Article Text
NEW HAMPSHIRE Suspended. LACONIA, N. H., November 19.-The Belknap Savings Bank in this place has suspended paying depositors for the present, and is calling in its notes. The bank bad $18,000 OD Spragues paper.
12312. Belknap Savings Bank (Laconia, NH)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- savings bank
- Start Date
- November 19, 1873
- Location
- Laconia, New Hampshire (43.528, -71.470)
Metadata
- Model
- gpt-5-mini
- Short Digest
c9492631abe27ff4
Response Measures
None
Description
Two contemporaneous newspaper notices (Nov 19, 1873) report that the Belknap Savings Bank of Laconia suspended payment of depositors and was calling in its notes, citing $18,000 in Sprague's paper. No articles here mention a depositor run or a subsequent reopening or receivership; the immediate cause appears to be adverse bank-specific paper (bad loans/discounts). I classify as suspension_closure because there is no evidence in these items of reopening; if further sources show a resumption, the classification should be updated.
Events (1)
1.
November 19, 1873
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- $18,000 exposure on Sprague's paper (bad/uncertain paper being called in)
- Newspaper Excerpt
- The Belknap Savings Bank in this place has suspended paying depositors for the present, and is calling in its notes. The bank had $18,000 on Spragues paper.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
LACONIA, N. H., November 19 - The Belknap Savings Bank in this place has suspended paying depositors for the present, and is calling in its notes. The bank had $18,000 on Spragues paper.