16613. Third Avenue Savings Institution (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
February 1, 1888
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
5255d28a

Response Measures

None

Description

Articles (Feb–Mar 1888) describe the institution in the hands of a receiver (William P. Dixon) paying small dividends to depositors and obtaining court orders. There is no description of a depositor run in these clippings; the bank was in receivership and paying dividends, indicating a suspension and permanent closure/receivership rather than a temporary run-and-reopen.

Events (2)
1. February 1, 1888 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership; payments distributed by receiver rather than by the bank (court-appointed receiver managing distributions).
Newspaper Excerpt
TO DEPOSITORS IN THE THIRD AVENUE SAVINGS BANK-The receiver of the Third Avenue Savings Bank will pay to depositors a third and final dividend of ONE AND ONE-HALF per cent on and after February 1. 1888, at the LINCOLN NATIONAL BANK
Source
newspapers
2. March 28, 1888 Receivership
Newspaper Excerpt
William P. Dixon, receiver of the Third Avenue Savings Bank, obtained an order from Justice O'Brien, of the Supreme Court, yesterday, authorizing him to pay the dividend of 1 1-2 per cent, which he has recently declared, to sixty persons, whose claims are in his hands and are pronounced by him to be valid.
Source
newspapers

Newspaper Articles (4)
1. February 2, 1888 New-York Tribune New York, NY
Article from New-York Tribune, February 2, 1888

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Article Text

Wividend Notices. METROPOLITAN TRUST COMPANY. 85 WALL-ST., NEW-YORK, Jan. 23, 1888. OUPONS of the CLEVELAND AND MABIETTA RAILWAY COMPANY, due February 1, 1888, will be paid on and after that date at the office of the METROPOLITAN TRUST COMPANY. CHARLES M. JESUP, Secretary. LLINOIS CENTRAL RAILROAD COMPANY.-51ST SEMI-ANNUAL CASH DIVIDEND.From the net earnings of the year ended December 31. 1887, the Directors have declared a Semi-annual Dividend of Threeand-One-Half per Cent. In cash, payable March 1, 1888, to Stockholders of the Illinois Central Railroad Company as registered at the close of business February 8, 1888. The Annual Meeting of Stockholders will be held March 14, 1888. The Stock Transfer Books will be closed for the purposes of the above dividend and of the Stockholders' Meeting from the close of business on February 8 until March 15, 1888. A. G. HACKSTAFF. Acting Secretary. CHICAGO AND ALTON RAILBOAD COMPANY, } CHICAGO, ILL, February 1. 1888. OTICE.-A Quarterly Dividend of Two Dollars Per Share has this day been declared on the Preferred and Common Stock of this Company, payable on the First Day of March next 10 Stockholders of record at the close of business hours on the fifteenth inst. The dividend on shares registered in New-York will be paid at the office of the Company's Agents, Messrs. John Paton & Co., 52 William-st.. New-York, and the dividend on shares registered in Chicago will be paid at the Office of the Treasurer of the Company. C. H. FOSTER. Treasurer. T°, DEPOSITORS IN THE THIRD AVENUE SAVINGS BANK-The receiver of the Third Avenue Savings Bank will par to depositors a third and final dividend of ONE AND ONE-HALF per cent on and after February 1. 1888, at the LINCOLN NATIONAL BANK, 82 EAST 42D-ST.. NEW-YORK. Pass books must be surrendered. THE New-York NATIONAL EXCHANGE BANK, NEW-YORK, January 31, 1888. meeting of the a dividend of Three (3) Per Cent was declared, payable on demand. C. B. OUTCALT, Cashier.

2. February 3, 1888 New-York Tribune New York, NY
Article from New-York Tribune, February 3, 1888

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Article Text

Office of the Secretary, Montreal, Jan. 2, 1888. CHICAGO, ILL., February 1. 1888. CHICAGO AND ALTON RAILROAD COMNOTICE.-A QUARTERLY DIVIDEND of Two Dollars Per Share has this day been eclared on the Preferred and Common Stock of this Company. payable on the First Day of March next '0 Stockhol iers of rec rd at the close of business hours on the fifteenth inst. The dividend on shares registered in New.York will be paid at the office of the Company's Agents, M-ssrs. John Paton & Co., 52 William-st.. New-York, and the dividend on shares registered in Chi ago will be paid at the Office of the Treasurer of the Company. C. H. FOSTER, Treasurer. T° DEPOSITORS IN THE THIRD AVENUE SAVINGS BANK:-The receiver of the Third Avenue Savings Bank will pay to depositorsa third and final divi lend of ONE AND ONE-HALF per cent on and after February 1, 1888, at the LINOOLN NATIONAL BANK, 32 E AST 42D-ST.. NEW-YORK. Pass books must be surrendered. THE NEW-YORK NATIONAL EXCHANGE BANK, } NEW-YORK, January 31, 1888. DIVIDEND.-At the meeting of the 73° Board of Directors held this day a dividend of Three (3) Per Cent was declared, payable on demand. C. B. OUTCALT, Cashier.

3. March 28, 1888 New-York Tribune New York, NY
Article from New-York Tribune, March 28, 1888

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Article Text

BITS OF LEGAL NEWS. A verdict for $2,188 was rendered in the Supreme Court yesterday, after trial before Justice Barrett and a jury, in favor of Sheridan Shook in a suit against A. J. Dam, as the indorser of a note of J. McKee Rankin, the actor, and Kate Blanchard, his wife, given on May 5, 1884. The defence was interposed that Rankin had paid Shook the value of the note by giving him some sheep and cattle. It appeared, however, that the live stock was given to pay for the rent of the Union Square Theatre, which Rankin hired for three weeks at $1,800, but did not use. ExJudge A. J. Dittenhoefer, on behalf of the plaintiff, showed that the live stock of the value of $3,200 was given to Shook by Rankin before the note matured. William P. Dixon, receiver of the Third Avenue Savings Bank, obtained an order from Justice O'Brien, of the Supreme Court, yesterday, authorizing him to pay the dividend of 1 1-2 per cent, which he has recently declared. to sixty persons, whose claims are in his hands and are pronounced by him to be valid. Justice O'Brien vacated the order for the arrest of Richard A. Harrison, proprietor of The Hotel Register," obtained by Joseph E. Jordan, lessee of the Hotel Hamilton, at Fifth-avo. and Forty-second-st. in his suit for damages for an alleged libel. I Richard Langdon, J. O. McNaughton and L. A. Cornwall, of Philadelphia, began an equity suit yesterday in the United States Circuit Court against the Savannah, Dublin and Western Short Line Railroad Company, in which an injunction is asked against the United States Construction and Improvement Company. Justice O'Brien has appointed Alfred I. Walker recelver of Lorin Ingersoll, president of the United States Stamping (Company, formerly at No. 58 Beekman-st., whose paper, it is said, Cashier Royce, of the Willimantle Savings Institution, discounted largely. The application was made by the Rhode Island National Bank, which holds a judgment against Mr. Ingersoll for $5,053. Mr. Ingersoll made a fortune, it is said, in the chair business, and a few years ago was regarded as a millionaire. James O. McDermott, dealer in coal at Bedford and Flushing aves. and Broadway and Monroe sts, Brooklyn, made an assignment yesterday to Frank L. Schenck. He began business in January, 1882, and claimed a capital of $13,000. Judgment was recently entered against him for $1,818 in favor of F. W. Angel. COURT CALENDARS-TO-1 SUPREME COURT-CHAMBERS. - Before Van Brunt, P.J.day calendar. SUPREME COURT-SPECIAL TERM - PART I.-Before Andrews.J.-No8.484,428,602, 612. 465, 467, 375.66. SUPREME COURT-SPRCIAL TERM-PART Il.-Adjourned until Toureday. March 29. SUPERME GOURT-CIRCUIT-PART II.-Adjourned until Thursday, March 29. SUPREME MOURT-CIRCUIT-PART IIL-Adjourned until Thursday, March 29. SUPREME COURT-OIRCUIT-PART IV.-Adjourned for the tor. SURROGATE'S COURT-Adjournedunti!Thuraday, SUPERIOR COURT-SPECIAL TERM-Before O'Gorman, J.No day calendar. SUPERIOR COURT-TRIAL TERM-PART I-Adjourned for the term. SUPERIOR COURT-TRIAL TERK-PART II-Adjouraed for the term. SUPERIORCOURT-TRIaL TERM-PART III-Adjourned for the term. SUPERIOR COURT-TRIAL TERM-PART IV.-Adjourned for the term. COMMON PLEAS-SPECIAL TERM-Before Allen, J.-No day calender. COMMON PLEAS-TRIAL TERM-PART I.-Before Book. staver, J. No day calendar. CITY COURT TRIAL TERM-PART IL-Adjourned for the term. COURT OF GENERAL SESSIONS-PART I.-Recorder Smyth, and Assistant DistrictAltorney Fitzgerald.-No. 1, 2. 3, 4. 5. 7. 8. 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22. 23. 24, 25. 26, 27, 27. 29. COURT OF GENERAL SESSIONS - PART IL-Martine, J., and Assistant District-Attorney Goff.-No. 1,2,3,4,5, 6, 7. 8. 9, 10, 11. 12. 13. 14. COURT OF GENERAL SESSIONA-PART III. - Gilder alleve, J., and Assistant District-Attorney Dawson.-Nos. 1. 3, 4, 5, 6. 7, 8, 9. 10. 11. 12, 13.

4. July 21, 1888 New-York Tribune New York, NY
Article from New-York Tribune, July 21, 1888

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Article Text

BITS OF LEGAL NEWS. William P. Dixon, receiver of the Third Avenue Savings Bank, in a petition to the Supreme Court says that several of the depositors, to whom dividends were due, had lost their pass-books and others had died, in whose cases no letters of administration had been taken out. At his request Justice O'Brien, of the Supreme Court, yesterday granted an order directing him to pay dividends in such cases at his discretion in order to save the expense of advertising for lost books or taking out letters of administration. The application of Miss Sarah Lenita Plumb for an order restraining her father, James Neal Plumb, whom she accuses of mismanaging her astate, from exercising any rights as her guardian, pending litigation for his removal, was granted by Surrogate Ransom yesterday. The young woman, with her aunt, called on the Surrogate during the day and told him that she wished this action taken, and that she had not been restrained of her liberty or forced to sign the affidavit made by her in the case. Frederick A. Brown, who is a witness for Rosalie Butler in her contest over Mrs. A. T. Stewart's will, has gone to Colorado for his health and will not return to this city until next year. Surrogate Ransom yesterday issued a commission to take his testimony in the case. The City of Carlsbad, represented by the Eisner & Mendelson Co., of this city, through their counsel, Jerome Carty, has begun an action in the United States Circuit Court, for $25,000 damages, against Carl H. Schultz for selling certain mineral waters under titles which, it is alleged, damage the Carlsbad mineral water business.