Central Savings Bank (St Louis, MO)

Episode Information

Episode UID
4149722990919
Episode Type
Suspension โ†’ Closure
Bank Type
savings
Bank ID
414972299 hash
Start Date
July 7, 1876
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3a375d98ce7682b6

Response Measures

None

Description

Articles report the bank closed and made assignment of property to trustees, indicating failure.

Events (1)

1. July 7, 1876 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed doors and made assignment of property to trustees, indicating insolvency/failure.
Newspaper Excerpt
CLOSED ITS DOORS, Sr. LOUIS, July 7 - The Central Sa vings Bank, of this city, closed its doors to-day. ... make assignment of all property of the bank to three prominent trustees for deposit ors,-creditors and stockholders.
Source
newspapers

Newspaper Articles (2)

Article from Daily Press and Dakotaian, July 8, 1876

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Article Text

CLOSED ITS DOORS, Sr. LOUIS, July 7 - The Central Sa vings Bank, of this city, closed its doors to-day. The president and directors make a statement of assets, will meet liabilities and make assignment of all property of the bank to three prominent trustees for deposit ors,-creditors and stockholders. BANKRUPTCY. NEW YORK, July 7-A. A. Selover, a well known Wall street operator, has filed a petition in bankruptcy. Total liabilities $660,000, of which *365,000 is partially secured. BURLINGTON, Ia., July -The democratic judicial convention of this district will be held on the 22d of July STOCKHOLDERS MEETING. At a meeting of the stock holders of the Burlington & Northwestern railway today, resolutions were adopted authorizing the board of directors to mortgage the road, not to exceed $5,000 per mile on the part of the road running from Burlington to Winfield, and issue bonds said bonds to be hypothecated, and as last as subscriptious are paid in, that so much of the money so received as is not needed for the construction and equipment shall be applied to paying the deut secured by these bonds; no more of said bonds to be hypothecated than are absolutely necessary to construct and equip the road to Wintield. BASE BALL. CINCINNATI, July 7.-New Haveus, 3: Cincionalis, 1. BLAINE AUGUSTA, Me. July 7.-Gov. Connor called on Mr Blatne, 10 his sick room and tendered him the appointment of U.S. senator, saying that be believed it to be the general expectation, and wish of the republicios of Maine - that lie should fill the Vacancy caused by Morrill's re-ig nation It IS understood that Bluine will accept the place. Blaine has not been quite well to day ACCEPTANCE COLUMBUS, O., July 7.-I: is understood here that Gov. Hayus' letter of acceptance will be ready for the papers of Monday morning. It will probably be brief.


Article from The Cheyenne Daily Leader, July 8, 1876

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Article Text

TELEGRAPHIC BREVITIES. The St. Louis Central Savings bank has suspended. New Yorkers are rapidly dying of sunstroke. The Centennial Exposition will not be opened on Sundays. The Fort Kcarney military reservation is to be sold.