Bank of Central New York (Utica, NY)

Episode Information

Episode UID
5546587290724
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
554658729 hash
Start Date
April 11, 1860
Location
Utica, New York (43.101, -75.233)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e33fe15288c037e2

Response Measures

None

Description

Some reports give the receiver as Joseph Benedict while one names James Benedict; likely OCR or reporting variation.

Events (1)

1. April 11, 1860 Receivership
Newspaper Excerpt
The Daily Observer of this day announces that the Bank of Central New-York has gone into liquidation, and that the Hon. Joseph Benedict has been appointed Receiver, and entered upon his duties.
Source
newspapers

Newspaper Articles (10)

Article from Daily Democrat and News, April 12, 1860

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Article Text

P Bank Failure. UTICA. April 11. The Daily Observer of this city announces that the Bank of Central New York has gone into liquidation, and that Hon. Joseph Beac diet has been appointed Receiver, and bas w tered upon his dutica The circulation of the bank is understood to be amply secured.


Article from Cleveland Morning Leader, April 12, 1860

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Article Text

BANK CLOSED. UTICA, April 11. The Daily Observer of this day announces that the Bank of Central New York has gone in liquidation, and the Hon. Joseph Benedict has been appointed Receiver, and has entered upon his duties. The circulation of the Bank is understood to be amply secured.


Article from Evening Star, April 12, 1860

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Article Text

The Bank of Central New York. UTICA, N.Y., April 11-The Daily Observer of this day announces that the Bank of Central New York has gone into liquidation, and that Hon Joseph Benedict has been appointed Receiver, and'entered upon his duties. The circulation of the Bank issaid. to beamply socured.


Article from Nashville Union and American, April 12, 1860

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Article Text

Bank of Central New York, UTICA, N. Y. Aprilf11.-The Bank of Central New York has gone into liquidation. James Benedict is appointed Receiver. The circulation, it is under stood, will be amply secured. Steamer Salled.


Article from New-York Daily Tribune, April 12, 1860

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Article Text

The Bank of Central New-York. Utica, N.Y., Wednesday, April 11, 1860. The Daily Observer, of this day, amnounces that the Bank of Central New-York has gone into-liquidation, and that the Hon. Joseph Benedict has been appointed Receiver, and entered upon his duties. The circulation of the Bank is said to be amply secured.


Article from The New York Herald, April 12, 1860

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Article Text

The Bank of Central New York. Utica, April 11, 1860. O. B. Matteson a few days since declined to resume the presidency of the Bank of Central New York. The bank to-day, by an order of the Supreme Court, passed into the hands of Joseph Benedict, Esq., as receiver.


Article from New-York Daily Tribune, April 26, 1860

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Total $303,852,054 $291,085,154 Three hundred and five banks reported, including the Bank of Corning and Onondaga County Bank (which two did not report), supposed to be winding up. H.J. Messenger's Bank, Marathon, Cortland Co., bas gone into operation since 31st of March; and since making its report for 31st March, the Bank of Central New-York, Utica. has been placed in the hands of a receiver, Joseph Benedict, esq., Utica.


Article from The New York Herald, May 16, 1860

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Article Text

Domestic News Items. MURDER IN A COURT ROOM-The Austin (Texas) Intelligencer of the 25th ult. states that John Taney, who was then Using tried on an indictment charging him with having killed John Edwards, and was in the court room, about to be taken to jail until after dinner, was suddenly attacked by a crowd of armed men, who fired about twenty five abots at him, killing him on the spot, and then made their escape. The Sheriff shot one of the "lynchers" and arrested two more, who were lodged in jail. BANK OF CENTRAL New York.-The Utics Daily Tele. graph says that Geo. W. Stanton has petitioned Judge Morgan to remove Joseph Benedict, Esq, from the posttion of Receiver of the Bank of Central New York. Mr. Benedict, It is known, is the law partner of Hon. 0. B. Matteson, the late President of the Bank, and the petition urges that he is unfitted, therefore, to give the affairs of the institution the thorough investigation requisite. The case has been postponed sall the 18th inst. THE NEW LAW RELATING TO Walls-The people of the State of New York, represented in Senate and Assembly, do enact as follown:Section 1. No person having a husband, wife, child or parent, shall, by his or her last will or testament, devise or bequeath to any benevolent, charitable, literary, sciensific, religious or missionary society, association or corpeation, in trust or otherwise, more than one hair part of bis or her estate, after the payment of his or her debts, (achd such devise or bequest shall be valid to the extent of om9 half and no more.) Section 2. All laws and parts of laws inconsistent with this act are hereby repealed. Passed April 13, 1860. STATUTE OF LIMITATIONS.-The criminal law was 80 altered last winter that absence from the State (if the of. fender is wh bin the United States) is no longer deducted from the three years within which an indictment (except for murder) me st be found. TORNADO IN PENVSYLVANIA.-A terrible tornado passed over a portion of Backs county, Pa, on the 7th inst, accorepanied by thunder, lightning, hail and rain. Dwelling houses, barns, stables, barracks and shops were razed to the ground, bridgen were blown away, fences seattered over fields, and whole orchards of trees torn up by the roots.


Article from New-York Daily Tribune, August 7, 1860

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Article Text

Cortland County. The material changes since the March report are as follows: The Bank of Central New-York Utica, has been placed in the hands of a Receiver, and the Bank of Corning and the Onondaga County Bank are closing up their affairs, consequently no report were received from them. The Rockland County Bank, Nyack (association) and J. W. Rumsey & Co.'s Bank, Tarrytown (individual), are preparing to go into operation. The June report exhibits a slight increase in capital and a corresponding expansion in loans. In other items there is but little change to note and nothing worthy of special attention. RESOURCES. March 21 June 30.


Article from The New York Herald, August 7, 1860

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Article Text

part aggregate. The material changes since the March report are as follows:The Bank of Central New York, Utica, has been placed in the hands of a receiver, and the Bank of Corning and the Onondaga County Bank are closing up their affairs; consequently no reports were received from them. The Rockland County Bank, Nyack (association). and J. W Rumsey & Co.'s Bank, Tarrytown (individual), are preparing to go into operation. The June report exhibits a slight increase in capital and a corresponding expansion in loans. in other items there is but little change to note, and nothing worthy of special attention. We derive the following figures from the last annual report of the Cleveland and Toledo road of June 1, 1860:$3,348.800 Constructive Capital $6,771,800 Funded debt 3,848,400 Equipment 461,100