Henry Bischoff & Company
Henry Bischoff & Company was a New York City banking house which became insolvent in January 1914. The business was started more than
forty years prior to its failure by New York Supreme Court justice Henry Bischoff (September 9, 1827 – March 7, 1902). From March 7, 1902 the bank was owned by Bischoff's son-in-law, James S. Meng and William J. Beacher, formerly Bischoff's partner. It was located at Tryon Row and Centre Street.
Aside from banking deposits the company maintained a significant trade in the sale of steamship tickets to people traveling overseas. In January 1913 a bank was incorporated using the name Bischoff's Banking House. The fourth floor at 287 Broadway was owned by Henry Bischoff & Company. This location served as a workplace for customs house brokers and forwarders and receivers of money on deposit for safekeeping. At the time of its failure the financial institution had 1,000 depositors with deposits in the amount of $360,000, secured by a surety bond of $100,000. The majority of the depositors were people of southeast European ethnicity.