15275. Abingdon Square Savings Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
July 1, 1894*
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
80a78bdc

Response Measures

None

Description

Articles report appointment of a receiver for Abingdon Square Savings Bank (Samuel Wasserman), indicating the bank was in receivership/closed. No mention of a depositor run. A later (1895) suit concerns funds in the receiver's hands.

Events (2)

1. July 1, 1894* Receivership
Newspaper Excerpt
Samuel Wasserman has been appointed receiver of the Abingdon Square Savings Bank in place of Frank Thompson
Source
newspapers
2. May 2, 1895 Other
Newspaper Excerpt
Suit has been brought in the Supreme Court by Ernst G. W. Woerz ... against ... Samuel Wasserman, receiver of the Abingdon Square Savings Bank, for the purpose of determining the ownership of a trust fund
Source
newspapers

Newspaper Articles (2)

Article from New-York Tribune, July 31, 1894

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Article Text

BUSINESS COMPLICATIONS. Samuel Wasserman has been appointed receiver of the Abingdon Square Savings Bank in place of Frank Thompson, the original receiver, on the application of Ernest G. W. Woerz, trustee, in order that a proper accounting may be had with all parties in Interest. Mr. Thompson was appointed receiver on August 15, 1876, and was duly discharged on July 19, 1891, having four years previously turned over the assets of the bank to Mr. Woerz as trustee. Mr. Thompson, it was said, has since been adjudged a lunatic. John W. Brink, umbrella manufacturer, at No. 292 Church-st., who made an assignment on June 18, had his property reassigned to him yesterday, having effected a settlement with his creditors. His liabilities were about $40,000. and at the office of M. Warley Platzets, his attorney, it was said that the settlement was at 35 cents on the dollar. An attachment has been obtained in this city against the Eagle Brewery, of Newark, in favor of Le Roy E. Bunker, for $569 on two of the company's notes. Reports from Newark said yesterday that Chancellor McGill had appointed James R. Hardin receiver for the concern. The company made beer and ales, and was incorporated under New-Jersey laws on October 19, 1891, with a capital stock of $300,000. For some time It was reported that the brewery was not making money, and in the last few weeks chattel mortgages were placed on the plant for $71,000. The Bank of the Metropolis yesterday entered a deficiency judgment against Dillon C. Willoughby for $7,660. due on his purchase of a lease of an apartment in the Gramercy and 128 shares of stock of the Gramercy Company. Upon application made to Chancellor McGill in Jersey City yesterday for the appointment of a receiver in New-Jersey for the Higgins Soap Company, of Brooklyn, the Chancellor appointed WIlliam G. E. See. The application was made by Joseph W. Stray, treasurer of the company, who has been appointed receiver in New-York State. Counsellor Lindabury yesterday applied to Chancellor McGIl for the appointment of a receiver for the Rockaway Valley Railroad Company. He presented a petition from stockholders of the company, complaining that the road is badly managed; that there is no system of running trains, no schedule, and that the roadbed is being ruined. The company has no assets, they say. 118 Habilities amount to over $200,000. The Chancellor appointed ex-Governor G. C. Ludlow.


Article from The Sun, May 2, 1895

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Article Text

Sult Against Receiver Wasserman, Suit has been brought in the Supreme Court by Ernst G. W. Woerz. through Guggenheimer, Untermyer & Marshall, his attorneys, against Charles A. Schumacher, Samuel Wasserman, receiver of the Abingdon Square Savings Bank, and others, for the purpose of determining the ownership of a trust fund in the hands of Mr. Woerz, who has about $30,000 in his possession. Mr. Wasserman was appointed receiver last July by Judge Stover in the place of Frank G. Thompson. The receiver will contest the suit.