Abingdon Square Savings Bank (New York, NY)

Article Text

The Abingdon Square Savings Bank, a small institution on the west side of the city, near the junetion of Eighthare and Hudson-st., suspended yesterday by order of Bank Superintendent Eilis. The officers of the bank are: C. Schumacher, President: Beckman T. Burnham, Vice-1 resident, and George W. Brown, Secretary. Edear F. Brown is the counsel. It was organized in 1869, when savings bank charters were granted by the Legislature without careful inquiry and strict examination. It was in the immediate vicinity of two strong banks and several weaker ones, and it is stated that from the first its only hope of doing a successful business lay in the exercise of great prudence and shrewd financial management. A reporter of THE TRIBUNE last evening called on the officers and trustees, and was informed that the entire assets or the bank consisted of real estate bought under foreclosure of mortgage held by the bank, and the furniture and fixtures. Mr. Schumacher, the President, gave the following figures, showing the present condition of the bank: Assets: Real estate on Broadway, Williamsburgh, building loan, 33,000: four houses on Kossuth-st. 916, 000: three houses on Halsey-st. $11,500; other property in Williamsburgh, $3,300; three houses in Brooklyn, 825,000; bonds and mortgages, 89,420: furniture. &c. 84,500, and cash in safe, 82,000; making a total of apparent assets of $104,720. The liabilities are: Due depositors, $81,000; note held by the Hanover National Bank, $15,000, and a mortgage on some of the real estate, $6,000; making a total of $102,000. Mr. Schumacher was uncertain whether the amount advanced by the trustees-$3,500-was included in the above statement. These figures show an apparent surplus of a few thousand dollars, provided the full amount paid by the bank for the real estate and fixtures should be realized. Mr. Schumacher said that he had been the President of the institution three years, and all his family and several relatives were depositors to a large amount He had done all he could to save the bank and protect the depositors, but the depression in real estate had hedged up the way of the trustees. and was the great obstacle to success. Beekman T. Burnham, Vice-President, stated that the action of the Bank De partment was a surprise to the officers of the bank, as they had not expected such harsh proceedings. The bank examiner, Mr. Held, he said, examined the books last week, and after calling attention to a few irregularities, which were immediately corrected, expressed himself satisfied with the condition of the bank. The bank. ,Mr. Burnham said. had struggled against adverse fortune almost from its organization In getting its charter from the Legislature heavy expenses were incurred, and the salaries at first were very large. The secretary was paid 83,000 per annum, the cashier $2,500, janitor $400, and the rent was $1,300. There were other expenses for fixtures. furniture, etc., so that at the end of two years the bank was behindband nearly $20,000. The first President was Thomas McLelland, builder, then living in East Seventy-eighti-st. Mr. Burnham added that about five years ago he was invited to be one of the trustees, and immediately after his election the salaries and expenses were cut down to the lowest possible figures, and strict economy was practicetl. As to the bogus checks, he had not been a party to the transaction and had no knowledge of it until the bank examiner discovered it. No wrong. however, had been done to the depositors, although the checks of course made the amount of business done appear rather larger that it really was. and looked well in the annual report. Mr. Burnham defended the course of the trustees in making building loans. and stated that the profits realized had helped materially to pay off the debt. Mr. Burnham thought that within a reasonable time the trustees would have been able to dispose of their real estate to advantage, and to have continued business without the loss of a dollar to the depositors. A centleman familiar with the affairs of this bank stated that there were about 800 depositors, who were residents of the Ninth Ward, and mostly persons of small means The amount which will probably be realized from the assets cannot at this early day be estimated with any accuracy. The trustees have been endervoring to sell the real estate for several months without success. Theappointmento a receiver, with the necessary expenses of winding up the affairs, and the sale of the real estate and fixtures within a year, under the unfavorable circomstances which have always characterized forced sales of bankrupt estates, leaves very little margin for encouragement It was stated last evening that the depositors could not hope to receive more than 50 cents on the dollar.

Article Text

A RECEIVER AGREED UPON

The Abingdon Square Savings Bank kept its doors open yesterday, but no business was transacted. A number of the depositors called for their money, and were informed by the acting secretary that the bank had gone into liquidation by order of the Supreme Court, and that a receiver would be appointed to wind up the business. B. T. Burnham, Vice-President of the bank, stated that he was still hopeful that the depositors would be paid in full. The trustees. he said, had determined to apply the assets first to the payment of other depositors, leaving the deposits of the trustees to be paid out of the balance remaining after all other claims had been disposed of. He said that as near as could be ascertained the deposits of the trustees and their immediate relatives constituted about one-third of the total deposits. The trustees last evening agreed upon John R. Voorhis, ex-Police Commissioner, for receiver, and it is believed that his appointment will be concurred in by the Bank Department. The appointment will probably be made on Tuesday.

Article Text

AN INTERVIEW WITH THE VICE PRESIDENT

At an informal meeting of the trustees of the Abing. dou Square Bank, held on Thursday evening, it was agreed to receive no money until the depositors are paid. Yesterday Mr. Burnham, Vice President of the bank. stated that the report published in several papers, to the effect that a bogus check for $9,800 had been deposited, was entirely untrue. It has been ascertained that the trustees have done all that was in their power to avert any falling off of the bank's credit, and have lately placed in it $3,000 to meet any pressing demands. It is claimed that only for the injunction $10,000 would have been furnished with a view of continuing business till the real estate had been disposed of. George W. Reid, the examiner, was at the bank on Wednesday and expressed himself satisfied with its solvency, and proposed to recommend it as in fair condition for the transaction of business. As be waited to make a personal report, and was going to Albany, he fatled to anticipate the arrival of the papers enjoining the bank. which were served on that very evening. is is expected that either George W. Wynant or John R. Voorbis will be appointed receiver

Article Text

ABINGDON SQUARE SAVINGS BANK

The President of the Abingdon Square Savings Bank, which was ordered to suspend a low days ago, says the trustees are determined to pay dollar for dollar to the depositors and that the action of the Ex. animer was uncalled lor.

Article Text

The Abingdon Square Savings Bank.

The trustees of the Abingdon Square Savings Bank, which was ordered to suspend, profess to be san- guine of being able to resume business soon. The President says: "The bank owns real estate in Broad- way, Williamsburgh, worth $33,000; in Kossuth place, Williamsburgh, worth $16,000; in other parts of Wil- liamsburgh, worth $3,500; in houses near Brooklyn worth $25.000; mortgages, $9.420; bank fixtures, $4.500; cash in the bank, $2.000; other estate in Williamsburgh, $11,500-making a total of $104.720. To the depositors is due $82.000, to the Hanover Bank, $15,000, and on property $6,000, making a total of $103,000. The trus- tees of the bank are determined upon paying dollar for dollar."

Article Text

TELEGRAPHIC NOTES

MEMPHIS, Aug. 29.-White, Langstaff & Co., wholesale hardware dealers, suspended payments to day. HALIFAX, Aug. 29.-Advices - to the 28th inst. from the Magdalen Islands state that mackerel have struck In, and the fishermen are doing well, although codfish are scarce. SARATOGA, N. Y., Aug. 29.-Frank Thempson of New. York City was to-day appointed receiver for the Abing don Square Savings Bank, New. York, by Justice Laudon, on motion of the Attorney-General. BOSTON, Aug. 29.-The annual report. of the Hoosae Tunnel line.places the total receipts for the year ending July 1, at $79,391, and the expenses at $44,705. In the last half year freighting has almost doubled. OTTAWA, Aug. 29. - Thirteen American boats Jaden with lumber left today for American porta. A larg. number of Canadian boats have been lakd up for the season, as they are unable to compete with the Americans.

Article Text

ABINGDON SQUARE SAVINGS BANK

Mr. Frank Thompson, the receiver of the Abingdon Square Savings Bank, is busily engaged preparing his report, which he says he expects will be ready in about ten days. He expressed the hope of being able to pay a dividend of twenty-tive per cent this fall, and said that an examination ot the affairs of the bank had shown that for the last two years it had been doing business on a margin of maximum profits of $1,000 a year, and that its investments in real estate security bad been made with such bad judgment that but little would be realized for the depositors, unless sales of the property were postponed for a rising market.

Article Text

RUN ON THE SAVINGS BANKS

Yesterday morning the excitement among the smaller depositors in the savings banks of the east side, which began to manifest itself on Thursday and culminated in a perfect panic on Friday, in no degree abated, but in the afternoon there was a very perceptible decrease in the number of applicants for a settlement of accounts. The cause of this sudden withdrawal of deposits lies in the suspension of the New Amsterdam and Bond street savings banks. When the trustees of these establishments announced their intention of giving over business, but found themsolves unable to go into voluntary liquidation, a doubt of the security of other kindred institutions became broadcast. The recollection of the Third Avenue Bank's failure and the close of the Mutual, the Germania and the Abingdon Square is yet green in the memory of most depositors, and there was consequently a grand rush to the paying telsers' desks. The Dry Dock Bank, at corner of Bowery and Third street, came in for more than a fair sbare of this run. A large gathering had assembied before it at an early hour, and after dark the employés were still busy handing over money to importuning depositors. it seemed to be generally taken for granted that the bank was going to suspend payment, and the only thought in the minds of all comers was how to most readily reach the counters and withdraw such deposits as they had made. However, it was clear that no one bad a definite notion of what they had to fear. nor could any one give any idea of what their doubts were founded on. It was stated by one or two, though on what authority it would be difficult to determine, that the bank officials were unable to pay the interest on the mortgage which they had been obliged to take out in order to complete the building. and that it was consequently to be sold on account of a foreclosure suit. It was claimed by others that the Dry Dock Bank bad large securities invested in those institutions which have recently suspended and that it had its finances further crippled through that means. In conversation with William V. Webster, the secretary of the bank, a HERALD reporter learned that the securities held by the bank could be realized in a short time, and that even if they were sold at the lowest market rate there would be left a surplus of over $60,000. He said that there was no cause whatever for apprehension among the depositors, but that if they persisted in their intentions of withdrawing their deposits the trustees fancied that, far from damaging the bank's interests, they would only be advancing them. "This run," said Mr. Webster, "will be of benefit to us, because we will not only escspe the ob. ligation of paying interest upon the sums withdrawn, but we will be freed from the payment of the State tax, and that of itself is a matter worth considering." The excitement was not confined to depositors of the Dry Dock Bank alone, but circulated among people who had placed their savings in the Bowery, Bleecker Street and Metronolitan Banks. In these there were fewer amounts drawn and the officers in all cases expressed themselves satisfied of their institutions being able to weather the run. However confident these gentlemen may by of their financial security, there is no doubt but that a wide-spread feeling exists that in this crisis every bank whose finances are not on a solid basis will be sorely pushed. The recent suspensions have inspired a lack of confidence, under which many such institutions may succumb if it be not speedily removed.

Article Text

THE SAVINGS BANKS

A meeting of the depositors of the Abingdon Square Savings Bank was called for last evening at No. 79 Bank street. On account of the few persons present, an adjournment was made until next Monday evening. Mr. Frank Thompson, the receiver, stated that according to the best of his knowledge and judgment, the depositors will get back from twenty to twenty-five per cent of their money. Receiver Best, of the Mechanics' and Trades' Savings Institution, will pay to the depositors a dividend of filly per cent, commencing at ten o'clock this morning. Payments will continue daily from ten to three o'clock, and on Monday, ednesday and Friday evenings, from six to nine o'clock. The run upon the Dry Dock Savings Bank continued yesterday, and may last for a few days to come. All demands are promptly paid, and there can be no doubt of the ability of the bank to meet all its obligations.

Article Text

THE SAVINGS OF THE POOR

ACTION OF THE ABINGDON SQUARE BANK DEPOSITORS. Mr. Harse Organizing the Independent A4- the sociation of Depositors The Claim of Hanover Bank-Individual Hardships. Mr. A. C. Haase of 13 Eighth avenue, one of the depositors in the suspended Abingdon Square Savings Bank, and temporary chairman Instiof the recent meeting of sufferers by that tution, in conversation with a SUN reporter yesterday, made some serious charges against meet- the trustees of the bank. He said: The first ing of indignant depositors was all right. It was managed by the depositors themselves; but the adjourned meeting was controlled by the trustees of the bankrupt concern. A permanent chairman. who. I mistrust, has not a dollar in the bank. was elected in nly place, and he and three or four other men, sent to the meeting by the trustees, completely whitewashed the management of the bank. The permanent chairman appointed a committee in accord with his way of thinking. and I don't believe the committee will take any measures whatever to redress the wrongs of the depositors. The second meeting was a packed affair. There were not more than two hundred of the nearly thousand depositors present. and those who one were present were overawed by the learned talk of two or three lawyers who represented themselves as depositors. Well. sir. 1 have more than six hundred of the depositors with me. and don't like the way they have been treated. We are going to hold a meeting and organize an independent depositors' association. and we don't intend I to have be humbugged any more If we can help it. in the invited all who actually have any money their to call at my place of business. bring names pass-books bank with them. and have their reported. registered. Many have have already boys Hundreds of the depositors are minors- Many and giris who have saved a few dollars. clerks. them are errand boys, rentices. and who of are poor working men and women, Others afford to lose their money. They want in these hard times to buy I don't care so much cannot the cash rent with. for bread enough; myself. and pay a business man. and have money the I am sir. I am a German. and I feel sorry for all but. German people who have lost their all. way poor of employment. and don't know what out I am going to have fair play in this to matter. turn. The independent depositors association will probably be organized next week. People who called at the Abingdon Square Bink yesterday for information found the heavy door closed. Receiver Thompson h d vacatiron 1 the bank building. and removed to his down- been town office. Some indignant depositor has large foolish enough to throw a stone at the plate-glass window of the bank. smashing have the ruining the window. Others iron thrown glass and tobacco quids against the clos d door. Receiver Thompson hopes soon to pay twentycent. from the available assets of the five per bank. provided he is not hampered by a sultagainet savings him. which be fears will be brought the Hanover Bank to recover $15,000 which by loaned by the Hanover Bank to the savings was to help the latter out of its difficulties bank time ago. If the suit is brought. Receiver the some Thompson will contest on the ground that the deBank should come in with Hanover for a free percentage instead of being positors before adividend is declared. It claimed. not paid behalf of the Hanover Bank, that it was of on depositor. but a regular creditor by virtue in a loaned money, and that the depositors stock bank are really the same as savings holders. The Hanover Bank holds a mortgage for the loan. The real estate owned s security the savings bank is located ID the back for by of Brooklyn. and the rent received the part of it does not much more than pav some he depositors claim that the real estate taxes. Investments. to say the least. were very injudictous; that much larger sums were paid was for houses and lots than the property the actually worth. and that money was lent on insufficient security. Mr. Haase thinks some one management of the savings bank ought to the be punished for permitting loans to be made to second mortgage, a proceeding expressly on forbidden In the State laws. The independent Mr. depositors' association. 1: is thought by Haase, will employ counsel and have their case of stated to the Grand Jurv with the intention txing whatever blame there may be where is it belongs, and if any trustee or other officer guilty. have bim punished. In the last meeting of depositors one gentleman said: Somebody ought to go to Sing Sing." One poor all. woman diswho was present. and who had lost her turbed those around her by sobbing and crying. have She said to the reporter: am poor. and no work, and I lost my money in the bank.'

Article Text

THE ABINGDON SQUARE BANK

A Letter from the Chairman of the Depositor's Committee in Answer to Mr. Haase. To THE EDITOR OF THE SUN-Sir: The remarks of Mr. Haase published in THE SUN of Oct. 12, do great Injustice to the depositors of said bank. Hesays that the first meeting was all right, but the second meeting, attended by about two hundred depositore. was controlled by the trustees. He then says a permanent chairman was elected in his place by these same two hundred depositors, he being a candi date and defeated, and the elected and chosen Chairman be mistrusts had not a doltar in the bank. Now the Chairman is one of the largest depositors nd creditors of the bank, and he (Mr. Hanse) was so informed at the meeting by the receiver. Mr. Thomson. Mr. Haase also says that the Chairman appointed a committee in accord with his WAV of thinking. This statement 18 false. A motion having been made and unabimously carried that the Chairman appoint a committee from among the depositors to confer with the receiver. and to look after the interests of all depositors. the following persons (who represent about one-sixto of the entire deposits of the bank) were appointed: G. F. Nearing, John Weir, H nry Mabler, M. Lamline, Chas. J. Rose. S. F. Paulding. and on motion Geo. W. Winant, Chairman, and W. D. Savage, Secretary, were also added to Baid committee. Now, seven out of eight of said committee were named and suggested by the depositor. present, the Chairman appointing one only. and be was a German, making a total of four Germans ou said committee. thus giving them an equal representation on the committee with which Mr. Haase nade 80 muca fault. As regards the closing of the bank Mr. Thomson said that he did this to save expense of reut and save money for the depositore. I think the receiver, Mr. Thomson, will do and is doing all he can for the depositors would state that the committee are taking steps to investiga e affairs, and will do all in their power to protect and preserve the interest of all depositors GEO. W. WINANT, Chairman of Committee. Abington Square Savings Bank Depositors. NEW YORK Oct. 12, 1876.

Article Text

MEETING OF THE DEPOSITORS OF A BROKEN BANK. F. Thompson, receiver of the Abingdon Square Savings Bank, stated yesterday that a dividend of 25 per cent would probably be declared soon. Since September he had received $10,000, but money was realized very slowly on the assets, as the greater part was real estate. At a meeting of a committee of the depositors last night, at No. 345 West Eighteenth-st., it was stated that the trustees are making arrangements to pay a larger dividend. Three trustees-E. G. W. Woerz, Walter J. Price, and H. J. Mohlman-haveagreed to accede to any terms that the others may deem fair. It is rumored

Article Text

The Broken Abingdon Square

At a meeting of the Executive Committee of the depositors of the suspended Abingdon Squire Sarings Bank, last evening. it was averred that the officers of the bank induced people to .ke deposits by making false representations of the manner in which the bank's business was conducted. A circular. to which was added the names of all the officers. was sent out a for days before the bank closed, professing that all money was safely invested in bonds and mortgages and Governments only." Yet at that time there was not a dollar invested in Government securities. It was announced that E. G. W. Woerz W. J. Price, and H.J. Mohiman, trustees of the suspended bank, had promised to jota with other trustees in r 1810g a fund to make good the losses to depositore. It was also announced that Mr. E. F. Brown, attorney for the suspended bank, had be come insane on account of the troubles of the bank, and had been taken to the Pleasantville Asyium la Westchester county.

Article Text

Sabings Banks

A BINGDON SQUARE SAVINGS BANKDIVIDEND Notice is hereby given that, pursuant to an order of the Supreme Court, a dividend of niteen per cent will be di tributed among the depositors in said bank. excepting such as are excluded by the terms of said order. Said dividend will be paid at 23 Abingdon square on and after the 7th day of F. bruary, 1877. be. tween the hours of ten o'clock A M. and two o'clock P. M. Depositors should bring their pass books FRANK THOMPSON, Receiver. New York, Jan 30, 1877

Article Text

sham sale of real estate to one Mulvaney, and by fictitious entries in the books made an appearance of solveney; that it was the duty of Mr. Ellis to have had the bank discontinue business, and recommend the AttorneyGeneral to place the institution in the hands of a receiver, which be wholly neglected to do. It is claimed that the Superintendent should at once have examined the Bank of Lausingburgh on receipt of the report stating that the bank was investing in coal and railroad stocks, which was done to the amount of 4,500 shares, costing $384,000, but Mr. Ellis allowed the bank to continue business until it failed, in consequence of such investments. The Abingdon Square Savings Bank was examined Nov. 4, 1875 by George W. Reid, whose report shows that it had exchanged real estate in Brookivn for purchase money mortgages, which transaction the examiner said was in violation of its charter. It is charged that the mismanagement of the bank was for some time previous to the above examination often brought to the notice of the department, and that the Superintendent should have taken proceedings to protect its depositors and creditors. This he never did, but left the bank in the hands of speculators in real estate. who threw their losses on the bank, causing its subsequent disastrous failure, which would have been avoided if the Superintendent had done his duty. Lastly, Mr. Mack charges that on or about March 25, 1875, George W. Reid and William F. Aldrich, examiners, informed Superintendent Elis that the trustees of the Bond Street Savings Bank had made large investments not authorized by law, and that there was a defietency of income of over $20,000 per annum; that it thereupon became the Superintendent's duty to cause the bank to discontinue business, but that no action was taken; that the institution was put in the hands of a receiver subsequently in 1876, and depositors have suffered a loss of $600,000, a large part of which would have been saved if the Superintendent had performed his duty in 1875. In the matter of general neglect and inefficiency it is charged that De Witt C. Ellis, as Superintendent of the Banking Department, has so willfully neglected his duties as to have permitted 14 or more savings banks in New-York City to become insolvent without in any manner interfering to restrain their continuance in business, except in one case, that of the Mechanies' and Traders' Savings Bank; that their capital and deposits amounted to $11,500,000, about one-half of which has been lost; that he has permitted other irregularities to exist in savings banks which will appear on examination of his reports to the Legislature and comparing them with the records of his office for fuller explanation. The Governor adds in conclusion: "As the Senate is already engaged in investigating charges similar to these heretofore presented, I have not deemed it necessary to submit those now made to Mr. Ellis for any preliminary explanation on his part. The allegations complained of in these charges that Mr. Ellis was officially notified by his own examinations of the dangerous and in fact insolvent condition of the institutions named, are in several instances amply sustained by the documentary evidence cited. Whether he was guilty in any of these instances of culpable negligence or of delaying proper action after he had been 80 notified, is a matter of very ready proof, or disproof, before you, that there may be no technical conjection to the investigation of and action upon these charges. I again recommend the removal of Dewitt C. Ellis from the office of Superinte ndent of the Banking Department, as well upon the charges transmit ed herewith, as upon those heretofore presented and now under consideration in the Senate.

Article Text

sworn the officers or employes of banks which be was examining: the law gave him discretionary power to close up a bank upon a bad showing, or require it to make good such deficiency and change is bad system of business; the regular returns sent in to the department are sworn to by the officers. ABINGDON SQUARE BANK. The Abingdon Square Bank charge was taken up and Ellis' examination resumed. He presented the examiner's report of the Abingdou Square Bank, made November 4, 1875, in evidence, showing the assets of that bank to be $140,446 46 and the liabilities $136,022 26, a surplus of $4,424 70, but a deficiency or income of $664 60; so long as the bank showed a surplus no had no power to put the bank in the hands of a receiver; in regard to the holding of real estate in violation of their charter, which 18 one of the charges, the report shows that they had sold their real estate at a profit and got in exchange purchase money and mortgages; this was done before the date of Reid's examination: be did not believe this exchange was a violation of the spirit of the law; ID February, 1876, the bank made a report for January 1 showing a surplus of $7,207 58; he had consulted Attorney General Fairchild about the law in relation to the exchange of property, and while agreeing upon the actual legality of the exchange that official thought with the witness that the rule might open the way for general speculation in real estate, and he expressed un opinion against it; up to July 26 he had no reason to believe there was any deficiency in the bank account; at that time he took his vacation and Mr. Lamb had charge until the bank was closed; if a bank had all of its assets in government bonds be beheved 11 could hardly pay dollar for dollar 11 a receiver was appointed. Mr. Lamb testified regarding a letter from Examiner Reid, dated July 19, 1876, relative to the condition of the bank at that time, showing an apparent deficiency of $7,125 39 and the presence of bogus checks among the assets; on July 29 he reported the case to the Attorney General. Sheldon W. Swaney, chief clerk to the Attorney General, presented the record of his office, showing that application for an order against the bank had been made August 10, 1876. The committee then adjourned until ten o'clock 10. morrow morning

Article Text

DIVIDEND TO ABINGDON SQUARE DEPOSITORS

Receiver Thompson of the Abingdon Square Savings Bank, began the payment yesterday of a second dividend of 15 per cent to the 1,300 depositors of that institution. Checks only were given yesterday, but during the remainder of the week bank notes and silver will be used. About $13,000 will be paid out. This bank was closed by the Bank Department August 10, 1876, when the assets were given as $104,720, and liabilities $102,000, but these figures were found to be greatly at fault. The receiver hopes to pay another dividend of possibly 15 per cent. but there is some doubt about it, owing to litigation with the ex-trustees.

Article Text

Line Arts

RT SALE. A Tuesday evening, June 10, at the Art Rooms, 817 Broadway. Now on exhibition. THE DETAILLE COLLECTION. Aquarelles and oil paintings by Charles Detaille and Edonard Detaille, Paris, France. Dibidends. TOTHE DEPOSITORS in the Abingdon Square Bank -A third and finaldividend of eighteen (18) per cent. will be paid depositors at 59 Liberty st., room 38, commencing Friday, 13th instant, to and in cluding Thursday the 19th instant, from 11 A. M. to 3 P. M. Payment on the 13th and 14th will be by check FRANK THOMPSON, Receiver. only.

Article Text

REFEREES APPOINTED

Supreme Court. By Pryor. J. Second Universalist Society agt. Carman-Herbert Parsons. Wilson agt. Jemny-Norman T. M. Melliss. Love agt. Huckel-Richard M. Bruno, Schnitzler agt. Kaufmann-John E. Brodsky. By Freedman, J. Matter of Stern-Joseph Kaufman Slade agt. Fajen-Augustus H. Vanderpoel. Starr agt. Klein-Daniel P. Ingraham Matter of Merrian Company-Donald McLean. People. etc. agt. Commercial Alliance Life Insurance Company-William H. Willis. By Truax. J. Disbrow agt. Disbrow-William H. Willis, By Daly, J. Byk agt. De Jongh-James T. Law. By Chase. J. Freund agt. Muller-A. S. Norton. RECEIVERS APPOINTED Supreme Court. By Kellogg, J. Charles M. Levy agt. George W. Bansher-Caldwell Cleveland By Bischoff, jr., J. People. etc., agt. Abingdon Square Savings Bank-Samuel Wassermann. COURT OF APPEALS CALENDAR Albany, March 2.-The Court of Appeals calendar for to-morrow is: Nos. 337, 343, 328, 336, 360 and 354.

Article Text

ABLE FINANCIER DEAD.

Served as Receiver for Bank Wrecked by Tweed Ring.

BALLSTON, N. Y., Aug. 14.-Frank Thompson, millionaire and retired lawyer, died suddenly this morning at his home here, aged 59.

He was receiver of the Abington Square Bank, in New York, which was wrecked by the Tweed ring. He successfully conducted the bank and paid 93 per cent of the deposits.

Mr. Thompson's estate is estimated at a million and a half.

Article Text

FRANK THOMPSON

Ballston. N. Y. Aug. 14.-Frank Thompson, formerly a lawyer of New-York City, died here today after an illness of eight hours, from cedema of the lungs. He was fifty-nine years old, and was a graduate of Columbia College and Law School In 188+ he was appointed receiver of the Abingdon Square Savings Bank of New-York. and successfully closed its affairs for the depositors. His mind gave way under the strain of this work, and he never recovered his mental balance. He was unmarried, and left a large estate.