12649. Mechanics National Bank (Newark, NJ)

View Charter #1251 on SPMC

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
1251
Charter Number
1251
Start Date
October 31, 1881
Location
Newark, New Jersey (40.736, -74.172)

Metadata

Model
gpt-5-mini
Short Digest
3c50b455d3640326

Response Measures

None

Receivership Details

Depositor recovery rate
67.4%
Date receivership started
1881-11-02
Date receivership terminated
1896-12-22
OCC cause of failure
Fraud
Share of assets assessed as good
80.9%
Share of assets assessed as doubtful
13.4%
Share of assets assessed as worthless
5.7%

Description

Cashier Oscar L. Baldwin embezzled large sums; directors decided to suspend payments Oct 31, 1881. The bank was later reorganized and revived by director subscriptions and payments to creditors, with reopening/reestablishment activity reported through 1882 (arrangements reported June 18, 1882). No clear contemporaneous newspaper account describes a depositor 'run' (people gathered to withdraw) prior to the suspension — the primary trigger was cashier embezzlement and insolvency. Dates drawn from newspaper reports (Oct 31, 1881 suspension; mid-1882 reestablishment).

Events (5)
1. June 9, 1865 Chartered
Source
historical_nic
2. October 31, 1881 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier Oscar L. Baldwin confessed to fraudulently using/embezzling large sums (reported ~$2,000,000 or varying figures), leaving the bank insolvent; arrests and examiner called.
Newspaper Excerpt
The directors of the Mechanics' National Bank yesterday told the directors that the bank was unable to pay its debts...they decided to suspend.
Source
newspapers
3. November 1, 1881 Other
Newspaper Excerpt
The Mechanics' National Bank at Newark, N. J., one of the strongest in the city, has been closed. ... Cashier Baldwin has been arrested as an embezzler and the government examiner sent for.
Source
newspapers
4. November 2, 1881 Receivership
Source
historical_nic
5. June 18, 1882 Reopening
Newspaper Excerpt
Arrangements are well advanced for the reestablishment of the Mechanics' National Bank, which suspended on October 31...The payment of the creditors of the bank, according to a plan by which the directors subscribed $750,000...The plan contemplated the reestablishment of the bank.
Source
newspapers

Newspaper Articles (23)
1. October 31, 1881 Gold Hill Daily News Gold Hill, NV
Article from Gold Hill Daily News, October 31, 1881

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An Insolvent Bank - The Cashier Makes a Clean Sweep. NEW YORK, October 31.-A Post's Newark special says: The cashier of the Mechanics' National Bank yesterday told the directors that the bank was unable to pay its debts. They offered to subscribe $500,000, but he said 92.000,000 would not do it, and they decided to suspend. The last statement showed deposits amounting to $2,417,000. Jas. Halsey is President, Oscar H. Baldwin Cashier and Manager. Baldwin is considered responsible for the trouble. The news was like a thun. der-clap. The institution was deemed the strongest in Newark, and the officers most trustwerthy, while Baldwin stood high as a financier. He has been arrested as an embezzler and the government examiner sent for. The warrant of arrest charges Baldwin with confessing to the Board that he had fraudulently used $2,000,000 of the bank's funds. The Directors are sitting with closed doors. The wildest rumors are afloat. Nobody but the Cashier is suspected. He had the unlimited confidence of the Board. His confession was made because he feared the visit of the bank examiner. The city and county lose about $40,000 each of deposits, the Water Board $36,000, and some companies smaller amounts. It is not yet known where the money has gone, but it is alleged that Wall street speculations of the Cashier absorbed it. It appears that Baldwin got away with everything, but the safe, which was a very heavy one. The bank held all of the deposits of the old Mutual Life Company, amounting to, it is said, from $900,000 to $1,400,000. It is believed that not a penny of the amount s saved.

2. November 1, 1881 Wheeling Register Wheeling, WV
Article from Wheeling Register, November 1, 1881

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A BROKEN BANK. IN AND A CASHIER WHO SPECULATED WALL STREET Getting Away With the Millions The Safe Was Too Heavy-Surprised Directors Ruined Depositors - Business Suspensions Peculators in Prison. THE BEST FINANCIER'I NEWJERSEY. A BROK EN BANK Collapse of the Foremo Bank in Jersey NEW YORK, October 31 The Pos Newark N J. special savs The directors of the Mechanics National Bank the largest bank in Newark, this A morning announced its suspension meeting of the directors was held yes terday afternoon. and Cashier O. L. Baldwin stated that the bank was not condition to pay, and that the liabilities were so great that further attempt carry on business would be useless. The directors then offered to subscribe five hundred thousand dollars to put bank in condition for business but the cashier responded that two mil lion dollars would not do it. The direc tors then decided to suspend business once. The bank last statement sued in October showed liabilities Capital stock. $500,000 notes, plus, $400,000; National bank $445,000; divieends unpaid $39,620 posits. $2,417,215 certified checks, cashier check due State National banks $134,532 due banks. $70,912. The following is the board of directors Baldw Joseph A. Halsev. Oscar Stephen H Condict George A. Halsey Lewis Trover James F. Bond, W Clarke, Henry C. Howese and Josepi Heisler Joseph A Halsey President and Oscar I.. Baldwin Cashie officer was manager of bank and considered responsibl for the trouble The News Came Like Thunder Clap on the community There was suspi cion that the institution was not strongest in Newark The been considered the most trestwo thy body of men city, and the reputation Baldwin as finan probably stood first in the State all to closed bank and no official facts hav made beyond the arrest and for government examiner ondent The bank was the chanics National Bank New York The latter loses nothing. Baldwin called at bank on Saturday and wished to draw some of the collaterals he pledged there, but this was not mitted and his inability to get hold them may have forced the disclosure the rottenness of his bank The Nugent Co. has suspended with the bank Other failures are left the that all the bank is tifty thousand dollars Cashier Baldwin was arrested nited States marshal on an affidav director, who charged him with lessing to the board vesterdav that had frandulently misused over its funds. l'he directors are in the doors, and affort are verify is yet felt toward any other than cashier who had the unlimited conti dence of the president and board directors. The cashier. fearing visit from the national bank examiners, call ed the directors together yesterday and confessed the Terrible Condition of Affairs The city and county had about $40,000 each deposit. The water board $136,000. and manufacturing companies smaller amounts preparatory to the November dividends. It not know where the money has gone, but it has been cashier that the alleged gaged in Wall street speculation seems probable, Bald in goes to State prison, there will be three bank cashiers in continement there, Baldwin and Hid den, of Newark and Berry of Hacken sack It appears that Baldy in has the but with everything one. The bank held all the deposits of the amountin Mutual and $900,000 $1,400,000. not a penny believed, will be from the general endless course of rumor The main fact and The Old and Painful Story stock gambling, robbery and ruin. Cashier Baldwin his house bed. The upon which Bald of con crime that the and the that false by and the that front the in very banks, having during the half vidends of pavi semi annually cent. Mechanics almost Its Board the of How the now be be there will that reported ruinous and painful after claps in the way of failures which the Mechanics bank Supposed would course of time known in liked banks as Surprise This thought the top turning day

3. November 1, 1881 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, November 1, 1881

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THIS MORNING'S NEWS. In New York Government bonds are quoted at 116 for 4s of 1907 113 for 43e; 101 for 3As; aterling, $4 81}@185} silver bare, 112}. Silver in London, 52d; consols, 99 7-16d; 5 per cent. United States bonds, extended, 105; 48, 1193 438,1164. In San Francisco half dollare are quoted at 1 discount to par; Mexican dollars, 91]@92}c. Mining stocks opened quiet in San Francisco yesterday morning. The volume of business was small, and prices about the same as at the close of last week. The name of the new Chinese Minister to the United States is Chang Chao Gee, and he will leave China for his post in the latter part of November. The schooner S. M. Coombs drifted ashore near the mouth of San Francisco harbor yesterday, and became a total loss. Chief Justice Morrison yesterday decided that the Sunday law is constitutional. The death of F. E. Wilke, one of its members, caused the adjournment of the "big" Stock Board at San Francisco yesterday at noon until this morning. The jury in the Lyle murder case failed to agree at Martinez, and were discharged yesterday. Three men are on trial at San Buenaventura for the murder of an Indian. The arguments in the Scoville murder trial at Reno, Nev., are progressing. The King and Queen of Italy left Vienna yesterday for home. Another unsuccessful attempt was made Friday by the Missouri authorities to capture the James boys. All London orders at New York to buy Confederate bonds have been withdrawn. The Mechanics' National Bank at Newark, N. J., one of the strongest in the city, has been closed. An earthquake occurred in New Hampshire yesterday morning. A deck hand named Conway was drowned in the Sacramento river at Princeton, Colusa county, Sunday night. John Robinson fatally stabbed Hans Anderson at Westport, Mendocino county, Sunday. Two whalers arrived at San Francisco last night from the Arctic, but brought no news of the Jeannette or Rodgers. Burglars got away with $700 from a Grass Valley money drawer yesterday morning. Two men were severely injured near Chico yesterday by a falling shed. E. A. Wetmore has been held to answer at Nevada City for the murder of Thomas Byrne. Another "crank" was arrested at the White House yesterday, armed with a revolver and evidently bent on shooting somebody. Fire at Clifton, Staten Island. The German visitors had a reception in Chicago yesterday, and the French guests in New York. Half a million of gold arrived at New York yesterday from Europe. Keene's colt Don Fulano has broken down. Two disabled steamers arrived at New York yesterday. Captain Boyton left Omaha yesterday on his swim down the Missouri. The first fast train between New Yerk and Chicago left the latter city at 3:30 P. M., expecting to reach Jersey City in a twenty-six hours' run. The formal opening of the fair of the Sixth District Agricultural Association will take place at Los Angeles to-morrow, but the races begin to-day. John Oglesby was found dead near The Dalles, Or., Sunday. Delegate Cannon's naturalization certificate has been declared a fraud at Salt Lake, and his seat in Congress will be occupied by Campbell, a Gentile. Mrs. Mary Whitehead was killed at Salt Lake Sun day by being thrown from a buggy.

4. November 2, 1881 Daily Globe Saint Paul, MN
Article from Daily Globe, November 2, 1881

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the money by IIIIII IS There is reason amazing for doubting the true explanation of the same whether amount taken. made. At disposition the the funds has yet been in of nothing has yet come to light Wall lost time which shows that the money fear was that street, exchange speculation. The banks in in there stock would be a run on the Savings' New Jersey has not been realized. A MAN WHO KNOWS. of Early yesterday morning a representative who inEvening Post met a gentleman of trouble quired the if there was not a rumor such a report in a Newark bank. Being simply: told Mechanics? current, he said, because it has been was Yes. Then, said he, it is money, has gone by its cashier and the inquiry the robbed speculation. On further building in stock said that in a certain which not gentleman the Mechanics' bank, of the remote from under control building was cashier and some of his defaulting person had for some time occu and friends, a office which suited him vacate, entirely when, pied an was not disposed to to sur which to his astonishment, he offered he was finer requested and more at- a render it, but was same building at tractive quarters in the willingly accepted the transaction. lower rent, and of The course occurrence was thought and inquiry provoked to be queer and Then naturally it was found that a ticker Wall observation communicating with and telephone put into the room, which tube was street,had been connected by a speaking hereafter furthermore the national banking house. were conwith and some of his' 'friends who the cashier at the room, and the person up stant visitors that he shortly gave the tells Mechanics' the story avers bank and looked upon unhad the merely as a matter of time. who crash This is directly from of knowing a man and observing usual opportunity utely contradicted by statements whom he It is absol and of brokers with connected. the cashier be most intimately entirely is reported to likely that there will be few It now seems developments after a the cashier. new days, and which surprising will involve others beside DISCLAIMING LOSSES. N. J., Nov. -Warren Mechanics' AckerNEWARK, former director of the the man, a bank, who remonstrated against National power, has began a law suit negligence. against one-man Halsey for loss caused by the large President that he received They say Nugent denies stated by Cashier Baldwin account stood amounts they cannot ascertain because Baldwin how his had them 80 at the bank. and he was in latter's power. mixed None up, of the banks are seriously involved with the Mechanics. of the Mutual Benefit Life that In The president company, telegraphs their agent them, their surance failure does notembarrass reduced since deposits the bank's having been steadily May Collections received from agencies have been deposited in the Nov. State 1. bank. District Attorney NEWARK, N. J., the surrender of propKeasby has demanded factory, on the ground from that the erty in Nugent's by money obtained in case bank was acquired under promise of turning it over of necessity KNOWN FOR SOME TIME. NEW YORK, Nov. 1 The Peoples' bank of New- has claim against the Mechanics' bank Exch ange a ark for $29,000,and the Connecticut bank one of $13,000. well acgentleman The Express with the says condition a of the this leading afterknowledge noon, that, money quainted institutions in the city said of the Newwas on condition ark street me banks ths ago. The bankers paying on teller lower of Wall of the most prominent a messenone told him three weeks ago into the Broadway neighboring bank rushed big hole in the Mechanics' ger office from and blurted out: bank There's in a Newark out up look to be from made under The teller was and boys; stand out when he heard the intelligence he was cirpaying messenger to be silent, as alone to told the report damaging, not only The culating a but to city banks. the Newark bank, confirmed what he had messenger afterward the rumor had got said by the remarking clerks in that his bank and he thought among good piece of news. it a GOSSIP AND SPECULATION. the wreck of the Mechanics' National business In at Newark, what strikes the and bank men as strange is, that the should directors, have first, never bank examiners, it worth while next, to verify the statement had over thought Cashier Baldwin The bank York The at of in deposits in New exploded $2,000,000 to verify this would is have said, when tempt the deception at once, item and, of this kind there was an the amount of the capital, it about five have times been thoughta verification reason would for would made. There is yet directors no know have been the rumor that some to ad believing the matter than they care Attorney more about United States District mit. It seems satisfied after an examination Keasby became of the Mechanics' bank and paof the books to Nugent & Co. aasertions surrendered of pers Cashier relating Baldwin that the were subby his voluntary statement demand Baldwin in And he made the stantially true Nugent's counsel, that the proJudge Jesse, in the hands of Nugent receiver & Co. be in perty now surrendered to the abstract immediately restitution of the amounts with Baldwin. partial ed by Nugent attorney in complicity exhibited to Jessie The district on which the claim is based, were pro- and some papers the goods now in the factory drawn insisted the application of money property duced by bank, and were in full the allowed to from the bank. Jessie asked to be matter and of the expert examine the be have an himself, the property should com- left pledged undisturbed until the examination was and he could give an answer. attorney pleted stated to the district from Nu- he Baldwin per cent. ommission taking received for 1 negotiating business. his paper Counsel and for gent charge of his banking believed his client would enabled to prove Baldwin said he the truth of all in said his that had with been regard to transactions It has confession Nugent & Co. with the bank. August, with C. been ascertained that during drawn September already and October the firm He had thought the about $487,000. to long from the figures bank were this nearly it $500,000. would not With such take Of had been some drafts as draw out $2,000,000 money course paid into there the bauk not by reach Nugent 50 per & Co., cent. but of the the payments Counsel did for C. Nugent said he false. would C. drafts. to show Baldwin confession amount be able & Co. had not drawn such in and he Nugent in excess of their credit, be 10 per as $2,000,000 if the excess would making doubted even amount. The firm was a up moneys cent. of that statement from the books and drawn paid

5. November 3, 1881 Daily Republican Wilmington, DE
Article from Daily Republican, November 3, 1881

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THE GREAT BANK DEPALCATOR Law Suit Commenced Against the President of the Mechanics' Bankas Newark-The Drafts and Deposits of Nugent & Co. NEWARK, N. J., Nov. 1.-Warren Ackerman, a former Director of the Mechanics' Bauk, who remonstrated against the one man promot, has a law suit against President Halsey for debt caused by negligence. Nuget t's counsel denies that he recelved the large amounts stated by Cashier Baldwin. He says he cannot ascertain how his account stood at the bank, because Baldwin had the accounts so mixed up that be was in the latter's power. None of the other banks of the city are seriously involved with the Mechanics', and will not be affected. The President of the Mutual Benefit Life Insurance Company telegraphs its agents that the bank's failure does not embarrass them, their deposits having been steadily reduced since May, and the receipts from the agencies have been deposited in the State Bank. United States District Attorney Keasby having become satisfied--fifter a hasty examination of the books of the Mechanics' Bank and of the papers relating to Nu gent Co. surrendered Cashier Baldwin-that the assertions by of Baldwin made in his voluntary statement were substantially true, made a demand this arternoon on Judge Teese, Nugent's counsel, that the property now in the hands of Nugent & Co. Rebe immediately surrendered to the coiver in partial restitution of the amounts abstracted by Nagent in complicity with Baldwin. The District Attorney exhibited to Teese some of the papers on which Judge the claim is based, and insisted Co's that the goods now in Nugent & factory were produced by the applicaof moneys drawn from the bank, the and tions were, in fact, the property of bank Judge Teese asked to be allowed to have an expert examine that into the matter. and pled get humself the property should be left undisturbed until the examination was completed and be could give an answer. Bald win stated to the District Attorhat he received cue per cent. com mission nev from Nugent for negotiating bankhis pap and takingcharge of his ing business. United States District Attorney by makes the following sta ement Meof Kea drafison and deposits in the Nug chanics' National Bank made by ent in 1881: October, drew $223,000; drew deposited $143,000 September, $142,000: deposited $75,000. August July, $165,000; June. drew drew $127,000; drew $110,000 deposited $107,000. May, April, $152,000; deposited $100,000. $111,000. $158,000; deposited drew March, drew $128,000 deposited $107,Febuary, drew $128,000;deposited de $77,000. 000. January, drew $143,000, of posited$62,000 The total amount thedrafts for this year is $1,506,000,000 is the total amount of the deposits about $1,000,000. Attachments 1 have been levied upon property of the Mechanics' Nation of the Bank, of Newark, in the hands New al the Mechanics' National Bank of BAnk, York, for $29.375 by the People's Bank and$13,670 by one Corn Exchange both of New York.

6. November 4, 1881 Iowa County Democrat Mineral Point, WI
Article from Iowa County Democrat, November 4, 1881

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Brought Banker Baldwin's Big Bank Bad Bankruptcy. A Round Million and a Half Taken Out and One Million Returned. Casualties, Crimes. The Newark Bauk The Oct follow NEWARK, N on J. the door of morning the Meing applicational appeared bank, this statements bank chanics "Closed in consequence made by the cash are affecting to the the board of investigation directors which The in bank was now ier, undergoing 1 considered the strongest The Post's New Newark NEW ORK, Oct. says 31 the Newark di ark, J. special the cial Mechanics national an of this orning suspens rectors bank, in Newark, suspension A meeting vester of nounced its a meeting, Balddirectors held Cashier O. the afternoon, and bank was not in a day stated that the that the liabilities to win condition to pay that an attempt so great would be useless. to were on business offere to subscribe condiand $500,000 carry The directions then put the lank in But the for tion business. do not it. at pend business sponded The directors that then decided The bank in issued October statement, as ed show Capital follows last liabilities plus. 400,000 $500,000 stock, notes divi bank nation $45,009 detosits $2,417 $3,962; 407 cashier dends unpaid checks, $68 banks 215; certified 366: due other national $70,912 check, due state banks, of directors $134. is the boar L Baldwin Stephen The following Halsey Oscar A Halsey Louis Grover, Jas H Condict, James George long, Herm Joseph Howel, Clark, Henry Jos presi Halsty cash Baldw Hester Oscar officer dent and last named trouble The for the -clap on conside red responsible like th nder not The news came There vas the community unity not the the was that picion institution The Newark directors strongest the most have been trust of in and city body men worthy the Baldwin reputation stood financier, probably The the bank state. and no offi be first closed to all commerce made known Baldwin of charge facts have been the arrest of landsends for the ing cial vond report of examin government The Newark espondent Mechanics of New of the bank was York That this at bank lost nothing. and Baldwin pledged, withdraw but and bank Saturday he had his permitted ability get hold the some this was them of his The bank. The was concern the firm of Nugent involved Co. Other bank failures with the broker expected has long been esteemed flice The defaulting nd cashier liked in the Newark other both his fellows be as much and bank seem This Newark surpr saying much simply grieved since the eromment surprise citizen hear marked of that one the churches boundless He one would as soon were turnthe nding tip was ed and While Baldvir Sunday of its spire. to the directors, the bells statement own guill, which nonfessil Episcopal his church which he Trinity member and calling faithful Bald subscribed was liberal indt did sat in worsh church Little, friends think, that one of was lights their leading church last night that moment It thie himself seems confessing of was time Baldwin trustee ritgs Newark bank the deposited the Mechanics ostanding hereand signed ther the from account Through which some savings misund bank withdrew thus the resent failure Insur Bald guarding Newark agains Mutuai Benefit which At the New York intense. left pany for imm Newark win trustee, of the receipt The of the The president ediately on the under be stood quite involved heavily the officers Insurance before was man eached One impany of the said such they had stock character, Baldwin and married experienced of unim the father circles He children. In of social the aders, unexcept and his regarded four as one Financier was to positively refuses of his tional. reputation Baldwin the except calling ersonal anybody friends. with To answered persons that any his house his son could not see Bald father especially his being sick he reporters his boys chidren, 15 and 11 and old. stayed to win's body wife years and old. and it two his bedside friend, am go all day guilty and At years Baldwin said villing o'clock menitentiary missioner Keasby to the States Commiss called his United district attorney short hand Bald and the together with Titsworth, de house, Judge positive porter and ex. Baldwia of the funds win's attorney had used any nied that he for private onization the band Since the Nugent & and said the firm principal custhe bank, among their firm have have been Since 1873, and that without the tomers. loans, oard of directors made irregular of the reatening it. knowledge pelled me by all about Nugent comp the directors to give him to tell transactions time. Some these crooked money from time back 10 to the more bank more Nugent paid but he drew all those times per month hoped these $50,000 than he paid would refund always Nugent & Co. the firm to well a be aware very years knowing were for date. sums, wealth Nugent used Co the fund book Nugent of the loans of the made fact. them ed more up than $2,000,000 out The modus was & Co. receiv funds of the that bank Nagent for York New the bank Co. operandi gave checks some money and the funds of of to pay time. drafts firms from time to used to pay the book the are the bank were The entries in thought the firm. directors right. falsified, 80 the the bank was all wealthy Mo business of Nugent, of the firm of evenmanufa rested this rocco Nugent & house Co., was by the of deputy aiding and He gave funds beting from bail for the $25,000, to answer marshal ing at his Cashier on the Baldwin charge Mechanics in embezzling bank the

7. November 4, 1881 Iowa County Democrat Mineral Point, WI
Article from Iowa County Democrat, November 4, 1881

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the to law prehended and dealt prays with he according may be THE NEW YORK. TOPIC OF CONV ERSATION. the Mechanics Nov. National 1. The failure wark on the was the one topic of bank conv of Ne from it were street. No failures ersation it reported resulting know Was that said by parties up not to unlikely noon, none were expected. director a former Ackerman NEWARK. THE N. PRESIDENT J., Nov. SUED National Mechanics power, against President strated begun against the one bank man who of the debt counsel caused deny by that negligence. Halsey for amounts They as stated by he received say he cannot Cashier the None of accounts up and they Baldwin had stood were them at in the so the ascertain fearfully bank latter's Baldwin how because mixed the involved with other the Mechanics banks are seriously power life The insurance president of the Mutual agents that the company bank telegraph benefit their embarrass been them their failure The receipts steadily reduced since deposits May bank. THE been deposited from in the the state agencies AMAZED NEW YORK, ics It is national now understood Nov. that The its cashier bank about of Newark the Mechan loses is ledged even use more made of $2,609,000 the money The reason explanation for doubting amazing wh and there by him the funds have of vet the been true disposition her the same in Wall time nothing has made stock money was street, lost which shows come that to light the The ulations. sev. run on the savings that would be realized has not been bank in New JerJ. N. Nov. NEWARK, torney render Keasby has demanded District At. factory of on the property of the the sur mulated the ground that Nugent bank under by money obtained it was from accu- the necessity. over to the bank promise in case of turning of NEW Nov. YORK -Early morning who inquired was not there rumor of ing him Post if met representative gentlemen of the yesterday and a bank. trouble Newark that such then Yes: is simply, 'Mechanic a report current, said because in by stock its cashier and it the has been robbed quiry the speculation. money On further has certain Mechanics' building. :gentleman not said, that under the bank. control which remote building from son cashier and some of of his the fice, had which for some time occupied friends perwhich he suited him entirely an of quested when to his was astonishment. not disposed to vacate and fered finer to and surrender it, but he he was was ters of in some building more at attractive quar action. course. On willingly accepted lower the rent, thought to be becoming known. it trans. provoked Then it inquiry queer, and and naturally Wall and a telephone was found that observation a ticker room. street, which had been with ed by was furthermor but into the a speaking tube connect. cashier mote banking house with not constant and some of his Therealter the person visitors at the friends shortly who gave tells his story room, says and and looked upon up the the Mechanics the matter of time. This crash as merely man who is directly nity of knowing had and an unusual opportu- from ments absolutely contradicted observing, but with whom of the cashier and by of the stateIt now connected. timately he reported to be brokers that there will likely and few days, surprising which developments sides the cashier will involve others bebank NEW has YORK, Nov. 1.-The les' bank of claim against the Mechan People's the Corn Newark of $29,000 The Express Exchange bank of and quainted says gentlemen $13,000 leading with the condition well city said moneye institutions of the edge of this afternoon of this the Newark that the know]was on Wall street bank's condition said the paying teller a month ago. He most way told prominent banks of one of the messenger him that three lower Broadrushed into the from a neighboring weeks ago bank There is big hole office and blurted out Look out bank in Newark to be in the Mechanics ler was boys, stand from under made up. inteiligence, paying out when he The telsilent as he and told the messenger heard the facts not alone was reporting tion. but to the damaging afterward confirmed The mor had remarking that he had said messenger also Just by got to the city Newark banks the institu- what in his bank, among the clerks piece and he tlemen, of news. "I have "This," thought said the good to bereason good himself. and have from the paying teller genlieve him.' NEW the Mechanics YORK. Nov 1.-In the ark what National bank wreck strange. strikes business of New the bank is examine that the directors men first the never thought it worth next, should the statement bank had of Cashier while Baldwin with New York over in that there at once: and, exploded deception to verify was this would agents. have An deposit five an item of this as said, when cation would that a would is yet times no have the been have amount thought been made kind of capital, of verifi- about morthat some more admit. matter about It reason seems the of for the believing directors than they the There knew District that Attorney Keasby States of the examination of book papers fied after the Mechanics hasty United became satisrelating bank, and the the surrendered to Nugent & the tially that his voluntary true, assertions statements by Cashier of Baldwin Baldwin Co., in hence he made were the substanbe the on to gent a Judge Jesse, property & receiver. Co., now immediately Nugent's in the hands counsel, demand of that Nuthe in partial surrendered amounts abstracted by restitution Nugent of in

8. November 6, 1881 New-York Tribune New York, NY
Article from New-York Tribune, November 6, 1881

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411 000 45. Marchbank, the embezzling clerk, was unable to find bondsmen for $7,500 yesterday and he was allowed by the Commissioner to return to his home in Beileville in the custody or the Marshal, to remain until Monday. Marchbank would say nothing about his case. He admitted that yesterday morning he had had an interview with Baldwin at the latter's house. An apparently authentic statement is made that Baldwin discovered that Marchbank wasa defaulter when $30,000 had been abstracted. He called the clerk into a private room and confronted him with the evidence of his guilt. Marchbank fell upon his knees and besought Baldwin not to expose him, promising to make good the amount stolen. Baldwin yielded and Marchbank remained and reimbursed the bank to the amount of about $8,000. Some time afterward it was discovered that he was a defaulter in $20,000 more, when he was dismissed by Baldwin. John H. Emery, counsel for the bank, states that he has not known of the existence of any mortgages on Nugent's property held by Baldwin and recently assigned to President Halsey and Director Condict -the one for $20,000 and the other for $15,000. He was first apprised of the existence of such mortgages by the publications in the newspapers. Judge Teese made the remark yesterday that if his client, Nugent, went to the State Prison on conviction of aiding Baldwin he will have the company of a distinguished and virtuous set of pals." He thought that the judgment of people was setting in in Nagent's favor. Mr. Teese made this calculation : It is charged that Nugent's business absorbed $2,400,000 in eight years. There are just 2,400 working days in that period of time. It follows, therefore, that if Baldwin's story is true Nugent's business was conducted at a daily loss of $1,000 during eight years. This," remarked Judge Teese, simply preposterous." The following telegram has been received by Oscar L. Baldwin and was handed by him to a friend who visited him. The latter asked permission to retain it and exhibit it to his acquaintances: KALAMAZOO, Mich., Nov. 2. OSCAR L. BALDWIN, Newark, N.J.: Our admiration is intense. Would like to engage you for ten lectures, $100 a night, to tell what you know KALAMAZOO BOARD OF TRADE. about banking. The question of the responsibility of the directors, in view of all the facts thas far brought out in connection with the bank failure, is being seriously discussed by depositors and their lawyers. One of the latter said significantly yesterday to a reporter: This thing has only just begun; the depositors haven't had their say yet, and there are people who hold the stock of the bank who will not famely surrender double its value. I have a trust fund to look after that I propose to protect." One of the counsel of Nugent remarked that perhaps to-day would bring out a new and interesting phase of the situation. Commissioner Keasbey stated yesterday that the District-Attorney and counsel for the bank were proceeding in view of acquiring the property of Nugent. The matter had been brought into the Court of Chancery, and there would be no judgments or write just now. The counsel for Nugent, after being informed of the claim of the bank upon the property, had engaged to hold the property intact until the matter at issue could be legally shaped. At the meeting of the Newark Common Council, Friday evening. H. F. Fiedler, Mayor of the city, sent in a communication stating that information of a disquieting character had for some time been in his possession regarding the accounts and finances of the city, and that this, coupled with the fact that the accounts of the city officers had not, for many years. been subjected to expert examination, and with the additional fact that the crash of the Mechanies' Bank had ruined fortunes and shattered reputations. he was moved to recommend the Finance Committee of the Common Council to make a searching and thorough examination, with the aid of experts, of the condition of the city finances. The communication was referred to the Finance Committee, with power to act. The National Shoe and Leather Bank of this city began yesterday an action in the Supreme Court against the Mechanics' National Bank of Newark to recover $31,000. Justice Barrett granted an order for the service of the summons and complaint by publication.

9. November 8, 1881 Daily Globe Saint Paul, MN
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The Broken Newark Bank. NEWARK, N. J., Nov. -The bank examiner estimates that depositors in the Mechanics National bank will lose 50 per cent. Whatever is saved from Nugent & Co., and other accounts, will increase the percentage. The firm of Nugent & Co. decided last week to dismiss their employes ae fast as they finished up such work as they were engaged upon, and on Saturday 150 of them were discharged. More will finish up this week and share the same fate. All were paid up Saturday as usual, but the firm is so situated now that to purchase new stock and contiue the busines of the establishment is impossible* NEW YORK, Nov. 7.-Another failure OCcurred to-day, as a result of the Newark bank failure. Hanson & Vanwinkle, wholesale dealers in chemicals, having an office at 92 Liberty street, New York,notify creditors that they are unable to meet their obligations and will soon offer terms of compromise. The United States court, besides ordering a rule to show cause why a receiver should not be appointed for the Nugent factory, have also appointed E. N. Miller provisional receiver. to take charge of its affairs. Cashier Baldwin has been released on $100,000 bail. He will appear on Monday for examination. His bondsmen are his brothers, H. P., Wm. H. and Theo F. Baldwin, and seven other persons. The defaulting clerk, Marchbank, was bailed for $10,000 by Cornelius Van Houten, of Belleville, to appear on the 15th.

10. November 8, 1881 The Daily Gazette Wilmington, DE
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GENERAL NEWS. 1 The President has issued a procla1 mation designating Thursday Novem ber 24th, as a day of National Thanksgiving. First Assistant Postmaster General Hatton has returned to Washington. He will act as Postmaster General during the absence of the latter. Fifteenth thousand immigrants are reported to have arrived in Manitoba this year. The first fast train to the West by the New York Central and Lake Shere route, yesterday morning, made the run from New York to Albany, 150 miles, in 3 hours 20 minutes. By a collision between two train, near Astoria, Illinois, on Sunday morning, an engine and several cars were wrecked and two passenger were killed. The steamer Larington, of London, is ashore near Shuthwest Point, An. ticosti Island, and will probably pecome a total wreck. Her crew were saved. Hanson & Van Winkle, whole. sale dealers in chemicals, of Newark failed yesterday, in consequence of the Mechaics' National Banktailure The U.S. Court at Newark, yes terday, ordered a rule to shew cause why a receiver should not be appointed for Nugent's factory; and the Court also appointed C. N. Miller provisional receiver, in the meantime. Cashier Baldwin, of the Mechanics' Bank, was released last evening, in $100,000 bail, to appear next Monday for examination. His bondsmen are his three brothers and six other parties. The default ing clerk, Marchbank, was bailed in $1,000, to appear on the 15th inst. The loss by the dock fire a Hoboken, on Sunday evening, is now estimated ar $1,250,000. Two mer are supposed to have perished by falling off the wharf during the fire The opera house at Joplin, Missouri was burned on Saturday night. Loss $50,000. The Hulmeville Manu facturing Company's cotton mil at Hulmeville, Bucks country, Pa. was destroyed by fire last evening Loss, $25,000.

11. November 12, 1881 The Milan Exchange Milan, TN
Article from The Milan Exchange, November 12, 1881

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COMMERCE AND INDUSTRY. THE annual report of United States Treasurer Gilfillan shows an increase in receipts over the previous year as follows: Customs, $11,637,611; internal revenue, $11,255,110; sales of public lands, $1,185,356; miscellaneous sources, $3,177,702; increase in surplus revenue, $34,185,751. THE Wabash will put on a limited express between St. Louis and New York, time 33 hours and 40 minutes. INVESTIGATION into the affairs of the Mechanics National Bank of Newark, N. J., SO hopelessly wrecked by Cashier Baldwin, discloses the fact that some two years ago Henry P. Marchbank, at that time engaged as corresponding clerk of the bank, got away with $50,000 of its funds, which has never been recovered. Marchbank was retired, but the matter was not made public, it is supposed on account of the clerk's too intimate knowledge of the Cashier's own and much more extensive defalcation. Marchbanks has now been arrested. He is a man of some property, and like Baldwin, has heretofore been esteemed as an estimable and upright citizen. BOTH houses of the Minnesota Legislature have passed the bill for the readjustment of the old bonded debt of the State, at an interest not to exceed 5 per cent. THE bank of Walker & Co., at Zurich, Switzerland, is reported to have been robbed of 75,000 francs and all negotiable securities and its books burned. The bank has suspended. Unpleasant surmises regarding the affair are current. THE cotton statistics for the present season show a falling off in the receipts at every Southern port, except New Orleans, from last year, the decrease in some cases being considerable. The estimates of the total crop made by members of the New York Cotton Exchange vary from 5,165,000 to 6,500,000 bales. Bradstreet's reports would indicate the smaller estimate as being the nearer correct. THE attendance at the Atlanta Cotton Exposition continues to increase each week, and the success of the exhibition is now assured.

12. December 4, 1881 New-York Tribune New York, NY
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# TRIPLE SHEET. # THE NEWS THIS MORNING, FOREIGN.-The London cable dispatch to THE TRIBUNE says that the Conservatives are turning the perplexities of the Government in Ireland to account; Lord Randolph Churchill has denounced the Land Courts. Mr. Evelyn Ashley has disproved the charge that he is a bad landlord. The demands made by the Scotch farmers at their meeting are moderate. Mr. Lowell is in Paris on his way to London. The robbery of the body of the late Earl of Crawford and Balcarres, which has just been discovered, took place last May. Prince Bismarck's recent statement that Italy has advanced toward Republicanism causes a sensation at Vienna. Austria has suspended diplomatic relations with the Roumanian Cabinet because the King claimed further control over the navigation of the Danube. An international skating contest is to be held at Vienna on January 14-16. DOMESTIC.-Emory A. Storrs and Senator David Davis were among the witnesses examine yesterday in the Guiteau trial; it is thought that the expert testimony will be offered to-morrow; President Arthur is to be called as a witness by the defence. General J. W. Keifer, of Ohio, was nominated Speaker, and Edward McPherson Clerk of the House, by the Republican caucus; the Democrats nominated S. J. Randall Speaker, and the present incumbents for the other offices. Walker Blaine and William H. Prescott sailed as envoys of the United States to Chili and Peru. A bank in Cleveland, Ohio, was robbed of $117,000 in bonds. Seven persons have escaped from the jail at Las Vegas, N. M. Andrew Carnegie has offered a free library to Pittsburg under certain conditions, Two men were killed by a road accident near Thompson, Conn., yesterday. Navigation is being closed on the Delaware and Hudson Canal, the last boat having left Honesdale, Penn. CITY AND SUBURBAN.-The Lotos Club gave a complimentary dinner to Whitelaw Reid last night. Sailors who matinied on the bark Sontagg were handed over to the United States authorities. Mrs. Ellen Peck, a notorious confidence woman, was again arrested. Measures have been taken to revive the Mechanics' National Bank of Newark. A thief was shot by a policeman. There were three business failures. Gold value of the legal-tender silver dollar (412½ grains), 86.90 cents. Stocks were dull and generally lower, closing steady. # THE WEATHER. THE WEATHER.-TRIBUNE local observations indicate generally cloudy weather, with light rain or snow and slight changes in temperature. Thermometer yesterday: Highest, 42°; lowest, 35°; average, 3878°.

13. December 7, 1881 Evening Star Washington, DC
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THE WAY THE NEWARK BANK WILL RESUME.The project of restoring the Mechanics' national bank is the result of conferences of the ten directors, who have had a paper drawn to the contents of which they have agreed, binding them to contribute over their names towards paying the creditors of the bank and reviving the institution. The exact total is not made public, but it is about $1,000,000, the president, Joseph A. Halsey, contributing $250,000. The directors will announce their publicly willingness to pay creditors a percentage on thefr dues larger than could be hoped for from the receiver. If the creditors accept the amount offered, the sums will be paid in immediately, and a full receipt taken. The bank will then resume under the old name, though it will practically be a new institution, all of the assets being swallowed up in the dues of its creditors.

14. December 14, 1881 New-York Tribune New York, NY
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THE SUSPENDED NEWARK BANK. The directors of the Mechanics' National Bank of Newark, N. J., issued a circular letter yesterday to the creditors and stockholders in which they express their desire "to vindicate the good name and credit of the community," and for that purpose express an intention of raising $725,000 to settle the claims of stockholders and creditors of the bank. The conditions are that the shareholders shall transfor their stock to a person designated by the directors on the payment of the amounts assessed on their respective shares; depositors to receive 100 per cent on amounts not exceeding $200; above that amount 75 per cent, excepting banks, insurance companies and like corporations, the latter to receive such perpentage as may be realized from the bank's assets. The net amount of what may be realized from Nugent & Co. 18 to be distributed pro rata among all the creditors excepting depositors under $200. Any dividends paid by the receiver will be applied on this agreement, which, if accepted, is to be in full payment of claims, and to be carried out by March next.

15. December 16, 1881 Savannah Morning News Savannah, GA
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Hon. Frederick Theodore Frelinghuysen, who was on Monday appointed Secretary of State by President Arthur, is a nephew and adopted son of Theodore Frelinghuysen, who was United States Senator from New Jersey from 1829 to 1835, and Whig candidate for Vice-President on the ticket with Henry Clay in 1844. He was born at Millstone, N. J., in 1817, graduated at Rutgers College in 1836, was Attorney General for New Jersey from 1861 to 1866, and United States Senator from 1866 to 1869, and from 1871 to 1877. During his last term in the Senate he was rated as a staunch supporter of President Grant. He resides at Newark, and is one of the direc tors of the suspended Mechanics' National Bank of that city.

16. January 4, 1882 Wheeling Register Wheeling, WV
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# BLAINE SUCCESSOR. The return o ex-Senator Frelinghuyson to publicafe at Washington, as secretary of stateis an event looked forward to withraternal pleasure by the older senatorand with interest by all. He was a avorite nephew of Theodore Frelinguysen, who ran for vice president onte ticket with Henry Clay in 1844, as wi as a grandson of Frederick Frelinhuysen, who at 22 years of age was member of the continental congress The statesmanship of any descendantf the Frelinghuysens can not, thereforbe regarded as an accidental possesen, Ex-Senator Fringhuysen married the daughter of George Griswold, of New York city, wealthy merchant who was largely gaged in the East India trade. She stately lady, rather reticent than comunicative, but a graceful conversennd as well calculated to adorn the sal side of the state department as anne who has filled that arduous post honor since her intimate personalind, Mrs. Hamilton Fish, and probablnot inferior to the latter, which is high praise. The Frelinghuysens ha six children, three sons and three dahters. The oldest scn. Frederick, islawyer in Newark, and waslately appated by Comptroller Knox receiver of Mechanics' National bank of Newk, whose misfortunes made a recemataclysm in that city. Another sonGeorge Griswold, recently married thiaughter of Peter Ballantyne, the weny brewer of Newark, and one of the ughters is the wife of Mr. John Davis, nephew of Judge Bancroft Davis, of court of claims, who, it is said, wil become first assistant secretary of se, vice Hitt, and thus create a vacanewhich shall restore Secretary Hunof the navy, to his old honors on that somnolent bench. Mr. Frelinghuyse is a pleasant speaker, and a man lose appearance, language, and demear bear out the faet that he came of ace of gentlemen. He is tall and augusin stature, and dresses in black broadbth, with standing shirt-collar, and hu silk hat. He is a member of the Soety of the Cincinnati, a stalwart in politics but of conservative tastes al habits, with great veneration for established mstitutions, and pious fegard for is honorable ancestry, of whor, in adition to those mentioned, Donnie Felinghuysen was famous among th pre-Revolutionary clergymen of Nv Jersey for his religious zeal arl good orks. Mr. Frelinghuysen raintain to this day the old Frelinghusen hnestead, farm and buildings, at Mstown, Somerset county, N. J, as thy were in his boyhood, and evry yeaspends three months at least there, forst and rural enjoyment. Whie a setor he bought at Washington, and stilretains as owner, the house No 1,731 street, where Senator Cameron lived uil his own house was finished. It is woe-cupied by ex-Gov. Washburn,epresentative from Minnesota. Hex-Senator Frelinghuysen lived, anhere it is surmised he will enterta the guests of the state department. se-lection by President Arthur for pnier is one more guarantee of the dified character and management of thew dispensation, already foreshadow by the president himself, and in tap-pointment of the excellent Judge ger as secretary of the treasury.-Phet. phia Press.

17. February 18, 1882 Daily Republican Wilmington, DE
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NEWS SUMMARY. # Deeds of Violence-Grand Firemen's Tournament - Seventeen Railroads to be Prosecuted-Railroad Accident. The case of Fitz John Porter was again considered by the Cabinet yesterday, but no conclusion was reached. It is said that "theonly legal way to afford the desired redress in this case is for President to pardon General Porter thus removing his presents disqualifications from holding office in the service of the United States, and then restore him to his former place in the army by nomination to the Senate." The secretary of Interaal Affairs, at Harrisburg, has placed a list of seventeen railoard companies doing business in Pennsylvania in the hands of the Attorney General, requesting him to proceed against them for their failurel to make an annual report to the Auditor General within thirty days after the expiration of their fioancial year. The penalty for each failure is $5000. The ice in the Hudson river at Albany broke yesterday and gorged below, causing a flood along the wharves, which did considerable damage to merchanlise stored there in the cellars near by. The damage at Greenbash was greater than at Albany. Archibald Johnson, wife and children and a farmer, named Murphy, attempted, on Thursday night, to cros Buczhan Lake, near Lakefield, Ontario in a sleigh on the ice. The night being dark, thes mistook open water for clear ice and drove into it, but only Murphy was drowned. C. S. Coone, Jr., General Ticket Agent for the Onio and Mississippi Railroad, was killed on that railroad yesterday near North Vernon, Kentucky. He put his head out the window and it was struck by a bridge. A telegram from San Francisco reports the destruction of the house of Charles L. Johnson at Coffey's Cove on the Russian River, by a landslide last week. Mrs. Johnson, her infant and a man employed in the house, were killed. A veam of cannelcoal, five feet thick, has been discovered in Murion county, Iowa, thirty aniles from Des Moines. A vein of common bituminous coal, six feet thick.lies sixty feet beneath the cannel. Martin F. Conway, a member of the Thirty-seventh Congress, from Kansas, died in the Government Hospital for the Insane at Washington, last Wednesday, in the fifty-third year of his age. S. N. Snow, publisher of the Evening News, New Bedford, having been detected in a number of forgeries, attempted suicide at Narragansett on Thursday night. His father paid the forged notes. It is stated that the President has received the resignation of Mr. Hyman, Surveyor of Customs at New Orleans, and will, on Monday, nominate Pinchback for the position. Samuel Marsden, colored, aged 11 years, placed a can of coal oil on a stove in Dallas, Texas, mistaking it for a coffee pot. The house was wrecked and the boy killed. The Senate of Massachusetts yesterday passed resolutions expressing abhorrence of polygamy, and urging the passage in Congress of the Anti-Polygamy bill. By a collision between a freight train and a switch engine at Toledo, Ohio, yesterday, two engines were wrecked and Charles Clark, engineer was fatally injured. The receiver of the Mechanics National Bank of Newark announces a second dividend of 20 per cent, making 45 per cent, in less than four months. An eight-foot seam of bituminous coal has been discovered at a depth of eighteen feet, in sinking a well, near Victoria, British Columbia. The boiler of the Georgia Car Works, at Cartervilir, Georgia, burst yesterday morning, killing six men and injuring several others, one of them fatally. W. W. Ezra was kicked to death by a mume in Caroll county, Georgia, ong Thursday.

18. March 15, 1882 The Evening Critic Washington, DC
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News Notes. Queen Victoria has telegraphed to Archbishop McClure, of Dublin, her thanks for his recent pastoral letter in favor of law and order. A dispatch from Panama says that the reports of the disaster caused by an earthquake at Costa Rica have been greatly exaggerated. The status of the strike of railroad laborers at Omaha has not changed since Monday. The non-strikers continue working, with the troops guarding them. A claim of $2,000,000 has been filed against Nugent & Co., of Newwark, N. J., by Mr. Frelinghuysen, receiver of the broken Mechanics' National Bank. Rev. Dr. Burton, of Hartford, Conn., and Rev. Dr. Perrin, of Torrington, have been elected by the clerical representatives of Yale College as successors to Drs. Bacon and Arms. Charles H. Foster, for the past few years a leading editorial writer on the Philadelphia Record, died yesterday morning of pneumonia, after an illness of less than a week's duration. The situation at the iron works at Homestead, Pa., has again become critical. A non-union man was badly beaten yesterday and two policemen shot, though not fatally wounded. A reduction of wages in the spinning department of the Pacific Mills, at Lawrence, Mass., was posted yesterday, and 120 women and girls quit work. It is feared that the mule-spinners will follow their example. The striking laborers at the Union Rolling Mfils, in Chicago, are negotiating with the company for a compromise under which they will return to work. A consolidation of all the trades unions in Chicago into one general organization is being effected. A boat with three sailors arrived at Empire City, Oregon, on Monday. The men said they left the Australian bark Bulwark twenty-eight days out from Yokohama. The officers and eighteen of the crew were left on board. The vessel was in a sinking condition and has probably been lost. The county commissioners of Lancaster County, Pa., have offered a reward of $500 for the arrest of James Shaw, who murdered his wife on March 7, near Bartville, in that county. He is supposed to be in Philadelphia or Baltimore, and will probably try to escape to Ireland. An inquest was held in New York yesterday in the case of George W. Wall, who was shot by his wife, at New Utrecht, L. I., who died at the Presbyterian Hospital, in New York. Mrs. Wall is under arrest, but the testimony taken by the Coroner showed that the shooting was accidental, and the jury so declared in their verdict. At the annual meeting of the stockholders of the St. Louis & San Francisco Railroad, held in St. Louis yesterday, the number of directors was increased from six to thirteen. The directors elected were C. P. Huntington, Jay Gould, Russell Sage, J. E. Seligman, Eiward F. Winslow, A. H. Hatch, James O. Fish, William F. Buckley, A. W. Nickerson, C. W. Rodgers, W. L. Trask and R. S. Hays. A man was found struggling in the water in front of one of the Philadelphia wharves on Monday night and was rescued by a passing steamer. He gave his name as Charles Leishner, and said that he was a stranger and asked a man to direct him to Tenth and Market streets. The stranger conducted him to the wharf, robbed him of $83 and knocked him into the water.

19. March 18, 1882 Huntsville Gazette Huntsville, AL
Article from Huntsville Gazette, March 18, 1882

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AND PERSONAL GENERAL. of the Executive Committee of the have the completed Tennessee H. R. ciety THE of arrangements which Army to for be held in St. in clerk Bank, National the three past Louis annual on reunion, May CORNWALL, 10 and 11. a trusted New York months, City, but has He was bank saw has the Fourth been at stealing last been for when found the out. discovery that he had was been detected "embezzlesome $80,000. He made, his post and in the as Confessed he as he Cornwall the prominent is married of member Church for and and ment" has of a large a Methodist family. several Episcopal years SuperinMein Brooklyn, of Suna a school. director of the N. J., tendent H. CONDICT, Bank, of Newark, brought by chanics' S. National arrested on a civil bail suit being fixed had has been Frelinghuysen, that the Condict bank and and Receiver The charge he situation of directors. knowledge it from bank after his that he sonally concealed $250,000. of to the the the other and knowledge informa- perthat the loss was such tion. was acquired profited by concealing a S. and FAY, RICHAR prominent suicide committe Bostonian, a with revolver, on while wealthy out Boston brains his Tennessee, his health. the benefit by the blowing board South steamer for the was stabbed of but recovered late the almost trip years ago he Mass., effects of in AfSome Dr. Ayer, entirely of Lowell, from the South natives rica other. ALFRED wound. THE Boers and laughtering each Pa., recently Mary O'Conner, and the other night have been BELL, of Erie, aged 15. They he the street. Overwh married happy, out into ended herexby istence were turned his grief of and Jeff, not swallowing child-wife with a two dose she Indians, arsenic. who last, December 10. MARCUS John Hendry Park, in Cal., March at Guihas the murdered hanged at MASON, Lake who shot dishonorably were SERGEANT been sentenced army to and be imprisoned teau, discharged from hard labor. inbeen AGENT the Secretary Indian for eight YORMSTRONG at of has the children un- Interior to der his care Montana, in send the one structed by at hundred the Crow Ohio, agency, to be educated certain farmers fulness. day, to and reared up to N. Y., the dismantled other collapsed, by the AT Bolivar, building was structure Kische three-story and the whole Frederick not live. burying wind, four men. Brad Phelps card miners lost their inreported last were Colliery, IN October dead. several others two (Pa.) seriously properly lives and Mahanoy City not being that disunder jured account at of a The gangway Mine Inspector the mining of superin- laws as tendent, timbered. brought suit Gilgore, the inside safety of the case The a in resulted against trict George responsible for was given verdict to mercy. side working. March 11, and mendation D. to Willis, of jury of guilty, on with daughter of horrible fate the A LITTLE Mo., met a near the track the Atchison, While playing a little boy, flames. with her twin suddenly assistance to her other child's East day. clothingcreamed sister and for burst near, into rushed and in children who was could remove were The William but he his hands to child the rescue; doing which was [burned from crisp. locomotive badly clothing, It is the set that fire a spark to the girl's employee in of passing clothing. WM. the Cleveland KARAMPE, while (0.) manipulating a Rolling Prussian institution, Mill the Company, electric March CleveStates, 10. and said to electric be light. was light killed machinery This is the first of that fatal the second accident in the United of Transit land, with the the Northern the Grand tried IN the case of Michigan Company against of Canada, Court at MilTrunk Company Rai way States Circuit the jury returned $111, in the United Wis., March in 11, the sum of made 166.66. endants. A by defer Louis waukee, verdict for motion plaintiff for new trial Company was Distilling no with war THE $100, St. 000 by declares fire, March that 13 Russia for wants delivthe from erance Ge machinations lost THE Golos and prays of the Chauvinists. W. from 12th eight of the A says DISPATCH that up to the the explosion namely: Va., had resulted her Sidney, from near Ravenswood, Faulkner, Mills and Mrs. steamer.Sid Little and grandson, Ohio; of Frank Charleston, from W. child, of Bellaire, Mr. Kain, deck-hand injured, of Pittsburghens, and others a were some thousand to Middleport, Va.; Mrs. of them o. dangerously Ten of Omaha Square, Jefferson THREE in procession indulged in reins denunciation of govother day, for handing In the evening and the marched Mayor and military. the brickbatting. the of ernment the to the subjected to to charge, in which troops were by a bayonet Armstrong was in the retaliated machinist stabbed named that G.P. he soon expired severely Sonora Railway, Guaymas, projected on with the three Gulf the THE ago to run to from a connection purchased by the It & at years California, has been Fe Company. of be will give Missouri to $3,000,000 from the of will American Atchison, completed Topeka lines, and this Santa year, the Santa a cost Fe the coast. waters through of the Pacific H. WRIGHT. who died in

20. April 14, 1882 New-York Tribune New York, NY
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TWO EFFORTS TO HANG HIMSELF. Michael Evans, proprietor of a restaurant at No. 1,414 Third-ave., appeared in the Harlem Police Court yesterday as complainant against Thomas Lee, a sailor living in a sailors' boarding-house at No. 386 Water-st., whom he charged with creating a disturbance in his place and with breaking a plateglass window, valued at $500. Justice Murray held Lee in $600 bail to keep the peace for one year, in default of which he was committed. Lee was taken to the prison and locked up to await the arrival of the prison van. Shortly afterward Keeper Glynn heard labored breathing in his cell, and hurrying to it found that Lee had suspended himself from the cell door with his shirt, which he had twisted in the form of a rope. He was cut down and with much difficulty was brought to his senses, when he was again contined in his cell. Entering the prison shortly after, Keeper Glynn found that Lee had managed to raise his head about a foot from the floor and had tied a strong piece of twine around his neck, which he had then fastened to the bars, and he was endeavoring to strangle himselt. He was again rescued. When he had recovered his senses he begged for some weapon with which to take his life, saying he was tired of living. An ambulance was telegraphed for to the Ninety-ninth Street Hospital, where he will be held for some time, as he is apparently suffering from some mental trouble. MR. CONDICT TO PAY HIS SUBSCRIPTION. When the directors proposed to revive the Mechanics' National Bank of Newark, President Halsey and Director Stephen H. Condict each agreed to contribute $250,000. The total subscription was about $700,000, The plan was to pay in full all deposits of $200 and under, and to pay all other depositors, except corporations, 75 per cent. The corporations were to receive about 58 per cent. The plan was not accepted by all the depositors and stockholders, and then Director Condict refused to pay his subscription, his excuse being that it would leave him penniless. A civil suit was brought against him and he gave bail in $250,000. He also gave $50,000 bail in a similar suit. Last evening it was announced that he would pay his $250,000 subscription. Director William Clark, who himself has to pay $75,000, having advanced him 15,000 on bonds and mortgages, and the Essex County National Bank and wealthy friends $125,000 more, also on good securities. The bank will be revived as soon as possible.

21. April 15, 1882 New-York Tribune New York, NY
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EFFECT OF MR. CONDICT'S SUBSCRIPTION. The announcement yesterday that Stephen H. Condict, the accused director of the Mechanics' National Bank, had greed to pay $250,000 toward the fund raised by the directors in partial liquidation of the claims against the bank has caused considerable talk in Newark. The proposition to the creditors has been revived in its original form and the bank will be reopened. The money which has been subscribed for the payment of the bank's debts will be placed in the hands of George A. Halsey as trustee III a few days. The conditions upon which Condict's subscription was renewed are not disclosed. District-Attorney Keasbey 18 in Washington and it is not known that be has been made aware of the new turn affairs have taken. Nor is it known precisely what the receiver will do. it is optional with him to press the civil suit or to accept Condiet's proffered payment. It is believed that he will elect to accept the arrangement of the directors. Meanwhile the papers in the criminal suit have been made out and are in the hands of the District Attorney to be forwarded to Trenton for the United States Grand Jury, which meets on Tuesday.

22. June 18, 1882 New-York Tribune New York, NY
Article from New-York Tribune, June 18, 1882

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REESTABLISHMENT OF A NEWARK BANK. Arrangements are well advanced for the reestablishment of the Mechanics' National Bank, which suspended on October 31 in consequence of the dishonesty of Oscar L. Baldwid, its cashier. The payment of the creditors of the bank, according to a plan by which the directors subscribed $750,000 to pay the bulk of the indebtedness, has proceeded satisfactorily. Nearly all the creditors have received their checks from the fund subscribed. The plan contemplated the reestablishment of the bank. The following men are already announced as directors: George A. Halsey, William Clark, Marshall C. Lefferts, Frederick Frelinghuysen, Henry C. Howell, Stephen J. Meeker, Huzo Franzell, E. D. Gaddis, James F. Boud, Bernard M. Shanley and John T. Leverich. It is expected that George A. Halsey will be president and James F. Bond vicepresident. Both of these men were connected with the old directory of the bank. All the directors represent import: nt interests. The capital of the new bank will be $300,000, and next Tuesday the subscription books will be opened. Blocks of the stock have already been taken and many of the men who had their money with the old bank have promised their deposits. The committee of the directors are negotiating with the receiver for the purchase of the old building, the price named being $65,000. The name of the new bank has not yet been decided upon.

23. October 27, 1883 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, October 27, 1883

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BROKEN BANKS. - Chancellor Runyan has rendered a decision in the suit of Ackerman against Halsey and others. Ackerman, a stockholder of the defunct Mechanics' National Bank, of Newark, sued Pres. ident Halsey and the Directors of that institution for losses incurred through the neglect and mismanagement, by which it became possible for Cashier Oscar L. Baldwin to steal $250,000 of the bank's money. The receiver of the broken bank refused to institute suit against the Directors, and Ackerman thereon brought it individually. The defense demurred, claiming none but the receiver could sue in such a way. The Chancellor's decision overrules the demurrer and holds that the bank officials were liable personally for the failure through neglect to perform their duties properly, and that when the receiver refuses to bring suit against them any stockholder may do 30.-[Philadelphia Call.