Second National Bank (Jefferson, OH)

Episode Information

Episode UID
202600996
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
20260 national
Charter Number
2026
Start Date
December 20, 1882
Location
Jefferson, Ohio (41.738, -80.769)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7b1d6f464025817d

Response Measures

None

Description

Stockholders voted to go into voluntary liquidation a few days after the suspension.

Events (4)

1. August 12, 1872 Chartered
Source
historical_nic
2. December 20, 1882 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Large defalcations by cashier S. J. Fuller (and assistant cashier H. L. St. John) from speculating using bank funds, estimated $50,000–$75,000.
Newspaper Excerpt
this community is much excited over the defalcations of S. J. Fuller and H. L. St. John, the cashier and assistant cashier of the Second National Bank, and the suspension of the bank pending an investigation.
Source
newspapers
3. December 26, 1882 Other
Newspaper Excerpt
the stockholders of the Second National Bank at Jefferson met and voted to go into voluntary liquidation in consequence of the defalcation of the cashier and assistant cashier.
Source
newspapers
4. December 26, 1882 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (13)

Article from Lancaster Daily Intelligencer, December 20, 1882

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Article Text

SECOND EDITIO N. WEDNESDAY EVENING DEC, 20, 1882. GONE WRONG AGAIN. A BANK PRESIDENT'S BIG STEALINGS, He Speculates in on and Stocks and Robe the Depositors of $500,000-An Oh!o Cashier's Downfall. NEW YORK, Dec. 20.-A Rochester, N. Y., dispatch says the City bank rated the third strongest in the city closed its doors this mornging. There is said to be a deficiency amounting to half a million of dollars. The cause of the suspension is said to be speculation in stocks and oil by the president, Chas. E. Upton. Great excitement prevails. The amount of deposits is stated at $500,000 and the amount of paper held by the bank at $800,000. Upton was treas. urer of the Western New York Episcopal diocese and had its funds in the bank. The savings bank of the city had large sums as deposit in the bank. Also an Ohio Cashier. CHICAGO, Dec. 20.-A dispatch from Jefferson, O., states that the community there is much excited over the defalcations of S. J. Fuller and H. L. St. John, the cashier and assistant cashier of the Second national band, and the suspicion of the bank pending an investigation. Fuller has tied. He has been speculating and used from $50,000 to $75,000 of the bank's funds. St. John, on learning the crime was discovered, had a stroke of paralysis The depositors are not likely to lose their money. the stockholders being liable for $200,000, which is far more than the average amount of de posits.


Article from Evening Star, December 20, 1882

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Article Text

CHICAGO, Dec. 20.-A dispatch from Jefferson, Ohio, states that the community there is much excited over the defalcations of S. J. Fuller, and H. L. St. John, the cashier and the assistant cashier of the Second National Bank, and the suspension of the bank pending an investigation. Fuller has fied. He has been speciality. and used $50,000 to $75,000 of the bank's funds. . St John on learning that the crime was discovered. had a stroke of paralysis. The depositors are not. likely to lose their money, the stockholder being liable for $200,000, which is far more than the average amount of deposits.


Article from The Portland Daily Press, December 21, 1882

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DEFALCATION Cashier and Assistant Cashier of an Ohio Bank $50,000 Short. JEFFERSON, O., Dec. 20.-This community is excited over the defalcation of S. J. Fuller and H. L. St. John, cashier and assistant cashier of the Second Natio al Bank, and the suspension of the bank pending investigation. Fuller has fled, He has been speculating and used $50,000 to $25,000 of the bank's funds. St. John, on learning that the crime was discovered, had a stroke of paraly sis. The depositors are not likely to lose their money, the stockholders being liable for $200,000, more than the average of deposits.


Article from New-York Tribune, December 21, 1882

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Article Text

AN OHIO BANK SUSPENDS. JEFFERSON, Ohio, Dec. 20.-There is much excitement here over the defalcations of 8. J. Fuller and H. L. st. John, the cashier and the assistant cashier of the Second National Bank, and the suspension of the bank pending an investigation. Fuller has fled. He had been speculating, and used $50,000 to $75,000 of the bank's funds. St. John, on learning that the crime was discovered, had a stroku of paralysis. The depositors are not likely to lose their money, the stockholders being liable for $200,000, which is fur more than the average amount of deposits.


Article from New-York Tribune, December 21, 1882

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SUSPENSION OF BANKS. HEAVY DEFALCATION IN ROCHESTER. c. E. UPTON, PRESIDENT OF THE CITY BANK. USES THE BANK'S MONEY TO SPECULATE IN OIL-THE RESULIS-DEFALCATION AND SUSPENSION IN OHIO. The City Bank of Rochester, N. Y., closed its doers yesterday, that action having been compelied by the misappropriation of several hundreds of thousands of dollars of the bank's money by the president, C. E. Upton. who used it to speculate in oil. The amount of deposits in the bank is stated to be $500,000, and the amount of paper held by the bank to be $800,000. The story of Mr. Upton's wrongdoing is told by one of the directors. One of the first results of the failure in Rochester was the suspension of the Will'am C. Moore Banking House in Victor, N. Y. The Second National Bank of Jefferson, Ohio, has suspended, because of the defalcations of the cashier and assistant cashier.


Article from Memphis Daily Appeal, December 21, 1882

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Article Text

BROKEN BANKS. Two Strong Institutions Rained by the Specilatious of Their Officers. JEFFERSON, O., December 20.-This community is excited over the speculation of J. Fuller and H. L. St. John, cashier and assistant cashier of the Second National Bank, and the suspension of the bank pending an investigation. Fuller has fled. He had been speculating, and used $50,000 to $75,000 of the bank funds. St. John, on learning that his crime was discovered, had a stroke of paralysis. The depositors are not likely to lose any money, the stockholders being liable for $200,000, being far more than the average deposits.


Article from Morning Appeal, December 22, 1882

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Another Good Man Gone. JEFFERSON, O., Dec. 21.--The community is excited over the defalcations of J. Faller and H. L. St. John, cashier and assistant cashier of the Second National Bank, and the suspension of the bank pending an investigation. Fuller has fled. He had been speculating and used from $50,000 to $75,000 of the bank's funds. St. John, on learning that the crime was discovered, had a stroke of paralysis. The depositor3 are not likely to lose any money, the stockholders being liable for $200,000, which is far more than the average deposits.


Article from The Stark County Democrat, December 23, 1882

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Article Text

A NATIONAL BANK SUSPENDS. JEFFERSON, O., Dec. 30.-The second National Bank of this place suspended yesterday. The cashier, St. John, is sick, and the assistant cashier, Fuller, has disappeared. The accounts are in confusion. Speculation is at the bottom of the trouble. It is not believed the depositors will lose anything.


Article from The Salt Lake Herald, December 27, 1882

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Miscellaneous. Rochester, 26.—President Atkinson, of the Commercial Bank, has been appointed receiver of the City Bank, Rochester. Wm. M. Evarts has accepted an invitation of the joint committee of Congress on the Newburgh, N. Y., centennial, to deliver the oration. Indianapolis, 26.—The democratic committee of the Ninth Congressional District has nominated Judge Ward congressman-elect to fill the vacancy occasioned by the death of G. S. Orth. Cincinnati, O., 26.—The differences between the manufacturers and employes in the shoe trade, with reference to the schedule of wages for six months, ending June 20th next, is amicably adjusted by arbitration. East Liverpool, O., 26.—Owing to the disturbed condition of affairs growing out of the potters strike, the mayor has issued a proclamation that all persons assembling on the streets or highways, or unlawfully congregating in buildings, or insulting citizens pursuing their work will be arrested and dealt with. Extra policemen are sworn in. New York, 26.—The committee on grain, of the produce exchange, gave a decision upon the points in controversy between Lane & Son and Husted & Hazeltine, on the issue arising out of the late corner in grain. The decision states that the deliveries were made in accordance with the rules of the produce exchange, and that Husted & Hazeltine must pay Lane the full amount of the claim, $17,336, with interest from Nov. 29th, 1882, and that the charges of fraud and conspiracy against Lane & Son have not been sustained. Boston, 26.—It having been reported that the California Southern railroad will be operated in connection with the Atchison, Topeka and Santa Fe road, the latter company states that the report is not correct. Philadelphia, 26.—The suspension of Heidel, London, stock-broker, is announced. Liabilities not heavy. Toronto, 26.—Patterson Bros., wholesale millinery, have made an assignment. Liabilities are said to be large. New York, 26.—The match game of rackets for the championship of the world and $500, between Joseph Gray, English champion, and Henry Bookes, champion of America, was won by Gray. Montgomery, Ala., 26—All quiet at Opelika. The sheriff has a force sufficient to maintain order and sustain the commissioners. Montreal, 26.—A local paper asserts that Vanderbilt has taken an interest in the Canadian Pacific railroad. The boot and shoe factories are all at work again. Washington, 26.—The president has issued an executive order setting apart certain lands in Dakota Territory for the settlement of a band of Chippewa Indians and such other Indians of Chippewa tribe as the secretary of the interior may see fit to settle thereon. Savannah, Ga., 26.—A fire in Wellman's warehouse damaged 800 bales of cotton about 40 per cent. New York, 26.—At a meeting of the creditors of J. A. and W. H. Sweeney, suspended bankers, Jas. A. promised that every cent due should be paid. North Adams, Mass., 26.—At Hartwellville, to-day, while Fred Williams and Marshall Mason were looking at an engine, an explosion took place. They were instantly killed, the bodies being horribly mangled. Thirty tons of rock were removed; a thirty pound rock with the body of the boy were lifted into the air and carried four rods. Hartford, Ct., 26.—A meeting of about 400 tobacco growers of Connecticut and Massachusetts was held here and organized the New England association for mutual benefit and protection. Speeches were made favoring higher duty on Sumatra tobacco, which is seriously injuring the New England growers of cigar wrappers. Chairman Phelps favored a tax of $1 a pound on foreign tobacco, with rebate or fillers, the aim being to shut out foreign wrappers. The resolution was finally adopted, asking Congress to place $1 a pound on all foreign tobacco imported into this country except the tobacco raised in or shipped from Cuba, and urging Congress to take such action as will either relieve our tobacco-growing industry from the burden of the tax entirely, or so reduce it, as in the judgment of Congress may best appear. The convention lacked harmony. Bellaire, Ohio, 26.—The republicans of the seventeenth congressional district have nominated Colonel J. D. Taylor, of Cambridge for the vacancy in Congress caused by the death of J. D. Updegraff. Cleveland, O., 26.—A special announces that the stockholders of the Second National Bank at Jefferson met and voted to go into voluntary liquidation in consequence of the defalcation of the cashier and assistant cashier. Depositors are to be paid in full, and the stockholders will receive about 50 per cent. on their stock. This indicates a defa


Article from The Democratic Press, December 28, 1882

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A Bank Suspended. CLEVELAND, O., December 19 - -Jefferson, the county seat of Ashtabula County, is wildl yexcited over the suspension of the Second National Bank of Jefferson, caused by reported defalcations of S, T. Fuller and H. L. St. John, cashier and assistant cashier, amounting to $50,000 or $75,000, the exact amount not yet having been ascertained A quiet meeting of the Directors was held yesterday, which resulted in a determination to close the bank temporarily, pending the in vestigation into its condition. Fuller and St. John have been speculating in stocks, and used the bank funds when their own were lost, to cover shortage, but ou account of continual losses the bank's money was alSO lost.


Article from Wood County Reporter, December 28, 1882

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The community at Jefferson, Ohio, are excited over the defalcation of S. J. Fuller and H. L. St. John, cashier and assistant cashier of the Second National Bank, and the suspension of the bank pending investigation. Fuller has fled. He has been speculating and used $50,000 to $75,000 of the bank's funds St. John on learning that the crime was discovered, had a stroke of paralysis. The depositors will not lose any money, the stockholders being liable for $20,000, being far more than the average deposits.


Article from The Bee, December 30, 1882

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The Second National Bank of Jefferson, Ohio, has suspended on account of a loss of funds through the speculation of S. J. Fuller, cashier, and H. L. St. John, assistant cashier. Fuller has disappeared and St. John has been stricken with paralysis.


Article from Yorkville Enquirer, January 4, 1883

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MERE-MENTION. Considerable alarm is felt in Hope, Arkansas, in regard to the reported uprising of the blacks, who, it is alleged, have made threats to burn the town. The streets are patrolled The Dickson and by a sheriff's posse. Star-route trials are still dragging their slow Edward length along in Washington. Knowlten and Charles Stiles, aged respectively 11 and 8 years, of Wallingford, Conn., confessed on being arrested last Friday afternoon, that it was they who attempted to wreck a passenger train a day or two before, being to do SO because an them prompted road had driven off the track. employé of Dur- the ing the present year $300,000,000 have been invested in the building of railroads in this The second National Bank of country. Jefferson, Ohio, has gone into liquidation, in consequence of the defaulting of the cashier, Two brothers, who has also absconded. named Bullard, were killed last Thursday, at Lebanon, Ala., by two brothers named Jacomy. On ThursAll were men of prominence. last five colored persons were at day drowned Fort Barrington, twelve miles above Darien, Ga. The boat they were in capsized and there was no help available. Chicago has erected, in the year just drawing to a close, fourteen miles of new buildings which cost twenty millions of dollars. It is a marvelous city Gen Newthat can show such a record. ton M. Curtis, convicted in New York of vioStates assessments from ting lation of the United office-holders Statutes for in collec- political purposes, appeared in court on the 20th, and paid the fine of $1,000. The Court directed the entry of an order discharging the genThe Judge of the Coreral from custody. poration Court of Norfolk, Va., has decided that the Dismal Swamp Canal Company has the right by virtue of a provision of its charter to hold one or more lotteries to raise monfor the of extending aud improvbet ween the waters ey ing navigation purpose of North Car- The olina and Virginia through its canal. director of the mint says that all the silver dollars at the New Orleans mint on the 1st of July last, amounting to $4,742,995, have been shipped to various points in the South, and all but of the coined at the same that quently $800,000 $3,000,000 mint have subse- been The City shipped to Southern cities. Bank of Rochester, "NFY, rated third strongest in the city, has failed with a rumored deficiency of $500,000. The cause of suspension is said to be speculation in stocks and oil by the President, Charles E. Upton. Great exGovernor Stephens, of citement prevails. Georgia, has pardoned forty penitentiary conThe snow of victs since his inauguration. last Friday fell to the depth of eight inches in Vanderbilt has effected a conRichmond. several Western roads and will a line to solidation have through of Cincinnati and St. Louis in opposition to the Pennsylvania road. The day train between Richmond Reand Charlotte is to be discontinued. cent floods in the German rivers have been very destructive to life and property. About The tifty persons are reported drowned. money power at the top and the liquor power at the bottom," according to Mr. Beecher, are the two great evils which this Government The heaviest has to contend with. snow fall recorded in this country occurred in February, 1717. It began to fall on 19th day of February and continued without interruption five days. MASSACHUSETTS VS. SOUTH CAROLINA.States Consta