19704. Cranston Savings Bank (Providence, RI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
September 22, 1892
Location
Providence, Rhode Island (41.824, -71.413)

Metadata

Model
gpt-5-mini
Short Digest
f0323743

Response Measures

None

Description

Newspapers show the Cranston Savings Bank was in receivership (held by a receiver) and in liquidation, with final dividends paid in April 1893. There is no mention of a depositor run; the bank was closed/ liquidated and a receiver (Lorin M. Cook) handled final dividend payments. Receivership was already in place by Sept 22, 1892 (article noting claims held by receivers).

Events (3)
1. September 22, 1892 Suspension
Cause
Government Action
Cause Details
Bank was in receivership and its claims/assets were being settled by receivers; bank suspended operations and entered liquidation.
Newspaper Excerpt
claims against the estate held by the receivers of the Franklin and Cranston Savings Banks were sold
Source
newspapers
2. March 1, 1893 Receivership
Newspaper Excerpt
LORIN M. COOK, Receiver. Providence, R.I., March 1. 1893. DIVIDENDS. CRANSTON SAVINGS BANK. FINAL DIVIDEND. The 9th and final dividend in liquidation ... will be paid at the Banking Room of said Bank ... by order of the Court will be stamped 'Worthless final dividend paid. Lorin M. Cook, Receiver,' and returned to the owners. (Providence News, Apr 1893).
Source
newspapers
3. April 15, 1893 Other
Newspaper Excerpt
The 9th and final dividend in liquidation of 3 per cent. will be paid at the Banking Room of said Bank ... Lorin M. Cook, Receiver. (Providence News, Apr 15, 1893).
Source
newspapers

Newspaper Articles (10)
1. September 9, 1892 The Providence News Providence, RI
Article from The Providence News, September 9, 1892

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Article Text

NEWS OF REAL ESTAE. Now is the Time the Market Commences to Regain Its Activity. Every incoming train and steamboat brings a new lot of arrivals home from their summer vacation. And every lot of arrivals means money spent at home instead of elsewhere. The real estate man is as will aware of this fact as anybody else. Нө, therefore, at this season, begins to boom his property and the real estate market quickly awakens from its summer dullness. Soon it will regain all of last spring's activity. The fact that a fair return may be realized from property sold at action has thrown considerable property in the market to be sold in that manner. On Monday, Sept. 19, George H. Burnham will sell at auction a lot of land on the southerly side of Cypress street, well improved with fine dwellings. The lot measures about 50 by 100. The sale is by order of the joint standing committee of the City Council on city property. On Wednesday, Sept. 21, by order of Louis L. Angell, assignee, the property bounded by Broad, Central and Pearl streets, heretofore occupied for a lumber yard by the firms of Winsor & Brown, R. B. Winsor & Co. and Andrew Winsor & Co., including that occupied by the PROVIDENCE Sash and Blind Company, will be sold at public auction. There is a frontage of 130 feet on Broad street, about 90 feet on Pearl street and several desirable lots on Central street. Also the property nearly opposite that described above known as the Brown Mill estate," fronting 120 feet on Central street, and also having a convenient frontage on A street. On this property is a large wooden building about 40 by 96 feet, and an adjoining building about 35 by 40 feet, and an 80-horse power Corliss steam engine, with boilers and shafting, making a de sirable property for jewelry or light manufacturing enterprises. All this property is available for business or residence purposes, and is in a very desirable part of the city, and, as it will be sold in separate parcels, it offers a rare opportunity for purchasers. The sale doubtlessly will be attended by a large number and the character of the property promises that the bidding will be lively and spirited. Also by order of Mr. Angell, as assignee, there will be a peremptory sale of desirable real estate on Wednesday, Sept. 21. It is a tract of land bounded northerly on Carpenter street, on which it measures 100 feet, and bounded westerly on Courtland street, on which it measures sixty feet. An adjoining lot fifty feet wide on Courtland street and 120 feet deep will be sold also, The estate now has buildings upon it fitted for a coal yard, but it is desirable for business or other purposes. Auctioneer William H. Herrick commenced yesterday to close out at auction desirable house lots on the Josiah Chapin plat. The sale concludes to-day. The lots front principally on Cranston and Messer streets, and the sale is by order of the receivers of the Franklin Institution for Savings and the Cranston Savings Bank. The section of the city in which the Josiah Chapin plat is situated is thickly populated and is growing. This is au opportunity to obtain at a fair price very desirable property. The terms of the sale are $10 cash per lot to be paid to the auction er at the time of the sale and the balance in cash on the delivery of the deed, which will be one week after the day of sale. At Cambridge Park. Business is booming on the Cambridge Park plat. Among the recent purchasers are the following Thomas Hoar, Cranston, four lots: Mrs. Delia Griffin, PROVIDENCE, one lot; Aifred Carter. PROVI DENCE, one lot; Axel P. Kihlstrom. PROVIDENCE, four lots: Charles Swanson, PROVIDENCE, two lots: William Wildprett, two lots: Carl G. T. Oberholm, PROVIDENCE, two lots: J. W. D. Foster, PROVIDENCE, one lot; Patrick F. Cummings, Oineyville, six lots; Washington

2. September 23, 1892 New-York Tribune New York, NY
Article from New-York Tribune, September 23, 1892

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A CLAIM FOR $2,000,000 SOLD FOR 81 50. Providence, R. I., Sept. 22.-One of the final acts In the settlement of the great Sprague estate 00curred to-day, when claims to the amount of $2,000,000 against the estate held by the receivers of the Franklin and Cranston Savings Banks, were sold for $1 50. The sale was a necessary formality In the settlement of the estate.

3. September 28, 1892 Watertown Republican Watertown, WI
Article from Watertown Republican, September 28, 1892

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THE Dominion government has en notified by the british governent that a British man-of-war has en ordered from the Pacific to ce proceed to Vladivostock, Russia. investigate the recent seizures of nadian vessels by the Russian cruiss, and to offer relief to those crews 10 still may be in custody of the Rusins. THE Court Street Methodist Church Flint, Mich., burned. The fire caught m an oil stove that had been placed der the organ to dry it out. Loss, 2,000; insurance, $18,000. CLARENCE TEAR, burglar; Richard rdner, highwayman; Eugene Day, zhwayman; John Davis, under intment for felonious assault, and John ith, thief, escaped from Monroe unty rail at Rochester. N. Y. Tear ened his cell door with a key and sed the others. PETER MINSKI, proprietor of a carrou1, shot and killed Morris Boyle at Chigo. The men had quarreied in a barom shortly before the murder. Mini claims that he was waylaid by Boyle d shot in self-defense. FOUR negroes and one white man were hipped at Newcastle, Del., in the esence of about 300 spectators. THE London Post calls attention to el national aspect of the transfer of the o fast steamers of the Inman Line to e United States registry as diminishg England's effective strength at sea. says: " We do not care to contemate the possibility of their employent against us. We must never alw our naval supremacy to be ked." LEONARADA, a notorious Sicilian brigd, has been captured, after a sharp ht. THE execution of an innocent gentlean, as the reported leader of Tekhua ti-Christian riot in 1891, has caused other serious rising in Fukien. THE imposition of the new tariffs on e island of Porto Rico meets with uch opposition. As in Cuba, the merants closed their establishments. The ople also indulged in noisy demonrations, and a number of collisions ocrred between them and the armed rces. Senor Vege Verdugo, manager the treasury, made an attempt to nd in order to quell the disorders, t was compelled to remain on the eamer in order to avoid personal inry at the hands of the infuriated peo'a THE Socialistic Labor party in New ork City have placed a full municipal ket in the field. Alex. Jonas, editor the Volks Zeitung, is their candidate I ONE of the final acts in the settlement the great Sprague estate at Provience, R. I., occurred when $2,000,000 claims against the estate held by the ceivers of the Franklin and Cranston vings Banks were sold for $1,502. e sale was a necessary formality. A BIG FOUR fast freight train was recked at Dayton, O., by a 6-year-old y turning t switch. He explained T saying he wanted to see a big wreck. n cars were smashed and piled on ch other and freight scattered over e debris. Fortunately no one was irt. THE liyerymen of Chicago have rmed a trust, and have put the price carriages during the World's Fair rade dedication at $22 per day. The rectors have been compelled to pt the price, and the outlay for Ocber 21 will be $10,600. ONE car containing several cages ie of the trains of Forepaugh's circus mped the track near Sinking Springs, 1., on the Reading Railroad. The ges contained a bear and several lope, and rolled down an embankent. No serious damage was done. J. H. VICKS, a millionaire of New ork City, and president of the Wicks efrigerator company, with headquarrs at Rochester, N. Y., fell out of the cond story window of a disreputable buse at Detroit and was instantly illed. He was entirely undressed and is supposed was intoxicated. Ile xteen feet to the stone sidewalk riking on the back of his head, break g his neck and fracturing his skull. THE elegant colonial residence of 40 Fish

4. September 29, 1892 Eagle River Review Eagle River, WI
Article from Eagle River Review, September 29, 1892

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Article Text

NEWS PARAGRAPHS. THE Dominion government has just been notified by the British government that a British man-of-war has been ordered from the Pacific to at once proceed to Vladivostock, Russia, to investigate the recent seizures of Canadian vessels by the Russian cruisers, and to offer relief to those crews who still may be in custody of the Russians. THE Court Street Methodist Church at Flint, Mich., burned. The fire caught from an oil stove that had been placed under the organ to dry it out. Loss, $32,000; insurance, $18,000. CLARENCE TEAR, burglar; Richard Gardner, highwayman; Eugene Day, highwayman; John Davis, under indictment for felonious assault, and John Smith, thief, escaped from Monroe County jail at Rochester, N. Y. Tear opened his cell door with a key and released the others. PETER MINSKI, proprietor of a carrousal, shot and killed Morris Boyle at Chicago. The men had quarreied in a barroom shortly before the murder. Minski claims that he was waylaid by Boyle and shot in self-defense. FOUR negroes and one white man were whipped at Newcastle, Del., in the presence of about 300 spectators. THE London Post calls attention to the national aspect of the transfer of the two fast steamers of the Inman Line to the United States registry as diminishing England's effective strength at sea. It says: We do not care to contemplate the possibility of their employment against us. We must never allow our naval supremacy to be relaxed." LEONARADA, a notorious Sicilian brigand, has been captured, after a sharp fight. THE execution of an innocent gentleman, as the reported leader of Tekhua anti-Christian riot in 1891, has caused another serious rising in Fukien. THE imposition of the new tariffs on the island. of Porto Rico meets with much opposition. As in Cuba, the merchants closed their establishments. The people also indulged in noisy demonstrations, and a number of collisions occurred between them and the armed forces. Senor Vege Verdugo, manager of the treasury, made an attempt to land in order to quell the disorders, but was compelled to remain on the steamer in order to avoid personal injury at the hands of the infuriated people. THE Socialistic Labor party in New York City have placed a full municipal ticket in the field. Alex. Jonas, editor of the Volks Zeitung, is their candidate for mayor. ONE of the final acts in the settlement of the great Sprague estate at Proviidence, R. I., occurred when $2,000,000 of claims against the estate held by the receivers of the Franklin and Cranston Savings Banks were sold for $1,502. The sale was a necessary formality. A BIG FOUR fast freight train was wrecked at Dayton, O., by a 6-year-old boy turning the switch. He explained by saying he wanted to see a big wreck. Ten cars were smashed and piled on each other and freight scattered over the debris. Fortunately no one was hurt. THE liverymen of Chicago have formed a trust, and have put the price of carriages during the World's Fair parade dedication at $22 per day. The directors have been compelled to accept the price, and the outlay for October 21 will be $10,600. ONE car containing several cages in one of the trains of Forepaugh's circus jumped the track near Sinking Springs, Pa., on the Reading Railroad. The cages contained a bear and several antelope, and rolled down an embankment. No serious damage was done. J. H. WICKS, a millionaire of New York City, and president of the Wicks Refrigerator company, with headquarters at Rochester, N. Y., fell out of the second story window of a disreputable house at Detroit and was instantly killed. He was entirely undressed and it is supposed was intoxicated. IIe fell sixteen feet to the stone sidewalk, striking on the back of his head, breaking his neck and fracturing his skull. THE elegant colonial residence of Frederick S. Fish, son-in-law of J. M. Studebaker, at South Bend, Ind., was totally destroyed by fire. The fire is believed by some to have been incendiary. The house was as yet unoccupied, workmen being just finishing it. Loss, $50,000; insured. UNKNOWN parties entered the postoffice at Weiser, la., blew open the safe with giant powder, and secured about $700 in money, stamps and postal notes. Certificates of deposit amounting to $1,200 were taken, but they are worthless to the robbers. OTIS SCOTT, a prominent money-lender of Port Huron, Mich., has disappeared. Friends had indorsed $50,000 worth of paper for him, and it has been discovered that he has disposed of all his property. He is believed to be in Canada.

5. April 15, 1893 The Providence News Providence, RI
Article from The Providence News, April 15, 1893

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Article Text

DIVIDENDS. CRANSTON SAVINGS BANK. FINAL DIVIDEND. The 9th and final dividend in liquidation of 3 per cent. will be paid at the Banking Room of said Bank, 37 South Main street, Providence, R.I., on and after this date. All books presented upon which such final dividend shall be paid, by order ot the Court will be stamp d "Worthiese final dividend paid. Lorin M. Cook, Receiver," and re. turned to the owners. Hours of payment from 10 a. m. to 1 p. m. LORIN M. COOK, Receiver. Providence. R 1.. March 1. 1803.

6. April 18, 1893 The Providence News Providence, RI
Article from The Providence News, April 18, 1893

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Article Text

DIVIDENDS. CRANSTON SAVINGS BANK. FINAL DIVIDEND. The 9th and final dividend in liquidation of 3 per cent. will be paid at the Banking Room of said Bank, 87 South Main street, Providence, R. I., on and after this date. All books presented upon which such final dividend shall be paid. by order or the Court will be stamp d "Worthies: final dividend paid. Lorin M. Cook, Receiver," and returned to the owners. Hours of payment from 10 a. m. to 1 p. in. LORIN M. COOK, Receiver. Providence, R. I., March 1. 1893.

7. April 19, 1893 The Providence News Providence, RI
Article from The Providence News, April 19, 1893

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Article Text

DIVIDENDS. CRANSTON SAVINGS BANK. FINAL DIVIDEND. The 9th and final dividend in liquidation of 3 per cent. will be paid at the Banking Room of said Bank, 37 South Main street, Providence, R. I., on and after this date. All books presented upon which such final dividend shall be paid, by order or the Court will be stamp d "Worthies final dividend paid. Lorin M. Cook, Receiver," and returned to the owners. Hours of payment from 10 a. m. to 1.p. m. LORIN M. COOK, Receiver. Providence, R.I., March 1, 1893.

8. April 20, 1893 The Providence News Providence, RI
Article from The Providence News, April 20, 1893

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Article Text

DIVIDENDS. CRANSTON SAVINGS BANK. FINAL DIVIDEND. The 9th and final dividend in liquidation of 3 per cent. will be paid at the Banking Room of said Bank, 37 South Main street, Providence, R. I., on and after this date. All books presented upon which such final dividend shall be paid, by order or the Court will be stamp d "Worthiess; final dari. dend paid. Lorin M. Cook, Receiver," and rea turned to the owners. Hours of payment from 10 a. m. to 1.p. m. LORIN M. COOK, Receiver. Providence, R. 1., March 1. 1893.

9. April 21, 1893 The Providence News Providence, RI
Article from The Providence News, April 21, 1893

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TO LET-MISCELLANEOUS OR LEASE-SMALL FARM IN AP. TOJET potuing, with fruit orchard: suitable for ponttry raising or farming: rent reasonable Apply H. F. FERRIN, 49 Weybosset street. ap21-2t LET-GOOD STORES ON SIDE ST., JUST T° on Weybosset st.. in first-class order, new fronts, possession at once. Address STORES, News office. ja10-tf DIVIDENDS. CRANSTON SAVINGS BANK. FINAL DIVIDEND. The 9th and final dividend in liquidation of 3 per cent. will be paid at the Banking Room of said Bank, 87 South Main street, Providence, R. I., on and after this date. All books presented upon which such final dividend shall be paid, by order of the Court will be stamped "Worthiess final dividend paid. Lorin M. Cook, Receiver," and returned to the owners. Hours of payment from 10 a. m. to 1 p.m. LORIN M. COOK, Receiver. Providence, R.I., March 1. 1893.

10. April 29, 1893 The Providence News Providence, RI
Article from The Providence News, April 29, 1893

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Article Text

DIVIDENDS. CRANSTON SAVINGS BANK. FINAL DIVIDEND. The 9th and final dividend in liquidation of 3 per cent. will be paid at the Banking Room of said Bank, 37 South Main street, Providence, R.I., on and after this date. All books presented upon which such final dividend shall be paid, by order or the Court will be stamped "Worthies: final dividend paid. Lorin M. Cook, Receiver," and returned to the owners. Hours of payment from 10 a. m. to 1 p. m. LORIN M. COOK, Receiver. Providence, R. I., March 1,1903.