15560. Central Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 1, 1870*
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
a0b25644

Response Measures

None

Description

Articles consistently describe the Central Bank as having suspended on Aug 2, 1870 and later being defunct with an assignee/receiver pursuing litigation (1872). No article describes a depositor run; the suspension appears tied to the bank's failure/insolvency. Bank type not explicit in text.

Events (3)
1. August 1, 1870* Receivership
Newspaper Excerpt
Silas B. Dutcher, assignee of the Central Bank, recovered ... which were on deposit in the Central Bank on the morning of its failure, and were drawn out on a draft ... (articles refer to assignee/defunct bank in 1872).
Source
newspapers
2. August 2, 1870 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failure/insolvency leading to suspension; later described as defunct with assignee in bankruptcy.
Newspaper Excerpt
the Central Bank, which suspended on Tuesday, the 2d of August, 1870
Source
newspapers
3. December 5, 1872 Other
Newspaper Excerpt
The Defunct Central Bank Litigation. ... Silas Dutcher, assignee of the defunct bank, against the Importers and Traders' Bank of New York ... verdict in favor of plaintiff for $22,459 ... Central Bank, which suspended on Tuesday, the 2d of August, 1870, had for some time prior to that time been the agent ... defunct and assignee pursuing recovery actions was in court in December 1872.
Source
newspapers

Newspaper Articles (5)
1. January 6, 1872 The Democratic Advocate Westminster, MD
Article from The Democratic Advocate, January 6, 1872

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be amateur hunt found the too deep, however Nimrods Russia the ably will be.) will the be despatched to mean San by Duke's time, on the hunt will of be the pleasure the necessity of from Francisco doubtless, by the the cars. him In anticipations en greatly route pres heightened to protect other ence of soldiers warriors who, from the Indian reverse the order wise, might of the entertainment uncomfortably and "hunt' him and his party. reasontoanticipate There the year prices seems every for coal during now piled 1572 up at 100,00 tons and are about 70,000 weekly. The low Nearly Port Richmond, Pottsville tons Mi of ners Journal strongly e coming advises upon the a men liberal Schuylkill county will allow to agree prices to without fall to the minimum, the $2.25 a tou suspension, and rates trade that they must come at least. basis which resorting to as expect low notifies The to a rule for a year Guzette reports Chunk Coal to Lehigh region Mauch in the the general to continue disposition work condition allwinter of the despite market. the discouraging appeared in States to the United Brigham Tuesday Young District to answer Court murder at Salt in Lake on with him dietment declined to was to and McKean charging the Mormon him leader admit Judge and contined is guard the trial to imprisoned bail, placed gatil in around his own it. where house takes disposed he place will be King Victor Emanuel with the Popeon good terms him, which at pres the latter seem keep he does will not let day the disposed King seut to do eut Ou New messenger Year's to but the he Vatician was met his a short special congratulations, given rebuff. with by by Antoaelli and has been marked The p1 putweek of the Legislatures Pennsyl- of New the meeting Massachusetts, Maine, as well as that of vania, York, own Ohio State. and Kansas In Pennsylvania th the two parties, the is tied and there is a with Senate our a vacancy between to fill, delay in organization. New pos of a long Bank, Central 28, the only sibility The suspended Savings Dec. that officers it will It York, temporarily and has only been its say, obligations. months, and in operation it is said, is caused of the Ocean failure suspension, pay its about four the Bank. farm products by the total value of Territories in the United June 1, The the year States ending and statement 1870, just to the $2,445,000,000 largest largest in published, product was was in New York, according during ceusus Illinois. the port and the of the next The domestic exports of 1871 were of for the year against 816, value of 1870. The in the year during 640,478 the Philadelphia $20,685,551, exported $1,579, 1871 total 269 in 1870. of amounted breadstuffs $4,148,695, against the states Governor Geary's State of at Pa, nearly $29, fund total debt of deducting the the sinking balance 000,000; the the cash in the treasury $18,000,000, five and unprovided for off is during the last amount $1,744,867 Philadelphia has been years The averaging paid Canal Ledger yearly says leased that the Susquehanua Railroad for 999 years, de the Reading of making with the a large canal depot Baltimore for shipping with cheap who by Grace intention and supplying anthracite. Havre Southern sued and Washington The Fort Wayne woman for fourteen years the her husband for his pay household, on in the of service there was awarded ground marriage that ceremony, in Circuit has been flaw Court. at to $1,168 by the Allen will meet A National on February Convention 22d, the spread form the of a Baltimore organization for members of total National Roman abstinence Catholic among churches in the United at States. Bartholomew on Barnes Friday. February was for hanged murder last Pittsfield, Grisham, III., in old, John who was only which 19 he to whisky; of tributed Barnes, the crime for years suffered Rock at sent from Portland to The mail the 8th of land, and twenty cheeks sent are are also its robbed, missing. Me, on Pension four missing pension December, checks was to municipal Thomastown Jackson, Miss, 1st. held The Citizens all January Aldermen candidates white men, election for were Mayor elected and by about Union 150 majority. Hobbs, residing near whilst play a dog at and died from it on the hand, ultimo. by Factory, ing with Lloyd Baltimore 23d Elysville, county, was of bitten now the by drophobia Washington on the correspondent :-It is A York Tribune that writes the next Repub generally New believed Convention will he lican in Philadelphia. National fact is announced held who The remarkable that a hackman re from San $40 Fraucisco, in his hack voluntarily turned it to its who killed in Washington, to await has been sent Jary. found Doyle, Mary Shea, owner. to jail last policeman Saturday, little the of John action At of Baltimore, the Grand Medinger, on Saturday, two and a a half

2. December 4, 1872 Public Ledger Memphis, TN
Article from Public Ledger, December 4, 1872

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LATEST TELEGRAMS. AMERICAN PRESS ASSOCIATION, VIA B. P.A.A. TELEGRAPH COMPANY. Specials to the Ledger. NEW YORK. GAR NEW YORK, December 4.-Richard O'Gorman, corporation counsel, yesterday resigned from that position. His resignation was accepted by the Mayor, who appointed Edward Delafield Smith to fill the vacancy. O'Gorman had held the position for seven years. The Mayor has also appointed Richard M. Blatchford Park Commissioner. in place of the late Robert c. Dillon, and Rufus G. Beardsdal, Department of Public Instruction, in place of C. Van Vorst, recently elected Judge of the Superior Court of New York. Mrs. J. F. Cleveland, sister of Horace Greeley, is now lying dangerously ill at her residence in this city. It is estimated that over forty thousand persons viewed Greeley's remains at the City Hall yesterday. The will of Mrs. Greeley is now in the Surrogate's office of Westehester county. By a provision of the will Mr. Greeley and Miss Ida are appointed her executor and executrix respectively. The bulk of the estate is divided equally between her two daughters. As a token of affection to her husband she bequeathed him all her pictures and statuary, a rare and valuable collection. Mrs. Greeley had a policy of life insurance upon Greeley's life to the amount of ten or twenty thousand dollars. It is also stated that she owned some shares of Tribune and various stocks. besides considerable real estate. William M. Graham, President of the Bank of Wallkill, in Middletown. New York, was arrested at his residence in Middletown and brought before the commissioner of this city yesterday. charged with embezzling $100,000 belonging to the bank, After a preliminary examination he was remanded to await the arrival of witneses to-day. bail being fixed at $20,000. A motion for his discharge was denied. Graham had been State Senator for two years. The Apollo Hall Executive Committee held a meeting last night, and resolutions were passed pledging the organization to continue its crusades against corruption in our city government. A special dispatch to the Tribune from Washington says it is reported that the Presidenthas recently expressed himself in favor of of reRepublicans a policy and conciliation others who toward opposed the Liberal his election. and that he has advised some of his friends to pursue the same course in Congress. In the Erie-Gould suit, Judge Leonard has granted an order for the examination of Dr. Eldridge, one of the old Directory. A. .R. McDonough was appointed to make the ex: amination. Silas B. Dutcher, of Brooklyn, Assignee of the Central Bank, brought suit against the Importers' and Traders' Bank of this city, to recover $19,300 deposited in the Central on the day of its failure, and paid over to the Importers' Bank on a draft. It is claimed that payment was made to give defendants the preference over creditors. Although but five New York city insurance companies have suspended since the Boston fire, there are twelve others that have failed, thus far, to make up the impairment. These are the Niagara, Hanover, Standard, RepubLie, Firemen's. Lorillard, Knox. National, Commerce, New York and Yonkers. The market has reinsured its risks. and after elesing business it will be able to return about ninety-two per eent. to stockholders. The amount that the other three suspended companies will return cannot yet be estimated. The friends of the International have resolved to form a new company. The Niagara has redyeed its capital from $100,000 to $50,000, and the Hanquer from $400,000 to $250,000. The twelve companies referred to promise to make up the impairment before the 1st of January.

3. December 5, 1872 The New York Herald New York, NY
Article from The New York Herald, December 5, 1872

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SUPREME COURT-CIRCUIT. The Defunct Central Bank Litigation. Before Judge Gilbert. In the suit of Silas Dutcher, assignee of the defunct bank, against the Importers and Traders' Bank of New York, reported yesterday, the jury, under the Court's instructions, rendered a verdict in favor of plaintiff for $22,459, the full amount claimed. with interest. The facts of the case show that the Central Bank, which suspended on Tuesday, the 2d of August, 1870, had for some time prior to. that time been the agent in this city for the Importers and Traders' Bank, to which it sent notes, drafts, checks, &c., for collection. On the 30th of July, 1870, the Importers and Traders' Bank drew upon the Central Bank a draft for $19,300, which on the 1st of August was paid through the exchanges. After the draft was paid there was still in the Central Bank to the credit of the Importers and Traders' Bank several thousand dollars. This action was brought to recover the amount of the draft, $19,300, which was paid on the 1st of August, the plaintiff taking the ground that this payment was in preference of a creditor, and consequently recoverable under the Bankrupt act. It was claimed by the defence that the Importers' and Traders' Bank could not be considered in the light of a creditor of the Central Bank, but that the Central Bank being merely its agent for the collection of notes, drafts, checks, &c., the funds received by it were trust funds and were rightly paid over upon the draft. It was also claimed that the assignee in bankruptcy should pay over in full the balance due by the Central Bank to the Importers and Traders' Bank.

4. December 6, 1872 New-York Tribune New York, NY
Article from New-York Tribune, December 6, 1872

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NEW-YORK CITY. Cyrille Dion, the billiard champion, has accepted Manrice Daly's challenge to play for the diamond eue and $500, and the game will be played at Irving Hall on Jan. 2. The wreck of the schooner Charles Mollee of Boston, lost in the gale of Sunday last, still lies in the main ship channel near the South West Spit. It has already damaged several vessels, and is a dangerous ob stacle to navigation. It is said that Gen. Newton will make a survey of the wreck to-day and make arrange ments for its Immediate removal. James Van Norden, a well-known printer of this city, died at his home, yesterday, in his 76th year. He was one of the early Presidents of the New York Typographical Society, of which he was a member for nearly 50 years. He was also for a long time President of the General Society of Mechanics and Tradesmen, and more recently President of the Exchange Fire Insurance Company of this city. Judge Leonard, yesterday, delivered the following opinion in relation to the application of Mrs. King for the possession of her children " Mrs. King must take the custody of the children. They must be permitted to visit Mr. King once a week, when their health and the weather. in the opinion of Mrs. King, will allow with a suitable attendant selected and paid by Mrs. King: VISITS to be of two hours' duration, if Mrs. King wishes. The funeral of Thomas Jeremiah, President of the Bowery Savings Bank, who died in this city on Monday last, took place, yesterday afternoon, from the Collegiate Church, at Lafayette-place and Fourth-st. The attendance was large, and included many promineat bankers. The Rev. Thomas DeWitt, D. D., condueted the services, and the Rev. James M. Ludlow and T.E. Vermilye made addresses. The pall-bearers were Andrew Mitis, Andrew Warner, Amos Hattield, John Milhan, Jonathan Sturges, Wm. Hibbard, Peter R. Warper, and Robert Bucks. One of the coin counters attached to the Sub-Treasury died recently, and at the coming examination under the Civil Service rules, it will be necessary to fill his place Itisa pecultar position, requiring a thorough knowledge of coin, 80 that counterfoits, alloyed, or light pieces may be instantly detected. The tests to be employed on the occasion of the examination have not yet been decided upon, but some of them will probably be in the shape of coins containing various imperfections seattered through quantity of genuine pieces, when it will be necessary for the applicant to distinguish readily the base and the pure. BROOKLYN. The Park Theater property was yesterday sold by B. T. Benton to Felix Campbell for $150,000. In accordance with the late act of Congress, the force of Assistant Assessors under Assessor Leich will be reduced one-half before Jan. 1. John Rapp, age 45, fell from a coal-cart, at the foot of Grand-st. E. D., and was instantly killed, yesterday Twelve hundred and fifty lots in the Twentyfirst Ward, including the Capitoline Base-Ball Grounds, were yosterday sold at public auction. in the Commercial Exchange, bringing from $700 to $1,500 per lot. Silas B. Dutcher, assignee of the Central Bank, recovered. yesterday, from the Ninth National Bank of New York $11,641 10. which were on deposit in thentral Bank on the morning of its failure, and were drawn out on a drift James Barclay, a mason, living at Court and Brush-ste. while in a state of semi-detrium, from the effects of liquor, ent his throat with pocket knife, and willdie from the injuries He had become despondent and dissipated the loss of his wife. STATEN ISLAND. CASTLETON.--' The corner-stone of the Mission Chapel has been laid The Thomas P. Way of the North Shore Ferry, which has been off for two days to repair injuries received in rhoning on the rocks, will resume her trips to-day. The Eliza Hancock has been chartered in her place, at $250 per day. ECTINGVILLE>-John Hancock's fruit-preserving establishment was burn yesterday. SOUTHFIELD.-The Board of Excise met, yesterday, to grant licenses NEW-JERSEY JERSEY City.-John Hoersch was arrested yesterday afternoon, in Pavonia ave., and held in $1,500 bail, for driving over Joseph Letts, age 9, and inflicting serious injuries In the Court of Quarter Sessions, vesterday, John . Frederick Schnell, and Charles H . Hall. Judges of Election in the First Precinct, IVth District, charged with making false returns in the vote for Aldermen last Spring, were placed on trial. W. A. Weeks and A. Steenker, the respective candidates, and several other witnesses, gave testimony. Weeks (Rep.) was declared elected by a majority of 11, and the decision was contested by Steenker (Dem.), who believed be had been counted out The Board of Managers of the New-Jersey State Temperance Alliance met yesterday in St. Paul's M. E. Church, A large meeting was held in the evening, and addresses were made by several prominent elergymen James McKenna of No. 159 Henderson-st. was attacked b two taes at the D., L and W. R.R. near Hoboken. and robbed of $300, on Wednesday night. The robbers beat him until he was unconscious and then tifled his pockets. William Roland was committed to Hudson Cetifity Jail by Justice Schackelton yesterday, on a charge of stealing watch from Thomas Hatfield, passenger on the steamer Atlantic of the White Star Line The stolen property was found in the posse ssion of the access Joseph Sommerville's shop, in Morgan-st., near Provost-st. was robbed of goods valued at $150. by a burglars who effected an entrance by cutting out window cash Wednesday night William Baldwin, the engineer of drill locomotive No. 750. which struck and fatally injured Patrick Dooner on Tuesday was released yesterday on giving bail in $6.000. TRENTON Benjamin Williamson began the argument in the railre road "easo, yesterday, taking the ground that the National Railroad Company originally had no authority to ron a railroad through the State: that no such authority 18 given by the Stannope charter, or by any of the railroads which have consolidated with the National Company; and that, by a decision of the NewJersey courts. no company can run road through the State that has not received a charter for that distinct purpose, and that it cannot be done by other roads consolidating with one that has such it charter. NEWARK -Two boys, named MeKnight and Gordon, were arrested last night for breaking into the residence. of Mrs. Quinu on Wednesday night and stealing a box containing a watch, jewelry, gold ore, about $20 in money, and valuable papers. They were held for ex. amination Two horse-ears of the Bloomfield line ran into eaco other at the junction of Bloomfield and Eighth afex last eight, while racing for a"torn-out." One of the ears, containing twelve passengers. was thrown upon the sidewalk but no one was seriously injured. HOBOKEN. Mrs. Jane McCarthy, residing at Sixth and Grand-sts was found, last evening. in a state of extreme destitution. Persons residing in the same house noticed that her FOOTOR had not been opened for three days, and reported the fact to the poilee. who burst the door open and found the old lady neatly naked and actually dying of starvation An attempt was made to give her pourishment hat without success, as whe was unable to partake of is LECTURES AND MEETINGS,

5. November 5, 1873 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, November 5, 1873

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el tributions to the Memphis fund at the different polling places, are liberal. Railway Collision in England. LONDON, November 4, 6 a.m.-A col- on lision occurred yesterday evening the Midland railway, by which twenty persons were injured. F An Alleged Spy Released. i MADRID, November 4.-Girand Prus- Cara subject who was arrested by y 0 sean, insurgents on the charge released. of being tegna a spy from Madrid, has been Bullion for America. LONDON, November -The steamTangore has arrived from Australia ship four hundred and eighty-nine all thousand with pounds in bullion, nearly of which is for America. Outrageous. I 1 York, November 4.-A German afterNEW William Tiber was this botnamed severely injured by having a while noon vitriol thrown in his face the standing tie of at the polling-place in fourth ward. Latest from India. November -The latest ad- than LONDON, India are little more disencouraging. vices from The crops in some and with of Bengal are improving, there are triets continued favorable weather, averted hopes that the famine may be or greatly mitigated. ] Election Day in New York. YORK, November Very litNEW business is doing in this town to-day, election tle day being now a legal holiday. in the larger establishments open The The morning, were closing at noon. are fine, and all interested full vote. exerting day is themselves to obtain a The Central Bank Net All Right. York, November 4.- The Central invesNEW of the affairs of the the cleartigation by the commissioner of that the bank, association. shows dollars, ing-house three hundred thousand huncapital, impaired to the extent of seven Dedred is and twenty thousand dollars. positors are promptly secured. A Murderous Choctaw. LOUIS, November 4.-A Territory, dispatch ST. Fort Gibson, Indian in from Choctaw Indian, a prisoner Wilson says hands a of Deputy-Marshals at the the shot those gentlemen and Sunday night, woundthe former, and killed Creek wounding Ayers, agency, badly and mortally latter. He also shot murderer ing the Duval, a guard. The mortally Perry subsequently shot and guard. was wounded by a Creek Indian Savings Banks Correct. N. H., November 4.-Some in CONCORD, having been exhibited uneasiness to the savings banks of this city, of trade last expressing full them the resolutions regard board confidence night passed in in banks, and recommending altothe run to refuse payment to raise case of rather a than attempt The savgether at & ruinous sacrifice. to pay no money banks to-day determined January. ings depositors until the first of Frank L. Taintor. YORK, November 4.-In full bench, the NEW States circuit court, a Hall to-day moved for the case of Frank L. in of the Ex-Mayor United rial cashier Atlantic point Taintor, new na- on defaulting tional bank, application of this city. is The based is bank. the question which the of intent to defraud it was the necessary Mr. Hall argued to that prove guilty reserved. intent, for which prosecution was not done. Decision Clark. Death of Lewis Gaylord 4. Louis NEW YORK, died November at his residence, at Gaylord Clark on the Hudson, last night, rePiermont, sickness of only a few hours, Hewas after a paralytic stroke. ulting from the a Knickerbocker Magazine and editor of till it had ceased to exist, the from 1832 was engaged in subsequently customhouse, frequently periodicals. contrib- New York however, to literary the gift of uting, home at Piermont was Knickerbocker his His associates on the Magazine. Troubles in Virginia. Race YORK, November 4.-A Virginia, special NEW from Petersburg, hundred dispatch while about three states that were marching in proces- at the colored men night, they threw stones and injuring sion houses, last smashing The windows excitement became that citizens. acts of violence so the great over these colored company were all a white and and were kept under arms this called out Governor Walker approved the miliprompt night. action on the part of tary and citizens. The Grant Parish Affair. ORLEANS, November outrage. 4.-The NEW of the Grant parish instant, account telegraphed hence accounts, on the first was perpeas shown by the all arrival there of the Metropolitans, trated after and bad been in fully Sunday's CODfirmed by the the publication proceedings of consider a public meeting papers of held in Alexandria to the subject. November 4.-Attor- a teleWASHINGTONITIAMS received that G-General General Kellogg saying aiding gram military from in Grant parish arrest are the perpeI the iratore the civil of authorities this Colfax to massacre, but did