Newark Savings Bank (Newark, OH)

Episode Information

Episode UID: 1178598191253
Episode Type: Run → Suspension → Closure
Bank Type: savings
Bank ID: 117859819 hash
Start Date: May 20, 1904
Location: Newark, Ohio (40.058, -82.401)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: ddaa676dcf52cdef

Response Measures

None

Description

Discrepancies in treasurer's books reported; court appointed receiver and bank remained closed.

Events (4)

1. May 20, 1904 Run

Cause: Bank Specific Adverse Info
Cause Details: Rumors and then discovery of discrepancies/shortage in treasurer James F. Lingafelter's accounts prompted withdrawals.
Newspaper Excerpt: After a slight run yesterday the Newark Savings Bank did not open its doors today.
Source: newspapers

2. May 21, 1904 Receivership

Newspaper Excerpt: W. G. Taefel was appointed receiver today of the Newark Savings Bank at the request of the directors.
Source: newspapers

3. May 21, 1904 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Directors placed bank in hands of a receiver after discovering discrepancies in the cashier/treasurer's books.
Newspaper Excerpt: The Newark Savings Bank did not open its doors today. The court appointed a receiver.
Source: newspapers

4. July 29, 1904 Other

Newspaper Excerpt: W. G. Taefel, receiver of the Newark Savings Bank, committed suicide by drowning; left a note proclaiming innocence.
Source: newspapers

Newspaper Articles (20)

1. May 21, 1904 Evening Times-Republican Marshalltown, IA

Article from Evening Times-Republican, May 21, 1904

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Article Text

OHIO BANK FAILS Savings Bank at Newark, Ohio, Fails to Open Its Doors and Excitement Pre. vails-Working People Were Depositors. Newark, Ohio, May 21.-After a slight run yesterday the Newark Savings Bank did not open its doors today. The court appointed a receiver. The bank has thousands of deposits from working people here and there is great excitement. According to the receiver, discrepancies have been discovered in the books of the treasurer, James F. Lingafelter, but he has not been arrested.

2. May 21, 1904 The Daily Telegram Clarksburg, WV

Article from The Daily Telegram, May 21, 1904

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Article Text

NEWARK BANK FAILS. By Associated Press, Newark, O. May 21-W. C. Tafelt was appointed receiver today of the Newark Savings Bank at the request of the directors. There was a slight run on the bank yesterday. Discrepencies are reported in the accounts of the treasurer but no arrest has been made. The officials promise a statement soon.

3. May 21, 1904 Lewiston Evening Teller Lewiston, ID

Article from Lewiston Evening Teller, May 21, 1904

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Article Text

Bank Suspends (Special Telegram to. Evening Teller.) NEWARK. O., May 21.-The Newark Savings bank placed in the hands of a receiver this morning on petition of the president. The liabilities are $200,000 and assets two-thirds.

4. May 21, 1904 Rock Island Argus Rock Island, IL

Article from Rock Island Argus, May 21, 1904

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Article Text

THOUSANDS OF POOR ARE LOSERS Big Savings Bank Closed-Treasurer Said to be Short. Newark, Ohio, May 21.-After a slight run yesterday the Newark Savings bank did not open its doors today. The court appointed a receiver. The bank has thousands of deposits from the working people here. There is great excitement. According to the receiver, discrepancies have been discovered in the books of the treasurer, James F. Lingafelter.

5. May 21, 1904 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, May 21, 1904

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Article Text

BANK FAILS TO OPEN. Has Thousands of Depositors Among the Working People. Newark, O., May 21.-The Newark Savings bank did not open its doors today and the court has apopinted a receiver. The bank has thousands of deposits from the working people here and there is great excitement. Discrepancies are said to have been discovered in the books of one of the officers.

6. May 21, 1904 The Paducah Sun Paducah, KY

Article from The Paducah Sun, May 21, 1904

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Article Text

A BANK SUSPENDS. Newark, O., May 21.-The Newark Savings Bank failed this morning. A notice was posted saying that a receiver would be appointed. Alleged discrepancies on the part of the cashier are given as the cause. The liabilities are over two hundred thousand dollars.

7. May 22, 1904 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, May 22, 1904

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Article Text

Bank Fails to Open. NEWARK. Ohio, May 21.-The Newark Savings bank did not open its docts today and the court appointed a receiver for the bank in the person of W. G. Taefel. For the past two days there have been rumors regarding the bank, and yesterday there was a slight run on the institution, and last night the directors decided that they would not open this morning. The bank has thousands of deposits from the working people here. and there is great excitement. According to the report of Mr. Taefel, discrepancies have been discovered in the books of the treasurer, James Lingafelter.

8. May 24, 1904 The Bellefontaine Republican Bellefontaine, OH

Article from The Bellefontaine Republican, May 24, 1904

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Article Text

A Savings Bank Falls, Newark, O., May 23.-The Newark Savings bank did not open its doors Saturday and the court appointed W. G. Taefel receiver. The bank has thousands of deposits from working people here. According to the report of Mr. Taefel, discrepancies have been discovered in the books of the cashier, James F. Lingafelter, who has gone to Columbus to enter a sanitarium. The irregularity in the books is said to be nearly $50,000.

9. May 24, 1904 Ottumwa Tri-Weekly Courier Ottumwa, IA

Article from Ottumwa Tri-Weekly Courier, May 24, 1904

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Article Text

RUN ON BANK newark, OHIO, INSTITUTION CLOSED-CROOKED ACCOUNTS REPORTED. Newark, Ohio, May 21.- After a slight rún yesterday the Newark Savings bank did not open its doors today and the court appointed receivers. The bank has thousands of deposits from the working people here and there is great excitement. According to the receiver discrepancies have been discovered in the books.

10. May 27, 1904 The Clarksburg Telegram Clarksburg, WV

Article from The Clarksburg Telegram, May 27, 1904

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Article Text

NEWARK BANK FAILS. By Associated Press. Newark, O., May 21-W. C. Tafell was appointed receiver today of the Newark Savings Bank at the request of the directors. There was a slight run on the bank yesterday. Discrepencies are reported in the accounts of the treasurer but no arrest has been made. The officials promise a statement soon.

11. May 27, 1904 The Aberdeen Democrat Aberdeen, SD

Article from The Aberdeen Democrat, May 27, 1904

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Article Text

Ohio Bank Failure. Newark, O., May 23.-The Newark savings bank did not open its doors Saturday, and the court that morning appointed a receiver for the bank in the person of W. G. Taefel. For several days there have been rumors regarding the bank, and Friday there was a slight run on the institution and that night the directors decided that they would not open Saturday morning. The bank has thousands of deposits from the working people here, and there is great excitement.

12. May 27, 1904 The Ely Miner Ely, MN

Article from The Ely Miner, May 27, 1904

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Article Text

Ohio Bank Failure. Newark, O., May 23.-The Newark savings bank did not open its doors SatSurday, and the court that morning appointed a receiver for the bank in the person of W. G. Taefel. For several days there have been rumors regarding the bank, and Friday there was a slight run on the institution and that night the directors decided that they would not open Saturday morning. The bank has thousands of deposits from the working people here, and there is great excitement.

13. July 29, 1904 The Daily Palladium Richmond, IN

Article from The Daily Palladium, July 29, 1904

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Article Text

Drowned in Licking River. (By Associated Press.) Newark, O., July 29.-Receiver W. C. Taefel, of the Newark Savings Bank, was found drowned in the north fork of Licking river. He left a note that he was innocent regarding the bank failure, but was ruined financially. Therefore he sought death.

14. July 29, 1904 The Washington Times Washington, DC

Article from The Washington Times, July 29, 1904

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Article Text

OHIO BANK RECEIVER COMMITS SUICIDE NEWARK, Ohio, July 29. - W. G. Taafel, receiver of the Newark Savings Bank, committed suicide by drowning late Thursday night, his body being found in the Licking River early this morning. He is said to have worried over financial affairs.

15. July 29, 1904 The Paducah Sun Paducah, KY

Article from The Paducah Sun, July 29, 1904

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Article Text

WORRIED TO DEATH AN OHIO BANKER DROWNS HIMSELF IN LICKING RIVER. Newark, O., July 29 -W. G. Tafel, receiver of the Newark Savings Bank, committed suicide today by drowning. His body was found in Licking river this morning. Worry over financial affairs 18 thought to be the cause.

16. July 29, 1904 The Fairmont West Virginian Fairmont, WV

Article from The Fairmont West Virginian, July 29, 1904

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Article Text

Bank Receiver Dead. NEWARK, O., July 29.-W. G. Taafel, receiver of Newark Savings Bank, suicided by drowning late Thursday night, his body being found in the Licking river, early Friday morning. He is said to have worried over financial affairs.

17. July 29, 1904 Daily Capital Journal Salem, OR

Article from Daily Capital Journal, July 29, 1904

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Article Text

Money Matters Muddle Him. Newark, Ohio, July 29.-W. G. Taffel, receiver of the Newark Savings Bank, committed suicide by drowning. It was caused by worry over financial affairs.

18. August 4, 1904 The News-Herald Hillsboro, OH

Article from The News-Herald, August 4, 1904

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Article Text

Worry Caused Suicide. Newark, O., July 30.-W. G. Taafel, receiver for the defunct Newark savings bank, was found dead, lying in the North Fork of Licking river, a few feet southeast of Main street bridge, Friday morning. Worry over bank matters is the supposed cause of his suicide.

19. August 9, 1904 Wausau Pilot Wausau, WI

Article from Wausau Pilot, August 9, 1904

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Article Text

# Bank Receiver a Suicide. Receiver W. G. Taefel of the Newark (Ohio) Savings Bank and supreme secretary of the American Insurance Union, was found dead by Samuel Oden in Licking river. He left a note saying that he was innocent of any wrong leading to the failure of the bank and that he was ruined financially and therefore had decided to kill himself.

20. December 9, 1904 The Wisconsin Tobacco Reporter Edgerton, WI

Article from The Wisconsin Tobacco Reporter, December 9, 1904

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Article Text

His Shortage Is $75,000. Newark, O., Dec. 6.-Receiver A. A. Stacel, of the Newark Savings bank, announces that the shortage of James F. Lingafelter in the savings bank, as disclosed by an examination of the books, is about $75,000.