John Hall & Company - Fort Ann, NY

Episode Information

Episode UID: 1538762191184
Episode Type: Suspension → Closure
Bank Type: private
Bank ID: 153876219 hash
Start Date: August 2, 1898
Location: Fort Ann, New York (43.414, -73.488)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 4be96934b691e9a7

Response Measures

None

Events (2)

1. August 2, 1898 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Failure caused by injudicious loans; capital small compared with large liabilities.
Newspaper Excerpt: The banking-house of John Hall & Co., at Fort Ann., ... closed its doors yesterday.
Source: newspapers

2. August 3, 1898 Receivership

Newspaper Excerpt: Orson Sheldon, of Fort Ann, has been appointed receiver, and the books are being examined.
Source: newspapers

Newspaper Articles (1)

1. August 4, 1898 New-York Tribune New York, NY

Article from New-York Tribune, August 4, 1898

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Article Text

A FORT ANN BANKING-ROUSE CLOSED. Whitehall, N. Y., Aug. 3.-The banking-house of John Hall & Co., at Fort Ann., controlled and chiefly owned by J. Melvin Adams, closed its doors yesterday. The cause of the failure is said to be injudicious loans. Mr. Adams has been manager and cashier for several years. He has been III for some time and confined to the house with nervous prostration. Orson Sheldon, of Fort Ann, has been appointed receiver, and the books are being examined. The capital is said not to exceed $5,000, and the liabilities are nearly $30.000.

Episode Information

Metadata

Response Measures

Events (2)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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