8815. Skowhegan Savings Bank (Skowhegan, ME)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
November 13, 1875
Location
Skowhegan, Maine (44.765, -69.719)

Metadata

Model
gpt-5-mini
Short Digest
912b8594

Response Measures

Accommodated withdrawals

Description

Newspapers from Nov 1875 report depositors withdrew large sums because of the trouble with the Solon Savings Bank. Skowhegan managers paid out deposits (>$50,000) and were ready to pay all who may call; some redeposited. No suspension or closure is reported — classify as run_only. Date taken as newspaper publication date (1875-11-13).

Events (1)

1. November 13, 1875 Run
Cause
Local Banks
Cause Details
Withdrawals triggered by alarm over troubles at the nearby Solon Savings Bank.
Measures
Managers paid depositors (over $50,000) without requiring notice and stated they were ready to pay all who called; no suspension invoked.
Newspaper Excerpt
In consequence of the trouble with the Solon Savings Bank, many of the depositors in the Skowhegan Bank, became alarmed and commenced something of a run upon it... there have been paid to depositors within the last two weeks, more than fifty thousand dollars, the managers requiring no notice; and they say they are ready to pay all who may call.
Source
newspapers

Newspaper Articles (2)

Article from Daily Kennebec Journal, November 13, 1875

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Article Text

The people of Skowhegan have been making a foolish run on their savings bank, as will appear by the following from the Reporter: In consequence of the trouble with the Solon Savings Bank, many of the depositors in the Skowhegan Bank, became alarmed and commenced something of a run upon it, a few days since. We understand that there have been paid to depositors within the last two weeks, more than fifty thousand dollars, the managers requiring no notice; and they say they are ready to pay all who may call. Several who withdrew their funds have redeposited their money, feeling like the Frenchman: want their money if they cannot have it, but if they can have it they rather the bank would keep it. The managers of our bank are among our most honest men, and able financiers.


Article from Ellsworth American, November 18, 1875

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Article Text

in weight. J. P. Webber of Bangor and Hon. F. Webber of St. Albans have lately Bangor, purR I R Stockwell & Co., land thousand acres of Mattawamkeag river to on of the Penobscot river. of about chased the fitty of timber said and hem- east be branch well covered with a heavy growth for the which will soon be wanted of the lock. various tannerles in the vicinity lands. consequence of the trouble with the in -In Bank, many of the depositors alarmed and Savings Skowbegan Bank become it a the something of a run upon since. Fifty few out. when the want it. commenced days paid depositors thousand dollars finding they were could get their money didn't -Andrew J. Bean formerly of Bangor cutting suicide in California by brother The day previous his W. Bean. formerly committed throat. of his Brewer. father Charles suicide by hanging. committed The committed these men many years ago his of by jumping into the well near suicide house, 10 Brownfield. and drowning. of the manifest of the steamer had on -A of copy Waco." shows that she owners and City illegally shipped by her of Galvesboard. to the gas company 300 cases of petroleum. consisted of in consigned ton. der the cargo general The remain- mer- the of The word "petroleum" a way chandise. was slarred over in such what it is. manifest is difficult to make out it. he that it had the clerk understood duty to Certainly. would the have vessel been a clearance. derelict in unless his the pegrant troleum had been first removed. Andrew Bradbury of Fairfield, a left mem- his the Skowhegan igh school. November 3d. her boarding of home place to his Wednesday. father's who time lives he has at to Kendall's go Mills, since He was which a young man not been seep. years old. five feet seven -light twenty-four high. thin and spare face with cont and inches and dressed in black overcoat moustache, with short. brown him yesgray A general pants search was made for terday four o'clock on a recent found morn- a Officer About Eaton, of Jersey City, yet sixteen coal years ing very neatly of age. dressed and a young girl. man not cart. about He nine took teen. sleeping station in a house. where they gave A them to the Thomas Reed. and Mabel their names They as said they were husband were and Reed. The girl said that her parents Me. that wife. residents of Bangor. and ecative acquainted with 11e month= ago married of work. the well-to-do seven City in search him. Thomas none. came she to accompany Jereey the him. He had They found roames and they were penniless until finally they lay down about to teep the streets where they were found. Portland Argus. The body has been Head washed OPT 31. ashore at identific Owl's schooner ed as that Abratiam 01 Jamepa Richardson. in He left to Bass Marbor come on Saturday. to and a take He un- the Intending Lewiston for Portland Owl's He steamer attempted to enter rock and doubtedly and the boat struck a age. and foundered Harbor. He was 24 years His of father is at formerly lived in Oldtown. the deceased is educaBarbadoes. where the French word "regal" prick last ted and had described by US ed into his He arm. had made as his home to in this Tremont city week friends from there came and will and last Monday. there for identified burial on the steamer body. Lewiston to-day. take it Rockland Opinion. attempt was made to burn Me. the (Capt. ship An Oak of Searsport. Mass.). on the Charter Smith of East Bridgewater. She sailed from New 15th of September 25th. and arrived 15th. at Shangba Thomas York, April 31st. September the cry of August of the crew. raised flames Hope. The one captain overed the alarm was fire. near immediately the main given. hatch. but and out and only an this one vessel ship. the Thyatira, noticed assistance. it: The danger loaded as the vessel was In the are immelately was very largely with great. sent kerosene. crew. meantime by a the Charter Oak's degree extinguished ⑉⑉ large tub great near of water the main which hatch. had water being been failing over- left standing some of the men. the in the lower plump set by and on the nearly seat of putting the fire it out. oil on There still tons of anthracite were hold. top about 1700 300 cases of kerosene ship having coal. the of the lower hold. the of oil. stowed discharged in several thousand cases got under luck the names were but obtained firm before By good they interior of the hold; vessel bear was not until the so hot whole that the hand could work. not Exto made touch either showed wood that or the metal fire was show- delibaruination set. A further investigation of the four erately ed that comprising the chests and the effects present nicely starboard packed men the ship were all havwatch of no such preparation the as if for removal, made by the men in the port been man Hope belongs to he The is supposed that board ing watch. It were gave starwatch. little too soon; the [Lewiston men Journal. the to be alarm held a for examination.