7877. Edward C. Hodges & Co. (Boston, MA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
December 27, 1899
Location
Boston, Massachusetts (42.358, -71.060)

Metadata

Model
gpt-5-mini
Short Digest
d0be9bd3

Response Measures

None

Description

Multiple contemporaneous articles (Dec 27–28, 1899) report Edward C. Hodges & Co., bankers and brokers, suspended business and named an assignee (G. C. Dickson). No run is described; suspension appears to be a firm failure with an assignee appointed, implying permanent closure/receivership.

Events (3)

1. December 27, 1899 Other
Newspaper Excerpt
G. C. Dickson, of Dickson & Knowles, has been named as assignee.
Source
newspapers
2. December 27, 1899 Receivership
Newspaper Excerpt
G. C. Dickson, of Dickson & Knowles, has been named as assignee.
Source
newspapers
3. December 27, 1899 Suspension
Cause
Local Banks
Cause Details
Refusal of Boston banks to give the firm credit on United States Mining Company shares (would not accept mining shares as collateral).
Newspaper Excerpt
Edward C. Hodges & Co., bankers and brokers, suspended business today.
Source
newspapers

Newspaper Articles (11)

Article from Santa Fe New Mexican, December 27, 1899

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Article Text

BOSTON BROKERS BROKE. Could Not Borrow Money from Banks On Mining Shares. Boston, December 27.-Edward C. Hodges & Co., bankers and brokers, suspended business to-day. The firm is one of the largest in the city. Its dealings have been principally in municipal bonds. Mr. Hodges said to-day that the trouble was caused by the refusal of Boston banks to give the firm credit on United States mining shares. "We have 5,000 shares of that stock on hand," said Mr. Hodges, "and when the banks refused to accept it as collateral there was no course for us but to protect our creditors." G. C. Dickson, of Dickson & Knowles, has been named as assignee. Those interested say no statement of assets or liabilities can be made to-day. The firm was composed of Edward C. Hodges, E. F. Lowrey and Frederick Swift. The firm is a member of the Boston and New York stock exchanges and the Chicago board of trade.


Article from Evening Times-Republican, December 27, 1899

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Article Text

BIG FAILURE AT BOSTON Hodge3 & Co., Bankers and Brokers, Another Victim of the Mining Stock Speculation. Firm is One of the Largest in Boston and Dealt in Municipal Bonds. Shippers Win a Point in the Fight Against New Freight Classification. Boston, Dec. 27.-Edward C. Hodges & Co., bankers and brokers, suspended business today. The firm was one of the largest in the city. Its dealings have been principally in municipal bonds. Hodges said the trouble was caused by the refusal of Boston banks to give the firm credit on United States mining shares. No statements of assets and liabilities will be made today.


Article from Las Vegas Daily Optic, December 27, 1899

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Article Text

ANOTHER BOSTON FAILURE. Could Not Use U. S. Mining Stock as Collateral Security. Boston, Mass., Dec. 27-Edward C. Hodges & Co., bankers and brokers, suspended business today. The firm is one of the largest in the city. Its dealings have been principally in municipal bonds. Mr. Hodges said today that the trouble was caused by the refusal of the Boston banks to give the firm credit on United States mining shares. "We have five thousand shares of that stock on hand," said Hodges, "and when the banks refused to accept it as collateral there was no course open for us but to protect our creditors." G. C. Dickson, of Dickson & Knowles, has been named assignee.. Those interested say that no statement of assets or liabilities can be made today. The firm was composed of Edward C. Hodges, E. F. Lowrey, Frederick Swift. The firm is a memper of Boston and New York stock exchanges and the Chicago , board of trade.


Article from Barre Evening Telegram, December 27, 1899

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Article Text

BROKERS FAIL. Edward C. Hodges & Co. Go Under this Morning. Boston, Dec. 27.-Edward C. Hodges & Co., bankers and brokers, 53 State street, suspended this morning. They were one of the largest firms in their branch of the business in the city. They dealt largely in municipal bonds. The firm were members of the Boston and New York exchanges and the Chicago board of trade. The firm was composed of E.C. Hodges, E. F. Lowrie and Frederick Swift. The assignee is O. C. Dickson. The failure was caused by the refusal of the banks to receive United States Mining Co. shares, of which the firm had a large quantity, as collateral. No statement. The firm held 5,000 shares of that stock. e


Article from The Topeka State Journal, December 27, 1899

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Article Text

TWO BOSTON FAILURES. Edward C. Hodges & Co., Brokers, Suspend Business. Boston, Dec. 27.-Edward C. Hodges & Co., bankers and brokers of 53 State street, suspended business today. The firm is one of the largest in the city. Its dealings have been principally in municipal bonds. The firm is a member of the Boston and New York stock exchanges and Chicago board of trade. Susill A. Isaacson, a clothing dealer, has filed a petition in bankruptcy. Liabilities, $122,811; assets, $60,000.


Article from The Norfolk Weekly News, December 28, 1899

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Article Text

Dealers In Bonds Suspend. BOSTON, Dec. 28.-Edward C. Hodges & Co., bankers and brokers at 53 State street, suspended business yesterday. The firm is one of the largest in the city. Its dealings have been principally in municipal bonds. The firm is a member of the Boston and New York Stock exchanges and Chicago board of trade.


Article from The Madison Daily Leader, December 28, 1899

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Article Text

ONE MORE BOSTON FAILURE. Big Brokerage Firm of Edward C. Hodges & Co. Goes to the Wall. BOSTON, Dec. 28.-Edward - C. Hodges & Co., bankers and brokers of 53 State street, have suspended business. The grm is one of the largest in the city. Its dealings have been principally in municipal bonds. The firm is a member of the Boston and New York Stock exchanges and Chicago board of trade. Mr. Hodges said that the trouble was caused by the refusal of the Boston banks to give the firm credit on United States mining shares. "We have 5,000 shares of that stock on hand." said Mr. Hodges, "and when the banks refused to accept it as collateral. there was no course for us but to protect our creditors." G. C. Dickson. of the law firm of Dickson & Knowles, has been named as assignee.


Article from Ottumwa Semi-Weekly Courier, December 28, 1899

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Article Text

Boston Brokers Fall. / Boston, Dec. 27.-(By Associated Press.)-Edward C. Hodges & Co., bankers and brokers, suspended business today. The firm was one of the largest in the city. Its dealings have been principally in municipal bonds. It is said the trouble was caused by the refusal of Boston banks to give the firm credit on United States mining shares. No statement of assets or liabilities will be made today.


Article from The Princeton Union, December 28, 1899

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Article Text

ONE MORE BOSTON FAILURE. Big Brokerage Firm of Edward C. Hodger & Co. Goes to the Wall. BOSTON, Dec. 28.-Edward C. Hodges & Co., bankers and brokers of 53 State street, have suspended business. The grm is one of the largest in the city. Its dealings have been principally in municipal bonds. The firm is a member of the Boston and New York Stock exchanges and Chicago board of trade. Mr. Hodges said that the trouble was caused by the refusal of the Boston banks to give the firm credit on United States mining shares. "We have 5,000 shares of that stock on hand," said Mr. Hodges, "and when the banks refused to accept it as collateral, there was no course for us but to protect our creditors." G. C. Dickson, of the law firm of Dickson & Knowles, has been named as assignee.


Article from Little Falls Weekly Transcript, December 29, 1899

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Article Text

ANOTHER BOSTON FAILURE. Big Brokerage Firm of Edward C. Hodger & Co. Goes to the Wall. BOSTON, Dec. 28.-Edward C. Hod ges Co., bankers and brokers of 58 State street, have suspended business. The firm is one of the largest in the city. Its dealings have been principally in municipal bonds. The firm is a member of the Boston and New York Stock exchanges and Chicago board of trade. Mr. Hodges said that the trouble was caused by the refusal of the Boston banks to give the firm credit on United States mining shares. "We have 5,000 shares of that stock on hand," said Mr. Hodges, "and when the banks refused to accept it as collateral, there was no course for us but to protect our creditors." G. C. Dickson. of the law firm of Dickson & Knowles, has been named as assignee.


Article from Vermont Phœnix, December 29, 1899

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Article Text

BRATTLEBORO. There will be a special meeting of the Red Men this evening for a rehearsal. Rev. Dr. Harris of Worcester will preach as a candidate in the Universalist church at North Adams next Sunday. The Vaughan & Sargent Electrical company have moved their office into Crosby block, into the rooms formerly occupied by Dr. Dinsmore. Steamer No. 3, which was recently sent to Seneca Falls, N. Y., to be repaired, was returned Monday. The pump has been repaired, the nickel jacket has been removed and the boiler given a black coating and the wood and metal parts have been repainted and renickeled. The expense of the improvements was about $600. Frederick Swift, who was married recently to Miss Ethel Dalton, formerly of Brattleboro, is a member of the firm of Edward C. Hodges & Co., bankers and brokers, who assigned at Boston, Wednesday. The company had several thousand shares of United States Mining company's stock, which the banks refused to receive. These officers were elected at the annual meeting of Dennis Rebekah lodge held Tuesday evening in Odd Fellows' hall: Noble Grand, Mrs. F. E. Beeman; vice grand, Mrs. W. D. Gilson; recording secretary, Mrs. J. A. Amidon; permanent secretary, Mrs. Eric Landry; treasurer, Mrs. C. L. Spears; trustees, Mrs. Samuel Brown, Mrs. F. E. Perry and Miss Lulu Coates. These officers will be installed the second week in January. The annual meeting of St. Michael's Court, Catholic Order of Foresters, was held in Red Men's hall Tuesday evening and the following officers were elected: Chief Ranger, D. S. Carey; vice chief ranger, J. C. Sullivan; recording secretary, T. A. Austin; financial secretary, E. J. Lavelle; treasurer, H. B. Haus; first trustee, P. B. Lavelle; second trustee, P. Drislane; third trustee, W. O. Young; medical examiner and court physician, E. R. Lynch. Judges Frank Worden and Daniel Kellogg have examined the account of George C. Averill, treasurer of Windham county, and they find that the income of the county for the year ending Dec. 1, was $1624.18. There was a balance of $5.43 in the treasury Dec. 1, 1898. The balance on hand Dec. 1 of this year was $29 32. The amount of county clerk's orders now outstanding and unpaid, against the county, is $712.29. To provide for the payment of the indebtedness and for the county expenses for the coming year the judges have ordered the treasurer to levy a tax of one cent on the dollar on the list of the polls and ratable estate of the several towns of the county, said tax to be paid on or before June 1, 1900. Charlotte M. Fletcher sold her saw mill on Birge street, operated by W. H. Fletcher, together with a two-tenement house and two acres of land, to the P. H. Potter company of Springfield, Mass., Saturday through the real estate agency of F. J. Bailey. Mrs. Fletcher took in part payment two good houses in Springfield. The Potter company, which is one of the largest lumber, sash, door and blind concerns in New England, has a large business in this county and it proposes to operate the mill in connection with that business. The company owns about 3500 acres of land in the county, and now has a steam mill clearing off a wood lot in Jamaica. Another mill will be put into that section of the county soon. The new owners of the Fletcher mill are ready to receive from the board of trade any proposition as to furnishing room and power for new industries, and would build an addition to accommodate a hundred hands or more. The mill has one of the best water-powers afforded by Whetstone brook, having a fall of 27 feet, and it is in every way adapted for manufacturing purposes. This property formerly was owned and operated by Jordan, Marsh & Co. as a woolen factory, and is one of the historical plants of the town.