National Bank of Commerce (New York, NY)

View Charter #733 on SPMC View balance sheet

Episode Information

Episode UID
73300957
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
7330 national
Charter Number
733
Start Date
September 20, 1879
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
77d835df9d135359

Response Measures

None

Description

Articles refer to 'the receiver of the bank' as sole bidder, implying the bank was in receivership but provide limited detail.

Events (3)
1. January 19, 1865 Chartered
Source
historical_nic
2. September 20, 1879 Receivership
Newspaper Excerpt
Various parcels ... sold under execution to the New York National Bank of Commerce ... were struck off again ... The receiver of the bank was the only bidder.
Source
newspapers
3. April 5, 1929 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)
1. September 21, 1879 Daily Globe Saint Paul, MN
Article from Daily Globe, September 21, 1879

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Article Text

THE SPRAGUE UNPLEASANTNESS. The Legal Proceedings Relative to the Appointment of Trustees. PROVIDENCE, Sept. 20.-In the supreme court this morning the hearing begun upon the application of Mrs. Katharine Sprague for appointment of a trustee of her property. The counsel for the petitioner stated ex-Gov. Sprague and wife were not living together and there is. no reasonable probability that they will live together in the future. This declaration he based on the sayings and acts of both persons. He nominated Robert Thompson as trustee. Counsel for ex-Gov. Sprague agreed with the other side as to the law in the case, that Mrs. Sprague had the right to a trustee, but he objected to the nomination of Thompson and moved its reference to a master. This motion the court overruled, when the counsel for Mrs. Sprague nominated Arthur Watson for trustee and asked postponement till Friday next to enable him to file the reason for his motion. The case went over to Friday. Various parcels of A. and W. Sprague's estate, recently sold under execution to the New York National Bank of Commerce for nominal sums, were struck off again, to again satisfy the judgment claims of the Franklin Institution for Saving. The receiver of the bank was the only bidder.

2. September 21, 1879 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, September 21, 1879

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Article Text

THE SPRAGUE ESTATE. The Case Before the Supreme Court. Providence, Sept. 20.-In the supreme court this morning a hearing was begun upon the application of Mrs. Kate Chase Sprague, for the appointment of a trustee on her property. The council for the petitioner stated that ex-Governor Sprague and wife were not living together and no reasonable probability that they will live together in the future. This declaration he based upon the sayings and acts of both persons. He then nominated Ross Thompson for trustee. The council for ex-Governor Sprague agreed with the other side as to the law in the case; that Mrs. Sprague has the right to a trustee, but he objected to the nomination of Thompson, and moved its reference to the master. This motion the court overruled; when council for Mrs. Sprague nominated Arthur Watson for trustee, and asked a postponement until Friday next, to enable him to file a reason for his motion. The case then went over until Friday next. Various parcels of A. and W Sprague's estate, sold under execution to the New York National bank of commerce, were struck off again today to satisfy the judgment claim of the Franklin institution for savings. The receiver of the bank was the only bidder. The judges, owing to the importance of the questions at issue, have ordered both sides to appear on Thursday next for a full hearing.

3. September 22, 1879 Daily Globe Saint Paul, MN
Article from Daily Globe, September 22, 1879

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Article Text

THE SPRAGUE UNPLEASANTNESS. The Legal Proceedings Relative to the Appointment of Trustees. PROVIDENCE, Sept. 20.-In the supreme court this morning the hearing begun upon the application of Mrs. Katharine Sprague for appointment of a trustee of her property. The counsel for the petitioner stated ex-Gov. Sprague and wife were not living together and there is no reasonable probability that they will live together in the future. This declaration he based on the sayings and acts of both persons. He nominated Robert Thompson as trustee. Counsel for ex-Gov. Sprague agreed with the other side as to the law in the had that Mrs. Sprague case, the right to a trustee, but he objected to the nomination of Thompson and moved its reference to a master. This motion the court overruled, when the counsel for Mrs. Sprague nominated Arthur Watson for trustee and asked postponement till Friday next to enable him to file the reason for his motion. The case went over to Friday. Various parcels of A. and W. Sprague's estate, recently sold under execution to the New York National Bank of Commerce for nominal sums, were struck off again, to again satisfy the judgment claims of the Franklin Institution for Saving. The receiver of the bank was the only bidder.