7470. Bank of West Liberty (West Liberty, KY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 3, 1905
Location
West Liberty, Kentucky (37.921, -83.260)

Metadata

Model
gpt-5-mini
Short Digest
b616e5dd

Response Measures

None

Description

Multiple newspapers report the Bank of West Liberty, KY, 'closed its doors' in early August 1905 due to excessive/over loans. No article mentions a depositor run; the closure is described as due to overloans (bank-specific adverse condition) and appears to be a permanent closing listed in business-failure compilations.

Events (1)

1. August 3, 1905 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed because of excessive loans / overloans (insufficiently collateralized lending leading to failure).
Newspaper Excerpt
The bank of West Liberty, Ky., closed its doors, owing to excessive loans.
Source
newspapers

Newspaper Articles (8)

Article from River Falls Journal, August 10, 1905

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Article Text

Judge Barnes, of the Nebraska supreme court, has granted a temporary injunction against the Nebraska Grain Dealers' association, which, it is alleged, is operating as a trust and in restraint of trade. A local passenger train was wrecked at Pleasant Hill, Mo., mortally injuring Engineer Frank C. Berry, of Sedalia, and painfully injuring Engineer Raymond, of the same place. Twelve of the 20 mills of the American Sheet & Tin Plate company at New Castle, Pa., will be placed in operation next week. The bank of West Liberty, Ky., closed its doors, owing to excessive loans. The bank has been running about three years and had a capital stock of $15,000. Two negro robbers entered the office of Contractor S. T. Roberts, in the business district of Des Moines, Ia., during the day and robbed him of $415 in cash and more than $500 in checks. Gen. James R. Carnahan, major general of the uniform rank, Knight of Pythias, died at his home, after an illness of two weeks. Arthur Weaver, a prominent business man of Clinton, Wis., was killed in a runaway. His wife was seriously injured and may die. John Ballard, assistant postmaster at Richmond, Ky., has been arrested on a charge of rifling registered letters. H. H. Loving, a former banker of Paducah, Ky., shot H. A. Rose, a prominent lumber man, and killed him. It is supposed that the shooting resulted from a quarrel over business affairs. The Warren paper mills at Raubsville, Pa., were almost destroyed by fire. Loss $50,000, partially insured. President Stuyvesant Fish, of the Illinois Central, declares rate discrimination should be stopped, but opposes the government's naming the tariffs. Seven state insurance commissioners met in Chicago and decided to visit New York and investigate the large life insurance companies. The celebration of the semicentennial of the opening of the Soo canal was begun with a naval parade, witnessed by Vice President Fairbanks. Ohio prohibitionists nominated Aaron S. Watkins for governor. Policeman Patrick E. Owens, of Chicago, fatally shot his wife during a quarrel. The Catholic Order of Foresters at its international convention in Boston reelected Thomas H. Cannon high chief ranger. King Oscar of Sweden has picked a cabinet favorable to a peaceful settlement with Norway. Through a return filed by an undertaker at the office of the town clerk of Middletown, Conn., the fact became public that on July 14 George W. Tweed, a son of the late William M. Tweed, of New York, known as "Boss" Tweed, committed suicide by jumping from an upper veranda of the Connecticut hospital for the insane. Andrew Wylie, for a long time a justice of the supreme court of the District of Columbia, but who retired some years ago, died at Washington. Disappointed in love, Charles E. Reese, aged 50 years, one of the best-known and most highly respected men in southern Montana, suicided by shooting himself through the head in Virginia cemetery at Virginia City. Percy Pierce, of Buffalo, has been awarded the $2,000 trophy offered by Charles J. Glidden for the best showing in the recent automobile endurance test from New York to Mount Washington and return. Four lives were lost by the capsizing of a small skiff on Swan river, five miles north of Verna, Itasca county, Minn., near Ingstrom's landing. The names of the unfortunates are: Edith Tichenor, Goldie Tichenor, Everett Tichenor and Mrs. J. M. Pogue, settlers of that portion of country. The bank at Royal, Champaign county, Ill., was broken open and robbed of $4,000. Nitroglcerin was used and the explosion, which blew the safe door through the roof, was heard for miles. The robbers escaped. Duane Herbert Church, whose invention of about 150 machines has revolutionized the manufacture of watches in America, during the last 20 years, is dead from heart failure at his home in West Newton, Mass. Seven sailors were killed and eight severely injured by the explosian of a submarine mine during mining practice in the Sandham Roads near Stockholm, Sweden. A boat containing the victims struck the mine and was blown into the air. One white boy and two negro boys were killed outright and 20 other persons were more or less seriously injured in a heavy windstorm which struck Bessmay, La. Mrs. Fred Schneider, the 18-year-old wife of a merchant tailor, of St. Joseph, Mich., committed suicide by jumping into the St. Joseph river before the eyes of several hundred resorters T. M. Casey, cashier of the defunct Salmon and Salmon bank, of Clinton, Mo., who has been out under an $8,000 bond for foregery, has been arrested under four charges of receiving deposits when


Article from The L'anse Sentinel, August 12, 1905

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Article Text

injunction against the Nebraska Grain Dealers' association. which. it is leged, is operating as a trust and restraint of trade. A local passenger train was wrecked at Pleasant Hill, Mo., mortally injur ing Engineer Frank C. Berry, of dalia, and painfully injuring Engineer Raymond, of the same place. Twelve of the 20 mills of the American Sheet & Tin Plate company at New Castle, Pa., will be placed in operation next week. The bank of West. Liberty, Ky. closed its doors, owing to excessive loans. The bank has been running about three years and "had a capital stock of $15,000. Two negro robbers entered the office of Contractor S. T. Roberts, in the business district of Des Moines, Ia., during the day and robbed him of $415 in and more than $500 in checks. Gen. James R. Carnahan, major general of the uniform rank, Knight of Pythias. died at his home. after an ness of two weeks. Arthur Weaver. a prominent business man of Clinton, Wis., was killed in a runaway. His wife was seriously injured and may die. John Ballard, assistant postmaster Richmond. Ky., has been arrested on charge of rifling registered letters. H. H. Loving, a former banker 8 Rose. A H this "sy inent lumber man. and killed him. is supposed that the shooting resulted from a quarrel over business affairs. The Warren paper mills at Raubs ville, Pa.. were almost destroyed fire. : Loss $50,000. partially insured. President Stuyvesant Fish, of the nois Central, declares rate discrimina tion should be stopped, but opposes government's naming the tariffs. Seven state insurance commissioner met in Chicago and decided to visit York and investigate the large life surance companies. The celebration of the semicentenni al of the opening of the Soo canal begun with a naval parade, witnesse by Vice President Fairbanks. Ohio prohibitionists nominated Aaro S. Watkins for governor. Policeman Patrick E. Owens. of cago, fatally shot his wife during quarrel. The Catholic Order of Foresters at international convention in Boston elected Thomas H. Cannon high chie ranger. King Oscar of Sweden has picked cabinet favorable to a peaceful settle ment with Norway. Through a return filed by an under taker at the office of the town clerk Middletown. Conn., the fact became lic that on July 14 George W. Tweed. son of the late William M. Tweed, of York, known as "Boss" Tweed, commit ted suicide by jumping from an veranda of the Connecticut hospital the insane. Andrew Wylie. for a long time a justic of the supreme court of the District Columbia. but who retired some ago, died at Washington. Disappointed in love. Charles E. Reese aged 50 years. one of the best-known most highly respected men in souther Montana, suicided by shooting himsel through the head in Virginia cemeter at Virginia City. Percy Pierce, of Buffalo, has awarded the $2,000 trophy offered Charles J. Glidden for the best showing in the recent automobile endurance from New York to Mount Washingto and return. Four lives were lost by the capsizin every THAT uo girs small e JO north of Verna, Itasca county, Minn near Ingstrom's landing. The names the unfortunates are: Edith Ticheno Goldie Tichenor. Everett Tichenor Mrs. J. M. Pogue, settlers of that portio


Article from Ottumwa Tri-Weekly Courier, January 2, 1906

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Business Failures Jan. 3-First national bank of Faribault, Minn., closed; receiver appointed. 9-Brott cotton mills, Massachusetts, capital $1,200,000. 27-Standard Rope & Twine Co., N. Y., for $12,000,000. 29-Pan-American bank, Chicago; assets $17,200, liabilities $75,900. Mar. 5-Arnold Brewing Co., Saulte St. Marie, Mich.; liabilities $85,000; assets $65,000. 7-Coe Co., Minneapolis; liabilities, $200,000. Apr. 3-Ladoga, Ind., bank; assets $80,000, liabilities $109,000. 24-Canton, O., state bank closes Lexington, Okla., First national bank fails. 26-Barberton O., First national bank Jun. 2-Ladysmith, Wis., First national bank closed. 19-Fyfe & Munson, Chicago, placed in receiver's hands. 23-Vicksburg, M h., exchange bank. 26-Knight, Donnelly & Co., Chicago. 28-Terre Haute, Ind., national bank closed doors. Jul. 5-Spring Valley, Ill., and Toluca, Ill., national banks close. 6-Hagerstown, Ind., Commercial bank; liabilities, $125,000. 19-Spring Valley, O., bank closes. 20-City national bank. Kansas City, Mo. Aug. 3-West Liberty, Ky., bank closes. 21-Western bank, Louisville, Ky.; due to overloans. Sep. 19-Minot, S. D., national bank closes doors. Oct. 6-Peoria (III.) national bank closes because of Dougherty indictments. Nov. 1-Kingfisher (Okla.) national bank closed by comptroller of currency. Dec. 18-John R. Walsh's three banks in Chicago. Chicago National, Home Savings and Equitable company in liquidation. Local clearing house guarantees payment of $26,000,000. Public and private accounts involved. 27-Merchants Trust company, American Savings bank and Mechanics Savings bank, Memphis, Tenn., close doors; first named in liquidation.


Article from Morgan County Democrat, January 5, 1906

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Business Failures Jan. 3-First national bank of Faribault, Minn., closed; receiver appointed. 9-Brott cotton mills, Massachusetts, capital $1,200,000. 27-Standard Rope & Twine Co., N. Y., for $12,000.000. 29-Pan-American bank. Chicago: assets $17,200, liabilities $75,900. Mar. 5-Arnold Brewing Co., Saulte St. Marie, Mich.; liabilities $85,000; assets $65,000. Apr. 3-Ladoga, Ind., bank; assets $80,000. liabilities $109,000. 26-Barberton. O., First national bank Jun. 2-Ladysmith, Wis., First national bank closed. 19-Fyfe & Munson, Chicago, placed in receiver's hands. 26-Knight, Donnelly & Co., Chicago. Jul. 5-Spring Valley, Ill., and Toluca, III., national banks close. 6-Hagerstown, Ind., Commercial bank: liabilities. $125,000. Aug. 3-West Liberty, Ky., bank closes. Sep. 19-Minot. S. D., national bank closes doors. Oct. C-Peoria (III.) national bank closes because of Dougherty indictments. Nov. 1-Kingfisher (Okla) national bank closed by comptroller of currency. Dec. 18-John R. Walsh's three banks in Ch'cago. Chicago National. Home Savings and Equitable company in liquidation. Local clearing house guarantees payment of 826,000,000. Public and private accounts involved. 27-Merchants Trust company, American Savings bank and Mechanics Savings bank. Memphis, Tenn., close doors; first named in liquidation.


Article from The L'anse Sentinel, January 6, 1906

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Business Failures Jan. 3-First national bank of Faribault, Minn., closed: receiver appointed. 9-Brott cotton mills, Massachusetts, capital $1,200,000. 27-Standard Rope & Twine Co., N. Y., for $12,000.000. 29-Pan-American: bank. Chicago; assets $17,200, liabiNities $75,900. Mar. 5-Arnoid Brewing Co., Saulte St. Marie, Mich.; liabilities $85,000; assets $65,000. 7-Coe Co., Minneapolis; liabilities, $200.000. Apr. 3-Ladoga, Ind., bank; assets $80,000. liabilities $109.000. Lexing. 24-Canton, O., state bank closes ton, Okia., First national bank falls. 26-Barberton. O., First national bank Jun. 2-Ladysmith, Wis., First national bank closed. 19-Fyfe & Munson, Chicago, placed in recelver's hands, 23-Vicksburg, Mich., exchange bank. 26-Knight, Donnelly & Co., Chicago. 28-Terre Haute, Ind., national bank closed doors. Jul. 5-Spring Valley, Ill., and Toluca, III., national banks close. 6-Hagerstown, Ind., Commercial bank; liabilities, $125,000. 19-Spring Valley, O., bank closes. 20-City national bank. Kansas City, Mo. Aug 2-West Liberty, Ky., bank closes. 21-Western bank. Louisville, Ky.: due to overloans. Sep. 19-Minot, S. D., national bank closes dcors. Oct. 6-Peoria (III.) national bank closes because of Dougherty indictments. Nov. 1-Kingfisher (Okla.) national bank closed by comptroller of currency. Dec. 18-John R. Walsh's three banks In Ch eago. Chicago National, Home SavIngs and Equitable company in liquidation. Local clearing house guarantees payment of . $26,000,000. Public and private accounts Involved. 27-Merchants Trust company, American Savings bank and Mechanics Savings bank. Memphis, Tenn., close doors; first named in liquidation.


Article from The Montgomery Tribune, January 12, 1906

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Business Failures Jan. 3-First national bank of Faribault, Minn., closed: receiver appointed. 9-Brott cotton mills, Massachusetts, capital $1,200,000. 27-Standard Rope & Twine Co., N. Y., for $12,000,000. 29--Pan-American bank, Chicago; assets $17,200, liabilities $75,900. Mar. 5-Arnold Brewing Co., Saulte St. Marie, Mich.; liabilities $85,000; assets $65,000. 7-Coe Co., Minneapolis; liabilities, $200,000. Apr. 3-Ladoga, Ind., bank; assets $80,000, liabilities $109,000. 24-Canton, O., state bank closes Lexington, Okla., First national bank fails. 26-Barberton, O., First national bank Jun. 2-Ladysmith, Wis., First national bank closed. 19-Fyfe & Munson, Chicago, placed in receiver's hands. 23-Vicksburg, Mich., exchange bank. 26-Knight, Donnelly & Co., Chicago. 28-Terre Haute, Ind., national bank closed doors. Jul. 5-Spring Valley, Ill., and Toluca, Ill., national banks close. 6-Hagerstown, Ind., Commercial bank; liabilities, $125,000. 19-Spring Valley, O., bank closes. 20-City national bank, Kansas City, Mo. Aug. 3-West Liberty, Ky., bank closes. 21-Western bank, Louisville, Ky.: due to overloans. Sep. 19-Minot, S. D., national bank closes doors. Oct. 6-Peoria (III.) national bank closes because of Dougherty indictments. Nov. 1-Kingfisher (Okla.) national bank closed by comptroller of currency. Dec. 18-John R. Walsh's three banks in Ch'cago. Chicago National, Home SavIngs and Equitable company in liquidation. Local clearing house guarantees payment of $26,000,000. Public and private accounts involved. 27-Merchants Trust company, American Savings bank and Mechanics Savings bank, Memphis, Tenn., close doors; first named in liquidation.


Article from The Commonwealth, January 12, 1906

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Business Failures Jan. 3-First national bank of Faribault, Minn., closed; receiver appointed. 9-Brott cotton mills, Massachusetts, cap!tal $1,200,000. 27-Standard Rope & Twine Co., N. Y., for $12,000,000. 29-Pan-American bank, Chicago; assets $17,200, liabilities $75,900. Mar. 5-Arnold Brewing Co., Saulte St. Marie, Mich.; liabilities $85,000; assets $65,000. 7--Coe Co., Minneapolis; liabilities, $200,000. Apr. 3--Ladoga, Ind., bank; assets $80,000. liabilities $109,000. Lexing24-Canton, O., state bank closes ton, Okla., First national bank falls. 26-Barberton O., First national bank Jun. 2-Ladysmith, Wis., First national bank closed 19-Fyf fe & Munson, Chicago, placed in receiver's hands. 23-Vicksburg, Mich., exchange bank. 26-Knight, Donnelly & Co., Chicago 28-Terre Haute, Ind., national bank closed doors. Jul. 5-Spring Valley, Ill., and Toluca, III. national banks close. 6-Hagerstown Ind., Commercial bank; llabilities, $125,000. 19-Spring Valley, O., bank closes, 20-City national bank, Kansas City, Mo. Aug. 3-West Liberty, Ky, bank closes. 21-Western bank Louisville, Ky.; due to overloans. Sep. 19-Minot, S. D., national bank closes doors. Oct. 6-Peoria (III.) national bank closes because of Dougherty indictments. Nov. 1-Kingfisher (Okla.) national bank closed by comptroller of currency, Dec. 18-John R. Walsh's three banks in Ch cago. Chicago National, Home Savings and Equitable company in liquidation. Local clearing house guarantees payment of $26,000,000. Public and privateaccounts involved. 27-Merchants Trust company, American Savings bank and Mechanics Savings bank. Memphis, Tenn., close doors; first named in liquidation.


Article from The Grenada Sentinel, January 13, 1906

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Business Failures Jan. 3-First national bank of Faribault, Minn., closed; receiver appointed. 9-Brott cotton mills, Massachusetts, capital $1,200,000. 27-Standard Rope & Twine Co., N. Y., for $12,000,000. 29-Pan-American bank, Chicago; assets $17,200, liabilities $75,900. Mar. 5-Arnold Brewing Co., Saulte St. Marie, Mich.; liabilities $85,000; assets $65,000. 7-Coe Co., Minneapolis; liabilities, $200,000. Apr. 3--Ladoga, Ind., bank; assets $80,000, liabilities $109,000. 24-Canton, O., state bank closes Lexington, Okla., First national bank fails. 26-Barberton, O., First national bank Jun. 2-Ladysmith, Wis., First national bank closed. 19-Fyfe & Munson, Chicago, placed in receiver's hands. 23-Vicksburg, Mich., exchange bank. 26-Knight, Donnelly & Co., Chicago. 28-Terre Haute, Ind., national bank closed doors. Jul. 5-Spring Valley, Ill., and Toluca, III, national banks close. 6-Hagerstown, Ind., Commercial bank; liabilities, $125,000. 19-Spring Valley, O., bank closes. 20-City national bank, Kansas City, Mo. Aug. 3-West Liberty, Ky., bank closes. 21-Western bank, Louisville, Ky.; due to overloans. Sep. 19-Minot, S. D., national bank closes doors. Oct. 6-Peoria (III.) national bank closes because of Dougherty indictments. Nov. 1-Kingfisher (Okla.) national bank closed by comptroller of currency. Dec. 18-John R. Walsh's three banks in Ch'cago. Chicago National, Home Savings and Equitable company in liquidation. Local clearing house guarantees payment of $26,000,000. Public and private accounts involved. 27-Merchants Trust company, American Savings bank and Mechanics Savings bank, Memphis, Tenn., close doors; first named in liquidation.