15276. Abingdon Square Savings Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
March 3, 1898
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
11c7fa48

Response Measures

None

Description

Articles (New-York Tribune, 1898-03-03) report appointment of a receiver for Abingdon Square Savings Bank. The bank 'went out of business twenty-two years ago' and a receiver (Samuel Wassermann) was appointed to collect/distribute remaining assets; therefore this is a permanent-closure/receivership event (no run described).

Events (1)

1. March 3, 1898 Receivership
Newspaper Excerpt
Justice Bischoff of the Supreme Court yesterday appointed Samuel Wasserman receiver of the Abingdon Square Savings Bank, which went out of business twenty-two years ago, on the application of Deputy Attorney-General Francis, so that there should be no question as to the regularity of a previous appointment of Mr. Wasserman in July, 1894, in place of Frank Thompson.
Source
newspapers

Newspaper Articles (2)

Article from New-York Tribune, March 3, 1898

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Article Text

REFEREES APPOINTED. Supreme Court. By Pryor. J. Second Universalist Society agt. Carman-Herbert Parsons. Wilson agt. Jemny-Norman T. M. Melliss. Love agt. Huckel-Richard M. Bruno, Schnitzler agt. Kaufmann-John E. Brodsky. By Freedman, J. Matter of Stern-Joseph Kaufman Slade agt. Fajen-Augustus H. Vanderpoel. Starr agt. Klein-Daniel P. Ingraham Matter of Merrian Company-Donald McLean. People. etc. agt. Commercial Alliance Life Insurance Company-William H. Willis. By Truax. J. Disbrow agt. Disbrow-William H. Willis, By Daly, J. Byk agt. De Jongh-James T. Law. By Chase. J. Freund agt. Muller-A. S. Norton. RECEIVERS APPOINTED Supreme Court. By Kellogg, J. Charles M. Levy agt. George W. Bansher-Caldwell Cleveland By Bischoff, jr., J. People. etc., agt. Abingdon Square Savings Bank-Samuel Wassermann. COURT OF APPEALS CALENDAR Albany, March 2.-The Court of Appeals calendar for to-morrow is: Nos. 337, 343, 328, 336, 360 and 354.


Article from New-York Tribune, March 3, 1898

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Article Text

LOCAL BUSINESS COMPLIUATIONS. McChesney & Fischer, composed of Samuel D. McChesney and Conrad H. Fischer. hat manufacturers at Orange, N. J., with an office in this city at No. 39 West Fourth-st., made an assignment here yesterday to Norman Hulbert, without preference. Both partners and the assignee are residents of Orange. Mr. McChesney was formerly in this line alone, and formed the present firm in 1883. Casar Simis, their attorney, said yesterday that the assignment was due to dull trade and poor collections. The liabilities are $20,000. the nominal assets $10,000. and the actual assets probably $6,000. Justice Bischoff of the Supreme Court yesterday appointed Samuel Wasserman receiver of the Abingdon Square Savings Bank, which went out of business twenty-two years ago, on the application of Deputy Attorney-General Francis, so that there should be no question as to the regularity of a previous appointment of Mr. Wasserman in July, 1894, in place of Frank Thompson. The latter was appointed in 1876, and was discharged in July, 1891. Mr. Wasserman's present appointment was due to the belief that there are now certain assets of the bank remaining undistributed, and there was no person authorized to receive them. The amount was not given, but the receiver's bond was fixed at $5,000. The Sheriff yesterday received an execution against Samuel H. Vanderbeek, a lumber dealer at No. 136 Liberty-st., for $291. in favor of Antonio Cerussi, and an attachment for $1,695 in favor of Allen & Sevacool, of Charlie Hope, Va. The attachment was obtained on the ground that he is a resident of River Edge, N. J. Judgment for $34,448 was entered yesterday against the Bull's Ferry Land Company, of NewJersey, in favor of Elihu B. Frost, assignee of Crook & Perham, coal merchants, for money advanced by the firm to the company between January, 1894, and March, 1897. J. D. Kurtz Crook was president and treasurer of the company. The Sheriff has received two more attachments against the Standard Bicycle Company, of No. 330 Seventh-ave, aggregating $428. but when he went to make a levy it was said that the company had been succeeded by the Cally Manufacturing Company. The Standard Blcycle Company was incorporated in March last. Frederick Richter was president. A few weeks ago the Sheriff sold a part of the effects of the company for $180 to pay an execution, the first issued against the concern. A judgment was obtained here yesterday against Nels Peter Larsson, of Stockholm, Sweden, for $389, in favor of August Nelson, for money lent. Nelson appeared before United States Consul Winslow, at Stockholm, on February 8 and waived summons in the case.