gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
542253e67b77e776
Response Measures
None
Description
Firm described as bankers and brokers that filed an assignment and entered voluntary bankruptcy; receiver appointed.
Events (2)
1.February 10, 1909Receivership
Newspaper Excerpt
T. H. Bushnell ... in a later action in voluntary bankruptcy in the United States court, also was appointed receiver.
Source
newspapers
2.February 10, 1909Suspension
Cause
Voluntary Liquidation
Cause Details
Deed of assignment in insolvency court and voluntary bankruptcy filed, attributed to general business depression and illness of senior partner.
Newspaper Excerpt
Lamprecht Brothers & Co., bankers and brokers, filed a deed of assignment in the insolvency court.
Source
newspapers
Newspaper Articles (10)
1.February 10, 1909Evening StarWashington, DC
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Article Text
CLEVELAND BANK FAILS. Lamprecht Brothers & Co. Make an Assignment. CLEVELAND, February 10.-Lamprecht Brothers & Co., bankers and brokers, filed a deed of assignment in the insolvency court. The only reason given for the assignment was "general business depression." Lamprecht Brothers & Co. are members of the New York Stock Exchange. the Chicago Board of Trade, the Chicago Stock Exchange, the Cleveland Stock Exchange and the Toledo Stock Exchange. The concern occupies an entire floor in the big Rockefeller building. Up to two years ago the company did an extensive brokerage and bond business. The company was also prominent in the financing of several interurban electrict railway. Since the panic of October, 1907, the company has suffered a great loss of business, which culminated in the assignment yesterday. From the best information obtainable it is learned that no one will probably suffer loss outside of the members of the company as a result of the failure Assignee Bushnell said no statement could be made prior to an examination of the books of the company as to the total assets or liabilities
2.February 10, 1909Rock Island ArgusRock Island, IL
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Article Text
BANK FAILS FOR MILLION Lamprecht Bros. & Co. of Cleveland Forced to Make Assignment. Cleveland, Feb. 10.-With liabilities running close to $1,000,000, the firm of Lamprecht Bros. & Co., bankers and brokers, yesterday made an assignment in the state court to T. H. Bushnell, who, in a later action in voluntary bankruptcy in the United States court, also was appointed receiver. The immediate cause for the assignment, it is stated, was the illness of the senior member, W. H. Lamprecht, who was stricken with partial paralysis two months ago, thereby preventing him from giving attention to the business. Receiver Bushnell says there will be considerable loss to creditors .
3.February 10, 1909The Salt Lake HeraldSalt Lake City, UT
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Article Text
BANKERS INSOLVENT. Lamprecht Brothers & Co. of Cleveland Make Assignment. Cleveland. O., Feb. 9.-Lamprecht Bros. & Co., bankers and brokers, filed a deed of assignment in the insolvency court today. The assignment was made to T. H. Bushnell. The assets were stated to be $50,000 above the liabilities. The only reason given for the assignment was "general business depression.' Lamprecht Bros. & Co. are members of the New York stock exchange, the Chicago board of trade and in the Chicago, Cleveland and Toledo stock exchanges. The concern occupies an entire floor in the big Rockefeller building. Since the panic of October, 1907, it has suffered a great loss of business.
4.February 11, 1909Iowa County DemocratMineral Point, WI
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Article Text
FAILURE FOR A MILLION. Cleveland Bankers Make Assignment -Receiver Appointed. Cleveland, O., Feb. 10.-With liabilities rnnning close to a million dollars, Lamprecht Brothers & Co., bankers and brokers, of this city, yesterday made an assignment and later a receiver was named in the United States court. A statement of the exact amount of the assets and liabilities cold not be secred last night. It was stated in a general way, however, that the liabilities would be close to $1,000,000. and that there would be considerable loss to creditors.
CLEVELAND BANKERS FAIL FOR MILLION Cleveland, O., Feb. 11.-With liabilities running close to a million dollars, the firm of Lamprecht Bros. and company, bankers and brokers, have male any use gnment in the state count to T. H. Bu hnell, who, in a later action in voluntary bankruptcy in the United States court, also was appointed receiver. Efforts to obtain an approximate idea of the assets and obligations of the firm resulted only in the statement by Receiver Bushnell, after a hurried examinat on of the books, that he was unable to fix definite amounts, but the liabilities would, in his opin ion, run close to the million mark. The immediate cause of the assignment, It was stated, was the Miness of the senior member, W. H. Lamprecht, who was stricken with partial paralysis two months ago thereby preventing him from giving his attention to the business.
6.February 12, 1909Watertown LeaderWatertown, WI
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Article Text
BANKERS FAIL FOR A MILLION. Lamprecht Brothers & Co. of Cleveland Forced to Make Assignment. CLEVELAND. O., Feb. 10.-With liabilities running close to $1,000,000, the firm of Lamprecht Brothers & Co., bankers and brokers. have made an assignment in the state court to T. H. Bushnell. who. in a later action in volun tary bankruptcy in the United States court, also was appointed receiver. The immediate cause of the assignment, it is stated, was the illness of the senior member, W. H. Lamprecht, who was stricken with partial paralysis two months ago, thereby preventing him from giving attention to the business
CLEVELAND BROKERS MAKE ASSIGNMENT Prior to Recent Panic Firm Did an Immense Business. Cleveland, Feb. 10.-Lamprecht Bros. & Co., bankers and brokers, filed a deed of assignment in the insolvency court. The assignment was made to T. H. Bushnell. The assets were stated to be $50,000 above the liabilities. The only reason given for the assignment was "general business depression." Lamprecht Bros. & Co. are members of the New York Stock Exchange, the Chicago board of trade, the Chicago Stock Exchange, the Cleveland Stock Exchange and the Toledo Stock Exchange. The concern occupies an entire floor in the big Rockefeller building. Up to two years ago the company did an extensive brokerage and bond business. The company was also prominent in the financing of several interurban electric railways. Since the panic of October, 1907, the company has suffered a great loss of business, which culminated in the assignment. From the best information obtainable it is learned that no one will probably suffer loss outside of the members of the company as a result of the failure. Assignee Bushnell said no statement could be made prior to an examination of the books of the company as to the total assets or liabilities.
8.February 13, 1909Chicago EagleChicago, IL
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Article Text
# BROKERS FAIL FOR A MILLION.
Lamprecht Brothers & Co. of Cleveland Forced to Make Assignment.
With liabilities running close to $1,000,000, the firm of Lamprecht Brothers & Co., bankers and brokers of Cleveland, made an assignment in the State court to T. H. Bushnell, who, in a later action in voluntary bankruptcy in the United States Court, also was appointed receiver. The immediate cause for the assignment, it is stated, was the illness of the senior member, W. H. Lamprecht, who was stricken with partial paralysis two months ago, thereby preventing him from giving attention to the business. Received Bushnell says there will be considerable loss to creditors.
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CUSTOMERS TO SUSTAIN LOSS Cleveland Firm Has Liabil= ities of $1,250,000. BANK'S LOANS SECURED Greater Part of the Assets of Lamprecht Bros. & Co., Defunct Brokers, Is Put Up as Security for Money Borrowed, Leaving Little for the Creditors Who Were Dealing Through the Concern. Cleveland, Feb. 13.-Receiver Bushnell states that in his opinion the liabilities of the defunct firm of Lamprecht Bros. & Co., bankers and brokers, would reach approximately $1,250,000. The assets, he said, would fall far below this amount and as a result the customers of the house would doubtless suffer heavy loss. "All the banks are fully secured," said Mr. Bushnell, "and they will not lose a dollar. It is not as if the assets were to be equally distributed. In this case the greater part of the assets have been used to obtain loans to take care of the difficulties in which the Lamprecht concern found itself prior to the failure. The stocks and shares so used are thus taken out of calculations for the general liabilities, leaving the loss to be borne by that portion of creditors who were customers."
10.February 18, 1909The Plymouth TribunePlymouth, IN
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Article Text
BROKERS FAIL FOR A MILLION. Lamprecht Brothers & Co. of Cleveland Forced to Make Assignment. With liabilities running close to $1,000,000, the firm of Lamprecht Brothers & Co., bankers and brokers of Cleveland, made an assignment in the State court to T. H. Bushnell, who, in a later action in voluntary bankruptcy in the United States Court, also was appointed receiver. The immediate cause for the assignment, it is stated, was the illness of the senior member, W. H., Lamprecht, who was stricken with partial paralysis two months ago, thereby preventing him from giving attention to the business. Received Bushnell says there will be considerable loss to creditors.
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