Article Text
TWO BANKS FAIL. Cheney, Wn., June 15.-The First National Bank and the Bank of Cheney suspended payment today and did not open for business. Hard collections and inability to place securities are the principal causes of the failures.
Bank of Cheney (Cheney, WA)
Episode Information
- Episode UID
6767574191158- Episode Type
- Suspension → Closure
- Bank Type
- private
- Bank ID
-
676757419hash - Start Date
- June 15, 1896
- Location
- Cheney, Washington (47.487, -117.576)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
e218dc6ec01da3b6
Response Measures
None
Description
Multiple articles report suspension June 15–16, 1896; no reopening or receivership mentioned in these excerpts.
Events (1)
1.
June 15, 1896
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Hard collections and inability to place securities (liquidity/asset pressure).
- Newspaper Excerpt
- The First National Bank and the Bank of Cheney suspended payment today and did not open for business.
- Source
- newspapers
Newspaper Articles (10)
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Article Text
Two Banks at Cheney Fail. Cheney, Wash., June 15.-The First National bank and the Bank of Cheney have suspended payment, and today did not open their doors. The directors of the First National bank held a meeting last evening and concluded to take this step. Hard collection and inability to place securities are the principal reasons of the suspension. The First National deposits are small and will probably be paid in full. The affairs of the Bank of Cheney are a matter of speculation, as President Percival is absent and nothing definite can be ascertained. D. F. Percival is president of both banks.
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Article Text
NUGGETS OF NEWS. The First National Bank and the Bank of Cheney of Cheney, Wash.. have suspended payment. The Beltimore News, an influential Democratic newspaper, practically gives notice in an editorial today of its intention to support the Republican ticket in case the St. Louis convention declares for the gold standard. H. J. Smith, the general superintendent of the Edison General Electric & Illuminating Company of New York, died at his home in Washingtonville, this morning, as A result of injuries rereived Sunday morning. With the view of preventing a duel between Marshal Martinez de Campos and General Borrero the Spanish government has decided to employ the former in active arvice. The Marshal, however. declare, that he will not accept a command except in Cubs. Judge Carpenter of the Circuit Court of Detroit, Mich., today refused to grant :An injunction to restrain the Improved Order of Knights of Pythias from using that designation, as the name of their order. He held that it is not sufficiently similar to that of the Supreme Lodge, Knights of Pythias to mislead any person. Thomas H. Boardman, the special partner of the shoe firm of Adams & Pettengill, who recently failed at Amesbury, Mass., with liabilities of $130.000 has withdrawn his appeal to the Massachusetts Supreme Court and will go into insolvency with the firm. Mr. Boardman was adjudged equally liable with the other meinhers of the firm by the lower court. Negotiations are pending for financial assistance by which, it is claimed by the members of the firm, all creditors will be paid in full and business resumen there very soon. Daniel Burns, an old soldier, fell on the sidewalk, corner of Broad and Winter street at 9:30 this morning and was assisted by a stranger, who took him to the office of the overseer of the poor, wio un sted the man to Dr. Palmer's office. The doctor not being in, the Door dd fellow was taken from one dector's office to another until 12:30, when the good samaratan and his charge found Dr. Ray at his office, 246 Broad street. The doctor, finding the man suffering, did what he could for him, and sent Dim to toe Rhode Island Hospital, where the old velefan was taken in the am vulance.
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Article Text
More Prosperity in Washington. Cheney, Wn., June 16.-The First National bank and the Bank of Cheney have suspended payment. Hard collections and inability to place securities are the principal reasons for the suspension. The First National deposits are small and will probably be paid in full. The affairs of the Bank of Cheney are a matter of speculation, as President Percival is absent and nothing definite can be ascertained.
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Manks Suspend. CHENEY, Washn., June 16,-The First National Bank and the Bank of Cheney have suspended payment. Hard collections and inability to place securities are the principal reasons of suspension. The First National deposits are small and will probably be paid to full. The affairs of the Bank of Cheney are a matter of speculation, 88 Presi. dent Percival is absent and nothing definite can be ascertained.
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VRENCHED FROM THE WIRES. the formal opening of the St. convention committees were ounced and body adjourned. contests were disposed of last in the St. Louis convention,exthat of Texas. Committee on lentials accepted report of nationommitte and took up case of Deland Texas only. Deleware settled in favor of Higgins. ommittee on resolutions have pracdecided matters of tariff, relations, reciprocity. It for the recognition of Cuba and waii. ommittee on permanent organizapropose the name of Thurston, Nebraska, make the temporary and his assistants permanent accept the vice-president's subby the states. uboise of Idaho had only four for chairman of the committee resolutions. committee on resolutions aits financial plank. It leaves currency as it is, but urges action international bimetalism. rocedings of the opening of the vention were sober, dignified and of a business kind. ternational agreement for the free of silver is the conclusion at Louis. everal of the New York delegates opposed to Morton's nomination vice-president. leKinley league of New York representing 147,000 oppose the ination of Morton as McKinley's mate. orton wires Depew that he has nged nothing. He is before the vention for president. he trouble in the New York delover Morton's vice-presidenmovement troubles Hanna. Whites shut out and the Texcontest taken up at an early hour morning. leveland publishes an open letter ressing disbelief in free silver acat Chicago. rkansas holds the largest demostate convention ever convened her bounds. issues for meeting of the natdemocratic negro clubs, at ChiAugust 11. 5-year-old son of Anton Kritz his face kicked open by a mule Taylor. eneral Mabry announces the regugoverning the Tyler drill, exthe time of the reports to the Vie Dutchate shot with an unloadin " e bands of John Jones at oro. witchman Créllender run over by no killed in the yard: at Bonoudmaster Wa'sos of the Midland, from cars and is killed near Tercounty Democrats declare for money and against disfranchisMexicans. upreme Lodge A. O. U. W. opens in Buffalo, N Y. IcKinley was pall-bearer at the funof his old friend Julius Wheling terday. emporary Chairman Fairbanks prea short and harmonious session Louis. enator Turpie, of Indiana, is not for nomination to the presidency. 'irst National bank and bank of suspends at Cheney, Wash. loar writes from Paris that interional bimetalist agreement is poswith England during the next years if St. Louis does not go for monometalism. altimore News, Democratic, will McKinley if the Chicago platadopts free silver.
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NEWS OF THE STATE. A pauper by the name of Johnson is at the pest-house in Seattle, suffering from a genuine case of leprosy. Miss Bertha Mossman was elected clerk of the Chehalis school distrect last week by a large majority. The First National bank, at Cheney, and the Bank of Cheney suspended on Monday. Cause, hard collections and inability to place securities. Next week will be commencement week at the Washington Agricultural College and School of Science, at Pullman, the graduating exercises of the preparatory class occurring on Thursday. The state convention of the Prohibition party was held in Seattle, last Saturday. Eighty delegates were in attendance, and a full ticket nominated, with Rev. R. E. Dunlap, of Seattle, as the candidate for governor. Austin E. Griffiths, of Montesano, is the nominee for attorneygeneral. The resolutions favor prohibition, woman suffrage, and the initiative and referendum. The supreme court on Monday filed an opinion in the Stevens county case, deciding in favor of the constitutionality of section 3006 of Hill's code, enacted March 28, 1890, authorizing county treasurers to set aside all moneys received in the treasury in the way of fees for the creation of a salary fund for the payment of county officers. The law further provides that should the sum so received be insufficient
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LATER NEWS. The party of oarsmen from Yale university who are to compete at the Henley regatta in the contest for the grand challenge cup arrived the 16th from Southampton. They were under the guidance of Robert Cook, business manager of the Commercial Advertiser, of New York, who has coached many Yale crews. The oarsmen were welcomed on the platform by the mayor and corporation of Henley, and crowds of people were assembled about the station anxious to take the measure of the young Americans. Judge Carpenter, of the circuit court, at Detroit, Mich., the 16th, refused to grant an injunction to restrain the improved Order of Knights of Pythias from using that designation. A son of John Nix, of Nix Corners, Wis., with a team of horses, was killed by lightning during a fierce storm the 16th. The first National bank and the Bank of Cheney, Wash., have suspended payment. Hard collections and inability to place securities are the reasons for the suspension. It is reported that three hundred Turkish troops were killed in a recent encounter with the Cretan insurgents at Comonert. The Louisiana democratic state convention has adopted free silver resolutions, and elected the following delegates-at-large to Chicago: John Fitzpatrick, S. D. McEnery, N. C. Blanchard, S. M. Roberts. The governor of Oregon has ordered the First regiment, national guard, to proceed to Astoria to preserve order among the striking fishermen. No bloodshed has been reported from Astoria or vicinity, but the authorities say they are no longer able to protect the lives of the non-union fishermen and property of the cannery men, so that the governor was called on for assistance. Twenty-three people at Elma, Io., were poisoned by eating ice cream.
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CASHORTHORSESOON CURRIED." The States furnish many articles similar to the following: "Cheney, Wash-The first national bank and the bank of Cheney have suspended payment." How many notices of bank failures do you see in this free silver republic? [Chihuahua Enterprise. How many banks are there in the republic? Very few. So few that a single failure would present an apalling per centage.
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THE States furnish many articles similar to the following: "Cheney, Wash-The first national bank and the bank of Cheney have suspended payment." How many notices of bank failures do you see in this free silver republic?-Chihuabua Enternrise