Neponset Bank - Canton, MA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: February 21, 1871
Location: Canton, Massachusetts (42.158, -71.145)

Metadata

Model: gpt-5-mini
Short Digest: 67076bbb3a509f3f

Response Measures

None

Description

Article (Worcester Daily Spy, 1871-02-21) reports that a bill to revive the Neponset bank, of Canton was advanced in the legislature. No run or depositor agitation is described in the excerpt; the piece indicates legislative action to revive (reopen) the bank after a prior suspension/closure. I infer this is a suspension followed by reopening via statute. Bank type set to 'state' as typical for banks of this era and name, though the article doesn't specify charter type.

Events (1)

1. February 21, 1871 Suspension

Cause Details: Legislative action to 'revive' the bank (prior suspension/closure implied); article gives no specific reason for initial suspension.
Newspaper Excerpt: The bills to revive the Neponset bank, of Canton, ... were severally advanced a stage, without discussion.
Source: newspapers

Newspaper Articles (1)

1. February 22, 1871 Worcester Daily Spy Worcester, MA

Article from Worcester Daily Spy, February 22, 1871

Click image to open full size in new tab

Article Text

From the State House. BOSTON, Tuesday, Feb 21, 1871. Contrary to expectation the general railroad bill which has been reported to the house was not discussed to-day. The time was entirely taken up in discussion of the bill which the committee on the constablery investigation desired to have passed, viz: to compel witnesses to testify, and at the same time shield them from prosecution and punishment in future on account of statements they may make. The discussion which lasted for a couple of hours, was participated in by several members. Mr. Cogswell of Yarmouth, one of the most graceful speakers in the house, advocated the measure in a long and elaborate discussion of the legal and parliamentary phase of the question. Mr. Woodbury, who also spoke in a similar strain, thought the resolve did not go far enough. Messrs. Adams of Quincy, Cogswell of Salem and many others advocated the bill, some of them showing a disposition to wan. der from the question into an attack on the constablery. Mr. Hurd of Framingham differed with his associates of the judiciary committee, and in a direct and forcible speech criticised the first part of the resolve relative to the compul. sion of witnesses as dangerous legislation, if not unconstitutional. He moved an amendment, which failed to satisfy the house, however. Mr Beard of Brookline went farther than Mr. Hurd and opposed the whole movement for an inquisitorial committee. Under the operation of the previous question, a vote was taken, and the bill passed by a very large majority, after which it was passed through its several stages, the rules being suspended for the purpose. The bill reads as follows: No person who is called as 8 witness before the joint special committee on the state police, shall excused from answering any question or from the production of any paper relating to any corrupt practice or improper conduct of the state police, forming the subject of nquiry by such committee, on the ground that the answer to such queition o the production of such paper may criminate or tend to criminate himself or disgrace him or otherwise render him infamous, or on the ground of privilege; but the testimony of any witness examined before said committee upon the subject afore. said or any statement made or paper produced by him upon such an examination, shall not be used evidence aguinst such witness any civil or criminal proceeding in any court of justice; provided, however, that no official paper or record produced by such witness on such exam mination, shall be held or taken to be included within the privilege of said evidence so to protect such witness in any civil or criminal proceeding as aforesaid, and that nothing in this act shall be construed to exempt any witness from prose cution and punishment for perjury comm mitted by him in testifying as aforesaid The bills to revive the Neponset bank, of Canton, and the Waltham bank, and to incorporate the Central savings bank in Lowell, and the trustees of the Memorial hospital in Worcester, also the bill in relation to the partition of lands, were severally advanced a stage, without discussion. A little skirmish relative to the bill to authorize the formation of railroad corporations showed that Mr. Towne, of Fitchburg, was preparing to speak against it, and that Messrs. Sanford of Taunton, and Adams of Quincy, will advocate it. It comes first in the orders of the day for Thursday. The senate concurred with the house in the suspension of the seventeenth joint rule for the reception of the three petitions presented yesterday, and reconsidered the refusal to receive a bill to extend the time for the organization of the Union exchange company in Boston, which came under the provisions of th same rule, and the bill was referred to the committee on mercantile affairs. The petition of the board of trade for the repeal of all laws requiring the payment of head money upon immigrant passengers arriving at ports in this state, was also received. The following orders were then adopted That the joint committee on expenditures consider the expedi ncy of amending chapter 242, ets 1865, and chapter 849, acts of 1868, concerning the returns and taxation of bank shares and associations for banking, established under laws of the United ates; that the committee on the judiciary consider the expediency of establishing county or district courts of inferior jurisdiction for trial of civil and criminal causes. The following orders. were adopted in the house: That the committee on horse railways consider the expediency of general law for the formation of horse railway companies and the construction of horse railways; that the committee on military affairs consider the expediency of supplying the several organizations Massachusetts volunteer militia with General Lippett's practical treatise on the art of war; that the committee on elections consider what further legislation, if any, is necessary, to guard against frauds at elections; that the judiciary committee consider the expediency of amending section 88, chapter 120, of the gener a statutes, so that the jurisdiction of trial justices may be increased; that the secretary of the common wealth be authorized to take such measures as be may deem proper to obtain 850 copies of the report of the Hon. David A. Wells, the special commissioner on taxation for the state of New York for the use of the legislature. The following reports of committees were made: A bill to incorporate the Lexington savings bank. That the resolves in favor of the house of the angel guardian, of the Springfield home for friendless women and children, and James M. W Yerriaton; appropriating $6000 aid of disabled soldiers who have served Massachusetts regiments; the bill to incorporate the North Bridgewater agricultural society and the resolve in relation to soldiers testimonials, severally ought to pass. That the bill to anthorize aqueduct corporations in cities and towns to take water from streams, land for reservoirs, and to lay and repair water pipes, and for the assessment of damages, ought not to pass. Inexpedient to legislate on a change of laws in regard to proxies at annual meetings of life insurance companies. Leave to withdraw on the petition of A. St. John Chambre, to change the name of Dean academy to Dean college, with power to confer degrees; the resolve in aid of the temporary asylum for discharged female prisoners at Dedham, with an amendment to make the sum $1500 instead of $2500. Ther: were several committee hearings this morning, that before the railroad committee being of most interest to the heart of the commonwealth, judging by the number of Worcester people in attendance The matter under consideration was the petition of the Boston, Barre and Gardner railroad for leave to extend its road to Winchendon. To this proposition the people of the town of Ashburnham object, as they will be deprived of railroad facilities if the Vermont and Massachusetts company should straighten their line as proposed. Nearly all the forenoon was occupied in the question of allowing the Boston, Barre and Gardner railroad to use the location of the Nashua and Worcester railroad in Worcester, to which the latter company strenuously objects.