Bank of Athens Trust Company (New York, NY)

Episode Information

Episode UID
1075871577
Episode Type
Run Only
Bank Type
state
Bank ID
107587 routing
Routing Number
1-0758
Start Date
May 29, 1931
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
072b3fb2620e594e

Response Measures

None

Description

Articles report a withdrawal (run) triggered by disclosure that society officers removed funds; editors arrested after publishing the allegation.

Events (1)
1. May 29, 1931 Run
Cause
Bank Specific Adverse Info
Cause Details
Publication alleging that officers of a mutual aid society had withdrawn $30,000 from the bank, prompting depositors to withdraw funds.
Measures
Bank assistant filed complaint and pressed charges against the paper's editor and manager for circulating false information.
Newspaper Excerpt
This article contained the information that the officials of the Omonoea branch ... had withdrawn $30,000 from the Bank of Athens Trust Company ... As a result of this information, many Greek workers withdrew their savings from the bank.
Source
newspapers

Newspaper Articles (3)
1. June 4, 1931 The Daily Worker Chicago, IL
Article from The Daily Worker, June 4, 1931

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Article Text

FRAME "EMPROS" MANAGER EDITOR, With "Bank Charged Rumors" NEW Solon, editor of the Greek Communist weekly. Empros, and Harry Phillips, manager of the paper, were arrested Tuesday on framed charges in connection with run on the Bank of Athens Trust Company, 205 West The arrest was instigated by Greek fascists and is an attempt to strike crushing blow at Empros, whose influence among the Greek workers has been increasing rapidly The two workers were arrested by members of the bomb squad, and for many hours their whereabouts were clothed with the utmost secrecy. Federal. state and city police authorities refused to give the New York District of the International Labor Defense any information. They were discovered by accident. Allan Taub, attorney the New York I.L.D., was in night court, 314 West 54th Street, Tuesday night defending 44 workers who were arrested in connection with an eviction. While he was there the case of the two Greek workers called. and Taub immediately presented himself as their lawyer. The arrest of Solon and Phillips came as result of an article that appeared in the Empross of May 29. This article contained the information that the officials of the Omonoea branch of the Pancreta, reactionary Greek mutual aid society, had withdrawn $30,000 from the Bank of Athens Trust Company without informing the members, many of whom also were depositors in the bank. As result of this information. many Greek workers withdrew their savings from the bank. Solon and Phillips were then arrested on the complaint of Pane Dimon, assistant of the bank and charged with violating state concerning the circulation of false information about banks. The penalty for this is one year in jail or $1,000 fine or both. The two workers will receive hearing today (Thursday) in Jefferson Market Court. The Greek fascists the head of the bank and the mutual aid society are bending all efforts secure conviction. The New York District of the I.L.D. calls all workers to help defeat this attack on the Greek workers and their militant organ, Empross.

2. June 4, 1931 The Daily Worker New York, Chicago, NY
Article from The Daily Worker, June 4, 1931

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Article Text

FRAME "EMPROS" EDITOR, MANAGER Charged With "Bank Rumors" NEW YORK-Charles Solon, editor of the Greek Communist weekly, Empros, and Harry Phillips, manager of the paper, were arrested Tuesday on framed charges in connection with a run on the Bank of Athens Trust Company, 205 West 33rd St. The arrest was instigated by Greek fascists and is an attempt to strike a crushing blow at Empros, whose influence among the Greek workers has been increasing rapidly. The two workers were arrested by members of the bomb squad, and for many hours their whereabouts were clothed with the utmost secrecy. Federal, state and city police authorities refused to give the New York District of the International Labor Defense any information. They were discovered by accident. Allan Taub, attorney for the New York I.L.D., was in night court, 314 West 54th Street, Tuesday night defending 44 workers who were arrested in connection with an eviction. While he was there the case of the two Greek workers was called, and Taub immediately presented himself as their lawyer. The arrest of Solon and Phillips came as a result of an article that appeared in the Empross of May 29. This article contained the information that the officials of the Omonoea branch of the Pancreta, a reactionary Greek mutual aid society, had withdrawn $30,000 from the Bank of Athens Trust Company without informing the members, many of whom also were depositors in the bank. As a result of this information, many Greek workers withdrew their savings from the bank. Solon and Phillips were then arrested on the complaint of Pane Dimon, assistant vice-president of the bank and charged with violating a state statute concerning the circulation of false information about banks. The penalty for this is one year in jail or $1,000 fine or both. The two workers will receive a hearing today (Thursday) in Jefferson Market Court. The Greek fascists at the head of the bank and the mutual aid society are bending all efforts to secure a conviction. The New York District of the I.L.D. calls all workers to help defeat this attack on the Greek workers and their militant organ, Empross.

3. June 4, 1931 The Daily Worker Chicago, IL
Article from The Daily Worker, June 4, 1931

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Article Text

FRAME "EMPROS" MANAGER EDITOR, Charged With "Bank Rumors" NEW Solon, editor of the Greek Communist weekly. Empros, and Harry Phillips, manager of the paper, were arrested Tuesday on framed charges in connection with run on the Bank of Athens Trust Company, 205 West 33rd St. The arrest was instigated by Greek fascists and is an attempt strike crushing blow at Empros, whose influence among the Greek workers has been increasing rapidly. The two workers were arrested by members of the bomb squad, and for many hours their whereabouts were clothed with the utmost secrecy. Federal, state and city police authorities refused to give the New York District of the International Labor Defense any information. They were discovered by accident. Allan Taub, attorney for the New York I.L.D. was in night court, 314 West 54th Street, Tuesday night defending 44 workers who were in connection with an eviction. While he was there the case of the two Greek workers called. and Taub immediately presented himself as their the mutual aid society are bending all efforts secure conviction. The New York District of the I.L.D. calls all workers to help defeat this aton the Greek workers and their militant organ, Empross.