Farmers Bank (New Castle, DE)

Episode Information

Episode UID
6561438891196
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
656143889 hash
Start Date
August 5, 1899
Location
New Castle, Delaware (39.662, -75.566)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ad80333f06573233

Response Measures

None

Description

Articles describe permanent closing/abolition of the New Castle branch rather than a temporary halt.

Events (1)

1. August 5, 1899 Suspension
Cause
Government Action
Cause Details
State action ('act wiping out of existence') led to closing of the New Castle branch; state funds were transferred to other banks.
Newspaper Excerpt
The act wiping out of existence the New Castle branch of the Farmers' Bank made a change in the state holdings in the bank
Source
newspapers

Newspaper Articles (3)

Article from Evening Journal, February 1, 1899

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Article Text

THE GRAND STAIRWAY [Continued From First Page.] miscues like. Las' Toosdy Representative J. C. Conaway rote a letter to A. J. Wite, one of them Reg'ler Republikins at Laurel. Hit wus jes' like the one as wus printed in the Evenin' Jurnel wich I sen't you las' Friday. He giv this letter fur Wite to a feller named W. T. Fletewood. Fletewood didn' male the letter. He wuz too good a fren' of ourn to do that, an, ef he'd maled hit he wouldn a-got a posishun he's after in the Fillydeifia mint. So he wen' an saw Cale Laton, our leder, befor' he saw the post offis, an' Laton red the letter wich Conoway had rit to Wite, an Cale red hit at the Addicks dinner in Fillydelfia. Them Reg'lers is now tryin' to fin' out as how that letter got outten the seled envelope wich had postage pade on hit, an' took part in the dinner wich we gev in Fillydelfia I wish Addicks 'ud kepa his frens frum doin' sech things at a time wen we're workin' the high morele prinsiple racket on the peple. I'm agin' holdin' back a Reg'ler's male matter fur the sake of perlitical exspediensy Hit's my opinyun that the feller to Room a letter's addrest oughter hav the furst look. Wot we're afeerd of is as how ef the .postoffis department finds out through Hyou Broune as how Fleetwood delivered that letter to Cale Layton insted of to the postmastin at Gorgetown Fleetwood '11 lose his plase in the mint, fur hit is shone by his askshun towards a pore sick man as how he cain't be trusted in wot my fren', Walter Hayes, calls the confy denshal relashun. A feller who'll help to opin anuther man's letter hain' fit to be enny plase but in jale. E/ hit kin be proved as how Cale Laton kept that feller Wite's letter frum the male to read hit to our feller Addicks hit's agoin' to play hob with us down in Sussex. I hed jes' begun to think as how me an' Addicks had things in purty good shape, an' I had scarcely thunk my think before this yere thing cums down outten the clere sky an shakes everything up powerful-like. I hav' rum to the conclushun that the Reg'lar Republikins has more hoss sense than our fellers. I am givin' to understan as how. wen' the letter didn' cum to Mister Wite on Toosdy or Wensdy he sent out to Mister Conway to no about hit. an' Conway sed: "I sen' that letter on Toosdy Mister Fleetwood, who happined to be in the room at the time, felt fur a corner an' sed: "I think I maled that letter; ef I didn't I misplaced hit." Then this feller Conaway, whose vct ve needed so bad, sed, "I'll rite anutler letter, wich he dun, an' hit wuz printed in the Evenin' Jurnil on Friday, an' the letter as Conaway had rit on Toosdy, an' wich our feller Fletewood sez he misplased, wuz red by Cale Laton up at our dinner, an', to make matters wurse, Ode More an' uthers of our fellers owned up to hit in a barber's shop at Laurel on Satterdy nite. Ef hit hadn't bin fur them hit wouldn't a-got out. I've writ an' tol' Addicks about hit, an now I'm waitin' fur an ansir. Hit won' be so bad ef the postil peple don' git after our fellers Fletewood an' Laton, but ef they do hit'll be mitey onplesent to me fur hit nocks Fletewood outten a joh in the mint, an' sowers Conway on all of us fellers Mary Ann, there's an ol' sayin' as how a lissener never heres no good of hisself. Ther wuz an excitin' objick lessin of this at the Stait House this aftirnoon. X-State Tresurer Ross, of Seford, cum up yere to-day to git the legislativ committee to formylate an' git in hits report settlin with him and the X-state awditer. Mister Ross an' Representativ' Frank Macknultee wuz standin' down at the fut uv the gran' staresteps a-talkin' about the closin' up uv the Farmers' Bank's branch at Nu Cassil. They didn' no hit, but Casheer Walter Morris wus standin' up at the top o' the staresteps lissenin' to all they wuz sayin' They wuz tarin' up the bank's propysishun fur closin' up the Nu Cassi branch an' retirin' sum stock wen Secretery of Stait Jim Hewes jined 'em. Now hit has bin wispered aroun' her as how Mister Ross is gunnin' fur Mia ter Morris, and gess hit mus' be troo frum certen exspreshuns I hav herd Mister Hewes tol' Mister Ross an' Mis ter Macknultee wot a grate man Mis ter Morris had bin fur makin' money fur the bank. Mister Ross sed as how Mister Morris hadn't made enny of hit, an' that enny man cou'd a dur the same thing. He sed as how Presi den Ridgely wanted to make the state pay six per cent. fer money, an' that Mister Morris wanted to make hit poney up five per cent. wile the bank' per surplus wuz only drawin' two cent. in Fillydelfia. Mister Macknultee tol' Mister Ross as how the Unyon Bank uv Wilmington hed lent City Counsil sixtey or seventey thousand dollers at a clip an' ast fur no securety. He sed hit wuzn't no stait or city bank an' wuz merely one of them depositin' banks fur the city's col' cash Things wen' along this way fur sum time an' then Mister Morris got tired ov lissenen an' walked down the steps He called to Mister Ross an' tol' him he wouldn't anser him jes' then. Hi wuz high tide on the Nantykoke in a minit, an' the flud uv elokwense wus over the banks before Mister hit. no as Morris runnin' you wuz 'nowed evesdroppin'," didn' sed Mister back how Ross. "but wot I sed behin yer Then


Article from Evening Journal, February 2, 1899

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Article Text

The Farmers' Bank at New Castle is not paying expenses and dividends, and the sooner it is closed the better it will be for all concerned. The banks of Willmington have made such inroads into its business that it cannot be kept open at a profit. The people of New Castle and surrounding country are alone to blame for this condition, which will leave a city of that size without a banking institution of any kind. If they have a bank and will not patronize it, they cannot expect it to run at a loss for the sake of local pride and sentiment.


Article from Evening Journal, August 5, 1899

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Article Text

$ 161,750.00 $1,024.452.00 The act wiping out of existence the New Castle branch of the Farmers' Bank made a change in the state holdings in the bank, but the new certificate for 5,700 shares of the stock is also in the vaults of the Equitable building. The above list of securities, supplemented by insurance policies and other papers, shows what necessity there was for action looking to a safe place of deposit. It has been some weeks since the change was quietly made, and not more than eight or ten persons know of it. Last evening State Treasurer Ball was seen by an Evening Jouranl reporter and asked to verify the story. He did so, but declined to make any statement further than to say that, under the conditions as they existed, he deemed it wise to make the change. When asked if he had made any other changes, he said that he had transferred from the Farmers' Bank at Dover to the Farmers' Bank at Wilmington the state's running account, considering it more convenient. The $104,000 arising from the closing of the New Castle branch is on deposit in the Dover bank, someone having stolen the bill authorizing him to invest it It is drawing no interest, but he has made an arrangement with the Farmers' Bank at Dover whereby the state will cease to pay 3 1/2 per cent. on a $50,000 loan so long as the state