21537. Alleghany Bank (Clifton Forge, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 26, 1898
Location
Clifton Forge, Virginia (37.816, -79.824)

Metadata

Model
gpt-5-mini
Short Digest
08ae8540

Response Measures

None

Description

The Alleghany Bank at Clifton Forge closed and announced an assignment on 1898-09-26 because its assets were inadequate to meet liabilities (insolvency). Depositors later received partial dividends (Dec 12, 1898), indicating winding up/asset distribution rather than resumption of normal operations. Multiple syndicated listings repeat the failure. Spelling variants (Allegheny/Alleghenny) appear in syndicated pieces; original Richmond Dispatch uses 'Alleghany'.

Events (2)
1. September 26, 1898 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Officers discovered the bank was insolvent; assets were inadequate to meet liabilities (paid-up capital previously $20,000; deposits ~ $45,000–50,000).
Newspaper Excerpt
This bank has found it necessary to make an assignment. No preferences have been made and all creditors have been placed upon the same footing. The trustees will proceed as rapidly as possible to convert the assets of the bank into money and distribute them among the creditors.
Source
newspapers
2. December 12, 1898 Other
Newspaper Excerpt
The depositors of the Alleghany Bank this morning received the second instalment on the balance to their credit at the time the bank suspended. It was a 30 per cent. dividend, and makes fifty per cent. paid out so far.
Source
newspapers

Newspaper Articles (14)
1. September 27, 1898 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, September 27, 1898

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HAS CLOSED DOORS. THE BANK OF ALLEGHANY, AT CLIFTON FORGE. ANXIOUS COMMUNITY. Rumors Sunday That Were Verified Monday-A History of the Institution-Started During Room TimesTalk of Reorganization. CLIFTON FORGE, VA., September 26.(Special.)-The Alleghany Bank, of Clifton Forge, closed its doors this morning, its officers finding upon investigation that its assets were not adequate to meet its liabilities. Early in the day Sunday it was rumored about the city everywhere that the bank would not open its doors this morning, and throughout the entire day the subject was discussed by groups of anxious men who had placed their hard-earned savings only a few days before within its vaults for safe-keeping, or to meet their wants and the obligations of paying for homes for themselves and their little ones. The excitement gathered as the day wore on, and when the hour Monday for the opening of the bank arrived the street in front of the building was packed with people, but instead of the doors being opened the following was posted: "Notice.-This bank has found It necessary to make an assignment. No preferences have been made and all creditors have been placed upon the same footing. The trustees will proceed as rapidly as possible to convert the assets of the bank into money and distribute them among the creditors. The stockholders will get nothing until all creditors are paid in full. "By order of the Board of Directors. (Signed) "H. T. NELSON, Trustee." What per cent. of the deposits will be paid Is conjectured at 60 to 80 per cent., possibly, and just what will be the outcome of the failure cannot be stated at this time. A meeting has been called by the depositors, who are largely merchants, railroad men, and shop-hands, to be held Tuesday, September 27th, to formulate such plans and methods as will lead to the best results. Some of the depositors are willing to allow 50 per cent. of their deposits to remain as new capital with a view to effecting a reorganization, while others of the depositors desire, and will insist at the meeting upon having the matter taken charge of by the court and a receiver appointed. The Alleghany Bank was organized as a State institution during the boom in 1890, its capital stock represented as paid up then being $20,000. Its first president was E. M. Nettleton, of Alleghany, with the late Lem Page, of Charlottesville, as cashier. Mr. Nettleton resigned the presidency, and was succeeded in office by Mr. J. C. Carpenter in 1895. He remained at the head of the bank until September 8th of the present year, when a reorganization was brought about by changes in the ownership of the stock of the bank, and Mr. Carpenter retired. He was succeeded by H. T. Nelson, Esq., as president, with a new Board of Directors. It seems that under the new organization the discovery was made that the bank was insolvent, and had been practically so for some time. The amount of deposits represented in the failure will foot between $45,000 and $50,000.

2. September 27, 1898 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, September 27, 1898

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RECEIVER APPOINTED. New England Loan and Trust Company Forced to the Wall. KANSAS CITY, Mo., Sept. 26.-It was announced this forenoon that Otto Bannart, of New York, treasurer of the Central Trust company, of that city, had been appointed receiver of the New England Loan and Trust company, with headquarters in this city. The firm dealt in city and farm mortgages as in the West. Its capital is given $825,000, and its last printed statement showed a surplus of $100,000. The company is said to hold $5,000,000 in debentures, $5,000,000 in loans, and to have $175,000 cash on hand. The receivership is said to have been forced by the company's inability to close on loans in 1888 and 1889 on Western boom town property. The extent of these losses is 'not known, but is said to De large. The firm also carried heavy loans on Western farm property, and, although this is said to have proven profitable, the losses on city property are said to have dragged the assets to a depth where a receivership became necessary. J. S. Gilbert, secretary and assistant manager, has been in charge of the local headquarters of the company for several years. The company is composed mostly of New York, Philadelphia and Des Moines men. The home office of the company is at Des Moines, though the main office is in New York city. Beside the branch here there are branches at Dallas, Tex., and Oklahoma City, Okla. John C. Hall is the company's attorney at Kansas City. PHILADELPHIA, Sept. 26. - President Frank T. Hipple of the Real Estate Trust company, of this city, when questioned regarding the action of his company in obtaining the appointment of a receiver for the New England company, explained that it was merely a precautionary measure taken to protect the holders of a million dollars' worth of the New England company's bonds for which the local company is the trustee. "There is no cause of any sort, however," he continued, "for the holders of the bonds to become alarmed, for they are all protected by good securities. Within the past few weeks we have had experts go carefully over these securities, and they report that they represent enough capital to more than pay the company's outstanding bonds and the interest on them." Bank Doors Closed. RICHMOND, Va., Sept. 26.-The Alleghenny bank, at Clifton Forge, closed its doors this morning and announced an assignment. It was organized during the boom of 1890 with a paid up capital of $20,000. and worked under a state charter. The line of deposits foots up about $50,000. It is said 60 per cent of the deposits may be paid and there is talk of reorganization.

3. September 30, 1898 The Semi-Weekly Messenger Wilmington, NC
Article from The Semi-Weekly Messenger, September 30, 1898

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A Bank Suspension Richmond, Va., September 26.-The Allegheny bank at Clifton Forge closed its doors this morning and announced an assignment. It was organized during the boom of '1890 with a paid up capital of $20,000 and worked under a state charter. The deposits foot up about $50,000. It is said 60 per cent. of the deposits may be paid, and there is talk of reorganization.

4. October 1, 1898 The Diamond Drill Crystal Falls, MI
Article from The Diamond Drill, October 1, 1898

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Eight men were killed by a gas explosion in a mine near Brownsville, Pa. The Arena, a high class free silver in has publication of lack of monthly because Boston, suspended support. G. a and his two were by Rosser young daughters Brown, farmer, killed lightning near Batesville, Ark. W. under arrest in N. Y., is said to have marCharles Buffalo, Woodruff, ried than 50 women since 1885. The of the clubs in the for the more percentages National league baseball week on the 25th were: .647; 669; Baltimore, ended Cincinnati, Boston, .611; New Cleveland, .556; Chicago, .543; .523; .519; .489; 444; burgh, York, Philadelphia, Louisville, Brook- Pittslyn, .392; Washington, .323; St. Louis, .267. By the foundering of the lighter Monitor in St. Prior, William Corbier, Marys river John Robare Joseph Emanuel Robare, of and John and Marie, Mich., Foley, Sault of Bay Ste. City, were drowned. JosephTerrell (colored) was hanged at Charlottsville, Va., for the murder of his mother-in-law, Malinda Brown. Corbett announces that his fighting match with McCoy in Buffalo, N.Y., is off. Forest fires in Colorado threatened over half the timber in the state. The annual report of C. M. Barnes, governor of the territory of Oklahoma, shows a rapidly-increasing immigration and a prosperous condition of all the industrial interests of the territory. and says statehood is earnestly desired. At the races in Wichita, Kan., Mar'tha B. broke the record for two-year pacing by making a half mile in 1:04. A congress of mothers, under the auspices of the national organization, will be held in Omaha, Neb., October 8, 9 and 10. A tornado swept over Lima, O., and vicinity, doing an immense amount of damage. Elmer Baty was crushed in- to death and 50 other persons were jured, two fatally. The sovereign grand lodge of Odd Fellows in session in Boston decided that no more insurance licenses will be issued. Every state in the south has established a rigid quarantine against all portions of Mississippi because of yellow fever. The Omaha exposition has in bank $50,000 above its liabilities. The visible supply of grain in the United States on the 26th was: Wheat, 9,308,000 bushels; corn, 19,652,000 bushels; oats, 4,754,000 bushels; bush- rye, 746,000 bushels; barley, 1,156,000 els. Thompson Smith's Sons' sawmill. Chevalued at $150,000. was burned at boygan, John Williams. Mich a negro who lynched seriousstabbed Sherman Dunn, was Tenn. by ly a mob at Mountain City, Trust c The New England Loan & receiver went into the hands of a office pany with heavy liabilities. The home is in Des Moines, Ia. Allegheny bank at Clifton liaForge, The Va., closed its doors with bilities of $50,000. A train went through a trestle were near inTex., and 20 persons of Oak jured Dallas, and Judge G. W. Davis, Clff. was resignation killed. of Gen. Stewart has L. Woodford The as minister to Spain been accepted by E. the Green president. has declined the election Rev. Thomas to be bishopef the Episcopal diocese of of Iowa. John Lied near Fair- two The Minn., barn was burned, and his in the fax, children and three horses perished flames. men who robbed the Sam- post The three Blissfield, Mich., and shot by the uel office Rothfuss, in have been captured sheriff. Rose Sanger and her 13-year-old by illumMrs. were asphyxiated while they daughter inating gas in Milwaukee slept. thousand veterans Springfield, attended Several state fair at a great making the Illinois "old soldiers'' day the success. Robbers blew open the Ind., safe and of esFarmers' bank in $13,000 Flora. after seriously and W. H. Lenon. members The will leave his cabinet 10 for their trip to the caped wounding tober with president over four Washington the proprietor. Omaha com- Oc- of exposition. American Mail Steamship was The Admiral Sampson Phillaunched pany's steamer at the Cramps' yards in adelphia. arctic winter Alaska. has begun in the The Yukon long valley in lecPERSONAL AND POLITICAL the Richard Malcolm died Johnson, in Baltimore, turer and novelist, several months. of Md., Charles after an A. illness Schaeffer, of president

5. December 16, 1898 The Times Richmond, VA
Article from The Times, December 16, 1898

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# Alleghany Bank Dividend. CLIFTON FORGE, VA., Dec. 12.--Special.--The depositors of the Alleghany Bank this morning received the second instalment on the balance to their credit at the time the bank suspended. It was a 30 per cent. dividend, and makes fifty per cent. paid out so far. It will be some time before another dividend is paid, as the assets on hand cannot be realized very soon.

6. December 31, 1898 The Diamond Drill Crystal Falls, MI
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.

7. January 1, 1899 Marietta Daily Leader Marietta, OH
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.

8. January 3, 1899 Twice-A-Week Plain Dealer Cresco, IA
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.

9. January 6, 1899 The Iola Register Iola, KS
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.

10. January 7, 1899 The Cape Girardeau Democrat Cape Girardeau, MO
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.

11. January 7, 1899 Perrysburg Journal Perrysburg, OH
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.

12. January 13, 1899 The Holly Chieftain Holly, CO
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.

13. January 13, 1899 The Jasper Weekly Courier Jasper, IN
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.

14. January 13, 1899 Barton County Democrat Great Bend, KS
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.