gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c69114625ccab2f4
Response Measures
None
Description
Closure followed injunction and appointment of a receiver; later distributions by receiver.
Events (2)
1.February 27, 1904Suspension
Cause
Government Action
Cause Details
Injunction from the supreme court restraining treasurer from receiving or paying deposits after bank commissioners sought action because of poor investments
Newspaper Excerpt
The doors of the Taunton Safe Deposit & Trust company did not open today as a result of an injunction from the supreme court restraining the treasurer from receiving or paying any deposits
Source
newspapers
2.March 1, 1904Receivership
Newspaper Excerpt
Fred S. Hall, of Taunton, was appointed receiver of the Taunton Safe Deposit and Trust Company to-day. The company closed its doors on Saturday ... the savings bank commissioners having secured an injunction
Source
newspapers
Newspaper Articles (13)
1.February 27, 1904The Topeka State JournalTopeka, KS
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Article Text
DOORS DIDN'T OPEN. Taunton Trust Company Is in Difficulties. Taunton, Mass., Feb. 27.-The doors of the Taunton Safe Deposit & Trust company. did not open today as a result of an injunction from the supreme court restraining the treasurer from receiving or paying any deposits until after a hearing on an injunction in the supreme court at Boston Monday. The state bank commissioners have announced that they will ask that a receiver be appointed for the institution. The company is said to be in difficulties because of poor investments, but the president, Edward H. Temple, asserts that the depositors will be paid in full. The liabilities are $600,000. The capital stock was $200,000. President Temple said also that he would not oppose the petition for the appointment of a receiver when the case came up in the supreme court.
BANK CLOSED In Massachusetts, But President of Institution Says Depositors Will Be Paid in Full. By Associated Press. Taunton, Mass., Feb. 27-The Taunton Safe Deposit and Trust Company closed its doors to-day. A receiver will be ap pointed. The liabilities are $602,966. The president says the depositors will be paid in full.
3.February 27, 1904The Providence NewsProvidence, RI
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Article Text
TAUNTON TRUST COMPANY HAS SUSPENDED BUSINESS. The doors of the Taunton Safe Deposit and Trust company, whose place of business is located on Main street, that city, were MAINE MAN closed today as a result of an injunction from the supreme court restraining the treasurer from receiving or paying any deposits until after a hearing on the injunction in the supreme court at Boston, INDICTED Monday. At that time the state bank commissioners will ask that a receiver be appointed for the institution. FOR MURDER The company is said to have suffered from unprofitable investDover, Maine, Feb. 27.-An indictment ments, but President Edward H. Temple stated today that he believed was found against Charles H. Wyman of Kingsbury charging him with the killing the capital stock would be sufficient to cover all losses and that the of his wife at their home three months ago, by the grand jury of the supreme depositors would be paid in full. indicial court. Wymen will be tried next
4.February 27, 1904Evening StarWashington, DC
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Article Text
Injunction Closes Its Doors. TAUNTON, Mass., February 27.-The doors of the Taunton Safe Deposit and Trust Company did not open today as a result of an injunction from the supreme court restraining the treasurer from receiving or paying any deposits until after a hearing on the injunction in the supreme court at Boston Monday. The state bank commissioners have announced that they will ask that a receiver be appointed for the institution. The company is said to be in difficulties because of poor investments, but the president, Edward H. Temple, claims that the depositors will be paid in full. The liabilities are $602,966.
5.February 27, 1904Deseret Evening NewsSalt Lake City, UT
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Article Text
TAUNTON DEPOSIT CO. Doors Did Not Open as Result of An Injunction. Taunton, Mass, Feb. 27.-The doors of the Taunton Bafe Deposit & Trust company did not open today as a result of an injunction from the supreme court restraining the treasurer from receiving or paying any deposits until after a hearing on an Injunction in the supreme court at Boston, Monday. The state bank commissioners have announced that they will ask that a receiver be appointed for the institution. The company is said to be in difficult straits because of poor investments, but the president, Edward H. Temple, asserts that the depositors will be paid in full. The liabilities are $600,000. The capital stock was $200,000. President Temple said also that he would not oppose the petition for the appointment of a receiver when the case came up in the supreme court
6.February 28, 1904Americus Times-RecorderAmericus, GA
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Article Text
TRUST COMPANY ENJOINED. Receiver Appointed for a Massachusets Financial Instituiton. Taunton, Mass., Feb. 27.-The doors of Taunton Safe Deposit and Trust company did not open its doors today as a result of an injunction from the supreme court restraining the treasurer from receiving or paying any deposit until after a hearing on the injunction in the supreme court at Boston Monday. The state bank commissioners have announced that they will ask that a receiver be appointed for the institution. The company is said to be in difficulties because of poor investments but the president, Edward H. Temple, claims that the depositors will be paid in full. The liabilities are $602,966. The capital stock was $200,000. President Temple said he would not oppose the petition for the appointment for a receiver.
7.March 1, 1904The Indianapolis JournalIndianapolis, IN
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Article Text
Receiver for Trust Company. BOSTON, Feb. 29.-Fred S. Hall, of Taunton, was appointed receiver of the Taunton Safe Deposit and Trust Company to-day. The company closed its doors on Saturday, the savings bank commissioners having secured an injunction on the ground that a shrinkage in its investments made it hazardous for the concern to continue. Counsel for the bank commissioners informed the court to-day that the liabilities were $515,000. Counsel stated also that the bad debts of the company would wipe out its capital of $200,000.
8.March 3, 1904Union County CourierElk Point, SD
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Article Text
Receiver Appointed. Boston, March 1.-Fred S. Hall, of Taunton, has been appointed receiver of the Taunton-Safe Deposit & Trust company. The company closed its doors on Saturday, the savings bank commissioners having secured an injunction on the ground that a shrinkage in its investments made it hazardous for the concern to continue. Counsel for the bank commissioners informed the court that the liabilities were $515,000. Counsel stated also that the bad debts of the company would wipe out its capital of $200,000.
9.March 3, 1904Iron County RegisterIronton, MO
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Article Text
THE DOORS DID NOT OPEN The Taunton (Mass.) Safe Deposit and Trust Co. in Financial Difficulty. I Taunton, Mass., Feb. 28.-The doors of the Taunton Safe Deposit & Trupt Co. did not open, as a result of an injunction from the supreme court restraining the treasurer from receiving or paying any deposits until after a hearing on an injunction in the supreme court, at Boston, Monday. The state bank commissioners have announced that they will ask that a receiver be appointed for the institution. The company is said to be in difficulties because of poor investments, but the president Edward H. Temple, claims that the depositors will be paid in full. The liabilities are $602,966.
10.March 4, 1904The Aberdeen DemocratAberdeen, SD
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Article Text
Bank Closed. Taunton, Mass., Feb. 29.-The doors of the Taunton Safe Deposit and Trust company did not open Saturday, as a result of an injunction from the supreme court restraining the treasurer from receiving or paying any deposits until after a hearing on the injunction in the supreme court at Boston Monday. The state bank commissioners have announced that they will ask that a receiver be appointed for the institution. The company is said to be in difficulties because of poor investments.
11.March 4, 1904The Ely MinerEly, MN
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Article Text
Bank Closed. Taunton, Mass., Feb. 29.-The doors of the Taunton Safe Deposit and Trust company did not open Saturday, as a result of an injunction from the supreme court restraining the treasurer from receiving or paying any deposits until after a hearing on the injunction in the supreme court at Boston Monday. The state bank commissioners have announced that they will ask that a receiver be appointed for the institution. The company is said to be in difficulties because of poor investments.
12.March 4, 1904Twice-A-Week Plain DealerCresco, IA
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Article Text
Receiver Appointed. Boston, March 1.-Fred S. Hall, of Taunton, has been appointed receiver of the Taunton Safe Deposit & Trust company. The company closed its doors on Saturday, the savings bank commissioners having secured an injunction on the ground that a shrinkage in its investments made it hazardous for the concern to continue. Counsel for the bank commissioners informed the court that the liabilities were $515,000. Counsel stated also that the bad debts of the company would wipe out its capital of $200,000.
13.December 7, 1904The Providence NewsProvidence, RI
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Article Text
FIFTY PER CENT DIVIDEND FOR DEPOSITORS AND CREDITORS Taunton, Mass., Dec. 7.-A dividend of fifty per cent to depositors and others whose claims have been allowed will be paid beginning Dec. 15 by Receiver Frederick F. Hall of the Taunton Safe Deposit and Trust company, as a result of a decree by Judge Braley of the supreme court. The claims ready for payment including bills payable amount to $201,377. Arthur M. Alger has been appointed special master to conduct a. hearing on two disputed claims amounting to $8500. The institution was closed about a year ago by order of the bank commissioners. Its failure was due to inability to realize on certain securities
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.
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Taunton Safe Deposit & Trust Company · UID 9697153491250
