1776. Staffordville Savings Bank (Staffordville, CT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
November 28, 1872
Location
Staffordville, Connecticut (41.994, -72.259)

Metadata

Model
gpt-5-mini
Short Digest
317bc771

Response Measures

None

Description

Articles (Chicago Daily Tribune 1872-11-28 and The Press 1902-11-20 reprinting 'Thirty Years Ago') report that through the failure of Stanfield, Wentworth & Co. the affairs of the Staffordville Savings Bank were brought into such a condition that the Bank Commissioner petitioned for the appointment of a receiver. No run or depositor agitation is described. OCR dates/wording corrected (The Press item references 'Thirty Years Ago' and an erroneous 'November 31' in the excerpt).

Events (1)

1. November 28, 1872 Suspension
Cause
Government Action
Cause Details
Bank Commissioner's petition for appointment of a receiver after failure of correspondents/connected firm Stanfield, Wentworth & Co.; bank affairs in such condition as to require a receiver.
Newspaper Excerpt
Through the failure of Stanfield, Wentworth & Co., the affairs of the Staffordville (Ct.) Savings Bank have been brought to such a condition that the Bank Commissioner has petitioned for the appointment of a Receiver.
Source
newspapers

Newspaper Articles (2)

Article from Chicago Daily Tribune, November 28, 1872

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Article Text

GENERAL NEWS ITEMS. The Oshkosh Daily Times is suspended, as a non-paying institution. -Seven sail vessel and one propeller are to be built at Manitowoc this winter. -It is proposed to separate Detroit from her county town, and create a new county, in Michigan. The scientific men who are to pass the winter on Mount Washington are trying to teach a Newfoundland dog to go down the mountain for their mail and do other errands. Colonel Johnson, who claims to be the owner of a newly-discovered silver mine at Winneconne, has gone to Philadelphia with two barrels of rocks, which he will have tested. -Through the failure of Stanfield, Wentworth & Co., the affairs of the Staffordville (Ct.) Savings Bank have been brought to such a condition that the Bank Commissioner has petitioned for the appointment of a Receiver. -Mr. Gilmore, of Bullock County, Ga., killed his niece about eighteen months ago, because she testified against him in a church scandal investigation. He was acquitted on the ground that the shooting was accidental. -It is not fashionable this season to offer your guests wine when they call on New Year's day. If this rule can be successfully and continually applied, it will abate two great nuisances - fashionable drunkenness on New Year's day, and New Year's calls in the manner they are now made. Good. -Some of the leading men of Winchendon, Mass., propose to emigrate to the West. c. W. Bowker, G. A. Litchfield, and Isaac J. Dunn have already purchased-land-in Michigan for building purposes, and will at once start an establishment for the manufacture of chairs. Eight or ten other gentlemen have signified their intention to join them. -The Springfield Union is a little hard on the Yale boys of the present day, when it says the reason why Professor Tyndall thinks so much of the Yale boys, and so effusively accepts the invitation to lecture before them, is because they afford so brilliant an illustration of his views concerning the inefficiency of prayer. Probably they are prayed for harder, and get salvation slower, than any other set of young men in the country. -At Reedsburg, Wis., two boys of respectable parentage chased and badly frightened a young girl, and on their return from their sport, boasted that they had caught and outraged her, which, it appears, was untrue. But their brutal conduct and actions becoming public, they were arrested on a charge of rape, and were obliged to leave the country to escape prosecution, and probable conviction, on their own unfounded boasts. The sport which ended so seriously occurred on Sunday.


Article from The Press, November 20, 1902

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Article Text

THIRTY YEARS AGO. [Items of local interest taken from the columns of The Press, thirty years ago.] November 31, 1872. H. G. Royce is erecting a large barn upon Prospect street, for the use of Shaw & Sibley of the Oronoco stables. Last Sunday morning brought a depth of snow sufficient to give path shovelers their primary lesson for the season, and also a wintery atmoephere, which has kept the same from disappearing. Through the failure of Stanfield. Wentworth & Co., the affairs of the Staffordville savings bank have been brought to such a condition that the bank commissioner has petitione 1 for a recei ver. Main street west of the depot is being worked to its Improvement by cutting down the summit of the rise and carting the surplus earth to the level east of the depot, also the owners of real estate on the south side of the street will put in curbing for a side walk from the Mineral Springs Co's office to the Warren block. Messrs. Heald & Baker are furnishing sewers to carry off the surp'us water about Central block. These are all very much needed improvements. Warren's block looks much better since its enlargement, and is a fine appearing building. The old savings bank is to occupy the new part below, and the room it now occupies is to be fitted for a store. The bank gets a larger room by the change and one especially fitted for it. Lawyer S.H. Seward takes the new portion on the second floor, and Dr. Smith adds Mr. Seward's present quarters to his dental apartments. J. W. ChandJer also has has his office with Mr. Seward, for his real estate and insurance business. Married : -Stafford Springs Nov, 20th, 1872, Rev. E. Benton and Mrs. Louisa T. Phelps, both of Stafford Springs