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1 SAVINGS BANK SUSPENDS. Boston, Feb. 26.-A "Journal" dispatch says that the New-Market Savings Bank, of New-Market, N. H., has suspended. The cause was unfortunate investments in real estate and on (personal security. The
12367. New Market Savings Bank (Newmarket, NH)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- savings bank
- Start Date
- February 26, 1892
- Location
- Newmarket, New Hampshire (43.083, -70.935)
Metadata
- Model
- gpt-5-mini
- Short Digest
21d35b6d75732f32
Response Measures
None
Description
Multiple contemporaneous newspaper dispatches (Feb 26, 1892) report the New Market/Newmarket Savings Bank of Newmarket, N.H., has suspended because of unfortunate investments in real estate and on personal securities, and state the bank will be closed or closed up. No articles report a reopening; coverage indicates permanent closure/large losses to depositors.
Events (1)
1.
February 26, 1892
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Unfortunate investments in real estate and on personal (private) securities leading to insolvency; deposits about $191,000.
- Newspaper Excerpt
- The New-Market Savings Bank, of New-Market, N. H., has suspended. The cause was unfortunate investments in real estate and on personal security.
- Source
- newspapers
Newspaper Articles (10)
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A Savings Bank Suspends. NEWMARKET, N. H., Feb. 26.-The Newmarket Savings Bank has suspended. Its deposits are about $191,000.
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Business Troubles. POTTSVILLE, Pa., Feb. 26-A false rumor. started by nn unknown person, caused a run on the Union National bank of Mahonoy City today, but the depositsrs soon found out there was nothing in the report and stopped. BOSTON, Feb. 26,-A Journal special says the New Market Savings bank, of New Market, N. H., has suspended. The cause is unfortunate investments in real estate. The deposits are about $191,000. The bank will be closed up. DENVER, Feb. 26.-The Western Farm Mortgage Trust Company has filed its annual report in the district court. It shows a capital stock of $8,000,000, of which it is alleged two-filths was paid-in stock, being paid in by the surrender of an equal amount of stock in the Western Farm Mortgage Loan Company, of Lawrence, Kan., and the debts amount to $2,303,072. CINCINNATI, Feb. 26,-Spiegier & Co., tanners,
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Telegrams Boiled Down. The famous Dacoit leader, Boh Minlaung, has been captured at Kudoung. The Newmarket (N. H.) Savings Bank hassuspended. The deposits are about $191,000. Chile has declined altogether to participate in the World's Fair at Chicago on the plea that she cannot afford it. Dr. Volkovitch, the Bulgarian agent at Constantinople, who was stabbed Thursday by an unknown man, died yesterday. The total amount of gold ordered yesterday for Europe in New York was $750,000. Total since February 19th, $2,750,000. The Sheffield (Ala.) Savings and Trust Company has assigned. The deposits are $20,002. The assets are said to be above the liabilities. M. Bourgeois has abandoned his attempt to form a Cabinet for France, and President Carnot has now summoned M. Loubet to undertake the task. The British House of Commons yesterday, on motion of Mr. Balfour, Chief Secretary for Ireland, formally expelled Edward Decobain, Conservative member for West Belfast, who is & fugitive from justice. The Executive Committee of the National Committee of the People's party will meet at Omaha May 11th for the purpose of perfecting arrangements for the holding of the national convention of that party July 4th. Bieberstein, German Imperial Minister of Foreign Affairs, announced to the Budget Committee of the Reichstag yesterday that the government had determined not to abandon the German possessions in Southwest Africa. Attorney-General Atkins, of Arkansas, has filed a suit in chancery against ex-Treasurer Woodruff and his bondsmen for $150,000. This is the beginning of another chapter in the tamous State Treasury defalcation case. Chancery proceedings are about to open, following a writ served upon Mrs. Parnell and Justin McCarthy jointly, at the instance of Messrs. Redmond and Harrington and others, with a view to decide the custody of the Paris funds. Mossrs. Finiayson and Smith, directors, and Mr. Miller, manager, of the Australian Mercantile Loan Company, Sydney, N.S. W., have each been sentenced to seven years' imprisonment at hard labor for frauds perpetrated in connection with that institution. A. collision occurred late Thursday night on the Cincinnati Northern railroad near Norwood, six miles north of Cincinnati. The only passenger hurt was Mrs. Catherine Flynn, of Cincinnati, but her injuries are believed to be fatal. Engineer George Collins was killed. The Russian newspapers, with scarcely an exception, unfavorably criticise the speech of Emperor William at Brandenburg. They declare that the language used on that occasion is calculated to inspire doubt and anxi tv as to the stability of Emperor William's pacific intentions. It is reported in Paris that at a meeting of members of the party of the Right it was decided to modify the conse: vative policy, to accept the republic, and beneeforth to confine attacks to individuals and the conduct of the existing Ministry. A general meeting of the party is expected to make a declaration to this effect. John P. Sutton has tendered his resignation as secretary of the Irish National League of America to President Gannon. Under the existing constitution the secretary holds office by appointment of the President, and in view of the divergent opinions of Mr. Gannon and Mr. Sutton in regard to the recent address the latter considered it his duty to resign. The 178 negro emigrants from the Southwest who are stranded in New York city on their way to Liberia, were evicted from their temporary quarters at the Eighth-avenue mission yesterday by the Board of Health. The mission secured quarters for them in tenement houses in the neighborhood. They are said to be determined to stick together until March 10th, when & vessel salls for Liberia from New York. James Spurgeon, a brother of the late Charles H. Spurgeon, has provisionally assumed the duties of the pastorate of the Metropolican Tabernacle in London. Mr. Pierson was the most
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CONDENSED NEWS. Duluth, Minn., had a big blizzard on Saturday night. Twenty-one guns greeted President Harrison and party at Norfolk. The Trans-Mississippi congress wante New Mexico and Arizona admitted as states. A railroad war among the coal roads at Kingston, Pa., is creating some excitement. John P. Sutton has tendered his resignation as secretary of the Irish National league of America to President Gannon. The state department has asked for the extradition from Mexico of H. H. Wandell, a citizen of Texas, who is wanted in that state on charges of burglary. The firemen on the San Antonio & Aransas Pass railroad complain that they are being superseded by new men and another strike is among the possibilities. At Newport, Ark., a Mr. Swearingen married a Miss Brattley and took her home. On the following night some one shot and killed the bride while standing near a window. Gideon W. Marsh, the fugitive president of the defunct Philadelphia Keystone National bank, is in Buenos Ayres, where he is engaged in business and reported to be doing well. The Newmarket Savings bank of Newmarket, N. H, has suspended. The cause was anfortunate investments in real estate. The deposits are about $191,000. The bank will be closed up. The indictment charging William M. Laflin, publisher of the New York Sun, with printing accounts of the four electrocutions at Sing Sing, N. Y., was dismissed on the recommendation of the district attorney. Jacob Barnhard started a saloon at North Grove, in Miami county, Ind., in spite of vigorous protests of the people. Before daylight the saloon building was : blown into thousands of pieces by a dynamite bomb, which had been placed The in the interior by the prohibitionists. barkeeper, Phillip Graff, was sleeping in the saloon, but miraculously escaped dangerous injury.
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NEW HAMPSHIRE NOTES. The New Market savings bank has suspended. The cause was unfortunate investments in real estate and on personal securities. The deposits are about $191,000. There will be large loss to the depositors. The bank will be closed. Frederick W. Wentworth, aged 21, teller of the Trust and Guaranty company of Portsmouth, is a defaulter in the sum of $2570. His bondsmen will make good the money, which was expended in fast living. Rev. J. H. Haines, a popular Methodist clergyman well known throughout the state, who has been for two years pastor of the church at Laconia, was on trial two days last week on the charge of falsehood, arising from a previous charge of kisslng one or more of the sisters of his church and other conduct unbecoming a clergyman. Mr. Haines was expelled from the conference. Many of the members of Mr. Haines's church think him innocent. The police at Laconia were notified of the arrest at Montreal of Robert H. Pope and wife, who are charged with stealing $3100 from the house of Jacob Moulton, a farmer residing at Sanbornton, a few miles from Laconia. The Popes have been enjoying high life in Canada for some time. The Laconia officer who went to Montreal to get the prisoners, returned without them, as the authorities there demanded the payment of $316 for arresting and keeping them. Pope says he found the money in an iron kettle in a stone wall in Sanbornton, near Moulton's residence. Moulton says that is where he secreted his money, among other places. Rev. Dr. Edward Robie has completed a 40-years' pastorate over the Congregational church at Greenland. This church is remarkable for ministerial permanency. It has had but seven ministers during the 186 years of its existence, the first two pastorates covering 97 years. Dr. Robie is in his 72d year, and no living New Hampshire clergyman has had so long a pastorate.
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THE NEWS EPITOMIZED, Eastern and Middle States. THE New Market Savings Bank, of New Market, N. H., has suspended. The cause was unfortunate investments in real estate and on personal security. GENERAL GEORGE W. CULLUM, a distinguished officer of volunteers during the Cival War and a retired Colonel of Engineers of the regular army, died recently at his home in New York City of pneumonia. He was eighty-three years old. A STORM caused extensive damage to the New Jersey coast. High winds, rain and snow delayed shipping, caused broken bones and played havoc generally.
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THE NEWS EPITOMIZED. Eastern and Middle States. THE New Market Savings Bank, of New Market, N. H., has suspended. The cause was unfortunate investments in real estate and on personal security. GENERAL GEORGE W. CULLUM, a distinguished officer of volunteers during the Cival Wall and a retired Colonel of Engineers of the regular army, died recently at his home in New York City of pneumonia. He was eighty-three years old. A STORM caused extensive damage to the New Jersey coast. High winds, rain and snow delaved shipping, caused broken bones and played havoc generally.
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If Montpener, from twelve to six o'clock. same methods day have failed, try Dr. Gage, for his other cures are truly wonderful. is who HOUSEKEEPING. The housekeeper and who feet from morn till night, perplex on her things to worry and the duties has so will many be better able to perform taking Ayer's It her, which devolve upon her by medicine. Sarsaparilla, the superior digestion, imquickens the appetite, of health aids to the weak and parts nerveless, the vigor cures others and will cure you. and & PIERCE, manufacturers have reFLANDERS of harness and saddlery, door south jobbers from Hazen black, next to their new moved and Patriot office, where can be of Argus Opera-house block, harness and store in complete a line of in New found furnishings as as in any town Sign of horse Call and be convinced. Opera-house the England. gray horse in window, block, Montpelier. H., failure of the New Market, false reports N. THE Bank was caused by treasurer, Savings by enemies of the late bank. A circulated and run' on the private causing and letter a scare bonds says: " will The amount losses on to Western can about say stocks Dakota principally You are better $3,000, Eastern investments Wasn't the that our those of the West." little? M. W. than Wicked West" in it just a Wheelock. SALE.-No. 1 pine lath, mouldings-all No. 1 eightFOR spruce shingles, finish een-inch made to order-house kinds and butternut, ash, oak, cherry, spruce, wood, bass, Alabama hard pine, Bought Michigan at the white flooring of all kinds. Turning pine, be sold cheap for cash. work in mills, will order. All kinds of job condone wood-working to line. Telephone Pin Comnections. the United States Clothes pany, Montpelier, Vt. WillA. AINSWORTH, Barre organs and and GEORGE dealer in pianos, quality sewing-machines. iamstown, Competition in Satisfacof goods challenged. Perand prices Barre headquarters, Main street. tion Chandler's guaranteed. jewelry-store, 73 North attended goods ley Correspondence promptly cordially invited. to. Inspection for of $35 a vibrating shuttle N. He sells which the manufacturers be gewing-machine guarantee as being the best that can made." been troubled with chronic during that sore "I for HAVE forty-five years, and remedies, eyes have used many different seemed to do time I never found any that box of I but have good until I procured Ointment. a me any Eye and Skin of the box, Chamberlain's used only about one-third I have never have truthfully say that look as well and can feel as well, nor them enhad my eyes expect to cure Dow do now. I -Ben Heath, f as they the ointment.' for sale tirely Iowa. with Twenty-five-cent Vt. boxes by City: Blakely, Montpelier, r C. Central Vermont has its published lines to 1 THE of fare from points during on the meeting rates Washington and return National Encampment, el in that city September of the 20, 21 and Barre, 22. The $13.80 rate y G. A. Montpelier R., is $13.60; rate covers al o f from Waterbury, $13.65-and Burlington this and Middlesex points between from Northfield is $13.50 White t inclusive. Therate Randolph, $13.30 excurRoxbury, $13.45; $12.35. Side-trip V River Junction, arranged from Washington , sions have been the neighboring states. train g special A. M., to the battlefields will in leave St. Albans, connect- Sunof steamers. day, ing A at September New London 18, at with seven the Norwich line 2 an epidemic of whooping-cough family there t at bought DURING De Witt, a fifty-cent Iowa, a bottle prominent children. of Chamberlain's It proved e Cough Remedy for their they recommended it In a less than , an so their satisfactory neighbors; week's that and they, time in the turn, druggist, to others. Mr. run immense a C. V. Baxter, medicine was having is still the main colds, ree on it. The in that vicinity for coughs, Mr. Baxter a liance and whooping-cough. For sale by croup It sells on its merits.' Vt. and says: Blakely, druggist, Montpelier, C. addition to heavy teaming as in the t 1 trucking, COAL.- which I shall of continue H. M. Pierce the I past, business I have purchased carried on by him careful for the atten- last r coal and, by close and intend four years, wants of my customers, of the tion to the receive the patronage been ento merit and twenty years I have and I public. The business in Montpelier all or 1 gaged careful in active attention I have be given a sufficient t the intrusted to me should than threef ders future. More has guarantee used in S fourths of of the the coal been delivered Montpelier by my teams, experia for years knowledge past gained by carefully long see and the best grades of coal, delivence of when the desired, and promptly consumers a cured makes it an advantage for to me to secure e ered, to deal with my customers. me as well as Benjamin comedy Daley. suc e them as FROHMAN'S famous at Blanch CHARLES Jane," will be presented evening, May in cess, Opera-house, Tuesday produced c a ard's This comedy was first when it scored 10. New York last summer, one hundred nights, t brilliant run crowded of over houses at acts, each and perform- was playing to is in three and W. , written by Harry produced in e where it attained adapted by com ance. It was Jane' originally and great Nicholls popularity. greatest William Lestocq London It has Gile lette, and is said The comedy is a 1 girl, servant edy Jane hit after one figures of its for few hours as been revised of years. to be droll the characters, named who
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Jan 11-First national bank of Muncie, Pa. Jan. Co-Firstinational bank of Downs, Kan.. $100,000. Jan. 23--Bank of Jefferson at Shepherdstown. W. Va. Jan. 29-Fall River county bank at Oetricks. Butler county bank at Chicora, S.D.; $30,000 Pa.: $60,000. Feb. 2-Commercial loan and savings bank at Kearney, Neb.: $150,000. Feb. 3-National bank of Silver City, and Feb. 4-Marcy. Geer & McCann's bank at Raton, N.M.; $800,000 First national bank of Deming, N. M. Feb. 6- Western Farm Mortgage Company at Denver: $1,000,000. Feb. 8 - Merchants' bank of Moorehead. Minn.: $175,000. Feb. 26-Newmarket (N. H.) savings bank suspended; $191,000. Mar. 1-Lima (O.) national bank. Mar. 21-Painesville (O.) Savings and Loan Association bank. Mar. 24-American national bank of Birming. ham, Ala. Apr. 15-Interstate national bank of New York. Apr. 27-Commercial bank of St. Paul, Minn.: $1,000,000. May 25-People's bank of Sea Isle City, N.J. June 4-Platte Valley bank at Central City, Neb. June 25-First national bank at Erie, Kan., Nesha county: losses, $30,000. Sep. 2-Nebraska State bank. at Crète. Sep. 23-Richmond (Me.) savings bank. Sep. 24-People's bank at Hope, Ark. Oct. 17-Two Nebraska state banks, one at Ainsworth, the other at Springview. Oct. 27-Hot Springs (Ark.) Valley bank (private); $80,000. Nov. 5-Continental bank at Kansas City, Mo. Nov. 30-Stone City bank, of Joliet, I!I., and Joliet Enterprise Co. (barb wire manufacturers): $1.000,000. Dec. 6-Wholesale mercantile firm of Wilezinski & Nelson at Greenville, Miss.: $100,000. Dec. 13-Black Hills national bank at Rapid City, S. D. Dec. 13-Lipman & Co., jute merchants at Dundee, Scotland, failed for $1,250,000. Dec. 15-National bank of Newton, Kan. Dec. 18-Wholesale grocery in Brooklyn, N. Y.: $400,000.