1585. Dime Savings Bank (Hartford, CT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
September 30, 1878
Location
Hartford, Connecticut (41.764, -72.685)

Metadata

Model
gpt-5-mini
Short Digest
e99f03d4

Response Measures

None

Description

Multiple newspapers (dated Sept 30, 1878) report the Dime Savings Bank of Hartford was enjoined by the state Bank Commissioners from further prosecution of business. The reports note heavy withdrawals over the prior year and borrowing on mortgage loans. No explicit deposit run is described; the action is an injunction by regulators (government action). The articles do not state a reopening; judicial/receiver management is implied but no explicit receiver assignment is given — I classify as suspension_closure because the bank was enjoined/suspended and there is no report of resumption.

Events (1)
1. September 30, 1878 Suspension
Cause
Government Action
Cause Details
Enjoined by the state Bank Commissioners from further prosecution of business; regulators intervened after sustained withdrawals and borrowing against mortgage loans.
Newspaper Excerpt
The Dime Savings Bank of this city was to-day enjoined by the bank commissioners from further prosecution of business.
Source
newspapers

Newspaper Articles (7)
1. October 1, 1878 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, October 1, 1878

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Sudden Death. James S. Carr, a native of Ripley, Maine, died suddenly here to-day, of apoplexy. Railroad Matters. BOSTON, September 30. The meeting of the stockbolders of the Eastern Rairoad was held today, to take action on the proposed new leases by the road, of other roads now occupied by it. Pending the vote a recess was taken till October 7, the polls to be kept open meanwhile. Gen. Butler. GLOUCESTER, September 30. Butler delivered an address here this evening before & large audience, and was very enthusiastically received. CONNECTICUT. A Bank Stops Business, HARTFORD, September 30. The Dime Savings Bank of this city was to-day enjoined by the bank commissioners from further prosecution of business. The amount of deposits is $493,978. The bank has had an average of $8,000 per month of deposits withdrawn auring the past year, and to meet the drain bas had to borrow $87,500 upon the pledge of $166,282 of its best mortgage loans. The commissioners say the loans of the bank of $481,497 on mortgage securities, are generally good, and that the loss to depositors will not be large if the assets are judicially managed.

2. October 1, 1878 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, October 1, 1878

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CONNECTICUT HARTFORD, Sept.30.-The dime savings bank, of this city, was to-day enjoined by the Bank Commissioners from further prosecution of business. Amount of deposits, $493,978. The bank has had an average ot $8,000 per month of deposits withdrawn during the past year, and to meet the drain has had to borrow $87,500 upon a pledge of $166,582 of the best mortgage loans. The commissioners say that the loans of the bank on mortgage securities are generally good, and that the loss to depositors will not be large.

3. October 1, 1878 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, October 1, 1878

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Article Text

Savings Bank Closed. HARTFORD, Sept. 30.-The Dime Savings Bank of this city was today enjoined by the Bank Commissioners from further prosecution of business. The amount of deposits is $493,978 88. The bank has had ao average of $8000 per month of dep sits withdrawn during the past year and to meet the drain has had to borrow $88,500 upon the pledge of $166,282 of its best mortgage loans. The Commissioners say the loans of the bank of $481,497 on mortgage security are generally good and that the loss to depositors will not be large if the assets are judiciously managed.

4. October 1, 1878 New-York Tribune New York, NY
Article from New-York Tribune, October 1, 1878

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New-York Daily Tribune. FOUNDED BY HORACE GREELEY. TUESDAY, OCTOBER 1, 1878. THE NEWS THIS MORNING. FOREIGN.-The Turkish paper currency is depreIt 18 intended to extend the ciating rapidly. East Indian frontier largely in the event of war The British fleet has retired with Afghanistan. to Artaki Bay, seventy miles southwest of Constantinople. Russia says her Afghan Mission was simply an act of courtesy to the Ameer. DOMESTIC.-A temporary injunction was granted yesterday against the payment of the expenses of the late ball to British officers at Newport. President White was welcomed home to Cornell UniThe President versity, last night, at Ithaca. The leaves Washington to-day for New-York. Dime Savings Bank at Hartford, Coun., has suspended business. A table has been prepared at Washington showing that the cost of the Customs service of this country is less than that of England. CITY AND SUBURBAN.-Mr. Tilden's counsel explained yesterday the manner in which the missing books were taken. Steps are being taken for a The union of all the Anti-Tammany factions. Toutonia Savings Bank trustees were held for .trial. The Denver extension bondholders appointed a committee on reorganization. Preparations were made for the coming religious conference. Gold 1003g, 1003g, 1008 Gold value of the legal-tender dollar at the close 99610 cents. Stocks less active, but fauctuating, closing feverish and unsettled. THE WEATHER-TRIBUNK local observations indicate warmer and clear or partly cloudy weather. Thermometer yesterday, 65°, 69°. 63°.

5. October 4, 1878 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, October 4, 1878

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only mote the election of those candidates who stand on this platform." were made by nominations Il The following Democratic State Conver Boston the Massachusetts on the 25th: Governor Wil Jo tion held'at Abbott; Lieutenant Governor, State, Henry siah G. Plunkett; Secretary of David N liam R. Treasurer and Receiver, Attor C. Dewing Auditor John E. Fitzgerald; resolutions n Skilling; General, Richard Olney. The par of ney that the National people Democratic and declare the party of the Republican ty is Constitution that the people the defrauded both State and Chief Magis party their circonstitutionally has elected and State have of that both nation enterprise trate; made the tools of private have shaped been and Legislatures thereof; that reciprocal and Congresses meet the demande world their laws free to trade with the measures civilized to pro restricted only by necessary revenue, will alone once vide the National with the sails of Americ more whiten the Congress seas has no power to make 1 can ships; anything that lest it be gold or silver legal tender, annual etc., etc. meeting of the stockholders was The Pacific Railroad Company The gross the North York on the 25th. were $1,193,381 at New road for the year net balance ings of the $631,302, leaving a over last year of expenses, or net increase of million $562,079 $169,381. Nearly firee-quarters acres of land were sold. of for Judge G. B. Bradley was nominated the New York Dem- the on the Court of Appeals held at Syracuse that gold 26th, on platform and oeratic Convention which declares into and silver coin holder, the only currency the will of the toward specie payat country; steady steps of the public the the honest payment rule no cen ments; tariff for revenue; home justice to debt; equal and exact of force and tralization conspiracy an that by the infamous of the Republican party and fraud the leaders the Nation's choic for the in put Presidency, nulled and reversed defeated candidate of Washington. at Philstorm on Pa., adelphia, the chair heavy wind and rain of the 26th, erection, During the afternoon was blown it, and seven new building in process workmen of were engaged upon dandown, while the persons were injured, three Covention was gerously. New York Republican the State 26th, Senator The held at Saratoga on George F. DanResolutions forth Roscoe was Conkling, nominated president. for Judge were of adopted the Court de is Nation sacredly of Appeals. that the faith of the of the public debt claring to the payment promises to the advanced pledged and the redemption spirit and of letter public of the engage to cording the country having there should o step ment: point that of specie payment, postponement; the backward and no that the Electora favor of hard money wise and honorable that mode Commission was dangerous dispute, and conclusion of settling impair the to undo or and evolutionary attempt established npatriotic elections it free and unintimidated declaration for demand renew their the basis the South; the public on performelevation tenure of during the faithful term; etc. a secure of official duties for a fixed Polar Expediance Tyson, of the Howgate Newfoundland, on the Capt. St. Johns, fourteen months tion, reached He has been absent Com 27th. expedition were well. Finance All of the published by the School Union A card was American Sunday misstatements mittee of 27th, the stating that some in regard on been published wish to correct. have recently the Committee and searching find affairs, Committee which made a careful any defalcainvestigation, The found, and failed however, to that publishing some mis takes tions; have they been made in the of the mispartment. department In the no defect or able neglect promptly sionary Union abundantly finanfound. The all its obligations and is in no cial embarrassm was over passing proces in the As funeral the Long Island Railroad, 28th, one the track of N Y., on the beside city of Brooklyn, five persons, the carriages containing struck by train and and alittle the occupants, driver, was Miss Mary Redwood were killed, its Stephen Callahan, her children seriously, son of Mrs. Callahan and McNamara, two of the driver, and Mrs. and Patrick and conductor of the train, fatally injured. and the The flagman engineer at the crossing were arrested. Transportation Company Pleas The Empire decree of the Common the 28th. dissolved by 3, a of Philadelphia, on with Court, No. was taken in accordance This action filed last spring. the released Fenian petition Condon and Melody, York on the 29th, arrived at New by large number prisoners, warmly received were delighted and were countrymen. They was granted of their which English the cordial reception member of the at New Dean Stanley, Committee, arrived on the American Bible Revision the 29th. The Dean Committee called now that and was city, York on Bible Revision introduced Dr. Schaff an session the committee in by its address President of welcome, the he impression and In replying spoke favorably to of of the the regular progDean everywhere of the happy had received approaching conclusion effect it would ress vision work, and upon the the study and bringing under have, not of only the Bible, but union also the in different standing in true spiritual christendom. together of English speaking Hartford, Conn. branches Savings Bank, of The Dime the Bank the 30th was enjoined prosecution by of business $493,978. on The Comfurther Amount of deposits, loss to depositors ult. state that the are judicially will not missioners be large if the assets of the holders managed. meeting of the held bond at New York At Pacific Railroad earnings Kansas statement of the the term of the 30th, of the road, including 21, 1876, to Sept 15, penses from Nov. Gross earnings receivership made, as follows: $3,826,854 1878, was operating expenses, $2,069,153; less $5,896,007; earnings, not approximate net transpo transportation $455,000; per $895,000 Government and available company earnings, $1,614,152, annum applicable being paid, at the to rate interest of about on mortgage bonds WEST AND SOUTH. was nomincumbent, R. Bradley, present J.M. Adams for Lieu- Coninated L. for Governor, and W.E. F. Deal State for Contenant-Governor Nevada Democratic declarer gress by the 24th. The platform for the vention favor of on hard the money, on and silver. calls in of all restrictions of the Tennessee moval reunion of the Army Ind., Oct The place at Indianapolis, Sheridan, Hanwill take Sherman, and Jeff and 31. Generals Burnside, Logan, indications Buell, promcock, Pope, will attend. The other States, and C. Davis large attendance from made accordingly ise a being Lebanon, Ind. preparations are passed over were roofed severe storm 25th. Houses was unon A the afternoon and the new of the Presbyterian Church

6. October 11, 1878 Essex County Herald Island Pond, Guildhall, VT
Article from Essex County Herald, October 11, 1878

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SUMMARY OF NEWS. Eastern and MiddleStates met The at New York Democratic State convention On the Syracuse, and held & two days recognition first day there was bitter struggle session. for from New between contesting delegations delogations York and Kings counties. The Tammany from New York county represented two were and Anti- Tammany, and the bate. admitted On after a fierce and protracted former was the second day George B. de peals, nominated and for judge of the court Bradley of gold and a platform adopted which claims apcolh at nilvet and paper convertible rency of the the will of the holder, the only into steps country approves of ourpayment toward specie payments and the steady the of the public debt honest date Republican in the party put & defeated charges that the chair of Washington, and indorses candi administration of Governor Hobinson. The held New York Republican State convention was Democratic at Saratoga on the same day of Conkling convention in Syracuse. the long was elected chairman, and Senator made as the address. George F. Danforth was & of party's candidate for judge of the selected the appeals, and the platform adopted court demption payment of the public debt, and favors the letter of the public promises according the refor hard and spirit of the engagement. to in public money, specie resumption, calls vice, and expenses, and an elevated economy toral declares that the action of givil,setmen of Commission all parties. should be declared as the final Elec- by East By Side the giving way of a scaffolding on three Elevated railroad, in New the R distance workmen of were thrown to the York was about forty feet, And ground, injured. killed, while the other two were one severely man South The Norwalk, steamer Adelphi, which runs between ploded her Conn. and New York exforce of the boiler near Gregory's Point city, bow to explosion shook the steamer The the boiler. stern, and tore away a large from twenty five A feet space wide of about fifty feet section long by of port side of the was ripped out of the above the Boiler boat, and the Baloon deek ing along such of was the huried overboard. carry. cupying after the seats and passengers sofas. as were 00fragments the explosion of the air was filled Immediately with of wood, followed by flying affrighted escaping passengers, steam, and then the screams hissing of cloud the The came with appalling suddenness. upon whom the disaster on board some of ran the hither and thither in their fright, people the windows, while women making a frantic rush for servers, in many put on the life-prethe water. anticipation One of a struggle for life in as follows The passenger first knew gives his experience had the steam occurred was was a hissing noise, that as anything though was at the moment escaping somewhere. There such as usually no concussion or Before I had follows the bursting of report, boiler were flying in time to speak or think timbers of my timber flew every past me direction. and out of A large the piece coat AR clean as a tailor could skirt of I Was so excited that did have done it, got ashore. The timber not notice it until and some went bodies from the starboard side of all the appeared boat to come landing in the rushi water g at through the air with them, ahead, to fifty feet. An instant distances later the of from boat twenty the water. and the victims were left forged the On board it was like struggling a in rushing women screaming and fainting, madhouse, the hurrying to pell and fro. mell, stamping upon each other, men Some shouted. Nobody somewhere, anywhere. any reason knew what he did as insane as why the he rest. was It doing it, and was just or surd if it had not been would have been abwas before the boat 80 terrible. How long it Point, or what was pulled up at Gregory's cannot say. The anybody did in the meantime and somehow captain was tolerably coolsiderable his orders wore obeyed. there was : part of the main deck was gone A con getting ashore big h le in the port side. After and their wits the people began to recover killed or missing. and to inquire I who was hurt, lost, brought saw several dead bodies be not ashore before left, and there Ewelve less than fifty persons wounded. must jured, persons were killed And twenty-one insome fatally. avenue, As a funeral procession was crossing Atlantic ing along Brooklyn, a locomotive came thunderbreaking it and ran into one of the copants into to fragments and hurling carriages, the carriage, Mary the E. Street Redmond, The driver of the 00 Thomas Callahan, aged sixteen, and and four aged twelve. were jured. other persons in the vehicle were killed. inhas The been Dime savings bank, of Hartford, Conn. from the enjoined by the bank commissioner further prosecution of business. Napoleon Major August Rullman, who fought day, aged I., died at Newark, N. J., the under other with the ninety-seven years. He had from Moscow first Bonaparte in the terrible march been at and in numerous battles. of the Waterloo, Legion and of Honor. was decorated with the ending cross ings The trustees of the suspended Teutonia trial, bank, of New York, have been held sav funds. for embezzlement of the institution's for from George his Bancroft, the historian, was thrown 10 R. I., and carriage severely while injured. out riding at Newport, The New York city grand jury has made a Elevated presentment, declaring the Metropolitar ae of private railroad a nuisance and an invasion 18 the rights, and asserting that should annoyances be removed. caused by the road could many and of it An Australian team of eleven cricketer If arrived they have in New York, from England, or made a successful tour, where y8 first many match of the in best this clubs of Great Britain. defeating Their twenty-tw picked country was played with whom they defeated players from New York er with four wickets to spare. by a score of 162 to 161 elected The Vermont legislature organized and ne James L. Martin speaker. re United Officers of the Secret Service, assisted by ne been States marshals and deputies Id tensive actively gang engaged of in running down an hav ex various counterfeiters, ag The points in Kentucky and operating a er been gang was thoroughly organized, Tennessee and ha ds of engaged extensively in the manufactur In preconcerted counterf silver coin and currency. an in movement, the officers By r. capturing arresting a twenty-six of the gang. succeede and i nd counterfeit money. large amount of machinery an it The Western and Southern States. he treasure coach of the Cheyenne nd Black wood, Hills stage line, on its way from Dead and ry. killed was stopped by five armed men, to and one passenger, wounded two who to robbed the stage of treasure messengers a nearly $80,000. Two of the robbers amounting wer or wounded during the fight. es ticket The Nebraska Democrats have nominated we court judge. headed by John D. Howe for suprem in ticket of the Greenback Three of the party. nominees are on th Indians During and an United encounter between Cheyenn north States troops. sixty OW of Fort Wallace, Kansas. mile of Colonel Lewis was killed, and two men Lieutenant wound as ed. The hostiles were defeated. of A destructive fire in Easton, Md., as a an loss entire block of valuable buildings, destroye entailin a estimated at from $75,000 to $100,000 partly covered by insurance. ow nd Two officers attempted to arrest a tram near cerned Akron, Ohio, on suspicion of being en by in a robbery, when they were set con wo their a gang of thirty tramps and had to flee upo lives. Thereupon militia on called tramps out, and arrested eighteen company of W8

7. October 19, 1878 The Superior Times Superior, WI
Article from The Superior Times, October 19, 1878

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Ten persons were killed outright and twenty wounded-some fatally it is thought. A CARRIAGE was struck by a railway train at a crossing in New York city. Of the occupants, Mary Redwood, Mrs. Stephen Callahan and Patrick McNamee were killed and three children of Mrs. Callahan seriously injured. ### THE WEST. THE suit of the Bank of Commerce, of New York, against the Bank of the State of Missouri, to recover $400,000 which has been before the United States Circuit Court at St. Louis, was decided on the 4th inst., by Judge Dillon, instructing the jury to find for the plaintiff in the sum of $445,582. The original loan of the Bank of Commerce was one million dollars, $600,000 of which was returned, leaving a balance of $400,000 due when the State Bank suspended. This sum, it is said, will nearly cover the assets of the State Bank, and leave depositors out in the cold. EXTENSIVE prairie fires in Dakota have burned thousands of tons of hay along the Red river valley and left the country desolate. A COURIER arriving at Ogalalla, Neb., on the 3d, reported that the Indians were committing horrible depredations along the Republican river. They had killed every white man on their route and carried oft all the stock. A BAND of runaway Indians crossed the Kansas Pacific track on the 1st instant, 60 miles east of Hayes City, and when eight or ten miles north of the station, came upon a lot of cattle-men when a hand-to-hand fight ensued, resulting in the loss of eighteen citizens killed and five wounded. A dispatch from Leavenworth dated the 2d instant, says the troops had a fight with the Indians, but does not name the place, Lieut. Broderick, of the Twenty-third infantry, was wounded, and Corporal Steward and five soldiers were killed. The bodies of thirteen settlers who were killed by the savages, were brought to Buffalo station. A PORTLAND, Oregon, dispatch says: Forest fires in Tillamook section have done a great amount of damage. The fire has swept over a large section of country, destroying houses, crops, fences and bridges. Recent heavy rains have extinguished the fires. Two of the Mexicans who were recognized as the murders of ex-Sheriff Williams and ex-Clerk Finley, of Santa Clara county, near Tucson, Arizona, were captured in Sonora, and shot by order of Governor Marescal. Two Ohio ministers-Revs. F. A. Spenc and J. K. Davis-have been dismissed from the ministry for irregular conduct. ### THE EAST JEWISH circles in New York are highly excited over the marriage of the daughter of rabbi emeretus, of Temple Emanu-El, which occurred on the 3d iust., within the period of the ten penitential days. The rabbi himself performed the ceremony. Rabbi Gottheil and the officers of the temple refused to give countenance to the action by attending. A STOW-AWAY was found in the hold of the steamer City of Chester on her arrival at New York on the 4th inst. His name was James Donnelly, a Scotchman, and during the voyage of eleven days had had nothing to eat or drink, being reduced to dire strait of drinking his own urvine. THE trustees of the Peabody educational fund completed their labors at New York on the 3d inst. At the request of General Taylor there were spread on the minutes the acknowledgement of gratitude from the people of the south for the succor extended by the people of the north in this hour of affliction. THE schooner yatch Okoresta, of Cleveland, 32 feet long, arrived in the Hudson river on the 3d inst., after a voyage of twelve months. She reached the ocean via the Ohio and Mississippi rivers, through the gulf of Mexico and will go home by the Erie canal. THE Vermont legislature assembled on the 2d inst. James M. Martin was elected speaker and Henry N. Aewell, clerk. THE grand jury at New York has made a presentment declaring the elevated railway line a nuisance, and an invasion of private rights. LAW officers of the government have taken steps to eject parties from possession of about one thousand acres of land in the Pennsylvania oil region. This land was taken in part payment of a debt due the United States by the Venango county bank of about $60,000. AT a meeting of operators of the Lehigh, Pa., coal region on the 30th for the purpose of establishing prices for October, it was agreed to advance 10 cents on the line and 15 cents on city trade. THE Dime savings bank, of Hartford, Conn., was enjoined from further prosecution of business on the 30th ult. A COMMITTEE of the New York bar association is investigating charges of extortion against the sheriff and county clerk. The weight of evidence is said to be great. ### GENERAL. THE United States steamship Plymouth sailed from Portland on the 4th inst., for Santa Cruz, having been ordered to protect American citizens there. THE great boat race, between the Canadian, Hanlan, and Courtney, the American oarsman, took place at Lachine, Canada, on the 3d inst. Hanlan won, coming in a length and a quarter ahead. Time of race, 36 min., 22 sec. There is a strong belief prevalent that Courtney bartered the race, and much indignation is felt by his friends. Fully 10,000 people witnessed the exhibition. NEARLY complete returns from twenty-one counties in Colorado give the Republican state and congressional ticket 2,100 majority over the democrats. The remain-