15559. Central Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 4, 1870
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
8eb299c1

Response Measures

None

Description

Articles (Aug–Oct 1870) report the Central Bank of New York suspended, a receiver (John H. Spader) in place, depositors suing and bankruptcy/receivership proceedings begun. No article describes a depositor run prior to suspension; cause appears to be bank-specific adverse information (alleged false sworn statements, deception/fraud). The bank moved into receivership/bankruptcy and did not reopen in the articles provided.

Events (4)

1. August 4, 1870 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Reports and later lawsuits allege deception and fraud by bank officers publishing false sworn statements; depositors seeking recovery of deposits and receiver appointed; institution suspended operations.
Newspaper Excerpt
THE CENTRAL BANK SUSPENSION
Source
newspapers
2. August 5, 1870 Other
Newspaper Excerpt
It is proposed by several of the depositors of the Central Bank to obtain a counter order from the Supreme Court removing Mr. John H. Spader as receiver ... there appears, however, to be a confidence felt in the assertion that the depositors will all be paid in full; but it will be several days, perhaps weeks, before such a settlement can be made.
Source
newspapers
3. September 30, 1870 Other
Newspaper Excerpt
The Brooklyn Water Commission have begun suits against the Directors and Receivers of the lately suspended Central Bank for the recovery of their deposits, over $120,000. Complainants allege deception and fraud by the bank officers in publishing sworn statements ... which were known to be false.
Source
newspapers
4. October 4, 1870 Receivership
Newspaper Excerpt
Mr. John L. Spader, receiver of the Central Bank, was served yesterday with a preliminary notice of proceedings in bankruptcy, which are to be commenced in the United States Court on Saturday next.
Source
newspapers

Newspaper Articles (6)

Article from The New York Herald, August 4, 1870

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PAGE 1-Advertisements. 2- Advertisements. 3-Advertise:nen.s. 4-Editorials: Leading Article on the Movement of the War-Telegraphic News-Amusement Announcements. # THE WAR: NAPOLEON'S REPORT OF THE BATTLE OF SAARBRUCK; THE PRINCE IMPERIAL RECEIVES "HIS BAPTISM OF FIRE;" MARSHAL BAZAINE'S TROOPS SKIRMISHING YESTERDAY; A NAVAL ENGAGEMENT IN THE BALTIC; REPORTED CAPTURE OF TWO PRUSSIAN GUNBOATS A Lite on the Ocean Wave: The Proposed Race for the Queen's Cup: Speech of Mr. Asbury on Board the Steamship Italy-Mommmer Retreats-Business Notices. # THE EUROPEAN MAIL: SPECIAL WAR DESPATCHES TO THE 24TH OF JUTY; BISMARCK'S STATEMENT TO THE PRUSSIAN PARLIAMENT; GERMAN ENTHUSIASM AND HATRED OF FRANCE-PERSONAL INTELLIGENCE-JOHN REAL'S DOOM-BROOKLYN CITY NEWS-THE CUSTOM HOUSE AND THE NEW COLLECTOR-LONG BRANCH RACES: THIRD DAY OF THE MONMOUTH PARK MEETING-NEWS FROM CHINA-NEW YORK CITY NEWS-THE CENTRAL BANK SUSPENSION-EUROPEAN PASSPORTS-BRUTAL TREATMENT OF A WIFE 7-Proceedings in the New York Courts-The Fire on Long Island-A Steamboat Race-Funeral of the Late Ensign J. M. Wainwright-The National Game-The Sheridan Wife Murder-German Immigration-Financial and Commercial Reports-Marriages and Deaths-Advertisements. 8-Washington: Reopening of the St. Thomas Treaty: The Brooklyn Navy Yard: The Commissioner of Pensions on the Duties of Pension Agents-Local Intelligence-Incendiary Fire in Newark-The Nachan Horror-Abduction of a Police Sergeant-Naval Intelligence-Shipping Intelligence-Advertisements.


Article from The New York Herald, August 5, 1870

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arraigned yesterday before Justice Riely. They will be examined on Wednesday next. Ellen Thompson, an inebriated prisoner in one of the cells of the Eighth precinct, was cut down by the doorman yesterday from a banging situation. She fastened a portion of her dress around her neck and made fast the other end to the grating of the cell door. Life was almost extinct when she was discovered. At an early hour yesterday morning the barge Atlantic, Captain Henry Hand, lying at the dock near the Fulton ferry, was, during the temporary absence of the "skipper," boarded by river pirates. The latter broke into the cabin and burst open Captain Hand's trunk, from which they helped themselves and then made off. The Inspector of Boilers, Thomas F. Powers, reports having examined 300 bollers during the past quarter. There were 235 applicants for permits to take charge of bollers, of which number 182 were round qualified. The certificates of two engineers have been revoked, and one proprietor was fined fifty dollars for employing an unlicensed engineer. It is P roposed by several of the depositors of the Central Bank to obtain a counter order from the Supreme Court removing Mr. John H. Spader as receiver and placing the matter in the hands of the Board of Directors. There appears, however, to be a confidence felt in the assertion that the depositors will all be paid in full; but It will be several days, perhaps weeks, before such a settlement can be made. Mr. James Luckey was aroused from his slumbers on Wednesday night, at his residence, No. 409 Cumberland street, by the loud barking of a dog which he kept in the yard. Arming himself with a pistol, he proceeded to the lower part of the house to investigate the cause of the alarm. He was somewhat startled upon descending the basement stairway at beholding two men leisurely making their exit through the open door. He did not pursue them. It was subsequently ascertained that the housebreakers, for such the fellows were, had effected an entrance by sawing a piece out of the panel of the door, through which, by thrusting the hand, they were enaoled to shove back the bolts and unlock the door, the key being in the lock upon the inside. There was nothing missed by Mr. Luckey. George W. Baker, Jr., was arrested yesterday afternoon and locked up in the Sixth precinct Station house to answer a charge of assault and battery preferred by his father, ex-Alderman Baker, of No. 229 Ewen street, E. D. The arrest of young Baker, who is known to be rather fast, gave rise to alarming reports, one of which was that he had attempted to murder his father while the latter was in the act of rebuking him for having stolen proper. ty in his possession. Nothing of the kind occurred, according to the statements of both son and father. The latter says that he caused the arrest of the young man because he abused his sister, and the young man retorts that his father does not know what he says, as he is nearly always under the fluence of whiskey and chloroform.


Article from Nashville Union and American, September 30, 1870

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NEW YORK / The Value of Bank Statements. NEW YORK, Sept. 29.-The - Brooklyn Water Commission have begun suits against the Directors and Receivers of the lately suspended Central Bank for the recovery of their deposits, over $120,000. Complainants allege deception and fraud by the bank officers in publishing sworn statements in April and October which were known to be false.


Article from The New York Herald, October 4, 1870

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Peter Gallagher was arrested by Detective Corr yesterday morning on a charge of robbing John Hogan of his pocketbook, containing thirty dollars, as he was passing through Raymond street, on Sunday night. The complainant said he was about to chase the accused when a man. whom he suspects of being a confederate of Gallagher, prevented him from doing so. The counsel for Murtagh Dunn, who was arrested on the complaint of James Pendergast on a charge of larceny in taking money from his employer, has had the order for the attachment of the bank account kept by the accused withdrawn. The money, amounting to $875, has been paid Mr. Dunn. There appears to have been no grounds whatever for the attachment. Officer Garrity found Dennis Fox and another man in a desperate fight at a late hour on Sunday night, m Atlantic street. He was compelled to club Fox. severely in order to get him to the station house, but the man with whom Fox was fighting made his escape. Л physician, who was called in to dress the prisoner's wounds, said they were no t of a dangerous character. The Grand Jury, now in session, have received three charges against one of the police justices of Brooklyn. The charges set forth that the justice in question has on three occasions attempted to trans. act his judicial business while under the influence of liquor and has committed some serious errors. If the justice is found guilty the Board of Aidermen will remove him and fill his place. Anthony Dengel and Jacob Selitz were arrested yesterday at the instance of the Health Officer. The accused, who are livery stable keepers in the Eastern District, have been in the habit of letting their coaches for the conveyance of smallpox patients to the County Hospital. Officer O'Keefe and Inspector Fisk attempted to seize the infected coaches, but were interfered with by Sclitz. Mr. John L. Spader, receiver of the Central Bank, was served yesterday with a preliminary notice of proceedings in bankruptcy, which are to be commenced in the United States Court on Saturday next. This action on the part of the depositors has been anticipated for some time, and has been heartily opposed by Mr. Winchester Britton on behalf of the bank, on the ground that if the institution goes into bankruptcy the individual creditors of Mr. Spader will come in for a pro rata share of his assets in settlement of their claims. This may materially lessen the amount the depositors will receive. Assistant Sanitary Inspector Fisk experiences great difficulty with the German residents of the Sixteenth ward, while attending to the smallpox cases reported to him. The families who have the misfortune of being afficted with the loathsome disease appear to have an indefinable horror of sanitary interference, and resort to all kinds of stratagems to avoid it. Dr. Fisk IS frequently compelled to call upon the police to aid him in carrying out the instructions of the Health Board. If such senseless opposition would cease the authorities would soon be enabled to stamp out the loathsome disease. The Board of Aldermen met yesterday afternoon, when the Comptroller sent in his annual report for the year 1869. The balance sheets of January, 1869, showed that there were the following amounts to the credit of the different funds, namely:-General Fund, $9,048,118; Special Fund, $426,650; Revenue Fund, $307,663: Sinking Fund. $1,271,916. The appropria. tions made by the Joint Board for the year 1869 amount to $2,560,754 15, while the amount expended was $2,696,522 20. The amount received for fines, fees, rent, interest, &c., from January 1 to December 31, 1869, was $324,154 17. The Board was served with a writ of mandamus from the Supreme Court compelling them to show cause why they should not be committed for contempt of court in failing to obey the order for the opening of Pratt street, E. D. The Board adopted a resolution directing the Corporation Counsel to take the necessary steps for the opening 01 the street,


Article from New-York Tribune, October 29, 1870

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THE CITY. Music in Central Park this afternoon. American Institute Fair, it is announced Nov. The Board of Managers, will close on Saturday, the by The the Fair at the Academy of Music for well benefit of St. Anne's R. C. Church continues to be attended. The front wall of the new building No. 187 Laurena-st., fell yesterday, causing considerable damage, but injuring no one. The body of a man, age about 40, having dark five feet ten inches in hight, and wearing River off clothing, dark hair, was found yesterday in the North Spring-st. Ward died yesterday in Bellevue cellar Hos- of John from an upper floor into the Thirtypital A.T. from Stewart a fall new building in Fourth-ave., near second-st McHenry, late of No. 461 West from Thomas died yesterday in Bellevue Hospital slungThirty third-st., of the skull, received by blow from a shot fracture the hands of an unknown man. in social reception was given last Association evening in in A of the Young Men's Christian British the parlor Rev. James Davis Secretary of the debranch honor of of the the Evangelical Alliance, on the eve of his parture for England the Tombs Police Court yesterday, Canal-st. Justice of No. Dowling At committed Edward Connell of No. 34 428 City Hallplace, for having causing stabbed severe Thomas wound. Ward He claimed to have acted in self -defense. Coroner Flynn has been requested to take keepante-mortem statement of Ferdinand Behwarz, Greenwichthe and boarding-house, at No. 14 Frank, who er st., of who a saloon was stabbed a few nights ago by Ell is now in the Tombs. The body of Mrs. Mary Lamb, age 70, was on yesterday afternoon, in her terribly apartment burned. found floor of tenement house, lamp. She had not an upper broken kerosene Beside been her by lay the other tenants since Thursday. Commissioner seen Bosworth heard 40 complaints examinyesterday, and continued the against policemen the case of Miss Anna Montane, who while alleges reation in arrested by Patrolman Reardon the young that she was while the latter insists that manner with turning woman conducted home, herself in a disorderly some men. The tardiness of the Commissioners of Wash- PubWorks in making the necessary repairs upon building to lie Market has forced the tenants of new the roof has been ington do the work on their and OWB northern account. portions, A and numerous darkness put on the western been cut through. The new sky -lights have have in great measure disappeared. and The dampness Board of Trustees of the General Theo- Twen(Episcopal) Seminary at Ninth-ave. and elected logical tieth-st., after balloting nine Systematic hours yesterday, Divinity fill Dr. P.K. Cady, Professor the death of Dr. Mohan of Baltithe vacancy caused by 7 bishops and 42 clergy and laity, and more. that The of his vote opponent stood to 6 bishops and 31 clergy and leity. rumors of the loss of the U. S. steamer The which is reported to be now many days tele Shenandoah, at her destination, are in conflict with Thomas a overdue received on the 15th inst., Kenyon from this Lieut. city states Perry gram, of that ship. telegraphed to Mr. G.S. his mother at Syracuse. in that this Lieut. State, Perry as follows: Lisbon, Oct. 14. Arrived here; Last well.' evening Detective Elder arrived had with se A. Hyatt, alias James Fields, whom he Gov. Hoffcured Joseph m Philadelphia, on a requisition from Oct. Geary. It is alleged that Hyatt, on 1, attempted man on Gov. to get cashed, at bank drawn in Philadelphia, on the Tenth check for $20,000, purporting this city by Messra Glendening, No.17 National Bank of Wall st., and made payable to the but order Davis of & James Co. of Fields. The been altered were genuine. from $10 to The $20,000. prisoner the amount of the check was had locked up at Police Headquarters. BROOKLYN The Circuit Court, Judge Tappen, has adjourned over to the November term. George Robinson, who fell from a ladder at Concord-st., on Thursday, died yesterday No. Francis 47 Mullen, a painter, age 30, fell from scaffold at the rear of No. 237 Hudson-av and was killed, About 2 p. m. yesterday, an explosion seriously in- of powder took place at the Bridge Caisson, Dean-st juring James McGarrigle of No. 25 Abbot, age 18, was caught yesterday Fulton Joseph William McGrath, corner of robbing Hudson-aves the till of He was sent to jail for 25 days and The Water Commissioners ask the Mayor to an additional issue of sewerage bonds. He do- to clared sign his inability to discover any authority of law do 60. The Methodists of Flatbush have just comneat chapel, which measures 40x80 feet, dedicate and is of pleted brick, a costing about $6,000. Bishop Janes will it to-morrow. U. S. Marshal Dallon, yesterday, received Mr. Spader, Receiver of the Central Bank, hold the books until and from papers of the institution, which he will Court appoints an assignee. A Mr. Judd has offered to invest $100,000 in establishment of a market near the South Ferry, to the to Washington Market, New-York. It is pro- of be posed similar to establish a Stock Company with a capital $500,000. The street lamps are not to be lighted hereon moonlight nights. There are 10,715 lamps, conafter 42,455 feet of gas an hour, and the proposed plan Desuming will save between $65,000 to $75,000 in November and cember ensuing. A well-dressed man, about 20 years of age, that yesterday engaged board at Mrs. Melton he was Holmes's, in the No. em 42 Grand-st. of the American E.D., representing Steamship Company, and then left ploy with $130 worth of dress-goods. WESTCHESTER COUNTY. WHITE PLAINS.- William Brooks, colored, in dicted for rape in August last, was placed on trial yester day. At the close of the evidence on the part of the people, his counsel moved for the discharge of the had pris oner on the ground that the charge against him Court not 80 been made out by the evidence adduced, and the instructed the jury. NEW-JERSEY. JERSEY CITY -Some time ago Charles Mul raine was arrested, charged with threatening violence to a young girl. When placed on trial, he put himself upon the mercy of the Court, and stated that he had no intention of harming the girl, and only sought to frighten her that he might rob the house. Judge Randolph, believing his story yesterday sentenced the prisoner tosix months imprisonment in the penitentiary Snake Hill. Before Mulraine was sent up, however. the Judge ascertained that he had previously been sent to the State Prison for three years for highway robbery; 80 he was recalled, the first sentence revoked, and a second pronounced of imprisonment in the State Prison for three years The trial of Walter Scott was concluded yesterday by a verdiet of not guilty, the medical evidence showing that the alleged crime had not been committed The trial of Bartholomew Mullins, charged with robbing Herman Eppinger, the man who killed Re snolds, Mul accomplice. was commenced yesterday The Joint lin's Committee on Parks will report on Thursday even Nov 10 The determination is to purchase the ing, lands between Newark-ave and Grand-st swamp Murphy was brought before U.S. Commissioner John yesterday, charged with passing counterfelt Jackson The prisoner stated that he had received $20 greenback. from his employer, Mr. Boys, a gardener at the bill_ The hearing was post sponed until Mr. Boys be could Greenville. subpenaed. Murphy was discharged upon his OWD recognizance. Odenheimer will administer the rite NEWARK.-Bishop Sunday at Christ Church, Bloomfield. of confirmation on Alderman, who was discharged Democratic the instance of Cain, the was again arrested at and brutal about week ago him with intoxical his wife, who charges doing business at Centre Mar has kca, treatment complainded C.H.Heckel that he noutrageously besten by


Article from New-York Tribune, December 2, 1870

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ing stocks and bonds due, with interest, Dec. 1. and amounting to $2,855,483 80. Michael Kennedy of No. 79 Robinson-st., during quarrel with his wife, Ellen, last evening, was dangerously stabbed by her in head. The wife was arrested. George W. Ault, living at the Summit House, attempted suicide last evening by jumping from Pier No. 11 into the North River. He was rescued by John Gerry. Secretary Robeson, accompanied by Admiral Smith of the Brooklyn Navy Yard, visited the Beach Pneumatic Railway yesterday, and made several trips, back and forth under Broadway. The Happy Union Circle held their annual ballat Irving Hall last evening, and the third annual ball of the Hoffman Lodge, No. 167, D.O.H., took place at the Germania Assembly rooms. Israel Wood, a clerk in John Tappen's wholesale liquor store in South-st. yesterday shot himself in the ghttemple probably fatal wound He was removed to the Park Hospital. A fair for the benefit of the Church of the Epiphany, on Second-ave. trear Twenty-first-st was opened last evening in the lecture-room of the church. The managers expect to raise at least $15,000. Congress is to be petitioned to grant a subsidy for a new steamship line between New-York and ports in Havti and Jamaica. The Norwich formerly Mockade-ruiner is now preparing to run in this line. The $10,000 prize for the best rule for equation of payments was not awarded yesterday. and the 15 competitors who assembled at the Astor House are convinced that the man offered it is a windler desirous of gratuitous advertising Dr. R. Ogden Doremus delivered the first lecture of his annual course last night at Association Hall, on the Triumphs of Modern Science." A large audience was present. The lecture was illustrated by profuse and costly experiments, given with great success. Thomas J. Barr. the new Police Commissioner. yesterday presented hisappointment to the Police Board. and was formally welcomed by President Bosworth Later in the day Mayor Hall, Controller Connolly Sheriff elect Brennan, and other Tammany leaders called, and congratulated the new Commissioner. Fifteen officers have been discharged from the Supreme Court, and 19 from the Court of Common Pleas, Many of them were appointed but short time before election. while others, who have served several years, were discharged, it said, for voting the wrong ticket. number of clerks on the temporary roll County Clerk's office have also been discharged. Senator Sumner lectured last night at Steinway Hall before the Mercantile Library Associa tion on the Duel between France and Germany with its Lesson to Civilization." There was a very large at tendance, including many well-known citizens, and, though Senator Summer spoke over two hours. he listened to very attentively and frequently interrupted by applause. The Workingmen's League of the VIth Senatorial District met at Putnam Hall last evening to de liberate on a bill which they will endeavor to have pre sented to the next Legislature, forbidding the introduction of "cheap Chinese labor under contract in this State. Speeche were made by Mr. Pardy and others. the Chinamen, and pointed wait upon Mr Tweed and ask him to intro duce the bill. The nomination of George W. Harrison and Andrew B. Williams, the first for Principal and the second for Vice-Principal of Grammar School No 40 Twenty-third-st. between Second and Third aves., is con firmed. Annie R. Peacock has been nominated for Vice Principal of Grammar School No. No. 233 East Twenty seventh-st. Anna M. Walsh for Vice-Principal of Primary School No.21. Fifty eventh-st.. between Third and Lex ingtonaves, and E. M. Vanderbill for Vice-Principal the Primary Department of Gratumar School No. Tinrteenth-st. near Sixth-ave At a meeting of the Cooperative Manufacturing and Land Company of Potter County Penn. in operative Hall, last evening addresses in English and German, on the objects of the Company, were made by Dr. F Seeger Dr. Philip Merkle Wm. Boeekel, and Wra Radde. The Company organized last July, has secured of timber land, which they intend to work the cooperative plan. They will also engage in the manu facture of furniture, The capital stock is $150,000, in 6,000 shares of each. to be paid for in installments of $ when will business commence The month Company $100,000 is paid in. Thus far about shares have taken The officers of the Company are: H Seeger, R. Mackay, President Magnus and Dr. : Wm Radde, Treasurer F W Bleek Bromberg, Secretaries and a board of 21 directors, BROOKLYN. Dn Chaillu lectured on the Gorilla" last night. before the Young Men's Christian Association E.E. Bowden's residence. No. 62 Oxford-st. s robbed of $100 worth of clothing by a sneak thief, yesterday Weschler & Abraham's dry goods store, Nos. 297 and 299 Fulton-st. was damaged $100 by fire last ning insured for $60,000. Gen. James Jourdan the newly-appointed Assessor of Internal Revenue the IIId District, took formal possession of his office yesterday. The Gates Avenue Homeopathic Dispensary Gen. Stewart L Woodford President treated 740 pa tients, during the past four months gratuitously. Dr. Bauruen of Thirtieth-st., New-York, was fined $25 by Justice Walsh, yesterday. for neglecting to report to the Health Officer a small-pox case which he attended. There were three deaths from small-pox in the Sixteenth Ward, yesterday. The Health Officers, in eafternoon. cleansing the streets and vaccinating the inhabitants. Silas B. Dutcher. assignee to the Central Bank. yesterday executed his official bond for $125,000. His bondsmen are John Williams William Richardson, Julian Allen, Lorin Palmer, David C. Lyall, and Alberi G. Allen, A temperance mass meeting, under the auspices of the Lafayette Avenue Society, was held last evening at the Rev Dr. Cuyler's Church. Dr. Charles Jewett, Thomas Heywood of London, Dr. Cuyler, and others made addressew. The fifth anniversary of Our Mission" was celebrated last night at the Tabernacle, in Schermerhorn-st. Mr. Van Meter. Speeches and others. were made by the Rev. Mr. Powers, The Water Board yesterday morning discharged 200 laborers and inspectors. The Superintendof ents of the Poor also ordered the discharge of number employes services could be dispensed a with. Officers Thomas McKee and Peter Doulon of Walsh the Tenth Precinct were yesterday held by Justice for having in $1,500 each, to answer before the Grand of November evening violently clubbed Alexander Stuart, on Jury the LONG ISLAND. FLUSHING.-T Board of Trustees have granted extension 20 years for the charter of course has been as Company The south east section of Fashion Neofanew church, Bite purchased by Roman Catholica as Race. the S HUNTINGTON.-A B. French and writ of certiorari has been served on Assessment, for the of New-York-ave. Commissioners of vention EAST will meet here Suffolk on Tuesday next. Sunday school ConWESTCHESTER COUNTY THROGG'S NECK.-Paulding, Kemble & Co. over have contracted to build the Eastern Boulevard bridge ture, Westchester Creek. It is to be an iron truss other 185 feet long, with two spans, one of 50 and strucis to be of 135 feet. The draw will open 68 feet. The bridge the funshed by March, 1871, and to cost about