7209. Dundee Deposit Bank (Dundee, KY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 19, 1916
Location
Dundee, Kentucky (37.559, -86.773)

Metadata

Model
gpt-5-mini
Short Digest
b267f040

Response Measures

None

Description

Cashier S. J. Weller committed suicide; directors, after an examination by the state banking examiner, decided to place the affairs of the bank in liquidation. The articles mention fear of a run but do not describe an actual depositor run. Later article notes bondsman paid to make up a deficiency and another dividend expected. Classified as suspension leading to closure/liquidation (suspension_closure).

Events (3)

1. January 19, 1916 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suicide of cashier S. J. Weller prompted state examiner review; directors found issues and decided to place the bank in liquidation.
Newspaper Excerpt
Following a conference of the five directors of the bank, it was to place the affairs of the in liquidation. ... they thought it best for the State department to complete charge of affairs.
Source
newspapers
2. May 19, 1916 Other
Newspaper Excerpt
G. B. Likens, special banking commissioner for the Dundee Deposit Bank, has received a check from the Fidelity Deposit Co., of Baltimore, Md., bondsmen for the deceased cashier, S. J. Weller, for $6,772.71, to make up a deficiency. It is expected that another dividend will soon be paid.
Source
newspapers
3. * Receivership
Newspaper Excerpt
Soon after, however, following a conference of the five directors of the bank, it was to place the affairs of the in liquidation.
Source
newspapers

Newspaper Articles (2)

Article from The Hartford Herald, January 19, 1916

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Article Text

HANGING AS METHOD ffairs Placed In Hands Of Special Deputy-Depositors Are Safe. REAL REASON ASSIGNED One of the most tragic and deorable events that ever occurred Ohio county was the suicide last some time between 9:30 a. and noon, of Mr. S. J. Weller, at village of Dundee, this county. Weller was Cashier of the DunDeposit Bank, a position he had since its organization about 10 ago. He was also well-to-do herwise, owning a fine large farm beautiful residence property. He popular with everybody and one the county's foremost citizens. J. E. Mitchell was assistant shier of the bank. Mr. Weller was at the bank as Friday morning, and just as siness hours began, Mr. E. L. Aua State bank examiner, starthis work on the books and affairs the bank. Within a few minutes Weller excused himself on some plea, leaving Mr. Augustus Mr. Mitchell in the bank. The continued absence of Mr. eller was not particularly noticed after the noon hour, when intiries were made. Failing to lohim, his friends and family bea search, not apprehending anyvery serious. As the hours by the search became more ligent and finally about 4 o'clock the afternoon his body was found anging in the meat house just in rear of his residence. He had up a piece of rope that had lying around the house for time and used it with deadly fect. Evidently standing on a salt he had adjusted one end of rope to a joist overhead, knotted other end around his neck and imped off. His feet cleared the round only by a few inches. When his body was cold and nearly and he had evidently been dead hours. The news of Mr. Weller's suicide eated much interest asd sorrow, he was well known and about last man anybody would susof doing such a thing. He was unusually sunny disposition. Folthe discovery of Mr. Weller's Mr. Augustus, the examiner, legraphed for Mr. R., P. Revel, State Banking Commissionof Frankfort, who arrived on the next morning. A cursory examination of the affairs showed no evidence of shortage. Soon after, however, lowing a conference of five the directors of the bank, it was to place the affairs of the in liquidation. The directors the bank are: Porter McDowell, esident; Schuyler Acton, J. D. Martin Neighbors, F. N. LanEllis Mitchell and S. J. WelAfter the death of Mr. Welwho was virtually in charge of bank, it was feared by the directhere would be a run on the They, therefore, thought it for the State department to complete charge of affairs. Until a complete audit is made of books of the bank, any staterelative to the exact financial nding of the institution would be


Article from The Hartford Republican, May 19, 1916

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Article Text

Fordsville. After a visit with Mrs. Schlemmer's mother. Mrs. Minnie Fehr, and other relatives of Cannelton, Ind., Mrs. W. C. Schlemmer and children returned Tuesday. Mr. J. B. Warden, a former Ohio county man now of Cincinnati, is visiting relatives near Centertown. He made a business trip to Hartford during the week. Miss Effie Duke, who has been teaching school at Hazard for the past several months, has returned to her home near Dukehurst. She was in Hartford yesterday. ### WANTED-TWO YOUNG LADIES TO OPERATE POOL PARLOR FOR LADIES ONLY For further information apply, 46tf. DR. L. B. BEAN, - Hartford, Ky. The Columbia Life Insurance Co., will loan you half the value of your land for 5 years. No loans taken for less than $500. For terms, see 36tf W. H. PARKS, Hartford, Ky. Mr. G. B. Likens, special banking commissioner for the Dundee Deposit Bank, has received a check from the Fidelity Deposit Co., of Baltimore, Md., bondsmen for the deceased cashier, S. J. Weller, for $6,772.71, to make up a deficiency. It is expected that another dividend will soon be paid. John D. Autry, of this county, enlisted in the army at the Owensboro recruiting station Monday and has been sent to the Jefferson Barracks, St. Louis, Mo., where he will receive his preliminary training. He will later be assigned to the coast artillery. Young Autry passed a splendid examination. Mr. Sigsby McKinney and Miss Rosa Jackson, of Beaver Dam, eloped to Rockport, Ind., Sunday, married and returned to Beaver Dam Monday afternoon. The journey was made in an automobile driven by Mr. Dick Arbuckle, near record time being made. Mrs. McKinney is the daughter of Mr. and Mrs. Rob Jackson, and one of Beaver Dam's most popular young ladies. Mr. McKinney is the son of Mr. and Mrs. S. P. McKinney.