State Bank - Trenton, NJ

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 25, 1913
Location: Trenton, New Jersey (40.217, -74.743)

Metadata

Model: gpt-5-mini
Short Digest: 07a573c5

Response Measures

None

Description

Article is a letter from Frank L. Wildes, receiver for the State Bank of Trenton discussing a receivership and asking for legislative investigation. No run or depositor panic is described; the bank is in receivership/under investigation, implying suspension and effective closure with a receiver.

Events (2)

1. February 25, 1913 Receivership

Newspaper Excerpt: As receiver of the bank, I have nothing to hide and perhaps many things to tell to an investigating committee... Respectfully, FRANK L. WILDES.
Source: newspapers

2. February 25, 1913 Suspension

Cause: Government Action
Cause Details: Bank placed in receivership; legislature taking up State Bank affairs and calling for investigation.
Newspaper Excerpt: I reiterate that I welcome and demand a full investigation of the receivership held and executed by me.
Source: newspapers

Newspaper Articles (1)

1. February 25, 1913 Tonopah Daily Bonanza Tonopah, NV

Article from Tonopah Daily Bonanza, February 25, 1913

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Article Text

TRENTON, N. J., Feb. 25.-President-elect Wilson resigned the governorship of New Jersey today to take effect on March 1. committee or to any depositor of the bank. 3d-The matter of my salary has been in the hands of the court for a number of months and so far no ruling has been made. I have produced capable witnesses to testify to the salary that should be paid to one filling the duties as I have and this testimony is on hand to be shown to the proper parties. This matter is now under advisement with Judge Langan and was, prior to the introduction of the senate resolution. 4th-The legislature has seen fit to take up the matter of the State bank affairs and now as one of the parties chiefly concerned therein, I ask that the resolution which the senate has passed be passed by the lower house and that a full and complete investigation of any and all dealings of the State bank be examined into and a full report of the same be given to the public. S 5th-The statements of Senator Heffernan made upon the floor of the senate are at variance with the truth as an investigation would show, as the records of the court will show 18 reports filed, covering in detail the work done by this receivership. As receiver of the bank, I have nothing to hide and perhaps many things to tell to an investigating committee which will be of interest and which would not properly be a portion of the receiver's report and I reiterate that I welcome and demand a full investigation of the receivership held and executed by me. While I do not recognize the right of a legislative body to inquire into this matter, I have at all times so licited inquiry and advise from any and all sources and I gladly seize the opportunities afforded me to explain this matter for the benefit of al concerned. Respectfully, FRANK L. WILDES.