9691. Bank of Merriam Park (Merriam Park, MN)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
March 24, 1898
Location
Merriam Park, Minnesota (44.944, -93.093)

Metadata

Model
gpt-5-mini
Short Digest
a91f148d

Response Measures

None

Description

OCR in some articles misspelled Merriam (Merlam/Merriman) and Southall as Scathall/Southall; corrected. The bank failed to open March 24, 1898 and was placed in the hands of the state bank examiner because it held fraudulent Southall government time checks. Directors suspended business to avoid a run; an April report indicates the difficulty was bridged and the bank expected to reopen soon. No explicit depositor run forcing closure is described.

Events (4)
1. March 24, 1898 Other
Newspaper Excerpt
The directors decided to close, fearing a run on the bank. ... the bank was also heavily involved. ... the clearing association refused to pass it and the closing today resulted.
Source
newspapers
2. March 24, 1898 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Large holdings/investment in James H. Southall's fraudulent government time checks (worthless paper) discovered, prompting directors to suspend to avoid a run.
Newspaper Excerpt
the Bank of Merriam Park yesterday morning failed to open its doors, and Bank Examiner Kenyon took charge of the institution.
Source
newspapers
3. April 1, 1898 Other
Newspaper Excerpt
Since the temporary difficulty of the institution has been successfully bridged it is not improbable that the bank may open its door for business during the next fortnight. ... the depositors are voluntarily offering every assistance towards reopening the bank and arrangements are being made with them for an extension on part of their deposits.
Source
newspapers
4. April 1, 1898 Reopening
Newspaper Excerpt
With your permission the bank should be able to open in a few days. ... the report shows that the bank at the close of business March 23 had on hand $8,688.54 in cash and other assets amounting to $121,000.
Source
newspapers

Newspaper Articles (12)
1. March 25, 1898 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, March 25, 1898

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Article Text

DUE TO SOUTHALL'S WORK Bank of Merriam Park, St. Paul, Closes Its Doors. St. Paul, Minn., March 24.-The Bank of Merlam Park failed to open today on account of the time-check fraud. The bank's capital is $50,000, which has been reported to have been invested in the Southall government time-cheks to the amount of $30,000. The bank is located in Merriman Park, on the edge of the town, close to Minneapolis, and cleared through one of the larger bahks in this city, but yesterday the clearing asosciation refused to pass it and the closing today resulted. When the Southall matter came out it was stated that H. M. Crosby of the Bank of Merriam Park was a heavy loser, but the bank was clear. Later developments, however, showed that the bank was also heavily involved. Chippewa Falls, Wis., March 24.-S. C. F. Cobdan, one of the wealthiest men in Northern Wisconsin, is one of the victims of the collossal frauds practiced by government clerks in St. Paul. Reports state the amount of Mr. Cobdan's loss will reach $75,000. The bank held $3,500 of the outhall checks and is not insolvent. The directors decided to close, fearing a run on the bank. Howard Marston of Boston is president.

2. March 25, 1898 The Copper Country Evening News Calumet, MI
Article from The Copper Country Evening News, March 25, 1898

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ARREST OF J. H. SOUTHA LL. The Alleged Swindler Taken into Custody at St. Paul. St. Paul, March 5.-Six hundred and twenty-five thousand dollars is given as the amount of money James H. Southall secured by means of fraudulent time checks. St. Paul banks hold $100,000 of these, but none of them more than $25,000 individually. St. Paul individuals hold $200,000 more, $70,000 being held by one business man, who discounted the paper at 12 to 15 per cent. Minneapolis banks and individuals are caught for about $75,000 and Minnesota county banks have $50,000 more, the rest of the worthless checks being held by banks from Fargo, S. D., to Hartford, Conn. A little of the paper, about $35,000, is reported in the hands of Chicago parties. Of this stupendous amount Southall, who lives unextravagantly with his family at St. Anthony Park, hasn't a dollar left. All of it appears to have been sunk on the Chicago board of trade. Since Southall left the employ of the government last summer he has run a bucket shop here under an assumed name. The public had become very much exasperated at the slowness of the government when at 3 o'clock in the afternoon a dispatch came from the department of justice at Washington ordering Southall's arrest. The warrant was prepared by District Attorney Stinger and served upon Southall at 5 o'clock. The Bank of Merriam Park has failed on account of the time check fraud.

3. March 25, 1898 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, March 25, 1898

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ONE OF THE RESULTS. Bank of Merriam Park Closes Because of Scathall Paper. As a direct result of the extensive Southall swindles, the Bank of Merriam Park yesterday morning failed to open its doors, and Bank Examiner Kenyon took charge of the institution. At a meeting of the directors of the bank, held Wednesday evening, it was decided to ask Bank Examiner Kenyon to take charge of the affairs of the bank. H. M. Crosby, cashier, and his brother, are among those who were in possession of a large amount of the Southall paper, and, as this fact had become generally known, the directors believed it policy to suspend business, rather than submit to a run on the bank, which would probably follow. A provision in the law provides that such an institution may be placed in the hands of the state bank department, without necescarily declaring the bank insolvent, and of this provision the directors took advantage. The bank has on hand a cash reserve of $16,500, or 23 per cent of its liabilities, that is, 3 per cent more than the legal reserve. The total amount of Southall certificates en hand, including a number held as securities on notes, upon which other security has also been deposited, is $6,200. It is stated that there had not, up to Wednesday evening, been any nervousness displayed by the depositors of the bank-in fact, many deposits were made Wesdnesday. Withdrawal of funds, however .was to be made by the banks to which the Merriam Park bank was indebted, and, in the interests

4. April 1, 1898 The Red Cloud Chief Red Cloud, NE
Article from The Red Cloud Chief, April 1, 1898

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# WORLD'S BRIEF NEWS A THOROUGH RESUME OF WORLD DOINGS. Items of Moment Bound to Interest the Intelligent Reader-Congressional and Departmental Doings Shortened for the Benefit of the Busy. The New Jersey state militia has been ordered to prepare for war. Gladstone is very ill at his home at Hawarden. He suffers intense pain. It is again hinted that Lord Salisbury is to retire on account of poor health. The pig iron trust is now a fact. Final steps were taken at Cleveland recently. Floods in the central states continue to grow alarmingly worse. Much damage is being done. Ths Cincinnati chamber of commerce has arranged to sent a carload of cornmeal to suffering Cubans. Captain Anson has an opinion on the Chicago baseball club. It is said the old man wants to be a "magnate." At West Superior, Wis., Mrs. Louis Barrett was burned to death. She tried to build a fire with kerosene. A dynamite magazine at Hillsville, Pa., exploded, killing eight persons, a man named Welch, his wife and six children. An explosion at the works of the U. S. Smokeless Powder company near San Rafael, Cal., caused the death of two men. Tom Watson has emphatically refused the populist nomination for governor of Georgia. He declares he is out of politics. Perry Young, engineer, and Clark Grant, were blown to antoms by the explosion of a boiler in the flour mill at Reed City, Mich. In the house of commons at London the Irish local government bill passed a second reading without a division and amid loud cheers. In the United States court of appeals at St. Louis, Judge Phillips has rendered a decision that a man cannot be imprisoned for debt. El Nacional of Madrid publishes a letter from Maximo Gomez to General Blanco, refusing proposals that he should make submission. Governor Bradley has sent a number of militia tents to Middlesboro and Richmond, Ky., for the use of the small pox patients and suspects. The house of representatives unseated Representative Epps from the Fourth district of Virginia, giving the seat to his contestant R. T. Thorpe. A deep feeling of uneasiness pervades railroad circles in Omaha over the possibility of a reduction in wages of the employes on the Union Pacific. After obtaining $1,700 from the sale of his farm, Wm. Schmalz, living near Waukesha, Wis., has mysteriously disappeared. It is believed to be a case of abduction or suicide. At Vincennes, Ind., William Osterhaag shot his wife and then committed suicide. His wife had just returned from visiting some friends when they quarreled with the result stated. A general strike of river coal miners at Pittsburg, Pa., is to be inaugerated April 2 unless the conditions of the Chicago agreement are complied with. A strike will effect about 5,000 men. The Bank of Merriam Park, St. Paul, Minnesota, has suspended owing to complications arising from investment in the Southall government time checks, which have been shown to be worthless. An amendment to the sundry civil bill is pending before the senate committee on appropriations, appropriating $250,000 to furnish supplies to the destitute people of Cuba. It will probably be adopted. Near Verdin, Ill., Will Kent was shot and fatally wounded by his brother, Noble Kent. The latter was disinherited in favor of the former by the father, who recently died, and the deed was done for revenge. Wesley Cochrane, jr., a young man of Atwood, Kan, shot and killed Mrs. Gertie Woodward, daughter of the editor of the Atwood Gazette. He then cut his own throat. The cause is unknown. The two were children together. The Steamer Santa Rosa from San Diego to San Francisco, reports having sighted the Steamer Helen W. Almy, bottom side up nine miles out from Point Konitta, at the Golden Gate. It is believed the passengers and crew, forty persons in all, perished. Judge Spencer of the St. Louis circuit court rendered a decision on the rights of newspapers to plead in justification in libel suits that the articles sued on were true. He says: "If the substance of the publication in its full and fair meaning is alleged and proved to be true, the justification is complete." Dr. Geo. E. Powell, "White Eagle," of La Crosse, Wis., has cabled to Baron el Cardo of Madrid accepting the challenge which the Baron sent to Senator Billy Mason of Illinois. He concludes his challenge as follows: "And while earnestly assuring you and all your kind that thousands of men of my type stand ready to step in my tracks and pick up my pistol if it should fall, I sincerely thank the representative of a thousand years of barbarism for the opportunity to fire a shot in revenge for the Yankee sailors, who fed the sharks in the bottom of Havana bay." A head-end collision between a passenger and special engine on the Chi-

5. April 1, 1898 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, April 1, 1898

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A report was made yesterday by Assistant Bank Examiner Lonegran to State Bank Examiner Kenyon, giving a detailed statement of the condition of the Bank of Merriam Park, which recently closed its doors, as a result of the discovery of the Southall "timecheck" swindle. The report shows that the bank is much better off than was first reported. It was found on examination that quite a number of the time checks were secured in one way and another, and that the actual loss to the bank would not exceed $2,700. Since the temporary difficulty of the institution has been successfully bridged it is not improbable that the bank may open its door for business during the next fortnight. Examiner Lonegran says: The feeling among the depositors, since the bank closed. has been a most friendly one, to the directors, and I fail to find an instance where any depositor has not commended the action of the board and yourself in closing the institution GT: the 24th inst., false rumors having been spread that this bank was interested to a large extent in the so-called 'government time checks.' As previously reported to yourself and the public. this bank only held about $3,700 of these checks and deducting these from interest paid to the bank since 1896, the bank actually lost about $2,700 therein. The depositors are voluntarily offering every assistance towards reopening the bank and arrangements are being made with ih m for an extension on part of their deposits. With your permission the bank should be able to open in a few days. The directors can then proceed at once to collect notes and further strengthen the bank. I have no doubt, if the bank reopens that the present management will be able to collect from the doubtful notes enough so that the impairment of the capital only will amount to about $10,000 and a reduction of this amount could later be made by the stockholders, as a capital of $40,000 is more than sufficient for its business. The present officers and directors are as follows: Russel Marston, president: Howard Marston, vice president; A. C. Woodruff cashier; Dr. Cobb, W. C. Edwards: H. M. Crosby and W. B. Hawley. directors. C. W. Moore, assistant cashier. A complete list of the assets is on file in the department. The directors, officials and employes gave me all needed assistance during the examination. The report shows that the bank at the close of business March 23 had on hand $8,688.54 in cash and other assets amounting to $121,000. Among the liabilities was $50,000 capital stock, $6,566 outstanding in paper, a large item of the $6,000 was, however, charged up to profit and loss account. It was also liable for $72,645.02. subject to check, and due other banks. During the time the affairs were in the hands of Bank Examiner Kenyon, various notes and items were paid which reduced the assets and liabilities to $125,459.13. Following the inventory of the holdings of the bank a meeting of the directors was held, and it was decided to only consider the value of the assets of the bank for what they would bring in case a receiver for the bank was appointed. The report stated that at least 25 per cent of the uncertain notes would undoubtedly be collected. In closing, the report gave a summary of the present condition and the circumstances which led up to its temporary suspension.

6. December 31, 1898 The Diamond Drill Crystal Falls, MI
Article from The Diamond Drill, December 31, 1898

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BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 24-National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 24- Bank of Southern Baltimore, $170,000. Mar. 16-Home savings Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25 Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29 Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia., $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabilities $103,000 German national of Pitts burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. 28 Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30 -Second national, of Toledo, o., goes into voluntary liquidation.

7. January 1, 1899 Marietta Daily Leader Marietta, OH
Article from Marietta Daily Leader, January 1, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 21-National, Paola, Kan., suspended. 1-First - national, Larimore, N. D., $71,754. Feb. -Bank of Southern Baltimore, $170,000. Mar. 6-Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25 Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7--Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13--Tioga national, of Oswego, N. Y., closed. 19 -First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000 closed; resumed on Nov. 15. 20-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., susspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30 Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.

8. January 7, 1899 The Cape Girardeau Democrat Cape Girardeau, MO
Article from The Cape Girardeau Democrat, January 7, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, III $60,000. 24-National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 21-Bank of Southern Baltimore, $170. 000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia. $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. -Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150, 000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich, $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing_2., suspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Teledo O., goesinto voluntary liquidation.

9. January 7, 1899 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, January 7, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. -First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170.000. Mar. 16-Home savings, 8 Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29- l'homas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la. $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, III., $150,000. Fillmore county, Preston, Minn., $150,000. Sep. It-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4 -Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29 Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation.

10. January 13, 1899 The Holly Chieftain Holly, CO
Article from The Holly Chieftain, January 13, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24 -National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170, 000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. .20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, 1a., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (sus pended) Aug. 11-Bank of Waverly, III., $150,000. 27 -Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Aia., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., lia bilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon. O., capital 350,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, 0, goes into liquidation. Nov. 5-First national, of Flushing., O., suy. pends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doora with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.

11. January 13, 1899 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, January 13, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24 National, Paola, Kan. suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170, 000 Mar 16-Home savings, Sioux City, Ia., $00,000 Benson savings, Waterford, Pa., $40,000. 21-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guaranters' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan, $283,000. 0-Commercial state, Marshalltown, Ia. 2--German savings, Doon, 1a., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (suspended). Aug II-Bank of Waverly, III $150,000. 27- - Fillmore county. Preston, Minn, $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich. $100,000. 15-Jasper. Ala., bank, $65,000. 26- Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswege. N. Y., closed. 19 First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabiliteis, $2,000,000. 21 - First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29- Second national, of Springfield, O., goes into liquidation. Nov. 5 First national, of Flushing., o., suapends 16 First national, of Emporia, Kan., closed. 28. Bank of Hornersville. N. Y., closes doors with liabilities of $75,000. 30 Second national, of Toledo, O., goes into voluntary liquidation.

12. January 13, 1899 Barton County Democrat Great Bend, KS
Article from Barton County Democrat, January 13, 1899

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HAPPENINGS OF 1898. A Chronological Array of the Most Prominent Events. STORY OF SPANISH-AMERICAN WAR. Brief Mention of Financial Failures, Startling Oatastrophes and Crimes-Necrology of Year - Politics and Sport. / BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. 31-First - national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16 Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul.20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended). -Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabilities, $7,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 10-First national, of Emporia, Kan., closed. President suicides an hour later. 2S-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. S-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.