14945. Bank of Buffalo (Buffalo, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 29, 1901
Location
Buffalo, New York (42.886, -78.878)

Metadata

Model
gpt-5-mini
Short Digest
9dec68bf

Response Measures

None

Description

Comptroller of the Currency appointed a temporary receiver (indicates a national bank). Examiner found a serious state of affairs and the comptroller would not consent to reopening; later reporting (Aug 16) shows the Bank of Buffalo agreeing to pay liabilities of the recently closed Niagara Bank, but no reopening of Bank of Buffalo is reported. Therefore classified as suspension leading to closure/receivership.

Events (2)

1. June 29, 1901 Receivership
Newspaper Excerpt
Comptroller of the Currency Dawes late tonight appointed a temporary receiver of the Bank of Buffalo. ... the examiner telegraphed the comptroller that the former report was sustained In all particulars and thereupon the comptroller wired him ... appointed a temporary receiver of the Bank of Buffalo, This statement was made by Mr. Dawes tonight: The examiner showed a serious state of affairs } ] }
Source
newspapers
2. June 29, 1901 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Examiner's report showed a serious condition of the bank's affairs; comptroller would not consent to reopening, prompting appointment of a temporary receiver.
Newspaper Excerpt
The examiner showed a serious state of affairs existing in the bank. In order that this report might be thoroughly verified the comptroller on Friday sent A. D. Lynch ... thereupon the comptroller wired him as follows: The condition of this bank is so serious that I can not consent to Its reopenIng for business Monday morning unless
Source
newspapers

Newspaper Articles (3)

Article from The Houston Daily Post, June 30, 1901

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Article Text

ANOTHER BANK FAILURE TEMPORARY RECEIVER APPOINTED FOR BANK OF BUFFALO. Preliminary Examination Showed a Serious State of Affairs Which Was Afterward Confirmed. Washington, June 29.-Comptroller of the Currency Dawes late tonight appointed a temporary receiver of the Bank of Buffalo, This statement was made by Mr. Dawes tonight: "The examiner showed a serious state of affairs existing in the bank. In order that this report might be thoroughly verified the comptreller on Friday sent A. D. Lynch of his office, together with another examiner, to Buffalo to make a careful examination of the condition of the bank. On Saturday Mr. Lynch telegraphed the comptroller that the former report was sustained In all particulars and thereupon the comptreller wired him as follows: The condition of this bank is so serious that I can not consent to Its reopenIng for business Monday morning unless


Article from The Houston Daily Post, June 30, 1901

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Article Text

COMMERCIAL. Trading was quiet, but both spot cotton and futures developed gains in New Orleans. The New York market was active at better prices. Wheat was weak and lower on account of lower cables and good growing weather for the spring crop. Stock prices were bid up with confidence by professional operators. A temporary receiver was appointed for the Bank of Buffalo, N. Y.


Article from The Indianapolis Journal, August 16, 1901

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Article Text

Indianapolis,- Ind. ident with a beautiful souvenir album containing scenes from the site of the exposition. The proclamation will be issued in a few days. In accordance with the agreement entered into by the officers of the Bank of Buffalo and the Niagara Bank, which was closed recently by the New York State Banking Department, Justice Kruz, in the Supreme Court, denied the application of Deputy State Attorney General Mason for a receiver for the Niagara Bank. The Bank of Buffalo agrees to pay all the liabilities of the Niagara Bank. Otto Cribb, the Australian pugilist, is dead. On the night of July 22 Cribb fought "Micky" Dunn in Sydney, N. S. W., before the Gaiety Athletic Club. The fight lasted nine rounds and ended in a knockout, Dunn being the victor. The next morning Cribb was found dead in bed. Cribb was well known on the Pacific coast, having fought several battles at San Francisco. His real name was A. O. Simpson. The Newberry divorce case come to an abrupt ending at Sandusky, O., yesterday, when Mrs. Clara White Newberry, daughter of Ambassador Andrew D. White, was granted absolute divorce from her husband, Prof. Spencer B. Newberry, who failed to contest the case. Each party was barred by the court from any right, title or interest in real or personal property of the other. Mrs. Newberry was also given the custody of the two children. William Zeigler, who is the financial backer of explorer Baldwin, now on his way to seek the pole, has returned to New York from England. "I had to bid Mr. Baldwin farewell in London." said he, "because of the illness of my little son. It had been my intention to follow Mr. Baldwin to Tromsoe, in Norway, and say good-bye there. I do not expect to hear from him again before next July. Then I may journey to the east coast of Greenland to meet him on his return." The jury in the case of William Barry, a wealthy farmer, who has been on trial at Langdon, N. D., for the murder of Andrew Mellem, his hired man, last night rendered a verdict of guilty of murder in the first degree, and ordered him sentenced to life imprisonment. Mellem was accused by Barry's sister of having betrayed her under promise of marriage, which he refused to keep. Last January he gave Mellem five minutes to pray, stood over him, knife in hand. and at the expiration of five minutes stabbed him to death. Col. J. R. B. Van Cleave, former insurance superintendent of Illinois, was arrested at Springfield, Ill., yesterday on a state warrant charging him with larceny of certain records and photographs from the Illinois Insurance Department. Complaint against him was made by H. H. Clayer, who for some time has been waging war against the Aetna Fire Insurance Company of Hartford, Conn., for alleged violation of the insurance laws of the State. Colonel Van Cleave gave bond for his appearance before Justice Connolly next Wednesday.