16596. Stuyvesant Safe Deposit Company (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
February 10, 1894
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
40913904

Response Measures

None

Description

Articles report the company took proceedings for voluntary dissolution (Feb 10, 1894), a receiver was appointed (May 21, 1894), and the receiver was authorized to examine vaults (June 20, 1894). No run or depositor panic is mentioned. This is a voluntary dissolution leading to receivership/closure.

Events (3)
1. February 10, 1894 Suspension
Cause
Voluntary Liquidation
Cause Details
Directors initiated voluntary dissolution because business had fallen off about 80% and was no longer profitable.
Newspaper Excerpt
The Stuyvesant Safe Deposit Company of New York has taken proceedings for a voluntary dissolution. The directors say they want a dissolution because business has fallen off 80 that it is no longer profitable.
Source
newspapers
2. May 21, 1894 Receivership
Newspaper Excerpt
RECEIVER APPOINTED. Supreme Court. Matter of Stuyvesant By Safe Barrett, Deposit J. Co-John H. Morrin Bond, $200,000.
Source
newspapers
3. June 20, 1894 Other
Newspaper Excerpt
Judge Ingraham, of the Supreme Court, has signed an order authorizing John H. Morris, the receiver of the Stuyvesant Safe Deposit Company, to examine the vaults of the company for the purpose of looking for the will of Mrs. Elizabeth Weimer, which is supposed to have been deposited there.
Source
newspapers

Newspaper Articles (3)
1. February 10, 1894 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, February 10, 1894

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Article Text

NEWS NUGGETS. Brought by the Wires from the North. East, South and West. The early passenger train on the Lehigh Valley Railroad struck and instantly killed two Hungarians near Mahoney City, Pa. Anarchist warnings were found pasted on residences of Chauncey M. Depew, W. K. Vanderbilt, Mrs. Drayton. sister of John Jacob Astor, and others at New York, Friday. The Stuyvesant Safe Deposit Company of New York has taken proceedings for a voluntary dissolution. The directors say they want a dissolution because business has fallen off 80 that it is no longer profitable. TI plant of the Ute Pass Paint works, Colorado City, Col., the largest of the kind west of the Missouri river, was burned Friday. Machinery and buildings were valued at $150,000. with $20,000 ia8 rance. Patrick Egan, section hand on the New York & New England Railroad, was found d ad, frezen to the ground, under a trest'e work at East Hartford, Ct., Friday. Egan was 30 years old and had a wife and two children. It in supposed he was walking home on the track when run. over by a freight train. United States Judge Butler, at Philadel phis, Fritay, was appointed a receiver for the Signia Iron Company. The authorized capital stock is $5,000,000, of which $220.000 was paid in. Available assets, about $100,000; floating debt, $185,000. Among the tiabilities was an issue of $500,000 debenture bonds. Dr. J. H. He!mer, vice president of the defunct Merchants Bank of Lockport, N. Y., was, Friday. indicted for perjury in connection with the affairs of the bank. He was arrested and admitted to bail. The cashier, J.J Arnold, now in juil, will be t a next week for perjury and embezzlement. Ilis shortage exceeds $100,000. Captain W. F. Drake of the schooner Annie G. Chase was found dead in Lisbunk at Jacksonville, Fla., Friday, a pistol by lis side and a hole through his head. Thursday the schooner was libelled by the South Kilby Railread Supply Co. Anni ton. The captain delivered a cargo of railroad iron, sent to Traders' Hill, Ga., to be delivered on shipper's order, without these orders. The concern to which the e T20 was delivered broke, hence the libel suit of the shippers. The cargo was valued at $6000. Captain Drake's mistake drove him to death.

2. May 21, 1894 New-York Tribune New York, NY
Article from New-York Tribune, May 21, 1894

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Article Text

COURT CALENDARS For TO-DAY. Supreme Court-General Term.-Recess. Supreme Court-Chambers-Before Patterson, J.-Court opens at 10:30 a. m. Motion calendar called at 11 a. m. Supreme Court-Special Term-Part I-Before Ingraham, Nos. J.-Demurrers: Nos. 121, 122, 124, 130. Divorces: 1999, 2001, 2007, 2005, 2006, 2008, 1843, 1924, 1842, 1996, 1383, 1997. Law and fact: Nos. 1194, 1217, 1224, 1238, 1431, 1338, 1357. 1448, 1400, 1401, 1473, 1481, 1643, 1121, 979, 1157, 188, 644, 1003, 1488, 439. Case untinished. Circuit Court-Part I-Before Lawrence, J.-Causes to be sent from Part III for trial. Clear. Circuit Court-Part II-Before Andrews, J.-Causes to be sent from Part III for trial. Clear. Part-Part III-Before Barrett, J.-Nos. 1723, 957, Circuit 1141, 1749, 1018, 3183, 317%, 1729, 1923, 1166, 1906, 1630, 1396, 4383, 3963, 1146, 1485, 3953, 1771, 1910, 102114, 1360. 1629. Clear. Circuit 1691, Court-Part IV-Before Beach, J.-Causes to be sent from Part III for trial. Clear. Court-Special Term-Before Dugro, J.-Nos. 888, 818, Superior 893, 495, 666, 568, 849, 858, 860, 872. 882, 892, 808, 424, 815, 845, 843, 852, 866. Case unfinished. Superior Court-Equity Term.-Adjourned until Thursday, 24. May Court-Trial Term-Part I-Before Gildersleeve, unfinJ.--Nos. Superior 1648, 1491, 2109, 1649, 1509, 1395. Case ished. Superior Court-Trial Term-Part II-Before McAdam. J.-Nos. 1611. Clear. Superior 1197. Court-Trial Term-Part III-Before Sedgwick, C. 2018, 1284, 1725. Clear. J.-Nos. Court-Chambers-Before Fitzgerald, 11 8.- 3. Surrogate's matter of Mamie and Sophie Aronson, at Bissell, No. Wills 152. for probate: Sophia E. Downing, Estelle Dixon. m. Gilbert M. Spier, Henrietta B. Ward, Jonathan L. at a. 10:30 m. Court-Trial Term-Before Arnold, S.-No. 944, Surrogate's Catharine Striegel, at 10:30 a. m.; No. will of 951, will Bridget of Haran, at 10:30 a. m.; No. 942, will of will of 10:30 a. m.: No. 965, of William Edward B. H. Rowland, Lyman, at at 10:30 a. m: No. 966, will Frederick Common Fertig, Pleas-Special at 10:30 Term--Before a. m. Daly, C. J.-Noz 5. 6. 14. Pleas-General Clear. Term-Adjourned for Glegerich the term. Common Pleas-Trial Term-Part I-Before calJ.-Case Common on, No 1067, Zeller vs. Webb. No day endar. Common Pleas-Trial Term-Parts II and III-Ad. journed City Court-Special for the term. Term-Before Newburger, J.-Mo tions. Court-Trial Term-Part I-Before Conlan, 1003, 3.City 2424. 1939, 642, 1791, 1340, 1855, 1940, 1413, Nos. 1518, 2354, 2362, 528, 51, 1444, 2388. 3649½, 478, 1867, 2019, 1595, 2024, 1511, 1958, 1515, 1960, 1961, 2374, 2375, 2379, 2393. City 1297. Court-Trial 2411, 2412, Term-Part 2413. Clear. II-Before 3950, Ehrlich, 3951, C. 1686, 1.00 411, Nos. 3818, 1660. 231, 1231. 232, 2289. 233, 1551, 1478, City 2278. Court-Trial Term-Part -Nos. 1904, 2107, 2081, 2113, 2080. 1168, 2112, 2057, 2168, 1638, 2165, 2166, Clear. Term-Part IV-Before Van Wyck, 4017, 3.00 City Court-Trial 4016, 2499, 3552, 3830, cases: Short 4019, 4061. causes: 3558 Nos. 3928, 4015. 3585, 3019, 3981. Equity Nos. 143, 134, 137. 148. Clear. REFEREES APPOINTED. Supreme Court. By Barrett, J. Matter Baird of vs. O'Brien-George Eighth Avenue Bell. Railroad Co.-William H. Willis. Bell. FOR Albany Savings ter. McGeorge V8, Silverman & Co.-James D. Hewitt. By Ingraham, J McGuire-William H. Willis. A. D. Far. Gannon Eaton Type vs. Finishing Manufacturing Co. vs. mer & Son Type Foundry Co.-John A. Deady. Superior Court. By Dugro, J. Crane vs. Horgan-George E. Wentworth. RECEIVER APPOINTED. Supreme Court. Matter of Stuyvesant By Safe Barrett, Deposit J. Co-John H. Morrin Bond, $200,000.

3. June 20, 1894 New-York Tribune New York, NY
Article from New-York Tribune, June 20, 1894

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Article Text

BITS OF LEGAL NEWS. Permission was given by Judge Dugro, of the Superior Court, yesterday to various creditors of Henry and David J. Solomon to bring suits in the Superior Court against Henry Solomon, the receiver, to recover upon their respective judgments. The receivers of the New-York Concert Company (Limited) were yesterday allowed by Judge Dugro to sell for $11,500 nine first mortgage bonds of the company of the par value of $1,000 each. On the application for the appointment of a lunacy commission to make an examination of Thomas L. Darragh, the wealthy builder, Judge Bischoff, of the Court of Common Pleas, yesterday gave one week for a medical examination of Mr. Darragh by a doctor, to be selected by the petitioners. Judge Ingraham, of the Supreme Court, has signed an order authorizing John H. Morris, the receiver of the Stuyvesant Safe Deposit Company, to examine the vaults of the company for the purpose of looking for the will of Mrs. Elizabeth Weimer, which 48 supposed to have been deposited there. She died on April 20 last, and her will has not yet been found. John Baum, who says he 18 one of the executors of the will, made the petition to the court for the order to examine the vaults. Judge Ingraham, of the Supreme Court, has ordered on the short-cause calendar for trial the action brought by the Danbury National Bank against R. Ogden Doremus and Thomas C. Doremus to recover on a promissory note for $500 made payable to the order of Hotchkiss & Co. The defence is that the bank did not purchase the note for value. It is alleged that It was converted by Philo T. Hotchkiss, who is now serving a term in Sing Sing prison upon a conviction of grand larceny.