13784. Epping Savings Bank (Epping, NH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
December 13, 1899
Location
Epping, New Hampshire (43.033, -71.074)

Metadata

Model
gpt-5-mini
Short Digest
3bf1306b

Response Measures

None

Description

The Epping Savings Bank closed its doors and a receiver (Charles Knight of Exeter) was appointed (articles dated Dec 13–14, 1899). Coverage cites heavy falling off in deposits and withdrawals exceeding deposits; closure was at trustees' request. No explicit description of a depositor run (people gathering or a panic) is given, so I classify this as a suspension that resulted in permanent closure/receivership.

Events (2)

1. December 13, 1899 Receivership
Newspaper Excerpt
Charles Knight of Exeter was yesterday appointed receiver of the institution.
Source
newspapers
2. December 13, 1899 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Heavy falling off in deposits and generally unsatisfactory business outlook; withdrawals far in excess of deposits; closed at trustees' request.
Newspaper Excerpt
The Epping Savings bank closed this morning. The Receiver, Chas. Knights of Exter, was appointed yesterday. A heavy falling in deposits, and unsatisfactory business outlook is the cause.
Source
newspapers

Newspaper Articles (7)

Article from Barre Evening Telegram, December 13, 1899

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Article Text

BANK CLOSES. Epping Bank Will Probably Square Accounts in Time. Epping, N. H., Dec. 13.--The Epping savings bank closed this morning. The Receiver, Chas. Knights of Exter, was appointed yesterday. A heavy falling in deposits, and unsatisfactory business outlook is the cause. In time the bank will probably pay in full. Concord, N. H., Dec. 13.-The last statement of the Epping bank shows liabilities about $50,000; assets same. Closed at request of bank's trustees.


Article from The Portland Daily Press, December 14, 1899

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Article Text

EPPING BANK FAILS. Manchester, N. H., December 13.-A special to the Union from Epping says that the Epping Savings bank failed to open its doors for business today. Upon application to the Supreme court,"Charles Knight of Exeter was yesterdav appointed receiver of the institution.


Article from The Sun, December 14, 1899

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Article Text

New Hampshire Savings Bank Fails. EPPING. N. H., Dec. 13.-The Epping Savings Bank failed to open its doors for business today. Upon application to the Supreme Court. Charles Knight of Exeter was vesterday appointed receiver of the institution. The failure is supposed to be due to a heavy falling off in deposits and a generally unsatisfactory business outlook.


Article from The Vermont Watchman, December 20, 1899

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Article Text

DOMESTIC NEWS. WASHINGTON, Dec. 12 - At the meeting of the execu ive committee of the National Republican League held here today it was decided to hold the nex Republican League convention at St. Paul, Minn., July 19, 1900. There was a special contest for the convention between Galveston, Indianapolis, Sioux Falls and St. Paul but the latter place won by a vote of 25 to 20 for all others. Vermont and other New Eng. land states voted for St. Paul. Vermont was represented at the meeting today by Gen. J. J. Estey of Brattleboro and Col. C. S. Forbes of S. Albaus. Vermont will be entitled to fourteen delegates in the Na ional League C nvention. NEW HAVEN, Dec. 13 -An attempt was made at 1:30 this morning, by four men, to rob the Savings Bank at Deep River, Conn., but they were discovered by Henry Tyler, employed in the bank as watchman, who found the gang working at the windows of the bank. He called to the gang to surrender, but instead they took to their heels and ran down a side street. Tyler opened fire, killing one, blowing the top of his head off. The other three escaped. The dead man was about thirty-five, wore a Derby hat and was well dressed. EPPING, N. H., Dec. 13 -The Epping Savings bank has closed its doors and is now in the hands of a receiver. It is not thought there is any reason for this action other than the lack of de posits, and all business pertaining thereto, making it impossible for its continuation at this time. It is thought that dollar for dollar will be paid on all deposits. WASHINGTON, Dec. 13-Geo. Leonard Wood has been appointed military governor of Cuba to relieve Gen. Brooks.


Article from Bellows Falls Times, December 21, 1899

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Article Text

IN NEW HAMPSHIRE. W. S. P. Sanderson has been appointed postmaster at Gilmanton. The extremely low water at Lake Sunapee has worked disaster to the state fish hatchery plant there. The property known as the J. C. Moore farm, situated on the White Oaks, between Lakeport and The Weirs, has been bought by R G. King of New York city for a summer residence. The consideration is stated to be $6,000. The Epping Savings bank has closed its doors at d a receiver has bee n appointed in the person of Charles Knight of Exeter. The last statement of the bank showed liabilities of about $50,000 and assets the same. It was closed at the request of the bank's trustees. Never in the history of the railroads was there so much business transacted at the Exeter Boston & Maine freight house in one month as during November. The receipts amounted to $2000 more than during the corresponding month of last year. Rev. A. C. Fay, pastor of the Congregational church in Nelson, and well known throughout Cheshire coun'y on account of his activity in the Sunday school work, has just received a unan mous call to the church in Gilsum, which he has now under consideration. The eighth annual report of the secretary of state. containing an abstract of the annual returns of corporations, is issued by the public printer under date of December 1, 1899. It contains reports of the conditions of 246 corporations organized under the laws of this state. The annual meeting of the Woodsum Steamboat company, which operates steamers on Lake Sunapee, was held this week at Concord, and a dividend of four per cent voted to stockholders. Directors chosen were: Hosea W. Parker, John Canty, Claremont; John F. Jones, A. Perley Fitch, Concord; D. R. and F. M. Woodsum, H. J. Wiggin, Sunapee. Hastings, a little village seated amid the White mountains on the boundary betw en Maine and New Hampshire, is the most unique town in the United States, if not in the world. It contains over 300 inhabitants at all times of the year, and in the winter months, when the lumber camps are full, the population is doubled. It has two large manufacturing establishments, business houses, fine re-dences,a postoffice, telephone and telegraph offices, an electric lighting plant, a railroad, a school and churches In fact, it has every convenience that a town can possibly have, yet it is not a town or city or plantation, or even an incorporated place, and the visit of the tax collector is an unknown thing. At a meeting of the governor and council the following were nominated: John E. Allen of Keene, to be judge of probate for Cheshire county to succeed John T. Abbott, resigned and Christopher H. Wells to be police justice of Somersworth, vice William D. Knapp, deceased. James B. Crowley was appointed police commissioner o, the city of Nashua, vice Charles H. Burke, term expired. Judge Allen is the y ungest son of the late Judge W. H. H A len of the supreme court. He is a native of Claremont and a graduate of Dartmouth in the class of 1894 and has practiced law in Keene for the past two years. A petition for his appointment was signed by


Article from Burlington Weekly Free Press, December 21, 1899

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Article Text

# THE WEEK'S NEWS. THURSDAY, DEC. 14. General Methuen retires to the Modder, "Where I am in security;" fearful loss of the Highland brigade in a few minutes; 320 wounded, 27 officers, at Orange river; General Wauchope of the Black Watch killed; an eighth division to be mobilized Mrs. Lottie Cohen found in her home at Boston with her throat cut from ear to ear; believed to have been murdered-President McKinley will name Mrs. Potter Palmer on the Paris exposition commission; the only woman member-Rev. Robert Codman, Jr., of Boston elected Episcopal bishop of Maine Boston aldermen grant permission to use automobiles in common carrier service Carl C. Parcher, a Saco, Me., bank clerk, arrested on a charge of stealing letters; admits his guilt, but doesn't know why he did it Fight between Amherst sophomores and Springfield, Mass., police, former unsuccessful trying to break up freshman dinner-Davis, the Winthrop, Mass., counterfeiter, given a four-year sentence-Province of Cagayan surrendered to Americans; Mabini, the brains and power of the insurrection, captured-Session of the most worshipful grand lodge of Ancient Free and Accepted Masons of Massachusetts opened at Boston-Montreal suspicious of a Buffalo syndicate's offer for grain shipping facilities there; they think the American railways are back of it Freight wreck near Lyme, Conn., delays traffic several hours Decision announced against Attorney General Monnett of Ohio in his far on trusts--Epping, N. H., Savings bank closed and a receiver appointed; said to be practically solvent Ruling that tide lands in Alaska are not public George A. Hibbard nominated for postmaster of Boston Roberts' Investigation begins by examination of witnesses-Michigan congressmen urge more pay for surfmen on the lakes Canada protests dams in connection with the Chicago drainage canal. FRIDAY, DEC. 15. General French has a brush with the Boers and reports having driven them back; British lost 832 at Magersfontein; Highland brigade alone lost 650-Strong Democrats like Senators Jones of Arkansas, Cockreil and Daniel becoming cold in advocacy of the free coinage of silver-Anti-imperialists in Philadelphia adopt resolutions favoring Independence in Cuba and Philippines Automobile runs amuck at New York, breaking a man's leg and killing a horse-Labori, who defended Dreyfus, will shortly visit America Suc-cessful trial trip of Isaac Stern's steel steam yacht Virginia off the Maine coast Bout at St. Louis ends fatally, the victim being Henry Neise of that city-Three lives lost in a tenement house fire in Brooklyn Fire at Stoneham, Mass., causes loss of $12,000-Debate between Boston university law school and the Harvard wranglers won by the former-United States mint at Philadelphia begins striking off the Lafayette dollars Secretary Gage announces that he will at once pay the interest due on bonds Jan. 1, amounting to $5,057,886-Medical examiner says Lottie Cohen of Boston committed suicide, and her husband has been released by the police-Death of ex-Mayor Titcomb of Newburyport, Mass Mayor Jones of Toledo plans to go to congress-Dedication of Bancroft memorial library at Hopedale, Mass-Four men under bonds for alleged conspiracy with Captain Carter Estimated that the profits of the Carnegie Steel company this year will be about $40,000,000 Coroner's jury decides that no blame can be attached to the company for the raine disaster at Carbonado, Wash-New Haven road buys the People's Tramway company of Killingly, Conn., and will extend it to Plainfield and Norwich-Senate confirms nomination of George A. Hibbard to be postmaster at Boston Wood plans to give the Cubans good government, and anticipates no trouble with the people; mild protests against Brooke's removal. SATURDAY, DEC. 16. General Buller attempts to cross the Tugela river and is beaten back with heavy losses in men, and left 11 guns behind John P. Squire & Co., corporation, Boston, makes a voluntary assignment; liabilities $3,000,000; assets, $5,000,000 Republican national convention to be held in Philadelphia June 19 next The pope in his allocution regrets that the vatican was not invited to send a delegate to the peace conference -Leonard M. Yeaton killed at Franklin, N. H., by Edward C. Wingate-Frank Wyman, first mate of a Boston schooner, becomes stark mad and jumps overboard-Emperor William withdraws a military attache from Paris, as an outcome of the Dreyfus case-Lasters employed at Plant's shoe factory, Boston, go out Boston officers reach Santiago de Chile after Moore, the alleged embezzler House debate warm on gold bill; Wheeler and Berry of Kentucky wash the state's dirty linen: Bailey defends 16 to 1, and Lovering of Massachusetts upholds the gold standard Leaving a note, saying she would commit suicide, Miss Winnie Watson has disappeared from Laconia, N. H Isaac Yaffa held in $5000 on charge of setting fire to a Boston store Sergeant A. W. Corey appointed chief of the Brookline, Mass., police department-Nearly 2500 names taken from the New England pension roll and transferred to other districts Evangelist D. L. Moody more comfortable-Largest Fouthern hosiery manufacturers organize an association at Chattanooga--War between iron ore and steel-making interests improbable, because the Carnegie company controls the situation


Article from Phillipsburg Herald, December 21, 1899

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Article Text

A Savings' Bank Closes Its Doors. Epping, N. H., Dec. 14.-The Epping Savings' bank failed to open its doors yesterday and Charles Knight, of Exeter, who had been appointed receiver, was in charge of the institution. The bank is a small one, the last statement on file shows deposits of $51,747. The bank commissioner states that the bank was closed at the request of the trustees. The institution is practically solvent, but of late the withdrawals have been far in excess of the deposits and it was thought best to close business.