Green’s Dictionary of Slang

hang up v.2

1. to rob in the street, to garrotte, to ‘mug’; thus n. hanger-up.

[US]E. Crapsey Nether Side of NY 23: [T]hose desperate thieves the police style ‘hangers-up,’ who steal upon a man in some private place, bind him hand and foot, and after robbing him leisurely and effectually, go away.
[UK]Sl. Dict. 188: Hang up to rob with violence, to garrotte. Most likely from throttling associations in connexion with the practice of garrotting.
[US]Cincinnati Enquirer (OH) 24 Dec. 12/3: [pic. caption] Hanging a Man Up.
[Aus]Crowe Aus. Sl. Dict. 35: Hang Up, to garotte.
[UK]Mirror of Life 13 Apr. 6/1: [T]he [...] then editor of the Sporting Life, when entering Tattersall's, was about, in professional language, to be ‘hung up’ for his ‘red lot’ [etc] .
[Aus] (ref. to 1890s) ‘Gloss. of Larrikin Terms’ in J. Murray Larrikins 203: hang up: garotte.

2. (US prison) to commit suicide by hanging.

[US]Goldin et al. DAUL 91/1: Hang up [...] To commit suicide by hanging. That dude [..] is blowing his top (losing his sanity). He’ll hang up one of these nights.
[UK]P. Baker Blood Posse 346: I hope you ain’t hanging up in there.
[US]Rayman & Blau Riker’s 11: Make sure nobody escapes and nobody hangs up [(authors’ note) takes their life].