Newport Deposit Bank (Newport, PA)

Episode Information

Episode UID
953234591143
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
95323459 hash
Start Date
March 23, 1895
Location
Newport, Pennsylvania (40.478, -77.134)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
aa179e56eb589ab7

Response Measures

None

Description

The bank failed to open due to an inability to settle an exchange account and general currency stringency; no run is mentioned.

Events (2)

1. March 23, 1895 Other
Newspaper Excerpt
Saturday afternoon they were unable to pay an exchange account with the First National bank of this place for $4,500.
Source
newspapers
2. March 25, 1895 Suspension
Cause Details
Unable to pay an exchange account with the First National bank for $4,500; failure to realize on obligations.
Newspaper Excerpt
The Newport Deposit bank, T. H. Milligan president, and J. H. Irwin cashier, failed to open its doors today.
Source
newspapers

Newspaper Articles (6)

Article from Rock Island Argus, March 26, 1895

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Article Text

Newport Bank Closed. NEWPORT, Pa., March 26.-The Newport Deposit bank, T. H. Milligan president and J. H. Irwin cashier, failed to open its doors. Saturday afternoon they were unable to pay an exchange account with the First National bank of this place for $4,500. The assets of the bank are placed at $262, 496 with liabilities of $150,298. It IS believed that the depositors will be paid in full. The failure to realize on obligations is assigned as the chief cause of the suspension.


Article from St. Paul Daily Globe, March 26, 1895

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Article Text

With Big Liabilities. NEWPORT Pa., March 25.-The Newport Deposit bank, T. H. Milligan president, and J. H. Irwin cashier, failed to open its doors today. Saturday afternoon they were unable to pay an exchange account with the First National bank of this place for $4,500. The assets of the bank are placed at $262,496, with liabilities at $160,298. It is believed that the depositors will be paid in full. The failure to realize on obligations is assigned as the chief cause of the suspension.


Article from Fort Worth Gazette, March 27, 1895

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Article Text

A SCHOONER BURNED. Boston, Mass., March 25.-A cable received today tells of the total destruction by fire and the saving of the crew (who landed in Havana) of the schooner Nina Tillson, Capt. Greene, from Baltimore to Galveston with coal. A. BANK FAILURE. Newport, Pa., March 25.-The Newport Deposit bank, T. H. Milligan president, and J. H. Irwin, cashier, failed to open today. Saturday afternoon they were unable to pay an exchange account with the First National bank of this place for $4500. The assets of the bank are placed at $264,500. with liabilities at $160,298. It is be. lieved that the depositors will be paid in full. The failure to realize on obligations is assigned as the cause.


Article from River Falls Journal, March 28, 1895

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Article Text

THE EAST. THE father of the Maine law, Gen. Neal Dow, celebrated his 91st birthday at his home in Portland. He received hundreds of congratulatory messages from prominent temperance workers in this country and in England. THE death of Gen. Adam Badeau, who was on the staff of Gen. Grant as military secretary and who afterwards served as secretary of the American legation in London, occurred at Ridgewood. N. J., at the age of 64 years. RALPH WILKES, the famous stallion owned by the Thayer brothers and valued at $75,000, died at Lancaster, Mass. THE Yale-Cornell crew will go to England to compete for the grand challenge cup at Henley in July. CLARENCE ROBINSON was sentenced for life at Buffalo, N. Y., and his wife given twenty years for murdering Montgomery Gibbs. AT the age of 116 years Mrs. Christie Washington (colored), died at Somerville, N.J. The eldest of her children is 89 years old. THE New York health officers discovered a man stricken with leprosy who had been living in a tenement for six years. EDWARD D. BOYLSTON, the oldest editor in the state, poet, author and millionaire, died at Nashua, N. H. RICHARD VAUX, a member of the Fifty-second congress, and noted for his philanthropy, aied in Philadelphia of the grip, aged 78 years. AT Tarentum. Pa., M. K. Sutton, a nonunion glassblower, was beaten to death by strikers armed with fence rails. BY the capsizing of their boat two members of a boating party at Philadelphia were drowned in the Delaware river. THE doors of the Newport deposit bank of Perry county, Pa., were closed. ONE of New York's most famous playhouses. Niblo's garden, closed its doors permanently. It was there that Patti. when a child of 8, made her debut. AT Millis, Mass., the Steel Edge Stamping and Refining company failed for $192,636. AT Marion. Pa., Mrs. John F. Core took her 2-year-old child to a well and dropped it in and the infant was drowned. THE death of Augustus S. Baker, said to be the oldest newspaper man in New Jersey, occurred at his home at Woodbury, aged 86 years. AT Binghamton, in the meetinghouse which was erected in 1742, the 150th anniversary of the foundation of the Second Parish Unitarian church was celebrated. THE wholesale dry goods house of E. S. Jaffray & Co. in New York, established in 1809, went into the hands of a receiver with liabilities of $2,500,000.


Article from Perrysburg Journal, March 30, 1895

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Article Text

ela government American citizens has against decided in the deformer's favor. Thurston of Hawaii has beMinister depart from Washington recall cided fore his to government can officially him. Secretary Herbert has torpedo contracted boat for of the construction of a cost of $150,000. the Holland type legislature at a is considering nuns a in public bill Minnesota which, if adopted, schools. will prevent teaching Citizens of Lexington, Neb., are to make urgSam Woi Tai, a Chinaman, ing for mayor of the place. bill the race house has passed a in connec- calcuIllinois to abolish truck stores state. lated with coal mines in the Louis tion of elections in St. eliminating have Revisors their work by books. will completed names from the poll Illinois 11,548 Republican leaders of the Humed urge phrey the pool legislature selling bill, to which defeat has creata storm. republican committee to sup- has Milwaukee circular urging voters judge. deissued Clemenston a for Supreme of port Emperor William, at the visited head Prince of the army, sword of Bismarck tachments and presented him a honor. Kozminski of Chicago Acade- has Maurice decorated with the Palmes been by the French government J. mique States Consul Enoch Smith- paralytic ers United died at Hioga, Japan, from a William attack. S. Kimball, vice-president and of American Tobacco company, corporations, identified the with many other Y. died at Rochester, Wilson, N. a veteran of Cedar- who ville, Sanford Ohio, was killed by robbers, set the house on fire. then R. Tucker, aged 51, an attorney in an John Jeffersonville, Ind., was killed aged 70. of with William Taylor, Ill., encounter W. Pascoe, of Galena, horses, prominent Joseph as a raiser of fine committed Glenn, suicide. a well-known resident death of Sandstone, Hugh Minn., was beaten to by Ole bank Anderson. at Mount Morris, Ill., with was The the safe being wrecked $150 was taken. dynamite. robbed, It is thought that only Incendiaries caused the total destruc- barns of Robinson & Co.'s $40,000. stock tion Decatur, Ind. Loss, near Altgeld has issued a proclama- 19, as tion Gov. designating Friday, April Arbor day. were killed and three others sawTwo injured men by the explosion Ohio. of a badly mill boiler near Van Wert, the has been offered in New York A bill senate to prohibit the wearing of tights All the by property women. of the whisky in trust acdeeded to the receivers, United cordance has been with the order of the States court. order of the dominion question governThe on the separate school ment read in the Manitoba legislature. appointed was Ludwig of Milwaukee Florence Judge T. Beattie receiver for the S. River Mining company Iron Anthony Comstock raided and Trinity archurch in New York an Baptist rested the organist for circulating obscene Von pamphlet. der Ahe, wife of the a well diMrs. baseball magnate, secured known the ground of infidelity. vorce on H. Shafer, general manager has George the Waukesha Water company, company of been appointed receiver of the by Judge operators Seaman. of Indiana are discus- one sing Coal a plan to form a pool like the recently effected in Ohio. Nashau Savings bank, the closed third The in New Hampshire, has realize on largest because of not being able to western Southern investments. passenger rates were reby local agents. stored New Orleans grand jury, investi- blame A the recent riots, lays authorities. the gating the trouble upon the state that for from Madrid minister Dispatches Senor Muruaga, Spanish and to the the United States, will resign forestall effort dismissal. was made ( in St. Louis Sa- to No the Sunday closing law. enforce stores kept their doors of open. Perry loons and Newport Deposit bank doors county, The Penn., will not open its to-day. An earthquake shock was felt at Yampa valley, Colo. of Lenox, Iowa, lost his L. fortune S. Milligan in board of trade speculation and committeed suicide. from all sections of the south Reports business to be rapidly improving show the stimulus of fine weather. under Ex-Congressman Richard Vaux, Phila- not for his philanthropy died years. in delphia ed of the grippe. aged 78 Edmund Ex-Lieutenant Governor of Nebraska, died of pneumonia office at Carnes, Seward. He was elected to the twice. Dr. W. M. B. Yonce, professor college, of Rev. languages at Roanoke at ancient Virginia, dropped dead in a church Salem. Morrison, a notorious murderer was Jim counterfeiter of Alabama, Toadvine. killed and while resisting arrest near has been proved that certain offlIt the Colorado reformatory shock- at cers Buena of Vista have been guilty of ing treatment to prisoners. Delaney of Milwaukee, was on the arMary in Washington, D. churches. C., rested of setting fire to two landcharge French, the incendiary, at jumper Walden Mo. Jim and thief, has been captured


Article from The Abbeville Press and Banner, April 10, 1895

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Article Text

Domestic. THE fourteen-year-old daughter of Jacob Dean, a farmer, who lives near Harmony, Caroline County, Md., was murdered while on her way to school. Her throat was cut from ear to ear. THE Commercial Bank. Cincinnati, Ohio. assigned. The bank was compelled to make good $50,000 worth of bad paper. A MASS-MEETING was held in Cooper Union to insist upon the passage by the Legislature of reform bills affecting New York City. JOHN A. BIGELOW, an actor. shot and instantly killed Amy Thill, an actress and artsts' model, in her room. New York City. Then he fired a bullet into his temple, inflicting a wound from which he died almost immediately. THE old Nashua Savings Bank. the fifth (argest in the State of New Hampshire, closed Its doors by order of the Bank CommissionMS. MRS. MARY ANN MEDINGER was killed by a trolley car in Brooklyn. She was the trol!ey's one hundred and seventh victim in the city. OWING to the enormous demand for our apples abroad the retail price of good fruit advanced to fancy figures. THE tallow caked and the big ship St. Paul could not be dragged from the ways at Cramp's shipyard, Philadelphia. It was the first failure of the kind at Cramp's in twenty-two years. THERE was discovered at Chicago a shortage of nearly $2,000,000 in the accounts of the Whisky Trust. THE Newport (Penn.) Deposit Bank failed to open its doors owing to the general stringency of currency. Approximately the assets are $262,406 and liabilities $160,298. E. S. JAFFRAY & Co., the well-known drygoods house of New York City, went into the hands of receivers for liquidation. COLLIS P. HUNTINGTON. President of t. Southern Pacific Company, was indicted at San Francisco, Cal., by the United States Grand Jury for violating the Inter-State Commerce law. SIDNEY W. SPRAGUE. cashier of the Continental Clothing Company, was arrested at Boston, Mass., charged with embezzlement of the funds of the concern to the extent of $25,000 or $30,000. IN New York City flfteen election inspectors and voters charged with felonies and misdemeanors were arrested on indictments. A JEWELRY store in upper Sixth avenue, New York City. was robbed in daylight of diamonds valued at $6000. The clerk in charge was called to a carriage. MAYOR STRONG, of New York City, appointed Edwin Einstein a Dock Commissioner, Dr. Daniel E. McSweeney a School Commissioner, and J. Van Vechten Oleott a Civil Service Commissioner. THE New Jersey Legislature took a recess to June 4. when it will meet to hear the report of the Voorhees Investigating Committee. A TRAIN, southbound, was stopped by five masked robbers just outside Victor, Col. The bandits went through the mail and express car, but found nothing valuable. The robbers relieved passengers of $500 and watches. Two were tracked by a bloodhound and captured in a log cabin in the woods.