Merchants & Mechanics Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 10, 1884
Location: Troy, New York (42.728, -73.692)

Metadata

Model: gpt-5-mini
Short Digest: 84dbab31

Response Measures

None

Description

The article (Burlington Weekly Free Press, June 13, 1884) reports that Charles E. Patterson is acting as receiver of the Merchants and Mechanics Bank and that a court decision was rendered against the receiver. The piece indicates the bank was in receivership (permanently closed/under liquidation). No run or temporary suspension/reopening is described in the available text, so I classify this as a suspension leading to closure (receivership).

Events (1)

1. June 10, 1884 Receivership

Newspaper Excerpt: TROY, June 10.-The action brought by Charles E. Patterson as receiver of the Merchants and Mechanics bank ... was decided to-day by the court of appeals against the receiver.
Source: newspapers

Newspaper Articles (1)

1. June 13, 1884 Burlington Weekly Free Press Burlington, VT

Article from Burlington Weekly Free Press, June 13, 1884

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Article Text

An Important Case Decided. TROY, June 10.-The action brought by Charles E. Patterson as receiver of the Merchants and Mechanics bank to recover $450,000 as damages to the bank by the alleged conspiracy to divert the funds of the bank to the support of the Schlagiticoke woollen mills was decided to-day by the court of appeals against the receiver.