Hudson City Savings Bank - Jersey City, NJ

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: April 27, 1878
Location: Jersey City, New Jersey (40.728, -74.078)

Metadata

Model: gpt-5-mini
Short Digest: e4e4bf01c6cacc64

Response Measures

None

Description

Article (New-York Tribune, 1878-04-27) states that savings banks at Rahway, Plainfield and Hudson City, N.J., are in the hands of Masters in Chancery, indicating a court takeover/receivership rather than a mere run. No run at Hudson City is described. Classified as suspension leading to closure/receivership (government/court action).

Events (1)

1. April 27, 1878 Suspension

Cause: Government Action
Cause Details: Placed in the hands of Masters in Chancery (court-appointed control/receivership).
Newspaper Excerpt: Savings banks at Rahway, Plainfield and Hudson City, N. J., are in the hands of Masters in Chancery.
Source: newspapers

Newspaper Articles (1)

1. April 27, 1878 New-York Tribune New York, NY

Article from New-York Tribune, April 27, 1878

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Article Text

ANXIOUS BANK DEPOSITORS. EFFECTS OF THE RECENT SUSPENSIONS. A RUN AT THE GERMAN SAVINGS BANK-THE OFFICERS FULLY PREPARED TO MEET IT-MORE WITHDRAWALS AT THE DRY DOCK-EMBARRASSMENTS IN NEW-JERSEY. The recent suspensions of the Sixpenny and Teutonia Savings Banks have \caused anxiety among East Side depositors, and there are "runs" at the German and Dry Dock Banks. The officers of both are cheerful and confident, and declare that they are fully prepared to meet all demands. The Superintendent of the Banking Department says that the alarm is senseless, and there is no reason for it. Savings banks at Rahway, Plainfield and Hudson City, N. J., are in the hands of Masters in Chancery.