Bank of Albany - Albany, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 8, 1850
Location: Albany, New York (42.653, -73.756)

Metadata

Model: gpt-5-mini
Short Digest: 15b57a30

Response Measures

None

Description

Article (Dec 20, 1850) references a court order of May 8, 1850 and the receiver of the Bank of Albany sending notice to bill holders; indicates the bank was placed into receivership by court action. No run or depositor agitation is mentioned.

Events (2)

1. May 8, 1850 Receivership

Newspaper Excerpt: the undersigned Receiver of the Bank of Albany hereby ... notice ... send place Office ... the fund the Court for Bank, WHITE Receiver Office send place Off notice N sts COLL E F IN 018 (text with OCR errors corrected to indicate a receiver named White was appointed). Note: receiver appointment referenced in same May 8, 1850 court order in article dated Dec 20, 1850. Note: OCR errors present in original; snippet corrected to reflect appointment of a receiver named White and court notice to bill holders.
Source: newspapers

2. May 8, 1850 Suspension

Cause: Government Action
Cause Details: Court order (May 8, 1850) placing the bank under a receiver and calling for bill holders to present claims; bank effectively suspended by court action.
Newspaper Excerpt: order eighth day of May 1850 ... signed Receive[r] of the Bank of Albany hereby ... notice ... the fund the Court for Bank
Source: newspapers

Newspaper Articles (1)

1. December 20, 1850 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, December 20, 1850

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Article Text

THOMAS December 18th 1850. relief deman S BOSWORTH Plaintiff Attorney York street New City Nassa d20 1aw6wF Beni REME COURT City County of New York James C USA F contract You TT MES hereby New of County filee Clerk of the City and Hall copy York office York City of the the this day after service the implaint and take the time the plaintiffe aforesaid, and three against 846 cents Mone action.-Dated 8.79 679 23 23, 1845. beside the coste ISAAC POMEROY December 19 1850. Plaintiff Attorney d20 law8wl SUURREME COURT - LEVIS CHATFIELD, Attorney Attorney NT Genera DI Suc the against inst THE PRESIDE RECTORS AND State COMP ANY OF THE CANAL Court of the State BANK or AL BANY order eighth day of May 1850 the t of New York, made on the twent dersigned Receive of the Bank of Albany hereby bills to the holders of the tice holdine given said Caual I Bank and to the person the each Graf the said bills that they are office the Albany the fund the Court for Bank, W HITE Receive Office send place Off notice N sts COLL E F IN 018