Kingston Savings Bank (Kingston, RI)

Episode Information

Episode UID
387969991314
Episode Type
Suspension โ†’ Closure
Bank Type
savings
Bank ID
38796999 hash
Start Date
June 11, 1909
Location
Kingston, Rhode Island (41.480, -71.523)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
54e7c3335dba0c09

Response Measures

None

Description

Receivership begun in 1909 with later plan to consolidate; final outcome (formal takeover) not fully documented in these clips.

Events (4)

1. June 11, 1909 Suspension
Cause
Government Action
Cause Details
State Bank Commissioner Goodwin took possession as temporary receiver on June 11, 1909 and the bank was placed in receivership
Newspaper Excerpt
The receiver for the Kingston Savings bank reported.../ report of State Bank Commissioner Goodwin as to the condition of the Kingston savings bank, of which he is temporary receiver, and asked that the receivership be continued
Source
newspapers
2. April 18, 1911 Other
Newspaper Excerpt
The receiver for the Kingston Savings bank reported that within a year he believed the bank would be solvent and competent to continue business. The receivership was continued to the September term.
Source
newspapers
3. September 20, 1911 Other
Newspaper Excerpt
report of State Bank Commissioner Goodwin as to the condition of the Kingston savings bank, of which he is temporary receiver, and asked that the receivership be continued... there is a surplus of $432.74 ... the affairs of the bank are fast improving and ... should be in condition to resume business
Source
newspapers
4. April 17, 1912 Other
Newspaper Excerpt
Bank Commissioner Goodwin, as temporary receiver for the Kingston Savings bank, made a verbal report ... the bank was solvent and had a surplus of $400.31 ... leading up' to a dissolution of the receivership and the consolidation of the bank with a stronger institution in Providence.
Source
newspapers

Newspaper Articles (3)

Article from Norwich Bulletin, April 18, 1911

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Article Text

Peter Laprise was arrested at White Rock, Sunday evening, charged with striking Mrs. Annie Gill in the head with a poker. both families reside in the same house near the White Rock mill and the assault was the result of a row between the tenants. Mrs. Gill declined to appear against him and substantiate the complaint in the Third district court, Monday morning. Judge Williams, after questioning Laprise. adjudged him guilty, and suspended judgment upon payment of costs. Judge Charles F. Stearns is the prosiding justice at the April session of the superior court, which convened at Kingston, Monday. The grand jury was empanelled with Charles J. Greene of Richmond as foreman, and retired for the consideration of the case of William E. Arnold. charged with keeping a gambling place at Narragansett Pier. Provided the business at Kingston is finished, the court will hold session at Westerly, commencing May 2. Seventeen cases will be assigned for hearing at that time. The receiver for the Kingston Savings bank reported that within a year he believed the bank would be solvent and competent to continue business. The receivership was continued to the September term. Upon motion of Harry B. Agard, attorney, Hugh C, Ecclestone was ordered to pay his wife $25 for counsel fees, $10 for witness fees and $2 a week, and house rent, during the pendency of petition for divorce.


Article from Norwich Bulletin, September 20, 1911

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Article Text

la the superior court for Washington county, now in session at Kingston, Assistant Attorney General Henry W. Greenough, presented the report of State Bank Commissioner Goodwin as to the condition of the Kingston savings bank, of which he is temporary receiver, and asked that the receivership be continued for a time until the bank is fully rehabilitated. The report shows that instead of a defieit of $28,931.59 when Mr. Goodwin took possession, June 11, 1909, that there is a surplus of $432.74, as based on market values. Since he last made report to the court at the April session there was been a proncunced gain for the bank. At that time the deficit had been reduced to $3,839.68. The bank liabilities remain the same as when he took charge, which is $275,110.26, and of this $272,296.63 is due depositors. Mr. Goodwin says that the affairs of the bank are fast improving and that, in his opinion. the bank, in a comparatively short time, should be in condition to resume business and be among the sound banking institutions of the state. Assistant Attorney General Greenough asked that the matter be continued to the February term of court. Attorney B. W. Case who represents a large number of creditors, assented to this, and Judge Elmer Rathbun so ordered. The grand jury returned two indictments, one against Ernest A. Moore of North Kingston, charged with assault with a dangerous weapon, and the other against Abbie Sweet of Exeter, charged with maintaining a liquor nuisance. The jury failed to return indictments in two liquor cases brought against Tomasso Benanti of Peace Dale, and Santo Tizzatio of Westerly. This completed the duty of the grand jury and the jurors were discharged. Westerly was represented on this jury by Sheldon T. Hoxie, L. Walter Potter, James E. Riddell. Frank H. Cordner and Walter E. Wheeler. The cases against the Davisville grange, brought by Charles F. Hill and his wife. Julia Hill, both now deceased, and Mrs. Louisa Young, who were expelled from the grange, is on the docket of the superior court for trial at the present session. In an equity case of Mr. Hill against the grange, Attorney Bellin, for the complainant, announced the death of Mr. Hill. As the death ends this case to a large extent, Attorney Allen, for the grange, moved that the court give notice by publication that at the November session a motion to dismiss will be heard. This is intended to permit any legal representative of Mr. Hill to come in and be heard, and as this particular case involves property rights, It is probable that an administrator will be appointed and enter an appearance in the case, Since the suits were brought, both Mr. and Mrs. Hill have died. Mr. Hill about two months age, and it is said that he made deathbed request that the cases be pressed in the courts to the end. The other case, involving practically the same matter, yet brought by Louisa Young, came up in court, and Attorney Allen was given three weeks in which to answer, and Attorney Bellin ten days in which to make reply. The Davisville grange has passed out of existence and the Quidnessett grange formed in its place. The cases are brought against the Davisville grange, enjoining the grange from selling or disposing of certain real estate held by the grange. Judge Edward M. Burke held reg. ular session of the Westerly probate court. Tuesday afternoon, which was of brief duration. The will of Ann Dowd deceased, which was admitted to probate over a month ago, nominated Cornellus Bransfield and Philip Dowd as executors of the estate, and


Article from Norwich Bulletin, April 17, 1912

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Article Text

Bank Commissioner Goodwin, as temporary receiver for the Kingston Savings bank, made a verbal report and the matter was continued nisi. The commissioner stated that the bank was solvent and had a surplus of $400.31, which amount will be increased by certain accrued interest. He said the condition of the bank was such as to be leading up' to a dissolution of the receivership and the consolidation of the bank with a stronger institution in Providence. Oscar Elimonski of Westerly was indicted by the grand jury, charged with an assault with a dangerous weapon, a knife, upon Michael Comisky. He was held on $1,000 bail for trial next Monday. Silas Randall, who was arrested in New London by Policeman James C. Sullivan, was indicted on the charge of breaking and entering in the daytime the dwelling of Sibley Smith and with larceny. He pleaded not guilty and was held in bonds of $1,000 for trial next Monday. John Franklin and Thomas G. Frye were indicted on a like charge committed in the dwelling of Daniel Spink, and were held for trial Monday in bonds of $500 each. Divorces were granted in the following Westerly cases: Ladora Keator from Harry C, Keator; Effie C. Wainwright from William A. Wainwright; Mary Collins from John J. Collins; Alice B. Whalen from Henry A. Whalen.