15194. Cataract Bank (Lockport, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 27, 1861
Location
Lockport, New York (43.171, -78.690)

Metadata

Model
gpt-5-mini
Short Digest
6d1e40f0

Response Measures

None

Description

Newspaper reports (Apr 27 and May 1, 1861) state the Cataract Bank, Lockport, 'having been placed in the hands of a receiver' and did not report. No article mentions a depositor run; the bank is in receivership, indicating suspension and closure.

Events (2)

1. April 27, 1861 Other
Newspaper Excerpt
The Cataract Bank, Lockport, having been placed in the hands of a receiver, and the J. W. Rumsey & Co.'s Bank of Tarrytown winding up, did not report.
Source
newspapers
2. April 27, 1861 Receivership
Newspaper Excerpt
The Cataract Bank, Lockport, having been placed in the hands of a receiver
Source
newspapers

Newspaper Articles (2)

Article from New-York Daily Tribune, April 27, 1861

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Article Text

$308,247,123 Total resources $303,056,528 LIABILITIES $111,755,491 $111,821,957 Capita 27,827,965 28,239 950 Circ ation 15,083,257 12,929,192 Profit 34,007,310 29 492,678 Due bank 1,214,942 5,660,519 Due individuals other than banks 2,669,426 4,180,794 Due Treasurer of State of New-York 116,183,469 110,664,578 Due depositors on demand Amount doe. not included under 3,972,267 1,678,820 either of the above head 513 528 Add for cents $308,207,128 $309,056,528 Total liabilities The whole of thisitem and portions of those marked 1, form no part. (the aggregate. The names of 306 banks will appear in the official forthcoming general statement, 304 of which reported. The Cataract Bank, Lockport, having been placed in the hands of a receiver, and the J. W. Rumsey & Co.'s Bank of Tarrytown winding up, did not report. Since the last report the Hampden Bank, North Castle, Weatchester County, and the William Williams Bank, of Hastings, have commenced business. The Bank of Amsterdam made its first report this quarter. Ag compared with the statement of last year at this time, the results are as follows:


Article from Chicago Daily Tribune, May 1, 1861

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Article Text

10021 a11C $309 1036,528 $308, 207, 128 The whole of this item, and portions of those marked t, form no part of the aggregate. The names of 806 banks will spear in the official forthcoming general statement, 304 of which reported The Cataract Bank, Lockport, having been placed in the hands of a receiver, and the J. W. humacy & Co.'s Bank, of Tarrytown, winding up. did not report. Since the last report, the Hampden Bank. North Castle. westche-ter county, and the Wm Willlame Bank of Hastings, have commenced buelness. The bank of Amsterdam made its first report this quarter.