7888. First National Bank (Corunna, MI)

Bank Information

Episode Type
Run โ†’ Suspension โ†’ Reopening
Bank Type
national
Bank ID
1256
Charter Number
1256
Start Date
June 1, 1888*
Location
Corunna, Michigan (42.982, -84.118)

Metadata

Model
gpt-5-mini
Short Digest
57d66362e20a729a

Response Measures

Full suspension

Description

Newspaper items from June 1888 report a heavy withdrawal (a $50,000 run) on the First National Bank of Corunna, a subsequent temporary suspension, and that the bank has resumed business. Dates are taken from June 1888 newspaper issues. OCR errors in Article 1 were corrected (fragmented sentence indicating the bank 'resumed business after a temporary suspension'). Cause of the run is not specified in the articles, so classified as 'other/unknown'.

Events (6)

1. June 10, 1865 Chartered
Source
historical_nic
2. June 1, 1888* Run
Cause Details
Article notes a $50,000 run on the bank but provides no explanation or trigger (no specific rumor, correspondent failure, or bank-specific scandal mentioned).
Measures
Bank temporarily suspended operations (see suspension event); later resumed business.
Newspaper Excerpt
Corunna's First National bank is jogging along all right, despite the $50,000 run recently made on it.
Source
newspapers
3. June 14, 1888 Suspension
Cause Details
Temporary suspension followed a period of heavy withdrawals (run); article does not attribute suspension to government action or voluntary liquidation.
Newspaper Excerpt
The First National bank of Corunna has resumed business after a temporary suspension.
Source
newspapers
4. June 15, 1888 Reopening
Newspaper Excerpt
The First National bank of Corunna has resumed business after a temporary suspension.
Source
newspapers
5. March 1, 1905 Other
Newspaper Excerpt
The First National Bank, of Corunna, will on its 40th anniversary, March 1, change to a private banking establishment ... The other stock holders will be paid in full for their holdings.
Source
newspapers
6. March 1, 1905 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (4)

Article from Weekly Expositor, June 14, 1888

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Article Text

WOLVERINE WHISPERINGS. druggist Dr. T. liquor D. Quinn, the Muskegon in violation the convicted state liquor of selling law, will appeal. have just of the Michigan dischargecontral farmer's Five or six on old the conductors Mackinac railroad. division wife of Mrs. Robert was Peterson, kicked and was trampled on milking by a received die. Thomastown vicious cow which she internal injuries Mrs. Peterson will probably from which she wanted at Buffalo was to an- arJohn Connelly, of grand and larceny, locked up to swer rested a in charge East requisition Saginaw from the governor. await a is 26 years of age. Lake county Connelly Slade, sent from house of correction par10, months for enciente. for April Gertie three to the she Detroit is larceny, has been lost in because became doned Wehner's little Hope son and died from road the Frank woods near His Port body was found in a at exhaustion nine miles from home. been sentenced about Joseph Porteous years has in the state prison and Au- for Saginaw to assaulting five years little girl, old, to nine Chicago gustus criminally imprisonment Abeling, 18 for like charge. have been months' Callaghan & Co. for of printing from the June 1 supreme given reports the contract for eight years of wheat aday by ground court Eighteen hundred the Standard bushels roller mills at of a wheels are Holland. Malloy fell under branch the of the MichiPat on the Gladwin instantly killed. Central lumber on hand, crain gan stated and in was the little dry centers stock that to It is remarkably goes the sales there and is 80 far as small the green lots, with once in gun are while confined a small cargo sale. the Flint the man banks whose of river Flint April Charles and hat Moisley, were 6, found is believed upon to be in into the broken Canada. other The night postoffice and all at Caro the stolen. letters was The in the safe general and delivery department not molested. sendraw were has been stamp Coilins of Cadillac, the state house of Cham- cortenced Tim to 90 for threater days in that to place. kill L. De who arrested rection a merchant of William Parker, charge from plin, W R Smith. at East alias Saginaw William on Kelley a at Circum: evidence of Cadillac, was stealing has 8800 pleaded against not him guilty is considered the stantial strong E. C. 90 days Butler in the of house Cadillac, of correction will spend Grand for whipping next his wife. a Chicago & killed at George brakeman, Beattie, was other instantly morning; and His Mishawaka, Trunk fastened Ind., the in the guard rail, foot became over by the train. service weekly he was Michigan run weather ending June states crops that but bulletin for the weather has been favorThe effect of week past week on all rapid and corn the during the growth has rains been of the 27th had able encouraging. and the The an unfavorable heavy effect on the East and newly 28th planted corn. post G. A. R. of of the intimates one of the Saginaw Morgan well L. Gage as that the late it has youngest unpleasant one eighty men oldest participated as in One is in his years old. says years ness who third year upon and its he the roll. carried other a is sword 37 when 12 solThe latter old. is talking about erecting a Soldiers' 24. diers' Decatur monument. and sailors' reunion at Allegan the Aug. 21, 22, 23, Chandler, and a graduate of the univer- of Coldwater Miss Anna high pointed school Ruperintendent of sity, has been in Marquette. wheat public schools schooner Maggie tow McCool, of the steam- Ste. laden The for Kingston, was sunk in near ice Sault field. The was vessel valued Marie barge Bruno, by running at into $10,000; an the cargo at seriwas $20,000. Crawford of Flint, G. H. & who M. train $4,500 near by company, James injured by a D., has been paid bills were Gaines ously last winter, and all of his doctor's in Sand's the paid. Davidson, an employe county, was inWilliam in Crawford log. lumber camp by a falling at Hargrave, stantly killed girls employed mill in Bay City, 75 Thirty & two Co.' shingle of wages from was in Haven for an increase The increase girls. cents struck to 81 The e per employment day. shingles of an the innovation granted. emanufacture of proved successful. the has thus far mining and smelting Rapthat The Freeman been silver organized of at Grand which $75,company with has capital of do $100,000, general silver Mexico. mining is 000 is at San Jose, for business business ids, company paid in, is to organized of Chihuahua Grand Rapids years and have The made up mainly Rapids Friendless men. boys with of a Grand home E. through P. Fuller. the been provided (and cash) of Mrs. Paris township, uskindness A girl named was Ruby burned of to death by Huron county, to kindle a fire. planing ing kerosene in David Lyon's the other ing. at The several fish The South boiler Haven building exploded was houses completely near by. wrecked, For well as was killed. of tunately as no one son of Charlie out Chovin sailing Frank Chovin, Arenac county, sized was boat on nearly Sagwith Saganin, his father when in a a large gale throwing came up, the boy capsizing inaw bay the Before boat and the the father last could time. reach The overboard. he had sunk the next day. State Gleason's Deep the his body son was recovered store and postoffice River, was at burcash Road d crossing the other near night about All $30 of worth goods of stamps the store. glarized In the were postoffice taken, and and a quantity of firm of insurance arfrom Henry L. Strong at of Lapeer, the has prohibiting been Strong & Weston violation of companies the law from act- takrested for insurance The firm were company graveyard ing risks agent in this for state The the Old arrest People's of Mr. Strong's the bath of ing Elkhart. as will Ind. follow. Port Huron took partner W. E. Bancroft of of mails June 4. resumed of The as First superintendent business National after bank a temporary of Corunna sus- has the meeting 22-25. pension. anivation The second army annual will he camp held in Lansing June


Article from Alma Record, June 15, 1888

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WOLVERINE WHISPERINGS. The First National bank of Corunna has resumed business after a temporary suspension. The second annual camp meeting of the salvation army will he held in Lansing June 22-25. W.H. Pomeroy, a horse dealer of Paw Paw, Bold 1,000 Texas ponies last year in Cass, Van Buren and Berrien counties. James T. Moore of Hancock has been appointed to a cadetship at West Point Ann Arbor has voted to raise $5,000 to fill up the depleted treasury. Gardner Barber of Northville is over 100 years old, and a Mexican war pensioner. The commencement exercises at the Michigan military academy, Orchard Lake, occur June 13. Company D, Fifth Michigan cavalry, will hold their second annual reunion at North ville, August 12. Ten companies of the Michigan state militia will participate in the Fourth of July celebration at Lansing, The President has signed the bill to make Grand Rapids a port of entry. Col. George C. Briggs of Grand Rapids, and Gen. John P. Rea of St. Paul. Minn. have been elected directors of the Gettysburg battlefield memorial association, the local association which keeps its eye on that historic field. Col. Briggs is a member of the Michigan Gettysburg monument commission, and was adjutant of the Seventh Michigan cavairy at Gettysburg. The following is the organization of the Michigan delegation in the St. Louis convention: Chairman, Byron G. Stout: secretary, R. C. Flannigan: resolutions, Geo. L. Yaple: credentials, J. G. Parkhurst: organization, Charles R. Whitman: committeeman, O. M. Barnes Arrangements have been made for repairing the buildings on the state fair ground in Jackson, and putting the grounds in order for the next state fair All of the old sheds have been torn down, and 500 new ones are to be built. The annual picnic of the Farmers' club of northern Lenawee county will be held at Sand Lake, June 23. The Calumet & Heela copper mine product for May was 2,600 tons; Franklin, 185 tons: Atlantic, 2351 tons: Quincy (for 15 days' run of the mill), 183. The Osecola and Tamarack mine managers refuse to give their figures. Allegan township is mulcted $1,439 for the death of Joseph Falk, which was caused by a defective roadway, by which he was thrown from a load two or three years ago. The Knights of Labor assembly of Coldwater is defunct. Lizzie Murphy, aged 15, the daughter of a farmer in Thomastown, Saginaw county, who excited great interest through fasting seven weeks last winter, after which eating sparingly and remaining a living skeleton. died on the 5th inst. She had never been herself since before being taken sick the first time, although then she was a rosy, ruddy, healthy girl. The Presbyterian church of Homer celebrated the 50th anniversary of its organization on the 3rd inst. The annual reunion of the Twenty-third Michigan Infantry will be held in Midland Aug. 7. The Adrian canning factory has made about 500,000 cans this season. Work on the Lowell canning factory will be commenced at once. A rich vein of copper has been found near the state prison at Marquette. Mrs. Ward, an old lady who lived on a little farm near Cedar Springs, and had hard work to make a living for herself and children, has fallen heir to a large sum of money left by a relative in New York. Charles Armstrong of Prairieville, Barry county, was buried in a well from which he was removing the curbing, at the Lins. ley school house, near North Pine Lake, the other morning. His body was reached at 4 o'clock in the afternoon, and the coroner's jury declared his death resulted from his own cirelessness in leaving the walls of the well unsupported


Article from The Times, June 22, 1888

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rying a Greek, who was supposed to be wealthy, but when they reached Greece no fortune could be found, has at last reached her native heath at East Saginaw. She'll not take another matrimonial trip abroadnot right awly. Devil's Lake, a Lanawee county hamlet, is putting in her bid as a summer resort. Ought to be a good exploring field for Sunday school excursions. L.K. Shaw, the Romeo man who wandered from home in left a a wife also some a behind. swamp, away He widow left last water and and property divorced died which just now figures as a bone of contention in the courts between the above mentioned feminines. Mrs. Edward Wilman, the St. Charles lady who was shot by her husband, will recover and announces her intention of becoming an Adventist missionary. The F. & P. M. railway is replacing its wooden bridges with solid iron and stone structures. The Lansing Condensed Milk company has shipped a car load of their product to South America. It ought to be good as the company uses over $100,000 worth of best refined sugar to sweeten it with. Corunna's First National bank is jogging along all right, despite the $50,000 run recently made-on it. Some institutions show a heap of vigor in an emergency. A couple of Boston sportsmen came to Michigan in search of game and wandered down into Emmet county to make the ac quaintance of the immense flocks of pigeons resulted the nesting there. in Two capture weeks of of just assiduous two birds, labor showing them to be "culchawed" marksmen of the first order. James Crawford, the Gaines man who was injured on the D. &M. road last winter, receives $4,600 in cool cash, and the company pays'his doctor's bills. They carry a high hand at Sault Ste. Marie. An English dude spent four days taking in the Soo sights, and it cost him $250-all the money he had. Charles Armstrong, a Barry county man, while engaged in digging a well, was buried by a cave-in and killed. He had failed to take the necessary precautions in curbing the well. Ed Klingingsmith, a Crooked Lake lad took in a charivari, and a bullet in his leg the other night. Lots of fun at these horning bees. A Mecosta county man has been taken in charge by an agent of Uncle Sam because of the curiosity that led him to open letters addressed to a couple of lady acquaintances. A Minden City girl, 15 years of age, built her last fire with kerosene one morning recently. The funeral was held two days later. A twenty-ton chunk of copper was recently discovered at Copper Falls. 'Twill all go to feed the insatiate greed of the French syndicate. The Northport farmers who carried over several thousand bushels of potatoes with the expectation of $1 prices, and are now selling for 55 cents, are realizing the uncertainty of human calculations. Henry L. Strong, a Lansing insurance man is in the toils because he monkeyed with the Old People's company, of Elkhart, Ind., regardless of what the state law says about graveyard insurance. Oakland county has a farmer whose conscience was sorely troubled because he kept some money that rightfully belonged to a commission man, since 1874, and so he returned $23.66 and is happy. Benjamin F. Osgood, Mendon's postmaster, is less than 22 years old, and is claimed to be the youngest postmaster of the third class in the country. McDonald people are perfumed with the ordor of 100 acres of growing onions. Whew? smell 'embreath. Lansing folks have been inspecting a 350 foot belt that's five et wide and weighs 16,000 pounds. 'Twasn't made for hooping a dude. During the month of May the Adrian postoffice put out 21,000 postal cards on a long suffering public. Grand Rapids' home for motherless boys is ready for their reception. G.W. Cooley, the Mount Morris man who is growing four acres of watermelons, is the owner of a well-trained shot-gun. Capt. Lottie Jackson, of the Kalamazoo detachment of the Salvation Army, who sued that city for $10,000 damages because she wasn't allowed to hold street seances, must forego the pleasure of raking in the coveted prize. On the contrary she has been fined $10 by a local court for obstructing the streets. Adrian's canning factories have been preparing for season's operations by making nearly 500,000 cans. Some of Flushing's young ladies have been experimenting by taking early morning walks, and have found them to be conducive to health, good appetites and good nature. A $11,000 blaze made things lively at South Lyon on the 5th. The loss is divided among eight or ten firms with very little insurance. Rev. T. S. McCall, an Ionia clergyman, has quit preaching and will take charge of Liberty college at Glasgow, Ky, a school for young ladies.


Article from The Owosso Times, February 10, 1905

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Changes To Private Bank. The First National Bank, of Corunna, will on its 40th anniversary, March 1, change to a private banking establishment, to be run by Mayor W. F. Gallagher, Cashier W. A. Rosenkrans, and John Driscoll. of Corunna, and T. M. Euler, of Owosso. The other stock holders will be paid in full for their holdings.