Murray Hill Bank (New York, NY)

Episode Information

Episode UID
4768020091160
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
476802009 hash
Start Date
August 11, 1896
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
e3f42fc7666558ee

Response Measures

None

Description

Closed by state Superintendent of Banking and later placed in receivership after reorganization attempts failed.

Events (3)
1. August 11, 1896 Suspension
Cause
Government Action
Cause Details
State Superintendent of Banking F. D. Kilburn posted notice closing the bank pending examination, citing unfit condition and insufficient funds.
Newspaper Excerpt
This bank is closed pending an examination of the condition of Its affairs.
Source
newspapers
2. August 19, 1896 Other
Newspaper Excerpt
PLAN OF REORGANIZATION ADOPTED. SCHEME OF THE DEPOSITORS TO SAVE THE MURRAY HILL BANK.
Source
newspapers
3. September 1, 1896 Receivership
Newspaper Excerpt
appointed P. C. Tresier receiver / later courts appointed Spencer Trask and Miles M. O'Brien as receivers and litigation followed; final receivership proceedings continued into 1897
Source
newspapers

Newspaper Articles (23)
1. August 12, 1896 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, August 12, 1896

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THREE BANKS CLOSED MURRAY HILL, OF NEW YORK, WITH DEPOSITS OF $1,250,000, Private Institution of L. D. Taylor & Co., of Chicago, and the Security Bank, of Duluth, Minn. NEW YORK, Aug. 11.-The following notice, signed by F. D. Kilburn, superintendent of banking, was posted on the door of the Murray Hill Bank to-day: "This bank is closed pending an examination of the condition of Its affairs." The bank is one of the oldest State institutions in this city. The deposits amounted to about $1,250,000, and it is believed that they will be paid in full. One reason advanced for the suspension is the fact that the bank had to take a considerable amount of real estate for loans. The Murray Hill Bank was organized in 1870. It has been regarded as one of the stronger of the smaller up-town institutions. It is understood that there is due its seventeen hundred depositors about $1,250,000. The customers of the bank were chiefly local tradesmen, and it had some brewery accounts. The capital of the bank was $100,000. Mr. F. T. Hopkins is president, and the directors are Rufus M. Stivers, John Weber, James Carney, Bernard Metzger, F. T. Hopkins, Philip Diehl, R. O. N. Ford, Charles H. Heimburg, Albert H. Gale, F. T. Steinway, Thomas McManus and William D. Bruns. Examiner Kilburn gave out a statement this afternoon that the cash assets of the bank amount to $130,000. and $43,000 due from the clearing house. Of this amount $45,000 at least may be deducted in exchange for yeserday's business. It also has $56,400 unavailable assets in the shape of bonds of a brewing company, to which the bank loaned large amounts, but are said to be not worth 10 cents on the dollar. The bank also holds $122,000 in second mortgage bonds, and $108,000 of this amount is hypothecated for a loan of $84,000. The deposits of the bank have fallen off $250,000 in the last few months. Three hundred thousand dollars of the $872,000, which is the outside available assets, is hypothecated to secure the clearing house, and another loan on the outside of $50,000. There are 1,700 depositors effected by the closing of the bank. Mr. Kilburn also said: "I closed the Murray Hill Bank because it was in an unfit condition, after consulting with the clearing house committee and the board of directors of the bank. The trouble is, as far as I am able to ascertain, that they have not sufficient money to do business, and no way of raising it without great sacrifice. It is my opinion that the depositors will be paid in full. I had a meeting with the directors this morning, and proposed to them that if they could raise $100,000 and put it into the assets I would allow them to continue. I found this impossible, and. believing that a further continuance of business would develop into a worse state of affairs, I deemed it advisable to close the bank at once."

2. August 12, 1896 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, August 12, 1896

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BRIEF TELEGRAMS. At the meeting of the Democratic national committee in New York yesterday it was resolved to appoint an executive and finance committee of 25 each, and a campaign committee of nine. The campaign committee is empowered to select permanent headquarters. West Virginia was represented by proxy in the person of O. Moore, The International chess tournament at Nuremberg is over. Prizes have been awarded as follows: First prize. Lasker; second prize. Maroczy: third and fourth prizes divided by Pilisbury and Tarrasch; fifth prize, Janowski: sixth prize, Stelnitz: seventh prize. divided by Schlecter and Walbrodt. At least three persons and possibly others were burned to death in a fire that destroyed n six-story brick buildIng at No. 465 Greenwich street, New York. yestérday afternoon. Several persons were injured by the smoke and heat and by jumping, and two of them are expected to die. According to commercial agent Moore, at Welmar. Germany, the consumption of rye bread in that country has materially decreased since 1S79, and that Imports of American wheat and flour are steadily on the increase. The Security bank of Duluth, Minn. closed its doors yesterday. Capital $100,000. Heavy withdrawals of depositore was the cause of suspension. John Thompson and Jay Leonard were killed by lightning nt Sandusky yesterday. They had steel augers in their hands at the time. Harry K. Brown. clerk of the Bullion and Exchange bank, Carson, Nevada, is missing and n defaulter to the amount of $75,000. George and Isane Ferguson, ten and eight years. drowned at Middletown. Their father, unable to swim. saw both drown. The Murray HIII bank. of New York, suspended yesterday. $1,250,000 are due its depositors. It is said all will be paid in full. The Kansas Republicans yesterday re-nominated Governor E. N. Morrill and endorsed the St. Louis platform. The private bank of L. D. Taylor & Co., Chicago, closed yesterday. Assets $150,000; liabilities $100,000. The Pittsburgh plate glass combine has suspended work at their factories.

3. August 12, 1896 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, August 12, 1896

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BANKS CLOSED. DULUTH, Minn., Aug. 11.-The Security bank, of Duluth, one of the largest state banks in the state, closed its doors this morning. This notice was posited: "Heavy and unlooked for withdrawals of deposits and the impossibility of making speedy collections compelled us to close our doors." The last statement of the bank deposits on July 22 were $329,324. Officials say they expect to pay the debts in full. NEW YORK, Aug. 11.-The Murray Hill bank, doing business on Third avenue, one of the oldest state banks in the city, has closed its doors. The notice states that the bank is closed pending an examination of its affairs. The bank has deposits of $1,250,000, which it is believed will be paid in full. It is understood the bank was compelled to suspend because it had to take a good deal of real estate for loans.

4. August 12, 1896 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, August 12, 1896

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BETTER STOCK TONE INTERVENTION OF AGGRESSIVE BULL LEADERSHIP PLAINLY TO BE SEEN. BEARS TOOK QUICK ALARM. RECOGNIZED A NEW AND POWERFUL INFLUENCE IN THE FIELD. SMALL CASH INVESTMENT ORDERS. In Addition to the Pool Support They Advanced Prices Sharply Before the Close. NEW YORK, Aug. 11.-The course of the stock market today clearly reflected the intervention of aggressive bull leadership, and the temper at the close of business much more cheerful than some time past. This theory was borne out by the failure of the determined effort made by the bears to emphasize several unfavorable developments, including the suspension of the Murray Hill bank, a disappointing exhibit by the St. Paul for the first week, a recurrence of stiff money rates and unsatisfactory government crop statistics. London was inclined to the bull side, owing to the smoothness with which the fortnightly settlement had progressed in the American department, and further weakness in the exchange market offset the comparatively high rates for money. A feature of the operations was again the execution of numerous small cash investment orders, and in addition to the pool support, the market was strengthened by heavy covering purchases by some of the bear leaders who appreciated the change in the speculative condition and turned abruptly. Business was on a fairly large scale, with Sugar and St. Paul leading, and was well distributed. The market opened strong and higher under the improved London prices and moderately extensive purchases by arbitrage houses, particularly in the low-priced international shares. The gains extended to sharp fractions, but the tendency towards improve. ment was soon checked by a vigorous drive by the bears. For a time this contingen': retained the advantage, and offered stocks freely. The depression was helped by realizations, but at the low point a new and powerful element in the speculation became evident, and all offerings were quickly absorbed. The unwieldly short interest immediately took fright and under heavy buying for both accounts prices advanced sharply all along the line. The closing was at the highest for the day. The bond market developed decided strength on speculative and investment purchases for local and foreign account. Some of the high-priced issues failed to share in the rise. but the exceptions were not important. The sales were $1,180,000. Governments ruled fractionally higher for the new 4s on purchases of $11,000. Silver certificates were steady at 683/4c for 4,000. The total sales of stocks today were 247,597 shares, including the following: Tobacco, 9,900; Atchison, 7,100; Sugar, 49,300; Burlington & Quincy, 17,900; Chicago Gas, 14,600; Manhattan, 7,800; L. & N., 8,700; Rock Island, 6,900; St. Paul, 33,300; Tennessee Coal, 3,400; Western Union, 14,000; W. & L. P., 3,900; Southern pfd, 3,500.

5. August 12, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, August 12, 1896

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NEW YORK MARKETS. The Stock Exchange. New York, Aug. 11-The course of the stock market clearly reflected the intervention of aggressive buil leadership, and the temper at the close of business was much more cheerful than for some time past. This theory was borne out by the failure of the determined efforts made by the bears to emphasise several unfaverable developments, including the suspension of the Murray Hill bank. a disappointing exhibit by the St. Paul for the first week, recurrence of stiff money rates and unsatisfactory government crop statistics. London was inclined to the bull side, owing to the smoothness with which the fortnightly settlement has progressed in the American department, and further weakness in the exchange market offset the comparatively high rates for money. Conflience in an early amicable arrangement as to rates between the Southern roads was also expressed. A feature of operations was again the execution of numerous small cash investment orders, and in addition to the pool supply, the market was strengthened by the heavy covering purchases by some of the bear leaders, who appreciated the change in the speculative conditions and turned abruptly. Business was on a fairly large scale, with Sugar and St. Paul leading, and was well distributed. The market opened strong and higher, but the tendency toward Improvement was soon checked by a vigorous drive by the bears' announcement of the suspension of the Murray Hill bank. In the resulting declines Northwest dropped 2%, to 86% and Sugar 1½ per cent. The unwieldy short interest immediately took fright, and under heavy buying for both accounts prices advanced 3% per cent. In Sugar the stock touched 100%. Northwest rose 4 per cent. The closing was at the highest prices of the day .The bond market developed decided strength on speculative and investment purchases for local and foreign account. Sales, $1,180,000. Governments ruled fractionally higher for the new 4s, on purchases of $11,000. Silver certificates were steady, at 68% for $4,000. Money and Exchange. Money on call, firm at 3@6 per cent.; closed 4; prime mercantile paper, 616@716 per cent. Sterling exchange easy, with actual business in bankers' bills at $4,87% @4.87% for demand and $4.88@4.88% for 60 days; posted rates, $4.874@4.89 and $4,88@) 48916; commercial bills, $4.87. Silver certificates, 68%@68%c.

6. August 12, 1896 The News & Observer Raleigh, NC
Article from The News & Observer, August 12, 1896

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NEW YORK STOCK MARKET. New York, Aug. 11.-The course of the stock market to-day clearly reflected the intervention of aggressive bull leadership and at the close of business was much more cheerful than for some time past. The theory was borne out by the failure of the determined efforts adopted by the bears to emphasize several unfavorable developments including the suspension of the Murray Hill bank, a disappointing exhibit by the St. Paul for the first week, a recurrence of stiff money rates and unsatisfactory government crop statistics. London was inclined to the bull side owing to the smoothness with which the fortnightly settlement was progressing in the American department and further weakness in the exchange market offset the comparatively high rates for money. The closing was at the highest prices of the day. The bond market developed decided strength on speculative and investment purchases for local and foreign account. *Some of the high priced issues. failed to share in the rise, but the exceptions were not important. The sales were $1,180,000. Governments ruled fractionally higher for the new 4's on purchases of $11,000 Tennessee settlement thirds were featured by a jump of 41/2 per cent to 781/2 on dealings of $12,000. Silver certificates were steady ait 683/4 for $4,000. New York, August 11:-Money on call, firm, at 3@6 per cent; last loan, 4, closed 4. Prime merchantile paper, 61/2@71/2; per cent. Sterling exchange easy, with actual business in bankers'

7. August 12, 1896 Wheeling Register Wheeling, WV
Article from Wheeling Register, August 12, 1896

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# STATES-DULL. # RAILROADS-STRONG. # STOCKS Stocks-The course of the stock market to-day clearly reflected the intervention of aggressive bull leadership and the temper at the close of business was much more cheerful than for some time past. This theory was borne out by the failure of the determined efforts made by the bears to emphasize several unfavorable developments, including the suspension of the Murray Hill Bank, a disappointing exhibit by St. Paul for the first week, a recurrence of stiff money rates and un-satisfactory government crop statistics. London was inclined to the bull side of the market owing to the smoothness with which the fortnightly settlement was progressing in the American department and further weakness in the exchange market offset the comparatively high high rates for money. Confidence in an early amicable arrangement as to rates between the Southern roads was also ex-pressed. A feature of the operations was against the execution of numerous small cash investment orders and in addition to the pool support the market was strength-ened by heavy covering purchases by some of the bear leaders who appreciated the change in the speculative conditions and turned abruptly. The business was on a fairly large scale, with Sugar and St. Paul leading, and was well distribu-ted. The market opened strong and high-er under the improved London prices and moderately extensive purchases by arbi-trage houses, particularly in the 1 ow priced international shares. The gains extended to sharp fractions but the ten-dency toward improvement was quickly checked by a vigorous drive by the bears on the announcement of the suspension of the Murray Hill Bank. For a time this contingent retained the advantage and offered stocks freely. The depression was helped by realizing but at the low point a new and powerful element became evi-dent and all offerings were quickly ab-sorbed. The unwieldly short interest im-mediately took fright and under heavy buying for both accounts prices advanced sharply all along the line. The extreme rally extended to 34 per cent. in Sugar, the stock touching 100%. Tobacco 3. The closing was at the highest price of the day. Total sales of stocks, 247,597 shares. Quotations closed bid:, Atchison 10½ Adams Express 140 Alton and Terre Haute 54 Do preferred 105 American Express 15½ Baltimore and Ohlo... 56 Canada Pacific 43½ Canada Southern 13 Central Pacific 134 Chesapeake and Ohlo 146 Chicago and Alton 56% Chicago, Burlington and Quincy 5036 Chicago Gas 1164 Delaware and Hudson 138 Delaware, Lackawanna and Western. Denver and Rio Grande preferred. 394 Distillers and Cattle Feeders Co.... 12½ Erie 28 Do 1st preferred 15 Do 2d preferred 160 Fort Wayne 23% General Electric 846 Illinois Central 137 Lake Shore..... 85 Michigan Central 16 Missouri Pacific 3½ National Cordage 6½ Do preferred 904 New Jersey Central 12½ Norfolk and Western preferred 376 Northern Pacific 11 Do preferred 9036 Northwestern 144 Do preferred 90½ New York Central 35 New York and New England 174 Pacific Mail 1½ Peoria, Decatur and Evansville 150 Pittsburg 139 Pullman Palace 91% Reading 53 Rock Island 6416 St. Louis and San Francisco 1st pfd.. Do preferred 1206 St. Paul 16 Southern Pacific 16% Tennessee Coal and Iron 6 Texas Pacific 5% Union Pacific 30 United States Express. 76% Western Union ...... 614 Wheeling and Lake Erie 21 Do preferred

8. August 13, 1896 The Providence News Providence, RI
Article from The Providence News, August 13, 1896

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TELEGRAPHIC BREVITIES. Herr Otto Lilienthal, the "Flying Man," was killed near Berlin. Thirty postoffices of the country show a gain in receipts over July, 1895. Great Britain has claimed and seized a rich section of Alaskan territory. An electric railway it to be built between New York and Philadelphia. The Turkish government refuses to make any concessions to the Cretans. It appears not impossible that the Murray Hill bank may resume business. Barbarities of Japanese troops toward the inhabitants of Formosa are reported. There is a strong sentiment apparent in Cuba for annexation to the United States. The gold withdrawals yesterday were $167,300, leaving the gold reserve $106,794,954. The Burlington road is to establish a daily newspaper, printed and published on their trains. The sultan has conferred upon Miss Clara Barton the emblem of the second class of the Order of Chofakat. The suspension of F. A. Phillips of the New York Consolidated Exchange has been announced. The failure is of minor importance. Present indications are that Li Hung Chang will visit President Cleveland, if he sees him at all, at Gray Gables, or in that vicinity.

9. August 14, 1896 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, August 14, 1896

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bond of $200,000. The liabilities of the firm are $517,000 and the nominal assets $819,000. They are controlling stockholders in the Olympic Cycle Manufacturing Company. NEW YORK, N. Y., Aug. I3.-A corps of clerks and officials is busy on the books of the closed Murray Hill Bank. Superintendent of Banks Kilburn said that his report would not be ready for two days yet, and if in the meantime the bank should raise the stipulated $100,000 he would permit it to resume business. Victor Freund, a director of the bank, has offered to contribute $50,000, provided the bank officials raise the remaining $50,000. INDIANAPOLIS, IND., Aug. 13.-Special Judge Hammond of the Circuit Court appointed P. C. Tresier receiver of the Union National Bank and Loan Association. The association was one of the largest in the State, having assests of over $500,000.

10. August 14, 1896 New-York Tribune New York, NY
Article from New-York Tribune, August 14, 1896

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FOURTEEN PAGES. THE NEWS THIS MORNING. FOREIGN.-The House of Lords agreed to the House of Commons reamendments of the Irish Land bill, and the measure will now beValkyrie III has reached the come a law. Sir John Millais, the painter, other side. president of the Royal Academy, died in LonDr. Nansen, the Arctic explorer, ardon. rived at Vordöe, one of the islands of Norway; he had reached 85 degrees 14 minutes north latitude. DOMESTIC.-Major McKinley addressed a visiting delegation of old soldiers on the disappearance of sectionalism from this country, Congressman Galusha A. Grow spoke on silver in Towanda, Penn. The Pennsylvania State Democratic Committee met at Harrisburg, accepted the resignation of Chairman Wright, and voted to reconvene the Conrention. Hovey and Hobart won the Eastern championship in lawn tennis doubles at Cooper defeated Bald Narragansett Pier. in the two-mile National championship bicycle race at Louisville. CITY AND SUBURBAN.-There was a general feeling of relief among. business men over the failure of W. J. Bryan's speech on Wednesday evening; the stock market was strong; a reception by Mr. and Mrs. Bryan at the Windsor was attended by a small number of persons, and the Democratic managers were reported to be The weather was thoroughly disheartened. cooler, and the record of deaths and prostrations from the heat was not so large as on WednesThe Board of Estimate appropriated day. The sus$5,000 for free ice for the poor. pension of the jewelry house of S. F. Myers & Co., and proceedings for its dissolution were A said to be due to the silver agitation. plan for the reorganization of the Murray Hill Bank was adopted by the directors and stockholders and approved at a meeting of depositors. "The New-York Times" was sold in a formal proceeding. The Brooklyn baseball team defeated the Baltimore nine, and were deStocks feated by them. at Eastern Park. were strong and higher. THE WEATHER.-Forecast for to-day: Cooler: probably severe local thunderstorms, followed by clearing weather. Temperature yesterday: Highest, 94 degrees; lowest, 80; average, 86%.

11. August 19, 1896 New-York Tribune New York, NY
Article from New-York Tribune, August 19, 1896

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PLAN OF REORGANIZATION ADOPTED. SCHEME OF THE DEPOSITORS TO SAVE THE MURRAY HILL BANK. About seven hundred and fifty depositors of the Murray Hill Bank met in Renwick Hall, Eightysixth-st. and Third-ave., last night to discuss a plan proposed by the committee of depositors selected some few days ago, whereby the bank might be saved from going into the hands of a receiver. The proposed plan of reorganization was adopted. James G. Patton was chairman and Lewis Z. Bach acted as secretary. Samuel Untermyer, of the depositors' committee, explained the plan as agreed upon by the committee. "The main feature of the project," he said, "is that the directors of the bank should put into the bank $50,000 as a contribution. The stockholders surrender one-half of their stock, amounting to $50,000, and they get nothing for that surrender. No stockholder, director, debtor or any representative of the bank will get anything from this arrangement. You simply cancel 50 per cent of the bank's debt. taking the other 50 per cent in stock. "The bank has more than enough to pay the 50 per cent, but not enough to pay all. The bank has securities on which It cannot now realize, and if it went into the hands of a receiver these securities would have to be sacrificed. It is the duty of the depositors to see that the securities are not sacrificed." There was some discussion over the plan, but it was finally adopted by nearly a unanimous vote.

12. August 20, 1896 New-York Tribune New York, NY
Article from New-York Tribune, August 20, 1896

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FUTURE OF THE MURRAY HILL BANK. EFFORTS TO RAISE THE FUNDS NECESSARY UNDER THE REORGANIZATION PLAN. The officers and directors of the Murray Hill Bank, after the ratification of the plan submitted to a mass-meeting of the depositors Tuesday evening, were yesterday busily engaged in looking for the $100,000 cash which they are pledged, according to the plan, to raise. For an insolvent bank to raise that amount is not the work of a moment, and patience on the part of all concerned will be required. President Hopkins, Mr. Smith, the receiving teller, and Samuel Untemyer, counsel for the bank, were all hopeful of the ultimate outcome of their efforts. Mr. Kilburn, Superintendent of Banking, believes the bank can be rehabilitated. He is not pressing the matter of a receivership, and can delay doing so as long as he sees a possibility of the bank's securing the $100,000 cash necessary to resume. The plan which has been ratified by the depositors and stockholders is being sent out to all of them for signatures. President Hopkins is conservative in his statements, and was unwilling to say yesterday just when he thought the bank would resume, if he and the directors succeeded in their work. Asked if it would be within a month he said: "Oh, it has got to be sooner than that." No more definite statement could be gotten from him. The bank is now in charge of the bank examiner, who is still at work on the assets and liabilities, a revised list of which will probably be ready by the end of the week. President Hopkins said that after the settlement of the Clearing House exchanges, on his rough estimate, the assets exceeded the liabilities to depositors by $200,000.

13. August 21, 1896 The United Opinion Bradford, VT
Article from The United Opinion, August 21, 1896

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THE WEEK'S NEWS. THURSDAY, AUG. 13. Bryan and Sewall notification meeting in New York-Many prostrations and deaths from heat reported—-House of commons supported government on Irish land bill amendments-Betting ? to I against Bryan in New YorkNew E :;land silver Democrats hope to Indnce Bryan to make spee in Massachusetts and Connecticut — San Francisco banks reluctant to receive deposits of silver-Mail carrier killed by train at Hyde Park, Mass--------------------- Streets n laid out in 7500 acres of woodland in Dorchester, nominated for superintendent of public instruction in Michigan declared ineligible-publicans of western Vermont opened their campaign at Rutland-Youthful at would-be train wrecker caught New Canaan, Conn-Jake Kilrain matched to fight Frank Slavin---Herr Otto Lilienthal, the "Flying Man," killed near Berkin-Electric railway to be built between New York and Philadelphia-Thirty postoffices of the country show a gain in receipts over July, 1895-It appears not impossible that the Murray Hill bank may resume business-Great Britain claimed and seized rich section of Alaskan territorya Barbarities of Japanese troops toward the inhabitants of Formosa reported -Strong sentiment apparent in Cuba for annexation to the United States Purlington road to establish a daily newspaper, printed and published on their trains— S. Sanborn & Co., shoe manufacturers, Lynn, Mass., failed, with estimated liabilities of $75,000-Turkish government refuses to make any concessions to the Cretans—J. F. Ober, Boston architect, died suddenly a Sultan conferred upon Miss Clara Barton the emblem of the second class of the Order of the Chofakat—Clifford Hale, aged 15, drowned at Newburyport, Mass --James A. Hagley, aged 16, killed on the Consolidated road at Hyde Park, Mass-The Neal Morse company of Boston, dealers in woolens, assigned. No figures given out. FRIDAY, AUG. 14. Cool wave brought relief to suffering New Yorkers-Reception at New York by Mr. and Mrs. Bryan very slimly attended-Dr. Nansen, the explorer, arrived at Vardoe, off Finmark, on his return trip-Irish land bill will become a law, as amended-Colonel A. C. Drinkwater of Braintree, Mass., is a candidate for congressional honors— Whitehead of Cambridge, Mass., won the senior singles at the Saratoga regatta -Griffo, the pugilist, sent to prison for a year for assault-Tom Butler, Nat Butler and Cooper won chief races of the L A. W. meet-Maine gold standard Democrats issue a call for a mass convention-John Teague drowned while bathing in Lowell, Mass— Two West Point cadets dismissed for hazing-Mary Foster, the missing Lancaster (Mass.) girl, found in Fitchburg-Further ourtailment probable in Fall River (Mass.) mills-Two jewelry failures in New York-Italian minister ordered to Washington to investigate reported lynching in New Orleans Vest makers' strike in New York to be called off - Withdrawal from Knights of Labor of Window Glass Workers' association of the United States Big labor demonstration in Lynn, Mass. Parade of locked-out lasters of Thomas G Plant Shoe company Manhanset House, Shelter island, damaged $200,000 by fire-Death of exSenator Gibson of Chicopee, Mass— Field Marshal Yamagata has returned to Japan-Three dynamiters to be released from an English prison-Patrick C. Keely, the famous architect, died in Brooklyn-Cuban junta negotiating for the purchase of a fast ocean tug-Edward J. Howard of Bocton arrested at Portland, Me., on a charge of forgery -Yaqui Indians attacked the Mexicans on the southern Arizona boundary line-Eastern railroads must reduce freight rates if they would ho'd the western grain traffic-Mercer county, N. J., failed to dispose of its bonds, which are not, in terms, payable in gold -Rev. Edward J. Sheridan, pastor of St. Mary's church, Taunton, Mass., for a quarter of a century, is dead-Sir John Everett Millais, president of the Royal academy, died in London. SATURDAY, AUG. 15. Bryan's friends complain that he is being too much managed-Probability that McKinley will take the stump himself-Republican national committee to distribute 1,000,000 copies of Blaine's anti-silver speech Niagara Falls special train collided with a handcar near Falls Village, Conn.; section foreman killed-John Mueller, a New Jersey farmer, thought to have been murdered by his wife-President objects to hazing at the military academy at West Point-Deaths caused by the excessive heat in New York are estimated at nearly 1000-Push cart venders of stale fruit and vegetables raided by New York police-Four men shot, 11v in labor affray at Cleve-

14. August 21, 1896 New-York Tribune New York, NY
Article from New-York Tribune, August 21, 1896

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THE MURRAY HILL BANK. MR. UNTERMYER TAKING THE STEPS NECESSARY TO MAKE RESUMPTION POSSIBLE. Samuel Untermyer, counsel for the temporary organization of the depositors of the suspended Murray Hill Bank, yesterday continued sending out to the depositors for signature the statement of the plan proposed by their committee, which was ratified by them in open meeting. Mr. Untermyer calls upon them for immediate action. as delay might jeopardize their interests. When the signatures are obtained the matter will be brought before the Board of Directors, who have promised $50,000 toward rehabilitating the bank. When their promise has been made good and the other cash necessary for resumption raised, the Superintendent of Banking, Mr. Kilburn, will be informed, and if he is satisfied, will so make his report to the State Attorney-General, and the bank will doubtless be allowed to resume. If it does, changes in its management will take place. There is already on foot a movement among the depositors, for whom Mr. Untermyer is acting, to elect an entirely new board of directors. It is also expected that President Hopkins, who assumed the management of the bank unwillingly, but whose administration has been highly indorsed, will step out and a new president will be elected. No man has yet been decided on for the position.

15. August 22, 1896 New-York Tribune New York, NY
Article from New-York Tribune, August 22, 1896

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MURRAY HILL BANK REORGANIZATION. The signatures to the plan sent out to depositors for the reorganization of the Murray Hill Bank are coming in faster than had been looked for. The statement published in yesterday's Tribune that there would be an entire new Board of Directors elected and that President Hopkins would step out In case of resumption was verified yesterday. The Superintendent of Banking. F. D. Kilburn, is away at present and will not return to the city until next Friday. Meanwhile no steps can be taken toward appointing a receiver for the bank, and by the time of his return the bank's officers fully expect to have completed the preliminaries for resumption.

16. September 19, 1896 New-York Tribune New York, NY
Article from New-York Tribune, September 19, 1896

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THE CONFLICT OF JURISDICTION. JUSTICE TRUAX RESERVES DECISION ON THE MURRAY HILL BANK TROUBLE. An application was made to Justice Truax in Special Term. Part I, of the Supreme Court, yesterday, by Samuel Untermyer, on behalf of the directors and stockholders of the Murray Hill Bank, for an order directing the State Bank Superintendent to turn over to Spencer Trask and Miles M. O'Brien, as receivers, the assets of the Murray Hill Bank. Trask and O'Brien were appointed receivers about two weeks ago by Justice Pryor in the Supreme Court in this city. On Thursday Justice Dickey, in the Supreme Court, Brooklyn, signed an order appointing Edward H. Hobbs, of Brooklyn, and Benjamin B. Odell, Jr., of Newburg, temporary receivers, with bonds in $100,000. This creation of two sets of receivers resulted in the application made by Mr. Untermyer yesterday, and counsel said that the mation would be followed by an application to punish Bank Superintendent Kilburn for contempt of court. Mr. Untermyer, in presenting his application, severely criticised the action of Bank Superintendent Kilburn, and commented upon the conduct of the public officials in making the application to Justice Dickey after they had been defeated on the same points before Justice Pryor. He said that on August 11 the Bank Superintendent closed the bank and began an investigation. Thereupon the depositors met and appointed a committee to represent their interests and take steps to reorganize the bank, If this were possible, and, if not, then the committee was to protect the interests of the depositors in the appointment of receivers. Superintendent Kilburn took no steps in the direction of applying for receivers, he said, and on August 28 a majority of the directors of the bank made such application upon notice to the AttorneyGeneral. On the return day of this order the Bank Superintendent and the Attorney-General appeared before Justice Pryor and objected to the appointment of the receivers on technical legal grounds. The objections were overruled by Justice Pryor, who appointed Messrs. Trask and O'Brien receivers. The receivers gave bond, and demanded possession of the assets of the bank from Superintendent Kilburn. who kept them waiting, upon various grounds, for more than two weeks. Meantime the Attorney-General began an independent action for the same purpose to have receivers appointed, and applied to Justice Dickey, ignoring the receivers that had been appointed by Justice Pryor. A vigorous protest was made before Justice Dickey against interfering with Justice Pryor's order appointing receivers. On Thursday Justice Dickey appointed Hobbs and Odell receivers, and the Bank Superintendent handed over the assets to them. he avers. After argument by counsel on both sides, Justice Truax remarked that he would do what could properly be done to enforce Justice Pryor's order, and that the main question was whether the receivers appointed by Justice Pryor could enforce the order until the appeal had been decided. Final decision was reserved.

17. October 11, 1896 New-York Tribune New York, NY
Article from New-York Tribune, October 11, 1896

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RECEIVERS WHO CAN'T RECEIVE. UNSUCCESSFUL EFFORT TO GET HOLD OF MURRAY HILL BANK ASSETS. Newburg, N. Y., Oct. 10.-Before Justice William D. Dickey, in Supreme Court Chambers, this morning, Senator Mullin asked, in behalf of Congressman Odell and Mr. Hobbs, receivers of the Murray Hill Bank, New-York City, that certain securities and money belonging to that institution be turned over to the receivers by the First National Bank, Fifth Avenue Bank and the National Bank of Commerce, of New-York. - Counsel for the three banks declared they had no interest in either of the two sets of receivers of the Murray Hill Bank, but they wished to have their banks protected, so that there would be no possibility of their being compelled to pay the whole amount a second time. Judge Dickey decided that no such summary disposition of the matter could be made, and he denied Senator Mullin's motion. Demand may be made upon the banks to turn over the funds, and then, If this is not done, suit may be instituted.

18. November 7, 1896 The Sun New York, NY
Article from The Sun, November 7, 1896

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MURRAY HILL BANK RECEIVERS. Appellate Division Criticlses the AttorneyGeneral, but His Men Keep the Assets. The Appellate Division of the Supreme Court has upheld Justice Pryor's appointment of Miles M. O'Brien and Spencer Trask as temporary receivers of the Murray Hill Bank. This appointment was madeon the application of the directors of the bank. The Attorney-General had other receivers appointed by Justice Dickey. The Court say that the interests of creditors "seem to be seriously imperilled by the institution of an unnecessary proceeding by the Attornev-General, out of which appears to have arisen an unseemly dispute between him and the officers of this bank as to the method of procedure by which this corporation 18 to be dissolved and its property applied to the payment of its debts. This should not be encouraged. It is the duty of the court to protect the interests of the creditors of an insolvent corporation. and not to allow its assets to be wasted through a dispute between receivers appointed in different actions." In another branch of the same matter the court upheld Justice Truax. who had denied a motion made by receivers O'Brien and Trask to compel State Superintendent of Banks Kilburn to turn over to them the assets.

19. December 2, 1896 The Sun New York, NY
Article from The Sun, December 2, 1896

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THE MURRAY HILL BANK. The Appellate Division Again Overrules Justice Dickey. The Appellate Division of the Supreme Court in Brooklyn granted the application yesterday of the directors of the Murray Hill Bank for a modification of Justice Dickey's order in the matter of the receivers so that it may comply with the decision of the Appellate Division. Justice Dickey's order must be so modified as to provide that the plaintiff have judgment only for the dissolution of the corporation. with leave to apply hereafter for the appointment of receivers in case of the entry of an order in the voluntary proceedings, now pending in the First Judicial district. directing the discontinuance or dismissal of those proceedings. This action of the Appellate Court again practically overrules Justice Dickey in the appointment of Edward H. Hobbes and Benjamin B. Odell. Jr., as temporary receivers after Justice Pryor had appointed Spencer Trask and Miles M. O'Brien as receivers.

20. January 16, 1897 New-York Tribune New York, NY
Article from New-York Tribune, January 16, 1897

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LEGAL INTELLIGENCE. PROCEEDINGS IN LOCAL COURTS. Mr. Hotchkiss, representing 83 per cent of the depositors of the Murray Hill Bank. asked Justice Beach, in the Supreme Court yesterday, to appoint a referee in place of the present receivers, Messrs. Trask and O'Brien. It was alleged that the depositors wanted to reopen the bank, and that the assets could be more economically administered by a referee than by receivers. Deputy Attorney-General Kisselburg asked until Tuesday to look into the case, and an adjournment was taken to that date.

21. June 9, 1897 New-York Tribune New York, NY
Article from New-York Tribune, June 9, 1897

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OTHER IMPORTANT DECISIONS. THE MURRAY HILL BANK RECEIVERS-BROOKLYN CIVIL SERVICE CASE. Albany, June 8.-The Court of Appeals has decided with the Attorney-General in the matter of the dissolution of the Murray Hill Bank. The appeal was made by Spencer Trask and Miles M. O'Brien as receivers of the Murray Hill Bank, appointed by a final order January 9, 1897, and by a committee of the depositors representing about $500,000 of claims, from an order of the Appellate Division of the Supreme Sourt reversing the final order of Justice Andrews, which directed the dissolution of the Murray Hill Bank and appointed Trask and O'Brien permanent receivers, and denied the application of AttorneyGeneral Hancock to dismiss this proceeding. The Murray Hill Bank was closed on August 11, 1896, by order of the Bank Superintendent, who also directed the Attorney-General to institute proceedings necessary to wind up its affairs. He requested Mr. Hancock to defer the beginning of proceedings for a reasonable time, to give the directors time to restore the impairment of about $260,000. It was contended that this delay was not asked for in good faith, as it appears that shortly after the doors of the bank were closed the president and various directors consulted with the bank's attorney, James McGregor Smith, and began the present proceeding. The Attorney-General and Bank Superintendent held that these voluntary proceedings could not be instituted for a dissolution of the corporation and for an administration of its affaiars, for the reason that the Superintendent of Banks had taken possession of the bank. The Appellate Division, First Department, decided against the Attorney-General and sustained these proceedings. Another action was begun in the Second Department, and an order appointing Edward H. Hobbs, of Brooklyn, and Benjamin B. Odell, jr., of Newburg, receivers. The Appellate Division of the Second Department reversed the order, and an order directing them to pay over the assets to Spencer Trask was also reversed by the Appellate Division of First Department. The various contentions were also brought before a referee, who found the bank insolvent. and reported that it should be dissolved by a final order in such proceedings. The report of the referee was confirmed on January 19, 1897, by Judge Andrews, whose decision was reversed by the Appellate Division, First Department, but which is now sustained by the Court of Appeals. A decision was handed down dismissing the motion made to reopen the Brooklyn Civil Service case, in the decision of which Judge Haight wrote the prevailing opinion, making more open the confidential non-competitive class. The original suit was dismissed by the Court of Appeals on April 20, after having been sustained by both the Supreme Court of this department and the Appellate Division. Justice Haight's opinion was concurred in by Justices Bartlett, Martin and Vann. Two dissenting opinions were handed down at the same time, one by Justice Gray, Chief Justice Andrews concurring, and another by Justice O'Brien. The motion to reopen was asked for by Edward M. Shepard, J. Warren Greene and Henry Yonge, counsel for the plaintiffs. The Court dismissed the complaint of Martha Keery against John F. Dimon, executor of the will of Stephen C. Dimon, who died in New-York City on January 12. 1893, leaving personal property of the value of $25,000 and'a seventh interest in the property bounded by Third and Fourth and Lewis sts. and the East River, the value of which is placed at about $500,000. Dimon was an eccentric bachelor. For eight years he had lived in the furnished-room house kept by Mrs. Keery, at No. 117 West Fortyseventh-st. For several years prior to his death he had not been on friendly terms with his relatives. and it is stated that he declared that none of them would receive a dollar of his fortune. Mrs. Keery averred that he made a will in her favor about September, 1884. She declares that she saw the will and that Mr. Dimon told her to read it carefully. as he intended that she should have all of his property. After his death Mrs. Keery secured permission from the Court for an inspection of the contents of boxes in the Mercantile Safe Deposit Company and the American Safe Deposit Company, but no will could be found. She said that the will had been lost or destroyed by accident or design. A decision of absolute judgment was rendered in favor of Clifford Wharton and the National Tube Company against Adam S. Matheson and another as receivers of the American Tube and Iron Company.

22. December 4, 1898 New-York Tribune New York, NY
Article from New-York Tribune, December 4, 1898

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# A PETITION IN BANKRUPTCY. Thomas Graham, architect, of No. 1,238 Madison-ave., has filed a voluntary petition in bankruptcy with liabilities $36,439 and no avaliable assets. There are sixty-six creditors, nineteen of whom have their claims in judgment, the largest judgment being for $14.235, in favor of B. B. Odell, jr., and Edward H. Hobbs, as receivers of the Murray Hill Bank on discounted notes. Mr. Graham was formerly for many years engaged in building opera-tions.

23. December 4, 1898 New-York Tribune New York, NY
Article from New-York Tribune, December 4, 1898

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No. 23. In all these Masonic bodies he takes a lively interest, and is held in the highest esteem by the members. His business is that of banking. He is at present employed as paying teller of the Colonial Trust Company, at Broadway and Ann-st. For many years he held a responsible position in the Murray Hill Bank, where he displayed remarkable ability and was held in the highest esteem by the officers and directors of this bank, and when the financial difficulties arose by which this institution was forced to the wall he fought off single-handed the contemplated receivership, and, calling a meeting of all the depositors, of over eighteen hundred more than two-thirds were present, and 90 per cent of the money value sustained him. So firmly were they convinced of his ability and his stern integrity that they all signed to continue business in charge of Bro. Smith, but the courts ruled otherwise, and receivers were appointed, and while he had fought them off, still they begged him to remain and assist them in the affairs of the liquidation, knowing his skill and ability would be of great value to them and all interested parties, and he remained with them for over one year, to the entire satisfaction of the receivers as well as the depositors. The brother is a member of New-York Council, Royal Arcanum, member of the Legion of Honor, and was for many years a member of Chelsea Section, Sons of Temperance, and successfully assisted in bringing renown and prosperity to this organization. About one hundred of these graduated into Masonry, and many of them were called to the East of their several lodges. Bro. Smith is happily married, and has a bright and pleasant future before him.