17004. Unadilla Bank (Unadilla, NY)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
April 29, 1873
Location
Unadilla, New York (42.325, -75.312)

Metadata

Model
gpt-5-mini
Short Digest
d25dfcb1

Response Measures

None

Description

Newspapers (Apr 29โ€“30, 1873) report the Comptroller of the Currency declaring a 32% dividend to creditors of the Unadilla Bank and directing receivership actions โ€” indicating the bank was in receivership/closed. No article describes a depositor run; therefore classified as suspension leading to closure/receivership. Bank is likely a national bank because the Comptroller of the Currency handled the dividend/receiver.

Events (2)

1. April 29, 1873 Receivership
Newspaper Excerpt
The Controller of the Currency has declared a dividend of 32 per cent. in favor of the creditors of the Unadilla Bank, Unadilla, N. Y.; ... payable as soon as the schedule of creditors can be prepared and examined.
Source
newspapers
2. * Suspension
Cause
Government Action
Cause Details
Placed in receivership/under Comptroller of the Currency supervision; dividend declared to creditors.
Newspaper Excerpt
The comp troller of the currency has declared a dividend of 32 per cent. in favor of the creditors of the Unadilla bank, Unadilla, N. Y.
Source
newspapers

Newspaper Articles (2)

Article from The Daily State Journal, April 29, 1873

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Article Text

BY TELEGRAPH f 1 TO-DAY'S DISPATCHES. t WASHINGTON. Decision in a Marine Case. . WASHINGTON, April 29.-The supreme h court, in the case of the collision between the schooner Champion and the steamer Lucille, confirmed the judgment that the steamer is responsible for all damages. The sailing vessel must keep on her course and the steamer must avoid her. Death of Ex-GovernorSharkey. WASHINGTON, April 29.--Governor W. L. Sharkey, of Mississippi, died this morning at the Imperial hotel, aged eighty-three years, of pneumonia. Miscellaneous News from the Capital. I WASHINGTON, April 28.-A special order from the War Department assigns thirty companies, including all arms with 1 all machinery and supplies for a prolonged expedition, to protect the operations of the ( Northern Pacific railroad. It is the heaviest expedition ever sent out in time of peace. The expedition leaves on the 15th of June and remains in the field until the a 15th of October. The late act of Congress abolishing the office of assessor of internal revenue provides that the collectors shall give new bonds after assuming the duties of both 1 offices. The commissioner has therefore a issued a circular directing collectors to renI der two statements of their accounts durV ing the month of May, one from the 1st to the 19th inclusive, and the other from the 20th to the 31st inclusive, in order that the a liability of the sureties on their bonds may I be definitely ascertained. I The postmaster at Colfax, La., informs the post-office department that he was comp pelled to flee for his life at the recent mast sacre of colored men there, and that he took to Alexandria all the records and e V papers belonging to his office. He declines F to serve any longer as postmaster, and the t department has issued orders discontinuing le the office at Colfax. The annual compensation of the postmaster was but $12. t Dividends Declared. a WASHINGTON, April 28.-The compc troller of the currency has declared a dividend of 32 per cent. in favor of the crediti tors of the Unadilla bank, Unadilla, N. Y.; c also a dividend of 25 per cent. in favor of t the creditors of the Scandinavian national W bank of Chicago, payable as soon as the schedule of creditors can be preh pared and examined. The compo troller has also directed the receiver of the J Eighth national bank of New York to n make requisition of fifty-four per cent. upon o the shareholders of that bank to supply a the deficiency required for the full payo ment of the creditors. A small requisition o is also to be made upon the shareholders N of the Farmers' and Citizens' bank, of Brooklyn, for the same purpose. V The Atlantic Bank Suspension. WASHINGTON, April 28.-It seems from the best information at hand that Taintor was prominent as an operator against the government in the late panic in Wall street, when the bulls attempted vainly to destroy the credit of the treasury. The failure of the clique b or corner," of which he was n a part, to "send gold up to twenty" was I the principal reason, after his loss in V Pacific mail, that induced him to confess his defalcation. In other words, he joined V the crusade against the government, and t being defeated was compelled to acknowledge his guilt. -


Article from The Daily Dispatch, April 30, 1873

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Article Text

I'd NO. 103. Dividends Declared. W ASHINGTON, April 29.-The Controller of the Currency has declared a dividend of 32 per cent. in tavor of the creditors of the Unadilla Bank, Unadilla, N. Y. : also a dividend of 25 per cent. in favor of the creditors of athe Scandinavian National Bank, of Clricago, payable as soon as the schedule of creditors can be prepared and examined. The Controller has also directed the receiver of the Eighth National Bank, of New York, to make requisition of 54 per cent. upon the shareholders of that bank to supply the deficiency required for the full payment of the creditors. A small requisition is also to be made upon the shareholders of the Farmers and Citizens Bank, of Brooklyn, for the same purpose.