Bowery Bank (New York, NY)

Episode Information

Episode UID
9470513790694
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
947051379 hash
Start Date
October 9, 1857
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
ffa7c8cd8c02aa3b

Response Measures

None

Description

Suspension in Oct 1857 followed by receiver appointment and liquidation; later dividends paid by receiver.

Events (4)
1. October 9, 1857 Run
Cause
Macro News
Cause Details
Part of the wider Panic of 1857: heavy withdrawals by savings depositors (about $40,000) amid general financial panic and loss of correspondent/market confidence.
Measures
Bank met withdrawals initially but ultimately stopped payment; later suspended from Clearing House.
Newspaper Excerpt
The depositors and bill-holders collected by the bank yesterday morning in great numbers, and considerable excitement prevailed.
Source
newspapers
2. October 9, 1857 Suspension
Cause
Macro News
Cause Details
Stopped payment after a run and lack of support from other banks during the Panic of 1857; suspended from the clearing house.
Newspaper Excerpt
The Bowery Bank, late in the afternoon, stopped payment, and was in consequence suspended from the Clearing House.
Source
newspapers
3. November 5, 1857 Receivership
Newspaper Excerpt
John A. Stewart, Receiver of the Bowery Bank, gives notice that a first dividend of forty per cent will be paid ... (receiver appointed).
Source
newspapers
4. December 12, 1857 Other
Newspaper Excerpt
FORTY PER CENT will be paid on demand BOWERY BANK DIVIDEND -A first Dividend ... JOHN A STEWART, Receiver.
Source
newspapers

Newspaper Articles (24)
1. October 10, 1857 The New York Herald New York, NY
Article from The New York Herald, October 10, 1857

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New York, Saturday, October 10, 1857. The News, The money panic is the topic of the day, and we devote a large portion of our space to the subject. There was a flurry yesterday with regard to the Park Bank, and at one time quite a run upon it. The bank, however, stood its ground, and came off without damage. The Bowery Bank, late in the afternoon, stopped payment, and was in consequence suspended from the Clearing House. We understand that as, in common with the other banks of this city, the bills are secured by stocks of the State of New York, they will hereafter be received as usual by all the city banks at par. The Central Bank of Brooklyn has stopped, and its aftairs are in the hands of a receiver. The meeting of bank officers held yesterday at the Merchants' Bank, resulted, we are informed, in little else than th e adoption of a resolution to the effect that they will afford the merchants all the relief in their power. This, in reality, cannot be said to amount to much in a time like the present. The table annexed gives the movements of breadstuffs yesterday at the various points indicated:-

2. October 10, 1857 The New York Herald New York, NY
Article from The New York Herald, October 10, 1857

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The Bowery Bank suspended this afternoon. A run commenced upon It this morning, and as none of the other banks appeared disposed to extend any aid, 18 was deemed proper to stop. The report of this bank on Monday last was as follows:-Lans, $950,642; specie, $22,398; circulation, $171,324; nominal deposits, $696,932. It will be seen that Its own supply of specie was not sufficient to last more than n few hours, and that without help It could no: sustain itself. That help was withheld. After the bank had suspended, It was suggested that a meeting or some of the Wall street institutions be held for the purpose of enabling this bank to resume. We fear It is too-late. There was a little excitement about the Park Bank this morning; but 11 soon subsided. The returns of this institution for October 3, 1857, to the Clearing House, were M follows:-Loans, $2,869,296; specie, $183,282; circulation $159,135; nominal deposits, $1,645,747; capital, $2,000,000. On the 8th Inst. It had $348,850 in specie, and a circulation of $159,356. The balance in ⑉ favor at the Clearing House yesterday was $46,000, showing an aggregate of $389,850 in specie at the commencement of business this morning. The Central Bank of Brooklyn, which suspended yester. day, has gone into liquidation. A receiver has been ap. pointed and the concern will soon be wound up. A report of the proceedings will be found in another part of this issue. A. H. Nicolay will hold a special sale of stocks and bonds to morrow (Saturday), at 12½ c'clock, at the Merchanis' Exchange. A. H. Muller will hold his regular auotion sale or Stocks

3. October 10, 1857 Worcester Daily Spy Worcester, MA
Article from Worcester Daily Spy, October 10, 1857

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New York Monetary Affairs. NEW York, Oct. 9.-There has been but little change today in the aspect of our money affairs, rates continuing as high and as unsettled as yesterday, while the demand is more pressing. There were rumors affecting the standing of two or three heavy firms, but only one suspension is known, that of Gallandel & Wetmore, bankers. The run on the Park Bank subsided early this afternoon, the bank having promptly met all demands. There was a slight run on the Bowery Bank, and also on the Brooklyn City Bank, but all demands on both institutions were promptly paid. The Central Bank of Brooklyn, was enjoined today, and a receiver appointed. The bank has a circulation of $90,000, and $1000 in specie. A meeting was held this afternoon at the Merchants' Bank, at which was discussed a proposition for the banks to provide from their common resources, a fund of five or six millions, to be used in bringing forward produce to our market. At the morning session of the stock exchange, railroads were again all lower, with two or three exceptions. State stocks remained firm, with large sales. The second board showed no improvement. At a late hour the result of the conference meeting of banks and merchants transpired on 'Change. A proposition for an immediate in. crease of loans to the amount of three millions, was defeated. This decision added to the despondency in the street.

4. October 10, 1857 Wheeling Daily Intelligencer Wheeling, WV
Article from Wheeling Daily Intelligencer, October 10, 1857

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FROM NEW YORK. Ocr. 9.-Messrs. Gall, Audit & Westmore, bankers, have suspended. The run on the Park Bank had subsided before the closing hour this afternoon. The bank paid all demands inade upon it. The Brooklyn Central Bank has been enjoined and a receiver appointed. A meeting was held this afternoon at the Merchants Bank, to devise measures of relief. It is reported that the banks will provide a fund of six millions of dollars for the special object of forwarding produce. The New York and Erie Railroad did not pay the laborers at the Tunnel to-day. Great excitement and portions of the track torn up. The Bowery Bank of this city has closed its doors and suspended from the clearing house. Its bills are abundantly secored, and will be tak en by all other city banks, the institution was a small affair.

5. October 10, 1857 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 10, 1857

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The depositors and bill-holders collected by the bank yesterday morning in great numbers, and considerable excitement prevailed. The direct cause of the suspension was the ran made by Savings depositors, who drew out within the past few days some $40,000. The officers of the Bank have no doubt of its ability to pay all its debts. The Bowery Bank, having stopped payment la'e this aftermoon, has been suspended from the Clearing-House by the Joint Committees of that Association. As the bills of the Bowery are secured by pledge of the Stocks of the State of New-York, they will be received as usual by all the other Banks of the city at par. It is fortunate for the public that the circulation of the banks of this city and State are, by the "admirable banking system, made in any event secure. There was a slight run upon the Park Bank this morning by bill holders for specie, but it ceased about 1 o'clock, after the bank had paid about $20,000. The folly of this run is evident from the fact that the bank held this morning $363,850 of specie, against $159,356 of circulation. The bank was kept open until 5 o'clock to accommodate those who had demands upon it. At 12 o'clock, when we were at the bank, there were only five persons at the paying teller's wicket. The bank was & creditor bank at the Clearing House this morning $44,000.

6. October 10, 1857 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 10, 1857

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FRIDAY, Oct. 9-P. M. The Stock market exhibits much the same features as have been noticed for some days past. The leading stocks are pressed on the market for cash, and in most cases a further decline was submitted to. There was some disposition shown to take buyers options, but the differences asked are very large, and the responsible members of the Board are not willing to do a long time business. Reading and New-York Central have been oversold and are scarce. The market consequently is firm for these stocks under purchases for delivery. Bank stocks appear to be the greatest sufferers to-day. Partly from necessity and partly from fright, small lots are continually pressed upon the market, and lower prices than ever before known have been submitted to to force sales. American Exchange sold down to 50, & fall of 13 ¥ cent, but closed at 57 bid. Bank of Commerce old st 70, Metropolitan 59, Bank of the State 65, &c. At auction there was & panic in Bowery Bank, the cales of which were pressed from 64 down to 26 under salesofabout? shares. At auction, also, Union sold at 99@90, Broadway 100@101, Artisan's 40@44, North River C7d, Shoe and Leather 80, National 901. The decline in Delaware and Hudson was marked at the Morning Board. It opened at 79, sold down to 772, Butat the close improved to 80. Erie sold 83 low as 9jis the street, Hartford and New-Haven 90, a de-

7. October 11, 1857 The New York Herald New York, NY
Article from The New York Herald, October 11, 1857

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meet together on Wednesday evening next, the at 716 o'clock P. M., at the Mercantile Library, Ander place. By order of the Board of Directors. CHARLES MORAN, President. NATHANIEL MARSE, Secretary. The fail ares of a large paper house, one in the anotion line, one in the sugar trade, several in the general grocery business, and several dry goods houses, were reported to: day, involving a very large amount of liabilities. The suspension of Cary & Do. is reported. There is no such firm in the city as Cary & Do. Mesers. Cary, Howard & Banger, formerly W. H. Cary & Co., have not suspended, nor W. F. Cary & Oo.: and as the report undoubtedly points to either one or the other of these concerns, we are happy to say that It is entirely without foundation. The actual failures comprise some of the largest, and whathave heretofore been considered the strongest houses in the city. It has, indeed, been a gloomy day, and no one seems to have the least idea of what is coming next. All fear the worst but hope for the better. Another week like that we have just passed through, would disarrange all Classes and produce a frightful state of things. The banks do not know which way to twn, or what to do. There is no unanimity of feeling among them, and they all differ upon the came print-rather, they are so divided among themselves that It is utterly impossible to his upon any general plan of action. Some of the banks want to expand, while others are determined to hold on and do literally nothing. The conservative banks are therefore likely to carry their point, for it is, NO far they are concerned, the safest, and in so doing the other banks are competted to keep in a contracted condition likewise. There was quite a run upon the Bowery Bavings Bank to-day. The failure of the Bowery Bank was doubliers the cause of this movement. The similarity in names, no doubt, gave rise to the report that the Bowery Savings Bank bad suspended. The last weekly sistement of the New Oriens banks shows a decrease in specie of nearly $800,000, and in deposits of $390,000. Oar advices from Charleston and Savannah report very tight times in financial affairs. Business MM at a stand still. Within the past three days upwards of $1,000,000 0 circulating notes were returned to the Banking Department of this State for redemption, or rather to exchange for stocks. Some of these stocks have come upon the market for sale, and we understand that some of our savings banks were in the market ers of New York State stocks on Saturday. The Reading Railroad Company continues its business as usual, notwishstanding the protest of its notes on Friday last. The company may be compelled to make an assign. ment. The directors of the Michigan Central Railroad publish proposals for a loan of $2,000,000. This will supply the wants of the company to pay the bonds maturing previous to July next, and extinguish the floating debt, within about $460,000, which is expected to be met from the earnings of the next sen months. The amount of specis in the vault of the Assistant Trea surer of the port of Boston, Sept.30, 1857, was $2,866,178 22 3,094,301 74 In the vault Sept 30, 1856 Decrease $728,123 52 The new Board of Directors of the Michigan Southern Railroad Company have organized, and elected John B. Jervis, President. This is a pretty good beginning. The Fall River Star says:-The pressure consequent apon the factory suspensions in our city is beginning to be felt among the poorer classes-whole families are suffering for bread-the fathers willing and enger for work, but nothing to do. We have heard tales of distross that would bring tears to the eyes of the most indifferent. These people must have bread or starve, and this is not a commu nity to allow the latter. More failures have taken place in Boston. Buller, Keith & Hill, hardware, Richardson, Kendall & Co woollen goods, and Peter U. Jones, paper dealer, are reported. The Hariford Courant says that the Bank Com missioners of Connecticut are faithfully attending to the trust committed to them. They are vigilant to protect the bill holders and the depositors, and not unmindful of other interests. The Middlesex and Bay State Mills cerporations have is sued a card, in which they say "that they have entire confidence in the solvency of both corporations; they both have ample personal property to pay their indebiedness, besides their extensive mills and valuable machinery. AIthat is required is time to make new arrangements and turn the property. Arrangements have been made so that all the operatives will receive their full pay when discharged." Tae Utica Observer of October 1, mys:At a meeting of the Directors of the Ulion Steam Cotton Mills, held last Tuesday ovening, 11 was moved to suspend work immediately in the mills until the Is: of November next. This is sad news to the 839 operatives in the (aoBory, but not more melancholy than thousands of laborers like them *** hearing all over the country. T 40 hundred of the operatives of the mills are womea-the remaining and boys. The Albany Evening Journal says:Pasio regravates real ovils and creates maginary ones. fundreds of people are now submitting to what they suppose necessary losses, in parting with their " broken" bank bills They have heard that such a bank is "thrown out," or "discredited, and they jump at the conclusion that its bills are worthless, or at any rate much depreclated. Yet the truth is that there is hardly a bank in this State whose bills are not this day intrinsically worth a hundred cents on the dollar. The bills are as good as over they were, whatever may become of the bank stock. On referring to the published vistement of the securities deposite at the Bank Department, it will be seen that the Chemung Ocunty Bank, for instance, had iss 000 of notes in circulation secured by an equal amount of bonds and mortgages and State stocks; that the Farmers' Bank of Saratoga had $2,000 more of securities on deposit than It had bills in circulation: that the Hoguenot Bank had $165,000 of securities against only $102 of bills: that the bil # of the Nisgara River Bank were in like manner fully secured; that the Oliver Lee & Co. Bank had $106 000 in securities and only $89,000 in circulation; that the Oatazio Bank had $20,000 in securities and only $17,000 to circulaLion; that the Canandaigua Bank and the Ontario Bank were in like mazner secured dollar for dollar; and that the Medina Bank had but $51,000 of bills, and to secure their redemption $58,000 in stocks and bonds. So, too, the Rechester Sixpenty Savings Bank, over whose " fall ure" nemerous depositors have lamented as a dead loss of all their money, is now announced to be able to pay every one of them the full amount of principle and interest due.

8. October 12, 1857 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, October 12, 1857

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tisements upon the columns of paper will not admit of their reception after the hour named. The Crisis. The telegraph announced on Saturday, that the Bank of the State of South Carolina had suspended specie payments. This was a very great surprise. The tone of representation from Charleston. as well as the high reputation of the banks of South Carolina,and especially the State Bank justified the expectation that a suspension would take place there.ifat all. after it was universal elsewhere. The anouncement only included the State Bank,but the inference is. that if that institution has succumbed to the storm. the Bank of Charleston and all other banks of the State will be compelled to follow its example. Nay, it is reasonable to conclude that the course of this bank will exert a considerable Southern influence, and that we shall hear of suspensions in other Southern States. In New York the aspect of affairs is as bad as 1 well can be. Trade is paralyzed. There is no u money to move produce. The merchants are ful. 1 ling in rapid succession. papers say they B talk of going down in A body rather than be ! shot in detail. There is warm feeling evidently growing up between them and the banks. They ask aid to the amount of eight millions-the bank* refuse. and continue to curtail. The Bank resolve to do "all they can" community to transler Streety 8" chants trae nelp the business produce, and this the merwith contempt. The banks are accased by them with being selfish, and with helping to cause the pressure and panic by their excessive loans a short time since, and their rapid and rigid amos ug Status 10 STREET to insurance six or eight weeks: the gold in the banks is fal. ling off, and the conclusion is that it is withdrawn by depositors. The Bowery Bank was run upon Illums 8 st " usnoup Ediday no pepuedsns pus concern. Its notes were taken on Saturday by the other banks The Park Bank was run upon. as already announced on Friday, but held out. and the attack ceased leaving the bank well fortified.These demonstrations shew the inflammable condition of the public mind. A little more fermentation would likely induce a run by depositors upon the banks, which would inevitably bring about A suspension in spite of that clause in the New York constitution. prohibiting the legalization of a suspension by the legislature; and thus we should have another illustration of the folly of those law makers who believe that even a constitutional enactment can rise above the public necessity. The New York banks assisted the Railroads in swelling their floating debt 80 immensely, which has helped to increase the stringency of the money market. The Herald mentions a few roads whose aggregate loans amount to $15,000,000, which is held chiefly by the banks. The rapid curtailments by the banks of New York, which are now assumed to be the financial regulators of the country, are loading them with suspended paper. of which. according to the Express, they have from 8 few houses $12,000,000. The paper of the very best men is selling at from three to five per cent, a month in the streets. It is evident that this state of things cannot last without a general wreck, from which none engaged in business can escape. What is to be done remains to be seen. The crisis is indeed alarming. The banks themselves are strong only if their debtors able to pay, and if everybody fails the banks must go down in the general wreck. New York is in a dilemma of the most serious kind, and all her wisdom is required to get out of it in the best manner. New York is the great point in the course of the storm to which we all look with most interest: because the determination there must have its effect on the commercial world in this country. In other cities. though there is more calmness, there is very great pressure. In Boston there are fail. ures.in Philadelphia ditto. The West is heavily embarrassed, and there is great distress there. Baltimore has been more free from failures than any of the great cities. and as we proceed South until we reach New Orleans, there have been no failures of consequence noticed. The South has been less involved by imprudence of her own in this pressure than any other part of the country; but must suffer through the difficulty thrown in the way of the translation of the staples of the country and their decline in value. She must suffer too, as is the case in this city from a return of acceptances upon produce in the hands of the suspended merchants of the North. Here the tobacco manufacturing operations have been greatly curtailed, and the trade is depressed with a heavy decline in prices. Tobacco acceptances are returning and Tobacco agents are here soliciting an extension of time from the Banks. The suspension of Northern Tobacco houses has been almost universal. Further South embarrassments are growing out of the financial disruption at the North, in the stagnation of business in the staplesanda serious decline in cotton. Thedecline in and the stringency reported in New

9. October 12, 1857 The Day Book Norfolk, VA
Article from The Day Book, October 12, 1857

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No Change in Financial Matters in New York, &c. NEW York, Oct. 9th.-There is no material change from yesterday, excepting perhaps, that there is less excitement.State stocks are active for investment, but bank stocks are shaky. Several unimportant failures occurred to-day. It is the settled conviction of the merchants that there can be no relief unless the banks expand. The rumored suspension of an extensive private banking house this morning was false. The proposition of the merchants for the banks to increase their loans to three millions has been rejected. SECOND DISPATCH. NEW YORK, Oct. 9-P. M.-Messrs. Gallaudet & Wetmore, bankers, have suspended. The run on the Park Bank subsided before the closing hour, the bank having promptly paid all the demands made upon it. The Brooklyn Central Bank has been enjoined, and a receiver appointed, A meeting of the bank officers was held at the Merchants' Bank this afternoon to devise measures of relief. It is reported that the banks will provide a fund of $6,-> 000,000 for the special object of forwarding produce. THIRD DISPATCH. NEW YORK, Oct. 9-P. M.-The Bowery Bank closed its doors to-day, and has been suspended from the Clearing House. Its bills, however, are abundantly secured and will be taken by all the city banks.The institution is a small affair.

10. October 13, 1857 The Davenport Daily Gazette Davenport, IA
Article from The Davenport Daily Gazette, October 13, 1857

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Later---Fears For the New York City Banko Generally. New York, Oct. 10. Rumors were current this P. M that the bills of the suspended Bowery Bank were refused by the other banks, but there no truth in the report. There are other rumors also affecting other banks here, but they deserve no at tention. These is a growing conviction in the mind- of all classes of men, that the banks must considerably extend their accommodation to the Commercial public, or that they and a large proportion of their present patrons must go to the wall.

11. October 13, 1857 The Davenport Daily Gazette Davenport, IA
Article from The Davenport Daily Gazette, October 13, 1857

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Later--Fears Forthe New York City Banks Generally. New York, Oct. 10. Rumors were current this P. M., that the bills of the suspended Bowery Bank were refused by the other banks, but there no truth in the report. There are other rumors also affecting other banks here, but they deserve no attention. There is 28. growing conviction in the minds of all classes of men, that the banks must considerably extend their accommodation to the Commercial public, or that they and a large proportion of their present patrons must go to the wall.

12. October 14, 1857 The Ashland Union Ashland, OH
Article from The Ashland Union, October 14, 1857

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From New York NEW YORK, Oct. 9. There has been no material change to day in the aspect of our money affairs; rates continuing as high and unsettled as yesterday, while the demand is more pressing. There were rumors affecting the standing of two or three heavy firms, but only one suspen ion is known, that of Gallandet & Wetmore, Bankers. The run on the Park Bank subsided early in the afternoon-the Bank having premptly met all demands. There was a slight run on the Bowery Bank, and also on the Brooklyn City Bank, but all demands in both institutions were promptly paid. The Central Bank, Brooklyn, was enjoined to-day and a re. ceiver appointed. The Bank has a circulation of $9,000 and $1,000 in specie. A meeting was held this afterkoon at the Merchants' Bank, at which WAS discussed the proposition for the Banks to provide from their common resor rees a fund of five or six millions to be used in bringing forward produce to our market. At a late hour the result of the conference meeting of bankers and merchants transpired on 'change. A proposition for an immediate increase of loans to the amount of three millions was defeat ed This decision added to the despondency. The Bowery bank closed its doors this afternoon, and has been suspended from the clearing bouse The bills are abundantly secured and will be taken by all the city banks. The insti tation was a small affair, with a capital of $350,000. The Park Bank fully sustained itself There was no little dissatisfaction among the Bergen Tunnel laborers, in consequence of the failure of the contractor to pay them, and because of their discharge; and to day there was talk of tearing up the track to night in case the money was not forthcoming by 6 P. M. Precaution has been taken by the Eric Company to keep things as quiet as pessible. Military will be on hand should a disturbance occur to-night. LATER-9 P. -The Eric Company did not pay the laborers to-day, and the report is that the track has been torn up. A very large meeting of ladies and others to express sympathy with the family of Commander Herndon, was held to-day. Wm. A. Duer, Esq. formerly President of Columbia College, presided. Addresses were made by several gentlemen. Resolutions were adopted and a committee appointed to receive subscriptions towards a fund for the widow and daughter of the gallant Herndon.

13. October 14, 1857 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, October 14, 1857

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$4,992,700 The amount of the aggregate capital of the Bowery Bank, the 'lechanics' Banking Association, and the Island City Bank, which failed previously, is $1,266,000, which, added to the above, makes the capitals of the suspended banks $6,258,700. There are some thirty-odd banks in New York. with an aggregate capital of $65,557,755, from which the above must be deducted. Their individual captals range from half a million to eight millions of dollars.

14. October 21, 1857 Weekly Council Bluffs Bugle Council Bluffs, IA
Article from Weekly Council Bluffs Bugle, October 21, 1857

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New York, Oct. 10. Rumors were current this P m that the bills of the suspended Bowery Bank were refused by the other banks, but there is no truth in the report. There are rnmors affecting one or two other banks here, but they deserve no attention. There is a growing conviction in the midst of all classes of men, that the banks must considerably extend their accommodations to the commercial publid, or that they and & large proportion of their present patrons must go to the wall.

15. October 21, 1857 Weekly Council Bluffs Bugle Council Bluffs, IA
Article from Weekly Council Bluffs Bugle, October 21, 1857

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NEW YORK, Oct. 10. To-day has been the bluest one yet in our market. The Illinois Central R. R. Co. made an assignment. The run on the Bowery Savings Bank continued throughout the day. It is believed to be amply able to meet all its liabilities. The run on the Brooklyn Savings Bank had somewhat subsided at noon. Up to that hour $90,000 had been drawn out. Genin, hatter, and Fenton & Lee have suspended. Railroad stocks went down still further, Illinois Central R. R. bonds falling off 15, and the shares 5 cents. The Park Bank went through the run yestergay nobly, and closed out to-day stronger than before: There was & large business in State stocks, mostly at lower prices. There were rumors in the afternoon affecting the credit of some of the heaviest houses in the city. H. A. Colt, whose failure is announeed to-day, is agent of Drake & Co₂, Havana. The Bowery Bank goes into liquidation.

16. November 3, 1857 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, November 3, 1857

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303,000 166,000 15,000 41,000 1856-7.. $0,000 288,000 229,000 33,000 34,000 1855-8.. 162,000 211,000 154,000 $8,000 13,000 1854-5.. 73,000 197,00 96,000 10,009 17,000 1855-4.. 71,000 282,000 21.000 155,000 17,000 1852-3.. 117.000 Thus the receipts show a falling off A 146,000 from those of last year, and 127,000 from 1852-3, and the exports exhibit the following results: Steck. Gt. Britain. France. Other F. P. Total 1856-7..Inc.37,000 Dec 22,00 Dec 3,000 Inc. 131,000 1852-3..Dec.S0,000 Inc..2,000 Dec.6,000 Dec.37,100 Dec $3,000 Pursuant to a call, a meeting of stockholders and depositors of the Bowery Bank was held yesterday at the Philadelphia House, No. 145 Bowery, to hear a report relative to the affairs of that institution, and to take such action thereon as might them be deemed expedient. Charles A. Purdy, eeq, of White Plains, was called to the Chair, and Mr. John R. Haywood appointed Secretary of the meeting. Mr. Purdy, on taking the Chair, stated the objects of the meeting, and then introduced to the assemblage F. W. Edmunds, esq., who, be said, had, at the request of gentlemen connected with the bank, prepared a statement of its condition to lay before them. Mr. Edmunds said: I ought in the first place to state, for the benefit of this meeting, that I am in no. wise connected or interested in the affairs of the Bank; I am neither a stockholder nor a depositor. The way I came to enter the business of investigating its affairs at all, was simply thus: After the suspension of the bank, I was called upon at my residence by one of the Directors, who, knowing that I had long been connected with the city banks, including the period of bank suspension of 1837, requested me to tell him how we proceeded in 1837 to resuscitate them, and what measures I would recommend to be pursued, in the case of the Bowery Bank-whether it could be resuscitated or not-if it could be resuscitated, what steps should be taken to effect that object. I told him that I could not tell him unless I should examine the books of the bank: if he had a mind to let me examine the books, I would then state whether, in my opinion, the bank was in & condition to be resuscitated. Subsequently the same party called upon me again, and requested me to go forward and make the examination which I proceeded to do, but not 80 thoroughly 88 I shouldhave done had I supposed that I should be called upon to make a public statement. The object of that examination was to ascertain whether the assets of the bank were sufficient to warrant the idea of starting business again. I made a report that they had not sufficient, and that they had not better attempt to go on, There is no doubt of one thing, viz: that the institution itself has & most excellent business; that after standing the run with other banks for some time, it still has on hand over half a million dollars; it would be & pity, therefore, to let the bank go out of existence; but whether you will go on with it, you must know how its affairs stand, and in order to avoid befogging you with figures, I will endeavor to make myself understood as succinctly as possible. Firstly, then, what are the liabilities of the bank ? Next, what has the bank got to pay those liabilities with 9 And, lastly, what is the value of the assets ? These questions may be briefly answered by the following statement of the affairs of the bank, as prepared Oct. 23, 1857:

17. December 14, 1857 The New York Herald New York, NY
Article from The New York Herald, December 14, 1857

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Mr. John A. Stewart, Receiver of the Bowery Bank, gives notice that a first dividend of forty per cent will be paid on demand on and after this date, to the creditors of that bank, upon all claims which have been established against said bank prior to the 11th instant. The armered statement exhibits the amount of specie

18. December 17, 1857 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, December 17, 1857

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No. 153 BOWERY, Dec 12, 1857. #ORTY PER CENT will be paid on demand BOWERY BANK DIVIDEND -A first Divion and after this date to the Creditors of the Bowery Bank upon all Cleims ascertained and established against said bank prior JOHN A STEWART, Receiver. to 11th inst.

19. April 3, 1858 The New York Herald New York, NY
Article from The New York Herald, April 3, 1858

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-pmunuo required the Comptroller-The Manner In which He Discharges His Duties Related by Himself Conditions "IH The examination of Jas. B. Smith-formerly one of the sey 'pedents SI 11 em "I penumus SUM 'Amsuers AND em Sessions, before the Recorder. All the parties concerned were in attendance promptly at the hour fixed for commoq ne mg %01) superood em Bujonem HWJ em JOJ lesunco em jo m 1801 JO eq: arr en печм *puells on 2m Comptroller Flagg, the complainant, was resumed. Suppeds 0.10M OM 1991 ano TU 'SSUE' 'If o no Rung Aremon eq: of penssi 000'83$ JO ;unours site JO -ow anms seqs Moqs 01 '1991 Ortober JO 4121 em 1841 07 useu nox op tem jo $12.00 JOJ ou peq 11 quick 01 'Rueq eq: 04 penss 0.00M 000'IT$ 01 ребледо 100 88M pus em 01 penss SUM 000'TI$ 'V any account. em 01 pied 000'IIS em run Aug 01 used nos in o Bowery Bank were paid to it without any right on its part 1941 Ave JOHNSO Ij8 ON V IN receive 01 1857 Cotober's JO THE on TO 1507 Mony you nox od o -un ene JO creditor eq: SUM Bask Bower eq: weqs sumoure your 8 01 a A sep '08 useq casq ABUI 11 V $28.000 enp SWM your мод JO wepp us sn Bire son nod THE o our 18th marem em alou 01 88 08 'Aus equal 4q your the Corporation had right to issue A. There were numeemp up earn THE TO pieq rueq eq: 1941 mem 10 JO em etail pinoo sqot real our Supers 10 American em pinom " mg 'Maigh basis on which make my calculation 1 "II"M 'V our sn GA13 MOUN noA se Jej os o em 01 Suprosed 100.00 servent SUIS eq: uo think eq pinom check advaned 1891 'ethor epen USMH report SUM which Contract 100.119 puoces- em no '000'91$ Sumpling 19141 1,uop I mem 01 pensisse SWM 1891 require 1801 SUM enp earn IV -AMS our no 000'91$ 10 000'01$ euros permite ABOVE o second street contract? A. Yes, sir, and considerably more than stated on the Fifty seventh street contract; eq persons services em an THERE # si Liere em surveyors. PIP contract AUM eq: no your MOH o they claim more than you have mentioned? A. According 1020 "If jo stearms on 4q claim Som recolled Aux 01 JW pus eq: 10 peeq eq: JO eq: pus Turner in the aggregate, $76,000; Mr. Ewen's compute greds 1000'19$ eq prom DAJUS 419 or According 'non pied eq pinom suins which jo 100 em JO mother suriet Seneral u! sept us sn DATE nos o JO our uo queq our enp I'm 000'07$ JO 000'09$ em I'V the moths Obtober noo Bower em JO 1 as peq runq 'JOQWOAON 10 October a reque no they the $23,000. jo WILL em 1891 uo pped useq pay Supplou pay o 218 ON < Q. Then understand you to say that by this payment ITEM AHD eq: JO THAT em uo Rusq am 04 000'83$ jo prom " Twen MOUN 100 op I 'V shows 1 you Q. Has it lost anything by that payment of $23,000? 101911 pesodxe ST 11 you JO seq " not tourso 'V 18801 01 -W THE collugion Aue yusq our uodn noX oct o 'V gara more 000'87$ SITE urango 01 I the Aus uso ine charge 1841 1001 eur rains epsur AUB charge THE perjuned rusq our THE charge 01 used not oq o 'V geesedand JOJ 000' 11$ sup no 18 and -rem experiment Aw 01 ewice GARD 18q1 Store eq: required up Codrego Lue open 100 eAsy . gons THE eq1 JO Serveeds UIV STATE 9.18 nos yang the jo come am 01 eurso feqi 98 JRJ 08 " JOJ peter oqa persons SEM pus 'rueq eq, of JOAO ppd SEM 000 ITS em o snopxouqo JJ084 repues you 11 PIP 'mins 16q1 on you at sq object 01 puners 941 uo am JOJ jevance sq 01 persons SEM assum em noum 8 201 called 31 1841 uogsonbs gone 1601 esnweed 06[8 pus 'my as 100 our 4q percess eq you pinoo SVM uopdeoxe us pms em permans Code OUL taken 18 THE -N 'sma -N JO metter sign 03 uj o 203 check pus spuoq m 008 88 JO signoms these each the 'JOM08 100218 mage America eq: 01 charged Mere 009$ yonur " 01 And ets 01 creditor SHIN W you sem "ajs great usq 'V ;unours Yes, uSpsse OSTE SEM contract 1841 'V течм TO o ed to the Bowery Bank. 11 SWM :AHO our 0; credito 8 09 SEM ;unours TSQM OL o SEM 11 V 6000'01$ JO a eq1 up 10 000'8$ 'roup I 'DVM " :my 01 pred 1mount am '000'01$ 008'8$ equal 20 pied signature these arem were 0 'etsp am recebert MOC 100 op V 2009$ eq: per oad SUM 11 'V ut 111 SUM 4:20m 18qM up o 01 monum 18q3 JeMsus 100 pinoo 01 snoja Q. Do you charge Mr. Ellis with having conspired with mosj 1 006 JO ;unours this upriqo 01 Think un and ean Objected to and objection sustained. Exception taken. "IN or questind sun &q Sayon the 1901 and em SWH 0 THE Objected to. Sustained. Exception taken. you 118 no ema prom eq plus Recorder end THE pus THING JO 10 uns em uodn Suppect patrick jo uexods ever nos em 01 "I o * ueeq Allowed pay pas mins Deemined Coderstion eq: THE Objected to and sustained. not 164) 009$ jo symours 0.00 01 relation uI is 1, UOP IV gino UMEJP Sem 0.00 M neqm 'JO dates. esoqi recolled details eq: 'V 6003 1881 " SEM o 07 persodde should eseq: eurns em 18 W PH o 100 Builand moon ou mig on prud useq DAVE en recorder 1,00p I 'V george mos more Aenour org 'shooq Nujdees adeoxe page Q. Were there not from time to time different small ex penses in your office which he had a discretion about meeting or paying? A. None in 1857 that recollect tome equal 100 FEM qons reqs des 04 used дор nox o good UIV I 'V an requirement uop nos (sq) mereing 1667 at 100 pay au 1841 DAN " directed nod II sup pood 08 recorded 4004 SI o Themes Mou prom nos OM1 MED of THIS -J0 and JO seeming em JO Amount eq: n° preme " der fice? A. might not Q. When ou signed the warrant for Fitzpatrick, dated nos PIP '16 062'99 01 Supunome 'L981 November 4111 touop request resely AJ9A I 'V as read = ref sign pourts no4 reqt botter anos SI o ou eAsq 'V goan 041 IV su jo a Zujeq doubt they were stated to me by Mr. Smith at the time. JOJ colleted SEM 100000 sign 1941 nos piot eq 11 0 work on the Forty fourth street contract, were you able JOJ Sujop 10 euop MIOM your SUM Liere THIS requester 01 you progrably No. 'V Joun 10 AHD em nox smp our 18 nos 01 on compond eq PMI 0 MI Jo Aue monum 11 najs non PIP 10 " paazis correctoess? A. cannot remember individual cases, 01 earn our TO SUM blere ---- mojeno em mg mag 01 am 154M to MOU on DARY nox 0 when you signed this warfant? A. No particular recol18q1 u) [ on nos pay exems jo 1 en o bookkeepers in your office? A. Yes.sir. ** pus mus V Seq: DIAM OUM o em bookkeeper. Request 08 eoggo and m, jo sagnp eq: Mere o smon ion pineo 80018 Perchase - will Objected to. Objection overruled. A. Mr. Pinckney could not keep all the separate books am u) 001 there SUM 20 siq jo no aside 1847 PHI o as 103 qoing Objected to and sustamed. on jo committee 6 02 ion nos PIC O вошо " am THE INJ jo course on as -09 am deex 202 prinoo Log: 1891 мэ; 08 010M *** Supplier JO 0301 ajunoo 1,00p V Q. Do you remember the committee, consisting of Mr. into 1991 impuning Jamo OM1 pas Franklin 'sox 'V and 1891 JO asmoo on at ecgjo mos JO вледа em 'Jj8 Q. Do you remember stating to that committee that 09 'sogo anod up 20000 jento sm JO S.10.110 'V group 01 00201 you peq nos comeo No. sir Q Did you complain to that committee, or any of them, mos deer 01 00201 100 peq not seq: persions to pus 04 JO jo Committee am 01 100 nos Pid o some of that committee on or about October last, that 01 ecgo mos 01 clerks jo Forde you SUM and jo eur e) page pus 'shooq correct been office were therefore unavoidable? pus 01 include . exem SEAL 1991 jo eq: as 0 jo commission eq: 01 inof 41 Clerks jo 30103 'sex Y ¿** mos JO em IIW an Aas 118 of REM 1991 01 contract Supprise a o u; 10N 'V tou ITEM # 10 our Am

20. August 23, 1858 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, August 23, 1858

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# SUPREME COURT, KINGS COUNTY-JA- COBH DATER, Plaintiff, ag. JOHN C. RIKER, Octavia R. Riker his Wife, Lucretia Jate Arms, Benjamin F. Manierre, Caroline Marierre his wife, The Essex County Bank, The Rensselaer County Bank, The Farmers' Bank of Lansingburgh, James French, Smith Barker, Henry M. Whitehead, Anastasius Nicholas, James Lewis, John Callow, John A Stewart, Receiver of the Bowery Bank; William G. Reed and Abraham Senseny, Defendants.-To Lucretia Jane Arms, William G., Reed and Abraham H. Senaery, Defendants: You are hereby summoned and required to answer the complaint of JACOB H. DATER, Plaintiff, which was on the 24th day of July, 1858, filed in the Kings County Clerk's Office, and to serve a copy of your answer on us at our office, No. 6 Wall-st., in the City of New York, within twenty days after the service hereof upon you. exclusive of the day of such service. And if said defendants fail to answer said complaint as hereby required, the plaintiff will apply to the Court for the relief demanded in the complaint.-Dated July 24, 1858. BLEEKMAN, HYATT & BROWNELL. Pitid's Attorneys, No. 6 Wall-st, N. Y.

21. August 30, 1858 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, August 30, 1858

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UPREME COURT. KINGS COUNTY.- - JACOB H DATER Plaintiff, ag' JOHN €. RIKER, Octavia R. Riker his Wife, Lucretis Jane Arme Benjau in F. Manierre, Caroher Mazierre his Wife, The Essex County Bank, The Rensselaer County Bank, The Farmers' Bank of Lansingburgh, James Fresch, Smith Barker, Henry M. Whitehead, Anastasine Nichohs. James Lewis, John Callow, John A Stewart, Receiver of the Bowery Bank; William G. Reed and Abraham Sensony, Defend anta- - To Lucretia Jane Arms, William G. Reed and Abrahsm M Senseny, Defendante: You are hereby summoned and required to server the complaint of JACOB H. DATER Plaintiff, which was on the 24th day of July, 1858, filed in the Kings County Clerk's Office. and to serve 8 copy of your soswer on us at our office. No. 6 Wall-st., la the City of New York, within twenty days after the service bereof upon you exclosing ve of the est of such service. And If said defendants fall to snewer sur complaint SP bezeby required. the plaintiff will apply to the Cocal , the relief dems: ded to the complaint -Dated July 24, 1858. BLEEK MAN, HYATT & BROWNELL AL25 lewewMo. PRIP: Attorkeye No. 5 V et. N. Y.

22. September 13, 1858 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, September 13, 1858

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UPREME COURT, KINGS COUNTY.-JACOB H. DATER, Plaintiff, agt. JOHN C. riker, Octavia R. Riker his wife, Lucretia Jane Arms, Benjamin F. Manierre, Caroline Manierre his wife, The Essex County Bank, The Rensselaer County Bank, The Farmers' Bank of Lansingburgh, James French, Smith Barber, Henry M. Whitehead, Anastasius Nicholas, James Lewis, John Callow, John A. Stewart, Receiver of the Bowery Bank; William G. Reed and Abraham Senseny, Defendants.-To Lucretia Jane Arms, William G. Reed and Abraham H. Senseny, Defendants: You are hereby summoned and required to answer the complaint of Jacob H. Dater, Plaintiff, which was on the 24th day of July, 1858, filed in the Kings County Clerk's office, and to serve a copy of your answer on us at our office, No. 6 Wall-st., in the City of New-York, within twenty days after the service hereof upon you, exclusive of the day of such service. And if said defendants fail to answer said complaint as hereby required, the plaintiff will apply to the Court for the relief demanded in the complaint.-Dated July 24, 1858. BLEEKMAN, HYATT & BROWNELL, au23 law6w Mo. Pitiff's Attorneys, No. 6 Wall st., N.Y.

23. October 3, 1875 The New York Herald New York, NY
Article from The New York Herald, October 3, 1875

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BOTTEN BANKS AND NON-ACCOUNTING RECEIVERS To THE EDITOR OF THE HERALD:The Third Avenue Savings Bank has "gone in," to use a common saying, and a receiver has been appointed. How long has that receiver in law to settle up the affairs of the bank? Can he take his own time, like the receiver of the old Bowery Bank, Mr. John A. Stewart, who entered on his duties of receiver of the latter bank in 1857, and who has not to this day rendered a final accounting to the unfortunate stockholders of that defunct institution, notwithstanding the receiver has all the affairs of the bank settled ? Will the receiver of the Third Avenue Savings Bank be allowed eighteen years or more to realize on the real estate of that bank, the same as the receiver of the old Bowery Bank aforesaid, and thereby eat up the property of the unfortunate depositors in clerk hire, fees, &c. ? This is a great country, all must confess. Well filled with broad lakes and big ditches. A SUFFERER IN BOTH BANKS. NEW YORK, Oct. 1, 1875.

24. February 18, 1877 The New York Herald New York, NY
Article from The New York Herald, February 18, 1877

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WHAT IS THE MATTER? John A. Stewart, now President of the United States Trust Company. No. 49 Wall street, was appointed receiver of the Bowery Bank, November 5, 1857almost twenty years ago-and has not yet made a complete settlement with the stockholders of that institu. tion. He admits that he has a final dividend for the stockholders, but for some reason unknown he has delayed to. make an accounting, although promising repeatedly to do so. His singular conduct IS inciting inquiry among the confiding stockholders as to the cause of his actions. Indeed, it is understood that the less patient of the stockholders are considering the propriety of taking some action to compel Mr. Stewart to account for his tardiness.