Article Text
lice Prevent "Run" On Bank (By The Associated Press.) HICAGO, ILL., Apr. 11.-Officials the West Side National Bank tocalled for police protection when 20wd of depositors gathered and eatened a run on the bank.
4055. West Side National Bank (Chicago, IL)
Bank Information
- Episode Type
- Run Only
- Bank Type
- national
- Bank ID
- 11009
- Charter Number
- 11009
- Start Date
- April 11, 1923
- Location
- Chicago, Illinois (41.850, -87.650)
Metadata
- Model
- gpt-5-mini
- Short Digest
2da865fd185c1c03
Response Measures
None
Receivership Details
- Depositor recovery rate
- 66.4%
- Date receivership started
- 1931-10-16
- Date receivership terminated
- 1939-10-31
- OCC cause of failure
- Economic conditions
- Share of assets assessed as good
- 11.2%
- Share of assets assessed as doubtful
- 67.5%
- Share of assets assessed as worthless
- 21.3%
Description
Multiple wire reports from April 1923 state officials of the Chicago West Side National Bank called for police protection when a crowd of depositors gathered and threatened a run. There is no mention of a suspension, receivership, or reopening. Cause for the threatened run is not specified in the articles.
Events (3)
1.
June 8, 1917
Chartered
- Source
- historical_nic
2.
April 11, 1923
Run
- Cause Details
- Articles report only that a crowd of depositors gathered and threatened a run; no specific trigger (rumor, bank insolvency, or external shock) is given.
- Measures
- Called for police protection to prevent a run.
- Newspaper Excerpt
- Officials of the West Side National Bank called for police protection when a crowd of depositors gathered and threatened a run on the bank.
- Source
- newspapers
3.
October 16, 1931
Receivership
- Source
- historical_nic
Newspaper Articles (4)
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GENERAL Four desperate and insane criminals made a spectacular escape from the Matteawan New York state hospital. In their break for freedom they made threatening use of a smuggled revolver, bound two guards and locked them up after taking their keys from them, and kidnapped two other guards and the institution chauffeur. Officials of the Chicago West Side National bank called for police protection when a crowd of depositors gathered and threatened a run on the bank. The institution has deposits of nearly $2,000,000. President Harding has called the shipping board to confer with him on a plan for the merchant marine. At this conference a decision may be reached as to whether the government will continue ship operation, now entailing a loss of more than $3,000,000 a month, or turn over the merchant fleet to private control. The minimum wage law by which congress sought to regulate the minimum wages to be paid women and minor girls in the District of Columbia was declared unconstitutional by a the supreme court. While the validity of none of the state minimum I laws was directly under attack in o the case, the decision was regarded W as a vital importnace. I An investigation Into the propriety 11 and the reasonableness of the present W surcharge placed against passengers ti who use Pullman equipment and Into ti the general schedule of rates charged G for Pullman car service, was institutd ed by the interstate commerce commission. lu Michoel Durso, state represents. W tive returned to Springfield to present to the general assembly amendments MI to Illinois marriage and divorce laws A that would substitute interlocutory or decrees for immediate absolute di. to vorce, legitimatize children born of th Illegal unions and require 10 days by days notice to county clerks before Issuance of marriage certificates. Se George Virgin 48, held in the 45 Venderberg county Jull charged with 68 be most brutal staying on record to In southern Indiana Me Le charged th with killing big father. John Virgin, AN W, # paralyMe for BRYAD УЛАЕР with batchet, Thousands of BEN Alad volorans no unswered the FRM AN Arms in 00 ascimbled Wednesday for the salep of the Hird влина! of M United Confederate Увлегова " R Y/ Origana
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children because his wife had refused to return with him to their former home in Japan, he told police. Petitions requesting that the name of Henry Ford, Dearborn, Mich., automobile manufacturer, be placed on the primary ballot of the Progressive party in Nebraska in 1924, for president, were filed at Lincon, Neb., with the secretary of state. The petititions contained more than 1600 names. Request for the appointment of a receiver for the south branch of the Idato Wheat Growers' association was made in district court at Pocatello, Idaho, by the Northwest Wheat Growers, Associated of Portland and Minneapolis, it is reported. Sending 3,000 Mexcan laborers to the sugar beet fields of Colorado will start from Texas at once according to announcement by Municipal Labor Agent W. L. George. Daveline Murphy, 9 years old, is dead; her bother Robert, 6, and a sister, 5, are not expected to live, and three other children of the family are seriously burned, as a result of an explosion of a keg of blasting powder on the Murphy farm, twentyfive miles east of Walsenburg, Colo. One of the youngsters threw a lighted match into the powder. Seven persons, were being held by the Washington D. C. police for investigation following a roundup of alleged radicals in two raids in which department of justice agents participated. A quantity of radical literature seized was being examined by the government agents. Coney C. Slaughter, alleged looter of the Mercantile National Bank of Pueblo, Colo., and for whom the authorities had been searching eight years, was arrested at Phoenixville, Pa., and held for arraignment before a federal commissioner. Department of justice agents who found Slaughter working in a sanitarium said he had agreed to waive extradition and return to Colorado at once. GENERAL Four desperate and insane crimInals made a spectacular escape from the Matteawan New York state hospital. In their break for freedom they made threatening use of a smuggled revolver, bound two guards and locked them up after taking their keys from them, and kidnapped two other guards and the institution chauffeur. Officials of the Chicago West Side National bank called for police protection when a crowd of depositors gathered and threatened a run on the bank. The institution has deposits of nearly $2,000,000. President Harding has called the shipping board to confer with him on a plan for the merchant marine. At this conference a decision may be reached as to whether the government will continue ship operation. now entailing a loss of more than $3,000,000 a month, or turn over the merchant fleet to private control. The minimum wage law by which congress sought to regulate the minimum wages to be paid women and minor girls in the District of Columbia was declared unconstitutional by the supreme court. While the validIty of none of the state minimum laws was directly under attack in the case, the decision was regarded as a vital importnace. An investigation into the propriety and the reasonableness of the present surcharge placed against passengers who use Pullman equipment and into the general schedule of rates charged for Pullman car service, was instituted by the interstate commerce commission. Michoel Durso, state representative returned to Springfield to present to the general assembly amendments to Illinois marriage and divorce laws that would substitute interlocutory decrees for immediate absolute divorce, legitimatize children born of illegal unions and require 10 days days notice to county clerks before issuance of marriage certificates. George Virgin, 43, held in the Vanderberg county jail charged with the most brutal slaying on record in southern Indiana. He is charged with killing his father, John Virgin, 72, a paralytic for seven years with a hatchet. Thousands of gray clad veterans who answered the call to arms in '61 assembled Wednesday for the first session of the 33rd annual reunion of
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GENERAL The world's nonstop dancing record of 52 hours 16 minutes made in Cleveland, Ohio, last week, was broken Saturday morning by eight couples and six individual dancers at the Garden Roof. At 1 a. m., when the contest was halted after a conference with police officials, the dancers had been in continuous motion for 53 hours beating the Cleveland record by 44 minutes. President Harding probably will ask congress at its next session to reduce the income tax. week's disclosure that the treasury will receive this year $200,000,000 in income tax. Last week's disclosure that the treasury will receive this year $200,000,000 in income taxes more than had been expected has placed the subject before him in a decidely different light from what it stood in when every dollar available was spent before it came into the tax collector's hands. Reports were current in railroad and financial circles at St. Paul that control of the Chicago, Milwaukee & St. Paul railroad is sought by Henry Ford to facilitate distrbution of his products throughout the Northwest and Middle West, according to the St Paul Dispatch. Such a purchase would involve hundreds of millions of dollars, as the value of the road's properties is estimated at more than $500,000,000. After an investigation in the sudden raising of the price of sugar, government officials find themselves helpless to prevent the sugar gouge which is costing the people a huge sum every day. There is no doubt in the officials minds of the guilt of certain individuals, but they cannot find what they call "a point of de1 parture," in the law, from which to begin a prosecution that will stick. One man dead, another believed to 1 be dying and at least two others seriously wounded, was the outcome of a gun fight at Detroit in which emI ployees of the Bohn Foundry com1 pany successfully fought off an atI tempt by four bandits to rob them of 2 a pay roll totaling $11,821. President Harding has called the / shipping board to confer with him y on a plan for the merchant marine. 0 At this conference a decision may be 0 reached as to whether the govern00 ment will continue ship operation, S now entailing a loss of more than t $3,000,000 a month, or turn over the to merchant fleet to private control. Officials of the Chicago West Side t National bank called for police prok tection when a crowd of depositors I gathered and threatened a run on the I bank. The institution has deposits of G nearly $2,000,000. h An investigation into the propriety and the reasonableness of the present 0 surcharge placed against passengers S who use Pullman equipment and into lo the general schedule of rates charged b for Pullman car service, was institutG ed by the interstate commerce comn mission.