15222. Manhattan Savings Institution (Manhattan, NY)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
savings bank
Start Date
October 27, 1878
Location
Manhattan, New York (40.783, -73.966)

Metadata

Model
gpt-5-mini
Short Digest
175ce0a5

Response Measures

None

Description

Oct 27, 1878 robbery of large amount of securities prompted the institution to invoke its 60-day payment notice rule (a partial suspension). By Mar 21, 1879 the bank resumed business per the paper. OCR errors in Article 2 exaggerate amounts (reads 300,000,000) — corrected in notes. No explicit depositor run described.

Events (3)

1. October 27, 1878 Other
Newspaper Excerpt
The Manhattan Savings institution was on the morning of Sunday, the 27th of October, 1878, robbed of securities to the amount of $2,757,700 ... For the preventing the loss to depositors, it is demanded advisable that no payment be made without sixty days' notice, as provided by the laws of the institution.
Source
newspapers
2. October 27, 1878 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Large theft/robbery of securities ($2,757,700) prompted invocation of the institution's 60-day payment notice rule (partial suspension).
Newspaper Excerpt
For the preventing the loss to depositors, it is demanded advisable that no payment be made without sixty days' notice, as provided by the laws of the institution.
Source
newspapers
3. March 21, 1879 Reopening
Newspaper Excerpt
The Manhattan savings bank, lately robbed of nearly 300,000,000 of its securities, has resumed business once more with a surplus of $500,=000.
Source
newspapers

Newspaper Articles (2)

Article from Stevens County Tribune, October 31, 1878

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Article Text

portion of the State is suffering most severely. The losses will be immense to property. Seven persons have been burned to death and a considerable number of others seriously burned. HONORS TO ADMIRAL PAULDING. The secretary of the navy has issued an order announcing the death of Rear Admiral Hiram Paulding, in which he speaks of the life and services of deceased, and directs that on the day of the receipt of the order the flags of the navy yards and stations, and of al ships of war in commission, will be placed at half-mast from sunrise until sunset and thirteen minute guns be fired at noon from all navy yards. GEN. GRANT. Mayor Steckley of Philadelphia has received a letter Gen. Grant from Bordeaux, France, acknowledging the receipt of & reso. lution of the Philadelphia city council to ap. point a special committee to receive him upon his return, and states if he returns by way of the Atlantic he will take a Philadelphia steamer and notify the committee of the time of sailing. The General thanks the council and citizens of Philadelphia for the honor done him. RAILROAD ACCIDENT. At Marshland Junction, on the 27th inst freigtt train on the Chicago & Northwestern railroad was run into by a wild train on the Green Bay road, which was switching, throw ing the engine of the former train and a hos car into the ditch; also wrecking a car on the wild train. The engineer of the Northwestern train, Michael Ford, and his fireman John Kier were buried in the wreck of the lecomotive and severely bruised and slightly scalded, but fortunately, not seriously injured. GREAT BANK ROBBERY. The Manhattan Savings institution was on the morning of Sunday, the 27th of Octo ber, 1878, robbed of securities to the amount o $2,757,700, of which $2,505,700 were registere in the name of the institution and not negoti able, and $168,000 are made payable to it, and $73,000 are in coupon bonds, and $11,000 i cash. For the preventing the loss to depos tors, it is demanded advisable that no pay ment be made without sixty days, notice, a provided by the laws of the institution. Th integrity of the janitor is suspected. ATTEMPTED LYNCHING. A good deal of excitement was produce in Louisville, Ky., on the 25th inst., by the ap pearance of 1,000, or more, men and boys i front of the city jail, drawn together by th presence therein of George Washington, th negro, who outraged Frances Otto, a few day ago. The arrest of the leader, and the deter mined efforts of the police, who were arme with guns, scattered the crowds. Picket were stationed at all streets leading into th jail, and every effort at lynching would be me by strong opposition. BANK THIEF. A special from Auburn, Ind, say George Hazzard compromised with the na tional bank by paying $17,000 in bank eert ficates to the creditors and the bank reopened Hazzard was thereupon released. He wa rearrested for a third time by S. U. Larney for obtaining money under false pretense and bound over for trial. He escaped from jail and is in the woods, where he still elude the officers. It is generally believed he ha all the stolen funds in his possession, an public indignation is at dangerous pitch. DEFAULTED. A startling development of defalcation has just occurred at St. Paul, Minnesots Charles Etheridge, a prominent and wel known citizen, a member of the House o Hope Church, enjoying the confidence of th community, has turned out to be a defaulte to a large amount, and has fled. He wa agent for several large Fire and Life Insur ance companies, and also had an extensiv loan agency. The amount of his stealings I not known, butinvestigation will develop in a few days. He is supposed to be in Car ada. BIGAMY. At Salt Lake City, Utah, John Mile has been arrested for bigamy, charged wit marrying three women. An examination we had before Commissioner Sprague. Quite number of witnesses were examined, but th memory or knowledge of the parties preser at the endowment house was defective. Th case was continued to obtain the record-boo of the endowment house Mai riages. It is un derstood that the proceedings are institute in half of the second wife, Miss Owen, wh is now stopping with the United States ma shal. WARLIKE. A Vienna correspondent says, if th latestnews be true, affairs near Constantin ple are more and more assuming the sam semi-hostile phase as before the meeting the Berlin congress. Turkish troops hav been moved intoposition vacated by the Ru sians, and earthworks are being repaired an armed before Constantinople and Gallipol The Turks are arranging to increase the forces, and are summoning half-pay officers t active duty. A special committee for the de fence of the capital has been formed at th Seraskierate. THE FIRE FEIND. The dwelling of Michael Reuter, of Cir cinnati, Ohio, has just been destroyed by fir Reuter, upon awakening, ran up stairs t rescue his little daughter. In doing 80 h was obliged to pass directly through th flames. He found her with her night dre burning. and, grasping her in his arms, force his way back through the flames and reache the ground in safety. The child was badl burned around her face and arms. Reute received what will probably prove fatal I uries, both arms being burned almost to th bone, the flesh'scorched off his back, and h whiskers singed off. GEN. BUTLER SUED. Wm. O. Avery, ex-chief clerk of th treasury department, who was convicted St. Louis on account of connection with th whisky fraud, has entered suit in Washingto city against Gen. Ben Butler to recove $500 which he alleges he paid Butler as r tainer to defend him when on trial at S Louis. Avery claims that he agreed to ps Butler $2,000 to defend him, $500 of which


Article from Washington Standard, March 21, 1879

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Article Text

Local and News Brevities. GABDEN making. RECONNOTTERING butterfies. GLOBIOUS mountain scenery. DAISY beds are radiant with bloom. FOGGY mo nings and pleasant days. GROUSE are making their presence known. COMING-new goods without let or hindrance. WHAT has become of S. W. Hall? Who knows? THE first of April, the fools' holiday, is near at hand. FRUIT-TREE blossoms may be looked for any pleasant day. From all over Oregon, come cheering reports of crop prospects. IF you have no other business in basoflice, bring an item with you. GE so-called soldiers' relief bill proved to be a failure on its final passage. "CAPITAL and labor," is now the leading question amoag all classes in the East. HILL HARMON, late of Steilacoom, is to make his future home in Southern California. MR. A. J. Burr has taken up his residence at his old quarters, the P.D. Moore place. SINCE the rain cessation, the wood and bark business is assuming a greater importance. A SAN Francisco company have taken steps to establish a stereotype foundry in Portland. MR. C. B. Plummer is filling the position of professor of elocution in the Territorial University. The current Chinese question is subsiding, to get a new hold in the shape of an improved bill. WE hear that Mr. Ben Turner is going to utilize the logging camp recently vacated by Dan Varner. THE mill at Tacoma is doing good business. It is running on twothirds time and employs about eighty-the men. ONE of the fire companies in Portland has adopted coffee as a beverage, after meetings, instead of beer, as formerly. MARTINS have appeared in this vicinity, and their happy twitterings are strongly suggestive of a pleasant spell of weather not far distant. THE Manhattan savings bank, lately robbed of nearly 300,000,000 of its securities, has resumed business once more with a surplus of $500,= 000. CONGRESSMAN Whiteaker made the trip from Portland, Oregon, to wishington in one hundred and nicely-seven hours. The fastest time on record. SINCE our humorous expose of the parlor clock trick, no less than five young ladies, old enough to entertain company, are languishing to know just how the pretty deception is manipulated. Shall we tell them, Angelina and Augustus?