9239. Central Michigan Savings Bank (Lansing, MI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
October 1, 1897
Location
Lansing, Michigan (42.733, -84.556)

Metadata

Model
gpt-5-mini
Short Digest
3dcb6d2d

Response Measures

None

Description

All articles refer to the bank being in receivership under 'Receiver Stone' and paying dividends (55% paid, expects 75%). No run or reopening is mentioned; the bank is in receivership (closed) and being wound up — classified as a suspension leading to closure/receivership.

Events (1)

1. October 1, 1897 Receivership
Newspaper Excerpt
Receiver Stone of the Central Michigan Savings bank at Lansing, who has already paid dividends aggregating 55 per cent., expects to pay 75 per cent. in all.
Source
newspapers

Newspaper Articles (3)

Article from The Copper Country Evening News, October 1, 1897

Click image to open full size in new tab

Article Text

# THE NEWS IN BRIEF. A fierce fire raged in the fields six miles west of Beloit, Wis., and 100 men worked all night to subdue the flames. Over 100 acres were burned over. John Beecker, who killed his wife and five children, and wounded a sixth child at Carroll, Ia., died without recovering consciousness. A fire consumed a row of livery barns at Nappanee, Ind. Lady Z. (2:19½) was fatally burned. Mrs. Emil Michaux of Anderson, Ind., got a 20,000 franc draft from France in settlement of an estate. She did not know she was heir to any estate. Charles Nocks, a barber, drank a pint of toilet water containing alcohol and died in an hour at Akron, O. The baby of Mrs. Louis Heythaler of St. Clair, Mich., was burned to death and Mrs. Heythaler was also so badly burned that she is expected to die. A large elevator and flour mills at New Ross, Ind., were destroyed by fire. The loss is $10,000. Receiver Stone of the Central Michigan Savings bank at Lansing, who has already paid dividends aggregating 55 per cent., expects to pay 75 per cent. in all. The strike at the American plate glass factory at Elwood, Ind., has been settled. The date of meeting of the National Prison association, which had been fixed for October, in Austin, Tex., has been changed to Dec. 2 to 6, inclusive. Mrs. Joseph Ross of Cedar Rapids, Ia., was burned to death in her bed. A lamp in her room exploded. Murray & Watt, dry goods, at Akron, O.. have assigned. Assets, $75,000; liabilities, $90,000.


Article from The True Northerner, October 6, 1897

Click image to open full size in new tab

Article Text

State Notes. About five miles from Bessemer, Mich., what is believed to be a valuable deposit of white mica, has been discovered. At Whiteside, a small hamlet twelve miles east of Manistique, Mich., Victor Anderson shot and killed his aged mother and himself. The ninth annual convention of the United States Brewmasters' League is in session at the Hotel Cadillac, Detroit. Michigan's state tax for 1897, as apportioned, aggregates $2,379,907. This is 2.153 mills on an equalized valuation of $1,105,100,000. Hon. Peter Pasco, ex-state senator, present judge of probate court, died at his home in Marquette, Mich., last night, 66 years of age. Samuel Tompkins of Wohelee, Mich., was killed by a falling tree. His son was badly injured. Food Commissioner Grosvenor at Detroit has sworn out warrants for persons selling colored butterine. The list includes many prominent dealers and manufacturers' agents. It has been definitely ascertained that Governor Pingree, of Michigan, sailed for Venezuela Sept. 15, and will get back Oct. 8. The baby of Mrs. Louis Heythaler of St. Clair, Mich., was burned to death and Mrs. Heythaler was also so badly burned that she is expected to die. Receiver Stone of the Central Michigan Savings bank at Lansing, who has already paid dividends aggregating 55 per cent., expects to pay 75 per cent. in all. Five citizens of Niles, Mich., are under arrest for suspending a boy by a rope passed under his arms while they applied "cow itch" to his neck and back. The boy makes the complaint and the accused men deny it. Byron Lafler, a well-to-do and prominent farmer of Petersburg, Mich., was instantly killed by a train.


Article from Crawford Avalanche, October 14, 1897

Click image to open full size in new tab

Article Text

Minor State Matters. May Decker of Bay City took an overdose of morphine. Prompt work by physicians saved her life. The saw mill of Welch & Ford, at Bay City, which has been idle for a year, will resume operations at once. A stock company has been organized at Marcellus for the purpose of operating a creamery. It will be opened this fall. The citizens of Mason County will vote this fall on the county road system provided for by the Legislature several years ago. About sixty families in the vicinity of Bad Axe are preparing to stake out homes in the Canadian Northwest next spring. Ten young men and young women, graduates of the Schoolcraft high school, will attend the University of Michigan this year. At St. Clair, the baby of Mrs. Louis Heythaler was burned to death and Mrs. Heythaler was also so badly burned that she is expected to die. The 3-year-old child of George Halterman fell into a boiler of boiling water and was terribly burned at Shepherd. Its recovery is doubtful. The farmers of Alcona County have long wanted a cheese factory. They will have it at last, as one is to be opened at Mikado in a short time. Charles E. Siple, ex-postmaster of Hamilton, was removed from office and disappeared. A postoffice inspector is investigating his accounts. S. R. Curry of Lansing, in order to prove that Michigan has had an unusual season, produces ripe strawberries, the second crop from his vines. At Shepherd, Rollen Kinter was injured by being run away with while operating a corn cutting machine. He was seriously cut about the feet and legs. Receiver Stone of the Central Michigan Savings Bank at Lansing, who has already paid dividends aggregating 55 per cent, expects to pay 75 per cent in all. Food Commissioner Grosvenor has sworn out warrants for persons selling colored butterine at Detroit. The list includes many prominent dealers and manufacturers' agents. The steamer John Rugee, ashore on Bois Blanc island, was released by the wrecker Favorite after lightering 200 tons of coal. The coal was reloaded and the steamer proceeded on her way but little damaged. At Birmingham, the home of J. F. Sparling, the Detroit merchant, was entered by burglars. The thieves secured about $3 in cash, and were then frightened away. They gained an entrance through a screen door. The total earnings in Michigan of railroads for July were $2,423,412. or $168,891 less than for July, 1896. The aggregate earnings to Aug. 1 were $15,281,871. This is $1,339,970, or 8.06 per cent, less than for the same period last year. While Stephen Larsen, Alpena, was driving across the farm of Mrs. Gilbert, in Alpena township, the woman shot him through the arm. She has been pestered by persons stealing her fruit, and she thought Larsen and a companion were trespassers. Alpena schools are closed because of the epidemic of diphtheria in that city. The disease is now decreasing, but the schools will remain closed until it is completely stamped out. William Davis, who has lived alone in the woods of Kingston for years, was adjudged insane by the probate judge of Tuscola County and Sheriff Lennox took him to Pontine. The residence of Frank Carver, a farmer of Emmet township, during the absence of the family was robbed of clothing, jewelry, bedding, silverware and other articles amounting to $100.