8844. Mariners Bank (Wiscasset, ME)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 29, 1863
Location
Wiscasset, Maine (44.003, -69.666)

Metadata

Model
gpt-5-mini
Short Digest
1ab68270

Response Measures

None

Description

Newspaper items from Jan–Feb 1863 report legislative acts accepting the surrender of the charter of the Mariners' Bank at Wiscasset. This indicates the bank surrendered its charter and was being closed by voluntary action rather than a depositor run. No articles describe a run or suspension due to panic; therefore classified as suspension_closure (voluntary liquidation/charter surrender).

Events (2)

1. January 29, 1863 Suspension
Cause
Voluntary Liquidation
Cause Details
Legislature reference to an act accepting the surrender of the bank's charter; voluntary surrender/closure rather than failure from a run.
Newspaper Excerpt
Mr. Hobson of Wiscasset introduced a bill, additional to an Act accepting the surrender of the charter of the Mariners' Bank at Wiscasset
Source
newspapers
2. February 19, 1863 Suspension
Cause
Voluntary Liquidation
Cause Details
Follow-up legislative action (bill reported allowing additional time or additional act related to acceptance of the bank's charter surrender).
Newspaper Excerpt
act additional to an act accepting the surrender of the Mariners' Bank, Wiscasset.
Source
newspapers

Newspaper Articles (2)

Article from The Portland Daily Press, January 29, 1863

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Article Text

Penney Papers from the House were disposed of in concurrence. The order which had previously passed the Senate, directing the Committee on State prison to visit that institution, came back from the House indefinitely postponed. The Senate insisted upon its previous vote. A communication was received from the Adjutant General, in reply to the order of the Legislature for information relating to the noncommissioning of officers in the ununiformed militia. He said there were no papers in his office on the subject, but transmitted the reasons as given in his forth-coming report 1st.-The difficulty in conflict between the State and National laws- the former requires four lieutenants, the latter but two, to one company. 2d.-The necessity for four is not recognized by military officers. 3d.-Remonstrances were presented against commissioning, and a hearing in each case would involve too much expense of time and money. 4th.-The expense of issuing and recording nearly 4000 commissions. The communication was laid upon the table, on motion of Mr. Woods. Mr. Roberts, from the Committee on Mercantite Affairs and Insurance, reported a bill to incorporate the Baldwin Mutual Fire Insurance Co.; also an Act to incorporate the Portland Grain Warehouse Co.; which were severally read and assigned. On motion of Mr. Wiggin, it was ordered that the Secretary of State be requested to lay before the Legislature, whatever remonstrances and papers may be in his office relating to the non-commissioning of officers in the ununiformed militia, and all facts which may be in his possession relating to the same. Mr. Smith called up the report on Indian Affairs, and it was referred to the Committee on that subject. Act to amend the Act granting aid to the families of volunteers; and resolve in favor of certain banks, were read and, under a suspension of the rules, passed to be engrossed. Resolve authorizing a loan ($550,000) in behalf of the State, was read and assigned. Adjourned. HOUSE. Prayer by Rev. Mr. Burgess of Gardiner. Papers from the Senate were disposed of in concurrence. On motion of Mr. Stone of Jay, the use of the Hall was granted the State Teachers' Association this afternoon. On motion of Mr. Crosby of Dexter, the use of the Hall was granted the Board of Agriculture the afternoon and evening of to-morrow. On motion of Mr. Farwell of Lewiston, the use of the Hall was granted Rev. Cyril Pearl on the evening of Feb. 2. On motion of Mr. Trundy of Searsport, it was ordered that the Select Committee upon the Senate LiquorAgency report upon the expediency of amending the liquor law, so as to include ale and strong beer as intoxicating liquors. Mr. Hobson of Wiscasset introduced a bill, additional to ar Act accepting the surrender of the charter of the Mariners' Bank at Wiscasset, which was referred to the Committee on Banks and Banking. Mr. Crosby, from the Judiciary Committee, reported bill, an Act to amend Sect. 14, Chapter 12, Revised Statutes, relating to local parishes. Read twice and to-morrow assigned. Mr Kingsbury. from the Judiciary Committee, reported legislation inexpedient on an order relating to the time for closing the polls election days. On motion of Mr. Kingsbury. it was ordered that the Committee on Finance be directed to enquire into the expediency of tendering the U. S. Government such advances from the State treasury as may be requisite, from time to time, for the prompt payment of the allotments of Maine volunteers. Petition of the city of Bath for leave to loan the credit of that city to the Androscoggin Railroad Co., was referred to the Committee on Railroads, &c. Passed to be engrossed.-Resolve authorizing loan in behalf of the State; resolve in favor of certain banks in the State; resolve in relation to defenses of the North-Eastern frontier; an Act to amend the Act in aid of families of volunteers. By assignment, the House proceeded to consider the report of the Committee on retrenchment in the Land office. Mr. Crosby of Dexter moved to amend by substituting the minority for the majority report. Mr. Clay of Gardiner moved to amend the minority report, by reducing the salamies of other State officers. Mr. Chase of Turner favored Mr. Clay's amendment, but was mainly opposed to the adoption of the minority report. Crosby made a lengthy speechagainst Mr. Clay's amendment,and in favor of the substitutution of the minority report. Mr. Clay defended his amendment, and thought no invidious distinctions ought to be made, Nine of the salaries were too high, and all should be served alike. Mr. Lyman of Machias thought the Land of fice was a swindling machine. He was opposed to Mr. Clay's amendment and favored retrenchment, but desired to do it understandingly. He was in favor of the minority report. Mr. Dudley of Presque Isle favored the minority report and opposed Mr. Clay's amendment, at length. Mr. Hayden of Bath thought this Legislature was in a fair way to become remarkable for retrenchinent. He was glad to see it, but thought it would be well to do nothing hastily. He was in favor of retrenchment, but we had better be sure we are right and then go ahead. Mr. Cony of Augusta defended the action of the majority of the Committee at some length. Pending the consideration of the motion, the House adjourned. BOARD OF AGRICULTURE Wednesday- Messrs Mason Heath Wat


Article from The Portland Daily Press, February 20, 1863

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Article Text

BY TELEGRAPH. LEGISLATURE OF MAINE. [SPECIAL DISPATCH TO THE DAILY PRESS.] AUGUSTA, Feb. 19, 1863. SENATE. Thursday. Prayer by Rev. Bishop Burgess Jo Gardiner. Papers from the House were disposed of in concurrence. Read and assigned.-Resolves in favor of Joseph Attean and John Neptune; in aid of building mills in township No. 2, range 2; in aid of building a bridge at Mattawamkeag Forks. The Senate went into Convention with the House, for the purpose of electing Land Agent. House [See After their return, Mr. Spring, from the Committee on Banks and Banking, reported a bill allowing further time for the paying in the additional capital stock of the International Bank, Portland. Also, act additional to an act accepting the surrender of the Mariners' Bank, Wis- iscasset. Mr. Cram, from the Conmittee on Manufactures, reported a bill to incorporate the Portland Shovel Manufacturing Co. Also, act to incorporate the Franklin Land, Mills and Water Co., which were read and assigned. The latter bill, under a suspension of the rules, passed to be engrossed. Passed to be engrossed.-Act to increase the capital stock of the Mercantile Bank, Bangor; act to incorporate the Milford and Princeton Turnpike Co. Mr. Josselyn, from the Committee on Division of Towns, reported leave to withdraw on petition of J. G. Mosher et als. Accepted. On motion of Mr. Josselyn, it was ordered that the Committee on Frontier and Coast Defenses be instructed to enquire into the merits of Currier's improved shot-proof dome, for sea or land service. On motion of Mr. Woods, it was ordered that the Judiciary Committee have power, on the petition of G. Stewart et als., relating to railroads, to send for persons and records. Mr, Woods, from the Judiciary Committee, reported legislation inexpedient on the order relating to imposing further restraints upon Banks in regard to specie. Also, leave to withdraw on the petition of the Selectmen of Orono. MEI Jonby the Jo us 10J Petitins were presented and referred. Mr. Smith, from the Committee on State Lands, &c., reported leave to withdraw on the petition of D. H. Rogers. Mr Roberts, from the Committee on Mercantile Affairs, &c., reported bill. an act to amend the act incorporating the Portland and Forest Avenue Horse Railroad Co. Also bill authorizing the city of Halloweli toexempt certain propfrom taxation. erty Mr Woods called up the resolves relating to the titles of Indians to islands in the Penobscot; and authorizing survey of the Indian townmaj After require Apponbumessva the Jo drys explanatory remarks, he moved to recomm. the resolves. Agreed to. Passed to be enacted.-Act to amend the act incorporating the city of Lewiston; act to incorporate Mt. Kineo Lodge; act to amend the act incorporating the Portlard Mutual Loan and Savings Association: act to set off land belonging to David Larrabee, in the town of Lisbon, and to annex the same to thetown of Webster The Washington County contested Senatorial case was assigned to next Wednesday. Mr. Stewart, from the Judiciary Committee, reported a bill to amend the liquor law. Read, and, on motion of Mr. Elliott, tabled Mr. Milliken, from the Committee on Railroads, &c., reported reference to thenext Legis-ov Jo period uo Inture cepted. The same Senator reported an act additional to the act incorporating the Portland Union Railway Co. Mr. Merrow, from the Joint Special Committee on the celebration of Washington's birthday, reported. that both branches meet at 11 'clock; that the Senate repair to the hall of the the the order 1-1 II 18 asnoH Council and Heads of Departments be invited to be present, the Governor to take the Chair: and that the services be as follows:- Prayer by Rev. J. H. Ingraham of Augusta. Remarks by the Governor. Washington's Farewell Address, to be read by Mr. Miller, Clerk of the House. Addresses by members of the Legislature. Also, that national salutes be fired at sunrise, noon and sunset, in front of the Capitol; the the TO mou uu JIFT Suns eq 04 Jo bells 01 eq childen the required pus :semp aures eq present. The report was accepted and ordered to be printed. Adjourned. HOUSE. Prayer by Rev. Bishop Burgess of Gardiner. u! Jo pesodsip area Senste the mony Pappers concurrence. Read and assigned. Bill to set off land from the town of Alton and to annex the sameto Oldtown. Passed to be engrossed.-Act to confer certain powers on the Ctty of Portland; act in relation :pusl JO JO uothsodsip the 01 act to reduce the capital stock of the Northern Bank, Hallowell. Petition of Selectmen of Harrison, for reimbursement for blankets furnished volunteers, came from the Senate referred to the next Legislature. The Houseconcurred. Petition of J. J. Speed, for a new telegraph line in this State, came from the Senate referred to the next Legislature. The House insisted on its vote. The hour for the Convention for the purpose of electing Land Agent, was changed to half past ten o'clock, the Senate concurring. At that hour Convention was formed, and it prothe to ceeded election. The whole number of ballots thrown was 150 94 Necessary to choice, SII Hiram Chapman had James W. Moore had 30 Isaac R. Clark had & peq Norris M Я I Mr. Chapman was declared elected, and the Convention dissolved. Mr. Gunnison, from the Committee on Division of Towns, reported leave to withdraw on the petition of Isaac Carleton et als, Mr. Hopkinson, from the Judiciary Committee, reported the bill relating to land certificates, in a new draft. Mr. Blake, from the Judiciary Committee, reported a bill to amend Chap. 10, R. S., entitled the militia. Bill relating to the sale of potatoes by weight was read a third time and, on motion of Mr. Chase of Turner, tabled. Mr. Kingsbury, from the Judiciary Committee, reported leave to withdraw on petition of T. B. Grant et als. Mr. Crosby, from the Judiciary Committee, reported that the bill in relation to marriag and its solemnization, ought not to pass. Also that legislation was inexpedient on the order relating to limiting the amount of aid to families JO volunteers. Mr. Manson, from the Committee on Mercantile Affairs, &e., reported leave to withdraw on the petition of Darius Alden. On motion of Mr. Blake of Bangor, it was ordered that the Judiciary Committee be instructed to enquire what alterations, if any, are necessary in the laws relating to the estates of deceased persons, in order to secure the rights of creditors The House proceeded to the consideration of the National resolves, and Mr. Smith continued his speech. He spoke with more energy than he did yesterday, and discussed the Emancipation policy at length in the same general direction of his remarks on Wednesday. Adjourned. w Mr. Kingsbury recently made a capital speech in the House on the Land Agency