Article Text
# RECEIVERS APPOINTED. Supreme Court. By MacLean, J. Matter of East Side Bank-Charles J. Canda. By Beekman, J. Abraham Gruber vs. Richard J. McCann-William H. Janes.
13866. East Side Bank (New York, NY)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- February 5, 1895
- Location
- New York, New York (40.714, -74.006)
Metadata
- Model
- gpt-5-mini
- Short Digest
527c6b5ebe87f3bb
Response Measures
None
Description
The East Side Bank of 135 Grand Street (New York) suspended on Feb 5, 1895. A receiver (Charles J. Canda) is reported in 1896 and the bank's assets were liquidated by 1897; depositors were paid in full within six months after closing. No article describes a depositor run prior to the suspension, so this is classified as a suspension followed by closure/receivership and liquidation. Bank type not specified in the articles.
Events (4)
1.
February 5, 1895
Suspension
- Cause Details
- Article states the bank suspended on Feb 5, 1895 but does not give a cause.
- Newspaper Excerpt
- the East Side Bank of 135 Grand street, which suspended on Feb. 5, 1895.
- Source
- newspapers
2.
March 11, 1896
Receivership
- Newspaper Excerpt
- Charles J. Canda has been appointed receiver of the East Side Bank of 135 Grand street, which suspended on Feb. 5, 1895.
- Source
- newspapers
3.
May 27, 1897
Other
- Newspaper Excerpt
- EAST SIDE BANK LIQUIDATION. The remaining assets of the defunct East Side Bank will be sold by order of the receiver ... The depositors were paid in full within six months after the closing of the bank.
- Source
- newspapers
4.
June 8, 1897
Other
- Newspaper Excerpt
- The remaining assets of the East Side Bank were sold yesterday by auction ... by order of Charles J. Canda, the receiver. These assets consisted of thirty-seven judgments, eleven notes, a $1,000 United States bond and a second mortgage ... The total amount realized was $2,305.50.
- Source
- newspapers
Newspaper Articles (4)
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Article Text
Business Troubles. Joel I. Hart and Samuel Josephie (Joel I. Hart Co.), manufacturers of trousers at 14 Lafayette place. made an assignment yesterday to Charles L. Cohn of 271 Broadway. giving preferences to Pauline Josephie for $2,500 and to Hannah Hart for $5,300. The liabilities are about $25,000 and the assets about the same. Charles J. Canda has been appointed receiver of the East Side Bank of 135 Grand street, which suspended on Feb. 5, 1895. Proceedings for the dissolution of the concern have been begun. The Sheriff received yesterday an execution for $3,533 against the New York Thermostatic Fire Alarm Company of 415 Broadway in favor of Edward S. Pringle for the amount due on interest bonds. coupons on $27,500 of the company's
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Article Text
EAST SIDE BANK LIQUIDATION. The remaining assets of the defunct East Side Bank will be sold by order of the receiver at the Real Estate Salesroom, No. 111 Broadway, on June 8. These assets consist of judgments against creditors, promissory notes, mortgages and bonds. The depositors were paid in full within six months after the closing of the bank. The stockholders have received 40 per cent on the value of their stock. and it is expected they will receive 20 per cent more.
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Article Text
The remaining assets of the East Side Bank were sold yesterday by auction at the Real Estate Salesroom, No. 111 Broadway, by order of Charles J. Canda, the receiver. These assets consisted of thirty-seven judgments, eleven notes, a $1,000 United States bond and a second mortgage for $6,200, on which $2,500 had been paid. The total amount realized was $2,305.50, of which $1,097 50 was from the bond and $675 was from the mortgage. The judgments and notes were regarded as worth little.