15821. Federal Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 16, 1911
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
89feb1e0

Response Measures

None

Description

All articles refer to the Federal Bank as a defunct/failed institution with a receiver and investigation into funds stolen by its president David Rothschild. There is no description of a depositor run or a contemporaneous suspension; the bank is already closed and in receivership. Cause of failure cited in the articles is bank-specific adverse information (the looting/embezzlement by Rothschild). Dates given are publication dates referencing the ongoing recovery/search in 1911–1912; failure occurred earlier (Rothschild died in 1907), but that earlier date is not definitively stated as the suspension date in these articles.

Events (3)
1. November 16, 1911 Receivership
Newspaper Excerpt
attorney for the receiver of the defunct Federal Bank, of New York, which Rothschild looted. (Newark Evening Star and Newark Advertiser, 1911-11-16)
Source
newspapers
2. November 20, 1911 Other
Newspaper Excerpt
The search for the loot of the defunct Federal Bank, being conducted by George W. Glaze, attorney for the receiver of the failed institution... (The Evening World, 1911-11-20)
Source
newspapers
3. December 1, 1911 Other
Newspaper Excerpt
Acting upon a telegram from Mrs. Eugene C. Batten... Mrs. Batten has given me two sets of keys... Systematic search is in progress under the auspices of the banking departments... (The Hartford Republican, 1911-12-01)
Source
newspapers

Newspaper Articles (10)
1. November 16, 1911 Newark Evening Star and Newark Advertiser Newark, NJ
Article from Newark Evening Star and Newark Advertiser, November 16, 1911

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ATTORNEY HOPES TO RECOVER $422,000 ST. LOUIS, Nov. 16.-"I have every confidence that my visit to St. Louis will result not only in the recovery of the $422,000 which Mrs. Eugene Batten has told of, but that it will lead to the ultimate finding of $1,000,000 of the funds of the institution, which her former husband, David Rotnschild, dominated and wrecked." This statement was made last night by George W. Glaze, attorney for the receiver of the defunct Federal Bank, of New York, which Rothschild looted. Mr. Glaze visited Mrs. Batten last night, but found her in the care of a nurse and too ill to enter into a discussion of the affair.

2. November 20, 1911 The Evening World New York, NY
Article from The Evening World, November 20, 1911

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NEW CLAIMANTS FOR STOLEN FUNDS BANK WRECKER HID 5,000 Globe Security Company Creditors Want the Million They Lost. FEDERAL CLAIMS ALL. Attorney for Receiver Has Two Keys Given Him by Rothschild's Former Wife. The search for the loot of the defunct Federal Bank, being conducted by George W. Glaze, attorney for the receiver of the failed institution, took a new turn to-day upon the announcement of Charles L. Brookheim, trustee of the defunct Globe Security Company, that he was going to claim a share in whatever moneys Mr. Glaze recovered with the two sets of keys he brought back from St. Louis Saturday. The keys were given Mr. Glaze by the widow of David Rothschild, who died in Sing Sing after wrecking both the Federal Bank and the Globe Security Company. "I represent five thousand creditors of the Globe Security Company," said Mr. Brookheim of the firm of Myers & Goldsmith. No. 100 Broadway. "We have claimed that $1,000,000 was stolen from the Globe Security Company by Rothschild, the banker. or his brother, Louis, whom we traced to Indianapolis, but never got hold of. Our supposition has been that Louis Rothschild received gertain moneys from his brother David and that he turned them over to a woman unknown to us." Mr. Brookheim acknowledged that the employment of William P. Hazen, former chief of the Secret Service, to ferret out the missing fund was made by Walter Shaw Brewster, lawyer, of No. 40 Wall street, whose partner, a Mr. McKean. was receiver for the Globe Security Company. FOUND OLD TRUNK IN STORAGE

3. December 1, 1911 The Hartford Republican Hartford, KY
Article from The Hartford Republican, December 1, 1911

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KEYS GIVENITO THE ATTORNEY May Lead to Discovery of Rothschild's Hidden Wealth. New York, November 20.-George W Glaze, attorney for the Receiver of the defunct Federal Bank, returned from St. Louis this afternoon with two sets of keys to the safe deposit boxes in which Rothschild, the comvicioned President,, who died in prison, hid his wealth when the was about to be annested. The attorney said immediately he had material avidence that Rothschild did hide nearly half a million of currency, and he believes that he holds the keys to the mystery in a literal samse. Mr. Glaze will begin n systematic search to find the two setts of safety deposits boxes that will fit the keys. There are four keys in alltwo in each set. One set bears the number "5." The keys appear to have been Ifititle used. The other two made were well worn and showed the had been cititen used. Mr. Glaze went at once to his home, No. 606 West One Hundred and Sixor telenth street, where his wide is seriously ill. (He made this statement when asked about his trip: "Acting upon a telegram from Mrs. Eugens C. Batten, whose first husband was the late David Rothschild, President of the defunct Federal Bank, to the effect that she had reason to believe $442,000 existed in some New York or New Jersey bank, I went to St. Louis. I flound her so ill that I had trouble getting her physician to let me slee her. "Mrs. Batten," maid the attorney, has given me trwo sets of keys,which she says Rothschild gave to her just before he went to serve his sentence, with the injunction ever to guard them until the came out. "Systematei search is in progress n under the auspices of the banking t departments of New York and New E Jersey, added by District Attorney b Whitman, and twie have great expecq tations. We find that no steps have been taken to probate any will made S by David Rothschild." H In the statement made by Mrs. Batd ten to the abtormey she said Rothschild said to her when she went to the prison to visit him: "Don't worry; B when I get out we, will be all right C Stick tome." h Mr. Glaze added that he gained the to information that Rothschild dived from till the effects of eating too much cheose. ce His wife took him a lange cheese and ti he proceeded to gorge himself with T it, the abtaick that killed him resultit ing. St The attionney said that a safety deA posit box in the Lincoln Trust Comec pany had been searched a short time N before he went to St. Louis and that II mothing had been found in it except an agreement between Rothschild and a man named Wood respecting X the Presidency of the Federal Bank. j

4. February 16, 1912 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, February 16, 1912

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HAS STOLEN MONEY. Nevada Woman En Route to New York to Restore $500,000. Chicago, Feb. 16.-A woman registered at a hotel here as Mrs. Theresa K. Batten of New York, says that she is possessed of $500,000 which had been stolen and that she was on her way from Reno, Nevada, to New York to pay the money back to those from whom it had been taken. Mrs. Batten said she once had been the wife of David Rothschild, president and confessed wrecker of two New York banking institutions and who died in Sing Sing in 1907. She said It was her purpose to restore the half million dollars to the depositors of these institutions, the Federal Bank of New York and the Globe Security company. The liabilities were upward of $2,000,000, she said, and that her understanding was that the receivers had already paid 60 cents on the dollar. Mrs. Batten said she learned last November that she had been left the money. She is under the care of a physician and nurse. In Reno Limelight. Reno, Nev., Feb. 16.-Mrs. Theresa K. Batten came into the limelight in Reno two weeks ago when she appeared here on the day following the arrival of her husband, Eugene Batten, for the avowed purpose of contesting his suit for divorce. The day after her arrival her husband secured a warrant authorizing a search of her belongings for valuable papers which Batten claimed she had stolen from him. Batten's suit for divorce was filed a few days later, sensational charges of cruelty and drunkenness on the part of Mrs. Batten being alleged. Mrs. Batten instituteed a contest immediately but left Reno in the midst of proceedings. She returned a few days later and a reconciliation was effected. It proved of short duration as she had her husband haled into the police court on a charge of assault and battery. Later she put up bail for his release and the case was dropped, after which Mr. and Mrs. Batten left Reno.

5. February 17, 1912 New-York Tribune New York, NY
Article from New-York Tribune, February 17, 1912

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HAS BANK LOOT, SHE SAYS Mrs. Batten, Rothschild's Widow, Would Return $500,000. Chicago, Feb. 16.-A woman registered at a hotel here as Mrs. Theresa K. Batten, of New York, said to-day that she has $500.000 which had been stolen. and that she is on her way from Reno, Nev., to New York to pay the money to those from whom it had been taken. Mrs. Batten said she once had been the wife of David Rothschild, president and confessed wrecker of two New York banking institutions, who died in Sing Sing in 1907. She said it was her purpose to restore the $500,000 to the depositors of those institutions, the Federal Bank of New York and the Glabe Security Company. The liabilities were upward of $2,000,000. she said, and that her understanding was that the receiver had already paid 60 cents on the dollar. Mrs. Batten is under the care of a physician and nurse. Reno, Nev., Feb. 16.-Mrs. Theresa K. Batten was prominent in Reno two weeks ago, when she appeared here on the day following the arrival of her husband, Eugene Batten, for the avowed purpose of contesting his suit for divorce. The day after her arrival her husband obtained a warrant authorizing a search of her belongings for valuable papers which Batten said she had stolen from him. Batten's suit was filed a few days later. sensational charges of cruelty and drunkenness on the part of Mrs. Batten being alleged. Mrs. Batten instituted a contest immediately, but left Reno. She returned a few days later and a reconciliation was effected. It proved of short duration. as she soon had her husband in police court on a charge of assault and battery. Later she put up bail for his release and the case was dropped, after which Mr. and Mrs. Batten left Reno.

6. February 17, 1912 The Salt Lake Tribune Salt Lake City, UT
Article from The Salt Lake Tribune, February 17, 1912

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WIDOW TO RESTORE LOOT OF HUSBAND CHICAGO. Feb. 16.-A woman registered at a hotel here as Mrs. Theresa K. Bates of New York said today that she is possessed of $500,000 which had been stolen and that she was on her way from Reno, Nev., to New York to pay the money back to those from whom it had been taken. Mrs. Bates said she once had been the wife of David Rothschild, president and confessed wrecker of two New York banking institutions, and who died in Sing Sing in 1907. She said it was her purpose to restore the $500,000 to the depostors of these institutions. the Federal bank of New York and the Globe Security company. The liabilities were upward of $2,000.000. she said, and that her understanding was that the receivers already had paid 60 cents on the dollar. Mrs. Bates said she learned last November that she had been left the money. She is under the care of a physician and nurse.

7. February 17, 1912 The Pensacola Journal Pensacola, FL
Article from The Pensacola Journal, February 17, 1912

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RETURN $500,000 OF STOLEN MONEY Woman on Her Way to New York With Half Million and Will Turn it Over to Rightful Owners. By Associated Press. Chicago, Feb. 16.-A woman registered at a local hotel as Mrs. Theresa K. Batten, of New York, said last night that she is possessed of $500,000 which had been stolen and that she is on her way from Reno, Nev., to New York to pay the money back to those from whom it had been taken. Mrs. Batten said she once had been the wife of David Rothschild, president and confessed wrecker of two New York banking institutions, who died in Sing Sing in 1907. She said it was her purpose to restore the half million dollars to the depositors of these institutions, the Federal Bank of New York and the Globe Security Co. The liabilities were upward of $2,000,000, she said, and that her understanding was that the receivers had already paid 60 cents on the dollar. Mrs. Batten said that she learned last November that she had been. left the money. She is under the care of a physician and nurse.

8. February 17, 1912 Tonopah Daily Bonanza Tonopah, NV
Article from Tonopah Daily Bonanza, February 17, 1912

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MRS. BATTEN IS IN LIMELIGHT CHICAGO, Feb. 17.-A woman registered at a hotel here as Mrs. Theresa K. Batten of New York, said yesterday that she is possessed of $500,000 which had been stolen, and that she was on her way from Reno, Nev., to New York to pay the money back to those from whom it has been taken. Mrs. Batten said she once had been the wife of David Rothschild, president and self-confessed wrecker of two New York banking institutions, and who died in Sing Sing in 1907. She said it was her purpose to restore the half million dollars to the depositors of these institutions, the Federal Bank of New York and the Globe Security company. The liabilities were upward of $2,000,000, she said, and that her understanding was that the receivers already had paid sixty cents on the dollar. Mrs. Batten said she learned last November that she had been left the money. She is under the care of a physician and nurse.

9. February 17, 1912 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, February 17, 1912

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NOT MANY SUCH Chicago, February 16.-A woman registered at a hotel as Mrs. Teresa K. Batten of New York said last night that she is (possessed of $500,000 which had been stolen and that she is on her way from Reno, Nev., to New York to pay the money back from whom it had been taken. Mrs. Batten said she once had been the wife of David Rothschild, president and confessed wrecker of two New York banking institutions, who died in Sing Sing in 1907. She said it was her purpose to restore the $500,000 to the depositors of these institutions, the Federal bank of New York and the Globe Security company. The liabilities were upward of $2,000,000, she said, and that her understanding was that the receivers had already paid 60 cents on the dollar. Mrs. Batten said that she learned last November that she had been left the money. She is under the care of a physician and nurse.

10. February 28, 1912 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, February 28, 1912

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band wrecked the Federal Bank of New York and the Globe Trust Company. During Rothschild's imprisonment his wife lived near the prison so that she might see him as often as possible. Since Rothschild's death in prison Dr. Kessel asserted that his sister has become mentally deranged. Dr. Kessell said there was no truth in Mrs. Batten's story about the $500,000. She told the same story to the receiver of the bank, and upon investigation it was found to be groundless. Mrs. Batten will be transferred to an institution in New York.