17775. Wyandotte County Bank (Upper Sandusky, OH)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
July 1, 1893*
Location
Upper Sandusky, Ohio (40.827, -83.281)

Metadata

Model
gpt-5-mini
Short Digest
38904a31

Response Measures

Full suspension

Description

Multiple contemporaneous newspaper dispatches (dated July 31–Aug 1, 1893) report heavy runs among farmers that precipitated the bank's suspension and appointment of receivers. Receivers were named (Layton, McConnell/McCannell) and the bank 'went into the hands of a receiver' — indicating a permanent closure/receivership. Dates in reports vary slightly (July 31 or Aug 1); I use July 31, 1893 for the suspension/receivership and July 1893 for the preceding runs. 'Wyandotte County Bank' appears to be a state/county bank (not 'National' or 'Trust').

Events (3)

1. July 1, 1893* Run
Cause Details
Heavy withdrawals by farmers in the week prior to the suspension; contemporaneous accounts attribute 'heavy runs' among farmers as the immediate trigger.
Measures
None reported prior to suspension (reports only note heavy withdrawals).
Newspaper Excerpt
Heavy runs last week among farmers caused the suspension.
Source
newspapers
2. July 31, 1893 Receivership
Newspaper Excerpt
Dr. R. N. McCannell and J. R. Layton, have been appointed receivers. / John B. Layton and Dr. R. N. McConnell were appointed as receivers. / The Wyandotte County Bank went into the hands of a receiver this morning. The bank officials say that the assets are sufficient to pay depositors three times over.
Source
newspapers
3. July 31, 1893 Suspension
Cause Details
Lack of confidence by depositors and inability to convert its paper into ready cash; liabilities about $70,000–$75,000 and assets about $100,000 were reported, and receivers were appointed (John R. Layton and Dr. R. N. McConnell/McCannell).
Newspaper Excerpt
The Wyandotte County bank went into the hands of a receiver this morning.
Source
newspapers

Newspaper Articles (14)

Article from Alexandria Gazette, July 31, 1893

Click image to open full size in new tab

Article Text

Despite denials it is said that cholera exists in Naples, the average daily deaths, it is said, being 17. John G. Hess,a farmer aged 75 years, hanged himself at Bonhamtown, N. J., on Friday. His body was discovered last evening. There was a slight earthquake shock at San Francisco, at half-past one o'clock yesterday morning. No damage was done. Many of the savings banks in the North and East are taking advantage of the 30 and 60 days' notice allowed them for paying deposits. One thousand unemployed men reached Chicago yesterday on freight trains over the various western railroads running into the city. The San Francisco Call asserts that large quantities of rifles and cartridges have been smuggled to Honolulu and that evo rything points to a plot on the part of the royalists on the islands. Bridgett Hughes was found dead at her home in Brooklyn to-day, and she is believed to have been murdered. Peter Hughes, her husband, has been arrested on suspicion of being the murderer. Mis. Lucille Rodney, accompanied by her husband and W. W. Holliday, arrived in Chicago yesterday from Galveston, Tex., having walked the entire distance. The trip was made for a wager of $5,000. A concession has been granted by the Mexican government to a San Francisco company for the purpose of colonizing Americans in the State of Vera Cruz and Hilderga on the rich coffee and agricultural lands. Deputy Marshals Porck, Bruner and Posey had a battle with four outlaws a few miles west of Vinita, I. T., Saturday evening, in which one of the outlaws was killed and another severely wounded and captured. During last night's severe wind, rain and thunder storm at Nashville, Tenn., the building containing the cyclorama of the Battle of Mission Ridge gave way before it and is a complete wreck. If the picture is ruined the loss will be $20,0 0. The search for missing Anna Orr, the 17-year-old daughter of Charles Orr, who in a fit of delirium, the result of tyhoid malaria fever, jumped from a window at Castle View, near Bridgeport, Conn., Saturday night, has SO far proved fruitless. Ex-U. S. Minister Hicks, who has just arrived at San Francisco, says Peru is in a state verging on bankruptcy, the silver question having become a serious p oblem. There is considerable unrest in the country pending the election of a new President. The house of J.H. Langrain, a farmer near Olga, N. D., was burned yesday through lighting a fire with kerosene. Two of his children were burned to death, and Langrain and wife were so badly injured that their recovery is doubtful. A heavy rain and lightning storm visited Denver and vicinity yesterday afternoon. At Barnum, a suburban town, a small cloudburst occurred. In Denver there was no damage done, but the lightning was awful. The storm was general throughout the mountains. Among the failures reported to-day are the private banking house of N. M. Crane & Co., at Hornellsville, N. Y.; the Akron, Ohio, Savings bank the Wyandotte county bank, Upper Sandusky, O.; the Commercial Bank, of Cottage Grove, Oregon ; First National Bank, of Ashland, Wis, With this morning the savings banks of New York city, as a rule, began to take advantage of the sixty days' time clause. That is, the bank officials made use of the prerogative in cases where large amounts were concerned, or where such action was deemed neessary to check the withdrawal of money for hoarding or in senseless fright. But while nearly all the banks claimed the privilege of using the clause, in comparatively few instances


Article from Morning Journal and Courier, August 1, 1893

Click image to open full size in new tab

Article Text

ACTION OF BANKS. Some Post the Sixty Days' Notice and Others Fail to Open Their Doors. FALL RIVER, Mase., July 31 morning the four savings banks of the city took advantage of their by-laws to prevent any further withdrawale of deposits. Hereafter until further notice is given deposit ors will not be allowed to withdraw large sums except after having given 30 or 60 days' notice. In some banks the amount is $50 and in others the amount is $100. This action was necessitated as a result of heavy withdrawals during the past two weeks, but more particularly during the past few days. It is said that last week the withdrawals were $100,000 in xcess of the deposits. BROOKLYN, N. Y., July 31.-The sixty days notice order of the Brooklyn banks, compelling depositors to give notice before they could withdraw their deposits, caused several runs on the savings banks to-day. The greatest run was on the Brooklyn Savings bank. When the doors of the bank opened at 10 o'clock this morning an enormous crowd was waiting to draw its money. When they entered the bank they found notices posted on the walls compelling depositors to give eixty days' notice before they could draw their money. Great indignation was caused by these notices. Threats were made, but as these were of no avail the crowd went away in an ugly mood. Slight runs were also made on the South Brooklyn Savings institution and on the Dime Savings bank. UPPER SANDUSKY, O., July 31.-The Wyandotte County bank went into the hands of 8 receiver this morning. The bank officials claim the assets are sufficient to pay depositors three times over. CEDAR RAPIDS, Ia., July 31.-A. Daniels & Co., private bankers at Marion, made an assignment to C. H. Kuriz. The property is valued at $200,000 for the: benefit of all their creditors. PORTLAND, Ore., July 31.-The First National bank of East Portland failed to open its doors this morning. The officers of the bank say the suspension is temporary. A statement published July 12 shows resources of $300,000 and deposits of $150,000. THE DALLES, July 31.-The First National bank closed its doors this morning. The suspension is due to the closing of the Commercial National bank of Portland. PENDLETON, Ore., July 31.-The Pendleton Savings bank has temporarily suspended, Assets, $250,000; liabilities, $135,000. WORCESTER, Mass., July 31.-The Worcester savings banks give notice to-night that beginning to-morrow they will, in common with the majority of the savings banks throughout the state, enforce the provisions of their by-laws which requires notice of withdrawal of amounts exceeding $50.


Article from Richmond Dispatch, August 1, 1893

Click image to open full size in new tab

Article Text

an attempt to kill himself. He is still alive, but is paralyzed. The cause of the quadruple murder and suicide is said to be the fear that the family would die from starvation. The Springfield Savings Bank, Springfield. Mo.. with a capital of $25,000 and deposits of about $100,000. made an assignment yesterday morning. It is solvent and will pay in full. The Wyandotte County Bank, Upper Sandusky, O., went into the hands of a receiver yesterday. The bank officials claim that the assets are sufficient to pay depositors three times over. A dispatch was received yesterday afternoon by the Nicaragua Canal and Construction Company in New York from their agent at Grenada, stating that peace had been restored in Nicaragua. The Western Union Telegraph Company yesterday issued a circular stating that owing to political disturbances in Argentina messages for that country can only be accepted at sender's risk via Galveston.' Sunday night during a severe wind-, rain-, and thunder-storm the circular building at Nashville, Tenn., containing the cyclorama of the battle of Mission Ridge gave way before the blast and is a complete wreck. The Philadelphia Record has a dispatch from St. John's, N. F., which says advices have been received from Labrador of serious trouble in Lieutenant Peary's expedition-trouble so great. indeed, that the trip is likely to prove a failure. N. W. Murphy. the missing manager of the Atlanta (Ga.) Provision Company. against whom are charges of making away with money of the concern, surprised everybody by putting in an appearance at Atlanta yesterday and surrendering to the Sheriff. During a thunder-storm yesterday John Carter, a colored fireman employed at the Navassa Guano Company's factory. a few miles above Wilmington, N. C., climbed a tree near the factory for the purpose of securing honey made by a swarm of wild bees in a hollow limb. Lightning struck the tree and Carter was killed. The First National Bank. of East Portland, Ore., failed to open its doors yesterday morning. The officers of the bank say the suspension is temporary. The First National Bank of The Dalles, Ore., closed its doors yesterday. the suspension being due to closing of the Commercial National Bank of Portland. George Dole Wadley, general superintendent of the Central railroad of Georgia, has resigned and his resignation has been accepted. T.D. Kline, tormerly superintendent of the Southwestern railway and lately general manager of the Mexican National railway, was appointed to succeed him. Wadley's resignation was due to differences with Judge Spear, of the United States Court. Officer James A. Harvey. of the detec. tive force of Syracuse, N. Y., was shot by George A. Barnes on Water street within a few feet of a station-house at 10 o'clock yesterday morning. He was about to arrest Barnes, when the latter pulled a revolver and fired, killing Harvey. the latter's death being instantaneous. Barnes ran, but was arrested within a few blocks of the scene of the tragedy.


Article from San Antonio Daily Light, August 1, 1893

Click image to open full size in new tab

Article Text

An Ohio Bank Gone. UPPER SANDUSKY, O., Aug. 1.The Wyandotte County bank of this place has suspended payment. The matter caused but little excitement, as the impression is that the bank is thoroughly solvent. Its suspension being caused by lack of confidence by depositors and impossibility of converting its paper into ready cash. The liabilities are about $700,000, while the assets are about $1,000,000. Dr. R. N. McCannell and J. R. Layton, have been appointed receivers.


Article from New-York Tribune, August 1, 1893

Click image to open full size in new tab

Article Text

BANKS STILL CRASHING. MORE FAILURES REPORTED FROM THE WEST. FOUR SUSPENSIONS IN OREGON AND OTHERS IN OHIO, WISCONSIN, IOWA AND MISSOURI. Upper Sandusky, Ohio, July 31.--The Wyandotte County Bank went into the hands of a receiver this morning. The bank officials say that the assets are sufficient to pay depositors three times over. Heavy runs last week among farmers caused the suspension. John B. Layton and Dr. R. N. McConnell were ap pointed as receivers. Akron, Ohio, July 31.-The Akron Savings Bank did not open this morning for business. William Buchtel, president of the bank, has been appointed requiver. The capital stock is $200,000, with a reserve fund of $50,000, and undivided profits of $18,000. The bank will pay dollar for dollar. Hornellsville, N. Y., July 31.-The private banking house of N. M. Crane & Co. closed its doors this morning. The value of the assets is stated to equal the liabilities. Milwaukee, July 31.-A dispatch from Ashland, Wis., says: The First National Bank of Ashland failed to open its doors this morning. There has been a steady draw on the bank's deposit for a month. Its resources, according to the statement filed July 15, were $306,488. Dr. Edwin Ellis is president, and exGovernor Samuel S. Fifield, vice-president. The other banks are experiencing runs In consequence of the First National's failure. Cedar Rapids, Iowa, July 31.-A. Daniels & Cb., private bankers at Marion, made an assignment to C. H. Kurtz. The property is valued at $200,000. Springfield, Mo., July 31.-The Springfield Savings Bank, with a capital of $25,000 and deposits of about $100,000, made an assignment this morning. The bank is solvent and will pay in full. Portland, Ore., July 31.-The First National Bank of East Portland failed to open its doors this morning. The officers of the bank say the suspension is temporary. A statement published on July 12 shows the resources of the bank to be $325,000; deposits, $150,000. The Commercial Bank of Cottage Grove failed this morning. The Dalles, Ore., July 31.-The First National Bank closed its doors this morning. The suspension is due to the closing of the Commercial National Bank, of Portland. Pendleton, Ore., July 31.-The Pendleton Savings Bank has temporarily suspended. R. T. Cox has been appointed receiver. Assets, $250,000; liabilities, $135,000. Helena, Mont., July 31.-The Park National Bank. of Livingston, closed this morning. No statement is given. Indianapolis, July 31 (Special).-The investigation of the condition of the suspended Indianapolis National bank by Hugh Young, special examiner. is developing a bad state of affairs. It was reported to-day that President Hanghey was a borrower from the bank in excess of the 10 per cent of the capital stock allowed by law, and that factories in which officers of the bank are interested nad secured sums on loans in excess of the amount allowed by law. Mr. Hanghey saw representatives of the newspapers to-day for the first time since the bank suspendel, and he denies that he has violated the National banking laws.


Article from The Sun, August 1, 1893

Click image to open full size in new tab

Article Text

MORE BANKS FAIL. Three In Oregon, One In Ashland, Wis., and One In Oblo. PORTLAND. Or., July 31.--The First National Bank of East Portland failed to open its doors this morning. The officers of the bank say the suspension is temporary. A statement published on July 12 shows the resources of the bank to be $325,000: deposits. $150,000. The Commercial Bank of Cottage Grove also failed this morning. THE DALLES, Or., July 21.-The First Na-. tional Bank closed its doors this morning The suspension is due to the closing of the Commercial National Bank of Portland. ASHLAND. Wis., July 31.-The First National Bank of Ashland failed to open its doors this morning. There has been a steady draw on the bank's deposits for a month past. Its resources. according to the statement filed on July 15. were $395,488. Dr. Edwin Ellis is President and ex-Gov. Sam S. Fitfield VicePresident. The other banks are experiencing runs failure. in consequence of the First National UPPER SANDUSKY, O., July 31.-The Wyandotte County Bank went into the hands of receivers this morning. The bank officials BiLLY the assets are sufficient to pay depositors three times over. Heavy runs last week among farmers caused the suspension. John R. Layton and Dr. H. N. McConnell were appointed receivers. No detailed statement has been given out yet.


Article from The Madison Daily Leader, August 1, 1893

Click image to open full size in new tab

Article Text

BANK FAILURES. The Commercial bank of Cottage Grove, Or., has failed. The Akron, O., Savings bank has suspended. The suspension was caused by the closing of the Citizens' bank Saturday. The Wyandotte County bank at Upper Sandusky, O., has gone into the hands of receivers. The bank officials claim the assets are sufficient to pay depositors three times over.


Article from The Waco Evening News, August 1, 1893

Click image to open full size in new tab

Article Text

Bank Failures. By Associated Press to The News. UPPER SANDUSKY, Ohio July 1.R The Wyandotte County bank, this place, has suspended payment The matter created but little excite ment, as the general impression that the bank is thoroughly solvent its suspension being brought about by a lack of confidence by deposit tors and the impossibility of cor verting its paper into ready cash The liabilities are about $70,000, while the assets are about $100,000 Dr. R. N. McConnell and J. R Layton have been appointed N ceivers.


Article from Evening Star, August 1, 1893

Click image to open full size in new tab

Article Text

Failed to Open. The First National Bank of Ashland, Wis., failed to open its doors yesterday morning. There has been a steady draw on the bank's deposits for a month past. Its resources according to the statement filed July 15 were $396,488. Dr. Edwin Ellis is president and ex-Governor Samuel Field vice president. The other banks experienced runs in consequence of the First National failure. The Wyandotte County Bank at Upper Sandusky went into the hands of receivers yesterday morning. The bank officials claim the assets are sufficient to pay depositors three times over. Heavy runs last week among the farmers caused the suspension. John R. Layton and Dr. R. N. Cornell were appointed as receivers. No detailed statement has been given out yet.


Article from The Salt Lake Herald, August 2, 1893

Click image to open full size in new tab

Article Text

TELEGRAPHIC BREVITIES. The cruiser New York was put in commission yesterday. The Seven Corners, Minnesota State bank, with a capital of $100,000, has failed. William Hunt has been appointed postmaster at Clearmont, Wyo., vice Stone, resigned. The Wyandotte County bank at Upper Sandusky, 0., has suspended. Assets, $100,000; liabilities, $75,000. A receiver has been appointed for the Philadelphia Packing and Provision company. No statement, but the failure is a large one. A receiver has been appointed for the Demme & Dierkes Furniture company of Chicago, with assets of $400,000 and liabilities of $120,000. The officers and directors of all the savings banks at Cleveland, 0., have decided to require of depositors notice before withdrawal of funds. At a meeting of the presidents of the Omaha savings banks this morning, they resolved to require sixty days' notice for the withdrawal of deposits. An order has been issued at the war department detaching Captain Carpenter and troops under his command from further duty at Puyallup Indian reservation. Patents were issued yesterday to John M. Browning, of Ogden, for a breechloading gun; to Lyman E. Baldwin, of Lander, Wyo., for a stovepipe attachment. The Safe Depositor & Trust company of Denver assigned last evening. Assets $400,000, liabilities $100,000. Eastern creditors caused the assignment by pushing the concern. At Utica, o., Monday night, John Cattle, two men named Bell, two others named Bowers and Skillen, were killed and Joseph Ship fatally injured by the explosion of a threshing machine.


Article from New Ulm Review, August 2, 1893

Click image to open full size in new tab

Article Text

BANK FAILURES. The Commercial bank of Cottage Grove, Or., has failed. The Akron, O., Savings bank has suspended. The suspension was caused by the closing of the Citizens' bank Saturday. The Wyandotte County bank at Upper Sandusky, O., has gone into the hands of receivers. The bank officials claim the assets are sufficient to pay depositors three times over.


Article from New Ulm Review, August 2, 1893

Click image to open full size in new tab

Article Text

BANK FAILURES. The Commercial bank of Cottage Grove, Or., has failed. The Akron, O., Savings bank has suspended. The suspension was caused by the closing of the Citizens' bank Saturday. The Wyandofte County bank at Upper Sandusky, O., has gone into the hands of receivers. The bank officials claim the assets are sufficient to pay depositors three times over.


Article from The Austin Weekly Statesman, August 3, 1893

Click image to open full size in new tab

Article Text

ing of the presidents of the savings banks it has been decided to require 60 days notice for withdrawal of deposits. WYANDOTTE COUNTY BANK SUSPENDS. UPPER SANDUSKY, O., Aug. 1.-The Wyandotte County Bank of this place has suspended payment. The matter created but little excitement as the general impression is that the bank is thoroughly solvent, its suspension being brought about by lack of confidence by depositors and impossibility of converting its paper into ready cash. Liabilities are about $70,000, while assets are about $100,000. Dr. R. N. McConnell and J. R. Layton have been appointed receivers. A ST. PAUL BANK COLLAPSES. ST. PAUL, Aug. 1.-The Seven Corners bank of this city, a state institution with $100,000 capital, assigned this afternoon.


Article from Baxter Springs News, August 5, 1893

Click image to open full size in new tab

Article Text

THE Utes will soon be compelled to vacate their reservation in Colorado and will be sent to Utah. SECRETARY HOKE SMITH was hanged in effigy at Rome, O., because of the suspension of a pensioner. EXHIBITORS have presented their grievances to the management of the world's fair. THE McNeil & Urban safe & Lock Co., one of the oldest safe firms in the country, have assigned to Howard Douglass, of Cincinnati. The assets are $160,000; liabilities unknown. The firm has been unfortunate in several large contracts. ONE of the most daring robberies ever attempted in Chicago, was committed at the residence of Mrs. R. Ammon in broad daylight. The thieves.after binding and gagging Mrs. Ammon, succeeded in robbing her of diamonds and a gold watch, the whole value being $2,000, and made good their escape. THERE was a run on the banks at Ashland, Wis., caused by the failure of the First national bank of that city. THE Chicago banks are buying up exchange for the purpose of importing gold on local account. MRS. LUCILLE RODNEY, of Galveston, Tex., who has been tramping from Dallas to Chicago since May 16, arrived at Chicago on the 31st, a day ahead of time. She is supposed to have won $5,000. THE Akron, O., savings bank has failed. BOOMERS are allowed to cross the strip on the wagon roads. They must not, however, hunt up corner stones. A FARMER named Langevin had his house burned down near Olga, N. D., while lighting a fire with kerosene. Two children were burned to death. A RIOT, caused by a delay in payment of wages, was reported at the mining town of Virginia, Minn. NON-UNION workmen were assaulted and beaten by lumber shovers at Ashland. Wis., after a desperate encounter with the police. WILLIAM NONEMACHER. a farmer living near Antigo, Wis., killed his wife and three children and made an unsuccessful attempt to end his own life. THE third trial of M. B. Curtis, the actor. for murder has commenced at San Francisco. THE attorney-general of Colorado has rendered an opinion that the state legislature can take action establishing bullion depositories and issuing certificates thereon which shall be legal tender in the state. JOSEPH DEBOGUE. who is insane over a pump of his own invention, has been brought back to the hospital for the insane at Jacksonville, III., from Orange, N.J. THE Cudahy corner in pork and lard collapsed at Chicago on the 1st. Six prominent firms, including John Cudahy, went down in the wreck. THE Journal, of Mianeapolis, Minn., says that Mgr. Satolli is resolved upon humbling Archbishop Corrigan, of New York. AT Utica. O., John Tattle, two men named Bell. a Mr. Bowers and Mr. Skillen were killed and Joseph Shippen was fatally injured by the explosion of the boiler of a threshing machine. THE Seven Corners bank, of St. Paul, Minn., has assigned. THE Wyandotte county bank, of Upper Sandusky, O., has closed its doors. THE national silver convention met as arranged at Chicago on the 1st. FIVE section men on a hand car on the Vandalia railroad were held up by a single masked man and robbed of nearly $150. THE First national bank of Kendallville, Ind., which suspended payment June 22, has been permitted to reopen its doors for business. THE fine steamboat owned by Capt. A. T. L. Armstrong, of Nashville, Tenn., was burned at New Albany, Ind. Loss. $80,000. THE Milwaukee & St. Paul earnings for June make a most satisfactory showing.