People's Bank (Canton, IL)

Episode Information

Episode UID
8708009391018
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
870800939 hash
Start Date
October 30, 1884
Location
Canton, Illinois (40.558, -90.035)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
98dbc10d45766e95

Response Measures

None

Description

Multiple contemporaneous reports show a suspension with assets well below liabilities; no reopening or receivership mention in these items.

Events (1)
1. October 30, 1884 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Liabilities (~$100,000) exceeded assets (~$50,000), indicating insolvency leading to suspension.
Newspaper Excerpt
The People's Bank of Canton, Illinois, owned by B.C. Coblitz, suspended to-day. The liabilities are $100,000 and the assets $50,000.
Source
newspapers

Newspaper Articles (10)
1. October 31, 1884 Savannah Morning News Savannah, GA
Article from Savannah Morning News, October 31, 1884

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Article Text

CRASHES IN BUSINESS. A Peoria Bank Goes Under with Only $50,000 with Which to Pay its Debts. NEW YORK, Oct. 0.-The following failures were reported to-day: Henry Lyon & Son, dealers in gentlemen's furnishing goods, have made an assignment. Gauze, Mackay & Co., bankers and general storekeepers, of Lynnville, Ia., have made an assignment. PEORIA, ILL., Oct. 30.-The People's Bank of Canton, Illinois, owned by B.C. Coblitz, suspended to-day. The liabilities are $100,000 and the assets $50,000. PROBABLY FLED TO CANADA. LOUISVILLE, Ky., Oct. 30.-William Eglehoff, of the firm of Eglehoff & Bro., which made an assignment Wednesday for $40,000, has left the city, and is said to have gone to Canada. It is rumored that as Secretary of the Nelson Distilling Company he has swindled creditors by hypothecating warehouse receipts. Eglehoff's brother-in-law, who is the assignee of the firm, says that there is scarcely a doubt that he has gone to Canada. Eglehoff has lost heavily lately on race betting, and while candidate for a county office is said to have spent $20,000. OVERLOADED WITH STOCKS. CLEVELAND, Oct. 30.-Geo. E. Hutchinson, a large owner of stock of gold and silver mines in the Western States and Territories, made an assignment today.

2. October 31, 1884 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, October 31, 1884

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Article Text

ILLINOIS. The People's Bank of Canton Suspends-Liabilities, $100,0000; Assets, $50,000. PEORIA, Oct. 30.-The People's Bank at Canton, Ill., owned by C. D. Coblett, suspended today. Liabilities, $100,000; assets estimated at $50,000.

3. October 31, 1884 The Dallas Daily Herald Dallas, TX
Article from The Dallas Daily Herald, October 31, 1884

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Article Text

Another Broken Bank. PEORIA, ILL, Oct. 30.-The People's bank, nt Canton, Illinois, owned by C. D. Coblitt, suspended to-day. Liabilities, $10,000; assets estimated at $50,000.

4. November 5, 1884 Watertown Republican Watertown, WI
Article from Watertown Republican, November 5, 1884

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Article Text

Financial Embarrassment. Weisz & Moll, dealers in agricultural implements, Sioux City, Ia., have assigned. Liabilities about $25,000; assets $20,000. The United States contributed 231 to the failures for the week ending on the 31st. The People's Bank, at Canton, Ill., suspended on the 29th with liabilities to the amount of $100,000. S. Selig, wholesale milliner, San Francisco, has made an assignment. Liabilities $25,000; assets $20,000. The banking house of H. D. Cooke & Co., Washington, D. C,, has closed its doors. The liabilities are estimated at $170,000, It is believed the embarrassed firm will in time pay its indebtedness in full.

5. November 6, 1884 The Bad Lands Cow Boy Little Missouri, Medora, ND
Article from The Bad Lands Cow Boy, November 6, 1884

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Article Text

Miscellaneous News Notes. Miners have struck a rich vein of iron ore near West Chester, Pa, at a depth of 300 feet. The People's bank of Canton, III., owned by C. D. Coblitt, suspended. Liabilities, $100,000; assets, $50,000. S. Selig, wholesale milliner of San Francisco, assigned. Liabilities, $25,000; assets, $20,DOO. The principal creditors are in New York. George E. Hutchinson, of Cleveland, a large owner of stock of gold and silver mines in Western states and territories, assigned. Liabilities not stated. The failure is attributed to depreciation of shares. A spotted hyena, eloped from a show, is the bugaboo that keeps children at home after dark in Loyalsock township, Lycoming county, Pa. Every well regulated community should import a spotted hyena at once. Johns Hopkins university at Baltimore has opened with 160 graduate students enrolled, and 113 undergraduates, or a total of 273. This is an increase over last year of 18 per cent., and a few more additions may. be expected before December. The number of new students is 132. The South Carolina Presbyterian Synod passed the following resolution: Resolved. That in the judgment of this synod the teaching of evolution at the theological seminary at Columbia, except in a purely expository manner, with no intention of inculcating its truth, is hereby disapproved H. Lyon & Son, dry goods, gents' furnishing goods and notions, of St. Louis, have assigned. Liabilities, $60,000; assets, $50,000. Mr. Lyon, Sr., also assigned his individual property, consisting of real estate valued at $12,000, to Tenbroeck. The debts of the firm are chiefly in Eastern cities. Gov. Robinson recently issued orders directing the release from costody of Mrs. George

6. November 6, 1884 River Falls Journal River Falls, WI
Article from River Falls Journal, November 6, 1884

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Article Text

Miscellaneous News Notes. Miners have struck a rich vein of iron ore near West Chester, Pa, at a depth of 300 feet. At New Orleans, Judge Pardee decides that United States courts have no jurisdition over registration rolls. The People's bank of Canton, Ill., owned by C. D. Coblitt, suspended. Liabilities, $100,000; assets, $50,000. S. Selig, wholesale milliner of San Francisco, assigned. Liabilities, $25,000; assets, $20,000. The principal creditors are in New York. George E. Hutchinson, of Cleveland, a large owner of stock of gold and silver mines in Western states and territories, assigned. Liabilities not stated. The failure is attributed to depreciation of shares. A spotted hyena, eloped from a show, is the bugaboo that keeps children at home after dark in Loyalsock township, Lycoming county, Pa. Every well regulated community should import a spotted hyena at once. Schedules of the assignment of Alfred G. Lnders and Oscar B. Luders, composing the firm of Alfred G. Luders & Co., Commission mei chants, New York, show liabilities, $106,000; nominal assets, $100,000; and actual assets, $2,300. At a composition meeting in the matter of F. Shaw A Bros. of Boston, under an act of the last legislature, nearly $3,000,000 claims were offered for proof, which indicates that the creditors desire composition as offered by the firm. Johns Hopkins university at Baltimore has opened with 160 graduate students enrolled, and 113 undergraduates, or 8 total of 273. This is an increase over last year of 18 per cent., and a few more additions may be expected before December. The number of new students is 182. The South Carolina Presbyterian Synod passed the following resolution: Resolved. That in the judgment of this synod the teaching of evolution at the theological seminary at Columbia, except in a purely expository manner, with no intention of inculcating its truth, is hereby disapproved H. Lyon & Son, dry goods, gents' furnishing goods and notions, of St. Louis, have assigned. Liabilities, $60,000; assets, $50,000. Mr. Lyon, Sr., also assigned his individual property, consisting of real estate valued at $12,000, to Tenbroock. The debts of the firm are chiefly in Eastern cities. Gov. Robinson recently issued orders directing the release from costody of Mrs. George Ann Heustis, in Boston, charged with the larceny of diamonds valued at $20,000 from Terese Lynch of New York. The order of release was made for the reason that Gov. Cleveland revoked his request for her extradition. There was two hundred failures in the United States reported to Bradstreet's during

7. November 6, 1884 The Northern Pacific Farmer Wadena, MN
Article from The Northern Pacific Farmer, November 6, 1884

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Article Text

Miscellaneous News Notes. Miners have struck a rich vein of iron ore near West Chester, Pa., at a depth of 300 feet. At New Orleans, Judge Pardee decides that United States courts have no jurisdition over registration rolls. The People's bank of Canton, III., owned by C. D. Coblitt, suspended. Liabilities, $100,000; assets, $50,000. S. Selig, wholesale milliner of San Francisco, assigned. Liabilities, $25,000; assets, $20,000. The principal creditors are in New York. George E. Hutchinson, of Cleveland, a large owner of stock of gold and silver mines in Western states and territorios, assigned. Liabilities not stated. The failure is attributed to depreciation of shares. A spotted hyena, eloped from a show, is the bugaboo that keeps children at home after dark in Loyalsock township, Lycoming county, Pa. Every well regulated community should import a spotted hyena at once. Schedules of the assignment of Alfred G. Luders and Oscar B. Luders, composing the firm of Alfred G. Luders & Co., Commission merchants, New York, show liabilities, $106,000; nominal assets, $100,000; and actual assets, $2,300. At a composition meeting in the matter of F. Shaw & Bros. of Boston, under an act of the last legislature, nearly $3,000,000 claims were offered for proof, which indicates that the creditors desire composition as offered by the firm. Johns Hopkins university at Baltimore has opened with 160 graduate students enrolled, and 113 undergraduates, or a total of 273. This is an increase over last year of 18 per cent, and a few more additions may be expected before December. The number of new students is 132. The South Carolina Presbyterian Synod passed the following resolution: Resolved. That in the judgment of this synod the teaching of evolution at the theological seminary at Columbia, except in a purely expository manner, with no intention of inculcating its truth, is hereby disapproved. H. Lyon & Son, dry goods, gents' furnishing goods and notions, of St. Louis, have assigned. Liabilities, $60,000; assets, $50,000. Mr. Lyon, Sr., also assigned his individual propertv, consisting of real estate valued at $12,000, to Tenbroeck. The debts of the firm are chiefly in Eastern cities. Gov. Robinson recently issued orders directing the release from costody of Mrs. George Ann Heustis, in Boston, charged with the larceny of diamonds valued at $20,000 from Terese Lynch of New York. The order of release was made for the reason that Gov. Cleveland revoked his request for her extradition. There was two hundred failures in the United States reported to Bradstreet's during

8. November 6, 1884 The Sun Morris, MN
Article from The Sun, November 6, 1884

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Article Text

Miscellaneous News Notes. Miners have struck a rich vein of iron ore near West Chester, Pa., at a depth of 300 feet. At New Orleans, Judge Pardee decides that United States courts have no jurisdition over registration rolls. The People's bank of Canton, III., owned by C. D. Coblitt, suspended. Liabilities, $100,000; assets, $50,000. S. Selig, wholesale milliner of San Francisco, assigned. Liabilities, $25,000; assets, $20,000. The principal creditors are in New York. George E. Hutchineon, of Cleveland, a large owner of stock of gold and silver mines in Western states and territories, assigned. Liabilities not stated. The failure is attributed to depreciation of shares. A spotted hyena, eloped from a show, is the bugaboo that keeps children at home after dark in Loyalsock township, Lycoming county, Pa. Every well regulated community should import a spotted hyena at once. Schedules of the assignment of Alfred G. Luders and Oscar B. Luders, composing the firm of Alfred G. Luders & Co., Commission merchants, New York, show liabilities, $106,000; nominal assots, $100,000; and actual assets, $2,300. At a composition meeting in the matter of F. Shaw & Bros. of Boston, under an act of the last legislature, nearly $3,000,000 claims were offered for proof, which indicates the the creditors desire composition as offered is the firm. Johns Hopkins university at Baltimore La opened with 160 graduate students enrol... and 113 undergraduates, or a total of This is an increase over last year of 18 1-2 cent., and a few more additious may be Cpected before December. The number of ri... students is 132. The South Carolina Presbyterian Ejæle. passed the following resolution: Resolved That in the judgment of this synod the the ng of evolution st the theological seminary st

9. November 7, 1884 Little Falls Transcript Little Falls, MN
Article from Little Falls Transcript, November 7, 1884

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Article Text

Miscellaneous Wews Notes. Miners have struck a rich vein of iron ore near West Chester, Pa., at a depth of 300 feet. The People's bank of Canton, ILL, owned by C. D. Coblitt, suspended. Liabilities, $100,000; assets, $50,000. S. Selig, whelesale milliner of San Francisco, assigned. Liabilities, $25,000; assets, $20,DOO. The principal creditors are in New York. George E. Hutchinson, of Cleveland, a large owner of stock of gold and silver mines in Western states and territories, assigned. Liabilities not stated. The failure is attributed to depreciation of shares. A spotted hyena, eloped from 2 show, is the bugaboo that keeps children at home after dark in Loyalsock township, Lycoming county, Pa. Every well regulated community should impact a spotted hyena at once. Johns Hopkins university at Baltimore has opened with 160 graduate students enrolled, R. d 113 undergraduates, or a total of 273. This is an increase over last year of 18 per cent, and a few more additions may be expected before December. The number of new students is 132. The Searth Carolina Presbyterian Synod passed the following resolution: Resolved. That in the judgment of this synod the teaching of evolution at the theological seminary at Columbia, except in a purely expository manner, with no intention of inculeating its truth, is hereby disapproved. H. Lyon & Son, dry goods, gents furnishing goods and notions, of St. Louis, have assigned Liabilities, $60,000; assets, $50,000. Mr. Lyon, Sr., also assigned his individual propertv, consisting of real estate valued at $12,000, to Teubroeck. The debts of the firm are chiefly in Eastern cities. Gov. Robinson recently issued orders directing the release from costody of Mrs. George

10. November 8, 1884 The Dickinson Press Dickinson, ND
Article from The Dickinson Press, November 8, 1884

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Article Text

Miscellaneous News Notes. Miners have struck a rich vein of iron ore near West Chester, Pa., at a depth of 300 feet. The People's bank of Canton, Ill., owned by C. D. Coblitt, suspended. Liabilities, $100,000; assets, $50,000. S. Selig, wholesale milliner of San Francisco, assigned. Liabilities, $25,000; assets, $20,000. The principal creditors are in New York. George E. Hutchinson, of Cleveland, a large owner of stock of gold and silver mines in Western states and territories, assigned. Liabilities not stated. The failure is attributed to depreciation of shares. A spotted hyena, eloped from a show, is the bugaboo that keeps children at home after dark in Loyalsock township, Lycoming county, Pa. Every well regulated community should import a spotted hyena at once. Johns Hopkins university at Baltimore has opened with 160 graduate students enrolled, and 113 undergraduates, or a total of 273. This is an increase over last year of 18 per cent., and a few more additions may be expected before December. The number of new students is 132. The South Carolina Presbyterian Synod passed the following resolution: Resolved. That in the judgment of this synod the teaching of evolution at the theological seminary at Columbia, except in a purely expository manner, with no intention of inculcating its truth, hereby disapproved. H. Lyon & Son, dry goods, gents' furnishing goods and notions, of St. Louis, have assigned. Liabilities, $60,000; assets, $50,000. Mr. Lyon, Sr., also assigned his individual property, consisting of real estate valued at $12,000, to Tenbroeck. The debts of the firm are chiefly in Eastern cities. Gov. Robinson recently issued orders directing the release from costody of Mrs. George