Sixteenth Street State Bank (Chicago, IL)

Episode Information

Episode UID
2029271479
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
202927 routing
Routing Number
2-0292
Start Date
March 21, 1923
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0a48362698e561a9

Response Measures

None

Description

State bank examiners ordered the bank closed after officers resigned; president admitted unconventional methods in obtaining loans.

Events (2)

1. March 21, 1923 Receivership
Newspaper Excerpt
Two suits for the appointment of a receiver for the Sixteenth Street State bank, which was closed yesterday, were filed by depositors today after Samuel W. Maltz, former president ... admitted ... that he had used unconventional financial methods in obtaining loans from the bank.
Source
newspapers
2. March 21, 1923 Suspension
Cause
Government Action
Cause Details
State bank examiners ordered the bank closed after all officers resigned; examiners to appraise books to determine depositor funds.
Newspaper Excerpt
The Sixteenth Street State bank of Chicago with deposits of $580,000 was ordered closed by the state bank examiners after all its officers resigned.
Source
newspapers

Newspaper Articles (3)

Article from The Birmingham Age-Herald, March 22, 1923

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Article Text

SEEK RECEIVER FOR BANK CHICAGO, March 21.-Two suits for the appointment of a receiver for the Sixteenth Street State bank, which was closed yesterday, were filed by depositors today after Samuel W. Maltz, former president of the institution, admitted to assistant state's atterneys that he had used unconventional financial methods in obtaining loans from the bank.


Article from The Oakley Herald, March 30, 1923

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Article Text

TELEGRAPHIC TALES FOR BUSY READERS A RESUME OF THE WEEK'S DOINGS IN THIS AND OTHER COUNTRIES Important Events of the Last Seven Days Reported by Wire and Prepared for the Benefit of the Busy Reader WESTERN H. C. Bigelow, prominent business man and president of the Ogden State Bank, died at his home in Ogden. Mr. Bigelow was 78 years old. Robbers broke into the Olympia, Washington postoffice and blew open stamp safe after drilling their way a into two vaults. A check showed ad$27,000 worth of stamps stolen in dition to $374 in cash and several hundred dollars taken from registered mail, according to Postmaster Frank S. Clem. A daylight robbery of between $25,- in 000 and $30,000 in cash occurred residence district of Los Angeles the when three men in an automobile seized the automobile of Clarence Dale, collector for the Sam Selig cash chain of grocery stores. The was in a e ombination locked strong box bolted to the collector's car. The Allen canyon band of renegade Indians are agan on the war path. Blanding, Utah is isolated, the Red- and men having cut telephone wires bethe last word from the Indian a leagured village was brought by of courier asking for the formation the armed body of men to aid inhabitants an of the town. The Indians, in according to the courier, engaged pitched battle with ranchers Mon- from a day in an attempt to rescue custody Dutch's Boy and Bishop's for Boy, Indian youths being held the robbing of a sheep camp recently. The outbreak started when Dutch's Boy and Bishops Boy were convicted Saturday of robbery before a justice of the peace. Immediately the news taken to the band of renegades was members of their band who had by attended the trial, the Indians could be seen taking points of vantage. Lashed along by wind that ranged from forty-five miles an hour speed in in Denver to 100 miles an hour velocity at Corona, Colo., at the "top diof the world' on the continental vide, the worst blizzard of the winter the Saturday swept Colorado and Rocky mountain region. Snowfall was general throughout the region, accompanying rapidly descending temperatures. Examination of the bodies of Mrs. Cleopatra Karas and Gust Karas, her the brother-in-law, found dead in Home Bakery at Everett, swept by fire Saturday, revealed that both killed had been beaten about the head and probably before the fire started, telCoroner Charles Pickle said in a 0 ephone message from Everett. GENERAL t Four bandits at Toledo, Ohio held $25 Wade Cleland, robbed him of g and up jewelry and carried away Fran- in D Newberry, his girl companion the c ces automobile. Two hours later, M girl an was found lying in a ditch been near tl Sylvania, a suburb. She had t criminally assauited, physicians say p and is in a critical condition at a hisa in pital. Two men were killed and several injured at Wilkesbarre, Pa., n when were the packing house of the Belin fi mills of the Dupont Powder mill the the blew up, completely destroying is D mill. Fourteen girls were injured, some in to reported seriously, when a elevator the building of Murdock, Kerr and Ir company, at Pittsburg dropped three the floors. The girls were rushed to de co Mercy and Allegheny General hospith tals. They were employed in various parting departments of the big printing establishment. A spectacular fire marked by flares Sa of gas and explosions of numerous sa gasoline tanks endangered the ChiL Union Stock Yards. The flames H cago wiped out the plant of the Mercury Manufacturing company and caused G damages estimated between $200,000 and $300,000. Governor Len Small of Illinois, by is ki accompanied wherever he goes four armed guards as a result of to threats upon his life attributed to in Chicago gunmen, it became known at di Chocago. Private detectives have been assigned to investigate the F1 fr threats. The Sixteenth Street State bank of in Chicago with deposits of $580,000 was exordered closed by the state bank m aminers after all its officers resigned. ho Examiners were ordered to appraise te books at once to determine how off cr its much money there was to pay na depositors. Mrs. Paulette Saludes, convicted of of the murder of Oscar M. Martelliere, pa insurance broker, was sentenced st to an from twenty years to life imprisonpr ment in the woman's prison at Autr burn, New York. Eight persons were killed and 50 of more recked the village of Savage injured in a storm which in


Article from The Challis Messenger, April 4, 1923

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Article Text

TELEGRAPHIC TALES FOR BUSY READERS A RESUME OF THE WEEK'S DOINGS IN THIS AND OTHER COUNTRIES Important Events of the Last Pre- Seven Days Reported by Wire and pared for the Benefit of the Busy Reader WESTERN C. Bigelow, prominent business H. and president of the in Ogden Ogman Bank, died at his home old. State den. Mr. Bigelow was 78 years Robbers broke into the Olympia, Washington postoffice and blew open way stamp safe after drilling their showed a two vaults. A check in adinto worth of stamps stolen several $27,000 to $374 in cash and registerhundred dition dollars taken from ed mail, according to Postmaster Frank S. Clem. daylight robbery of between $25,- in A and $30,000 in cash occurred 000 residence district of Los Angeles the three men in an automobile Clarence when the automobile of Selig seized collector for the Sam cash Dale, chain of grocery stores. The strong in a c ombination locked box was bolted to the collector's car. The Allen canyon band of renegade path. are agan on the war Red0 Blanding, Indians Utah is isolated, the and b having cut telephone wires beti men last word from the Indian by a V leagured the village was brought of courier asking for the formation the armed body of men to Indians, aid M inhabitants an of the town. The in P ti according to the courier, engaged Monpitched battle with ranchers from W a in an attempt to rescue to day custody Dutch's Boy and Bishop's for Indian youths being held ly Boy, robbing of a sheep camp recently. Dutch's cc the outbreak started when convicted The and Bishops Boy were p is Boy Saturday of robbery before a justice news the peace. Immediately the pi st of taken to the band of renegades had T was members of their band who could ap attended by the trial, the Indians is be seen taking points of vantage. M Lashed along by wind that ranged tr forty-five miles an hour speed in an from Denver to 100 miles an hour "top W. in velocity at Corona, Colo., at the dife the world' on the continental winter of the worst blizzard of the the vide, swept Colorado and be $5 Saturday mountain region. Snowfall region, Rocky general throughout the De ba accompanying was rapidly descending iot to temperatures. Examination of the bodies of Mrs. her Karas and Gust Karas, the brother-in-law, Cleopatra found dead in by Bakery at Everett, swept had Ma Home Saturday, revealed that both killed ate fire beaten about the head and started, ho been before the fire telNe Coroner probably Charles Pickle said in a of ephone message from Everett. GENERAL op the bandits at Toledo, Ohio held $25 Four Wade Cleland, robbed him of Frango up jewelry and carried away in pro and Newberry, his girl companion the con ces automobile. Two hours later, near Mi an was found lying in a ditch been the girl a suburb. She had say tra Sylvania, assauited, physicians hispro and criminally is in a critical condition at a age ing pital. men were killed and several Pa., Two injured at Wilkesbarre, ne were the packing house of the Belin mill fina when of the Dupont Powder the the blew mills up, completely destroying isti De mill. Fourteen girls were injured, some in to seriously, when a elevator and A reported building of Murdock, Kerr three Iris the at Pittsburg dropped the der company, The girls were rushed to hospifloors. and Allegheny General con the Mercy They were employed in various espar departments tals. of the big printing wit cen tablishment. spectacular fire marked by flares say A and explosions of numerous Chisas of gas tanks endangered the flames Lay gasoline Union Stock Yards. The Ha cago wiped out the plant of the Mercury caused J Manufacturing company and Ger damages estimated between $200,000 and $300,000. wo who Governor Len Small of Illinois, by is kill accompanied wherever he goes of F armed guards as a result to to four upon his life attributed at ir threats gunmen, it became known have Chicago Private detectives the dis) been Chocago. assigned to investigate Fre frei F hreats. Sixteenth Street State bank was of The with deposits of $580,000 exinc ordered Chicago closed by the state bank mar hol miners after all its officers resigned. tele Examiners were ordered to appraise how cra books at once to determine off nat nuch ts money there was to pay depositors. R Mrs. Paulette Saludes, convicted of of murder of Oscar M. Martelliere, pat he insurance broker, was sentenced sta an from twenty years to life imprison- Aupri ment o in the woman's prison at tre burn, New York. Eight persons were killed and which 50 of