Lafayette Bank - Bangor, ME

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 2, 1841
Location: Bangor, Maine (44.801, -68.778)

Metadata

Model: gpt-5-mini
Short Digest: 75cd8733

Response Measures

None

Description

Article (Lincoln Telegraph, Apr 8, 1841) reports the Legislature passed an act accepting the surrender of the charter of the Lafayette Bank, Bangor. This indicates a voluntary surrender/closure (charter surrendered) rather than a depositor run or regulatory suspension. Date of Senate action mentioned as April 2, 1841. No run or receiver explicitly described in the excerpt; classified as suspension leading to closure due to voluntary liquidation.

Events (1)

1. April 2, 1841 Suspension

Cause: Voluntary Liquidation
Cause Details: Legislature passed act accepting surrender of the bank's charter (voluntary winding up/charter surrender).
Newspaper Excerpt: An Act accepting the surrender of the charter of the Lafayette Bank, Bangor. Passed to be enacted
Source: newspapers

Newspaper Articles (1)

1. April 8, 1841 Lincoln Telegraph Bath, ME

Article from Lincoln Telegraph, April 8, 1841

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Article Text

in This would give a population of about 4500 in Aroostock. In a sparse population, this mav not be an accurate rule, but it will be found pretty nearly correct, when we consider the number of soldiers at Fort Fairfield and other places in the County. Mr S. Cary read from the Constitution and replied to Mr Otis. He contended that the clause of the Constitution excluding soldiers, has exclusive reference to Electors, and not to apportionment of Representation. is Mr White advocated the motion to recommit. He felt 11 great interest in the pioneers, and was disposed to go to the utmost limits the Constitution will admit to give them their full share of representation. On motion of Mr D. Dunn, the yeas and nays were ordered, and the motion was rejected by the following vote yeas 79, nays 94. The amendments of the Senate were then taken un. The amendment changing the limits of the 7th and 8th Senatorial districts (Hancock and Wash. ington) was concurred in. Mr Hinckley moved that when the House ad. journ, it adjourn to meet at half past two this afternoon, which was agreed to. Bill additional to establish Maine, New Hampshire and Masazehusetts Railroad Corporation was read twice and to-morrow assigned On motion of Mr J. Otis, the House adjourned HOUSE AFTERNOON The Apportionment resolves were taken up, the question being on concurring with the Senate in amending the resolves so as to give Acton and North Berwick a separate representation. The House concurred in the amendment, year 95 -nays 74. The next amendment varied the apportionment in Lincoln County. Mr Andrews oposed the amendment, because it gives towns separate representation which have not asked for it. He called for information. Mr E. Otis said the amendment was fairer than the report of the committee, and he preferred it for that reason. The amendment was concurred in without dis. sent-as was also the amendment changing the clas Egification of Brooks, Swanville, Monroe and Jackson. Amendments in Hancock and Washington Counties as were also the amendment inserting Riley in the Bethel and Newry district in Oxford. The only remaining amendments related to the title of resolves. They were also agreed to. In SENATE, THURSDAY, April 1. Reference to next Legislature-Petition of the (inhabitants of Waldo Plantation; petition of inhabi tanta of Madrid The Senate reconsidered its vote passing to be (engrossed a hill to establish a Free Ferry in Augus ta. In the HOUSE, Mr Morse, by leave, introduced bill authorizing the- inhabitants of Bath to erect Bridge over New Meadows River and to raise money therefor. Bill concerning Banks and Banking was read an to-morrow assigned. Mr Washburn. from the conferees on the County Officer bill, reported recommendation to the House to recede and coneur with the Senate. The report was laid on the table. Mr Washburn moved to recede and concur-lost 72 to 79. The motion to adhere then prevailed-yeas 95 @nays 54. Resolves apportioning Senators and Represent Statives for the State came up on their final passage. Mi Dunn of Poland called the yeas and nays which were ordered. The question was then taken, and the bill passed to be enacted,-year 93, mays 70. Bill additional to establish the Maine, New Hampshire and Massachusetts Rail Road Corporation was taken up, and the amendment of the Senate depopted. After some explanations from Mr Paine, it was passed to be engrossed. In SENATE, FRIDAY, April 2. A bi!I to prevent wagering on Elections was called up and debated by Messrs Burbank, Daveis, (Sewall, Lane and Hammons. The bill was pass. ged to be Passed engrossed. be engrossed-An to Act to prevent betting or on extend the time the Kennebee of locating wagering and constructing elections--to and Portland Rail-road-an Act accepting the surrender of the charter of the Lafayette Bank, Cangor. Passed to enacted-) Bills to establish the Maine, Massachusetts and New Hampshire Rail-road Corporation In the HOUSE, Leave of absence was granted to Hessrs. Paine and Cotter, from and after Saturday, and to Messrs. Clements and I. K Kimball from and after Monday. Bill introduced by Mr. Morse of Bath, authorizing the town of Bath to build a bridge across New Meadows river and raise money for the same, was read twice and to-morrow assigned. Mr. Mathews moved to reconsider the vote assigning Saturday for the second reading of the 1001 was was by advocated introduced by Mr. and by Mathews, Mr. D. Morse. and and The motion opposed Messrs. Morse Denn, negatived.