gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5290de20e924cd78
Response Measures
None
Description
OCR variants in some articles (Capitol/Capital) corrected.
Events (4)
1.January 21, 1908Run
Cause
Bank Specific Adverse Info
Cause Details
Sustained heavy withdrawals driven by inability to realize on a heavy line of loans made before the prior financial depression, producing liquidity strain
Measures
Bank posted notice of temporary suspension; directors decided to suspend; receiver later appointed
Newspaper Excerpt
the recent heavy withdrawals...a heavy run averaging $9000 per day for 42 days
Source
newspapers
2.January 21, 1908Suspension
Cause
Bank Specific Adverse Info
Cause Details
Temporary suspension due to shortage of ready cash and inability to promptly realize loans despite solvency of assets
Newspaper Excerpt
failed to open its doors this morning, notice being posted of temporary suspension caused by the recent heavy withdrawals
Source
newspapers
3.January 22, 1908Receivership
Newspaper Excerpt
Walter S. Bruce was today appointed by the court as receiver of the Capital State bank. Mr. Bruce expressed a confidence that the depositors will be paid in full.
Source
newspapers
4.May 28, 1908Reopening
Newspaper Excerpt
Under reorganization plans accepted by the courts, the Capital State Bank, which suspended last January, was reopened today.
Source
newspapers
Newspaper Articles (20)
1.January 21, 1908Evening Times-RepublicanMarshalltown, IA
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Article Text
BANK CLOSES; SOLVENT. Temporary Suspension of Large Institution at Boise, Idaho. Boise, Idaho. Jan. 21.-The Capitol State Bank, of Idaho, (limited), failed to open its doors this morning, a temporary suspension having been decided upon by the directors, owing to recent The heavy withdrawals of deposits. capital is $200,000, reserve, $100,000, and deposits December 31, $1,077,000. W. S. Bruce, expert accountant, who has been engaged in making a careful investigation of the affairs of the bank, said today that the bank is solvent, and its assets are sufficient to pay the depositors every dollar due them.
2.January 21, 1908The Spokane PressSpokane, WA
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Article Text
BOISE BANK DOORS CLOSE I BOISE, Jan. 21.-The Capital State Bank of Boise failed to open its doors this morning, notice being posted of temporary suspension caused by the recent heavy withdrawals. The bank has a capital stock of $200,000, surplus of $100,000, and deposits by the last statement og a little of $1,000,000. George D. Ellis is president, J. C. Pence, vice president; H. E. Neal, cashier. The bank ranked second in Boise and had the bulk of the small depositor business. alter E. Druce, expert accountant, states today: "I spent several days examining the bank books and believe the bank solvent." No effect was felt by the other banks of the city. Walter S. Druce will probably be appointed receiver of the suspended bank.
3.January 22, 1908Lewiston Evening TellerLewiston, ID
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BRUCE APPOINTED RECEIVER Says Depositors Will Be Paid in Full-No Branches Close BOISE, Ida., Jan. 22.-Walter S. Bruce was today appointed by the court as receiver of the Capital State bank. Mr. Bruce expressed a confidence that the depositors will be paid in full. None of the Capital State's
4.January 22, 1908The Seattle StarSeattle, WA
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Article Text
BANK RECEIVER TAKES CHARGE (By United Preso.) BOISE, idaho, Jan. 22.-Walter 8. Bruce, who was appointed receiver of the Capital State bank, which suspended yesterday, took charge today. It is still maintained by the directors and the receiver that the depositors will be paid in full, but much uneasineas is mantfested. as many usly stories are afloat.
5.January 23, 1908Mountain Home MaverickMountain Home, ID
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Owing to a steady Grain upon its cash resources for months past, and being unable to realize upon a heavy line of loans made prior to the financial depression of last fall, the Capital State bank of Boise suspended payment Tuesday morning. In explanation of its action the directors, after an all night session in which the condition of the Dank as to its solvency was ascertained, posted the following notice upon its doors: "The directors of the Capital State Bank have made a careful examination of its condition and find it solvent. "The difficulty in obtaining ready cash makes it necessary temporarily to suspend payments. "It is believed that in the course of a short time the bank will be able to resume, but that in any event the depositors will be paid in full." On the application of Orlando F. Bacon and other stockholders and depositors in a complaint filed in the district court Tuesday, Judge Wood appointed Walter S. Bruce to the receivership of the institution, and he itamediately assumed control, furnishing a surety bond. It is stated that Mr. Bruce was the choice of he majority of the directors of the bank and that the appointment is satisfactory to the othe b ks of the city. It became kno WILL that Mr. Bruce had been for several days going over the affairs of the bank and he is therefore well fitted to take up the work of receiver. The receiver states it as his opinion that the bank is perfect-
6.January 24, 1908The Idaho RepublicanBlackfoot, ID
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Article Text
Capital State Bank. The doors of the Capital State Bank of Boise closed temporarily to the public Tuesday, Jan. 21st, which created considerable excitement in banking circles of the city. Cashier H. F. Neal resigned and application for a receiver was filed. There are rumors, and all sorts of rumors, but the facts sustained are a heavy run averaging $9000 per day for 42 days or more. and the Boise clearing houses refused aid. The institution is perfectly solvent, will reopen shortly, and pay every dollar due its depositors.
7.January 24, 1908The Owyhee NuggetMarsing, Bruneau, Silver City, ID
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Article Text
The Capital State Bank. The closing of the doors of the Capital State Bank at Boise, Tuesday morning, created considerable excitement here, and, we are told, quite an uneasiness among depositors. There are men here who have all their savings from years of labor tied up in that institution. Our local bank has had it for a depository and had considerable funds in it until recently, but only a few days since transferred thegreater portion of its account to another Boise bank. One of our mining companies did the greater portion of its business through the Capital State Bank, transferring moneys to it to pay current bills, but had checked closely upon last pay-day, that if their checks have all been presented, the loss to them will be quite a negligable sum. So far we have heard no charge against any of the officers of the bank for wrong-doing. The bank was the repository of many country banks of Southern Idaho, and the late financial flare-up had caused a great amount of funds to be drawn out by them. Walter S. Bruce, for years past connected with the the Boise City National Bank, has been appointed receiver. Mr. Bruce has stated that he had just spent several days examining the affairs of the bank and was of the opinion that it would come out all right. Its securities were good
8.January 24, 1908Condon GlobeCondon, OR
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Article Text
Boise, Jan. 21.-The Capital State Bank of Boise, a state institution, failed to open its doors this morning, notice being posted of temporary suspension caused by recent heavy withdrawals. The bank has capital of $200,000, surplus of $100,000 and the deposits at. the last statement were a little over $1,000,000. George D. Ellis is president; J. C. Pence, vice president and H. E. Neal, cashier. The bank ranked second among the Boise banks and had the bulk of the small depositor business. Walter E. Bruce, expert accountant, states today: "I spent several days examining the bank's books and believes the bank is solvent." There was no effect on the other banks of the city. Walter S. Bruce will probably be appointed receiver of the suspended bank.
9.January 24, 1908East Oregonian : E.OPendleton, OR
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Article Text
BOISE BANKS NOT AFFECTED CAPITAL BANK FAILURE WILL NOT HURT OTHERS Bank Will be Reorganized and it Is Thought Will Pay in Full Within 60 or 90 Days-Other Institutions in City Not Affected. That the failure of the Capital state bank at Boise did not affect other banks in the least, is shown by the following from the Boise Capital News: There is nothing new in the bank situation today, says the News. State Bank Examiner W. S. Chaney arrived this morning and today is making an examination of the books of the Capital State bank. No statement has been prepared and nothing authentic is given out. The impression continues to grow that the bank will be reorganized and will continue in business, all depositors being paid in full. It is even stated that this can be accomplished within 60 to 90 days. Other banks of the city still feel the effects of the suspension of business very slightly. There is no indication of any disposition to make any run on any of the other banks, all of which, however, are strengthening themselves by shipping in large amounts of cash from outside points. All of them are paying cash for all demands and will continue to do so unless the people lose their heads more than they have shown any indication of doing up to this time. Many absurd rumors have been set afloat, but it is needless to say that there is nothing in any of them. It was even rumored at Nampa yesterday that all the banks of Boise had- failed and considerable excitement prevailed there—more even than here where actual conditions were understood. It is stated, however, that H. E. Neal, before leaving for Portland, turned over to the bank property to the value of $200,000, held by him here and in Oregon, to secure the bank against loss from loans for which he had become surety or in which he was more or less personally responsible in a moral sense. This, together with the capital stock and real estate holdings of the bank alone guarantee more than 50 per cent of the deposits, not counting loans equal in amount to the deposits themselves.
10.February 11, 1908Lewiston Evening TellerLewiston, ID
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The suspension of the Capital State bank of Boise has apparemtlyr had no bad effect upon: any other bank in the state. -
11.May 12, 1908The Boise CitizenBoise, ID
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Judge Fremont Wood has given his official approval to the re-oening of the Capital State Bank and has been at all times keeping a keen eye upon its condition since it failed. Now if he will keep the expense of the receivership down to a reasonable figure he will be entitled to the gratitude of the people.
12.May 12, 1908The Boise CitizenBoise, ID
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Article Text
The re-opening of the Capital State Bank for business on May 28 should bring an end to the money stringency in Boise, as many thousands of dollars will become available. Up to this time the affairs of that institution since its failure appear to have been conducted with rare good judgment and Receiver Bruce aand the directors and reorpanizers are deserving of great praise.
13.May 28, 1908The Hattiesburg NewsHattiesburg, MS
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BOISE BANK IS REOPENED Hearst News Service. Boise, May 28.-Under reorganization plans accepted by the courts, the Capital State Bank, which suspended last Januaray, was reopened today. The institution has more than a milMon in deposits.
14.May 28, 1908The Daily SentinelGrand Junction, CO
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REOPEN BOISE BANK. (Special to The Sentinel.) Boise, May 28. -Under reorganization plans accepted by the courts. the Capital State Bank. which suspended last January, was reopened today. The institution has more than a million in deposits.
Reopen Boise Bank. Boise, May 28.-Under reorganization plans accepted by the courts, the Capital State Bank, suspended last January, was reopened today. The institution has more than a million in deposits.
REOPEN BOISE BANK. Boise, May 28.-Under reorganization plans accepted by the courts the Capital State Bank, which suspended last January, was reopened today. The institution has more than a million in deposits.
17.May 28, 1908The Daily ArdmoreiteArdmore, OK
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Reopen Boise Bank. Boise, May 28.-Under reorganization plans a cepted by the courts, the Capital State bank, which suspended last January, was reopened today. The institution has more than a million in deposits.
18.May 28, 1908The Evening StatesmanWalla Walla, WA
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Reopen Boise Bank. BOISE, May 28.-Under reorganization plans accepted by the courts, the Capital State bank, which suspended last January, was reopened today, The institution has more than a million in depasits.
19.September 3, 1908The Emmett IndexEmmett, ID
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Payment of the second dividend of 20 per cent to depositors of the defunct Capital State bank of Boise was begun Tuesday. This dividend will amount to $180,000. Receiver Menhoin states a third dividend, probably of 20 per cent, will in all probability be declared January 1. He is confident depositors will be paid dollar for dollar in time.
20.February 4, 1910The Kendrick GazetteKendrick, ID
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Seeks Recovery of Bonds. BOISE.-A suit to recover first mortgage bonds of the Pacific & Idaho Northern Railway Co. in the sum of $29,496, was filed in the Ada County district court by Caddie Bates, widow of T. W. Bates, against M. P. Meholin, receiver of the Capital State Bank. The bonds were turned over to the bank in August, 1901, to pay off notes which the bank had held against Bates.
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.
