Easton Trust Company

Bank Information

Episode Type: Suspension → Reopening
Bank Type: trust company
Start Date: August 17, 1893
Location: Easton, Pennsylvania (40.686, -75.219)

Metadata

Model: gpt-5-mini
Short Digest: 76acd6c8

Response Measures

None

Description

Article (1893-08-17) reports the Phillipsburg National Bank giving notice it would not cash Philadelphia & Reading Railroad pay checks but would receive them on deposit from regular depositors. This is a partial suspension of cashing specific payroll checks (precautionary operational suspension), with no mention of a run or permanent closure. Classified as a suspension with no run and implied temporary measure (suspension_reopening).

Events (1)

1. August 17, 1893 Suspension

Cause Details: Bank refused to cash Philadelphia & Reading Railroad pay checks; will receive them on deposit from regular depositors (operational restriction on cashing specific payroll checks).
Newspaper Excerpt: The Easton Trust Company of Easton, Pa., and the Phillipsburg, New Jersey, National Bank, gave notice Monday that they would not cash the pay checks of the Philadelphia & Reading Railroad Company, but would receive them on deposit from regular depositors.
Source: newspapers

Newspaper Articles (1)

1. August 17, 1893 Delaware Gazette and State Journal Wilmington, DE

Article from Delaware Gazette and State Journal, August 17, 1893

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Article Text

IN GENERAL. The paid admissions to the World's Fair, Sunday, numbered only 18,096. All the operatives of the Merrimac Company, at Lowell, Mass., resumed work Monday. Monsignor Satolli arrived in New York Monday, and is the guest of Archbishop Corrigan. The steamer Annie Foxon blew up Monday morning, near Almota, Ore., killing six persons and injuring a number of others. Professor M. A. Newell, a well-known teacher and author of school books, died Monday at Havre de Grace, Md., aged 69 years. The national bank note circulation outstanding Monday was $189,140,700, an increase of more than five millions since August 1st. The breaker of the Hammond colliery, owned by the Reading Coal and Iron Company, at Pottsville, Pa., was destroyed by fire last Monday. The loss will exceed $150,000. In St. Paul, Monday, an unknown man entered the First National Bank, and, seizing a bag containing $5,000 in gold, which was lying just inside the receiving teller's window, escaped with his booty. The President Monday sent a number of nominations to the Senate, among them being those of Edward C. Butler of Massachusetts, to be Secretary of Le1 gation at Mexico, and Otto H. Bovesen e of North Dakota, to be Consul at Gothenburg, Sweden. The Crescent flour mill and elevator a of the Colorado Miiling and Elevator to Company, at Denver, were burned yesterday. The loss will reach $250,000 or $300,000. Lieutenant McLean was probably fatally injured by an explosion in the dust-room. S. The Easton Trust Company of Easton, W Pa., and the Phillipsburg, New Jersey, National Bank, gave notice Monday h that they would not cash the pay checks 1of the Philadelphia & Reading Railroad es Company, but would receive them on deposit from regular depositors. d More than half a block of buildings 11 in the business centre of Steubenville, 0 O., was destroyed by fire Monday. The loss is about $200,000. While the y fire was raging Jonathan Terree, a hatater, in another part of the city, was y. fatally cut with a hatchet by a customer who then robbed the store of $115 and as made his escape. d The cotton mills of B. B. & R. Knipe, g at Pontiac, Natick, River Point, Arctic, Lippitt, Fiskeville, Jackson, Providence, 's White Rock and Woonsocket, in Rhode Island, and at Mancauga, Hebronville, e, as Dodgeville and Readville, in Massa. chusetts, resumed operations, Monday ge re after a week's shut-down. Neariy 8,000 hands are at work. ed The number of suspensions of penr, sions up to this time, under the recent dact of Congress which provides that no le pension shall be paid to a non-resident on who is nota citizen of the United States except for actual disabilities incurred in the service, is 2,463. The total number as of foreign pensioners originally on the on rolls was about 4,000. nA Montreal dispatch says that the rs, leDominion Line steamer Sarnia; with a bgeneral cargo and 50 passengers, which left here July 30th for Liverpool, was spoken August 7th by the steamer Ripor ge City, bound for Glasgow, 500 miles eas int of Newfoundland, with machinery dis ere abled. She refused assistance. Nothing ng has since been heard of the Sarnia, and ed. her arrival in Liverpool is awaited with ty, some anxiety.