Washington Savings Bank - Washington, DC

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: December 29, 1910
Location: Washington, District of Columbia (38.895, -77.036)

Metadata

Model: gpt-5-mini
Short Digest: e72e93e1

Response Measures

None

Description

Article (New-York Tribune, 1910-12-30) reports Washington Savings was closed 'yesterday' with depositors gathered and the State/Department taking charge and examiners engaged. No mention of a depositor run preceding suspension; suspension appears to be by banking authorities (government action). Date of suspension inferred as 1910-12-29 (article says 'yesterday').

Events (1)

1. December 29, 1910 Suspension

Cause: Government Action
Cause Details: State banking authorities (Superintendent Cheney/Department of Banking) took charge as a precautionary measure pending a thorough examination; city demanded payment and Department engaged examiners and surety company investigation.
Newspaper Excerpt: when closed Savings vesterday in its front doors. Depositors in the small bank crowds the Bank gathered all day
Source: newspapers

Newspaper Articles (1)

1. December 30, 1910 New-York Tribune New York, NY

Article from New-York Tribune, December 30, 1910

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Article Text

He Wood that said of was away the the company. on of such the deal time. good to it sign had duty become occasions he done pe had which checks. of a as way matter business functory routine. of the was Morris Bankers and Lyand Realty Security secretary of A man WashCheney, secretary was Bank ington the The other L. cashier William director of of the Bank Brower, New York of About Checks Testifies "Kiting" the also disclosed Morris's testimony of checks "kiting" vaits and the Banx between Northern said the rious which witness branches. it of the Some checks, Robin employed for was said, were amounts. adwas In of fact that the view Robin a by four the alienists paranolac was and him who "recently. judge to Dr. sanacommitted Macdonald's suof the by torium Justice of on the Court, preme is Ame Application last night, sister Monday Robin's his of the that sanity question expected in dethe an will part play be the raised. fence. Should important to ap the Crain has Judge authority of a adduce point commission on and report that three to to him. point evidence a of such The commission aponly be appointment upon would made however, Its of provcounsel Robin's plication or be to ince whether would to be able the not mentally defendant with consult counsel of would The such report be if and the final. commissedantant adjudged the Amend, sane, Justice it and commitment was said. would superceded to trial have stand would to been promised Disone any Whitman Attorney to reason Robin "No immunity examined has by this said office. last believe night. with "and of the some of which tions in his dealings financial triet several there officers is every of alleged men associated titu- to the have called used Robin that as he is will be to of to upon charges plead larceny. in prevailed excitement of the Consideranthood washington it when closed Savings vesterday in its front doors. Depositors in the small bank crowds the Bank gathered all day dent and money Superinter said Cheney he had Department taken charge a as measure of demanded of the their Banking of the bank because of its precautionary the Bank. Northern connection a of more pending thorough examination its affairs 4 Per Year. Last Cent Paid of the The State Banking statement 1. July 1910. showed on the Bank that Savings of had date that total $1,428.to due dethe that and 357 91, amount the was while 10.205.65, to $1259 positorfabilities with the 7.130 open were Dividends the bank the rate 30 other There were on that date. of 4 per cent investor for in town ending a bonds was its but state, largest paid year at bank was June considerable district holding in this railroad mortgage The and school single bonds, which of and 600. $227 value 95 in $223,606 in held first to 3 par value of $122,000 inIt had State of January, bonds in the an it investment in 1910 the $5,000 each of Arizona. the also bonds of amount Tenvested nessee Carolina and vesterday and National that the Surety in North It was learned given by the the city money than the bank Company of the bond to guarantee Bank was $50,000 deposit less when the the was the Northern city funds payment on on Tuesday while amount to than amount of for $150,000. time was a trifle the $200,000. being taxes The bond on deposit at This the was collected due by of rapidly and more fact Bronx that the bureau had of been the coming the in Northern the Tax Collection unulated had in the Walsh, finding on Bank. City Chamberlain Chamberlain on Hyde, deposit was in Northern Acting of City the before it in $40,000 absence Friday that Bank on the and placed leaving $180,000. the drew other out city depositories, but the carried tax collec- the one of in the the Northern and $140,000 Friday $200,000 and over on $50,000. tions amount up to Wait for suspende day that a formal Banking the City Walsh Has to made the bank State demand for on on of the the institution in charge full of payment the Department payment sentative of the formal of amount refusal the matter of this the the deposit A been of Corporation for Counsel of demand city's having placed in charge will take steps the bond will has been Watson, the who amount Company. of with The city collection Surety chances depositors the other the from the have Nationa to take in getting its the addiof H O. Banks, tional $50,000. Cheney. in last out which night gave Chestatement be said va in now have appeared that effect papers has been delinof the condition the Banking in ascert artaining of New York leading and to suggest- the had ulNorthern quent the Bank information formation of that institution the Banking timate that suspension the attention Insurance of investi- Departto be called to by the engaged Company. in in ment, Etna interested. ing Department which was then Indemnity Do placed of its nine gating which "As a Robin the matter was of examiners fact, the in branches the Banking Norther two indays Bank before the it was that Department dicated On the partment and each Insurance examining the first day Company.