Exchange Bank (Flemingsburg, KY)

Episode Information

Episode UID
6998079691154
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
699807969 hash
Start Date
February 14, 1896
Location
Flemingsburg, Kentucky (38.422, -83.734)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3cb64e4214aea0bf

Response Measures

None

Description

Bank made an assignment Feb 14, 1896 and is described as defunct in a 1897 arrest report.

Events (3)
1. February 14, 1896 Receivership
Newspaper Excerpt
the assignees being R. K. Hart and Robert Sourley.
Source
newspapers
2. February 14, 1896 Suspension
Cause
Voluntary Liquidation
Cause Details
Assignment for the benefit of creditors (assignees R.K. Hart and Robert Sourley) leading to cessation of operations.
Newspaper Excerpt
An assignment was made to-day by the Exchange Bank, owned by David Wilson & Co., for the benefit of all creditors, the assignees being R. K. Hart and Robert Sourley.
Source
newspapers
3. June 29, 1897 Other
Newspaper Excerpt
Watson Andrews, cashier of the defunct Exchange Bank, which assigned in February, 1896, has been arrested for receiving deposits while the bank was insolvent. Two warrants were also served upon President David Wilson, one for the same offence and the other for false swearing. Both men gave bond.
Source
newspapers

Newspaper Articles (9)
1. February 15, 1896 The Morning News Savannah, GA
Article from The Morning News, February 15, 1896

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BREAKS IN BUSINESS. Private Bankers Go to the Wall in Kentucky and Illinois. Flemingsburg, Ky., Feb. 14.-An assignment was made to-day by the Exchange Bank, owned by David Wilson & Co., for the benefit of all creditors, the assignees being R. K. Hart and Robert Sourley. The liabilities are estimated at $70,000 and the assets at more than $100,000. The depositors and other creditors will be paid in full. Chicago, Feb. 14.-Koppert & Co., doing a general banking and agency business at 181 Washington street, made an assignment to-day to Joseph H. Francis, editor of the Chicago Banker. No statement of the assets or liabilities was filed in court. The firm, which was practically composed of Joseph I. Koppert, did a business of between $300,000 and $400,000 a year and the deposits in the savings department are estimated at $35,000, chiefly in small accounts of Polish and Bohemian peddlars and shopkeepers. The general business of the firm was mainly done with the Jews of these nationalities. Cincinnati, Feb. 14.-Jacob Vogel & Son, pork packers, assigned to-day with preferences to Frank J. Dorger. The assets are $75,000. The amount of the liabilities is not known. Jacob Vogel made an individual assignment. His assets are $25,000, and the amount of his liabilities is unknown.

2. February 15, 1896 Birmingham State Herald Birmingham, AL
Article from Birmingham State Herald, February 15, 1896

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Genuine yellow yams for seed or table purposes at A. B. McKinney's, 2008 2d ave. FAILURES. Flemingsburg, Ky., Feb. 14.-An assignment was made today by the Exchange bank, owned by David Wilson & Co., for the benefit of all creditors, the assignees being R. K. Hart and Robert Sourley. The liabilities are estimated at $70,000 and the assets at more than $100.000. The depositors and other creditors will be paid in full. Chicago, Ill., Feb. 14.-Koppert & Co., doing a general bank and agency business at 181 Washington street, made an assignment today to Joseph H. Franscis, editor of the Chicago Banker. No statement of assets or liabilities were filed in court. The firm, which was principally composed of Joseph L. Koppert, did a business of between $300,000 and $400,000 a year, and the deposits of the savings department are estimated at $35,000, chiefly in small accounts of Polish and Bohemian peddlers and shop keepers. The general business of the firm was mainly done with the Jews of these nationalities. Cincinnati. Feb. 14.-Jacob Vogel & Son. pork packers, assigned today, with preferences to Frank J. Dorges. Assets $75,000, liabilities not known. Jacob Vogel made an individual assignment. Assets $25,000, liabilities unknown.

3. February 19, 1896 The Ely Miner Ely, MN
Article from The Ely Miner, February 19, 1896

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Maggie Callard, aged 14, and Mabel Winters, aged 13, were drowned while skating near Middletown. N. Y. As the result of a quarrel near Paris, Tex., Charles and William Walker were killed and Jack Williams was fatally shot. All were prosperous farmers. Near Dexter, O., on the Kanawha & Michigan railroad, ten freight cars jumped the track and seven tramps were killed. William Fowlds, Archie Warner and Alvin Rowley, all men with families, were killed near Milan, O., by the caving in of the wall of an artesian well which they were boring. J. Z. Anderson, a fruit dealer at San Jose, Cal., failed for $126,000. For the first time in half a century the Niagara falls on the American side practically ran dry. The formation of an ice gorge was the cause. Scott Jackson and Alonzo Walling were indicted at Newport, Ky, for the murder of Pearl Bryan, the girl found at Fort Thomas, Ky., with her head cut off. The heaviest snowstorm of the winter visited Illinois, Indiana, Iowa and Missouri. Twenty business places, including the post office and bank, were burned at Kennett, Mo. Miners at Sand Run and Carbon Hill, l'a., were said to be in a very destitute condition. Edwin F. Uhl qualified as ambassador of the United States to Germany and vacated the office of assistant secretary of state. A. B. Williams, until recently cashier of the Traders national bank at Scranton, Pa., was said to be short $33,000 in his accounts. A boat containing five dead men and six barely alive was found on Dog island beach near Carrabelle, Fla. The fight advertised to take place on the 14th in Texas between Fitzsimmons and Maher was postponed because of the bad condition of the latter's eyes. At Brown university in Providence, R. I., several juniors were expelled for the remainder of the college year because of alleged dishonesty in rhetoric. Jacob Vogel & Sons, pork packers in Cincinnati, have made an assignment with liabilities of $100,000. Dick Whittington, who started from San Francisco April 5, 1895, to push a wheelbarrow round the globe within three years, on a wager of $10,000, arrived in Pittsburgh, Pa. Lucket & Co.'s tobacco factory and stemmery in Clarksville, Tenn., was destroyed by fire, consuming 1,500,000 pounds of tobacco and causing a loss of $100,000. The Exchange bank at Flemingsburg, Ky., assigned with liabilities of $70,000 and assets of $100,000. The Baltimore Condensed Milk company and the York Canning company at Yerk, Pa., failed with total liabilities of $102,000. John, alias "Patsey," Harris, the murderer of Matthew Spruell on July 4 last, was hanged at Washington in the District of Columbia jail. There were 381 business failures in the United States in the seven days ended on the 14th, against 323 the week previous and 270 in the corresponding period of 1895. The exchanges at the leading clearing houses in the United States during the week ended on the 14th aggregated $905,345,253, against $999,906,409 the previous week. The increase, compared with the corresponding week in 1895, was 9.8. Fire that broke out in C. G. Loaz' dry goods store at Sunfield, Mich., burned four stores and a hotel, the total loss being $100,000. Three workmen were killed and three fatally wounded by a boiler explosiou in a mill near Ashboro, N. C. P. A. Higgins and his wife and son and daughter all died with the measles within a few days of each other at Brights, Ala. Gov. Morton signed the bill passed by the New York legislature transferring the Palisades to the national government for a national park. A negro, or a white man with his face blackened, while robbing the residence of Jefferson Smith at Dallas, Tex., fatally stabbed Smith and killed his wife with an ax. At Centerville, ia., George Jones shot and killed his sweetheart, Leah Martin, her mother, Mrs W. J. Martin, and then put a bullet into his own head. Mrs. Martin's objections to the young man's attentions to her daughter was the cause. The first annual show of the National Poultry association opened in Central Market hall in Washington. PERSONAL AND POLITICAL. The republicans of the Sixth district of Illinois rerominated E. D. Cooke for

4. February 20, 1896 The Worthington Advance Worthington, MN
Article from The Worthington Advance, February 20, 1896

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Miners at Sand Run and Carbon Hill, I'a., were said to be in a very destitute & condition. Edwin F. Uhl qualified as ambassador of the United States to Germany and vacated the office of assistant secretary of state. A. B. Williams, until recently cashier of the Traders' national bank at Scranton, Pa., was said to be short $33,600 in his accounts. A boat containing five dead men and six barely alive was found on Dog island. beach near Carrabelle, Fla. The fight advertised to take place on the 14th in Texas between Fitzsimmons and Maher was postponed because of the bad condition of the latter's eyes. At Brown university in Providence, R. I., several juniors were expelled for the remainder of the college year because of alleged dishonesty in rhetoric. Jacob Vogel & Sons, pork packers in Cincinnati, have made an assignment with/liabilities of $100,000. Dick Whittington, who started from San Francisco April 5, 1895, to push a wheelbarrow round the globe within three years, on a wager of $10,000, arrived in Pittsburgh, Pa. Lucket & Co.'s tobacco factory and stemmery in Clarksville, Tenn., was destroyed by fire, consuming 1,500,000 pounds of tobacco and causing a loss of $100,000. The Exchange bank at Flemingsburg, Ky., assigned with liabilities of $70,000 and assets of $100,000. The Baltimore Condensed Milk company and the York Canning company at York, Pa., failed with total liabilities of $102,000. John, alias "Patsey," Harris, the murderer of Matthew Spruell on July 4 last, was hanged at Washington in the District of Columbia jail. There were 381 business failures in the United States in the seven days ended on the 14th, against 323 the week previous and 270 in the corresponding period of 1895. The exchanges at the leading clearing houses in the United States during the week ended on the 14th aggregated $905,345,253, against $999,906,409 the previous week. The increase, compared with the corresponding week in 1895, was 0.8. Fire that broke out in C. G. Loaz' dry goods store at Sunfield, Mich., burned four stores and a hotel, the total loss being $100,000. Three workmen were killed and three fatally wounded by a boiler explosion in a mill near Ashboro, N. C. P. A. Higgins and his wife and son and daughter all died with the measles within a few days of each other at Brights, Ala. Gov. Morton signed the bill passed by the New York legislature transferring the Palisades to the national government for a national park. A negro, or a white man with his face blackeped, while robbing the residence of Jefferson Smith at Dallas, Tex., fatally stabbed Smith and killed his wife with an ax. At Centerville, Ia., George Jones shot and killed his sweetbcart, Leah Martin, her mother, Mrs W. J. Martin, and then put a bullet into his own head. Mrs. Martin's objections to the young man's attentions to her daughter was the cause. The tirst annual show of the National Poultry association opened in Central Market hall in Washington. A skip jumped the track in a mine at Republic, Mich., killing William McGraw, James Dodge, Adolph Boitel and Matthias Tegelberg. Robert Williams, the negro who killed Police Officer Suggs, was lynched by a mob near Montgomery, Ala. Barbara Kossel, a pretty German girl 19 years old, shot and killed John Rohlfing, her lover, at St. Louis, and then fired a bullet into her own brain and died instantly. Jealousy was the cause. The Buckeye glass works of Martin's Ferry, W. Va., were destroyed by fire, the loss being $150,000. Emile Davie was hanged at Linn, Mo., for the murder of Frank Henderson, his sister's swectheart. whom he poisoned. Eight ships will be added to Uncle Sam's navy and be ready for commission before the first of next July. May Rankin, aged 21, who had been on exhibition as a fat woman with various circuses and dirue museums through out the country, died in Chicago. She weighed 520 pounds. Joe Donoghue, the champion skater, broke the fivc-mile skating record in Washington, making the distance in 14 minutes 45 seconds. PERSONAL AND POLITICAL. The republicans of the Sixth district of Illinois recominated E. D. Cooke for congress. Isaac Murphy, the celebrated colored jockey. died at Lexington. Ky., of heart failure. Pennsylvania democrats will meet at Allentown April 29 to nominate can-

5. February 20, 1896 Warren Sheaf Warren, MN
Article from Warren Sheaf, February 20, 1896

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At Brown university in Providence, R. I., several juniors were expelled for the remainder of the college year because of alleged dishonesty in rhetoric. Dick Whittington, who started from San Francisco April 5, 1895, to push a wheelbarrow round the globe within three years, on a wager of $10,000, arrived in Pittsburgh, Pa. Lucket & Co.'s tobacco factory and stemmery in Clarksville, Tenn., was destroyed by fire, consuming 1,500,000 pounds of tobacco and causing a loss of $100,000. The Exchange bank at Flemingsburg, Ky., assigned with liabilities of $70,000 and assets of $100,000. The Baltimore Condensed Milk company and the York Canning company at York, Pa., failed with total liabilities of $102,000. John, alias "Patsey," Harris, the murderer of Matthew Spruell on July 4 last, was hanged at Washington in the District of Columbia jail. There were 381 business failures in the United States in the seven days ended on the 14th, against 323 the week previous and 270 in the corresponding period of 1895. The exchanges at the leading clearing houses in the United States during the week ended on the 14th aggregated $905,345,253, against $999,906,409 the previous week. The increase, compared with the corresponding week in 1895, was 9.8. Fire that broke out in C. G. Loaz' dry goods store at Sunfield, Mich., burned four stores and a hotel, the total loss being $100,000. Three workmen were killed and three fatally wounded by a boiler explosion in a mill near Ashboro, N. C. P. A. Higgins and his wife and son and daughter all died with the measles within a few days of each other at Brights, Ala. Gov. Morton signed the bill passed by the New York legislature transferring the Palisades to the national government for a national park. A negro, or a white man with his face blackened, while robbing the residence of Jefferson Smith at Dallas, Tex., fatally stabbed Smith and killed his wife with an ax. At Centerville, Ia., George Jones shot and killed his sweetheart, Leah Martin, her mother, Mrs W. J. Martin, and then put a bullet into his own head. Mrs. Martin's objections to the young man's attentions to her daughter was the cause. The first annual show of the National Poultry association opened in Central Market hall in Washington. A skip jumped the track in a mine at Republic, Mich., killing William McGraw, James Dodge, Adolph Boitel and Matthias Tegelberg. Robert Williams, the negro who killed Police Officer Suggs, was lynched by a mob near Montgomery, Ala. Barbara Kossel, a pretty German girl 19 years old, shot and killed John Rohlfing, her lover, at St. Louis, and then fired a bullet into her own brain and died instantly. Jealousy was the cause. The Buckeye glass works of Martin's Ferry, W. Va., were destroyed by fire, the loss being $150,000. Emile Davis was hanged at Linn, Mo., for the murder of Frank Henderson, his sister's sweetheart, whom he poisoned. Eight ships will be added to Uncle Sam's navy and be ready for commission before the first of next July. May Rankin, aged 21, who had been on exhibition as a fat woman with various circuses and dime museums throughout the country, died in Chicago. She weighed 520 pounds. Joe Donoghue, the champion skater, broke the five-mile skating record in Washington, making the distance in 14 minutes 45 seconds. # PERSONAL AND POLITICAL. The republicans of the Sixth district of Illinois renominated E. D. Cooke for congress. Pennsylvania democrats will meet at Allentown April 29 to nominate candidates for presidential electors, two congressmen at large and delegates to the national democratic convention. The convention of Republican clubs of Ohio met at Columbus and indorsed Maj. McKinley for president. The republicans of Minnesota will meet in state convention in Minneapolis March 24 for the selection of four

6. February 22, 1896 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, February 22, 1896

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DOMESTIC. As the result of a quarrel near Paris, Tex., Charles and William Walker were killed and Jack Williams was fatally shot. All were prosperous farmers. Near Dexter, O., on the Kanawha & Michigan railroad, ten freight cars jumped the track and seven tramps were killed. William Fowlds, Archie Warner and Alvin Rowley, all men with families, were killed near Milan, O., by the caving in of the wall of an artesian well which they were boring. For the first time in half a century the Niagara falls on the American side practically ran dry. The formation of an ice gorge was the cause. Scott Jackson and Alonzo Walling were indicted at Newport, Ky. for the murder of Pearl Bryan, the girl found at Fort Thomas, Ky., with her head cut off. The heaviest snowstorm of the winter visited Illinois, Indiana, Iowa and Missouri. Twenty business places, including the post office and bank, were burned at Kennett, Mo. J. Z. Anderson, a fruit dealer at San Jose, Cal., failed for $126,000. Miners at Sand Run and Carbon Hill. l'a., were said to be in a very destitute condition. A boat containing five dead men and six barely alive was found on Dog island beach near Carrabelle, Fla. Jacob Vogel & Sons, pork packers in Cincinnati, have made an assignment with liabilities of $100,000. Edwin F. Uhl qualified as ambassador of the United States to Germany and vacated the office of assistant secretary of state. A. B. Williams, until recently cashier of the Traders' national bank at Seranton, Pa., was said to be short $33,000 in his accounts. The fight advertised to take place on the 14th in Texas between Fitzsimmons and Maher was postponed because of the bad condition of the latter's eyes. At Brown university in Providence, R. I., several juniors were expelled for the remainder of the college year because of alleged dishonesty in rhetoric. Dick Whittington, who started from San Francisco April 5, 1895, to push a wheelbarrow round the globe within three years, on a wager of $10,000, arrived in Pittsburgh, Pa. Lucket & Co.'s tobacco factory and stemmery in Clarksville, l'enn., was destroyed by fire, consuming 1,500,000 pounds of tobacco and causing a loss of $100,000. The Exchange bank at Flemingsburg, Ky., assigned with liabilities of $70,000 and assets of $100,000. There were 381 business failures in the United States in the seven days ended on the 14th, against 323 the week previous and 270 in the corresponding period of 1895. The exchanges at the leading clearing houses in the United States during the week ended on the 14th aggregated $905,345,253. against $999,906,409 the previous week. The increase, compared with the corresponding week in 1895. was 9.8, The Baltimore Condensed Milk company and the York Canning company at York, Pa., failed with total liabilities of $102,000. John. alias "Patsey," Harris, the murderer of Matthew Spruell on July 4 last, was hanged at Washington in the District of Columbia jail.

7. February 22, 1896 The Diamond Drill Crystal Falls, MI
Article from The Diamond Drill, February 22, 1896

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DOMESTIC. Jacob Vogel & Sons, pork packers in Cincinnati, have made an assignment with liabilities of $100,000. At Brown university in Providence, R. I., several juniors were expelled for the remainder of the college year because of alleged dishonesty in rhetoric. J. Z. Angerson, 11 fruit dealer at San Jose. Cal., fuiled for $126,000. Lucket & Co.'s tobacco factory and stemmery in Clarksville, Tenn., was destroyed by fire, consuming 1,500,000 pounds of tobacco and causing a loss of $100,000. The Exchange bank at Flemingsburg, Ky., assigned with liabilities of $70,000 and assets of $100,000. There were 381 business failures in the United States in the seven days ended on the 14th, against 323 the week previous and 270 in the corresponding period of 1895. The exchanges at the leading clearing houses in the United States during the week ended on the 14th aggregated $905,345,253, against $999,906,409 the previous week. The increase, compared with the corresponding week in 1805. was 9.8. The Baltimore Condensed Milk company and the York Canning company at York, Pa., failed with total liabilities of $102,000. John, alias "Patsey," Harris, the murderer of Matthew Spruell on July 4 last, was hanged at Washington in the District of Columbia juil. Fire that broke out in C.G. Loaz' dry goods store at Sunfield, Mich., burned four stores and a hotel, the total loss being $100,000. Three workmen were killed and three fatully wounded by a boiler explosion in a mill near Ashboro, N.C. P. A. Higgins and his wife and son and daughter all died with the measles within a few days of each other at Brights, Ala. Gov. Morton signed the bill passed by the New York legislature transferring the Palisades to the national government for a national park. A negro, or & white man with his face blackened, while robbing the residence of Jefferson Smith at Dallas, Tex., fatally stabled Smith and killed his wife with an nx. At Cénterville, In., George Jones shot and killed his sweetbcart, Leah Martin, her mother, Mrs W.J. Martin, and then put a bullet into his own hend. Mrs. Martin's objections to the young joan's attentions to her daughter was the cause. The first annual show of the National Poultry association opened in Central Market hall in Washington. A skip jumped the track in a mine at Republic, Mich., killing William MeGraw, James Dodge, Adolph Boitel and Matthias Tegelberg. Barbara Kossel, " pretty German girl 19 years old, shot and killed John Rohlfing, her lover, at St. Louis, and then fired a bullet into her own brain and died instantly. Jealousy was the cause.

8. February 22, 1896 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, February 22, 1896

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his T. daughter W. Wood, Minnie with a hatchet Antioch, Miss., and then shot himself At the annual meeting in Baltimo of the League of American Wheelmen Sterling Elliott, of Massachusetts, w elected president. Maggie Callard, aged 14, and Mat Winters, aged 13, were drowned whi skating near Middletown, N.Y. Grant Atterberry. who was in ja:' Sullivan, III., charged with assaulting his sister-in-law, Mrs. Roxy Atterberr January 23, was taken from the ja by a masked mob and strung up to tree. Freight trains collided at Maced Falls, N. Y., and Fred Hosford, Thom Welch and Charles Wood, railway el ployes, were killed. Fire at Waterloo, Ind., destroyed pro erty valued at $100,000. As the result of a quarrel near Par Tex., Charles and William Walker we killed and Jack Williams was fatal shot. All were prosperous farmers. Near Dexter. O., on the Kanawha Michigan railroad, ten freight ca jumped the track and seven tram were killed. Burglars robbed and then burned tl post office at Petersburg, 111. William Fowlds, Archie Warner ai Alvin Rowley, all men with familie were killed near Milan. O., by the cavir in of the wall of an artesian well which they were boring. J. Z. Anderson. a fruit dealer at S: Jose, Cal., failed for $126,000. For the first time in half a centu the Niagara falls on the American si practically ran dry. The formation an ice gorge was the cause. Scott Jackson and Alonzo Walling were indicted at Newport, Ky for t murder of Pearl Bryan, the girl four at Fort Thomas, Ky., with her head c off. The heaviest snowstorm of the wint visited Illinois, Indiana, Iowa and Mi souri. Twenty business places. includir the post office and bank, were burned Kennett, Mo. Miners at Sand Run and Carbon Hi Pa., were said to be in a very destitu condition. Edwin F. Uhl qualified as ambassad of the United States to Germany ai vacated the office of assistant secreta of state. A. B. Williams. until recently cas ier of the Traders national bank Scranton. Pa., was said to be short $3 000 in his accounts. A boat containing five dead men ai six barely alive was found on Dog land beach near Carrabelle, Fla. The fight advertised to take place e the 14th in Texas between Fitzsimmo and Maher was postponed because the bad condition of the !atter's eyes. At Brown university in Providen R. L., several juniors were expelled f the remainder of the college year 1 cause of alleged dishonesty in rhetor Jacob Vogel & Sons, pork packers Cincinnati, have made an assignme with liabilities of $100,000. Dick Whittington, who started fro San Francisco April 5, 1895. to push wheelbarrow round the globe with three years. on a wager of $10,000, a rived in Pittsburgh. Pa. Lucket & Co.'s tobacco factory a stemmery in Clarksville, Tenn., was € stroyed by fire. consuming 1,500,0 pounts of tobacco and causing a 10 of $100,000. The Exchange bank at Fleming burg, Ky., assigned with liabilities $70,000 and assets of $100,000. The Baltimore Condensed Milk co pany and the York Canning co pany at York. Pa., failed with to liabilities of $102,000. John. alias "Patsey," Harris, the m derer of Matthew Spruell on July 4 la was hanged at Washington in the D trict of Columbia jail. There were 381 business failures the United States in the seven da ended on the 14th, against 323 t week previous and 270 in the cor sponding period of 1895. The exchanges at the leading cle ing houses in the United States di ing the week ended on the 14th : gregated $905,345,253. against $999.90 409 the previous week. The increa compared with the corresponding we in 1895. was 0.8

9. June 30, 1897 The Sun New York, NY
Article from The Sun, June 30, 1897

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Kentucky Bank Officials Arrested. FLEMINGSBURG, Ky., June 29.-Watson Andrews, cashier of the defunct Exchange Bank, which assigned in February, 1896, has been arrested for receiving deposits while the bank was insolvent. Two warrants were also served upon President David Wilson, one for the same offence and the other for false swearing. Both men gave bond.