13810. Lake Village Savings Bank (Lakeport, NH)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
savings bank
Start Date
April 27, 1899
Location
Lakeport, New Hampshire (43.547, -71.463)

Metadata

Model
gpt-5-mini
Short Digest
756e668d

Response Measures

Full suspension

Other: No run described; bank temporarily suspended payments due to steady withdrawals following the earlier failure of the Belknap Savings Bank.

Description

Contemporary reports (Apr 27–May 2, 1899) state the Lake Village Savings Bank has temporarily suspended payment after steady withdrawals. Articles mention withdrawals steady since the failure/suspension of the Belknap Savings Bank of Laconia two years earlier, suggesting pressure from local bank distress. No clear evidence in these articles that the bank permanently closed or reopened, so outcome is unsure.

Events (2)

1. April 27, 1899 Run
Cause
Local Banks
Cause Details
Steady withdrawals driven in part by prior failure/suspension of nearby Belknap Savings Bank of Laconia; depositor withdrawals exhausted liquidity.
Newspaper Excerpt
withdrawals have been steady from that time until suspension of payments again became necessary.
Source
newspapers
2. April 27, 1899 Suspension
Cause
Local Banks
Cause Details
Suspension followed steady withdrawals and prior losses related to the Belknap Savings Bank failure in Laconia; liabilities and assets roughly equal but deposits due large (about $230,000).
Newspaper Excerpt
The Lake Village Savings bank of Lakeport has temporarily suspended payment.
Source
newspapers

Newspaper Articles (4)

Article from The Daily Morning Journal and Courier, April 28, 1899

Click image to open full size in new tab

Article Text

NEW HAMPSHIRE BANK SUSPENDS The Lake Village Savings Institution of Lakeport Manchester, N. H., April 27.-A special to the Union from Laconia says: The Lake Village Savings bank of Lakeport has temporarily suspended payment. Ex-Mayor Charles L. Pulsifer, who holds the position of vice president, secretary and treasurer of the institution, was out of town and no official statement could be obtained to-day. The bank suspended payment for a time when the Belknap Savings bank failed two years ago, but after a while began paying small amounts to its depositors. It is understood that the withdrawals have been steady from that time until suspension of payments again became necessary.


Article from The Worcester Spy, April 28, 1899

Click image to open full size in new tab

Article Text

TELEGRAPHIC BRIEFS. Lewiston, April 27.-Elther Rosseau and Charles Lagasse of this city were drowned while gathering drift wood in the Androscoggin river, today. Providence, April 27.-Peter F. Quinn, an alleged victim of alcoholism, borrowed a knife in a store here, today, and, going to a vacant lot, committed suicide by cutting his throat. Madrid, April 27.-The minister of war, Gen. Polavieja, it is announced, has received advices to the-effect that Aguinaldo intends to retain the American and Spanish prisoners, as, in the event of a cessation of hostilities, it will enable him to demand better terms of peace. Manchester, N. H., April 27.-A special to the Union from Laconia says: "The Lake Village Savings Bank of Lakeport has temporarily suspended payment. New York, April 27.-The New Jersey African Episcopal conference, in session in Jersey City, adopted strong resolutions today against the lynchings in the south. Hartford, Conn., April 27.-The dead body of Harry Billings, assistant superintendent of the Billings & Spencer Manufacturing Company, who has been missing for ten days, was found in Park river, near the capitol, here, today. The medical examiner decided that death was due to natural causes. Burlington, Vt., April 27.-The Queen City Cotton Company has been exempted from taxation for ten years, on condition that a new mill to be built by the corporation shall cost with its equipment not less than $300,000, and shall give employment to not less than 150 additional hands. Pawtucket, R. I., April 27-The striking weavers of the Dodgeville mills who. it was, thought, would follow those at Natick in returning to work, have voted not to go back. Providence, April 27.-The ninth annual session of the Grand Council of the Royal Arcanum of Rhode Island was held here today. Reports of officers showed a healthy growth of the order during the past year. Burlington, Vt., April 27.-Dr. W. Seward Webb has presented war medals to every member of the First Vermont regiment of volunteers. Berlin, April 27.-Virulent small pox has appeared simultaneously in various parts of Germany, notably at Iserlohn, Hanover and Moczadlog. New York, April 27.-It was learned today that altogether 25 inspectors have been suspended in the customs department of this port. It was also learned definitely that every one of the accused inspectors has been charged with accepting gratuities in the shape of money. Paris, April 27.-Ferdinand W. Peck, the commissioner to the Paris exposition of 1900, was officially notified today of the allotment of 56,500 square feet in the Vincennes annex. This makes a total of 300,000 square feet of space allotted to American exhibits, or double the amount of the original grants. Mr. Peck is confident that the exhibition will be readv in the time indicated. New York, April 27.-Mrs. Justin Huntley McCarthy, better known by her stage name, Cissie Loftus, was today granted a decree of absolute divorce from her husband, the former member of parliament and the son of the famous Irish leader. Syracuse, N. Y., April 27.-Twelve bishops of the Methodist Episcopal church of America met here today. The meeting is for the purpose of assigning fall conferences. Washington, April 27.-Reginald Tower, British charge d'affaires during the absence of Sir Julian Pauncefote, arrived here today. Havana, April 27.-Gen. Brooke is considering the issuing of a decree to prohibit raffles and lotteries. He has already signed a decree stopping cock fighting and bull fights. Boston, April 27.-A pension of $27 per quarter has been granted Lulu B. Randall, the 16-year-old daughter of Frank B. Randall, late chief engineer on the revenue cutter McCulloch. Engineer Randall died while the McCulloch was carrying the first news of the victory of Admiral Dewey from Manila to Hong Kong. New York, April 27.-William H. Hurlbut, a former member of the board of education. and a graduate of Yale University, was today declared insane by a sheriff's jury. He was left the income of a million dollars by the will of his father, but the will was contested, and


Article from Arizona Republican, May 3, 1899

Click image to open full size in new tab

Article Text

SAVINGS BANK SUSPENDS. The Lake Village of Lakeport, N. H.. In Difficulty. Concord, N. H., May 2.-News was received here this forenoon announcing that the Lake Village Savings Bank of Lakeport, a suburD cf the city of Laconia, has suspended payment. Charles L. Pulsifer, formerly mayor, treasurer of the bank, is out of town. The Lakeport National bank is in the same building as the Lake Village Savings Bank, but the cashier says that the two institutions are in no way connected. It has been known that the Lake Village bank has not been in a flourishing condition for some time and was a loser by the suspension of the Belknap Savings bank of Laconia Its last statement showed liabilities of about $250,000 with assets about the same. About $230,000 is due deposit tors.


Article from The Abbeville Press and Banner, May 17, 1899

Click image to open full size in new tab

Article Text

Domestic. During a game of baseball at Lownesboro, Ala., Frank McCoy, one of the players, enraged at a decision of the umpire, Samuel Powell, picked up a bat and crushed the latter's skull, killing him instantly. An infuriated boar a few days ago bit George W. Snoke, 8 farmer residing near New Cumberland, Penn., severing a main artery and causing Mr. Snoke's death by poolq 10 5501 The "Southern Cross," home of General Wade Hampton, at Columbia, S. C., was burned a few days ago, the General escaping with the loss of parts of bis mustache, eyebrows and hair. The General's library and many valuable documents were lost in "sewey eqf James L. Hanchet. who fied from West-i field, Mass., under the fear that he was to be arrested for embezzling $7000 from the Steimer & Moore Manufacturing Company, has returne to the city and offered to submit to punishment. Business men of the city had contributed $1000 to save him from prosecution before he went away, and it is not probable that he will be punished. The auxiliary cruiser Prairie sailed a few days ago from League Island Navy Yard, Philadelphia. She will spend five months or more in the training service, and will have on board at various times naval militia from all the States along the coast, from Louisville to Maine. Arthur Shattuck, of Gardner, Mass., the son of the Fire Department Chief of the town, died at Boston from the effect of having an ulcerated tooth drawn. The operation was performed over a week ago and the physicians were unable to check the flow of blood. The town of Checkly, Okla., conta twelve hundred population, was literally wiped out by fire a few days ago. Three persons were burned to death. The loss amounts to about $300,000. A violent earthquake shock was felt in Louisville, Ky., and Jeffersonville, Ind., a few days ago. The vibrations were from northeast to southwest and houses were swayed as tree limbs in a gale. Handsome stained glass windows in several of the churches were smashed, and in many private residences china and glassware were broken. There was only one shock, and it lasted only ten seconds. The United States transport Sherman, with eighty passengers on board, including Brigadier-General Harrison Grey Otis of the volunteers and three civilians, sons of JO ""i" Sepator 'SuH State JO Secretary Maine, and Congressman Dalzell, of Pennsylvania, arrived at San Francisco, Cal., a few days ago, from Manila. The transport Grant also arrived at San Francisco having on board 198 sick and wounded. Klondike advices have been received at Seattle, Wash., stating that Deputy Collector of Customs Andrews, stationed at Skaguay, recently seized the British sloop peq II 7547 punors out uo Dorothy to report at customs way points on the way from Skaguay. L. M. Pitkin, one of the best known business men of Cleveland, Ohio, was struck and instantly killed by the west bound Lake Shore express train at Colte, a suburb, a fam days ago. Mr. Pitkin was seventy years '09 .0 William Muhienfeis, from Sacramento, committed suicide at the Ruse House San Francisco, Cal., by putting a pistol bullet through his heart. He left a letter giving the address of his parents in New York about SBM °H AND Fire which started in the Polish settleB Chicago 10 epis northmest the JO quem few days ago destroyed eighteen tenement houses. One hundred and ten families, numbering in all about one thousand persons, were made homeless. Testifying at the hearing of E.P. Ingram and H. K. Hewitt, of Philadelphia, accused of helping counterfeiters by bribing deteccon- JO euo 'Spuey "I M 'sean spirators, said he made many payments to Ingham for a go-between. The Lake Village Savings Bank of Lakeport, N. H., has temporarily suspended payment. It is understood that withdrawals have been steady while deposits were not sufficient to equalize the loss, thereby necessitating a suspension of payment. The jury in thetrial of Margaret Anderson, of Ansonia, Conn., charged with murdering her husband by poison, returned a verdict of manslaughter. The verdict was a compromise. Mrs. Anderson was sentenced by Judge Edner to ten years in the State prison at Wethersfleld. Valentine De Graff, forty-seven years old, out 10 Cuptain pus Albany 10 resident B barge Jemima Leonard, belonging to Warford & Robinson, which was lying at her 1101 "I 'N 'SHO fesies uj declare and was drowned a few days ago. Frank V. Balling, who brought suit against W. C. Fuchs and Dr. Otto L. Schmidt, of Chicago, for the loss of a leg that was burned while Balling was under the light of the X-rays for treatment, was allowed $10,000 damages a few days ago by a jury in the Circuit Court. Ernest B. McNair, receiving teller of the Wilmington Saving Fund Society, at Wilmington, Del., has confessed to a shortage of $10,000 in his accounts. Inasmuch as Mr. Nair confessed judgment in real eetate valued at $15,000 in favor of the society it was decided by the directors of the society not to prosecute bim. McNair is thirty-one years of age and of high standing in the city. one detective ordeu U ' f 'V has been hunting evidence against alleged 04100 Incued **** qom B 10 negroes in Lee County, Ga.. in February, was shot dead in the country road near his home, nine miles below Leesburg, a few -1ed 1017 JO thirty 10 дош 8 Aq 'ODE slup sons. The Coroner's jury decided that the -un parties 10 spurt etf IV pelp ordeu known. Foreign.