Northern Trust Company (Chicago, IL)

Episode Information

Episode UID
2001571277
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
200157 routing
Routing Number
2-0015
Start Date
May 6, 1906
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6896ad5b33950560

Response Measures

None

Description

A receiver was appointed due to large losses related to San Francisco; a separate one-day panic occurred after a shooting but did not cause the receivership in these articles.

Events (2)
1. May 6, 1906 Receivership
Newspaper Excerpt
Northern Trust company of Chicago goes into hands of a receiver because of large losses at San Francisco.
Source
newspapers
2. May 13, 1906 Other
Newspaper Excerpt
The report caused a panic in the bank. Women depositors ... screamed, and one girl fainted.
Source
newspapers

Newspaper Articles (3)
1. May 6, 1906 Los Angeles Herald Los Angeles, CA
Article from Los Angeles Herald, May 6, 1906

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Article Text

PART I 1-Miners urged to return. 2-Ten killed and twenty injured. 3-Veterans may come in 1908. 4-Six thousand ask annexation. 5-6-7-8-Sports. 9-Public advertising. PART 11 2-3-Society. 4-Editorial. 5-City news. 6-Cable news. 8-Dramatic. 9-Markets. 10-Scientist's wonderful predictions. PART III 1-2-3-Real estate news. 4-Southern California news. 5-Shriners find warm welcome. 6-Depicts dessert life on canvas. 7-8-9-Classified advertisements. 10-Venice season will open May 13. PART IV Magazine section. PART V Children's magazine. PART VI Colored comic supplement. EASTERN Northern Trust company of Chicago goes into hands of a receiver because of large losses at San Francisco. Pennsylvania railroad man says Garfield report contains false accusations. FOREIGN Germans kill 400 natives in East Africa. COAST Impending food famine still commands attention of San Francisco relief committee. Communication with interior towns shows that much damage was done by earthquake in Sonoma county. LOCAL Baptists attend convention at Riverside. More than 5000 sign petition for Colegrove, East Hollywood and other suburbs favoring annexation. G. A. R. Commander-in-Chief Tanner in entertained by comrades. Shriners are arriving by every train.

2. May 13, 1906 The Sun New York, NY
Article from The Sun, May 13, 1906

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Article Text

SHOT SCARES BANK'S PATRONS. Young Man Shoots Himself Because Stenographer Refuses to See Him. CHICAGO, May 12.-Because the woman he loved refused to see him, Alvah T. Portlock, son of a prominent citizen of Knoxville, Tenn., committed suicide to-day in the trust department of the Northern Trust Company Bank. Portlook called at the bank and sent a message to Miss Margaret May, a stenographer employed there. The reply was that Miss May would not see him. Portlock drew a revolver from his pooket, placed the muzzle just above his heart and pulled the trigger. The report caused a panic in the bank. Women depositors, who were standing in a long line before the teller's window, screamed, and one girl fainted. The police had much difficulty in dispersing the crowd around the doors. Portlook was taken to the Chicago Emergency Hospital, where he regained consciousness for a moment and said that he had been engaged to Miss May and that her refusal to marry him had made him desperate.

3. August 3, 1906 Watertown Weekly Leader Watertown, WI
Article from Watertown Weekly Leader, August 3, 1906

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Article Text

Nine companies suffered no loss. I CHICAGO, III.. July 30.-Byron Smith resigned yesterday as receiver of the Traders' Fire of Chicago and the court appointed the State Bank of Chicago as his successor. 11. A. Haugan, the president of the bank. will be the active man in the handling of the affairs of the company. When Mr. Smith accepted the receivership early in May it was with the belief that he might be able to assist in a settlement. All hope of that apparently has been abandoned, and Mr. Smith was no longer willing to take SO much of his time from his duties as president of the Northern Trust company as the receivership required.