7984. Pacific bank (Boston, MA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 2, 1883
Location
Boston, Massachusetts (42.358, -71.060)

Metadata

Model
gpt-5-mini
Short Digest
ed79723d

Response Measures

None

Description

Articles from Jan–Feb 1883 refer to the Pacific Bank of Boston as 'defunct' and refer repeatedly to a receiver and suits brought by the receiver. No newspaper text describes depositor runs or reopenings. I therefore classify this as a suspension/closure with an appointed receiver. OCR seems correct for names and dates.

Events (3)

1. January 2, 1883 Receivership
Newspaper Excerpt
Congratulations are in order to Harry C. Knox, who has just received the appointment as clerk ot the receiver of the Pacific bank, Boston, Mass., with a salary of $2,000.
Source
newspapers
2. January 13, 1883 Other
Newspaper Excerpt
All but one of the shareholders of the defunet Pacific bank here entered into a combination which is formed for defence against the suits of the receiver for aggressive action against the directors.
Source
newspapers
3. February 7, 1883 Other
Newspaper Excerpt
The receiver of the Pacific bank, Boston, will bring suit for $37,000 against Elmar Collamorew, trustee of the Boston Water Power company to recover upon unserved notes.
Source
newspapers

Newspaper Articles (3)

Article from Daily Globe, January 2, 1883

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Article Text

PERSONAL. Prof. W. H. Leib returned from his trip South yesterday. He resumes teaching to-day. Wm. R. Dunnington, receiver of the U. S. land-office, Redwood Falls, is at the Merchants. Major C. M. Wilson, formerly of St. Paul, but now of the firm of Wilson, Le May & Son, railroad and harbor contractors, Duluth, is visiting the city. Congratulations are in order to Harry C. Knox, who has just received the appointment as clerk ot the receiver of the Pacific bank, Boston, Mass., with a salary of $2,000. He will leave here the last of the week to enter upon his duties, and will carry away with him the sincerest wishes of hosts of friends for his future welfare and success.


Article from Daily Globe, January 13, 1883

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Article Text

Financial Troubles. WASHINGTON, Pa., Jan. 12.-Efforts have ceased to compromise the case of Samuel Ruth, cashier, and Dr. R. J. S. Thompson, accomplice charged with the embezzlement of $120,000 belonging to the savings bank. BOSTON, Jan. 12.-The Herald says that the Union Steamboat company, capital $100,000, has failed. Angry creditors claim that the whole business is a swindle. All but one of the shareholders of the defunet Pacific bank here entered into a combination which is formed for defence against the suits of the receiver for aggressive action against the directors.


Article from Daily Globe, February 7, 1883

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Article Text

ALL AROUND THE GLOBE. Rev. Dr. Vibbert, of Germantown, Pa., installed as pastor of St.James' Episcopal church, last evening. A petition is in circulation among the lumber dealers of Chicago asking congress to admit Canadian lumber free of duty. No official statement of the assets and liabilities of the Union Iron & Steel company will be made till the receiver reports to the court. A bill has been introduced in the Pennsylvania legislature to secure secrecy of the ballot box, requiring all ballots to be uniform in size, print and color. The ice harvest on the Hudson has been completed. The crop is the largest ever gathered and quality never equalled. Three million tons are under roof. Charles Dutac de Larschelle, a French emigrant of noble family, his brother being a general of the French army, died at Montreal yesterday in absolute want. At the Fall River, Mass., special election in the Second sentorial district yesterday John W. Cummings, Democrat, was elected by 700 majority over John C. Marvel, Republican. The state department announces that the rumor current at the capitol this morning that the president has withdrawn from the sonate the Weel at Abra Mexican treaty is not true. The receiver of the Pacific bank, Boston, will bring suit for $37,000 against Elmar Collamorew, trustee of the Boston Water Power company to recover upon unserved notes. W.R. Cornings, of London, Eng., was married last evening at Chicago to Miss Jennie C. Tuttle, daughter of Frederick Tuttle, a retired capitalist. The wedding was an elegant afiair. Five Sophomores, of Bowdoin college, at Brunswick, Me., have been expelled for hazing the remaining members of the class, retiring rather than fulfil the conditions required petitioning their return. The Union League club of New York celebrated last night its twentieth anniversary. The banquet was followed by a poem by Stoddard, a speech by W. . M. Evarts, and addresses by John Jay and others. The total amount of whisky in bond here is 888,000 gallons. Of this amount there is a very small proportion on which the duty fell due to-day. The banks here have loaned no money worth mentioning on whisky. The first Chicago Mardi Gras occurred last night in Armory hall un der the auspices of the turners, Tableaux representing the five grand divisions of the earth and figures from Greek mythology were the chief features. Telegrams received at the Indian bureau to-day indicate that strenuous efforts are being made on the part of the military to eject all alien half-breeds, buffalo hunters and Canadian Indians from the Fort Peck, Montana, Indian reservation. The New York legislature is proposing to withdraw the appropriations necessary to carry on Castle garden and its dependent institutions. The commissioner of emigration has decided to memoralize the governor and place the whole subject before him. Thirty-four of the thirty-seven cadets the by Pennsylvania suspended military academy for attending a theatrical performance in violation of its rules, have been re-instated