17007. Bank of Central New York (Utica, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 11, 1860
Location
Utica, New York (43.101, -75.233)

Metadata

Model
gpt-5-mini
Short Digest
48bbe249

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (April 11, 1860) report the Bank of Central New York has gone into liquidation and that Joseph (or James/J. per some OCR variants) Benedict was appointed receiver. No run or depositor panic is mentioned; this is a liquidation/receivership (permanent closure). OCR gave both 'Joseph Benedict' and 'James Benedict' in different papers; most sources name Joseph/J. Benedict.

Events (2)

1. April 11, 1860 Receivership
Newspaper Excerpt
Hon. Joseph Benedict has been appointed Receiver, and entered upon his duties.
Source
newspapers
2. April 11, 1860 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank 'has gone into liquidation' (news dispatches state liquidation and appointment of a receiver).
Newspaper Excerpt
The Bank of Central New York has gone into liquidation, and ... Joseph Benedict has been appointed Receiver
Source
newspapers

Newspaper Articles (10)

Article from Daily Democrat and News, April 12, 1860

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Article Text

P Bank Failure. UTICA. April 11. The Daily Observer of this city announces that the Bank of Central New York has gone into liquidation, and that Hon. Joseph Beac diet has been appointed Receiver, and bas w tered upon his dutica The circulation of the bank is understood to be amply secured.


Article from Evening Star, April 12, 1860

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Article Text

The Bank of Central New York. UTICA, N.Y., April 11-The Daily Observer of this day announces that the Bank of Central New York has gone into liquidation, and that Hon Joseph Benedict has been appointed Receiver, and'entered upon his duties. The circulation of the Bank issaid. to beamply socured.


Article from Nashville Patriot, April 12, 1860

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mons of the Senate; complains of bis nowarranted arrest, and the brutality attending it, and asks redress at the bauds of the Senate. Mr. Summer wished to correct one statement which fell from the Senator from Virginia. Mr. Sanborn was taken from the custody of pretended officers, not by a mob, but by a writ of habeas corpus, enforced by a posse comitatus. Mr. Mason said his authority was a letter from the U.S. Marshal. He moved to lay the momorial on the table until the process shall be return d. Mr. Summer reluctantly consented. with the understanding that it should be called up when the process was returned. The bill to amend the act for the admission of Oregon, so as to extend the period when Oregon could locate certain grants of land, was passed. The homestead bill was taken up, and Mr. Doolittle oke in favor of the House bill. During bis remarks there were frequent colloquies between him and other Senators, but nothing of special interets transpired. Without action. the Senate adjourned. House-Mr. Taylor, a member of the Committee on the Judiciary, read his argument in support of the President's protest. He denied that the House has the power to initiate or carry out any investigation of any kind according to its mere will or pleasure, if so, this would be inconsistent with the great principles of law wherever the rights of individuals are concerned. and, as a con sequence the adoption of the resolution in relation to the President, was in violation of this great principle of law. He refers to the powers of the select committee, as extra ordinary and inquisitorial when not a par ticle of evidence has been placed before the House. In conclusion n be says the positions taker by the President are right and the protes made by him has solid foundation in the pro vision of the constitution and those great principles which underlie every system 0 law established for the administration o justice. Mr. Hickman moved that 20,000 copies o the report be printed. The propriety of this was referred to the Committee on Printing. On motion of Mr. Hickman, the further consideration was postponed till Monday next. Mr. Grow called up the bill for the admis sion of Kansas into the Union. After : somewhat lengthy debate Mr. Grow gave notice that he would ask for a Vote to-mor row. Adjourned. Arrival of the Anglo Saxon. PORTLAND. Maine, April 10.-The steame Augio Saxon has arrived here. The steam er Africa arrived at Liverpool on the 26th The Earl of Longford is dead. France assumes one hundred and screnty five millions franes of the Savoy debt. There are reports that orders have beer sent to suspend the departure of the French troops for Italy, The preliminaries for peace were signed between Spain and Moroe CO on the 25th. ENGLAND The electionsfavor the Liberals ROME-Iti reported that on the 20th Get Darnis charged on the people wounding ove thirty of them. The King of Naples declines the invitation of the Pope to occupy the Papal States will Neapolitan troops, INDIA-News unimportant. The propose ax on manufactured tobacco issix pence pe bound at Calcutta. The Hartlord was at Hongkong. BERLIN.- The answer to Thouvenal's note nergetically-supportsSwitzerland's denand It is asserted that Rossia lavors a cougress It is supposed all the Pope's troops will garrison at Rome. The Neapolitans will occupy the churche to prevent a conflict with the Piedmontese. It is believed that the Queen of Spain i anxious to send troops to the Papal States. AUSTRIA-The Minister of the Interior re ouked the Functionaries because they d.d no watch the movements of the populace and give the names of hostile persons. It is believed that England and Prussi will act in concert to maintain Switzerland rights. The London Herald understands that congress of the Great Powers will be held is .4 few weeks'in London. Tuscany-Carignan is appointed comman der of the military and naval forces. The Central Administration remains pro visionally at Florence. Ricazoti will be Governor General. The Ministry will be discontinued. The Tuscan army will be incorporated with the Sardinian. A squadron with Sardiniau troops left Ge noa for Tuscany Overland Mail. SPRINGFIELD, Mo. April II-The Californi Overland mail of the 23d has arrived. Business was slack; goods were selling a anction for 4 below cost. A Union party was being organized il California. News unimportant. LOUISVILLE, April 11.-Tbe steamer Sam nel Getty, burst a boiler yesterday when twi miles below Louisville. One fireman Wa killed and several persons sealded. UTICA, N. Y., April 14.-The Bank of Cen tral New York has gone into liquidation James Benedict is appointed Receiver. The circulation,it understood, will be amply secured. NEW YORK, April 11 The steamer Arabit sailed to-day for Liverpool, with $50,00 specie. She took New Oricans mails or the 5th and 7th and Telegraph despatches 6 the 10th. River News. LOUISVILLE April 11.-Toe river is rising rapidly, with 7 feet 6 inches water in the Canal,


Article from Nashville Union and American, April 12, 1860

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Bank of Central New York, UTICA, N. Y. Aprilf11.-The Bank of Central New York has gone into liquidation. James Benedict is appointed Receiver. The circulation, it is under stood, will be amply secured. Steamer Salled.


Article from New-York Daily Tribune, April 12, 1860

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Article Text

The Bank of Central New-York. Utica, N.Y., Wednesday, April 11, 1860. The Daily Observer, of this day, amnounces that the Bank of Central New-York has gone into-liquidation, and that the Hon. Joseph Benedict has been appointed Receiver, and entered upon his duties. The circulation of the Bank is said to be amply secured.


Article from The New York Herald, April 12, 1860

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Article Text

The Bank of Central New York. Utica, April 11, 1860. O. B. Matteson a few days since declined to resume the presidency of the Bank of Central New York. The bank to-day, by an order of the Supreme Court, passed into the hands of Joseph Benedict, Esq., as receiver.


Article from Dayton Daily Empire, April 14, 1860

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The Utica Daily Observer announces that the Bank of Central New York has gone into liquidation, and that Hon. Joseph Benedict has been appointed Receiver and entered upon his duties. The Prince Imperial of France having been born on the 16th of March, 1855, recently entered upon his fifth year. It is said he is exceedingly forward for his age, as he can read, write and ride.


Article from New-York Daily Tribune, May 15, 1860

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The advices from the Burlington and Quincy Road fully justify the recent advance in that stock. The amount of freight delivered in Chicago during the first week of May was 14,334,480 15, against 22,752,848 15 in the whole month of May last year. The floating debt which was incurred in making advances to the Peoria and Oquawka Road will be paid off by August, and the Company have renewed their contract with the Galena Company for the use of the thirty miles of that road used by the Quincy Company in running into Chicago, for five years after the expiration of the present contract. A private letter from Galesbury states that there is an immense amount of corn on the line of this road ready come out as soon as the cars can be had to move it. The freight earnings of the Marieta and Cincinnati Railroad for the month of April were $18,080, against $16,000 for April, 1859, being an increase of about $2,000. The passenger earnings also show a small increase. The earnings of the Little Miami and Columbus and Xenia Railroad for the month of April were, in round numbers, $74,000-a decrease of about $6,000 from the earnings of the corresponding month last year. The earnings of this road were considerably affected by the freshet in the early part of the month. There was no mail from Bogata by the steamer North Star, and consequently nothing further in relation to the Panama Railroad charter. The business of the Clearing-House to-day was $30,385,061. The Manhatan Fire Insurance Company has declared a semiannual dividend of $5 P share, payable on the 1st of June. The Northern Railroad of New-Hampshire, a dividend of $2 V share, payable June. Eugene Thomson, stock auctioneer and broker, has removed to the new premises No. 41 Pine street. His semi-monthly circular of stock and bonds, current and not current at the Broker's Board, published to-day, may be obtained at the new office. The Moses Taylor, from New-Orleans, brings $25,000 in doubloons. A petition has been presented to the Court, on the part of George W. Stanton, for himself and as executor, praying for the removal of J. Benedict, esq., from the position of Receiver of the Bank of Central New-York, of Utica, which has gone into liquidation. The ground of removal urged, is that the affairs of the Bank should be thoroughly investigated, and the relations of Mr. Benedict with the late President and Cashier are such as to render him an unfit person to act as Receiver. Argument in this case is to be heard on the 18th inst. The supply of Money continues very abundant at previous rates, notwithstanding the contraction of loans by the Banks. Private letters from England speak discouragingly of the prospects of the next harvest. The Board of Brokers held to-day their annual election for officers, resulting in the choice of the following ticket, which is substantially a reélection: President, Wm. H. Neilson; First Vice-President, M. A. Wheel-


Article from The New York Herald, May 16, 1860

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Domestic News Items. MURDER IN A COURT ROOM-The Austin (Texas) Intelligencer of the 25th ult. states that John Taney, who was then Using tried on an indictment charging him with having killed John Edwards, and was in the court room, about to be taken to jail until after dinner, was suddenly attacked by a crowd of armed men, who fired about twenty five abots at him, killing him on the spot, and then made their escape. The Sheriff shot one of the "lynchers" and arrested two more, who were lodged in jail. BANK OF CENTRAL New York.-The Utics Daily Tele. graph says that Geo. W. Stanton has petitioned Judge Morgan to remove Joseph Benedict, Esq, from the posttion of Receiver of the Bank of Central New York. Mr. Benedict, It is known, is the law partner of Hon. 0. B. Matteson, the late President of the Bank, and the petition urges that he is unfitted, therefore, to give the affairs of the institution the thorough investigation requisite. The case has been postponed sall the 18th inst. THE NEW LAW RELATING TO Walls-The people of the State of New York, represented in Senate and Assembly, do enact as follown:Section 1. No person having a husband, wife, child or parent, shall, by his or her last will or testament, devise or bequeath to any benevolent, charitable, literary, sciensific, religious or missionary society, association or corpeation, in trust or otherwise, more than one hair part of bis or her estate, after the payment of his or her debts, (achd such devise or bequest shall be valid to the extent of om9 half and no more.) Section 2. All laws and parts of laws inconsistent with this act are hereby repealed. Passed April 13, 1860. STATUTE OF LIMITATIONS.-The criminal law was 80 altered last winter that absence from the State (if the of. fender is wh bin the United States) is no longer deducted from the three years within which an indictment (except for murder) me st be found. TORNADO IN PENVSYLVANIA.-A terrible tornado passed over a portion of Backs county, Pa, on the 7th inst, accorepanied by thunder, lightning, hail and rain. Dwelling houses, barns, stables, barracks and shops were razed to the ground, bridgen were blown away, fences seattered over fields, and whole orchards of trees torn up by the roots.


Article from The Weekly North Iowa Times, August 22, 1860

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Datest Dews. Counterfeit 5's on the Bull's Head Bank, of the city of New York, are just put in circulation, and counterfeit 3's on the Leather and Manufacturer's Bank were recently put afloat. The three papers at Portland, Oregon, are but for Douglas and Johnson. Chinamen are arriving at San Francisco in great numbers. Over 7000 have arrived there within the last three months. A large and enthusiastic Douglas ratification meeting was held in Milwaukee, on Thursday night last. Over 15,000 people assembled, and there were 3,000 torches in the procession.Bands of music, transparencies and brilliant fire works added to the splendor of the occasion. Eloquent speeches were made, and the Democracy pledged themselves to give the vote of Wisconsin for Douglas. They will do it, too. The returns of the Missouri election foot up as follows: For the Legislature, 36 Douglas Democrats, 20 Bell men, 18 for Breckinridge, 12 Republicans. Hon. C. F. Jackson, Douglas Democrat, has 10,000 majority for Governor 'over Orr, his highest opponent. Three persons have been bitten by a mad dog at Peoria, Illinois, within a week. During a rain storm of twenty-four hours, in Philadelphia, on the 13th, 6.005 inches of wa 'ter fell. Indianopolis, Ind,, had a $15,000 fire on Friday. The Virginia Democratic State Convention, held at Staunton, last week, adopted resolutions inviting Mr. Douglas to visit Virginia. They 'reaffirmed the National platform, and declared Douglas and Johnson the regular nominees of the perty. Three convicts escaped from the State Prison 'at Jefferson, Mo., on Friday last. Counterfeit 5's on the Lime Rock Bank, of Providence, R. I., are in circulation. Senator Douglas had a public reception at Portland, Maine, on the 17th, and he made a lengthy speech. It is reported that Brady, the B. B. B. candidate for Governor of New York, will resign. Jno. S. Mason, Judge of the Superior Court of New York city, died on Thursday evening. The excitement in Texas still continues.One man has been hung for giving strychnine to the sluv to put in wells to poison their masters. Another minister has been hung for inciting the slaves to insurrection. The rumored withdrawal of Breckinridge is denied by the Louisville Courier, but the fact that if he remains on the course it will prove his final ruin, and that the Constitution. his organ at Washington, is silent on the subject, are very good reasons for supposing that his with drawal is simply a matter of time. That he will be wholly off the track before election we have no doubt. Yellow fever is raging among both natives and foreigners at Porto Rico. A Mrs. Tucky hung herself at a water-cure establiphment in N. Y. City on Sunday. Speaker Pennington declines a re-election to Congress. Capt. Davenport of the G. T. R. Ferry was accidentally killed at Port Sarinac, C. W., on Monday. Two persons were killed by the collision on the Carrolton R. R., on Sunday night. Gordon, the murderer, who escaped from the Vigilance Committee at Denver City, is now in custody of the Marshal. Advices from Honduras announce that Gen. Walker has gone to Swan Island. The schooner Clifton and cargo, part of his expedition. had been seized by the British authorities at Belize. Walker is reported as preparing for a descent upon Costa Rica or Nicaragua. Yellow fever was terribly fatal at Belize. On Sunday evening in Georgetown, Del., the daughter of Zachariah Griffith, a respectable farmer, was outraged and beaten to death by a mulatto boy eighteen years old. He is arrested. Counterfeit 5s on the Saugertuck Bank, Westport, Ct., are in circulation. A dispatch to the Herald states that it is annnouced in Washington that Douglas & Johnson will continue on the stump until the election, the former South and West, the latter East as far as Maine. Douglas speaks at Nortolk, Va., next Friday. It is also announced that Leslie Combs and Ex-Gov. Morehead, of Ky., are coming North on a stumping tour. Last Friday night at Cincinnati, Chas. R. Brown, U.S. Commissioner, was shot dead by Geo. J. Caldwell, of the firm of Alfred Wood & Co. For several months past, bad feeling has existed between the parties in regard to the adjustment of a legal claim. Brown called at Caldwell's house at night, forced his way into Caldwall's private chamber. when a scuffle ensued, and Caldwell shot Brown through the body. He immediately surrendered himself to the authorities. The Bank of Central New York, Utica, has been placed in the hands of a receiver, and the Bank of Corning and the Onondaga County Bank. N. Y., are closing up their affairs.