Cape Ann Savings Bank (Gloucester, MA)

Episode Information

Episode UID
53025371162
Episode Type
Suspension → Reopening
Bank Type
savings
Bank ID
5302537 routing
Routing Number
53-0253
Start Date
October 8, 1896
Location
Gloucester, Massachusetts (42.616, -70.662)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9b09d828f3059535

Response Measures

None

Events (2)
1. October 8, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Treasurer George J. Marsh committed suicide and investigations disclosed missing/trust-fund shortages attributed to his defalcations, prompting the bank to close temporarily.
Newspaper Excerpt
a notice was posted on the doors of the Cape Ann Savings bank, stating that the institution had been closed.
Source
newspapers
2. October 9, 1896 Reopening
Newspaper Excerpt
The Cape Ann Bank opened its doors this morning for business, contrary to expectations. There was no 'run,' although a number of people ... asked to withdraw their deposits. The requests were granted in all cases where the accounts are less than $50. Upon all deposits above this amount the bank officials will exact sixty days' notice of withdrawal, as provided by law.
Source
newspapers

Newspaper Articles (22)
1. October 9, 1896 Evening Star Washington, DC
Article from Evening Star, October 9, 1896

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GLOUCESTER'S SENSATION. Suicide of the Cape Ann Bank Treasurer the One Topic. GLOUCESTER, Mass., October 9.-The sensational suicide of Treasurer George J. Marshal of the Cape Ann Savings Bank yesterday, and the discovery that probably $100,000 in trust funds of the Gilbert estate and the Gilbert home were missing, is first in the minds of Gloucester people today. The bank treasurer was known to almost every business man in the city, and has, at different times, had dealings with many of them. The Cape Ann Bank opened its doors this morning for business, contrary to expectations. There was no "run," although a number of people who had bank books appeared soon after the doors were opened and asked to withdraw their deposits. The requests were granted in all cases where the accounts are less than $50. Upon all deposits above this amount the bank officials will exact sixty days' notice of withdrawal, as provided by law.

2. October 9, 1896 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, October 9, 1896

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NEW ENGLAND TROUBLES. Suicide of a Savings Bank President Discloses An Enormous Shortage of Trust Funds-Run on Cape Ann Bank. Glouoester, Mass., Oct. 9.-The sensational suicide of Treasurer Geo. Marshall, of the Savings bank, and the discovery that probably $100,000 of the truet funds of the Gilbert estate and the Gilbert home are missing, created much excitement in Gloucester. The Cape Ann bank opened this morning for business contrary to expectations. There was no run, although a number of people &ppeared and asked to withdraw their deposite. The requests were granted in all accounts of less than $50. On all deposits above this amount the bank officials will exact sixty day's notice of withdrawal. The general opinion is that the bank will be able to continue. An examination of the trust funds and securities held by the bank is being made in Boston to-day.

3. October 9, 1896 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, October 9, 1896

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GLOUCHESTER Mass., Oct. S.-At noon to-day a notice was posted on the doors of the Cape Ann Savings Bank, stating that the Institution had been closed. Immediately came the shocking news that George J. Marsh. for more than a quarter of a century the trusted treasurer of the bank. as well as treasurer and trustee for numerous large corporations and estates. had shot himself at this summer home. at Annisquam. Late to-night the bank officials stated that after a hurried examination no shortage could be found in Mr. Marsh's accounts with the institution. although the securities of the bank in Boston have not been examined. The trustees of the Gilbert Hospital corporation however, have a different story to tell. It appears from their statement that three months ago the trustees discovered Mr. Marsh was Insolvent. had been speculating heavily and had lost considerable money. The trustees of the corporation are also dlrectors of the bank. and the first intimation they had of any wrong was a note which vice president Cunningham recelved upon entering the bank this morning. The note was from Mr. Marsh and stated that his (Marsh's) dead body would be found in the cellar of his summer house at Annisquam: Two messengers were at once dispatched to Annisquam. six miles distant and when they arrived at the house Mr. Marsh was heard walking about a room in an upper story. The captain of his yacht. who is also janitor of the bank. was in the house. and on being informed of the contemplated suicide of his employer, went up stairs to prevent It. For some reason he came down again immediately and sent a messenger to Gloucester, but when he returned he found Marsh lying on the floor with a carbine in one hand and a revolver in the other The top of his head was completely blown off. while on a table near was a note saying: "If any one thinks this a cowardly act, let him try it." Marsh, who was a bachelor. lived the life of a recluse for many years. His home is on the extreme point of rock, almost inaccessible except by a narrow path. while there were no living rooms on the ground floor. It is known that he was very intemperate and during the past year had lost large sums in speculation. nevertheless havInc the full run of the bank. attending to all investments as well as those of the numerous corporations and estates with which he was connected. He was treasurer of the Cape Ann Savings Bank, of the Gilbert Home Corporation, of the Gilbert Hospital Corporation. and trustee of the Gilbert Charity Fund, the Gilbert estate. the Hough estate. the George H. Rogers estate. the Fuller-Davis estate, the estate of Sarah M. Johnson and the HIIdreth estate. One of his bondsmen stated In-night that Marsh's bond to the Gilbert Hospital would probably cover the shortage, but It is rumored that his speculation from the other estates will be more than $100,000. the Hildreth estate being the principal sufferer.

4. October 9, 1896 Great Falls Weekly Tribune Great Falls, MT
Article from Great Falls Weekly Tribune, October 9, 1896

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Paid the Penalty. GLOUCESTER, Mass., Oct. 8.-At noon today a notice was posted on the doors of the Cape Ann Savings bank, stating that the institution had been closed. Immediately came the shocking news that George J. Marsh, for more than a quarter of a century the trusted treasurer of the bank, as well as the treasurer and trustee for numerous large corporations and estates, had shot himself at issummer home at Annisquam. The first intimation the bank officials had of any wrong was a note which VicePresident Cunningham received upon entering the bank this morning. The note was from Marsh and stated that his (Marsh's) dead body would be found in the cellar of his summer home at Annisquam. Marsh was found lying dead on the floor with a carbine in one hand and a revolver in the other. The top of his head was completely blown off, while on a table near was a note, saying: "If any one thinks this a cowardly act, let him try it." The savings bank commissioners closed their examination of the books of the Cape Ann Savings Bank tonight and reported that the funds of the bank were intact. The deposits amounted to $5,300,217.87, and the guarantee fund is $170,000. The directors state if there is a run on the bank they will take advantage of the 60 day clause.

5. October 9, 1896 Wheeling Register Wheeling, WV
Article from Wheeling Register, October 9, 1896

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Gloucester, Mass., October 8.-At noon to-day a notice was posted on the doors of the Cape Ann Savings Bank, stating that the institution had been closed. Immediately came the shocking news that George J. Marsh, for more than a quarter of a century the trusted treasurer of the bank, as well as treasurer and trustee for numerous large corporations and estates. had shot himself at his summer home at Annisquam. Late to-night the bank officials stated that after a hurried examination no shortage could be found in Mr. Marsh's accounts with 'the institution although the securities of the bank in Boston have not been examined. The trustees of the Gilbert Hospital corporation, however, have a different story to tell. It appears from their statement that three months ago the trustees discovered Mr. Marsh was insolvent, and had been speculating heavily and had lost considerable money. The trustees of the corporation are also directors of the bannk and the first intimation they had of any wrong was a note which Vice President Cunningham received upon entering the bank this morning. The note war from Mr. Marsh and stated that his (Marsh's) dead body would be found in the callar of his summer home at Annisquam. Two messengers were at once dispatched to Annisquam. six miles distant, and when they arrived at the house Mr. Marsh was heard walking about a room in an upper story. The captain of his yacht, who is also janitor of the bank. was in the house, and on being informed of the contentplated suicide of his employer, went up stairs to prevent it. For some reason he came down again immediately and sent a messenger to Gloucester but when he returned he found Marsh lying on the floor with a carbine in one hand and a revolver in the other The tep of his head was completely blown off, while on a table near was a note saving: "If any one thinks this is a cowardly act, let him try it." Marsh, who was a bachelor, lived the life of a recluse for many years. His home is one the extreme point of rocks, almost inaccessible except by a narrow path. while there were no living rooms on the ground floor. It is known that he was very intemperate and during the past year had lost large sums in speculetion. nevertheless having full run of the bank. attending to all investments as well as those of the numerous corporations and estates with which he was connected. He was treasurer of the Cape Ann Savings Bank of the Gilbert Hospital Corporation, and trustee of the Gilbert Charity Fund, the Gilbert estate. the Hough estate, the George H. Rogers estate, the Fuller-Davis estate, the estate of Sarah M. Johnson and the Hildreth estate. One of his bondsmen stated to-night that Marsh's bond to the Gilbert Hospital would probably cover the shortage, but it is rumored that his peculation from the other estates will be more than $100,000. the Hildreth estate being the principal sufferer.

6. October 9, 1896 The Providence News Providence, RI
Article from The Providence News, October 9, 1896

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OPENED ITS DOORS. No Run Yet Made on Cape Ann Savings Bank. Commissioners Examining the Securities of the Institution. GLOUCESTER, Mass., Oct. 9.-The sensational suicide of Treasurer George J. Marsh of the Cape Ann Savings Bank and the discovery that probably $100,000 in trust funds of the Gilbert estate and the Gilbert home were missing was first in the minds of Gloucester people this morning. Only a small percentage of its citizens and business men learned of the affair last night, as it was almost evening before the actual news became known. The surprise excited by last night's deveolpments was therefore greatly augmented this morning and everybody practically was discussing Marsh's untimely end. Mr. Marsh was known to almost every business man in the city and has at different times had dealings with many of them. The Cape Ann Bank opened its doors this morning for business, contrary to expectations. There was no demonstration by depositors that might be construed as a Run." Quite a number of people, most of whom had bank books, appeared soon after the doors were open, and they left their books for adjustment and asked to withdraw their deposits. The requests will be granted in all cases where the accounts are less than $50. Upon all deposits above this amount the bank officials will exact the usual 60 days' notice of withdrawal, as provided by law. The general opinion of business men here is that the bank will be able to continue without difficulty as it was one of the strongest savings instiution in the State. An examination of trust funds and securities held by the bank, is being made at Boston this forenoon. The securities are deposited with the Union Safe Deposit Company, in that city, and last night the bank commissioners determined to go to the vaults today and make a thorough examination. The exact condition of the bank cannot be announced until after this work is completed.

7. October 9, 1896 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, October 9, 1896

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Run on a Bank. GLOUCESTER, Mass., Oct. 9.-Intense excitement prevails here to-day over the suicide of Treasurer Marsh, of the Cape Ann Savings Bank. At an early hour a number of women were upon the street waiting for the bank to open SO that they might withdraw their deposits. The officials, acting under in structions from the examiners, opened the bank for business as usual at 9 o'clock and at that time from forty to fifty women with their bank books in their hands rushed in and passed them over the counter. All were accepted and the deposits paid. The withdrawals up to 10:30 o'clock this morning were made by women and were in small amounts. The bank officerssay that under the present circumstances the notification rule on the withdrawal of large deposits will be enforced. There will be no trouble, they say, as the depositors' money is safe, but they do not wish to sacrifice any securities and think the excitement created will disappear as soon as the situation is fully understood. The bank securities are nearly all deposited in Boston and a telegram from that city to-day says that they are all right. This has had a good effect upon the general public. Mr. Marsh was trustee and guardian for several prominent estates and it would not surprise many if his embezzlement reached from $100, 000 to $150,000, besides the loss of his own fortune.

8. October 9, 1896 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, October 9, 1896

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ENDED HIS CAREER. A. Bank Treasurer Blows His Brains Out Because of Dishonesty, Gloucester. Mass., October 8.-At noon today a notice was posted on the doors of the Cape Ann Savings bank stating that the institution had been closed. Tmmediately came the shocking news that Geo, J. Marsh, for more than a quarter of a century the trusted treasurer of the bank, had shot himself at his summer home set Annisquam. By Mr. Marsh's body was found a note, saying: "If anyone thinks this a cowardly act, let him try it." Marsh, who was a bachelor. lived the life of a recluse for many years. It is known that be was very intemperate, and during the last few years had lost large sums in speculation. He was treasurer of the Cape Ann Savings bank, of the Golden Home corporation, of the Gilbert hospital corporation and the trustee of the Gilbert charity fund. the Gilbert estate, the Hough estate and Geo, H. Rogers estate, the Fuller-Davis estate, the estate of Sarah M. Johnson and the FIIL dredth estate. One of his bondsmen stated today that Marsh's bond to the Gilbert hospital would probably cover his shortage to that corporation, but it is rumored that his pecaintions from other estates will be more than $100,000. the Hildreth estate being the principal sufferer. His accounts with the bank are said to be all right. The deposits amount to $3,300,217. The directors state if there is a run on the bank they will take advantage of the six day clause.

9. October 9, 1896 Evening Journal Wilmington, DE
Article from Evening Journal, October 9, 1896

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FRAUD AND SUICIDE. A Bank Official Squanders Trust Funds and Ends His Life. GLOUCESTEP, Mass., Oct., Oct. 9-A notice was posted on the doors of the Cape Ann Savings bank yesterday afternoon stating that the institation had been closed. The news had scarcely spread abdut the city when the residents were shocked to hear that George J. Marsh, for more than a quartor of a century the trusted treasurer of the bank as well as treascrer and trustee for numerous Jarge corporations and estatos, had shot himself at his summer home at Annisquam. The bank officials state that after a hurried examination by the savings bank commissioners no shortage could be found in Mr. Marsh's accounts with the institution, although the securities of the bank in Boston have not been examined. The trustees of the Gilbert Hospital corporation, however, tell another story. It appears from their statement that three months ago the trustees discovered that Mr. Marsh was insolvent. The trustees in the meantime learned that Marsh had been speculating heavily and had lost considerable money. They then called upon him to produce the securities of 'the corporation, and yesterday was set as the time when they should be turned over. The trustees of the corporation are also directors of the bank, and the first intimation they had of anything wrong was a note which Vice President Cunningham received upon entering the bank yesterday. The note was from Mr. Marsh and stated that his (Marsh's) dead body would be found in the cellar of his summer home at Annisquam. Two messengers were at once dispatched to Annisquam, six miles distant, and when they arrived at the house Mr. Marsh was heard walking about a room in an upper story. The captain of his yacht, who is also janitor of the bank, was in the house, and on being informed of the contemplated suicide of his employer went up stairs to prevent it. For some reason he came down again immediately and sent a message to Gloucester, but when he returned. going in by way of the cellar, he found Marsh lying on the floor with a carbine in one hand and a revolver in the other. The top of his head was completely blown off, while on a table near was a note saying: "If any one thinks this a cowardly act, let him try it.' He was treasurer of the Cape Ann Savings bank. of the Gilbert Home corpora tion, of the Gilbert Hospital corporation 1 and trustee of the Gilbert Charity fundy a the Gilbert estate, the Hough estate, the George H. Rogers estate, the Fuller-Davis estate, the estate of Mrs. Sarah M. Johnson and the Hildreth estate. One of his bondsmen stated that Marsh's bond to the Gilbert hospital would probably cover the shortage, but it is rumored that his speculations from the other estates will be more than $100,000, the Hildreth estate being the principal sufferer. Marsh, who was a bachelor, lived the life of a recluse for many years. His home is on the extreme point of rocks. almost inaccessible except by a narrow path while there were no living rooms on the ground floor. It is said that he was very d intemperate and during the past year d had lost large sums in speculation, never i. theless having full run of the bank, at y tending to all investments as well as those e of the numerous corporations and estates t with which he was connected.

10. October 9, 1896 The Providence News Providence, RI
Article from The Providence News, October 9, 1896

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After Bank President Had Shot Himself. Mr. Marsh Had Lost Very Heavily In Speculation. Peculations From Estates May Reach More Than $100,000. Gloucester, Mass., Oct. 9. - At noon yesterday notice was posted the doors of the Cape Ann Savings bank, stating that the institution had been closed. The news had scarcely spread about the city when the residents were shocked to hear that George J. Marsh, aged 62, for more than a quarter of a century the trusted treasurer of the bank, as well as treasurer and trustee for numerous large corporations and estates, had shot himself at his summer home at Annisquam. Late last night the bank officials stated that after a hurried examination by the savings bank commissioners, no shortage could be found in Mr. Marsh's accounts with the institution, although the securities of the bank in Boston have not been examined. The trustees of the Gilbert hospital corporation, however, have a different story to tell. Pt appears from their statement that three months ago the trustees discovered that Mr. Marsh was insolvent. The trustees in the meantime learned that Marsh had been speculating heavily, and had lost considerable money. They then called upon him to produce the securities of the corporation, and yesterday was set as the time when they should be turned over. The trustees of the corporation are also directors of the bank, and the first intimation they had of any wrong was a note which Vice President Cunningham received upon entering the bank yesterday morning. The note was from Mr. Marsh, and stated that his (Marsh) dead body would be found in the cellar of his summer home at Annisquam. Two messengers were then dispatched to Annisquam, six miles distant, and when they arrived at the house, Mr. Marsh was heard walking about a room in an upper story. The captain of his yacht, who is also janitor of the bank, was in the house, and, on being informed of the contemplated suicide of his employer, went up stairs to prevent it. For some reason he came down again immediately, and sent a message to Gloucester, but when he returned. going

11. October 10, 1896 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, October 10, 1896

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MARSH'S DOWNFALL. It Was Due to speculation in Stocks Largely in "Bucket Shops." Gloucester, Mass., October .-Inte nse excitement prevails here today over the suioide of Treasurer Marsh of the Cape Ann Savings bank. At an early hour a number of women were upon the street waiting for the bank to open so that they might withdraw their deposits. Excitement this afternoon was somewhat abated when it was found that men of wealth had offered to pay the depositors at the savings bank 97 cents on the dollar, if they were going to draw out the deposits on account of the suicide of Treasurer Marsh, which offer was a means of rsstoring confidence. Hence the deposits dawn from the bank would not aggregate more than $2000 or $3000, while there wasquite A number who made deposits. The only defalcation discovered, was in the Gilbert trust funds and $20,000 of that is made good by Mr. Marsh's bond, which only leaves a deficiency of about $18,000. It is thought the other funds of which Mr. Marsh was trustee and guardian may be intact. The bank will open tomorrow morning AS usual. It is stated that Mr. Marsh's downfall is due to speculation in stocks, largely in local 'bucket shops." A hasty investigation into the affairs of the lite Dr. Charles H. Hildreth, who died a few years ago leaving an estate valued from $28,000 to $30,000, mostly personal property, of which George J. Marsh WIS guardian, reveals the fact it is said, that the property has about all been wiped out. Those who claim to know say that not more than $5000 of the estate can be accounted for and about $25,000 must have been embezzled. Dr. Hildreth left a widow and one son in this city. from whose residence the funeral of Mr. Marsh will take place tomorrowafternoon.

12. October 10, 1896 Albuquerque Weekly Citizen Albuquerque, NM
Article from Albuquerque Weekly Citizen, October 10, 1896

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sensational suicide Gloucester Mass. Oct. I he sensa total suicide of Treasurer George Mar shall. of the Savings bank and the di covers of probably #1. LIMIT trust funds of the Gilbert estate and Gilbert home mis-ling. created great excitement in The Cape Ann bank opened this morning for business contrary to expectations There was no run. al though a number of propolar appeared and asked to withdraw deposits Requests were granted on all accounts less than find on all deposits above this amount the bank officials will exact -IXIV days notice of withdrawal. The general opin 1011 14 that the bank will the able to con time. Examination of the tru-1 funds and securities to Id by the bank 14 being made in Boston to-day

13. October 10, 1896 The Roanoke Daily Times Roanoke, VA
Article from The Roanoke Daily Times, October 10, 1896

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$100,000 MISSING. That is the Amount That Suicide Marsh Probably Got Away With. Gloucester, Mass., Oct. 9.-The sensationai suicide of Treasurer George J. Marsh, of the Cape Ann Savings Bank, and the discovery that probably $100,000 in trust funds of the Gilbert "estate and the Gilbert Home were missing, is still first in the minds of Gloucester people. The bank opened its doors this morning for business, contrary to expectations. There was no "run," although a number of people who had bank books appeared soon after the doors were opened and asked to withdraw their deposits. The requests were granted in all cases where the amounts were less than $50. Upon all deposits above this amount the bank officials will exact thirty"days' notice of withdrawal, as provided by law. The general opinion of business men here is that the bank will be able to continue.

14. October 10, 1896 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, October 10, 1896

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THE MARSH SUICIDE. It Is the Tal: of Gloucester-Bank Did Not Close Its Doors. GLOUCESTER, Mass.. Oct. 10.-The sensational suicide of Treasurer Ceorge J. Marsh of the Cape Anne Savings bank. and the discovery that probably $100,000 in trust funds of the Gilbert estate and the Gilbert Home, were missing, is first in the minds of Gloucester people. The bank treasurer was known to almost every business man in the city and has at different times had dealings with many of them. The Cape Anne bank opened its doors for business, contrary to expectations. There was no eople who had run, though a number bank books appeared soon after the doors were opened and asked to withdraw their deposits. The requests were granted in all cases where the accounts are less than $50. Upon all deposits above this amount the bank officials will exact 60 days' notice of withdrawals provided by law. The general opinion of business men here is that the bank will be able to continue. An examination of trust funds and securities held by the bank is being made at Boston. The securities are deposited with the Union Safe Deposit company in that city, and the bank commissioners have determined to go to the vaults and look them over carefully. The exact condition of the bank cannot be announced until after this work is completed.

15. October 10, 1896 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, October 10, 1896

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CAPE ANN SAVINGS BANK. The Institution Opens Its Doors and Begins Paying Depositors. GLOUCESTER. Mass., Oct. 9.-The sensational suicide of Treasurer' George J. Marsh, of the Cape Ann Savings Bank, and the discoverey that probably $100,000 in trust funds of the Gilbert estate and the Gilbert Home were missing, is first in the minds of Gloucester people to-day. The bank treasurer was krown to almost every business man in the city, and has at different times had dealings with many of them. The Cape Ann Bank opened its doors this morning for business, contrary to expectations. There was no "run," although a number of people who had bank books appeared soon after the doors were opened and asked to withdraw their deposits. The requests were granted in all cases where the accounts were less than $50. Upon all deposits above this amount the bank officials will exact sixty days' notice of withdrawal, as provided by law. The general opinion of business men here is that the bank will be able to continue. An examination of trust funds and securities held by the bank is being made at Roston. The securities are deposited with the Union Safe Deposit Company, in that city, and last night the Bank Commissioners determined to go to the vaults today and look them over carefully. The exact condition of the bank cannot be announced until after this work is completed. Ex-President King Arrested. ROME, Ga., Oct. 9.-Ex-President Jack King, of the Merchants' National Bank of

16. October 10, 1896 The Bryan Daily Eagle Bryan, TX
Article from The Bryan Daily Eagle, October 10, 1896

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THE BANK OPENED. Gloucester Worked Up Over the Sulcide of George Marsh, GLOUCESTER, Mass., Oct. 9.-The sensational suicide of Treasurer George J. Marsh of Cape Ann Savings bank and the discovery probably of $100,000 in trust funds of the Gilbert estate and the Gilbert home missing, was first in the minds of the Gloucester people today. The Cape Ann bank opened its doors this morning for business contrary to expectations. There was no run, and the general opinion among business men here is that the bank will be able to continue. The examination of the trust funds and securities held by the bank is being made at Boston, and the exact condition of the bank cannot be announced until after this work is completed.

17. October 10, 1896 The Evening Bulletin Maysville, KY
Article from The Evening Bulletin, October 10, 1896

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CAPE ANN TRAGEDY. Treasurer Marsh's Shortage Is Probably $100,000. GLOUCESTER, Mass., Oct. 10.-The sensational suicide of Treasurer George J. Marsh of the Cape Ann Savings bank, and the discovery that probably $100,000 in trust funds of the Gilbert estate and the Gilbert home were missing, is first in the minds of the Gloucester people to-day. The bank treasurer was known to almost every business man in the city, and has at different times had dealings with many of them. The Cape Ann bank opened its doors yesterday for business, contrary to expectations. There was no "run," although a number of people who had bank books appeared soon after the doors were opened and asked to withdraw their deposits. The requests were granted in all cases where the accounts are less than $50. Upon all deposits above this amount the bank officials will exact 60 days' notice of withdrawal as provided by law. The general opinion of business men here is that the bank will be able to continue. An examination of trust funds and securities held by the bank is being made at Boston. The securities are deposited with the Union Safe Deposit company, in that city, and the bank commissioners determined to go to the vaults there and look them over carefully. The exact condition of the bank can not be announced until after this work is completed.

18. October 10, 1896 New-York Tribune New York, NY
Article from New-York Tribune, October 10, 1896

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TREASURER MARSH WAS A DEFAULTER. HIS BANK ALL RIGHT. BUT THE GILBERT FUND IS SHORT. Gloucester, Mass., Oct. 9.-Excitement continued here to-day over the suicide of Treasurer Marsh, of the Cape Ann Savings Bank. The officials opened the bank for business as usual at 9 o'clock, and at that time from forty to fifty women, with their bank-books in their hands, rushed in and passed them over the counter. All were accepted and the deposits paid. The trustees said the Commissioners examined the bank a few days ago and that no irregularity was found, and when they learned that the treasurer had committed suicide they came here again last night, and after looking over the bank's books, corroborated their former statement. The bank officers say that the notification rule on the withdrawal of large deposits will be enforced. Mr. Marsh was trustee and guardian for several estates, among them the Gilbert Fund, the officers of which informed the press that a short time ago they found Mr. Marsh investing heavily in stocks and asked that a report be made. Marsh produced the securities on Wednesday, and on examination It was found that the fund was short. It was then that Mr. Marsh was asked to be present at a meeting called for 10 o'clock yesterday. The trustees of the Gilbert Fund have found among the effects of Mr. Marsh a statement of the shortage in that fund, which is as follows: Gilbert Hospital, $18,300; Gilbert Home, $19,100; residuary Gilbert Fund, $5,000; total, $42,400. Covering the first two there are bonds of $10,000 each, which make the net loss to those institutions $22,400.

19. October 12, 1896 The Daily Herald Brownsville, TX
Article from The Daily Herald, October 12, 1896

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THE BANK CLOSED. And a Few Moments Later Its Treasurer Was a Corpe. Gloucester, Mass., Oct. 8At noon today a notice was posted on the doors of the Cape Ann Savings Banks staing that the institution had been closed. Immediately came the shocking news that George J. Marsh, for more than a quar ter of a century the trusted treasurer of the bank, had shot himself at his summer home at Annisquan. By Mr. Marsh's body was found a note stating: "If anyone thinks this is a cowardly act let him try it." Marsh, who was a bachelor, lived the life of a recluse for many years, It is known that he was very intemperate and during the last few years had lost large sums in speculation. He was treasurer of the Cape Ann Savings Bank, of the Gold Home Corporation, of the Gilbert Hospital Corporat on and trustee of the Gilbert Charity Fund, the Gilbert estate the Hough estate and George H. Rogers estate, the e Fuller Davis estate, the estate H of Sarah M. Johnson and the = Hildreth estate. One of his is bondsmen stated today that Marsh's bond to to the Gilber nt Hospital would probably cove his shortage to the corporation y but it is rumored that his pecu 11 lations from other estates wil in be more than $100,000, th Hildreth being the principa sufferer. His accounts with the bank are said to be a of right. The deposits amount as to $3,300,217, The director state if there is a run on th y bank they will take advantag id of the six days clause. orn

20. October 16, 1896 The Iola Register Iola, KS
Article from The Iola Register, October 16, 1896

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MRS. PHILIP MEARA, the oldest 10 41 u cad pue FAVE () 10 III p 2g 4221 an no Telp Cannda 19 ": 020 14 14, 131 dren ant over 200 great grandehildren survive her. EIGHT persons were injured by the derailing of an electric ar on the Madison treet line at Chicago recent y. Some of them may not survive their wounds. FRANKLIN H. WHITNEY died on the 11th at Atlantic, Ia. He had lived in Cass county 40 years and founded the city of Atlantic. SOME one recently poisoned 40 jack rabbits at the state fair grounds at Dallas, Tex. They were located there to run races as a fair attraction AGENT WISDOM. of the five civilized tribes in the Indian territory, began the payment to the Shawnees and Delawares on the 12th of the Cherokee strip money, each member of the tribe receiving $265. A CALL has been issued for a meeting of the National Educational association to be held at Milwaukee during the first week in July, 1897. BUFORD OVERTON was hanged at Harlan, Ky., on the 12th for the murder on June 21, 1895, of Gustave and Julia Loeb, Jewish peddlers A great crowd from all the surrounding country gathered to see the hanging. A BOSTON dispatch on the 12th stated that Helen Kellar, the blind and deaf girl, had passed the Harvard examination with credit and will enter the Harvard annex at a younger age than most freshmen. A HURRICANE swept along the Atlantic coast on the 12th and did much damage. At Coney Island, N. Y., the beach was swept clean and bathing houses and board walks were carried out to sea. AT the final day of the Christian Alliance convention in Carnegie hall, New York on the 11th the subscriptions secured for missionary work amounted to $110,000. A DOUBLE execution took place on the 11th at Wewoka, capital of the Seminole nation, Charles Hadworth and Henry Welsh, half-breed Indians, being shot to death by four Indian police. standing 20 feet distant. Both murderers fell back into their coffins dead. Two days before a full-blood Indian was legally shot for a murder 0.50 mouths xis committed REPORTS stated that 100 women are engaged in selling whisky to the Osage, Otoe. Ponca and Creek Indians on the border of Oklahoma and that it was dangerous for a deputy marshal to appear in that country alone. A party of deputies brought to Guthrie, Ok., on the 10th a dozen whisky sellers, mostly Indians. FORTY special train loads of people visited Maj. McKinley at Canton. O., on the 10th. They came from Iowa, New York, Kentucky. Pennsylvania, Michigan. Indiana. Illinois, Missouri, West Virginia, Maryland and Oh O. C. T. COLE. cashier of the National bank of Corning. 13., has been arrested by the United States marshal on a charge of embezziement. The deficit about s! MOST REV. EDWARD WHITE BENSON. D. D., archbishop of Canterbury and primate of all England, was stricken with apoplexy while attending church on the 11th and died almost immediately. J. D. SAIR, one of the men who robbed the bank of Sherburne. Minn., and shot the cashier and a bystander, was surrounded in a farmhouse by a posse, when he jumped through a window and fatally shot Marshal Gallion and got into a cornfield. Then seeing that there was no chance of escape the robber shot his own,brains out. Almost the entire amount of money stolen was found on the dead man. THE Jasner county jail burned at Paulding, Miss., during the night of the 9th, and two prisoners, E. A. Strickland, charged with forgery. and Mollie Daniels, a crazy negress, were cremated. Strickland had stated that unless opium was brought to him he would burn the jail. JOSEPH PENTACOST. of Guthrie, Ok., was reported as lying very low from the effects of a bite from a spider. Within a short time four people have been bitten in that city and a dozen at other points in that territory. all suffering greatly and one dying. Those who are bitten suffer bad effects for months after the first sickness is gone. A NOTICE was posted on the doors of the Cape Ann Savings bank on the 8th at Gloucester. Mass., stating the institution had been closed. Soon after came the news that George J. Marsh, for more than a quarter of a century the trusted treasurer of the bank, had shot himself at his summer home at Annisquam. He was short in his accounts.

21. October 17, 1896 The Universalist Chicago, Cincinnati, IL
Article from The Universalist, October 17, 1896

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GEORGE J. MARSH, Treasurer of the Cape Ann Savings Bank at Gloucester, Mass., committed suicide on Thursday by shooting himself. It was learned yesterday that Marsh was short $40,000 in his accounts as trustee of the Gilbert Fund. He had been speculating heavily, and it is supposed used money of other estates which be held in trust. It is stated that the bank's funds are intact. There was a slight run by small depositors.

22. October 22, 1896 Iowa County Democrat Mineral Point, WI
Article from Iowa County Democrat, October 22, 1896

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The Chinese government has given consent for the building of a branch of the Siberian railway across northern Manchuria, but refused consent to the proposed branch through scuthern Manchuria. There was no run on the Cape Ann savings bank at Gloucester, Mass., atter the suicide of Treasurer Geo. Marsh, the $100,000 defaulter.