13765. Connecticut River Savings Bank (Charlestown, NH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
January 1, 1897
Location
Charlestown, New Hampshire (43.239, -72.425)

Metadata

Model
gpt-5-mini
Short Digest
22d0093d

Response Measures

None

Description

Articles (Jan and Jul 1897) refer to F. C. Faulkner as receiver of the Connecticut River Savings Bank and report dividend payments by the receiver. No run is mentioned. The bank is in receivership (closed) and paying dividends, so classified as a suspension leading to closure/receivership. Dates of original suspension not given; receiver activity documented in Jan 1897 and July 1897.

Events (3)

1. January 1, 1897 Receivership
Newspaper Excerpt
F. C. Faulkner, receiver of the Connecticut River Savings bank of Charlestown, announces that he will pay a second dividend of 10 per cent on and after Jan. 13, 1897.
Source
newspapers
2. July 30, 1897 Other
Newspaper Excerpt
F. C. Faulkner, receiver of the Connecticut River Savings bank, expects to pay another 10 per cent dividend very soon, and it is thought that the depositors will realize a total of 75 per cent of the principal secured by the depositors.
Source
newspapers
3. * Suspension
Cause
Government Action
Cause Details
Bank placed in receivership (receiver F. C. Faulkner) leading to suspension of normal operations.
Newspaper Excerpt
F. C. Faulkner, receiver of the Connecticut River Savings bank of Charlestown...
Source
newspapers

Newspaper Articles (2)

Article from Vermont Phœnix, January 1, 1897

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Article Text

F. C. Faulkner, receiver of the Connecticut River Savings bank of Charlestown, announces that he will pay a second dividend of 10 per cent on and after Jan. 13, 1897. This will make 50 per cent of the principal secured by the depositors. N. G. Woodbury, 73, died at Keene Monday. He had been engaged in the manufacture of pails for many years and was one of the largest and best-known manufacturers in New England. He was senior member of the firm of Woodbury & Howard furniture dealers and was director in two banks. Willard N. Ripley, 52, was found dead in his bed in his room in a hotel at Lowell, Mass., last week Tuesday. A small bottle from which the label had been removed, was found near him and it is supposed that he committed suicide, as he had been despondent because of ill health. His brother, Henry, of Worcester, who was summoned, identified the body and it was taken to Winchester, N. H., his native town, for burial, on Friday. Mr. Ripley is survived by a wife and son who live in Vernon, and by a daughter in Claremont, N. H. He also leaves five brothers and four sisters.


Article from Vermont Phœnix, July 30, 1897

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Article Text

CHARLESTOWN, N. H. F. C. Faulkner, receiver of the Connecticut River Savings bank, expects to pay another 10 per cent dividend very soon, and it is thought that the depositors will realize a total of 75 per cent. The meeting of the railroad commissioners to pass upon the petition for a charter in Sullivan county of the springfield-Charlestown electric railway was very brief and harmonious, there be ing no objection to the petition. The commis. sioners will immediately report to the courts, and the desired charter will in all probability be grant. ed next month or even earlier. It is expected that passenger cars will be run some time next week.