Spring Garden Bank (Philadelphia, PA)

Episode Information

Episode UID
7797437791093
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
779743779 hash
Start Date
January 1, 1891*
Location
Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2116e5fb671432ca

Response Measures

None

Description

Articles give conflicting failure dates (1891 vs. May 1893) and OCR errors; receiver action appears in 1896.

Events (3)
1. January 1, 1891* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Article states the bank failed in 1891 (details of insolvency not given).
Newspaper Excerpt
But in 1891 the bank failed.
Source
newspapers
2. May 8, 1893 Other
Newspaper Excerpt
ending with that of the Spring Garden Bank, of Philadelphia, May 8.
Source
newspapers
3. January 30, 1896 Receivership
Newspaper Excerpt
The receiver of the Spring Garden Bank has filed a claim in his suit against Charles H. Barritt to recover more than $141,000 unpaid discounted paper and alleged overdrafts.
Source
newspapers

Newspaper Articles (3)
1. January 30, 1896 Delaware Gazette and State Journal Wilmington, DE
Article from Delaware Gazette and State Journal, January 30, 1896

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Article Text

AFFAIRS. burns PHILADELPHIA Beatty died Friday of of lamp. sion John by the explosion grain commiss merchant. 66 caused Jesse R. Tomlinson, died Wednesday, a aged plumber, and Union veteran, John years. S. McGinley, died a master on Saturday, aged 51 years. died of Charles Wetzel, injuries aged caused 67 years, by a fall from yesterday, Louie the a wagon. Calvin C. McNaughton Maus, 31 years. vice-president Lumber believed Co., of died Thursday, Young aged McAllister. in the United to William be the oldest Friday, optician in his 84th acquitted year. States, died James, colored, of was murder in having on William Friday caused of a the charge death of Isaac Tilgh- fell man. 4 years. pond near through John the Croesan, Trenton ice and and aged was Lebigh drowned avenues in a run over inth Friday. Torpey, aged 7 a years. trolley was car, at Twenty John and killed street by and Ridge avenue, new board of on Saturday. first meeting of the Electic Light Co., Friday, At directors the of the Charles Edison M. Swain was a elected Edward president B. Neafie, aged Wednesday 34 years, Neafie by a into the machinist, was hold killed of a vessel at fall shipyard. elected presiGeorge at the & dent William Levy of the H. society Lucas annual of was meeting the Sons held of last St. Thursday Porter evening Metz, George of the W. long Metz last es- & tablished Robert firm manufacturers, of died Sous, brush 79th Thursday, in his meeting of last the J. Pennsylva Caleb Milne, At the 109th Prison annual Society, president,an held Thursday, were re-elected. other officers Hall died Saturday being struck night Townsend injuries received at by Thirty first and of by a trolley Garden car streets, Monday week. Spring Gabriel's Catholic Chapel,at Thir was dedicated The St. and Reed Archbishop streets, Ryan. sermon was D. McCort, D. Sunday tieth by preached by the Rev. John of the meeting The fifth annual was held Thursday the Union A evening S. Netherlands Baker at being Society elected League, president. William the dinner followed. adjourned meeting of Valley stockholders Wednesday, At the of the Lebight President were Railroad Co., present board of direcinvited The Alumni designs Wilbur tors and re-elected. the Association of and pro- Girard of Stephen posals College for has which a bronze it intends statue to erect in front Girard, of the City Taylor Hall. of Booneville, Dr. Marcus died in L. the University malaria, Hos. conMiss. pital on while riding Saturday 170 of miles through Amaltracted to visit a sick friend. of the a storm The central committee of Street Railway ex has adopted National PresiEmployes gamated Association in resolutions pressing confidence and methods. dent Mahon's character said Thursday Director Thompson of the city water the present are adequate sources for the will existing give supply and that tiltration any in demands, Philadelphia as pure water as the world. the office of Boericke was & Tafel, A safe No. in 1011 Arch night street, or Sunday 'cracked Saturday $200 in currency secured and $8,000 in morning, registered and bonds were by the burglars. Elecstockholders of the Edison meetLight Co. held the of board tric The Wednesday and re-elected their the annual exception old A. Coffin, whose ing managers, with place was of filled Charles by John S. Stevens. the barrel While trying to held blow by into his brother, of John an air Grinstone, gun, edental aged 14 discharge years, was of the killed weapon by the at Mt. Moriah cemetery Thursday. receiver of the Spring statement Garden of The Bank has filed a Charles H. claim National in his suit against recover more than $141,000 Barritt, brought on unpaid to discounted paper alleged overdrafts. and The annual report of the made chief Thurs- engithe bureau of fire, 2,120 fires neer of that there were 1,710 day, states with during 1895, The as losses compared by fire last year amounted 1894. to $1,640. 409. 10th annual dinner of the Phila Assodelphia The Hardware Merchants' night at the ciation was given William Thursday W. Supplee, Union League. president, acted as toastSamuel Dieston. master the retiring and introduced his successor, raided a number of The police late Saturday night. by 'peak-easies' will be followed hereafter Linden in by Judge for the of arrests on of This Superintendent plan opinion Sundays consequence Arnold the making classes of offences is not lawful. the certain letter to the stockholders Friday, of In a Electric Light Co., on direcWilliam Edison D. Marks resigned as opinion and stated that he had the lease tor, leading: *lawyers that and any franof two company's property what of chises the will be illegal. no matter Councils may enact. ordinances Judge Hare Thursday Gustave revoked Gerst- the license of Lehigh retail liquor Fillmore street and stipula lauer, because he violated granting avenue, tions imposed by the court would in close b18 the license, at 11 that p. m. he and not seil liquor bar-room for consumption off the premises. the Dallas has dismissed William peti- K. Judge of Jam% Marwick, of Kurtz tion and Jacob O. Field, holders stock. 5,600 shares of Reading railroad in the intervene as parties defendant Reading to for the foreclosure of the degeneral suit mortgage. The petitioners hiect to the foreclosure. sired to Philadelphia Alumni of Lehigh dinThe its fourth annual University Friday night.at held the Manufacturera' ner

2. October 21, 1904 Gunnison News-Champion and Tribune Gunnison, CO
Article from Gunnison News-Champion and Tribune, October 21, 1904

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Article Text

SUBPLUS N BRAT. Comparison by Mryaa w the Cream of Clovdand's remisteration Speaking of the panic of 1893. ww liam J. Bryan says in the current w sue of the Commoner: "The first indication of its coming appeared November 11. 1830, when the New York Clearing House sam ciation voted its certificates to banks in need of assistance. November 18 the Boxton Clearing House did'llkowise. Barker Bros. & Co., bankers of Philadelphia, failed with liabilities of $5,000,000. Mr. Bryan then gives a long list of failures, beginning with the United Rolling Stock Company, of Chicago, November 22, 1830, and ending with that of the Spring Garden Bank, of Philadelphia, May 8. 1801. Then came the Homestead and other great labor troubles. followed by the election of Cleveland to the Presidency. In May. 1893. there were more failures, and finally the raids on the United States Treasury. January 17. 1894. the Administration ordered s $30,000,000 bond issue. August 1, 1894. the Wilson tariff went into offect." Continuing with his most interest ing and timely retrespect, Mr. Bryan says: "It will be observed that the Clere land Administration ordered the sre.000,000 bond issue January 17, 1894. That was seven months before the Wilson bill became a law. Perhape It is not significant, but in view of Mr. Roosevelt's claim. it is at least Interesting. that the first Indications occured nette more of 1800, the a pasic than November thirty days 11. after the McKinley tariff bill became a law. From that date the panic raged and while its effects were felt for several years, it reached its worst stage in 1883 and during the early days of 1894. during all of which time the McKinley tariff law was in effect. "It may not be out of place to point out that when the Democratic Administration surrendered the reins of gevernment. March 4. 1889. there was is the Federal Treasury the largest surplus in history. When the Republican party went out of power. March 4. 1893. there was a large deficit and the incoming Administration was finally persoaded to make the bond issues which its Republican predecessor had at one time thought to be necessary, but had skillfully avoided."

3. May 7, 1932 Evening Courier Camden, NJ

Article Text

CHARLES S. CALWELL, PHILA. BANKER, DIES Corn Exchange President Noted for New Departures in Finance Methods Charles Sheridan Calwell, president of the Corn Exchange National Bank & Trust Co., Philadelphia, died last night at his home, Wissahickon and Westview avenues, Germantown. He was 60 and had been ill two weeks with a kidney ailment. Mr. Calwell, who is survived by his widow and four daughters, started his career as an office boy, becoming one of Philadelphia's foremost bankers, one of its civic leaders and its outstanding expert in foreign trade. He had been with the Corn Exchange Bank 41 years and for the last 21 years had been its president. He obtained his first job in 1886 as a boy of 15 in the old Spring Garden Bank, Twelfth and Spring Garden streets, having left high school in his freshman year to take the job at $5 a week. He was considered a "rising young man" even then. But in 1891 the bank failed. Soon afterward he obtained the job that was to lead him to the peak in the financial affairs of Philadelphia. His first position with the Corn Exchange Bank was as assistant teller. Fourteen years later he was cashier. Five years later he became vice president and in 1910 he was elected president. During his guidance of the bank's affairs it rose from a small institution to one of the five largest in the city in point of deposits. When he became president its resources totaled $22,000,000. The annual report for 1931 showed resources of more than $95,000,000. In March, 1929, he startled banking circles by taking over the Union Bank & Trust Co., Third and Arch streets, an institution that was near collapse as a result of disclosures made by the August, 1926, Grand Jury. CHANGE TO BE ASKED IN BISHOPS' SLATE M. E. Conference Expected to Lower Age of Retirement to 70 Atlantic City, May 7.—The committee on episcopacy of the General Conference of the Methodist Episcopal Church will ask the conference to disarrange its slate of appointments of bishops today. That is not the way recommendations of the committee reads, but it is what the change in the age of retirement of bishops means. The committee will ask the conference to approve reducing the retirement age from 73 to 70. If the conference concurs, eight bishops will retire at the next quadrennial conference in 1936, instead of three, and several men mentioned for important posts for the next four years probably would not be appointed for so short a term. Another battle which will come to the floor of the conference shortly is that concerning the ordaining of women as regular conference ministers. A resolution to this effect was defeated two to one in the committee on itinerancy, but Miss Florence Resor, of Buhl, Minn., has obtained 10 signatures of minority voters who will bring the request to the conference. The Methodist Episcopal Church South allows women to be ministers on equal status with men, but the Northern church only admits them to local preacher positions. Acting Secretary of State William R. Castle, addressing the conference, declared it was "as silly to brand the Kellogg pact as useless as it would be to brand the Ten Commandments as useless." He repeated his assertion that President Hoover is opposed to the use of the economic boycott as a means of putting teeth in the treaty. The sub-committee on social and industrial relations voted today to recommend that the general conference go on record as opposing capital punishment and favoring the end of lynch law. A resolution aimed at dispelling race discrimination was proposed, but not acted upon.