Exchange Bank (Climax, MI)

Episode Information

Episode UID
8888193491126
Episode Type
Suspension โ†’ Closure
Bank Type
private
Bank ID
888819349 hash
Start Date
October 23, 1893
Location
Climax, Michigan (42.238, -85.335)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
dbfb99f49287bce0

Response Measures

None

Description

Some reports describe it as 'going out of business' and also 'depositors will be paid in full'; final disposition not fully documented here.

Events (1)

1. October 23, 1893 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank posted notices that depositors would be paid in full and an account says the bank 'decided to go out of business' and asked depositors to call and take away their cash.
Newspaper Excerpt
The Exchange Bank, of Climax, Mich., suspended payment this morning, and posted notices that depositors would be paid in full.
Source
newspapers

Newspaper Articles (7)

Article from The Indianapolis Journal, October 24, 1893

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Article Text

Other Business Troubles. CHICAGO, Oct. 23.-The Hotel Everett, on Fifty-sixth street, has been added to the list of unfortunate world's fair hotels, a receiver having been to-day appointed on a petition said to represent creditors to the extent of $60,000. CLIMAX, Mich., Oct. 23.-The Exchange Bank, of Climax, Mich., suspended payment this morning, and posted notices that depositors would be paid in full. NEW YORK, Oct. 23.-George Myers & Co., carriage manufacturers, assigned today. Liabilities, $100,000; assets unknown.


Article from Weekly Expositor, October 27, 1893

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Article Text

MICHIGAN STATE ITEMS. Carsonville churches are without preacher of any kind. George Taylor, of Flint, must spen 90 days in jail for stealing walnuts. A. M. Clark, of Lexington, assume his new duties as consul at Sarnia o the first of November. The Ingham County Saving Ban has resumed business after havin been closed five months. A Nestoria man could not wait fo the open season for deer to arrive, sho one, and has been fined $50 and costs At a special election at Jackson th proposition to bond the city for $20,00 to further improve the water syster was carried. Judge Swan appointed Don. M. Dick inson as receiver of the Detroit, Ba City & Alpena Railroad company, an fixed his bond at $50,000. The Fostoria Buggy company, o Jackson, has placed a chattel mort gage to secure creditors of the concer to the amount of $60,000. J: Soht. a farmer from Bridgeport blew out the gas in his room at th Sherman house, Saginaw, and wa nearly dead when discovered in th morning. Albert Sink and John Weigand brothers-in-law, quarrelled with pitchfork and revolver near Dearborn As a result Sink has a bullet wound i the thigh. Mrs. William Smade, of Albion, use kerosene oil to start a fire and wa very seriously injured in the explosio which followed. She was badly burne about the head and arms. Miss Edith Oldfield, of Saginaw thought an article in a Detroit sensa tional Sunday paper reflected on he and she took laudanum with suicida intent. She will not die. John Thurmel, aged sixty-three, o Bay City, cut his throat with a razor He is still alive, but will die. He i sorry he did thedeed, and says he mus have been out of his mind. M. H. Myers, of Bear Lake, becam angry at a charivari that was give him after his marriage and shot int the crowd, seriously injuring Edga Kingscott, a reputable young farmer The Exchange Bank at Climax ha decided to go out of business, an posted a notice to depositors to ca and take away their cash. The ban is perfectly solvent, and everybod will be paid in full. Wm. A. Bassett, a prominent bus ness man of Plymouth, while at wor trimming peach trees in his garder suddenly dropped dead from a sup posed stroke of apoplexy. Mr. Basset was 68 years of age. The sale of Adrian's electric bel railroad to S. D. Nesmith. as agent o the Thompson-Houston syndicate. ha been perfected and the cash turne over. The electric line is a sure go t Tecumseh and Ypsilanti. E. Carl Bank, formerly assistan superintendent of the Industrial Hom for Boys at Lansing has gone to Cali fornia, where he will be superintenden of a similar institution which is abou to be established in that state. Harry O. Wills, the adopted son o Evangelist Wills, has been arrested a Holly on a charge of stealing 8425 from George Johnson, a farmer living nea there. Wills is said to have confesse and given up $350 of the money. It was foggy and neither was run ning very rapidly, but there was head-end collision at Clare that demor alized two locomotives of the Flint Pere Marquette. Supt. Potter was o one of them, but was not injured. A disastrous fire broke out in th business portion of Morenci and befor it could be got under control fou storesand one dwelling were destroyed The loss will probably amount t $7,000; irsured for $3,500. Incendiary Miss Cora Williams committed suicid at Kalamazoo by taking morphine She had cared for her brother's boy fo nearly 15 years. The boy's father tool him away a few weeks ago. This made her despondent and caused her to tak her life. A man giving his name as Nugen was arrested while burglarizing th Bad Axe station for robbing the rai road stations at Applegate, Downin and Minden. Articles taken from th stations were found on his person. H is 60 years of age. Phineas Stewart, a Livingston count centenarian, has returned from his ai nual outing of camping and fishing He was 100 years old on the 8th in stant, has followed five wives and a his children to their graves. His camp ing companions were his grandchi dren. Railroad Commissioner Billings, Mil


Article from The Irish Standard, October 28, 1893

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Article Text

A Michigan Bank Suspends. LANSING, Mich., Oct. 24,-The Ex. change, bank of Climax, Mich., suspended payment Monday morning and posted notices the t depositors would be paid in full.


Article from The Sun, November 2, 1893

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Article Text

IN GENERAL. Immigrant business causes trouble among Western railroads. Illinois authorities will attempt to overthrow the school furniture trust. There are 3,000 unemployed people in Dayton, Ohio, The Soo withdraws it $50 Portland rate. Unpaid employes of the Santa Fe system threaten to strike for back pay. Work has been resumed at the Dexter mine, near Ishpeming, Mich., after three months of idleness. Mills at New Bedford, Mass., Bellows Falls, Vt,, and Raymond, N. H., started up, While awaiting a decree of divorce against his wife, William Jacks dropped dead in court at St. Louis. George Meyer, the New York carriage manufacturer whose firm has failed, has disappeared, At Georgetown, Ky., Officer G. C. James was killed by Lloyd Cole, who was himself fatally wounded, Horace Hill, arrested for the murder of Anna Wiese at Marshaltown, Iowa, was discharged from custody. Mrs, George Burbank was divorced at Tacoma, Wash, and was married three minutes later, Frederick Morris, a harness manufacturer of Bath, N. ยฅ., has failed for over $65,000, Big Bear and 200 braves have seized the abandoned Fort Russell military reserve in Montana, claiming it reverts to the tribe. A San Francisco company has contracted with Chinese brokers for 30,000 coolies, who will be sent to Central and South America. The estate of Miss Jane Holmes of Allegheny, Pa., estimated at $1,500,000, has been left to ten charitable institutions. A city council investigating committee severely arraigned officials of the South Boston house of correction for abuse of the prisoners. The Horton company, manufacturers of carriages at Cincinnati, Ohio, has assigned. Assets, $30,000; liabilities, $23,000. The Exchange Bank of Climax, Mich., has suspended payment and posted notices that depositors would be paid in full. The male students at Wesleyan university, Middletown, Conn,, have formed a secret society to boycott young women students. Judge Dallas, in the United States circuit court at Philadelphia, granted an injunction to the American Bell Telephone company restraining Rolls Stier, of Bedford, Pa., from manufacturing, using and selling telephones alleged to contain infringements on the company's patents.


Article from Reporter and Farmer, November 2, 1893

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Article Text

IN GENERAL Immigrant business causes trouble among Western railroads. There are 3,000 nemployed people in Dayton, Ohio. The Soo withdraws it $50 Portland rate. Unpaid employes of the Santa Fe system threaten to strike for back pay. Wek has been resumed at the Dexter mine, near Ishpeming, Mich., after three months of idleness. Mills at New Bedford, Mass., Bellows Falls, Vt., and Raymond, N. H., started up. While awaiting a decree of divorce against his wife, William Jacks dropped dead in court at St. Louis. George Meyer, the New York carriage manufacturer whose firm has failed, has disappeared. At Georgetown, Ky., Officer G. C. James was killed by Lloyd Cole, who was himself fatally wounded. Horace Hill, arrested for the murder of Anna Wiese at Marshaltown, Iowa, was discharged from custody. Mrs. George Burbank was divorced at Tacoma, Wash., and was married three minutes later. Frederick Morris, a harness manufacturer of Bath, N. Y., has failed for over $65,000. Big Bear and 200 braves have seized the abandoned Fort Russell military reserve in Montana, claiming it reverts to the tribe. The Exchange Bank of Climax, Mich.) has suspended payment and posted notices that depositors would be paid in full. The male students at Wesleyan university, Middletown, Conn., have formed a secret society to boycott young Women students. Judge Dallas, in the United States circuit court at Philadelphia, granted an injunction to the American Bell Telephone company restraining Rolls Stier, of Bedford. Pa., from manufacturing, using and selling telephones alleged to contain infringements on the company's patents,


Article from Grant County Herald, November 2, 1893

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Article Text

A Michigan Bank Suspends. LANSING, Mich., Oct. 34,-The Exchange bank of Climax, Mich., suspended payment Monday morning and posted notices that depositors would be paid in full.


Article from The Bottineau Pioneer, November 11, 1893

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1892. FOREIGN NEWS. King Humbert of Italy has given $5,000 to the British Society for Sailors. Italy is said to be seeking a pretext for quarreling with France, with a view to a general European war. A banquet was given by the Parisian press in honor of the visiting Russians. Covers were laid for 5,660 guests. Having refused to evacuate their intrenchments, the Moors at Melilli were attacked by the Spaniards and defeated. A mimic battle between British marines and sailors at Halifax, N. S., was witnessed by 10,000 persons. Judge Boyd of Dublin has refused to grant the petition of Michael Davitt, who applied for his discharge in bankruptcy. The ultia-Conservatives and the antiSemites have united under the name of the United Parties faithful to the empire in Berlin, and have decided to favor the same cardidates in the Prussian elections. Five hundred anti-home rule delegates attend the Ulster parliament in Belfast. Among the passengers on the steamer Umatilla, arrived at San Francisco, were seventeen miners who return from the Yukon river, Alaska, with gold dust in their possession valued at $70,000 as a result of one year's work. In the reichsrath at Vienna Count von Taafe, president of the council of ministers, in a long speech moved the first reading of the franchise bill, thus setting at rest all rumors to the effect that this important measure would be withdrawn. Tin and declares in order Inthe Prince Antoine d'Orleans Eulalia have been staying the Savoy Hotel at London since Oct. 18. The Spunish princess will remain several days longer in London. She does not attract much attention. She has been visited at the hotel by several Spanish notabilities and dined yesterday evening at the Spanish embassy. The Prince of Wales has called upon her. A Buenos Ayres special says: The foreign colonists in- Santa Fe charge the foreign consuls with a lack of interest and activity in the protection of their interests. Several meetings have been called in order to protest against the conduct of the consuls. Agents of the Brazilian revolutionary party at Buenos Ayres have gone to Rosario to intercept the Brazilian gunboat Bahia, which is descending from Paraguay, in the hope of winning it over to the insurgent cause. IN GENERAL Immigrant business causes trouble. among Western railroads. Illinois authorities will attempt to overthrow the school furniture trust. There are 3,000 nemployed people in Dayton, Ohio. The Soo withdraws it $50 Portland rate. Unpaid employes of the Santa Fe system threaten to strike for back pay. Work has been resumed at the Dexter mine, near Ishpeming, Mich., after three months of idleness. Mills at New Bedford, Mass., Bellows Falls, Vt., and Raymond, N. H., started up, While awaiting a decree of divorce against his wife, William Jacks dropped dead in court at St. Louis. George Meyer, the New York carriage manufacturer whose firm has failed, has disappeared. At Georgetown, Ky., Officer G. C. James was killed by Lloyd Cole, who was himself fatally wounded, Horace Hill, arrested for the murder of Anna Wiese at Marshaltown, Iowa, was discharged from custody. Mrs. George Burbank was divorced at Tacoma, Wash.; and was married three minutes later. Frederick Morris, a harness manufacturer of Bath, N. Y., has failed for over $65,000. Big Bear and 200 braves have seized the abandoned Fort Russell military reserve in Montana, claiming it reverts to the tribe. A San Francisco company has contracted with Chinese brokers for 30,000 coolies, who will be sent to Central and South America. The estate of Miss Jane Holmes of Allegheny, Pa., estimated at $1,500,000, has been left to ten charitable institutions. A city council investigating committee severely arraigned officials of the South Boston house of correction for abuse of the prisoners. The Horton company, manufacturers of carriages at Cincinnati, Ohio, has assigned. Assets, $30,000; liabilities, $23,000, The Exchange Bank of Climax, Mich., has suspended payment and posted notices that depositors would be paid in full. The male students at Wesleyan university, Middletown, Conn., have formed a secret society to boycott young women students. Judge Dallas, in the United States circuit court at Philadelphia, granted an injunction to the American Bell Telephone company restraining Rolls Stier, of Bedford, Pa., from manufacturing,