Run on Chicago National Bank

Depositors’ run on John Walsh’s Chicago National Bank in 1905. Walsh, who was the partner of Charles Dawes and Samuel Insull in several gas deals, served three years at the federal prison at Fort Leavenworth for issuing fraudulent
call reports, which concealed the massive insider abuse at his failed bank. (Courtesy, Chicago History Museum)

This Post Has 2 Comments

  1. Frank Wolff

    What do you know of the failure of the Siegel, Cooper Savings Bank in the 1900s?

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