12371. Peterboro Savings Bank (Peterboro, NH)

Bank Information

Episode Type
Run โ†’ Suspension โ†’ Unsure
Bank Type
savings bank
Start Date
December 10, 1895
Location
Peterboro, New Hampshire (42.871, -71.952)

Metadata

Model
gpt-5-mini
Short Digest
246305bb1cfd16a4

Response Measures

None

Description

Newspapers (Dec 10โ€“13, 1895) report steady withdrawals from Peterboro Savings Bank leading the Supreme Court to enjoin the bank from receiving or paying deposits. This indicates a depositor run followed by a court-ordered suspension; sources here do not report a reopening or final closure, so outcome is uncertain.

Events (2)

1. December 10, 1895 Run
Cause Details
Steady heavy withdrawals by depositors threatened liquidity; article gives no specific trigger such as rumor or correspondent failure.
Newspaper Excerpt
the steady withdrawals by depositors, which, if continued, will necessitate the sale of a portion of its securities
Source
newspapers
2. December 10, 1895 Suspension
Cause
Government Action
Cause Details
Court injunction enjoining the bank from receiving or paying deposits due to threatened need to sell securities to meet withdrawals.
Newspaper Excerpt
The Supreme Court has issued an order enjoining the Peterboro Savings Bank from receiving or paying deposits.
Source
newspapers

Newspaper Articles (2)

Article from The Indianapolis Journal, December 11, 1895

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Article Text

Business Embarrassments. CONCORD, N. H., Dec. 10.-The Supreme Court has issued an order enjoining the Peterboro Savings Bank from receiving or paying deposits. This action has been made necessary by reason of the steady withdrawals by depositors, which, if continued, will necessitate the sale of a portion of its securities at a sacrifice. None of the bank's securities have thus far been disposed of to meet the demands of its depositors, and the trustees, who are large depositors. representing each over $100,000, have not withdrawn a dollar of their deposits. The amount due depositors is $705,000, and it is believed by the trustees and commissioners that the assets will cover all claims. MANSFIELD, O., Dec. 10.-Israel Shonfield, the leading clothing merchant here, made an assignment this afternoon. Assets, $65,000; preferred claims, $39,000; liabilities unknown. MILWAUKEE, Wis., Dec. 10.-Henry Vogt, one of the largest contractors in the city, assigned to-night. Assets, $75,000; lia. bilities, about $40,000.


Article from St. Johnsbury Caledonian, December 13, 1895

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Article Text

RECORD OF THE WEEK. Thursday. A "hugger" making attacks on unprotected girls in the streets of Amesbury, Mass., at night.-Pinkerton detectives capture four men who have made a business of highway robbery near Concord, N. H.-The Red Cross society talks of undertaking relief work in Turkey.Pennsylvania penitentiaries overcrowded and arranged SO as to be nurseries of crime.-Thefts from the treasury department at Washington have been going on for some time. About 25000 old papers have been taken and the stamps and autographs removed. About 18000 of the cancelledstampshave been recovered. Two negroes, Washington and Edwards, have been arrested.-Terrific gale rages off English coast.-Snowfall and wind throughout New England.-Two trains collide in the Boston & Albany station, Boston, and do $5000 damage to rolling stock. Passengers badly shaken up.Said Pasha, fearing assassination,seeks protection at the British embassy.-John C. Stone, under arrest at Fort Wayne, Ind., makes confession of murders that rival those of H. H. Holmes. Friday. Philadelphia capitalists buy Long Islands city's railway and light system for nearly $2,000,000.-Mary E. Wetherbee arrested at Manchester, Vt., for drowning her six-weeks old child.-Another massacre reported from Turkey. The Armenian monastry at Hassan Kaleh sacked and burned.-Sir Philip Currie refuses sultan's demand to deliver Said Pasha who took refuge at the British embassy.-Rebellion in China assuming serious proportions. China may ask help from Russia.-Depositors of Willimantic Dime bank will get back 50 per cent.-Pension agent Lord, whilegiving testimony in bis own behalf in court at Portland, Me., becomes unconscious.Speaker Reed taking his time about making up committees.-England: reply to Secretary Olney is a firm refusal to back down on the Venezuelan matter.-Li Hung Chang says the United States is afraid of Japan.-Cuban army in a bad position and in danger of defeat. Saturday. Schooner found floating near Pollock Rip, Mass., wrecked in the recent storm. Nothing known of her crew.-James S. Chaffee, charged with receiving stolen goods, indicted on 17 counts in Boston. He pleads not guilty.-Turkey's bloody record confirmed bv consuls. Not less than 500,000 persons dead or dying More atrocities reported.-An aged Biddeford, Me., carpenter killed by his son, who is thought tobeinsane.-J W. Smith and Mrs. Higginson, who eloped from Boston, have arrived at Genoa.-Apaches in Arizona have taken the war path and have done some killing-Tremendous hurricane continues in vicinity of British Isles.-Capt. Bassett, doorkeeper of the Senate, Washington, very ill.-The sultan yields so far as to allow extra guard ships to enter the Bosphorus.-Prof. Bates, formerly of Harvard, dies Santa Barbara, Cal.-Cardinal Persico, of Dalmatia, is dead.-Mrs. Ballington Booth holding meetings in Boston.-Lecky, the English historian, elected to the house of commons for Dublin University.-Dumas estate estimated at 3,000 francs.China wants Russia's aid to help quell the rebellion.-Lord Dunraven to sail for New York on Dec. 12. Sunday. British steamer Principia reported to have been on fire Nov. 13, and running for one of the Faroe Islands, struck a rock and sank, only one survivor remaining to tell the tale.-Mrs. Ballington Booth addresses three large audiences in Boston.-George Augustus Sala, journalist and author, dies at Brighton, England.-American labor federation in session in New York.-Boston women teachers ask for higher salaries.-The sultan reported very much unnerved by the incident of the presentation of a petition in the street a few days since. He thought the man who threw himself in front of the carriage was an assassin.H. Thane Miller, the blind evangelist, dies at Cincinnati.-Ridgefield, Conn., has a disastrous fire in the business center.-Three trainmen killed under wreckage of a train which fell over an embankment near Port Morris station, N. Y.National secret political order, to be called Patriots of America, being formed by W. H. Harvey, authorof Coin's Financial School-Bank cashier D. W. Lane, of Manchester, N. H., short $44,000 in his accounts fromlettingi out on drafts, raised money to pay it all back to the Merchants' bank. Monday. Five companies of Italian soldiers operating in Abyssinia are surrounded by 25,000 Abyssinians, and only a small party succeeded in breaking through and getting away.-Seven victims of a mad dog taken to the Pasteur Institute in New York.-Thieves make an attempt to burglarize bank at Limerick, Me., but were caught at their work.-Boston chamber of commerce talks of the need of a broader and deeper way to the ocean from their harbor.-Herr Von Koeller, Prussian Minister of the Interior, resigns. -Senator Morgan scores British ambassador in Congress.- The comet called Perrin's now visible to the naked eye just before daybreak.-Renegade Apaches making for Old Mexico -Officer Buswell, of the Massachusetts state prison, badly cut by a broken bottle in the hands of Donna Diego, serving a sentence for an assault with intent to kill. Tuesday. Josiah Quincy elected mayor of Boston by a large majority.-New Odd Fellows' hall at Malden, Mass., dedicated.-The Peterboro, N. H., savings bankintrouble but will be able to recover.-Michael Lemhan, who shot Mrs. Grace Griffin at Orono, Maine, and then himself,hasdied, but the woman will recover.-Minister Bayard taken to task in congress by Congressman Barrett for his