15210. Bank of Lowville (Lowville, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 20, 1877
Location
Lowville, New York (43.787, -75.492)

Metadata

Model
gpt-5-mini
Short Digest
77a82eb6

Response Measures

None

Description

Contemporary newspaper dispatches (Dec 20, 1877 and Jan 1878) report that George M. Brooks' Bank of Lowville 'has suspended' with liabilities about $60,000 and assets claimed to be equal. No run or reopening is reported in the provided articles; no receiver or formal closure details are given. I classify as suspension_closure because the articles announce suspension and give insolvency-like figures but do not report reopening.

Events (1)

1. December 20, 1877 Suspension
Cause Details
Article simply reports the bank 'has suspended' with liabilities ~$60,000 and assets claimed to be equal; no explicit cause (no run, no government action, no liquidation) is given.
Newspaper Excerpt
WATERTOWN,,N. Y., Dec. 20.-George M. Brooks' Bank of Lowville has suspended. Liabilities, equal. about $60,000. Assets claimed to be
Source
newspapers

Newspaper Articles (2)

Article from Chicago Daily Tribune, December 30, 1877

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Article Text

FINANCIAL. Special Dispatch to The Chicago Tribune. BOSTON, Dec. 29.-The West Boston Savings Bank was to-day temporarily enjoined from doing further business by the Supreme Court, and on Jan. S the case is to be argued. The trustees say they believe the usefulness of the bank has passed, and it is for the interest of the depositors that business should cease, but the depositors, who have crowded the doors of the bank yesterday and to-day, are vet to be heard from on this question. There is a strong belief that a rigid examination of the books will develop bothing that has not yet come to light. Special Dispatch to The Chicago Tribune. SPRINGFIELD, III., Dec. 29.-Voluntary petitions in bankruptcy have been filed by the following persons: R. L. & W. A. Thompson, of Virginia, Cass County, and C. D. Stewart and W. E. Shelton, of Cairo. The Stockholders' Committee of the Springfield Savings Bank has made a report, which shows liabilities of $169,562, and available resources of $160,403. There is no doubt the deficit will be made good, as the stockholders are individually liable under the charter, and the values. assets have been scaled down to hard-pan ROCHESTER, N. Y., Dec. 29.-A partial and entirely causeless run occurred to-day on the Rochester Savings Bank. No alarm is felt among the intelligent classes. The bank has a surplus of $700,000 over all its liabilities. CINCINNATI, 0., Dec. 29.-The liabilities of John D. Park, who failed yesterday, are $125,000. His assets are unknown. WATERTOWN,,N. Y., Dec. 20.-George M. Brooks' Bank of Lowville has suspended. Liabilities, equal. about $60,000. Assets claimed to be


Article from The Somerset Press, January 10, 1878

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Article Text

have been recovered from the ruins of the Barclay Street fire, New York City. THE liabilities of Polledo, Rionda & whose failure is reported at Havana, Co., are about $2,000,000 gold. CHISM & BOYCE, in the trade at Orleans, have The cause is of the New the failure sugar suspended. crop. sugar THE schooner Addie P. Avery, of New came ashore at South Truro a few ago. Vessel and crew days Haven, lost. supposed to be the went ashore on Cape Cod, and Innes, A SCHOONER, Thursday, Martha a crew of six men were drowned. JAKE HARNESS was hanged at Clinton, a Tennessee, Saturday, December 29, for murder committed twelve years ago. GEORGE M. BROOKS' Bank of Lowville, New about York, has suspended. Liabilities $60,000. Assets claimed to be equal. THE State Savings Bank at Indianapolis, having concluded to quit business, has filed State. a petition to that effect with the Auditor of Two men were killed and a third probably fatally wounded at Glendale, L. I., the explosion of a dynamite cartridge while by preparing a blast. THE Scranton Coal Mine, near Wilkes. barre, Pennsylvani was the scene of Saturday, December 29. a men were seriously Several terrific explosion injured. GEORGE WUNKS& Co., one of the oldest and largest dry goods importing houses in Montreal, has failed. Liab lities pay cents on the BUNN, of State will BANKER seventy-five Springfield, dollar. $300,000; Ill,; Savings Bank of Indianapolis, and the the the Woburn five-cent Savings Bank, are among number placed on the suspension list. LABORERS digging in the ruins of the Barclay street fire, New York, on the 3d, covered two bodies, which were taken to the Morgue. This makes fifteen bodies found so far. A CAB broke through the ice, on the outskirts of Halifax, lately. Two women, and Flora McDonald and Ida Boutiller, young John Milton, the driver of the vehicle, were drowned. JOSEPH W. HELMER, real estate and log broker; Levi J. Anna, hatter; Norman Perkins, lawyer; Amas H. Woodruff, coaldealer,- failures of all a single of Chicago,-are day. the reported REPORTS from points in Louisa counties, Virginia, state a of earthquake was felt on shock Hanover of the that eve- and ning the 3d. The shock is said to have been accompanied by a roaring sound, like a chimney afire. THE Workingmen's Congress in its recent session the at Newark, N. J., decided to publish party organ in the English language, Cincinnati. The Executive Committee in directed to select a name and issue was soon as a private banker on the East Side of Des business S.N. possible. THOMAS, Moines, doing it as has suspended. The latter are Iowa, assets, be $48,000. Liabilities, claimed $25,000 to good. Thomas claims pay dollar for dollar in able THE tolerably to Pennsylvania Legislature-m sixty days. to be noon on January 1. In the Senate, at was chosen Speaker an adjourned session of the this islature V. Cooper being pro Thomas tem., Legthe of 1877. With but few exceptions, officers of both houses are the same as last year. THE London Advertiser hears, on reliable authority, that official information has been have received in St. Petersburg that the Chinese massacred fifteen thousand women of and d children at the Kashgarian town men, Manas, committing frightful atrocities. ONE of the saddest and most appalling accidents happened lately at Conner, a boy fifteen came from Sidney to spend the years old, Ohio. with his Frank Bellefontaine, holidays 1 cousin, Grant Fry. While comin paring the loaded pistols the former was shot right eye, producing instant death. AT the dinner of the Banks Club, Butler Boston, Saturday, December 29, General in spoke atlength on the He defended the President's criticised his Southern h uation. but eighty policy. political About title, sith General prominent Republicans were present. Banks and others made speeches. THE little villiage of Ferndale, Pa., V shocked by a terrible tragedy. hasjust s Miss Haddock, in a fit of jealousy, murdered John in Lizzie Davis, with whom he was a knife love, by stabbing her several times with madly and and shooting her with a o heart, then fired a bullet through revolver, his own S is PROF. HENRY, of the Smithsonian e lin, stitute, reports that Prof. Foerster, of Inthe announces the discovery by Palasa, Ber o eleventh 29th of December, of a planet of on minutes magnitude, seven hours the g and seven ascension, thirty-nine degrees, eight minutes north y of lawlessness at iFour on the last day of the men were shot in the ts land, saloon, sibly Eva. A REIGN Colorado, declination, prevailed afternoon year. Gar. posiM. and at 8:45 in the evening, in 8 concert Clay, a lawyer residing there, entered George hall, had a dispute with d keeper, then whom he cut with a knife, and the bar death. inghis himself shot through the temple, caus was United FOLLOWING is an official statement g cember 31: States currency outstanding De of S $63.53 d demand notes is 349,943,776 Legal tender notes, all issues. 54,16 One year notes of 1863. 116,05 Two year notes of 1863 e Two year coupon notes of 1863 23.95