Broome County Bank - Binghamton, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 22, 1895
Location: Binghamton, New York (42.099, -75.918)

Metadata

Model: gpt-5-mini
Short Digest: 23926f4c

Response Measures

None

Description

Newspaper reports (March 22, 1895) describe Bank Examiner Backus closing the Broome County Bank, Receiver Kellogg taking the assets to the Binghamton (Savings) Bank, and evidence that some depositors withdrew funds just prior to the closing. The closure was by bank examiner/receiver action (receivership). Not enough in these clippings to conclude a full depositor run caused the suspension, so classified as suspension leading to closure/receivership.

Events (2)

1. March 22, 1895 Receivership

Newspaper Excerpt: I understood from Receiver Kellogg that in the morning a man ... came in and drew out $11,000. ... telegrams were produced in evidence showing the authority which Mr. Backus had for closing the bank. (reference to Receiver Kellogg and the taking of assets.)
Source: newspapers

2. March 22, 1895 Suspension

Cause: Government Action
Cause Details: Bank Examiner Backus closed the Broome County Bank and Receiver Kellogg took the assets to the Binghamton Savings Bank.
Newspaper Excerpt: A number of telegrams were produced in evidence showing the authority which Mr. Backus had for closing the bank.
Source: newspapers

Newspaper Articles (4)

1. March 23, 1895 The Times Richmond, VA

Click image to open full size in new tab

Article Text

Jones Drew Out $11,000. BINGHAMTON, N. Y., March 22.-When the preliminary examination in the case of the people against David L. Brownson and Tracy R. Morgan was continued this morning, the cross examination of Bank Examiner Backus was taken up where it was left off yesterday afternoon. "Did you not know there was over $25,000 in the safes of the Broome County Bank?'' asked Mr. Wales, "I understood from Receiver Kellogg that in the morning a man whom the books of the bank showed had $1,100 deposited, came in and drew out $11,000. "Who was he?" "Edward F. Jones." (The ex-LieutenantGovernor.) A number of telegrams were produced in evidence showing the authority which Mr. Backus had for closing the bank.

2. March 23, 1895 Alexandria Gazette Alexandria, VA

Article from Alexandria Gazette, March 23, 1895

Click image to open full size in new tab

Article Text

TELEGRAPHIC BREVITIES. Senator John W. Daniel, of Virginia, is very sick in Atlanta, Ga. J. E. Young was yesterday sentenced to five years, and Edward Steele to three years at hard labor in the Illinois penitentiary by Judge Grosscup for sending immoral books and pictures through the mails. Bessie Stanton, the nude female model, who has been posing at the New York Casino, as well as two male models who ware arrested last night, were held in $500 bail for an examination next Tuesday. Seven members of the family of John Frantz, living in Toledo, O., are suffering frightful agony from trichinosis. Upon an examination of a sample of the sausage eaten it was found to be alive with the parasites. The National Bank at Canfield, Ohio, was broken into last night and the vault dynamited, causing destruction of the interior of the building, but the steel safe resisted the force of the explosion. Nothing was secured. E. F. Coffin, telegraph operator at Gliden Station, Texas, yesterday received a letter from an attorney of Rio Janeiro, Brazil, stating that his uncle had just died, leaving an estate of $10,000,000. Mr. Coffin is one of four heirs, and is to receive a fourth of the fortune. Sadie Robinson followed her husband from Buffalo, N. Y., to Auburn prison this morning. She said she hoped to get out before the 14 years expired and then would try to get a pardon for Clarence. Sadie will not see her husband at Auburn as the men's and women's prisions are separate. In Chicago this morning General McNulta, John Mitchell and Edwin F. Lawrence, the whisky trust receivers, tendered their resignations. Judge Grosscup accepted the resignations of Messrs. Lawrence and Mitchell and has continued General McNulta as sole receiver of the whisky trust. In the examination of the case of the people against D. L. Brownson and T. R. Morgan in Binghampton, N. Y., today it was stated by one of the witnesses that ex-Lieutenant-Governor Edward F. Jones, who had $1,100 in the Broome County Bank, drew out $11,000, and that several other democrats drew their deposits before the assets were taken to the Binghampton Bank.

3. March 23, 1895 Richmond Dispatch Richmond, VA

Article from Richmond Dispatch, March 23, 1895

Click image to open full size in new tab

Article Text

JONES, WHO PAYS THE FREIGHT. Said to Have Drawn $11,000 on a Credit Balance of $1,100. BINGHAMTON, N. Y., March 22.When the preliminary examination in the case of the people against David L. Brownson and Tracy R. Morgan was continued this morning the cross-examination of Bank-Examiner Backus was taken up where it was left off yesterday afternoon. "Did you not know there was over $25,000 in the safes of the Broome County bank?" asked Mr. Wales. "I understood from Receiver Kellogg that in the morning a man whom the books of the bank showed had $1,100 deposited came in and drew out $11,000." "Who was he?" "Edward F. Jones." (The ex-Lieutenant-Governor.) A number of telegrams were produced in evidence showing the authority which Mr. Backus had for closing the bank.

4. March 23, 1895 The Morning News Savannah, GA

Article from The Morning News, March 23, 1895

Click image to open full size in new tab

Article Text

DEPOSITORS HAD A WARNING. Democrats Got From Under the Binghamton Bank Crash. Binghamton, N. Y., March 22.-When the preliminary examination in the case of the people against David L. Brownson and Tracy R. Morgan was continued this morning, the cross-examination of Bank Examiner Backus was taken up where it was left off yesterday afternoon. Did you not know there was over $25,000 in the safes of the Broome County Bank on the night you took the assets to the Binghamton Savings Bank, and that in the morning a lot of democrats drew their money out?" asked Mr. Wales. "I understand from Receiver Kellogg that in the morning a man whom the books of the bank showed had $1,100 deposited came in and drew out $1,100. "Who was he?" "Edward F. Jones" (the ex-lieutenant governor. A number of telegrams were produced in evidence showing the authority which Mr. Backus had for closing the bank.