16978. Wilkinson Bros. (Syracuse, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
December 10, 1884
Location
Syracuse, New York (43.048, -76.147)

Metadata

Model
gpt-5-mini
Short Digest
4751819a

Response Measures

None

Description

Multiple contemporaneous newspaper reports (Dec 10, 1884) state Wilkinson Bros., private bankers of Syracuse, closed their doors and their affairs are in the hands of a receiver (C. E. Hubbell). No article describes a depositor run prior to suspension; causes cited are heavy real-estate encumbrances and speculative stock losses, so classify as bank-specific adverse information leading to suspension and receivership (closure).

Events (2)

1. December 10, 1884 Receivership
Newspaper Excerpt
Their affairs are in the hands of a receiver. C. E. Hubbell is the assignee.
Source
newspapers
2. December 10, 1884 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Firm heavily encumbered in real estate and alleged stock/Wall Street losses; assets insufficient to meet liabilities and preferences (~$98,600).
Newspaper Excerpt
Wilkinson Bros., private bankers, closed their doors this morning. The affairs are in the hands of a receiver.
Source
newspapers

Newspaper Articles (13)

Article from The Wheeling Daily Intelligencer, December 11, 1884

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Article Text

A BROKEN BANK. A Syrneuse Firm Closes Its Doors-Liabil. Itles Nearly Halt a Million. SYRACUSE, N. Y., Dec. 10.-Wilkinson Bros., private bankers, closed their doors this morning. The affairs are in the hands of a receiver. The liabilities are from $400,000 to $500,000. In the schedule, trust funds only are preferred. The assets are not yet known. The firm is rated at from four to five hundred thousand dollars. C. E. Hubbell is the assignee. NEW York, Dec. 10.-The firm of WilS kinson Bros., of, Syracuse, had capital rated very high, and have been in business in Syracuse for many years. The n. failure is a surprise to all. SYRACUSE, N. Y., Dec. 10.-Wilkinson Bros.' failure is thought to involve about four hundred thousand dollars. The asI signment prefers $98,600, including city 1 and county deposits and trust funds. The Wilkinsons were large holders of real 1 estate, heavily incumbered. The deposi1 tors embrace many farmers to small r amounts, attracted by offers of four percent interest. But few business firms are involved. The assets will but little more than pay the preference. The firm was composed of J. Forman Wilkinson and Alfred Wilkinson. They B have been established over twenty-five years and were generally regarded as successful. They owned some of the most valuable and productive real estate in Syracuse and although the elder brother is understood to hayelost heavily in Wall 8 street the past two years, confidence in the firm was unshaken and it was considered worth from $300,000 to $400,000. The firm are also owners of dry goods stocks of S. D. Richardson, Syracuse. Alfred Wilkinson was a member of the wholesale iron and steel firm of Parkhurst & Wilkinson, Chicago.


Article from The Emporia Weekly News, December 11, 1884

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Article Text

A Closed Bank It SYRACUSE, N. Y, Dec. 10.-Wilkinson Bros., personal bankers, closed this morning and their affairs are in the hands of a receiver. The firm is rated at from $400,000 to $500,000 E. C. Hubbell, assignee. They have been in business in Syracuse for many years and their failure is a surprise to all. The Wilkinson failure is thought to involve about $400,000 The assignment prefers $98,600, including city and county deposits and trust funds. The Wilkinsons were large holders of real estate heavily encumbered. The depositors embrace many farmers to a small amount, attracted by offers of 4 per cent interest. But few business firms are involved. The assets will little more than pay the preferences.


Article from Wheeling Register, December 11, 1884

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Article Text

FOR HALF A MILLION, Failure of a Syracuse Banking Firm-Wilkinson Bros. Make an Assignment and Surprise the Banks - Their Preferred Creditors. SYRACUSE, N. Y., December 10.-Wilkenson Bros., private bankers, closed their doors this morning. The affairs are in the bands of a receiver. The liabilities are from $400,000 to $500,000. In the schedule, trust funds only are preferred. The assets are not yet known. The firm is rated at from four to five hundred thousand dollars. C. E. Hubhell is the assignee.


Article from The Indianapolis Journal, December 11, 1884

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Article Text

BUSINESS AND WAGES. Suspension of the Private Banking-House of Wilkinson Bros., of Syracuse, N. Y. SYRACUSE, N. Y., Dec. 10.-Wilkinson Bros., private bankers, closed this morning, and their affairs are in the hands of a receiver. The firm was rated at from $400,000 to $500,000. C. E. Hubbell is the assignee. The failure is thought to involve about $400,000. The assignment gives preferences for $98,600, including city and county deposits and trust funds. The Wilkinsons were large holders of real estate, which was heavily encumbered. The depositors embrace many farmers, who deposited small amounts, being attracted by offers of 4 per cent. interest. Few business firms are involved. The assets will little more than pay the preferences, and there will be nothing for depositors. The firm was composed of J. Forman Wilkinson and Alfred Wilkinson. They have been established over twenty-five years, and were generally considered as successsul. They owned some of the most valuable and productive real estate in the city, and although an elder brother is understood to have lost heavily in Wall street during the past two years, confidence in the firm was unshaken, and it was considered worth from $300,000 to $400,000. The firm were also owners of the dry-goods stock of S. D. Richardson, of Syracuse. Alfred Wilkinson was a member of the wholesale iron andsteel firm of Parkhurst & Wilkinson, of Chicago. Among the depositors were the city of Syracuse, $220,000; county of Onondaga, $46,000; New York State Asylum for Idiots, $12,000; Syracuse Water Company, $9,000. The Globe Hotel property, owned by the firm. was conveyed by deed, last night, to John Wilkinson, of Chicago; the elegant residences owned by Wilkinson was also coveyed to the same party. It is thought speculation in stocks was the cause of the failure. Alfred Wilkinson is a member of the Stock Exchange, and is said to have lost over $100,000 in stocks. He was a special partner in a stock brokers' firm which failed. The firm, six years ago, was reputed to be worth half a million dollars.


Article from The Dallas Daily Herald, December 11, 1884

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Article Text

A Private Bank Closes. SYRACUSE, N. Y., Dec. 10,-Wilkinson Bros., private bankers, closed this morning. Their affairs are in the hands of a receiver. The firm was rated from $400,000 to $500,000. C. E. Hubbeli is the assignee. ENCUMBERED REAL ESTATE THE ALLEGED CAUSE. The Wilkinson failure is thought to involve about $400,000. Assignment preferences, $98,600, including county deposits and trust funds. The Wilkinsons were large holders of real estate, heavily encumbered. The depositors embrace many farmers to small amounts, attracted by offers of 4 per cent. interest. Few business houses are involved. The assets will little more than pay preferences. NEW YORK SURPRISED. NEW York, Dec. 10.-The firm of Wilkinson Bros., of Syracuse, had a capital rated very high, and had been in business in Syracuse many years. Their failure is a surprise to all.


Article from The Worthington Advance, December 18, 1884

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Article Text

Wilkinson Bros., private bankers, of Syracuse, N. Y., closed. Their affairs are in the hands of a receiver. The firm was rated at from $400,000 to $500,000. C. E. Hubbell is the assignee. The assignment prefers $98,600, including city and county deposits and trust funds. The Wilkinsons were large holders of real estate, which is heavily encumbered. The depositors embraced many farmers to small amounts, attracted by the offer of 4 per cent interest.


Article from River Falls Journal, December 18, 1884

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Article Text

Wilkinson Bros., private bankers, of Syracuse, N. Y., closed. Their affairs are in the hands of a receiver. The firm was rated at from $400,000 to $500,000. C. E. Hubbell is the assignee. The assignment prefers $98,600, including city and county deposits and trust funds. The Wilkinsons were large holders of real estate, which is heavily encumbered. The depositors embraced many farmers to small amounts, attracted by the offer of 4 per cent interest.


Article from The Northern Pacific Farmer, December 18, 1884

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Article Text

Wilkinson Bros., private bankers, of Syracuse, N. Y., closed. Their affairs are in the hands of a receiver. The firm was rated at from $400,000 to $500,000. C. E. Hubbell is the assignee. The assignment prefers $98,600, including city and county deposits and trust funds. The Wilkinsons were large holders of real estate, which is heavily encumbered. The depositors embraced many farmers to small amounts, attracted by the offer of 4 per cent interest.


Article from The Warner Weekly Sun, December 19, 1884

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Article Text

Wilkinson Bros., private bankers, of Syracuse, N. Y., closed. Their affairs are in the hands of a receiver. The firm was rated at from $400,000 to $500,000. C. E. Hubbell is the assignee. The assignment prefers $98,600, including city and county deposits and trust funds. The Wilkinsons were large holders of real estate, which is heavily encumbered. The depositors embraced many farmers to small amounts, attracted by the offer of 4 per cent interest.


Article from The Pioneer Express, December 19, 1884

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Article Text

Wilkinson Bros., private bankers, of Syracuse, N. Y., closed. Their affairs are in the hands of a receiver. The firm was rated at from $400,000 to $500,000. C. E. Hubbell is the assignee. The assignment prefers $98,600, including city and county deposits and trust funds. The Wilkinsons were large holders of real estate, which is heavily encumbered. The depositors embraced many farmers to small amounts, attracted by the offer of 4 per cent interest.


Article from Little Falls Transcript, December 19, 1884

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Article Text

Wilkinson Bros., private bankers, of Syracuse, N. Y., closed. Their affairs are in the hands of a receiver. The firm was rated at from $400,000 to $500,000. C. E. Hubbell is the assignee. The assignment prefers $98,600, including city and county deposits and trust funds. The Wilkinsons were large holders of real estate, which is heavily encumbered. The depositors embraced many farmers to small amounts, attracted by the offer of 4 per cent interest.


Article from The Superior Times, December 20, 1884

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Article Text

Fire on the 13th destroyed six stores at St. Mary, Kas., valued at $45,000; and a car storehouse in Philadelphia, two dry goods stores at Norfolk, Va. In the mines at Coal Creek, Tenneson the 13th, six convicts undertook two see, to escape. Two were killed and fatally wounded by the guards. Gains Chadwick, who was nearly murdered by a fellow convict in Joliet penitentiary, has been pardoned out. The Mignonette cannibals, sentenced hang at London, have had their sentence to commuted to six months in prisOL. An engine and twenty freight ears jnmped the track near Marshall Pass, One Col., on the night of the 13th. man was killed. explosion took place in the collthe Stattsbahn Company at South Hungary, on Steyrdorf, iery An of the Anuna 14th. husSeventy-five were killed. All are bands and fathers of families. Fire in New Bedford, Mass., on the 12th caused a loss of about $85,000. The linseed oil|works of W. H. Grove, Kansas City, Mo., burned on the 12th. Loss $35,000. A dispatch from Odessa of the Mace- 12th, the Turkish atrocities in are says donia, increasing. Two hundred few Christians were murdered within a weeks, and three villages were burned. inhabKidnapping is common, and the itants are afraid to leave their homes. A break in the wall of the big gasometer of the city gas works, St. Louis, which the 11th, caused an explosion on did damage to the amount of $100,000. Wheaton, Dakota, on the mornthe 11th, a farmer a ing found dead in Lewis Near of was named bed with E.J His of bed quilt in his throat. had sons piece are under suspicion, as they quarreled with him. Twelve Nibilists fell into the hands the the police at St. Petersburg on docuof of the 11th. Important evening ments and 80,000 roubles were Ritchitza. captured in an underground passage at The party were a rested at a ball. William Lynn, ged 22, died at Chi- of a on the 11th, from the effects cago blow from a policeman's "billy". Frank Mantel Adams and Miss Cole- Lonridge were privately married in don on the 11th. England's negotiations with trouble China, looking to a settlement of the with France, resulted in failure. Wilkinson Bros., private bankers, the N. Y., suspended on Syracuse, 10th. Liabilities $400,000; assets $100,000. Fire in Centralia, III., destroyed Com- the of the Centralia Mining works Loss $25,000; insurance $5,000. facpany. Clark Bros. & Co.'s furniture and a number of adjoining build- 10th. ings, tory at Philadelphia, burned on the Loss $140,000. dispatch of the 10th, from commercial Golden A B. C., states that a and traveler City, named Baird was killed A robbed of $4,500 near that place. number of citizens are in hot pur- for large Eddy, Hammond & Co., suit. whom Baird was traveling, offer a the reward of $1,000 for the capture of murderers. named Daniel Kennedy was the A man and killed by his wife, on San shot 10th, in front of the new City Hall, Francisco. on the 10th, in the hold of the in Fire City of Augusta, at her dock worth steamer Savannah, Ga., destroyed $40,000 of cotton. Mexicans named Hermandez Two Altimveano fought a duel with 10th. pisand Oakville, Tex., on the fire and tols latter near was killed at the first shattered. The the former had a shoulder The cause was a woman. sections of a broken train collided a near Two Dongola, III., on the 9th, killing brakeman named Dougherty. tobacco warehouse, with 600 Allen's of stock, at Thompsonville, loss Conn., of burned cases on the 9th, causing a $50,000. Fire on North Street, Philadelphia, the 9th, caused a loss of $50,000. on Four Anarchists, with dynamite the in their possession, were arrested on 9th, at Sternberg, Austria. MOB took a desperado named A Stevens from the jail at Mary- him ville, Charles Mo., on the 9th, and hanged to a railroad Dudley bridge. and mate, of trial the Capt. yacht Mignonette, on at who were found the boy Parker for London, wrecked in killing guilty of mur- food the der themselves alive, were believed on to keep sentenced to death. It is 9th, will certainly be pardoned. they judgment against Gen. Grant Van- for $155,000 A was filed in New 9th. York by derbilt's attorney, on the Cincinnati Desiccating fire ComThe Works were damaged by the pany's 8th, to the extent of $30,000. Louis has a sensation. In May St. the office of the city clerk at East St. was robbed by burglars of and $10,000 in city scrip. leader of a gang of last cash Louis burglars, $3,000in Charles has V Clark, essed the robbing, and implica and se a con number of the police force eral city officials.


Article from The Kimball Graphic, December 26, 1884

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Article Text

Wilkinson Bros., private bankers, of Syracuse, N. Y., closed Their affairs are in the hands of a receiver. The firm was rated at from $400,000 to $500,000. C. E. Hubbell is the assignee. The assignment prefers $98,600, including city and county deposits and trust funds. The Wilkinsons were large holders of real estate, which is heavily encumbered. The depositors embraced many farmers to small amounts, attracted by the offer of 4 per cent interest.