Farmers Trust Company (Sioux City, IA)

Episode Information

Episode UID
3284588991164
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
328458899 hash
Start Date
December 30, 1896
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
965548a04fbad64c

Response Measures

None

Events (2)

1. December 30, 1896 Receivership
Newspaper Excerpt
The appointment was made on application of W. T. Hensinger, vice president of the company.
Source
newspapers
2. December 30, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Inability to realize on assets / tightness of the money market made it impossible to meet obligations.
Newspaper Excerpt
The Farmers' Trust company has gone into the hands of a receiver.
Source
newspapers

Newspaper Articles (13)

Article from The Austin Weekly Statesman, December 31, 1896

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Article Text

IN A RECEIVERS HANDS. Sioux City, Iowa, Dec. 29.-The Far, mers' Trust company has gone into the hands of a receiver. The appointment was made on application of W. T. Hensinger, vice president of the company. Liabilities, $135,000; assets, $238,000, consisting principally of notes, secured by real estate mortgages.


Article from The Stark County Democrat, December 31, 1896

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Article Text

A Failure In Iowa. SIOUX City, Ia., Dec. 30.-The Farmers' Trust company has gone into the hands of a receiver. The appointment was made on application of W. T. Honsinger. vice president of the company. The liabilities are $135,000; assets, $238,000.


Article from The Bryan Daily Eagle, December 31, 1896

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Article Text

In a Receiver's Hands. SIOUX CITY, Ia., Dec. 30.-The Farmers' Trust company is in the hands of a receiver. Inability to realize on assets is given as the cause of the failure.


Article from The Sauk Centre Herald, December 31, 1896

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Article Text

Trust Company Assigns. SIOUX CITY, Ia., Dec. 30.-The Farmers' Trust company has gone into the hands of a receiver. The appointment was made on application of W. T. Honsinger, vice president of the company. The liabilities are $135,000; assets, 238,000. Assets consist principally of notes secured by real estate mortgages.


Article from Little Falls Weekly Transcript, January 1, 1897

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Article Text

Trust Company Assigns. SIOUX CITY, Ia., Dec. 30.-The Farmers' Trust company has gone into the hands of a receiver. The appointment was made on application of W. T. Honsinger, vice president of the company. The liabilities are $135,000; assets, 238,000. Assets consist principally of notes secured by real estate mortgages.


Article from Semi-Weekly Register, January 2, 1897

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Article Text

Trust Company Assigns. SIOUX CITY, Ia., Dec. 30.-The Farmers' Trust company has gone into the hands of a receiver. The appointment was made on application of W. T. Honsinger, vice president of the company. The liabilities are $135,000; assets, 238,000. Assets consist principally of notes secured by real estate mortgages.


Article from Red Lodge Picket, January 2, 1897

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Article Text

Farmers' Trust Company Suspends. Sioux City,, Iowa, Dec. 29.-The Farmers' Trust Company has gone into the hands of a receiver. The appointment was made on application of A. T. Honsinger, vice president of the company. Liabilities $135,000; assets $238,000.


Article from Spirit of the Age, January 2, 1897

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Article Text

Failure of Sioux City Trust Co. SIOUX CITY, Ia., Jan. 1 -The Farmers Trust Company went into the hands of a receiver. Tightness of the money market rendered it impossible for the company to meet its debentures when the makers of notes on which they were secured defaulted payments. Assets $238,000, liabilities $135,000.


Article from Willmar Tribune, January 5, 1897

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Article Text

Trust Company Assigns. Sioux Ciry, Ia., Dec. 30.-The Farmers' Trust company has gone into the hands of a receiver. The appointment was made on application of W. T. Honsinger, vice president of the company. The liabilities are $135,000; assets, 238,000. Assets consist principally of notes secured by real estate mortgages.


Article from River Falls Journal, January 7, 1897

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Article Text

WEST AND SOUTH. The death of Mrs. Lucy Aldrich occurred at Butler. Ind., aged 101 years. In Springfield Miss Cora Edith Eng lish was married to John Riley Tanner, governor-elect of Illinois. The ceremony was performed in St. Paul's procathedral by the rector, Rev. F. W. Taylor. Fire destroyed the factory of the Nelsonville (0.) Sewer Pipe company, the loss being $100,000. Over 1,000 relatives and friends witnessed the wedding at Rock House, Ky., of William Sexton, 103 years old, to Mrs. William Craft, 101 years. Mrs. D. M. Conrad, a teacher in the public schools at Holdredge, Neb., was shot by her husband, he then shot himself. Domestic trouble was the cause. In Minneapolis, Minn., the Bankers' exchange bank has suspended payment. At Selma, Ala., the Commercial state bank closed its doors with liabilities of $300,000. The republican executive committee of Tennessee has decided to contest the election of Robert L. Taylor for the seat of governor of the state. Again stories are told by passengers arriving in Key West, Fta., from Cuba that Antonio Maceo is not dead, but that he is in a hospital recuperating from his wounds. At Beatrice, Neb., the Farmers' & Merchants' state bank went into volun. tary liquidation. Arthur Clement and Moses Dent were drowned at Faribault, Minn., while skating on thin ice. The Western Commercial Travelers' association, at the annual meeting in St. Louis, elected Robert B. Dnla, of St. Louis, president. Fire damaged the Coilinsville (III.) zine works owned by Mesker Bros., of St. Louis. to the extent of $100,000. Despondent because of poor health, Joseph B. McCullagh, aged 54, editor of the Globรฉ-Democrat, threw himself from a window in the third story of his residence in St Louis and was killed. A counterfeit ten dollar national bank note on the Union national bank of Detroit, Mich., is in circulation. One distinguisliable feature is that the back of the note is upside down. Gov. Harris, of Indian territory, has called the legislature to meet in extraordinary session at Tishmingo January 5. The doors of the Commercial national bank of Roanoke, Va., were closed with liabilities of $100,000. Unknown persons murdered William W. Whaley and wife, living near Seaviersville. Tenn. At the age of 28 years Henry Gordon Forker, until recently managing editor of the Chronicle, died at his home in Chicago. in Sioux City, la., the Farmers' Trust company failed with liabilities of $135,000. In Minneapolis the Columbia national bank closed its doors with liabilities of $247,000, and the Washington bank. a state institution in the same city, also suspended. At Forest City, S. D., F ward Ross shot and killed is SW retheart, Miss Mary Brehl, at ae home of her sister, Mrs. Stew irt, nid then killed himself.


Article from The Worthington Advance, January 7, 1897

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Article Text

The News Condensed. Important Intelligence From All Parts. DOMESTIC. Gov. R. M. Harris, of Indian territory, has called the legislature to meet in extraordinary session at Tishmingo January 5. At the annual meeting in Chicago of the Northwestern Traveling Men's association William H. Cribben was elected president. The death payments for the year amounted to $169,400. Lane county, Kan., has formally been declared insolvent by the county commissioners. A new counterfeit ten dollar national bank note on the Union national bank of Detroit, Mich., is in circulation. One distinguishable feature is that the back of the note is upside down. It is announced that Gov. Bradley inlends to resign the office of governor of Kentucky at an early date because of failing health. The wedding of Count Adam de Moltke Huitfeldt, of Denmark, and Miss Louise Eugenie Bonaparte, daughter of the widow of the late Jerome Bonaparte, took place in Washington. The People's Electric Light & Power company's plant at Newark, N. J., was burned, the loss being $175,000. The Columbia national bank in Minneapolis closed its doors with liabilities of $247,000, and the Washington bank, a state institution in the same city, also suspended. The Commercial national bank of Roanoke, Va., closed its doors with liabilities of $100,000. William W. Whaley and wife, living near Seaviersville, Tenn., were murdered in their home by unknown persons. Henry F. Strauss, aged 72, county clerk of Langlade county, Wis., committed suicide at Antigo. He was a defaulter to the amount of $3,770. It is officially denied at the state department in Washington that Spain has consented to grant home rule to Cuba. Edward Rosa shot and killed his sweetheart, Miss Mary Brehl, at the home of her sister, Mrs. Stewart, in Forest City, S. D., and then killed himself. Jealousy was the cause. For the first time since the present struggle in Cuba began this government has given permission to a customs official to clear for Cuba a vessel (the Dauntless) loaded, according to its manifest, with munitions of war, and presumably intended for the insurgent army. At Holdredge, Neb., Mrs. D. M. Conrad, a teacher in the public schools, was shot by her husband, who then shot himself. Domestic trouble was the cause. The Farmers' Trust company at Sioux City, Ia., failed with liabilities of $135,000. The factory of the Nelsonville (0.) Sewer Pipe company was burned, the loss being $100,000. Mrs. Elias Tucker, aged 54 years, and her step-daughter, Mrs. William Siebel, aged 30, were killed by an explosion of dynamite at Reading, Pa. Stories are again told by passengers arriving in Key West, Fla., from Cuba that Antonia Maceo is not dead, but that he is in a hospital recuperating from his wounds. Levi P. Wyman, aged 64, a famous restaurateur and the founder of "Wyman's sandwich depots," died in Boston from exhaustion produced by three weeks' violent hiccoughing. Willia Lichenberg, 22 months old, and his ten-weeks-old brother Jacob, were suffocated by coal gas at their home in New York. The Bankers' exchange bank at Minneapolis, Minn., has suspended payment. The Commercial state bank of Selma, Ala., closed its doors with liabilities of $300,000. At the annual meeting in St. Louis of the Western Commercial Travelers' association Robert B. Dula, of St. Louis, was elected president. The Farmers' & Merchants' state bank at Beatrice, Neb., went into voluntary liquidation. Comptroller of the Currency Eckels says that he feels no apprehension over the bank failures which have occurred of late throughout the country. Joseph B. McCullagh, aged 54, editor of the Globe-Democrat, threw himself from a window in the third story of his residence in St. Louis and was killed. He had been in poor health for a long time. After a short absence the wife of George Duttera returned to her home near York, Pa., and found her three children burned to death. Moses Dent and Arthur Clement were drowned at Faribault, Minn., while skating on thin ice. The total number of persons who committed suicide in the United States during 1896 is 6,520, as compared with 5,758 in 1895. The Collinsville (III.) zinc works, owned by Mesker Bros., of St. Louis, were damaged by fire to the extent of $100,000.


Article from The Red Cloud Chief, January 8, 1897

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Trust Company Goes Under. SIOUX CITY. Iowa, Dec. 31. - The Farmers' Trust company has gone into the hands of a receiver. The appointment was made on application of W. T. Housinger, vice president of the company. The liabilities are $135,000, assets, $238,000.


Article from The Democratic Advocate, January 9, 1897

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patches. MONTPELIER, VERMONT, January 2.-The Farmers' Trust Company, of Sioux City, Iowa, which closed its doors this week, was an institution in which many people in this vicinity had faith, and the failure will prove a hard blow to its Vermont investors. It is estimated that $100,000 in stock of the company was held in this county. According to returns since the failure, eighty per cent. of the liabilities of $135,000 is said to be due the people of this state. Frank A. Dwinell, the president, George W. Wing, the treasurer, and Clark King, one of the directors, reside here, and the company had an office in this city. Yest's Weekly, Republican, of Staunton, Virginia, has been placed in the hands of a receiver. LIBERTY, IND., Jan. 3.-Henry Husted, cashier of the Union County National Bank of Liberty, Indiana, was found hanging by the neck to a rafter in his stable Saturday. His knees were touching the floor, and he was dead when found by his Husted's financial affairs were believed to be in good condition. He was 67 years old. The past year was a bad one for railroads, since 5,441 miles went into the hands of receivers, involving $178,064,000 of bonds and $102,538,000 of stocks. The B. and O., with 2,094 miles, and the Louisville, New Albany and Chicago, with 501 miles, were the principal sufferers. The present era of receiverships began, says the Railway Age, in 1892, when 10,508 miles of road were involved. In 1893 the milleage was 29,340 miles, in 1894 it was 7,025 miles, in 1895 it was 4,089 miles. To find like figures we have to go back to 1885, when 8,386 miles went into receivers' hands. and 1884, when the mileage was 11,038 miles. In the intermediate years the average was little over 2,000 miles. The five years beginning with 1892 broke the record. Foreclosures in 1896 affected 1,373 miles and $1,150,377,000 of stocks and bonds. Since 1876 the sales under foreclosure have aggregated 89,487 miles, with $5,440,239,000 of stocks and bonds. The Sullivan Savings Institution. of Claremont, N. H., has been placed in the hands of assignees. The Western Paper Bag Company, of Batavia, III., one of the Van Nortwick plants, was placed in the hands of a receiver by the United States Court at Chicago on Saturday. The receiver was required to give a bond of $100,000. A receiver has been appointed for the Little Rock and Mississippi Railroad, a short uncompleted line near Little Rrck, Arkansas. The employes of all the mines in the Massillon, Ohio, district, about 2000 men, have struck on account of a reduction 111 the price of pick mining from 61 to 51 cents per ton. The employes of the Illinois Steel Company have been notified that their wages would be cut on February 1. There are 3500 men employed at the South Chicago mills. M. W. Pyne, dealer in musical instruments, Petersburg, Virginia, made an assignment. The Aberdeen Can Co., of Harford county, Md., has been placed in the hands of a receiver. Attorney General Maloney, of Illinois, has filed an information in court, at Chicago, against the International Building, Loan and Investment Union, declaring it to be insolvent, and for the appointment of a receiver. The Mercantile Trust Company, of New York, filed a bill in St. Louis Thursday for a foreclosure against the St. Louis, Salem and Arkansas Railroad. Quigley & Mullen, wholesale grocers, Wilmington, Delaware, have failed; liabilities $76,000, assets $26,000. Liebler & Maas, printers and lithographers, New York, have assigned. Liabilities, $99, 179; nominal assets, $128,598; actual assets, $34,839. At Liberty, Ind., the Columbia Drill Company has gone into the hands of a receiver. The assets are $17,000. J. H. Johnston & Co (corporation, dealers in diamonds, jewelry and silverware, New York, have assigned. A receiver has been appointed for the Dorner & Dutton Car Wheel Manufacturing Co. Covignat judgments amounting to $68,000 were previously taken against the company. The Bank of Canton, at Canton, Minn., and the Citizen's Bank, of Lanesboro. Minn., both owned and operated by Field, Kelsey & Co., have suspended business. The Commercial Bank of Eau Claire, Wis., capital $30,000, closed Tnursday. Depositors will be paid in full. The Iowa mortgage Company of Hartford, Connecticut, has asked for a receiver. Liabilities $218,129, including $100,000 paid up capital. C. L. Richardson, grocer, and Mrs. H. F. Brown grocer, both of Norfolk, Virginia, have assigned. On Monday three more banks closed their doors in St. Paul, Minnesota. The Merchant's National Bank of Dev. il's Lake, North Dakota, and the First City Bank of Moran Springs, Iowa. M. Schneeberger, Westminster, Md., dry goods, notions, &c. George E. Mather &. Sons, printer's ink manufacturers, New York city have failed.