Washington Mechanics Savings Bank (Washington, DC)

Episode Information

Episode UID
15006671404
Episode Type
Suspension → Reopening
Bank Type
savings
Bank ID
1500667 routing
Routing Number
15-0066
Start Date
December 15, 1916
Location
Washington, District of Columbia (38.895, -77.036)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
40f6381f87c40ba1

Response Measures

None

Description

The bank was affected by the March 1933 federal banking holiday and reopened on a 100% basis immediately after. Articles from 1916 mention a receivership for a bank of the same name, but the 1933 article confirms the bank was active and celebrated its 27th anniversary in 1933.

Events (3)
1. December 15, 1916 Receivership
Newspaper Excerpt
Pigman agt Washington Mechanics' Savings Bank: H. H. Wescott appointed receiver
Source
newspapers
2. March 1, 1933* Reopening
Newspaper Excerpt
The Washington Mechanics' Savings Bank was one of the 20 local banks which was given a license on a 100 per cent basis at the end of the holiday.
Source
newspapers
3. March 6, 1933 Suspension
Cause
Government Action
Cause Details
National banking holiday (moratorium) declared by the federal government.
Newspaper Excerpt
The Washington Mechanics' Savings Bank was one of the 20 local banks which was given a license on a 100 per cent basis at the end of the holiday.
Source
newspapers

Newspaper Articles (4)
1. December 15, 1916 Evening Star Washington, DC
Article from Evening Star, December 15, 1916

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Article Text

THE COURTS District Supreme Court. EQUITY DIVISION Justice Casualty Hitz. Agency Company agt. continued: ComDistrict he ring on rule L. plaintiff's pany of America; attorneys, J. D. Faber and R. Halpenny agt. Williams; rule discharged defendplaintiff's Williams attorney. Robinson White; I ant's attorney. re Annie W. L. A. Tyrrell; Lee. order authorizing In to make investment. committee agt Washington Mechanics' Savings bond. 1 Pigman H. H. Wescott appointed receiver; Baker and Bank: plaintiff's attorneys. D. W. M. J. $500: W. L. Symons; defendant's attorneys, Colbert and J. D. Sulivan. confirming sale agt. Reily; decree G. C. plaintiff's Reily attorneys. Berry & Minor, Bowie and J. J. Hamilton. EQUITY DIVISION Justice Stafford. order Trust Company agt. Welker: plain- disUnion appeal for failure to give bond; E. A. missing Hamilton & Hamilton. tiff's attorneys, and C. Rahalt; defendant's attorneys, Jones Irving Williamson and John Ridout sale agt. White Cross Milk Company convey: Mertens finally and receiver directed to W. H. ratified attorneys, Bates Warren and & plaintiff's Sholes; defendant's attorneys, Douglas, Ruttiu in Obear. Donnelly agt. Donnelly; decree of partition plaintiff' attorney. W. W. Edwards. kind: agt. Kloczewski: order for counsel J. P. Kloczewski and suit money: plaintiff's attorney, Shick: fees defendant's attorney. J. B. Stein. Rapids National City Bank agt. Baxter: Grand ratified and distribution ordered; plaintiff's attorneys, sale Ralston & Richardson. agt. Van Schoen: Charles R. Gantz ap pointed Birney guardian ad litem; plaintiff` attorney. Warren Helphenstine. Crittenden agt. Crittenden: order approving of trustees and directing distribution; T. W. account plaintiff's attorneys, M. J. Colbert and Gardiner. O'Brien: defendant's attorney. W. G. of Josiah Shaw: further argument In continued re estate to December 20; attorneys, Victor Wallace Paul Sleman. Thornton agt. Powers: order enlarging refer- P. ence to auditor; plaintiff's attorney, J. Earnest. agt. Fiddell: bill dismissed and order I. Fiddell counsel fee: plaintiff's attorney. John Wilson Sachs; for defendant's attorneys, E. L. and W. A. Lee. CIRCUIT DIVISION 1-Chief Justice Covington: al. Beall agt. Capital Traction Company et of traction company to declaration demurrer leave to amend in fifteen days: sustained with O'Brien; defendant's plaintiff's attorney. M. E. and P. H. attorneys, F. J. Hogan, C. H. Syme Marshall. Walford agt. Snider; motion for leave to file pleas granted; plaintiff's attorneys, Leckie, additional Cox & Sherier; defendant's attorney. Louis Ottenberg Washington Railway and Electric Vernon agt. jury respited until Monday plaintiff's attorattorneys. Company: Shinn & Owen; and Roger defendant J. Whiteford. neys. George P. Hoover Tenleytown Golding agt. Georgetown and granted to Company et al. leave Railway date in declaration pleadings to stand: amend plaintiff's attorney. W. G. Gardiner; defendant's attorney, George P. Hoover CRIMINAL DIVISION Justice Gould. States agt. Alfonzo Johnson. carnal Fountain Peytonf knowledge; United recognizance, $100, taken; attorney. United States agt. Ernest Brown, non-support; defendant committed. United States agt. Louis P. Russell, housebreaking: plea guilty referred to probation of I. ficer; attorneys, M. F. Mangan and Robert Miller. United States agt. Walter Gray, rape; plea not guilty; attorney, Joe C. Brown. United States agt. John Diggs, robbery plea E. McD. Kintz. not guilty: attorneys, W. H. Hoover and United States agt. Mary Smith, assault to kill: United plea States guilty agt. John R. Wells, attempted robberly: plea not guilty; attorney, Octave Bigoness. United States agt. Wesley G. Wampler; plea, referred to probation officer. guilty: United States agt Taylor Crutchfield, house Colbreaking; plea, not guilty; attorney, J. E. lins. United States agt. Marie Washington, grand larceny; plea. guilty remanded. United States agt. James Green. assault with to dangerous weapon; plea, guilty; referred probation officer. States agt. King Terrell, forgery; United $300. for Marie Burand Robert taken with recognizance, Frank Frazzano surety; attorney, I. Miller. United States agt. James Webster, assault A. W. Scott. with dangerous weapon; on trial; attorney, United States agt. Matthew L. Dodd, assault atwith a dangerous weapon; verdict, guilty; torney. Octave States Bigoness. agt. Francis Benton, attempted United verdict, guilty; attorney, Dora Palkin. robbery: United States agt. Silas Parker, carnal knowledge; verdict, guilty: attorney, H. L. Tignor. CRIMINAL DIVISION 2 Justice McCoy. agt. Walter Harvey and Rich United States in transit; perL. Cordry: stealing goods sonal ard recognizance taken for sentence States agt. Charles Ware, assault with for Colvin. dangerous United weapon: sentenced to penitentiary six years attorney, C. R. Washington, ufterUnited States agt. Owen penitentiary forged paper: sentenced to M F. Mangan. for ing two a years; placed on probation; attorney. States agt. Dick Smith, larceny: sen tenced United to Occoquan for six months: attorney, H. L. Tignor. States agt. Raymond Green and A1United Middleton. housebreaking sentenced to J. C. bert penitentiary for eight years each; attorney, United Brown. States agt. Robert J. Lawerson, stealing goods in transit; plea not guilty and United States agt. Charles Reynolds Occount; Graham, adultery sentenced to twelve Jessie for six months and Graham for Newmyer months: Reynolds both placed on probation; attorney, A. L. States agt. Thurman Burek. selling morphine: United sentenced to penitentiary for three years; attorney. Leo A. Rover. BANKRUPTCY DIVISION Hitz. In re R. D. Harlan: adjudication and referR. D. Quinter referee. issue. ence; In re Morris Goldstein; commission ordered to

2. December 16, 1916 The Washington Herald Washington, DC
Article from The Washington Herald, December 16, 1916

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Article Text

COURT PROCEEDINGS. Circuit Division No Supreme Court, District of Columbia Chief Justice Coving Equity Division No. 1. Beall vs. Capital Traction Justice Hits. al; demurrer of defendant C District Agency Company va. Casualty tion Company to declaration Company of America; hearing on rule with leave to amend in fi continued; plaintiff's attorneys, J. Dann plaintiff's attorney. M. E. o Faber and R. L. Halpenny. fendant's attorneys, F. J. H Williams VS. Williams; order dischargSyme and P. H. Marshall. ing rule; plaintiff's attorney, Robinson Wolford & Watt VS. Snider White; defendant's attorney, W. A. Lee. leave to file additional plea In re Annie L. Tyrrell; order authorizgranted; plaintiff's attorneys, & Sherier; defendant's atto ing committee to make investment. Ottenberg. Pigman vs. Washington Mechanics' Stohlman vs. Stohlman; d Savings Bank: order appointing H. H. declaration sustained with Wescott receiver; bond $500; plaintiff's amend in fifteen days; plain attorneys, D. W. Baker and W. L. neys, Chapin Brown and C. Symons; defendant's attorneys, M. J. defendant's attorney, D. W. Colbert and J. D. Sullivan. Stohlman vs. Stohlman; ti Relly vs. Reily; decree confirming sale; fendant to plead extended t plaintiff's attorneys, Berry & Minor, G. (two cases); plaintiff's attor Calvert Bowie and J. J. Hamilton. Bauman and Chapin Brown; O'Donnell VS. O'Donnell; order requirattorney. D. W. O'Donoghue, ing trustee to file new bond; plaintiff's Shilling vs. Adams Express attorney, W. J. Lambert. order to make declaration m Schneider vs. Stockwell; decree quieting within fifteen days from this title; plaintiff's attorneys, Maddox & tiff's attorneys, W. B. Young Gatley. Jones: defendant's attorneys, & Flannery. Assignment for Monday, December 18: Shannon & Luchs vs. Sa Bankruptcy, 910-In re the New York granted defendant to file in 1 Cycle Company; attorneys, Brandenburg an amended affidavit of defen & Brandenburg-Hartman, Gardiner. 33 1-2-Revelle vs. Rannie; attorneys, tion for judgment continued Lester-Dennis attorneys, Wolf & Cohen and iels: defendant's attorneys, 39-Blanchard vs. Auerbach; attorneys, Richardson. Colbert-Ridout. United States ex rel, Ash 41-Anderson vs. Anderson; attorneys, borne; motion of respondents Truitt-Williams, Whiting, Coombe petition for writ of manda

3. April 12, 1933 Evening star Washington, DC
Article from Evening star, April 12, 1933

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Article Text

GOULD RE-ELECTED BANK PRESIDENT Other Officers Retained at Annual Meeting of Washington Mechanics. BY EDWARD C. STONE. Ezra Gould and all other officers and directors of the Washington Mechanics Savings Bank were re-elected at the annual and organization directors held late yesterday. The stockholders elected the following directors: Directors Walter K. Bachrach, Clarence F. Ezra Gould, George Hayes, Hoyt Lamb, Jesse B. Edward Pyles, Edwin John Guy Mason, The directors met once elected these offiyear: Ezra Gould, cers for coming Clarence Burton, president; president and cashier; Dr. Edward Pickford and Buckingham. Offutt. vice secre- presidents; Mrs. M. H. McCarthy, B. M. Mehler. tary: jr., and B. M. Grant, assistant cashiers. The Washington Mechanics' Savings banks one the 20 local Bank was which was given basis license on 100 per cent of the holithe day. end Prior to the moritorium this basis. bank been on the had the bank twentyseventh Yesterday The office on Connecticut avenue and the bank has three branches. March Department Store Sales. store in the fifth Federal Reserve district were off 29 per compared with the same cent in March, for the first month three months year the present York year' made were the 24 New down best per of any the Federal Reserve districts in the month recently ended. Preliminary figures on the value of department store decrease from February to March of somewhat seasonal than the estimated more amount The Federal Reserve Board's index, which makes both for number of business days and for usual was in March on seasonal changes, of average as the basis 100, compared with 60 in February and 60 January In in comparison with year ago, the of sales for March. according to the preliminary figures, was 27 per cent smaller. In making the comparison with should be year the fact that the date of Easter. was very early last year (March 27) late this year (April 16), that this year sales during March included much smaller part Easter buying than they did last The for the first quarthe year was 25 per cent smaller than last year. Percentage decrease from year ago: Report March 447 Total Louis most disfigures tricts year. Bank Deposit Guarantees. Although bankers as whole have no sympathy for any proposal to guarantee or as they do, that such banking. possible, says the New York Times, that an insurance measure with steps to unify the banking system under the Federal Reserve and with prohibition against interest on demand deposits might be The of interest on deposits would effect an saving, possibly close to 1,000,000,000 year for the banking system as whole, unless it resulted wholesale transfers of funds from demand to time and out this saving the banks could well afford to contribute to guaranty fund. Moreover, the newspaper adds, if all banks were to uniform regulation under the Federal Reserve system, would be opportunity for bad bankers taking advantage the guaranty, to lure deposits out good banks by the of higher interest rates. It is probable that the chief argument of bankers such case will given under strict and interest on there be no need for guaranty fund. Today's Trading on Exchange. Bonds received attention on the Washington Stock today The first bond was in Washington Gas Light 5s. 1958, $500 at 85½ Washington Gas Light 1960, apon the board in $500 transfer at The was Washington Gas 6s, Series B, eight $100 bonds moving at 103½ In the stock department Potomac Electric Power 5½ per cent preferred figured in two sales, one at 106 and the other at Directors of the Virginia Railway today the regular quarterly dividend of $1.50 share on the ferred stock May to holders of April 15. Heard in Financial District. Fleming, president of the Riggs Bank, is attending the meeting of the Council of the American now ing held at Augusta. Ga. While there, Fleming will make report chairman the Legislative Committee. covering what has taken place in legislative matters in Congress since the bankers' annual meeting last October. Richard Whitney president of the New York Stock Exchange early in 1930, and president of the 106 change during the panic of will begin his fourth term in that office following of the change on May His by the of the exchange makes his election certain. As noted in today's Star, the of the Commercial National Bank that beginning morning, holders of commercial accounts may call at the bank and obtain statements as to their the time the bank ness on February 27. This applies to checking accounts only. an ment for savings depositors being expected shortly. This an announcement an early opportunity for the filing of all claims against bank. U. S. TREASURY CERTIFICATES 26% (Reported by Chas. D. Barney

4. March 10, 1934 The Washington Times Washington, DC
Article from The Washington Times, March 10, 1934

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Article Text

the Washington Mechanics Savings Bank is expecting something of a run. The Mt. Vernon, prior to closing during the banking holiday, gccepted school children's savLugs funds, These are inluded in the liquidation incidental to the