16634. Spring Garden Bank (Philadelphia, PA)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
January 30, 1896
Location
Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model
gpt-5-mini
Short Digest
e6da02c8cda361f2

Response Measures

None

Description

Article (Delaware Gazette 1896-01-30) reports the receiver of the Spring Garden Bank has filed suit to recover >$141,000, indicating the bank was in receivership/closed. No mention of a depositor run or temporary suspension/reopening in the text. No U.S. foreign-location issues. The Gunnison article merely references the bank historically and provides no new event detail.

Events (1)

1. January 30, 1896 Receivership
Newspaper Excerpt
The receiver of the Spring Garden Bank has filed a claim in his suit against Charles H. Barritt, brought to recover more than $141,000 in unpaid discounted paper and alleged overdrafts.
Source
newspapers

Newspaper Articles (2)

Article from Delaware Gazette and State Journal, January 30, 1896

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Article Text

AFFAIRS. burns PHILADELPHIA Beatty died Friday of of lamp. sion John by the explosion grain commiss merchant. 66 caused Jesse R. Tomlinson, died Wednesday, a aged plumber, and Union veteran, John years. S. McGinley, died a master on Saturday, aged 51 years. died of Charles Wetzel, injuries aged caused 67 years, by a fall from yesterday, Louie the a wagon. Calvin C. McNaughton Maus, 31 years. vice-president Lumber believed Co., of died Thursday, Young aged McAllister. in the United to William be the oldest Friday, optician in his 84th acquitted year. States, died James, colored, of was murder in having on William Friday caused of a the charge death of Isaac Tilgh- fell man. 4 years. pond near through John the Croesan, Trenton ice and and aged was Lebigh drowned avenues in a run over inth Friday. Torpey, aged 7 a years. trolley was car, at Twenty John and killed street by and Ridge avenue, new board of on Saturday. first meeting of the Electic Light Co., Friday, At directors the of the Charles Edison M. Swain was a elected Edward president B. Neafie, aged Wednesday 34 years, Neafie by a into the machinist, was hold killed of a vessel at fall shipyard. elected presiGeorge at the & dent William Levy of the H. society Lucas annual of was meeting the Sons held of last St. Thursday Porter evening Metz, George of the W. long Metz last es- & tablished Robert firm manufacturers, of died Sous, brush 79th Thursday, in his meeting of last the J. Pennsylva Caleb Milne, At the 109th Prison annual Society, president,an held Thursday, were re-elected. other officers Hall died Saturday being struck night Townsend injuries received at by Thirty first and of by a trolley Garden car streets, Monday week. Spring Gabriel's Catholic Chapel,at Thir was dedicated The St. and Reed Archbishop streets, Ryan. sermon was D. McCort, D. Sunday tieth by preached by the Rev. John of the meeting The fifth annual was held Thursday the Union A evening S. Netherlands Baker at being Society elected League, president. William the dinner followed. adjourned meeting of Valley stockholders Wednesday, At the of the Lebight President were Railroad Co., present board of direcinvited The Alumni designs Wilbur tors and re-elected. the Association of and pro- Girard of Stephen posals College for has which a bronze it intends statue to erect in front Girard, of the City Taylor Hall. of Booneville, Dr. Marcus died in L. the University malaria, Hos. conMiss. pital on while riding Saturday 170 of miles through Amaltracted to visit a sick friend. of the a storm The central committee of Street Railway ex has adopted National PresiEmployes gamated Association in resolutions pressing confidence and methods. dent Mahon's character said Thursday Director Thompson of the city water the present are adequate sources for the will existing give supply and that tiltration any in demands, Philadelphia as pure water as the world. the office of Boericke was & Tafel, A safe No. in 1011 Arch night street, or Sunday 'cracked Saturday $200 in currency secured and $8,000 in morning, registered and bonds were by the burglars. Elecstockholders of the Edison meetLight Co. held the of board tric The Wednesday and re-elected their the annual exception old A. Coffin, whose ing managers, with place was of filled Charles by John S. Stevens. the barrel While trying to held blow by into his brother, of John an air Grinstone, gun, edental aged 14 discharge years, was of the killed weapon by the at Mt. Moriah cemetery Thursday. receiver of the Spring statement Garden of The Bank has filed a Charles H. claim National in his suit against recover more than $141,000 Barritt, brought on unpaid to discounted paper alleged overdrafts. and The annual report of the made chief Thurs- engithe bureau of fire, 2,120 fires neer of that there were 1,710 day, states with during 1895, The as losses compared by fire last year amounted 1894. to $1,640. 409. 10th annual dinner of the Phila Assodelphia The Hardware Merchants' night at the ciation was given William Thursday W. Supplee, Union League. president, acted as toastSamuel Dieston. master the retiring and introduced his successor, raided a number of The police late Saturday night. by 'peak-easies' will be followed hereafter Linden in by Judge for the of arrests on of This Superintendent plan opinion Sundays consequence Arnold the making classes of offences is not lawful. the certain letter to the stockholders Friday, of In a Electric Light Co., on direcWilliam Edison D. Marks resigned as opinion and stated that he had the lease tor, leading: *lawyers that and any franof two company's property what of chises the will be illegal. no matter Councils may enact. ordinances Judge Hare Thursday Gustave revoked Gerst- the license of Lehigh retail liquor Fillmore street and stipula lauer, because he violated granting avenue, tions imposed by the court would in close b18 the license, at 11 that p. m. he and not seil liquor bar-room for consumption off the premises. the Dallas has dismissed William peti- K. Judge of Jam% Marwick, of Kurtz tion and Jacob O. Field, holders stock. 5,600 shares of Reading railroad in the intervene as parties defendant Reading to for the foreclosure of the degeneral suit mortgage. The petitioners hiect to the foreclosure. sired to Philadelphia Alumni of Lehigh dinThe its fourth annual University Friday night.at held the Manufacturera' ner


Article from Gunnison News-Champion and Tribune, October 21, 1904

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Article Text

SUBPLUS N BRAT. Comparison by Mryaa w the Cream of Clovdand's remisteration Speaking of the panic of 1893. ww liam J. Bryan says in the current w sue of the Commoner: "The first indication of its coming appeared November 11. 1830, when the New York Clearing House sam ciation voted its certificates to banks in need of assistance. November 18 the Boxton Clearing House did'llkowise. Barker Bros. & Co., bankers of Philadelphia, failed with liabilities of $5,000,000. Mr. Bryan then gives a long list of failures, beginning with the United Rolling Stock Company, of Chicago, November 22, 1830, and ending with that of the Spring Garden Bank, of Philadelphia, May 8. 1801. Then came the Homestead and other great labor troubles. followed by the election of Cleveland to the Presidency. In May. 1893. there were more failures, and finally the raids on the United States Treasury. January 17. 1894. the Administration ordered s $30,000,000 bond issue. August 1, 1894. the Wilson tariff went into offect." Continuing with his most interest ing and timely retrespect, Mr. Bryan says: "It will be observed that the Clere land Administration ordered the sre.000,000 bond issue January 17, 1894. That was seven months before the Wilson bill became a law. Perhape It is not significant, but in view of Mr. Roosevelt's claim. it is at least Interesting. that the first Indications occured nette more of 1800, the a pasic than November thirty days 11. after the McKinley tariff bill became a law. From that date the panic raged and while its effects were felt for several years, it reached its worst stage in 1883 and during the early days of 1894. during all of which time the McKinley tariff law was in effect. "It may not be out of place to point out that when the Democratic Administration surrendered the reins of gevernment. March 4. 1889. there was is the Federal Treasury the largest surplus in history. When the Republican party went out of power. March 4. 1893. there was a large deficit and the incoming Administration was finally persoaded to make the bond issues which its Republican predecessor had at one time thought to be necessary, but had skillfully avoided."