Chicago Savings Institution & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: January 7, 1881
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: c4dfd7e4

Response Measures

None

Description

Article (Chicago Daily Tribune, 1881-01-07) describes the receiver's final report, disposal of assets, payment of receiver fees, and discharge of the receiver for the defunct Chicago Savings Institution & Trust Company. No run is mentioned; the bank is closed and in receivership.

Events (2)

1. January 7, 1881 Receivership

Newspaper Excerpt: The Receiver was also discharged, and his official bond canceled. A final decree was accordingly entered by Judge Jameson awarding the Receiver ... for his services ... The Receiver had disposed of all the assets of the defunct bank, and had at present $1,858.54 on hand, which he wanted applied toward the payment of his fees. CHICAGO SAVINGS INSTITUTION. In the case of Week vs. The Chicago Savings Institution & Trust Company, the Receiver, Watson S. Hinkley, filed a report ... the defunct bank, and had at present $1,858.54 on hand, which he wanted applied toward the payment of his fees. A final decree was accordingly entered ... The Receiver was also discharged, and his official bond canceled. (excerpted).
Source: newspapers

2. January 7, 1881 Suspension

Cause: Government Action
Cause Details: Bank was in receivership and had been shut/defunct; receiver disposing of assets under court decree
Newspaper Excerpt: In the case of Week vs. The Chicago Savings Institution & Trust Company, the Receiver, Watson S. Hinkley, filed a report stating that he had disposed of all the assets of the defunct bank
Source: newspapers

Newspaper Articles (1)

1. January 7, 1881 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, January 7, 1881

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Article Text

DISUURSEMENTY. am Account first divident $ 2,020 Account second dividend Account third dividend 128,186 Taxes 1,340 Office expenses 201 Rent estate expenses an Costs and legal expenses (63 Abstructs of title 74 Advortising and printing 2,000 Attorneys' fees. 5,000 Account of Receiver's fees 130,071 8 Balance on band 70,287 CHICAGO SAVINGS INSTITUTION. In the case of Week vs. The Chicago SavIngs Institution & Trust Company, the Recelver, Watson S. Hinkley. filed a report stating that he had disposed of all the assets of the defunct bank, and had at present 81,858.54 on hand, which he wanted applied toward the payment of his fees. A final decree was accordingly entered by Judge Jameson awarding the Receiver SI, 183.54 for his services, and S150 for expenses, and 825 to the Master in Chancery. The Receiver was also discharged, and his official bond canceled.