13781. Cocheco Savings Bank (Dover, NH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
June 5, 1899
Location
Dover, New Hampshire (43.198, -70.874)

Metadata

Model
gpt-5-mini
Short Digest
03385d6d

Response Measures

None

Description

The Cocheco Savings Bank was enjoined from paying or receiving money (suspended) on or about June 5, 1899 after a treasurer's defalcation. The Cocheco National Bank in the same city also closed and a receiver was appointed. The savings bank was turned over to an assignee and wound up with dividends announced later — consistent with a suspension followed by permanent closure/receivership. No evidence of a depositor run is described; closures resulted from discovered shortages/embezzlement by treasurer Harry Hough.

Events (4)

1. June 5, 1899 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Treasurer Harry Hough charged with defalcation/shortage (~$3,500) and fled; state bank commissioners applied for warrant and the savings bank was enjoined from payments.
Newspaper Excerpt
The Cocheco Savings Bank was enjoined from paying out or receiving money, and a warrant was issued for the arrest of its treasurer, Harry Hough, who is charged with a shortage of $3500.
Source
newspapers
2. June 7, 1899 Other
Newspaper Excerpt
William F. Nason, formerly county solicitor and ex-mayor of Dover, today was appointed assignee of the Cocheco Savings Bank, by Judge R. G. Pike and the affairs of the institution were turned over to him by the bank commissioners to be wound up as soon as possible.
Source
newspapers
3. August 9, 1899 Receivership
Newspaper Excerpt
Receiver E. H. Carroll of the Cocheco National Bank ... is settling up the affairs of the institution rapidly; it is expected that announcement of a ... per cent dividend payable to depositors will be made in a few days. William F. Nason, assignee of the Cocheco Savings Bank will pay a dividend of 20 per cent. to depositors of that institution on September 19.
Source
newspapers
4. December 21, 1899 Receivership
Newspaper Excerpt
The depositors in the defunct Cocheco National Bank are to be paid in full ... an order from Washington directs Receiver E.H. Carroll to pay a dividend of 25 per cent. ... The affairs of the Cocheco Savings bank ... are still in an unsettled condition, but the assignee is making satisfactory progress.
Source
newspapers

Newspaper Articles (16)

Article from Daily Kennebec Journal, June 6, 1899

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BANKS CLOSED. Two More Dover, N. H., Banks Are in Trouble. Treasurer Hough of Cocheco Savings Bank Short About $3500. Cocheco National Bank Also Involved and Both Institutions Are Closed. Dover, N. H., June 5.-The financial community in this section of the state received another shock, today, through the closing of the doors of two of the best known banks in this city. The Cocheco Savings Bank was enjoined from paying out or receiving monel, and a warrant was issued for the arrest of its treasurer, Harry Hough, who is charged with a shortage of $3500. The doors of the Cocheco National Bank were also closed and National Bank Examiner Carrol is temporarily in charge. While Hough was not an official of the National Bank, he acted as assistant cashier, did all the bookkeeping of the institution, and had free access to the documents. It is believed that Treasurer Hough left the city for Boston, on an early train, yesterday morning, but up to a late hour tonight, the officials of Strafford county have been unable to locate him. While the warrant was sworn out for Hough on the charge of a shortage of f - the Sevinrs Bank


Article from The Portland Daily Press, June 6, 1899

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Warrant for Treasurer's Arrest Issued. That Official Has Disappeared. Charged With Defalcation of Small Amount. Dover, N. H., June 5.-The financial community in this section of the state ceived another shock today, through the closing of the doors of two of the best known banks in this city. The Cocheco Savings bank was enjoined from paying out or receiving money, and a warrant was issued for the arrest of its treasurer, Harry Hough who is charged with shortage of $3500, The doors of the Cocheco National bank were also closed, and National Bank Examiner Carroll is temporarily in charge. While Hough was not an official of the national bank, he acted as assistant cashier, did all the bookkeep ing of the institution and had free access to the documents. It is believed that Treasurer Hough left the city for Boston on an early train yesterday morning, but up to a late hour'tonight, the officials of Strafford county have been unable locate him. While the warrant was sworn out for Hough on the charge of a shortage of $3500 of the funds of the say. ings bank, that amount was drawn from the Strafford Savings bank this morning by Treasurer Hough's wife and paid to Trustee Nason who turned it over to the Cocheco Savings bank to settle the short age. This will not deter the county offic ials as well as the officials of both banks from securing the arrest of Hough, as he is charged with a shortage of the tioal bank funds. The closing of the tanks caused considerable excitement in the city but the depositors recognized the fact that they could d nothing until the books are e. amined and action is taken by the courts. it was learned today when notices were posted on the bank doors that State Bank Commissioners Hatch, Parker and Cummings were in this city last Saturday and made an examination of the books of the'saving bank. They learned that the accounts were not straight and after holding a brief conference. Cummings applied for a warrant for the arrest of Treasurer Hough. A shortage of $3500 was found. National Bank Examiner Carroll says he is unable to say what the shortage of the national bank will be until after a full examination has been made. Everything that has so far come to light places it at about $7,000. Mr. Carroll made the discovery over a week ago that there was something irregular in the accounts, and he has been working on the case since that time. Last Saturday he discovered shortage of $8,500 in the savings bank and $18,000 in the national bank accounts. Hough was confronted with the situation and paid back $9,000. He further agreed to pay the maining $4,000 of the national bank Mon day morning This promise is the reason why he was not placed under arrest at that time. The treasurer's father, Ralph Hough, who is one of the directors of the national bank. says his son went to Bos ton for the purpose of raising money from brokers to pay the shortage, and he expeoted him to return today. The directors claim they knew nothing of the shortage until Saturday night, when they were formed by the examiners. Cashier Harrison Haley of the national bank said tonight that Hough had full access to the books of the institution all times, as he acted as assistant cashier, yet he was not an official of the bank Mr. Haley says be knew Hough had been speculating and was also aware of the fact that thera were worthless checks in the bank with no collateral behind them. He called Hough's attention to the matter a few days ago, and he said he would make It all right, as his relatives would assist him. Hough's friends believe that he will return. The suspension of the two banks leaves this city with no financial institution except the Strafford National bank and Strafford Savings bank, the Dover National bank and Dover Savings bank having collapsed several years ago,following the discovery of a heavy shortage in the accounts of Cashier Isaac Abbott, who afterwards committed suicide The capital of the Cocheco National bank is $150,000 James E. Lothrop is president and the directors are as fol ows: A. P. Pinkham, Amos W. Downing of Haverhill, Ralph Hough, Timothy Snell and J. E. Lothrop. It was late Saturday night when Bank Commissioner Cummings received an or. der from Judge Pike of the Supreme court enjoining the savings bank from paying or receiving any money, pending an examination. The trustees of the Cooheco Savings bank are: Captain M. S. Hanscomb Eben C. Burley, John H. Henderson, B. F. Tenuant, William F. Nason and A T. Pinkham It is alleged that Hough's irreguarities were di iscovered through the sale of propof erty and the failure to make return the money received. The Cocheco Savings bank held a mortgage on the German estate in this city, and proceeded to foreclose, the purchaser paying Hough $8500 in a check on the Strafford Savings bank which. it is claimed was not turned over to the Cooheco Savings bank. This $8500 was the amount made good by Mrs. Hough this morinng. It was disco vered last Saturday that the payment for the property had not been made through the proper channel It is claimed that Hough's method was to take money from the bank and put in worthless checks and notes, with no collateral to make them of value to the bank. Mr. Hough is highly respected


Article from The Wilmington Daily Republican, June 6, 1899

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Banks Closed, Treasurer Accused. Dover, N. H., June 6.-The Cocheco Savings bank, of this city, was enjoined yesterday from paying out or receiving money, and a warrant was issued for the arrest of Harry Hough, the treasurer, who is charged with a shortage of $3,500. The Cocheco National bank also closed its doors. Hough, besides being treasurer of the savings institution, was paying teller of the national bank. The treasurer could not be found here, and it was learned after investigation that he left Dover on Sunday. His friends believe that he will return. The suspension of the two banks leaves this city with no financial institution except the Strafford National and the Strafford Savings banks.


Article from The Evening Herald, June 6, 1899

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Banks Closed. Treasurer Accused. Dover, N. H., June 6.-The Cocheco Savings bank, of this city, was enjoined yesterday from paying out or receiving money, and a warrant was issued for the arrest of Harry Hough, the treasurer, who is charged with a shortage of $3,500. The Cocheco National bank also closed its doors. Hough, besides being treasurer of the savings institution, was paying teller of the national bank. The treasurer could not be found here, and it was learned after investigation that he left Dover on Sunday. His friends believe that he will return. The suspension of the two banks leaves this city with no financial institution except the Strafford National and the Strafford Savings banks.


Article from The Providence News, June 6, 1899

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The suspension of the two banks leaves this city with no financial institution except the Strafford National Bank and Strafford Savings Bank the Dover National Bank and Dover Savings Bank having collapsed several years ago, following the discovery of a heavy shortage in the accounts of Cashier Isaac Abbott, who afterward committed suicide. The capital of the Cocheco National Bank is $150,000. James E. Lothrop is president, and the directors are as follows: A. P. Pinkham, Amos W. Downing, of Haverhilf; Ralph Hough, Timothy Snell and J. E. Lothrop. It was late last Saturday night when Bank Commissioner Cummings received an order from Judge Pike, of the Supreme Court, enjoining the savings bank from paying or receiving any money, pending an examniation. The trustees of the Cocheco Savings Bank are Capt. M. S. Hanscom, Eben C. Burley, John H. Henderson, B. F. Tennant, Wm. F. Nason and A. T. Pinkham. A thorough examination will be made of both banking institutions, and until that time it will be difficult to ascertain their condition, so far as shortages are concerned.


Article from Rock Island Argus, June 7, 1899

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ABBREVIATED TELEGRAMS. Eduardo Romana has been elected president of Peru. Among the candidates for admission to West Point rejected was Elam J. Raymond, of Wisconsin. Frederick O. Prince, a well-known banker and former mayor of Boston, died there, aged 84 years. Two Huron county (Mich.) children picked and sold over 600 quarts of wintergreen berries this year. Dr. W. E. Moore, one of the oldest and best-known Presbyterian divines in the country, died at Columbus, O. The arbitration committee of the peace congress at The Hague has adopted the principal of arbitration and mediation between nations. Gus Johnson's clothing got caught in a belt in Griffin & Co.'s machine shop at Chicago and he was whirled about a shaft until he had been fatally hurt. Sherman M. Reese, assistant superintendent of the Ducktown Sulphur and Copper works, was assassinated by unknown parties near Chattanooga, Tenn. Fire originating in the motor-box of a south side elevated train at Chicago set fire to a crowded car. The hundred passengers filed out without excitement. Harry Hough, treasurer of the Cocheco Savings bank, of Dover, N. H., has been arrested and the bank closed. a shortage of $3,500 being charged against him. The First Bank of Skaguay has closed its doors and J. G. Price has been appointed receiver. The liabilities of the bank are estimated at $16,000; assets, $18,000. Librarian Hild, of the Chicago public library, has discovered that 100 pages have been cut from volume 15 of Sir Richard Burton's literal translation of "The Arabian Nights' Entertainment." What was probably the largest white oak tree in Michigan was cut recently on the Daniel Minnook farm north of Holly. It was 6 feet in diameter at the stump and 8 legs each 10 feet long were cut from it. A scaffolding fell at Kewaunee, Wis., precipitating three men to the ground. John Graff suffered the breaking of a rib and injury to his back; Jacob Zinsmeister suffered fracture of collarbone, and August Steinherst's nose was broken.


Article from The Somerset Reporter, June 8, 1899

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New Hampshire has more bank wreckers and bank looters to the square mile than any other State in the Union. There have been enough developments in this line to allow a good long rest now. The latest in this line is in Dover in that State and the Cocheco Savings Bank is the victim, and Harry Hough, the treasurer, is the looter. The amount does not appear to be known yet. The Cocheco National Bank of Dover is also involved in the shortage and it is supposed that both banks may go into the hands of the receiver and be closed. The treasurer above named is missing.


Article from The Worcester Spy, June 8, 1899

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ASSIGNEE APPOINTED. Atfairs of Cocheco Banks Will Be Speedily Wound Up. Dover, N. H., June 7.-Receiver Carroll of the Cocheco National Bank and other officials continued their examination of the pass and record books today and the investigation in the savings bank also was resumed. Until the work is completed no definite statement of the shortage left by Treasurer Harry Hough can be made. William F. Nason, formerly county solicitor and ex-mayor of Dover, today was appointed assignee of the Cocheco Savings Bank, by Judge R. G. Pike and the affairs of the institution were turned over to him by the bank commissioners to be wound up as soon as possible.


Article from Burlington Weekly Free Press, June 8, 1899

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world in coal production-General Collazo says $50,000,000 needed for the re cuperation of Cuba-Stock of gold money in the country on June 1 almost touched the billion mark-Fire in Buf falo causes loss of $100,000-Outcome of the Fitzsimmons-Jeffries battle Fri. day night agitating followers of the Astic game-- H. Savage of Boston public library dies after a brief Illness-Con gressman Henderson said to be assured of more than enough votes to elect him speaker-Mysterious midnight confer ence held at the White House- Hand some painting unvelled in a Fitchburg Mass., church-Body of Charles Lebee of Lewiston. Me., found in the Andros coggin river-Indictments expected to be granted against the Clark kidnap pers-Defender placed in commission -Railroad ticket office at East Weymouth, Mass. robbed of $70 WEDNESDAY. JUNE 6. Harry Hough, treasurer of Cochece Savings bank and bookkeeper for Co. checo National bank of Dover, N. H short in his accounts. and has disap peared: doors of both institutions closed -Sameans of both factions disarming -Six persons poisoned at a Bostor party: had eaten cucumbers and cream -Several prostrations from heat re ported in various section-Fierce forest fires raging in Plymouth county Mass-Amhers college calls Dr. Har ris of Andover to the presidency nappers of Marion Clark indicted a New York-Rioting at Belfast Ire-Ancient and Honorable Artillery com pany of Boston celebrates its 261st anni versary-Great efforts being made it Boston to prevent the spread of in fectious diseases by the distribution o milk-Henry L. Higginson asks music loving citizens of Boston to subscribe about $140,000 toward the new Music hal -Communication from Secretary Alge informs the Cambridge bridge commis sion that neither one of its plans for bridge to Cambridge, Mass. is approved by the government--Large expansion i of southern textile industries noted the south-Attorney general of Ohio about to begin suits against industria combines-Plan to consolidate th leading street car works of the countr has fallen through-Strike for highe wages at Branford. Conn., Malleable iro works may cause a temporary shutdow -State railroad commission's decision not to allow street railway company t run cars over a bridge in Middlebor Mass. ties up the line between there an Bridgewater-Strike at the Rockport Mass. granite quarries ends throug the agreement of the company to gran request of the employes for nine-hou day and extra pay for overtime-Tow of Morong captured by Washington regi ment but insurgents escaped-Con gressman Burton declares governmen should not own Nicaragua canal-Ad miral Kautz was to have left Apla Ma 21 and should now be at HonoluluCanada by England's request disailow the anti-Lapanese law passed by Britis Columbia-Great uproar in Frenc chamber of deputies: royalists denounc President Loubet and soldiers oust on of them-President Loubet declares h will not be driven from office. WEDNESDAY JUNE7 Mrs. Charles Robart of Somerville Mass. while mentally deranged. drowne her girl baby and attempted suicide b inhaling ether-Defender damage while on a sailing trial: club topsail fe and pole tore mainsail and went throug deck-Bishep Hurst and wife said t have separated-Mrs Goelet gets $200 000 yearly by her husband's willDeath of ex-Mayor Frederick O. Princ of Boston-Francis Parkman, the his torian, left an estate that is now wort $300,000-At the convention of the New church at Boston, Rev. Albert Bjode sustained in his work in Sweden: n heresy in his bellef-Presence of Rev Mary Baker Eddy at the annual meetin of Christian Scientists at Boston th crowning feature of their communio week-Franklin. N. H., damaged by heavy thander storm—Another ad vance in pricesreportedinlinesof finishe metals-Death of William J. Torrey. pioneer of the Cape Ann granite industr Irish-Americons may subscribe to fund to buy the lakes of KillanneyMazet board reconvenes: Price's attor ney. Henderson, is refused admittano -Movement reported looking to th amalgamation of the outside shoe ma chinery concerns to oppose the trustTwo Boston manufacturers of car wheel are included in the recently organize International Car Wheel companyE. H. Carroll appointed temporary ra ceiver of the Cocheco National bank Dover. N. H.: no news of Treasure Hough, who caused the bank's failu -Governor of New York issues requis tion for return of "Carrie Jones Ne York District Attorney Gardner threa ens Rockland county officials with cor tempt of court-General Gomez iseue farewell manlfesto-Admiral Dewe sails from Hong Kong for SingaporeSenator Allison thinks the next congres will pass a financial measure but doe not anticipate anything radical-Ne York Republican congressional dele gation meets: Sherman withdraws an delegation votes to support Henderso -Lesson of the Morong exepdition 1 Luzon as to the impossibility of trappin the natives: great endurance of Amer cans shown by their marching 36 hour without rations- Death of Sir Henr Binns. premier of Natal-The first ban established in Alaska fails for $16.00 with doubtful assets-The Kruger Milner conference at Bloemfontein end but no result is publiched as yetPeace assured at Apla as Malietoa an Mataafa have disarmed and the latte


Article from Twice-A-Week Plain Dealer, June 13, 1899

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FACTS BRIEFLY STATED. Admiral Dewey's flagship Olympia sailed Tuesday from Hong-Kong for Singapore returning to the United States. Col. R. F. Maddox, head of the banking house of Maddox, Rucker & Co., died at his home in Atlanta, Ga., of paralysis. The Reformed Presbyterian nationa synod decided to meet May 30 next at Ce t darville, O., for their annual conference. Frederick O. Prince, a well-known bank er and former mayor of Boston, died Tues day, aged 84 years. Death was due to lung trouble. The five-ton schooner Coke has saile from San Francisco for Manila. Capt Freitch, the sole occupant of the little ves sel, expects to reach the Philippines in 6 days. The tracks of the White Pass railway will be completed to Lake Bennett by July 1. The schedule time from Puget Sound ports to Dawson will then be about eight days. The exposition of natural and manufac tured products of the south will take place at the Grand Central palace in New York commencing October 25 and ending December 1, 1899. For three days the mercury has regis tered in the nineties in Pittsburgh, Pa Many of the mills have been forced to shut down temporarily, and a large number of prostrations have occurred. H. H. Byrd, of Tallapoosa, Ga., secretary of a colony now being formed in that lo cality for settlement in California, write that the organization is growing fast, and that it will probably comprise some 50 members. Mr. Robert Wallace, liberal, member of the British parliament for East Edinburgh who, while speaking during the debate Monday on the grant to Gen. Kitchener, of Khartoum, was seized with cerebral paraly sis, is dead. The seventh annual convention of the Illinois Printing Crafts union convened in Ottawa, Ill., Tuesday, for a three days' ses sion, representatives from Chicago, Elgin Aurora, Peoria, Springfield, Danville and Ottawa are present. Harry Hough, treasurer of the Cocheco savings bank, of Dover, N. H., has been arrested and the bank closed, a shortage of $3,500 being charged against him. The Cocheco national bank, of which Hough was teller, has also suspended. The fifth annual convention of the Na tional Association of Credit Men opened a Buffalo, N. Y., and will continue for three days. The question of petitioning congress to amend the bankruptcy act will be the most important subject considered. The fifteenth annual meeting of the Amer ican Medical association opened in Colum bus, O., Tuesday. Doctors from all parts of the United States are present, and it is expected that the total attendance will reach in the neighborhood of 2,500 persons The grand lodge of odd fellows for the state of Wisconsin convened in annual ses sion in Oshkosh Tuesday with 600 members present. The state encampment Daughters of Rebekah is also in session, with an at tendance of 30. The sessions last three days. A cyclone struck the southwest part o the town of Ryan, I. T., and totally wrecked two houses. The Davidson hote was partially destroyed. No lives were lost, but a cyclone cellar staved the Shel ton family, whose house was torn to shreds. By direction of the president, the acting secretary of war has issued an order for the reestablishment of the military de partment of Texas and the assignment o Col. Chambers McKibben, of the Twenty first infantry, to command of the depart ment. The cabinet Tuesday transacted no busi


Article from The Wellington Enterprise, June 14, 1899

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General News Summary. Interesting Home and Foreign News. DOMESTIC. There were four deaths and an unusually large number of prostrations directly due to the heat in Philadelphia on the 8th. Two deaths from heat and many prostrations are reported as the effect of the terrific heat in Pittsburg on the 6th. A mixed train on the Missouri Pacific was derailed near Goffs, Kan., on the 7th. Nineteen passengers were severely injured. At Dover, N. H., Judge Pike has appointed an assignee for the Cocheco savings bank, of that city, which recently suspended payment. Seven deaths from heat were reported in New York City during the 24 hours ending at noon on the 7th. The American Steel and Wire Co. has advanced all wire products 25 cents per hundred pounds. This will make wire nails $2.45 per keg and wire $2.40 per 100 pounds. This is within ten cents per hundred of the highest prices asked during the life of the nail pool in 1895-1896. A party of 16 educators from Japanese universities and schools have arrived at San Francisco. They will visit educational institutions in the United States and Canada and are expected to attend the national education convention at Los Angeles, Cal. Nineteen people died from heat at New York City on the 8th. The rumors to the effect that the SOcalled "banana trust" is soon to have a rival are founded on fact. Negotiations looking to the formation of the new combination have been under way for a few weeks only, but it is likely that in a few days this new combination will be launched and ready to do business. Richard Daverkosen, who is now serving a term in the county jail at San Francisco for stealing 30 cents from the poor box of St. Joseph's Catholic church, will find 300,000 gulden or about $75,000 in American money to his credit in the National Holland bank when he is released two weeks hence. He took the 30 cents because he was on the verge of starvation and was too proud to beg. The war department has prepared a statement showing the number of enlistments in the regular army since the Spanish war began. At that time the army consisted of 25,000 men. The enlistments since that time have been about 75,000 men. This would make an army of 100,000, but there were a large number of enlistments made for service in the war with Spain alone, and these men have since been discharged. Export provision rates from Chicago were cut 2½ cents on the 8th. The Michigan Central made the reduction via New York and Boston to meet a similar cut by the Chicago & Grand Trunk via Montreal. A state celebration is being arranged for the welcoming of Admiral Dewey to his old home in Montpelier. Vt., although the exact form which it will take has not as yet been decided upon. The president has approved an amendment to the civil service rules, excepting from examination one assistant postmaster or chief assistant to the postmaster at each post office. This position had been excepted prior to the issue of the president's recent order, and was overlooked in the drafting of the order. A receiver has been appointed for Howard Lockwood & Co., publishers, of New York City, on application of the I stockholders for a voluntary dissolution of the company. The company a was incorporated in 1896 with a capital e stock of $100,000. The liabilities are $75,458 and assets $49.156. Fire in Loeser & Co.'s department store, in Brooklyn, N. Y., on the 7th, caused a panic among the thousands of buyers and employes in the place. All escaped in safety, though a number of women fainted, and had to fire be carried out by policemen. The in was speedily extinguished. o There is no warrant for the stateH ment that Gen. Otis had been authorn lized to enlist as many natives as he 00 chose and had cabled the war department declining to take advantage of the offer. Gen. Otis was authorized b to enlist some native Filipinos as scouts and guides and has enlisted 200. g His authorization did not contemplate the enlistment of bodies of native troops for service. g Directors of the Diamond Match Co. et are figuring on leasing the water powst er capable of development in the drainin age channel at Lockport and Joliet, h III. If satisfactory terms can be tl made the company will erect immense a water power plants at both of these points and apply the force thus acquired in the manufacture of its entire output of matches. The plan E contemplates the removal of the combe pany's numerous plants now located be in various parts of the country to the et Chicago drainage canal, where new le works will be erected at a cost of $1.000.000. T A number of non-union glassblowers p who were brought to work for the te Cumberland Glass Co. at Bridgeton, N. 18 J., have been induced to leave that as town, their return fare being paid by tl the union men. The strangers were given a rough reception and at first St made a show of resistance, but final00 ly concluded that it was best to leave. Within two weeks Chicago will have th hotel conducted by women and exbe elusively for women. A ten-year lease in has been taken on the 100-room hotel building in Michigan avenue known as al the Richelieu annex. and workmen have been putting it in condition for


Article from Cameron County Press, June 15, 1899

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TWO BANKS CLOSE. Man Who was an Official in Both Institutions is Missing and a Shortage in His Accounts is Reported. Dover, N. H., June 6.-The Cocheco savings bank, of this city, was enjoined yesterday from paying out or receiving money and a warrant was issued for the arrest of Harry Hough, the treasurer, who is charged with a shortage of $3,500. The Cocheco national bank also closed its doors, and National Bank Examiner Carroll is expected to take charge of the national bank at once. Hough, besides being treasurer of the savings institution, was paying teller of the national bank. The closing of the banks caused considerable excitement in the city and the depositors learned after the notices were posted that State Bank Commissioners Hatch, Baker and Cummings made an examination of the books of the savings bank last Saturday and, finding that the accounts were not straight, applied for the warrant for the arrest of Treasurer Hough. The treasurer could not be found here yesterday. The suspension of the two banks leaves this city with no financial institution except the Strafford national and the Strafford savings banks, the Dover national bank and the Dover savings bank having collapsed several years ago, following the discovery of a heavy shortage in the accounts of Cashier Isaac Abbott, who afterwards committed suicide. The capital of the Cocheco national bank is $150,000.


Article from The Sun, June 21, 1899

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Cashier Hough Wants to Make Restitution. DOVER, N.H., June 20.-Harry Hough. the former cashier of the Cocheco Savings Bank. wishes to make restitution. He says that all the money he took from the bank vaults on June 3. the day before he left. will be returned. He has brought all but about $200 of it back and will hand it over to a receiver. He had $3,000 in gold and $2,500 in bills when he left the bank on Saturday. His travels cost him only about $200.


Article from The Providence News, August 9, 1899

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DOVER'S WRECKED BANKS. Receivers and Assignees Will Soon Pay Dividends to the Depositors. Dover, N. H., Aug. 9.-Receiver E. H. Carroll of the Cocheco National Bark of this city which failed on June 5. is settling up the affairs of the institution rapidly as possible. It is expected that announcement of a G per cent, div idend payable to depositors will be made in a few days, William F. Nason, assignee of the Cocheco Savings Bank will pay a dividend of 20 per cent. to depositors of that institution on September 19. A dividend has also been announced by the assignee of the defunct Dover Five Cent Savings bank of this city, which was wrecked at the time of the failing of the Doyer National bank.


Article from Daily Kennebec Journal, August 10, 1899

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CONDENSED DISPATCHES. The 2d Brigade, Massachusetts Volunteers, broke camp at South Framingham, Mass., Wednesday, after a week's tour of duty, which the officers declare to have been one of the most satisfactory ever held by the brigade. One or two unpleasant features have developed, due, Gen. Bancroft claims, to a lack of military spirit on the part of a few soldiers, but taken as a whole, the brigade commander told the men that they had made a creditable showing. Adolphus, alias Echo Brown, colored, was shot and killed at Amite City, Ala., Tuesday night, and Edgar and Edward Barr severely flogged by a gang of armed men. Ten of the mob, armed with shot guns and pistols, entered a house and found the colored men andthrowing sacks over their heads, dragged them out. As soon as they got into the road Echo made a break for liberty, but had gone but a little way when he was fatally shot. The colored men were charged with numerous crimes. The steamer Empress of China brings to Victoria, B. C., meagre details of the wreck of the steamer Munobaki-Maru on Barren Islands, July 21. Just before the Empress of China left Yokohama, one boat load containing nine survivors reached Yokohama. Another boat with 20 persons was reported safe. A third boat with 13 of the crew was picked up by the steamer Kiukat. Another boat containing the second officer and seven men was towed into Moje by a coaster of the Blue Funnel Line, July 24. Two boat loads were lost. It is not known how many were in the two missing boats. Receiver E. H. Carroll of the Cocheco National Bank of Dover, N. H., which failed, June 5, is settling up the affairs of the institution as rapidly as possible. It is expected that an announcement of a 50 per cent. dividend payable to depositors will be made in a few days from Washington. Wm. F. Mason, assignee of the Cocheco Savings Bank, will pay a dividend of 20 per cent. to depositors of that institution, Sept. 1. A dividend has also been announced by the assignee of the defunct Dover Five Cent Savings Bank, which was wrecked at the time of the failing of the Dover National Bank Nathan Kronman was arraigned at New York, Wednesday, for the murder of his wife Annie, in their home, Monday last. He was again remanded. The evidence on which Kronman was held included a statement by Henry B. Hicks, a colored man, that had seen Kronman, between the hours of 1 and 2.30 o'clock, Monday afternoon, standing in the doorway of the Kronman home. Kronman's hands, cuffs, shirt front and coat, accord. ing to Hicks, were bloodstained. Mrs. Kronman was afterwards found in her apartments on an upper floor of tha: house, with her head gashed. She died in Roosevelt hospital, the next morning.


Article from The Providence News, December 21, 1899

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PAYMENT IN FULL Depositors in the Cocheco National Bank Will Soon Receive Final Dividend of 25 par Cent. Dover, N. H., Dec. 21.-The depositors in the defunct Cocheco National Bank are to be paid in full without the necessity of the receiver having to assess the stockholders. An order from Washington directs Receiver E.H.Carroll to pay a dividend of 25 per cent. as soon as possible. The payment of this dividend will bring the total disbursed by the receiver since the bank's failure last summer to 100 per cent. The settlement is one of the most rapid known in the history of embarrassed banks in this state, as it generally takes from three to six years to bring about the liquidation of a crippled institution. The settlement of the bank's affairs took about six months. The affairs of the Cocheco Savings bank which was closed at the time of the failure of the National Bank are still in an unsettled condition, but the assignee is making satisfactory progress and it is thought the loss to depositors when the concern is wound up, will be insignificant. Bank Examiner Carroll also has had charge of the affairs of the Colebrook National Bank of Colebrook which was closed a year ago. In a short time he was able to collect $112,000 of the bank's funds and pay up the entire amount due the depositors. The Colebrook National Bank and the Colebrook Savings Bank, which also was temporarily embarrassed, were re-opened and are in good condition