Bank of Albany (Albany, NY)

Episode Information

Episode UID
116728390762
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
11672839 hash
Start Date
June 2, 1863
Location
Albany, New York (42.653, -73.756)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ebb083091ab769c1

Response Measures

None

Description

Articles refer to distinct events decades apart (1863 receivership; 1893 suspension).

Events (2)
1. June 2, 1863 Receivership
Newspaper Excerpt
Adam Van Allen, receiver of the Bank of Albany
Source
newspapers
2. August 18, 1893 Suspension
Cause
Macro News
Cause Details
Listed among multiple business and bank failures in 1893 during the broader financial troubles (Panic of 1893).
Newspaper Excerpt
With assets of $110,000 and liabilities of $80,000, the Bank of Albany, N. Y., has suspended.
Source
newspapers

Newspaper Articles (2)
1. June 2, 1863 The New York Herald New York, NY
Article from The New York Herald, June 2, 1863

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Article Text

LEGAL NOTICES. TATE OF NEW YORK-IN SUPREME COURT, Albany county. To Lydia Conklin, Spencer Conkiin, Mary Johnston. Isaac W. Johnston, Julia Savary, Pelez B. Savary. Alanson H. St. John, Elizabeth 84. John, Charles A. St. John Juila G.SL John, Mar. E. St. John. Lafra 8. St. John, Edward M. Courtright, Patrick Murphy, Eliza Brien, Jacob L. Yates, Chauncey P. illiams, Henry W. Page. Adam Van Allen, receiver of the Bank of Albany; Syivanus P. Jermain, Volkert P. Dowd. executor of the last will and testament of John S. Beekman, deceased: Horace Webster and Philemon Fowler, executors, and Louisa K. Bartlett. executive of the last will and testament of William Fowler, deceased: Sylvester F. Shepherd, John W. Patten, Robert J. Patten, John D. Livingston, Joseph M. Bullock, Walter c. Many, John W. Jenkins, defendants. You are hereby summoned 10 answer the omplaint of Stephen Pad. d'ock. plaintiff. which was filed with the clerk of the city and county of Mondy, on the 28th day of February, 1863. of which a copy is hereto annexed, and to serve a copy of your answer on me m my office, in the city of Albany, N. Y., within twenty days after the service of this summons, ex. clusive of the day of service. And if you shaft fall to answer said complaint as hereby required, the plainuft will apply to the Supreme Court / or the relief demanded in said com JOHN J. BURTON. plaint. Plainsid's Attorney, Albauy. N Y.

2. August 18, 1893 The Wilmington Daily Republican Wilmington, DE
Article from The Wilmington Daily Republican, August 18, 1893

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Article Text

Business Troubles. Levi Hall's private bank, at Oswego, III., has suspended. The National Bank at Marion, Kan., has closed its doors. The Farmers' Co-operative Bank, of Meadville, Pa., has suspended. The Iowa (Ia.) Packing House is in a receiver's hands. Capital, $120,000. A receiver has been appointed for the Baxter Carriage Company, of Greensburg, Ind. With assets of $110,000 and liabilities of $80,000. the Bank of Albany, N. Y., has suspended. The Dallas (Tex.) and Oak Cliff and the West Dallas Street Railway Companies are in the hands of receiver. Shoe Manufacturers Searle & Webster have assigned at Haverhill, Mass. Liabilities, $100,000; assets considerably smaller. With a capital of $200,000 and deposits of $520,890, the First National Bank of Dubuque, Ia., suspended yesterday. F. Grote & Co., dealers in ivory, etc., in New York, have applied for a receiver. Capital, $200,000; assets, $175,000; liabilities. $88,000. Assets of $300,000 and liabilities of only $100,000 are reported by the Frost Veneer Seating Company. which has assigned at Sheboygan, Wis. At Cincinnati, O., the Standard Wagon Company assigned yesterday, claiming to have assets of $1,200,000 and liabilities of only $700,000. The American Surety Company. of New York, has furnished a bond of $50,000 for each of the three receivers of the Northern Pacific Railroad. Because there was not a dollar left in the vaults of either the Sutton County Bank, of Sonora, Tex., or the Coke County Bank when they failed, W. B. Buchanan, president of both. has been arrested as an embezzier. On executions for $23,814.94 in favor of Levy Rothstein, the Sheriff yesterday levied on Daniel Block's tinware establishment, Nos. 62 and 64 Elizabeth street, New York. Apparent assests, $125,000; liabilities. $75,000. BANKS RECUME