1791. Thompsonville Savings Bank (Thompsonville, CT)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
savings bank
Start Date
January 5, 1878
Location
Thompsonville, Connecticut (41.997, -72.599)

Metadata

Model
gpt-5-mini
Short Digest
305d7d47

Response Measures

None

Description

Multiple contemporaneous newspaper notices (Jan 1878) report the Thompsonville Savings Bank (Conn.) was ordered by the State Bank Commissioner to suspend business pending an examination and was found to be unsound and forbidden to make further payments until liabilities were scaled. No article in the set reports a run, receivership, or permanent closing; reopening/ultimate fate is not reported here. I classify as suspension_reopening because there is a suspension with no documented run or receivership, and no evidence of permanent closure in these articles.

Events (1)

1. January 5, 1878 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank found to be unsound by State Bank Commissioner; payments of principal and interest forbidden pending examination and scaling of liabilities to assets.
Newspaper Excerpt
Jan. 5, the Thompsonville, Ct., savings bank. (listed among suspended) / The Thompsonville, Conn, Savings Bank is found to be unsound, and the Bank Commissioner has forbidden it to make further payments of principal or interest to depositors, until the amount due shall be scaled down according to the shrinking of assets.
Source
newspapers

Newspaper Articles (5)

Article from The Emporia News, January 11, 1878

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Article Text

SUSPENDED.-Jan. 3, Jacob Bunn's banking house, Springfield, Illinois, liabilities $912,000. Mr. Bunn has for forty years been the leading banker in central Illinois, and turns over all bis property to his creditors. Jan. 4, State savings banks of Indianapolis, Ind.; the Rollingsford savings bank, Salmon Falls, N. H.; J. N. Thomas' banking house, Des Moines, lowa. Jan. 5, the Thompsonville, Ct., savings bank. Jan. 7, Pottsville, Pa., bank elosed, Also, Peddecord & Burrows bank, at Decatur, III, Jan. 8, the second national bank of St. Louis closed, but will pay all depositors in certified checks on the fourth national bank.


Article from Juniata Sentinel and Republican, January 16, 1878

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BANKS. The great Barrington Savings Bank Mass., has suspended payment pending an investigation by the State Bank Commissioners. The officers aro confident that the bank can meet all its liabilities. The deposits are $407,000 and the total liabilities $414,000. Hickox & Spear, suspended bankers of San Francisco on the 7th, made an assignment to their creditors. Assets, $358,180; liabilities, $355,400. The statement of Peddicord & Burrows' bank, Decatur, III, shows the habilities to be $90,000; assets, nearly $300,000. It is believed the institution will shortly resume. The following notice was posted on the doors of the Pottsville Bank on the morning of 9th ; "By the unanimous decision of the Board of Directors this bank will not be open for receipts or payment of depositors unless otherwise directed by the stockholders." But little is known of the bank's actual condition, but information from reliable sources places the amount of deposits at less than $15,000. It is believed the bank has suspended for the purpose of going into liquidation. The managers of the Pittsburg savings banks have decided that five per cent. will be the maximum paid on deposits for the ensuing year. A dividend of eight per cent. on the capial stock (out of last year's earnings) has been declared by the Farmers and Mecharies' Bank of Saltsburg. The bankers of Buffalo, N. Y., have unanimously resolved to co-operate with the banks of New York city in any action they may take to oppose the Bland Silver bill. The Thompsonville, Conn, Savings Bank is found to be unsound, and the Bank Commissioner has forbidden it to make further payments of principal or interest to depositors, until the amount due shall be scaled down according to the shrinking of assets.


Article from The Lamoille News, January 16, 1878

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Eastern and Middle Stat The Rolinsford Savings Bank of Falls, N. H., has decided to close up as far as possible, owing to the depr the times and the Woburn (Mass. Savings Bank has been enjoined from ing further deposits. Four former managers of the Chr Life Insurance Company of Hartford have been indicted on the charge of et in combining to defraud the policy The complaint alleges misappropriatio assets of the company and other mal in office on the part of the accused. B. M. Greider's malt house in Ha Pa., was totally destroved by fire. Lo 000: insurance, $55,300. In Frankl Bailey's block was burned, causing $30,000, on which there is a partial in Governor Rice was inangurated at Mass., and Governor Conner at Augu A disastrous wind and snow storm Cod caused many wrecks and & larg life. According to the State census of N for 1875, just published, the total pc is 4,698,958, of whom the native born 8,503,300 and the foreign 1,195,658. T comprises 517,377 from Ire'and: 367,3 Germany 119,090 from England and scattering. The whole number of the State is 1,141,462, of whom 747 natives and 394,182 of foreign birth. The New York Aldermanic commi vestigating the ring frauds, have me port, in which they state that the t taken disclosed frauds upon the cit) enormous amount of $30,000,000, of wl only $876,000 has been recovered. TI states that all parties and organizati represented in these enormous frau the committee are of the opinion that aid of the testimony taken the city over $2,000,000 in suits now pending t. By a vote of thirteen to seven York board of aldermen passed reso recommend to the attorney-general poration counsel the release of Wi Tweed from imprisonment after sec the city such property as is still in hi sion and after taking such means to testimony in the future as may be necessary. A great amount of damage was doi recent severe storm on the Atlant Eight schooners and other vessels wer ashore. The steamer Old Colony, of York and Fall River line, had an accid pen to her machinery and drifted help the mercy of a high sea for eleven he was eventually towed out of danger port by a wrecking company's steamer J. F. Taft & Co.'s earthen and st establishment at Keene, N. H., was by fire. Loss, $15,000 partially insu The Thompsonville (Conn.) Savin has been ordered to suspend business State bank commissioner until an exa into its affairs can be made. The Ellengowan coal breaker at Sher Pa., was destroyed by fire, and a loss about $100,000 and fire in mine at Hill, Pa., burned fiercely for a long did a large amount of damage. A fire that broke out in the building by Houghton & Co., publishers, Ca Mass., destroyed 70,000 sheets of a Webster's dictionary, a large portio February number of the- Atlantic Mon an immense quantity of sheets of oth entailing loss of about $10,000. The Pottsville Bank of Pottsville, P its doors to depositors upon a resoluti board of directors. Resolutions in favor of remonetizi and repealing the resumption act b introduced in the Pennsylavnia Leg g Sarah Sharp and Etta Hazeltine, ag and fifteen, broke through the ice near Hyannis, Mass., and were drown t The annual auction of pews in Church, Brooklyn, brought lower pri in former years, $550 being the hig paid for a pew. The New Jersey Legislature organ elected George C. Ludlow presider a Senate and John Eagan speaker of tl d Governer Bedle's message was receiv Hon. William M. Evarts was elect e dent of the New York-Bar Association Governor Samuel J. Tilden one of presidents on the same ticket. Mrs. Mariam Berry, of New Durha d a widow of sixty four years, was she IS the presence of her family by John ham, her hired man, with whom Bbeen some dispu e in regard to the pt IS wages. Pinkham was found half e from the scene of the tragedy with cut. e Theodore R. Wetmore, late vice-pr e, the defunct Security Life Insurance of New York, found guilty of ma statements in regard to the compa er dition, was sentenced to one year's e ment at hard labor in the peniten a fine of $250. Mr. Case, the late pr d the company, was recently sentence p prisonment for the same offense. 18 Edward J. Dunning, a Wall stree has failed for nearly $600,000, seve y being among his creditors. The Republican State convention n Hampshire was held in Concord, nated B. F. Prescott. the present in W for governor and David S. Willard fo 1e commissioner. The platform ado d nounced any legislation, open or tending to repudiate the public debt 1resumption of specie payments, ec n public affairs approved of the efforts commerce, and opposed further land 4. regard to President Hayes and his e. platform says While we admit difference of opinion in respect to his ad we welcome and approve his pat r. sincere efforts to keep faith with t1 of and secure to the whole country the of a just, efficient and honest Repu 't tional administration. th Western and Southern S so Considerable excitement has been as the Black Hills by the discovery of of oil wells. 1e The death is announced of the Ho eMumford Pierson, chief justice of to Carolina three. supreme court, at the age of dThe drug manufactory of Murray ISChicago, was burned. Loss, $20,000 up William E. Smith, governor. and o an officers of Wisconsin, were inaugurate son. as Brown's block at Lagrange, Ind efstroyed by a fire. Loss, $30,000 we insured. At Ripon, Wis., Kellogg's burned, and a loss caused of $80,000 e; there is $25,000 insurance. A fly-wheel in the Globe rolling 11 cinati, Ohio broke, wounding three one seriously. The Ohio Legislature met and Young's message was read. on The anniversary of the batt'e of in leans was celebrated in that city b in military procession. stThe thirteenth annual conventio American Dairymen's Association wa nd Cleveland, Ohio, with a large atte a dairymen from the different Si ed Canada. The amount of cheese e Great Britain our chief customer ets was 110,000,000 pounds, worth $ all and 14,000,000 pounds of butter


Article from The Centre Reporter, January 24, 1878

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The consus of New York State, just published, gives the total population at 4,698 958 Native born, 3,503,800 foreign, 1,195, 658 colored 56,121 Of the foreign element came from Ireland 367 351 from Gor many and 119,090 from England The total number of voters in the State reaches 1,141 462, of whom 747 280 are natives and 394 182 foreign born The committee of New York aldermen ap pointed to investigate the ring frauds have made their report, after taking vast amount testimony including that of Tweed. The report says that the evidence brough to light the fact that frauds had been committed upon the city to the amount of thirty millions of dollars of which enormous sum only $876,000 had been recovered The report says the evidence shows that officials and representa tives of all politic parties were engaged in these gigantic robberies and the committee are of opinion that they have brought suf ficent evidence to light to enable the city successfully to defend actions pending against it for $2,000,000 At meeting of the New York board of alder men a to recommend the attorney general and corporation conneil to release Wm M. Tweed from imprisonment after secur ing his property for the city and taking proper means to obtain his future testimony, was car. ried by & vote of thirteen to seven. The disasters along the Atlantic coast during the recent heavy storm were numerous. large number of vessels were driven ashore. The steamer Old Colony, running bet ween New York and Fall River, was disabled by accident to her machmery and drifted for eleven hours abithe merey high sea, but was eventually towed into Newport harbor by wrecking com pany steamer. The bank cammissioner of Connecticut has restrained the Thompsonville Savings Bank from doing further business until an examina tion into its condition can be made A large fire broke out in & mine at Summit Hill, Pa., and burned fiercely for long time, causing loss of over $50,000 and the destruction of breaker at Shenand Pa., be longing to the Reading Coal and Iron Com pany, caused a loss of $100,000. Mayor Ely, of New York, asserts, in his annual message to the common council, that the city governmen is too complex and the police department to expensive A fire broke out in the drying room of the publishing house of Houghton & Co. Cambridge, Mass. and destroyed an Immense amount of printed material, including 70,000 sheets of portions of Webster's dictionary, large part of the February number of the ANantic Monthly and large quantity of sheets belonging to other works. The total loss is about $10,000. In compliance with resolution of the board of directors of the Pottsville (Pa. bank, that institution was closed to depositors. Etta Hazeltine and Sadie Sharp, aged respectively fifteen and eleven, broke through the ice on & pond near Hyannis, Mass. and were drowned. Dennis Donnelly was sentenced to be hanged at Pottsyille, Pa., for the murder of Thomas Sanger. He is the sixteenth Molly Maguire condemped to death. The prices at the annual sale of pews in Ply mouth Church were lower this year than in previous years. The sum paid for first choice was $550. The New Jerney Legislature met at Trenton and organized. George Ludlow was elected president of the Senate and John Egan speaker of the House, and Governor Bedle message was received and read. At an election of the New York Bar Associa tion, Secretary of State William M. Evarts was chosen president and ex-Governor Samuel J. Tilden one of the vice-presidents on the same ticket. The Republicans of New Hampshire met in State convention at Concord and B Prescott for Governor and David E. Willard for railroad commissioner The platform opted says in regard to President Hayes and his policy While we admit honest differ ences of opinion in respect to past ac we welcome and approve his sincere efforts keep faith with the people, and secure to the country the blessings of just. efficient and honest Republican national administration Other planks in the platform favor speedy resump tion of specie payments, denounce any at tempts to repudiate the public debt, declare for esonomy in public affairs and for education, approve of the efforts to extend commerce, and oppose further land grants The Connecticut Legislature opened its ses sion and Governor Hubbell' message was read The failure of Edward D. Dunning, Jr. a prominent Wall street broker has taken place. His liabilities reach nearly $600 000 and among his creditors are number of banks. John L. Pinkham, employed by Mrs. Marian Berry of New Durham, H. widow of sixty. five, had dispute with the old lady in regard to the payment for some work done Procur ing gun he entered Mrs. Berry's House and shot her dead Then he went, down the road half mile and out his throat. A large meeting of representatives of the leading banks, insurance and trust companies of New York, Boston and other cities was held in the former place, to protest against the pas sage by Congress of the Bland silver bill. A committee reported that the passage of that bill would operate unfavorably against specie resumption in 1879 the return to business on a gold basis was urged, and committee was appointed to memorialize Congress against the passage of the Bland bill. Theodore R Wetmore, late vice-president of the defunct Security Life Insurance Company of New York, found guilty of assisting Mr Case, the late president of the company, who was recently sentenced for term of years) in making misstatements of its condition, was sentenced to one year's imprisonment at hard labor and to pay fine of $250. The Great Barrington Mass. Savings Bank has suspended payment pending an investigation by the State bank commissioners, The deposits are @407. and the total liabilities $414,000. And the stockholders of the Rock land National Bank. of Nyack. N. Y., have re solved that that ins itution should go into voluntary liquidation. At the annual meeting of the Plymouth Church Mr. Beecher sent letter proposing reduction of fourth of his salary, and the offer was accepted A resolution introduced in the New York Assembly, protesting against the passage of the Bland silver bill by Congress was passed by of to vote 17. A New York retired varnish dealer named Francis S Wynkoop has failed for $282,000. C. P. Mills of Williams College won the first prize at the annual inter collegiate orator ical contest in New York. The paying teller of the Rochester (N. Y.) savings bank, Eugene Shepperdson, has proven defaulter for $9,000. the cause of his ruin being fast horses and stock speculation. Western and Southern States. The wholsale grocery firm of Samuel Bliss & Co. Chicago, has failed, its liabilities being $130,000. Joseph Bowfield, Chicago's corporation counsel, has become bankrupt. his unsecured debts amounting to $220,000 In Cincinnati David Gibson, liquor merchant. Renner & Co. candy manufacturers, and Jacob Benninger, pork packer, have failed recently, with liabilities aggregating several hundred thousand dollars. The newly discovered oil wells in the Black Hills are beginning to attract attention, and many parties are locating claims. Hon. Richard M. Pierson, chief justice of the supreme court of North Carolina, died at Winston, aged seventy three. Murray & Nelson's drug manufactory in Chicago was burned. Loss, $20,000 insurance, about $12,000. Fires Kellogg's block at Ripon, Wis., was burned, causing loss of $30,000 insurance, $25,000. At Lagrange, Ind., Brown' business block succumbed to the flames, entailing loss of $30,000, on which there is a partial insurance. The Ohio and Wisconsin Legislatures have begun their sessions, Hon. Montgomery Blair presented a memorial in the Maryland Legislature, praying that Congress make A judicial investigation into the title of President Hayes. The anniversary of the battle of New Orleans was celebrated in that city by & general military parade. At Cleveland, Ohio, the thirteenth annual convention of the American Diarymen's Association was Held, diarymen from the different States and Canada being present. It was stated that butter and cheese were now bring ing relatively higher prices than ever before. The exports of cheese last year to Great Britian our chief custoumer- were 110,000,000 pounds, worth $13,000,000. Butter had also been exported to the amount of 14,000,000 pounds.


Article from The Forest Republican, January 30, 1878

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MMARY OF NEWS. Eastern and Middle States. According to the State census of New York for 1875, just published, the total population is 4,698.958, of whom the native born number 3,503,300 and the foreign 1,195,658. The latter comprises 517,377 from Ire'and: 367,851 from Germany 119,090 from England and the rest scattering. The whole number of voters in the State is 1,141, 462, of whom 747,280 are natives and 394,182 of foreign birth. The New York Aldermanic committee, investigating the ring frauds, have made a report, in which they state that the testimony taken disclosed frauds upon the city to the enormous amount of $30,000,000, of which sum only $876,000 has been recovered. The report states that all parties and organizations were represented in these enormous frauds and the committee are of the opinion that with the aid of the testimony taken the city can save over $2,000,000 in suits now pending against it. By a vote of thirteen to seven the New York board of aldermen passed a resolution to recommend to the attorney-general and corporation counsel the release of William M. Tweed from imprisonment after securing for the city such property as is still in his possession and after taking such means to secure his testimony in the future as may be deemed necessary. A great amount of damage was done by the recent severe storm on the Atlantic coast. Eight schooners and other vessels were driven ashore. The steamer Old Colony, of the New York and Fall River line, had an accident happen to her machinery and drifted helplessly at the mercy of a high sea for eleven hours. but was eventually towed out of danger into Newport by a wrecking company's steamer. J. F. Taft & Co.'s earthen and stoneware establishment at Keene, N. H., was destroyed by fire. Loss, $15,000 partially insured. The Thompsonville (Conn.) Savings Bank has been ordered to suspend business by the State bank commissioner until an examination into its affairs can be made. The Ellengowan coal breaker at Shenandoah, Pa., was destroyed by fire, and a loss caused of about $100,000 and a fire in a mine at Summit Hill. Pa., burned fiercely for a long time and did a large amount of damage. A fire that broke out in the building occupied by Houghton & Co., publishers, Cambridge, Mass., destroyed 70,000 sheets of a portion of Webster's dictionary, a large portion of the February number of the Atlantic Monthly, and an immense quantity of sheets of other works, entailing a loss of about $10,000. The Pottsville Bank of Pottsville, Pa., closed its doors to depositors upon a resolution of the board of directors. Resolutions in favor of remonetizing silver and repealing the resumption act have been introduced in the Pennsylavnia Legislature. Sarah Sharp and Etta Hazeltine, aged eleven and fifteen, broke through the ice on a pond near Hyannis, Mass., and were drowned. The annual auction of pews in Plymouth Church, Brooklyn, brought lower prices than in former years, $550 being the highest sum paid for pew. The New Jersey Legislature organized and elected George C. Ludlow president of the Senate and John Eagan speaker of the House. Governer Bedle's message was received. Hon. William M. Evarts was elected president of the New York Bar Association. and ExGovernor Samuel J. Tilden one of the vicepresidents on the same ticket. Mrs. Mariam Berry, of New Durham, N. H. a widow of sixty-four years, was shot dead in the presence of her family by John L. Pinkham, her hired man, with whom there had been some dispute in regard to the payment of wages. Pinkham was found half a mile away from the scene of the tragedy with his throat cut. Theodore R. Wetmore, late vice-president of the defunct Security Life Insurance Company of New York, found guilty of making false statements in regard to the company's condition, was sentenced to one year's imprisonment at hard labor in the penitentiary and a fine of $250. Mr. Case, the late president of the company, was recently sentenced to imprisonment for the same offense. Edward J. Dunning, a Wall street broker has failed for nearly $600,000, several banks being among his creditors. The Republican State convention of New Hampshire was held in Concord, and nominated B. F. Prescott. the pres nt incumbent, for governor and David S. Willard for railroad commissioner. The platform adopted denounced any legislation, open or disguised, tending to repudiate the public debt, favored resumption of specie payments, economy in public affairs. approved of the efforts to extend commerce, and opposed further land grants. In regard to President Hayes and his policy the platform says While we admit an honest difference of opinion in respect to his past acts, we welcome and approve his patriotic and sincere efforts to keep faith with the people, and secure to the whole country the blessings of a just, efficient and honest Republican national administration.' Pending an investigation by the Massachusetts bank commissioners the Great Barrington Savings Bank has suspended payment. The deposits amount to $407,000 and the total liabilities $414,000, In the New York Legislature a resolution was passed protesting against the passage by Congress of the Bland silver bill. At the annual inter-collegiate oratorical contest, held in New York, C. P. Mills, of Williams College, won the first prize. At the annual meeting of Plymouth Church a letter was read from Mr. Beecher, offering to give up one-quarter of his salary, and the offer was accepted. Francis B. Wynkoop, a retired New York varnish dealer, went into bankruptcy with 118bilities of $282,000. Engene A. Shepperdson, paying teller of the Rochester (N. Y.) savings bank, proved a defaulter to the extent of $9,000. He was ruined by fast horses and stock speculation. The stockholders of the Rockland county national bank, of Nyack, N. Y., voted that the institution should go into voluntary liquidation. Western and Southern States. Considerable excitement has been caused in the Black Hills by the discovery of a number of oil wells. The death is announced of the Hon. Richard Mumford Pierson, chief justice of the North Carolina supreme court, at the age of seventy. three. The drug manufactory of Murray & Nelson, Chicago, was burned. Loss, $20,000. William E. Smith, governor, and other State efficers of Wisconsin, were inaugurated at Madison. Brown's block at Lagrange, Ind., was destroyed by a fire. Loss, $30,000 partially insured. At Ripon, Wis., Kellogg's block was burned and a loss caused of $30,000, on which there is $25,000 insurance.