1137. Pioneer Land & Loan Bank (San Francisco, CA)

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: October 8, 1877
Location: San Francisco, California (37.780, -122.419)

Metadata

Model: gpt-5-mini
Short Digest: 5b5b0a75

Response Measures

None

Description

Multiple dispatches (Oct 8–11, 1877) report the Pioneer Land & Loan Bank of San Francisco suspended, a receiver recommended/appointed, and the vault contents and assets shown to be largely worthless or hypothecated. Cause is bank-specific (fraud/mismanagement/overissue of Safe Deposit Company stock and bad real-estate investments). No newspaper describes a depositor run prior to suspension; the bank was placed in receivership and adjudged bankrupt, so classified as suspension leading to permanent closure/receivership.

Events (5)

1. October 8, 1877 Other

Newspaper Excerpt: He recommends the appointment of a receiver and restraining by law of all holders of securities from sacrificing same.
Source: newspapers

2. October 8, 1877 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Heavy payments and withheld aid precipitated suspension; assets concentrated in real estate, heavily mortgaged; over-issue/hypothecation of Safe Deposit Company stock and alleged mismanagement/fraud by manager J.C. Duncan and associates led to insolvency.
Newspaper Excerpt: J. C. Duncan, manager of the Pioneer Land and Loan Bank, announces this morning that the heavy payments required to-day and the withholding of aid depended upon forces the bank into liquidation.
Source: newspapers

3. October 9, 1877 Receivership

Newspaper Excerpt: P. J. White has been appointed receiver of the bank.
Source: newspapers

4. October 10, 1877 Other

Newspaper Excerpt: The vault of the Pioneer bank was opened to-day by C.J. White, the receiver. In it were found ... about $960 in silver ... examination showed 4,149 bogus shares.
Source: newspapers

5. November 15, 1877 Other

Newspaper Excerpt: In the United States District Court today, Judge Hoffman adjudged the Pioneer Bank bankrupt, and referred the case to Register Gitchell...
Source: newspapers

Newspaper Articles (21)

1. October 8, 1877 The Rock Island Argus Rock Island, IL

Article from The Rock Island Argus, October 8, 1877

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Gone Into Liquidation. SAN FRANCISCO, Oct., 8.-J. C. Duncan, manager of the pioneer land and loan bank, announces this morning that the heavy payments required to-day and withholding of aid depended upon. forces the bank into liquidation. Assets, con sisting of real estate at cost price, $1,254, 000; liabilities, $1,213,000. The manager stated that every bing possible has been done to sustain the bank, including the sacrifice of his OWD means to the last dollar. He reccommends the appointment of a receiver and restraining by law of all holders of securities from sacrificing same. Another dispatch says: The failure of the Pioneer bank has DO significance, as regards the status of other sayings and loan banks of the city. The business of the bank was conducted on a basis peculiar to itself. The assets, instead of being loaned out on usual securities, were in main, directly invested in real estate, rents. and the increase in value of which were looked to for profits of the institution. It is rumored on the street that the present complications arise in part, from the bank backing up parties engaged in shortening in stocks, the recent rise in the market exercising a disastrous effect on speculation.

2. October 8, 1877 Public Ledger Memphis, TN

Article from Public Ledger, October 8, 1877

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Failure of a California Bank. SAN FRANCISCO, October 8.-J. C. Duncan, manager of the Pioneer Land and Loan Bank, announces this morning that the heavy payments required to-day and the withholding of aid depended upon forces the bank into liquidation. Assets, consisting of real estate at cost price, amount to $1,254,000. Liabilities, $1,213,000. The manager states that everything possible has been done to sustain the bank, including the sacrifice of his own private means to the last dollar. He recommends the appointment of a receiver, restraining by law all holders of securities from sacrificing the same.

3. October 9, 1877 Daily Kennebec Journal Augusta, ME

Article from Daily Kennebec Journal, October 9, 1877

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CALIFORNIA. Suspension. SAN FRANCISCO, October 8. The Pioneer Land and Loan Bank in this city, has suspended. The liabilities are reported to be two million dollars, with assets of one million dollars. A receiver will probably be appointed. Tha failure of the Phoneer Land & Loan Bank has no significance as regards the status of other savings and loan banks of the city. It is rumored on the street that the present complication arise in part from the bank backing up parties en gaged 10 shorting stocks, the recent rise in the market exercising a disastrous effect on that spec ulation.

4. October 9, 1877 Evening Star Washington, DC

Article from Evening Star, October 9, 1877

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ANOTHER BANK GONE-The manager of the Pioneer Land and Loan Bank of San Francisco announces its suspension and asks for the appointmentof a receiver. The assets of real estate at cost price are $1,251,000, and the liabilities $1,213,000.

5. October 9, 1877 Gold Hill Daily News Gold Hill, NV

Article from Gold Hill Daily News, October 9, 1877

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SAN FRANCISCO. The Failure of the Pieneer BankA Model President-J. c. Dus. cau to be Arrested, If He Can be Found. [SPECIAL TO THE GOLD HILL DAILY NEWS.] SAN FRANCISCO, October 9.-The failure of the Pioneer Bank threatens to prove no joke to depositors, but decidedly the best joke of the season comes to the surTace in an interview with a Call reporter had to-day with Thomas Gray, President of the suspended bank. It is proper to state, as a preface to the interview, that Mr. Gray is a very straightforward, blunt spoken style of a man, who bears a high reputation for integrity, but as regards his reputation as a financier he never had any-good, bad or indifferent. He is father-in-law of W.T. Duncan, to which fact he probably owed his position as President. On being approached by a reporter with the customary request for information concerning the affairs of the bank, he was at first disposed to be uncommunicative, but on being pressed broke out as follows: I don't want to say anything about the affairs of the bank. I don't know anything about them ; I never did know anything about them and I don't want to know anything about them. All I know is that when I was hard-up for the necessaries of life I was appointed President at a salary which would about keep a dog. I went in there, sat at my desk and drew my salary-and that's all I ever did. I never knew what was going on in the bank. Duncan never told me anything about it, and no one paid any attention to what I had to say. I didn't know anything about how things stood on Saturday, and supposed everything was as usual. This morning I received a note from Mr. Duncan telling me not to go down to the bank. I didn't know what to make of it; I thought I had been discharged, until I looked in the papers and found the d-n thing had busted : and now where's my salary?" Warrants to-day were issued for the arrest of J. C. Duncan, manager of the Pioneer Bank and principal stockholder of the Safe Deposit Company, and Benjamin C. Lewarne, Secretary of the Safe Deposit Company, charged with being jointly concerned in over issue of the stock of the I Safe Deposit Company. The amount of over issue is not yet ascertained, but it is known to be large. The over issue was manipulated by Lewarne, who, in making transfers of the stock, would fill out new certificates, and after obtaining the signature of the President of the company (Eugene Casserly), would interpolate | words and figures to raise the face of the certificate ten or a hundred fold. These certificates were then hypothecated by Duncan, which raises the presumption that he and Lewarne put up the job between them. W. S. Lucky, secretary pro tem. of the company, will issue to-morrow a call for all the stockholders of the com( pany to send in their certificates to enable the officers to ascertain the amount of the overissue. So far as deposits in the vault .. of the company are concerned, everything is all right. The vault has three doors, the outer one of which can only be opened 1 by Frank Whitney, superintendent of the company's patrol. The second door had a : time lock, which could only be opened by Lewarne, while the third door was under the charge of Lucky, who, previous to his appointment as secretary pro tem., was assistant superintendent of patrol. The boxes in which deposits are kept can only be opened by depositors in the presence of guard The police of all the towns in

6. October 9, 1877 Alexandria Gazette Alexandria, VA

Article from Alexandria Gazette, October 9, 1877

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ed at Fernandina Saturday and three deaths Sunday. Yesterday there were five new cases and one death reported. Dr. T. P. Weiford, one of the physicians who went to Fernandina from Jacksonville when medical aid was asked, is among the sick, and was reported dying yes terday. There have been two new cases and one death from yellow fever at Port Royal, since Saturday. There have been forty-two cases in all. A dispatch from the Mayor of Port Royal yesterday says are in a deplorable condition here. There are now forty eight cases of yellow fever under treatment. One death has occurred since last night. We are in want of food, nourishment and means to procure nurses for the sick. There are not enough convalescents to care for the sick. At Columbia, S. C., yesterday, the colored ex-Congressman Smalls had a preliminary (X amination of the charges against him. Wood ruff testified that he paid Smalls $5,000 as a bribe to vote for a measure before the Legislature in 1873. Smalls was held to bail to abswer the indictment in the Circuit Court, which meets on the fourth Monday in October. Mr. Msxwell, Senator from Marlboro' county, in default of bail was imprisoned on 3 similar charge. These charges of bribery are connect ed with the prioting swindles by the Republican Printing Company, of which Voodruff was the head centre. His testimony is based upon a memorandum book he kept in short hand. Philadelphia Commandery No. 2, Knights Templars, which is making arrangements to attend the Paris Exposition of 1878, is in receipt of a letter from F. W. Seward, Acting Secre tary of State, which answers the question whether the commandery would be permitted to wear their side arms in France. The Acting Secretary informs the commandery that the French Government will accord them permission to wear their insignia in the meetings of their various corporations while in France, but that they should abstain from wearing them in public. The report of the commission to investigate the origin of the Patent Office fire declares that there is no foundation for the supposition that the fire was from an incendiary origin, or from spontaneous combustion. but are inclined to attribute it to a fire kindled of dry pine 00 the morning that the fire occurred in the ladies copying room in the basement, and that the sparks communicated to the roof through some defect in the flus. The temporary roof of the west wing was completed yesterday in time to shield that portion from the rain storm. The ministers composing the Preachers' Meeting of Richmond and Manchester have resolved themselves into an association to be known as the Duscau Monument Association, for the purpose of securing the crection of a suitable monument over the grave of the late Rev. James A. Duncan. Yesterday at a meeting of the miners em. ployed by the Susquehanna Coal Company, at Nanticoke, the men by 2 unabimous vote decided to resume work. They will receive a ten per cent. advance. Operations will begin as soon as the mines can be put in order. A St. Thomas dispated of yesterday's date says: The U. S. steamer Frolie, of the South Atlantic squadron, arrived at Thomas this morning, all well on board. A hurricane was encountered near Curacoa on the 23d ult., in which the vessel sustained severe damages. The Manager of the Pioneer Land and Loan Bank of San Francisco announces its susp ension and asks for the appointment of a receiver. The assets of real estate at cost price are $1,254, 000 and the liabilities $1,213,000. The readjusters at Amissville, Rappaban nock county, have resolved to vote for J. E. Massey for Governor, norwithstanding the fact that that gentleman is running as a candidate for the State Senate from Albemaric. At a late meeting of the Floyd Brigade, at which General G. C. Wharton presided, steps were taken for the erection of a monument to the memory of the late Gen. J. B. Floyd. E. Lawton, Daniel W. Lewis and Edward M. Spilman have been appointed revenue storekeepers and gaugers for the sixth district of Virginia. The United States Supreme Court met at Washington yesterday pursuant to adjoura ment. The Judges paid their repects to the President. Senator Patterson cluded the Marshal of the District of Columbia, who had the warrant for his arrest, by secreting bimself in the country house of A. R. Shepherd, of Washington. A Richmond, Ind., dispatch says Senator Morton has been improving slowly for the past 36 hours. He cannot be removed to Indian apolis, however, without endangering his life. Last Saturday Albert A. Ware, of Vermont, shot himself to death at the Girard House, Philadelphia. Senator Spencer, of Alabama, gives the as surance that be will be present in the Senate on the opening of Congress next Monday. The boiler at Schmeyer's Iron Works at Macangie, near Allentown, Pa., exploded yester day afternoon, killing a boy named Oswold. The Union Banking Company of Baltimore suspended yesterday.

7. October 9, 1877 The New York Herald New York, NY

Article from The New York Herald, October 9, 1877

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A CALIFORNIA BANK SUSPENDED. SAN FRANCISCO, Cal., Oct. 8, 1877. J. C. Duncan, manager of the Pioneer Land and Loan Bank, announces this morning that heavy payments required to-day and the withholding of aid depended upon forces the bank into liquidation. The assets, consisting of real estate, at cost price, are stated to be $1,254,000 and the liabilities $1,213,000. The manager states that everything possible has been done to sustain the bank, including the sacrifice of his own means to the last dollar. He recommends the appointment of a receiver and the restraining by law of all holders of securities from sacrificing the same. The failure has no significance as regards the status of other savings and loan banks of this city. The business of the bank was conducted on a basis peculiar to itself. The assets, instead of being loaned out on the usual securities, were in the main directly in vested in real estate, the rents and increase in value of which were looked to for the profits of the institution. It is rumored on the street that the present complicaLIONS arise in part from the bank backing up parties engaged in sporting stocks, the recent rise in the market exercising a disastrous effect on that speculation. A RESULT OF STOCK SPECULATION. The failure of W. T. Duncan, a member of the Pacific Stock Exchange, which has been announced, resulted from the failure or the Pioneer Bank, of which Mr. Duncan's father was manager. Young Duncan has been shorting Bouanza stock. backed by the bank. At a meeting of the creditors of the bank this afternoon a committee of five was appointed to take possession of the bank and report to the adjourned meeting of creditors. Bankers of this city say the failure was not unexpected by them, and the impression seems general that the affairs of the bank were badly managed and that the failure will prove disastrous to depositors.

8. October 9, 1877 New-York Tribune New York, NY

Article from New-York Tribune, October 9, 1877

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ANOTHER BANK FAILURE. THE SAN FRANCISCO LAND AND LOAN BANK SUSPENDED. SAN FRANCISCO, Cal.. Oct. 8.-J. C. Duncan, manager of the Ploneer Land and Loan Bank, announces this morning that heavy payments required to-day, and the withholding of aid depended upon, forces the bank into liquidation. The assets, consisting of real estate, at cost price are stated to be $1,254,000, and the liabilities, $1,213,000. The manager states that everything possible has been done to sustain the bank, including the sacrifice of his own means to the last dollar. He recommends the appointment of & receiver, and the restrainmg, by law, of all holders of securities from sucrificing the same. The failure of this bank has no significance as regards the status of other savings and loan banks of this city. The business of tue bank was conducted on a basis ресиliar to itself. The assets instead of being loaned out on the usual securi ies, were in the mana directly invested in real estate, the rents and increase in value of which were looked to for the profits of the institution. It IS rumored on the street that the present complications arise in part from the bank backing up parties engaged in snorting stocks, the recent rise in the market exereising a disastrous effect on that speculation.

9. October 10, 1877 Eureka Daily Sentinel Eureka, NV

Article from Eureka Daily Sentinel, October 10, 1877

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ver-issue of stock will probably I etermined to-day. sun Later. SAN FRANCISCO, October 9. The committee appointed at th neeting of the creditors of the Pionee and and Loan Bank yesterday, me 10 o'clock this forenoon, and com nenced an investigation into the a of the Bank. Kafahl, Cashier, o asked who the stockholder vere, said that in his opinion, for a ractical purposes, Mr. Duncan was he only stockholder in the bank. H that at the time of starting ti in 1869, a number of certificate stock were issued to other partie they were subsequently, from tin time, as circumstances favored, tal up by Mr. Duncan and pasted i he stock-book from whence they ha taken. The only persons the stock that Mr. Kafahl knew o W. N. Thompson, who has tw hares, and Mrs. Robinson, wh olds ten shares. All of these stock olders, except Mr. Dunean, wer redited on the books as depositor Ipon Mr. Kafahl's attention bein to the fact that sales of the stoc been noted in the newspapers : requent intervals, at large premium stated that be believed them to 1 herely "wash" sales, made for effec 'he first business done by the con nittee was the appointment of th ashier and one of the bookkeepers e bank to finish the posting of th ccounts for last Friday and Saturday Vhen this was completed. work wa ommenced on making a list of th reditors of the bank and the amount them. This will take some time complete. As regards the assets . bank, it is believed that investige will disclose very little encourage for depositors. The items of rea state which were incorporated in th tatement of assets published Monda norning, are all mortgaged heavily stock of the Safe Deposit Company hich also figured in the schedule, ha been hypothecated. It seems proi that if the depositors get te cent. of their money they will di rell. Stories are rife on apparently re ponsible authority that during las eek Duncan has had cappers" ou olieiting deposits in the bank, wit evident intention of providing him against necessities attendant upo burried departure. It is also state the show of gold and greenback the office of the bank, was to a con derable extent d-lusive, bogus ma being piled up behind the counte effect. It is reported that fou ago, a lady named Ruggles, wh been for some time, by great per stency, getting from Duncan install of her deposit in the bank. tin forced the balance from him at th uzzle of a pistol in his private office the petition of Q. Van Humine other stockholders, Judge Wheele appointed P. J. White receiver o institution. On a bond for $20,000 be approved by the Court, he is to take possession of all property o bank, together with the books, pa and vouchers; also to collect rent

10. October 10, 1877 The Wheeling Daily Register Wheeling, WV

Article from The Wheeling Daily Register, October 10, 1877

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The Pioneer Bank Failure. SAN FRANCISCO, Oc ober 9-A committee of stockholders to-day began an investigation of the affairs of the Pioneer Bank. The cashier, who aided, stated that Duocan was practically the sole stockholder. It is believed that very little will be left for the depositors, as the real estate included in the assets is heavily mortgaged, and the stock of the Safe Deposit Company, which con tituted the balance of the assets, has been hypothe. cated by Duncan. P. White has been appointed receiver of the bank. An examination of the certificates of the stock of the Safe Deposit Company, handed in by the holders, show an over issue of about 4,000 shares has been made, on which Duncan realized in the neighborhood of one hundred thousand dollars. The belief is that most of this has been swallowed up by the floating debt of the bank and that Durean has taken & comparatively small amount with him in the flight. W. T. Duncan, of the Pacific Exchange, and son of the absconding banker, denies that the bank has been affected by his stock speculations, and attributes the failure to unsuccessful real estate speculations. The police have not yet succeeded in finding any trace of either Duncan or Leraine. It has become evident that Dunkan has within the past week premeditated flight and has made preparations for it. Cappers have been employed by him to induce deposits of funds, 12 which they have been successful to a considerable extent. Every effort has been made to hinder the withdrawal of deposits from the bank. It seems to have been strictly a family concern. Thos. Gray, the father of Duncan, was the figure-head president, knowing nothing of the affairs of the bank; Lenwarne, the secretary, is Duncan's son-inlaw; Joseph Smedberg, trustee, bears 8 similar relation. The whole affair evinces the most reckless mismanagement and flagrant dishonesty in the conduct of the bank.

11. October 10, 1877 Mineral Point Tribune Mineral Point, WI

Article from Mineral Point Tribune, October 10, 1877

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SAN FRANCISCO is the scene of the last great bank failure. The Pioneer Land and Loan Bank, of that city, suspended payments Monday. Its liabilities are $1,113,000, and its nominal assets $1,254,000 mostly in real estate.

12. October 10, 1877 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, October 10, 1877

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CRIME. CALIFORNIA'S SPENCER. SAN FRANCISCO, Oct. 0.-A committee of stockholders to-day commenced an investigation of the affairs of the Pioncer Bank. The Cashier, who assisted, stated that Duncan was practically the sole stockholder. It is believed that very little will be left for depositors, as the real estate included in the assets is beavily mortgaged, and the stock of the Safe Deposit Company, which constituted the balance of the assets, has been hypothecated by Duncan. P. J. White has been appointed Receiver of the bank. The examination of the certificates of stock of the Safe Deposit Company banded In by the holders, show that an overlasue of about 4,000 shares has been made, on which Duncan has realized in the neighborhood of $100,000. The belief is that most of this has been swallowed up in floating the bank, and that Duncan has taken a comparatively small amount with him in his flight. W.T. Duncan, of the Pacific Stock Exchange, and son of the absconding banker. denies that the bank has been affected by his stock operations, and attributes the failure to unsuccessful real-estate speculations. The police have not yet succeeded in finding any trace of either Duncan or Lewarne. 11 has become evident that Duman has within the past week premeditated flight. and insule due preparation for it. Cappers have been employed by him to Induce the deposit of funds. In which they have been successful to a considerable extent. Every effort has also been made to hinder the withdrawal of deposits. The bank seems to have been strictly a family concern. Thomas Gray, father of Duncan, was the figurehead Prestdent, knowing nothing of the affairs of the bank. Lenwarne, the Secretary, is Duncan's son-in-law. J. R. Smedberg, the Trustee, bears a similar relation. The whole aflair evinces the most reckless misinapagement and flagiant dishonesty In the conduct of the bank.

13. October 11, 1877 The Wheeling Daily Register Wheeling, WV

Article from The Wheeling Daily Register, October 11, 1877

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The Pioneer Bank Failure. SAN FRANCISCO, October 10-The vault of the Pioneer bank was opened to-day by C.J. White, the receiver In it were found nine hundred and sixtyFIX dollars in silver, a ten dollar gold note, thirteen hundred dollars in checks, which are believed to be of no value, is lot of empty envelopes that had apparently contained securities, and some few miscellaneous bond of doubtful value. The examination of the depositors account will not be ended before to morrow evening. The committee examining the stock of the safe deposit find 4,149 bogus shares ID all From what is known of the condi tion of the real estate included in the noBELLS of the Pioneer Bank stock and of the toposits of the company in the same schedule, it seems doubtful if the depoitors of the bank can realize 5 per cent There are no tidings yet of either Dunan or Leworne

14. October 11, 1877 Eureka Daily Sentinel Eureka, NV

Article from Eureka Daily Sentinel, October 11, 1877

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LATER. Further Developments in the Dun. can Swindie-The Contested Elec. tion. SAN FRANCISCO, October 10. This morning the committee engaged in examining the stock of the Safe Deposit Company found 1,000 more shares of raised stock. To date the account stands 4,839 bogus shares, with 7,310 shares yet to beexamined. If the proportion thus far established holds good with the balance of the stock, the over-issue will amount to about 7,000 shares. The vault of the Pioneer Bank has not yet been opened. P.J. White, who was appointed Receiver yesterday, has not yet filed his bond, and the Committee of Depositors object to his serving, as not being satisfactory to them. It is probable, however, that he will take possession to day, on the filing of a bond. Meantime, at the instance of depositors' committee, the Cashier and Bookkeper of the bank are engaged in making out the accounts of depositors, of whom there are believed to be about 25,000. Thus far the accounts of 579 have been examined, showing $315,355 91 to their credit. Nothing has yet been heard of Dunean or Lewarne. By order of the County Court to-day, in the contested election cases of Justices of the Peace and Sheriff, a recount of the entire city vote was commenced, the contestants paying the expenses. Another recount will undoubtedly be ordered in the contests over the Chief of Police and County Clerk.

15. October 12, 1877 The Daily Dispatch Richmond, VA

Article from The Daily Dispatch, October 12, 1877

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California. CONTENTS OF THE SAFE OF THE PIONEER BANK FOUND TO BE WORTHLESS. SAN FRANCISCO, October 11.-The vault of the Pioneer Bank was opened to-day by the receiver. The contents were found to be worthless. The committee, in examining the stock of the Safe-Deposit Company, find 4,149 bogus shares.

16. October 13, 1877 Gold Hill Daily News Gold Hill, NV

Article from Gold Hill Daily News, October 13, 1877

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[SPECIAL TO THE GOLD HILL DAILY NEWS.] SAN FRANCISCO, October 12-3 P. M.An examination of the condition of the assets of the Pioneer Bank shows that, rating the value of Safe Deposit property at $800,000, placing what is believed to he a fair market valuation on pieces of real estate, admitting that 5.000 shares raised stock will have to be shouldered, and deducting what is due on mortgages, interest, drafts, etc., there will remain $142,000 to be divided among the depositors, which will give them about eleven per cent. It is proper to state that in the estimation of many competent judges the Safe Deposit property is not now worth in the market more than $600,000, or at most $700,000, though it cost over $900,000. The impression is gaining ground that Duncan remains in the city, and that the offer of a reward would insure his prompt production by the police. The sheriff to-day, on application of P.J. White, receiver of the Pioneer Bank, attached a number of trunks and packages belonging to J. C. Duncan, in the Overland warehouse, corner of Third and Townsend streets. The value of their contents is unknown. A woman named Mary Ann Carter fell down stairs at the Lafayette Hotel this afternoon while in a state of intoxication, and broke her neck. She was a native of Ireland, aged thirty years. General Sherman left for Washington this morning. In the Nineteenth District Court to-day Judge Wheeler denied the motion to set aside the decree divorcing Flora M. Pinney from George M. Pinney. It has been ascertained, to a reasonable certainty, that Charles Sweeney, the absconding secretary of the California Collateral Loan and Savings Bank, has departed in the direction of Arizona, and that he carried with him about $7,000, principally coin belonging to D. T. Meagher, stock broker.

17. October 13, 1877 Arizona Citizen Tucson, Florence, AZ

Article from Arizona Citizen, October 13, 1877

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TELEGRAPHIC NEWS Special Dispatches to THE CITIZEN, by United States Telegraph Line. PHENIX, October 12. - -The case of Dean for the killing of Wilson has been continued to the April term. SAN DIEGO, October 11.-Ohio has gone Democratic by 10,000 to 20,000. Legislature: Democratic majority on joint ballot about 30. Iowa has gone Republican by 20,000 to 25,000. Legislature: Republican majority on joint ballot about 60. The returns from both States are incomplete, but full returns will not af fect the general results. SAN DIEGO, October 12, 9 p. m.Ohio returns still incomplete. No change in the grand result. Iowa returns incomplete. The majority is greatly reduced by the greenback and temperance tickets. Chief Joseph and Nez Percés camp surrendered to Gen. Miles after being under fire three days. Our loss is only four. Harry Meigs died at Lima, Peru, on September 29, of softening of brain. His estate is probably insolvent. Gen. Crook has gone to Red Cloud and Spotted Tail agencies to superintend the removal of Sioux and Arapa hoes to new reserves on the upper Mis. souri. The Cuba insurrection has ended, the officers surrendering. Spain has paid the American Minister $570,000 for loss by American citizens in Cuba by the revolution. SAN FRANCISCO, October 12.-Currency 9734@981/8. Mullman & Co., importers of clothes, etc., have failed. Cross & Co., general importers and commission merchants suspended temporarily owing to death of senior partner at Valparaiso. Will resume Monday. Pioneer Land and Loan Bank, also Findly Bank .hut. Both great swindles.

18. October 17, 1877 The Lamoille News Hyde Park, VT

Article from The Lamoille News, October 17, 1877

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Henry W. Mann, cashier of the Stockyards $30,000 Company of Kansas City, Mo., shot his little daughter, aged three years, through Senator the heart, and then killed himself Patterson, of South Carolina, was arrested in Washington on a requisition of Gov. Wade Twenty acres of lumber were destroyed Hampton by fire in Hunter's Point, near New York city, causing a loss of over $200,000 William M. Tweed, in his examination before a committee of New York aldermen, testified concerning his relations with & number of politicians and newspapers that had denied his statement that they were at one time engaged in disreputable transactions with him. In support of his charge Tweed produced a number It is claimed of letters and official records. that the outrages on the Mexican border, which were attributed to Mexicans, were committed by American outlaws. Thomas McKay, while awaiting trial for burglary in the jail at Pittsfield, Mass., committed suicide by hanging himself with a rope The made from strips of his pantaloons Asiatic cholera is decreasing in China, but preThe Pavilion Hotel at vails in Japan Glen Cove, N. Y., was destroyed by "fire, and a loss sustained of about $20,000, which is fully covered by insurance ; Sterrett's livery stable at Erie, Pa., was burned together with thirteen horses ; a fire near Mechanicsburg, Pa., destroyed the barn of William Watts, with all its contents, including some live stock, causing a loss of $12,000 which is covered by insurance, and at West Troy, N. Y., the street car works of J. M. Jones & Co. were damaged by flames in the sum of $30,000, on which there is Colonel Henry R. Sibley, $12,000 insurance a respected resident of Boston, was found to have forged notes to the amount of about General Miles $6,000 and was arrested has whipped the Nez Perces Indians under Chief Joseph, inflicting severe punishment The Pioneer Land and Loan upon them Bank, of San Francisco, suspended payments. The assets are stated to be $1,254,000 and the liabilities $1,213,000 Two barges on the St. Lawrence, on their way to Quebec, were run into by a steamboat andsunk, and their cargoes of flour and corn, valued at over $100,000, will The Turks were victorious probably be lost in & battle before Kars in Asia Minor, the Russian losses amounting to about 15,000, while the Turkish loss is placed at 2,500.

19. October 20, 1877 The Donaldsonville Chief Donaldsonville, Gonzales, LA

Article from The Donaldsonville Chief, October 20, 1877

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oldest mail contractors in the United States, died in Harrisonburg, Va. Hon. Edward S. Pierrepont, minister to England, has tendered his resignation, to take effect December 1. Gilman, the forger of New York insurance scrip, pleaded guilty. and was sentenced to five years imprisonment. Capt. Elijah Wells, for thirty years editor of the Times at Port Tobacco, Md., died at that place, aged 60 years. The eighth anniversary of the declaration of Cuban independence was celebrated in New York last Sunday. Christian Schmidt, formerly secretary of a New York sugar refining company, who embezzled $14,000, has been arrested. With good management the assets of the suspended Pioneer Bank of San Francisco will net depositors eleven per cent. Edwin Adams, the eminent actor, is slowly?dying. Performances for his benefit have been given in several leading The El Paso mobs have dispersed, agreeing to let the law take its course. The arrival of troops brought the rioters their senses. Samuel W. Canfield, president of the Rockland, N. Y., Savings Bank, has been arrested, for compileity in embezzling money of the bank. Archbishop Gibbons of Richmond succeeds Archbishop Bailey as Archbishop:of Baltimore and Primate of the Catholic Church in America. At Toledo, Ohio, ex-Postmaster Dowling was kicked, seized by the beard and struek twice in the face by Acting Postmaster Alexander Rende. Elizabeth Davis, colored, was terribly burned while rescuing her sick child from a burning bed, ignited by an exploded coal oil lamp, at New Orleans. Witowski, indicted for passing fraudulent claim for logs, for Fort Negley, at Nashyille, was acquitted. This ends the prosecution against Gen. Negley. The house of a colored man in Haywood county, Tenn., was destroyed by fire, and his three children, locked up in the house, were burned to death. Salvadore Scadore, an Italian, was struck over the head with a billet of wood and fatally hurt by John Bell, a colored man, at New Orleans. The murderer escaped. Columbus Delano, Ex-Secretary of the Interior, was caned at Washington by Judge Wright, former Indian agent. Delatio had prosecuted Wright for alleged frauds. J. M. Brinkley, Assistant Attorney General under President Johnsoli, has disappeared mysteriously from his home in Milwaakee. He is believed to be insane. Russell, Lewis & Co., of Portland, largely engaged in the South American trade, and proprietors of the White Line of barges to Buenos Ayres, suspended, with heavy liabilities. The American schooner Idaho, reported to have contraband goods for the Cubans, has been placed under surveillance by the Spauish authorities while discharging her eargo at Ceinfuegos. Thirty-six young ladies from Bali timore, Philadelphia, New York, Roe chester, Newark, New Orleaus, Chicago, and a number of other places, t assumed the habit of school sisters of e Notre Dame, at Baltimore.

20. November 17, 1877 Eureka Daily Sentinel Eureka, NV

Article from Eureka Daily Sentinel, November 17, 1877

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PACIFIC COAST. EUREKA CONSOLIDATED DIVIDEND. Another Savings Bank Bursted. Other San Francisco Items. SAN FRANCISCO, Nov. 15. The workingmen held a meeting at the corner of Bush and Dupont streets this evening. The pleasant weather, and the prospect of speeches from a number of recently liberated leaders, called out a good attendance, and probably from 300 to 400 people were present. The orators all kept within the bounds of decorum. Kearney made his appearance last, and was received with enthusiasm. He spoke very briefly, and dismissed the crowd with an admonition to go home quietly and assemble 30,000 strong in front of the new City Hall next Sunday, each one with 25 cents in his pocket to be devot ed to the purpose of paying legal ex penses and erecting a ball for future meetings. From the guarded ulterances of the speakers, it was evident that they intended to steer clear of fur ther conflict with the authorities, but whether they were actuated by princi ple or policy is an open question. SAN FRANCISCO, Nov. 16. The Eureka Consolidated has declared a dividend of three dollars per share, payable Nov. 20th. The creditors of C. W. Kellogg, late Vice President of the Merchants' Exchange Bank. have filed a petition to have him declared an involuntary bankrupt. Claims against him aggregate about $400,000. of which over $300,000 is represented by the Merchants' Exchange Bank. His difficulties arose from stock operations. In the United States District Court today, Judge Hoffman adjudged the Pioneer Bank bankrupt, and referred the case to Register Gitchell for the taking of evidence and other necessary proceedings. The case of Blacklock and others, of the Gulf of California Oyster Canning Company, is now on trial, a jury having been obtained. The Collateral Loan Savings Bank, corner Kearney and Post streets, has been placed in the bands of a receiver. Manager of the bank, John Tyler, who seems to have been head and front of the whole concern, has been speculating in stock, principally with Cromer & Mar. aged to fleecesundry brokers.i various amounts aggregating about $65,000. He has also appropriated the deposits of the bank. amounting to some $24,OGO, only $600 or $700 in coin being found in the safe. Tyler was arrested to day and locked np. He is a young man, about 27 years old. and has hith erto borne a good reputation in the community. Other officers of the bank appear to know but little of its affairs, Tyler having had full control. The depositors number about 100. The Eeutive ommittee of Belief

21. February 26, 1878 Evening Star Washington, DC

Article from Evening Star, February 26, 1878

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Trance. A trud was heard, and the woman was found on the sidewalk horribly mangled. Her suicide was a very determined one, as she had to crawl out of the nursery window and upon a ledge above the windows of the fifth story, an appalling height from the street, and such to some throw clear herself railings forward below. with Falling impetus as she as did, into the paved street. she was of course killed instantly. The police, having to the fication, brought sidewalk received a common notistretcher, upon which she was placed. The body was carelessly covered over, and with the feet dangling was carried up Broadway three blocks and down 13th street to the station-house by four policemen, followed by a crowd of bootblacks and newsboys.-(N.) Y. World, th. A FUGITIVE BANK PRESIDENT'S PLAUSIBLE Excuses.-Joseph C. Duncan, the San Francisco bank officer whose mysterious disappearance and reappearance have been an. nounced. denies having been guilty of crime, says are as and his hands clean regards any misappropriation of funds. He accounts for the failure of the Pioneer Bank by the decline in business since the suspension of the Bank of California, and the usurious rates of interest he was compelled to pay on loans in order to keep the bank afloat. He saddles the charge of raising the figures on certificates of safe deposit stock upon Lawrence, his son-inlaw. He believes he can yet save the deposit. ors much from the ruins of the bank. INVESTIGATING THE COAL COMBINATION.The New York assembly committee on railroads, investigating the coal combination, met in New York yesterday and examined Presj. dent Dickson, of the Delaware and Hudson coal company. He testified that the first meeting of the combination was in March, 1877. Trade had been demoralized by excessive production, and it was proposed to limit the production to the demand. In May another meeting was held to advance prices fifty cents a ton, as prices then did not pay expenses. The meeting in December last was to regulate and make the trade uniform and central: hence the board of control. The organization has had but little effect. The result of the organization would be to advance the price and regulate trade. In reply to a question whether the combination could not advance the price $1 as readily as fifty cents he replied in the negative, and said there were other interests to subserve besides raising the price of coal. The blotting out of iron manufactures is the chief cause of the reduction of consumption, and the reduction is nearly fifty per cent. By the present arrangement the combination has proved satis. factory to consumers as well as producers. It would not be to the interest of the combination to advance the price unless the demand should require it. Coal had been sold in New York as low as $2.25 per ton, and as high as $13 and $14 per ton. He thought $2.75 would now cover all expenses of putting coal into the hands of consumers in New York. THE EXODUS OF FREEDMEN.-The Rev. Dr. Henry M. Turner, who has been traveling through the southern states, says that the Liberian colonization scheme has taken a firm hold upon some of the betterelass of freedmen. Several hundred colored persons are now awaiting the arrival at Charleston of the bark Azor (purchased with money raised entirely by freedmen), which is to take them to Libe ria. The South Carolina Conference of the A. M. Church has appointed a minister to go with the expedition as the representative of the church.