Reciprocity Bank - Buffalo, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 6, 1860
Location: Buffalo, New York (42.886, -78.878)

Metadata

Model: gpt-5-mini
Short Digest: 56d53591

Response Measures

None

Description

Article (New-York Daily Tribune, 1860-03-06) refers to 'the Receiver of the Reciprocity Bank in Buffalo' being authorized to compromise with stockholders — indicates the bank was in receivership. No mention of a run; no reopening reported. Date taken from newspaper publication.

Events (1)

1. March 6, 1860 Receivership

Newspaper Excerpt: To authorize the Receiver of the Reciprocity Bank in Buffalo to compromise and settle with any stockholders of the Bank in or out of the State for any judgment recorded against them.
Source: newspapers

Newspaper Articles (1)

1. March 6, 1860 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, March 6, 1860

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Article Text

ciary The were Brooklyn made the water bill was ordered* to a third reading. The bill to empower members of charitable and benevolent societies to vote by proxy was ordered to a third reading. ASSEMBLY. A bill to authorize the formation of Gas and Water Companies, was reported favorably. Mr. A. A. MYERS gave notice of a bill to incorporate the New. York and Brooklyn Cab Companies. Mr. J. M. SMITH, of a bill to authorize the Boards of Supervisors to abolish the office of School Commissioner. BILLS INTRODUCED. By Mr. BOWMAN-I repeal the act of 1856 to pro vide for a more thorough supervision and inspection of common schools. By Mr. JACQUES-To incorporate the New York Passenger at d Package Line Company. It incorporates E. N. Fairchild, A. H. Barney, J. M. Humphrey, W. G. Fargo, and A. G. Williams, with a capital of fifty thousand dollars, to run vehicles from steamboat and railroad landings to any part of the city. By Mr. C. KELSEY-To authorize the construction of a railroad from Lexington avenue to Park row. The incorporators are Richard L. Suydam, John Riley, William M. Lummis, and W. W. Fowler. By Mr. FISHER-To authorize the establishment of a horse railroad in Bedford avenue, DeKalb avenue, and other streets in Brooklyn. By Mr. CALLICOT. To authorize the building of a Court-House in King's County. It authorizes the Treasurer to borrow $100,000 and to issue bonds. By O. ALLEN. To authorize the Receiver of the Reciprocity Bank in Buffalo to compromise and settle with any stockholders of the Bank in or out of the State for any judgment recorded against them. By Mr. DWIGHT-In relation to libel. It provides that exemplary or vindictive damages shall only be recovered on the proof of malice. The Jury may determine the amount of the damage by a libel, without a production of a proof. By Mr. McQUADE-For the protection of boardng-house keepers. It gives them the same lien on baggage and effects as inn keepers have. Mr. A. SMITH offered a resolution to appoint a Committee, with Samuel A. Law, as Chairman, to inquire into the revenues and management of Canals, and to report on all matters by which a stricter economy can be enforced. Laid over. The Albany Susquehanna Kailroad bill was made the special order for Friday next. The Personal Liberty bill was made the special order for Wednesday next week. Mr. FINCH called up the resolutions requiring information of the Controller of the financial condition of the State, the amount of taxation necessary, &c. Adopted. Mr. ELLSWORTH moved for a report from the Receiver of the Hollister Bank in Buffalo, of all matters relating to the Bank since his appointment. Adopted. Also, concurrent resolutions calling on Congress for prompt payment of all Revolutionary debts, pensions, and claims. Laid over. The bill to authorize the consolidation of the Brooklyn Central and Jamaica railroads was recommitted. From Our Own Correspondent. ALBANY, Monday March 5, 1860. THE PROGRESS OF LEGISLATION. The Assembly on Saturday adjourned over till 7 o'clock this evening, and the Senate, which met at the usual hour this morning, took a recess till 7 o'clock this evening, immediately after reading the Journal, 80 neither branch is at work to-day. I will therefore post the books by a brief statement of the progress of legislation up to this time, which, it will be seen, compares favorably with the doings of last session for the corresponding time. Sixty one bills have been passed and sent to the Governor for his signature, of which 58 have been approved, and three are under consideration. Last year at this time only 25 bills bad been signed. In the Assembly, 610 bills have been introduced, and 91 have been received from the Senate; 369 bills have been repor ed favorably from Committees, 128 ordered to a third reading, and 125 have been read a third time and passed. Last year at this time 653 bills had been introduced, and 65 had been received from the Senate; 114 bad been reported from Committees, and 95 had been read a third time and passed. In the Senate, 276 bills have been introduced; 251 have been reported favorably from Committees: 140 have been ordered to a third reading, and 138 have been passed. I sent to THE TRIBUNE the titles and abstracts of such bills of general importance as had been signed at the time of the recess. Of those which have since become laws, I now send such as are of general importance, or of special interest to the City of New York, as follows: An Act to compel the attendance of witnesses before commitfees of Common Councils, etc. This act authorizes the chairman of any committee of the Common Council of any city in this State, charged with any investigation or inquiry requiring the taking of testimony, to administer oaths to witnesses, and provides that false swearing by such witnesses shall be deemed perjury and be punished as such. The act further provides that unwilling witnesses shall be summoned (on application of the chairman of any investigating committee) by any Justice of the Supreme Court or the County Judge of the county in which the city is situated or the Recorder of the city, and also provides imprisonment for contumacious witnesses. Witnesses are entitled to fees similar to those they would be entitled to receive as witnesses in civil actions in Courts of Record. An Act conferring additional powers on Boards of Town AuditOTS. This act gives the Board of Town Auditors authority to audit the accounts of justices of the peace and constables for fees in criminal cases, which are by law chargeable to any town, and the amount thereof shall be included in their certificate, and assessed by the Board of Supervisors of the county upon such town, in the same manner as town charges are now assessed and collected. To erect a new town in Schuyler County. This act erects a new town out of the west part of the town of Catherine, in the County of Schuyler, to be called the town of Montour. The town officers of the town of Catherine are to remain officers of the towns in which they respectively reside, and town meetings are to be held in each of the towns of Catherine and Montour on the first Tuesday in May next, to elect such officers as may be necessary to make up the full complement for each town. To authorize the Trustees of Columbia College to take and hold certain real estate. Authorizes the Trustees to purchase and hold, or sell, additional land between Forty-ninth and Fiftieth streets, 80 that their property there will be bounded by Forty-ninth street, Fourth avenue, Fiftieth street, and a line from Forty ninth to Fiftieth streets, drawn parallel with Fourth avenue, and distant 450 feet westerly therefrom. To extend the time for the completion of the Buffalo, Brantford, and Pittsburgh Railroad. Extends the time to Jan. 1, 1865. To incorporate The Atheneum Association" in the City of New York. This bill incorporates Messrs. George Folsom, John A. C. Gray, Frank Moore, Wm. P. Prime, Wm. S. Thayer, L. S. Ashley, Parke Godwin, Chas. C. Nott, and Geo. E. Waring, jr., and associates for the purpose of promoting the advancement of Literature and Art,