Stonington Bank - Stonington, CT

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: March 29, 1903
Location: Stonington, Connecticut (41.336, -71.906)

Metadata

Model: gpt-5-mini
Short Digest: 2aef5485

Response Measures

None

Description

The sole mention in the articles is: Year's extension of time given Stonington, Conn., bank to pay depositors. This indicates the bank suspended payments and was granted extra time to settle depositors, with no mention of a depositor run or of permanent closure or receivership. It is ambiguous whether this was a liquidation or temporary suspension; I classify as a suspension without a reported run and assume eventual resumption/settlement (suspension_reopening). Cause coded as voluntary_liquidation is possible (extension to pay depositors), but the record is unclear.

Events (1)

1. March 29, 1903 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank was granted an extra year to pay depositors (extension to settle claims), suggesting voluntary winding-up or inability to meet payments immediately.
Newspaper Excerpt: Year's extension of time given Stonington, Conn., bank to pay depositors
Source: newspapers

Newspaper Articles (1)

1. April 1, 1903 News and Citizen Morrisville, Hyde Park, VT

Article from News and Citizen, April 1, 1903

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Article Text

Luzon; Lieutenant Reese of Macabebe scouts killod—Burdick's cousin on way to Buffalo with avowed intention of avenging murder—Text of Irish land bill published in London; United Irish League of America sends $10,000 to help the cause—Rev. J. F. Styles and 20-year-old girl disappear from New London, Conn—Steamer Com- monwealth sails from Boston with the largest number of salbon passengers ever taken from Boston on a regular trip—Alfred G. Vanderbilt to apply for certificate of citizenship in Rhode Island—Favorable progress made in the negotiations between the New Haven road and the trairmen—Gertie M. Kimball, aged 13, missing from her home at Lebanon, N. H. SUNDAY, MARCH 29. Conflict in Lowell of 18,000 mill op- eratives to secure an increase of 10 percent in wages precipitated by the shutting down of seven big mills; labor men predict a determined fight— Cuban senate ratifies the reciprocity treaty without change—Lioness shot at Pittsfield, Mass., after attacking horse; her cage mate, also freed by accident, captured after chase through streets; attendant badly bitten—R. P. Southgate, millionaire hotel man, driven insane by love affair—Athletic association among minor New Eng- land colleges contemplated—President Roosevelt announces his itinerary for bis record-breaking trip of 66 days, when he will visit 22 states and travel 14,000 miles—Rumor that Mrs. Joseph Chamberlain, wife of British colonial secretary, is to be created Viscountess of Highbury—Four Gloucester fishermen rescued off Nova Scotia after being four days in an open boat without food or water—Year's extension of time given Stonington, Conn., bank to pay depositors—Nego- tiations for a settlement of the Haver- hill, Mass., shoe condict are practically off—Shamrock III a distinctly Brit- ish boat—Cost of the coal strike com- mission only about $38,000—Evidence comes to light that Arthur R. Pennell bought a revolver same day Burdick was found dead—Maine legislature adjourns after defeating St. Louis fair appropriation—Twenty-eight killed and 50 injured in Russian strike riot —Guatemala stricken by volcanic outbreak. MONDAY, MARCH 30. Death at Chicago of G. F. Swift, refrigerator car pioneer and head of great packing concern—Many op- eratives joining Lowell unions to se- cure strike benefits—Robert M. Baker and John B. Kenerson, Dart- mouth college students, drowned at Hanover, N. H., by capsizing of canoe —Miss Alice Roosevelt to christen the sultan's new cruiser—Party lines lost in Chicago in Harrison-Stewart mayor- alty fight—President wants a full in- vestigation made of postoffice depart- ment—Admiral Coghlan reports in- surgents in control of Honduras coast —West Point team wins the inter- collegiate fencing championship Mayor Grant of Lawrence, Mass., pre- fers charges against license commis- sioners—Massachusetts holding her own in cotton mill race with the south —Man arrested at Seattle, Wash., Identified as Gallagher of Taunton, Mass., wanted on murder charge— Mob at Bramwell, W. Va., tears jail to pieces trying to get at a negro— President decides not to appoint George Sawter to office in New York—Death of John H. Studley, street railway man, at Boston—Frau Rothe, flower medium, sentenced to 18 months in prison at Berlin—Baron Whettnall, Belgian minister to the court of St. James, dead—Proposed abolition of Jesuit exclusion act doomed to defeat in Germany—Alleged plot to murder the czar during his coming visit to Italy —Lord Rosebery's daughter, Lady Sybil, weds son of Sir Robert Grant. TUESDAY, MARCH 31. Neither side departed from its an- nounced policy, and much-feared mill strike started at Lowell, Mass.: cot- ton manufacturing industry of the city practically suspended; 15,000 people out of employment; silent spindles represent capital of $10,000,000— Eighteen arrests at Waterbury, Conn., on charges of assault with intent to kill, in connection with trolley strike —Hans Peterson and wife, an aged couple, accidentally asphyxiated by illuminating gas at Cambridge, Mass —Alleged incendiary fire at Wake- field, Mass., causes damage of $3000; panies—Congressman Hull thinks citizens alarmed at number of recent fires—Burdick inquest closed at Buf- falo—Young woman at Salt Lake asleep 28 days—Lieutenant Hender- son, U. S. N., commits suicide at Fall River—Charge of murder on bark- entine James H. Hamlen to be investi- gated at Portland, Me—Comptroller Grout of New York recommends the removal of Fire Commissioner Sturgis —Lawrence, Mass., license commis- sioners secure an injunction restrain- ing mayor from holding hearing of charges against them—Postoffice de- partment investigating turf com- panies—Congressman Hull thinks Filipinos will make loyal American