1644. American National Life and Trust Company (New Haven, CT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
November 13, 1882
Location
New Haven, Connecticut (41.308, -72.928)

Metadata

Model
gpt-5-mini
Short Digest
efd65fc5

Response Measures

None

Description

Newspapers consistently refer to the company as defunct and mention a receiver (Talcott H. Russell). No reports of depositor runs or temporary suspensions in the articles provided — rather the bank is in receivership and creditors/policyholders are being handled. Suits by the receiver against directors/treasurer are reported in late 1882 and early 1883.

Events (4)

1. November 13, 1882 Other
Newspaper Excerpt
In the action of Talcott P. Russell, receiver of the American national life and trust company of New Haven, Conn., against Augustus T. Post and Ellwood E. Thorne, ... the plaintiff would renew his motion to make Benjamin Noyes a party defendant ... plaintiff's theory ... Noyes, Post and Thorne were equally possessed of guilty knowledge ... .
Source
newspapers
2. November 13, 1882 Receivership
Newspaper Excerpt
In the action of Talcott P. Russell, receiver of the American national life and trust company of New Haven, Conn., ...
Source
newspapers
3. February 23, 1883 Other
Newspaper Excerpt
The receiver of the defunct American National Life and Trust Company of New Haven has brought suit against Jeremiah Bishop, Treasurer, for $50,000, alleged to have been unaccounted for by him, and the interest thereon, the whole amounting to about $100,000.
Source
newspapers
4. March 16, 1883 Other
Newspaper Excerpt
The receiver of the American National Life and Trust Company has brought suit against Joseph B. Sargeant and other directors to recover $14,000,000, alleged to have been squandered and misapplied.
Source
newspapers

Newspaper Articles (8)

Article from Evening Star, November 13, 1882

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Article Text

The American Life and Trust Company Litigation. NEW YORK, Nov. 13.-In the action of Talcott P. Russell, receiver of the American national life and trust company of New Haven, Conn., against Augustus T. Post and Ellwood E. Thorne, in the U.S. circuit court, notice was filed to-day in the clerk's office that the plaintiff would renew his motion to make Benjamin Noyes a party defendant in the suit, which motion was heretofore denied on July 17, 1882. The plaintiff's theory of the case is that Noyes, Post and Thorne were equally possessed of guilty knowledge of the facts connected with the conspiracy set up in the complaint.


Article from Daily Republican, February 23, 1883

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Article Text

# NEWS SUMMARY. # SERIOUS RIOT IN THE LUMBER REGION - OTHER MISCELLANEOUS NEWS ITEMS. The seventh anniversary of the opening of the Johns Hopkins University, in Baltimore, was celebrated yesterday, S. Teackle Wallis delivered an address, and the degree of Ph. D. was conferred upon K. Mitsukuri, now Professor in the University of Tokio, Japan, and upon B. F. O'Connor, of the University of France. In the evening the officers of the University gave a reception to the students in Hopkins Hall. The exercises were directed by President Gilman. A report comes from East Tawas, Michigan, of serious trouble at a lumber camp twenty-five miles from that place. It is said that one man chopped off another's head; that the murderer was lynched; that sixty men are guarding the body to prevent removal and that a riot is threatened. A later despatch reports that when some men from a neighboring camp attempted to take down the corpse, a general fight resulted, in which seven men were killed. At Milford, Massachusetts, yesterday, thirteen school children were thrown from a double-runner sled, which struck a tree, and nearly all of them were picked up unconscious. Mamie Murray had a leg broken, necessitating its amputation. Edward Hogan had a leg broken and was injured internally. Lewis Crane and Willie Hickey were badly bruised and, perhaps, internally injured. Lucy Gleason and Mary Doherty were badly injured. The fire insurance rates at Halifax, Nova Scotia, have been greatly increased, and in some cases doubled, because, as stated in a telegram from that city, representatives of the insurance companies having reported that "the facilities for extinguishing fires are insufficient in case of such emergencies as have occurred in other cities." The Craft murder case at Grayson, Kentucky, was given to the jury last evening. In a few minutes the jury returned, "unable to agree," but the Judge announced a recess until morning. The reason alleged by the foreman for the promptness of the disagreement was "the illness of one of the jurors." In Cincinnati, yesterday morning, a section of McLean avenue, 75 feet in length, slipped into the water at Court street, letting down the track of the Southern Railroad, and cut off communication with its passenger and freight depots. The slide occurred a short time before the arrival of an incoming train. The receiver of the defunct American National Life and Trust Company of New Haven has brought suit against Jeremiah Bishop, Treasurer, for $50,000, alleged to have been unaccounted for by him, and the interest thereon, the whole amounting to about $100,000. Suit was begun yesterday in the Superior Court at Montreal to annul the marriage of Miss Chaffey, an heiress of Perth, to Henry Allen, alias "Lord Cantyre." Miss Chaffey is under age, and married the pretended "nobleman" against her guardian's consent. The funeral of sixteen of the little victims of the school-house disaster in New York, took place yesterday morning, from the Church of the Most Holy Redeemer, adjoining the school-house. The church and the streets around it were thronged. George Bolling, colored, accused of the murder, last week, of Richard Walker, Superintendent of the Richmond Chemical Works, was arrested in New Kent County, Virginia, on Wednesday night. He will have a hearing in Richmond to-day. Preston Kean & Co., private bankers of Chicago, from whom a confidential clerk recently embezzled $55,000, have requested the Clearing House to investigate their affairs and report the result. The examination was begun yesterday. Lawyers will gladly learn that Brougham, the great English barrister, was always careful of his throat, and further that Dr. Bull's Cough Syrup is the best remedy for bronchitis and other throat troubles. Captain Pierre Lanier, of East Baton Rouge Parish, Louisiana, was shot dead while going through a neighboring plantation on his way home, last Friday. After being shot his clothes were saturated with coal oil and set on fire. There have been sent to Europe through C. B. Richard & Co., of New York, in aid of the sufferers by the Rhine floods, the sum of $112,174. The Susquehanna river, at Williamsport, was falling yesterday. The ice was moving, and a channel opened in the gorge. The strike of the New York street cleaners for $2 per day ended yesterday in their return to work at the old rate of $1.50. The convicts in Sing Sing penitentiary were reported yesterday to be quieting down. Earthquakes and volcanic disturbances are reported to be "unusually numerous" in Japan.


Article from The Daily Gazette, February 23, 1883

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Article Text

MORNING SUMMARY. Earthquakes and volcanic disturbances are reported to be "unusually numerous" in Japan. The Sheboygan Manufacturing Company's building iu Sheboygan, Michigan, was burned yesterday. Loss, $75,000. The Susquehanna river, at Williamsport, was falling yesterday. The ice was moving, and a channel opened in the gorge. The strike of the New York street cleaners for $2 per day ended yesterday in their return to work at the old rate of $1.50. There have been sent to Europe through C.B. Richard & Co. of New York, in aid of the sufferers by the Rhine floods, the sum of $112,174. The Canadian Pacific Railway Company, yesterday, sent the first through train of freight to Winnipeg, Manitoba. It goes by way of the new connection with the Vanderbilt lines. Captain Pierre Lanier of East Baton Rouge Pa.ish, Louistana. was shot dead while going through a neighboring plantatation on his way home, last Friday. After being shot his clothes were saturated with coal oil and set on fire. The funeral of 16 of the little victims of the school house disaster in New York, took place yesterday morning, from the Church of the Holy Redeemer, adjoining the school house. The church and the streets around it were thronged. The receiver of the defunct American Na. tional Life and Trust Company of New has Jeremiah for Bishop, Haven treasurer, brought suit $50,000, against alleged to have been unaccounted for by him, and the interest thereon, the whole amounting to about $100,000. In Cincinnati, yesterday morning, a section of McLean avenue 75 feet in length, slipped into the letRailting road, down and the track water of at the Court Southern street, cutting off communication with its passenger and freight pepots. The slide occurred a short time before the arrival of an incoming train. The fire insurance rates at Halifax, Nova Seotia, have been and some cases as stated in from that telegram doubled, greatly city, because, representatives increased, of in a the insurance companies having reported that "the facilities for extinguishing fires are insufficient in case of such emergencies as have occurred in other cities," Six more ineffectual ballots for United States Senstor were taken yesterday in the Michigan Legislature. O. M. Barnes, the new Fusion candidate, received votes ranging from 44 to 46; Palmer, 21 to 27: Willits, 12 to 16; and Ferry, 26 to 29. except on the last ballot, when he fell to 25. The reinaining otes were scattered. Burrow's name was finally withdrawn. At Milford, Massachusetts, yesterday, 18 school children were thrown from a doublerunner sled, which struck a tree, and nearly them were had a necessitatall Mamie ing its of Murray picked leg broken, up unconscious. amputation. Edward Yogan had a leg broken and was and and, Crane perhaps, Willie internally injured Hickey were internally. injured. badly bruised Lewis Lucy Gleason and Mary Doherty were badly injured. A report comes from East Tawas, Michigan, of serious trouble at a lumber camp 25 miles from that place. It is said that one off head: that was 60 men the to its guarding murderer man chopped body lynebed; another's prevent that removal the are and that a riot is threatened. A later dispatch reports that when some men from a neighboring camp attempted to take down the corpse a general fight resulted, in which seven men were killed.


Article from The Indianapolis Journal, March 17, 1883

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Article Text

Heavy Suit Against Directors. NEW HAVEN, March 16.-The receiver of the American National Life and Trust Company has brought suit against Joseph B. Sargeant and other directors to recover $14,000,000, alleged to have been squandered and misapplied.


Article from New-York Tribune, March 17, 1883

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SUITS AGAINST DIRECTORS. NEW-HAVEN, Conn., March 16.-The case of the American National Life and Trust Company was to-day brought into the Superior Court in the suit of Talcott H. Russell, receiver, against Joseph B. Sargeant and others for $1,400,000, alleged to have been misapplied. Two suits are brought, and the attorney for the defendant moved that the plaintiff elect before March 20 which case ne will proceed with. Judge Beardsley granted the motion.


Article from Memphis Daily Appeal, March 17, 1883

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Article Text

Suit to Recover Squandered Bank Fauds. NEW HAVEN, CONN, March 16.-The receiver of the defunct American National Life and Trust Company, brought suit against Joseph B. Surgeant and other directors, to recover $1,400,000 alleged equandered and misapplied funds.


Article from Oxford Eagle, March 22, 1883

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Article Text

A New Haven, Conn., dispatch says the receiver of the defunct American National Life and Trust company has brought suit against Joseph B. Sargeant and other directors to recover $1,400,000, alleged to have been squandered and misplaced.


Article from New-York Tribune, June 15, 1883

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AFFAIRS OF A TRUST COMPANY. New-HAVEN, Conn., June 14.--Receiver Talcott H. Russell expects to declare a dividend to the policy-holders of the American National Life and Trust Company in a short time. The assets on hand are the Insurance building, worth $150,000, and $50,000 in cash, mostly the result of suits against subscribers to the gurantee capital. In many suits the receiver aocepted compromise judgments as being the best and quickest way of obtaining anything. In a suit against