Bank of Waverly (Waverly, IL)

Episode Information

Episode UID
1914818391184
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
private
Bank ID
191481839 hash
Start Date
August 11, 1898
Location
Waverly, Illinois (39.592, -89.953)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6e4c5a56fa875173

Response Measures

None

Description

Reports state the concern was an unlimited partnership and owners surrendered property; assignee appointed and no reopening planned.

Events (3)

1. August 11, 1898 Run
Cause
Rumor Or Misinformation
Cause Details
A quiet run began among heavy depositors for an unaccountable reason, suggesting localized rumor-driven withdrawals.
Newspaper Excerpt
The Bank of Waverly... closed its doors as a result of a quiet run started last evening for some unaccountable reason among some of the heaviest depositors.
Source
newspapers
2. August 11, 1898 Suspension
Cause
Rumor Or Misinformation
Cause Details
Bank suspended payment due to inability to procure funds to meet heavy demands, following withdrawals that began the prior evening.
Newspaper Excerpt
The doors of the Bank of Waverly, Albert Roohrer president, failed to open to-day. A placard announced that the bank was compelled to suspend payment because of inability to procure enough funds to meet the demands upon it.
Source
newspapers
3. August 13, 1898 Receivership
Newspaper Excerpt
A. W. Ragel was appointed assignee for the Bank of Waverly, which suspended yesterday. No effort will be made to reopen the bank.
Source
newspapers

Newspaper Articles (19)

Article from The Indianapolis Journal, August 12, 1898

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Illinois Bank Closed. WAVERLY, Ill., Aug. 11.-The doors of the Bank of Waverly, Albert Roohrer president, failed to open to-day. A placard announced that the bank was compelled to suspend payment because of inability to procure enough funds to meet the demands upon it. The directors consider themselves able to pull through. The concern is an unlimited partnership and the owners are estimated to be worth about $500,000. The bank's liabilities are estimated at from $100,000 to $200,000.


Article from Alexandria Gazette, August 12, 1898

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TELEGRAPHIC BREVITIES At to-day's session of the Catholic Total Abstinence Union, in Boston, the following officers were elected Bishop Tierney, of Hartford, president, J. W. Logue, of Philadelphia, and Judge W. J. Gibbons, of Chicago, vice presidents Rev. D. P. McGillicuddy, of Spring. field, Mass., treasurer and Rev. A.P. Doyle, of New York, secretary. A storm was created in political cir cles in Newark, N. J., to-day over the discovery that the new election law passed at the last session of the legislatures provides for the acceptance of the soldiers' vote from the field only "in time of war." The probability of an immediate cessation of hostilities means that no state of war will exist on election day and unless the New Jersey regiments are discharged prior to the date it is estimated that about 6,000 voters would lose their right of franchise. In New Jersey 6,000 votes cast either way might decide the State election inasmuch as the net republican plurality in the State last fall was only 258. The Bank of Waverly. one of the oldest and supposed to be the most substantial finan. cial institution of Waverley, III closed its doors as a result of a quiet run started last evening for some unaccountable reason among some of the herviest depositors. The headless body of a woman WAS washed ashore at Falisbury Beach, Mass. late yester day afterncon. She was apparently twenty years old. It is thought the body is that of one of the victims of the cyclone at Hampter Beach July 4th. Edward J. Gaynor, of Pottsville, P a road contractor of national reputation. was run over and killed yesterday by a locomotive at Kemmerer, Wyoming, where be was driving a turnel on a branch of the Union Pacific. A fatal accident occurred yesterday near McClure, Ill. A number of Italians were us. loading steel rails and overbalanced a est load which was thrown upon them, killing three men and injuring six others. A Santiago special says it is reported that Garcia has suspended operations for thirty days and given his men permission to go home. with instructions to report to him the end of that period.


Article from New-York Tribune, August 14, 1898

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FAILURE OF AN ILLINOIS BANK. Springfield, III., Aug. 13.-A. W. Ragel was appointed assignee for the Bank of Waverly, which suspended yesterday. No effort will be made to reopen the bank. Cashier Hutchinson says a large dividend will be paid at an early date, and that the individual partners have surrendered all their property. The liabilities are about $250,000, and the assets are double that amount.


Article from Rock Island Argus, August 15, 1898

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ABBREVIATED TELEGRAMS. The aggregate attendance at the Omaha exposition during the week was 90,000. The total cost of the war to the United States is expected to aggregate $150,000,000. There is an epidemic of suicide in the German army, due to the brutality of officers. Mr. and Mrs. Wilson and two children were poisoned at Arcola, Ills., by eating home-made ice cream. Word has gone out to Kansas farmers to hold their wheat, from what source no one seems to know. Ludovic Halevy, the French dramatic author and romancer, is lying at the point of death at Paris. "Father" Bill Daly, the well-known horseman, was badly injured last night in a runaway accident at Sheepshead Bay. Mrs. Delilah Cromwell, the oldest woman in Nebraska, is dead at her home near Table Rock. She was about 110 years old. The Democratic state committee met at the Grand Union hotel, New York, and referred silver resolutions to the state convention. Jimmy Barry, world's champion at 105 pounds, and Johnnie Ritchie, of Chicago, boxed six rounds at Chicago, the decision being a draw. The managers of the Omaha exposition announce that a. grand peace jubilee will be held on the exposition grounds the week of Oct. 10 to 17. As the result of the suspension of the Bank of Waverly, Il's., Christopher & Sons, hardware dealers of that place, closed their doors Saturday. Jack Reynolds, a negro, died at Knoxville, Tenn., at the age of 108. His wife died last Monday. aged 105. They had been living together for eighty years. A dispatch has been received from General Shafter stating that W. C. Percival, company F, Thirty-third Michigan, who was reported dead, is convalescing at Siboney.


Article from The True Northerner, August 17, 1898

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Closed Its Doors. Waverly, Ill., Aug 12.-The doors of the Bank of Waverly, Albert Roohrer, president, failed to open yesterday morning. The bank was compelled to suspend payment because of inability to procure enough funds to meet demands. The bank is an unlimited partnership concern, and the owners are estimated to be worth about $500,000. The bank's liabilities are all the way from $100,000 to $200,000.


Article from The Worthington Advance, August 18, 1898

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Their Funds Tied Up. Springfield, III., Aug. 15.-As the result of the suspension of the Bank of Waverly several firms at Waverly may be financially embarrassed, as all of them, except five, made their deposits of funds with that bank. Christopher & Co. being unable to pay their employes, their funds being tied up in the bank, many of the latter quit work.


Article from Griggs Courier, August 18, 1898

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Closed Its Doors. Waverly, Ill.. Aug. 12.-The doors of the Bank of Waverly, Albert Roohrer, president, failed to open yesterday morning. The bank was compelled to suspend payment because of inability to procure enough funds to meet demands. The bank is an unlimited partnership concern, and the owners are estimated to be worth about $500,000. The bank's liabilities are all the way from $100,000 to $200,000.


Article from Hot Springs Weekly Star, August 19, 1898

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Illinois Bank Fails. The doors of the bank of Waverly, III.. Albert Boohrer president, failed to open Saturday morning. On the frout window was posted a placard announcing that the bank was compelled to suspend payment because of inability to procure enough funds to meet the demands upon the bank The bank's liabilities are all the way from $100,000 to $200,000.


Article from Marshall County Independent, August 19, 1898

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ILLINOIS BANK FAILS. Institution at Waverly Compelled to Suspend. The Bank of Waverly, III.. has been compelled to suspend payment. The bank is an unlimited partnership and the owners are estimated to be worth $500,000. The liabilities are all the way from $100,000 to $200,000.


Article from The Indianapolis Journal, November 2, 1898

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TELEGRAPHIC BREVITIES. The thirty-second annual convention of the American Institute of Architects is in session at Washington. The Commercial Hotel, City livery stable and a saloon at Oklahoma City, O. T., burned early yesterday. The guests had time to escape from the hotel. Frank B. Leefe, convicted with J. B. Wolfson of wrecking the Union National Bank of New Orleans, died in the parish prison in that city yesterday. The agent of W. O. B. MacDonough, owner of Ormonde, states that the Duke of Westminster's offer of $50,000 for that famous race horse has been declined. The affairs of the First National Bank of Lisbon, O., look more promising. It is now definitely determined that the snortage of Childs, the missing cashier, will not exceed $40,000. Depositors will be paid in full. R. T. Howell, an insurance agent of Bridgeport, O., was arrested at Wheeling yesterday at the instance of the West Virginia state auditor for issuing fire insurance policies of companies not authorized to do business in that State. Detective McVey, of Delaware, who is in California representing his State in the Botkin poisoning case, has engaged attorneys to look after the legal side of the case and an endeavor will be made to have the case carried to the Federal Court for settlement. The discovery has been made at Port Townsend, Wash., that some miscreant has defaced the two fifty-four-ton guns that are waiting to be placed in position at Marrowstone point by cutting names on the stem barrels with soap and acid. Suspicion rests on discharged workmen. Lambert Wilt, the absconding controller of the Bunglau Savings Bank, Bohemia, with his wife and aunt, were taken to Chicago yesterday from St. Louis, where they were arrested Monday night. They will be held in Chicago as prisoners to await instructions from Bohemia. In the United States Circuit Court at Springfield, III., yesterday, George Caruthers, William A. Sims and William T. Cox. of Waverly, filed a petition to have the bank of Waverly, at Waverly, III., adjudged bankrupt. The defendant made a general assignment Aug. 11. The liabilities are $300,000, with assets unknown. While hunting with four companions, near Irwin, Pa., Joe Boleti, an Italian coal miner, accidently discharged his weapon and some of the shot entered the body of John Macholi, another of the party. The accident frightened Boleti and he started to run, when without a word, Macholi raised his gun and shot him through the heart. The murderer is at large. Judge Thayer, of the United States Court of Appeals at St. Paul, yesterday reversed the decision in favor of the defendants, rendered by the lower court, in the case of the government against the Pine River Logging and Improvement Company, involving $487,000 worth of lumber alleged to have been wrongfully cut and removed from Indian reservations. John Hubbard and William Lamont, who are serving time in the Michigan State House of Correction, confided to three fellow-prisoners that a year ago last September they murdered and robbed Ludwig Herman, a veteran soldier, They will be held and tried for the crime, which has hitherto been a mystery, When visited by officers Hubbard and Lamont dented having made such a confession.


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.


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.


Article from Twice-A-Week Plain Dealer, January 3, 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 Catastrophes and Crimes-Necrology of Year - Politics and Sport. BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 24-National, Paola, Kan., suspended. 81-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 $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. 16-First national, of Emporia, Kan., closed. President suicides an hour later. 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.


Article from The Iola Register, January 6, 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, 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, la. 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. 7-Fillmore county, Preston, Minn., $156,000 Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forgo, 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., Habil German national of Fitts ties $103,000 burgh, Pain 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., sus pends, 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., clease doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation.


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.


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.


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.


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.


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.