Tioga National Bank (Oswego, NY)

View Charter #862 on SPMC View balance sheet

Episode Information

Episode UID
86201186
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
8620 national
Charter Number
862
Start Date
October 14, 1898
Location
Oswego, New York (43.455, -76.510)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
aa9a77825d620778

Response Measures

None

Description

Some articles contain OCR typos (e.g., 'Oswewo').

Events (3)
1. March 6, 1865 Chartered
Source
historical_nic
2. October 14, 1898 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closure ordered after an examination revealed a large defalcation by assistant cashier Eli W. Stone, who died (reported suicide).
Newspaper Excerpt
Close the doors of the bank; receive no more deposits. I have placed C. E. Van Brocklin, national bank examiner, in charge of the bank.
Source
newspapers
3. November 17, 1898 Reopening
Newspaper Excerpt
The Tioga National Bank, of Owego, N. Y., which suspended payment October 14, was today given permission by the Comptroller of the Currency to resume business.
Source
newspapers

Newspaper Articles (14)
1. October 14, 1898 The Times Washington, DC
Article from The Times, October 14, 1898

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Article Text

SENATOR T. C. PLATT'S BANK. Bawes Orders the Comptroller Owego Institution Closed. Comptroller of the Currency Charles G. Dawes yesterday ordered the suspension of the Tioga National Bank, of Owego, N. Y., of which Senator T. C. Platt is president, on account of a heavy defalcation by the assistant cashier, Eli W. Stone, who died Wednesday night. Orders closing the bank's doors were wired by Comptroller Dawes to Cashier F. E. Platt, who is a brother of Senator Thomas C. Platt. The text of the comptroller's telegram to Cashier Platt was, "Close the doors of the bank; receive no more deposits. I have placed C. E. Van Brocklin. national bank examiner, in charge of the bank. This action was taken by the comptroller as a result of the recent examination by Examiner Van Brock in, which, as stated. disclosed a large defalcation on the part of Assistant Cashier Stone. Last Tuesday night Examiner Van Brocklin called on Assistant Cashier

2. November 17, 1898 The Evening Times Washington, DC
Article from The Evening Times, November 17, 1898

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Article Text

Allowed to Resume Business. The Tioga National Bank, of Owego, N. Y., which suspended payment October 14, was today given permission by the Comptroller of the Currency to resume business.

3. November 17, 1898 Connecticut Western News North Canaan, Salisbury, Canaan, CT
Article from Connecticut Western News, November 17, 1898

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Article Text

Tioga Bank to Resume. The Tioga National bank of Owego, N. Y, of which Senator Thomas C. Platt is president, will reopen for business on Thursday, with a capital of $50,000. The suspension of the bank was ordered by reason of the peculations of the assistant cashier.

4. November 17, 1898 The Monmouth Inquirer Freehold, NJ
Article from The Monmouth Inquirer, November 17, 1898

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Article Text

Tioga Bank to Resume. The Tioga National bank of Owego, N. Y., of which Senator Thomas C. Platt is president, will reopen for business on Thursday, with a capital of $50,000. The suspension of the bank was ordered by reason of the peculations of the assistant cashier.

5. November 18, 1898 New-York Tribune New York, NY
Article from New-York Tribune, November 18, 1898

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Article Text

PLATTS BANK RESI WES BUSINESS Owego, N Y. Nov. 17.-The Tioga National Bank, of which Senator Thomas C. Platt is president, resumed business 10-day C. D Yothers, formerly of the First National Bank takes the place of E W Stone assistant cashier. whose defalcation led to the suspension of business by the Tioga National Bank some time ago. Stone died shortly after the suspension of the bank, under circumstances which led to the belief that he had committed suicide.

6. November 18, 1898 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, November 18, 1898

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Article Text

Failed l'ank Reopens. WASHINGTON Nov. 17.--The Tioga National bank of Oswego, N. Y., which BUSpended payment August 14, having complied with the conditions imposed by the comptroller of the currency precedent to resumption, is now in a solvent condition and has been permitted to reopen its doors foi business.

7. November 18, 1898 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, November 18, 1898

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Article Text

General Notes. WASHINGTON, Nov. 17.-To-day's statement of the condition of the treasury shows: Available cash balance, $296,616,654; gold reserve, $241,088,630. The right of the government to prosecute criminally persons grazing sheep in all forest reservations except in Oregon and Washington, was sustained in a decision rendered to-day by the attorney general. The Court of Claims to-day rendered a judgment of $1,961,400 in favor of the New York Indians. who entered suit against the United States to recover the value of certain lands donated to them in Kansas and subsequently disposed of by the United States. The Tioga National Bank, of Owego, N. Y., which suspended payment Oct. 14, 1898, having complied with the conditions imposed by the controller of the currency precedent to resumption, is now in a solvent condition and has been permitted to reopen its doors for business. The President has been notified of the intended visit to this country of President Iglesias, of Costa Rica, who is expected to reach Washington by the first of next week. Secretary Hay is making arrangements for his reception.

8. November 18, 1898 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, November 18, 1898

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Article Text

WASHINGTON Nov. 17.-The Tioga National Bank of Owego, New York, which suspended payment on Aug. 16, 1898, has been permitted to reopen its doors for business.

9. November 23, 1898 The Leader Brookhaven, MS
Article from The Leader, November 23, 1898

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Article Text

THE EAST. The oldest actress in this country and probably in the world, Clara Fisher Maeder, died at Metuchen, N.J., aged 87 years. In the United States the visible supply of grain on the 14th was: Wheat, 19,194,000 bushels: corn, 23,529,000 bushels; oats, 5,499,000; bushels; rye, 1,017.000 bushels; barley, 3,341,000 bushels. Business has been resumed by the Tioga national bank at Oswego, N. Y., which suspended recently. Samuel C. Bartlett, former president of Dartmouth college, died suddenly at Hanover, N. H., aged 71 years. On the stage in New York Ethel Marlowe, a young and handsome actress, dropped dead. The torpedo boat Dupont made over 30 knots an hour at Newport, R. I., proving her to be the fastest boat in 1! United States navy. After serving 12 years Timothy Dwight, president of Yale college at New Haven, Conn., has resigned. The firm of Seidenberg, Steifel & Co.. cigar dealers in New York, failed for $500,000. In Pittsburgh, Pa., G. W. Schmidt. wholesale liquor dealer, filed his petition in voluntary bankruptcy with liabilities of $818,000.

10. November 23, 1898 Willmar Tribune Willmar, MN
Article from Willmar Tribune, November 23, 1898

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Article Text

MINOR NEWS ITEMS. For the Week Ending Nov. 17. Three Indian outlaws were killed in a fight with officers at Chelsea, I. T. The entire business section of Covington. La., was swept away by a fire. Mayor Zeigenheim has vetoed the curfew bill passed by the St. Louis city council. Lord Minto, the new governor general of Canada, took the oath of office in Quebec. Chase, Isherwood & Co., the oldest tobacco firm in Ohio, has gone out of business. The world's gold product for 1898 is placed at $275,000,000, against $237,000.000 in 1897. The inauguration of Brazil's new president, Campos Salles, took place in Petropolis. The union coal miners returned to work at Virden, Ill., after a lockout since April 1. James Richardson, the largest cotton planter in the world, died suddenly at Benoit, Miss. E. O. Kragness went 50 miles on a bicycle in San Francisco in 2:15:29, making a new record. A seat on the New York stock exchange sold for $28,000, the highest price in 15 years. The Tioga national bank at Owego, N. Y., which suspended recently, has resumed business. Ethel Marlowe, a young and handsome actress, dropped dead on the stage in New York. Dr. Thomas A. Kennedy, whose fame as a hypnotist was world wide, died in Chicago, aged 45 years. The thirty-second annual meeting of the National grange, Patrons of Husbandry, began in Concord, N. H. William Slagle, a messenger for the Exchange bank at Churubusco, Ind., was robbed of $1.200 by highwaymen. Dr. Samuel C. Bartlett, former president of Dartmouth college, died suddenly at Hanover, N. H.. aged 71 years. John C. Roth. county treasurer and millionaire pork packer, was killed in

11. November 24, 1898 The Worthington Advance Worthington, MN
Article from The Worthington Advance, November 24, 1898

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Article Text

THE EAST. Business has been resumed by the Tioga national bank at Oswego, N. Y., which suspended recently. Samuel C. Bartlett, former president of Dartmouth college, died suddenly at Hanover, N. H., aged 71 years. On the stage in New York Ethel Marlowe, a young and handsome actress, dropped dead. After serving 12 years Timothy Dwight, president of Yale college at New Haven, Conn., has resigned. The firm of Seidenberg, Steifel & Co.; cigar dealers in New York, failed for $500,000. In Pittsburgh, Pa., G. W. Schmidt, wholesale liquor dealer, filed his petition in voluntary bankruptcy with liabilities of $818,000.

12. January 1, 1899 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, January 1, 1899

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Article Text

-High water mark of the government gold reserve, $245,063,795. 13-The Tioga National bank of Oswewo, N. Y. (Senator Platt, president), suspends on account of the defalcation and suicide of the assistant cashier. 18-Judge Hammond of the United States court in Cleveland enjoins striking wire drawers from interfering with non-union men. 24-The United States supreme court decides the Joint Traffic association unlawful. The Illinois supreme court holds that the charter of the Pullman Palace Car company does not permit it to own the town of Pullman, nor any other real estate not necessary to the conduct of its business. NOVEMBER. 12-The Virden, Ill., coal mine strike settled. 16-The First National bank of Emporia, Kan., closed by Comptroller Dawes: President Cross commits suicide. 25-An attachment suit begun against Grant C.,Gillett, the Kansas cattle man. DECEMBER. 2-The Consolidated Tinplate company organized. 3-The Thingvalla line sold to the United States Steamship company. 5-The Linseed Oil company, incorporated. 15-American Potteries company incorporated.

13. January 1, 1899 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, January 1, 1899

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Article Text

8-High water mark of the government gold reserve, $245,063,795. 13-The Tioga National bank of Oswewo, N. Y. (Senator Platt, president), suspends on account of the defalcation and suicide of the assistant cashier. 18-Judge Hammond of the United States court in Cleveland enjoins striking wire drawers from interfering with non-union men. 24-The United States supreme court decides the Joint Traffic association unlawful. The Illinois supreme court holds that the charter of the Pullman Palace Car company does not permit it to own the town of Pullman, nor any other real estate not necessary to the conduct of its business. NOVEMBER. -The Virden, III., coal mine strike settled. 16-The First National bank of Emporia, Kan., closed by Comptroller Dawes; President Cross commits suicide. 25-An attachment suit begun against Grant C. Gillett, the Kansas cattle man. DECEMBER. 2-The Consolidated Tinplate company organized. 3-The Thingvalla line sold to the United States Steamship company. 5-The Linseed Oil company, incorporated. 15-American Potteries company incorporated.

14. January 13, 1899 The Holly Chieftain Holly, CO
Article from The Holly Chieftain, January 13, 1899

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Article Text

BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24 -National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170, 000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. .20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, 1a., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (sus pended) Aug. 11-Bank of Waverly, III., $150,000. 27 -Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Aia., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., lia bilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon. O., capital 350,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, 0, goes into liquidation. Nov. 5-First national, of Flushing., O., suy. pends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doora with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.