East Saginaw National Bank - East Saginaw, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3123
Charter Number: 3123
Start Date: July 3, 1891
Location: East Saginaw, Michigan (43.423, -83.951)

Metadata

Model: gpt-5-mini
Short Digest: ec8ddf81

Response Measures

None

Description

Article from 1891 reports the East Saginaw National Bank 'decided to go into liquidation' (directors split) — voluntary liquidation. Later newspaper items (Dec 11, 1896) report the Comptroller appointed a receiver, indicating the bank remained closed and entered receivership. No article describes a depositor run; sequence is suspension/voluntary liquidation leading to eventual receivership/closure.

Events (4)

1. February 13, 1884 Chartered

Source: historical_nic

2. June 23, 1891 Voluntary Liquidation

Source: historical_nic

3. July 3, 1891 Suspension

Cause: Voluntary Liquidation
Cause Details: Directors split/factional row led board to decide to go into liquidation despite solvency; mention some directors favored relocating to Owosso.
Newspaper Excerpt: The East Saginaw National Bank has decided to go into liquidation. The bank is solvent and has $150,000 capital, but the directors are split in a factional row and this was the only means out of it.
Source: newspapers

4. December 11, 1896 Receivership

Newspaper Excerpt: The Comptroller of the Currency has appointed ex-Congressman Thomas A. E. Weadock receiver of the East Saginaw, Michigan, National Bank.
Source: newspapers

Newspaper Articles (3)

1. July 3, 1891 The Times Owosso, MI

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Article Text

and will not open again until Monday morning. Wm. Webb, elected as principal of the Washington street school, declines the position. The June session of the board of supervisors was short and business like, as it should be. Leslie Wood will lead the union meeting at the Y. M. C. A. rooms Sunday evening at 6:15 o'clock. M. L. Parker is burning his third kiln of brick-360,000. He is shipping most all the product of his yard. G. L. Dimmick is gètting the material together to add the third story to his store on Washington street. At Congregational church services, opera house, next Sunday evening, a lecture by the pastor on "John Calvin-the man and his ism." Elmer Knapp met with a painful accident Saturday, cutting three of his fingers on a saw in the Bending Works where he was employed. The Estey Furniture Co. is receiving large orders for the products of the new factory, several car load orders coming from California. Prof. Esserly, the principal engaged for the Owosso schools the coming year, is a graduate of the State Normal school in the classical course. Geo. Fulmer moved the heavy safe of the Shiawassee savings society Monday from the basement to the second story of the bank building. Lucian O. Uuderwood carries the mail every day beginning July 1st to West Haven and Easton for $300. Heretofore the mail was sent over this route but twice a week. A party of teachers start for Toronto from Lansing July 11th to attend the National Teachers Association. It is probable that Shiawassee county teachers will join this party. Clark Drown fell while getting into his wagon on Tuesday, cutting his head so that fourteen stitches were required to sew it up, besides bruising himself badly. Dr. Milligan cared for him. A. M. Wimple, of Perry. died at his home on Thursday, aged 73 years. Mr. W. was one of the pioneers of that township. He was universally esteemed and respected by all who knew him. The "Kirmes" at Owosso July 14, 15 and 16. The grandest spectacular production ever produced to an American public. 175 graceful dancers. Don't fail to see the greatest show on earth. The Wallace Buggy Co., of Cincinnati, o., are to exhibit their manufactures at the Detroit Exposition and have written to Owosso to provide for the same exhibit here at the Shiawassee county agricultural fair. Judge Quincy Smith, brother of Mayor Smith of this city, has resigned the office of Probate Judge of Ingham county, on account of pressing private business, Judge S. being one of the legal leaders in Lansing. Owosso Division No. 45 K. of P. will leave for Detroit 4 a. m. Wednesday July 8, special train. Sir Knight E. A. Gould acts as orderly to call up the Knights. All desiring to accompany the boys will please leave word at the express office. Miss Benfey's selections rendered at the opera house Monday evening were well received. Her talent is great and in the rendition of the pathetic, wondrously sweet. It is to be regretted that a larger audience was not present to listen to her selections. John Doyle, known as "Jack the ripper," who cut open letters while employed as assistant baggage master at Owosso Junction some time since, has had his trial in the U. S. district court at Detroit, was convicted and released on suspended sentence. Tuesday night burglars attempted to enter the home of Mrs. Hattie Young, on North Washington street. Two panes of glass had been removed, when they were discovered and beat a hasty retreat. Several other attempts of burglary have been made recently in this city. "Alta May Ludington, Geo. L. Lusk, married Thursday. June 25, 1891, West Bay City, Mich. At home 208 Chilson Avenue after July 20th." So read an announcement card received Saturday. THE TIMES extends its heartiest congratulations to Mr. and Mrs. Lusk. The East Saginaw National Bank has decided to go into liquidation. The bank is solvent and has $150,000 capital, but the directors are split in a factional row and this was the only means out of it.-Michigan Tradesman. A portion of the directors are in favor of locating in Owosso and have been investigating with that end in view. Ed. Everett, who purloined the pocket book of Mrs. H. C. McGuineas last week, was at one time a deputy sheriff in Clinton county. His associations drifted him downward, although several efforts were made to reform. The larceny of last week marks another lapse in the ways of vagrancy. He waived examination before Justice Baldwin, Wednesday. He admits his guilt but says he does not know what became of the notes, etc. Owosso and west Shiawassee county people will celebrate the 4th of July at different places. The eloquent and patriotic Fr. Doman will draw largely at Morrice. The Arbeiter Verein at Gute's hill is the only organized effort at celebration in the city and will have a large attendance. Laingsburg celebrates in the old fashionnd way, while Elsie is putting forth every effort to eclipse all former celebrations. In Middlebury township a farmers' pienic in Rogers' grove is one of the Independence day's attractions. The new school law is but a slight modification of the present statute. The title of secretary of the county board of school examiners is made to read commissioner of schools. The two members of the board of examiners are now to act as assistants at the examinations and their power over

2. December 11, 1896 The Morning Times Washington, DC

Article from The Morning Times, December 11, 1896

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Article Text

City Brevities Policeman Curry is sitting up and improving rapidly. Mrs. Abbie King of Thirtieth street is risiting friends in Rockville, Md. The asphalt is being repaired on Fourth street, near A street, southeast. Several brilliant meteors were seen to flash across the sky last night. The drill of the High School Regiment yesterday took place at the White Lot. Maple trees have been set out on Massachusetts avenue between Ninth and Tenth. The walks in the park between Second and Third, D and E streets, have been regraded. Pennsylvania avenue, between Twentysixth and Twenty-se enth streets, 18 being repaired. Mr. Levi Marsh, of No. 1516 Thirtyfirst street, has returned from a trip to York, Pa. The reconstructed molding shop at the yard will be ready for occupancy in about a month. Mr. Dudley Berdine, of Laurel, spent last with his cousin, Mr. Artnur Baum. of 500 B street. New water mains are being laid on Georgia avenue southeast, from Thirteenth to Fourteenth streets. The Bon Ton Dancing Club held its weekly dance last night in the Masonic Hall in Georgetown. A bad leak in the water main at the corner of Third and E streets southeast repaired yesterday Workmen were yesterday repairing the tracks of the Pennsylvania Railroad near the navy yard tunnel. Hope Lodge of Masons will give their innual banquet this evening at Freund's, No. 815 Tenth street. The north side of M streetin Georgetown, between Thirty-fourth and Thirty-sixth streets, is being repaved. Mr. W. H. G. Simmons, of No. 715 M treet northwest, IS confined to his bed with a bad case of grip. A large excluation for the repair of a water main has been made in East Capitol street, near First street. The soldiers stationed at the Marine Rarand the navy yard were at practice yesterday at the rifle range. Miss Blanche Cox, the Salvation Army eader, will start for her new post in Worcester, Mass., Sunday evening. The few open-air exhibitsat the east end if the National Museum building have been placed in their usual winter coverings. Col. Clum. of California, lectured to a audience last evening at Carroll InHall on, "The Glories of America." George U. Morris Post. 19, of the G. A. will hold its annual election of officers its headquarters, in Georgetown, next Monday night. A shed has beenerected at the New York ivenue terminus of the Eckington and Soldiers' Home Railway for the shelter of the car horses. Henry Clayton. while bicycling last collided with John Hurst on Q street, near Twenty-ninth. Neither one seriously burt Prof. Egan, of the Catholic University, deliver the next lecture in the Father Matthew course at the university next Thursday afternoon. A lady cyclist collided with a wagon at Second and Massachusetts avenue yesterShe escaped uninjured, although her wheel was wrecked. Rev. Dr. John 0 Foster of Ohio, a deleto the Anti-Saloon League, was run down by a cyclist on F street yesterday and was painfully injured. Mr. Griffin Coleman, of Twenty-ninth was elected one of the directors the Metropolitan Railroad, at the last meeting of the board. The Comptroller of the Currency has appointed x-Congressman Thomas A. E. Weadock receiver of the East Saginaw, Michigan, National Bank. Miss Agnes Stack, of England, the noted temperance worker. will be the guest of Mrs. M. E. Westcoot, No. 918 Twentystreet, while in the city. Val Austin, of 107 Fifth street northeast, collided with an unknown wheelman at Ninth and G streets northwest. yesterday, and badly wrecked his wheel. Mass meetings will be held in the diferent churches in the city on Sunday, December 20, to appeal to the people to abstain from the use of intoxicants durthe holidays. James Freeman, a colored youth, is ocked up at the Second precinct charged with housebreaking. and incidentally, with the larceny of an overcoat from 809 Secstreet northwest. The eable slipped the roller at the corof Seventh street and Pennsylvania avelast night about 11 o'clock. The "hurry-up" was called, and scon everywas running smoothly. A slight blaze in the kitchen of the home Mr. J. W. Williams. No. 50 N street

3. December 17, 1896 Owingsville Outlook Owingsville, KY

Article from Owingsville Outlook, December 17, 1896

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Article Text

Washington, Dec. 11.-The comptroller of the currency appointed ex-Congressman Thomas A. E. Weadock receiver of the East Saginaw (Mich.) national bank.