gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f5815b06f7013247
Response Measures
None
Description
Articles report receiver appointment and embezzlement by the treasurer leading to closure/receivership.
Events (3)
1.December 1, 1895*Suspension
Cause
Bank Specific Adverse Info
Cause Details
Defalcation/embezzlement by treasurer Hiram P. Gerald discovered; receiver appointed
Newspaper Excerpt
The bank went into a receiver's hands, a week ago
Source
newspapers
2.December 31, 1895Receivership
Newspaper Excerpt
About three weeks ago George W. Johnson, president of the bank, was appointed receiver.
Source
newspapers
3.May 27, 1897Other
Newspaper Excerpt
The jury ... have returned a verdict for the plaintiff in the suit of the receiver against Hiram P. Gerald and his bondsmen.
Source
newspapers
Newspaper Articles (10)
1.December 31, 1895Daily Kennebec JournalAugusta, ME
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Article Text
Hiram P. Gerald, town clerk of Brookfield, Mass., and treasurer of the Brookfield Savings Bank, is missing, and it is believed that his accounts are short from $6000 to $10.000. The bank went into a receiver's hands, a week ago, with liabilities of $45,000. Three attachments, Monday, were recorded in Worcester against Gerald's property,one being for $20,000 by the receiver to coverthe bank's loss.
2.December 31, 1895The Wilmington Daily RepublicanWilmington, DE
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Article Text
Cash and Cashier Missing. BROOKFIELD, Mass., Dec. 31.-Hiram P. Gerald, cashier of the Brookfield Savings bank, has disappoared. It is believed he is a defaulter to the amount of between $10,000 and $15,000, and his disappearance strengthens this belief. About three weeks ago George W. Johnson, president of the bank, was appointed receiver. He instituted an investigation into the affairs of the institution, and has since discovered something wrong with Gerald's accounts. Gerald was town clerk of Brookfield. He ran a drug store, was interested in many business enterprises and was prominentin the affairs of the town.
3.December 31, 1895The Providence NewsProvidence, RI
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Article Text
DR. A. SAWYER, OCULIST AND AURIST. No. 212 UNION STREET. Cashier Gerald Has Skippea. BROOKFIELD, Mass., Dec. 31.-Hiram P. Gerald, cashier of the Brookfield Savings bank, has disappeared. It is believed he is a defaulter to the amount of between $10,000 and $15,000, and his disappearance strengthens this belief. About three weeks ago George W. Johnson, president of the bank, was appointed receiver. He instituted an investigation into the affairs of the institution, and soon discovered something wrong with Gerald's accounts. Attachments have been placed on his property in Brookfield, and a deputy sheriff went to Springfield and placed an attachment of $20,000 on Gerald's property in Hampden county. Gerald was town clerk of Brookfield. He ran a drug store, was interested in many business enterprises and was prominent in the affairs of the town.
4.January 3, 1896The CitizenFrederick, MD
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Article Text
Bank Treasurer Goes Wrong. Worcester, Mass., Jan. 1.-George W. Johnson, receiver of the Brookfield Savings bank, has issued a warrant for the arrest of Hiram F. Gerald, the treasurer of the bank, who is missing with $10,000 of the bank's funds. Gerald's downfall is due to reckless bucket-shop speculation.
5.January 3, 1896Vermont PhลnixBrattleboro, Bellows Falls, Ludlow, VT
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Article Text
Brookfield's Town Clerk Missing. Hiram P. Gerald, town clerk of Brookfield, Mass., "and treasurer of the Brookfield savings bank, is missing and it is believed that his accounts are short from $6000 to $10,000. The bank went into a receiver's hands a week ago with liabilities of $45,000. Three attachments were recorded in Worcester against Gerald's property Monday, one being for $20,000 by the receiver to cover the bank's loss.
6.January 3, 1896The United OpinionBradford, VT
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Article Text
Cashier Gerald Has Skipped. BROOKFIELD, Mass., Dec. 31.-Hiram P. Gerald, cashier of the Brookfield Savings bank, has disappeared. It is believed he is a defaulter to the amount of between $10,000 and $15,000, and his disappearance strengthens this belief. About three weeks ago George W. Johnson, president of the bank, was appointed receiver. He instituted an investigation into the affairs of the institution, and soon discovered something wrong with Gerald's accounts. Attachments have been placed on his property in Brookfield, and a deputy sheriff went to Springfield and placed an attachment of $20,000 on Gerald's property in Hampden county. Gerald was town clerk of Brookfield. He ran a drug store, was interested in many business enterprises and was prominent in the affairs of the town.
7.March 12, 1896The Portland Daily PressPortland, ME
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Article Text
Something Left for Depositors. Boston, March 11.-Receiver George W. Johnson, of the Brookfield Savings bank today presented to Judge Lathrop in the supreme court his report on the condition of the bank's affairs, and asked that a dividend of 30 per cent be declared to depositors. The defalcation of the treasurer, Hiram P. Gerald, is given as $27,240. There are 456 depositors' books outstanding against the bank, representing $76,700. The books of the bank were falsified and entries of payments to depositors were made. The late treasurer is now in jail awaiting trial. The amount which the receiver has on hand is $25,171.
8.March 12, 1896The Providence NewsProvidence, RI
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Article Text
Brookfierd in shar shape, BOSTON, March 12.-Receiver Johnson of the Brookfield Savings bank yesterday presented to Judge Lathrop his report 0 the condition of the bank's affairs, am. asked that a dividend of 30 per cent be de clared to the depositors. The most deplorable fact stated in the report is that 0 the defalcation of the treasurer of th bank, Hiram P. Gerald, who absconde after the appointment of Mr. Johnson n receiver. The report states that the defalcation amounts to $24,240.
9.May 27, 1897Evening JournalWilmington, DE
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Article Text
Bondsmen Must Pay. Worcester, Mass., May 27.-The jury in the case of George T. Johnson of Brookfield, receiver of the Brookfield Savings bank, against Hiram P. Gerald and his bondsmen have returned a verdict for the plaintiff in the superior civil court. This suit was brought by the receiver of the bank to recover on the surety of the former treasurer of the bank, Gerald, who is serving a sentence in state prison for embezzlement of the funds of the institution. The defendant claimed that the bond was never properly delivered to the trustees of the bank, and it appeared in evidence that it was found back of a bottle in the defaulter's drug store.
10.May 27, 1897The Evening TribunePawtucket, RI
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Article Text
Judgment Against Bondsmen. Worcester, Mass., May 27.-The jury in the case of George T. Johnson of Brookfield. receiver of the Brookfield Savings bank, against Hiram P. Gerald and his bondsmen, has returned a verdict for the plaintiff. This suit was brought by the receiver of the bank to recover on the surety of the former treasurer of the bank, Gerald, who is serving a sentence in state prison for embezzlement of the funds of the institution. The defendant claimed that the bond was never properly delivered to the trustees of the bank, and it appeared in evidence that it was found back of a bottle in the defaulter's drug store.
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.