18659. Erie County Savings bank (Erie, PA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 19, 1884
Location
Erie, Pennsylvania (42.129, -80.085)

Metadata

Model
gpt-5-mini
Short Digest
06dde78c

Response Measures

None

Description

Multiple contemporaneous newspapers report the Erie County Savings bank suspended on May 19, 1884. Accounts mention disappearance of its president (Adam Brabender) and later references (1885) call the bank 'wrecked' and describe depositors' losses and tragedies, indicating the suspension led to failure rather than a simple temporary closure. No article explicitly reports a reopening; therefore classified as suspension leading to closure. Bank is a savings bank (likely state-chartered).

Events (2)

1. May 19, 1884 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Reports mention disappearance of the bank's president (Adam Brabender) and later references to the bank being 'wrecked' and depositors losing funds, consistent with bank-specific mismanagement/insolvency.
Newspaper Excerpt
It is reported that the Eric County Sav. ings bank, of Erie, Pa., has suspended.
Source
newspapers
2. June 1, 1885* Other
Newspaper Excerpt
TRAGEDIES DUE TO BANK FAILURES.-At Erie, Pa., Monday, Frank Maguire, a demented depositor of the wrecked Erie County Savings bank, shot his twelve-year-old sister ... He had brooded over the loss of his savings until his mind gave way. This is the fourth tragedy arising out of the .bank villainy.
Source
newspapers

Newspaper Articles (12)

Article from Lancaster Daily Intelligencer, May 19, 1884

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FINANCIAL NEWS. Demanding the Punishment ot President Dodd, or the Newark Savings Bank. NEWARK, N. J., May 19.-Application was made to Vice Chancellor Van Fleet this morning, in the absence of the chancellor, by counsel for German depositors of the Newark savings institution for an order to require President Dodd to show cause why he should not be punished for disobedience of the order of the court of chancery in removing the bank's assets out of the state. At the suggestion of the vice chancelor, the matter was laid aside temporarily pending further develop ments. Receiver Wilkinson again went to New York to-day and rumors that the bank will receive the full amount of its claim against Fish & Hatch are circulated. The run on other saving banks ceased to day, and a better feeling prevails. All Quiet on Wall Street. NEW YORK, May 19.-Everything is quiet on Wall street to day. There is much confidence manifested. Michael Morton, dealer in china, made an assignment today. giving preferences amounting to $24,0000. It is reported that the Eric County Sav. ings bank, of Erie, Pa., has suspended. 2 p. m.-W. B. Scott & Co., have just annouced their suspension at the stock exchange. Failure of an Indiana Bank. LAPORTE, May 19.-The City Exchange bank made an assignment on Saturday owing to the failure of Donnell, Lawson & Simpson, in New York. Liabilities, $36,000 ; assets; $20,000. : A Temporary Suspension. PETERSBURG, Va, May 19,-Owing to the heavy run on the Planters' and Mechanics' bank, it temporarily suspended to-day.


Article from The Emporia Weekly News, May 22, 1884

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Suspensions ERIE, Pa., May 19.-The Erie County Savings bank has suspended. NEW YORK, May 19.-W. B. Scott & Co., brokers, have suspended.


Article from The Bee, May 24, 1884

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NEWS OF THE WEEK. Eastern and Middle States. GRANT & WARD'S liabilities have been 000. found to exceed the colossal sum of $14,500,A COLLISION occurred near Connellsville, Penn., between a freight train and a gravel train containing about fifty laborers. Fourteen men were either crushed or burned to death, and twelve more injured. THE recent failures of " Jim " Keene, the Wall street speculator, followed by the suspension of the Marine National bank, and the failure of Grant & Ward, succeeded in turn by the embarassment of the Second National bank, led to a panic in New York financial circles, such as has not been witnessed since the memorable day when Jay Cooke went to the wall in 1873. During the day two banks-the Metropolitan National and the Brooklyn State bank-closed their doors, and seven prominent firms of bankers and brokers suspended. Wall street was a scene of tremendous excitement, and was crowded from sidewalk to sidewalk with a rushing throng of people. Secretary Folger, however, helped allay the excitement by ordering the treasury department to pay the $10,000,000 included in the 127th call in advance of the time set-June 20-and the New York Clearing-House association, composed of sixty-three banks, held a meeting and resolved to stand by one another. This action in a measure quieted matters. THE deficit of John R. Eno, president of the Second National bank, of New York, was larger than was at first supposed, amounting to about $4,000,000. It was made up by his father, and the bank went on with its business, although many alarmed depositors drew out their money. Mr. Eno lost the money in speculation. VERMONT Greenbackers held a State convention at Waterbury and nominated a full ticket headed by Samuel Soule for governor. ON the second day of the financial excitement in Wall street a quieter state of affairs existed, and only two more failures occurred, one of the two firms of brokers suspending being the prominent house of Fisk & Hatch, the junior partner in which was the president of the New York Stock Exchange. The Metropolitan bank again resumed business, President George L. Seney resigning. A FIRE which broke out at 9 o'clock in the morning at the Papachong mill, Worcester, Mass., spread SO rapidly that many operatives were compelled to jump from the upper windows. Nineteen male and female operatives were injured by their leap for life, several with results likely to prove fatal. The entire mill was destroyed, and an estimated loss of $150,000 was incurred. THERE was a large attendance of delegates at the annual session of the Presbyterian General Assembly North, held in Saratoga, N.Y. ONLY one failure was reported in Wall street on the third day of the financial whirlwind. But in Newark, N.J., the Newark Savings Institution, which had been considered one of the stanchest depositories in the State, was forced to suspend and go into the hands of a receiver. The bank's trouble was caused by the suspension of the New York firm of Fisk & Hatch, through whom the institution had invested its government bonds. FIRE destroyed five of the Harlem Railroad company's car shops in the upper part of New York, causing a loss of about $200,000. DESTRUCTIVE forest fires have again been raging in the vicinity of Wilkesbarre, Penn. GREAT excitement was caused at Erie, Penn., by the suspension of the Erie County Savings bank, and disappearance of its president, Adam Brabender. The bank was mainly patronized by German farmers, mechanics and railroad men, and the deposits were $360,000.


Article from The Worthington Advance, May 29, 1884

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Last Week's Failures. There were 183 failures and suspensions in the United States reported to Pradstreet's during the past Week ending 24th, against 187 in the preceding week and 155, 124 and 97 in the corresponding weeks of 1883, 1882 and 1881, re, spectively. About 73 per cent. were those of small traders whose capital was less than $5,4 000. The following were the important suspensions during the week: W. B. Scott & Co., bankers and brokers, C. McCulloch, Beecher & Co. and Benner & Pinkney, shipping and commission, New York City; Planters' & Mechanics' bank, Petersburg, Va.. Brennan & Co., bankers, Charlottsville, Va., Ellett A. Drewry & Co., wholesale dry goods, and S. Blanchard, wholesale grocer, Richmond, Va. ; Erie County Savings bank, Erie, Pa.; L P. Phelps, banker, Westfield, N. Y.


Article from River Falls Journal, May 29, 1884

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Last Week's Failures. There were 183 failures and suspensions in the United States reported to Bradstreet's during the past week ending 24th, against 187 in the preceding week and 155, 124 and 97 in the corresponding weeks of 1883, 1882 and 1881, respectively. About 73 per cent. were those of snall traders whose capital was less than $5,00. The following were the important suspensions during the week: W. B. Scott & Co., bankers and brokers, C. M.Culloch, Beecher & Co. and Benner & Pinkney, shipping and commission, New York City; Phnters' & Mechanics' bank, Petersburg, Va:. Bennan & Co., bankers, Charlottsville, Va., Elett A. Drewry & Co., wholesale dry goods, and S. Blanchard, wholesale grocer, Richmond, Va; Erie County Savings bank, Erie, Pa.; L. P. Phelps, banker, Westfield, N. Y.


Article from The Northern Pacific Farmer, May 29, 1884

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Last Week's Failures. There were 183 failures and suspensions in the United States reported to Bradstreet's during the past week ending 24th, against 187 in the preceding week and 155, 124 and 97 in the corresponding weeks of 1883, 1882 and 1881, respectively. About 73 per cent. were those of small traders whose capital was less than $5,000. The following were the important suspensions during the week: W. B. Scott & Co., bankers and brokers, C. McCulloch, Beecher & Co. and Benner & Pinkney, shipping and commission, New York City; Planters' & Mechanics' bank, Petersburg, Va.. Brennan & Co., bankers, Charlottsville, Va., Ellett A. Drewry & Co., wholesale drv goods, and S. Blanchard, wholesale grocer, Richmond, Va.; Erie County Savings bank, Erie, Pa.; L. P. Phelps, banker, Westfield, N. Y.


Article from The San Antonio Light, October 4, 1884

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TELEGRAPHIC NEWS. GRAND RECEPTION OF BLAINE COLUMBUS, OHIO. Governor Cleveland at Buffalo, and the Warm Greetings of His Friends, Ete. TERRE HAUTE, October 3.-No clue has been obtained to the miscreant who fired into the train at Sullivan on Wednesday night, narrowly missing St. John, the Prohibition candidate for President, whom it is thought the shot was fired at. ERIE, Pa., October 3.-Leo Schreck and wife, and John Flicke, had $118 posited in the Erie County Savings bank when the bank suspended. The loss of the money drove them insane. Thinking afterward that they were committing a great sin, they inflicted self flagellation, and to-day two officers saw the many and wife "digging a grave in the back pard. The nouse was entered and they found the people Intended enact the death of Christ, to be followed by the killing of children to represent the slaughter of the innocents. All were arrested. NEWPORT, R. I., October 3.-Bancroft, the historian, celebrated bis 84th birthday anniversary to-day. Congratulations from all parts of the world poured in. The reception was largely attended and was a delightful affair. Baneroft received from cottagers many floral devices. Mrs. Anna Lodge, mother of Henry Cabot Lodge, sent a wreath: Mrs. Winthrop, wife of Robert C. Winthrop, and Mrs. Anna Ticknor, widow of the historian. called on the distinguished gentleman. The celebration was quiet, owing to the indisposition of Mrs. Bancroft, who all day was compelled to keep her room. COLUMBUS, October 3.-Nothing in Mr. Blaine's tour, from Boston westward, has excelled in enthusiasm the great demonstration in Columbus this evening, and there have been only two or three larger in the history of the city. This crowd in the streets when the train arrived was greater than has greet him at any other point reached, except at Rochester. The State committee engaged rooms at the Neel house, from which Mr. Blaine could review the procession in the evening, but instead of stopping at the hotel, Mr. Blaine went from the depot to the house of his kinsman. Henry Miller. He had a formal escort, composed of uniformed Republican clubs, but the escort of people who marched along each side of his carriage and behind it was very much larger Opposite the Neel house a large stand had been erected and in front of the hotel facing the square, a small temporary balcony had been constructed. The people were 80 densely packed on the street below that it seemed impossible to clear way for the procession. They kept their eyes on the little balcony and kept up such a storm of cheers and calls for "Blaine," "Blaine," that the gentleman was finally obliged to pear and make a speech. Governor Foster, Hon. A. W. Tenny and Hon. H. Finerty followed with brief speeches. When the head of the procession reached Neel the


Article from Fort Worth Daily Gazette, October 4, 1884

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PECULIARLY INSANE. ERIE, PA., Oct. 2.-Leo Shrick and wife and John Flycke had $118 deposited in the Erie County Savings bank when it suspended. The loss drove them insane. Thinking afterward that they were committing a great sin theyinflicted self-flagellation, and to-day two officers saw the man and wife digging a grave in the back yard and the house was entered and it was found that the people intended to enact the death of Christ, to be followed by & killing of the children to represent Herod's slaughter of the innocents. All were arrested.


Article from The Dallas Daily Herald, October 5, 1884

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CRUCIFIXION CHECKED. A TRIO OF BRONZED BANKRUPTS. They Lose Their Money in a Bank and Then Lose Their "Reason" in Their Heads-Arrested and Locked Up, Etc., Etc. ERIE. PA., Oct. 4.-Leo Scheck and wife and John Flioke had $118 deposited in the Erie County Savings bank when the bank suspended. The loss of the money drove them insane. Thinking afterwards they were committing great sin, they inflicted self-flagellation, and to-day two officers saw the man and wife digging a grave in the back yard, and the house was entered and it was found that the people intended to enact the death of Christ, to be followed by the killing of the children, to represent Herod's slaughter of the innocents. All were arrested.


Article from St. Paul Daily Globe, October 6, 1884

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A Family of Cranks. ERIE, Pa., Oct. 4.-Leo Schreck and wife and John Flicke had $118 deposited in the Erie County Savings bank. When the bank suspended the loss of the money drove them insane. Thinking afterwards they were committing a great sin they inflicted self fläggelation. To-day two officers saw the man and wife digging a grave in the back yard. The house was entered and it was found they intended to enact the death of Christ, to be followed by killing the children to represent Herod's slaughter of the innocents. All were arrested.


Article from Evening Star, June 3, 1885

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ties have been debating the question as to who should make the repairs. These investigations and debates have already cost ten times as much money as would have been required in the first place to make the repairs. In the meantime the pollution has been'constantly going on, not withstanding the protests of those who have to drink the water. How to Tell a Mugwump at Sight. Wash. Cor. Cincinnati Commercial Gazette. The great question with the mugwumps is one of eye-glasses. The republican wears spectacles or a pair of eye-glasses; the mugwump wears a single eye-glass. COLORED MEN THANK THE PRESIDENT.-A colored political club of Boston has adopted resolutions thanking President Cleveland for his humane sympathy in rebuking the democratic party of Hazelhurst. Miss., by withholding the commission of J. L. Meade, who was, the resolutions state, the head and front of the outrages committed on r race in Copiah county." NEW OFFICERS OF THE TYPOGRAPHICAL UNION.-The balloting in the Typographical Union convention in New York yesterday resulted in the election of the following: President, M. R. H. Witter, of St. Louis; vice presidents, Thomas J. Lacey, of Ottawa, and Chas. Jamewell, of Philadelphia; secretary and treas. urer, E. S. McIntosh, of Philadelphia; corresponding secretary, H. T. Elder, of Boston; chief organizer, D. P. Boyer, of Columbus, Ohio. SPEAKER HAINES REBUKED.-In the Illinois house yesterday Representative Graham moved to expunge from the journal all that part relating to senate appropriation bills. These bills were read and declared advanced by the speaker Monday in defiance of the wish of the house. Mr. Graham spoke on the motion, scoring SpeakerHaines severely for hisallegedarbitrary and illegal action Friday. Messrs.Parker & Boutel also denounced Speaker Haines-the latter very severely. The speaker, in justification, said his actions were for the purpose of restoringorder in the house. The matter was expunged from the journal with 5 negative votes. THE BOSTON BERRY TRAIN WRECKED.-The Boston berry train from Norfolk upward bound collided with a peninsula freight train below Middletown at 'clock m.yesterday and both engines and three freight care were totally wrecked and six others were damaged. Engineer Wm. Rushton, of the freight train, was instantly killed. Brakeman Hitch, of the same train, was severely hurt about the head, probably fatally. THE TYPOGRAPHICAL UNION.-At the Typographical Union convention in New York Monday, Chief Organizer Crawford reported that the 174 unions have a total membership of 18,000. The membership could have been largely increased if "rats' had been taken m. "Rats," said Mr. Crawford, "are without honor or manhood, and we have no room for them. President R. H. Witter advocated an international strike fund, and the suggestion was referred to a committee of five. The secretarytreasurer reported the receipts for the year to have been $10,442 and the expenditures $7,088. +@+ GOLD EXCITEMENT IN OREGON.-A dispatch from Portland, Oregon, says that the excitement over the discovery of gold mines in Josephine county is the greatest seen for many years. Prof. McNevin, an expert sent from San Francisco to investigate Big Yank ledge, reports an immense ledge of gold quartz. The excitement incident to the discovery has driven McNevin crazy, and he is now confined in the hotel. MR. HAYES SELLS HIS SALOON.-A dispatch from Omaha, Neb., says that ex-President Rutherford B. Hayes yesterday sold to Henry Osthoff and Garlichs & Johnson, for $14,000, the saloon property at 16th and California streets. The price paid is much below the value of the property. TRAGEDIES DUE TO BANK FAILURES.-At Erie, Pa., Monday, Frank Maguire, a demented depositor of the wrecked Erie County Savings bank, shot his twelve-year-old sister through her body and arm. He had brooded over the loss of his savings until his mind gave way. This is the fourth tragedy arising out of the .bank villainy. The girl will die. Monday morning Jesse Ebersole, one of the principal stockholders in the Humboldt bank, which suspended lately, died of brain-softening. His losses preyed upon his mind and caused his death. +@+ ANOTHER ATTEMPTED OUTRAGE IN MARYLAND.-A negro named Gaither on Sunday attempted to outrage the twelve-year-old daughter of Wm. Pickett, near Poplar Springs, Howard county, Md. He was frightened off before accomplishing his purpose, and although search parties have been looking for him since, he has not been captured. THE CINCINNATI TRAGEDY.-At the inquest in Cincinnati yesterday on the body of Henry Champlin the testimony of Mrs. Champlin showed that her son had frequently assaulted and beaten her, and that Monday night, in the darkness, he threw a chair at her bed, breaking the bedstead and the window. The coroner found that Dr. Loy's shooting was in selfdefense, and done with a view tointimidation instead of inflicting bodily injury. A STATE SENATOR CHARGED WITH BRIBERY.- Robert A. Gunn has put into the form of an affidavit his statement that State Senator Coggeshall, of New York, asked from him $500 to report favorably the bill to establish the college desired by the doctor and his school. SIX DAYS IN AN OPEN BOAT.-The captain of the bark Themis, his family and crew, in all sixteen persons, were six days and nights in a small open boat before being picked up. They were all in an exhausted condition, owing to the terrible nature of their sufferings. The Themis was bound from Havre for Miramichi, and was lost as a result of a collision with an iceberg. The steamship Missouri, from Boston, took the shipwrecked people to Liverpool. GEN. GRANT TO LEAVE NEW YORK THIS MONTH.-Dr. Douglas said last evening that the swelling outside and inside Gen. Grant's throat had so far abated that the parts were now examined with greater ease than at any timesince the general's serious illness. The patient this week has eaten solids-asparagus and steakin very moderate quantities. Dr. Douglas expects Gen. Grant will leave New York for Mount McGregor before the last of this month. He will be conveyed by boat to Albany, where special arrangements will be made for the rest of the journey. A RUNAWAY COUPLE EXPOSED.-At Sioux City, Iowa, Saturday night, during the progress of a temperance meeting, a man arose and said that the "wife" of the lecturer, who was sitting on the stage, was his runaway wife. The woman fainted, the meeting closed, and on investigation the charge was found to be true. Both the lecturer, whose true name is Watson and the woman who had eloped had left families. For months they have been in the west delivering temperance lectures. He is a fine speaker and she an excellent singer. During the night they left the town by private conveyance, taking a train at asmall place for


Article from Evening Star, June 3, 1885

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TRAGEDIES DUE TO BANK FAILURES.-At Erie, Pa., Monday, Frank Maguire, a demented depositor of the wrecked Erie County Savings bank, shot his twelve-year-old sister through her body and arm. He had brooded over the loss of his savings until his mind gave way. This is the fourth tragedy arising out of the bank villainy. The girl will die. Monday morning Jesse Ebersole, one of the principal stockholders in the Humboldt bank, which suspended lately, died of brain-softening. His losses preyed upon his mind and caused his death.