Great Barrington Savings Bank - Great Barrington, MA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: March 27, 1879
Location: Great Barrington, Massachusetts (42.196, -73.362)

Metadata

Model: gpt-5-mini
Short Digest: 75460e61526b7ee6

Response Measures

None

Description

Article (New-York Tribune, 1879-03-28) reports a temporary injunction in the case of the Great Barrington Savings Bank, which 'has been in operation for a year under the stay law.' The piece describes a quarrel in management leading to the injunction/stay. There is no mention of a depositor run, permanent closure, receivership, or reopening; the reference to the 'stay law' and injunction implies a temporary suspension of payments rather than a final failure, so I classify as a suspension with likely eventual resumption. Bank type set to 'state' because it is a savings bank operating under a state stay law.

Events (1)

1. March 27, 1879 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Long-existing quarrel in the bank's management led to a court injunction and operation under the stay law.
Newspaper Excerpt: In the Supreme Court to-day a temporary injunction was granted in the case of the Great Barrington Savings Bank, which has been in operation for a year under the stay law. This application was owing to the long existing quarrel in the management.
Source: newspapers

Newspaper Articles (1)

1. March 28, 1879 New-York Tribune New York, NY

Article from New-York Tribune, March 28, 1879

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Article Text

TELEGRAPHIC NOTES. THE PRESENT CONSTITUTION GOOD ENOUGH. BOSTON, March 27.- the House this morning the bill for calling a State Convention to revise the Constitution was refused a third reading. AMERICAN PRINT WORKS. FALL RIVER, Mass., March 27.-At meeting of the stockholders of the American Print Works this afternoon it was voted to ratify the action taken by the creditors yesterday. MINERS ON A DESPERATE STRIKE. CINCINNAII, March 27.-About 400 striking miners gathered at Pomeroy, Ohio, yesterday, and forced the miners of a few mines that were working to join them on a strike for higher wages. A QUARREL IN A BANK. BOSTON, March 27.-In the Supreme Court to-day a temporary injunction was granted in the case of the Great Barrington Savings Bank, which has been in operation for a year under the stay law. This application was owing to the long existing quarrel in the management. THRASHED HIS MAN AND THEN GAVE HIM $100. BUFFALO, N. Y., March 27.-The prize-tight between Arthur Chambers, of New.York, and John Clark, of Philadelphia, for $1,000 and the light-weight championship, took place to-day at Navy Island. It was won by Chambers, 137 rounds having been tought. Chambers gave Clark $100 after winning the battle. ANXIETY ABOUT GEORGE D. WHITTLE. LYNN, Mass., March Developments which have taken place regarding George D. Whittle's affairs have caused his friends great uncasin 388, and they ask that judg. meat be suspended until the truth shall be evident through critical investigation. Hisprement whereabouts are unknown even by his most intimate friends. WAR ON THE LOUISIANA LOTTERY. NEW-ORLEANS, March 27.--The Governor signed the bill repealing the charter of the Louisiana State Lottery to-day. The officers of the lottery company claim that the business of the company will not be interfered with as the company has taken measures to test the constitutionality of the law in the courts of the United States.