14952. Bank of Commerce (Buffalo, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 12, 1902
Location
Buffalo, New York (42.886, -78.878)

Metadata

Model
gpt-5-mini
Short Digest
87e79aa6

Response Measures

None

Description

Newspaper items (Apr–May 1902) refer to 'Receivers of the Bank of Commerce of Buffalo' and a receivers' foreclosure suit over land; no articles describe any run or temporary suspension/reopening. The bank is in receivership (closed). Bank type not stated in articles.

Events (2)

1. April 12, 1902 Receivership
Newspaper Excerpt
Persons Hazells, Receivers of the Bank of Commerce of Buffalo vs. C. G. Bealing and others
Source
newspapers
2. May 16, 1902 Other
Newspaper Excerpt
Tyrrell land suit was argued once more yesterday before Judge Purnell. This is a suit brought by the receivers of the Bank of Commerce of Buffalo, N. Y.
Source
newspapers

Newspaper Articles (2)

Article from The News & Observer, April 12, 1902

Click image to open full size in new tab

Article Text

# A BIG LAND SUIT. A Tract of 39,400 Acres in Tyrrell County is Involved. The case of Persons Hazells, Receivers of the Bank of Commerce of Buffalo vs. C. G. Bealing and others came up before Judge Purnell yesterday in the United State Circuit Court. This was a suit in equity to foreclose a certain mortgage held by the Bank of Buffalo and to declare null and void certain tax deeds acquired by Wirgman and others-covering 39,400 acres, situate in Tyrrell county-said bank alleging said deeds were procured by conspiracy, etc., in that the defendants in the present suit improperly induced the tax collector to sell said bonds for taxes and thereby purchased the same by collusion. The cause was set down for hearing today by Judge Purnell, for the purpose of deciding the relevancy of certain testimony offered by the parties to said suit as hearing on the questions above stated. It was a mass of testimony and embraced about eight hundred typewritten pages. By agreement of counsel the cause was continued until May 14th, 1902, when the same will be argued upon the merits and a final disposition made of all the questions involved. The attorneys in the case were Jas. E. Shepherd, of Raleigh; Norris Morey, of Buffalo, N. Y., and W. D. Pruden, of Edenton, N. C., for the plaintiffs, and F. H. Busbee, of Raleigh, and E. F. Aydlett, of Elizabeth City, for the defendants. It seems that the Bank of Commerce of Buffalo held mortgages for about $50,000 on the tract of land in Tyrrell county. After the bank came in possession of this mortgage, it is alleged that Frank M. Wirgman, Charles G. Bealing and others entered into a conspiracy and had the land sold for taxes, and became purchasers thereof. One year subsequent thereto, the bank having failed to redeem the land, Wirgman and Bealing procured a deed from the sheriff of Tyrrell county, and claim the land under this title from the sheriff. The bank claims that by reason of those facts, they acquired no legal title to said land, and asked that the court as a court of equity decree Wirgman and others trustees and holders of the legal title for the Bank of Buffalo. # DEPEW'S ATTACK HOTLY F (Continued from Fin the proposition for reciprocity originally favored a reduced 20 per cent, and by Mr. Shafroth, who vigorously opposed the bill, said that the sugar trust, was waging war of extermination on the best sugar industry, of which he was chief beneficiary. Mr. Henry (Miss.) supported the bill on the ground that while it was bad, it was a step in the direction of reduction of duties. The leaders of the House have been much worried as to how the controversy were to be relieved today when Mr. Richardson, who is acting as the Republican leader upon this occasion, informed them after a careful canvas he had made that, when the attempt is made to overrule the chair in order to offer an amendment to abolish the differential on refined sugar, the chair will be sustained. On both sides it is conceded that uncertainty regarding the fate of the bill hinges upon the question of ruling of the chair. Despite Mr. Richardson's canvass, there are those among the opponents of the bill who still confidently say they will win the victory. The Speaker announced the appointment of a committee to attend the funeral at Arlington Cemetery, of General Rosecrans, including Mr. Richardson and Mr. Taylor (Ala.) The Postoffice Appropriation bill was sent to conference. Messrs. Cannon (Ills.) and Swanson (Va.) were named as conferees. OVER THE MO A Fine Turnpike Ashe to Wilkes Built by Con


Article from The News & Observer, May 16, 1902

Click image to open full size in new tab

Article Text

# Tyrrell Land Suit Again. The Tyrrell land suit was argued once more yesterday before Judge Purnell. This is a suit brought by the receivers of the Bank of Commerce of Buffalo, N. Y., against C. G. Beling, F. F. Brown, F. W. Wirgman and Andrew Brown. It involves the title to about 70,000 acres of timber land in Tyrrell countny. The attorneys are, for the plaintiff: Judge James E. Shepherd, Mr. W. D. Pruden, of Edenton, and Mr. Norris Morey, of Buffalo; for the defendants, Mr. F. H. Busbee and Mr. E. F. Aydlett, of Elizabeth City.