7164. Mendon Bank (Mendon, MA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 20, 1832
Location
Mendon, Massachusetts (42.106, -71.552)

Metadata

Model
gpt-5-mini
Short Digest
85dfdd3745f91ede

Response Measures

None

Description

Articles (1832 petition and later bank-note tables) indicate Mendon Bank closed and its notes were redeemed; stockholders petitioned the legislature to enable them to close their business — consistent with voluntary winding up/closure rather than a depositor run. No run is described.

Events (2)
1. February 20, 1832 Suspension
Cause
Voluntary Liquidation
Cause Details
Stockholders petitioned the General Court for provision to enable them to close their business (voluntary winding up).
Newspaper Excerpt
Petition presented-Of the Stockholders of the Mendon Bank for further provision to en. able them to close their business, by Mr. Hastings of Worcester.
Source
newspapers
2. September 25, 1845 Other
Newspaper Excerpt
Mendon Bank closed redeemed
Source
newspapers

Newspaper Articles (3)
1. February 22, 1832 The Massachusetts Spy Worcester, MA
Article from The Massachusetts Spy, February 22, 1832

Click image to open full size in new tab

Article Text

which is to check frequent propositions of the kind, by providing that they shall not be made more frequently than once in ten years. He therefore moved to lay the subject on the table, in the hope that it would be allowed to sleep there for the remainder of the session. Mr. Tufts of Dudley, was opposed to laying on the table. Complaints are constantly making about this perpetual tampering with the Constitution, in proposing schemes of amendment. Now the plan before the House was for the exprese purpose of providing that such schemes should only be proposed at stated intervals. The motion for laying on the table did not prevail. Mr. Buckingham moved to amend the amendment so as to entirely abolish the ninth article. The motion was negatived by a small majority. After some further discussion, the amendment was laid on the table, to be taken up again morrow. SATURDAY, Feb. 18. SENATE. The petition of the President, &c., of Williams College was referred to the next General Court. Petition presented-Of the Stockholders of the Mendon Bank for further provision to en. able them to close their business, by Mr. Hastings of Worcester. On motion of Mr. A. H. Everett, ordered, that the committee on the Judiciary be instruct. ed to inquire into the expediency of abolishing imprisonment on all debts less than fifty dollars. HOUSE. Petition presented-Of Nathan Hale and others, directors of the Boston and Worcester Rail Road Co for an act to enable them to lay out and construct a Raii Road from Woreester to the western boundary of the State. The Speaker appointed the following gentlemen to compose the committee on the order of Mr. Shaw of Lanesboro', respecting the pay of Representatives, &c.: Messrs. Shaw, Wells of Boston, Bagley of Amesbury, Newhall of Lynn, Abbot of Woburn, Thurston of Lancaster. Merrick of Sturbridge, Taft of Sunderland, Child of Springfield, Doane of Cohasset, Lother of Somerset, Lincoln of Middlesex, and Baxter of Nantucket. MONDAY, Feb. 20. SENATE. A letter was communicated by the President, from the Hon. Nathaniel Sils. bee, transmitting a map of the northern part of the State of Maine, and the adjacent British province, shewing the boundary line as claimed by the United States, as claimed by Great Brit ain. and as designated by the arbiter. Bill for amending the 3d article of the Bill of Rights, was specially assigned for Friday next. HOUSE. Bill from the Senate concerning imprisonment on mesne process in cases of civil actions, was read, and referred to special committee on so much of the Governor's Message as relates to that subject. On motion of Mr. Forward of Belchertown, Ordered, That Messrs. Forward of Belchertown, Motley of Boston, Peabody of Boxford, Guild of Lowell, Skinner of Brookfield, Holcomb of Southwick, Billings of Conway, Chaffee of Becket, Cushing of Dorchester, Borden of Troy, Jenkins of Situate, Holbrook of Welfleet, Mayhew of Chilmark, and Folger of Nan. tucket, being one member from each county, be a committee to take into consideration the expediency of removing the seat of government to the town of Worcester or some other central part of the Commonwealth. Bill from the Senate to incorporate the town of Webster was read a first time. [This proposed town is located in the County of Worcester being a part of the towns now comprising Dudley and Oxford (South Gore.)] On motion of Mr. Thurber of Mendon, the Secretary of the Commonwealth was directed to furnish the House with a copy of the prof ceedings and report of the Commissioners appointed by the Province of Massachusetts and the colony of Rhode Island, in the year of our Lord 1718, to settle the boundary line between the said Province and Colony ; and the proceedings of all subsequent commissioners appointed by the authority of the two governments for the same purpose to the present time. PROPERTV OF THE COMMONWEALTH The following table, shows the aggregate of Polls and V Property, as finally fixed by the Valuation Committee, together with the increase per cent. from the f last valuation..

2. February 3, 1843 The Spirit of the Age Woodstock, VT
Article from The Spirit of the Age, February 3, 1843

Click image to open full size in new tab

Article Text

MAINE. Agricultural Bank, Brewer in hands of receivers 80 a 90 CL. dis Bangor Commer ial Bank, Bangor charter surrendered 3a 4 Bath Bank worthless charter expired Citizen's Bank, Augusta, (new plate) charter anulted do Calis Bank 7a8 10 a 15 City Bank, Portland charter surrendered Damariscotta Bank do worthless do Frankfort Bank, Frankfort do do do Globe Bank, Bangor do Georgia Lumber Co. Portland do Hallowell and Augusta Kenebeck Bank do Kennebank Bank do Lafayette Bank, Bangor 3 4 charter surrrendered 3 a 4 Mercantile Bank, Bangor Oldtown Bank worthless do Fraud Oxford Bank, Fryburg do Passamaquodily Bank do People's Bank charter surrendered Stillwater Canal, at Orono In hands of receivers do Saco Bank redeemed by Trustees at Saco 25 a St. Croix, Calise harter surrendered Washington county, Calis charter surrendered worthless redeemed Waterville Bank (closed) 2 13 Westbrook Bank, Westbrook Hiscasset Bank worthless NEW HAMPSHIRE. Concord Bank 2n 3 worthless Hill-borough Bank New Hampshire, Portsmouth, charter redeemed expired worthlbas Woolfborugh Bank VERMONT. Fraud Agricultural Bank, Troy no such Bank authorised a Bennington Bank, Bennington fraud Comercial Bank of Vermont no such Bank authorised worthless Essex, Goldhall fraud Green Mountain Bank do do Jefferson. County Bank fraud St. Albans Bank 11 a 12 MASSACHUSETTS. redeemed Amherst Bank, charter surrendered Berkshire Bank worthless Chelsea Bank, Chelsea 80 90 Commonwealth Bank, Boston 75 80 East Bridgwater Bank charter surrendered redeemed Essex Bank, Salem worthless Farmers' and Mcclamies', S. Adains do Farmers' Bank, Betchertown do Franklin Bank. Boston do do Falton, or Wimmisimmet Bank, Boston do Humpshire Bank, Northampton do Lafayette Bank, Boston closed Mendon Bank redeemed Middlesex Bank. Cambridge redeemed 2 a 15 a Middling Interest Bank, Boston Nature Bank Lvnn 80 a 90 67 a 70 Neburyport Bank redeemed Nortolk Bank, Rosbury Phienix Bank, Nantucket worthless do Roxbury Bank charter annulled Mutter Bank Md Winthrop Bank, gone intelliguidation redeemed RHODE ISLAND. Burrillville Bank worthless fraud do Dagle Bank, Newport Partners' Bank do Parmers' and Mechanics' Bank 75 a 80 worthless Franklin Bank. Providence fraud closed redeemed Mount Hope Bank 5 7 Pascoug Bank CONNECTICUT. worthless Bridgeport Manufacturing Co. fraud do Derby Bank, do Eagle Bank Housatonic Railroad Co. 23 a 30 NEW YORK. New York City 1-8a1-4 1g 1 1-4 Old Safety Fund, good Banks do New do Red Back. uncertain a 2 55a60 United States Bank Bills, old and new Novem Scotia Bills 10, 12 1-3 New Breaswick Bills 7 9 6 it Upper Canada Lower de 4 5

3. September 25, 1845 Spirit of the Age Woodstock, VT
Article from Spirit of the Age, September 25, 1845

Click image to open full size in new tab

Article Text

# BANK NOTE & EXCHGANE TABLE. MAINE. Agricultural Bank, Brewer (in hands of receivers 80a 90 ct dis Bangor Commercial Bank, Bangor charter surrendered 3 a Bath Bank charter expired worthless Citizen's Bank, Augusta, new plate worthless Calis Bank 748 City Bank, Portland chartersurrendered, worthless Damariscotta Bank do worthless Frankfort Bank, Frankfort do do Globe Bank, Bangor do do Georgia Lumber Co. Portland do Hallowell and Augusta do Kenebeck Ban do Kennebunk Ban do Lafayette Bank, Bangor charter surrrendered 9 a Mercantile Bank, Bangor 3 α Oldtown Bank worthless Oxtord Bank, Fryburg Fraud do Passamaquoddy Bank do. People's Bank chartersurrendered do Stillwater Canal, at Orono do In hands of receivers Saco Bank redeemed by Trustees at Saco St. Croix, Calis charter surrendered 20 a Washington county, Calis redeemed by Trustees Waterville Bank (closed) redeemed Westbrook Bank, Westbrook 1a 2 Wiscasset Ban worthless NEW HAMPSHIRE. Claremont Bank, closing redeemed Concord Ban 3 a 5 Hillsborough Ban worthless New Hampshire, Portsmouth, charter expired redeemed Woolfborugh Ban worthless VERMONT. Agricultural Bank, Troy Fraud no such Bank authorised Bennington Bank, Bennington worthless Comercial Bank of Vermont fraud no such Bank authorised Essex, Guildhall worthless Green Mountain Ban fraud do Jefferson, County Bank fraud do St. Albans Bank 1a2 MASSACHUSETTS. Amherst Bank, chartersurrendered redeemed Berkshire Bank worthless Chelsea Bank, Chelsea do Commonwealth Bank, Boston do Charlestown Bank, charter surrendered-bills redeema-bble at Sufollk. East Bridgwater Bank charter surrendered redeemed Essex Bank, Salem worthless Farmers' and Mechanics', S. Adams do Farmers' Bank, Belchertown do Franklin Bank, Boston do Fulton, or Wimnisimmet Bank, Boston do Hampshire Bank, Northampton do Kilby Bank, Boston do Lafayette Bank, Boston do Mendon Bank closed redeemed Middlesex Bank, Cambridge, 2 a Middling Interest Bank, Boston 25 a 0 Nahant Bank, Lynn 9 a Neburyport Bank 5 a 60 Phaenix Bank, Chralestown 40 л 0 Phœnix Bank, Nantucket worthless Roxbury Bank charter annulled do Sutton Bank do Winthrop Bank goneintoliquidation redeemed RHODE ISLAND. R. I Agricultural Bank, closedbyinjunction worthless Burrillville Bank do Eagle Bank, Newport fraud do Farmers' Bank do Farmers' and Mechanics' Bank 75 a 8 Franklin Bank, Providence fraud worthless Mount Hope Bank closed redeemed Pascong Bank 5 a Providence connty Bank 5 a CONNECTICUT. Bridgeport Manufacturing Co. fraud worthless Derby Bank, do Eagle Bank do Housatonic Railroad Co. 5 a NEW YORK. New York City a1-4 Old Safety Fund, good Banks 3-4 a 1 New do do Red Back.uncertain 25 a 30 United States Bank Bills, oldand new 25 a 30 Novia Scotia Bills 5a8 New Brunswick Bills 3a5 Upper Canada 4 a 5 Lower do 4a5