16831. Bank of Oswego (Oswego, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 20, 1879
Location
Oswego, New York (43.455, -76.510)

Metadata

Model
gpt-5-mini
Short Digest
38939240

Response Measures

None

Description

Multiple newspapers (Feb 21, 1879) report The Bank of Oswego has gone into the hands of a receiver (Oswego, Feb. 20). Articles state the bank sustained considerable losses, has large unavailable assets, and owes $50,000+ to depositors it cannot immediately pay. No mention of a depositor run prior to suspension in these items; the bank was placed in receivership and appears closed permanently.

Events (2)

1. February 20, 1879 Receivership
Newspaper Excerpt
The Bank of Oswego has gone into the hands of a receiver. ... The city bank of Oswego, N. Y., has gone into the hands of a receiver. Depositors will be paid in full.
Source
newspapers
2. February 20, 1879 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Sustained considerable losses; large amount of assets not available; unable to pay $50,000+ to depositors.
Newspaper Excerpt
The Bank of Oswego has gone into the hands of a receiver. The capital stock is $100,000. The bank has sustained considerable losses and has a large amount of assets not available. It owes $50,000 and over to depositors, which it cannot immediately pay
Source
newspapers

Newspaper Articles (9)

Article from Daily Globe, February 21, 1879

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Article Text

ALL AROUND THE GLOBE. The loss of the bark Hawthorne costs Boston insurance companies $162,000. Wm. White, of Memphis, suicided with laudanum Wednesday night. The Bank of Oswego, Oswego, N. Y., has gone into the hands of a receiver. The Rhode Island Senate protests unanimously against the law restricting Chinese immigration. At Santa Rosa, Cal., yesterday, Joseph, youngest son of Ex-Gov. Boggs, suicided by cutting his throat. Rev. Dr. Reuben Nelson, Sr., publisher and agent of the Methodist book concern, died at New York city yesterday. W. L. Greenfield, furniture dealer of Memphis, fell from the third story of his store Wednesday night, and was instantly killed. So far as known the only loss of life in the San Francisco harbor ferry boat disaster Wednesday was that of two Chinamen. A meeting of patentees was held at Louisville, Ky., last night, to inaugurate opposition to the Senate amendments to the patent laws. A New York telegram says merchants declare themselves decidedly opposed to the recent anti-Chinese legislation, and fear its effects upon trade. Harry Hulze, supposed to be the man who outraged little Hattie Hoburg, at Cincinnati, Tuesday last, was arrested yesterday, and placed in the station house. The Spanish steamship Louisa, from Galveston, Tex., with cattle, foundered ninety-five miles out. The crew returned after four days of exposure in an open boat. Berlin correspondents continue to predict an overwhelming defeat on the proposition that the reichstag sanction the arrest and punishment of socialist members. Mrs. Marion West, of Indianapolis, was arrested at Washington, Ohio, Wednesday, for forgery, having raised a check of $20 to $2,000. The check was given by a farmer whom the woman had in her toils. The bill in the Montana legislature exempting the Utah & Northern railroad from taxation for twelve years, which passed the house, was defeated in the council. A dispatch from Queenstown, Ky., says a cooper shop and warehouse, the latter containing 170 hogsheads of tobacco, owned by James Clark, burned Tuesday night. Loss $40,000; insured in a Louisville agency. The Senate of West Virginia has adopted a resolution directing the attorney general to proceed against the Baltimore & Ohio railroad company by quo warranto for alleged violations of its charter in the matter of excessive charges.


Article from Daily Globe, February 21, 1879

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Article Text

ALL AROUND THE GLOBE. The loss of the bark Hawthorne costs Boston insurance companies $162,000. Wm. White, of Memphis, suicided with laudanum Wednesday night. The Bank of Oswego, Oswego, N. Y., has gone into the hands of a receiver. The Rhode Island Senate protests unanimously against the law restricting Chinese immigration. At Santa Rosa, Cal., yesterday, Joseph, youngest son of Ex-Gov. Boggs, suicided by cutting his throat. Rev. Dr. Reuben Nelson, Sr., publisher and agent of the Methodist book concern, died at New York city yesterday. W. L. Greenfield, furniture dealer of Memphis, fell from the third story of his store Wednesday night, and was instantly killed. So far as known the only loss of life in the San Francisco harbor ferry boat disaster Wednesday was that of two Chinamen. A meeting of patentees was held at Louisville, Ky., last night, to inaugurate opposition to the Senate amendments to the patent laws. A New York telegram says merchants declare themselves decidedly opposed to the recent anti-Chinese legislation, and fear its effects upon trade. Harry Hulze, supposed to be the man who outraged little Hattie Hoburg, at Cincinnati, Tuesday last, was arrested yesterday, and placed in the station house. The Spanish steamship Louisa, from Galveston, Tex., with cattle, foundered ninety-five miles out. The crew returned after four days of exposure in an open boat. Berlin correspondents continue to predict an overwhelming defeat on the proposition that the reichstag sanction the arrest and punishment of socialist members. Mrs. Marion West, of Indianapolis, was arrested at Washington, Ohio, Wednesday, for forgery, having raised a check of $20 to $2,000. The check was given by a farmer whom the woman had in her toils. The bill in the Montana legislature exempting the Utah & Northern railroad from taxation for twelve years, which passed the house, was defeated in the council. A dispatch from Queenstown, Ky., says a cooper shop and warehouse, the latter containing 170 hogsheads of tobacco, owned by James Clark, burned Tuesday night. Loss $40,000; insured in a Louisville agency. The Senate of West Virginia has adopted a resolution directing the attorney general to proceed against the Baltimore & Ohio railroad company by quo warranto for alleged violations of its charter in the matter of excessive charges.


Article from New-York Tribune, February 21, 1879

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Article Text

THE OSWEGO BANKS. Oswego, N. Y., Feb. 20.-The Bank of Oswego has gone into the hands of a receiver. The capital stock is $100,000. The bank has sustained considerable losses, and has a large amount of assets not available. It owes $50,000 and over to depositors, which it cannot immediately pay, and its drafts to the of $2,000 and over have been protested. The amount City Savings Bank. which opened to-day, paid out about $10,500, and received $8,000 on deposit.


Article from The Sun, February 21, 1879

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Article Text

The Oswego Banks. OSWEGO, Feb. 20.-The Bank of Oswego has gone into the hands of a receiver. The capital stock is $100,000. The bank has sustained considerable losses and has a large amount of assets not available. It owes $50,000 and over to depositors, which it cannot immediately pay, and its draits to the amount of $2,000 and over have been protested. The City Savings Bank. which opened to-day, paid out about $10,500 and received $8,000 on deposit.


Article from Daily Globe, February 21, 1879

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Article Text

ALL AROUND THE GLOBE. The loss of the bark Hawthorne costs Boston insurance companies $162,000. Wm. White, of Memphis, suicided with laudanum Wednesday night. The Bank of Oswego, Oswego, N. Y., has gone into the hands of a receiver. The Rhode Island Senate protests unanimously against the law restricting Chinese immigration. At Santa Rosa, Cal., yesterday, Joseph, youngest son of Ex-Gov. Boggs, suicided by cutting his throat. Rev. Dr. Reuben Nelson, Sr., publisher and agent of the Methodist book concern, died at New York city yesterday. W. L. Greenfield, furniture dealer of Memphis, fell from the third story of his store Wednesday night, and was instantly killed. So far as known the only loss of life in the San Francisco harbor ferry boat disaster Wednesday was that of two Chinamen. A meeting of patentees was held at Louisville, Ky., last night, to inaugurate opposition to the Senate amendments to the patent laws. A New York telegram says merchants declare themselves decidedly opposed to the recent anti-Chinese legislation, and fear its effects upon trade. Harry Hulze, supposed to be the man who outraged little Hattie Hoburg, at Cincinnati, Tuesday last, was arrested yesterday, and placed in the station house. The Spanish steamship Louisa, from Galveston, Tex., with cattle, foundered ninety-five miles out. The crew returned after four days of exposure in an open boat. Berlin correspondents continue to predict an overwhelming defeat on the proposition that the reichstag sanction the arrest and punishment of socialist members. Mrs. Marion West, of Indianapolis, was arrested at Washington, Ohio, Wednesday, for forgery, having raised a check of $20 to $2,000. The check was given by a farmer whom the woman had in her toils. The bill in the Montana legislature exempting the Utah & Northern railroad from taxation for twelve years, which passed the house, was defeated in the council. A dispatch from Queenstown, Ky., says a cooper shop and warehouse, the latter containing 170 hogsheads of tobacco, owned by James Clark, burned Tuesday night. Loss $40,000; insured in a Louisville agency. The Senate of West Virginia has adopted a resolution directing the attorney general to proceed against the Baltimore & Ohio railroad company by quo warranto for alleged violations of its charter in the matter of excessive charges.


Article from The Princeton Union, February 26, 1879

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Article Text

MISCELLANEOUS In the Tyne ship yard 8000 shipbuilders are on a strike] The bank of Oswego, N. Y., has failed. The French Atlantic cable is broken 161 miles from St. Pierre, Miqueron. The departments at Washington will be closed on Saturday, Feb. 22, Washington's birth day. The city bank of Oswego, N. Y., has gone into the hands of a receiver. Depositors will be paid in full. Secretary Sherman has ordered the revenue cutter Oliver Wolcott, now at Post Townsemd, to Sitka, to preserve the peace. The British man-of-war Osprey, left Victoria, B. C. Feb. 18th, for Sitka at the earnest request of citizens who represent that they fear an indiscriminate massacre by Indians. A number of young citizens of Zurich have started for Georgia, where it is proposed to start a Swiss colony, under the auspices of the workingmen's association. Others will ollow. A St. Petersburg telegram says, despite the general thaw and warm weather throughout the infected districts, both public and private advices state that no fresh cases of plague have occurred. Cardinal Manning, archbishop of Westminster, has had a long and cordial interview with the pope, who congratulated the cardinal on the progress of Catholicism in Great Britain, and discussed measures for its extensionPreparations are making throughout the cities of the Eastern States for a grand celebration of the forthcoming anniversary of the birthday of the Irish patriot martyr, Robert Emmet, which occurs on the 4th of March next. A New York telegram of Feb. 23d, says, the cattle dealers have begun to ship f beef to England in refrigerators, instead of e live cattle, and will probably continue to do so as long as the recent order of the English privy council remains in force. It is not y probable that cattle dealers will ship cattle 1from Canadian ports. Mr. Pierpont Edwards, Ih British vice consul in New York said that the iprivy council would repeal the order as soon m as the danger of a spread of the disease had ceased. CAn Ottawa dispatch of Feb. 21 says ry The government intimated to Hickson, gen eeral manager of the Grand Trunk railway of who has been in active communication with a them respecting recent orders with regard to er importation and transportation through Canada of United States cattle, that if Wester en. States will take the necessary steps to guar olagainst the disease spreading into their terri fell tories which are free from it, they will use a ver their influence with the British governmen nt, to permit the shipment of cattle from Wester exStates through Canadian ports.


Article from Little Falls Transcript, February 27, 1879

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Article Text

MISCELLANEOUS. In the Tyne ship yard 8000 shipbuilders are on a strike} The bank of Oswego, N. Y., has failed. The French Atlantic cable is broken 161 miles from St. Pierre, Miqueron. The departments at Washington will be closed on Saturday, Feb. 22, Washington's birth day. The city bank of Oswego, N. Y., has gone into the hands of a receiver. Depositors will be paid in full. Secretary Sherman has ordered the revenue cutter Oliver Wolcott, now at Post Townsemd, to Sitka, to preserve the peace. The British man-of-war Osprey, left Victoria, B. C. Feb. 18th, for Sitka at the earnest request of citizens who represent that they fear an indiscriminate massacre by Indians. A number of young citizens of Zurich have started for Georgia, where it is proposed to start a Swiss colony, under the auspices of the workingmen's association. Others will ollow. A St. Petersburg telegram says, despite the general thaw and warm weather throughout the infected districts, both public and private advices state that no fresh cases of plague have occurred. The St. Paul, Minn., boom company have made a contract with Kempt & Co., Of the Eau Clair lumber company to operate the St. Paul boom for five years. These gentlemen are building the boom. Cardinal Manning, archbishop of Westminster, has had a long and cordial interview with the pope, who congratulated the cardinal on the progress of Catholicism in Great Britain, and discussed measures for its extensionPreparations are making throughout the cities of the Eastern States for a grand celebration of the forthcoming anniversary of the birthday of the Irish patriot martyr, Robert Emmet, which occurs on the 4th of March next. A New York telegram of Feb. 23d, says, the cattle dealers have begun to ship beef to England in refrigerators, instead of live cattle, and will probably continue to do so as long as the recent order of the English privy council remains in force. It is not probable that cattle dealers will ship cattle from Canadian ports. Mr. Pierpont Edwards, British vice consul in New York said that the privy council would repeal the order as. soon as the danger of a-spread of the disease had ceased. An Ottawa dispatch of Feb. 21 says: The government intimated to Hickson, general manager of the Grand Trunk railway, who has been in active communication with them respecting recent orders with regard to importation and transportation through Canada of United States cattle,that if Western States will take the necessary steps to guard against the disease spreading into their territories which are free from it, they will use all their influence with the British government to permit the shipment of cattle from Western States through Canadian ports. A New York telegram of Feb. 21, says: The English trustees of the Atlantic & Great mortgages have agreed upon terms of lease for ninety-nine years of that road to the New York, Lake Erie & Western railroad company, and a formal proposal has been mailed to President Jewett, of the latter company. The lease will go into effect after the Atlantic & Great Western road is sold under pending foreclosure proceedings and reorganization has been effected. The sounsel of James McHenry announces that he will oppose the lease in courts. A letter from St. Petersburg says of the plague in Russia: It has spread in the southern provinces ata rapid rate. Thousands upon thousands have died with it within the last six days. The victims, when taken, live only about two hours and turn black all over as a negro. All physicians ordered to the care of the sick have died within twenty-four hours after their arrival. The corpses are burned and so are the houses in which people die. Whole towns have been laid waste in the past few days, The goveenment has placed a cordon of soldiers around the infected provinces, so that the people cannot get out


Article from River Falls Journal, February 27, 1879

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Article Text

MISCELLANEOUS. In the Tyne ship yard 8000 shipbuilders are on a strike The bank of Oswego, N. Y., has failed. The French Atlantic cable is broken 161 miles from St. Pierre, Miqueron. The departments at Washington will be closed on Saturday, Feb. 22, Washington's birth day. The city bank of Oswego, N. Y., has gone into the hands of a receiver. Depositors will be paid in full. Secretary Sherman has ordered the revenue cutter Oliver Wolcott, now at Post Townsemd, to Sitka, to preserve the peace. The British man-of-war Osprey, left Victoria, B. C. Feb. 18th, for Sitka at the earn est request of citizens who represent that they fear an indiscriminate massacre by Indians. A number of young citizens of Zurich have started for Georgia, where it is proposed to start a Swiss colony, under the auspices of the workingmen's association. Others will ollow. A St. Petersburg telegram says, despite the general thaw and warm weather throughout the infected districts, both public and private advices state that no fresh cases of plague have occurred. The St. Paul, Minn., boom company have made a contract with Kempt & Co., of the Eau Clair lumber company to operate the St. Paul boom for five years. These gentle. men are building the boom. Cardinal Manning, archbishop of Westminster, has had a long and cordial interview with the pope, who congratulated the cardinal on the progress of Catholicism in Great Britain, and discussed measures for its exten. sionPreparations are making throughout the cities of the Eastern States for a grand celebration of the forthcoming anniversary of the birthday of the Irish patriot martyr, Robert Emmet, which occurs on the 4th of March next. A New York telegram of Feb. 23d. says, the cattle dealers have begun to ship beef to England in refrigerators, instead of live cattle, and will probably continue to do so as long as the recent order of the English privy council remains in force. It is not probable that cattle dealers will ship cattle from Canadian ports. Mr. Pierpont Edwards British vice consul in New York said that the privy council would repeal the order as soon as the danger of a spread of the disease had ceased. An Ottawa dispatch of Feb. 21 says The government intimated to Hickson, gen. eral manager .of the Grand Trunk railway who has been in active communication with them respecting recent orders with regard to importation and transportation through Canada of United States cattle,that if Western States will take the necessary steps to guard against the disease spreading into their terri. tories which are free from it, they will use all their influence with the British government to permit the shipment of cattle from Western States through Canadian ports. A New York telegram of Feb. 21, says : The Euglish trustees of the Atlantic & Great Westerh mortgages have agreed upon terms of lease for ninety-uine years of that road to the New York, Lake Erie & Western railroad company, and a formal proposal has been mailed to President Jewett, of the latter com pany. The lease will go into effect after the Atlantic & Great Western road is sold under pending foreclosure proceedings and reor ganization has been effected. The sounsel of James McHenry announces that he will oppose the lease in courts. A letter from St. Petersburg says of


Article from Iowa County Democrat, March 14, 1879

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VORLD'S WORK SHOHNVTTHOSI E is raging in Bolivia. consin legislature adjourned rch 5th. ional greenback convention cago March 4th. - bank of Oswego, N. Y., receiver. B Jo spueq eu and Nebraska will this yea ions to their state capitols. YARD TAYLOR and daughte New York from German olutionary party in Hayti ving a threatening attitude. iown disease is killing off maica, West Indies. ount of claims already renbishop Purcell amount earnings of the Union Paci for the year ending Dec. $7,931,672. coln public school at Ottum was destroyed by fire Marcl $20,000; insured for $11,000 URRITT, The Learned Black I at his home in New Britain '89 paSe 472 yo. osion of sulphuric acid Pa., March 5th, resulted of three men. - director of the mint, hard, of III., took possession e March 5th. H, New Jersey, is trying unicipal debt of $5,800,006 088088 taxable property to 14,600,000. BINSON, of New York, o the senate formal charge e state superintendent ds his removal. T. SHERMAN and wife have ill of late-the former L and the latter of consump in Georgetown, near Wash . Saturday night, three color I named Martin burned attempts having been made burn the city of Columbus zens have formed a vigilane and patrol the city nightly. IA will not be represented ranch of congress at the the election for member eld until next September. sconsin legislature, just any