Central Savings Bank - St Louis, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: July 7, 1876
Location: St Louis, Missouri (38.627, -90.198)

Metadata

Model: gpt-5-mini
Short Digest: 39a13d62

Response Measures

None

Description

Article (Daily Press and Dakotaian, 1876-07-08) reports Central Savings Bank of St. Louis closed its doors July 7, 1876 and assigned property to three trustees for depositors/creditors/stockholders. No run is described; the bank suspended and appears to be permanently closed with trustees assigned (receiver-like). Cause is not specified in the article.

Events (3)

1. July 7, 1876 Other

Newspaper Excerpt: the president and directors make a statement of assets, will meet liabilities and make assignment of all property of the bank to three prominent trustees for depositors,-creditors and stockholders.
Source: newspapers

2. July 7, 1876 Receivership

Newspaper Excerpt: make assignment of all property of the bank to three prominent trustees for depositors,-creditors and stockholders.
Source: newspapers

3. July 7, 1876 Suspension

Cause Details: Article gives no cause for the suspension/closure; simply reports the bank closed its doors and directors made a statement of assets.
Newspaper Excerpt: CLOSED ITS DOORS, ST. LOUIS, July 7 - The Central Savings Bank, of this city, closed its doors to-day.
Source: newspapers

Newspaper Articles (1)

1. July 8, 1876 Daily Press and Dakotaian Yankton, SD

Article from Daily Press and Dakotaian, July 8, 1876

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Article Text

CLOSED ITS DOORS, Sr. LOUIS, July 7 - The Central Sa vings Bank, of this city, closed its doors to-day. The president and directors make a statement of assets, will meet liabilities and make assignment of all property of the bank to three prominent trustees for deposit ors,-creditors and stockholders. BANKRUPTCY. NEW YORK, July 7-A. A. Selover, a well known Wall street operator, has filed a petition in bankruptcy. Total liabilities $660,000, of which *365,000 is partially secured. BURLINGTON, Ia., July -The democratic judicial convention of this district will be held on the 22d of July STOCKHOLDERS MEETING. At a meeting of the stock holders of the Burlington & Northwestern railway today, resolutions were adopted authorizing the board of directors to mortgage the road, not to exceed $5,000 per mile on the part of the road running from Burlington to Winfield, and issue bonds said bonds to be hypothecated, and as last as subscriptious are paid in, that so much of the money so received as is not needed for the construction and equipment shall be applied to paying the deut secured by these bonds; no more of said bonds to be hypothecated than are absolutely necessary to construct and equip the road to Wintield. BASE BALL. CINCINNATI, July 7.-New Haveus, 3: Cincionalis, 1. BLAINE AUGUSTA, Me. July 7.-Gov. Connor called on Mr Blatne, 10 his sick room and tendered him the appointment of U.S. senator, saying that be believed it to be the general expectation, and wish of the republicios of Maine - that lie should fill the Vacancy caused by Morrill's re-ig nation It IS understood that Bluine will accept the place. Blaine has not been quite well to day ACCEPTANCE COLUMBUS, O., July 7.-I: is understood here that Gov. Hayus' letter of acceptance will be ready for the papers of Monday morning. It will probably be brief.