City National Bank (Lawrenceburg, IN)

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Episode Information

Episode UID
8201004
Episode Type
Run β†’ Suspension β†’ Closure
Bank Type
national
Bank ID
820 national
Charter Number
82
Start Date
August 11, 1883
Location
Lawrenceburg, Indiana (39.091, -84.850)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
696097ceae1ec56e

Response Measures

Full suspension, Books examined

Description

Bank went into voluntary liquidation Aug 13, 1883 and later placed in receivership 1884-03-11.

Events (6)
1. September 12, 1863 Chartered
Source
historical_nic
2. August 11, 1883 Run
Cause
Bank Specific Adverse Info
Cause Details
Unexpected heavy withdrawals triggered by discovery that the vice-president used bank funds in his lumber business.
Measures
Bank closed/ceased paying to stem withdrawals; examination begun by state/federal examiner.
Newspaper Excerpt
It had a slight run yesterday by depositors, and feared a greater one today.
Source
newspapers
3. August 12, 1883 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension followed heavy withdrawals after revelation that bank funds were used in owners' lumber business; state examiner began book examination and officials stated assets exceed liabilities but payments would be delayed.
Newspaper Excerpt
The City National Bank, of Lawrenceburg, Ind., closed yesterday ... The suspension was caused by unexpected demands for money.
Source
newspapers
4. August 13, 1883 Other
Newspaper Excerpt
This bank went into voluntary liquidation Aug. 13, 1883, and on March 11, 1884, was declared insolvent and placed in the hands of a receiver. By decree ... the date of the insolvency was fixed at Aug. 10, 1883. (Comptroller statement).
Source
newspapers
5. March 11, 1884 Receivership
Source
historical_nic
6. March 11, 1884 Receivership
Newspaper Excerpt
On March 11, 1884, was declared insolvent and placed in the hands of a receiver. A. D. Lynch, receiver of the City National Bank, of Lawrenceburg, filed suit ... (articles).
Source
newspapers

Newspaper Articles (21)
1. August 13, 1883 Savannah Morning News Savannah, GA
Article from Savannah Morning News, August 13, 1883

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ANOTHER BANK SUSPENDS. The Institution a Wealthy Family Affair, and Resumption a Surety. CINCINNATI, August 12.-The City National Bank, of Lawrenceburg, Ind., closed yesterday, and State Commissioner Hay, of Indianapolis, is examining the books of the bank preparatory to making a statement. The bank was a family affair. DeWitt C. Fitch is President, and his two sons are the Vice President and Cashier. The trouble is due to the use of the bank's money by the Vice President in his lumber business. The Fitch family are very wealthy and the assets of the bank itself are double the amount of its liabilities. The suspension was caused by unexpected demands for money. The bank will probably resume Monday.

2. August 13, 1883 New-York Tribune New York, NY
Article from New-York Tribune, August 13, 1883

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CINCINNATI BUSINESS AFFAIRS. REPORTS OF DISTURBANCE SAID TO HAVE NO FOUNDATION IN TRUTH. CINCINNATI, Aug. 12.-The reports circulated in New-York and Chicago in regard to business dis. turbance in Cincinnati are without the basis of fact. There is no trouble here with banks, and the interest of Cincinnati operators in Chicago provision speculations are comparatively trifling. The best in. formation 18 that Cincinnati merchants do not own over 2,000,000 pounds of provisions in Chicago, and the great bulk of this 18 held by wealtby men who would not be hurt if it all should be lost. The small fry who operated upon margine were wiped out some time ago. The City National Bank at Lawreneeburg, that suspended on Saturday, had no important business relations. Its capital stock of $100,000 was owned by a single family, who u-ed the bank to carry on a lumber business and a saw mill, and its failure affects nobody outside of a very limited circle.

3. August 13, 1883 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, August 13, 1883

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ANOTHER BANK SUSPENSION. TheJFirst National Bank of Lawrence. burg, Ind.. Closes Its Doors. LAWRENCEEURG, Ind., Aug. 12. The old First National Bank. now the City National Bank, at this place, closed this morning and remained closed all day. The bank has a capital of $100,000. It had a slight run yesterday by depositors, and feared a greater one today. DeWitt Fitch is its president and Walter Fitch is the cashier, The Fitch family are the chief stockholders. and almost entire owners of the bank. They operate a large saw mill and have drawn on the bank themselves for their milling purposes. The run which commenced yesterday caused them to close today. State Inspector Hay arrived from Indianapolis tonight, and an examination of the books is in progress. The Fitches say the bank has $2 assets for every $1 of its liabilitis, and they will be able to resume on Monday, People here are not at all alarmed at the situation. Further particulars regarding the suspension cannot be learned tonight, owing to a failure of the telegraph wires to work.

4. August 13, 1883 Evening Star Washington, DC
Article from Evening Star, August 13, 1883

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A BALTIMORE SENSATION. Ex-Fire Commissioners Presented for Malleasance in Office. BALTIMORE, August 13.-The grand jury to-day presented all the members of the late commission of the fire department of this city for maliessance in office. The board consisted of Mayor Pinkney Whyte, ex-officio president, and S.W. Register Thos. W. Campbell, J. Frank Morrison, Samuel Hanna, Bartholomew E. Smith and Charles B. Slingluff. Bail was fixed at 000 in each case. The presentment caused great excitement and astonishment about the city hall and court house. The late board was suspended recently by the appointment of a fire marshal, and the presentments grew out of charges made by the present fire marshal. The Laurenceburg, Ind., Bank Failure LAURENCEBURG, IND., August 13.-Bank Ex. aminer Hayes and the committee of bank depositors are still at work investigating the affairs of the City National bank. The books have been found to be correct, and enough Is known to justify the statement that the depositors will be fully paid. It is thought it may be a month before payment will begin. The rumors of trouble at the People's National bank are declared to be wholly unfounded, and the excitement has died out. Strikes and Labor Movements, INVESTIGATION BY THE SENATE SUB-COMMITTEE. NEW YORK, August 13.-The sub-committee of the U.S. Senate committee on labor and education began its sessions to-day in the Post Office building. The members present were, Senators Blair, of New Hampshire, chairman: George, of Mississipp1: Pugh, of Alabama: Call, of Florida, and Aldrich, or Rhode Island. The special subject of the sub-committee investigation is strikes and labor movements in general, the object being to obtain information which may be used in securing future legislation to prevent them. The committee held several sessions last winter, when a number of witnesses were examined. MASTER WORKMAN CAMPBELL A WITNESS. The first witness to-day was Master Workman John Campbell, of Pittsburg. He testified that he had been a telegraph operator over twenty years, and had been connected with the Knights of Labor and the Brotherhood of Telegraphers for two years. There were between eighteen thousand and nineteen thousand telegraphers in the United States and Canada who are members of the brotherhood, and the whole membership is about 22,000. The cause of the strike was a refusal to grant a demand on the part of the operators for increased compensation, decrease In the hours, and extra compensation for Sunday work. Since 1870 the salaries of telegraph operators had been systematically cut down, and the OBJECT OF THE TELEGRAPHERS' STRIKE was to bring the rate of compensation back to its former standard. Operators were now paid a fixed salary per month, the average rate throughout the country being about $54 for commercial operators, and $39 a month for railroad operators. The average rate for rail road operators in Pennsylvania by an actual census is $38.85 per month. The rate of wages for first class commercial operators now ranged from $80 to $85 per month. The salaries in New York city were higher than those in smaller cities, with exception of New Orleans, Memphis, and Nashville where the scale of wages was about equal to that in this city. The lowest rates for commercial operators were from $35 to $40 a month for operators at small way stations. Before the reduction in wages the rates were from 35 to 40 per cent higher than at present. In 1870 a first-class operator could make from $90 to $120 a month. These rates extended back to the time of the beginning of the war, when the scale of wages was about the same as it is at present for railroad operators, and that for commercial men a little higher. The Western Union company employs a quarter of all the operators in the country, and about two-thirds are railroad operators. The American Rapid company employs only about one-fifth as many operators as the Western Union. THE PROTEST OF THE BROTHERHOOD was against all companies and all employers of telegraph operators. The rate of wages was not considered sufficient to live upon, and was much below that of common day laborers in many instances. The companies were able to pay higher wages to their men without increasing Sheir rates for service to the public. This was evident from the large dividends paid by the Western Union. Besides this the facilities for transmitting messages has been increased by the invention of the duplex and quadruplex instruments. There had been no reduction in the tariff in consequence of these improvements, but, on the other hand, the wages of the operators were cut down. The number of operators had doubled since 1870, while the facilities of the companies had more than doubled. The Western Union in that year handled 7,000,000 messages, and last year the number was 35,000,000. HISTORY OR THE STRIKE. Mr. Campbell related the history of the strike since its beginning. There was a convention of the brotherhood, he said, held in Chicago last March, at which a bill of grievances was drawn up. This was presented to the different local as. semblies of the brotherhood throughout the Uni. ted States and Canada who unanimously ratified the action of the convention. The returns to the executive board were made about two months ago, and the committee was instructed to present the demands of the operators to the different companies, and they were also empowered to arbitrate upon any proposition that might be made by the companies Saratoga Races To-day. SARATOGA, N. Y., August 1&-First race, one mile and seventy yards. Violator first, Brocade second, Referee third. Time, 1:49. race, three quarters of a mile heats: the first heat won by Jim Nelson: Carson second, third. Time, 1:16).

5. August 13, 1883 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, August 13, 1883

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BANKS. THE EMBARRASSED Na Now tional The Reorganization Almost of Accomplished. the First wn Its Kno The Banking Company To-Day The to Make City National Condition Bank, of Lawenceburg. of proposed plan for met the with such that it carried The National has almost certain and to much it where support the First that into execution, now and reassure that specify the busi was be fact has done restore confidence the First National this and On Saturday transact as business in community considerably was shaken. open all day usual, and full many and deposits the ed its drawing their was noticeabie those that who their depositors partially It among Banking others only were not Indiana The doors heavy depositors money. The closed all day. was Saturday complete Company were after kept development its whatever OD relations Na two banks. most important dissolution of The First was purexisted the between the by the other company being which $75, stock held consideration icate. all tional chased outright. the DePauw making in 000, by the double English its face value, with the have new will at once in accordance stockholders stock. about Nearly $225,000. all willingness the other to double their the by plan. signified their OFFICIAL indicated following English: raken vesterday The status official AN of affairs statement, is best furnished by Mr. in of Nathe First of all Indiana "Two matter o of the The first was bank and and the tional the bank etween and that The Banking held by render Banking difference Company of the two urrender stitutions. all stock and did balance sur the company separation reed First to National vesterday bank certain and the held stock other them in one-bair the of it as soon which 18 now step in of at are made besu to for relieve certain debts. zation was The an of imp the ution First adopted to in the pledge line of the reorgania board which of direct the he formal capital which, resol stock of National meeting bank, increa reasing $800,00 the stronges 18 to be was from 00,000 will make it The one newskholders, stock and ru carried out, the country amo ong the the lie to the freezing banks allotted problem rata gives to be any angaction. this effec actually there was holders in the equal and ification they within take mor that old stand exact from In out of the the holders three day their share the are All to decide they wish With to say $150,000. elected whether new or not. Company seen stock thus showing far have their entire all diana the Bankinfolders their stock thus rholders with have confidence double the of it the ca con- will Over seen. three ainty, of course that the atrong management managinary definitely steps been solute place under the the necessary the result will be were over re tike tem being lated, taken but soon. and Many eading banks that all the are KNOWD very westerday from the hope as DePau celved express take place Mr. but will the country would limited afternoon, left for return on and organizering home Monday H. En one glish of probably RUMORS AND known THEIR that buy William the controlthe First No sooner of the it National to were ugly stories of the that had was that ling number stock of xccedingly these, and the that one Mr. English caused nad its for used The first circulation, the bank of profiting by and the there greates caused the run the upon purpose John J. Cooper to effect suspension disaster; that had be large had deposits withdrawal by and Mr. of over the with there, others and that the special money deposit that he bad 000 together of and $37, depositer, this Cooper of the more $500.00 of State 400 of by $40, still an the the that bank wedge split Mr. go was that story English he ing said and could why about, a into put should circul An by other, another bad formed was told of not unde erstand falsehood of the First officer it, said rioned about there in it. an and of the attache In the any of that one character. truth quest whatezed it stockhold "ridicus bank Bank," was no bank characwith tion a the Mr. that had Mr with election the bank bank, lous. er of was told thing the rescue in of Indiana who did inter diana done porter generating rous the only men and that they of Na First fined from DePauw These were the of he doors business of would the have it at This who has could was apolis, for had closed the which this city it wontleman take was nu with tional blow to Mr. English, cot nected if Mr celved years that had if not matte been that is, would Mr the of the in the alone further such said more that The out Mr DePauw had been He had made no worth. the and was Delbeen Pauw started Mr. De Pauw than was been impaired English not officer giving of status were credit of the of stock as these leman, a with the and presen Mr the it. much Anoth Snother and one said conversance that untitled Mr. them He diabe- that the connection for the bank, of fairs, doing hatemunity. fact In that condean State times! half million DePande Cooper the story he more at was which loans, one Heved the nowe funds dollars mercentage entactice, and He likely vilations the London the thougake Thanks such funds better illegal for in caring one. for when bank, conspiracy, it an ex had and ubout The the in this city had saved stockholders the bank were all said no banker Mr. English the fact, the istence. and of that part of depositore, aware that the hankering un. to its of their knew had been Bank was all thankful Mr. He English First National too timid business for story that English, of the he different said, line some of ne only years ago, get true Mr. and prefers First a National and by the preswas on riting Since banker he left free the from incited there duty goes, window he has been the he fre bank Hord kouth the Tenness the upon Bankr "Attorney his office he assing heard wonder by heard offer bet Mr. p! Hord ricked near written the in con of them First National table to-day but all He twelkelk two men One with the dinner doori hear more put the Rebat would up his on his bar, and the close ears 10 drew a check the to

6. August 14, 1883 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, August 14, 1883

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Condition of.the Lawrenceburg Bank. Special to the Indianapolis Journal LAWRENCEBURG, Aug. 13.-Dr. Hay, the Unit ed States Bank Examiner, took charge of the suspended City National Bank on Saturday night. He immediately began his examination, assisted by County Treasurer J. D. Gatch and City Treasurer E. D. Moore, and worked until 4 o'clock Sunday morning. The examination was not complete, but enough was done to satisfy the depositors that they would receive dollar for dollar. Dr. Hay took the train for Indianapolis, expecting to return to-day, but was delayed and will not arrive until to-morrow morning. No detailed statement will be gi ven until the examination is completed. It was stated by reliable authority that only $7,000 in cash was on hand at the time of the suspension. The depositors will not lose one cent, but it will take some time before the effects can be turned into cash. A gentleman in a position to know stated that at least 50 per cent. would be paid in thirty days and the other 50 per cent., B soon as the collaterals could be sold. An official report may be expected to-morrow.

7. August 14, 1883 Daily Republican Wilmington, DE
Article from Daily Republican, August 14, 1883

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Business and Labor Notes. The sub-committee of the U.S.Senate Committee on Labor and Education yesterday began its examination of the strikes and labor movements in genera. The cutting of the wires of the Western Union Telegraph Company continnes. Press Agent Somerville, of that Company, 1' ported: yesterday morning that 150 wires had been cut since Sunday night. The strikers still deny that they cut any of the wires. Two hundred and fit y of the striking cigar-makers in Montreal have left for the United States, and only 80 cigarmakers remain in that city. Three hundred 'longsboremen, employed at Woodruft & McLean's stores in Brooklyn, struck yesterday against a reduction in their wages of 5 cents an hour The firm say they will employ Italians The Lancaster Watch Company, of Lancaster, Penna., which suspended several weeks ago, will resume to-morrow. sufficient capital having been pledged to insure the operation of the works in future. An investigation of the affairs of the City National Bank, of Lawr nceburg, Indiana has been begun, and it is said enough is already known to justify the statement that the depositors will be paid i fill, though it may be a month before the payment will commoney On application of Mrs. Mary Morrison and Mrs. Jane Kitchen, two of the largest stockholders in the Indiana Banking Company of Indianapolis, a receiver was yesterday appointed for that concern.

8. August 18, 1883 Arkansas Weekly Mansion Little Rock, AR
Article from Arkansas Weekly Mansion, August 18, 1883

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Indiana is having considerable trouble of late in financial circles. Last week one or two banks suspended on account of a run on them by de opositors, and another Indians bank-the City National of Lawrenceburg -closed its doors last Saturday. The vicepresident fed the money of the depositors into a saw mill.

9. August 21, 1883 Savannah Morning News Savannah, GA
Article from Savannah Morning News, August 21, 1883

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BRADSTREET'S BUDGET. Trade Embarassments During the Past Week-Decrease in the Southern States, There were 174 failures in the United States reported to BradstreeΕ₯s during the past week, eight more than the preceding week, twenty-six more than the corresponding week of 1882, and one hundred more than the same week of 1881. Compared with the previous week, the Middle States had 42, an increase of 4; New England States 29, a decrease of 5; Southern States 19, a decrease of 2; Western States 50, an increase of 5; Pacific States and Territories 34, an increase of 8; Canada and the Provinces 20, a decrease of 16, The principal failures in New York city were George William Ballou & Co., E. C. Stedman & Co., and Cecil, Ward & Co., bankers and brokers, Taussig & Hammerschlag, wholesale syrups. Elsewhere they were: The City National Bank of Lawrenceburg, Ind.; the FarmΓ©rs' Bank of Richmond, Ind.; Richard B. Hoag, maltster, etc., Lockbort, N. Y.; L. Meyer & Co., general store, Tucson, Arizona, and El Paso, Texas; Alexander de Taussig, wholesale syrups and rock candy, Chicago. In the principal trades they were as follows: Gracers 33; general stores 19; manufacturers 14; liquors 13; shoes 11 hardware 10; bankers and stockholders 6; hotels and restaurants 6; clothing 5; dry goods 5; tobacco and cigars 4; harness 3; bakers and confectioners 3; drugs 3; jewelry 3; fancy goods 31 milinery 2; produce and provisions 2; lumber 2; furniture 2; butchers 2; leather 2; banks 9. ALABAMA. Troy-J. S. Branscomb & Co., shoes, hats, etc., offer to compromise at 50 cents. FLORIDA. Jacksonville-Dowling & Coxe, general store, have failed; Charles F. Powers, general store, has assigned. Liabilities $16,000; assets $15,000. Lake City-Dowling & Wolfe, general store, have failed. GEORGIA. Fort Gaines-J. W. Bass, grocer, offers 50 cents, Locust Grove-J. S. Dickson, general store, has failed. Savannah-H. J. Fear, hay, grain and produce, has assigned. Liabilities, $11,800; assets $2,200. SOUTH CAROLINA. Anderson-Carlisle & Peoples, millinery, have assigned. Florence-M. Manheim, general store, has been sold out by the Sheriff on a confessed judgment of $2,700 to his wife. Liabilities, $3,600; assets, $1,500. Outside creditors, it is said, will realize nothing.

10. August 22, 1883 Daily Republican Wilmington, DE
Article from Daily Republican, August 22, 1883

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Broken Banks and Merchants. A private meeting of the creditors of Wright, Worcester & Co., was held yesterday at Boston. It is said the firm reported their liabilities at $462,000 and contingent liabilities at about$100, 000 more. The assets available for the payment of the$462,000 aggregate $108,000. They are exclusive of $58,000 invested in mining stock and $78,000 invested in a cattle ranche in the West,on account of the latter of which notes for about the amount have been issued. The $78,000 in notes are included in the liabilities. The Directors of the City National Bank, of Lawrenceburg, Indiana, have been notified from Washington that they may settle up its affairs in any way they choose." Cashier Fitch thinks the bank can pay 50 per cent. of its indebtedness in thirty days and the remainder in ninety days. The liabilities of Joseph F. Paul, the suspended lumber dealer of Boston, are estimated at $70,000

11. August 25, 1883 The Superior Times Superior, WI
Article from The Superior Times, August 25, 1883

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CAPT. VINCENT SHINKLE, of Covington, Ky., assigned on the 15th. Liabilities $80,000. PROF. PETERS, 'of Utics, N. Y., announced on the 14th, the discovery at Litchfield Observatory of a bright planetoid, which he says is as bright as a star of the ninth magnitude. HON. GEO. MARSTON, an ex-attorney general of Massachusetts, died at New Bedford, Mass., on the 14th, aged 61 years. MAYOR RICHARD B. HOAG, one of the leading business men of Lockport, N. Y., made an assignment on the 14th. A small firm in which Hoag was interested has also gone down. Hoag's liabilities are placed at $70,000 and assets $75,000. GEO. W. PALLOU & Co., stock brokers, New York City, succumbed to the depression in stocks on the 14th. Liabilities about $1,000,000. DEPOSITORS of the defunct City National Bank of Lawrenceburg, Ind., will be paid in full. THE Illinois entomologist has found dormant Hessian flies and joint worms in the fields in the southern part of his state. He recommends the burning of the stubble fields.

12. November 17, 1883 The Daily Cairo Bulletin Cairo, IL
Article from The Daily Cairo Bulletin, November 17, 1883

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Another Lumber Fire. LAWRENCEBURG, Ind., Nov. 16.Twelve thousand dollars' worth of lumber, owned by the suspended City National Bank, burned yesterday. It is supposed to have been fired by an incendiary. Fully insured.

13. November 17, 1883 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, November 17, 1883

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Lumber Destroyed. LAWRENCEBURG, Nov. 16.-Twelve thousand dollars' worth of lumber owned by the suspended City National Bank burned yesterday. The fire is supposed to be the work of an incendiary. The loss is covered by insurance.

14. January 3, 1884 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, January 3, 1884

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Notes and Personalities. Special to the Indianapolis Journal. WASHINGTON, Jan. 2.-The President has appointed Clem. Studebaker and W. F. Nisbet, of Indiana, commissioners to represent the State at the World's Industrial Exposition in 1884. The Comptroller of the Currency is examining the affairs of the City National Bank, of Lawrenceburg, Ind., in order to determine whether a receiver should be appointed for that bank. The House committee on appropriations is working on some of the smaller appropriation bills, and expects to have the military academy and fortification bills ready to report shortly after Congress reassembles.

15. March 29, 1884 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, March 29, 1884

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Minor Notes. A. D. Lynch has assumed the duties of receiver of the City National Bank of Lawrenceburg. Jacob Deutsch, clothier, Lafayette, has made an assignment. Liabilities between $6,000 and $7,000; assets, unknown. Charles Buller, the murderer of his wife, has been removed from Whitly county to the jail at Fort Wayne for safe keeping. Frank Merriweather, of Fort Wayne, was run over at the depot there yesterday. His shoulder was crushed, and he will die. Thomas J. Gilligan, the well-known attorney, of Jeffersonville, who cut his throat with a pen-knife on Tuesday week, died on Thursday. A post of the Sons of Veterans has been organized at Huntington, with about twenty members. The organization is known as 0. P. Morton Camp, No. 8. Last night the board of trustees of the Fort Wayne Masonic Temple Association awarded to Christian Boseker a contract to finish the half-completed building for $26,000. Wm. Dudley Foulke, of Richmond, has filed a petition in the Circuit Court for a dissolution of the partnership between himself and Isaac Jenkinson, owners of the Palladium, and for the appointment of a receiver of the partnership stock and business. F. B. Thomas and Jacob Deihl, of Bedford, agreed to play a joke on Samuel Jacobs, a peddler, who was boarding at the Deihl House, by giving him croton oil on eggs. Jacobs was taken ill, and for several days lingered between life and death. He has commenced suit against F. E. Thomas and Jacob Deihl for $5,000. A soldier, in the Evansvllle Journal, suggests the nomination of General James C. Veach, of Spencer county, for Governor. He says: "In intellect, culture, force of character, and, best of all, good, sound judgment, General Veach is the peer of any man in the State, and his friends can point with pride to his gallant services as a soldier and unsullied record both in public and private life." Three prisoners escaped from the Decatur jall on Thursday night. They cut through the inner door until they came to the bars on the outer door. They then took the wrench of a coal stove and turned the bars and forced the stapleout. Their names, as they are known here, are Dave Morran, Billy Adams and Jack Welsh. Two prisoners who were confined with them, but whose sentence had nearly expired, refused to leave.

16. July 16, 1885 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, July 16, 1885

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For the Creditors' Benefit. A. D. Lynch, receiver of the City National Bank, of Lawrenceburg, filed suit in the United States Court yesterday, against the First National Bank, of Rising Sun, the Citizens' National Bank, of Greensburg, the First National Bank, of Greensburg, the Third and Fourth National Banks, of Cincinnati, the National Branch Bank, of Madison, and others. The suit is to recover for the defunct Lawrenceburg bank certain real estate on which the defendants foreclosed, claim being made that before judgment was entered the City National Bank had failed, and that the defendants must share with the other creditors the proceeds of a sale of the property.

17. August 7, 1886 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, August 7, 1886

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Ruling in a Bank Case. In the case of J. C. Small, receiver of Fitch & Fitch, of Ripley county, against A. D. Lynch, receiver of the City National Bank of Lawrenceburg, the court finds that the Lawrenceburg National Bank, by voluntary liquidation, authorized by the Comp. troller in 1884, paid 50 per cent. of its indebtedness to the three national banks of Cincinnati, which was, Judge Woods holds, in the nature of a dividend. The court or ders that the receiver shall make a report of all creditors who received such payments, and that further payments shall be stopped until all of the creditors have received & like sum. The Third National Bank has asked an appeal, which was taken under advisement.

18. September 11, 1886 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, September 11, 1886

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City National Bank of Lawrenceburg. WASHINGTON, Sept. 10.-Comptroller of the Currency Trenholm has declared a dividend in favor of the creditors of the City National Bank, of Lawrenceburg, Ind. This bank went into voluntary liquidation Aug. 13, 1883, and on March 11, 1884, was declared insolvent and placed in the hands of a receiver. By decree of the Circuit Court of the United States for the district of Indiana, the date of insolvency was fixed at Aug. 10, 1883. The bank, while in process of liquidation by its officers, paid a number of its creditors from 25 to 100 percent. on their claims. The present dividend, amounting to $21.000, is to equalize and level up the payments to 75 per cent. of the claims as they existed at the date of insolvency fixed by the court.

19. September 11, 1886 The Memphis Appeal Memphis, TN
Article from The Memphis Appeal, September 11, 1886

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creditors of the City National Bank of Lawrenceburg, Ind. This bank went into voluntary liquidation August 13, 1883, and on March 11, 1884, was declared insolvent and place in the hands of a receiver. By decree of the Circuit Court of the United States for the District of Indians the date of insolvercy was fixed at August 10, 1883. The bank while in process of liquidation by its officers, paid a number of its creditors from 25 to 100 per cent. on their claims. The present dividend, amounting to $21,000, is to equalize and level up the payments to 75 per cen'. of be claims as hey exis ed at the time of insolvency fixed by the court.

20. September 11, 1886 The Argus Rock Island, IL
Article from The Argus, September 11, 1886

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Declared a Dividend. W ASHINGTON CITY, Sept 11.-The comptroller of the currency has declared a dividend in favor of the creditors of the City National bank, of Lawrenceburg, Ind. This bank went into voluntarily liquidation Aug. 13, 1883, and on March 11, IS84, was declared insolvent and placed in the hands of a receiver. By a decree of the circuit court of the United States for the district of Indiana the date of the insolvency was fixed at Aug. 10, 1883. The bank while in process of liquidation by its officers paid a number of its creditors from 25 to 100 per cont. on their claims. The present dividend amounting to upwards of $21,000, is to equalize and level up the payments to 75 per cent. of the claims as they existed at the date of insolvency fixed by the court.

21. September 16, 1886 Iron County Register Ironton, MO
Article from Iron County Register, September 16, 1886

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FROM THE CAPITAL. The Austrian Mission-A Dissatisfied ExPostmaster Harmony's Sinecure - An Equalizing Dividend One for SparksBayard and the Greasers - National Banks Fined. WASHINGTON, Sept. 11.-It seems to be an accepted fact that the President has about made up his mind to appoint some person to the Austrian mission. Colonel A. H. Belo, editor of the Galveston News, is being strongly urged, and it is said by his friends that Mr. Clevelandis kindly disposed towards him. Colonel Belo is now in the Adirondacks, and has spent two or three days with the President. It is not believed by those best informed that Secretary Bayard will consent to send any one to Austria, but others are confident that the President is about to take the matter in his own hands and appoint some one who will be unobjectionable. Itis urged that the President has lost confidence in Secretary Bayard's judgment since the Austrian Government refused to accept Mr. Keily as Minister, which as well has resulted in the recalling of Baron Shaffer, then the Austrian Minister to this country. Friendly diplomatic relations have not prevailed, and Baron Shaffer has not been succeeded by any representative of that government. Secretary Bayard will oppose appointing any one, upon the grounds that it will be construed into a concession upon the part of this Government to send a minister after Mr. Keily's rejection. The Austrian Government, it is understood, has no objection to receiving any one the President may name. WASHINGTON, Sept. 11.-The army of claimants who annually march into Washington while Congress is in session will have at least one new recruit next winter. A. N. Wilson, who was recently removed from the postmastership of Savannah. Ga., because he was an offensive partisan, denies the authority of the President to remove him, and announces his intention to take his case into the Court of Claims. He bases his claim on the Constituion of the United States, and intends to sue the government for salary which will not be due until the latter part of January, 1889, the date of the expiration of his commission had he been permitted to remain undisturbed in office. He states that he is now making arrangements to contest the question in the Court of Claims, but fears that the judges may decide against him because it has been the custom so long to remove officials at the discretion of the President. WASHINGTON, ago Secretary Whitney issued an order abolishing the Bureau of Construction and Repair, and the Department of Yards and docks. The construction bureau have already made preparations to comply with this order, but the acting SecreHare si AABN the JO Arm JO Bureen the 10 Chief st H Anom Yards and Docks. Taking advantage of his present authority and to prevent the possibility of being removed from this "sinecure," he issued yesterday an order to prevent any movements respecting the removal of his bureau. He forwarded a letter to Secretary Whitney, stating that the bureau was absolutely necessarv for the sole purpose of keeping himself in office. It is expected that Secretary Whitney will require a strict compliance with his order. WASHINGTON, Sept. 11.-Comptroller of the Currency Trenholm has declared a dividend in favor of the creditors of the City National Bank of Lawrenceburg, Ind. This bank went into voluntary uo puu 1888' '81 liquidation March 11, 1884, declared insolventand placed in the hands of a receiver. By decree of the Circuit Court of the United States for the district of Indiana the 18nBuy 18 pexy SUM JO date 10, 1883. The bank, while in process of liquidation by its officers. paid a number of its creditors from twenty-five to one hundred per cent on their claims. The present dividend, amounting to $21,-And the dn 19401 Ρ€ΠΈΠ² equalize 01 si '000 ments to seventv-five per cent of the claims as they existed at the date of in. solvency fixed by the court. W ASHINGTON, Sept. 11.-A pretty little row was disposed of yesterday morning by Acting Attorney-General Jenks. Comptroller Durham several days ago ordered Land Commissioner Sparks to audit certain accounts. Sparks replied in effect that he would do it when he got ready. Durham then intimated that he would make him do it. Both Sparks and Durham are stubborn and pugnacious, and it looked for a time as though the record of the Kilkennv cats would be wiped from the pages of history. Judge Jenks, however, was called upon to settle the difficulty, and he decides that the Secretary of the Interior alone can compel the Land Commissioner to audit his accounts. WASHINGTON, Sept. 11.-The Secretary of State, notwithstanding the release of Cutting, will, it is said, insist upon the abrogation of article 186 of the Mexican penal code, which confers upon Mexican courts jurisdiction under certain circumstances over foreigners for offenses committed outside of Mexican territory; or at least Mr. Bayard will insist upon the renunciation by Mexico of the right to subject American citizens to that code on the ground that American courts have exclusive criminal jurisdiction over offenses committed within the territory of the United States by American citizens. VASHINGTON, Sept. 11.-The Comptroller of the Currency vesterday fined five National banks $500 for delinquency in responding to his calls for monthly reports. These banks, the Comptroller Π±Π»Π΅Π³Ρƒ JOJ eash 0018 peug eq 111M 'SAUS day that they are delinquent in respondSHIPP 144 calls. Inture pur sign 01 But fined have been in default on three different calls, and the Comptroller has determined to make an example of them by enforcing the law. He made the order im-