19460. Bushong & Bro. (Reading, PA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
January 1, 1873*
Location
Reading, Pennsylvania (40.336, -75.927)

Metadata

Model
gpt-5-mini
Short Digest
5bdc2773

Response Measures

None

Description

Articles state the bank suspended in 1873, subsequently resumed operations, and then failed finally in 1877. No explicit run is mentioned in the articles, so this is classified as a suspension followed by permanent closure. Cause of the 1873 suspension is not specified in the text; therefore cause fields use 'other'. Dates are given only as years in the articles.

Events (3)

1. January 1, 1873* Suspension
Cause Details
Article only states the bank suspended in 1873; no specific cause provided
Newspaper Excerpt
whose bank suspended in 1873 with over $1,000,000 deposits
Source
newspapers
2. January 1, 1877* Receivership
Newspaper Excerpt
failed finally in 1877. Spang's suit is brought to have disclosures made as to what became of the assets of Bushong & Bro.
Source
newspapers
3. * Other
Newspaper Excerpt
subsequently resumed, and failed finally in 1877 (resumption referenced between suspension and final failure).
Source
newspapers

Newspaper Articles (2)

Article from Evening Star, February 2, 1884

Click image to open full size in new tab

Article Text

Creditors Asking What :Became of Assets. READING, PA., Feb. 2.-Jacob K. Spang had an attachment execution issued to-day for $16,000 against Bushong & Bro., whose bank suspended in 1873 with over $1,000,000 deposits, subsequently resumed, and failed finally in 1877. Spang's suit is brought to have disclosures made as to what became of the assets of Bushong & Bro. It is said that more suits of a similar nature will be instituted.


Article from New-York Tribune, February 3, 1884

Click image to open full size in new tab

Article Text

TELEGRAPHIC NOTES. A HEAVY VERDICT OF DAMAGES. PHILADELPHIA, Feb. 2.-In the case of William Dempsey, who sued Samuel Keeley, a mill owner in Manayunk, to recover damages for injuries received at a fire in December, 1882, the jury this morning returned a verdict in favor of the plaintiff for $6,000. CREDITORS BECOME INQUISITIVE. READING, Penn., Feb. 2.-Jacob K. Spang had an attachment execution issued to-day, for $16,000 against Bushong & Bro., whose bank suspended in 1873 with over $1,000,000 deposits, subsequently resumed, and failed finally in 1877. Spang's suit is brought to have disclosures made as to what became of the assets. IRON WORKS RESUMING. EASTON, Penn., Feb. 2.-The American Sheet Iron Company, of Phillipsburg, N.J. which has been idle for ten weeks, will resume work on Monday. About 100 men will be put to work. A SWINDLING WOMAN LOCKED UP. EASTON, Penn., Feb. 2.-Mrs. J. C. Goodwin, convicted recently of swindling a hotel keeper here, was to-day refused a new trial, and was sent to jail for six months. Mrs. Goodwin is wanted in Massachusetts and West Virginia to answer charges of swindling in those States. [SUICIDE IN A PHILADELPHIA HOTEL. PHILADELPHIA, Feb. 2.-Frederick Hoffman, A German, about 30 years of age, was found dead in his room at a hotel in North Fourth-st., this morning. He had committed suicide by shooting himself. He had been drinking heavily. He told the proprietor that he belonged in New-York, where he had been employed as a book-keeper and salesman. CRUSHED IN MACHINERY. HUDSON, N. Y., Feb. 2.-Nicholas Finkle, age forty-five, while at work in Akin's mill at Philmont, this morning, was caught in the machinery, carried around a shaft, and killed. A LIFE SENTENCE COMMUTED. ALBANY, Feb. 2. .-The Governor has commuted to twenty-five years' imprisonment the life sentence of Donato Magaldo, who was convicted of murder in the second degree on Feb. 23, 1869, in the city of NewYork. NO CLEW TO A MURDERER. LANCASTER, Penn., Feb. 2.-Investigation into the mysterious death of Bernard Short, who was found lying dead on the road near Rawlinsville, with his brains dashed out, has falled to throw any light on the matter.