Wolfeboro Savings Bank - Wolfeboro, NH

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: savings bank
Start Date: October 24, 1893
Location: Wolfeboro, New Hampshire (43.584, -71.207)

Metadata

Model: gpt-5-mini
Short Digest: 629428b2

Response Measures

Full suspension

Other: Bank was enjoined from doing business by State Bank Commissioner (injunction by judge).

Description

Article (New-York Tribune, 1893-10-25) reports large numbers of withdrawal notices and that the Bank Commissioner enjoined the Wolfeboro Savings Bank from doing business (injunction issued Oct 24). A run (heavy withdrawals) led to a suspension by government action. The article gives no information about reopening or permanent closure, so outcome is uncertain.

Events (2)

1. October 24, 1893 Run

Cause Details: Large number of withdrawal notices by depositors reported; article does not specify explicit trigger (rumor, bank insolvency, or correspondent failure).
Newspaper Excerpt: the large number of notices of withdrawal of funds filed by depositors
Source: newspapers

2. October 24, 1893 Suspension

Cause: Government Action
Cause Details: Court injunction issued by Bank Commissioner (Judge Smith) enjoining the bank from doing business because of heavy withdrawal notices.
Newspaper Excerpt: The Wolfeboro Savings Bank ... was yesterday enjoined from doing business by Bank Commissioner Baker. The injunction ... was made necessary by the large number of notices of withdrawal of funds filed by depositors.
Source: newspapers

Newspaper Articles (1)

1. October 25, 1893 New-York Tribune New York, NY

Article from New-York Tribune, October 25, 1893

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Article Text

BUSINESS TROUBLES EAST AND WEST. THREE BOSTON FIRMS PETITIONED INTO INSOLVENCY-BIG MORTGAGES EXECUTED BY THE DE PAUWS. Boston, Oct. 24.-The National City Bank of Boston has petitioned into insolvency the firms of Creesey & Noyes, Andrew F. Leatherbee & Co., and William H. Leatherbee & Son. All three firms were interested in the affairs of the Little Kanawha Lumber Company, which in June went into the hands of receivers. As a result of this receivership the three concerns assigned: Providence, R. I., Oct. 24.-The Italian banking house of Tommaso Conti & Co. is in trouble. There was recently a run on the firm by laborers who wanted to go to other cities, and the suspension of the Canal Street Bank, in New-York, where the firm kept its accounts, made it necessary to stop payments. Sixty per cent of the deposits have already been paid, and notes to cover the rest have been given. Concord, N. H., Oct. 24.-The Wolfeboro Savings Bank, of Wolfeboro, one of the oldest financial institutions in the State, was yesterday enjoined from doing business by Bank Commissioner Baker. The injunction, which was issued by Judge Smith, of the Supreme Court, was made necessary by the large number of notices of withdrawal of funds filed by depositors. Louisville, Oct. 24.-There were placed on record here to-day mortgages in favor of creditors, amounting in the case of N. T. Depauw and the Depauw Plate Glass Company, of New-Albany, Ind., to $250,000, and in the case of the W. C. Depauw Company to $379,000, thus tying up the whole of the Depauw estate. rated three years ago to be worth a round $4,000,000. San Francisco, Oct. 24.-Sheriff McDade yesterday levied another attachment on B. Feighbaum & Co., toy merchants. The attachment was made by Schafer Brothers, who allege that the defendants owe them $17,300 on promissory notes executed on October 2. Most of the indebtedness of the firm is to local creditors.