Merchants Bank - New York, NY

Episode Information

Episode UID: 2732827390984
Episode Type: Suspension → Reopening
Bank Type: state
Bank ID: 273282739 hash
Start Date: December 3, 1881
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: a597e2928e5980e5

Response Measures

None

Description

Article implies the bank was in the hands of a receiver and directors offered funds to revive and resume operations; earlier failure details are not provided.

Events (2)

1. December 3, 1881 Reopening

Newspaper Excerpt: The bank will then resume under the old name.
Source: newspapers

2. December 3, 1881 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank was in hands of a receiver with creditors to be paid; directors propose payment to revive the bank.
Newspaper Excerpt: The directors of the Merchants bank have agreed to contribute $1,000,000 towards paying the creditors and reviving the bank.
Source: newspapers

Newspaper Articles (1)

1. December 6, 1881 Press and Daily Dakotaian Yankton, SD

Article from Press and Daily Dakotaian, December 6, 1881

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Article Text

LATEST BY MAIL. City of Mexico, Dec. 3.—An attempt was made Saturday to murder Governor Manuel Ledo of Gurna Juanto. The would-be-assassin was instigated by political enemies. Pittsburg, Dec. 3.—The Missouri land fraud cases of Burns Bros., for stealing several million acres of United States lands are now on trial at Clarion, Pa. Newark, Dec. 3.—It is reported arrangements have been made to relieve the creditors of the Mechanic's national bank by partial payment and to revive the bank. Boston, Dec. 3.—Weeks has made a proposition to the examiners of the Pacific bank, which was referred to the comptroller, and upon his reply depends the action of the bank. Chicago, Dec. 3.—A reception was tendered to night to Messrs. Healey and O'Connor, prominent Irishmen. The affair was semi-private and very cordial. Iowa City, Dec. 3.—Delegates to the national dairy association at Cedar Rapids and leading citizens came to Iowa City to-day on a special train. The citizens received the visitors in fine style, banqueted them, and escorted them through the glass, glucose, flour, oil, paper, oatmeal and other manufactories and the state university and schools. The visitors departed at 3 o'clock and were presented with 100 copies of an extra edition of the Evening Republican, containing a full report of the events of the day. The affair was a pleasant one throughout, and the Athens of Iowa treated their guests royally. Spencer, Iowa, December 3—Mr. Curtis, a farmer living about six miles northwest of this place, while out hunting this afternoon, accidentally shot himself. In pulling his gun towards himself it was by some means discharged, lodging the load in his bowels. He lived but a short time. Mr. Curtis leaves a family. New York, December 3—The directors of the Merchants bank have agreed to contribute $1,000,000 towards paying the creditors and reviving the bank. The directors will publicly announce their willingness to pay the creditors a percentage on their dues larger than any that could be hoped from the receiver. If the creditors accept the amount offered the sums will be paid in immediately and a full receipt taken. The bank will then resume under the old name. Denver, Dec. 3—The Denver's Durango special says four men several days ago left Ophir to walk to Silverton and it is believed perished in the snow in the range. A party is searching. Quebec, Dec. 3—The election of members of the local legislature passed off quietly. The present conservative government is sustained by an increased majority. All the members of the government were elected. Las Vegas, Dec. 3.—Seven prisoners, including John J. Webb, under life sentence for murder, and Davis Rudabaugh, escaped from jail here this morning. Rudabaugh was a member of the notorious Billy the Kid gang, and was sentenced to hang for murdering the jailor in the attempt to release Webb. New York, Dec. 3—J. L. Berg & Co., wholesale drugs, assigned. Liabilities about $200,000; assets reported large. Lunt Bros., ship chandlers, and Lunt, Lock & Co., commission merchants, suspended. Liabilities, $100,000. Philadelphia, Dec, 3.—The trouble between Anna Dickinson and Fanny Davenport, growing out of the failure of "American Girl," culminated this evening by an effort to serve a writ upon Miss Davenport, while the latter was acting the part of Lady McBeth. The sheriff's officer jumped from the auditorium to the stage with the writ, but was immediately ejected by the employes. Miss Davenport made an explanation to the audience. After the performance she remained in the theatre until after midnight, the officer being unable to serve the writ legally on Sunday. Boston, December 1—A special engine, with a caboose running west on the New York and New England railroad collided with the east bound local passenger train from Putnam about a mile east of Thompsons Corner this afternoon. The engine and caboose were on special orders to keep out of the way of the other trains but the orders seem to have been forgotten and the special proceeded on other trains' time. W. P. Harrington, Conductor Albert Clark and the engineer of the special train were killed and the fireman badly bruised. On the passenger train a number were wounded.