15924. Grand Central Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 18, 1879
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
accb876e

Response Measures

None

Description

Articles (Jan 18–20, 1879) report the directors resolved to put the Grand Central Bank into liquidation and that the suspended bank is paying depositors in full with 70–80% left for stockholders. No run is described; the bank was suspended and put into voluntary liquidation (closure). OCR errors in Article 1 corrected (e.g., 'throw the bank into ... liquidathis' -> 'throw the bank into liquidation').

Events (2)

1. January 18, 1879 Other
Newspaper Excerpt
The suspended Grand Central bank of New York, is paying depositors in full and will have 70 to 80 per cent. left for stockholders.
Source
newspapers
2. January 18, 1879 Suspension
Cause
Voluntary Liquidation
Cause Details
Directors resolved to put the bank into liquidation; bank is described as 'suspended' and moving to pay depositors in full for liquidation and distribution to stockholders.
Newspaper Excerpt
The directors of the Grand Central Bank, have resolved to throw the bank into ... liquidat[ion] ... Depositors will be paid in full
Source
newspapers

Newspaper Articles (3)

Article from New-York Tribune, January 18, 1879

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Article Text

IN emktaken of stock. John Meyer Dierks, age thirty-five, is reorted missing from 72 James-st. since Christmas. Empress's robe of gold and silver threads unbroidered A Chinese with scarlet and colored cloth, losses, is on exhibition at Tiffany's THE TRIBUNE has received $5 from "J. M. ." for Mrs. John Taylor, of No. 519 Ninth-ave., which vill be sent to her through Mrs. Fanny Barrow. The Australian International Exhibition will pen at Sidney August 1. One acre of space has been ssigned to the United States and Canada, and more will be allotted it required. An unknown man about thirty years of age, with black hair and mustache, died some time Thursay night in a lodging house at No. 220 William-st. The ody still awaits identification at the Morgue. Aaron Harris, the milk dealer who was conicted of keeping two cows terribly injured by fire for be purpose of selling milk, was fined $50 yesterday by udge Gildersleeve, and promptly paid his flue. Assignments for the benefit of creditors were led yesterday by Henry Zeltner to Joseph Kuatz, givg preferences of $14,122.21 and by Charies E. Wilde , Herman Kreiner, giving preferences of $5,121 42. At a wedding at St. Thomas's Church last k. the dress of one of the bridesmains caught tire hile she was standing over the register. The flames ere 800m extinguisned. The dress only was damaged. The next lecture in the Cooper Union Free ourse will be delivered this evening, at o'clock, in the the reat hall, by Professor R. A. Witthans, M. D., of University of Vermont, on The Production of Animal force," with illustrations, The directors of the New-York, Lake Erie nd Western Railway Company have referred several stimates for building the new elevators at Baffalo and ersey City to a special committee .th instructions to sakeen early report in regard to the awarding of confacts. The published reports of a new coal comnation were denied yesterday by Samuel Sioan, who reclared it to be a stock-jobbing rumor," and by nomas Dickson. president of the Delaware and Hadson anal Company, who said that there had not even been biot of negotiations. The funeral of John Reilly, the fireman, of o. 273 Delancey-st., who was killed at the Broadway re on Tuesday night, took place yesterday at the Church St. Rose of Luna, in Cantion-st. Many firemen and re Commissioners King and Gorman were present. Madge Rivers, the young girl arrested by dice Cody, of the Western Steamboat Squad. in boy's Tire, gave to the Justice yesterday a sentimental acount of her early history, and of her training in the High School of Boston, where she was adopted by an again family. Several ladies went to see her 10 tue vering at the Tombs. Children playing with matches set fire last vening to the furniture 11: one of the rooms of the Rev r Relance's residence, No. 11 Livingston-place. In a W minutes the room was all in a blaze. but owing to he prompt efforts of Dr. Rylance himself. the flames exinguished. A book-case, a library and some urniture were damaged. A horse belonging to Henry J. Caufield, of o. 411 Seventh-ave. became frightened yesterday and ashed along Seventh-ave. dragging a sleigh at his cels. When between Eighteenth and Ninetreath-ats. in sleigh struck Mrs. Sarah Morriesey, age nity, of flesh No. 58 West Eighteenth-st. She received a slight round on the forehead. At the Yale Alumni Association meeting 1st evening at Delmonteo's. the following were elected for the ensuing year: President, Charles Tracy. E. C. Stedman, '53, Meets 32; Vice-Presidents, and Treasurer, W. C. Whit- J. ey, '63 : secretary, R. W. DeForest, '70: Jackson, '57; Executive Committee, Charles Holt, '65; 74. : F. Kernochan, '63: L.H. Bagg, '69; W.C. Gulliver, 70, and A. M. Dodge, Some dissatisfaction was expressed yesterlay by subscribers to the fund of the Amateur Life-Sav- withCorps that an organization had been effected g d general meeting. The committee of delethat nothing has been done draft to take charge of all rates ut sub-committee calling saye gifts except meeting. and appoint to preparatory to calling a general Edson, of the a communication from saying at cental" system in Great y-laws, as President received the Produce Britain Liverpool was Exchange, now fact on the breadstuff 16 all quotations would be their After It is requested that the Exchange give flour hat accomplished January market, made and than per 200 catal." nd to induce millers of this country to pack pounds to the barrel. The annual meeting of the Veteran Corps the 71st Regiment took placelast night at the Armory t Broadway and Thirty-fifth-si A new constitution officers n and by-laws were adopted. and the following elected : Colonel, Henry Martin; Lieutenant-Colo- Adjutant, C. H. nel. were T. Freeborn: Quartermaster, Major, J.F. Amos Woolsey ; L. See M. Paymaster, D.; Assistant- W. Patrick: Surgeon, C. McMillan, C.E. Shade. N. Philbrick B. Reynolds, M.D.; Commissary, of Surgeon,J. The directors of the Grand Central Bank, have resolved to throw the bank into is believed liquidathis city, Depositors will be paid in full, and it 75 cent. tou. the stockholders will receive about of per $100,The that bank was organized in 1874 with 953 a Third-ave. capital Fred100 The banking-house 18 and at No. Lanne Auderson cashier.


Article from The Portland Daily Press, January 18, 1879

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Article Text

MINOR TELEGRAMS. Pictou Harbor is closed by ice, Machinery Hall on the Centennial grounds as well as a large number of exhibits in the bu ilding, will be sold at auction February 8. The ice houses at Coxsackie, N. Y., are being filled rapidly. The Captain General of Cuba has given $400,000 in paper currency to charitable societies. By the death of Annie J. Rafferly, St. Mary's Cathelic church at Lawrence comes into possession of property valued at over $20,000. The proclamation of the Governor of Pennsylvania announcing the names of Congressmen elected gives the 11th district to Robert Klotz (Dem.), hitherto claimed by Albright (Rep.) Eight business houses in Gurdy Centre, Iowa, were burned yesterday. Loss $40.000. At Manchester, N. H., yesterday, the mercury was 20 degrees below zero. The American brig Don Quixote has gone to pieces. The Indian trouble at Prince Ridge Agency is subsiding. The President has signed the West Point military academy bill. The suspended Grand Central bank of New York, is paying depositors in full and will have 70to 80 per cent. left for stockholders. John S. Downing of New York, has been sentenced to State prison for life for wife murder. The Arkansas Legislature convened yesterday. The Iowa Republicans balloted for Senator last night but without result.


Article from Daily Kennebec Journal, January 20, 1879

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Article Text

CONDENSED TELEGRAMS. The ice gorge at Richmond, Va., hus been broken, and delayed steamers arrived Saturday. There, were 250 cases of scarlet fever in New York in one week, and 54 deaths. Nearly 6000 persons are engaged in gathering the Hudson River ice crop. More Southern planters raised their own bread and meet last year, than ever before. St. Louis has a free lodging house, where three hundred to six hundred persons, mostly tramps, sleep every night. The suspended Grand Central Bank of New York, is paying depositors in full. and will have seventy to eighty per cent. left for stockholders. Fire Sunday morning in Galva, III., destroyed three two-story buildings in Union Block. Loss, $20,000; partially insured.