Article Text
Suspended Payment. CAMDEN, N.J., May 2.-The Fidelity Surety Trust and Safe Deposit Company suspended payment this morning. Charles L. Work, president of the Gloucester National Bank, which suspended yesterday, was also its president.
13994. Gloucester National Bank (Gloucester, NJ)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Start Date
- May 1, 1890
- Location
- Gloucester, New Jersey
Metadata
- Model
- gpt-5-mini
- Short Digest
9aec7424
Response Measures
None
Description
Multiple contemporary newspaper reports (May 2, 1890) state the Gloucester National Bank suspended yesterday. No article describes a depositor run or any reopening; the immediate cause is not given in these clippings. I infer a suspension on 1890-05-01 and, lacking evidence of reopening, classify as suspension_closure while noting this is uncertain from the provided texts.
Events (1)
1.
May 1, 1890
Suspension
- Cause Details
- Contemporary reports state the bank suspended but give no explicit cause in these articles.
- Newspaper Excerpt
- Charles L. Work, president of the Gloucester National Bank, which suspended yesterday, was also its president.
- Source
- newspapers
Newspaper Articles (10)
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Article Text
More Bank Failures. ATLANTIC CITY, N. J., May 2.-The Merchants' Bank suspended payment this afternoon, on account of a run caused by the reports that several of their branches in the neighboring towns suspended on account of the suspension of the Bank of America, in Philadelphia. The deposits are estimated at $50,000. CAMDEN, N. J., May 2.-The Fidelity Security Trust Safe Deposit Company suspended payment this morning. Charles L. Work, president of the Gloucester National Bank, which suspended yesterday, is also its president. The company had only a small line of deposits. Its business was mainly fiduciary.
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Article Text
Trust Company Suspends. CAMDEN, N. J., May 2.-The Fidelity Surety Trust and Safe Deposit Company suspended payment this morning. O. L. Work, President of the Gloucester National Bank, which suspended yesterday, WAS also the President of this company.
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BRIEF TELEGRAMS. PARIS, May France says that Boulanger will return to France on Sunday and demand another trial. LONDON. May 2-A dispatch from Lisbon says the Portugése government favors a proposition to arbitrate the questions arising from the seizure of the Delagoa Bay railway. CAMDEN, N. J., May e.-The Fidelity Surety, Trust and Safe Deposit company suspended payment this morning. Charles L. Work, president of the Gloucester Nantional bank, which suspended yesterday, is also its president. LONDON, May 2. - Newmarket first spring meeting, 1,000 guineas, for three-year-old fillies: mile and 11 yeards. Won by the Duke of Portland's Semolina. Same owner's Memoir second. Baron de Rothehild's third. Ten starters. NEW YORK, May 2.-S. S. Swartzkopt, who represented himself as the agent of the Mutual Life and Equitable Life Insurance companiés and committed suicide at San Francisco, Is said here not to have been in their employ for solue time. He has relatives here who are greatly distressed by his tragie death. SAULT STE. MARIE, May 2-A hard fought battle occurred last night at the city hall when Black Frank, champion middleweight of the northwest, and Black Diamond were matched. Twelve rounds were fought, the men paying no attention to the referee and hammering each ot her without regard to the length of the rounds. After the 12th round the police interfered and the battle declared a draw. Both were badly punished.
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A Trust Company Fails. CAMDEN, N.J., May 2.-The Fidelity Surety Trust and Safe Deposit company suspended payment this morning. Chas. L. Work, president of the Gloucester National bank, which suspended yesterday, was its president,
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Another Brick in the Row. CAMDEN, N. J., May 2.-The Fidelity Surety, Trust and Safe Deposit Company suspended payments this morning. Charles L. Work, president of the Gloucester National Bank, which suspended yesterday, was also its president.
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The Fourth Bank Fails. CAMDEN, N,J., May 2.--The Fidelity Surety Trust and Safe Deposit Company suspended payment this morning. C. L. Work, President of the Gloucester National Bank, which suspended yesterday, was also President of this.
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BUSINESS FAILURES. Two Jersey Banks Collapee-Old Shirt Firm Embarrasted. CAMDEN, N. J., May 2-The Fidelity Surety. Trust and Safe Deposit Company suspended payment this morning. Charles L. Marks, president of the Gloucester National bank, which suspended yesterday, is also its president. The company had only a small line of deposits, its business being mainly fiduciary. ATLANTIC Ciry, N.J., May 2-The Merchants' bank suspended payment this afternoon on account of a run caused by reports that several branches in neighboring towns had suspended. Philadelphia deposits are estimated at $50,000. NEW YORK, May 2.-Fechheim & Co., shirt manufacturers, have failed. The liabilities will reach $375,000. and the assets about $275,000. The house has been in business twenty-five years.
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Failure of a Trust Company. CAMDEN, N. J., May 2.-The Fidelity Surety Trust and Safe Deposit Company, suspended payments this morning. Charles L. Work, the president of the Gloucester National Bank, which suspended yesterday was also its president.
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Article Text
Another Bank Suspends, CAMDEN, N. J., May 2-The Fidelity Trust and Safe Deposit company susCharles pended payment this morning. L. Work, president of the Gloucester National bank, which suspended yesterday, was also its president.