Bank of Staten Island (New York, NY)

Episode Information

Episode UID
5770186391248
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
577018639 hash
Start Date
December 31, 1903
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
111acba0635d377b

Response Measures

None

Description

Newspaper OCR shows variant spellings of cashier Ahlmann/Ahlman/Ahmann.

Events (3)
1. December 31, 1903 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier Otto Ahlmann's suicide and subsequent discovery of large defalcations led to the bank closing its doors.
Newspaper Excerpt
Otto Ahimann, a reputed millionarie, and for eighteen years cashier of the Bank of Staten Island, at Stapleton, suicided by shooting himself. The bank doors are closed pending an investigation.
Source
newspapers
2. January 19, 1904 Receivership
Newspaper Excerpt
Receivers Recommend This as Best Step... the wrecked Bank of Staten Island, which closed its doors on New Year's Eve ... The committee recommended the appointment of a receiver.
Source
newspapers
3. May 29, 1905 Other
Newspaper Excerpt
The receiver of the bank is made a party to the suit ... Otto Ahlman ... was subsequently found to be a defaulter of $200,000.
Source
newspapers

Newspaper Articles (3)
1. January 2, 1904 The Daily Silver State Winnemucca, NV
Article from The Daily Silver State, January 2, 1904

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Article Text

Doings of the Day Reflected and Condensed for Busy Readers THE HISTORY OF THE WORLD Told In Short Paragraphs--The Latest Intelligence from All Sources Des Moines, Ia.-Banker Charles F. Woods shot and kilied himself in his bank at St. Charles, Ia. So far as can be learned the bank is in good condition. Chicago.-The engineers of the Masonic temple and Schiller building struck at 2:30 Friday afternoon. Probably 250 other buildings will be without heat by Monday. St. Louis.-Three hundred members of the Cabmen's and Carrige Drivers' union have voted to strike for higher wages and other concessions. It is feared that the strike may spread to other drivers and ie up the traffic of the city. New York.-Otto Ahimann, a reputed millionarie, and for eighteen years cashier of the Bank of Staten Island, at Stapleton, suicided by shooting himself. He was practically the sole owner of the bank. The cause is a myatery. The bank doors are closed pending an investigation. Washington.-A dispatch from Minister Howell states that two sailing vessels from Curacoa bound for Azusa, loaded with arms and ammunition were the for provisional the insurgents, government captured of San Do- by minico. The latter, assuming the offensive, was successful at Gueren. Many prisoners are being sent to San Domingo City. Pueblo, Colo.-After a trial lasting for several days, Dr. Charles O. Rice, a prominent physician of this city, was acquitted of the charge of murder. Dr. Rice on October 17th shot and killed I Police Officer Marts, after holding at bay four hours a crowd in front of a of which he drug store, had taken the time. possession. He was drinking at Insanity was the ground on which the defense was made. Helena, Mont.-The jury returned a verdict of guilty against Isaac Grawith velle, charged sending blackmail. Pacific ofletters to the Northern s ing Graficials and dynamiting its trains. velle will be sentenced on Monday. e The trial was begun December 14th. One hundred witnesses were called, and in all respects it was the most noted criminal trial in the history of the Montana courts. Washington.-Information has been the state department that has been 3 Germany received by negotiating quietly in to buy the island of St. Thomas the West Indies. The state departx has directed its agents at St. and Denmark to } true Thomas ment If the report prove investigate. the United States will immediately notify Denmark that it will not permit the sale of the island to any other power. The department takes the position that as for the purchase was agreed between the this the upon Der.mark treaty country United has States the first and right of purchase. Washington. - Clarence Edwards, n chief of the insular bureau of the war has made f department, public for circulars $7,000,000 for subscriptions y land purchase of which are to calling proceeds Philippine be bonds, applied the to the purchase of friar lands. The bonds will be registered in denominations of from $1,000 to $10,000, dated February r 1, 1904. bearing 4 per cent interest, 5 payable at the United States treasury in United States gold coin. The bonds will run from ten to thirty years and be all forms the Philippines or the either free in from of taxation. in é United States. Subscriptions will be e payable at the New York sub-treasury where the bonds will also be delivered.

2. January 19, 1904 New-York Tribune New York, NY
Article from New-York Tribune, January 19, 1904

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Article Text

RECEIVER FOR STATEN ISLAND BANK. Depositors Recommend This as Best Step to Form New National Institution. Three hundred out of the nine hundred depositors of the wrecked Bank of Staten Island, which closed its doors on New Year's Eve after Otto Ahlmann, its cashier and practical owner, killed himself in Manhattan on the morning of that day, met at Felten's Hall In Stapleton yesterday to hear the report of the committee of fifteen appointed a week ago to find what was the best way for the depositors to have the affairs of the institution wound up, The committee reported that it had received from Bank Examiner Judson a report upon the condition of the affairs of the bank. Mr. Judson's report was in effect as follows: "Amount due depositors before the last day's clearings, $490,000; amount of clearings after the close of the bank, $103,000; amount due depositors, $387,000; shortage, $157,000: amount of shortage after deducting capital of the bank, $25,000. $132,000." According to this report the committee said that the depositors would probably lose a little more than one-third of their deposits. The committee recommended the appointment of & receiver. Five names were submitted for the receivership. Each of the five persons were willing to act as receiver for 2 per cent. The names suggested were Albert C. Reynaud, Charles L. Spier, A. M. Harris, James Wheeler and George A. Wood. The sense of the meeting was against forming a trust company, but a motion to form a new national bank was carried. Subscriptions were given for $14,000 of the $100,000 of stock it was proposed to issue. The members of the committee of fifteen had previously subscribed $4,500.

3. May 29, 1905 New-York Tribune New York, NY
Article from New-York Tribune, May 29, 1905

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Article Text

# SELL HISTORIC HOUSE. Action to Foreclose on a Place Where President Tyler Lived. Action has been brought by William M. Evarts against Mrs. Margaret J. Cornell and J. B. Mayer to foreclose a mortgage on the old Tyler property, in Clove Road and Broadway, West New-Brighton, Staten Island, at one time the home of President John Tyler. The property in 1835 was bought by Mrs. Eliza Racey, of New-York, who in 1837 built the house known as the Tyler mansion. When Mrs. Racey died the property was sold to Charles E. and William H. Racey, and subsequently to Mrs, Juliana Gardiner, mother of Mrs. Julia Gardiner Tyler, wife of President John Tyler. Mrs. Gardiner willed the property to Mrs. Tyler. Her brother, John L. Gardiner, contested the will, but in 1868 sold his interest to Mrs. Tyler. The cost of contesting the will had so depleted Mrs. Tyler's resources that in 1878 the place was sold to William M. Evarte, a relative of Mrs. Tyler. Mrs. Tyler and her family soon moved away, and the house became the home of the Russian Consul General. In 1897 the property was purchased by Otto Ahlman, cashier of the Bank of Staten Island, who committed suicide on December 31, 1903, and who was subsequently found to be a defaulter of $200,000. At the time of the purchase of the property Ahlman was involved in financial difficulties and asked Mrs. Cornell to take title to the property, which she did. Later Mrs. Cornell offered to buy the property outright, and although she paid more than one-half of the purchase price, she may now lose all that she paid. The receiver of the bank is made a party to the suit, to cover any legal entanglement that may arise in the courts. The defendants. Mrs. Cornell and Receiver Mayer, will contest the appointment of a referee to sell the property, since if the property is sold under a foreclosure they will be wiped out and any equity either has in the property will be lost.