gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a0596ba38e48c431
Response Measures
None
Receivership Details
Depositor recovery rate
100.0%
Date receivership started
1895-02-07
Date receivership terminated
1902-06-30
OCC cause of failure
Fraud
Share of assets assessed as good
59.7%
Share of assets assessed as doubtful
34.7%
Share of assets assessed as worthless
5.6%
Description
Failure caused by large cashier defalcation; cashier subsequently committed suicide.
Events (4)
1.April 22, 1865Chartered
Source
historical_nic
2.January 14, 1895Suspension
Cause
Bank Specific Adverse Info
Cause Details
Discovery of a large defalcation (reported $60,000โ$85,000) by cashier Isaac F. Abbott; examiner took charge.
Newspaper Excerpt
Notice was posted on the bank door today that the institution had suspended and was in care of a bank examiner.
Source
newspapers
3.February 7, 1895Receivership
Source
historical_nic
4.February 7, 1895Receivership
Newspaper Excerpt
The controller of the currency has appointed ... Albert G. Whittemore receiver of the Dover National Bank at Dover, N. H.
Source
newspapers
Newspaper Articles (25)
1.January 14, 1895Santa Fe Daily New MexicanSanta Fe., Santa Fe, NM
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Bank Failure in New Hampshire. Dover, N. H., Jan. 12.-Bank Examiner Poor is examining the books of the Dover National bank. It is stated that there is a defalcation of about $60,000 or $70,000. Notice was posted on the bank door to-day that the institution had suspended and was in care of a bank examiner. Isaac F. Abbott is cashier.
Bank Suspends Payment. DOVER, N. H., Jan 14 -The Dover National bank this morning suspended payment. J. F. Abbott. cashier, has admitted that he has robbed the bank of a large amount.
3.January 15, 1895San Antonio Daily LightSan Antonio, TX
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A Bank Shortage. DOVER, N. H., Jan. 15.-Defalcations of $70,000 have been discovered in the Dover National bank, and it is suspended. Cashier Isaac F. Abbott's accounts are badly mixed. He admits a shortage, but will not talk. Abbotti is city treasurer of Dover.
4.January 15, 1895The Seattle Post-IntelligencerSeattle, WA
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Suicide of is Bank wrecker. Dover, N. H., Jan. 14.-The National bank suspended payment day and Bank Examiner Poor charge. As a result of this en tion he announced that Cashier F. Abbott's accounts were $70,000 Abbott then shot and killed himsed
5.January 15, 1895Birmingham Age-HeraldBirmingham, AL
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CASHIER A DEFAULTER. BOSTON, Jan. 14.-A dispatch from Dover, N. H., says: The Dover National bank suspended this morning. The cashier, who is also city treasurer, is protably a delaulter.
6.January 15, 1895The HeraldLos Angeles, CA
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A DEFALCATION. Dishonesty of a Cashier Wrecks Bank. DOVER, N. H., Jan. 14.-Bank Examiner Poor is examining the books of the Dover National bank. It is said there has been a defalcation of about $60,000 OF $70,000. Notice was posted on the bank door today, saying the institution had suspended and was in the care of the examiner. Issac F. Abbott is cashier. No arrests have been made. Cashier Abbott shot and killed himself this afternoon.
7.January 15, 1895The Morning CallSan Francisco, CA
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Defalcation at a Bank. DOVHR, N. H., Jan. 14.-Bank Examiner Poor is examining the books of the Dover National Bank. It is said there has been a defalcation of about $60,000 or $70,000. Notice was posted on the bank door to-day, saying the institution was suspended and was in the care of the examiner. Isaac F. Abbott is cashier. No arrests have been made.
MORE Ur 11. Another Bank Cashier Has Gone to the Bad. DOVER, N. H., Jan. 15.-Bank Examiner Poor is examining the books of the Dover National bank. It is said there has been a defalcation of about $60,000 or $70,000. A notice was posted on the bank door today saying the institution had suspended and was in care of the examiner. Isaac F. Abbott is cashier. No arrests have been made. Cashier Abbott's accounts are short from $60,000 to $80,000.
MORE UP 11. Another Bank Cashier Has Gone to the Bad. DOVER, N. H., Jan. 15.-Bank Examiner Poor is examining the books of the Dover National bank. It is said there has been a defalcation of about $60,000 or $70,000. A notice was posted on the bank door today saying the institution had suspended and was in care of the examiner. Isaac F. Abbott is cashier. No arrests have been made. Cashier Abbott's accounts are short from $60,000 to $80,000.
10.January 18, 1895Vermont PhลnixBrattleboro, Bellows Falls, Ludlow, VT
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THE NEWS IN BRIEF Another Bank Defalcation. Cashier Abbott of the Dover, N. H., National Bank Shot Himself After He Was Found to be a Defaulter to the Amount of $80,000. The bank defalcation epidemic struck the city of Dover, N. H., Monday. During the morning it was announced that Isaac F. Abbott, cashier of the Dover national bank, was a defaulter in the sum of $80,000. At about 3 o'clock in the afternoon, and before the people had recovered from the astouishment, came the announcement that the cashier had taken his life in his beautiful home on Arch street, by shooting himself through the heal with his revolver. The discovery of the defalcation was made by Bank Examiner Dorr, who began an examination of the bank Friday. He asked Mr. Abbott certain questions which the cashier said he would explain the next morning. When the examiner came again Saturday morning it was found that the safe could not be opened, and Mr. Abbott failed to appear. He was at home, and stated that he would explain all on Monday. The refusal of the cashier to say anything was brought to the attention of the bank officials, and Examiner Dorr at once declared Abbott a defaulter. District Attorney A. A. Branch of Manchester and United States Marshal Campbell were at once telegraphed for to place Abbott under arrest, but they did not arrive until after the cashier's death. It is hinted that Abbott made his first inroad on the bank's money to help out a friend. The first suspicion that Mr. Dorr had of the defalcation was the discovery of a note for $10,000 among the bank's resources, signed "M. Nelson." The name of Mr. Abbott's young housekeeper is Miss Mertie Nelson, and it was her signature, it is alleged, that appeared on the note. Mr. Abbott was also cashier of the Five-cents savings bank of Dover, and was city treasurer. The depositors will lose nothing, but their money is tied up. State Bank Commissioners Lyford and Hatch have taken charge of the savings bank. Mr. Abbott's two sons and his daughter were at home when the fatal shot rang out. Mr. Abbott had been cashier of the bank 20 years, and before that was connected with it in a minor capacity. He lived in a house that cost $30,000, but it was built with his wife's money. He was a member of the Baptist church and was never known to gamble. Later---The Savings Bank Involved. The Five Cents savings bank of Dover is also involved in Cashier Abbott's criminality, and it is thought that the depositors will lose 50 per cent of their money. J. E. Hall has been appointed receiver of the bank. It is supposed that Abbott at first robbed the savings bank and that the embezzlement from the national bank was made to cover up the deficit. The depositors in the savings bank are people employed in mills and they will feel their loss keenly. It is difficult for the bank examiner to find out the exact condition of the two banks, as Abbott destroyed the books containing evidence of his guilt. Nation's Cereal Crops for 1894.
11.January 19, 1895The Kimball GraphicKimball, SD
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New Hampshire Bank Suspends. DOVER, N. H., Jan. 14.-The Dover National bank suspended this morring. The cashier, who is also city treasurer, is probably a defaulter.
12.January 24, 1895Crawford AvalancheGrayling, MI
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Robs a Bank and Dies. A notice was posted on the doors of the Dover, N. H., National Bank at 9 o'clock Monday morning that the institution had suspended and that by order of the board of directors the bank's affairs had been taken in charge by Bank Examiner C. M. Dorr. At 3 o'clock in the afternoon Isaac F. Abbott, the cashier, shot himself through the head at his home and was dead when, a few minutes later, a United States marshal appeared at the house with a warrant for his arrest. There is an apparent shortage of about $80,000 in Abbott't accounts.
13.February 7, 1895Evening StarWashington, DC
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Receivers Appointed. The controller of the currency has appointed William J. Broderick receiver of the First National Bank at San Bernardino, Cal., and Albert G. Whittemore receiver of the Dover National Bank at Dover, N. H.
14.February 7, 1895People's VoiceWellington, KS
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Bank Failures Continue. Bank failures and defalcations continue to be the order of the day. On last Monday at Dover, N. H., Isaac F. Abbott, cashier of the Dover National bank, was discovered to be a defaulter to the amount of $85,000. On Saturday the bank at St. Charles, Minn., was restrained from doing business on an action brought by the state through the bank examiner, M. D. Kenyon. The complaint asks for a dissolution of the corporation and the appointment of a receiver. The capital stock of the bank is $25,000. of which over $20,000 had been loaned to J. F. Kingsland, the vice-president and ma nager. -Chicago Express.
15.February 13, 1895The Providence NewsProvidence, RI
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DOVER BANK TO BE SUED. DOVER, N. H., Feb. 13-Asa Whittemore, receiver of the Dover National bank, filed his bond in court yesterday and took possession of the bank. The receiver was later called upon by Mrs. Ricker, a lawyer of this city, who asked him, in the name of the stockholders, to bring a suit in equity against the bank to make good the loss sustained by the stockholders. Receiver Whittemore asked for time to consider the matter, and was met by the statement from Mrs. Ricker that, if he decided not to bring suit, she herself, as a stockholder. would do so.
16.February 15, 1895The Black Hills UnionRapid City, SD
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Bank Fatures Continues. Bank failures and defalcations continues to be the order of the day. On last Monday at Dover, N. H., Isaac F. Abbot, cashier of the Dover National bank, was discovered to be a detaulter to the amount of $85,000. On Saturday the bank at St. Charles, Minn. was restrained from doing business on an action brought by the state through the bank examiner, M. D. Kenyon. The complaint asks for a desolution of the corporation and the appointment of a receiver. The capital stock of the bank is $25,000, of which over $20,000 has been loaned to J. F. Kingsland. the vicepresidentand manager.-Chicago Express
17.February 15, 1895The Black Hills UnionRapid City, SD
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Article Text
Bank Failures Continues. Bank failures and defalcations continues to be the order of the day. On last Monday at Dover, N. H., Isaac F. Abbot, cashier of the Dover National bank, was discovered to be a detaulter to the amount of $85,000. On Saturday the bank at St. Charles, Mion. was restrained from doing business on an action brought by the state through the bank examiner, M. D. Kenyon. The complaint asks for a desolution of the corporation and the appointment of a receiver. The capital stock of the bank is $25,000, of which over $20,000 has been loaned to J. F. Kingsland. the vicepresidentand manager.-Chicago Express
18.February 20, 1896The Providence NewsProvidence, RI
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May Be Privately Settled. DOVER, N. H., Feb. 20.-A petition of Receiver Whittemore of the defunct Dover National bank and the Guprantee Company of North America. of Montreal, for a postponement of the case against the Guarantee company, brought by Receiver Whittemore to recover $20,000, the amount of the bonds of the late defaulting Cashier Abbott, was granted by Judge Chase yesterday, and the case will come up for trial in September. The petition is the result of a proposition made by the defendant looking toward a settlement of the case outside of the courts.
19.September 10, 1896The Portland Daily PressPortland, ME
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Defaulter's Bondsmon Settle. Dover, N. H., Setpember 9.-The case of Arthur G. Whittemore, receiver of the Dover National bank against the Guarantee company of North America, has been settled. The suit was brought by the plaintiff to recover $20,000 from the company which was on the bond of Isaao F. Abbott, the defaulting oashier to that amount. The company made an offer of $15,500, which has been aocepted.
20.December 1, 1897The Portland Daily PressPortland, ME
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STOCKHOLDERS GET DIVIDEND. Dover, N. H., November 30.-A. C. Whittemore, receiver of the Dover National bank which failed in 1895, has been authorized by the comptroller of the currency, to declare a dividend of ten per cent to the stockholders of the bank. It is expected the money will be paid in ten days. The depositors of the bank have already been paid in full. In all they received over $182,000. The receivers say the stockholders will receive at least another dividend after the present one 1s paid. The failure of the bank was caused by the defalcation of Cashier Isaac Abbott.
21.October 11, 1898The Providence NewsProvidence, RI
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FAILURE AT DOVER. Dover Clothing Company Assigns to Receiver Whittemore, Doxer, N. H., Oct. 11.-The Dover Clothing Company of this city, one of the largest establishments of its kind in the state, has made an assignment to A. G. Whittemore, receiver of the Dover National Bank. It is understood the assignment was the result of the embarrassment of the Sawyer Woolen Mills of Dover which failed earlier in the month for over a million, carrying with them the Plymouth Wool.n Mills and Somersworth Machine Company, W. S. Bradley, the head of the clothing company is a brother-in-law of ex-Gov. Charles Sawyer of the Sawyer Mills. It is thought the liabilities will reach $70.000. The amount of the assets is unknown.
A Failure In Clothing. Dover, N. H., Oct. 12. - The Dover Clothing company of this city, and one of the largest establishments of its kind In the state, has made an assignment to A. G. Whittemore, receiver of the Dover National bank. It is understood the assignment was the result of embarrassment of the Sawyer woolen mills of Dover, which failed earlier in the month for over $1,000,000, carrying with them the Plymouth woolen mills and Somersworth Machine company. W. S. Bradley, the head of the clothing company, is a brother-in-law of ex-Governor Charles Sawyer of the Sawyer mills. It is thought the liabilities will reach $70,000. The amount of the assets is unknown.
23.March 23, 1899The Providence NewsProvidence, RI
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Dividend Will Be Paid. Dover, N. H., March 23.-The comptroller of the currency has authorized A. G. Whittemore, receiver of the Dover National bank to pay a dividend of $13 a share to the stockholders. This will bring the total dividends up to $29 a share.
24.August 9, 1899The Providence NewsProvidence, RI
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DOVER'S WRECKED BANKS. Receivers and Assignees Will Soon Pay Dividends to the Depositors. Dover, N. H., Aug. 9.-Receiver E. H. Carroll of the Cocheco National Bark of this city which failed on June 5. is settling up the affairs of the institution rapidly as possible. It is expected that announcement of a G per cent, div idend payable to depositors will be made in a few days, William F. Nason, assignee of the Cocheco Savings Bank will pay a dividend of 20 per cent. to depositors of that institution on September 19. A dividend has also been announced by the assignee of the defunct Dover Five Cent Savings bank of this city, which was wrecked at the time of the failing of the Doyer National bank.
25.April 25, 1902The Evening TimesWashington, DC
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FINAL DIVIDEND PAID. Dover National Bank Stockholders Have Been Paid $39,000. DOVER, N. H., April 25.-Arthur C. Whittemore, receiver of the defunct National Bank, has received from Washington checks for the fifth and final divident of $5 per share for the stockholders. This dividend makes a total of $39,000 paid to the stockholders, or $39 per share, and is largely in excess of what was expected.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
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