Lime Rock National Bank - Providence, RI

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 1369
Charter Number: 1369
Start Date: December 1, 1894
Location: Providence, Rhode Island (41.824, -71.413)

Metadata

Model: gpt-5-mini
Short Digest: 32dde5be

Response Measures

None

Description

Article (Providence, Dec 1, 1894) reports that the affairs of the Lime Rock National Bank are to be speedily wound up and stockholders expect about 90% on par — indicates voluntary winding-up/closure. No run or depositor agitation is mentioned.

Events (3)

1. June 30, 1865 Chartered

Source: historical_nic

2. November 27, 1894 Voluntary Liquidation

Source: historical_nic

3. December 1, 1894 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank is being speedily wound up (voluntary liquidation) with expectation stockholders will receive ~90% of par.
Newspaper Excerpt: The affairs of the Lime Rock National Bank are to be speedily wound up. The president of the bank expects that the stockholders will realize about 90 per cent on the par value of their stock.
Source: newspapers

Newspaper Articles (1)

1. December 2, 1894 New-York Tribune New York, NY

Article from New-York Tribune, December 2, 1894

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Article Text

# THE PROVIDENCE CITY ELECTION, # A VICTORY OVER THE GAMBLING ELEMENT-IM- # PROVEMENTS IN DAVIS PARK. Providence, R. I., Dec. 1 (Special). -The city election passed off about as anticipated. The present incumbents in the elective city offices were re-elected in every case. Mayor Olney went in by a smaller plurality that a year ago, the official count showing a plurality of 450 in more than 18,000 votes. The Republican majority of 2,000 in the Congress election naturally could not be retained. Mr. McGuinness, the Democratic candidate, is a highly respectable young man, And he polled the full strength of his party and received a few Republican votes. The sporting element fought hard against Mayor Olney's re-election, not that they had anything to hope for from Mr. McGuinness, but because they knew from experience that they had an uncompromising opponent in Mayor Olney, whose record shows that he intends to enforce the laws, and especially the laws against gambling. The Sixth Ward, which has hitherto been generally Democratic, elected the Republican Council ticket. The West Democratic faction won the fight in the Tenth. The net result is: Aldermen, eight Republicans and two Democrats; Councilmen, forty-one Republicans and nine Democrats. Four out of the ten Aldermen are new to the board, although all have served in the lower branch. The court-martialling of Captain Bernard Hackett on a charge of falsifying his company rolls at the annual encampment of the militia has resulted in the disbandment of Company E, popularly known as the Meagher Guards, over which Captain Hackett held a commission for many years. The dismissal of Captain Hackett precipitated a feeling of in-subordination in the company, and they refused to elect any one to succeed him. Two new primary school buildings were voted by the Board of Aldermen this week in concurrence with the Common Council. The affairs of the Lime Rock National Bank are to be speedily wound up. The president of the bank expects that the stockholders will realize about 90 per cent on the par value of their stock. The capital stock is $50,000, and it is one of the older banks. The greatly increased valuation assessed against property-holders in the town of East Providence has become the source of litigation. Several of those whose assessments were greatly in excess of what they deemed just and equitable have asked the Supreme Court for an injunction. Great Improvements have been made this season in the new Davis Park, in Chalkstone-ave. This was the Thomas Davis homestead and consists of thirty-two acres of land, beautifully diversified in hill and dale, and made more attractive by swiftly running brooks and thickly wooded hillsides. A fine boulevard has been laid out through the park and several additional walks. The Catholic Total Abstinence Temperance Union of the diocese of Providence held its annual convention at Pawtucket on Thanksgiving Day. The membership has increased 300 during the year. The Rev. William Pyne, of Providence, was elected president, and P. H. Quinn, of Phoenix, was re-elected secretary. Mr. Quinn is the head of the Knights of Labor in this State.