Paterson Bank - Paterson, NJ

Episode Information

Episode Type: Suspension → Closure
Start Date: July 24, 1935
Location: Paterson, New Jersey (40.917, -74.172)
Bank Type: state

Metadata

Episode ID
Bank ID
City ID: 340879164

Model: gpt-5-mini
Short Digest

Notes

Article states the bank was closed and offered reorganization terms but gives no cause or follow-up.

Events (1)

1. July 24, 1935 Suspension

Cause Details: Article notes the bank was closed and reorganization terms offered; no cause specified.
Newspaper Excerpt: Depositors of closed Paterson bank offered reorganization terms.
Source: newspapers

Newspaper Articles (1)

1. July 24, 1935 Press of Atlantic City Atlantic City, NJ

Article Text

TODAY'S NEWS SUMMARY

PENNSYLVANIA PHILADELPHIA. — Hosiery workers seek new labor contract. WILKES-BARRE.— Pall-bearer, overcome by heat, falls into friend's grave.

NEW YORK NEW YORK CITY.—Neidecker, financier, ordered held in closing of Paris bank. Scaffa trial witness says sleuth "paid off" Florida authorities.

NEW JERSEY TRENTON.—Depositors of closed Paterson bank offered reorganization terms. CAMDEN.—N. Y. Shipbuilding Co. reopens plant but most strikers stay out. Ickes insists PWA cannot allot funds to Camden for power plant.

NATIONAL WASHINGTON.— Senate passes AAA amendments. Medium inheritance tax planned as Congress presses for adjournment. House in uproar as new attacks are launched against Roosevelt. Treasury to start minting midget money soon. Roosevelt ousts Pearson as Governor of Virgin Isles and names Cramer, N. Y., Acting Governor. Business warned by Senate lobby board tax bill opposition will be probed.

FOREIGN ROME. — Italian government bonds dip sharply as nation goes off gold. Papers bitter against Britain's arms embargo stand. LONDON.—Britain still presses for Ethiopian peace. French side with Italy. TOKYO.—Japanese press bitter against Italy in Ethiopia row. BELFAST.—Scores held in religious revolt. BERLIN. — Nazis threaten to legislate all Jews out of Germany. MEXICO CITY.—Agrarian revolt spreading through Mexico.

NORTH MALONE, N. Y.—Dutch Schultz to be jailed during trial on tax evasion charges.

SOUTH BROWNSVILLE, Tex.—Mexican state opposite Texas under seige as peasants revolt. ELKTON, Md.—Jap beetle infestation worst in State's history.

WEST TERRE HAUTE, Ind.—General strike called off. BLUE RAPIDS, Kas. — Posses seek three suspected killers.

LOCAL 11,000 on relief in county to be transferred to Works Project Administration jobs. Modified and adjusted coal rates to Atlantic City and vicinity ordered by I. C. C. Police to register all in city convicted of crimes. No inspector of detective bureau at present, Mayor says. Ott sees Asbury debt decision as applying here. Altman in first grand jury appearance as Prosecutor tomorrow.