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Bank Suspended at New York. NEW YORK, Jan. 1.-The suspension of the Grocers' bank was announced to-day The suspension was agreed to at a meeting of the stockholders yesterday, and its cause was the failure of J. Lloyd Hough, wire manufacturer, the bank holding from $80,000 to $100,000 of his paper.
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THE SUSPENSION OF THE GROCERS' BANK in New York, a state institution, is announced. The suspension was agreed to at a meeting of stockholders Wednesday, and its cause was the failure of J. Lloyd Halgh, wire manufacturer, the bank holding from $80,000 to $100,000 of his paper as security. The original capital of the bank was $300,000, which was reduced a year ago to $225,000. The last statement of the bank, made Dec. 13, gives the liabilities at $1,125,687.
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Mr. Joseph D. Periam, the cashier of the Grocers' Bank, of New York city (a State corp oration) was served with an order stating that Mr. Stephen V. White, at No. 10 Wall street, had been appointed a receiver. The directors consequently made no statement. The receiver was appointed through an application of the stockholders.
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Suspension of a New York Rank. NEW YORK, Jan. 2.-The Grocers' Bank, a State bank. 59 Barclay street, suspended. caused by the failure of J. Lloyd Haigh, wine mannfacturer. The bank held from $80,000 to $100,000 of bis paper as security.
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A New York Bank Suspends. New York, Jan. 2.-Quite a crowd gathered to-day in front of Grocer's bank. Barclay street and College place, on the door, which was guarded by a policeman, was a notice to the effect that because of embarrassment the business of the bank was temporarily suspended. The Grocer's bank is the twenty third that has suspended during eight years.
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The Twenty-Third in Eight Years. NEW YORK, January 2.-Quite a crowd gathered in front of the Grocers' Bank, at Barclay street and College Place, on the door of which, guarded by the police, was a notice to the effect that because of the embarrassmentÀ in-business the bank was temporarily suspended. The Grocers' Bank is the twenty-third that has suspended during eight years. Stephen V. White, banker, has been appointed receiver, on application of the stockholders.
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New York Bank Failure. NEW YORK, Jan. 2.--Quite a crowd gathered to-day in front of the Grocers' bank, Barclay street and College Place, the door of which was guarded by policemen, and on which was a no" tice to the effect that because of the embarassment the business of the bank was temporarily suspended. The Grocers' bank is the twenty-third that has suspended during eight years. Stephen V. White, banker, has been appointed receiver on application of the stock holders.
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NEW YORK. NEW YORK, Jan. 3. - Great excitement continues among the creditors and depositors of the broken Grocers' Bank. Stephen V. White, receiver, and his counsel, were present since early this morning, endeavoring to collect together the assets. White said he had already deposited $120,000, and that remaining assets would more than cover the claims of the creditors and depositors, and that the only
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THE GROCERS' BANK. NO NEW DEVELOPMENTS. OFFICERS AND COUNSEL SILENT IN REGARD TO THE FORGED SECURITIES-AN EXPLICIT DENIAL BY MR. HAIGH THAT BE NEGOTIATED FRAUDULENT PAPER. The receiver of the Grocers' Bank took possession of its effects yesterday. Neither officers nor counsel were willing to give information in regard to forged securities held by the bank: Mr. Haigh explicitly denied that he had negotiated any such paper. and expressed confidence that the creditors would receive all that was due them. It is reported that other banks hold forged securities, but not in sufficient amounts to endanger their solvency.
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HAIGH'S FORGERIES. NEW YORK, Jan. 6.-Receiver White of the Grocers' bank says $125,000 worth of forged paper has been discovered. The receiver did not believe business would ever be resumed by the institution. In answer to the question, "Will any compromise be accepted from Haigh?" He replied. "No; the offense I have charged him with is a criminal one and against the people. The case is in their hands now and Haigh will be vigorously prosecuted." J. Llyad Haigh, charged with forgery, was this afternoon admitted to bain in $25,000.
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The Broken Bank. NEW York, Jan. 2.-Quite a crowd gathered to-day in front of the Grocers' Bank, corner of Barclay street and College place. On the door, which was guarded by policemen, was a notice to the effect that "Because of embarrassments the business of the bank was temporarily suspended." The Grocers' Bank is the twenty-third that has suspended during eight years. Stephen V. White, banker, has been appointed receiver on application of the stockholders.
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The Grocers' Bank of New York City suspended on the 1st. AIRTHANT
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Suspended. NEW YORK, Jan. 2.-Quite a crowd gathered to-day in front of the Grocers' bank, on Barclay street and College place. On the door, which was guarded by a policeman, was a notice that because of the embarassment of business the bank was temporarily suspended. The Grocers' bank is the twenty-third that has suspended during the year. Stephen U. White, a banker, has been appointed receiver, on the application of the stock. holders. Fires.
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RECEIVER WHITE TO PAY SIXTY PER CENT. The report of Receiver S. V. White, of the Grocers' Bank, was filed in the Kings County Clerk's office yesterday, together with an order of Judge Gilbert, directing a preliminary distribution of the assets, The most important figures of the report have been given already in THE TRIBUNE. Judge Gilbert ordered the receiver to make a preliminary distribution at his office, No. 59 Barclay-st., on March 1, among the creditors of the bank whose claims had been presented and proved. to the extent of 60 per cent of such claims.
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Anction Sales of Real Estate. II. MULLER & SON, Auctioneers. RECEIVER'S SALE of a BANKING-HOUSE, SAT A. URDAY. March 27. at 12 m., at Exchange salesroom, 111 Broadway. Sale positive. The banking-house formerly ocexpied by the Grocers' Bank, situated at the corner of Barclay-st. and Coilege-place. Size. 25 feet on Barelay-st. 1y 75 feet on College-place. Leasehoid, under lease from trustees of Columbia College for twenty-one years from May 1, 1872, with usual covenants for renewal: subject to ground rent of $1.700 per annum, payable semi-annually. and all taxes, water rates and assessments. STEPHEN V. WHITE, Receiver, &c.
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A Good Sentence. New York, Aug. 6.-J. L. Lloyd Haight, the well known wire rope manufacturer and contractor for the wire of the East river bridge, who by false acceptance last winter caused the suspension of the Grocers' bank, was today sentenced by Judge Gildersleeve to the state prison, with hard labor, for four years.
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Four Yearstor J. Loyd Haight New York, 6.-J. Lloyd Haight, the well known wire rope manufacturer and contractor for the wire over East River Bridge, who by false acceptances last winter caused a suspension of the Grocers' Bank, was to-day sentenced by Judge Giildersleeve to the state prison with hard labor for four years.
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New York City. NEW YORK, Aug. 6. J. Lloyd Haight, a we'l-known society man of this city and Brooklyn, and contractor for the wire for the East River bridge, whose forgeries caused the suspension of the Grocers' Bank in this city, was to-day sentenced to State prison for four years at hard labor.