Dominion Trust Company (Pittsburg, PA)

Episode Information

Episode Type
Suspension β†’ Closure
Start Date
July 16, 1914
Location
Pittsburg, Pennsylvania (40.441, -79.996)
Bank Type
trust

Metadata

Notes

No explicit article mentions a depositor run or an earlier formal 'suspension'β€”the company was placed in receivership in July 1914 and wound up thereafter.

Events (4)

1. July 16, 1914 Receivership
Newspaper Excerpt
James L. Adams, of Corapolis, Pa., was today appointed receiver of the Dominion Trust Company, of Pittsburg whose affairs have been in court lately. His bond was fixed at $200,000.
Source
newspapers
2. August 23, 1916 Other
Newspaper Excerpt
Auditors to pass upon the first and partial account and report of James L. Adams, receiver of the Dominion Trust Company in proceedings to 53 Commonwealth Docket, 1914.
Source
newspapers
3. January 4, 1917 Other
Newspaper Excerpt
Receiver Adams petitions to recover $4,500 paid out to Glass Rotary Pot Company; order approving payment dated August 31, 1914.
Source
newspapers
4. November 14, 1926 Other
Newspaper Excerpt
City officials awaiting word from defunct bank receiver; affairs of the trust company were wound up several years ago.
Source
newspapers

Newspaper Articles (10)

Article from Harrisburg Telegraph, July 9, 1914

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Article Text

HEAR RECEIVERSHIP ARGUMENT Argument was heard by the Dauphin County Court yesterday on the application for a permanent receiver for the Dominion Trust Company of Pittsburgh. which had been asked for by the Attorney General on behalf of the


Article from The Daily Telegram, July 16, 1914

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Article Text

RECEIVER NAMED. (BY ASSOCIATED PRESS HARRISBURG, Pa., July 16James L. Adams, of Corapolis, Pa., was today appointed receiver of the Dominion Trust Company, of Pittsburg whose affairs have been in court lately. His bond was fixed at $200,000.


Article from The Fairmont West Virginian, July 17, 1914

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Article Text

JAMES L. ADAMS RECEIVER. HARRISBURG, Pa., July 16.James L. Adams, of Corraopolis, Pa., was today appointed as receiver of the Dominion Trust Co., of Pittsburgh, whose affairs have been in court lately. His bond was fixed at $200,000.


Article from The Washington Times, July 17, 1914

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Article Text

EAST. too HARRISBURG, Pa.-James L. Adams, the of Coraopolis, former senator, is apthe of I pointed receiver of the Dominion Trust i foreCompany, of Pittsburgh. I


Article from The Daily Telegram, July 17, 1914

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Article Text

(BY ASSOCIATED PRESS) HARRISBURG, Pa., July 17.James L. Adams, of Corapolis, Pa., was appointed receiver of the Dominion Trust Company, of Pittsburg "whose affairs have been in court lately. His bond was fixed at $200,000.


Article from Harrisburg Telegraph, May 12, 1916

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Article Text

NOTICE is hereby given that the following accounts have been filed in the Court of Common Pleas of Dauphin County, Pa., and will be confirmed by said Court on the 15th day of June, 1916, unless cause be shown to the contrary: The first and final account of William F. Burgoon, committee of Stephen Chard. First and final account of Wellington Herb, committee of William F. Matter, of the Borough of Lykens, Dauphin County. Pa. First and final account of Harrisburg Trust Company, guardian for Florence S. Kauffman, a weak-minded person. First and final account of Joseph A. Miller. assignee of Alfred Farling, Sr., of Penbrook, Pa. First and final account of F. J. Schaffner, assignee of I. S. Conrad. of Derry Township. Dauphin County, Pa. First account of James A. Tanner, receiver of Liberty Mutual Fire Insurance Company of Philadelphia, Pa. First account of James A. Tanner, receiver of Lincoln Mutual Fire Insurance Company of Philadelphia, Pa. First and partial report of James L. Adams, receiver of Dominion Trust Company of Pittsburgh. Pa. First and partial account of David Hunter, Jr., receiver of the Land Trust Company. HENRY F. HOLLER, Prothonotary.


Article from Harrisburg Telegraph, May 26, 1916

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Article Text

NOTICE is hereby given that the fol- lowing accounts have been filed in the Court of Common Pleas of Dauphin County, Pa., and will be confirmed by said Court on the 15th day of June, 1916, unless cause be shown to the contrary: The first and final account of Wil- liam F. Burgoon, committee of Stephen Chard. First and final account of Welling- ton Herb, committee of William F. Matter, of the Borough of Lykens, Dau- phin County. Pa. First and final account of Harrisburg Trust Company, guardian for Florence S. Kauffman, a weak-minded person. First and final account of Joseph A. Miller, assignee of Alfred Farling, Sr., of Penbrook, Pa. First and final account of F. J. Schaff- ner, assignee of I. S. Conrad, of Derry Township, Dauphin County, Pa. First account of James A. Tanner, receiver of Liberty Mutual Fire Insur- ance Company of Philadelphia, Pa. First account of James A. Tanner, re- ceiver of Lincoln Mutual Fire Insur- ance Company of Philadelphia, Pa. First and partial report of James L. Adams, receiver of Dominion Trust Company of Pittsburgh, Pa. First and partial account of David Hunter, Jr., receiver of the Land Trust Company. HARRY F. HOLLER, Prothonotary.


Article from Harrisburg Telegraph, August 7, 1916

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Article Text

AUDITORS' NOTICE - Notice is hereby given that the undersigned and appointed by the Court of Common Pleas of Dauphin County, to pass upon the first and partial account and report of James L. Adams, receiver of the Dominion Trust Company in proceedings to 53 Commonwealth Docket, 1914, in the said court between the Commonwealth of Pennsylvania ex rel, John C. Bell, Attorney General vs. Dominion Trust Company of Pittsburgh, Pennsylvania, and to audit the same and to make distribution in accordance with provisions of the act of April 23, 1909, P. L. 167, will sit for the purpose of their appointment in the Dauphin county Law Library at the Courthouse in the City of Harrisburg, Pennsylvania. upon the 23rd day of August, 1916, at 10 o'clock a. m., when and where the parties in state may attend and be heard. JOHN R. GEYER. CHARLES J. MAGEE, Auditors.


Article from Harrisburg Telegraph, January 4, 1917

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Article Text

# Receiver Wants to # Get Back $4,500 Paid # Out to Glass Pot Co. In a petition to the Dauphin county court asking permission to begin pro- ceedings against the Glass Rotary Pot Company to recover $4,500, James L. Adams, receiver for the Dominion Trust Company, Pittsburgh, yesterday admitted that the money had originally been paid to the Glass Rotary Company by mistake as a trust fund claim. The order in which the pay- ment of the $4,500 was directed was approved August 31, 1914. In the petition Receiver Adams said that when the affairs of the trust com- pany were being settled, the $4,500 which represented the trust money the Glass Company had kept in the bank, was paid, presumably from a balance at hand because the fund was a trust fund. Since then according to Mr. Adams, he has discovered his mistake and asked the court's leave yesterday to rectify it. The court allowed 10 days to answer the rule.


Article from The Pittsburgh Post, November 14, 1926

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Article Text

CITY OFFICIALS AWAIT!NG WORD FROM DEFUNCT BANK RECEIVER Two Letters Fail To Get Reply From Adams. SOLICITOR MAY FILE COURT SUIT No word had been received by the city law department up to yesterday. from former Senator James L. Adams whom City Solicitor Charles A. Waldschmidt is anxious to hear from as the result of the city's failure to account for an amount more than $22.000 supposed to have been paid by Adams as receiver of the defunct Dominion Trust Company. Adams was reported in St. Petersburg. Fla., where a letter was sent to him in October More recently registered letter was mailed by the law department but there has been no reply to either. Solicitor Waldschmidt is anxious to hear from Adams and in the event he does not respond within the next few days, a more direct effort will be made to locate him. RECORDED ON STATE RECORDS it is expected that the necessary fiveThe money which Controller John per cent of the assessed population will H. Henderson is unable to ascertain have signed by Wednesday. The was received by the city is recorde: court of quarter sessions will receive on the state records as paid by Adams the petition at the end of the week. in the shape of 41 per cent dividend Advocates of annexation state that the return on deposit of $53,000. the city territory. with its population of 7,000 had in the Dominion Trust Company. A recent check up failed to reveal city record showing receipt of the same. The affairs of the trust company were wound up several years ago and so far there has been no explanation of the lanse by which the amount unaccounted for on the city books was overlooked until Controller Henderson detected what he regarded as a His discoverey immediately led to activity and the city solicitor started an investigation. The information Adams is able to give, it was stated. likely would clarify matters. The law department was not in possession of information by which Adams could be located at once. He has been a resident of St. Petersburg for some time but his exact street address is not known to Waldschmidt. In the event he is not heard from, it has been indicated, matters will be brought to a focus by proceeding against the indemnity company on his bond.