Weymouth Savings Bank - Weymouth, MA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: May 20, 1879
Location: Weymouth, Massachusetts (42.221, -70.940)

Metadata

Model: gpt-5-mini
Short Digest: a055caf8

Response Measures

None

Description

Article (New-York Tribune, 1879-05-21) reports the Savings Bank Commissioners issued an order restricting Weymouth Savings Bank payments to 10% each six months (partial suspension/limitation by regulators). No explicit run, receivership, or permanent closure is mentioned in the article. I classify this as a regulatory suspension; because the article gives no information about permanent failure, I record as suspension_reopening (suspension with no reported failure).

Events (1)

1. May 20, 1879 Suspension

Cause: Government Action
Cause Details: State Savings Bank Commissioners issued an order limiting payments to 10% every six months (regulatory restriction).
Newspaper Excerpt: The Savings Bank Commissioners to-day issued an order restricting the payments of the Weymouth Savings Bank to 10 per cent for each six months.
Source: newspapers

Newspaper Articles (1)

1. May 21, 1879 New-York Tribune New York, NY

Article from New-York Tribune, May 21, 1879

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Article Text

TELEGRAPHIC NOTES. THE FIRST CRATE OF PEACHES. MACON, Ga., May 20.-The first crate of Georgia peaches left here to-night for New-York. IN BLAST AGAIN AFTER THREE YEARS. PORT KENNEDY, Penn., May 20.-The Montgomery furnace of this place. which has been out of blast since July, 1876, will be blown in next mouth. AUDITOR MAYNARD'S SUCCESSOR. SAN FRANCISCO, May 20.-The Board of Supervisors has this afternoon elected Cohn M. Boyd, deputy county clerk, auditor, vice Maynard, deceased. THE LAUNCH OF BOUCICAULT'S YACHT. NEWBURG, N. Y., May 20.-Dion Boucicanit's steam yacht Shaughrann, the largest pleasure craft owned in this country, was successfully launched by Ward, Stantou & Co., her builders, at this city to-day. A TUNNEL ADVANCING AT A RAPID RATE. SAN FRANCISCO, May 20.-The sub-drain in the Sutro Tunnel for the week ending May 15 has made 2,922 feet of progress. The total of the completed excavation on that date was 9.367 feet. Over 1,200 men are employed. WELCOMED WARMLY TO HARRISBURG, HARRISBURG, Penn., May 20.-The fifty-sixth annual session of the Grand Lodge I.O.O.F. of Pennsylvania, convened this morning in the Grand Opera House. Addresses of welcome were made by Mayor Patterson, Governor Hoyt and Past Grand Master Robert R. Lamberton. A RAILWAY MISSION TO CHICAGO. MONTREAL, Ont., May 20.-Sir William Tyler and other leading officials of the Grand Trunk Railway left here this morning by a special train for Detroit and Chicago, where they go determined to secure an independent through connection with Chicago, 80 as to be independent of the Michigan Central and Vanderbut line. SAVINGS LOCKED UP PRETTY EFFECTIVELY. WEYMOUTH, Mass., May 20.-The Savings Bank Commissioners to-day issued an order restricting the payments of the Weymouth Savings Bank to 10 per cent for each six months. At the last report the bank had $831,963 70 ou deposit, divided among 2,335 depositors. The withdrawals of the previous year amounted to $112,940 51, and the de. posits to $17,431 23. THREE SMART RACES AT LOUISVILLE LOUISVILLE, Ky., May 20.-The first race to-day was one and a quarter miles dash, and resulted in a dead heat between Fortuna and Gleamore, with Keene Richards, Jr., third. Time, 2:10's. Lord Murphy won the Derby: Falsetto second, Strathmore third, Trinidad fourth, One Dime fifth, General Pike sixth. Time 2:37. The third race was won by King Faro against ten others. Ella Rowell won the second heat by a nose in the quick time of 1:42 4. Lord Murphy's time was the quickest ever made in the Kentucky Derby: