19204. Tradesmens Trust Company (Philadelphia, PA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
August 27, 1914
Location
Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model
gpt-5-mini
Short Digest
e17dff98

Response Measures

None

Description

Articles indicate Tradesmens Trust Company was in the hands of a receiver (Percy M. Chandler) and auditors settling accounts; payments to depositors (37.5%, 19.5%, then 20%) are being made under receivership. No run is described. This is therefore a suspension leading to permanent closure/receivership. Key dates from notices: Aug 27, 1914 (court/receiver notice) and Sep 28, 1914 (auditors' meeting and payment announcement).

Events (3)

1. August 27, 1914 Receivership
Newspaper Excerpt
Fourth Account of Percy M. Chandler, Receiver of the Tradesmen's Trust Company ... will meet the parties interested ... Sept 28, 1914 ... Percy M. Chandler, Receiver for the Tradesmen's Trust Company, was approved ... referred to auditors.
Source
newspapers
2. August 27, 1914 Suspension
Cause
Government Action
Cause Details
Court-appointed receiver (Percy M. Chandler) and Attorney General involvement indicate closure under legal action/receivership.
Newspaper Excerpt
In the Court of Common Pleas ... vs. Tradesmen's Trust Company - In the Matter of the Fourth Account of Percy M. Chandler, Receiver.
Source
newspapers
3. September 28, 1914 Other
Newspaper Excerpt
The bank has made two payments to depositors. One was 37 per cent. and the other 19. The third and probably the last one will be 20 per cent. The auditors reported that they were about ready to close their work.
Source
newspapers

Newspaper Articles (6)

Article from Harrisburg Telegraph, August 29, 1914

Click image to open full size in new tab

Article Text

Fourth and final accounts of H. Wells Buser, committee appointed to inquire report and handle the estate of Peter M. Hummel, who is mentally unsound and who has since died. Mr. Hummel lived in Steelton. The two other accounts is the sequestrator's papers submitted by George R. Barnett for John S. Ricker, now dead, and the first and final account of Henderson Gilbert, sometime president and later acting as liquidating trustee of the Harrisburg Board of Trade. The report shows the total assets of $11,832.41, liabilities of $6,030.66, leaving a balance of $5,801.75. The Board of Trade has been succeeded by the Harrisburg Chamber of Commerce. Digging Drainage Trenches.-Work on the digging of the drainage trenches at the almshouse quarries preparatory to the installing of the stone crusher was started to-day. Enough stone lies within the bosom of Mother Earth at that point, it is estimated, to last ten years at the full capacity of the crusher. Miss Bressler Resigns.-Miss Nellie G. Bressler, stenographer and clerk for the Board of Public Works for several years, has resigned and will leave the city's service on October 1. May Build the Bridges. - Permission to construct the bridges over the Swatara Creek between Middletown and Royal, was granted the commissioners of Dauphin county yesterday by the State Water Supply Commission. Similar permission to construct a bridge over Conewago creek on the Aberdeen road near Aberdeen was also given the supervisors of Conewago township. To Sell Share of Stock.-At a public sale to be held on the farm of David Etter, now dead, about a mile and a half northeast of Hanoverdale, on Saturday, September 5, a single share of stock in the West Harrisburg market house company will go under the auctioneer's hammer. Receiver Chandler Filed Account.The fourth account of Percy M. Chandler, receiver for the Tradesmen's Trust Company of Philadelphia, was approved by Additional Law Judge McCarrell and referred to Eugene Snyder and Henry S. Borneman, the auditors. Auditor Cassel Absent. - President John W. Cassel, of the Board of County Auditors, was not on duty today and it could not be learned whether or not the head of the board remained away because the County Commissioners yesterday refused to pay him a portion of his salary on account. It is said that a surcharge against the commissioners for exonerations will be alleged by the auditors. Assignee's Sale.-The property 912 North Third street, belonging to the estate of J. A. Kramer, was offered late this afternoon for sale by J. H. Seltzer, the assignee.


Article from Harrisburg Telegraph, September 10, 1914

Click image to open full size in new tab

Article Text

Sheriff's Office, Harrisburg, Pa., August 27, 1914. In the Court of Common Pleas of Dauphin County, Pa. - No. 219 Commonwealth Docket, 1911-Commonwealth of Pennsylvania ex rel. John C. Bell, Attorney General, vs. Tradesmen's Trust Company - In the Matter of the Fourth Account of Percy M. Chandler, Receiver. THE Auditors appointed by the Court to audit, settle and adjust the Fourth Account of Percy M. Chandler, Receiver of the Tradesmen's Trust Company, and to make distribution of the balance in the hands of the Accountant, will meet the parties interested for the purposes of their appointment on Monday, September 28, 1914, at 11 o'clock A. M., at No. 2128 Land Title Building in the city of Philadelphia, when and where all parties interested are required to make and prove their claims or be debarred from coming in upon said fund. EUGENE SNYDER, HENRY S. BORNEMAN, Auditors. September 8, 1914.


Article from Harrisburg Telegraph, September 17, 1914

Click image to open full size in new tab

Article Text

M. B. COWDEN, City Engineer. I In the Court of Common Pleas of Dauphin County, Pa. - No. 219 Commonwealth Docket, 1911-Commonwealth of Pennsylvania ex rel. John C. Bell, Attorney General, vs. Tradesmen's Trust Company - In the Matter of the Fourth Account of Percy M. Chandler, Receiver. THE Auditors appointed by the Court to audit, settle and adjust the Fourth Account of Percy M. Chandler, Receiver of the Tradesmen's Trust Company, and to make distribution of the balance in the hands of the Accountant. will meet the parties interested for the purposes of their appointment on Monday, September 28, 1914, at 11 o'clock A. M., at No. 2128 Land Title Building in the city of Philadelphia, when and where all parties interested are required to make and prove their claims or be debarred from coming in upon said fund. EUGENE SNYDER, HENRY S. BORNEMAN, Auditors. September 8. 1914.


Article from Evening Public Ledger, September 28, 1914

Click image to open full size in new tab

Article Text

# BANK TO MAKE PAYMENT Tradesmen's Trust Company to Pay 20 Per Cent. More. Auditors who are going over the books of the Tradesmen's Trust Company held an informal meeting this morning with Percy M. Chandler, the receiver, and John C. Bell, Attorney General. The auditors are Eugene Snyder and Henry Borneman. They are hopeful that another payment to the depositors can be made within a short time. The bank has made two payments to depositors. One was 37½ per cent. and the other 19½. The third and probably the last one will be 20 per cent. The auditors reported that they were about ready to close their work.


Article from Evening Public Ledger, September 28, 1914

Click image to open full size in new tab

Article Text

BANK TO MAKE PAYMENT Tradesmen's Trust Company to Pay 20 Per Cent. More. Auditors who are going over the books of the Tradesmen's Trust Company held an informal meeting this morning with Percy M. Chandler, the receiver, and John C. Bell, Attorney General. The auditors are Eugene Snyder and Henry Borneman. They are hopeful that another payment to the depositors can be made within a short time. The bank has made two payments to depositors. One was 37½ per cent. and the other 19½. The third and probably the last one will be 20 per cent. The auditors reported that they were about ready to close their work.


Article from Evening Public Ledger, September 28, 1914

Click image to open full size in new tab

Article Text

# BANK TO MAKE PAYMENT Tradesmen's Trust Company to Pay 20 Per Cent. More. Auditors who are going over the books of the Tradesmen's Trust Company held an informal meeting this morning with Percy M. Chandler, the receiver, and John C. Bell, Attorney General. The auditors are Eugene Snyder and Henry Borneman. They are hopeful that another payment to the depositors can be made within a short time. The bank has made two payments to depositors. One was 37½ per cent. and the other 19½. The third and probably the last one will be 20 per cent. The auditors reported that they were about ready to close their work.