17158. Mechanics Savings Bank (Westerly, RI)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
savings bank
Start Date
*
Location
Westerly, Rhode Island (41.378, -71.827)

Metadata

Model
gpt-5-mini
Short Digest
c0509959522267bb

Response Measures

None

Description

The articles state the Mechanics Savings Bank of Westerly is in course of liquidation / in process of liquidation and has already paid 70% of deposits. There is no explicit description of a depositor run; the documents describe liquidation/closure. I therefore classify this as a suspension/closure due to voluntary liquidation (no run described). OCR variants in the articles: Mechanic Savings bank and Mechanics Savings bank refer to the same institution.

Events (3)

1. * Other
Newspaper Excerpt
has already paid seventy per cent. of the deposits. Mr. Desmond was permitted to examine into the condition of the bank in order to set a true valuation on the book of deposit which is a part of the estate.
Source
newspapers
2. * Receivership
Newspaper Excerpt
in process of liquidation
Source
newspapers
3. * Suspension
Cause
Voluntary Liquidation
Cause Details
Bank is described as in course of liquidation / in process of liquidation and has paid about 70% of deposits.
Newspaper Excerpt
Mechanics Savings bank, in course of liquidation
Source
newspapers

Newspaper Articles (2)

Article from Norwich Bulletin, July 25, 1911

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Article Text

fully recover from the effects of his near fatal experience for several days. Attorney J. J. Desmond of Norwich was in Westerly Monday in the interest of an estate he represents, that has deposits with the Mechanics Savings bank, in course of liquidation, and which has already paid seventy per cent. of the deposits. Mr. Desmond was permitted to examine into the condition of the bank in order to set a true valuation on the book of deposit which is a part of the estate. After the examination, Mr. Desmond was satisfied that the deposit was worth more than its face value. Overseer Archibald Meikle, the office force of the Westerly branch of the Lorraine Manufacturing company, and the overseers and office force of the home office in Pawtucket were entertained at the Warwick club, Saturday, as guests of Treasurer James R. MacColl. The party assembled at the mill in Pawtucket and went by special car to Providence, thence to the grounds of the club in East Providence. There were ninety in the party and the day's programme included a luncheon, a clambake and varied field and athletic sports, Mr. McColl gave personal attention to the pleasure of his guests. Thomas Spango and Richard J. Butler, Jr., who stand first and second in the eligible list in the recent examinations for substitute letter carrier and substitute clerk in the Westerly postoffice, have received temporary appointment by Postmaster Butler, pending action on the nominations which have been forwarded to the postoffice department. Mr. Spargo has been nominated for substitute letter carrier and Mr. Butler substitute clerk and both were assigned to duty Monday. Mr. Butler has been a special delivery messenger for three seasons, two at Watch Hill and one at Westerly and the nomination is in line of promotion, made possible by passing satisfactory examination and standing next to Spargo in order of merit. The body of Michele Dissandiss was taken from an abandoned quarry hole, known as the John Thompson quarry, adjoining the Crumb quarry company, property where deceased was employed, in the village of Bradford, town of Westerly. He boarded at Frank Cababo's in Peckham Hollow, saying that he was going to the quarry hole to wash his overalls, when he left the boarding house Sunday morning. As he did not return, search was made for him and his clothing was found Monday morning near the quarry hole, in which there is a depth of twentyfive feet of water The work of dragging the quarry hole was commenced and in a short while the body was recovered. Dr. J. Howard Morgan, medical examiner, was notified. Dr. Morgan made thorough examination and investigation, and is of opinion that death was caused by accidental drowning while bathing. Disandiss was thirty-three years of age, of robust build, and there is nothing to indicate that there was any violence in connection with the death. The body was taken by Undertaker Murphy to be prepared for burial. Disandiss leaves a widow and three children in Italy. Bolislam Wietzorek was arrested late Sunday night by Deputy Chief Brown, upon complaint of his wife, Walieria Wietzorek, who charged that her husband had returned from New London in a drunken condition and had beaten her unmercifully, and she said she believes he would have killed her if she had not escaped. The family resides in John street, and when the complainant told Officer Brown the story, her face and clothing were smeared with blood and her hair was disheveled. She claims her husband struck her in the face, causing her nose to bleed and then took her by the hair and pounded her head upon the floor. Officer Brown immediately proceeded to John street and took Bolislam to the police station, to be arraigned before the Third district court.


Article from Norwich Bulletin, March 1, 1915

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Article Text

sible. The first battalion. Major Johnson, composed of the First, Sev- enth, Ninth and Sixteenth companies, of Providence, will drill Monday nights The second battalion, commanded by Major Nolan, consisting of the Second, Third, Tenth and Thirteenth com- panies, of Providence, will drill Wed- nesday nights. There are but three Providence companies in the fourth battalion, the Fourth, Fourteenth and Seventeenth. This battalion under the command of Major Arthur N. Nash, of Westerly, will drill on Tuesday nights. The other companies, not lo- cated in Providence will drill as here- tofore. In connection with the new order the major commanding have issued special orders calculated to make the drills of the utmost vauue and take advantage of every minute of the al- lotted time of an hour and a half. ### Arguments of counsel on bill and answer in the case of Isaac Ellis against Horace Swan were heard by Judge Barrows in the superior court for Providence county, Saturday. The counsel are Harry B. Agard for re- pondent and Harry P. Cross for plain- tiff. This is a case that was heard at a session of the court in Westerly and relates to a lease of some grainte property in the village of Bradford held by Horace Swan of Westerly, which Mr. Swan seeks to annul, claiming that the grainte quarry had not been worked by Mr. Swan al- though he claims to have legal lease of the property for a long term of years. Mr. Ellis claims that the ex- istence of this alleged lease inter- feres with the sale of the property. Assigned for trial on Tuesday in the same court are the old suits of Al- bert B. Crafts against the Mechanic Savings bank of Westerly, in process of liquidation, and also in a case against Ira B. Crandall, of Westerly, a director of the bank. White Rock is a blindless village, as of the many well kept houses, all own- ed by the mill company operating in the place, not one is supplied with window blinds except the cottage occu- pied by the superintendent. The houses are practically of the same style of architecture, are all painted white and are in good repair. But the sanitary conditions of the village are inade- quate, causing much complaint of the residents thereof. There is no system of water supply, and therefore no sew- erage system or anything pertaining thereto, and the water used for drinking and domestic purposes is taken from the wells that are all too near to cesspools and the like. For years the residents have been appeal- ing in vain for the extension of the Westerly water system to the White Rock section of the town, but the mill company is silent on the very impor- tant subject. The system has been extended to Watch Hill, Pleasant View and Week- apaug, all within the town of Wester- ly, and even to Pawcatuck, in the town of Stonington and state of Connecticut. The mill company, which practically owns the village of White Rock, has made no application for the service, which, to be effective, would carry with it guarantee of sufficient patron- age and financial encouragement to warrant the expenditure of construc- tien and maintenance.