13813. White Mountain Bank (Lancaster, NH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 7, 1865
Location
Lancaster, New Hampshire (44.489, -71.569)

Metadata

Model
gpt-5-mini
Short Digest
83725dda

Response Measures

None

Description

Multiple July 1865 newspaper reports state the White Mountain Bank of Lancaster, NH 'suspended payment' and its assets placed in hands of an assignee/commissioner. No run is described in the articles; insolvency/assignee indicates permanent closure/receivership. OCR typos in some clippings (e.g., 'Laneaster' -> Lancaster, 'HITE' -> WHITE) corrected.

Events (2)

1. July 7, 1865 Receivership
Newspaper Excerpt
has suspended payment, and is now in the hands of an assignee. Hon. J. W. Weeks is the assignee. COMMISSIONERS NOTICE...appointed by the Supreme Judicial Court of New Hampshire, commissioner, to receive, examine and allow the claims of creditors against said White Mountain Bank (July term, A.D. 1865). W. H. CUMMINGS, Commissioner. (notice published Aug9- Sep 1865).
Source
newspapers
2. July 7, 1865 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank stopped payment due to an over-issue/deficit (reported deficit about $15,000) and insolvency concerns; cashier's bond expected to cover loss; assets placed with assignee/commissioner.
Newspaper Excerpt
The White Mountain Bank of Lancaster, N. H., has stopped payment ... its assets are now in the hands of an assignee.
Source
newspapers

Newspaper Articles (12)

Article from Orleans Independent Standard, July 7, 1865

Click image to open full size in new tab

Article Text

BANK SUSPENSION.-The financial article of the Commercial Bulletin says : "The White Mountain Bank of Lancaster, N. H., has stopped payment, and its bills are thrown out by the Suffolk.The latter cashier, who has always had the reputation of being a generous, wholesouled sort of a man, has beer. guilty of an over-issue of bills, and this fact causes the creditors of the concern considerable anxiety, although of course its affairs are said to be in a very promising condition." The "White Mountain" is not a National bank. It was formerly much patronized by the lumbering interest of Coos county, and its management has for a long time been principally in the hands of the family of a late ex-governor of New Hampshire."


Article from The Portland Daily Press, July 7, 1865

Click image to open full size in new tab

Article Text

BANK FAILURE.-We learn from the Nashua Gazette that the White Mountain Bank at Laneaster, N. H., has suspended payment, and is now in the hands of an assignee. It is thought the bill holders will lose nothing, as the assets are believed to be sufficient to secure them. The deficit is about $15,000, and the bond of the late Cashier, George C. Williams, Esq., which is for $20,000, is ample to cover the loss. Hon. J. W. Weeks is the assignee.


Article from The Norfolk Post, July 10, 1865

Click image to open full size in new tab

Article Text

By the arrival of the Manhattan from Havana, we have news from the City of Mexico to the twenty-fourth of June, together with the dates from Vera Cruz to the twenty-eighth ultimo. A most important item of news is theannouncement that a decree was about to be issued ceding Sinaloa, Durange and Sonora to France to secure the debt due to that country. The health of Vera Cruz was good. The American emigration scheme is said to be a failure, but this may be deemed as not definitely settled. Reports from Mexico are very contradictory. Another light draft monitor, the Nauset, built in East Boston by Mr. Donald McKay, is now finished and accepted by the Navy Department. She is two hundred and twenty-five feet long, forty-five wide, seven feet ten inches deep, and draws six feet six inches of water. The hull is of iron and the armour is backed by white oak; the turret and pilot-house are of iron ten inches thick; the turret is twenty feet in diameter inside and nine feet high, and contains two heavy guns. There were more than one hundred persons prostrated by sunstroke in Cincinnati and vicinity on the fourth of July. Several cases proved fatal. The mercury marked one hundred degrees in the shade. Lewis T. Stoddard, a Boston broker, was accidentally drowned in a stream near that city on Thursday. The Louisville Journal says that H. C. Burnett, formerly member of Con. gress from the First Kentucky District, and afterwards a member of the rebel Congress, was arrested four days ago at Hopkinsville, by order of the Secretary of War. He was taken to Louisville, where he has been turned over to the civil authorities, to be tried for high treason. He is now awaiting action in his case. A Missouri paper says there is a young lady in Henry County, in that State, not yet sixteen, who is this year cultivating sixteen acres of corn. She does all the necessary work, Including plowing. She has undertaken this piece of work to obtain money with which to educate herself. Captain Maury, formerly of the Washington Observatory, and recently engaged in placing torpedoes in Southern waters, is in the City of Mexico. Middletown, Connecticut, is excited over a regular " elopement, with the cruel parents, hasty moonlight ride, and all the other proper adjuncts. The fleeing pair have not yet been overtaken. The names are John Vinton, nineteen years old, and Anna Brainard, an impulsivelittle girl of fifteen. The New Hampshire Legislature adjourned on Saturday, after taxing all incomes, not already taxed, twenty-five per centum. The Bridgeport, Connecticut, Farmer says, Colonel Ira Gregory is lying very low of a disease called the dry mortification, which, commencing in one of his toes, has extended through his body. Two other persons there are similarly afflicted. Count Albert de Revel has, according to a Parisian correspondent of the Athenseum, been left two thousand pounds a year by an eccentric uncle, on the singular condition that, within two years, he shall marry a tall, slim lady, of harmonious proportions,' withlong and thick.golden hair. She must have an open forehead, blue eyes, brilliant white skin, a well-made nose, a small mouth, and she is to be full of grace, and her character is to be slightly shaded with a poetic languor. The White Mountain Bank, Lancaster, New Hampshire, has suspended of payment, and its assets are now in the hands of an assignee. The grand Jury of Brooks county, Virginia have found indictments for he treason against a number of returned Confederates. It is claimed that theyare be guilty of treason against the State of West Virginia. At Newbern, N. C., factories are to be established for improved processes for producing tar, turpentine, oil and pyroligneous acid from light-wood. of North Carolina is rapidly filling up with emigrants from the North who wish to buy land. Governor Holden has sent a commissioner to Washington to arrange matters connected with confiscation, so as to make sales of land easier than they are at present. A Queene Anne gun, two hundred and thirty-five years of age, which went through the revolution and the war of eighteen hundred and twelve, was fired by Arch Young at the Van Renssalear of Mansion, at Albany, on the Fourth of July morning. It was fired two years ago by the same gunner, both times at the request of old Mr. Van Rensselaer. With these exceptions, it has not been fired since the war of eighteen hundred Id and twelve. Negroes are making two and three dollars a day in North Carolina, by washing the waste or trailings of the gold mines there. Thousands of tons of gold-bearing dust and rock are on the surface near the mines. Newbern, North Carolina, is rapidly increasing in populatian. Many Northern business men are there, engaging in profitable enterprises. The city gates of Quebec have neve been without guards since its capturl from the French by General Wolf unti last Thursday week, when they were permanently withdrawn. The Arab girls who came to see Napoleon in Algiers wore nosegays in their ears. The election in Petersburg, Virginia, tak place on the 18th instant. General Hatch, commanding the distriet of Charleston, South Carolina, has learned that some of the planters in their


Article from Green-Mountain Freeman, July 11, 1865

Click image to open full size in new tab

Article Text

Items of News. SWIFT JUSTICE -Those who have been surprised at the rapidity with which the execution of the conspirators at Washington followed the approval of the sentence by the President will find a parallel in the case of Bellingham, the murderer of Mr. Percival, prime minister of England, in 1812, Bellingham committed his crime at about five in the afternoon of Monday, May 11, 1812 His trial came on at the Old Bailey on Friday, the 15th : he was at once found guilty, and was executed at eight o'clock on the morning of Monday. the 18th-a full week from the date of the fatal deed not having expired. ALL THE WHITE TROOPS TO BE DISCHARGED.A Washington dispatch says: General Grant authorizes the statement that all the white volunteer troops of the army will be mustered out of service at the earhest possible day, and it is probable that by the middle of August there will not be ten thousand remaining in the whole of General Meade's Division of the Atlantic. It is in contemplation to order the muster out of the Ninth Corps within the next ten days. THE NEGRO TROOPS IN TEXAS.--The New Orleans Picayune says the negro troops landed at Brazos have been very mutinous since their arrival at that place. Water being scarce they broke away from all control, boarded the vessels lying at Brazos, and took casks out of some and took others to the Rio Grande to fill with water, and committed other excesses. It was feared that on their march into the interior they would become far more mutinous as they were very indignant at being sent to Texas. DISASTROUS Hail STORM IN MAINE.-On Tues. day a disastrous hail storm passed over Durham, striking a swath of several miles across into Lisbon and other towns, and covering the ground for more than an inch in depth. Growing crops were leveled, and corn utterly destroyed. On Mr. Wm. Stackpole's farm every growing thing was destroyed. His large and valuable orchard was seriously damaged, and the crop of fruit almost destroyed. One hundred panes of glass were broken in his house. Similar destruction raged for miles. The hailstones fell in sheets -some of them as large as hea's eggs, and after the shower cart loads of them could beshoveled up in a small space. Limbs of trees an inch in diameter were cat off by the hail. It was altogher the severest hail storm ever known in this section, accompanied by a terrific wind.-Lewiston Journel. BANK FAILURE.-We learn from the Nashus Gazette that the White Mountain Bank at Lancactor, N. H., has suspended payment, and is now in the hands of an assignee. It is thought the bill holders will lose nothing, as the assets are believed to be sufficient to secure them. The deficit is about $15,000, and the bond of the late cashier, Geo. C. Williams, E.q., which is for $20,000, is ample to cover the loss. HonJ. W. Weeks is the assignee.


Article from The Union and Journal, July 14, 1865

Click image to open full size in new tab

Article Text

For editorial 800 first page. The White Mountain Bank, Lancaster, N. H., has suspended. Counterfeits on the Lynn Mechanics Bank are in circulation. Beware of them. The Portland Prem appears in a beautiful new dress. We are glad of this evidence of prosperity on the part of our contemporary. The Louisville Journal pertinently asks, "What is the use of being against abolition when abolition is a fact? Why advocate a dog's lite when the dog is dead The Chronicle brands as ridiculously false the statement that Secretary Seward has placed his resignation at the disposal of the President. Wm. Hutchins of Penobscot, the only remaining veteran of the Revolution in New England, participated in the celebration of the Fourth of July at Bangor. His mind remains clear, and his health is good. But three other Revolutionary patriots remain to welcome the return of our national anniversary, viz: Samuel Cook of Clarendon, New York, whose ageis unknown ; Samuel Down. ing of Edinburg, Saratoga County, N. Y., aged 100 years, James Bashen of Missouri, aged 102. James McGrath was murdured on Central Bridge, Bangor, on the night of the 3rd inst. The next morning James Williams, a colored barber, gave himself up ns the perpetrator of deed, alleging that it was done in self-defence. He was committed for trial. In Chicago they have a killing machine. An enormous hand, with five terrible claws, hooks out the unsuspecting pigs from their pens, hoists them to 11 gibbet near by; where they are slain without benefit of clergy, and then plunged by the same means into scalding water. This porcine guillotine "finishes" fifty pigs,an hour. About $90,000 of the $100,000 to endow Waterville College has been subscribed. When the sum is secured, it makes good $140,000. conditionally subscribed. At a meeting of the Directors of the Engle Hill Mutual Coal Company, in Boston, it was voted to make the price of coal for the ensuing month $7.90 per ton of 2240 lbs. At Petersburg. just before the evacuation, many cannon were buried, and head boards put up at each end, to resemble soldiers' graves The negroes, always loyal to the North, immediately revealed the trick, and upwards of 100 field-pieces have been exhumed. It is a somewhat singular circumstance that the owner of the farm upon which the first battloof the war (Bull Run) was fought, is also owner of the house at Appomattox Court House, in which the surrender of Lee's army was signed. An effort is being made to raise the old frigate Congress, sunk off Newport News in the spring of 1862. John T. Ford, the proprietor of the famous Ford's Theatre, at Washington, basad vertised to open that place of amusment with the play of the Octoroon. but at 6 P. M. it was again taken possession of by the War Department, and strong guards posted at every door. Only 200 rebels have yet been pardoned under the terms of the Amnesty Proclamation, but a large number of cases bave been reported upon favorably by Attorney General Speed, and only await thoupproval of the Executive. In the Harris case, at Washington, yesterday. a large number of love letters. dating as far back # November, 1856, from the deceased to the accused, were produced by the defense to lay the foundation of a plea of insanity.


Article from The Jeffersonian, July 20, 1865

Click image to open full size in new tab

Article Text

The White Mountain Bank, Lancaster, New Hampshire, has suspended payment and its assets are now in the hands of assignees.


Article from Burlington Free Press, July 21, 1865

Click image to open full size in new tab

Article Text

BANK FAILURE.-The White Mountain Bank at Lancaster, N. H., has suspended payment, and is now in the hands of an assignee.


Article from The Caledonian, August 11, 1865

Click image to open full size in new tab

Article Text

HITE MOUNTAIN BANK, W AT LANCASTER, N, II. COMMISSIONERS NOTICE. The subscriber having been duly appointed by the Supreme Judicial Court of New Hampshire, commissioner, to receive, examine and allow the claims of creditors against said White Mountain Bank, in pursuance of an order made by said Court. at the July term. A. D. 1865, and it being therein ordered and required that all the creditors of said Bank shall exhibit their claims to said Commissioner, for examination and allowance, within six months from the first day of August, 1865, and in default thereof to be precluded from the benefit of any distribution of the effects of such Bank," hereby gives notice that he will attend to the dnties assigned him at the Banking House of said White Mountain Bank. at Lancaster, in said State, on Tuesday, the 31st day of October: Tuesday, the 28th day of November: Tuesday, the 26th day of December, 1855, and Tuesday, the 30th day of January, 1866, respectively, from 9 o'clock A. M. until 5 o'clock P. M. on each of said days. All creditors, whether as holders of the bills of said Bank or otherwise, will govern themselves accordingly. W. H. CUMMINGS, Commissioner. 63-68 Lisbon, N. H, July 31, 1865.


Article from The Caledonian, August 25, 1865

Click image to open full size in new tab

Article Text

HITE MOUNTAIN BANK, AT LANCASTER, N, H. COMMISSIONERS NOTICE. The subscriber having been duly appointed by the Supreme Judicial Court of New Hampshire, commissioner, to receive. examine and allow the claims of creditors against said White Mountain Bank. in pursuance of an order made by said Court, at the July term, A. D. 1865, and it being therein ordered and required that all the creditors of said Bank shall exhibit their claims to said-Commissioner, for examination and allowance, within six months from the first day of August, 1865, and in default thereof to be precluded from the benefit of any distribution of the effects of such Bank," hereby gives notice that he will attend to the dnties assigned him at the Banking House of said White Mountain Bank, at Lancaster, in said State, on Tuesday, the 31st day of October; Tuesday. the 28th day of November: Tuesday, the 26th day of December, 1855, and Tuesday, the 30th day of January, 1866, respectively, from 9 o'clock A. M. until 5 o'clock P. M on each of said days. All creditors. whether as holders of the bills of said Bank or otherwise, will govern themselves accordingly. W. H. CUMMINGS, Commissioner. 63-68 Lisbon, N. H., July 31, 1865.


Article from The Caledonian, September 1, 1865

Click image to open full size in new tab

Article Text

OTICE N Is hereby given that an application will be made to the General Assembly of this State at its next regular session for a tax on the lands in the towns of Norton and Averill. in Essex county. for the purpose of making and repairing roads and building bridges: GEO B. JAMES. CHAS. W. PIERCE, Applicants. 64-66 W. L. WILLARD, HITE MOUNTAIN BANK, W AT LANCASTER, N, H. COMMISSIONERS NOTICE. The subscriber having been duly appointed by the Supreme Judicial Court of New Hampshire, commissioner, to receive, examine and allow the claims of creditors against said White Mountain Bank, in pursuance of an order made by said Court, at the July term. A.D. 1865, and it being therein ordered and required that all the creditors of said Bank shall exhibit their claims to said Commissioner, for examination and allowance, within six months from the first day of August, 1865, and in default thereof to be precluded from the benefit of any distribution of the effects of such Bank," hereby gives notice that he will attend to the dnties assigned him at the Banking House of said White Mountain Bank. at Lai caster, in said State, on Tuesday, the 31st day 0 October; Tuesday, the 28th day of November: Tuesday, the 26th day of December, 1835, and Tuesday, the 30th day of January, 1866, respectively, from 9 o'clock A. M. until 5 o'clock P. M on each of said days. All creditors, whether as holders of the bills of said Bank or otherwise, will govern themselves accordingly. W. H. CUMMINGS, Commissioner. Lisbon, N.H., July 31, 1865. 63-68


Article from The Caledonian, September 15, 1865

Click image to open full size in new tab

Article Text

HITE MOUNTAIN BANK, W AT LANCASTER, N, II. COMMISSIONERS NOTICE. The subscriber having been duly appointed by the Supreme Judicial Court of New Hampshire, commissioner, to receive, examine and allow the claims of creditors against said White Mountain Bank, in pursuance of an order made by said Court, at the July term, A. D. 1865, and it being therein ordered and required that all the creditors of said Bank shall exhibit their claims to said Commissioner, for examination and allowance, within six months from the first day of August, 1865, and in default thereof to be precluded from the benefit of any distribution of the effects of such Bank," hereby gives notice that he will attend to the dnties assigned him at the Banking House of said White Mountain Bank, at Lancaster, in said State, on Tuesday, the 31st day of October; Tuesday, the 28th day of November: Tuesday, the 26th day of December, 1865, and Tuesday, the 30th day of January, 1866, respectively, from 9 o'clock A. M. until 5 o'clock P. M. on each of said days. All creditors, whether as holders of the bills of said Bank or otherwise, will govern themselves accordingly. W. H. CUMMINGS, Commissioner. 63-68 Lisbon, N. H., July 31, 1865.


Article from The Daily Gate City, January 6, 1866

Click image to open full size in new tab

Article Text

Plannelal The Chicago Tribune of the w saye: The stringency in the money market is daily coming more severe. The increased receipts of within has about were urgent for money by Merand reconsistate everywhere'd a Servity of discounting to their customers as freely as their resources will permit; but, according to the gear torty statements, these are more limited than usual and alone discrimination is made at the discount houses. There is no hope of change in the bank rate, which remains steedy at 10 per cost. per annum; but the street rates are from at 1) to 2 per cent. per month. The Evening Journal of the same date says: The demand for money continues active and the market is working closer. Country Banks and Bankers are sending here for pecuniary assistance to move the Hog erop, which, until the last week, has been persistently held in first heads. Large receipts of the porcine species are looked for during the next two weeks, and we shall doubtions have an increased stringency in the money market for a short time. The Cincinnati Gasette of the 3d says : The volume of business transacted in financial circles to-day was heavy, owing in part to transactions deferred in consequence of the holiday. There was a good demand for money, and currency was withdrawn freely by country and city depositors, leaving reduced balances at the elose. The offerings for discounts were pretty freely, though not fully met. Rates of interest between bankers and their depositors were firmly sustained at 8 to 12 per cent. -Some of the National Banks are still in trouble about the payment of taxes. The Albany institations have issued a circular to their stockholders requesting delay in the payment of taxes assessed to them untile decision is obtained on the question by the United States Supreme Court, as the managers believe that such taxation is without authoriLT, so far at least as shares which represent capital invested in United States securities are concerned. -The White Mountain Bank, of Lancaster, New Hampshire, is in the bands of assignees, and its bills are not current, Itisa State institution, with a capital of $50,000. At the commencement of the present year it had n virculation of $41,885, and $3,820 in specie in its vaults. Hogs. The Chicago Tribune of the 4th says: The market o-day presents a marked contrast with that of yesterday. Then trade was brisk and prices buoyant. Now but a meagre number are changing hands, and prices are low and drooping. The yards are full to overlowing, and buyers are looking idly on. Only the most tempting offers induce them to operate, even on a limited scale. The causes for this depression are found in the deeline in the East and the large arrivals of both five and dressed Hoga. The latter are arriving in great profusion, and of the former we have had today a larger number than for any single day within a year past. The inquiry on the part of shippers, which has existed for soine time past, rendered It necessary for packers to pay a larger price to secure the stock, than they felt justified in doing; and now, that there has ceen a decline in the Kastern markets, and shippers are enabled to compete with them less sharply, they have resolved to purchase at less Signrer. Notwithstanding this very general feeling on the part of buyers. sellers are stubborn, and most of them refuse to sell w the concessions demanded. The result is that 10,000 or 12,000 Hogs remain in the yards unsold. The Cincinnati Gazette of the 3d says: The market to-day has been quite active, though the larger part of the receipts, which includes those of Sunday and Monday, were disposed of yesterwere at and net, day, The 8975 packers gross, but sellers buying asked freely and obtained $12 00 for some lots $10 00 gross, and $12 25, and in one instance $12 50 net.