16343. New Amsterdam Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 9, 1878
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
0db0093d

Response Measures

None

Description

Articles report the New Amsterdam Bank building sold as part of the receiver's assets (Feb 9, 1878). No run is mentioned; bank was in receivership and assets disposed, indicating suspension and permanent closure.

Events (2)

1. February 9, 1878 Receivership
Newspaper Excerpt
the New Amsterdam bank building was sold ... as estimated in the assets of the receiver (indicating a receiver had been appointed and assets disposed).
Source
newspapers
2. February 9, 1878 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership; assets (including bank building) sold by receiver.
Newspaper Excerpt
The New Amsterdam bank building was sold to-day for $42,000, about one third of its value, as estimated in the assets of the receiver.
Source
newspapers

Newspaper Articles (2)

Article from Daily Globe, February 11, 1878

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Article Text

dollars, had sued out a warrant for C. J. Fell and J. E. Taylor, members of the firm, charg ing them with conspiracy to cheat and defraud, and obtaining goods under false pretenses. After the meeting Fell and Taylor were arraigned before a magistrate and held to bail for a future hearing. SAVINGS BANK FAILURES. NORTHAMPTON, Mass., Feb. 9.-The Haydensville savings bank, of which Joel Hayden, recently failed, is president, has suspended payments on call to depositors, requiring thirty day's notice. The announcement of Joel Hayden's failure and his connection with the bank caused a heavy run. BOSTON, Feb. 9.-The Dorchester savings bank of Dorchester, and the Rockport savings bank are both enjoined from doing further business. The Dorchester bank has deposits of $440,989, which will probably be paid in time, and the same may be said of the Rockport bank, which has deposits of $192,060. Their suspension is due to the gradual decrease of business and the decline in the value of the real estate. ASSIGNMENT OF A CATHOLIC INSTITUTE. CINCINNATI, Feb. 9.-A bill of assignment executed by the Catholic Institute for benefit of its creditors, was filed in the probate court yesterday. The principal real estate owned by the institute is a building on the northwest corner of Vine and Longworth streets, formerly Mozart Hall. The assignee's bond is for two hundred thousand dollars. MISCELLANEOUS. NEW YORK, Feb. 9.-The New Amsterdam bank building was sold to-day for $42,000, about one third of its value, as estimated in the assets of the receiver. NEW HAVEN, Feb. 9.-L: W. Sperry has been appointed trustee of the property of the National Capital Life Insurance company of Washington and this city. The company's building and real estate is here. CLEVELAND, O., Feb. 9.-Hull Brothers, wholesale tobacco dealers, assigned to-day; liabilities estimated at over $40,000.


Article from The Stark County Democrat, February 14, 1878

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Article Text

of addressed a letter to Governor Robinson, on behalfof the merchants of New York, representing that the commerce of that city is and for the past two weeks has been paralyzed by reason of unjust and oppressive discrimination against it on at the part of the trunk lines that center there. and asking advice as to whether the facts supporting that allegation should be presented to the Legislature, with a view to action by that body. New York. Feb. 10.-Theodore Rosevelt, recently nominated by President Hayes for Collector of this port, died Satnrday evening. New York, Feb. 9 -The new Amsterdam Bank building was sold to day for $42,000, about one-third of its value as estimated in the assets of the receiver. St. Catharine, Feb. 8.-A man named McGuire, alias McCarthy, was arrested at Thorold tosday charged with having committed a murder in Pittsburg, Pa. He is said to be one of. the Mollie Maguires. Cincinnati, Feb. 9.-Captain Mitchell, Special Agent of the Treasury Department, to-day seized Diefendahl's distillery at Foster, O. and therectifying house of Pfeiffer & Co., of this city, for alleged violation of revenue laws. Pottsville, Pa, Feb. 10.-The fire in the Wadesville shaft colliery of the P. & R. Coal & Iron Company, discovered two weeks ago, is still burning. As all other efforts to extinguish the fire have been fruitless,a creek will be turned into the mine to-morrow and the works floods ed. This will cause much loss to the coms pany and the suspension of labor by about 500 employes for the entire seas son. Philadelphia, Feb. 10.-This morning one of the arches of the bridge over the Schuylkill river at South street fell in carrying with it in rapid succession nine other arches and completely wrecking 300 feet of the bridge. The portion which gave way rested upon piles in the marsh on the western bank of the river and this piling has been gradually sinking in the mud. A large number of workmen were engaged in shoring the defective arch at the time of the accident but they were warned in time and all escaped uninjured. The bridge was built of iron and granite and cost originally $770,000. The loss by the accident to-day is about $100,000. Ex-Secretary Gideon Welles died on the 11th inst, at Hartford, Ct. The Bank of North America of New t York loses eighty-fiv thousand dollars b by a defaulting teller, a victim to marf gins. Baltimore, Feb. 9.-Chas. Baker, aged forty, keeper of a saloon on Light street, shot his wife twice this afternoon, then C a killed himself. The widow may recover. Jealousy is the cause. St. Louis, Feb. 9.-Mr. Adolph Amson, S the merchant who was shot by a burglar d early yesterday morning still lies in a le critical condition. None of the rest of to the family awoke until late in the foren noon, and Mr. Amson was then found p lying in the bed covered with blood. C New Orleans, Feb. 9-A difficulty OC. m curred between Captain James Trousdale a and Captain J. M. May, formerly river d men, The latter received two shots; one in went in the left side of the chest, coming ia out on the right side between the fourth el and fifth ribs; the other entered the left VI side of th abdomen,a passing through m the back, is still in the body. The doctor gave an opinion that the wounds were W fatal. Trousdale was arrested. T at Mr. Peter Cooper contemplates erecttil ing and opening a free Institute for girls, di at Limestone Springs, South Carolina,on personal the same plan of the Cooper Institute in st: New York. He has purchased 800 acres or of ground at the place mentioned which a is four miles from Spartanburg. His desire is to do something for the education sa of the people of the South, and show that a Northern man has some interest in the di ao Southern people. Ca It was admitted in New York that Turlib ney, the defaulting teller of the Bank of ha North America had stolen $283,000, instead of $100,000, as was first reported by the officers of the institution. The ba theft had been concealed five years, for the reason that the bank's accounts had ye not been properly overhauled. sio Mr. Gladstone has just had a novel exsta perience. Ten years ago he was riding gra into power on a Parliamentary majority of larger than that recently given against him, and with every sign of a long and an uninterrupted continuance of public conto fidence. Few would have thought in 1868 ve that the "People's William" would live wh to see his windows smashed by the riotne ous followers of the then discomfited Disraeli. ne Pittsburg Feb. 12.-A collision occured mi at Enon Valley,on the Fort Wayne Rails 12, road,at two 0 clock. A local freight train ers an into the rear of a gravel train standth ng on the main track. Martin Burnett, ten of Alleghany the engineer of the freight lia was fatally injured