16563. Sixpenny Savings Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
March 13, 1882
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
f218e9a3

Response Measures

None

Description

Articles (Mar 13–17, 1882) report the Sixpenny Savings Bank in process of liquidation with a receiver (Wm. F. Russell) paying a fourth and final dividend. No run is described; the bank is in receivership/liquidation and effectively closed.

Events (3)

1. March 13, 1882 Receivership
Newspaper Excerpt
The receiver of the Sixpenny Savings Bank will begin paying ... fourth and final dividend ... WILLIAM F. RUSSELL, Receiver. New York City, March 13, 1882 .The Sixpenny Savings Bank in New York ... has been in process of liquidation for some time past, has made its fourth and final dividend to its depositors ... the receiver volunteers an opinion that this is a good showing ... the bank originally owed its depositors over $1,700,000 and hence some $255,000 has disappeared somewhere.
Source
newspapers
2. March 13, 1882 Suspension
Cause
Government Action
Cause Details
Receiver appointed and bank placed in liquidation; payments being made by receiver as part of winding up.
Newspaper Excerpt
Payment of the FOURTH AND FINAL DIVIDEND ... at the office of the Receiver, 744 Broadway ... WILLIAM F. RUSSELL, Receiver. New York City, March 13, 1882.
Source
newspapers
3. March 16, 1882 Other
Newspaper Excerpt
Payment of the FOURTH AND FINAL DIVIDEND ... will commence on Thursday morning, 16th day of March, at the office of the Receiver, 744 Broadway, making total payments EIGHTY-FIVE and 55 100 PER CENT to depositors.
Source
newspapers

Newspaper Articles (5)

Article from New-York Tribune, March 14, 1882

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Banking fouses and Bankers. GRANT B. SCHLEY ERNEST GROESBECK Members New.York Stock Exchange Groesbeck & Schley, BANKERS AND BROKERS, 15 WALL STREET, NEW.YORK Excinsive wire to Philadelphia, Baltimore and Washington TRUMAN HEMINWAY. A. G. HEMINWAY. A. c. HEMINWAY & co., BANKERS, 11 WALL STREET, NEW-YORK. General Banking Business. Railway Stocks, Bonds and Government Securities Bought and sold, Savings Banks. THE SIX PENNY SAVINGS BANK.-DIVIDEND NOTICE.-Payment - of the FOURTH AND FINAL DIVIDEND OF TEN 58100 PER CENT to the de. positors of the SIX PENNY SAVINGS BANK will commence on Thursday morning 16th day of March, at the office of the Receiver, 744 Broadway, making total payments EIGHTY-FIVE: and 55 100 PER CENT to depositors. Hours for payments, 10 a. m. to 3 p. III. WILLIAM F. RUSSELL, Receiver. New York City, March 13, 1882.


Article from New-York Tribune, March 14, 1882

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Maretzek, NEW-YORK CITY. The ceilings of the cabins in the Hamilton Ferry boats are covered with cobwebs. The favorite pastime among the young women 111 Harlem is said to be chewing quinine. Wall-st. is made vocal by the music of canary birds under the management of street venders. E A. Kent and George Rountree, of is city, Charles J. Allen, of New-Orleans, were elected members of the Cotton Exchange yesterday At meeting of the Chamber of Commerce y yesterday, elected Ambrose Snow and Samuel Harding were Pilot Commissioners for two years. CHECKERS IN CHATHAM SQUARE, Hackmen in Chatham-square while away tedious hours of waiting by playing checkers with stones for men and the sunlight falling through the ironwork of the Elevated Road for a board. A BROKEN SAVINGS BANK'S FINAL DIVIDEND. T The receiver of the Sixpenny Savings Bank will begin paying on Thursday, at No. 744 Broadway, fourth and final dividend of 10.55 per cent, making a 85.55 per cent in all. CROWDING AROUND A LILY. A striking proof of the e spead of the resthetic renaissance through all classes in Falton-st. yesterday, when crowd gathered about a waterlily exposed in a window. Jacob H. THE Schift, RUSSIAN treasurer REFUGEE of the FUND. Russian Refugee Fund, has receive altogether $51,492.37. Among the gifts yesterday were the following: Fatman & Co., $1,000; M. & S. Sternberger, $250; Cohen, $200. DYING OF OLD AGE. Mrs. in Ann Spence, a native of Ireland who had been this country thirty-four years died on Sunday at No. 402 West Thirtieth-st. from old age, Her relatives said she was 105 years old. THE MAYOR TO REVIEW A PROCESSION. Representatives of the Irish societies invited the Mayor and heads of Departments yesterday to review the procession at Union Square on next. cepted. St. Patrick's Day. The invitation was Friday acINJURY TO GAS WORKS. old A fire. caused by the accidental ignition of some rags, broke out yesterday morning in the engine room of the Municipal fins Company's works at the foot of West Forty-fourth-st. The building was damaged about $1,000. INCREASE OF THE GARFIELD MONUMENT FUND. The New-York State Central Committee of the Garfield Monument and has received from Henry G. Burleigh the full quota of Washington County and from William H. Robertson $419 toward the sum of $1,000 assessed to Westchester County. GENERAL CURTIS'S PLEA The counsel for General N. M. Curtis, who is charged with receiving money for political purposes from Government employes, appeared before Judge Benedict yesterday and agreed to file : written plea with the United States Circuit Court this morning. STEALING FROM AN IRISH ENGINEER. the Elizabeth Canfield, of No. 19 Morris-st.. in Essex trial in Market Police Court yesterday. held for default of a charge of stealing $300 from Humphrey R. Haines, an engineer of last, Cork, Ireland, who arrived in this city on Thursday ICEBERGS AND FIELD ICE. The steamship Otranto, which arrived from Hull yesterday, on March 6, latitude 43° north, longitude 490 west, sighte seventeen icebergs. She also encountered great fields ice, the floesextend ing as far as the eye could reach. The Belgenland also passed several icebergs and fields of ice in the same locality ATTACKED BY BEAR. The large Polar in the Central Park menagerie escaped from m. on Saturday and attacked Jacob Cook, the keeper. The animal took hold of Cook's throat, but William 11. Howard, of the American News Company, who was present, seized a large plank and forced the bear back into the cage, where he was finally secured. STONED FOR NOT GIVING BEGGARS TWO CENTS Henry Tone and Charles Ryan, of Second-ave, and Ninetv-eighth-st asked Jacob B. and John Theirs fortwo cents in Third-ave, yesterday, and because their request was fused they began assaulting the Theisses with paving stones. They were held in $300 bail to answer in the Harlem Police Court yesterday. STREETS TO BE WIDENED. The Street Opening Commission, composed of the Mayor, Controller, President of the Board of Aldermen, and the Commissioner of Public Works, yesterday decided to widen Gansevoort-st twenty feet from Washington-st. to West Thirteenth-st., and to widen West Thirteenth-st. ten feet from Eighthave. to Gansevoort-st. A HOME FOR HOMELESS CHILDREN. At the annual meeting of the corporators of the forFive Points House of Industry, yesterday, the mer trustees were reelected. William F. Barnard s continued superintendent During there were 1,031 children in the school and 847inmates of the House. The receipts for the year were $45,589 41 and the expenditures $13,796.31. TRUSTEES OF THE BRUSH ELECTRIC COMPANY The annual election of rus of the Brush Electria Illuminal ing Company was held yesterday in the company's office, at Broad ay and Fourteenthst. The trustees of last year were reelected lows: W. L. Strong, Juilliard, D. L. Einstein, W.A. Wheelock, M. Schafer, J. M. Fiske, Paine, W. L Pomeroy, C. W. Griswold, L. B. Sturges, C.M. Rowley, A.A. Hayes, jr. RESUMING WORK IN A BURNED BUILDING. The lower portion of the building at Nes. 140 and 142 Attorney in which a fire occurred on Sunday, s injured SO little that work was resumed there yesterday. The body of Francis Krass, who was killed at the fire, will be buried 10-day. Dober and Stanwertz, who escaped from the building with slight injuries, are doing weil. DINNER BY THE AGENT OF STEAMSHIP LINE. Phelps Brothers & Co., agents of the Florio-Rn battmo Steamship Line. gave dinner to a large number of New-York merchants yesterday, on board of the new steamship Archimede, Captain Viola, the commander of the vessel, presided and responded to the first toast. F. Phelps, Mr. Robinson, Mr. Van Praag and others also responded to toasts. REPORTS OF BUILDING INSPECTORS. An examiner of the Buildings Bureau yesterday sent in a report to Inspector terbrook to the effect that the building at No. 695 Broad way wasdangerously unsafe, and ought to be torn down immediately. A similar report was made concerning the stable at No.392 Cherry-st. The following buildings are said to be unsafe until repairs are made Nos. 582 Hadson-st., 529 West Thirtieth-st. and 408 East Eighty-fourth-st. SUGAR IMPORTATION FROM THE SANDWICH ISLANDS. At a meeting of the directors of the Maritime Association yesterday the subject of sugar importation from the Sandwich Islands referred special committee, consisting of Lawrence Turnure, Theodore Havemeyer, Henry F Hitch, Amedee Vatable and Wallace P.Willet. Action was taken agaiest the proposed repeal of the act of last year exempting from taxation American vessels owned in this State. FAILURE OF TWO PAWNBROKERS Boaz Levy, pawnbroker, of No. 615 Hudson-st. made assignment yesterday to Leo C.Dessar,giving preferences for $16,800. Michael Cook, a pawnbroker at No. 21 West Third-st., made an assignment to Joseph Aaron, giving preferences for $14,813. The failure of both men is said to be on account of the heavy rates of interest which they had to pay for loans. They had intimate business relations. SENTENCES IN THE GENERAL SESSIONS, Thomas Hennessy, who pleaded guilty to assault and battery in shooting Policeman Jacob Tooker


Article from New-York Tribune, March 15, 1882

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Savings Banks. THE SIX PENNY SAVINGS BANK.-DIVIDEND NOTICE - Payment of the FOURTH AND FINAL DIVIDEND OF TEN 55100 PER CENT to the de. positors of the SIX PENNY SAVINGS BANK will commence on Thursday morning. 16th day of March, at the office of the Receiver, 744 Broadway, making total payments EIGHTY FIVE and 65 100 PER CENT to depositors. Hours for payments, 10 a. m. to 3 D. m. WILLIAM F. RUSSELL, Receiver. New. York City, March 13, 1882.


Article from New-York Tribune, March 17, 1882

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THE NEWS THIS MORNING. FOREIGN.-The report that the Montenegrin Army has been mobilized is denied. The returns of the French exports and imports for January and February show a large increase over those of the same months last year. The Czar, it is said, has received proof that the Nihilists intend to abandon their policy of assassination. Dr. Lamson's friends are endeavoring to secure a respite for him, asserting that his mind is unsound. No loss of life was caused by the earthquake in Costa Rica. Edouard Foussier, the French dramatic author, is dead. CONGRESS.-In the Senate yesterday Mr. Logan explained his Educational bill. On motion of Mr. Edmunds the Senate, by a vote of 40 to 15, passed an amendment to the Post Office Appropriation bill restoring the franking privilege to Senators and Representatives. In the House, Mr. Taylor, of Ohio, spoke at length against the Chinese bill. A resolution was adopted directing the Committee on Foreign Relations to call for copies of all of Shipherd's correspondence relating to the Peruvian Company between himself and the officers of the Government. DOMESTIC.-Henry Riemeshaw, an insane man, attempted yesterday to assassinate Dr. John P. Gray, Superintendent of the State Lunatic Asylum at Utica. The Advisory Commission ended its labors at Philadelphia. The Pacific National Bank of Boston will resume business on Saturday. The Cumberland coal miners are still on strike. A collision occurred yesterday between two trains on the Baltimore and Ohio Railroad, in which several passengers were injured. A Republican State ticket was nominated in Rhode Island. Sergeant Mason was taken to the Albany Penitentiary yesterday. The Rev. Dr. Lyman Coleman, of Lafayette College, died at Easton, Penn. CITY AND SUBURBAN.-Dr. F. H. Hamilton read a paper on the Science of Plumbing before the Academy of Medicine last night. Ex-Governor Morgan talked with a TRIBUNE reporter in reference to the condition and prospects of business. Mayor Grace, Police Commissioner French and others spoke yesterday concerning the proposed investigation of city departments. Receiver Russell, of the Sixpenny Savings Bank, paid its last dividend. President Calhoun, of the Fourth National Bank, was buried. Commissioner Wales has written a letter to Assemblyman Roosevelt in regard to Park management. Gold value of the legal-tender silver dollar (412½ grains), 87.21 cents. Stocks opened active and strong, later were dull and irregular, and closed unsettled. THE WEATHER. TRIBUNE local observations indicate warmer and fair or partly cloudy weather. Thermometer yesterday: Highest, 40°; lowest, 32°; average, 36¾°.


Article from Savannah Morning News, March 22, 1882

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The Sixpenny Savings Bank in New York, which has been in process of liquidation for some time past, has made its fourth and final dividend to its depositors, who have received in all between 85 and 86 per cent. of their deposits. The receiver volunteers an opinion that this is a good showing and boasts that the lawyers have only secured $7,000 out of the wreck, but does not state how much he took for his salary. The bank originally owed its depositors over $1,700,000 and hence some $255,000 has disappeared somewhere.