Union Savings Bank - Norfolk, VA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: December 22, 1892
Location: Norfolk, Virginia (36.847, -76.285)

Metadata

Model: gpt-5-mini
Short Digest: 894678fe

Response Measures

None

Description

Article (The Times, Richmond) dated 1892-12-23 (special dateline Dec. 22) states the Union Savings Bank of Norfolk has gone into voluntary liquidation, caused by the failure of Jacob Haas of the Norfolk Candy Manufacturing Company. No run is mentioned; this is a voluntary suspension leading to closure.

Events (1)

1. December 22, 1892 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank went into voluntary liquidation reportedly caused by failure of Jacob Haas (Norfolk Candy Manufacturing Company).
Newspaper Excerpt: The Union Savings Bank, of this city, has gone into voluntary liquidation, caused, it is said, by the failure of Jacob Haas, of the Norfolk Candy Manufacturing Company.
Source: newspapers

Newspaper Articles (1)

1. December 23, 1892 The Times Richmond, VA

Article from The Times, December 23, 1892

Click image to open full size in new tab

Article Text

NAVY-YARD COMMANDANT. Who Will Relieve Commodore Weaver at Norfolk?-The Names Mentioned. NORFOLK, VA., Dec. 22.-Special.There is considerable talk as to who will relieve Commodore Weaver as commandant at the Norfolk navy-yard, Acting Rear Admiral George Brown, Commodore Oscar F. Stanton and Captain Norton being mentioned. Captain Norton was captain of the navy-yard under Commodore Brown. The Raleigh will come out of the dry dock on Saturday, when she will receive two boilers, making six in all. The Concord is in the dry dock receiving an electric plant. Judge Hill will not deliver his opinion in the Portner license case until the spring term of the City Circuit Court. In the case of ex-Assistant United States Attorney James Lyons against William H. Peters, receiver of the Exchange National Bank, which is a suit for compensation for alleged services as attorney for the receiver, Judge Goff allowed an amended petition to be filed, and the case will be further heard in Richmond next February. Messrs. Sharp & Gwathmey, real estate agents, sold to-day the Rock Club tract of land, 103 acres, near Washington city, to Dr. O. J. Walters, of Washington city, for $100,000. This property was owned exclusively by Norfolk parties. The Union Savings Bank, of this city, has gone into voluntary liquidation, caused, it is said, by the failure of Jacob Haas, of the Norfolk Candy Manufacturing Company. Mr. Harman Drinkwater reports that he has completed the telephone connection between the Second, Third, Fourth, Fifth and Sixth districts on the Virginia coast. The recent storm was very severe on the buy and the Virginia and North Carolina coast, and reports of wrecks and numerous disasters are being received. The schooner Parker, bound from Richmond to New Haven, with lumber, sprung aleak off Hog Island, sank and is a total wreck. All the crew were saved. The schooner Delaware, Captain Agnew, bound from Snow Hill, Md., to Salem, N. C., with lumber, became water-logged and sank off Lower Cedar Point, in Chesapeake bay. The captain and five men were taken aboard the coaster Sallie B. The Delaware was a vessel of one hundred tons. Captain and crew lost everything. Captain Agnew says it was the severest storm he has ever seen on the bay. A large three-masted schooner is reported off Poyner's Hill life-saving station, N. C., with all masts gone and flag flying. The schooner Louisa A. Grout, Captain E. C. Cason, from Philadelphia to Norfolk, was damaged in the storm and lost thirty fathoms of chain and two anchors. The schooner William and James, Captain Furness, from the Eastern Shore, came into port to-day with her rigging badly damaged. The steamer Norfolk ran into and damaged severely the schooner Annie Comber, of Tappahannock, in the lower harbor last night. More disasters are expected. Victor D. L. Mudge, the lawyer formerly of this city, who left here under circumstances which created a sensation, is becoming equally as notorious in Chicago, and has sued Editor Corrigan, of the Turfman, for $25,000 for defamation of character.