Allegheny Trust Company - Pittsburg, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: January 1, 1875*
Location: Pittsburg, Pennsylvania (40.451, -80.016)

Metadata

Model: gpt-5-mini
Short Digest: 0e45dccb

Response Measures

None

Description

Article (Pittsburg Dispatch, 1892-03-16) reports the Allegheny Trust Company became insolvent and went out of business in 1875 and was never dissolved; plaintiffs filed a bill in equity in 1892 asking for accounting and appointment of a receiver. No run is mentioned. Historical spelling 'Pittsburg' in the paper; normalized to 'Pittsburgh, PA'.

Events (2)

1. January 1, 1875* Other

Newspaper Excerpt: the company ... became insolvent and went out of business in 1875.
Source: newspapers

2. March 16, 1892 Receivership

Newspaper Excerpt: A bill in equity was filed yesterday by E. and C. Maginn ... They ask therefore for an accounting, the appointment of a receiver and that they be repaid what they have paid in excess of their rightful amount.
Source: newspapers

Newspaper Articles (1)

1. March 16, 1892 Pittsburg Dispatch Pittsburgh, PA

Article from Pittsburg Dispatch, March 16, 1892

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Article Text

An Old Case Revived. A bill in equity was filed yesterday by E. and C. Maginn for use of Charles Maginn against F. Andriessen and others, stockholders of the Allegheny Trust Company. The company was formed in 1861 and became insolvent and went out of business in 1875. It has never been dissolved, however. The plaintiffs were stockholders in it and assert that they paid in more money than they should, others not having paid in the full amount of their stock subscriptions. They ask therefore for an accounting, the appointment of a receiver and that they be repaid what they have paid in excess of their rightful amount.