Brotherhood Railway Clerks National Bank

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: national
Start Date: November 1, 1933*
Location: Cincinnati, Ohio (39.103, -84.515)

Metadata

Model: gpt-5-mini
Short Digest: 6398feea

Response Measures

Full suspension

Other: Receivers filed final report in district court; suit alleges repudiated stock collateral precipitated run and closure.

Description

Article is a court report (Feb 24, 1934) about a suit filed Nov 25 alleging that repudiation of certificates held as collateral and acts via a brokerage precipitated a 'run' on the Brotherhood Railway Clerks National Bank that resulted in its closure. The text is OCR-corrupted; I inferred that the suit was filed Nov 25 (likely 1933) and that the run caused the bank to close permanently. No reopening is mentioned.

Events (2)

1. November 1, 1933* Run

Cause: Bank Specific Adverse Info
Cause Details: Repudiation of certificates of stock held by the bank as collateral and actions through a brokerage alleged to have precipitated withdrawals (a run).
Newspaper Excerpt: precipitated the run Bank resulting in the clos
Source: newspapers

2. * Other

Newspaper Excerpt: suit ... alleged ... precipitated the run Bank resulting in the clos of the alleged that acts ... resulting in the clos[ure].
Source: newspapers

Newspaper Articles (1)

1. February 24, 1934 The Cincinnati Enquirer Cincinnati, OH

Article from The Cincinnati Enquirer, February 24, 1934

Click image to open full size in new tab

Article Text

Bank's Suit Removed: Asks Transcript of the record in the the suit the Brotherhood Railway Clerks National Bank, Court and Vine Henry doing as Henry L. Doherty 60 Wall Street, York for recovery of compensatory damages in the of damages filed in United District Court yesterday from Hamilton County Court Common Pleas. It was removed on the petition of the defendant. This suit, filed in the state Court November 25, alleged that the defendant's repudiating certificates stock held by the bank collateral security for Amor Shafer former manager the defendant's office and which attempted through brokerage precipitated the "run" Bank resulting in the closof the alleged that acts of the fendant the its will of its For this the plaintiff is entitled to the judgment. Receivers File Report. Final report filed yesterday United States District Court the Fifth Third Union Trust Company and Davis Cincinnati, the the suit the against the John The report that after paying per cent to general and after made the John Van Range Company Ohio, pur chaser the John Van Range on from which is payable priority totaling $2,403.50 general The general claims, the receivers to the 25 per dividend on other that they to make such They by reason services the ceivers their are titled additional fees be fixed by Court, be costs, from the funds The remainder of the balance hand, report, should distributed general creditors. Authority to final dividend pay sought. Barber Arrested As Fugitive. Under charges stole quantity razors and other barbershop from Adam Harris, Washington, January 1934, violation of the Federal laws the District of lumbia, Troy Comer. alias Smith, 29 years 2352 Boone arraigned before William United States The arrested police under charge abusing his family and brought he was under at He over Federal officers his hearing Municipal Court, for return to the District of trial under the charge there. In Comer admitted identity, but denied against him. He waived was held for removal to Washington. Bankruptcy Case Appealed. Appeal from the order Dis trict Judge Taylor Knoxville, Tenn., order the Referee Bankruptcy disallowing priority claim the Cumberland River Sand Company against the bankrupt estate of the John Hubbard Construction Company, contracting cern, Knoxville, was filed in United States Circuit Court Appeals yesterday by Clyde H. Trustee the HubCompany. The claim the company is for $12,190.92 and allowed priority the of $12,028.92 against fund of the payment by the Highway sion State Tennessee balance under contract with the bankrupt company for construction known Cumberland County Highway and as Federal Aid Project Greeting Card Dealer Reports. Schedules in bankruptcy listing liabilities totaling $1,525, exclusive of $8,000 life were filed United insurance, States Court by Bernard Clark, individually doing business Clark's, 445 Street, greeting card dealer. The assets, excluthe of in trade, $575: $400, and $300; goods, fixtures, etc., $200. Referee Closes Case. Mark Crawford, referee in bankruptcy, Portsmouth, Ohio, tered final record in United closing John Payne, bankrupt Ohio. Liabilities were $1,141. There were no assets.