gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
04b898f649ec4375
Response Measures
Accommodated withdrawals, Full suspension, Books examined
Description
Suicides of cashier and president and subsequent examiner report indicate fraud-driven collapse then later reopening.
Events (4)
1.November 25, 1864Chartered
Source
historical_nic
2.September 5, 1884Run
Cause
Bank Specific Adverse Info
Cause Details
Sudden suicide of cashier Charles S. Hill revealed large defalcation and rumored large deficiency, provoking heavy withdrawals.
Measures
Bank initially paid demands; police kept back crowd.
Newspaper Excerpt
There is a big run on the National bank here. The police are keeping back the crush.
Source
newspapers
3.September 9, 1884Suspension
Cause
Bank Specific Adverse Info
Cause Details
Investigation after cashier's suicide revealed large misappropriation and president implicated; bank refused payment of deposits and directors to be arrested.
Newspaper Excerpt
Payment of deposits is still refused... The city is paralyzed, work suspended, stores closed and industry at a standstill.
Source
newspapers
4.September 22, 1884Reopening
Newspaper Excerpt
The National Bank of New Jersey will resume business on Wednesday with unimpaired capital. Every depositor will be paid in full.
MYSTERIOUS DEATH OF A. CASHIER. NEW BRUNSWICK, N.J., Sept. 5.The New Brunswick National bank is examining its books. Charles S. Hill was found dead in his bed this morning. The county physician says that four of the gas-burners in Hill's sleeping-room were turned on, and his belief is that the cashier committed suicide. Several depositors closed their accounts. Some accounts were withdrawn. The number of depositors who demanded their money to-day was not large enough to amount to a run.
2.September 6, 1884Press and Daily DakotaianYankton, SD
Click image to open full size in new tab
Article Text
Big Run on R Bank. New Brunswick, N.J., Sept. 5-There is a big run on the National bank and the police are keeping back the crowd. The bank, thus far, met all demands. It is rumored that there is a deficiency of $200,000. No one doubts but that the cashier, Chas. H. Hill, committed suicide. Gov. Abbott has appointed Mr. C. M. Stack, county clerk, to the place being vacated by Hill's death.
3.September 6, 1884Evening StarWashington, DC
Click image to open full size in new tab
Article Text
RUN ON A NEW JERSEY BANK. A Rumored Deficiency of $200,000.Suicide of the Cashier. NEW BRUNSWICK. N. J., September 6.-There is a big run on the National bank here. The police are keeping back the crush. The bank is paying all demands, but may have to close its doors to-day. It is rumored that there is a deficiency of $200,000. No one doubts that the late cashier of the bank, Chas. S. Hill, committed suicide. Gov. Abbett has appointed Dr. C. M. Slack county clerk, the position having been made vacant by Hill's death.
Run on a Bank. NEW BRUNSWICK, N. J., Sept. 6.There is a big run on the National bank. The police are keeping back a crash. The bank is paying all demands. It may close its doors to-day, as the surplus stock has been impaired. No one doubts that Chashier Charles S. Hill committed suicide. Gov. Abbott has appointed Dr. C. M. Black, County Clerk, to the place made vacant by Hill's death.
5.September 10, 1884Daily Kennebec JournalAugusta, ME
Click image to open full size in new tab
Article Text
The Affairs of the National Bank of New Jersey. NEW BRUNSWICK, N. J., Sept. 9. People have haunted the National Bank of New Jersey since early this morning. Payment of deposits is still refused The rumor of Director Letson's death was false. He was overcome by heat but still alive. L. D. Jarred, formerly postmaster here, who is now in Trenton jail, was 80 affected by the occurrence of the past few days that he had hemorrhage but is recovering. The city is paralyzed, work suspended, stores closed and industry is at a standstill. The directors of the bank are to be arrested.
6.September 10, 1884The Portland Daily PressPortland, ME
Click image to open full size in new tab
Article Text
THE NEW JERSEY BANK. The City Paralyzed-Work Suspended and Stores Closed. NEW BRUNEWICK, N.J., Sept. 9. People have hearted the National Bank of New Jersey since early this morning, but payment of deposits is still refused. The rumor of Director Letson's death was false. He was overcome by the heat, but is still alive. L. D. Jarrard, formerly post-master here, who is in the Trenton jail, was 80 affected by the occurrences of thepast few days that he had hemorrhage, but is recovering. The city is paralized. Work is suspended. Stores are closed and industry at a standstill. The directors of the bunk will be arrested.
7.September 10, 1884Richmond DispatchRichmond, VA
Click image to open full size in new tab
Article Text
The New Brunswick Bank Swindle. 1 By telegraph to the Dispatch.] NEW BRUNSWICK, N. J., September 9.The people have haunted the National Bank of New Jersey since early this morning. The payment of deposits is still refused. The rumor of Director Letson's death was false. He was overcome by heat, but is still alive. L. D. Jarrard, formerly postmaster here. who is now in Trenton jail. was so affected by the occurrences of the past few days that he had a hemorrhage, but is recovering. The city is paralyzed: work is suspended, stores closed, and industry at a standstill. The directors of the bank are to be arrested.
8.September 10, 1884The Evening CriticWashington, DC
Click image to open full size in new tab
Article Text
THE MORNING NEWS, ocal and General, Botled Worked Over and Fornished Fresh. ALWAYS busy while others are complain '00 *20 Brouth is injuring the tobacco crops outhern Mary land. The Columbia Railroad yesterday declare semi-annual dividend of six per cent. Clothing for school wear. Elseman, 7th & The Czar and Czarina have been receive 1 Warsaw with demonstrations of good Mr. Holton has decided to accept the ublican nomination in the Fifth Marylan Istrict. There were five deaths from the heat hiladelphia yesterday and a number of ) The Duke of Portland's colt Langwe on the Champagne stakes at the Doncaste meeting yesterday. The centennial celebration of the ation of Montgomery County, Pa., opened orristown yesterday. Fifty Russian Mormons arrived in ork yesterday and left for Beatrice, Nebrask where they will colonize. Col. D. O. Gebr. a prominent citizen Chambersburg, Pa., died Monday. He was ative of Washington County, Md. James Brown. of 1335 Cedar street, states 0 pus 10 esnoq B uro. orday and injured himself internally. The thirty-third semi-annual session he Homeopathic Medical Society of the f New York opened at Binghamton yester ay, The official bulletin shows 764 new f cholera and 341 deaths in Italy Ionday. King Humbert has given $20,000 he relief fund. A private letter from Cairo speaks of mpression there that Khartoum has falle General Wolseley and Lord Northbrook 10 unread The National Convention of Chief Engineers began in Chicago yesterda Nearly two hundred members of the assoct tion are in attendance. The son of Attorney-General Johnso of Liberia, formerly of Canandaigua, County, N. Y., has received news of father's murder in Liberia. Business has been paralyzed at Brunswick, N. J., by the failure of the tional Bank of New Jersey. The directors the bank are to be arrested. The twelfth annual prize meeting of National Rifle Aesociation of America yesterday at Creedmoor, L.I. About 200 men responded to the first call. Charles Carroll, colored, who recently saulted and offered indignities to a young In Howard County, Md., has been sentenced ten years in the penitentiary. The total loss by the great fire in Clev and Sunday night 18 one million dollars. Board of Trade has asked the City Council trengthen the fire department. The French Cabinet ministers will be ened to decide when the Chambers shall alled together. Government circles are urbed over the financial war prospect. Mr. Felix Draney has accepted the f Professor Prince, the bicyclist, to back orse for $200 to trot two miles against n his bicycle, at Athletic Park, Friday 'uoot In the Blaine-Sentinel libel suit at Hanapolis, yesterday, the defense served Ice on the plaintiff's attorney that they egin taking depositions in Kentucky on '1801 P& The Fourth District Republican tressional Convention at Marion, Ala., yeste lay nominated Jere Haralson, colored, Congress, over George H. Craig, white. 'OBID una TITAL The Democratic primary election in Eighth Congressional District of Kentucky sulted in the nomination of Governor B. McCreary, who defeated Hon Pate son, present member. 'op 2g SYUS'Y TO tij Ex-Judge Thomas S. Iglehart, of Annap 11s, metwith a painful accident Monday UB 01 sttached ujd ΠΏΠΎΠ»Ρ us tirely through one of his feet. The Instrumer being blunt made a terrible gash. The telegraph and telephone compani in Philadelphia yesterday were notified to move all their wires and poles from the stree before January 1, 1885, in accordance the recent action of the councils. The Democratic campaign was opened the Fifth Congressional District of Marylar pus 1arge U 4114 14314 1681 18 thusiastic meeting, the speakers being T. Iglebart, Barnes Compton and Thomas Weeks. The West-bound train on the Memph and Charleston Railroad was thrown from track Monday night near Corinth, Miss. the passengers were more or less bruised. colored brakeman and a colored girl receive
9.September 10, 1884Evening StarWashington, DC
Click image to open full size in new tab
Article Text
NEW BRUNSWICK, N. J., PARALYZED.-People haunted the National Bank of New Jersey. at New Brunswick, all day yesterday. The payment of deposits is still refused. The rumor of Director Letson's death was false. He was overcome by the heat and excitement, but is still alive. L D. Jarrard, formerly postmaster at New Brunswick, who is now in the Trenton jail, was SO affected by the occurrences of the past few days that he had a hemorrhage, but is recovering. The city is paralyzed, work is suspended, stores closed and industry at a standstill The directors of the bank are to be arrested.
10.September 11, 1884The Aberdeen ExaminerAberdeen, MS
Click image to open full size in new tab
Article Text
THE city of New Brunswick. New Jersey was thrown into wild excitement on the 8th by the announcement that President Runyan of the National Bank of New Jersey, whose cahier suicided last week, had followed suit by cutting his throat, and that more than a million of dollars was missing from the bank. The crash will prostrate the city and county.
11.September 13, 1884Savannah Morning NewsSavannah, GA
Click image to open full size in new tab
Article Text
NEW BRUNSWICK CHEERED UP. The Broken Bank's Affairs in Much Better Condition than was Expected. NEW BRUNSWICK, N. J., Sept. 12.Bank Examiner Shelly last night completed his examination of the affairs of the National Bank of New Jersey and forwarded his statement to the Comptroller of the Treasury for official approval. The result of the examination shows a better condition of affairs than was anticipated, and to make matters more satisfactory a Director stated at noon today that since Mr. Shelly had completed his work they had found some assets which gave the bank a better financial show than was developed by the official inspection. The same director said that the bank would resume business in a week or ten days, and all reports as to a new charter and suspension until November were false. The directors said that much of the future course of the bank would depend on the liberality of the larger patrons. It is understood that the officers will take one of three courses open to them. If their largest creditors do not make a peremptory demand for their deposits in full, the business can be resumed on the old basis on the old stock. The director declined to state the other courses available. The condition of the bank's affairs is, therefore, much better than was thought possible four days ago. The agents of the Prudential Life Insurance Company to-day at 1 o'clock paid Mrs. Charles S. Hill, wife of the late Cashier Hill, the amount of his policy.
12.September 13, 1884The Ottawa Free TraderOttawa, IL
Click image to open full size in new tab
Article Text
Among the phenomenally large number of banks that have gone to the wall in the last few months through the dishonesty of their officers, none presents more sickening features than the ruin, a week ago, of the National Bank of New Brunswick, N. J. The bank was supposed to be in the soundest and healthiest condition, until suspicion was awakened by the sudden suicide of its cashier, Mr. Hill. Even then an investigation could discover nothing wrong, until the suicide of Hill was followed by that of Runyan, the president. Then a closer investigation revealed that the bank had been robbed by its officers of over a million of dollars, and that it was hopelessly swamped-not ten cents on the dollar left for creditors or depositors. A clerk of the bank has followed the example of his superiors and also cut his own throat: and now Walter Carroll, a depositor, through grief at his loss, has done the same thing.
13.September 16, 1884The Spirit of DemocracyWoodsfield, OH
Click image to open full size in new tab
Article Text
N.Y. World, 9th inst. Last week Mr. Hill, cashier of the New Jersey National Bank of New Brunswick, committed suicide by way of confessing bis guilt as a defaulter. Yesterday there was a run on the bank, and President Runvon stepped into a closet in the bank building and cut bis throat. He was suspected from the first of complicity in the transactions of Hill, and bis suicide is regarded as a most em: phatic plea of guilty.
14.September 17, 1884Watertown RepublicanWatertown, WI
Click image to open full size in new tab
Article Text
Financial Ruin and Death. Mahlon Runyon, president of the National Bank of New Jersey, at New Brunswick, in that state, followed the example of Cashier Hill, on the 8th inst., by taking his own life. Runyon was implicated with Hill in wrecking the institution. Over a million dollars of the bank's funds were misappropriated. A depositor named Walter Carroll has also committed suicide in a fit of desperation. Great excitement prevails in the town, and a raid on the bank is feared.
15.September 17, 1884Juniata Sentinel and RepublicanMifflintown, PA
Click image to open full size in new tab
Article Text
The New Brunswick National bank, of New Jersey, went up with the more than usual flourish last week. The president coucluded to go along with it, and committed suicide by cutting his throat. It may not be a pleasant thing to say it, but it is a fact, that if a few of the oficers had swung their worthless selves off some seven or eight years ago, their incapacity to run a financial concern would not have been revealed and over a million of dollars would have been saved to confiding useful people. The bankers cut a swell on other people's money, cut their I throats and went to
16.September 18, 1884Dodge City TimesDodge City, KS
Click image to open full size in new tab
Article Text
SEVERAL SUICIDES. And All Caused by the Failure of the New Jersey National Bank Through the Serious Results of a Speculating Cashier. The New Jersey National Bank, of Brunswick, N. J., failed through the detalcation of its cashier, Hill. It was at first supposed that it would reach only to about $250,000, but on investigation it was ascertained that the bank had been fleeced of a cool million. As soon as the defalcation was discovered the cashier committed suicide. The directors immediately began an overhauling of the books whereupon it was learned that the President, Mahlon Runyen, was implicated. The morning following this discovery he went to the bank and securing a copy of the morning papers, he went into the room OCcupied by the organizing directors, and began to read. A deathly pallor overspread his face, and he exclaimed, "My God, what will my children do?" Passing a handkerchief over his brow, he threw the paper into the lap of a director, and excusing himself. went into the toilet room of the bank. A minute later the sound of a tall was heard. The directors rushed to the closet and discovered the body of Runyon on the floor, the blood gushing from the ghastly wound in his throat. Determined on suicide, he had cut his wrists deeply, the blood spurting against the ceiling. The dead bank president had $60,000 in Government bonds. Hill had negotiated for some of these and consummated the same three days before his death. Runyon knew nothing of Hill's doings, trusting him implicitly. The crush in Wall street in May last took the bulk of Hill's sterling. Runyon, although quite popular, was ignorant of financial matters, and was a willing tool in the hands of the cashier. Upon the announcement of the death of Runyon to the clamorous mob on the out. side of the bank demanding their money, the exitement was intense. Shall we raid the bank? was the question which agitated the agonized depositors. Farmers from the country joined the throng and shouted for their money. The police flanked the street and with difficulty quieted the rising disturbance. The scene at the bank beggared description. Blood had flo wed from the room out upon the marble floor, staining it at a distance of four feet. "My God," exclaimed one of the directors "the whole city will go under. The city debt is now nearly two millions and the bank holds it paper. The Savings' banks have gone under and we have their capital." President Runyen, who committed suicide, was a farmer 60 years old, and leaves a wife and four children. He has been president of the bank five years. Runyon was not regarded as of much consequence in Wall street and not much can be gleaned concerning the dead president. He appears to have been known by a few operators in Wall street.
The Maryland prohibitionists have decided to put a state and congressional ticket in the field. Ex-Governor Hendricks denounces prohibition as an infringement of the rights of the people. Gen. Bragg of Wisconsin has written a letter denying that he said in a recent Chicago speech "Let the Irish go." Congressman Finarty of Illinois has come out, in his paper, for Blaine on the strength of the latter's aggressive foreign policy. The cholera epidemic in Naples is decreasing. During the 24 hours ending Tuesday evening there were only 470 new cases and 167 deaths. It is believed that Postmaster General Gresham will accept the judgeship of the eighth circuit, which will leave two vacancies in the cabinet. A receivership of the Bankers and Merchants' Telegraph company is contemplated, as the company is unable to meet its obligations. A resident of Philadelphia accidentally hung himself while endeavoring to prove that Bill Sykes could have been hanged in the manner described by Dickens. At the wedding of S. D. Stoner and Mrs. M. J. Scott at Burnside, Ill., Thursday night, canned fruit poisoned seventeen persons, including the bride and minister. Three victims will die. The directors of the national bank of New Jersey at New Brunswick *ate full that every creditor will be paid in and the bank will resume business. They claim that the capital of the bank remains intact. Opium joints are becoming so common in Boston that the common council has appointed a committee to go to New York to learn how to suppress them. A fast express train is to be run from Boston to St. Louis, leaving Boston at 3.30 p. m., arriving in St. Louis on the second morning via Niagara Falls and Detroit. The boiler of a cotton compress exploded at Enfaula, Alabama, Monday destroying the building and 300 bales of cotton and killing from 25 to 30 persons. C. R. Milliken, proprietor of the Glen house at the White mountains, Monday arrested a man named F. E. Smith from Belgrade, Maine, for stealing $2,000 worth of jewelry and diamonds from a guest's room. The balance of opinion of the London press justifies the killing of the boy Parker by the survivors of the wrecked yacht Mignonette in order to keep themselves alive. William V. Messer, 74 years old, of Boonton, N. J., shot his wife and daughter Friday while laboring under a fit of insanity, and then killed himself. The recovery of the wife and daughter is doubtful. Two Philadelphia and Reading rail-
18.September 20, 1884The Superior TimesSuperior, WI
Click image to open full size in new tab
Article Text
. 3. SUPERIOR, WISCONSIN SATURDAY, SEPTEMBER 20, 1884. three died from the disease while on THE CHIPPEWA ON MAHLON RUNYON, president of the colNEWS OF THE WEEK. the voyage from Cuba. lapsed bank at New Brunswick, N.J. nk A STEAMER arrived in New York on committed suicide on the 8th inst., by A Scene of Appalling Devas POLITICAL the 10th inst., with 500 Mormon concutting his throat. He was implicated Result of a Sudden verts on board for Utah. in the irregularities of Hill, the cashier. JOHN M. HILL was chosen as the DemA depositor named arroll has also THE directors of the collapsed NaTwo Hundred Houses Fl ocratic candidote for governor of New ended his life, which makes three tragetional Bank of New Brunswick, N. J., Bridges Swept Away-Th Hampshire at the state convention at dies growing out of the big steal. have officially announced that the bank Concord on the 10th. Placed at $4,000,0 IN a row between the Wilson and 0. will resume business, and that every one THE Massachusetts Prohibitionists will be paid in full. Thomburg families, at the house of the met in state convension at Boston on former, Ft. Wayne, Ind., on the 9th, UPPER crust society in New York The ravages of the flood k City the heads of both families were fatally was thrown into convulsions on the 9th the 10th and nominated J. H. Seelys of ley of the Chippewa River 1 icago hurt. climax on the 11th, and th Amherst College, for governor. by the announcement that Miss Victo1. Paul gan to recede. Both the WILLIAM LYLE, a reporter on the The Prohibitionists of New Hampria, oldest daughter of "Count" Morosini, and Chippewa reached t Times, got into a quarrel at Illinois Fair had eloped with Ernest J. Shelling, shire have placed placed Larkin D.Madented height of twenty-se her father's coachman. son in nomination for the governorgrounds, Chicago, with George Griege, swept away bridges, dams, ship. OVER 30,000 children attended the an engineer on the North-Western road, houses-everything in their THE Connecticut Greenbackers on on the 8th inst., the result of which was Illinois state fair at Chicago on the 9th bridge on the Chippewa ha inst. the stabbing of the latter in such a manthe 10th chose James L. Curtis as their GATES five railroad bridges and ner that he will die. candidate for governor. FREDERICK G. LINTZ, a prominent bridges. The first bridge &
19.September 23, 1884The Daily Cairo BulletinCairo, IL
Click image to open full size in new tab
Article Text
Will Resume With Capital Unimpaired. NEW BRUNSWICK, N.J., September 22. - -The National Bank of New Jersey will resume business on Wednesday with unimpaired capital. Every depositor will be paid in full. Director Lewis Howell will act as temporary President. The two vacancies in the directory have been filled by the election of John R. Russell and Peter Runyon.
20.September 23, 1884New-York TribuneNew York, NY
Click image to open full size in new tab
Article Text
A SUSPENDED BANK TO REOPEN. It is stated that the losses of the National Bank of New-Jersey, of New-Brunswick. will amount to about $250,000. Cashier Hill's defalcation will probably cover $200,000, while the balance represents the overdraft of the president. Controller Cannon has authorized the reopening of the bank to-morrow or Thursday. Lewis T. Howell has been elected president and E. S. Campbell cashier.
21.October 22, 1884Mower County TranscriptAustin, Lansing, MN
Click image to open full size in new tab
Article Text
GENERAL THE steamship Faraday has arrived off New York bar with the end of the Bennett-Mackey cable. HERDMEYER & STEIGLITZ'S woolen goods establishment at Chicago, is in the hands of the. sheriff. Judgments were confessed to the amount of $75,000. D. C. DEWFLL & ADAMS, grocers, Boston, have assigned. Liabilities $40,000. JAMES LEGG & Co., owners of the Mapleville mills, at Burrelsville, R. I., failed on the 15th, for $300,000. A DISPATCH of the 14th says smallpox has appeared at Argo, fifteen miles from Aurora, D. T. THE National Academy of Science began its session at Newport, R. I., on the 14th. LEWIS DICKINSON, one of the oldest residents of Racine, died on the 14th, aged 65 years. THE establishment of Davis, Atkinson & Co., pork packers, Chicago, has been seized by the sheriff to satisfy a debt of $25,000. G. H. CRAGG & Co., wholesale dealers in jewelry, New York City, failed on the 13th. S. S. DAVIS' private bank at Cincinnati, closed its doors on the 13th. Liabilities $60,000; assets $ 0,000. OWING to the decadence of cholera, the secretary of the treasury advises the discharge of the sanitary inspectors at London and Liverpool. THE United States grand jury has made a presentment against the New Brunswick National Bank of New Jersey. It says the bank's money was lost through fraud on the part of the cashier with the possible connivance of the president. It will be remembered that these two officers committed suicide,
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.
