12627. Dime Savings Institution (Newark, NJ)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
savings bank
Start Date
December 13, 1877
Location
Newark, New Jersey (40.736, -74.172)

Metadata

Model
gpt-5-mini
Short Digest
4d2dfb657057716b

Response Measures

None

Description

Contemporary reports (Dec 13, 1877) describe a run on Newark savings banks; the Dime checked withdrawals by enforcing the 90-day/three months' notice. Later (Feb 24–25, 1878) managers petitioned Chancellor Runyon and the court ordered limitation of payments to 20% and appointed a special master (formal suspension under chancery). Payments of 20% began; subsequent reports show further dividends and partial repayment through 1880. Sequence: run → court-ordered suspension (chancery) with partial payments → later additional dividends, so classified as run_suspension_reopening. OCR errors corrected (e.g., three months' / ninety-day rules and dates).

Events (3)

1. December 13, 1877 Run
Cause
Local Banks
Cause Details
Panic spread from failures/trouble at the Newark Savings Institution and other local banks, producing runs on Newark savings banks
Measures
Enforced the 90-day/three months' notice rule to prevent immediate payments
Newspaper Excerpt
The Dime bank checked their run by requiring three months' notice
Source
newspapers
2. February 24, 1878 Suspension
Cause
Government Action
Cause Details
Managers petitioned the Court of Chancery for protection; court limited payments to 20% and appointed a special master, effectively suspending normal payments
Newspaper Excerpt
The managers ... applied to Chancellor Runyon ... Chancellor Runyon granted an order preventing the bank from paying more than 20 per cent. to depositors
Source
newspapers
3. February 25, 1878 Reopening
Newspaper Excerpt
Payment of the 20 per cent to depositors will be begun to-day, and preparations have been made for the anticipated run. The Dime Savings Institution continues to pay out the twenty per cent ordered by the Chancellor, but ... there is nothing like a real active run. The average payments daily in gross are about $7,000. . . . (later) the Dime 40 per cent. ... managers expect to pay another dividend of 10 per cent before January 1, 1881 (reports in 1880). (compressed from multiple articles).
Source
newspapers

Newspaper Articles (21)

Article from The Sun, December 13, 1877

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At 3% o'clock the throng in front of the bank were intensely excited by the statement that the Dime Savings Bank. of which Mr. John MeGregor is President, had decided that it would not pay any more deposits without a three months notice. This news, coupled with the tast that th ree or four banks had failed or suspended in Newark last summer, created great distrust among the people. and fears were entertained that a panic would be created and a general run be made upon the other banks today. But when the Newark Savings Institution closed its doors. at o'clock. confidence seemed to be restored. and a number of depositors had handed back their deposits. The general opinion among bankers was that the bank would pay from seventy-five to ninety cents on the dollar. perhaps more if not crowd. ed too hard by the depositors. The securities are good if they can be held for an advance. In their notice to depositors the managers say that they have a very large amount of securities which can be turned into cash at once, but a much larger amount in bonds and mortgages and other securities which cannot be converted into money without much delay. They hope that under wise restrictions and careful management the assets will prove ample to pay all depositors in full. But they are satisfied that the prevailing distrust may cause such H withdrawal of funds as will exhaust their cash assets for the benefit of those who shall first apply. and leave the other securities for those who are reluctant or unable to demand payment. They feel it to be their duty to prevent this injustice, and to do all in their power to secure perfect equality. and to promote confidence in the ultimate safety of the funds in their charge.


Article from The Dallas Daily Herald, December 14, 1877

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A Run On the Savings Banks-The Excitement Subsided. NEWARK, N.J., December 13,-The excitement to-day, which extended to all the savings banks, subsided towards night. The Newark Savings bank paid all applicants eighteen per cent. The amount drawn was $25,000, and $24,000 of it was newly deposited. The managers express confidence that depositors will ultimately lose nothing. The Howard Institute paid depositors in full as fast as they appeared The managers have determined to continue the payment asrapidly as the clerical force will allow. The Dime bank checked their run by requiring three months' notice, and "hope to resume payments soon if not suddenly compelled to convert their securities. The German bank, a small institute, is not yet affected, but will adopt the three months notice rule if affected.


Article from The Wheeling Daily Intelligencer, December 14, 1877

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A Little Panicky. NEWARK, December 13.-The excitement extended to all the savings banks to day, but subsided toward night. The Newark Savings Bank Institution paid all the applicants 18 per cent. They numbered 500, but only half drew their money. The amount drawn was $25,000, and $2,400 newly deposited. The mana. gers express confidence that the depositors will lose nothing. It is stated that the Board, comprising the Governor, Sec. retary of State and Comtroller, met today and sustained action of the Chancellor. The Howard Institution paid their depositors in full as fast as they appeared, together with 21 per cent interest. The Dime Bank checked the run by requiring three months notice and hope to resume payments soon, if not suddenly compelled to convert their securities The German Bank, a small affair, is not yet affected but will require three months notice if pressed.


Article from The Wheeling Daily Register, December 14, 1877

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Financial Flurry in Newark, N.J. NEWARK, December 13.-The excitement extended to all the savings banks to day, but subsided toward night. The Newark Savings Bank Institution paid all applicants 18 per cent. They numpered 500, but only half drew their money. The amount drawn was $25,000 and $2,400 was newly deposited. The managers express the confidence that the depositors will lose nothing, It is stated that a board comprising the Governor, Secretary of State and Controller met to-day and sustained the action of the Chancellor. The Howard Institution paid the depositors in full as fast as they appeared, together with 21 per cent. interest. The Dime bank checked the run by requiring three months' notice, and hope to resume payments soon, if not suddenly compelled to convert their se. curities. The German bank, & small affair, is not yet affected, but will require three months' notice if pressed.


Article from The Portland Daily Press, December 14, 1877

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The Savings Bank Panic in Newark. NEWARK, N. J., Dec. 13.-The excitement extended to all savings banks today, but sub. sided toward night. The Newark Savings Institution paid all applicants 18 per cent. They numbered 500, but only half drew their money. The amount drawn was $25,000, and $2400 were newly deposited. The managers express confidence that the depositors will ultimately lose nothing. The state board, comprising the Gov. ernor, Secretary of State and Controller, met today and sustained the action of the Chancellor. The Howard Institution paid its depositors in full as fast as they appeared, together with 21 per cent. interest. The bank is very strong in government and other equally available securities, and the managers are determined to continue payments as rapidly as the clerical force will allow. The Dime Bank checked their run by requiring three months' notice, and hope to resume payments soon if not suddenly compelled to convert its securities. The German bank, a small institution, is not yet affected, but will require three months' noice if pressed.


Article from Daily Kennebec Journal, December 14, 1877

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NEW JERSEY. Bank Matters. NEWARK, December 13. The excitement extended to all the Savings Banks to-day, but subsided toward night. The Newark Savings Institution paid all applicants 18 per cent. They numbered 500, but only half drew their money. The amount drawn was $25,000, and $2,500 were newly deposited. The managers express confidence that the depositors will ultimately lose nothing. The State Board, comprising the Governor, Secretary of State and Controller, met to-day and sustained the action of the Chancellor. The Harvard Institution paid its depositors in full, as fast as they appeared, together with 2 1-2 per cent. interest. The bank is very strong in government and other equally available securities, and the managers are determined to continue the payments as rapidly as the clerical force will allow. The Dime Bank checked their run by requiring three months' notice, and hope to resume payment soon, if not suddenly compelled to convert its securities. The German Bank a small institution, is not yet affected, but will require three months notice if pressed.


Article from The Daily Dispatch, December 14, 1877

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Financial and Commercial Troubles. THE EXCITEMENT AMONG THE NEWARK BANKSTHE DEFUNCT PATERSON INSURANCE COMPANY-THE HILDREDTH DEFALCATION. NEWARK, N. J., December 13.-The excitement to-day extended to all the savings banks, and subsided toward night. The Newark Savings Institution paid all applicants eighteen per cent. The amount drawn was $25,000, and $2,400 were newly deposited. The managers express contidence that the depositors will ultimately lose nothing. The Howard Institution paid depositors in full as fast as they appeared. The managers have determined to continue the payments as rapidly as the clerical force will allow. The Dime Bank checked their run by requiring, three months' notice, and hope to resume payments soon if not suddenly compelled to convert their securities. The German Bank-a swall institutionis not yet affected, but will adopt the three months'-notice rule if pressed. PATERSON, N. J., December 18.-An inventory of the defunct Paterson Fire-Insurance Company shows "the liabilities to be $450,000, including $200,000 capital; assets, $65,000; NEW YORK, December 13.-The amount of defalcation in the Watson J. Hildreth & Co. collecting agency is over $200,000. Many of the shrewdest merchants in town are among the victims. Investigations of numerous other similar institutions have already begun under the impulse of this failure.


Article from The Daily Gazette, December 14, 1877

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A RUN ON NEWARK BANKS. NEWARK, N. J.. December - -The exeitement to day extended to all the sav. ings banks, but subsided before night. The Newark savings institution paid all applicants 18 per cent. The amount drawn was $25,000, $24,000 was newly deposited. The managers express confidence that depositors will ultimately lose nothing. The Howard institution paid depositors in full as fast as they appeared, and the managers have determined to continue payments as fast as their clerical force will allow. The Dime Bank checked their run by requiring three months' notice, and hope to resume payments soon, if not suddenly compelled to convert securities.


Article from New-York Tribune, December 14, 1877

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DEPOSITORS ALARMED. RUN ON THE NEWARK SAVINGS BANKS. RETURNING CONFIDENCE IN THE SAVINGS INSTITUTION-THE HOWARD BANK PAYING ALL DEMANDS-THE DIME REQUIRING THREE MONTHS' NOTICE. The run on the Newark Savings Institution decreased somewhat yesterday, confidence being restored apparently by the Chancellor's action of the day before. The excitement, however, had extended to the depositors in the Howard and Dime Savings Institutions. A run upon the Howard followed, but all demands for money were promptly met. The run upon the Dime Bank was prevented by enforcing the rule requiring three months' notice.


Article from The Sun, December 16, 1877

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SUBSIDING. Speculators Offering to Buy Claims Against the Newark Savings Banks. The alarm of the depositors in the savings banks of Newark has subsided. Theoffer of a speculator to buy claims against the Newark Savings Institution at sixty center on the dollar, and take the risk. allayed the fours of depositors in that bank. and not above sixty persons drew their 18 per cent. yesterday. The run on the Howard Savings Bank was continued but at 2 o'clock twenty persons only were writing, There were no throngs in front of thebank No busin S8 was done at the Dime Savings Lastitution. It did not pay out a dollar, the ninety days rule being strictly adhered to. Persons who called to make deposits were advised to keep enough money for their immediate needs. HS the bank would not resume pay ments untileon fidence is restored. There was no excitement at the German Savings Bank either.


Article from The Wheeling Daily Intelligencer, December 18, 1877

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NEW YORK. ) / NEW YORK, December 17.-The - cat show opened to day in the American , Museum. The cats are of all degrees, 1 sizes and colora. There is one cat with double toed web feet, an 18 year old cat that has never had a tooth and eats like a monkey, a prolific cat performing, a cat that does tricks and goes in a cage with ) birds without devouring them, and a cat 3 that plays with children. The run on the Dime Savinga Bank, at ( Newark, has nearly ceased. 5 THE CRESCENT AND CROSS SOCIETY. , a The Crescent and Cross Society has dissolved. Their recent ball netted seven ) thousand dollars, a portion of which has been transmitted to Russia and Turkey. The City Chamberlain has received from the Attorney General a check for $443,982, the amounts received from Peter B. Sweeney and Elbert A. WoodA ward, in settlement of suits against them f to recover part of the money stolen from the city by the Ring. a


Article from The Elk County Advocate, December 20, 1877

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Newark, December 13.-The excite ment to-day extended to all the savings banks, but subsided toward night. The Newark Savings Institution paid all applicants eighteen per cent. The amount drawn was $25,000 and $2,400 were newly deposited. The managers express confidence that the depositors will ultimately lose nothing. The Howard Institution paid depositors in full as fast as they appeared and the managers have determined to continue payments as rapidly as their clerical force will allow. The Dime Bank checked their run by requiring three months' notice and hope to resume payments soon if not suddenly compelled to convert securities. The German Bank, a small institution is not yet affected, but will adopt the three months' notice ruleif pressed.


Article from The Leavenworth Weekly Times, December 20, 1877

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BANK EXCITEMENT. The Failure of the Newark State Savings Institution Causes Considerable Excitement Among the Other Banks. NEWARK, N.J., December 13.-Excitement is extending to all the saving banks, to-day, but subsided towards night. The Newark Savings Bank Institution paid all applicants eighteen per cent. They numbered 500, but only half drew their money. The amount drawn was $25,000, and $2,400 were newly desposited. The managers express confidence that the depositors will nltimately lose nothing. The tate Board, comprising the Governor, Secretary of State and the Comptroller, met, to-day, and sustained the action of the Chanceller. THE HOWARD INSTITUTION paid its depositors in full as fast as they appeared. with two and a half per cant. interest. The dime bank checked their run by requiring three months' notice, and hope to resume payments, soon, if not suddenly compelled to convert its securities. The German Bank, a small institution, is not yet affected, but will require three months' notice, if pressed.


Article from Vicksburg Weekly Herald, December 21, 1877

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SHAKY SAVINGS BANKS. Excitement is Newark, New Jersey-SevCORAZ eral Banks Affected. NEWARK, N. J. Dec. 13-The excite. ment to-day extended to all Savings Banks. The Newark Savings Bank paid all applicants 18 per cent. The amount drawn was $25,000. and $24,000 were newly deposited. The Managers express confidence that depositors will ultimately lose nothing. More ad) to The Howard Institution paid depositors in full as fast as they appeared, and are determined to continue paying as soon as clerical force will allow. The Dime Savings Bank checked a run by requiring 90 days notice. The German Bank, a small institution, is affected, but will adopt the three months' notice rule if pressed.


Article from The Sun, February 24, 1878

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ONE MORE BANK IN TROUBLE The Dime Snvings Institution of Newark Put In the Chancellor's Hands. The managers of the Dime Savings Institution of Newark made application last night to Chancellor Runyon for an order like the one he granted in the case of the Newark Savings Institution on the 12th of December. The Dime Bank took advantage of the ninety-day rule at that time. and has not paid a dollar to its depositors since. In the petition the managers say that they apply to the Court of Chancery for relief in order to protect the depositors. The bank holds $200,000 worth of Chesapeake and Ohio Railroad bonds and $700,000 in bonds and mortgages, and if forced to realize on them now it would sustain a heavy loss. Besides, if the bank resumed payment at the expiration of the ninety days' notice, some depositors would get alltheir money and others would have to go without. because the bank could not pay out more money than it could realize from its investments. The prevailing loss of confidence in savings banks, the recent trouble of the Rahway, Trenton, Jersey City. and Plainfield banks. following so quickly after the disaster to the Newark Savings Institution, together with the factthatthe bank held $200,000 of the Chesapenke and Ohio bonds. were the causes which moved the managers to apply for protection. Chancellor Runyon granted an order preventing the bank from paying more than 20 per cent. to depositors on the total amount of their deposits until further notice from the Court of Chancery. He appointed Mr. William Silas Whitehead, special Master in Changery. to make an examination of the assets and liabilities of the bank. and to investigate its past management. The following is the annual report made to the State authorities on Feb. 1, 1878, by the Treasurer, J. D. Orton:


Article from The New York Herald, February 25, 1878

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NEWARK'S DIMES. NO EXCITEMENT OVER THE SUSPENSION OF THE DIME SAVINGS INSTITUTION. In view of the fact that ever since the suspension of the Newark Savings Institution and the taking advantage by the Newark Dime Savings Institution of the three months' notice privilege, there has been a general expectancy that the "Dime" would, like the first named concern. have to take the benefit ot the Chancellor's act. The puolication, yesterday, 01 the proceedings before and by Chancellor Runyon caused little or no excitement or surprise. Practically, the bank has beon suspended since December 12, when It stopped paying depositors. The institution was organized in 1864 and for nine years had a constaut stream of prosperity, its depositors in 1873 numbering 13,000 and amount of deposits being $2,700,000. Since then the number of depositors has lalieu uway about 2,000 and the amount of deposits to about $1,633,000. AS already reported in yesterday's HERALD, the weak spot in the present condition of the bank IS the $200,000 worth 01 Chesapeake and Ohio bonds 01. the same character as those held by the Newark Savings Institution to the amount of over $2,000,000. Besides, as the officers and managers set 10rth III their application to the Chancellor, the assets of the bank have depreciated so that the rull Value of the bonds and mortgages could not be realized by forcing payments or sales. Furthermore, there was drawn from the bank by depositors during the six weeks from November 1 10 December 12, 1877, the sum of $228,900. The petitioners to the Councellor declare that their application is in the interest chiefly of the poorer class ot depositors, and express the belief that with luture careful management of their trust, under the direction of the Chancellor, they will be able to secure the depositors against loss.


Article from New-York Tribune, February 25, 1878

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LOCAL MISCELLANY. ASKING TIME FROM CREDITORS. SUSPENSION OF W. A. RANSOM & CO.-CONDITION OF THE DIME SAVINGS INSTITUTION OF NEWARK, W. A. Rancom & Co., wholesale dealers in boots and shoes at No. 537 Broadway, made an assignment for the benefit of creditors, Saturday, to Walter W. Law. The firm has been doing business for more than thirty years, and the failure 18 ascribed to bad debts and dulness in business. The liabilities probably will not be less than $250,000, the debts being due principally to Eastern creditors. The assets consist of stocks and bills receivable, the amount of which is not known at present. The managers of the Dime Savings Institution of Newark asked Chancellor Runyon, late Saturday afternoon, for an order requiring them to pay only 20 per cent of the amounts due depositors. At the time of the suspension of the Newark Savings Institution, the Dime Bank took advantage of the ninety days' limit, and consequently has not paid its depositors since that date. The bank, it is stated, holds Chesapeake and Ohio Railroad bonds for $200,000, and bonds and mortgages for $700,000, and, if forced to realize on its securities at present, would sustain a heavy loss. Chancellor Runyou granted the prayer of the petitioners, and appointed William Silas Whitehead, special master in chancery, to make an examination of the bank. According to the treasurer's report. on February 1, the bank had a surplus of $47,179 24; $1,632,818 53 is due depositors. Payment of the 20 per cent to depositors will be begun to-day, and preparations have been made for the anticipated run. Since February 1, the managers have sold Newark city and Paterson city bonds, and arrangements are being made for the sale of the Passaic water bonds. The average of deposits is about $156, the largest deposit being $20,000. It is thought the bank will ultimately pay not less than ninety cents on the dollar. Bennett & Smith, manufacturers of felt skirts at No. 61 Leonard-st., have made a voluntary petition in bankruptcy. The liabilities amount to $52,000. The assets, consisting of stock and machinery and book accounts, are worth about $38,500. John R. Platt has been appointed assignee of John P. Dallimore by Register Dayton. At a meeting of the creditors of Cammeyer & Nason, Saturday, it was agreed to accept a settlement at 40 cents on the dollar, payable in April, May, June and July. Samuel P. Kittle, dealer in bedding at No. 203 Canalst., has been adjudicated a bankrupt on the petition of his creditors. His liabilities amount to about $75,000, while his assets are valued at $10,000.


Article from The New York Herald, February 28, 1878

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NEWARK'S BROKEN BANKS. The receiver of the People's Savings Institution at Newark is making u careful examination of the alfairs of the concern. Thus far his task has been a most disagreeable one. Many of the securities-which were classed as assets 111 the last statement made by the bank-are found to be almost valueless, and a quantity of the stock of the Citizens' Insurance Company, which the bank held as colla.eral for loans, has DO market value that can be determined. Tue mortgages are mostly upon property which would noi sell for the amount loaned ou il, 11 sold under foreclosure, and the belief is entertained by those who are most familiar with the character of the assets of the institution that the depositors will do weil 11 they realize ten per cent. When the bank closed it had but $2 65 on hand in Cash. The Dime Savings Institution continues to pay out the twenty por cent ordered by the Chancellor, but though the Clerks are kept busy there 1s nothing like a real active "ron." The average payments daily in gross are about $7,000.


Article from New-York Tribune, January 26, 1880

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# DEATH OF A MISER IN NEWARK. Abraham Thomas, who had the reputation of being a miser, died at a cheap boarding-house in William-st. in Newark, last Thursday, leaving $30,000 to be inherited by a brother and sister in Germany. His property consisted of bonds of Newark and New-York and the Government, which he always carried on his person. His occupation was that of a pedler of goods purchased at auction. His confidence in banks was lost a few years ago when he had deposits in the Newark and Dime Savings Institutions which suspended. Before his death he was induced to make small bequests to Hebrew charitable institutions. He was well educated, spoke five languages, and in his early life travelled over Europe and the East very extensively.


Article from New-York Tribune, November 30, 1880

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GOOD NEWS FOR DEPOSITORS. The Newark Savings Institution and the Dime Savings Bank, which suspended in 1877, and are now under control of the Caancellor, are reported to be in a greatly improved condition, owing to the appreciation of their assets, and it is believed that both banks will be able to pay depositors in full. The Newark has already paid 60 per cent, and the Dime 40 per cent. The appreciation in value of the Chesapeake and Ohio bonds, over two millions of which are held by the Newark Savings Institution, already amounts to $1,000,000. The Dime Savings Bank held $200,000 of these bonds, which, when the bank suspended and commissioners made an estimate of the value of the assets held by it, were not considerea to be worth anything, and were not included in the schedule of assets ubmitted to the Chancellor. Their value now is $170,000. The managers of the Dime Bank expect to pay another dividend of 10 per cent before January 1. Both banks hold a large number of good mortgages on property in Essex County, which they would be reluctant to foreclose for the reason that such a course would cause widespread distress and because there is at present no demand for real estate. Since the suspension the Newark Savings Institution has disposed of $1,500,000 of mortgages with triffing loss, and paid depositors over $5,000,000. Upon the application of the officers of the Dime Saving Institution, made last night, Chance. for Runyon will take steps at once to order the payment of another 10 per cent dividend to the depositors.


Article from New-York Tribune, May 13, 1881

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May 10. The complainant alleges that his son-inlaw is a worthless, idle fellow, who would not support his wife, and that the complainant took the prisoner's wife to his house and would not allow her to hold any communication with her husband. Meeting the prisoner in the Fifth Avenue Hotel, they began talking of the matter. The alleged assault followed. The prisoner would not give his place of residence and did not deny the charge. Justice Bixby put him under $1,000 bonds to keep the peace for one year. BROOKLYN. The police force has been relieved from the necessity of wearing belts when on patrol. The Oxford Club will haveits summer quarters on Coney Island at the Manhattan Beach Hotel. Deputy United States Marshal Bizzert yesterday arrested Linz Oliviera, a Portuguese, of No. 383 West Twelfth-st. New-York, on the charge of forging naturalization papers. Robert White has been appointed to succeed W. E. Dorwin as superintendent of the Brooklyn, Flatbush and Coney Island Railroad. He formerly held a similar position on the South Side Railroad. F. Callahan, age thirty, of No. 208 Kent-ave., while digging a cellar yesterday in Nassau-ave, near Newtown Creek, was smothered to death by the fall of a bank of earth, which buried him. William Mayo Little, Deputy Commissioner of City Works yesterday offered his resignation of this office to Commissioner French. Mr. Little has made arrangements to go into business in New-York. Jndge Pratt yesterday granted a stay of proceedings in the case of James Walsh, who was to be hanged May 20. His case will now come on appeal before the General Term of the Supreme Court in September. Agent Wilkin, of the Society for the Prevention of Cruelty to Children, obtained a warrant yesterday for the arrest of the managers of a variety theatre in Adams-st. for employing in public exhibitions a girl, age nine, who is called Little Rosebud." John Kenny. a bill-poster, was arrested late Wednesday evening for shooting H. Paulding, of NewYork, in the head, in a rum shop in Johnson-st. Kenny claimed that the shooting was accidental, and Paulding supported the claim. Kenny was arraigned yesterday and committed to await examination. The body of Charles Q. Franks, age forty, of No. 42 Meserole-ave. was found at the bottom of the fishpond of David Aeker, near the tollhouse in Johnsonave., by some workmen yesterday. There was a pistol shot wound in the right temple, and the revolver from which the shot was fired was found in the pond. Franks was the defendant in a bastardy suit in the Fifth District Court, and has not been seen since May 6. when he told his wife that she would never see him again. William D. Snyder, of Franklin-ave. and Fulton-st. was arraigned before United States Commissioner Benedict yesterday, upon the charge preferred by his son of opening a letter addressed to the latter. The son. Oscar F. Snyder, eged that father opened the letter to obstruct his business and pry into his secreta. Mr. Synder, senior, denied the charge, and claimed that he opened the envelope by mistake, and finding it was not his own sealed and forwarded it. Mr. Snyder recently parted from his wife, and the children sided with their mother. The accused man was released on $500 bail to appear for examination next Thursday. JERSEY CITY. The fineral of the late Stephen D. Harrison was held yesterday afternoon at his s late home, Harrison and Benfley-aves, A new case of smallpox was discovered on the steamship Assyrian Monarch last evening. The patient.one of the sailors, was taken to the pesthouse at Snake Hill. The Board of Finance and Taxation at its meeting Wednesday adopted a resolution not to avail itself of the law passed recently by the Legislature which gives the Board authority to compromise taxes and assessments due to the city, NEWARK. The New-Jersey Congregational Association, at its meeting yesterday, discussed the question of Christian Morals in Business." The Rev. Messrs S. Bourne, of Paterson, Bradford, of Montelair, and L. O. Smith, of Philade!phia, were among the speakers. John McGregor, who was indicted by the United States Grand Jury at Trentonas one of the directors of the First National Bank has been succeeded as president of the Dime Savings Institution by James D. Orton, the treasurer of that institution. The Dime suspended payment a few years ago, and its affairs were put under the direction .t"the Chancellor. Since then it has paid 50 per cent tot. ositors and its assets have appreciated considerably. STATEN ISLAND. CLIPTON.-The timber for the keel of a new Staten Island ferryboat was received yesterday at Clifton, The keel is to be over 200feet in length. RICHMOND.- the Rich mond County Court of Over and Terminer yesterday Dr. Vetta M. Do Maine was convicted of attempting to levy blackmail, and was sentenced to one year's imprisonment, He several threatening letters to Mrs. Sarah A. Bennett, of Westfield, declaring that exposures detrimental to her character would be made unless certain sums of money were forthcoming. He claimed to be a practising physician. TOMPRINSNILLE. A mad dog caused some excitement yesterday in Tompkinsville. The people of Hannah-st.. to escape the heat indoors, were seated on their stoops, when the doz came along snapping at everything in its path. The people filed in different directions for safety. The dog on arriving at Schroder's groggery attempted to enter by jumping through the window. but failed. A few minutes later the customers in Charles Rendt's groggery, at Hannah and Bay-sts., were stonished to see the dog come through the window with a crash. There was a general stampede over the tables and chairs, but the dog ran through without stopping into a back room, and disappeared through a window. A number of armed men gave chase, and the dog was shot all an adjoining lot.