Boyer Valley Bank (Woodbine, IA)

Episode Information

Episode UID
5759523091066
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
trust
Bank ID
575952309 hash
Start Date
October 9, 1888
Location
Woodbine, Iowa (41.738, -95.703)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d2b7b3da2ebea3f9

Response Measures

None

Description

The bank was a branch of a private firm (P. Cadwell & Wm. Cadwell) that also operated the Cadwell Bank in Logan; it failed due to land speculation and a run triggered by a former cashier's defalcation.

Events (3)

1. October 9, 1888 Run
Cause
Bank Specific Adverse Info
Cause Details
Rumors regarding the alleged defalcation of a former cashier.
Newspaper Excerpt
The embarrassment being temporary only and caused by run on the Woodbine branch in consequence of rumors in connection with the alleged defalcation of ex-cashier.
Source
newspapers
2. October 9, 1888 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Heavy speculation in land and a run on the Woodbine branch.
Newspaper Excerpt
P Cadwell and Wm. Caewell composing the banking firm operating banks at Logan and at Woodbine made an signment after banking hours Oct. 9.
Source
newspapers
3. October 11, 1888 Receivership
Newspaper Excerpt
The Boyer Valley bank at Woodbine, and the Caldwell bank at Logan, closed their doors and Judge King was appointed receiver.
Source
newspapers

Newspaper Articles (12)

Article from Evening Star, October 12, 1888

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Article Text

Two Iowa Banks Fail. TOO HEAVY SPECULATION IN LAND CAUSES THE TROUBLE. CHICAGO, Oct. 12.-A dispatch from Mason City, Iowa, says: Iowa had too bank failures yesterday. The Boyer Valley bank at Woodbine, and the Caldwell bank at Logan, closed their doors and Judge King was appointed receiver. Both banks were operated by the same firm. The total deposits will not exceed $50,000. The failures are attributed to too heavy speculation in land.


Article from St. Paul Daily Globe, October 12, 1888

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Article Text

BANKS GO BROKE. Hawkeye Financial Institutions Close Their Doors. Special to the Globe. MASON CITY, Io., Oct. 11.-Iowa had The two bank failures yesterday. Boyer Valley bank, located at Woodbine, and the Cadwell bank, at Logan, closed their doors, and a receiver has been appointed for each. Both banks were operated by the same firm. The total deposits will not exceed $5,000.


Article from Alexandria Gazette, October 12, 1888

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Article Text

Failures. MASON CITY, Iows, Oct. 12.-Iowa had two bank failures yesterday. The Boyer Valley bank at Woodbine and the Caldwell bank at Logan closed their doorsand Judge King was appointed receiver. Both banks were operated by the same firm. The total deposits will not exceed $50,000. The fail. ures are attributed to too heavy speculation in land.


Article from The Indianapolis Journal, October 13, 1888

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Article Text

Bank Failures in Iowa. MASON CITY, Is., Oct. 12-Iows bad two bank failures yesterday. The Boyer Valley Bank, at Woodbine, and the Caldwell Bank, at Logan, closed their doors, and Judge King was appointed receiver. Both banks were operated by the same firm. The total deposits will not exceed $50,000. The failures are attributed to heavy speculations in land.


Article from The Wheeling Daily Intelligencer, October 13, 1888

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Article Text

Two Bank Failures. MASON CITY, Iowa, Oct. 12.-Iowa had two bank failures yesterday. The Boyer Valley Bank, at Woodbine, and the Caldwell Bank, at Logan, closed their doors, and Judge King was appointed receiver. Both banks were operated by the same firm. The total deposits will not exceed $50,000. The failures are attributed to too heavy speculation in land.


Article from Wichita Eagle, October 13, 1888

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Article Text

IOWA BANK FAILURES. MASON CITY, Ia., Oct. 12.-Iowa bad two bank failures yesterday. The Boyer Valley bank, at Woodbine, and the Caldwell bank, at Logan, closed their doors. Judge King was appointed receiver. Both banks were operated by the same firm. The total deposits will not exceed $50,000. The failures are attributed to heavy speculation in lands.


Article from Evening Capital, October 13, 1888

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Article Text

Two Small Iowa Bank Failures. MASON CITY, Ia., Oct. 13.-Iowa had two bank failures Thursday. The Boyer Valley bank, located at Woodbine, and the Cadwell bank of Logan have closed their doors and a receiver has been appointed. Both banks were operated by the same firms. The total deposits will not exceed $50,000. de


Article from The Morning News, October 13, 1888

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Article Text

Two Banks Fail. MASON CITY, IA., Oct. 12.-Iowa had two bank failures yesterday. The Boyer Valley bank, at Woodbine, and Caldwell bank. at Logan, closed their doors, and Judge King was appointed receiver. Both banks were operated by the same firm. The total deposits will not exceed $50,000. The failures are attributed to heavy speculation in land.


Article from Audubon County Republican, October 18, 1888

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IOWA CONDENSED ITEMS. W. H. Hall, brakeman on the Chicago, Milwaukee & St Paul road, was horribly mangled in the Perry yards. The train was made up and when they reached the depot brakeman Hall was not to be found The conductor and brakeman started back and soon discovered the lifeless remains of their fellow workman. Mr. Hall's body was mangled into a hundred pieces and the bunch of keys he carried in his pocket was broken into numberless pieces. The theory advanced regarding this sad accident is that Mr. Hall must have fallen between the cars. Most of the train passed over his body. Deceased leaves wife and one child. The Ida county bank was purchased by the First National Bank of Ida Grove, and Geo. T. Williams sold the Ida County Pioneer to local firm. The two oldest firms in Ida county have thus changed bands Noah Webster was the pr prietor of the Ida county bank. and will retire from active business George T. Williams, being one of the directors in the First National will devote his time to that branch of business As part of the consideration of the Pioneer sale, is is agreed that all of Williams' libel suits shall be dismissed. Rev. Dr. Safford, pastor of the Congregational church at Grinnell, has tendered his resignation. The committee on invitations has ordered 10,000 invitations printed for the opening of the bridge between Council Bluffs and Omaha Francis Snyder the aged Boone citizen who recently married Mrs Hull. has since died. He was seventy nine years old and his bride was seventy-eight An unknown night prowler is making a business of frightening unprotected females in Boone, and the citizens are preparing to fill his body full of cold lead if they can catch him. G. W. Bailey of Monmouth known fame as Tank Cee. the Chinese lecturer, together with his wife, is the central figure in sensational scandal A marriage license has been granted to Theodore W Patterson and Mary E Patterson, of Muscatine This couple was married some sixteen years ago and in later years were divorced. but have now concluded to pass the remainder of their days together. S. E. Carrell, of the Democrat at Adel, has been confirmed as postmaster at that place. Gov Larrabee has been requested to appoint delegates to the American forestry congress at Atlanta Ga., which is to meet on November 29th. Des Moines celebrated in grand style the victory of the base ball club of that city in winning the pennant in the sea son's contest in the Western Association On the night of the 11th there was monster procession: the city was ablaze with fire- works and illuminations, and the boys were given a banquet at the Savery where the prizes were presented. with toasts and responses. Altogether appears to have been grand and imposing demonstration and all Iowa is proud of her champions of the diamond. Sixteen divorce cases decorate the docket of the Mahaska county court. Teachers' examination for State certificates will be held at Des Moines, Dec. 26 and 27. During the past year the city of Keokuk has expended $13,029.36 in the improvement of Grand Avenue. Francis Snyder, aged seventy-nine, and Mrs. Lydia Hull, aged seventy-eight, were married recently at Boone. A little boy named North was run over by the cars in Des Moines and so badly crushed that he died in an hour and half. Davenport is to have a new Baptist church to cost $25,000. The Cadwell bank of Logan, and the Boyer Valley bank, of Woodbine, both being under the same firm, made an as. signment to Stephen King of Logan The deposits foot up about $30,000, be. sides $10. 000 of county funds There was serious fire in Montezuma Oct. 9. The blaze started in John Stahl's billiard room on the north side of the square, burning that building a harness shop adjoining, one other building and several structures in the rear of these. -P Cadwell and Wm. Caewell com posing the banking firm operating banks at Logan and at Woodbine made an signment after banking hours Oct. 9. The assets are said to be largely in excess of liabilities The embarras-ment being tem porary only and caused by run on the Woodbine branch in consequence of rumors in connection with the alleged defalcation of ex-cashier. The present term of the Supreme Court at Des Moines has just admitted class of twenty three out of twenty eight who applied to practice law. Five re jected and remanded for new trial after better preparation A party from Montana was in Independsoce recently buying yearling and two year old draft fillies. He shipped one load from Independence and one from Oelwein prices ranged from $125 to $200 for each colt. Mr. George Davis, of Dubuque, whose successin photographing flash light ning has been noted by the Scientific American, recently visited spar cave below the city and photographed the interior by the light of torch. Several months ago an interesting test case was carried to the Supreme Court from the district court of Palo Alto county. The case that of Methodist minister who had been active in enforeing the prohibitory law by securing in junctions against saloon keepers. One of the latter had him arrested on the charge that he had voted and has been acting as a citizen when he was not citizen, claiming that as he was aminister under the itinerant system of the Methodist church subject to removal at time by the bishop. that therefor he any did not acquire a logal residence at any place at which he might be stationed. It was a new and rather audacious point to raise. but the Supreme Court has passed upon it, and decided. as was expected


Article from Grant County Herald, October 18, 1888

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county, will be discontisued Oct. 31. because no one wants to be postmaster. The National Electric Manufacturing company, of Eau Claire, has been incorporated with a capital of $50,000. Two hundred feet of the Cornwall canal bank gave way near Cerawall, Can., flooding the surrounding country. Traffie will be delayed three or four weeks and several ocean steamers delayed that were waiting for grain. The steamer Robert B. Carson sank near Evansville, Ind., through the cellapsing of the bottom. Fifty head of cattle, four horses and some freight were lost. The crew were saved. The Grand Jury of St. Claire county, III., have returned an indictment against Clovis Soucy ex-supervisor of Cahokia township. charging him with the embezzlement of $40,000. The Emperor of Germany paid his respeets to the Pope in the Vatican at Rome Friday afternoon. The Chicago, Rock Island and Pacific Railroad Company's line has been completed to Colorado Springs. in Southern Colorado, and freight traffic will begin at once. Diphtheria is epidemic around Ispheming, Mich. A monster gas well has been tapped at Wabash, Ind. The Platt (III.) county Sons of Veterans held a big reunion at Monticello last week. A Kansas copperhead Democrat in Atchinson countr burned an American flag in a fit of political rage. The Boyer Valley Bank at Woodbine, Iowa, and the Cadwell Bank at Logan, both operated by the same parties have suspended. J. W. Makemson. R farmer living near Warsaw, Ind., left home Tuesday of last week for a day's hunt. and Thursday his body was found in the woods with his head blown to pieces. Pauline McCoy (colored) was hanged at Union Springs, Ala, for murder. It was the first execution of A woman in Alabama since the war, and the third since its incorporation as a State. In a riot at Macon, Mo., between striking miners and Hungarian workmen, Thomas Wardell, the owner of the mine, was killed, and two miners fatally wounded. In an attempt to rob the pay-car on the Black Hills and Fort Pierre RAilroad. two robbers were fatally shot, and the third got away with some holes in him. The pavinaster stood them all off with a Winchester. Chris Peterson. night watchman at Anderson & Porter's mill at London, Mich., was ground to pieces in the shafting. Four men were buried and seriously injured by the eaving of a sewer trench at Youngstown, Ohio. James Donnelly WSS thrown from A horse he was riding in n race at Blue Rapids. Kas. and killed. Twenty-one conductors and brakemen on the Union Pacific have been indicted for robbing freight cars. The Regents for the Michigan University have voted against moving the medical school. or any other department. to Detroit. James D. Pike. of Bloomington. D., has been awarded $1.400 damages against the Lake Erie and Western Railway for killing his boy at a crossing. The Vandalia freight sheds at East St. Louis were burned with all their contents. The loss will be over $100. 000. It is thought the fire was set by thieves who were trying to steal freight. A laborer on the Chieago city Railway while coming out of a manhole corner Wabash ave and 12th street was struck by a grip car and literally torn to pieces. The Post Office of Buffale, N. Y., was robbed of several thousand dollars in


Article from Delaware Gazette and State Journal, October 18, 1888

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Iowa Bank Failures. MASON CITY, Iowa, Oct. 12.--Iowa had two bank failures yesterday. The Boyer Valley bank at Woodbine and the Caldwell bank at Logan closed their doors and Judge King was appointed receiver. Both banks were operated by the same firm. The total deposits will not exceed $500,000. The failures are nitributed to too heavy speculating in land.


Article from The Ohio Democrat, October 20, 1888

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Speculated in Land. MASON CITY, IA., Oct. 12-Iowa had two bank failures vesterday. The Boyer Valley Bank, at Woodbine, and the Caldwell Bank, at Logan, closed their doors, and Judge King was appointed receiver. Both banks were operated by the same firm. The total deposits will not exceed $50,000. The failures are attributed to too heavy speculations in land.