10842. Union Bank (St Louis, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 8, 1873
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini
Short Digest
a33cf472

Response Measures

None

Description

Multiple newspapers report: The Union Bank suspended on that day and had decided to go into liquidation. No run or depositor panic is described. Suspension followed by decision to liquidate => permanent closure. OCR corrected dates to 1873-10-08 based on articles dated Oct 16-23 referencing actions on the 8th.

Events (1)

1. October 8, 1873 Suspension
Cause
Voluntary Liquidation
Cause Details
Newspapers state the bank suspended and had decided to go into liquidation. No run or external cause described; closure appears voluntary/firm-initiated liquidation decision upon suspension.
Newspaper Excerpt
The Union Bank suspended on that day and had decided to go into liquidation.
Source
newspapers

Newspaper Articles (5)

Article from Iowa Voter, October 16, 1873

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A dispatch from Dubuque, Iowa, says an examination just made into the affairs of the Merchants National Bank of that city had shown that R. A. Babbage, the Cashier, had abstracted from the bank by means of false entries $267,289, and that the President, Mr. Sheffield, had abstracted $161, 972 Captain Jack and four of his companions were hung at Fort Klamath, Oregon, on the 3d. The late hour at which the dispatch was was received on the morning of the 4th prevented the publication of full particulars. The sentence of Slotuck and Barncho had been commuted to imprisonment for life on Alcatras Island, la San Francisco Harbor. A dispatch from Columbus, Ohio, of the 3d announced that Reckley's Bank, of that city, had suspended. The Chicago Times of the 5th says that during the week ending October 4, $15,475,000 in currency had been received by the three express companies having offices in that city. This was, of course, exclusive of sums brought by individuals for investment. The banks of that city had begun to discount sparingly. A Dubuque, Iowa, dispatch of the 4th says the feeling against the defaulting cashier, Babbage, had become very bitter. The authorities had been compelled to guard his house with a band of policemen to prevent acts of violence from an outraged community. The Board of Equalization for the State of Illinois had completed its labors on the 7th. The estimated value of all lands in the State of Illinois, according to their opinion, was $1,245,760,454. An Indianapolis dispatch of theSth says that all work on the Canada Southern Railroad, in Northern Indiana, had been stopped by the Sheriffs of the several counties through which it runs, taking possession of all the company's property. According to the Chicago Journal of the 8th, the Third National Bank of that city had opened its doors again. A St. Louis dispatch of the 8th says that finances in that city had not worked as satisfactorily as was anticipated. The Union Bank suspended on that day and had decided to go into liquidation. The South. A dispatch from Memphis, Tennessee, says the yellow fever in that city had largely increased. The interments had reached fortyone on the preceding day. An appeal had been issued for relief. A Galveston (Texas) dispatch of the 2d says that the town of Lampasas had been inundated recently by the sudden rise of a creek that ran through the place. Twenty houses had been carried away including the Post-Office and two stores. Six persons had been drowned. The ravages of the yellow fever in Memphis and Shreveport, according to Press dispatches of the 3d, had largely increased. In the former city, over 5,000 people had left by the various trains, many of whom were ill at the small towns where they went. The Odd Fellows had issued a call for contributions from the Order throughout the United States. There had been 24 yellow fever interments on that day. In Shreveport there were 17 yellow fever interments. The President had ordered 5,000 army rations to be shipped to that place for the benefit of the sufferers. The virulence of the yellow fever epidemic at Memphis, according to a telegram of the 4th, had largely increased. Hundreds of the poorer classes were lying uncared for and dy ing for want of attention. The interments on that day in the Potter's Field alone, as reported by the county undertaker, had reached thirty in number. The whole number of yellow fever deaths for the day exceed ed forty. This included only paupers and those for whom coffins had been obtained at the undertakers. A New Orleans dispatch of the 5th says the New Orleans National Bank had gone into liquidation. The house of Clavoroe had failed. A Memphis telegram of the 7th says that, on that day, more cases of yellow fever had been developed than ever before. Over 600 persons were under treatment. The deaths numbered forty-two Among the latter was Rev. Father Carey, of the Do. minican Priesthood. At Shreveport the / interments were less numerous, probably because the material with which to operate was less abundant. The town had become almost depopulated.


Article from Wood County Reporter, October 16, 1873

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A New York dispatch of the 6th announces the "Graphic" balloon, being the old and that affair revamped rejuvenated, had with started Prof. for Donaldson and his associates, on the morning of that day. The aswas an excellent one. Mr. cension Europe Messrs. Lunt Donald- and son was accompanied by Ford. The balloon rose rapidly from the starting point, and floated majestically toward was the ocean, and when last seen moving toward Europe. Later, a dispatch had been received from New Haven stating that the balloon had reached Canaan, in the northeast corner of the State of Connecticut, a at 1.25 p. m., when it had been caught in storm. Donaldson allowed enough of the gas to escape to enable him to bring the gas-bag near the earth, when they all leaped out, and the balloon escaped. According to a Memphis telegram of the 7th, on that day more cases of yellow fever Over had been developed than ever before. The 600 persons were under treatment. deaths numbered forty-two. Among latter Father Carey, of the Dominican At Shreveport priesthood. was Rev. the because interments the were less numerous, probably material with which to operate was ess abundant. The town had become almost depopulated. New York dispatches of the 7th announce the suspension of Wylie, Knevals & Co., sugar-dealers. Indianapolis advices of the 8th say that all in work on the Canada Southern Railroad, Northern Indiana, had been stopped by the Sheriffs of the several counties through which it runs, taking possession of all the company's property. According to the Chicago Journal of the 8th, the Third National Bank of that city had opened its doors again. A St. Leuis dispatch of the 8th says that finances in that city had not worked as satisas was anticipated. The Union Bank on that day and had factorily suspended decided to go into liquidation. telegram of the 9th says that had just reTreasurer A Washington Spinner completed and the transac- his port of the National finances, tions of the National Treasury, for the fiscal year ending June 30, 1873. The net receipts by warrants, exclusive of repayments and counterwarrants, were $548,669,221; and the net expenditures, exclusive of same items, $524,044,597 The net receipts were distributed as follows: Loans, $214,931,017; customs, $188,089,522; internal revenue, $113,729,314; lands, $2,882,312: miscellaneous, $29,037,055. Receipts from customs have decreased, since the report of last year, about $28,250,000, and those of internal revenue, $16,900,000. The increase from miscellaneous sources was about $4,500,000, and that from lands, $300,000. The net expenditures on account of the War Department were $46,000,000, and the Navy, $23,000,000, against $36,000,000 for the War Department last year, and $21,000,000 for the Navy Department. Expenditures for diplomatic service have decreased about $300,000, and those for the judiciary have increased about the same amount. Expenditures on count of the public debt were $343,555,945, against $529,324,414 last year, a decrease of $185,767,469. The balance in the Treasury June 1873, was $131,178,137, which differs of the Secretary and Register The conscience fund during from $161. the figures the fiscal back year, independent of the Congressional making the total receipts 1863, $154,695. In to pay, from was December, $25,551, addition account this the sum credited to this fund on of back pay was $196,513. During the year there was received from the United States of Colombia, $114,308. The Treasury holds from National Banks, to secure circulation, $309,410,550, and to secure the Government deposits of $15,560,000-an increase in the first item of $10,000,000 over last year, and a decrease in the latter of $200,000. The business of the Treasury transacted through National Banks was $114,000,000. A special dispatch from Shreveport, La.. of the 9th, says the back-bone of the pestilence had been broken. Rev. Father Leasont, Secretary of the Bishop of Natchitoches, had died, making the fifth priest of the diocese who had been stricken down by the scourge. The number of deaths from the fever on the 9th had been ten. The pestilence in Memphis had shown very little signs of abatement on the 9th. Fifty-six nurses had been sent from New Orleans. Several of the first citizens of that city had died during the day. New York dispatches of the 9th say that currency had become more plenty, and that currency payments would soon be resumed by the various banking associations. The National Trust Company had decided to resume in full on the 13th. Gold sold as low as 108% for greenbacks. The firm of Gibson, Cazenova & Co., had failed. John T. Irving, who acknowledged to a San Francisco detective that he could indicate the murderers of Nathan, had reached New York. A dispatch from Reading, Pa., of the 9th, announces that Bushing & Bro., of that city, had suspended, with liabilities amounting to over $2,000,000. A Washington telegram of the 9th to the Associated Press says that the Treasury reserves had been drawn upon to the extent o $3,000,000 to meet the current expenses of the Government. The only notable event in connection with New York finances, on the 10th, had been the decrease in the price of gold, which was sold as low as 1071/4 for greenbacks, the lowest price since the war. A Montgomery, Ala., dispatch of the 10th announces that the yellow fever had appeared in that city. The deaths in Shreveport, La., had only reached nine on the 10th. A dispatch from Northwestern Iowa, of the 10th, says that great devastation had been caused on the preceding day by the accidental starting of a prairie fire near Kossuth. At last accounts the destroyer was still sweeping over Kossuth, Hancock and Winnebago counties, with little of its Vast of immediately. prospect quantities in ravages being hay, houses stayed stock, farm machinery, and, some cases, and stables had been burned


Article from Dodgeville Chronicle, October 17, 1873

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DODGEVILLE, WISCONSIN, FRIDAY, OCTOBER 17, 1873. An Indianapolis dispatch of the 8th says of deaths on the 11th up to 6 p. m., was fortyGeneral News Summary. that all work on the Canada Southern five. Railroad, in Northern Indiana, had been Havana advices of the 6th say that the InTHE OLD WORLD. stopped by the Sheriffs of the several counties surgents, 1,000 strong, had surprised the SpanA Madrid dispatch of the 7th says that on through which it runs, taking prosession of all ish column at Holquin. The Spanish loss was hat day a column of 2,000 Insurgents had the company's property. 125-killed, wounded and missing-among nade a desperate sortie from Cartagena, but According to the Chicago Journal of the whom was the Spanish Commander, who was were driven back with heavy losses in killed 8th, the Third National Bank of that city had badly wounded. The Spaniards were subsend wounded. A dispatch had been received opened its doors again. quently reinforced, and the Insurgents driven t the Ministry of War, from Gen. Noriones, A St. Louis dispatch of the 8th says that back to their camp. The Insurgents had also announcing a great victory over a large body finances in that city had not worked as satisattacked Santa Cruz del Sur, but had been reof Carlists in Navarre. factorily as was anticipated. The Union pulsed with a loss of 13 killed. A London dispatch of the 8th states that Bank suspended on that day and had decided Advices from the City of Mexico of the 2d, here had been an extensive riot in Cornwall to go into liquidation. via Havana 11th, say that Congress had deIn consequence of the arrest of a couple of A Washington telegram of the 8th says the creed the separation of Church and State; the niners by the police. Several hundreds had President had appointed a commission for the prohibiting or establishing of any religion; attempted to rescue their comrades, builderection of a military prison at Rock Island, marriage to be a civil contract; prohibiting ngs had been gutted, and several of the police Ill., as follows: Colonel Nelson A. Miles, of the holding of property by religious instituad been taken to the hospital badly hurt. the Fifth Infantry; Lieutenant-Colonel Wm. tions, etc. A London dispatch of the morning of the H. French, of the Second Artillery; Major A New York telegram of the 11th says that 0th says that information had just been reThos. F. Barr, Judge Advocate; Rev. E. C. George A. Clarke, Cashier and Ticket-seller of eived that the Carlist General, Ollo, had Wines, of New York, Secretary of the National the Union Pacific Railroad, had fled from the outed the army of General Noriones near Prison Association, and S. R. Brockway, of city, and a deficiency of $10,000 had been found Ciraqua, and compelled it to retreat to Puerto Detroit. in his accounts. He is supposed to have used a Reyna, leaving behind a large number of Delos C. Culver, of Jersey City, according the money for speculative purposes during lead and wounded. the panic. to a New York dispatch of the 8th, had just A Paris dispatch of the 10th says the Count A Philadelphia dispatch of the 11th says been declared a bankrupt. He was Vice-Presile Chambord, in view of developments in the that business matters were in a very critical dent of the New York & Oswego Midland Railear future, had taken up his residence near condition. Several manufacturers closed road Company, and his liabilities aggregated Geneva. The Left and the Republican porentirely for want of funds, and others are at$8,000,000. ions of the Assembly, represented by Thiers tempting to reduce the wages of their emA New York dispatch of the 8th says that nd Gambetta, respectively, had agreed upon ployes. Should the reduction be insisted upon, Stokes was arraigned for the murder of Fisk declaration in regard to the proposed mona general strike will be the consequence. on the morning of that day. rchy. The police had seized upon 22,000 A Memphis dispatch of the 12th says that A Washington dispatch of the 9th says that photographs of the Prince Imperial, which the favorable change in the weather was havTreasurer Spinner had just completed his rewere about to be distributed throughout ing a good effect, and it was thought that the port of the National finances and the transacFrance. epidemic would soon be abated. tions of the National Treasury for the fiscal A London dispatch of the 10th says a person A Washington dispatch of the 13th says year ending June 30, 1873. The net receipts claiming to be Arthur Orton had arrived in the Comptroller of the Currency had issued a by warrants, exclusive of repayments and hat city. This would complicate the Tichcall upon the National banks of the country counterwarrants, were $548,669,221; and the orne mystery. to report their condition at the close of businet expenditures, exclusive of same items, An official dispatch from Gen. Noriones, Reness on Friday, the*12th of September. This $524,044,597. The net receipts were dispublican commander, to the Spanish Governdone to enable that officer to furnish comtributed as follows: Loans, $214,931,017; cusnent, of Oct. 10, had disposed of the claim of plete statistics of their condition st previous toms, $188,089,522; internal revenue, $113,he Carlists that they had achieved a victory to the beginning of the panic. The special 729,314; lands, $2,882,312; miscellaneous, $29,ver that officer. He reports that the Carlists officer from the Comptroller's department 037,055. Receipts from customs have decreased were driven back with a loss of 100 killed and had reported that the proceedings taken by since the report of last year about $28,250,000, 00 wounded. the Union National Bank of Chicago to go and those of internal revenue, $16,900,000. The A Paris telegram of the 11th says that tweninto voluntary liquidation were irregular in increase from miscellaneous sources was about y-seven members of the Municipal Council form. The department, had therefore re$4,500,000, and that from lands, $300,000. The ad published an address, in which they deturned the papers to the bank, giving the innet expenditures n account of the War Delare that the Assembly has no right to alienstitution the choice of correcting them or partment were $46,000,000, and the Navy ate the national sovereignty; affirm that the resuming. The Comptroller had received a $23,000,000, against $36,000,000 for the War najority of the people reject the claim of the dispatch from the bank that it had decided Department last year, and $21,000,000 for the Count de Chambord to the throne, and reupon resumption. Navy Department. Expenditures for diplouest the Deputies from the Department of The Supreme Court of the United States matic service have decreased about $300,000, he Seine to declare how they propose to vote met in their chamber on the 13th, and immediand those for the judiclary have increased when the question of a change of government ately adjourned to pay their annual visit to about the same amount. Expenditures on acS brought up in the Assembly. the President. Subsequently a bar meeting count of the public debt were $343,555,945, Advices from Vienna to the 11th say that was held to take action concerning the death against $529,324,414 last year, a decrease of nany American travelers, who hold letters of of Chief-Justice Chase, and resolutions eulo$185,767,469. The balance in the Treasury redit from suspended banks in the United gistic of the character of the deceased were June 30, 1873, was $131,178,137, which differs States find themselves without funds, and are adopted. from the figures of the Secretary and Register compelled to accept friendly subscriptions to A Washington telegram of the 13th says $161. The conscience fund, during the fiscal nable them to return home. Many of the the President had caused an order to be issued year, independent of the Congressional back American waiters and laborers at the Exhibifrom the War Department, giving full pardon pay, was $25,551, making the total receipts lion were also in destitute circumstances. to all deserters who may return to duty on or from December, 1863, $154,695. In addition A Madrid dispatch of the 12th says that the before the 1st of January next, and who may to this, the sum credited to this fund on acserve faithfully during the remainder of their Alphonsista Club had issued a manifesto decount of back pay, was $196,513. During the term of enlistmant. claring that the time had come to prepare for year there was received from the he accession of Don Alphonso to the throne A report of the great storm of August 24, of Colombia, $114,307. The Treasury holds issued from the Signal Office, shows that of Spain. A rumor was in circulation that a from National Banks, to secure circulation, conspiracy had been discovered to assassinate 1,032 vessels, of which 425 were small fishing $309,410,550, and to secure the Government Senor Castelar. schooners, are known to have been destroyed deposits of $15,560,000-an increase in the first during the 24th and 25th of August in the item of $10,000,000 over last year, and a deTHE NEW WORLD. neighborhood of the Gulf of St. Lawrence crease in the latter of $200,000. The business A Madrid dispatch of the 13th announces Atlantic shores of Novia Scotia, Cape Breton of the Treasury, transacted through National hat a naval battle had been fought off Carand Nowfoundland. In addition to this a Banks, was $114,000,000. agena, between the Intransigente fleet and the large nnmber-over ninety vessels-had been A special from Shreveport, La., of the 9th, National squadron. The fight lasted two destroyed by the same storm in its course besays the back-bone of the pestilence had been hours, when the Insurgent vessels were comfore reaching Nova Scotia, making a total of broken. Rev. Father Leasont, Secretary of elled to haul off and return to Cartagena in 1,122 vessels destroyed within a few days; the Bishop of Natchitoches had died, making I badly damaged condition, and with a loss of 223 lives were definitely reported to be lost, the fifth priest of the diocese who had been hirteen killed and forty-seven wounded. and the most moderate estimate of numerous stricken down by the scourge. The number Senor Mayer, member of the Junta, raskilled. cases, in which whole crews are stated to have of deaths from the fever on the 9th had been A Washington dispatch of the 7th says that been lost, had swelled the number to nearly ten. The pestilence in Memphis had shown he Civil Service Commission, in session in 500, while if to this be added the loss of life very little signs of abatement on the 9th. hat city, had recommended the appointment of on land and in the earlier history of the cyFifty-six nurses had been sent from New OrE. O. Graves, for several years Chief Clerk of clone, the grand total amounted to at least 600 leans. Several of the first citizens of that city he Treasury, as Examiner-in-Chief. It would lives. The records also show that about 900 had died during the day. e his duty to organize local boards buildings had been injured or totally destroyed A New York dispatch of the 9th says that f examination for candidates for the civil by this storm. currency had become more plenty, and that ervice. Subsequently the President had apDispatches from Oregon, of the 13th, say currency payments would soon be resumed by pointed him. that the election for Congressman had passed the various banking associations. The NaThe Board of Equalization for the State of off quietly. It was thought that Nesmith had tional Trust Company had decided to resume llinois had completed its labors on the 7th. been elected by a small majority. in full on the 13th. Gold sold as low as 1085 The estimated value of all lands in the State A San Francisco dispatch of the 13th says for greenbacks. The firm of Gibson, Cazenf Illinois, according to their opinion, was that Delche, a notorious Apache chief, had ova & Co., had failed. John T. Irving, who $1,245,760,454. left the reservation with 1,000 warriors, and acknowledged to a San Francisco detective A New York dispatch of the 7th announces gone upon the war-path. General Crook had that he could indicate the murderers of Nahe suspension of Wylie, Knevals & Co., sustarted in pursuit. than, had reached New York. gar-dealers. A Cincinnati dispatch of the 13th announced A dispatch from Reading, Pa., of the 9th, A Memphis telegram of the 7th says that, that all the banks in that city had resumed announces that Bushing & Bro., of that city n that day, more cases of yellow fever had currency payments. There had been no run, had suspended, with liabilities amounting to been developed than ever before. Over 600 and the deposits had been liberal and beyond over $2,000,000. persons were under treatment. The expectation. A Washington dispatch of the 9th to the leaths numbered forty-two. Among the According to a New York dispatch of the Associated Press says that the Treasury reatter was Rev. Father Carey, of the Dom13th, the Clearing-House Association had exserves had been drawn upon to the extent of nican priesthood. At Shreveport the intertended the period for the maturity of the loan $3,000,000 to meet the current expenses of the nents were less numerous, probably because certificates beyond November 10, if this form Government. he material with which to operate was less of relief should then be found necessary. The The only notable event in connection with bundant. The town had become almost deNational Trust Company had resumed busiNew York finances, on the 10th, had been the populated. ness. decrease in the price of gold, which was sold The New York State "Liberal" ConvenA dispatch from the Mayor of Memphis to as low as 1071/2 for greenbacks, the lowest ion met at Elmira, New York, on the the Mayor of Cincinnati on the afternoon of price since the war. th, appointed a Committee and the 13th says the yellow fever had not abated A Montgomery (Ala.) dispatch of the 10th and that aid from abroad was wanted. Other adopted resolutions congratulating the peoannounces that the yellow fever had appeared le upon the growing disposition to oppose in that city. The deaths in Shreveport, La., dispatches say that it was thought that the had only reached nine on the 10th. iny perversion of civil authority; reaffirming disease had passed its worst, and that there he principles set fort at Cincinnati more than A dispatch from Northwestern Iowa of the would be no more violent outbreaks. A disyear ago; denouncing the Congressmen who 10th says that great devastation had been causpatch from Owensville, Texas, says the yellow voted for and retain the so-called back pay, ed on the preceding day by the accidental fever had broken out in that vicinity. ennlanding those who returned it to the starting of


Article from Perrysburg Journal, October 17, 1873

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house ities had been compelled to guard prevent his acts of band of policemen to from an outraged violence with yellow-fever community. epidemic virulence of the of the The to a telegram 4th, had largely uncared for poorer classes at Memphis, according were increased dying Hundreds The interments of and the for want of attention. field alone, as dying day in the potter's had on that by the county undertaker, number reported reached thirty in number. The whole exceeded yellow fever deaths for the day and those of included only paupers the unforty. for whom This coffins had been obtained at dertakers' York dispatch of the 4th says that city, that A New of the Polaris survivors in on that n the steamship arrival City of Antwerp, the arrest of Capt. had been signalized by in the Navy Yard. Buddington day, Later and the his Tallapoosa confinement left for Washington with them. Orleans dispatch of the 5th says into the A New National Bank had gone New Orleans The house of Cavoroe had failed. from liquidation. A New York correspondent, recently, has reiterated writing Hall, the of Dundee, of Scotland, the poisoning of Professor Captain Bessels, story the Polaris, and indicated the person who rive of committed the expedition, the deed. as In the order case, to the araccording at the facts in to the dispatch Secretary of the of 6th, the Navy, had instituted another examination of York the survivors. dispatch of the 6th announces the old A New balloon, being Prof. that the "Graphic" rejuvenated, with affair revamped and had started for Donaldson and the his morning associates, of that Mr. day. Donald The Europe on an excellent one. Lunt and The Ford. ascension was by Messrs. from and floated son was accompanied balloon rose rapidly majestithe towards starting-point, the ocean, and Later, when a last dispatch seen was cally moving towards from Europe. New Haven, stating the had been received had reached Canaan, in that the balloon State of Connecticut a northeast corner of the had been caught in p. m., when it enough of the gas at 1:25 allowe gas-bag storm. Donaldson to enable them to bring the out, and near to escape the earth, when they all leaped the balloon escaped. dispatch of the 7th says that in had A Washington Commission, in session of recommende the Civil Service the appointment of Chief Clerk that E. o city, Graves, for Examiner-in-Chief. several years It boards would the Treasury, as to organize local the civil be his duty for candidates for had pointed service. of examination Subsequently the President him. of Equalization for the on State the Illinois The Board had completed of its all labors lands in the State was of The Illinois, estimated according value to their opinion, announces the 245,760,454. dispatch of the 7th suA suspension New York of Wylie, Knevals & Co., that, gar-dealers. Memphis telegram of the yellow 7th says fever had on than ever A that day, more cases of before. Over The 600 were the been developed under treatment. Among persons numbered forty-two. of the Domdeaths Rev. Father Carey, the interinican latter was priesthood. At Shreveport probably because less numerous, operate was less populated. "Liberal ments the abundant. material were The with town which had to become almost Conven- deat met The New York Elmira, State New York, on and the Committee tion appointed the peo8th, resolutions congratulating to oppose more ple adopted upon the growing civil disposition authority; reaffrming than any principles perversion set of fort at the Cincinnati Congressmen the denouncing so-called back pay, voted year ago; for and retain the returned it to the regretting and applauding those the who President should characAmerican ter Treasury; mistake the morality of the of the American to officially and disregard the honor sanction the bill, and the with name charging as the Republican party and demanding sponsibility of its passage, the highest importance repeal; regarding as of between the East that lines of improved, transportation so that no afforded; interest deand West complain be of the facilities influence of the great justly corrupting interestsare ploring the whereby agricultural of the country asserting should corporations crippled and the development that the eternal policy not be retarded; municipalities authorities; of the States with and by the Federal with being of the charging interfered the Administration disordered financial of sponsible for the country, recent and regarding as pay specie The Convention the duet paramount condition importance also return resolved to tribunal that the thanks ment. of all vindicated freemen the are right of local A trial State follows: which has freedom of the press. Secretary of jury and nominated as Nelson ticket State, was Diedrich Willers; General, Comptroller, Daniel Commis- Pratt K. Hopkins; Attorney H. Raines; Canal Syl H. Treasurer, James Thomas Jackson; Engineer, M. K. Platt. sioner, State Prison Inspector, the 8th says that the A Washington District of meeting that Sweet; Germans of held the dispatch on of the Columbia, they preceding would at had declared for office nicious whe pledged so-called evening, not support himself any to adhere temperance. man "to the perDean has the Third gress Congressional Benjamin by cause the Democrats of been District. of nominated 8th for Massa- Con- says Canada Southern that chusetts An all Indianapolia work Northern on dispatch the Indiana, of the had counties been Railroad, in Sheriffs of the several of through stopped by which the runs, taking prosession of the Third the According company's to National property. the Chicago Bank of Journal that city had 8th, the its doors again. 8th that says opened Louis dispatch of not the worked as satis A St. in that city had The Union suspended finances factorily as was on that anticipated. day and had decided the to Bank go into liquidation. telegram of the 8th says for the erection A Washington appointed commission Island, President had prison at Rock Miles, the Fifth Second Artillery; E. Ill., as follows: Infantry: of a military the Colonel Nelson A. Rev. Major Wm. H. Judge National Prison of New York, S. R. Brockway, Thos. Wines, French, F. Association. Barr, Secretary and Advocate; of the of City, according Detroit. Delos C. Culver, dispatch of Jersey of the 8th, Vice- had Presi- just to New declared York bankrupt. He was Midland Railroad been York & Oswego aggregated $8,000,000. dent of Company, the New and his liabilities of that 8th the says Fisk on A Stokes A the New morning was York arraigned dispatch of dispatch that for day. the of the murder 9th says of that Washington


Article from The Redwood Gazette, October 23, 1873

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badly wounded. The Spaniards were subsequently reinforced, and the insurgents driven back to their camp. The insurgents had also attacked Santa Cruz del Sur, but had been repulsed with loss of thirteen killed. Advices from the City of Mexico of the 2d via Havana 11th, say that Congress had decreed the separation of Church and State; the prohibiting or establishing of any religion; mar riage to be a civil contract; prohibiting the holding of property by religious institutions, etc. A Madrid dispatch of the 13th announces that naval battle had been fought off Cartagena between the Intransigente fleet and the national squadron. The fight lasted two hours, when the Insurgent vessels were com pelled to haul off and return to Cartegena in a badly damaged condition, and with a loss of thirteen killed and forty -seven wounded. Senor Mayer, member of the Junta, was killed. The East. A New York dispatch of the 7th, announces the suspension of Wylie, Knevals & Co. sugar-dealers. The New York State "Liberal" Convention met at Elmira, New York, on the 8th, appointed a State Committee and adopted resolutions congratulating the people upon the growing disposition to oppose any perversion of civil authority; reaffirming the principles set forth at Cincinnati more than a year ago; denouncing the Congressmen who voted for and retain the so-called back pay, and applauding those who returned it to the Treasury; regretting that the President should so mistake the morality of the American charac ter and disregard the honor of the American name as to officially sanction the bill. and charging the Republican party with the responsibility of its passage,and demanding itsrepeal; regarding as of the highest importance that the lines of transportation between the East and West be improved so that no interest can justly complain of the facilities afforded; deploring the corrupting influence of the great corporations, whereby agricultural interests are crippled, and the development of the country retarded; asserting that the eternal policy of the States and municipalities should not be interfered with by the Federal authorities; charging the Administration with being responsible for the recent disordered financial condition of the country, and regarding as of paramount importance a return to specie pay. ment. The convention also resolved that the thanks of all freemen are due to the tribunal which has vindicated the right of local trial by jury and the freedom of the press. A State ticket was nominated as follows: Secretary of State, Diedrich Willers; Comptroller, Nelson K. Hopkins; Attorney-General, Daniel Pratt; Treasurer, Thomas H. Raines: Canal Commissioner, James Jackson; Engineer, Syl vanus H. Sweet; States Prison Inspector, M. K. Platt. Benjamin Dean has been nominated for Congress by the Democrats of the Third Massachusetts Congressional District. Delos C. Culver, of Jersey City, according to New York dispatch of the 8th, had just been declared a bankrupt. He was VicePresident of the New York & Oswego Midland Railroad Company, and his liabilities aggregated $8,000,000. A New York dispatch of the 8th says that Stokes was arraigned for the murder of Fisk on the morning of that day A New York dispatch of the 9th says that currency had become more plenty, and that currency payments would soon be resumed by the various banking associations. The Na tional Trust Company had decided to resume in full on the 13th. Gold sold as low as 108% for greenbacks The firm of Gibson, Cazenova & Co. had failed. John T. Irving, who acknowledged to San Francisco detec. tive that he could indicate the murderers of Nathan, had reached New York. A dispatch from Reading, Pa., of the 9th, announces that Bushing & Bro., of that city, had suspended, with liabilities amounting to over $2,000,000. The only notable event in connection with New York finances, on the 10th, had been the decrease in the price of gold, which was sold as low as 1071/4 for greenbacks, the lowest price since the war. A New York telegram of the 11th says that George A. Clarke, Cashier: and Ticket-seller of the Union Pacific Railroad, had fled from the city, and deficiency of $10,000 had been found in his accounts. He is supposed to have used the money for speculative purposes during the panic. A Philadelphia dispatch of the 11th says that business matters were in a very critical condition. Several manufacturers have closed entirely for want of funds, and others are attempting to reduce the wages of their employes. Should the reduction be insisted upon a general strike will be the consequence. According to a New York dispatch of the 13th, the Clearing House Association had extended the period for the maturing of the loan certificates beyond November 10, if this form of relief should then be found necessary The National Trust Company had resumed business. The West. The Board of Equalization for the State of Illinois had completed its labors on the 7th. The estimated value of all lands in the State of Illinois, according to their opinion, was $1,245,760,454. An Indianapolis dispatch of the8th says that all work on the Canada Southern Rail road, in Northern Indiana, had been stopped by the Sheriffs of the several counties through which it runs, taking possession of all the company's property According to the Chicago. Journal of the 8th, the Third National Bank of that city had opened its doors again. A St. Louis dispatch of the 8th says that finances in that city had not worked as satisfactorily as was anticipated. The Union Bank suspended on that day and had decided togo into liquidation. A dispatch from Northwestern Iowa, of the 10th, says that great devastation had been caused on the preceding day by the accidental starting of a prairie fire near Kossuth. At last accounts the destroyer was still sweeping over Kossuth, Hancock and Winnebago counties, with little prospect of its ravages being stayed immediately. Vast quantities of hay, stock, farm machinery, and, in some cases, houses and stables had been burned. Dispatches from Oregon of the 13th say that the election for Congresen had passed off quietly. It was thought that Nesmith had been elected by a small majority. A San Francisco dispatch of the 13th says that Delche, notorious Apachechief, had left the reservation with 1,000 warriors, and gone upon thewar-path. General Crook had started in pursuit. A Cincinnati dispatch of the 18th announced