Article Text
BUFFALO BANK WAS SHORT OF READY CASH Buffalo, N. Y., Dec. 5. -The German bank of which President Emery of the German American Bank is president, has closed its doors. Insufficient funds to meet a run was the reason given.
German Bank (Buffalo, NY)
Episode Information
- Episode UID
9179276791260- Episode Type
- Run → Suspension → Closure
- Bank Type
- state
- Bank ID
-
917927679hash - Start Date
- December 5, 1904
- Location
- Buffalo, New York (42.886, -78.878)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
5c5beacea0ddf121
Response Measures
None
Description
Multiple items show an immediate run and closure, followed by a court-appointed receiver; bank officers later accused of misappropriation.
Events (3)
1.
December 5, 1904
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- Heavy withdrawals due to loss of confidence tied to the bank's inability to meet demands; later evidence of alleged misappropriation by officials.
- Newspaper Excerpt
- The German bank ... has closed its doors. Insufficient funds to meet a run was the reason given.
- Source
- newspapers
2.
December 5, 1904
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank was closed because it was 'insufficient funds to meet the constantly increasing run.'
- Newspaper Excerpt
- Atnoon today Superintendent of Banking Kilburn closed the German Bank of Buffalo, N. Y.
- Source
- newspapers
3.
December 20, 1904
Receivership
- Newspaper Excerpt
- Attorney General John Quineen has decided to apply to the courts for a receiver for the German Bank, which suspended recently.
- Source
- newspapers
Newspaper Articles (18)
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Article Text
RUN ON A BANK. German Bank of Buffalo Closes Its Doors. Buffalo. N. Y., Dec. 5.-The German bank of which President Emery of the German American is also prestdent closed its doors because of insufficient funds to meet a constantly increasing run. At the German American bank today there was no evidence, of a run.
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Bank Couldn't Stand The Run BUFFALO, N. Y., Dec. 5.-The German bank, of which President Emery of the German-American is also president, has closed its doors. A notice posted on the doors gives the reason for closing as follows: "Insufficient funds to meet the constantly increasing run." At the German-American bank today there was no evidence of a run.
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BANK CLOSED (Scripps News Association.) BUFFALO, N. Y., Dec. 5.-The German bank, of which President Emery of the German-American bank is also president, closed its doors.this morning owing to a run on the bank.
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Buffalo Bank Closes. Buffalo, Dec. 5.-The German Bank, of which President Emery, of the German-American is also president, closed its doors this morning, owing to a run on the bank.
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Atnoon todaySuperintendent of Bank-ing Kilburn closed the German Bank of Buffalo, N. Y. At the time of closing a long line of people stood waiting to draw out their deposits. is soon as the German Bank was closed a big run was started on the German American Bank.
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Bank Closes Doors. Buffalo, N. Y., Dec. 6.-The German bank, of which President Emery of the German American is also president, has closed its doors. A notice posted on the door gives as the reason for closing: "Insufficient funds to meet a constantly increasing run."
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CASTORIA. Bears the The Kind You Have Always Bought Signature of ChartH.Thitchers The German Bank, of Buffalo, N. Y., closed its doors on account of being uhable to meet a constantly increasing run.
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Run Forced Suspension. Buffalo, N. Y.: The German bank of which President Emory H. Ehrman was president, has closed its doors. A notice posted on its doors at closing was as follows: "Insufficient funds to meet a constantly increasing run."
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BUFFALO, N. Y., Dec. 20.-Attorney General John Quneen has decided to apply to the courts for a receiver for the German Bank, which suspended recently.
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BANK OFFICIALS USED $762,869 WRONGFULLY. By the Associated Press. Buffalo, Jan. 12,-Albert J. Wheel er, receiver of the German bank, has brought action against Eugene A. Georger, former president of tha de funct institution; Arthur E. Appleyard, Richard Emery and other di rectors and former directors of the bank to recover $762,869.50 for alleged wrongful misappropriation of funds of the institu ion and for disre gard of their duties as directors.
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FOREIGN. The Standard Rope and Twine Company, of New York City, unable to meet the interest on its bonds, went in the hands of receivers. Five horses were burned in a stubborn fire at Thirteenth avenue and Thirtieth street, New York City. 1 Warrants for four officials of the insolvent German Bank at Buffulo, N. Y., were issued, based on charges of larceny and failure to perform duty. Philadelphia police arrested "Flossie" Murphy, who, they charge, is "the woman with the erutch," leader of a band of safe burglars. Mrs. William Wilkins entered a church at Rahway, N. J., while a funeral service was in progress, snatched her daughter from a mourner and drove away. She has sued her husband for a separation. The report of the Superintendent of Public, Works, given out at Albany, N. Y., showed that the last season was a comparatively poor one as regards tonnage on the State canals. The tenth annual report of the New York State Commissioner of Prisons was made public at Albany. Two amendments to the indeterminate sentence and parole law were recommended. Poland joined Finland and the rest of the Russian empire began rising, and strikes and conflicts continued to spread over the interior. In M. Rouvier's statement of policy before the French Chamber the discussion of the income tax was placed ahead of that on the separation of Church and State. Governor Davis, of the Panama Canal zone, reported that only three deaths have occurred from yellow fever in Panama since the United States took charge, and that the whole town is being fumigated. The Sultan of Morocco, a special cable dispatch said, has summoned two of the principal men of each town to a conference on the proposals of France. Prince Gurielly, a police official, was shot and killed by an unknown man at Batoum. A blizzard helped materially to maintain order in Moscow. German authors and artists are signing a petition to the Czar to spare Gorky's life. A number of Herero chiefs have surrendered, and it was believed that the end of the revolution was near, but Germany continued to send troops to South Africa. From Wonson a special cable dispatch announced that the Russians on the east coast of Korea were retiring north. M. Rouvier has completed the formation of a new French Cabinet. Finland can have all the guns it wants when the time comes for revolt against Russia, it was reported. These arms were partly procured in England. Arms will also be supplied to Poland. China's reply to Russia's charges of a violation of neutrality was presented to Secretary Hay. It is a general denial. Counter charges against Russia are set up. The strikers, who numbered nearly 220,000, were simply awaiting the influence of public opinion on the coal mine proprietors and the efforts of the German Government to assist in the settlement. The revolution spread to Moseow Odessa and other important eities in Russia. . Grand Duke Vladmiir, of Russia. or dered 500 machine guns from a Ger man factory Three Austrian Army corps moving to the Galieian frontier gave ground for the theory that half a dozen Russian provinces may be "pacified" into Austrian territory.
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pany. of New York City, unable to meet the interest on its bonds, went in the hands of receivers. Five horses were burned in a stubborn fire at Thirteenth avenue and Thirtieth street, New York City, Warrants for four officials of the insolvent German Bank at Buffalo, N. Y., were issued. based on charges of larceny and failure to perform duty. Philadelphia police arrested "Flossie" Murphy, who, they charge. is "the woman with the erutch," leader of a band of safe burgiars. Mrs. William Wilkins entered a church at Rahway, N. J., while a funeral service was in progress, snatched her daughter from a mourner and drove away. She has sued her husband for a separation. The report of the Superintendent of Public Works, given out at Albany, N. Y., showed that the last season was a comparatively poor one as regards tonpage on the State canals. The tenth annual report of the New York State Commissioner of Prisons was made public at Albany. Two amendments to the indeterminate sentence and parole law were recommended. Poland joined Finland and the rest of the Russian empire began rising. and strikes and conflicts continued to spread over the interior. In M. Ronvier's statement of policy before the French Chamber the discussion of the income tax was placed ahead of that on the separation of Church and State. Governor Davis, of the Panama Ca. nal zone, reported that only three deaths have occurred from yellow fever in Panama since the United States took charge. and that the whole town is being fumigated. The Suitan of Morocco. a special cable dispatch said. has summoned two of the principal men of each town to a conference on the proposals of France. Prince Gurielly, a police official, was shot and killed by an unknown man at Batoum. A blizzard helped materially to maintain order in Moscow. German authors and artists are signing a petition to the Czar to spare Gorky's life. A number of Herero chiefs have surrendered. and it was believed that the end of the revolution was near but Germany continued to send troops to South Africa. From Wonson a special cable dishe Russians on patch announced that the east coast of Korea were retiring north. M. Rouvier has completed the forma. tion of a new French Cabinet. Finland can have all the guns It wants when the time comes for revolt against Russia, it was reported. These arms were partly procured in England. Arms will also be supplied to Poland China's reply to Russia's charges of a violation of neutrality was presented to Secretary Hay. It is a general de nial. Counter charges against Russia are set up. The strikers, who numbered nearly 220,000, were simply awaiting the in fluence of public opinion on the coal mine proprietors and the efforts of the German Government to assist in the settlement. The revolution spread to Moscow dessa and other important cities in Russia. Grand Duke Vladimir. of Russia. or dered 500 machine guns from a Ger man factory Three Austrian Army corps moving to the Galician frontier gave ground for the theory that half a dozen Rus sian provinces may be "pacified" into
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Short News Notes. Horatio Ray Miller of New York died in London of pneumonia. The directory of the Cleveland Electric railway have raised the wages of more than 2.000 motormen and conductors 1 cent an hour. Justice Konefick of Buffalo authorized Receiver Wheeler of the German bank of Buffalo to accept the $650,000 offer of the Misets Realization Company of Chicago or the bank's assets now in his hands. The face value of the assets is $2,100,000.
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ANOTHER HEARING IN APPLEYARD CASE. Buffalo, N. Y., April 10.-Another hearing takes place today before Referee Bailey of the cause of Arthur E. Appleyard, the Boston financier, in connection with the civil actions instituted by Receiver Wheeler. of the German bank against the former directors.
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In Appleyard Case. Buffalo, April 10-Another hearing takes place today before Referee Bailey in the case of Arthur E. Appleyard, the Boston financier, in connection with the civil actions instituted by Receiver Wheeler of the German Bank against the former directors.
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Lawson's "Tip" Cost a Bank Artnur E. Appleyard, promoter and financier of Boston and Philadelphia, played Lawson's "tip" and lost $40,000. He didn't bring the $40,000 which the receiver of the defunct German bank of Buffalo has been looking for for several weeks and which Appleyard promised to hand
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Georger to Pay $80,000 tc Bank. Buffalo, May 19.-All actions against Eugent A. Georger, both civil and criminal, arising out of the wreeking of the German Bank of Buffalo have been practically settled for $80.000 which Georger will turn over to the receiver of the bank This will give the depositors about 2 per cent., making a total of about *85 per cent. paid to them by the receiver.