gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
aad573cc72c53281
Response Measures
None
Description
Clearing House action forced cash clearings; receivers appointed but bank reopened under receivers.
Events (3)
1.April 5, 1904Receivership
Newspaper Excerpt
the common pleas court appointed G. W. Seiber and William Buchtel receivers of the institution.
Source
newspapers
2.April 5, 1904Suspension
Cause
Local Banks
Cause Details
Akron Clearing House Association forced the bank to make all clearings in cash, precipitating the suspension
Newspaper Excerpt
the Akron Clearing House association compelling the bank to make all its clearings in cash
Source
newspapers
3.April 6, 1904Reopening
Newspaper Excerpt
The Akron Savings bank ... reopened its doors to-day for business, with the receivers in charge.
Source
newspapers
Newspaper Articles (18)
1.April 5, 1904The Topeka State JournalTopeka, KS
Click image to open full size in new tab
Article Text
AKRON BANK CLOSES. Clearing House Compelled It to Pay Cash. Akron, O., April 5.-The Akron Savings bank closed its doors today. The common pleas court appointed G. W. Seiber and William Buchtel receivers of the institution. The action was precipitated as a result of the Akron Clearing House association compelling the bank to make all its clearings in cash. William Buchtel is president of the bank. It has a capital stock of $200,000 and deposits amounting to $850,000.
2.April 5, 1904The Daily TelegramClarksburg, WV
Click image to open full size in new tab
Article Text
AKRON SAVINGS BANK CLOSES. By Associated Press. Akron, Ohio, April 5-The Akron Savings Bank closed its doors to-day. G. W. Seibet and William Duchtell were appointed receivers of the bank. be clearing house demanded the bank ke its clearings in cash. This ed the suspension. The capital of institution is $200,000; surplus, $50.000: deposits, $850,000. An official statement of the bank's condition published yesterday showed resources to be $1,151,910 and the lia. bilities the same.
3.April 5, 1904The Daily TribuneFlorence, CO
Click image to open full size in new tab
Article Text
TWO BANK FAILURES. Guthrie, Oklahoma, Bank Creates Great Excitement. Guthrie, Okla., April 5-The Na tional Bank Examiner Sturdevant today took charge of the Capital Na tional bank of this place as receiver. The failure of this supposed solid intitution has caused gieat excitement and general rerget. Many prominent citizens will lose heavily by the fail. ure Akron, O., April 5-The Akron Savings bank failed today. No reasou for the closing of its doors are given.
4.April 5, 1904Deseret Evening NewsSalt Lake City, UT
Click image to open full size in new tab
Article Text
Akron, O., Bank Fails. Akron, April 5.-The Akron Savings bank closed its doors today. The common pleas court appointed G. W. Seiber and Wm. Buchtel receivers of the institution. The action was precipitated as a result of the Akron Clearing House association compelling the bank to make all its clearings in cash. Wm. Buchtel is president of the bank. It has a capital stock of $200,000 and deposits amounting to about $850,000.
5.April 5, 1904Evening StarWashington, DC
Click image to open full size in new tab
Article Text
Akron Savings Bank Closes Doors. AKRON, Ohio, April 5.-The doors of the Akron Savings Bank were closed today and the common pleas court appointed G. W. Serber and Wm. Buchtel receivers of the institution. The action was precipitated as a result of the Akron Clearing House Association compelling the bank to make all its clearings in cash. Wm. Buchtel is president of the bank. It has a capital stock of $200,000; surplus, $50,000, and deposits amounting to about $850,000.
6.April 6, 1904New-York TribuneNew York, NY
Click image to open full size in new tab
Article Text
AKRON (OHIO) SAVINGS BANK FAILS. Akron. Ohio, April 6-The doors of the Akron Savings Bank were closed to-day and the Common Pleas Court appointed C. W. Seiber and William Buchtel receivers of the institution. The action was precipitated as a result of the Akron Clearing House Association compelling the bank to make all its clearings in cash. William Buchtel is president of the bank. It has a capital stock of $200,000; surplus, $50,000, and deposits amounting to about $850,000. An official statement of the bank's condition published yesterday showed its resources to be $1,151,910, with liabilities the same.
7.April 6, 1904The Indianapolis JournalIndianapolis, IN
Click image to open full size in new tab
Article Text
AKRON SAVINGS BANK IN RECEIVERS' HANDS Clearing House Had Enforced the Making of All Its Clearings in Cash. AKRON, O., April 5.-The doors of the Akron Savings Bank were closed to-day and the Common Pleas Court appointed G. W. Seiber and William Buchtel receivers of the institution. The action was precipitated as a result of the Akron Clearing House Association compelling the bank to make all its clearings in cash. William Buchtel is president of the bank. It has a capital stock of $200,000, surplus $50,000 and deposits amounting to about $850,000. An official statement of the bank's condition published yesterday showed its resources to be $1,151,910, with liabilities the same.
8.April 6, 1904The San Francisco CallSan Francisco, CA
Click image to open full size in new tab
Article Text
TWO BANKS ARE FORCED TO CLOSE THEIR DOORS Institutions at Akron, Ohio, and McLeod, Okla., in the Hands of Receivers. AKRON, Ohio, April 5.-The Akron Savings Bank closed its doors to-day. The Common Pleas Court appointed G. W. Seiber and William Buchtel receivers of the institution. The action was precipitated as a result of the Akron Clearing-house Association compelling the bank to make all its clearings in cash. William Buchtel is president of the bank. It has a capital stock of $200.000 and deposits amounting to about $850,000. An official statement of the bank's condition, published yesterday, showed its resources to be $1,151,000. with liabilities the same. GUTHRIE, Okla., April 5.-The Citizens' Bank at McLeod, Okla., with a capital of $10,000. closed its doors today as a result of the failure of the Capitol National. M. R. Sturtevant, National Bank Examiner, reached here to-day and took charge of the Capitol National. He instructed the officers of the bank not to talk of its affairs and declines to make a statement until a thorough examination of the institution's books has been made. Other local banks are considering a plan to assume the defunct bank's obligations.
9.April 6, 1904Bismarck Daily TribuneBismarck, ND
Click image to open full size in new tab
Article Text
BANK SUSPENDS. AKRON (o.) Institution Had Deposits of About $850,000. Akron, O., April 6.-The doors of the Akron Savings bank were closed during the day and the common pleas court appointed G. W. Zeiber and William Buchtel receivers of the institution. The action was precipitated as a result of the Akron Clearinghouse association compelling the bank to make all its clearings in cash. William Buchtel is president of the bank. It has a capital stock of $200,000; surplus $50,000 and deposits amounting to about $850.000. An official statement of the bank's condition shows its resources to be $1,151,910, with liabilities the same.
10.April 7, 1904The Plymouth TribunePlymouth, IN
Click image to open full size in new tab
Article Text
NEWS FACTS IN OUTLINE -Bubonic has reappeared at Antofagasta, a seaport and the capital of the province of Antofagasta, Chile. The doors of the Akron, O., Savings bank have been closed and G. W. Serber and William Buchtel appointed receivers. Mrs. Gertrude Morris and Mrs. Ellen Jean, both colored, have been awarded $100 each by a Chicago jury because they were refused admission to the Columbus theater. Two San Francisco lawyers have been awarded $150,000 fees for their services in settling the Charles L. Fair estate. Louise Michel, the anarchist speaker and writer, is dying at Paris. A voting machine was used yesterday for the first time in a Chicago election. William J. Bryan is on his farm near Lincoln, Neb., doing his spring planting. The humanitarians of St. Louis refuse to let the Igorrotes eat dogs' meat on the ground that it is "cruel and inhuman." Governor Pennypacker has declined to run for justice of the supreme court of Pennsylvania, and the Republicans will nominate John P. Elkin, ex-state attorney general. A national missionary conference of leading dignitaries, to the number of about fifty, will begin at Washing ton tonight. Emily Phillips Cassat has been granted an absolute divorce from Captain Edward Buchanan Cassatt, son of the president of the Pennsylvania railroad.
11.April 7, 1904Rock Island ArgusRock Island, IL
Click image to open full size in new tab
Article Text
Bank Reopens for Business. Akron, O., April 7.-The Akron Savings bank, which closed Tuesday, has reopened its doors for business, with the receivers,
Depositors Safe. Akron, O., April .-The Akron Savings bank, which closed Tuesday, reopened its doors Wednesday for business, with receivers in charge. Suits to enforce stockholders' liability law have been filed, and as a majority of the stockholders are people of wealth It is certain that depositors will not lose a ce. L
13.April 7, 1904The Daily Morning Journal and CourierNew Haven, CT
Click image to open full size in new tab
Article Text
Akron Bank Opens Again. Akron. O., April 6.-The Akron Savings bank, which closed yesterday and opened its doors to-day for business with the receivers, William Buchtel and G. W. Sieber in charge. It is practically certain that their depositors will not lose a cent.
14.April 7, 1904The Indianapolis JournalIndianapolis, IN
Click image to open full size in new tab
Article Text
Savings Bank Reopens. AKRON, O., April 6.-The' Akron Savings Bank, which closed yesterday, reopened its doors to-day for business, with the receivers, William Buchtel and G. W. Sieber, in charge. While the officials of the bank have not issued a formal statement, it is believed that the depositors will be paid in full.
15.April 8, 1904The Stark County DemocratCanton, OH
Click image to open full size in new tab
Article Text
The Akron Savings bank which went by the boards has opened its doors for business under the direction of the receivers who were appointed by the court. It is said the bank had a good volume of business, but there was poor management and neglect.
16.April 9, 1904The Labor WorldDuluth, MN
Click image to open full size in new tab
Article Text
BANK RE-OPENS AKRON, Ohio, April 6.-The Akron Savings bank which closed yesterday re-opened its doors today for business with the receivers in charge. It is believed that the depositors will be paid in full.
17.April 12, 1904Wausau PilotWausau, WI
Click image to open full size in new tab
Article Text
Akron Savings Bank Fails. The doors of the Akron, Ohio, Savings Bank were closed Tuesday and the Common Pleas Court appointed G. W. Seiber and William Buchtel receivers of the institution. The action was precipitated as a result of the Akron Clearing House Association compelling the bank to make all its clearings in cash.
18.April 15, 1904The Ely MinerEly, MN
Click image to open full size in new tab
Article Text
DOMESTIC. Six suicides were reported in one day in New York city, most of the victims being out of work. The brokerage firm of W. B. Mack & Co. has suspended in New York, being the sixth of J. P. Morgan's former employes to meet with reverses after going into business independently. An expert's report declares ten western railroads lost $1,250,000 in 1903 through payment of excessive switching charges to industrial railroads. A woman of social prominence is suspected in connection with the murder of Miss Mabel Page in a suburb of Boston. The Citizens' bank at McLeod, Okla., with a capital of $10,000, closed its doors. Judge James C. Jenkins, of Atlanta, Ga., has been appointed a judge at large of the court of first instance of the Philippine islands. The battleship Virginia was launched at Newport News. It is the largest fighting craft in the United States navy now afloat. Five persons were drowned in the Gulf of Mexico near Sutherland, Fla., as a result of a boat from a Methodist college capsizing. Judge Sale, of St. Louis, granted a woman a divorce, saying that the only charge she need prove was that her husband slapped her face. The Akron (0.) Savings bank, with deposits of $850,000, closed its doors and receivers were appointed. Clark Ridley, an aged miner of New Bedford, Mass., after saving $15,000 in 85 years, is giving it away, hoping to die poor. The arrest of women wearing red skirts has been ordered by Pennsylvania railroad officials if they appear on railroad grounds. The Chicago Business Woman's club has gone into bankruptcy, its debts amounting to $12,000. United States warships will protect the property of the Panama railroad during the strike on the isthmus, according to the decision at a cabinet meeting. At St. Louis United States Senator J. R. Burton, of Kansas, was sentenced to six months' imprisonment in the Iron county jail, Missouri, and fined $2,500 for having been convicted of using his influence before the post office department in behalf of the Rialto Grain & Securities company, of St. Louis, and having received payment from the company for his services.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.