Stahl & Straub (Philadelphia, PA)

Episode Information

Episode UID
878601891199
Episode Type
Suspension β†’ Reopening
Bank Type
broker
Bank ID
87860189 hash
Start Date
November 24, 1899
Location
Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ef71a75b602f569e

Response Measures

None

Description

Contemporary reports characterize the suspension as temporary but no follow-up articles are provided to confirm reopening.

Events (1)

1. November 24, 1899 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Forced to suspend after a demand for a large call loan and inability to secure loans on collateral; street rumors about liabilities.
Newspaper Excerpt
The firm of Stahl & Straub, bankers and brokers, at No. 507 Chestnut-st., was forced to suspend business to-day
Source
newspapers

Newspaper Articles (10)

Article from New-York Tribune, November 25, 1899

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Article Text

PHILADELPHIA BANKING FIRM SUSPENDS. Philadelphia, Nov. 24.-The firm of Stahl & Straub, bankers and brokers, at No. 507 Chestnut-st., was forced to suspend business to-day as a result, It is said, of a demand for a large call loan. Mr. Straub had no statement to make, except that he believed the suspension would be only temporary. Mr. Stahl is in New-York, it is stated, endeavoring to raise money to meet the demand on the firm. Street rumors of the firm's liabilities place the amount all the way from $100,000 to $1,000,000.


Article from The Indianapolis Journal, November 25, 1899

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Article Text

Philadelphia Bankers Suspend. PHILADELPHIA, Nov. 24.-The firm of Stahl & Straub, bankers and brokers, No. 507 Chestnut street, was forced to suspend business to-day as a result, it is said, of a demand for a large call loan. Mr. Straub had no statement to make, except that he believed the suspension would be only temporary. Mr. Stahl is in New York, it is stated, endeavoring to raise money to meet the demand on the firm. Street rumors on the firm's liabilities place the amount all the way from $100,000 to $1,000,000.


Article from The Daily Morning Journal and Courier, November 25, 1899

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Article Text

Philadelphia Bankers Suspend. Philadelphia, Nov. 24.-The firm of Stahl & Straub, bankers and brokers, 507 Chestnut street, was forced to suspend business to-day as a result, it is said, of a demand for a large coal loan. Mr. Straub had not statement to make, except that he believed the suspension would be only temporarily. Mr. Stahl is in New York, it is stated, endeavoring to raise money to meet the demand on the firm. Street rumors of the firm's liabilities place the amount all the way from $100,000 to $1,000,000.


Article from The Worcester Spy, November 25, 1899

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Article Text

TELEGRAPHIC BRIEFS. Philadelphia, Nov. 24. - The firm of Stahl & Straub. bankers and brokers, 507 Chestnut street, was forced to suspend busiess today as a result, it is said, of a dΔ™mand for a large call loan. Mr. Straub had no statement to make, except that he believed the suspension would only be temporary. Albany, Nov. 24.-The Rochester Telephone Company, with a capital of $400,000,was incorporated today with the secretary of state. The general route of the company, besides operating in Rochester, will connect with Syracuse, Utica, Chicago. Oswego, Watertown, Ogdensburg, Buffalo, Niagara Falls, Mayville, Corning, Elmira and Binghamton. New York, Nov. 24.-Carvello Grancianto, an Italian under indictment for having shot and killed a fellow-countryman in Astoria, L. I., a short time ago died of heart failure this afternoon in the Queens county jail, Long Island City. Detroit, Mich., Nov. 24. - George W. Brooks shot his divorced wife three times today at her home, 221 Sherman street. He then shot himself dead. The woman will recover, although wounded in the neck, shoulder and body. Rio de Janeiro, Nov. 24.-Brazil has rejected the plan of tariffs proposed by Italy and France, and demands a considerable reduction in the duty on imports of coffee. which are considered prohibitive. Peru has protested against the protocol signed by Bolivia and Brazil, fixing the limits of the territory in dispute. Peru claims a great part of that territory near Acre which is claimed by all three countries. Darlington, S. C., Nov. 24.-Ed Luckey and Tom Mitchell were hanged here today for assault on Josephine Lafferty, a young white woman. This was the first instance of execution in this state for criminal assault. Austin. Tex., Nov. 24.-James Davidson was hanged today for the murder of Geo. W. Engbyrn and his wife at Manor, Tex., last June. Davidson confessed on the scaffold. Detroit. Mich., Nov. 24.-The attorney for the street railway association advises the men that they have no proper basis for going out under the agreement with the companies.


Article from The Sun, November 25, 1899

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Article Text

Philadelphia Bankers Assign. PHILADELPHIA. Nov. 24.-The firm of Stahl & Straub, bankers and brokers. 507 Chestnut street. was forced to suspend business to-day owning to their inability to secure loaps on some of the collateral they have been earrying. The suspension was not reported officially to the Stock Exchange and there was no sale of the firm's securities under the rule. It is said the r obligations do not exceed $100,000 and that they will he able to settle satisfactorily in a few days. The firm has been in business about twenty years.


Article from Wheeling Register, November 25, 1899

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Article Text

FORCED TO SUSPEND. PHILADELPHIA, Pa., November 24.Stahl & Straub, bankers and brokers, were forced to suspend to-day. Street rumors place the liabilities from $100,000 to $1,000,000.


Article from The Record-Union, November 25, 1899

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Article Text

Banking Firm Forced to Suspend. PHILADELPHIA, Nov. 24. - The firm of Stahl & Straub, bankers and brokers, was forced to suspend business to-day as a result, it is said, of a demand for a large call loan. Mr. Straub had no statement to make except that he believed the suspension would only be temporary. Mr. Stahl is in New York, it is stated, endeavoring to raise money to meet the demand. Street rumors of the liabilities place the amount all the way from $100,000 to $1,000,000.


Article from The Salt Lake Herald, November 25, 1899

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Article Text

Banking Firm Fails. Philadelphia, Nov. 24.-The firm of Stahl & Straub, bankers and brokers, 507 Chestnut street, was forced to suspend business today, as a result, it is said, as a demand for a large call loan. Mr. Straub had no statement to make/ except that he believed the suspension would only be temporary. Mr. Stahl is in New York, it is stated, endeavoring to raise money to meet the demand on the firm. Street rumors of the firm's liabilities place the amount all the way from $100,000 to $1,000,000.


Article from Omaha Daily Bee, November 25, 1899

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Article Text

FAILURE OF BANKING FIRM Philadelphia Concern Suspends and Rumors Place Liabilities All the Way to a Million. PHILADELPHIA, Nov. 24.-The firm of Stahl & Straub, bankers and brokers, 507 Chestnut street, was forced to suspend business today as a result, it is said, of a demand for a large call loan. Mr. Straub had no statement to make except that he believed the suspension would only be temporary. Mr. Stahl is in New York, it is stated, endeavoring to raise money to meet the demand on the firm. Street rumors of the firm's liabilities place the amount all the way from $100,000 to $1,000,000.


Article from The Seattle Post-Intelligencer, November 25, 1899

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Article Text

CONDENSED DISPATCHES. T. J. Walsh. counsel for Ruby J. Britt, of Helena, Mont., has received & message stating that his client has come into an estate of $30,000 or more from her father, who died in Iowa about a year ago. Andrew Carnegie's offer of $25,000 for a public library building at Tucson, Ariz. has been accepted, the city council voting at site on the military plaza and $2,000 per annum for the maintenance of the library. The banking and brokerage firm of Stahl & Straub, of Philadelphia, has been forced to suspend business. as a result. it is said, of demand for & large call demand. Rumors place their liabilities all the way from $100,000 to $1,000,000. The war department has requested that twelve more army secretaries of the Y. M. C. A. be sent with the troops to Manila. Miss Helen Gould, of New York, has contributed the larger portion of the money for the maintenance of this special work. W. S. Chamberlain, a broker, of New York, has filed a petition in bankruptcy, with liabilities of $26,000 and assets consisting of forty acres of land near Duluth, put down as of no value, and ten shares of stock in the Uncle Sam Mining and Development Company. of the state of Washington, value $3. The will of the late Charles Murphy has been presented for probate by his widow. The value of the real estate and personal property is small, but a claim of $100,000 against the United States government for work done in excarating for the Mare Island stone dock is included, and the widow is asked to press the matter to a final settlement. The Methodist church congress will open its sessions at the Lindell Avenue church, St. Louis, next Sunday, November 25, and will continue until December 1. An unusual array of talent has been secured to address the congress during the day, and beginning with Monday evening there will be a special lecture each evening. The opening evening lecture will be given by Bishop Vincent. John Tates, a waiter in a restaurant at Chicago, was stabbed fatally with an umbrella. A customer got into a dispute with Tates over the price of a meal. and they came to blows. The customer raised his umbrella to protect himself. Tates rushed forward, and the customer jabbed it into his breast. The sharp-pointed steel penetrated the waiter's lung. The man was arrested. Tates is at the county hospital, where it is said he will die. Haffis Azar, a Syrian by birth, but a naturalized citizen of the United States, arrived in this country a few days ago to look after a suit for $100,000 damages to health and property which he says he suffered at the hands of the Spanish in Porto Rico. He had A jowelry store in the town of Mayaguez, On April 4, he says, he was arrested by Lieut. Morales as a spy. All his property, consisting of a jewelry store and gems valued at many thousands of dollars, was carried away. Secretary Long. in an interview, says that the orders given Admiral Schley in connection with the sailing of the South Atlantic squadron were not unusual, and that the department had no intention of ignoring the wishes of the admiral, but he had been led to add the final paragraph directing Schley to remain away from South Africa because be had decided, after consulting with the state department, that it would be unwise to order any ships to South Africa on account of the probability that their presence might be misconstrued. It is not at all certain, according to the secretary, that the admiral may not be ordered to South Africa, this being dependent on the situation.