9246. Ingham Savings Bank (Lansing, MI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
August 7, 1896
Location
Lansing, Michigan (42.733, -84.556)

Metadata

Model
gpt-5-mini
Short Digest
5efca8bf

Response Measures

None

Description

Newspapers from August 1896 report the Ingham County Savings Bank did not open / suspended on the Friday before 8/8/1896. No article describes a depositor run; subsequently (July 1897) a receiver (Receiver May) is active and seeking assessments on stockholders, indicating the bank remained closed and in receivership. I corrected bank name to 'Ingham County Savings Bank' as most articles use that form.

Events (3)
1. August 7, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failed to open/suspended operations due to insolvency or financial trouble; assets and deposits listed, later placed in receivership.
Newspaper Excerpt
The Ingham County Savings Bank, at Lansing, Mich., did not open its doors for business yesterday; its assets are $285,000, and deposits $144,000.
Source
newspapers
2. July 2, 1897 Receivership
Newspaper Excerpt
Receiver May, of the Ingham County savings bank, has been empowered by the circuit court to levy an assessment upon the stockholders of the bank for the benefit of depositors.
Source
newspapers
3. July 23, 1897 Other
Newspaper Excerpt
Receiver May... has asked the court for permission to assess stockholders of the bank 65 per cent. of their holdings for the benefit of the depositors.
Source
newspapers

Newspaper Articles (8)
1. August 8, 1896 The News & Observer Raleigh, NC
Article from The News & Observer, August 8, 1896

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Article Text

FINANCIAL. The big textile mills of Rhodes Bros., at Llewelling, Pa., which were shut down last Saturday, were placed in the hands of a receiver yesterday. The cotton market was again wild and panicky, being influenced by Strong cables and bad crop reports; the close was at a net loss of 25 to 32 points. The grain and provision markets were injuriously affected by the badly demoralized stock market in New York; provisions showed material declines. In nearly all lines general trade is unchanged, in some departments lifeless, the hot weather and bad crop reports having had an unfavorable influence. The stock market was unusually active and displayed great weakness; liquidation was the order and the declines were exceptionally heavy. The Ingham County Savings Bank, at Lansing, Mich., did not open its doors for business yesterday; its assets are $285,000, and deposits $144,000.

2. August 11, 1896 The Progressive Farmer Raleigh, Winston-Salem, Winston, NC
Article from The Progressive Farmer, August 11, 1896

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Article Text

THEY WANTED "SOUND MONEY." Dreyfus, Kohn & Co., New York, the largest siik importers in this country, have just failed because the 400, 000 sound dollars they couldn't get were lacking to pay their debts. A. G. Elliott & Co., paper manufacturers, Philadelphia, Pa., have as signed. The Columbus Buggy Co., Columbus, Ohio, has failed. Liabilities $900,OCO (sound.) The Emmerson, Fisher Carriage Co., Cincinnati, Ohio, has failed. Liabilities about $370,000 (sound.) The Garden City Foundry Co, CII. cago, Ill, has assigned. Liabilities $20,000 (sound ) A half dozen bank officials at New port, Pa, have been indicted for receiving money on deposit after they knew their bank was insolvent. Moore Bros. Chicago, Ill., owners of the Diamond Match Company, failed last week. The liabilities are $8,000,000, (sound ) The firm were large oper tors on the Stock Exchange in Chicago and the Exchange was closed in consequence of the failure. The American National Bank, New Orleans, has closed on account of dull business via the gold standard. The Johston Steel Works, Loraine, Ohio, closed Thusday. Lack of orders was the cause, and eight hundred met are out of work. The Ingham Savings Bank, Lansing, Mich., failed to open its doors Friday morning. Lack of "sound dollars." C. H. Fargo & Co, wholesale dealers in shoes, Chicago, have failed. Liabilities over $200,000 (sound) Get some new subscribers. Those who want the truth can get it by sub.

3. August 11, 1896 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, August 11, 1896

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Article Text

BRIEF BITS OF NEWS. Groton and Howard, S.D., postoffices have been raised to the presidential class. C. H. Fargo & Co., one of the oldest wholesale boot and shoe firms in Chicago, has assigned. Hon. Thomas H. Clark, speaker of the Alabama house, has severed his connection with the Democratic party. Returns from the Choctaw elections insure the election of Green McCurtain as chief of the nation by a good majority. The American National bank of New Orleans failed to open its doors. The board of directors have decided to go into liquidation. The Ingham County Savings bank of Lansing, Mich., has suspended. The assets of the bank are $285,000, mostly in notes and mortgages, and the deposits $144,000. The charter of a branch from Monterey to Matamoras, granted ten years ago to the Mexican National Railway company has been declared forfeited, no work having been done. Maximilliam Wilkon, ex-cashier of the branch bank of the National Bank of Mexico at Meridia, Yucatan, has been declared guilty of embezzling $160,000, and will receive a heavy sentence. Shot a Brakeman. ELDORA, Ia., Aug. 8.-Two strangers shot D. Oxford, a Chicago and Northwestern brakeman at Radcliffe. They were arrested at Union by Deputy Sheriff Rathborn and gave their names as William Elliott and George Gordon of Wisconsin. In their possession was a fine set of drills and other burglar tools, and it is supposed they were intending a raid upon the Union business houses. The men are now in jail here

4. August 14, 1896 The Columbia Herald Columbia, TN
Article from The Columbia Herald, August 14, 1896

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Article Text

GENERAL NEWS. / The Lake County Bank, of East Chi cago, has failed. The Hon. Thomas B. Reed of Maine, has been nominated for Congress in his district. Fifteen miners lost their lives in a burning mine at Clarke City, Ill., last Saturday. The Ingham County Savings Bank, of Lansing Michigan, closed its doors last Friday. Three Italian murderers were lynched at Hohnville, La., about 10 o'clock last Saturday night. The Hon. Joseph Sibley says that nothing would please him better than to be Mr. Bryan's running mate. The Democrats of "Silver Dick" Bland's district in Missouri nominated him for Congress by acclamation. Fifteen hundred trouser makers in New York, went on a strike last Friday, throwing 300 women out of employment. Five people were instantly killed and two score dangerously injured in a trolley car wreck at Columbia, Pa., last Sunday night. Grover Cleveland says that it is absolutely untruè that he has given any advice touching the course of the Indianapolis gold-bug conference. Miss Clara Parish of Paris, [11., the youngest W. C. T. U. round-the-world

5. August 15, 1896 The Bottineau Courant Bottineau, ND
Article from The Bottineau Courant, August 15, 1896

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Article Text

:-:- TIINE.-:-: eriment or waste your time on poor qualities, but be er the McCormick. Lowest prices guaranteed. R. SLETTEBAK. insure the election of Green McCurtain F THE WEEK'S NEWS as chief of the nation by a good ma. nesday, Aug. 5. jority. locrats will not fuse with The rowboat Fox. from New York, June 6, with the two sailors, Frank: 1 Samuelson and George Harbo, on. distress of the Turkish board, has arrived at Havre. said to be most acute. The Ingham County Savings bank of government has been deLansing, Mich., has suspended. The house of lords in a matter assets of the bank are $285,000, mostly 1 the Irish laborers' bill. in notes and mortgages, and the deposits. ers were killed by an ex$144,000. vansea, Wales. The state insurance commissioner of ific lands in Washington Colorado threatens to cancel the policies re sold at public auction, of companies that have issued a circular by President Winter for saying policies will be reduced in value e $2,000,000. one-half if the Democrats carry the jumped from an Illinois election. noor train running 40

6. July 7, 1897 The True Northerner Paw Paw, MI
Article from The True Northerner, July 7, 1897

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Article Text

May Levy an Assessment. Lansing. July 2.-Receiver May, of the Ingham County savings bank, has been empowered by the circuit court to levy an assessment upon the stockholders of the bank for the benefit of depositors.

7. July 23, 1897 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, July 23, 1897

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Article Text

Wants to Assess Stockholders. Lansing, Mich., July 23.-Receiver May, of the Ingham County Savings bank. has asked the court for permission to assess stockholders of the bank 65 per cent. of their holdings for the benefit of the depositors. Permission will be granted. The receiver says that he will be unable to collect more than $35,000 en assets listed at $154,000.

8. July 28, 1897 The True Northerner Paw Paw, MI
Article from The True Northerner, July 28, 1897

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Article Text

WIII Assess Stockholders. Lansing, July 23.-Receiver May, of the Ingham County Savings bank, has asked the court for permission to assess stockholders of the bank 65 per cent. of their holdings for the benefit of the depositors. Permission will be granted. The receiver says that he will be unable to collect more than $35,000 on assets listed at $154,000.