Theodore Schwartz & Company (Louisville, KY)

Episode Information

Episode UID
3736948891095
Episode Type
Suspension โ†’ Closure
Bank Type
private
Bank ID
373694889 hash
Start Date
March 20, 1891
Location
Louisville, Kentucky (38.254, -85.759)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e8178bc20143fb5c

Response Measures

None

Events (1)

1. March 20, 1891 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure of the banking house with estimated liabilities of about $750,000 leading to collapse.
Newspaper Excerpt
Failure of the banking house of Theodore Schwartz & Co. at Louisville; liabilities, $750,000.
Source
newspapers

Newspaper Articles (2)

Article from Los Angeles Herald, March 21, 1891

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Article Text

EASTERN ECHOES. Ex- Congressman Richard H. Stanton died at Mayerville, Ky., Friday, aged 78. St. George's Episcopal church, Beaumont and Cheetnut streets, St. Louis, burned Friday night. Loss, $115,000; insurance, $60,000. At St. Alban, Vt., F. T. Harding, aged 22 years, the husband of a dissolute woman, shot her dead and then killed himself. La grippe is epidemic in Pittsburg, and fully 4000 cases are reported. The disease is far more acute than before known here. Alphonse and Gustave de Reisthal, importers of china and glassware, 55 Murray street, New York, have assigned. Liabilities about $150,000, assets not stated. A large three-masted schooner is reported wrecked between Seabright and Asbury Park, N.J. A severe gale raged along the Jersey coast Friday, and much damage was done. The failure or Theodore Schwartz & Co., bankers, at Louisville, Ky., turns out to be more serious than at first supnot posed. $750,000, The and liabilities it is probable will reach that nearly more than ten cents on the dollar will ever be paid. The negro Lingo, who was suspected two years ago of murdering Annie Le Coney, has been convicted at Camden, N.J., of the murder of Mrs. Miller, the wife of his employer. He assaulted the woman and cut her throat with a razor. A Chicago paper says the Rock Island officials are apprehensive of a change in the management of the road, as advices from New York indicate a well developed plan to place George Gould at the head of the Rock Island, ousting President Cable. A cablegram to the Police Gazette says the Pelican club has offered a purse of ยฃ600 for a fight between Ted Pritchard and Jack Dempsey, allowing Dempsey ยฃ100 for expenses. G. G. Coleman, of Chicago, claims to have discovered a method of manufacturing white lead in such a cheap, quick way that the trust which now controls the production of that staple, must go to smash. Coleman proposes to form a company and erect a large plant. The Democratic primaries in Chicago, to determine the party candidate for mayor, show that Mayor Cregier has an overwhelming lead, as against ex-Mayor Carter H. Harrison. The latter, however, has already received an independent nomination and announced his intention to run whether nominated by the Democratic convention or not.


Article from The Sunday Morning News, December 27, 1891

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Article Text

BUSINESS FLUCTUATIONS Some of the Most Notable Collapses of the Financial World. JANUARY. 5. Failure of Dueber Watch company. Canton. O.: liabilities, $450,000. 14. Failure of O'Donnell, Spencer & Co., lumber dealers at Saginaw, Mich.: $100,000. 20. Failure of the American National bank of Kansas City for $300,000. FEBRUARY. 18. Suspension of the American Loan and Trust company of New York: deficit of $656,000. MARCH. 20. Suspension of the Keystone National bank of Philadelphia. Failure of the banking house of Theodore Schwartz & Co. at Louisville; liabilities, $750,000. 23. Suspension of the Washington National bank in New York city; shortage. $148,000. MAY. 4. Failure of J.H. Lippincott, of the American Graphophone company and North American Phonograph company, for $100,000. 8. Suspension of the Spring Garden bank and the Penn Trust and Safe Deposit company in Philadelphia. 12. Failure of Levy Bros. & Co., clothing manufacturers, in New York, for nearly $1,000,000. 19. Failure of Satterlee, Bostwick & Martin. insurance brokers, in New York, for over $100,000. 20. Assignment of the Davis Shoe company at Richmond, Va.: liabilities, $3,000,000. 25. Failure of Potter, White & Bayley, shoe manufacturers, in Boston, for $1,000,000. JUNE. 4. Assignment of the Connell-Hall-McLester company, dry goods house, in Nashville; liabilities, $464,000. 12. Failure of the London and Liverpool Clothing company and Mack & Co. in New York; liabilities over $250,000. 22. Failure of Sax Bros., bankers, in Nashville, for $600,000. 25. Assignment of the wholesale shoe firm of Emile Marqueze & Co., in Boston; liabilities, $460,000. JULY. 11. Failure of Hard Bros. & Co., spring bed makers, in Oneida, N. Y., for $125,000. 13. Failure of R. M. Bingham & Co., wagon makers, in Rome, N. Y., for $225,000. 20. Suspension of the Merchants' National bank of Fort Worth, Tex.; liabilities, $500,000. AUGUST. 2. Assignment of Abraham Backer, commission merchant and note broker, in New York: liabilities, $4,000,000. 8. Assignment of the Masonic Savings bank in Louisville, owing $1,000,000. 19. Receiver appointed for the American Wheel company, of Chicago, which has plants in six different states; liabilities, $1,800,000. 21. Seizure of the assets of the Mexican Northern railway in New York on a claim for $109,000. 22. Failure of S. V. White & Co., grain speculators of New York and Chicago, for nearly $3,000,000. OCTOBER. 19. Assignment of Jonathan Stewart, of Trenton: liabilities, $329,000. 22. Assignment of the Bank of Lewisburg, Tenn. NOVEMBER. 1. Failure of Maverick National bank in Boston; liabilities, $8,000,000. 7. Supension of National bank of Corry, Pa.: liabilities, $740,000. 10. Assignment of C.B. Paul, Louisville, lumber dealer, for $200,000. 12. Assignment of H. B. Smith & Co., New York ship brokers, for $800,000. 13. Failure of Louis Adler, New York cloak manufacturer. for $150,000. S. N. Stroube, California horse breeder, failed for $150,000. 15. Failure of Bonner & Bonner, bankers, for $500,000, in Tyler, Tex. 20. Shortage of $133,000 causes closing of Milford (Mich.) bank 25. Failure of First National bank, Wilmington, N.C. 27. Assignment of New York banking firm of Field, Lindley, Wiechers & Co., with liabilities of over $1,000,000. DECEMBER. 1. Receiver appointed for Richmond, Nicholasville and Beattyville railroad, Kentucky; debt. $3,000,000. 11. $250,000 assignment by Francis H. Baker & Co., dry goods dealers of New York.