Bank of North Manchester (North Manchester, IN)

Episode Information

Episode UID
6247072891254
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
624707289 hash
Start Date
June 13, 1904
Location
North Manchester, Indiana (41.001, -85.769)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
42d0a179c707b81f

Response Measures

None

Description

Receiver appointed (Lewis Signs) and compensation set in 1905; bank described as a private concern.

Events (3)
1. June 13, 1904 Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals by depositors and inability to obtain cash on paper forced the bank to close.
Newspaper Excerpt
Withdrawal of Funds Leaves Institution in Bad Plight. ... withdrawals of funds by depositors and inability to get cash on paper forced the institution to close.
Source
newspapers
2. June 13, 1904 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension followed heavy withdrawals and inability to meet demands (cash shortage).
Newspaper Excerpt
North Manchester is excited over the suspension of the Bank of North Manchester, a private concern established ten years ago.
Source
newspapers
3. June 17, 1905 Receivership
Newspaper Excerpt
Judge Plummer ... allowed Lewis Signs, receiver of the Bank of North Manchester, $2.50 a day for 100 days' official services.
Source
newspapers

Newspaper Articles (3)
1. June 13, 1904 The Daily Palladium Richmond, IN
Article from The Daily Palladium, June 13, 1904

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Article Text

PRIVATE BANK FAILS Withdrawal of Funds Leaves Institution in Bad Plight. North Manchester, Ind., June 13.North Manchester is excited over the suspension of the Bank of North Manchester, a private concern established ten years ago. The bank had a paid-up capital of about $20,000 and deposits of $48,000. The deposits were recently $75,000, but withdrawals of funds by depositors and inability to get cash on paper forced the institution to close. The president and cashier are D. T. Krisher and Dayton Harter, respectively. Krisher was the receiver of the defunct First National Bank of North Manchester, which closed in 1893.

2. June 17, 1905 The Diamond Drill Crystal Falls, MI
Article from The Diamond Drill, June 17, 1905

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Article Text

CUTS DOWN RECEIVER'S SALARY Indiana Judge Limits Compensation in Bank Case to $2.50 a Day. Goshen, Ind., special: Judge Plummer, of the Wabash Circuit Court, has set a new figure in fixing the compensation of receivers for banks that have failed and his economical view has attracted general attention. Judge Plummer allowed Lewis Signs, receiver of the Bank of North Manchester, $2.50 a day for 100 days' official services. He also limited the attorney's fees to $150.

3. June 23, 1905 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, June 23, 1905

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Article Text

Cuts Down Receiver's Pay. Goshen.-Judge Plummer, off the Wabash circuit court, has set a new figure in fixing the compensa. tion of receivers for banks that have failed. and his economical view has attracted general attention. Judge Plummer allowed Lewis Signs, receiver of the Bank of North Manchester. $2.50 a day for 100 days' official services. He also limited the attorney's fees to $150.