9333. Nielsen & Co. (Pentwater, MI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 21, 1900
Location
Pentwater, Michigan (43.782, -86.433)

Metadata

Model
gpt-5-mini
Short Digest
9320fecf

Response Measures

None

Description

Multiple contemporaneous newspaper reports (May 21–25, 1900) state the banking house of Nielsen & Co. failed to open its doors and that the circuit court was asked to appoint H. H. Bunyea as receiver. No run or depositor panic is described in these items. The bank appears to have been suspended/closed and a receiver was sought, so classification is suspension_closure. Cause of suspension is not specified in the reports (hence set to 'other').

Events (2)

1. May 21, 1900 Receivership
Newspaper Excerpt
The circuit court has been asked to appoint H. H. Bunyea, a brother-in-law of Mr. Neilsen, and one of the heaviest depositors as receiver. A delegation of depositors ... protested against Mr. Bunyea's appointment.
Source
newspapers
2. May 21, 1900 Suspension
Cause Details
Article states the bank failed to open its doors; no explicit cause given (assets unknown; liabilities estimated $75,000 to $100,000).
Newspaper Excerpt
The banking house of Nielsen & Co., failed to open its doors today and the circuit court has been asked to appoint H. H. Bunyea ... as receiver.
Source
newspapers

Newspaper Articles (7)

Article from The Topeka State Journal, May 21, 1900

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Article Text

BANK FAILS TO OPEN. Has Liabilities Bordering Upon $100,000. Pentwater, Mich., May 21.-The banking house of Nielsen & Co., failed to open its doors today and the circuit court has been asked to appoint H. H. Bunyea, a brother-in-law of Mr. Neilsen, and one of the heaviest depositors as receiver. A delegation of depositors went before the court today and protested against Mr. Bunyea's appointmen. The liabilities are unofficially estimated at $75,000 to $100,000. It is impossible at this time to form an estimate of the assets.


Article from Deseret Evening News, May 21, 1900

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Article Text

Trouble in a Bank. Pentwater, Mich., May 21.-The banking house of Nielsen & Co. failed to open its doors today, and the circuit court has been asked to appoint H. H. Bunyea, a brother-in-law of Mr. Nielsen and one of the heaviest depositors, as receiver. A delegation of depositors went before the court today and protested against Mr. Bunyea's appointment. The liabilities are unofficially estimated at $75,000 to $100,000. It is impossible at this time to form an estimate of the assets.


Article from The Manitowoc Pilot, May 24, 1900

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Article Text

THE NEWS IN BRIEF. For the Week Ending May 23. The national congress of mothers opened in Des Moines, Ia. English Second Adventists expect an early translation to heaven. The entire business district of Forest, Miss., was destroyed by fire. An American corn kitchen was inaugurated at the Paris exposition. Mrs. Lucy Washington (colored), living near Wabash, Ind., is 110 years old. Fire destroyed nearly the entire business portion of Shipshewana, Ind. St. Mary's college at Belmont, N. C., was destroyed by fire, the loss being $200,000. Cholera continues in India. Curzon reports 5,607,000 famine sufferers receiving relief. House leaders have decided to reduce the war taxes at the next session of congress. The queen regent of Spain has signed the postal convention with the United States. Ex-Senator Quay, of Pennsylvania, has announced his candidacy for reelection to the senate. Engineer Frank Shaw and Fireman Harry Wetzell were killed in a train wreck at Oakland, Cal. Sam Hinson (colored) was hanged by a mob near Cushtusha, Miss., for an attempted murder. Railroad officials contemplate giving war veterans a permanent half rate fare west of Chicago. James M. Lynch, of Syracuse, N. Y., has been elected president of the International Typographical union. Simon W. Cramer accidentally shot and killed his wife in Paulding, O., while attempting to kill a rat. The Indiana superior court holds the law constitutional requiring factories to pay their employes weekly. Walter Gordon and Beauty Ingram (colored) were hanged at Eutaw, Ala., for the murder of Tom Buntain. German commercial interests are amazed at the growth of American trade and propose to increase the tariff. Representatives of English wheat buyers are contracting with Kansas farmers for the entire crop at 50 cents a bushel. Capt. Charles E. Clark, of Atlantic City, has been presented with a medal for saving 654 persons from drowning. Victor Lipecki, an amateur actor, died in Chicago from lockjaw caused by an accidental wound received during a play. John O'Grady, under sentence at Toledo, O., for larceny, is believed to be Sir Ralph Vermilye, an English nobleman. Reeves Bros.' boiler works at Alliance, O., were totally destroyed by fire. Loss on building, machinery and stock, $144,000. The Louisiana legislature elected ex-Gov. Murphy J. Foster to the United States senate and reelected Samuel Douglas McEnery. In a fit of jealousy Benjamin Wagnitz shot and killed Ida Foss, his sweetheart, at Hood River, Ore., and then killed himself. Grand Master Workman John W. Parsons and the other general officers of the Knights of Labor have been suspended from office. Walter Williams, deputy coroner, shot and killed William M. Downer in Denver, Col., and then killed himself. Domestic trouble was the cause. On the two thousand one hundred and first ballot Wood W. Skiles was nominated for congress by the republicans of the Fourteenth Ohio district. President McKinley will ride on horseback in the G. A. R. parade in Chicago in August, having accepted a place on the staff of Commander Shaw. At the meeting in Detroit of the Women's Baptist Home Mission society Mrs. J. N. Crouse, of Chicago, was for the twenty-third time elected president. Charles W. Neely was rearrested in New York on the charge of conversion of $45,300 of government funds while financial agent of the post office department in Cuba. The entire business district of the town of Forest, on the Alabama & Vicksburg road, 50 miles east of Jackson, Miss., was burned. The loss is estimated at $200,000. The postmaster general has suspended Director General of Posts Rathbone and appointed Fourth Assistant Postmaster General Bristow acting director general of posts in Cuba. Nathaniel P. Hill, formerly United States senator from Colorado, died in Denver Tuesday of general debility resulting from stomach trouble. He was 68 years old. The banking house of Nielsen & Co., of Pentwater, Mich., failed to open its doors. The liabilities are unofficially estimated at $75,000 to $100,000. It is impossible at this time to form an estimate of the assets. Fritz Meyer was put to death in the electric chair at Sing Sing (N. Y.) prison at 6:05 o'clock Monday morning for the murder of Policeman Frederick Smith in New York city on the night of October 27, 1897. The admiral of the Siamese navy was a


Article from The Oskaloosa Herald, May 24, 1900

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Article Text

SHORT SPECIALS. Ex-Senator Quay, of Pennsylvania, has announced his candidacy for reelection to the senate. Lew Summers was shot and instantly killed near Mount Vernon, Ill., by Silas Riggs. Details are lacking. The drainage canal case, affecting the Chicago river and St. Louis, was ordered for oral hearing at the next term of the United States supreme court. The postmaster general has suspended Director General of Posts Rathbone and appointed Fourth Assistant Postmaster General Bristow acting director general of posts in Cuba. The banking house of Nielsen & Co., of Pentwater, Mich., failed to open its doors. The liabilities are unofficially estimated at $75,000 to $100,000. It is impossible at this time to form an estimate of the assets. Fritz Meyer was put to death in the electric chair at Sing Sing (N. Y.) prison at 6:05 o'elock Monday morning for the murder of Policeman Frederick Smith in New York city on the night of October 27, 1897. The federal authorities at Washington have instructed Dr. Kinyoun, quarantine officer at the port of San Francisco, to take charge of measures to suppress the bubonic plague, which the local board of health has declared exists there. Dr. A. B. Lawrence, of Eldorado, Kan., is in Kansas City at the request of Charles Towne, the populist nominee for vice presIdent, for the purpose of completing arrangements for holding the national convention of silver republicans in that city. As a Congregationalist Rev. Dr. A. C. McGiffert, who resigned from the Presbyterian church rather than submit to a heresy trial, with himself as defendant, preached his first sermon Sunday night from the Plymouth church pulpit of Beecher, Abbott and Hillis. Superintendent of Police Quirk, of Philadelphia, stated that Henry Ivory, a colored laborer, has confessed that he was with the murderer of Prof. Roy Wilson White, the young law instructor of the University of Pennsylvania, who was killed on the street late Saturday night. The admiral of the Slamese navy was a passenger. on the steamer City of Peking, which has just arrived in San Francisco. He is A. Du Plessis de Richelieu, who for the last 26 years has been in command of the small but efficient fleet that protects the little Asiatic station from foes on the sea.


Article from Warren Sheaf, May 24, 1900

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Article Text

Bank Failure. Pentwater, Mich., May 22. - The banking house of Nielsen & Co. failed to open its doors, and the circuit court has been asked to appoint H. H. Bunyea, a brother-in-law of Mr. Neilson and one of the heaviest depositors, as receiver. A degelation of depositors went before the court and protested against Mr. Bunyea's appointment. The liabilities are unofficially estimated at $75,000 to $100,000. It is impossible at this time to form an estimate of the assets,


Article from The Red Cloud Chief, May 25, 1900

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Article Text

Bank Fails to Open. The banking house of Nielsen & Co., at Pentwater, Mich., failed to open its doors and the circuit court has been asked to appoint H. H. Bunyea, a brother-in-law of Mr. Neilsen, and one of the heaviest depositors as receiver. A delegation of depositors went before the court and protested against Mr. Bunyea's appointment. The liabilities are unofficially estimated at $75,000 to $100,000.


Article from The Owosso Times, May 25, 1900

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Article Text

Dispute as to the Receiver. Pentwater, Mich., May 22.-The banking house of Nielsen & Co. failed to open its doors yesterday and the circuit court has been asked to appoint H. H. Bunyea, a brother-in-law of Neilsen and one of the heaviest depositors, receiver. A delegation of depositors went before the court and protested against Bunyea's appointment. The liabilities are unofficially estimated at from $75,000 to $100,000.