Peterboro Savings Bank - Peterboro, NH

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: savings bank
Start Date: December 10, 1895
Location: Peterboro, New Hampshire (42.871, -71.952)

Metadata

Model: gpt-5-mini
Short Digest: 81c847a6

Response Measures

Full suspension

Other: Suspension was via Supreme Court injunction (court order). Note: trustees were large depositors and had not withdrawn funds.

Description

Newspaper (Dec 10) reports steady withdrawals (a run) that prompted the Supreme Court to enjoin the bank from receiving or paying deposits. No information in these articles about reopening or receivership, so final status is uncertain.

Events (2)

1. December 10, 1895 Run

Cause Details: Steady withdrawals by depositors are reported; article does not state a triggering rumor or specific scandal.
Measures: None reported beyond trustees not withdrawing and belief assets will cover claims.
Newspaper Excerpt: The Supreme Court has issued an order enjoining the Peterboro Savings Bank from receiving or paying deposits. This action has been made necessary by reason of the steady withdrawals by depositors
Source: newspapers

2. December 10, 1895 Suspension

Cause: Government Action
Cause Details: Court injunction enjoining the bank from receiving or paying deposits because of steady withdrawals (to avoid forced sale of securities).
Newspaper Excerpt: The Supreme Court has issued an order enjoining the Peterboro Savings Bank from receiving or paying deposits.
Source: newspapers

Newspaper Articles (1)

1. December 11, 1895 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, December 11, 1895

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Article Text

Business Embarrassments. CONCORD, N. H., Dec. 10.-The Supreme Court has issued an order enjoining the Peterboro Savings Bank from receiving or paying deposits. This action has been made necessary by reason of the steady withdrawals by depositors, which, if continued, will necessitate the sale of a portion of its securities at a sacrifice. None of the bank's securities have thus far been disposed of to meet the demands of its depositors, and the trustees, who are large depositors. representing each over $100,000, have not withdrawn a dollar of their deposits. The amount due depositors is $705,000, and it is believed by the trustees and commissioners that the assets will cover all claims. MANSFIELD, O., Dec. 10.-Israel Shonfield, the leading clothing merchant here, made an assignment this afternoon. Assets, $65,000; preferred claims, $39,000; liabilities unknown. MILWAUKEE, Wis., Dec. 10.-Henry Vogt, one of the largest contractors in the city, assigned to-night. Assets, $75,000; lia. bilities, about $40,000.