13858. New Hampshire Banking Company (Nashua, NH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1892*
Location
Nashua, New Hampshire (42.765, -71.468)

Metadata

Model
gpt-5-mini
Short Digest
8c2f7856

Response Measures

None

Description

The New Hampshire Banking Company shut its doors in the 1890s (articles variably say 'a dozen years ago' or '15 years ago') after the failure of the Globe Savings Bank of Chicago, remained closed, and was in receivership. In Dec 1907 the receiver distributed a final dividend, completing the liquidation. No contemporaneous run on this specific bank is described in the articles; this is a historical suspension/closure followed by receivership liquidation.

Events (2)
1. January 1, 1892* Suspension
Cause
Correspondent
Cause Details
The bank shut its doors in the 1890s as a result of the failure of the Globe Savings Bank of Chicago (a correspondent/connected institution).
Newspaper Excerpt
shut its doors a dozen years ago as a result of the failure of the Globe Savings Bank of Chicago.
Source
newspapers
2. December 19, 1907 Receivership
Newspaper Excerpt
Receiver Farley began paying a final dividend to depositors of 5½ per cent...bringing the total paid depositors since the bank ceased active business $913,242. The final payment amounts to $40,000, bringing the total paid depositors ... today Receiver Farley began paying a final dividend to depositors of 5½ per cent.
Source
newspapers

Newspaper Articles (5)
1. November 7, 1907 Los Angeles Herald Los Angeles, CA
Article from Los Angeles Herald, November 7, 1907

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Article Text

NEW HAMPSHIRE NASHUA, N. H., Nov. 6.-From private sources it was learned that the amount of surplus of the New Hampshire Banking company ready for distribution among the general depositors, according to the accounting which Receiver William H. Farley has filed with Clerk Thomas D. Luce of the superior court, and on the acceptance of which there will be a hearing November 21, is approximately $45, 00. This will give the depositors 5 per cent at least, making a total of 105 per cent which they will have received upon the face of their pass books at the time the institution closed its business fifteen years ago. MANCHESTER-Thomas Neary, who was detained at Ellis Island, N. Y., for nearly five weeks after his return from his old home in Ireland because he is a British subject, despite the fact he had been a resident of Manchester for more than twenty-five years, has been released and returned here. Relatives in Brooklyn, N. Y., furnished bonds of $1000 for his release. FRANKLIN-At the New Hampshire State Sunday School society's session B. P. Judd, field secretary of the international reform bureau at Washington, D. C.; the Rev. J. H. Robbins, the Rev. Virgil V. Johnson, Marion Lawrence of Chicago, Miss Gertrude H. Sawyer and Mrs. Florence C. Ware of Worcester, Mass., spoke. NASHUA-The jury in the case of Mrs. Cora Eldredge vs. Ayarle Ricard, which was begun in the superior court, brought in a verdict of not guilty after being out about two hours. The plaintiff is the widow of Sylvanus Eldredge and sued Ricard for $8000, alleging that her husband came to his death as the result of being run over and killed on the railroad between Greenville and Mason October 17, 1903, while under the influence of liquor sold to him by Ricard.

2. November 25, 1907 The News-Democrat Providence, RI
Article from The News-Democrat, November 25, 1907

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Article Text

Depositors Get Dividend Nashua, N. H., Nov. 25.-A dividend ot 5% per cent and the payment of $600 to the committee of general depositors who brought suit for the obtaining of the surplus rather than have it divided among the stockholders was ordered in the New Hampshire Banking company case today in the superior court here by Judge Robert J. Peaslee. The surplus amounts to about $45,000. This winds up the affairs of the company, which suspended business 15 years ago.

3. December 19, 1907 Evening Star Washington, DC
Article from Evening Star, December 19, 1907

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Article Text

FAILED BANK PAID INTEREST. Took Some Years, But Depositors More Than Recovered Money. NASHUA, N. H., December 19.-One of the most successful liquidations of a closed bank in financial records has just been completed by W. A. Farley of the New Hampshire Banking Company of this city, which shut its doors a dozen years ago as a result of the failure of the Globe Savings Bank of Chicago. Today Receiver Farley began paying a final dividend to depositors of 5½ per cent. The final payment amounts to $40,000, bringing the total paid depositors since the bank ceased active business $913,242. In other words, the general depositors get 108% per cent of the amount they had in the institution, the percentage above 100 representing partial interest on their money. The president of the New Hampshire Banking Company was the late Solomon Spalding. father of Charles Spalding, treasurer of the defunct Globe Savings Bank of Chicago.

4. December 19, 1907 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, December 19, 1907

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Article Text

SETTLED IN FULL Bank Which Failed A Dozen Years Ago Has Paid Depositors 108 3-4 Per Cent. Nashua, N. H., Dec 19.-One of the most successful liquidations of a closed bank in financial records has just been completed by W. A. Farley of the New Hampshire Banking company of this city, which shut its doors a dozen years ago as a result of the failure of the Globe Savings bank of Chicago. To-day Receiver Farley began paying a final dividend to depositors of 51/4 per cent. The final payment amounts to $40,000, bringing the total paid depositors since the bank ceased active business $913,242. In other words the general depositors get 10834 per cent of the amount they had in the institution, the percentage above 100 representing partial interest on their money. The president of the New Hampshire Banking company was the late Solomon Spalding, father of Charles Spalding. treasurer of the defunct Globe Savings bank of Chicago.

5. December 20, 1907 Watertown Weekly Leader Watertown, WI
Article from Watertown Weekly Leader, December 20, 1907

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Article Text

FINAL PAYMENT TO DEPOSITORS Those Who Had Money in Closed New Hampshire Bank Get 108 3.4 Per Cent of Amount. Nashua, N. H., Dec. 20.-One of the most successful liquidations of a closed bank in financial records has just been completed by W. A. Farley of the New Hampshire Banking company, of this city, which shut its doors a dozen years ago as a result of the failure of the Globe Savings bank of Chicago. Receiver Farley has begun paying a final dividend to depositors of 51/4 per cent. The final payment amounts to $40,000. bringing the tot paid depositors since the bank ceased active business, $913,242. In other words, the general depositors get 108 3/4 per cent of the amount they had in the institution, the percentage above 100 representing partial interest on their money. The president of the New Hampshire Banking company was the late Solomon Spalding. father of Charles Spalding, treasurer of the defunct Globe Savings bank of Chicago.