16068. Dime Savings Bank (Bethlehem, PA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
April 30, 1877
Location
Bethlehem, Pennsylvania (40.626, -75.368)

Metadata

Model
gpt-5-mini
Short Digest
36693414802597cf

Response Measures

None

Description

Multiple contemporary newspapers report the Dime Savings Bank of Bethlehem, PA suspended on April 30, 1877 with liabilities exceeding $285,000. None of the clippings mention a depositor run, reopening, receiver appointment, or takeover. Because the bank suspension is reported and there is no evidence in these articles of reopening, I classify as suspension_closure but note that the sources provided do not explicitly state a permanent closure or receivership, so the ultimate disposition is uncertain beyond the suspension.

Events (1)
1. April 30, 1877 Suspension
Cause Details
Contemporary reports state liabilities exceed $285,000; no explicit cause (e.g., panic, mismanagement, correspondent failure) given in these articles.
Newspaper Excerpt
The Dime Savings Bank of Bethlehem, Pa., suspended yesterday morning. Its liabilities are over $285,000.
Source
newspapers

Newspaper Articles (10)
1. May 1, 1877 The Rutland Daily Globe Rutland, VT
Article from The Rutland Daily Globe, May 1, 1877

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Electric Flashes. Stedman & Co., crockery and glassware, of Boston, have called a meeting of their creditors; liabilities $117,000, principally abroad and in Pennsylvania. The cause of the failure is heavy expenses, light trade and shrinkage values. Hector Brownson, the oldest Methodist clergyman in active duty in the state, and for thirty-five years agent of the American Bible society, died yesterday at Rhinebeck, N. Y., aged 80 years. Chester Morgan and Arend, dry goods and carpet dealers, Buffalo, to-day made an assignment to R. D. Sherman ; liabilities $250,000; nominal assets $200,000. The building known as the Niagara temperance house at Buffalo, latterly used as variety theatre, burned to-night; incendiary, loss $30,000. In the case of Ex-Treasurer Mann of Saratoga county, a jury was obtained yesterday and the trial begun at Sandy Hill, N. Y. The wrestling match at Syracuse, N. Y., yesterday, between Theobould Bauer and Wilhelm Heygster, was won by Bauer. The railroad bridge at Cos Cob, Conn., partially destroyed by fire last week, has been rebuilt and trains are now running. The failure is reported of Thrayrck & Rowland, commission merchants of St. Louis; liabilities $100,000. The Dime savings bank of Bethlehem, Pa., has suspended; the liabilities exceed $285,000, assets unknown. The body found near Euclid, it is ascertained, is not that of P. P. Bliss.

2. May 1, 1877 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, May 1, 1877

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Another Savings Bank. BETHLEHEN, PA., April 30.-The Dime Savings Bank has suspended. Liabilities exceed $285,000. Assets unknown, but claimed to be sufficient to yield a per centage.

3. May 1, 1877 The Wheeling Daily Register Wheeling, WV
Article from The Wheeling Daily Register, May 1, 1877

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Bank suspension. BETHLEHEM, PA., April 30 -The Dime Savings Bank has suspended. The liabilities exceed $285,000; assets unknown, but said,to be sufficient to yield a percentage.

4. May 1, 1877 The Daily Gazette Wilmington, DE
Article from The Daily Gazette, May 1, 1877

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P The Dime Savings Bank of Bethlehem, Pa., suspended yesterday morning. Its liabilities are over $285,000. No statement is made of its assets, except that they will be "sufficient to yield a fair percentage." -

5. May 1, 1877 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, May 1, 1877

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Pennsylvania. BANK SUSPENSION. BETHLEHEM, PA., April 30.-The Bethlehem Dime Savings Bank has suspended. Liabilities over a quarter of a million.

6. May 2, 1877 Morning Appeal Carson City, NV
Article from Morning Appeal, May 2, 1877

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********) JO****** non don. His law library has been removed for sale, and it is rumored that his dwelling has also been sold. New York, May 1. -The Snn says that according to a rumor circulated extensively yesterday, and believed by some, that the Stevens battery has been sold to the Russian Government for $1,000,000. This report is emphatically contradicted by Shippen, one of the executors of the Stevens estate. The battery still lies in the Hoboken dock in which it was built, having never been launched It needs but its armament to be ready for use, but this would cost between $300,000 and $400,000. The Tribune says the Russian Minister Schishkin, is still in the city staying at the Clarendon. His visit is supposed by many to have a political significance, either in connection with the movements of the Russian fleet, or the purchase of arms for the Russian Government. He refused to be interviewed. The Turkish Minister is also in town, and rumor associates his visit with the sale of the Stevens Battery and the purchase of arms and equipments. Shearer, the Turkish Consul in this city said yesterday that dealers in all kinds of supplies called daily upon him asking for contracts to supply the Turkish Government; but as yet he had received no authority to purchase anything. Arms are being manufactured at Providence for the Government. They were contracted for at he was of the arms men Shearer thought Constantinople. there by Russian danger When of of the war, asked capture if said that he had not heard of any Russian cruisers in the Atlantic, and he did not think the Russian fleet now here had such intentions. The vessels that carried the arms were fast sailors and at Gibralter they would be met by a Turkish convoy. A larger number of Hungarians and Poles he said came to his office to be taken into the Turkish army; that the Hungarians should be enemies of Russia he could not understand, but a large number of the Poles who applied were from Austria. He was not authorized te enlist or transport any men. Neither the Turkish Minister nor himself had received any instructions to purchase the ironclad Stevens battery. Bethlehem, Pa., April 30. The Dime Savings Bank has suspended. Its liabilities exceed $285,000; assets unknown. Albany, April Information was laid before the Governor to-day that the examination of the New York and Erie Bank of Buffalo was stopped under very suspicious circumstances, at a time when it owed the State $119,000. Boston, April R. Stedman & Co., crockery and glassware, have called a meeting of their creditors. Liabilities reported at $118,000. Buffalo, April 30. -Chester, Morgan & Arend, well-known dry-goods and carpet dealers, to-day made an assignment. Liabilities, $250,000; nominal assets, estimated at $200,000. London, May 1.-A special from Liverpool says an officer of the transport service is now there surveying vessels which would be available for Government service in the removal of troops in the event of war. This is being done purely as a precautionary measure. Louisville, April 0.-Henry Watterson has accepted an invitation to deliver the memorial address on Decoration Day over the Union soldiers buried in the National cemetary at Nashville. Chicago, April 30. A Times Bloomington special says Reports received here to-night at the telegraphic headquarters of the Chicago, Alton and St. Louis Railroad, say that a terrible accident happened near Chicago about 6 o clock this evening. As the switch-engine of the Chicago, Danville and Vincennes Railroad was coming out of Chicago, when at Twentysixth street, the engine jumped the track from some unknown cause and was completely overturned. Eight or ten passengers were on the engine, none of whom had time to jump Five are reported killed, lying under the pon derous locomotive. Two escaped with terriole injuries, the engineer having both legs broken. One of the killed was a fireman of th the a night at engine, operator and another, the Danville Chicago and crossing, Alton named Fahey. New York, May 1. A Times Philadelphia dispatch proceedings are about to be for over a Ired commenced and fifty says million the recovery dollars of of city property hunby the heirs of who lied in 1802. includes The Colonel three property Henry churches, claimed Becker, in dozen Philadelphia a large manufactories, one of them an immense ugar refinery, and five blocks of dwellings. Among these are the residences of ex-mayor ox and ex-City Treasurer Pierson. York venue is near the business portion of the city, ne end being devoted to manufactories and he other to handsome residences. 30. An old feud culminaed in a De Of Meridian, Kemper terrible April county tragedy Mississsppi. yesterdey st Kalb, On Thursday last K. W. Galby, a prominent Democratic citizen, was waylaid and assassinated, and upon the affidavits of two negroes, T everal of the alleged conspirators in the assasnation were arrested. Yesterday afternoon large of men upon prison, J. P. Gilmer, John illing party fired A. McClelland, the hisholm and David Rosser, and mortally

7. May 3, 1877 The Toledo Chronicle Toledo, IA
Article from The Toledo Chronicle, May 3, 1877

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the terms of the existing treaties with all Indians; appropriations for consolidating the agencies; appropriation for educational purposes; discontinuance of tribal rela tions; extension of the law for the protection of life and of land; astablishment of industrial and agricultural boarding-schools, and compelling the attendance of all between seven and eighteen years; the issue of supplies to be made to heads of families; increased salaries to Indian Agenta THE suit, in New York, of the En. glish owners of the famous Emma Mine against Trenor W. Park and others, whosold it, to recorer the $5,000,000 paid for it, alleging there was fraud, deceit and misrepresentation on the part of Mr. Park in regard to the resources of the mine, resulted, on the 29th ult., after a four months' taial, in verdict for the defendants SEVERAL members of the St. Louis Whisky Ring, who wepe.contenced to pay a fine and to nominal imprisonment, a year ago, but who had never paid were arrested in that city on the 28th ult. One of them paid the fine($1,000) and was released, but the others gave bail in $1,500. These arresta were made under the direction of Dist. Att'y Blies, in per suance of a recent decision of the Secretary of the Treasury that measures must be taken to collect all unpaid fines in the whisky cases. An Omaha dispatch of the 29th ult. says information from nearly all Nebraaka was to the effect that the heavy snow and rain storm of the previous three days had destroyed all the grasshoppers. The weather was intensely cold, and froze the 'hoppers to death. Experiments in, thawing them out showed no signs of vitality. Two HUNDRED AND FIFTY employes, mostly females, in the employ of the Bureau of Engraving and Printing, in Washington, were discharged, on the 30th ult. THE Dime Savings Bank, at Bethlehem, Pa., suspended, on the 30th ult., with liabilities exceeding $285,000; assets unknown. PERSONAL. Gov. PACKARD issued a lengthy address to the Republicans of Louisiana, on the 25th, and, early on the morning of that day, he and his adherents, except one Metropolitan policeman, left the State-House. At noon the Leginlature adjourned from Odd Fellows' Hall to the St. Louis Hotel, where it reassembled and proceeded with its business. CALEB CUSHING, x-Minister to Spain, arrived at New York on the 26th. GEN. SHERMAN IS said to be of the opinion that the war in Europe will be of long duration. and involve other Governments beside Russia and Turkey. He states that American officers desirous of visiting the scene of operations can only obtain leave of absence on halfpay, if at all, and that they will be debarred from engaging temporarily with either army. THE fifty eighth anniversary of Odd Fellowship in America was celebrated in many sections of the United States on the 26th. IN the divorce case of Ann Eliza vs. Brigham Young, Judge Schaeffer has decided that there was no marriage between the partien, and that hence the plaintiff is not entitled to a decree of divorce. The Judge also decides that, for the menial service which she rendered unto the Prophet during the years of their joint polygamous career, as man and wife e facto, she would be entitled to recover a reasonable com pensation; but, as she has already received in the form of alimony, during the pendency of the litigation, a sum in excess of the value of her services as shown in the proof, she has exhausted her legal claim upon Brigham's estate, and must look to the law for no further conso lation. JOHN E. KING has been appointed by the President Collector of Customs of New Orleans. THE resignation of A. M. Clapp, Public Printer, was tendered, on the 30th ult., and J. D. Defrees was appointed to succeed him. Ex-SENATOR WILLIAM G. BROWNLOW died at his residence in Knoxville, Tenn., on the 29th alt.

8. May 8, 1877 The New Bloomfield, Pa. Times New Bloomfield, PA
Article from The New Bloomfield, Pa. Times, May 8, 1877

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Another Bank Failure. BETHLEHEM, Pa., April 30.-The Dime savings bank of Bethlehem suspended this morning. The liabilities exceed $285,000. Assets unknown, but claimed to be sufficient to yield a fair percentage. The bank declined to make a statement.

9. May 9, 1877 Mineral Point Tribune Mineral Point, WI
Article from Mineral Point Tribune, May 9, 1877

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months' on the 29th ult., after a four trial, in a verdict for the defendants. SEVERAL members of the St. Louis Whisky and Ring, who were sentenced to pay a fine who to nominal imprisonment, a year that never paid the fine, were fine on the 28th ult. One of them and was released, but the gave in $1,500. These arrests under ($1,000) had city bail the were arrested ago, paid others made but the in direction of Dist.-Att'y Bliss, in suance the of a recent decision of the Secretary pur- of collect Treasury that measures must be taken to all unpaid fines in the whisky cases. AN Omaha dispatch of the 29th ult. Nebraska says information from nearly all sections of and was to the effect that the heavy rain storm of the previous three days snow had destroyed all the grasshoppers. The weather death. was intensely cold, and froze the 'hoppers to Experiments in thawing them out showed no signs of vitality. Two HUNDRED AND FIFTY employes, mostly females, in the employ of the Bureau of Engraving and Printing, in Washington, were discharged, on the 30th ult. Savings Bank, at suspended, on the 30th $285,000; assets hem, bilities THE Pa., exceeding Dime ult., unknown. with Bethle. liaTHE public debt statement for April shows the following: Coin bonds outstanding, $1,688,020,750; in total debt, $2,224,658,503; cash Treasury, $154,299,886; debt, less decrease Niagara water-power on $4,315,510. Treasury, THE the American $2,070,358,917; during cash property April, in the side was sold at auction on $71,000. be 1st, and bid in by a Buffalo gentleman at A SECTION of the northeast corner of the New York Postoffice building fell of the 1st, while men were at supports which had been afternoon moving t while placed work on under the remaking repairs. Of the ten men at work in theroom at the time of the accident, two injured. were killed, and one fatally and others slightly A JACKSON (Miss.) Associated Press dispatch of the 1st says that, on the evening of 6th ult., John W. Gully, a prominent citizen of Kemporia, was assassinated by an unknown party. On the 28th, two colored men made in affidavit that Benj. Rush, a white man, did the deed, and that Judge Chisholm, who ran for Congress on the Republican ticket in the Third District, last election, hisson and Gilmer, Rosenpaum and Hopper, preaninent white of and instigated the Chisholm ans, knew Republi- crime. and son were arrested and imprisoned at De Kalb. Mrs. Chisholm and laughter insisted on sharing their confinement. the 29th Chisholm sent to for whom a warrant had On for Sunday, Gilmer, been Scooba issued. Gilmer came, and on his arrival was arrested; but just as be arrived at the jail was set a and killed. The was by overpowered mob jailor upon then by the mob, who immediately attacked Chisholm, mortally wounding him his son. Miss her father, shot and killed fending and killing Chisholm, Dr. in Ross. deer, and Mrs. Chisholm young a son of Gully who was was also ted. Miss Gully, Chisholm severely assassina- wounded and Hopper were the ed. woods Rosenbaum seriously carried wound- to by the mob, to extort from them the whereabouts of Rush, the alleged assassin of Gully. It is supposed Rosenbaum and Hopper were hanged. It is reported that a is existing state of affairs throughout that horrible seetion. The people are wild with excitement, and other hangings will probably follow." IN New York City, on the 2d, the Grand Jury found indictments against Dr. Thomas S. Lambert, President: James Cruikshank Secrotary, and Alex. J. Reid, Cashier, of the Ameri= can Popular Life Insurance ng with having i them Company, subscribed charg- to sworn statement of the financial the company in are Dr. Lambert lition facts of misrepresented. which was held con- the in ball of $10,000. and the others were held in the sum of 85,000 each. Indictments for offense were also found and J.P. similar W. Frost. President, Rogers, against Secretary, Luther a of the Continental Life Insurance Company, but they had disappeared from the city,

10. May 10, 1877 Wood County Reporter Wisconsin Rapids, WI
Article from Wood County Reporter, May 10, 1877

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THE EAST. THE SUIT, in New York, of the English owners of the famous Emma Mine against Trenor W. Park and others, who sold it, to recover the $5,000,000 paid for it, alleging there was fraud, deceit and misrepresentation on the part of Mr. Park in regard to the resources of the mine, resulted, on the 29th ult., after a four months' trial, in a verdict for the defendants. THE Dime Savings Bank, at Bethlehem, Pa., suspended on the 30th ult., with liabilities exceeding $285,000; assets unknown. THE Democratic State Convention of Pennsylvania has been called to meet at Harrisburg on the 8th of August. THE Niagara water-power property on the American side was sold at auction on the 1st, and bid in by a Buffalo gentleman at $71,000. SENATOR BLAINE has been recently chosen, for the eighteenth time, chairman of the Maine Republican State Committee, he having already served seventeen years in that capacity. A SECTION of the northeast corner of the New York Postoffice building fell on the afternoon of the 1st, while men were at work removing supports which had been placed under it while making repairs. Of the ten men at work in the room at the time of the accident two were killed, and one fatally and others slightly inured. STATE SENATOR WOODIN, of New York, testified at Albany, on the 2d, relative to the charges in the alleged confession of Wm. M. Tweed, to the effect that in no possible shape had anything of any value passed through his hands, or been received by him, in consideration of any vote or act done by him in the Legislature or out of it for the benefit of William M. Tweed or anybody associated with him (Tweed); he never received any money from Tweed, Winslow or Hastings. Gov. FAIRBANKS, of Vermont, has reprieved John P. Phair until April, 1879. GOLD closed in New York, May 3d, at 107. The following were the closing quotations for produce: No. 2 Chicago Spring Wheat, $1.747/@1.75; No. 2 Milwaukee, $1.98; Oats, Western Mixed, 50@67c; Corn, Western Mixed, 671/@68c; Pork, Mess, $16.10; Lard, $10.10; Flour, good to choice, $8.15@8.25; White Wheat Extra, $8.30@8.80; Cattle, 10@ 113/4C for good to extra; Sheep, $5.50@7.25; Hogs, $5.75@6.00. AT East Liberty, Pa., May 3d, cattle brought: Best, $5.75@5.80; medium, $5.25@ 5.50; common, $4.75@5.00. Hogs sold-Yorkers, $5.40@5.65; Philadelphias, $5.90@6.00. Sheep, $4.50@6.25, according to quality. IN New York City, on the 2d, the Grand Jury found indictments against Dr. Thomas S. Lambert, President; James Cruikshank, Secretary, and Alex. J. Reid, Cashier, of the American Popular Life Insurance Company, charging them with having subscribed to a sworn statement of the financial condition of the company in which the facts are misrepresented. Dr. Lambert was held in the sum of $10,000, and the others were held in the sum of $5,000 each. Indictments for a similar offense were also found against Luther W. Frost, President, and J. P. Rogers, Secretary, of the Continental Life Insurance Company, but they had disappeared from the city.