15579. Central Trust Company (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
October 2, 1900
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
0421fe1b

Response Measures

None

Description

Multiple articles report that receivers were appointed for the Central Trust Company of New York (appointment dated Oct 2, 1900). No mention of depositor runs or temporary suspension/reopening; the bank was placed into receivership/foreclosure actions, consistent with a suspension leading to closure/receivership.

Events (1)

1. October 2, 1900 Receivership
Newspaper Excerpt
In the case of the Central Trust company of New York, Judge Lacombe appointed Samuel Thomas of New York, Charles Kimball of Summit, N.J., and Albert C. Loring of Minneapolis, receivers to take charge of the mortgaged premises of the defendant company.
Source
newspapers

Newspaper Articles (5)

Article from The Globe-Republican, October 4, 1900

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Article Text

Receivers for the Flour Trust. New York, Oct. 2.-In the case of the Central Trust company of New York, Judge Lacombe appointed Samuel Thomas of New York, Charles Kimball of Summit, N.J., and Albert C. Loring of Minneapolis, receivers to take charge of the mortgaged premises of the defendant company. In a similar action between the same parties in the chancery court of the state of New Jersey, the same receivers were appointed and gave a joint bond of $75,000.


Article from Free Press, October 6, 1900

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Article Text

Receivers for the Flour Trust. New York, Oct. 2.-In the case of the Central Trust company of New York, Judge Lacombe appointed Samuel Thomas of New York, Charles Kimball of Summit, N.J., and Albert C. Loring of Minneapolis, receivers to take charge of the mortgaged premises of the defendant company. In a similar action between the same parties in the chancery court of the state of New Jersey. the same receivers were appointed and gave a joint bond of $75,000,


Article from Free Press, November 17, 1900

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Article Text

Receivers for the Flour Trust. New York, Oct. 2-In the case of the Central Trust company of New York, Judge Lacombe appointed Samuel Thomas of New York, Charles Kimball of Summit, N.J., and Albert C. Loring of Minneapolis, receivers to take charge of the mortgaged premises of the defendant company. In a similar action between the same parties in the chancery court of the state of New Jersey, the same receivers were appointed and gave a joint bond of $75,000.


Article from The Daily Morning Journal and Courier, February 12, 1901

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Article Text

IN AND ABOUT THE COURTS TWO MORE TAX APPEALS WITH. DRAWN FROM SUPERIOR COURT. Doings in the Courts This Week-New Action in Dore Case-Dillon & Douglas Sue-Cases in the City Court. Two more of the city tax appeals, the cases of George B. Miller and P. J. Cronan, which were set down for trial in the superior court this week, were withdrawn from the docket yesterday. Judging from the extensive withdrawals of these cases recently, Corporation Counsel Robertson, said yesterday, that he had little doubt that all of the appeal matters would be got through with before April 1. Of the 143 appeal cases which were originally brought, but 34 remain. Thirteen have been tried and the city has lost one and gained 12. The case that was lost-the Toof appeal-has been carried to the supreme court on an appeal. Most of the cases now to be tried are appeals from taxation upon property ont of the center of the city. There is but one piece of land in the center of the city upon which the tax rate is still unfixed-the Hollister property on Church street. The first case to be put on trial today will be that of Bradley. It is a short matter. The Hillhouse avenue cases will be taken up in a bunch tomorrow. IN THE COURTS THIS WEEK. ( These cases are down for trial in the superior court this week: Before Judge Roraback, the tax apt peal matters of Bradley, Chandler, a Cronan, Daggett, Dana, Hotchkiss, Potrer, Terry, Seymour, Davis, Kellogg and Deming. a Before Judge Wheeler and a jury: Bull vs. O'Brien and others, a dispute I over the settlement of a mechanics' lien upon the armory of the Hibernian Rifles in Wallingford. This is down for b to-day. To-morrow's case is that of h McNamara vs. Mattei, an action in which an effort is being made to collect damages for the injury received by the falling of a child into a new catch basin which the defendant had constructed in Fair Haven. The case of Wernsman vs. the Electric Cab company will come p f up for arguments as to betterments this morning at 9 o'clock. r In the common pleas: The Peck & 1 Bishop company vs. the Frankfort Chair company; Edward F. Meehan vs. A. D. Penney, Admin.; Harry Williams vs. the Leighton, Boynton & Ives C company; Richard P. Lowe vs. John Egan, et al.; Lewis C. Palmer vs. Samuel MacLaughlan, D.; Greene, Anthony & Co. vs. Joseph Levenstein; In re Bradlev. V DECLINED TO GRANT ORDER. So Judge Townsend in the United States h court, in the matter of the Central P Trust company, receiver, of New York G city, vs. the Worcester Cycle company, of Middletown, in this state, has had tl presented to him the matter of an order te which he was requested to pass, permitbe ting the disposal of the property for $0,th 800. The court refused to grant the motion on the ground that the offer in was an oral one.


Article from The Butte Inter Mountain, December 2, 1901

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Article Text

NEW PHASE OF CASE HELENA POWER AND LIGHT CO. IN FORECLOSURE SUIT. MINORITY BONDHOLDERS' PLEA Want Federal Court to Allow Them to Intervene in a Suit of Central Trust Company-Property May Be Sold. Helena Record: The minority bondholders of the Helena Power & Light company now ask the federal court to allow them to intervene in the suit of the Central Trust company of New York for the foreclosure of the mortgage on the property, under which suit Henry L. Walker was appointed receiver. It looks now as if the sale of the property of the company would not be a mere matter of form, as is usually the case in such suits. This new phase of the case came in a petition filed with Judge Hiram Knowles by W. A. Clark, Eugene T. Wilson, receiver of the First National bank of Helena, and A. J. Davis, president of the First National Bank of Butte, asking the privilege of intervention. William Wallace, Jr., and Root & Clark appear as attorneys for the petitioners. who are holders of one-fourth of the bonds. The petitioners allege that, in its complaint, the Central Trust company asks that the right of redemption be not granted; therefore, the petitioners ask the court to allow them to intervene to protect their right of redemption. The petitioners also declare that H. G. McInţire, the attorney who brought suit, was retained as an attorney of the Central Trust company, and that H. S. Hepner, who consented to the appointment of a receiver, was never regularly employed as attorney by the Helena Power & Light company. Then comes the allegation of the petitioners that Thomas A. Marlow, president of the Power & Light company, and H. M. Parchen, vice president, are connected with an organization formed for the purpose of buying in the property at the sale; they also declare that Harry L. Walker, the receiver, is a brother of a brother-in-law of H. M. Parchen. The petitioners further recite that the earnings of the Helena Power & Light company for last year, and so far this year, show that the company is not in debt except for its bonds, and that it is now making some money over expenses.