gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
230acd9a96bb47b0
Response Measures
None
Events (2)
1.February 10, 1909Receivership
Newspaper Excerpt
a receiver was named in the United States court (T. H. Bushnell) in voluntary bankruptcy action; liabilities near $1,000,000 and customers to suffer heavy loss. Received Bushnell says there will be considerable loss to creditors.),cause:null,cause_details:null}]} PMID:0
Source
newspapers
2.February 10, 1909Suspension
Cause
Voluntary Liquidation
Cause Details
Firm made a deed of assignment/insolvency filing (assignment in state court) citing business depression and illness of senior partner leading to insolvency
Newspaper Excerpt
made an assignment in the state court to T. H. Bushnell
Source
newspapers
Newspaper Articles (10)
1.February 10, 1909Rock Island ArgusRock Island, IL
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Article Text
BANK FAILS FOR MILLION Lamprecht Bros. & Co. of Cleveland Forced to Make Assignment. Cleveland, Feb. 10.-With liabilities running close to $1,000,000, the firm of Lamprecht Bros. & Co., bankers and brokers, yesterday made an assignment in the state court to T. H. Bushnell, who, in a later action in voluntary bankruptcy in the United States court, also was appointed receiver. The immediate cause for the assignment, it is stated, was the illness of the senior member, W. H. Lamprecht, who was stricken with partial paralysis two months ago, thereby preventing him from giving attention to the business. Receiver Bushnell says there will be considerable loss to creditors .
2.February 10, 1909The Salt Lake HeraldSalt Lake City, UT
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Article Text
BANKERS INSOLVENT. Lamprecht Brothers & Co. of Cleveland Make Assignment. Cleveland. O., Feb. 9.-Lamprecht Bros. & Co., bankers and brokers, filed a deed of assignment in the insolvency court today. The assignment was made to T. H. Bushnell. The assets were stated to be $50,000 above the liabilities. The only reason given for the assignment was "general business depression.' Lamprecht Bros. & Co. are members of the New York stock exchange, the Chicago board of trade and in the Chicago, Cleveland and Toledo stock exchanges. The concern occupies an entire floor in the big Rockefeller building. Since the panic of October, 1907, it has suffered a great loss of business.
3.February 11, 1909Iowa County DemocratMineral Point, WI
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Article Text
FAILURE FOR A MILLION. Cleveland Bankers Make Assignment -Receiver Appointed. Cleveland, O., Feb. 10.-With liabilities rnnning close to a million dollars, Lamprecht Brothers & Co., bankers and brokers, of this city, yesterday made an assignment and later a receiver was named in the United States court. A statement of the exact amount of the assets and liabilities cold not be secred last night. It was stated in a general way, however, that the liabilities would be close to $1,000,000. and that there would be considerable loss to creditors.
CLEVELAND BANKERS FAIL FOR MILLION Cleveland, O., Feb. 11.-With liabilities running close to a million dollars, the firm of Lamprecht Bros. and company, bankers and brokers, have male any use gnment in the state count to T. H. Bu hnell, who, in a later action in voluntary bankruptcy in the United States court, also was appointed receiver. Efforts to obtain an approximate idea of the assets and obligations of the firm resulted only in the statement by Receiver Bushnell, after a hurried examinat on of the books, that he was unable to fix definite amounts, but the liabilities would, in his opin ion, run close to the million mark. The immediate cause of the assignment, It was stated, was the Miness of the senior member, W. H. Lamprecht, who was stricken with partial paralysis two months ago thereby preventing him from giving his attention to the business.
5.February 12, 1909Rock Island ArgusRock Island, IL
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Article Text
LIABILITIES ARE MORE THAN MILLION Customers of Lamprecht & Co. at Cleveland Will Lose HeavilyBanks All Secured. Cleveland, Feb. 12.-Receiver Bushnell stated this afternoon in his opinion the liabilities of Lamprecht Bros. & Co. would reach approximately $1,250,000. The assets, he said, would fall far below this amount, and as a result customers will doubtless suffer heavy loss. "All banks are fully secured," said Bushnell.
6.February 12, 1909Watertown LeaderWatertown, WI
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Article Text
BANKERS FAIL FOR A MILLION. Lamprecht Brothers & Co. of Cleveland Forced to Make Assignment. CLEVELAND. O., Feb. 10.-With liabilities running close to $1,000,000, the firm of Lamprecht Brothers & Co., bankers and brokers. have made an assignment in the state court to T. H. Bushnell. who. in a later action in volun tary bankruptcy in the United States court, also was appointed receiver. The immediate cause of the assignment, it is stated, was the illness of the senior member, W. H. Lamprecht, who was stricken with partial paralysis two months ago, thereby preventing him from giving attention to the business
7.February 13, 1909Chicago EagleChicago, IL
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Article Text
# BROKERS FAIL FOR A MILLION.
Lamprecht Brothers & Co. of Cleveland Forced to Make Assignment.
With liabilities running close to $1,000,000, the firm of Lamprecht Brothers & Co., bankers and brokers of Cleveland, made an assignment in the State court to T. H. Bushnell, who, in a later action in voluntary bankruptcy in the United States Court, also was appointed receiver. The immediate cause for the assignment, it is stated, was the illness of the senior member, W. H. Lamprecht, who was stricken with partial paralysis two months ago, thereby preventing him from giving attention to the business. Received Bushnell says there will be considerable loss to creditors.
A Chinese general has been dismissed from the service because he has rheumatism in one of his legs. It may be a rule in the Chinese army that any soldier who contracts rheumatism shall have it in both legs.
8.February 17, 1909Vernon County CensorViroqua, WI
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Article Text
FAILURE FOR A MILLION. Cleveland Bankers Make Assignment -Receiver Appointed. Cleveland, O., Feb. 10.-With liabilities running close to a million dollars, Lamprecht Brothers & Co., bank. ers and brokers, of this city, yesterday made an assignment and later a receiver was named in the United States court. A statement of the exact amount of the assets and liabilities cold not be secred last night. It was stated in a general way, however, that the liabilities would be close to $1,000,000, and that there would be considerable loss to creditors.
9.February 18, 1909The Plymouth TribunePlymouth, IN
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Article Text
BROKERS FAIL FOR A MILLION. Lamprecht Brothers & Co. of Cleveland Forced to Make Assignment. With liabilities running close to $1,000,000, the firm of Lamprecht Brothers & Co., bankers and brokers of Cleveland, made an assignment in the State court to T. H. Bushnell, who, in a later action in voluntary bankruptcy in the United States Court, also was appointed receiver. The immediate cause for the assignment, it is stated, was the illness of the senior member, W. H., Lamprecht, who was stricken with partial paralysis two months ago, thereby preventing him from giving attention to the business. Received Bushnell says there will be considerable loss to creditors.
10.February 18, 1909Wood County ReporterWisconsin Rapids, WI
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Article Text
BROKERS FAIL FOR A MILLION. Lamprecht Brothers & Co. of Cleveland Forced to Make Assignment. With liabilities running close to $1,000.000, the firm of Lamprecht Brothers & Co., bankers and brokers of Cleveland. made an assignment in the State court to T. H. Bushnell, who. in a later action in voluntary bankruptcy in the United States Court. also was appointed receiver. The immediate cause for the assignment. it is stated. was the illness of the senior member, W. H. Lamprecht, who was stricken with partial paralysis two months ago, thereby preventing him from giving attention to the business. Received Bushnell says there will be considerable loss to creditors.
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.
