12334. Manchester National Bank (Manchester, NH)

View Charter #1059 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1059
Charter Number
1059
Start Date
August 1, 1893
Location
Manchester, New Hampshire (42.996, -71.455)

Metadata

Model
gpt-5-mini
Short Digest
33616496455c3b4b

Response Measures

None

Description

Multiple articles (retrospectives) state that the national bank at Manchester, N.H. failed during the panic of 1893 (week ending Aug 1, 1893). Texts are OCRed reprints from later papers (1897) describing the 1893 failures. No article describes a depositor run prior to suspension; the failure appears part of the wider 1893 banking panic (macro news). Dates are taken from the cited week (week ending Aug 1, 1893).

Events (2)
1. April 26, 1865 Chartered
Source
historical_nic
2. August 1, 1893 Suspension
Cause
Macro News
Cause Details
Failure occurred during the nationwide banking panic of 1893, listed among many national bank failures and suspensions in late July 1893.
Newspaper Excerpt
National banks at Manchester, N. H., and Indianapolis, Ind., fail, capital $500,000.
Source
newspapers

Newspaper Articles (4)
1. June 8, 1894 The United Opinion Bradford, VT
Article from The United Opinion, June 8, 1894

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floods has begun at Pueblo, Colc - James McNeil was drowned near City Point, South Boston-The governor of Indiana has ordered out troops to suppress rioting by miners-Thieves are at work in Providence and WickfordFoote of Yale heat Hobart at Tennis at New Haven-P. J. McDuffee was badly injured in bicycle races at Jemaica Plain (Boston)-Miss Luiu Erskine of Rockland. Me., drowned herself at Peekshill, N. Y-The warship Columbia's outer plates were damaged by a recent accident -- The officers of the Chicago are to be presented to royaltyThe contract to build the new school house at Orange, Mass, has been given to J. A. McKenna of Orange for $24.700William Pence, 15 years old, of Boston, was struck by a train on the Boston, Revere Beach and Lynn ilroad and badly injured. Monday, June 4 Car shops, several tenement houses, stables and beef plant at Laconia, N. H., were burnnd. Loss, $125,000-The Columbian freshman crew has arrived at New London, Conn-A free fight was narrowly averted at a political meeting of Armenians in Lynn, Mass-Men dishonorably disch arged from company M, Lowell, Mass., will demand a hearing— A business block at Burlington, Vt.. was destroyed by fire. Loss, $65,000The house is to fight for free raw materials even after the senate bill passes -Second Assistant Postmaster General Bell has resigned—An extra session of the Virginia legislature is to be called -President Ezeta of Salvador has resigned in favor of Carlos BonillaA Sunday morning fire at St. John, N. B., does $200,000 damageRev. Lyman Abbott declares that Dr. Smith's conviction was unjust-A desperate battle between Cripple Creek (Colo.) strikersand deputies is imminent -Rioting miners Indiana disperse on the arrival of the militia - Neal Dow received an ovation at a prohibition congress on Staten island The date upon which the Yale athletic team expects to leave for England to compete with Oxford on July 14, is Wednesday June 20, or Saturday, June 23A memorial service was held in the Methodist church, Barre, Vt., in honor of the late Rev. J. O. Peck, D. D., recently secretary of the National Methodist Missionary society-The apostolic delegate, Mgr. Satolli, left New York on an extended tour-Johnnie, the 4-year-old son of John Collins of South Framingham, Mass., wandered from home and the fire alarm was rung to call the citizens to organize searching parties, but the child was found about five miles from home. Tuesday, June 5. Professor W. D. Whitney of Yale college is reported somewhat better-A hundred persons were poisoned by pork in Rishofsworda, Saxony-The Mexican town of Tahualica was visited by a terrible gale and 10 persons were killed Ex-Governor Charles C. Van Zandt, formerly of Rhode Island, died at Brook line, Mass-The comptroller of the currency has declared another dividend against a Manchester (N. H.) bankAdmiral Erben and Captain Mahan were presented to the Prince of Wales at St. James palace-The death of Miss Kate Kelly of Waverly, Mass., is thought to have been due to a burglary at her home a few nights agoEdward Sanborn, a tool sharpener, of Barre, Vt., was drowned while rowing on

2. October 7, 1897 Crawford Avalanche Grayling, MI
Article from Crawford Avalanche, October 7, 1897

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OF SOME RESULTS CAPITAL LABOR IS EMPLOYED. AP dential administration and also proximity to tariff legislation. Week ending July 24, 1893.-Failure of Bozeman, Mont., National Bank. Four Denver banks closed their doors. Bank suspensions in other Western cities. Two bank failures in Milwaukee and runs on numerous other banks. Commercial Bank of Denver fails, capital $250,000. Bank failures at Vernon, Tex., and Knoxville, Tenn., capital $200,000. Failure of Tacoma, Wash., National Bank, capital $200,000; also failures of banks at Great FAR Falls, Mont., and*Orlando, Fla., capital $200,000. Suspension of work in manufactories reported from all sections. Week ending Aug. 1, 1893.-National banks at Manchester, N. H., and Indianapolis, Ind., fail, capital $500,000. Failure of First National Bank at Spokane, Wash., capital $250,000. Ten banks suspend in one day (July 27), capital $2,000,000. Bank failures in South Dakota, Montana, Illinois, Kansas, Texas, Washington, New Hampshire, and correspondingly large number of business suspensions. Week ending Aug. 8, 1893.-Collapse of Chicago Provision Deal and many failAND TRADIS ures of commission houses. Failure of National Bank of El Paso, Tex. Failure of National Bank of San Antonio, Tex. Failure of National Bank of Muncie, Ind. Fifty-third Congress meets in special session to begin its destruction of the McKinley law. Week ending Aug. 28, 1893.-Encounter between the anarchists and socialists averted by New York police. Meeting of anarchists broken up by New York police. Failure of national bank at Hindman, Pa. Failure of national bank at Tacoma, Wash. Suspension of manufacturing establishments in numerous States. Announcement by Comptroller of the Cured at 30,000,000 bushe rency that 155 national banks and 560 had sold this quantity private banks had failed during the year ending Aug. 28. Railroad receivers ap19, 1896, at the top tember delivery, they pointed during August for Northern Pacific, Philadelphia and Reading, New $16,575,000 in gold or which they could hav England, and Pittsburg, Akron and Western. time, 24,862,500 ounc same crop sold on Au September.-Railroad receivers appointtop price for Septemb ed for Wisconsin Central, Chicago, Pehave brought $26,962, oria and St. Louis, Cleveland, Canton and equivalent, which wou Southern, and Evansville and Terre 50,786,000 ounces of Haute railroads. The mileage of roads facts as these before t placed in the hands of receivers during the farmers will not be fo year 1893 was 25,375, nearly one-seventh Bryan. of all the lines in the United States, and their indebtedness $1,212,217,033. DurWonderfully ing the year there were 16,115 mercantile "While the newspa suspensions, involving liabilities amountbeen somewhat exag ing to $346,779,889. During the bank absolute fact that th suspensions of July, loans were made on er's financial conditio call at the N. Y. Stock Exchange as high as 72 per cent. improved. During th he practiced such eco Sixty Days of McKinley-Dingleyism. The following statements of revival of slight improvement last fall and fair value manufacturing industries during the sixty days following the enactment of the Dingand hogs, the thrifty ley law, the period corresponding with the reduced his debts. similar dates in the first year of Clevethis fall, he is indee land's second term, show the contrast bemortgage. The fall in tween present conditions and those of the is as remarkable as t corresponding months of the preceding adof the rising tide."-A ministration. The statements which folturist. low are from Bradstreet's Financial JourBrief Political nal: Week ending July 24, 1897.-Twenty Is there a "famine thousand workmen resume work in the There has been an iron and steel industries. Bigelow Carthirty per cent. in t pet Co., at Clinton, Mass., resume work, 900 hands. Packer Colliery at Rappahanarticle since the fram nock, Pa., resumes work, 1,000 hands. ley law. Columbus, O., Buggy Co., resumes, 400 Those dreary and men. C., B. & Q. Co. reports full comments showing the e plement of hands at work in its railroad of business failures a shops for first time in several years. Chattanooga Tradesmen announces large numtry during the four ye ber of iron furnaces in South resuming land administration a work. McKenna Steel Works, Joliet, pearing. The busines Ill., resume, 400 hands. Spinners at silk the second week of the mill, Paterson, N. J., receive increase in ber were only 169, W wages from 5 to 20 per cent. Pittsburg corresponding week o Plate Glass Co., Kokomo, Ind., resumes, and they range in tha 800 hands. Jones & Laughlin Iron the corresponding wee Works, Pittsburg, resume, 3,500 hands. Maine Central Railroad increases wages the Cleveland term. of employes. The contrast betwe Week ending July 31, 1897.-Tod furplus since the new naces, Youngstown, O., resume work. came in and that duri Numbers of manufacturing concerns in administration is very Connecticut and Pennsylvania resume Cleveland was compe work. Furnaces at Birmingham and Besdreds of millions of semer, Ala., resume work. Algonquin woolen mills, Passaic, N. J., increase bonds to keep up the wages 10 to 15 per cent. Atchison Railthe Treasury Departm way Co. announces inability to supply fied the Subtreasurer ( new cars to meet demands of shippers. It has all the gold It n Week ending Aug. 7, 1897. Ensign Car need not make any ef Manufacturing Co., Huntington, W. Va.,

3. October 9, 1897 Custer Weekly Chronicle Custer, SD
Article from Custer Weekly Chronicle, October 9, 1897

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SOME RESULTS OF PROTECTION. CAPITAL LABOR IS EMPLOYED. IS INVESTED dential administration and also proxmity to tariff legislation. Week ending July 24, 1893. Failure of Bozeman, Mont., National Bank Four Denver banks closed their doors. Bank suspensions in other Western cities. Two bank failures in Milwaukee and runs on numerous other banks Commercial Bank of Denver fails, capital $250,000. Bank failures at Vernon. Tex., and Knoxville, Tenn. capital $200,000. Failure of Tacoma. Wash.. National Bank. capital $200,000: also failures of banks nt Great FAR Falls. Mont., and Orlando, Fla., capital $200,000. Suspension of work in manulactories reported from all sections. Week ending Aug. 1. 1893. National banks at Manchester, N. H., and Indianapolis, Ind., fail. capital $500,000. Failire of First National Bank at Spokane, Wash.. capital $250,000. Ten banks susbend in one day (July 27). capital $2, 000,000. Bank failures in South Dakota, Montana. Illinois, Kansas, Texas, Washngton. New Hampshire, and correspondngly large number of business suspensions. Week ending Aug. S. 1893.-Collapse of Chicago Provision Deal and many failAND TRAD. ires of commission houses. Failure of is National Bank of El Paso, Tex. Failure if National Bank of San Antonio, Tex. Failure of National Bank of Muncie. Ind. Fifty-third Congress meets in special ses: sion to begin its destruction of the MeKinley law. Week ending Aug. 28. 1893.-Encounter petween rimo man. Pa. Failure of national bank at Tacoma, Wash. Suspension of manufacturing establishments in numerous States. Announcement by Comptroller of the Currency that 155 national banks and 560 ican people have le private banks had failed during the year value of our home ma ending Aug. 28. Railroad receivers apup again to foreigners pointed during August for Northern Paific. Philadelphia and Reading. New Wonderfully England, and Pittsburg, Akron and West"While the news rn. been somewhat exa September.-Bailroad receivers appoint absolute fact that t ed for Wisconsin Central. Chicago, Peer's financial condit oria and St. Louis. Cleveland. Canton and improved. During Southern, and Evansville and Terre he practiced such ec Iaute railroads. The mileage of roads slight improvement blaced in the hands of receivers during the last fall and fair valu rear 1893 was 25,375. nearly one-seventh if all the lines in the United States, and and hogs, the thrifty their indebtedness $1,212,217,033. Durreduced his debts. ng the year there were 16.115 mercantile this fall, he is Inde auspensions, involving liabilities amountmortgage. The fall ng to $346,779,889. During the bank is as remarkable as suspensions of July, loans were made on of the rising tide."call at the N. Y. Stock Exchange as high turist. IS 72 per cent. Sixty Days of McKinley-Dingleyism. Brief Politica The following statements of revival of And now cotton nanufacturing industries during the sixty procession of the fa days following the enactment of the Dingare advancing In pl ey law. the period corresponding with the pretty hard to find a similar dates in the first year of Cleveproduction which land's second term, show the contrast beduring the time the tween present conditions and those of the corresponding months of the preceding adfalling and the Ding ministration. The statements which foloperation. low are from Bradstreet's Financial JourThose dreary and nal: ments showing the Week ending July 24. 1897.-Twenty of business failures thousand workmen resume work in the from and steel industries. Bigelow Cartry during the four net Co., at Clinton, Mass., resume work. land administration 000 hands. Packer Colliery at Rappahanpearing. The busin nock. Pa., resumes work, 1,000 hands. the second week of Columbus, O., Buggy Co., resumes, 400 ber were only 169. men. C., B. & Q. Co. reports full comcorresponding week plement of hands at work in its railroad and they range in shops for first time in several years. Chattanooga Tradesmen announces large numthe corresponding W her of iron furnaces in South resuming the Cleveland term. work. McKenna Steel Works, Joliet, A Cont III.. resume, 400 hands. Spinners at silk mill. Paterson, N.J., receive increase in wages from 5 to 20 per cent. Pittsburg Plate Glass Co., Kokomo, Ind., resumes, 800 hands. Jones Laughlin Iron Maine Central Railroad increases wages of employes. Week ending July 31, 1897.--Tod furhaces, Youngstown, O., resume work. Numbers of manufacturing concerns in Connecticut and Pennsylvania resume work. Furnaces at Birmingham and Bessemer, Ala., resume work. Algonquin is woolen mills. Passaie, N. J., increase wages 10 to 15 per cent. Atchison Railway Co. announces inability to supply new cars to meet demands of shippers. Week ending Aug. 7, 1897.-Ensign Car Manufacturing Co., Huntington, W. Va., resumes work. Cleveland, O., rolling mills resume, 2,000 hands. Sugar producers of Louisiana advance wages 16 per cent. Cotton mills at Laneaster, Pa., resume, 1,000 hands. American Watch Co., Waltham, Mass., resumes in all depart189 ments. Iron works at Mahoning and Lebanon, Ohio, and Birmingham, Ala., resume. Week ending Aug. 28. 1897.--Fal! River Iron Works resume on full time, 2,700 hands. Fall River Printing Co. resumes on full time. Columbus, Hocking Valley FREE R. R. shops increase from half time to 10-hour schedule. Illinois Steel Co. announces resumption of work. National Tube Works at McKeesport, Pa., announce increase of wages. Union Iron and Steel Co., Youngstown, O., resume work after a long shut-down. Pennsylvania Railroad shops at Altoona increase schedule to ten hours. Washington, Pa., Steel and Tin Plate Co. doubles working eapacity. Birmingham, Ala., Railroad shops extend schedule to ten hours. Lawrence, Mass., Hosiery Mill resumes, 2,000 hands. Car works at Michigan City, Ind., increase schedule to twelve hours, with two years' work engaged, 1,500 hands. Week ending Sept. 18, 1897.-Cordage mills at Isaia, O., purchased for $500,000, to be reopened at once after several years of idiences. East Lake Woolen Mills, 1896

4. October 15, 1897 Hot Springs Weekly Star Hot Springs, SD
Article from Hot Springs Weekly Star, October 15, 1897

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LABOR IS EMPLOYED. CAPITAL IS/INVESTED lential administration and also proximity to tariff legislation. Week ending July 24, 1893.-Failure of Bozeman, Mont., National Bank. Four Denver banks closed their doors. Bank suspensions in other Western cities. Two bank failures in Milwankee and runs on numerous other banks. Commercial Bank of Denver fails, capital $250,000. Bank failures at Vernon, Tex., and Knoxrille, Tenn., capital $200,000. Failure of Tacoma, Wash., National Bank, capital $200,000; also failures of banks at Great Falls, Mont., and Orlando, Fla., capital $200,000. Suspension of work in manuactories reported from all sections. Week ending Aug. 1, 1893.-National anks at Manchester, N. H., and Indianapolis, Ind., fail, capital $500,000. Failof First National Bank at Spokane, Wash., capital $250,000. Ten banks susend in one day (July 27), capital $2,00,000. Bank failures in South Dakota, Montana, Illinois, Kansas, Texas, Washngton, New Hampshire, and correspondngly large number of business suspenions. Week ending Aug. 8, 1893.-Collapse of Chicago Provision Deal and many fail1 AND ires of commission houses. Failure of National Bank of El Paso, Tex. Failure National Bank of San Antonio, Tex. Failure of National Bank of Muncie, Ind. Fifty-third Congress meets in special sesion to begin its destruction of the McKinley law. Week ending Aug. 28, 1893.-Encounter etween the anarchists and socialists verted by New York police. Meeting of marchists broken up by New York poice. Failure of national bank at HindPa. Failure of national bank at l'acoma, Wash. Suspension of manufacuring establishments in numerous States. Announcement by Comptroller of the Curency that 155 national banks and 560 er's financial rivate banks had failed during the year I ending Aug. 28. Railroad receivers aphe practiced pointed during August for Northern PaPhiladelphia and Reading, New slight impro England, and Pittsburg, Akron and Westlast fall and 1 and hogs, the September.-Railroad receivers appointreduced his for Wisconsin Central, Chicago, Pethis fall, he and St. Louis. Cleveland, Canton and L Southern, and Evansville and Terre is as remark Haute railroads. The mileage of roads of the rising laced in the hands of receivers during the turist. ear 1S93 was 25,375, nearly one-seventh all the lines in the United States, and Brief heir indebtedness $1,212,217,033. DurIs there a the year there were 16,115 mercantile There has 1 suspensions, involving liabilities amountto $346,779,889. During the bank thirty per c suspensions of July, loans were made on article since at the N. Y. Stock Exchange as high ley law. 72 per cent. Those drea Sixty Days of McKinley-Dingleyism. ments show The following statements of revival of of business : manufacturing industries during the sixty days following the enactment of the Dingtry during tl ley law, the period corresponding with the land adminis similar dates in the first year of Clevepearing. Th land's second term, show the contrast bethe second W tween present conditions and those of the ber were on corresponding months of the preceding adcorrespondin ministration. The statements which foland they ras low are from Bradstreet's Financial Journal: the correspo Week ending July 24, 1897.-Twenty the Clevelan thousand workmen resume work in the The contra iron and steel industries. Bigelow Carplus since pet Co., at Clinton, Mass., resume work, came in and 000 hands. Packer Colliery at Rappahanadministrati nock, Pa., resumes work, 1,000 hands. Columbus, O., Buggy Co., resumes, 400 Cieveland W men. C., B. & Q. Co. reports full comdreds of mil plement of hands at work in its railroad bonds to ke shops for first time in several years. Chatthe Treasury tanooga Tradesmen announces large numfied the Subt ber of iron furnaces in South resuming it has all the work. McKenna Steel Works, Joliet,