9312. Bank of Niles (Niles, MI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 20, 1901
Location
Niles, Michigan (41.830, -86.254)

Metadata

Model
gpt-5-mini
Short Digest
9750da18

Response Measures

None

Description

Multiple contemporary newspapers (Mar 20–23, 1901) report the Bank of Niles, Mich. as suspended and an investigation finding heavy shortages. Articles identify the missing cashier C. A. Johnson and allege large forgeries/defalcations (~$150,000) and that only $35,000 remained in the vaults. No article describes a depositor run or a reopening; therefore classified as a suspension that appears to lead to permanent closure/insolvency. Dates taken from publication dates; OCR minor name variants corrected (C. A. Johnson consistent across articles).

Events (1)
1. March 20, 1901 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Alleged large defalcation/forgery by cashier C. A. Johnson; reports of missing cashier and forged notes, defalcation ~ $150,000.
Newspaper Excerpt
Investigation discloses that of $350,000 deposits only $35,000 remains in the vaults of the suspended Bank of Niles, Mich.
Source
newspapers

Newspaper Articles (6)
1. March 20, 1901 Watertown Republican Watertown, WI
Article from Watertown Republican, March 20, 1901

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Article Text

nearly wiped out by fire. Andrew Carnegie, in a letter to the people of Pittsburgh, Pa., announced his retirement from active business and a gift of $5,000,000 to his old employes. The army transport Hancock, with the Thirtieth volunteer infantry, made up almost wholly of men from Illinois and Michigan, arrived in San Francisco from Manila. It is reported that the British cabinet has arranged terms that may be acceptable to the Boers. Gov. Wells, of Utah, vetoed the bill which legalized polygamy in the state. Robbers blew open the safe of the Farmers' bank at New Madison, O., but failed to get any booty. Gus Davis, a negro, was hanged at Belleville, Tex., for the murder of Herman Schluens, a white farmer, last December. George Weaver, of Canal Dover, O., out of employment, shot his sleeping wife to death and then killed himself, leaving seven children. A bill disfranchising 40,000 illiterate voters in Maryland was passed by the legislature. Col. W. C. Sanger, of New York, has been appointed assistant secretary of war. Investigation discloses that of $350,000 deposits only $35,000 remains in the vaults of the suspended Bank of Niles, Mich. President McKinley issued a proclamation directing 30 days' official mourning for the death of Benjamin Harrison. Marconi, the wireless telegraphy inventor, arrived in New York. C. W. Ryan, cashier of the National bank at Halifax, Pa., was shot and killed by two robbers, who were captured by citizens after a struggle. Ralph G. Bateman killed his sweetheart, Ella F. White, at Norwood, Mass., and then committed suicide. Jealousy was the cause. The Maine legislature refused to resubmit to the people the prohibitory amendment to the constitution. Jimmy Coogan, a light weight pugilist, was shot and killed in Denver by Frank Salter. Harry Thurston was arrested for robbing his benefactress, Mrs. George E. Frasin, of Morgan Park, Ill., while she was dying. The impeachment trial of the justices of the supreme court of North Carolina was begun at Raleigh. Mrs. Richardson, widow of the Savannah (Mo.) merchant who was murdered last December, has been indicted for the crime. Thousands of bushels of oranges are rotting in California because railroads cannot furnish enough cars to transport the fruit to eastern markets. # PERSONAL AND POLITICAL. Lieut. Commander Leonard Chenery, United States navy, retired, died in New York city, aged 56 years. Franklin Hatheway, who had lived in Chicago since 1847, died, aged 83. Alfred Stead, youngest son of W. T. Stead, of London, and Miss Mary Elaine Hussey were married at Indianapolis. C. T. Gorham, former minister to The Hague, died at Marshall, Mich., aged 89 years. Ex-President Benjamin Harrison died at his home in Indianapolis, aged 68 years. The cause of death was pneumonia, following an attack of grippe. He leaves a wife and three children. The democratic city convention of Denver, Col., nominated Mrs. Eliza M. Anderson for city clerk. A fierce blizzard in Michigan tied up all railroad traffic north of Grand Rapids. Three train men were killed by the explosion of an engine on the Lehigh Valley railroad near Mud Run, N. J. The Pennsylvania company is said to have secured control of the Baltimore & Ohio railroad. Henry Raab, ex-state superintendent of education, died at his home in Belleville, Ill. Frank E. Corbett, speaker of the Montana house of representatives, died in Butte, aged 37 years.

2. March 21, 1901 Crittenden Press Marion, KY
Article from Crittenden Press, March 21, 1901

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Article Text

Lieut. Gen. Miles has gone, on Cuban tour. One foot of snow fell in northern Wisconsin. Sherman Harris (colored) was hanged by a mob near Spellman, Ga., for the murder of Sidney King, a merchant. Cloverport, Ky., a town of 3,000, was nearly wiped out by fire. Andrew Carnegie, in a letter to the people of Pittsburgh, Fa., announced his retirement from active business and a gift of $5,000,000 to his old employes. The army transport Hancock, with the Thirtieth volunteer infantry, made up almost wholly of men from Illinois and Michigan, arrived in San Francisco from Manila. It is reported that the British cabinet has arranged terms that may be acceptable to the Boers. Gov. Wells, of Utah, vetoed the bill which legalized polygamy in the state. Robbers blew open the safe of the Farmers' bank at New Madison, O., but failed to get any booty. Gus Davis, a negro, was hanged at Belleville, Tex., for the murder of Herman Schluens, a white farmer, last December. George Weaver, of Canal Dover, O., out of employment, shot his sleeping wife to death and then killed himself, leaving seven children. A bill disfranchising 40,000 illiterate voters in Maryland was passed by the legislature. Col. W. C. Sanger, of New York, has been appointed assistant secretary of war. Investigation discloses that of $350,000 deposits only $35,000 remains in the vaults of the suspended Bank of Niles Mich. President McKinley issued a proclamation directing 30 days' official mourning for the death of Benjamin Harrison. Marconi, the wireless telegraphy inventor, arrived in New York. C. W. Ryan, cashier of the National bank at Halifax, Pa., was shot and killed by two robbers, who were captured by citizens after a struggle. Ralph G. Bateman killed his sweetheart, Ella F. White, at Norwood, Mass., and then committed suicide. Jealousy was the cause. The Maine legislature refused to resubmit to the people the prohibitory amendment to the constitution. Jimmy Coogan, a light weight pugilist. was shot and killed in Denver by Frank Salter. Harry Thurston was arrested for robbing his benefactress, Mrs. George F. Frasin, of Morgan Park, Ill., while she was dying. The impeachment trial of the justices of the supreme court of North Carolina was begun at Raleigh. Mrs. Richardson, widow of the Savannah (Mo.) merchant who was murdered last December, has been indict. ed for the crime. Thousands of bushels of oranges are rotting in California because railroads cannot furnish enough cars to transport the fruit to eastern markets.

3. March 21, 1901 Crittenden Press Marion, KY
Article from Crittenden Press, March 21, 1901

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Article Text

Lient. Gen. Miles has gone on Cuban tour. One foot of snow fell in northern Wisconsin. Sherman Harris (colored) was hanged by a mob near Spellman, Ga., for the murder of Sidney King, a merchant. Cloverport, Ky., a town of 3,000, was nearly wiped out by fire. Andrew Carnegie, in a letter to the people of Pittsburgh, Fa., announced his retirement from active business and a gift of $5,000,000 to his old employes. The army transport Hancock, with the Thirtieth volunteer infantry, made up almost wholly of men from Illinois and Michigan, arrived in San Francisco from Manila. It is reported that the British cabinet has arranged terms that may be acceptable to the Boers. Gov. Wells, of Utah, vetoed the bill which legalized polygamy in the state. Robbers blew open the safe of the Farmers' bank at New Madison, O., but failed to get any booty. Gus Davis, a negro, was hanged at Belleville, Tex., for the murder of Herman Schluens, a white farmer, last December. George Weaver, of Canal Dover, O., out of employment, shot his sleeping wife to death and then killed himself, leaving seven children. A bill disfranchising 40,000 illiterate voters in Maryland was passed by the legislature. Col. W. C. Sanger, of New York, has been appointed assistant secretary of war. Investigation discloses that of $350,000 deposits only $35,000 remains in the vaults of the suspended Bank of Niles, Mich. President McKinley issued a proclamation directing 30 days' official mourning for the death of Benjamin Harrison. Marconi, the wireless telegraphy inventor, arrived in New York. C. W. Ryan, cashier of the National bank at Halifax, Pa., was shot and killed by two robbers, who were captured by citizens after a struggle. Ralph G. Bateman killed his sweetheart, Ella F. White, at Norwood, Mass., and then committed suicide. Jealousy was the cause. The Maine legislature refused to resubmit to the people the prohibitory amendment to the constitution. Jimmy Coogan, a light weight pugilist. was shot and killed in Denver by Frank Salter. Harry Thurston was arrested for robbing his benefactress, Mrs. George E. Frasin, of Morgan Park, Ill., while she was dying. The impeachment trial of the justices of the supreme court of North Carolina was begun at Raleigh. Mrs. Richardson, widow of the Savannah (Mo.) merchant who was murdered last December, has been indicted for the crime. Thousands of bushels of oranges are rotting in California because railroads cannot furnish enough cars to transport the fruit to eastern markets.

4. March 22, 1901 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, March 22, 1901

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A WEEK'S RECORD All the News of the Past Seven Days Condensed. HOME AND FOREIGN ITEMS News of the Industrial Field, Personal and Political Items, Happenings at Home and Abroad. THE NEWS FROM ALL THE WORLD DOMESTIC. John Henderson, a negro who murdered Mrs. Younger, a white woman, was burned at the stake by a mob in Corsicana, Tex. Frank Sherman, of Washington, D. C., won the pool championship of the world at Boston. Two trainmen were killed by a passenger train running into a snowdrift at Lake Station, Mich. C. A. Johnson, missing cashier of the Niles (Mich.) bank, is accused of forging notes for $100,000 and of having robbed the bank for years. Mayor Gleischmann, of Cincinnati, announced tlat no more permits for boxing contests would be issued to athletic clubs. The business portion of the public square at Sparta, Tenn., was destroyed by fire. Lieut. Gen. Miles has gone on a Cuban tour. One foot of snow fell in northern Wisconsin. Sherman Harris (colored) was hanged by a mob near Spellman, Ga., for the murder of Sidney King, a merchant. Cloverport, Ky., a town of 3,000, was nearly wiped out by fire. Andrew Carnegie, in a letter to the people of Pittsburgh, Pa., announced his retirement from active business and a gift of $5,000,000 to his old employes. Eleven passengers were injured by the ditching of a passenger train near Soldier, Kan. The army transport Hancock, with the Thirtieth volunteer infantry, made up almost wholly of men from Illinois and Michigan, arrived in San Francisco from Manila. It is reported that the British cabinet has arranged terms that may be acceptable to the Boers. Gov. Wells, of Utah, vetoed the bill which legalized polygamy in the state. Robbers blew open the safe of the Farmers' bank at New Madison, O., but failed to get any booty. Gus Davis, a negro, was hanged at Belleville, Tex., for the murder of Herman Schluens, a white farmer, last December. George Weaver, of Canal Dover, O., out of employment, shot his sleeping wife to death and then killed himself, leaving seven children. A bill disfranchising 40,000 illiterate voters in Maryland was passed by the legislature. Col. W. C. Sanger, of New York, has been appointed assistant secretary of war. Investigation discloses that of $350,000 deposits only $35,000 remains in the vaults of the suspended Bank of Niles, Mich. President McKinley issued a proclamation directing 30 days' official mourning for the death of Benjamin Harrison. Marconi, the wireless telegraphy in-

5. March 23, 1901 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, March 23, 1901

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Article Text

Lieut. Gen. Miles has gone on a Cuban tour. One foot of snow fell in northern Wisconsin. Sherman Harris (colored) was hanged by a mob near Spellman, Ga., for the murder of Sidney King, a merchant. Cloverport, Ky., a town of 3,000, was nearly wiped out by fire. Andrew Carnegie, in a letter to the people of Pittsburgh, Pa., announced his retirement from active business and a gift of $5,000,000 to his old employes. The army transport Hancock, with the Thirtieth volunteer infantry, made up almost wholly of men from Illinois and Michigan, arrived in San Francisco from Manila. It is reported that the British cabinet has arranged terms that may be acceptable to the Boers. Gov. Wells, of Utah, vetoed the bill which legalized polygamy in the state. Robbers blew open the safe of the Farmers' bank at New Madison, O., but failed to get any hooty. Gus Davis, a negro, was hanged at Belleville, Tex., for the murder of Herman Schluens, a white farmer, last December. George Weaver, of Canal Dover, O., out of employment, shot his sleeping wife to death and then killed himself, leaving seven children. A bill disfranchising 40,000 illiterate voters in Maryland was passed by the legislature. Col. W. C. Sanger, of New York, has been appointed assistant secretary of war. Investigation discloses that of $350,000 deposits only $35,000 remains in the vaults of the suspended Bank of Niles, Mich. President McKinley issued a proclamation directing 30 days' official mourning for the death of Benjamin Harrison. Marconi, the wireless telegraphy inventor, arrived in New York. C. W. Ryan, cashier of the National bank at Halifax, Pa., was shot and killed by two robbers, who were captured by citizens after a struggle. Ralph G. Bateman killed his sweetheart, Ella F. White, at Norwood, Mass., and then committed suicide. Jealousy was the cause. The Maine legislature refused to resubmit to the people the prohibitory amendment to the constitution. Jimmy Coogan, a light weight pugilist, was shot and killed in Denver by Frank Salter. Harry Thurston was arrested for robbing his benefactress, Mrs. George E. Frasin, of Morgan Park, III., while she was dying. The impeachment trial of the justices of the supreme court of North Carolina was begun at Raleigh. Mrs. Richardson, widow of the Savannah (Mo.) merchant who was murdered last December, has been indicted for the crime. Thousands of bushels of oranges are rotting in California because railroads cannot furnish enough cars to transport the fruit to eastern markets.

6. March 23, 1901 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, March 23, 1901

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NEWS OF THE WEEK. TELEGRAPHIC SUMMARY. The funeral of ex-President Harrison takes place at Indianapolis, attended by the president and many public officials. Two passengers of the steamer New York die from being suffocated by ammonia fumes from refrigerator plant exploding. Thirty persons were injured by the vapor. Fire in St. Louis destroys AnheuserBusch Brewing company ice house, United States arsenal, car foundry and other property. Loss, $100,000. Cruiser New York goes to Morocco to exercise moral pressure in collecting American claims. Memphis, Ind., is destroyed by fire; 500 persons homeless and without food. British and Russian forces which have camped on disputed territory at Tien Tsin will withdraw and remain quiescent pending diplomatic settlement. Two hundred and eighty-four convicts in penitentiary at Lansing, Kas., mutinied while in coal mine, and held 15 guards as hostages while treating for lighter work and better food. Are conquered by unexpected coup of Warden Tomlinson, who descends into mine with armed guards and forces surrender. Minister Wu Ting Fang, convocation orator at University of Chicago, speaks at Studebaker hall and is widely entertained. Nebraska, Wisconsin and Michigan are visited by a blizzard. General Botha rejects Lord Kitchener's overtures for peace. Will of Benjamin Harrison gives bulk of $400,000 estate to his widow. Sixteen persons injured in a wreck on Rock Island near Grand Junction, Iowa. Conspiracies to assassinate the czar have been discovered and frustrated. British steamer Tay in collision in Flushing roadstead, sinks with 13 of her crew. Duke of Newcastle says the warring of the high and low church factions will be the cause of the dissolution of church and state in England. H. E. Henderson, in jail at Dallas, claims to be Eddie Cudahy's kidnaper, and asks that boy be sent to identify him. Commandant Philip Botha, a brother of the Boer commanding general, was killed on the Doornberg. His two sons were wounded. C. A. Johnson, cashier of the suspended bank of Niles, Mich., is held under bond of $10,000, His defalcation is $150,000. Cossacks with whips keep in control a demonstration of students at St. Petersburg. King Edward commissions Edwin A. Abbey, the American artist, to paint the coronation scene in Westminster, the canvas to be fifteen feet long. Mrs. Lizzie Naramore, of Cold Brook, Mass., while insane kills her six children and unsuccessfully attempts suicide. A trotting match between The Abbot and Boralma, best four heats in seven, has been arranged for.