People's Savings Bank (New Castle, PA)

Episode Information

Episode UID
3088432791014
Episode Type
Run → Suspension → Reopening
Bank Type
savings
Bank ID
308843279 hash
Start Date
June 18, 1884
Location
New Castle, Pennsylvania (40.996, -80.346)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
80065d8030339fc2

Response Measures

None

Events (3)
1. June 18, 1884 Suspension
Cause Details
Article states the bank has suspended but gives no specific cause.
Newspaper Excerpt
The People's Savings Bank, of Newcastle, Pa., has suspended.
Source
newspapers
2. June 23, 1884 Other
Newspaper Excerpt
The depositors ... have accepted the proposition of Col. Wallace, president of the bank, to issue certificates payable in one, two and three years, bearing interest. The statement prepared for the depositors shows the assets to be $13,000 in excess of the liabilities.
Source
newspapers
3. June 23, 1884 Run
Cause Details
Newspapers report heavy withdrawals but do not attribute them to rumors, failures elsewhere, or a specific scandal.
Measures
Issued certificates payable in one, two and three years bearing interest to depositors.
Newspaper Excerpt
During the run on the bank, $250,000 were drawn out in a short time.
Source
newspapers

Newspaper Articles (7)
1. June 18, 1884 Connecticut Western News North Canaan, Salisbury, Canaan, CT
Article from Connecticut Western News, June 18, 1884

Click image to open full size in new tab

Article Text

NEWS OF THE WEEK. GENERAL ITEMS. -Judge Donohue, of the Supreme Court of New York, granted an attachment against the property in New York State of John C. Eno, in a suit by the Second National Bank to recover $3,185,000, which, it is alleged, he converted to his own use. -A hotel c'erk at Bardstown, Ky., was fatally stabbed by a negro, who will probably be lynched. -Burglars robbed the Post Office at East Boston. One tenant in a house in Baltimore shot shother, and says he took him for a burglar. -Two wrecks are reported from the great lakes. -The People's Savings Bank, of Newcastle, Pa., has suspended. -Reports from North Dakota show that a heavy rain storm prevailed in that section Saturday. It is 8 id to have been one of the heaviest ever known, and the Signal Service observers report the rainfall as having been 6.18 inches. -Carlos Recio was changed at Key West, Fla., for the murder of a companion in a quarrel growing out of a game of cards. -The Supreme Court of New York, General Term, reversed the decision in the case of William Conroy, the policeman, who was convicted of murder in the first degree in having shot'and killed Peter Keenan ou First avenue on the night before election in November last. The Court holds that there was not evidence sufficient to sustain the charge of deliberation, and grants Conrey a new trial. -An attempt was made to wreck a Jersey Central Railro: all passenger train near Bloom:lung. The wreck rs wedged one end of a sleeper under one rail and blocked the other on top of the opposite rail rithstone. A farmer discovered the obstruction and removed it just as the passenger train bound for New York came in sight. At midnight, a burglar entered the house of Charle Rose, of the Atlanta, Ga., Railroad, and Mrs. Rose, being awakened, was chot by him. -Joseph Coyle, a thirteen-year-old lad, while playing baseball at Allentown, Pa., was struck in the stomach with the ball, and after staggering a short distance fell over dead. -An organized band of robbers among the Choctaw Indians are being hunted down. Two lunatics who escaped from the asy 1cm near Quebee were found drowned on the beach by. -The whole county of LaPrairie, in the province of Quebee, has been quarantined because of a disease in the sheep; and an order passed by the Goverror in Council hasdirected the slaughtering of all the animals infected. -Mr. Hiester Clymer died in Reading, Pa., of apoplexy. He was a well known politician, and was the leader of the Pennsylvania Democratie delegation during his Congressional career. Pine Valley, Pa., a young man named Wilig killed his mother's paramour, after her elopement and bad conduct had fataily shocked his father. -A wife beafer at Buffalo crushed the skull of a neighbor who interfered to protect the woman. villain by setting fire to a barn in Chicago caused the death of two men. -The Union Depot Building at St. Paui, Minu., was totally destroyed by fire. -John Knox Polk, nephew of Preside Poik, has been sent to an insane asylum. -John C. Eno was indicted by the Grand Jury of New York city for nolawful conversion of the funds of the Second National Bank. -Samnel B. Gregory. a commander in the United States Navy during the war, died at his home in Essex county, Mass., aged reventyone years. -John C. Eno was discharged on the habeas corpus proceedings at Quebec, the judge ho'ding the second warrant to be identical with the first. He was immediately rearrested on a charge of forgery, and retaken on another writ of habeas corpus. -Two laborers in Louisville, Ky., have been left a fortune of $2,000,000 by their uncle. -Rochester finished the fiftieth anniversary of its municipal incorporation in high glee and much illumination. -The cashier of a Delaware Bank has defaulted $38,000 to cover Reading margins. -A settling of the earth over a coal mine, near Wilkesbarre, Pa., damaged about twenty miners' houses and stampeded the settlement. -Joseph Tompsett and George Lowden were hanged for murder al Picton, Ont. -During a severe thunder storm in Harrisburg, Pa., Frank Dively and his wife were struck by lightning and killed at their doorway. -The famous turiman General Abe Buford, of Louisville, Ky., committed suicide at the residence of his brother Benjamin Buford, at Danville, Ind., just after the breakfa-t hour. Henry G. Vennor, the weather prophet, died on Sunday in Montreal. He was born in Montreal in 1841, and early in life began to take interest in natural science. A barrel of beer exploded in a brewery at Newburg, N. Y. killing James Quillan. His head was mangled beyond recognition. The news of the accident caused his invalid wife to become d. mented. -Five Italian tramps while walking the rail. road tracks near Pittsburg, Pa., met two trains, and not knowing how to get out of their way two of the tramps were killed and one fatally injured.

2. June 20, 1884 The Middlebury Register and Addison County Journal Middlebury, VT
Article from The Middlebury Register and Addison County Journal, June 20, 1884

Click image to open full size in new tab

Article Text

NEWS OF THE WEEK. Eastern and Middle States. FIVE acres of ground over a coal mine near Wilkesbarre, Penn., suddenly caved in with a roaring sound like that of an earthquake. Fifty dwelling houses stood on the ground, and they sank from one to three feet, many of them being completely wrecked and the in mates narrowly escaping with their lives. A FLOOD caused by heavy rains and freshets swept through Springfield, Vt., undermining houses, displacing streets and ruining the crops. The damage is estimated at $50,000 to business interests and many thousands to roads. A DISASTROUS flood, the second in three months, has done great damage at Curwinsville, Penn. A large dam gave way, setting adrift thousands of logs, and a number of houses and barns were carried away. JOHN C. ENO has been indicted by the New York grand jury for unlawful conversion of the funds of the Second National bank while president. BROOKLYN put on a gala appearance in honor of the fifteenth annual reunion of the Army of the Potomac. Bunting and flags were conspicuous everywhere, and 200,000 people witnessed the parade of veterans, Philadelphia, Boston and other cities being represented by grand army posts. Generals Grant, Hancock, McClellan, Newton, Governor Abbett, of New Jersey, and Mayor Low took a prominent part in the exercises. At the business meeting General Grant was unanimously elected president of the society. In the even ing a reception was held at the Academy of Music. A FIRE in Boston partly destroyed a large rubber warehouse heavily stocked with goods, causing an estimated loss of more than $400,000. Sixteen firemen were injured more or less severely by an explosion in the burning building. HIESTER CLYMER, ex-member of the Penn sylvania State senate, member of Congress from 1873 to 1881, and Democratic candidate for governor in 1866, died suddenly of paralysis at Reading, Penn, aged 57 years. CASHIER SHEPARD, of the New York Central railroad freight department at Buffalo mysteriously disappeared. and an examination of his accounts showed that he was short about $.0,000. THE receiver appointed to settle the affairs of Grant & Ward has filed a schedule of the assets and liabilities of the suspended firm. The cash assets are $15,237.75 and a lot of securities and bills receivable, mostly uncollectable. The liabilities amount, in round numbers, to $14,000,000. THE People's Savings bank, of New Castle, Penn., has suspended. A MEETING of Massachusetts Republicans opposed to the nomination of their party at Chicago has been held in Boston. A committee of 100 was appointed, and a series of resolutions were adopted declaring that the Chicago nominees "were named in absolute disregard of the reform sentimentof the nation and represent political methods and principles to which we are unalterably opposed," and closed by saying: "Whatever acaction be taken by the Democratic party in Chicago, we, the Republicans and Independents, direct our committee to call a convention in such manner as they may deem expedient after the Democratic candidates have been nominated, and not later than August 1, to take such further action as may, to them, seem necessary to carry out the sense of this meeting with practical effect."

3. June 21, 1884 The Bee Washington, DC
Article from The Bee, June 21, 1884

Click image to open full size in new tab

Article Text

INEWS OF THE WEEK. Eastern and Middle States. A DISASTROUS flood, the second in three months, has done great damage at Curwins ville, Penn. A large dam gave way, setting adrift thousands of logs, and a number of houses and barns were carried away, JOHN C. ENO has been indicted by the New York grand jury for unlawful conversion of the funds of the Second National bank while president. BROOKLYN put on a gala appearance in honor of the fifteenth annual reunion of the Army of the Potomac. Bunting and flags were conspicuous everywhere, and 200,000 people witnessed the parade of veterans, Philadelphia, Boston and other cities being represented by grand army posts. Generals Grant, Hancock. McClellan, Newton. Governor Abbett, of New Jersey, and Mayor Low took a prominent part in the exercises. At the business meeting General Grant was unanimously elected president of the society. In the even Music. ing a reception was held at the Academy of A FIRE in Boston partly destroyed a large rubber warehouse heavily stocked with goods, causing an estimated loss of more than $400,000. Sixteen firemen were injured more or building. less severely by an explosion in the burning HIESTER CLYMER. ex-member of the Pennsylvania State senate, member of Congress from 1873 to 1881, and Democratic candidate for governor in 1866, died suddenly of paralysis at Reading, Penn., aged 57 years. CASHIER SHEPARD, of the New York Central railroad freight department at Buffalo mysteriously disappeared. and an examination of his accounts showed that he was short about $20,000. THE receiver appointed to settle the affairs of Grant & Ward has filed a schedule of the assets and liabilities of the suspended firm. The cash assets are $15,287.75 and a lot of securities and bills receivable. mostly uncollectable. The liabilities amount, in round numbers, to $14,000,000. THE People's Savings bank, of New Castle, Penn., has suspended. A MEETING of Massachusetts Republicans opposed to the nomination of their party at Chicago has been held in Boston. A committee of 100 was appointed. and a series of resolutions were adopted declaring that the Chicago nominees "were named in absolute disregard of the reform sentiment of the nation and represent political methods and principles to which we are unalterably opposed," and closed by saying: "Whatever acaction be taken by the Democratic party in Chicago, we, -the Republicans and Independents, direct our committee to call a convention in such manner as they may deem expedient after the Democratic candidates have been nominated. and not later than August 1. to take such further action as may. to them. seem necessary to carry out the sense of this meeting with practical effect." EIGHT persons were killed and titteen more injured, some with probably fatal effect. by a collision between a passenger train and a rain filled with Sunday-school excursionists, near Camden, N.J. A BOILER used in pumping an oil well near Butler. Penn., exploded, killing Richard Walker. fatally injuring his son, and demolishing everything in the vicinity. SENATOR JOHN A. LOGAN visited Mr. Blaine at his residence in Augusta, Me., and the two had a long conference. presumably regarding the most effective plan of conducting the campaign.

4. June 23, 1884 Lancaster Daily Intelligencer Lancaster, PA
Article from Lancaster Daily Intelligencer, June 23, 1884

Click image to open full size in new tab

Article Text

A Bank's Settlement with its Ureditors. NEW CASTLE, Pa., June 23.-The depositors of the People's savings bank, of this place, have accepted the proposition of Col. Wallace, president of the bank, to issue certificates payable in one, two and three years, bearing interest. His statement prepared for the depositors, shows the assets to be $13,000 in excess of the 1 abilities. During the run on the bank, $250,000 were drawn out in a short time.

5. June 24, 1884 Savannah Morning News Savannah, GA
Article from Savannah Morning News, June 24, 1884

Click image to open full size in new tab

Article Text

A Bank's Statement. NEW CASTLE, PA., June 23.-The depositors of the People's Savings Bank of this place have accepted the proposition of Col. Wallace, President of the bank, to issue certificates payable in one, two and three years, bearing interest. The statement prepared for the depositors shows the assets to be $13,000 in excess of the liabilities. During the run on the bank $250,000 were drawn out in a short time.

6. June 25, 1884 The Home Journal Winchester, TN
Article from The Home Journal, June 25, 1884

Click image to open full size in new tab

Article Text

NEWS OF THE WEEK. Eastern and Middle States. FIVE acres of ground over a coal mine near Wilkesbarre, Penn., suddenly caved in with a roaring sound like that of an earthquake. Fifty dwelling houses stood on the ground, and they sank from one to three feet, many of them being completely wrecked and the in mates narrowly escaping with their lives. A FLOOD caused by heavy rains and freshets swept through Springfield, Vt., undermining houses, displacing streets and ruining the crops. The damage is estimated at $50,000 to business interests and many thousands to roads. A DISASTROUS flood, the second in three months, has done great damage at Curwinsville, Penn. A large dam gave way, setting adrift thousands of logs, and a number of houses and barns were carried away. JOHN C. ENO has been indicted by the New York grand jury for unlawful conversion of the funds of the Second National bank while president. BROOKLYN put on a gala appearance in honor of the fifteenth annual reunion of the Army of the Potomac. Bunting and flags were conspienous everywhere, and 200,000 people witnessed the parade of veterans, Philadelphia, Boston and other cities being represented by grand army posts. Generals Grant, Hancock, McClellan, Newton, Governor Abbett, of New Jersey, and Mayor Low took a prominent part in the exercises. At the business meeting General Grant was unanimously elected president of the society. In the even ing a reception was held at the Academy of Music. A FIRE in Boston partly destroyed a large rubber warehouse heavily stocked with goods, causing an estimated loss of more than $400,000. Sixteen firemen were injured more or less severely by an explosion in the burning building. HIESTER CLYMER, ex-member of the Penn* sylvania State senate, member of Congress from 1873 to 1881, and Democratic candidate for governor in 1866, died suddenly of paralysis at Reading, Penn., aged 57 years. CASHIER SHEPARD, of the New York Central railroad freight department at Buffalo mysteriously disappeared. and an examination of his accounts showed that he was short about $20,000. THE receiver appointed to settle the nffairs of Grant & Ward has filed a schedule of the assets and liabilities of the suspended firm. The cash assets are $13,237.75 and a lot of socurities and bills receivable, mostly uncollectable. The liabilities amount, in round numbers, to $14,000,000. THE People's Savings bank, of New Castle, Penn., has suspended. A MEETING of Massachusetts Republicans opposed to the nomination of their party at Chicago has been held in Boston. A committoo of 100 was appointed, and a series of resolutions were adopted declaring that the Chinominees "were of the reform sentiment cago regard named in of absolute the nation disand represent political methods and principles to which we are unalterably opposed," and closed by saying: "Whatever acaction be taken by the Democratic party in Chicago, we, the Republicans and Independents, direct our committ tee to call a convention in such manner as e they may deem expedient after the Democratic candidates have been nominated, and not later than August 1. to take such further 0 action as may, to them, seem necessary to e carry out the sense of this meeting with practical effect." f

7. June 26, 1884 Delaware Gazette and State Journal Wilmington, DE
Article from Delaware Gazette and State Journal, June 26, 1884

Click image to open full size in new tab

Article Text

The New Castle Savings Bank. NEW CASTLE, PA., June 23.-The - depositors of the Peoples Savings Bank of this place bay accepted the propo-ition of Col. Wallace, president of the bank, to !sane certificates payable in one, two and three years bearing interest. The statement prepared for the depositors shows the assets to he $13 000 in excess of the liabilities. During the run on the bank $250,000 Were drawn ent in a short time.