8724. American Bank (Hallowell, ME)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 14, 1881
Location
Hallowell, Maine (44.286, -69.791)

Metadata

Model
gpt-5-mini
Short Digest
8d947710

Response Measures

None

Description

The articles describe the American Bank of Hallowell as having failed and having receivers appointed (historical failure around the 1860s–1870s). No run is described. Receivers were still acting in 1881 when they burned cancelled bank bills ($65,332). Thus this is a suspension/closure with receivership. Bank type is inferred as a state-chartered bank (name lacks 'National' or 'Trust'); if uncertain, could be 'unknown'.

Events (2)

1. January 14, 1881 Other
Newspaper Excerpt
The Receivers of the American Bank, Hallowell, by order of the S. J. Court, last week burned bills of that bank to the amount of $65,332. They were burned by the Receiver, Judge Baker and Major Rowell, in presence of E. K. Butler and Thomas Hovey, Esq. as witnesses.
Source
newspapers
2. * Receivership
Newspaper Excerpt
During the life time of this policy, said Bank failed, and Henry K. Baker, Eliphalet Rowell and Simon Page were appointed receivers of the same, and your petitioner turned over this policy with other papers and assets of the bank to them
Source
newspapers

Newspaper Articles (3)

Article from Daily Kennebec Journal, September 25, 1880

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Article Text

Legal Abbertisements. To the Honorable Justices of the Supreme Judicial Court next to be held at Augusta, in and for the county of Kennebee, on the third Tuesday of October, 1880. American Bank, then doing business at HalThe undersigned respectfully represents that the lowell in said county, in September, 1865, caused the ship Alexandrine to be attached as the property of Henry Cooper, Jr., and others who were then in. debted to the Bank: and about the same time, said Bank ordered your petitioner to cause said ship to be insured for their benefit for the sum of rix thou-and dollars ($6,000) in the Piscataqua Fire and Marine Insurance Company. This was done in the name of your petitioner, and he gave hts individual note for the premium amounting to one hundred and thirtysix dollars ($136.) During the life time of this policy, said Bank failed, and Henry K. Baker, Eliphalet Rowell and Simon Page were appointed receivers of the same, and your petitioner turned over this policy with other papers and assets of the bank to them: and when he was subsequently called upon by the Insurance Company to pay this note, h notified said receivers of all the facts in the case and requested them to take charge of it, and relieve him from all liability on account of the same; but said receivers while not denying that they ought to relieve your petitioner and assume the liability, if any there was, refused to pay said note to said Insurance Company for the reason the company was insolvent at the time they issued the policy. Consequently the note remained unpaid and was sued and the writ was returnable at the Supreme Judicial Court in and for the county of York at Sep. tember term 1868. At that term, S. C. Harley, an attorney at law located at Hailowell, answered to the suit, but before the next term in January following said Harley died, and 1.0 further answer was made to said action, and it was defaulted at the said la-t named term for $160.86 debt and $14.91 costs, and an execution was issued March 2nd 1869, June 1-t 1872 and others in 1873, 187+, 1875, 1877, 1879 and 1880. On the last named execution your petitiouer was arrested and gave a six months bond which is still in force. Your petitioner is informed and believes that said receivers have suffi ient fund. in their hauds, belonging to the An emean Bauk, to pay or compromise this judgment and execution, and fully indemnify and relieve him from any further costs or expenses in connection with the same. Wherefore he respectfully prays that after due notice to said receivers, they may be au horized and ordered to adjust this debt and fully release and discharge your petitioner from the same and for the costs of this proceeding. ALEXANDER H. HOWARD. Augusta, Me., Sept. 7, 1880.


Article from Daily Kennebec Journal, January 14, 1881

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Article Text

The Receivers of the American Bank, Hallowell, by order of the S. J. Court, last week burned bills of that bank to the amount of $65,332. They were burned by the Receiver, Judge Baker and Major Rowell, in presence of E. K. Butler aud Thomas Hovey, Esq. as witnesses.


Article from The Portland Daily Press, January 15, 1881

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Article Text

STATE NEWS. ANDROSCOGGIN COUNTY. While Mr. Chas. Knowlton was chopping wood in West Auburn a few days ago, he was dangerously injured by a tree falling upon him. A five year old child of Geo. Burham of Leeds fell into a tub of hot water a few days ago and was very dangerously scalded. The Ricker Brothers shipped 150 barrels of Poland water last week-a larger quantity than ever before in the same time. Business in the Auburn shoe factories is slowly picking up. The shipments are not as heavy as at this time last year. Last year the business commenced with a boom which did not hold out through the year. This year the manufacturers think the business will begin firm and remain steady to the close. The total number of cases shipped this week is 950. CUMBERLAND COUNTY. The Oriental powder mills at Gambo are running briskly and have orders for all the powder they can make. During the drouth last fall Sebago Lake was lower than for many years, and a number of very large teeth of some animal long ago native of Maine forests, were found imbedded in the sand at low water mark. The largest were about three inches long by two wide. It is believed they belonged to the moose. The manager of the Grand Trunk railway has solicited an interview with the railway committee of Bridgton. The latter have reported in the affirmative, and will meet with him next Tuesday at Norway. KNOX COUNTY. The house in Rockland belonging to Wm Spofford was badly damaged by fire on Monday. KENNEBEC COUNTY. The recoivers of the American Bank at Hallowell have burned by order of the court bills to the amount of $65,332. SAGADAHOC COUNTY. Capt. Wm. Lewis of New Bedford, Mass., has contracted with Messrs. Goss, Sawyer & Packard of Bath, for the building of a third steam whaler to be employed in the Arctic Ocean rishery, the success of steam in those waters having been de constrated by the large catch of the Mary and Helen last season. The new ship will be called the North Star, and will register 700 tons. WASHINGTON COUNTY. Since Nov. 26th up to the present time this season there have been 54 cargoes of frozen herring shipped from Eastport, containing about 12,500,000 herrings. There has also been some 5000 barrels shipped by steam. The grand jury have found an indictment against Wm. and Fayette Shaw of Boston and Brockley Shaw of Montreal, for violating the steamboat law in running the steamer Fanny Bates, transporting passengers on Grand Lake without examination or inspection. In 1879 the boiler burst, blowing Henry Fleming into the air, from which he sustained permanent injury, for which A. McNicol has brought suit for $20,000. The defendants are all out of the state, but unless they appear to answer to the indictment County Attorney Rounds will apply for a requisition. YORK COUNTY. The Saco Republican is dead. 20,000 tons of ice will be cut on the Saco this season. A two story double house, barn and outbuildings belonging to Moses Furbish of North Berwick, were totally destroyed by fire last Thursday night. The buildings were owned by Ed. Goodwin: insured to the amount of $2,500. The buildings of Jerome W. Cole in Cornish were burned Thursday morning. The whole stand, consisting of a two story house and L, shed and barn, was entirely consumed together with hay, grain and provisions. The stock and nearly all the furniture were saved. Well insured. Walter R. Brown, the Boston broker who was killed last week by falling down a flight of steps, was a resident of Kittery Point and the owner of the well known Sparhawk mansion. The new academy in Limerick is nearly completed. The first term will begin Feb. 21st, with Walter E. S. Preston, A: B., of Sutton, N. H., as Principal.