1706. Thames Loan and Trust Co. (New London, CT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 11, 1916
Location
New London, Connecticut (41.356, -72.100)

Metadata

Model
gpt-5-mini
Short Digest
80aca148

Response Measures

None

Description

Articles (Mar 11 and Mar 18, 1916) refer to proceedings involving a receiver for Thames Loan and Trust Co., including approval of receiver's account and an order to pay a fourth dividend to savings depositors. No run is mentioned; the bank is under receivership (i.e., suspended/closed) and appears to be in the process of winding up with dividends paid to depositors, so classification is suspension_closure.

Events (2)

1. March 11, 1916 Receivership
Newspaper Excerpt
the account of the S receiver for January, 1916, was filed and approved. ... order for payment of fourth dividend to savings depositors, were continued. ... Order passed for payment of fourth dividend to savings depositors. ... Order allowed compensation to receiver. Order passed for payment of final dividend. Order for discharge of receiver. (Mar 11 and Mar 18, 1916 articles).
Source
newspapers
2. March 11, 1916 Suspension
Cause
Government Action
Cause Details
Bank was placed in receivership by bank commissioners / court action (receiver's accounts referenced).
Newspaper Excerpt
Lippitt et al., bank commissioners, vs. Thames Loan and Trust Co., order for payment of fourth dividend to savings depositors
Source
newspapers

Newspaper Articles (2)

Article from Norwich Bulletin, March 11, 1916

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Article Text

ASSIGNMENTS MADE IN THE SUPERIOR COURT. Short Calendar Session at New London Presided Over by Judge Shumway. There was a short calendar session of the superior court in New London Friday morning, with Judge Milton A. Shumway presiding. The following jury cases were assigned for trial: Tuesday, March 14-Murphy et al. vs. St. Mary's Roman Catholic Corp., Hickey VS. Miller. Wednesday, March 15-Donnelly vs. Pratt, Parker-Davenport Co. vs. Stevens. Thursday, March 16 - Weeks vs. Shore Line Electric Railway Co., Daniels, administratrix, VS. city of New London. Tuesday, March 21 - Bialstock vs. Kirman, Soslowsky vs. Kozlovski, town of Montville vs. city of New London. Wednesday, March 22-Dwyer, administrator, VS. Savings Bank of New London. These short salendar matters were disposed of: The cases of Brown CS. A. W. Brown Furniture Co., approval of sales of leases by receiver: Black vs. city of New London, default for failure to plead; Cowhey et al. vs. Mulcahey, appeal from probate, argument of demurrer to plea in abatement, and Lippitt et al., bank commissioners, vs. Thames Loan and Trust Co., order for payment of fourth dividend to savings deposittors, were continued. The cases of Beckwith vs. Plimmer, appointment of guardian ad litem, and Coulter vs. Kinney, argument of demurrer and motion to expunge, went to off the list. An order was passed in the case of Fenton et al. vs. Fenton Building Co., correcting the amount allowed to Casper K. Bailey on his common claim and amounts allowed and disallowed to the Berlin Construction Co., on its common claims, and the account of the S receiver for January, 1916, was filed and approved. An argument of motion to expunge and demurrer to counter claim was V heard in the case of Bass vs. Symingt ton et al., and the judge took the papers.


Article from Norwich Bulletin, March 18, 1916

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Article Text

JURY CASES ASSIGNED IN SUPERIOR COURT. Short Calendar Session Held at New London- Friday. At the short calendar session of the superior court in New London on Friday, Judge Milton A. Shumway on the bench, the following jury cases were assigned: Tuesday, March 21, Donnelly vs. Pratt. Special assignments: Weeks vs. Shore Line Electric Ry Co. Daniels VS. City of New London. Wednesday, March 22. Bialstock vs. Kirman. Soslowsky vs. Kovlovski. Dwyer vs. Savings Bank of New London. Thursday, March 23, not specially assigned. Town of Montville vs. City of New London. Hickey vs. Miller. Rowe vs. Burrows. Friday, March 24, short calendar bar meeting and assignment of jury cases. Special assignments: Tuesday, March 28, Parker-Davenport Co. vs. Stevens. Court-Knickerbockers vs. Adams. The following short calendar matters were disposed of: Brown vs. A. W. Brown Furniture Co. Approval of sales of leases by receiver. Hearing on receiver's account. Order allowed compensation to receiver. Order passed for payment of final dividend. Order for discharge of receiver. Black vs. City of New London. Default for order to plead. Pleadings ordered in two weeks. Cowhey, et al. VS. Mulcahey, Ex. Appeal from probate, argument of demurrer to plea in abatement, postponed. Lippitt et al., Bank Commissioners vs. Thames Loan and Trust Co., order passed for payment of fourth dividend to savings depositors. Mack vs. O'Neil, judgment postponed. r Thames Loan and Thust Co. vs. e Manwaring, Jr., judgment for $2,530.20 7 Elgart vs. Elgart, argument of motion to expunge granted. Fillmore vs. Gager, motion for default denied. e Porter VS. H. B. Porter & Son Co., approval of monthly account of receiver. Contracts of receiver ratified. e Howe VS. Raymond, et al. JudgS ment without costs dismissing A. A. 1 Fournier as a party defendant for 1 plaintiff's failure to plead to plea. e Beckwith vs. Town of Waterford, arh gument of demurrer, postponed. e Hefflon vs. Town of Waterford, argument of demurrer, postponed. Porter VS. H. B. Porter & Son Co., y approval of appraisal on file and allowance of fees to appraisers. S Bell vs. Norwich Paper Mills, Inc., 1, allowance of fees to receiver, approval of receiver's final account and disa charge of receiver ordered. d It was shown that the creditors' 0 claims amounted to $11,408.11 and that d the receiver had in his hands more it than enough to pay these claims. 0 The receiver was ordered to pay over to the defendant all money above that y necessary to pay the claims. The reu ceiver was discharged from further control of the assets. The court deno cided that the company is able to reS sume business without the aid of a receiver. Approved Receiver's Acounts. y