Chadron Banking Company (Chadron, NE)

Episode Information

Episode UID
1141854191156
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
114185419 hash
Start Date
April 12, 1896
Location
Chadron, Nebraska (42.829, -103.000)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e90ea618f53f476f

Response Measures

None

Description

President A. C. Putnam was later arrested on charges of receiving money while the institution was insolvent.

Events (3)
1. April 12, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed due to insolvency; officers declined to give estimates of resources and liabilities.
Newspaper Excerpt
The Chadron Banking Company, the oldest banking institution in this city, closed its doors yesterday morning.
Source
newspapers
2. April 30, 1896 Receivership
Newspaper Excerpt
Judge W. H. Westover to-day appointed A. A. Record of this city receiver of the Chadron Banking Company.
Source
newspapers
3. May 17, 1896 Other
Newspaper Excerpt
A. C. Putman, president of the Chadron Banking company... was arrested today for receiving money when he knew the institution was insolvent.
Source
newspapers

Newspaper Articles (12)
1. April 13, 1896 New-York Tribune New York, NY
Article from New-York Tribune, April 13, 1896

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Article Text

TELEGRAPHIC NOTES. Akron, Ohio, April 12.-John Smith, the self-confessed murderer of the Stones, was arraigned in the jail here yesterday afternoon by Justice A. W. Hall. Smith entered a plea of "not guilty." The preliminary examination was set for next Tuesday. Chadron, Neb., April 12.-The Chadron Banking Company, the oldest banking institution in this city, closed its doors yesterday morning. A. C. Putnam is president. Officers of the bank decline to give any estimate of the resources and liabilities. Corning, N. Y., April 12.-Walter E. Bidler, aged ten years, living at Cooper's, a few miles west of here. committed suicide last night. He took a double-barrelled shotgun and put the charge through his side. The day before he told his schoolmates that It was his last day of school, as he intended to kill himself. Louisville, Ky. April 12.-The Lexington and Carter Mining Company. owning 10,000 acres of land in Carter County and capitalized at $300,000, was yesterday placed in the hands of the Columbia Finance and Trust Company as receivers, on application of employes, who are suing for wages, said to be overdue. The debts, it is said, will reach $50,000. but the receivers expect to put the concern on its feet in a short time. Cleveland, April 12.-At 2 o'clock this morning fire broke out in the Gehring apartment-house, on Murison-st. Forty families live in the building. and as they rushed pell-mell for the fire escapes and stairways, a wild scene of confusion ensued. Mary Cox, a waitress, aged seventeen. was cut off from the fire-escape. With her nightgown and hair in flames she jumped to the sidewalk, breaking her arm and receiving other severe injuries. Mrs. John Berlotuccia jumped from the second story and was badly bruised. James Kinswater fell through a burning floor and was seriously injured.

2. May 1, 1896 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, May 1, 1896

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Article Text

Receiver of a Bank. CHADRON, NEBR., April 30.-Judge W. H. Westover to-day appointed A. A. Record of this city receiver of the Chadron Banking Company. The report of the bank examiner shows that a number of persons owe the bank. which will probably be lost. The deposits amount to $20,000, of which there is $4000 county funds.

3. May 18, 1896 The Herald Los Angeles, CA
Article from The Herald, May 18, 1896

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Article Text

A Banker Arrested OMAHA, Neb., May 17.-A special from Chadron, Neb., to the Bee says: A. C. Putman, president of the Chadron Banking company, which went into a receiver's hands recently, was arrested today for receiving money when he knew the institution was insolvent. Creditors declare that Putman has wealthy relatives at Fredonia, N.Y., who are ready to make good all losses.

4. May 18, 1896 Kansas City Daily Journal Kansas City, MO
Article from Kansas City Daily Journal, May 18, 1896

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Article Text

Nebraska Banker Arrested. Chadron, Neb., May 17.-A. C. Putnam, president of the Chadron Banking Company, which went into a receiver's hands recently. was arrested to-day for receiving money when he knew the institution was insolvent. Creditors declare that Putnam has wealthy relations at Fredonia, N. C., who are ready to make good all losses.

5. May 18, 1896 San Antonio Daily Light San Antonio, TX
Article from San Antonio Daily Light, May 18, 1896

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Article Text

Bank President Arrested. CHADRON, Neb., May 18.-A. C. Putman, president of the Chadron Banking company, which went into a receiver's hands recently has been arrested for receiving money when he knew the insolvency of the institution. Creditors declare that Putman has wealthy relatives at Fredonia, N. Y., who are ready to make good all losses.

6. May 18, 1896 The Providence News Providence, RI
Article from The Providence News, May 18, 1896

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Article Text

His Relatives May Settle. CHADRON, Neb. May 18.-A. C. Putnam, president of the Chadron Banking Company, which went into receivership and recently. has been rrested charged with receiving money when be knew the institution was insolvent. Creditors declare that Putnam has wealthy relations at Fredonia, N. Y., who are ready to make good all losses.

7. May 18, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, May 18, 1896

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Article Text

Insolvent Banker Arrested. Omaha, May 17.-A special to the Bee from Chadron, Neb., says: A. C. Putnam. president of the Chadron Banking Company, which went into a receiver's hands recently. was arrested today for receiving money when he knew the Institution was insolvent. Creditors declare that Putman has wealthy relatives at Fredonia, N. Y., who are ready to make good all losses.

8. May 19, 1896 Evening Star Washington, DC
Article from Evening Star, May 19, 1896

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Article Text

Bank President Arrested. A. C. Putnam, president of the Chadron, Neb., Banking Company, which went into a receiver's hands recently, has been arrested for receiving money when he knew the institution was insolvent. Creditors declare that Putnam has wealthy relations at Fredonia, N. Y., who are ready to make good all losses.

9. May 19, 1896 The Evening Herald Shenandoah, PA
Article from The Evening Herald, May 19, 1896

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Article Text

Another Crooked Banker Arrested. CHADRON, Neb., May 19.-A. C. Putnam president of the Chadron Banking com pany, which went into a receiver's hands recently, has been arrested for receiving money when he knew the institution was insolvent. The creditors declare that Mr Putnam has wealthy relations at Fredonia N. Y., who are ready to make good all the losses.

10. May 19, 1896 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, May 19, 1896

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Article Text

Nebraska Banker Arrested. CHADRON, Neb., May 19.-A. C. Pitman, president of the Chadron Banking company, which went into a receiver's hands recently. has been arrested for receiving money when he knew the institution was insolvent.

11. May 20, 1896 New Ulm Review New Ulm, MN
Article from New Ulm Review, May 20, 1896

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Article Text

# Nebraska Banker Arrested. CHADRON, Neb., May 19.-A. C. Pitman, president of the Chadron Banking company, which went into a receiver's hands recently, has been arrested for receiving money when he knew the institution was insolvent.

12. January 15, 1897 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, January 15, 1897

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Article Text

Mar. 9.-Sherman county, Goodland, Kan. Bloomfield (Neb.) State Commercial and Savings, San Jose, Cal. Mar 27-Midway (Ky.) Deposit. Mar 30-First national, Morris, Minn. Apr. 4--Farmers', Decatur, III. Apr 11-Chadron (Neb.) Banking Co. Apr. 16-First national, and Liberty savings. Bedford City, Pa. Apr. 22-American national, Denver, Col., $865,231. Apr. 24-Grand Forks (N. D.) national May 1-City savings, Hot Springs, Ark.... Bank of Fairland, III. May 7-Citizens', Union City, Ind. May 14-Sumner national, Wellington, Kan May 19-Citizens', Edwardsburg, Mich. May 26-National, Jefferson. Tex. May 28-Bank of New England, Manchester, N H. June 2-Bank of Maroa, Ill. June 3-Farmers' deposit, Creighton, Mo. June 11-John A. Thompson's bank, Edinburg. Ind First national. Larned, Kan. June 16-First national, and Bank of Cheney Cheney, Wash. June 25-Security savings, Winchester, N. Hinsdale (N. H.) savings. H July 13-Peot It's savings. Lansing, Mich. July 16-First national, Hillsboro, O. July 23-German savings, Omaha July 27-Farmers' bank, Rock Valley, Ia. July 29-Denison (O.) deposit. Aug. 6-American national, New Orleans Conkling Bros, Nevada (Mo.) bankers Banks at Bronaugh and Richards, Mo. Aug. 7-Lake county, East Chicago, Ind. Inghar: county savings, Lansing, Mich. Aug. 11-Security, Duluth, Minn.: $800,000 Murray Hill, New York, $500,000. Aug 12-Bank at National City, Col. Aug 14-State bank. Peru, Ill. Aug 19-Bank of Argentine, Kan. Aug. 21-Bank of Wymore, Neb. Aug 24-Church & Son's state bank at Lowell, Mich Aug. 28-Sioux national, Sioux City, Ia., $900.000 Sept 1-First national, Beatrice. Neb. Sept 2-Manufacturers' bank, West DuJuth, Minn State Loan & Trust Co. bank. Ogalalla, Neb. Sept. 4-First national. Helena, Mont. Sept. 5-Jackson county, Black River Falls, Wis. Sept. 10-Mutual national, New Orleans. Sept. 11-Bankof Commerce, New Orleans. Sept. 14-Bennett national, New Whatcom. Wash Sept. 16-Midland state, Omaha, Neb. Sept 17-Shellsburg (Wis.) bank. Sept. 19-National, Troy, N. Y.; $449,000. Sept. 22-Pawnee (III.) bank. Sept. 23-Mapleton (Minn.) bank. Sept. 25-Argonia (Kan.) state bank. Sent. 26-Tribune (Kan.) bank. Oct. 5-First national, Mount Pleasant, Mich Oct. 7-First national, Ithaca, Mich. Oct. 10-Security Trust Co., Nashua, N. H. Oct. 12-First national, Eddy. N. M. Oct. 14-Marine national, Duluth, Minn Second national, Rockford, Ill Bank of Commerce. Buffalo, N. Y. Bank Oct. 16-Merchant's, Atlanta, Ga of Pukwana, S. D. Oct. 19-Marion (0.) Deposit. Oct. 28-At Big Rapids, Mich., Mecosta savings. Nov. 5-Marine national, Duluth, Minn. Nov. 10-Iowa savings, Sloux City First national, Decorah, la. Nov. 14-La Harpe (III.) bank. Nov 19-First national, Sioux City, Ia Sioux City, Ia. Nov. 22-First national, East Saginaw Mich. Nov. 23-Dakota national, Sloux Falls, S D. Nov. 24-Davis County Savings associa tion Gallatin, Mo. Nov. 28-Citizens' bank, Midlothian, Tex Mis Nov. 30-First national, Tyler, Tex souri national. Kansas City: $1,131,000. Dec. 1-German-American, Portage, Wis Bank of Westport, Mo. Dec. 5-Baxter, of Baxter Springs, Kar Henry county, at Clinton, Mo. Dec. 10-Harlan (Ia.) state Jonatha Easterly, Columbiana (O.) bankers. Dec. 11-National Bank of Commerce Duluth, Minn First national, Niagara N.Y. Dec. 14-First national. Holidaysburg Pa Banks at Martinsburg and William burg, Pa. Dec. -National bank of Illinois, at Ch cago-E. S. Dreyer & Co., Chicago, $1,200,80 Wasmansdorff, Heinemann & Co. Dec. 22-Bank of Minnesota, and Unio stockyards bank, at St. Paul. Dec. 23-Bank of West Superior, Wis American Banking & Trust Co., Aubur Me. Dec. 24-Calumet state bank, Blue Islan III. Dec. 26-Security Mortgage & Trust Co Dallas, Tex.: $2,000,000-Atlas national, Ch cago. Dec. 28-Bank of Superior. Wis Sca dia, at Minneapolis McCoy Banking C Independence, Mo. LARGER COMMERCIAL CONCERN INVOLVING LIABILITIES OF $500,0