Article Text
Indiana Bank Failure, Connorsville, Ind., Feb. 5.-The Citizen's bank, owned by ex-U. S. Treasurer Huston, assigned this morning. It is stated that the deposits will be paid in full.
Citizens Bank (Connersville, IN)
Episode Information
- Episode UID
8363816691154- Episode Type
- Suspension → Run → Closure
- Bank Type
- trust
- Bank ID
-
836381669hash - Start Date
- February 5, 1896
- Location
- Connersville, Indiana (39.641, -85.141)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
9f50f22503086d21
Response Measures
None
Description
Bank made a voluntary assignment; crowds of depositors gathered after the posted notice.
Events (3)
1.
February 5, 1896
Other
- Newspaper Excerpt
- This announcement created the utmost excitement, and crowds of depositors surrounded the bank, anxious to ascertain the exact condition of affairs.
- Source
- newspapers
2.
February 5, 1896
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- Announcement of Huston's voluntary assignment and inability to realize on bank paper spurred depositor agitation and crowding.
- Newspaper Excerpt
- crowds of depositors were surrounding the bank, anxious to ascertain the exact condition of affairs.
- Source
- newspapers
3.
February 5, 1896
Suspension
- Cause
- Voluntary Liquidation
- Cause Details
- Owner J. N. Huston executed a voluntary assignment for benefit of creditors, prompting suspension.
- Newspaper Excerpt
- the Citizens' Bank of Connersville has suspended payment pending the adjustment of its affairs, according to law.
- Source
- newspapers
Newspaper Articles (20)
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EX-TREASURER HUSTON. He Makes an Assignment for the Benefit of His Creditors. CONNERSVILLE (Ind.), Feb. 5.Ex-United States Treasurer J. N. Huston made an assignment this morning for the benefit of his creditors. The cause of the failure is attributed to being unable to realize on bank paper. This notice appeared on the door of the Citizens' Bank of this city at the hour of opening this morning: "J. N. Huston having executed a voluntary assignment for the benefit of his bona fide creditors, the Citizene' Bank of Connersville has suspended payment pending the adjustment of its affairs, according to law. "JAMES M'INTOSH, "Trustee for the creditors of J. N. Huston." This announcement created the utmost excitement, and crowds of depositors surrounded the bank, anxious to ascertain the exact condition of affairs. Mr. Huston is now confined to his bed by an affection of the eye. To a reporter Dr. Smalley, Mr. Huston's physician, said: "Mr. Huston has been in a critical condition for more than two weeks past. His eyesight has almost failed him. The assignment was hastened by the condition of his health. His creditors will be paid in full. His assets are $300,000, while his liabilities will not be over $105,000 at the outside."
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Indiana Bank Failure. CONNERSVILLE, Feb. 6.-The Citizens' bank, owned by ox-United States Treasurer Huston. assigned Wednesday moraing. The statement to the public says that all deposits will be paid in full in times mouthed
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Huston's Bank Suspends. CORNERSVILLE, Ind., Feb. 6.-The Citizens' bank, owned by ex-United States v. Treasurer Huston. assigned. The statement to she public says that all deposits will be paid in full in three months.
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HUSTON IS A BANKRUPT, The Ex-Treasurer of the United States Goes Into Voluntary Insolvency. Inability to Realize on Bank Paper the Announced Cause of the Failure. CONNERSVILLE, IND., Feb. 5.-ExUnited States Treasurer J. N. Huston made an assignment this morning for the benefit of his creditors. The cause of the failure is attributed to being unable to realize on bank papers. This notice appeared on the door of the Citizens' Bank at the hour of opening this morning: J. N. Huston, having executed a voluntary assignment for the benefit of his bona fide creditors, the Citizens' Bank of Connersville has suspended payment pending the adjustment of its affairs according to law. JAMES MCINTOSH, Trustee for the creditors of J. N. Huston. This announcement created the utmost anxiety, and crowds of depositors surrounded the bank, anxious to ascertain the exact condition of affairs. Mr. Huston is now confined to his bed by an affection of the eye. To a reporter, Dr. Smalley, Mr. Huston's physician, said: "Mr. Huston has been in a critical condition for more than two weeks past. His eyesight has almost failed him. The assignment was bastened by the condition of his health. His creditors will be paid in full. His assets are $300,000, while his liabilities will not be over $105,000 at the outside."
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his bona fide creditors the Citizens' bank of Connersville, Ind., has suspended payment pending the adjustment of its affairs, according to law. "JAMES McINTOSH, "Trustee of the Creditors of J. N. Houston." This announcement created the utmost excitement and in a short time crowds of depositors were surrounding the bank anxious to ascertain the exact condition of affairs. Mr. Huston is now confined to his bed with an affectation of the eye. To a reporter Dr. D. I. Smalley, Mr. Huston's physician, said: "Mr. Huston has been in a critical condition for more than two weeks past. His eye sight has almost failed him. He is not able to read his name, except by the aid of pewerful glasses. The assignment was hastened by the condition of his health. His creditors will be paid in full and Mr. Huston will have a neat fortune left. His assets are $300,000, while his liabilities will not be over $150,000 at the outside." Mr. Huston's son-in-law, Howard Gordon, has been cashier of the bank until recently, when he was compelled to go to New Mexico for his health.
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Made an Assignment. Connorsville, Ind., Feb. 5.-The Citizens' bank, owned by ex-United States Senator Huston, assigned this morning. The statement to the public is that all deposits will be paid in full in three months.
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HUSTON'S BANK FAILS. Ill-Health of the Ex-Treasurer Is Said to Be the Cause. CONNORSVILLE, Ind., Feb. 5.-For the second time in two years the Citizen's bank of this city closed its doors. Ex-U. S. Treasurer, J. N. Huston is the president and operator. The notice on the door reads as follows: "James N. Huston having executed a voluntary assignment for the benefit of his bona fide creditors, the Citizens' Bank of Connorsville, Ind., has suspended payment, pending the adjustment of affairs according to law." Failing eyesight is given as the cause of the assignment. The card also states that the estate is amply able to pay all liabilities.
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Huston's Bank Fails. Connersville, Ind., Feb. 5.-The Citizens' bank, owned by ex-United States Treasurer Huston, assigned to-day. The statement says that all deposits will be paid in full in three months.
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Indiana Bank Assigns. CONNORSVILLE, Feb. 6.-The Citigens' bank, owned by ex-United States Senator Huston, assigned yesterday. The statement to the public states that all deposits will be paid in full in three months.
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NEWS IN BRIEF. An earthquake frightened the citizens of Santa Crus del Sur, Cuba. Lady Jane Francesca Speranza Wilde, mother of Oscar Wilde, is dead. After a hot debate the District of Columbia appropriation bill was defeated in the House Wednesday. Henry M. Stanley sides with the Americans in the Veneznelan dispute. Modjescka's condition is SO improved that she will resume her engagement next week. The House suddenly passed a bill prohibiting prize fights on United States territory. The Scotch oil combine has gone to pieces and the Standard Oil Company is again in control. The remains of Prince Henry, of Battenberg, were enterred in Whippingham, Isles of Wight Wednesday. The Senate Foreign Relations Committee has reported a substitute for the Morgan Cuban resolution. The effect of opening the bond bids on the New York financial markets was to give everything a better tone. Richard Klattke, of Chicago, murdered his father, mother, wife and three children and took his own life Wednesday. Arkansas Democrats will hold their State convention in June to name delegates to to the National Convention and nominate a State ticket. The Citizens' Bank of Connersville, Ind., of which James N. Houston, ex-Treasurer of the United States, is President, has suspended payment. Openings of the bids for bonds revealed an aggregate subscription for $558,259,000 of bonds, a result far in excess of the most enthusiastie anticipations. Snit has been instituted by Attorney General of Texas against the Waters-Pierce Oil Company of St. Louis for forfeiture of character for
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The Citizens' Bank of Connersville, Ind., of which James N. Houston, ex-Treasurer of the United States, is President, has suspended payment.
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J. N. HUSTON FAILS. Citizens' Bank of Connersville, Ind., in Consequence Closes Its Doors. Connersville, Ind., Feb. 6.-On Wednesday, owing to inability to realize on bank papers, an assignment for the benefit of his creditors was made by ex-United States TreasurerJ. N. Huston. At the hour of opening business on Wednesday a notice of suspension of payments pending adjustment of its own and Mr. Huston's affairs, WAS posted on the door of the Citizens' bank of this city. This announcement created the utmost excitement and in a short time crowds of depositors were surrounding the bank, anxious to ascertain the exnet condition of affairs. Mr. Huston is now confined to his bed by an affection of the eye. To a reporter Dr. D.J. Smalley, Mr. Huston's physician, said: "Mr. Huston has been in a critical condition for more than two weeks past. His eyesight has almost failed him. He is not able to read his name, except by the aid of powerful glasses, The assignment was hastened by the condition of his health. His creditors will be paid in full and Mr. Huston will have a neat fortune left. His assets are $300,000, while his liabilities will not over $105,000 at the outside." Mr. Huston's son-in-law, Howard Gordon, has been cashier of the bank until recently, when he was compelled to go to New Mexico for his health.
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George 11. life was saved by a Knights of Pythias watch charm Monday night. Houze was held up in a lonely spot near Muncie by a footpad and in the struggle that followed three shots were fired. One ball would have penetrated Houze's stomach. but it struck his watch charm, glancing off. He finally secured the revolver and nearly beat the life out of his assailant with it. Between First and Second streets, in the north end of Decatur, runs a deep ravine. Along the banks of this, in a secluded spot, hidden by brush and trees, an entrance to a cave has been found. It is a novelty and almost a wonder, since it was built by boys whose ages run from 12 to 16 years. In this cave were found eighteen small rifles, with several hundred rounds of cartridges, provisions, various kinds of tobacco and a large supply of cheap novels. As far as can be ascertained there are about twenty memhers of the gang. and they seem to be bound in secrecy to reveal nothing. No one knows what their object is or how they built the cave. Some surmise that it is an old Indian cave. The discovery has occasioned much comment. The failure of ex-United States Treasurer J. N. Huston came in the nature of a surprise to citizens of Connersville. When the time for opening the Citizens' Bank arrived Wednesday the curtains were tightly drawn. and a notice was posted to the effect that owing to the severe illness of Mr. Huston, the proprietor, an assignment had been made in favor of the bona fide creditors, and that every dollar of the indebtedness would be paid in full. The assignee, James M. McIntosh, states that the indebtedness will amount to about $105,000, while the assets will reach more than $200,000. Mr. Huston's health has been failing for some time past, and at this time his condition is quite critical. A reporter was met by Mrs. Huston, who refused to allow any one to see her busband. The ex-United States Treasurer has been badly treated by politicians where he had reason to expect favors. More than two years ago mortgages were recorded against Mr. Huston's property, aggregating $26,000. These have never been satisfied. It is said he carries life in surance to the amount of $100,000. S. P. Vanwinkle, a justice of the peace in Crown Point, was notified that he was probably one of four people who are heirs to an estate in New York valued at $4,000,000. The estate, it is claimed, was first owned by Mr. Vanwinkle's grandfather, who died about 1790. The family moved from the State and all became sep-
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FINANCE AND TRADE. The first steel mill in the South will soon be operated at Fort Payne, Ala. Dallas business men have subscribed $10,000 to pay the Texas state fair debt. The Scotch oil combine has gone to pieces and the Standard Oil combine is again in control. A London dispatch says that it is rumored that an attempt will be made to corner cotton during 1895. The effect of opening the bond bids on the New York financial markets was to give everything a better tone. The Southwest Missouri lead and zinc report shows an increase in sale of the former; a decrease in the latter. The grain market review shows that fluctuation during the last week was aue more to manipulation than to natural causes. The Citizens' bank of Connersville, Ind., of which James N. Huston, extreasurer of the United States, is president, has suspended payment. Bank Commissioner Breidenthal has ordered the Valley State bank at Hutchinson, Kan., to close its doors and wired that he would be there to take possession.
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A cool head and a warm heart should go together. The Citizens' bank of Con nors vlle Ind., owned by ex-United States Treasurer Husted, has assigned. All deposits ill be paid in full.
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Citizens' Bank Assignment. The Citizens' Bank, of Connersville, Ind., owned by ex-United States Treasurer Thurston, assigned Thursday morning. The statement to the publie saye that all deposits will be paid in full in three months.
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families. Several firemen were injured in a fire that destroyed King & Goddard's ware house in Boston, entailing losses aggregating $100,000. Detectives found the hat and bloody handkerchief of Pearl Bryan, the murdered girl, beside the Chesapeake and Ohio Railroad tracks near Newport, Ky Peter L. Atkins and Maud Kelly, a young woman. perished in attempting to cross the flooded meadows near Middletown. N. Y., in a buggy.-- -Eight persons were seriously injured by the derailing of a passenger car on the Cleveland, Canton and Southern Railroad near Dell Roy, Ohio. The Altmeyer Theater, in McKeesport, Pa., and adjoining property were destroyed by fire. G. M. Barton was burned to death. Joseph R. Dunlop. proprietor of the Chicago Dispatch, was sentenced to two years in the Penitentiary. Fire at Lancaster, Pa., destroyed part of the works of the Chalfont Manufacturing Company. Loss $30,000 J. R. Colean. the defaulting bank cashler of Fort Scott. Kan., was sentenced to five years in the penitentiary. At Providence, R. I., President Joseph Bannigan, of the Rubber Tr st, resigned, to take effect tMarch 31.-Ex-Alderman George O. Tilton, of Haverhill, Mass., one of the alleged toodle aldermen of that city. was sontenced to serve fifteen months in the House of Correction. The alleged bribery occurred in connection with the issuance of liquor licenses at Haverhill.- Bordentown, N. J., the power-house building which was being built for the Bordentown Electric Light and Power Company was blown down durlag a storm. The building was complete, with the exception of the roof.-Theidentification of the body of the murdered headless woman found near Fort Thomas, Ky., as Pearl Bryan, was followed by the arrests of Scott Jackson, a student at the Ohio Dental College, William Wood and Alonzo Walling. Statements of Jackson and Walling to the Cincinnati police authorities are virtual admissions of their guilt. Jackson is said to have turned state's evidence against Alexander Letts, now serving a term in the New Jersey state prison for embezzling $23,000 from the Pennsylvania Railroad Company. The winh and rain storm unroofed and undermined a number of buildings in Eastern cities. A condemned building in Brooklyn, N.Y., was blown down and two men were killed and one injured. In the neighborhood of Hazleton, Pa., many barns were wrecked and fruit trees destroyed. The schooner Allie B. Catherall went ashore near False Cape, Va., Life Saving Station. The crew a were saved, but the veggol and cargo are total loss. Several vessals were blown ashore in New York Bay.-The House of Delagates in Virginia atoos action against pool selling at race tracks. Two cuits were entered in Nortoik against the Norfolk and Washington Steamboat Company for ten thousand dollars each by the administrator and the daughter of Ellis Gibbs, deceased.- motion to defeat the Maupin anti-race track bill was defeated in the Virginia House. Michael Lynch, Dan'l Brown and John Swan, ex-keepers of the Farmhurst Insane Hospital, were indicted in Wilmington for murder.- Anthony Jemmitz was found guilty of murder in the first degree in Wilkesbarre for killing Anthory Yeasley.--The Citizens' Bank at Connersville, Ind., assigned. H. Richelderfer was ia his home found dying in Philadelphia, dead in and his housekeeper, Anca Tate, her room. The house had been transacked. At Connersville, Ind., the Citizen's bank, owned by ex-United States Treasurer Huston, assigned. The statement to the public says that all deposits will be paid in full in three months. There is an epidemic of typhoid fever in Elmira, N. Y. ---Richard Klattke, an anarchist, in Chicago killed hi father, mother, wife and three children and then himself.- A. J. Fountain, a law yer, has been kidnapped in New Mexico by cowboys. Governor McIntyre, of Colorado, has determined a upon complete reorganization with of and departments a to a stop to the view Denver putting fire police gambling and kindred evils in the city. President Frank Church, of the fire and police boards, resigned in compliance with a request from the persons were governor.--Four oil stoveat seriously burned by the explosion of an the residence of Thomas Coswell in Camden, N. J. The injured are Thomas Boswell, his wife and son and Mr. Joseph Bowes.
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FINANCE AND TRADE. Dallas business men have subscribed $10,000 to pay the Texas state fair debt. The Scotch oil combine has gone to pieces and the Standard Oil combine is again in control. A London dispatch says that it is rumored that an attempt will be made to corner cotton during 1895. The effect of opening the bond bids on the New York financial markets was to give everything a better tone. Dispatches received at Madrid from Cuba say that 107 insurgents were killed in the recent fighting there. The Southwest Missouri lead and zinc report shows an increase in sale of the former; a decrease in the latter. The grain market review shows that fluctuation during the last week was due more to manipulation than to natural causes. The Citizens' bank of Connersville, Ind., of which James N. Huston, extreasurer of the United States, is president, has suspended payment. Bank Commissioner Breidenthal has ordered the Valley State bank at Hutchinson, Kan., to close its doors and wired that he would be there to take possession.
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Meantime Mr. Gould was slowly struggling back to consciousness. It was found that his hip was sprained. The injured men were taken to Lakewood as soon as a carriage could be procured. Mr. Gould came to this city this evening. His secretary said he was suffering from a sprain and shock, but expected to be about in a few days. J. G. Fair's Widow. SAN FRANCISCO, April 4.-A sensational story in an evening paper states that Mrs. Nellie Craven, a public school principal, and witness to the late James G. Fair's so-called "penciled" will, has a marriage contract in which the dead millionaire acknowledges her as his wife. It is also said that Mrs. Craven has deeds to several valuable pieces of real property, including some of the most valuable property comprised in the Fair estate. Another of Mrs. Craven's valuable possessions is a check for $100,000, signed by James G. Fair, and made payable to Dr. Levingstone, executor of the pencil will. Across the check is written, Not to be presented until after the probate of the will." Mrs. Craven, it is also stated, has a letter in Fair's handwriting the contents constituting a duplication of the penciled will. The marriage contract is in Mrs. Craven's handwriting. All of these alleged developments threaten prolonged litigation, and the attorneys of the Fair children are trying to effect a compromise which will satisfy all the opposing interests. Some of the attorneys interested in the case pronounce the alleged marriage contract, deeds and checks to be forgeries. Dr. Levingston wants $500,000 for the interest which, as one of the executors of the will, he and some of his friends possess in the estate of James G. Fair. Two of the children of the dead millionaire and some other legatees recognize that the physician has very valuable rights in the matter. but they have thus far offered only $300,000 to compromise. The physician is not inclined to recede from his demand for half a million. Several conferences have been held, but no agreement has been reached. All but one of the interested parties are eager to compromise, and it is believed that within a week there will be mutual concessions and a settlement. Evangelical Conference. WABASH, Ind., April 4.-The conference of the Evangelical Church held at Urbana, this county, was called to order at 8:30 o'clock this morning by Bishop S. C. Breyfogel. After the usual opening services the meeting was addressed by Professor Umbach in the interest of the Northwestern College and Union Bible Institute, at Naperville, III. Rev. T. C. Mechel brought greetings from the Michigan Conference. Rev. W. J. Vigus, of Indianapolis, State agent for the American Bible Society, addressed the conference. This afternoon the report of the statistical committee showed the whole number of members of the conference to be 10,191; number of converts this year, 1,277: amount of missionary money collected, $8,389 amount collected for all purposes, $64,622.20; average per member, $6.34. Rev. C. Wendel was received from the Des Moines Conference, and Rev. T. Finbiner from the Illinois Conference. Rev. A. S. Fisher was re-elected statistical secretary. The conference closed with an address by Rev. J. C. Homberger. Winchester's Woman's Club. the WINCHESTER, Ind.. April 4.-In autumn of 1891 a number of Winchester ladies organized a club which they styled "The Woman's Club. Their first year's work was devoted to the study of American poets, the next three years to the study of American history and literature, while this year has been devoted to miscellaneous literature. In the arrangement of the programme this year the club has aimed to give special prominence to some country or distinguished author at a given meeting, the name of the country or author giving name to the day, this being Scotch day. Among the papers read were the following: "Robert Louis and Fannie Stephenson, 'Memoirs of Fleming Jenkins" and "Kidnaped." Mrs. W. O. Smith was selected as a delegate to the Indiana Union of Literary Clubs, which meets at Connersville June 3, 4 and 5. J. N. Huston's General Assignment. CONNERSVILLE, Ind., April 4.-James M. McIntosh has been named by Hon. James N. Huston as assignee for all his property of whatever description, with the understanding that all creditors will be placed on an equal footing. Mr. Huston is in Denver, Coh. for his health, and the assignment papers were issued there, being received here yesterday for record. Following the failure of the Connersville Citizens' Bank here recently, Mr. Huston filed a mortgage on most of his property, and this assignment was the last resort of Mr. Huston to secure his creditors. The exact amount of Mr. Huston's liabilities are not known, but it is said they are much in excess of his assets. An Old "Liberty Coin." SPENCER, Ind., April 4.-Edward Spear, of this county, picked up a peculiar coin this week, which his father exhibited in town to-day. It is about the thickness of a twocent piece, a little larger, just fitting inside the milled rim of a fifty-cent piece. It resembles the two-cent piece on one side. The words United States of America' appear, circling inside the rim. A wreath incloses the inscription, "Liberty, 1838." On the center of the reverse side is the form of a semi-nude negress, kneeling in shackles, her hands raised and her face looking upward. Encircling the figure are the words, Am I not a woman and a sister?" and the year, "1838. Mr. Spear desires to know the origin of the piece. A Murderer's Graveyard. MOLINE. III., April 4.-All day men have been digging over Henry Bastian's farmyard, near Milan, after further links in the chain of evidence against Bastian, the suicide and supposed murderer of Fred Kuschmann. Since the finding of John Lauderbach's remains another skull has been found, also an old tin basin containing coagulated blood and human hair, believed to be from a third victim. It is now believed that Bastian's farm will be found a murderer's graveyard. Carrie Bastian, a sister gave conflicting testimony at the inquest of the bodies of Fred Kuschmann and John Lauderbach. Excitement runs high in the county over the discoveries. Tuberculosis in Cattle. a PITTSBURG, April 4.-As a result of test made at Economy Pittsburg will probably require all dairymen to furnish clean bills for all cows used in their business. Trustee Dus recently decided before selling a herd of blooded cows to a dairy company to have the herd tested with tuberculin for tuberculosis. The result showed that 5 per cent. of the cows were diseased. This alarming condition in a place supposedly pure has stirred up the Ohio valley and Sewickly Boards of Health, and on Monday they will require all dairymen to furnish bills of health for all their cattle. Steps have been taken in Pittsburg looking to the same end.