Sanditz & Traurig (Waterbury, CT)

Episode Information

Episode UID
8264978191655
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
826497819 hash
Start Date
November 29, 1937
Location
Waterbury, Connecticut (41.558, -73.051)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0aa5d732a6271bf6

Response Measures

None

Description

Articles describe a defunct bank in receivership and dividend payments by the receiver.

Events (3)
1. November 29, 1937 Receivership
Newspaper Excerpt
motions... in the matter of George J. Bassett, former banking commissioner, versus the concern... receiver's disposal of assets of Sanditz and Traurig, defunct banking concern
Source
newspapers
2. November 29, 1937 Suspension
Cause
Government Action
Cause Details
Bank is defunct with a court-appointed receiver handling assets and dividends
Newspaper Excerpt
Two motions designed to obtain court determination of the receiver's disposal of assets of Sanditz and Traurig, defunct banking concern were filed today
Source
newspapers
3. December 4, 1937 Other
Newspaper Excerpt
Payment of a dividend of 10 per cent by the receiver of Sanditz and Traurig, defunct banking concern, was authorized by Judge Edwin C. Dickenson in the superior court today
Source
newspapers

Newspaper Articles (2)
1. November 29, 1937 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, November 29, 1937

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Article Text

BANK'S ASSETS BEFORE COURT Two Motions Involve Sanditz & Traurig Bank; Judge to Decide Two motions designed to obtain court determination of the receiver's disposal of assets of Sanditz and Traurig, defunct banking concern were filed today in the superior court in the matter of George J. Bassett, former banking commissioner, versus the concern. One seeks court order for a dividend and the setting of the amount to be paid while the other motion asks that the receiver be directed as to disposal of certain stocks. The stocks are: 3 shares, Citizens and Manufacturers National Bank; 10 shares, Waterbury National Bank; 5 shares Manufacturers Trust, N Y.; 50 shares, Scovill Manufacturing Company and $200 HOLC 2 3-4's. L. Russell Carter, attorney for the receiver, Waterbury National Bank asks the court to determine which stocks shall be sold and at what prices. Thereafter, the matter of the dividend will be determined.

2. December 4, 1937 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, December 4, 1937

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Article Text

CLOSED BANK TO PAY TEN PER CENT Sanditz, Traurig Receiver Authorized to Pay Out That Amount Payment of a dividend of 10 per cent by the receiver of Sanditz and Traurig, defunct banking concern, was authorized by Judge Edwin c. Dickenson in the superior court today. This will mean that creditors will receive about $14,000 on Dec. 22, date of the scheduled payment. "Just in time for Christmas," Judge Dickenson remarked, in granting the motion of Attorney L. Russell Carter. The attorney was granted a fee of $1,250, plus $91 paid out, and was allowed to sell certain stocks, among them shares in the Waterbury National bank. the Citizens and Manufacturers National bank. the Manufacturers Trust Company of N. Y., and HOLC bonds. He said that he would like to sell fifty shares of the Scovill Manufacturing company but that this was not agreed upon by others in the action.