Article Text
Savings Bank Suspends Sioux City, March 17-The Home City savings bank of Sioux City closed its doors this morning and a receiver has been appointed for it. As a result about $100,000 in school funds is tied up.
Home Savings Bank (Sioux City, IA)
Episode Information
- Episode UID
3094985391179- Episode Type
- Suspension → Closure
- Bank Type
- savings
- Bank ID
-
309498539hash - Start Date
- March 17, 1898
- Location
- Sioux City, Iowa (42.500, -96.400)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
f55fbbe9f0515f60
Response Measures
None
Description
Multiple contemporaneous reports state the bank closed and a receiver was appointed; school funds were notably tied up.
Events (2)
1.
March 17, 1898
Receivership
- Newspaper Excerpt
- closed its doors yesterday afternoon and later a receiver was appointed.
- Source
- newspapers
2.
March 17, 1898
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Threatened withdrawal of $50,000 in school funds after cashier H. S. Hubbard's election defeat precipitated the bank's failure.
- Newspaper Excerpt
- The Home Savings bank of Sioux City closed its doors this morning and a receiver has been appointed for it.
- Source
- newspapers
Newspaper Articles (21)
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Sioux City Bank Closer. Sioux City, March 17-The Home Sav in is bank closed its doors yesterday af ternoon and later a receiver was ap pointed.
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BRIEFS. TELEGRAPHIC The pioneer fruit firm of Luke G. Sresovich, San Francisco, has suspended, owing to financial difficulties. The National City bank, New York. an1 nounces $200,000 and the Guaranty Trust company $250,000 more gold for import. J. G. Schriever, traffic manager of the Atlantic system of the Southern Pacific railroad, died in New York yesterday. At Port Deposit. Md., Jacob Tome, the millionaire philantrophist and founder of the "Jacob Tome institute," died there of pneumonia. Between 7,000 and 8,000 people crowded in Madison Square garden last night, at New York, to witness the contests of the military tournament. Senor Sandoval, the Spanish agent in Berlin, is negotiating for the purchase of old and slow steamers of the North German Lloyd Steamship company. The Benson bank founded by the late Judge William Benson of Waterford, suspended today at Erie, Pa. No statement of assets and liabilities is made. At Half Moon Bay, Cal., the wrecked s ship New York is rapidly sinking in her bed of sand. and in a few days more she will probably be entirely covered. At Sioux City, Ia., the Home Savings bank closed its doors. The assets are said to be $100,000 and the liabilities $60,000, of which $50,000 are school funds. In the Canadian house of commons the Canadian Yukon railway bill was read a third time and sent to the senate, where many believe it will meet its death blow. General Elanco gave a banquet at the palace to the officers of the Vizcaya and the Almirante Oquendo. The high officials of the autonomous government were present. A basket filled with the best trained carrier pigeons from the training station at Newport. R. I., has been shipped to League Island for use on board the cruisers Minneapolis and Columbia. In a day or two the California Jockey club will purchase the Oakland race track. Nearly all the details have been arranged for the transfer of the property. The price to be paid is about $125,000. The American line steamer St. Louis sailed for Southampton yesterday. The board for the inspection of auxiliary cruisers decided that they would not require the steamer for armament at present. At Skaguay last Saturday night the committee of 101 waited on "Soapy" Smith and ordered him to leave town within 24 hours. He was still there when the City of Seattle left Sunday forenoon. Consul General Lee, Captain Sigsbee and the correspondents will be photographed in a group today on board the United States cruiser Montgomery, by the courtesy of Captain Converse, the commander of that vessel, who will also be in the picture. Reports from all sections of California show that the crop conditions throughout the state are critical. A heavy rain within the next few days would save the grain on-thousands of acres of wheat and barley and insure good crops in many places where otherwise there will be scant harvests. M. Shirasha of Japan left San Francisco on his way to England to inspect three large steamers now being completed for the steamship company known as the Toyo Kisen Kaisha. They will run in connection with vessels of the Pacific Mail and Occidental and Oriental companies, these companies having signed a compact for a joint service across the Pacific.
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TWO BANKS CLOSE. One at Sioux City Carried $50,000 of the School Fund. Sioux City, Ia., March 17.-The Home Savings bank has closed its doors. The assets are said to be $100,000 and the liabilities $60,000, of which $50,000 are school funds. Erie, Pa., March 17.-The Benson bank, founded by the late Judge William Benson, of Waterford, has suspended. No statements of assets and liabilities is made.
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An Iowa Bank in Trouble. Sioux City, Iowa, March 7.-The Home Savings Bank of Sioux City, closed its doors yesterday afterneon and later on a receiver was appointed for the institution. The assets are given as $100,000 with total llabilities of $65,000. The receiver says that from what he has seen of the condition of the institution it will pay fully in a short time.
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Iowa Savings Bank Fails. SIOUX CITY, Iowa, March 17.-The Home Savings bank, a small institution, closed its doors yesterday and is now in the hands of a receiver. Assets are placed at $100,000, with liabilities of $80,000, of which $50,000 are school funds.
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Small Sioux City Bank Fa 1s. SIOUX CITY, Ia., March 18.-The Home Savings bank, a small institution, closed its doors during the afternoon and is now in the hands of a receiver appointed on application of the bank officials. Assets are placed at $100,000, with liabilities of $60,000.
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LATER. A joint resolution in favor of the annexation of Hawaii was reported to the United States senate on the 16th. T.V. Powderly was confirmed as commis sioner of immigration. In the house Mr. McCleary presented a protest from the people of Minnesota against unrestricted Immigration. The Cuban question and Hawaiian annexation were dis. cussed. In Mount Pleasant, Mich., the Peo ple's savings bank safety vault was robbed of $3,000. The funeral of Maj. Gen. W.S. Roseclans took place in Los Angeles, Cal., and all business was suspended during the ceremony. In convention at Providence, R.I., the republicans renominated Elisha Dyer for governor. The heaviest frost of the season occurred in California, doing serious damage to the fruit crop. The populist state convention at Atlanta, Ga., nominated Thomas E. Watson for governor. The Spanish fishing smack Carmen was seized at Punta Gorda, Fla., by United States officials for violation of the navigation laws. Five persons committed suicide in St. Louis on the same day. The Home savings bank closed its doors in Sioux City, Ia., with liabilities of $60,000. Fire destroyed nearly 4,000,000 feet of lumber in Kennedy's lumber yard at Rib Lake, Wis. The cruiser Montgomery has been withdrawn from Havana and will join the fleet of warships near Key West. The board of inquiry into the Maine disaster has given out no intimation when its report will be ready. The chief of Merere, with 80,000 followers, has rebelled against German rule in Uheheland, Africa. George H. Leonard, city marshal of Cameron, Mo., was murdered by a negro burglar. The United States navy will not be withdrawn from the Key West station at the suggestion of Spain. The Benson savings bank in Waterford, Pa., closed its doors with liabilities of $40,000. Fire destroyed the Ayer building in Chicago, occupied by piano firms, the Presbyterian Publication society and other industries, causing a loss of over $500,000, and six persons are known to have lost their lives in the flames, 17 others were missing and 34 were injured, some probably fatally.
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An Iowa Bank Falls. Sioux City, Ia., March 17.-The Home savings bank, a small institution, closed its doors Wednesday afternoon and is now in the hands of a receiver appointed on application of the bank officials. No other institution or bank is in any way affected. Assets are placed at $100,000, with liabilities of $60,000, $50,000 of which are school funds.
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WEST AND SOUTH. The Press association in Arizona has unanimously adopted a resolution in favor of the recognition of the belligerency of Cuba by the United States government. In Chicago fire destroyed the Ayer building, occupied by piano firms, the Presbyterian Publication society and other industries, causing a loss of over $500,000, and six persons are known to have lost their lives in the flames, 17 others were missing and 34 were injured, some probably fatally. The People's savings bank safety vault in Mount Pleasant, Mich., was robbed of $3,000. Maj. Gen. W. S. Rosecrans' funeral took place in Los Angeles, Cal., and all business was suspended during the ceremony. In southern California the heaviest frost of the season occurred, doing serious damage to the fruit crop. In convention at Atlanta, Ga., the populists nominated Thomas E. Watson for governor. United States officials seized the Spanish fishing smack Carmen at Punta Gorda, Fla., for violation of the navigation laws. In St. Louis five persons committed suicide on the same day. In Sioux City, Ia., the Home savings bank closed its doors with liabilities of $60,000. Flames destroyed nearly 4,000,000 feet of lumber in Kennedy's lumber yard at Rib Lake, Wis. The United States cruiser Montgomery has been withdrawn from Havana and has joined the fleet of warships near Key West. A negro burglar murdered George H. Leonard, city marshal of Cameron, Mo. At Anderson, Ind., James Harrington shot his wife dead and then killed himself. No cause was known for the deed. A mob at Marcella, Ark., lynched a negro boy accused of stealing $20. At Mendon, Mich., Elizabeth Babcock died, aged 100 years and 3 months. Fire wiped out one-half of the business portion of Perry, III. At his home in Chicago Adam Adamcek celebrated his one hundred and fifteenth birthday. At Cleveland. O., John J. Shipherd was indicted on the charge of embezzling $150,000 belonging to the Fort Wayne (Ind.) Street Railway company.
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Sioux City Bank Failure. SIOUX CITY, March 18.-The Home Savings bank, a small institution, closed its doors yesterday afternoon and is now in the hands of a receiver appointed on the application of the bank officials. No other institution or bank is in any way affected. Assets are placed at $100,000, with liabilities of $60,000, of which $50,000 are school funds.
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Savings Bank Closed. The Home savings bank, of Sioux City, has closed its doors, and a receiver has been appointed. The assets of the bank are given at $100,000, with total liabilities of $65,000. The worst feature of the suspension is the fact that it has the money of the school district of Sioux City on deposit. The amount is $50,000, all of the available cash of the district.
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SIOUX CITY BANK CLOSES. Sioux City, Ia., March 17.-The Home Savings bank, a small institution, closed its doors yesterday, and is now in the hands of a receiver. No other institution or bank is in any way affected. The assets are $100.000 and the liabilities $60,000, $50,000 of which are school funds.
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Election Affected a Bank Sioux City, Iowa, March 19.-Owing to the recent defent of Cashier H. S. Hubbard for school treasurer, and the consequently threatened withdrawal of $50,000 school funds, the Home Savings bank has failed and a receiver has been appointed. The concern had no connections among other banks in the city, and its assets are pronounced sufficient to cover all claims.
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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.
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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.
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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.
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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.
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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.
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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.
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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.