1397. Hartford Bank (Hartford, CT)

Bank Information

Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
state
Start Date
August 16, 1893
Location
Hartford, Connecticut (41.764, -72.685)

Metadata

Model
gpt-5-mini
Short Digest
6e97161bd2649708

Response Measures

None

Description

Newspaper accounts (Aug 1893) report 'failure' and that the bank 'closed its doors' because of 'constant withdrawal of deposits and inability to realize upon loans' and heavy real-estate/mortgage exposure. This indicates deposit withdrawals (a run) precipitating suspension and permanent failure. No explicit mention of a receiver in the excerpts, but closure is reported as a failure.

Events (2)

1. August 16, 1893 Run
Cause
Bank Specific Adverse Info
Cause Details
Constant withdrawals by depositors driven by inability of the bank to realize on real-estate and mortgage loans; heavy withdrawals precipitating a run.
Newspaper Excerpt
constant withdrawal of deposits
Source
newspapers
2. August 16, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed its doors (failure) due to inability to realize on loans and persistent withdrawals; heavy exposure to real-estate mortgages during a credit contraction.
Newspaper Excerpt
failure of the Hartford bank... reason assigned for closing its doors is 'constant withdrawal of deposits and inability to realize upon loans.'
Source
newspapers

Newspaper Articles (3)

Article from Arizona Silver Belt, August 19, 1893

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Article Text

The Photaix Gazette of the 16th announces the failure of the Hartford bank, of that city. It was established in 1887, upon a capital of $100,000. The reason assigned for closing 10# doors is "constant withdrawal of deposits and inability to realize upon loans." Another reason, not officially stated, is a plethora of real estate and loans upon mortgages on city lots and farms, which cannot be realized on during the present derth of the circulating mediums.


Article from Arizona Weekly Journal-Miner, August 23, 1893

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Article Text

pears to be the "black sheep Kentucky chivalry. e d Nero fiddled, and Grover Clevea land- he went fishing. would not be surprising should in It democratic party find itself the the hands of a receiver before the close of the Fifty-third Congress. out g prommissory note it has by will Every before then be protested the public bank. What use has the democratic maof the House for such com cumjority bersome things as rules and much anyway? It will be mieasier mittees, to keep the republican nority out of its rights without them. For the man who deserts his post the face of danger, the entire civilized in world feels only contempt. The penaly according to oblivion. military law is death; in politics, If the mouths of some people few could be permanently closed, a more mills might remain open. The President should try to control his temper, just as every one else should. Fretting and fuming is more becoming to the President no than to a child, and it is more calculated to make him enemies than friends. We are glad the responsibility for the cholera and the yellow fever cannot be placed upon the democratic party, which already carries a load that is slowly but surely crushing its life out. . Did Congressman Rayner, of Maryland, speak for the administration when he said of the Chicago intim- platform: "I am not blinded nor of idated by the glittering words a convention declaration?" There seems to be some sort of affinity between the fire which destroyed $3,000,000 worth of propertv in Minneapolis and the democratic party. There is danger that the checks and scrip now being used similar as curmay produce results wildrency those which followed the old to cat and red-dog currency of the state banks. Those who issue such should consider well the resposibility they assume. Perhaps Mr. Cleveland thought that a perusal of his last term pa of pers might make a mugwump the Pope. Congress must believe that Lieut. of p Totten is right and that the end fl the world is at hand, or it would b get a faster move on itself. P Senator Hill had not up to the hour of going to press telegraphed resi to Gray Gables for information garding the President's health. the The delay in announcing the committees of the House may be inten- who di tional. There are democrats the a wish the tariff let alone for be fa present, and Speaker Crisp may Ways of them. Without the bill th and one Means committee no tariff ap can easily get before the House. m It begins to look very much as if pr not what is wanted by any bi it was or set of men, in a financial C measure, man but what can be gotten that from a majority of Congress DI will escape a Presidential veto, that must be worked for. de ba Administration democrats in Conth are displaying a wonderful amount gress of confidence in banking the assistance of republicans, of upon o save them from a majority heir own party. Rev. Dr. Parkhurst has got his second wind and started in He for A another bout with Tammany. the leserves to win. que Re Arizona has broke her financial has N ecord, and the Hartford Bank zon kewise broke several alfalfaites. con Carlisle's national bank order has pai silent effect on our local democraber as they were wont to discuss time who y, tate bank schemes a short app sion go. The only failure in this section of is temporary embarrassment As he P. & A. C. telegraph line. "run" on he as the rains close their will resume. well known hunter, of the DemWe cratic A pursuasion, writes us will to "if a revision of the tariff righ two fect now the county bounty on bear kno this calps." Dispatches sent out from Conare very lonely in mentioning ress name of Mark Smith in the H e ver discussion. Get on record, can Min ark. from Phenix say that We has " Reports l estate is on the rise there. of ould judge so, since a big pile the rati went up in the Hartford bank, ness our Since lure. the baby has been born, on is just a little chuckle of conlike with ere tment noticed in Prescott on rope countenances of some ambitious d office seekers. sche democratic paper in Connectitells its readers "there is no from to howl hard times when a the died son rel of flour can trouble be bought for


Article from Arizona Weekly Journal-Miner, August 30, 1893

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Article Text

The Gazett's special edition did not go up in the Hartford Bank failure, as reported. The Gazette speaks of the general who stability of its section. Well, wouldn't. $1,200. Hughes has established his is ratio of appointments for Arizona. It 16 to 1 against the north. Will Bruce please acno usdo 400 the a Dunbar, of the Gazette, has in moved into his new brick residence Phenix. Further comment is unThe necessary. Gazett's recent attack on O'Neill and Behan, of Yavapai, is of only done to shield its own band political looters, from Governor down to that special odition. Southern Arizona papers say that and with "free coinage, statehood capital we will be prosperous." Correct for once, but you overlooked the earth. W. K. Meade voted to give the Gazette $1,200 for that special 001 'swees 1! se Juunj SE pue the Gazette is now tooth and nail against him. The old story. Every business man in Prescott in and northern Arizona is a unit "repolitical belief. We want a That's one vision of that license law." the issue. Is it possible that Hughes is following in the "pardoning" footof Zulick. We are and holding steps breath for his next break, snon our will it be a case this time of "innocPersonally, W. K. Meade is very popular in the north, but there some- are democrats here who are even what emphaticin their expressions of him in his tyranical ideas of giving out justice, politically. Labor and factories may be idle in the east, but the democratic orin southern Arizona are grind- slick gans out just the same many a ing white dollar that we poor folk up here will have to pay for some day. There is said to be a boom on for at the next you needn't agitate the out of the ice wagon, so early. A well known Prescott democrat to said that politicians may try belief has hoodwink the pople into a that silver is the cause of the pres- the panic, but he believes that the ent hostility of his party to lack of quenbesuoo oqf and United uodo confidence given to manufacturers, is really where the trouble lies. it not a significant fact that -un agreest peptam S! Party E when $I itself, there must be something doubtedly wrong on the inside. two Just gaze on the picture of southern of democracy in the wings Arizona knifing each other to death. Republicans do not figure, and there is no issue politically. It is a case of boodle. Elsewhere in to-day's issue is a communication from Buckey O'Neill his World's fair matters during Ari on administration of its affairs, in The Gazette has seen fit rezona. cently to assail him, as it does everything else that it cannot han- This dle, in its greed for plunder. as well as our present executive, paper, will now have an opportunity to rise and explain. One of the unjust acts that the is last legislature passed, and which a the present time receiving at "panicky" expression in sta- language, that license law. The poor who is keepers of the county hand tion a few bottles of elixir on keep of crackers for the con-