Bucksport Savings Bank (Bucksport, ME)

Episode Information

Episode UID
5191033690913
Episode Type
Suspension → Closure
Bank Type
savings
Bank ID
519103369 hash
Start Date
January 26, 1876
Location
Bucksport, Maine (44.574, -68.796)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a9dd0ca55a4558da

Response Measures

None

Description

Failure tied to railroad bond investments with defaulted interest; court injunction and receiver appointed.

Events (6)
1. January 26, 1876 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Investments concentrated in railroad bonds with interest long defaulted leading to insolvency
Newspaper Excerpt
the officers of said Bank ... did, on the twenty-sixth day of January, A. D., 1876, suspend payment to the depositors of said Bank
Source
newspapers
2. February 29, 1876 Other
Newspaper Excerpt
Bill filed by depositors praying for sequestration ... that notice be given the Bucksport Savings Bank and its depositors ... to appear before the Court fourth Tuesday of April next (petition alleging insolvency and suspension).
Source
newspapers
3. May 4, 1876 Receivership
Newspaper Excerpt
Hon. T. C. Woodman has been appointed receiver of the Bucksport Savings Bank.
Source
newspapers
4. August 4, 1876 Other
Newspaper Excerpt
Receiver ... gives public notice that George F. Tilden ... mortgaged to said Bank ... claims to foreclose the same and gives this notice for that purpose.
Source
newspapers
5. November 1, 1876* Other
Newspaper Excerpt
Receiver gives public notice to foreclose other mortgages (multiple foreclosure notices published in Aug–Nov 1876).
Source
newspapers
6. February 12, 1880 Other
Newspaper Excerpt
Public Auction ... The remaining Assets of the BUCKSPORT SAVINGS BANK ... will sell at Public Auction ... on Thursday, the 12th day of February
Source
newspapers

Newspaper Articles (18)
1. February 9, 1876 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, February 9, 1876

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STATE NEWS. HANCOCK COUNTY. The Bangor Commercial says the Bucksport Savings Bank has suspended, and must ultimately fail, not paying over 60 cents on the dollar. The liabilities are $175,224.31. Much of its assets are railway bonds on which payment of interest has been a long time suspended. KENNEBEC COUNTY. The house and barn of Mr. William Northey of Sidney were burned on the 2d inst., with all the furniture and $150 in cash. The contents of the barn were saved. Loss $2500; insurance $1500. A young man named St. Clair fell from a staging of an ice house in Hallowell, last week, and broke his ankle. At the Lockwood cotton mill at Waterville in the large iron conductors that pass through nearly all the rooms, two or three feet apart, are plugs arranged to melt at about 150 degrees, producing a powerful jet of water upward, so as to diffuse it with great force over a large space. An entire room on reaching the requisite degree of heat would be at once thoroughly drenched. These plugs are by no means the main reliance against fire. The most thorough plans and devices to tbis end are provided in all parts of the building, from top to bottom. The mill will soon be at work. OXFORD COUNTY. The high wind of Wednesday was very severe in Andover and Fryeburg, unroofing buildings, prostrating fences and tearing up trees. Good bay sells at from $12 to $15 a ton in Oxford county. PENOBSCOT COUNTY. Six gallons of liquor which was seized by the sheriff at the express office in Newport was stored for the night in Squire Walker's office. In the morning the door was found to be unlocked and the liquor gone, probably to parties in Palmyra, for whom it was originally intended. WASHINGTON COUNTY. The ladies of Calais gave an entertainment Friday night for the benefit of the city library. It was an elaborate affair in the way of costunes, but people still feel poor, and but a small crowd was in attendance. YORK COUNTY Mr. Burleigh introduced into the House Monday a bi!I to provide for the erection of a lighthouse at York.

2. February 10, 1876 The Republican Journal Belfast, ME
Article from The Republican Journal, February 10, 1876

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the his axe glancing and cutting his head nearly off while he was hopping wood. It is curious to observe how often like events are simultaneous. At Washington recently, while Maine's leading representative was hacking away at the tree of reconciliation, under the branches of which the country desires to abide. the axe glaneed and wounded him severely. -We have received some inquiries in regard to that claim factory we recently located at Newport. We have got beyond our depth. Will the Dexter Gazette kindly help us out? It was a "fresh" enterprise of some kind with which we meant to credit the village, and we do hope we havn't got another libel suit on our hands. Portland Transcript. The Gazette says it is a churn factory. The clam factory has long been in operation on the shores of Belfast bay. The productions are of the most approved pattern. -When a Maine editor wants to abuse another be considerately hurls bad Latin at him. Bos ton Post. And why shouldn't it be as effectual in war as in love? Byron, who used to travel in Italy, and study those things, speaks of "That soit bastard Latin Which melts like kisses from a female mouth." The poet didn't want any dictionary in his. The Grays on deck again," is the title of some doggerel circulating in radical papers, to illustrate the spirit of Blaine's anti-amnesty speech. Well, its customary to call all hands in times of extreme danger on shipboard. Let the next refrain be "Radical pirates to the yard arm." -Gen. Sherman writes a letter to say that he never will be a candidate for the Presidency. All right, General. The specimen we have on hand hasn't impressed the country favorably toward military chief magistrates, and it won't be forced upon you. -Bituminous coal is one of the articles on the free list in Mr. Morrison's proposed revision of the tariff. Maine ought to give a solid vote for that section of the bill. [Portland Adv. But how can she when her candidate for the Presidency owns coal mines in Pennsylvania -The intelligent reflecting Democrats are in a solemn mood about these days. They see the handwriting. Portland Press. The handwriting of the Babcock despatches? It is enoagh to make reflecting men of all parties solemn. -- The winter amusement of sliding down hill, SO dangerous to pedestrians, is sometimes perilous to sliders. At Brunswick, Saturday afternoon, Eddie White, 8 years old, went under a passing railroad train, and had his head cut off. -Gen. Banks says he has written no letter stating that Gen. Grant will be the next Republican candidate for President. Those Washington correspondents sometimes shoot wide of the mark. -Camden is moving strongly for a new public hall, and a large delegation of prominent citizens has urged legislative action, permitting the village corporation to raise the needed sum by taxation. -Through unfortunate investments the Bucksport Savings Bank is in difficulty, and will probably wind up its affairs. Too many western railroad bonds was the main trouble. -The editorial control of the Oxford Register has passed to Percival J. Parris, Esq., son of the late Virgil D. Parris, who will make it a vigorous and able Democratic sheet. -An alarm of fire caused a panic in a Cincinnati theatre, Friday night, and in the rush eleven persons were killed and several injured. -Babcock is afraid of his eoming trial. He says the juries are under rebel influence, and that a loyal man stands no chance !!

3. March 10, 1876 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, March 10, 1876

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STATE NEWS. ANDROSCOGGIN COUNTY. of Journal says Mrs. Rev. J. pewter Richardson plates, The street, Lewiston, has two College owned by her great-greatgrand Mr. Richoriginally made in London. Rev. of a copy er, that is were the happy centennial owner 1688. ardson of Baxter's Saint's Rest, printed in Mr. Phillips, a missionary for College, ten years is Rev. and a graduate of Bowdoin the students at India, Lewiston He gave to intereston a Bates visit to College and Latin School an of ing sketch of his life and work. FRANKLIN COUNTY At the annual meeting of the Phillips North on Franklin March Agricultural Toothaker Society, held was elected at President Wednesday, for 1st, Abner year. Taesday and the ensuing 11th and 12th, 1876, was fixed show upon and October the time for holding the annualcattle fair. term of the Grammar school exam- at The Village winter closed on Friday with an effect of Weid The scholars showed the clear by their for ination. training Prizes were ready awarded answers and most goed Jones-a copy explanation. in writing, to Flora to Charlie improvement in spelling of Shakespeare-and microscope. The school was taught been successful. by Russell- J. L. Wilkins a of East Wilton, and has very good management, cancelled to $1004 raise Wilton municipal by debt. It was voted schools $904; of the follows: For support of $3000. for sums town as charges $2000; for highways school in district No. 3 in the eastern The town of Wilton, closed In a part of successful term of thirteen the weeks. last Mr. Friday, John after a lesson of one hundred words and won A. writing Holmes missed but two in the list the first prize. Farmington Ladies' Aid Society will of give the reception The and supper to the members Hall, on Farmington a Reform Club, at Normal o'clock. Friday evening, March 10, at 7 HANCOCK COUNTY Roix, of steamer Katahdin, breaking reports that Captain the ice below Bucksport is fast and will soon be clear. up, There is talk of running a newspaper at Mt. Desert next summer. American says that an outrage was Saturday comThe the town of Franklin on fifteen mitted last. in A party of some twelve or made an night having disguised themselves, Scamroughs, n°the dwelling house of Green broke attack respectable citizen of that town, wife of Mr. mon, a and door, took the in the from bed, ordered her to her and her child, three It theu town of Scammon carried windows Hancock. actuated dress years and old. by is to the that the ring-leader was or revengeful purpose some selfish supposed neighboring and who mad- then his confederates with rum, Several of dened perpetrated these disgraceful acts. the mob are to be arrested. Examiner Bolster says that the able sus- to Bank Bucksport Savings Bank will be pended 70 per cent. of the deposits. pay KENNEBEC COUNTY. latest sensation in the town extensive of Vienna medi- is The of a valuable and House. The the discovery near the Vienna Town cinal spring been analyzed by Boston chemists, medical water who report has it highly impregnated with minerals. ten deaths in the city of Augusta in the There the month were of February, and fifteen corresponding in month last year. KNOX COUNTY. William Whitney of St. George, slipping sprain- on Mr. leg very badly last week by at work. ed a his of timber on which he was piece Over fifty members of Payson Tempiars and went Good Sam- from aritan Rockland, Lodges Lodge Monday of G, Good evening, T., Camden. March 6th, Savings to visit Twombly corporators of the Thomaston chose The on Tuesday afternoon Alfred and Watts, Bank Dillingham, met E. K. O'Brien, Trustees: L. Rice and James Henderson as and C. E. L. Dillingham W W. was elected President, S. Smith, Treasurer raise The town of amounts: Vinalhaven $500 for has free voted high common to school the following to the amount raised for $500 schools; in addition $2500 for highways debt. and bridges; for lockup; $5000 for war a Esq., and lady, of Rockland, wedded cel. John Bird, 25th anniversary of their atebrated the the 2d, the occasion being largely life tended on by their many friends. OXFORD COUNTY. Reform Club was organized week, with at A temperance Thursday evening, last Dr. E. Manter. Winterport, a roll membership of fifty. President, PENOBSCOT COUNTY. Maine Dairymen's Association 17th will insts. meet It The the 15th, 16th and at hoped Newport that on the various cheese factory corporations is will send delegates. SOMERSET COUNTY. Thursday, March 2d, Mr. accident. William Remick He went of Starks, met with a very Mr. John Merry to into the stock, and in trying to and fell on at some barn of the late sad slipped step over a cow look that was lying The down cow became frightened the cow's back. throwing Mr. R. over leg her between head and jumped stanchion, up, breaking his that he against the ankle, and it is thought fatal. the received knee internal and injuries that may prove WASHINGTON COUNTY. store of Brown Bros. was a window entered The dollar night of March 7th, through quantity of on in the the rear of the building, value and of the a goods stolknown. goods abstracted. The The store was in charge of en a sheriff, is not the goods having been attached. WALDO COUNTY. occupied by two families, Belfast, Mrs. was Fay A house Margaret Cannon, of most of and Mrs. night, March 6th, but $900; insurance $550. their burned household Monday effects were saved Loss

4. March 16, 1876 Ellsworth American Ellsworth, ME
Article from Ellsworth American, March 16, 1876

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dicial CourtSITTING IN EQUITY. HUMBLY compl ining, showeth unto your Honors, your orators, Eben Stubbs of Buck sport. in the County of Hancock and Henry Partridge of Orland, in said County. That they are depositors in the Bucksport Sav lugs Bank of said Bucksport, a savings institution duty incorporated under the laws of this State. That as your orators are informed and believe said Bank has not sufficient assets to pay all its debts to depositors and others That on account of the insufliciency of it assets, the officers of said Bank as your orators are informed and believe, did. on the twenty. sixth day of January, A. D., 1876, suspend payment to the depositors of said Bank, and have not since resumed although the thirty days notice provided for by law before the payment of any sum less than live hundred dollars can be re. quired, has been given by inany such depositors and the time of said notice has long since ex pired. That the Bank Examiner, as your orators are informed and believe, did, on the 24th and 25th days of February, A. D., 1876, make a careful examination of and thorough the affairs of said did Bank. and as the result of such examination report that said Bank was insolvent and unable to pay in full, all its debts to depositors and other-. Wherefore. your orators pray for a sequestration, and an equitable distribution of the assets said Bank, and further, that an injunction may issue restraining said bank and its officers from transacting any business or making any payment of the assets of said Bank to any person, except as your Honors may hereafter direct, and finally that this bill may be served by publication in some newspaper, and for such a time as your with an order requiring Bank and all persons apsaid Honors may designate, the interested. of to pear and show cause why prayers your orators should not be granted, and as in duty bound will ever pray. EBEN STUBBS. HENRY PARTRIDGE. STATE OF MAINE. PENOBSCOT. ss.-February 29th, 1876. Personally appeared the a bove named Eben Stubbs and Henry Partridge, and severally made Oath to the truth of the statements in the toregoing bill contained, except 80 far as the same are stated upon information and belief, and as to such statements that they are true to the best of their knowledge, information, and belief, Before me, L.F. WOODARD Justice of the Peace. STATE OF MAINE. PENOBSCOT Co -February 29th, 1876. In vacation, ORDERED:-That notice be given the Bucksport Savings Bank and its depositors. and all parties interested, by publishing the Will in bill and this order of notice three weeks sue i. cessively in the Bangor Weckly Courie paper printed in Bangor, and the Ellsworth All. erican, a paper printed in Ellsworth, the last pubto be three weeks to at day lication of April next. appear before the the Court fourth Room Tuesin Bangor. on said fourth Tuesday of April before other Justice then and there to appear dicial me or Court. some of the Supreme and show Ju. cause why the prayer of said bill should not be granted, and that the officers of the Bank be and they hereby are enjoined from making any pay. ment of the assets of the Bank or transacting any business except as th Court may hereafter direct. A writ of injunction to issue according to the prayer of the bill. JOHN APPLETON, Chief Justice of the Sup. Jud. Court. A true copy, attest:3w10 E.C. BRETT, Clerk.

5. March 23, 1876 Ellsworth American Ellsworth, ME
Article from Ellsworth American, March 23, 1876

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To the Honorable Justices of the Supreme Ju. dicial CourtSITTING IN EQUITY. TUMBLY complaining, showeth unto your Honors, your orators, Eben Stubbs of Bud sport. in the County of Hancock. and Uen. Partridge of Orland, in said County. That they are depositors in the Bucksport Sav ings Bank of said Bucks port. a savings institution duty incorporated under the laws of this State. That as your orators are informed and believe said Bank has not sufficient assets to pay all its debts to depositors and others. That on account of the insufficiency of its assets, the officers of said Bank. as your orators are informed and believe, did. on the twenty. sixth day of January, A. D., 1876, suspend payment to the depositors of said Bank, and have not since resumed. although the thirty days notice provided for by law before the payment of any sum less than five hundred dollars can be required, has been given by many such depositors and the time of said notice has long since expired. That the Bank Examiner, as your orators are informed and believe, did. on the 24th and 25th days of February, A. D., 1876, make a careful and thorough examination of the affairs of said Bank. and as the result of such examination did report that said Bank was insolvent and unable to pay in full, all its debts to depositors and oth. ers. Wherefore. your orators pray for a sequestration, and an equitable distribution of the assets of said Bank, and further, that an injunction may issue restraining said bank and its officers from transacting any business or making any payment of the assets of said Bank to any person, except as your Honors may hereafter direct, and finally that this bill may be served by publication in some newspaper, and for such a time as your Honors may designate, with an order requiring said Bank and all persons interested, to appear and show cause why the prayers of your orators should not be granted, and as in duty bound will ever pray. EBEN STUBBS. HENRY PARTRIDGE. STATE OF MAINE. PENOBSCOT. ss.-February 29th, 1876. Personally appeared the a bove named Eben Stubbs and Henry Partridge, and severally made Oath to the truth of the statements in the foregoing bill contained, except 80 far as the same are stated upon information and belief, and as to such statements that they are true to the best of their knowledge, information, and belief, Before me, .F. WOODARD, Justice of the Peace. STATE OF MAINE. PENOBSCOT Co.-February 29th, 1876. In vacation, ORDERED:-That notice be given the Bucksport Savings Bank and its depositors, and all parties interested, by publishing the within bill and this order of notice three weeks successively in the Bangor Weekly Courier, a paper printed in Bangor, and the Ellsworth American, a paper printed in Ellsworth, the last publication to be three weeks before the fourth Tuesday of April next, to appear at the Court Room in Bangor, on said fourth Tuesday of April before me or some other Justice of the Supreme Ju. dicial Court, then and there to appear and show cause why the prayer of said bili should not be granted, and that the officers of the Bank be and they hereby are enjoined from making any payment of the assets of the Bank or transacting any business except as th Court may hereafier direct A writ of injunction to issue according to the prayer of the bill. JOHN APPLETON, Chief Justice of the Sup. Jud. Court. A true copy, attest:3w10 E. C. BRETT, Clerk.

6. March 30, 1876 Ellsworth American Ellsworth, ME
Article from Ellsworth American, March 30, 1876

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Bucksport. By reference to our advertising columns. it will be seen that an application has been made for the appointment of a receiver to wind up the business of the Bucksport Savings Bank. There are some, however, interested in the Bank, who prefer that this institution should be put into Bankruptey. We can hardly believe that there can be fonnd many who are willing to advise this course, so suicidal to the interests of all the depositors. It is bad enough for them to lose the larger part of their deposits, without incurring the lang and expensive process of bankruptcy preceedings which must necessarily absorb quite an amount of its assets. A cursory glance at the simple. unexpensive manner. in which the affairs of a bank may be closed up. and the ample provision made for are equitable division of its preceeds among its creditors, provided in the statutes of this State. must, we think. convince every one that this is the wiser and better course to pursue.

7. May 4, 1876 Ellsworth American Ellsworth, ME
Article from Ellsworth American, May 4, 1876

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Bucksport. - -Hon. T. C. Woodman has been appointed receiver of the Bucksport Savings Bank.

8. May 7, 1876 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, May 7, 1876

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published in to-day's France upon the bankruptcies of States, proposes the establishment of a grand international institution of credit, under the title of La Banque des Etas, which is to operate by dealing with nations who are in want of funds, just as the Bank of France would proceed in the casa of private applicants for credit. Whatever may be thought of this project, it scarcely presents a panices for the present woes of Turkish and Egyptian bondholders. What the world would seem to demand just now is a bank to cover the deficiencies of the past, rather than lock the stabledoor in view of future contingencies.-Paris Correspondence London Times. RAILROADS AND BUSINESS. Railroad earnings have started 06 on a down grade. Thirty-five roads report for January and February aggregate earnings of $19,536,341 against $16,974,787 during "the: arme months last year, a gain of 15 per cent. or these only twenty-nine have reported for March, and these same twenty-nine earned in January and February $13,648,174 against $11,415,103 during the same months last year, & gain of 20 per cent. But their earnings in March were $6,583,055 against $6,220,115 during that month last year, a gain of only 5 per cent. Finally roads have reported for certain weeks of April. and their earnings for those weeks aggregate $2,342,730, but during the same weeks of 1875 the same roads earned $2,329,920, so that no gain at all appears. The worst of it is that nearly all these returns were prior to the beginning of the war in freights, which threatens to reduce earnings much below those of 1875. As an illustration of the decline in business, it may be mentioned that in April, 1875, there were handled at Indianapolis 35,871 loaded cars, and in April, 1876, only 30,972 loaded cars.-The Public, May FLUCTUATIONS IN MINING STOCKS. The Alta-California of Saturday last says, with TOgard to the onslaught made upon the Bonanza stocks The week just past has witnessed more gyrations of stocks than any other similar period this year, or since the days of the panio last August. For the breaks of the past week there have been less causes than for any like course for the past several years, and certain prominent brokers have whataver credit-if there is any attached-for the success of their plans, enriching themselves at the sacrifica of all claims to rectitude. The promulgation of false stories about the mines, the employment of customers' stock, and the concentration of capital. were the means combined that didithe work. Never before in the history of the Comstock have there been such flattering developments and prospects. All the way from Sierra Nevada, on the north, to Knickerbocker, on the south, the, most extensive preparations are being made to run drifts and cross-cuts, and to sink winzes, to either prospect the mines or drain those filled with water, in order to put them in a condition to admit of the resumption of work as soon as possible. California is contributing her millions and Con. Virginia continues her usual heavy shipments: Ophir and Belcher are running over & quarter of a million each a month. There is nothing the matter with the mines-the difficulty lies with the depression in prices. SAVINGS BANKS. The comparatively high rate of G per cent interest paid by savings banks often leads them to take risks that would be avoided by conservative financial institutiona. The savings banks which have collapsed in New York have in nearly every case exhibited a melancholy assortment of broken securities that promised impossible rates of interest, and of risky negotiable paper. The Bucksport Savings Bank of Maine, recently suspended, had the most of its deposits invested in railroad bonds, on which the interest had been defaulted. The necessity of paying 6 per cent interest is burdensome and dangerous in these days of depreciating securities and shrinking values. It would be better to lower the rate 80 that the banks could make safer investments. Gov. Ingersoli, in his latest message, gives an on couraging statement of the condition of Connection savings banks: I have reason to believe that the banks have been very carefully and thoroughly examined by the Commissioners of the State during the year. and the report of the Commissioners shows that they are generally in a sound and satisfactory condition. 1 doubt if their affairs were ever administered in closer conformity with the laws of the State than they are at present, and nothing more than this is needed to insure their soundness, NATIONAL BANK RECEIVERS. The bill reported by Senator Sherman from the Finance Committee, on Tuesday, 'authorizing the appointment of Receivers of national banks, and for other purposes, is, with amendments. the same bill that passed the House on the 5th of April. The first amendment strikes out the provision whereby a single creditor can enforce the individual liability of banks in liquidation, and make it BO that all the creditors must join. The second strikes out Sec. 4, which prohands, posed to authorize the money in a Receiver's belonging to a national bank in Liquidation, in United States bonds, pending the acttlement, The next amendment strikes out the proviso to Sec, 7 of the House bill, which says that savings banks authorized by Congress shall not be required to have a paid-in capital exceeding $100,000. Sec. 8 of the House bill is stricken out. If proposed a repeal of the act of Congress authorizing the organization of savings banks in the District of Columbia. There are some other unimportant amendments of detail-Washington Correspondence New York Daily Bulletin, GOVERNMENT BONDS Bid. Asked.

9. August 10, 1876 Ellsworth American Ellsworth, ME
Article from Ellsworth American, August 10, 1876

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FORECLOSURE. THE UNDERSIGNED who has been duly appointed Receiver of the Bucksport Savings Bank, hereby gives public notice that George F. Tilden, of Castine, on the 26th day of February. A. D. 1874. by his deed of that date recorded in Hancock Registry. Vol. 147, Page 51, mortgaged to said Bank certain real estate in said Castine, to Wit: - A certain whart with the buildings thereon, known as South wharf extending from the new street in said Castine nearest to the water about 150 feet into the water, with the land covered bv said wharfland the improvements thereon and use of dock adjoining the same, so tar as the same was owned by said Tilden, being all and the same premises conveyed to him by William Ross in his own behalf and in behalf of the Portland, Bangor and Machias Steamboat Company, by deed dated February 16, 1874, Recorded Voi. 146, Page 382, with the privileges and appurtenances thereto be. longing. The condition ofsaid mortgage having been and still being broken the undersigned in behalf of said Bank, claims to foreclose the same and gives this notice for that purpose. THEO. C. WOODMAN, Receiver Bucksport Savings Bank. 3w32 Bucksport, August 4, 1876.

10. August 17, 1876 Ellsworth American Ellsworth, ME
Article from Ellsworth American, August 17, 1876

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FORECLOSURE. who has been duly any the Bucksport Savings Bank, hereby gives public notice that Rachel A. Hodgkins and G. L. Hodgkins on the fourth day of November, 1874 by their deed of that date. duly recorded in Hancock Registry, Vol. 149, Page m ortgaged to said Bank a certain lot 01 land with the buildings thereon, situated in Ellsworth Maine. and bounded:-Beginning at a eedar true at Kusuck's Coveso called; thence running South 85 degrees east to the road leading to Oak Point. thence sontherly on said road 121 rode. thence North 80 degrees west 8 rods through and past: poplar tree: thence North 571 degrees west . rule to a pine stump; thence South 45 degiees West 10 rods to said cove to high water mark, thence due North on the flats to the place of beginning containing one acre more or less, being their nome stead conveyed to said Rachel by N. Y. Murch by deed Recorded in Vol. 117. Page 352 with its privileges and appurtenances. The condition of said mortgage having been and still being broken, the undersigned in behalf 01 said Bank claims to foreclose the same and gives this notice for that purpose. 3w52 THEO. C. WOODMAN Receiver Bucksport Savings Bank

11. January 1, 1877 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, January 1, 1877

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STATE AND CITY STATISTICS FOR ,76. Prominent Events. The prominent political events of the year have been the election of Gov. Gonnor, the election of five Republican Congressmen, Mr. Blaine's appointment as Senator to fill the vacancy occasioned by the acceptance of the Treasury portfolio by Senator Morrill, and the casting of the electoral vote of the state for Hayes and Wheeler. In military affairs the encampment of the state militia at Bruuswick has been the only event of any importance. The state constitution has been somewhat changed by the adoption of the amendments submitted by the constitutional convention, and capital punishment has been abolished. Maine, in common with other states, has suffered in her industrial pursuits from the general depression, but the crops have been abundant and there has been little actual suffering. Three railroads have experienced financial difficulties; the European & North American, which is in the hands of receivers, and the Port!and & Ogdensburg and Portland & Rochester which have been unable to pay the interest on their bonds-while one long meditated project -the Shore Line Railroad-has made some progress towards realization. The Bucksport Savings Bank and the Lewiston Savings Institution have become insolvent and ceased to do business, while the Thomaston, Waterville and Brunswick banks temporarily suspended. Several newspapers have died, the most notable among them the Loyal Sunrise, alias the Presque Isle Sunrise, alias the Aroostook Valley Suorise, while severai new ones, mostly weeklies, have been started. Criminal and Casual. There have been seven homicides during the year, all but one committed by men. There have been 53 suicides, 43 males and 10 females, besides 20 attempts which did not prove fatal. The number of fires in which the loss was $1000 or over was 339 against 226 in 1875. The total losses was $1,490,323 against $1,217,500 in 1875; and total insurance $813,523 against $444,500 in the preceding year. The greatest loss in any one month was in December which reached $265,800. The burning of the tannery in Vanceboro in September caused a loss of $150,000, the heaviest loss of any one fire during the year. In this city there have been 2388 arrests made by the police, of which 1524 were for drunkenness. In the year 1875 there were 2716 arrests, 1864 of them for drunkenness. There have been no large crimes committed during the year, but a very large number of larcenies, many of them small with a few amounting to a few hundred dollars. Since the middle of March City Marshal Bridges and his force have had nearly 90 cases of larceny. In scarcely a single case have they failed to recover a property and in the majority of cases the property has been wholly recovered and the criminals arrested. In this {time, less than ten months, the police department have recovered upwards of $4800 worth of stolen property. There have been 37 fires in this city the past year and the following is a list of the losses and insurance: I I

12. January 15, 1877 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, January 15, 1877

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MAINE LEGISLATURE. House. SATURDAY, Jan. 18th. Prayer by Rev. Mr. CURTIS of Augusta. Papers from the Senate disposed of in concurrence. A communication was received from the Governor transmitting a list of convicts pardoned or re prieved by him during the year 1876. Senate order relating to legislative committees visiting various State institutions which they represent came from the Senate, that branch adhering to its vote passing the order without amendment. On motion of Mr. CHASE of Bridgton the House voted to adhere to its vote amending the order and giving the same a passage. House order to authorize legislative committees to visit the different State institu tions they represent, came from the Senate amended by adding the words, the several committees not authorized to invite members of the legislature or others to accompany them at the expense of the State.' On motion of Mr. RAND, the House insisted on its vote passing the order without amendment. and voted to ask a committee of conference. The Speaker appointed as the Committee on the part of the House, Mesars. Rand, Norton, and Chase of of Bridgton. On motion of Mr. CHASE of Bridgton, Ordered, That when this House adjourn it ad. journ to meet on Monday next at two o'clock P M. On motion of the same gentleman, it was Ordered, That the Committee on the Judiciary inquire into the expediency of repealing or amend ing chap 146 of the public laws of 1876. On motion of Mr. MEADER, it was Ordered, That the Committee on State Printing be instructed to procure the printing of one thousand copies additional to the number otherwise provided for of the Bank Examiner's Report for the year 1876. On motion of Mr. WENTWORTH of Bradford, it was Ordered, That the Committee on Education inquire into the expediency of abolishing the school district system and adopting a town system by general law. On motion of Mr. NADEAU, it was Ordered, That the committee on State Lands and State Roads inquire into the expediency of making an appropriation to aid in building bridge over Waliagrass stream. plantation of Wallagrass, in the county of Aroostook. On motion of Mr. ROBIE, it was, Ordered, That at 11 o'clock on Tuesday next the House shall proceed to vote for Senator in Congress for the unexpired term in consequence of the resignation of the Hon. Lot M. Morrill. Also for the full term commencing the 4th day of March 1877, in accordance with the laws of the United States. On motion of the same gentleman, it was, Ordered, That all resolves appropriating mosey shall, after the reading of the report of the committee, be laid upon the table and printed. Mr. Pilsbury, from the Committee on Banks and Banking, on petition, reported resolve to re imburse the receiver of the Bucksport Savings Bank in the sum of $831.01, collected illegally, said sum to be charged to the school fund. Read and laid on the table to be pritned. Mr. CHASE from the Committee of Conference on disagreeing vote of the two branches, on order relating to taking from the files and referring to committees business of the last legislature referred to this, reported that the same ought to pass as presented by the House. The report was accepted and the order passed. PASSED TO BE ENGROSSED. Bill an act to authorize a contract between the Bucksport & Bangor Railroad Co. and Trustees of the European & North American Railroad Co. an act to amend section 3, of chap. 26 of the public laws of 1872, relating to the altering and widening of streets. On motion of Mr. SHEPHERD of Camden, the House. Adjourned. PETITIONS, BILLS, &c., PRESENTED AND Re. FERRED. By Mr. GRANT of Ellsworth. Petition of citizens of Ellsworth, for change of day of holding municipal election to the first Monday of March, an earlier day. Referred to the Committee on the Judiciary. By Mr. ABBOTT. Bill an act authorizing Fred C. Barker to navigate by steam Moosebomeguntie lake, in Oxford county. Referred to the Committee on Interior Waters. By Mr. BROWN of Oldtown. Bill an act to enlarge the powers of coustables in the service of civil processes. Referred to the Judiciary committee. By Mr. LORD of Bangor. Bill an act to amend chapter 6, section 53 of the revised statutes, relating to the repair of ways in unincorporated townships. Referred to the Committee on Legal Affairs.

13. January 30, 1877 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, January 30, 1877

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FINALLY PASSED. Resolve in favor of Theodore C. Woodman, Receiver of the Bucksport Savings Bank; resolve for the purchase of the Maine State Year Book and Legislative Manual; resolve amendatory to chap. 20 of the resolves of 1875, entitled resolve in favor of Cyrstal Plantation. On motion of Mr. CHASE of Bridgton, the vote was reconsidered whereby the House passed to be enacted bill an act to amend sec. 8 of chap. 86 of the revised statutes, relating to trustee process, as heretofore amended. The bill was laid on the table until to-morrow morning. On motion of Mr. ROBIE, Adjourned. PETITIONS, BILLS, &c., PRESENTED AND REFERRED.

14. January 30, 1877 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, January 30, 1877

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FIFTY-SIXTH LEGISLATURE. [Special to the Press.] SENATE. AUGUSTA, Jan. 29. Bills passed to be engrossed in the House on Friday and some printed bills were read and assigned. Adverse reports were made on bill amending sec. 1, chap. 93, Public laws of 1876; relating to recording assignments of wages; amending chap. 81, sec. 13, R. S., so as to allow corporations to bring civil action in the county where the treasurer resides. Legislation was reported unnecessary on numerous petitions for discontinuance of commissioners of fisheries. Passed to be Engrossed-Act to authorize the city of Bath to appoint a harbor master for the port of Bath and establish regulations for the anchoring of vessels in said port; act to authorize the Second Baptist Society of Gorham to sell and convey its personal and real estate; act additional to an act to incorporate the city of Rockland; act to amend act to incorporate the trustees of the Sailor's Home in Portland; act authorizing the sale of Islands belonging to the state; act in relation to county attorneys; act to facilitate the detection and punishment of certain offences; act additional to acts which constitute the charter of the Bangor. & Piscataquis Railroad Co.; act further extending the time within which to file the location and complete the Northern Aroostook R. R; act amendatory of acts providing for loans of the credit of the city of Bangor in aid of the construction of the Bangor & Piscataquis railroad. HOUSE. Resolve in favor of Theodore C. Woodman, receiver of the Bucksport Savings Bank, was finally passed. Passed to be Engrossed-Act to amend an act establishing a Municipal Court in the city of Biddefoad; act to prevent throwing of ballast into the Kennebec river; act to prevent taking fish from Davis' brook in the town of Limington; resolve relating to the position of lands in Grand Isle; act additional to chap. 127 of the public laws of 1876, entitled, act in relation to appeals from the county commissioners; act amending act for the better protection of lobsters; act to prevent destruction ot books, pictures, statues, paintings in public libraries; act to make legal the doings of the proprietors of the Methodist meeting house of Mechanic Falls. Read and Tuesday Assigned-Act to amend sec. 8, chap 17, R. S, relating to nuisances; act authorizing views by juries in all cases; act to amend sec. 4, chap. 78 of the public laws of 1876, relating to the erection of fish weirs and wharves in tide water; act relative to proceedings in court; act relating to measures of agricultural products. Read and Thursday Assigned-Resolve providing clothing for the Portland Montgomery Guards. The committee reported adversely on act amending sec. 145, chap. 6, R.S.; on building a road through Dunn's Notch, Oxford county. The committee reported to give $787.70 to the Penobscot tribe of Indians, besides the income of shore rents. Passed to be Enacted-Act to amend sec. 56, chap. 51, R. S., public laws of 1876; act to make valid the doings of the town of Weld. The following bills, &c., were passed to be enacted in the House Saturday: An act additional relative to the Orchard Beach Railroad Co; an act to make valid certain doings of the inhabitants of Bridgton Centre Village corporation; an act to prevent the taking of troat from Great Works stream and its tributaries; an act amendatory of chap. 119, K. S., relating to offences against habitations, dwellings, etc; also amendatory to chap. 120, R. S., relating to larceny and receiving stolen goods.

15. October 8, 1877 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, October 8, 1877

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Bangor Savings Bank, $239,000 Daniel Hinckley, 10,000 S. D. Thurston, Treasurer of Maine Charlty School and attorney for Hannah Buck and others, 60,000 10.000 Sprague Adams, Albert Murch, 5,000 115,000 S. H. Blake, for himself and as trustee, John E. Godfrey, 10,000 W. S. Dennett, 18,000 N.C. Ayer, 40,000 4,000 Second National Bank of Bangor, S. F. Humphrey, Att'y for, 8,000 32,000 Thomas J. Stewart and as trustee, W. H. Smith, 13,000 5,000 Isaac S. Whitman, Stephen Perry, 7,000 4,000 A.C. Hamlin, Att'y for, S. R. Yeaton, 5,0 0 N. Kittredge, 13,000 Albert W. Paine, 2,000 Jacob A. Smith, 1,000 9,00 Z. P. Estes, by S. D. Thurston, 50,000 Amoskeag Savings Bank, Waterville Savings Bank, by E. R. Drummond, Treasurer, 11,000 Kennebec Savings Bank, by S. B. Glazier, Tr., 25,000 Henry Darling, 5,000 Harriet L. Foster and E. P. Buck, by T.C. Woodman, 2,000 5,000 Julia C. Barnard, by T.C. Woodman, 1,000 T. C. Woodman, 7,000 Edward Swazey, 1,000 Thomas H. Swazey, 1,000 A.M. Skinner, by A. L. Skinner, T.C. Woodman, Receiver of Bucksport Savings Bank, 2,000 4,000 J. B. Bradley. 22,000 Oliver Pettengill, by S. H. Blake, his Att'y, D. Milliken, 5,000 Chas. P. tetson, for self and as Trustee, 19,000 amounting in all to seven hundred and seventy. four thousand dollars, and being more than onethird part in amount of the entire amount of said bonds so secured by said mortgage, all coupons from said bonds taling due since March 1, 1875, being unpaid and dishonored-have made application in writing to the subscribers, to have said mortgage foreclosed, because the semi-annual interest coupons on said bonds have not been paid since March 1, 1875, and still remain unpaid, whereby the conditions of said mortgage deed have been and now are broken. Now, therefore, the subscribers give notice that, by reason of breach of the condition of said mortgage by said European and North American Railway Company in refusing and neglecting to pay the semi-anou+l interest (Coupous) due upon said bonds, they claim to foreclose the said mortgage. Trustees as H. HAMLIN, aforesaid. } W. B. HAYFORD,

16. June 27, 1878 Ellsworth American Ellsworth, ME
Article from Ellsworth American, June 27, 1878

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# Foreclosure of Mortgage. THE undersigned who has been duly appointed Receiver of the Bucksport Savings Bank here-by gives public notice, that Thomas Hewey, and Doane B. Hewey, of Bucksport Maine on the 29th day of April, A. D. 1875, by their deed of that date duly recorded, mortgaged to said Bank by mortgage deed running to G. W. Herbert. its Treasurer a certain lot of land in said town bounded on the south by land of Daniel Page (now deceased), on the west by land of the estate of Wm. Little, and Wentworth land; north by land of C. Soverign; east by land of John Veazie occupied by Quimby being lot 136, range 5, containing one hundred acres, more or less with the buildings. The conditions of said mortgage having been and still being broken the undersigned in behalf of said Bank, and in his said capacity claims to foreclose the same and gives this notice for that purpose. THEO. C. WOODMAN. of Rockport, Savings Bank.

17. December 16, 1878 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, December 16, 1878

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inthrop, $11112.83 $114.53.38 $1061 12 73 -10c. 3530-34 3762840 354 93 ets. acksport, 160,196.13 163,530.98 716.87 60 ets. 00 nation'n. 839,778.44 753 053 13 4,266.71 78 ets. 66.00 79,823.50 Final dividends to depositors have been made in Winthrop Savings Bank and the Lewiston In itution for Savings Amount of expenses al owed settlement of the fairs of the Winthrop Sav Bank W** $14,899.87 Thissum includ- the ward of $10,000 in procuring $66,'00.00 stolen the bank at the time of its robberr in 1875 be amount paid to depositors $83 976 99 and to persons $14 899.87 Amount collected from assets $98,876.86 Amount of expenses al in settlement in the Lewiston Institution for avings wa $15,379.14. Amount C' llected from asset. $608,472.17. Amount paid to depositors 587,363.55. and to other persons $19,645.85 mount uncalled for $1,462 77. There will be an settlement in the Solon Savings Bank, and probable final settlement in the Bucksport SavBank, within eighteen menths. Thirteen of the fifty-nine savings banks now dobusiness, have had their deposit accounts re by decree of court, under the provision of thirtv six of the act to revi-e and consoli the laws relating to Savings Banks, approved ebruary 8, 1877, as follows; Brunswick Savings stitution, Thomaston, Orono, Camden, Bangor, ndroscoggin County, Pen broke. Calvis Skowhe. Bridgton, Anburn, Dexter. Frankl County. It is believed that ultimately there will be no to depositors in the Auburn and Bangor that the losses in the others will range two to ten per cent., exceat Thomaston. hich will be about twen tv per cent. The losses these banks with one exception are comparativesmall, and in all the result of shrinka es that not he for seen, many of which are tempoThe losses in the savings banks of this State largely the result of shrinkage of assets which within a reasonable time mainly rec ver their If the law of our State forced the disconnuance of business and the closin of a bank henever the losses rendered it insolvent, it ould be the very means of foreing the sale of its preciated assets without giving time for apore making permanent what might have been a temporary loss. Notwithstanding the foolpanic of the past, based on hare assertions of signing men, the savings bank. of this State will examin ation, and the facts wil fully justify statement that theseinstitutions with the large nount of money held and invested by them. with exceptions, have been well managed and pruconducted through all times. 1. i- believed it may be saiely stated, that the $23,173,112. which these banks now hold, have suffered less shrinkage than any like amount of capwhich has been invested by the best business of the country, since the inauguration of our war. The result of the law of 1877 authorizthe court to reduce the deposit accounts of positors. so as to divide losses pro rata among so far, has been beneficial to all concerned. recommends that the law be so amended as to opower the court to reduce the deposit account

18. January 29, 1880 Ellsworth American Ellsworth, ME
Article from Ellsworth American, January 29, 1880

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PUBLIC AUCTION RECEIVER'S SALE. Being thereunto duly empowered, I will sell at Public Auction, at my office in Bucksport on Thursday, the 12th. day of February, next, at 10 o'clock, A. M. The remaining Assets of the BUCKSPORT SAVINGS BANK, unless before that time adjusted or disposed of at Private Sale. Said Assets consist of the following Items: 1.-The house and lot in Backsport Village, at the corner of Buck and Mill Streets. a double tenement formly owned by F. J. Parker. 2 - The store and lot In Orland recently occu. pied by O. P Dorr. 3-The house and lot in Orland, near the town. house, recently occupied by J. W. Sannders. 4-The farm in Surry, formerly of N. A. Milliken, now occupied by J. M. Young; together with said Young's note for $250. partially secured by another mortgage, the whole subject to an agreement to convey to Young on certain conditions. 5.-Lachlin Melnnis' note. Verona, 850. interest paidto Dec. 8, 1877: secured by mortgage. 6.-R. H. Blatsdell's note, Dedham, for $50. interest paid Oct. 14. 1876: secured by mortgage. 7.-Simeon Colson's note, Bucksport, $400. secured by 2nd mortgage on his farm in Bucksport. 8-0. P. Dorr's note. Orland, $1000. interest paid to Apr. 29. 1877, on which is to be allowed the value of his store and lot, mortgaged to se. cure IL; mortgage foreclosed. 9.-Amaziah B. Gray's note. Bucksport, secured by mortgage of house and lot on Mechan to Street, on which is due $250. and interest from Oct. I. 1876. 10.-Haskell H. Gray's note. Bucksport, $100. and interest from June 13, 1877; secured by mort gage. 11.-8. W. Hewey's note. Bucksport, 850. in terest from January 31. 1878; secured by mortgage. 12-Leonard B. Pratt's note. Backsport. $1100. interest from May 26, 1870: secured by mortgage on his farm, on which foreclosure will expire in May next. 11.-Luze S. Soper's note. Bucksport, March 27. 1874. for $300. on which 14 endorsed interest to Sept. 27, 1875, and March 31, 1877, $100. secured by mortgage. 14.-John W. Saunders' note, Orland $700. interest from January 7. 1876; less the value of the house and lot mortgaged to secure the same; mortgage foreclosed 15.-The house and lot in Stockton, occupied by W. Q. Spinney, subject to my agreement for a conveyance on certain conditions. 17.-H. D. Trott's note, Bucksport, $300. interest paid to May 23. 1877; secured b: 2nd. mortgage on house and lot in Bucksport. 18.-Alfred Hooper's note, Castine, $700. interest paid to Dec. 19, 1875: less amount to be allow. ed for value of a E. & N. A. Railroad boad for $1000. The notes will be endorsed to the purchaser by me. without recourse, and a proper Receiver's deed will be given. The terms will be cash, but a deposit of twenty per cent. can be made at the time of sale, and payment orthe balance, either in cash or a negotia. ble note which will pass at the Bank without my endorsement. within five days after the sale. An adjournment will be made for one week, and if then payment benot made as above provided. the property will then be resold and the deposit forleited. T.C. WOODMAN, Receiver Bucksport Savings Bank. 4w3 Bucksport, January, 10, 1880.