D. W. Middleton & Company (Washington, DC)

Episode Information

Episode UID
8133998691013
Episode Type
Run → Suspension → Closure
Bank Type
private
Bank ID
813399869 hash
Start Date
May 31, 1884
Location
Washington, District of Columbia (38.895, -77.036)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a81f2ce373ae714e

Response Measures

None

Description

Contemporary reports vary on the capital amount ($40,000 vs. $400,000) in OCRed dispatches.

Events (3)
1. May 31, 1884 Receivership
Newspaper Excerpt
we have assigned to George T. Green for the benefit of our creditors. George T. Green, bookkeeper and assignee, says D. W. Middleton retired from the firm a week ago owing to ill health ... Both have assigned everything to him, and he will bring matters to a settlement as soon as possible.
Source
newspapers
2. May 31, 1884 Run
Cause
Bank Specific Adverse Info
Cause Details
Steady withdrawals and inability to meet heavy and immediate demands after partner retired; deposits rapidly withdrawn.
Measures
Assigned affairs to George T. Green (bookkeeper) as assignee; bank suspended operations.
Newspaper Excerpt
The doors are not closed and a number of excited persons are gathered inside talking over the suspension.
Source
newspapers
3. May 31, 1884 Suspension
Cause
Voluntary Liquidation
Cause Details
Firm assigned its affairs to an assignee for creditors due to inability to meet withdrawals; doors reported closed in later dispatches.
Newspaper Excerpt
Owing to heavy and immediate demands we have assigned to George T. Green for the benefit of our creditors.
Source
newspapers

Newspaper Articles (16)
1. May 31, 1884 Lancaster Daily Intelligencer Lancaster, PA
Article from Lancaster Daily Intelligencer, May 31, 1884

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Article Text

ANOTHER FAILURE A Manking Firm at Washington Makes an Assignment. WASHINGTON, D.C., May 31.-The following notice was posted on the doors of the banking house of D. W Middleton & Co., 1,427 T street: : Owing to heavy and immediate de. mands, we have assigned to George T. Green, for the benefit of our creditors.' The doors are not closed and a number of excited persons are gathered inside talking over the suspension. The failure is not considered of great importance. The capital stock of the bank is $40,000, but no estimate can be made of liabilities.

2. June 1, 1884 The Democratic Leader Cheyenne, WY
Article from The Democratic Leader, June 1, 1884

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Article Text

Banking House Goes Under. WASHINGTON, May 31.-The following notice was posted this morning upon the doors of the banking house of D. W. Middleton & Co., 1427 F street: "Owing to heavy and immediate demands we have assigned to George T. Green for the benefit of our creditors. The doors of the bank are not closed, and a number of excited persons gathered inside talking overthesuspension. George T. Green, bookkeeper and assignee, says D. W. Middleton retired from the firm a week ago owing to ill health and a disclination to continue to struggle against what he thought inevitable. Capital stock of the bank, $400,000,

3. June 1, 1884 The Dallas Daily Herald Dallas, TX
Article from The Dallas Daily Herald, June 1, 1884

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Article Text

Failures. THE WEEK's RECORD. NEW YORK, May 31.-Failures reported for seven days- United States, 151; Canada, 26. Total 177, a decreaseof 55. YESTERDAY'S IT. WASHINGTON. May 31.-Tne following notice Was posted this morning upon the doors of the banking house of D. W. Mid1+ on & Co., No.: 1427 F street: "Owing to heavy and immediate demands we have assigned to George T. Green. for the benefis of our creditors." The doors of the bank are not closed, and a number of ex. cited persons have gathered inside to talk over the suspension. No particulars are yet obtainable. LATER.-George Green, book-keeper and assignee, says D. W. Middleton retired from the firm a week ago owing to ill health and disinclination to continue the struggle against what he thought inevitsble. 8 E Middleton. the other member of the firm, thought he could manage to keep open, and assumed the liabilities, but a steady withdrawal of deposits daily increased, and he found it impossible to meet demands. Both have assigned every. thing to him, and he will bring matters to a settlement as soon as possible. The capital stock of the bank is $400.000 Green says a statement of condition will be made early next week. He cannot approximate the amount of the liabilities.

4. June 1, 1884 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, June 1, 1884

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Article Text

Failure of a Washington BankingHouse. [BV telegraph to the Dispatch.] WASHINGTON, May 31.-The following notice was posted this morning upon the doors of the banking-house of D. W. Middleton & Co., 1427 F street: "Owing to heavy and .mmediate demands we have assigned to George T. Green for the benefit of our creditors." The doors of the bank are not closed, and a number of excited persons gathered inside, talking over the suspension. The general opinion seems to be that the failure will be very near total. The cash deposits are said to be about $250,000, and the firm held securities for customers esti-

5. June 2, 1884 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, June 2, 1884

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Article Text

ANOTHER BANK Givesup the Ghout and Nhats ItN Doorr. A Small Failure. WASHINGTON, May 31.-The following notice was posted this morning upon the doors of the banking house of D. W. Micdloton & Co., 1427 F street: "Owing to heavy and immediate demanda we have assigned to Gaorge T. Green for the benefit of our creditors." The doors of the bankare not closed and & number of excited people are gathered inside talking over the suspension. George F. Green, book keeper and assignee, says D. W. Middleton retired from the firm a week ago owing to ill health and R disclination to continue the struggle against which he thought inevitable. S. E. Middleton, the other member of the firm, thought he could manage to keep open and (assume the liabilities, but the steady withdrawal of deposits daily increased and he found it im possible to meet the demand. Both have assigned everything to him, and he will bring matters to a settlement HB soon as possible. The capital stock of the bank is $40,000. Green saye the statement of the condition of the bank will be made early next week. He cannot approximate the amount of liabilities.

6. June 2, 1884 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, June 2, 1884

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Article Text

ANOTHER FINANCIAL CRASH. Bank at Washington City Closed for "the Benefit of the Creditors." ASHINGTON CITY, June 2-The follo W. ing notice is posted upon the doors of the banking house of D. W. Middleton & Co., 1437 F street. Owing to heavy and immediate demands we have assigned to George F. Green for the benefit of our creditors. The doors of the bank are closed and a number of excited men are gathered inside talking over the suspension, no particulars of which are yet obtainable. George T. Green, bookkeeper and assignee, says D. W. Middleton retired from the firm a week ago owing to ill health and a disinclination to continue the struggle against what he thought the inevitable. S. E. Middleton, another member of the firm, thought be could manage to keep open, and assumed the liabilities; but the steady withdrawal of deposits daily increased and he found it impossible to meet the demands. Both have assigned everything to Mr. Green, and he will bring matters to a settlement as soon as possible. The capital stock of the bank was $400,000. Green says a statement of the condition will be made early next week. He cannot now approximate the amount of liabilities.

7. June 2, 1884 Fort Worth Daily Gazette Fort Worth, TX
Article from Fort Worth Daily Gazette, June 2, 1884

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Article Text

DELAYED TELEGRAMS. DOMESTIC NEWS. BANKING HOUSE ASSIGNED. WASHINGTON, May 31.-The following notice was posted this morning upon the doors of the banking house of D. W. Middleton & Co., 1427 F street: "Owing to heavy and immediate demands we have assigned to George T. Green for the benefit of our creditors." George Green, bookkeeper and assignee, says D. W. Middleton retired from the firm a week ago, owing to ill health and disinelination to continue the struggle against what he thought was inevitable. S. E. Middleton. the other member of the firm, thought he could manage to keep open, and assumed the liabilities, but the steady withdrawal of deposits daily increased and he found it impossible to meet the demands. Both have assigned everything to him and he will bring matters to a settlement as soon as possible. The capital stock of the bank is $400,000. Green says a statement of the condition of the bank will be made early next week. He cannot approximate the amount of liabilities. It is said the deposits amount to $25,000 and stocks and securities belonging to customers about as much more, making the total liabilities half a million. Among the depositors are many army and navy officers and newspaper correspondents. The heaviest creditor firms are said to be Mis Hutchisons, widow of the late president of the Alaska Fur and Seal company, who had about $100,000 in the bank. Other prominent losers named are, Ernest Deichman of New York, Commodore Owen, J. H. McKinny, clerk of the United States supreme court, and Surgeon-General Watts.

8. June 4, 1884 The Semi-Weekly Miner Butte, MT
Article from The Semi-Weekly Miner, June 4, 1884

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Article Text

Assignment. WASHINGTON, May 31.--The fol owing notice was posted upon the doors of the banking house of D. W. Middleton & Co. : "Owing to heavy and immediate demands we have assigned to Geo. T. Green, for the benefit of our creditors." The doors of the bank were not closed and a number of excited people gathered inside talking over the suspension. No particulars are yet obtainable, Geo. T. Green, book-keeper and assignee, says D. W. Middleton retired from the firm a week ago dwing to ill health and a disinclipation to continue a struggle against what he thought inevitable. The capital stock of the bank is $400,000. Green says a statement of its condition will He be made early next week. cannot approximate the amount of the liabilities.

9. June 5, 1884 Yorkville Enquirer York, SC
Article from Yorkville Enquirer, June 5, 1884

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MERE-MENTION. Illicit distillers in New York threaten armed resistance to the collection of interThe Wabash Railnal revenue taxes. road, with its 3,600 miles of track, has gone There will into the hands of a receiver. be 1,600 delegates, from Europe, Asia, Africa, Australia and America in the International Sunday-school Convention, which meets in Louisville, Ky., on the 11th instant. Ferdinand Ward, of the firm of Grant & Ward, who is now in Ludlow Street Jail, New York, on the charge of swindling, says that the responsibility of Grant is the There have been same as his own. more dynamite explosions in London, inflicting serious loss of property, and great The susexcitement ensues thereby. pension of the banking house of D. W. Middleton & Co., of Washington, is the most notable failure of last week. The cash deposits in the bank were about$250,000. The failure is total. The bank was established in 1867. A Buffalo, N. Y., dispatch of Friday, says there was a heavy snow storm along the Lake Shore route on that morDecoration day was observed ning. throughout the North last Friday.

10. June 5, 1884 Mineral Point Tribune Mineral Point, WI
Article from Mineral Point Tribune, June 5, 1884

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Article Text

Another Bank Closed. WASHINGTON. May 31.-The following notice was posted this morning upon the doors of the banking house of D. W. Middleton & Co., 1427 F street: "Owing to heavy and immediate demands, we have assigned to George T. Green for the benefit of our creditors." The doors of the bank are not closed, and a number of excited persons are gathered inside, talking over the suspension. No particulars are obtainable.

11. June 5, 1884 Delaware Gazette and State Journal Wilmington, DE
Article from Delaware Gazette and State Journal, June 5, 1884

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Article Text

A Washington Bank Suspends. WASHINGTON May 31.-The following notice was posted this morning upon the doors of the banking house of D. W. Middleton & Co., 1427 F street : "Owing to heavy and immediate demands, we have assigned to George T. Green for the benefit of our creditors". The doors of the bank are not closed. and a number of excited persons are gathered inside, talking over the suspension. No particulars are yet obtainable.

12. June 6, 1884 The Red Cloud Chief Red Cloud, NE
Article from The Red Cloud Chief, June 6, 1884

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Article Text

W ASHINGTON. May 31.-The following notice was posted this morning upon the doors of the banking house of D. W. Middleton & Co., 1427 F street: Owing to heavy and immediate demands we have assigned to George T. Green for the benefit of our creditors." The doors of the bank are not closed, and a number of excited persons are gathered inside talking over the suspension. No particulars are yet obtainable.

13. June 6, 1884 The Middlebury Register and Addison County Journal Middlebury, VT
Article from The Middlebury Register and Addison County Journal, June 6, 1884

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LATER NEWS. PRESIDENT RIDDLE and Cashier Reiber, of the suspended Penn bank, were arrested at Pittsburg, Penn., on the charge of conspiring to defraud the institution. RIGHT REV. BENJAMIN B. SMITH, D. D., L L. D., the oldest prelate in the American Protestant Episcopal church, and the oldest bishop, both in years and office, of any church in the world, died a few days since in New York. Bishop Smith was born in Bristol, R. I., in 1794, and was consecrated a bishop in 1832. A MAN named Westbrook has started in New York the experiment of living for sixty days on milk alone. Any infant could do that. GOVERNOR JAMES M. SMITH, of Georgia, was walking along a street in Atlanta, Ga., a few nights ago, when a man named Evans Wright fired three shots in the governor's direction. Wright was arrested. A CAMP of cowboys in Colorado was overwhelmed by a sudden cloud-burst, the water coming with such force that it swept away everything in its path and drowned eleven men. A cloud-burst swept away a house near Visalia, Cal., and drowned all the inmates, consisting of Peter Stewart, his wife, mother, two children and a sheep herder. Two boilers exploded in a sawmill near McBride's, Mich., killing three men and severely injuring four others. D. W. MIDDLETON & Co., well-known Washington bankers, have failed for about $500,000. JOHN C. ENO, ex-president of the Second National bank, of New York, and defaulter in a large sum, was arrested at Quebec as he was about to sail for Liverpool.

14. June 7, 1884 The Milan Exchange Milan, TN
Article from The Milan Exchange, June 7, 1884

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MISCELLANEOUS. ARTICLES of incorporation of the Kansas City, Arkansas & Fort Smith Railway Company have been filed at Little Rock. D. W. MIDDLETON & Co., bankers, Washngton, D. C., have suspended. THE musical festival in Chicago closed the evening of the 31st with an enormous attendance. THE firm of Barkley & Hassan, coffee dealers, Baltimore, have assigned. Liabilities, $250,000; nominal assets, $200,000. "THE dynamite explosion on the 30th at the Carlton Club-house, London, injured thirteen persons imaddition to damage to the property. Dublin papers denouncethe deed as outrageous. ON the 2d the Cincinnati rolling-mills shut down for ten days to make repairs. À CORRESPONDENT at Vienna reports a break in the triple alliance

15. June 13, 1884 The Iola Register Iola, KS
Article from The Iola Register, June 13, 1884

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Article Text

WASHINGTON. May 31.-The following notice was posted this morning upon the doors of the banking house of D. W. Middleton & Co., 1427 F street: Owing to heavy and immediate demands we have assigned to George T. Green for the benefit of our creditors." The doors of the bank are not closed, and a number of excited persons are gathered inside talking over the suspension. No particulars are yet obtainable.

16. June 13, 1884 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, June 13, 1884

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MISCELLANEOUS. ARTICLES of incorporation of the Kansas City, Arkansas & Fort Smith Railway Company have been filed at Little Rock. D. W. MIDDLETON & Co., bankers, Washngton, D. C., have suspended. THE musical festival in Chicago closed the evening of the 31st with an enormous attendance. THE firm of Barkley & Hassan, coffee dealers, Baltimore, have assigned. Linbilities, $250,000; nominal assets, $200,000. THE dynamite explosion on the 30th at the Carlton Club-house, London, injured thirteen persons in addition to damage to the property. Dublin papers denounce the deed as outrageous. ON the 2d the Cincinnati rolling-mills shut down for ten days to make repairs. A CORRESPONDENT at Vienna reports a break in the triple alliance