Prince & Whitely - Boston, MA

Episode Information

Episode UID: 9459984691570
Episode Type: Suspension → Closure
Bank Type: broker
Bank ID: 945998469 hash
Start Date: October 10, 1930
Location: Boston, Massachusetts (42.358, -71.060)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 17da2185a31c6e32

Response Measures

None

Description

Entity is a brokerage firm suspended from the NYSE; receivership petitions filed including in Boston.

Events (2)

1. October 10, 1930 Receivership

Newspaper Excerpt: Three receivership petitions were filed... The Irving Trust Company was named temporary receiver and will take charge at once.
Source: newspapers

2. October 10, 1930 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Suspended from the NYSE for insolvency; financial position undisclosed with large collateral loans.
Newspaper Excerpt: Prince & Whitely, the 53-year-old brokerage firm suspended from the New York Stock Exchange for insolvency.
Source: newspapers

Newspaper Articles (1)

1. October 10, 1930 The Washington Times Washington, DC

Article from The Washington Times, October 10, 1930

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Article Text

BROKERS TO PAY CREDITORS NEW YORK, Oct. 10 (I.N.S.). No loss to creditors was promised today by attorneys of Prince & Whitely, the 53-year-old brokerage firm suspended from the New York Stock Exchange for insolvency. The attorneys said the company's difficulties "appeared to be merely temporary." Unless banks forced liquidation of the firm's assets at "sacrifice prices" a reasonable adjustment was expected. the attorneys said. The financial position was not disclosed, but it was learned collateral loans amounted to be tween $33,000,000 and $35,000,000. Three receivership petitions were filed. one in New York, one In Chicago and one in Boston. The Irving Trust Company was named temporary receiver and will take charge at once. Steps were also taken to reorganize the firm and t (*editor's committee is being orgat. zed.