Exchange National Bank (Norfolk, VA)

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Government Loss

PETERSBURG, Va., April 3.-The United States government had on deposit in the Exchange National bank of Norfolk, which suspended resterday between $400,000 and $500,000. These funds are internal revenue collections made in the Second district of Virginia.

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MONETARY MSFORTUNEES

Prohibitionist McDonald a Heavy Loser by the Norfolk Bank Failure. SAN FRANCISCO, April 7.-Dr. R. H. McDonald, President of the Pacific Bank of this city, and who was a Presidential candidate before the Prohibition-Convention last year. is a creditor of the Exchange National Bank of Norfolk for nearly $200,000. He owned 1,000 shares of its capital stock, besides having about $70,000 on deposit in it. His son, when interviewed last night, admitted these facts, adding that should the amount prove a total loss his father could stand it without complaining. Dr. Me Donald is possessed of immense wealth, so the loss does not cause him the slightest embarrassment. ANOTHER NORFOLK CRASH. NORFOLK, VA., April 7,-Wallace & Son, planters, merchants and lumber dealers, of Norfolk county, to-day deeded property amounting to $151,000 to Bain & Bros. The same firm have assigned their interest in the Richmond Cedar Works in favor of Bain Bros. MUST PAY HIS OVEEDRAFT. MONTREAL, April 7.-In 'the suit of the Exchange Bank against Thomas Craig, late President of tye bank, for the amount of his overdrafts, judgment was to-day rendered for $183,000.

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THE Exchange National Bank of Norfolk Va., hassuspended. The United States had on deposit between $400,000 and $500,000, being Internal Revenue collections made in the Second District of Virginia.

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The Broken Norfolk Bank

ASHINGTON, April 8.-The Comptroller of the Currency is informed by the examiners in charge of the suspended Exchange National Bank of Norfolk that the bank is insolvent and will have to be placed in the hands of a receiver. The amount due to depositors alone is over $3,000,000. A committee representing the depositors waited on Comptroller Cannon to day and requested the appointment of a resident of Norfolk as receiver of the bank.

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THE SUSPENDED NORFOLK BANK

WASHINGTON, April 8.-The Controller of the Currency is informed by the examiners in charge of the suspended Exchange National Bank of Norfolk that the bank is insolvent and will have to be placed in the hands of a receiver. The failure the bank is recarded as a most

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The losses of the citizens of Northamption by the suspension of Exchange National Bank of Norfolk, are very large. They had on deposit there as well as can be ascertained from $75,000 to $100.000. The depositors from Accomac had in the bank from $5,000 to $8,000. It is claimed that the assets of the bank are greater than its liabilities, but it is not believed that 50 per cent. of deposits will be paid.

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Exchange National Bankof Norfolk, Va, will be placed in the hands of a receiver. Over $3,000,000 are due depositors alone.

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Exchange National Bank of Norfolk, Va, will be placed in the hands of a receiver. Over $8,000,000 are due depositors alone.

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Exchange National Bank of Norfolk, Va., will be placed in the hands of a receiver. Over $3,000,000 are due depositors alone.

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A young man blackened his moustacke with a lead comb and then took his girl out for a moonlight stroll. When the fair one appeared in the bright light of the family circle a couple of hours later, her face looked like a railroad map. A Mormon editor at Salt Lake City bad the following in a recent number: The unknown woman who was killed at this place three months ago by the cars, proves to be one of the wives of the editor of this paper.' ARREST OF FOUR BANK OFFICERS.The motion of the receiver of the Exchange National Bank before the United States Circuit Court, at Nor. folk, Va., on the 12th inst., to appoint a receiver to take charge of Bain & Bro.'s assets was denied. The plaintiff's attack was made on the ground of fraul and conspiracy to efraud the Exchange Bank. Warrants of arrest were then sworn ontby Bank Examiner Keyser against John B. Whitehead, late president of the bank; James G Bain. vice-president; Geo M. Bain, Jr., cashier, and R. T K. Bain, director. They were bailed In the sum of $10,000 each. | Tomatoes, cymblings and cabbage from the far South made their appearance in the Winchester market last week. Mr. William Montgomery, of this place, went to Cumberland last Mon. day in charge of two cans of young trout from Fish Commissioner Capt. C. S. White, which be shipped to Commissioner Miller, of Wheeling. An Englishman, looking down a list of American towns, came to those bearing the well-known names of Pawtneket, Shetucket and Nantucke 'Haw! haw !' ha exclaimed. 'Bless me, if the whole family didn't take it !'

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Indicted Bank Officials

NORFOLK, Va., Nov. 13.-In the United States circuit court to-day the grand jury presented bills of indictment for misapplying the funds of the suspended Exchange National bank, against the following parties: John B. Whitehead, president; George M. Bain, Jr., cashier; Thomas A. Bain and B. K. Bain. An indictment for false entry was presented against John B. Whitehead, George M. Bain, Jr., Orlando Winsom and C. E. Jenkins.

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Bank Officers Indicted

NORFOLK, Va., Nov. 13.-In the United States Circuit Court, to-day, the grand jury presented bills of indictment for misapplying the funds of the suspended Exchange National Bank against the following parties: J. B. Whitehead, president; G. W. Bain, jr., cashier; Thomas A. Bain and T. K. Bain. Indictments for false entry were presented against J. B. Whitehead, G. W. Bain, jr., Orlando Windsor and C. E. Jenkins.

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VIRGINIA NEWS.

The New York Tribune says "Senator Mahone has in preparation a statement showing that the republicans of Virginia were 'counted out' and just where and how it was done."

The democratic club of Wytheville has passed resolutions thanking the colored men of Wythe county who voted the democratic ticket at the late election, and assuring them of the hearty support of their white democratic friends.

At the session of the Baptist Association in Richmond yesterday Rev. J. A. Speight, of Norfolk, announced his intention to print in Norfolk a Baptist paper to be known as the Baptist Pilot. The session was occupied with routine business.

In the United States Circuit Court in Norfolk yesterday the grand jury presented bills of indictment, for misapplying the funds of the suspended Exchange National Bank, against the following parties: John B. Whitehead, president; George M. Bain, jr., cashier; Thomas A. Bain and R. T. K. Bain. Indictments for false entry were presented against John B. Whitehead, George M. Bain, jr., Orlando Windsor and C. E. Jenkins.

The Richmond correspondent of the Norfolk Ledger writes: It is said that Mr. W. C. Elam, the editor of the Whig, has been offered an important place on the editorial staff of the National Republican, of Washington. It is not improbable that the Whig will be purchased by some enterprising person and converted into a staunch democratic journal. The names of several prominent democrats have been connected with such a project.

A demonstration was held in Danville last night in honor of the recent democratic victory. The day was gloomy, but in spite of the rain a large crowd was present from the surrounding country. A procession was formed and paraded the streets between buildings brilliantly illuminated, and cheer after cheer went up as the procession moved. Speeches were made at the Star Warehouse by several speakers of prominence, and the occasion was full of enthusiasm.

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NORFOLK BANK OFFICERS INDICTED

In the United States circuit court in Norfolk yesterday, Judge Hughes presiding, the grand jury presented bills of indictment for misapplying the funds of the suspended Exchange National bank against the following parties: John B. Whitehead, president; George M. Bain, jr., cashier; Thomas A. Bain and R. T. K. Bain. Indictments for false entry were presented against John B. Whitehead, George M. Bain, jr., Orlando Windsor and C. E. Jenkins.

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Misapplying Funds

NORFOLK, Va., November 13.-In the United States Circuit Court to-day, the Grand Jury presented bills of indictment for misapplying funds of the suspended Exchange National Bank. against the following parties. John B. Whitehead, President; George M. Bain, Cashier; Thomas A. Bain and R. K. Bain. Indictments for false entry were also presented against John B. Whitehead, George M. Bain, Jr., Orlando Windsor and C. E. Jenks.

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and Elections

The following gentlemen from Norfolk are here under subpœna: C. W. Grady, commission merchant; W.H.White and Judge T.S.Garrett, lawyers; W. Peters, bank receiver, and Charles Sharp. They are all prominent citizens of Norfolk, and are understood to be personal friends of Mr. Goode. The investigation is to be a secret one. The witnesses are closeted in the adjoining committee-room, and are brought in one at a time before the subcommittee. The examination lasted an hour and a half. The charges against Gen. Goode were not made to the witnesses, but the inquiries made of them related to the appointment of Mr. Peters to be receiver of the Exchange National Bank, and so far as their replies went, they were emphatically in vindication of Gen. Goode, who is said to have been charged with receiving a fee for his services in securing the appointment. The witnesses said the appointment was made in compliance with the wishes of the business men of Norfolk. They had a hundred thousand dollars in the bank, and wished to have a man appointed receiver in whose ability and integrity they had confidence.

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secret one. The witnesses are closeted in an adjoining committee-room, and are brought in one at a time before the sub-committee.

The examination lasted about an hour and a half. The charges against Mr. Goode were not made known to the witnesses, but the inquiries 'made of them related to the appointment of Pe- ters to be receiver of the Exchange National Bank, and so far as their re- plies went they were emphatically in vindication of Mr. Goode, who is said to have been charged with receiving a fee for his services in securing the ap- pointment. The witnesses said the ap- pointment was made in compliance with the wishes of the business-men of Nor- folk. They had $100,000 in the insti- tution, and wished to have a man ap- pointed as receiver in whose ability and integrity they had confidence.

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THE CHARGES AGAINST MR. GOODE.-

As stated in Saturday's GAZETTE, Senators Hoar and Jackson, of the sub-committee on the judiciary appointed to investigate the charges against Solicitor General Goode, were in session Saturday morning. The examination lasted about an hour and a half. The charges against Mr. Goode were not made known to the witnesses, but the inquiries made of them related to the appointment of Mr. Peters to be receiver of the Exchange National Bank, and so far as their replies went they were emphatically in vindication of Mr. Goode, who is said to have been charged with receiving a fee for his services in securing the appointment. The witnesses said the appointment was made in compliance with the wishes of the business men of Norfolk.

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THE NATIONAL CAPITAL.

CHARGES AGAINST MR. GOODE

What He Says: He Has No Fear-The Norfolk Bank-Receiver Case, &c. [From Our Regular Correspondent.] WASHINGTON, D. C., March 2.- Mr. Goode says he has no other information in regard to the charges against him than what he has derived from the newspapers. Mr. Edmunds said to him that he would give him "due and timely notice if any charges were preferred that were worthy of his attention."

In regard to the charge that he received a fee for securing the appointment of Mr. Peters as receiver of the National Exchange Bank, Mr. Goode said the facts were as follows: He received his appointment as Solicitor-General on the first Monday in May. A month before that date he received a letter from Mr. Sharp, of Norfolk, representing the creditors of the bank, in which he was requested to appear before the Comptroller of the Currency and secure the appointment of Mr. Peters as receiver. General Hunton and H. Y. Garnett urged the appointment of T. S. Garnett, of Norfolk. After Mr. Peters was appointed Mr. Goode visited Norfolk, and in conversation with Mr. Sharp the latter remarked that Mr. Goode had rendered a service to the creditors worth a thousand dollars. Mr. Goode replied that if anything was to be paid $500 would be ample for the service. Upon a suggestion from Mr. Sharp Mr. Goode mentioned the matter to Mr. Grandy, chairman of the meeting of the creditors of the bank, and Mr. Grandy said Mr. Sharp was not authorized to make any agreement for the payment of a fee. Mr. Goode dropped the subject after this. No fee was contracted for and none was paid, but Mr. Goode thinks he might have charged a fee with as much propriety as if he had appeared before a court to perform a similar service. He has no uneasiness about the investigation in his case.

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DOWN BY THE SEA.

IN AND ABOUT NORFOLK AND PORTSMOUTH.

The Fisheries-A Heavy Gale Blowing-Confirmation-Randolph-Macon College-Another Dividend Declared.

[Correspondence of the Richmond Dispatch.] NORFOLK, March 10, 1886. The fisheries in Croaten sound are doing poorly on account of the ice and cold. Below that they are doing well. In Albemarle sound the seine-fisheries pay about one hundred dollars for each shad caught so far, they say. The fish are not well inland yet, and the weather is not sufficiently mild for good work. There is a heavy northerly gale on the coast to-day and it is disagreeably cold.

The wrecking steamer Resolute has gone on a cruise up Chesapeake bay looking for work.

Assistant Bishop A. M. Randolph is in Portsmouth to-day holding confirmation services at Trinity and St. John's churches.

Professor Smith, of Randolph-Macon College, who has been in the city for a day or two in the interests of the endowment fund, returned to Ashland last night.

The schooner Sarah C. Smith, which put into this port damaged and leaking, put to sea last night in tow of a tug for New York for repairs.

The receiver of the defunct National Exchange Bank has declared another dividend of 10 per cent.

The judge of the County Court has notified the Board of Supervisors that action must be taken in accordance with the vote of the people in 1880 to remove the court-house from Portsmouth and locate it in a more central section of the county. G.

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with any Chief Executive to lock the door upon the House and Senate and defeat all investigation. Mr. Spooner did not mean to imply that President Cleveland would abuse that power. It was no part of his argument to impeach the good faith of the President but he warned the Democratic side of the chamber that we were not dealing with this question for a day. The issue was one that would outlive us. As to the tenure-of-office law, Mr. Spooner criticised the President's expréssion " innocuous desuetude." The term always provoked a smile, Mr. Spooner said; but there was nothing to smile at. This was a Government of law, and he was sorry the Chief Executive of the republic should have used such words of any law that stood on the statute-books. It was a dangerous time when the President of the United States, with an oath registered in Heaven to take care that the laws should be faithfully executed," should send a message to the Senate saying that the statute had fallen into harmless disuse, though the statute remained on the books. If ever there was a time when there was need of respect for law, it was now when in many States thoughtful men were turning blanched faces to the future. How could the people be expected to yield cheerful obedience to the statutes when the first citizen of the republichimself charged with their executionwas heard asserting that the statute could harmlessly fall into disuse? But, Mr. Spooner said, the President did not believe his own statement. His acts had been better than his words. For he had sent in a large number of nominations of men to take places of officers suspended by him under authority of the very act to which reference had been made. At 5 o'clock. Mr. Spooner still having the floor, the Senate went into executive session, and in about half an hour, on the doors being reöpened, adjourned. House of Representatives. Mr. Negley, of Pennsylvania, asked unanimous consent to put upon its passage the bill to reimburse the National Home for Disabled Volunteers for losses incurred through the failure of the Exchange National Bank of Norfolk. Before the title of the bill was read, Mr. Beach, of New York, objected. Mr. Negley became indignant, but was helpless. The following committee reports were presented : By Mr. Harris, of Georgia, from the Committee on Ways and Means: Au. thorizing the establishment of exporttobacco manufactories and providing for drawbacks on imported articles used in manufacturing export tobacco. Referred to the Committee of the Whole. By Mr. Collins, of Massachusetts, from the Committee on the Judiciary To establish a uniform system of bankruptcy throughout the United States. Placed on the calendar. At the expiration of the morning hour the House again went into Com mittee of the Whole on the Indian appropriation bill. The consideration of the bill dragged drearily along, no amendments of any importance being offered. and such as were offered being usually ruled out on points of order after a long and uninteresting discussion. After finishing forty-two of the forty-eight pages of the bill the committee rose, and the House at 5:55 P. M. adjourned.

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THE SOUTHERN TELEGRAPH SUIT

In the case of Mahone vs. the Southern Telegraph Company, touching $80,000 of Southern Telegraph bonds held by W. H. Peters, receiver of the Exchange National Bank of Norfolk, and a claim for advances made thereon by Bain & Bros., and the exceptions to said report filed by John S. Wise, attorney for certain bondholders, the United States District Court at Norfolk has ordered that the exceptions be sustained, and that Bain & Bros. or their assignees have no claim whatever upon said bonds for any advances made by them; and the court also ordered that Receiver Peters surrender to Charles T. Barry, commissioner, the $80,000 bonds aforesaid, to be cancelled as invalid issues by said company. An appeal from that decree was granted. The court allowed a rehearing of a petition of C. C. Brown & Co., which had been denied last July, and it was argued at length by Col. Ingersoll, counsel for the petioners, and again the motion was overruled. Judge Hughes filed an elaborate opinion, showing that the $376,000 of bonds sought to be set up were never legally issued. An appeal was taken.

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A DECISION AFFECTING COUPONS &c-

In the U. S. Circuit Court in Norfolk yesterday, on considering the bill filed by the trustees of Bain Bros. praying for an injunction against J. M. Binford, treasurer of Portsmouth, restraining him from proceeding to collect some $600 of taxes for which coupons had been tendered, Judge Hughes declined to entertain the bill, on the ground that the amount in dispute did not exceed $2,000, as required by the Tucker amendment to the judiciary act passed by Congress on the last day of its recent session. This amended law puts an end to coupon suits in the Federal courts of the State, except in a few cases.

The court also heard argument in the suit of the National Exchange Bank of Baltimore against Wm. H. Peters, receiver, in which the plaintiff claims full payment of $12,000 due it on two checks given it by the Exchange National Bank of Norfolk a day or two before its failure; decision reserved.

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PUSHING THE WORK

THE CHOWAN SOUTHERN RAILROADGREAT EXPECTATIONS. General News Notes in Norfolk and Portamouth-The Broken Home BankPersonal. Correspondence of the Richmond Dispatch.] NORFOLK, February 1, 1889. The Chowan Southern railroad is 80 tar completed that trains are expected to run through from Norfolk to the Roanoke river by the 1st of March, and then the work will be concentrated on that portion of the road between the Roanoke and Tarboro', N. C. The bridge across the Chowan river was finished several days ago, and work going ahead rapidly on the extensive drawbridge across the Roanoke, with its five granite piers and 1.200 feet of trestle-work. Not a day is lost in the construction of the road, and the contractors will all get through on time. The warehouses and wharves here willall be ready in time. Great things are expected of this new feeder by the businessmen of Norfolk. The depositors of the collapsed Home Bank have appointed a committee to take legal steps against the officers of the bank for making false statements and obtaining money under false pretences. The report of the experts stated that the various entries made in the last published statement of the officers were not justified by the facts brought out in the investigation of the books of the bank. The cashier is in Boston. It IS freezing cold here to dar and there WAS a flurry of snow last night. The change is to a certain extent desirable. Mr. Jordan B. Blackburn, a popular merchant of Norfolk. and Miss Fannie B. Spindle, daughter of C-ptain Joseph C. Spir die, of Essex county, were married here last eve. sing. and left on the Chesapeake and Ohio line for the West. Commodore A. E. Bateman is president of the new company organized to operate the Gosport cotton-docks and the Seaboard compress-works. in this city, All this property sold for less than half of what it was valued at when the Exchange National Bank failed. Mr. Charles H. Johnston, a popular busi. ness- and hotel-man of this city, has been appointed manager of the Ocean House. in Portsmouth, for the Atlantic and Danville railroad. During last month there were thirty-one marriages in this city: in Norfolk county twenty-six, and in Portsmouth nine. William Mitchell (colored), of this city, has been arrested and committed to jail in Suffolk for a forgery committed here. This morning Detective W. Wilbern left for Lynchburg with a twelve-year-old runaway named Harvey Miller, who has been at work in a feed store here for three months. During last month there were thirty-one deaths in Portumouth. The city is thronged with strangers and the hotels are all full. R. T. K. Bain and L. W. Buskey are on their way to the Albany peuitentiary. This morning United States Commissioner C. T. Barry sent on for trial a negro man named Andrew Wright, charged withfalsely representing bimself at the post-office and obtaining possession of A letter belonging to another party and containing $58, which money Wright spent in spreeing. Captain Mordecai, of the police department, arrived to-night from Wilmington, N. C., with the forger Barnes. The captain and crew of the disabled teamer Rescue arrived here to-day from North Carolina. The rescue will be towed LO Philadelphia for repairs.