First National Bank (Concord, NH)

View Charter #318 on SPMC View balance sheet

Episode Information

Episode UID
31800887
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
3180 national
Charter Number
318
Start Date
November 4, 1873
Location
Concord, New Hampshire (43.208, -71.538)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6e525d533d9dd247

Response Measures

None

Description

Articles describe Concord savings banks suspending payments citywide; First National not named so connection is by locality only.

Events (2)
1. March 15, 1864 Chartered
Source
historical_nic
2. November 4, 1873 Suspension
Cause Details
Concord savings banks voluntarily resolved to withhold payments until Jan 1 due to local uneasiness and to avoid raising funds at a ruinous sacrifice.
Newspaper Excerpt
The savings banks to-day determined to pay no depositors till Jan. 1st.
Source
newspapers

Newspaper Articles (8)
1. November 5, 1873 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, November 5, 1873

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el tributions to the Memphis fund at the different polling places, are liberal. Railway Collision in England. LONDON, November 4, 6 a.m.-A col- on lision occurred yesterday evening the Midland railway, by which twenty persons were injured. F An Alleged Spy Released. i MADRID, November 4.-Girand Prus- Cara subject who was arrested by y 0 sean, insurgents on the charge released. of being tegna a spy from Madrid, has been Bullion for America. LONDON, November -The steamTangore has arrived from Australia ship four hundred and eighty-nine all thousand with pounds in bullion, nearly of which is for America. Outrageous. I 1 York, November 4.-A German afterNEW William Tiber was this botnamed severely injured by having a while noon vitriol thrown in his face the standing tie of at the polling-place in fourth ward. Latest from India. November -The latest ad- than LONDON, India are little more disencouraging. vices from The crops in some and with of Bengal are improving, there are triets continued favorable weather, averted hopes that the famine may be or greatly mitigated. ] Election Day in New York. YORK, November Very litNEW business is doing in this town to-day, election tle day being now a legal holiday. in the larger establishments open The The morning, were closing at noon. are fine, and all interested full vote. exerting day is themselves to obtain a The Central Bank Net All Right. York, November 4.- The Central invesNEW of the affairs of the the cleartigation by the commissioner of that the bank, association. shows dollars, ing-house three hundred thousand huncapital, impaired to the extent of seven Dedred is and twenty thousand dollars. positors are promptly secured. A Murderous Choctaw. LOUIS, November 4.-A Territory, dispatch ST. Fort Gibson, Indian in from Choctaw Indian, a prisoner Wilson says hands a of Deputy-Marshals at the the shot those gentlemen and Sunday night, woundthe former, and killed Creek wounding Ayers, agency, badly and mortally latter. He also shot murderer ing the Duval, a guard. The mortally Perry subsequently shot and guard. was wounded by a Creek Indian Savings Banks Correct. N. H., November 4.-Some in CONCORD, having been exhibited uneasiness to the savings banks of this city, of trade last expressing full them the resolutions regard board confidence night passed in in banks, and recommending altothe run to refuse payment to raise case of rather a than attempt The savgether at & ruinous sacrifice. to pay no money banks to-day determined January. ings depositors until the first of Frank L. Taintor. YORK, November 4.-In full bench, the NEW States circuit court, a Hall to-day moved for the case of Frank L. in of the Ex-Mayor United rial cashier Atlantic point Taintor, new na- on defaulting tional bank, application of this city. is The based is bank. the question which the of intent to defraud it was the necessary Mr. Hall argued to that prove guilty reserved. intent, for which prosecution was not done. Decision Clark. Death of Lewis Gaylord 4. Louis NEW YORK, died November at his residence, at Gaylord Clark on the Hudson, last night, rePiermont, sickness of only a few hours, Hewas after a paralytic stroke. ulting from the a Knickerbocker Magazine and editor of till it had ceased to exist, the from 1832 was engaged in subsequently customhouse, frequently periodicals. contrib- New York however, to literary the gift of uting, home at Piermont was Knickerbocker his His associates on the Magazine. Troubles in Virginia. Race YORK, November 4.-A Virginia, special NEW from Petersburg, hundred dispatch while about three states that were marching in proces- at the colored men night, they threw stones and injuring sion houses, last smashing The windows excitement became that citizens. acts of violence so the great over these colored company were all a white and and were kept under arms this called out Governor Walker approved the miliprompt night. action on the part of tary and citizens. The Grant Parish Affair. ORLEANS, November outrage. 4.-The NEW of the Grant parish instant, account telegraphed hence accounts, on the first was perpeas shown by the all arrival there of the Metropolitans, trated after and bad been in fully Sunday's CODfirmed by the the publication proceedings of consider a public meeting papers of held in Alexandria to the subject. November 4.-Attor- a teleWASHINGTONITIAMS received that G-General General Kellogg saying aiding gram military from in Grant parish arrest are the perpeI the iratore the civil of authorities this Colfax to massacre, but did

2. November 5, 1873 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, November 5, 1873

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Concord, N. H., Savings Banks. CONCORD, N. H., Nov. 4.-Some uneasiness having been exhibited in regard to the Savings Banks of this city, the Board et Trade last night passed resolutions expressing full confidence in the banks and recommending them, in case of a run, to refuse payment altogether rather than attempt to raise the money at a ruinous sacrifice. The Savings Banks to day determined to pay no depositors till January 1st.

3. November 5, 1873 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, November 5, 1873

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NEW HAMPSHIRE. Action of Concord Savings Banks. CONCORD, Nov. 4.-Some uneasiness having been manifested in regard to the savings banks in this city on Monday. The Board of Trade at their meeting last night passed resolutions expressing full confidence in the banks and recommending them in case of a run to refuse payment altogether rather than to attempt to raise money at a ruinous sacrifice. The savings banks to-day determined to pay no depositors till Jan. 1st.

4. November 5, 1873 The New York Herald New York, NY
Article from The New York Herald, November 5, 1873

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THE NEW HAMPSHIRE SAVINGS BANKS. CONCORD, Nov. 4, 1873. Some uneasiness having been exhibited in regard to the savings banks in this city the Board of Trade, at their meeting last night, passed resolutions expressing full confidence in the banks, and recommending them, in case of a run, to refuse payment altogether, rather than attempt to raise money at a ruinous sacrifice. The savings banks to-day determined to pay no depositors till January 1.

5. November 6, 1873 Pioche Daily Record Pioche, NV
Article from Pioche Daily Record, November 6, 1873

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# Concord (N. H.) Board of Trade-Election Returns: Virginia, New York, Massachusetts, Wisconsin. CONCORD, N. H., Nov. 4. The Board of Trade passed a resolution recommending that the Savings Banks of this city, in case of a run, refuse payments altogether rather than raise money at a ruinous sacrifice. The Savings Banks determined to pay none of their depositors till the 1st of January. RICHMOND, Va., Nov. 4. The election in this city passed off quietly. The indications are that Kemper's majority in the city is 5,000. The Republicans concede Kemper's majority in the State to be 15,000. NEW YORK, Nov. 4. No definite returns have been received from any part of the city. It is claimed that the city has gone Tammany Democratic by 15,000 or 20,000 majority. Later figures prove this to be correct. There is not much doubt that the State has gone Democratic. The election of S. S. Cox to Congress is conceded. Returns from Brooklyn indicate that the Democratic candidate for Mayor is elected, and that the Democratic majority in that city for Secretary of State will probably reach 3,000. BOSTON, Nov. 4. Scattering returns from all parts of the State are showing rather a light vote compared with that of 1871 and 1872, and indicating the re-election of Governor Washburne by from 8,000 to 10,000 majority. The anti-prohibition was a tower of strength to the Democrates, and their candidate, Gaston, received a heavy vote in several large cities and towns from the opponents of the anti-prohibition. In the Second (Middlesex) District, General N. P. Banks is elected Senator over the regular Republican candidate by a handsome plurality. The returns for Governor in 62 towns foot up, Washburn, 11,895; Gaston, 7,608. MILWAUKEE, Nov. 4. The city of Milwaukee, complete returns, gives Taylor, Democratic candidate for Governor, 6,300 majority. NEW YORK, Nov. 4. Returns from 221 towns and districts give the Republicans a majority of 5,801. Poughkeepsie gives a Democratic majority of 870; a gain of 836 over last year. # More Election Returns--Trial of Tweed--Fire at Harrisburg. BOSTON, Nov. 5. All but twenty-four towns in the State give Washburne 12,863 majority in a total vote of 138,697. The Democrats elect eleven Senators and sixty members of the House. Pierce is elected to Congress. The anniversary of the great fire is to be celebrated on Monday next. ST. LOUIS, Nov. 5. Sterling Price & Co., commission merchants, have made an assignment, and their business will be settled up. The house was founded by Sterling Price, the rebel General. MEMPHIS, Nov. 5. The nurses in the employ of the Odd Fellows were escorted to the depot this morning, on their departure for their homes in New Orleans by the Odd Fellows, Knights of Pythia and members of the press in procession. Nearly the entire membership of both orders participated. NEWARK, N. J., Nov. 5. Both the Senate and House of New Jersey will be Republican. NEW YORK, Nov. 5. Tweed appeared in the Court of Oyer and Terminer today, when his case was called. Ex-Judge Fullerton said before any proceedings were taken he should hand in a paper to which the associated counsel for the prisoner had agreed. The paper is understood to be a protest against Judge Davis presiding at the trial, and when read by him seemed to excite his surprise and indignation. He characterized the paper as extraordinary and in part untrue, but declined to point out any particular passage as objectionable. Mr. Bartlett, of counsel for the defendant, then said if Judge Davis was sent from heaven they would take the same course. A recess was then taken that Judge Davis might consult his associates. Shanks, city editor of the Tribune, was discharged from arrest to-day. HARRISBURG, Nov. 5.-B. F. Singeley's State Printing and State Journal offices, five stories high, were entirely destroyed by fire to-day. The operators barely escaped with their lives.

6. November 6, 1873 The St. Cloud Journal Saint Cloud, MN
Article from The St. Cloud Journal, November 6, 1873

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LATE NEWS ITEMS. -Eleven hundred children were made orphans by the yellow fever at Memphis. -The Internal Revenue receipts for the month of October were $6,998,461 same month last year $9,304,163. -A cable dispatch from Rome says the waters of the Tiber are rising. Some of the streets are already overflowed, and a disastrous inundation is feared. -W. E. Wade, formerly a elerk in the office of the Secretary of State of Tennessee, was arrested in St. Louis Saturday night charged with forging $20,000 State bonds. -The steamer Ariel, belonging to the Pacific Mail Steamship Company, and running in the China coastwise trade, was recently wrecked. Her passengers were all saved. -The Savings Bank at Bethel, Me., was on Friday morning entered by robhers, who blew off the lock of the outer door with powder, alarming the neighbors, who captured three robbers. -The savings banks of Concord, N. H., being threatened with a run, have resolved not to pay depositors before the first of January. The Board of Trade of that city counseled them to this action. -The yield of wine in California this year will not be much over 3,000,000 gallons against 5,000,000 in 1872. A yield of 8,000,000 gallons was expected this year, but the spring frosts and summer heats cut it down. -Orders were issued on Friday for the removal of the Modocs, who are now at Fort McPherson, to a. permanent location with the Quapaws, on the Neosho river, in the extreme north western corner of the Indian Territory -The amount of public land dis. posed of by the government, for all purposes, during the past year, was 13,030,606 acres. Of this amount 6,083,356 acres, or nearly one-half, was certified to railroad corporations. -Mount Etna is in a state of violent eruption. The outbreak is accompanied by fearful earthquakes. Portions of the crater have fallen. in, and the mines of sulphur, which have been worked for years, valued at £30,000, have been destroyed.

7. November 6, 1873 Delaware Republican Wilmington, DE
Article from Delaware Republican, November 6, 1873

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# THE BALDWIN LOCOMOTIVE WORKS. The Baldwin Locomotive Works there were 2600 men employed when the stringency commenced in September. About half of these have been discharged, leaving 1350 men now at work four in the evening. In the middle of September the firm had orders enough on hand to keep them at work until December 1st, but there was at once a falling off in home orders and the foreign orders were cancelled. Sir:—I would like to add my experience of bankruptcy to that of "One Who Knows." I, too, have been interested as a creditor in estates that have been thrown into court, and have learned something of that mode of winding up suspended concerns. But it seems to me that he has fared better than I have. Thirty-three per cent. out of an estate in bankruptcy is something I have never been fortunate enough to get, even fifteen, with a chance of five more, goes ahead of my best dividend... The Vetteleins therefore went into bankruptcy before I found that the Vetteleins had been forced into court some years before. I adopted a plan resolved on some years before. I at once wrote off the amount of my claim, carrying it to the profit and loss account. I expected nothing, and therefore took what came by the grace of the bankruptcy officials pretty much as one receives an unbooked for legacy. I was glad to have it, but I wondered at its coming. I wondered that when bankruptcy had eaten so much of the pie it should pause in its first course and leave a small bit of trust... Some of those who advocated putting the house into bankruptcy explain this small result by referring to the litigation that obstructed its settlement. If, say they, there had been no law suits, a better dividend would have been realized and paid sooner. Of course; but who ever heard of a large estate being wound up in bankruptcy without litigation. There always have been law suits in such cases, and they always will be. Litigation is inevitable in the nature of things, and the creditors may thank their lucky stars when it is not prolonged until there are no longer funds to carry it on with... For, indeed, I have heard of instances in which there has become a talk of bringing in the creditors as debtors to the estate, in order to defray the expenses of its settlement. In fact, the whole course of bankruptcy, under the existing law, is so monstrously extravagant and utterly wasteful, that I can only marvel at any business man who rejects in his favor an honorable proposition from his debtor. I feel assured he only does so because, having no personal experience of bankruptcy, he neglects to inquire concerning it. He forgets his ordinary business prudence and starts a venture without first counting the risk. # A VICTIM OF BANKRUPTCY. THE SEPARATION OF PARENTS AND CHILDREN.—We sometimes hear it said that the American people are different from Europeans; that they are a home loving race; whereas the European especially the French have no home. We have no word for "home" in the language, and are forever gadding about; whereas the American cares not for "places" for pleasures; that is, he had in public "places," for them, no need of squares, "piazzas," "pleasures," public parks, etc. We will not discuss here the question whether the French are as domestic a people as the English are. In the strict sense of that word they probably are not for their climate does not make it necessary that they should long for health as their island neighbors do; but that love of the family is as much developed in France as it is anywhere in the world—that is, speak the truth and fear not, it is rather stronger in France than it is anywhere else in the world—we do most powerfully and potently believe and stand ready to give good reasons for believing. Yet it is certainly true that they spend little of their leisure time in days; and the middle term that reconciles the two statements is, that when they go abroad, the family, as a rule, goes all together. Now we see no reason for doubting that Americans, if the proper means were provided, would come in time to take openair exercise as much as the French, and they would enjoy it as much as the French. The Moosic Powder Mills at Hyde Park, Pa., exploded on Tuesday, killing three men named Martin, Hananly and Abbott. Three men and a boy are reported to have been killed near Pittsburg on Tuesday, by the falling of the roof of an abandoned mine. One man was killed and two others were injured by a boiler explosion at Rutland, Vt., on Tuesday. One of the injured men is not expected to recover. Christopher Rafferty, twice convicted of the murder of a policeman in Chicago, and sentenced to be hanged, has been granted a new trial by the Supreme Court of Illinois. At Augusta, Ga., nearly all the acceptances due on Tuesday were met by the merchants and cotton planters. About $500,000 was paid coming in freely to Augusta. The savings banks of Concord, N. H., determined on Tuesday to pay no depositors until January. A fatal shooting affair occurred at Cumberland, Md., last week. Lloyd L. Cleary, one of the editors of the Daily Times of that city, was shot and mortally wounded, in his office, by John H. Resley. The affair grew out of the publication in the Times of an article, assailing the official conduct of Horace Resley, father of the murderer, in regard to use of Resley gave himself up to the Sheriff and was committed to jail. If the reports come to us are correct the attack was a cowardly one as the murdered man was wholly unarmed and without any means of defending himself. WETTING COAL.—People who prefer wet ting the winter's store of coal to lay the dust on putting it into their cellars, do not generally know that they are laying up for themselves a store of sore throats and other evils consequent upon the plan. Even the fire damps, says an exchange, which escapes from the coal mines, arises from the decomposition of coal at temperatures of but little above the atmosphere, but under augmented pressure. By wetting a mass of fresh broken coal and putting it into a cellar, the mass is heated to such a degree that carburetted and sulphuretted hydrogen are given off for long periods of times and pervades the whole house. The liability of wet coal to mischievous results under such circumstances may be appreciated from the fact that there are several instances on record of spontaneous combustion of coal when stowed into the bunkers or holds of vessels. And from this cause, doubtless, many missing coal vessels have perished.

8. November 8, 1873 The Democratic Advocate Westminster, MD
Article from The Democratic Advocate, November 8, 1873

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Items of News. The public debt statement for November 1st shows an increase of $3,039, 578. Lillie Marshall, aged 13, was gored to death in the streets of Newark, on Saturday, by a mad steer. The West Philadelphia Bank, a State institution, announces a semi-annual dividend of four per cent. payable on demand. Without reckoning exports, the English consumption of coal amounts to 100,000,000 tons per annum. Counterfeit $2.50 gold pieces, amounting to the sum of $75,000, were captured in Chatham county, N. C., recently. Thirty-five Chinese have arrived at Augusta, Georgia, to work on the Augusta Canal. More are expected in a few days. The savings banks of Concord, N. H., have determined to pay no depositors until January. M. E. Wade, formerly clerk in the office of the Secretary of State of Tennessee, has been arrested in St. Louis, for forging State bonds to the amount of $20,000. Donald McKay, a clerk of the Criminal Court at Chicago, has been held in $5000 bail to answer the charge of issuing fraudulent naturalization papers. The Providence Tool Company, now making 60,000 rifles for the Turkish Government, has received notice that 500,000 more of the same pattern will be ordered. Christopher Rafferty, twice convicted of the murder of a policeman in Chicago, and sentenced to be hanged, has been granted a new trial by the Supreme Court of Illinois. The Pacific mail steamship Ariel, running between Yokohama and Hakodadi, has been totally wrecked. Her passengers were saved. The Ariel was an old vessel, valued at $50,000. The wrecks during October of vessels belonging to, or bound to, or from ports of the United States, aggregate fifty-nine, the value of the vessels exclusive of their cargoes being $718,000. Louis Gaylord Clark, well known in literary cireles, died at his residence, Piermont, on the Hudson, on Monday night, after an illness of only a few hours, resulting from a paralytic stroke. The Mint in Philadelphia is coining double eagles at the rate of ten millions a month. The California Mint is running to its full capacity on gold coinage and trade dollars. Where do they all go to? A frame dwelling in Washington was burned on Saturday, and three colored children, who were locked up in it during the absence of their parents, perished in the flames. The sub-treasurer at New York has determined to issue silver only to those persons likely to circulate it. Every attempt at obtaining silver for mere speculative purposes is opposed. The Southern Claims Commission will report to Congress, about the middle of December, on 2500 claims, involving over $1,000,000. At least one-third of the claims are rejected for want of proof of the loyalty of the claimants. Serious charges have been made against General O. H. La Grange, Superintendent of the Mint at San Francisco, involving fraudulent transactions, the employment of incompetent persons, and the assessment of his employes for the Nevada election. The house and barn of Wm. Stockell, in Wilton, N. H., were burned on Sunday, and an infant perished in the flames. The fire was caused by children, who were left alone in the house, playing with matches. In the United States District Court, sitting at Trenton, N. J., Bertolini, the Italian convicted of sending obscene matter through the mails, was sentenced to one year confinement in the New Jersey State prison. A Spanish gunboat has succeeded in capturing the steamer Virginius, which has been engaged in landing arms and ammunition on the Cuban coast. The capture was made on the high seas, after a chase, and all on board taken prisoners. At a trial of two negroes in Wilmington, N. C., for the murder of a white child, a jury composed entirely of colored men acquitted one of the accused and found the other guilty of murder in the first degree. The suit of Britton vs. General Butler, for drafts to the amount of $15,000 seized by Butler when military Governor of New Orleans, in the United States Circuit Court at New York, before Judge Woodruff, has been concluded. Decision reserved. The Tweed case was called in one of the New York Courts on Wednesday, before Judge Davis. The counsel of Tweed presented a protest against Judge Davis trying the case. The Court pronounced the protest untruthful and extraordinary, and directed the trial to proceed. An Italian woman, living in East Newark, N. J., was killed on Monday by a bear, with which she and her husband had been giving exhibitions. It seems the husband, in going to Jersey City, left the bear tied to a tree in charge of his wife, and on returning found her in the bear's clutches a mangled mass of flesh and bones. Gentlemen connected with the Civil service had better be careful how they conduct their correspondence. An internal revenue store-keeper in the Fourth district of Kentucky, having written to Omaha, Nebraska, to inquire as to his success in a lottery scheme, and used the official stamp to transmit his letter, as well as endorsing one for the reply, has been dismissed by the Commissioner of Internal Revenue. Further outrages are reported in Colfax, Grant parish, La. Ex-Judge Merrill, under date of October 29th, writes that the house of a respectable widow lady was fired into, the door broken open, and the woman and her daughter cruelly assaulted. An infant grandchild of ex-Governor Wells was found in the woods near the spot where the old lady and her daughter were assailed. The perpetrators of the villainous deeds are said to be negroes, instigated by the metropolitan police sent to Colfax by Lieutenant Governor Antoine. Many persons have no idea of the extent to which the inhabitants of Hollaud have interest in American Railroads.