Encyclopedia Dubuque
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Affiliated with the Local History Network of the State Historical Society of Iowa, and the Iowa Museum Association.
COMMERCIAL NATIONAL BANK: Difference between revisions
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[[Image:commercialnatbank.jpg|left|thumb|350px|]]COMMERCIAL NATIONAL BANK. The bank was organized on April 11, 1871 and located at 92 Main Street. Officers the bank included [[GRAVES, R. E.|R.E. GRAVES]] and [[STOUT, Henry L.|Henry L. STOUT]]. | [[Image:commercialnatbank.jpg|left|thumb|350px|]]COMMERCIAL NATIONAL BANK. The bank was organized on April 11, 1871 and located at 92 Main Street. Officers of the bank included [[GRAVES, R. E.|R.E. GRAVES]] and [[STOUT, Henry L.|Henry L. STOUT]]. | ||
The Commercial National Bank closed its doors March 20, 1888 with $444,059 due to depositors. The total liabilities were $518,310. Certain members of the bank had withdrawn large sums. | The Commercial National Bank closed its doors March 20, 1888 with $444,059 due to depositors. The total liabilities were $518,310. Certain members of the bank had withdrawn large sums. | ||
Revision as of 16:16, 26 September 2014
COMMERCIAL NATIONAL BANK. The bank was organized on April 11, 1871 and located at 92 Main Street. Officers of the bank included R.E. GRAVES and Henry L. STOUT.
The Commercial National Bank closed its doors March 20, 1888 with $444,059 due to depositors. The total liabilities were $518,310. Certain members of the bank had withdrawn large sums.
E. P. Welles, of Clinton, was appointed receiver. He charged violations of the law by the bank officials and on that ground asked for the forfeiture of its charter; he also charged that false statements had been made. In the end the bank paid about 70 cents on the dollar.
See: BANKS AND BANKING.
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Source:
"Butchers, Bankers, and Cabinet Makers," Booklet accompanying the Robert Reding exhibit at the OLD JAIL 2007-2010
Oldt, Franklin T. History of Dubuque County. http://www.ebooksread.com/authors-eng/franklin-t-oldt/history-of-dubuque-county-iowa-being-a-general-survey-of-dubuque-county-histor-tdl/page-21-history-of-dubuque-county-iowa-being-a-general-survey-of-dubuque-county-histor-tdl.shtml