Tyler Fogg & Company (Bangor, ME)

Episode Information

Episode UID
4190418891341
Episode Type
Suspension โ†’ Closure
Bank Type
private
Bank ID
419041889 hash
Start Date
September 18, 1911
Location
Bangor, Maine (44.801, -68.778)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7113c4c36c57a068

Response Measures

None

Events (2)

1. September 18, 1911 Receivership
Newspaper Excerpt
The Report of the Receiver of the late banking firm of Tyler, Fogg & Co. of Bangor, Me., shows the total indebtedness of that firm to be $703,700....
Source
newspapers
2. September 18, 1911 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Firm declared insolvent and placed in receivership with large indebtedness and limited net assets.
Newspaper Excerpt
The Report of the Receiver of the late banking firm of Tyler, Fogg & Co. of Bangor, Me., shows the total indebtedness...
Source
newspapers

Newspaper Articles (4)

Article from Norwich Bulletin, September 18, 1911

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Article Text

gree," reads the indictment of the D. grand jury returned against Dr. G. Dumas, mayor of Cass Lake, Minn. That the Standard Oil Company is dickering for the purchase of the great is Pearson oil concessions in Mexico reported in despatches from Tampico. and William Sawyer of have Bath, John Me., Davis purchased the the steam- Red er Merida, formerly owned by D line of New York and South America. Evelyn Arthur See, leader of the 'Absolute Life" cult, who was convicted on charges of abduction of Miss Mildred Bridges, was Saturday denied a new trial. The Question Whether "Near Beer" is drink has come bewar department a fore an the intoxicating trader through at Fort complaint from the post Apache, Ariz. The Directors of the Maine Central railroad have declared it quarterly dividend of 1-2 per cent., representing a reduction from an 8 to a 6 per cent. annual basis. of Mexico's Declaration of Independence was The Anniversary feature celebrat- of the ed Saturday, the big programme being a parade of the military at Mexico City. Bill Miner, the Alleged Abductor of Eleanor Grace Pryce, the Snowflake, Man., school teacher, was captured while hiding in a strawstack near Hannah, S. D., Saturday. David Steen, Paymaster for the Pittsburg Coal Co., was held up, shot dead and robbed just before one o'clock Saturday near Bresto, about 12 miles out of Pittsburg. Mrs. Rose K. Hutchins, wife of Stilson Hutchins, filed a petition in the district supreme court, asking for as the removal of William J. Dante trustee of her husband's estate. The Residence of Charles E. Crouse, wealthy wholesale grocer in Syraa cuse, N. Y., was entered by burglars Friday night and $5,000 worth of diamonds and other jewelry stolen. Wesley Mortimer, eleven years old, Bloomfield, N. J., lost his arm on of of Saturday as the result of a game follow the leader, in wnich ne jumped from a fire escape some days ago. William W. Baker, formerly paying teller of the Diamond National bank of Pittsburgh, pleaded guilty to taking $14,000 from the bank and was sentenced to Leavenworth for five years. With Every Available Cottage about the lake in Middleboro, Mass., hired by gunners this fall, the gunning seafor ducks opened Saturday and son the early sportsmen reported good luck. Failure to Receive Parts necessary the reconstruction of his biplane in Aviator Robert G. Fowler his ocean from prevented resuming to to ocean start flight Saturday. He expects today. Statistics of the city of Germany, for the year show that a just Berlin, The published, Vital out of 1909, than total of 39.474 births not less il10,008. or above 25 per cent., were legitimate. Secretary of War Stimson, Major General Wood, chief of staff, and Captain McCoy, his aid, have arranged leave Washington Tuesday on a visto it of inspection to western and southern military posts. The Report of the Receiver of the late banking firm of Tyler, Fogg & Co. of Bangor, Me., shows the total indebtedness of that firm to be $703,700.of which $227,283.03 is unsecured. 93, The net assets are given as $26,987.26. Representative Charles D. Carter of Oklahoma was named as defendant in suit for $10,000 damages filed at a Washington by Samuel Gerber, a clerk in a Washington department store, on account of an alleged assault by the congressman, From Information Which They have received recently, treasury department officials believe that the Mona Lisa, the masterpiece of painting which was stolen from the Louvre, Paris, will be of smuggled through the swamps northern Minnesota. At the Age of Twenty-seven Years, the mother of twelve children, none them twins, Mrs. Airrea Paquette of of Nashua, N. H., was Saturdayjtaken in charge by the county commissioners. The father has disappeared, leaving the family penniless.


Article from Daily Kennebec Journal, September 18, 1911

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SPARKS FROM MAINE WIRES. The annual Maine Pilgrims' Field day was held at Frost's park, Lisbon, Saturday, with a large attendance. In the morning sports were held and in the afternoon and evening dancing was enjoyed. There was a business meeting with remarks by supreme officers. Brackett Lewis, aged 65, a laborer in the Kittery navy yard, was seriously injured Saturday while at work on the U. S. S. Wisconsin. He was engaged in putting iron beams in place in the top of the forward turret of the battleship when he fell a distance of 16 feet, striking on a lot of iron. He was rendered unconscious, and after treatment at the yard hospital was moved to his home, where It was found by Dr. Carty, the attending physician, that his skull had been fractured and one rib had penetrated the lung. Owing to his age it is feared he will not recover. He is married, and for many years was a lighthouse keeper. The report of the receiver of the late banking firm of Tyler, Fogg & Co. of Bangor, which has been filed in the supreme court, shows the total indebtedness of that firm to be $703,900.93, of which $227,283.03 is unsecured, The net assets of the firm are given at $26,987.26. A summary of the inventory of the assets shows goods and chattels to the amount of $111,725.21; rights and credits, $83,847.47, or gross assets of $195,212.68, less the pledged assets valued at $168,225, leaving the net assets $26,987.26. The receiver states in his report that under the most favorable circumstances the dividend will be small.


Article from Daily Kennebec Journal, November 4, 1911

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SPARKS FROM MAINE WIRES. During an attack of mental abberation, Henry W. Wiggin, of South Thomaston, aged*61 years, a stone cutter, committed suicide, Friday, by cutting his throat with a razor, today. He was a Mason and an Odd Fellow. A widow and four sons survive. Clarence A. Bennett, who says he is a paroled prisoner from the Auburn. N. Y., state prison, with two years more to serve, went into the Portland police station, Friday night, and asked that a message be sent to the prison authorities saying he wanted to come back. He was ragged, cold and weary and without money, His request was complied with. Henry Freteau, a laborer who was arrested, Wednesday, at Rumford Falls for intoxication, was found dy: ing at 10 o'clock, Thursday night in his cell. He had cut his throat with a piece of a water bottle, which he had smashed for this purpose. He had lived at Rumford Falls for several years. A widow and children survive. Coroner Elliott held no inquest, declaring it a case of suicide. The buildings of J. A. Tuell at West Summer and occupied by him as a residence and bakery, were destroyed by fire, early Friday. Scarcely anything was saved. Mr. Tuell's father, an aged and blind man also lived there. The family found shelter at Herbert Heath's for the present. The fire is supposed to have started near the chimney and was well under way when discovered by the family. Clin Wing's house at Muskingwin, Montville, with nearly all of its contents, was burned, Wednesday night, just before midnight. Mr. Wing was at work in Belmont and his wife and children were alone except for a neighber's little girl, who was spending the night with them. The family was awakened by the fire and got on a few clothes and saved some bedding. The barn was saved, as the wind was favorable. The United States revenue cutter Woodbury was in the harbor, Thursday, at Eastport, and early, Thursday evening, while playing her searchlight about Passamaquoddy bay, located a small sloop power boat coming up the bay, it is alleged. without any sidelights, as provided by law. Officers from the Woodbury held up the craft, which is owned by Capt. G. Flynn, a Canadian islander, which was carrying sardines for a company at Eastport. The fine for running power hoats without proper lights is $250. The Woodbury left, Friday morning, for Portland. Two equity cases were heard. Thursday, in the supreme court at Bangor, against Herbert A. Fogg and Linwood C. Tyler, of the insolvent banking firm of Tyler, Fogg & Co., now in the hands of receivers. James M. Bartlett of Orono claimed he turned over to the firm $1004 in payment for 10 shares of stock, which, he claims, was not delivered. The money is now in the hands of the receivers. The plaintiff claims that it is not a legal asset of the firm and asks for its return. George W. Maxfield of Bangor claims he made a special deposit of $500 with the firm for safekeeping. to


Article from Daily Kennebec Journal, May 8, 1914

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# JUDGMENT OF PETITIONER In Case of Herbert A. Fogg vs. Linwood C. Tyler, Bangor. A decision in a case involving the affairs of the bankrupt banking house of Tyler, Fogg & Co. of Bangor is contained in a rescript by Associate Justice Philbrook from the supreme court, which was received Tuesday as follows: Herbert A. Fogg vs. Linwood C. Tyler. Philbrook, J. Interlocutory proceedings arising in the above entitled cause wherein C. J. Gilfillan is petitioner. The plaintiff and defendant were formerly co-partners under the firm name of Tyler, Fogg & Co., and engaged in a private banking business. The petitioner had deposited funds with the co-partnership; and while the deposits were so existing, the co-partnership became insolvent. At the time that the firm was declared insolvent, one of the co-partners, Herbert A. Fogg, was of unsound mind and under guardianship. R. S. Chap. 68, Sec. 25 provides that the estate of an insane person under guardianship, being incolvent is to be settled, according to the general provisions of that statute for the settlement of insolvent estates of deceased persons. This petitioner presented his claim to the receiver and obtained a small dividend, but without fault on his part failed to present his claim before the commissioners appointed by the probate court. Other creditors presented their claims before these commissioners and the funds in the hands of the guardian were completely used in the payment of claims thus presented. The petitioner now asks that he may receive payment from the receiver of an amount equal to the percentage which he would have received from the commissioners if he had presented his claim to them. Held: 1. The funds of the partnership and the individual funds of the persons composing that partnership, subject to the payment of individual debts, are all holden as assets for the payment of partnership liabilities. 2. The assets thus existing, whether in the custody and control of the partnership or in the custdy and control of the individual, when needed for payment of partnership debts, constitute a joint fund and not separate funds. 3. The fact that our statute requires the individual assets of a member of the partnership under guardianship to be administered according to certain statutory requirements, does not change the joint nature of partnership assets when needed to pay partnership debt. 4. That this petitioner, through no fault of his own, having failed to obtain from the commissioners upon the insolvent estate of one of the partners a percentage equal to that received by other creditors of the same class, is entituled to a special payment from the funds now in the hands of the receiver, to an amount which will insure to this petitioner a total percentage equivalent to that received by other creditors of the same class as himself, before further payment is