Jayne & Mason (Webster, NY)

Episode Information

Episode UID
9159112091568
Episode Type
Suspension โ†’ Closure
Bank Type
private
Bank ID
915911209 hash
Start Date
August 1, 1930*
Location
Webster, New York (43.212, -77.430)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9ad84b4d07aeffad

Response Measures

None

Description

Bank was suspended in August and is in liquidation according to state banking department.

Events (4)

1. August 1, 1930* Suspension
Cause Details
Private bank suspended in August; no run described in articles, suspension followed by liquidation process
Newspaper Excerpt
The bank was suspended in August
Source
newspapers
2. October 15, 1930 Other
Newspaper Excerpt
Depositors in the suspended private bank of Jayne & Mason in Webster are becoming restive in view of the delay in announcing any definite plan for adjustment of the affairs of that institution.
Source
newspapers
3. October 17, 1930 Other
Newspaper Excerpt
The liquidation of Jayne and Mason are being kept at rate... Costs placed on bank; liquidation handled by department ... borne by the liquidation.
Source
newspapers
4. October 17, 1930 Receivership
Newspaper Excerpt
Liquidation...are being kept at rate...Present staff consists special deputy and two clerks handling the work
Source
newspapers

Newspaper Articles (2)

Article from Democrat and Chronicle, October 15, 1930

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Article Text

WEBSTER BANK SITUATION IRKS ITS DEPOSITORS Depositors in the suspended private bank of Jayne & Mason in Webster are becoming restive in view of the delay in announcing any definite plan for adjustment of the affairs of that institution. Their uneasiness is accentuated by an impression that appears to have gained considerable circulation in the town that the expense of handling the affairs of the bank since its suspension will come out of the The bank was suspended in August "Is the expense of handling its affairs paid by the state, or does it come out of the assets? asks an interested citizen of the town in an open letter to the Web ster Herald. If the It ought to make quite a dent in the Suggests Frank Discussion This writer suggests that meeting be called wherein those interested may discuss the entire situation frankly unhampered by "fear the officials will crowd them on notes held by Jayne & Mason "Couldn't it be arranged,' he asks. "some way so that everyone could 'say' their piece at the meeting without fear of being punished like a small In an editorial on the bank sit. uation, The Webster Herald says that it "regrets to say that no definite statement can be made as to what progress has been made with the propositions that have been under consideration for solving the bank situation that has caused SO much inconvenience and consider loss to the people of Webster and community but The Herald can see a faint ray of hope that plans for doing something are


Article from Democrat and Chronicle, October 17, 1930

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Article Text

WEBSTER BANK BEARS COST OF LIQUIDATION State Banking Head Answers Inquiry and Explains Law Governing Procedure The question raised by some residents of to whether handling the affairs the private bank of Jayne Mason will paid out the assets the answered yesterday by Joseph Broderick New York City, head of the New York State BankDepartment. response to telegram from the Rochester Democrat Chronicle for information this Broderick wired the following statement: Costs Placed on Bank "Liquidations handled department granted by 62 and banking law Section that of shall paid by out of funds institution being dated, subject to approval of Su preme Court. of liquida. tion of and Mason are being kept at rate. Present staff consists special deputy and two clerks handling the work, of assets, etc. "In the department has specially qualified examiner whose salary paid by the department and borne by the liquidation. The cost of conducting work of this department borne by all the institutions under its Funds are first appropriated by the state later the state treasury bursed by on all instiThe Jayne and Mason bank in Two lines procedure The first plan would its the present Webster National Bank of new state bank has been suggested an although many business men there not enough business for two TWO BOY FLIERS KILLED Oct. Jessup and Leo Lindsay high school students flying killed the airport today the said the ship to come vertical bank