Bank of Lansingburg (Lansingburg, NY)

Episode Information

Episode UID
2415069790927
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
241506979 hash
Start Date
March 19, 1877
Location
Lansingburg, New York (42.785, -73.670)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
958b75933ea1979b

Response Measures

None

Events (2)

1. March 19, 1877 Receivership
Newspaper Excerpt
A. D. Powers has been appointed receiver of the Bank of Lansingburg; liabilities $875,000, nominal assets $1,150,000.
Source
newspapers
2. March 19, 1877 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Depreciation of assets reportedly due to speculation in New Jersey Central and other railroad stocks.
Newspaper Excerpt
a notice on the door of the Bank of Lansingburg this morning announces the suspension of that institution, caused by the depreciation of assets.
Source
newspapers

Newspaper Articles (10)

Article from Public Ledger, March 19, 1877

Click image to open full size in new tab

Article Text

Bank Sux pension. NEW YORK, March 19.-A Lansingburg, New York, dispatch says that a notice on the door of the Bank of Lansingburg this morning announces the suspension of that institution, caused by the depreciation of assets. Application has been made for the appointment of a receiver. The loss, if any, to depositors will be trifling.


Article from The Rock Island Argus, March 19, 1877

Click image to open full size in new tab

Article Text

Another Busted Bank. NEW YORK. March 19.-A Lansingburg despatch says a notice on the doors of the bank of Lansingburg this worning announces the suspension of that institution, caused by depreciation of its assets. Ap plication has been made for the appointment of a receiver. The loss, if any, to depositors, will be trifling. TROY, March 19.-A. D. Powers has been appointed receiver of the bank of Lansingburg. Liabilities $875,000. nominal assets $1,150,000. The suspension it is thought was caused by speculation in New Jersey Central. There is great exeitement in Lansingburg.


Article from The Wheeling Daily Intelligencer, March 20, 1877

Click image to open full size in new tab

Article Text

r RECEIVER APPOINTED. f TROY, March 19.-A. D. Bowers has I been appointed receiver of the bank of 9 Lansingburg. Liabilities $875,000; nominal assets $1,150,000. The suspension is : thought to be caused by speculation in : the New Jersey Central. Great excitement in Lansingburg.


Article from The Wheeling Daily Intelligencer, March 20, 1877

Click image to open full size in new tab

Article Text

Bank Suspension. NEW YORK, March 19.-A Lansingburg, N. Y. dispatch says: A notice on the door of the bank of Lansingburg this morning, announces the suspension of that institution, caused by the depreciation of assets. Application has been made for the appointment of a receiver. The loss, if any to the depositors, is triffling.


Article from The Wheeling Daily Register, March 20, 1877

Click image to open full size in new tab

Article Text

Bank Suspension. NEW YORK, March 19.-A Lansingburg, N. Y., dispatch says: A notice on the door of the Bank of Lansingburg this morning announces the suspension of that institution, caused by depreciation of assets. Application has been made for the appointment of a receiver. Loss, if any, to depositors, trifing. TROY, N. Y., March 19.-A. D. Power has been appointed receiver of the Bank The liabilities are of Lansingburg. $875,000; nominal assets $1,150,000 It is thought the suspension was caused by speculation in New York Central There is great excitement in Lansingburg.


Article from The Daily Gazette, March 20, 1877

Click image to open full size in new tab

Article Text

General News. Governor Hubbard, of Connectiont, has vetoed the bill giving members of the Legislature a mileage of twentyfive cents each way as in violation. of the constitutional provision against the Legislature increasing its own pay; also the new registry law, because the requirement that an elector shall be made an elector anew when he removes to another town is an unconstitutional interference with the franchise. The bank of Lansinburg, N. Y., has suspended on account, it is said, of depreciation of assets. The liabilities are $875,000. The real cause oass pension is said to have been caused by speculation in New Jersey Central and other railroad stocks. A.D. Powers has been appointed receiver... The situation in Louisiana is beginning to look warlike again. Gov. Nicholls having decided to proceed by due course of law to eject Packard and his confederates from the State House, Packard is gathering his colored militia for the purpose of getting up a fight. Several of his recruiting officers were arrested by the Nicholls police last evening.


Article from New-York Tribune, March 20, 1877

Click image to open full size in new tab

Article Text

SPECULATING WITH BANK FUNDS. TROY, N. Y., March 19.-A. D. Powers was appointed receiver of the Bank of Lansingburg by Judge Ingalls on Saturday last. The liabilities of the bank are $875,000, and the nominal assets, $1,150,000. The suspension is thought to have been caused by speculation in New-Jersey Central and other railroad stocks. Great excitement exists in Lansingburg.


Article from Ottumwa Weekly Courier, March 21, 1877

Click image to open full size in new tab

Article Text

Bank Suspended. NEW YORK, March 19.-A Lansingburg dispatch says a notice on the doors of the Bank of Lansingburg, this morning, announces the suspension of that institution, caused by the depreciation of assets. Application has been made for the appointment of a receiver. The loss, if any, to depositors will be trifing.


Article from Ottumwa Weekly Courier, March 21, 1877

Click image to open full size in new tab

Article Text

CAUSED BY SPECULATION. TROY, N. Y., March 19.-A. D. Powers has been appointed receiver of the Bank of Lansingburg ; liabilities $875,000, nominal assets $1,150,000. The suspension is thought to be caused by speculation in New Jersey Central. There is great excitement in Lansingburg.


Article from The Jeffersonian, March 22, 1877

Click image to open full size in new tab

Article Text

D The Bank of Lansingburg, New York, has suspended, and A. D. Powers has been appointed receiver. The liabilities of the bank are $875,000, and the nominal assets $1,150,000. The suspension is thought to have been caused by speculation in New Jersey Central and other railroad stocks.