16347. New Amsterdam Savings Bank (New York, NY)

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: September 28, 1876
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 68e800c9

Response Measures

None

Description

The New Amsterdam Savings Bank required 60 days' notice and suspended operations in late September 1876, applied for/was placed in receivership (Richard M. Bent) and was ultimately dissolved/closed. There is reporting of general runs on other savings banks, but no clear discrete run on this bank; the suspension was initiated as a wind-up/voluntary winding-up amid diminished deposits and shaken confidence. Dates taken from newspaper reports (Sept 27–29, 1876 suspension; receiver active by Dec 26, 1876; dissolution reported Dec 19, 1877).

Events (3)

1. September 28, 1876 Suspension

Cause: Voluntary Liquidation
Cause Details: Officers decided to retire and 'wind up' the institution; required 60 days' notice and refused further deposits, then applied to the Superintendent and for a receiver.
Newspaper Excerpt: The New Amsterdam Savings Bank ... suspended payment today and applied for a receiver. ... has given notice requiring sixty days' notice from depositors.
Source: newspapers

2. December 26, 1876 Receivership

Newspaper Excerpt: an order was entered directing the United States Trust Company to deliver to said receiver any of the bonds and mortgages ... Richard M. Bent, receiver of the New Amsterdam Savings Bank of the City of New-York ... an order was entered directing ... deliver to said receiver ... . (Dec 26, 1876 report).
Source: newspapers

3. December 19, 1877 Other

Newspaper Excerpt: Justice Osborn has granted the application for the dissolution of the New Amsterdam Savings Bank. (Dec 19, 1877 report).
Source: newspapers

Newspaper Articles (20)

1. September 28, 1876 New Orleans Republican New Orleans, LA

Article from New Orleans Republican, September 28, 1876

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NEW YORK. The Silver Commission. NEW YORK, September 27.-The eilver commission have selected M . Nourse, of Boston, for the East; Genera ! Dix for the Middle Statee, and Mr. Groesteck for the Weet and South, as three experts authorized by the act creating the commission. The Wrecked Steamer Liberty's Carge. The steamer Liberty, wrecked between Havana and this port, had a cargo of eugar, palm leaf and tobacco, valued at $50,000. A Savings Bank in Trouble. The New Amsterdam Savinge Institution has given notice requiring eixiy days' notice from depositors. Embarcation of Tweed. A special diepatch from Vigo Bays Tweed was removed at half-past nine o'clock last evening from his fortress pricon to the Franklin. He offered very little objection to his removal. He was treated with every consideration, and the quarters of Rear Admiral Case were assigned to him. Tweed's companion, William Hunt, was taken on board the Franklin, but was almost 1mmediately set at liberty. Hunt looks like a mechanic. In an interview with Hunt, after his release, he was very reticent, retusing to give the history of their wanderings, and still maintaine that his friend Secor is not William M. Tweed. Hunt, after leaving the Franklin, went immediately to see an American friend at the Hotel Europa, who was registered there under the name of R. Lands, who is considered here to be Tweed's son, having been recognized by a Spaniard who professes to have known him in New York city. There was much opposition here to the surrender of T weed to the American authorities, and the action of the government was almost universally condemned. The hour for the departure of the Franklin is set for two o'clock this evening. Marine. The Mary Newell, from Cardenae, reports eight hours heavy hurricane; on the sixteenth or seventeenth saw a partially dismasted Equare rigged vessel, about 500 tons burden; could not bear down to her safely saw no signals. The steamer New York, from Havana, reports that she saw and passed, on the seventeenth, a wreck with masts just above the water.

2. September 28, 1876 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, September 28, 1876

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NEW YORK. Another Large Coal Sale. NEW YORK, Sept. 27.-The Delaware, Lackawana and Western Railroad Co. sold 100,000 tons of Scranton coal today. The attendance of buyers was large and prices were below those of Wednesday. The prices brought were as follows:-Steamboat, 2.87 and 2.921, grate, 2.971, egg, 3,15 and 3 30, stove 3,90 and 4, chestnut 3.20 and 3.32. The coal is deliverable at Hoboken during the present month. Halew Reef. The exploded reef at Hallett's Point was thoroughly examined today by divers, who reported that the rocks were broken np beautifully. Tea Sales by Auction. About 25,000 lbs. of tea were sold at auction today at 18 1-2 cts. to 64 for green; 23 1-2 cts. to 26 for old Japan; 44 12 to 53 for new; 3412 to 64 for Formosa Oolong; 29 to 32 1-2 for Amoy; 24 to 24 1-2 for Souchong; and 20 to 27 1-2 for Conyou. The Seward Statue. The statue of Wm. H. Seward in Madison Avenue was formally dedicated this afternoon. Secretary Fish made the formal presentation to the city. Mayor Wickham responded and W. M. Evarts delivered an address. Failure of a Savings Bank. The New Amsterdam Savings Bank of this city suspended payment today and applied for a receiver. Three years ago it bad $800,000 deposits, now there are but $510,000. The institution has never been a paying one, but claims a surplus of $11,000 and that by the end of sixty days all the securities will be turned into cash and the depositors paid. The capital of the bank is reported at something over $500,000.

3. September 28, 1876 The Sun New York, NY

Article from The Sun, September 28, 1876

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WINDING UP IN TIME. The New Amsterdam Naviugs Bank Suspending Business while still Solvent. The New Amsterdam Savings Bank, at the corner of Bowery and Rivington streets, after an existence of seven years. has decided to retire from business. and on Saturday last notifled its depositors that from that day it would require sixty days' notice from all customers who wished to withoraw their deposits. The same day they refused to receive further deposits, and sent to Albany a committee. consisting of the President. Theodore Frohwein, the Secetarv. Martin Schrenckeisen. and Mr. George F. Martens, a trustee, to consult with the Superintendent of the Banking Department, and ask for the appointment of a receiver. It is the intention of the officers to call a meeting of the depositors. ask them to select some gentleman who they would like to have act as a receiver. and then uvge upon Superintendent Ellis the propriety of appointing him to such position. The officers claim the bank to be perfectly solvent. and able to pay 100 cents on the dollar. They do not close business because the bank is weak or shaky. but because the people have been so generally frightened by the tailure of other banks that they are withdrawing their money, that deposits come in but very slowly, and. for comparatively young or small banks, there is now no profit in the business. Before the panic of 1873. the amount they held on deposte averaged over $800,000, but since then there has been a steady falling off. the confidence of the people having been impaired. and the prospects of an improvement seem very remote. Neither the President, Secretary, nor Trustees of the bank have received any salary from the organization until now, and they have finally determined to wind un its affairs. The condition of the bank on the first of the present month was as follows: ASSETS,

4. September 28, 1876 Daily Kennebec Journal Augusta, ME

Article from Daily Kennebec Journal, September 28, 1876

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NEW YORK. The Weather. New York, September 27. Weather clear, cold, wind northwest. Political. Nearly 30,000 voters registered in Brooklyn, yesterday. Financial. The silver commission have selected Benj. F. Morse of Boston, Gen. Dix of New York, and Wm. Groeshbeck of Ohio, as experts. Marine Disaster. Capt. Sundhoig and crew of the lost steamship Liberty, arrived here to-day. Her cargo was sugar, palm oil and tobacco, valued at $50,000. She was wrecked by the gale of Sunday, the 17th. She had no passengers. Sounding Newton's Channel. Divers are to sound Newton's channel, to-day. Boss Tweed. A Vigo special says Tweed, under escort of Spani-h soldiers, was taken from prison and marched through unfrequented streets and put on a boat belonging to the frigate Franklin and taken on board. The citizens are said to be indignant at his surrender. Storm. A heavy northeast gale makes navigation in the North river and bay quite dangerous. Failure. The New Amsterdam savings bank of this city, suspended payment to-day, and applied for a receiver. Three years ago it had 800,000 deposits; now there are but 510,000. The capital of the bank is reported at something over $500,000.

5. September 30, 1876 The Dallas Daily Herald Dallas, TX

Article from The Dallas Daily Herald, September 30, 1876

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SUSPENSIONS. 1100 Run on the New York Savings Banks. NEW YORK, September 29.-The suspension of the New Amsterdam and Bond street savings banks has produced quite an excitement among small depositors in different savings institutions, and at the time the banks were opened for business this morning, the counters were surrounded by people anxious to withdraw their deposits. Bank Suspension in San Francisco. SAN FRANCISCO, September 29-The Valley Savings and Commercial Bank suspended yesterday. It was caused by the financial embarrasement of the president, General J.B. Friable, who has been unfortunate in stock specu tions. The assets of the bank stated at upwards of $550,000, and debtedness at $325,000. The BUSPEL sion is expected to be temporary.

6. September 30, 1876 New-York Tribune New York, NY

Article from New-York Tribune, September 30, 1876

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THE SAVINGS BANKS. MANY DEPOSITORS WITHDRAWING THEIR ACCOUNTS -ACTIVITY OF THE DRY DOCK BANK-RESERVES OF THE BOND STREET BANK. There appears to be considerable uneasiness among the depositors of the different savings banks, and an inclination to withdraw deposits, even from some of the stronger institutions. The closing or suspension of the New Ainsterdam and Bond Street banks has apparently created this excitement. At the Dry Dock Bank, at Third-st. and the Bowery, yesterday, large numbers of men and women called for their deposits. The officers of the bank waived the 60 days' notice which they had a legal right to enforce, and the uneasy depositors were paid as fast as two clerks could settle their accounts. Mr. Webster, the secretary of the bank, stated that the securities held by the bank could be turned Into money in two or three hours, and that even if they were sold at the lowest market rate there would be a surplus left large enough to start another bank with a capital of from $60,000 to $65.000. Most of the securities were United States and city bonds, which command a premium of from 8 to 15 per cent. Six millions of these bonds are United States, New-York City, Brooklyn, and Albany bonds, all of which are salable at a moment's notice. The excitement also extended somewhat to the Bowery, Bleeeker Street, and Metropolitan Banks, and the officers of each made similar statements in regard to their readiness to meet any demands. About 250 depositors of the suspended Bond Street Savings Bank assembled last evening at No. 291 Bowery. Henry Dauscha was chosen chairman, George D. Rollwagen secretary, and Sohn Lewis treasurer. The committee appointed to confer with the officers of the bank made a favorable report. Following are the chief points of interest: Value of assets by the books, $1,412,287 58, with lialiabilities $1,286,688 02, showing an apparent surplus of $125,599 56. The committee, however, reported as immediately available:

7. September 30, 1876 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN

Article from Memphis Daily Appeal, September 30, 1876

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NEW YORK, September 29.-Arrived: Steamer Oder, from Bremen. NEWYORK, September 29.-The Post states tha:1tlearnsthat a pilcation has en made inth, New Jersey couits for a receiver for the Central railroad. GALVESTON, September 29 -In a dancehouse rowlast hi, our Calcape, a Millian, was shot and mortal y wounded Eighteen perso as nave ceen arrested as accessories and witness(s. CEDAR HILL, KY., September 29-The pameto-day sulted as follows: Louisville,3 Boston, 0: errors-Louisvile, 3: Bo-ton, 5; base hits Louisvilie, 7: unsearned-Loulsville, 3. Umpire-Mr. Devening MILWAUKKE, September 29.-The town of Sparta, in this State, was visited by a seri u fire rst night. which destroyed the Palmer house, Lee & Pa'mer's livery stable, Heller's store, and other buil lings. Loss estimated 3. twenty-fvethousand do lars. CIN CINNATI, Septem er 29-The postal railway commission met at the Grand hotel to-dav and took CO Fixerable testmony, chi-fly fro is the employ-8. Toe Cincianadi posturise is lavorable to the fast mail service. session will be continued to-morrow. GALVESTON, September 29-Nodhere and northwestern advices to-day report grass. hopp-rinvasions in some countres They are destroyin vegetation, and wheat-sowing 1. delayed until it is sce-tained whether he hoppers will remain long enough to deposit their eggs. WASHINGTON, September 29.-On the first of Oct ber the mail service will be commenced on about seven hundred routes that were let under regular adv rusementson the thirty-flint of July 1st thus completing the entiresysteme of wal p-portation in every Sta and fer it ry of the United States. WASHINGTON, Septem er 29.-A rumor was ia cisulation to -si, ht that AttorneyGeneral Taft had resigned or was about to esign. This cinnot be m Ially deried, as ne ther the President nor Jodge Taltare in Washington, b t the eare reasonable grounds to assert that the report has no foundation. NEW YORK, September 29.-The-eco dannual book fair of the American book trade association at Cinton ha 1 which began Monday, closed yesteroby It is general ly couceded that it has been more successful than the fair held last spr ng, but has, however, scare ly fulfilled the wishes of exbi bitors. NEW YORK, September 29 - The suspension of the New Amst rdam and Bond street savings DANKS has oduced qu te au excitement among the smaller depositors in the different sav ngs institu ioas, and at the time the banks were openei for usiness this morning the counters were surrounded by people anxious to withdraw their deposits. COLUMBUS, O., September 29.-Early this mor 111g John Ken', a bar tender, and Wm. Hardv, a brick-layer, while di cussing poutical matters at the do or of as-10 n became involved in a quarrei, W ereupon Kent struck at Hardy. who, in return struck Kent. knock. ing bimd wn the ste 8 uoon the pavement several feet below, and killing him. PHILADELPH:A, 8 ptember -The cash receipts for admission the exposition jesterday Wtr one hundred and eighteen thousand seven hundred and fort oned llars. Thereare rumo:s to day of serious and even fatal accice some of the rai roads last evealing in the m vement of the vast crowd from the ground., but they cannot be traced to a reliable source. PHILADELPHIA, September 29.-During an exhibition of fire works at the Cent nnial grounds 1 st night a serious accident was OC castoced by the premature fising of some of the works, by which one man WHS very seriously injured by burning and otherwise. He was hurt so badly that had to be carried on a stretch I to the hotel, where his injuries were attended LOUISVILLE, September 29. Frederick Wortman, a German acuer, while attempting to aujust the leather band to H swueel in Louis Kreezer's tannery 10-day, was caught up by the nd in some known way and whirled around at the rate of sixty revolutioas a minute His head and all parts or his boiy were na-hea to a jelly and cut into a hundred small pieces. ITHACA, N. Y., September 29.-At a very large and enthusiastic meetin of the various classes of Cornell univer ity, held here last night, it was decided to send 8 chall nge to the winners in the Cambridge Oxford race, which occurs in March next. The challenge will be for fours or eights, with a coxswain, as:he Englishment decide, and for af ur-mie race over the regalar course, from Putney to Mortlake BAN FRANCISCO. September 29.-The Vallejo vings P commercial bank suspended yesterday, caused by the panelal embarress ment of the pre Ident General J. K Frisbee, who has been unfortus ate 10 stock specual tions. The assets of he bank are stated to be upwards of five hundred and fifty thousand dollars, and the indebtedness threa hundred anitwency-five and. The suspension is expected to b only: imporary

8. September 30, 1876 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, September 30, 1876

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NEW YORK. The Hell Gate Explosion. NEW YORK, Sept. 29.-Gen. Newton officially reports to the Pilot Commissioners the following deptbs of water over late Hallett's reef. Since the explosion, from 180 feet distan from the shore line to the line of buoys, the bottom slopes gradually from 8 feet depth at mean low water to 20 feet. Outside the line of buoys not less than 20 feet depth at mean low tide was observed. Divers have been examining the reef and report a thorough break-up. The Book Trade Fair. The fourth fair of the American Book Trade Association closed at 6 o'clock last night. The last day proved to be the most successful of the four in a business point of view, and there were as many books sold yesterday as there were during the three previous days. Full returns of sales will not be made for several days, but it is thought the aggregate amount will reach $100,000 Savings Bank Panic. The recent suspension of the New Amster dam and Bond street Savings Bank has produced quite an excitement among the smaller depositors in the different savings institutions, and this morning every savings bank in the city was crowded with depositors, demanding their money. The Express says that before the close of another week the probabilities are that others of the small banks will be compelled to close their doors. The depositors of the Bond street Savings Bank met to-night and received the report of the committee on investigation. The report showed that the amount due depositors is $1,286,688. The assets amount to $1,412,287. The assets are composed of U. S. bonds, real estate. cash on hand, call loans, bonds and mortgages. Gift to Charitable Institutions. The board of estimate and apportionment of aldermen to-day voted about $17,000 of excise money to charitable institutions. Yellow Fever Scare. A yellow fever scare was created in Jersey City to-day, where two cases and one death are said to have occurred, the latter a lady who nursed her sick husband in Savannah. The physicians, however. say her death was caused by intermittent fever. Deaths are announced of the wife of Commodore Garrison, and of Newton St. John, formerly a leaging banker of Mobile, all of this city. Child Murder. Catherine Stevens, who is endeavoring to prosecute her reputed husband, Robert Stevens, for bigamy, asserts that he in the past fourteen years has drowned her four children before they were a day old. Defranding Insurance Companies. Samuel Harlem, of the firm of Harlem & Co., manufacturers of clothing at 12 Sirpenpard street, was arrested to-day, charged by the Fire Marshal with attempting to defraud the following fire insurance companies: Williamsburgh City, Relief Insprance Co., Girard of Philadelphia, British American Assurance Co. of Toronto, Mechanics' Insurance Co of Brooklyn. His place of business was burned some time ago, and assisted by the merchant creditors of the firm, who furnished him with fraudulent invoices, he endeavored to extort $17,344 75 from these companies, while his actual loss was about $7000. The total amount for which he was insured was $22,000. Steps will be taken to punish the merchants who furnished him with fraudulent invoices. International College Race in Prospect. ITHICA, Sept. 29.-At a very large and enthusiastic meeting of the various classes of Cornell University, held to-night, it was decided to send a challenge to the winners in the Cambridge-Oxford race, which occurs in March next. The challenge will be fours or eights, with a coxswain, as the Englishmen may desire, and for a four-mile race over the regular course, from Putney to Mortlake.

9. September 30, 1876 The New York Herald New York, NY

Article from The New York Herald, September 30, 1876

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THE CLOSED SAVINGS BANKS. AFFAIRS AT THE NEW AMSTERDAM SAVINGS BANK. To the casual observer the New Amsterdam Savings Bank, at No. 215 Bowery, wore its wonted appearance yesterday. When the information that an injunction to suspend business had been served on the bank it was expected that a "run" would be the result. Nothing of the kind occurred, however, and yesterday the vicinity of the bank was as quiet as usual. Mr. Weber, the cashir, told a HERALD roporter that the depositors had perfect confidence in the announcement made by the President that the bank was capable of paying 100 cents on the dollar. and that the injunction and receiver had been applied for in the best interests of the depositors. The schedule of assets and liabilities published in yesterday's HERALD show the former to be amply sufficiento discharge the latter. The depositors have as yet held no meeting, but it is intended to call together'all the depositors representing amounts over $3,000. At this meeting the ap. pointment of receiver will be discussed and the names of several available gentlemen presented. It is possible that the meeting will forward several names to Justice Landon, the grantor of the inlunction, at Schenectady, for his consideration. The time and place of meeting have not yet been decided upon, but an early day will be fixed. The bank remained open until three o'clock yesterday, for the accommodation of depositors seeking information. Mr. Weber, the cashier, listened to and answered all inquiries regarding the condition of the institution and the probable result of the suspension.

10. October 1, 1876 The New York Herald New York, NY

Article from The New York Herald, October 1, 1876

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RUN ON THE SAVINGS BANKS. Yesterday morning the excitement among the smaller depositors in the savings banks of the east side, which began to manifest itself on Thursday and culminated in a perfect panic on Friday, in no degree abated, but in the afternoon there was a very perceptible decrease in the number of applicants for a settlement of accounts. The cause of this sudden withdrawal of deposits lies in the suspension of the New Amsterdam and Bond street savings banks. When the trustees of these establishments announced their intention of giving over business, but found themsolves unable to go into voluntary liquidation, a doubt of the security of other kindred institutions became broadcast. The recollection of the Third Avenue Bank's failure and the close of the Mutual, the Germania and the Abingdon Square is yet green in the memory of most depositors, and there was consequently a grand rush to the paying telsers' desks. The Dry Dock Bank, at corner of Bowery and Third street, came in for more than a fair sbare of this run. A large gathering had assembied before it at an early hour, and after dark the employés were still busy handing over money to importuning depositors. it seemed to be generally taken for granted that the bank was going to suspend payment, and the only thought in the minds of all comers was how to most readily reach the counters and withdraw such deposits as they had made. However, it was clear that no one bad a definite notion of what they had to fear. nor could any one give any idea of what their doubts were founded on. It was stated by one or two, though on what authority it would be difficult to determine, that the bank officials were unable to pay the interest on the mortgage which they had been obliged to take out in order to complete the building. and that it was consequently to be sold on account of a foreclosure suit. It was claimed by others that the Dry Dock Bank bad large securities invested in those institutions which have recently suspended and that it had its finances further crippled through that means. In conversation with William V. Webster, the secretary of the bank, a HERALD reporter learned that the securities held by the bank could be realized in a short time, and that even if they were sold at the lowest market rate there would be left a surplus of over $60,000. He said that there was no cause whatever for apprehension among the depositors, but that if they persisted in their intentions of withdrawing their deposits the trustees fancied that, far from damaging the bank's interests, they would only be advancing them. "This run," said Mr. Webster, "will be of benefit to us, because we will not only escspe the ob. ligation of paying interest upon the sums withdrawn, but we will be freed from the payment of the State tax, and that of itself is a matter worth considering." The excitement was not confined to depositors of the Dry Dock Bank alone, but circulated among people who had placed their savings in the Bowery, Bleecker Street and Metronolitan Banks. In these there were fewer amounts drawn and the officers in all cases expressed themselves satisfied of their institutions being able to weather the run. However confident these gentlemen may by of their financial security, there is no doubt but that a wide-spread feeling exists that in this crisis every bank whose finances are not on a solid basis will be sorely pushed. The recent suspensions have inspired a lack of confidence, under which many such institutions may succumb if it be not speedily removed.

11. October 4, 1876 The Sun New York, NY

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THE NEW AMSTERDAM. Stormy Meeting at Length Accepting Names to be Neut to Judge Landon. Two hundred and fifty depositors in the New Amsterdam Savings Bank met in the Germania Assembly Rooms last evening to take aotion upon the appointment of a receiver. Mr. John Adelman. a large depositor. the chairman of the meeting of depositors of over $3,000. signed the call and tried to preside. Mr. P. Frobwein. President of the Bank. did what be could to run the meeting. "I want every official to come up bere where be can face the depositors," he sadd. Eight gentlemen responded. "Now am going to boss this meeting,' he continued after his company had been seated. .. We don't want too much talk here to-night. We have come to tell you how the DANK stands." Here the speaker was Interrupted by decided mainfestations of the unwillingness of the assembly to submit to President Frobwein's dictation. Mr. Adelman resumed his functions, and the following exhibit was read:

12. November 21, 1876 The New York Herald New York, NY

Article from The New York Herald, November 21, 1876

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INSOLVENT BANKS. A meeting of depositors of the New Amsterdam Savings Bank was held yesterday afternoon as Stanton Hall, Stanton street. No receiver has, up to this time, taken charge of the institution. One person was appointed, but failed to provide the necessary bonds Those present at yesterday's meeting complained of the delay of the officers of the bank in getting a re. coiver appointed, thereby causing inconvenience. They are also losing interest on the dividends which they will be ultimately paid. After a long discussion it was decided that unless a receiver was appointed during the present week the depositors themselves would apply to the court and ask for the appointment of one. The affairs of the bank are considered to be in a much better condition than many of the suspended institutions. The bank holds mortgages to the amount of $313,250; real estate, consisting of the bank building. $128.933 46; bends of Cities and towns, $44,300; call loans, $6,750, and cash, $10,590 14. The bank had been losing money since the panic in 1873, but the officers still kept open the doors of the institution. As yet Mr. Willis 1. Paine, receiver of the Bond Street of Savings Bank, has decided to pay the first dividend fifty. five cents on the dollar next month. but what further dividend will be paid it is so far impossible LO say, as much will depend upon the sale of the ne bank building. The receiver of the Abingdon Square Savings Bank is doing all he can 10 get the real estaid of the bank disposed of. but the probability is that the depositors will come off very poorly. as the affairs of the institution were found to be in a very bad condition. The depositors of the Trades' Savings Bank are pressing for a settlement of their claims.

13. December 27, 1876 New-York Tribune New York, NY

Article from New-York Tribune, December 27, 1876

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THE NEW-AMSTERDAM SAVINGS BANK. ALBANY, N. Y., Dec. 26.-In the Supreme Court, Special Term, to-day, before Justice Ingalls, on application of Richard M. Bent, receiver of the New Amsterdam Savings Bank of the City of New-York, an order was entered directing the United States Trust Company to deliver to said receiver any of the bonds and mortgages now held by them as deposited by such receiver, upon his receipting therefor and depositing with the said company the full amounts due on each and every one of the said bonds and mortgages so delivered as principal and interest at the time of such delivery. The receiver is also authorized. on receiving payment on any of the bonds and mortgages in question, to execute the usual satisfaction or assignment and deliver the original bonds and mortgages.

14. February 14, 1877 The New York Herald New York, NY

Article from The New York Herald, February 14, 1877

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BUSINESS TROUBLES. Joseph Schmitt, wholesale dealer in tobacco, at No. 126 Water street, has been adjudicated an involuntary bankrupt before Register Dwight, on the petition of his creditors. His liabilities amount to $64,000, and his nominal assets are about $24,000. He failed in 1875, but obtained no extension from his creditors. Richard M. Bent, the receiver of the New Amster. dais Savings Bank, has called a general meeting of the depositors and other creditors to take place at two o'clock this afternoon, at No. 215 Bowery, when all ac. counts and demands will be adjusted and the amount of money in his hands reported. Information has been received 10 this city that the American Butt Company. of Providence, R. L. bas made an assignment for the benefit of its creditors.

15. October 20, 1877 The Sun New York, NY

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Savings Banks. NEW AMSTERDAM Savings Bank depositors are requested to call promptly for their second divi-dend, 15 per cent, open daily from 10 A.M. to 3 P.M. RICHARD M. BENT, Receiver SIX PENNY SAVINGS BANK, Broadway and Astor place—Established in 1853. Bank open daily from 10 A.M. to 8 P.M. Five cents to $5,000 received.

16. December 19, 1877 The Sun New York, NY

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John Habberton, author of "Helen's Babics," was we received in Association Hall lastovering Sixteen thousand and thirty-eight persons have visited the loan exhibition in the Academy of Design Justice Osborn has granted the application for the dis solution of the New Ainsterdam Savings Bank. It is singular that no facilities for addressing a letter can be found in the Post Office without going up stairs for them An attractive programme, with selections of Christmas music, 18 announced for Damrosch's Saturday matinee is Steinway Hall Dr. Thomas E Cone of the Burial Permit Bureau became overpowered yesterday through all overdose of laudanum given to him by a servant to allay neuralgic pains. John Reilly, who WAS arrested thirteen years after he killed Police Officer () Brien, was committed for trial. yesterday. in the General Sessions. He says that he is tired of being a tagitive from justice, and seems carele, as to what 18 done with him. Less than filty persons responded to the call for la night's meeting to extinguish the debt of the Church the Holy Trinity, and $155 only and a bracelet wort $100 were added to the contributions The total amount raised thus far is $160,153.91. leaving nearly $70,000 to get secured.

17. December 21, 1877 The New York Herald New York, NY

Article from The New York Herald, December 21, 1877

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BANK NOTES. Mr. Richard M. Bent, receiver of the New Amsterdam Savings Bank, of this city, has, in the case of the people against that bank, received an order of Court to seil at auction the premises at the corner of the Bowery and Rivington street, together with the personal property contained therein, and also to pay $2,500 lawyers' fees as attorneys of the receiver. Superintendent Lamb states that in the matter of the appointment of a receiver for the Oriental Savings Bank he recommends that Messrs. Hoe, Tucker and Halleck be named as a committee empowered to wind up the affairs of that institution. Mrs. Catharine Neal, an aged lady. residing at No. 646 Elizaberh avenue, Elizabeth, N. J., has a deposit 01 over $1,000 in the Newark Savings Bank. When the run commenced the poor woman, learing that her little store was gone, left for Newark, and her return to this city was not known till last night, when some friends found her door locked on the inside and feared that she nad committed suicide. The police, who were notified, burst open the door and found the unfortunate woman seated on the side of her bed In a demented condition. Her body was sadly emaciated.

18. February 6, 1878 The New York Herald New York, NY

Article from The New York Herald, February 6, 1878

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ECEIVER'S SALE, R by order of the Suprome Court. BENJAMIN P. FAIRCHILD, Austioneer, will sell on SATURDAY, February 9, 1878, at 12 o'clock noon, at Exchange Salesroom. 111 Broadway, the very valuable premises known as THE NEW AMSTERDAM SAVINGS BANK property on the northeast corner of Bowery and Rivington ME., on which is erocted n first class NOVA SCOTIA STON E FRONT four story. basement and cellar building, with boilers and steam heaters throughout. For terms, &c., spply nt office of auctioneer, No. 9 Beach st., or to RICHARD M. BENT. Receiver, on the premises, or to WINGATE & CULLEN, Attorneys for receiver, No. 206 Broadway. HERIFF'S SALE.-VAN TASSELL & KEARNEY. Sheriff's Auctioneers, will sell this day, at 10:30 o'elock, at 22 Union square, n large assortment of Clothing. Trimming. &c., consisting of Conts, Pants, Vests, Linings. Canvas, Drill, Selicia, Waddings, Burlaps, Buttons, Bindlugs, Safe. &c., &e. A. AARONS, Deputy. BERNARD REILLY, Sheriff. THOMAS KEYWORTH, AUCTIONEER, SELLS THIS day, at 10½ o'clock. at 126 Bowery, the Stock of a Second Hand Dealer. consisting of new and second hand Bedstends, Bureaus, Lounges, Feather Beds, Mattresses, Stoves. &c. Also the Fixtures of n Butcher's Shop. with 11 large Icehouse: Grocery Fixtures and a large consignment of Clothing and Fancy Goods. Dealers invited. ILLIAM WITTERS, AUCTIONEER, SELLS THIS W day. at 2 o'clock, mt 450. 452 Canal st., a large assortment of Household Furniture, Carpets, Cooking and other Stoves, Oiscloths. &e. ILLIAM ABBOTT. AUCTIONEER, WILL SELL ON W Thursday. at 11 o'clock, the en.ire Furniture and Fixtures of the Liquor Store and Restaurant at 63 Hamilton avenue. Brooklyn, fine four pull English Ale Pump, Counters, Chairs, Tables, Copper and other Cooking Utensils, outside Lamp, Ale and Porter. &c. ILLIAM ABBOTT, AUCTIONEER, WILL SELL W this day, at 11 o'clock, the Fixtures and Furniture of the Liquor Store corner Grand av. and Pacific st., BrookIvn: one splendi - four-pull English Ale Pump. five French plate Mirrors, one carom Billiard Table. Glass Ware, &c.

19. February 10, 1878 The New York Herald New York, NY

Article from The New York Herald, February 10, 1878

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The Exchange was crowded yesterday by persons interested in real estate, including many depositors 01 the defunct New Amsterdam Savings Bank, which was sold by the receiver's orders. The property was started at $30,000 and advanced to $42,800, at which price it was knocked down. The details of yessale follows.

20. March 7, 1878 The New York Herald New York, NY

Article from The New York Herald, March 7, 1878

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of Representatives at Washington, for this Legislature to tell our Senators and Representatives what they should do about it. The Committee of Ways and Means were listening, he said, to men representing all classes of interests-iron men from Pittsburg and Harrisburg, cotion men from Massachusetts, wooden screw men from Connecticut and Rhode Island, &c. &c., and were getting probably all the light they need. He moved that Mr. Sheard's resolution be laid back on the table, and the Assembly supported his motion by a decided aye. VOLUNTEERS OF THE MEXICAN WAR, Mr. Grady having called up his resolution requesting the Senators and Representatives from New York in Congress to vote for any bill before them or to be laid before them providing pensions for the veterans of the Mexican War, is was passed after a brief debate. ANCIENT ORDER OF UNITED WORKMEN. A bill introduced by Mr. Lovelaud is intended to revive the Ancient Order of United Workmen, the objects of which order are said to be "to improve the morals and the mental and social condition of the members of lodges under its jurisdiction, to prevent strikes among all classes, and to aid and support members or their families in cases of want, sickness or death. " NO UNDERGROUND RAILROADS. Mr. Bathe introduced a bill 10-day to repeal the charter of 1868 of the New York Central Underground Railroad. SALT SPRINGS FOR SALE. Mr. Brooks offerered a concurrent resolution providing for the sale of the salt springs belonging to the State, and contiguous lines, under the direction ol the Commissioner of the Land Office. LIQUOR SELLING. Mr. Hepburn introduced a liquor license bill, providing that licenses hereafter granted shall expire on the following 1st of May; the object being to do away with an excuse for the frequent meetings of the Excise Board. Licenses under this bill may be issued for one year, and the fee for. licenses for less time shall be graduated according 10 the periods they have to run. WATER FOR THE TWENTY-FOURTH WARD. A bill authorizing the corporation ot New York, through the Commissioner of Public Works or the Comptroller, to contract with the city ot Youkers for a supply of wholesome water irom the reservoirs of that city for the Twenty-fourth ward. recently aunexed from Westchester county, was introduced in the Assembly. STRINGENT RULES FOR COMMISSIONERS OF EDUCATION. Mr. Sawyer's bill in regard to public Instruction amends section three of the act ot 1864, entitled "An act to revise and consolidate the general acts relas. 10g to public instruction, " so as to provide that DO person shall be eligible to the office of School Commissioner who IS not the holder of a certilicate of qualification as a teacher granted by the Superintendent of Public Instruction or of a diploma granted by a State normal school, un. less he IS a graduate of some academy or academic department 01 a union school under the visitation of the Regents ot the University of this State or 01 some college, nor shall any person be eligible to said office who has not had two tuil years' experience in teaching. ORDERS TO RECEIVERS. In the matter of the Attorney General against the Continental Life Insurance Company orders were entered to-day permitting the receiver to compromise a foreclosure suit, and directing the receiver to sell the office fixtures. An order was also entered to-day authorizing Richard M. Best, recerver. to sell at aucLION certain premises belonging LO the New Amsterdam Savings Bank, situated on the south side of Sixty-unch street, New York.