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Danbury Times
Danbury, Fairfield County, Connecticut
What is this article about?
Schuylkill Savings Institution stops payment; Philadelphia Savings Institution assigns to Girard Trust, preferring depositors. A poor Irish girl loses her $200 savings from the latter, causing severe distress.
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Full Text
The Schuylkill Savings Institution has stopped payment.
We learn also that the Philadelphia Savings Institution has made an assignment to the Girard Trust Company, having preferred the depositors.
An instance of the distress occasioned by these soulless bodies, came under our observation last Friday evening. A poor Irish girl, who had, by dint of the most persevering exertions and self denial, for the space of about six years, succeeded in laying by about $200, had placed it in the Philadelphia Savings Institution for safe keeping. Having occasion to make use of a portion, on Friday she called upon the institution, and demanded her money, but received for answer that she could not have it. but must call again in about a month. She afterwards was informed that the institution had failed, and it was doubtful whether she would ever get a cent. Her distress at finding herself stripped of every cent she possessed in the world, may be better imagined than described. —[Philad. World.
What sub-type of article is it?
What keywords are associated?
What entities or persons were involved?
Where did it happen?
Domestic News Details
Primary Location
Philadelphia
Event Date
Last Friday Evening
Key Persons
Outcome
schuylkill savings institution stopped payment; philadelphia savings institution made assignment to girard trust company, preferring depositors; girl informed institution failed and doubtful to recover $200
Event Details
Schuylkill Savings Institution stopped payment. Philadelphia Savings Institution assigned to Girard Trust Company, preferring depositors. Poor Irish girl who saved $200 over six years attempted to withdraw portion last Friday but was told to return in a month; later learned of failure and likely total loss, causing severe distress.