Detroit City Bank - Detroit, MI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 11, 1902
Location: Detroit, Michigan (42.331, -83.046)

Metadata

Model: gpt-5-mini
Short Digest: b3931297

Response Measures

None

Description

Article (dated Apr 5, 1902) reports 'Detroit, Feb. 11.-The Detroit City bank has suspended.' It links the bank's failure to the chief officers' mine interests, indicating bank-specific adverse problems. No reopening is mentioned, so classified as suspension leading to closure.

Events (1)

1. February 11, 1902 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Failure linked to the bank's chief officers' interests in Colorado and Idaho mines leading to the bank's failure/suspension.
Newspaper Excerpt: Detroit, Feb. 11.-The Detroit City bank has suspended. The failure has caused the closing down of several Colorado and Idaho mines, in which the chief officers of the bank were interested.
Source: newspapers

Newspaper Articles (1)

1. April 5, 1902 The Nome Nugget Nome, AK

Article from The Nome Nugget, April 5, 1902

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Article Text

TELEGRAPHIC BREIFS. San Francisco, Feb. 24.-The Fourth infantry has returned from the Philippines and will be stationed in Texas. Tacoma, Feb. -The Lake View postoffice. near this place, was visited last night by safe blowers, who secured only small booty. Washington. Feb. .-Rear Admirals Sampson and Cromwell have been placed on the retired list, having reached the age of 63. Fairhaven, Wash., Feb. 11.-Arthur Shack and William Carey were killed in the Chuckanut cut-off by a Great Northern train today. Washington, Feb. 11.-A bill now before congress provides that the secretary of war shall furnish a detailfrom the regular army to protect the president without unnecessary display. Port Townsend, Feb. 10. - A wireless telegraph system will be established by the United States government from Tatoosh island at Cape Flattery to Port Cresect on the mainland. London. Feb. 11.-A cable message from the Transvaal announces that the output for the month of January is 70,340 ounces of tine gold, compared with 52,897 ounces in December last. Washington, D.C., Feb. -Judge Advocate Lemley and Solicitor Hanna have filed a scathing reply to the appeal of Admiral Schley, directly charging him with evasion of the real issues. Detroit, Feb. 11.-The Detroit City bank has suspended. The failure has caused the closing down of several Colorado and Idaho mines, in which the chief officers of the bank were interested. Berlin, Feb. 8.-Emperor William is incensed at the spiritualist movement and has issued a notification that all persons in any way connected with spiritualists, faith healers, Christian