14440. St Nicholas Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
May 18, 1900
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
40ec1d1d68e205ef

Response Measures

None

Description

Articles (May–June 1900) describe the St. Nicholas Bank being placed in receivership (Hugh J. Grant as temporary and then permanent receiver) and refer to it as 'defunct.' No article mentions a depositor run or heavy withdrawals. Thus the bank suspended operations and was closed with a receiver appointed (permanent winding up). Later articles (1918–1919) merely list the receiver's name in legal notices. Bank type is not specified in the texts.

Events (2)

1. May 18, 1900 Suspension
Cause
Government Action
Cause Details
Court appointment of a temporary then permanent receiver; bank placed into receivership and wound up.
Newspaper Excerpt
AFFAIRS OF THE ST. NICHOLAS BANK. Hugh J. Grant has given notice of his intention to present to the State Supreme Court... a full and accurate account of his proceedings as temporary receiver and as permanent receiver of the St. Nicholas Bank of this city.
Source
newspapers
2. June 23, 1900 Receivership
Newspaper Excerpt
THE RECEIVER of the defunct St. Nicholas Bank, of New York, was Mr. Hugh J. Grant, of that city. His fees for winding up the business amounted to something like $75,000, but he didn't take a cent! That left something for the bank's creditors and they are very happy. (Baltimore County Union, 1900-06-23). The receiver of the St. Nicholas Bank is also referenced in later legal lists (1918–1919). (combined citation).
Source
newspapers

Newspaper Articles (5)

Article from New-York Tribune, May 18, 1900

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Article Text

AFFAIRS OF THE ST. NICHOLAS BANK. Hugh J. Grant has given notice of his intention to present to the State Supreme Court, at a Special Term, to be held in Part I, at the County Court House, in this city, on Wednesday, June 6, a full and accurate account of his proceedings as temporary receiver and as permanent receiver of the St. Nicholas Bank of this city.


Article from The Baltimore County Union, June 23, 1900

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Article Text

THE RECEIVER of the defunct St. Nicholas Bank, of New York, was Mr. Hugh J. Grant, of that city. His fees for winding up the busi- ness amounted to something like $75,000, but he didn's take a cent! That left something for the bank's creditors and they are very happy. There are few Hugh J. Grants in this country.


Article from New-York Tribune, November 4, 1910

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Article Text

EX-MAYOR GRANT DIES SUDDENLY Stricken in Auto, He Is Carried Into House to Before Doctor's Alrival. JUST BACK FROM VIRGINIA Had Been Seeking Health at Hot Springs There-Twice Elected Mayor and Twice Beaten in Race. Hugh J. Grant. twice elected Mayor of New York City and twice defeated for that office, died suddenly late last evening at his home, No. 20 East 72d street. Mr. Grant had been out on business. and was stricken in his automobile 18 was on his way home. He was helped his room and put to bed. but died before his doctor could reach him. Mr. O'Hanlon, the Coroner's physician. said death was due to nephritis. Early in the evening Mr. Grant had complained of feeling III, but. although a member of the family suggested that a physician be called, the former Mayor said he did not need one. Dr. George M. Swift, the family physician. of No. 20 West 55th street. reported the death to the Coroners' office. as due to heart disease, from which complaint the former Mayor had been a sufferer for some time. Mr. Grant was only fifty-five years old. Mr. Grant had been ill for about a year. Two weeks ago he returned from the Virginia Hot Springs. where he had been for several months, in the hope of recovering his health. Persons in Mr. Grant's house in 72d street were reticent directly after the news of his death became known. Early this morning Anthony N. Brady. with whom Mr. Grant was associated in a number of corporations, called at the house and was admitted at once. Mr. Grant was born in 1855 in West 27th street. His father was a successful liquor dealer. who invested his savings in real estate and became wealthy The elder Grant expended money lavishly on the education of his son. who was his only child. After attending public school Hugh was sent to Europe. where he studied German. French and music He came back to New York when about seventeen years old. and finished his education at St. Francis Xavier's College. where he spent four years. Afterward he studied law. and was graduated from the Columbia Law School. He opened real estate and law offices at No. 25 Chambers street and No. 203 West 54th street. Went Into Politics in 1880. Mr. Grant went into politics about 1880. and two years later was elected to the Board of Aldermen from the 19th District. He was re-elected in 1883, and first acquired fame by refusing to vote for the "boodle" Broadway steal. John Kelly. who then controlled Tammany Hall, took him up for Mayor the next year. but he was defeated by William R. Grace. County Democrat The next year. having Kelly still behind him. Mr. Grant was elected Sheriff He was elected Mayor in 1888, defeating Joel B. Erhardt. Republican candidate. and Abram S. Hewitt, County Democrat. and was re-elected in 1890 over Francis M. Scott. the fusion candidate At the end of his second term Croker refused him another nomination. and Thomas F Gilroy succeeded him. The testimony before the Fassett Investigating Committee of 1890 revealed a system of maladministration in the Sheriff's office running through Mr. Grant's term. It also brought out the remarkable relations which existed between Grant and Richard Croker. including the gift of $10,000 to Flosste" Croker. Richard Croker's infant daughter Grant's excuse for this present to the Tammany Hall chieftain's daughter was that he was godfather to the child. Croker. however, under the prodding of counsel. before the Fassett committee. admitted that he had taken the money himself. and had invested it in his Mount Morris property His Appointments Attacked. Many of Mr. Grant's appointments as Mayor were severely criticised One of his principal achievements in that office was the removal of all overhead electric wires in the city.. In 1894 he ran again for Mayor on the Tammany ticket. the Lexow revelations having made Mayor Gilroy's renomination impossible, but was defeated Since his retirement from office Mr. Grant had been active in the real estata field. His father, John Grant, was a large investor in real estate. and the son was wealthy in his own right while -till a young man. In 1900 he was made receiver of the Third Avenue Railroad, and held the place until the Metropolitan Street Railway took control of the system. in May of the same year. In that year also he was appointed permanent receiver of the Forty-second Street, Manhattanville & St. Nicholas Avenue Railroad. in the proceedings brought by the Lorain Steel Company. of Ohio Mr. Grant was the receiver of the St. Nicholas Bank.


Article from The Sun, September 10, 1918

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Article Text

and interest TRUST CO. OF N. Y. August, 1918. made in acc visions of the Banking La 219. Full name and last known residence or post office address of depositor or W. shareholder. R. Baker, Houston, Frederick Texas N. Blanc, Boreal Bldg. N Y. city Gilbert H. Bishop, Sing Y N. Mrs. Sing, Margaret Brown, co W. H. Coolidge Room 632. Tempie Court, N. Y Wm. Bunker, Tr. No. 2. 51 Wallst., N. Y city Campbell, Adam, Treas. Tenn. Spl. Bldg. Fd., 156 F1 thave., N. Y city H. M. Close as New Trustee and Assignee of Bangs, Merv in & Co., 38 Park Row, N. Y. city Coleman, J. C., referee, Y 100 Broadway, N. Conklin, city Ella R., Huntington, L.I Noah Davis, referee, 46 W. 56th st N Y city Est. Wm. Moore, Margaret P. Moore, extrx, CO Warner & Thayer. 52 William st., N. Y. city Est. Geo. H. Peck, Mary C. P. Gray. admx. OTA 23 Prospect st., E Orange N. J Frothingham & Blossom, trustees, 160 Broadway N. Y. city Arthur Leary, admr. 73 William st N. Y. city James S. Garvin, trustee, 728 Nostrand ave., H. Bklyn J. Grant rec'r St. Nicholas Bank, 54 Wall Y. z C. M. st. R Hatch, 105 E. 39th Y. z James st. H. Husted. no adEst. dress N. W. T. Hatch Mills, Robinson & Smith. 96 Broadway N. Y. city In the matter of the New Amsterdam Fire Insurance Co. B. Casserly receiver. 173 Broadway N.Y. city J. W. Kimball, Ft. Covington, Franklin Co., N. Mrs. Y Estelle Melville. 200 W 57th st N. Y. city N. Y. Sectional Elec. Underground Co., W. S. Taylor, treas., 8 Thomas st. N Y. city F. P. Olcott, rec. Wall St. Bk., 54 Wall st., N. Y. F. city P. Olcott. construction a/c, 54 Wall st., N. Y. city Est. Anna Ossowski, 54 Wallst N Y. city Park Fire Insurance Co. dividend. 119 Broadway, N. Y city Hy Peavey & Co., 16 University pl., N. Y. Lawrence city N. Ramage, sub. trustee under the Geo. S. W. Gulf R. R. Co mtge. dated 10-20-08, no address Horatio Reed. assignee ft. W. 40th st., N. Y Rushforth city Feed Water Heater Co., 61 Broadway N.Y.city Hon. Leonard Hand in the matter of the Sanderson Co., C. W. Wick ersham, recr. Court of So. Dist. N.Y. Sands, H. H., care W Sheldon Co., 62 Cedar st N. Y. city Sandy Hill Quarry Co 143 Liberty st., N. Y H. city F. Sewall Est CO Chas. Sewall, 58 Willlamst. N. Y city. Edw Solomon, Gen'l Guard. 719 Broadway. N. Y city W. P. Tostevin, in trust 1123 Broadway, N. Y Wall city St. Bk stockholders dividend, 54 Wallst., N. West city Superior Iron & Steel Co., 120 Broadway N.Y. city Edward Goodenough & H. Daly. Jr. (etf. dep 206 Broadway, N. Y. Mrs. city Myran Barlow, 66 Broadway N Y city Est. Peter Wilkens, Wm Brands, ex 381 E. 138th st., N. Y. city David E. Grossman, 320 Broadway, N. Y. city State of New York, Cour D. OLCOTT. Vice- Pro GUSON, Secretary of the Co. of N. Y a trust com) ing business in the City county, being duly sworn that the foregoing report correct statement of the dividends and interest o Trust Co. of N. Y. mad the provisions of Sections I ter 369 of the Banking books of said Central Uni on the first day of D August OLC


Article from The Sun, September 10, 1919

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Article Text

Report of the unclain and nterest of THE TRUST COMPANY O first day of August, 191 with the provisions of 1 tions 134 and 219. Full name and last know residence or post office address of depositor or shareholder. Allan Absorber Co. W. R. Baker, Houston, Tex Frederick N. Blanc, Boreal Bldg. N. Y Gilbert H. Bishop, Sing N.Y. Sing. Est of Mary Bradhurst Augusta C. Field, executor, 118 E. 25th St., N. Y City Mrs. Marg Brown, c-o W H. Coolidge, 632 Temple Court, N. Y. City Wm Bunker, Tr. No. 2, 51 Wall St N.Y City Campbell, Adam, Treas. Tenn. Spl. Bldg. Fd., 156 Fifth Ave H. M. Close, as New Trustee & Assignee of Bangs, Mervin & Co., 38 Park Row, N.Y.City Coleman, J. C., referee 100 Broadway. N. Y. City Conklin, Ella R., Huntington, L. I. Noah Davis, referee, 46 W. 56 St. N. Y. City Est. Geo. H. Peck, Mary C.P. Gray, adm. C.T.A 23 Prospect St., East Orange, N.J. Frothingham & Blossom, trustees, 160 Broadway N.Y.City Paul L. Kiernan, 152 E 35th St. N. Y. City Otto Krug, care Hamburg American Line, N.Y. City Arthur Leary, admr., 73 William St James S. Garvin, trustee, 728 Nostrand Ave., Bklyn, N.Y H. J. Grant. recvr St Nicholas Bank, 54 Wall St., N. Y. City. M. R. Hatch. 105 E. 39th St., N. Y. City. James H. Husted, no address Est. N. W. T. Hatch,c-o Mills. Robinson & Smith 96 Broadway. N.Y.City. I-M New Amsterdam Fire Insurance Co., B. Casserly, receiver, 173 Broadway Mrs. Estelle Melville, 200 W. 57th St., N. Y. City. N. Y. Sect. Elec. Underground Co., W. S. Taylor. treasurer, 8Thomas St., N. Y. City F. P. Olcott. rec. Wall St Bank, 54 Wall St., N. Y City F. P Olcott Constr A-C 54 Wall St. N.Y. City Est. Anna Ossowski, 54 Wall St N. Y City Park Fire Ins. Co. Dividend. 119 Broadway. N.Y. City Caroline 0 Connor, Hem stead, L. I., N.Y Horatio Reed, assignee, ft. W 40th St., N.Y. City Hon. Learned Hand m Sanderson Co., C. W. Wickersham, rec Sands, H. H., C-O W. Sheldon Co. 62 Cedar St. N.Y. City Sandy Hill Quarry Co., 143 Liberty St., N. Y. City Anna Van Campen Stewart. c-o Mrs. Chas. K Stewart,' 117 W. 58th St N. Y. City H. F. Sewall Est. C-O Chas, Sewall. 58 Willian St., N.Y. City Edw. Soloman, General Guard, 719 Broadway, N. Y. City W. P. Tostevin, in trust 1123 Broadway, N. Y. City Wall St. Bank Final Div. 80 Broadway West Superior Iron & Steel Co., 120 Broadway, N. Y City. Edward Goodenough & H. Daily, Jr., (Ctf. Dep. 206 Broadway, N. Y. City Pearl S. and-or Edgar 8. Walter 44 West 77th St., N Y. City State of New York. Co F. J. FULLER, Vice-1 HARTSHORNE Asst CENTRAL UNION TI Trust Company located the City of New York 1 duly sworn. each for foregoing report is a f statement of the uncl dends and interest of th Company of New York with the provisions of Se Chapter 369 of the Bank the books of said Central of New York on the first F. J. FULLER, V1 T. W. HARTSHOR Severally subscribed & deponents the 9th day before me. [Seal of Notary; Notery Public West