15837. Fifth National Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
341
Charter Number
341
Start Date
March 22, 1873
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
41089671

Response Measures

None

Description

Articles (NY Herald, 1873-03-22) describe the Fifth National Bank being closed/guarded, depositors restricted, discovery of mutilated ledgers/deficiency, and an application in Supreme Court for appointment of a receiver. No explicit run is described; sequence is suspension followed by receivership (closure). OCR errors in articles corrected (e.g., 'mutilation' of books, 'Mead' president).

Events (2)

1. March 22, 1873 Receivership
Newspaper Excerpt
Application for a receiver was made yesterday morning in the Supreme Court...application was made on behalf of other creditors...asking for the appointment of a receiver for the Fifth National Bank; sureties offered themselves in the sum of $100,000 each.
Source
newspapers
2. March 22, 1873 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Discovery of mutilated ledgers and a deficiency in the bank's accounts (missing/altered books) led to closure of the bank.
Newspaper Excerpt
Bank remained closed...none but depositors admitted...two policemen guarded the street entrance...the mutilated books...deficiency
Source
newspapers

Newspaper Articles (2)

Article from The New York Herald, March 22, 1873

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Article Text

THE BULL'S HEAD BANK. Interview with Mr. Williamson-The Mysteryof the Deficiency Yet a Made to Cause for a Receiver Stephenson, Application Fancher-Mr. Edward ProbJustice of the Fifth National Bank, ably Bull's the Head Man. Bank remained closed those all hav- day The and none but depositors admitted. and Mr. yesterday, business with the officers were was ing Mead, the lately elected President, letErastus all day answering in person and regarding by kept busy numerous inquiries made of him losses and ter the of the bank, its probable receive. the condition of money the depositors would the bank the amount street entrance of from the The Twenty-fish by two policemen refused was guarded precinct, who bluntly minus Eighteenth admittance who was a deal a every book. one After much delay and to allow the bank they were prevailed upon and see the of coaxing representative to pass in was very HERALD Mead. At first Mr. Mead slightly President, but Mr. after a little while he became there had reticent, and said that. as yet, of the communicative, new developments in the affairs hard in- at been no He continued "The clerks are anything stitution. but it will be several days before be made. work, correct estimate of the losses can be prelike a books of depositors will have to what our All the before we will be able to state will not be sented and even then our figures If he would losses are, told the HERALD man that him call exact." later He in the day he would be happy to give ADDITIONAL INFORMATION anything that might directors have transpired. was to be regarding that a meeting of the bank until Knowing party addressed waited in the went to held the arrived, and, when the gentlemen over the bank, to they president's room, on the floor admission, but the meeting, he requested meeting was hold their the ground that the suspenwas refused and on nothing in reference to in the this quarinformal done. Failing of success president, sion would Richard Williamson, the mutilated late books ter, Mr. resigned shortly before the upon at his who discovered, was called Mr. Richard were 133 Fifth avenue. professed house, No. Jr., saw the reporter and that was Williamson, to impart any information was engaged himself willing He said his father him disin his possession. and he did not care to of have the suspenat dinner reviewing the story Williamson turbed. told After in yesterday's HERALD, Mr. and was about sion, as nothing further to say, from the said he had when Mr. Williamson, Sr., manner, came said The he to retire, room and, in an excited to the reporter. the wanted to say to make himeremain person, son tried who is a very his opinion. dining old gentleman, hard right something to speak nervous turkey silént, and but intel- cran- His insisted on being his full of unmastigated unable to make himself berry mouth sauce, but after he was a strenuous answered effort the the following mouthful questions: it has been to said what of information the bank?" ligible, was possession "Mr. swallowed Williamson, and he of as that disposition you money are in was made not of know the funds anything regarding in the bank, the and as a of that "I do it is claimed is deficient books. am as ignorant tampered with. for I have babe the mutilation unborn. of I know the seen they them; have but been beyond that I a were know "You nothing.' have heard in real the estate report while that in you the office of heavy any President, "I more have, operator interested and I presume?" most was emphatically in before real estate it. My deny during real son that and estate." my myself I pres- was idency have always than been I heavy to holders resign of by the directors?!! of ill "Were you requested I resigned on account some time, health. "No, I doctors My was health not. advised has been me to failing take Mr. for a vacation." Williamson, and was "In my there reference was any not. division to the on among the directors, contrary them?" a rupture they between were indi- in unison, "There them and either there as never directors was or as private the viduals." any of as a body do anything way to disorganize hamper its workings "Did they of the bank or in any did." workings "No. Williamson I never heard said it that said he that would to they have like the to have affairs his it are known cleared Mr. that up among as he any is the one as heaviest anxious else, inasmuch losers, as they he and upon. being stockholders. son o'clock Mr. Mead was had again been called taken by At five he knew what action would tell nothing furBoard of Mr. Willett, the cashier, were closely He the ther said than that Directors, but which amount had been ex- to Mr. called up with deficiency the ledgers, is not likely mere to speculation, his Mead although more amined. than The $100,00 but is this rather is dogmatic in statements. APPLICATION FOR application A RECEIVER. was made to Yesterday morning in the Supreme Court of a receiver Chambers, for Justice Fancher, for the appointment made on behalf of an order The application was other creditors of de- of bank, in the the appointment of Bank, the asking for the Fifth National for the Florence positors, bank. K. Kew, and of presence several of and Thompson a number Mr. Ed- W. as ward Stephenson, Ex-Senator Laimbeer sureties in $100,000 The receiver. offered themselves twice as that amount. each, were taken was by the informed by the made for reWhen Mr. had been he stared papers Decker and that justified Mead application in Mr. Court. Stephenson assertion HERALD re- reporter ceiver in the person and asked of to have ears the had deceived peated very curiously in order gentlemen to discover connected if his time, with expressed the bank. him. who were Several in the and room all at fell the to same said, whispering. in answer When to a Mr. their Mead surprise that was disengaged the bank had he been closed at the suggestion question, of counsel.


Article from The New York Herald, March 22, 1873

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Article Text

THE BULL'S HEAD BANK. Williamson-The Interview with Mr. Yet a Mysterythe Deficiency Made to Cause of for a Receiver Application Fancher-Mr. Edward Stephen- ProbJustice son, of the Fifth National Bank, ably Bull's the Head Man. Bank remained closed those all hav- day The and none but depositors admitted. and Mr. yesterday, with the officers were President, was ing business Mead, the lately elected and by letErastus all day answering in person regarding kept busy numerous inquiries made of him losses and ter the of the bank, its probable would receive. the condition of money the depositors of the bank the amount street entrance from the The Twenty-filsh by two policemen bluntly refused a was guarded precinct, who minus every Eighteenth one admittance much who delay was and a deal the bank coaxing book. they After were prevailed upon in and to allow see the HERALD of representative At to first pass Mr. Mead was very President, but Mr. after Mead. a little while he became there slightly had reticent, and said that. as yet, of the in-communicative, new developments in the affairs are hard at been no continued :- "The clerks anything stitution. He several days before made. work, but correct it will estimate be of the losses have can to be be prelike All the a books we of depositors will be able will to state will what not our be sented before and even then our figures if he would losses exact." are, He the told day the he HERALD would be man happy that to give him call later in ADPITIONAL INFORMATION regarding anything meeting that of might the directors have bank transpired. was until to be Knowing party that a addressed waited gentlemen in the went to held the and, when the over the bank, on the admission, he requested meeting the they president's room, arrived, meeting, floor the was but to informal hold was refused their and on nothing the ground in reference of that success to in the this suspen- quarRichard the mutilated ter, Mr. shortly before upon at sion would resigned done. Williamson, Failing called the late president, books his who discovered, was Mr. Richard were 133 Fifth avenue. professed house, No. the reporter and that was Williamson, willing Jr., to saw impart any information father was engaged himself He said his him disin his possession. and he did not care to of have the suspenat dinner After reviewing the story Mr. Williamson turbed. sion, as told had nothing in yesterday's further HERALD, to say, Sr., and came was from about the he said to retire, he room when and, Mr. in Williamson, an excited to the manner, reporter. said but The the tried to hard say to make is a him remain very nervous opinion. person, dining old son wanted gentleman. right who something to speak his turkey silent, and intel- cran- His insisted on being his full of unmastigated unable to make himself berry mouth sauce, after he was a strenuous effort the the following mouthful ligible, but and he answered it has been what disposition of of the bank?" was questions: possession "Mr. swallowed Williamson, information as said to that the you money are in was made not of know the funds anything regarding in the bank, and of a "I do it is claimed is deficient books. am as ignorant as tampered babe that the mutiation unborn. of I know the seen they them; have but been beyond that I with, nothing." for I have report that you office were of a know "You have neard in real the estate while in the was heavy operator I presume?" deny that I " and most real estate during and my President, have, emphatically myself presmore interested in before it. My son estate." any idency have always than been I was heavy to holders resign of by real the account directors? of ill "Were I you was requested not. I resigned been failing on for some health. My health advised me to take Mr. a and "No, my doctors has the directors, vacation." Williamson, time, was "In there reference was any not. division to on among the was contrary them? a rupture they between were indi- in unison, "There them and either there as never directors or as private hamper the any viduals.' "Did of they as the a bank body or do in anything any way to disorganize its workings-fi workings "No. I never of heard it that said he that would they like did." the to have affairs it are Mr. that he is as else, inasmuch as they cleared up as any the one heaviest losers, known Williamson among said anxious to have he and upon. being his stockholders. son o'clock Mr. Mead action was had again been called taken fur- by At five he knew what but would tell nothing had Board of Mr. Willett, the were closely the ther He said than that Directors, ledgers, which cashier, amount been ex- to Mr. called up with the deficiency is not likely mere to specniation, his although more than amined. The $100,000; Mead but is this rather is dogmatic in to FOR A RECEIVER. was made Yesterday morning in the application Supreme Court of a receiver Chambers, for of Justice order Fancher, for the appointment was made creditors on behalf of for an bank. The application and several other a number of Florence K. the presence of of Mr. Edthe asking for the Fifth National the positors, bank, in Kew, of the appointment and Thompson Bank, de- W. as Ex-Senator sureties in receiver. offered themselves in twice that Decker ward Stephenson, justified Laimbeer Court. as amount. $100,000 The repapers each, and were Mead taken was by the informed been by the made HERALD for stared a reWhen that Mr. application person of Mr. had have Stephenson the assertion he reporter ceiver curiously in the and asked to if his ears had the deceived bank, very peated in order gentlemen to discover connected same time, with expressed When him. were Several in the room all at fell the to whispering. in answer to a Mr. Mead that was the bank had their who surprise disengaged and he been said, closed at the sugquestion gestion of counsel.