Article Text
A MICHIGAN BANK'S DEFICIT. Marshall, Mich., June 20.-The shortage in the National City Bank account has been ascertained to be in the neighborhood of $100,000. The directors have voted to ask that a receiver be appointed.
9273. National City Bank (Marshall, MI)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 2023
- Charter Number
- 2023
- Start Date
- June 20, 1891
- Location
- Marshall, Michigan (42.272, -84.963)
Metadata
- Model
- gpt-5-mini
- Short Digest
a375dae8
Response Measures
None
Receivership Details
- Depositor recovery rate
- 100.0%
- Date receivership started
- 1891-06-22
- Date receivership terminated
- 1895-03-31
- OCC cause of failure
- Fraud
- Share of assets assessed as good
- 80.0%
- Share of assets assessed as doubtful
- 19.7%
- Share of assets assessed as worthless
- 0.3%
Description
Articles report discovery of a $100,000 shortage (June 20, 1891), directors asking a receiver, and appointment of Theron P. Giddings as receiver (June 23, 1891). No run or reopening is reported. Classified as a suspension leading to permanent closure/receivership due to bank-specific adverse information (shortage).
Events (4)
1.
July 29, 1872
Chartered
- Source
- historical_nic
2.
June 20, 1891
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Discovery of approximately $100,000 shortage in the bank's accounts; directors voted to ask that a receiver be appointed.
- Newspaper Excerpt
- The shortage in the National City Bank account has been ascertained to be in the neighborhood of $100,000. The directors have voted to ask that a receiver be appointed.
- Source
- newspapers
3.
June 22, 1891
Receivership
- Source
- historical_nic
4.
June 23, 1891
Receivership
- Newspaper Excerpt
- The controller of the currency today appointed Theron P. Giddings of Kalamazoo receiver of the National City Bank of Marshall, Mich.
- Source
- newspapers
Newspaper Articles (10)
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Article Text
A Bank Shortage in Michigan. [By telegraph to the Dispatch.] MARSHALL, MICH., June 20.-The shortage in the National City Bank has been ascertained to be in the neighborhood of $100,000. The directors have voted to ask that a receiver be appointed.
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Reports of cyclones in Missouri, Illinois, Kansas and Kentucky Saturday tell of great damage to crops and buildings. Several lives were lost. A shortage in the National City Bank account at Marshall, Mich. has been found to be $100,000. A receiver will be appointed.
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CONDENSED TELEGRAMS. Smallpox is epidemic at Great Morna, Russia. The coal miners' strike at Foster, Ia., is at an end. Oklahoma is harvesting a mammoth wheat crop. The drought in Quebec province is so bad that Catholic churches will pray for rain. Fanny Danby, a member of the Gaiety Company, was granted a divorce at London yesterday. The Railway Telegraphers, in session at St. Louis, have adjourned to meet in Chattanooga next year. Sherman Brooks was executed in public at Louisville, Ga., Friday for the murder of another negro. Harriet Hosmer, at Rome, has completed the model of the proposed Queen Isabella statue for the World's Fair. The Powhatan Club, of Richmond, has started a movement for separate street cars for white and colored people. The German Hebrew Emigration Committee declines to undertake to send exiles to Palestine instead of America. The shortage in the accounts of the National City Bank at Marshall, Mich., has been found to be $100,000. A receiver is asked for. Several battles have been fought between French troops and Chinese pirates, yet the pests of the Eastern seas are still unsubdued. The Kansas Millers' Association has passed resolutions urging Secretary Blaine to hasten reciprocity negotiations with Mexico. The Mayor of Atlanta has vetood all beer license because most of the sellers have been selling whisky unlawfully. Whisky licenses are untouched. An ascending military balloon burst at a fair in Prague, Bohemia. The officers and crew were severely injured. The and was consumed. rain storm A of heavy balloon ignited Fort caused Scott. the The break- boting two dams at tom land settlements were flooded in consequence, and houses were swept away. The memory of William Maximilian and the two generals, Mexia and Miriamon, who were shot with him, was honored in the City of Mexico yesterday by a grand requiem mass. Coal miners at Spring Valley, III., have been on a strike since May 24 on the screen and other issues, have received an offer from Operator Scott to submit the matter to arbitration. While invesigating the cause of an electric light flickering in Buffalo Friday a night, George proved Kossler grasped be charged hoist- with ing rod. It to electricity and it killed fim.
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: IN THE HANDS OF THE RECEIVER.-The controller of the currency today appointed Theron P. Giddings of Kalamazoo receiver of , the National City Bank of Marshall, Mich. : - -
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AFFAIRS OF CONSEQUENCE. HOME. Secretary Blaine's physician at Bar Harbor says that his patient is steadily improving. Watermelon shipments are now being made from southwest Georgia at the rate of one hundred carloads a day. The treasury department is said to have hurried the departure of Slavin, the pugilist, for Europe by a charge of violating the contract labor law. The lavish expenditures in the census bureau have had the effect of exhausting the appropriation, and a big deficiency is staring Superintendent Porter in the face. The commission appointed by the last general conference of the Methodist Episcopal church has decided to hold the next quadrennial in Omaha during the month of May, 1892. A shortage of $100,000 has been discovered in the accounts of the National City bank of Marshall, Mich. The depositors have voted to ask that a receiver be appointed. Mr. W. S. Parkerson, of New Orleans, the reputed leader of the party who lynched the Italians in that city, has accepted an invitation to deliver a Fourth of July oration in Bloomington, III. The Michigan legislature, besides dividing the electoral vote by providing for the election of presidential electors by congressional districts, has passed a reapportionment bill in the interest of the democratic party. The congressional delegation will consist hereafter, in ordinary years, it is thought, of seven democrats and five republicans. The state one gained portionment. congressman In the fifty-first by the congress late apthe democrats had but two members; in the fifty-second they have eight. FOREIGN. Dispatches have been received in Ottawa, Ont., from Washington, D. C., de h claring that President Harrison and Secretary of State Blaine are quite will$ ing that their communications on the subject of reciprocity be laid before the 1 Dominion Parliament. M. Laboulaye, the French ambassador to Rnssia, asked his government to relieve him of his duties because the Czar : snubbed him for submitting the proposals for an alliance between France and d Russia to the Russian minister of fo reign affairs instead of the Czar. A letter received in Washington from Santiago states that by the intervention of Mr. Patrick Egan, United States minister to Chili, there was promise of a settlement of the war between the govd ernment and the revolutionists. These S good officers were, however, interrupted S by the throwing of bombs by two revog lutionists, whereby the lives of the mine ister of the interior and several other distinguished men of the government were jeoparded.
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Made Receiver of a Bank. WASHINGTON, June 23.-The controller of the currency to-day appointed Theron P. Giddings of Kalamazoo, Mich., as receiver of the National City bank of Marshall, Mich.
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A shortage of $100,000 has been discovered in the accounts of the National City Bank of Marshall, Mich, The depositors have voted to ask that a receiver be appointed.
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BY TELEGRAPH. It is said that Mr. Parneil will visit America this year. The Mithigan senate has killed the bill repealing the local option law. The Arabs in Yeman have again defeated the Turkish troops, and have cut the telegraph lines. It is announced that General Da Fonseca, president of Brazil will shortly pay a visit to Europe. The government inspectors at Chicago have discovered trichine in a number of hogs killed. Swarms of hop lice in the Puyallup valley, near Tacoma. Washington, are destroying the entire hop crop. John L. Sullivan has challenged Slavin to a fight, to take place after SulH van returns from Australia. The wheat harvest in Oklahoma is almost completed. The yield is estimated at not less than twenty-five bushels per acre. The Democrats of Iowa met on the 24th and nominated Governor Boies for re election. They also indorsed him for President Prisoners in a convict camp at Cole City, Georgia, attempted to escape a few days ago. Two guards and two convicts were killed. At meeting of the officers of the New York State Farmer's League the third party movement was unanimously denounced. The Topeka packing house of Donling & Whiting is in the hands of a receiver. The liabilities are $650,000 and sets about the same The shortage in the National City Bank in Marshall, Michigan, is said to be $100,000. A receiver will be appointed to wind up the business Government officials are engaged in expending $7,000 appropriated by congress for the purpose of exploding dynamite in balloons to produce a rainfall. On Tuesday the New York Central made the fastest time on record between New York and Buffalo. The trip was made in eight hours and fifty-six minutes with a passenger train. Senator McDonald of Illinois died at 1:35 Sunday night. He passed away very peacefully, without a struggle, surrounded by his family, who were in attendance at the bedside. Secretary Mohler of the Kansas State Board of Agriculture at Topeka says there is no foundation for the reports The crops of damage to crops in Kansas. are in first-class condition. The new anti pool room law of Missourl has gone into effect and all the pool rooms of St. Louis have closed except one, and that one will be used to test the constitutionality of the new law. A band of armed Kurds are holding an English girl named Katie Greenfield, aged 14 years, who was abducted at the Turkish consulate in Soujobalk, Persia, in defiance of the English consul. Acting Secretary Spalding has directed that three Chinamen, who were arrested at Detroit for entering this country in violation of law, be sent to San Francisco for deportation to China The German-Jewish emigration committee declines to undertake to send n Jewish exiles to Palestine instead of d America, on the ground that to undertake to palliate will not solve the Jewish problem. Wholesale discharge of Illinois Central railroad conductors is taking place at Waterloo, Iowa. Twenty-nine men have been dismissed. Three of them had been on the road more than twenty years. it is the work of "spotters. Natural Gas Inspector E. T. Jordan reports a loss of pressure and volume in the gas wells of Findlay, Ohio. He o predicts that in two years there will be no gas for manufacturing in Findlay, The Indiana gas Held is being exhausted rapit idly. e A Paris paper publishes an interin view with ex-Empress Eugenie in which the ex-empress said she intended to leave Paris in a week, as it had been intimated that her presence might give rise to unpleasant incidents Being questioned regarding the condition of the empire she said: "The empire died with my son. il It is reported that the authorities d have captured Anastasius, the noted robber, who, on May 31, at a place between Constantinople and Adrianople, headed a d band of brigands and after wrecking the Eastern express plundered all the passend gers and then took four of them to the t mountains, where they were held as prisoners until the outlaws had received ransom of $40,000 for the captives. The other day the tower of the new d stone court house at Liberty, Indiana, fell in, crushing out the front of the building and causing a loss of $25,000. It has been discovered that the collapse was due to the explosion of dynamite. Several citizens saw the flash at the time, and two or three men were seen making their escape in the darkness. There has been a bitter feeling against building this new court house, and it is supposed that the feeling expressed itself in dynamite as described A dispatch from Cherokee. Iowa, dated the The horrors of the
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BY TELEGRAPH. The bakers and butchers of Paris are on a strike. It is said that Mr. Parnell will visit America this year. The Michigan senate has killed the bill repealing the local option law. The government inspectors at Chicago have discovered trichina in number of hogs killed. Five people rowing on the Ohio river near Ciacinnati, the other evening were run down and drowned. The wheat harvest in Oklahoma almost completed. The yield is estimated at not less than twenty-five busheis per acre. The Democrats of Iowa met on the 24th and nominated Governor Boies for election. They also indorsed him for President. Prisoners in a convict camp at Cole City, Georgia, attempted to escape a few days ago. Two guards and two convicts were killed. At a meeting of the officers of the New York State Farmer's League the third party movement was unanimously denounced. The total value of exports from the United States, for the year ending May 31, 1891, was $599,894, and the imports were $546,877,032. The Topeka packing house of Donling & Whiting is in the hands of a receiver. The liabilities are $650,000 and assets about the same. The shortage in the National City Bank in Marshall, Michigan, is said to be $100,000. A receiver will be appointed to wind up the business. Italians have made war on other laborers working on the grade of the Great Northern road in Idaho, and there is danger of bloodshed. Government officials are engaged in expending $7,000 appropriated by congress for the purpose of exploding dynamite in balloons to produce a rainfall. The German East Africa Company have decided to build a railway from Tanga to Corrogwe, in order to develop the country, at a cost of about $19,500,000. On Tuesday the New York Central made the fastest time on record between New York and Buffalo. The trip was made in eight hours and fifty-six minutes with a passenger train. Senator McDonald of Illinois died at 11:35 Sunday night. He passed away very peacefully, without a struggle, surrounded by his family, who were all in attendance at the bedside. Secretary Mohler of the Kansas State Board of Agriculture at Topeka says there is no foundation for the reports of damage to crops in Kansas. The crops are in first-class condition. The new anti pool room law of Missouri has gone into effect and all the pool rooms of St. Louis have closed except one, and that one will be used to test the constitutionality of the new law. A band of armed Kurds are holding an English girl named Katie Greenfield, aged 14 years, who was abducted at the Turkish consulate in Soujobalk, Persia, in defiance of the English consul. Acting Secretary Spald'ng has directed that three Chinamen, who were arrested at Detroit for entering this country in violation of law, be sent to San F'ancisco for deportation to China. Julia Adams, aged 15, in Redfield, Maine, has eaten no food and has taken only one drink of water for twenty days past. She says she is neither faint nor hungry. She had inflammation of the bowels. The German-Jewish emigration committee declines to undertake to send Jewish exiles to Palestine instead of America, on the ground that to undertake to palliate will not solve the Jewish problem. Enormous timber frauds have been discovered by the Wisconsin state land commissioners. The robbery of state timber land has been going on for twelve years. The loss to the State has been many millions of dollars. A plot among 1,400 convicts in San Quentin penitentiary to escape by operpowering the guards has been discovered. A large lot of arms and stones were found among the prisoners. Strin gent precautions have been taken tc thwart the plot. Reports from Northwestern Iowa represent that section as being devastated by a terrible cloudburst on the Sith. Bridges, railway tracks and houses were swept away. Telegraph lines are down s that it will be some time before definite news of the disaster can be obtained. A dispatch from Omaha says: The law passed by the recent Alliance legisla. ture at its recent session declaring all grain elevators in Nebruska public warehouses goes into effect this week through out the State. Alliance organizations have purchased and built many elevators, Instead of the enormous crop to be barrested shortly being placed on the market, Alliance grain men assert it will go to the elevators and not be placed on the marke, until prices have materially advanced. A dispatch from Cherokee, Iowa, dated the 34th says: The horrors of the