gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b030373fd7603c72
Response Measures
None
Description
The bank was closed by authorities after the president was adjudged insane; the run (mob agitation) occurred after the closure when depositors learned the vaults were empty.
Events (3)
1.November 3, 1912Receivership
Newspaper Excerpt
Federal officers took charge of the bank... Federal Judge Landis appointed the Central Trust company receiver.
Source
newspapers
2.November 3, 1912Suspension
Cause
Bank Specific Adverse Info
Cause Details
President adjudged insane and bank found to be looted/insolvent due to confidence schemes and gambling losses.
Newspaper Excerpt
When the bank closed its doors, November 3, 1912, Dr. Kirby could not be found by depositors.
Source
newspapers
3.November 4, 1912Run
Cause
Bank Specific Adverse Info
Cause Details
Discovery that the bank vaults contained only $852 following the president's insanity hearing.
Measures
Police were summoned to disperse the crowd.
Newspaper Excerpt
A mob of several hundred persons, representing about $50,000 in deposits, it is said, waited outside the bank doors and shouted in rage when the information as to the amount of funds was given them.
Source
newspapers
Newspaper Articles (21)
1.November 4, 1912Newark Evening Star and Newark AdvertiserNewark, NJ
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Article Text
BANK RUN BY INSANE PRESIDENT; JAIL CASHIER CHICAGO, Nov. 4.-That the business of the Kirby Savings Bank, a private institution, with assets and liabilities said to be about $150,000, had for a time been conducted by an insane man was learned here when federal officers took charge of the bank. William T. Kirby, president of the bank, was adjudged insane in the county court Friday and was placed in a sanitarium in Winnetka, Iil. The condition of the books and property of the institution will not be known until the bank examiners have reported. To avoid a panic among depositors of the bank the insanity hearing was conducted with secrecy. Later the cashier, D. J. Kirby, jr., was arrested on a municipal court warrant charging him with operating a confidence scheme.
2.November 5, 1912The Birmingham Age-HeraldBirmingham, AL
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Article Text
ANGRY DEPOSITORS CLAMOR FOR MONEY Chicago, November 4.-Vaults of the Kirby Savings bank, which was taken charge of by receivers yesterday on the discovery that William T. Kirby, prestdent of the institution, had been insano for some time, were today found to contain but $852. A mob of several hundred persons, representating about $50,000 in deposits, it is said, waited outside the bank doors and shouted in rage when the information as to the amount of funds was given them. Police were summoned to disperse the crowd. Total liabilities of the bank are unknown. The trial of Daniel J. Kirby, Jr., nephew of W. T. Kirby, and cashier of the bank, charged with operating a confidence scheme, was put over to November 15.
3.November 5, 1912Norwich BulletinNorwich, CT
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Article Text
ONLY $852 FOUND IN VAULTS OF BANK. President Discovered to Have Been Insane for Some Time. Chicago, Nov. 4.-Vaults of the Kirby Savings bank, which was taken charge of by receivers yesterday on the discovery that William T. Kirby, presiden't of the institution, had been insanne for some time, were today found to contain but $852. A mob of several hundred persons, representing about $50,000 in deposits, it is said, waited outside the bank doors and shouted in rage when the information as to the amount of funds was given them. Police were summoned to disperse the crowd. The total liabilities of the bank are unknown. The $852 was made up partly of small change and stamps.
4.November 5, 1912The Salt Lake TribuneSalt Lake City, UT
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Article Text
BANK VAULTS FOUND TO BE NEARLY BARE CHICAGO, Nov. -Vaults of the Kirby Savings bank. which was taken charge of by receivers yesterday on the discovery that William T. Kirby, pres. ident of the institution, had been insane for some time. were found to contain but $852.12 when the funds were counted today. A mob of several hundred persons, representing about $50.000 in deposits, it is said, was jammed outside the bank doors and shouted in rage when the information was given them. Police were summoned to disperse the crowd. The total liabilities of the bank are unknown. The $852.12 was made in part of change and stamps. The trial of Daniel J. Kirby, Jr., nephew of W. T. Kirby and cashier of the bank, charged in the municipal court with operating a confidence scheme, was put over to November 15.
5.November 5, 1912Atlanta Semi-Weekly JournalAtlanta, GA
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Article Text
CRAZY MAN HEAD OF BANK IN CHICAGO (By Associated Press.) CHICAGO, Nov. 4.-That the business of the Kirby Savings bank, a private institution with assets and liabilities said to be approximately $150,000, had for a time been conducted by an insane man, was learned here yesterday when federal officers took charge of the bank. William T. Kirby, president of the bank, was adjudged insane in the county court Friday, and was placed in a sanitarlum to Winnetaka, Ill. He was taken from the bank Thursday by his relatives. To avoid a panic among bank depositors, the insanity hearing was conducted in secrecy.
6.November 5, 1912The Daily BannerCambridge, MD
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Article Text
FIND $852 IN BANK TO PAY $50,000 DEPOSIT Prestdent is Insane and the Cashier Arrested. Chicago, Nov. 5.-The vaults of the Kirby Savings bank, which was taken charge of by receivers on Saturday on the discovery that Wiljiam T. Kirby, president, had been insane for some time, were found to contain only $852. Several hundred persons, represent-
7.November 5, 1912The Brunswick NewsBrunswick, GA
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Article Text
BANK WAS RUN INSANE MAN BY William T. Kirby, President of Insti. tution, Adjudged Insane. Chicago, Nov. 4.-That the business of the Kirby Savings Bank, a private institution, with assets and liabilities said to be approximately $150,000,had for a time been conducted by an insane man, was learned here yesterday when federal officers took charge of the bank. William T. Kirby, president of the bank, was adjudged insane in the county court Friday and was placed in a sanitarium in Winnetaka, Illinois. He was taken from the bank on Thursday by his relatives. To avoid a panic among depositors, the insanity hearing was conducted with secrecy.
LUNATIC DIRECTED A BANK Vaults Contain Only $852-Depositors of $50,000 Rage Outside. Chicago, Nov. 4.-Vaults of the Kirby Savings Bank, which was taken charge of by receivers yesterday on the discovery that William T. Kirby, President of the institution, had been insane for some time, were today found to cotain but $852. A mob or several hundred persons representing about $50,000 in deposits, it is said, waited outside the bank doors and shouted in rage when the information as to the amount of funds was given them. Police were summoned to disperse the terowd.
NO MONEY IN VAULTS. Chicago, Nov. 5.-Vaults of the Kirby Savings bank, which was taken charge of by receivers yesterdoy on the discovery that William T. Kirby, president of the institution, had been insane. were found to contain but $852.12 when the funds were counted today. A mob of several hundred persons representing about $50,000 in deposits, it is said, was jammed outside the bank doors and shouted in rage when the information was given them. Police were summoned to disperse the crowd. The total liabilities of the bank are unknown.
10.November 6, 1912The Madison Daily LeaderMadison, SD
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Article Text
INSANE BANKER LEFT LITTLE Only $852.12 Found in Vaults of Chicago Institution. Chicago, Nov. 6.-Vaults of the Kirby Savings bank, which was taken charge of by receivers on the discovery that William T. Kirby, president of the institution, had been insane, were found to contain but $852.12 when the funds were counted. A mob of several hundred persons representing about $50,000 in deposits, it is said, was jammed outside the bank doors and shouted in rage when the information was given them. Police were summoned to disperse the crowd.
11.November 7, 1912Fort Mill TimesFort Mill, SC
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Article Text
Vault Was Almost Bare. Chicago.-Vaults of the Kirby Savings Bank which were taken charge of by receivers on the discovery that William T. Kirby, president of the insttiution has been insane for some time, were found to contain but $852. A mob of several hundred persons representing about $50,000 in deposits, it is said, waited outside the bank doors and shouted in rage when the information as to the amount of funds was given them. Police were summoned to disperse the crowd.
12.November 7, 1912The Ward County IndependentMinot, ND
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Article Text
INSANE BANKER LEFT LITTLE Only $852.12 Found in Vaults of Chicago Institution. Chicago, Nov. 6.-Vaults of the Kirby Savings bank, which was taken charge of by receivers on the discovery that William T. Kirby, president of the institution, had been insane, were found to contain but $852.12 when the funds were counted. A mob of several hundred persons representing about $50,000 in deposits, It is said, was jammed outside the bank doors and shouted in rage when the information was given them. PoMoe were summoned to disperse the srowd.
13.November 13, 1912The Abbeville Press and BannerAbbeville, SC
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Article Text
INSANE MAN WRECKS BANK Only $852 Found in the Kirby Institution at Chicago. Chicago.-Vaults of the Kirby Savings bank, which was taken charge of by receivers on the discovery that William T. Kirby, president of the institution, had not been found for some time, were found to contain but $852. A mob of several hundred persons, representing about $50,000 in de. posits, it is said, waited outside the bank doors and shouted in rage when the information as to. the amount of funds was given them. Police were summoned to disperse the crowd. Total liabilities of the bank are unknown William T. Kirby, president of the bank, was adjudged insane in the county court and was placed in a sanitarium in Winnetaka, Ill.
14.November 13, 1912Smyrna TimesSmyrna, DE
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Article Text
Bank Looted; President Insane. The vauits of the Kirby Savings bank in Chicago, which waa taken charge of by receivers on Saturday on the discovery that William T. Kirby, president, had been insane for some time, were found to contain only $852. Several hundred persons, representing about $50,000 in deposits, it is said, waited outside and shouted in rage when the information as to the amount of funds was given them. The police were summoned to disperse the crowd. The total liabilities are unknown. The $852 was made up partly of small change and stamps. The trial of Daniel J. Kirby, Jr., nephew of W. T. Kirby, and cashier of the bank, charged with operating a confidence scheme, was put over by Judge Newcomer to Nov. 15.
15.November 24, 1912The Birmingham Age-HeraldBirmingham, AL
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Crazy Men as Bankers From the Chicago News. Illinois is about the only state in the union in which a crazy man is free to open a bank and advertise for deposits. A dishonest man, if possessed of any sense at all, would be moved by considerations of mere prudence to take better care of deposits intrusted to his custody than would a man bereft of reason. Banks run by bedlamites must be thought to show a refinement of irresponsibility that is sufficient to impress even the lighthearted opponents of a law requiring state supervision of private banks. Dr. William T. Kirby, head of the Kirby Savings bank. 5019 South Ashland avenue, which failed recently owing depositors about $30,000, with assets of less than $1000, has been adjudged insane in the county court. This finding has been questioned, some persons believing that there was method in the madness that looted the Kirby bank so effectually. Whether Kirby is insane or not his case serves to call attention to the fact that a man of unbalanced mind might, under existing conditions, hang out a sign as a banker and proceed to accept deposits without supervision or inspection by the public authorities. To many persons inexperienced in such matters all banks look alike. Though this community has strong and reliable national banks, subject to supervision by
16.April 17, 1914The Guthrie Daily LeaderGuthrie, OK
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BANK FAILURE DRIVES KIRBY TO DEATH Chicago, April 17-Dr. William T. Khiby, head of the defunct Kirby Savings bank. died at a hospital here today a mental wreck. Circumstances following the fallure of the Kirby bank have been aired in the federal court here for more than a year. When the bank closed its doors. November 3. 1912, Dr. Kirby could not be found by depositors. Later it was learned he was in a sanitarium. Shortly after this Federal Judge Landis appointed the Central Trust company receiver.
17.April 17, 1914New-York TribuneNew York, NY
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BANKER-DEFAULTER DIES Lost Mind After Swindlers Got Depositors' Money. Chicago, April 16.-Dr. William T. Kirby, head of the broken Kirby Savings Bank, died at a hospital here to-day, a mental wreck. Circumstances following the fate of the Kirby bank have been aired in the federal court here for more than a year. When the bank closed its doors, on November 3, 1912, Dr. Kirby could not be found by depositors. Later 1t was learned that he was in a sanatorium. Soon after this Federal Judge Landis appointed the Central Trust Company receiver. It was declared there was $30,000 in deposits in the bank, but none of the money could be found. Judge Landis ordered Dr. Kirby to produce the money or go -to jail for contempt. The former banker then told a story of wire tapping, saying he had lost the money by betting
18.April 17, 1914The Birmingham Age-HeraldBirmingham, AL
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WILLIAM T. KIRBY DIES MENTAL WRECK Head of Defunct Chicago Bank Succumbs to Strain Following Disastrous Business Affairs Chicago, April 16.-Dr. William T. Kirby, head of the defunct Kirby Savings bank, died at a hospital here today, a mental wreek. Circumstances following the failure of the bank have been aired in court here for more than a year. When the bank closed November 3. 1912, Dr. Kirby could not be found. Later, it was learned he was in a sanitarium. Shortly after this, Federal Judge Landis appointed the Central Trust company as receiver. It was declared there were $30,009 in deposits in the bank but none of the money could be found. Judge Landis ordered Dr. Kirby to produce the money or go to jail for contempt. Attorneys for the Kirbys and for the receiver finished their arguments, before Judge Landis only a few weeks ago and he announced he would take the case under advisement.
19.April 18, 1914Rock Island ArgusRock Island, IL
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CHIEF OF WRECKED CHICAGO BANK DIES CHECKERED CAREER OF DR. WIL. LIAM T. KIRBY COMES TO AN END IN A HOSPITAL. Chicago, Ill., April 18.-Dr. William T. Kirby, head of the defunct Kirby Savings bank, died at a hospital here yesterday, a mental wreck. Circumstances following the failure of the Kirby bank have been aired in the federal court here for more than a year. When the bank closed its doors, November 3, 1912, Dr. Kirby could not be found by depositors. Later it was learned that he was in a sanitarium. Shortly after this, Federal Judge Landis appointed the Central Trust company receiver. It was declared there were $30,000 in deposits in the bank but none of the money could be found. Judge Landis ordered Dr. Kirby to produce the money or go to jail for contempt. The former banker then told a story of wire tappers, saying that he had lost the money by betting on horses on which he had been led to believe he had advance information. Judge Landis doubted the story and cited Mr. and Mrs. Kirby for contempt. Contempt proceedings were then started against P. H. O'Donnell, Joseph Rosenthal, Frank Houlihan and Thomas B. Lantry, lawyers who represented Kirby. Subsequent development strengthened the wire tapping story, however, and several men were indicted. One of them, William Strosnider, was sent to the penitentiary for operating a confidence game. Dr. Kirby had been a prosperous physician on the south side but retired several years ago when he failed. Because of his extensive acquaintance, he started a private bank.
20.April 24, 1914The Mobridge NewsMobridge, SD
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To Examine Brain of Deceased. Chicago, April 18.-Dr. William T. Kirby, head of the defunct Kirby Sav. ings bank, died at a hospital here, a mental wreck. Circumstances following the failure of the Kirby bank have been aired in the federal court here for more than a year. When the bank closed its doors Nov. 1, 1912, Dr. Kir by could not be found by depositors. Later it was learned he was in a san itarium. Shortly after this, Federa! Judge Landis appointed the Central Trust company receiver.
21.December 12, 1914The Washington HeraldWashington, DC
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MORE POLICE OFFICIALS INDICTED IN CHICAGO Among Four Accused, Lieutenant and Detective Are Charged with Big Graft. Chicago, Dec. 11.-Six additional indictments were presented against police officials today. Those indicted were: Capt. John J. Halpin, former chief of detectives; two charges of operating a confidence game; under suspension. Lieut. John S. Tobin, Halpin's former first aid at headquarters; same charges, with bribery added. Walter O'Brien, former detective sergeant at headquarters; same charges as Tobin. Detective Sergeant William Egan, two charges of operating a confidence game. Lieut. Tobin is charged with having accepted bribes to protect the swindlers of Mrs. Hope L. McEldowney, of La Crosse, Wis., who was fleeced out of $15,500, and Mrs. Mary Rapp, of Naperville, III., who was swindled out of $11,000 by the Ryan brothers, Frank and James, posing as clairvoyants. O'Brien is accused of protecting wiretappers who robbed Dr. W. T. Kirby, of $20,000 and broke the Kirby Savings Bank. Capt. Halpin and Egan are accused in the clairvoyant scandal.
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.
