Colonial Trust Company (Waterbury, CT)

Episode Information

Episode UID
51008071599
Episode Type
Suspension β†’ Reopening
Bank Type
trust
Bank ID
5100807 routing
Routing Number
51-0080
Start Date
March 6, 1933
Location
Waterbury, Connecticut (41.558, -73.051)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7d6d5595752e1b1d

Response Measures

None

Events (1)

1. March 6, 1933 Suspension
Cause
Government Action
Cause Details
National/state banking holiday and related bank closures in early March 1933 (banks closed and arrangements for scrip/clearing made).
Newspaper Excerpt
Whether scrip will never be used in this city and whether the banks will reopen for general business Friday, Saturday or next Monday morning will be known within the next 24 or 48 hours.
Source
newspapers

Newspaper Articles (7)

Article from The Waterbury Democrat, September 30, 1932

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THEODORE NUHN NAMED RECEIVER OF GLORIA APTS Colonial Trust Seeks Foreclosure in $70,000 Action Against Meriden ManTheodore F. Nuhn was appointed receiver for the collection of rents in the Gloria apartments on Grove street this morning in connection with the $70,000 foreclosure action of the Colonial Trust Co., trustee, against Hoskar Frank of Meriden. The Trust company is trustee under the will of Henry H. Peck for the Waterbury hospital The complaint alleges that the foreclosure is sought on a note for $70,000 dated July 9, 1923 from Patrick H. Carroll. The defendant, Frank, got title to the apartments by a foreclosure dated March 23, 1932. Notes are alleged to be in default payment. Carmody & Thoms appears for the plaintiff. Judge Allyn L. Brown granted the receivership in superior court.


Article from The Waterbury Democrat, February 22, 1933

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Deal With Four Merchants Trust Receivership Gertrude E. Hamilton Seeks Separation From Clarence Hamilton on Grounds of Intolerable Cruelty / Hearing in Palomba Receivership Also Due Friday receiver; payment of balance in reTwenty-two motions and one celver's hands; acceptance of reuncontested divorce action are celver's account and discharge of stated for hearings before Judge receiver. Frederick M? Peasley at the short Other motions Include: Elvira calendar session of the superior Naclerio against Joseph J. Naccourt Friday morning. Four of lerio, alimony pendente lite: Colothe civil motions deal with the renial Trust company against Hosceivership of the Merchants Trust kar Frank, acceptance of receivcompany. The divorce decree is er's account. allowance and dissought by Gertrude E. Hamilton charge of receiver: Waterbury against William Clarence Hamil. Savings Bank against Grace E. ton. on grounds of intolerable Chapin. and others, advice and accruelty. The plaintiff also seeks a ceptance of receiver's account: Jochange of name. seph W. Hubbard, administrator, The motions affecting the Meragainst George A. Boomer, judgchants Trust company ask instrucment: Mary Crean against Julia C. tions as to the set off in favor of Brady, judgment; Waterbury NaBernard Shryer: instructions with tional Bank against Paul Kampregard to the collection of demand ner, acceptance of receiver's acnotes: Instructions as to the recount. allowance to receiver, order demption of a foreclosure judgdisbursing funds and discharge of ment in the case of Munson receiver of rentx: Caroline A. Platt against Klimer and the last motion against Walter D. Makepeace, disasks instructions as to the offer closure of defense, judgment of of the First Lutheran church In foreclosure and judgment of foreregard to liquidating its first mortclosure by decre eof sale: Ellzgage by turning over deposits and abeth Merkowacz, appeal from cash to the receiver, the Citizens compensation commissioner, judg& Manufacturers National Bank. ment for failure to file reasons of Other matters of Importance to apepal; William J. Munson against come up Friday include the reStantslav Klimer, reopen judgment ceivership action of the Colonial for the purpose of extending law Trust company against the Charles day for Bertha K. Shiller and reWilliam Palomba company in ceiver of Merchants Trust comwhich the following motions are pany. stated to be heard: allowance to


Article from The Waterbury Democrat, March 8, 1933

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Payroll Checks Issued To-day (Continued from Page 1) bury banks will issue scrip remains to be determined. Austin L. Adams president of the Colonial Trust Company returned to Waterbury today from New York, where he arranged for the issuance of scrip to the local clearing house if needed. He is one of the committee of three bankers chosen at Monday's meeting to make all necessary arrangements for a substitute for currency, if the occasion warrants it. No decision will be given out until congress convenes tomorrow. Whether scrip will never be used in this city and whether the banks will reopen for general business Friday, Saturday or next Monday morning will be known within the next 24 or 48 hours. The Merchants Bureau of the Chamber of Commerce were notified today again as to what was expected of them. They are expected to accept factory payroll checks and those issued by the city of Waterbury up to a reasonable amount in exchange for merchandise or in payment of a bill. They are to be provided with sufficient fluid currency to carry on their business. They will be able to obtain cash daily during the emergency at the Menchants Trust company, but it will be a cash-for-cash proposition. No checks will be accepted for cash. To co-operate with the merchants the city of Waterbury and the factories issue checks ranging from $1 to $20. Most of the checks, however, are $1, $5 and $10. Merchants are expected to return the checks as change in any transaction. The whole arrangement is expected to be only of a few days duration. All banks are expected to be open for general business not later than Monday and they will take over the task of cashing of all payroll checks. The question has been asked thousands of times to the effect, what does a person receive for change if he makes a purchase and gives a check for $1 to a storekeeper in payment of an article valued at 30 cents. He will receive 70 cents back in quarters nickels, dimes or what the merchant has conveniently at hand. He is not obliged to take any credit slip or a specially devised scrip for use only in that particular store. If a merchant wishes to carry on business he is expected to carry sufficient change and to be reasonable in his dealings. The New Haven railroad owing to the conditions resulting from the bank holiday has announced a curtailment of service throughout New England. Busses running between Waterbury and New Haven on the New England Transportation company's lines are also affeeted.


Article from The Waterbury Democrat, May 1, 1933

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Superior Court To Be Busy To-morrow; Both Sides Open Court House Still Hums With Discussion of Illegality of Grand Jury That Sat Last Week - Guilfoile Reinstatement Hearing Also Scheduled for To= morrow While the grand jury is out, Superior court here will be a Judge Booth is expected to preside busy place tomorrow when crimat a hearing in which the reinstateinal and civil matters come before ment of Attorney Joseph C. GuilJudge John Richards Booth. Of prime importance will be the refoile will be held. Attorney Wilsitting of a new grand jury on the liam E. Thoms will present the peEleanor Saddler case, scheduled for tition, assisted by Attorney Fran10 o'clock, daylight time. cis P. Guilfoile. Attorney Patrick The personnal of this grand jury Healey and Attorney L. L. Lewis is expected to be entirely different are expected to offer no opposition from the body that sat at the first to the petition, as representatives hearing and whose finding was deof the county and state. clared illegal because of a nonJudge Booth will also hear the county elector included among issues in the petition brought by them. the Colonial Trust Co asking that Officials of the court house and the Hotel Waterbury, Inc, which is the older of practicing attorneys in receivership, vacate the premises here state it is the first time that at its present site on West Main such an event has taken place. The street. grand jury that sat at the first Another matter to come before hearing took over two hours before the court is the determination of returning its second degree murthe amount and legal status of the der indictment. Miss Saddler will claims of Katherine T. Hutchinson be brought from the jail at New and others in the Merchants Trust Haven to appear for the grand jury Co receivership case. against to-morrow.


Article from The Waterbury Democrat, May 5, 1933

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Superior Court Short Calendar Much Business Before Judge John Richard Booth Many matters of importance in civil cases were before Judge John Richards Booth at the short calendar session here today. Five preclosure judgements totaling $9.165.22 were entered and reports in several receiverships were entered. The foreclosures were entered in the following cases: Waterbury National bank against Felicia Gomulinski, $1,275: Waterbury Savings bank against Tomasso Rosa. $2,231.05: Colonial Trust company against John W. Chapman, $1,755.23: M. Cybulskis ngainst I. H. Serpinskas. $2.034.29: L. Wende'berger against John Rock. $1,779.02. The motions in the Merchants Trust company receivership case were continued until next week because Attorney Francis Reeves, receiver's counsel is away. The receiver's report was accepted and an allowance of $25 entered in the case of J. Warren Upson, administrator. against Anna D:Blasi, The receiver's report was accepted in the case of Colonial Trust company against Albert Schumaker. Decision was reserved on the demurrer in the cases of Mary H. Jackson, administratix, against Anthony Siracusa. The motion asking that the $6,000 verdict in favor of Albert Guhring against Phillip Gumpper be set aside was continued until next week.


Article from The Waterbury Democrat, May 19, 1933

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NO VERDICT YET IN $10,000 DEATH SUIT BOSWORTH, STAR CONTINUE MOTIONS SINCE '09, ILL Jury Deliberates OF LOCAL FACTORY Over Two Hours; Letter With Wrong Date Complicates Hearing-Bar Returns At 3 Receivers to Pay Taxes Many matters of importance in pany against Paul Yankee. AnAction Started May 6 Before Judge Miles F. McNiff civil cases came up for consideraother was entered in the case of tion by Judge John Richards and Jury-Fatality on E. Main Street Resulted the Waterbury Trust company Booth at the short calendar sesagainst Charles A. Jackson. The sion of the superior court today. in Claim-Insurance Company Excused as De= amount is $2,996.18. The motions in the Beardsley & In the common pleas court, six fendant Wolcott Mfg. Co. receivership case foreclosure judgments, totaling were continued until next week at $29,979.42 were entered before request of counsel. It was explainjury was excused at 2 o'clock toJudge Edward J. Finn. The judgAfter deliberating two and a half ed that the letter sent to creditors day for luncheon and ordered to ments were entered as follows: hours without decision in the $10,return for further deliberation at informing them about today's J. 000 death action of William Thomaston Savings bank against court hearing, bore the wrong date. 3 o'clock. Hyman Kerzner, $9,227; Max Briggs, administrator, against JaIn the Sanditz & Traurig and The jury took the case at 11:30 cob Albert, a common pleas court Bram against E. R. Hansen, o'clock this morning. At 2 o'Kazemekas Co. bank receiverships, $3,759; E. W. Benedict against C. clock, presiding Judge Miles F. the receiver was instructed to pay B. Oviatt, $3,392; P. Yakubauskas McNiff called in the jury and intaxes to the city of Waterbury for against W. Kilmauskas, $1,809; BLACKALL TO properties held as assets in the structed them to go to lunch for Colonial Trust company, trustee, an hour. two closed institutions. Interest against P. Iarrapino, $10,731.67. SPEAK IN CITY The jury took the case after the payments were also ordered paid to creditor banks. The tax payclosing arguments of counsel and ments are for the current year. the judge's charge. No Evidence The suit is based on the fatal The receiver for the Tracy Bros. Hartford Senator, Water= death of Mr Briggs' mother, who Co. was advised to accept an offer of $3,400 for a cottage at Hitchwas fatally injured by the defendbury Native, to Address of Poisoning cock's lake which is included as ant's car at the intersection of Sflver street and East Main street an asset of the company. It was ofHoly Namers fered to the court a couple of February 7th, this year. Not Likely to Be Any Fur= Trial of the case was started on months ago, but Judge Frederick State Senator John C. Blackall, NE M. Peasley advised the receiver to May 6th with Albert and the John former Waterbury newspaper man ther Investigation wait until warm weather for a Hancock Insurance Company, emand one of Hartford's best known better offer. The offer remained ployers of Albert, as party defendHobart Bosworth, a movie star Jawyers, will be one of the speakthe same. Medical Examiner Edward H. ants. On completion of evidence since 1909, is seriously ill in Sioux ers here Sunday morning at the yesterday, Judge McNiff ordered a The receiver for the Naugatuck Kirschbaum's report that the Communion breakfast of St MarCity, Ia, where he was stricken directed verdict in favor of the death of the late K. Charles KazeBank & Trust Co. was advised to while making a personal appeargaret's Holy Name society. The afHancock Insurance Company on mekas, local banker, was due make payments on trust deposits ance tour. He is shown above in fair will be held at the Elton folthe grounds that Albert was not in the closed bank out of $2,100 "probably to strychnine poisoning one of his recent character roles. lowing the 8 o'clock mass in St within the scope of his employwith terminal pneumonia", will colected for that department, on a Margaret's church. ment when the accident occurred. pro rata basis. most likely remain the official exAttorney Blackall was formerly Attorney Arthur I. Cook and AtThe proposed hearing in damplanation of the case. Dr Joseph secretary for Congressman AugusFUNERALS torney Andrew W. Dawson repreages of the claim against the Hotel Collins of the Waterbury hospital tine Lonergan in Washington, D. C. sent the plaintiff. Attorney Maurice Waterbury was continued one staff has completed his analysis At the last state convention he week. A. Gruskay appears for Albert. Atand has reported to the medical made the nomination speech namThe funeral of Mrs Josephine torney John F. McDonough apexaminer that he has been unable James R. Sheldon was made ing Mr Lonergan for the office he Skridla took place this morning at peared for the insurance company. to recover any evidence of the party defendant in the action of now holds, that of United States 8:30 o'clock from the Delinis funsuspected poisoning. The deducJulius Berbecker & Sons gainst the senator. He is regarded as one of eral home, 17 Congress avenue to tion as to the nature of Mr KazeTHREE TRIPS TO REMOVE Beardsley & Wolcott Mfg Comthe most interesting speakers in St Joseph's church where a reGOLD pany. Mr Sheldon is receiver for the state senate. quiem fass was celebrated at 9 the latter company. Decision was Walla Walla, Wash. (UP) As the men's mission closes on o'clock by Rev Joseph J. ValanIt required three trips to take all reserved by the court on all moSunday in St Margaret's church it tiejus. Interment took place in the gold turned in at the postal tions in the case of the Colonial Sale Now is expected that 200 or more will Calvary cemetery with committal savings window here to the bank, receive communion in a body at Trust company against the Coloservices by Father Valantiejus. in line with the order by President the 8 o'clock mass and will later nial Holdings company and others. The bearers were: Charles StasRoosevelt to call in all gold. attend the breakfast. A foreclosure judgment in the kaits, Casimir Dapkus, Michael amount of $3,208 was entered in RO Skistimas, Julius Norkus, Justin favor of the Colonial Trust comGrincinunas and Edward Jasiunas.


Article from The Waterbury Democrat, March 29, 1934

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Banks Hold $342,000 Mortgages On Elton Attorney Gager Authorized as Receiver to Make Temporary Arrangements-Interest Suspended mortgage is a $17,000 mortgage Attorney W. W. Gager, receiver held by the Colonial Trust Co as for the Hotel Elton was given authtrustee of which trust, Pearl Judd ority by Judge Arthur F. Ells tois the beneficiary. Subsequent to that mortgage is day to enter an arrangement for a one of $100,000 held by the the foregoing of mortgage interest Colonial Trust Co as administrator payments on two mortgages, durof the estate of E. Webster Judd ing the receivership. Under the and the sole beneficiary being Elarrangement, Pearl Taft Judd and len Butler Judd. Both beneficiaries Ellen Butler Judd are to occupy are occupying rooms and receivrooms and receive board at the ing board at the hotel. hotel Γ‘nd the interest on trust It has been proposed, says the mortgages of which they are beneapplication, that the Colonial Trust ficiaries will not have to be paid. Co, as trustee and administrator The application signed by Judge forego interest payments on the Ells in superior court reads that mortgages during the receivership, the hotel property is encumbered in consideration that the receiver by a mortgage to the Waterbury furnish the two beneficiaries Savings Bank in the amount of room and board. $225,000. Subsequent to that