17098. Merchants Bank (Providence, RI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 27, 1895
Location
Providence, Rhode Island (41.824, -71.413)

Metadata

Model
gpt-5-mini
Short Digest
739838d5b4498ad6

Response Measures

None

Description

Articles (both reprints) report depositors discussing appointment of a receiver and voting to continue the present scheme of liquidation, indicating the bank was in liquidation/closed. No run is mentioned. Cause for suspension/closure appears to be voluntary liquidation. OCR is straightforward; no corrections made.

Events (1)
1. March 27, 1895 Suspension
Cause
Voluntary Liquidation
Cause Details
Depositors voted to continue a scheme of liquidation rather than ask for appointment of a receiver; bank in voluntary liquidation.
Newspaper Excerpt
The depositors of the Merchants' bank yesterday considered the advisability of asking for the appointment of a receiver. After a long discussion it was voted to continue the present scheme of liquidation and not ask for a receiver.
Source
newspapers

Newspaper Articles (2)
1. March 27, 1895 Pawtucket Tribune Pawtucket, RI
Article from Pawtucket Tribune, March 27, 1895

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Article Text

Won't Ask For Receiver. PROVIDENCE, March 27.-The depositors of the Merchants' bank yesterday considered the advisability of asking for the appointment of a receiver. After a long discussion it was voted to continue the present scheme of liquidation and not ask for a receiver.

2. March 29, 1895 The United Opinion Bradford, VT
Article from The United Opinion, March 29, 1895

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Article Text

Will Stick to Present Plan. PROVIDENCE, March 27.-The depositors of the Merchants' bank yesterday considered the advisability of asking for the appointment of a receiver. After a long discussion it was voted to continue the present scheme of liquidation and not ask for a receiver.