West Side Savings Bank (New York, NY)

Episode Information

Episode UID
1019371013
Episode Type
Run → Suspension → Unsure
Bank Type
savings
Bank ID
101937 routing
Routing Number
1-0193
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
2081f9345c99fa60

Response Measures

None

Description

Newspapers report intent to resume but no clear confirmation of reopening in these articles.

Events (2)
1. May 24, 1884 Run
Cause
Bank Specific Adverse Info
Cause Details
Embezzlement/defalcation by paying teller Hinckley (reported $60,000–$96,000), prompting depositors to withdraw funds.
Measures
Depositors withdrew funds; officers promised a statement and examiners were called to inspect the books.
Newspaper Excerpt
There was a small run on the West Side Savings bank this afternoon, growing out of the $96,000 defalcation of Hinckley, its paying teller.
Source
newspapers
2. May 24, 1884 Suspension
Cause
Correspondent
Cause Details
Suspension followed after the American Exchange Bank refused to clear for the West Side Savings Bank; bank posted notice of suspension and examiners inspected books.
Newspaper Excerpt
The Westside Bank suspended this afternoon... the American Exchange Bank refused to clear for them any longer.
Source
newspapers

Newspaper Articles (11)
1. May 24, 1884 Evening Star Washington, DC
Article from Evening Star, May 24, 1884

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TO-DAY IN WALL STREET. Decline in Prices of Certain Stocks Accounted for. NEW YORK, May Wall street, 10 a.m.-The decline in the coal stocks yesterday is generally tributed to sales of long stock, the holdings of a prominent merchant, and the closing out of a loan for a house which suspended some time since. The decline in Chicago, Burlington and Quincy is reported to be due to Boston selling for the account of insiders. The rumor that Reading would be forced into the hands of a receiver finally in June 1s again current. The larger bear operators are reported to have bought in a large amount of Reading to cover short contracts, being satisfied with their profits American Securities in England. Keirnan's London financial dispatch says the market for American securities continues to sag. and at the close showed a decline of from 1/6 to per cent from the opening prices. The official announcement of the default on interest on Erie 2ds. and weakness in coal shares and grangers in New York, have been fully cabled here, with the result of forcing upon the market quantities of active stocks. The continuous bank irregularities in New York are having a very baneful effect. The Stock Market Opened Weak and Depressed. NEW YORK, May 24 Wall Street, 11 a.m.-The share market opened weak and depressed to-day. Lackawanna declined 2% to 95, New Jersey Central 2 to 4916 Delaware and Hudson 91, Reading to 24 % Northern Pacific preferred 25 041, New York Central 23 to ,Quincy 24 to 108% Northwest 1 to 95. Rock Island 1% to 111, and Missouri Pacific 1 1/2 to 64 1/6. Subsequently prices rallied 1/4 to per cent, and Missouri Pacific rose 3% to 67 1/2 The market at 11 o'clock was firm. Condition of the Banks. The weekly statement of the associated banks, issued from the clearing-house to-day, shows the following changes:-Loans, decrease, $13,461,800; specte, decrease, $10,804,100; legal tenders. decrease, $4,086,400; deposits, decrease, $20,625,400 circula tion, increase. $126,600; reser decrease, $9,734,150. The banks are now $6,609,125 below the legal requirements. The Strongest Stock Market of the Week. NOON. The stock market during the past hour has been stronger than for any time during the past week. Some shares are in fair demand, especially Pacific Mail, Western Union, Union Pacific and Kansas and Texas All the leading shares command a premium for use new Railway bonds irregular. Erie seconds dropped to 55 and rallied to 55% New Jersey Central consols and convertibles broke to 100. Run on the West Side Savings Bank. There was a small run on the West Side Savings bank this afternoon, growing out of the $96,000.de falcation of Hinckley its paying teller. The bank did not open until the usual hour this morning when the crowd of depositors flocked in and drew a portion of their money. The officers of the bank refused to say anything of the defalcation. but promised a statement later in the day. One of the clerks said that Hinckley had not been heard of yet, and that the amount of the deficit was not over $96,000. The bank. he said. did not anticipate much of a run, as It had a surplus on hand or many thousands Expressions of regret were heard on every side regarding Mr. Hinckley, and it was hinted that he was not alone in the business The Penn Bank Open To-day. PITTSBURG, PA.. May 24.-The Penn bank is open and doing an active business, with a steady gain in deposits and no rush to secure funds. The stock sold to-day at several points above par. VALUABLE PROPERTY BURNED. Great Fire at the Atlantic Oil Works. A LOSS OF $200,000 AND THE FLAMES STILL RAGING THIS MORNING. PHILADELPHIA, May 24, 9:30 a.m -The fire at the Atlantic Oil Works, which broke out about 10:30 last night, spread during the night, and at 5:30 this morning two additional alarms were sent to the fire department. The flames are still sweeping over the works. About a dozen storage tanks have burst, and considerable burning oil escaped. Efforts are being made to run off the remainder in the tanks. The paraffine works, consisting of several brick buildings, have been destroyed They were located to the north of the refinery It is im possible at this time to estimate the exact extent of the loss, but it is over $200,000. The last great fire at the Atlantic Refining Co.'s works occurred five years ago. ALL OF THE OIL PROPERTY AT POINT BREEZE IN PERIL Later.-All the oil property at Point Breeze is considered in peril. Application has been made by Wm. L. Elkins, proprietor of the Belmont oil works, which are located between the Atlantic company's property and the Point Breeze gas works, to the chief of police to put the tug Stokley in service, so as to aid the fire department from the river front. This was done. Mr. Elkins has also made application to Gen. Hartranft. commander of this division of the state militia, to send a detail of the Key. stone battery to blow up the tanks of the Belmont works, and thus save property and prevent the fire from spreading to the gas works. FIVE ACRES -ESTIMATED LOSS $600.000 At noon 14 tanks of oil were ablaze, and several more were in great danger. The flames now spread over an area of five acres, and will very likely continuetoburn for some days. the same time the fire is considered under control; that is, the firemen feelconfident that they keep Itconfined the oil now burning. was however, said at 4 o'clock this morning and since then several explosions have taken place, and change in the wind may spread the flames to some inexpected quarter. It is now said that the loss will reach $600,000. Forest Fire on Long Island, NORTHPORT. L I.. May 24. The woods lying southeast of this village caught fire this morning from burning brush. and the names are rapidly extending. Unless rain should soon fall several miles of woodland will be destroyed. No danger to buildings or other property is anticipated, as the immediate vicinity of the woods is but thinly settled. A Fire in Toronto. TORONTO, ONT., May 4.-The Mail building, one of the handsomest edifices in the city, was partially destroyed by fire this morning. The southern wing is almost a ruin: the northern wing will probably be saved The fire is said to have originated in the press room. Other Fires This Morning. HANCOCK, N. Y., May 24.-The Bals Eddy chemical works, three miles west of this place were set on fire by the explosion of a lantern at 3 o'clock this morning and burned to the ground. Loss, $10,000. PLAINFIELD, N. J. May 24.-J. G. Cadmus' livery stable was burned this morning with thirteen horses, six buggies, a large stage and a number of sleighs. Loss, $15,000. The Iron Manufacturers' Court. PITTSBURG, PA.. May 24. In the common pleas court to-day. Judge Stowe granted the iron manufactures license for the creation of a voluntary tribunal to adjust disputes between employers and employed in the iron rolling mill trade, conditioned upon the assent and agreement necessary by the number employed. A Baltimore Forger Caught. NEW YORK, May 24.-Angus V. Lydecker, allas Geo. Kline, was arraigned in court to-day on a charge of having forged the name of Wayler

2. May 25, 1884 Savannah Morning News Savannah, GA
Article from Savannah Morning News, May 25, 1884

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THE WESTSIDE BANK CLOSES. Paying Teller Hinckley's Embezzlement the Cause of the Trouble. NEW YORK, May 24.-There was a small run on the West Side Savings Bank this afternoon growing out of the $96,000 defalcation of Mr. Hinckley, its Paying Teller. The bank did not open until the usual hour this morning, when a crowd of depositors flocked in and drew their money. Many of these depositors only drew a portion of their money. The officers of the bank refused to say anything of the defalcation, but promised a statement later in the day. THE BANK SUSPENDS. NEW YORK, May 24, 10 P. M.-The West Side Bank suspended this afternoon. It was not a member of the clearing house, and the American Exchange Bank refused to clear for them any longer. NEW YORK, May 24, 11 P. M.-This morning Cashier Dobler refused to speak of the Westside Bank or its affairs until late in the afternoon. At 1:30 o'clock the bank suspended and Dobler's silence was explained. President George Moore says that they closed because the American Exchange refused to clear for them. He said further, that they had plenty of money to stand a run all day, but he wanted to treat all depositors fairly. The the books are being inspected by two bank examiners. The President says that they will have their statement ready shortly. This bank paid no interest. The directors and officers of the bank were in the building all day, but refused to talk about the suspension. All kinds of rumors were about in regard to Hinckley's defalcation. One was that Hinckley did not content himself with $96,000, the sum alleged to have been taken, but that he took what he could, which was a much larger sum than that figure. Hinckley has not been heard from yet. President Moore said that he was sure that after the books had been thoroughly examined no greater amount than $96,000 would be found missing, and that a resumption of business will take place shortly. On the closed doors was posted the following notice: "With the deepest sorrow we have to announce the suspension of this bank. A statement will be prepared at once. Depositors will be paid in full, and we hope to resume again and merit a continuance of your past favors."

3. May 25, 1884 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, May 25, 1884

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The New York Banks. NEW YORK, May 24.-S. J. Drake has declined the nomination for president of the Stock Exchange. The Clearinghouse has isened the following: "The issue of loan certificates by the Clearinghouse Association has so changed the relations of the banks to each other that the publication of a statement in detail would give an incorrect impression as to the actual condition of the banks. "F. D. TAPPAN. Chairman." There was a small run on the West Side Savings Bank this afternoon, growing out of the $60,000 defalcation of Hinckley, the saving teller. A crowd of depositors flocked in and drew their money. Many drew only a portion. The bank refused to say anything of the defalcation bnt promised a statement later. Hinckley has not been heard of yet. The bank does not anticipate much of a ran, and has a surplus of many thousands.

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

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A Small Run. I By telegraph to the Dispatch. NEW YORK, May 24.-There was a small run on the West Side Savings Bank this afternoon, growing out of the $96,000 defalcation of Hinckley, its paying-teller. The bank did not open until the usual hour this morning, when a crowd of depositors flocked in ano drew their money. Many of these depositors only drew a portion of their money. The officers of the bank refused to say anything of the defalcation. but promised a statement later in the day.

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

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The Suicide's Antecedents-A Small Run. New YORK, May 24.-Thomas P. Grin" nell, the merchant who suicided last night, was a son of Judge Grinnell, of Massachu setts. A small run was made on the West Side Savings bank this evening, growing out of the $60,000 detalcation of Hinckley, the paying teller.

6. May 25, 1884 Fort Worth Daily Gazette Fort Worth, TX
Article from Fort Worth Daily Gazette, May 25, 1884

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RUN ON A BANK, NEW York, May 24.-There was a small run on the West Bide Savings bank this afternoon, growing out of $60,000 defalcation of Hinckley, the paying-teller.

7. May 26, 1884 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, May 26, 1884

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THE NEW YORK FAILURES. Brief Items Connected with the Recent Panic-Run on a Savings Bank. NEW YORK, May 24.-S. J. Drake declines the nomination of president of the Stock Exchange. The clearing-house has issued the following: The issue of loan certificates by the Clearing-house Association has SO changed the relation of banks to each other that the publication of the statement in detail would give an incorrect impression as to the actual condition of the banks. F. D. TAPPAN, Chairman. The chancellor has directed the receiver of the Newark Savings Institution to pay a dividend of 50 per cent. to the depositors on July 1. There was a small run on the West-side Savings Bank this afternoon, growing out of the $96,000 defalcation of Hinckley, the paying teller. A crowd 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 a statement later. Hinckley has not been heard of as yet. The bank does not anticipate much of a run. It has a surplus of many thousands. It is reported that the Union Bank, of Uhrichsville, O., has suspended. None of the suspended Wall-street firms have yet completed statements of their condition. The creditors of H. C Hardy & Sons have appointed a committee to suggest plans for a settlement. No failures are reported at the Stock Exchange. The affairs of the late Elias J. Beach, of Glen Cove. L. I., have been settled by the surrogate. The claimants will receive about 4 cents on the dollar. The Supreme Court has granted an attachment against the property of Charles Gordon Hutton in an action begun by August Belmont to recover $14,000 on promissory notes. The attachment was granted on account of the non-residence of Hutton. In a suit begun in the Supreme Court by the Fourth National Bank, of this city, against the Pennsylvania Bank, to recover $1,000, an attachment was granted against the property of the Pennsylvania Bank in this city. Thomas J. Crombie. lumber, Ninety-second street and East River, has made an assignment. Preferred claims, $16,000.

8. May 26, 1884 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, May 26, 1884

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Financial Matters. NEW YORK, May 26. -The clearing-house has issued the following: "The issue of loan certificates by the clearing-house association has so changed the relations of the banks to each other that the publication of the statement in detail, would give an incorrect impression as to the actual condition of the banks. There was a small run on the West Side Savings bank in the afternoon, growing out the $96,000 defalcation of Hinckley, the paying teller. A crowd 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 a statement soon. Hinckley has not been heard yet. The bank did not anticipate much of a run. It has 8 surplus of many thousands. NEWARK, N. J., May 26 -Tne chancellor has directed the receiver of the Newark Savings institution to pay a dividend of 50 per cent. to depositors July 1.

9. May 29, 1884 The Emporia Weekly News Emporia, KS
Article from The Emporia Weekly News, May 29, 1884

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Only Stole $96,000, NEW YORK, May 24.-Thos. P. Grianell, a merchant. suicided last night. He was the son of Judge Grinnell of Massachusetts. A small run on the West Side Savings bank was made this afternoon growing out of the $96,000 defalcation of Hinckley the paying teller. A crowd of depositors flocked in and drew out their money. Many only drew a portion. The officers of the bank refused to say anything of the defalcation, but promised a statement later. Hinckley has not been heard of yet. The bank does not anticipate much of a run. It has a surplus of many thousands.

10. June 5, 1884 McCook Weekly Tribune McCook, NE
Article from McCook Weekly Tribune, June 5, 1884

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Arrangements All Perfected for the Great Political Convention This Week. Collapse of a Large Cotton Warehouse at Baltimore With Fatal Results. New Passenger Rates Adopted by the Transcontinental Association at Their Meeting in Chicago. NEWS NOTES. Father Boniface of Boston, has sued the Boston Herald for $100,000 damages, because of the publication of certain alleged crooked transactions in money matters. The house committee on ways and means will not consider Hewitt's tariff proposition. A small run was made on the West Side savings bank in New York, growing out of the $96,000 defalcation of Hinckley, the paying teller. Benj. Johnson, who, with Allen Ingalls, was indicted for the murder of the Taylor family at Avondale, Ohio, was found guilty of murder in the first degree. The jury was out one hour. This was the case where the bodies were delivered on the evening of the killing to the Ohio medical college, and $15 apiece was paid for them to Ingalls and Johnson. Ingalls hung himself in the jail a short time ago. The Boston Advertiser prints an interview with Charles Francis Adams, who examined the condition of the Union Pacific railroad. Mr Adams says a lessening of expenses will be made. He says during the remainder of the year the earnings of the road would show favorable comparison with those of last year. The passenger traffic is quite good. William Marshall, ordnance sergeant United States army, died at Mackinaw, Michigan, May 16. He was, without doubt, the oldest enlisted man in the army of the United States. He entered the service by enlisting in company A. Fifth United infantry, August 12, 1823. Peter Mominee, a blind and decrepit soldier of Vincennes, Ind., received $9, 259 arreas of pensions the other day, the largest pension ever given to any one man in southern Indiana. A Miles City (Montana) special says: Jack Morris, the cowboy, who shot Iron Heart, the Cheyenne chief, has surrendered. He claims it was done in selfdefense. The Indians threaten to take the war path. Women and children are coming from the ranches in great alarm. John Lawrence, Farragut's pilot at the battle of Mobile Bay, died in the poorhouse near thatcity on the 26th after months of suffering. Reports from one thousand correspondents from all parts of the United States in regard to the fruit crop, say the apple crop is the largest ever known. There will be only half a crop of peaches and pears. The prospect for a very large crop of small fruits is very good. A one day's sale at the Iowa Butter and Cheese exchange, in session at Des Moines, 30,000 pounds of creamery butter was sold ranging from 17 to 18½ cents, mostly going to eastern markets. David Stone, the half- witted uncle of a little girl 6 years of age (Lulu Dycke), who was arrested in Michigan last week on suspicion of having outraged and murdered her, made a confession of the terrible crime. He was taken into court, without public knowledge, and sentenced to state prison for life. The United States commissioner at New York holds for trial, on their own recognizance, Thomas W. Evans, Cornelius F. Simpson and John B. Dickson, bank officers, for violation of the law to prevent certification of checks for a greater amount than is deposited at the time. The bank claimed that the checks were "accepted,' not certified. Severe frosts are reported on the night of the 28th in portions of Illinois, Wisconsin, Iowa and Michigan, doing great damage to the growing crops. Fruit suffered severely, grapes and strawberries in some places being almost totally ruined. Col. J. O. P. Burnside, disbursing clerk in the postoffice department, has been removed on charge of having embezzled $45,000. There is a warrant out for his arrest. He speculated with Levis, the missing oil broker. Amelia Schrick, a little girl, while picking wild flowers in Woodland cemetery at Newark, was met by Andrew Broski, who asked her how she would like to go to Heaven, and then he said. pointing to two newly made graves. "Here is hole one for you and one for me. Hethen fired a pistol at the ehild, which missed her. He was overpowered by workmen. Col. Fred Grant sold his family team, carriages and harness a few days ago for $1,200, and dismissed his coachman and all his house help. His wife when informed of the failure of her husband and the necessity for economy in her domestic relations, remarked, "I have lived on army rations once, and I can do it again. The bill to abolish the contract system of labor in the state prison of Massachusetts was defeated. Senator Whittier swore that he was offered $1,000 to absent himself when the vote was taken on the water and gas bill. James Rowe, a moulder, 28 years of age, went out on the prairie near the Cook county (III.) hospital, where he fired a bullet into his body. near the heart, and another into his brain, just over his right eye. Death was almost instantaneous. The body of Miss Nellie Cooley, who disappeared in SO mysterious a manner from her home in Wilkesbarre, Pa., on De ember 9 last, was found in the Susquehanna. A dentist positively identified the remains by the teeth. The body was discovered by Albert Bloom, a brakeman on the Pennsylvania railroad, who will claim $1,000 reward offered. Attorney General Brewster has written to Sringer, chairman of the committee on expenditures for the department of justice, relative to changing from the fee to a salary system in compensating United States court officials. Mr. Brewster savs he has considered the subject in every aspect and the result is a belief that the change is imperative. W. H. Vanderbilt has transferred to W. K. Vanderbilt $2,000,000 more in United States bonds. Two hundred and fifty shopmen of the Wabash at Peru, Ind., quit work, giving as a reason that the company was behind in wages. Settlement was made and to duty.

11. June 18, 1884 The Hawaiian Gazette Honolulu, HI
Article from The Hawaiian Gazette, June 18, 1884

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HawaianGazetteSupplementJunel8 Hatch, was President of the Stock Exchange. Inmost refined, because educated, alas! polution. General Advertisements. ability to get money from the banks for stock colReleague will be construed as a noun of multitude, lateral had most to do with it. Even government and the flag will cover the cargo. To get rid of bonds were not accepted. In this way the banks the home filth, that's the main and sole question. (panic-stricken themselves) did more to foster the MISCELLANEOUS. worst elements of the situation than anything else, Peruse the address of the French Academicians, and for 24 hours persisted in this course. Legal read at the tercentary of the Edinburgh university. tenders (government promises to pay without READY FOR FURNISHING HOUSES. It is perfect in style, tact, matter and construction: interest) were wanted, and security was offered in though the "whole strength of the company," I the shape of government bonds-the Nation's mean the "Immortals," was brought to bear on its promises to pay with interest-and refused! Longconstruction, the honor of laying down the keel, headed banks! The next day the Clearing-house belongs to the Due d' Aumale. announced that they would make loans to the An agitation is gaining ground that the health amount of $20,000,000 on government bonds, and of not only the pupils but of their teachers, in the some order came out of chaos. Fortunately it public achools of France, is being compromised now appears that Fisk & Hatch and Donnel, Lawby too much head work, and too little repose. It son & Simpson may be enabled to resume. is a good thing to furnish a head well, but it is LYCAN IN JAIL. better to let the head first grow. Let the box be Ward is in Ludlow street jail, in Tweed's old made before you pack it, even with loads of learncell, and the reporters say is writing out a stateed lumber. ment of his operations which, it is hinted, may As a set off to the coming Amateur Bull Fights have the effect of swelling the cabin passenger list in Paris, seances are being given in "French Boxon out-going ocean steamers. The officers are ing." This variety of the noble art of self defense PIANOS after Mr. Fish, he of the Marine Bank, as well as PARLOR SETS, consists, first in giving your adversary a kick in Mr. Jno. Eno late of the Second National Bank. the stomach, called savate, and then hit and kick as They searched the house of the latter on Saturday vigorously below as above the belt. I think there BEDROOM SETS, ORGANS, but did not find him. It is rumored (of course) is more homicidal intentions in French boxing that Eno has cut and run for Canada. Fish has than in French duelling. GUITARS, ODD CHAIRS, been arrested. Meanwhile the panic is over. Quiet has returned to the street and stocks are General Advertisements. ACCORDEONS, DINING TABLES, still being permitted to shrink. It was expected that the crash had hit hard and full upon bed-rock and that prices must now go up. Such is not the VIOLINS, CENTRE TABLES, & case however. Just to keep the ball rolling, the West Side Savings Bank has had to close its doors, BANJOS, MATTRESSES, owing to the defalcation of its teller, who ran off THE CHAMPION with something less than $100,000. A popular PILLOWS, FLUTES, theatre has a new song anent the event, based on the old one of "Empty is the cradle, baby's gone," HARMONICAS, RUGS, in which occurs the lines, "Busted is the bank, the teller's gone." VANDERBILT. STRINGS, MATTING, Fire and Vanderbilt has reached London. He left just before and got there just after the panic. His brokers confidently promised that as soon as he reached the other end of a cable that they would receive orders to buy sufficient to stay the downward tide. But they didn't. Ilearned in the street that Mr. V. got a 300-word cable from his son, at Queenstown, which he answered at London in Burglar Proor three words: "Feed my lambs." That evidently meant, let everybody sell to those who thought it CMP'Y. a good time to invest. He didn't want any more stock. His securities' movements furnish that translation. JIM KEENE. Jim Keene, who dropped just before the panic has asked an extension from his creditors and SAFES! promises to pay in full. Even his enemies predict that he will be on his feet ere long. "PUTS" AND "CALLS." Russell Sage sells "puts" and "calls" and "stradLAMBREQUINS, CORNICES Manufactured by the Cincinnati Safe and dles," which to most people out of "the street" are mysterious. Of late, on the declining market, he has been dealing in "puts," principally. When Lock Company, he sells you a "put" he gives you for, say $100, a AND contract agreeing to permit you to "put" to him which he will take) say 100 shares of Erie stock, now selling at 15½, and for which he will pay you 10. The put runs, say 90 days. Thus for $100 he agrees to pay you $10 per share any time within E.P. Adams, : : Agent, 90 days, as you please, on one day's notice. He is PICTURE FRAMES betting the price will not go below 10 and you are betting it will. If it does, you go out and borrow the stock (or buy it) and put it to him. Suppose These Safes have all of the good qualities of other it goes to 8 within 30 days. You serve notice of Of Every Description intention to put, buy your stock at 8 and put it to makers, him and be pays you 10 for it. A "call" is the reverse of a "put," the bet being (practically) that the price will not go above a certain figure, itself higher than the price at the time of making the Patent inside Boltwork and patent Hinge contract. A "straddle" combines a "put" and a "call" and gives the purchaser a profit if the price MADE TO ORDER. of the stock goes either So many points above or below the present price. Russell Sage has made Cap over Locks and Bolts, millions in selling privileges, and has flattened the eagle on every coin containing one which has come into his hands, before letting it go again. During the crash tuose who had bought "puts" almost all made money, prices going SO low. 105 & 107 FORT STREET, And also have many valuable improvements, Sage's,office was beseiged by brokers who had his puts. He used up four check books paying for his privileges and it is said checked out about HONOLULU, H. I. $6,000,000. He is worth more than ten times that Solid Angle-Iron Covers, Front and Back, sum. GENERAL GRANT. General Grant is broken down by his experience Island Orders will Receive Prompt and with Ward. He is on crutches yet from the effects And heavy walls, thereby giving great increase in of his fall on the icy sidewalk last winter. He does not read what the papers say about him and strength. One specially important advantage over all his unfortunate association. He is getting sour, other Safes is too. No wonder. Who wouldn't? Careful] Attention. SUNDRIES. (1009) There is no news in the line of amusements. "Summer snaps" occupy the theatres and leg The Patent shows the light opera houses. The weather is warm and the thermometer most TRUSSES ! TRUSSES: TRUSSES ambitious. The suberbs and near by watering places are beginning to feel their importance. Magnetic and|Automatic Well-to-dos are arranging to get out of town for the summer. European steamers are well filledwith a few trusted but selfish officials and othersand summer dulness and lassitude overcomes Bank and Safe Locks, everybody. SILVER. Congress has put the cap-sheaf of abundance HOLLISTER & CO. upon its long since suspected quality of ignorance With Revolving Bolts. and stupidity, by refusing to pass a uniform bankruptcy law, but not taking measures to stop the dangerous (enforced) coinage of $2,000,000 in silThis Lock is one of the most ver each month and by insisting on retaining the 30 per cent daty on imported works of art. n A.C.S. A Large Invoice of the Celebrated The Gazette's Paris Letter. and Peliable