Commercial Loan & Trust Company

Episode Information

Episode UID: 566002490912
Episode Type: Suspension → Closure
Bank Type: trust
Bank ID: 56600249 hash
Start Date: December 31, 1875
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: c81d256fc3ac2d7a

Response Measures

None

Description

Article reports suspension with apparent insolvency (depositors to receive ~80¢); no reopening or receiver mentioned.

Events (1)

1. December 31, 1875 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Suspension due to insolvency; depositors told they could expect about 80 cents on the dollar.
Newspaper Excerpt: THE Commercial Loan and Trust Company of Chicago has suspended.
Source: newspapers

Newspaper Articles (1)

1. December 31, 1875 The Andrew County Republican Savannah, MO

Article from The Andrew County Republican, December 31, 1875

Click image to open full size in new tab

Article Text

THE Commercial Loan and Trust Company of Chicago has suspended. It was at first confidently asserted that the company would pay every depositor in full, but later information is to the effect that depositors cannot expect over 80 cents on the dollar. The company did a large savings deposit business, and its suspension falls heavily on some poor people.