Washington Bank (New York, NY)

Episode Information

Episode UID
9820019891095
Episode Type
Suspension β†’ Closure
Bank Type
state
Bank ID
982001989 hash
Start Date
March 25, 1891
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
5a0427852a522948

Response Measures

None

Description

Articles report the bank as 'wrecked' and mention potential receivership but do not clearly state reopening; additional sources could confirm final disposition.

Events (2)

1. March 25, 1891 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Impaired capital; bank described as 'wrecked' and directors considering recapitalization.
Newspaper Excerpt
Comptroller Lacey says that probably both the Washington bank, of New York, and the Keystone bank, of Philadelphia, will right themselves. At all events the comptroller said he would not appoint a receiver for either before next week.
Source
newspapers
2. March 26, 1891 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors meeting to address impaired capital after bank described as 'wrecked'.
Newspaper Excerpt
The directors of the wrecked Washington bank of New York City met 26th and decided to consult with the stockholders upon the question of raising up the impaired capital.
Source
newspapers

Newspaper Articles (2)

Article from Evening Journal, March 25, 1891

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Article Text

Both Banks May Recover. WASHINGTON, March 25. - Comptroller Lacey says that probably both the Washington bank, of New York, and the Keystone bank, of Philadelphia, will right themselves. At all events the comptroller said he would not appoint a receiver for either before next week.


Article from The Enterprise, April 1, 1891

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Article Text

MARK THL JO SMIN Gathered from All Quarters DOMESTIC. SECRETARY FOSTER has directed that he world's fair commission be allowed in additional $10,000 for expenses he fiscal year ending in June. This in addition to the $150,000 already owed, and is needed to pay the expenses if the April meeting. AT Chicago on the 25th Banker S. Kean was indicted by the grand or defrauding his creditors in connec ion with the failure of his bank 'o.ou nonths THE summer residence of J. M. peu.inq SEM "X N Orienta, 18 table, n the 25th. The loss on building ontents aggregates $125,000. Two miners were blown to pieces he bottom of the Tamarack mine 'alumet, Mich., on the 25th. The ad fired one blast and had gone he drift to fire a second charge. A HORRIBLE accident occurred at the yons (Kan.) Rock Salt Company's nine on the 25th. Four men were cending the shaft in a bucket, when he traveler became loosened and O the cage, about 500 feet down the haft. The men in the bucket were tantly killed. A COLLISION between two freight rains on the Chesapeake & Ohio n the 25th, between Rock Castle and stokes. Va., caused the death of han Mahone and Fireman Siegfried. Both engines and fifteen cars adly damaged. AT Wichita, Kan., on the 25th, in the ase of the United States against J. lawley and wife and Ed Belden, the hurderers of Charles Grant, a young anadian, the jury found Belden guilty f murder in the first degree and harged the Hawleys. A. WHITNEY & SONS, car wheel facturers of Philadelphia, are reported nancially embarrassed. The car wheel vorks were founded by Asa Whitney 848. The works flourished and did mmense business. The founder died 874 possessed of over $1,000,000. Since hen the business has been conducted his suons A THE national officers of the United fine Workers of America have issued n address, coupled with a declaration hat the strikers can hold out until '7sn.' JOHN MOONEY, a notorious burglar and safe cracker, was captured Vheeling. W. Va., on the 25th. Mooney is believed to be one of the gang recently robbed the Freeport (Pa.) avings bank of a large sum of money One of the stolen bonds was found is possession. THE person who committed suicide ew days ago by going over Niagara Falls has been fully identified as J. Halik, of Chicago. Halik 1 ft Chicago on March 17 for New York, intending 'o sail for Bohemia to settle up the ate of his father, who had recently died. SECRETARY BLAINE has been officially notified that the English government accepts the invitation extended by President Harrison to take part in the world's fair in 1893. A royal commission will be appointed to assist in warding the interests of British nibitors. A SEVERE case of trichinosis is ported in the family of John Runke, Milwaukee, Wis. A microscopic nation of some sausage which the family had made and partaken of vealed trichinæ in large quantities. -laughter and a son have died from the effects and it is doubtful if any of the ive members of the family will recover. ALCEDE VALDORE, a Greek, 23 years old, who arrived at New York on the teamer Aurania a few days ago, *years ago inherited £425,000 upon the leath of his mother. To-day he is America penniless and looking for work. Speculations in cotton futures and "plunging" on the race tracks of gland and France is the cause for the omplete disappearance of his fortune A REPRESENTATIVE of the Clark Thread Company, at Newark, N. says the company has won a victory ver the strikersin the present troubles, concerned s! company the se far os pu he strike is at an end. THE directors of the wrecked Washngton bank of New York City met 10 26th and decided to consult with the ockholders upon the question of g up the impaired capital. So far card from the stockholders favor the dn 21 A STAGE carrying six men was e 4q 261h the uo robbed P B a ighwayman between Comfort redericksburg, Tex. The robber SS than 84 worth of booty, as