13982. German Uptown Savings Bank (New York, NY)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
savings bank
Start Date
November 22, 1877
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
4bd6378656f20d98

Response Measures

None

Description

The articles consistently describe the bank as closed and under a receiver (Herman Uhl), with asset sales, court suits, and dividends paid to depositors. There is no description of an on-site run; rather the bank had failed and entered receivership and has not reopened. Multiple items document misappropriation/poor loans (attorney Levinger, President Schwartz lending bank funds), supporting a bank-specific adverse-information failure. Exact suspension/closing date is not stated in these clippings; receiver activity is reported from 1877โ€“1879.

Events (4)

1. November 22, 1877 Receivership
Newspaper Excerpt
THE GERMAN UPTOWN SAVINGS BANK. To THE EDITOR OF THE HERALD: General Herman Uhl, the receiver of the German Uptown Savings Bank, made a statement some time ago to a committee representing the depositors ... DEPOSITOR. what IS he doing? (Nov. 22, 1877 article referencing the receiver).
Source
newspapers
2. June 18, 1878 Other
Newspaper Excerpt
The suit of Herman Uhl, the receiver of the German Uptown Savings Bank, against Christian Schwartz, the president, was tried yesterday ... The jury, however, found against him a verdict for $10,950. ... judgment entered June 20, 1878, against C. Schwartz, in favor of the receiver, for $11,380.72 (describes litigation and judgments related to the failure).
Source
newspapers
3. July 16, 1879 Other
Newspaper Excerpt
Herman Uhl, receiver of the German Uptown Savings Bank, submitted his report ... he has paid to the depositors three dividends, aggregating sixty per cent. and that he has still $35,602.28 in his hands. Judge Potter confirmed the report, with directions of payment ... a dividend of four per cent to the depositors and the fees of the receiver and his counsel.
Source
newspapers
4. * Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure followed discovery of misapplied funds and bad loans: suits and judgments against the bank's president Christian Schwartz and the attorney Adolph Levinger for misappropriation and bad loans; bank closed and placed in receivership.
Newspaper Excerpt
Having been a depositor in the German Uptown Savings Bank... I called on Mr. Uhl, receiver, to ask him when I might expect a dividend on the money I had deposited at the time of the failure
Source
newspapers

Newspaper Articles (11)

Article from The New York Herald, November 22, 1877

Click image to open full size in new tab

Article Text

THE GERMAN UPTOWN SAVINGS BANK. To THE EDITOR OF THE HEBALD:General Herman Unl, the receiver of the German Uptown Savings Bank, made a statement some time ago to a committee representing the depositors that a final dividend would be paid as soon as one or two small mutters had been arranged. Since then we have heard nothing from him. What is the matter, and DEPOSITOR. what IS he doing?


Article from The New York Herald, January 13, 1878

Click image to open full size in new tab

Article Text

WHO CAN TELL? To THE EDITOR OF THE HERALD:Having been a depositor in the German Uptown Savings Bank, I called on Mr. Uhl, receiver, to ask him when I might expect a dividend on the money I had deposited at the time of the failure, and be po. litely informed me he knew nothing about It and could not give any information about the matter. Now, being a married man and having a large family to support, I take the liberty of asking you to whom M. B. I shall apply for the desired information.


Article from The New York Herald, April 8, 1878

Click image to open full size in new tab

Article Text

WANTED, A DIVIDEND. To THE EDITOR OF THE HERALD:1 would like to ask Mr. Hermann Uhi, receiver for the German Uptown Savings Bank, if there has been any dividend declared since the third one. If not what are the prospects for another dividend. A DEPOSITOR.


Article from The New York Herald, June 15, 1878

Click image to open full size in new tab

Article Text

# WHAT IS HE DOING? TO THE EDITOR OF THE HERALD:- Can the HERALD give us any information in regard to Mr. Uhl, the receiver of the German Uptown Savings Bank? Last fall he reported at the County Clerk's office that he had $53,000 on hand. When the bank closed the little real estate it had was sold at private sale; its mortgages were settled long ago, and I presume the other securities have been disposed of. Why, then, this long delay in declaring a dividend? Is some one drawing salary and interest at the expense of the depositors? A DEPOSITOR.


Article from New-York Tribune, June 18, 1878

Click image to open full size in new tab

Article Text

A DEFAULTER'S MISERABLE END. THE FATE OF ADOLPH LEVINGER - VERDICT AGAINST A SAVINGS BANK PRESIDENT. The suit of Herman Uhl, the receiver of the German Uptown Favings Bank, against Christian Schwartz, the president, was tried yesterday before Judge Barrett in Supreme Court, Circuit. The plaintiff alleges that Schwartz lent to the Empire Lanndry Company, of which also he was president, $9,000 of the bank's funds, giving as security his own post-dated checks. The laundry comp ay had held title to two lots in Fifty-fourth-st., and took second mortgages from the purchaser on a sale, one Isidor Falk, and these were substituted afterward for Mr. Schwartz's checks and proved worthless. The defence was that the loan was a genuine loan on securities approved by the investigating committee of the bank and afterward at a general meeting of the trustees, and that the defendant was not in any respect more responsible for-the loan than any other trustee. The jury, however, found against him a verdict for $10,950. One of the curious facts brought out in the trial was that Adolph Levinger, who seems to turn up in almost every case where a contest over a mortgage involving fraud occurs between Germans, was the counsel for the bank, the counsel for Christian Schwartz, the counsel for the laundry company, and the counsel for Isidor Falk. John E. Parsons. counsel for the receiver, stated in conversation that his client and the officers of the bank were satisfied that Levinger died miserably and alone of yellow fever at Havana. They had heard that a stranger at a hotel in Havana was taken sick, and in three days died without a friend or acquaintance to attend him. Theonly identification was a seal ring, with the letters "A. L," and letters from a man at Chicago. That man had stated that Levinger came to him in his flight, acknowledging the necessity of concealing himself, and he had written to him at New-Orleans and Havana the letters found on the dead man. This proof satistled the bank officers, and they suffered Levinger's sureties to be discharged without opposition.


Article from The New York Herald, September 9, 1878

Click image to open full size in new tab

Article Text

HOPE DEFERRED. To THE EDITOR OF THE HERALD:Why does not Herman Uni, the receiver of the German Uptown Savings Bank, pay the Door, hard up depositors another dividend? He has been promising one for the last sixteen months. JUSTICE.


Article from The New York Herald, November 2, 1878

Click image to open full size in new tab

Article Text

# A LAWYER'S MISAPPROPRIATIONS. Mr. Herman Uhl, receiver of the German Uptown Savings Bank, brought suit againt Betty Milihauser to foreclose a mortgage on real property for $10,000. Through her attorneys (Messrs. Kurzman & Yeaman), Mrs. Millhauser set up the defence that she had paid $5,000 on account of the mortgage to the bank, and demanded that she be credited with that sum. This $5,000 was paid to Adolph Levinger, the attorney for the bank, who subsequently absconded, owing to the bank a large amount. Levinger has been since reported to have died of yellow fever in Havana, and it was insisted on the part of the bank on the trial of the cause in the supreme Court, that this $5,000 had been with other moneys appropriated to his own use by Levinger, without its ever having come into the possession of the bank, and that the receiver, therefore, was not bound to give Mrs. Milthauser credit for it. On this point the evidence on the part of Mrs. Millhauser was to the effect that the president had referred her to Levinger in relation to the payment; that subsequent to such payment, by a resolution of the bank officers, she was released to that extent on her mortgage, and that they thereafter accepted payment of interest on but $5,000 instead of $10,000. The decision of the Court was in favor of Mrs. Millhauser, and from that decision the receiver appealed to the General Term. The latter Court has now rendered its decision, sustaining that appealed from, in favor of Mrs. Milihauser, Judge Daniels writing the decision of the Court.


Article from The New York Herald, November 25, 1878

Click image to open full size in new tab

Article Text

WHAT IS THE PROSPECT ? To THE EDITOR OF THE HERALD:Is there any likelihood of the German Uptown Savings Bank paying the poor cheated depositors ever so small a dividend this year ? Or does Mr. Uhl intend holding the office of receivership until all the money is spent in his salary ? ONE OF THE WEARY ONES.


Article from The New York Herald, November 28, 1878

Click image to open full size in new tab

Article Text

According to a private despatch received from M. & S. Sternberger the scare in mining stocks is now at an end, and a general- recovery of prices is expected. To-morrow being Thanksgiving Day and a legal holiday the Stock Exchange will remain closed until Friday, at ten A. M. The following securities were sold at auction in New York to-day:By order of Hermann Uhl, receiver of the German Uptown Savings Bank, in the city of New York$4,500 town of West Farm bonds, as follows:-Five bonds due February 1, 1877, each $500; one bond due February 1, 1878, $500; three bonds due February 1, 1879, each $500, with coupons for the annual interest due on and subsequent to February 1, 1875, for $650. Claim for balance due on call loan by Nathaniel Burchill, $1,572 90, with interest from October 29, 1875, for which $3,500 of Manufacturers and Builders' Bank stock is held as collateral, for $9. Claim for balance due on call loan by Louis Saal, $2,389 4 with interest from October 6, 1876, for which $4,500 of Manufacturers and Builders' Bank stock is held as collateral, for $175. Claim for balance due on call loan by Manufacturers and Builders' Bank, about $12,881 34, with collaterals held therefor, for $250. Judgment entered December 28, 1876, in favor of the receiver against Ad. Levinger for $42,706 49, and the claim in suit (Levinger is claimed to have died previously), for $2. Judgment entered June 20, 1878, against C. Schwartz, in favor of the receiver, for $11,380 72, for $9. A claim for overdraft against J. Burkhardt for $75 45, with interest from October 5, 1875, for 34. Claim for balance of interest due on bond and mortgage of J. F. Denis, $95 50, with interest from November 1, 1875, for $1. Two judgments, for foreclosure deficiencies, entered in favor of the receiver against Isador Falk, one on July 8, 1876, for $2,942 25, and one oa August 4, 1876, for $3,918 60, for $1; three judgments for foreclosure deficiencies, entered in favor of the receiver on July 5, 1876, one for $3,224 02, one for $3,312 97, one for $2,227 19, each against Elizabeth Huber and Mayor Goodkind, for $6; a judgment for a foreclosure deficiency, entered in favor of the receiver on July 1876, for $2,202 against John W. Smith, for $1. By order of executors-200 shares Brooklyn City Railroad Company. $10 each, 171 20 shares Hope Fire Insurance Company, $25 each, 04 20 shares Dry Dock. East Broadway and Battery Railroad Company, $100 each,86%. By order of administrator-250 shares People's Gaslight Company of Brooklyn, $10 each, 2014; 3 shares Metropolitan Gaslight Company of Brooklyn, $100 each, 55) For account or whom it may concern-20 shares Hoffman Fire Insurance Company, $50 each, 94%: 40 shares New York Gaslight Company, $100'each, 81; $10,000 Third Avenue Railroad Company 7 per cent registered bonds, due 1890, interest January and July, $5,000 each, 101 a 101%: 30 shares Gorinan-American Insurance Company, $100 each, 129: 50 shares New York Equitable Insurance Company, $35 each, 194% 30 shares Citizens' Gaslight Company of Brooklyn, $20 each, 54; 16 shares Commercial Bank of Brooklyn, $60 each, 50; 18 shares Montauk Fire Insurance Company, of Brooklyn, $50 each, 115; $8,519 16, certificate issued by United States Navy Department and approved by the Bureau of Construction and Repairs February 28, 1877 (hypothecated)), $8,100; $15,000 City of New York


Article from New-York Tribune, July 16, 1879

Click image to open full size in new tab

Article Text

CIVIL NOTES. Officer Gillespie, of the Fulton Street Police, in Brooklyn, on Monday night arrested Dennis McCrossan, of No. 1,866 Warren-st., on a charge of assault and battery on Joseph Wolfing, of No. 1,065 St. Mark'save. On-the way to the station eCrossan turned suddenly upon the officer and kicked him severely. In return Gillespie plied his club upon the prisoner's head, cutting his scalp badly, and reducing him to submission. An order of Justice Potter in Supreme Court confirming the report of Herman Ubl, receiver of the German Uptown Savings Bank, was filed yesterday in the County Clerk's office. The receiver has already paid out to depositors dividends amounting to 60 per cout in three instalments. The Court directs the payment of the receiver's and counsels' fees, and out of the remaining $35,602 28 in the receiver's hands the payment of a dividend of 4 per cent. Michael McCarthy, who was shot by Officer Wade, of the Twenty-sighth Precinct, at the Schutzen Park, at the foot of East Sixty-third-st., on the Fourth of July, was able to leave the hospital yesterday. and was arraigned before Justice Kilbreth, in the Yorkville Poiice Court, to answer Officer Wade's charge of assault and battery. Witnesses on behalf of the officer testified to the ill-treatment the officer received at the hands of the prisoner and his friends. The counsel for McCarthy asked for an adjournment to enable him to produce witnesses for the defence. The case was set down for Saturday afternoon. An appeal was taken to the General Term of the Court of Common Pleas from a judgment obtained by John Fitzsimmons and Mary Fitzimmons his wife, as members of the firm of John Fitzsimmons & Co. against Prosper, Erhard & Co. This decision of the Court handed down yesterday, affirms that of the Court below in holding that although the plaintiffs were husband and wife there could be a legal partnership between them, and that the use of the term and Co." in the firm name was not a violation of the statute forbidding its use where an actual partner was not represented. The judgment is therefore affirmed. The decisions of the General Terms of the Supreme Court and of the Court of Common Pleas stand opposed on the question as to who possesses the power of appointing janitors of Civil District Courts. The former court has decided that the power lies with the Justices of the courts themselves. The General Term of the Common Pleas, in a decision written by Judge Beach. handed down yesterday, in the suit of William J. Kennedy against the city, hold that the Commissioner of Puolic Works alone can name the Janitors. The Controller will not make any payments until the matter has been finally decided by the Court of Appeals. Judge Larremore, in the Court of Common Pleas, Chambers, yesterday appointed A. S. Murray, jr., receiver of the effects of John Chadwick and Augustus A. Hayes, and also appointed Charles H. Adams referee, in a suit brought against the same persons by Henry M. Olmsted as assignee of Olyphant & Co. The affidavits presented alleged that in July, 1877, the defendants entered in an agreement with Olyphant & Co. by which the latter firm were to act as agents for the defendants in the importation of Spanish tiles. The agents were to have a commission of 5 per cent, and a half interest in the profits. They bring the present action for an accounting under the large transactions carried out under the agreement.


Article from The New York Herald, July 16, 1879

Click image to open full size in new tab

Article Text

GERMAN UPTOWN SAVINGS BANK. Herman Uhl, receiver of the German Uptown Savings Bank, submitted his report yesterday to Judge Potter, of the Supreme Court. In his report the receiver states that he has paid to the depositors three dividends, aggregating sixty per cent. and that he has still $35,602 28 in his hands. Judge Potter confirmed the report, with directions of payment from the fund on hand of a dividend of four per cent to the depositors and the fees of the receiver and his counsel.