1166. San Jose Savings Bank (San Jose, CA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
October 18, 1880
Location
San Jose, California (37.297, -121.819)

Metadata

Model
gpt-5-mini
Short Digest
e0f27a9a

Response Measures

None

Description

Multiple contemporary articles (Oct 18–20, 1880) report the San Jose Savings Bank suspended and going into voluntary liquidation due to lack of business; articles state it will pay in full. No run is mentioned.

Events (1)

1. October 18, 1880 Suspension
Cause
Voluntary Liquidation
Cause Details
Resolved by stockholders to go into liquidation and retire from business; suspension due to lack of business; voluntary liquidation.
Newspaper Excerpt
The San Jose Savings' Bank has suspended business. ... The officers of the bank refused to receive further deposits, and the bank will only be kept open for the settlement of outstanding accounts.
Source
newspapers

Newspaper Articles (6)

Article from Sacramento Daily Record-Union, October 19, 1880

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Article Text

Savings' Bank Suspension-Coron In. quest-A Plea or Gnilty. SAN JOSE, October 18th. - The San Jose Savings' Bank has suspended business. At a meeting held last Friday the stockholders adopted a resolution authorizing the Directors to take such steps as may be deemed necessary and advisable in the matter of liquidating the indebtedness of the bank, and of its retirement from business. A small minority were in favor of continuing in business. This morning the officers of the bank refused to receive further deposits, and the bank will only be kept open for the settlement of outstanding accounts. The bank is considered perfectly solvent, and is said to be able to pay up to the last dollar. Lack of business is said to be the cause of suspension. Coroner Harris held an inquest to-day at the Guadalupe mine, on the body of a Chinaman named Ah Chun, that was taken from a winze containing 35 or 40 feet of water on the 800 foot level, last evening. The jury found a verdict of accidental drowning, he having fallen through a hole in a wooden platform that covered the pool, while walk. ing over in the dark. Joseph H. Fisher was arraigned in Department No. 1 of the Superior Court to-day on the charge of assaulting S. W. Boring, with intent to commit robbery. On being asked, he said bis name was not Fisher, but refused to reveal what it was. He pleaded guilty, and said he was ready for sentence at any time. The sentence will be pronounced on Friday. The same defendant was afterward held to answer in the Police Court for his murderous assault on Harry Dimond.


Article from Eureka Daily Sentinel, October 20, 1880

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SAN JOSE, October 19.-The San Jose Savings Bank has suspended payment, going into voluntary liquidation on account of lack of business, but will pay in full.


Article from Wheeling Register, October 20, 1880

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The San Jose, Cal., savings bank has suspended.


Article from The Salt Lake Herald, October 20, 1880

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LATEST TELEGRAMS. oast Notes. San Francisco, 19.-Portland dispatch: Nathan Eaton assistant postmaster of Spanish Hollow, has been arrested for robbing the mails. His stealings have been systematically pursued for several months. He confessed on arrest. A daughter of George Madison, near Kerbyville, was burned to death, her clothes taking fire. The San Jose Savings Bank has suspended business, going into voluntary liquidation on account of the lack of business. It will pay in full.


Article from Sacramento Daily Record-Union, October 22, 1880

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PACIFIC COAST ITEMS. Plenty of work for honest tramps at Santa Rosa. Typhoid fever prevails in the upper part of Nevada county. Over 95,000 sheep have been driven into Montana this season. Ormsby county, Nevada, is to have a Republican barbecue. Diphtheria is ma king fatal ravages on Myrtle Creek, Oregon. White Russian wheat has been a great success in Galena, Nev. Charles Day, of Kern county, shot in six days 432 mountain quail. Deer are reported plentiful in the foothills about San Bernardino. Attempts to call a local option election are being made in San Jose. Colonel Hollister is employing boys and women to harvest his almond crop. The Sonoma and Marin Railroad is being ballasted, fenced and put in good order. A bet of $7,000 has been made in Salt Lake that Garfield will carry New York. Up to the 6th instant 754 bales of hops have been shipped from Puyallup, W. T. There are 61 Territorial convicts and 47 inmates of the Insane Asylum in Montana. There are indications of a revival of business and real estate at Santa Barbara. The crop of acorns in San Mateo is greater than usual, and hogs are becoming fat. A San Jose greyhound lately fell into a ditch and broke her back. She was valued at $250. Caterpillars are making their appearance in large numbers in the woods about Seattle, W. T. Donner lake at the present time is at its prettiest, owing to the autumnal tints of the shrubbery. The Carson Mint has shipped $62,500 to John R. French, disbursing officer of the Ute Commission. Worthless dogs injured a flock of sheep on Sulphur creek, Sonoma county, to the value of $200 last week. Value of lands in San Jose, $4,654,159 total value of property of all kinds, after equalization, $9,478,027. The monthly freight shipments from the Nevada Central Railroad to Grantsville are fully 700,000 pounds. A farmer on the Lower San Pedro, Arizona, claims to have realized 40,000 pounds of barley from SIX acres of irrigated land. Seattle, W. T., has a Chinese minister, whose name is Rev. Don Quen. He preaches the Christian faith in choice Chinese. The Alturas Independent tells the story of a squaw living near the town who is, according to statements furnished, 132 years old. The Grand Jury of Pima county, Arizona, reports favorably upon the management of the county offices. There is $12,843 in the treasury. At a meeting of the stockholders of the San Jose Savings Bank, held on the 16th, it was resolved to go into liquidation and retire from business. The Montana Husbandman says By the close of 1880 it is safe to estimate that the number of country homes have increased one-third during the year. Seven robberies have been perpetrated on the La Porte road between the Winthrop House and Diamond Springs the past week. Five teamsters were stopped in one day. Marble is HOW on exhibition at Eureka, Nev., which came from an extensive quarry not twenty miles from the Central Pacific Railroad, and can be sawed out in blocks 100 feet long. The Oregon Senate and House have both passed a constitutional amendment in favor of woman suffrage. In the Senate it was passed by a vote of 27 to 9, and in the House by a vote of 32 to 27. The Mount Shasta District Fair, at Yreka, Siskiyou county, was a decided success. It closed on the 16th. Among the more noticeable exhibits were bacon, fruit, butter, cheese and wool. Visitors came a distance of 200 miles. The Council of Seattle, W. T., have instructed their attorney to draw up an ordinance prohibiting children under 16 years of age from running the streets after the hour of 9 o'clock in the evening in winter and 10 o'clock in the summer. Dr. Kirby, County Physician, Virginia, Nev., offers the following wager that Garfield will be elected Twenty 50-pound sacks of flour, to be distributed among the poor of Storey county, the distribution to be made by two Republicans and one Democrat if the Doctor loses, and by two Democrats and one Republican if he wins. The Esquimalt (B, C.) dock, of which so much has been said, will be 400 feet long, with a depth of water of 361/2 feet, and will cost $1,000,000. It will be large enough to float the greatest man-of-war in her Majesty's navy. The harbor of Esquimalt is described as one of the finest in the world. The whole fleet of England could float upon


Article from Essex County Herald, November 5, 1880

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refused to receive the applications, and each of the 20 members of the class sent an application to him by mail. D. R. Riddell, the Chicago freight agent of the Michigan Southern railroad, has left town with a shortage in his accounts of $50,000 switching fees collected but not paid over. The San Jose (Cal.) savings bank has suspended business, going into involuntary liquidation on account of lack of business. It will pay in full. A tramp, refused foodat G.S. Mouray's farmhouse, near Tuckerton, Pa., recently, set fire to the barn and it was burned, with three mules, a number of cattle and other contents; loss $10,000. There is considerable loss of cotton in Texas through a scarcity of pickers, though an offer of half a cent is made to pickers in severa instances. Jose ph K. Emmet, the comedian, is in jail at Albany, N. Y., for beating his wife, and threatening to kill her and himself and to burn his new buildings. The sultan of Morroco has sent a note to the powers declaring that all religions will be respected throughout Morocco. Fifteen inches of snow fell at Buffalo, N. Y., recently, and trains were stalled between there and Rochester, the engines being without plows. The snow was about a foot deep all the way from Buffalo to Batavia. Ignorant old negroes administered strychnine to three patients at Harwood, Tex., thinking it was quinine. Two died in a few hours and the third is reported beyond recovery. It is reported that Victoria and all his band have been killed by Mexican troops. The Spanish government has given full reparation to the Chinese consul general for the indignity which the consulate suffered through the ignorance and brutality of two government policemen last month. The exports of domestic provisions and tallow from the United States in September amounted to $11.271 851, against 6,575,168 in September, 1879; for the nine months end. ing September 30 they were $103,722,559, against $81,919,055 for the same period of 1879. A. G. Hodges, for A long time grand treas. urer of the Kentucky grand lodge of Masons at Louisville, 64 years old, and one of the best known Masons in the state, is a defaulter for $7000.Col. Allison at Fort Baford. Dak., has been authorized by Gen. Terry to receive the surrender of Sitting Bull and his Indians, who must, however. exchange their ponies and arms for cattle and go to any Sioux agency to which they may be assigned. If Sitting Bull refuses these terms, the troops will move against him. The carriage-builders' national association in session at Chicago recently adopted resolutions for the establishment of a school of technology in New York especially devoted to the art of carriage-building. The Brazilian Parliament has voted a subsidy of $50,000 to a line of steamships to trade between that country and Canada. A sensation has been caused in Paris by the Due De Chartres, a bourbon, at a military dinner at Evreux proposing a toast to France and her government and to the president of the republic. The legitimists consider this an indirect acceptance by him of the republic. The duke said that in America where he passed a part of his youth it was customary to give such a loyal toast before all others. George W. Bell, a 16-years-old Paterson (N. J.) school-boy, has committed suicide by shooting, hard study having unsettled his mind. The corner-stone of the soldiers' monument to be erected in Forest Lawn cemetery at Buffalo, N. Y., was laid a few days ago under Grand Army auspices. A device by which, it is claimed, grain can be kept good in bulk for a year has just been tested at Antwerp. It consists in covering the floor on which the grain rests with perforated sheet-iron and forcing a current of dry air through the grain. An emigrant family of one man and two women were frozen to death in the recent blizzard, while camped near Springfield, Minn. A terrific hurricane passed over Denmark recently, doing much damage to shipping at Copenhagen. Gen. Garibaldi suffered greatly during his journey from Genoa to San Damiano d'Asti. He is 80 feeble that the utmost eare and rehealth. pose are required to restore him to ordinary Despite all precautions, the nihilists have succeeded in poisoning the czar. Two of the imperial cooks have been arrested on suspicion. An escort of Russian officers passed through Berlin having charge of 8,000,000 roubles, said to be the czar's private fortune. Mr. T. M. Healy, who acccompanied Mr. Parnell on his recent trip through America, was arrested recently at Cork on the order of the attorney-general. Mr. Healy is charged with active complicity with the plots of the land leaguers, and other arrests on the same charge will immediately follow. Eleven workmen at the Gautier mills, near St. Martin's, N. B., have been poisoned from eating diseased pork. A leading Montreal bank has notified its customers that interest will not be allowed on large sums after the 1st prox., owing to the difficulty of finding investments for large sums now lying idle. The Midvale steel works at Nicetown, near Philadelphia, have been sold. The only bidder was William Sellers, who purchased the works for $450,000 for himself and others. It will cost the cotton planters about $40,000,000 to market their crop this year, of which $25,000,000 will go into the pockets of colored laborers, many of whom are women and children. The Montreal police are SO bound by red tape that they refused to interfere recently with a prize-fight in the heart of the city in broad daylight, because they had no orders. When an opportunity came to arrest the two principals next day, the police refused to do 80 because they had no warrants.