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NEW HAMPSHIRE BANK FAILS. An Institution of Which €, w. Spalding of Chicago Was President Goes Down. NASHUA, N. H., April 29.-The New Hampshire Banking Company Savings Bank of this city suspended business this morning and is not likely to resume. The President of the institution is C. W. Spalding, cashier of the defunct Globe National Bank of Chicago, and the downfall of the local institution is supposed to be directly due to the collapse of the Chicago bank.
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Spalding's Father Is President. Nashua, N. H., May 1.-The New Hampshire Banking company suspended Thursday. Solomon Spalding, father of Charles W. Spalding of the broken Globe Savings bank of Chicago, was president of the institution. For the past four years the bank has been gradually losing depositors, and for more than a year past has refused to honor withdrawals to a larger amount than $25 a month.
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New Hampshire Bank Fails. Nashua. N. H., April 30.--The New Hampshire Banking company has suspended. Solomon Spalding father of Chas. W. Spalding of the broken Globe bank of Chicago, is president of the bank. The suspension caused no surprise. The bank is a guaranty bank, with a guarantee fund of $125,000 and held a surplus and interest account of $34,193 at its last report April 16. The amount due depositors April 1 was $843,193. the bank being the second largest in it , city.
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Banki : Company Suspends. Nashua, N. H., April 30.-The New Hampshire Banking company has suspended. Solomon Spalding, father of Charles W. : alding of the broken Globe Savings ban.. of Chicago, is president of the institution. For the past four years the bank ha been gradually losing depositors, an. for more than a year past has refused to honor withdrawals to a larger amou t than $250 a month.
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Another Spalding Bank Fails. Nashua, N. H., Ap. 30.-The New Hampshire Banking Company has suspended. Solomon Spalding, father of Charles W. Spalding of the broken Globe Savings bank of Chicago, is president of the institution. The bank is a guarantee bank with a guarantee fund of $125,000. and had a surplus and interest account of $74,000 at its last report, April 1. The amount due depositors on April 1 was $849,352, the bank being the second largest in the city.
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Another Spalding Bank Fails. Nashua, N. H., Ap. 30.-The New Hampshire. Banking Company has suspended. Solomon Spalding, father of Charles W. Spalding of the broken Globe Savings bank of Chicago, is president of the institution. The bank is a guarantee bank with a guarantee fund of $125,000, and had a surplus and interest account of $74,000 at its last report, April 1. The amount due depositors on April 1 was $849,352, the bank being the second largest in the city.
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Another Spalding Bank Fails. Nashua, N. H.. Ap. 30.-The New Hampshire Banking Company has suspended. Solomon Spalding, father of Charles W. Spalding of the broken Globe Savings bank of Chicago, is president of the institution. The bank is a guarantee bank with a guarantee fund of $125,000, and had a surplus and interest account of $74,000 at its last report, April 1. The amount due depositors on April 1 was $849,352. the bank being the second largest in the city.
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Another Spalding Bank Fails. Nashua, N. H., Ap. 30.-The New Hampshire Banking Company has suspended. Solomon Spalding, father of Charles W. Spalding of the broken Globe Savings bank of Chicago, is president of the institution. The bank is a guarantee bank with a guarantee fund of $125,000, and had a surplus and interest account of $74,000 at its last report, April 1. The amount due depositors on April 1 was $849,352, the bank being the second largest in the city.
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Bank Suspends. Nashua, N. H., April 30.-The New Hampshire Banking company suspended Thursday afternoon. Solomon Spalding, father of Charles W. Spalding, of the broken Globe savings bank of Chicago, is president of the institution. For the past four years the bank has gradually been losing depositors, and for more than a year past has refused to honor withdrawals to a larger amount than $25 a month.
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What Has Been Done During the Past Twelve Months. THE YEAR 1897 A BUSY ONE All of the Important Happenings the World Over Briefly Noted in Chronological Order. BUSINESS AND INDUSTRIAL NOTES Disasters of Various Kinds-Crimes, Suicides and Lynchings- Year's Famous Dead -Political Events-Sporting BANK FAILURES. Jan 2-State savings, Whitehall, Mich Citizens' national, Fargo, N. D. Omaha (Neb.) savings, $850,000. Jan 4 Germania ($1,000,000) and West Side, St. Paul, Minn First City, Nora Springs, Ia. Merchants' national, Devil's Lake, N. D. Jan 7. Commercial, Eau Claire, Wis Bank of Canton, Minn Citizens', Lanesboro, Minn. Jan 8-Bank of North St. Paul, Minn. Jan I-First national, Alma, Neb. Jan 12-Bank of Mayview, Mo. Jan 13-Seattle (Wash.) savings. Jan 14-Merchants' national, Ocala, Fla. Jan 15-Citizens' state, Fullerton, Neb. Jan 16-Bank of Conway, Mo. Jan 18-German national, Louisville, Ky. First national, Newport, Ky Minnesota savings, St. Paul. Jan 21-German savings, Des Moines, Ia., $554,000 Jan -Upland (Ind.) bank (voluntary suspension Farmers' and Merchants' bank, Excelsior Springs, Mo. Jan 25-Pottsdam (N. Y.) national. Jan 26-First national, Olympia, Wash. Jan 29-Wautauga bank, Johnson City, Tenn. Jan 30-Dime savings, Chicago. Feb 2-First national, Oakesdale, Wash. (voluntary suspension) Moscow (Ind.) national. Feb -First national, Griswold, Ia. o Feb 5-First national, Franklin, Northwestern national, Great Falls, Mont., $700,000. Feb 8-State savings, Atlanta, Ga. Feb 9-Farmers' and Merchants', Freeport, Ill. (voluntary suspension). Feb 10-Bankers' exchange, Minneapolis, Minn. Feb 13-State trust and savings, West Wis. Superior, Commercial savings, Leeds, la Merchants' national, Helena, Mont., $1,000,000. Feb -Merchants: national, Jacksonville, Fla State national, St. Joseph, Mo. Feb 24- -German-American, Tonawanda, N. Y. (Resumed March 8.) Feb -Bank of Lithonia, Ga Security Loan and Trust company, Des Moines, Ia. Commercial. Milwaukee, Wis. Feb 27- Mullanphy savings, St. Louis, Mo., $500,000. Mar 8-Lexington savings, Baltimore. Mar 12-Bank of Mulhall, O. T. Mar 22-West Point (Ga.) state bank. Mar 23-Farmers' and Merchants', Paris, Tex. Mar 24-De Kalb county bank, Maysville, Mo. Mar 27-American exchange, Buffalo, N. Y. (voluntary suspension). Apr 5-Globe savings, Chicago, $640,000. Apr 27-N. Barnes, Son & Co., bankers, Norfelk, Va. Apr 28-Bank of Hutchinson, Kan William Van Ordstrand & Co., bankers, Heyworth, III. Apr 29- New Hampshire Banking Co., Nashua, $849,352. May 3-J. B. Wheeler & Co., bankers, Manitou and Aspen, Col. May -Exchange bank, Atkinson, Neb. Dalles (Ore.) national. May 12-Traders', Lynchburg, Va. May 19-Miners' state, Cripple Creek, Col. Belknap savings, Laconia, N. H. May 20 State, Monticello, Ind State national, Logansport, Ind Third national. New York. May 21-First national, Orleans, Neb. May 24-Bank of Johnston, Neb. Jun 1-Merchants', Lincoln, Neb. Jun 9-Boone county, Harrison, Ark. Jun 14-First state, Fenton, Mich. Jun 29-Union Trust and Savings, Tacoma, Wash Keystone national, Erie, Pa. (voluntary). Jul 7-First national, Mason, Tex. Jul 14-Nebraska national, York, Neb. Jul 23-Bank of Monmouth Springs, Ark. Jul 31-First national, Asheville, N. C., (voluntary). Aug 1-People's savings, Mount Pleasant, Mich Aug 27-Bank of Minneapolis, Minn. Aug 31-State, Ambia, Ind First state, McPherson, Kan. Sep 2-First national, Greensburg, Ind. Sep 14-Bank of Durand, III. Sep 18-First national, Benton Harbor, Mich. Sep 20-Bank at Rico, Col. Sep 29-Bank at Montrose, Col. Oct 18-City, Sherman, Tex. Oct 19-Edgerton (Wis.) bank. Oct 21-Bank of Lodi, Wis. Oct 2-National of Asheville, N.C. Nov -John A. Willard, banker at Mankato, Minn.: $480,000. Nov 13-Bank of Antigo, Wis Banks at Leavenworth, Marengo and English, Ind. Nov 16- Della county (Col.) bank. Nov 20- State bank of Holstein, Neb. Dec 2-Piedmont state, at Morgantown, C. N. Dec 13-Stock exchange, at El Reno, O.' T. Dec 21-First national, Pembina, N.D. Dec 3-Chestnut Street national, and Chestnut Street Trust and Savings Fund Co., Philadelphia; $3,000,000.
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Pays 15 Per Cent. NASHUA, N. H., Jan. 3.-The receiver of the New Hampshire Banking Company paid depositors today a dividend of 15 per cent., which requires the disbursement of $126,000. This makes a total todate of 70 per cent. It is believed the bank will pan out altogether 110 per cent.
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Nashua Company, the first defalcation in the city occurred at Indian Head National Bank in 1895, when Cashier Frank MeKean fled to Buenos Ayres leaving a shortage well up in the vicinity of $100.000. McKean's wrongdoing ,however, had no effect on the Indian Head Bank, as it is one of the strongest financial institutions in New Hampshire. During the troublesome times of 1893 and 1894, the Mechanics' Savings Bank and the Nashua Savings Bank of this city failed owing depositors large amounts. In 1897. the Security Trust Co. of this city, and Grand Forks, N. D., was placed in the hands of assignees and was wound up. About the same time the Globe Savings Bank of Chicago, of which Charles Spaulding .formerly of Nashua, was president, failed. Of the $200,000 capital, Nashua people held $100,000 and their losses through this crash were considerable. The affairs of the New Hampshire Banking Co., of Nashua were SO affected that it went into the hands of an assignee. Nashua investors were heavily interested in the Sioux City National Bank and the Union Stock Yards Bank of Sioux City, Iowa, and during the panic of 1893. heavy assessments were levied on the stockholders. Nashua people lost similarly through the failure of the Omaha Exchange Bank of Omaha. Neb., and through the closing of various other Western concerns. In all it is estimated that within 10 years citizens of Nashua have lost fully $2,000,000 through the embarrassment of banking institutions.
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NEW HAMPSHIRE NASHUA, N. H., Nov. 6.-From private sources it was learned that the amount of surplus of the New Hampshire Banking company ready for distribution among the general depositors, according to the accounting which Receiver William H. Farley has filed with Clerk Thomas D. Luce of the superior court, and on the acceptance of which there will be a hearing November 21, is approximately $45, 00. This will give the depositors 5 per cent at least, making a total of 105 per cent which they will have received upon the face of their pass books at the time the institution closed its business fifteen years ago. MANCHESTER-Thomas Neary, who was detained at Ellis Island, N. Y., for nearly five weeks after his return from his old home in Ireland because he is a British subject, despite the fact he had been a resident of Manchester for more than twenty-five years, has been released and returned here. Relatives in Brooklyn, N. Y., furnished bonds of $1000 for his release. FRANKLIN-At the New Hampshire State Sunday School society's session B. P. Judd, field secretary of the international reform bureau at Washington, D. C.; the Rev. J. H. Robbins, the Rev. Virgil V. Johnson, Marion Lawrence of Chicago, Miss Gertrude H. Sawyer and Mrs. Florence C. Ware of Worcester, Mass., spoke. NASHUA-The jury in the case of Mrs. Cora Eldredge vs. Ayarle Ricard, which was begun in the superior court, brought in a verdict of not guilty after being out about two hours. The plaintiff is the widow of Sylvanus Eldredge and sued Ricard for $8000, alleging that her husband came to his death as the result of being run over and killed on the railroad between Greenville and Mason October 17, 1903, while under the influence of liquor sold to him by Ricard.
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Depositors Get Dividend Nashua, N. H., Nov. 25.-A dividend ot 5% per cent and the payment of $600 to the committee of general depositors who brought suit for the obtaining of the surplus rather than have it divided among the stockholders was ordered in the New Hampshire Banking company case today in the superior court here by Judge Robert J. Peaslee. The surplus amounts to about $45,000. This winds up the affairs of the company, which suspended business 15 years ago.
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FAILED BANK PAID INTEREST. Took Some Years, But Depositors More Than Recovered Money. NASHUA, N. H., December 19.-One of the most successful liquidations of a closed bank in financial records has just been completed by W. A. Farley of the New Hampshire Banking Company of this city, which shut its doors a dozen years ago as a result of the failure of the Globe Savings Bank of Chicago. Today Receiver Farley began paying a final dividend to depositors of 5½ per cent. The final payment amounts to $40,000, bringing the total paid depositors since the bank ceased active business $913,242. In other words, the general depositors get 108% per cent of the amount they had in the institution, the percentage above 100 representing partial interest on their money. The president of the New Hampshire Banking Company was the late Solomon Spalding. father of Charles Spalding, treasurer of the defunct Globe Savings Bank of Chicago.
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SETTLED IN FULL Bank Which Failed A Dozen Years Ago Has Paid Depositors 108 3-4 Per Cent. Nashua, N. H., Dec 19.-One of the most successful liquidations of a closed bank in financial records has just been completed by W. A. Farley of the New Hampshire Banking company of this city, which shut its doors a dozen years ago as a result of the failure of the Globe Savings bank of Chicago. To-day Receiver Farley began paying a final dividend to depositors of 51/4 per cent. The final payment amounts to $40,000, bringing the total paid depositors since the bank ceased active business $913,242. In other words the general depositors get 10834 per cent of the amount they had in the institution, the percentage above 100 representing partial interest on their money. The president of the New Hampshire Banking company was the late Solomon Spalding, father of Charles Spalding. treasurer of the defunct Globe Savings bank of Chicago.
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FINAL PAYMENT TO DEPOSITORS Those Who Had Money in Closed New Hampshire Bank Get 108 3.4 Per Cent of Amount. Nashua, N. H., Dec. 20.-One of the most successful liquidations of a closed bank in financial records has just been completed by W. A. Farley of the New Hampshire Banking company, of this city, which shut its doors a dozen years ago as a result of the failure of the Globe Savings bank of Chicago. Receiver Farley has begun paying a final dividend to depositors of 51/4 per cent. The final payment amounts to $40,000. bringing the tot paid depositors since the bank ceased active business, $913,242. In other words, the general depositors get 108 3/4 per cent of the amount they had in the institution, the percentage above 100 representing partial interest on their money. The president of the New Hampshire Banking company was the late Solomon Spalding. father of Charles Spalding, treasurer of the defunct Globe Savings bank of Chicago.