Elkart National Bank (Elkhart, IN)

View Charter #2502 on SPMC View balance sheet

Episode Information

Episode UID
250201225
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
25020 national
Charter Number
2502
Start Date
January 16, 1902
Location
Elkhart, Indiana (41.682, -85.977)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8b4bb042ab6f2433

Response Measures

None

Description

Newspapers consistently print the name as 'Elkhart National Bank' (correcting apparent prompt typo 'Elkart').

Events (4)
1. January 12, 1881 Chartered
Source
historical_nic
2. September 5, 1899 Voluntary Liquidation
Source
historical_nic
3. January 16, 1902 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Receiver appointed amid stockholder dispute and internal irregularities reported.
Newspaper Excerpt
A receiver has been appointed for the Elkhart National bank. There seems to be a row among the stockholders.
Source
newspapers
4. December 11, 1903 Receivership
Newspaper Excerpt
ELKHART NATIONAL FAILURE. No Hope of Creditors Being Paid in Full. ... F. F. Oldham ... investigating the Elkhart National Bank failure ... This failure ... appears to be a bad one ... Receiver Bosworth ... issued a call on the stockholders for an assessment of 100 per cent.
Source
newspapers

Newspaper Articles (10)
1. January 16, 1902 The Plymouth Tribune Plymouth, IN
Article from The Plymouth Tribune, January 16, 1902

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Article Text

Mr. and Mrs. Joseph Janke, 01 Tippecanoe, spent Sunday here with Frank Janke. Dick Brakel, who has been seriously sick and was threatened with brain trouble, is improving. Miss Jessie Jarrel, of Tyner, after visiting relatives at Donaldson, returned home Saturday morning. President Schwab of the steel trust passed through this city Friday in his special car en route to the Pacific coast. WANTED-Girl with references, for general housework; apply at this office. A receiver has been appointed for the Elkhart National bank. There seems to be a row among the stockholders. Miss Theresa Miller returned to Mishawaka after spending a few days with her parents, Mr. and Mrs. Mathias Miller. Miss Dora Fogel gave an assembly after dancing school Friday evening. There were about twenty-five couples attended. A number of Plymouth people attended a box social at the Roberts school house Saturday evening and had a good time. Palmer Helpman, of Chicago, was in this city Friday evening on his way to Bourbon to visit his grandfather, who is quite ill. Mrs. James Philipsof Aurora, Ill., after a two month's visit with her sister, Mrs. Holtorf, returned to her home Saturday. Leonard Shafer, the night watch has moved from the corner Miner and William streets to the Mrs. Huff house on South Michigan street. Marriage licenses issued Saturday to Clyde K. Smith and Cora E: Eversale, Jesse A. Roher and Anna Iler, Harvey J: Hatfield and Ella Wolf. Judge Alfred Moore, author of a widely used text-book on criminal law and formerly a resident of Huntington, is dead at his home in Chicago. The Plymouth Bowling Team defeated the Bremen Team at the Bowling Alley. Plymouth won two games out of three and beat Bremen by is total of 33 pins in the three games. The remains of Edward Mock who died in Indian Territory January 2, have been brought to the home of his father in West township and the funeral was held at the Dunkard church at 11 a. m. Sunday. Cleatus, the seven-year old son of Frank Hammond, died Friday night at five o'clock of pneumonia caused by diptheria. The funeral was held privately Saturday afternoon at two o'clock with burial at Stringer Cemetery. School at Purdue opened last week with an enrollment of 1,153 students. Of this number 10 are from St. Joseph county, 13 from Elkhart, 17 from Laporte and six from Marshall. There are about 90 men taking the short course in agriculture. Beatrice Genevieve, the three-year daughter of Mr. and Mrs. Nelson Rodgers, died Saturday morning at five

2. December 11, 1903 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, December 11, 1903

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Article Text

ELKHART NATIONAL FAILURE. No Hope of Creditors Being Paid in Full. Elkhart, Ind., Dec. 11.-F. F. Oldham, chief of the insolvency bureau of the treasury department. who has been investigating the Elkhart National Bank failure, said yesterday: "This failure. compared to many ther bank failures I have investigated, appears to be a bad one, and there is 10 hope of the institution paying its reditors in full." He added that there was reason for he department of justice to investirate the failure and bring to ligh: many important facts. John Lusher, who was called upon by Receiver Bosworth to explain why the bank records showed he owed It $17,000 after he had settled with the bank In full and supposed he had $3,000 to his credit, has engaged lawyers and will sue for an accounting. H. E. Bucklen, of Chicago, has found himself in much the same predicament as Lusher. Mr. Buckles. with several of the bank officials, was on a joint note. As interest fell due he forwardd his checks on the Indiana National for his share. He did not discover until on Sunday that these checks had been held up. The amount is said to be between $1,000 and $1,500.

3. December 16, 1903 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, December 16, 1903

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Article Text

MUST PAY PAR VALUE OF STOCK THEY HOLD Assessment of 100 Per Cent. on the Shareholders of the Elkhart National Bank Made by Receiver. THOSE WHO MUST PAY Special to the Indianapolis Journal. ELKHART, Ind., Dec. 15.-Receiver Bosworth, of the Indiana National Bank, today issued a call on the stockholders for an assessment of 100 per cent. The list of stockholders would not be given out at the bank to-day, but the following was the list as reported to the assessor last April: J. L. Brodrick, 190 shares; Peltire Hill, 180; A. W. Collins, 160; Edward Finn, 100; John H. Brodrick, 70; W. L. Collins, 60; S. B. Short, 40; I. W. Short, 30; John R. Daley, 30; Hattie A. Weed, of Cleveland, 25; O. N. Lumbert, of New York, 25; Prudence Collins, 20; W. H. Anderson, 20: Walter Brown, 20; D. N. Weaver, 10; D. C. Thomas, 10; Athetia Lumbert, of Detroit, 7. A. W. Collins and Miss Prudence Collins are father and sister of W. L. Collins and live in Knoxville, Ia. It is doubtful if all can pay the full amount of the asessment. Robert Lyons, an expert accountant, who came from Washington the day after the failure, returned to-night, having caught a severe cold, which has affected his eyes. Bank Examiner J. M. McIntosh, of Connersville, who arrived Sunday night, is working under the direction of the Department of Justice, not the Treasury Department. The results of his investigations are to be used in the prosecution of persons accused of irregularities.

4. December 18, 1903 The Ely Miner Ely, MN
Article from The Ely Miner, December 18, 1903

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Article Text

with typhoid fever at Butler, Pa., and Mayor Kennedy has appealed to the world for help. In sinking an artesian well near Cheyenne, Wyo., the drill at a depth of 265 feet penetrated a lake or stream and water spouted out to a height of 40 feet. Soundings failed to find bottom. Prof. J. D. Robertson, in a lecture to an Eclectic society in Chicago, declared doctors will have nothing to do when people stop bathing. Clarence Walker, aged seven, was saved from drowning in a lake near Kenosha, Wis., by his six-year-old sister, who threw a scarf to him and held him from sinking. The Goulds have gained an entrance to Cleveland for the Wabash road, using trackage rights over the new Erie cut-off. Secretary Cortelyou, in his report, says the new department of commerce and labor has no authority to settle disputes between employer and employe. Chairman Foss, of the naval affairs committee, consulted with President Roosevelt on the necessity for a larger navy. Zion City celebrated the dismissal of the receivers and Dr. Dowie announced to his followers that the town will hereafter be on a cash basis. A schedule of 145 games next season was decided on by the National Baseball league conference at New York. President Roosevelt has decided to appoint Thomas J. Atkins, chairman of the republican state committee of Missouri, to be assistant United States treasurer at St. Louis. Dr. Edwin Holt Hughes has been inaugurated president of De Pauw university at Greencastle, Ind. Orders have been received at the Brooklyn navy yard directing that the battleship Indiana go out of commission for repairs. The winter wheat area is estimated by the government's report at 32,000,000 acres, a decrease of six per cent from 1902. A committee of the Louisiana Purchase Exposition company at St. Louis will ask congress for an additional appropriation of $4,000,000. Miss Elizabeth Gillespie, of Rising Sun, Ind., died of shots fired through a window of her home and her twin brother was called before a grand jury for examination. Mme. Nordica has entered suit in the New York courts for a divorce from her husband, M. Doeme. The National Contractors' conference held its first meeting in Chicago and made plans for a permanent association. Rioters brutally assaulted the non-union crew of a Chicago city railway car and wrecked the car. In navigating the great lakes during the season just closed 94 lives were lost, ten being passengers. Mrs. Mary McKnight was convicted at Cadillac, Mich., of poisoning her brother, his wife and their baby, and was given a life sentence. Eight thousand independent telephone companies will be merged into a combine with $35,000,000 capital, according to plans of the Interstate association. The Elkhart (Ind.) national bank, which failed recently, cannot pay creditors in full, according to a United States treasury official. War between the United States and Germany over the latter's encroachments in South America is reported to have been predicted by Gen. MacArthur at the Hawaiian conference. The Standard Oil officials ordered bloodhounds sent to Montpelier, Ind., where some one opened the valves of five immense tanks and permitted the oil to escape. Fifteen persons were injured and Frank A. La Salle killed in a train collision near Steubenville, O.

5. December 30, 1904 The Virginia Enterprise Virginia, MN
Article from The Virginia Enterprise, December 30, 1904

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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 30-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat. bank. 9-McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Peila (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 21-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank....E. O. Miller, National bank banker, Providence, Ia of Holdenville, Ind. T., suspends operaHons. 81-Union Trust, Boston; $1,600,000....Federal Trust, Cleveland; $1,000,000. Apr +Capital Nat. bank, Guthrie, Okla.; $1,033.000 W. B. Mack, New York.

6. January 5, 1905 Iron County Register Ironton, MO
Article from Iron County Register, January 5, 1905

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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 80-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat, bank. 9--McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 2i-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank....E. O. Miller, banker, Providence, la National bank of Holdenville, Ind. T., suspends operations. 81-Union Trust, Boston: $1,600,000...Federal Trust. Cleveland; $1,000,000.

7. January 6, 1905 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, January 6, 1905

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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 30-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat. bank. 9-McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 21-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank....E. O. Miller, banker, Providence, Ia National bank of Holdenville, Ind. T., suspends operaHons. B1-Union Trust, Boston; $1,600,000. Federal Trust, Cleveland; $1,000,000. Apr. 4-Capital Nat. bank, Guthrie, Okla.; $1,033,000.... W. B. Mack, New York.

8. January 6, 1905 The Bourbon News Paris, KY
Article from The Bourbon News, January 6, 1905

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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (Ia.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches st Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 30-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co Clarksburg (W. Va.) Traders' Nat. bank. 1-McGruder (Tex.) Citizens' Nat. bank. Id-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; 21-Lonaconing $17,000,000. (Md.) Savings bank. 22-Riverside (Cal.) bank E. O. Miller, banker, Providence, Ia National bank of Holdenville, Ind. T., suspends operaHons. 1-Union Trust, Boston; $1,600,000 Federal Trust, Cleveland; $1,000,000. Apr. 4--Capital Nat. bank, Guthrie, Okla.; $1,033,000 W. B. Mack, New York.

9. January 6, 1905 Middlebury Register Middlebury, VT
Article from Middlebury Register, January 6, 1905

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Business Failures Jan. 11-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (O.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. BO-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat. bank. 9-McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank: $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 21-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank E. O Miller, banker, Providence, Ia National bank of Holdenville, Ind. T., suspends operations. 81-Union Trust, Boston: $1,600,000 Federal Trust, Cleveland: $1,000,000. Apr. 4-Capital Nat. bank, Guthrie, Okla.; $1,033,000 W. B. Mack, New York.

10. February 4, 1905 St. Tammany Farmer Covington, LA
Article from St. Tammany Farmer, February 4, 1905

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Business Failures Jan. 11-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (Ia.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches at Belford, Hudson and De23-Elkhart flance. (Ind.) Nat. bank. 80-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat. bank. 9-McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. (Ia.) Savings bank. $150,000 Tanton Mar. (Minn.) bank; $95,000. 11-Garden Grove and Coin (la.) banks. 18-Daniel Sully, New York cotton king; 2e of Holdenville, Ind. T., suspends opera81-Union tions. Trust, Bocton; $1,600,000 Federal Trust, Cleveland: $1,000,000.