Mercantile Cooperative Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 13, 1900
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 91fc77bb

Response Measures

None

Description

Article (New-York Tribune 1900-10-13) discusses the receivers of the Mercantile Cooperative Bank and court matters involving them. No run or reopening is mentioned; a receiver has been appointed, indicating the bank was closed and in receivership (hence classified as suspension leading to closure).

Events (1)

1. October 13, 1900 Receivership

Newspaper Excerpt: As counsel for the receivers of the Mercantile Cooperative Bank Mr. Kisselberg ... asked Justice Marean yesterday for an order directing the payment of a small sum.
Source: newspapers

Newspaper Articles (1)

1. October 13, 1900 New-York Tribune New York, NY

Article from New-York Tribune, October 13, 1900

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Article Text

CRITICISES RECEIVERS' METHODS. As counsel for the receivers of the Mercantile Cooperative Bank Mr. Kisselberg, of Kisselberg & Bennett. asked Justice Marean yesterday for an order directing the payment of a small sum. The Justice remarked that there were too many orders of that character for the payment of two-penny claims. It looked as though the object was to get costs. If the conduct of an estate required the payment of moderate sums for various purposes, a proper course was to apply to the Court for leave to make a deposit out of which to pay small sums. The Court should not be required to authorize a payment of $15 as the foundation for a counsel fee of $50. It was absurd, said the Justice, to make the clearing up of the accounts of an estate cost as much as possible. Decision was reserved.