Guardian Savings Bank (New York, NY)

Episode Information

Episode UID
4709775290863
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
savings
Bank ID
470977529 hash
Start Date
November 18, 1871
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a25f51f01aba01c9

Response Measures

None

Description

Judge Barnard appointed a receiver and the bank's assets were liquidated rather than resumed as a going concern.

Events (4)

1. November 18, 1871 Receivership
Newspaper Excerpt
Judge Barnard has appointed Jeremiah Quinian receiver of the Guardian Savings Bank, on Chatham-st., of which William M. Tweed is President.
Source
newspapers
2. November 18, 1871 Run
Cause
Bank Specific Adverse Info
Cause Details
A large check ($70,000) could not be honored and rumors of collapse spread about the bank's finances and Tammany connections.
Measures
Officials overhauled books; crowds pacified; later entrance to building barred
Newspaper Excerpt
a crowd was soon collected...the rumor spreading like wildfire, and the excitement became great
Source
newspapers
3. November 18, 1871 Suspension
Cause
Government Action
Cause Details
Judge Barnard appointed a receiver and the bank barred its portals; payments were suspended and access denied
Newspaper Excerpt
SUSPENSION OF PAYMENT BY A SAVINGS BANK. Judge Barnard has appointed Jeremiah Quinian receiver of the Guardian Savings Bank
Source
newspapers
4. February 19, 1872 Other
Newspaper Excerpt
The furniture and fixtures of the Guardian Savings Bank were sold by auction, on Saturday, for $812.37
Source
newspapers

Newspaper Articles (22)

Article from New-York Tribune, November 18, 1871

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SUSPENSION OF PAYMENT BY A SAVINGS BANK. Judge Barnard has appointed Jeremiah Quinian receiver of the Guardian Savings Bank, on Chatham-st., of which William M. Tweed is President. The affairs of the bank will probably have to be wound up, but it has ample securities, and all its depositors will be paid within 60 days.


Article from The New York Herald, November 18, 1871

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ANOTHER RUMORED COLLAPSE. Reported Failure of the Guardian Savings Bank. A Check for $70,000, Presented Yesterday, Refused Payment-The Bank in the Hands of the Public AdministratorStatement To Be Made To-Day. At late hour last evening it was rumored abroad that the Guardian Savings Bank, of which Boss Tweed IS President, had falled in a very heavy sum and been turned over to a receiver. A reporter was immediately despatched to see Mr. Ely, the Secretary of the company; but on proceeding to his restdence found that we was out of town and not expected to return home until this afternoon. BAFFLED in finding Mr. Ely, the reporter left his residence and went in search of a clerk whose name had been furnished, but who when found professed entire ignorance of the rumored failure. From thence he came on to Chatham street, where the bank is located, and discovered the officials of the bank busily engaged in overhauling affairs, and searching the books. On passing his card through the grating to a clerk, it was handed to one of the Financial Committee and a general AIR OF CONSTERNATION was plainly visible, it being evident that the gentlemen who were present had no idea that their secret was out, and already known to the public. A hurried consultation took place in the ofclce, during which the books were dropped, and the business which seemed so pressing suspended for the time. As the result of the conference the clerk stated that no information could be given on the state of the finances last night, as the officials were not certain how they would stand until a thorough examination of the books took place and the amount of the assets was ascertained, and, under the circumstances, the REPORTER COULD NOT COME IN. Some carriages were standing at the door, and a knot of people was beginning to gather, surprised at seeing such bustle around the bank at so ununsual an hour. The news soon leaked out that Tweed's bank had Durst, and a crowd was soon collected. the rumor spreading like wildfire, and the excitement became great, as the depositors mainly comprise the poorer classes, principally the Boss' own constituents. The wildest ramors were circulated, and from the conversation around it could be easily gathered that even among those who bad been his warmest friends all confidence in the Ring of the Tammany Ring was at an end, no further reliance being placed in any enterprise he is connected with. The names of the Executive Committee which adorn the doorplate are not of such a nature as to inspire them with any hope. They are O. W. Brennan, E. C. Wilbour, James H. Ingersoil, G. Putnam and T. Brennan. Some of the names are respectable enough, but the presence of the CELEBRATED CHAIRMAKER threw a gloom over tne people which the wellknown benevolence of the Boss falled to dispel. The particulars of the rumored failure are as follows:-About noon yesterday somebody presented a check for $70,000, which could not be honored, as there was not sufficient cash in the safe to meet so heavy a demand coming as it did, so unexpectedly. For the time the bank suspended payment, and it now remains to be seen whether the closure will be a permanent one or only a temporary embarrassment. Its nominal failure as above caused the bank to be placed in charge of A. J. Rogers, the Public Administrator. Subsequent information. furnished by a person who claims to possess an intimate knowledge of the workings of the bank. states that the affair IS A PUT UP JOB by political enemies of Mr. Tweed, who wish to innict a cruel stab upon him through one of his favorite institutions. He states that the bank has procured ample funds to meet the pressing requirements of the situation, and that to-day business will be resumed as usual, despite the effort that has been made to bring about a different denouement. How far this may be true cannot at this time be ascertained, but a few hours will certify to its correctness. In the meantime the best must be hoped for, though nothing can be definitely known until the books are thoroughly gone over; but the officials are said to be confident of their ability to weather the storm. Mr. Ety, whose name appears as Secrelary, has not been acting in that capacity for some time, a gentleman named Doudy serving in his place. The Boss. though taking a deep interest in the success or the bank, 18 not a heavy shareholder, his interest in the concern being slight.


Article from New Orleans Republican, November 19, 1871

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NEW YORK. Brooklyn Election Returns in Court-Eu on the Bowling Green Savings BankGovernments Very Firm-Weekly Bank Statement. NEW YORK, November 18.-Judge Gilbert denied the application to compel the Brooklyn board of canvassers to reject the returns of certain districts in Brooklyn. An extensive run on the Bowling Green Savings Bank to-day was caused by its rumored connection with the Guardian Savings Bank. Evening.-The bank statement shows: Loans increased $1,500,000; specie increased over$2,250,000; legal tenders incr eased over $3,250,000; deposits increased nearly $5,000,000. Money easy at 5@6 per cent on call loans, with exceptions at 3@4' at the closing. Sterling exchange firm, 94694. Gold 111@1111. Governments very firm; Sixes of 1881, 117%; five-twenties of 1862, 111%; 1864, 111 1/2; 1865, new issues 11416; 1867, 114 % 1868, 115; ten-forties, 110. State bonds inactive; old Tennessees steady, 66 1/2, new heavy, 66; Virginias stead, old 59 1/s; new 67; North Carolinas firm. old 38% new 1914; South Carolinas, old 72, new weak, 27 1/2; Louisianas old 65, new 55; levee sixes 68, eights 75; Alabama eights 98, fives 65; Georgia sixes 80, sevens 86. Patrick Barry died yesterday from eating herrings brought from London on the steamship Devonter, which had become impregnated with arsenic, which was part of the cargo. The health authorities are investigating the case. The Catholics at Hunter's Point threatened violence against the public schools in the first ward of that place, on account of the Bible being read there. The police were yesterday detailed to protect the building. Notice has been given that the painters, bricklayers, housesmiths, stairbuilders and joiners' unions will withdraw from the Workingmen's Union, as the latter is being used mostly to advance the interests of politicians. There was a heavy run on the National and Bowling Green savings banks to-day, the latter of which Henry Smith, police commissioner, is president, suspended payment at three o'clock in the afternoon, having exhausted its capital, $60,000. Its officers claim that at the end of sixty days the bank will be able to meet all demands. The National Savings Bank is also reported to be unable to stand the pressure, and has closed its doors before the end of business hours. It is rumored there will be a run on other banks Monday. The Guardian Savings Bank, William M. Tweed, president, previously reported suepended, has its portals barred, and all entrance to the building is denied. Arrived: Steamer City of Brussels, City


Article from Nashville Union and American, November 19, 1871

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The run on the Bowling Green Savings Bank caused suspension at 2 o'clock this afternoon. The officers of the bank say that at the end of thirty days it will be able to meet all demands. It is reported there will be a run on other banks Monday. The National Savings Bank also suspended today, making three in all. There is considerable excitement about the Guardian Savings Bank to-day. The depositors were assembled in large numbers around the bank, though no demonstration was made. The friends of Tweed tried to pacify the crowd by saying it would resume Monday. Prominent Tammanyists have official connection with all three of the suspended banks, Tweed being President of the Guardian Bank, and Police Commissioner Henry Smith of the Bowling Green Bank.


Article from Evening Star, November 20, 1871

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The Bursting of the Ring Banks in New York. Tweed Puts in His Usual Piea of Innocence. NEW YORK, Nov. 20.-Wm. M. Tweed denies that he is connected with the Bowling Green Savings Bank. He admits being president of the Guardian Savings Bank, but has nothing to do with its management. He says its vice president has placed $300,000 worth of real estate at the command of the bank to enable it to meet its engagements. H. Smith, vice president, of the National Savings Bank, states that all demands will be promptly met to-day. NEW YORK, Nov. 23.-The Times says: "Edward Schell has been appointed by Judge Barnard as receiver of the National Savings Bank, who will take possession to-day. It is believed this bank, the Guardian and Bowling Green banks will meet all the claims of their depositors, but it doubtful if either resumes business again.


Article from The Daily State Journal, November 20, 1871

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LATEST NEWS. FROM NEW YORK. New York, Nov. -There was a run on the National and the Bowling Green Savings banks to-day. The latter, of which Henry Smith, the police commissioner, is president, suspended payment at 2 o'clock P.M., having exhausted its capital of $50,000. Its officers claim that at the end of sixty days the bank will be able to meet all demands. The National Savings bank is also reported to be unable to stand the pressure, and to have closed its doors before the end of business hours. There will be a run on other banks on Monday. The Guardian Savings bank, previously reported suspended, has its portals barred, and all entrance to the building is denied. Notice has been given that the Painters' Bricklayers', Housesmiths', Stair-builders and Joiners' unions will withdraw from the Workingmen's Union, as the latter is being used mostly to advance the interest of the politicians. Judge Gilbert has denied the application to compel the Brooklyn Board of Canvassers to reject the returns of certain districts in Brooklyn. New York, Nov. 19. A special detective of the United States sub-Treasury left for Europe to secure the arrest of Andrew J. Garney. One "cholera death to-day at Quarantine. Forty cases remain. All of which are doing well. Arrived, "Herman Livingston" and the Russian frigate "Swetland" with the Grand Duke Alexis on board. New York, Nov. 19.-The - Sunday Herald says the primary cause of the suspension of the Bowling Green Savings Bank is said to have been the loss of a quarter of a million of dollars in Hannibal and St. Joseph stock, in which the officers and directors are alleged to have speculated with its frauds. Mr. Selmes, its secretary, stated last evening that they would not be able to open the doors soon, if at all. He says the liabilities and assets are each about half a million, and that the bank will be able after awhile to meet every obligation. They have ample securities, but have been obliged to bear the odium of connection with the ring for three months, and to raise money had to sell securities at a heavy discount. New York, Nov. 19.-Richard Tweed retires from the Metropolitan Hotel December 1st. Applications were made to the British Consulate yesterday by three naturalized citizens for permission to resume their allegiance to Great Britain. The Williamsburg Mormon church is breaking up. Most of the leaders have gone to Utah. The Episcopal church, corner of One Hundred and Twenty-seventh street and Fourth avenue, was burned last night.The loss is small, as the building was of wood.


Article from The Wheeling Daily Intelligencer, November 20, 1871

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BOWLING GREEN BANK SUSPENDED. Therun on Bowling Green Savings Bank caused a suspension at 2 o'clock this afternoon. The officers of the bank say that at the end of sixty days it will be able to meet all demands. OTHER BANKS THREATENED TO-DAY. It is reported that there will be a run on other banks Monday. A THIRD SUSPENSION. The National Savings Bank also suspended to-day, making three in all. EXCITEMENT ABOUT TWEED'S BANK. There was considerable excitement about the Guardian Savings Bank to-day. The depositors were assembled in large numbers around the bank, though no demonstrations were made. The friends of Tweed tried to pacify the crowd by saying that the bank would resume on Monday. Prominent Tammanyites have had official connection with three of the suspended banks, Tweed being President of the Guardian Bank, and Police Commissioner Henry Smith, of Bowling Green, in the office. SMALL-POX. / Nine new cases of small-pox are reported to-day. This makes thirty-nine cases since Saturday last. QUARANTINE CHOLERA. The cholera at Quarantine is now supposed to have been subdued. No deaths have occurred since Thursday. The Humboldt, of the same line as the Franklin, expected to arrive on Tuesday. it is feared, will have a portion of the disease on board.


Article from The Daily Dispatch, November 20, 1871

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Affairs In New York. NEW YORK, November 18.-There was a run on the Nationaland the Bowling Green Savings Banksto-day. The latter, of which Henry Smith, the police commissioner, is president, suspended payment at 2 o'clock P. M., having exhausted its capital of $50,000. Its officers claim that at the end of sixty days the bank will be able to meet all demands. The National Savings Bank is also reported to be unable to stand the pressure and to have closed its doors before the end of business hours. There will be a run on other banks on Monday. The Guardian Savings Bank, previously reported suspended, has its portals barred, and all entrance to the building is denied. Notice has been given that the painters, bricklayers, house-smiths, stair-builders and joiners unions will withdraw from the Workingmen's Union, as the latter is being used mostly to advance the interest of politicians. Judge Gilbert has denied the application to compel the Brooklyn board of canvassers to reject the returns of certain districts in Brooklyn.


Article from The New York Herald, November 21, 1871

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The "Poor Boy of the Mohawk," His Banks and Police-A Captain of Detectives on Guard. THE REPORTS TO THE LEGISLATURE. Reports That Never Lie-Condition of the Manhattan, Guardian, National Savings, Bowling Green, Yorkville and Citizens' Banks. Figures and Facts for the People. Few calamities are fraught with more of truly pittable misery than the failure of a savings bank. Other financial concerns when they topple over usually content themselves with burying in their crumbled heaps of ruins LARGE SLICES OF THE PROPERTY of men whose colossal fortunes can easily with stand a considerable and sudden diminution, and whose means were probably accumulated by the misfortunes of a similar character which had previously overtaken their neighbors; but the closing of a savings bank's doors for the last time shuts out every ray of hope and happiness in this life from the hearts of 80 many poor and worthy fellow creatures who so richly deserve a better fortune that no man with human feelings and sympathies can stand the unmoved witness of such a spectacle. It brings before the mind's eye the exquisite agony of the industrious laborer who for many a long year has toiled in the winter's biting frost and under the blazing summer's sun. in humility and hard. ship and danger, and coined his sweat and blood and flesh into few precious dollars, that might save him from hunger and the aimshouse when his supple joints became stiff and his strong muscles weakened and his hair grew gray after a life of weary SUFFERING AND SELF-DENIAL, and who now suddenly awakes to find that his longcherished dreams-of an old age of comparative comfort and independence have changed into the dread reality of inevitable and hopeless beggary. Then think of the indescribable misery of the poor widow whose humble and untiring Industry with her washboard or her needle has enablea her to save little money, on which she depended to bring up her fatherless boy as a worthy and honest member of society, and to preserve her orphaned daughter from life of shame, and who now finds the fruits of her years of toll and patience and privation all withered and blasted in an hour. Only think of the thousands of cases of wretched. ness and suffering, which no pencil can pain: and no pen enumerate brought about by the collapse or one of those instituti ns which are allowed to exist only because they profess to be peculiarly the guardians and rewarders of the industrious poor. and If there be any sentiment in addition to pity for the victims, it is that no punishment can be too severe for the parties who wilfully abuse or negligently mismanage THE AFFAIRS OF SAVINGS BANK. The great excitement in the city caused by the announcement of the failure of several savings banks and the details thereof published in the HERALD on the two following days had duminished very little yesterday. Even among those who were not depostors the interest in the condition of the suspected banks was very intense, and groups of men who congregated under awnings and porchos for shelter from the falling rain discussed the affairs of the sav. ings banks with the safety and tardy arrival of the Grand Duke Alexis. What every speaker seemed to consider most remarkable was the fact that all THE THREATENED FINANCIAL INSTITUTIONS were connected in some nearer or more remote degree with the old Tammany Ring and acknowledged some one or other of its distinguished members as their managers and directors, and the name of WILLIAM M. TWEED was on every tongue. About two o'clock in the afternoon a large group of soaked and dripping citizens stood under an awning on the corner of Fulton street and Broadway, discussing the financial situa. ation, its causes and effects. "Well," said one gentleman, as he shook the rain from his umbrella, "there's sort of poetical justice in all this. Thousands of poor laborers in the city are ruined by the very men they always fought for and voted for and kept in power." "No, sir, no: that's a mistake," replied poor Irishman, who had just been denied admittance to one of the banks where his little savings were deposited: "that's all mistake, sir. 'Twasn't me that voted for 'em at all. nor tought for 'em, alther. 'Tisn't the poor, hard workin' min, that WORK FOR THEIR LIVIN' and save their little airnings for the childher, that do have anything to do with thim politicians one way or another. We did not put our money in their banks because they were Tammany politicians, but because we saw them looked after and associated with by gintlemin that houlds their heads the highest the city. The papers tould every day that they had plinty of property in all the ratlroads and banks of the country, in company with all the great people of the land, and, sure, we naturally thought they were safe enough to hould our little thrifes for us." "Could it be out of revenge for going back on them at the last election that they have done this thing now ." asked another. "I "Begor, may be so." said the Irishman. wouldn't put past thim.' as "I think, said German, "dey be's not so bad als. I b'leef Tweed has pull all his money out of dem banks and leave nothing any more, so dat he can GET AWAY VERY SOON. How much you lose P1-10 the Irishman. "Two hundhert an' forty-six dollars," answered Pat with sigh. "Ah, lose BIX hoondred dollar," and the German walked away sorrowfully. of It would be hard to estimate the amount wretchedness and misery caused by the failure of those banks: it never will and never can be known All the information that could be gleaned, however, by a sharp squad of reporters is here subjoined. The reporters of the HERALD were yesterday despatched in every direction to secure facts regarding the run upon the banks, and the result of their labors is given, as follows. The Banks of the City and County Hard Earnings Are Secured or Protected. D.C. Howell, Superintendent of the Banking De. partment of the State, resides at Albany, and is supposed to exercise general supervision over the banks of the state. From nis report transmitted to the Legislature on the 15th March of this year the following statement of the character of securities in which the banks have invested to secure their depositors is taken. A comparison of the character of the securities in which investments are made within the law will enable any depositor of ordt. pary intelligence to discriminate between Bound institutions and "wild cat" banks, established in the Interest of "ring men" who, by the rounding of banks, hoped to secure political power for an indefaite period. From Mr. Howell's report the followlog facts ascertained:ABINGDON SQUARE SA VINGS BANK. Bonde and mortgages, $20,000; United States securittes, $5,000. ATLANTIC SAVINGS BANK. secuStates United Bonds and mortgages,$808,17 rities. $676,000; bonus o: cities in the State, $307,000;


Article from The New York Herald, November 21, 1871

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UNITED STATES DISTRICT COURT-IN BANKRUPTCY. The Guardian Savings Bank. Counsel for Julius Ascher, a depositor in the Guardian Savings Bank, has commenced proceedings for the purpose of putting the Guardian Savings Bank into involuntary bankruptcy, on the ground that the bank has stopped the payment of its checks, and that a receiver has been appointed in the State Court. The papers will be served personally upon Mr. William M. Tweed, as one principally connected with the affairs of the establishment. Condemnations. A quantity of tobacco found at 330 Cherry street, and thirty cases of blank books, the property of one Rubenson, seized at the Custom House for undervaluation in the invoice, were condemned yesterday by default in the United States District Court, no claimants appearing.


Article from Daily Kennebec Journal, November 30, 1871

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BY TELEGRAPH -TO THEDaily Kennebec Journal. News from New York New York, 29. Judge Brady, it appears has granted an order of arrest of Mayor Hall, on a similar complaint as those against Tweed and Connolly. The fact was known at the City Hall during the forenoon, and Hall soon disappeared, it is supposed to secure bondsmen, and save the annoyance of remaining in custody on Thanksgiving. His bail bonds will be for a million dollars, requiring the sureties to justify in two millions. Connolly has been committed to Ludlow street jail. It is rumored that his property is largely invested in foreign funds by his son who recently visited Europe. Connolly had an interview with Comptroller Green to-day. The object is unknown. The Receiver of the Bowling Green Savings Bank, states that the assets are $451,000, and the liabilities 474,000. The Receiver of the Guardian Savings Bank reports that all depositors will be paid in full and the smaller ones at once. The expedition of Catholics to teach the natives of Ecuador farming sailed to-day in the Ocean Queen. The health officer reports that the cholera has disappeared from the Bay. The steamer Franklin will be allowed to come to the city on Sunday. Coal fell 50 cents per ton to-day in spite of the cold weather. Gen. Burnside sailed to-day for Europe in the Scotia. Catherine Daly residing on West 53d St., has been arrested for the murder of her husband. The government steamer Gen. McAllister, to be used in dredging the bar at the mouth of the Mississippi, was launched to-day. Hiram Howe a well known jockey, has been indicted by the grand jury of Queens county, of a serious assault on Del Sammis, and admitted to bail in 85000. An attempt to burn the extensive stables of the oklyn Cross Town Railroad at Green Point, was frustrated and the incendiarv. Patrick McNamee, was caught and ar rested. The Brooklyn reform committee ask personal and financial aid from the citizens in bringing to justice any defrauders of the treasury. A portion of the Erie basin of South Brooklyn gave way last Friday from the pressure of the immense stock of grain in the warehouse. Damage $8000. James Kelley charged with shooting Alderman Stewart, has been committed in default of bail to await the action of the grand jury. There was a lull to-day in the Bible war at Hunter's point. The Lord's praise was read in the school without interruption. Kate Demer was expelled as a leader of the disturbances. She applied for re-admission but was refused Some of the suspended scholars were allowed to return. Four policemen remain on duty at the school. The Principal is still subjected to insult on the streets, but expresses the belief that the Catholics of the place don't generally approve of the disturbances. Petitions for a commutation of the sentence of Botts the murderer of Pet Halstead, will be presented to the New Jersey court of pardons. Mrs. Lyman Fish, wife of the proprietor of Taylor's Hotel, Jersey City, was seriously injured by being thrown from a carriage today. Arrived, steamer City of London, from Liverpool. In the case of of Smith, Gould and Martin, growing from the transactions of "Black Friday," the jury came into court this evening and the foreman announced ten in favor of a verdict for the plaintiff, and two were holding out. He asked the Judge to make inquiry whether proper inducements were held out to these two. The !Judge sent them saying that he would consider the question if they did agree on a verdict. The jury were locked up for the night.


Article from New-York Tribune, December 6, 1871

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so WallNo. elected the followi officers: President-Capt Dunean. March and 8. V. WLIN Mecretary and Treasure M thewa. Executive Committee WITH 8. Booth, Removed Dwight and W.I. This bank will go into active operation as soon as new building of the Seatnen's Association is finished, the which will be about the 1st of January next. loestion will be favorable to its success, for it will be and directly among the mailors' boarding-houses, dry-tocks, ship-yand It will have the hearty cooperation of the Paymentor Department of the U. Navy-Yard. There 18 no other savings bank in the Seventh Ward, and there CAR be but little donbt that its very la boring population will gladty avail the insolves of the advantages it will offer them. THE STUYVESANT BANK FAILURE-ONLY 558 IN 118 VAULTS WHEN IT SUSPENDED. A turbalent meeting of the depositors of the pended vesant Bank was held last evening at the Mundair How 111 the chair. It appear that the amount of cash 111 the valus at the time of the suspension was only $53, and that the total Habill ie, $500,000. The liabilities to the Manufacturer," and Merchants' Bank were $71,000. Fifty thousand dollars have be 11 paid to Mr. Arch the Receive I'. The Com mittee appointed a: the previous meeting to love ligate the condition of the bank reported their inability to present a dear statement. The Merchants' and Manufacturers' Bank held a large surplus of collate which PRINT not be examined. Until Feb. 1, 1872 would be to Pender fall report. The Come is bone. Hatalie words be paid a targe recurrant of their deposits the President for 11 electing the (1) serve. Th building now made valuable 1. to down ou are nomin will be deposito with the Unit must Company. When the and en read, Mr. Gillespie, a demanded 101 how the depositor lay upon the them who had DISEASED money The rishier had stated that -100,000 in the vanits of the bank when it suspended. The Receiver on the contra said there was only 853 One of 11 stockholders and directors was a large bor rower, and had given security. and all the SEO khold had reveds inidend recently.to which they had not been entided. He wanted these men to come forward and explain their conduct. and that the matter should be immediately taken man the course A Here discussion followed. nd serious disturbance Mr. Rayner, fishier of the Merchants and Measfacturers Bank. expelled, as being a debtor o! the enjyvesant and an advocate of its cashier, Van Orten. Ultimately, Dr. Win. inelle and Wm. Giller DE were against Committee and the maching was and great disorder, until MADE BY THE GI ARDIN SIVINGS BANK DEPOSITORS ennounced in Tax TRISUNE a few making by the Office of the as ii, affairs Brennen, Commission :** of Charities Correction. visited various depositors and induced them rements to take less than the amounts representing that many of the heaviest creditors of the bank had agreed to do the same thing. H also tated, as a that argument with many of the b depositor that In lead himself placed $3,391 which longo to his children, in the bank and that he intended abaption my right to this money. in order to help the bank our of his troubles. The majority of the persons bad pie ed their money ia the Guard Hau Saving Bank 1001 people, and, when they were assured that 1. could obtain a les. sum more readily, the end ascritten part of their earnings. Delect live Dolan of the Sixth Preduct had deposited $193, and with the accrued interest the amount due him was 6503. Owing to the representations of Mr. Brennan he signed an agreement to receive $50 less. Mr. MeNa. mara of No. 4 Baxter-st. on a deposit not $1,900, was induced to take $300 less. Assistant Alderman Lysaght surrendered his claim to $1,000 out of a depos of 8.000. Oill, a policy-dealer, agreed to take $500 less than the $1,000 to his The Daniel Meehan Club, an which meets of Bayard had SIDE to its ry and agree through its Treasurer and Secret 10 850 less. Solomon Cohen of No. 6 Basic middle it b. Her arrangement them man, of his followdepositors, by securing the promise of the Trustees to give $900 for $1,000. John Byron or No. 21 Moll-st. had $400 to his credit and agreed to take $350. Michael Drammy from 8650 the W all $101. Jacob Cohen of No. 166 Caatham st., for adeposit tonceepts Ross Thompson. from it de posit of 8275, threw ett 895. Jones OR a deposit of 83,930. suggest to take ..... only $1,960. and vowed that unless he I've lived 11 at date me would prosecut 111+ truste and Per imbur... the widow, for whom he depo ii. out of His ova pocket.


Article from Memphis Daily Appeal, December 7, 1871

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TAMMANY TABLE-TALK. L'ENFANT PERDU. In the Ingersoll case the papers have been returned by the sheriff, and indorsed, "defendant not found." MR BRENNAN'S LITTLE GAME. Sheriff Brennan was closeted with Mayor Hall a short time on Tuesday. The sheriff and Mr. Hall are on very intima's terms, and the former, although he sifects to be opposed to Tammany, has been aiding the friends of the Tammany ring in various ways since the commencement of legal proceedings against them. PICKING OUT THE DRONES. Comptroller Green is delayed in paying off the city employes, by reason of the fact that he finds men who do nething have their names inserted on the payrolls between actual workers. A FLATTERING EXHIBIT. At a meeting of the depositors of Steuyvegant Savings Bank, on: Tuesday evening, it appeared that the bank had only fifty-three dollars in cash at the time of suspension. The liabilities were $590,000. The Guardian Savings Bank is compromising with the depositors for the amount due them. POOR GREELEY! At a meeting of the regular Republican central committee last levening, a resolu tion was adopted that no more propositions of affiliation shall be made to the Greeley league.


Article from New-York Tribune, December 27, 1871

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THE GUARDIAN SAVINGS BANK TO RESUME PAY MENTS IN A MONTH. Receiver Quinlan of the Guardian Savings Bank, says that the Bank is not yet able to pay i ts de positors, but as a large number of bonds and mortgages are owned by the bank, the officers are certain that with these and securities which the Trustees may advance, they will be able to resume payment by Feb. 1. Their liabilities are $530,000, nearly all of which they will pay, if possible, before the time specified: but there are many legal processes that will occupy considerable time, and many of the mortgages will have to be transferred from other banks. The Receiver further states that as there 18 no law constituting preferred creditors, he intends to pay all the smaller depositors in full. and give the others a dividend of 50 per cent. He says that depositors will not lose a dollar, as he intends to do all in his power to protect them. Many of those who are suffering for the want of small sums which they had deposited. have stated their cases to him, and he has paid them from private sources enough to alleviate their wants till the bank resumes payments.


Article from The Wheeling Daily Register, January 1, 1872

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Sunday's Dispatches. NEW YORK. Mexican News, NEW YORK, December 31.-A Herald special from Matamoras, via Brownsville, Texas, December 30, says that the revolutionists under Quiroga entered Mier this morning, the government troops falling back to Camargo without resisting them. The town of Tolo has pronounced for the revolutionists. This pronunciamento closes all communication to the government troops between Tampico and San Luis. Canales has been nominated Governor of Tamaulipas. He is now organizing the national guard to defend the State. The Guardian Savings Bank. Jeremiah Quinlan, receiver of the Guardian Savings Bank, will probably present a report of the state of affairs in that institution next week. The Tammany Society. A special meeting of the Sachems of the Tammany Society was held yesterday afternoon, when the deposition of Tweed was ratified and Mr. Augustus Schell elected to the office of Grand Sachem by acclamation. Connolly is still in Ludlow street jail, without a prospect of release. His friends had hopes of obtaining his release in order that he might spend New Year with his family. The Democratic Reform enrollment in the various districts was completed last evening. Jem Mace has issued a challenge offering to fight any man in the world for $2000, Ned O'Baldwin preferred. Mace states that this will be hislast fight, win or lose. The Hunter's Point Trouble. Hostilities are again threatened in connection with the Bible war at Hunter's Point. Adam Williamson, night watchman at 42 John Street, was discovered by police officer Severing with his throat cut. The wound is probably fatal. This morning the German Hospital, corner Seventy-Seventh Street and Fourth Avenue, took fire, originating in the basement. The building was damaged $10,000; furniture and bed ding $2000. The fire created an immense were to the conveyed panic among the Jewish inmates, Orphan who Asy. lum near by. No lives lost.


Article from New-York Tribune, February 19, 1872

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SAVINGS BANK TROUBLES. CLAIMS AGAINST THE MARKET SAVINGS BANKA DEBTOR'S STORY. Eighty persons proved themselves creditors of the Market Savings Bank on Saturday, making an aggregate of 1,000 persous who have proved their claims in accordance with law. The election of an assignee will take place March 13, and a Commissioner in Bankruptcy will attend on Saturday next, to complete the proving of claims. The latest rumor about Conklin is that he is residing in Nevada, working some valuable silver mines when he purchased with the money alleged to be stolen by him from the Market Savings Bank. THE BOWLING-GREEN SAVINGS BANK ADJUDICATED A BANKRUPT. In the United States District Court, on Saturday, the matter of the Bowling-green Savings Bank came up on an order to show cause why it should not be adjudicated a bankrapt on the petition of Aaron May. Shepherd Knapp, the Receiver of the Bank, objected to the jurisdiction of the Court, on the ground that the Bank had been dissolved before the filing of the petition; that, therefore, there was no bank to be adjudicated a bankrupt in this case, and that, by the appointment of a Receiver, the state Court had obtained control UI the matters involved in the case. Judge Blatchford held that these objections had no force. The Bank was then called, and, no one answering. .in its behalf, it was adjudicated a bankrupt by default. SALE OF GUARDIAN SAVINGS BANK PROPERTY. The furniture and fixtures of the Guardian Savings Bank were sold by auction, on Saturday, for $812 37. The largest amount was obtained for a walnut partition in the outer office. which was knocked down at 8125. The large safe manufactured by J. McB. Davidson was not sold, as a communication was received by Mr. Quialan, the Receiver, from Controller Green, stating that the safe had been paid for by the city two years ago.


Article from New-York Tribune, January 28, 1873

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INSOLVENT SAVINGS BANKS. An application was made, yesterday, before Judge Barrett, in the Supreme Court, Chambers, on behalf of Jeremiah Quinlan, receiver of the Guardian Savings Bank, to compel Shepherd Knapp, receiver of the Bowling Green Savings Bank, to refer a claim of the Guardian for $50,000 against the Bowling Green. Wm. M. Tweed was President of the Guardian and Hank


Article from New-York Tribune, May 2, 1874

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# A BANK DISPUTE FOR $14,000. In the Supreme Court Chambers yesterday, before Justice Donohue, argument was heard in the case of the Bowling-green Savings Bank against the Guardian Savings Bank, in which both laid claim to $14,000 surplus moneys arising out of a foreclosure of mortgage made by Mr. Selme, Secretary of the Bowling-green Savings Bank, to Walter Roche, and assigned by him to Jeremiah Quinlan, receiver of the Guardian Savings Bank. The matter came up on a motion made a few days ago to confirm the referee's report, which had been made in favor of Mr. Quinlan, the receiver of the Guardian Savings Bank. The case was argued at great length by James W. Gerard, jr., for the Guardian Savings Bank, and Mr. Trull for the Bowling-green Bank, and at its close the Court took the papers and reserved its decision.


Article from The New York Herald, March 7, 1876

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THE GUARDIAN SAVINGS BANK. REPORT OF THE REFEREE-AN ODD REGISTER JEREMIAH QUINLAN'S WORK. The report of Mr. William Abbott, referee in the case of the Guardian Savinga Bank, was filed yesterday in the office of the County Clerk. The report commences with a detail of why, when and how the referee was appointed and a statement of the extent of the inquiry made. Among the witnesses who were believed to have testified fully and presented all the documents required are Messrs. Jeremiah Quintan, Robert N. Innis, Waiter Roche and Isaac Dayton, Public Administrator. The points of chief interest to the public are those in which some irregularity is shown in the bookkeeping which marked the term of Mr. Jeremiah Quintan as receiver rather than of amounts lost to the depositors. A few of these will convey a fair idea of the whole, for it is not claimed that there has been any very serious loss to the depositors through the irregularities noted. The corrections to the report as furnished by Mr. Quinian, are indicated by the statement to have been correct, otherwise than in the following instances:First-The account furnished, instead of charging the receiver, Quinlan, with having received, on January 5, 1875, $1,988 27 by note of P. C. Ingersoll, &c., should have charged him with receiving said sum December 2, 1871. Second-The account charges him with having received, on January 9, 1875, $1,512 74 on note of A. S. Teffell, &c., whereas it should charge him with receiving the sum on December 8, 1871. Third-Instead of charging him with having received, January 9, 1875, $1,404 02, being a note of E. McClellan &c., it should have reported the same as having been received December 12, 1871. Fourth-The accounts represent that on January 9, 1875, he received $2,369 14, being note of A. W. Chapin, whereas the sum named was received January 9, 1871. Fifth-The books represent $3,613 09 as being received by note of William K. Hall, January 9, 1875, which was 111 fact paid December 11, 1871. Sixth-That instead of entering that $8,514 92, bond and mortgage, with interest, George Breaker, on March 31, 1875, it should have been entered $7,081, on February 27, 1872 Seventh-March 31, 1875, is given as the date on which $4,209 13, bond and mortgage of M. Mahony, with interest, which was received March 22, 1874. Eighth-That the books, instead of noting that on April 10, 1874, $14,621 37, a balance of land and mortgage of Jacob Pecare and Enoch, and of Selmes to Morris, should charge him as having received, April 10, 1873, $14.605 61, making an overcharge of $15 76. Ninth-Instead of charging himself with having received, January 9, 1875, $810 37, sales of furniture, &c., he should have charged the same as having been recelved February 28, 1872. Tenth-Instead of crediting the receiver with paying, April 22, 1872, $396 94, interest on bond and mortgage of M. Fitzsimmons and James and F. Schaffer, he should have credited him with nothing, said payment never having been made. Eteventh-Fitteen payments are entered to James R. for services, amounting to $1,249 95. It should have been to the extent of 1,249 95. Twelfth-The receiver is credited with having paid, March 31, 1875, to P. J. 'Donahue, receiver, as tees, $5,000, when he should not have credited him with anything. Thirteenth-The account should credit the receiver with having paid Isaac Dayton, as Public Administrator, in part payment of indebtedness of G. Savins, to him as such officer, August 11, 1873, $4,000; March 10, 1874, $3,000; June 16, 1874, $10,000; September 22, 1874, $15,000. In all, $32,500. It is found that the payments were made by checks, dated on or about the dates named, on the National Trust Company, signed by Jeremiah Quinian, receiver, No. 2; and that all were payable to I. Dayton, except one, which was made payable to Jos. Reilly, clerk of the receiver, and by him indorsed to the Public Administrator, It 18 found also that the fund in the National Trust Company, with some exceptions, was received by Mr. Quinian, as one of the trustees to Waiter Roche, and deposited by him in the trust company as receiver No. 2. It is further found that the remainder of all assets in the inventory has been transferred by Quinlah to O'Donohue, the present receiver, showing a clear cash balance of $13,236 51. Schedule B shows the total amount of receipts to have been $326,191 20 and the total of payments as $313,954 69. The amount paid, including interest, &c., in various ways, is shown to have been $401, 707 50, and the amount of releases, $313,954 69, leaving a cash balance of $13,236 51 to be paid by said Quinian.


Article from Evening Star, August 11, 1877

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# A RECEIVER WHO RECEIVED FOR HIMSELF J. T. McGowan, receiver of the Guardian Savings Bank, in New York, has obtained leave from Judge Van Brunt to sue J. J. O'Donohue, a former receiver, for $24,000, part of money misappropriated by J. Quinlan, who was first receiver of the bank, and also to sue Jos. Reilly, a brother-in-law to O'Donahue and clerk to Quinlan, for $13,000 misappropriated by Quinlan. O'Donahue was Quinlan's surety and also his successor in the receivership.


Article from Evening Star, August 11, 1877

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retary of War Major R. N. Batchelder, quar- termaster, has been ordered to report to the quartermaster general for duty. Major H. B. Burnham, judge advocate, U. S. A., has been granted three months' leave of absence, with permission to go beyond the sea. ### "A COOL PROPOSITION." Under this head the New York Times prints a special which says: Much to the surprise of the War de- partment officials, the Baltimore and Ohio Railroad Company has presented a claim for payment for transporting United States troops from Washington to different points along its line to protect the road from the strikers. This seems a little like imperti- nence. Without the aid of the troops the railroad company would have been com- pletely at the mercy of the strikers, for the militia were of no service whatever, and in some cases expressed their sympathy for the rioters in an unmistakable manner. If the military had been sent over the road to pro- tect private or public property, the case would have been different; but no property required protection except that belonging to the railroad company. During the war of the rebellion many precedents were estab- lished under which this claim could be paid, but it is stated at the War department that there was an understanding when the troops were sent that the railroad companies should furnish transportation. If this is the case the matter will probably go to the courts for settlement. No railroad but the Baltimore and Chio has yet presented its bill. and at the Cabinet meeting to-day, when this mat- ter was brought up, it was decided that no action should be taken until all the other railroads should be heard from, when it will be submitted to the Attorney General for an opinion. ### SERENADE TO SENATOR CONKLING His Compriment to Gen. Grant. Senator Conkling, of New York, who returned yesterday from a brief trip to England, as stated in last eve- ning's STAR, was received at Hoboken with speeches, cannon firing and other noisy wel- come. In the evening he had a reception and serenade at the Fifth Avenue hotel. After returning thanks for the cordiality of his re- ception, he said he came back a stronger, if not a better, American than he went away. He never before was so proud of his country or so content with his countrymen as now that he had the opportunities of comparing them with other countries and people. Great Britain had the accumulated results of gen- erations. She had had eight centuries of Par- liaments, power and wealth, but in civiliza- tion, liberty, progress, general intelligence and promise of the future, America need not shrink. He spoke of Paris, its art treasures and monumen's, and paid a tribute to the magnanimity of the Germans, who left them untouched when they had the city in their power. Of Gen. Grant he said that wherever he goes, honors wait upon him, but they do not seem to wean him from things at home. He may remain long abroad, but when he returns you are likely to find that all the dis- tinctions poured upon him have not washed out a jot of his Americanism or made him anything save the same upright, downright republican without cant or palaver. ### POLITICAL CONVENTIONS Calls have been issued for national and state political conventions and conferences as follows: Tuesday, August 14, Maine democratic, in Portland; Wednesday. August 15, New York prohibitionist, in Utica; Wednesday, Aug. 22, Pennsylvania democratic, in Harrisburg; Thursday, August 23, New York greenback, in Rochester; Wednesday, August 29, Iowa democratic, in Marshalltown; Wednesday, September 5. Pennsylvania republican, in Harrisburg; Tuesday, September 11, Wiscon- sin republican, in Madison; Wednesday, September 12, Massachusetts prohibitionist, in Worcester; Pennsylvania prohibitionist, in Harrisburg; Thursday, September 13, Massachusetts democratic, in Worcester; Wednesday, September 19, Massachusetts republican, in Worcester; Thursday, Sept. 20, Maryland republican. in Baltimore; Wed- nesday, September 26, National convention of representative colored men, in Washing- ton; National Conference of prohibitionists at Perry-street M E church, New York city. ### CHANGE OF ADMINISTRATION IN CUBA Lieutenant General Luis Prendergast, chief of staff of the Spanish army in Cuba, has ar- rived in Havana, and a dispatch from that city says: Taking his arrival in connection with that of Martinez Campos, the rumored change of administration of the island is ap- parently well founded General Jovellar in- augurated his administration by laying open the shameless frauds committed by the army purveyors and imprisoning defaulters, implicating thereby indirectly ex-Captain General Valmaseda and others. The efforts of General Jovellar were in vain. The per- emptory orders of Spain obliged him to re- lease the defaulters and army swindlers. General Jovellar's honor almost obliges him to resign. If he resigns it is supposed that Lieutenant General Prendergast will replace him temporarily. ### GEN. FIELD of Fredericksburg, Va., has recently returned home from Egypt, where he held a high position in the army of the Khedive. His withdrawal from that army grew out of the Turko-Russian complica- tions, in which Egypt, through her vassal- age to the Sultan, has been forced to take part. The American officer could not con- scientiously take the field for the Crescent against the Caoss, and so resigned. In fact, it is stated that about all the American offi- cers in the Khedive's service have been got- ten rid of in one way or another. ### FAILURES IN PHILADELPHIA are an- nounced as follows: Newhouse & Rousenan, wholesale clothiers, have failed, but no state- ment has been made of their assets and liabilities. They have two judgments against them for $15,000 and one for $10,000. M. Rosenbach & Co, shirt manufacturers, have suspended and are reported to have indorsed about $18,000 of paper for a broken clothing house. John Clayham, fish and provision dealer, has suspended. He pro- poses to pay 50 per cent. ### A RECEIVER WHO RECEIVED FOR HIMSELF J. T. McGowan, receiver of the Guar- dian Savings Bank, in New York, has ob- tained leave from Judge Van Brunt to sue J. J. O'Donohue, a former receiver, for $24,000, part of money misappropriated by J. Quinlan, who was first receiver of the bank, and also to sue Jos. Reilly, a brother- in-law to O'Donahue and cierk to Quinlan, for $13,000 misappropriated by Quinlan. O'Donahue was Quinian's surety and also his successor in the receivership. REV. AUGUSTINE F. HEWIT, of the order of the Paulists, is now superior of the order and editor of the Catholic World, Father Heck- er's ill health having compelled him to seek release from his duties. Dr. Hewit is an LL. D., his degree having been recently con- ferred by Harvard, which thus supplies the first instance of an American university founded by Protestant sectarians so honor- ing an eminent divine of the Roman Catholic church. ### THE ANNUAL CONVENTION of United States bankers will be held at New York on the 12th, 13th, and 14th of September; 6,152 banks will be represented, of which 2,082 are national banks, 875 state banks, 2,524 private banks, and 671 savings institutions. The convention will take such measures as are necessary to remove the oppressive restric- tions that are said to have recently crippled


Article from The Sun, January 23, 1879

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Foundation was laid in the Assembly yesterday for much important legislation. At the head, in point of desirability, should be placed the proposition to reduce the salaries of officials in New York city. Men who are paid $12,000 or over. a year, are, under the proposed act, to receive thirty per cent. less. Eight thousand dollar salaries are to be reduced one-fourth. five thousand dollar ones one-fifth. and three thousand dollar ones an eighth. The bill prohibitingthe convict labor contract system. which for several sessions has been unsuccessfully before the Legislature, made its appearance again. A Brooklyn member wants a law prohibiting the construction of an elevated railroad in Fulton street, Brooklyn, and a New York Assemblyman desires the Legislature to prohibit the building of the Manhattan Company's Elevated road in Division street and in Second avenue. Mr. BOGAN'S resolution relative to the Bowling Green and the Guardian Savings Bank calls for an accounting of receivers' dividends. and the details of the winding up of the institutions.