Cataract City Bank (Paterson, NJ)

Episode Information

Episode UID
827724090721
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
82772409 hash
Start Date
January 1, 1860*
Location
Paterson, New Jersey (40.917, -74.172)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
65fc454d2b8d5361

Response Measures

None

Description

Newspapers sometimes spell Paterson as Patterson (OCR/typo).

Events (1)

1. January 1, 1860* Receivership
Newspaper Excerpt
The bank was chartered in 1856 and failed four years later. The receiver, John L. Griggs, has $3,705 to distribute among the claimants.
Source
newspapers

Newspaper Articles (10)

Article from The Topeka State Journal, August 11, 1910

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Article Text

GET FUNDS AFTER FIFTY YEARS. Creditors Receive Dividend on Cataract City Bank. Paterson, N. J., Aug. 11.-After waiting 50 years the creditors of the defunct Cataract City bank here are to receive a first dividend on their claims. The receiver, John L. Griggs, has $3,705, to distribute among the claimants, the money having been obtained after a series of legal battles with the estate of a former receiver who died in 1872. The bank was chartered in 1856 and failed four years later. Its president, Charles Sanford. and two other officials, William P. Sumner and J. M. Beach, were sent to the state prison for conspiracy. Sanford died in prison.


Article from The Madison Daily Leader, August 12, 1910

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Article Text

Wait Fifty Years for Dividend. Paterson, N. J., Aug. 12.-After waiting fifty years the creditors of the defunct Cataract bank are to receive a first dividend on their claims. The receiver, John L. Griggs, has $3,705 to distribute among the claimants, the money having been obtained after a series of legal battles with the estate of a former receiver who died in 1872.


Article from Bismarck Daily Tribune, August 12, 1910

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Article Text

AFTER FIFTY YEARS BANK PAYS DIVIDEND By Associated Press. Patterson, N. J., Aug. 11.-After waiting fifty years the creditors of the defunct Cataract City bank are to receive a first dividend on their claims. The receiver, John L. Griggs, nas $3,705 to distribute among the claimants, the money having been obtained after a series of legal battles with the estate of a former receiver, who died in 1872. The bank was chartered in 1856 and failed four years later. Its president, Charles Sanford, and the other officials, William P. Sumner and J. M. Beach, were sent to the state prison for conspiracy. Sanford died in prison.


Article from The Bemidji Daily Pioneer, August 13, 1910

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Article Text

{ Wait Fifty Years for Dividend. Paterson, N. J., Aug. 12.-After waittng fifty years the creditors of the defunct Cataract bank are to receive a first dividend on their claims. The receiver, John L. Griggs, has $3,705 to distribute among the claimants, the money having been obtained after a series of legal battles with the estate of a former receiver who died in 1872.


Article from The Ely Miner, August 19, 1910

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Article Text

GENERAL NEWS. Alfred Villa reached Tucson, Ariz., after driving forty miles with the dead body of his brother, who had been killed by lightning. The surviving boy was paralyzed and could use only one hand. The French mail steamship Salazic, which was reported in distress 32 miles off Jervis bay Monday, arrived at Sydney, N. S. W., in tow of the steamer Pacifique. Telegraph companies after August 18 will discontinue the frank system, complimentary business being at an end. Robert Treat Paine, president of the American Peace society and widely known as a philanthropist, died at his home in Waltham, Mass. He was a sufferer from paralysis. An excursion train from Bordeaux, with 1,200 passengers and running at a speed of 50 miles an nour, crashed into a freight train at Saujon, France. Thirty-two persons were killed and 100 injured. Many of the victims were school girls. A misplaced switch caused the accident. Rioting was resumed in Columbus, O., and one man was fatally shot and five others injured. So fierce was the violence of the crowds that all street car traffic was abandoned. After keeping his secret for two years, Thomas Mooney confided to a friend in Kansas City, Kan., that he had clubbed his stepfather to death in a quarrel. The friend repeated the confession, the police heard of it, and Mooney is in jail. Four persons were killed and three injured when a south-bound passenger train on the Chicago & Erie railroad struck an automobile at a crossing near Rochester, Ind. With every clue proving at fault, the police who have been investigating the mysterious killing of the wealthy attorney, William L. Rice, in Cleveland, have fallen back on the theory that the murder was the work of holdup men. Nearly 400 persons have perished and 500 are missing as a result of the flood that threatened to submerge all of Tyko. The damage to property is enormous. The body of a woman identified as Mrs. Henry Hall of Huntington, W. Va., was found in the Ohio river at Catlettsburg, Ky. It is believed the woman was robbed and murdered. Forter Charlton's extradition hearing for wife murder in Italy was set for September 20 at New York. Uhfan, 1:58%, king of harness horses, trotters or pacers, was the title hung up at the North Randall grand circuit meeting at Cleveland. The black son of Bingen trotted the mile track in 1:58% without a falter all the way and without the aid of a wind shield. The twenty-fourth annual session of the National Fraternal Congress was called to order by President Thomas H. Cannon in Detroit. After waiting fifty years, creditors of the defunct Cataract City bank at Paterson, N. J., are to receive the first dividend on their claims. Angered because his wife refused to live with him, W. J. Myer, forty years old, an expert with the revolver, shot and instantly killed his wife, Grace M. Myer, twenty-five years old; his son Ralph, aged seven, and his father-in-law, F. S. Bouton, aged fiftyfive, and then took his own life.


Article from The Elbert County Tribune, August 26, 1910

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Article Text

Walt Fifty Years for Money. Paterson, N. J.-After waiting fifty years the creditors of the defunet Cataract City bank are to receive a first dividend on their claims. The receiver, John L. Griggs, has $3,705 to distribute, money obtained through a series of legal battles with the estate of a deceased receiver.


Article from The Washburn Times, September 8, 1910

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Article Text

Wait Fifty Years for Money. Paterson, N. J.-After waiting fifty years the creditors of the defunct Cataract City bank are to receive a first dividend on their claims. The receiver, John L. Griggs, has $3,705 to distribute, money obtained through a series of legal battles with the estate of a deceased receiver.


Article from The Charles Mix New Era, September 9, 1910

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Article Text

Wait 50 Years for Payment. Paterson, N. J.-After waiting fifty years the creditors of the defunct Cataract City bank are to receive a first dividend on their claims. The receiver, John L. Griggs, has $3,705 to a distribute, money obtained through series of legal battles with the estate of a deceased receiver.


Article from Dakota Farmers' Leader, September 9, 1910

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Article Text

Wait. 50 Years for Payment. Paterson, N. J.-After waiting fifty years the creditors of the defunct Cataract City bank are to receive a first dividend on their claims. The receiver, John L. Griggs. has $3,705 to distribute, money obtained through a series of legal battles with the estate of a deceased receiver


Article from The Celina Democrat, September 16, 1910

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Article Text

Wait 50 Years for Payment. Paterson, N. J.-After waiting fifty years the creditors of the defunct Cataract City bank are to receive a first dividend on their claims. The receiver, John L. Griggs, has $3,705 to distribute, money obtained through a series of legal battles with the estate of a deceased receiver