13822. Bank of New England (Manchester, NH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 18, 1899
Location
Manchester, New Hampshire (42.996, -71.455)

Metadata

Model
gpt-5-mini
Short Digest
78303ce9

Response Measures

None

Description

Multiple articles (dated July 18–20, 1899) report Judge Peaslee decided to appoint a receiver for the Bank of New England, Manchester, N.H., because the bank had been in difficulty and liabilities exceeded real assets. No run or depositor panic is mentioned in the reports. The event is a receivership following suspension/insolvency, so classified as suspension_closure.

Events (1)

1. July 18, 1899 Receivership
Newspaper Excerpt
Judge Peaslee of the supreme court has decided to appoint a receiver for the Bank of New England of this city, which has been in difficulty for some time.
Source
newspapers

Newspaper Articles (8)

Article from Evening Star, July 18, 1899

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Article Text

WILL APPOINT A RECEIVER. Judge Peaslee's Decision Regarding a Manchester, N. H., Bank. MANCHESTER, N. H., July 18.-Judge Peaslee of the supreme court has decided to appoint a receiver for the Bank of New England of this city, which has been in difficulty for some time. The trouble primarily was due to the failure of the National of the Commonwealth and the Derryfield Savings Bank of this city a few years ago. The bank commissioners state that the savings department of the New England Bank owes depositors $41,928, and that its real assets amount to $30,783. In the other department the liabilities are $50,000 due to stockholders on account of capital stock, with actual assets of $17,140.


Article from The Wichita Daily Eagle, July 19, 1899

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CASTORIA. Bears the The Kind You Have Always Bough Signature of Manchester, N. H., July 18.-Judge Peaslee, of the supreme court, has decided to appoint a receiver for the Bank of New England, of this city. The bank owes depositors $41,928 and Its real assets amount to $30.783. Baltimore, Md., July 18.-A mixed train on the Curtis Bay branch of the Baltimore and Ohio railroad was derailed today at Stonehouse cove, near this city, Engineer Resaw was killed and Fireman Shade slightly injured. None of the passengers were injured. London, July 18.-Tod Sloane, It is announced, will sall for the United States by the steamer New York on Saturday. next, having decided to take advantage of his suspension, to visit America. He will return to England for the autumn handicaps.


Article from Wheeling Register, July 19, 1899

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A RECEIVER APPOINTED. MANCHESTER, N. H., July 18.Judge Peaslee, of the Supreme Court, has decided to appoint a receiver for the Bank of New England, of this city, which has been in difficulty for some time.


Article from The Record-Union, July 19, 1899

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Receiver for a Bank. MANCHESTER (N. H.), July 18.Judge Peaslo of the Supreme Court has decided to appoint a receiver for the Bank of New England of this city. The bank owes depositors $41,928 and its real assets amount to $30,783.


Article from Omaha Daily Bee, July 19, 1899

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Receiver for a Bank. MANCHESTER, N. H., July 18.-Judge Peaslee of the supreme court has decided to appoint a receiver for the Bank of New England of this city. The bank owes depositors $41,928, and its real assets amount to $30,783.


Article from The Somerset Reporter, July 20, 1899

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# NEWS IN BRIEF. The Massachusetts Prohibition state convention will be held at Worcester on Sept. 13. Thomas McKenna was drowned in the Merrimack river at West Concord, N. H., while bathing. Edward Welsh, aged 22, was struck by a train at Arlington, Mass., and died from his injuries. George Dixon was given the decision over Eddie Santry in their six-round bout at Chicago. George I. McAllister has been appointed receiver of the Bank of New England of Manchester, N. H. Chester P. Hunter of Melrose, Mass., aged 10, was instantly killed while sitting on railroad tracks. John Duffy, 3 years old, swallowed a small steel collar button at Olneyville, R. I., and was strangled. The marine inquiry into the loss of the steamship Portia is finished and a decision will be given in 10 days. Colonel William Preston Johnson, president of the Tulane university, New Orleans, died at Lexington. Va. Naval Constructor Feaster has been detached from the navy yard, Boston, preparatory to his retirement Aug. 5. Rev. A. Eugene Bartlett of Hyde Park, Mass., has accepted a call to the pastorate of the Universalist church, Manchester, N. H. William E. Horgan was held in $600 at Boston for the federal grand jury on a complaint charging him with attempt to pass counterfeit money. The will of Mrs. Horace H. Crary, late of Binghamton, N. Y., bequeaths $85,000 to various societies connected with the Methodist Episcopal church. Eugene Staub of Baltimore, in descending from the Royal Hut, near Pontresina, in the Engadine valley, Switzerland, fell over a prescipice and was killed. Daniel Sheehan has been arrested for alleged murderous assault on Fred Lester in a Boston barroom. It is expected that Lester will die as a result of his injuries. Three residences were entered by burglars at Attleboro, Mass. The three breaks were evidently done by the same persons. The police have no clue to their identity. Joseph Lamorine, aged 45, was struck by a passenger train at Willimantic, Conn., and will probably die. His skull was fractured and his right hip and arm were broken. It is estimated that the theft of George M. Valentine, the defaulting cashier of the Middlesex County bank at Perth Amboy, N. J., will amount to about $140,000 or more. Charles Young, holder of the St. Louis Republic cup, representing the live bird championship of America, lost the cup to J. A. R. Elliott by a score of 92 to 93 out of a possible 100. Surgeon Eugene Wasdin, United States marine hospital service, has been detailed to attend the conference for the prevention of venereal diseases to be held in Brussels in September next. Dr. Clarence P. Bill, Ph. D., instructor in Latin in the Western Reserve university, Cleveland, has declined an invitation to become a member of the faculty of Phillips-Exeter academy. The plan and scope committee of the Dewey celebration committee has received word from Charles Dewey, brother of the admiral, that the admiral will arrive in New York about Oct. 1. Tom Jenkins, the world's champion catch-as-catch-can wrestler, has been offered a prize of $1800 for a contest with Ernest Roeber, and the probabilities are that the offer will be accepted. The cruiser Philadelphia, which has recently returned to Mare island from Samoa, is to undergo general repairs at a cost of $12,000 and then will have electric ammunition hoists installed. Twenty-seven business houses at Bainbridge, Ga., were destroyed by fire. The fire originated in the brick block of Belcher Bros. and quickly spread. The loss is between $50.000 and $60,000. C. M. Foote, grand exalted leading knight of the grand lodge, Order of Elks, died at Minneapolis from heart failure, superinduced by a complication of diseases. He was 50 years of age. The supposed cases of scarlet fever at West Point are nothing more than a mild type of scarletina. There are only 11 cases, and not the least danger is apprehended of the disease spreading. The contract for putting in the Lake Auburn conduit for the Lewiston, Me., waterworks was awarded to Bearce & Clifford by the waterworks extension commission. Their bid was $72,516.10. Commissioner Wilson of the internal revenue has issued a circular prohibiting banks from affixing stamps to checks when presented, and requiring them to return the same to the drawers. The negotiations of the Franco-American treaty have been resumed at the state department. A distinct advance is being made, and it is considered settled that a treaty will result from the negotiations. The farm buildings of Royal Wells at Pishon's Ferry, Me., were struck by lightning and burned. The family barely escaped from the house. All the kine and swine were killed. The loss is $3500. Acting Secretary of War Miles has directed the remaining battalion of the Nineteenth infantry at Camp Meade to go to San Francisco to embark for Manila on the 25th on the Ohio and Newport. A. Van Boening, state grand master of the Knights and Ladies of Honor, aged 46, committed suicide at Peoria, Ilis., by throwing himself from a steamer. Domestic trouble is supposed to have caused the act. Orders have been issued at the war department directing headquarters and two battalions of the Nineteenth infantry to leave Camp Meade in time to reach San Francisco to sail on the Tartar on July 22. Small bicycle dealers, who were awaiting with anxiety the incorporation of the proposed bicycle combination, have been set at ease by the announcement that the proposed union of interests has been abandoned. An effort is now being made to enlarge the seamless tubing trust, or the Shelby Tube company as it is called. The company is capitalizzed for $10,000,000, and it controls five factories in va-


Article from Perrysburg Journal, July 22, 1899

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LATER. Thomas F. Noles, who left New Albany, Ind.. 15 months ago to take a place as chief engineer on one of the steamers of the Alaska Navigation Co. plying in the Yukon river, has returned to his home a raving maniac, his insanity having been caused by soffering from cold. What is probably the first cargo of silver and silver ore brought from the west coast of South America to an Atlantic coast port of this country, has reached Philadelphia on the British steamer Kentigern. Stowed away in her hold are 16,239 sacks of high grade ore and 600 bars of pig silver, valued at $150,000. A mixed train on the Bultimore & Ohio railroad was derailed near Baltimore on the 18th and Engineer Resaw was killed. None of the passengers were injured. Judge Peaslee. of the New Hampshire supreme court, has decided to appoint a receiver for the Bank of New England, of Manchester, N. H., which has been in difficulty for some time. Commercial authorities estimate the shortage in the Russian crop of whent at from 85,000,000 to 120,000,000 bushels. as compared with last year. The deficiency is most serious in the regions most favorably situated for export. A temporary receiver has been appointed for the Excelsior Electric Co., of New York City. The application was made by directors in proceedings for voluntary dissolution of the corporation. Liabilities $230,621. The company was incorporated in 1881. Two hundred and fifty freight handlers of the New York, New Haven & : Hartford railroad at five piers on the East river at New York City have gone I out on a strike. The men. who get 171/2 cents an hour, demand 25 cents an hour. The Lehigh Valley freight handlers also struck for more pay. There were four deaths from lock( jaw in New York and neighboring S cities on the 18th, making 39 since the : Fourth of July. New cases, resulting 1 generally from toy pistol wounds, continue to develop. I A big combination of five iron mills e in Lebanon and Reading, Pa., has been formed and will be controlled by a new corporation to be known as the American Iron and Steel Co. Negoe tiations for the combination have just been completed. The five plants emr ploy about 4,000 men, and their combined annual product of finished bar iron alone is over 140,000 tons. The new company will assume control Sepe tember 1.


Article from Marshall County Independent, August 4, 1899

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MINOR EVENTS OF THE WEEK. News of General Interest Told in Paragraphs. COMPLETE NEWS SUMMARY, Record of Happenings of Much or Little Importance from All Parts of the Civilized World-Prices of Farm Produce in Western Markets. Washington-Customs receipts ot Porto Rican ports for the last six months were $746,742, San Juan furnishing $341,022 and Ponce $252,500. Evansville,Ind.-During a storm near Oliver, in Pcsey county, about twentyfive miles northwest of this city, two men were instantly killed and two fatally injured by lightning. Madrid-The Spanish senate approved the tax on interest on the national debt. Brussels-The Petit Bleu says that a private dispatch from Berlin affirms, despite denials, that negotiations are proceeding for Emperor William to visit a French port. Omaha. Neb.-In a fight in a saloon Ed Joyce was instantly killed and Ed Caliahan mortally wounded. Havana.-Cubans had a big procession and mass meeting. A number of speeches were made, all in favor of absolute independence and union and urging the furtherance of work to secure this result. Chattanooga, Tenn.-Owing to the scarcity of coal and the unprecedented demand for commercial fuel, operators have advanced the price of domestic coal 25 cents a ton and commercial coal 10 cents. Morning View, Ky.- min Finnell was shot and killed by his son-inlaw, Austin Stephens. Stephens and wife separated about eight months ago, and she got a divorce. Stephens blamed Finnell as the author of his troubles. Stephens escaped. Fall River, Mass.- William Dolan and Jacob Shester, 16-year-old boys, died from injuries received in the Algonquin mill. They were piling clothing in a dryer when a valve admitting steam was accidentally turned on. Peeksill, N. Y.-Uriah Fouts of Cleveland, Ohio. died at the home of his son as a result of an internal fracture of the skull received by falling downstairs. Mr. Fouts was a republican and had a wide acquaintance with republican politicians and politics in Ohio and adjoining states. Manchester, N. H.-Judge Peaslee of the Supreme court has decided to appoint a receiver for the Bank of New England of this city. The bank owes depositors $41,928. Liabilities amount to $50,000. Assets are $48,193. Jacksonville, III-Hugh Wilson, contractor and manufacturer, has filed a voluntary petition in bankruptcy. He schedules his liabilities at $29,730 and his assets at $23,831. Washington-The strike of the electrical workers, which has been in progress for the past few weeks, has ended in a compromise, providing for an eight-hour day and time and a half for overtime. Madalin, N. Y.-The chief business block was destroyed by an incendiary fire, with a loss of $50,000. Springer, N. M. - H. M. Love, wounded by train robbers last Sunday, is dead. San Francisco, Cal.-Two masked men attempted to hold up David Lavani in his grocery and saloon. He resisted and was mortally wounded. The highwaymen escaped. Tucson, Ariz.-Dr. F. M. Endlich, a prominent mining engineer, shot and killed himself. He formerly lived in Los Angeles, and has a brother at Reading. Pa. Los Angeles, Cal-The police have arrested Clvde Mattox wanted at New-