Union Bank (Quincy, IL)

Episode Information

Episode UID
5690178591013
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
569017859 hash
Start Date
May 15, 1884
Location
Quincy, Illinois (39.936, -91.410)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b252e57ea2688e12

Response Measures

None

Description

Contemporary reports conflict on whether the bank would resume; no reopening or receiver mentioned, so final outcome is unclear.

Events (1)

1. May 15, 1884 Suspension
Cause
Correspondent
Cause Details
After the Marine Bank (NY) failed the Union moved accounts to the Metropolitan; closing of the Metropolitan is given as cause of Union's suspension.
Newspaper Excerpt
The Union bank of this city has failed to open its doors this morning... the closing of that bank yesterday is given as the cause of the suspension.
Source
newspapers

Newspaper Articles (12)

Article from The Dallas Daily Herald, May 16, 1884

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Article Text

From Quincy. QUINCY, ILL, May, 15.-The Union bank of this city opened doora this morning. When the Marine bank of New York failed the Union transferred its accounts to the Metropolitan, and the closing of doors by that bank yesterdav was given as the cause for their suspension.


Article from Wheeling Register, May 16, 1884

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Article Text

BRIEF TELEGRAMS. Domestic, Chicago is to see "Excelsior" at the new McVickers under the management of the Kiralfy Brothers. A fire in a large factory on First avenue, New York, did $125,000 damage. The failure of the Richmond Medicine Company of St. Joseph, Mo., turns out to be a very small affair It is believed that the State Saving bank of the same place will resume. The failure of Fisk & Hatch had little effect at Kansas city. Chas. Leanig's Porvate bank, of La Porte, la suspended yesterday. Liabilities light. Will probably resume. General Assembly, Cumberland Presbyterian Church in session at McKeesport, Pa. The condition of the Quincy, III., Union Bank is said to be favorable and it will probably be resumed. On the 571st ballot Democrats of the Third Indiana district nominated J. G. Howard for Congress. San Francisco but little effected by the New York flurry. Great excitement at Ashland, 0., where two murderers are to be hanged to-morrow. At Kansas City extensive runs were made on the banks but they all pulled through. Governor Glick, of Kansas, is en route East to look out after the interests of the State of Kansas, which is a loser by the failure of Lawson & Simpson. Washington. The President has called a meeting of the Board of Commissioners of the World's Exposition for the 17th prox. The Pension fund, as reported by the Senate Committee, is fixed at $66,000,030, instead of $84,000,000. The number of pension agents is reduced to twelve. The section fixing pension attorney's fees at $10 is stricken out. Rudolph W. Wolfsohn, of Buffalo, was confirmed as U. S. Consul at Mannheim.


Article from The Democratic Leader, May 16, 1884

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Article Text

A Suspended Bank. CHICAGO, May 15.-The Journal's Quincy, Ills., special says: "The Union Bank, of this city, has failed to open its doors this morning- When the Marine Bank, of New York, failed, the Union Bank transferred its account to the Metropolitan, and the closing of the doors of that bank yesterday was given as the cause for the suspension.


Article from St. Paul Daily Globe, May 16, 1884

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Article Text

Union Bank of Quincy. QUINCY, III., May 15.-The Union bank of this city has failed to open its its doors this forenoon. When the Marine bank of New York failed the Union transferred its accounts to the Metropolitan, and the closing of the doors of that bank yesterday is given as the cause of suspension.


Article from The Indianapolis Journal, May 16, 1884

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Article Text

Closing of a Quincy Bank. QUINCY, III., May 15.-The Union Bank, of this city. has failed to open its doors this morning. When the Marine Bank of New York failed. the Union transferred its account to the Metropolitan. and the closing of the doors of that bank yesterday is given as the cause for suspension. No statement can be obtained at present. but the officials are confident depositors will be paid in full It is stated by the officials that the bank will probably not resume business.


Article from Morning Journal and Courier, May 16, 1884

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Article Text

A Bank in Illinois Goes Down. QUINCY, III., May 15r-The Union bank of this city failed to open its doors this morning. When the Marine bank of New York failed the Union transferred its accounts to the Metropolitan, and the closing of that bank yesterday is given as the cause of the suspension


Article from Daily Los Angeles Herald, May 16, 1884

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Article Text

Suspension of the Union Bank of Qniney, Ille. CHICAGO, May 15.-The Journal's Quincy, Ills., special says the Union Bank of that city failed to open its doors this morning. When the Marine Bank of New York failed the Uniou Bank transferred its account to the Metropolitan Bank, and the closing of that bank yesterday is given as the cause of its suspension.


Article from Fort Worth Daily Gazette, May 16, 1884

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Article Text

QUINCY, ILL. FAILURE OF THE UNION BANK, QUINCY, ILL,, May 15,-The Union bank of this city has failed to open its doors this morning. When the Marine bank of New York failed, the Union transferred its account to the Metropolitan, and the closing of the doors of that bank yesterday is given as the cause for the suspension.


Article from The River Press, May 21, 1884

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Article Text

Another Bank Failure. CHICAGO, May 15.-A special to the Journal from Quincy, Ill., says: The Union bank of this city failed to open its doors this morning. When the Marine bank of New York failed the Union bank transferred its accounts to the Metropolitan, and the closing of the doors of that bank yesterday was given as the cause for the suspension.


Article from Weekly Phoenix Herald, May 22, 1884

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Article Text

AN ILLINOIS BANK SUSPENDS. CHICAGO, May 15.-The Journal's Quincy, III., special says: The Union Bank, of this city, has failed to open its doors this morning. When the Marine Bank, of New York, failed the Union transferred its accounts to the Metropolitan, and the closing of that bank yesterday caused its suspension.


Article from The Mineral Argus, May 29, 1884

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Article Text

Failures of a Week. There were 187 failures and suspensions in the United States reported to Bradstreet's during the week ending the 17th against 132 in the preceding week, and 166, 116 and 88 in the corresponding weeks of 1883-82 and'81, respectively. About 72 per cent. were those of small traders whose capital was less than $5,000. The following were the important suspensions of banks, bankers and brokers during the past week: New York City, Fisk & Hatch, Hatch & Foote, Donnel, Lawson & Simpson, O. M. Bogart & Co., Hotchkiss, Burnham & Co., A. W. Dimack & Co., Nelson, Robinson & Co., H. C Hardy & Sons, Goffee & Randle; Brooklyn, Atlantic State bank: Newark, N. J., the Newark Savings institution; Boston, F. A. Hawley & Co.; Bradford, Pa., Whitney & Wheeler; Quincy, Ill.; Union bank; St. Joseph, Mo., State Savings bank; Tucson, Ariz., Hudson & Co.; Atlanta, Ga., John H. James. Among the other suspensions were the Northwestern Manufacturing and Car company of Stillwater, Minn.; PhiladelCharles E. Young & Co produce, phia, and Henry B. Mayo, Boston, canned goods.


Article from The Kimball Graphic, May 30, 1884

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Article Text

Failures of a Week. There were 187 failures and suspensions in the United States reported to Bradstreet's during the week ending the 17th against 132 in the preceding week, and 166, 116 and 88 in the corresponding weeks of 1883-82 and'81, respectively. About 72 per cent. were those of small traders whose capital was less than $5,000. The following were the important suspensions of banks, bankers and brokers during the past week: New York City, Fisk & Hatch, Hatch & Foote, Donnel, Lawson & Simpson, O. M. Bogart & Co., Hotchkiss, Burnham & Co., A. W. Dimack & Co., Nelson, Robinson & Co., H. C Hardy & Sons, Goffee & Randle; Brooklyn, Atlantic State bank; Newark, N. J., the Newark Savings institution; Boston, F. A. Hawley & Co.; Bradford, Pa., Whitney & Wheeler; Quincy, Ill.; Union bank; St. Joseph, Mo., State Savings bank; Tucson, Ariz., Hudson & Co.; Atlanta, Ga., John H. James. Among the other suspensions were the Northwestern Manufacturing and Car company of Stillwater, Minn; Charles E. Young & Co., produce, Philadelphia, and Henry B. Mayo, Boston, canned goods.