Michigan Trust Company (Grand Rapids, MI)

Episode Information

Episode UID
74000971145
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
7400097 routing
Routing Number
74-0009
Start Date
May 10, 1895
Location
Grand Rapids, Michigan (42.961, -85.656)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
50ed3be01b36f820

Response Measures

None

Description

Contemporary notice says the company suspended and a receiver was appointed; no reopening reported.

Events (3)

1. May 10, 1895 Other
Newspaper Excerpt
The Michigan Trust company, of Grand Rapids, has been appointed receiver of the Buchanan Power and Light company on the ground that the assignee is not properly managing the property.
Source
newspapers
2. January 29, 1897 Suspension
Cause Details
Article reports suspension and appointment of a receiver; no cause given.
Newspaper Excerpt
A receiver has been appointed for Michigan Trust Company, of Grand Rapids, which suspended.
Source
newspapers
3. February 22, 1897 Other
Newspaper Excerpt
The Michigan Trust company was appointed receiver, and Saturday in the United States court filed its final report and asked for its discharge.
Source
newspapers

Newspaper Articles (3)

Article from The Yale Expositor, May 10, 1895

Click image to open full size in new tab

Article Text

Mrs. Hendrika Geukes, of Kalamazoo, aged 67, hanged herself. James Colter, aged 16, was drowned while bathing in Muskegon river, near Muskegon. Woodruff Parmalee was held for trial for the murder of Julia Curtiss at Traverse City. Algonac's village council refused licenses to the four saloons, but granted one to a druggist. E. C. Warriner, principal of the Battle Creek high school, has accepted a similar position at Saginaw. John B. Corliss, of Detroit, has obtained a franchise for an electric road from Jackson to Vandercook lake. John McClellan, aged 21, stole his father's chickens at Battle Creek and now takes his meals at the Detroit house of correction. Peter Iederdam, aged 72, was found dead in his dirty little room at Muskegon. He was a miser worth $20,000, and lived alone. Over $4,000 was found in his room. Adam C. Arnold, who has been on examination for murdering his son George at Battle Creek was held for trial to the circuit court on the charge of murder in the first degree without bail. The Michigan Trust company, of Grand Rapids, has been appointed receiver of the Buchanan Power and Light company on the ground that the assignee is not properly managing the property. The liabilities are $67,000; the assets, $160,000. Wyandotte citizens were justly indignant when it was reported that the bodies of two victims of small pox had been brought from Rockwood and taken to the Old Western hotel on the orders of an undertaker. The hotel has been quarantined. A. P. Crell, of Ionia, claims to have perfected an electric mail car which will revolutionize the present system of transporting the mails. He says the car will travel 200 miles an hour, making the trip from New York City to Chicago in five hours. The poultry department is something new at the Agricultural college and is attracting much attention. Before the season closes there will be 500 lively incubator-hatched chicks, and in another year 1,000 will be raised. It is the design to show the farmers that there is money in the business. In Monitor township, five miles from West Bay City, five wells have been sunk to determine the extent of the body of coal that was discovered there last fall. In each hole evidences of gas were discovered and in the last hole a pocket of gas was entered that made a blaze as large as a barrel. The law giving villages the option of suppressing liquor business within their limits will be tested in the supreme court by Chas. E. Shafer, proprietor of a hotel at Northville, whose liquor bonds were refused by the village council. Mr. Shafer contends that a hotel with a barroom attached is not a saloon. Jackson is in the midst of a Francis Murphy temperance revival. The police and the Liquor Dealers' association united in ordering all saloons closed on Sunday, and Jackson was dry. The few saloonkeepers who sold liquor will be prosecuted. This is the first time in years that Jackson has had a "dry" Sunday. The latest grand jury at Bay City has returned 54 indictments. The jury roasts the superintendents of the poor who, it is alleged, have conducted their business loosely and sold many goods to themselves contrary to law. Judge Maxwell instructed the county treasurer to collect from each superintendent the $50 fine which the law specifies. The residence of Mrs. Oscar Allen, an aged Coopersville widow, was bur glarized during her absence. The theives got $1,300 in gold and bank bills, $150 in negotiable notes, a lot of silverware, a pair of gold-rimmed glasses, two pairs of ladies' shoes and a dress waist. Mrs. Allen did not be lieve in banks and kept her money in the house. A post mortem examination and an investigation into the death of Julia Curtiss, who was found dead in the woods near Traverse City reveal the fact that the girl was about to become a mother and that she had been choked to death, instead of having suicided as at first supposed. Wood Parmalee. an old resident, was arrested on a charge of murder.


Article from The Ocala Banner, January 29, 1897

Click image to open full size in new tab

Article Text

The goods at Bonham, Tex., given a trust deed. The National Buggy Company, of Cincinnati, Ohio, assigned. The A. C. Witty Mercantile Company, of Rising Star, assigned. The Bell Mill Company, of Everett, Wash., given a chattel mortgage for $15,000. Hirsch and Co., dealers in clothing and dry goods at Sparta, Wis., have been attached. Perry, Oldham and Co., dealers in dry goods at McKinney, Tex. given a trust deed. The Bazzet-Uher Company, dealer in jeweler at Chicago. Ill., assigned. W. D. R. McConnell, dealer in dry goods at Brownwood, Tex., given a trust deed. Hayden and Chester, wholesale dealers in notions at Providence, R. I., assigned. A. J. Christmas and Co., dealers in dry goods at Glasgow, Ky., assigned. A reciver appointed at Muskegon, Mich., for the suspended Whitehall State Saving Bank. The First National Bank of Kentucky., failed. Nils Holm and Co., dealers in clothing at Eau Claire, Wis., chattel mortgage foreclosed. The Auderton and Eberhart Company, dealers in jewelery at Dayton, assigned. Stacy H. Scott, a well known farmer of Burlington county, New Jersey, assigned. The Orange City (Fla.) Bank, a private institution, of which John E. Stillman is president, assigned. Samuel Bongio, wholesale and retail dealer in fruits at Houston, Tex., given a trust deed. Grimshaw Brothers, silk manufacturers, who conduct a plant at Reading, Pa., assigned. A receiver has been appointed for Michigan Trust Company, of Grand Rapids, which suspended. The defunct banks of Martinsburg and Williamsburg, Pa., have avalible assets of $65,864 and $18,615 liabilities respectively. F. B. Gravely and Co., wholesale and retail dealers in groceries and feed at Danville, assigned. P. W. Smith, proprietor of the Kay County Bank, of Newkirk, Ohio, has given a chattel mortgage. for $87,500. The Williamson and Haylett Co., manufacturer of soda water apparatus at Milwaukee, Wis., assigned. Biscoe, Block and Co., wholesale dealers in notions and white goods at Memphis, Tenn., given a trust deed for $30,000. The City National Bank of Streator, Ill.. has notified depositors to withdraw their money, as the bank is going out of business. The Globe Woollen Mills, of Montreal, are seeking a compromise with their creditors on the basis of fifty cents on the dollar. Blackmore Dawson, doing business as Blackmore Dawson and Co., wholesale grocer at Cincinnati, Ohio, assigned, W. F. Park, grocer, at Belleville, Ill., is offering to compromise at 50 cents on the dollar. Been in business twenty years, Gustav S. Kann and Co., shoe commission merchant at Baltimore, Md., ssigned and receiver appointed. The Hionis Paper Company, of Chicago, went fu the hands of a reciever. Assets arent $65,000; liabilities, $60,000. G. C. Keyl, dealear in dry goo Bloomington, Ill., attached for $800. Shea and Prentice, general store at Clifton, Kans., given a chattel mortgage for $14,900. Been in business since 1881. The Comptroller of the Currency has appointed a receiver for the Columbia National bank at Minneapolis, Minn., recently failed. James Bond and Mary G., his wife, both of Philadelphia, have made an assignment for the benefit of creditors to William J. McLaughlin. The Brooksville (Fla.,) State Bank closed dors temporarily on account of the suspension of the Merchants' National Bank of Ocala, Fla. Behringer Bros., grocers, at Perry, Tex., given a trust deed. Have been in business six years, and have a branch store Riesel. The receivers of the Bank of Minnesota, of St Paul, made a statement placing the nominal assets at $3,170,000, and the liabilities at $2,325,000. An application made in Toledo by the Arbuckle Bros. and Thomas J. Kuhn for the appointment of a receiver for the Woolston Spice Company. National Bank Emiminer Escott, closed the doors of the German National Bank, J. M. McKnight, president, of Louisville, Ky. The capital stock of the institutionis $251,500, with a surplus of $31,000. The bank is au old one. The Minnesota Savings Bank of St. Paul, Minn., closed doors and filed a deed of assignment. Richard C. Flower, an insolvent debtor at Boston, filed liabilities ag-


Article from The True Northerner, February 24, 1897

Click image to open full size in new tab

Article Text

PAYS HIS DEBTS IN FULL. R. G. Peters, of Manistee, Settles All Claims Against Him. Grand Rapids, Feb. 22. - R.G. Peters, the Manistee lumber man, is out of debt and has a million dollars to the good. At the time of the failure a committee of the creditors reported only enough available assets to pay the secured creditors about 50 cents on the dollar. Mr. Peters failed six years ago, and the debts of himself and the R. G. Peters Salt and Lumber company aggregated nearly $2,500,000. It was the biggest failure western Michigan ever knew, and the banks here and in Chicago and Milwaukee were deeply involved. The Michigan Trust company was appointed receiver, and Saturday in the United States court filed its final report and asked for its discharge. As receiver the trust company carried on the lumbering business. The report in the case of the R. G. Peters Salt and Lumber company shows receipts of $6,582,703, the principal items being: Lumber, $3,625,540; salt, $1,009,886; merchandise, $821,654, and shingles, $413,294. The disbursements include $1,226,063, secured and unsecured claims; $522,882 dividends and $1,541.575 wages. In R. G. Pefers' jersonal estate the receipts were $802,971, and $394,699 was paid in claims and interest. All the debts, secured and unsecured. have been paid in full, and Mr. Peters has $1,000,000 worth of assets left.