gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8b76a0f50b5a74e7
Response Measures
None
Description
A 1930 rumor-driven run was resolved, but a larger run in Jan 1932 led to closure and receivership.
Events (5)
1.May 26, 1930Run
Cause
Rumor Or Misinformation
Cause Details
Groundless false rumor circulated in the Italian section that the bank was insolvent, prompting withdrawals.
Measures
State banking commissioner investigated; public assurances; depositors and priests helped restore confidence; many depositors redeposited funds.
Newspaper Excerpt
Officials ... began an investigation of which over the in withdra of about $200,000 from the bank. ... the mysterious report ... that the bank was insolvent ... Shippee said the heavy withdrawals would not affect the soundness of the bank.
Source
newspapers
2.May 28, 1930Run
Cause
Rumor Or Misinformation
Cause Details
Depositors' confidence restored after public assurances and redeposits following the rumor-driven withdrawals.
Measures
Public assurances by officials and mayor's deposit; many new accounts opened and redeposits made.
Newspaper Excerpt
The run on the City Bank & Trust company appeared ended yesterday afternoon when depositors ... redepositing their money. ... Mayor Batterson ... made a substantial deposit ... assured listeners of the stability of the bank.
Source
newspapers
3.January 1, 1932*Other
Newspaper Excerpt
Banks thruout the city immediately invoked the rule of ninety days notice for withdrawals. All day Monday anxious crowds formed in front of all savings banks here, as well as the postal savings, calling for a return of their deposits.
Source
newspapers
4.January 2, 1932Suspension
Cause
Local Banks
Cause Details
Heavy withdrawals and runs (also contemporaneous local bank closures and withdrawals) led directors to request closure and state banking department to shut the bank to protect assets.
Newspaper Excerpt
The City Bank and Trust company of this city was closed today by the State Banking department at the request of the bank directorate to preserve the assets.
Source
newspapers
5.January 7, 1932Receivership
Newspaper Excerpt
Thomas Hewes ... was appointed temporary receiver of the City Bank and Trust company of Hartford by Judge ... in Superior court.
Source
newspapers
Newspaper Articles (24)
1.May 27, 1930The Boston Daily GlobeBoston, MA
Click image to open full size in new tab
Article Text
SEEK CAUSE OF RUN ON BANK AT HARTFORD
HART Conn, May 26 (A. P.)Officials of the State Department of Banking and the City Bank and Trust Company today began an investigation of which over the in withdra of about $200,000 from the bank. Bank Commissioner Lester E. Shippee said the mysterious report which gained wide circulation the Italian was and that the bank was solvent and in sound Many of the depositors withdrew all but small portion of their savings, beginning Saturday morning when about $50 was withdrawn. The run continued today, totalling about $150,000. Shippee said he would press his investigation in the hope of apprehending the person who started the false report and prosecuting him. He said the heavy withdrawals would not affect the soundness of the bank.
2.May 28, 1930New Britain HeraldNew Britain, CT
Click image to open full size in new tab
Article Text
Run On City Bank Ends As Depositors Return Hartford, May 28.-The run on the City Bank & Trust company appeared ended yesterday afternoon when depositors withdrawing their funds mingled with others who were redepositing their money. Although yesterday's withdrawals amounted to $400,000. the deposits reached $160,000, much of this sum being returned by depositors who had recovered their confidence in the institution. Mayor Batterson called at the bank during the morning and after making a. substantial deposit made a brief address in which he assured his listeners of the stability of the bank. Many other new accounts were opened by business and professional men. FOR BEST RESULTS USE HERALD CLASSIFIED ADS
3.May 28, 1930Hartford CourantHartford, CT
Click image to open full size in new tab
Article Text
Baseless Fears
Were not so inimical to the welfare of the community, "run" on bank would seem merely pitiable of human fear. Probably few of those who, with scores others, seek withdraw their savings from trusted institution could cogently explain their action. Because others without the slightest casion appear to have confidence, their own shaken. The contagion spreads, the reason the individual yields psychology. Better judgment has returned many those during the days, withdrew their from the City Bank and Trust Company. One the old banks of Hartan unblemished reputation for safely protecting the funds its care. With ample hand meet demand, its financial condition was never sound. Its security attested to not only the State Bank Mr. Lester Shippee and the Hartford Clearing House by every substantial man affairs in the community. management in the hands of men unquestioned integrity and responsibility. Those who have deposited money with have not least reason to fear for the safety of their funds. Such "run" as has been in progress could resulted only from spread of rumor and gossip having basis whatever in truth. Malicious not, such tales should be traced their source the proper authorities. one bank, but the whole suffers from irresponwhispering against trusted institutions.
LINDBERGH TESTS NEW "FLEETSTER" PLANE
Morrow Wet Stand Approved by Sister Special Journal New York, May 28.-Mrs. Agnes Morrow Scandret, sister of Dwight W. Morrow, candidate in the republican primaries for United States senator from New Jersey, who returned today from world cruise on the Hamburg American liner Resolute, approved her brother's recent declaration in favor of the repeal of the Eighteenth amendment.
Priests Help Stop Eastern Bank Run
Special to The Journal. Hartford, Conn., May 28.-As result of a groundless rumor circulated throughout the Italian sec- tion here, more than 300 persons took part in run on the City Bank & Trust company and withdrew approximately $300,000 before officials could convince them the institution was on sound basis. A squad of police reserves worked inside the bank and in the adjoining street to keep the depositors in line. Priests from Hartford's east side mingled with the crowd and aided in restoring confidence in the bank.
THE new fleetster plane made by the Consolidated Aircraft Corporation of Buffalo, which was tested by Colonel Charles A. Lindbergh at Roosevelt Field, N. Y The new ship is an all-metal "job." today while one of the boys was near death in hospital. The child Edward Valjazz, 12 years old, was not involved in the window-breaking. his companions said.
Watchman, 81, Jailed In Shooting of Boy Cleveland, May (U.P.)- Ellis Napper, 81-year old night watchman, who fired on group of small boys "to scare them' after they batted a baseball through window of his facory, was in jail
5.May 29, 1930Putnam PatriotPutnam, CT
Click image to open full size in new tab
Article Text
Some weeks ago Mayor Walter E. Batterson of Hartford was called before the grand jury investigating illegal liquor traffic in the Captial city. He was asked concerning a purchase of liquor and refused to answer on the ground that his answer might incriminate him. Now that the supreme court has ruled that the purchaser of liquor does not commit a criminal act by such purchase it is said Hartford's mayor may be recalled and the question of his purchase again submitted to him for answer. A special session of the senate to act on the London Naval Treaty has been agreed to by President Hoover and senate leaders. The treaty session will be ordered convened immediately after the regular session. In Tacoma, Washington, a robin's nest with three blue eggs in it was discovered in a freight car on a siding. The superintendent of the road was notified and he immediately gave orders not to move the car until the eggs are hatched and the young robins are able to fly. The City Bank & Trust Company of Hartford found itself in a predicament similar to that of a Putnam bank a year or two ago. Someone started a false rumor concerning the bank and a run started. Before depositors were convinced that the institution is sound, approximately $300,000 had been withdrawn by timid depositors. The small run was easily met and the state bank commissioner issued a statement that the bank is sound and strong. An endeavor is being made to trace the source of the false rumor. According to advice from Washington J. Henry Roraback, for eighteen years chairman of the Republican state central committee, is seriously considering retiring. In marked contrast to the bitter controversy ending in the rejection of Judge J. J. Parker of No. Carolina, previously nominated by President
6.May 29, 1930The DayNew London, CT
Click image to open full size in new tab
Article Text
ett statement should not be taken seriously. Even as is true that Protestants or non-churchmen must voted for Al Smith. also that there literally aren't enough church votes in the country to give Mr Hoover the tremendous strength he showed in 1928.
The Run On the Bank had bank run the other day. It appears to been altogether senseless. not from the largely of one deposits the defunct statement Esposo are tied up. This man remarked publicly that the D'Esposo bank no worse off than lot of others, naming the City Bank & Trust Co. Whereupon the fun The City bank turned out to be exceptionally solvent. It paid off its depositors fast as they came, and they came pretty Pretty was restored, until some damage had been done. but most are costly bank. The people who startSuch runs ed the rumor ought to be made to pay the costs some-
Bank Commissioner Shippee is investigating. There are rumors of criminal prosecution. It to be hoped that criminal intent deed can be proved. the prosecution will follow. The Hartford incident was one which called loudly for retribution
7.January 2, 1932The RepublicanSpringfield, MA
Article Text
SEVERAL OTHER INSTITUTIONS INVOKING THE 90-DAY CLAUSE
East Hartford Bank Also Suspends, Restraining Order Is Issued
Ct., Jan Bank and Trust today every savings bank savings department vicinity promptly evoked the notice provision tection depositors. Despite the closed bank there sign of undue uneasiness. in 1851. the City Bank and Trust, by mergers and steady total asof $30,500,000 as of its last cial
Heavy Withdrawals
The bank by ing George J. Bassett on request of the after an all-night plans were immediately taken under hopes pressed that full repayment of savings depositors be eventually effected. The bank severe more than year ago following circulation of false rumors concerning its Commissioner Bassett issued statement bility to to meet steady and heavy bank, founded and capitalized for $1,000,000, was of the largest this Its was $2,000,000, and undiv profits nearly of its deposits were in the savings depart"They had reached the limit of their liquid and unable to securities at this time except at great sacrifice, conditions in the due security said Commissioner Bassett's "Effort made during the which would supply sufficient uid capital to meet all of time made tion impossible. "The therefore, at meeting last night that in justice all the they the banking department place temporary order and this this at the moment in is will be sufficient to eventualall depositors. In meantime it is the reorganization may be effective in the result of the run on the City Bank and Trust it was today that all mutual would the in permits them demand notice of to deposits. This it the request of the bank commisorder that public may be and may be assured their being protected."
Second Bank
City Bank Trust company in the the Hartford Trust shut issued State Bank George request statement had $2,067,000 was incorporated 1916.
8.January 2, 1932The Buffalo TimesBuffalo, NY
Article Text
CAROLINA BANK FAILS TO OPEN
By Associated Press
CHARLESTON, S. C., Jan. 2.—The People's State Bank of Charleston, with 44 branches in 41 cities and towns and having deposits at the time of its last statement of $24,443,690, did not open for business today.
Its board of directors last night in a statement said it had decided to turn the affairs of the system over to the state bank examiner for a period of 30 days pending hoped for reorganization.
By International News
HARTFORD, Conn., Jan. 2.—The City Bank and Trust company of this city was closed today by the State Banking department at the request of the bank directorate to preserve the assets.
Incorporated in 1851, the City Bank and Trust as of its last financial statement had capital of $1,000,000 and surplus of $2,000,000. Savings deposits were more than $16,000,000 and commercial deposits approximately $8,662,000.
CONNECTICUT BANK CLOSED.
Hartford Conn., January 2-(AP) The City Bank & Trust Co. did not open for business this morning The bank was incorporated in 1851. In report to the State Banking Commission the savings deposits were given at $15,500,000, commercial de posits at $5,500,000, capital $1,000,000 surplus $2,000,000 and total resources $25,000,000 The East Hartford Trust Company closed at noon after heavy withdrawa the morning The State Bank who issued temporary restraining order, said the action was necessary to protect depositors The bank's assets are $3,540,000. with deposits totaling
10.January 3, 1932The Springfield Daily RepublicanSpringfield, MA
Article Text
BANKS IN HARTFORD CLOSE AFTER RUNS
City Bank and Trust and East Hartford Trust Shut Others Will Require 90 Days' Notice Hartford, Jan. City Bank and Trust company East Hartford Trust company today because heavy withother banks here require days' notice for savings accounts of $100 or City Bank Trust company, with deposits and accounts directors asked banking department business action heavy from the East Hartford which noon protect total commercial deposits George bank comthe City Bank Trust should to pay all depositors
11.January 3, 1932The Springfield Daily RepublicanSpringfield, MA
Article Text
BANKS IN HARTFORD CLOSE AFTER RUNS
City Bank and Trust and East Hartford Trust Shut Others Will Require 90 Days Notice Hartford, Jan. City Bank Trust company the East Hartford Trust company closed because heavy withtoday drawals, and other banks here cided require days' notice for removing savings accounts $100 more. The City Bank Trust company, commercial deposits $5,500,and savings accounts of $15,500,not after the directors asked the banking department to take over the business. The action brought heavy withdrawals from the East Hartford bank, which closed noon to protect depositors. Its savings and commercial deposits $747,000. George J. Bassett, state bank comthe City Bank and Trust in 1851, vance should able to pay all depositors eventually.
12.January 7, 1932The Daily WorkerNew York, Chicago, NY
Click image to open full size in new tab
Article Text
HARTFORD BANKS SHAKEN BY LONG RUNS ON MONDAY Savings Banks, Gov't Postal Savings Are Stormed In City HARTFORD, Conn. - Following the closing of the city bank and trust Co., the East Hartford Trust Co. Saturday, a run of major proportions developed here Monday when depoitors of all savings banks and governmental postal savings stormed the banks and formed long, insistent lines until the Federal Reserve Bank of Boston rushed $1,000,000 to meet the demands of the depositors. Banks thruout the city immediately invoked the rule of ninety days notice for withdrawals. All day Monday anxious crowds formed in front of all savings banks here, as well as the postal savings, calling for a return of their deposits. Bank officials are seeking to cover up the seriousness of the situation by the usual promises of "rehabilitation" and "need for confidence." . * The Freehold Trust Co. of Freehold, Monmouth County, New Jersey placed its affairs in the hands of the state department of Banking and Insurance after a period of heavy withdrawals. Depositors Try Recover Money. Desperate because of the closing of the People's State Bank of Monck's Corner, S. C., two depositors forced an entrance into the closed bank and took $2,000, a sum equal to that which they had in deposits at the time of the bank closing. The two depositors later surrendered to the sheriff, after burying the money they took.
13.January 7, 1932Hartford CourantHartford, CT
Article Text
Considers Overnight Bank Commissioner's Recommendation Be Named
Tells Of To Reorganize
Bank Reveals Directors Have Arrangements Under AdUrges Speed
Approval of the appointment Attorney Thomas Hewes, of Farmington. chairman the board of the Riverside Trust Company, receiver the closed City Bank & Trust withheld by Judge Allyn Brown of the Superior Court afternoon. The court indicated he would give the application Bank sioner George Bassett for Mr. Hewes's appointment. through Assistant Bernard Kosicki, careful consideration overnight and announced will make known his decision opening of court today. Plan Reopen Bank. During the hearing. which lasted than half an hour adjourned Mr. Bassett took the stand and disclosed there definite plan for reorganireopening the closed bank and that the appointment of receiver hamper this plan The bank commissioner said plan being worked out by the bank directors. Mr. told the court he had decided recommend Hewes canvass bankers Hartford. He said would have preferred have the large central banks Hartford receiver but each had refused. giving their they did wish take detail receivership addition their lar work.
Asks Hewes's Connections. Judge Brown inquired Mr. BasMr. Hewes's and asked Mr. Hewes, or the firm of Cole, with which connected. the closed bank with the creditors of the bank. Mr Bassett said he did not know any Mr. his law firm and the bank its creditors. With regard to Mr. Hewes's the bank missioner told the court that Hewes an experienced lawyer played an important the and reopening the Riverside Trust Comboard which now heads. said that Mr. Hewes respected Hartford's large nancial
Holden Urges Speed. Besides the large Hartford banks, Mr. Bassett had possible Attorney FranCole of Hewes's law firm Attorney Howard. firm Day, Berry Reynolds. Appearing group of depositors, Attorney Benedict Holden did express himself the posed appointment Hewes receiver confined himself the court name as group appraisers for Pointing serious city the other banks caused the
14.January 7, 1932Hartford CourantHartford, CT
Article Text
Withholds Decision On Bank Receiver
(Continued from Page 1.) closing of the City Bank & Trust Company, Holden that would be the work of the appraisers to give the depositors correct picture of the conditions existing the closed bank. He said he believed their findings would aid in restoring confidence in the banks Hartford Mr. Holden told the court that the depositors of the closed bank number of the city's
Hearing Friday.
Mr. Holden said he felt the duty of the court aid in removing from the public mind the idea that things are being done behind closed doors. He said that list of possible praisers would submitted the court as possible. Mr. Holden told Judge Brown that to the shaken confidence of the public in banks thousands their and putting in postal trend which he said might acts to prevent suffering. Mr. Holden "when private either fail to act or not know what to do. becoming apparent that capital does not know how act. The government going once steps will never step out. These so-called capitalists ought realize it. Here an opportunity for their effort. Unless situations these are in my opinion there will not be privately owned bank in the country in Frank A. Hagarty. vice-president and counsel closed bank and Attorney Harrison B. Freeman of the board of directors agreed with Mr. Holden's position but urged that careful consideration be given naming of the Mr. said their appointment should wait until the receiver has been by the court and Mr that be needed proper appraisal of the bank's holdings He said that while the value of the bonds and securities are readily, the appraisal of the bank's require great deal of His recommendation that the appointment of appraisers be deferred until Friday with general Judge Brown indicated that if he names receiver today he would accept the of Mr. Bassett and fix bond. Tells of Withdrawals.
Judge Brown inquired of the bank commissioner when Mr. Bassett took the stand what the of the bank when closed. Mr. Bassett said that in such condition that would been unable to secure funds pay the expected lacking the bond capamoney for loans. He said that total of $500,000 in loans had been that had been steady withdrawal of commercial deposits and that $500,000 more be taken out on January 2, the day the bank was closed.
Has Nearly $5,000,000. Mr Bassett disclosed that there was indicated an impairment of the capital of the bank, which $1,000,000. caused by the shrinkage of its securities. A more favorable side of the picture he drew was that there are between $4,000,000 and 000,000 in quick assets, that is securities readily convertible into cash, cash on hand and deposits in other banks. Mr. Freeman told the court that the bank has in mortgages and $7,000,000 in commercial loans Most of its investments are in 3AAA bonds and only one bond, for $7000. has dropped the BAA standard. Hewes Active.
Mr. Hewes, the proposed receiver for the City Bank & Trust Company, has been active in bank receiverships for more than year. In addition to playing an important in the reopening the Riverside Trust Company, which ditional capital and deposits. he actas counsel the Merchants Bank Trust Company, receiver for closed Pallotti, Andretta Bank He resigned as counsel in that case after opposition had been made by the Pallotti. Bank his fee against that On Monday the Bank Company the Trust Company. is planned stitute for the Pallotti, Andretta Bank Attorney William Mulligan and treasurer of the Merchants bank until the merger Attorney Allen E. Brosmith, who represented the depositors committee in opposing the fee granted Mr. Hewes as counsel for the Pallotti Andretta Bank receiver is now counsel for receiver, having succeedMr.
Reorganization Discussions. Plans for reorganization reCity Bank Trust opening Company gathered momentum Wednesday it can now be stated authoratively plan has been formulated the bank reopens with new capital Further that those gaged promoting the plans the bank would no Further progress was made with the plans in connection the reopening of the East Hartford statement at this time would The Bank Trust Comofficers also made further progress with their plans but regard little early to make definite statement The Travelers Bank Trust Company named as temporary receiver. Wednesday. Appraisals First. Before definite plans for can be formulated be to have appraisals made in order determine the exact condition the banks With this hand those in the the institutions can Bank Business Normal. Banking conditions were increasmore normal and any day, during periods of boom activity.
Storrs Dean Speaks.
Storrs, Jan. SumDole Connecticut Agricultural College said parents were sponsible for handicaps which hindered the work college students. talk broadcast tonight WCAC. Students he said. are often forced enter college against best interests by on their for specific and un congenial occupation He urged that early take only light work under careful supervision.
15.January 7, 1932The JournalMeriden, CT
Article Text
RECEIVER IS
Jan. Thomas Hewes, attorney and banker was today appointed temporary receiver of the City Bank and Trust company of Hartford by Judge lyn Brown in Superior court. Judge Brown. who has been considering nomination Mr. Hewes overnight said he considered an excellent every way. Bonds are $200,000 of which $100,000 primary coverage and $100,000 in liability. Date for confirmation of the temporary receiver and the appointment of praisers set for Tuesday, Jan uary Notice to be sent all creditors of the bank other than depositors. The for of the ceiver presented by Assistant Attorney Kosicki. Harrison Freeman and Frank of the bank and M. Holden, certain presented this mornthe time the appointment made.
16.January 8, 1932The Philadelphia InquirerPhiladelphia, PA
Article Text
PHILA. WOOL TRADE OUTLOOK BRIGHTER
Dun & Co. Reports Fair Response to Retail Clearance Sales During Week
Retail trade during the current week was occupied chiefly with clearance sales, with fair response reported for the majority of the events, R. G. Dun & Company says has not come up to the expected total but it still is too early to judge the trend for the month In the dry goods trade. prices have shown almost no improvement, and sales reveal only moderate crease Sales of -fashioned hosiery during the past two weeks have been far below normal, and manufacturers report that business is being placed for future delivery. doubtless due to the uncertainty of prices. Collections in this trade continue slow. Wool merchants report that business during the past month showed change for the better, although it was slight. This trade has an unusually bright outlook for the next months. Manufacturers of clothing report that prospects are fair to good for spring. but the better lines are not selling so freely as they did year ago Manufacturers of knitted sport coats, bathing suits and kindred items state that there has been little current demand for merchandise in the last two weeks. During the first two weeks of December, there was considerable activity in pre-holiday the spring of 1932, a number of mills have booked satisfactory volume of business on bathing suits.
Bank Receiver Named HARTFORD. Conn., Jan. (A P.) Thomas Hewes, attorney and banker, was appointed temporary receiver today of the City Bank & Trust Company, of Hartford, by Judge A1lyn L.Brown in Superior Court. The bank had deposits about $20,000.000 when it closed last week.
Wire Companies Mergo The New York Insulated Wire in operation here for many years. has become unit of the sex Wire Corporation Detroit The merger was completed today.
Attorney Francis T. Reeves. counsel for the Citizens & Manufacturers National Bank and Thom. as F. Moore, in charge of receivership at the Merchants Trust Co., were among the 23 lawyers attending the session of the supreme court of errors at Hartford yesterday when four questions of law relating specifically to the Hartford City Bank & Trust company recelverships, but which may be applied TO other bank receiverships in Conecticut were presented. Several bank receivers in other parts of the state joined in the case which was reserved to the supreme court after a conference between Judge Allyn Brown. Judge Newell Jennings and Judge Edwin
18.September 4, 1932The Springfield Daily RepublicanSpringfield, MA
Article Text
HARTFORD BANK DEPOSITORS TO SOME MONEY
Court Instructs City Bank Receivers to Pay 15 Per Cent Dividend
REORGANIZATION PROPOSAL FAILS.
Investigation in Case of Child Who Died After Accident in Pope Park Results in Recommendations
From Our Special Correspondent. Hartford, Sept. news week. affecting thousands of Hartford was the order by Judge Arthur Ells of the superior court for the City Bank and Trust company, to pay per cent dividend to the depositors the department. Closing the bank major tragedy in Hartford affairs; Judge Ells Thursday discussing from the bench liquidation. The difficulty has been enough There deposits about of them depositors support the whereby the depositors would their bank work own quite cent the plan and Judge not grant for committee add to the signatures. to have large majority the could commitobtain that large hand Receiver Thomas 15 cent the savings department. Plans under sell the department of the
Investigation in Hanshaw Case The has seethed the past following little Shirley 604 struck Pope ago died the doctor four hours. The the board deresulted the disCohen. dispensRosella Pope more handling and that city cases direct doctor instead leaving President report of his with the Beginning next month the banks make charge of cents for handling each check specified number (about per based in account the One element the displaces the cents charge accounts less than $100 balances and to make small near the cost of handling. probably take Hartsmaller business men little time used this check fee the check in less Indications that justice these Louis Gentile, jail for obtaining money from welfare $30 week roads Unionville. attempting the poor Paul Peter's church street. Gentile laid fraud upon his who, wanted accumulate money pay some bills, that working. Griffin offered What portends weeks before the common pleas who street board the street project. More 20 estate appraisin week and the interand by CorpoCounsel Frederic Corbett furnish contention.
19.March 11, 1933Hartford CourantHartford, CT
Article Text
City Bank Receiver Will Be Allowed to Cut Mortgage Rate After a hearing in the Superior Court Friday, which had been continued from the previous week, Judge Newell Jennings said he would sign an order the receiver the City Bank & Trust Company to the interest rate on mortgages to the prevailing rate in Hartford. Several Hartford banks have reduced the rate from to 5½ per cent. Thomas Hewes, the receiver of the bank. Lucius F. Robinson, Sr. and Barclay Robinson, appeared in favor of the motion.
Hadassah to Present Dance Soloist Tuesday Miriam Louis, soloist of the Ruth St. Denis group of American dancers, will appear in recital at the Weaver High School auditorium Tuesday evening under the auspices of the Hartford Chapter of Hadassah. the women's Zionist organization. Proceeds will be devoted to Hadassah funds for rehabilitation work in Palestine.
20.June 10, 1933Hartford CourantHartford, CT
Article Text
City Bank Receiver To Take Over Property Of New Dom Hotel
The receiver the City Bank Friday by Judge Foster of Court to take Dom Hotel property Trumbull Church streets. which the closed departfirst the of ceiver's the court in interest owed the first $7000 taxes and due for and spent take the the hotel. said was granted claims $1500 in against inactive posits reserve fund, which totals $27,000.
With his white bulldog Zealand. walking around the world arrived recently Abroath, Scotland.
21.June 11, 1933Hartford CourantHartford, CT
Article Text
pensation for his work since December 12. 1932. Mr. Hewes whose resignation was made necessary by his appointment as an Assistant of the Treasury, did not ask for a specific fee and did not recommend anyone as his successor A hearing on his motions will be held next Friday The receiver. who is represented by Robinson, Robinson & Cole. has been paid total of $21,500 for his work during 1932 Mr. Hewes also requested the court to allow Mrs. Florence Gates Judd $33 609 and disallow the balance of her claim of $23 68 for rent of quarters at 75 Pearl Street to the Mutual Bank & Trust Company, which was taken over by the
City Bank, The City Bank receiver is responsible for rentals accrued and unpaid at the his appointmen under lease for the Mutual Bank quarters. lease was affirmed by the Supreme Court of Errors. but Mrs Judd's motion for segregation of the assets of the Mutual Bank from those of the City Bank was denied
22.June 16, 1933Springfield Evening UnionSpringfield, MA
Article Text
State Senator Alcorn Named Bank Receiver
HARTFORD, June (AP) State Senator Howard W. Alcorn of Suffield, minority leader of the session of the General Assembly today appointed receiver of the City Bank and Trust Company by Judge Carl Foster in the Superior Court. Senator Alcorn succeeds Thomas Hewes recently became Assistant Secretary of the Treasury in Washington.
23.June 17, 1933The Morning UnionSpringfield, MA
Article Text
State Senator Alcorn Named Bank Receiver
HARTFORD. June 16-(AP) State Senator Howard W. Alcorn of Suffield. minority leader of the session of the
General Assembly. was today appoint ed receiver of the City Bank and Trust Company by Judge Carl Foster in the Superior Court. Senator Alcorn succeeds Thomas Hewes who recently became Assistant Secretary of the Treasary in Washington.
TO REAPPRAISE CLOSED BANK Hartford, Conn., Dec. 17-(UP)Assistant attorney general Charles E. McLaughlin today applied to the superior court for authority to make a reappraisal of ? the condition of the closed City Bank & Trust Co., of Hartford. The move, it was understood, was made to correct of $2,000,000 in the institution's assets. The bank failed Jan. 2, 1932 and the receivership recently was taken over by the state banking department, replacing attorney Howard W. Alcorn.
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.
