West Side Bank (New York, NY)

Episode Information

Episode UID
1008471013
Episode Type
Run → Suspension → Reopening
Bank Type
state
Bank ID
100847 routing
Routing Number
1-0084
Start Date
May 24, 1884
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
7768d7981cc4cdd3

Response Measures

None

Description

Embezzlement by paying teller (Hinckley/Hinckley variants) triggered withdrawals; bank suspended 1884-05-24 and resumed about May 31–June 1.

Events (3)
1. May 24, 1884 Run
Cause
Bank Specific Adverse Info
Cause Details
Run triggered by discovery that paying teller C. A. Hinckley (variants Hinckley/Hinekly) had embezzled roughly $85,000–$97,000 from the bank.
Measures
Officers promised a statement; refused to comment publicly; some depositors drew partial amounts; attempts to arrange clearing-house assistance were reported.
Newspaper Excerpt
There was a considerable run on the West Side Bank this morning... owing to the $96,000 defalcation of Hinckley, the paying teller.
Source
newspapers
2. May 24, 1884 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended as a precaution after teller's defalcation and ensuing run; American Exchange refused to clear for them.
Newspaper Excerpt
At 1.30 P. M. the doors of the West Side Bank were closed... The following notice was posted ... suspension of this bank.
Source
newspapers
3. May 31, 1884 Reopening
Newspaper Excerpt
The West Side Bank to-day resumed. ... The West Side bank of New York will shortly resume business.
Source
newspapers

Newspaper Articles (22)
1. May 24, 1884 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, May 24, 1884

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Goings On In Gotham. New York, 23.-The insolvent schedule of the firm of Owens & Mercer was filed to day. Liabilities $200,468, nominal assets $888,307, actual assets $28,045. Judge Donohue granted several orders permitting Receiver Davies of the firm of Grant & Ward, to adjust claims of creditors. James Keene this & fternoon told a reporter he expected to be able to pay his debts in fall if his creditors would give him a little time. To this end he makes a proposition to holders of his obligations. adjusted and unadjusted, to accept his notes dated May 1, 1884, for the full sum due them on that day, payable in twelve and eighteen months. For privileges not matured on that day he proposes to give notes for amounts received by him when the privileges were issued. Charles A. Hinkley, paying teller of the West Side Bank, Eighth avenue and Thirty-fourth street. embezzled $96,000 of the bank's funds and decamped. The embez zlement was discovered on Wednesday last. Hinkley did not appear at the bank on Wednesday morning, and not answering to a summons sent to his house, it was suspected that something was wrong. The books were overhauled and a large deficit detected. Bank officers certify that the capital stock $200, 000 is intact, and there is a surplus of $100,182. Hinkley has been connected with the bank as its paying teller ever since its organization, fifteen years ago, and was regarded as a man of most rigid integrity. Half a dozen detectives and deputy officers и atched the house of John C. Eno to night, servants admitted only intimate friends, Eno, is in bed sick.

2. May 25, 1884 The Daily Cairo Bulletin Cairo, IL
Article from The Daily Cairo Bulletin, May 25, 1884

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UNABLE TO MAINTAIN DISCIPLINE, and among the passengers only a few were able to save themselves. Many clung to the rigging after the first shock, thinking the vessel would stand the strain, and they might be picked up when the fog cleared, but when the vessel went to pieces they were all lost. Only $96,000. NEW YORK, May 24.-There was a considerable run on the West Side Bank this morning. Cashier Dobler said that Hinckley had not been heard of, but the deficit is not over $96,000.

3. May 25, 1884 Daily Los Angeles Herald Los Angeles, CA
Article from Daily Los Angeles Herald, May 25, 1884

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EASTERN. to Bills Land Forfeit Hailroad Grants. 24.-The Senate de WASHINGTON publie May Lands forfeiting to-day, land cided Con. mittee opposite to report on the Pacific bills uncompleted main Atlantic line portious and & grants of branches the Northern of the line Senator and the Plumb Pacific thinks the Pacific forfeiture amount Railroads. to of 13,000,000 the Northern 36,000,000 acres and acres. lands the Atlantic will further & Pacific provides to occupied that lieu by bona per acre fide The hereafter settlers, bill selected, should if be sold at $1.25 side Light Bank. for 160 Run acres. on the West Side 23.-There Bank has New small YORK, run May on owing the West to the $96,000 teller. been a paying in and this of Hocked drew a promised of not been heard yet. It a of not run. defalcation drew A say crowd their The a of money. statement. depositors officers about Many of the the defalcation, The Hinckley only bank bank refused has does has but a much anticipate of many thousands. the oil Fire situa. surplus Further The in Lose to 24. The at is tion un* is no There changed. The the May Oil immediate Works oil pros. is spreading. of piercing pect of the freely fire and tank a project by cannon considera balls, A tion. but are officials burning the 25, 00-barrel the oil, is placed under in position cautious The to draw off cannon WAS of the sur- Oil Bellmont rounding property. the are and gas Works works regarded as safe. At of oil were noon tanks fourteen in more great several danger. five The acres. fire some The it to confined exablaze The is flames likely and >pread tiremen to continue over feel contident to the burn oil that now several days. they can keep There have been the wind may change now A in is said the 1084 Wholesome will Effect Riot. of the Late indicted at was CINCINNATI, with Ohio, Allan May of Ingalls, 24.-Benj. the Taylor family, Avondale, of in the first murder Johnson, for who, the murder this afternoon deThis hour. 1 de to livered the Ohio Medical case of fifteen for them dollars paid apiece gree. was found the guilty The on the jary where evening was College, out the one bodies the and to killing were Ingalls and in hung himself Johnson. Ingalls a time jail May short Louisville Races. 24. year-olds, Ky., for three straights. mile Fleetwood heats, Venture each heat, won Figot in third. dash, Fros stakes, second; In the won; John Time, 1:44. Time, Long Knight second 1:45 Swegert third. 1:47:1. Henry, all mile ages, second; Jose Centerville, In the purse first; of $400, Tom Time, for Barlow, minutes. for 2 all ages, second. and Lucille Phillips In the Dalle, was Steeple miles, third. chase Captain Time, handicap, 4:19. Curry free won; Honda. bills YORK, 8 $4.85; e Ohio Mterling. Boy, Exchange May Sterling Sterling U. $4.87; V S. U. e S. 3s, 1 534. y on bills S. New 41st London, ou of 4s, London, 1891, 1907, optional. 60 interest interest days, gight quarterly, drafts, quarterly, quarterly $1.00%: $1.20% $1.13; I May of W. U. U. Suit Tel., for Heavy Damages Father St. Leon Bonard's with BOSTON, Mass., Italian society whose name curious was has money h the iface, Catholic of the Church, certain alleged brought quit for Boston against associated $100,000 t damages. o an of ohio Bank Suspension is YORK, May reported of New Union Bank, Urichsville, that Ohio, the has suspended.

4. May 25, 1884 Seattle Daily Post-Intelligencer Seattle, WA
Article from Seattle Daily Post-Intelligencer, May 25, 1884

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The Great on Fire. May 24.-The fire at PRILADELPHIA, spread during the Atlantic is sweeping over burst, the works. and night, tanks have oil made to run off the The parafine works, consist- have brick buildings. the loss being $200,000. of oil are abl ze, The and in great danger. I neveral spread ver five acres. for an fimes are continue to burn some likely the firemen feel confident that keep it confined to the oil now days they can Since 4 a. m. there have been burning. explosions. change of wind neveral It is now said and there the losses $600,000. is The no immediate situation is prospect of the fire spread oil is burning fiercely. and a it The for piercing the 25,000 barrel project to draw off the oil lookby ANDK A cannon has is under in position, but the officials been placed about surrounding prop are cantions The Belmont oil works and the arty. are regarded MR safe. 24.-At midnight fire was practi Late this afternoon tank took fire, and the were atonce fired into it, and ennon holes were made in the tank, a overal 12 pound pr jectile from A naval from howit- the whole frame poured out in torrents. and the battery men and firemen fluid. were to run from the urning obliged leave the guns to be destroyed. and then burned without doingother The oil The heavens were illuminated damage. the night by several tanks bubblung over. doring The fire will probably burn Reported Suspension. reported that the Union Bank of Trichville, Ohio, has suspended. The Money Market. NEW YORK, Money percent; closed offeaed 1; prime exchange. mer eantile piper, 5(db; sterling bankers bills, quiet but stear emand, 4.85½. Stocks and New YORK. 100% itsen. Again, Imany agreement the very erroneous of the worst m assessors make, and the cannot correct it, because other property adjoining Example- and R in the 39, and * some gra Fargo and mutton, ponitry ma 198. ail contain mineand Guemes Idden. Panl. Minuroad Company by the Collector of innip that theshiomen Manitoba from the United AO forbidden except under the lations providing for their immeslaughter. Brighton Beach Races. BRIGHTON BEACH, May 24.-Five furlong dash, all ages-Little Minch won, Plunger second, Knight Templar third. Time. 1:10½. Selling race, % mile-Bonlott won, Marsh R dean second, Mule third. Time, 1:181/4. One mile. all ages-Little Fred won, Amenic second, Fiona third. Time, 1451/2. Hurdle race, 1½ miles - Buckram wen. Roohester second, Ike Benham third. Time, 2:22%. Open Again. PITTSBURG, May 24.-The Pennsylvasia Bank opened and is doing an active basiness. with A steadv gain in deposits and no rush to secure funds. The stock today was several points above par. An Alderman shot. CHICAGO, May 24.-Alderman Michael Gaynor, shot by a tough named Jim Dacev in a saloon on the night or Ma 13th. died this morning. Gayner had been a member of the City Council four years. the Late Failures. NEW YORK. May 24.-No suspended Wall street firms have completed the Saiement of their condition. The treditors of H. C. Hardy & Sons have appointed 8 committee to suggest plans forasettiement. The Bank Defalcation. There has been 8 small run on the Westside Bank this afternoon owing to the $96,000 defaloati in of Hinekly, the mying teller. A crowd of depositors flocked in and drew their money, many only drawing A portion. The officers of the bank refused to say anything of the defalcation, but promised a statement. Hinokly has not been heard of yet. bank does not anticipate much of a roo,and has a surplus of many thousands. Renk Efotament

5. May 25, 1884 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, May 25, 1884

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Bank-Suspension. [By telegraph to the Dispatch.] NEW YORK, May 24.-The West-Side Bank suspended this afternoon. It was not a member of the clearing-house, and the American Exchange. Bank refuse to clear for them any longer.

6. May 25, 1884 The Dallas Daily Herald Dallas, TX
Article from The Dallas Daily Herald, May 25, 1884

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LACONIC LIGHTNING The Pittsburg Commercial exchange recommends the prompt passage of the bil in congre 8, which proposes to make bill of lading negotiable. At the inquiry into the Tubbercurry con spiracy at Sligo, yesterday, Patrick Delany the invincible informer, testified that "No 1" was present at the Poenix Park assassination, and that Brennan, ex-secretarv of the Land league. was a member of the Fenian directory. He also said he (witness) was one of the party who went 10 shoot Detective Sheridan. In his opinion members of the Fenian organization were en couraged to commit crime. Father Boniface. of the Italian society St. Leonard's Catholic church, Boston, whose name was connected with certain curious money transactions, has sued the Boston Herald for $100,000 demages. Timothy Low, aged 30, of Lawrence, Maasachusetts. went to the residence of Timothy Sullivan, in North Andore, where he found the two daughters of the la'ter, aged 13 and 17, alone. He grossly assented the eldest, who resisted and was choked to death. The youngest screaming for help, Low choked her till she became ins neible. Fears are entertained that she will not recover. He WaS arrested Benjamin Jonnson, the accomplice of Allen Ingalls, the resurrectionist, in the murder of the Taylor family, at Avondale, Ohio, was convicted vesterday at Cincinnati of murder in the first degree. Ingalis, it will be recalled, hung himself in his cell. The Louisiana republican state ce-tral committee has edopted resolutions strongly condemning the tactics of the democrats, especial y in the ninth and twenty-first districts, and providing for the appointment of a committee of five to collate evidence and give it publicity. Republican members of the legistature are c lled upon to use every en desvor to secure constigation of democratic out:ages. Latest advices from the fire raging in the oil WI rks near Philadelphis represent the situation unchanged. Cannon are ready to pierce the large tank when it becomes necessary. The winners at Louisville yesterday were: Venture. Long Knight, Jose Phillips and Captain Curry. The Brighton Beach racing season opened yesterday with the folowing wieners: Little Minch, Boulette, Little Fred and Beckra. Officials of the West Side bank. New York, are reticent as to the effect of Teller Henckley's embezziement upon the status of the institution They claim to have sufficient money to stand a heavy run. It is believet the amount of Henckley's embezzle ment is under-stated. Notice of temporary suspension has been placarded with the statement that depositors will be paid in full. Five thousand two hundred and twenty five immigrants arrived at Castle Garder during the past week. Three-f urths of the Arrivals are bound west. The Manhattan Elevated railway com nany has been merged into the New York Elevated. Sixty-eight chiefs of the 1 land of Tanna in a petition to Quen Victoria, pray for protection againwt the French and for anex ation to the Australian colonies. Itis stated that a united effort is making by the Transcontinental Trunk line and Colorado pools to restore freight rates from Chicago to Colorado points. Success is probable. The Times-Democrat'e, New Liberia special says reports of the trouble in that parish are very much exaggerat.d. At the Galveston county convention Hon. Seth. Shepard was chosen permanent president. Eleven delegates and sever alternates to each of the state conventions were chosen as follows Fort Worth: Hon. Seth Shep ard, N. W. Jordone, A. 8. Newsom J. M. Frisbie. C. Clark, N. W. Rhodes, o S Eaton. M. Coffee, J. Daly, C. W. Praston and John Mealy: alteronteo-M. C. McLemore H. J. Lebatt H. K. Mann, G. P Finley R. G. Street, John Levring and Pat Emmest Couston-C. C. Sweeney, Joe Owens, Jo no Wheeler R Stubbs G. W

7. May 25, 1884 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, May 25, 1884

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Another Run. New York, 24.-There has been a small run on the West Side Bank this afternoon, owing to the $96,000 defalcation of Hinckley, paying teller. The erowd of depositors flocked in and drew their money. Many only drew a portion. The officers of the bank refused to say anything of the defalcation, but promised & statement. Hinekley has not been heard of yet. The bank does not anticipate much of a run, and has a surplus of many thousands. It is stated the to'al liabilities are $1,800,000, and the bank had to meet them $1,700,000 in business paper and $200,000 in money; $600,000 of the paper matures within the next three weeks. It is understood some banks of the Clearing House Association were asked to share with the American Exchange the responsibility of assisting the West Side Bank. The proposal was not aecepted, however, and then the American Exchange refused to continue making its changes.

8. May 26, 1884 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, May 26, 1884

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NEW YORK FAILURES. Another Bank Closed its Doors-Warrants Issued for the Arrest of John C. Eno and Jas. D. Fish. 1 NEW YORK, May 24. At 1.30 P. M. the doors of the West Side Bank were closod. The president stated that the American exchange had refused to clear for them. The following notice was posted With the deepest sorrow we have to announce the suspension of this bank. A statement will be prepared at once, and depositors will be paid in tull, and we hope to resume again, and merit the continuance of your past favors. It has been learned that warrants were issued today by the U. S. marshal for the arrest of John c. Eno, late President of the Second National Bank, and Jas. D. Fish,lat president of the Marine National Bank. In the afternoon two deputies visited the house of Eno and insisted on searching the premises. The alarmed inmates refused to allow the search, and the police officer on the beat was called in He explained that the marshal had a right to examine the house to see if Eno was in it. They did so, from top to bottom, but without finding any trace of Eno. Where he is now it is difficult to say. The detectives keep up their watch, however, on Eno's house. The arrest of Jas. D. Fish, late president of the Marine Bank. was reported shortly after midnight, on a warrant issued by U. S. Commissioner Shields. Fish was arrested at Mystic Flats, Broadway and 39th streets, where it is said that he has been concealed. He was not taken before n magistrate. and is still in the custody of the Deputy Marshal who made the arrest. The warrant was issued on the affidavit made yesterday before Commissioner Shields by Augustus Scriba, national bank examiner. He deposed that after a careful examination of the books of the bank he found that the president had misappropriated $1,141,000 belonging to the bank. This was done between March 1 and May 7,by a series of credits to the firm of Grant & Ward of invoices in sums of from $25,000 to $150,000, and they were entered on books of banks as loans to imaginary persons and secured by collaterals in stocks and bonds, none of which loans have ever been made, and the transactions were ficticious. The affidavits in conclution sets forth the following "Upon diverse days between March 1st, 1884, and April 18th. 1884. in pursuance of direction and authority of James D. Fish as president, all the sums so credited to the firm of Grant & Ward amounting to $375,000 were drawn out by said ffrm and paid to them on their written order. Between April 17th and May 6th, inclusive. James D. Fish, as president, caused to be paid out of the money belonging to the National Banking Association'to or upon the order of Grant & Ward and for the benefit of himself and said Ferdinand Ward, further sums in excess of all credits to said firm amounting to $766,402. at the time of the over drafts, he (James D. Fish) well knowing the firm of Grant & Ward were then unable to repay the sume so overdrawn and the firm being then indebted to the bank to the amount exceeding 81,634,000. The total indebtedness of this augumented being six times the capital stock of the banking association." Fish will be brought before Commissioner Shields tomorrow.

9. May 26, 1884 Evening Star Washington, DC
Article from Evening Star, May 26, 1884

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Bank Officers in Jail. THE RESULTS OF SPECULATION-PRECIDENT JOHN a ENO EVADES ARREST-SUSPENSION OF SIDE BANK, ETC. James D. Fish, the late president of the Marine bank, was arrested last night at the Mystic flats, where, it is said, he has been in concealment The warrant was based upon an amdavit of Bank Ex. aminer Scriba, who states that Fish misappropriated $1,141,000 of funds belonging to the bank, by to Grant & Ward. These amounts were on the bank's books as loans to imaginary and secured by imaginary collateral. Ferdinand Ward, in Ludlow street Jall, says that as HOOD as his nerves are composed be will prepare a public statement. Yesterday he was visited by his wife, his lawyer and his brother-in-law. A warrant was issued Saturday for the arrest of John C. Eno, the president of the Second National bank, on the complaint of the directors. thor. ough search of his house failed to and him, and he is believed to have fied. Adam Brahender, president of the defunct Erte county, Pa., savings bank, is now in Jail. He lost about $250,000 of the bank's money in oil and grain speculation. The run on the West Side bank, New York city caused by the defalcation of the paying teller of $96,000, mentioned in Saturday's STAR, resulted on Saturday afternoon in the suspension of the bank The officers state that they will have a surplus of $1,000,000 after paying all depositors, and they suspended only as a matter of precaution.

10. May 26, 1884 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, May 26, 1884

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# AFFAIRS IN NEW YORK. Warrants were issued in New York on Saturday by the U. S. authorities for the arrest of John C. Eno, late president of the Second National Bank, and James D. Fish, late president of the Marine National Bank. Two deputy marshals armed with the warrant for Mr. Eno visited his house in the afternoon, and after a parley with the servant succeeded in entering. The ladies of the household confronted them in the hall, and declared firmly that the deputies should not make the search, at the same time protesting that Mr. Eno was not in the house. They sent for a policeman to put the intruders out, but when that official arrived he declined to interfere. Various delays kept the marshal's officers in the parlor for an hour. Then they searched the house from bottom to top, but could find no trace of their man. It was rumored, among other things, that Mr. Eno left his house on Friday night under the very noses of the detectives, who saw him go without the least suspicion. It was said that during Friday evening two gentlemen and four ladies went out in a party, and that Mr. Eno was one of the ladies. Mr. Fish was arrested shortly after midnight upon a warrant issued by a United States Commissioner. He was not taken before a magistrate, and is in the custody of the deputy marshal who made the arrest. The warrant was issued upon an affidavit made by Augustus Scriba, the national bank examiner. He deposed, after a careful examination of the books of the Marine Bank, that President Fish had misappropriated funds belonging to the bank to the amount of $1,141,000. This was done between March 1 and May 6, 1884. Ferdinand Ward has improved in health since his incarceration. He attributes the change to the rest and quiet of the jail and his freedom from tormenting creditors. Mr. Ward authorized the announcement that neither he nor his brother would have any statement to make for three or four days, but at that time he would publish a statement. He said: "I can assure the public that my intention to bring to light every fact it is in relation to my business transactions, and when I do so it will be backed by evidence that can be proved beyond a doubt. But until I have fully prepared myself I had rather not speak." What is equivalent in some respects to a statement is contained in Ward's affidavit to the writ of Receiver Julian T. Davis against W. S. Warner, in which he says: "For a long time prior to its suspension said firm was insolvent, and known to me to be insolvent. During said period I carried on transactions with various persons for the purpose of obtaining money, in which, in substance, I represented or intimated that I or my said firm had opportunities to employ money and make large profits thereby in short periods of time in connection with government and city contracts, and mining and other speculations, by means of which I obtained from various persons loans or advances of money upon agreements that my said firm would repay the same with additional sums called profits at short periods of time, which so-called profits were usually percentages upon the amounts advanced, equivalent to interest at various excessive rates, varying with different persons from two to twenty per cent. a month." On these transactions, he says, Warner paid him about $6,000,000, and he paid Warner about $7,800,000, and when the firm suspended Warner held similar contracts purporting to show that the firm owed him more than $2,500,000. He says that a short time after the transactions began Warner received back the entire advances he had made in such transactions, and then began to leave his fictitious profits to be reinvested until he developed a large apparent indebtedness to himself. Then Mr. Ward says: "On several occasions I applied to Warner to accept two per cent. a month as profits, instead of twenty per cent. a month, but said Warner refused to do so, threatening to draw out the entire amount claimed to be due him unless further similar transactions were carried on on the basis of profits of twenty per cent. a month. Ward frankly admits that there were no contracts and that there were no methods of investment. He says that Warner never inquired what the contracts were or made any attempt to ascertain anything about them, and had his contracts drawn so as not to show the amount of profits paid. The West Side Bank, which was discovered on Friday to be the victim of Teller Hinckley's defalcation, suspended at 1.30 p. m. on Saturday. President Geo. Mason says they closed because the American Exchange refused to clear for them. He said further that they had plenty of money to stand the run all day, but he wanted to treat all the depositors fairly. The books are being inspected by two bank examiners. # THE CONFEDERATE HOME. Owing, doubtless, to the unusual heat for this season of the year and the inopportune selection of the evening, the mass meeting held

11. May 26, 1884 New-York Tribune New York, NY
Article from New-York Tribune, May 26, 1884

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MONEY AND BUSINESS. The remarkable statement published by the banks on Saturday, at a time when the stock market seemed to have commenced a vigorous recovery, caused uncertainty of feeling and irregular trading for the rest of the day. It was called 'inexplicable" by many, because the decrease in resources, $28,352,300, did not compare with the decrease in deposit liabilities, $20,625,400. But it is not difficult to perceive that the issue of about $8,000,000 loan certificates, not included anywhere in the cash reported, and the deduction of a corresponding amount of securities from the loan averages of the individual banks, might account for the discrepancy. In itself, the large decrease in cash held would not have caused much surprise. It had been known for some time that large amounts had been withdrawn from the banks, both by other banks in the interior and by savings banks and individual depositors, nor did such demands necessarily imply distrust, at a time when many institutions throughout the country were obliged to provide against the sudden assaults of unreasoning panic. The fact appears that, notwithstanding this natural drain and the great shrinkage in the credits of brokers and operators, the decrease in amount of deposits had been less than one-tenth since May 3, after allowance for the stoppage of the Marine Bank. Rightly considered, this shows a remarkable confidence in the soundness of the New-York banks. Exclusive of the Marine, the aggregates of that date and of last Saturday compare thus: Difference. May 24 May 3. $813,178,000 $24,241,500 $337,419,500 Loans 31.386,300 296,575,300 327,961,600 Deposits 45,510,000 9,438,100 54,948.100 Specie, 22,026,700 5,835,100 27,861,800 Legal Tenders $67,536,700 $16,273,200 $82,809,900 Reserve Considering how serious has been thedisturbance through which the banks have now passed, and how they are now united for mutual defence, it is doubtful whether it would not have been wiser to publish the usual detailed statement on Saturday. Withholding information might easily cause more apprehension than a full statement under such circumstances. It appears that, not including the loan certificates in any form, the relation of reserve to liabilities is quite as favorable as it was in March of last year, and that the reserve held is actually larger than at that time, or in April, 1880. Nor does it appear that the banks have caused trouble by undue contraction of loans. Assuming that about $8,000,000 of collaterals have been used for loan certificates, the contraction of loans does not appear to have been more than tive per cent in three weeksa rate which hardly justifies current reports that the banks have been forcing sales of collaterals in vast amount. It would be much more just criticism to say that the banks might have avoided a great part of the difficulty, had they refused last year or last winter to lend so largely as they did in support of speculative operations. The closing of the West Side Bank on Saturday does not appear to have had any other cause than the misconduct of the runaway official, and there is much reason to suppose that the associated banks were stronger at the close of the week than their averages indicated. It appears from Treasury statements that

12. May 27, 1884 Savannah Morning News Savannah, GA
Article from Savannah Morning News, May 27, 1884

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Weed Out the Crooked Ones. The prosecution of John C. Eno, late President of the Second National Bank of New York, and James D. Fish, late President of the Marine Bank of that city, should not be half-hearted. If these men are guilty of the charges brought against them they ought to be shown no more consideration than is shown a bank burgler or a common bank thief. In fact they ought to be punished more severely than a common criminal, because they were entrusted with the money with which they are charged with appropriating to their own use. Their flight justifies the conclusion that they are guilty, and there are few people, perhaps, who are acquainted with the histories of the broken banks who have any doubt that the offenses with which they are charged can be easily proven. One of them was caught yesterday, and it is hardly probable the other can elude the officers long. Mr. Fish doubtless has saved hundreds of thousands of dollars of his ill-gotten wealth and Mr. Eno's father is reported to be worth millions. With plenty of money to aid them it will be a difficult matter to make them suffer the penalty for their offenses. The law against offenses such as they are charged with having committed is very severe. The punishment is not less than five years in the penitentiary. It is the duty of the honest men of Wall street, and there are, doubtless, some honest men there, to frown down all attempts to arouse sympany with Eno and Fish. If they are allowed to go free it will not be surprising if embezzlements and defalcations among bank officials become much more frequent. The excitement growing out of the acts of Fish and Eno had scarcely subsided when the suspension of the West Side Bank occurred. The bald-head teller had run off with $97,000 of the bank's funds. Men like Ward, Fish, Eno and Hinckley must be got of, and the way to get rid of them is to enforce the law against them. To show leniency to the wrongdoers is to encourage others to enter the paths of crookedness.

13. May 28, 1884 The Daily Enterprise Livingston, MT
Article from The Daily Enterprise, May 28, 1884

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THE LATEST NEWS. Northern Pacific preferred, on Monday, 424 and rising. Reid & Smith, merchants of New York, have assigned. Strong's bank at Green Bay, Wis., closed its doors this morning. No particulars. At Havana, Cuba, there were thirteen deaths from yellow fever during last week. The Chinese government will exhibit a silk house in operation at the New Orleans exposition. At Belle Plain, Ia., Samuel Dunlap shot his wife SO she will die and then cut his own throat. Motive unknown. The strike among the cotton mill operators at Fall River, Mass., is ended. Most of them accepted the reduced wages. The West Side bank of New York will shortly resume business. Nothing is known of the whereabouts of Hinckley, the defaulting teller. At Oak Creek, Wis., Horace Baldwin's dead body was much too long for the coffin and his relatives sawed his feet off to make a fit. James D. Fish, ex-president of the insolvent Marine bank of New York, who was arrested, was admitted to $30,000 bail, which he furnished. A distinguished party left Washington on Monday for Annapolis. It included the president of the senate, speaker of the house, members of the senate and house committees on naval affairs and appropriations, Admiral Porter, General Sheridan. ministers of England, Russia. Germany and France, and the Maryland congressman.

14. May 28, 1884 New-York Tribune New York, NY
Article from New-York Tribune, May 28, 1884

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The suspension of the bank should not be considered as a reflection upon its solvency. Such action was taken as a precautionary measure, and was fully testified by the refusal of its clearing house agent to clear for it. The bank will be ready to transact business so soon as arrangements are made with another bank to represent it in the Clearing House. It may be added that generally speaking the West Side Bank has been unusually well managed and that all losses from discounted paper since August 2, 1869, the time of its incorporation, to the date of its closing, do not exceed $10,500. The bank expects to resume business on Thursday next.

15. May 29, 1884 Plateau Gazette and East Tennessee News Rugby, TN
Article from Plateau Gazette and East Tennessee News, May 29, 1884

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C. A. Hinckley, the teller at the West Side Bank, New York, who lelt his post with $90,000, occasioned a run on the Bank, and its subsequent suspension.

16. May 29, 1884 Weekly Phoenix Herald Phoenix, AZ
Article from Weekly Phoenix Herald, May 29, 1884

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FIRST MESSAGE. ROCKPORT. Mass., May 28-The first message by the commercial cable was received at Rockport yesterday afternoon. AN ARKANSAS BANK CLOSED. HOT SPRINGS, Ark., May 28-The Hot Springs National Bank closed its doors yesterday, owing to a run on the reported absence of the President, Andrew Brown. Liabilities, $40,000. A run has commenced on the Arkansas National Bank, at Hot Springs, which is understood to be in good condition. Great excitement.. WILL RESUME. NEW YORK, May 27.-The West Side bank claims that it will shortly resume. Nothing is known of the whereabouts of the defaulting teller, Hinckley,

17. May 31, 1884 The Bee Washington, DC
Article from The Bee, May 31, 1884

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NEWS OF THE WEEK. Eastern and Middle States. Ex-Judge WELCOME R. BEEBE, seventy years of age, the oldest practitioner in the United States district and circuit courts, was struck by a locomotive near Plainfield, N. J., and crushed to death. FERDINAND WARD was taken to Ludlow Street jail, New York, and installed in the quarters once occupied by William M. Tweed. FIVE new bishops were consecrated at the Philadelphia. Methodist Episcopal General conference, in CHARLES A. HINCKLEY, paying teller of the West Side bank, of New York, disappeared from his desk and home. Investigation by the bank officers showed that there was good reason for Hinckley's disappear ance, as he had stolen $85,000 of the institution's funds. By a collision between two trains at a cross ing near Rochester, N. Y., seven sleeping cars were thrown from the track, and twenty per. sons were injured, including Prince Yama shina, a Japanese youth of sixteen on his way to study in England, and eleven of his suite. THE trustees of the LeMoyne crematory. at Washington, Penn., have decided that after August 1 the use of the crematory will be limited to residents of Washington county. UNABLE to stand the run upon it resulting from its paying teller's defalcation of $85,000, the West Side bank, of New York, closed its doors. This made the third bank that had failed in New York within a fortnight. THOMAS P. GRINNELL, a New York million. aire, shot himself to death at his residence at midnight after returning home from his club. Two express trains collided at Savannah, N. Y., with a terrific crash. Four men were killed and six others injured, one or two with probably fatal result. A WARRANT was issued by the United States commissioner in New York for the arrest of John C. Eno, the former president of the Second National bank, on the charge of misapplying to his own use $2,120,000 of the institution's money. James D. Fish, late president of the suspended Marine National bank, and special partner of Grant & Ward, was also arrested, charged with misappropriating $1,400,000 of the institution's funds. IGNITION of the oil stored in one of the largest tanks belonging to the Atlantic Oil Refining company at Philadelphia resulted in a disastrous conflagration. Thirty large tanks filled with oil caught fire, and an estimated damage of $400,000 was inflicted. ADAM BRABENDER, the defaulting president of the Erie (Penn.) Erie County Savings bank, was removed from his residence to the county Jail for the purpose of protecting him from violence at the hands of an indignant crowd. HENRY WARD, a resident of Philadelphia, was knocked down, jumped upon and bitten to death by a large hog that he owned. JOHN CARPENTER, an ex-convict of New York, stabbed and killed his wife, who had obtained a divorce from him, then dangerously stabbed her sister, and wound up his bloody work by inflicting serious wounds upon himself. Six years ago he stabbed a woman in church, mistaking her for his wife, and for that crime had only recently come from prison. THREE boys, aged respectively seventeen, twelve and eleven years, were drowned by the upsetting of a raft which they were propelling on Beaver river, at Croghan, N. Y.

18. June 1, 1884 Eureka Daily Sentinel Eureka, NV
Article from Eureka Daily Sentinel, June 1, 1884

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The Delegates to the Chicago Convention Arriving. THE CALIFORNIA AND NEVADA DELEGATIONS GET A FINE RECEPTION. New Yorkers Advancing the Interests of Mr. Arthur. A WASHINGTON BANK MAKES AN ASSIGNMENT. Howard, the Bank Robber, Arrested at Waukesha, Wis. [SPECIAL TO THE SENTINEL.| The Rush to Chicago. CHICAGO, May 31. - The weather is steadily growing warmer, and the political atmosphere, apparently in sympathy, is becoming more heated. This morning witnessed the arrival of & large contingent of delegates, mainly from the Southern States, who came in in independent detachments, and representing irregularly all portions of the South. There were & number of arrivals from Iowa, and practically the entire delegation from that State is now in the city. Two Blaine delegates came in from the Eighteenth Ohio District, and they were accompanied by somewhat over 100 vistors. They marched to their hotel from the depot in & solid body. The event of the morning was the arrival of the California and Nevada delegations, whose transit easiward has already been very widely heralded. They were met at the depot by & delegation of citizens, and preceded by martial music. They marched to their quarters at the Palmer House, the ladies and gentlemen of the party alike taking part in the procession, until their arrival in the hotel lobby, where dense crowds had collected. The delegations gave three cheers for the gentleman from Maine and separated. The rooms set apart for the reception of the delegation of business men from New York by the business men of this city in advancing the candidacy of Mr. Arthur are being rapidly decorated in anticipation of the arrival of the party from the East at 3 o'clock this afternoon. At the Grand Pacific Hotel, the managers in charge of the movement in the interest of Senator Logan have thrown open two large parlors on the first floor in place of more contracted quarters heretofore occupied by them. It is estimated that about 300 delegates are now in the city. The National Committee will begin its session at noon to-day. The National Republican Committee held & session, beginning to-day, all the States and Territories being represented, with the exception of Louisiana, Florida. South Carolina and Utah. No business was transacted beyond arranging for the distribution of tickets of admission to the convention, and appointing I. M. Beau of Wisconsin and James Stone of Michigan reading clerks. Adjourned to 7P. M. The special train furnished for the Washington correspondents attending the Chicago Convention by the Baltimore & Ohio Railroad reached Chicago at 8 this morning. Their. actual running time between Washington and Chicago, 850 miles, was 21 hours. Caught in an fee Nip. Sr. JOHNS, N. F., May 31.-The Newfoundland sealing brig Confederate, Capt. Thomas Green of Harbor Grace, with & crew of 79, was caught in a formidable ice nip in Notre Dame bay on April 28, and thrown completely on an ice floe. The ship lies on her side, with her yard arms on the 100. On the 20th of May five of the crew volunteered to travel to land, distant nearly 20 miles, and report the situation. They arrived last evening, and report all the provisions exhausted except the bread, and the last pound of fuel was exhausted. There is & frozen ocean of ice all around, and as the ship is thus beset, is now drifting out to sea. There is danger of the whole crew being starved to death. A powerful sealing steamship will be at once dispatched to their rescue. New York intelligence. NEW YORK, May 31.-The West Side Bank to-day resumed. President Arthur had a few callers this morning. He leaves for Washington this afternoon. The Japanese Prince, Yumanhina, and suite sailed for Europe to-day. The Chief of Police received a dispatch to-day from the police at Quebec, saying that John C. Eno, the absconding exPresident of the Second National Bank, was arrested and sent to this city. What Rossa and Joyce Say. NEW YORK, May 31.-Rossa says: We have got England at last. It will not be long before she will be on her knees. Last

19. June 2, 1884 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, June 2, 1884

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SATURDAY'S NEWS. [CONDENSED FROM SPECIAL DISPATCHES.] Domestic. The West Side Bank in New York has resumed. The Japanese Prince Yumanchina and suite sailed for Europe Saturday. Harvey D. Parker, proprietor of the Park House, Boston, died Saturday morning, aged 79. The New York banks' statement shows the banks are $1,977,625 below the legal requirements. An attempt was made Friday night at Columbus, Ga., to assassinate Governor James N. Smith. At Batesville, Miss., H. W. Thater, editor of the Blade, killed Julius Porter, a lawyer, in self-defense. The Kinney County, (Tex.) jail was burned Saturday night, and a prisoner perished in the flames. The failures reported for the past seven days in the United States and Canada were 177, a decrease of 55. Slosson defeated Schaeffer in a match game of billiards at Chicago Saturday night; $500 a side, 800 points. Eleven cowboys were drowned and a cattle camp was destroyed by a cloud burst near the Nebraska and Colorado line. President Riddle and Cashier Reiber of the suspended Pennsylvania Bank at Pittsburg, have been arrested on charges of conspiracy to defraud the bank. Members of the Siamese Embassy, after viewing the parade in New York Friday, started at 6 P. M. Saturday for San Francisco. They will stop at various places, including Salt Lake City. D. C. O. Howard, charged with robbing the Bank of Monmouth, Illinois, of $150,000, was arrested at Waukesha, Wisconsin, Saturday, on a telegram from the Monmouth authorities. He confesses his identity, but is reticent regarding the crime. The following notice was posted Saturday morning upon the doors of the banking house of D. W. Middleton & Co., No. 1427 Second street, Washington : "Owing to heavy and immediate demands, we have assigned to George T. Green for the benefit of our creditors." The doors of the bank were not closed, and a number of excited persons soon gathered inside, talking over the suspension.

20. June 5, 1884 The Bolivar Bulletin Bolivar, TN
Article from The Bolivar Bulletin, June 5, 1884

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MISCELLAN EOUS. POPULAR subscriptions have been called for in London to send a British battery to compete at the Quebec artillery contests. IT has been decided by the Methodist Episcopal Conference at Philadelphia to increase the number of General Conference districts from twelve to thirteen. ENGLAND is said to have agreed to evacuate Egypt within three years, and to allow an international board to rule. GREAT excitement has been caused at Oak Creek, Wis., over the fact that a man sawed off the legs of his dead uncle because he was too long to fit a coffin. THE State Department has decided that the Chinese restriction act will not apply to prevent Chinamen from making an exhibit at the New Orleans Exposition. IN Norwalk, Conn., a newspaper published a report that there was a run on a local bank, and by the time an explanation could be made that it was all a joke (a sand bank being meant) the run had taken place and the bank was nearly out of currency. IN Detroit, Mich., at the closing meeting of the Foreign Missionary Society, it was voted to begin work in the Congo region with an expenditure of $30,000 per annum. ON the 27th delegates from the Peace Union called on President Arthur. THERE was a decrease of $2,000,000 bushels reported in the visible supply of wheat on the 27th. THE corporation of Limerick. Ireland, refuses to pay money demanded for extra police. THE British House of Lords has adjourned until June 9: the House of Commons until the 5th. ON the 27th the first message over the Bennett cable was received at Rockport, Mass. ON the 27th David Stone, the brutal child-murderer of Michigan, was sent to the Penitentiary for life. AT Augusta, Ga., the cotton mills are cutting wages and time work on account of depression in trade. THE American Congregational Association began its thirty-first annual session in Boston on the 27th. AT the National horse show, in progress at New York, one fine animal owned by U. S. Grant, Jr., took a second prize. THE surplus of the West Side Bank of New York over and above liabilities is found to be $63,699, and the bank will resume. THE strike of the spinners at Fall River, Mass., is over, and the strikers are returning to work, after having lost sixteen weeks' wages. FROM all parts of the United States crop reports indicate the largest apple yield ever known; peaches, half a crop; and a large crop of small fruits. ADVICES from San Autonio, Tex., are to the effect that the floods along the Brazos have caused great loss of stock and damage to cotton lands. RECENT hurricanes in Spain have destroyed many vineyards, rains have inundated towns and the people have been compelled to take refuge on the tops of houses. Relief boats have been sent out from Madrid. THE Pittsburgh (Pa.) stove manufacturers have notified employes of a reduction of fifteen per cent. in wages. A strike will probably ensue,

21. June 19, 1884 The Sun Morris, MN
Article from The Sun, June 19, 1884

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How are the Mighty Fallen? New York Letter. The calamities connected with the recent panic culminated in the suicide of Thomas Grinnell. He was in a good financial condition, but was the victim of fear and anxiety to a degree that drove him mad. No one out-side of Wall street can form any idea of the intensity of the excitement at such a time. The deceased was a brother of George B. Grinnell (also a leading stock operator), and the tragedy throws a shadow over a wide circle of the highest class of societv. Other fatal consequences may be expected, and indeed it is expected that the Ward & Grant collapse will kill Gen. Grant. He is much shattered and has really suffered more than he did during the whole war. The friends of James D. Fish also say that this will be the death of him. A few days ago he considered himself worth a million and a half and was president of a bank whose stock was in demand at 167. Now the bank is ruined and he has been arrested and is under bail. Considering his time of life, it would not be surprising if these misfortunes proved fatal. George I. Seney, being younger, has a better chance of surviving. but he too is a ruined man. and has ruined one bank (the Atlantic) and has almost ruined another (the Metropolitan), besides the injury inflicted on the West Side bank. As one views the array of prostrate magnates one cannot but exclaim: "How are the mighty fallen?"

22. June 20, 1884 Boletín Mercantil De Puerto Rico San Juan, PR
Article from Boletín Mercantil De Puerto Rico, June 20, 1884

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peculio $3.500,000 y los directores del Banco $500,000 para cubrir el déficit y permitir que el establecimiento continuase sus operaciones. En virtud de los informes presentados por el examinador oficial de Bancos, Mr. Scriba, el Comisario de los Estados-Unidos expidió órdenes de prisión contra Eno y Fish por malversación de fondos de Bancos nacionales; al primero no se lo encontró en su magnífica residencia de Park Avenue, que fué registrada por los alguaciles desde el sótano hasta el último piso, á pesar de las protestas de la atribulada esposa del fugitivo, á quien suponen algunós en el Canadá. En cuanto al ex-presidente del Marine Bank, Mr. Fish, fué preso en sus habitaciones de Broadway y calle 39. Según el informe de Mr. Scriba, la malversación de fon los de que se acusa á Mr. Fish se eleva à $1.141,000. A los gravísimos escándalos de estos dias hay que agregar la suspensión de otro establecimiento de crédito, el West Side Bank, cuyo empleado Hinckley le robó hace algunos dias $97,000 de los cuales solo $10,000 de la fianza prestada por aquél ha podido recobrar hasta ahora el Banco. Créese que éste podrá reabrir en breve sus puertas: Hinckley no ha sido preso y se ignora si ha salido de la ciudad. Mr. Ferdinand Ward, el joven financista retirado forzosamente del muudo de los negocios en que tan enormes desastres ha causado, signe en la cárcel de Ladlow, y entretiene sns ocios en escribir una historia de sn portentosa carrera en Wall Street. "El Napoleon de los especuladores" dice may fresco á quien quiere oirle que la publicación de su antobiografía hará aumentar de un modo muy notable las listas de pasajeros qne saldrán para Europa á tomar aires. Un periódico aconseja "á cuantos, conociendo el estado de los negocios de Ward, le obligaban á declarar dividendos y repartir ganancias imaginarias," que emprendan el viaje antes de que se imprima la nueva obra le Mr. Ward. I Buena está la situación financiera, y buenas cosas se preparau!"