Trust Company - New York, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: December 18, 1899
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: b4229419

Response Measures

None

Description

Article (Dec 18, 1899) reports 'the announcement was made of the suspension of the Trust company' and mentions 'failure of a board member. Liquidation', indicating suspension followed by liquidation (permanent closure). No explicit run described.

Events (1)

1. December 18, 1899 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Failure of a board member and ensuing liquidation/ insolvency concerns reported as intensifying the suspension.
Newspaper Excerpt: the announcement was made of the suspension of the Trust company. This news was further intensified by the failure of a board member. Liquidation
Source: newspapers

Newspaper Articles (1)

1. December 18, 1899 Daily Inter Mountain Butte, MT

Article from Daily Inter Mountain, December 18, 1899

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Article Text

Market Is Feverish. New York, Dec. 18.--There was a renewal of Saturday's Equidation on the resumption of business in the stock market this morning. Trading was on a large scale. Declines of one to two points were affected in prominent specialties and losses in railroads were limited to fractions. Southern Pacine receded a point. A raily in sugar steadied the market tem porarily but speculation was very feverish, many shares vibrating a point or so either way. The supporting movement around 11 o'clock came to a sudden end when the announcement was made of the suspension of the Trust company. This news was further intensified by the failure of a board member. Liquidation