15567. Central Park Savings Bank (New York, NY)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: savings bank
Start Date: November 26, 1875
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: ee7ba05f

Response Measures

Accommodated withdrawals, Partial suspension, Books examined

Description

Newspaper accounts (Nov 26-27, 1875) report withdrawals/run triggered by the failure of the Third Avenue Savings Bank; the Central Park Savings Bank closed, was placed in receivership (Isaac V. French) in early December 1875 and wound up. Bank is a savings institution (state-chartered).

Events (4)

1. November 26, 1875 Run

Cause: Local Banks
Cause Details: Withdrawals were triggered by the failure of the Third Avenue Savings Bank (panic spilled over to nearby savings institutions).
Measures: Officers closed the doors and invoked the sixty days' clause (limited withdrawals / closed to prevent further withdrawals).
Newspaper Excerpt: There was a run on the People's Savings Bank this morning... The Central Park Savings Bank is to be closed up.
Source: newspapers

2. November 27, 1875 Suspension

Cause: Local Banks
Cause Details: Immediate cause of suspension was withdrawal of deposits consequent on the failure of the Third Avenue Savings Bank; superintendent telegraphed to close the bank.
Newspaper Excerpt: The People's, Security and Central Park Savings Banks Suspended.
Source: newspapers

3. December 3, 1875 Receivership

Newspaper Excerpt: Isaac V. French, a lawyer, has been appointed receiver of the People's and Central Park Savings Banks. Mr. French will enter upon the discharge of his duties this morning.
Source: newspapers

4. January 3, 1876 Other

Newspaper Excerpt: The committee reported that they had ascertained that most of the depositors' money had gone into the pocket of the late President of the bank, Thomas Gearty... Counsel had advised that the President should be sued as well as the trustees for the money found to have been illegally taken from the bank.
Source: newspapers

Newspaper Articles (18)

1. November 26, 1875 The Cincinnati Daily Star Cincinnati, OH

Article from The Cincinnati Daily Star, November 26, 1875

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Terse Telegrams. CHILLICOTHE, Nov. 26.-The venerable Joseph Sill, sr., died here yesterday. FLINT, MICH., Nov. 26.-Captain A. T. Chessman, an old resident, died yesterday. VIRGINIA CITY, NEV., Nov. 26.-Work was commenced in the new Ophir works yesterday. NILES, MICH., Nov. 26.-The Alder fruit preserving establishment burned yesterday. Loss $5,000. COLUMBUS, O., Nov. 26.-Daniel Hallerman, a Short-line switchman, was killed by the cars this morning. LONDON, Nov. 26.-The purchase of the Suez Canal by Great Britain meets with general approval, both on the part of the people and the foreign authorities. SAN FRANCISCO, Nov. 26.-An anonymous correspondent of the Portland Oreganian, says: Capt. Howell, of the lost Pacific, was 80 intoxicated when the boat left that he had to be led on board. NEW YORK, Nov. 26.-There was a run on the People's Savings Bank this morning, but the officers took advantage of the sixty days' clause, and shut the doors. The Central Park Savings Bank is to be closed up.

2. November 27, 1875 New-York Tribune New York, NY

Article from New-York Tribune, November 27, 1875

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BANK EXAMINATIONS. STATEMENT OF SUPERINTENDENT ELLIS-THR SECURITY, THE PEOPLE'S AND CENTRAL PARK SAVINGS INSTITUTIONS. In conversation with a reporter of THE TRIBUNE last evening, Bank Superintendent Ellis said that he would not say a word about any other banks, except those which have already suspended or have had receivers appointed. He had not, he said, applied for a receiver, except in the cases already known, but he would not state whether he contemplated applying for receivers for other banks. Most, if not all, of the unsound banks had less than $500,000 of deposits, he said, and they were new banks which had been established within the last six or eight years. The old and large banks were all perfectly safe, and the number of "abaky" ones was very small. Mr. Ellis thought that if the press treated the matter carefully, all of the unsound banks would be "weeded out" without any trouble or excitement. In his opinion, the Legislature had allowed too many savings banks in this city, and the result was that none of them made as much money as they used to do, while some of them became entirely without support. In reference to the banks which have recently suspended Mr. Ellis was more willing to speak. The Central Park Bank, without giving notice to him, had built its costly new building at Third-ave. and Forty-eighth-st. He found that the cost of the new building and lots was $76,000, and that all the interest held in it by the bank, the lote being mortgaged, was $5,000 less in amount than the sum due to depositors. He refused to permit the removal unless the $5,000 was made good to the depositors, and 5 or 6 per cent surplus was added to the assets. Mr. Gearty, the Prestdent, then made up the $5,000 himself, and sueceeded in raising besides about $1,000 to insure the depositors. Last Sunday Mr. Ellis said he telegraphed to close the bank. He thought it possible that the new building might be sold for enough to pay the depositors in full. The Security Bank, he thought, would be able from present appearances to pay its depositors in full. The People's Bank was in a worse condition. The depositors would probably get about 80 cents on a dollar. Mr. Ellis had applied for a receiver for this bank on Nov. 11, but it suspended before a receiver was appointed. He had nothing to do with the appointment of receivers himself. CONDITION OF THE CENTRAL PARK SAVINGS BANK. The President of the Central Park Savings Bank said last evening that no receiver had yet been named. The bank was closed all day yesterday. Mr. Gearty stated that the immediate cause of the suspension was the withdrawal of déposits, consequent on the failure of the Third Avenue Savings Bank. The only assets of the bank were the new Eve-story brick building at Thirdave. and Forty-eighth-st. and the lots it occupies. These lots earry two mortgages, amounting in the aggregate to about $36,000. The building is mineumbered. The amount of deposits at present, Mr. Gearty said, was less tban $40,000, and the total liabilities of the bank were about $76,000. The depositors are mostly laborers, who have small sums invested, but someof them possess considerable property. The bank was organized in 1867. It formerly made money, but has recently ceased to do 80. Many changes have taken place among its managers, and these, Mr. Gearty seemed to consider unwise and a source of the bank's trouble. [For Other News concerning Banks, see Second Page.]

3. November 27, 1875 New-York Tribune New York, NY

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WITH SUPPLEMENT. THE NEWS THIS MORNING. FOREIGN.-The British Minister, Mr. Layard, reThe fused at Bilbao a visit from Gen. Burriel. Public Prosecutor at Berlin charged Count von The sale of the KhéArnim with treason. dive's shares in the Suez Canal to the British Government was confirmed. DOMESTIC.-The funeral of Vice-President Wilson at Washington took place in a rain, but was very large; Dr. J. E. Rankin delivered a eulogy; the funeral train was impressively received in Baltimore, and, after remaining in that city some hours, left for The full $250,000 Philadelphia at 6:25 p. m. for the new Cincinnati Musical Hall has been raised. The schooner Sunshine was overturned off At the Columbia River, and 40 people lost. the Avery trial in St. Louis, it was said that Secretary Bristow is interested in the whisky firm of Newcomb, Buchanan & Co. of Louisville, and a A. B. Stoughthreat was made to indict him. Chief-Justice ton, a Washington lawyer, died. Waite refused to allow his name to be used for the Presidency. CITY AND SUBURBAN.-Plymouth Church decided upon calling a mutual council. The People's and the Central Park Savings Banks closed their doors, and a receiver of the Manufacturers' and Builders' Bank, a State institution, was appointed. Argument was had on the motion to release William M. Tweed from arrest or reduce his bail in the $100,000 The testimony was closed in the Scansuit. noll trial. Preparations were completed for the reception and escort of the remains of ViceCardinal McCloskey rePresident Wilson. The Legislative Comturned from Europe. mittee on Crime visited the House of Refuge. Three children were suffocated by the falling of an Gold 1143g, 11412, embankment in Brooklyn. 11412. Gold value of the legal-tender dollar at the close, 87 310 cents. THE WEATHER.- The Government report predicts cold and clearing weather. In this city, yesterday, the day was mild and very rainy; thermometer, 41°, 49°, 48°.

4. November 27, 1875 The New York Herald New York, NY

Article from The New York Herald, November 27, 1875

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Failure of Four Institutions Yesterday. CONSTERNATION ON THIRD AVENUE The People's, Security and Central Park Savings Banks Suspended. Winding Up the Manufacturers and Builders' Bank. THE PROSPECTS FOR DEPOSITORS. That Third avenue is an unfortunate location for financial institutions was fully demonstrated yesterday by the closing up of four banks-viz., the People's Savings Bank, the Security Savings Bank, the Central Park Savings Bank and the Manufacturers and Builders' Bank of Deposit. The sudden collapse of these banks, following 60 quickly upon that of the notorious Third Avenue Bank, caused no little consternation among all classes of citizens, and it was no infrequent thing to hear loud and angry language uttered against all banking institutions generally, and particularly against the officers of the three savings banks already named, for having, as it was claimed, continued to receive people's money when they must have been aware of their insolvency. Owing, perhaps to the heavy rain storm, there were but few of the unfortunate depositors who visited the premises where their money is locked up. In fact, bnt for the closed doors and the presence of a policeman on guard one would have passed by without knowing that anything so serious as a stoppage had occurred. Even the few unfortunates who did visit the broken banks were assured in the most dulcet tones by the different officials that their money was perfectly safe and they would only have to wait a short time to get it in full, dollar for dollar. However, it appears from all the inquiries that were made that, with the exception of the Manufacturers and Builders' Bank, there is considerable doubt about the capability of any of the others to meet their liabilities, except, perhaps, at a very heavy discount. The statements of the several banks and the information obtained from the officials 18 given herewith. THE CENTRAL PARK BANK. The announcement made by the HERALD that a receiver had been appointed to wind up the affairs of the Central Park Savings Bank doubtless prepared the depositors for the closing of the doors yesterday morning, for there was nothing like any of the usual entitement around the premises that is usually attendant on a bank failure. In fact there was no one present in the offices through the day either to give information or answer inquiries. The President and Vice President could not be found and no statement could therefore be obtained from them as to the assets and liabilities. The following, however, correctly sets forth the condition of the bank last January, as sworn to by the officers and reported to the State Superintendent:-

5. November 30, 1875 The Sun New York, NY

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Why Mr. Blessing Resigned. To THE EDITOR OF THE SUN-Sir: T was elected a trustee of the Central Park Savings Bank without my knowledge or consent, two months before its suspension. At the first meeting I attended I called for a statement of the bank's condition, which was not given until a month afterwards, when I discovered that it Was in a crippled condition which I thought could be remedied by each trustee paying in a pro rata share which would enable the bank to pay its depositors. A few others with myself paid $250 aplece, white the majority held off and would not pay anything. When they failed to do as they agreed 1 resigned my positien as trustee. When 1 left the bank it was $2 0 better off, while I Was that much out of pocket. FRANCIS BLESSING.

6. November 30, 1875 The New York Herald New York, NY

Article from The New York Herald, November 30, 1875

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THE CENTRAL PARK BANK. NEW YORK, Nov. 29, 1875. To THE EDITOR OF THE HERALD:Knowing that it 18 your desire to do justice in all cases, allow the to occupy a short space in your columns in reply to a few paragraphs which appeared in your issue of the 27th inst. in relation to the suspension of the Central Park Savings Bank. I never received

7. December 3, 1875 New-York Tribune New York, NY

Article from New-York Tribune, December 3, 1875

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WEAK BANKS TO BE WEEDED OUT. SUPERINTENDENT ELLIS determined TO ERADICATE UNSOUND SAVINGS INSTITUTIONS-A RECEIVER FOR TWO BANKS. A reporter of THE TRIBUNE called on D. C. Ellis, State Superintendent of Banks, at the Metropolitan Hotel, last evening, and had a long conversation with him in relation to the condition of the savings banks in his city. Among other things Mr. Ellis said The worst is now over. I shall act carefully, cautiously and prudently, but I am determined that every unsound savings bank in this city shall be closed by the end of this month. The Examiners of the Bank Department have been hard at work for several months. and only solvent banks will remain in operation at the beginning of the new year. Very few banks will be closed. I shall compel the trustees of the weak banks to secure the depositors fully by advances of cash or approved securities. A very few banks whose deposits will not yield sufficient income to meet expenses must retire from business. The monetary condition of the country is against them. They are struggling against fate, and it is impossible for them to gain strength as there is nothing from which they can support themselves. Early in the present year I examined with great care every annual report of the banks, and marked those whose affairs seemed to require immediate examination. I came to this city and consulted with the leading bankers and merchants, and guided by their advice, I felt my way quietly but surely, until I understood fully the condition of things. There were so many millions of dollars involved, and the interests of thousands of depositors to be cared for and protected, that it would have been highly improper for me to have acted rashly. I have not acted on my own unsupported judgment, but have been advised by the best men in all positions in society. I am now undoing the bad work of Legislatures of previous years. With the new Savings Bank law and the difficulties in the way of getting charters, new banks will be established only when and where the needs of the people demand them. The new law also limits investments within a narrow circle. Mr. Ellis stated that the Security Bank had been found by the examiners to be perfectly safe, and he supposed it would resume business early next week. He had no fault to find with the bank. As to the Mutual Benefit Savings Bank, he remarked that the trustees were men of spirit and energy, and they had asked for a week's delay in which to put the bank on a sound basis. He had given them time, and the result would be made known by Monday. There was nothing against the Mechanics' and Traders' Savings Bank, and he had been surprised to learn that a run had been made on it. It is understood that Mr. French, a lawyer, has been appointed receiver of the People's and the Central Park Savings Banks. He will probably enter upon his duties to-day. There is so small an amount to be handled in the last named bank, that it was not considered advisable to appoint a separate receiver for it.

8. December 4, 1875 New-York Tribune New York, NY

Article from New-York Tribune, December 4, 1875

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SAVINGS BANKS. The trustees of the Mutual Benefit Savings Bank, in Tryon-row, after their meeting last Saturday, when they resolved to require the 60 days' notice for the withdrawal of deposits, and to receive no more deposits, communicated their action to Superintendent Ellis of the Banking Department, at the same time requesting that he would allow them one week in which to decide whether the bank should resume or go into liquidation. This was given. In the interval It is stated that vexations suits have been commenced, and after much deliberation it was concluded to be the best policy to go into liquidation. The deficiency reported by Mr. Reid, the bank examiner, amounts to $22,700 (which is about 5 per cent on the amount of deposits), about $9,000 of which is for interest due depositors since July 1, 1875. Isaac V. French, a lawyer in Willfam-st., has been appointed receiver of the People'sand Central Park Savings Banks. The total amount of their liabilities will not exceed $250,000. Mr. French will enter upon the discharge of his duties this morning. He is a young man, but is said to have had considerable experience in banking matters.

9. December 9, 1875 The Eaton Democrat Eaton, OH

Article from The Eaton Democrat, December 9, 1875

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TOO MUCH MONEY! COVINGTON, Kr., Nov. 27.-It falls to our lot to record another big brewery failure. A deed of assignment from Henry Niemeyer, jun., to H. P. Whitaker was lodged for record in the County Clerk's office yesterday. NEW YORK, Nov. 26.-The Manufacturers' and Builders' Bank, at Third avenue and Fifty-seventh St., suspended this morning. The excitement among the depositors is in tense. There was a run on the People's Savings Bank, Third avenue, this morning and the officers closed the doors, taking advantage of the sixty days' notice. This bank was affected, with others, by the 1un on the Third Avenue Savings Bank a short time ago. There W?S also a slight run to-day on the Security Savings Bank. The Central Park Savings Bank, a comparatively small institution, is to be wound up by the State Superintendent, at the request of its President. NEW YORK, Dec. 1.-R. & P. Lawrence, heavy stationers in Maiden Lane, announce to their creditors their inability to continue their payments. They promise a prompt state ment of their affairs when a meeting of creditors will be called. NEW ORLEANS, Dec. 1.-The Bank e of America has suspended. The Board of Directors resolved to cease operations and put the bank into liquidation at once. NEW YORK, Dec. 1.-The failure of John Thompson & Co., No. 441 Broadway, and No. 15 Mercer street, hair and fancy goods, is announced. u MT. VERNON, Nov. 29.-Several business men and farmers hereabouts e have made assignments recently. n NEW YORK, Dec. 2.-The failure of B. & P. Lawrence, stationers, Maiden Lane, is likely to be a heavy one, though much of the indebtedness is n to foreign houses. The liabilities of e Abrahan Bogardus, photographer, whose failure is announced, are esti0 mated at $35,000. He claims if his n creditors will allow him time he will y pay in full.

10. January 3, 1876 The New York Herald New York, NY

Article from The New York Herald, January 3, 1876

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CENTRAL PARK SAVINGS BANK. The meeting of the Depositors' Committee of the Central Park Bank, which should have been held on New Year's day, was held yesterday afternoon at the Brevoort Assembly Rooms, Fifty-ninth street and Third avenue. The committee reported that they had been unable to obtain any satisfactory information from the receiver, Mr. French, and it was understood that be was about to dispose of the bank property at # great sacrifice to the depositors. The committee also reported that it had ascertained that most of the dopositors' money had gone into the pocket of the late President of the bank, Thomas Gearty, who is a builder. Gearty put up the bank building as it now stands, receiving in cash $75,000 and a mortgage of $35,000. Counsel had advised that the President should be sued as well as the trustees for the moneya found to have been illegally taken from the bank. The committee then decided to call a meeting of the depositors at an early day and then determine upon what steps shall be taken against the receiver, the President and the trustees.

11. January 6, 1876 The New York Herald New York, NY

Article from The New York Herald, January 6, 1876

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CENTRAL PARK SAVINGS BANK. A meeting of the committee appointed by the depositors of the Central Park Savings Bank at their last meeting was held last evening at Brevoort Hall, Mr. George J. Wood presiding, and the other members of the committee, Messrs. Timothy Donovan, John Burlanson, Horatio F. Averill and Francis Durning, being present. It was stated that the total amount of the bank's liabilities was $77,388 23, while the assets were estimated at about $66,650. Mr. Averill, who is also counsel to the depositors, submitted a report setting forth that he had seen some of the officers of the suspended institution and also the receiver, and that the latter signified his willingness to prosecute the trustees civilly and even criminally, if the depositors thought it necessary. According to the report, Mr. Thomas Gearty, the last president of the bank, states that he and Mr. Redman and Mr. John G. Cary, the vice president, took a deed of the property at the corner of Third avenue and Forty-eighth street, at the request of the trustees, for $74,500, giving the owner $10 000 cash and their individual mortgages for $64,500. The bank, he says, has follows:-

12. January 12, 1876 New-York Tribune New York, NY

Article from New-York Tribune, January 12, 1876

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THE MUTUAL BENEFIT SAVINGS BANK. Ashbel P. Fitch, counsel for the depositors of the Mutual Benefit Savings Bank, obtained an order yesterday from Judge Donohue of the Supreme Court, requiring William F. Aldrich, receiver, to show cause at the Special Term, on Jan. 14, why he should not be removed. The depositors complain that they are dented access to the books and accounts of the bank: that they have reason to believe that the assets have been grossly mismanaged and misapplied by the trustoes, who have thereby subjected themselves to criminal prosecution and pecuniary liability; that it is impossible to ascertain the facts in regard to the irregularities of the trustees, except through an examination of the books and records by an expert. The depositors further claim that Mr. Aldrich, while Bank Examiner, made incorrect reports of the suspended Mutual Benefit, Central Park, German Uptown, and Third Avenue Savings Banks. It is understood that Mr. Aldrich will deny all the material allegations in the petition, and claim that his reports as Bank Examiner were true and correct, according to the books of the banks at the time he examined them.

13. February 10, 1876 The Sun New York, NY

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THE CENTRAL PARK BANK. An Institution without Responsible Trustees -A Thritty President. The depositors of the broken Central Park Savings Bank met last evening in Brevoort Hall to hear the report of their Executive Committee that has been investigating the affairs of the bank. The report sets forth that the committee had applied to seventeen reputed trustees of the bank. but some of those gentlemen asserted that they never were trustees, others that they had resigned, and others neglected to answer at all. A subsequent examination of the minute book showed that sixty-three trustees and officers had been elected in the short life of the bank, but there was nothing to show who were the trustees at the time of its suspension. The total assets of the bank were comprised In the bank lot and building, and asicall amount of furniture. Of cish in hand there was none. and the cash in bank was only $95, and that was safely deposited in the Manufacturers' and Builders' Bank, itself a bankrupt concern. The bank lots cost $74,500, and the building $32,000. A significant fact was that the building of the bank was given out on contract, and the builder was Mr. Thomas Gearty, its own President. The report showed by figures that this gentleman, by subletting his contr. ct. made $4,300 without touching a stone or driving it nail. There was a claim set up by Mr. Gearty that he had refunden this profit to the bank, but this the committee could not substantiate, The report asserted further that from the time of the organization of the bank until the day its doors were closed it was insolvent, and its officers and trustees were cognizant of that fact. The report concluded with a proposition made to the committee by Mr. Gearty, that taree arbttrators be appointed to decide the questions at issue, and fix the amount due by the trustees to the depositors. Whatever their decision might be, he (Gearty) would pay his share. This proposition could not be accepted, as the bank is in the hands of a receiver. The bank owes its 991 depositors $40.888, and should its building sell at what is estimated a fair market value. the liabilities in the way of mortgages, back taxes, &c., are so large that not over ten per cent. of the deposits can be paid.

14. April 3, 1876 New-York Tribune New York, NY

Article from New-York Tribune, April 3, 1876

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SUSPENDED SAVINGS BANKS. A SUIT BY DEPOSITORS OF THE CENTRAL PARK BANK -CONDITION OF THE GERMAN UPTOWN SAVINGS BANK. The depositors of the Central Park Savings Bank have instituted proceedings, through Barlow & Olney, counsel for Isaac V. French, receiver, against Thomas Gearty, President; John G. Carey, Vice-President. and 18 trustees, for misappropriation of the funds of the bank. The complaint sets forth that the officers and trustees, in violation of law, declared dividends on a fletitious surplus, in order to deceive the depositors as to the true condition of the bank, and used the money of the depositors in the erection of a bank building, giving the building contract to Mr, Gearty, the President, and the painting to Mr. Carey, the Vice-President, at a large profit. Under the recent decision of Judge Westbrook, the depositors are stopped, as they are advised, from bringing criminal proceedings.

15. May 10, 1877 The New York Herald New York, NY

Article from The New York Herald, May 10, 1877

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THE COURTS. Continuation of the Central Park Savings Bark Trial. A TRIPLE ALLIANCE AND ITS CONSEQUENCE. The Proposed Abolition of the Marine Court. The case of the Receiver of the Central Park Savings Bank against the President and trustees of the bank, the facts of which have already appeared in the HERALD, was continued on trial, before Judge Donohue and a jury, in Part 1 of the Supreme Court, yesterday. After some additional testimony in relation to the action of the trustees in the purchase of the lots adjoining at the same time they purchased the lot on which the building was erected, Mr. Anderson, on behalf of the numerous counsel representing the defendants, made a motion for a nonsuit on the testimony which had been submitted on behalf of the plaintiff. This he urged on the ground that it appeared from the testimony that at the time of the purchase of the lots the bank was solvent, having assets equal to its liabilities; that not being a moneyed corporation they had to use the deposits for the purpose of providing a bank building as authorized by the charter; that they were authorized to purchase a lot, which they did, and that the title to the other lots was never vested in the bank, but only in the trustees, and no loss having been made by the negligence of the trustees, but only through the depreciation of real estate subsequent to the fall of 1873, they could not be held guilty of fraud or criminal negligence, but, if of anything, only improvidence. In opposition to the motion General Barlow contended that the evidence showed a violation of the law in having invested in real estate to an amount beyond that necessary for the business uses of the bank, and in this violation of their charter they had made themselves liable for the loss resulting therefrom. Judge Donohue held the motion under consideration until the opening of the Court to-day. The experts who had been examined on behalf of the plaintiff as to the loss resulting from the depreciation of the real estate differed considerably in their estimate, their calculations varying all the way from ten to thirty-five per cent.

16. April 2, 1878 New-York Tribune New York, NY

Article from New-York Tribune, April 2, 1878

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REVERSING A SAVINGS BANK DECISION. In the suit of Isaac V. French, receiver of the Central Park Savings Bank against Joseph E. Redman and nine other trustees, the Supreme Court. General Term, Judge Brady giving the opinion, has reversed a judgment at Circuit nonsuiting the plaintiff. The suit was to recover the loss incurred by the purebase of the lots, on one of which the bank building was erected. This purchase was made in 1873, and there was no proof that at that time the price paid was not fair, and on that ground the complaint was dismissed. Judge Brady. however, holds that in view of the fact, that the bank was not at the time of the purchase a success, that for three years previous its payments had exceeded its income, it should have been left to the jury to say whether the purchase was justifiable or a speculation or such a lack of judgment as to make the trustees liable. Francis C. Barlow appeared for the plaintiff; E. E. Anderson for the defendants.

17. April 25, 1878 The New York Herald New York, NY

Article from The New York Herald, April 25, 1878

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$5,000 damages was brought against the city by the child's father, Lesser Goldstein, and the trial resulted before Judge J. F. Daly, in the Common Pleas Court, yesterday, in a verdict for $1,375. The defence was that the accident occurred through the child's negligence. The trial of Jacob Berry, late proprietor of the Columbia Opera House, on the charge of keeping a disorderly establishment, was commenced yesterday in the Court of General Sessions before Recorder Hackett, the accused being represented by Messrs. Charles W. Brooke, William F. Kintzing and James D. McCielland. In response to Assistant District Attorney Bell, who conducted the case for the prosecution, Moses S. Meeker and Witham Waite, agents of Dr. Crosby's Society for the Prevention of Crime, testified ibat on the 11th, 13th and 15th of February last they visited the premises mentioned, and were present at an immoral performance in violation of law. Mr. Brooke subjected the witnesses to a cross-examination, and the further hearing of the case was adjourned until this morning. in the suit brought by William Libbey against Moses S rasburger, the facts of which have been published, and which was taken on appeal to the Supreme Court, General Term, from an order denying the defendant's motion for a stay of execution, the General Term have affirmed the order appealed from. George W. Duer and Lawrence D. Kiernan, executors of the will of the late James Kelly, applied yesterday to Judge Donohue to have their accounts examined. Judge Dononue appointed Pailo P. Ruggles referee for such purpose, and also empowering him to determine the apportionment to be made, after securlug an annuity to Jane M. Forrest, of the residue of the estate among the rious religious and charitable institutions mentioned in his will. Judge Lawrence gave a judgment yesterday in favor of Isaac V. French, receiver of the Central Park Savings Bank, in the suit brought by him against Thomas Gearty, former trustee of the bank. The suit was upon eleven dividends claimed to have been illegally made. The amount of the judgment was $18,988 88. In respect to a mortgage upon the bank building erected by the delendant he decides that the advances upon the building must be paid by the bank before the mortgage can be declared void. The trial of the suit 01 William Nelson against the city was begun yesterday before Judge Van Brunt, in Supreme Court, Part 1. This is the second trial of the action, the complaint having been dismissed on the first trial upon technical grounds, which were reversed by the Court of Appeals some three years ago. The action is brought to recover $54,000 and interest for an alleged balance due on a contract for furnishing vitriged stoneware sewer pipe. The contract was made 112 April, 1871, when William. M. Tweed was Commissioner of Public Works, and the city alleges is was entered into between Tweed and the plaint with a fraudulent intent to make the city pay more for the pipe than 11 was worth, and the profits of the contract he was to share with Tweed. A feature of the trial 18 the admission of the tesumony given by Tweed in regard to the contract before the Aidermanic Committee. Mr. Henry L. Cinton appears for the plaintiff; Corporation Counsel Whitney and E. Henry Lacombe for the delendants. William Schwarzett, a German, invested some four years ago about $8,000 in the first mortgage bonds of the New Jersey Midiand Railroad Company upon the advice, as he alleges, of James McBride. He purchased some bonds at 90 and some 92½ per cent, the same at the time not being worth over 55, and now not worth over 30 per cent. He 18 usable to collect his interest, and the road has since passed into the hands of a receiver. The Case came to trial yes. terday before Judge Freedman, in the Superior Court. The defence set up a general denial. Mr. G. W. Cottrell appeared for the plaintiff and Chauncey Shaler for the defendant. A novel feature of the trial was the testimony of the receiver of the Midland Railroad, who was placed on the stand and questioned at great length as to the present and past condition of the road.

18. February 12, 1879 The New York Herald New York, NY

Article from The New York Herald, February 12, 1879

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dollar in Louisiana. On the notes maturing and payment being refused the plaintiff brought suit to recover their full value. The defence set up that the composition operated as a satisfaction of these notes. Mr. Elliott F. Shepard, counsel for plaintiff, showed to the satisfaction of the Court that neither of the notes nor their holders were sufficiently described in the bankruptcy schedules to bind the plaintiff, and thereupon a verdiet was directed for plaintiff for $1,689 87, the full amount of both notes. Messrs. Chamberlain, Carter and Eaton appeared for defendants. An Italian named Teto Tedeschi, who said he was a tailor, residing at No. 332 East Eleventh street, was arraigned yesterday in Part 2 of the Court of General Sessions on two indictments charging him with felonious assault with intent to kill. It appeared that on the night of the 4th inst. he entered the ten cent lodging house No. 94 Park street and asked for lodging. While waiting there he made improper advances to the landlady, which she promptly resented. Frank Gaffney and Franco Lubardo at once interfered on behalf of the landlady, when Tedeschi drew a stiletto and stabbed both of them, inflicting severe wounds. Tedeschi was seized and conveyed to the station house. When the prisoner was placed at the bar vesterday by Assistant District Attorney Lyon he pleaded guilty to one indictment, and Judge Cowing sent him to the State Prison for five years at hard labor. Benito Gurtar, a Cuban, was also arraigned on the charge of stabbing Amenia Pasquail, of No. 160 Greene street, in a fit of jealousy, cutting her severely in the car. The prisoner was sent to the Penitentiary for one year. The second trial of a suit brought by Isaac V. French, receiver of the Central Park Savings Bank, against Joseph E. Redman and other trustees of the bank. has been commenced before Judge Van Brunt, holding Supreme Court, Circuit. Some of the late trustees have settled the claims against them, but the defendants, not deeming themselves responsible in the premises, contest the suit against them. It is claimed that the trustees in the purchase of the lots on which the bank building was erected entalied a loss of $20,850, and that they should be liable for such loss. At the former trial Judge Donohue dismissed the complaint, holding that the action of the trustees was an error of judgment and that they therefore should not be held accountable for the loss. The General Term reversed this judgment and ordered the new trial, which is now in progress. Messrs. Barlow & Oluey appear for the plaintiff, and ex-Judge Cardozo, Abram Wakeman, Anderson & McMann and Addison & Brown and others for the defendants.