17259. Metropolitan Bank & Trust Company (Cincinnati, OH)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: trust company
Start Date: September 18, 1911
Location: Cincinnati, Ohio (39.103, -84.515)

Metadata

Model: gpt-5-mini
Short Digest: df98c8d9

Response Measures

Full suspension, Books examined

Other: Bank closed by order of state banking department; examiners placed in charge (Romer and Baxter). President later indicted for receiving deposits when bank insolvent.

Description

Newspapers from Sept 18–19, 1911 report the Metropolitan Bank & Trust Co. of Cincinnati was forced to close by state banking examiners after heavy withdrawals and unsafe lending practices. Examiners were placed in charge and the state banking department ordered the closing — a suspension by government action that resulted in permanent closure/receivership. Cause of withdrawals tied to bank-specific bad loans and inability to meet withdrawals.

Events (3)

1. September 18, 1911 Receivership

Newspaper Excerpt: Examiners Romer and Baxter are in charge. The officers say the depositors will not lose a dollar. The reason assigned for closing is that the officers were given too much latitude in making loans on collateral not approved by the state board.
Source: newspapers

2. September 18, 1911 Suspension

Cause: Government Action
Cause Details: State banking department ordered the bank closed and examiners put in charge following unsafe lending and loss of depositor confidence.
Newspaper Excerpt: The Metropolitan Bank and Trust Company closed its doors today, by the order of the state banking department. Examiners Romer and Baxter are in charge.
Source: newspapers

3. September 19, 1911 Run

Cause: Bank Specific Adverse Info
Cause Details: Large withdrawals that the bank could not withstand, linked in reports to imprudent lending and collateral not approved by the state board.
Measures: Bank closed by state banking department; examiners placed in charge; legal action (grand jury investigation) followed.
Newspaper Excerpt: was forced to close its doors this morning, being unable to withstand the withdrawal of a large amount of deposited funds.
Source: newspapers

Newspaper Articles (8)

1. September 19, 1911 Bisbee Daily Review Bisbee, AZ

Article from Bisbee Daily Review, September 19, 1911

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OHIO BANK FAILS The Officers Were too Free in Making Loans CINCINNATI, Sept. 18.-The Metropolitan Bank and Trust Company closed its doors today, by the order of the state banking department. Examiners Romer and Baxter are in charge. The bank was organized six years ago, with a capital of $110,000. the deposits are a half million, of which $125,000 is city and county funds. The officers say the depositors will not lose a dollar. The reason assigned for closing is that the officers were given too much latitude in making loans on collateral not approved by the state board.

2. September 20, 1911 The Daily Alaskan Skagway, AK

Article from The Daily Alaskan, September 20, 1911

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SMALL BANK GOES UNDER (By Alaska News Bureau.) CINCINNATI Sept. 19-The Metropolitan Bank and Trust Company, one of the smaller banking Institutions of this city was forced to close its doors this mrning, being unable to withstand the withdrawal of a large amount of deposited funds.

3. September 27, 1911 Willmar Tribune Willmar, MN

Article from Willmar Tribune, September 27, 1911

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Domestic The New York senate unanimously adopted a resolution requesting New York's representatives in congress to use their best endeavors to secure the adoption of a resolution to submit to the legislatures of the several states an amendment to the federal Constitution delegating to congress power to establish uniform divorce laws. The Tradesmen's Trust company of Philadelphia, with a capital of $500,000, and deposits, when the last report was made, of $1,328,000, has closed Its doors. Melville Braderick was shot and killed; his brother Robert was wounded and his cousin, Charles Braderick, is in a serious condition from being tied to a tree and left in the woods near Crescent City, III., at the time of the killing. The BraderIcks, who are farmers, were the victims of three men, believed to be fugitives from justice, who stole two chickens from their farm. The Metropolitan Bank and Trust company of Cincinnati closed its doors on order of the state banking department. The bank, which was organized six years ago, has capital stock amounting to $110,000. A new crusade to evangelize the American continent, financed by men whose combined wealth runs into ten figures, was launched in New York. J. P. Morgan is the head of the financial department. The Tradesmen's Trust company of Philadelphia, with a capital of $500,000 and deposits when the last report was made of $1,328,000, closed its doors. It is said to be solvent. An international municipal congress and exposition and an international good roads congress opened in Chicago. Nine persons were killed and fourteen injured, some of them probably fatally, in an automobile accident at the state fair at Syracuse, N. Y. A Knox car, driven by Lee Oldfield in the 50-mile race, left the track and crashed through the fence on the turn after leaving the stretch in front of the stand. It plowed for some distance into the crowd. The blowing out of a tire was responsible for the accident. At the age of twenty-seven years, the mother of twelve children, Mrs. Alfred Paquette was taken in charge by the county commissioners at Nashua, N. H. When the twelfth baby was born the husband and father is alleged to have disappeared, leaving no provision for his family. Every union coal miner in Iowa may be called out on strike within the next few weeks as a result of the differences in dispute at the Excelsior mine at Pekin. Clawed and bitten by a huge lion in a side show at the state fair at Syracuse, N. Y., Laura Burns, seven years old, of Morrisville, is hovering between life and death at a hospital. Beer in square paper boxes, like those used for oysters, ice cream and sauerkraut, is the latest market innovation for the benefit of fastidious New Yorkers. The box holds a pint and will retain its shape and remain beer-tight several hours. Criticism of the religion advocated by Charles W. Eliot, president emeritus of Harvard, was made at Berkeley, Cal., in a lecture by Prof. Benjamin Wisner Bacon of the chair of new testament criticism and exegesis at Yale. Terror stricken by the discharge of a shotgun in the hands of a Windham (Me.) farmer in whose orchard he was trespassing, Angelo Delmonico, aged nineteen, is believed to have met death by bolting blindly into a river that runs through the farm. Martin Costello of Tombstone, Ariz., prominent for more than a quarter of a century in the development of mines in the southwest and reputed to be a multi-millionaire, committed suicide at Los Angeles, Cal., in a cheap lodging house.

4. September 28, 1911 The Enterprise Malta, Harlem, MT

Article from The Enterprise, September 28, 1911

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Domestic The bodies of six persons were discovered in two neighboring houses in Colorado Springs, Colo. All had been murdered with an ax. The victims were slain in their own homes. Three were found in each house. The victims were Mrs. Alice May Burnham and her two small children and Henry F. Wayne, his wife and their one-yearold girl. The slayer has not been discovered. The International Harvester company will be allowed by the government to change its corporate form so as to comply with the Sherman antitrust law as recently interpreted by the Supreme court of the United States. A threatened dissolution suit is being delayed pending conferences by Attorney General Wickersham and counsel for the company on this readjustment. Chief of Police Charles E. Unsted, Policeman Stanley Howe, Richard Tucker, an insurance agent, and Wallace Markward, all residents of Coatesville, Pa., were arrested as the result of indictments returned by a grand jury that investigated the burning to death of Zack Walker, a negro murderer, on August 13. Upon the order of F. E. Baxter, superintendent of banks, Chief Examiner Charles B. Dodge, whose offices are in Cleveland, closed the Orangeville Savings bank, at Orangeville, Ohio. An appeal for immediate contributions to a fund for the relief of famine sufferers in China was sent broadcast in New York by the Red Cross. The New York senate unanimously adopted a resolution requesting New York's representatives in congress to use their best endeavors to secure the adoption of a resolution to submit to the legislatures of the several states an amendment to the federal Constitution delegating to congress power to establish uniform divorce laws. The Tradesmen's Trust company of Philadelphia, with a capital of $500,000, and deposits, when the last report was made, of $1,328,000, has closed Its doors. Melyille Braderick was shot and killed; his brother Robert was wounded and his cousin, Charles Braderick, is in a serious condition from being tied to a tree and left in the woods near Crescent City, III., at the time of the killing. The Bradericks, who are farmers, were the victims of three men, believed to be fugitives from justice, who stole two chickens from their farm. The Metropolitan Bank and Trust company of Cincinnati closed its doors on order of the state banking department. The bank, which was organized six years ago, has capital stock amounting to $110,000. A new crusade to evangelize the American continent, financed by men whose combined wealth runs into ten figures, was launched in New York. J. P. Morgan is the head of the financial department. An international municipal congress and exposition and an international good roads congress opened in Chicago. Harry Ahrens of Gilman, Ill., and Miss Kate Jerkins, whose home was six miles southeast of Del Rey, III., were killed when the buggy in which they were riding was struck by an Illinois Central passenger train near Paxton. Jacob Oppenheimer, under sentence for murder, killed Francisco Quijada, also condemned to die, with a piece of iron bar, in the corridor of the prison at Folsom, Cal. The killing was the result of ill feeling be-

5. September 30, 1911 The L'anse Sentinel L'anse, MI

Article from The L'anse Sentinel, September 30, 1911

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Domestic The bodies of six persons were discovered in two neighboring houses in Colorado Springs, Colo. All had been murdered with an ax. The victims were slain in their own homes. Three were found in each house. The victims were Mrs. Alice May Burnham and her two small children and Henry F. Wayne, his wife and their one-yearold girl. The slayer has not been discovered. The International Harvester company will be allowed by the government to change its corporate form so as to comply with the Sherman antitrust law as recently interpreted by the Supreme court of the United States. A threatened dissolution suit is being delayed pending conferences by Attorney General Wickersham and counsel for the company on this readjustment. Chief of Police Charles E. Unsted, Policeman Stanley Howe, Richard Tucker, an insurance agent, and Wallace Markward, all residents of Coatesville, Pa., were arrested as the result of indictments returned by a grand jury that investigated the burning to death of Zack Walker, a negro murderer, on August 13. Upon the order of F. E. Baxter, superintendent of banks, Chief Examiner Charles B. Dodge, whose offices are in Cleveland, closed the Orangeville Savings bank, at Orangeville, Ohio. An appeal for immediate contributions to a fund for the relief of famine sufferers in China was sent broadcast in New York by the Red Cross. The New York senate unanimously adopted a resolution requesting New York's representatives in congress to use their best endeavors to secure the adoption of a resolution to submit to the legislatures of the several states an amendment to the federal Constitution delegating to congress power to establish uniform divorce laws. The Tradesmen's Trust company of Philadelphia, with a capital of $500,000, and deposits, when the last report was made, of $1,328,000, has closed its doors. Melville Braderick was shot and killed: his brother Robert was wounded and his cousin, Charles Braderick, is in a serious condition from being tied to a tree and left in the woods near Crescent City, III., at the time of the killing. The Bradericks, who are farmers, were the victims of three men, believed to be fugitives from justice, who stole two chickens from their farm. The Metropolitan Bank and Trust company of Cincinnati closed its doors on order of the state banking department. The bank, which was organized six years ago, has capital stock amounting to $110,000. A new crusade to evangelize the American continent, financed by men whose combined wealth runs into ten figures, was launched in New York. J. P. Morgan is the head of the financial department. An international municipal congress and exposition and an international good roads congress opened in Chicago. Harry Ahrens of Gilman, III., and Miss Kate Jerkins, whose home was six miles southeast of Del Rey, III., were killed when the buggy in which they were riding was struck by an IIIInois Central passenger train near Paxton. Jacob Oppenheimer, under sentence for murder, killed Francisco Quijada, also condemned to die, with a piece of iron bar, in the corridor of the prison at Folsom, Cal. The killing was the result of ill feeling betwen the two men.

6. October 26, 1911 The Greenville Journal Greenville, OH

Article from The Greenville Journal, October 26, 1911

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Ohio Happenings Upper Sandusky. A two-story building, owned by L. H. Pauley of Kirby, was destroyed by fire. It was occupied by a blacksmith and workshop and contained considerable machinery. The loss was more than $1000, with partial insurance. Oxford.-Lucille Osborne, aged 16, daughter of Mrs. Maggie Osborne, a widow, shot herself in the right breast. She is a high school student and it is believed a youthful love affair is responsible for her act. Her condition is critical, Marysville. Mrs. Joseph Miller placed strychnine on pieces of bread under the cupboard to kill mice and her little daughter, Virginia, aged 2, ate a portion of the bread. There is little hope for the child's recovery. Findlay. More than half of the pupils of the Detweller school in this city have been quarantined because of an epidemic of scarlet fever, and the schools have been closed. The Orphans' Home, where two cases are confined, is under quarantine. Findlay.-Word came here of the death at Las Vegas, N. M., of Merle Myers, a young man of this city, who went south for his health a few weeks ago. Ottawa. The foundation for the Ottawa Sugar factory is to be pushed Nov. 10, and the steel work is to be completed by Jan. 1. Work on the former is progressing rapidly, the steel is being shipped, and the machinery will arrive late in January. Wapakoneta. - George Stringbam, aged 17, while sitting with other boys at the kitchen table in his home in this city, was accidentally shot and seriously wounded by John Harroff, one of the boys. The boys had been tampering with the gun, which they thought was not loaded. Martins Ferry. John Halg, while hunting groundhogs, shot off most of his left hand when his gun was accidentally discharged as he was crossing a fence. Lorain. The heavy apple crop has enabled one cider mill near here tc turn out 2,500 gallons of cider a day. That record is expected to be maintained for two months. Cincinnati. The charge against President T. C. McClure of the suspended Metropolitan Bank and Trust Company of having received deposits contrary to law was formally presented to the grand jury for investigation by Common Pleas Judge Dixon. The court's part in the matter, however, was entirely formal and as required by law, McClure having been bound over to the grand jury by Squire Stratton. It is presumed that the grand jury investigation will be started some time next week. Painesville. - Farmers living in school district number six, Painesville township, have started an opposition school in the residence of D. A. Wagar because the board of education closed their school and tried to compel them to send their scholars into another district. The farmers claim they have been discriminated against. The board of education says the school was closed for lack of attendance and teachers. Cincinnati. - Morris Levine will serve 18 months in the Leavenworth federal prison for his partner, Charles Rosen, so that Rosen can support his wife and two children. Zanesville. When a skiff which they had entered in an attempt to row across the Muskingum river at Cedar Rock sprung a leak and began to sink, Iona Berry and Goldie Agin, aged 16 and 17, became panic-stricken and fainted. Ethel Bell and Nettie Maddox, on the bank, saw their predicament and succeeded in throwing a rope over the end of the sinking boat and dragging it to shore. Barnesville. The death of Harry E. Dement, editor of the Barnesville Republican, occurred in a Wheeling hospital, after an operation for enlargement of the liver. He was 45 years old. Akron. In a collision between two large traction cars on the East Market Street line William Pfeiffer, a motorman, was badly injured. The dense fog prevented Pfeiffer seeing the car in front of him. Marysville. A serious explosion occurred here when the carbide tank at Kimmell & Rausch's garage let loose. All of the window glass and frames were blown out of the rear of the building and glass was also blown out of residences near by. The partition separating the large room from the repair room was blown down. The workmen anticipated the explosion and all were either out of the building or in the front part and escaped death. Steubenville. The trial of Stani and John Wisniski for stabbing Walter and Peter Klowis to death near Adena six months ago developed that the spot of the murder is marked in a unique way. Rev. Father Wiercinski has set up there a white cross inscribed, "Thou shalt not kill," thus keeping, he says, the divine warning before any who wander that way, near the forks of the two roads. Toledo.--Within a few minutes after he had selected the text of the sermon to be preached at his funeral, Rev. J. W. Harwood, pastor of the United Brethren church at Oakwood, passed away. Columbus. Three Italian laborers were killed and ten others seriously injured in a collision between a Pennsylvania work train and a freight at Sperry's curve, west of this city. The work train, with 24 Italian laborers on board, was moving slowly when the freight train, at a speed of probably

7. October 27, 1911 Perrysburg Journal Perrysburg, OH

Article from Perrysburg Journal, October 27, 1911

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# Ohio Happenings Upper Sandusky. A two-story building, owned by L. H. Pauley of Kirby, was destroyed by fire. It was occupied by a blacksmith and workshop and contained considerable machinery. The loss was more than $1000, with partial insurance. Oxford. Lucille Osborne, aged 16, daughter of Mrs. Maggie Osborne, a widow, shot herself in the right breast. She is a high school student and it is believed a youthful love affair is responsible for her act. Her condition is critical. Marysville. Mrs. Joseph Miller placed strychnine on pieces of bread under the cupboard to kill mice and her little daughter, Virginia, aged 2, ate a portion of the bread. There is little hope for the child's recovery. Findlay. More than half of the pupils of the Detweller school in this city have been quarantined because of an epidemic of scarlet fever, and the schools have been closed. The Orphans' Home, where two cases are confined, is under quarantine. Findlay. Word came here of the death at Las Vegas, N. M., of Merle Myers, a young man of this city, who went south for his health a few weeks ago. Ottawa. The foundation for the Ottawa Sugar factory is to be pushed Nov. 10, and the steel work is to be completed by Jan. 1. Work on the former is progressing rapidly, the steel is being shipped, and the machinery will arrive late in January. Wapakoneta. George Stringbam, aged 17, while sitting with other boys at the kitchen table in his home in this city, was accidentally shot and seriously wounded by John Harroff, one of the boys. The boys had been tampering with the gun, which they thought was not loaded. Martins Ferry. John Halg, while hunting groundhogs, shot off most of his left hand when his gun was accidentally discharged as he was crossing a fence. Lorain. The heavy apple crop has enabled one cider mill near here to turn out 2,500 gallons of cider a day. That record is expected to be maintained for two months. Cincinnati. The charge against President T. C. McClure of the suspended Metropolitan Bank and Trust Company of having received deposits contrary to law was formally presented to the grand jury for investigation by Common Pleas Judge Dixon. The court's part in the matter, however, was entirely formal and as required by law, McClure having been bound over to the grand jury by Squire Stratton. It is presumed that the grand jury investigation will be started some time next week. Painesville. Farmers living in school district number six, Painesville township, have started an opposition school in the residence of D. A. Wagar because the board of education closed their school and tried to compel them to send their scholars into another district. The farmers claim they have been discriminated against. The board of education says the school was closed for lack of attendance and teachers. Cincinnati. Morris Levine will serve 18 months in the Leavenworth federal prison for his partner, Charles Rosen, so that Rosen can support his wife and two children. Zanesville. When a skiff which they had entered in an attempt to row across the Muskingum river at Cedar Rock sprung a leak and began to sink, Iona Berry and Goldie Agin, aged 16 and 17, became panic-stricken and fainted. Ethel Bell and Nettie Maddox, on the bank, saw their predicament and succeeded in throwing a rope over the end of the sinking boat and dragging it to shore. Barnesville. The death of Harry E. Dement, editor of the Barnesville Republican, occurred in a Wheeling hospital, after an operation for enlargement of the liver. He was 45 years old. Akron. In a collision between two large traction cars on the East Market Street line William Pfeiffer, a motorman, was badly injured. The dense fog prevented Pfeiffer seeing the car in front of him. Marysville. A serious explosion occurred here when the carbide tank at Kimmell & Rausch's garage let loose. All of the window glass and frames were blown out of the rear of the building and glass was also blown out of residences near by. The partition separating the large room from the repair room was blown down. The workmen anticipated the explosion and all were either out of the building or in the front part and escaped death. Steubenville. The trial of Stani and John Wisniski for stabbing Walter and Peter Klowis to death near Adena six months ago developed that the spot of the murder is marked in a unique way. Rev. Father Wiercinski has set up there a white cross inscribed, "Thou shalt not kill," thus keeping, he says, the divine warning before any who wander that way, near the forks of the two roads.

8. January 17, 1912 Daily Kennebec Journal Augusta, ME

Article from Daily Kennebec Journal, January 17, 1912

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An express messenger was killed, several passengers were hurt and a baggage car was burned after the derailment, Tuesday morning, of Train No. 1, on the Alabama & Vicksburg Railroad, 17 miles west of Meridian, Miss. The world's revolver record for five men teams was raised from 1145 to 1147 by the Portland Revolver Club. Tuesday, in the shoot against the Golden Gate Revolver Club of San Francisco. The record was made, last week, by the Springfield, Mass., Club. Dolucina L. Bingham, aged 97 years, who was the oldest librarian in active service in Massachusetts and probably in the United States, died, Tuesday, at his home in Manchester, Mass. He held the position of librarian of the Manchester public library from its inception up to the time of his death, which was due to old age. H. F. Higgins of New York was elected president of the National Shoe Wholesalers Association at the annual meeting held, Tuesday, in Boston. Other officers elected were: A. L. Touge of Grand Rapids, Lee Brand of Roanoke, Va., A. H. Berry of Portland, Me., and W. R. Fisher of New York, vice presidents. John T. Bertenstein, manager of the wholesale departmént of a Memphis, Tenn., coal company, was shot and instantly killed, Tuesday, by W. T. Avery, formerly a real estate dealer. The shooting occurred at Avery's home. Avery in jail declined to state the cause of the quarrel, but asserted he fired in self-defence. As the first step toward actual taking of Crawford Notch for a public preserve, the Governor and Council of New Hampshire, Tuesday, filed with the secretary of state a survey of the property and, Tuesday night, passed a resolution asking the supreme court to appoint a commission of three members to apportion damages to land and timber owners. Thomas F. McClure, who was president of the Metropolitan Bank and Trust Co. of Cincinnati when it was closed by state bank examiners two months ago, dropped dead, Tuesday, in the federal building at Cincinnati. Following the failure of the bank McClure was indicted by the Hamilton county grand jury on the charge of receiving deposits when he knew the bank to be insolvent. It was announced, Tuesday in Congress at San Juan Del Sur, Nicaragua, that Franklin M. Gunther, United States charge d'affaires, had expressed the wish that the promulgation of the new constitution for Nicaragua should be suspended until the arrival of United States Minister George T. Weit1 ze!, as the latter desires to amend the instrument. The announcement has caused great indignation there. Harold R. Hutchinson, a chauffeur, after a hearing, Tuesday, in the Brookline, Mass., court, was found not guilty of manslaughter in connection with the death, Jan. 18, of Nellie Hagan, who was struck by the automobile operated by the defendant The accident happened at night on Beacon street, in Brookline. Hutchinson is employed by L. K. Liggett, head of a manufacturing drug company.