Union Savings Bank - Fall River, MA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: May 16, 1878
Location: Fall River, Massachusetts (41.701, -71.155)

Metadata

Model: gpt-5-mini
Short Digest: 73a801ce

Response Measures

None

Description

Article (The Daily Gazette, 1878-05-16) reports Union Savings Bank of Fall River was granted the benefit of the law restricting payments to depositors — a statutory restriction on withdrawals (partial suspension). No run or closure/receivership is mentioned; restriction implies a temporary suspension under law, so I classify as suspension_reopening (no evidence of permanent closure).

Events (1)

1. May 16, 1878 Suspension

Cause: Government Action
Cause Details: Bank was granted the benefit of the law restricting payments to depositors (statutory restriction on withdrawals).
Newspaper Excerpt: the Union Savings Bank of Fall River, Mass., have been granted the benfit of the law restricting payments to depositors.
Source: newspapers

Newspaper Articles (1)

1. May 16, 1878 The Daily Gazette Wilmington, DE

Article from The Daily Gazette, May 16, 1878

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Article Text

General News. The trost in Canada has seriously damaged the fruit trees and gardens. The grain crops may, however, yet recover to a large extent. The Bass River Savings Bank of South Yarmouth, Mass.; and the Union Savings Bank of Fall River, Mass., have been granted the benfit of the law restricting payments to depositors. The seat of Representative O'Connor, in the Ohio Legislature, has been formaily declared vacant in consequence of his disreputable antecedents. The Legislature has adjourned until January next. The Pennsylvania board of pardons has refused to inverfere with the decision of the court in the case of Denuis Donnelly, the Schuylk 11 county Mollie Msguire, who is to be hanged on the 22d inst. I he music festival at Cincinuati yesterday had fair wether and an immense crowd. The city was decorated with flags and evergreens. Mrs. Osgood made her first appearance in the oritorio of the Messiah last night. Philadelphia Fenians pronounce the report that Capt. N. R. Harris was about to issue a call for 2,000 volunteers to go Russia without any foundation. They state that he is an adventurer and has no authority to represent the Fenians. The Wabash railway case has been removed from the Fountain county (Iud.) court to the federal court at Indianapolis, where the motion for the appointment of a receiver will be pressed. The injunction granted in Illinois is continued. At St. Louis, last Monday, little Charley Cottrell, six years old, playfully pointed a Sharp's revolver at bis aunt, Mrs. Dowler, and with a remark, "Look oui, Aunt Lib, I am going to shoot you," pulled the trigger. His aunt feil to the floor, shot through the heart. The Eastern Amateur Press Association met in Philadelphia yesterday, and l decided to protest to the Postmaster General against the order preventing amateur journals from passing through the mails as periodicals. Delaven W. Gee, of Washington, was elected president.