Northern Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: May 6, 1906
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: a7af255b

Response Measures

None

Description

Articles (May–Aug 1906) state the Northern Trust Company of Chicago goes into hands of a receiver due to large losses in San Francisco; a receiver was appointed and the bank was placed in receivership. No article describes a depositor run or reopening. Date of receivership taken from the May 6, 1906 article.

Events (1)

1. May 6, 1906 Receivership

Newspaper Excerpt: Northern Trust company of Chicago goes into hands of a receiver because of large losses at San Francisco.
Source: newspapers

Newspaper Articles (2)

1. May 6, 1906 Los Angeles Herald Los Angeles, CA

Article from Los Angeles Herald, May 6, 1906

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Article Text

PART I 1-Miners urged to return. 2-Ten killed and twenty injured. 3-Veterans may come in 1908. 4-Six thousand ask annexation. 5-6-7-8-Sports. 9-Public advertising. PART 11 2-3-Society. 4-Editorial. 5-City news. 6-Cable news. 8-Dramatic. 9-Markets. 10-Scientist's wonderful predictions. PART III 1-2-3-Real estate news. 4-Southern California news. 5-Shriners find warm welcome. 6-Depicts dessert life on canvas. 7-8-9-Classified advertisements. 10-Venice season will open May 13. PART IV Magazine section. PART V Children's magazine. PART VI Colored comic supplement. EASTERN Northern Trust company of Chicago goes into hands of a receiver because of large losses at San Francisco. Pennsylvania railroad man says Garfield report contains false accusations. FOREIGN Germans kill 400 natives in East Africa. COAST Impending food famine still commands attention of San Francisco relief committee. Communication with interior towns shows that much damage was done by earthquake in Sonoma county. LOCAL Baptists attend convention at Riverside. More than 5000 sign petition for Colegrove, East Hollywood and other suburbs favoring annexation. G. A. R. Commander-in-Chief Tanner in entertained by comrades. Shriners are arriving by every train.

2. August 3, 1906 Watertown Weekly Leader Watertown, WI

Article from Watertown Weekly Leader, August 3, 1906

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Article Text

Nine companies suffered no loss. I CHICAGO, III.. July 30.-Byron Smith resigned yesterday as receiver of the Traders' Fire of Chicago and the court appointed the State Bank of Chicago as his successor. 11. A. Haugan, the president of the bank. will be the active man in the handling of the affairs of the company. When Mr. Smith accepted the receivership early in May it was with the belief that he might be able to assist in a settlement. All hope of that apparently has been abandoned, and Mr. Smith was no longer willing to take SO much of his time from his duties as president of the Northern Trust company as the receivership required.