National Bank - Albany, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1886*
Location: Albany, New York (42.653, -73.756)

Metadata

Model: gpt-5-mini
Short Digest: 8227c5ee

Response Measures

None

Description

OCR error corrected: article says National Bank of Albin, N. Y. which refers to Albany, NY. Article states the bank failed in 1886 and a receiver brought suit resulting in a verdict; no run or temporary suspension is described — the bank failed and a receiver was active, so classified as suspension_closure (permanent closure/receivership).

Events (1)

1. January 1, 1886* Receivership

Newspaper Excerpt: The bank failed in 1886, its president having lost $225,000 of its money in stock speculations. In New York yesterday the jury returned a verdict of $149,000 in favor of the receiver of the National Bank of Albin, N. Y, against Kissam, Whitney & Co., stock brokers, of Wall street.
Source: newspapers

Newspaper Articles (1)

1. April 27, 1888 Alexandria Gazette Alexandria, VA

Article from Alexandria Gazette, April 27, 1888

Click image to open full size in new tab

Article Text

NEWS OF THE DAY. J. B. Biscoe was to have been hung at Leona dtown, Md., to day for the murder of Capt. Dixon. Henry Woods' Sons & Co.'s chemical works at Natick, Mass, were barned yesterday. Losses, $150,000. The Maine republicans elected delegates to the republican national convention yes. terday and returned thanks to Mr. Blaine for his tariff letter. A platform, with several hundred persons on it, broke yesterday at Agen while President Carnot of Franco was laying the corner stone of a lyceum, and twenty persona were injured. A bill declaring that no flag but the stars and stripes shall hene-forth fly from any in the was of 104 to in the public by a vote building 4, State, New York defeated As sembly yesterday. The republican convention of the sixth congressional district of South Carolina elected delegates to the national convention who were uninstructed, but will probably support Sherman. A jury in Mobile, Ala yesterday returned a verdict giving twenty.five thousand dollars damages in favor of G. Hall, a brake man, against the Louisville and Naebville Railroad Company. Geo. W. Van Lear is under arrest at Ur. bana, Ohio, charged with trying to burn his father-in-law's house, and attempting to murder his wife and children, who were in the house at the time. In New York yesterday the jury returned a verdict of $149,000 in favor of the receiver of the National Bank of Albin, N. Y, against Kissam, Whitney & Co., stock brokere, of Wall street. The bank failed in 1886, its president having lost $225,000 of its maney in stock speculations. The Indiana democratic convention yesterday nominated Courtland C. Watson for and D. governor, W. Voerhees, and John David H. Boss Tur delpie, John G. Shankin legates at large to St. Louis. The resolu tions declare Isaac P. Gray to be the choice of Indiana democratefor Vice-President, and endorse Cleveland, A despatch from London yeaterday says Kilrain will arrange a match with Sullivan, to fight according to London priza ring rules, for ten thousand dollars and the championship of the world, the fight to take place either in England, France or America, six months from signing articles Kilrain's en gagements will not permit him to fight sooner.