Finance Company - Philadelphia, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: August 28, 1906
Location: Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model: gpt-5-mini
Short Digest: 0f494999

Response Measures

None

Description

Article (Lewiston Evening Teller, 1906-08-28) reports a finance company of Pennsylvania whose president died and whose affairs led to the appointment of a receiver (H. Earl, Jr., ... has been appointed receiver). No run or depositor panic is described; the bank was effectively closed and placed in receivership. OCR errors in the clipping (e.g., garbled lines) were noted but did not change meaning.

Events (1)

1. August 28, 1906 Receivership

Newspaper Excerpt: H. Earl, Jr., president of a finance company of Pennsylvania, has been appointed receiver.
Source: newspapers

Newspaper Articles (1)

1. August 28, 1906 Lewiston Evening Teller Lewiston, ID

Article from Lewiston Evening Teller, August 28, 1906

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Article Text

BANKFORCEDTOCLOSEAFTER PRESIDENT'S DEATH death was not the result of natural PHILADELPHIA. Aug. 28.-The real causes. Estate Trust company closed its doors President Hipple was treasurer of this afternoon. It was the second in the board of trustees of the Presbystanding of the Philadelphia trust terian general assembly and, it is said, companies. It has a capital and surhad all its funds on deposit in his plus of $29,000,000 and deposits bank. Hipple is said to have lost many K. Frank amounting to $7,500,000. millions in real estate deals. George Hipple was president up to his death H. Earl, Jr., president of a finance last Friday. company of Pennsylvania, has been An investigation by the trustees of appointed receiver. the followed Hinnle's death