Lynn Institution For Savings (Lynn, MA)

Episode Information

Episode UID
53007970872
Episode Type
Run Only
Bank Type
savings
Bank ID
5300797 routing
Routing Number
53-0079
Start Date
August 10, 1872
Location
Lynn, Massachusetts (42.467, -70.949)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0c9f32de8ea660ee

Response Measures

None

Description

Articles refer to 'Lynn Savings' which may be the same institution; additional sources could confirm.

Events (1)

1. August 10, 1872 Run
Cause
Local Shock
Cause Details
Over fifty large Lynn shoe manufacturers (the Crispin association) pledged to withdraw about $1,500,000 from the Lynn Savings in a coordinated action
Newspaper Excerpt
the Crispins have voted to withdraw from the Lynn Savings Bank all money standing to their credit, amounting in the aggregate to about $1,500,000
Source
newspapers

Newspaper Articles (2)

Article from Knoxville Daily Chronicle, August 11, 1872

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Article Text

LATEST BY TELEGRAPH. o FOREIGN NEWS BY THE CABLE. o Miscellaneous and Washington News. HOME NEWS. Trouble Among Massachusetts Crispins. BOSTON, Aug. 10.-Over fifty of the heaviest shoe manufacturing concerns in Lynn have pledged themselves not to emperson controlled by Crispin asafter have their sociations ploy part any to-day. voted Bank to The withdraw all Crispins the money from on the Lynn Savings to their to about aggregate standing credit, $1,500,000, amounting which in loan the the Crispins claim is largely controlled by the manufacturers in real estate and other business transactions. The steamer Bristol which sailed from last night for Fall River with hundred was run this a six Nepwort New York passengers morning by bark, into and af- at ter starting for Fall River the steamer commenced leaking and she was run ashore. The steamer Canonicas has gone from New Bedford to take the passengers off, who are all safe. A Washington dispatch says that since the letter of Gerritt Smith, interceding for Kuklux, at Albany, similar rehave been commendations imprisoned received of from Col. influential Republicans. The report chief of secret service, who has directed the as to the several cases, gate been Whitley, by President will to be in basis vesti- of the President's action, who has already intimated a willingness to comply with suggestions made. SAN FRANCISCO, Aug. 10.-Fires are raging in the pineries along Puget Sound, and are doing great damage. CHICAGO, Aug. 10.-The Board of Trade unanimously adopted the resolutions offered last Thursday in reference to the illegal insurance by the proprietor of the Iowa elevator. NEW YORK, Aug. 10.-The efforts to compromise the libel suit between Kilpatrick and L. F. Jennings, editor of the New York Times, have failed. The case, however, will not be tried until the next term of court. The French band sailed for home to-day, a large crowd seeing them off. A gang of striking laborers drove off twenty-five men from work on cellars in Attorney street, this morning, beating some of them with their own shovels. The strikers fled before the police arrived. It is very hot to-day, the thermometer ranging at 90ยฐ. Ex-Secretary Seward and family arrived in town from Auburn to-day. The bank statement shows a loss in reserves of $5,230,000; imports of the week $9,254,668. NEW YORK, Aug. 10.-A Paris dispatch from Nowville states that Baron Gantaut, Minister to Berlin, who has been in consultation with President Theirs and received full instructions from him concerning the fulfillment of the conditions of the evacuation treaty, and also with regard to the approaching conference between the three European Emperors, will return at once to his post at Berlin.


Article from Herald and Tribune, August 15, 1872

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Article Text

HOME NEWS. BRISTOL, August 10.-A man named Grigsby was struck by the 7:50 train tonight about half a mile from this place and had his left leg shattered to such as to neccesarms were no sary. an extent His render amputation broken, and be doubt sustained severe internal injuries. His recovery is doubtful. NEW YORK, August 10.-The French band sailed for home to-day; a large crowd seeing them off. A gang of striking laborers drove off twenty-five men from work on cellars in Attorney street, this morning, beating some with their shovels. The strikers fled before the police arrived. It has been very hot to-day, the ther> mometer being near 90. BALTIMORE, August 10.-The Board of Mission of the United Brethren in Christ are in annual session here. Bishop Glossbrenner, of Dayton, Ohio, Bishop Weaver, of Baltimore. Bishop Edwards, of Lexington, Illinois, and Bishop Dickson, of Muscatin, Iowa, together with a number of the leading men of the church are present. BOSTON, August 10. 1 Over fifty of the heaviest shoe manufacturing concerns in Lynn have pledged themselves not to employ any person controlled by the Crispin Association after to-day. The Crispins, on their part, have voted to withdraw from the Lynn Savings Bank all money standing to their credit, amounting in the aggreg: to to about $1,500,000, which sum the Crispins claim is largely controlled by the manufacturers in real estate and other transactions. BOSTON, May 10.-The steamer Bris tol, which sailed from New York last night, for Fall River, with 600 passengers. was run into at Newport this morning by a bark. After leaving Newport the steamer commenced leaking and she was run ashore. The steamer Canonicus has gone from New Bedford to take off the passengers, who are all safe. LATER-THE BARK SUNK. FALL RIVER, August 10.-The bark B. Rogers. into which the steamer Bristol ran this morning was laden with iron and was at anchor. The steamer made a hole of six feet into the bark and held there till the crew of the bark got aboard the steamer. When the latter got clear the bark sunk instantly. The Bristol then landed her Newport passengers and started for Fall River, bat the leak gaining on her she was beached. She will probably be got off in a few days.