Articles refer to the Terminal Bank of Brooklyn (borough of New York).
Events (3)
1.October 25, 1907Run
Cause
Local Banks
Cause Details
Run/withdrawals followed the failure of the Williamsburg Trust Company, prompting deposit demands on Terminal Bank.
Newspaper Excerpt
The Terminal Bank of Brooklyn suspended today temporarily... No other suspensions have been reported.
Source
newspapers
+1 day
2.October 26, 1907Suspension
Cause
Local Banks
Cause Details
Suspended after runs and the failure of the Williamsburg Trust Company; inability to raise currency on short notice.
Newspaper Excerpt
The Terminal bank of Brooklyn suspended today and the state examiner is in charge.
Source
newspapers
+26 days
3.November 21, 1907Reopening
Newspaper Excerpt
The Terminal Bank of Brooklyn... reopened today. It was declared perfectly solvent by the State authorities.
Source
newspapers
Newspaper Articles (20)
1.October 26, 1907The Washington TimesWashington, DC
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Runs Practically Over, There was practically an end of the runs on the Trust Company of America, the Liacoin Trust Company and other banks today. The number of depositors in line was small, and there was an entire absence of the feeling of alarm that has prevailed since Tuesday. The subtreasury continue., under the direction of Secretary of the Treasury George B. Cortelyou, to pour streams of cash into the threatened banks. Trucks and wagons backed up at the subtreasury today and carted away gold, silver, and treasury notes. One truck carried away 100 bags containing $1,000 each, which was sent to a Brooklyn bank. There was received from Washington $10,000,000 in bills of small denomination for which there has been a great demand. The Terminal Bank of Brooklyn suspended today temporarily, and the State bank examiner took charge. No other suspensions have been reported.
2.October 26, 1907The Richmond Palladium and Sun-TelegramRichmond, IN
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Article Text
ANOTHER BANK SUSPENDS. The Terminal of Brooklyn in Hands of State Examiner. New York, Oct. 26.-The Terminal bank of Brooklyn suspended today and the state examiner is in charge.
3.October 26, 1907Lewiston Evening TellerLewiston, ID
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Article Text
MONEY PANIC LARGELY LOCAL NEW YORK ADMITS SITUATION IS NOT WIDESPREAD AND HAS PLANS TO AID HOME BANKS BY PRESSING GOLD IMPORTS. NEW YORK, Oct. 26.-It is admitted today that the financial difficulties are largely local and not widespread throughout the country. The situation at Pittsburg and Providence is expected to right itself under circumstances suggested, and an effort will be made to relieve the tension in New York by gold imports, and something in this line is being done. It is felt, however, that any effort to press gold imports is likely to meet with obstructive measures in London, and as an alternative relief clearing house loan certificates will be issued. The Trust Company of America opened today as usual, with about 100 people in line. The company officials declare the run is over. The bankers' pool gave further assurance today that it would provide for call loans when needed. The Terminal bank of Brooklyn, a small institution, suspended payment today.
4.October 26, 1907The Evening StatesmanWalla Walla, WA
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Article Text
Close in Brooklyn. Brooklyn, Oct. 26.-The Terminal Bank of Brooklyn, closed its doors this morning as the result of the failure of the Williamsburg Trust company yesterday. A slight run on the Nassau Trust company of Williamsburg started this morning but is being easily handled.
5.October 26, 1907East Oregonian : E.OPendleton, OR
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Article Text
Runs on Two Banks. Brooklyn, Oct. 26.-The Terminal Bank of Brooklyn closed its doors this morning as a result of the failure of the Williamsburg Trust company yesterday. A slight run on the Nassau Trust company of Williamsburg was started this morning but it is being easily handled.
6.October 26, 1907The Paducah Evening SunPaducah, KY
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Article Text
SOME LITTLE FLURRIES New York, Oct. 26.-The Terminal bank of Brooklyn closed its doors today. It cleared for the Williamsburg Trust company. There was a small run on the Nassau Trust company. Pittsburg, Oct. 26.-The Stock Exchange was closed again today.
7.October 27, 1907Bryan Morning EagleBryan, TX
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Article Text
Suspends Payments. New York, Oct. 26.-Terminal Bank of Brooklyn, with capital stock of $100,000 and deposits of about $240. 000. has suspended payments.
Another Brooklyn Failure. New York, Oct. 28.-The Terminal bank of Brooklyn, a small state institution with a capital of $100,000 and deposits of about $240,000, has suspended payment.
9.November 21, 1907The Washington TimesWashington, DC
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BROOKLYN BANK REOPENS. NEW YORK, Nov. 21.-The Terminal Bank of Brooklyn, one of those that suspended during the recent panic, reopened today. It was declared perfecily solvent by the State authorities.
10.November 21, 1907Evening StarWashington, DC
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TERMINAL BANK RESUMES. Brooklyn Institution Reopens for Business Today. Special Dispatch to The Star. NEW YORK, November 21.-Another of the suspended banks resumed business today, when the Terminal Bank, a state institution in Brooklyn, followed the example of the Twelfth Ward Bank of Manhattan, and reopened its doors. The Terminal Bank was generally classed in the public mind as one of the Jenkins banks, as Frank Jenkins of the Williamsburg Trust Company was one of its directors. Now that he has resigned, Supt. Williams of the state banking department, finding the institution solvent, has given permission to continue business where it was interrupted October 25.
11.November 21, 1907Arizona RepublicanPhoenix, AZ
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BROOKLYN BANK TO REOPEN New York. Nov. 20.-Announcement is made that the Terminal Bank of Brooklyn which suspended on the morning of the recent banking flurry, will reopen tomorrow. The largest depositors have agreed not to withdraw any funds for an indefinite period.
BROOKLYN BANK NOW READY TO RESUME New York, Nov. 20.-Announcement is made that the Terminal Bank of Brooklyn, which suspended during the recent banking flurry, will reopen its doors tomorrow. The largest. depositors in the bank have agreed not to withdraw any of their funds for an indefinite period.
SUSPENDED BANK WILL OPEN AGAIN (By Associated Press.) NEW YORK, Nov. 20.--The aunouncement was made that the Terminal bank of Brooklyn, which suspended during the recent banking flurry, would reopen its doors to. morrow.
14.November 21, 1907The Marion Daily MirrorMarion, OH
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Bank Will Resume. New York, Nov. 21.-The Terminal bank, of Brooklyn, which suspended during the recent banking flurry, will reopen its doors to-day. The Terminal bank closed its doors because of its inability to raise currency on short notice to meet the demands of its depositors. The largest depositors in the bank have agreed not to withdraw any of their funds for an indefinite time.
15.November 21, 1907Los Angeles HeraldLos Angeles, CA
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SUSPENDED BANK WILL AGAIN OPEN ITS DOORS By Associated Press. NEW YORK, Nov. 20.-Announcement 19 made that the Terminal bank of Brooklyn, which suspended during the recent banking flurry, will reopen its doors tomorrow. The largest depositors in the bank have agreed not to withdraw any of their funds for an indefinite period.
16.November 21, 1907The Seattle StarSeattle, WA
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Brooklyn Bank Reopens. NEW YORK, Nov. 21.-The Terminal Bank of Brooklyn, which suspended during the recent bankIng. flurry, reopened today.
17.November 21, 1907Evening JournalWilmington, DE
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Suspended Bank Resumes. By THE JOURNAL'S Special Wire. NEW YORK, Nov. 21.-The Terminal Bank of Brooklyn, one of those that suspended during the recent panic reopened today. It was declared perfeetly solvent by the State authorities. During the first hour it was open more than $45,000 was deposited.
18.November 23, 1907The Labor WorldDuluth, MN
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BANK IN BROOKLYN WILL REOPEN TODAY NEW YORK, Nov. 20.-Announcement is made that the Terminal bank of Brooklyn, which suspended during the recent banking flurry, will re-open its doors tomorrow. The Terminal bank closed its doors because of its inability to raise currency on short notice to meet the demands of its depositors. The largest depositors in the bank have agreed not to withdraw any of their funds for an indefinite time.
19.November 23, 1907The Free LanceFredericksburg, VA
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Bank Officers Indicted. New York, Nov. 21.-Three indictments are said to have been ordered by the Kings county grand jury which has been investigating the affairs of the suspended Borough Bank of Brook. lyn. The grand jury has not completed its labors, and there were intimations that there might be other indictments. While no official statement was forth. coming of the action of the jury, It is understood that more than one indict may be returned against individuals. The Terminal Bank of Brooklyn, which suspended during the recent banking flurry, reopened its doors and resumed business. The Terminal bank closed its doors because of its inability to raise currency on short notice to meet the demands of its depositors. The largest depositors in the bank have agreed not to withdraw any of their funds for an indefinite time.
20.January 2, 1908New-York TribuneNew York, NY
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Institution. suspension. branches. Knickerbocker Trust Company, New York 3 October 22 October 24 6 Hamilton Bank of New York City Twelfth Ward Bank of the City of New York 2 October 24 United States Exchange Bank, New York October 25 Borough Bank Brooklyn 2 October 25 The Brooklyn Bank in the City of New York 1 October 25 International Trust Company, New York October 25 5 October 25 Jenkins Trust Company. Brooklyn Williamsburg Trust Company. Brooklyn 2 October 25 October 25 Terminal Bank, Brooklyn
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