15961. Hamilton Loan & Trust Company (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
August 9, 1893
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
8a8bad0b

Response Measures

None

Description

Multiple contemporaneous newspapers report that a receiver (Wm. F. R. Mills) was appointed Aug. 9, 1893 for the Hamilton Loan & Trust Company at 150 Broadway. Articles state receivers were appointed as a matter of protection and describe receivership/assignment with assets reportedly exceeding liabilities. No run or depositor panic is mentioned; the appointment of a receiver indicates closure/receivership.

Events (1)

1. August 9, 1893 Receivership
Newspaper Excerpt
Wm. F. R. Mills has been appointed receiver of the Hamilton Loan and Trust Company, at No. 150 Broadway.
Source
newspapers

Newspaper Articles (10)

Article from The Wichita Daily Eagle, August 10, 1893

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Article Text

A RECEIVERSHIP. NEW YORK, Aug. 9.- - William F. R. Mills has been appointed recei ver for the Hamilton Loan and Trust company at 150 Broadway. F. W. Popple was appointed at Denver a few days ago receiver for the company in the west. The company has loaned over $2,000,000 on western farms and has a paid-in capital of $359,000. The liabilities, outside of the capital stock, are about $330,000. The assets are over $500,000.


Article from New-York Tribune, August 10, 1893

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RECEIVERS FOR A LOAN AND TRUST COMPANY. Wm. F. R. Mills has been appointed receiver of the Hamilton Loan and Trust Company, at No. 150 Broadway. He is the second vice-president of the company. F. W. Popple, first vice-president, was appointed at Denver, a few days ago receiver of the property of the company in the Northwest, It having branches at Kearney, Neb., Denver, Omaha and Ta. coma. The company was organized in March, 1887, to make loans on farm mortgages and guarantee them, among the stockholders being prominent men in the bleaching, printing and dyeing business in this city. Moses E. Worthen became president. The company has lent, it is said. more than $2,000,000 on Western farms and had a paid in capital of $359,000. At the office It was said yesterday that the re: ceivers had been appointed as a matter of protection and to save the assets of the company, as it is said that there IV a Eirge surplus of assets over Habilities. The company WHS unable to make collections in the West, and, having a large amount of interest coming due under its guarantee, could not raise the maney 10 meet the payments. NO receivers were appelmed for the best interest of all. The Habilities outside


Article from Waterbury Evening Democrat, August 10, 1893

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Two Millions In Western Mortgages. NEW YORK, Aug. 10.-William F. R. Mills has been appointed receiver of the Hamilton Loan and Trust company at 150 Broadway. He is the second vice presi dent of the company. The company has loaned, it is said, over $2,000,000 on western farms and had a paid in capital of $359,000. The liabilities outside of capital stock are about $330,000 and assets over $700,000 in lands, first mortgages, accrued interest. etc.


Article from Capital Journal, August 10, 1893

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FINANCIAL FACTORS. The Crisis in Commerce Slowly Proceeds. Gold Movements Continue from Europe and the Skies Keep Clearing for Fairer Weather. New York, Aug. 9.-Wm. F. R. Mills was today appointed receiver of the Hamilton Loan & Trust company at 150 Broadway. F. W. Popple was appointed at Denver, Colorado, a few days ago receiver of the property of the company in the Northwest, it having branches at Kearney, Neb., Denver Omaha, and Tacoma. The company was organized in March 1887 to make loans on farm mortgages and guarantee them. The company has loaned, it is said, over $2,000,000 or western farms and had a paid in capital of $359,000. At the office it was said today that a receiver should have been appointed as a matter of protection and to save assets, as it is claimed there is a large surplus of assets over the liabilities. The outside capital stock is $330,000, and the assets are over $700,000.


Article from The Sun, August 10, 1893

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ASSIGNMENT OF FULLER BROS. d CO. Receivers for the Hamilton Loan and Trust Co. and the Automaton Plano Co. Fuller Brothers & Co.. commission merchants at 137 and 139 Greenwich street. have suspended and made an assignment to Cadwallader R. Mulligan of Dover. N. J. They are said to be the largest wholesale dealers in nails in this city and the oldest concern in that line here. They have always been regarded as conservative. The business was started in 1844 by the late Dudley B. Fuller. father of the present partners. The partners are George. Horace W., and Charles D. Fuller. They are the executors of the estate of D. B. Fuller and Mary Fuller, their father and mother. and Charles D. is trustee for Laura B. and Harriet Allen. They gave preferences in the assignment to various persons. but no amounts were mentioned. The preferences include the debts of the firm of Fuller. Lord & Co. in liquidation. debts owing to the assignors AS executors of the wills of Dudley B. and Mary Fuller. as trustees of Charles Reed. and to C. D. Fuller as trustee of Louis B. Allen and Harriet B. Allen. In the trade the firm was looked upon as wealthy and to have been doing a profitable business. In March last the firm reported itself to be worth more than $400,000. The members of the firm. besides joining in a general assignment. also made individual assignments to Mr. Mulligan. The Messrs. Fuller said yesterday that the assignment was the result of hard times. As commission merchants they had dealings with many nail mills, had made advances to them. and now were unable to collect from them. When asked if the total liabilities would reach $500,000 they said that they would not be anywhere near that figure. The assets are nominally largely in excess of the Habilities. but could not be realized upon in the present emergency. They consist of stock on hand and at the mills. outstanding accounts. bills receivable. &c., out no real estate. A son of Charles D. Fuller. one of the partners. was drowned in Long Island Sound a few days ago. F. B. Mills has been appointed receiver of the Hamilton Loan and Trust Company at 150 Broadway He is the second Vice-President of the company. F. W. Popple. First VicePresident. was appointed at Denver. a few days ago. receiver of the property of the company in the Northwest. Moses E. Worthen was President. The company has lent. it is said, more than $2,000,000 on Western farms. and had a paid-in capital of $359,000. The liabilities outside of capital stock are about $330.000. and assets over $700.000. in lands. first mortgages. accrued interest. &c. The Automaton Piano Company. which mana ufactures H. patent automaton piano attachment at 31 and 33 Tenth avenue. with an office at 15 East Fourteenth street. has become financially embarrassed. and Abram B. De Frece has been appointed receiver on the apd plication of Emile Klaber, e-President and general manager. who is the owner of 3,000 shares of the 10.000 total capital stock. The company was incorporated under New Jersey laws in June. 1891. with a capital stock of $500.000. The liabilities are about $40,000 and the actual assets $10,000. Thomas A. of Edison has obtained an attachment against the company in An action which he has brought M to recover $1. 766.97. alleged to be due for batteries and supplies. The company deposited ni in the Madison Square Bank. The directors da are John D. Crimmins. John A. Cockerill, A. B. Do Frece. H. E. Turner. Charles E. Selover. Co Emile Klauber. E. B. Koopman. A. D. Klauber. Crenh on


Article from Deseret Evening News, August 10, 1893

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RECEIVERS APPOINTED. NEW York, Aug. 9.-William J. R. Wells was appointed receiver of the Hamilton Loan & Trust company at 150 Broadway today. S. W. Popple was appointed at Denver, Colo., a few days ago receiver of the property of the company in the Northwest, it having branches at Kearney, Neb., Denver, Colo., Omaha, Neb., and Tacoma, Wash. The company was organized in March, 1887, to make loans on farm mortgages and guarantee them. The company has loaned, it is said, over $2,000,000 on western farms and had a paid-in capital of $359,000.


Article from The Salt Lake Herald, August 10, 1893

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RECEIVERS APPOINTED. The Hamilton Loan and Trust Company in the Courts. NEW YORK, Aug. 9.-William T. R. Mells was appointed receiver of the Hamilton Loan and Trust company, at 150 Broadway today. F. W. Popple was appointed at Denver, Colo., a few days ago, receiver of the property of the company in the northwest, it having branches at Kearney, Neb., Denver, Colo., Omaha, Neb., and Tacoma, Wash. The company was organized in March, 1887, to make loans on farm mortgages and guarantee them. The company has loaned, it is said, over $2,000,000 on western farms and had a paid in capital of $359,000. At the office it was said today that the receivers had been appointed as a matter of protection, and to save the assets, as it is claimed there is a large surplus of assets over liabilities. Outside the capital stock of $330,000 the assets are over $700,000, in lands, first mortgages, accrued interest, etc.


Article from The Herald, August 12, 1893

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A MATTER OF PROTECTION. Receivers Appointed for the Hamilton Loan and Trust Company. NEW YORK, Aug. -William F.R. Mills has been appointed receiver of the Hamilton Loan and Trust company, at 150 Broadway. F. W. Popple was appointed at Denver, Colo., a few days ago, receiver of the property of the company in the northwest, it having branches at Kearney, Neb., Denver, Omaha and Tacoma, Wash. The company was organized in March, 1887, to make loans on farm mortgages and guarantee them. The company has loaned, it is said, over $2,000,000 on western farms, and has a paid in capital of $358,000. At the office it was said today that receivers had been appointed as a matter of protection and to save assets, as it is claimed there is a large surplus of assets over liabilities. The liabilities outside of the cap. ital stock are $330,000. The assets are over $700,000 in lands, first mortgages, accrued interest, etc.


Article from River Falls Journal, August 17, 1893

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THE EAST. THE death of Charles G. Otis, of passenger elevator fame, occurred at his residence in Brooklyn, N. Y. IN New York the Hamilton Loan & Trust company went into the hands of a receiver with liabilities of $330,000. JOHN MIESTER, a wealthy baker of Brooklyn, N. Y., maddened by jealousy and drink, shot and killed his wife and then killed himself. AT Swinburne Island hospital in New York Vincenzo Cagliostro, aged 23 years, died of Asiatic-cholera. JOHNSTON, BUCK & Co., of Ebensburg, Pa., conducting banks at Ebensburg, Carrolltown and Hastings closed their doors. THR largest steamboat in the world was launched at Chester, Pa. She will ply in the Fall River line. THE firm of Henry A. Hartly & Co., carpet dealers at Boston, failed for $125,000; assets, $100,000. LIZZIE POND, Edith Flay and Ella Johnson, aged 10, 11 and 17 years, respectively, were drowned in Newark bay while bathing at Bayonne, N. J. THE Boston assessors estimate the population of the "Hub" at 580,000. The last census shows a population of 446,570. SEVEN cholera cases have developed among the passengers of the Karamania, recently arrived at New York. A FINGER has been substituted for a nose upon Fred Darcy by a surgical operation at Rochester, N. Y. IN the National league the percentages of the baseball clubs for the week ended on the 12th were as follows: boston, .696; Philadelphia, .607; Pittsburgh, .602; Cleveland, .602; New York, .506; Brooklyn, .489; Cincinnati, .472; St. Louis, .456; Baltimore, .433; Chicago. .407; Louisville, .365: Washington, .356. IN the presence of many persons of note the warship Minneapolis was launched at Philadelphia. THE supreme court of Rhode Island has sustained Gov. Brown (rep.) in his act of prorogning the May session of the legislature before it had elected state officers. This gives the state to the republicans. AT the Carnegie mills in Pittsburgh, Pa., the strike inaugurated during the Homestead trouble in 1892 has just been declared off.


Article from Warren Sheaf, August 17, 1893

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HUNDREDS of acres of tobacco at Lancaster, Pa., were ruined by hail. AN assignment was made by Robert H. Coleman, the Lebanon (Pa.) iron king, who was worth $10,000,000 two years ago, with liabilities of $5,000,000 and assets of $10,000,000. THE Madison Square bank in New York, the Bank of Wellsbury, Pa., owned by Samuel George, and the Barron county bank at Rice Lake, Wis., closed their doors. THE death of Charles G. Otis, of passenger elevator fame, occurred at his residence in Brooklyn, N. Y. IN New York the Hamilton Loan & Trust company went into the hands of a receiver with liabilities of $330,000. JOHN MIESTER, a wealthy baker of Brooklyn, N. Y., maddened by jealousy and drink, shot and killed his wife and then killed himself. AT Swinburne Island hospital in New York Vincenzo Cagliostro, aged 23 years, died of Asiatic cholera. JOHNSTON, BUCK & Co., of Ebensburg, Pa., conducting banks at Ebensburg, Carrolltown and Hastings closed their doors. THR largest steamboat in the world was launched at Chester, Pa. She will ply in the Fall River line. THE firm of Henry A. Hartly & Co., carpet dealers at Boston, failed for $125,000; assets, $100,000. LIZZIE POLD, Edith Flay and Ella Johnson, aged 10, 11 and 17 years, respectively, were drowned in Newark bay while bathing at Bayonne, N. J. THE Boston assessors estimate the population of the "Hub" at 580,000. The last census shows a population of 446,570. SEVEN cholera cases have developed among the passengers of the Karamania, recently arrived at New York. A FINGER has been substituted for a nose upon Fred Darcy by a surgical operation at Rochester, N. Y. WEST AND SOUTH. FIRE destroyed the Port Pitt tanneries and the warehouses of the Consolidated Wire company at Rankin, O., the loss being $125,000. MRS. ELIJAH DALTON, of Borden, Ind., was taken from the home of her husband by white caps and whipped terribly with hickorv switches. AT Mishawaka, Ind., A. D. Baker, owner of the wagon works, failed for $120,000. AT the Chicago stock yards Swift & Co., packers, laid off 500 men and reduced the wages of the remaining employes 10 per cent. FIVE women at Higbee, Mo., horsewhipped James Collins, who insulted one of their number. A BOILER explosion wrecked the Cadwallader flouring mill at Fostoria, o., and G. Davis, secretary of the mill, and F.C. Myers, bookkeeper, were killed. RESIDENTS of Glendive, Mont., gave a coat of tar to a white man and a garment of alabastine to his colored bride and ordered them out of town. THE stables of the driving park at Connersville, Ind., were burned and seven valuable horses were cremated. FLAMES destroyed all but two stores and a few houses at Snow Hill, Md., the loss being $300,000. GREAT destitution and suffering prevailed among the boomers along the Kansas line of the Cherokee strip. FLAMES nearly wiped out the village of Derby, Ind., the loss being over $100,000. A CIGARETTE caused the destruction by fire of much of the business part of Sidell, III. ALMOST the entire business part of Barnard, Mo., was destroyed by fire. JAMES JACOBS' livery stable at Goshen, Ind., was burned and twentyfive horses were cremated. FIRE ruined the business portion of South Wayne, Wis.