumber district at Albany, Y., and many streets in the lower of the city were submerged. THE Employment Bureau of the Men's Christian Association of Chicago ported on the 15th thirty thousand to thousand men and boys unable to work, which was twenty per cent. more usual. The applicants came from walk in life. 1T was reported on the 15th that urer Mason, of Jay County, Ind., defaulter to the amount of $46,000, suit had been commenced against bondsmen. NEAR Rogersville Junction, Tenn., the evening of the 15th Mrs. Carrie ter, the young and beautiful wife of M. Hunter, a wealthy stock-raiser, shot and instantly killed while sitting a window. Who committed the crime, for what cause, was unknown. THE wife of Bivens Percefield, near Bloomington, Ind., left her daughter alone in a room with an open place a few days ago, and when lving child the turned