Fidelity Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: January 1, 1876*
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: 1a0627c1

Response Measures

None

Description

Article (New-York Tribune, Oct 6, 1888) only mentions that Fidelity Savings Bank 'went under in a panic a dozen years ago' (circa 1876). No contemporaneous run details are given in the clip; it describes a past failure during a panic, and the bank remained defunct. Bank charter type is not specified in the text, so set to unknown.

Events (1)

1. January 1, 1876* Suspension

Cause: Macro News
Cause Details: Failed during a financial panic (the article states the bank 'went under in a panic' about 12 years prior to 1888).
Newspaper Excerpt: the Fidelity Savings Bank, which went under in a panic a dozen years ago.
Source: newspapers

Newspaper Articles (1)

1. October 6, 1888 New-York Tribune New York, NY

Article from New-York Tribune, October 6, 1888

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Article Text

ANOTHER ARREST IN THE OPIUM CASE. A LAWYER OF SEATTLE IMPLICATED IN THE GREAT SMUGGLING RING. Chicago, Oct. 5 (Special).-Another sensation has been developed in the great opium smuggling case, in which Erwin A. Gardner is the defendant. The mysterious Haines, whose identity has been such a stumbling block in the way of the Government officials, has at last been found and has turned out to be no other than "Charley" Halnes, a former Justice of the Peace in Chicago, who left the town under a cloud and who is a son of Elijah M. Haines, ex-Speaker of the House of Representatives of the General Assembly. His uncle is J. C. Haines, exMayor of Chicago and also the former president of the Fidelity Savings Bank, which went under in a panic a dozen years ago. Some weeks ago the papers published several letters found in the possession of Gardner and which were written by the alleged conspirator Stone, who is under indictment in New-York, to " J. C. Haines, Seattle, W. T." The letters strongly implicated Haines in the conspiracy. Inspector Crowley was ordered to preceed at once to Washington Territory, in order to settle the question about Haines. He went there several weeks ago and found that the "Dear Haines" mentioned In the letters was none other than John Charles Haines, a member of the prominent law firm of Strave, Haines & MacMiccan, of Scattle. Crowley, last Friday, placed Haines under arrest and took him before a United States Court, where he was held over in bonds of $10,000 to appear in Buffalo on October 10, to answer to the charge of conspiracy in the Gardner opium smuggling case. Haines was the leading Justice in Chicago. He was noted at that time-1873-74-for having made more money out of that office than any man in Cook County. He was reputed to have cleared between $150,000 and $200,000 in one year.