16435. Ocean Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 22, 1875
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
0b18b094

Response Measures

None

Description

Articles repeatedly refer to Theodore (N.) Davis as receiver of the 'broken Ocean Bank' and a civil suit to recover bonds from the bank's receiver. No article describes a depositor run or a temporary suspension/reopening; the bank is already in receivership (permanently closed). Date of receivership not stated in the excerpts; the reports are from Oct 1875 about the receiver and a 1869 robbery.

Events (1)
1. October 22, 1875 Receivership
Newspaper Excerpt
the civil suit brought by Samuel C. Archer against Theodore Davis, receiver of the Ocean Bank, for the recovery of $10,000 in United States bonds ... receiver of the broken Ocean Bank
Source
newspapers

Newspaper Articles (6)
1. October 22, 1875 The Cincinnati Daily Star Cincinnati, OH
Article from The Cincinnati Daily Star, October 22, 1875

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New York. More Tweedery Unraveled--Oceam Bank Richness.-From Washington--Frederick Hudson, etc., etc. NEW YORK, Oct. 22.-It is said representatives of the estate of the late James Watson, County Auditor, have agreed to surrender to this city bonds amounting to $500,000, which are now looked in the Treasury of the county, and which were previously attached by the Attorney General. The Graphic's Washington special says there is a good deal of uneasiness in political circles touching the condition of affairs between the United States and and United States Spain and Mexico, with regard to Spain. The difficulty is mainly about Cuba. it is believed that notice has been given to the Spanish Government that if fighting be not ended by January first next ensuing the United States Government will recognize the belligerency of the insurgents. The special predicts that the President's message to Congress will touch upon this subject. A civil suit has been begun in the U. S. Circuit Court against the receiver of the detunct Ocean Bank for the recovery ot $100,000 of U. S. bonds, which were in the bank when it was robbed in June, 1869. Council for Samuel C. Orcher, plaintiff, said that they intended* to prove that Stevenson, President of the bank, planned the robbery, and shared the $430,000 taken by the burglars. The Telegram publishes an editorial in mourning in memory of the late Frederick Hudson. It pays him a graceful tribute, as one of the fathers of American journalism. Wm. Delany, on trial in the Queen's County Court of Oyer and Terminer, before Judge Pratt, for the murder of Capt. of the schooner Lawrence, Carn Joseph 27th, E. Potts, in Bay, Aug. was found guilty of murder in the first degree, and sentenced to be hanged Dec. 10th. A special meeting of the New York Press Club was held to take action relative to the death of Frederick Hudson. George T. Williams, of the N. Y. Herald, occupied the chair. A committee of three was appointed to drait suitable resolutions, which, when presented, were unanimously adopted. An address was delivered by George Andrews, Tax Commissioner, on the social qualities of the deceased, and paid a touching tribute to his genius. Jeff. Doyle and other members of the Club who had known Hudson personally in connection with the press, also spoke very highly of his gentle nature. NEW YORK, Oct. 2.-Barnum's Hotel, Broadway and Twentieth streets, of which Barnum, of St. Louis, is proprietor, closes to-morrow for lack of patronage. The building is owned by A.Gilsey, who will turn the lower floor into stores. A Washington special says all the pare ties but one of the St. Louis whisky ring pleaded guilty. This makes a clear case against the Government officials indicted for complicity in the frauds, and they & will be vigorously prosecuted.

2. October 22, 1875 The Rutland Daily Globe Rutland, VT
Article from The Rutland Daily Globe, October 22, 1875

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From New York. FAILURES. NEW YORK, Oct. 21. Isaac T. Meyer & Co, dry goods importers, failed and assigned yesterday, and B. G. Smith, jr., stock broker, also failed. A SUSPENDED FIRM'S STATEMENT. The suspended firm of Strauss, Lehman & Co., importers of dry goods, filed their schedule yesterday in the common pleas court. Their English debts aggregate £60,090, and their principal English creditors are in Manchester, Hubbersfield and Bradford. The chief of the New York creditors are Morris Tusher, $31,804.80, and Hallgarten & Co., $17,448.76, gold. Liabilities, $399,745.48, gold; assets $194,031.04, gold. Morris Tuskar is assignee. RECOVERED FROM SWINDLERS. Murray Hoffman, referee in the suit of the City vs. Tweed aud Watson for $6,000,000, has reported that the estate of Mary Watson, administratrix of James Watson, late county auditor, is liable to the city for $648,491.51, the balance of frauduleut claims for $1,177,748.73, paid on warrants passed by Watson, Tweed, Conuolly, Ingersoll, Gravey and others, in conspiring, and of which sum $529,528.52 was retained by the persons in whose names the warrants were ordered. A BOLD CLAIM. In the civil suit brought by Sam. C. Archer against Theodore Davis, receiver of the Ocean bank, for the recovery of $10,000 in United States bonds in the bank when robbed in 1869, Mr. Morris, counsel for Archer, said they would prove that Stevenson, who was then cashier and subsequently president of the bank, planned the robbery and shared in the proceeds. It will be remembered that the burglars obtained $450,000. FIRE. Wagner's lager beer brewery at Stapleton, Staten Island, was burned to-day. Loss $50,000 and supposed to be insured. SENTENCED. Policeman Redmond Joyce of Brooklyn, was sentenced to-day to 29 days in jail for manslaughter of Robert Gilmore.

3. October 23, 1875 Eureka Daily Sentinel Eureka, NV
Article from Eureka Daily Sentinel, October 23, 1875

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EASTERN DISPATCHES. By Overland Telegraph. [SPECIAL TO THE DAILY SENTINEL.] A Horrible Murder Discovered in Denver, Col. DENVER, Col., Oct. 21. A most atrocious murder was unearthed here to day. A small tene ment house in the eastern portion of the city which had recently been VRcated by some Italian musicians was visited by a policeman to detect the cause of a stench that appeared to issue from it. He discovered in the cellar of the builing the dead and putrid bodies of an old man and three boys, all Italians. The bodies bear the ghastly marks of the knife. The throats of all had been cut. The murderers are believed to be Italians. Intense indignation prevails and detectives are out in all directions searching for the murderers. Death of a Distinguished Kentuckfan. LOUISVILLE, KY., Oct. 21. A special from Paris, Ky., says that Hon. R. T. Davis, eldest son of late Senator Garrett Davis, and the most prominent member of the Bourbon county bar, was found dead in his bed this morning. Death is supposed to have been caused by an overdose of chloral. which he had been in the habit of using as an antidote for pain. Mr. Davis was President of the Northern Bank of Kentucky, and was deservedly held as one of the first citizens of the county and State, Waylaid and Shot. MEMPHIS, Tenn., Oct. 21. Henry L. Ballard, formerly of Texas. residing near Marion, Ark., while riding with a lady yesterday afternoon near his place, was waylaid and shot by a man named Andrews, the charge taking effect in the neck and face and knocking him off his horse. Alter falling Ballard asked Andrews to raise him into a sitting posture, which he did. Fributes to the Memory of Fred'k Hudson-Serious Charge Against a Bank Receiver. NEW YORK. Oct. 21. All theevening papers publish glowing tributes to the memory of the late Fred'k Hudson. In the civil suit brought by Samuel C. Archer against Theodore Davis, Receiver of the Ocean Bank, for the recovery of $10,000 in United States bonds, in the bank when robbed in 1869, Mr. Morrison, counsel for Archer, said they would prove that Stevenson, then Cashier and afteward President of the bank, planned the robbery and shared in the proceeds. It will be remembered that the burglars obtained about $450,000. Mail Matters in the South and Southwest. WASHINGTON, Oct. 21. Postmaster General Jewell had a long coversation to-day with Col. Thos. A. Scott, who came here at his request to arrange for giving the department all possible facilities on the railroads controlled by the latter in the South and Southwest. with a view to still greater dispatch in the distribution and connection of mails there. Col. Scott acquiesed in Gen. Jewell's suggestion and promised to extend all facilities that may be desired. Fatal Shooting. SCRANTON, Pa., Oct. 22. E. L. Hicks, son of Major Hicks, a highly respectable citizen of W yoming, surrendered himself to the police last evening, stating that on the previous evening he shot ArchibaldAncerson.for several years engineer at the Diamond mine. It appears the parties met at Trip's Ravin, a lonely spot, and Hicks, mistaking Anderson for a desperado, and without the exchange of a word, fired at him, inflicting a wound from which he died yesterday. New York Items. NEW YORK, Oct. 22. Wm. Delaney, convicted of the murder of Capt. Lawrence on board a schooner in the sound, was sentenced to be hanged December 10. Barnum's Hotel, at Broadway and Twentieth streets, will be closed tomorrow under circumstances considered equivalent to suspension of business by the present proprietors. The failure of Joseph W. Duryee, lumber merchant, is announced. Assets and liabilities not stated. Commissioners representing the city of Mobile, Ala., are endeavoring to effect arrangements by which their city debt may become less burdensome. They state that the people wish to pay their creditors every dollar they can, but the city if held for her present obligations is hopelessly insolvent and can never pay. The Supplementary Book Fair opened yesterday at Clinton Hall, under the auspices of the American Book Trade Association. About forty publishing houses were represented. In the suit of the city against the estate of the late Jas. Watson, who was the former ring County Auditor, judgment has been given for the recovery of $648,491, as a part of the alleged six

4. October 27, 1875 The Daily Gazette Wilmington, DE
Article from The Daily Gazette, October 27, 1875

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SERIOUS CHARGE AGAINST A BANK OFFICER - The suit of Samuel C. Archer VS. Theodore N. Davis, receiver of the broken Ocean Bank, of New York, to recover the value of $10,000 of United States bonds, which were among the $450,000 of special deposits taken from the bank by burglars in June, 1866, was opened in the U.S. Circuit Court of New York on Thursday. Mr. Norris, in opening the case for Mr. Archer, said they would prove that Columbus S. Stevenson, who was then cashier and subsequently president of the bank, planned the robbery and shared in the proceeds. Stevenson was present in the court room, as unconcerned, however, as any one present.

5. October 29, 1875 The Albany Register Albany, OR
Article from The Albany Register, October 29, 1875

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The murderers are believed to be Ital. ians. Intense indignation prevails and detectives are out in all directions searching for the murderers. NEW YORK, Oct. 21.- the civil suit brought by Sam C. Arches, against Theodore Davis, receiver of the Ocean Bank, for the recovery of $10,000 U. S. bonds, in the bauk when it was robbed in 1869. Mr. Morris, counsel for Archer, said they would prove that Steven. son, then dashier, and afterwards president of the bank, planned the robbery and shared in the proceeds. It will be remembered the burglars obtained about $450,000. B.G. Smith, Jr., stock brocker, has given notice the stock exchange of his liability to meet his engagemenos. Strauss, Leman & Co., importer's of dry goods, who assigned, have filed their schedule. The whole liabilities are $399,645, gold, and the assets, $177,031, alsc gold. Sixty-seven thousand pounds are due in England; 65,000 florins to German banks, and $57,000 gold in this city. TROY, N. Y., Oct. 21.-The house of Rankin & Co., wool dealers, have suspended payment. Liabilities are $140, 000. They have cash assets sufficient so pay sixty cents on the dollar, and ex. pect to resume. MEMPHIS, Oct. 21.-A petition in bankruptcy was filed to-day in the U. S. district court by Carroll & Karr, at torneys, representing New York creditors against J. Wiggins &Co, hatters and furriers, Main street. Liabilities about $40.000. A similar petition was filed against J. D. Williams, clothier, of Maine street, by creditors. In he suit of Joseph E. Schmidt & Co., tobacco merchants, against Fetee, the sheriff has seized several thousand dollars' worth of tobacco and other chandise at Fettee's house. It is alleged that Fettee has fraudulently purchased about a hundred thousand dollars worth of goods on credit in several different cities, and the suit of Schmidt & Co. against him is to recover payment of certain promiscry notes given by him for tobacco. Los ANGELES, Oct. 21.-This mor ning the regular down Wilmington train started from the depot of the Southern Pacific railroad on schedule time of 10:15. When about three miles from the city, an axile broke. It was not discovered for about a quarter of mile. The train consisted of two passenger coaches and a section of freight cars. The break occurred in the freight car. Five freight cars were wrecked, and three platform and two box. wrecking car was at once sent to the scene of the disaster. The train was put in trim and moved off without any interruption. No one was injured and the damage tritling. Gov. Pacheco has appointed Chief Justice Wallace a member of the board of regents of the university of California, vice Sachs, resigned. Gov. Pacheco has named J. B. Erringer of San Fran cisco, and Wallace and David Delsenheld of San Diego, as members of the delegation from California to the nation al railroad cenvention to be held in St. Louis Nov. 25th, for the purpose considering the construction of the Paci fic railroad throught the states and terri tories of the southwest. The state entitled to three more delegates who yet appointed. The trial of Johnny Tuers, negro minstrel, indicted for the killing James Dowling, in the Snug saloon, on Washington street, about three years ago, was commenced this morning in the 15th district court. A mortgage as security for motiey loaned on prommissory notes, has been recorded from William Sharon to Odd Fellows'Savings Bank for $600,000 ou the Cosmopolitan Hotel and other neighboring property. SAN FRANCISCO, Oct. -The case of M.H. DeYoung, of the Chronicle, charged with libeling Rev. O. P. Fitz came the court this afternoon. gerald, peared for the Judge up prosecution in Leander police and Quint Alex ap. Campbell for the detense. The papers not yet having been transferred from the county court the case was continued for hearing by consent until Saturday Fitzgerald nor DeYoung were present Body of an Unknown Female Found. DETROIT, 22.-The body of a female was found on the beach near Grand Ha ven, this morning. The body IS suppos ed to be that of either the daughter niece of Captain Scott, of the propeller Equinox, which was lost during th heavy gale six weeks ago. The body a badly bloated, the hair all off the head, cloth gaiters on, calico wrapper striped stockings and skirt. The body had a life preserver on, but no marks proving that it belonged to the propell. er Equinox. The clerk of the propell ct er say: that both ladies had life preservers on when the propeller went down Fatally Poisoned. ST. LOUIS. Oct. 22 A special from cMacon, Mo., says Dr. B.F. Sherman and Samuel Parker went to Bevie's to day. While there they visited Dr. m Shanks' drug store. After leaving the store they had not proceeded ten rods d when Parker tell on the street in con vulsions. In five minutes Dr. Sherman us was similaly affected, and in twenty A minutes both were dead It is supposed rthey were poisened. en Vermillion, Ohio, Destroyed by Fire. ed

6. October 29, 1875 The Interior Journal Stanford, KY
Article from The Interior Journal, October 29, 1875

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Crimes. John A. Wilson, James Davidson, and two Italians named Carlo Cavino and Giovanni Petroni, were arrested in Philadelphia recently on a charge of counterfeiting the postage stamps of Greece, Guiana, Bavaria, Hanover, and Niearagua, and were examined before the United States Commissioner. A most atrocious murder was unearthed in Denver, Col., recently. A small tenement house in the eastern portion of the city, which had recently been vacated by some Italian musicians, was visited by a policeman to detect the cause of a stench that appeared to issue from it. He discovered in the cellar of the building the dead and putrid bodies of an old man and three boys, all Italians. In the civil suit brought in New York by Samuel c. Archer against Theodore Davis, the receiver of the Ocean Bank, for the recovery of ten thousand United States bonds