16262. Murray Hill Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 11, 1896
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
7102def1

Response Measures

None

Description

The Murray Hill Bank was closed by the New York Superintendent of Banking on Aug. 11, 1896 (notice posted on door). The suspension was attributed to heavy real-estate loans and being behind in legal reserves. There is evidence depositors and directors attempted a reorganization/resumption, but courts later found the bank insolvent and permanent receivers were appointed in early January 1897 and dissolution proceedings followed. No run is described in the articles.

Events (4)
1. August 11, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Superintendent and newspapers report the bank had taken a considerable amount of real estate for loans and was behind in its legal reserve, prompting suspension.
Newspaper Excerpt
This bank is closed pending an examination of the condition of its affairs. (notice signed by F. D. Kilburn, Superintendent of Banking)
Source
newspapers
2. August 13, 1896 Other
Newspaper Excerpt
If in the meantime the bank should raise the stipulated $100,000 he would permit it to resume business. Victor Freund... offered to contribute $50,000... (report on efforts to raise cash for resumption and reorganization plan.)
Source
newspapers
3. August 20, 1896 Other
Newspaper Excerpt
The officers and directors of the Murray Hill Bank... were yesterday busily engaged in looking for the $100,000 cash which they are pledged... The Superintendent of Banking... believes the bank can be rehabilitated. (plans and meetings to effect resumption.)
Source
newspapers
4. January 9, 1897 Receivership
Newspaper Excerpt
...final order January 9, 1897...appointed Trask and O'Brien permanent receivers... the Superintendent of Banks had taken possession... directed the Attorney-General to institute proceedings necessary to wind up its affairs.
Source
newspapers

Newspaper Articles (23)
1. August 12, 1896 The News & Observer Raleigh, NC
Article from The News & Observer, August 12, 1896

Click image to open full size in new tab

Article Text

THE MURRAY HILL BANK FAILS. It Is One of the Oldest Banking Institutions in New York. New York, Aug. 11.-The following notice signed by F. D. Kilburn, Superintendent of Banking, was posted on the doors of the Murray Hill bank to day: "This bank is closed pending an examination of the condition of its affairs." The bank is one of the oldest State institutions in this city. The deposits amount to about $1,250,000 and it is believed that they will be paid in full. One reason advanced forthesuspension is the fact that the bank had to take a considerable amount of real estate for loans.

2. August 12, 1896 The Wilmington Daily Republican Wilmington, DE
Article from The Wilmington Daily Republican, August 12, 1896

Click image to open full size in new tab

Article Text

A N&W York Bank Closed. NEW YORK, Aug. 12-The Murray Hill bank, doing business at No. 760 Third avenue, one of the oldest state banksin the city, has closed its doors. A notice, signed by the state superintendent of banking, which was posted on the door, states that the bank is closed pending an examination of its affairs. The bank has deposits of about $1,250,000, which it is believed will be paid in full. It is understood that the bank was compelled to suspend because it has had to take a good deal of real estate for loans.

3. August 12, 1896 Pine Bluff Daily Graphic Pine Bluff, AR
Article from Pine Bluff Daily Graphic, August 12, 1896

Click image to open full size in new tab

Article Text

Too Much Real Estate. NEW YORK, Aug. 12. -The following notice signed by F. D. Kilbourn superintendent of banking, was posted on-the door of the Murray Hill bank today: "This bank closed pending examination of the condition of its affairs." The bank is one of the oldest state institutions in this city. Deposits amount to $1,250,000. One reason for suspension is the fact that the bank had to take a conalderable amount of real estate for loans.

4. August 12, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, August 12, 1896

Click image to open full size in new tab

Article Text

NEW YORK MARKETS. The Stock Exchange. New York, Aug. 11-The course of the stock market clearly reflected the intervention of aggressive buil leadership, and the temper at the close of business was much more cheerful than for some time past. This theory was borne out by the failure of the determined efforts made by the bears to emphasise several unfaverable developments, including the suspension of the Murray Hill bank. a disappointing exhibit by the St. Paul for the first week, recurrence of stiff money rates and unsatisfactory government crop statistics. London was inclined to the bull side, owing to the smoothness with which the fortnightly settlement has progressed in the American department, and further weakness in the exchange market offset the comparatively high rates for money. Conflience in an early amicable arrangement as to rates between the Southern roads was also expressed. A feature of operations was again the execution of numerous small cash investment orders, and in addition to the pool supply, the market was strengthened by the heavy covering purchases by some of the bear leaders, who appreciated the change in the speculative conditions and turned abruptly. Business was on a fairly large scale, with Sugar and St. Paul leading, and was well distributed. The market opened strong and higher, but the tendency toward Improvement was soon checked by a vigorous drive by the bears' announcement of the suspension of the Murray Hill bank. In the resulting declines Northwest dropped 2%, to 86% and Sugar 1½ per cent. The unwieldy short interest immediately took fright, and under heavy buying for both accounts prices advanced 3% per cent. In Sugar the stock touched 100%. Northwest rose 4 per cent. The closing was at the highest prices of the day .The bond market developed decided strength on speculative and investment purchases for local and foreign account. Sales, $1,180,000. Governments ruled fractionally higher for the new 4s, on purchases of $11,000. Silver certificates were steady, at 68% for $4,000. Money and Exchange. Money on call, firm at 3@6 per cent.; closed 4; prime mercantile paper, 616@716 per cent. Sterling exchange easy, with actual business in bankers' bills at $4,87% @4.87% for demand and $4.88@4.88% for 60 days; posted rates, $4.874@4.89 and $4,88@) 48916; commercial bills, $4.87. Silver certificates, 68%@68%c.

5. August 13, 1896 The Providence News Providence, RI
Article from The Providence News, August 13, 1896

Click image to open full size in new tab

Article Text

TELEGRAPHIC BREVITIES. Herr Otto Lilienthal, the "Flying Man," was killed near Berlin. Thirty postoffices of the country show a gain in receipts over July, 1895. Great Britain has claimed and seized a rich section of Alaskan territory. An electric railway it to be built between New York and Philadelphia. The Turkish government refuses to make any concessions to the Cretans. It appears not impossible that the Murray Hill bank may resume business. Barbarities of Japanese troops toward the inhabitants of Formosa are reported. There is a strong sentiment apparent in Cuba for annexation to the United States. The gold withdrawals yesterday were $167,300, leaving the gold reserve $106,794,954. The Burlington road is to establish a daily newspaper, printed and published on their trains. The sultan has conferred upon Miss Clara Barton the emblem of the second class of the Order of Chofakat. The suspension of F. A. Phillips of the New York Consolidated Exchange has been announced. The failure is of minor importance. Present indications are that Li Hung Chang will visit President Cleveland, if he sees him at all, at Gray Gables, or in that vicinity.

6. August 13, 1896 Delaware Gazette and State Journal Wilmington, DE
Article from Delaware Gazette and State Journal, August 13, 1896

Click image to open full size in new tab

Article Text

SUSPENSION OF BUSINESS. The Murray Hill Bank of New York City Closed. New York, Aug. 11.-The following notice, signed by F. D. Kilburn, auperintendent of banking, was posted on the door of the Murray Hill Bank today : "This bank is closed pending an examination in the condition of its affairs." The bank is one of the oldest State institutions in this city. The deposits amount to about $1,250,000 and it is believed that they will be paid in full. One reason advanced for the suspension is that the bank had to take a considerable amount of real estate for loans.

7. August 14, 1896 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, August 14, 1896

Click image to open full size in new tab

Article Text

bond of $200,000. The liabilities of the firm are $517,000 and the nominal assets $819,000. They are controlling stockholders in the Olympic Cycle Manufacturing Company. NEW YORK, N. Y., Aug. I3.-A corps of clerks and officials is busy on the books of the closed Murray Hill Bank. Superintendent of Banks Kilburn said that his report would not be ready for two days yet, and if in the meantime the bank should raise the stipulated $100,000 he would permit it to resume business. Victor Freund, a director of the bank, has offered to contribute $50,000, provided the bank officials raise the remaining $50,000. INDIANAPOLIS, IND., Aug. 13.-Special Judge Hammond of the Circuit Court appointed P. C. Tresier receiver of the Union National Bank and Loan Association. The association was one of the largest in the State, having assests of over $500,000.

8. August 14, 1896 Twice-A-Week Plain Dealer Cresco, IA
Article from Twice-A-Week Plain Dealer, August 14, 1896

Click image to open full size in new tab

Article Text

BANKS CLOSE. Various Causes for the Suspension of Financial Institutions. THREE OF THEM CLOSE THEIR DOORS. They Are the Murray Hill Bank of New York, North & Taylor of Chicago, and Security of Duluth-All Will Pay in Full. New York, Aug. 12..-The Murray Hill bank, doing business at 760 Third avenue, one of the oldest state banks in the city, has closed its doors. A notice, signed by the state superintendent of banking, which was posted on the door, states that the bank is closed, pending an examination of its affairs. It is stated that the Murray Hill bank was closed by order of Superintendent of Banks Kilburn because it was behind in its legal reserve of money and could not carry on business. The directors say the bank will resume in a few daysand pay 100 cents on the dollar. The total assets are expected to be $1,000,000, about $500,000 greater than the liabilities. Many of the depositors are willing to sell their deposits for onehalf their value. Chicago Bank Goes Under. Chicago, Aug. 12.-North & Taylor, private bankers, who did business at 959 West Madison street, suspended Tuesday. The bank depositors are working men and the total amount of their savings is placed at $100,000. The firm had a capital of $50,000. Charles A. North and Louis D. Taylor, the partners, have been in business for several years. They were compelled to discontinue because of the extraordinary condition of the money market and inability to realize on securities. Depositors are promised full payment. The Equitable Trust company was appointed receiver. Security Bank of Duluth Closed. Duluth, Minn., Aug. 12.-The Security bank, of Dulnth, one of the largest state banks in the state, closed its doors Tuesday morning. The capital stock of the bank was $100,000 and its surplus $40,000. Its last statement showed total resources of $535,835. There was $6,740 of undivided profits on hand. The total deposits on July 22, the date of the bank's last statement, were $329,324. The officers of the bank say that they expect to pay all deposits in full. Millers Assign. Hamilton, O., Aug. 12.-The Carr & Browne company, of this city, which runs a large flouring mill, assigned Tuesday morning to William E. ,Browne, president of the Second national bank. The assignee gave bond in the sum of $30,000. Assets, $26,000; liabilities not given. Liabilities of $200,000. Boston, Aug. 12.-The assignment is announced of W. H. Treworgy, wholesale lumber dealer. It is understood that the liabilities are in the vicinity of $200,000.

9. August 14, 1896 New-York Tribune New York, NY
Article from New-York Tribune, August 14, 1896

Click image to open full size in new tab

Article Text

FOURTEEN PAGES. THE NEWS THIS MORNING. FOREIGN.-The House of Lords agreed to the House of Commons reamendments of the Irish Land bill, and the measure will now beValkyrie III has reached the come a law. Sir John Millais, the painter, other side. president of the Royal Academy, died in LonDr. Nansen, the Arctic explorer, ardon. rived at Vordöe, one of the islands of Norway; he had reached 85 degrees 14 minutes north latitude. DOMESTIC.-Major McKinley addressed a visiting delegation of old soldiers on the disappearance of sectionalism from this country, Congressman Galusha A. Grow spoke on silver in Towanda, Penn. The Pennsylvania State Democratic Committee met at Harrisburg, accepted the resignation of Chairman Wright, and voted to reconvene the Conrention. Hovey and Hobart won the Eastern championship in lawn tennis doubles at Cooper defeated Bald Narragansett Pier. in the two-mile National championship bicycle race at Louisville. CITY AND SUBURBAN.-There was a general feeling of relief among. business men over the failure of W. J. Bryan's speech on Wednesday evening; the stock market was strong; a reception by Mr. and Mrs. Bryan at the Windsor was attended by a small number of persons, and the Democratic managers were reported to be The weather was thoroughly disheartened. cooler, and the record of deaths and prostrations from the heat was not so large as on WednesThe Board of Estimate appropriated day. The sus$5,000 for free ice for the poor. pension of the jewelry house of S. F. Myers & Co., and proceedings for its dissolution were A said to be due to the silver agitation. plan for the reorganization of the Murray Hill Bank was adopted by the directors and stockholders and approved at a meeting of depositors. "The New-York Times" was sold in a formal proceeding. The Brooklyn baseball team defeated the Baltimore nine, and were deStocks feated by them. at Eastern Park. were strong and higher. THE WEATHER.-Forecast for to-day: Cooler: probably severe local thunderstorms, followed by clearing weather. Temperature yesterday: Highest, 94 degrees; lowest, 80; average, 86%.

10. August 19, 1896 The Ely Miner Ely, MN
Article from The Ely Miner, August 19, 1896

Click image to open full size in new tab

Article Text

THE NEWS. Compiled From Late Dispatches. DOMESTIC. Linn O'Neill, of Toledo, O., aged five years and blind, one of the greatest musical prodigies the world ever produced, died from the effects of the heat. During a storm at Cleveland many small boats on the lake were wrecked but no lives were lost. Bob Pierson and Morris Jacobs, pugilists, who attempted to fight near Cincinnati, were arrested and fined $100 each and sent to jail for 50 days. Harry K. Brown, exchange clerk of the Bullion and Exchange bank of Carson, Nev., is said to be a defaulter to the extent of $75,000. The Security bank of Duluth, Minn., one of the leading banks of the city, closed its doors with deposits of $800,000. A fire on the water front of Norfolk, Va., destroyed property valued at $100,000. Five lives were lost in a fire which occurred in A. K. Warren & Co.'s electrical supply manufactory in New York, the property loss being $100,000. The Murray Hill bank in New York suspended payments with liabilities of $500,000. S. K. Martin, president of the S. K. Martin Lumber company of Chicago, the largest lumber firm in the world, died at Alma, Mich., aged 59 years. Joseph Kohler and his wife were killed by the cars at a crossing near Canton, O. Fire in the penitentiary at Anamosa, Ia., destroyed the large library-room of 8,000 volumes, the tailor shop, the dining-room and chapel. The hot wave was broken in the northwest on the 11th, but continued in the east and south. On the date named 146 persons died from the heat in New York, 22 in Brooklyn, 18 in Philadelphia, 12 in St. Louis, 16 in Terre Haute, Ind., 8 in Chicago and several in other towns, the total reported being 265. The reports as to the condition of the crops throughout the country are favorable, corn especially having been greatly benefitted by the hot weather. During a thunder-shower at Rogers, Ark., B. J. Bryant and his five-year-old daughter were struck by lightning and killed. W. H. Treworgy, wholesale lumber dealer in Boston, failed for $200,000. North & Taylor, private bankers in Chicago, suspended payments, with liabilities of $100,000. Lena Rivitt, aged 16, and Cora Goanette, aged ten, were drowned while bathing in Pinedale pond near Athol, Mass. A ten-year-old boy named Mills killed the two little children of Frank Powers at Hollywood, N. C., because they would not stop crying. By a flood in the Tiptown river in the vicinity of Bourbon, Ind., houses, barns and crops were destroyed and 25 persons lost their lives. E. S. Sanborn & Co., of Lynn, Mass., manufacturers of ladies' shoes, failed for $100,000. A strike has been ordered in all mines in Ohio where the men are working for less than the rate established at the last scale meeting, and all mines operated under the contract lease system. Josiah E. Kelley, for 27 years assistant cashier of the First national bank at South Bend, Ind.. killed himself because of a shortage of $24.000 in his accounts. The Manhansett hotel at Shelter Island, one of the largest and most fashionable of the summer hotels on the Long Island coast, was burned, the loss being $100,000. The Michigan Buggy company's factory at Kalamazoo was burned, the loss being $100,000. Miss Celia Rose, 24 years old, is in jail at Mansfield, O., charged with killing her father, mother and brother with poison. In a wreck on the Lake Shore road near Otis, Ind., Engineer James Griffin and Fireman Michael Roach, both of Elkhart, Ind., were killed. The Knights and Ladies of Industry, a benevolent order with headquarters in St. Louis, went out of existence. S. F. Myers & Co., manufacturing jewelers in New York city, failed for $500,000. During a storm at Pittsburgh, Pa., and vicinity six lives were sacrificed and thousands of dollars' worth of property laid waste.

11. August 20, 1896 New-York Tribune New York, NY
Article from New-York Tribune, August 20, 1896

Click image to open full size in new tab

Article Text

FUTURE OF THE MURRAY HILL BANK. EFFORTS TO RAISE THE FUNDS NECESSARY UNDER THE REORGANIZATION PLAN. The officers and directors of the Murray Hill Bank, after the ratification of the plan submitted to a mass-meeting of the depositors Tuesday evening, were yesterday busily engaged in looking for the $100,000 cash which they are pledged, according to the plan, to raise. For an insolvent bank to raise that amount is not the work of a moment, and patience on the part of all concerned will be required. President Hopkins, Mr. Smith, the receiving teller, and Samuel Untemyer, counsel for the bank, were all hopeful of the ultimate outcome of their efforts. Mr. Kilburn, Superintendent of Banking, believes the bank can be rehabilitated. He is not pressing the matter of a receivership, and can delay doing so as long as he sees a possibility of the bank's securing the $100,000 cash necessary to resume. The plan which has been ratified by the depositors and stockholders is being sent out to all of them for signatures. President Hopkins is conservative in his statements, and was unwilling to say yesterday just when he thought the bank would resume, if he and the directors succeeded in their work. Asked if it would be within a month he said: "Oh, it has got to be sooner than that." No more definite statement could be gotten from him. The bank is now in charge of the bank examiner, who is still at work on the assets and liabilities, a revised list of which will probably be ready by the end of the week. President Hopkins said that after the settlement of the Clearing House exchanges, on his rough estimate, the assets exceeded the liabilities to depositors by $200,000.

12. August 21, 1896 The United Opinion Bradford, VT
Article from The United Opinion, August 21, 1896

Click image to open full size in new tab

Article Text

THE WEEK'S NEWS. THURSDAY, AUG. 13. Bryan and Sewall notification meeting in New York-Many prostrations and deaths from heat reported—-House of commons supported government on Irish land bill amendments-Betting ? to I against Bryan in New YorkNew E :;land silver Democrats hope to Indnce Bryan to make spee in Massachusetts and Connecticut — San Francisco banks reluctant to receive deposits of silver-Mail carrier killed by train at Hyde Park, Mass--------------------- Streets n laid out in 7500 acres of woodland in Dorchester, nominated for superintendent of public instruction in Michigan declared ineligible-publicans of western Vermont opened their campaign at Rutland-Youthful at would-be train wrecker caught New Canaan, Conn-Jake Kilrain matched to fight Frank Slavin---Herr Otto Lilienthal, the "Flying Man," killed near Berkin-Electric railway to be built between New York and Philadelphia-Thirty postoffices of the country show a gain in receipts over July, 1895-It appears not impossible that the Murray Hill bank may resume business-Great Britain claimed and seized rich section of Alaskan territorya Barbarities of Japanese troops toward the inhabitants of Formosa reported -Strong sentiment apparent in Cuba for annexation to the United States Purlington road to establish a daily newspaper, printed and published on their trains— S. Sanborn & Co., shoe manufacturers, Lynn, Mass., failed, with estimated liabilities of $75,000-Turkish government refuses to make any concessions to the Cretans—J. F. Ober, Boston architect, died suddenly a Sultan conferred upon Miss Clara Barton the emblem of the second class of the Order of the Chofakat—Clifford Hale, aged 15, drowned at Newburyport, Mass --James A. Hagley, aged 16, killed on the Consolidated road at Hyde Park, Mass-The Neal Morse company of Boston, dealers in woolens, assigned. No figures given out. FRIDAY, AUG. 14. Cool wave brought relief to suffering New Yorkers-Reception at New York by Mr. and Mrs. Bryan very slimly attended-Dr. Nansen, the explorer, arrived at Vardoe, off Finmark, on his return trip-Irish land bill will become a law, as amended-Colonel A. C. Drinkwater of Braintree, Mass., is a candidate for congressional honors— Whitehead of Cambridge, Mass., won the senior singles at the Saratoga regatta -Griffo, the pugilist, sent to prison for a year for assault-Tom Butler, Nat Butler and Cooper won chief races of the L A. W. meet-Maine gold standard Democrats issue a call for a mass convention-John Teague drowned while bathing in Lowell, Mass— Two West Point cadets dismissed for hazing-Mary Foster, the missing Lancaster (Mass.) girl, found in Fitchburg-Further ourtailment probable in Fall River (Mass.) mills-Two jewelry failures in New York-Italian minister ordered to Washington to investigate reported lynching in New Orleans Vest makers' strike in New York to be called off - Withdrawal from Knights of Labor of Window Glass Workers' association of the United States Big labor demonstration in Lynn, Mass. Parade of locked-out lasters of Thomas G Plant Shoe company Manhanset House, Shelter island, damaged $200,000 by fire-Death of exSenator Gibson of Chicopee, Mass— Field Marshal Yamagata has returned to Japan-Three dynamiters to be released from an English prison-Patrick C. Keely, the famous architect, died in Brooklyn-Cuban junta negotiating for the purchase of a fast ocean tug-Edward J. Howard of Bocton arrested at Portland, Me., on a charge of forgery -Yaqui Indians attacked the Mexicans on the southern Arizona boundary line-Eastern railroads must reduce freight rates if they would ho'd the western grain traffic-Mercer county, N. J., failed to dispose of its bonds, which are not, in terms, payable in gold -Rev. Edward J. Sheridan, pastor of St. Mary's church, Taunton, Mass., for a quarter of a century, is dead-Sir John Everett Millais, president of the Royal academy, died in London. SATURDAY, AUG. 15. Bryan's friends complain that he is being too much managed-Probability that McKinley will take the stump himself-Republican national committee to distribute 1,000,000 copies of Blaine's anti-silver speech Niagara Falls special train collided with a handcar near Falls Village, Conn.; section foreman killed-John Mueller, a New Jersey farmer, thought to have been murdered by his wife-President objects to hazing at the military academy at West Point-Deaths caused by the excessive heat in New York are estimated at nearly 1000-Push cart venders of stale fruit and vegetables raided by New York police-Four men shot, 11v in labor affray at Cleve-

13. August 21, 1896 New-York Tribune New York, NY
Article from New-York Tribune, August 21, 1896

Click image to open full size in new tab

Article Text

THE MURRAY HILL BANK. MR. UNTERMYER TAKING THE STEPS NECESSARY TO MAKE RESUMPTION POSSIBLE. Samuel Untermyer, counsel for the temporary organization of the depositors of the suspended Murray Hill Bank, yesterday continued sending out to the depositors for signature the statement of the plan proposed by their committee, which was ratified by them in open meeting. Mr. Untermyer calls upon them for immediate action. as delay might jeopardize their interests. When the signatures are obtained the matter will be brought before the Board of Directors, who have promised $50,000 toward rehabilitating the bank. When their promise has been made good and the other cash necessary for resumption raised, the Superintendent of Banking, Mr. Kilburn, will be informed, and if he is satisfied, will so make his report to the State Attorney-General, and the bank will doubtless be allowed to resume. If it does, changes in its management will take place. There is already on foot a movement among the depositors, for whom Mr. Untermyer is acting, to elect an entirely new board of directors. It is also expected that President Hopkins, who assumed the management of the bank unwillingly, but whose administration has been highly indorsed, will step out and a new president will be elected. No man has yet been decided on for the position.

14. August 22, 1896 New-York Tribune New York, NY
Article from New-York Tribune, August 22, 1896

Click image to open full size in new tab

Article Text

MURRAY HILL BANK REORGANIZATION. The signatures to the plan sent out to depositors for the reorganization of the Murray Hill Bank are coming in faster than had been looked for. The statement published in yesterday's Tribune that there would be an entire new Board of Directors elected and that President Hopkins would step out In case of resumption was verified yesterday. The Superintendent of Banking. F. D. Kilburn, is away at present and will not return to the city until next Friday. Meanwhile no steps can be taken toward appointing a receiver for the bank, and by the time of his return the bank's officers fully expect to have completed the preliminaries for resumption.

15. September 22, 1896 The Sun New York, NY
Article from The Sun, September 22, 1896

Click image to open full size in new tab

Article Text

"SINHAT trait 10 business in the Supreme during Courtin the y has parte rtnight in been while attended September Judge to by Mr. Truax Special Jus- has eekman. litigated motions at formerly of n in gh. the in has that had Brooklyn, city. his Judge first being Dickey, assigned experience to at hold Spe- September. the court throughout prooh of introduced a novelty in judicial sit behaving his confidential clerk by the n the bench. A law passed Court a on of 1896 permits the Supreme except :re the Second Judical district. appoint in Appellate Division, each to shall be to the clerk. whose duty it Special ntial sittings of said court at all by the 10 Trial Terms presided over perform nd whom he Is appointed. and to him by 01 passisse eq 11"ᴴ" su soinp & er stice." Judge Dickey's 'uos sit Frederick Smyth. sitting at the Special dismissed the trial of equity causes, has by erits the complaint in a suit brought Wiman's c. Huber to set aside Erastus The for the benefit of his creditors. fraud in nt was attacked on the ground of which beto state all the property claim , Mr. Wiman and in setting out a whole himself which was fictitious, in Wiman B 01 un shill charged ost# SUM 11 1 roperly turned over certain bonds instead of a Staten Island corporation of ring them to his assignee. On none the nts. however. was the proof against Court. t strong enough to convince the any idence does not necessarily lead to on tion of fraud or fraudulent intent but of Wiman," says Judge Smyth. as t equally consistent with innocence bound -xe IIIM ww 1 08 Bujeq that pun :Sujopsu to it that construction which im from a dishonest intent." ous case came up last week in Judge Part Court of General Sessions, where 01 physi- V mouth. siys president #1 PI ed Benjamin Hawker was brought convicted upon an indictment which him with practising medicine after een convicted of a felony. Under be chapf the Laws of 1895 it is declared to a anor for any person who has been cona felony to practise or attempt to praccine. The proof showed that Dr. and Hawkeen convicted of is felony in 1887. sel raised the point that the act of 1895 to : post facto law 80 far as it applied ndant. and was therefore unconstitu- who xcept in reference to physicians ffer conviction for felony subsequent me of its passage. Judge Fitzgerald cuch impressed with the force of this that he granted a certificate of reasonbt. pending an appeal to the Supreme of d let the prisoner go in the custody el. pointment in Orange county of two res; moques JO netther bank York MeN B , t of New York city. was one of the most by court incidents of the past week. orney-General appears to have been ed with the act of Mr. Justice Pryor upreme Court here in appointing ren a proceeding by the directors for a ; dissolution of the Murray Hill Bank. herefore applied in Newburgh for the ent of some other gentlemen. and the ere named Edward H. Hobbs of BrookBenjamin B. Odell. Jr.. of Newburgh. obbs is an old soldier. a lawyer of exanding. and an active politician among klyn Republicans. Mr. Odell is the man from the Seventeenth district. - formidable candidate for the Repubination for Governor. and is a warm of District Attorney Hirschberg of ounly for one of the Supreme Court pa in the Second Judicial department. w York bar has suffered a notable loss eek just ended in the sudden death of - Anderson. of heart failure, at York n Maine. Mr. Anderson had been for ars one of the more prominent figures ey: su pus and sities up profession 182 ounsellor of those who had large esmoney interests in their charge no X the community enjoyed greater confiSEAL oq adverse UV S 3 is work was chiefly done in his office. the newspapers have spoken of him 3 death as a corporation lawyer. a term 1 a -oeçqo nw u) n eq 41 -011 1som ST 11 neqa step 01 asua 3 applied to men who give their pro25 advice to assist in the accomplishment ional ends by corporate devices. Mr. was not a corporation lawyer in that all: but for many years he had been ar counsel for numerous companies aracter was as conservative as his ring the formative period of its re. existence. Mr. Club Anderson in this was city, the

16. October 11, 1896 New-York Tribune New York, NY
Article from New-York Tribune, October 11, 1896

Click image to open full size in new tab

Article Text

RECEIVERS WHO CAN'T RECEIVE. UNSUCCESSFUL EFFORT TO GET HOLD OF MURRAY HILL BANK ASSETS. Newburg, N. Y., Oct. 10.-Before Justice William D. Dickey, in Supreme Court Chambers, this morning, Senator Mullin asked, in behalf of Congressman Odell and Mr. Hobbs, receivers of the Murray Hill Bank, New-York City, that certain securities and money belonging to that institution be turned over to the receivers by the First National Bank, Fifth Avenue Bank and the National Bank of Commerce, of New-York. - Counsel for the three banks declared they had no interest in either of the two sets of receivers of the Murray Hill Bank, but they wished to have their banks protected, so that there would be no possibility of their being compelled to pay the whole amount a second time. Judge Dickey decided that no such summary disposition of the matter could be made, and he denied Senator Mullin's motion. Demand may be made upon the banks to turn over the funds, and then, If this is not done, suit may be instituted.

17. January 16, 1897 New-York Tribune New York, NY
Article from New-York Tribune, January 16, 1897

Click image to open full size in new tab

Article Text

LEGAL INTELLIGENCE. PROCEEDINGS IN LOCAL COURTS. Mr. Hotchkiss, representing 83 per cent of the depositors of the Murray Hill Bank. asked Justice Beach, in the Supreme Court yesterday, to appoint a referee in place of the present receivers, Messrs. Trask and O'Brien. It was alleged that the depositors wanted to reopen the bank, and that the assets could be more economically administered by a referee than by receivers. Deputy Attorney-General Kisselburg asked until Tuesday to look into the case, and an adjournment was taken to that date.

18. January 21, 1897 The Durham Recorder Durham, Hillsboro, NC
Article from The Durham Recorder, January 21, 1897

Click image to open full size in new tab

Article Text

An anti-theater hat bill has been introduced in the Missouri Legislature. The first snow known for three years fell in different sections of Texas Tuesday. The New York State Senate has passed a resolution calling upon Congress to increase the pay of letters carriers. Three British warships will take part in the water carnival in the Bay of San Diego, on February 23, in honor of Admiral Beardslee's retirement. Detective Wittick, of Columbia, Pa., arrested at that place Tuesday night, a negro, believed to be John J. Jones, who on January 17, 1890, murdered three men at Springfield, Ohio. The Brotherhood of Railway Trainmen will oppose the movement to reduce railway rates in Missouri to two cents a mile, on the ground that it means reductions in wages. Judge Andrews, of New York, Wednesday appointed Miles O'Brien and Spencer Trask permanent receivers for the Murray Hill Bank in proceedings for a voluntary dissolution of the bank. Edwin A. Burgess, belt manufacturer, of Providence, R. I., doing an extensive business under the name of A. Burgess & Son, made an assignment Wednesday to Benjamin W. Pearsons. The directors of the Chicago Board of Trade have adopted a resolution protesting against the unfriendly action of France, Germany, and Switzerland, tending toward the restriction of trade in American meats. The Missouri Supreme Court has decided the State law forbidding opium smoking and the operation of opium dens to be unconstitutional, the court holding that man has a "divine right" to smoke whatever he pleases. George E. Ross, who embezzled $1,000 while acting as money clerk for the Pacific Express Company at Kansas City, Mo., and was arrested at Eaton Rouge, La., has pleaded guilty, and was sentenced to the penitentiary for two years. The Bellevue Hospital Medical College, a three-story building inside the hospital grounds, in New York, took fire yesterday. The two upper floors were gutted, and much damage was done by water. The loss to the building is estimated at $15,000. Tablets making the spot where Abraham Lincoln was nominated for the presidency in 1860, the spot where the great Chicago fire of 1871 burned itself out, and where the old Sauganash House stood in pioneer days will be erected by the Chicago Historical Society. At the for-fourth annual meeting of the American Society of Civil Engineers, the following officers were elected for the ensuing year: President B. M. Harrod, of New Orleans; Vice Presidents, Col. George H. Mendall, of San Francisco, and John M. Wallace, of Chicago; Treasurer, John Thomson, of New York.

19. June 9, 1897 New-York Tribune New York, NY
Article from New-York Tribune, June 9, 1897

Click image to open full size in new tab

Article Text

OTHER IMPORTANT DECISIONS. THE MURRAY HILL BANK RECEIVERS-BROOKLYN CIVIL SERVICE CASE. Albany, June 8.-The Court of Appeals has decided with the Attorney-General in the matter of the dissolution of the Murray Hill Bank. The appeal was made by Spencer Trask and Miles M. O'Brien as receivers of the Murray Hill Bank, appointed by a final order January 9, 1897, and by a committee of the depositors representing about $500,000 of claims, from an order of the Appellate Division of the Supreme Sourt reversing the final order of Justice Andrews, which directed the dissolution of the Murray Hill Bank and appointed Trask and O'Brien permanent receivers, and denied the application of AttorneyGeneral Hancock to dismiss this proceeding. The Murray Hill Bank was closed on August 11, 1896, by order of the Bank Superintendent, who also directed the Attorney-General to institute proceedings necessary to wind up its affairs. He requested Mr. Hancock to defer the beginning of proceedings for a reasonable time, to give the directors time to restore the impairment of about $260,000. It was contended that this delay was not asked for in good faith, as it appears that shortly after the doors of the bank were closed the president and various directors consulted with the bank's attorney, James McGregor Smith, and began the present proceeding. The Attorney-General and Bank Superintendent held that these voluntary proceedings could not be instituted for a dissolution of the corporation and for an administration of its affaiars, for the reason that the Superintendent of Banks had taken possession of the bank. The Appellate Division, First Department, decided against the Attorney-General and sustained these proceedings. Another action was begun in the Second Department, and an order appointing Edward H. Hobbs, of Brooklyn, and Benjamin B. Odell, jr., of Newburg, receivers. The Appellate Division of the Second Department reversed the order, and an order directing them to pay over the assets to Spencer Trask was also reversed by the Appellate Division of First Department. The various contentions were also brought before a referee, who found the bank insolvent. and reported that it should be dissolved by a final order in such proceedings. The report of the referee was confirmed on January 19, 1897, by Judge Andrews, whose decision was reversed by the Appellate Division, First Department, but which is now sustained by the Court of Appeals. A decision was handed down dismissing the motion made to reopen the Brooklyn Civil Service case, in the decision of which Judge Haight wrote the prevailing opinion, making more open the confidential non-competitive class. The original suit was dismissed by the Court of Appeals on April 20, after having been sustained by both the Supreme Court of this department and the Appellate Division. Justice Haight's opinion was concurred in by Justices Bartlett, Martin and Vann. Two dissenting opinions were handed down at the same time, one by Justice Gray, Chief Justice Andrews concurring, and another by Justice O'Brien. The motion to reopen was asked for by Edward M. Shepard, J. Warren Greene and Henry Yonge, counsel for the plaintiffs. The Court dismissed the complaint of Martha Keery against John F. Dimon, executor of the will of Stephen C. Dimon, who died in New-York City on January 12. 1893, leaving personal property of the value of $25,000 and'a seventh interest in the property bounded by Third and Fourth and Lewis sts. and the East River, the value of which is placed at about $500,000. Dimon was an eccentric bachelor. For eight years he had lived in the furnished-room house kept by Mrs. Keery, at No. 117 West Fortyseventh-st. For several years prior to his death he had not been on friendly terms with his relatives. and it is stated that he declared that none of them would receive a dollar of his fortune. Mrs. Keery averred that he made a will in her favor about September, 1884. She declares that she saw the will and that Mr. Dimon told her to read it carefully. as he intended that she should have all of his property. After his death Mrs. Keery secured permission from the Court for an inspection of the contents of boxes in the Mercantile Safe Deposit Company and the American Safe Deposit Company, but no will could be found. She said that the will had been lost or destroyed by accident or design. A decision of absolute judgment was rendered in favor of Clifford Wharton and the National Tube Company against Adam S. Matheson and another as receivers of the American Tube and Iron Company.

20. July 18, 1897 New-York Tribune New York, NY
Article from New-York Tribune, July 18, 1897

Click image to open full size in new tab

Article Text

MURRAY HILL BANK SUIT. DEPOSITORS DEMAND THE MONEY PAID IN ON THE DAY OF THE FAILURE. Newburg, N. Y., July 17.-The Murray Hill Bank case came before Judge W. D. Dickey this morning on a hearing in the suit of John Stapleton against Edward H. Hobbs and Congressman B. B. Odell, jr., receivers. The action is brought to compel the receivers to turn over the deposits made at the bank on the last day it did business. The assertion is made that the president and the directors were aware that the bank was insolvent, and that their acceptance of the deposits was fraudulent. Former President Hopkins was the only important witness. He testified that the failure of the bank was due to its operations in real estate. He said he had opposed such large Investments in real estate, but had been outvoted by the directors. He was questioned in regard to loans. and he told of many cases in which loans had been lost. having been made on real estate which had greatly depreciated in value. The Court reserved decision. The amount involved is $107,000.

21. August 5, 1898 New-York Tribune New York, NY
Article from New-York Tribune, August 5, 1898

Click image to open full size in new tab

Article Text

MURRAY HILL BANK REPORT CONFIRMED. Justice W. L. Smith. in the Supreme Court, yesterday, confirmed the report of Alfred Lauterbach as referee to pass or. the accounts of Receivers Hobbs and Odell, of he Murray Hill Bank. for the six months from January to July last. The receivers have more than $115,000 in hand, and in the SIX months they have paid out $51,515 in dividends and expenses. Two dividends have been paid since they were appointed. aggregating 35 per cent of the a mount owed. The receivers are contemplating the payment of another dividend, but It may await the determination of certain actions which are pending Peanal the bank and which w.11 come un in the fall

22. December 4, 1898 New-York Tribune New York, NY
Article from New-York Tribune, December 4, 1898

Click image to open full size in new tab

Article Text

# A PETITION IN BANKRUPTCY. Thomas Graham, architect, of No. 1,238 Madison-ave., has filed a voluntary petition in bankruptcy with liabilities $36,439 and no avaliable assets. There are sixty-six creditors, nineteen of whom have their claims in judgment, the largest judgment being for $14.235, in favor of B. B. Odell, jr., and Edward H. Hobbs, as receivers of the Murray Hill Bank on discounted notes. Mr. Graham was formerly for many years engaged in building opera-tions.

23. December 4, 1898 New-York Tribune New York, NY
Article from New-York Tribune, December 4, 1898

Click image to open full size in new tab

Article Text

No. 23. In all these Masonic bodies he takes a lively interest, and is held in the highest esteem by the members. His business is that of banking. He is at present employed as paying teller of the Colonial Trust Company, at Broadway and Ann-st. For many years he held a responsible position in the Murray Hill Bank, where he displayed remarkable ability and was held in the highest esteem by the officers and directors of this bank, and when the financial difficulties arose by which this institution was forced to the wall he fought off single-handed the contemplated receivership, and, calling a meeting of all the depositors, of over eighteen hundred more than two-thirds were present, and 90 per cent of the money value sustained him. So firmly were they convinced of his ability and his stern integrity that they all signed to continue business in charge of Bro. Smith, but the courts ruled otherwise, and receivers were appointed, and while he had fought them off, still they begged him to remain and assist them in the affairs of the liquidation, knowing his skill and ability would be of great value to them and all interested parties, and he remained with them for over one year, to the entire satisfaction of the receivers as well as the depositors. The brother is a member of New-York Council, Royal Arcanum, member of the Legion of Honor, and was for many years a member of Chelsea Section, Sons of Temperance, and successfully assisted in bringing renown and prosperity to this organization. About one hundred of these graduated into Masonry, and many of them were called to the East of their several lodges. Bro. Smith is happily married, and has a bright and pleasant future before him.