15841. First National Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
29
Charter Number
29
Start Date
May 6, 1875
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
696d76bc

Response Measures

None

Description

Articles (1875 and 1876) refer to a receiver for the First National Bank of New York and court decrees authorizing receiver actions. No mention of a depositor run or of reopening; bank is in receivership and assets/claims are being sold — classified as suspension leading to closure/receivership.

Events (2)

1. May 6, 1875 Receivership
Newspaper Excerpt
Decree taking bill for confessed against First National Bank of New York. Stanton, receiver, vs. Johnson
Source
newspapers
2. February 5, 1876 Receivership
Newspaper Excerpt
By a decree of the District Court, the receiver of the First National Bank is authorized to sell a part of the claims of the First National Bank against Jay, Cooke & Co.
Source
newspapers

Newspaper Articles (2)

Article from National Republican, May 6, 1875

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Article Text

Equity Court-Judge Wylie. This court was engaged as follows yesterday: Rassiter VS. Rassiter. Order for alimony for the past year, $4,160. Simms VB. Simms. Decree of divorce from the bonds of matrimony. Davis et al. vs. District of Columbia. Order discharging restraining order, and denying injunction. Spindley vs. Buckley. Decree confirming trustee's sale. Alexander VF. District of Columbia et al. Decree taking bill for confessed against First National Bank of New York. Stanton, receiver, vs. Johnson and Suit vs. AL len. Decree taking bill for confessed. Martin vs. Williams. Decree amending former decree. A number of interlocutory orders were made. Adjourned. Const Today small


Article from Daily Kennebec Journal, February 7, 1876

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Article Text

WASHINGTON. Cannot Pass. New York, February 5. A Washington special says it is definitely ascertained that Mr. Morrison's tariff bill cannot possibly pass, or any bill looking to such a thorough revision of the tariff. It would not be valuable in part and cannot ever come out of the committee of Ways and Means as a whole. That committee will vote 7 to 4 against the revision of the tariff, but they may lavor some few amendments to the present tariff law. A Denial. Washington, February 5. Secretary Bristow in response to numerous inquiries states that there is not a word of truth in the telegram sent hence yesterday, alleging that Senator Conkling had a passionate interview with him on Thursday, and that he and the President had high words at the cabinet meeting, yesterday. He has not seen Conkling for over a month. Postal Changes. Washington, February 6. The following al the Post office changes during the week: Office* established.-East Sebago, Cumberland Co., Me., Jno. P. Fitch, postmaster. Postmasters appointed.-Mrs. Ellen M. Piper, Dixmont, Penobscot Co., Me.; James Twombly, South Dover, Piscataquis Co., Me. Postal Convention. A postal convention has been concluded between the U. S. and the Colonial government of Queensland, Austrialia, establishing an exchange of mails between the two countries by packets between San Francisco and the Australian countries. A Decree. By a decree of the District Court, the receiver of the First National Bank is authorized to sell a part of the claims of the First National Bank against Jay, Cooke & Co., amounting to $450,727, in which a dividend of 5 per cent. has been paid to Henry D. Cook, jr., for assignment, and surrendered by Cooke, jr., for the cancellation of valid claims against the bank, amounting to $350,000 originally, on which dividends aggregating 75 per cent. have been paid upon condition that the sale to Cooke shall be without recourse to the bank, or receive any part of the 5 per cent. paid by the trustee in bankruptcy, and the assignment of the bank's claim shall not prejud.ce or affect any claim asserted or which may be asserted by the bank or receiver against the assets or estate of the firm.