Hyde Park Bank (Chicago, IL)

Episode Information

Episode UID
2011071089
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
private
Bank ID
201107 routing
Routing Number
2-0110
Start Date
September 22, 1890
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f810ae5fb0655c2d

Response Measures

None

Description

The Hyde Park Bank was a branch of or owned by the same interests as the Oakland Bank; both failed due to heavy withdrawals and illiquid assets.

Events (2)

1. September 22, 1890 Run
Cause
Local Banks
Cause Details
Heavy withdrawals following the suspension of the affiliated Oakland Bank.
Newspaper Excerpt
The unusually heavy demand of the depositors and the difficulty of getting securities cashed are the reasons given for the failures.
Source
newspapers
2. September 22, 1890 Suspension
Cause
Local Banks
Cause Details
Suspended following the failure of the Oakland Bank, which owned it.
Newspaper Excerpt
The Hyde Park bank followed suit. Neither will resume.
Source
newspapers

Newspaper Articles (3)

Article from Daily Tobacco Leaf-Chronicle, September 23, 1890

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Article Text

NEWS TN BRIEF. A Condensation of Interesting Items on Various Subjects. Dynamiters triod to blow up a saloon at Sauford, Ind. Perry Anderson was gored to death by a ball near Winchester, Ky. A boy was burned to death in a fire near Troy, N. Y., Sunday night. Charles Clark "Stevenson governor of Nevada, died at Carson Sunday. Rev. G. T. Cain tell dead in the pulpit at Albion, N. Y., Sunday of heart disease Mrs. George Vannatta suicided with strychnine at Shelbyville, Ky. Tired of life. The goverenment crop report last week was more faverable than for the preceding week. The trial of Burchell for the murder of Benwell was bรฉgun at Wordstock on Monday. George Cuffy, white married man, eloped with a colored nurse girl at Greensport, N. Y. Several degenerate sons of noble Shelbyville, Ind., sires are in jail for systematic burgling. Joseph Stewart stole a ride on a train to Fort Wayne, Ind., and the iron wheels stole his life away. Investigation by the state board of health reduces that Bergholz, O., cholera story to a state of collapse. Sanford, Ind., temperanceites put down Isadore Mulvaney liquor-joint by sending it to mingle with the stars per dynamite. Muddy water in a steam thresher boiler at Athens, O., reduced the machine to small pieces, and the boy in harge to life less dust. Another grave dug in the Wapakoneta, O., cemetery for the 7-year-old Minnich child, who looked into the barrel of a shotgan. Rev. John Gailry, a Millersburg, O., United Presbyterian preacher, is suspended on charge of associating 100 gaily with the wine can. William Williams was fatally shot at Carrollton, Ky., by George Dean, who had seduced Williams' daughter. There is talk of lynching. The first of the ten-inch breech-leading rifles built by the ordnance department of the army. was tested at Sandy Hook Saturday with satisfactory results. At Carrollton, Ky., Billy Williams, who accused George Dean of seducing his daughter and threatened his life, was shot and fatally wounded by Dean, Saturday. Colored William Davis, is arrested on charge of being the man who willfully abbreviated the mortal career of the marshal of Haughville, Ind., somo months ago. And now it is Tiffin who is fighting the Standard Oil company with wild weeps and cusses for the privilege of lighting her own streets and houses as her municipal majesty sees fit. McAuliffe and Slavin, who were to fight in England Monday night, were both arrested Monday morning by police officers. Each were bound over in the sum of ยฃ2,000 to appear in court Tuesday. John H. Seering. bookkeeper for the Cincinnati stone works, has fled, taking with him bank books and checks and other evidences of his rascalities. He is supposed to be a defaulter for over $1,000. At Springfield, O., 7,000 people attended the funeral of suicide and murderer Charles Drumm and the wife he killed. The woman's coffin was covered with flowers, while the murderer's casket was bare Columbus Hanchias, the counterfeiter in the In ianapolis jail, attempted to courty the woman with whom he has en living that she might not testify against him, but the cruel authorities interfered. Indianapolis Cigar company has its safe as good as new through the thoughtfulness of the bookkeeper in leaving open the door through which the midnight callers abstracted $270 and fifteen gold watches. Indianapolis business men have lost large sums of money investing in "tiger" skins and their wives will shiver all through the inclement winter months in plain beaver cloaks with not as much as a sealskin trimming. The Oakland bank, Chicago, suspended Monday. The Hyde Park bank followed suit. Neither will resume. The unusually heavy demand of the depositors and the difficulty of getting securities cashed are the reasons given for the failures. The King Powder company and the Peters Cartridge company have sued the Pittsburg, Cincinnati, Chicago and St. Louis Railway company for $167,833.05 as damages to property and delay of business from the King's mills explosion last July.


Article from Evening Journal, September 23, 1890

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Article Text

A Chicago Bank Suspends. CHICAGO, Sept. 23.-The Oakland bank, situated at the corner of Cottage Grove avenue and Oakwood boulevard, about three miles,from the business center of the city, suspended payment Monday morning. Liabilities $60,000; nominal assets $75,000. President Johnston, of the bank, is of the opinion that the creditors will get at least 25 per cent. of their claims. The failure also closes the Hyde Park bank, a branch of the Oakland bank. The depositors of the Hyde Park bank are secured by special assets, which amount to $11,000. The unusually heavy demands of the depositors and the difficulty of getting securities cashed are the reasons given for the failures. Neither bank will resume business.


Article from St. Paul Daily Globe, September 23, 1890

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Article Text

Chicago Bank Failure. CHICAGO, Sept. 22. - The Oakland bank, situatee at the corner of Cottage Grove avenue and Oakwood boulevard, suspended payment this morning. an assignment having been made to William L. Moss. The failure, which should not be confounded with the Oakland National bank, also caused the closing of the doors of the Hyde Park bank, which was owned by the same people. Its assets are only $11,000. which will secure the depositors from loss.