10668. Buchanan Bank (St Joseph, MO)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 21, 1878
Location: St Joseph, Missouri (39.769, -94.847)

Metadata

Model: gpt-5-mini
Short Digest: 48daeb1d

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (Jan 21–22, 1878) report the Buchanan Bank of St. Joseph, MO closed its doors or made an assignment before opening its doors and later references speak of winding up business. There is no mention of a depositor run; the bank appears to have suspended operations and entered insolvency/assignment leading to winding up/closure.

Events (4)

1. January 21, 1878 Other

Newspaper Excerpt: made an assignment before opening its doors this morning, to A. P. God. A placard was posted on the door cautioning depositors against sacrificing their deposits, and assuring them that every dollar of the deposits will be paid in a short time.
Source: newspapers

2. January 21, 1878 Receivership

Newspaper Excerpt: made an assignment before opening its doors this morning, to A. P. God.
Source: newspapers

3. January 22, 1878 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed its doors due to temporary embarrassment/insolvency; contemporaneous reports describe assignment and winding up.
Newspaper Excerpt: The Buchanan Bank of this city closed its doors.
Source: newspapers

4. February 2, 1878 Other

Newspaper Excerpt: The Buchanan Bank of St. Joseph, Mo., and the Brewers' & Malters' Insurance Co. of New York are winding up business.
Source: newspapers

Newspaper Articles (12)

1. January 22, 1878 The Wheeling Daily Register Wheeling, WV

Article from The Wheeling Daily Register, January 22, 1878

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Business Failures. NEW YORK, January 21.- Waterhouse & Bros., woolen manufacturers, of Pas. saic, N. J., have failed. Their liabilities are thought to be one hundred thousand dollars; assets sixty thousand dollars. Depression of business and shrinkage of values are assigned as the causes. ST. JOSEPH, Mo., January 21.- The Buchanan Bank, of this city, made an assignment before opening its doors this morning, to A. P. God. A placard was posted on the door cautioning depositors against sacrificing their deposite, and assuring them that every dollar of the deposits will be paid in & short time. PHILADELPHIA, January 21. - The failure of three houses here in the Mo. rocco and goat skin trade, and the fail. ure of a manufacturing firm at Wil. mington, Delaware, causes some excite. ment. The total liabilities are said to exceed $500,000; assets unknown. PHILADELPHIA, January 21.-Regarding the failure to-day, Stokes, of the firm of E. & C. Stokes, importers of goat skins, states that he is advised by counsel to make an assignment, which he will probably do to-morrow. Stokes says the firm, which have suspended, are largely indebted to him. The house of E. & C. Stokes is one of the heaviest importers in the city in foreign hides and skins. It is rumored here that the two firms in Newark, engaged in the same business, are about to suspend.

2. January 23, 1878 The Dallas Daily Herald Dallas, TX

Article from The Dallas Daily Herald, January 23, 1878

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CONTRACTION'S VICTIMS. A Crash Among the Houses in the Morocco Trade-A Long Last of Failures. PHILADELPHIA, January 22-Third street is agitated this morning over the trouble affecting the houses in the morocco trade. The principal house In trouble is E. & C, Stokes, importers of hides and skins. Mr. E. Stokes said this morning that the firm had not decided what course they would take, but mak e a decent to-day. The firm attributes the cause of their trouble to the fall of George W. Hummell & Co., who were unable to meet even the interest on their obligations, and who relied on E. & C. Stokes to meet it for them. This firm is indebted to Stokes to the extent of over $200,000. The following houses are also reported insolvent: John Deemer & Sons, $90,000; W. R Stuart & Co., $12,000; Hammond & Dwyer, $13,000; Harvey, Lynch & Co., $16,000; Stuart Allen $12,000; Edwin Evans & Co., $8,000; C. Backiss, $20,000; J. G. Baker Manufacturing Co., of Wilmington, $180,000; and E. & C. Stokes, who will no doubt make an assignment, are creditors to about three-fourths of all the liabilities of the above named firms. They decline to state the total amount of their own liabilisies, but claim to hold the papers of other morocco firms to the amount of $700,000 or $800,000. NEW YORK, January -S. M. Boxby & Co., manufacturers of blacking, failed; liabilities $123,000. The court appointed Peter Ammerman agent to wind up the Brewers and Malsters insurance. Bennett & Smith, manufacturers and jobbers of web cloth and felt skirts in Leonard street, suspended. Liabilities $75,000. BOSTON, January 22.-The Dorches ter Savings bank has been placed in the hands of the finance committee with instructions to report within sixty days. CHICAGO, January 22.-Samuel Bliss & Co., grocers, failed. ST. JOSEPH, Mo., January 22.-The Buchanan bank of this city closed doors. READING, PA., January 22.-Jacob and John Huntzinger, late president and cashier of Miners' Trust company, of Pottsville, were sentenced each to ty years solitary confinement and five hundred dollars fine, also to refund $2400 and costs. PHILADELPHIA, January 22. H. Shecke & Son has suspended, the cause being the recent suspension of the New York drug firm of John F. Henry, Oman & Co. NEWARK, N. J., January 22.-Samuel Dunn, dealer in sheep skins, and William N. Randall, dealer in house furnishing goods, have failed. 1 ST. LOUIS, January 22.-J. J. Jones, I a wealthy farmer and stock raiser of Winton, Missouri, has failed. Liabilities, $50,000; assets less than one third. 1 Pratt, Hubbell & Co., the largest mercantile firm of Monticello, Ills., Z has failed. Liabilities, $86,000. t

3. January 23, 1878 The New Orleans Daily Democrat New Orleans, LA

Article from The New Orleans Daily Democrat, January 23, 1878

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SHERMAN'S WORK. Failures. CHICAGO Jan. 22,-Samuel Bliss & Co., grocers, have failed. NEW YORK, Jan. 22.-8. M. Bixby & Co., blacking manufacturers have failed, with liabilities amounting to $123,000. NEW YORK, Jan. 22.-The suspension of Bennett & Smith. cloth manufacturers and jobbers, has been announced. Their liabilities are placed at $75,000. A Closed Bank. ST. JOSEPH, Mo. Jan. 22.-The Buchanan Bank of this city closed its doors to-day. In the Hands of a Committee. BOSTON, Jan. 22.-The Dorchester Savings Bank has been placed in the hands of a finance committe for examination and report within sixty days. Winding up an Insurance Company. NEW YORK. Jan. 22.-Peter Ammermann has been appointed agent by the court for the winding up of the Brewers and Maltsters' Insurance Company. Reported Failure of Schenck, the Great Philadelphia Druggist. NEW YORK. Jan. 22.-A great deal of excitement prevails among the drug houses of this city this afternoon, owing to the reported failure of Schenck, proprietor of the largest drug house in Philadelphia. Much talk and feeling exists in drug circles, it being believed that millions of dollars are involved. The Dunning Failure-Meeting of Creditors. NEW YORK, Jan. 22.-A meeting of all the creditors of E.J Dunning was held this afternoon, but the proceedings were secret. A leading druggist said the affair would be settled one way or another. If adversely. then stand from under. The Philadelphia Morocco Trade Fallures. NEW YORK, Jan. 22.-The failures in the Morocco trade in Philadelphia have also attra ted a great deal of at ention. Opinion prevails that it would have been improbable. if not impossible, for any large failures to have occurred in the legitimate line of the trade without it be that it transpired through the interchange of paper between the parties. No serious result is apprehended to New York houses. The failures are, it is affirmed by many parties. a complete surprise. although it is stated at the office of Sterling & Day, leather brokers, that it has been known to them for three days that large failures were about to occur in Phíladelphia, although of the parties and amounts they were unadvised. This afternoon the failure of Henry Zeigler. paint and oil works. was announced. but it is thought they will continue in business, as an extension has been granted by their creditors. A Patent Medicine House Gone. PHILADELPHIA, Jan. firm of Schenck's Sons, patent medicine, doing business corner of Sixth and Arch streets, in this city, has failed. The cause assigned is the failure of Messrs. John T. Henry, Curran & Co., wholesale druggists of New York. The standing of the firm cannot be given to night with any degree of accuracy. Heavy Failure in the Morocco Trade. PHILADELPHIA, Jan. 22.-For some time past there have been subdued rumors of an impending crisis among the morocco manufacturers of this city, and it has come. Some dozen or more firms were being carried along by a single large firm known as E. & C. Stokes, importers of hides and skins, corner of Third and Willow streets. This firm has suspended owing to the fact that the lesser firms were unable to meet their obligations. These smaller firms owed the greater one sums ranging from $20,000 to $200,000. Mr. Stokes states that the total amount involved in the failure is between $700,000 to $800,000. This is the gross sum, fully three-fourths of which is owing to the Stokes firm. The John G. Baker Manufacturing Company. of Wilmington. Del., whose indebtedness is $190,000. is the only important firm out of the city involved in the crash. The list complete is as follows: J. G. Baker $190,000. Goo. W. Hummell $200,000. John Deemer's Sons $60,000. Wm. R. Stewart & Co. $120,000. Hammond & Dwyer $30,000, Edward Ivans & Co. $80,000. C. Buckins $20,000. Harvey, Lynch & Co. $16,000. Stewart Allen $12,000; total, $728,000. These smaller firms have been, according to Mr. Stokes' account, more or less dependent upon his firm for a long time back. the firm having supplied them with the raw material to work up. In return the firm accepted their notes, carrying most of them since 1873, and renewing them for accommodation's sake and to enable the firms to get on their feet.

4. January 23, 1878 The New Orleans Daily Democrat New Orleans, LA

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THE NEW ORLEANS DEMOCRAT, WEDNESDAY, JANUARY 23, 1878. hoarding of currency and its consequent withstock compaMONEY TO LOAN drawal from the channels of trade and indusof duties the -ONhave try is probably the main cause of the finanusurped DIAMONDS, JEWELRY, WATCHES, SILVERcial stress under which the country is laboris undoubtedWARE, PIANOS, LOOKING-GLASSES this due ing, and it will not cease so long as the Secreis AND FURNITURE OF ALL tary of the Treasury persists in his ruinous our of govDESCRIPTIONS, WALT but ineffectual efforts to resume specie in year power And all other personal property, Guns, Pistols, are we payments without the means to do it with. shows, etc. Also on Stocks, Bonds and other collatthese Day after day we learn of the failure and corporaerals, in large and small sums, at as low rates of us bankruptcy of financial institutions at the interest AS any chartered institution in this money itself. for city. PLEDGES KEPT ONE YEAR. North and West, and there seems to be no their in fierce prospect of a cessation of this calamitous the cause state of affairs while money continues to be they, Hart's Loan Office, 108 on the heard hoarded and becomes dearer and dearer, and 43 43 Baronne Street shall use. all other kinds of property command but Offers t (Opposite the N. O. Gas Co.) nominal prices. The Watche MAURICE J. HART, Agent. We conclude by appending a list of suspenN. B.-Parties not being able to call in person sions taken from yesterday's papers. They will receive prompt attention by communicatthe illustrate more eloquently than any amount expressed ing with the above. men" financial H of rhetoric the financial troubles of the counALL BUSINESS STRICTLY CONFIDENthe commercial try: TIAL. he BOSTON. Jan. 21.-The directors of the Merproperly city The business at No. 48 St. Charles street, cantile Savings Bank are exacting sixty days' Senaover known as "Hart's Broker's Office," will be connotice from depositors. silver the quesSAN FRANCISCO, Jan. 21.-A run was made on tinued as heretofore. ja20 1y 2dp the Odd Fellows' Savings Bank to-day. The far So islature. run extended to the Clay Street Savings Bank. REMOVAL does there PASSAIC, N. J., Jan. 21.-Waterhouse Bros., To the corner of Chartres and Conti sts., No. 85 manufacturers of flocks, shoddy, overcoating over introversy" and suitings. have suspended business. unanimous C. ROUYER. PROVIDENCE, Jan. 21.-The Providence County Senin the Savings Bank, in Pawtucket, issued a circular GALVANIZER, JEWELto its depositors, announcing the omission of its ER. CLOCK MAKER, OPthe of strength usual semi-annual dividend. A charter proTICIAN, respectfully inof monetization vision has been enforced. forbidding the withforms the public that the Elgin drawal of money before the second Wednesday pening of his new estabact. resumption in April. The bank, on the thirtieth of Novemlishment will take place on of measure a 3, ber, had about $3,000,000 in deposits, with $2,228,MONDAY, December 24, 000 invested in real estate and mortgages. Other I have a com and that he is ready to inmaterial he savings banks in Pawtucket require notice for correspond with t please his customers, in choice articles. at exin is adopted the withdrawal of principal. but pay interest on ceedingly reduced prices. Goods, recently retions, Clocks, Bro demand. ceived, per latest European and Northern Legislature, I Make a BOSTON. Jan. 22-The Dorchester Savings steamers. cannot be excelled for elegance and measthat such Bank has been placed in the hand of a finance For further 1 style. These goods consist of jewelry of all withcommittee, with instructions to report within he kinds, watches, chains, clocks, eyeglasses, specpeople no24 sixty days. tacles, church articles, etc. Mr. Rouyer offers CHICAGO, Jan. 22.-Saml. Bliss & Co., grocers, his services as general repairer of watches, jewraise to failed. elry, clocks and silverware. Specialtv-the sale nption ST. JOSEPH,' Jan. 22.-The Buchanan Bank of of table furniture in French silver. Alfenide and do legislators this city has closed its doors. plated. Also, spectacles and eyeglasses, in steel of society. NEW YORK, Jan. 22.-The court appointed Peor tortoise shell. and the resetting and supplyter Ammerman as agent to wind up the Brewde22 im 20 ing of lenses for same. to voter, every ers and Maltsters' Insurance Company. an has equal MALAKOFE BITTERS

5. January 24, 1878 The Milan Exchange Milan, TN

Article from The Milan Exchange, January 24, 1878

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and Jessamine Counties, Ky., on the night of the 16th, and hanged by the roadside. The same mob then went to the cabin of a negro named Tom Turner and shot him in the presence of his wife. Sheriff's posse went in pursuit of the murderers. The Government has commenced a suit against the bondsmen of John MeArthur, late Postmaster of Chicago, to recover the sum of $300,000, charged as being deficient in his accounts. A portion of this money was lost by the failure of the bank in which it was deposited, and no inconsiderablesum was lost by McArthur in private business speculations. The banking-house of J. M. Patterson & Co., at Sterling, III., temporarily șuspended on the 17th. The assets are claimed to be largely in excess of the liabilities. John R. Flippen, the Citizen's candidate, has been elected Mayor of Memphis Four lads, named Washington Russell Spencer Mitchell, Walter Goodall and Jesse Ingham, went over a dam in a skiff, near Huntington, West Va., on the 17th, and all Col. Lew Meade,a were drowned. ТА ЭИНТ North Alabama, living 16 miles east of Huntsville, was shot and killed on the night of the 14th, by a man supposed to be one of his tenants with whom he had trouble, and whose arrest he had caused. The members of the Louisiana Returning Board were on the 18th arraigned in the Superior Criminal Court on indictments charging forgery and altering the returns of Vernon Parish. The members of the Board pleaded not guilty and were admitted to bail on the old bonds. The day of trial is not fixed. beend Mr. John Snow, a respectable citizen of Allen County, Ky., was murdered in his bed on the nightof the 14th. An ax was the instrument of assassination, and his head and neck were literally chopped in pieces. His wife is under arrest, charged with the horrible crime. Three children were drowned by breaking through the ice at Dixon's Mills, neár Portsmouth, O,, on the 18th. They were Sallie, aged 11, and Johnnie, aged 8, children of George Dixon, and Mollie, aged 11, daughter of George M: Dixon. TA ЭИНТО News has into Mason County, Texas. Two men were killed and a large number of horses and cattle were driven off. United States troops and rangers were in pursuit. Mark M. Palmer's private banking-house, at Yankton, D. T., has closed its doors. Liabilities, $60,000, which, Mr. Palmer claims, can be fully met by the assets The Buchanan Bank of St. Joseph, Mo, has closod its doors on account of a temporary embarrassment, as it is claimed. It is believed that all depositors will be paid in full. Page & Sprague, wholesale dealers in glass, paints and oils, Chicago, have suspended, with liabilities largely in excess of assets. AN The

6. January 24, 1878 The Weekly Democratic Statesman Austin, TX

Article from The Weekly Democratic Statesman, January 24, 1878

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TELEGRAPHIC NEWS. NOON DISPATCHES. DOMESTIC. The Money Question. WASHINGTON, Treasury Department, January 16, 1870.-The Secretary of the Treasury hereby gives notice that from the 26th inst., and until further notice, he will receive subscriptions for the four per cent. funded loan of the United States in the denominations as stated below at accrued interest in coin. The bonds are redeemable after thirty years from July 1, 1877, and bear interest payable quarterly, on the first day of January, April, July and October of each year, and are exempt from the payment of taxes or duties to the United States, as well as from taxation in any form by or under State, municipal or local authorities. The subscrip tions may be made for coupon bonds of fifty dollars, hundred dollars, tive hundred dollars and of one thousahd dollars, and for registered bonds of fifty dollars, one hundred dollars, five hundred dollars or one thousand dollars. Two per cent. of the purchase money must accompany the subscription. The remainder may be paid at the pleasure of the purchaser, either at the time of the subscription or within thirty days thereafter, with interest on the amount of the subscription at the rate of four per cent. per annumrto the date of the payment. Upon receipt of the full payment the bonds will be transmitted free of exchange to the subscribers and a commission of one quarter of one per cent will be allowed upon the amount of subscription, but no commission will be paid upon any single subscription less than $1000. Forms of application will be furnished by the Treasurer at Washington, D. C., the Assistant Treasurers at Baltimore, Boston, Chicago, Cincinnati, New Orleans. New York, Philadelphia, St. Louis and San Francisco, and by the national banks and bankers generally. The appropriations must specify the amount and denominations required; and for registered bonds the full name and postoffice address of persons to whom the bonds shall be made payable. The interest of the registered bonds will be paid by check, issued by the Treasurer of the Unit ed States, to the order of the holder and mailed to his address. The check is payable OR presentation properly indorsed at the office of the Treasurer and Assistant Treasurers of the United States, and the payment may be made in coin to the Treasurer of the United States at Washington or to the Assistant Treasurers at Baltimore, Boston, Chicago, Cincinnati, New Orleans, New York, Philadelphia, St. Louis and San Francisco. To promote the convenience of subscribers, the Department will also receive in lieu of coin called bonds of the United States, coupons past due or maturing within thirty days, or gold certificates issued under the act of March 3, 1863. The national banks will be designated as depositories under the provisions of section 5153 of the Revised Statutes of the United States, to receive deposits on account of this loan, under regulations to be hereafter prescribed. JOHN SHERMAN, [Signed] Secretary of the Treasury. WASHINGTON, January 16.-The Senate's vote on referring Matthews's bill to the Judiciary Committee, where it would be pigeon-holed, was considered an important vote, and in detail was as follows : Yeas-Authony, Barnum, Bayard, Blaine, Butler, Conkling, Dawes, Eaton, Edmunds, Hamlin, Hoar, Kernan, McPherson, Mitchell, Morrill, Paddock, Rollins, Sargent and Wadleigh-19. Nays-Messrs. Armstrong, Beck, Booth, Cameron of Pennsylvania, Cameron of Wisconsin, Cockrell, Coke, Conover, Davis of Illinois, Dorsey, Ferry, Grover, Harris, Hereford, Howe, Johnson, Kirkwood, McCreery, Matthews, Maxey, Merrimon, Morgan, Plumb, Ransom, Saulsbury, Sanders, Spencer, Teller, Voorhees and Withers-31. WASHINGTON, January 22.-At - a SCcret caucus last night, irrespective of party, on the silver question, over one hundred were present, mostly from the South and West, several from Pennsylvania, and Gan. Butler from Massachusetts. Mr. Buckner, of Missouri, presided. He stated that the caucus had been called for the purpose of organizing a movement in both houses of Congress to accomplish three objects: 1. The repeal of the resumption act. 2. The remonetization of silver. 3. The substitution of greenbacks entirely for national banking currency. After discussion the following was adopted: Resolved, That the purpose of the organization, now about to be made, shall be confined to the remonetization of the silver dollar and the repeal of the resumption act. The general tenor of the debate showed an indisposition to interfere with national banks. The meeting adjourned, subject to the call of the chairman. BOSTON, January 22.-The Dorchester Savings Bank has been placed in the hands of a finance committee with instruction to report within sixty days. VIENNA, January 22. Three bundred thousand refugees are fleeing to Coastantinople. The impression gains that the Porte must purchase peace on any terms. Bank Failure. SE. JOSEPH, Mo., January 22.-The Buchanan Bank, of this city, has closed its doors. Failures. Pratt, Hubbelt & Co., the largest

7. January 25, 1878 The Emporia News Emporia, KS

Article from The Emporia News, January 25, 1878

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Bank Failures. January 18, M. M. Palmer's bank, Yankton, D. T., closed January 21. A run began on the Odd Fellows and the Clay savings banks, Philadelphia. The Providence county savings bank, Pawtucket, R. 1., and the other savings banks in that city, declined to pay. depositors. The Pawtucket bank has about $3,000,000 in deposits. Jan. 22, The Buchanan bank of St. Joseph, Mo., closed. Also the Mercantile savings bank, Boston, Mass., with deposits of $300,000.

8. January 26, 1878 The Dallas Weekly Herald Dallas, TX

Article from The Dallas Weekly Herald, January 26, 1878

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# CONTRACTION'S VICTIMS, A Crush Among the Houses in the Morocco Trade - Long List of Failures. PHILADELPHIA, January 22.-Third street is agitated this morning over the trouble affecting the houses in the morocco trade. The principal house in trouble is E & C Stokes, impor- ters of hides and skins. Mr. E. Stokes said this morning that the firm had not decided what course they would take, but made a deposit to-day. The firm attributes the cause of their trouble to the fall of George W. Hons- chell & Co., who were unable to meet even the interest on their obligations, and who relied on E. & C. Stokes to meet it for them. This firm is indebt- ed to Stokes to the extent of over $200,000. The following houses are also reported insolvent: John Deezer & Sons, $90,000; W. R. Stuart & Co., $12,000; Hammond & Dwyer, $13,000; Harvey, Lynch & Co., $16,000; Stuart Allen $12,000; Edwin Evans & Co., $8,000; C. Backiss, $24,000; J. G. Baker Manufacturing Co., of Wilmington, $180,000; and E & C Stokes, who will no doubt make an assignment, are creditors to about three-fourths of all the liabilities of the above named firms. They decline to state the total amount of their own liabilities, but claim to hold the papers of other morocco firms to the amount of $700,- 000 or $800,000. NEW YORK, January 22.-S. M. Box- by & Co., manufacturers of blacking, failed; liabilities $123,000. The court appointed Peter Ammer- man agent to wind up the Brewers and Malsters insurance. Bennett & Smith, manufacturers and jobbers of web cloth and felt skirts in Leonard street, suspended. Liabilities $75,000. BOSTON, January 22.-The Dorches- ter Savings bank has been placed in the hands of the finance committee with instructions to report within sixty days. CHICAGO, January 22.-Samuel Bliss & Co., grocers, failed. ST. JOSEPH, Mo., January 22.-The Buchanan bank of this city closed doors. READING, PA., January 22.-Jacob and John Huntzinger, late president and cashier of Miners' Trust company, of Pottsville, were sentenced each to ty years solitary confinement and five hundred dollars fine, also to refund $2400 and costs. PHILADELPHIA, January 22.-H. Shecke & Son has suspended, the cause being the recent suspension of the New York drug firm of John F. Henry, Oman & Co. NEWARK, N. J., January 22.-Sam- uel Dunn, dealer in sheep skins, and William N. Randall, dealer in house furnishing goods, have failed. ST. LOUIS, January 22.-J. J. Jones, a wealthy farmer and stock raiser of Winton, Missouri, has failed. Liabili- ties, $50,000; assets less than one third. Pratt, Hubbell & Co., the largest mercantile firm of Monticello, Ills., has failed. Liabilities, $86,000. A Hartford, Connecticut, special says a new effort is being made to have the remaining assets of the Charter Oak insurance company kept out of the hands of a receiver, and to reor- ganize it as a purely mutual company. The stock is to be merged and wiped out, and the policies scaled. Legisla- tive intervention is necessary in order to effect this, and therefore a new char- ter was asked for. The policy-holders will cooperate with the managers in their efforts. HARTFORD, Conn., January 19.-A further postponement of one week was granted by the court on hearing the question of a receivership for the Charter Oak insurance company. NEW YORK, January 19.-Powers, Guston & Co., dealers in boots and shoes, have suspended. Liabilities, $260,000, nominal assets, $255,080; real, $150,000. LIVERPOOL, January 19.-The Abys- sinia, hence from here to-day, took two hundred thousand pounds of specie. NEW YORK, January 21.-Water- house Brothers, woolen manufactur- ers, at Passaic, New Jersey, have failed. Liabilities, $100,000. Depression of business and shrinkage of values as- signed as the cause. BOSTON, January 21.-The directors of the Mercantile savings bank are ex- acting sixty days notice from depositors. PASSAIC, N. J., January 21.-Water- house Bros., manufacturers of shoddy, overcoating and suitings, have sus- pended business. The shoddy mills closed on Saturday night. Two hun- dred and fifty hands are out of em- ployment. The overcoat and suiting mill is still running. It is reported that if settlement can be made with creditors work will be resumed.

9. February 1, 1878 The Jasper Weekly Courier Jasper, IN

Article from The Jasper Weekly Courier, February 1, 1878

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mouth, o., on the 18th. They were Sallie, aged 11, and Johnnie, aged 8, children of George Dixon, and Mollie, aged 11, daughter of George V. Dixon. News has been received of an Indian raid into Mason County, Texas. Two men were killed and a large number of horses and eattle were driven off. United States troops and rangers were in pursuit. Mark M. Palmer's private banking-house, at Yankton, D. T., has closed its doors. Liabilities, $60,000, which, Mr. Palmer claims, can be fully met by the assets. The Buchanan Bank of St. Joseph, Mo., has closod its doors on account of a temporary embarrassment, as it is claimed. It is believed that all depositors will be paid in full. Page & Sprague, wholesale dealers in glass, paints and oils, Chicago, have suspended. with liabilities, largely in excess of assets. The business men of Kansas City have begun the formation of a joint stock company, with a capital of $50,000, for the purpose of putting a barge line on the Missouri River between Kansas City and St. Louis. The Southern Pacific Railroad authorities announce that they will complete their road to Maricopa Wells, Arizona, the present season. The journeymen tailors of Chicago struck for higher wages on the 21st.

10. February 2, 1878 American Citizen Canton, MS

Article from American Citizen, February 2, 1878

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LATE NEWS ITEMS. The business men of Kansas City have begun the formation of a joint stock company, with a capital of $50,000, for the purpose of putting a barge line on the Missouri River between Kansas City and St. Louis. The Post-office Department rules that a periodical addressed to a regular subscriber, who has changed his post-office address, can not be forwarded to him without the prepayment of one cent for every two ounces. The Southern Pacific Railroad authorities announce that they will complete their road to Maricopa Wells, Arizona, the present season. Page & Sprague, wholesale dealers in glass, paints and oils, Chicago, have* suspended, with liabilities largely in excess of assets. The Buchanan Bank of St. Joseph, Mo., has closed its doors on account of a temporary embarrassment, as is claimed. It is believed that all depositors will be paid in full. Jacob and Albert J. Hutsinger, the swindling bankers of Pottsville, Pa., have been sentenced to two years each of solitary confinement at hard labor in the Berks County Jail, and to pay the prosecutor of the suit $24,000, of which sum he had been defrauded by them, together with costs of prosecution. The prisoners are father and son, the former over 70 and the latter about 35 years of age. The journeymen tailors of Chicago struck for higher wages on the 21st. The House Committee on Indian Affairs have agreed to report and recommend the passage of the bill introduced by Mr. Scales, providing for the transfer of the Indian Bureau to the War Department. The Chinese have taken the City of Kashgar, and the whole province is now under their control. There have been a number of disastrous failures among the hide and leather importers and dealers in Philadelphia.

11. February 2, 1878 The Donaldsonville Chief Donaldsonville, Gonzales, LA

Article from The Donaldsonville Chief, February 2, 1878

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Domestic. Newark had a $50,000 fire. National State Bank, Newark, suepended. Senator Allison of Iowa has been re-elected. Outario flouring mills, Oswego, N. Y., burned; loss $50,000. A four-year old girl died from bydrophobia at Pottstown, Pa. Lord Dufferin, Governor-General of Canada, is at Washington. Bixby & Co., the well known New York blacking manufacturers, have failed. Geo. P. Gordon, inventor of the Gordon printing press, died at Norfolk, aged 68. Thos. Murtagh, a flag boy on the Jackson railroad, at New Orleans, was run over and killed. E.1 K. Collins, founder of one of the first lines of American steamships, is dead, aged 76 years. Miss Alice Hasevendoff was fatally burned by the explosion of a coal oil lamp, at New Orleans. Nearly $40,000 in State bonds were stolen by Joseph Mayo, Jr., former State Treasurer of Virginia. The tailors' strike in Chicago is a failure. The leading clothing houses are working with full forces. Hon. John B. Kerr, formerly member of Congress from Maryland, and also minister to Gautemala, is dead. Three vessels went ashore on the California coast last week. The captain of one was killed by a parting hawser. The U. S. Marshal at Brooklyn, N. Y., seized a cargo of sugar from Dem. erara, claiming that full duty had not been paid. The Buchanan Bank of St. Josepb, Mo., and the Brewers' & Malters' Inenrance Co. of New York are winding up business. Capt. A. K. Long, commissary of subsistence at Washington, committed snieide. He had been drinking freely for several days. The House bill to remove obstructions from the Mississippi, Missonri Arkansas and Red rivers passed the U.S. Senate. t Win. Miller was killed in Washington county, Ohio, by n young woman he had seduced and abandoned. She cut his head open with an axe. Two Pittsburg negroes were convicted of assaulting white women; one was sent to the penitentiary for fifteen years, the other for life. Amelia Therence was shot and killed by Esteven Fleury, who then mortally wounded himself. The par; ties were colored lovers, residents of New Orleans. f 0 A passenger train on the Nashville and Chattanooga railroad ran off the I track near Hunt's station, Tennessee, throwing one coach down an embankment twenty feet. Six wounded none killed. f Jacob and John Hantzinger, late president and cashier of the Miners' Trust Company of Pottsville, Pa., g have been sentenced each to two years e solitary confinement and a fine of $500, and also to refund $24,000.

12. February 2, 1878 San Marcos Free Press San Marcos, TX

Article from San Marcos Free Press, February 2, 1878

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Page & Sprague, wholesale dealers in glass, paints and oils, Chicago, have suspended, with liabilities largely in excess of assets. The Buchanan Bank of St. Joseph Mo., has closed its doors on account of a. temporary embarrassment, as is claimed. It is believed that all depositors will be paid in full.