8194. Northampton Bank (Northampton, MA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 5, 1898
Location
Northampton, Massachusetts (42.325, -72.641)

Metadata

Model
gpt-5-mini
Short Digest
f062b1ec

Response Measures

None

Description

Articles report appointment/application for receivers for the defunct Northampton (Mass.) bank and link the failure to large embezzlement by Lewis Warner (shortage ~ $600,000). No mention of a depositor run or reopening; bank placed in receivership and effectively closed.

Events (2)

1. May 5, 1898 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Application for receivership following discovery of large shortage/embezzlement tied to Lewis Warner; bank described as defunct and in receivers' hands shortly thereafter.
Newspaper Excerpt
An application has been made for the appointment of receivers for the defunct Northampton (Mass.) bank.
Source
newspapers
2. July 24, 1898 Receivership
Newspaper Excerpt
I see by the papers that the banks are in the hands of receivers, and all my property has been sold off to pay part of the shortage. ... the shortage must be over $600,000. (Lewis Warner statement, July 24-25, 1898).Shortage of $600,000. is the article headline context in The Saint Paul Globe, July 25, 1898.Shortage of $600,000. Warner ... said the banks are in the hands of receivers. Warner ... the Massachusetts bank wrecker ... said the banks are in the hands of receivers (The Saint Paul Globe, 1898-07-25).An application has been made for the appointment of receivers for the defunct Northampton (Mass.) bank. (Evening Journal, 1898-05-05). (Combined excerpts showing receivership/receivers appointed.)
Source
newspapers

Newspaper Articles (3)

Article from Evening Journal, May 5, 1898

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Article Text

Table of Percentages. W. L. P.C. 2 8 Baltimore .800 .786 3 Cincinnati 11 5 .667 10 Cleveland 7 4 .637 Brooklyn 8 .616 5 Chicago 572 6 8 Boston 7 9 437 Pittsburg 5 .417 7 Philadelphia 4 7 New York .364 5 .313 11 Louisville 3 9 .250 Washington 2 .167 St. Louis 10 CONDENSED DISPATCHES. The National Congress of Mothers is in session at Washington. An application has been made for the appointment of receivers for the defunct Northampton (Mass.) bank. John Glynn, 14 years old, while playing ball in the street at Middletown, N. Y., ran in front of a trolley car. He was run over and instantly killed. The second trial of Mrs. Olive Adele Sternaman, charged with the murder of her husband by poisoning him, commenced at Cayuga, Ont., yesterday. Nearly 400 structural iron workers at Buffalo have struck for an increase in their wages from 25 to 30 cents an hour. Work on the new postoffice and armory is delayed in consequence. The sixty-fifth annual national convention of the Psi Upsilon college fraternity convened at the West hotel, in Minneapolis, yesterday. Delegates were present from all the 21 chapels except one. W. A. Kin, formerly a sergeant of police in Chicago, was arrested in the militia camp at Springfield, Ills., on a charge of robbing W. T. Harkness, secretary of the Anaconda Mining company, in New York, The robbery is said to have occurred two weeks ago. Hotel Shikellimy, a large summer hotel situated on Susquehanna heights, Sunbury, Pa., was totally destroyed by fire yesterday afternoon. The structure was owned by Drumheller Bros. of that place and was just being put in shape for the summer season. The loss is placed at $50,000. on which there is an insurance of $19,000. The origin of the fire is a mystery.


Article from The Wilmington Daily Republican, July 25, 1898

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Article Text

OLD GLORY, A FLAG WORTH DYING FOR Cuban authorities.' BANK WRECKER WARNER. IIe Does Not Wish to Face the DoA CUBAN PROTEST frauded Depositors. st the Action of Our Government in Louisville, Ky., July 25.-Louis Warner, the Massachusetts bank wrecker Retaining Spanish Officials who was captured here Saturday, talkin Office. ed freely at the city jall with a press tiago de Cuba. July 25.-The Curepresentative regarding his case. Warhere resent General Shafter's atner spent a restless night in his cell. e in ignoring General Garcia and He arose several times during the fusing to allow the Cuban troops night and walked to and fro across ter Santiago or to consult General the floor, running his hands nervously a on the terms of the surrender through his hair. He was up bright ) city. and early yesterday morning and asked eral Garcia's action in withdrawthe turnkey if they could not allow is troops into the interior, his lethim to sit in the parlor a while before General Shafter and his resignabreakfast. The privilege was granted, of his command, forwarded to and he seated himself comfortably in al Gomez, are approved and apan easy chair. He bought all the ed by all classes of natives. Genmorning papers and read carefully Garcia refused to accept a subevery line that had been written about him. to place, insisting that he was an General Shafter's answer, saying "I guess I am the worst man in the his was a war between the United United States," said he laughingly. I and the kingdom of Spain, irDetective Tom Maher, to whom Wartive of Cuba's individual interner first confessed his identity. says the nd President McKinley's instrucembezzler offered him $10,000 in cash with reference to the administo release him. h of the surrendered district, pubWhen seen at the jail yesterday afhere, are interpreted as a tacit ternoon Warner was in good spirits. I of American intentions to an"I suppose you want me to tell you le island and not to grant inleall I know." said he laughingly. "I ce. This is opposed by the Cuwill not do that, for then you would know as much as I. But I will talk to eeting was held Saturday afteryou. 1 do not intend to touch on my ret the San Carlos club to dismiss lations with the Northampton bank, atter and it is probable that a except to say that I am Lewis Warner, I will be drawn up, which will be and am wanted for embezzling a large ted. It is understood that many amount of money. 1 do not know the ere present at the meeting faexact amount. From all accounts, the scheme of a protectorate by however, the shortage must be over ited States, with eventual an$600,000. Furthermore, I do not intend n ter five or six years, but the to say how I lost my money and beis on a matter of principle, the came so entangled. It is sufficient to bjection being the continuation say that I am charged with embezzling le of Spanish officials appointed the funds of the banks. I see by the lrid, on the ground that Spanpapers that the banks are in the hands as conquered, should not be of receivers and all my property has with authority over Cubans, the been sold off to pay part of the shortand coadjutors of the United age. My residence was one of the and the representatives of a free finest in Northampton I hate to think ependent people. Such is underthat my old home is gene, but that is O have been the tenor of the only one of the things which trouble me. My manufactories not bring more than one-fifth of the total indebtedness of the banks." "Have EERED OUR FLAG. money now?' Water asked. Prisoners of War Pay Tribute to "I have not a dollar," replied WarDld Glory As They Leave ner. "I am penniless, and it hurts me very much to deny myzelf the many Brooklyn For Home. luxuries which I formerly enjoyed." York, July 25.-Prisoners of war "Do you want to be taken to Northampton?" the flag of their captors was usual sight witnessed at the "Well, I can't say that I do," replied Warner. "I hate to face these ock in Brooklyn yesterday. The who were depositors in the banks. It as all the more significant as will be difficult for me to go among the rs came from Spanish throats. people who 80 often honored me and 54 prisoners captured on the I elected me to positions of trust. ze steamers now in port were should much rather be taken to Bosi sall for home under the Britten." / o They were on board the Hes-


Article from The Saint Paul Globe, July 25, 1898

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Article Text

SHORTAGE OF $600,000. Warner, the Massachusetts Bank Wrecker, Practically Admits. LOUISVILLE, Ky., July 24.-Lewis Warner, the Massachusetts bank wrecker, who was captured here yesterday, talked freely today regarding his case. He said: "I do not intend to touch on my relations with the two Northampton banks, except to say that I am Lewis Warner and am wanted for embezzling a large amount of money. I do not know the exact amount. From all accounts, however; the shortage must be over $600,000. Furthermore, I do not intend to say how I lost my money and became entangled. It is sufficient to say that I am charged with embezzling the funds of the two banks. I see by the papers that the banks are in the hands of receivers, and all my property has been sold off to pay part of the shortage. My residence was one of the finest in Northampton. I hate to think that my old home place is gone for good, but that is only one of the things which trouble me. My manufactories cannot bring more than one-fifth of the total indebtedness of the banks." "Have you any money now?" was asked. "I have not a dollar," replied Warner. Detective Maher, to whom Warner first confessed his identity, says the embezzler offered him $10,000 in cash to release him. Maher says he and Warner were sitting in Capt. Sullivan's private office. Warner drew his chair close to Maher, and placing his hand on the officer's shoulder, said: "If you will let me go, I'll give you $10,000 in cash. I have not the money now, but will get it in short order."