Thompsonville Savings Bank - Thompsonville, CT

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: December 16, 1880
Location: Thompsonville, Connecticut (41.997, -72.599)

Metadata

Model: gpt-5-mini
Short Digest: fddb593b

Response Measures

None

Description

Articles (Dec 1880–Apr 1881) report a receiver (F. E. Ely) appointed, an injunction restraining the bank from doing business, presentation of depositor claims, and final distributions (about 97% paid). No run is mentioned. This indicates a suspension followed by closure/receivership and final settlement.

Events (3)

1. December 16, 1880 Receivership

Newspaper Excerpt: Frederick E Ely, receiver, gives notice... in accordance with an order of the court; F. E. Ely, receiver of the Thompsonville Savings bank, has begun paying the depositors, making a final settlement.
Source: newspapers

2. December 16, 1880 Suspension

Cause: Government Action
Cause Details: Court injunction restrained the bank from doing further business, leading to receiver appointment and suspension.
Newspaper Excerpt: Frederick E Ely, receiver, gives notice that all claims of depositors against the Thompsonville Savings bank must be presented on or before February 10, 1881, in accordance with an order of the court, or be forever barred.
Source: newspapers

3. April 1, 1881 Other

Newspaper Excerpt: There has been paid to them already seventy-five per cent., and he pays twenty-two per cent. more, thus making a loss of only three per cent. on the deposits which were in the bank when the injunction was served restraining it from doing further business.
Source: newspapers

Newspaper Articles (3)

1. December 16, 1880 Morning Journal and Courier New Haven, CT

Article from Morning Journal and Courier, December 16, 1880

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Article Text

State News. Rev. C. E. Cords, of the Main street Bap~ tist church of Meriden, has resigned. The sleighing in Litchfield and vicinity is very good, and the young people are improving it. There is a bridge tender at Bridgeport who has not been absent from duty a day for 26 years. The town of Poquonock has voted to build a town hall, appropriating $3,500 for the purpose. The annual meeting of the Connecticut River Railroad company will be held at Springfield on the 19th of January. George Taylor, the fifteen years old son of Joseph A. Taylor, of 77 Trumbull street. Hartford, has been missing since Tuesday of last week. The profits of the fair in aid of the new French and German Roman Catholic church in Meriden, which ended in the City Hall on November 21st, are reported to be $3,205. Robert J. Ramsden, of South Wethersfield, was probably fatally injured on Monday by a tackle block, with which he was raising a boiler, falling and striking him on the head. Ann Stiles, of Windsor, who was tried ten years ago for murder by poisoning, and was sent to the Middletown asylum as insane, but who has been recently discharged, will be tried again, as she is now perfectly sane. Frederick E Ely, receiver, gives notice that all claims of depositors against the Thompsonville Savings bank must be presented on or before February 10, 1881, in accordance with an order of the court, or be forever barred. The Rev. Dr. Goodell, formerly pastor of the South church, New Britain, was attacked last Friday evening in St. Louis, Mo., by a gang of ruffians who knocked him down and beat him. The attack was evidently for robbery, but the outeries of the doctor frightened his assailants and they escaped. Mrs. Goodell, in answer to a telegram from the Observer, replied that the injuries received were not dangerous, being flesh wounds and rapidly healing.

2. January 7, 1881 Morning Journal and Courier New Haven, CT

Article from Morning Journal and Courier, January 7, 1881

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Article Text

of the deposits are pledged to remain with the bank for eighteen months, and there is cash on hand sufficient to meet all other liabilities." The injunction was removed from the Tolland Savings bank December 31st, there being no loss, except interest, to depositors. The receiver of the Thompsonville Savings bank expects to close his accounts in the spring, the loss to the depositors being about 3 per cent. Not much change during the year in the condition of the Townsend Savings bank of New Haven and the Willimantic Trust company. The commissioners allude with gratification to the large increase of small deposits in the savings banks. It indicates a healthful and prosperous state among the laboring classes. The number of State banks remains unchanged. Their total assets amount to $3,533,368.65. Capital stock, $1,350, 000 deposits, $1,520,191.03. There has been no change in the number or character of the trust companies during the year. The assets of those doing a banking business amount to $3,968,860; of those dealing in real estate securities, $4,893,426.

3. April 1, 1881 Morning Journal and Courier New Haven, CT

Article from Morning Journal and Courier, April 1, 1881

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Article Text

Mrs. Philip H. Pearl, a native of Enfield, died out West some time ago, and her husband started to bring the remains to this State. He had a long, tedious journey on account of the trains being blockaded with snow. While waiting in the cars on this account near Milwaukee he experienced a very narrow escape and fired a pistol at him, the ball passing obliquely nearly through the forearm and lodging where it now remains. When he arrived at Scitico station he was so exhausted that he required aid to stand. F. E. Ely, receiver of the Thompsonville Savings bank, has begun paying the depositors. making a final settlement. There has been paid to them already seventy-five per cent., and he pays twenty-two per cent. more, thus making a loss of only three per cent. on the deposits which were in the bank when the injunction was served restraining it from doing further business. It is believed that there are few banks which could equal this if forced to close up business.