1414. Eastern Bank (Killingly, CT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 30, 1854
Location
Killingly, Connecticut (41.831, -71.850)

Metadata

Model
gpt-5-mini
Short Digest
614157be34726cc3

Response Measures

None

Description

Articles (Apr–May 1854) report the Eastern Bank of Killingly is in the hands of receivers who are advertising dividends to bill-holders and paying 65 cents on the dollar beginning May 1. This indicates the bank had failed and is in receivership (permanent closure) rather than a mere temporary suspension or an isolated run. OCR minor variations corrected (e.g., 'West Killingly' and 'Windham Co. Bank at Brooklyn' are references to payment locations). No article describes a depositor run or a reopening.

Events (2)

1. April 30, 1854 Receivership
Newspaper Excerpt
The receivers of the Eastern Bank, of Killingly, Conn., give notice that they will pay to the bill holders whose claims have been allowed, a dividend of sixty-five cents on the dollar, on and after the 1st of May.
Source
newspapers
2. May 1, 1854 Other
Newspaper Excerpt
The Receivers of the Eastern Bank at Killingly advertise that they will pay to bill-holders ... sixty five cents on the dollar, on and after the 1st day of May. The payment will be made at the Windham County Bank at Brooklyn.
Source
newspapers

Newspaper Articles (4)

Article from The Perrysburg Journal, April 3, 1854

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Article Text

EASTERN BANK.-Those having money on the Eastern Bank, West Killingly, Conn (and who is there that has none) will be interested in the following, which we clip from the Killingly Telegraph : "The effect of this acceptance is to exclude the claims of Messrs. Abernethy W. E. Chittenden to 1,735 shares of the stock, and to acknowledge the claims allowed by the receivers. Wc may add that the prospect now is that all claims of bill holders, depositors and stockholders, which were allowed by the receivers will ultimately be paid in full."


Article from The New York Herald, April 30, 1854

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Article Text

The receivers of the Eastern Bank, of Killingly, Conn., give notice that they will pay to the bill holders whose claims have been allowed, a dividend of sixty-five cents on the dollar, on and after the 1st of May. It is stated that they will be able to make a further dividend at a future time. The anthracite coal trade is still active, and prices firm. The shipments on the Lehigh Navigation, for the week ending on Saturday last, were 21,150 tons, and for the season, 55,181 tons. The Schuylkill Na igation Compamy, for the week ending on Thursday, brought down 22,762 tons, and for the season, 142,503 tens. The Reading Railroad Company, for the week ending at the same time, brought down 37,171 tons, and for the year, 563,400 tons. The supply from the Schuylkill region, over that brought down to the same time last year, is 163,000 tons. The Lehigh region is still something short of its tonnage to the same time last year. The stock sales reported at the Stock Board, Cincinnati, and at private sale, by Hewson & Holmes, for the week ending Wednesday, April 26, 1854, were as fol.


Article from Litchfield Enquirer, May 4, 1854

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Article Text

The Receivers of the Eastern Bank at Killingly. advertise that they will pay to bill-holders whose claims have teen duly presented and allowed, ixty five cents on the dollar, on and after the 1st day of May. The payment will be made at the Windham County Bank Al Brookly


Article from The Daily Minnesota Pioneer, May 13, 1854

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Article Text

News Items. Mr. J. G. Eveleth formerly of New Gloucester, Me., has recently invented an iron pavement for streets, and sold out his interest therein to a New York company for $100,000. A correspondent of the Bath Tribune says he knew Mr. Eveleth seven years ago, when he was teaching school in Maine, during the winter season, at thirty dollars a month, in order to pay his term bills at Bowdoin College. Seven thousand Firemen marched in the funeral procession of their deceased comrades-the victims of the casualty at the recent fire in Broadway, New York, by which thirteen lives were lost. The houses of the various engine, hose, hook and ladder and hydrant companies, were hung in black, the flags on the public buildings were at half mast, and many stores on the route of the procession were draped in mourning. Died-at Jacksonville, East Florida, of scarlet fever, April 2d, Elliot Smith, 11 years and 6 months April 7, Lewis Franklin, aged 26 years; April 9, Charles Carroll, aged 22 years; April 10, Alexander Mongin, aged 28 years, and Robert Walker, aged 31 years, all children of George A. and Mary C. Turknett, formerly of Richmond county, Georgia, all brothers, and all dying in a single week. The Depaty United States Marshal on the 1st inst., made a descent on a den of bogus manufacturers in Albany, New York, seized $1,100 in bogus coin and caught three persons in the act of coining it. The bogus consisted of 10c., 25c., 50c. and $5 pieces. The fare between Detroitand Buffalo over the Great Western Railroad, has been reduced to five dollars Yesterday a second train was added to accommodate the increasing travel. The Michigan Central Railroad Steamboats on Lake Erie now charge but two dollars, berth and meals extra, from Detroit to Buffalo. The tide of travel this season bids fair to outstrip that of any year preceping. We learn by the Peoria News, that during the storm on Tuesday afternoon, two brothers named John and William Jones, living about nine miles southwest of Peoria, were killed. They had taken refuge from the hail under a tree, which was struck by lightning.They both leave families. The steamer Pennsylvania collapsed a flue on the 5th inst., near Bordentown, Pa., Killing Win. White, fireman, Owen O'Meally, drover, and two others, unknown; badly scalding several others. The Receivers of the Eastern Bank at Killingly, advertise that they will pay to the bill-holders whose claims have been duly presented and allowed, sixtyfive cents on the dollar, on and after the first day of May. The payment will be made a! the Windham Co. Bank, at Brooklyn. In the case of George P. Southwick against the city of Boston, a verdict was given for the plaintiff, fixing the damages at $12,000. Mr. Southwick fell into a cellar way in Congress Square, breaking his back, and sued the city for damages. The election in Iowa takes place on the first Monday of August, and is the next to occur. The Whig candidate for Governoris Mr. J. W. Grimes, of Burlington. A United States Senator is to be chosen by the Legislature about to be elected, in place of Gen. Dodge, whose term of service expires on the 4th of March next. We learn (says the Catskill Whig) that Johnson, the Saugerties clergyman who has recently been deposed by his church, has been arrested and commit ted to prison, for drowning his wife and child last fall. Circumstances are brought to light which render the case clear enough to warrant a commitment. An extra from the office of the San Antonio (Tex.) Ledger, dated the 17th of April, gives intelligence that Mr. Gallagher's Ranche, about 23 miles from that city, had been attacked by a party of Camanche Indians, who killed an American named Forrester, knocked his wife down with clubs, and probably killed four of their children; they also killed or carried off a man named Shepperd, and his wife, and a large number of sheep. Parties had been sent out in purI suit of the Indians. The amount of gold and gold dust which arrived I t at New York from Calitornia, as per manifest, during the last month, was $3,468,912. i