Article Text
NEW HAMPSHIRE Suspended. LACONIA, N. H., November 19.-The Belknap Savings Bank in this place has suspended paying depositors for the present, and is calling in its notes. The bank bad $18,000 OD Spragues paper.
13805. Belknap Savings Bank (Laconia, NH)
Bank Information
- Episode Type
- Suspension → Reopening
- Bank Type
- savings bank
- Start Date
- November 19, 1873
- Location
- Laconia, New Hampshire (43.528, -71.470)
Metadata
- Model
- gpt-5-mini
- Short Digest
10d52e5e
Response Measures
None
Description
Contemporary newspapers (Nov 19, 1873) report the Belknap Savings Bank suspended payment and is calling in notes, citing $18,000 in Sprague's paper. There is no mention of depositor runs or permanent closure; wording for the present implies a temporary suspension and likely reopening, so I classify as suspension_reopening. Cause is bank-specific adverse info (bad/illiquid paper).
Events (1)
1.
November 19, 1873
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank had $18,000 tied up in Sprague's paper and is calling in notes; illiquid or adverse paper prompted suspension.
- Newspaper Excerpt
- The Belknap Savings Bank in this place has suspended paying depositors for the present, and is calling in its notes.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
LACONIA, N. H., November 19 - The Belknap Savings Bank in this place has suspended paying depositors for the present, and is calling in its notes. The bank had $18,000 on Spragues paper.