Article Text
RECEIVER'S STATEMENT. Chicago, Jan. 5.-William Ames, the receiver of the Calumet Bank, today filed a statement. He places the assets at $99,983, upon which, however, he places a value of $74,329. Total liabilities are placed at $70,640.
Calumet National Bank (South Chicago, IL)
Episode Information
- Episode UID
310201165- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
31020national - Charter Number
- 3102
- Start Date
- January 1, 1897*
- Location
- South Chicago, Illinois (41.850, -87.650)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
d931f5b91177fcf6
Response Measures
None
Receivership Details
- Depositor recovery rate
- 53.5%
- Date receivership started
- 1931-10-07
- OCC cause of failure
- Economic conditions
- Share of assets assessed as good
- 19.4%
- Share of assets assessed as doubtful
- 70.5%
- Share of assets assessed as worthless
- 10.0%
Description
Articles refer to the institution as Calumet Bank in Chicago; likely same as Calumet National Bank in South Chicago.
Events (4)
1.
January 4, 1884
Chartered
- Source
- historical_nic
2.
January 1, 1897*
Other
- Newspaper Excerpt
- Receiver appointed for the Calumet Bank at Chicago. Assets, $74,325; liabilities, $70,640.
- Source
- newspapers
3.
January 5, 1897
Receivership
- Newspaper Excerpt
- Chicago, Jan. 5.-William Ames, the receiver of the Calumet Bank, today filed a statement. He places the assets at $99,983, upon which, however, he places a value of $74,329. Total liabilities are placed at $70,640.
- Source
- newspapers
4.
October 7, 1931
Receivership
- Source
- historical_nic
Newspaper Articles (2)
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Article Text
Garwood's Sarsaparilla-for the blood -guaranteed to cure. A.B. RAINS THE RECORD OF PROSPERITY, As Told in the Headlines of City Dailies. The following short paragraphs, clipped from the headlines of large city dailies, tell in a nutshell the inroad "prosperity" is making upon the commercial world: Omaha Savings Bank closes its doors.-Liabilities $890,000. Western Paper Bag Company of Batavia, Ill., in a receiver's hands.Liabilities will probably exceed $100,000. Run on First National Bank at Cripple Creek, Col. Fargo (N. D.) Bank Fails, with capital of $100,000. Strain too much for W. A. Hammond, Vice-President of the collapsed Bank of Illinois.-Seeksrelie from troubles at the lake's bottom. Crisis threatens the financial affairs of St. Paul, Minn.-Three institutions close their doors in one day. At Devil's Lake, N. D.-Merchants' National Bank suspends further operations. Runs on other banks at St Paul. Receiver appointed for the Iowa Mortage Co. Liabilities $5,000. Ornamental Iron & Fence Co., of Chattanooga, 1 assigns. For $62,000.-Foreclosure entered against Venice Grain Elevator Co., of Springfield, Ill. First City Bank of Nora Springs, Ia., has failed. Liabilities $30,000.-H. Ridder & Co., of Quincy, Ill., have failed. The disgrace was too mnch.-Richard Cornelius, Cashier of the National Farmers' and Planters' Bank, of Baltimore, committed suicide last Monday by drowning e himself. He was $60,000 short in his accounts. y t Assignments at Memphis.-The Southern Paper & Woodenware Co., 5 with a total liability of $43,978. A. e H. Kortrecht & Co., and Tate & n Barbee, two smaller concerns, also 6 succumb. e Receiver appointed for the Calu1met Bank at Chicago. Assets, $74,325; liabilities, $70,640. At Sedalia, Mo.-The Van Wagener-Hanney Shoe Co., oldest and 0 largest house in the city, closes its m doors.