9272. National Bank (Marshall, MI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1518
Charter Number
1518
Start Date
November 26, 1880
Location
Marshall, Michigan (42.272, -84.963)

Metadata

Model
gpt-5-mini
Short Digest
3821ad7a

Response Measures

None

Description

Articles (June 1891) describe a large shortage/defalcation at the National Bank of Marshall, directors asking for a receiver and the Comptroller appointing a receiver (Theron H. Giddings). Embezzlement by cashier Kirby is cited as the cause and the receiver wound up affairs; later reports discuss dividends to depositors. No contemporaneous article describes a depositor run prior to suspension. There is an earlier (1880) notice about a bank at Marshall surrendering its charter under the title 'National Bank of Michigan' — likely a separate matter or different corporate title; noted below as an 'other' event.

Events (7)

1. August 10, 1865 Chartered
Source
historical_nic
2. May 14, 1880 Voluntary Liquidation
Source
historical_nic
3. November 26, 1880 Other
Newspaper Excerpt
The National Bank of Michigan, located at Marshall, having surrendered its charter, will do no more business under the above title. The heirs of H. J. Perrin found it necessary to close up the affairs of the bank for a speedier settlement of the estate.
Source
newspapers
4. June 21, 1891 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Large shortage/defalcation discovered in the bank's books; directors requested a receiver due to the deficit (reported ~ $100,000).
Newspaper Excerpt
The shortage in the National Bank of Marshall. Mich., will reach $100,000. The directors have asked for a receiver.
Source
newspapers
5. June 23, 1891 Receivership
Newspaper Excerpt
Comptroller of the currency to-day appointed Theron H. Giddings, of Kalamazoo, receiver of the National ... Bank of Marshall, Mich.
Source
newspapers
6. October 16, 1891 Other
Newspaper Excerpt
Receiver Giddings, of the National bank at Marshall, wrecked by the embezzlement of Cashier Kirby, is of the opinion that depositors will be paid in full, ... the total deficit is $113,000, instead of $99,000, as was previously given out.
Source
newspapers
7. May 6, 1912 Other
Newspaper Excerpt
That the depositors of the wrecked National bank will receive about 60 per cent on their claims is the report given out here. A dividend of 30 per cent has been ordered by the comptroller of the currency upon the recommendation of the receiver.
Source
newspapers

Newspaper Articles (5)

Article from The True Northerner, November 26, 1880

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Article Text

MICHIGAN NEWS. THE Calhoun county jail bonds— $17,000-have been floated at 41 per cent. MENOMINEE wants a first-class hotel building. One costing $20,000 will answer. FLINN, a cooper of Orion, has made 25,000 apple barrels and contracted for their delivery to farmers. THE total number of books, pamphlets and maps on the shelves of the State Library at Lansing is 34,022. A TELEPHONIC connection is to be established between Jackson and Michigan Center, a distance of four miles. A MARQUETTE bee farmer sold eight tons of choicest white honey in the comb in the Detroit market this season. W. A. JACOBS, a former Battle Creek boy, has been elected to the State Senate of Missouri from the Fifth district. THE fisheries on Bois Blanc island are yielding handsomely this season, the catch averaging over 500 a night lately. THE population of Lenawee county is 48,369. The vote polled was 12,276, or a little more than one in four of the population. HARDWOOD" SMITH, of Flint, expects to make 40,000 cords of wood into charcoal and get out $100,000 worth of oak timber this winter. CALHOUN county has been compelled to pay the full salary of its Judge of Probate, which the Board of Supervisors attempted to reduce. IT is calculated that the season's operations of the Tittabawassee Boom Company will reach, if not exceed, 600,000,000 feet. THE apple crop in Lenawee county, which was SO large that no home market could be found, bids fair to be almost a complete loss, as the fruit is rotting. MRS. LUCY DAY, a resident of Hudson for forty-six years, died last week at the advanced age of 98 years. For thirty-five years she has been a member of the Congregational Church. A CORN-CRIB belonging to William Conley, of Marshall, and containing over 500 bushels of corn, gave way and crushed six hogs to death which were under it. KALAMAZOO, with a population of 12,000, flourishes under a village charter, and is not ambitious to become a city. It is one of the least-governed and bestgoverned communities in America. Gov. CROSWELL has been called upon within the last year to appoint four Circuit Judges to fill vacancies caused by resignation, and each appointment was confirmed by the people at the recent election. A SAGINAW mill owner got too near a rapidly revolving shaft, which caught his overcoat and stripped it off, taking a part of his undercoat with it. By a great effort he kept himself off the shaft till it was stopped. THERE is a remarkable and mysterious work, evidently an old fort, in the town of Sylvan, Osceola county. The finder believes from the indications that it must be at least 250 years since the fort was abandoned. THE Peninsular Car Company has assumed the obligations of the Car Manufacturing Company, of Adrian, suspended since 1873, taken possession of the premises, and expect to have 200 hands at work inside of twenty days. THE Sims Hotel, at Orion, recently burned, was the property that figured in the Orion-lottery scheme, for which many tickets were sold last summer, but on which no drawing has yet taken place. THE National Bank of Michigan, located at Marshall, having surrendered its charter, will do no more business under the above title. The heirs of H. J. Perrin found it necessary to close up the affairs of the bank for a speedier settlement of the estate. While living H. J. Perrin was the heavy man of the institution. THE constitutional amendment voted on this fall was to empower the Legislature to pass an act authorizing Detroit to tax itself for a bridge or tunnel across the Detroit river. It was opposed by the best citizens of that city, and received little support where its purpose was known through the State. The vote of Detroit was: For, 2,056; against, 8,491. OUR attention has been called to a doe


Article from St. Paul Daily Globe, June 21, 1891

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IN FEW WORDS. Secretary Blaine's health is said to be improving right along. The next Methodist quadrennial will be held in Omaha in 1892. The Washington Critic plant will be sold at auction Monday, June 29. Three girls were found in their room in New York suffocated by gas. The Parnell envoys addressed a mass meeting in Music hall, Chicago, last night. Sherman Brooks, a negro, was hanged at Louisville, Ga., yesterday for murder. The Kansas millers have adopted resolutions favoring reciprocity with Mexico. Herr Most was yesterday taken to the penitentiary to serve his sentence of one year. Myriads of hop lice threaten to destroy the the hop crop in the Puyallup valley, Washington. The steamers La Bourgogne and Saale took $2,500,000 gold for Paris and London yesterday. The next grand division of railway telegraphers will be held at Chattanooga, Tenn., in June, 1892. Antoine Granada was hanged at Solomonville, Ariz., yesterday for the murder of his wife and child. At Lewisport, Ky., the Methodist church was blown down by a storm and a colored man killed in the wreck. The books of the Keystone bank do not show what has become of the million dollars Bardsley deposited there. The shortage in the National Bank of Marshall. Mich., will reach $100,000. The directors have asked for a receiver. The English court of appeals yesterday refused to grant a new trial to Gladys Evelyn in her suit against W. H. Hulbert. It is said that Sir John E. Gorst. political secretary of the Indian office, has tendered his resignation to Lord Satisbury. President Barrilas and his cabinet officers deny the rumored scheme for the annexation of Guatemala to the United States. Kentucky and Ohio were visited by severe and in some cases destructive rain and electrical storms yesterday and last night. Capt. Verney, since his imprisonment, has contributed £100 for the relief of Nellie Baskett, whom he sought to debauch. comThe G. plant H. Thonusen in St. Louis Manufacturing pany's was damaged $500.000 worth yesterday by fire. Fully insured. of American BerThe this number students in lin summer is stated to be very large. Young women are a large part of the total. "Gentleman James" Holden and a horseman named Palmer were landed in jailat Erie, Pa., yesterday for "shoving" counterfeit money. The accident on the Illinois Central, near New Orleans, Friday night. was caused by an open switch. Four people were killed and six injured. The national executive silver committee has issued an address to the public, touching the relative value of gold and silver in trade relations. Another embezzlement of $224,000 of state funds by Treasurer Bardsley has been discovered, making a grand total of $669,000 stolen from the state by the faithless official. Vienna printers are seeking to inaugurate a grand international strike for eight hours in the autumn. American and Australian craftsmen will be invited to join in the movement. Joe Delaney, of Cincinnati, went with a loaded revolver in search of a man who had traduced his sister. He mistook his man, and fatally shot a railroad man named Daniel Monahan. Delaney escaped.


Article from The Roanoke Times, June 24, 1891

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Article Text

A Receiver for a Bank. WASHINGTON, June 23.-[Special]comptroller of the currency to-day ointed Theron H. Giddings, of amazoo. receiver of the National y Bank of Marshal, Mich.


Article from Alma Record, October 16, 1891

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PENINSULAR ALMA. INTERESTING HAPPENINGS AND DOINGS OF THE WEEK. Latest from the Marshall Bank Defalcation.--A Battle Creek Baptist Deacon Under Serious Charges. A Mystery About the Steal. Receiver Giddings, of the National bank at Marshall, wrecked by the embezzlement of Cashier Kirby, is of the opinion that depos tors will be paid in full, and if this is se the stockholders must face the music, for the total deficit is $113,000, instead of $99,000, as was previously given out. It is generally conceded that no dividend to depositors will be paid before the last of the present month or first of November. This, however, is mere conjecture. As to the defaulter, Kirby, it is generally conceded at Marshall that he is not wanted, and some persons are so uncharitable as to publicly assert that if Kirby should be brought back again disclosures damaging to others would result, as it is an unexplained mystery how one person, and that person the assistant cash er, should succeed in getting away with the entire capital of the corporation and $13,000 additional, without any of the other bank officials being aware of it.


Article from The Detroit Times, May 7, 1912

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MARSHALL Mich., May 6.-That the depositors of the wrecked National bank will receive about 60 per cent on their claims is the report given out here. It was feared at first that depositors would not receive a cent. A dividend of 30 per cent has been ordered by the comptroller of the currency upon the recommendation of the receiver.