Dedham Institution For Savings (Dedham, MA)

Episode Information

Episode UID
53040271260
Episode Type
Suspension → Closure
Bank Type
savings
Bank ID
5304027 routing
Routing Number
53-0402
Start Date
December 22, 1904
Location
Dedham, Massachusetts (42.242, -71.166)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
eeae1f8af5595307

Response Measures

None

Description

OCR shows 'Dedham savings bank' in articles; likely the same institution despite slight name variant.

Events (2)
1. December 22, 1904 Suspension
Cause Details
Article lists the bank as closed; no explicit cause for suspension given in the clipping.
Newspaper Excerpt
22-Dedham savings bank, Dedham, la., closed.
Source
newspapers
2. * Receivership
Newspaper Excerpt
The case started by the receiver of the Dedham bank to recover from the Citizens' National bank ... President Paton shot himself a year ago at Dedham. Then it developed that his bank had failed.
Source
newspapers

Newspaper Articles (2)
1. December 31, 1904 The Broad Ax Chicago, Salt Lake City, IL
Article from The Broad Ax, December 31, 1904

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Article Text

5-Citizens' bank, McLeod, Okla Akron (0.) Savings bank Chicago Women's Business club. 6-Wanzer & Co., Chicago grain merchants. Dow City (la.) Exchange bank Buck Grove (la.) bank. 18-McCoy's bank. Rensselaer, Ind. May Okla. 12-Farmers State bank, Nardin, 24-First national bank of Cape May, N. J., closed by special order. Jul. 27-First Nat. bank, Saratoga, N. Y.... Grinnei (la.) First Nat. bank. 28-Mauston (Wis.) bank. Oct. 11-Bank of Plaintield, Wis., closed by state commissioner. Nov. 11-Federal Stock and Grain Co., Boston, assigns, liabilities $150.000. 17-Because of run. Berlin, Wis., bank closes. 23-Janney Co., Ottumwa, la., goes to receiver. 25-Davenport, Wash., national bank declared insolvent. 28-Gen. Coxey. of Mount Vernon, O., bankrupt. Liabilities, $287,000. Dec. 8-C. H. Slack & Co., prominent Chicago grocers. Liabilities, $167,000; assets, $100,000. 20-First national bank. Conneaut, and Marine bank, Conneaut Harbor, 0., suspend. 22-Dedham savings bank, Dedham, la., closed.

2. April 12, 1906 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, April 12, 1906

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Article Text

# BRAND DEAD FATHER FORGER. Sons of J. G. Paton, Dedham, Who Suicided, File Depositions. Special to Times-Republican. Des Moines, April 12. According to depositions filed in the district court by Earl and Lynn Paton, their father, the late President J. G. Paton, of the Dedham Savings Bank, was not only a suicide, but a forger. The depositions were taken at Oakland, Cal., where the boys now live and appear as evidence in the case started by the receiver of the Dedham bank to recover from the Citizens' National bank of this city for notes forged by Paton. President Paton shot himself a year ago at Dedham. Then it developed that his bank had failed. The depositions aver that the president had forged the name of Paton brothers to notes and had thereby realized several thousand dollars. The case has attracted widespread interest.