8191. Hampshire Savings Bank (Northampton, MA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
July 18, 1898
Location
Northampton, Massachusetts (42.325, -72.641)

Metadata

Model
gpt-5-mini
Short Digest
7401f253

Response Measures

None

Description

No run is described in the articles. The institution was found to have large embezzlements by Treasurer Lewis Warner, temporary receivers were appointed in July 1898 and later made permanent; the bank is described as defunct and wound up by receivers. Thus this is a suspension/closure with receivership (bank-specific adverse information).

Events (5)

1. July 18, 1898 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Large embezzlement/defalcation by Treasurer Lewis Warner (estimated $400,000 taken from Hampshire Savings; associated thefts from Hampshire County National).
Newspaper Excerpt
The temporary receivers of the Hampshire Savings bank of Northampton have given out a statement to the effect that the defalcation of Treasurer Lewis Warner amounts to $400,000.
Source
newspapers
2. July 19, 1898 Receivership
Newspaper Excerpt
The temporary receivers of the Hampshire Savings bank of Northampton have given out a statement...to the effect that the defalcation of Treasurer Lewis Warner amounts to $400,000.
Source
newspapers
3. November 15, 1898 Receivership
Newspaper Excerpt
The Second Report of the Receivers...Judge Knowlton...ordering the appointment of the receivers permanent and authorizing them to wind up the affairs of the bank.
Source
newspapers
4. December 9, 1898 Other
Newspaper Excerpt
Receivers Irwin and Cook of the Hampshire Savings Bank... petitioning the court for permission to pay a 40 per cent. dividend before Christmas.
Source
newspapers
5. March 27, 1899 Other
Newspaper Excerpt
Receivers...applied...for leave to pay a dividend of 25 per cent. The receivers have about $400,000 in their hands. They expect to pay another dividend of 10 per cent.
Source
newspapers

Newspaper Articles (10)

Article from Kansas City Journal, July 19, 1898

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Article Text

He Stole $640,000. SPRINGFIED, MASS.. July 18.-The temporary receivers of the Hampshire Savings bank of Northampton have given out a statement to the effect that the defalcation of Treasurer Lewis Warner amounts to $400,000. With the $240,000 which Bank Examiner Ewer estimates were taken from the Hampshire County National bank, Warner's peculations amount in the aggregate to $640,000.


Article from The Topeka State Journal, July 19, 1898

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Article Text

DEFAULTED $400,000. Savings Bank Treasurer's Peculations Will Reach $640,000. Springfield, Mass., July 19.-The temporary receivers of the Hampshire Savings bank of Northamnton have given oui, statement to the effect that the defalcation of Treasurer Lewis Warner amounts to $400,000. With the $240,000 which Bank Examiner Ewer estimates were taken from the Hampshire County National bank, Warner's peculations amount in the aggregate to $640.000. To cover his peculations Warner overestimated the amount of deposits and the number of depositors, and over-valued the securities held by the bank.


Article from The Copper Country Evening News, July 20, 1898

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Article Text

Warner Is a Colossal Thief. Springfield, Mass., July 20.-The temporary receivers of the Hampshire Savings bank of Northampton have given a statement to the effect that the defalcations of Treasurer Lewis Warner amounts to $400,000. With the $240,000 which Bank Examiner Ewer estimates were taken from the Hampshire County National bank, Warner's peculations amount in the aggregate to $840,000.


Article from River Falls Journal, July 21, 1898

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Article Text

A Heavy Defalcation. Springfield, Mass. July 19.-The temporary receivers of the Hampshire savings bank of Northampton have given out a statement to the effect that the defalcation of Treasurer Lewis Warner amounts to $400,000. With the $240,000 which Bank Examiner Ewer estimates were taken from the Hampshire County national bank, Warner's peculations amount in the aggregate to $640,000.


Article from Vermont Phœnix, July 22, 1898

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Article Text

MASSACHUSETTS NOTES. Treasurer Lewis Warner's Peculations $640.000. The temporary receivers of the Hampshire savings bank of Northampton have given out a statement to the effect that the defalcation of Treasurer Lewis Warner amounts to $400,000. With the $240,000 which Bank Examiner Ewer estimates was taken from the Hampshire County national bank, Warner's peculations amount, in the aggregate, to $640,000. To cover his peculations Warner overestimated the amount of deposits and the number of depositors, and overvalued the securities held by the bank.


Article from The Diamond Drill, July 23, 1898

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Article Text

DOMESTIC. Edward McKldder killed his wife and himself in Owosso, Mich. Domestic trouble was the cause. John Durrett (colored) was killed by a mob at Coaling, Ala., for trying to provoke trouble between the whites and blacks. Postmaster General Smith estimates the postal receipts for 1898 at $100,000, 000, the largest in the history of the department. Cudahy's and Swift's packing houses in Omaha were tied up by the strike of 3,000 of their men. The percentages of the baseball olubs in the National league for the week ended on the 17th were: Cincinnati, .654; Boston, 632; Cleveland, .613; Baltimore, .603; Chicago, .570; Pittsburgh, .533; New York, .527; Philadelphia, .458; Brooklyn, .417; Washington, .367; Loulsviile, .312; St. Louist, 295. A row at Farmington, Ia., in a saloon resulted in the death of Push Reece and George Hatter, the latter colored. Frank Waxson, Charles Winant and Charles Clark were drowned in the Kaw river just above Kansas City, Mo. The Wisconsin River Pulp & Paper company's mill was destroyed by fire at Stevens Point, the loss being $200,000. E. J. Allen's farmhouse near Junetion City, Kan., was burned and three children under six years of age perished In the flames. Rev. P. M. Weddell celebrated at Piqua, O., the fiftieth anniversary of his active service in the Baptist ministry. Fire that started in the sash and door factory of the Segelke-Kohlhaus company in La Crosse, Wis., caused a loss of $150,000. Edward Rawley and wife were struck III., by a Wabash train at Brooklyn, and killed. A Frisco passenger train was held up at Andover. Kan., by masked men who secured $500 from the express safe. Sarah Cale (colored) was murdered by her divorced husband, James Cole, near Washington, Ind., and Cole also killed himself. Trains collided near Georgetown. Ind.. and the engineer. William Kerns. and two tramps were killed. Mrs. John Dewer and her two daughterswere killed by lightning near Elma, Ia. Clarence Vinegar (colored) kill- was hanged at Georgetown. Ky., for ing his wife. Jasper Simpson, while resisting ar- L. shot and killed J. B. Grady and rest. S. Hill, deputy United States marshals, near Jenson. Ark. The Hawaiian commission will sail from San Francisco about August 10. An immense deposit of coal has been discovered 400 miles up the Koyukuk river in Alaska. The visible supply of grain in the United States on the 18th was: Wheat, 10,461,000 bushels: corn. 19,983,000 bushels; oats. 5,577,000 bushels; bush- rye, 460,000 bushels; barley, 585,000 els. The receivers of the Hampshire savbank of Northampton. Mass., Lewis say that ings the defalcation of Treasurer Warner amounts to $640,000. I Chung. a Chinaman in OakGoong Cal., took refuge in a powder the land, to escape arrest, blew and a magazine and he and five officers , 1 works, woman were killed by the explosion. Myers, wife and child were near murdered Henry by a negro with an ax f Cypress, William Tex. Patterson, a white Westville, farmer, lynched by a mob at $ was Miss., for killing his son-in-law. The malting plant of the David was Brewing company being , burned Stephenson at Oswego, N. Y., the loss over $300,000. terrific windstorm did great dam- du I A at Marinette. Marshfield, Fond age other Wisconsin towns. Lac Fred and Sudderby. an engineer. William and an engineer's helper. marshal McCarthy. Estabaugh. ex-city at Gladf Joseph were drowned while bathing t stone,Mich. municipal council of New and York vile The has prohibited swearing and public city on the streets arrest and language places under penalty of e h fine. in Newport. Ky. destroyed dwellings the Livezy Fire anwmill and 30 small $130,000. e t Loss, S. Heath. first assistant post Perry general. has been authorized bank of n master the First "national $150,000. II establish with a capital of Susie Kee Honolulu Keel. Emma Keel, ranging t Lucy Steener Bauer, their ages drowned a e and 20 years, were in th t Salt from Lake 15 to City while bathing e e lake. men were struck while by lightning seeking Boorton, N. J. and shelter Four instantly from a storm killed under a tree nea i1. r PERSONAL AND POLITICAL. was lieutenan Kirk, who 1862 Robert C. from 1860 to governor of Ohio Mount Verner


Article from The Worcester Spy, November 16, 1898

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Article Text

HAMPSHIRE SAVINGS BANK. The Second Report of the Receivers Before Judge Knowlton. Boston, Nov. 15.-The second report of R. W. Irwin and Benjamin E. Cook, Jr., receivers of the Hampshire Savings Bank of Northampton, was before Judge Knowlton in the supreme court today. The issues involved the allowance of the report, the perpetuation in office of the receivers and the winding up of the affairs of the defunct institution. The first matter was sought by the receivers and the other two by the bank examiners. At the hearing it became known that a number of the depositors desire to curtail expenses by reducing the number of the receivers to one and a committee was appointed today to ask the court to comply with the wishes of those depositors, but Judge Knowlton declined to reduce the number of receivers. He ordered Assistant Attorney General Hammond to draw up a decree making the appointment of the receivers permanent and authorizing them to wind up the affairs of the bank. The report of the receivers shows that the report of Lewis Warner, treasurer of the bank, showed that the loans of the bank aggregated $1,063,000, when as a matter of fact they amounted to only $826,345, making a deficit of about $200,000. The liabilities are $1,548,051.01 and the gross assets foot up $1,600,000. The receivers find that after verification of the depositors' pass books the amount due to the depositors is $1,547,717, and not $1,413,317 as represented by Warner. The discrepancy in this instance is $134,561.


Article from Daily Kennebec Journal, December 10, 1898

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Article Text

A Pleasant Christmas Present. Springfield, Mass., Dec. 9.-Receivers Irwin and Cook of the Hampshire Savings Bank of Northampton, sprung a surprise on the depositors of the defunct institution, today. by petitioning the court for permission to pay a 40 per cent. dividend before Christmas.


Article from The Daily Morning Journal and Courier, December 29, 1898

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Article Text

WARNER IS ON TRIAL. The Ex-Cashier of the Hampshire Savings Bank. Northampton, Mass., Dec. 28.-It took some time after the opening of the superior court this afternon to impanel a jury in the embezzlement case of Lewis Warner, ex-cashier of the Hampshire Savings bank. The men finally selected with one exception are residents of towns outside of Northampton. The first witness called was B. E. Cook, one of the receivers of the Hampshire Savings bank. He had a book of records of the bank and its admission as evidence was strongly objected to by W. N. Brooks, one of Warner's counsel. The book was finally admitted. H. A. Kimball, a former trustee of the bank, was next called and identified the book and some entries in Warner's handwriting. These were the only witnesses examined this afternoon. Many objections were taken by the defense. Warner's appearance was pitiable and at time it was necessary for the deputy sheriffs to support him.


Article from Daily Kennebec Journal, March 27, 1899

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Article Text

Receivers R. W. Irwin and B. E. Cook of the Hampshire savings bank of Northampton, Mass., applied to Judge Hammond in the supreme court. Saturday, for leave to pay a dividend of 25 per cent. The court issued an order of notice returnable on April 17. The receivers have about $400,000 in their hands. They expect to pay another dividend of 10 per cent. some time in the near future. This is the bank which was wrecked by Lewis Warner.