gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
76a56bb4fa8d5143
Response Measures
None
Description
Cashier's suicide revealed asset deficiency; receiver appointed and bank did not reopen.
Events (3)
1.July 6, 1905Suspension
Cause
Bank Specific Adverse Info
Cause Details
Examination disclosed a deficiency of assets and confused books after cashier John Bowman committed suicide.
Newspaper Excerpt
President Mason of the Commercial bank today issued a statement that the bank would not again open for business
Source
newspapers
2.July 7, 1905Receivership
Newspaper Excerpt
J. A. Spekenhier, who has been appointed receiver of the defunct Commercial Bank at Hagerstown, Ind., places the liabilities at $157,715, and the assets at $64,880.
Source
newspapers
3.July 8, 1905Other
Newspaper Excerpt
Sixty thousand dollars in United States bonds which had been deposited in the defunct Commercial Bank of Hagerstown, Ind., for safe keeping by private individuals is gone.
Source
newspapers
Newspaper Articles (22)
1.July 6, 1905The Topeka State JournalTopeka, KS
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Article Text
BANK CLOSES. Suspension Follows Suicide of the Cashier Last Monday. Hagerstown, Ind., July 6.-President Mason of the Commercial bank today issued a statement that the bank would not again open for business and it is expected a receiver will be named. Mr. Mason said an examination of the bank had disclosed a deficit of assets and a confused condition of the books. John Bowman, the cashier, committed suicide July 3. The bank was a private institution, owned by Mr. Bowman and Mr. Mason as partners, the business having been transacted entirely by the late cashier. The deposits were $100,000.
2.July 6, 1905Deseret Evening NewsSalt Lake City, UT
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Article Text
Indiana Bank Fails Hagerstown. Ind., July 6.-President Mason, of the Commercial bank today issued a statement that the bank would not again open for business and it is expected a receiver will be named. Mr. Mason said nn examination of the bank's affairs had disclosed n deficiency of assets and a confused condition of the books. John Bowman, the cashier. committed suicide July 3. The bank was/a private institution, owned by Mr. Bowman and Mr. Mason as partners, the business having been transacted one tirely by the late cashier. The deposits were $100,000.
3.July 7, 1905Evening StarWashington, DC
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Article Text
The Hagerstown Bank Failure. RICHMOND, Ind., July 7.-Mr. J. A. Spekenhier, who has been appointed receiver of the defunct Commercial Bank at Hagerstown, Ind., places the liabilities at $157,715, and the assets at $64,880. There are 600 individual depositors.
PRIVATE BANK SUSPENDS. Cashier of Institution Committed Suicide July 3. Hagerstown, Ind., July 7.-President Mason of the Commercial bank has issued a statement that the bank would not again open for business and it is expected a receiver will be named. Mr. Mason said an examination of the bank's affairs had disclosed a deficiency of assets and a confused condition of the books. The cashier, John Bowman, committed suicide July 3. The bank was a private institution owned by Mr. Bowman and Mr. Mason as partners, the business having been transacted entirely by the late cashier. The deposits were $100,000.
5.July 7, 1905Americus Times-RecorderAmericus, GA
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Article Text
Maryland Bank Cioses Its Door. Hagerstown, Ind., July 6.-President Mason, of the Commercial bank, today issued a statement that the bank would not again open for business and it is expected that a receiver will be named. Mr. Mason said an examination of the bank's affairs had disclosed a deficiency of assets and a confused condition of the books. The cashier John Bowman committed sucide July 3. The bank was a private institution owned by Mr. Bowman and Mason as partners, the business being transacted entirely by the former.
6.July 7, 1905Omaha Daily BeeOmaha, NE
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Article Text
Indiana Bank Fails. HAGERSTOWN, Ind., July 6.-President Mason of the Commercial bank today issued a statement that the bank would not again open for business, and it is expected a receiver will be named. Mr. Mason said an examination of the bank's affairs had disclosed a deficiency of assets and a confused condition of the books. John Bowman, the cashier, committed suicide July 3. The bank was a private institution owned by Mr. Bowman and Mr. Mason as partners, the business having been transacted entirely by the late cashier. The deposits were $100,000.
7.July 7, 1905The Salt Lake HeraldSalt Lake City, UT
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Article Text
INDIANA BANK BROKE. Cashier Ended His Career By Committing Suicide. Hagerstown, Ind., July 6.-President Mason of the Commercial bank today issued a statement that the bank would not again open for business and it is expected a receiver will be named. Mr. Mason said an examination of the bank's affairs had disclosed a deficiency of assets and a confused condition of the books. John Bowman, the cashier, committed suicide July 3. The bank was a private institution, owned by Mr. Bowman and Mr Mason as partners. the business having been transacted entirely by the late cashier. The deposits were $100,000.
8.July 8, 1905Evening StarWashington, DC
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Article Text
Private Bank Deposits Missing. Sixty thousand dollars in United States bonds which had been deposited in the defunct Commercial Bank of Hagerstown, Ind., for safe keeping by private individuals is gone. The discovery was made yesterday, when an examination of the contents of the safe was completed. John Bowman, the cashier of the bank, committed suicide July 3, and the doors of the bank have been closed. J. A. Spekenhier, who has been appointed receiver of the defunct bank, places the liabilities at $157,715 and the assets at $64,880. There are 600 individual depositors.
Maryland Bank Closes Its Door. Hagerstown, Ind., July 7.-President Mason, of the Commercial bank. to day issued a statement that the bank would not again open for business and it is expected that a receiver will be named. Mr. Mason said an examina. tion of the bank's affairs had disclosed a deficiency of assets and a onfused condition of the books The cashier John Bowman committed sucide July 3.- The bank was a private institution owned by Mr. Bowman and Mason as partners, the business being transact ed entirely by the former.
10.July 13, 1905The Lehi BannerLehi, UT
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Article Text
Cashier Committed Suicide. Hagerstown, Ind.-President Mason of the Commercial bank on Thursday issued a statement that the bank would not again open for business, and it is expected a receiver will be named. Mr. Mason said an examination of the bank's affairs had disclosed a deficiency of assets and a confused condition of the books. John Bowman, the cashier, committed suicide July 3. The bank was a private institution, owned by Mr. Bowman and Mr. Mason as partners.
11.July 13, 1905Meade County NewsMeade, KS
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Article Text
Indiana Bank Fails. Richmond, Ind., July 10. - J. A. Speckenheir was appointed receiver of the Commercial bank of Hagerstown, Ind., on application of President Frank Mason. The liabilities exceed $1,000,000, while the assets are given at $750,000.
12.July 14, 1905The Idaho RepublicanBlackfoot, ID
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Article Text
Cashier Committed Suicide. Hagerstown, Ind.-President Mason of the Commercial bank on Thursday issued a statement that the bank would not again open for business, and it is expected a receiver will be named. Mr. Mason said an examination of the bank's affairs had disclosed a deficiency of assets and a confused condition of the books. John Bowman, the cashier, committed suicide July 3. The bank was a private institution, owned by Mr. Bowman and Mr. Mason as partners.
Bank Figures By Associated Press. Richmond, Ind., July 7-Receiver Spellenheimer states that the liabilities of the Hagerstown Commercial Bank are $157,715 and assets $64,880. There are six hundred depositors.
14.July 14, 1905The Chanute TimesChanute, KS
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Article Text
Indiana Bank Fails. Richmond, Ind., July 10. - J. A. Speckenheir was appointed receiver of the Commercial bank of Hagerstown, Ind., on application of President Frank Mason. The liabilities exceed $1,000,000, while the assets are given at $150,000.
15.July 15, 1905Free PressHays, KS
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Article Text
Indiana Bank Fails. Richmond, Ind., July 10.'- - J. A. Speckenheir was appointed receiver of the Commercial bank of Hagerstown, Ind., on application of President Frank Mason. The liabilities exceed $1,000,000, while the assets are given at $750,000.
16.July 22, 1905Omaha Daily BeeOmaha, NE
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Article Text
Failed Bank's Statement. RICHMOND, Ind., July 21.-A statement issued today by J. A. Spekinhier, receiver of the Commercial bank at Hagerstown, shows total assests of $108,914. It is estimated that there should be a 25 per cent shrinkage in this.
17.July 27, 1905East Oregonian : E.OPendleton, OR
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Article Text
GENERAL NEWS. The Southern Textile company, capitalized at $14,000,000, has failed. It operated 12 valuable cotton mills in southern states. The total acreage of cotton planted in the United States this year was 26,999,000 acres, which is 85.1 per cent of the acreage of last year. The cashier of the Hagerstown, Ind., Commercial bank, has suicided, and the affairs of the bank are being investigated by the grand jury. Charles Long, a negro accused of the murder of Mathew Cunningham, a white man, has been run down and surrounded in a swamp near Trenton, N. J. W. J. McDonald, a Long Island railway flagman, deliberately sacrificed his life to save that of a woman and her baby who were about to be run down by a train. A ship laden with samples of American manufactures of all kinds will leave New York for a tour of the world. It will carry interpreters of all modern languages. P. J. Potter's Sons, private bankers of Bowling Green, Ky., have failed with liabilities amounting to over $1,000,000. The face value of the assets is about $1,000,000. Attorney General Rodgers, of Arkansas, has brought suit against the International Harvester company for penalties amounting to $600,000 for alleged infringement of the Arkansas anti-trust law. Secretary Taft reiterates the opinion that unqualified free trade should be established with the Philippines immediately upon the expiration of the present treaty with Spain, which will be in 1907. Eight prominent women of Industry, Kan., completely wrecked John Peterson's "joint" or illicit saloon. Peterson left town immediately. No arrests, as the women have the backing of the entire respectable element.
18.November 14, 1906The Richmond PalladiumRichmond, IN
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Article Text
The case of J. A. Spekenheir, receiver of the Commercial Bank at Hagerstown, against the estate of John Bowman, will be called in the Wayne circuit court on Saturday.
19.November 21, 1906The Richmond PalladiumRichmond, IN
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Article Text
Report from Hagerstown has it that depositors there in the old Commercial bank are patiently awaiting the payment of another and a final dividend by the receiver, J. A. Spekenhier.
20.January 8, 1907The Richmond PalladiumRichmond, IN
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Article Text
# A General Claim.
William H. Porter's claim against J. A. Spekenhier, receiver for the defunct Hagerstown Commercial bank, for $90 becomes a general and not a preferred claim. This is in accordance with the ruling of Judge Fox, in circuit court Monday.
21.March 21, 1907The Richmond Palladium and Sun-TelegramRichmond, IN
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Article Text
Final Report Approved. Judge Fox approved the final report made by J. A. Spekenhier, receiver for the defunct Commercial Bank of Hagerstown.
22.March 29, 1908The Richmond Palladium and Sun-TelegramRichmond, IN
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TO er Hagerstown Banker, They Say That Accusations Are Unfounded. WESTERN DUNKARDS ARE MUCH SURPRISED. Wayne County Man by Munificent Gifts Has Intrenched Himself in Their Favor-Expects to Be Cleared. Hagerstown. Ind.. March 28 --Great activity is being shown by friends of James M. Wyatt, of Lordsburg. Cal., in the effort to defend him against the charges preferred by the local branch of the Dunkard church. Mr. Wyatt formerly was a member of this denomination but has been expelled because of his alleged complicity as a member of the firm of the Hagerstown bank. whereby a number of other members of the church and the general public in this vicinity were defrauded No matter how active may become Wyatt's friends there are those in this vicinity, who can not view his case in any way other than a violation of faith. The charges. which were signed by twenty-four members of the church in good standing. specifically allege that James M. Wyatt. also a member at the time in good standing, falsely represented certain relations he was presumed to hold toward the Commercial Bank, of Hagerstown. The charges further declare that Mr. Wyatt made the false representation for the purpose of misleading and deceiving his brethren in the church. without whose substantial aid the Commercial Bank could not have long continued in business. The charges conclude by saying that Mr. Wyatt influenced the signers to deposit their money in the bank, and that they lost more than $5,000 through the failure of the bank. which occurred soon after Mr. Wyatt made as ask that the accusers the representations annual alleged. meeting The Mr. of the Dunkard church require to refund to them of which was lost by $5,000. Wyatt them the alleged. through sum his false representations as on of suspended the church and active hood pain in being from brother- participation in church fellowship. Lordsburg Congregation Surprised. charges were forwarded to the committee of the which body standing church. These represents Dunkard the in the denominawere also sent and to the elder of tions. highest Wyatt. Copies authority the to Lords- Mt. a of which he is Mr. Wyatt's member. burg congregation. brethren be sent in to Cal- the ifornia have caused to Exponent. a newspavarious newspaper Hagerstown per. clippings local Lordsburg and resolutions adopted by the congregation. In all of these the action of the Hagerstown brethren is strongly condemned and Mr. Wyatt is sustained to the fullest extent. The news came to the Lordsburg as a great never received an congregation body having surprise. left here intima- that un that Mr. Wyatt had of his local It that James M. one is der tion asserted suspicion Wyatt brethren. the is most useful members of dein California. is in every renomination liberal of the assisting that church he and has strongly intrenchin the hearts of quirement ed himself by his the brethren. Every charge made members of this church branch is denied in full by Mr. Wyatt's friends. and the greatest indignation is expressed that such "unfounded charges* should ever have been made.. Expects to Be Cleared. It is stated. not by Mr. Wyatt, but his friends. that at the annual to be held in May at that he will clear of Moines. by meeting himself showing Des and succeed in animus of the every that the suspicion charges is malice and desire for revenge. than this there are strong suits for hints Further of damages have to be brought against those who signed the charges. An entire denial of all the charges is made. feeling among those who signed the here is one of amazement defense a dethat The charges Mr. Wyatt`s will be nial of the facts as affirmed by twentyfour of his former brethren. As fas as the threatened suits for damages are no fear is entertained that will be brought. among made concerned. no they weakening those There who is to be the charges and unless something unlooked for intervenes. the action against Mr. Wyatt will be prosecuted to the end.
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.
