8643. Mercantile Bank (Bangor, ME)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 11, 1876
Location
Bangor, Maine (44.801, -68.778)

Metadata

Model
gpt-5-mini
Short Digest
db0c3212

Response Measures

None

Description

Stockholders voted to surrender the charter and close the bank (voluntary winding up). No runs or government receivership mentioned. Two newspapers (Mar 11 and Mar 18, 1876) report the same decision. Bank type not explicitly stated in articles.

Events (1)

1. March 11, 1876 Suspension
Cause
Voluntary Liquidation
Cause Details
Stockholders voted to surrender the charter and close the business; voluntary winding up of the bank.
Newspaper Excerpt
at a meeting of the Stockholders of the Mercantile Bank in Bangor, held on Thursday afternoon, it was voted to surrender the charter and close the business of the bank as rapidly as consistent with the interests of the stockholders.
Source
newspapers

Newspaper Articles (2)

Article from Daily Kennebec Journal, March 11, 1876

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Article Text

A fellow in Portland didn't want to be removed from his home of squalid poverty to the Maine General Hospital, because he wanted to "stay where he could spit on the floor." At a meeting of the Stockholders of the Mercantile Bank in Bangor, held on Thursday afternoon, it was voted to surrender the charter and close the business of the bank as rapidly as consistent with the interests of the stockholders. The present Mercantile Bank was chartered in 1859. It took its name from the old Mercantile Bank, chartered in 1833 and whose charter expired in 1857. The Bowdoin College medical term has now been in session a little over two weeks. The class is a large one, numbering somewhat over eighty. "II M. Wentworth & Co.'s Spring Works at Gardiner, are doing a fair business; and their axle works are running their full capacity, and have orders for a long time ahead. The work turned out by this company has a high reputation. The question of the hall at Camden is settled after much strife. At a meeting of the Village Corporation, on Tuesday evening, the amendment to the charter, authorizing the building of the hall was accepted by a vote of 169 in favor to 89 against. The edifice will be at once erected. Caleb P. Marsh of New York, the witness against ex-Secretary Belknap, is a partner of the firm of Cary & Co. Mr. R. G. Cary, the senior partner, was formerly a citizen of Bangor, and was proprietor of the Dwinel House, says the Whig. The Ellsworth American says that an outrage was committed in Franklin on Saturday night last. A party of some twelve or fifteen roughs having disguised themselves, made an attack on the dwelling house of Green Scammon, a respectable citi. zen of that town, broke in the windows and door, took the wife of Mr. Scammon from bed, ordered her to dress and then carried her and her child, three years old to the neighboring town of Han. cock. It is supposed that the ring leader was actuated by some selfish or revengeful purpose and maddened his confederates with rum who then perpetrated these disgraceful acts. A lady in Winterport, who this year celebrated her thirteen h birth day, has a daughter married. The 29th of February doesn't come very often.


Article from The Portland Daily Press, March 18, 1876

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Article Text

STATE NEWS. CUMBERLAND COUNTY. A party of eight from Bridgton, caught 45 cusk from Sebago Lake in one night recently. One of the fish weighed eight pounds. A widow lady, living near Bridgton, had a lively experience with a tramp the other day. Her daughters were away, and the was alone. Tramp advanced boldly to the front door, to enter without ceremony, but he found the door bolted. Tried another door, but found that likewise barred. He then cooly seated himself in the shed and sat, and sat, as if permanently located. She opened the door and civily 10 quested him to depart. He muttered a low curse, and then, in a louder voice, and with a ferocious look, said be would not. The widow He then peremptorily ordered him to leave. made no motion. She seized a long handled dipper, and filling it with boiling water from the huge open kettle, advanced upon the enemy. It 18 needless to say the trampimmediately disappeared around the corner of the house. The Bowdoin Orient editors for the coming year are as follows: A. Perry, C.1 B, Seabury, Cousins, G. T. Little, J. . E Chapman, E W. W. C. Green, W. T. Cobb. There are now ninety-three students attending medical lectures at the Maine Medical School. KENNEBEC COUNTY. Dr. John Bush, who died in Vassaltoro' recently, at the age of 83, was a graduate of Bowdoin, class of 1814. Through the encouragement of Rev. O. M. Cousens a lodge of Good Templars with sixty members was instituted in Sidney Tuesday, the A. 14th. The lodge takes the name Sebago H. Reynolds presiding officer. Mr. Cousens also aided .in establishing a similar lodge at Vasselboro' on Thursday evening the 16th. E. W. Dunham was elected chief. Work has been suspended at the jail workshop in Augusta until the April session of the Commissioners. It is expected that the prisonwill be set at work on a cheaper variety of goods. ers Chas. H. Dunham will take the place of his father as superintendent. The Augusta Reform Club have now 400 names enrolled on the "Iron clad.' OXFORD COUNTY. Wednesday afternoon the 15th. M.W.G. Master B. C. Stone, assisted by R. W Marshall Byron Kimball, installed a Lodge of Odd Fellows at West Paris, to be known as West Paris Lodge No. 15, PISCATAQUIS COUNTY. The Supreme Court at Dover adjourned finally on Friday, after a session of a little less than two weeks, much shorter than usual. This we believe is the first term of court that Judge Wm. Wirt Virgin ever held in this county and he has given great satisfaction. PENOBSCOT COUNTY. The Sunrise says that Mr. A. H. Turner of Glenburn, as he was returning from singing school fell on the ice and broke his right arm. The arm was doing very well, when he again slipped on a door step, striking on his head. His skull was this time fractured; and he is now lying in a critical condition. He is decover. ranged; and it is feared that he never will reMr. C.E Miles of Oldtown, who is scaling for parties in Bangor, was seriously injured short time since. While descending steep declivity be slipped and received a severe fall, which caused a severe fracture of the left shoulder, and in this condition be walked several miles before he reached camp. Abbott's woolen mill in Dexter will commence running on full time next month. At a meeting of the stockholders of the Mercantile Bank of Bangor, Wednesday, it was voted to surrender the charter and close the business of the bank as rapidly as consistent with the interests of the stockholders. The present Mercautile Bank was chartered in 1859, It took its name from the old Mercantile Bank, chartered in 1833 and whose charter expired in 1857. SOMERSET COUNTY. The Lynn Praying Band are meeting with good success at Skowhegan, where five of their number have been laboring for several days. Victor Grange at Fairfield Center, numbers nearly 100 working members. The March term of the S J. Court for this county commences next Tuesday at Skowhegan. Judge Virgin is to preside The continued docket contains 598 .cases and we understand that there are a large number of new cases to e entered at this term. The Skowhegan Reform Club numbers 282 members. The pledge has received 700 signatures. At the Sunday evening meeting in Coburn Hall over one thousand people were assembled. No member has yet violated his pledge. WASHINGTON COUNTY. The ladies of Calais gave a masquerade ball for the benefit of the St. Croix library and realized the sum of $240.26, which has been handed to the treasurer. YORK COUNTY Alfred jail received a visit from Burnham Wardwell recently. He says he found. the jail clean and tidy, and the prisoners orderly and respectful He says clergymen seldom if ever, visit this iail and that no religious services are held there on Sunday or on any other day. Capt. Mark Priuce of Saco, a prominent Odd Fellow and Knight Tempiar, died suddenly Wednesday evening the 15th. He was 64 years of age. The fourth term of the Free High School of Sanford is now in session, and is attended by eighty-one scholars. District Ne. 2 sends the 8 largest number, forty-seven, and District No. the smallest, one. David Fernald, for many years a prominent citizen of Saco, died Saturday, March 11th, at the advanced age of 83 years. Benjamin Adams of Saco had a cataract re moved from one of his eyes by Dr. GreeLe at the Maine General Hospital and is now doing well. There were four fires in Biddeford Monday night the 13th. The loss, however, was slight,