Security Bank - Watertown, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 17, 1876
Location: Watertown, New York (43.975, -75.911)

Metadata

Model: gpt-5-mini
Short Digest: d06e30e6ed6d014b

Response Measures

None

Description

OCR of the article is poor but it clearly states 'The Watertown (N.Y.) Security bank has suspended with liabilities amounting to $100,000.' No mention of a prior run or of reopening/receivership in the provided excerpt. Because the article reports a suspension and gives no indication the bank reopened, I classify this as a suspension that likely led to closure; this selection is conservative given limited text. Date is taken from the newspaper publication (1876-04-17).

Events (1)

1. April 17, 1876 Suspension

Cause Details: Article simply reports the bank 'has suspended' and lists liabilities of about $100,000; no explicit cause (rumor, bank-specific failure, government action, etc.) is given.
Newspaper Excerpt: The Watertown (N.Y.) Security bank has suspended with liabilities amounting to $100,000
Source: newspapers

Newspaper Articles (1)

1. April 17, 1876 The Weston Democrat Weston, WV

Article from The Weston Democrat, April 17, 1876

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Article Text

R. I., was starting up, four of the sixteen boiler boilers exploded, utterly wrecking the house, but damaging the main mill very little. Thomas Fay and Bartholomew Coffin, who A were in the boiler room, were killed. The in fire loss is estimated at 20,000 New Rochelle. N. Y., destroyed six houses, of causing a loss of $20,000 The owners the property destroyed by the bursting of that the dam of the Worcester water works, claim the city of Worcester is responsible for daminasmuch as the officials know the dam and to age, be in an unsafe condition. The Boston Albany railroad company will institute the initial suit The Missouri State lottery been soized by the police of St. Louis for has fraudulent drawing The European grain trade is languid The volcanoes of Kilauea and Moknaweoweo, in the Sandwich islands, tion are reported to be in an active state of erupThe income tax in Cuba has been increased to thirty per cent. gold. Isaac Page, of Searls Milks, Mo., murdered his wife and cut his own throat, from bankers the effects of which he will die French have decided to financially assist the khedive of Egypt The United States express pany's office at Akron, Ohio, was robbed reDuring the contly of e25,000 or $30,000 recent heavy gale the thick glass windows in the White Island light tower, off Maesachusetts, sixty feet above high water mark, were broken by thewares. The Watertown liaN.Y.) Security bank has suspended with Sixteen bilities amounting to $100,000 employees of the Boeton custom house York were discharged to reduce expenses New total indebledness April 1st was 8119,The Mexican city's 164,908.29 authorities in Mata- domanded forced loans from Americans and on one old man refusing to pay he on top of the moras, was placed fortifications event between armies, 80 that in the of he would be exposed to two the an attack opposing extended fires. Our consul received him, and his protection to other countrymen. A United States gunboat has gone to the scene of action. South Hadley, Mass, lost a hotel, store, two D. S. houses and two barns by firo Conover, United States Senator from Florida, was arreated at Tallahaesse on a charge of ombezzling $40,000 The public debt statement for March shows a reduction for the month of $4,240,867; for the nine months of $17,969,286. The Egyptians are fortifying strong positions in Abyssinia The Democracy of Connecticut re-elected Gov. Ingersoll and secured working majority in both branches of the Legislature. This will give a Democratic United States Senator The have found an indictment exChicago grand against jury in in Congreesman J. D. Ward for complicity revenue frauds. A duel was fought near Richmond, Va., by Lieut. Thaxton T. Robinof the United States army, a United States gauger, to Mitchell, son, and sottle Jesse Robinson was killed and Mitchell will die. Both were young old probably foud. and head highly connected. Gen. Porfirio Diaz, the of in Mexico, has with a blow being moras the revolutionists scarcely struck. taken Mata- The included 530 men, seventeen pieces of and 712 stand of arms. artillery, capture As the government general Toledo has taken service under Diaz, it is probable he betrayed the town to the insurgents The French Senate unanimously adopted the bill raising the state of elege. The nomination of Richard H. Dana, Jr. WAS rejected by the Senate, as minister England The estimates for the River and bill were cut down in the congresfrom to 000 Harbor sional committee $14,301,000 reported e5,873, A break fifty feet wide is the Milliken Bend levee, a few miles above Vicksburg, Miss A barge containing ten bushels of corn unmanage able above St. Louis and struck thousand just became the bridge with such force as to break in two, drowning crow of six colored men N. a well-known Bcethe Cummings, outire merchant of Bradley committed suicido while temporarily inhimself in a of saue ton. by drowning shallow pool water. The steamer Agrigenti, from Pineus Italian collided with Castle off the cost of steamer for Hylton ports, south the English the Morea. The Agrigenti immediately tunk, and nine of the crew and twenty passengers were drowned Reports from Newfoundthat the fishing season and that a number of vessels favorable, land state realing has been were crushed and sunk by the ice. Destitution The prevaile in many parts of Green Bay schooner Helen J. Holway went a-hore Dear Fire island, off Long Island, and six lives were lost A seventeen-year-old sou of Patrick in Columbus, Ohio, having aseoclated with forbidden companions, Pickering, down the father, while intoxicated, made him go upon his knees and promise not to do 80 again. While the youth was in this position the father dieat him, killing him instantly charged consequence gun Tracy and In of Thomas wife being unable to live happily together, near Carlineville, IU., the woman concluded to leave her husband, and was carrying out her intentions when he shot and killed her, and then beat out the brains of their six-year-o!d daughter. Subacquently he committed suicide by cutting his throat. CONGRESS