Wall Street Bank - New York, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: June 8, 1887
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: e1efa851

Response Measures

None

Description

Articles (June 8, 1887) refer to Frederick P. Olcott 'as receiver of the Wall Street Bank', indicating the bank was in receivership (i.e., closed and in receivership). No mention of a prior depositor run or an earlier suspension event is provided in these snippets; the legal action concerns recovery by the receiver. Classified as suspension_closure because the bank is closed/receiver assigned and no run is described.

Events (2)

1. June 8, 1887 Other

Newspaper Excerpt: The trial of the suit in which George K. Sistare's Sons seek to recover from Frederick P. Olcott, as receiver of the Wall Street Bank, $40,000
Source: newspapers

2. June 8, 1887 Receivership

Newspaper Excerpt: Frederick P. Olcott, as receiver of the Wall Street Bank
Source: newspapers

Newspaper Articles (2)

1. June 8, 1887 New-York Tribune New York, NY

Article from New-York Tribune, June 8, 1887

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Article Text

general selling caused by uneasiness over the yellow fever, Corn broke " cent to-day. PECULIAR CONDUCT OF A JUROR. HIS INSISTING ON TALKING TO A LAWYER SENDS HIM TO LUDLOW STREET JAIL. The trial ot the suit in which George K. Sistare's Sons seek to recover from Frederick P. Olcott, as receiver of the Wall Street Bank, $40,000, alleged to be the value of stocks deposited as collateral for a loan, which was begun on Monday be. fore Justice Beach and a jury, was interrupted yesterday by an unusual occurrence. Everett P. Wheeler, connsel for the bank, informed the judge that Emmet M. Tower, one of the jurors in the case, had called at his office vesterday morning and insisted on talking about the case. Mr. Wheeler had declined to talk with him. but the juror was persistent and finally said he would go and see William J. Hutchinson. who is largely interested in the case and a principal witness for the defence. Justice Beach, after consultation with the lawvers on both sides. called Mr. Tower before him. The juror admitted that Mr. Wheeler's statement was correct, but said that he meant nothing wrong. Justice Beach said that justice demanded that some action should be taken, and fined him $200 for con* tempt, directing that he be confined in Jall notil the fine was paid. The juror was afterward taken to Ludlow Street Jail by Deputy Sheriff McGenigle. Mr. Hatchinson said he had never seen him before. On the jury.list Mr. Tower is designated as a gentlemon living at No. 139 East Forty-second. st. The removal of the juror ended the trial and Justice Beach directed that the case be referred to Augustus C. Brown.

2. June 8, 1887 Evening Star Washington, DC

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Article Text

MILLIONS OF SHARKS AND MACKEREL. - Capt. Steelman, of the schooner Susan B. Ray, arrived at Norfolk, Va., reports that on May 28, while off Cape Lookout, bound north, his vessel ran into an immense school of sharks in 17 fathoms of water. They were "as thick as they possibly could be," he says, and the school extended as far as the eye could reach. The schooner sailed through them for fully an hour, making only about three miles. After getting clear of the sharks she encountered a shoal of mackerel and sailed through them for four hours. Capt. Steelman says he never before saw mackerel in waters south of Body's Island. PRICE OF A CHICAGO BOODLER. - Chas. R. Abbott, secretary of the Columbus and Hocking Coal and Iron Co., swore yesterday in the boodle trial at Chicago that he paid $11,000 to Warden McGarigle to get him a year's contract for furnishing all the county institutions with coal. Afterward Abbott paid McGarigle $500 on account of "special services." Chris Pfeiffer, manufacturer of iron bedsteads, testified he paid $500 to McGarigle to "persuade" certain members of the board of county commissioners to allow his bill to pass the board. HOW A JUROR MANAGED TO GET INTO JAIL. - Emmet M. Tower, a New York city juror in the case of Geo. K. Sistares' Sons against Frederick P. Olcott, receiver of the Wall Street Bank, to recover $40,000, alleged to be the value of certain stock deposited with the bank as collateral for a loan of $30,000, and which has been on trial in the New York Supreme Court, is in jail and will remain there until he pays a fine of $200 imposed on him for contempt of court. Tower, when acting as a juror in the case, called on one of the lawyers in his office and insisted on talking about the case, although told that he was doing wrong. When the other counsel heard of this they agreed that the jury should be discharged and the issue sent to a referee for trial. Tower will be kept in jail until the fine is paid.