Leechburg Banking Company (Leechburg, PA)

Episode Information

Episode UID
612800791298
Episode Type
Suspension โ†’ Closure
Bank Type
private
Bank ID
61280079 hash
Start Date
February 17, 1908
Location
Leechburg, Pennsylvania (40.629, -79.604)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
afa8eb697b44fddf

Response Measures

None

Description

Receiver appointed by county court (Feb 17); later bankruptcy petition noted in May.

Events (3)

1. February 17, 1908 Receivership
Newspaper Excerpt
February 17 a receiver was appointed for the company by Judge Patton in the Armstrong county court.
Source
newspapers
2. February 17, 1908 Suspension
Cause
Macro News
Cause Details
Did not open due to the tight condition of the money market (tight money).
Newspaper Excerpt
The Leechburg Banking Company's bank did not open its doors yesterday. It is understood the suspension is but temporary and due to the tight condition of the money market.
Source
newspapers
3. May 19, 1908 Other
Newspaper Excerpt
An involuntary petition in bankruptcy was filed against the Leechburg Banking company of Leechburg, Pa., a large private banking institution.
Source
newspapers

Newspaper Articles (6)

Article from The Star and Newark Advertiser, February 18, 1908

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Article Text

SMALL BANKS SUSPENDED. LEECHBURG, Pa., Feb. 18.-The Leechburg Banking Company's bank did not open its doors yesterday. It is understood that the suspension is but temporary and due to the tight condition of the money market. Joseph Beale is president and Edward Hill, cashier of the bank. Both are out of the city and no statement as to the cause or condition has been made by any person with authority to speak for the bank.


Article from New-York Tribune, February 18, 1908

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Article Text

LEECHBURG (PENN.) BANK CLOSED. Leechburg, Penn., Feb. 17.-The Leechburg Banking Company's bank did not open its doors to-day. It is understood that the suspension is only temporary, and due to the tight money market. Both Joseph Beale, president, and Edward Hill, cashier, are out of the city, and no statement as to the cause or condition has been made by any person with authority to speak for the bank.


Article from The Morning Astorian, February 19, 1908

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Article Text

TIGHT MONEY MARKET. LEECHBURG, Pa., Feb. 18. - The Leechburg Banking Company's bank did not open its doors yesterday. It is understood the suspension is but temporary and due to the tight condition of the money market.


Article from Evening Star, February 28, 1908

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Article Text

Oppose a Receivership. PITTSBURG, February 28.-Papers were filed in the United States district court today by Representative J. G. Beale, Edward Hill and Daniel Kline, partners in the Leechburg Banking Company, Leechburg, Pa., denying that they or the company are insolvent. or that any acts of bankruptcy have been committed. In answer to the petitions filed against them they also oppose the effort to have a receiver appointed by the United States district court. February 17 a receiver was appointed for the company by Judge Patton in the Armstrong county court.


Article from The Forest Republican, March 11, 1908

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Article Text

Neighborhood Notes. The depositors of the Leechburg Banking Company's bank will be paid in full, according to a statement given out by the receiver, the Safe Deposit and Title Guaranty Company of Kittanning. Mrs. Ellen Stone Curtis, widow of the late Major Curtis, died at her home in Tidioute on Saturday, aged 70 years. She was a woman of superior character, and greatly beloved by all who knew her. George Withill and Alva Tenant were acquitted on a burglary charge by a Greene County jury. The chieftestimony was that they had been tracked to their homes by bloodhounds. The jury held this was not proof of guilt. The will of the late Rev. J. G. Butz, for 40 years pastor at Zelienople, was the shortest on record in Butler County. It reads: "After my death all my property belongs to my wife, Mrs. Eva Katherine Butz, and the executrix thereof. Zelienople, Pa." The expectation that John Nels Swanson, who recently killed Charles Samuelson, of Chandler's Valley, Warren County, would be tried at the present term of court, ended Wednesday when it was announced by the attorneys they would not have sufficient time to prepare the case. It will be tried in June.


Article from News and Citizen, May 27, 1908

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Article Text

HEWEEK'S NEWS Tuesday, May 19. Hugh Toland, the actor, died suddenat Germantown, a Pkiladelphia burb. He was 39 years old. Oscar L. Nelson, John J. Killian and orge F. Gilmore were given life sences for the murder of Druggist arles E. Bushee of Somerville, Mass. Tammany Hall will be represented the Democratic national convention Denver by a delegation 650 strong. Alton B. Parker, the presidential ndidate for the Democratic party in 04, was admitted to practice before ) supreme court of the United States. An involuntary petition in bankptcy was filed against the Leechrg Banking company of Leechburg, ., a large private banking institution. C. F. Patterson was appointed rever for Carothers & Co., one of the gest brokerage firms in Pittsburg. Autopsies on seven unidentified bodexhumed from Mrs. Belle Gun. ss' private burial ground were comted at La Porte, Ind., and they realed the fact that one of the seven is a female. Hope for schooner J. H. Chaffee, ich sailed from Perth Amboy. N. J., Boston April 9 with five men on ard. has been abandoned. Steamer Kronprinz Wilhelm, which led from New York for Cherbourg d Bremen. carried $8,350,000 in gold. The health of Former President Gro . Cleveland has improved to such an tent that his doctors have entrusted : care of Cleveland wholly to his famMae C. Wood. testifying in her suit absolute divorce from United States nator Thomas C. Platt. asserted that no Half 01 secretty SUM a 1061 '6 'A Wednesday, May 20. Former President Grover Cleveland ows steady improvement, according a statement issued for Mrs. Cleve1 d. verdict in favor of Professor ilippe B. Marcon, recently of Harrd university. was brought in by a y in the $25,000 breach of promise t brought against him by Miss Annie nley, a Boston negress. Rioting became serious in the street lway strike at Cleveland. A 4-yearhead team put put ะดำ™ะปะพ una SUM [ap] ered by a car operated by an inexrienced motorman. The motorman uld have been lynched had he not ned on full speed and escaped. Arrested on complaints alleging that ring the past two years he had deuded New England farmers out of proceeds from the sale of $100,000 rth of apples, Walter Mills was ked up at New York. \ family estrangement culminated the murder of George E. Sterry, a w York millionaire drug exporter, by son, George E. Sterry, Jr., and the cide of the latter. The determina1 of the father to remarry led to the High gedy. government officials at Washton are alleged to have conspired to ain possession of love letters said have been written by Senator ThomC. Platt to Mae C. Wood. Congress passed the bill appropriat$1,500,000 for participation by the ited States in the international expoon to be held in Tokio in 1912. ohn A. Martinson, a granite manuturer, was killed by the fall of a der: in his quarry at Barre, Vt. England has withdrawn the conar exquatur of John H. Shirley. the sular representative of the United tes at Charlottetown, P. E. I. Edward will spend a week