Article (Oct 30, 1879) reports that Gen. Coggswell, acting as Receiver of the Sandwich Savings Bank, embezzled $12,000. This indicates the bank had a receiver (i.e., was closed/in receivership) due to adverse bank-specific problems. No run is mentioned.
Events (1)
1.October 30, 1879Receivership
Newspaper Excerpt
Gen. Coggswell, Speaker of the Massachusetts Senate, embezzled $12,000 while acting as Receiver of the Sandwich Savings Bank.
Source
newspapers
Newspaper Articles (1)
1.October 30, 1879The Bossier BannerBenton, Bellevue, LA
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Article Text
Another rotten pillar of Republi-
canism has fallen. Gen. Coggswell,
Speaker of the Massachusetts Sen-
ate, embezzled $12,000 while acting
as Receiver of the Sandwich Savings
Bank.