City Bank of Jersey City - Jersey City, NJ

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 22, 1885
Location: Jersey City, New Jersey (40.728, -74.078)

Metadata

Model: gpt-5-mini
Short Digest: 407d97a4

Response Measures

None

Description

The articles report the bank as defunct with Washington B. Williams named as receiver and a chancery bill filed Aug 22, 1885 alleging large embezzlement/deficiency. There is no mention of a depositor run in the provided snippets. Thus this appears to be a suspension/closure with a receiver appointed due to bank-specific losses (embezzlement). I corrected no names/dates beyond OCR cleanup of article snippets.

Events (3)

1. August 22, 1885 Other

Newspaper Excerpt: The bill prays that an account may be taken to ascertain the exact amount of the deficiency... that Boice and Shaw be directed to repay the amounts found to be due from them, with interest.
Source: newspapers

2. August 22, 1885 Receivership

Newspaper Excerpt: Receiver Williams Files a Bill Against the Officers of the City Bank... A bill in Chancery was filed to-day by Washington B. Williams, as receiver of the defunct City Bank of Jersey City, against the Directors and officers of the bank to recover the loss sustained by their negligence.
Source: newspapers

3. August 22, 1885 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank became defunct following large losses/embezzlement by president Boyce and cashier Shaw (approx. $200,000–$230,000 deficiency).
Newspaper Excerpt: Proceedings have been commenced in the court of chancery by Washington B. Williams, receiver of the defunct City Bank of Jersey City, N. Y., against the directors and officers to recover about $200,000 lost by the bank, owing to the embezzlement of Boyce, the president, and Shaw, the cashier.
Source: newspapers

Newspaper Articles (4)

1. August 23, 1885 The Sunday Tatler and Jersey City Express Jersey City, NJ

Article from The Sunday Tatler and Jersey City Express, August 23, 1885

Click image to open full size in new tab

Article Text

WILL THEY HAVE TO PAY! Receiver Williams Files a Bill Against the Officers of the City Bank. TRENTON, Aug. 22.-A bill in Chancery was filed to-day by Washington B. Williams, as receiver of the defunct City Bank of Jersey City, against the Directors and officers of the bank to recover the loss sustained by their negligence. The defendants named in the bill are Henry Traphagen, Charles H. Murray, Charles E. Gardner, Herbert R. Clarke, Garret S. Boice and Edward E. Shaw. The bill contains many charges against the defendants. Among the charges against the Directors is their failure to exact bonds from the officers ; their failure to comply with the by-laws which provided for monthly or quarterly statements, and their failure to appoint an examining committee for seven years prior to the collapse of the bank. The bill also holds the Directors responsible for having left the entire management and control of the bank in the hands of Boice and Shaw from the year 1876. In this connection the bill declares that "They in fact abdicated their duties as directors, and only acted so far as to carry out the directions of said Boice in passing or signing resolutions to make dividends." The bill also states that of the $230,000 deficiency, fully $200,000 was the result of these abuses, which were allowed to exist by the Directors, which could not have been had they attended to their trusts. In conclusion the bill prays that an account may be taken to ascertain the exact amount of the deficiency, and the outstanding shares of stock; also to ascertain the amount of overdrafts made by Boice, Shaw and Beach, and the amount due from notes. That the Directors may be decreed to replace the original capital, except so far as has been diminished by legitimate losses in the business of the bank, and to replace all the other assets of the bank which have been lost by reason of the negligence of the Directors, and that Boice and Shaw be directed to repay the amounts found to be due from them, with interest.

2. August 23, 1885 New-York Tribune New York, NY

Article from New-York Tribune, August 23, 1885

Click image to open full size in new tab

Article Text

A PROSECUTION OF BANK OFFICERS. TRENTON, N. J., Aug. 22 (Special).-Proceedings have been begunjin the Court of Chancery by Washington B. Williams, receiver of the-City Bank of Jersey City, against Henry Traphagen, Charles H. Mur

3. September 2, 1885 New Ulm Weekly Review New Ulm, MN

Article from New Ulm Weekly Review, September 2, 1885

Click image to open full size in new tab

Article Text

in 1861, and was acting vicar general of the Dubuque diocèse until the recent division. Telegraphic Summary Prof. Call, of the Iowa university Greek chair, is dead. Secretary Lamarsayshe will not vacation; he has too much to do. Mrs. Sarah Althea Hill proposes to publish her recollections of Sharon. Mrs. A Stewarthas subscribed $1,000. to the Grant monument fund. There was a hard frost in the Red river yalley, but crops were too far advanced to receive damage. Hon. James G. Blaine will take a trip through several counties in Ohio just before the election. At Washington, Ind., during an altercation Walter Meredith shot and mortally wounded Daniel Fagens. The Nashua (N.H.) Telegraph says that biennial sessions of the legislature in that state have effected a saving of $75,000 a year. Germany good-naturedly explaines to Spain that she took the Caroline islands because they seemed to be lying around loose. Most of the crape used in draping buildings in memory of Grant has been sold to the shoddy mills, where it is worked into cheap eloth. It is reported that John M. Palmer of Illinois is to be appointed minister to Austria. It is not known that he has applied for the office. Rev. John P. Strider, D. D., ofStaunton, Va., has been elected professor of moral philosophy and belles lettres in Washington and Lee university. The house of John Curley, near Grattan, Mich., was burned. Mr. Curley, seventyeight years old, was alone in the house at the time, and perished in the flames. Ex-Gov. Seymour of New York, although seventy-five years old, made the most vigorous and ringing speech at the recent canal improvement meeting at Utica. There will be civil service examinations at Milwaukee, Sept. 3; Bismarck, Dak., Sept. 8; Helena, Mont., Sept. 15: Portland, Sept. 19, and Seattle; Wash., Sept. 22. An able-bodied young man has been ap pointed postmaster at Milford, Ohio, in place of Miss Boyer, who has held the position since Gen. Grant's second presidency. Maj. E. T. Gunn, proprietor and editorof the Transcript. published at Olympia, Wash., died aftera breif illness, of neuralgia of the heart. Maj. Gunn was an old and prominent journalist. The steamship Alexandria reports the wreck of the Scotch steam dredge Beaufort on Aug. 8, off the Bermuda islands. Capt. Penny and the crew of ten or twelvear believed to haveall been lost. Rev. S.S. Idleman, minister of the M. E. church at Green Springs Run, W. Va., commited suicide by jumping from a window, fracturing hisskull. Hewas laboring under a fit of temporary insanity. The controller of the treasury decids that the employment of 24 of the persons on therolls of the Alabama claims court is illegal, and refuses to grant warrants for the payment of their salaries. The postal cards this year will cost the government $47.71 per thousand. Last year they cost $54,43. Two-cent postage was a hard blow to the postal cards. The issue has been gradually decreasing ever since letter postage was reduced. A freight train on the Chesapeake& Ohio railroad ran into another freight train standing on a sidetrack seven miles west of Newport, Va., wrecking both engines and killing Engineer Spottswift and Brakeman George Wheeler, and fatally injuring Thomas Halloran. The acting postmaster appointed the following fourth-class postmasters: } Dakota -Stanton, Mrs. L. A. Frazer. IowaWestern College, Jacob Kauffmann; Ossian, James Malloy. Oregon-Medford, D. H. Miller; Goshen, J. W. Matlock; Newport, Edward C. Phelps. Indian Agent Stottsheimer of the Southern Ute agency at Ignacio, Colo., has sent in his resignation. Gen. Miles will recommend that an army officer be appointed to take charge of affairs at the agency, and it is thought President Cleveland will carry out the recommendation. Proceedings have been commenced in the court of chancery by Washington B. Williams, receiver of the defunct City Bank of Jersey City, N. Y., against the directors and officers to recover about $200,000 lost by the bank, owing to the embezzlement of Boyce, the president, and Shaw, the cashier. Three children of J. H. McGowan of Tallodega, Ala., saw their father kill and dress a pig. Thenext day the children wished to repeat the act, and, having no pig, two of them took the ounger one and cut its throat and then hung it upb the feet as the hadhung, when they verediscovered by the mother. President Cleveland is camping out at Willis-pond, in the Adriondack mountains, three days' journey from nearest railroad-depot. He has as companions Dr.S. B. Ward and Mr. E. P. Bacon, of New York. The president was ill for the first few days he was in camp, but is now looking well, fishing during the day and in the evening enjoysa social game, of euchre. A car filled with specimens Oregonagricultural produc started on an eastern journey o the Oregon Shortline incharge of E. W. Allen. It was fitted under the direction of the Oregon state board of immigration and will exhibitat Omaha, Council Bluffs, Oskaloosa and Des Moines. It will be at Indianapolis Sept. 29 to Oct. 4,

4. September 3, 1885 The Bad Lands Cow Boy Little Missouri, Medora, ND

Article from The Bad Lands Cow Boy, September 3, 1885

Click image to open full size in new tab

Article Text

nent and beat esteemed citizens of thestate, and the church loses one, of its strongest pillars. Father Brazie was born in County Clare, Ireland, in 1827, educated at Montreal and ordained at Wheeling W. Va., at theage of twenty-four. Hewas for oneyear vicar general of Virginia. He went to Iowa one 10 general Support въкрив 1981 41 Dubuque diocese until the recent division. Telegraphic Summary Prof. Call, of the Iowa university Greek chair, is dead. Secretary Lamar says he will not take any vacation; he has too much do. Mrs. Sarah Althea Hill proposes to publish her recollections of Sharon. Mrs. A T. Stewart has subscribed $1,000 to the Grant monument fund. There was n hard frost in the Red river valley, but crops were too farjadvanced to receive damage. dj.14 B take IIIM Blaine 'D Jhanes """ through several counties.in Ohio just before the election. Paul Bauer's Coney Island hotel is run at clears ou and '008'I$ 10 esuedxe Ship U $200,000 a season. At Washington, Ind., during an altercation Walter Meredith shot and mortally wounded Daniel Fagens. The Nashua (N. H.) Telegraph says that biennial sessions of the legislature in that state have effected a saving of $75,000 a year. 07 explaines Gerrany Spain that she took the Caroline islands because they seemed to be lying around loose. ОВИР Most of the crape used in draping buildings in memory of Grant has been sold to the shoddy mills, where it is worked into COAPE cheap cloth. It is reported that John M. Palmer of sny 04 00 07 si stout applica suy en that umour you si 7I this for the office. Rev. John P. Strider, D. D., ofStaunton, Va., has: been elected professor of moral philosophy and belles lettres in Wash ington and Lee iversity. тои The house of John Curley, near Grattan, Mich., was burned. Mr. Curley, seventyeight years old, was alone in the house at the time, and perished in the flames. Ex-Gov. Seymour of New York, althcugh seventy five years old, made the most vigorous and ringing speech nt the recent canal improvement meeting at Utica. There will be civil service examinations at Milwaukee, Sept. 8; Bismarck, Dak., Sept. 8; Helena, Mont., Sept. 15: Portland, Sept. 19, and Seattle, Wash., Sept. 22. An able-bodied young man has been appointed postmaster at Milford, Ohio, in place of Miss Boyer, who has held the position since Gen. Grant's second presidency. Maj. E. T. Gunn, proprietor and editor of the Transcript, published at Olympia, Wash. died aftera breif illness, of neuraNgia of the heart. Maj. Gunn was nn old and prominent journalist. The steamship Alexandrin reports the wreck of the Scotch steam dredge Beaufort Caper ispuries. веглина out HO 's .Snv uo Penny and the crew of ten or twelve are believed to have all been lost. Rev. S. S. Idleman, minister of the M. E. church at Green Springs Run, W. Va., commited suicide by jumping from a window, fracturing hiaskull. Hewas laboringunder 1 10 49 U The controller of the treasury decides suossed the JO 24 JO employment the that on therolls of the Alabama claims court is illegal, and refuses to grant warrants for submites their 10 payment the The postal cards this year will cost the government $47.71 per thousand. Last year they cost $54,43. Two-cent postage was a hard blow to the postal cards. The issue has been gradually decreasing ever since letter postage was reduced. Oillo 4 the uo that their V railroad ran into another freight train standing on a sidetrack seven miles west of Newport, Va., wrecking both engines and killing Engineer Spottswift and Brakeman George Wheeler, and fatally injuring Thomsu Halloran. The acting postmaster appointed the following fourth-class postmasters: Dakota -Stanton, Mrs. L. A. Frazer. IownWestern College, Jacob Kauffmann; Ossian, James Malloy. Oregon -Medford, D. H. Miller; Goshen, J. W. Matlock; Newport, Edward C. Phelps. Indian Agent Stottsheimer of the Southern Ute agency at Ignacio, Colo., has sent in his resignation. Gen. Miles will recommend that an army officer be appointed to take charge of affairs at the agency, and it is thought President Cleveland will carry out the recommendation. Proceedings have been commenced in the court of chancery by Washington B. Williams, receiver of the defunct City Bank of Jersey City, N.Y., against thedirectorsan officers to recover about $200,000 lost by the bank, owing to the embezzlement of Boyce, the president, and Shaw, the cashier. -18L JO Medican 'H 'f JO childrent There lodega, Ala., saw their father kill and dress a pig. Thenext day the children wished to 10 OM7 "Sid ou 'pun are eth redert them took the younger one and cut its throat and then hung it up by the feet as thepig had hung, when they were discovered by the mother. Mrs. Lucretia W. Davis, claiming to be the widow of he confederate General Davis who once owned Davis' addition to Chicago, has commenced tagninst a large number of the property owners of the blocks puu streets Futton pun equal befacen Western avenue and Seymour street for her right of dower. The tract embraces a hundred lots or more. President Cleveland is camping out at Willis pond, in the Adriondack mountains, three days' journey from the nearest rail 'S DE suortandmop su seq eH todap peor B. Ward and Mr. E. P Bacon, of New the out JOJ III SUM peesident ehe "MOX look MOUS! quq ur skup MOI out u! pus Aup out Suiqsy "Пем Buy emp8 [81209 B exolue Зищеле name Oregon 10 sucurpoods 97:4 pelly JUJ V cultural products started on an eastern journey over the Oregon Shortline in charge ente Jepun dn SUM 7I Allen. M EI 10 direction of the Qregon state board of im migration and will exhibit at/Omaha, Council Bluffs, Oskaloosa and Des Moines. It 't 400 07 68 adeg Individuals qu eq IIIM St. Louis 5th to 10th, and Louisville 10th 30 2014.