16411. North River Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 9, 1896
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
6a2e013c

Response Measures

None

Description

Articles indicate North River Bank had a receiver (Francis Higgins) by July 1896 and was in receivership into 1897 when the receiver declared a dividend. No run is mentioned. The bank appears to have suspended operations and been placed in receivership (permanent closure).

Events (2)
1. July 9, 1896 Receivership
Newspaper Excerpt
Two judgments for $30,546 were entered yesterday ... in favor of Francis Higgins as receiver of the North River Bank, on notes made by Mr. Robinson ... .
Source
newspapers
2. February 15, 1897 Other
Newspaper Excerpt
Francis Higgins, receiver of the North River Bank, to declare and pay to the depositors and certain creditors a dividend of 3 per cent on February 15. It will require $45,751.86 to pay the dividend, and the receiver is authorized to withdraw $23,500 from the Union Trust Company...
Source
newspapers

Newspaper Articles (2)
1. July 9, 1896 New-York Tribune New York, NY
Article from New-York Tribune, July 9, 1896

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Article Text

LOCAL BUSINESS COMPLICATIONS. John C. Mather, Donald H. Matheson and Mayer Schwed, composing the firm of J. C. Mather & Co., manufacturers of Infants' wear, women's skirts and flannel goods at No. 21 West Houston-st., made an assignment yesterday to Vallandigham B.*Baggott, giving preferences to the People's Bank, $1,000, and Joseph Meyer, $1,030. They also used the style of the Aetna Embroidery Company. Mr. Mather was formerly in business at Darien and Winsted, Conn., and started here in 1886. Mr. Matheson became a partner in 1887, and Mr. Schwed in July, 1894. The failure is attributed to dull trade and pressure of creditors. The liabilities are about $15,000, and assets probably $6,000. William H. Ricketts has been appointed receiver for the firm of Dale & O'Reilly, doing business as the Dale Manufacturing Company, at No. 108 Greenwichst., by Judge Stover, of the Supreme Court, in a suit brought to dissolve the copartnership on account of differences between the partners. The liabilities are about $10,000, and assets about the same. Augustus Appel has been appointed receiver in supplementary proceedings for John Stimmel, proprietor of the Germania Assembly Rooms at Nos. 291 and 293 Bowery, by Judge Conlan, of the City Court, on the application of Judge John P. Schuchman, who is a creditor for $478. Two judgments for $30,546 were entered yesterday against Elisha Robinson, map publisher of No. 82 Nassau-st.. in favor of Francis Higgins as receiver of the North River Bank, on notes made by Mr. Robinson to the order of Millard R. Jones and Cornelius R. Parsons.

2. January 20, 1897 New-York Tribune New York, NY
Article from New-York Tribune, January 20, 1897

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Article Text

LEGAL INTELLIGENCE. PROCEEDINGS IN LOCAL COURTS. Louise Bruce obtained from Justice Beekman in the Supreme Court yesterday a writ of habeas corpus, directing Martin Hayden to produce "Freddie" Hukle in court. Mrs. Bruce is the mother of "Freddie," and she alleges that Hayden, who says he is the husband of the girl, is restraining her of her liberty at No. 210 West Twenty-fifth-st. Another suit brought by Elsa Foster against the estate of the late banker, Salvatore Cantoni, was decided by Justice Russell in the Supreme Court yesterday. Mrs. Foster made application to continue a suit brought by her against Louis Bomeisler, executor of the estate, for $100,000 for services. Justice Russell denied Mrs. Foster's motion to continue the suit against the executor, stating that such an action would be against public policy, illegal and void. Justice Andrews in the Supreme Court yesterday authorized Francis Higgins, receiver of the North River Bank, to declare and pay to the depositors and certain creditors a dividend of 3 per cent on February 15. It will require $45,751 86 to pay the dividend, and the receiver is authorized to withdraw $23,500 from the Union Trust Company, which, with money on hand, will make enough to pay the amount. A suit brought by Nellie Tuweson, a young Swedish woman, against Filander Johnson, a carpenter, to recover $10,000 for breach of promise of marriage, was tried before Justice Glegerich and a jury in the Supreme Court yesterday. The plaintiff alleged that she and the defendant played together as children in Sweden, and when she came to this country three years ago he called on her, took her to places of amusement and promised to make her his wife. She saw him frequently in his room, and he promised to marry her whenever she made a demand on him to do so. She had a child by him, and he then refused to keep his promise. The defendant, when he took the stand, denied having made any promise, and accused the plaintiff of improper conduct with other men, admitting, however, that he never saw any such impropriety on her part. The jury returned a verdict for the plaintiff for $5,000. Justice Giegerich denied a motion for a new trial.