1811. Traders National Bank (Washington, DC)

View Charter #4244 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4244
Charter Number
4244
Start Date
December 31, 1906
Location
Washington, District of Columbia (38.895, -77.036)

Metadata

Model
gpt-5-mini
Short Digest
080a236f8270fcc9

Response Measures

None

Description

Court records (Evening Star, Dec 31, 1906; Washington Herald, Jan 1, 1907) state 'receivers ordered to make distribution of funds' for Traders National Bank, indicating it was placed in receivership and liquidated. A 1921 article explicitly notes the Traders' bank 'has gone by the board through liquidation.' No contemporaneous article in the set describes a depositor run. Therefore this is a suspension/closure with receiver and permanent failure.

Events (4)
1. February 27, 1890 Chartered
Source
historical_nic
2. December 31, 1906 Receivership
Newspaper Excerpt
Traders' National Bank agt. Murphy; receivers ordered to make distribution of funds; complainant's solicitors, Gordon & Gordon.
Source
newspapers
3. April 21, 1908 Voluntary Liquidation
Source
historical_nic
4. July 24, 1921 Other
Newspaper Excerpt
Of the national banks then in existence only the National City and the Traders' banks have gone by the board through liquidation.
Source
newspapers

Newspaper Articles (4)
1. December 31, 1906 Evening Star Washington, DC
Article from Evening Star, December 31, 1906

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Article Text

Inquiry About Ended. Secretary Taft has received a telegram from Assistant Attorney General Purdy, who, with Major Blocksom, is at Brownsville, collecting evidence against the members of the 25th Infantry for use in the prospective Senate debate on the question, saying that he has examined a large number of witnesses and expects to conclude the examination today or tomorrow. Senators Culberson of Texas and Daniel of Virginia evidently intend to take part in the Brownsville debate in the Senate. They were both at the War Department this forenoon and each had a conference with Judge Advocate General Davis in regard to the military laws and regulations bearing on the question of discharges without honor. THE COURT RECORD. District Supreme Court. EQUITY COURT NO. 1-Justice Barnard. Pierce agt. Pierce; re-referred to examiner: complainant's solicitor, W. E. Ambrose; defendant's solicitor, J. A. Toomey. Doran agt. Doran; sale ratified nisi; complainant's solicitor, J. E. McNally. Traders' National Bank agt. Murphy; receivers ordered to make distribution of funds; complainant's solicitors, Gordon & Gordon. Crimmins agt. Doyle; leave to file amended bill granted; complainant's solicitors, W. E. Ambrose, C. H. Merillat, E. L. Schmidt, Lester & Price; defendant's solicitor, B. T. Doyle. Prairie agt. Prairie; divorce a vin mat granted and custody of child awarded to complainant (by Chief Justice Clabaugh); complainant's solicitor, Campbell Carrington; defendant's solicitor, Geo. C. Gertman. CIRCUIT COURT NO. 2-Justice Anderson. Brainert agt. Albright; judgment on verdict for defendent at plaintiff's cost; plaintiff's attorneys, Gordon & Gordon and P. A. Bowen, jr.; defendenat's attorneys, Worthington, Heald & Frailey. BANKRUPTCY COURT-Chief Justice Clabaugh. In re George P. Newton; hearing on discharge fixed for January 15. PROBATE COURT-Justice Gould. Estate of Frederick Stutz; will dated April 9, 1903, filed; attorney, E. H. Jackson. Estate of John F. Sullivan; petition for letters of administration filed; attorneys, Hufty & Hufty. In re Etta C. Preinkert; petition to appoint guardian filed; attorney, W. W. Bride. Estate of Charles R. Vernon; will dated October 24, 1906, filed. Estate of James Storey; order extending time to settle bill of exceptions. Estate of William H. Yerkes; will dated December 4, 1006, filed, with petition for probate; attorney, J. J. Darlington.

2. January 1, 1907 The Washington Herald Washington, DC
Article from The Washington Herald, January 1, 1907

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Article Text

DAILY COURT RECORD. DISTRICT COURTS. Equity Court No. 1. JUSTICE BARNARD. Pierce vs. Pierce; re-referred to examiner. Complainant's solicitor, W. E. Ambrose: defendant's SOlicitor, J. A. Toomey. Doran VS, Doran; sale ratified nisi. Complainant's solicitor, J. E. McNally. Traders National Bank V8. Murphy; receivers ordered to make distribution of funds. Complainant's solicitors, Gordon & Gordon. Crimmins vs. Doyle; leave to file amended bill granted. Complainant's solicitors, W. E. Ambrose, C. H. Merillat, E. L. Schmidt, Lester & Price; defendant's solicitor, B. T. Doyle. Prairie vs. Prairie; divorce a vin. mat. granted and custody of child awarded to complainant (by Chief Justice Clabaugh). Complainant's solicitors, Campbell Carrington and S. D. Truitt; defendant's solicitor, George C. Gertman. James V8. James; rule as to alimony returnable January 4, 1907. Complainant's solicitor, LA M. King. Assignment for Wednesday, January 2, 1907: There will be a preliminary call of the odd numbered cases on the January calendar Wednesday, January 2, 1907, at 10 o'clock. Cases in which counsel fail to respond will be continued for the term. Equity Court No. 2. JUSTICE GOULD. There will be a preliminary call of the even numbered cases on the January calendar Wednesday, January 2, 1907, at 11 o'clock. Cases in which counsel fail to respond will be continued for the term.

3. January 1, 1907 The Washington Herald Washington, DC
Article from The Washington Herald, January 1, 1907

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Article Text

DAILY COURT RECORD. DISTRICT COURTS. ### Equity Court No. 1. JUSTICE BARNARD. Pierce vs. Pierce; re-referred to examiner. Complainant's solicitor, W. E. Ambrose; defendant's solicitor, J. A. Toomey. Doran vs. Doran; sale ratified nisi. Complainant's solicitor, J. E. McNally. Traders National Bank vs. Murphy; receivers ordered to make distribution of funds. Complainant's solicitors, Gordon & Gordon. Crimmins vs. Doyle; leave to file amended bill granted. Complainant's solicitors, W. E. Ambrose, C. H. Merillat, E. L. Schmidt, Lester & Price; defendant's solicitor, B. T. Doyle. Prairie vs. Prairie; divorce a vin. mat. granted and custody of child awarded to complainant (by Chief Justice Clabaugh). Complainant's solicitors, Campbell Carrington and S. D. Truitt; defendant's solicitor, George C. Gertman. James vs. James; rule as to alimony returnable January 4, 1907. Complainant's solicitor, L. M. King. Assignment for Wednesday, January 2, 1907: There will be a preliminary call of the odd numbered cases on the January calendar Wednesday, January 2, 1907, at 10 o'clock. Cases in which counsel fail to respond will be continued for the term.

4. July 24, 1921 Evening Star Washington, DC
Article from Evening Star, July 24, 1921

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Article Text

BY I. A. FLEMING. In August, 1907, the date being selected at the height of the panic of that eventful year, a rich man's panic, and for special reasons, there were doing business in Washington, ten national banks, ten savings institutions and five trust companies. National banks showed deposits of $32,266,109; savings institutions, $4,737.643, and the trust companies, $20,715,162, a total of $57,718,914. It is a far cry back to 1907 measured by the changes in the banking business in Washington, but the improvement of the last fourteen years is an evidence that the banking business has been the leader in material prosperity, rather than the follower; that it has been sanely and safely conducted is further evidenced by the fact that in the period covered depositors have not lost a dollar. There have been some banking failures, but they have been of the kind that have resulted in loss to shareholders, with the money of the depositors safe. Of the national banks then in existence only the National City and the Traders' banks have gone by the board through liquidation. Of the savings banks, the citizens' was absorbed by the District National, but another Citizens' has taken its place; the Fourteenth Street Savings and Washingtotn Exchange passed to other ownership and quit; Eldredge Jordon acquired the Merchants and Mechanics' and its several branches. and they passed on with the United States Trust Company. The United States Trust Company started in the panic year, and after a very large growth in deposits largely purchased with the Merchants and Mechanics,' the International Banking Corporation and the Fourteenth Street Savings, was taken in part by the Munsey Trust Company, the divers branches going with the parent concern. In the savings banks one misses the most promising of all the lot in 1017. the Home Savings. But it is well placed. incorporated in the American Security and Trust Company, at $400 a share for its stock, when it had over $10,000,000 deposits. The banks that were in business in 1907 and are in business in 1921 have prospered. There may be some interest in the then and now comparison of deposits, the thing that counts in money making for banks. A Comparative Table. The following table tells a story of struggle and effort during the fourteen years and the measure of reward obtained.