14202. Newark Savings Institution (Newark, NJ)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
May 21, 1904
Location
Newark, New Jersey (40.736, -74.172)

Metadata

Model
gpt-5-mini
Short Digest
720549c6

Response Measures

None

Description

Multiple articles (May 21, 1904) report the Newark Savings bank was closed and a receiver appointed pending investigation of alleged discrepancies/shortages by the cashier. No article describes a depositor run; receiver appointed indicates formal closure/receivership.

Events (2)

1. May 21, 1904 Receivership
Newspaper Excerpt
The Newark Savings bank was closed today and a receiver appointed pending an investigation of alleged discrepancies in the accounts of the cashier. Assets $170,000; liabilities $200,000, it is stated.
Source
newspapers
2. May 21, 1904 Suspension
Cause
Government Action
Cause Details
Bank closed and a receiver appointed pending investigation of alleged discrepancies/shortage in cashier's accounts.
Newspaper Excerpt
The Newark Savings bank was closed today and a receiver appointed pending an investigation of the alleged discrepancies in the accounts of the cashier.
Source
newspapers

Newspaper Articles (6)

Article from The Laramie Republican, May 21, 1904

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Article Text

IN RECEIVER'S HANDS. Newark Bank Suspends While Investigation Proceeds. Newark, N. J., May 21.-The Newark Savings bank was closed today and a receiver was appointed pending an investigation of the alleged discrepancies in the accounts of the cashier. The assets are $170,000 and the liabilities $200,000, it is stated.


Article from Durango Semi-Weekly Herald, May 23, 1904

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NEW JERSEY BANK CLOSED. -0NEWARK, N. J., May 21.-The Newark Savings bank was closed today and a receiver appointed pending an investigation of alleged discrepancies in the accounts of the cashier. Assets $120,000; liabilities, $200, It is stated.


Article from Barton County Democrat, May 27, 1904

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LATEST TELEGRAPTIC NEWS. New York, May 23d.-David Rothschild, president of the defunct Federal National Bank, was sentenced to nine years in Sing Sing today after a conviction on the charge of grand larceny. Columbus, Miss.. May 23.-While attempting to save a companion who had waded too far into the Tombigbee river, on Sundayy Laura Walton, aged 15, and Lena Hillyard aged 15, were drowned. The two girls were college students. Washington, D. C., May 21.-The state department today handed to George Perkins, Pierpont Morgan's representative, a treasury check for nine million dollars, being the balance on ten millions the United States agreed to pay the Panama Republic. London, May 21st.-The St. James Gazette today reports that the cruiser Bogatyr has been lost at Vladivostok. The cruiser, the paper says, grounded, and later when seen to be in a bad condition, was blown up to prevent falling into the hands of the Japanese. St. Petersburg, May 23d.-It is admitted in official circles that the armored cruiser Bogatyr was blown up by the Russians at Vladivstok after striking the rocks. This leaves the armored cruisers Rossia, Gromoboi and Rurik the only important warships there. Chicago, May 23.-Speaker Joe Cannon is said to be grooming a dark horse for governor of Illinois, to be trotted out when the convention assembles again on the 31st. Some of the party leaders express considerable alarm over this threatened move of Speaker Cannon. Manilla, May 23rd.-The report that the bubonic plague in India appears beyond control is causing much apprehension here. It is feared the disease will spread to the Philippine Islands, and extraordinary precautions are being taken to prevent such an occurrence. Newark, N. J., May 21st.-The Newark savings bank was closed today and a receiver appointed pending an investigation of alleged discrepancies in the accounts of the cashier. The assets are a hundred and seventy thousand and the laibilities are two hundred thousand it is stated. Topeka, Kas., May 21st.-It is stated on good authority that the boilermakers on the Santa Fe may join the machinists in their strike within thirty days. It is also predicted that the brotherhood of locomotive engineers might follow, as they decline to take out locomotives not repaired by union machinists. St. Petersburg, May 21st.-News reached here today of a minor Russian victory near Port Arthur. General Stoessel, chief of staff, sallied forth to protect a train bringing ammunition and a skirmish with the Japs resulted in the latter's retirement. The train arrived safely. The date of this event is not given. Manilla, May 23rd.-News reached here today of a massacre on May 13th, of fifty-three Filipino men, women and children, who were employed by the military government at Malabang, island of Mindano, by a band of Moros. The Moros were led by Datto Alis. The victims were butchered while they slept. Rome, May 23rd-At a meeting of the College of Cardinals held today it was unanimously decided that the papal secretary of state, Cardinal Merry Del Val, must retain his post at least until the rupture he has created with France is arranged. The pope today granted Cardinal Satolli permission to start for America on Friday. Tokio, May 23rd.-Newsof a fourth blow to the Japanese navy recived last week was made public today. In a dispatch from Admiral Togo in


Article from Alexandria Gazette, July 29, 1904

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TELEGRAPHIC BREVITIES Professor Sonnenburg successfully operated upon the California sugar king, Rudolph Spreckles, for appendicitis at Carlsbad, yesterday. The Russian government has asked the police of Rome to watch all Russian exiles. The authorities at St. Petersburg suspect a wide international plot. In a head-on collision this morning at 6:30 o'clock on the Pennsylvania line at Sharon, Pa., engineer Robinson was instantly killed and Fireman McWilliams was probably fatally injured. President Ramsey, of the Wabash, today denied that the Wabash and Missouri Pacific would consolidate. He also said that he would continue at the head of the Wabash Railway system. W. G. Taafel, receiver of the Newark Savings Bank, committed suicide by drowning late Thursday night, his body being found in the Licking river early this morning. He is said to have worried over financial affairs. Admiral Barker has ordered a warship to transport the remains of Ensign James W. Clement, of South Carolina, from Trieste, Austria, to America. Ensign Clement, who was attached to the Kearsarge, died there of typhoid fever. Governor White, of West Virginia, has ordered out two companies of the State militia for the protection of the negro, George Williams, who is to be tried next Tuesday in the Circuit Court of Jefferson county for criminal assault. Earl Card, president of the Medina, N. Y., National Bank, has been placed under arrest on the charge of having misappropriated to his personal use money in the custody of the bank belonging to depositors in the institution. The coal handling and storage plant at the Portsmouth, N. H., navy yard was destroyed by fire last evening, entailing a loss of $125,000. There were about 6,000 tons of coal in the building. The building hadnot been formally accepted by the government, although the contractors had been paid. The Merchants and Miners line steamer Howard, Captain Ryan, from Baltimore for Boston, went ashore on Pollock Rip, Mass., early this morning in a thick fog. She was subsequently floated and proceeded to Boston. She had 100 passengers aboard and a large cargo. It is not believed that the ves. sel was damaged. W. J. Simms, a hotel man well known in Baltimore, Old Point and Norfolk died in Norfolk, Va., this morning. For many years he was connected with the Eutaw House, Baltimore, later with the Hotel Chamberlain, Old Point Comfort, and the Monicello, Nortolk. He was sick but two hours. A hemorrhage was the cause of death. He was 48 years old. The people of the town of Statesboro Ga., are greatly excited today over the discovery of the murder of Henry Hodges, his wife and three children, near that place, during the night. The bodies were not discovered until this morning. Robbery is believed to have prompted the deed. After killing the Hodges family, the burglars ransacked the rooms and in an endeavor to hide their crime, set the house on fire.


Article from The Herald-Advance, December 16, 1904

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# Resume of the News. Washington. Old soldiers are dying at the rate of 10 a day, according to Pension Commissioner Ware. This is a higher rate than ever before in the history of the pension bureau. The expense of conveying the votes of the electors for president and vice president to Washington amounts to $2,500, according to an estimate submitted by Secretary Shaw. There is a hint that Italy will give the United States a large statue of Caesar, to be placed in the grounds of the war college, where the heroic figure of Frederick the Great was unveiled. The bureau of equipment announced that sixteen naval stations at different ports of the United States have been equipped with the wireless system, nine others are equipped and will be manned in a few weeks. In a letter to Supt. Brownson of the naval academy, Secretary Morton expresses his emphatic disapproval of the efforts to influence the appointment of the midshipmen to certain ships and declares that personal worth and the good of the service alone must be the guides. List of Casualties. Nelson Jenks, an old soldier, who resided on a farm near Riceville, Iowa, fell from a load of hay and broke his neck, dying instantly. Damages of $30,000 were done to the Humboldt Herald and the Kansas Derrick company at Humboldt, Kan., by fire. It burned several stores. Seth Godfrey, L. F. Godfrey and Grover E. Eis were drowned while attempting to cross the Mississippi river at Muscatine, Iowa. Ice floats stove in their boat. Thomas B. Ayers and his wife, each aged 50 years, were run down and killed by a freight train near Meadow Grove, Neb. The bodies were found later by section men. Within sight of a score of companions, Ralph Adams, 16; Frank Bayless, 12; and Burdett Bleet, 11, were drowned while skating on the Lake of the Woods, near Decatur, Mich. Fire at Keokuk, Iowa, destroyed the Bell telephone exchange and damaged the Western Union Telegraph office and the public library. The fire was caused by an overheated furnace. A child was burned to death, two men were fatally burned, and two other men and one woman were seriously burned in a fire caused by the explosion of a keg of powder at Elk Run, Foreign. Count Peter Kapnist, Russian ambassador at Vienna, is dead from an epileptic stroke. A Greek band on Dec. 3 murdered twenty-four Bulgarians in the village of Aintos, near Sorovitch, Salonica. Temple's second periodic comet was observed on its return by the astronomer, M. Javelle, at Nice, on Nov. 3. The Servian cabinet has resigned on account of a disagreement between the ministers over the building of new railroads. John Sedrick of Butte, while returning home in company with an old man, was shot down by an assassin hid behind a tree. Sedrick's companion did not see the shooter. William Charles shot and killed James Smith at the home of the latter in the west part of Springfield, Ill. Charles escaped. Domestic troubles are assigned as the cause. Receiver A. A. Stacel of the Newark Savings bank has announced that the shortage of James F. Lingafelter in the savings bank, as disclosed by an examination of the books, is about $75,000. William Wenkstein, an inmate of the soldiers' home at Marshalltown, Iowa, committed suicide by hanging. His body was found in a lodging house in the city. No cause for the suicide is known. Richard A. Canfield pleaded guilty before Judge Cowing in New York to an indictment charging him with keeping a gambling house and was fined $1,000. His manager was fined the same amount. The appellate court at Frankfort, Ky., reversed the case of Caleb Powers granting him a new trial. He is under sentence of death, charged with complicity in the assassination of Gov. Goebel. Albert H. Brown, Joseph and Charles Ricker and Thomas Evans were given penitentiary sentences, having been convicted at Kansas City of using the mails to defraud. They came to Kansas City from St. Paul two years ago. That two young men found dead, locked in each other's arms, entered into an agreement to committ suicide simultaneously by gas, is the belief of the New York police. The men were James Gibbons and James Moran. Cracksmen effected entrance to the building of the Bank of Plymouth, and exploded two charges of dynamite on the vault. So far as can be learned no money was secured. Men with bloodhounds are following the burglars. Stewart A. Felton, the gambler who shot Gov. Roche, another gambler, in a crowded section of Broadway, New York, Thanksgiving evening, has been exonerated by the coroner's jury, which decided that he acted in self-defense. Karl Karrer, charged with robbing the Bank of Treynor, Iowa, pleaded guilty to the charge. He forced Miss Frances Flood, assistant cashier, at the point of a revolver to hand him $1,522 of the bank's funds. All but $100 was recovered. Out of 139 decoy prescriptions sent out by the state board of pharmacy to Chicago druggists to be filled, 29 contained no trace of the drug called for, and only 31 were pure. As a result the board will prosecute 100 druggists for selling impure drugs. Saying they were in fear of their lives when they made it, four white men, J. L. McKinney, W. R. McKinney, E. A. Donaldson and W. B. Adams, charged by the United States officials with robbing the postoffice at Pollock, La., have repudiated a confession of guilt.


Article from Rosebud County News, December 22, 1904

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resh Resume of the News. Reliable Washington. John Sedrick of Butte, while returnsoldiers are dying at the rate of ing home in company with an old man, a day, according to Pension Comwas shot down by an assassin hid besioner Ware. This is a higher rate hind a tree. Sedrick's companion did not see the shooter. ever before in the history of the bureau. William Charles shot and killed James Smith at the home of the latter he expense of conveying the votes he electors for president and vice in the west part of Springfield, III. to Washington amounts to Charles escaped. Domestic troubles are assigned as the cause. according to an estimate subby Secretary Shaw. Receiver A. A. Stacel of the Newark Savings bank has announced that the here is a hint that Italy will give shortage of James F. Lingafelter in United States a large statue of the savings bank, as disclosed by an to be placed in the grounds of examination of the books, is about war college, where the heroic fig$75,000. of Frederick the Great was unWilliam Wenkstein, an inmate of he bureau of equipment announced the soldiers' home at Marshalltown, sixteen naval stations at different Iowa, committed suicide by hanging. of the United States have been His body was found in a lodging house in the city. No cause for the suicide ipped with the wireless system, is known. nine others are equipped and will nanned in a few weeks. Richard A. Canfield pleaded guilty a letter to Supt. Brownson of the before Judge Cowing in New York to academy, Secretary Morton exan indictment charging him with keeping a gambling house and was fined his emphatic disapproval of $1,000. His manager was fined the efforts to influence the appointsame amount. of the midshipmen to certain and declares that personal worth The appellate court at Frankfort, the good of the service alone must Ky., reversed the case of Caleb he guides. Powers granting him a new trial. He is under sentence of death, charged List of Casualties. with complicity in the assassination of Gov. Goebel. Jenks, an old soldier, who on a farm near Riceville, Iowa, Albert H. Brown, Joseph and Charles from a load of hay and broke his Ricker and Thomas Evans were given dying instantly. penitentiary sentences, having been amages of $30,000 were done to the convicted at Kansas City of using the hboldt Herald and the Kansas Dermails to defraud. They came to Kancompany at Humboldt, Kan., by sas City from St. Paul two years ago. It burned several stores. That two young men found dead, Godfrey, L. F. Godfrey and locked in each other's arms, entered E. Eis were drowned while atinto an agreement to committ suicide to cross the Mississippi river simultaneously by gas, is the belief Iuscatine, Iowa. Ice floats stove in of the New York police. The mer boat. were James Gibbons and James Mc ran. B. Ayers and his wife, each 50 years, were run down and Cracksmen effected entrance to the by a freight train near Meadow building of the Bank of Plymouth, Neb. The bodies were found and exploded two charges of dynamite by section men. on the vault. So far as can be learned no money was secured. Men with ithin sight of a score of companbloodhounds are following the burg. Ralph Adams, 16; Frank Bayless, lars. nd Burdett Bleet, 11, were drownwhile skating on the Lake of the Stewart A. Felton, the gambler who near Decatur, Mich. shot Gov. Roche, another gambler, in a crowded section of Broadway, New at Keokuk, Iowa, destroyed the York, Thanksgiving evening, has been telephone exchange and damaged exonerated by the coroner's jury, Western Union Telegraph office which decided that he acted in selfthe public library. The fire was defense. by an overheated furnace. Karl Karrer, charged with robbing child was burned to death, two the Bank of Treynor, Iowa, pleaded were fatally burned, and two othguilty to the charge. He forced Miss and one woman were seriously Frances Flood, assistant cashier. at in a fire caused by the explothe point of a revolver to hand him of a keg of powder at Elk Run, $1,522 of the bank's funds. All but $100 was recovered. Out of 139 decoy prescriptions sent Foreign. out by the state board of pharmacy to Peter Kapnist, Russian amChicago druggists to be filled, 29 conat Vienna, is dead from an tained no trace of the drug called for, stroke. and only 31 were pure. As a result the Greek band on Dec. 3 murdered board will prosecute 100 druggists for ty-four Bulgarians in the village selling impure drugs. near Sorovitch, Salonica. Saying they were in fear of their mple's second periodic comet was lives when they made it, four white on its return by the astronomen, J. L. McKinney, W. R. McKinney, M. Javelle, at Nice, on Nov. 3. E. A. Donaldson and W. B. Adams, Servian cabinet has resigned on charged by the United States officials of a disagreement between the with robbing the postoffice at Pollock, over the building of new La., have repudiated a confession of guilt.