17756. Dorr Street Savings Bank (Toledo, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
April 16, 1908
Location
Toledo, Ohio (41.664, -83.555)

Metadata

Model
gpt-5-mini
Short Digest
7ff8314d

Response Measures

None

Description

Articles (both dated Apr 16, 1908) report the Dorr Street Savings Bank 'closed its doors' with $125,000 deposits; assets will pay depositors in full. Closure is reported as a suspension/closing due to financial depression and withdrawals by laborers; no reopening is mentioned, so classified as suspension leading to closure.

Events (1)

1. April 16, 1908 Suspension
Cause
Local Shock
Cause Details
Financial depression prompted laborers and depositors to withdraw funds for immediate use, forcing the bank to close its doors.
Newspaper Excerpt
The Dorr Street Savings Bank ... closed its doors. The trouble is said to be due to financial depression ... the bank was capitalized at $25,000 and had $125,000 deposits. Assets will pay depositors in full.
Source
newspapers

Newspaper Articles (2)

Article from The Daily Telegram, April 16, 1908

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Article Text

SAVINGS BANK SUSPENDS Toledo Institution, With $125,000 in Deposits Closes Its Doors. TOLEDO, 0., Apr. 16-The Dorr Street Savings Bank, patronized by workmen and small tradesmen, has closed its doors. The bank was capitalized at $25,000 and thad $125,000 in deposits. The assets will pay the depositors in full. The trouble is said to be due to financial depression,


Article from Evening Star, April 16, 1908

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Article Text

TELEGRAPHIC BRIEFS. ST. PETERSBURG. April 16-A sensational prison-breaking is reported from Penza, which resulted in ten deaths. Eleven political prisoners attacked and stabbed two wardens to death. They then threw a number of bombs and escaped from the prison in the confusion. Guards hastily gave pursuit and shot eight of the men dead. KANSAS CITY, April 16.-Notwithstanding the fact that Judge Porterfield in his instructions said plainly that the Sunday closing law had been violated. the jury in the first theatrical case to be tried here stood ten for acquittal and two for conviction. After remaining out ten hours they reported inability to agree and were discharged late last night. PITTSBURG. Pa., April 16.-John Maxwell and Charles Utterbach. both of Dennison. Ohio, trainmen on the Panhandle railroad. were crushed to death today when two freight trains sideswiped at Collier, thirty-five miles west of here. ST. PETERSBURG. April 16.-Alexander Stolypin. the well-known publicist and brother of the Russian premier. has been sentenced to one week's imprisonment and to pay a fine of $50 for libeling Paul Bulatzel. the noted reactionary leader. The libel was contained in an article published in the Novoe Vremya. replying to attacks made upon the premier in the reactionary organ, Znamya. MINNEAPOLIS. April 16.-A jury found a verdict of guilty in the case of the United States against Herbert F. Robinson, J. L. Layne and F. E. Holiday tried before Judge Morris in the federal district court late yesterday on an indictment charging that the defendants had sent letters through the mail falsely claiming inside and exclusive information on the grain markets. It is believed that the defendants realized about $100,000 from their operations. DETROIT. Mich., April 16.-Gus Long, boarder at the home of Mrs. Bessie a Gilbert, 143 1st street, was found dead today in Mrs. Gilbert's room, lying across her body as she lay dying on the floor. Both had bullet wounds in the head. Long who is said by other persons living in the house to have been jealous of Mrs. Gilbert, is supposed to have shot the woman and then committed suicide. CALGARY. Alberta, April 16.-One of the worst snowslides in the history of the Canadian Pacific railroad occurred this week near Alberta canyon, in the Cascade mountains, sweeping awoy two boarding cars filled with Japanese laborers. and carrying them down the mountain side. It is believed that at least forty Japanese were in the car. Only five bodies have been recovered. CHICAGO, April 16.-The storm which prevailed on Lake Michigan yesterday and which vessel men declare. was the fiercest in many years. continued today with but slightly abated violence. The wind is decreasing. however. and the waves will probably suoside during the day. None of the boats which run all winter between this city and the Michigan ports ventured out today. LIVERPOOL. April 16.-It is announced today that the White Star Steamship Company is about to have constructed two liners 1,000 feet long for its Southampton-New York service. They are to be launched within six months of each other. They will be fitted with combination turbine and reciprocating engines. PITTSBURG. April 16.-William Reiss, who shot and killed his wife at Economy, near here. April 8, and then shot himself, died today in a hospital. SARATOGA, N. Y., April 16.-The Troy conference of the M. E. Church today placed itself on record as opposing the general conference proposition for racial bishops. The vote was: Yea, 29; nay, 156. NEW YORK. April 16.-The failure of Crutchfield & Co., members of the cotton exchange, was announced on the floor of the exchange today. It is said that the company liquidated its contracts early in the week and the failure is not regarded as important. WINNIPEG. Manitoba, April 16.-Three men were killed and four others seriously burned in an explosion in the old mine Cannore, Alberta, yesterday. LOUISBURG. C. B., April 16.-The Jennie Myrtle, one of three schooners which left here a week ago, and which it was feared had been caught in the ice, arrived back here today with her headgear carried away. Another of the vessels, the Lewis, reached Halifax last night, leaving only the Violet West missing. TOLEDO. Ohio, April 16.-The Dorr Street Savings Bank, an institution situated in the factory district and patronized principally by workers and small tradesmen. closed its doors today. The trouble is due to financial depression, which caused laborers to withdraw deposits for immediate use. The bank was capitalized at $25,000 and had $125,000 deposits. Assets will pay depositors in full. DIED.