Union Bank - Jersey City, NJ

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 1, 1882
Location: Jersey City, New Jersey (40.728, -74.078)

Metadata

Model: gpt-5-mini
Short Digest: 4c9de0dd

Response Measures

None

Description

Article (New-York Tribune, 1882-02-08) describes the defunct Union Bank in Jersey City and Receiver Corbin's report on the bank's poor condition and insufficient assets for depositors/creditors. No run or depositor crowding is described. The bank is in receivership/defunct, so classified as a suspension leading to closure. OCR errors in the article were corrected (e.g., 'defunet' -> 'defunct'; date of receiver's report appears to be Feb 1, 1882).

Events (1)

1. February 1, 1882 Receivership

Newspaper Excerpt: The condition of the defunct Union Bank as shown by Receiver Corbin's report ... assets are $6,972 ... not enough to pay the depositors and other creditors ... there will be nothing left for the stockholders.
Source: newspapers

Newspaper Articles (1)

1. February 8, 1882 New-York Tribune New York, NY

Article from New-York Tribune, February 8, 1882

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Article Text

was for service last evening, and meeting, occasion celebrated by an old-fashioned the church, at followed by a public meeting teaMr. which addresses were made in the Rev. Greenwood. of the First Identity Church: by the Rev. Rev. Reformed Alexander John Church: Finch, Thompson, the the paster. Rev. of J. the G. Clermont Bass, and Avenue the the mand The an Operative increase Stone-Masons have resolved to and after March in 17. the The present rate of wages de on They $3 50 say a day, that and they want $4. standard for ten rate hours' now is busy one in the the coming season will be a work. can well afford the building increase. trade, A and meeting that the bosses very protective society was held last night of their when the matter was talked at No. notice, to give the employers over. two and it Smith-st. determined weeks' 123 acceded and then, if the demands of the be begun. to, it is probable that a general men strike are will not JERSEY CITY ruary The condition 1. as of the defunet Union Bank the shown by Receiver Corbin's on FebThe Chancellor. not as favorable report to itors assets are $6,972 and there as due was expected. to to a total $6,603.23. of to other banks, $969 deposing pay the depositors and other enough at all will be left for the The off $7,570.91. There will stockholders. creditors, not be 68, making and nothmovement snow fall of last Saturday has owing for rapid transit an additional given the the to the fact that travel has been impolse, about surface roads, Cars to the Hill very travel every half hour, and on the were on Greenville dilatory line run day. The was suspended entirely on Sunday of citizens committee appointed at a recent and MonTrenton has selected a sub-committee meeting the and urge the passage by the to go Legislature Assemblyman of to Lawrence rapid transit bill introduced by Works, Chief Engineer Sites, of the Board of accident reported to the Board yesterday Public at the had occurred to one of the Cornish that an weighing engines of the Belleville pumping station. The steam cylinder broke, and the rod piston rod seventeen tens fell a distance of about the cylinder bottom and three feet, to pieces. Several months demolishing foundation shattering the required bought to repair the damage. The engine will be was in 1870 and is the largest of three Cornish engines at the works. NEWARK. Jonas Agens and his wife celebrated. on evening. the sixtieth anniversary of their Monday Frelingbuysen, of the to Washington yesterday the checks sent Receiver Mechanics' wedding. for Bank dividend of 25 per cent for the the of require the signature of the the second The checks Currency, depositors. Controller The wife of Secretary Frelinghuysen a few days ago resigned position of First Directress of Protestant Foster Home Society on account of the removal to receive to Washington. The society has voted her form it, and hasappointed Mrs. Depue to not to Mrs. Frelinghuysen's duties until the latters perfour men injured on Monday by the in Wrigley's burnt return of Of the the elevator Newark. building falling Jersey died Railroad-ave. Hennings, agetwenty, in Newin the night at St. Michael's Keichenback tion and Reinisch lie at the same Hospital in a critical condition. Frederick Farmer, institu- the No. least injured of the four. IS at his boarding recover. 147 Walnut-st., with a broken thigh. He place, will Presbyterian The New -Jersey Sabbath Union met at the First George S. Mott. Church of Flemington, yesterday morning. The Rev. Rev. Allen H. Brown acted as presided, and the report was read, showing that the tained friendly relations with similar nual other secretary. Union mai societies The anStates, and that the Executive in seut to the Constitutional Commission a any chang in the State against had as prayed Constitution Committee protest such for by the Citizens Protective of Sunday laws. The to the running of called for trainsand the attention repeal Sunday report Association excursion also of coal and freight trains, saying should be stopped. R esolutions were adopted that looking to the suppression of these evils. NEW-JERSEY . Patersos.-Philip Hays, jr., silk manufacturer, was taken before Justice Hudson, yesterday, with an outrageous assault Ackerman, agesixty-three, He It 18 asserted by of Sophia charged to answer. the,friends gave upon Mr. security Hays Mrs. that Mrs. Aekerman is dissolute and noted for making false accusations of this character. The case of the receiver of the Bank of Newark against C. Co. came up yesterday in the United States tional Trenton. Mechanics' Nugent Court, NaThomas N. McCarter, at creditors of the firm, asked for leave to sist the bank's claim. Mr. the general Keasbey, representing District- the reAttorney, consented to Mr. Jenkinson, the of the firm, being made a party to the suit. provided assignee he would answer within live days, and the case be heard on the first day of the March term. An order was m de to that effect. LONG ISLAND. NEW ROCHELLE.-Abon a dozen citizens assembled at the office of Police Jastice C. E. Kane Monday evening, and unanimously on in favor of organizing an and acquisition of suburban the tions erection association adopted homes. resolu- for The plan is for each member take at least one share of $3 a week WESTCHESTER COUNTY. OYSTER BAY.-The Board of Education has passed a resolution to put in operation the Compulsory Education act. LONG ISLAND CITY.-A looking main, $500 the main. $25 a battle between New-York birds was held at Kearney's in ave., There was a large of sporting men, but no interference by the Island last evening. pit, attendance and Jackson police. Long GLEN COVE. -Cows worth $1,000 have been lost from pleuro-preumonia by George Downing. of Glen Cove since January 1. were allowed him for each of the but he sold three of the slaughtered. dollars carcasses Fifteen cows for a piece to a butcher, who The are now making an what became of the diseased meat. Mr. has all his cows inoculated, but $10 had authorities slaughtered investigation there Downing is them. now of every prospect that the entire herd will be ated by the scourge. Mr. Hopkins, General veterinary Patrick's anuihilsurgeon, thinks that the disease can be conveyed by the milkmens clothing.