gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d49320a2b4872ff8
Response Measures
None
Description
The firm is described as bankers and brokers. While the articles suggest the suspension was temporary, they do not explicitly confirm the reopening date.
Events (2)
1.November 24, 1899Suspension
Cause Details
Inability to meet a demand for a large call loan and difficulty securing loans on collateral.
Newspaper Excerpt
The firm of Stahl & Straub, bankers and brokers, 507 Chestnut street, was forced to suspend business today as a result, it is said. of a demand for a large call loan.
Source
newspapers
2.*Reopening
Newspaper Excerpt
Mr. Straub had no statement to make except that he believed the suspension would only be temporary.
Source
newspapers
Newspaper Articles (10)
1.November 24, 1899The Topeka State JournalTopeka, KS
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Article Text
DEMAND FOR CALL LOAN Forces a Philadelphia Firm to Suspend. Philadelphia, Nov. 24.-The firm of Stahl & Straub, bankers and brokers, 507 Chestnut street, was forced to suspend business today as a result, it is said. of a demand for a large call loan. Mr. Straub had no statement to make except that he believed the suspension would only be temporary. Mr. Stahl is in New York, it is stated, endeavoring to raise money to meet the demand on the firm. Street rumors of the firm's liabilities place the amount all the way from $100,000 to $1,000,000,
2.November 25, 1899New-York TribuneNew York, NY
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Article Text
PHILADELPHIA BANKING FIRM SUSPENDS. Philadelphia, Nov. 24.-The firm of Stahl & Straub, bankers and brokers, at No. 507 Chestnut-st., was forced to suspend business to-day as a result, It is said, of a demand for a large call loan. Mr. Straub had no statement to make, except that he believed the suspension would be only temporary. Mr. Stahl is in New-York, it is stated, endeavoring to raise money to meet the demand on the firm. Street rumors of the firm's liabilities place the amount all the way from $100,000 to $1,000,000.
3.November 25, 1899The Indianapolis JournalIndianapolis, IN
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Article Text
Philadelphia Bankers Suspend. PHILADELPHIA, Nov. 24.-The firm of Stahl & Straub, bankers and brokers, No. 507 Chestnut street, was forced to suspend business to-day as a result, it is said, of a demand for a large call loan. Mr. Straub had no statement to make, except that he believed the suspension would be only temporary. Mr. Stahl is in New York, it is stated, endeavoring to raise money to meet the demand on the firm. Street rumors on the firm's liabilities place the amount all the way from $100,000 to $1,000,000.
4.November 25, 1899The Daily Morning Journal and CourierNew Haven, CT
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Article Text
Philadelphia Bankers Suspend. Philadelphia, Nov. 24.-The firm of Stahl & Straub, bankers and brokers, 507 Chestnut street, was forced to suspend business to-day as a result, it is said, of a demand for a large coal loan. Mr. Straub had not statement to make, except that he believed the suspension would be only temporarily. Mr. Stahl is in New York, it is stated, endeavoring to raise money to meet the demand on the firm. Street rumors of the firm's liabilities place the amount all the way from $100,000 to $1,000,000.
5.November 25, 1899The SunNew York, NY
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Article Text
Philadelphia Bankers Assign. PHILADELPHIA. Nov. 24.-The firm of Stahl & Straub, bankers and brokers. 507 Chestnut street. was forced to suspend business to-day owning to their inability to secure loaps on some of the collateral they have been earrying. The suspension was not reported officially to the Stock Exchange and there was no sale of the firm's securities under the rule. It is said the r obligations do not exceed $100,000 and that they will he able to settle satisfactorily in a few days. The firm has been in business about twenty years.
6.November 25, 1899Wheeling RegisterWheeling, WV
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Article Text
FORCED TO SUSPEND. PHILADELPHIA, Pa., November 24.Stahl & Straub, bankers and brokers, were forced to suspend to-day. Street rumors place the liabilities from $100,000 to $1,000,000.
7.November 25, 1899The Record-UnionSacramento, CA
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Article Text
Banking Firm Forced to Suspend. PHILADELPHIA, Nov. 24. - The firm of Stahl & Straub, bankers and brokers, was forced to suspend business to-day as a result, it is said, of a demand for a large call loan. Mr. Straub had no statement to make except that he believed the suspension would only be temporary. Mr. Stahl is in New York, it is stated, endeavoring to raise money to meet the demand. Street rumors of the liabilities place the amount all the way from $100,000 to $1,000,000.
8.November 25, 1899The Salt Lake HeraldSalt Lake City, UT
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Article Text
Banking Firm Fails. Philadelphia, Nov. 24.-The firm of Stahl & Straub, bankers and brokers, 507 Chestnut street, was forced to suspend business today, as a result, it is said, as a demand for a large call loan. Mr. Straub had no statement to make/ except that he believed the suspension would only be temporary. Mr. Stahl is in New York, it is stated, endeavoring to raise money to meet the demand on the firm. Street rumors of the firm's liabilities place the amount all the way from $100,000 to $1,000,000.
9.November 26, 1899Bryan Morning EagleBryan, TX
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Article Text
Philadelphia Firm Fails. Philadelphi, Nov. 25.-The firm of Stahl & Straub, bankers and brokers here, was forced to suspend business as a result, it is said, of a demand for a large call loan. Street rumors of the firm's liabilities place the amount all the way from $100,000 to $1,000,000.
10.November 29, 1899New Ulm ReviewNew Ulm, MN
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Article Text
Forced to Suspend. Philadelphia, Nov. 25.-The firm of Stahl & Straub, bankers and brokers, 507 Chestnut street, was forced to suspend business as a result, it is said, f a demand for a large call loan. The liabilities are said to range all the way from $100,000 to $1,000,000.
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.
