21972. Bradford Savings Bank & Trust Company (Bradford, VT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
April 10, 1902
Location
Bradford, Vermont (43.993, -72.129)

Metadata

Model
gpt-5-mini
Short Digest
97b2be2c

Response Measures

None

Description

Articles (April 1902) state the Bradford Savings Bank & Trust Company is in the hands of a receiver (James B. Hale) and that he paid a fourth dividend on April 10. No article describes a depositor run; the bank is under receivership and paying dividends, indicating suspension/closure with a receiver rather than a reopening. A hearing on April 16 about the institution is also reported.

Events (2)
1. April 10, 1902 Receivership
Newspaper Excerpt
James B. Hale, receiver of the Bradford savings bank and trust company, paid April 10 the depositors of that institution the fourth dividend, of 10 per cent., which makes the amount of the dividend so far 60 per cent.
Source
newspapers
2. April 16, 1902 Other
Newspaper Excerpt
There was a hearing in the Windham county clerk's office Apr. 16th in regard to the Bradford Savings Bank and Trust company, which is in the hands of a receiver.
Source
newspapers

Newspaper Articles (3)
1. April 17, 1902 Herald and News Randolph, VT
Article from Herald and News, April 17, 1902

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Article Text

leged raising of an order from $1.40 to $30.40 was tried last week. After hearing the testimony, the court discharged Armington, as the order showed no evidence of having been raised. A novel electric sign is being put up on the front of the Berwick house, Rutland. The letters of the word "Berwick" will be illuminated one at a time for a second or two each and after the k has shone the whole word will light up. The process will then begin over again. Congressman Foster has appointed Hobart Harold Shanley of Burlington to the cadetship in the United States Naval Academy at Annapolis to succeed Cadet Harold D. Childs of St. Albans, who is just completing the course. Mr. Foster has appointed several alternates. The organization of the Bennington Security company, with a paid up capital of $25,000, was fully completed last week. The business of the company will be the placing of bonds, loans, and mortgages, buying and selling of securities and organization of new companies. The receiver of the Merchants' National bank. Rutland, has obtained judgment against the United States Fidelity and Guaranty company, which turnished Cashier Mussey's $20,000 bonds. This decision means that the depositors of the Merchants' bank will eventually receive another dividend. About $500 was added to the treasury of the Ethan Allen club, Burlington, by the presentation of a minstrel show recently. Geo. H. Wilder of Montpelier was presented with nopal ring by the club in appreciation of his untiring efforts in getting up the entertainment which was so successfully given. Frederick T. Sharp, of Burlington, a former temporary instructor in the Edmunds high school and a graduate of the University of Vermont in the class of 1895, has been adjudged insane and committed to the hospital at Waterbury. The cause of Mr. Sharp's condition is said to be excessive study and reading. The steamer Reindeer will not be operated this season by the Central Vermont Railway company as an excursion boat but its various parties to and from Burlington will be carried by the steamers of the Champlain Transportation company. It is possible that the Reindeer may be leased and thus kept in commission. Hall Park McCullough has sold his house on Park Ave., New York recentlv given him by his father, Gen. J. G. McCullough of North Bennington, to the banking firm financing the rapid transit tunnel. All the houses injured by the recent cave-in have been bought and the expected suits against the contractors will not be brought. It has been announced by the executor of the estate of Mrs. Martha J. Sumner that the sum of $500 has been set apart from her estate and bequeathed to the board of school commissioners of the Burlington High school to be invested by them and to be kept and known as "The Stephen Gates Scholarship." The gift is in memory of Mr. Gates. James B. Hale, receiver of the Bradford Savings Bank and Trust company, has paid the depositors of that institution the fourth dividend of 10 per cent, which makes the amount of the dividend 60 per cent up to the present time. A hearing was had yes-

2. April 18, 1902 Vermont Phœnix Brattleboro, Bellows Falls, Ludlow, VT
Article from Vermont Phœnix, April 18, 1902

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Article Text

James B. Hale, receiver of the Bradford savings bank and trust company, paid April 10 the depositors of that institution the fourth dividend, of 10 per cent., which makes the amount of the dividend so far. 60 per cent. H. M. Griffin, a marble dealer, 65, committed sucide by shooting at Bradford Friday, one bullet passing through his right temple and another lodging in his stomach. Despondency resulting from illness is assigned as the cause of the act. He leaves a wife and two children. The Amalgamated quarrymen's union at Barre, Friday night accepted a proposition from the quarrymen's association for a five-year time and wage schedule. The agreement was also ratified by the association, following the action of the union. It will go into effect July 1, and although until that date there is no change in the hours of labor, no strike will occur next week as anticipated. Beginning July 1 eight hours will constitute a day's work, with an increase of 10 per cent. over the present scale of wages.

3. April 24, 1902 Herald and News Randolph, VT
Article from Herald and News, April 24, 1902

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Article Text

State of Vermont. Its News Condensed and Rewritten for Our Readers. G. E. Shepard is appointed postmaster at South Albany, a fourth class office. Mr. and Mrs. Wm. P. Drown recently observed their golden wedding in No. Troy. The calf resembling a bull dog, owned by Charles Matthews of Middlebury, is dead. The injunction against the breweries located opposite Brattleboro in New Hampshire has been continued. The physicians of Windham county have effected an organization to be known as the Windham County Medical society. About $700 was raised for the support of the baseball team of the University of Vermont, Burlington, at a recent meeting. The graduating class of the academy at Morrisville is the largest in the history of the school, numbering twenty-e persons. Assistant Secretary of the Navy Charles H. Darling has been ill for several days at his home in Washington with malarial fever. The last of the smallpox cases at Burlington is now convalescent. The pest house on North avenue was fumigated last week and closed. L. E. Lunt of Melrose, Mass., was the highest bidder, at $15,680, for the historic old Vermont, lately a receiving ship at the New York Navy Yard. E. L. Putney of Montpelier has bought the undertaking business of George McCormick. Mr. McCormick will withdraw from the business entirely. Dr. Watson L. Wasson has been appointed to fill the vacancy on the medical staff of the hospital for the insane at aterbury caused by theresignation of Dr. F. E. Farmers. Percival W. Clement is the principal stockholder in the New England Hotel company which is to build a 20story hotel at Fifth Ave. and Fortytourth St., New York. As a result of a conference and investigations by the Burlington school board regarding the trouble at the Pomeroy school, the matter has been adjusted so that the Hebrew children have returned to school. At the meeting of the incorporators of the First National Bank of Bristol April 14th, it was voted to organize r the bank with a capital of $25,000. Articles of association were drafted and directors elected. The spring term at Goddard seminary Barre, has opened under most favorable conditions. An unusually a large number of new students for a spring term are enrolled. The present number of boarding students has H been exceeded only once in the last e five years. "Nan, the Mascot," a four-act drama, was repeated in Concert hall, Northfield, April 15, by the members of the high school graduating class, for the benefit of Frank Townson, who was recently seriously injured at the Almon slate pit. The net proceeds were about $40. A recent report prepared by the House committee on claims at Washh ington shows that there are sixteen o Vermont letter carriers entitled to rec ceive back pay under the act of May, e 1888, prohibiting carriers to work in excess of eight hours a day, except for extra compensation. a Mrs. S. Howard of Middlesex is a a critically ill from the effects of the coal gas which she recently inhaled. o She was tound in an unconscious condition, the room being filled with h gas. But for prompt assistance it is n thought she would have been asphyxtl iated. She is about 80 years old. fo L. B. Stebbins, of Northfield, is the g valedictorian of this year's graduating class of Norwich University, Northn field, and Guy H. Watson, of Lyndonville, the salutatorian. F. E. Burr, of Worcester, Mass., H. M. Hobson, of Island Pond, and Robert T. Phinney, of of Montpelier, will deliver orations. The Ladies' Village Improvement society of Lyndonville has expended about $175 during the past year, most of this amount being used on the parks. The society now has $450 in 5the treasury. Something over $550 SI has been raised by the women during the year. B There was a hearing in the Windham county clerk's office Apr. 16th in of regard to the Bradford Savings Bank se and Trust company, which is in the p hands of a receiver. Attorneys W. B. as C. Stickney of Bethel and J. B. Peckett el of Bradford were present, also Horace W. Bailey and James B. Hale of Newb: bury. of In addition to $3,000 given to PhilW lips Exeter academy to found a scholarsi ship in memory of her father, Miss 18 Susan G. Perkins of Concord, N. H., J has given a like sum for the same purec pose to Norwich University at Northu field,from which institution her father, or Hamilton Ellcot Perkins, was graduated in 1824. A Japanese shrub tree, which has P been growing a long time in the counof ty court house yard in Montpelier, is W being dug up in order that the grounds can be graded. This tree is of a rare species, and was brought from WashM ington by E. P. Walton when con-