1673. Capital Savings Bank (Washington, DC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
January 1, 1904*
Location
Washington, District of Columbia (38.895, -77.036)

Metadata

Model
gpt-5-mini
Short Digest
5d6ea6e8e32f70a2

Response Measures

None

Description

Newspapers from 1905 refer to receivers of the Capital Savings Bank of Washington, D. C. bringing suits, indicating the bank had failed and a receiver was appointed by 1905. A 1935 piece states the bank began in 1888 and after running for 16 years it failed, consistent with a failure around 1904 and subsequent receivership. No article describes a depositor run; coverage focuses on receivership and litigation. Charter type not stated in the articles, so bank_type is set to unknown.

Events (3)
1. January 1, 1904* Suspension
Cause Details
1935 account states the bank failed after 16 years; no specific cause (bad loans, fraud, or panic) is given in the provided articles.
Newspaper Excerpt
The Capital Savings Bank ... Began business October 17, 1888. After running for 16 years it failed.
Source
newspapers
2. June 9, 1905 Receivership
Newspaper Excerpt
has been sued in the federal court in Omaha by the receivers of the Capital Savings Bank of Washington, D. C., for $1,734, the sum alleged to have been obtained from the bank by Lynch and for which he gave notes.
Source
newspapers
3. July 11, 1905 Other
Newspaper Excerpt
filed a motion in the district court that the receivers of the Capital Savings bank of Washington, D. C., be compelled to file security for costs in the suit they have brought against him in Douglas county to recover certain sums of money.
Source
newspapers

Newspaper Articles (3)
1. June 9, 1905 Evening Star Washington, DC
Article from Evening Star, June 9, 1905

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Article Text

GOVERNMENT SECURITIES. Bid. Asked. 104 2 per cents, registered, 1930 1041/2 105 2 per cents, coupons, 1930 104½ 3 per cents, registered. 1908-18 1044 103% 104 3 per cents, coupons, 1908-18 104% 3 per cents, coupons, small. 1908-18. 103½ 104 4 per cents, registered. 1907 1041/2 105 4 per cents, coupons, 1907 105% 132 4 per cents. registered. 1923 1321/ 132 4 per cents, coupons, 1925 132% District of Columbia 3.65s, 1924 118½ 108 4 per cests, Philippine. 1914-34 JOHN R. LYNCH SUED. Haled Into Omaha Court by a Washington Bank. Special Dispatch to The Star. OMAHA, Neb., June 9.-Capt. John R. Lynch, U. S. A., ex-representative in Congress from Mississippi and temporary chairman of the republican national convention which nominated McKinley, has been sued in the federal court in Omaha by the receivers of the Capital Savings Bank of Washington, D. C., for $1,734, the sum alleged to have been obtained from the bank by Lynch and for which he gave notes. Lynch is a paymaster of the United States army at the headquarters in Omaha.

2. July 11, 1905 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, July 11, 1905

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Article Text

filed a motion in the district court that the receivers of the Capital Savings bank of Washington, D. C., be compelled to file security for costs in the suit they have brought against him in Douglas county to recover certain sums of money. Mr. Lynch was at one time president of the Washington bank and is alleged to have borrowed a considerable amount of money which is still due.

3. December 7, 1935 The Omaha Guide Omaha, NE
Article from The Omaha Guide, December 7, 1935

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Article Text

BRAIN TEASERS "DO YOU KNOW YOUR RACE HISTORY?" QUESTIONS 1. Where is Sierra Leone? 2. What is the location of Ethiopia? 3. What is the definition of a Colored person? 4. Who is said to have the largest life insurance policy on record? 5. Where was the first Negro bank organized? When? 6. What Negro inventor perfected Therapeutic electric lamps for the aid of medical science? 7. Who was Joe Gans? 8. Who was the first Negro student to be awarded Magna Gum Laude from New York university? 9. What Negro woman was the first to receive the appointment as assistant principal in the public schools of New York City? 10. Where was the first normal school for Negroes established? When? ANSWERS 1. A British colony in West Africa. 2. Northeast Africa. From about 10 to 24 degrees latitude. Described as modern Abyssinia. 3. In Michigan, Nebraska, and Oregon. One is not legally a person of color who has less than onefourth Negro blood. 4. Watt Terry, real estate broker of New York City. Amount, $545,000.00. 5. The Capital Savings Bank of Washington, D. C. Began business October 17, 1888. After running for 16 years it failed. 6. Paul E. Johnson of Chicago who operates his own factory, has been quite successful with his inventions. 7. Lightweight champion of the ring from 1902 to 1908. 8. Asa T. Spaulding in 1930. 9. Mrs. Elsie McDougal-Ayer at public school No. 89 in 1928. 10. New York City in 1853. John Peterson was the first principal.-NNF