13878. China Savings Bank (Suncook, NH)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
savings bank
Start Date
December 10, 1883
Location
Suncook, New Hampshire (43.131, -71.453)

Metadata

Model
gpt-5-mini
Short Digest
e03b0166

Response Measures

Full suspension, Books examined

Other: Commissioners employed experts; treasurer ill and confined to house.

Description

Newspaper reports (Dec 10-11, 1883) describe a run on the China Savings Bank leading it to close temporarily and invoke an examination. Later regional papers (Jan 10-11, 1884) report the China Savings (only bank at Suncook) has failed (OCR: 'tailed' = 'failed'). No explicit receiver assignment found in these clippings, but sequence is run → suspension → reported failure; I therefore classify as run_suspension_closure. OCR corrections: 'tailed' corrected to 'failed'.

Events (3)
1. December 10, 1883 Run
Cause
Rumor Or Misinformation
Cause Details
Newspapers state a run occurred for which no cause has appeared; no bank-specific scandal or correspondent failure cited.
Measures
Bank closed its doors temporarily; bank examiner was sent for and an investigation begun.
Newspaper Excerpt
in consequence of a run for which no cause has appeared, the China Savings Bank at Suncook closed its doors temporarily to-day.
Source
newspapers
2. December 11, 1883 Suspension
Cause
Rumor Or Misinformation
Cause Details
Suspension/temporary closing followed the run; reporting emphasizes lack of apparent cause for the run and examination by commissioners.
Newspaper Excerpt
The excitement at the China bank has subsided. The liabilities to depositors are $160,000 ... The commissioners will employ experts to examine into the bank's affairs.
Source
newspapers
3. January 10, 1884 Other
Newspaper Excerpt
The China Savings, the only bank at Suncook, N. H, has tailed. (OCR: 'tailed' = 'failed')
Source
newspapers

Newspaper Articles (7)
1. December 11, 1883 New-York Tribune New York, NY
Article from New-York Tribune, December 11, 1883

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Article Text

1 SAVINGS BANK CLOSES ITS DOORS. [BY TELEGRAPH TO THE TRIBUNE.] BOSTON, Dec. 10.-A Journal dispatch from Suncook, N. H., says that, in consequence of a run for which no cause has appeared, the China Savings Bank at Suncook closed its doors temporarily to-day. The bank examiner was sent for, and at once began an investigation. Last spring the institution was reported as having no bad or doubtful debts and no over-due paper. No loss has occurred during the thirteen years' administration of Treasurer Charles T. Hildreth. The bank, it is thought, will resume business to-morrow. The treasurer is reported confined to his house by illness.

2. December 12, 1883 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, December 12, 1883

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FINANCIAL. A National Bank Suspended. NEW YORK, Dec. 11.-The Manufacturers' bank of Amsterdam, has closed in consequence of the recent failures, and a heavy run upon it by the depositors. It is generally believed that the bank can meet its obligations and that the suspension will be of short duration. Run Upon a Savings Bank. SUNCOOK, N. H., Dec. 11-The excitement at the China bank has subsided. The liabilities to depositors are $160,000 and convertible securities $152,000; cash on hand $8000 or $9000 The commissioners have not yet completed their investigation but will employ an expert and are confident the bank will pay dollar for dollar to all depositors. A New Mexico Bank Closed. DENVER, Dec. 11.-An attachment was levied today against C. P. Crawford, a banker of Silver City, N. M., amount involved $40,000. The Grant County Bank of Silver City closed today and an assignee has been appointed. The Attachment Against the Graphic Company. NEW YORK, Dec. 11.-James W. Hinkley, managing director of the Graphic Company, stated today in regard to the attachment against the company reported applied for, that Ernest C. Brown was the Chicago agent for some time and his accounts recently snowed a deficiency of $8000 or $9000 which he could not explain to the company, so he was discharged and this affair was the outcome; also that the company had no liabilities which it could not meet. Operations to be Resumed at Once. PARIS, Dec. 11.-At a cabinet council today Premier Ferry stated that he had telegraphed Admiral Courbet to resume operations with the utmost vigor. Other Matters. NEW YORK, Dec. 11.-Charles Fox's Son & Co., carpet manufacturers, have assigned with preferences of $92,785. ST. LOUIS, Dec. 1.-The H. S. Falter manufacturing company assigned today. Liabilities $75,000.

3. December 12, 1883 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, December 12, 1883

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NEWS IN BRIEF. Boston, December 11.-City's vote complete for mayor: Martin, 27.446; O'Brien, 25,989. Pittsburg, December 11.-The strike inGamble & Risher's coal mines, of the third pool, is nearing an end. Mansfield, La., December 11.-Sheriff Alfred Sout, of Sabine parish, was killed by J. H. Ware. The murderer was arrested. Denver, December 11.-Payne, Potter & Co.'s general store, Georgetown, N. M., burned yesterday. Loss, $10,000; insurance, $29,000. Philadelphia, December 11.-Edward Heald, manufacturer of cotton and woolen goods, suspended. Liabilities, $45,000; assets, $30,000. Providence, December 11.-The Quidneck Company have voted to sell all their real estate, mills and machinery at public auction January 11th. Wordester, Mass., December 11.-Chas. G. Reed, citizens' candidate, was elected mayor over S. E. Hildreth, present incumbent. The city votes for license. St. Louis, December 11.-The number of building permits granted here the past year was 3762; value of buildings erected and improvements made, $10,500,000. Harrishurg, Pa., December 11.-The State Grange of Pations of Husbandry met in annual session this evening. They were welcomed to the capital by the Governor. Charleston, S.C., December -Mayor Continuary was elected. The Democratic nomanees for agence and members of school board were elected without RUPAsition. Suneook, N. H., December 11.-The run our the China Bank has somewhat suhsided. Liabilities to depositors in convertible securities, $15,200; cash on hand,

4. December 12, 1883 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, December 12, 1883

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TELEGRAPHIC BREVITIES, Senator Tabor is on the way to San Francisco. Senator Jones of Nevada is at the Hoffman House, New York. The British Parliament will be further prorogued until February. Tennyson's title will be " Baron Tennyson Drincourt of Aldworth." It is reported that Parnell will probably decline the testimonial fund. Carl Schurz has dissolved connection with the New York Evening Post. A mass meeting of O'Donnell sympathizers was held on the West Side, Chicago, Monday. Four inches of snow in Saltillo, Mexico, has alarmed the superstitious. The fall of snow was unprecedented. It is reported that the body of Hicks Pasha has been found, one hand grasping a sword and the other a revolver. The case of ex-Senator Kellogg, indicted in connection with the star routes, goes over to the next term of Court in Washington Big Bill Kinney, who was acquitted of murder at West Union, W. Va., Monday, was taken from the jail by a mob and hanged. In consequence of a run for which no cause appeared, the China Savings Bank at Suncook, N. H., closed its doors temporarily Monday. The call of States Monday in the House of Representatives reached Massachusetts. An average of seven bills to each member was introduced. Amos Webster, Chief Clerk of the Treasury Department, has tendered his resignation as AdjutantGeneral of the militia for the District of Columbia. At a meeting of Liberal workmen at Torquay, England, a motion to petition the Government for the commutation of 'Donnell's sentence was defeated. There is great excitement at Suakim in consequence of expected night attacks. The English gunboat Ranger is throwing rockets over the town to scare the rebels. C. P. Crawford, a banker at Silver City, New Mexico, has been attached for $40,000. The Grant County Bank, also at Silver City, has closed and an assignee has been appointed. The agent in Rome of the French Government has applied to the Italian Steamship Company for steamers for the Tonquin service. The company refused to grant the application. Lord Coleridge writes that Gladstone is very anxious that some one should write a really good book about Americans, but as for himself (Coleridge) he even shrinked from writing magazine articles. A Paris correspondent says: " After the vote on Monday on the Tonquin credit bill, China must abandon all hope of France retreating. The time has come for the neutral powers to dispel the illusions of the Chinese, and urge upon China the necessity of conciliation." The steamship Plantyn, fears of the loss of which have been felt for several days past, as she has not been heard from since she sailed from New York on November 13th, is safe. The agents received a dispatch stating that she had put into Londonderry disabled. Rev. Dr. Wilson, for attending Salvation Army meetings, was dismissed from the curacy of St. George's Cathedral at Kingston, Ontario. Members of the congregation are signing petitions for the doctor's reinstatement, and others threaten to leave the church if the doctor returns. The Austrian bark Josif arrived at New Orleans Monday from Capetown, South Africa. She left Capetown on October 15th, and as a part of her freight has twenty-three ostriches, all of which reached New Orleans alive. The birds will be taken to an ostrich farm near San Diego, Cal. The Government Inspector of Explesives at London says of the explosions on the Metropolitan Underground Railway: The dynamite charges were dropped from the train. In the Praed-street case the charge exploded prematurely. The outrages have a distinct connection with the outrages at Glasgow and elsewhere. The announcement that the twenty-five years' compact had been signed in New York between the Union Pacific, Rock Island, and Milwaukee and St. Paul roads is accepted in Chicago as a fact. It is looked upon by the other members of the Iowa pool as a culmination of the policy of the St. Paul road, outlined by it when it gave its first notice of intention to withdraw from the combination one month ago.

5. December 13, 1883 New-York Tribune New York, NY
Article from New-York Tribune, December 13, 1883

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THE SUSPENDED BANK AT SUNCOOK. SUNCOOK, N. H., Dec. 11.-Theexcitement in the case of the China Savings Bank, upon which a run was previously reported, has somewhat subsided. The liabilities to depositors are $160,000. The convertible securities are valued at $152,000. and the cash on hand is $8,500. The Commissioners will employ experts to examine into the bank's affairs. They are confident that the bank will be able to pay dollar for dollar to the depositors.

6. January 10, 1884 The Northern Pacific Farmer Wadena, MN
Article from The Northern Pacific Farmer, January 10, 1884

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# Miscellaneous News Items. The exports from the port of New York for the year ending Nov. 30, 1883, of domestic animals and fresh meats are as fellows: Beeves, 63,675 head, value, $6,769,602; sheep and larabs, 24,447 head, value, $210,386; hoes, 66 bead, value, $1 749; horses, 510 head, value, $161,751; mules, 2,354 hea", value, $203,661; dressed beef, 86,631,368 pounds, value, $8.928 308; mutton, 2.531,289 pounds, value, $230,267. Minnesota has pledged an attendance of 300 teachers at the National Teachers' convention, soon to assemble at Madison, Wis. This is the greatest number pledged by any state in the Union, considering population and the number of teachers. It is halt as many as has been pledged by all of New England. and as many as Ohio, Ilinofs or Iowa, which have much larger populations and a greater number of teachers. The democratic members of the Ohio legislature caucused for officers the 5th inst., resulting: Senate-Elmer White, Defiance county, president pro tem; C. N. Valland-ingham, Montgomery, Clerk: Charles Negley, sergeant-at-arms. House-A. D. Marsh, speaker; David Fisher, Hard n, clerk; J. M. Penister, Ross, sergeant-at-arms. This is the slate of the Payne men. Putman & Phelps of Boston have assigned all their joint and separate estates for the benefit of their creditors. Liabilities, $275,000; assets, $225 000, consisting of personal property in and about the tannery, unencumbered real estate and tannery build. The failure of Dietrich & Co., wholesale bag and canvas manufacturers, San Francisco, is announced. Liabilities, $376,000; assets, $348,000. They owe in New York. A soldier named Kesth was shot and killed by a guard named Uhluver at Fort Keogh, the 21 inst. Kesth resisted one sentry, and was shot by the one on the next post. W. E. Phelps & Co., of Elmwood, Ill., operators in coal mines and machine shops, have made an assignment. Liabilities, $70,000; assets of an equal amount. The people around New Iberia, La., rejoice over Joe Jefferson's new Angus and Holstein cattle, and everybody is going to have his stock improved. There are thirty saloons in Agate Bay, most of which have no license, and a United States marshal has gone to bring the proprietors to time. A. C. Jacobs, general merchandise, Henrietta, Tex., has assigned to G. A. Archland. His liabilities are $17,000 and assets unknown. George Rothmuller, editor of the New York Figaro, has been sued for $200,000 libel by Gustave Amberg of the Thalia theater. The site of Fort Clark, Tex., embracing 2,400 acres, has been bought by the government for $100,000. D. J. Burke of School River, Fla., has thirty-five boys and four girls. He married five times. The prophets have decided that 1884 will bristle with dangers and greans with disasters. St. Paul's building record for the year aggregates 3,567 buildings, costing $8,240,450. The fight over the W. G. Fargo estate, Buffalo, has been settled amicably. The China Svings, the only bank at Suncook, N. H, has tailed. Minneapolis had 1,647 deaths last yea against 1,601 in 1882. Memphis has funded $3,500,000, of her $5,000,000 debt. Putnam & Phelps, Boston, assign for $275, 600. Philadelphia built 3,737 new buildings last year,

7. January 11, 1884 The Pioneer Express Pembina, ND
Article from The Pioneer Express, January 11, 1884

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Article Text

Miscellaneons News Items. The exports from the port of New York for the year ending Nov. 30, 1883, of domestic animals and fresh meats are as fellows: Beeves, 63.675 head, value, $6,769,602; sheep and lambe, 24,447 head, value, $210,386; hoes, 66 head. value, $1,749; horscs, 510 head, value, $161,751; natiles, 2,354 head, value, $203,661; dressed beef, 86,631,368 pounds, value, $8,928,308; muttop, 2.531,289 pounds, value, $230,267. Minnesota has pledged an attendange of 800 teachers at the National Teachers' canvention, soon to assemble at Madison, Wis. This is the greatest number pledged by any state in the Union, considering population and the number of teachers. It is half as many as has been pledged by all of New England. and as many as Ohio, Illinofs or Iowa, which have much largar populations and a greater number of teachers. A soidier named Kesth was shot and killed b7 a guard named Uhluver at Fort Keogh, the 21 inst. Kesth resisted one sentry, and was shot by the one on the next post. W.E. Phelps & Co., of Elmwood, Ill., operators in coal mines and machine shops, have made an assignment. Liabilities, $70,. 090; assets of an equal amount. The people around New Iberia, La., re joice over Joe Jefferson's new Angus and Holstain cattle, and everybody is going to have his stock improved. There are thirty saloons in Agate Bay, most of which have no license, and a United States marshal has gone to bring the proprietors to time. A. C. Jacobs, general merchandise, Henrietta, Tex., has assigned to G. A. Archland. His liabilities are $17,000 and assets unknown. The site of Fort Clark, Tex., embracing 2,400 acres, has been bought by the government for $100,000. D. J. Burke of School River, Fla., has thirty.five boys and four girls. He married five times. The prophets have decided that 1884 will bristle with dangers and groans with disasters. St. Paul's building record for the year aggregates 3,567 buildings, costing $8,240,450. The fight over the W. G. Fargo estate, Buffalo, has been setiled amirahly. The China S vings, the only bank at Suncook, N. H, has tailed. Minneapolis had 1,647 deaths last year against 1,691 in 1882.