F. Ryhiner & Company (Highland, IL)

Episode Information

Episode UID
948727991024
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
94872799 hash
Start Date
April 30, 1885
Location
Highland, Illinois (38.739, -89.671)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ec0c6cc1128ab6fe

Response Measures

None

Events (2)
1. April 30, 1885 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Firm suspended due to insolvency/failed condition; widely reported as a bad failure
Newspaper Excerpt
The banking house of F. Ryhiner & Co., of Highland, III., suspended two days ago
Source
newspapers
2. May 5, 1885 Receivership
Newspaper Excerpt
F. B. Suppeger, J. C. Ainnian and John Hermann have been appointed assignees of the suspended firm, being required to give $800,000 bonds.
Source
newspapers

Newspaper Articles (2)
1. May 3, 1885 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, May 3, 1885

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Article Text

The Bank Failure at Highland, III. ST. LOUIS, May 2-The banking house of F. Ryhiner & Co., of Highland, III., suspended two days ago, but so far no statement of its condition has been made, and nothing definite as to liabilities or assets can be stated. The opinion prevails, however, that the failure is a bad one, and that the loss to depositors will be heavy. An assignment will probably be made.

2. May 7, 1885 The Stark County Democrat Canton, OH
Article from The Stark County Democrat, May 7, 1885

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Article Text

A Disastrous Failure. ST. LOUIS, Mo., May 5.-The failure of the banking firm of F. Ryhiner & Co., of Highland III., which was announced a few days ago, is much more disastrous than was at first supposed The liabilities were first placed at $300,000, but are now believed to be in the neighborhood of $900,000, the assets being only $400,000. The personal property of Adolph Bandolier, one of the partners in the broken concern, was attached yesterday morning. F. B. Suppeger, J. C. Ainnian and John Hermann have been appointed assignees of the suspended firm, being required to give $800,000 bonds. It is feared that widespread disaster will result from the suspens on.