Broadway Savings Bank (St Louis, MO)

Episode Information

Episode UID
8211895290953
Episode Type
Run → Suspension → Closure
Bank Type
savings
Bank ID
821189529 hash
Start Date
May 1, 1879
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
dc55bc797f31c1e8

Response Measures

None

Description

Embezzlement by the cashier is reported later and likely explains large withdrawals.

Events (4)
1. May 1, 1879 Run
Cause
Bank Specific Adverse Info
Cause Details
Large withdrawals (about $100,000) beginning May 1; later discovery of embezzlement by cashier and large indebtedness of an officer.
Measures
None reported to stem withdrawals prior to suspension; assignment arranged
Newspaper Excerpt
the withdrawal of about $100,000 of deposits since May 1st
Source
newspapers
2. May 22, 1879 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors closed bank after heavy withdrawals and purported internal malfeasance; assignment to an assignee was made.
Newspaper Excerpt
The Broadway Savings Bank closed its doors this morning, and made an assignment to John Dierborger.
Source
newspapers
3. May 26, 1879 Other
Newspaper Excerpt
cashier...gave himself up ... checks, drafts, etc., which conclusively shows that Krieger and Meyer A. Goldsoll ... used funds of the bank; Goldsoll is indebted about $300,000
Source
newspapers
4. June 3, 1879 Receivership
Newspaper Excerpt
Judge Boyle has appointed J. M. Franciscus...to all the position. Mr. Franciscus gave bond ... and will take charge of the affairs of the defunct bank immediately.
Source
newspapers

Newspaper Articles (22)
1. May 22, 1879 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, May 22, 1879

Click image to open full size in new tab

Article Text

MISSOUR! ST. LOUIS, May 22.-The Broad way Savings Bank was closed this morning in accordance with the decision reached by the directors at a late hour last night and made assignment to John Dierborger. The principal reason for the suspension is said to be the withdrawal of about $100,000 of deposits since May 1st, but the report is current that some of the directors of the bank have worked against the interests of the concern which aided materially in bringing about the failure. The liabilities are estimated at about $700,000; the assets cannot be stated, but the president of the bank thinks depositors will be paid in full and there will be something over for stockholders. Considerable excitement existed among depositors to-day and there has been quite a crowd about the bank all the forenoon but it has been orderly. Depositors in some other savings institutions felt some uneasiness and there have been rumors of runs, etc., but none have yet occurred. A fire this morning in the Flaven Printing Co's. establishment, on Pine street between Second and Third, damaged the concern about $20,000.

2. May 23, 1879 Evening Star Washington, DC
Article from Evening Star, May 23, 1879

Click image to open full size in new tab

Article Text

THE BROADWAY Savings bank, of St. Louts, closed its doors yesterday, and made an assignment. The liabilities are put at about $700,000, but the assets cannot be stated, though the president claims depositors will be paid in full, and that there will be something over. A large withdrawal of deposits is assigned as the rea. son for suspension.

3. May 23, 1879 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, May 23, 1879

Click image to open full size in new tab

Article Text

A Savings Bank Closed. St. Louis, May 22.-The Broadway savings bank closed its doors this morning, in accordance with tha decision reached by the directory at a late hour last night, and made an assignment to John Dierborger. The principal reason for the suspension is said to be the withdrawal of about one hundred thousand dollars in deposits since May 1st, but there are reports current that some of the directors of the bank have worked against the interests of the concern, which aided materially in bringing about the failure. The liabilities are about $700,000; the assets cannot be stated, but the president of the bank thinks that depositors will be paid in full.

4. May 23, 1879 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, May 23, 1879

Click image to open full size in new tab

Article Text

Couldn't Stand the Run. Sr. Louis, May -The Broadway Sayings Bank closed its doors this morning. It made assignment. The reason for the suspension is said to be the withdrawal of $100,000 since May 1st. Its liabilities are put at about $200,000. Assets cannot be stated, but the Presidentof the bank thinks depositors will be paid in full. A tire this noon in the Flaven Printing Company's establishment, Pine street, damaged the concern about $20,000.

5. May 23, 1879 Public Ledger Memphis, TN
Article from Public Ledger, May 23, 1879

Click image to open full size in new tab

Article Text

ST. LOUIS. Savings Bank Suspended-Consequent Excitement. ST. LOUIS, May 22.-The Broadway Savings Bank closed its doors this morning in accordance with a decision reached by the directory at a late hour last night, and made an assignment. The liabilities are put at abont $700,000. The assets cannot be stated, but the president of the bank thinks the depositors will be paid in full and that there will be something over for the stockholders. There is considerable excitement among depositors today, and there has been quite a crowd at the bank all morning, but it has been orderly. Depositors in some other savings banks felt some uneasiness, and there have been rumors of runs, etc., but none have yet occurred.

6. May 23, 1879 Wheeling Register Wheeling, WV
Article from Wheeling Register, May 23, 1879

Click image to open full size in new tab

Article Text

Savings Bank Closed. ST. LOUIS, May 22.-The - Broadway Savings Bank closed its doors this morning. The reason for the suspension is said to be the withdrawal of $100,000 since May 1st. The liabilities are about $200,000. The assets cannot be stated, but the President thinks the depositors can be paid in full.

7. May 23, 1879 Daily Globe Saint Paul, MN
Article from Daily Globe, May 23, 1879

Click image to open full size in new tab

Article Text

Savings Bank Failure at St. Louis. ST. LOUIS, May 22.-The Broadway Savings bank closed its doors this morning, in accordance with a decision reached by the directors at a late hour last night, and made an assignment to John Dierberger. The principal reason for the suspension is said to be the withdrawal of about $100,000 of deposits since May 1st, but there are reports current that some of the directors of the bank have worked against the interests of the concern, which aided materially in bringing about the failure. Liabilities foot up about $700,000. The assets cannot be stated, but the president of the bank thinks depositors will be paid in full and then be something over for the stockholders. Considerable excitement existed among depositors to-day and there has been 8 erowd about the bank all the morning, but it has been orderly.

8. May 23, 1879 The Daily Gazette Wilmington, DE
Article from The Daily Gazette, May 23, 1879

Click image to open full size in new tab

Article Text

Suspension of a Savings Bank. ST. LOUIS, May 22.-The Broadway Savings Bank closed its doors this morning, and made an assignment to John Dierborger. The principal reason for the suspension is said to be the withdraw al of about $100,000 of the deposits since May 1, but there are reports current that some of the directors of the bank have worked against the interests of the concern, which aided materially in bringing about the failure. The liabilities are put at about $700,000.

9. May 27, 1879 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, May 27, 1879

Click image to open full size in new tab

Article Text

Another Rascal Unearthed. St. Louis, Mo., May 26.-J. P. Krieger, cashier of the suspended Broadway savings bank, for whom a warrant was issued Saturday, gave himself up this morning and was put in jail pending the procurement of bonds. Mr. Dierberger, assignee of the bank, has discovered in a private drawer of Krieger, checks, drafts. etc., which conclusively shows that Krieger and Meyer A. Goldsoll have been privately connected in the use of funds of the bank, and that Goldsoll is indebted to the bank in the sum of about $300,000, the recovery of which is very doubtful.

10. May 30, 1879 South Branch Intelligencer Romney, WV
Article from South Branch Intelligencer, May 30, 1879

Click image to open full size in new tab

Article Text

# A SAD CASE A man named DOUGLAS REID WAS lynched by a mob in the West last week. Reid, the Cumberland News states, was a telegraph operator and some years since was stationed at Green Spring Run, West Virginia, and afterward on the Pittsburgh Division of the Baltimore and Ohio Railroad, and was a general favorite. He had a number of acquaintances in this city. The history of his downfall was the old story of drink, and through the various degrees of vagabondage he became in a drunken fit a murderer. He is said to have been a brother of J. D. Reid, of New York, an old telegrapher and highly respected gentleman, who was, up to a few years ago, editor of the "Journal of the Telegraph," the official paper of the Western Union telegraph company. J. P. Krieger, Jr., cashier of the defunct Broadway Savings Bank, in St. Louis, for whose arrest, on a charge of embezzling the bank's funds, a warrant was issued on Saturday last, has not yet been apprehended. The amount alleged to be stolen by him is variously estimated at from $100,000 to $250,000. At the election in Frederick county, Va., on yesterday week, J. V. Bell, was elected County Treasurer, C. B. Hancock, Sheriff, and E. P. Dandridge, Commonwealth's Attorney. Chittenden says "the Government of the United States is a d--d scoundrel if it pays" the interest on his bonds in depreciated silver. That might depend upon whether the bonds had been issued by the government in payment for "good horses" or for "bad mules." BALTIMORE & OHIO RAILROAD, TIME TABLE. We direct attention to the new time table of the Baltimore & Ohio Railroad, which went into effect on the 18th of the present month, in to day's issue. Look into our advertising columns for the live business men, and where bargains are to be had. HON. DANIEL B. LUCAS, of Charles-town, is to deliver an address before the Normal Lyceum Literary Society of the Fairmont Norraal School, on Wednesday night, June 11. Butter is worth only ten cents a pound in Martinsburg. That 25 cent box of Liver Pills cured me of a bilious affection of over ten years' standing. This is the statement of an eminent clergpman of the virtues of Prof. Paine's medicines. GOOD BOOKS FOR THE PEOPLE.-People who delight in good books are rejoicing in the good work being done by the AMERICAN BOOK EXCHANGE, 55 Beekman street, N. Y. By introducing the plan of publishing and selling books direct to purchasers, instead of giving the large discounts usually allowed to dealers and agents to sell for them; by working on the basis of the present cost of making books, which is about one-half what it was a few years ago, and by printing very large editions, which also greatly reduces the cost as compared with small editions, they are able to furnish Books at prices which, to most people, seem truly astonishing, but which they say are only reasonable. They publish as follows: Chamber's Cyclopedia of English Literature, 8 vols., 16mo. Price, complete. paper, $2.00; cloth, $3.00; half morocco, $1,75; half morocco, bound in 4 vols., $3.75. Rollin's Ancient History, 1,192 double-column pages, large type, 8vo. cloth, $2.25; library sheep, $2.75. Josephus' Works, translated by Whiston, 1,042 double-column pages, very large typo, 8vo. cloth, $3.00; library sheep, $2.50. Arabian Nights, large type, 12mo. cloth. 55 cents. Bunyan's Pilgrim's Progress, very large type, 12mo. cloth, 50 cents. Robinson Crusoe, large type, 12mo. cloth, 55 cents. Baron Munchausen, very large type. 12mo. cloth, 50 cents. From the above remarkably low prices a discount of 10 per cent. is allowed to those ordering before June 1, and an additional discount of 10 per cent. when ordered in clubs of five or more copies,

11. May 31, 1879 Chariton Courier Keytesville, MO
Article from Chariton Courier, May 31, 1879

Click image to open full size in new tab

Article Text

of silver at Brownwood, 120 miles south- the west of there. An assay of ores proves vein to be rich. Many claims have been 10cated, and there is a prospect of a genuine silver craze. Captain W. R. Hoel of the United States the beacon-light steamer Lily, living near village of Waynesville, a short distance from Cincinnati, had for some time suspected his wife of holding improper relations with Dr. J. B. Hough, his family physician. On the night of the 22d Captain Hoel left home, ostensibly for Cincinnati, but returned and concealed himself in his his house. In the morning he surprised in wife and Dr. Hough, who were together the parlor, and drawing a large sized revolver fired at Hough, but without effect. He then began clubbing the Doctor with disthe pistol, and while doing so it was charged, the ball entering Hoel's heart, killing him instantly. Dr. Hough Is seriously injured. Absalom W. Ford was hanged at Lake of Charles, La., on the 23d, for the murder Dr. Joseph Bazee in Junelast. He displayed the utmost coolness upon the scaffold, His last words were God have mercy upon me." Mr. Thomas Allen has undertaken to de- rebuild the Southern Hotel at St. Louis, stroyed by fire over two years ago, in consideration of receiving a bonus from adjacent of property holders and others interested about $130,000. The cost of the new building will be about $600,000. The scarlet fever epidemic in Evansville, Ind., has reached grave proportions, 36 new cases being reported within a single week, and not less than 600 or 700 cases having occurred since the disease assumed an epidemic form. About half the children have been withdrawn from the public schools, and hundreds have been sent away to escape the ravages. Indian Jack was hanged at Shasta, Cal., in the 23d, for the murder of a Chinaman September on last. Jack preserved his Indian stolidity and died without struggle. The assignee of Archbishop Purcell and of Cincinnati has filed a schedule of assets liabilities of the Archbishop and his brother, Edward Purcell. The total amount of claims of is $3,697,651.49; total assets, $1,181,659.47, which amount $418,536.28 is classed as doubtful or worthless. The St. Louis Exposition will open this on Monday, Sept. 22, and the Fair on year Monday, Oct. 6, both to close on Saturday, Oct. 11. The premiums offered aggregate $50,000, $5,000 being for military displays and contests. There is no charge for com- The petition or room in any department. Veiled Prophets' pageant and procession will come off on Tuesday night, Oct. 7. It is said that a controlling interest in the Missouri, Kansas and Texas Railroad has been secured by the Chicago, Burlington and Quincy Railroad Company, through stock recent large purchases of M. K. and T. by leading shareholders in the C., B. santici- and Q. No present change in management pated. The St. Louis Broadway Savings-bank have failure, upon investigation, proves to the been caused by grossmismanagement on Jr., of the Cashier, J. Philip Krieger, part who is charged with the misuse of the bank's funds to the amount of $250,000. A warrant for his arrest was issued on the 24th, and a number of suits have been begun by bank. depositors against the other officers of the At Monroeville, O., on the 24th, Cahan Maloney shot and wounded Bridget Murphy, him. his sweetheart, for refusing to marry fired refused to be arrested, and W. shots into the crowd, a telegraph operator, shot Maloney several Crane, mortal when Maloney wound. D. through the breast, inflicting a The young woman's injuries are not serious. The mail-propeller Ramos, running the Calcasieu River, La., was capsized by on a sudden squall on the 24th, when There a short distance below Lake Charles. and were on board, besides the Captain follows: engineer, six passengers, named as Bird Lucien Denaine of Galveston, J. C. of Cameron Parish, two little sisters, Zora and Medora Pithon, aged 10 colored and 12 of Calcasieu Parish, and a and her woman, years, named Josephine Hawkins, and enchild, aged 2 years. The Captain gineer swam ashore, but none of the passengers could swim, and all were drowned. EAST AND SOUTHEAST. The Colored Convention held recently forth at Richmond issued a memorial setting length the alleged wrongs and grievances series of at the colored people, and adopted a colored of resolutions recommending the for people of the State to organize a society and Judicial Departments of the State a the purpose of petitioning the Legislative for

12. June 1, 1879 The New Orleans Daily Democrat New Orleans, LA
Article from The New Orleans Daily Democrat, June 1, 1879

Click image to open full size in new tab

Article Text

Assignee of the St. Louis Broadway Savings Bank. ST. LOUIS, May 31.-Dierberger was appointed assignee of the Broadway Savings Bank immediately after its suspension, but was objected to by the depositors of the bank and resigned the position to-day, and Phillip Stock was appointed in his place. A

13. June 3, 1879 Public Ledger Memphis, TN
Article from Public Ledger, June 3, 1879

Click image to open full size in new tab

Article Text

Sait Brought Against the Sure. ties of J.P. Kreiger. ST. LOUIS, June 3.-The board of public schools has brought suit against the sureties of J. P. Kreiger, jr., late cashier of the Broadway Savings Bank, who was also treasurer of the school board, to recover $72,000 of the school funds in his hands and deposited in the Broadway Savings Bank when that concern suspended.

14. June 3, 1879 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, June 3, 1879

Click image to open full size in new tab

Article Text

MISSOURI. ST. Louis. June 3. I The board of public schoole, has brought suit against the sureties of J. P. Keyer, Jr., late cashier of the Broadway Savings Bank, who was also treasurer of the school board, to recover $72,000 of school funds in his hands and deposited in the Savings Bank, when that concern suspended.

15. June 4, 1879 Daily Globe Saint Paul, MN
Article from Daily Globe, June 4, 1879

Click image to open full size in new tab

Article Text

Suit for the Recovery of School Funds. Sr. LOUIS, June 3.-The board of public schools has brought suit against the sureties of J. B. Krieger, Jr., late cashier of the Broadway Savings bank, who was also treasurer of the school board, to recover $72,000 school funds in his hands, deposited in the Breadway Savings bank when that concern suspended.

16. June 4, 1879 Daily Press and Dakotaian Yankton, SD
Article from Daily Press and Dakotaian, June 4, 1879

Click image to open full size in new tab

Article Text

TELEGRAPHIC BREVITIES. OBITUARY. New York, June 4.-James Orton Woodruff, projector of Woodruff's scientific expedition died this morning of brain discane. RECEIVER APPOINTED. St. Louis, June 3.-The person who was appointed by the circuit court n few days ago assignee of the Broadway Savings bank, having failed to qualify within the preper time. Judge Boyle has appointed J. M. Franciscus, for many years connected with the banking house of Haskel & Co., to all the position. Mr. Francicus gave bond as once for half a million and will take charge of the affairs of the defunct bank imme. dintely.

17. June 4, 1879 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, June 4, 1879

Click image to open full size in new tab

Article Text

The Broadway Savings Bank Swindle. ST. LOUIS, June 3.-The board of public schools has brought a suit against the sureties of J.P. Kreiger, late cashier of the Broadway Savings Bank, who was also treasurer of the school board, to recover $12,000 school funds in his hands and deposited in the Broadway Savings Bank when that concern suspended.

18. June 5, 1879 The Leavenworth Weekly Times Leavenworth, KS
Article from The Leavenworth Weekly Times, June 5, 1879

Click image to open full size in new tab

Article Text

-The board of public schools of St. Louis has brought suit against the sureties of J. P. Krieger, jr., late cashier of the Broadway Savings bank, who was also treasurer of the school board, to recover $72,000 of the school funds in his hands and deposited in the Broadway Savings bank when that concern suspended.

19. June 6, 1879 Evening Star Washington, DC
Article from Evening Star, June 6, 1879

Click image to open full size in new tab

Article Text

SUIT FOR SCHOOL FUNDS.-The St. Louis school board has brought suit against the sureties of J. P. Krieger, jr., late cashier of the Broadway Savings Bank, for $72,000 school funds deposited in the bank before its suspension.

20. June 7, 1879 Lexington Weekly Intelligencer Lexington, MO
Article from Lexington Weekly Intelligencer, June 7, 1879

Click image to open full size in new tab

Article Text

The United Statés Savings Bank, of St. Louis closed its doors last Monday. The failure of the Broadway Savings Bank,a few days previously, had caused a run to be made upon this bank, with the above result.

21. June 17, 1879 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, June 17, 1879

Click image to open full size in new tab

Article Text

Assets of the St. Louis Broadway Bank ST. LOUIS, June 16.-J. M. Franciscus, assignee ot the suspended Broadway savings bank, filed in the circuit court this afternoon the schedule of the assets of that institution. They amount to a trifle over eight hundred thousand dollars, face value. The indebtedness of Mayer Goldsoll to the bank is stated to be three hundred and sixty-two thousand five hundred dollars.

22. July 31, 1879 Gold Hill Daily News Gold Hill, NV
Article from Gold Hill Daily News, July 31, 1879

Click image to open full size in new tab

Article Text

today while endeavoring to recover an anchor at the battery, the air tube having burst. Sr. LOUIS, Mo., July 31. - J. P. Krieger, Senior President of the defunct Broadway Savings Bank, has been arrested on a charge of embezzlement, in connection with the alleged frauds committed by officers of that institution. He gave bonds and was released. INDIANAPOLIS, July 31.-A shooting affray occurred at a farm, the residence of Lucas Covert, near Columbus, Indiana, at the breakfast table yesterday morning, between his sons Henry and Aleck, in which Henry was instantly killed and Aleck mortally wounded. HARRISBURG, July 31.-The Governor has pardoned Dennis F. Canning. of Schuylkill, convicted of conspiring to commit murder several years ago, in conjunction with Jack Kehoe and other Mollie Maguires. Canning was sentenoed to 14 years' imprisonment. BROCKVILLE, July 31.-Miss Hugel, aged eighteen, and sister, aged five, were drowned in the St. Lawrence, while bathing. Martin, Republican member of the House from North Carolina, says the Sherman boom is gaining in that State, and he thinks Sherman would have a stronger delegation to the National Convention than Grant. Judge Isanc C. Collins, a prominent lawyer of Cincinnati, died on the 29th of heart disease. At East Farrington, Wisconsin, on the 19th, John Kranz, a farmer, drove into a lake to water his horses, and the animals becoming frightened, ran into deep water, upsetting the wagon and drowning Kranz and five children. The sixth swam out. The eldest was a girl, seventeen years old. The Exchange Bank of St. Louis has gone into liquidation. All depositors will be paid in full. The eighteenth annual session of the National Educational Association commenced at Philadelphia on Tuesday. The Chicago Jockey Club announces two running meetings for next year, one in July and one in August.