Dm Torrey Banking Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: March 26, 1910
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 242c0cb9

Response Measures

None

Description

Article (New-York Tribune, 1910-03-26) reports doors closed with sign 'Business suspended for the present' and a petition in bankruptcy filed alleging insolvency and preferential payments. No mention of depositor run or reopening; bank appears to be insolvent and facing bankruptcy/receivership. Corrected OCR name 'Dm' to 'D. M.'

Events (3)

1. March 26, 1910 Other

Newspaper Excerpt: A petition in bankruptcy was filed in the United States District Court yesterday against David M. Torrey, trading as the D. M. Torrey Banking Company, at No. 147 Nassau street, by Frederick H. Hoffman, a creditor for $1,280.... The allegations were that Torrey was insolvent, made preferential payments of $1,000 and removed property and other assets. An attachment against Mary E Torrey and Charles Stokes was levied yesterday ... The doors of the banking place were closed and a sign said: Business suspended for the present.
Source: newspapers

2. March 26, 1910 Receivership

Newspaper Excerpt: A petition in bankruptcy was filed in the United States District Court yesterday against David M. Torrey ... by Frederick H. Hoffman, a creditor for $1,280 ... (bankruptcy petition/receiver process).
Source: newspapers

3. March 26, 1910 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Petition in bankruptcy filed alleging insolvency, preferential payments and removal of assets; creditors claiming deposits; bank closed its doors.
Newspaper Excerpt: The doors of the banking place were closed and a sign said: Business suspended for the present.
Source: newspapers

Newspaper Articles (1)

1. March 26, 1910 New-York Tribune New York, NY

Article from New-York Tribune, March 26, 1910

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Article Text

PETITION AGAINST D. M. TORREY Allegations of Insolvency Against Banker by Dépositors. A petition in bankruptcy was filed in the United States District Court yesterday against David M. Torrey, trading as the D. M. Torrey Banking Company, at No. 147 Nassau street, by Frederick H. Hoffman. a creditor for $1,280, balance of money deposited between January 1, 1908, and March 23, 1910. The allegations were that Torrey was insolvent, made preferential payments of $1,000 and removed property and other assets. An attachment against Mary E Torrey and Charles Stokes was levied yesterday by the Sheriff for $1,750 in favor of James E. Willis & Son for money deposited between February 11 and March 18. The doors of the banking place were closed and a sign said: "Business suspended for the present." About a year ago Mrs. Mary E. Torrey filed a certificate of trade style, that she was carrying on the business under the name of the D. M. Torrey Banking Company. Mr. Torrey, who has been in the business of banking and as a money broker for many years, made an assignment on October 14, 1898, to Joseph Laux, his schedules showing liabilities of $12,385 and asets of $654. A petition in bankruptcy was filed against him on December 18 of the same year, and he received his discharge on March 29, 1899.