Suspension followed an 11/19/1871 run tied to losses/speculation and alleged misappropriation; later receiver and bankruptcy adjudication occurred.
Events (4)
1.November 19, 1871Run
Cause
Bank Specific Adverse Info
Cause Details
Runs triggered by alleged connection to Tweed's Guardian Savings Bank and reported losses/speculation (Hannibal & St. Joseph stock) and association with the 'Ring'.
Measures
None beyond suspension later that day; officers later claimed ability to meet demands after delay.
Newspaper Excerpt
An extensive run on the Bowling Green Savings Bank to-day was caused by its rumored connection with the Guardian Savings Bank.
Source
newspapers
same day
2.November 19, 1871Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension due to exhaustion of capital after heavy withdrawals connected to alleged speculative losses and ties to the Tweed 'Ring'.
Newspaper Excerpt
The Bowling Green savings bank ... suspended payment at three o'clock in the afternoon, having exhausted its capital.
Source
newspapers
+9 days
3.November 28, 1871Receivership
Newspaper Excerpt
Receiver Knapp of the Bowling Green Savings Bank has not yet completed his work, but hopes to lay before the depositors ... a complete exhibit of the accounts and financial condition of bank.
Source
newspapers
+82 days
4.February 18, 1872Other
Newspaper Excerpt
The Bowling Green Savings Bank Adjudicated an Involuntary Bankrupt. Before Judge Blatchford. The Court ordered an adjudication of bankruptcy against it by default.
Source
newspapers
Newspaper Articles (22)
1.November 19, 1871New Orleans RepublicanNew Orleans, LA
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NEW YORK. Brooklyn Election Returns in Court-Eu on the Bowling Green Savings BankGovernments Very Firm-Weekly Bank Statement. NEW YORK, November 18.-Judge Gilbert denied the application to compel the Brooklyn board of canvassers to reject the returns of certain districts in Brooklyn. An extensive run on the Bowling Green Savings Bank to-day was caused by its rumored connection with the Guardian Savings Bank. Evening.-The bank statement shows: Loans increased $1,500,000; specie increased over$2,250,000; legal tenders incr eased over $3,250,000; deposits increased nearly $5,000,000. Money easy at 5@6 per cent on call loans, with exceptions at 3@4' at the closing. Sterling exchange firm, 94694. Gold 111@1111. Governments very firm; Sixes of 1881, 117%; five-twenties of 1862, 111%; 1864, 111 1/2; 1865, new issues 11416; 1867, 114 % 1868, 115; ten-forties, 110. State bonds inactive; old Tennessees steady, 66 1/2, new heavy, 66; Virginias stead, old 59 1/s; new 67; North Carolinas firm. old 38% new 1914; South Carolinas, old 72, new weak, 27 1/2; Louisianas old 65, new 55; levee sixes 68, eights 75; Alabama eights 98, fives 65; Georgia sixes 80, sevens 86. Patrick Barry died yesterday from eating herrings brought from London on the steamship Devonter, which had become impregnated with arsenic, which was part of the cargo. The health authorities are investigating the case. The Catholics at Hunter's Point threatened violence against the public schools in the first ward of that place, on account of the Bible being read there. The police were yesterday detailed to protect the building. Notice has been given that the painters, bricklayers, housesmiths, stairbuilders and joiners' unions will withdraw from the Workingmen's Union, as the latter is being used mostly to advance the interests of politicians. There was a heavy run on the National and Bowling Green savings banks to-day, the latter of which Henry Smith, police commissioner, is president, suspended payment at three o'clock in the afternoon, having exhausted its capital, $60,000. Its officers claim that at the end of sixty days the bank will be able to meet all demands. The National Savings Bank is also reported to be unable to stand the pressure, and has closed its doors before the end of business hours. It is rumored there will be a run on other banks Monday. The Guardian Savings Bank, William M. Tweed, president, previously reported suepended, has its portals barred, and all entrance to the building is denied. Arrived: Steamer City of Brussels, City
2.November 19, 1871Nashville Union and AmericanNashville, TN
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The run on the Bowling Green Savings Bank caused suspension at 2 o'clock this afternoon. The officers of the bank say that at the end of thirty days it will be able to meet all demands. It is reported there will be a run on other banks Monday. The National Savings Bank also suspended today, making three in all. There is considerable excitement about the Guardian Savings Bank to-day. The depositors were assembled in large numbers around the bank, though no demonstration was made. The friends of Tweed tried to pacify the crowd by saying it would resume Monday. Prominent Tammanyists have official connection with all three of the suspended banks, Tweed being President of the Guardian Bank, and Police Commissioner Henry Smith of the Bowling Green Bank.
3.November 19, 1871The New York HeraldNew York, NY
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The Savings Banks Troubles. The suspension of the Guardian Savings Bank, which was controlled almost entirely by the capitalists of the "Ring," and of which William M. Tweed was President, is a natural result of the collapse of the "Ring" itself, and also goes to explain the run which commenced yesterday on the Bowling Green Savings Bank-an institution near of kin to the "Boss' own, and on the National Savings Institution, which has been luckless enough to have a Tweed (Jr.) among its directors. There is no need to feel any uncertainty in regard to the great majority of our savings institutions, for they are, as a rule, honestly controlled and are considered perfectly sound. The Guardian and Bowling Green are the only ones that have an acknowledged affinity with the "Ring" management, and they doubtless feel now that a good name 13 better than silver or gold. It is to be earnestly desired that the laboring men whose bread and meat depend upon the little sums they have deposited in these concerns may suffer no loss. Nothing that bas yet been proven against the "Ring" managers will go so far to render the lower classes indignant as to thus bring "Ring" rascality to bear directly on their own slim pockets. Better that every man of means in the directory of these banks sacrifice his whole fortune than that these worthy and needy depositors go unpaid.
4.November 20, 1871The Daily State JournalRichmond, Alexandria, VA
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LATEST NEWS. FROM NEW YORK. New York, Nov. -There was a run on the National and the Bowling Green Savings banks to-day. The latter, of which Henry Smith, the police commissioner, is president, suspended payment at 2 o'clock P.M., having exhausted its capital of $50,000. Its officers claim that at the end of sixty days the bank will be able to meet all demands. The National Savings bank is also reported to be unable to stand the pressure, and to have closed its doors before the end of business hours. There will be a run on other banks on Monday. The Guardian Savings bank, previously reported suspended, has its portals barred, and all entrance to the building is denied. Notice has been given that the Painters' Bricklayers', Housesmiths', Stair-builders and Joiners' unions will withdraw from the Workingmen's Union, as the latter is being used mostly to advance the interest of the politicians. Judge Gilbert has denied the application to compel the Brooklyn Board of Canvassers to reject the returns of certain districts in Brooklyn. New York, Nov. 19. A special detective of the United States sub-Treasury left for Europe to secure the arrest of Andrew J. Garney. One "cholera death to-day at Quarantine. Forty cases remain. All of which are doing well. Arrived, "Herman Livingston" and the Russian frigate "Swetland" with the Grand Duke Alexis on board. New York, Nov. 19.-The - Sunday Herald says the primary cause of the suspension of the Bowling Green Savings Bank is said to have been the loss of a quarter of a million of dollars in Hannibal and St. Joseph stock, in which the officers and directors are alleged to have speculated with its frauds. Mr. Selmes, its secretary, stated last evening that they would not be able to open the doors soon, if at all. He says the liabilities and assets are each about half a million, and that the bank will be able after awhile to meet every obligation. They have ample securities, but have been obliged to bear the odium of connection with the ring for three months, and to raise money had to sell securities at a heavy discount. New York, Nov. 19.-Richard Tweed retires from the Metropolitan Hotel December 1st. Applications were made to the British Consulate yesterday by three naturalized citizens for permission to resume their allegiance to Great Britain. The Williamsburg Mormon church is breaking up. Most of the leaders have gone to Utah. The Episcopal church, corner of One Hundred and Twenty-seventh street and Fourth avenue, was burned last night.The loss is small, as the building was of wood.
BOWLING GREEN BANK SUSPENDED. Therun on Bowling Green Savings Bank caused a suspension at 2 o'clock this afternoon. The officers of the bank say that at the end of sixty days it will be able to meet all demands. OTHER BANKS THREATENED TO-DAY. It is reported that there will be a run on other banks Monday. A THIRD SUSPENSION. The National Savings Bank also suspended to-day, making three in all. EXCITEMENT ABOUT TWEED'S BANK. There was considerable excitement about the Guardian Savings Bank to-day. The depositors were assembled in large numbers around the bank, though no demonstrations were made. The friends of Tweed tried to pacify the crowd by saying that the bank would resume on Monday. Prominent Tammanyites have had official connection with three of the suspended banks, Tweed being President of the Guardian Bank, and Police Commissioner Henry Smith, of Bowling Green, in the office. SMALL-POX. / Nine new cases of small-pox are reported to-day. This makes thirty-nine cases since Saturday last. QUARANTINE CHOLERA. The cholera at Quarantine is now supposed to have been subdued. No deaths have occurred since Thursday. The Humboldt, of the same line as the Franklin, expected to arrive on Tuesday. it is feared, will have a portion of the disease on board.
The loss by the burning of the Episcopal church on One Hundred and Twenty-seventh street last night will reach $20,000; insured for $12,000 in the Central and Hope companies. The fire is supposed to have originated from the furnace used for heating the church. The arrival of Alexis at the unseemly hour of one o'clock Sunday morning was very unfortunate for reporters and the committee of Reception. The Russian Minister and committee of Reception knew nothing of the arrival of the Prince until 8 A. M., when the news created great excitement at Clarendon Hotel. The Russian Minister immediately hired a tug and proceeded down the bay, and has taken up his quarters since on the frigate. The committee of Reception are somewhat disorganized by the suddenness of the arrival, and if the reception takes place to-morrow morning it will not be so grand as if less hurriedly prepared. The Prince will come up at daylight in the morning, but will not land till about 2 P. M. The regular programme for his reception, which has been already published, will then be carried out. The Commander in Chief of the National Guard has issued a notice ordering the troops previously selected for the occasion to be ready and form in line at 1:30 P. M. for the reception. The Prince will, it is believed, remain over night in this city and depart for Washington early Tuesday morning. It is generally believed that the assets of the Guardian and Bowling Green Savings Bank, which suspended last week, will prevent any loss to the depositors. Rumors having been circulated that the National Savings Bank, 609 Broadway, has suspended. The Directors have published a card denying the rumors, and stating that all the depositors will be paid in full on presenting their book.
7.November 20, 1871The Daily DispatchRichmond, VA
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Affairs In New York. NEW YORK, November 18.-There was a run on the Nationaland the Bowling Green Savings Banksto-day. The latter, of which Henry Smith, the police commissioner, is president, suspended payment at 2 o'clock P. M., having exhausted its capital of $50,000. Its officers claim that at the end of sixty days the bank will be able to meet all demands. The National Savings Bank is also reported to be unable to stand the pressure and to have closed its doors before the end of business hours. There will be a run on other banks on Monday. The Guardian Savings Bank, previously reported suspended, has its portals barred, and all entrance to the building is denied. Notice has been given that the painters, bricklayers, house-smiths, stair-builders and joiners unions will withdraw from the Workingmen's Union, as the latter is being used mostly to advance the interest of politicians. Judge Gilbert has denied the application to compel the Brooklyn board of canvassers to reject the returns of certain districts in Brooklyn.
THE SUSPENDED SAVINGS BANKS. NEW YORK, November 20. Hon. Edward Schell has been appointed recelver of the National Savings Bank. It is believed that the Guardian and Bowling Green Savings Bank will be enabled ultimately to pay in full.
NEW YORK CITY. EX-COMPTROLI CONNOLLY. NEW YORK, Nov. .97.-Ex-Comptroller remained all night at the New in the custody of Connolly York Hotel, evening the Sheriff's he officials; during the day and a large friends, whom were many are the among was visited by number prominent finest of in citi- the Sam'l J. hotel. zens. His Mr. rooms Courtney, bail his would attorthat Mr. Connolly's have been not taken at the ney, says place procured inopportune had the arrest moment requisite will be after which that furnished, it did. To-day Mr. bonds of Courtney arrest. will to set aside the order He is says move Connolly confident unfounded of vindiand declares as has intention to cating that he himself, any of going Europe. Brennan Club, named after the held an important yesSheriff, The meeting representaat which were present tives ward in yerday, from every the form city. a Theof the meeting was to perto candimanent object organization nominate offices. dates for city and county Senator Jas. O'Brien has been tendered the Coloneley of the 88th Irish Regiment. TALK OF RESCUING CONNOLLY. It is stated that the St. Patrick Mutual rescuing Alliance Connolly Society yesterday, made and threats that of they declared that the Sheriff was very severe on the ex-Comptroller in not allowing him to go to his family. "It is believed that least rors on the present The at Tribune one, perhaps says: Grand three, Juury of theju- are active communication with Tammany." The Grand Duke visited the Brooklyn Navy Yard to-day. The Fisk injunction case was adjourn+ ed until Friday. Judge Brady announces that there will be further adjournment. There is a general feeling among friends that of have a Seventy Connolly's committed the Committee breach be of faith, as Connolly did not expect to proceeded against in view of his aid to the Reformers. When the injunction case of Fisk against Miss Mansfield and Stokes came before denied their an Judge that Brady request 0-day, for Fisk's adjourn- counsel ment based on the matter was brought before bailed any desire another late this to Judge. after- have Connolly was not noon. The sureties found early in the day, Messrs. Washington Connolly, Michael Tuomery, Thos. J. Cohill, John Morrissey and Bernard Kelly were unato to ble Henry justify Hart appeared in the required brother and declined and amount. furnish the security, his partner refusing to assent to assuming so large a responsibility. The gentlemen who have entered bonds thus far are George Hoffman, $200,000; Owen McGovern, $200,000; Washington Connolly, $100,000; Thos. B. Connolly, $100,000, and Charles $200,000. Total, $800, said that permitted rooms at the 000. It to Connolly, is occupy Connolly will New be York Hotel a reasonable period, but if the bail is not then obtained, he will be commit. ted to the Ludlow Street Jail. Rumor says that Tweed has resigned his office as Commissioner of Public and that will Works, Francis M. Redby by be appointed ns his successor Mayor Hall. It is said that the prospective arrest of Peter B. Sweeney will result in an investigation by Jackson 8. Schultz into the which it were to deposited aflairs would of appear the therein Nassau that the large Bank, credit amounts from of James M. at same ward Sweeney deposited the for Tweed time in that the Broad- Woodway Bank, and that these moneys were really for Peter B. Sweeney. The case of the United States VR. Wild & Co., has been postponed until December 16. The Receiver of the Green to Savings Bank will report Bowling its condition the depositors next Wednesday. A burglar was caught this morning in c the act of robbing Tiffany & Co. of $15, 000 worth of watches. a There were ten new cases and four h Il deaths from small pox to-day. There were 158 deaths from this disease in Philadelphia last week, and 92 new cases reported there yesterday. Charles Pilgrim, a well known veterinary surgeon, died Saturday in Brooklyn. ti The Grand Duke Alexis and shite at. tl tended the opera at the Academy of Music to-night, and were enthusiastically tl received by the audience, while the band a played the Russian National hymn. At a late nour to-night Connolly had procured but $900,000 bail.
10.November 28, 1871New-York TribuneNew York, NY
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NEW-YORK CITY. The trustees of the Museum of Natural Ilistory at Central Park will give a second reception at the Museum to-day, from to The new Turner Hail in Fourth-st. is rapidly approaching completion. It will include a theater, ky innasiuma, and several club rooms. A reception of the pupils of the Girls' Department of Grammar School No. 48, on Twenty-eighth+ st. near Sixth-ave., will be held at 1:00 this afternoon. The following appointments in the NewYork Custom House have been confirmed at the Treasury Department: John O'Brien, Weigher; M.C. Hart, Store keeper; Charles Cumberson. Inspector; S.J.Burr, Clerk. Receiver Knapp of the Bowling Green Savings Bank has not yet completed his work, but hopes to lav before the depositore, to-morrow, a complete exhibit or the accounts and of the financial condition of bank. The French Society Union Fraternelle has rai 04 by subscription $392 for the relief of From the office of the Starts Zilling $2,825 has forces tran mitted to Milwaukee for the of mean 101018 in the North-West. The New-York Infant Asylum at No. 21 Clinton-place was opened, yesterday, for practical operatleas. So great was the pressure for admission that four inimates were received, LISE week, 111 advance of the appointed day of opening. About 100 of the sailors of the Russian equadrom in the stated lessee ab. and visited the city yesterhav. Their r behavior orderly, and they se med much Interested what they saw. The tug-boat George Farrell, Capt. Brown, while off Sandy Hook. at 11 a. 111. yesterday, was run GOWD and smale by bank and crew were resented by a problem THE the owned by Capt. Brown. and partly masted. In the case UI The United States agt. Henry now trying the Unit states Disab of to by defendent Contributions are solicited by the principal of the Wilson Mission House, at the corner of Avenue for and the Tandities attending the Mission Church at 31.00 Patrick Mack, a Revenue officer, report- that was yesterday, ten unstamped barrels of whisky on a truck near Howard-st and Broadway, he Import continu to Mack e returned the the, but body was hurt, menescaped. Ladies still I in inviting 1Y rob have trade. The annual election for officers of the York Union will take place Dec.5. The the the cabilitates 10P in pranci-
11.December 13, 1871The New York HeraldNew York, NY
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SUPREME COURT-CHAMBERS.
The Bowling Green Savings Bank.
Before Judge Cardozo.
In the Matter of the Bowling Green Savings Bank.-Application was made by the Receiver for leave to commence suits and proceedings to collect the assets of the bank. The application was granted.
Decisions.
By Judge Cardozo.
In the Matter of John G. Lamberson.-The exceptions are overruled.
Mary Bronson vs. John Townsend et al.-The motion is too late. Denied, without costs.
In the Matter of the Application of Levi Gray et al.-Motion granted to extent of $500; no costs.
Topping et al. vs. Ferguson et al.-Motion granted.
In the Matter of Ellen M. B. Connolly.-Application granted for confirmation of sale.
Merwin vs. Merwin et al.-Confirmed by default.
Amelia A. Dietz vs. John Dietz.-Motion granted for payment of counsel fee and alimony.
Pomeroy vs. Mortimer.-Motion granted.
Same vs. Same.-Motion to amend granted on payment of $10 costs.
Mary E. White vs. William E. White.-Motion denied, with leave to renew on further proofs.
Same vs. Same.-The father should be permitted to visit the children. Time and place will be designated in the order.
Pendergast et al. vs. Boist.-Findings and decree settled.
Luke vs. Harrington et al.-Motion granted arresting injunction.
Luy et al. vs. Thompson.-Plaintiff may enter judgment; levy to stand as security. Default to be opened, and cause set down for next Friday. Defendant to pay $7, cost of motion.
In the Matter of the Petition of Fanny M. Ormsby.-Memoranda for counsel.
Graham vs. Meyer et al.-Same.
Gopstil vs. Heath.-Motion granted on payment of $10 costs.
Ingersoll vs. Roe.-Memoranda for counsel.
Chase vs. Winant.-Motion granted without costs.
In the Matter of the Petition of Patrick Tracy to Vacate Assessment.-Memoranda for counsel.
Andreas vs. Church et al.-Motion denied. Costs to abide event.
In the Matter of the Petition of Robert McCarter et al. to Vacate Assessment.-Memoranda for counsel.
Winch vs. The Mayor et al.-Taxation correct.
Hawley vs. Dorman.-Motion denied. Costs to abide event.
Valentine, Receiver, vs. Thistle et al.-Referred back.
Snow et al. vs. Rice.-Motion granted unless paid within five days.
Fettritch vs. McKay.-Motion granted.
Brown vs. Ellis.-Costs of motion to abide event.
Malcolm vs. Allen.-Motion denied; costs to abide event.
Butler vs. Torbet et al.-Order granted.
Lowden et al. vs. Lowden et al.-Findings settled.
Littell vs. Quackenbush.-Order granted.
Low vs. Goodridge.-See memoranda of decision.
In re Wilmerding et al. vs. M. H. Fowler.-Same.
By Judge Brady.
Smith vs. Davis.-See memoranda of decision.
There is much feeling in the Roman Catholic circles in New York city owing to a rumor that over $90,000 belonging to the Catholic Foundling Institution were deposited in the Bowling Green Savings Bank, which suspended.
vanced to 43/6 to-day-t highest point attained for some time past. Lake Shore directors to-day declared a dividend of 4 per cent, payable February 1st-the transfer books to close January th. It is stated that there will be no dividend on St. Paul common. A run was commericed on the Third avenue savings bank this morning. The bank officers say that the bank is able to make all necessary payments The drain lasted all dav. Three hundred thousand dollars have thus far been paid out, and there is half a million dollars cash still on hand, while a million in securities can be converted inside of one day. Another savings bank offered to advance the Third Avenue a quarter of a million, but the offer was declined. Thus far about $15,000 have been paid to the small depositors of the Bowling Green savings bank.
14.January 22, 1872Evening StarWashington, DC
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The Run on the New York Savings Banks. NEW YORK, Jan. 22.-There is a large crow4 in Nassau street, composed of depositors in the Market Savings Bank. Cries of "Swindlers," "Robbers," "Highwaymen," are frequent, but no overt acts are committed. Excitement is visible on all countenances. No one is admitted to the bank but the receiver and officers of the broken institution. The general impression is that the statement will show unparalleled knavery. The retrenchment committee have decided to stay here another week. The run on the Third-avenue Savings Bank ceased to-day. A depositor to-day petitioned that the Bowling Green Savings Bank be declared bankrupt.
15.January 24, 1872The New York HeraldNew York, NY
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# BOWLING GREEN SAVINGS BANK.
Indignation Meeting of the Depositors-Report of the Investigating Committee-Officials of the Bank Denounced-Criminal Proceedings to be Instituted.
A meeting of the depositors of the Bowling Green Savings Bank was held last night at 72 Greenwich street for the purpose of hearing the report of the committee appointed to investigate the affairs of the institution. There was a large attendance, and the proceedings were listened to with deep interest.
Judge Hogan presided, and in calling the meeting to order said that at a meeting of the depositors of the bank held some time ago a committee was appointed to examine into the affairs of the bank. That committee consisted of five persons, with the chairman of the meeting. Subsequently that committee delegated their authority to Mr. Phillips and himself. Two or three weeks ago Mr. Phillips was called away. At the earnest solicitation of many of the depositors he (the Chairman) undertook to examine the affairs of the bank himself at that point where Mr. Philips had left off, and he was enabled to present the condition of the institution so far as he could ascertain. He desired to say that if any person had suffered hardship by reason of the bank suspended he had suffered owing to the fact that those who had managed its affairs did not live in the neighborhood, and many of the de-
16.February 5, 1872New-York TribuneNew York, NY
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BANK DEPOSITORS' GRIEVANCES. About 1,300 depositors have signed the petition protesting against placing the Market Savings Bank in bankruptcy. Mrs. 8. F. Mackey's petition to have the bank thrown into bankruptcy came up before Judge Blatchford on Saturday. Counsel for the bank stated that he had arranged with counsel for the petitioner for an adjournment for one week. Two new petitions of a similar nature were presented and pronounced imperfect in form. James H. Montfort of Green Vale, Long Island, called upon a member of the Depositors' Investigating Committee on Saturday, and stated that several days before the failure of the bank. Mr. Van Name told a mutual acquaintance of the critical state of the bank. and said that he had withdrawn his account. In addition to this, Mr. Montfort affirms that Mr. Van Name advised several persons residing in Green Vale to withdraw their deposits, and told the teller to inform his friends in Green Vale so that they might withdraw their money in time. Mr. Montfort states that 15 persons withdrew their deposits some four days before the collapse, others on the day previous, and two. he affirms, were quietly admitted into the bank the day of the failure, when it was closed to the public, and received the amount of their deposits in full. The President, Mr. Van Name, denies the charges. A meeting of the depositors of the bank will take place to-day, in the First Dis trict Court. Mr. Worth, the receiver, is expected to be present and to address the audience on the condition of the bank. The run upon the Third Avenue Savings Bank was very light on Saturday. the number of people about the building and the amount of money withdrawn being much smaller than on any day since the run began. Many of the depositors drew out portions of their accounts, and others withdrew their interest only. In reference to the petition in bankruptey, filed against the bank on Friday. the officers are confident that it will not be granted. They characterize the proceeding as entirely malicious, and done at the instigation of the party of disappointed politicians who wanted to control this bank, and, failing in which, they have used every dishondrable means to effect its ruin. The Eighth National and Stuvvesant Banks' depositors meet to-day.1 to consider the condition of their banks, the prospects for the payment of dividends, and the prevention of bankruptcy proceedings. Judge Blatchford heard the motion of Aaron May, on Saturday, to have the Bowling Green Savings Bank placed in involuntary bankruptcy. Counsel for the bank said that a judgment had been obtained in the State Court against the bank, dissolving the bank before service in the bankruptcy proceedings had been made upon the Secretary of the bank. The Court held that the service was defective, as, there being no bank. there could be no Secretary, and an adjournment was had to give the petitioner time to make service by publication.
17.February 14, 1872The Daily State JournalRichmond, Alexandria, VA
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FROM NEW YORK -New York, Feb. 13.-The officers of the Bowling Green Savings bank have been arrested on the charge of misappropriation of the funds of the institution. The vicepresident of the bank has been bailed in $50,000. The Morrisiana Hotel, at Morrisiana, has been burned, the inmates narrowly escaping with their lives. The Methodist preachers here favor a longer term of ministration. The subject will be brought before the General Conference. The French residents have subscribed four thousand dollars during the week to aid in the payment of the German war debt. The receiver for the Sturtevant Savings bank reports enough assets to cover the liabilities. The jury in the Stokes trial was completed to-day, and the court adjourned to to-morrow.
18.February 14, 1872The Daily DispatchRichmond, VA
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New York Items. NEW YORK, February 13.-The officers of the Bowling Green Savings Bank have been arrested on the charge of misappropriation of the funds of the institution. The Morrisiana Hotel, at Morrisiana, has been burned, the inmates narrowly escaping with their lives. The Methodist preachers here favor a longer term of ministration. The subject will be brought before the general conference. The jury in the Stokes trial was completed to-day, and the court adjourned until to-morrow. O'Baldwin has accepted the Mace challenge. The French residents have subscribed four thousand dollars during the week to aid in the payment of the German war debt. The receiver of the Sturtevant Savings Bank reports enough assets to cover the liabilities. The vice-president of the Bowling Green Savings Bank has been bailed in $50,000.
19.February 18, 1872The New York HeraldNew York, NY
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UNITED STATES DISTRICT COURT-IN BANKRUPTCY.
The Bowling Green Savings Bank Adjudicated an Involuntary Bankrupt.
Before Judge Blatchford.
Yesterday was the return day of the order to show cause why the Bowling Green Savings Bank should not be adjudicated an involuntary bankrupt on the petition of Aaron May, a depositor. Proof was offered of the publication of the order.
Mr. Devlin appeared on behalf of the Receiver of the Bank, Mr. Shepherd Knapp, and objected to the jurisdiction of the Court for the reason that the bank had been dissolved before the filing of the petition and the service of the papers; that, therefore, there was no bank to adjudicate bankrupt; and that the State Court had obtained control of the matter by the appointment of a receiver. Counsel argued that so far as the bank was concerned in these proceedings before the Court, it was a dead institution, and could not be adjudicated bankrupt, or called upon to answer or show cause.
Judge Blatchford said these points had been already passed upon. He had repeatedly held that there was no force in them as against the Bankruptcy law.
The bank was then called, and there being no appearance on its behalf,
The Court ordered an adjudication of bankruptcy against it by default.
Voluntary Petitions in Bankruptcy.
Moses Sternheimer, William D. Woods, Simon Openneim, David G. Hackney.
Adjudications in Involuntary Cases.
Charles D. Matthews, John W. Decker, The Virgil Price Manufacturing Company, William A., Parker, Chancellor H. Brooks, Theodore F. Pier, Kieran Mack, Hugh Commiskey, Francis Commiskey, James M. Adams, James M. White, Charles E. White, Stephen O. Whitmore, The Market, John D. Clark, George S. Clark, Thomas Wheen, Victor Girandy, A. Warner Platt, Henry Altenbrand, Louis Altenbrand.
Discharges.
Edward B. Buckley, Francis F. Cecil, Edwin H. Weed, George Kerr.
20.March 8, 1872The New York HeraldNew York, NY
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SUPREME COURT-CHAMBERS.
About the Custody of a Child.
Before Judge Ingraham.
In re Frederick Miller.-Between the parents of the relator, who is six years old, a suit for divorce is pending, the father bringing the suit. Upon their separation the father retained custody of the relator and the mother of their other child, a daughter. Application was made on behalf of the mother for the custody of the boy, on the ground of alleged unfitness of the father, by reason of his violent temper, to have the care of a child of such tender years. The Court refused to interfere in the case, as such interference might prejudice the proceedings in the divorce suit.
Decisions.
Chamberlain vs. Ostrander.-Motion denied.
Comstock vs. Martin.-Motion granted. Reference ordered to Murray Hoffman.
Sloan vs. Martin.-Same.
Franklin Manufacturing Company vs. Holman.-Motion granted.
Todd vs. Fortune-Same.
In the Matter of the Receivership of Bowling Green Savings Bank.-Referred to A. C. Bradley.
Ely vs. Parker.-Motion granted.
NEW YORK CITY. NEW YORK, March 29.-An offer of compromise by Henry Smith, ex-President of the defunct Bowling Green Savinga Bank, to pay $50,000 on consideration of being released from further liabilities, was accepted yesterday by the creditors. It is said that two of Jay Gould's friends who remain in the Erie Directory will soon resign. The contracts made by the late management are to be re-examined. The case of Judge Barnard before the Judiciary Committee, was closed yesterday. The Judge submitted a protest against the consideration by the Committee of hearsay testimony. At a large meeting of Germans last evening, resolutions were adopted urging the passage of the new charter. Good Friday was faithfully and religiously observed in the churches of this city and Brooklyn. Business for the most part was suspended, and nearly all the public buildingo were closed. The weather was delightful, and the streets were crowded. Although the Stock Exchange was closed, a crowd of brokers gathered on the sidewalks, and several million of dollars in gold changed hands at 1101 and 110. Professor Morse passed a comfortable night last night, but his physicians do not yet pronounce him out of danger. An amendment to the New York charter has been adopted providing that the Board of Aldermen shall be composed of six aldermen from each Senatorial district, and two assistant aldermen from each Assembly district. A later Albany dispatch says the charter as amended has passed the Senate. The Brooklyn small-pox hospital is filled to overflowing. The blockade at the foot of Courtstreet, Brooklyn has been ordered to be removed by Judge Delmar. The situation otherwise is unchanged, and the people threaten to use force to prevent the use of the dock by scavengers. The case of Dutch Heinrich was up to day before the Court of General Sessions. The charge against Heinrich is that he, together with an accomplice, stole from H. M. Baker a box of bonds and other securities valued at fifty thousand dollars. Baker testified he had no doubt that Heinrich was one of the men engaged in the theft. The defense to-morrow will attempt to prove an alibi. General Winslow, President of the St. Louis & Southeastern railroad; General Croxton, President of the Paris & Big Sandy railroad, and those representing other sections of the proposed air line from the south bank of the Big Sandy riqer to St. Louis, have been here several days negotiating, looking to the completion of the line. The road will be finished in eighteen months. It appears that the mysterious order of arrest involves no prominent person, and is a mere private matter in which a good deal of money is at stake. It is reported that Hank Smith paid all the money he is liable for to the Bowling Green Savings Bank, but it proves to be untrue. Francis Herman was arrested to-day, charged with presenting false vouchers with the intention of defrauding the government out of money. There are twelve now cases of small pox in the city; three deaths day.
22.June 17, 1874New-York TribuneNew York, NY
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ANOTHER SUIT AGAINST WALTER ROCHE.
Action has been begun in the Superior Court, before Judge Monell, by Shepherd Knapp, receiver of the Bowling Green Savings Bank, to recover from Walter Roche $65,000 of the moneys of the bank lent by Mr. Roche previously, and without security, to the Avenue C Railroad Company and D. K. Kohlman. The suit is similar to the one tried some time ago in the Superior Court which resulted unfavorably to Mr. Roche,
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
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Bowling Green Savings Bank · Episode ID 879413990863
