Croton National Bank (New York, NY)

View Charter #1556 on SPMC View balance sheet

Episode Information

Episode UID
155600814
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
15560 national
Charter Number
1556
Start Date
October 1, 1867
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9fd3ad9148cacd35

Response Measures

None

Receivership Details

Depositor recovery rate
88.5%
Date receivership started
1867-10-01
OCC cause of failure
Fraud
Share of assets assessed as good
54.8%
Share of assets assessed as doubtful
31.1%
Share of assets assessed as worthless
14.0%

Description

Closed by government examiner under Sec. 46; receiver appointed and bank wound up.

Events (4)
1. September 9, 1865 Chartered
Source
historical_nic
2. October 1, 1867 Receivership
Source
historical_nic
3. October 1, 1867 Suspension
Cause
Government Action
Cause Details
Closed/seized by the Government examiner under Section 46 for failing to redeem its circulating notes in lawful money on demand.
Newspaper Excerpt
It is reported that the Croton National Bank of this city has suspended payment.
Source
newspapers
4. October 2, 1867 Receivership
Newspaper Excerpt
Notice is hereby given to all persons who may have claims against THE CROTON NATIONAL BANK ... to C. P. BAILEY, Receiver of said Bank
Source
newspapers

Newspaper Articles (19)
1. October 1, 1867 The Evening Telegraph Philadelphia, PA
Article from The Evening Telegraph, October 1, 1867

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Ship News. FORTRESS MONROE, Oct. 1.-The pilot boat Coquette picked up yesterday, in Chesapeake bay, abandoned and water-logged, the schooner John Speddin, from Norfolk for Baltimore, loaded with lumber. BOSTON, Oct. 1.-The fishing schooner Ada F. Low, of Rockport, Mass., went ashore last night while running in for Rockport harbor, and will, probably, be a total loss. Albert Fair, of Rockport, is missing. The remainder of the crew were saved. The vessel and outfit was valued at $9000. There was only a partial insurance. NEW YORK, Oct. 1. - The steamers Henry Chauncey, from Aspinwall, and Rapidan, from Havana, have arrived. Suspension of the Croton National Bank NEW YORK, Oct. 1.-It is reported that the Croton National Bank of this city has suspended payment.

2. October 1, 1867 Evening Star Washington, DC
Article from Evening Star, October 1, 1867

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Suspension of a National Bank. NEW YORK, Oct. 1.-Itis reported that the Croton National Bank of this city has suspended payment.

3. October 2, 1867 Evening Star Washington, DC
Article from Evening Star, October 2, 1867

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TELEGRAMS, &c. The Croton National Bank of New York was closed yesterday morning by the Government examiner for not redeeming its circulating notes in lawful money on demand. The capital was $200,000, a part of which appears 10 have been lost. The circulation, $180,000, is of course secured. It is thought the depositors will be paid eventually. It is officially announced that the Canadian Parliament will meet on the 6th of November The Toronto Leader says it is authorized to Meny the rumor that Sir John A. McDonald contemplates retiring from the Cabinet and accepting the position of Chief Justice of the Court of Appeals of the Dominion of Canada. In the United States Circuit Court, in Richmond, yesterday the counsel for a party charg ed with defrauding the revenue of the whis. key tax moved to quash the indictment because the Federal courts, being of limited jurisdiction, cannot take cognizance of any crime not expressly declared so by act of Congress. The election on the convention question com. menced in Mobile, Aia, yesterday, with the following result: Mobile cennty, 750 blacks and six whites; Mobile city, 2,339 blacks and 26 whites-making a total of 3,089 blacks and 2 whites. The elect ion is passing off quietly. The liquer house of Hatch, Maurice & Co., in St. Louis, was entered by burgiars Monday night, and the safe blown open and robbed of $1,000 in money and a large number of notes and valuable papers. Two watches, a dia. mond pin, valued at $4,000, and $30,000 were left behind by the burgiars. On Saturday Hight, while the Quebec poli were endeavoring to arrect two drunken sail. ors who were fighting, they were attacked by three officers of the 23d fusileers and a number of civilians. One of the policemen was roughly handled, and it is feared he cannot recover. Henry Hart. who has been charged with complicity in frauds on the revenue amount. ing to two hundred thousand dollars, voluntarily surrendered himself to the authorities in New York Monday, and was held in $40,000 ball. The large fly-wheel of the Great Western rolling mills at Hamilton, C. W., burst on Saturday evening, injuring three persons, one of them-Mr. Dampier, of the Surrogate's officeseriously. Some of the pieces, weighing 1,200 pounds, went through the roof of a building. The new Mayor and City Council were installed into office in Nashville, Tenn., raterday. S.F. Allen was elected president of the Board of Aldermen and A. B. Shankland of the Council. Judge M.M. Bryen administered the oath of office. The Republican County Convention at Charlottesville, Va., yesterday nominated Judge Alexander Rives, and James S. Taylor, colored, for the State Constitutional Oonvention. Advices from the West say that thirty thouF2nd head of cattle, from Texas and New Mexico, are now collected at Obelin, Kansas, on the Union Pacific railroad, awaiting purchasers. An official canvass of the late election in Colorado shows a Republican majority of ten in the legislature. The State question was not agitated. There is no perceptible abatement in the epidemic at New Orleans. The interments for the twenty-four hours ending at 6 o'clock ye3terday morning numbered 63. A large block of stores on Main street, in Gali, C. W., was burned yesterday morning. Loss. $30,000. The large mercantile house of Buchanan, Hope & Co, stopped payment at Hamilton, C. W., Monday. Jame3 M. Mason, of Trent celebrity, has returned to Toronto, Canada There has been a heavy frost in Nashville, Tenn., and in Richmond, Va., Monday night. J03. M. Dawson, a noted comedian, died at Louisville, Ky., Monday night. Gen. Hancock has arrived at St. Louis.

4. October 2, 1867 The National Republican Washington, DC
Article from The National Republican, October 2, 1867

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Suspension of the Croton National Bank of New York. NEW YORK, Oct. 1.-The Croton National Bank was closed this morning by the Govern. ment examiner for not redeeming its circulating notes in lawful money on demand. The capital was $200,000, a part of which appears to have been lost. The circulation, $180,000, is, of course, secured. It is thought the depositors will be paid eventually.

5. October 2, 1867 Nashville Union and Dispatch Nashville, TN
Article from Nashville Union and Dispatch, October 2, 1867

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New York Items, etc. NEW York, Oct. 1.-The Croton National Bank was closed by the government examiner this morning, having failed to redeem its circulating notes on demand. A receiver will probably be appointed tomorrow. The capital of the bank was $200,000, a considerable part of which ap. pears to have been lost. The circulation is $180,000, which will be redeemed at the treasury with the proceeds of bonds placed therein. The deposits amount to some $300,000, one-third from country creditors, and will probably all be paid eventually. The bank had no Wall street deposits, and its failure has scarcely produced any effect. A boiler exploded with terrific force in the brewery of E. H. Heald & Kietel, at Newark, on Monday evening, by which two men were killed and a dwelling house adjoining was leveled to the ground. The inmates escaped with a few injuries. Gov. Fenton has invited General Sheridan to Albany. By a collision between a train and a locomotive at Chatham, on the Morris and Essex railroad, Monday, a brakesman was fatally Injured. Gen. Sheridan visited the Stock Exchange open room and gold room to day, and was enthusiastically received. He subsequently had a reception in Brooklyn. He attends the Patterson races to-morrow, holds a reception for ladies at the Union League rooms Thursday, and leaves on the same evening for Newport, thence to Boston. The fire last night burned Peter Yertzer's Cabinet shop and three other tenements; loss $121,000 which is partly covered by insurance. Thomas Kelley, in Jersey City, last night beat his wife and kicked her down five flights of stairs. Her recovery is doubtful. Kelley has been arrested. A disgraceful freman's row occurred in Jersey City last night. Clubs and stones were freely used, and one or two persons were seriously injured. The Daily News reports that the President has tendered the secretaryship of the Treasury to Robert J. Walker, and that he may decide to assume the duties immedilately after the fall elections. The Worcester, Massachusetts, Democratic State Convention met to-day. About 500 delegates were present. Henry G. Parker, of Cambridge, was elected President.

6. October 2, 1867 New-York Tribune New York, NY
Article from New-York Tribune, October 2, 1867

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SEIZURE OF THE CROTON BANK. The Croton National Bank of this city was yesterday seized by Mr. Calender, the Government Inspector of National Banks. The seizure was made because of the technical offense of declining to redeem some of its own circulating notes. The bank is in the hands of Government officials, and will probably remain 80 for the present. The note-holders are perfectly secure, the amount of Government bonds deposited by the bank us security for its circulation being $212,000, and its circulalation but $180,000. It is believed, also, that the assets of the bank are ample to fully secure the depositors. Mr. Calender reports the amount of deposite to be less than $250,000. No cause is openly assigned for the embarrassment in the bank affairs, but there are ramors ou the street of unfortunate speculations by some of the bank's officers. The last weekly exhibit of the business of the bank, being for the week ending Sept. 28, was as follows: Average amount of loans and discounts, $516,829; average amount of specie on hand, $2,441; average amount of circulation, $180,000; average amount of deposits, $371,729 Legal Tenders, $136,498.

7. October 2, 1867 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, October 2, 1867

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The Croton National Bank. NEW YORK, Oct. .-The Croton National Bank was closed by the Government this morning nder Section 46 : or the Banking Law, having failed to redeem their circulating notes in lawful money on demand. A receiver will probably be appointed to-morrow. The capital of the bank was $200,000, a considerable part of which appears to have been lost. The circulation is $180,000, which of course is secured and will be redeemed at the Treasury with the proceeds of bonds placed at Washington. The deposits amount to some $300,000, one-third is from country creditors and probably all will be paid eventually. The bank has no Wall street deposits and its failure has scarcely produced any effect.

8. October 2, 1867 Daily Ohio Statesman Columbus, OH
Article from Daily Ohio Statesman, October 2, 1867

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FROM NEW YORK. National Bank Failure. Bank NEW YORK, Oct. 1,-The Croton National is reported to have failed with heavy liabilities. Arrival. The steamer Chauncey with California passengers. has arrived. Died. Col. Wm G. Cooper. late of the 16th Indiana Vil unteers. died in Brooklyn yesterday Whisky and Tobacco Frauds of additional seizures were made law yes whisk for violation of the revenue of the Croton National and terday. Affairs Eight tobacco closed Bank. by the National Bank was section examiner this morning, tore Government The Croton under failed of the banking law, having on/deforty-si circulating notes in lawful appointed)t money deem its A receiver will probably be $200,000, |nand. The capital of the bank was to have been considerable morrow. part of which appears of course is The circulation is $180,000, which Treasury with lost. will be redeemed at the Washington of the bonds placed at $300,000 amount to the sum all secured the The proceeds deposits and probably of street one- will from country creditors, and Wall third eventually. The bank has no produced any effect. deposits, be paid and its failure has scarcely of Government Vessels. at Sale Government vessels were $30,000; sold steamer author Eleven ship North Carolina. A ugusta, o-day. The $70,000; Estrella, $9,000; $19,000 Rhode Island, Massachusetts. $50,000; Ponting, Sonora, $16.+ Cavenaugh, $40,000: $17,100; Tahoma, $13,000; 908; Osceola, Attempted $16,000. Murder. Robert Hayes attempted She jumped to murder from bis a window wife in in 25 jeet from the arrested Brooklyn last night. ground. and is probably fatally the jused. The man was Hall Championship. given up It appears The Base the Atlantics They have requested a post+ were base ball championship. as three of their nine Atlantics ponement but of the the game, Athletics refusing, with whom the the Athdisabled, put a muffin nine in the field, in the letics refused Bolter to play. Explosion. force brew ery A of bciler Ebheald exp oded & Seitel, with men at terrific were Newark, killed. on A awelling Monday The inevening, by which was two leveled to the ground. house mates adjoining escaped with Sheridan. slight injuries. Sheridan General Governor Fenton has Sheridan invi visted the day, Stock and to Albany. General board, and gold room He subsequently to had was Exchange, a enthuriastically splendid open Races reception to received. morrow, in Brooklyn. holds Rooms a Heattends Thursday. reception and leaves for the ladies Patterson at Thursday the Union evening League for Newport, proceed haun ing thence to Boston. Stenmer Henry Cb News by the cey. from Aspinwall, 23d. tie The brings steamer $819,000 Henry of California Chauncey. treasure. But sailed litPanaina, for Gen. news. Kilby Smith, our the Consul benefit of health. was supThe coffee very for An San attempt Francisco at revolution crop there in expected to be proclaimed constitutional promulgated. pressed. Advices large. from Peru President state that August Prado was 31st, and the the important An of Chili. new Constitution discovery of gold was made in debate. in northern part Congress had President stormy Gurcia Senate. ever. Flores The Ecuadorian the expulsion He of left the country from forfailed. Moreno resulting The attempt from the to It expel was claimed Don Antono by the Red party that the House both were lulcation illegally elected. Connecticut Connecticut. is in cash. the name Bank bank Dt defaulcation New in Milford. The in the Litchfield The County Conklin, Bank, and he funds were lost Or New from ier' stock 's speculations. Disaster at Sea. here The steamer Rapidan 25th. arrived She reports vessel that at fire about her leans: via 25th Havana. she discovered hove for New Me of miles the distant. She steamer Troga, from and after five found her to be the for Philadelphia. the getting and via Havana, to render assistance, word to the Ca2. He she by would ich Orleans, At once sent passengers boats aboard until sent the fire was latt extin- r ocat on 7.30. her curred at and 10.30 her saved were aboard tain gutshed or that the ship o'clock careen't she proceeded Fort. and but sup- the Perry Short. Engineer passer. course, following, posed she sunk. who were All John burned C. to Donnell, death: gailor, and in beat OnKelley james Jersey brutally 2d Thomas Ass't Crowley, Brutal coal Henting wife of last and City five night. down flights was Her Kelley recovery doubtful. How Jersey or and one City A last night two persons severely rested. stairs. disgraceful H Firemen's firemen's Clubs row injured. occurred were freely in used, Robbery. rob been Bro., have Messrs, Ballou & Broadway. by of bed their $4,000 bookkeeper has The thief been seizures. made, Several includwhisky ing the of Scott, Walter rectifying John street, Brooklyn. Hoberty the report President to Treasury the assume Daily has a the be required elec- to tions has Robert The tendered J. Walker, duties the immediately after may the with fall

9. October 2, 1867 The Wheeling Daily Register Wheeling, WV
Article from The Wheeling Daily Register, October 2, 1867

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FROM NEW YORK. Failure of the Croton National Rank -Sale of Government Vessels-Base Ball Championship-Expesion NEW YORK, October 1.-The Croton National Bank was closed by the government and examined this morning under section forty six of the Banking law, having failed to redeem its circulating notes in lawful money, on demand. A receiver will probably be appointed to-morrow. The capital of the was a to of bank which appears $200,000, have considerable been lost. part The circulation is $180,000, which of course, is secured and will be redeemed at the Treasury with the proceeds of bonds placed at Washington. The deposits amounts to some $300,000-one-third from will be country paid eventually. creditors and and The probably its bank failure has all no Wall street deposits has scarcely produced any effect. Eleven government vessels were sold auction to-day. The ship North CarRhode $9000; $70,000; at olina sold Estrella, for $30,000; Augustay Pontiac, Island, $40,000; Massachusetts, $90,000 $17,000; Conemangh, $12,100; Tahoma, Sonora, $16,900; Osceola, $13,000; $16,000. Robert H attempted to murder his Brooklyn last night. She wife from a window 25 feet to the jumyed ound, and is probably fatally injured. The man was arrested. It appears that the Atlantics have not given up the base ball championship. They requested the postponement of the game, as three of their nine were disabled, but the Athletics refusing, the Atlantics put a muffin nine in the field with whom the Athletics refused to play. A boiler exploded with terrific force in the brewery of Echeald & Zitel, at Newark, on Monday evening, by which two men were killed. A dwelling was leveled to the The inmates ground. house adjoining escaped with but slight injury. Governor Fenton has invited General Sheridan to visit Albany. General Sheridan visited the Stock Exchange, the Open Board, and the Room to-day, and was received. He a Gold tically subsequently enthusias- had splendid reception in Brooklyn. He attends the Patterson races to-morrow, holds a reception for ladies at the Union League room on Thursday, and leaves on Thursday evening for Newport. proceeding thence to Boston.

10. October 2, 1867 The New York Herald New York, NY
Article from The New York Herald, October 2, 1867

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ANOTHER NATIONAL BARK FAILURE Collapse of the Croton National Bank, of This City. Liabilities Four Hundred and Thirty Thousand Dollars. Mismanagement the Alleged Note Cause of Suspension. Some excitement was caused down town yesterday by rumor, which was BOOB extensively circulated, to the effect that the Croton National Bank, corner of Nassau and Cedar streets, had suspended payment. The sus. pension took place at ten o'clock A. M. it being officially declared that the bank was entirely unable to redeem its notes. Mr. Charles M. Callender, the government bank examiner for the district comprising the city of New York and the State of New Jersey, is now in charge of the affairs of the Institution, and expresses it as his opinion that the oreditore (not counting the stockholders) will be at no loss by the suspension. The Croton National Bank ommenced operations on the 1st of October, 1865, and is consequently just two years old yesterday. Its principal stockbolders on start. ing were Messra. Harvey Fisk and A S. Hatch, bank. ers; but after while they drew out of the concern, and their interest was purchased by the firm of Hosford, Vancampen & Co., brokers, Mr. Henry E. Hosford becoming president and Mr. R. M. Raven cashier. Mr. Hosford subsequently went to Europe, when Mr. Van. campen, bis business partner, became the acting president, and was so at the time the bank stopped payment. The institution was not a member of the Clearing House, but made its exchanges through the Ocean Bank, which early this morning notified the other banks that it had ceased to act for the Croton. When the bank opened its doors yearerday morning a package of its circulating notes was presented for redemption, and it failed to respond to the demand. Hence the examiner closed its doors under section forty-s of the National Currency act-this an tion of the Treasury being apparently premeditated. owing to its condition having been unsatisfactory for some time past. The deposits at the time of failure amounted to about $250,000, of which more than $200,000 are city deposits. The bank had been regarded us unsafe for year past, and its capital was too small to enable it to transact a Wall street business. The Treasury in weeding it out of existence has pursued the proper course, and the sooner all similarly unsound institutions under the national banking law are treated in the same manner the better. It is expected that creditors of the bank will ultimately be paid in full out of the assets of the bank. and the notes are, of course, sure of redemption from the proceeds of the bonds do. posited with the Treasury as # basis of circulation. The national banking system, there is too much reason to fear, has many more rotten timbers in it, and their exposure is imperatively demanded by the public interests. The sections of the act under which the bank was meized, and according to which its affairs will be wound up by a receiver, whose appointment will probably be made to. morrow, read as follows: SECTION 46. And be it further enacted. That if any such shall at any time fail to redeem. in the lawful money of the United States. any of its circulating notes, when payment thereof shall be lawfully demanded during the usual hours of business. at the office of such association or at place of redemption aforesaid. the holder mar cause the same to be protested in one package by notaly public, unless the president (or whose presented association the of cashier payment, or the president ca-hier of the are offer shall the which they at to place demand and notice of the protest, and shall purSuance of such offer make, and deliver the party making such demand au admission demand, the and fact of D-payment thereof: notary making such or shall the the Comptroller protest And copy taioing of the facts by the him for the suffering the to pay of Its or bills, discount notes any business of banking except receive and safely money belonging and to deliver special deposits. SKC. 50. Aud it further enacted. That on becoming satisfied. specified this act. has refused pay its circulating therein montioned and in default, the Comptroller of the Currency may forthwith appoint require of him such bond and security as shall deem proper, who, under the direction the shall take of the books, records and every description such ciation, collect all debis, and claims upon the to order such longing of record competent court all bad or doubtful order such the direct, and necessary to pay the debts such of the the liability by the twelfth section of this act: and shall over all money so made the of the United States, subject to the order Comp. troller of the Currency and also to Comptroller of the Currency of ings. The Comptroller thereupon notice be given by in such for three direct months, may calling who have claims against may persons such to present the same and to make legal And from time time the Comptroller. after full vision shall have been first made for refunding to United States any such deficiency notes of such is shall make a ratable dividend the money over him by such such claims been proved to bis compe from time to time, of such proceeds shall paid over to him, be shall make further dividends on all claims iously proved and the of such any, shall paid over to the of such their to the stock by them respectively held. The liabilities to depositorsjare estimated by Mr. Callender to be in the neighborhood of $250,000. The circulation was $180,000. This is secured by deposits is government hands of $212,000. The amount of capital which the bank was operated was $200,000. After securing the billholders there will remain $32,000 to help pay the $250,000 of other liabilities, leaving balance of $218,000 to be paid from the assets the bank. These, Mr. Callender avers, are ample for the purpose. and he expects is short time to have the aflairs of the Institution so arranged that the bank can go into liquidation. The cause of suspension is alleged to be mismanagement solely. There has been no deralcation on the part of any of the officers or employes, and to speculative venture alone, or the loaning of the funds of the Institution on property which has proved to be insufficient to secure the investments, can be attributed the failure. About ten days since an examination into the standing bank commenced by Mr. Callender. its discovered soon condition. shaky who very the order but, opportunity to remedy affairs. immediately close its there was ne probabilit of the able rethat its deem losses, to take of It in order to secure its creditors, and bence its formal suspension yesterday. The con dition of the bank is. however much better to-day was some time ago: for since the examination affairs was commenced no new loans have been made, and as its bills receivable became due ad interina they were turned over as assets for the benefit of the creditors. There was no undue excitement around the bank yea-

11. October 8, 1867 Public Ledger Memphis, TN
Article from Public Ledger, October 8, 1867

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How National Banks Explode. NEW YORK, Oct. 2, 1867.- - No doubt ere this you have been apprised of the collapse of the rotten Croton National Bank, at the corner of Nassau and Liberty streets; but, as you may not have been apprised of the "fast" system upon which it was run," it may as well be stated that, as rumor has it, it was engineered chiefly by young men about town-chaps that always had the showiest seats at the opera, that always had the most dashing fair ones by their side, that always drove the smartest horses on the avenue, that always bet highest at the Jerome Park races, that always occupied the most gorgeous pew in the most fashionable church, and that always figured most conspicuously on the bail committees at Long Branch, Newport and Saratoga during the season. Is it any wonder that, when the Bank Examiner came to overhaul the "specie" in their vaults, less than three thousand dollars were found there? Of course no disgrace is supposed to attach to the failure. In former times oceurences like these used to send the parties implicated into coventry, if not the penitentiary; but now it is looked upon as something in the light of a #matter of course. Nobody thinks any the worse of them. They appear on "the avenue," occupy their seats at the opera, and drive their bays through Central Park, holding their heads as high as ever. If the bank is broken it doesn't necessarily follow that they are without "assets." If they were they couldn't continue to speculate in Harlem and Erie, and occasionally tura a penny in buying and selling gold, could they ? Depositors, bill-holders, and the public generally, meanwhile, had better not be too impertinent or too inquisitive. How do they know that a good many other of these shoddy banks are not in the same condition -Louisville Democrat. THE New York Evening Post, a Radical fal.

12. October 8, 1867 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, October 8, 1867

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From Washington. W ASHINGTON. Oct. 7. Two hundred and twentv-five patents are to be issued for the week ending the 15th. During the past week 568 applications and 85 caveats were filed. Returns to the General Land Office show 320 farms, comprising 21,930 acres, were added to the productive force of Mississippi and Alabama during August and September under the Homestead Act. One of the present Deputy Revenue Commissioners of this city is to be detailed as successor of Col. Messmore in New York. Treasurer Spinner, in his annual report, states that the stories industriously circulated of abstraction of public monies are all false. Gen. Sherman was at the War Department to-day and had a long conference with Gens. Grant, R. S. Granger, O.O. Howard and several members of Congress. Official notice is given to persons having claims against the Croton National Bank of New York, to present them at the bank to C. P. Bailey, the receiver. It is probable that George Farwell, one of the Deputy Commissioners of the Internal Revenue, will be sent to New York to fill the vacancy caused by the removal'of Mr. Messmore.

13. October 10, 1867 The Jeffersonian Stroudsburg, PA
Article from The Jeffersonian, October 10, 1867

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The Defunct Croton National Bank. The Deputy Acting Comptroller of the Currency has given notice to all persons who may have claims against the "Croton National Bank" of the city of New York, that they are called npon to prosent the same and to make legal proof to C. B. Bailey, Esq., Receiver of the bank, at the office of the same, in the city of New York.

14. October 12, 1867 New-York Tribune New York, NY
Article from New-York Tribune, October 12, 1867

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financial. TREASURY DEPARTMENT. SEPTEMBER 30. 1867. Notice is hereby given that the Assistant Treasurer at New-York has been instructed to issue Three Per Cent Certificates as authorized by Act of Congress approved March 2. 1867. in denominations of $5,000 and $10,000 each, in redemption of the Compound Interest Notes maturing in the months of October and December next. The accrued interest on all notes presented for such redemption will H. McCULLOCH, Secretary. be paid in currency. In accordance with the foregoing notice, the Compound Interest Notes therein mentioned will now be received at this office, and certificates 18. sued for the principal thereof. Interest on the notes will be computed to Oct. 15. 1867. at which time he certificates bear date. Schedules may be obtained on application at the office. H. H. VAN DYCK. Assistant Treasurer. United States Treasury, New-York, Oct. 5, 1867. TREASURY DEPARTMENT OFFICE OF COMPTROLLER OF THE CURRENCY WASHINGTON Oct. 7. 1867. NOTICE IS HEREBY GIVEN TO ALL PERSONS who may have CLAIMS against THE CROTON NATIONAL BANK OF THE CITY OF NEW-YORK, that they are called upon to present the same. and to make legal proof thereof, to C. P. BAILEY, Receiver of said Bank, at the Office of said Bank, in the City of NewYork. JOHN J. KNOX, 012 law13w8 Superintendent and Acting Comptroller. TREASURY DEPARTMENT, OFFICE OF COMPTROLLER OF THE CURRENCY WASHINGTON, October 7. 1867. TOTICE is hereby given to the holders of the Circulating Notes of THE CROTON NATIONAL BANK of the City of New-York, that such Notes will be paid in lawful money of the United States, upon presentation of the same at the Treasury of the United States. JOHN JAY KNOX, 012 law4w8 Department and Acting Comptroller. ISCONSIN BONDS. W KENOSHA TOWN BONDS, RACINE TOWN BONDS, WATERTOWN TOWN BONDS, FOND DU LAC TOWN BONDS, SHEBOYGAN TOWN BONDS, LACROSSE TOWN BONDS, MILWAUKEE (readjusted) 5 per cent, MILWAUKEE (repudiated) aid Beloit Railroad, MILWAUKEE (repudiated) and Superior Railroad, WANTED by GEO. C. DUNBAR, No. 7 Wall-st Dealer in Miscellaneous Securities

15. October 19, 1867 New-York Tribune New York, NY
Article from New-York Tribune, October 19, 1867

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OFFICE OF COMPTROLLER OF THE CURRENCY, 5 WASHINGTON Oct. 7, 1867. NOTICE IS HEREBY GIVEN TO ALL PERSONS who may have CLAIMS against THE CROTON NATIONAL BANK OF THE CITY OF NEW-YORK, that they are called upon to present the same, and to make legal proof thereof. to C. P. BAILEY, Receiver of said Bank, at the Office of said Bank, in the City of NewJOHN J. KNOX, York. Superintendent and Acting Comptroller. 012 law13wS

16. December 26, 1867 Evening Star Washington, DC
Article from Evening Star, December 26, 1867

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WASHINGTON, Dec. 23, 1867. -A meeting of the STOCKHOLDERS OF THE WASHINGTON AND GEORGETOWN RAILROAD COMPANY. for the election of Directors, will be held at the office of the Company. corner of New Jersey avenue and B street, on WEDNESDAY,the 8th of January, 1868. The polls will be open at 12 0 'clock m., and close at 20 clock p.m. GEO. S. GIDEON, President. de 23-d WM. C. GREENLEAF, Sec'y. DEPARTMENT METROPOLITAN POLICE. 13 OFFICE OF MAJOR AND SUPERINTENDENT. No. 2 LOUISIANA AVE., WASHINGTON, Dec. 23, 1867. SPECIAL ORDER No. 380. Lieutenant Hurley, Sixth Precinct: SIR: During the current Opera Season at Wall's Opera House, you will cause all carriages in approaching the Opera House with passengers to head towards Louisiana avenue, and in parting, at the close of the Opera, carriages having passengers occupying orchestra seats, will receive them in street. with their horses headed towards 9th street. All others will receive their passengers on 9th street, headed towards Pennsylvania avenue. You will detail a sufficient force to carry this order into execution. de 23-tf A.C. BICHARDS, Major and Supt. CHRISTMAS GIFT TO THE POOR. 10,000 BUSHELS OF COKE will be distributed at the Washington Gas Light office, and delivored free of charge, to the destitute poor of this city, as follows, viz: Twenty-five bushels te each family, on the certificate of any member of the Board of Aldermen or Common Council. in whose ward the applicant resides, 01 the Commissioner of the Freedmen's charity. Bureau that the applicant is a worthy object of Application must be made at the office, No. 472 10th street, between the hours of 9 and 10½ a. m., and 1 and 2 o'clock p. m. Blank applications will be furnished at the office. JOHN BAILEY, President pro tem., de 19-1w Washir gton Gas Light Co. [City papers please copy.] ELECTRO MEDICATED VAPOR BATHS Dr. L. ALCAN, recently in charge of Electricity and Medicated Vavor Baths at the various United States Army General Hospitals, office southwest corner of 11th street and Penna. ave., cures Bheumatism, Eruptions of the Skin, Colds, Gout, Debility Affection of Paralysis, Absorption of Mercury. and Female Complaints. de 10-6m FRENCH CONFECTIONERY AND LADIES' OYSTER SALOON JOSEPH H. SHAFFIELD, No. 246 Pennsylvania avenue, between 12th and 13th streets, respectfully announces to his customers and the public that he is now prepared to furnish Oystersin a superior style. Also, Coffee, Tea, and Chocolate. Parties. Weddings, and Families furnished with choice Cakes. Ice Creams. Pastry. and all articles in the Confectionery business. made of the best material and at the shortest notice. OC 7-3m SKATES, POCKET CUTLEBY, HARDWARE, &c. Those who wish to purchase the celebrated SARATOGA SKATES, HARDWARE, &c., will do well by calling at C. C. MEADOR'S Hardware Store, 339 Pa av., bet. 6th and sts., south side. d5-1m NOTICE The Policy-holders in the MUTUAL FIRE INSURANCE COMPANY, of this District, are requested to attend to the renewal of their policies on or before the 30th day of the present month, at which time the policies expire, J. WESLEY BOTELER, de 11-2aw3w* Secretary. NOTICE BOWERS & ALBERS, (late J. A. SHAFFIELD & Co.,) Ice Cream Manufacturers and Confectioners, 390 11th street, between K street and Mass. ave., Have just received a large stock of French Confectioneries, Fancy Boxes, Toys, etc., suitable for Christmas presents. Parties, Weddings, Fairs, etc., furnished with the best Ice Cream, Water Ices, Cakes, etc., at reasonable terms. Give us a call. de 6-3m* TREASURY DEPARTMENT. Office of Comptroller of the Currency, WASHINGTON, October 7, 1857. Notice is hereby given to the holders of the Circulating Notes of "The Croton National Bank, o the city of New York, that such notes will be paid in lawful money of the United States upon presenStates. tation of the same at the Treasury of the United JNO. jay KNOX, OC 8-tul3t Dept. and Act'g Comptroller. TREASURY DEPARTMENT. IE Office of Comptroller of the Currency, WASHINGTON, October 7, 1867. Notice is hereby given to all persons who may have claims against The Croton National Bank, of the city of New York,' that they are called upon to present the same, and to make legal proof thereof, to C. P. Bailey. Esq. Receiver of said Bank, at the office of said bank, in the city of New York. JNO. JAY KNOX. Part. may

17. January 27, 1868 New-York Tribune New York, NY
Article from New-York Tribune, January 27, 1868

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THE CIVIL COURTS. Petitions in bankruptcy were filed in the U. S. District Court, on Saturday, by Wm. Sutherland of Washington, Dutchess County; Henry Crammeyer of Brooklyn, Wm. W. Tracy, Henry Bonnell, James Wilson, Thomas J. Strong, and Charles M. Simpson, of this city. In the Supreme Court, General Term, Andrew Lillia sued James E. Ward & Co. for the recovery of a brig that was bought at nuction. At the time of sale the purchase money was tendered to the auctioneer and to the owners. Defendants argued that the amount being over $50, they were not bound to deliver the vessel unless the contract was in writing and signed by them. The vessel was awarded to the plaintiff. The Chicago and Rock Island suit was again before Judge Cardozo on Saturday. It was intended that the main questions, namely, the appointment of a Receiver of the road, and the continuance of the injunetion against its officers, should be argued; but as the officers had refused to answer certain questions relating to their own action relative to the issuing of the new stock, the argument was confined to the question, whether they should be compelled to answer these questions, and the other motions were again postponed. Surrogate Tucker of New-York has granted letters of administration on the estates of Patrick Connor, Samuel M. Fox, Jacob Stephen, Carl Schaus, Fannie Tompkins, Peter Daly, Samuel Ellison, Edward Lenthery, Patrick McGovern, Jennie Newton. Charles L. Ruhl, John F. Gant, Karl Haarmer, George W. Blauck, George W. Horrard, Herman Richenback, Meyer Born, George R. Wilson, James Williams, Donette Banm, Eliza Baum, James Cullen, Catharine Griesel, Catharine Gregory, Albert Reimers, Susan Williams, James M. Revier, John Alfred, James Wall, Christian Mack. In the Supreme Court, at Chambers, Calvin P. Bailey, Receiver of the Croton National Bank, instituted suit against John T. Rathbun. The action was on a promissory note for $20,000. The defendant, in his answer, admits the making of the note, but avers that it was made for a particular purpose;" was delivered to the officer of the Bank for that purpose; but that said Bank never used it as directed. The plaintiff now moves to have the answer made nore definite, under section 160, of the Code of Procedure, on the ground that the precise nature of the defense is not apparent. Judge Cardozo held that the portion of the answer quoted alleges an agreement, and must be amended, so as to set forth the terms thereof, and the alleged breach with precision.

18. August 21, 1872 New-York Tribune New York, NY
Article from New-York Tribune, August 21, 1872

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NEW-YORK CITY. Music at Mount Morris-square at 41 p. m Controller Green paid, yesterday, the Bouleto vard laborers their wages to Aug. 10, amounting $43,000. The third annual picnic of the St. Patrick's Wood to-morrow. Mutual Alilance Association will be held at Jones's The great Southern mail, from New-Orleans Richmond, was delayed yesterday morning, the cars and having been thrown from the track near Trenton, N.J. The Sangerrunde of this city will serenade Assistant Alderman Radde one evening in this week, in of his efforts to obtain concerts in will the Central Park acknowledgment Sunday Other German societies probably join in this ovation. In the case of Robert Walker, executor of estate of Prof. Morse, against John P. Lindsey, to the ball and offered, the the Messrs. Mann and Parsons, the plaintiff's attorney, defendant's ob bondsmen fected yesterday must now justify before the court or new bail must be found. The final dividend of 81 per cent of the Croton National Bank, which suspended in the year 1867, J. was paid, yesterday, to the creditors by order of John This Knox, Controller of Currency, No. 29 Nassau-st. first payment total dividend of 88 per cent, the makes of 50 per cent, and the second of 30 per cent, having been pain some time ago. The Principal of the Turner school reports in that at present 837 boys and 60 girla are instructed Turner gymnastics. The instructors are Eifler, Prin. H. Metzner, W. Heeseler, F. Rosenbaum, P cipal; and Felix Eifler. The cadet corps is compo of Schmidt, 130 boys, who receive a military education under the instruction of Capt. H. Benneeke, Application has been made to the New-York Stock Exchange to place upon the stock list the First Mortgage per cent steriing bonds of the Milwaukee and Paul Railway Company (St. Paul Division), the Erie in St. Mortgage per cent Gold bonds, bring DelaRailway and the 7 per cent Convertible bonds of the ware, 1920, Lackawanna and Western P illroad Company. In the case of Jeremiah Savage, W ho was committed at the Special Sessions by one Justice, and sent to the school-ship writ of habeas corpus was made returnable yesterday morning in Supreme Court Chambers Counsel called the attention of the court to the fact that and decided the Commission ners had merely sent the that commitment it was not suggestion of the prisoner. Judge Barrett counsel granted an return, and on Ble the to-day to show cause why the Commissioners order returna should not be punished for contempt in not making proper return. A number of privates of the 11th Regiment held a meeting at the Walhallr in Orchard-st., last night, alfor the purpose of taking action in reference to the leged illegal prosecution of Capt. Brandeis for violation procession law, the officers to whom satisfaction. the case of the submitted having neglected to obtain Several was officers present counseled the privates hands to of the patient. and stated that the case was in the taken. and that in due time action would be Commit authorities, A long debate resulted in the appointment of a tee to attend to the matter. A new line of Ocean steamers will be established soon between Bordeaux and New-York, under the control.of Hutchinson of Glasgow. The first boat She the line, the Nada, is now lying at Pier No. 40, E R. the new in service been in the British India trade, but has which lately she been thoroughly efitted She for about 200 feet in length, and ene gngaged. when loaded 17) feet of water. She has accommo the vesdations draws for 52 passengers. Those who inspected which ignites examined signal light only last by evening contact with water, and will burn brilliantly for three quarters of an hour. BROOKLYN. An application will be made to Judge Tapto-day, for the release on bail of George Windley, pen, the brother of Miss Fanny Hyde, who witnessed the shooting of George W. Watson. The case of Frank Foe against Police InFolk, whom he charges with having clubbed unnecessarily spector on Aug. 3. was investigated by Justice Walsh, yesterday, and decision reserved. An attempt is about to be made to prove that Robert M. Whiting is not a legally constituted ment. Board of City Works, and the Corporation Alderber of the to furnish the Board of men S Counsel with will an be opinion requested as to the legality of the transactions of the Board The International Elevator Company is loadthe steamship Egypt with grain at the Atlantic who ing Dock, and on Saturday discharged two workmen members of the Trimmers and Grainers' Associaare other 20 workmen demanded, yesterday, the tion. The of the two discharged laborers. then instant reemployment refused. The remaining men was which the Company were boisterous, word 4 p. struck work, Police and, Central as they Office, and 50 police m. were The strikers sent stationed to the refused on the to pier resume from work, 10 a. but m. until did not attempt violence. LONG ISLAND. LONG ISLAND CITY.-The Water Board met yesterday, electing Mayor DeBevoise Paul and organized Judge Pearse Secretary Officer Chairman, charged and by John W. Farmer with assault with Heaney, to kill, was arrested Monday and bailed in The $1,500 Po intent at the next term of the City Monday Court. evening to appear issioners at their meeting on him, and exonerated lice Heaney from the charges against ordered his return to duty WASHINGTON SQUARE.-The barns lightning of Jacob during Van Liew the and Isaac Pettit were morning. struck and by were totally destroyed, storm with their 00 Monday contents of hay and grain. Loss $5,000. HUDSON RIVER COUNTIES. New-ROCHELLE.-At the inquest on the of Matthew Curran, murdered by John Cody on knock Cody Sunday body morning, Charles Curran Marshall senseless testified with yesterday some stones, large an that he saw and then leave him on the grass; Ain't that Cody you oath, shortly returned and said Curran with four times with hatchet; had dead yet!" and struck he muttered that he had that Cody went away Cody was rendered. The revenge. A verdict against also assaulted by Cody is still alive. a man Foley who was hurricane swept over KINGSTON A terrific Wawarsing last Friday portion of the town of all before it. Trees, afternoon, mowing down torn up and carried fences and buildings were H. Wager was struck and away. The barn of W. Three boy taking shelter completely demolished. the building at the Cove from the storm were was in killed. The other was time, and John Further extensive damage escaped uninjured being blown over, and many done, barns and outhouses destroyed. The typhoon it tuns of hay and grain were that pear tree shading passed near Wager's house and carried a considerable was sleigh distance. was twisted from the roots lifted by the wind and the ironbent and twisted. work Calvin Denning of Putnam Lake Valley, on was POUGHKEEPSIE drowned while bathing in Oscawana Monday. NEW-JERSEY. JERSEY CITY.-John Le Due, the Canadian Catholic priest arrested on Monday for yesterday. procuring Roman under false pretenses, was discharged gwindler Father money Beauderin testified that the alleged Ellen Carey was regularly ordained priest dead in Mrs. her bed vesterday 297 Grand-st., wasfour by apoplexy morning, Thomas of No. death having been caused Workman The Coroner's jury in the case crossing of the Pennsylvania killed at the Washington-st returned verdiet yesterday Railroad,on Thursdaylast of the company from blame the employes exonerating company use more The jury that the where the four cient means to protect the car crossing loads of peaches arrived occurred. .Ninety Pennsylvania Railroad yesterday over the reported yesterd nd Health cases of f small-pox were the disease Inspector Canuon denies that amountasserted by several physicians... in the $20,000 has been County Na ing to over Cashier of the Hudson George Kingsland, vaca ation tour to Europe some tional weeks Bank, ago, who accompanied sailed on a by a well 1-known elergy 0 had the

19. April 26, 1908 The Washington Herald Washington, DC
Article from The Washington Herald, April 26, 1908

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James C. Hallock, of Brooklyn, whose father originated the clearing house in America, and who has himself studied the subject of clearing houses for many years, said yesterday in an interview with a representative of The Washington Herald: "Thirty-two thousand depositors in Brooklyn, probably 100,000 in Greater New York, had accounts in failed banks last winter. of the "Millions have citizens distrust throughout Wall Union come to street as a stewpot of panics, which boils over unexpectedly. The American people would rejoice to see Congress enact a law which would protect the country against financial disturbance from that quarter. Favors Legislative Action. a few men in New York scream as If were to killed. would "Possibly they be than But even in battle many more are killed think they are going to be. However, it is true, I wish our Representatives would rise as one man and render harmless some New York/ bankers, who could be crushed as easily as a spider. "Understand that the principal banks in the city belong to a union; yet they let one of their number suspend and deserted five, forcing four to fail, so that for months there have been closed banks on whose dusty windows the passing throng have been reading a shameless advertisement of desertion in the soiled letters, 'Member of the New York Clearing House. "Cannot even its members be trusted? Now, though these broken banks suffered losses which their shareholders have had to bear, every one of the six will resume or pay depositors in full. "Their funds would have far exceeded their liabilities to depositors. if a little time had been allowed them to realize on their assets. Banking in New York Safe. in New York is conducted more safely than suppose. much "Banking since people National Not the Marine Bank failed, in 1884, with a net loss to depositors of $765,800, has a dollar been lost by depositors of failed national banks in the city of New York. The only other net loss that ever occurred was $25,612 by the failure of the Croton National Bank, 1867; that is to say, less than $800,000 years of of less than a year, in in an forty-five average national $18,000 banking, with no net loss at all for the past twenty-four years. "St. Louis has had only one net loss from the failure of a national bank, $38.428, in 1887, an annual average of less than $860. with no net loss at all for over twenty years. Chicago has had four small aggregating $462,453 since 1675. for of only $14,000 thirty-three years, no net net an the average losses, past annually with loss since 1893. "In short, the national banks of New York are so absolutely safe that they could guarantee each other's deposits without practically any risk. When the occurred on the Mercantile National runs Bank, First National Bank of Brooklyn, National Bank of North America, and New Amsterdam National Bank, all the other national banks in the city receive could without peril have offered to checks on them for deposit. What Existing Lew Requires, "National banks are required by law at par any and all notes or by other national to bills to receive issued banks. power Conunder its constitutional gress, promote the general welfare, should also compel the national banks of New York to accept checks on any of their number. "There can be no question that it would promote the general welfare. History shows that in this country no great panic anywhere but in New York, could not be one if at has and there started bank all there times checks on every national were accepted by all. "Bank notes are always received, bank that issued them may So, in New York, na- on banks should be though the national have though failed. the received bank checks drawn by on or bad, open or banks have lost nothing the tional were tional good banks, notes. closed. by And receiv- Nspar national bank would lose New on receiving national ing nothing at in banks the end of by York checks under other national banks in the city, all circumstances. Bank Assassinations. "Investigation would show that more New of the closed banks in banks than one assassinated by other York were The offense of bank assassination dethere. in its nature. To protect is criminal against the effects of bank of as- repositors the criminal character national sassination, accept checks on other recognized banks fusals' of to New York, should be the law of the land. New in refuse checks drawn temporarily on a "To bank. which, though meet York has sufficient funds to is a them by mischief embarrassed, any process of liquidation, which, if it form of malicious the bank, may annoy results in closing thousands of citizens, credi- with and their injure wives, children, parents, and of tors. "In New York thy it brother?" is the old And story he anCain. 'Where know is not. Am my What brother's hast swered: 'I the Lord said, keeper?' Then voice of thy brother's from the blood thou done? crieth to The me earth. York, Concern in New Mutual New York banks assert the since right "The their brother's keeper. following Ever the to be 1884, in the month the June 4. Marine National Bank, emfailure committee has for clearing of house the considered been it whenever it examine the interest of the powered, of the association, to and the any bank member from any member association, securities as to require amount and character for the committee might resulting the of protection such exchanges an of the of balances deem clearing sufficient house. bank from or the every non-member member same institution "Since 1890 submit clearing to through the members a examinahas had to of are as required tions