15574. Central Trust Company (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
September 1, 1875
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
e7b51d40

Response Measures

None

Description

Article (Sept 1, 1875) reports Central Trust Company opened in New York. By May 31, 1876 the New York Herald references the receiver of the Central Trust Company, indicating the bank had failed and entered receivership (permanent closure). No articles mention a depositor run; sequence indicates suspension/closure with receivership. Dates derived from newspaper publication dates.

Events (3)

1. September 1, 1875 Other
Newspaper Excerpt
The Central Trust Company opened for business this morning, with offices at the corner of Pine and Nassau streets. This Company organized with a capital of $1,000,000.
Source
newspapers
2. May 31, 1876 Receivership
Newspaper Excerpt
Judge Donohue ... made an order that the receiver of the Central Trust Company pay $5,508 ...
Source
newspapers
3. May 31, 1876 Suspension
Cause Details
Article does not state cause for suspension; court reference indicates bank had ceased normal operations and a receiver was in place.
Newspaper Excerpt
Judge Donohue ... made an order that the receiver of the Central Trust Company pay $5,508 ...
Source
newspapers

Newspaper Articles (2)

Article from Gold Hill Daily News, September 2, 1875

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Article Text

LATE TELEURAMS. European Demand for Musted States Bonds, NEW YORK, Sept 1.-Tha Evening Post says such is the demand for United States bonds in Europe that the Rothschild-Morgan-Seligman Syndicate, having charge of the sales of the new funding loan of 5 per cents., have been able to request the Secretary to call in anothor $5,000,000 of five-twenties, six per cents. The call will be issued this mlternoon, and will be limited to fivetwenties of 1864. The Central Trust Company opened for business this morning, with offices at the corner of Pine and Nassau streets. This Company organized with a capital of $1,000,000. The promoters and officers of the Company are among the best known merchants of New York. The President is Henry A. Spaulding. Murder is the Collieries. POTTSVILLE, Pa., Sept. 1.-There was much excitement at Shenandoah this afternoon, occasioned by the shooting of Thomas Sanger at Lehigh colliery. Sanger was inside boss for J. M. Heaton & Co., at Raven Run mines. He was shot by five men-all ing six bullets, and expired immediately. Another man, unknown, was also shot. The cause of the assassination is said to be that the miners became dissatisfied with Sanger n year ago and refused to work under him. They resumed labor, however, but since he has received coffins and notices to leave, or he would be killed. A later telegram says two more men have been shot. Tragic End or Clambuke. NEW York, Sept. 1.-The pilots of Hellgate and Long Island Sound gave a y clambake at City Island yesterday to Congressmen and other distinguished persons residing for the Summer on the Sound. Among the company were Signor Vianni, said to be in the suite of Count Carte, the Italian Minister. Atter the clambake the company enjoyed y themselves by making speeches and singing songs. Dr. Doremus announced that Signor Vianni would give a recitation in imitation of Ristori. Vianni took his position in the center of the group, his voice clear and well controlled, and his gesticulations highly dramatic. His limbs seemed to quiver with passion, ty while the expression of his face was startling. He finished with the expression, in Italian, "God, who judges all, E will judge this! He theu took a pishe tol from the pocket of his coat, and, E placing it to his temple, fired. He fell a partly on his face, perfectly motionless. of Applause commenced, when Doremus rushed forward, exclaiming: "He is killed! Many at first thought it part he of the entertainment. but on lifting his y body the horrible truth became manifest. Vianni lived for half an hour, but never spoke. No cause was ascertained ht for the terrible act. The Merchants" Exchange to Open n To-day. d SAN FRANCISCO, Sept. 1.-The Merat chants' Exchange Bank will open tomorrow morning. The President states personally that a sufficient amount of coin has been collected in the regular way of business to enable the bank to ae meet all demands. Notification of resumption will appear in the morning papers. There seems to be A loosening n in the money market, with returning d


Article from The New York Herald, May 31, 1876

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Article Text

THE COURTS. The civil courts, as a general rule, observed yesterday by abstaining from the transaction of business. As it is not, however, considered judicially a dies non; except for the purposes of commercial paper, some of the judges attended to such ex parte business as was presented to them by members of the Bar and needed immediate attention. in the suit of Richard P. Bruff against the Security Insurance Company. the facts of which have been already published, Judge Donohue, of the Supreme Court, made an order that the receiver of the Central Trust Company pay $5,508,* unsecured premiums,* to Lyman W. Bates, who represents 300 insurers in defendant's company. A foreclosure judgment was entered for $3,397 60 in the suit of Joseph J. O'Donobue against Thomas A. Ledwith and others. The mortgage which was foreclosed in this suit was on three lots situated on the southwest corner of Forty-first street and Ninth avenue.