15953. Guardian Savings Institution (New York, NY)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
savings bank
Start Date
November 18, 1871
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
6558a9ad

Response Measures

Full suspension

Description

Articles report rumors and a large presented check ($70,000) that could not be honored, crowds and excitement, suspension of payments on/around Nov 18, 1871, appointment of a receiver (Jeremiah Quinlan/Quinian) and subsequent winding up with dividends paid by receiver. The bank did not resume independent operations and was placed in receivership. I classify the initial trigger as rumor-driven (public panic over Tweed/'Ring') even though underlying mismanagement/connections to the Ring contributed to the loss of confidence.

Events (4)

1. November 18, 1871 Receivership
Newspaper Excerpt
Judge Barnard has appointed Jeremiah Quinian receiver of the Guardian Savings Bank, on Chatham-st., of which William M. Tweed is President. ... The Receiver further states ... resume payment by Feb. 1. ... sale of furniture and later dividends announced (25% then other dividends).
Source
newspapers
2. November 18, 1871 Run
Cause
Rumor Or Misinformation
Cause Details
Rumors of failure tied to William M. Tweed and the 'Ring' plus an unexpected large check ($70,000) that could not be honored triggered agitation and gathering of depositors.
Measures
Bank suspended payments; officials overhauled books and ultimately barred entrance; receiver later appointed.
Newspaper Excerpt
the news soon leaked out that Tweed's bank had burst, and a crowd was soon collected... About noon yesterday somebody presented a check for $70,000, which could not be honored
Source
newspapers
3. November 18, 1871 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension followed loss of depositor confidence amid revelations and rumors about connections to Tweed and the 'Ring' and inability to meet a large demand; receiver (Jeremiah Quinlan/Quinian) appointed and payments halted pending settlement.
Newspaper Excerpt
The Guardian Savings Bank ... has suspended and a receiver been appointed.
Source
newspapers
4. July 16, 1872 Other
Newspaper Excerpt
The receiver of the Guardian savings bank announces the next dividend of twenty-five per cent, to be paid the 10th of August.
Source
newspapers

Newspaper Articles (23)

Article from New-York Tribune, November 18, 1871

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SUSPENSION OF PAYMENT BY A SAVINGS BANK. Judge Barnard has appointed Jeremiah Quinian receiver of the Guardian Savings Bank, on Chatham-st., of which William M. Tweed is President. The affairs of the bank will probably have to be wound up, but it has ample securities, and all its depositors will be paid within 60 days.


Article from Public Ledger, November 18, 1871

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NEW YORK. No Cholera Epidemie Apprehended -Suspension of Tweed's BankBank Robbery. NEW YORK, November 18.-There were two additional deaths from cholera at the quarantine hospital yesterday, the victims being the children of emigrants. There appears at present to be no reason to apprehend the spread of the disease. The majority of those now ill are in a condition favorable to recovery. The Guardian Savings Bank, of which Tweed is President, has suspended and a receiver been appointed. The Bank has ample securities and depositors will be paid. The Union Trust Company, No. 73 Broadway, was robbed last night, just after bank hours, in a most-daring manner. A little after 3 o'clock, just when the clerks were busy, two respectablelooking strangers entered and asked for Mr. Frothingham, the president. They were directed to his room and were admitted by Mr. Frothingham in person. One stated that his name was Edwards, and wished to borrowthree or four thousdollars. While he and the president were engaged in settling the preliminaries of the loan, his companion slipped into an adjoining room and seized one hundred bonds of one thousand dollars each of the Monticello Company, lying on the desk. Shortly after they left suspicion arising, Mr. Frothingham dispatched an officer after the strangers, and the one named Edwards was secured, but the other escaped. The bonds stolen cannot be negotiated, as notice has been given by the president of the company, but ignorant persons might buy them. The Tribune is authority for the statement that it is asserted in well-informed circles that Tweed handed his resignation to Mayor Hall. At a late interview between Tweed and Sweeney, on the 8th inst. Mr. Francis M. Bixby is said to have been chosen by Tweed as his successor. It is announced this morning that District Attorney Garvin has resolved to take part in the prosecution of James Fisk, jr., in the suit instituted by Miss Mansfield. The charge is a criminal one.


Article from The New York Herald, November 18, 1871

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ANOTHER RUMORED COLLAPSE. Reported Failure of the Guardian Savings Bank. A Check for $70,000, Presented Yesterday, Refused Payment-The Bank in the Hands of the Public AdministratorStatement To Be Made To-Day. At late hour last evening it was rumored abroad that the Guardian Savings Bank, of which Boss Tweed IS President, had falled in a very heavy sum and been turned over to a receiver. A reporter was immediately despatched to see Mr. Ely, the Secretary of the company; but on proceeding to his restdence found that we was out of town and not expected to return home until this afternoon. BAFFLED in finding Mr. Ely, the reporter left his residence and went in search of a clerk whose name had been furnished, but who when found professed entire ignorance of the rumored failure. From thence he came on to Chatham street, where the bank is located, and discovered the officials of the bank busily engaged in overhauling affairs, and searching the books. On passing his card through the grating to a clerk, it was handed to one of the Financial Committee and a general AIR OF CONSTERNATION was plainly visible, it being evident that the gentlemen who were present had no idea that their secret was out, and already known to the public. A hurried consultation took place in the ofclce, during which the books were dropped, and the business which seemed so pressing suspended for the time. As the result of the conference the clerk stated that no information could be given on the state of the finances last night, as the officials were not certain how they would stand until a thorough examination of the books took place and the amount of the assets was ascertained, and, under the circumstances, the REPORTER COULD NOT COME IN. Some carriages were standing at the door, and a knot of people was beginning to gather, surprised at seeing such bustle around the bank at so ununsual an hour. The news soon leaked out that Tweed's bank had Durst, and a crowd was soon collected. the rumor spreading like wildfire, and the excitement became great, as the depositors mainly comprise the poorer classes, principally the Boss' own constituents. The wildest ramors were circulated, and from the conversation around it could be easily gathered that even among those who bad been his warmest friends all confidence in the Ring of the Tammany Ring was at an end, no further reliance being placed in any enterprise he is connected with. The names of the Executive Committee which adorn the doorplate are not of such a nature as to inspire them with any hope. They are O. W. Brennan, E. C. Wilbour, James H. Ingersoil, G. Putnam and T. Brennan. Some of the names are respectable enough, but the presence of the CELEBRATED CHAIRMAKER threw a gloom over tne people which the wellknown benevolence of the Boss falled to dispel. The particulars of the rumored failure are as follows:-About noon yesterday somebody presented a check for $70,000, which could not be honored, as there was not sufficient cash in the safe to meet so heavy a demand coming as it did, so unexpectedly. For the time the bank suspended payment, and it now remains to be seen whether the closure will be a permanent one or only a temporary embarrassment. Its nominal failure as above caused the bank to be placed in charge of A. J. Rogers, the Public Administrator. Subsequent information. furnished by a person who claims to possess an intimate knowledge of the workings of the bank. states that the affair IS A PUT UP JOB by political enemies of Mr. Tweed, who wish to innict a cruel stab upon him through one of his favorite institutions. He states that the bank has procured ample funds to meet the pressing requirements of the situation, and that to-day business will be resumed as usual, despite the effort that has been made to bring about a different denouement. How far this may be true cannot at this time be ascertained, but a few hours will certify to its correctness. In the meantime the best must be hoped for, though nothing can be definitely known until the books are thoroughly gone over; but the officials are said to be confident of their ability to weather the storm. Mr. Ety, whose name appears as Secrelary, has not been acting in that capacity for some time, a gentleman named Doudy serving in his place. The Boss. though taking a deep interest in the success or the bank, 18 not a heavy shareholder, his interest in the concern being slight.


Article from Knoxville Daily Chronicle, November 19, 1871

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LATEST BY TELEGRAPH. -0 FOREIGN NEWS BY THE CABLE. o Miscellaneous and Washington News. J HOME NEWS. HARDWARE WORKS BURNED. Marine Disasters-Beveridge's Majority. WASHINGTON, Nov. 18.-Penfield & Son's hardware works at Middletown, Conn., were burned last night, loss $50,000. There were two deaths from cholera at the New York quarantine yesterday. The schooner Alice Mary was lost in Petite Passage. The French ship of war Bouvett was lost on Folly Reef. The crew were saved. The 78th regiment leaves Halifax for Queenstown this week. The majority for Beveridge, Congressman at Large in Illinois, is only 19,000. The disguised men who hung three nogroes for the murder of the Park family, met no serious resistance. The assailants beat down two doora of the Charleston, Indiana jail, when the Sheriff Save them the key to the third door. It is understood that the negroes made additional confessions before their execution. Three counties contributed to the men engaged in the execution. The Reporters of New York publish a letter complaining of continued abstraction of goods coming through the custom house, At Prospect Park, Kingston and mate beat Hornet Allen and mate for two thousand dollare. Time-2:19}; 2:17: 20. PPILADELPHIA, Nov, 18.-The Athletics Base Ball Club has received notice from the Champion Committee that the Athletics have been declared champion, and that the white pennant awaits their orders. The Guardian Savings Institution on Chatham street, New York, has failed. Tweed was the President. The Trustees say the assets were abundant, though not immediately available. The crew of the vessel P. C. Sperman are wrecked on Lake Erie. All are safe except the chambermaid, who died from exposure. The crew drifted twenty hours in an open boat. Several of the crew of the City Mexico, from Havana, have been arrested at New Yord for smuggling cigars. NEW YORK, Nov. 18.-Judge Gilbert has de nied the application for a writ to compel the Brooklyn Board of Canvassers to reject the returns of certain districts of Brooklyn. An extensive run on the Bowling Green Savings Bank was caused by its rumored connection with the Guardian Savings Bank. SAVANNAH, Nov. 18.-Heavy frost this morming, the fourth of the season. Weather decidedly cool. The fair of the Industrial Exposition which opens here next Tuesday, promèses the 8 complete success within all departments. The very full attendance promises to be unusually large. NORFOLK, Nov. 18.-The steamship Equator, from Galveston to New York, putin here short of coal. She sails' in the morning. She experienced stormy northeast gales the whole passage. NEWBERN, N. C., Nov. 18.-The steamer Mary Sanford, on a voyage from Wilmington for Philadelphia, sprung a leak and was beached at Cape Hatteras, with sixty feet of water in the hold. She took fire immediately after reaching beach and burned to the water's edge. The vessel is a total loss. A small portion of the cargo was saved. No lives were lost.


Article from The New York Herald, November 19, 1871

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The Savings Banks Troubles. The suspension of the Guardian Savings Bank, which was controlled almost entirely by the capitalists of the "Ring," and of which William M. Tweed was President, is a natural result of the collapse of the "Ring" itself, and also goes to explain the run which commenced yesterday on the Bowling Green Savings Bank-an institution near of kin to the "Boss' own, and on the National Savings Institution, which has been luckless enough to have a Tweed (Jr.) among its directors. There is no need to feel any uncertainty in regard to the great majority of our savings institutions, for they are, as a rule, honestly controlled and are considered perfectly sound. The Guardian and Bowling Green are the only ones that have an acknowledged affinity with the "Ring" management, and they doubtless feel now that a good name 13 better than silver or gold. It is to be earnestly desired that the laboring men whose bread and meat depend upon the little sums they have deposited in these concerns may suffer no loss. Nothing that bas yet been proven against the "Ring" managers will go so far to render the lower classes indignant as to thus bring "Ring" rascality to bear directly on their own slim pockets. Better that every man of means in the directory of these banks sacrifice his whole fortune than that these worthy and needy depositors go unpaid.


Article from Evening Star, November 20, 1871

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The Bursting of the Ring Banks in New York. Tweed Puts in His Usual Piea of Innocence. NEW YORK, Nov. 20.-Wm. M. Tweed denies that he is connected with the Bowling Green Savings Bank. He admits being president of the Guardian Savings Bank, but has nothing to do with its management. He says its vice president has placed $300,000 worth of real estate at the command of the bank to enable it to meet its engagements. H. Smith, vice president, of the National Savings Bank, states that all demands will be promptly met to-day. NEW YORK, Nov. 23.-The Times says: "Edward Schell has been appointed by Judge Barnard as receiver of the National Savings Bank, who will take possession to-day. It is believed this bank, the Guardian and Bowling Green banks will meet all the claims of their depositors, but it doubtful if either resumes business again.


Article from The Daily State Journal, November 20, 1871

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LATEST NEWS. FROM NEW YORK. New York, Nov. -There was a run on the National and the Bowling Green Savings banks to-day. The latter, of which Henry Smith, the police commissioner, is president, suspended payment at 2 o'clock P.M., having exhausted its capital of $50,000. Its officers claim that at the end of sixty days the bank will be able to meet all demands. The National Savings bank is also reported to be unable to stand the pressure, and to have closed its doors before the end of business hours. There will be a run on other banks on Monday. The Guardian Savings bank, previously reported suspended, has its portals barred, and all entrance to the building is denied. Notice has been given that the Painters' Bricklayers', Housesmiths', Stair-builders and Joiners' unions will withdraw from the Workingmen's Union, as the latter is being used mostly to advance the interest of the politicians. Judge Gilbert has denied the application to compel the Brooklyn Board of Canvassers to reject the returns of certain districts in Brooklyn. New York, Nov. 19. A special detective of the United States sub-Treasury left for Europe to secure the arrest of Andrew J. Garney. One "cholera death to-day at Quarantine. Forty cases remain. All of which are doing well. Arrived, "Herman Livingston" and the Russian frigate "Swetland" with the Grand Duke Alexis on board. New York, Nov. 19.-The - Sunday Herald says the primary cause of the suspension of the Bowling Green Savings Bank is said to have been the loss of a quarter of a million of dollars in Hannibal and St. Joseph stock, in which the officers and directors are alleged to have speculated with its frauds. Mr. Selmes, its secretary, stated last evening that they would not be able to open the doors soon, if at all. He says the liabilities and assets are each about half a million, and that the bank will be able after awhile to meet every obligation. They have ample securities, but have been obliged to bear the odium of connection with the ring for three months, and to raise money had to sell securities at a heavy discount. New York, Nov. 19.-Richard Tweed retires from the Metropolitan Hotel December 1st. Applications were made to the British Consulate yesterday by three naturalized citizens for permission to resume their allegiance to Great Britain. The Williamsburg Mormon church is breaking up. Most of the leaders have gone to Utah. The Episcopal church, corner of One Hundred and Twenty-seventh street and Fourth avenue, was burned last night.The loss is small, as the building was of wood.


Article from The Wheeling Daily Intelligencer, November 20, 1871

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BOWLING GREEN BANK SUSPENDED. Therun on Bowling Green Savings Bank caused a suspension at 2 o'clock this afternoon. The officers of the bank say that at the end of sixty days it will be able to meet all demands. OTHER BANKS THREATENED TO-DAY. It is reported that there will be a run on other banks Monday. A THIRD SUSPENSION. The National Savings Bank also suspended to-day, making three in all. EXCITEMENT ABOUT TWEED'S BANK. There was considerable excitement about the Guardian Savings Bank to-day. The depositors were assembled in large numbers around the bank, though no demonstrations were made. The friends of Tweed tried to pacify the crowd by saying that the bank would resume on Monday. Prominent Tammanyites have had official connection with three of the suspended banks, Tweed being President of the Guardian Bank, and Police Commissioner Henry Smith, of Bowling Green, in the office. SMALL-POX. / Nine new cases of small-pox are reported to-day. This makes thirty-nine cases since Saturday last. QUARANTINE CHOLERA. The cholera at Quarantine is now supposed to have been subdued. No deaths have occurred since Thursday. The Humboldt, of the same line as the Franklin, expected to arrive on Tuesday. it is feared, will have a portion of the disease on board.


Article from The Daily Dispatch, November 20, 1871

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Affairs In New York. NEW YORK, November 18.-There was a run on the Nationaland the Bowling Green Savings Banksto-day. The latter, of which Henry Smith, the police commissioner, is president, suspended payment at 2 o'clock P. M., having exhausted its capital of $50,000. Its officers claim that at the end of sixty days the bank will be able to meet all demands. The National Savings Bank is also reported to be unable to stand the pressure and to have closed its doors before the end of business hours. There will be a run on other banks on Monday. The Guardian Savings Bank, previously reported suspended, has its portals barred, and all entrance to the building is denied. Notice has been given that the painters, bricklayers, house-smiths, stair-builders and joiners unions will withdraw from the Workingmen's Union, as the latter is being used mostly to advance the interest of politicians. Judge Gilbert has denied the application to compel the Brooklyn board of canvassers to reject the returns of certain districts in Brooklyn.


Article from The New York Herald, November 21, 1871

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The "Poor Boy of the Mohawk," His Banks and Police-A Captain of Detectives on Guard. THE REPORTS TO THE LEGISLATURE. Reports That Never Lie-Condition of the Manhattan, Guardian, National Savings, Bowling Green, Yorkville and Citizens' Banks. Figures and Facts for the People. Few calamities are fraught with more of truly pittable misery than the failure of a savings bank. Other financial concerns when they topple over usually content themselves with burying in their crumbled heaps of ruins LARGE SLICES OF THE PROPERTY of men whose colossal fortunes can easily with stand a considerable and sudden diminution, and whose means were probably accumulated by the misfortunes of a similar character which had previously overtaken their neighbors; but the closing of a savings bank's doors for the last time shuts out every ray of hope and happiness in this life from the hearts of 80 many poor and worthy fellow creatures who so richly deserve a better fortune that no man with human feelings and sympathies can stand the unmoved witness of such a spectacle. It brings before the mind's eye the exquisite agony of the industrious laborer who for many a long year has toiled in the winter's biting frost and under the blazing summer's sun. in humility and hard. ship and danger, and coined his sweat and blood and flesh into few precious dollars, that might save him from hunger and the aimshouse when his supple joints became stiff and his strong muscles weakened and his hair grew gray after a life of weary SUFFERING AND SELF-DENIAL, and who now suddenly awakes to find that his longcherished dreams-of an old age of comparative comfort and independence have changed into the dread reality of inevitable and hopeless beggary. Then think of the indescribable misery of the poor widow whose humble and untiring Industry with her washboard or her needle has enablea her to save little money, on which she depended to bring up her fatherless boy as a worthy and honest member of society, and to preserve her orphaned daughter from life of shame, and who now finds the fruits of her years of toll and patience and privation all withered and blasted in an hour. Only think of the thousands of cases of wretched. ness and suffering, which no pencil can pain: and no pen enumerate brought about by the collapse or one of those instituti ns which are allowed to exist only because they profess to be peculiarly the guardians and rewarders of the industrious poor. and If there be any sentiment in addition to pity for the victims, it is that no punishment can be too severe for the parties who wilfully abuse or negligently mismanage THE AFFAIRS OF SAVINGS BANK. The great excitement in the city caused by the announcement of the failure of several savings banks and the details thereof published in the HERALD on the two following days had duminished very little yesterday. Even among those who were not depostors the interest in the condition of the suspected banks was very intense, and groups of men who congregated under awnings and porchos for shelter from the falling rain discussed the affairs of the sav. ings banks with the safety and tardy arrival of the Grand Duke Alexis. What every speaker seemed to consider most remarkable was the fact that all THE THREATENED FINANCIAL INSTITUTIONS were connected in some nearer or more remote degree with the old Tammany Ring and acknowledged some one or other of its distinguished members as their managers and directors, and the name of WILLIAM M. TWEED was on every tongue. About two o'clock in the afternoon a large group of soaked and dripping citizens stood under an awning on the corner of Fulton street and Broadway, discussing the financial situa. ation, its causes and effects. "Well," said one gentleman, as he shook the rain from his umbrella, "there's sort of poetical justice in all this. Thousands of poor laborers in the city are ruined by the very men they always fought for and voted for and kept in power." "No, sir, no: that's a mistake," replied poor Irishman, who had just been denied admittance to one of the banks where his little savings were deposited: "that's all mistake, sir. 'Twasn't me that voted for 'em at all. nor tought for 'em, alther. 'Tisn't the poor, hard workin' min, that WORK FOR THEIR LIVIN' and save their little airnings for the childher, that do have anything to do with thim politicians one way or another. We did not put our money in their banks because they were Tammany politicians, but because we saw them looked after and associated with by gintlemin that houlds their heads the highest the city. The papers tould every day that they had plinty of property in all the ratlroads and banks of the country, in company with all the great people of the land, and, sure, we naturally thought they were safe enough to hould our little thrifes for us." "Could it be out of revenge for going back on them at the last election that they have done this thing now ." asked another. "I "Begor, may be so." said the Irishman. wouldn't put past thim.' as "I think, said German, "dey be's not so bad als. I b'leef Tweed has pull all his money out of dem banks and leave nothing any more, so dat he can GET AWAY VERY SOON. How much you lose P1-10 the Irishman. "Two hundhert an' forty-six dollars," answered Pat with sigh. "Ah, lose BIX hoondred dollar," and the German walked away sorrowfully. of It would be hard to estimate the amount wretchedness and misery caused by the failure of those banks: it never will and never can be known All the information that could be gleaned, however, by a sharp squad of reporters is here subjoined. The reporters of the HERALD were yesterday despatched in every direction to secure facts regarding the run upon the banks, and the result of their labors is given, as follows. The Banks of the City and County Hard Earnings Are Secured or Protected. D.C. Howell, Superintendent of the Banking De. partment of the State, resides at Albany, and is supposed to exercise general supervision over the banks of the state. From nis report transmitted to the Legislature on the 15th March of this year the following statement of the character of securities in which the banks have invested to secure their depositors is taken. A comparison of the character of the securities in which investments are made within the law will enable any depositor of ordt. pary intelligence to discriminate between Bound institutions and "wild cat" banks, established in the Interest of "ring men" who, by the rounding of banks, hoped to secure political power for an indefaite period. From Mr. Howell's report the followlog facts ascertained:ABINGDON SQUARE SA VINGS BANK. Bonde and mortgages, $20,000; United States securittes, $5,000. ATLANTIC SAVINGS BANK. secuStates United Bonds and mortgages,$808,17 rities. $676,000; bonus o: cities in the State, $307,000;


Article from New-York Tribune, December 6, 1871

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so WallNo. elected the followi officers: President-Capt Dunean. March and 8. V. WLIN Mecretary and Treasure M thewa. Executive Committee WITH 8. Booth, Removed Dwight and W.I. This bank will go into active operation as soon as new building of the Seatnen's Association is finished, the which will be about the 1st of January next. loestion will be favorable to its success, for it will be and directly among the mailors' boarding-houses, dry-tocks, ship-yand It will have the hearty cooperation of the Paymentor Department of the U. Navy-Yard. There 18 no other savings bank in the Seventh Ward, and there CAR be but little donbt that its very la boring population will gladty avail the insolves of the advantages it will offer them. THE STUYVESANT BANK FAILURE-ONLY 558 IN 118 VAULTS WHEN IT SUSPENDED. A turbalent meeting of the depositors of the pended vesant Bank was held last evening at the Mundair How 111 the chair. It appear that the amount of cash 111 the valus at the time of the suspension was only $53, and that the total Habill ie, $500,000. The liabilities to the Manufacturer," and Merchants' Bank were $71,000. Fifty thousand dollars have be 11 paid to Mr. Arch the Receive I'. The Com mittee appointed a: the previous meeting to love ligate the condition of the bank reported their inability to present a dear statement. The Merchants' and Manufacturers' Bank held a large surplus of collate which PRINT not be examined. Until Feb. 1, 1872 would be to Pender fall report. The Come is bone. Hatalie words be paid a targe recurrant of their deposits the President for 11 electing the (1) serve. Th building now made valuable 1. to down ou are nomin will be deposito with the Unit must Company. When the and en read, Mr. Gillespie, a demanded 101 how the depositor lay upon the them who had DISEASED money The rishier had stated that -100,000 in the vanits of the bank when it suspended. The Receiver on the contra said there was only 853 One of 11 stockholders and directors was a large bor rower, and had given security. and all the SEO khold had reveds inidend recently.to which they had not been entided. He wanted these men to come forward and explain their conduct. and that the matter should be immediately taken man the course A Here discussion followed. nd serious disturbance Mr. Rayner, fishier of the Merchants and Measfacturers Bank. expelled, as being a debtor o! the enjyvesant and an advocate of its cashier, Van Orten. Ultimately, Dr. Win. inelle and Wm. Giller DE were against Committee and the maching was and great disorder, until MADE BY THE GI ARDIN SIVINGS BANK DEPOSITORS ennounced in Tax TRISUNE a few making by the Office of the as ii, affairs Brennen, Commission :** of Charities Correction. visited various depositors and induced them rements to take less than the amounts representing that many of the heaviest creditors of the bank had agreed to do the same thing. H also tated, as a that argument with many of the b depositor that In lead himself placed $3,391 which longo to his children, in the bank and that he intended abaption my right to this money. in order to help the bank our of his troubles. The majority of the persons bad pie ed their money ia the Guard Hau Saving Bank 1001 people, and, when they were assured that 1. could obtain a les. sum more readily, the end ascritten part of their earnings. Delect live Dolan of the Sixth Preduct had deposited $193, and with the accrued interest the amount due him was 6503. Owing to the representations of Mr. Brennan he signed an agreement to receive $50 less. Mr. MeNa. mara of No. 4 Baxter-st. on a deposit not $1,900, was induced to take $300 less. Assistant Alderman Lysaght surrendered his claim to $1,000 out of a depos of 8.000. Oill, a policy-dealer, agreed to take $500 less than the $1,000 to his The Daniel Meehan Club, an which meets of Bayard had SIDE to its ry and agree through its Treasurer and Secret 10 850 less. Solomon Cohen of No. 6 Basic middle it b. Her arrangement them man, of his followdepositors, by securing the promise of the Trustees to give $900 for $1,000. John Byron or No. 21 Moll-st. had $400 to his credit and agreed to take $350. Michael Drammy from 8650 the W all $101. Jacob Cohen of No. 166 Caatham st., for adeposit tonceepts Ross Thompson. from it de posit of 8275, threw ett 895. Jones OR a deposit of 83,930. suggest to take ..... only $1,960. and vowed that unless he I've lived 11 at date me would prosecut 111+ truste and Per imbur... the widow, for whom he depo ii. out of His ova pocket.


Article from Memphis Daily Appeal, December 7, 1871

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TAMMANY TABLE-TALK. L'ENFANT PERDU. In the Ingersoll case the papers have been returned by the sheriff, and indorsed, "defendant not found." MR BRENNAN'S LITTLE GAME. Sheriff Brennan was closeted with Mayor Hall a short time on Tuesday. The sheriff and Mr. Hall are on very intima's terms, and the former, although he sifects to be opposed to Tammany, has been aiding the friends of the Tammany ring in various ways since the commencement of legal proceedings against them. PICKING OUT THE DRONES. Comptroller Green is delayed in paying off the city employes, by reason of the fact that he finds men who do nething have their names inserted on the payrolls between actual workers. A FLATTERING EXHIBIT. At a meeting of the depositors of Steuyvegant Savings Bank, on: Tuesday evening, it appeared that the bank had only fifty-three dollars in cash at the time of suspension. The liabilities were $590,000. The Guardian Savings Bank is compromising with the depositors for the amount due them. POOR GREELEY! At a meeting of the regular Republican central committee last levening, a resolu tion was adopted that no more propositions of affiliation shall be made to the Greeley league.


Article from New-York Tribune, December 27, 1871

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THE GUARDIAN SAVINGS BANK TO RESUME PAY MENTS IN A MONTH. Receiver Quinlan of the Guardian Savings Bank, says that the Bank is not yet able to pay i ts de positors, but as a large number of bonds and mortgages are owned by the bank, the officers are certain that with these and securities which the Trustees may advance, they will be able to resume payment by Feb. 1. Their liabilities are $530,000, nearly all of which they will pay, if possible, before the time specified: but there are many legal processes that will occupy considerable time, and many of the mortgages will have to be transferred from other banks. The Receiver further states that as there 18 no law constituting preferred creditors, he intends to pay all the smaller depositors in full. and give the others a dividend of 50 per cent. He says that depositors will not lose a dollar, as he intends to do all in his power to protect them. Many of those who are suffering for the want of small sums which they had deposited. have stated their cases to him, and he has paid them from private sources enough to alleviate their wants till the bank resumes payments.


Article from The Wheeling Daily Register, January 1, 1872

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Sunday's Dispatches. NEW YORK. Mexican News, NEW YORK, December 31.-A Herald special from Matamoras, via Brownsville, Texas, December 30, says that the revolutionists under Quiroga entered Mier this morning, the government troops falling back to Camargo without resisting them. The town of Tolo has pronounced for the revolutionists. This pronunciamento closes all communication to the government troops between Tampico and San Luis. Canales has been nominated Governor of Tamaulipas. He is now organizing the national guard to defend the State. The Guardian Savings Bank. Jeremiah Quinlan, receiver of the Guardian Savings Bank, will probably present a report of the state of affairs in that institution next week. The Tammany Society. A special meeting of the Sachems of the Tammany Society was held yesterday afternoon, when the deposition of Tweed was ratified and Mr. Augustus Schell elected to the office of Grand Sachem by acclamation. Connolly is still in Ludlow street jail, without a prospect of release. His friends had hopes of obtaining his release in order that he might spend New Year with his family. The Democratic Reform enrollment in the various districts was completed last evening. Jem Mace has issued a challenge offering to fight any man in the world for $2000, Ned O'Baldwin preferred. Mace states that this will be hislast fight, win or lose. The Hunter's Point Trouble. Hostilities are again threatened in connection with the Bible war at Hunter's Point. Adam Williamson, night watchman at 42 John Street, was discovered by police officer Severing with his throat cut. The wound is probably fatal. This morning the German Hospital, corner Seventy-Seventh Street and Fourth Avenue, took fire, originating in the basement. The building was damaged $10,000; furniture and bed ding $2000. The fire created an immense were to the conveyed panic among the Jewish inmates, Orphan who Asy. lum near by. No lives lost.


Article from The Wheeling Daily Intelligencer, February 6, 1872

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NEW YORK CITY. NEW YORK, February 5.-Stokes was brought before the Court of Oyer and Terminer this morning. There was a large attendance of spectators, and all of Stokes' counsel were present, Judge Cardozo on the bench. District Attorney Garvin demurred to some of the pleas of Stokes' counsel and traversed one of the prisoner's counsel. He said he would require him to procure witnesses to try the issues thus raised, and that a jury would be necessary. The Judge stated that he would summon an additional jury of 500, and then adjourned the Court till Mon day. The issue to be tried then is that raised by the prisoner' 8 counsel against the legality of an indictment by the Oyer and Terminer grand jury. Tom Fields has been arrested and bailed in the sum of $7,500. New indictments are said to have been found against Tweed. Henry Genet, an ex-Senator, among the number indicted on Saturday, was arrested this morning and bailed in the sum of $10,000. At a meeting of the depositors of the Stuyvesant bank to-day, the action of John Mack, who claims to hold a certificate of deposit for $7,600, which actually belongs to the security of the bank, and which resulted in the adjudication of bankruptcy against the Stuyvesant bank, was denounced as a blackmailing operation. The receiver of the Guardian savings bank has obtained from Judge Barnard, leave to sue for the recovery of loans, etc., to the amount of nearly $200,000. A dividend of fifty'r cent will be paid by the Union Square National bank next Saturday, and a second dividend of fifty per cent will be paid in March. The bank officials hope to pay all the depositions in full by the 1st of January. At a meeting of depositors in the Market Savings Bank the Receiver stated its securities at at $323,000 and liabilities at $960,000. He said the depositors would ultimately receive 45 cents on the dollar, or, in the worst event, at least 40 cents. He discovered to-day that a call loan of $50,000 was charged upon the books of the bank to a firm which had been dissolved three years, and which paid the indebtedness long ago. The Chairman of the meeting stated that he had discovered information that Conkling was not the only guilty person in the institution. Certain officers had appropriated these sup. posed call loans to their own use. Many of them were known to have had elcgant turnouts, for which it was fair to presume that misappropriated call loans had paid. Resolutions were adopted expressive of their determination to criminally prosecute the officials of the band.


Article from The New York Herald, February 6, 1872

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# THE GUARDIAN SAVINGS BANK. Jeremiah Quinlan, the Receiver of the Guardian Savings Bank, has obtained from Judge Barnard leave to sue as follows:-


Article from The Wheeling Daily Intelligencer, February 13, 1872

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NEW YORK CITY. NEW YORK, February 12.-A number mined of furniture to mechanics yesterday deterorganize a society to co-operate with the eight hour indicted The evidence traces the on movement. various which Sweeny sums of was his share in the Board of Audit swindle as having been placed in the Wasson bank by E. A. Woodward to the credit of Sweeny's brother. One deposit was made name, in several banks in Tweed's though other Peter B. Sweeny himself is the depositor. A Scranton dispatch says that tha coroner's the case of the explosion jury in the in Henry mine, rendered recent a verdict that the explosion resulted from the want of proper care in the ventilation of the mine. Mayor Hall states, in reference to the Board of Audit ring bills that he was in all he of the bills at the the found habit the total of signing warrants, footing if the that he did warrant. corresponded He with stated amount not on par- the ticularly notice the detailed items. to indicted does not appear be as having Hall connection with the conspiracy in auditing bogus claims with Tweed and the rest. Mrs. Holland was arrested on Saturday night, charged with killing Bentnall, her him the hatchet. landlord, She denies by striking accusation with in her statement. A medical examination of the body was had, which proves that he died from apoplexy. The receiver of the Guardian Savings Bank, announces that the depositors will belpaid in full. of Nearly all the Committee Seventy have gone to Albany to urge the passage of a new charter for the city. Jack Glass, a rough, died to-day from injuries received at a restaurant some time since. The Oyer and Terminer Court to day of the indictment for the trial validity met against for the for the had been After the Stokes Grand Jury murder term of Fisk. charged in the usual then of a retired, commenced. and the empanneling way, they petit jury The panel comprised some five hundred names, and it may take some time before the jury is selected. Several were rejected from bias. The remains of the late General Ander son, arrived here this morning from Fortress Gen. and two of Davis, Monroe, Gen. Crawford, accompaied by by Jeff. sons C. The time of the Gen. Anderson. funeral, which will take place at West Point, has not yet been fixed. not The remains of Gen. Anderson, are to be removed to West Point for three or four weeks. Col. Benj. A. Welles, was appointed of Judge Advocate General the Grand Army of the Republic, of New York. Rev. Dr. Deenis has announced that the missionary debt of the Southern Methodist Church, is all paid, principal and in terest. Daniel Bagley was arrested and admits last Sathaving shot Henry, the bartender, urday night in Sixth avenue. Bennett and are as John Garvin Gilroy still held accomplices. was arraigned to-day on a in the murcharge He of complicity Panormo der: pleaded not guilty, and will be tried next week. a It is reported that prominent lawyer in Brooklyn forged a mortgage amounting to $349,000, and absconded to escape arrest. A letter from Mr. Bergh was submitted to the Brooklyn Aldermen o-day stating of county in the that had for thrown years the every Justices obstacle Kings way of of is and the stating laws for that the it protection under advisement animals, whether the Society for the Prevention of Cruelty to Animals shall not abandon all efforts to enforce these laws. ALBANY N. Y., February 12.-Governor Hof has vetoed the bill, which recently med the Legislature, for the protect of tax-payers, &c., on the ground that its provisions were disap proved the Judge of the Court of Appeals they may defeat its very objects by esting municipalities of all title to bring action to recover their funds. property Another charter for the city of New York, who introduced in the Assembly. It is based the old charter, which sideral amended. and understood to have prepared by the Greeley Republicans


Article from New-York Tribune, February 19, 1872

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SAVINGS BANK TROUBLES. CLAIMS AGAINST THE MARKET SAVINGS BANKA DEBTOR'S STORY. Eighty persons proved themselves creditors of the Market Savings Bank on Saturday, making an aggregate of 1,000 persous who have proved their claims in accordance with law. The election of an assignee will take place March 13, and a Commissioner in Bankruptcy will attend on Saturday next, to complete the proving of claims. The latest rumor about Conklin is that he is residing in Nevada, working some valuable silver mines when he purchased with the money alleged to be stolen by him from the Market Savings Bank. THE BOWLING-GREEN SAVINGS BANK ADJUDICATED A BANKRUPT. In the United States District Court, on Saturday, the matter of the Bowling-green Savings Bank came up on an order to show cause why it should not be adjudicated a bankrapt on the petition of Aaron May. Shepherd Knapp, the Receiver of the Bank, objected to the jurisdiction of the Court, on the ground that the Bank had been dissolved before the filing of the petition; that, therefore, there was no bank to be adjudicated a bankrupt in this case, and that, by the appointment of a Receiver, the state Court had obtained control UI the matters involved in the case. Judge Blatchford held that these objections had no force. The Bank was then called, and, no one answering. .in its behalf, it was adjudicated a bankrupt by default. SALE OF GUARDIAN SAVINGS BANK PROPERTY. The furniture and fixtures of the Guardian Savings Bank were sold by auction, on Saturday, for $812 37. The largest amount was obtained for a walnut partition in the outer office. which was knocked down at 8125. The large safe manufactured by J. McB. Davidson was not sold, as a communication was received by Mr. Quialan, the Receiver, from Controller Green, stating that the safe had been paid for by the city two years ago.


Article from Worcester Daily Spy, July 17, 1872

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New York. THE COURTS. NEW YORK, July 16.-The grand jury prcsented in the general sessions to-day, an indictment against Robert L. Crawford, brother-inlaw of Commodore Vanderbilt, for an assault with intent to kill Detective William Henderson. FINANCIAL. The estimated shipment of specie to-morrow is $2,000,000. The receiver of the Guardian savings bank announces the next dividend of twenty-five per cent, to be paid the 10th of August. The Atlantlc bank of Brooklyn will be wound up as a national institution, and resume business as a state bank. GRATZ BROWN RECOVERING. The health of Governor Brown continues to improve, and there is little doubt that he will resume active operations in the campa in this week. THE STRIKES. The threatened strike of press printers has been averted, the employers all granting twenty per cent increased wages. A few clothing cutters and cabinet makers struck to-day for eight hours. METHODISTICAL. Bishop Simpson has indicated his intention to appoint Dr. Lanahan to the vacant presiding eldership of the Washington district in the Baltimore conference of the Methodist Episcopal church. MISCELLANEOUS. Five hundred furniture workmen struck yesterday, their employers demanding that they should resume the ten hour system. Henry Rodgers has been identified as the murderer of officer Donahue of Brooklyn, and the coroner's jury has found some eight other roughs guilty of being accessories. They are all under arrest. A party of ladies and gentlemen, while bathing at Coney Island, yesterday, were robbed of nearly $8,000 worth of jewelry, money and bonds. At a meeting of the employers' executive committee yesterday, it was stated that many of the printing firms have partly conceded to the demands of the striking pressmen. About one hundred thousand dollars were paid out yesterday on the 31 per cent. dividend on about one-third of the preferred stock of Erie. Much gratification is expressed by the holders in finally seeing a dividend. An illicit distillery, with two thousand gallons of mash, was seized to-day in Front street. The Schutzentest, at Union Hill, Jersey, is progressing finely. Among those present are delegations from Boston, New Haven and Hartford.


Article from The Wheeling Daily Intelligencer, July 17, 1872

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NEW YORK CITY. NEW YORK, July 16.-It is believed the District Attorney, with whom the matter in such cases rests, will refuse to allow Stokes to be bailed, also that the next trial will be had in some other county, probably Saratoga. The Grand Jury presented in general session to-day an indictment against Robert L. Crawford, a brother-in-law of Vanderbilt, for assaulting with intent to kill detective Wm. Henderson. The shipments of specie to-morrow is estimated at $2,000,000. The Receiver of the Guardian Savings Bank announces a net dividend of 25 per cent to be paid on the 10th of August. The health of Gov. Brown continues to improve, and there is little doubt he will resume active operations in the campaign this week. A threatened strike of the press printers has been avoided by the employers all granting 25 per cent increase on their wages. A few clothing cutters and cabinet makers struck to-day for 8 hours. Bishop Simpson has indicated his intention to appoint Dr. Lanahan to the vacant presiding Eldership of Washington district, Baltimore Conference of the M. E. Church. The Atlantic Bank, of Brooklyn, is to be wound up as a national institution, and will resume business as a State bank. An illicit distillery, with two hundred tons of mash, was seized to-day on Front street, Brooklyn.


Article from The New York Herald, August 15, 1872

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BOARD OF APPORTIONMENT. The Board of Apportionment met yesterday and adopted a resolution appropriating $10,000 to the New York Society for the Reller of the Ruptured and Crippled, to be applied to the support of every crippled child received and retained in this hospital, at the rate of $150 each per year, and a proportionate amount for shorter periods. The following preamble and resolution were also adopted:Whereas owing to the suspension of the Guardian Savings Bank the amount deposited therein by a former Public Administrator. received from intestate estates, is for the present unavailable to the city: and whereas parties répresenting these intestate estates are calling for the sums due them: Resolved, That the sum of $10,000 be and the same is hereby appropriated to account of "Intestate Estates," to provide for the payment of moneys due sundry estates, and that said amount be transferred from account of "Extra Contingencies." The Board then adjourned.


Article from The New York Herald, January 17, 1873

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BOARD OF ALDERMEN. A Committee Appointed to Investigate Alleged Frauds in the Eighteenth Ward Market-Annual Report of the Public Administrator. The weekly meeting or this Board was held yesterday, President Vance in the chair. SALT WATER APPARATUS FOR FIRE. A proposal to utilize the salt water of the city for the extinguishing of fires, and a petition for the adoption of machinery for this purpose, of which Thomas Miller was the patentee, at a cost of $250,000. is referred to the Committee on Streets. GAS LAMPS FOR MANHATTAN MARKET. Alderman VAN SCHAICK moved:That the Manhattanville Market Company be and is hereby permitted to place and light as many street lamps as may be desired, on Eleventh avenue, between Thirtyfourth and Thirty-fifth streets: provided the work be done at the expense of the said company, the gas supplied from their own meter, and the work done under the direction of the Commissioner of Public Works, the permission hereby given to continue only at the pleasure of the Common Council. The resolution was unanimously adopted. THE CITY APPROPRIATIONS. Alderman OTTENDORFER moved a resolution directing the Comptroller to furnish the Board with the amount of appropriations for city purposes for 1873 and the amount of unexpended balances for 1872. The resolution was adopted. THE EIGHTEENTH WARD MARKET. The following resolution, in refereuce to the appointment of a committee to continue the investigation as to alleged fraugs in the erection of the Eighteenth ward Market, was adopted:That a joint committee, consisting of three members of the Board of Aldermen and three members of the Board of Assistant Aldermen, be appointed, with power to send for persons and papers, to investigate the alleged frauds committed in the building of said market. and that all papers and documents relative to said subject be placed in the hands of said joint committee when appointed. FIFTH AVENUE THEATRE. Permission was given to Augustin Daly to remove the ornamental lamps and sign now at West Twenty-fourth street to his new theatre in Broadway, and to be erected on and over the sidewalk of that theatre, the expense thereof to be paid by Mr. Daly. THE MAYOR'S MESSAGE. The Board ordered the printing of 10,000 copies of the Mayor's message for public distribution. The resolution was unanimously adopted, with the exception of the vote of Alderman Ottendorfer. ANNUAL STATEMENT OF THE PUBLIC ADMINISTRATOR. The annual report of the public administrator was received, with an explanatory letter, in which it was stated that the sum of $86,630 had been received and deposited in the National Park Bank, and the sum of $28,175 had been distributed to those entitled, as next of kin, creditors or otherwise of the persons whose estates had been administered upon and accounted for. On January 1, 1872, there was a balance of $58,845 in the late Guardian Savings Institution to the credit of that bureau. A dividend of $12,111 has been paid by the receiver of said institution, leaving a.balance of $46,733 now due and owing to that office. The commissions retained and placed to the credit of the commission account amount to $2,963. It was also stated that in accordance with an engagement which he had made with the National Park Bank, interest at the rate of four per cent per annum had been allowed on all deposits made by him. That interest to the present date amounts to $1,808, which had been placed to the credit of the Public Administrator. THE COMMITTEE ON THE EIGHTEENTH WARD MARKET. The President announced the following as the members of the Eighteenth Ward Market Investigating Committee:-Aldermen Ottendorfer, Billings and Falconer. DAYS OF MEETING. On motion of Alderman MORRIS, it was decided that Thursday, at three o'clock, be the day and hour appointed for future meetings of the Board. The Board adjourned about five o'clock.


Article from New-York Tribune, January 28, 1873

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INSOLVENT SAVINGS BANKS. An application was made, yesterday, before Judge Barrett, in the Supreme Court, Chambers, on behalf of Jeremiah Quinlan, receiver of the Guardian Savings Bank, to compel Shepherd Knapp, receiver of the Bowling Green Savings Bank, to refer a claim of the Guardian for $50,000 against the Bowling Green. Wm. M. Tweed was President of the Guardian and Hank