J. M. Masterton & Company - Mount Vernon, NY

Episode Information

Episode UID: 3896978591081
Episode Type: Suspension → Closure
Bank Type: trust
Bank ID: 389697859 hash
Start Date: January 15, 1890
Location: Mount Vernon, New York (40.913, -73.829)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: b0057a01174844c0

Response Measures

None

Description

Article states the banking house 'failed' but gives no explicit mention of suspension or receiver assignment; additional articles could clarify closure details.

Events (1)

1. January 15, 1890 Receivership

Newspaper Excerpt: the banking house failed and the asylum never received the money.
Source: newspapers

Newspaper Articles (1)

1. January 15, 1890 New-York Tribune New York, NY

Article from New-York Tribune, January 15, 1890

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Article Text

OTHER SUBURBAN TOWNS. WESTCHESTER COUNTY. WHITE PLAINS.--The salary of stenographers to the courts has been fixed at $10 per day. . . A committee of the Board of Supervisors has reported in favor of paying a judgment of $6,506 20 in favor of Williard Asylum against the county, growing out of the acceptance of a check for $5,000 on the private banking house of J. M. Masterton & Co., of Mt. Vernon, for board of county insane. The day following the acceptance of the check the banking house failed and the asylum never received the money. . . . The Board of Supervisors has increased the appropriation for the relief of indigent soldiers and sailors from $2,000 to $3,000. PELHAM.--The Board of Supervisors has authorized the division of the town of Pelham into two election districts. . . . The citizens of Pelhamville have voted to build a new Town Hall, to cost $6,000. The new building, which will be used by the first district of the town, will be fitted up as offices for Justices' courts and for other village officers. A large room will also be provided for public elections and entertainments. SING SING.--A meeting of citizens will be held on Friday evening to protest against the removal of the State Prison. MT. VERNON.--Revival meetings are being held in the Methodist Episcopal Church. The church is crowded every night. . . Major James H. Jenkins, of Farnsworth Post, G. A. R., has been assigned to install the newly elected officers of Rice Post in New York City. YONKERS.--At a meeting of the Republican Central Committee, held last evening, J. Irving Burns, member of Assembly from the district, was unanimously re-elected chairman of the committee. This is his sixth consecutive term.