8250. Bristol County Savings Bank (Taunton, MA)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
savings bank
Start Date
May 7, 1878
Location
Taunton, Massachusetts (41.900, -71.090)

Metadata

Model
gpt-5-mini
Short Digest
112aa629

Response Measures

None

Description

Articles (dated May 7, 1878) report the Savings Bank Commissioners applied for a restrictive order on Bristol County Savings Bank, Taunton, permitting scheduled payments of 15% for each half-year. This is a regulatory restriction (partial suspension) rather than a depositor run; no receivership or permanent closure is mentioned. Corrected OCR typos: 'Bristo' -> 'Bristol', 'Tauton' -> 'Taunton'.

Events (1)

1. May 7, 1878 Suspension
Cause
Government Action
Cause Details
State Savings Bank Commissioners applied for a restrictive order limiting payments to 15% of deposits each half-year (regulatory action imposing a payment schedule).
Newspaper Excerpt
The Savings Bank commissioners applied for a restrictive order to the Bristol County Savings Bank, of Taunton, to-day, permitting the payment of 15 per cent. of the amount of deposits during the first six months, and 15 per cent. during the second six months.
Source
newspapers

Newspaper Articles (3)

Article from Evening Star, May 7, 1878

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Article Text

BUSINESS FAILURES. New England Savings Banks. BOSTON, May 7.-Judge Holt issued a decre yesterday, allowing the receivers of the Mer cantile Savings Bank to pay a dividend of 20 per cent. The Savings Bank Commissioners applied for a restrictive order to the Bristo County Savings Bank, of Taunton, to-day, permitting the payment of 15 per cent. of the amount of the amount of deposits during the first six months, and 15 per cent. during th second six months. A Broken Broker. PORTLAND, ME., May 7.-Geo. K. Davis, real estate broker, filed a petition in bankruptey yesterday. Hisliabilities are $160,000.


Article from Alexandria Gazette, May 7, 1878

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Article Text

office of collector of internal revenue and as. sistant treasurer at New Orleans, and as to the measures which have been taken by the government to enforce the same. The records of the Attorney General's office show that Whittaker was tried for embezzling public moneys and found not guilty. The Secretary of the Treasury, in his letter in compliance with the resolution, says that a suit is now pending against him in his collection account for $11,182.06. The amount of the original deficit was $1,076,797.29, which has been reduced to $680,891.53. Herbert W. Otis, with four other men and one woman, has been arrested at Beston charged with being concerned in the removal of a safe from the house of Ephraim Otis in South Seituate, last Monday night, and robbing it of thirty thousand dollars in bonds. Herbert W. Otis is a nephew of the party robbed, and a member of the firm of Merrick, Billings & Otis, druggists, of Boston, a concern which recently failed. He is supposed to have concooted the plan of the robbery. The plunder has been recovered. The Pensacola and Louisville Railroad was sold yesterday under foreclosure, and was purchased by J. F. Sullivan, holder of the first mortgage, amounting to $600,000. He is the President of the Pensacola Railroad Company, to whom the franchise and property of the old Company have been transferred. The price paid was $50,000 for the road, and from ten to twenty-five cents per acre for the land owned by the Company. In Boston, yesterday, Judge Holt issued a decree allowing the receivers of the Mercantile Savings Bank to pay a dividend of 20 per cent. The Savings Bank commissioners ap plied for a restrictive order to the Bristol County Savings Bank of Taunton, to day, permitting the payment of 15 per cent. of the amount of deposits during the first six months and 15 per cent. during the second six months. The New York Coaching Club's coach TallyHo, from Philadelphia, reached New York yesterday evening, driving up in front of the Hotel Brunswiek at ten minutes to six o'clook.Fifth avenue was thronged with private cquipages, and over 2,500 persons greeted the arrival. On the route up Broadway and Fifth Avenue the coaching party were lustily cheered. O'Donovan Rosa. says the last raid on Canada was the ruin of Fenianism, and that to strike Eogland through Canada would do Ireland no good. He pronounces the stories from Buffalo of a contemplated raid without foundation. Gen. Thomas F. Bourke and other prominent leaders make like assertions. Chaplain Henry Ward Beecher of the Thirteenth New York Regiment, will appear in uniform and on horseback on Decoration day, and is to deliver an oration in Brooklyn. Next Sunday he will preach to the members of the regiment. Rev. W. D. Morgan, pastor of the 3d Bap. tist Church of North Stoughton, Conn., was thrown from a wagon early this morning and instantly killed. He was returning from a Masonic meeting. A fire at Lectonia, this mornning, destroyed thirty thousand dollars worth of property, consisting principally of machinery and stock of the Grafton Furnace Company and freight cars. Insured for fifteen thousand dollars. The Methodist Episcopal Conterence in ses. sion at Woodstock, Vermont, has expelled the Rev. E. D. Hopkins from the ministry and membership of the Church on account of the charges of forgeries brought against him. A dispatch from the Coast Survey party at the summit stations, Sierra, Nevada, to the Academy of Science of San Francisco, says the transit of Mercury was completely observed yesterday. Plymouth church last night resolved to turn over to the examining committee members who have been absent three years; which means that Mrs. Tilton is to be dropped. About 60 colored laborers of Washington have promised to go to Brazil to work on a railroad now being built there. They expect to sail from Philadelphia this week. Hard crabs sell for five cents a dozen at Annapolis. The indications are that soft crabs will be plentiful. Marshall & Co's. organ factory, in Milwaukee, Wis., was burned this morning. Loss, between $25,000 and $40,000. The celebrated race horse Leamington drop. ped dead yesterday, at Chestnut Hill, Pa.Leamington was 26 years old. Geo. K. Davis, real estate broker, Portland, Me., filed a petition in bankruptcy yesterday. His liabilities are $160,000. The municipal elections in North Carolina yesterday resulted generally in favor of the democrats. Dr. Chancellor has returned to Baltimore much benefitted by his recent Southern trip. Government Bonds. NEW YORK, May 7.-The Tribune says:-


Article from The Dallas Weekly Herald, May 11, 1878

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Article Text

# Doard or electing officers for the Atlantic and Pacific at to-morrow's meeting, which shall include eight members of the Western Union company. MEMPHIS, May 8.-Tbis morning si storm passed over the city partially unroofing a number of business houses and the Peabody hotel, and blowing down Meacham's cotton shed. The damage by wind and water in $40,000. SAN FRANCISCO, May 8.-The will of Mr. O' Brien shows the value of his es tate to be six millions He gives to the Catholic Orphan Asylum, San Ra fael and Catholic and Protestant Orphan asylums in this city, fifty, thirty and twenty thousand dollars respec tively. COLUMBUS, GA., April 7.-Dr. R. U Palmer, the murderer of W. L. Salis bury, banker and proprietor of the In quirer-Sun newspaper of this city, was captured Monday afternoon in Russe county, Alabama, by two farmers, and is now in that county jail. AUGUSTA, Ga., May 9.-J. and K Bones & Co., of Rome, the second old est firm of hardware merchants in the state, suspended. They were quoter at $25,000; liabilities about $17.500 They hope soon to open and resume engagements in the Iron works. Spee ulation embarrassed them. PORTLAND, Me., May 9-It is ru mored that the Evans Rifle company of Mechanics' Falls, are filling larg orders for the Russians on the steame Cimbria. Sr. ALBANS, VT, May 7.-The Ad vertiser learns from N reliable soure that the fenian brotherhood of this section are getting into working order in view of the possibility of war be tween England and Russia. PORTLAND, ME, May 7.-George K Davis, real estate broker, has filed : petition in bankruptey. Liabilitie $160,000. NEW YORK, May 7,-Judge Donohue granted an order petitioned for by H J. Jewett, receiver of the Erie railroad It confirms his accounts, authorizes to surrender property to the new com pany, continues him as receiver to die charge his-indebtedness asreceiver and to defend and prosecute suits by an against him as receiver, and in othe respects discharged him. BOSTON, May 7.-Judge Holt issue 8 decree yesterday allowing the re ceivers of the Mercantile Savings bank to pay a dividend of twenty !per cent The savings bank commissioners ap plied for . restrictive order to the Bris tol county savings bank of Tauton, to day, permitting the payment of fiftee per cent. of the amount of the deposit during the first six months and fifteer per cent. during the second six months. LONDON, May 9.-The afternoo Echo publishes the following telegran dated Bluckburg OHLY URAN