National Bank (Albany, NY)

Episode Information

Episode UID
6277321191033
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
627732119 hash
Start Date
January 1, 1886*
Location
Albany, New York (42.653, -73.756)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bd67213d7e957a31

Response Measures

None

Description

The bank failed in 1886 due to embezzlement by its president; the 1888 articles report on subsequent litigation by the receiver.

Events (2)

1. January 1, 1886* Suspension
Cause
Bank Specific Adverse Info
Cause Details
President George H. Warner defaulted after losing bank funds in stock speculations.
Newspaper Excerpt
The bank failed in 1886, its president having lost $225,000 of its maney in stock speculations.
Source
newspapers
2. April 26, 1888 Receivership
Newspaper Excerpt
In the suit of W. Anderson, receiver of the national bank of Albany, N. Y., against Kissam Whitney & company
Source
newspapers

Newspaper Articles (2)

Article from Waterbury Evening Democrat, April 26, 1888

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Article Text

A BIG SUIT DECIDED. An Albany Bank to Recover About $150,000. NEW YORK, April 26.-In the suit of W. Anderson, receiver of the national bank of Albany, N. Y., against Kissam Whitney & company, brokers of this city, to recover $225,000 paid them by the defaulting President George H. Warner a verdict was rendered this morning in favor of the bank for $103,000 and $46,000 interest. The receiver claimed the brokers had guilty knowledge of Warners peculations.


Article from Alexandria Gazette, April 27, 1888

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Article Text

NEWS OF THE DAY. J. B. Biscoe was to have been hung at Leona dtown, Md., to day for the murder of Capt. Dixon. Henry Woods' Sons & Co.'s chemical works at Natick, Mass, were barned yesterday. Losses, $150,000. The Maine republicans elected delegates to the republican national convention yes. terday and returned thanks to Mr. Blaine for his tariff letter. A platform, with several hundred persons on it, broke yesterday at Agen while President Carnot of Franco was laying the corner stone of a lyceum, and twenty persona were injured. A bill declaring that no flag but the stars and stripes shall hene-forth fly from any in the was of 104 to in the public by a vote building 4, State, New York defeated As sembly yesterday. The republican convention of the sixth congressional district of South Carolina elected delegates to the national convention who were uninstructed, but will probably support Sherman. A jury in Mobile, Ala yesterday returned a verdict giving twenty.five thousand dollars damages in favor of G. Hall, a brake man, against the Louisville and Naebville Railroad Company. Geo. W. Van Lear is under arrest at Ur. bana, Ohio, charged with trying to burn his father-in-law's house, and attempting to murder his wife and children, who were in the house at the time. In New York yesterday the jury returned a verdict of $149,000 in favor of the receiver of the National Bank of Albin, N. Y, against Kissam, Whitney & Co., stock brokere, of Wall street. The bank failed in 1886, its president having lost $225,000 of its maney in stock speculations. The Indiana democratic convention yesterday nominated Courtland C. Watson for and D. governor, W. Voerhees, and John David H. Boss Tur delpie, John G. Shankin legates at large to St. Louis. The resolu tions declare Isaac P. Gray to be the choice of Indiana democratefor Vice-President, and endorse Cleveland, A despatch from London yeaterday says Kilrain will arrange a match with Sullivan, to fight according to London priza ring rules, for ten thousand dollars and the championship of the world, the fight to take place either in England, France or America, six months from signing articles Kilrain's en gagements will not permit him to fight sooner.