14116. Manhattan Trust Company (New York, NY)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
trust
Start Date
March 1, 1895*
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
8d8dd4afb9ad4269

Response Measures

None

Description

Articles describe the Manhattan Trust Company being in receivership (court-appointed receiver) in 1895 with reorganization plans and acceptance of deposits under a plan, and a 1897 report that the receivership will be terminated and the company placed on a sound footing. No bank run is described in the texts; events indicate suspension/receivership followed by reorganization/reopening.

Events (3)
1. March 1, 1895* Receivership
Newspaper Excerpt
the court. upon the application of the committee, has removed Mr. Greenhut as receiver, and placed the assets and property of the company in safe hands, the president and directors still remain in control of the organization.
Source
newspapers
2. March 12, 1895 Other
Newspaper Excerpt
the court, upon the application of the committee, has removed Mr. Greenhut as receiver, and placed the assets and property of the company in safe hands ... Copies of the plan of reorganization and form of assent may be had on application to the Manhattan Trust Company, corner of Wall and Nassau streets, New York.
Source
newspapers
3. June 23, 1897 Reopening
Newspaper Excerpt
The directors were elected without contest and represent the plan of reorganization proposed by the Manhattan Trust Company of New York. It is understood that the present receivership will be terminated shortly and the company placed on a sound financial footing.
Source
newspapers

Newspaper Articles (2)
1. March 12, 1895 The Times Richmond, VA
Article from The Times, March 12, 1895

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Article Text

to provide a sufficient reserve against future contingencies. Although the court. upon the application of the committee, has removed Mr. Greenhut as receiver, and placed the as. sets and property of the company in safe hands, the president and directors still remain in control of the organization. Under existing circumstances a judicial sale of the property of the company and a dissolution of the present corporation may take place at an early date. It is imperative that stockholders should unite at once to protect their general interest and empower their representatives to take immediate steps to that end. In view of the necessity for immediate action, the committee has fixed March 25, 1895, as the limit for acceptance of deposits under the plan. Copies of the plan of reorganization and form of assent may be had on application to the Manhattan Trust Company, cornor of Wall and Nassau streets, New York. Richard B. Hartshorne, John I. Water. bury, F. M. Lockwood, Jules S. Bache, William E. Hutton, Committee,

2. June 23, 1897 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 23, 1897

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Article Text

tosh, A. L. Mills, Richard Noxon and C. F. Adams. The directors met this afternoon and elocted the following officers: President and treasurer. Thomas L. Green, New York: vice president. C. A. Dolph, Portland: secretary. N. Posten. Portland. The directors were elected without contest and represent the plan of reorgantzation proposed by the Manhattan Trust Company. of New York. It is understood that the present receivership will be terminated shortly and the company placed on a sound financial footing.