gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4be8aea1209f7042
Response Measures
None
Description
No explicit contemporaneous run reported; bank was placed in receivership and did not resume normal independent operations.
Events (7)
1.January 3, 1891Other
Newspaper Excerpt
C. H. Willis, Treasurer of the Stockbridge Savings Bank, is a defaulter to an amount running from $22,000 to $25,000. ... The depositors are so much excited that as soon as the bank opens for business there may be a run upon it.
Source
newspapers
2.April 7, 1891Receivership
Newspaper Excerpt
The Stockbridge Savings bank has been placed in the hands of a receiver. It is thought that the loss to depositors will not reach more than twenty-five per cent.
Source
newspapers
3.April 7, 1891Suspension
Cause
Bank Specific Adverse Info
Cause Details
Defalcation by treasurer C. H. Willis and inability to realize on a $10,000 loan to Glendale Woolen Mill uncovered; bank placed in receivership.
Newspaper Excerpt
The Stockbridge Savings bank has been placed in the hands of a receiver.
Source
newspapers
4.July 13, 1892Receivership
Newspaper Excerpt
Conversion of the funds of the Stockbridge Savings bank of Stockbridge by the receiver, Fred A. Bobbs, of Stockbridge, is charged by the savings bank commissioners.
Source
newspapers
5.July 20, 1892Receivership
Newspaper Excerpt
Receiver Hobbs, of the Stockbridge Savings bank, has been ordered to account for about $50,000 of the funds of the bank which it is alleged he has converted to his own use.
Source
newspapers
6.December 20, 1892Other
Newspaper Excerpt
Receiver F. A. Hobbs of the Stockbridge Savings bank has applied to the Superior Court to declare dividends of 12 1-2 per cent., making 62 1-2 per cent. paid to depositors.
Source
newspapers
7.July 11, 1894Receivership
Newspaper Excerpt
Frederick Hobbs, the defaulting receiver of the Stockbridge Savings bank, was brought before Judge Tucker ... charged with embezzlement. He was held in $30,000 and bound over to the grand jury.
Source
newspapers
Newspaper Articles (15)
1.January 4, 1891Pittsburg DispatchPittsburgh, PA
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Article Text
ANOTHER TREASURER WRONG. He Is a Defaulter to the Amount[of $22,000 or $25,000. /SPECIAL TELEGRAM TO THE DISPATCH.\ PITTSFIELD, MASS., Jan. 3.-A great sensation was created in Stockbridge when It was learned that C. H. Willis, Treasurer of the Stockbridge Savings Bank, is a defaulter to an amount running from $22,000 to $25,000. Willis has been Treasurer of the bank for several years. About a month ago Bank Examiner Chapin looked over its affairs and found notes that could be realized on. One especially of $10,000, in favor of the Glendale Woolen Mill Company, the money on which was obtained by H. J. Dunham, trustee of the mill. Mr. Chapin therefore placed an injunction on the bank, on which there will be a hearing on Monday. It was ascertained that Willis had not posted up his books tor some years. He acknowledged that he had taken the above amount from the bank, but it is not known how long he has been pilfering. Willis is a native of Stockbridge, and is about 50 years old. He owns a small place in town, but his property is not sufficient to cover the loss. However, his bondsmen are good for the amount. Matters are so complicated that it is impossible to learn what the outcome will be. The depositors are so much excited that as soon as the bank opens for business there may be a run upon it.
2.April 7, 1891The Dalles Daily ChronicleDalles, OR
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Article Text
A Savings Bank Suspends. STOCKBRIDGE, Mass., April 7.-The Stockbridge Savings bank has been placed in the hands of a receiver. It is thought that the loss to depositors will not reach more than twenty-five per cent.
3.April 8, 1891The Seattle Post-IntelligencerSeattle, WA
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Article Text
A Savings Bank Assigns. STOCKBRIDGE, Mass., April 7.-The Stock bridge Savings bank has been placed in the hands of a receiver. It is thought the loss to depositors will not reach more than 20 or 25 per cent.
4.April 8, 1891The Salt Lake HeraldSalt Lake City, UT
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Article Text
Stockbridge Savings Bank Fails. STOCKBRIDGE, Mass., April s7.-The Stockbridge Savings bank has been placed in the hands of a receiver. It is thought the loss to depositors will not reach more than 20 or 25 per cent.
5.October 23, 1891Richmond DispatchRichmond, VA
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Article Text
A Town's Sole Industry Gone. (By telegraph to the Dispatch.] PITTSFIELD, MASS., October 22.-The town of Glendale, fitteen miies south of this city, recolved a heavy blow last evening when the Glendale Woollen-Mills, the only industry of the place, were destroyed by fire. The fire was discovered at 9 o'clock, and the building was in ashes two hours later. The mill was a five-story stone building. It was formerly operated by Frank Adams, and later, for his creditors, by Henry Duncan, of Stockbridge, a trustee. Duncan borrowed $10,000 of the Stockbridge Savings bank, securing the loan by a chattel mortgage on the stock in the mill. Inability to pay the note resulted in the suspension last spring of the Savings Bank, the suspension bringing to light the defalcation of Treasurer Charles Willis. Two months ago the mill was sold under foreclosure of a mortgage for $75,000 held by the Berkshire Life-Insurance Company of this city. It was purchased by 8 Mr. Hermann, of New York, who prepared to carry on business, and the whoels were started yesterday. The total loss is about $200,000; fully insured. There is no fire department in Glendale.
6.October 23, 1891The Morning NewsSavannah, GA
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Article Text
WOOLEN MILLS BURNED, The Investment a Loser for Several Years Past. PITTSFIELD, Mass., Oct. 22.-The town of Glendale, fifteen miles south of this city, received a heavy blow last evening when the Glendale woolen mills, the only industry of the place, were destroyed by fire. The The fire was discovered at 9 o'clock and the building was in ashes two hours later. The mill was a five-story stone building, formerly operated by Frank Adams, and later for his creditors by Henry Duncan of Stockbridge, a trustee. Mr. Duncan borrowed $10,000 of a Stockbridge savings bank, securing the loan by a chattel mortgage on the stock in the mill. Inability to pay the note resulted in the suspension last spring of the savings bank, the suspension bringing to light the defalcation of Treasurer Charles Willis. Two months ago the mill was sold under the foreclosure of a mortgage for $75,000 held by the Berkshire Life Insurance Company of this city. It was purchased by Hermann of New York, who prepared to carry on the business, and it was started yesterday. The total loss is about $200,000; fully insured. There is no fire department in Glendale.
7.October 23, 1891The Roanoke TimesRoanoke, VA
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Article Text
A LARGE FACTORY BURNED. The Town of Glendale Suffers a Great Disaster. PITTSFIELD, Mass., Oct. 22.-[Special] -The town of Glendale, fifteen miles south of this city, received a heavy blow last evening when the Glendale woolen mills, the only industry of the place, were distroyed by fire. The fire was discovered at 9 o'clock and the building was in ashes two hours later. The mill was a five story stone building, formerly operated by Frank Adams, later for his creditors by Henry Duncan, of Stockbridge, a trustee. Dunham borrowed $10,000 of the Stockbridge Savings Bank, securing the loan by a chattel mortgage on stock in the mill. The inability to pay the note resulted in suspension last spring of the savings bank, suspension bringing to light the defalcation of Treasurer Charles Willis. Two months ago the mill was sold under foreclosure of a mortgage for $75,000 held by the Berkshire Life Insurance Company, of this city. It was purchased by Hermann, of New York, who prepared to carry on the business and the wheels started yesterday. The total is about $200,000, fuily insured.
8.October 29, 1891Delaware Gazette and State JournalWilmington, DE
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Article Text
A Disastrous Fire. PITTSFIELD, MASS., Oct. 22.-The town of Glendale, 15 miles south of this city received a heavy blow last evening when the Glendale Woolen Mills, the only industry of the place; were destroyed by fire. The fire was discovered at 9 o'clock and the building was in ashes two hours later. The mill was a five story stone building. It was formerly operated by Frank Adams; later for his creditors by Henry Dunean of Stockbridge Savings Bank, securing the loan by a chattel mortgage on the stock in the mill. Inability to pay the note resulted in the suspension last spring of the savings bank, the suspension bringing to light the defalcation of Treasurer Charles Willis. Two months ago the mill was sold under foreclosure of a mortgage for $75,000, held by the Berkshire Life Insurance Company of this city. It was purchased by Mr. Herman of New York, who prepared to carry on the business, and the wheels started yesterday. The total loss is about $200,000; fully insured. There is no fire department in Glendale.
9.July 13, 1892Evening JournalWilmington, DE
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Article Text
Conversion of Funds Charged. BOSTON, July 13.-Conversion of the funds of the Stockbridge Savings bank of Stock. bridge by the receiver, Fred A. Bobbs, of Stockbridge, is charged by the savings bank commissioners.
10.July 21, 1892Freeland TribuneFreeland, PA
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Article Text
Receiver Hobbs Accused. BOSTON, July 20.-Receiver Hobbs, of the Stockbridge Savings bank, has been ordered to account for about $50,000 of the funds of the bank which it is alleged he has converted to his own use.
11.December 20, 1892The Evening HeraldShenandoah, PA
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Article Text
Stockbridge Savings Bank Dividends. GREAT BARRINGTON, Mass., Dee. 20.-Receiver F. A. Hobbs of the Stockbridge Savings bank has applied to the Superior Court to declare dividends of 12 1-2 per cent., making 62 1-2 per cent. paid to depositors.
12.July 10, 1894The Providence NewsProvidence, RI
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Article Text
Probably the End of It. SPRINGFIELD, Mass., July 10.-The first of the Stockbridge Savings bank cases, to recover $5000 paid out by ex-Receiver Hobbs, which was to be tried this week, has been continued indefinitely. and there are doubts if the case will ever come to trial.
13.July 11, 1894The Providence NewsProvidence, RI
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Article Text
Held For the Grand Jury. SPRINGFIELD, Mass., July 11.-Frederick Hobbs, the defaulting receiver of the Stockbridge Savings bank, was brought before Judge Tucker yesterday, charged with embezzlement. He was held in $30,000 and bound over to the grand jury. Hobbs was unable to secure the required bail and was committed to the county jail in default.
14.July 12, 1894Pawtucket TribunePawtucket, RI
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Article Text
Receiver Hobbs In JaiL SPRINGFIELD, Mass, July 11-Frederick Hobbs, the defaulting receiver of the Stockbridge Savings bank, was brought before Judge Tucker yesterday, charged with embezzlement. He was held in $80,000 and bound over to the grand jury. Hobbs was unable to secure the required bail and was committed to the county Jail in default.
15.July 13, 1894The United OpinionBradford, VT
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Article Text
Held For the Grand Jury. SPRINGFIELD, Mass., July 11.-Frederick Hobbs, the defaulting receiver of the Stockbridge Savings bank, was brought before Judge Tucker yesterday, charged with embezzlement. He was held in $30,000 and bound over to the grand jury. Hobbs was unable to secure the required bail and was committed to the county jail in default.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
