15521. Bowling Green Savings Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
January 1, 1871*
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
46f7b889

Response Measures

None

Description

The bank is repeatedly described as broken and has a receiver (Shepherd F. Knapp). Suspension occurred earlier (c.1871) and the bank remained closed with assets under receivership and occasional small dividend payments through 1878. No run is described in the provided articles. Cause of suspension/closure appears to be bank-specific adverse information and collapse related to the Tammany Ring era (mismanagement/insolvency).

Events (11)
1. January 1, 1871* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank collapsed around the fall of the Tammany Ring (mismanagement/insolvency) and suspended in 1871; described as broken.
Newspaper Excerpt
The affairs of the broken Bowling Green Savings Bank ... since 1871 when the bank suspended.
Source
newspapers
2. October 20, 1875 Other
Newspaper Excerpt
The affairs of the broken Bowling Green Savings Bank are little nearer settlement than they were in 1871 when the bank suspended. Mr. Shepherd F. Knapp, the receiver, says that two dividends of 25 per cent. and 10 per cent., respectively, have been paid to the depositors, and that there is about $50,000 cash on hand.
Source
newspapers
3. April 12, 1876 Other
Newspaper Excerpt
a claim against the receiver of the Bowling Green Savings Bank for $58,625.
Source
newspapers
4. April 16, 1876 Other
Newspaper Excerpt
Judge Donohue has authorized the receiver of the Bowling Green Savings Bank to cancel a claim of $3,112 ... on the payment of $1,000.
Source
newspapers
5. December 14, 1876 Other
Newspaper Excerpt
At a meeting of the depositors of the Bowling Green Savings Bank ... a committee was appointed to wait on the receiver and get a statement ... if no satisfactory information an application should be made to the court.
Source
newspapers
6. January 23, 1877 Other
Newspaper Excerpt
The second trial of the suit of Shepherd F. Knapp, receiver of the Bowling Green Savings Bank, against Walter Roche to recover $66,200 ... was begun yesterday.
Source
newspapers
7. January 31, 1877 Other
Newspaper Excerpt
Shepard F. Knapp, receiver of the Bowling Green Savings Bank, has been granted by Judge Barrett permission to pay taxes and assessments on property ... belonging formerly to Catherine Barr Brady, which came into possession of the bank through foreclosure of a mortgage.
Source
newspapers
8. April 29, 1877 Other
Newspaper Excerpt
The Broken Bowling Green Savings Bank. ... the receiver filed his account ... the receiver collected $275,163, and report shows ... $45,233.03 on hand.
Source
newspapers
9. January 28, 1878 Other
Newspaper Excerpt
Can you inform a number of the depositors of the broken Bowling Green Savings Bank why the receiver, with $40,000 or $50,000 in his hands, does not declare a dividend?
Source
newspapers
10. April 13, 1878 Other
Newspaper Excerpt
Can you inform a depositor of the broken Bowling Green Savings Bank if the receiver will make another dividend? He has received about $50,000 since July, 1873.
Source
newspapers
11. * Receivership
Newspaper Excerpt
Mr. Shepherd F. Knapp, the receiver, says that two dividends ... have been paid to the depositors, and that there is about $50,000 cash on hand.
Source
newspapers

Newspaper Articles (10)
1. October 20, 1875 The Sun New York, NY
Article from The Sun, October 20, 1875

Click image to open full size in new tab

Article Text

# The Bowling Green Savings Bank. The affairs of the broken Bowling Green Savings Bank are little nearer settlement than they were in 1871 when the bank suspended. Mr. Shepherd F. Knapp, the receiver, says that two dividends of 25 per cent. and 10 per cent., respectively, have been paid to the depositors, and that there is about $50,000 cash on hand. The distribution of this is to be determined by the final decision of the referees. The bank is involved in litigations, which, if decided adversely, may leave only a mere pittance to be divided among the 500 depositors. It is impossible. Mr. Knapp says, to deter-mine when another dividend can be paid.

2. April 12, 1876 New-York Tribune New York, NY
Article from New-York Tribune, April 12, 1876

Click image to open full size in new tab

Article Text

SUSPENDED SAVINGS BANKS. THE DEFALCATION AT THE SECURITY BANK-REMAINING ASSETS OF THE GUARDIAN SAVINGS INSTITUTION. The Receiver of the Security Savings Bank was in consultation yesterday with the detectives as to the flight of John H. Seil, the defaulting teller, and the measures taken to, capture him. It is thought that he will be found within two or three days. The officers of the bank express great indignation against him for the betrayal of their confidence. D. D. T. Marshall said last evening that Beil had been highly recommended to him by one of the trustees who secured the appointment. His connection with the Third Avenue Savings Bank was not specially called to the attention of the bank officials, and it was not until after the discovery of his crime that the suggestion was made that possibly he might have been implicated in the frauds on that bank. As to the Coutant estate, a hurried examination of the accounts showed that the loss was not SO serious as was first supposed, and Siel, Mr. Marsall thought, had not taken more Than $500 from those funds. Mr. Marshall was very much distressed at the unexpected state of affairs in the bank, and evidently felt keenly the fraud that had been practiced. Joseph J. O'Denohue, the last receiver of the Guardian Savings Institution, has filed his formal inventory of the assets of that bank still remaining undistributed. There remains cash on hand $9,990 74, and a bond of Hugh Newman, secured by a second mortgage, for $13,000which, as the interest was paid last June, the receiver supposes to be good. The other assets the receiver classes as worthless or doubtful. Among the worthless are bonds of John T. Barnard secured by several mortgages for $36,000; checks and notes of John T. Barnard for $38.542, and bonds and mortgages by Luman B. Way for $17,300. Among the doubtful the receiver classes the indorsements of checks and notes of J. W. Duryee, to the extent of $13,787, by John T. Barnard, Duryee having put in the defense of insury; a judgment against John R. Fellows for $333 a claim against J. McGowan for $500, and a claim against the receiver of the Bowling Green Savings Bank for $58,625. A motion was made yesterday before Judge Donohue, in Supreme Court, Chambers, to act aside the report of the referee on the accounts of Jeremiah Quinlan, the former receiver of the Guardian Savings Bank, on behalf of Mr. Quinian.

3. April 16, 1876 The Sun New York, NY
Article from The Sun, April 16, 1876

Click image to open full size in new tab

Article Text

A Claim Against a Bankrupt. Judge Donohue has authorized the receiver of the Bowling Green Savings Bank to cancel a claim of $3,112, a balance of judgment against Thomas H. Taxon on the payment of $1,000. Taxon 18 bankrupt, and $1.000, which he offers, is considered as much as could ever be got from him.

4. December 14, 1876 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, December 14, 1876

Click image to open full size in new tab

Article Text

At to meeting of the depositors of the Bowling Urgen Savings Bank, in New York, yesterday, it was stated that none of the depositors ls new how the affairs stood. A committee was appointed to wait on the receiver and get a statement from him as to the payment of dividends, and in case of no satisfactory information an application should be made to the court requiring him to present a further report and pay out the moneys in his hands.

5. January 23, 1877 The New York Herald New York, NY
Article from The New York Herald, January 23, 1877

Click image to open full size in new tab

Article Text

SUMMARY OF LAW CASES. Ten gentlemen will to-day be sworn in as members of the New York Bar. The Examining Committee yesterday sent in their report to the General Term, in which Mr. E. G. Kidder is specially complimented. The second trial of the suit ol Shepherd F. Knapp, receiver of the Bowling Green Savings Bank, against Walter Rocho to recover $66,200, alleged to have been misappropriated, was begun yesterday before Judge Sedgwick in the Superior Court Judge Speir yesterday rendered an opinion overruling the demurrer to the complaint in the suit of Barbara Schreyer VS. Andrew Gettinger and others, brought to set aside certain conveyances of real estate. Louisa Miller brought a suit against Fidelia H. Hovey to recover the value of a bona. The case was brought to trial yesterday before Judge Van Brunt in Supreme Court, Circuit. In the suit of Charles Westerman vs. Thomas P. Remington, Jr., growing out of partnership difficulties, the full facts of which have been published, Judge Speir yesterday gave a memorandum decision holding that the action is properly an equitable one. The papers in the suit of Paton vs. the New York Elevated Railroad Company have been submitted to Judge J. F. Daly in the Court of Common Pleas. Counsel yesterday summed up the case, and decision was reserved. George L. Dale recovered a verdict for $2,000 damages against the Delaware, Lackawanna and Western Railroad Company for injuries to his arm, caused, as alleged, by the negligence of the defendants. The case was argued on appeal yesterday before the Supreme Court, General Term, and decision was reserved. Judge Speir yesterday rendered a decision giving judgment for the plaintiff in the suit of Anna R. Means against Catharine Kearney. The action was brought in equity to foreclose a promissory note upon the ground that the note was given by the detendant to the plaintiff for is balance of the consideration money due from the former 10 the latter on the sale of a house and lot to the defendant by the plaintin.

6. January 31, 1877 New-York Tribune New York, NY
Article from New-York Tribune, January 31, 1877

Click image to open full size in new tab

Article Text

# CIVIL NOTES. In the Emma Mine trial yesterday Prof. William P. Blake of New-Haven testified at length as to the location and extent of the mine and the quality of the ores. The will of Mark Davis, a wealthy Southerner who died in this city, was offered for probate in the Surrogate's office yesterday. The estate is valued at $1,000,000. The heirs live in the South and the bulk of the property is in Virginia and Louisiana. Judge J. F. Daly, in Common Pleas, Special Term, has dismissed the suit of William S. Erwood against Sarah A. Erwood, in which each charges the other with adultery and each denies the charge, on the ground that both have neglected to press their charges. In the suit of Shepherd Knapp, receiver of the Bowling Green Savings Bank, against Walter Roche, which has been for some days on its second trial in the Superior Court, the jury yesterday found a verdict for the plaintiff for $37,424 61. Devlin, Miller & Trall appeared for the plaintiff; John T. McGowan and Algernon S. Sullivan for the defendant. Judge Donohue, in Supreme Court, Chambers, yesterday granted an order opening a default taken in the suit of John S. Conklin against Herman Cordes. The suit is for $5,000, for having plaintiff arrested on a charge that he used bogus checks to pay of his workmen, he being in the lighterage business. He denies the charge very positively. Charles H. Boyian, who was arrested and held to bail for trying to entice a boy of 16 years from his mother, applied to Judge Donohue, in Supreme Court, Chambers, by habeas corpus, for his release on the ground that the whole testimony before the magistrate was mere hearsay, and, even if good evidence, it did not make out the offense charged. Judge Donohue directed the matter to be heard to-day by Judge Gildersleeve in the Court of General Sessions. In a suit entitied Murphy against Moses & Company, brought to wind up the affairs of Murphy, Moses & Co. Judge Donohue on the request of the defendants has allowed the receiver of the firm $750 to prosecute certain claims. The defendants charge that for three generations the house of Moses & Co. has carried on an honorable business with the West Indies and British colonies, and that Mr. Murphy in breaking up their firm has kept back accounts and consignments to the extent of $55,000, and they desire the receiver to make a thorough investigation. George M. Lightbody has brought a suit against David W. Bruce and others, nominally for a partition of the estate of John T. Lightbody among his brothers and sisters and their children, but in substance to set aside certain deeds by which he conveyed No 4 Beckman-st. and three lots in Thirty-third-st, near Eleventh-ave. to Mr. Brace directly for his wife, and through her to one Lewis Leib; and to set aside his will. The plaintiff charges in the complaint filed yesterday with the County Clerk, that when John T. Lightbody made the deed and will mentioned he was not of sound mind. The whole property involved is worth $250,000.

7. March 1, 1877 The New York Herald New York, NY
Article from The New York Herald, March 1, 1877

Click image to open full size in new tab

Article Text

SUMMARY OF LAW CASES. The argument of counsel in the Boody suit was yesterday concluded. Judge Sodgwick, before whom the case has been tried, promised an early decision. Emmanuel Roderiguez, a Cuban, was yesterday brought before Commissioner Shields charged with selling cigars without a license. He was held in $250 to await the action of the Grand Jury. Matthias Gretzel, confined in Ludlow Street Jail, has brought a suit against Edward L. Lynch. Judge Robinson yesterday entered an order directing plaintiff to file $150 as security for costs. In the suit brought by Mrs. De Lavalette against Mr. Wendt, executor of James Peyser, concluded yes. terday before Judge Lawrence; a verdict was rendered for $1,841 48 for the plaintiff. Judge Sedgwick, holding Superior Court, Special Term, yestesday, in a few neat remarks directed the Clerk to enter in the minutes of the Court a notice of the death of the late John H. White, for many years a prominent member of the New York Bar. Notices were filed yesterday of an argument on Monday next in Supreme Court, Chambers, on the order to show cause why a receiver should not be appointed for the Delaware & Hudson Canal Company. An order of publication was granted yesterday in the suit brought by the Bulls Head Bank against Percival W. Ciement, to recover $3,776 upon two judgments obtained respectively in the Marine and Superior Courts. Terega Smith claims to have been reduced by Patrick Sweeny, a wealthy pork dealer. Through her counsel, Mr. William F. Howe, suit was brought for $25,000 damages against the latter. Instead of coming to trial, Mr. Sweeny preferred to compromise the claim, and this having been satisfactorily effected, no. tice of a discontinuance of the suit was filed yesterday in the court. The suit of Benjamin Feich against Edward H. Bergan to recover $2,000 damages for alleged failure to pay over the proceeds of LWO mortgages, which the delendant heid as a collateral in trust for the payment ot a note for $1,698 7 77. was yesterday commenced before Judge Larremore, in the Court of Common Pleas. Shepard F. Knapp, receiver of the Bowling Green Savings Bank, has been granted by Judge Barrett permission to pay taxes and assessments on property in Newtown belonging formerly 10 Catherine Barr Brady, which came into possession of the bank through lore. closure of a mortgage. Lewis Sylvester has brought suit against Lena Berustine to recover $2,000 lor services rendered in working up evidence of an alleged traudulent claim against plantifi's estate, which yesterday resulted. betore Judge Larremore, in the Court of Common Pleas, in a verdict for $691 25 for the plaintift. Mrs. Zoe A. F. M. Smith claims to have led a very unhappy life with Henry A. Smith, with whom she was married on April 18, 1865. She says that be began ill treating her within two months after their marriage aad kept it up at intervals until he abandoned her in July last. She has brought a suit for divorce, and on a motion for alimony and counsel fee Judge Barrett yesterday directed the husband to pay her $25 a week pending the suit and $200 counsel Ice. In the matter of the will of Benjamin B. Ludlam testimony was taken yesterday. The deceased died on his return home from Switzerland. Before leaving the States, from which he was absent some years. be made a will. In Switzerland he also made a will, and hence a contest arises over the probate of either will. Two witnesses were examined yesterday with regard to the meaning of the words in the "Swiss" will-"En consequence d'arrangement," which is claimed by the proponents of the first will to mean "In consequence of the disposition," referring to the previous testamentary disposition of the deceased's property. Judge Donohue yesterday dismissed the complaint

8. April 29, 1877 The Sun New York, NY
Article from The Sun, April 29, 1877

Click image to open full size in new tab

Article Text

The Broken Bowling Green Savings Bank. The Bowling Green Savings Bank whose collapse datestrom the time of the Tammany Ring's tall. was recalled to public notice yesterday. Mr. down thanici Jarvis Jr., the referee in the matter of the Na. counting his re 11.00 of Mr. Shepherd F Knapp. the ac. that the the Counts Clerk' 8 office The receiver filed There receiser collected $275 163, and report shows bank $4.01 is on hand $45,233.03 There paid out $229. When the list - 72. which was not called for by is in the ru. return comments and second that dividends Shepherd were declared creditors The cerver. ahould be allowed $13, 758 15 for F commissions Knapp. the

9. January 28, 1878 The New York Herald New York, NY
Article from The New York Herald, January 28, 1878

Click image to open full size in new tab

Article Text

THE BOWLING GREEN SAVINGS BANK. To THE EDITOR OF THE HERALD:Can you inform a number of the depositors of the broken Bowling Green Savings Bank why the receiver, with $40,000 or $50,000 in his hands, does not declare a dividend? A small one would help in these bard times. DEPOSITORS.

10. April 13, 1878 The New York Herald New York, NY
Article from The New York Herald, April 13, 1878

Click image to open full size in new tab

Article Text

THE BOWLING GREEN SAVINGS BANK. To THE EDITOR OF THE HERALD:Can you inform a depositor of the broken Bowling Green Savings Bank 11 the receiver will make another dividend ? He has received about $50,000 since July, 1873. 11 10 about time be did something, or must the depositors apply to the courts LO compel him to act ? DEPOSITOR.