gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
15d89065d2c0dc4e
Response Measures
None
Receivership Details
Depositor recovery rate
68.4%
Date receivership started
1893-06-16
Date receivership terminated
1901-04-29
OCC cause of failure
Fraud
Share of assets assessed as good
39.9%
Share of assets assessed as doubtful
14.6%
Share of assets assessed as worthless
45.5%
Description
Branch at Lynchburg/Lynchburg (Lynchburg/Lynching OCR variants) suspended after main bank closure.
Events (5)
1.September 24, 1872Chartered
Source
historical_nic
2.June 9, 1893Suspension
Cause
Government Action
Cause Details
Closed by order of the Comptroller of the Currency and placed in hands of bank examiner; branch suspension followed.
Newspaper Excerpt
The Citizens' National Bank of this place has been closed by order of the Comptroller, and is now in the hands of the bank examiner.
Source
newspapers
3.June 10, 1893Other
Newspaper Excerpt
Owing to the suspension of the Citizens National bank of Hillsboro yesterday, the Lynchburg bank has been forced to suspend but it is thought it will only be temporary.
Source
newspapers
4.June 16, 1893Receivership
Source
historical_nic
5.June 16, 1893Receivership
Newspaper Excerpt
The controller of the currency today appointed Mr. Robert M. Ditty receiver of the Citizens' National Bank of Hillsborough, Ohio.
Source
newspapers
Newspaper Articles (24)
1.June 10, 1893New-York TribuneNew York, NY
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MORE WESTERN BANKS COLLAPSE. Chicago. June 9.-Joseph Higgins, owning a private bank at No. 34 Washington-st., and three corresponding Institutions in Illinois towns, made an as. signment to George W. Dixon. Assets are scheduled at $50,000, liabilities not estimated. Higgins operated banks at Mascoutah, Sorento, Gillespie and St. Ann. The assignment covers all. The depositors In these country banks became uneasy during the excitement In financial circles the past week and instituted a run on several banks. The attorneys who represent the assignee say that Higgins has enough assets to pay the liabilities several times over, and as soon as the financial situation is relieved he will probably be In a condition to resume business. August Jernberg and William B. Griffin, composing the banking firm of Jernberg. Griffin & Cb., made 1 voluntary assignment to-day to Edward Maher. The liabilities of the firm are $20,000. and the assets 824,000. Jernberg also conducted a real-estat bustness, and at the same time assigned this, placing his assets at $200,000 and his liabilities at $151,000. Hillsboro, Ohio, June -The Citizens' National Bank of this place has been closed by order of the Controller, and is now in the hands of the bank examiner.
2.June 10, 1893The TimesRichmond, VA
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MORE BANK FAILURES. The Hudson Savings Bank Forced to Suspend-other Small Failures. HUDSON, WIS., June 9.-The Hudson Savings Bank closed its doors to-day, with the following notice: "Closed. Owing to stringency of the money market, we deem it best, in justice to our depositors, to suspend for the present. The bank has assets enough to cover all deposits." Nearly $700,000 was on deposit. The general belief is that the bank will find It difficult to renew business. The city funds were deposited in the bank. National Bank Closed. HILLBORO, O., June 9.-The Citizens' National Bank, of this place, has been closed by order of the Comptroller, and is now in the hands of the bank examiner. Other Business Failures. NEW ORLEANS, June 9.-The Louisiana Cypress Lumber Company went into the hands of a receiver yesterday, the cause being the depression of the money market. The assets are $300,000, and the indebtedness probably $200,000. Judge Billings appointed as receiver Pearl Willet, placing his bond at $50,000. An Alabama Bank Failure. FLORENCE, ALA., June 9.-The Tuscumbia (Ala.) Bank Company closed its doors this morning. The president is absent from the city. No statement will be given out until he returns. Refused to Reduce Assessment. WASHINGTON D. C., June 9.-A committee consisting of S. J. Keith, Hermann Justis, J. H. Thompson, J. H. File and J. B. Richardson, representing the Commercial National Bank of Nashville, Tenn., had a conference with Comptrolier Eckels to-day. He refused to reduce his assessment upon the stockholders of 100 per cent., but agreed to distribute its collection over a longer period than two weeks.
3.June 11, 1893The SunNew York, NY
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MORE BANKS IN TROUBLE. One in Hillsboro, O., and One in Koslyn. Wash. SEATTLE. June 10.-A special despatch from Roslyn says that the Roslyn branch of Ben E. Snipes & Co.'s bank closed yesterday. and Cashier Abernethy posted on the door a card reading: "This bank and our bank at Ellensburg are temporarily suspended. Owing to the many other bank failures deposits have been steadily decreasing. and money is so scaree that it is impossible to realize on anything at present. No depositor will lose a dollar. as we have ample resources to cover all. We hope to resume in a short time." The Roslyn branch conducted a regular banking business. with the exception of making loans. The latter feature was handled exclusively by the main bank at Ellensburg. The deposits aggregate between $93,000 and $95. 000. mostly owned by miners. CINCINNATI. June 10.-The Citizens' National Bank of Hillsboro. O., is closed by order of Comptroller Eckels and placed in the hands of bank examiners. C. M. Overman 16 cousin of ex-Gov. Foraker. is President. The Hon. J. J. Pugsley. late member of Congress. is VicePresident. The bank's statem nt. made two months ago. showed: Capital. $100,000; surplus. $50,000; undivided profits. $19,000: average deposits. $275,000: circulation. $22,500. CHATTANOOGA. June 10.-J. R. Roid. a leading clothier. made an assignment yesterday. His liabilities are named as $70,000. with only $20,000 assets. DES MOINES. June 10.-State Auditor McCarthy received a telegram from Sioux City late this afternoon announcing the assignment of the Union Stock Yards State Bank to Howard Pierce for the benefit of creditors. The deposits aggregate $50.000. and it is claimed they will be paid. State Bank Examiner D. F. McCarthy has been sent to Sioux City.
4.June 11, 1893The Salt Lake HeraldSalt Lake City, UT
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A Temporary Suspension. WILMINGTON, Ohio, June 10.-Owing to the suspension of the Citizens National bank of Hillsboro yesterday, the Lynching branch of the institution was forced to suspend but it is thought it will only be temporary.
5.June 11, 1893St. Paul Daily GlobeSaint Paul, MN
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LOOSE BUSINESS METHODS Responsible for the Failure of a Sioux City Bank. SIOUX CITY, June 10.-The Union Stockyards State bank, E. W. Skerry president, and C. C. Pierce cashier, filed an assignment today. The assets of the bank are placed at $483,667; liabilities, $163,140. The bank is capitalized at $300,000. A committee which investigated the failure, states that it is due to loose methods of carrying on business and will not affect anybody else in the city. The deposits are less than $20,000 and there is no likelihood of any loss to depositors. Skerry and the two Pierces have been promoters of the Leads Electric railroad, and it is said the failure is due in large part to carrying that company's paper. Accounts on the bank had been overdrawn $34,194. The principal item of assets is $368,648, notes and bills discounted, the actual value of which is doubtful. WEST SUPERIOR, Wis., June 10.- 1 Four new attachments were Jevied against the Frank A. Lappen Furniture company this morning,aggregating $6,837.14. Two of them are Lappen notes and two legitimate claims for merchandise supplied the company in Superior. CINCINNATI, O., June 10.-The Citizen's National Bank of Hillsboro, Obio, is closed by order of Comptroller Eckels and placed in the hands of the bauk examiner. The bank's statement made two months ago showed capital, $100,000; surplus. $50,000: undivided profits, $19,000; average deposits, $225,000; eirculation, $22,000. NEW YORK, June 10.-George Doerflinger and Charles Kuehn Jr., composing the firm of Kuehn, Doerflinger & Co., dealers in diamonds and precious stones at 18 John street, today assigned, with a preference for $10.000 to the Quincy National Bank of Florida, for notes discounted. F. A. Phillips announced their failure at the Consolidated Exchange this morning.
6.June 11, 1893St. Paul Daily GlobeSaint Paul, MN
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Carried Down by a Failure. WILMINGTON, O., June 10.-Owing to the suspension of the Citizens' National Bank of Hillsboro yesterday, the Lynchburg bank has been forced to suspend, but it is thought only temporary. It is considered to be all right, but is suspended until an investigation can be made. It has a capital of about $50,000.
7.June 12, 1893Daily Kennebec JournalAugusta, ME
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Lynchburg. (Ohio) Bank Suspends. WILMINGTON, Ohio, June 11.-Owing to the suspension of the Citizen's National Bank of Hillsboro, Friday, the Lynchburg Bank. a branch of that institution, has been forced to suspend. It has a capital of about $50,000,
8.June 12, 1893Morning Journal and CourierNew Haven, CT
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Forced to Suspend. WILMINGTON, O., June H.-Owing to the suspension of the Citizens' National bank of Hillsboro Friday the Lynchburg bank, a branch institution, has been forced to suspend.
9.June 15, 1893Echo De L'ouestMinneapolis, MN
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Faillites de Banques et autres La "Citizens National Bank" de Hilsbora, o, vient de suspendre ses paiements. L3 "Frank A. Lappen Company" de West Superior a fait faillite. La "Hudson Savings Bank" d'Hudson, Wis., a fermé se3 portes. La banque de Jos Higins 84 Wa hington Street Chicago, a déposé son bilan. W. L Sherwood de Chicago à suspendu SPB paiemente. Hobbs et Tacker, banquiers de Savanaugh, Ga. ont fait faillite. La "Bank of Buir Oak," Kan., a fait faillite La "Peoples Guarantee Savings Bank" de Kansas City Mo., a déson bilan. La "Union Stock Yard Bank" de Sioux City S. D. a suspendu ses paiements. Il en est de même de la "Brule County Bank" de Chamberlain S. D. "L'American National Bank" d'Omaha Neb., a ferme S S portes. On dit que le "G'obe Laon & Trust Co" la "Dime Savings Baik" la 'G rmania Savings Bank" et la "Nebraska Savings Bink" sont en danger. Fermée également la "Trust National Bank" de Lakota S. .D. E. S. Howard vient d'etre nommé syndic de la faillite de la Firet National BaLk" de Cedar Falls, Iowa. La banque d'Everett, à Snoho mish, Wash., vient de fermer ses portes. Enfin, la "People Savings Bank"
10.June 16, 1893Evening StarWashington, DC
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P Receiver for the Hillsborough Bank. The controller of the currency today appointed Mr. Robert M. Ditty receiver of the Citizens' National Bank of Hillsborough, Ohio. 1
11.July 13, 1893The News-HeraldHillsboro, OH
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During the past few days the Comptroller of Currency has authorized the receiver of the Citizen's National Bank to deposit his collections with the First National Bank, of this place. This will be of greatadvantage to our people, as it will keep the money at home, instead of sending it to the U. S. Treasury.
CLEARED OF CHAFF. Kansas is overrun with tramps. Smallpox has broken out in Lowell, Mass. Conrad L. Jordan has returned from Europe. Anarchists threaten to blow up the railway stations in Paris. Mrs. Andrew Foy, the principal witness in the Coughlin trial, was cross examined. Ex-Mayor Grant of New York was appointed receiver for the St. Nicholas bank. The buildings in the Pittsburg Driving park at Homewood, Pa., were destroyed by fire. President Cleveland, Secretary Gresham and Secretary Carlisle are duck hunting on the Potomac. George F. James of Philadelphia, general secretary of the American Society for the Extension of University Teaching, has resigned his position. Mr. Overton Price, late cashier of the wrecked Citizens' National bank of Hillsboro, O., died in Cincinnati from nervous prostration resulting from mortification over the bank's failure.
13.December 27, 1893The Madison Daily LeaderMadison, SD
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TELEGRAPHIC BREVITIES. Four anarchists were arrested at Avignon. Ex-Congressman John C. Nichols of Blackshear, Ga., is dead. Ex-Mayor Hugh J. Grant has been appointed receiver of the St. Nicholas bank. Senator Victor Schoelscher, who is well known as a French writer and traveler, is dead. The cruiser New York has been ordered to sail to Rio de Janeiro to reinforce our fleet in Brazilian waters. The Iron Car company of Huntingdon, Pa., will resume work at an early date, giving work to several hundred men. General McCook, commanding the department of Colorado, places no credence in the reports from Cerrillos, N. M., of a race war in that territory. Hon. Wayne McVeigh said the president of the United States could not have placed him in a position more to his liking than the Italian mission. The Chicago, St. Paul, Minneapolis and Omaha Railroad company has declared a dividend of 3 1-2 per cent on preferred shares, payable Jan. 30, 1894. The directors of the Chicago and Northwestern Railroad company have declared dividends of 4 per cent on common and 1 3-4 on their preferred stocks. Ex-Assistant United States District Attorney Pliny H. Soper of Topeka has been appointed general attorney for the Santa Fe for Indian Territory outside of Oklahoma. Four more minor New York election officers have been arrested charged with violation of the law at the recent election, making a total of 61 now indicted on these charges. Commissioner Rhodes has arrived at Palapye and announces that the Matabeles are entirely subjugated, and that King Lobengula does not intend to return to Buluwayo. Overton Price, late cashier of the Citizens National bank of Hillshoro, O., died at Cincinnati from nervous prostration resulting from mortification over the bank's failure. The Technical Society of the Pacific Coast has made Theodore D. Wilson, ex-chief constructor of the navy, an honorary member. The institution of naval architects of England conferred a like honor on Mr. Wilson last year. The institution has only five honorary members.
14.December 27, 1893Evening JournalWilmington, DE
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CLEARED OF CHAFF. Kansas is overron with tramps. Smallpox has broken oft in Lowell, Mass. Conrad L. Jordan has returned from Europe. Anarchists threaten to blow up the railway stations in Paris. Mrs. Andrew Foy, the principal witness in the Coughlin trial, was cross examined. Ex-Mayor Grant of New York was appointed receiver for the St. Nicholas bank. The buildings in the Pittsburg Driving park at Homewood, Pa., were destroyed by fire. President Cleveland, Secretary Gresham and Secretary Carlisle are duck hunting on the Potomac. George F. James of Philadelphia, general secretary of the American Society for the Extension of University Teaching, has resigned his position. Mr. Overton Price, late cashier of the wrecked Citizens' National bank of Hillsboro, O., died in Cincinnati from nervous prostration resulting from mortification over the bank's failure.
15.December 27, 1893New Ulm ReviewNew Ulm, MN
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TELEGRAPHIC BREVITIES. Four anarchists were arrested at Avignon. Ex-Congressman John C. Nichols of Blackshear, Ga., is dead. Ex-Mayor Hugh J. Grant has been appointed receiver of the St. Nicholas bank. Senator Victor Schoelscher, who is well known as a French writer and traveler, is dead. The cruiser New York has been ordered to sail to Rio de Janeiro to reinforce our fleet in Brazilian waters. The Iron Car company of Huntingdon, Pa., will resume work at an early date, giving work to several hundred men. General McCook, commanding the department of Colorado, places no credence in the reports from Cerrillos, N. M., of a race war in that territory. Hon. Wayne McVeigh said the president of the United States could not have placed him in a position more to his liking than the Italian mission. The Chicago, St. Paul, Minneapolis and Omaha Railroad company has declared a dividend of 3 1-2 per cent on preferred shares, payable Jan. 30, 1894. The directors of the Chicago and Northwestern Railroad company have declared dividends of 4 per cent on common and 1 3-4 on their preferred stocks. Ex-Assistant United States District Attorney Pliny H. Soper of Topeka has been appointed general attorney for the Santa Fe for Indian Territory outside of Oklahoma. Four more minor New York election officers have been arrested charged with violation of the law at the recent election, making a total of 61 now indicted on these charges. Commissioner Rhodes has arrived at Palapye and announces that the Matabeles are entirely subjugated, and that King Lobengula does not intend to return to Buluwayo. Overton Price, late cashier of the Citizens National bank of Hillshoro, O., died at Cincinnati from nervous prostration resulting from mortification over the bank's failure. The Technical Society of the Pacific Coast has made Theodore D. Wilson, ex-chief constructor of the navy, an honorary member. The institution of naval architects of England conferred a like honor on Mr. Wilson last year. The institution has only five honorary members.
BRIEFLY TOLD. Ex-Mayor Hugh J. Grant has been appointed receiver of the St. Nicholas bank. Senator Victor Schoelscher, who is well known as a French writer and traveler, is dead. In a battle with tramps at Hartford City, Ind., a citizen was shot in the leg and a tramp through the arm. Six of the band were captured. General McCook, commanding the department of Colorado, places no credence in the reports from Cerrillos, N. M., of a race war in that territory. The Chicago, St. Paul, Minneapolis and Omaha Railroad company has declared a dividend of 3 1-2 per cent on preferred shares, payable Jan. 30, 1894. Four more minor New York election officers have been arrested charged with violation of the law at the recent election, making a total of 61 now indicted on these charges. Overton Price, late cashier of the Citizens National bank of Hillshoro, O., died at Cincinnati from nervous prostration resulting from mortification over the bank's failure.
17.December 28, 1893The Sauk Centre HeraldSauk Centre, MN
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TELEGRAPHIC B EVITIES, Four anarchists were arrested at Avignon. Ex-Congressman John C. Nichols of Blackshear, Ga., is dead. Ex-Mayor Hugh J. Grant has been appointed receiver of the St. Nicholas bank. Senator Victor Schoelscher, who is well known as a French writer and traveler, is dead. The cruiser New York has been ordered to sail to Rio de Janeiro to reinforce our fleet in Brazilian waters. The Iron Car company of Huntingdon, Pa., will resume We k at an early date, giving work to seve. al hundred men. General McCook, consmanding the department of Colorado, places no credence in the reports from Cerrillos, N. M., of a race war in that territory. Hon. Wayne McVeigh said the president of the United States could not have placed him in a position more to his liking than the Italian mission. The Chicago, St. Paul, Minneapolis and Omaha Railroad company has declared a dividend of 3 1-2 per cent on preferred shares, payable Jan. 80, 1894. The directors of the Chicago and Northwestern Railroad company have declared dividends of 4 per cent on common and 1 3-4 on their preferred stocks. Ex-Assistant United States District Attorney Pliny H. Soper of Topeka has been appointed general attorney for the Santa Fe for Indian Territory outside of Oklahoma. Four more minor New York election officers have been arrested charged with violation of the law at the recent election, making a total of 61 now indicted on these charges. Commissioner Rhodes has arrived at Palapye and announces that the Matabeles are entirely subjugated, and that King Lobengula does not intend to return to Buluwayo. Overton Price, late cashier of the Citizens National bank of Hillshoro, o., died at Cincinnati from nervous prostration resulting from mortification over the bank's failure. The Technical Society of the Pacific Coast has made Theodore D. Wilson, ex-chief constructor of the navy, an honorary member. The institution of naval architects of England conferred a like honor on Mr. Wilson last year. The institution has only five honorary members.
TELEGRAPHIC BREVITIES, Four anarchists were arrested at Avignon. Ex-Congressman John C. Nichols of Blackshear, Ga., is dead. Ex-Mayor Hugh J. Grant has been appointed receiver of the St. Nicholas bank. Senator Victor Schoelscher, who is well known as a French writer and traveler, is dead. The cruiser New York has been ordered to sail to Rio de Janeiro to reinforce our fleet in Brazilian waters. The Iron Car company of Huntingdon, Pa., will resume work at an early date, giving work to several hundred men. General McCook, commanding the department of Colorado, places no credence in the reports from Cerrillos, N. M., of a race war in that territory. Hon. Wayne McVeigh said the president of the United States could not have placed him in a position more to his liking than the Italian mission. The Chicago, St. Paul, Minneapolis and Omaha Railroad company has declared a dividend of 3 1-2 per cent on preferred shares, payable Jan. 30, 1894. The directors of the Chicago and Northwestern Railroad company have declared dividends of 4 per cent on common and 3-4 on their preferred stocks. Ex-Assistant United States District Attorney Pliny H. Soper of Topeka has been appointed general attorney for the Santa Fe for Indian Territory outside of Oklahoma. Four more minor New York election officers have been arrested charged with violation of the law at the recent election, making a total of 61 now indicted on these charges. Commissioner Rhodes has arrived at Palapye and announces that the Matabeles are entirely subjugated, and that King Lobengula does not intend to return to Buluwayo. Overton Price, late cashier of the Citizens National bank of Hillshoro, O., died at Cincinnati from nervous pros. tration resulting from mortification over the bank's failure. The Technical Society of the Pacific Coast has made Theodore D. Wilson, ex-chief constructor of the navy, an honorary member. The institution of naval architects of England conferred a like Honor on Mr. Wilson last year. The institution has only five honorary members.
19.August 2, 1894The News-HeraldHillsboro, OH
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Isma Troth and others have brought suit against Receiver Dittey, of the Citizens' National Bank for $11,000 said to have been borrowed by President Overman from the Lynchburg Bank. Six thousand was borrowed in October, '89; eight thousand, in December '92. Of this, three thousand was repaid in April '93. The case is in the U. S. Court at Cincinnati, having been taken there by Receiver Dittey, who will claim that Overman was not properly authorized to borrow the money. It bears substantially the same features as the Barrere case recently decided in the Common Pleas, here, by Judge Newby.
20.September 13, 1894The News-HeraldHillsboro, OH
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Wants Money. Our readers probably remember that the Gas and Electric works had a claim of $3,100 against this city, which it assigned to the Citizens' National before the collapse of that institution. Then the city having $7,000 on deposit in the bank claimed that the $3,100 should be credited dollar for dollar. This the receiver refused to do. Then came a lawsuit which went against the city. Now, the receiver wants his money. The city finance committee are willing to give him the $700 due from the next dividend, and say he must wait for the balance. He says he will take judgment. But, as the city building, water works and fire department are exempt from levy, he can only look to the stone quarry, which is worth about $400 out of which to make the claim, amounting now to some two or three hundred dollars more than originally. How the matter will be determined is one of those those things which no fellow can find out till it happens.
21.May 7, 1896The News-HeraldHillsboro, OH
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In Re Application of Robert M. Dittey, as Receiver of the Citizens' National Bank of Hillsboro, Ohio, to Sell Uncollectable and Worthless Claims. Ex Parte. By virtue of an order made in the above entitled case, I will offer for private sale, at my office in Hillsboro, Ohio, from Monday, the 1st day of June, 1896, at 10 o'clock a. m., until, and including June 20th. 1896, at 10 o'clock a. m., a large amount of notes, judgments, accounts. and other securities, assets of the said Citizens' National Bank, about 320 in number and amounting in face value to about $160,000.00, a list of which securities, their nature, amount, and by whom payable, can be seen at my said office ; and such of said securities as are not sold. within said time, will be sold at public auction to the highest bidder on Saturday, the 20th of June, 1896, at the door of the Court House in Hillsboro, Ohio, at one o'clock p. m. Terms of Sale-Cash. ROBERT M. DITTEY, Receiver of the Citizens' National Bank of Hillsboro, Ohio. April 29. 1896.
22.May 14, 1896The News-HeraldHillsboro, OH
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RECEIVER'S SALE. United States Circuit Court, No. 4906. Southern District of Ohio, Western Division. an In Re Application of Robert M. Dittey, as Receiver of the Citizens' National Bank of Hillsboro, Ohio, to Sell Uncollectable and Worthless Claims. Ex Parte. By virtue of an order made in the above entitled case, I will offer for private sale, at my office in Hillsboro, Ohio, from Monday, the 1st day of June, 1896, at 10 o'clock a. m., until, and including June 20th. 1896, at 10 o'clock a. m., a large amount of notes, judgments, accounts, and other securities, assets of the said Citizens' National Bank, about 320 in number and amounting in face value to about $160,000.00, a list of which securities, their nature, amount, and by whom payable, can be seen at my said office ; and such of said securities as are not sold. within said time, will be sold at public auction to the highest bidder on Saturday, the 20th of June, 1896, at the door of the Court House in Hillsboro, Ohio, at one o'clock p. m. Terms of Sale-Cash. ROBERT M. DITTEY, Receiver of the Citizens' National Bank of Hillsboro, Ohio. April 29. 1896.
23.May 21, 1896The News-HeraldHillsboro, OH
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RECEIVER'S SALE. United States Circuit Court, No. 4906. Southern District of Ohio, Western Division. In Re Application of Robert M. Dittey, as Receiver of the Citizens' National Bank of Hillsboro, Ohio, to Sell Uncollectable and Worthless Claims. Ex Parte. By virtue of an order made in the above entitled case, I will offer for private sale, at my office in Hillsboro. Ohio, from Monday, the 1st day of June. 1896, at 10 o'clock a. m., until, and including June 20th. 1896, at 10 o'clock a. m., a large amount of notes, judgments, accounts. and other securities, assets of the said Citizens' National Bank, about 320 in number and amounting in face value to about $160,000.00, a list of which securities, their nature, amount, and by whom payable, can be seen at my said office ; and such of said securities as are not sold. within said time, will be sold at public auction to the highest bidder OL Saturday, the 20th of June, 1896, at the door of the Court House in Hillsboro, Ohio, at one o'clock p. m. Terms of Sale-Cash. ROBERT M. DITTEY, Receiver of the Citizens' National Bank of Hillsboro, Ohio. April 29, 1896.
24.May 28, 1896The News-HeraldHillsboro, OH
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RECEIVER'S SALE. United States Circuit Court, No. 4906. Southern District of Ohio, Western Division. } In Re Application of Robert M. Dittey, as Receiver of the Oitizens' National Bank of Hillsboro, Ohio, to Sell Uncollectable and Worthless Claims. Ex Parte. By virtue of an order made in the above entitled case, I will offer for private sale, at my office in Hillsboro, Ohio, from Monday, the 1st day of June, 1896, at 10 o'clock a. m., until, and including June 20th, 1896, at 10 o'clock a. m., a large amount of notes, judgments, accounts. and other securities, assets of the said Citizens' National Bank, about 320 in number and amounting in face value to about $160,000.00, a list of which securities, their nature, amount, and by whom payable, can be seen at my said office ; and such of said securities as are not sold. within said time, will be sold at public auction to the highest bidder on Saturday, the 20th of June, 1896, at the door of the Court House in Hillsboro, Ohio, at one o'clock p. m. Terms of Sale-Cash. ROBERT M. DITTEY, Receiver of the Citizens' National Bank of Hillsboro, Ohio. April 29, 1896.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
