18718. Saucon Savings Bank (Hellertown, PA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
May 3, 1877
Location
Hellertown, Pennsylvania (40.580, -75.341)

Metadata

Model
gpt-5-mini
Short Digest
dbb7e27f

Response Measures

None

Description

Multiple contemporary newspapers (May 3, 1877) report the Saucon Savings Bank of Hellertown, PA suspended on May 3, 1877. None of the items mention an associated depositor run, reopening, or receivership in these clippings. Some articles show minor OCR/printing inconsistencies in deposit/asset amounts (most say deposits $75,000 and assets exceed $100,000; one has reversed figures). I classify as suspension_closure because the articles report a suspension with no later reopening described; no explicit receivership was mentioned in these items, so permanent closure is inferred from lack of follow-up in the provided corpus.

Events (1)

1. May 3, 1877 Suspension
Cause Details
Contemporary reports only state the bank 'suspended' on May 3, 1877; no cause (run, embezzlement, correspondent failure, or government action) is given in these clippings.
Newspaper Excerpt
The Saucon Savings Bank of Hellertown, Pa., suspended to-day. The deposits are stated at $75,000, the assets exceed $100,000.
Source
newspapers

Newspaper Articles (8)

Article from The Rutland Daily Globe, May 4, 1877

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Article Text

Bank Failure. BETHLEHEM, PA., May 3. The Saucon Saving bank at Hellertown, suspended to-day. The deposits are stated at $75,000, assets exceed $100,000. The stockholders are individually responsible for double the amount of the stock held by them.


Article from The Wheeling Daily Register, May 4, 1877

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Article Text

Bank Saspension. BETHLEHEM, PA, May 3-The Sancon Savings Bank, of He ertown. Ps. suspended to-day. Deposits, $150,000; assets, $75,000. The stockholers are individually responsible for double the amount of the stock.


Article from The Portland Daily Press, May 4, 1877

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Bank Suspension. BETHLEHEM, May 3.-The Saucon Savings Bank of Helbertown, Pa., suspended today. The deposits are stated at $75,000. The assets exceed $100,000. The stockholders individually are responsible for double the amount of the stock. -


Article from Daily Kennebec Journal, May 4, 1877

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PENNSYLVANIA. Embezzlement. PAILADELPHIA. May 3. James A. Hill, cashier of the Union Banking Company, has made affidavit charging M.C. Mussenden, the president, with embezzling money of the bank. Mussenden is held in $10,000 bail. kil'ed. Three laborers were killed and six wounded by by a construction train jumping the track on the Atlantic City railroad to-day. Suspension. BETHLEHEM, May 3. The Saucon Savings Bank of Helburtown, Pa., suspended to-day. The deposits are stated at $75,000. The assets exceed $100,000. The stockholders innividually are responsible for double the amount of the stock. Base Ball. PITTSBURG, May 3. A game of base ball here to-day resulted Bostons 2, Alleghanies 0.


Article from The Daily Gazette, May 4, 1877

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General News. The United States steamer Tallapoosa arrived at Boaton yesterday from Washington. There is a total abstinence revival in Middleton, N. Y , eleven hundred of Its citizens including many prominent gentlemen, having signed the pledge. Andreas Wilman, of New York, will probably be appointed United States Consul at Rotterdam. John Tyler, son of President Tyler, was among the candidates who took part in a competitive examination for a first-class clerkship in the Pension Office, on Monday last. The Canal Board of New York resolved yesterday to continue the tolt sheet of last year until further orders The Saucon Savings Bank at Hellertown, Pa., suspended yesterday. Its deposits are stated at $75,000 and its assets at $100,000. In the Circuit Court at Little Rock, yesterday, Judge Martin decided that the act passed by the Arkausas Legislature in 1869, for the issue of about six millions of bonds to various railroads, was unconstitutional, and the bonds are illegal and void. The case will be taken to the Supreme Court. The trial of Colonel C. F. Crittenden doorkeeper of the Virginia House of Delegates. is progressing in Richmond, and the testimony thus far elicited is said to have "developed a considerable amount of official looseness." While Simon Demorest, a prominent citizen of Pompton, N. Y., was returning from a funeral on Wednesday evening with four other persons in a carriage, he attempted to cross the Montclair Railroad in front of an approaching train. The engine struck the carriage, killing Mr. Demorest, aged 65 ; Miss Taylor of Paterson, aged 16 and a yound man. The two others occupants of the vehicle were scriously injured; one of them, a young lady named Caboy, is scarcely expected to recover


Article from The New York Herald, May 4, 1877

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Article Text

SUSPENSION OF A SAVINGS BANK. BETHLEHEM, Pa., May 3, 1877. The Saucon Savings Bank, of Hellertown, Pa.. suspended to-day. The deposits are stated to be $75,000, while the assets exceed $100,000. The stockholders are individually responsible for double the amount of stock held by them.


Article from New-York Tribune, May 4, 1877

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Article Text

ANOTHER SAVINGS BANK SUSPENDED. BETHLEHEM, Penn., May 3.-The Saucon Savings Bank of Hellertown, Penn., suspended to-day. The deposits are stated to be $75,000, while the assets exceed $100,000. The stockholders are individually responsible for double the amount of stock held by them.


Article from Juniata Sentinel and Republican, May 9, 1877

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News Items. Plenty-Peaches in Delaware this year. Mr. Cushing has resigned as Minister to Spain. All the coal works in Treverton have resumed operations. Allentown is sending her corner loafers to station-bouse. Some fiend entered the stable of Mr. Legrand, in Wilkesbarrre, and cut the torgue out of a valuble horse. A delegation of Jews on the 3d called upon President Hayes and asked him to take means to protect their coreligionists in Roumania. Mrs. Sarah Reed, of Cambria county an a penrecently made application for sion as a widow of a soldier of the war of 1812 The other day she received over from the in SchuylGeorge $1,600 Price,confined government. the kill the other some an old county day, using jail, attempted pieces suicide of tin cup with which to stab himself. Small pox is disappearing from the vicinity of Lebanon. William A. Noble and Jacques W. of have been arrested on the to Noble, charge Carlisle, of setting fire John 1876. B. Noble's dwelling on October 22, a A gas well which emits struck sound equal to a fog whistle has been on an oil farm in Ciarion county. Pittsburg Councils propose to ligislate the immoral shows of that city out of existence. Seamless steel wheel barrows are now being made at Harrisburg. Adam Baker, of West Newton, Westmoreland county has committed suicide. He leaves a wife and four children. Dobson's carpet mills, at the Schuylkill have been closed, throwing over falls thirteen hundred persons out of emloyment. The Cincinati Gazette rejoices to hear that General Logan IS going over to help the Russians, and adds that all true Americans will continue to pray for the Russians and send guns and cartridges to the Turks. There are a number of Russian ships in American ports. People will not ship in them because goods of the fear that Turkey may catch the ship, goods and all. Thirty tramps broke out of the Lancaster jail, the other day. The Saucon Savings Bank, of Hellhas ertown, Pa., suspended. The dcposits are stated to be $75,000, while the assets exceed $100,000. The stockholders are individually responsible for double the amount of the stock held by them. A man lectured in Brooklyn the other in men, The audience evening consisted vindication of three of Judas. one and a bov, indicating that Judas woman has fewer friends in Brooklyn than would naturally be expected. Freddie Haefele, aged ten, of Lancaster, is missing. He is supposed to have been frightened from home by threats from his mother. John Snook, just convicted of abortion in Blair county, has been granted a new trial. A man named Counell, living on near Shanty Hill, Scranton, has his become house possessed with the idea that is infested with witches. It is neces to keep him under lock and key to him sary prevent from fancied burning intruders. the house to get rid of the It is said that about 600 sheep are on slaughtered daily Santa taken Rosa off Island and Cal., their hides being the bodies thrown into the sea. The New York Graphic says that Crazy Horse continues to come in. When last heard from he was making about a quarter of a mile a week. A man in Florida has to work the public roads five months for stealing a pig.