13827. Derryfield Savings Bank (Manchester, NH)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
January 1, 1893*
Location
Manchester, New Hampshire (42.996, -71.455)

Metadata

Model
gpt-5-mini
Short Digest
b1239c34

Response Measures

None

Description

The Derryfield Savings Bank closed in the panic of 1893 and was placed in receivership/assignee; 1899 articles report a 15% dividend being paid by the receiver. No reopening is described; this is a permanent closure/liquidation following the 1893 suspension.

Events (3)

1. January 1, 1893* Suspension
Cause
Macro News
Cause Details
Closed during the nationwide Panic of 1893 which caused many New Hampshire institutions to fail.
Newspaper Excerpt
The bank was one of the many New Hampshire institutions which went down during the panic of 1893.
Source
newspapers
2. July 21, 1899 Other
Newspaper Excerpt
A dividend of 15 per cent is to be paid on Tuesday and Wednesday of next week. The bank was one of the many New Hampshire institutions which went down in the panic of 1893.
Source
newspapers
3. July 21, 1899 Receivership
Newspaper Excerpt
Henry E. Loveren, receiver of the Derryfield Savings Bank, is notifying depositors that a dividend of 15 per cent. is to be paid next week.
Source
newspapers

Newspaper Articles (4)

Article from The Providence News, July 21, 1899

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Article Text

A 15 PER CENT DIVIDENO. It Will Be Paid Depositors in the Derryfield Savings Bank, Which Failed in 1893. Manchester, N. H., July 21.-Henry E. Loveren, receiver of the Derryfield Savings bank, is notifying depositors that a dividend of 15 per cent. is to be paid next week. The bank was one of the many New Hampshire institutions which went down during the panic of 1893. When the bank closed there was owing to depositors about $153,000. Of this when the dividend of 15 per cent. is paid about $137,000 will have been paid to depositors on their claims. The president of the Derryfield Savings bank was Dr. Joseph C. Moore, the ex-financial king of New Hampshire.


Article from The Worcester Spy, July 22, 1899

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Article Text

TELEGRAPHIC BRIEFS. Springfield, July 21.-The residence of Elijah D. Allen, a resident of Agawam, was broken into about 2 o'clock this morning, and a gold watch, $10 in money and some silverware taken. Gloucester, July I.-William H. Jordan, owner of the schooner Hattie E. Worcester, which was wrecked on the northeast bar of Sable island last Monday, today re1 ceived a dispatch from Capt. Crowell, 1 master of the Worcester, dated Jeddore, N. S., saying that Capt. Crowell and the ten missing members of the crew of the I schooner had put in at that port. Manchester, N. H., July 21.-Henry E. Loveren, assignee of the Derryfield Savings Bank of this city, is notifying depositors that a dividend of 15 per cent is to be paid on Tuesday and Wednesday of next 2 week. Xenia, July 21.-A terrific explosion ocas curred at the plant of the Xenia Fuse E Manufacturing Company, near here, to1 day. Two of the employes injured will die. The injured are: Miss Rose O'Donnell. fatal; Mrs. Ollie Davis, fatal: Ennis Wykoff, one eye blown out and otherwise injured. Dover, N. H., July 21.-During a terrific electrical storm farm buildings owned by Jasper Horner, Joshua Sheldon and Richard Cole, respectively, were struck by lightning and burned, causing a loss of *0009$ 1 Narragansett Pier, July 21.-Chairman S Aldrich of the senate finance committee, accompanied by Clerk Sheldon of the committee and Mrs. Barrows, wife of Senator I Barrows of Michigan, have returned here. ( Danbury, Ct., July 21.-The hat factory I of M. A. Bellaire & Sons, which was obliged to shut down Wednesday last on a account of a strike of 25 of its employes, ( throwing 200 men out of work, will resume operations tomorrow, a compromise having been effected. Washington, July 21.-Four hundred and twenty-three men enlisted yesterday for service in the volunteer regiments in the Philippines, making a total to date of 3551. The Thirty-first and Twenty-seventh infantry are making the best progress. Washington, July 21.-The board of na1 val chiefs decided today to give 30 months for building the six new protected cruisers instead of 24 months. This is due to the rush of private work at all the ship yards, which made the yards indisposed to bid on the vessels unless more time was 1 given. London, July 21.-In the house of commons today, discussing the ship building vote, the Right Hon. George J. Goschen, first lord of the admiralty, said: "Both the United States and Japan are now naval powers sufficiently important to make us think we ought to have a naval attache in those countries. As attache to the embassy at Washington we are going to ap$ point an officer especially competent to deal with electrical matters." I San Francisco, July 21.-The United States transport Indiana arrived Today from Manila, the journey occupying 32 days. The Indiana has 358 sick soldiers on board and a number of nurses. ( Gardiner, Me., July 21.-The plant of the Knickerbocker Ice Company, at Iceboro, was destroyed by fire today, causing e a total loss of $75,000, Halifax, N. S., July 21.-The steam bark Diana, with the Peary relief expedition, NO sailed from Sydney, C. B., this afternoon for the far north. .1 Saratoga, July 21.-A stable at Horse Haven burned today. A two-year-old race horse, Scout, owned by Louis V. I Bell death. of New York city, was burned to London, July 21.-The dead body of a man was found last night upon the steps of Trinity Church, Landudno, Wales. In one of the dead man's pockets was found I an envelope indicating that his name was Alfred Poole and that he came from Coal Glen, Col. Rochester, July 21.-Annie McCall, 19, who lives with her parents in a small 8 house, about half a mile from Noron's Hotel in Greece, was brutally and perI haps night. fatally assaulted by her father, last New Orleans, July 21.-A dispatch from Tallulah, La., says six Italians were I lynched there last night. Stockholm. Sweden, July 21.-The epidemic of anthrax prevailing among the I cattle on the Island of


Article from Daily Kennebec Journal, July 22, 1899

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Article Text

Indian agents be stopped. Henry E. Loveren, assignee of the Derryfield Savings Bank of Manchester, N. H., is notifying depositors that a dividend of 15 per cent. is to be paid next week. The bank was one of the many New Hampshire institutions which went down in the panic of 1893. When the bank's doors were closed, there was owing to depositors about $153,000." On this, when the dividends of 15 per cent., just announced, is paid, about $137,000 will have been paid to depositors on their claims. Assignee Loveren says that still another dividend will be declared, but the depositors will not receive any interest. The president of the Derryfield Savings Bank was Dr. Joseph C. Moore, the exfinancial king of New Hampshire.


Article from Bellows Falls Times, July 26, 1899

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Article Text

New Hampshire News. Consul Jarvis of Milan, Italy, and Mrs. Jarvis are visiting at their home in Claremont. Joseph Ferry, an inmate of the Sullivan county farm at Unity, fell downstairs July 17 and killed himself. Lightning destroyed much property in the northern part of the state Friday forenoon. In Whitefield the residence and stables of Almon Jones were burned, with most of their contents. Loss $3500. In Stratford, John Connary's farm buildings were destroyed, together with 25 tons of hay and 18 cows.Lightning also killed four COWS in Lancaster, the property of Frank Blodgett. A set of Old Home Week stationery has been published and placed on the market, including letter heads, note heads and envelopes, all of which are ornamented with halftone reproductions of rural New Hampshire scenes. Two of the views are taken in Cheshire county, one being from a photograph of Monadnock and Dublin pond, from the northwest, and another a view of one of Keene's little red schoolhouses. Receiver John E. Allen of the Cheshire County Mutual Fire Insurance company is sending out a second notice to policy holders for the payment of the assessment ordered by the courts. Suits are to be brought for the collection of claims after August 20. The Keene Five Cents Savings bank will pay an additional dividend of 121-2 per cent to its depositors August 1, 1899. The assignee of the defunct Derryfield Savings bank of Manchester has announced another dividend of 15 per cent. This dividend makes a total payment of 90 per cent. Josie Mansfield, in other days the noted belle who ruled the hearts of Jim Fiske and many other New York magnates, has been living for the past three years at Ossipee, an almost helpless invalid. She was recently moved to a Philadelphia hospital. In spite of her sufferings, she is said to be still a beautiful woman, at the age of forty-five.