2217. Dover National Bank (Dover, DE)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Start Date
January 1, 1897*
Location
Dover, Delaware (39.158, -75.524)

Metadata

Model
gpt-5-mini
Short Digest
918a70d5

Response Measures

None

Description

Contemporary reports state the Dover National Bank was forced to suspend in May, 1897, but resumed with its capital reduced from $100,000 to $50,000. The suspension appears linked to a defaulting teller (William N. Boggs) who misapplied funds; no explicit depositor run is described in these articles. Thus this is a suspension followed by reopening.

Events (3)
1. January 1, 1897* Other
Newspaper Excerpt
but resumed with its capital reduced from $100,000 to $50,000. Wm. N. Boggs, the defaulting teller ... was ... sentenced ... in 1899-05-10 (reporting the earlier suspension and later resumption).
Source
newspapers
2. May 1, 1897* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Defaulting teller William N. Boggs misapplied the bank's funds, prompting the suspension
Newspaper Excerpt
The bank was forced to suspend in May, 1897
Source
newspapers
3. May 10, 1899 Other
Newspaper Excerpt
Wm. N. Boggs, the defaulting teller of the Dover National Bank, was today sentenced ... to five years ... and a fine of $6,500.
Source
newspapers

Newspaper Articles (5)
1. May 10, 1899 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, May 10, 1899

Click image to open full size in new tab

Article Text

Wilmington, Del., May 10.-Wm. N. Boggs, the defaulting teller of the Dover National bank was today sentenced in the United States district court to five years in the Trenton, N. J., penitentiary beginning today and a fine of $6,500. The bank was forced to suspend in. May, 1897, but resumed with its capital reduced from $100,000 to $50,000. Boggs was the principal witness against United States Senator Kenney in the latter's two trials for conspiracy to misapply the bank's funds, in both of which the jury disagreed.

2. May 11, 1899 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, May 11, 1899

Click image to open full size in new tab

Article Text

BOGGS SENTENCED. Defaulting Bank Teller Given Five Years in the Penitentiary. WILMINGTON, Del., May 10.-William N. Boggs, the defaulting teller of the Dover National Bank, was to-day sentenced in the United States District Court to five years in the Trenton, N. J., penitentiary, beginning to-day, and a fine of $6,500. The bank was forced to suspend in May, 1897, but resumed, with its capital reduced from $100,000 to $50,000. Boggs was the principal witness against United States Senator Kenny. in the latter's two trials for conspiracy to misapply the bank's funds, in both of which the jury disagreed.

3. May 11, 1899 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, May 11, 1899

Click image to open full size in new tab

Article Text

GETS FIVE YEARS. Teller Boggs, of Dover National Bank, Is Sentenced. WILMINGTON, Del., May 10.-William N. Boggs, the defaulting teller of the Dover National bank, was today sentenced to five years in the Trenton penitentiary, beginning today, and a fine of $6,500. The bank was forced to suspend in May, 1897, but resumed with its capital reduced from $100,000 to $50,000.

4. May 11, 1899 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, May 11, 1899

Click image to open full size in new tab

Article Text

SENTENCED TO FIVE YEARS. I Boggs, Implicated With Senator Kenney, Given His Deserts. WILMINGTON Del. May 10.-William M. Boggs. defaulting teller of the Dover National bank, was today sentenced in the United States district court to five years in Trenton. N. J., penitentiary and a fine of $6.500 The bank was forced to SURpend in May. 1897. but remumed. with its capital reduced from $100,000 to $50,000. Borgs was the principal witness against United States Senstor Kenney in the latter's two trials for conspiracy to misapply the bank's funds, in both of which the jury disagreed.

5. May 11, 1899 The Record-Union Sacramento, CA
Article from The Record-Union, May 11, 1899

Click image to open full size in new tab

Article Text

A Defaulting Teller's Sentence. WILMINGTON (Del.), May 10.-Wm. N. Boggs, the defaulting teller of the Dover National Bank, was to-day sentenced in the United States District Court to five years in the Trenton, N. J., Penitentiary, and a fine of $6,500. The bank was forced to suspend in May, 1897, but resumed with its capital reduced from $100,000 to $50,000. Boggs was the principal witness against United States Senator Kenney in the latter's two trials for conspiracy to misapply the bank's funds, in both of which the jury disagreed.