Central National Bank (Chicago, IL)

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Episode Information

Episode UID
204700935
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
national
Bank ID
20470 national
Charter Number
2047
Start Date
November 22, 1877
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
02ee2eec6d12ffaf

Response Measures

Full suspension, Books examined

Receivership Details

Depositor recovery rate
65.6%
Date receivership started
1877-12-01
Date receivership terminated
1892-02-23
OCC cause of failure
Losses
Share of assets assessed as good
32.2%
Share of assets assessed as doubtful
33.0%
Share of assets assessed as worthless
34.9%

Description

Later reporting describes management wrongdoing and the president leaving the city.

Events (5)
1. September 18, 1872 Chartered
Source
historical_nic
2. November 22, 1877 Run
Cause
Bank Specific Adverse Info
Cause Details
Sustained withdrawals since Oct 1 and a slight run immediately prior to closing led to liquidity strain.
Newspaper Excerpt
The bank experienced a slight run yesterday, and since October 1 some $200,000 have been drawn out.
Source
newspapers
3. November 23, 1877 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors and stockholders resolved to close and liquidate after withdrawals and poor asset condition; bank ceased payments.
Newspaper Excerpt
The Central National Bank closed its doors this morning, and will go into liquidation; this action was consequent upon a determination at a meeting of the directors and stock-holders last evening.
Source
newspapers
4. December 1, 1877 Receivership
Source
historical_nic
5. December 1, 1877 Receivership
Newspaper Excerpt
Otis R. Glover was to-day appointed receiver of the Central National Bank, of Chicago.
Source
newspapers

Newspaper Articles (23)
1. September 12, 1877 Clearfield Republican Clearfield, PA
Article from Clearfield Republican, September 12, 1877

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AN AWFUL "BUST Up."-The State Saving Institution, at Chicago, closed its doors on Friday. The concern is a million of dollars short. The assetts foot up at their face $2,337,496.23 while the true value is only $869,000. The amount due depositors is $3,050,017.17. All the available cash to be found in the Bank was about $24,000 out of the millions deposited by the 15,000 depositors. The Cashier, David D. Spencer, is in Europe. His own individual note for $500,000 was found among the assets. A general run is being made on all the Chicago banks and some more of them may close their doors before the panic is over. But, then Chicago can stand almost anything.

2. November 23, 1877 Daily Press and Dakotaian Yankton, SD
Article from Daily Press and Dakotaian, November 23, 1877

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Repeal of a Portion of the Resumption Law by the house. The Senate Committee Report in Favor of Kellogg from Lousiana. List of the New French Cabinet. MISCELLANEOUS. A SPECK OF WAR. Clacionati, Nov. 23.-A San Antonio dispatch ways that Gen. Ord yesterday received an official copy of the order of President Diaz to Gen. Dalcon, commanding the Mex. ican forces on the border, to repel invasion by the United States troops by force, and and that Gen. Trevino had been ordered to the Rio Grande with 2,500 troops to carry out the order. Gen. Ord. has telegraphed to the President for another regiment of cavalry. GOING INTO LIQUIDATION. Chicago, Nov. 23.-The Central National Bank, 104 and 106 Washington street, closed its doors this morning and will go into liquidation. This action was conse quent upon the determination of the meeting of the directors and stockholders last evening. The institution did only a small commercial business and was backed by some of the substantial business men of this city, and will, its officers claim, pay dollar for dollar to depositors, and make a good showing towards paying the stockholders in full. Its liabilities to depositors are $260,000; assets $400,000 of bills receivabie, and $75,000 in cash resources. Its capital stock was $200,000. W. F. Eudicott is president and John Greenleaf cashier. It experienced a slight run yesterday, and since October 1st, although none of the depositors have closed their accounts, some $200,000 have been drawn out. THE KANSAS STATE UNIVERSITY. Lawrence, Nov. 22.-The dedication of the new building of the Kansas state university, took place here to-day. The attendance upon the exercises was large, wellknown citizens from all parts of the state being present. Gov. Anthony presided. Addresses were made by Chandler Marvin, State Superintendent Lemmon, Rev. T. Tindall, Gov. Anthony, and others. A banquet was given for the benefit of the society. Gov. Anthony was given a complimentary reception at the Ludington house, by the Young Men's social club, of Law. rence. A JURY WHICH DISAGREE. Chicago, Nov. 23.-The Jury in the condonation of whisky cases came in this morning, and reported a disagreement, nine having voted for a verdict in favor of the government, and three for the defendants. The question in dispute was whether the evidence showed that complete immunity had been promised. SHORT EXPLANATIONS. Providence, Nov. 23.-Capt. Carson. of the U. 8. cutter Samuel Dexter, lying in the Bristol harbor this morning. said he felt unauthorized to make any statements regarding his special orders and duties. He added: "There is a suspected craft, and 'her' a government steamer. Draw your

3. November 23, 1877 The Cincinnati Daily Star Cincinnati, OH
Article from The Cincinnati Daily Star, November 23, 1877

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Changed Hands. The Evening Mail was sold at Sheriff's sale yesterday morning, and was bought by Clark and Bell and Dr. William H. White for $8.710 The Mail will be coneucted under the same editorial management as heretofore. Vanderbilt's Will. It is reported that the contest of Mrs. Labau of Vanderbill's will has been discontinued. SHAKY CHICAGO. Another Bank Failure This Morning. National Associated Press to the Star. CHICAGO, Nov. 23 -The Central National Bank, of this city, closed its doors at 10:30 to-day. The suspension of the Central Nation. al Bank causes considerable excite. ment, as it is a disappointment to those who hoped that no further failures would follow that of the Third National on Wednesday. The two banks which have gone, and the one which still holds out, have been mentioned as snaky for a month past. When the first tailed, the knowing ones feared the other two would follow, but everything has been done to prevent a panicky feeling from aiding in causing this. It is probable that one more may fall, the one which has been mentioned in connection with these two as shaky, but all other banks are sound beyond question.

4. November 24, 1877 New-York Tribune New York, NY
Article from New-York Tribune, November 24, 1877

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ANOTHE R BANK CLOSED. THE CENTRAL NATIONAL BANK OF CHICAGO TO GO INTO LIQUIDATION-DEPOSITORS TO BE PAID IN FULL. CHICAGO, Nov. 23.-The Central National Bank closed its doors this morning, and will go into liquidation. This act was consequent upon a determination at a meeting of directors and stock-holders last evening. The institution did only a small commercial business. It is backed by some substantial business men of this city and will, its officers claim. pay dollar for dollar to depositors, and make a good stowing toward paying the stock-holders in full. W. F. Endicott is president and John Greenleaf cashier. The bank experienced a slight run yesterday, and since October 1, although none of the depositors have closed their accounts, some $200,000 have been drawn out. A statement of the condition of the bank has been made up and 18 as follows:

5. November 24, 1877 The Morning Herald Wilmington, DE
Article from The Morning Herald, November 24, 1877

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DOMESTIC. A NEGRO MURDERER SENTENCED. NEW YORK, Nov. 23.-Nelson Arden, a negro, alias William Moore, was convicted Wednesday, in the County Court of Bertie, N. C, for the murder of John Webb, storekeeper, and was sentenced to be hung in December. Seven negroes and five whites composed the jury. AN INSURANCE OFFICER BEHINDHAND. A Cincinnati despatch says J. L. Colling, Secretary of the Western Insurance Company, is behind $14,000 in his accounts The company was made secure by mort. gages on his property, and removed him. ANOTHER CHICAGO BANK CLOSED. CHICAGO, Nov. 23.-The Central National Bank of Chicagoclosed its doors this morning. MAKING A MATCH ON MR. LORILLARD'S OFFER. NEW YORK, Nov. 23.-Information reach ed this city yesterday that $10,000 had already been raised in Kentucky towards the $20,000 to make the match offered by Mr. Pierre Lorillard, to run his horse Parole against Ten Broeck next summer, two miles and S half, over the Saratoga course or at Jerome Park, for that sum. MURDERED ITALIAN. It seems the Italian murdered in Baxter street last night was named Michael Cattacbe or Cattacci. His body was horribly cut.

6. November 24, 1877 The New York Herald New York, NY
Article from The New York Herald, November 24, 1877

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A CHICAGO BANK FAILURE. THE CENTRAL NATIONAL BANK RETIRES- ITS FINANCIAL CONDITION-NEW YORK'S INTEREST SECURED. CHICAGO, Nov. 23, 1877. The Central National Bank closed its doors this morning, and will go into liquidation. This action was consequent upon a determination at a meeting of the directors and stockholders last evening. The institution did only a small commercial business. It is backed by somo substantial business men of this city. W. F. Endicott is president, and John Greenleaf cashier. The bank experienced a slight run yesterday, and since October 1, although none of the depositors have closed their accounts, some $200,000 have been drawn out. A statement of the condition of the bank has been made up, and is as follows:ASSETS.

7. November 25, 1877 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, November 25, 1877

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THE BANKS. THIRB AND CENTRAL. There was nothing of material interest in financial circles yesterday. Bank-Examiner Watson was engaged most of the day in going through the assets of the Third National. Early in the forenoon he took formal possession of the Central National, and deputized Mr. A. H. Burley, the Receiver of the late Cook County National, to make a schedule of the effects. Mr. Watson could not say who were the coming men as Receivers of the two collapsed institutions. He had not heard from the Comp-

8. November 28, 1877 Ottumwa Weekly Courier Ottumwa, IA
Article from Ottumwa Weekly Courier, November 28, 1877

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Another One Gone. CHICAGO, Nov. 23.-The Central National Bank, No. 104 and 106, Washington street, closed its doors, this morning,and will gointo liquidation. This action was consequent upon the determination of a meeting of directors and stockholders, last evening. The institution did only a small commercial business, is backed by some substantial business men of this city and will, its officers claim, pay dollar for dollar to depositors and make a good showing towards paying the stockholders in full. Its liabilities to depositors are $260,000, assets $400,000 of bills receivable and $75,000 cash resources. Its capital stock was $200,000. W. F. Endicott, is President and John Greenleaf, cashier. It experienced a slight run yesterday, and since October 1st, and although none of the depositors have closed their accounts some $200,000 have been drawn out.

9. November 29, 1877 The Elk County Advocate Ridgway, PA
Article from The Elk County Advocate, November 29, 1877

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Another Chicago Bank Closed. Chicago, November 21.-The Central national bank of Chicago closed its doors this morning. This action was consequent upon a determination at a meeting of the directors and stockholders last evening. The institution did only a small commercial business. It is backed by some substantial business men of this city, and will, its officers claim, pay dollar for dollar to depositors, and make a good showing towards paying the stockholders in full. Its liabilities to depositors are $260,000, and the assets are $400,000 of bills receivable and $75,000 cash resources. Its casital stock is $200,000. W. F. Endicort is president and John Greenleaf cashier. The bank experienced a slight run yesterday, and since October 1, although none of the depositors closed their accounts, some $200,000 have been drawn out.

10. November 29, 1877 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, November 29, 1877

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THE BANKS. MIL II. W. JACKSON, upon whose shoulders it has been pretty generally supposed the mantic of the Receivership of the Third National would fall, received oillcial notification of lits appointment yesterday from the Comptroller of the Currency, and Inmediately set about the comparatively easy task of securing signatures to lile $50,000 bond. 'ฮ“o many people the amount of the bond might seem ridiculously small, but the fact that the Receiver is obliged to turn over moneys as fast us ne collects them, to the Comptroller of the Currency, will explain why the bond is comparatively in 60 small an amount. At the Central National Mr. Burley still has temporary control. Nothing has been done towards acttling the question whether a Receiver shall be appointed to administer upon the nssets, or whether the bank will be allowed to liquidate. With the appointment of a Receiver for the Third National, Mr. Bank-Examiner Watson's duties at that institution will be measureably lessened, and the Central will probably receive more of his attention. THE RECEIVERS OF THE VARRIOUS SAVINGS BANKS did pretty much as usual yesterday, the only thing to relieve the monotony being the prep. arations for Thanksgiving. All the banks will be closed to-day, and the wearled Receivers and their more wearled assistants will be found at their homes, or at the houses of their next best friends, receiving other good things than money from debtors, which can be gotten, If at all,' on common days. Judge Otis was out when the reporter called at the State Savings,-probably on au expedition to the game dealers on South Water street,-but one of has assistants touchlogly remarked that to-day would be turkeyday, and added, as a sort of secondary consideration, that there were some hopes of a dividend of 10 per cent in January. At the Little Beenive, Receiver Ward, Mr. Horton, two of the Depositors' Combittee, and the clerks fully corroborated the truth of the rumor that turkeys would in all probability be laid on the altur to-day, and added that there was no ucws. Nor was there any. The two depositors aforesaid were apparently at a 1088 to know just what they wanted to know, and frankly admitted that they had not found anybody who could tell them. A short time wasspent in looking over books and papers, but visions of to-day were too much for them, and, in the language of the local chronicler, " the meeting then adjourned." At the Fidelity there Was lyde of . crowd than usual, but those

11. December 1, 1877 American Citizen Canton, MS
Article from American Citizen, December 1, 1877

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THE Central National Bank of Chicago closed its doors on the 23d, after a slight run. Its deposits amount to $260,000, and it is asserted that its assets are amply sufficient to pay all demands in full.

12. December 1, 1877 The Ottawa Free Trader Ottawa, IL
Article from The Ottawa Free Trader, December 1, 1877

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There was another bank suspension at Chicago on the 24th-the delinquent this time being the Central National Bank. It was always a feeble concern, with a nominal capital of $200,000, but a deposit account never reaching over $250,000. Its liabilities are placed at $280,000, against which it claims to have over $400,000 bills receivable and $216,000 stock and surplus. The general impression is that it will be able to pay its depositors dollar for dollar and have something left for its stock. holders.

13. December 2, 1877 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, December 2, 1877

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THE BANKS. VERY DULL. A visit to the suspended National Banks yesterday failed to elicit anything beyond the fact that the Receivers were "busy." Both Mr. Jackson. of the Third, and Mr. Burley, of the Central, said there was "nothing new." The former has made a few collections, and is still figuring to get some one to take the bank building, in order that he may move into less expensive Quarters. Mr. Burley had heard

14. December 7, 1877 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, December 7, 1877

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WEST-AND SOUTHWEST. At Warsaw, Ind., on the evening of the 21st, Libbie Jacques, aged 19, was terribly and fatally burned about the face and breast, by letting fall a lamp filled with oil, which she was lifting from a chandelier. Whilerendeavoring to putions the flameson her clothing, O. P.sJacques, her father, burned both hands so severely that it wasthought amputation would be necessary. AtTerre Haute, on the evening previous, Mary Tarelby, a servant-girl in the employ of Hon. Bayless H. Hanna, wasso badly burned by a lamp explosion that she was expected to die. Nicholas Plumling has been arrested at Wilton, Wis., charged with the murder of Mrs. Van Voorhees and her three children, whose dead bodies were found in their burning cottage about the first of Noveniber. It was supposed at the time that Mrs. Van Voorhees killed her children and then took heflown life, but later dรฉvelopmรฉnts(strongly implicate Plumling as being the author of the horrible crime. 2797A The National Grange Patrons of Husbandry met at Cincinnati on the 21st, delegates from all the States being present. A San Antonio dispatch of the 23d says that Gen. Ord has received an official copy of the order of President Diaz to Gen. Dallin, commanding the Mexican forces on the border, to repel invasion by United States troops by force, and it is further'stated that Gen. Trevino has been ordered to the Rio Grande with 2,500 troops to carry out the order. Gen. Ord has telegraphed to the President for another regiment of eavalry. The Central National Bank of Chicago closed its doors on the 23d, after a slight run. Its deposits amount to $260,000, and it is asserted that its assets are amply sufficient to pay all demands in full. At Benton Ridge, Hancock County, O., on the 22d, Dr. Frank H. Knapp shot and killed Dr. H. K. Nott with a shot-gun. Both were practicing physicians. Dr.Keappsays, as a defense of his crime, that Dr. Nott had several times tired at bim with a revolver, and did so on the day of the shooting, and that he fired the fatal shot while under the conviction that his life was in imminent peril. Charles Jones, a half-breed desperado, who attempted to kill his wife and child at McAllister Station, Indian Nation, was arrested and subsequently shot and killed while attempting to escape from eustody. Two men named Shepard Clark and Israel Doty were recently killed in Don Juan County, Cal., about 10 miles from Pagosa Springs, it is supposed by a Mexican and a Navajo Indian. The discovery of their dead bodies was the first known of their murder. The Bismarek coach was attacked and captured by Indians, on the 22d, near Sulphur Springs Station, about 50 miles from Deadwood. The passengers saved their scalps by taking to the blutfs. After ransacking the mail-bags, the Indians killed two of the horses and decamped with the other two. Bishop Enoch M. Marvin, of the Methodist Episcopal Church, died at his residence in St. Louis on the 26th. He was born in Warren County, Me., June 12, 1823, and entered the ministry when only 18 years of age. The disease from which he died was pleuro-pneumonia. The murderer Band was removed from St. Louis to Galesburg, Knox County, III., on the 27th, where he will be tried for murder.

15. December 8, 1877 San Marcos Free Press San Marcos, TX
Article from San Marcos Free Press, December 8, 1877

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Grande was insullicient to afford prope protection to the citizens there, an deemed it necessary that the regiment now stationed in Texas should be in creased to their full strength, and tha an additional regiment of infantry an of cavalry be sent there A SAN ANTONIO dispatch of the 23 says that Gen. Ord has received an off cial copy of the order of President Dia to Gen. Dallin, commanding the Mex can forces on the border, to repel inva sion by United States troops by force and it is further stated that Gen. Tre vino has been ordered to the Rio Grand with 2,500 troops to carry out the order Gen. Ord has telegraphed to the Presi dent for another regiment of cavalry. THE Central National Bank of Chi cago closed its doors on the 23d, after slight run. Its deposits amount t $260,000, and it is asserted that its as sets are amply sufficient to pay all de mands in full. THE new French Ministry was an nounced on the 23d, as follows: Presi dent of the Council and Minister o War, Gen. Grimaudet de Rochebouet Minister of Foreign Affairs, Mar quis de Bonneville; Minister of th Interior, De Welchi; Minister of Jus tice, Le Pelletier Minister of Finance D'Utilleul Minister of Commerce Ozenne; Minister of Public Works Graeff; Minister of Public Instruction Faye; Minister of Marine, Admira Rousin. The Republican papers cen sure the composition of the new Ministr in contemptuous terms. -The new French Ministry has beer repudiated by the Chamber of Depu ties. Jules Ferry, on behalf of the Left moved a resolution expressing want o confidence, which was adopted by vote of 323 against 208. THE United States man-of-war steam Huron, Commander G. P. Ryan which sailed from Fortress Monroe fo Havana on the 23d, was wrecked on th North Carolina coast, near Kitty Hawl signal-station, at an early hour on th following morning. Soon after striking the shoals the vessel went to pieces and of the 135 person board only 34 succeeded in reaching the shore alive. There was no assist ince rendered from the shore, for wan life-saving apparatus. A severe gal prevailed along the coast on the nigh of the disaster, and it is supposed tha he vessel became unmanageabl hrough the breaking down of her en gines and drifted helplessly upon th breakers. -The following are the names of th officers lost on the Huron: Command G. P. Ryan, Lieuts. S.A. Simons and G. Palmer, Masters J. M. Wright and W. S. French, Ensign Danner, Paymas Carey N. Sanders and Cadet Enginee E. A. Loomis. The Huron was a ron screw-propeller of 1,45 ons, carrying six guns. Sh was just out of the dock at New York, where she had been entirely over hauled. She was manned by a crew o 104 men, besides 15 marines, and he officers numbered 15, only eight o

16. December 19, 1877 The Wheeling Daily Register Wheeling, WV
Article from The Wheeling Daily Register, December 19, 1877

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Chicago Bank President Missing. CHICAGO, December 18.-It is now about certain that W. T. Eudicott, President of the defunct Central National bank has left the city for good, having transferred to the bank his shares ot stock and taken cash instead. Receiver Glover reports that his investigations have disclosed considerable crookedness on the part of the management, and it is extremely doubtful it more than a comparatively small dividend will be declared. The assets are about $433,000, of which $90,000 are worth par; $150,000 doubtful; $47,000 is in cash and the rest is doubtful. Some of the stockholders are responsible meo, but the standing of 8 large number of them 18 unknown, 88 they live in the East.

17. December 19, 1877 The Sun New York, NY
Article from The Sun, December 19, 1877

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Chicago's Broken National Bank. CHICAGO, Dec. 18.-It is now about certain that W. F. Endicott, President of the defunct Central National Bank, has left the city for good, having transferred to the bank his shares of stock and taken cash instead. Receiver Glover reports that his investigations have disclosed questionable action on the partof the management, and it is doubtful that more than a comparatively small dividend will be declared. The assets are about $433,000. of which $90,000 are of face value, $150,000 doubtful, $47,000 cash, and the rest unclassified.

18. December 19, 1877 The New York Herald New York, NY
Article from The New York Herald, December 19, 1877

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THE CHICAGO CENTRAL BANK. CHICAGO, Dec. 18, 1877. It is now about certain that W. F. Endicott, President of the defunct Central National Bank, has left the oity for good, having transferred to the bank his shares of stock and taken cash instead. Receiver Glover reports that his investigations have disclosed considerable questionable action on the part of the management, and it is probable that not more than a comparalively small dividend will be declared. The assets are about $433,000, of which $90,000 are of face value, $150,000 worthless, $47,000 in cash and the rest doubtful. Some of the stockholders are responsible men, but the standing of a large number is unknown, as they live in Eastern cities.

19. December 20, 1877 New-York Tribune New York, NY
Article from New-York Tribune, December 20, 1877

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CHICAGO'S MISSING BANK president. W. F. Endicott, the president of the suspended Central National Bank of Chicago, who, it is 10ported, has been found to be a defanlter, 18 said to be a grand-son of ex-Governor Endicott of Massachusetts, and a brother of the Endicotts residing at Salem, Mass. He is spoken of as a clear-headed. judicious man, conservative in his views, retired in his manner, and a plausible talker. Benjamin B. Sherman, president of the Mechanies' Bank, holds twenty shares in the suspended bank, which he was induced to subscribe for by Mr. Endicott. Mr. Sherman states that Endicott began bis Western career at the close of the war, when be started the oanking firm of Endicott & Rutt r, It was afterward changed to Sibley, Hinsdale & Endicott. When the Central Bank failed, Mr. Endicott sold out his Interest in the banking house, and wrote to Mr. Sherman in a trembling hand, that the failure came upon him like a thunderbolt, and was caused by the suspension of the Third National Bank," of which D. D. Spencer, who has fled, was president. A brother of Mr. Endicott is said to be a heavy loser by Mr. Endicott's mismanagement, as are numerous personal ir ends in Boston. It is believed that the missing president, who has been indieted. has gone to Europe, travelling, like his friend Spencer, under an assumed name. He was prominently identified with church charities, and took an active part in the Moody and Sankey meetings last year in Chicago.

20. December 27, 1877 The Anti-Monopolist Saint Paul, MN
Article from The Anti-Monopolist, December 27, 1877

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verse, Register of this city. NEWARK. N. J., Dec- 2.-The Republic Trust Company havedecided to discontinue business Dec. 15. Depositors have been notified to draw their balances in full. The reason for this action is the difficulty in making safe and profitable investments. W ASHINGTON, Dec. 1.-Otis R. Glover was to-day appointed receiver of the Central National Bank, of Chicago.

21. December 27, 1877 The Anti-Monopolist Saint Paul, MN
Article from The Anti-Monopolist, December 27, 1877

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verse, Register of this city. NEWARK. N.J., Dec- 2.-The Republic Trust Company havedecided to discontinue business Dec. 15. Depositors have been notified to draw their balances in full. The reason for this action is the difficulty in making safe and profitable investments. W ASHINGTON, Dec. 1.-Otis R. Glover was to-day appointed receiver of the Central National Bank, of Chicago.

22. January 23, 1878 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, January 23, 1878

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NATIONAL BANK DIVIDENDS. The Comptroller of the Currency declared a dividend in favor of the creditors of the Third National Bank of Chicago of 45 per cent, and of the creditors of the Central National Bank of Chicago 25 per cent, payable as soon as the sched ules are received from the receivers and examined. He has also declared a dividend in favor of the creditors of the following banks: The First National Bank of Delphi, Ind., 25 per cent, making in all 50 per cent, and the First National Bank of Minnesota 20 per cent, making in all 65 per cent.

23. March 5, 1892 Evening Star Washington, DC
Article from Evening Star, March 5, 1892

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DIVIDENDS DECLARED.- - The controller of the currency has declared two dividends of 10 per cent each in favor of the creditors of the Middietown National Bank of Middletown, N. Y., making in all 100 per cent on claims proved, amounting to $651,274.38, payable through A. W. Blve, receiver, Middletown, N. Y., and a final dividend of 5.57 per cent in favor of the creditors of the Central National Bank of Chicago, III., making in all 65.57 per cent on claims proved. amounting to $299,617.36, payable through Otis R. Glover, receiver, 905 Tacoma building, Chicago, III.