gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c1517c46f32d69ee
Response Measures
None
Description
The bank suspended first due to the president's disappearance and insolvency; the run (clamoring depositors) occurred immediately after the suspension notice was posted.
Events (4)
1.May 6, 1901Receivership
Newspaper Excerpt
The American Trust Company has been made received for the Cuyahoga Savings and Banking Company, which suspended today.
Source
newspapers
2.May 6, 1901Run
Cause
Bank Specific Adverse Info
Cause Details
Notice of suspension and news of the president's disappearance.
Measures
The bank remained closed and was placed in the hands of a receiver.
Newspaper Excerpt
Hundreds of depositors, mostly working people, gathered around the bank soon after the notice was displayed, clamoring for their money.
Source
newspapers
3.May 6, 1901Suspension
Cause
Bank Specific Adverse Info
Cause Details
Disappearance of President R. N. Pollock and inability to meet a large withdrawal request of $22,000.
Newspaper Excerpt
The doors of the Cuyahoga Savings and Banking Company at 1461 Woodland avenue were not opened for business today.
Source
newspapers
4.May 8, 1901Other
Newspaper Excerpt
R. N. Pollock, who killed himself in Seattle today was president of the Cuyahoga Savings & Banking company
Source
newspapers
Newspaper Articles (19)
1.May 6, 1901Evening StarWashington, DC
Click image to open full size in new tab
Article Text
CLEVELAND BANK SUSPENDS. "Continued Absence of the Treasurer" Given as the Cause. CLEVELAND, May 6.-The doors of the Cuyahoga Savings and Banking Company at 1461 Woodland avenue were not opened for business today. The following notice was posted on the window: "On account of the continued absence of R. H. Pollock, the treasurer, the directors have concluded to suspend payment until such time as they can make an examination of their affairs. It is confidently expected that every depositor will be paid in full." Hundreds of depositors, mostly working people, gathered around the bank soon after the notice was displayed, clamoring for their money. The last statement published by the bank indicated that the individual deposits amounted to $299,176: loans on real estate, d'scounts, etc., $309,863.
2.May 6, 1901Evening Times-RepublicanMarshalltown, IA
Click image to open full size in new tab
Article Text
OHIO BANK FAILS. Hundreds of Depositors Clamoring for Their Money at Cleveland. Cleveland, May 6.-The doors of the Cuychogn Savinga and Banking Com pany were not opened for business today. The following notice was posted: "On account of the continued absence of R. N. Pollock, treasurer, the directors have concluded to suspend payment until such time as they can make an examination of affairs. It is confidently expected that every depositor will be paid in full." Hundreds of depositors, mostly working people, are clamoring for their money. The last statement publighed by the bank indicated that the individual deposita amounted to $299,176. Loang on real estate, discounts, etc., $309,863.
3.May 6, 1901Rock Island ArgusRock Island, IL
Click image to open full size in new tab
Article Text
Cuyahoga Savings and Banking Institution Suspends. INVESTIGATION TO BE MADE Believed That the Depositors Will Be Paid in Full. Cleveland, May 6.-The - doors of the Cuyahoga Savings and Banking company were not opened for business today. The following notice was posted on the window: "On account of the continued absence of R. N. Pollock, treasurer, the directors concluded to suspend payment until such time as they can make an examination of his affairs." Believed to be Solvent. It is confidently expected that every depositor will be paid in full.
4.May 7, 1901The Morning AstorianAstoria, OR
Click image to open full size in new tab
Article Text
TWO OHIO FAILURES. Receivers Appointed for Cuyahoga Savings and Banking Company and U. S. Carbon Co. CLEVELAND, May 6.-The American Trust Company has been made received for the Cuyahoga Savings and Banking Company, which suspended today. Owing to the failure of the bank, the United States Carbon Company, of Cleveland, is involved and a receiver for that concern has also been appointed. The sister of President R. N. Pollerick, of the bank, has returned from New York City unable to find him. It is said that the bank has more than $100,000 worth of paper that is worthless.
5.May 7, 1901The Saint Paul GlobeSaint Paul, MN
Click image to open full size in new tab
Article Text
PRESIDENT OUT OF SIGHT CLEVELAND SAVINGS BANK HAS CLOSED ITS BOORS. CLEVELAND, May 6. - The doors of the Cuyahoga Savings and Banking company were not opened for business today. The following notice was posted on the win. dow: "On account of the continued absence of R. N. Pollock, the president, the directors have concluded Ito suspend payment until such time as they can make an examination of their affairs. It is confidently expected that every depositor will be paid in full." Hundreds of depositors, mostly working people, gathered around the bank soon after the notice was displayed clamoring for their money. The last statement published by the bank indicated that the individual deposits amounted to $314,966; loans on real estate, discounts, etc., $3.2,061. President Pollock left the city ten days ago, ostensibly for New York. Since that time nothing has been heard from him. Experts were put to work on the bank's books today.
6.May 7, 1901New-York TribuneNew York, NY
Click image to open full size in new tab
Article Text
CLEVELAND BANK CLOSES ITS DOORS. PRESIDENT'S UNEXPLAINED AESENCE FOR TEN DAYS THE CAUSE. Cleveland, Ohio, May -The doors of the Cuyahoga Savings and Banking Company, at No. 1,461 Woodland-ave.. were not opened for business today. The following notice was posted on the window: On account of the continued absence of R. N. Pollock. the president, the directors have concluded to suspend payment until such time as they can make an examination of their affairs. It is confidently expected that every depositor will be paid in full Hundreds of depositors, mostly working people. gathered around the bank soon after the notice was displayed, elamoring for their money. The last statement published by the bank indicated that the individual deposits amounted to $314,966; loans on real estate, discounts, etc., $332,061. Mr. Pollock left the city ten days ago, ostensibly for New-York. Since that time nothing has been heard from him. Experts were put to work on the bank's books to-day.
7.May 7, 1901Bryan Morning EagleBryan, TX
Click image to open full size in new tab
Article Text
OHIO BANK FAILS. Doors of a Cleveland Institute Closed by the Directors. Cleveland, May 6-The doors of the Cuyahoga Savings and Banking company did not open for business for business today. The following notice was posted on the window: "On account of the continued absence of R. N. Pollock, the treasurer, the directors have concluded to suspend pay. ment until such time as they can make an examination of their affairs. It is confidently expected every depositor will be paid in full." Hundreds of depositors, mostly working people, gathered around the bank soon after the notice was displayed, clamoring for their money. The last statement of the bank indicated individual deposits amounted to $299,176; loans on real estate, discounts, etc., $309,863.
8.May 7, 1901Daily New DominionMorgantown, WV
Click image to open full size in new tab
Article Text
A TREASURER MISSING. Bank at Cleveland Suspended Pay. ments. Cleveland, May 7.-The doors of the Cuyahoga Savings and Banking company, at 1461 Woodland avenue, were not opened for business Monday. The following notice was posted on the window: "On account of the continued absence of R. N. Pollock. the treasurer, the directors have concluded to suspend payment until such time as they can make an examination of their af. fairs. It is confidently expected that every depositor will be paid in full." Hundreds of depositors, mostly working people, gathered around the bank soon after the notice was displayed. clamoring for their money. The American Trust company was made a receiver for the Cuyahoga Savings and Banking company, and has taken possession of the affairs of the bank. Because of the failure of the bank the United States Carbon company, of Cleveland, is involved, and a receiver for that concern, Walter D. Sayle, has also been appointed, who has given bond in the sum of $100,000. Accountants are at work on the books of the Cuyahoga bank. The immediate cause leading up to the closing of the bank was found in the fact that one of the largest depositors called at the bank Saturday night and asked permission to withdraw $22,000. The money was not forthcoming. Fearing a run on the bank when this should become known. a meeting of the directors decided to close the dors. A sister of President R. N. Pollock, of the bank, has returned from New York city, unable to find him. It is said that the bank had more than $100,000 worth of paper that was to all intents and purposes worthless. The location of the bank is about two miles from the downtown section of the city, and its depositors were mostly, for small sums.
9.May 7, 1901The Savannah Morning NewsSavannah, GA
Click image to open full size in new tab
Article Text
A BANK TREASURER MISSING. Receiver Appointed for Cuyahoga Savings Company of Cleveland. Cleveland, O., March 6.-The doors of the Cuyahoga Savings and Banking Company at 1461 Woodland avenue were not opened for business to-day on account of the absence of R. U. Pollock, the treasurer, whose whereabouts are not known. A. receiver has been appointed. The bank has individual deposits of $314,966.
10.May 7, 1901The Billings GazetteBillings, MT
Click image to open full size in new tab
Article Text
PRESIDENT IS CONE Cleveland Savings Bank Turned to Trust Company Pending Investigation. Cleveland, May 6.-On account of the continued absence of President R. N. Pollock, of the Cuyahoga Saving and Banking company closed today, pending an examination. The depositors are mainly working people. The deposits amount to $300,000. President Pollock left the city ten days ago, ostensibly for New York. Since that time nothing has been heard from him. Experts were put to work on the bank's books today. The American Trust company has been made receiver for the Cuyahoga Savings and Banking company and has taken possession of the affairs of the bank. The United States Carbon company, of Clevelandd, is involved, and receiver for that concern, Walter D. Sayle, has also been appointed, who has given bond in the sum of $100,000. Accountants are at work on the books of the Cuyahoga bank. The principal cause leading up to the closing of the bank was found in the fact that one of the largest depositors called at the bank Saturday night and asked permission to withdraw $22,000. The money was not forthcoming. Fearing a run on the bank when this
11.May 9, 1901The Seattle StarSeattle, WA
Click image to open full size in new tab
Article Text
closed its doors-he deliberately shot himself, first having disposed of eVery evidence he could think of which would let his family know of his sad ending. The following special to the Star tells of the conditions of Pollock's affairs in Cleveland: The Bank a Wreck. CLEVELAND, O,, May 9.-The affairs of the Cuyahoga Savings and Banking Co., of which R. N. Pollock was president, are understood to be in very bad shape. The institution is now in the hands of a receiver, and as yet he has given out no specific statement. It is known, however, that Mr. Pollock backed several Industrial schemes-presumably with the bank's funds-which did not turn out well. The bank's books show total deposits to the amount of $340,000, the major portion of which is in small accounts. If the bank cannot be pulled out of the hole, considerable distress will result to the depositors, few of whom are persons of wealth. Mr. Pollock's widow and her three children live in this city, Mrs. Pollock is utterly prostrated by the news of her husband's suicide in Seattle, and it is feared that she may not rally from the shock of the cruel blow. Coroner Hoye received instructions this morning to ship the body of Pollock to his former home in Cleveland.
12.May 9, 1901River Falls JournalRiver Falls, WI
Click image to open full size in new tab
Article Text
Savings Bank Closed. Cleveland, O., May 7.-The doors of the Cuyahoga Savings and Banking company, at 1461 Woodland avenue, were not opened for business Monday. The following notice was posted on the window: "On account of the continue absence of R. N. Pollock, the treasurer, the directors have concluded to suspend payment until such time as they can make an examination of their affairs. It is confidently expected that every depositor will be paid in full."
13.May 9, 1901Crittenden PressMarion, KY
Click image to open full size in new tab
Article Text
BANK FAILED TO OPEN. Continued Absence of the Treasurer Causes Suspension of a Cleveland (0.) Savings Bank. Cleveland, O., May 6.-The doors of the Cuyahoga Savings & Banking Co., at 1461 Woodland avenue, were not opened for business. The following notice was posted on the window: "On account of the continued absence of R. N. Pollock, the treasurer, the directors have concluded to suspend payment until such time as they can make an examination of their affairs. It is confidently expected that every depositor will be paid in full." Hundreds of depositors, mostly working people, gathered around the bank soon after the notice was displayed, clamoring for their money. The last statement published by the bank indicated that the individual deposits amounted to $229,176; loans on real estate, discounts, etc., $309,863.
14.May 10, 1901The Billings GazetteBillings, MT
Click image to open full size in new tab
Article Text
Took None of Bank's Money. Cleveland, O., May 8.-R. N. Pollock, who killed himself in Seattle today was president of the Cuyahoga Savings & Banking company of this city. He was 38 years old, married, and had three children. He was the promoter of the bank which closed its doors last Monday. Pollock disappeared ten days ago and had not been definitely placed until news of his self destruction reached this city. The condition of the bank is as yet a matter of conjecture, its books being in the hands of the receiver, who is making an examination and whose report is expected in a day or two. The bank had deposits to the extent of $340,000. This sum of money was not in the bank's possession at the time rumors of its weakness were heard and to avoid the inevitable outcome of the demand for such a large sum of money the directors decided to suspend business and a receiver was appointed. Other Cleveland bankers it is said, would have gone to the assistance of the Cuyahoga Savings bank had it been asked for. The bank was not prominent in the city's financial institutions, being located in the residence district and its deposits being for small amounts. The receiver stated that Pollock took none of the bank's money when he fled.
15.May 10, 1901Iowa State BystanderDes Moines, IA
Click image to open full size in new tab
Article Text
BANKER COMMITS SUICIDE Cleveland Fugitive Kills Himself in Seattle. HE BURNS ALL HIS PAPERS. Name on the Inside of His Coat Identifies Him-Institution of Which the Dead Man Was President Closed Its Doors Monday. Seattle, Wash., May 10.-R. N. Pollock, the missing bank president from Cleveland, O., committed suicide here in the Hotel York by shooting himself in the head. A razor, a two-ounce box of poison and a phial containing 100 tablets of aconite were found in his room. He had burned all papers. Pollock arrived here Monday and registered as James Fisher. He failed to appear during Tuesday and yesterday his room was finally broken open and his dead body found. Pollock had not apparently stirred after firing the fatal shot. No clew could be obtained in the room, and the name of R. N. Pollock was found sewed on the inside of his coat, placed there by a Cleveland (0.) tailor. Condition of Bank Not Known. Cleveland, O., May 10.-R. N. Pollock, who committed suicide in Seattle, Wash., was president of the Cuyahoga Savings and Banking company at No. 1461 Woodland avenue. Last Monday, by order of the directors, the doors of the institution were closed. At that time Pollock had been absent from the city for about ten days, and no clew to his whereabouts was obtained until a message announcing his suicide in Seattle came last night. The affairs of the company were placed in the hand of the American Trust company, which was appointed receiver and ordered to take possession of all the property and conduct the business of the bank. One of the largest industrial concerns in the city, the United States Carbon company, is involved through the action of the bank in closing its doors, and a receiver was appointed for that corporation. Expert accountants are at work on the books of the Cuyahoga bank. The immediate cause leading to the closing of the bank was found in the fact that one of the heaviest depositors called at the bank Saturday night and asked permission to withdraw $20,000. The money was not forthcoming. Fearing a run on the bank when this should become known, a meeting of the directors was called and it was decided to close the doors. Monday six lawsuits having a bearing on the case were begun in the courts. The bank has deposits to the extent of $340,000, but was not prominent in the city's financial institutions, being located in the residence district, and its deposits being for small sums. The receiver of the bank stated tonight that Pollock did not take the money that was in the bank at the time of his leaving the city, and it is believed that, knowing a crisis was near, Pollock sought safety in flight.
16.May 15, 1901Decorah Public OpinionDecorah, IA
Click image to open full size in new tab
Article Text
BANK PRESIDENT SUICIDES Solving the Mystery of a DisappearanceBank in Receiver's Hands, Cleveland, May 9.-R. N. Pollock, who killed himself in Seattle yesterday, was the president of the Cuyahoga Savings and Banking company, this city. He was 38 years old, married, and had three children. He was the promoter of the bank, which closed its doors last Mònday. Pollock disappeared ten days ago, and had not been definitely placed until news of his act of self-destruction reached this city last evening. The condition of the bank is as yet a matter of conjecture, its books being in the hands of the receiver, who is making an examination and whose report is expected in a day or two. The bank had deposits to the extent of $340,000.
17.May 16, 1901The County RecordKingstree, SC
Click image to open full size in new tab
Article Text
Treasurer Absent. Cleveland, Special.-The doors of the Cuyhago Savings and Banking Company. at 1461 Woodland avenue, were not opened for business on account of the absence of R. U. Pollock, the treasurer, whose, whereabouts are not known. A receiver has been appointed. The bank has individual de posits of $314,966.
18.June 28, 1901The SunWilmington, DE
Click image to open full size in new tab
Article Text
Poor Outlook For Depositors. Cleveland. June 27. The affairs of the Cuyahoga Savings and Banking company. which are being investigated, to not show favorable results for the lepositors. In a statement Edwin V. Hale. the acting receiver, says that the cashier of the bank. the late R. N. Pollock, made alleged loans to fictitious firms and persons for which no security was received.
19.January 1, 1902The Washington TimesWashington, DC
Click image to open full size in new tab
Article Text
MAY. 6. The Cuyahoga Savings and Banking Company. Cleveland, suspends on account of the disappearance of President R. N. Pollack. 8. The Colonial Steel Company of America organized. 9. A flurry begins on New York Stock Exchange. 16. The Guffey Petroleum Company chartered in Texas. 18. The Albany car strike ended by compromise. 20. Machinists' strikes begin in various cities. 29. Loree succeeds Cowen as president of the Baltimore and Ohio Railroad.
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.
Flag Article for Review
Flag Episode for Review
Cuyahoga Savings & Banking Company · UID 8967502291217
