Casement Savings Bank - Union City, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: February 1, 1878
Location: Union City, Pennsylvania (41.900, -79.845)

Metadata

Model: gpt-5-mini
Short Digest: 4e38fcad

Response Measures

None

Description

Single short notice (Perrysburg Journal, 1878-02-01) states The Casement Savings Bank, at Union City Pa., has failed. No mention of a depositor run or reopening; interpreted as a permanent failure/closure. No cause given in the item.

Events (1)

1. February 1, 1878 Suspension

Cause Details: Article simply reports the bank has failed; no reason (rumor, correspondent failure, local shock, etc.) is given in the text.
Newspaper Excerpt: The Casement Savings Bank, at Union City Pa., has failed.
Source: newspapers

Newspaper Articles (1)

1. February 1, 1878 Perrysburg Journal Perrysburg, OH

Article from Perrysburg Journal, February 1, 1878

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Article Text

lunacy proceedings by his children against Thomas Lord, Sr., who recently married Mrs. Hicks at New York, requiring him to appear before the Commissioners Feb. 2, has been granted. The New York Assembly has authorized inquiry into the recent so-called coal combination. Gen. Thomas Ewing, of Ohio, addressed the Maryland Legislature on the 22d, on the silver and currency question. The officers of the Trenton (N. J.) Savings Bank have been arrested on the charge of conspiracy in taking and using funds of said bank and the depositors thereof. The New Hampshire Prohibitory Convention on the 23d nominated Asa S. Kendall for Governor. Strong prohibitory resolutions were adopted. E. K. Collins, the founder of the first American steamship line to Europe, died on the 22d. The National State Bank, of New York city, has suspendep. The New York Senate on the 23d rejected the nomination of Daniel Magone to be Superintendent of Public Works. Judge and Mrs. Asa Packer, of Mauch Chunk, Pa., celebrated the fiftieth anniversary of their marriage on the 24th. Many leading citizens of Pennsylvania, New York and New Jersey were present. The Connecticut House of Representatives has adopted resolutions opposing Bland's Silver bill and favoring the resumption of specie payments. The Finance Committee of the Massachusetts House of Representatives has adopted a bill making the entire State debt payable in geld. Five of the Reading (Pa.) railroad rioters of last July have each been sentenced to six months' imprisonment. On the 25th the Board of Control of the great coal companies met at Philadelphia and signed an agreement binding them all to fulfill the combination contract. The Casement Savings Bank, at Union City Pa., has failed. R. & J. J. Watson, coal dealers of Pittsburgh, are bankrupts. New York banks hold over $50,000,000 in gold. E. J. Hoppins, tried at Auburn for the murder of Philip Proudfit at Mt. Sterling, N. Y. last July, was acquitted on the 25th. Half an hour after the verdict was given he was married. On the 26th gold closed in New York at 10114. The Seaboard Pipe Line Company, with headquarters at Titusville, Pa., has been or ganized-B. D. Benson, President.