China Savings Bank (Suncook, NH)

Episode Information

Episode Type
Run → Suspension → Unsure
Start Date
December 10, 1883
Location
Suncook, New Hampshire (43.131, -71.453)
Bank Type
savings

Metadata

Episode ID
Bank ID
City ID
330870274
Model
gemini-3-flash-preview
Short Digest

Notes

The bank closed 'temporarily' due to a run; while articles suggest it might pay in full, there is no explicit confirmation of a reopening date in the provided text.

Events (3)
1. December 10, 1883 Run
Cause
Rumor Or Misinformation
Cause Details
The articles state no cause appeared for the run, implying unfounded nervousness or rumors.
Measures
The bank examiner was sent for and an investigation began.
Newspaper Excerpt
in consequence of a run for which no cause has appeared, the China Savings Bank at Suncook closed its doors temporarily to-day.
Source
newspapers
2. December 10, 1883 Suspension
Cause
Rumor Or Misinformation
Cause Details
Closed temporarily as a direct result of the run for which no cause appeared.
Newspaper Excerpt
the China Savings Bank at Suncook closed its doors temporarily to-day.
Source
newspapers
3. December 11, 1883 Other
Newspaper Excerpt
The Commissioners will employ experts to examine into the bank's affairs. They are confident that the bank will be able to pay dollar for dollar
Source
newspapers

Newspaper Articles (5)
1. December 11, 1883 New-York Tribune New York, NY
Article from New-York Tribune, December 11, 1883

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Article Text

1 SAVINGS BANK CLOSES ITS DOORS. [BY TELEGRAPH TO THE TRIBUNE.] BOSTON, Dec. 10.-A Journal dispatch from Suncook, N. H., says that, in consequence of a run for which no cause has appeared, the China Savings Bank at Suncook closed its doors temporarily to-day. The bank examiner was sent for, and at once began an investigation. Last spring the institution was reported as having no bad or doubtful debts and no over-due paper. No loss has occurred during the thirteen years' administration of Treasurer Charles T. Hildreth. The bank, it is thought, will resume business to-morrow. The treasurer is reported confined to his house by illness.

2. December 12, 1883 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, December 12, 1883

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Article Text

FINANCIAL. A National Bank Suspended. NEW YORK, Dec. 11.-The Manufacturers' bank of Amsterdam, has closed in consequence of the recent failures, and a heavy run upon it by the depositors. It is generally believed that the bank can meet its obligations and that the suspension will be of short duration. Run Upon a Savings Bank. SUNCOOK, N. H., Dec. 11-The excitement at the China bank has subsided. The liabilities to depositors are $160,000 and convertible securities $152,000; cash on hand $8000 or $9000 The commissioners have not yet completed their investigation but will employ an expert and are confident the bank will pay dollar for dollar to all depositors. A New Mexico Bank Closed. DENVER, Dec. 11.-An attachment was levied today against C. P. Crawford, a banker of Silver City, N. M., amount involved $40,000. The Grant County Bank of Silver City closed today and an assignee has been appointed. The Attachment Against the Graphic Company. NEW YORK, Dec. 11.-James W. Hinkley, managing director of the Graphic Company, stated today in regard to the attachment against the company reported applied for, that Ernest C. Brown was the Chicago agent for some time and his accounts recently snowed a deficiency of $8000 or $9000 which he could not explain to the company, so he was discharged and this affair was the outcome; also that the company had no liabilities which it could not meet. Operations to be Resumed at Once. PARIS, Dec. 11.-At a cabinet council today Premier Ferry stated that he had telegraphed Admiral Courbet to resume operations with the utmost vigor. Other Matters. NEW YORK, Dec. 11.-Charles Fox's Son & Co., carpet manufacturers, have assigned with preferences of $92,785. ST. LOUIS, Dec. 1.-The H. S. Falter manufacturing company assigned today. Liabilities $75,000.

3. December 12, 1883 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, December 12, 1883

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Article Text

NEWS IN BRIEF. Boston, December 11.—City's vote complete for mayor: Martin, 27,446; O'Brien, 25,989. Pittsburg, December 11.—The strike in Gamble & Risher's coal mines, of the third pool, is nearing an end. Mansfield, La., December 11.—Sheriff Alfred Sout, of Sabine parish, was killed by J. H. Ware. The murderer was arrested. Denver, December 11.—Payne, Potter & Co.'s general store, Georgetown, N. M., burned yesterday. Loss, $40,000; insurance, $29,000. Philadelphia, December 11.—Edward Heald, manufacturer of cotton and woolen goods, suspended. Liabilities, $45,000; assets, $30,000. Providence, December 11.—The Quidneck Company have voted to sell all their real estate, mills and machinery at public auction January 11th. Worcester, Mass., December 11.—Chas. G. Reed, citizens' candidate, was elected mayor over S. E. Hildreth, present incumbent. The city votes for license. St. Louis, December 11.—The number of building permits granted here the past year was 3762; value of buildings erected and improvements made, $10,500,000. Harrisburg, Pa., December 11.—The State Grange of Patrons of Husbandry met in annual session this evening. They were welcomed to the capital by the Governor. Charleston, S. C., December 11.—Mayor Courtenay was re-elected. The Democratic nominees for aldermen and members of school board were elected without opposition. Suncook, N. H., December 11.—The run on the China Bank has somewhat subsided. Liabilities to depositors in convertible securities, $15,200; cash on hand,

4. December 12, 1883 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, December 12, 1883

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Article Text

TELEGRAPHIC BREVITIES, Senator Tabor is on the way to San Francisco. Senator Jones of Nevada is at the Hoffman House, New York. The British Parliament will be further prorogued until February. Tennyson's title will be " Baron Tennyson Drincourt of Aldworth." It is reported that Parnell will probably decline the testimonial fund. Carl Schurz has dissolved connection with the New York Evening Post. A mass meeting of O'Donnell sympathizers was held on the West Side, Chicago, Monday. Four inches of snow in Saltillo, Mexico, has alarmed the superstitious. The fall of snow was unprecedented. It is reported that the body of Hicks Pasha has been found, one hand grasping a sword and the other a revolver. The case of ex-Senator Kellogg, indicted in connection with the star routes, goes over to the next term of Court in Washington Big Bill Kinney, who was acquitted of murder at West Union, W. Va., Monday, was taken from the jail by a mob and hanged. In consequence of a run for which no cause appeared, the China Savings Bank at Suncook, N. H., closed its doors temporarily Monday. The call of States Monday in the House of Representatives reached Massachusetts. An average of seven bills to each member was introduced. Amos Webster, Chief Clerk of the Treasury Department, has tendered his resignation as AdjutantGeneral of the militia for the District of Columbia. At a meeting of Liberal workmen at Torquay, England, a motion to petition the Government for the commutation of 'Donnell's sentence was defeated. There is great excitement at Suakim in consequence of expected night attacks. The English gunboat Ranger is throwing rockets over the town to scare the rebels. C. P. Crawford, a banker at Silver City, New Mexico, has been attached for $40,000. The Grant County Bank, also at Silver City, has closed and an assignee has been appointed. The agent in Rome of the French Government has applied to the Italian Steamship Company for steamers for the Tonquin service. The company refused to grant the application. Lord Coleridge writes that Gladstone is very anxious that some one should write a really good book about Americans, but as for himself (Coleridge) he even shrinked from writing magazine articles. A Paris correspondent says: " After the vote on Monday on the Tonquin credit bill, China must abandon all hope of France retreating. The time has come for the neutral powers to dispel the illusions of the Chinese, and urge upon China the necessity of conciliation." The steamship Plantyn, fears of the loss of which have been felt for several days past, as she has not been heard from since she sailed from New York on November 13th, is safe. The agents received a dispatch stating that she had put into Londonderry disabled. Rev. Dr. Wilson, for attending Salvation Army meetings, was dismissed from the curacy of St. George's Cathedral at Kingston, Ontario. Members of the congregation are signing petitions for the doctor's reinstatement, and others threaten to leave the church if the doctor returns. The Austrian bark Josif arrived at New Orleans Monday from Capetown, South Africa. She left Capetown on October 15th, and as a part of her freight has twenty-three ostriches, all of which reached New Orleans alive. The birds will be taken to an ostrich farm near San Diego, Cal. The Government Inspector of Explesives at London says of the explosions on the Metropolitan Underground Railway: The dynamite charges were dropped from the train. In the Praed-street case the charge exploded prematurely. The outrages have a distinct connection with the outrages at Glasgow and elsewhere. The announcement that the twenty-five years' compact had been signed in New York between the Union Pacific, Rock Island, and Milwaukee and St. Paul roads is accepted in Chicago as a fact. It is looked upon by the other members of the Iowa pool as a culmination of the policy of the St. Paul road, outlined by it when it gave its first notice of intention to withdraw from the combination one month ago.

5. December 13, 1883 New-York Tribune New York, NY
Article from New-York Tribune, December 13, 1883

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Article Text

THE SUSPENDED BANK AT SUNCOOK. SUNCOOK, N. H., Dec. 11.-Theexcitement in the case of the China Savings Bank, upon which a run was previously reported, has somewhat subsided. The liabilities to depositors are $160,000. The convertible securities are valued at $152,000. and the cash on hand is $8,500. The Commissioners will employ experts to examine into the bank's affairs. They are confident that the bank will be able to pay dollar for dollar to the depositors.