16239. Metropolitan Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 14, 1896
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
0e29e2a9

Response Measures

None

Description

Articles report that the Metropolitan Bank of New York had gone into liquidation and a receiver (Richard V. D. Wood) was afterward arrested for alleged misappropriation. No mention of a depositor run; the bank was in liquidation/receivership (permanent closure). OCR dates are inconsistent in the clipping; liquidation date not stated.

Events (2)

1. November 14, 1896 Other
Newspaper Excerpt
Richard V. D. Wood, receiver of the Metropolitan Bank of New York, was charged with having misappropriated $60,000 of the bank's funds.
Source
newspapers
2. * Receivership
Newspaper Excerpt
Richard V. D. Wood ... was afterward made receiver of that institution when it went into liquidation, was arrested ... charged of having misappropriated $60,000 of the bank's funds.
Source
newspapers

Newspaper Articles (2)

Article from Evening Journal, November 13, 1896

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Article Text

RECEIVER ARRESTED. Charged With Misappropriating 800,000 of the Funds of Metropolitau Bank. NEW YORK, Nov. 18.-Richard V. D. Wood, who was paying teller of the Metropolitan bank and was afterward made receiver of that institution when it went into liquidation, was arrested at his home in Piermont-on-the-Hudson on a charge of having misappropriated $60,000 of the bank's funds. The warrant for Mr. Wood's arrest was issued by United States Commissioner Shields several days ago. It was issued on an affidavit made by one of the bank's offleers and was placed in the hands of local detectives to serve. They searched for him in this city, but could not find him, and then went to his home at Piermont, where he was taken into eustody. When arrested, he refused to make any statement and was driven to Nyack, where he was locked up for the night. Commissioner Shields was seen at his home in Brooklyn, but could not tell any of the details of the charges against Mr. Wood. All he knew was that one of the officers of the bank had come before him and made an affidavit that Mr. Wood had misappropriated $60,000 of the bank's funds, and on this affidavit he issued the warrant. Mr. Wood is one of the best known men in Rockland county and has always been exceedingly popular in Piermont, where he has lived for many years.


Article from Evening Star, November 14, 1896

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Article Text

THE WEEK. Announcement was made that England and the United States had concluded an agreement respecting an arbitration treaty between England and Venezuela. This action on England's part was universally regarded as a recognition of the Monroe doctrine and an admission of this country's right to intervene in a dispute between England and one of the South American republics. The European press declared it to be a great diplomatic triumph for the United States. The good effects of the triumph of the sound money campaign continued. It was stated that 30,000 men had been put to work since election. The result in Kentucky was decided, McKinley obtaining a plurality of 258 for 12 of the 13 electors, Bryan receiving the other elector through incorrect marking of ballots. South Dakota republicans gave up the electoral, but claimed the state ticket. The governor of Delaware declared the three republican electors chosen, and disregarded technical objection that would have given the democrats one. The annual convention of the Woman's Christian Temperance Union met at St. Louis. The General Assembly, Knights of Labor, met at Rochester, N. Y. Richard V. D. Wood, receiver of the Metropolitan Bank of New York, was charged with having misappropriated $60,000 of the bank's funds. Governor Mitchell of Florida called a convention, to meet at Tampa, January 20, 1897, to consider plans for southern harbor defenses. The caucus of democratic members of the Georgia legislature took a number of ineffectual ballots for the Senatorship. The battle ship Iowa, on her builders' trial trip, attained a speed of 16.27 knots an hour, .27 of a knot above her contract requirements. The United States battle ship Texas sank in shallow water at her dock in the Brooklyn navy yard. Napoleon Sarony, the photographer, and Dr. Henry A. Mott, a well-known chemist, died. Foreign. Lord Salisbury, speaking at the lord mayor's dinner, in London, said he believed the controversy over the Venezuelan boundary ended. A cantonal court ordered the Bank of St. Gall, Switzerland, to hand over to the relatives of the wife of the long-missing Archduke John of Austria a million franks deposited by the archduke prior to his disappearance in 1889. Mrs. Walter M. Castle of San Francisco was released from prison in London, where she had been confined under a sentence for alleged shoplifting. One hundred persons were killed in Everek, Turkey, and nearly all the Armenian houses in the place were pillaged. Captain General Weyler took the field in person against the insurgents in Cuba under Antonio Maceo. John Auguste Huge Gylden, director of the observatory of Goettingen, died. In the District. The District Commissioners issued their schedule of street improvements for the coming fiscal year. Further complications arose between the garbage contractor and the inventor of the garbage crematory at the foot of South Capitol street, and the cessation of the garbage service was threatened. The health officer presented his annual report. Some alarm was occasioned among the people by the unusual prevalence of diphtheria and the Peabody School building was closed and fumigated because of the development of several cases among the pupils. Arguments were begun in support of the application of the United States Electric Lighting Company for a permanent injunction to prevent the District Commissioners from granting permits for electrical construction to the Potomac Electric Power Company, and from awardirg the contract for public electric lighting to that company. The receiver for the Eckington and Belt Railway Companies presented his report to Judge Cox of the District Supreme Court, detailing the proposals received by him for the experimental equipment of the roads on a rapid transit basis, and recommending the acceptance of the Hoadley motor for test purposes. The thirtieth session of the National Grange, Patrons of Husbandry, was begun. The annual meeting of the board of trade was held;' reports were presented of the work accomplished during the past year and new directors were elected; at a subsequent meeting of the board of directors the old officers were re-elected. The annual sessions of the Associated Charities, Woman's Suffrage Association of the District and the National Association of Agricultural Colleges and Experiment Stations were held. B. W. Frazier, proprietor of the Hotel Wellington, committed suicide near the Chain bridge by shooting.