Van Schaick and Company was an investment company that operated on the East Coast of the United States between 1857 and September 1911, when it fell victim to the Panic of 1910–1911. The company declared bankruptcy September 12, 1911 after it was unable to pay a bill of $100,000 out of a total debt of $600,000 (1911 dollars). At the time, the company had assets exceeding $13.5 million.
The company was founded on Oct. 7, 1857 by Jacob Van Schaick, who kept control of the company within his family. When the company declared bankruptcy, it was being managed by John B. Van Schaick and junior partner Derby Crandall, who rose to that position in 1907 after the death of managing partner A.S. Gorham. At the time of its bankruptcy, the company operated branch offices in Jersey City and Baltimore, Maryland, from its New York City headquarters.
References
"Brokers fail with $600,000 bad debts", The New York Times. September 13, 1911. Page 20.
January 30, 2023
schaick, company, investment, company, that, operated, east, coast, united, states, between, 1857, september, 1911, when, fell, victim, panic, 1910, 1911, company, declared, bankruptcy, september, 1911, after, unable, bill, total, debt, 1911, dollars, time, co. Van Schaick and Company was an investment company that operated on the East Coast of the United States between 1857 and September 1911 when it fell victim to the Panic of 1910 1911 The company declared bankruptcy September 12 1911 after it was unable to pay a bill of 100 000 out of a total debt of 600 000 1911 dollars At the time the company had assets exceeding 13 5 million Van Schaick and CompanyIndustryInvestment servicesFounded1857FounderJacob Van SchaickDefunct1911Fate Nelson Act bankruptcyHeadquarters7 Wall Street New York City New York United StatesArea servedUnited StatesProductsInvestment Banking Investment managementThis article includes a list of references related reading or external links but its sources remain unclear because it lacks inline citations Please help to improve this article by introducing more precise citations June 2021 Learn how and when to remove this template message The company was founded on Oct 7 1857 by Jacob Van Schaick who kept control of the company within his family When the company declared bankruptcy it was being managed by John B Van Schaick and junior partner Derby Crandall who rose to that position in 1907 after the death of managing partner A S Gorham At the time of its bankruptcy the company operated branch offices in Jersey City and Baltimore Maryland from its New York City headquarters References Edit Brokers fail with 600 000 bad debts The New York Times September 13 1911 Page 20 Retrieved from https en wikipedia org w index php title Van Schaick and Company amp oldid 1029875975, wikipedia, wiki, book, books, library,
