14117. Manufacturers & Builders Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 26, 1875
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
e74f2e444009a3d1

Response Measures

None

Description

Multiple contemporary newspapers report the Manufacturers' & Builders' Bank (Third Ave & 57th St.) suspended on Nov. 26, 1875. Coverage states the directors resolved to discontinue business and go into voluntary liquidation, a receiver (Wm. A. Butler) was appointed and the bank is in liquidation/receivership — i.e., permanent closure rather than a temporary suspension or run-driven event. No run on this bank is reported (runs mentioned concern People's Savings Bank and others).

Events (2)
1. November 26, 1875 Receivership
Newspaper Excerpt
Mr. Wm. A Butler was appointed receiver, and gave a bond for $600,000.
Source
newspapers
2. November 26, 1875 Suspension
Cause
Voluntary Liquidation
Cause Details
Directors resolved to discontinue business and go into voluntary liquidation due to stagnation in trade and collapse in local real-estate/building business; appointed a receiver to wind up affairs.
Newspaper Excerpt
The Manufacturers' and Builders' Bank ... suspended this morning.
Source
newspapers

Newspaper Articles (21)
1. November 26, 1875 Public Ledger Memphis, TN
Article from Public Ledger, November 26, 1875

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NEW YORK ITEMS. NEW YORK, November 26.-A dispatch from Paris says a rumor is prevalent to the effect that there is a movement on foot among the people of Savoy, having for its object a separation from France and re-annexation to Italy. The Central Park Savinds Bank, a comparatively small institution, is to be wound up, by the State Superintendent at the request of its president. The New England Society met in special session to-day, and adopted resolutions of regret at the death of VicePresident Wilson. The Manufacturers' and Builders Bank, at Third avenue and Fifty-seventh street, suspended this morning. The excitement in the vicinity among depositors is intense. There was a run on the People's Savings Bank, Third avenue, this morning, and the officers closed the doors, taking advantage of sixty days notice, as this bank was affected with others by the run on the Third avenue Savings Bank a short time ago. There was also a slight run to-day on the Security Savings Bank.

2. November 27, 1875 New Orleans Republican New Orleans, LA
Article from New Orleans Republican, November 27, 1875

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NEW YORK. A Savings Bank Wound Up. NEW YORK, November 26.-The Central Park Bank, a small savings institution up town, will be wound up. Suspended. The Manufacturers and Builders' Bank suspended. The liabilities, exclusive of capital, which is $180,000, are $300,000. The officers say they have sufficient to pay depositors and have a handsome surplus. Run on a Bank. There was a run on the People's Savings Bank, but the officers took advantage of sixty days' notice allowed. and closed the doors. There was a slight run on the Security Savings Bank. Arrival of the Cardinal. The Abyssinia. with Cardinal McCloskey, has arrived. He was met on the landing by a delegation of the clergy and laymen, and escorted to his dwelling. Failed. E. Waitzfelder & Co., dry goods and cotton commission merchants, failed. Oakey Hall Turned Actor. Manager Stuart's announcement that exMayor Hall would appear at the Park Theatre in a new drama is corroborated by him, and has excited much interest in dramatic, literary and legal circles. Boucicault, Harlbut and Stuart himself are said to be his collaborators. Beecher's Thanksgiving Sermon. Mr. Beecher, in his thanksgiving sermon, discussed the question of the common schools. and notably the point whether the Bible should be read in them. He declared unqualifiedly against. There is no reason, he argued, why the Jew should be compelled to listen to, or pay for the reading of the Testament, which he did not believe, why the Roman Catholic should be forced to have his children read or listen to the reading of the Protestant version of the Bible, which he did not think correct. or why, in the localities where the majority was the other way, the Protestant children should be forced in the same way to read the Douay Bible.

3. November 27, 1875 Wilmington Daily Commercial Wilmington, DE
Article from Wilmington Daily Commercial, November 27, 1875

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Shaky New York Banks. The Manufacturers' and Builders' Bank, in New York, suspended yesterday. Its liabilities, not including its capital, which is $180,000 are reported at $200,000. There was a run on the People's Saving4 Bank, but its officers took advantage of the 60 days' notice, and closed their doors. There was also a slight run on the Security Savings Bank.

4. November 27, 1875 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, November 27, 1875

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REPORTED EXPRESSLY FOR THE MORNING LEADER. NIGHT REP ORT. The Last Honors paid to the late Vice President. Indian News from the South The Missouri River Sioux Ready to give up the Black Hills. The Loss of the Pacific. New York, Nov. 26,-A dispatch from Paris says that a rumor is prevalent to the effect that there is a movement on foot, among the people of Sayoy, having for its object a separation from France and re-annexation to Italy. The Manufacturers and Builders bank, at the corner of Third Avenue and 57th street, suspended this morning. The excitement in the vicinity, among depositors is intense.

5. November 27, 1875 The Cincinnati Daily Star Cincinnati, OH
Article from The Cincinnati Daily Star, November 27, 1875

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New York. / NEW YORK, Nov. 27.-There is no probability that the suspension of the small banking institutions on Third avenue reported yesterday will produce any excitement or run upon any of the other savings banks. The Manufacturers' and Builders' Bank will probably pay in full, and may resume business. The People's Bank will also resume soon. FUNERAL. NEW YORK, Nov. 27.-The funeral of W. B. Astor, the millionaire, took place from Trinity Church this morning. Bishop Potter, Revs. Morgan, Dix, Houghton and other eminent divines were present. ALIVE. Matthew Crony, gate-keeper at the Penitentiary, whose skull was fractured yesterday, his brains oozing from the wound, is still alive. His vitality under the circumstances is a marvel to the physicians. The summing up in the Scandal murder trial is progressing. Beach, counsel for prisoner, is making an able argument. SENTENCED. Col. Robt. Des Anges, who has been found guilty ot complicity in smuggling goods through the appraiser's office at undervaluation, was sentenced by Judge Benedict to-day to two years in the Albany penitentiary and to pay a fine of $1,000.

6. November 27, 1875 Eureka Daily Sentinel Eureka, NV
Article from Eureka Daily Sentinel, November 27, 1875

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Thy ways, erc., and from the Scriptures. Soon after th casket was placed on the catafalque the President with Secretaries Fist Bristow, Belknap, Robeson and Char dier entered and were assigned to tl front row of seats, opposite those o enpied by the Supreme Court, all whom were clad in their robes office. The Committee of Arrang ments and Massachusetts Committe occupied seats immediately in the rea of the Supreme Court, and behir them were nearly all the members € the Diplomatic head d by Sir E ward Thornton, who is the oldest con tinuous member of the corps, and b hind them were citizens of Massach setts in Washington. On the oth side of the chamber the relatives the President and next the membe of the Senate and House of Represe tatives. Among others on the flo were Adjurant General Townsen Quartermaster General Ingalls, Jud Advocate Gen. Holt, and Ass't Judi Advocate General Dun, Genera Pelou e, Van Vliet, Meir, Barne Humpurey and other armv of cers; ex Attorney General William Commi sioner Pratt, Frederic Don las, and others of prominence. T chair of the Vice President was vaca and heavily draped in mourning. W. Ferry, of Michigan, President P tempore of the Senate, occupied a NO at the Clerk's desk. The officers of t Senate and the Committee of Arrang ments wore whitesilk sashes. gather at the left shoulder in black and whi rosettes. In spite of the very inelet ent weather the largest part of the present were ladies. Among those the diplomatic gallery were Mrs. Grat Mrs. Fish, Mrs. Blknap, and M Bristow, All being in readiness, M Ferry announced that the service would now begin. Rev. Dr. Sunde land, standing at the Clerk'sdesk, the read = brief selection of Scripture, all which Rev. Dr. J. E. Rankin deliver an eloquent discourse. When the addres was finished. Re Dr. Sunderland offered a I rayer al pronounced the benediction. The es fin was then closed and the funer cortege formed in the order prescrib and proceeded to the depor of the B timore and Potomac Railway Cor pany. Suspension of a Bank. NEW YORK, Nov. 26. The New England Society met special session to-day and adopted re oluvions of regret at the death of Vi President Wilson. The Manufacturers and Builde Bank, at the corner of Third aven and Fifty-sovench street, suspend this morning. The excitement in t vicinity among depositors is intense. Run on a Bank. NEW YORK. Nov. 26. There was a run on the People's Sa ings Bank in Third avenue, this mor ing. and the officers closed the door takin advantage of the sixty days n

7. November 27, 1875 The Silver State Unionville, Winnemucca, NV
Article from The Silver State, November 27, 1875

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SUMMARY OF THIS MORNING'S DISPATCHES. Legal tenders quiet at 87½ buying, and 87% selling. The Poorman Mining Company of Idahe has levied a fifty cent assessment, delinquent on the 29th of December. A disastrous incendiary fire occurred at Albany, New York, yesterday morning, destroying the livery stable of Anson Marshall, containing horses, buggies, etc., all of which were destroyed. Loss, about $80,000. A dispatch received from survivors of the Magdalene Islands fleet says six vessels were lost, and only seventeen then saved out of sixty-two. The Indian troubles in New Mexico are reported as being of a serious character. Harry H. Silsbie, of Cincinnati, committed suicide in that city yesterday morning. It is understood that the Missouri River Indians-about seventy per cent. of those originally going into the treaty are disposed to sell their interest in the Black Hills to the United States, The Manufacturers and Builders' Bank in New York susponded yesterday. Much excitement. There was a run en the Peoples' Savings Bank in New York yesterday, but the doors were soon closed, the sixty days'notice having been taken advantage of. Leading creditors of Lee & Shepard, Boston, have unanimously agreed to accept the proposition of the firm to pay twenty-five cents on the dollar in eight installments at intervals of three months. A dispatch from San Diego says, Chavez, the robber and late lieutenant of Vasquez, was recently killed while resisting an attempt to arrest him. Ex-Alderman Clement, of Toronto, Canada, was arrested yesterday, charged with complicity in the murder of Miss Gilman, for causing whose death Dr. Dane's wife has been sentenced to be hanged. The funeral of the late Vice President arrived at Union depot, Baltimore, at 3 P. M. yesterday, The procession formed and proceeded to the City Hall, where were assembled 5,000 people awaiting the arrival of the procession. On the arrival, a little after 4 o'clock, the casket was borne from the hearse and placed on a bier in the rotunda, which was tastefully draped in mourning. The body laid in state about an hour and a half: vast crowds passed and looked the last look at features so long familiar to the public. About half past 5 the casket was closed, and the line of march again formed, the body removed to the hearse, and the procession marched to Calvert Street depot, where the remains were placed on the train which left for Philadelphia at 6:25. During the ceremonies in the city the bells tolled and there was every demonstration of respeet to the deceased.

8. November 27, 1875 The Sun New York, NY
Article from The Sun, November 27, 1875

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THE MANUFACTURERS' AND BUILDERS'. On the cor er of Third avenue and Fifty. seventh street is a splendid five-story building of O: in stone, owned by John D avidson, Presidentol the Manufacturers' and Builders' Bank, a Statemank of deposit and discount. The om 108 are in the first story, and are very b: ndsomely fitted up. Henry J. Burenell is Vice. President and David Morgan cashier. Mr. Morgan was secretary of the Third Avenue Savings Bank for several years, until succeeded by Mr. Carman in D cember List. The directors are Henry J. Burchell, John Sexton. David Morgan, John J. Burebell, vichael Murray, John D vidson, Samwel Cooper, David Babcock, William Baird, Leander Stone, Withium A. Butler, G L. Schuyler. Nath niel Burchell. A. H Mass, N. A. WilInims, William P. Parsons, G. Vanderpool, John D. Moll. The bank Was organized in 1869. with a capital of $100,000. I 8 business was Largely, as its name indie with builders and real estate owners in the metriborhood of Central P rk. Since the pante, and the consequent collapse in real e in tate. its dep sits have greatly diminisned and its capital, which had been increased to $450,000, was reduced to $180,000. Fincing that banking did not Day, and learing that should liquidation be delayed they might not be able to pay their depositors, the directors resolved to discontinue business while still able to settle dollar for dollar. Mr. Wm. A Butler was appointed receiver, and gave a bond for $600,000. Yester-

9. November 27, 1875 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, November 27, 1875

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Bank 10rm. New YORK, November 26-The Central Park Bank, a small savings institution up town, is to be wound up. The Manufacturers and Builders Bank has suspended. There was a run on the People's Savings Bank to-day, but the officers took advantage of the sixty days' notice and closed their doors. There was also.a slight run on the Security Bank.

10. November 27, 1875 New-York Tribune New York, NY
Article from New-York Tribune, November 27, 1875

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WITH SUPPLEMENT. THE NEWS THIS MORNING. FOREIGN.-The British Minister, Mr. Layard, reThe fused at Bilbao a visit from Gen. Burriel. Public Prosecutor at Berlin charged Count von The sale of the KhéArnim with treason. dive's shares in the Suez Canal to the British Government was confirmed. DOMESTIC.-The funeral of Vice-President Wilson at Washington took place in a rain, but was very large; Dr. J. E. Rankin delivered a eulogy; the funeral train was impressively received in Baltimore, and, after remaining in that city some hours, left for The full $250,000 Philadelphia at 6:25 p. m. for the new Cincinnati Musical Hall has been raised. The schooner Sunshine was overturned off At the Columbia River, and 40 people lost. the Avery trial in St. Louis, it was said that Secretary Bristow is interested in the whisky firm of Newcomb, Buchanan & Co. of Louisville, and a A. B. Stoughthreat was made to indict him. Chief-Justice ton, a Washington lawyer, died. Waite refused to allow his name to be used for the Presidency. CITY AND SUBURBAN.-Plymouth Church decided upon calling a mutual council. The People's and the Central Park Savings Banks closed their doors, and a receiver of the Manufacturers' and Builders' Bank, a State institution, was appointed. Argument was had on the motion to release William M. Tweed from arrest or reduce his bail in the $100,000 The testimony was closed in the Scansuit. noll trial. Preparations were completed for the reception and escort of the remains of ViceCardinal McCloskey rePresident Wilson. The Legislative Comturned from Europe. mittee on Crime visited the House of Refuge. Three children were suffocated by the falling of an Gold 1143g, 11412, embankment in Brooklyn. 11412. Gold value of the legal-tender dollar at the close, 87 310 cents. THE WEATHER.- The Government report predicts cold and clearing weather. In this city, yesterday, the day was mild and very rainy; thermometer, 41°, 49°, 48°.

11. November 27, 1875 The New York Herald New York, NY
Article from The New York Herald, November 27, 1875

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MANUFACTURERS' AND BUILDERS' BANK. This bank of deposit suspended payment yesterday morning. The first notification of the event was found in a little strip of paper pasted on the doors at the usual opening hour, stating "that this bank will gu into liquidation and pay all its indebtedness." The stoppage was a source of wonderment to the public at large, as well as to the friends of the institution, although it had been a step under consideration by the directors for some time past. The suspension was brought about by the general stagnation in trade and building, which has greatly interfered with the business of the bank, it having hitherto had a large clientèle among the contractors and others who have some time since been engaged in erecting blocks upon blocks of buildings in the neighborhood. These people used to keep large accounts with the bank; but as all building operations have ceased of late there has been a corresponding falling off in the bank's business. Seeing no immediate prospect of improvement, it was determined to go into voluntary liquidation for the interest of all concerned. This bank, it will be remembered, were sufferers to some extent by the failure of Henry Clews & Co. They loaned that firm $150,000, taking as collateral security $365,000 worth of Burlington and Cedar Rapids and other railroad bonds. These bonds have been gradually realized on, and thus far there is but $50,000 of the debt remaining unsettled. This, too, will, it is expected, be fully covered by the securities on hand, so that eventually the bank will sustain no loss. The locking up of so much money, however, at the time was a serious blow, and was one of the many causes which assisteu to bring about the present result. The following is & statement furnished by the officers yesterday, which clearly sets forth the condition of affairs:$180,000 Capital stock

12. November 27, 1875 The New Orleans Bulletin New Orleans, LA
Article from The New Orleans Bulletin, November 27, 1875

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[CONTINUED FROM FIRST PAGE.] Panama, Nov. 17.-Everything quiet. The people have resigned themselves to the provisional government. President Arosemena has gone into the interior. NEW YORK, Nov. 26.-The Central Park Bank, a small savings institution up town, will be wound up. The Manufacturers' and Builders' Bank has suspended. There was a run on the People's Savings Bank, but the officers took advantage of the sixty days' notice allowed, and closed the doors. There was a slight run on the Security Savings Bank. Cardinal McCloskey was met on landing by a delegation of the clergy and laymen and escorted to his dwelling. QUEBEC, Nov. 26.-One of the survivors of the Magdalen fleet says six vessels were lost, and only seventeen out of sixty-two persons were saved. BOSTON, Nov. 26.-The creditors of Lee & Shepard have accepted twenty-five cents on the dollar, payments to be made in eight instalments. VIRGINIA CITY, Nov. 26.-The new Ophir mines commenced hoisting from 1300 feet level. SAN FRANCISCO, Nov. 26 -Benj. F. Gentz, of Boston, and Chas. Knight and wife, of Waltham, were lost on the Pacific. The schooner Sunshine, hence for Coos Bay, is ashore. bottom up, at the mouth of the Columbia River. It is reported she had thirty passengers and a crew of ten men; all are supposed be lost. Philadelphia, Nov. 26.-In the case against the President of the Bank of the Republic for $500 penalty, for refusing to allow Supervisor Tutton to search the bank for misstamped checks, the Judge said the Supervisor was not the proper officer to make the examination, and a verdict was rendered for defendant. FLATBUSH, N. Y., Nov. 26-In an altercation one woman killed a child in the arms of another woman, with a poker. MILFORD, Pa., Nov. 26.-The barn and sheds of Wm. Garrison were burned with LA three cows, a valuable horse, and a tramp who slept in the barn. MILFORD, PA., Nov. 26-The small-pox has broken out along the Hudson and Delaware Canal. The company have quarantined all boats showing the least symptoms of the disease. TOBONTO, Nov. 26.-Ex-Alderman Clement has been arrested for complicity in the muider of Miss Gilmore, for causing her death by abortion, and for which Dr. Davis and wife are now under sentence of death. 1 ATLANTA, Nov. 26.-Ten days ago the Gov. 1 ernor required State Treasurer Jones to make in a new bond; the time expired last night, and ] Jones having failed to file the bond, the office became vacant by the operation of the law. The Governor reserves the appointment of a 1 successor until a future day. Treasury business is done through the Controller's office A until an appointment is made. NEW YORK, Nov. 26.-Manager Stuart's ani nouncement that ex-Mayor Hall would appear at the Park Theatre in a new drama is corroborated by him, and has excited much c interest in dramatic, literary and legal circles. t Boucicault, Harlbut and Stuart himself are o said to be his collaborators. LITTLE Rock, Nov. 26.-The Senate passed 8 a bill changing the name of Clayton county I to Clay.

13. November 27, 1875 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, November 27, 1875

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FINANCIAL. NEW YORK. NEW YORK, Nov. 26.-The Manufacturers' and Builders' Bank, at Third avenue and Fifty-seventh street, suspended this morning. The excitement in the vicinity among the depositors is intense. There was a run on the People's Savings Bank, at Third avenue, this morning, and the officers closed the doors, taking advantage of the sixty days' notice, as this bank was affected with others by the run on the Third Avenue Savings Bank, a short time ago. There was also & slight run to-day on the Security Savings Bank. The Central Park Savings Bank, a comparatively small institution, is to be wound up by the State Bank Superintendent, at the request of its President.

14. December 16, 1875 The New York Herald New York, NY
Article from The New York Herald, December 16, 1875

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SUMMARY OF LAW CASES. Argument in the Barrmore contested will case was concluded yesterday afternoon before Surrogate Hutchings. Decision was reserved. Paul V. Gross, who was arrested on a charge of obtaining money under false pretences, has been honorably discbarged by the Grand Jury, there not being sufficient grounds for his indictment. Leave was granted yesterday by Judge Davis to William E. Butler, receiver of the Manufacturers and Builders' Bank, to sell, at $56 each, thirty-eight bonds or the Utica, Ithaca and Elmira Railroad Company pledged to the Chatham Bank to be paid on 120 days' drafts on England On application yesterday on behalf of the German Eptown Savings Bank, Mr. John E. Parsons was substituted, by order of Judge Davis, as counsel, in place of Adolph Levinger, under arrest upon a charge of embezzling the funds of the bank. An alternative mandamus was yesterday granted by Judge Davis against the Board of Health, directing it to enter on the burial records the name of Mary C. Goodwin, instead of Mary C. Goodman, or show cause why the alteration should not be made. The writ is made returnable morrow, A judgment was entered in the County Clerk's office yesterday in favor of the Trenton Banking Company against Duncan, Sherman & Co. for $136,000. The suit upon which this judgement was obtained was brought to recover money on deposit at the banking house at the time of its suspension. Application was made by Henrietta Hurt to the Su. preme Court some time ago for a writ of habeas corpus to compel her husband, who is separated from her, to Testore to her the custody of their child. The husband answered that the child died in Bellevue Hospital. To 5nd out whether this was the case the Court rejerred the matter to Nathaniel Jarvis, Jr. He reported yesterday in favor of the wife and against the husband's story that the child was dead. Catherine Davis, an administratrix, brought suit in the Superior Court, before Judge Freedman, against a William Hickman, to recover $5,000 damages for the death of her husband, caused, as 18 alleged, through the negligence of the defendant. The deceased was employed by the defendant in tearing down an old build. ing, and, as the widow claims, without proper facilities to do the work, and while so employed was killed. Judge Freedman yesterday dismissed the complaint, on the ground that no negligence had been shown. The case of Charles L. Lawrence, indicted in the United States Circuit Court, for the alleged forgery of the name of F.L. Blanding upon owner's oaths and Importer's entries, and also with presenting the same at the Custom House, with intent to defraud the United States, was continued yesterday until this morning. Application has been made by the counset for the defence to examine certain papers in the hands of the United States District Attorney, and he requested this delay for consideration of the request. Mr. Wade brought suit nineteen years ago against Anthony De Leyer for an accounting on a part-

15. December 31, 1875 New-York Tribune New York, NY
Article from New-York Tribune, December 31, 1875

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meeting was characterized by great disorder and confusion, and one person received a severe blow in the face from one of the speakers. On the petition of William A. Butler, receiver of the Manufacturers' and Builders' Bank, and on motion of Flanagan & Bright, Judge Lawrence yesterday authorized Mr. Butler to pay over at once $10,000 to Herman Uhl, the receiver of the German Up-town Savings Bank, that being about one-half of the sum the latter bank had on deposit with the former when both failed. It is rumored that the depositors of the Mutual Benefit Savings Bank are endeavoring to procure the removal of W. F. Aldrich, receiver. The proceedings, it is said, will be based on his alleged incorrect certificates as to the soundness of certain savings banks while he was Bank Examiner.

16. January 9, 1876 The Sun New York, NY
Article from The Sun, January 9, 1876

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ONE BANK'S EXHIBIT. Figures that may Interest the Manufacturers and Builders' Depositors. Mr. William A. Butler, receiver of the Manufacturers and Builders' Bank, filed with the County Clerk on Friday bis Inventory of the bank's assets and liabilities, and of the receivet's payments, as follows:

17. January 31, 1876 New-York Tribune New York, NY
Article from New-York Tribune, January 31, 1876

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THE GERMAN UP-TOWN SAVINGS BANK. Herman Uhl, receiver of the German Up-Town Savings Bank, has filed his report for the past month. He has paid a dividend of 25 per cent on balances due 2,051 depositors, amounting to $183,184 53, and has a balance of cash on hand of $110,164 84. Judge Donohue has granted an order permitting Wm. A. Butler, receiver of the Manufacturers' and Builders' Bank, to pay over the balance of the $20,000 on deposit with that bank belonging to the German Up-Town Bank, with interest. At the meeting of the depositors of the German Up-Town Savings Bank, at Turtle Bay Hall yesterday, it was reported the signatures representing $450,000 of the $700,000 necessary for resumption of business by the bank had been obtained. Other signatures were obtained during the meeting. The action of Assemblyman Killian in proposing a bill for th investigation of the official conduct of Inspector Ellis was approved.

18. February 24, 1876 New-York Tribune New York, NY
Article from New-York Tribune, February 24, 1876

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FINANCIAL EMBARASSMENTS. REPORTED BANKRUPTCY OF STURGES & CO.-SUSPENSION OF B. B. TILT & BON-REMINISCENCE OF BLACK FRIDAY. A. Butler, the receiver of the Manufacturers' and Builders' Bank, has applied for and obtained from Judge Donohue thirty days' further time to make a dividend. The ninety days within which be was originally required to make a dividend expires to-day. He states that his total receipts have been $193,685 30. His total payments, principally to the Chatham National Bank, on loans secured by collaterals, and of loans by the Germun Up-town Savings Bank, are $156,390 76, leaving $37,294 54 on hand. The enpaid indebtedness is about $210,000. He expects to receive within 30 days enough to enable him to make a substantial dividend of 35 or 40 per cent. A petition has been filed to have the firm of Sturges & Co., commission merchants of No. 31 South-st., adjudged bankrupts, on the ground of the suspension of their commeretal paper forty days. The firm consists of James S., Peter D., and Thomas T. Sturges. The following are the creditors who make the petition George W. M. Sturges, $38,000; Susan Sturges, $25,700; Ebenezer H. Batch, $5,250; T. C. Bennett, $3,972 84. The specific act on which the petition is based is that on Dec. 4 the firm failed to pay seven notes for $18,135, made to the Fourth National Bank At the office of B. B. Tilt & Son of Broome-st., the representatives of the firm said yesterday that the suspension of their Paterson silk mill and New-York house would probably be only temporary, as their assets were largely in excess of their liabilities. Their suspension was due to the fact that they had met with some losses through the failures of others. Pearce & Co. of Boston, who failed, owed them $70,000, in addition to which Tilt & Son were liable on paper indoreed for a large amount. In addition to this, they had suffered from tires in the mills at Paterson. The Phenix Mills, of which they were propriotors, employed between 800 and 1,000 hands, who will be thrown out of employment until tue resumption of business. The liabilities of the firm are estimated at about $350,000. A meeting of the creditors was held yesterday, and a committee appointed to examoun the flem's accounts. The creditors of Clark & Russell met yesterday before Register Allen and accepted the first dividend of 15 cents on the dollar. K. W. Martin, jr., a stock and gold broker who falled during the first Black Friday panio, has the a petition in bankraptey. His liabilities are well distributed. Heinchides among his assets several elame krowluk out of the Dinek Friday operations. Among them is one against Jay Could for $189,389; against Juy Gould and Albert Boyers, 100,000; against Smith, Could, Martin & Co.,

19. February 24, 1876 The New York Herald New York, NY
Article from The New York Herald, February 24, 1876

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MUNICIPAL NOTES. The Board of Apportionment held a short session at the Mayor's office yesterday afternoon. Mayor Wickhain, Alderman Lewis and Tax Commissioner Wheeler were present. An application was received from the Board of Education for a transfer of $100,000 from the un. expended balance of their account for 1875 to the appropriation for 1876, which was laid over. No other business of interest was transacted, and the Board adjourned to meet on Tuesday next. A regular meeting of the Board of Aldermen will be held to-day. Several important matters will be up for consideration, among them the Croton water and Hackman's resolutions. Comptroller Green being absent yesterday no meeting of the Sinking Fund Commissioners was held. Mr. Charles H. Swan was sent to Albany as the Comptroller's representative, with a copy of the lengthy document dilating upon the administration of city affairs in answer to a resolution of the Legislature calling for such information. Among the callers upon Mayor Wickham yesterday was Colonel William T. Pelton, nephew and private secretary of Governor Tilden. The Aidermanic resolutions in recognition of courtesies extended to representatives of the Board while on a trip to Ireland with the American Team have just been shipped to Dublin. They are beautifully engrossed, and will be presented to the Irish Team. An order was yesterday filed in the County Clerk's office giving Mr. William A. Butler, receiver of the Manufacturers and Builders' Bank, thirty days addi tional time in which to pay the first dividend. He has now on hand some $37,000, and expects to realize as much more at the end of this thirty days, when he expects to pay thirty-five per cent to depositors.

20. March 30, 1876 New-York Tribune New York, NY
Article from New-York Tribune, March 30, 1876

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CIVIL NOTES. In the suit of David Walls and others against Duncan, Sherman & Co. for $6,645 63, deposited to defendants' credit in the National Bank of the State of New-York. Judge Donohue has granted an order to show cause why William D. Shipman, receiver of the original defendants, should not be made a party defendant. The two suits of the City and County of New-York against William M. Tweed, in the former of which only a sum" mons, and in the latter only a summons and complaint were served in 1871. since which year they have slumbered quietly, gave yesterday signs of life. Fieid & Deyo being substitute at. torneys for Tweed in place of Willard Bartlett. In his decision on the application of the Industrial Exhibition Company to continue an injunction against Mor. ganthau, Bruno & Co. to restrain them from acting as plain. tiffs' agents and disposing of certain bonds, Judge Lawrence, in Supreme Court Chambers, says: Unless the plaintiffs will consent to refer all the issues in the case, and proceed from day to day, the injunction must be dissolved." Four Coroners and three Deputy Coroners entered judgments against the city yesterday by default for their ser. vices in the Fall of 1875. In each judgment $18 75 costs is included. Henry Weltman's judgment is for $8,375.81 Adolph Kessler's for $3,355 57: Richard Croker's for $4,027.06 Anthony Eichkoffs for $4,23054: Simeon N. Leo's for $789 40; Joseph Cushman's for $1,01264, and Edward T. T. Marsh's for $1,081 7 Judge Donohue in Supreme Court, Chambers, has directed Wm. A. Butler, the receiver of the Manufacturers' and Builders' Bank, to sell at auction certain bonds held by that bank. Some of these the witnesses before the referee, on whose report the Judge acts, state are worth only 10 or 15 cents on the dollar, while as to others all the brokers ex. Rmined are in entire ignorance, and recommend that they be disposed of at private sale. The suit of Charles Devlin against the City, growIng out of the Hackley street-cleaning contract of 1863, which was broken up by City Inspector Boole in 1863, came yester. day before Judge Van Brunt, in Common Pleas, Special Term. One of the City's defenses was that the contract was bought by bribing the Aldermen. Mr. Devlin succeeded on a trial before referee. but on appeal a new trial was awarded. The motion yesterday was to have the case put on the calendar for a jury trial. Decision was reserved. The appeal of George McLaughlin, who was dismissed from the Fire Department last December, was argued yesterday before the Supreme Court, General Term. The charge against McLaughlin was obtaining from Richard Baxter $45, payable in one month, no part of which had been paid. D. J. Dean, for the Commissioners, argued that the Commis sioners having given the relator notice of the charge and a public hearing, the Court had no power to inquire further into their actions. It was for the Commissioners to say whether the selling of a fireman's pay in advance, which was the real though unexpressed charge against the relator, was likely to impair the efficiency of the freman, and whether it was proved. The Court took the matter under consideration. Donglas A. Levien appeared for the relator, D. J. Deau for the Commissioners. The trial of the suit of De Witt C. Taylor against Jay Gould and others for $53,000, the difference between the purchase price of $200,000 gold sold to Albert Speyers as brokers, on the morning of Sept. 24, 1869-Black Friday-and the price at which it was sold out under the rules of the Gold Ex. change the same afternoon, was continued yesterday before Judge Barrett. in Supreme Court. Albert Speyers was on the witness stand all day, but nothing new of importance was elicited, though Judge Barrett ruled that circumstantial evidence might be given to show the connection of Smith, Gould in and Martiu with the transactions. The witness stated that a subsequent conversation with Mr. Gould, the latter denied having anything to do with the matter. He stated that on that Friday he , ad bought about $26,000,000 gold. His examination was not ended yesterday.

21. July 18, 1876 The New York Herald New York, NY
Article from The New York Herald, July 18, 1876

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# SUMMARY OF LAW CASES. Judge Westbrook, sitting in Supreme Court, Chambers, yesterday granted a writ of certiorari directed to Governor Tilden, asking him to forward the requisition and affidavits of the Governor of Pennsylvania upon which he authorized the arrest of Nathan Ulman. At the suit of George W. Ballou and Clarence H. Verner, Judge Westbrook yesterday granted an attachment against the property of the city of Erie in this State. The defendant is a municipal corporation in Pennsylvania, and plaintiffs are owners of one of defendant's bonds; and on presentation of the coupon to the Fourth National Bank of this city, where it was made payable, payment was refused; whereupon plaintiffs brought suit. On behalf of William W. Thompson application was made yesterday to Judge Westbrook for permission to make W. A. Butler, receiver of the Manufacturers and Builders' Bank, party defendant to a suit against William H. Richards for foreclosure of mortgage against Richards and wife. The averment is that subsequent to the execution of the mortgage a judgment was obtained against Richards and James R. Davis for $4,030 95 in the Marine Court. James Rothschild is now in the custody of the Police Superintendent upon the requisition of the Governor of Missouri, the charge against him being embezzlement. Application was made yesterday to Judge Westbrook by Mr. William F. Howe, his counsel, for a writ of habeas corpus, which was granted. The prisoner declares in his petition that the alleged embezzlement was moneys taken on a lien for services, and, further, that a civil suit brought by himself against the complainant in regard to such lien is now pending in the civil courts in Missouri. The writ is made returnable to-day, when the facts will be fully investigated. Henry Van Hoven, an alleged fugitive from justice, and whose extradition on a charge of forgery is demanded by the government of Belgium, was brought before United States Commissioner White for examination. The accused, who was brought here a few days ago from St. Paul, Minnesota, where he was arrested on a warrant, was represented by Mr. Richard O'Gorman, retained for the defence. The examination was postponed for a few days to await further documentary proof from the Belgian authorities.