Jackson Park Bank (Chicago, IL)

Episode Information

Episode UID
8582585091373
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
858258509 hash
Start Date
May 27, 1914
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a0b3b8e1cbe63f60

Response Measures

None

Description

Articles state the bank closed its doors May 27, 1914 and ultimately paid depositors in full.

Events (2)
1. May 27, 1914 Suspension
Cause Details
Bank closed its doors (private bank suspension); specific trigger not described in articles.
Newspaper Excerpt
Depositors of the Jackson Park Bank, a private institution at 1402 East Sixty-third street, were greeted with a closed sign to-day.
Source
newspapers
2. November 7, 1914 Other
Newspaper Excerpt
The Jackson Park bank of Chicago, which closed Its doors last May, is one of the very few collapsed private banks of Illinois to pay depositors dollar for dollar. The managers went down into their pockets, dug up the necessary coin to square accounts and closed up the institution with a white ledger.
Source
newspapers

Newspaper Articles (3)
1. May 28, 1914 The Sun New York, NY
Article from The Sun, May 28, 1914

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Article Text

FIFTH CHICAGO BANK CLOSED. Jackson Park Had Deposits of $65,000 of Tradesmen. CHICAGO, May 27.-Depositors of the Jackson Park Bank, a private institution at 1402 East Sixty-third street, were greeted with a "elosed" sign to-day. It is the fifth bank to suspend in Chicago within the last few weeks. The Jackson Park Bank had deposits of $65,000. the principal patrons being tradesmen in the neighborhood. The bank was operated by Hopkins & Luther, who also conduct an insurance and real estate business. In a statement issued by the attorneys or the concern the owners promise to pay all claims in full if granted sufficient time to realize on the assets.

2. June 5, 1914 The Ordway New Era Ordway, CO
Article from The Ordway New Era, June 5, 1914

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Article Text

LATEST NEWS EPITOMIZED FROM TELEGRAPHIC REPORTS THAT COVER THE WEEK'S EVENTS. OF MOST INTEREST KEEPING THE READER POSTED ON MOST IMPORTANT CURRENT TOPICS. Western Newspaper Union News Service. WESTERN. Dr. J. E. Stubbs, president of the University of Nevada, died suddenly at Reno. One man was killed and damage totaling $750,000 done by a severe squall that swept Superior. Duluth and the head of the lakes country. The fifth private bank in Chicago to fall in two weeks went under when the Jackson Park bank closed its doors. It had deposits of $65,000. The body of Harry Weakley, a rancher, burned almost to a crisp, was found under the wreckage of his automobile on a highway near Fresno, Cal. Samuel Fitzgerald, a soldier stationed at Jefferson barracks, saved nine persons from probable incineration during a tenement fire in St. Louis. Simple ceremonies marked the funeral at Frankfort, Ky., of Senator W. O. Bradley. Business was suspended during the services and throngs lined the streets. Commercialized vice in Chicago has been almost stamped out in the last year of unremitting war against it, according to the citizens' committee of fifteen. Society is too ready to intervene on behalf of the criminals, according to John B. Winslow, former chief justice of the Supreme Court of Wisconsin, in an address to the Illinois Bar Association at Chicago, Control of the affairs of the St. Joseph & Grand Island Bailroad Company must be given to the minority stockholders of that company by the Union Pacific within the next sixty days, or a receiver will be appointed by the Federal Court. In spite of the troubles that beset their uncle, General Victoriano Huerta, Misses Virginia and Dolores Huerta, who are attending school at Pasadena, Cal., are preparing to return to their home at-San Luis de Lay. Poy, a short distance from Mexico City. "Kansas dedicates this noble monument as an ever-present reminder of a glorious past," said Washington Gardner of Albion, Mich., national commander of the Grand Army of the Republic, at Topeka, Kan., at the dedication of Memorial hall, erected in memory of the soldiers of the Civil war.

3. November 7, 1914 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, November 7, 1914

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Article Text

People and Events The cream-topped schooners which have made some of the bars of Chicago famous have been retired from business and sloops of much less capacity substituted. The war tax on beer did the trick. Reno, Nev., has had so little publicity since it ceased to be a divorce center that some of the local boosters knocked down a United States senator and brought the town into the limelight for a moment. Three members of a bunch of vags run in by the police of Sacramento, Cal., gave the names of John D. Rockefeller, Andrew Carnegie and Dr. Parkhurst. Dutsy Rhodes laughed out loud and gave his true tourist title. Just as the mortality lists are being made up a penurious member of congress proposes to abolish the expensive practice of printing memorial volumes of eulogies delivered on the death of members of congress. Could heartlessness go farther? The Jackson Park bank of Chicago, which closed Its doors last May, is one of the very few collapsed private banks of IlMnois to pay depositors dollar for dollar. The managers went down into their pockets, dug up the necessary coin to square accounts and closed up the institution with a white ledger. The mayor of Bangor, Me., is a live wire when the spirit moves him. A loaded keg on an incline butted into his shins, peeling off some of the bark, and causing him to lose the upright dignity which envelopes a city executive. He didn't know the keg was loaded. As a punishment for the capricious conduct of the keg the mayor closed up all saloons in that prohibition town for one full day. Elizabeth, N. J., has just celebrated its 250th birthday. Elizabeth is an exception to the rule. Mighty few of the name would give it away and glory in it. Europe has put into circulation a series of white papers, gray papers, orange papers and blue papers. each exhibiting the color scheme of government authors. Mexico has now contributed a series of red papers to the collection-an outward sign of the contents being "hot stuff." Another romance of the Titanic interests society in New York and Philadelphia. Robert W. Daniel, a Philadelphia banker, one of the few men who jumped from the sinking steamer and was rescued. and Mrs. Eloise H. Smith. one of the women saved and made a widow by the disaster, were quietly wedded in New York last August, but kept the affair secret until last week. The remance began on the Carpathia. Mrs. Smith is a daughter of Congressman Hughes of West Virginia,