1154. United Bank & Trust Company (San Francisco, CA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
October 21, 1905
Location
San Francisco, California (37.780, -122.419)

Metadata

Model
gpt-5-mini
Short Digest
4e95ddce

Response Measures

None

Description

State board of bank commissioners closed the United Bank & Trust Company on Oct 21, 1905 by government action to prevent further waste. Newspapers report no run, commissioner placed in temporary charge, attorneys-General/commissioners pursued reorganization or receivership and later refused permission to re-open, indicating permanent closure and possible legal/criminal action.

Events (3)

1. October 21, 1905 Suspension
Cause
Government Action
Cause Details
Closed by state board of bank commissioners to prevent further waste; accused of unsafe practices and placed under temporary charge of Commissioner Blackstock.
Newspaper Excerpt
The United Bank & Trust company was closed today by the state board of commissioners ... were closed to prevent further waste
Source
newspapers
2. October 24, 1905 Other
Newspaper Excerpt
The Bank Commissioners have refused permission to the United Bank Trust Co., which closed its doors on the 21st inst., to re-open. They declare that the institution's affairs shows misappropriations of funds, deceitful assests and shaky investments.
Source
newspapers
3. October 25, 1905 Other
Newspaper Excerpt
The directors of the United Bank and Trust company have been given until Monday to comply with the conditions ... and if they have not done so ... a complaint will be filed ... asking for the appointment of a receiver to take charge of the affairs of the institution. (Attorney General ultimatum).
Source
newspapers

Newspaper Articles (7)

Article from The Salt Lake Herald, October 22, 1905

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Article Text

CALIFORNIA BANK CLOSED. Methods of Officials Not Approved by State Board. San Francisco, Oct. 21.-The United Bank & Trust company was closed today by the state board of commissioners, who announced that the bank, with its two branches in this city and its Alameda branch, were closed "to prevent further waste" and until a court of competent jurisdiction could pass upon the matter of the institution's solvency or insolvency. The commissioners are reported to have found that the bank has not been conducted in a manner to meet with their approval. There was no run on the institution, for the notice of the commissioners was posted only a few minutes before the usual hour of closing on Saturday. The officers of the institution are as follows: F. N. Myer, president; R. L. Cheney, secretary: G. E. Souper, assistant cashier. All of these gentlemen claim that the bank is thoroughly sound and well conducted. They say that they hope to open again in a few days and express the belief that the bank is not insolvent. Commissioner Blackstock has' been placed in temporary charge of the bank. which is accused of ignoring an order. to discontinue the "unsafe practices" alleged to have prevailed in the conduct of its business. The bank is not a large institution, its capital being $212,875. The affairs of the bank will be closed upon Monday, when the state through Attorney General Webb, will take action. Whether depositors will lose by the closing cannot be stated at present.


Article from Los Angeles Herald, October 22, 1905

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Article Text

UNITED BANK AND TRUST COMPANY IS CLOSED SHUT DOWN BY ORDER OF STATE COMMISSIONERS It Is Alleged That the San Francisco Concern Has Been Guilty of Unsafe Practices in the Conduct of Its Business By Associated Press. SAN FRANCISCO, Oct. 21.-The United Bank and Trust company was closed today by the state board of bank commissioners, who announced that the bank, with its two branches in this city, and its Alameda branch, were closed "to prevent further waste," and until a court of competent jurisdiction could pass upon the matter of the institution's solvency or insolvency. The commissioners are reported to have found that the bank has not been conducted in a manner to meet with their approval. There was no run on the institution, for the notice of the commissioners was posted only a few minutes before the usual hour of closing on Saturday. The officers of the institution are as follows: F. N. Meyer, president; R. L. Cheney, secretary; G. E. Souper, assistant cashier. All of these gentlemen claim to believe that the bank is thoroughly sound and well conducted. They say that they hope to open again in a few days, and express the belief that the bank is not insolvent. Commissioner Blackstock has been placed in temporary charge of the bank, which is charged with ignoring an order to discontinue the "unsafe practices" alleged to have prevailed in the conduct of its business. The bank is not a large institution, its capital being $112,875. The affairs of the bank will be closed up on Monday, when the state, through Attorney General Webb, will take action. Whether depositors will lose by the closing cannot be stated at present.


Article from Los Angeles Herald, October 26, 1905

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Article Text

MUST REORGANIZE BANK Attorney General Gives Ultimatum to the United Bank and Trust Company By Associated Press. SAN FRANCISCO, Oct. 25.-The directors of the United Bank and Trust company have been given until Monday to comply with the conditions laid down by the attorney general, and if they have not done so by that time a complaint will be filed in the superior court asking for the appointment of a receiver to take charge of the affairs of the institution. The conditions set forth by the bank commission and the attorney general are briefly as follows: The impaired capital of the bank must be reimbursed; that the cash on hand must be made equal to the deposits, and that the reorganization of the board of directors must be made complete.


Article from Los Angeles Herald, October 26, 1905

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1-Cars will run today. 2-Another recall movement dead. 3-Society busy with weddings. 4-Editorial. 5-City news. 6.7-Classified advertisements. 8-Extreme cruelty charged by wife. PART II 1-W. C. T. U. may bar tobacco. 2.3-Sports. 4-Heiress will go to collect. 4-5-6-Public advertising. 7-Markets. 8-Southern California news. EASTERN Harriman special continues to make fast time on eastward run. President Roosevelt forced to make brief speech to assembled crowd at Memphis. President McCurdy makes startling announcement that board of trustees of Mutual Life Insurance company has appointed committee to investigate methods of officers of their company. FOREIGN Fifteen persons killed, 100 injured in meat riots at Santiago, Chile. Czar virtually a prisoner in palace at Peterhof. Great railway strike ties up all lines in empire. Apportionment of new Russian bond issue announced. France gets $120,000,000 of apportionment. COAST Prisoner in Butte jail commits suicide by eating phosphorus from mbtches. Business section of town of Richmond nearly wiped out by fire. Attorney general says United Bank and Trust company of San Francisco must reorganize or close doors. LOCAL Masons honor their grand master, Motley H Flint. Y. W. C. T. U. will take lead today in great white ribboners' convention. Poor dressmaker who inherited $815,000 will take course in business college. Inside transactions regarding the "doping" of horses at race tracks given by P. J. Gorman on witness stand yesterday in the superior court. Wife sees husband choking son and after separating them sues for divorce. Final settlement to be made in Baker estate. Council will be asked to secure new quarters for library. Cars will run today on South Park avenue line. Movement to recall the mayor is gasping in its death throes


Article from River Falls Journal, October 26, 1905

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an TTT faind as the national, proposes to treat Great Britain as a brother, not as a parent. A bride of two months was found dead in Chicago, with her husband, evidently her murderer, fatally shot beside her. The United Bank and Trust company, at San Francisco, was closed by the state board of bank commissioners "to prevent further waste" and until a court can pass upon its solvency. Statistics at the close of the tourist season show that more visitors, particularly Americans, have been in London this year than ever before, and that Paris no longer leads as an attraction. Upon petition of some of its creditors, E. J. Becker, of Kansas City, Mo., was appointed receiver for the Imperial Brewing company, of that city. The company owes about $625,000. The failure is attributed to the reform movement in Missouri. Russian strikers have paralyzed traffic on all the leading railroads, amazing the government by their display of strength. Admiral Togo made a triumphant entry into Tokio and, cheered by thousands, drove to emperor's palace to report officially the return of his victorious warships. Gov. Folk, of Missouri, commuted the sentence of Edgar G. Bailey, who was to have been hanged at Kansas City for murder, to imprisonment for 99 years. Johnnie Goodson, a 11-year-old boy, who on August 18 shot and killed Hannah McQuade, a girl about 12 years of age, in Detroit, Mich., was acquitted on the charge of manslaughter by a jury in the circuit court. The new brick worksof the Hummelstown Brownstone company were destroyed by fire of unknown cause at Harrisburg, Pa. The loss is $50,000 with insurance of $40,000. United States Senator Boies Penrose denied emphatically the rumors connecting him with loans from the Enterprise bank, at Allegheny, Pa. He says the charge is malicious and was made for political effect. Commissioner Warner, of the pension bureau, has announced his intention of recommending the dismissal from the service of a number of employes who have been engaged in loaning money in the bureau at usurious rates. Martin Barth died at his home in Gallatin, Tenn. Mr. Barth in 1848 was chief messenger of the old Atlantic and Ohio Telegraph company at Pittsburg, Pa., where Andrew Carnegie was given his first employment as a messenger boy. Beside that other great actor, Garrick, and under the shadow of the statue of Shakespeare, as the interpreter of whose plays he won fame, the ashes of Sir Henry Irving were given burial in Westminster abbey. The governor of Odessa, Russia, has issued an order to the police instructing them that in the event of disturbances they are to fire directly into the mobs without any preliminary volleys in the air. The question of the friar lands purchase was practically settled at Manila when the commission paid the Dominican order $3,225,000, which is the last payment. The Minnesota state board of health has issued a circular to county superintendents of schools forbidding the employment as teacher of any person suffering from tuberculosis, and debarring children sufering from that disease from admission to the schools. The British public celebrated the centenary of Lord Nelson's death and cablegrams were received from Dewey and Togo. The Bridgeport (Conn.) -police found $9,000 more of plunder of the Adams Express $101,000 thief. Weekly trade reviews show continued enormous demands on productive capacity and active retail distribution. Samuel Gompers says he will make a strong fight against the employment of Chinese on the Panama canal. Gov. Cummins announces that the tariff revision fight will come up in Iowa at an early date and that the revisionists will win. The National Purity league is divided over a proposition made by delegates to the La Crosse (Wis.) meeting to form a new organization. Mr. Landis says that investigation has revealed a sensational condition of extravagance and improvidence in public printing and says that congress is certain to take action. Edward George Cunliffe, the express clerk who stole $101,000 at Pittsburg, Pa., was arrested in Bridgeport, Conn. The police recovered $80,000 of booty, but the prisoner declares that he has burned the remaining $20,000. The Pennsylvania's new car order brings that road's expediture for equipment for the year up to $26,000,000. The New York police have been or-


Article from The Maui News, October 28, 1905

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All Schools Are Closed-Strikes are Hastening Reforms and Promulgation of New Government is Expected Soon. W. M. BABBITT FOR SUPERINTENDENT. Asked by Governor Carter to Accept Duties of Superintendent of Public Instruction.-Three Plantations on Maui Promise Homesteads to Families. Sugar 96 deg. test, 3.925. Beets, 8s. 21d. ST. PETERSBURG, Oct.-People are fleeing abroad on all outgoing steamers. All schools are closed and all naval forces are called home. Strikes are hastening reforms in which promulgation of new government is expected soon. NEW YORK, Oct. 27.-Governor Carter yesterday afternoon asked Winfred M. Babbitt if he should be willing to undertake the duties of Superintendent of Public Instruction. Three hundred families have promise of homesteads divided between five plantations in return for furnishing labor in field and mill. Three of the plantations are on Maui and one each on Maui and Oahu. CHICAGO, Oct. 26.--Harriman arrived here fifty hours and 24 min. from San Francisco. WASHINGTON, Oct. 26.-Taft announces that he will not resign from the Cabinet and is not a candidate for the Presidency. NEW YORK, Oct. 26.-Slanier, Republican nominee for District Attorney has withdrawn and urges nomination of Jerome. NEW YORK, Oct. 26.-Commision of Trustees has been appointed to ingistigate the Mutual Life Insurance Co. HONOLULU, Oct. 26.-The OR. & L. Co. may build a road to Wahiawa. ST. PETERSBURG, Russia, Oct. 25.--Over half of European Russia is in the grip of the striking railroad men. Tomorrow it is expected that the capital will be cut off from the outside world by way of the Continent. This will also suspend postal communication. Anarchy prevails. At Riga many have been killed and wounded and the Government spirit shops have been looted and destroyed. Two bloody riots have taken place at Ekaternoslas, where volleys were fired by the soldiera. SANTIAGO DE CHILE, Oct. 25.-Three thousand troops have arrived here and order has been restored. Probably sixty have been killed and 200 wounded in the recent rioting resulting from the levy of taxes. SAN FRANCISCO, October 24.-The Bank Commissioners have refused permission to the United Bank Trust Co., which closed its doors on the 21st inst., to re-open. They declare that the institution's affairs shows misappropriations of funds, deceitful assests and shaky investments. It is possible that criminal proceedings may be taken against the directors. ST. PETERSBURG, October 24. -Since his return from the Portsmouth peace conference, M. Witte has been freshly installed in the Imperial favor. There is a probability that he will be the Premier in the proposed Cabinet. He is advocating American liberal ideas. ST. PETERSBURG, October 24.- The railroad strike is spreading throughout the Empire. MOSCOW, October 24.-The strike has been isolated in the city. SANTIAGO, Chili, October 24.-Rioting over the taxes has taken place, many being killed and wounded. MOBILE, Ala., October 24.--President Roosevelt has arrived here and been enthusiastically received. TOKIO, October 24.-A tremendous reception ashore was tendered to Admiral Togo and his crew. SAN FRANCISCO, Cal., Oct. 23.-The Pacific Mail steamer Siberia arrived here today ten days, ten hours and 28 minutes from Yokohama. Miss Roosevelt and E. H. Harriman with their accompanying friends did not land here, but were taken aboard a tug to Oakland, where they took their train east. TOKIO, Japan, Oct. 23.-The review of the victorious Japanese navy in command of Admiral Togo was held today. There were 308 warships of various types in line. The shins were reviewed by the Emperor of Japan. After the reo view the Emperor received the visiting British and American commanders. O BERLIN, Germany, Oct. 23.-Herr von Schten; the German Minister at Copenhagen, succeeds Count von Alveusieban, the German Ambassador at St. Petersburg. TUSCOGEE, Ala., Oct. 23.-President Roosevelt spoke at the University here before the colored students. a WICHITA, Kans., Oct. 23.-Ex-Congressman Simpson, popularly y known as Sockless Jerry Simpson, died here today. h ST. PERTERSBURG, Russia, Oct. 23.-The railroad strike situation here is serious.


Article from Willmar Tribune, November 1, 1905

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caped from the Kentucky state hospital for the insane at Hopkinsville. Forty-three ships and 22 men are known to have been lost in the great lakes' storm. The death list may grow. The crew of the barge Minnedosa, wrecked in Saginaw bay, heroically cut the towline and went to death rather than cause the loss of another vessel. Francis B. Runder, cashier of the St. Louis post office, was arrested, following the discovery of an alleged shortage of $9,000 in his accounts. A monument to Pope Plus X., subscribed for by Catholics all over the world, was unveiled at Reise, the little village in the Venetian province where the pope was born. A launch, containing ten men, all of Philadelphia, collided with a barge in Delaware river off Beverly, N. J., resulting in the drowning of six of the occupants of the little boat. The United Bank and Trust comrany, at San Francisco, was closed by the state board of bank commissioners "to prevent further waste" and until a court can pass upon its solvency. Johnnie Goodson, a 11-year-old boy, who on August 18 shot and killed Hannah McQuade, a girl about 12 years of age, in Detroit, Mich., was acquitted on the charge of manslaughter by a jury in the circuit court. Russian strikers have paralyzed trafflc on all the leading railroads, amazing the government by their display of strength. Commissioner Warner, of the pension bureau, has announced his intention of recommending the dismissal. from the service of a number of employes who have been engaged in loaning money in the bureau at usurious rates.