gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c0fa1d6a6fec2a5e
Response Measures
None
Description
Receivers were appointed after the senior partner's death and the surviving partner's illness; bank placed in receivers' hands and did not continue.
Events (3)
1.September 18, 1900Receivership
Newspaper Excerpt
John Beresheim, vice president of the Council Bluffs Savings bank, and Louis F. Murphy ... were yesterday appointed receivers of the latter firm. Thomas Officer, senior partner, died last Wednesday. His son and administrator, Charles T. Officer, applied for the receivers because of the mental prostration of William H. M. Pusey, the surviving partner.
Source
newspapers
2.September 18, 1900Suspension
Cause
Government Action
Cause Details
Judge appointed receivers after death of senior partner and illness of surviving partner, effectively suspending bank operations.
Newspaper Excerpt
John Beresheim and Louis F. Murphy were last evening appointed by Judge Macy of the district court receivers of the private banking firm of Officer & Pusey of this city.
Source
newspapers
3.September 25, 1901Other
Newspaper Excerpt
Charles T. Officer, son of the late Thomas Officer and cashier of the defunct private bank of Officer & Pusey, now in receiver's hands, was indicted Monday on the charge of fraudulent banking, He was released in $3,000 bail.
Source
newspapers
Newspaper Articles (10)
1.September 18, 1900The Denison ReviewDenison, Dow City, IA
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Article Text
Council Bluffs, Sept. 18.-John Beresheim and Louis F. Murphy were last evening appointed by Judge Macy of the district court receivers of the private banking firm of Officer & Pusey of this city. The death of Thomas Officer and the illness of Mr. Pusey renders the proceedings necessary.
2.September 20, 1900Ottumwa Semi-Weekly CourierOttumwa, IA
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Article Text
Receivers for Private Banks. Council Bluffs, Sept. 18.-John Beresheim, vice president of the Council Bluffs Savings bank, and Louis F. Murphy, bookkeeper of the private banking-house of Officer & Pusey, were yesterday appointed receivers of the latter firm. Thomas Officer, senior partner, died last Wednesday. His son and administrator, Charles T. Officer, applied for the receivers because of the mental prostration of William H. M. Pusey, the surviving partner. Both Officer and Pusey came to Council Bluffs in 1856 and have ever since been in the banking business here. Mr. Pusey's condition is alarming. He represented the ninth Iowa district in congress in 1882.
3.October 11, 1900Evening Times-RepublicanMarshalltown, IA
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Article Text
W.H. M. Pusey Insane. Council Bluffs, Oct. 11.-W. H. M. Pusey, of the banking firm of Officer & Pusey, which went into the hands of a receiver a few weeks ago on the death of the senior partner, Thomas Officer, has gone insane and was committed to the state insane asylum at Clarinda. His condition ever since the death of his partner has been growing worse dally and Tuesday he became violent. Mr. Pusey has been in the banking business here since 1856 and at one time was democratic congressman from the Ninth district. Owing to his extreme age his recovery is considered most doubtful.
4.October 13, 1900Bryan Morning EagleBryan, TX
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Article Text
Banker Pusey Goes Insane. Council Bluffs, Oct. 12.-W. H. M. Pusey of the banking firm of Officer & Pusey, which went into the hands of receivers a few weeks ago on the death of the senior partner, Thomas Officer, has gone insane and was committed to the state insane asylum at Clarinda. His condition ever since the death of his partner has been growing daily worse, and Tuesday he became violent. Mr. Pusey has been in the banking business here since 1856, and at one time was Democratic congressman from the Ninth district. Owing to his extreme age his recovery is doubtful.
5.November 16, 1900The Denison ReviewDenison, Dow City, IA
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Article Text
William H. M. Pusey Dead. Des Moines, Nov. 16.-William H. M. Pusey of the banking firm of Officer & Pusey of Council Bluffs, now in the hands of receivers. died yesterday at the state insane asylum at Clarinda. Ia., where he was placed a few weeks ago. Mr. Pusey was born in Washington county, Pennsylvania, July 29, 1826. In 1858 he was elected state senator from the Pottawattamie senatorial district, then comprising 27 counties bordering on the Missouri river and extending eastward. In 1882 he was elected to the United States congress from the Ninth Iowa district on the Democratic ticket. The remains will be brought to Council Bluffs for hurial.
6.November 21, 1900Manchester DemocratManchester, IA
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Article Text
William H. M. Pusey Dead. Des Moines, Nov. 16.-William H. M. Pusey of the banking firm of Officer & Pusey of Council Bluffs, now in the hands of receivers, died yesterday at the state insane asylum at Clarinda, Ia., where he was placed a few weeks ago. Mr. Pusey was born in Washington county, Pennsylvania, July 29, 1826. In 1858 he was elected state senator from the Pottawattamie senatorial district, then comprising 27 counties bordering on the Missouri river and extending eastward. In 1S82 he was elected to the United States congress from the Ninth Iowa district OD the Democratic ticket. The remains will be brought to Council Bluffs for burial.
7.November 22, 1900The Leon ReporterLeon, IA
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Article Text
Death of Hon. W. H. M. Pusey. Council Bluffs, Nov. 16.-William H. M. Pusey, of the private banking firm of Officer & Pusey, now in the hands of receivers, died yesterday at the state insane asylum at Clarinda, where he was committed October 10. Mr. Pusey came to Iowa in 1856 and had been prominent in the business and political affairs of western Iowa. He was state senator 111 1858 and in 1882 was elected to congress from the Ninth district.
8.November 22, 1900Audubon RepublicanAudubon, IA
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Article Text
Death of Hon. W. H. M. Pusey. Council Bluffs, Nov. 16.-William H. M. Pusey, of the private banking firm of Officer & Pusey, now in the hands of receivers, died yesterday at the state insane asylum at Clarinda, where he was committed October 10. Mr. Pusey came to Iowa in 1856 and had been prominent in the business and political affairs of western Iowa. He was state senator in 1858 and in 1882 was elected to congress from the Ninth district.
9.November 22, 1900Audubon RepublicanAudubon, IA
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Article Text
Death of Hon. W. H. M. Pusey. Council Bluffs, Nov. 16.-William H. M. Pusey, of the private banking firm of Officer & Pusey, now in the hands of receivers, died yesterday at the state insane asylum at Clarinda, where he was committed October 10. Mr. Pusey came to Iowa in 1856 and had been prominent in the business and political affairs of western Iowa. He was state senator in 1858 and in 1882 was elected to congress from the Ninth district.
10.September 25, 1901Rock Island ArgusRock Island, IL
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Article Text
Banker Under Indictment. Council Bluffs, Ia., Sept. 25.-Charles T. Officer, son of the late Thomas Of. ficer and cashier of the defunct private bank of Officer & Pusey, now in receiver's hands, was indicted Monday on the charge of fraudulent banking, He was released in $3,000 bail.
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.