823. All Night & Day Bank (Los Angeles, CA)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
May 2, 1910
Location
Los Angeles, California (34.052, -118.244)

Metadata

Model
gpt-5-mini
Short Digest
586017ec

Response Measures

Accommodated withdrawals, Public signal of financial health, Books examined

Other: Invoked 30-day notice on savings withdrawals; served food to those in line.

Description

A public two-day run occurred May 2-3, 1910 triggered by a published announcement (reported refusal of admission to the clearing house) and was quelled after state bank commissioner Alden Anderson publicly declared the institution solvent. Several months later (Oct 1910) litigation over control and an impairment of capital led the state superintendent to take charge and close the bank; receivership/legal actions followed. Classification: run preceded suspension by state action and bank remained closed/under receivership.

Events (3)

1. May 2, 1910 Run
Cause
Rumor Or Misinformation
Cause Details
Bank president attributed the run to a published announcement that the bank had been refused admission to the Los Angeles clearing house.
Measures
Bank served sandwiches and coffee to those in line; issued president's statement assuring solvency; paid out funds while also receiving deposits; invoked 30-day notice on savings withdrawals.
Newspaper Excerpt
One of the most unique runs ... started on the All Night and Day bank at 8 o'clock this morning ... President Newton J. Skinner issued a statement ... that every depositor would be paid dollar for dollar and that the institution was solvent.
Source
newspapers
2. October 15, 1910 Receivership
Newspaper Excerpt
Alden Anderson, state superintendent of banks, took charge last night of the All Night and Day bank. ... If the differences are not settled the bank's holdings will be liquidated. The litigation followed a run several months ago ... the bank is capitalized at $200,000.
Source
newspapers
3. October 15, 1910 Suspension
Cause
Government Action
Cause Details
State superintendent of banks closed the bank amid litigation over control of the institution and discovered impairment of capital stock; action taken to protect depositors while management disputes and adjustments continued.
Newspaper Excerpt
The All Night and Day bank was closed at 10 o'clock last night by order of Alden Anderson, superintendent of banks of California. Mr. Anderson ... said last night that the bank was solvent ... The bank was closed ... for the protection of the depositors and would probably remain closed for several days until the adjustment of the management of the bank.
Source
newspapers

Newspaper Articles (17)

Article from Arizona Republican, May 3, 1910

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AN ALL NIGHT RUN ON DAY AND NIGHT BANK SOMEBODY STARTED SCARE IN LOS ANGELES. The Bank Officials Served Lunch to Those in Line. Los Angeles, May 2.-One of the most unique runs in the history of banking started on the All Night and Day bank at 8 o'clock this morning. and at midnight there was still a line of several hundred in waiting. President Newton J. Skinner issued a statement at midnight in which he said that every depositor would be paid dollar for dollar and that the institution was solvent. He also claims that many in the line are not depositors, but simply holding positions in the hope of selling them. Skinner attributes the run to a published announcement to the effect that the bank had been refused admission to the Los Angeles clearing house. Because of its method of doing business day and night. the bank could not close at any time of the day. and for this reason became liable to a constant line. which greatly increased late in the afternoon. As many as 700 were in line at 6 o'clock, but the number decreased slightly toward midnight. The indications are that many will remain in line all night. At 6 o'clock the bank served sandwiches and coffee to those in line. Skinner's statement says the bank has $750,000 available cash and many are manifesting their faith by depositing. The estimates are that up to 11 o'clock tonight $125,000 had been paid out while $75,000 had been deposited. The bank has taken advantage of the law which permits it to insist upon a thirty-day notice of withdrawal of savings accounts.


Article from Los Angeles Herald, May 3, 1910

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HE All Night and Day Bank has 24,000 accounts. Less than one-fortleth of T its patronage was represented in the run yesterday, according to the bank's officials. One man dropped dead in the bank yesterday afternoon after depositing $300 in the institution to prove his confidence in it. More deposits were being received at 3 (Continued on Page Three)


Article from The San Francisco Call, May 3, 1910

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INDEX OF THE SAN FRANCISCO CALL'S NEWS TODAY TELEPHONE KEARNY 86 TUESDAY, MAY 3, 1910 EDITORIAL Appropriations tremble in balance. Page 6 Queer objections to direct primary. Page 6 Roosevelt cry heard at White House, Page 6 Uncertain political future of congress. Page 6 POLITICAL Governor Gillett ducks primary fight. slipping machine program to Warren Porter. Page 4 CITY New chief of forest service arrives on official visit. Page 9 Ladies' kennel association seats officers elected by faction. Page y The Knights of the Royal Arch meet in an nual convention. Page 2 Engineer Foster contributes expert services free to Ocean Shore. Page 16 Supervisor Walsh denounces slaughter by Unit ed Railroads streetears. Page 4 Juvenile aviators practice for aviation contest Page 3 at Auditorium May 19-21. U. S. District Judge de Haven will take long Page 16 rest. spending time in country. Inspectors begin investigation into cause of wreck of steamship Santa Clara. Page 10 Builders' exchange subscribes $43,000 in 32 2 minutes to Panama-Pacific exposition. Page Wife in second suit against H. H. Norwood asks for $300 a month separate mainten ance. Page 7 City Attorney Long sends brief to Secretary Ballinger defending city's right to Heteb Hetchy, Page 16 SUBURBAN Council defers action on water rates agreement. Page a Berkeley women to give "As You Like It'' in Claremont bills. Page Berkeley Greek department to present class drama in English. Page 8 Incorrigible boy tired of confinement makes an other break for liberty. Page 8 Mrs. Clarence Trowell entertains young mat rons at Linda Vista home. Page 8 Children sue to break mother's will which leaves $21,000 to stepfather. Page 9 Mrs. Harry Dreyer sues for divorce. alleging husband borrowed too often. Page 8 High school students said to have joined fraPage s ternities in spite of the law. Director Parker and Secretary Maunder accused of cheating Suburban realty company Page a George W. Langan. an Oakland attorney, is run down by train at Vallejo Junction. Page 9 COAST Man sits on hat pins and starts panic in mor ing picture show. Page 5 All Night and Day bank of Les Angeles with stands short run. Page 4 Beauty doctor buys home of oculist, he packs his clothes and leaves. Page a Hillsborough's town marshal finds discretion Page it the better part of valor. Board of education drops investigation of 1 rumors at Santa Clara high school. Page EASTERN Lightning starts fire ip oil tank containing 35.000 barrels. Page 1 Administration railroad legislation doomed to Page 1 defeat in senate. Mayor Gayner welcomes Westen in New York at end of long walk. Page 3 Storms in Kansas claim one life: lower temper ature follows heavy rains. Page 5 Supreme court affirms decisions against Stand ard oil and lumber combine. Page 1 President Taft in speech in Pittsburg takes Page 1 pride in his choice of Knos. Samuel Gompers in an address urges farmers' unions to unite with labor unions. Page 3 Secretary Ballinger denies rumor that he con Page 3 templates resigning from cabinet. SPORTS If felt any better I wouldn't know what to Page 10 do, says Jeffries Goldfinn wins handicap and four favorites finish first at Emeryville, Page 10 Marquis in Isotta pilots car to victory in 105 Page 11 mile race at Coalinga. Series this week to decide whether Senator Page 11 or Oaks occupy cellar. Representatives of Jeff and Johnson to discuss Page 10 referee question today. District Attorney Donahue finds law not clear on what is a prize fight. Page 10 Best oarsmen about the bay to participate in regatta of amateur clubs. Page 10 Aeroplane driven by Charles K. Hamilton routs auto racer on Georgia track. Page 10 Jockey Carroll Shilling reinstated by New York jockey club after suspension. Page 10 E. Simpson. tail ender in the pool tourney, Pake surprises by defeating leader. R. P. Prentiss and R. J. Fraser win honors of Page 11 National revolver association. Mechanical Arts and Lowell school athletes Page 10 plan dual track meet Saturday. Cincinnati National league game protested by both sides though Cincinnati won. Page 11 MARINE Trans-Pacific passenger travel is growing in volume. Page 15 NEW BILL CREATES


Article from The Topeka State Journal, May 3, 1910

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CAMP AT BANK DOOR. Depositors Remain in the Street All Night. Los Angeles, Cal., May 3.-Maintaining their weary vigil on chairs or boxes, a long line of depositors camped throughout the night on the street before the All Night and Day bank, on which a "run" was started yesterday. A section of the thoroughfare had been roped off and coffee and sandwishes were provided by the bank management. President Skinner of the bank asserted today that the funds of the institution had been depleted only a few thousand dollars because of the "run." Assurance by State Bank Examiner Anderson that the bank was solvent allayed the fears of the depositors to some extent, but did not diminish the numbers of those in line. Pretending they were depositors numbers of men and boys did a thriving business during the night by selling their places in the line. As high as $25 was paid for a place near the head of the line.


Article from Arizona Republican, May 4, 1910

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BANK DEPOSITORS WERE REASSURED The Troubles of Los Angeles Day and Night Bank Are Over. Los Angeles, May 3.-The two-day run on the All Night and Day bank ended tonight. The line of hundreds of depositors who had stood continually for thirty-six hours, melted almost as suddenly as it had formed Sentiment reversed and instead of flowing out. the stream of gold began coming in... Before midnight many thousands were re-deposited The announcement of Alden Anderson, the state bank commissioner. that the institution was solvent reassured the anxious patrons. Anderson's statement was published in the afternoon papers, and as soon as its purport became known to the anxiote crowds the line that skirted the curbs for blocks beyond the bank's doors faded away. At 8:15 o'clock wholesale withdrawals ceased The policement present to maintain order were sent back to the station. the doors were thrown open. and after that tellers at the receiving windows became busy for the first time since Saturday.


Article from Los Angeles Herald, May 4, 1910

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LOS ANGELES Chamber of commerce excursion to San Fernando valley and Sespe oil field PAGE 9 will leave May 19. H. H. Crass, Chicago artist, sues estate of E. J. Baldwin for $22.150 he PAGE 1 claims is due for paintings, Maud Allan will sell tags to help swell PAGE 9 Associated Charities fund. Council orders removal of old Naud station from public street to make room 9 for double track for car line. PAGE John L. Beverldge, former governor of Illinois, dies at home in Hollywood. PAGE 9 Richard Murray, penniless and starving. PAGE 1 jailed for stealing wheel. Run on All Night and Day Bank is broken after 40 hours; many redePAGE 1 posit their money. Census enumerators will complete task of counting Los Angeles tonight. PAGE 9 Engstrum Co. given contract to build Exposition building in Agricultural PAGE 10 park. Health board declares hydrophobia epidemic imminent, and appeals for a strict enforcement of muzzling ordiPAGE 10 nance. Uncle Sam begins fight to regain access to PAGE 5 Rindge estate. Note raising charges make woman quarry. PAGE 8 Council ordered to remove garbage transPAGE 8 fer station. Judge James' ruling ends row in Big Sespe PAGE 8 Oil company. Churchmen made hot by row over pastors at Congregational conference. PAGE 2 Cop chases biker on bicycle and makes PAGE 2 arrest. PAGE 12 Editorial. . Marriage licenses, births, deaths. PAGE 14 PAGE 13 Society, clubs, music. PAGE 13 City brevities. PAGE 13 In hotel corridors. PAGE 13 Noted men and women. PAGE 8 News of the courts. PAGE S Municipal affairs. PAGE 7 Markets and financial. PAGE 6 Sports. PAGES 14-15 Classified advertising. PAGE 7 Citrus fruit report. PAGE 11 Building permits. PAGE 10 Shipping PAGE 5 Theaters. SOUTH CALIFORNIA City Treasurer Bane of Santa Monica gone; PAGE 1 $7000 from treasury missing. Pasadenan buildings home-made telescope and invites friends to attend a "comet PAGE 14 party. Pasadena woman, fearing insanity, kills self by slashing throat with Husband's PAGE 14 razor. Long Beach pedagogues, expecting raise, PAGE 5 find salaries reduced. Plans for enlarging Santa Fe shops at PAGE 5 San Bernardino approved. COAST Two Los Angeles men are accused of misapplication of railroad funds. PAGE 1 A. K. Detweiler, indicted in March, 1907, on bribery charge in San Francisco, surPAGE 2 renders. EASTERN Police of New York raid Mystic Temple of "Om" and arrest young man from PAGE 9 Indiana. Dr. Hyde favored in testimony of expert PAGE 2 witness at Swope murder trial. President Taft unveils statue of Theodore Thomas at Cincinnati. PAGE 3 Chicago grand jury will probe charge of corruption in election of Senator PAGE 2 Lorimer. Each house of congress bores holes in sepPAGE 1 arate railroad measures. FOREIGN Roosevelt leaves Copenhagen for Christiania, where he will deliver address. PAGE 2 MINING AND OIL PAGE 11 Mines and oil fields. Pickett bill aims to deprive people of their rights, says Thomas A. O'DonPAGE 11 nell. Midway Premier plans extensive field PAGE 11 work. Clara Consolidated smelter blows in first furnace with splendid results. PAGE 11 California Midway increases its pro-


Article from Tonopah Daily Bonanza, May 4, 1910

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RUN HAS STOPPED ON, LOS ANGELES BANK By Associated . Press. LOS ANGELES, May 3.-The two days run on the All Night and Day bank ended tonight. According to a statement issued by the president tonight the bank lacks less than one hundred thousand of the $1,250,000. of the deposits when the run started.


Article from Daily Arizona Silver Belt, May 4, 1910

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All Night Bank Withstands Run After Two Days Gold Begins to Flow Back on Good Report of Bank Commissioner LOS ANGELES, Cal., May 3.-The two-day run on the All Night and Day bank ended tonight. The line of hundreds of depositors who had stood continually for thirty-six hours, melted almost as suddenly as it had formed. Sentiment, reversed, and instead of flowing out, the stream of gold began coming in. Before midnight, many thousands were re-deposited. The announcement of Alden Anderson, state bank commissioner, that the institution was solvent reassured the anxious patrons. Anderson's statement was published in the afternoon papers, and as soon as the purport became known to the anxious crowds the line that skirted the curbs for blocks beyond the bank doors faded away. At 8:15 o'clock wholesale withdrawals ceased. Policemen present to maintain order were sent back to the station, the doors were thrown open, and, after that, the tellers at the receiving station became busy for the first time since Saturday.


Article from The Salt Lake Tribune, May 4, 1910

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BOYS MAKE MONEY OUT OF RUN ON BANK LOS ANGELES, May 3.-Maintaining their weary vigil on chairs, boxes or even the hard curbstones, a long line of depositors camped throughout the night on the street before the All-Night and Day bank, on which a "run" was started yesterday. A section of the thoroughfare had been roped off and coffee and sandwiches were provided by the bank management. President Skinner of the bank asserted today that the funds of the institution had been depleted only a few thousand dollars because of the "run." Assurances by State Bank Examiner Anderson that the bank was solvent allayed the fears of the depositors to some extent, but did not diminish the numbers of those in line. Pretending that they were depositors, numbers of men and boys did a thriving business during the night by selling their places in the line to the highest bidder. As high as $25 was paid for a place near the head. The two-day run on the All-Night and Day bank ended tonight. The line of hundreds of men and women depositors who had stood continuously for thirtysix hours melted almost as suddenly as it had formed yesterday morning. Before midnight many thousands of dollars withdrawn but a few hours before had been redeposited. The announcement of Alden N. Anderson, state bank commissioner, that the institution was solvent, reassured the anxious patrons, At 6 o'clock the wholesale withdrawals had ceased. The police who were present to keep order were sent back to the station house, the doors were thrown open. and after that the tellers at the receiving windows became busy for the first time since Saturday. According to the statement issued tonight by Newton Skinner, president of the bank, the bank now lacks less than $100,000 of the $1,250,000 of deposits which it had when the run started. At midnight President Skinner, Cashier Connor and other officers of the bank went home to take the first sleep they have had since Sunday night.


Article from Los Angeles Herald, October 14, 1910

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MAY CHANGE DIRECTORATE ALL NIGHT: AND DAY BANK Report Represents Institution Is Operated at Loss A reorganization of the directorate of the All Night and Day bank is contemplated in a petition filed in Judge Conrey's court yesterday by the Title Insurance and Trust company, receiver for 1155 shares of the bank's stock. This report represents that the bank is being operated at a daily loss of $100, or $3000 a month; that its affairs are improperly managed and conducted, and its capital seriously impaired under the present management. Permission was granted for the receiver to vote the 1155 shares of stock at a stockholders' meeting scheduled for today, to secure a new management and a new board of directors. The matter is an outgrowth of the recent suit of Hugh Blue, trustee, against the All Night and Day bank, in which Blue obtained an order for the transfer of the stock certificates from the names of former stockholders to his own. Subsequently the receiver was appointed to hold the stock pending the outcome of an appeal to the supreme court. The receiver alleges that W. J. Conner, secretary of the bank directors, refused to call a meeting, and therefore the receiver caused one to be called, set for today. The purpose of the meeting will be to remove the present directors, including Newton J. Skinner, president, and to put in a new board. The stock held by the receiver represents a majority of the issued stock of the concern.


Article from Los Angeles Herald, October 14, 1910

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MAY CHANGE DIRECTORATE ALL NIGHT: AND DAY BANK Report Represents Institution Is Operated at Loss A reorganization of the directorate of the All Night and Day bank is contemplated in a petition filed in Judge Conrey's court yesterday by the Title Insurance and Trust company, receiver for 1155 shares of the bank's stock. This report represents that the bank is being operated at a daily loss of $100, or $3000 a month; that its affairs are improperly managed and conducted, and its capital seriously impaired under the present management. Permission was granted for the receiver to vote the 1155 shares of stock at a stockholders' meeting scheduled for today, to secure a new management and a new board of directors. The matter is an outgrowth of the recent suit of Hugh Blue, trustee, against the All Night and Day bank, in which Blue obtained an order for the transfer of the stock certificates from the names of former stockholders to his own. Subsequently the receiver was appointed to hold the stock pending the outcome of an appeal to the supreme court. The receiver alleges that W. J. Conner, secretary of the bank directors, refused to call a meeting, and therefore the receiver caused one to be called, set for today. The purpose of the meeting will be to remove the present directors, including Newton J. Skinner, president, and to put in a new board. The stock held by the receiver represents a majority of the issued stock of the concern.


Article from Deseret Evening News, October 15, 1910

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TAKES CHARGE OF L. A. ALL NIGHT AND DAY BANK I Los Angeles, Cal., Oct. 15.-Alden Anderson, state superintendent of banks, took charge last night of the All Night and Day bank. His action was the climax of litigation extending over a period of several months and centering in an effort to oust President Newton J. Skinner and the other officers of the Institution. The bank is solvent, according to the superintendent's announcement and the depositors will not lose anything. If the differences are not settled the bank's holdings will be liquidated. The litigation followed a run several months ago, Skinner and M. J. Conner, the cashier, deposited a majority of the bank stock to secure loans aggregating $90,000 obtained from L. C. Brand, president of the Title Guarantee & Trust company and others. The loans were called and Skinner and Conner did not satisfy the claims. Upon the authority of the superior court, a stockholders' meeting was called yesterday at which Brand was elected president. Skinner refused to surrender control and Mr. Anderson thereupon assumed charge. The bank is capitalized at $200,000.


Article from Los Angeles Herald, October 15, 1910

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NIGHT AND DAY BANK IS CLOSED State Superintendent Takes Charge-Declares All Deposits Absolutely Safe SKINNER HAS GUN HANDY Deposed President Was Prepared to Hold Fort with Arms and Ammunition The All Night and Day bank was closed at 10 o'clock last night by order of Alden Anderson, superintendent of banks of California. Mr. Anderson, who arrived in Los Angeles yesterday, said last night that the bank was solvent and there was no danger of the depositors losing their money. The bank was closed, he said, for the protection of the depositors and would probably remain closed for several days until the adjustment of the management of the bank. The controversy between Newton J. Skinner, president of the bank, and a newly elected board of directors, who, it is alleged, would oust him from the presidency, is given as the direct cause of the closing of the bank. It was stated last night that Skinner and his associates had taken means to hold their quarters by stocking the bank with arms and ammuniation. Skinner worked at his desk last night with a revolver within easy reach. Several men were employed by him, it is said, to guard the building and keep out what he termed "the undesirable element.' Alden Anderson, in a statement to The Herald last night, said: 'Thave kept in close touch with the affairs of the bank long before the run on it and I am in a position to say that it is perfectly solvent and that there is not the slightest danger of any one losing any money they have deposited there. Its total deposits on hand are $945,000. I have locked it in the safe. There is not the slightest suspicion of any irregularity in the financial affairs of the bank. It loans have been conservative. MUST BE ONE HEAD "I merely closed the bank because there were two sets of officials giving orders and it was to the interest of the depositors and in line with my duty to close the institution until matters had been adjusted. The bank probably will remain closed two or three days, I can not say positively. There must be one head to the bank when it opens." Mr. Skinner, in a statement to The Herald last night, said he believed an injustice had been done himself, the bank and the depositors by Mr. Anderson's action. "It was hasty and without notice to ourselves and one thing I can not understand is why Mr. Anderson spent the afternoon with the new board of directors, who were elected at a rump convention, and who desire to oust me from the management of the bank, and why these same men were appointed by Mr. Anderson tonight to guard the doors of the bank and assume temporary charge of the building," said Mr. Skinner. 'According to article 134 of the banking laws there is provision to the effect that if the superintendent of banks believes a bank has done anything not in accord with good banking he shall serve written notice on that bank to show cause before him at a certain time and place to be fixed by him why such an act was done and why the law has not been obeyed. We have had nó such notice, but were jumped on like a shot out of a gun. "I will be in communication with my counsel, although I am an attorney myself tomorrow, and as soon as papers can be drawn up will file application to force him to open our doors.' The closing of the doors of the bank last night attracted a crowd, and depositors were soon clamoring for admittance. A strong guard had been placed in the building and around the outside, however, both by Anderson and Skinner. It was rumored earlier in the eventhat the newly elected board of directors intended to enter the place by force and assume charge of affairs, and this is what caused Skinner to place armed men about the building.


Article from The Evening Standard, October 15, 1910

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LOS ANGELES BANK IS CLOSED BY LITIGATION Los Angeles, Cal., Oct. 15.-Alden Anderson. state superintendent of banks, took charge last night of the All-Night & Day bank. His action was the climax of litigation extending over a period of several months and centering in an effort to oust President Newton J. Skinner and the other officers of the institution. The bank is solvent, occording to the superintendent's announcement, and the depositors will not lose anything If the differences are not settled, the bank's holdings will be liquldated The litigation followed a run sev. eral months ago. Shinner and M. J. Conner, the cashier, deposited a majority of the bank stock to secure loans aggregating $90,000 obtained from L. C. Brand, president of the Title Guarantee & Trust company and others. The loans were called and Skinner and Conner did not satisfy the claims. Upon the authority of the superior court a stockholders' meeting was called yesterday at which Brand was elected president. Skinner refused to surrender control and Mr. Anderson thereupon as sumer charge. The bank is capitalized at $200,000.


Article from Los Angeles Herald, October 16, 1910

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STATES REASONS FOR CLOSING BANK Anderson Says Capital Stock of Night and Day Institution Impaired ASSERTS DUE WARNING GIVEN Business May Be Closed Permanently-Assets Are Ample to Pay Depositors in Full An impairment in the capital stock of the All Night and Day bank, discovered eight months ago, and the failure of President Skinner and Cashier Connor to comply with his orders by putting up enough money to remove the impairment, after repeated warnings, was given by Alden Anderson, state superintendent of banks, yesterday, as his reason for closing the doors, of the institution Friday, night. In reply to Skinner's accusation that he had closed the bank without warning, Mr. Anderson said yesterday: "I did not act hastliy in the matter. I carefully considered every phase of it before I acted. Eight months ago, when Skinner was in the east, I. discovered an impairment in the capital stock. I notified Corron, but save for shifting accounts and book entries there was nothing done in compliance with my orders. I warned them four days ago that they must put up the money or I would close the bank. "I have been in constant touch with the affairs of the bank and have had a man watching things long before the run on the bank some months ago. I was familiar with every phase of the situation. After I had warned them that they must remove the impairment in the capital stock they knew the fate that was awaiting them if they did not make good the shortage. TAKING NO CHANCES "I did not and do not want to tie up the depositors' money, but I will not take the chance of them losing it. "I have closed fourteen banks and I cannot afford to make a mistake anywhere. "I will be forced to close the institution permanently if the old officials maintain control, for they have been unable to comply with my orders. "If the court rules in favor of the officers elected at the meeting Friday, and they put up the money necessary to comply with my orders, then I may allow the bank to reopen." Skinner and Connor, deposed president and cashier of the institution, were not in the bank yesterday afternoon. Connor is said to have been in a hysterical condition Friday night, following the closing of the bank, and to have been confined to his home Saturday. Little groups of disconsolate depositors gathered in front of the bank building at Sixth and Spring streets yesterday and stared vacantly at a notice plastered on the doors, reading: "Closed by the state superintendent of banks until further notice." Mr. Anderson said yesterday that it is probable the bank will be opened in several days. He added that despite the impairment of capital which he discovered, depositors will lose nothingthat the bank's assets are ample to pay them in full. 1++


Article from Los Angeles Herald, November 18, 1910

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RECEIVER OF BANK IS DISCHARGED BY COURT All Night and Day Institution Figures in Three Legal Proceedings Court porceedings involving the All Night and Day bank yesterday were the discharge of the receiver of the institution, the dismissal of a notice of appeal in the matter and the filing of a suit for damages against the concern. Judge Conrey discharged the, Title Insurance and Trust company as receiver in the action of Hugh Blue, trustee, against the bank, asking no accounting of its management. It was ordered only to return to the bank the certificate for the 1155 shares of capital stock in the concern, which has been the bone of contention between two financial factions fighting for the control of the institution, and which left the possession of the original directors of the bank when it was pledged to secure a loan of about $120,000. It was because of the loan, which never was returned, and the consequent sale of the stock, that the suit of Hugh Blue, who as trustee bought the stock, against the old directors of the bank, headed by Newton J. Skinner, president, was begun. Then followed various other actions in which the Skinner faction was opposed to the new set of officers, headed by L. C. Brand. The dismissal of the notice of appeal in the case of Blue against the bank, in which he sought to have the old officials credit him on their books with the 1155 shares of stock; the discharge of the receiver; the return of the stock, as Blue desired, to the bank, and the recent decision of Judge Hervey to the effect that the new directors are in rightful possession of the institution, indicate that there is at least a temporary cessation of hostilities. The suit for damages against the institution filed yesterday was that of E. Milton White, he asking $1000 because the bank is alleged not to have cashed a check he drew upon it. White, who is a mining engineer and the superintendent," general manager and, acting treasurer of the Warrior Copper company, the property of which is situated at Black Warrior, Ariz., claims he had more than enough funds in the All Night and Day bank September 11, 1910, when he drew a check for $40 in favor of Mrs. M. L. White and caused it to be delivered to her at her residence in Philadelphia. She indorsed it and gave it into the Centennial bank of Philadelphia for collection. That institution forwarded it to the Crocker National bank in San Francisco. That concern sent it to the First National bank of Los Angeles. A representative of the last named institution called at the All Night and Day bank to have it cashed, only, it is alleged, to be refused on the ground that White did not have sufficient funds in the bank to cover the check. The check was returned from the All Night and Day bank to the First National bank; from there to the Crocker National bank. and from there to the Centennial National bank. That institution gave it a kick in the direction of Mrs. White, and she gave it another buffet by returning it to White, the drawer. White declares he has been dishonored because of the coldness with which his check has been treated, and that he has been to great expense to right matters. He wants $1000.


Article from Los Angeles Herald, November 18, 1910

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FOMA For Los Angeles and vicinity: Cloudy Friday; light north wind, changing to south. Maximum temperature yesterday, 65 degrees; minimum temperature, 51 degrees. LOS ANGELES Former Senator W. A. Clark notifies Y. W. C. A. of purchase of site on which PAGE 1 girls' home will be built. General Passenger Agent Peck of Salt Lake route predicts orange crop will be record PAGE 4 breaker. Tax Collector Taggart expects collections of more than $2,500,000 within week. PAGE 4 Italian thinks he is poisoned when given piece of pumpkin by pretty girl; analysis of food discloses man's mistake. PAGE 1 District Federation of Women's Clubs discusses Los Angeles' milk supply. PAGE 5 "Bundle of sticks" of Odd Fellows will arrive in Los Angeles tomorrow evening PAGE 8 from Santa Paula. Education discussed by prominent men at dinner given for Y. M. C. A. officer. PAGE 8 Mayor and fire commissioners to strongly oppose ordinance allowing vertical fire PAGE 8 escapes on office buildings. Dr. Todd wins suit for recovery of $60,000 worth of property from his wife. PAGE 8 Three aunts of Miss Mary Green, who left estate of $150,000, have suit over distribútion dismissed. PAGE 8 First meeting of the newly appointed city and county consolidation commission is PAGE 9 to be held Saturday. Meyer Lissner, chairman of the Republican state central committee, returns to Los Angeles and discusses recent campaign. PAGE 9 Court rules that "Go to hell" is not proPAGE 9 fanity. Mrs. Carrie Hollman of Gardena informs police husband disappeared with $1300 of her money. PAGE 9 Conference of city officials fails to settle controversy over sale of aqueduct bonds. PAGE 9 Fire causes damage of $5000 to $10,000 in PAGE 11 Broadway store. Receiver of All Night and Day bank discharged by court. PAGE 11 Master of bark who permitted escape of aliens being deported is held for trial. PAGE 11 Crowd cries "Lynch him!" while pursuing Japanese. PAGE 16 Roy Knabenshue says Ralph Johnstone, dead aviator. exceeded orders. PAGE. 3 Romance and mystery enter into the search made in this ctly for "Billie" Dunn. PAGE 6 Aged father of Dr. Crippen, convicted of slaying his wife in London, facing PAGE 16 death from pneumonia.