Cataract City Bank (Paterson, NJ)

Episode Information

Episode UID
827724090721
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
82772409 hash
Start Date
January 1, 1860*
Location
Paterson, New Jersey (40.917, -74.172)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
28ea71c4463d253b

Response Measures

None

Description

Failure occurred circa 1860; long-delayed dividend paid in 1910.

Events (2)

1. January 1, 1860* Receivership
Newspaper Excerpt
The bank was chartered in 1856 and failed four years later.
Source
newspapers
2. August 11, 1910 Other
Newspaper Excerpt
Creditors Receive Dividend on Cataract City Bank. ... The receiver, John L. Griggs, has $3,705 to distribute among the claimants.
Source
newspapers

Newspaper Articles (12)

Article from Meigs County Telegraph, September 15, 1857

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Article Text

Judge Warden arrived in town this morning, having completed his engagements in Southern Ohio. The Judge brings us good reports. The Republican meetings were much Barger and more enthusiastic than those held by our opponents, at which Payne and Lytle spoke. Judge Warden and Governor Chase spoke at Marietta, Pomeroy, Gallipolis, and Ironton. At Marietta meetings were held in the afternoon and evening. The meeting at Pomeroy was an extraordinary turn out. It was as large, and there was as much enthusiasm manifested, as in a Presidential election. The Republicans everywhere feel sanguine of increasing their majorities over what they gave last year, and in Gallia county particularly, the gain for the Republicans will be very large. When the cause looks so well in Southern Ohio, what may we not expect in Central and Northern Ohio?-State Journal. BANKS DISCREDITED.--Lord's Detector of the 1stinst. gives the following list of doubtful or suspended Banks, which were not included in the list we published last week: Wooster Bank, Danbury, Ct. Mercantile Bank, Hartford, Ct. America Bank, Trenton, N.J. Cataract City Bank, Patterson, N. J. Bergen Co. Bank, N. J. Union Bank, Frenchtown, N. J. Bank of Tecumseh, Mich. Macomb Co. Bank, Mich. Hancock Bank, Ellsworth, Me. JONES, the desperate burglar who shot and instantly killed officer Bebee in Columbus some three years ago while he was aiding several officers from Newark in attempting to arrest him, has finally been secured, and is safely lodged in the jail of Franklin county awaiting trial. He was ar rested in Wisconsin, where he was a member of a band of burglars and counterfeiters, and confessed the murder of Bebee to a policeman who was placed in the same cell with bim on a sham arrest for passing counterfeit money, and succeeded in gaining hisconfidence. IMPORTANT NEWS FROM KANSAS.-At a Mass Meeting of the Free State men of Kansas held on the 26th ultimo, it was decided that the Free State men WILL VOTE at the October election. They yet protest against the bogus laws under which they are compelled to vote, and also against that partial apportionment of the Territory which is intended to favor the slave power. It is thought by the Free State men that the best way to redress their wrongs, is to secure for themselves a fair representation through the ballot-box. It is also determined that the purity of the ballot-box shall be preserved at all hazards. PAYNE'S WHISKY BILL.-The Sandusky Pioneer says that "the Liquor Bill of Hon. H. B. Payne, the "Dred Scott" candidate, during the late convention, in room No. 190, in the American House, Columbus, alone amounted to $175,37." If it requires $175,37 worth of whisky to nominate a democratic candidate for Goyernor, what will be the amount required to elect him? The McArthur (Vinton Co.) Journal, of Thursday says: "Edson B. Olds and the Circus are both to be in town to-day. We rather think the show will have the largest crowd, though it would be rather difficult to say which has turned the greatest number of summersets, W. O. Dale or the Doctor. We'll bet on the Doctor, anyhow."


Article from The Topeka State Journal, August 11, 1910

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Article Text

GET FUNDS AFTER FIFTY YEARS. Creditors Receive Dividend on Cataract City Bank. Paterson, N. J., Aug. 11.-After waiting 50 years the creditors of the defunct Cataract City bank here are to receive a first dividend on their claims. The receiver, John L. Griggs, has $3,705, to distribute among the claimants, the money having been obtained after a series of legal battles with the estate of a former receiver who died in 1872. The bank was chartered in 1856 and failed four years later. Its president, Charles Sanford. and two other officials, William P. Sumner and J. M. Beach, were sent to the state prison for conspiracy. Sanford died in prison.


Article from The Madison Daily Leader, August 12, 1910

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Article Text

Wait Fifty Years for Dividend. Paterson, N. J., Aug. 12.-After waiting fifty years the creditors of the defunct Cataract bank are to receive a first dividend on their claims. The receiver, John L. Griggs, has $3,705 to distribute among the claimants, the money having been obtained after a series of legal battles with the estate of a former receiver who died in 1872.


Article from The Bemidji Daily Pioneer, August 13, 1910

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Article Text

{ Wait Fifty Years for Dividend. Paterson, N. J., Aug. 12.-After waittng fifty years the creditors of the defunct Cataract bank are to receive a first dividend on their claims. The receiver, John L. Griggs, has $3,705 to distribute among the claimants, the money having been obtained after a series of legal battles with the estate of a former receiver who died in 1872.


Article from Tonopah Daily Bonanza, August 14, 1910

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Article Text

FIRST DIVIDEND PAID AFTER HALF A CENTURY By Associated Press. PATTERSON, N. J., August 13.After waiting fifty years, the creditors of the defunct Cataract City bank are to receive a first dividend on their claims. The receiver, John L. Griggs, has $3,705 to distribute among the claimants, the money having been obtained after a series of legal battles with the estate of a former receiver who died in 1872.


Article from Edgefield Advertiser, August 17, 1910

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Article Text

Creditors Wait 50 Years. Paterson, N. J., Special.-After waiting 50 years the creditors of the defunct Cataract City bank here are to receive a first dividend on their claims. The receiver. John L. Griggs, has $3,705 to distribute among the claimants, the money having been obtained after a series of legal battles with the estate of a former receiver who died in 1872. The bank was chartered in 1856 and failed four years later.


Article from The Elbert County Tribune, August 26, 1910

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Article Text

Walt Fifty Years for Money. Paterson, N. J.-After waiting fifty years the creditors of the defunet Cataract City bank are to receive a first dividend on their claims. The receiver, John L. Griggs, has $3,705 to distribute, money obtained through a series of legal battles with the estate of a deceased receiver.


Article from The Washburn Times, September 8, 1910

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Article Text

Wait Fifty Years for Money. Paterson, N. J.-After waiting fifty years the creditors of the defunct Cataract City bank are to receive a first dividend on their claims. The receiver, John L. Griggs, has $3,705 to distribute, money obtained through a series of legal battles with the estate of a deceased receiver.


Article from The Charles Mix New Era, September 9, 1910

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Article Text

Wait 50 Years for Payment. Paterson, N. J.-After waiting fifty years the creditors of the defunct Cataract City bank are to receive a first dividend on their claims. The receiver, John L. Griggs, has $3,705 to a distribute, money obtained through series of legal battles with the estate of a deceased receiver.


Article from Dakota Farmers' Leader, September 9, 1910

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Article Text

Wait. 50 Years for Payment. Paterson, N. J.-After waiting fifty years the creditors of the defunct Cataract City bank are to receive a first dividend on their claims. The receiver, John L. Griggs. has $3,705 to distribute, money obtained through a series of legal battles with the estate of a deceased receiver


Article from The Celina Democrat, September 16, 1910

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Article Text

Wait 50 Years for Payment. Paterson, N. J.-After waiting fifty years the creditors of the defunct Cataract City bank are to receive a first dividend on their claims. The receiver, John L. Griggs, has $3,705 to distribute, money obtained through a series of legal battles with the estate of a deceased receiver


Article from The Silver Messenger, November 8, 1910

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Article Text

Wait 50 Years for Payment. Paterson, N. J.-After waiting fifty years the creditors of the defunct Cataract City bank are to receive a first dividend on their claims. The receiver, John L. Griggs, has $3,705 to distribute, money obtained through a series of legal battles with the estate of a deceased receiver.