Article Text
plied for the appointment of a receiver. The Colchester, Ct., Savings Bank has been enjoined from paying ont deposits or paying dividends on de posits. Over $50,000 has been with. drawn from the bank within the past six months.
1547. Colchester Savings Bank (Colchester, CT)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- savings bank
- Start Date
- April 24, 1897
- Location
- Colchester, Connecticut (41.576, -72.332)
Metadata
- Model
- gpt-5-mini
- Short Digest
6a188be4
Response Measures
None
Description
Newspaper excerpts (Apr–May 1897) report the Colchester, Ct., Savings Bank was enjoined from paying out deposits and paying dividends and that a receiver had been applied for. Articles also note over $50,000 withdrawn in prior six months. This indicates a court-ordered suspension (injunction) with receivership proceedings — no reopening mentioned.
Events (3)
1.
April 24, 1897
Other
- Newspaper Excerpt
- Over $50,000 has been withdrawn from the bank within the past six months.
- Source
- newspapers
2.
April 24, 1897
Suspension
- Cause
- Government Action
- Cause Details
- Court injunction enjoining the bank from paying out deposits or dividends (legal action); receiver application mentioned.
- Newspaper Excerpt
- The Colchester, Ct., Savings Bank has been enjoined from paying out deposits or paying dividends on deposits.
- Source
- newspapers
3.
*
Receivership
- Newspaper Excerpt
- applied for the appointment of a receiver. The Colchester, Ct., Savings Bank has been enjoined from paying out deposits...
- Source
- newspapers
Newspaper Articles (2)
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Article Text
money advocates, about $1,000,000. The City national bank of Gatesville, Tex., has suspended. Stealings by "honest" m.oney advocates, about $200,000. The Lebanon, Pa., rolling mills company has made an assignment. W. C. Eccleston, grocer at Natick, R I., has filed a petition in insolvency. A receiver has been appointed for the Salem iron company, of Leetonia, Ohio. J. M. Pancake, general store and gin, at Bush, Tex., has given a trust deed. E. Albertson, dealer in notions, at Hannibal, Mo., has made an assignment. The sheriff has closed the store of W. C. Bernardi, dealer in dry goods at Pittsburg, Pa. E. D. Neustadt & Co., flour commission dealers of New York city, have assigned. A receiver has been appointed for Lundy & Smith, general store at Duncombe, Ia. The American exchange bank of Buffalo, N. Y., has gone into voluntary liquidation. The Bank of Bartley, Neb., is closing its affairs, and is paying depositors' claims in full. It is not run by "honest" money advocates. The Jacksonville, Tampa and Key West railway has been offered for sale in Jacksonville, Fla. George S. Kinney's Sons, wholesale liquor dealers, at Nashville, Tenn., have made an assignment. Tanner & Stark, general store, at Otter Lake, Mich., have given a chattel mortgage in trust for $7,800. L. Graham & Son, printers at New Orleans, have called a meeting of creditors to ask an extension. The Stratto Bros. Company, dealer in dry goods at Gardner, Mass., has made an assignment. The First national bank of Comanche, Tex., chartered in 1886, capital $100,000, surplus $20,000, closed its doors. "Honest" money the cause. James B. Brewster & Co., reorganized, carriage manufacturers at New York, have assigned without preferences. C. Henry Gabel, an undertaker, contractor and builder, of Pottstown, Pa., has made an assignment. The Citizens' bank of Bowling Green, Mo., suspended April 2. It had a paid in capital of $25,000 and deposits of $100,000. "Honest" money did it up. An assignment for the benefit of creditors has been made by the Safe deposit building and loan association in Kensington, Ohio. "Honest" money did it. A. J. Davidson & Co., wholesale dealers in produce and agricultural implements at Helena, Mont., have been attached for $8,000. The comptroller of the currency has given authority for the organization of the First national bank of Greensboro, Pa.; capital, $50,000. Hurrah for "sound" money. The Cumberland coal company, at Sturgis, Ky., owned by capitalists of Nashville, Tenn., with W. W., Smith as president, has assigned. Edward S. and Henry V. Williams, stockholders of the New York history company, have applied for the appointment of a receiver. The Colchester, Ct., savings bank has been enjoined from paying out deposits or paying dividends on deposits. Over $50,000 has been withdrawn from the bank within the past six months. Economy No Panacea. When you hear a man discoursing (un) learnedly about economy and saving something out of his scanty income by subsisting on a poorer living and depriving himself of every species of enjoyment and leisure he hasn't stu.