gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
65f0d7332944ce1d
Response Measures
None
Description
Receiver appointed May 2–3 after examination found impaired capital and large defalcation by bookkeeper.
Events (3)
1.April 26, 1894Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed by state superintendent after examination found impaired capital (~$17,000) and later discovery of large defalcation by the bookkeeper.
Newspaper Excerpt
the suspended Harlem River Bank
Source
newspapers
2.April 28, 1894Other
Newspaper Excerpt
EXAMINERS STILL AT WORK. No Statement of the Harlem Bank's Condition Yet Ready. Examiner Barker is busy going over the bank's books... All the bank's cash... was carted away ... to the credit of Supt. Preston.
Source
newspapers
3.May 2, 1894Receivership
Newspaper Excerpt
David B. Sickles was today appointed temporary receiver of the Harlem River bank
Source
newspapers
Newspaper Articles (19)
1.April 28, 1894The Evening WorldNew York, NY
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Article Text
EXAMINERS STILL AT WORK. No Statement of the Harlem Bank's Condition Yet Ready. A Receiver May Be Applied for After the Investigation. Everything is quiet at the Harlem River Bank this morning. Examiner Barker is busy going over the bank's books, and stated that he would not finish his examination before noon. All the bank's cash, amounting to about $8,000, principally in specie, was carted away in a grocer's wagon and deposited in % downtown bank to the credit of Supt. Preston. Cashier Hinckley denied emphatically this morning the intimation that there was any scandal connected with the bank's difficulties. Bank Examiner Judson will not say yet whether application will be made for a receiver. The wife of a wealthy Harlem business man went into the bank this morning to get some money to pay her butcher's bill. Her husband, who has a large balance at the bank, is out of town, and she was without any money at all. She was greatly disappointed when she found that the bank could give her no assistance.
2.April 28, 1894The Evening WorldNew York, NY
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Article Text
EXAMINERS STILL AT WORK. No Statement of the Harlem Bank's Condition Yet Ready. A Receiver May Be Applied for After the Investigation. Everything is quiet at the Harlem River Bank this morning. Examiner Barber is busy going over the bank's books, and stated that he would not finish his examination before noon. All the bank's cash, amounting to about $8,000, principally in specie, was carted away in a grocer's wagon and deposited in a downtown bank to the credit of Supt. Preston. Cashier Hinkley denied emphatically this morning the intimation that there was any scandal connected with the bank's difficulties. Bank Examiner Judson will not say yet whether application will be made for a receiver. The wife of a wealthy Harlem business man came into the bank this morning to get some money to pay her butcher's bill. Her husband, who has a large balance at the bank, is out of town, and she was without any money at all. She was greatly disappointed when she found that the bank could give her no assistance.
3.May 1, 1894The Evening WorldNew York, NY
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Article Text
PRESTON TO VISIT THE BANK. Decision May Be Reached and Made Known This Evening. Bank Examiner Judson, who is in charge of the suspended Harlem River Bank, said this morning that Bank Superintendent Preston is in town, and will visit the bank this evening. when a decision will probably be reached and promulgated. Many depositors and stockholders were at the bank this morning. but there was no excitement, all seeming to be destrous for a favorable decision and an early resumption of business by the bank.
4.May 1, 1894The Evening WorldNew York, NY
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Article Text
PRESTON TO VISIT THE BANK. Decision May Be Reached and Made Known This Evening. Bank Examiner Judson, who is in charge of the suspended Harlem River Bank, said this morning that Bank Superintendent Preston is in town, and will visit the bank this evening. when a decision will probably be reached and promulgated. Many depositors and stockholders were at the bank this morning. but there was no excitement. all seeming to be desirous for a favorable decision and an early resumption of business by the bank.
5.May 3, 1894The Wichita Daily EagleWichita, KS
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Article Text
RECEIVER APPOINTED. NEW YORK, May 2-David B. Sickles was today appointed temporary receiver of the Harlem River bank This institution was closed last wee:. pending luve.. tigation of its affairs. The capital of the bank was found to be impaired about $17,000.
6.May 3, 1894New-York TribuneNew York, NY
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Article Text
HARLEM RIVER BANK RECEIVERSHIP. DAVID B. SICKELS APPOINTED TO WIND UP THE INSTITUTIONS AFFAIRS. Upon an application by Deputy Attorney-General Hogan, Judge Bookstaver, in the Court of Common Pleas yesterday, appointed David B. Sickels, vice-president of the American Surety Company, receiver of the Harlem River Bank at No. 2,007 Third-ave. Before the application was made in court Charles M. Preston, the Superintendent of the State Banking Department. had prepared the appended report of the condition of the bank: ASSETS. $321,362.08 Loans and discounts
7.May 4, 1894Little Falls Weekly TranscriptLittle Falls, MN
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Article Text
Sickles Appointed Receiver. NEW YORK, May 3.-David B. Sickles has been appointed temporary receiver of the Harlem River bank. This institution was closed last week by the state superintendent of banking, pending investigation of its affairs. The capital of the bank was found to be impaired about $17,000.
8.May 5, 1894The Madison Daily LeaderMadison, SD
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Article Text
Sickles Appointed Receiver. NEW YORK, May 4.-David B. Sickles has been appointed temporary receiver of the Harlem River bank. This institution was closed last week by the state superintendent of banking, pending investigation of its affairs. The capital of the bank was found to be impaired about $17,000.
9.May 7, 1894The Evening WorldNew York, NY
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Article Text
BANK STOCKHOLDERS MEET. They Discuss Affairs of the Harlem River Institution. The stockholuers of the suspended Harlem River Bank held a meeting today at the offices of Albert A. Stein, 205 East One Hundred and Tenth street. The meeting lasted two hours. Mr. Gill, President of the Harlem River Bank, presided. It was decided to appoint a committee of two to confer with the bank's counsel, In order to make a proper presentation of its affairs and the wishes of the stockholders when the bank's case was heard. The stockholders are said to be willing to have the bank resume business if it can do so on a fair basis.
10.May 8, 1894New-York TribuneNew York, NY
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Article Text
HARLEM RIVER BANK AFFAIRS. The stockholders of the Harlem River Bank, which was recently placed in the hands of a receiver, met yesterday morning at the office of A. A. Stein, No. 205 East One-hundred-and-tenth-st. The conference lasted two hours. It was decided to appoint a come mittee of two to confer with the counsel of the bank, and to arrange for the proper presentation of the affairs of the bank when the case is heard in court. It is not known what the proposition is, and the stockholders refused to say. It is understood, now- to ever, that It will be proposed to allow the bank continue business on the old basis.
11.May 19, 1894Morning Journal and CourierNew Haven, CT
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Article Text
DUE TO PECULATIONS. The Affairs of the Harlem Bank Have Taken on Another Phase and J. J. Kean, the Bookkeeper, will be Arrested for Stealing Funds. NEW YORK, May 18-The affairs of the Harlem River bank, which on April 26 was closed by order of Superintendent Preston, of the state banking department, took on another phase to-day, when Justice Ryan issued a warrant for the arrest of Bookkeeper J. J. Kean. The warrant was issued on the application of Superintendent Preston who charges Kean with having stolen from the bank between $19,000 and $20,000. Superintendent Preston gave out a statement to-night to the effect that after the receiver assumed charge of the bank he called for a presentation of all pass books held by customers of the bank. Out of over 1,000 accounts about 900 pass books have been presented. In balancing the pass books a number of discrepancies were discovered, which disclosed an apparent defalcation of between $19,000 and $20,000. From this statement it would appear that the closing of the bank's door was due directly to Kean's peculations, as on May 2 it was stated that the bank's capital had been Impaired to the extent of $17,043. The receiver of the bank, David B. Sickles, stated that the rumor that the arrest of the officers and directors of the bank was contemplated had no foundation. "As soon as the experts now examining the bank's books get further along in their work it will develope that Kean had accomplices. The total defalcation will foot up fully $30,000."
12.May 19, 1894St. Paul Daily GlobeSaint Paul, MN
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Article Text
Harlem River Bank Defalcation. NEW YORK, May 18.-Receiver David B. Sickels, of the Harlem River bank. has discovered a defalcation of nearly $20,000 in its accounts. A warrant has been issued for the arrest of the bank president, J.J. Keene.
13.May 24, 1894Delaware Gazette and State JournalWilmington, DE
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Article Text
Was Charged With Stealing $30,000. NEW YORK, May 19.-J. J. Keant, the keeper of the suspended Harlem River Bank, who is charged with appropriating nearly $30,000 of the bank's money, left town on Wednesday night, and no trace of him can be found. It is said that warrants will be sworn out in connection with the bank's shortage.
14.October 3, 1894New-York TribuneNew York, NY
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Article Text
CONDITION OF THE HARLEM RIVER BANK. David B. Sickels, the receiver of the Harlem River Bank, has filed in the Court of Common Pleas his report of the condition of the bank's affairs up to the present time. He finds, according to the books of the bank, that the total assets amounted to $423,728 87, and the total amount of the liabilities to $403,514 33. The receiver has collected in cash to date the sum of $98,237.01 and has disbursed $76,281 64. There is now in his control in the State Trust Company $21,933 37.
15.October 5, 1894The Evening WorldNew York, NY
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Article Text
Receiver Sickels in Court. A motion was made before Judge Glegerich. of the Court of Common Pleas, to-day by counsel for David B. Sickels. receiver of the Harlem River Bank, for permission to pay to Lueder Pieper, owner of the premises. 2007 Third avenue. $475, and surrender the lease of the property. Receiver Sickels alleges that the bank had a lease of the property for three years, and that since the failure of the bank Mr. Pieper had refused to allow the releasing of the property. Judge Giegerich signed an order authorizing it.
16.October 5, 1894The Evening WorldNew York, NY
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Article Text
Receiver Sickels in Court. A motion was made before Judge Glegerich, of the Court of Common Pleas, to-day by counsel for David B. Sickels, receiver of the Harlem River Bank, for permission to pay to Lueder Pieper, owner of the premises, 2007 Third avenue, $475, and surrender the lease of the property. Receiver Sickels alleges that the bank had a lease of the property for three years. and that since the failure of the bank Mr. Pieper had refused to allow the releasing of the property. Judge Glegerich signed an order authorizing it.
17.December 14, 1894The SunNew York, NY
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Article Text
The Harlem River Bank Indictment. The Grand Jury dismissed yesterday a complaint preferred by the depositors in the Harlem River Bank, which failed in March. against exPresident Robinson Gill. Among the witnesses examined were Superintendent Preston of the State Banking Department, Bank Examiner Judson, ex-Cashier Hinckley of the Harlem River Bank, and Receiver Daniel B. Sickels.
18.February 3, 1895New-York TribuneNew York, NY
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THE EAST SIDE BANK CLOSED. Continued from First Page. was not paying expenses and was running behind in its business, and at length we stepped in and took possession in order to prevent loss to depositors." "Will the depositors lose anything?" "I feel confident that there will be no loss to the depositors, and it is possible that the stockholders will not lose much, but a receivership is expensive and it is hard to say what will happen after the bank is in the hands of a receiver." "The affairs of the bank will, then, be closed?" "Yes, It will be impossible for the bank to go on again." "You do not feel that the State Banking Department was remiss in allowing the affairs of the bank to get in such a condition?" "No. We have kept watch of the bank and have taken possession in time to prevent loss to the depositors. I do not think the public can accuse the department of failure to guard the interests of the public in the banks. It is not yet certain that the depositors will lose anything in the case of the Madison Square Bank or of the St. Nicholas Bank. The depositors can recover from the stockholders, under the law that makes a stockholder responsible for twice the amount of his stock." "In the case of the closed Harlem River Bank, where there was a defalcation, will the depositors lose anything?" "That will depend upon the question as to the responsibility of the stockholders."
19.April 3, 1895Richmond DispatchRichmond, VA
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Article Text
HARLEM-RIVER BANK TEST. Judge Pryor Holds Directors Liable on Notes They Gave. (New York World.) Judge Pryor, in the Court of Common Pleas, on Monday decided in favor of David B. Sickels, receiver of the HarlemRiver bank, in his suit for $5,000 against George Herold, one of the directors, on a promissory note. The note was one of several given in November. 1893, in accordance with an arrangement made with the official bank examiner, to make up a deficit. Six months later the bank closed. The defendant claimed that the note was void for want of consideration, but the Judge says that the fact that the bank remained open was a good consideration. It was a test case.
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