2029. German-American Bank (Washington, DC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 6, 1880
Location
Washington, District of Columbia (38.895, -77.036)

Metadata

Model
gpt-5-mini
Short Digest
d2efb87a

Response Measures

None

Description

Articles (Feb–Nov 1880 and later) refer repeatedly to a receiver (Mr. Keyser), creditors' meetings, suit by the receiver against the former president, and a dividend declared to creditors by the Comptroller. These indicate the bank was placed in receivership/closed following fraud/defalcation by officers rather than a depositor run. No article describes a depositor run. Classified as suspension_closure (suspension followed by permanent closure/receivership).

Events (3)

1. February 6, 1880 Suspension
Cause
Government Action
Cause Details
Bank placed under a receiver by the Comptroller following discovery of officer fraud/defalcation; suspension/closure by regulatory action
Newspaper Excerpt
A MEETING OF DEPOSITORS of the GermanAmerican Bank was held at Cosmopolitan Hall last evening ... to interview Mr. Keyser, the receiver of the bank, in regard to the status of affairs
Source
newspapers
2. February 19, 1880 Receivership
Newspaper Excerpt
In re German-American Bank; receiver authorized to sell real estate. Mr. B. U. Keyser, receiver of the GermanAmerican bank, has entered suit against John Hitz, who was president of the bank, for $23,000 ... The controller of the currency has declared a dividend of ten per cent to the creditors of the German-American bank ... payable at the office of the receiver- making in all fifty [cents?]. The Comptroller ... appointed his own brother-in-law to examine that institution, and he reported favorably. Soon after this report it was found that the officers and a few directors had stolen the deposits by fraudulent devices, ... After the failure the Comptroller appointed this same brother in law receiver of the broken bank, which he had officially reported to be in good condition; and he has nursed that place for three years, with profit to himself. The German-American Bank ... dividend to the creditors ... payable at the office of the receiver- making ... (articles describe failure, receiver actions, and dividend declarations.)
Source
newspapers
3. November 11, 1881 Other
Newspaper Excerpt
The Comptroller ... case of the German-American Bank ... officers and a few directors had stolen the deposits by fraudulent devices ... after the failure the Comptroller appointed this same brother in law receiver of the broken bank, which he had officially reported to be in good condition; and he has nursed that place for three years, with profit to himself. Certainly such transactions do not look well ... The charters of many of these institutions are about expiring. Congress will soon be called upon to adopt some positive policy in regard to them.
Source
newspapers

Newspaper Articles (5)

Article from Evening Star, February 6, 1880

Click image to open full size in new tab

Article Text

at $900 per annum. Mr. S. has been on probation in the service for the past six months. We have Roose's excellent "Guide to Washington," carefully revised and corrected up to 1880. J. Shillington sends Nos. 98 and 107 of the Franklin Square Library, containing part 2 of Memoirs of Madame De Remusat, and Robert Mackenzie's 19th century. Mohun sends Vol. of the Memoirsof Madame Remusat, published by the Appletons. THE CASE OF MARY HARRIS.-Our attention has been called to two articles in our paper, lately, referring to the case of Miss Mary Harris, who was indicted. tried, and acquitted of the killing of Mr. Burroughs, some years ago, in this city. In the first it was casually remarked. in substance. that he was her seducer, and in the second that she shot him in revenge of his breach of a promise of marriage. The latter might well embrace the former charge. It seems that these articles have been brought to her notice, and have produced an unhappy effect on her; and this has led her friends to exhibit to us quite satisfactory evidence that both of these statements were erroneous. The case occurred a number of years ago, and the particulars had escaped our memory. A very accurate stenographic report of the evidence and of all the proceedings in the cause was made at the time, and was published in pamphlet form. A perusal of it will satisfy any one that no such defences were set up, and no evidence given to raise a doubt as to the purity of her life and her freedom from blame, except as to the matter for which she was indicted. The defence was an irresistible impulse, arising from a sudden and unexpected incident which came to her knowledge while she was suffering under a fearful nervous excitement, which destroyed her self-control at the time, and which recurred with still greater force, under like nervous excitement, at the time of the homicide, S0 that she was neither morally nor legally responsible for the act. The testimony of experts on the trial seem fully to have sustained the defences. RUN OVER BY A LOCOMOTIVE AND TERRIBLY MANGLED.-About 9 o'clock this morning Patrick Murphy, a laborer employed by the Baltimore and Ohio railroad company as a trackman, while engaged with his pick clearing ice from the switch at the depot yard in this city. was run over by the yard engine, (not hearing the whistle which the engineer blew several times, and was thrown under the wheels.which passed over both thighs. The police ambulance was sent for by Col. Koontz. but was not used. his injuries being of SO serious a character that a litter was improvised. on which he was re moved to the Providence hospital by a gang of the laborers. His family consisting of a wife and children. reside on North Capitol street. and were notified. He is about 50 years of age and bears a good reputation for honesty and sobriety. No blame is attached to any one in the case. Mr. Murphy lingered in great agony until 12:15 o'clock this afternoon, when he died. MARRIAGE LICENSES have been issued to Lucius E. Gridly and Edith A. Walker: Patrick Welsh and Kate O'Day; Thos. A. T. Ball, of Prince George county. Md., and Sarah Ellen Cage: Geo. H. Lewis and Idell Stewart: John Willis and Ida N. Donald; Geo. W. Branson and Emeline A. Craig. both of PrinceGeorgecounty, Md.; Patrick Kennedy and Honora Collins. COUNT MITKIEWICZ ARRESTED.-A dispatch from Baltimore last night says: Count Eugene Mitkiewicz was to-day presented by the grand jury of the Baltimore criminal court for having obtained $16,000 worth of coal by alleged false pretences from Castner & Co., or Philadelphia, and No. 5 North Holliday street. in this city. A bench warrant was issued and the accused was arrested to-day and taken to the sheriff's office to await bail, which was fixed at $10,000, but subsequently reduced to $4,000. The ball has not yet been furnished. B. ROBINSON & Co., of the Boys' Clothing House, 909 Pennsylvania avenue, have made great reduction on all heavy goods, and request citizens and strangers to examine their immense stock or overcoats and suits for boys and children of all sizes, and call special attention to their splendid assortment of kilt suits, sizes 2 to years. DEEDS IN FEE have been recorded as follows: F. W. Jones et al., trustee, to Barnard Barnstine, lot 61, sq. 274; $5. John Walsh to Frank Hume, property in Georgetown: $1,850. Henry Seiffert to Caroline Clarkson. lots 2 and 3, Sq. 708: $4,000. J. L. Johnson. trustee. to Joseph Heile, part 9. Sq. 724: $670. R. A. E. Bowen to S. E. Middleton. lot 1, "Woodley;" $4,500. District of Columbia to Thomas Lewis. lot 2. sq. 335; $-. J.G. Bowen et al. to T. S. Gartrell, lot 26, sq. 450; $6,000. Columbus Sanders et al. to B. B. Earnshaw, part 3. Sq. 976; $300. A MEETING OF DEPOSITORS of the GermanAmerican Bank was held at Cosmopolitan Hall last evening to take into consideration a plan by which a part at least of their deposits might be saved. A committee of three, consisting of Messrs. W. Bartholomae, E. Rettig, and C. W. Fisher was appointed to interview Mr. Keyser. the receiver of the bank, in regard to the status of affairs, and to report at the next meeting IMPORTANT SALE OF SILVER PLATED WARE. Thomas Dowling commences to-morrow, at the elegant salesroom, 1425 New York ave., one of the most important sales of the above ware ever seen in this city. AS the goods are to be sold without reserve bargains may be expected. INDICTMENTS.-The grand jury yesterday presented indictments against Joseph Neverson. alias Joseph Bedford, Sandy Pinn and Edward Queenan for the murder of George P. Hirth. on January 7th last; Charles Turner, second oftense petit larceny: Louis Jenkins, second 01fense petit larceny: Julius Herman and Frederick Martin, forgery. REAL ESTATE SALE-Thomas Dowling sold yesterday afternoon part lot 18 of subdivision of square 315, together with the improvements. located on the south side of M street. between 11th and 12th streets northwest. to M. V. E. Cabell, for $4.925. THOMAS DOWLING, Auctioneer. will sell tomorrow. within his salesroom, a number of very excellent oil paintings. THE BOAT RACE.-Edward Manlan telegraphs to a gentleman here accepting the offer of Willard's hotel as his headquarters He is at Toronto, Ontario, at present. Joseph H. Riley also telegraphs from Saratoga this morning stating that he will be here and will row Hanlan if Courtney should fall to put in an appearance. Topsy.-In the Police Court. this morning. a little colored girl. named Louisa Sharp, was charged with malicious mischiet and destroying private property. It was shown that in the absence of the family this girl went to the house of Wm. H. Newman. 2019 Massachusetts avenue, and tore the lace curtains and tidies, and destroyed bird cages, and threw preserves over the carpets and destroy ed cases of wax flowers and birds. She was fined $50, or 90 days in the workhouse. A Boy ACCIDENTALLY SHOT.-Last evening a boy named James McCarty. 10 years old. living at 2603 street. was accidentally shot in the head by a boy named Dennis Hickey with whom he was playing, a pistol being used as one of their ball. play things. Dr. Newman extracted the You ought not catch a cold. but If you do, use t Dr. Bulls Cough Syrup. Price 23 cents. MR. TOMPKINS AND THE FREEDMAN'S BANK.Editor Star:-Please make the following correction in your yesterday's report of the Freedman's Bank Investigation: / did not balance my pass-book, as the records of the bank and the testimony both show. severed my connection with the Washington bank in October, 1873, and have had nothing


Article from National Republican, February 19, 1880

Click image to open full size in new tab

Article Text

District Courts. CIRCUIT COURT No. 1-JUSTICE MACARTHUR.Fitzmorris vs. Henderson: judgment confessed. Fleisher & Bro. VS. Hazel; submitted to court. Grant vs. McLaughlin: proceedings quashed. Dunn vs. Derringer et al.: verdict for plaintiff Pfeiffer vs. Loc Mer: proceedings quashed. Kelly vs. Courtney; plaintiff called and suit dismissed. Hewitt vs. Floccker: judgment confessed. Miller vs. Miller: appeal dismissed. Carson VS. Pope: plaintiff called and suit dismissed. Barber & Co. vs. Noerr; judg. ment for plaintiff. one cent and costs. Barber & Co. vs. Noerr; judgment for plaintiff for amount claimed. Bush vs. McLaughlin; plaintiffealled and suit dismissed. Zeller et al. VS. West: verdict for defendants. McDonald vs. Cooper: plaintiff called and suit dismissed. Doherty vs. Hogan: verdict for plaintiff. Bell vs. Oppenheimer: plaintiff called and suit dismissed. Smith VS. Pepper; judgment below affirmed. CIRCUIT COURT. No. 1-JUSTICE WyLIE.-Strong vs. District of Columbia; argument for plaintiff by General Butler. CIRCUIT COURT No. 2-JUSTICE Cox-Price vs. Fealy et al.: nolle pros. Draper vs. Alexander; verdiet for defendant. Wood & Co. vs. Grahamite & Trinidad Paving Company: jury respited. Con. nell vs. Follansbee; judgment confessed. Schaffer vs. Pfelffer: judgment by confession. DISTRICT COURT-CHIEF-JUSTICE CARTERnumb er of cases were considered, and parties uppearing and expressing their intention to prosecute, they were passed. EQUITY COURT-JUSTICE JAMES-Phelps - vs. McDonald & White; defendants declared in contempt. Galt vs. Gleason: John A. Baker admitted party complainant. Adamson V8. Adamson: sale finally ratified. Townsend VS. Townsend: second reference to auditor ordered. Shufflebothain vs. Shuflibotham; sale ordered. Cohen VS. Lausburg: argued and submitted. In re German-American Bank; receiver authorized to sell real estate. ASSIGNMENTS FOR TO DAY. CIRCUIT COURT No.2-Justice Cox. - No. 16, Armstrong vs. Williams; 216, Kraft vs. Langdon: 288, Makely vs. Cottrell Brothers; 262. Dickson & King vs. Kilbourn; 280, Travis & Co. V8. Thorn et al.; 308, Keimbee Ice Co. vs. Inland & Seaboard Coasting Co.; 320, Davis vs. Central National Bank; 324, Shepherd VB. Tucker; 340, Pumphrey vs. Baltimore & Potomac Railroad Company; 344, Citizens' National Bank vs. Young; 354, Hoover vs. Davis; 358, Truesdell, executor, vs. Milburn; 360, McIntire. trustee, vs. Hume; 362, Cady VS. Schafer; 364, Duvell, trustee, vs. Sibley et al.; 866, Washington Market Company vs. Worthen Bros.; 872, United States vs. Brown et al.; 374, United States vs. Sweetetal.; 386, Creswell et al., commissioners, vs. Sherman et al.; 888, Needham vs. Baltimore & Potomac Railroad Company; 404, Wilson & Fennimores VB. Mahoney; 406, Isaacs vs. White, 'administrator; 408, Van Riswick; vs. Sheriff; 410, Ster vs. Gans; 412, Kendall vs. Terry. CIRCUIT COURT No. 1-JUSTICE MACARTHUR.-


Article from Evening Star, November 13, 1880

Click image to open full size in new tab

Article Text

Condensed Locals, Messrs. Bright and Humphrey, contractors, have "topped out" the new school house, corner of 10th and N streets. The Virginia democratic association met last evening and resolved to keep up the organization, and to amend the constitution accordingly. One of the plate glass windows in Mockabee & Co.'s shoe store, on F street, was broken Thursday evening by a stone thrown by some one while a procession was passing. A few days ago the windows of the same store were broken and the store robbed. Mr. B. U. Keyser, receiver of the GermanAmerican bank, has entered suit against John Hitz, who was president of the bank, for $23,000, the amount of the assessment on stock held by Hitz. The Virginia republican association met last evening; Mr. W. F. Cooper presiding. John B. Cooper was elected secretary. A number of bonorary members were elected, and Dr. A. Watson, A. E. Manning and E. Brockenborough were appointed a committee to represent the association in the meeting to arrange for the inauguration of President Garfield. Prof. T. S. Childs, D.D., of Hartford, Conn., has accepted an engagement to supply the Western Presbyterian church, on H street, for the winter. It will be seen by a notice in another column that the Reformed Episcopalians have left Willard Hall and taken up their abode In Masonic Temple, 9th and F streets, where they have secured most comfortable and desirable quarters. O'Brien, the perjured witness in the Morey forgery case, is described by Mr. H. J. Johnson, of the Cumberland News, as a young man, "say 22 or 23 years of age, about 5 feet 7 or 8, square built, smooth face. He is beetle-browed ruffian, and. with his hair plastered down over his low forebead, bears a sinister look which should discount his veracity every time."


Article from The Daily Gazette, November 11, 1881

Click image to open full size in new tab

Article Text

From the N. Y. Sun. Bank Examiners. Recent experience has shown that the examiners appointed by the Comptroller of the Currency to test the condition of the national banks are either incompetent or become the in. struments of thieving officers. Baldwin, the defaulting cashier at Newark, who speaks from experience and knowledge, says these examinations, as a protection for the public, are of no value whatever, because the officials charged with the duty are unfit for it. Under this system, defalcation has been made easy. The Comptroller at Washington sends out his favorite for a pleasant journey: at large pay to report on the state of the banks. Few of them have any solid knowledge of bookkeeping. Some of them are glad to make the most of their opportunities. Between the dupes and the jobbers, the people are plundered by ignorance on one hand and by corrup. tion on the other. The frequent recurrence of these bank explosions 18 not the result of accident. Three of them took place right under the eye of the Comptroller of the Currency, all within a few hundred yards of his office in the Treasury. Each of these broken banks had been reported to be sound by the examiners chosen by the Comptroller. In every instance there is a strong suspicion of collusion, because in the face of the least honest investigation it was almost impossible to conceal the rottenness of Joy Cooke's First National Bank, the Freedman's Bank, or the German-American Bank. In the case of the German-American Bank, the facts justify the most serious misgiving. The Comptroller appointed his own brotber-in-law to examine that institution, and he reported favorably. Soon after this report it was found that the officers and a few directors had stolen the deposits by fraudulent devices, which ought.to have sent them to the penitentiary long ago. After the failure the Comp. troller appointed this same brother in law receiver of the broken bank, which he had officially reported to be in good condition; and he has nursed that place for three years, with profit to himself. Certainly such transactions do not look well for the administration of the responsible office of Comptroller.This officer is sup posed to stand as the protector of the public against frauds and robbery in the national banks. The present mode of examination is a farce. Instead of being a security to depositors and stockholders it IS a snare and delusion. The charters of many of these institutions are about expiring. Congress will soon be called upon to adopt some positive policy in regard to them. Whatever that policy may be, it is clear that some safeguards must be provided by which these robberies may be prevented. A thoroughly efficient and impartial Comptroller must be chosent, and, if exlisting there be law, any imperfections such changes in must the be made as will forever shut the door against corrupt collusions.


Article from Evening Star, July 26, 1882

Click image to open full size in new tab

Article Text

Washington News and Gossip. GOVERNMENT RECEIPTS TO-DAY.-Internal revenue, $213,260.64; customs, $1,093,020.45. NATIONAL BANK NOTES received to-day for redemption, $275,000. THE Tallapoosa and Powhatan left Pensacola, Fla., this morning with the ironclad Canonicus in tow for Norfolk. THE War department is informed that William Vaux, post chaplain U. S. A. (retired), died at Santa Cruz, Cal, on the 221 instant. AMONG THE CALLERS at the White House to-day were Senators Williams, Kellogg and Vest, Representatives Aldrich, Van Horn. McCold, Watson, Steele. Webber and Sin gleton, Gens. Sherman and Orth and Col. Henderson. THE PRESIDENT approved the pension bill yesterday afternoon. THE GERMAN-AMERICAN BANK.-The controller of the currency has declared a dividend of ten per cent to the creditors of the German-American bank of this city, payable at the office of the recelver-making in all fifty SECRETARY LINCOLN returned from Chicago last night, and was at his desk at the War department this morning. SECRETARY CHANDLER has been informed that the training ship Saratoga arrived at Genoa, Italy, yesterday. The Portsmouth was expected daily. THE PRACTICE SHIP DALE reached the New York navy yard yesterday afternoon. A GENERAL NAVAL COURT MARTIAL has been appointed to meet at Pensacola, Fla., on the 1st of August, for the trial of such prisoners as may be brought before it. Capt. Alfred Hopkins is appointed president of the court. THERE are about two thousand applications for but clerkships in the War department. There are about three hundred appointments to be made. CONSCIENCE STRICKEN CLERKS-Some of the employes in the War department became alarmed at the vigorous manner in which Secretary Lincoin promised to treat clerks in his department the who had given false information regarding number of their relatives in the departments. Consequently they walked up to the captain's office at once. and said there was a slight mistake in their answers to the department circular, and they would like to rectify it. A JOURNALIST'S WEDDING.-The marriage of Mr. Harry L. West, of the Post, and Miss Mamte H. Wright, also of this city, took place yesterday afternoon at the residence of the bride's aunt in to Newark. Mr. West has a host of friends here send good wishes to him and his fair bride on their wedding trip north. ONLY ONE VESSEL LEFT AT ALEXANDRIA.-The Navy department has been informed of the arrival of the Galena at Gibraltar from Alexandria, un- on to the South Atlantic station. It is derstood her way that only one of the vessels of the European squadron is still at Alexandria-either the Quinnebaug or the Nipsic. THE ORDERS directing Captains C. B. Penrose and Wm. H. Nash, commissaries of subsistence in voked. this city, to proceed to other stations, has been reA MESSAGE FROM ENGINEER MELVILLE.-Seeretary Chandler has received a cable message from Engineer Melville, at Tomsk, western Siberla, stating that he and his party were on their Mrs. way home, and authorizing the continuance of Melville's allowance of ninety dollars per month. It thought at the Navy department that Melville will reach home in about five weeks. THE SUPPLEMENTAL PETITION, bearing 49,000 signatures, from the Garfield club of New York city. asking the pardon of Sergeant Mason, together with several other petitions bearing on the same recently received, will fake the usual course subject, and be refe erred to the judge advocate general of the army for report. MR. W. M. CLEMENTS, master of transportation of the Baltimore and Ohio railroad, yesterday had a long consultation with Col. Thompson, superintendent of the railway mail service, relative Bal- to the shmet of a fast mail system from to the west. Mr. Clements was granted permission timore to submit his propositions in writing. is SIGNAL CORPS CHANGES.-Corporal Wm. Bolton ordered to this city for duty; first-class Private R. H. Pulliam is ordered to Pailadelphia to report of to Sergeant T. F. Townsend (in charge orduty first-class Private E. E Slippson is station): this city, and first-class Private Alexandered to is ordered to Boston, Mass., to report tion.) der for McAdie duty to Sergeant O. B. Cole (in charge of staARMY ORDERS.-The leave of absence granted 21 Lieut. Charles McClure, 18th infantry, is extended three months. Capt. Wells Willard, from commissary of subsistence, will, when relieved Washington, proceed to Cheyenne, duty duty in commissary of subsistbasing and depot Poole, that place. Major De Witt payence a will report for temporary duty in New master, Major Wm. F Tucker, jr., paymaster, York city. city, to take effect is relieved from duty in this commanding 1882. and will report to the July 31, department of the Missouri for assignment general Major Henry B. Reese, paymaster, now on to duty. sick leave. will report for duty at Leavenworth City, Kansas. IT IS UNDERSTOOD that Capt. Burritt, of the Sunday Herata, will shortly make decided alterations and improvements in his army and navy The paper will be enlarged and made up edition. in different form, and the subscription price officer maAn ex-army and ex-navy terially reduced. with him in the editorial department, and it is intended will be associated to make this a thoroughly complete service gazette. ENGINEER MELVILLE HOMEWARD BOUND.- mesfrom Tomsk, western Siberia, dated July sage stated that a steamer would start for St. 24th, Petersburg yesterday with Engineer Melville and Jeannette. sallors of the lost Arctic steamer of two Berry, Mr. Gidder and another officer Irkutsk the Lieut. Rodgers will return from burned steamer delta in order to follow during the to the Lena as far as the frontier of European search to Olensk. Russia, winter the coast thereby completing Engineer Melville's THE Metropolitan Industrial League of New York has decided to secure the services of Charles at S. Hill, the statistician of the State department for the purpose of preparing and Washington, statistical reports of the various commis- indusmonizing presented before the tariff tries, to The be league will apply to the Secretary of State sioners. asking him to give Mr. Hill a vacation to enable him to undertake this work. PERSONAL-EX-Representative Kellogg, of Conand Colonel W. F. Shaffer, of New York, necticut, the Arlington. Mrs. A. L. Reed and son, are at L. H. Lamb, Mrs. E. C. Eadle, Mr. and Mrs. and Mrs. Colburn and wife and W. E. Chandlee G. F. J. at River Springs. Md. Mr. and sons are guests and their daughter Rene will sail Miller. ur from Mrs. H. Baltimore D. Barr for Boston, by Lieut the steamer Comdr Deca- H H to morrow.