Epping Savings Bank (Epping, NH)

Episode Information

Episode UID
4228799091200
Episode Type
Suspension โ†’ Closure
Bank Type
savings
Bank ID
422879909 hash
Start Date
December 13, 1899
Location
Epping, New Hampshire (43.033, -71.074)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
63cd84612d130f28

Response Measures

None

Description

Closed at request of trustees and a receiver (Charles Knight of Exeter) was appointed.

Events (1)

1. December 13, 1899 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Heavy falling off in deposits and generally unsatisfactory business outlook; withdrawals exceeded deposits leading trustees to close and appoint a receiver.
Newspaper Excerpt
The Epping savings bank closed this morning. The Receiver, Chas. Knights of Exter, was appointed yesterday.
Source
newspapers

Newspaper Articles (7)

Article from Barre Evening Telegram, December 13, 1899

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Article Text

BANK CLOSES. Epping Bank Will Probably Square Accounts in Time. Epping, N. H., Dec. 13.--The Epping savings bank closed this morning. The Receiver, Chas. Knights of Exter, was appointed yesterday. A heavy falling in deposits, and unsatisfactory business outlook is the cause. In time the bank will probably pay in full. Concord, N. H., Dec. 13.-The last statement of the Epping bank shows liabilities about $50,000; assets same. Closed at request of bank's trustees.


Article from The Portland Daily Press, December 14, 1899

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Article Text

EPPING BANK FAILS. Manchester, N. H., December 13.-A special to the Union from Epping says that the Epping Savings bank failed to open its doors for business today. Upon application to the Supreme court,"Charles Knight of Exeter was yesterdav appointed receiver of the institution.


Article from The Sun, December 14, 1899

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Article Text

New Hampshire Savings Bank Fails. EPPING. N. H., Dec. 13.-The Epping Savings Bank failed to open its doors for business today. Upon application to the Supreme Court. Charles Knight of Exeter was vesterday appointed receiver of the institution. The failure is supposed to be due to a heavy falling off in deposits and a generally unsatisfactory business outlook.


Article from The Afro-American Advance, December 16, 1899

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Article Text

CONDENSED SPECIALS. Col. Julius Walker Adams is dead at his home at Brooklyn, aged N7 years, An unknown negro was lynched at Jones, La. for assault on a white woman The United Mine Workers of Alabama have declared open war on the Knights of Labor. A distinct earthquake shock was felt down the valley along the Wastach range, In Utah. The state reformatory at St. Cloud, Minn. has been damaged to the extent of $33,000 by fire. The prohibition national convention will be held in Chicago in the new Collseum building June 27, 1900 The Epping (N. H.) savings bank has failed and Charles Knight, of Exeter, has been appointed receiver A passenger train on the Jersey Central ran into a coal train near Allentown, Pa., and four men were killed Robert Cosman, Jr., pastor of St. John's church, Boston, has been chosen bishop of the Protestant Episcopal diocese of Maine, Adelbert 8. Hay, the newly-appointed United States consul at Pretoria, has salled for London on the way to his post. All the big coal mines in Webster coun. ty, In. are reported tied up by the strike of the miners, who demand increased wages. The tobacco growers of South Carolina have begun a movement to raise the price of the product throughout the southern states. A call has been Issued for a emperence in Chicago on the anniversary birthday of Lincoln, February 12, 1900, of the ant. trust organization. W. F Carter, former postmaster at Mc:drim, Ga., was sentenced to two years in the Ohio penitentlary for embeazing $500 of post office funds. Irving Shaw, aged 14. of Providence, N. Y., was convicted of murdering his playmate. Jesse Blanche, and sentenced to life Imprisonment at Saratoga, N. Y Louis A. Goldsmith, the defaulting asstatant cashier of the national bank of Port Jarvie. N. Y., has disappeared and a warrant has been issued for his arrent. At Walstron, Pa., Mrs. A. J. Clarke was burned to death, her husband fatally burned, and their little daughter very seriously injured as the result of using oil to start a fire.


Article from The Vermont Watchman, December 20, 1899

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Article Text

DOMESTIC NEWS. WASHINGTON, Dec. 12 - At the meeting of the execu ive committee of the National Republican League held here today it was decided to hold the nex Republican League convention at St. Paul, Minn., July 19, 1900. There was a special contest for the convention between Galveston, Indianapolis, Sioux Falls and St. Paul but the latter place won by a vote of 25 to 20 for all others. Vermont and other New Eng. land states voted for St. Paul. Vermont was represented at the meeting today by Gen. J. J. Estey of Brattleboro and Col. C. S. Forbes of S. Albaus. Vermont will be entitled to fourteen delegates in the Na ional League C nvention. NEW HAVEN, Dec. 13 -An attempt was made at 1:30 this morning, by four men, to rob the Savings Bank at Deep River, Conn., but they were discovered by Henry Tyler, employed in the bank as watchman, who found the gang working at the windows of the bank. He called to the gang to surrender, but instead they took to their heels and ran down a side street. Tyler opened fire, killing one, blowing the top of his head off. The other three escaped. The dead man was about thirty-five, wore a Derby hat and was well dressed. EPPING, N. H., Dec. 13 -The Epping Savings bank has closed its doors and is now in the hands of a receiver. It is not thought there is any reason for this action other than the lack of de posits, and all business pertaining thereto, making it impossible for its continuation at this time. It is thought that dollar for dollar will be paid on all deposits. WASHINGTON, Dec. 13-Geo. Leonard Wood has been appointed military governor of Cuba to relieve Gen. Brooks.


Article from Bellows Falls Times, December 21, 1899

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Article Text

IN NEW HAMPSHIRE. W. S. P. Sanderson has been appointed postmaster at Gilmanton. The extremely low water at Lake Sunapee has worked disaster to the state fish hatchery plant there. The property known as the J. C. Moore farm, situated on the White Oaks, between Lakeport and The Weirs, has been bought by R G. King of New York city for a summer residence. The consideration is stated to be $6,000. The Epping Savings bank has closed its doors at d a receiver has bee n appointed in the person of Charles Knight of Exeter. The last statement of the bank showed liabilities of about $50,000 and assets the same. It was closed at the request of the bank's trustees. Never in the history of the railroads was there so much business transacted at the Exeter Boston & Maine freight house in one month as during November. The receipts amounted to $2000 more than during the corresponding month of last year. Rev. A. C. Fay, pastor of the Congregational church in Nelson, and well known throughout Cheshire coun'y on account of his activity in the Sunday school work, has just received a unan mous call to the church in Gilsum, which he has now under consideration. The eighth annual report of the secretary of state. containing an abstract of the annual returns of corporations, is issued by the public printer under date of December 1, 1899. It contains reports of the conditions of 246 corporations organized under the laws of this state. The annual meeting of the Woodsum Steamboat company, which operates steamers on Lake Sunapee, was held this week at Concord, and a dividend of four per cent voted to stockholders. Directors chosen were: Hosea W. Parker, John Canty, Claremont; John F. Jones, A. Perley Fitch, Concord; D. R. and F. M. Woodsum, H. J. Wiggin, Sunapee. Hastings, a little village seated amid the White mountains on the boundary betw en Maine and New Hampshire, is the most unique town in the United States, if not in the world. It contains over 300 inhabitants at all times of the year, and in the winter months, when the lumber camps are full, the population is doubled. It has two large manufacturing establishments, business houses, fine re-dences,a postoffice, telephone and telegraph offices, an electric lighting plant, a railroad, a school and churches In fact, it has every convenience that a town can possibly have, yet it is not a town or city or plantation, or even an incorporated place, and the visit of the tax collector is an unknown thing. At a meeting of the governor and council the following were nominated: John E. Allen of Keene, to be judge of probate for Cheshire county to succeed John T. Abbott, resigned and Christopher H. Wells to be police justice of Somersworth, vice William D. Knapp, deceased. James B. Crowley was appointed police commissioner o, the city of Nashua, vice Charles H. Burke, term expired. Judge Allen is the y ungest son of the late Judge W. H. H A len of the supreme court. He is a native of Claremont and a graduate of Dartmouth in the class of 1894 and has practiced law in Keene for the past two years. A petition for his appointment was signed by


Article from Phillipsburg Herald, December 21, 1899

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Article Text

A Savings' Bank Closes Its Doors. Epping, N. H., Dec. 14.-The Epping Savings' bank failed to open its doors yesterday and Charles Knight, of Exeter, who had been appointed receiver, was in charge of the institution. The bank is a small one, the last statement on file shows deposits of $51,747. The bank commissioner states that the bank was closed at the request of the trustees. The institution is practically solvent, but of late the withdrawals have been far in excess of the deposits and it was thought best to close business.