Sharp & Bryan (New York, NY)

Episode Information

Episode UID
9456535491244
Episode Type
Suspension → Closure
Bank Type
broker
Bank ID
945653549 hash
Start Date
August 5, 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
45c097a7fa3d7551

Response Measures

None

Description

Firm assigned (filed schedules) indicating failure and assignment rather than a temporary suspension.

Events (1)
1. August 5, 1903 Suspension
Cause
Voluntary Liquidation
Cause Details
Firm 'assigned' to an assignee on Aug. 5 and subsequently filed schedules showing liabilities and assets.
Newspaper Excerpt
the suspension of Sharp & Bryan, brokers, with liabilities of $5,000,000 occurred in the afternoon
Source
newspapers

Newspaper Articles (6)
1. August 6, 1903 The Pacific Commercial Advertiser Honolulu, HI
Article from The Pacific Commercial Advertiser, August 6, 1903

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Article Text

Two Large Banking and Brokerage Firms Fail for a Large Amount. One California Desperado Nabbed---Carnegie Remembers His Birthplace---Quarter of a Million Bond for Wright's Release. (ASSOCIATED PRESS CABLEGRAMS.) NEW YORK, Aug. 6.-Things are looking dark in Wall street, where the recurring failures of the past fortnight have brought on fears of a panic. The suspension of Sharp & Bryan, brokers, with liabilities of $5,000,000 occurred in the afternoon and Hurlburt, Hatch & Co., another heavy firm, are suffering from grave shrinkages. The firm of Hurlburt, Hatch & Co., was founded in 1899 and is composed of three members: John Henry Hurlburt, E. Sanford Hatch, and J. Frailey Smith. Both Mr. Hurlburt and Mr. Hatch were formerly prominently connected with Wall street houses. The firm was active in dealings on the Stock Exchange from the first and has been regarded as one of the strongest banking and brokerage houses in New York. It had large connections all over the United States. Sharp and Bryan were also doing business on the Stock Exchange in a large way.

2. August 25, 1903 The Daily Morning Journal and Courier New Haven, CT
Article from The Daily Morning Journal and Courier, August 25, 1903

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Article Text

SHARP-BRYAN SCHEDULE. Liabilities $5,747,334 and Assets Over Eleven Million. New York, Aug. 24.-The schedule in the assignment of Sharp & Bryan, bankers and brokers, who assigned on August 5, were filed to-day in the supreme court. They show: Liabilities, $5,747,334; nominal assets, $11,258,064; actual assets exclusive of stocks and bonds pledged to secure loans, $397,437. The firm is composed of Willoughby W. Sharp and Charles S. Bryan. Justice Davis fixed the bond of the assignee at $300,000. The assets consist of equities in collateral held by secured creditors, $362,328; cash, $5,746; stocks on hand, $20,266; bonds on hand, $7,932: office furniture, $1,163. The principal secured creditors are Russell Sage, $201,330: J. P. Morgan & Co., $46,278; Morton Trust company, $1,116,570; Nassau Trust company, $201, 809; Western National bank, $387,388; Kuhn, Loeb & Co., $150,975; Heidelbach, Ickelheimer & Co., $101,049; Bank of America, $101,112; Goldman, Sachs & Co., $101,833; L. Von Hoffman & Co., $143,343; Lazard Freres, $702,215.

3. August 25, 1903 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, August 25, 1903

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Article Text

SCHEDULE FILED. Sharp and Bryan Creditors and Lia. bilities Made Public. New York, August 24.-The schedules in the assignment of Sharp & Bryan, bankers and brokers, who assigned on August 5, were filed today in the Supreme court. They show: Liabilities, $5,747,369; nominal assets, $11,258,064; actual assets exclusive of stocks and bonds pledged to secure loans, $397,437. The principal secured creditors are Russell Sage, $201,333; J. P. Morgan & Co., $46,278; Morton Trust company. $1,116,570; Nassau Trust company, $201,809; Western National bank, $387,388; Kuhn, Loeb & Co., $150,975; Heidelbach, Ickleheimer & Co., $101,833; Von Hoffman & Co., $142,343; Lazard Freres, $702,215.

4. August 25, 1903 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, August 25, 1903

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Article Text

Brokers' Schedules Filed. New York, Aug. 24.-The schedulea in the assignment of Sharp and Bryan, bankers and brokers, who assigned on August 5 were filed today in the Supreme Court. They show: Liabilities, $5,747.339; nominal assets, $11,258,064; actual assets exclusive. of stocks and bonds, pledged to secure loans, $397,437. The principal se-

5. August 25, 1903 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, August 25, 1903

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Article Text

FEW ACTUAL ASSETS. New York. Aug. 24.-The schedules in the assignment of Sharp & Bryan, bankers and brokers. who assigned on Aug. 5. were presented today in the supreme court. They show: Liabilities, $5,537,339; nominal assets, $11,258,064; actual assets, exclusive of stocks and bonds pledged to secure loans, $397.437. The principal secured creditors are Russell Sage, $201,333; Morton Trust company, $1,116,570; Nassau Trust company. $201,809: Western National bank, $387,388; Lazard Freres, $702,215.

6. August 25, 1903 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, August 25, 1903

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Article Text

Midway Horse Market. Minnesota Transfer, St. Paul, Minn.Barrett & Zimmerman report a slight revival in trade on heavy prime offerings outside of which the market continues sluggish with no indication of improvements. Values: Farm mares, extra $130@145 Farm mares, choice 110@130 85@110 Farm mares, common to good Drafters, extra 170@200 Drafters, choice 155@170 Drafters. common to good 125@155 Sharp & Bryan's Schedules. NEW YORK, Aug. 24.-The schedules in the assignment of Sharp & Bryan, bankers and brokers, who assigned on Aug. 5, were filed today in the supreme court. They show: Liabilities, $5,747,339; nominal assets. $11,258,064; actual assets, exclusive of stocks and bonds pledged to secure loans, $397,347. The principal secured creditors are Russell Sage, $201,333; J. P. Morgan & Co., $46,278; Morton Trust company, $1,116,570; Nassau Trust company. $201,809; Western National bank, $337,388; Kuhn. Loeb & Co., $150,975; Heidelbach, Ickelheimer & Co., $101,049; Bank of America, $101,112; Goldman, Sachs & Co., $101,833; L. von Hoffman & Co., $142,343; Lazard Frercs, $702,215.