Encyclopedia Dubuque
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Affiliated with the Local History Network of the State Historical Society of Iowa, and the Iowa Museum Association.
MARKELL, DARROW AND COMPANY
MARKELL, DARROW AND COMPANY. According to the 1857-1858 Dubuque City Directory, this bank was located at 131 Main Street. The New York correspondent of this bank was the American Exchange Bank.
By November, 1860 H. Markell was advertising itself as the successor.
In January, 1868 creditors of H. Markell were of the opinion that his business failure had been the result of "adverse circumstances." Poor investments including grain, a Missouri land investment, and investments in property here had been made in an effort to recover money owed. He had also suffered a heavy financial loss in the failure of Ketchum & Son, once one of the largest banking houses in New York City. In the last two days of bank business, an estimated $28,000 had been legitimately been paid out. Markell declared that he would pay all of his debts. (1)
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Source:
1. "Another Meeting of Markell's Creditors," The Herald, January 14, 1868, p. 4