Third Avenue Savings Institution (New York, NY)

Episode Information

Episode UID: 1316429790862
Episode Type: Run → Suspension → Closure
Bank Type: savings
Bank ID: 131642979 hash
Start Date: October 10, 1871
Location: New York, New York (40.714, -74.006)

Metadata

Model: gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 26fa3d62db7451e9

Response Measures

None

Description

The bank survived a significant run in October 1871 and another prolonged run in January 1872, but eventually failed and was placed in receivership in 1875 following investigations into insolvency and perjury by its officers.

Events (5)

1. October 10, 1871 Run

Cause: Bank Specific Adverse Info
Cause Details: Sensational stories printed alleging the bank was insolvent and in a rotten condition for two years.
Measures: The bank continued payments and eventually saw a portion of the money returned.
Newspaper Excerpt: The run on the Third-ave. Savings Bank closed yesterday, after $250,000 had been withdrawn by depositors.
Source: newspapers

2. January 3, 1872 Run

Cause: Bank Specific Adverse Info
Cause Details: Reports of directors' disastrous relations and false entries in reports to the state banking department.
Measures: Police were called to manage crowds; bank officials attempted to raise more cash and invoked the thirty days' grace rule for some depositors.
Newspaper Excerpt: There was a run on the Third avenue Savings Bank this morning. The crowd had to be kept back by the police.
Source: newspapers

3. September 29, 1875 Suspension

Cause: Government Action
Cause Details: Closed by the Superintendent of Banks following an examination that revealed insolvency and fraudulent reporting.
Newspaper Excerpt: letter recommending the closing of the bank on Sept. 29... Ellis thought it best to close the institution
Source: newspapers

4. October 1, 1875* Receivership

Newspaper Excerpt: Samuel H. Hurd, receiver of the Third Avenue Savings Bank
Source: newspapers

5. March 3, 1876 Other

Newspaper Excerpt: William A. Darling and Spencer K. Green, accused of perjury in swearing to a statement of the condition of the Third Avenue Savings Bank.
Source: newspapers

Newspaper Articles (25)

1. October 11, 1871 New-York Tribune New York, NY

Article from New-York Tribune, October 11, 1871

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NEW-YORK CITY. The steamboats Daniel Drew and C. Vibbard will be withdrawn to-day for the season. The run on the Third-ave. Savings Bank by closed. yesterday, after $250,000 had been withdrawn depositors. There was paid, yesterday, at the Tax Comsioner's office, $82,840 11 on personal property, making a total, thus far, of $1,382,777 25. The regular course of lectures at Bellevue evening Medical College will be opened this T. Lusk. with Hospital an introductory address by Prof. William The flags were floating over the City decla- Hall, in honor of the third anniversary of the of yesterday. ration of Cuban independence, and the birthday Father Mathew. The steam gauges in the cabins of the new ferry-boats Fulton and Farragnt, are matters of great curiosity to all the travelers on that line, and apparently profound mysteries to most of them. The German Women's Aid Association has $5.000 from the State in favor of the German received In addition, $6,188 was collected by the Treasurer Hospital. during month. The average number of patients each week was 77 An evening class for instruction in phonoshort-hand writing will be opened at the Mergraphic Library to-morrow evening, with Mrs. Eliza lessons, B. cantile Burns as teacher. The course will comprise 20 and will extend over 10 weeks. The Bar Association appointed last evening the following Committee of Fifteen to report such measures as they may deem advisable to secure the election of competent indicial officers at the ensuing Hand, Messra, Nicoll, Emott, Man, Crosby, ParSewell, election Southmayd, Ogden, Board Tremaine, BODS, Paris, Mitchell, Kirtland, and T. R. Strong. The German Brewers' and Coopers' Benevolent Association elected, yesterday, the following officers Vicefor the ensuing year: President, George Ringler: President, Mr. Schmitt : Financial Secretary, Trustees-Mexer Mr. Mayer; Recording Secretary, Mr. Freyberg: The Hueyfel, Fischer, Schimmelpfenniz. and Gunther. Treasurer reported a balance of $2,700. The promptitude with which THE TRIBUNE all published, in an extra edition, far in advance of competitors, the valuable reports of the Citizens' Committee was generally commented upon in newspa- enteryesterday, as piece of legitimate r circles, and au illustration of the vigor with which it prise. the Ring without indulging impotent personal lights abuse and charges that lack any legal evidence of their truth. The third anniversary of the inprising in favor of the independence of Cuba, was appropriately and enthusiastically celebrated yesterday by the Cuban residents in this city. In the morning a solemn mass was celebrated at St. Stephen's Church for fighting the repose for the of soule of the de eparted heroes who fell the cause. In the evening a large and demonstrative Cuban embled in Cooper Institute which was apaudience asse garlanded with flags and flow and propriately speeches by the warmest friends of the Lone listened to Francisco V Aguilera presided, aud read Star Republic. in Spanish to the meeting. The speakers an address Francisco Aguilera. Charles . were Ramon Cespedes, F Dugan of Brooklyn the Rev. 1 Dana. Enrique Pinegos, McMahon, F. Valdes Mendozo, George Brown, T. Palma, Major Gen. Haggerty, Wm. A. C. Ryan, and others. BROOKLYN. The Society for Improving the Condition of 15, Poor has received during the past year. $26.785 i and the expended $26,670 35, leaving a balance of $114 80. LONG ISLAND. 8 ISLIP.-W. H. Smith's residence, through the explosion of a kerosene lamp which his wife was carry ing up stairs was burned on Monday night. Loss, $3,000; insured for $1,700. JAMAICA.-Matilda Heberly age 30, applied for on a war the the arrest of her husband, yesterday, adulrant for that he had deserted her, and committed was ground tery with his daughter, age 13. The application granted. HUDSON RIVER COUNTIES. YONKERS.-Semon Medoul of No. 445 West Seventeenth-st., New-York, was seriously injured. on Monday morning, by being struck by a train of the Hud- Hos son River Railroad. Taken to St. John's Riverside pital. PLAINS.- -John B. Trevor and James B. Colgate of WHITE Yonkere have given $25,000 to the Baptist Church this place. NEW-JERSEY. JERSEY CITY.-The Republicans of the VIIIth District of Hudson County have nominated James Ryder for Assembly The Republicans of the IIId Assembly The District will hold a new primary, Friday night Democrats nominated Judge Rankie in the Ist and John Van Vorst in the IIId Assembly District. last night Mayor O'Neill still refuses to sign warrants Police in payment incurred on July The Chief of reports of bills collection of $4,722 50 in flues during the last quarter. the Edwards died, yesterday, in the Charity the Hospital, Thomas from the effects of injuries received on Cunard wharves, Sept. 9. PATERSON.- the County Court, yesterday, Charles child died special Taylor was convicted of kidnapping an illegitimate meeting of the which subsequently was called by theiMayor. last night, for Board of Aldermen the relief of sufferers at Chicago. The to take action meeting in the Wigwam for similar purcitizens held Collector reportsexpenditures.big.com during pose. The September County Chosen Freeholders Waterhouse to cona been have Committee appointed and fer with the Francisco Morris Canal Company in regard to straighth ening and widening the canal-bridges in Passaic County. Frederick and Mary Peck were convicted yesterday of stealing eight or ten tuns of coal the Delaware and Lackawanna Railroad Direct from communication with Newark via the Paterson The postal Newark Railroad was opened yesterday and County Democratic Convention nominated WilPassaic 8. Kinch for County Clerk yesterday. Mrs. Van liam of Vine-st. was thrown from her wagon in CarrollRiper Monday night, sustaining fracture of the arm. st., accident was due to the carele AMBRESS of a contractor, The who had blockaded the street with building materials. NEWARK.-The Grand Jury yesterday made a preof the New-Jersey Central Railroad Company, sentment it for negligence in the disaster at Brill's censuring July 8. Judge Depue said that the subject Switches on public interest, and the Court was gratwas one of great of invesGrand Jury had made it matter ifled that the Adolph Morlock severely wounded Frederick tigation. accidental discharge of pistol yesterday. Keifer by the W. Plume, Col. Gen. Runyon has detailed Gen. Joseph exM. Drake, and Col Wm Allen as Board for the J amination o officers Attidavits Mr. have Murphy been of presented High-et. to the Grand Jury charging ticket on the Newark and New with using ar another P. man's P. Baunders's drug-store was damYork Railroad by fire yesterday Letters of administration have aged $500 been granted ou the estate of J. Morris Keen, representing $50,000. PASSAIC.-An effort is making to establish a branch the New-York Mercantile Library, 60 of the 100 subof having been secured The Village Council has scribers Superintendent Rverson's last bill, amount ing paid Street to 411. and has not taken further action with regard to his removal. ENGLEWOOD Work on the Overpeak Canal has been The Atheneum Managers have ordered 852 New-York. begun. opera chairs, similar to those in use at Steinway Hall, HOBOKEN. Republicans held a mass ratification at Odd Fellows' Hall last night, Gen. Van Buren and meetin; J. W. Scudder making addresses. POLICE NOTES. Adna G. Underhill, age 35, of No. 226 West Fiftieth- breast committed suicide. last night. by abooting bimself in the left st. fire in the storage warehouse of J. W. Watkins, ID suped. at No A 120 Greeuwich-st. last night. destroyed goods worth $500.

2. October 14, 1871 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, October 14, 1871

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STATE BONDS-Very weak, Tennesee and new South Carolina leading the decline. STOCKS-The Stock Exchange presented an annimated scene during this morning, and the volume of business was large. Railway speсиlation opened with a buoyant feeling, and prices advanced from 1 to 3 per cent, but the announcement that a large operation in Reading & Philadelphia had falled precipitated the market into a state of depression, and the early improvement was lost. Reading was the weakest, and declined to 100%. During the afternoon it was rumored that the Commodore had loaned some leading operators $5,000,000, which started the market up once more, and the highest prices of the day were made. The market at the close was strong and higher. The Improvement ranged from 2 to 6 per cent, and was most marked in Reading, Lake Shore, New York Central, Rock Island, Ohio, and Western Union Telegraph. The dealings in Reading were very active at the close, and large blocks of stock changed hands. The run on the Third Avenue Savings Bank has ceased, and a portion of the money withdrawn is being returned to the bank.

3. October 14, 1871 The New York Herald New York, NY

Article from The New York Herald, October 14, 1871

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GOVERNMENTS BETTER. The government list was better and generally steady. A sharp inquiry for '67's set in to cover speculative sales, and these issues became exceptionally strong. The following were the closing street prices:-United States currency sixes, 110X a 111; do. do., 1881, registered, 114 a 115; do. do., coupon, 115% a 115% do. fivetwenties, registered, May and November, 109 a 110; do. do., 1862, coupon. ao., 114% a 1143: do, do., 1864, do. do., 1131/2 a 113 / do. do., 1865, do. do., 114% & 114% ; do. da, registered, January and July, 112 a 112% coupon, do.. 1121/2 a 112%: do.do., 1867, da. do., 1121/2 a 112X; do. do., 1868, do. 112% a 110; do. ten-forties, registered, 107 a 107%: do. do., coupon, 108% a 10916. SYOCES FEVERISH AND STRONG. The stock market was leverish, with wide fluctuations. but gradually strengthened, and left off with a decided improvement in both feeting and prices. The lowest prices of the day were made soon after the morning Board, and were occasioued by a Phuladelphia telegram announcing the failure of a heavy operator in Reading. This stock dropped to 100 amid great excitement, and by its decline set the rest of the market on the downward turn again. A rally toward the beginning of the second session of the Board inaugurated a spirited reaction in prices, particularly when one of the firms which suspended a few days ago sent word to the Stock Exchange that they were ready 10 pay all claims in full with interest. The arm in question, Messrs. H. S. Camblogg & Co., acopted the very prudent and honorable course of suspending before the declining market had rendered them insolvent. Hence they have been able to sottle in full with all creditors and resume business. Again, the malicious insinuations RS 10 the standing of one or the Walf street banks were openly withdrawn by the operator whose offer to sell its stock on time op. tions occasioned so much indignation on Thursday evening. He not only retracted what he had said, but, it is reported, made the amende honorable by proceeding to the bank and apologizing to its omcials. The clearing up or the atmosphere generally, so far as the banks are concerned; the truupph of the Third Avenue Savings Bank in living out the run upon it, and large purchases or good stocks for legitimate investment, imparted quite a cheerful tone to the market later in the afternoon. Reading got back to 106 on heavy dealings, resulting, it was said, from orders to buy given by the wealthy lady speculator residing in Providence, whose operations in this stock we have had occasion to speak of before. Before the wind-up of business this serenity was somewhat marred by another failure in Philadelphia. Reading receded to 104 and other prices tell OII, but in less proportion, the final street market being dull and steady. HIGHEST AND LOW EST PRICES. The following table shows the high est and lowest prices of the principal stocks during the day:-

4. October 21, 1871 Clarksville Chronicle Clarksville, TN

Article from Clarksville Chronicle, October 21, 1871

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t NEW YORK, Oct. 10.-The panicky state of the stock market continues, and fluctuations are wide, the average decline being three or four per cent. lower compared with last evening. Great excitement prevails.Many failures are apprehended. The banks are crowded. It is stated that fifteen insurance companies were winding up and closing business. CINCINNATI, Oct. 10.-The subscriptions for the relief of Chicago continue to flow in finely, and the amount of money being contributed bids fair to reach a quarter of a million dollars. THE generous action of Louisville, who, for her population and means, has contributed so royally, is commented upon in the highest terms, and warm praises of her magnimity and generosity are heard on all sides. NEW YORK, Oct. 8.-A sensational story is printed to day, that the 3rd A venue Savings Bank is insolvent, and has been in a rotten condition for two years. It is said that the State Examiners have reported the liabilities of the bank to be $483,000 in excess of its assets. G. M. Van Buren, U. S. Pension Agent in this city, was arrested yesterday, charged by Commissioner of Pensions, Byker, with being a defaulter to the amount of $11,000. He gave bail in $15,000 to appear for trial. Rumor says a civil suit has been commenced in the Supreme Court against James Fisk. Jr., by a lady whose name has been intimately associated with him. The affidavits in the case, it is alleged, expose much of the secret history of the Erie magnate, and show to what extent the Tammany ring and the Erie ring have united for plunder. The annual election of directors of the Erie road comes off on Tuesday.

5. November 29, 1871 The Abbeville Press and Banner Abbeville, SC

Article from The Abbeville Press and Banner, November 29, 1871

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under the ruins of the Chicago bunding. Dr. Hartmann, a prominent suits physician of St. Lquis, has brought for the Times of that city laying at fourteen thousand that while were out of order the against three damages water It is libels, said his the aggregate milkmen Chicago dollars, to their customers the milk everebjoyed in Hats of the kind just now richeat distributed that worn eityes by of ladies are said to be reproductions the styles worn for the last hundred years by the women of the Swiss cantons. It is said that the New Bedford merchants, who are rolling in wealth, greatly amused at the projects relief suggested are for their pecuniary disas in consequence of the whaling ter. Notwithstanding the report that Nathan house in Twenty-third street the is haunted, Mr. John Morrissey has boldly bought it, and, it is said, In will open it as a "clubhouse." which event, visitors may be sure they'll see DO ghost-noteven a ghost of a chance. General Grant has found a warm and ally in the London Times eulogist which, in its number of October the 31, "with satisfaction of General Grant to a election anticipates does second this of office." What mean? term It is hardly possible that the Thunderer" has fallen into that that silly delusion "The story arrange con: cerning the matrimonial and ments between Master Fred. Beatrice has any truth in it. And it looks as though the big trim- blus. yet tering journal of London were breeze. ming its sails to catch that It appears that, after all, the new evidence reported in the Tichborne has amounted to very little, Nearly trial all the sensational stories the London papers about new in the case are discoveries told in quite been unArthur Orton has not the found; true. the sailor who was on Bella with Roger Tichborne turns out to be a myth, and the trial must be fought on the evidence already little given, with the addition of a corroborted or contradictory testion each side. recent exposure by York press of the mony The daily reckless the York man. New agement of many of the New institutions for savings, beginning Bank the Third Avenue Savings of with now caused the suspension have more-the National Bowling two and Guardian Savings Bank which Green were compelled to close their doors on Saturday It is a signififact that the president of these cant Smith and "Boss" the leaders Tweed-were "banks-"Hank" respectively Democratic of the Republican and sides of the Ring that lately controlled the destines of New York. New York is thoroughly frighten- welInstead of one expected ed. visitor-the Grand Duke-she has come two unexpected and unwelcome ones-the cholera and small pox. have already noticed the arrival We the German steamship Franklin, of of cholera, at quaran. a harbor. Now comes fact that tine with no less in startling the cargo small-pox the in rapidly extending its ravages that is and the World asserts two hundred in the community fit there the city, are thousand subjects vacci- per- for sons the disease, never having been This seems to be treated as a serious matter by nated. more the cholera, New Yorkers than the advent of the they comfort themselves with be idea as that the cholera is not to dreaded in the winter. The experience of Russia in the matter of winter ravages of this plague do not, however, sustain this idea.

6. January 2, 1872 Rock Island Argus Rock Island, IL

Article from Rock Island Argus, January 2, 1872

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THE INSURRECTION IN MEXICO ! Conversion of Tarks to Oatholicism General Summary. Market Reports. (Reported Expressly fort ABGUS.] NEW YORK, Dec. 1.-Jem Mace is out with s challenge to any man in the world to fight for $2,000 a side, or for any greater sau. The fight to be his last. Miss Morella Grey, of Greenfield, Ulster county. about 22 years of age, was on the 8th inst. taken by her sister, Antoinette Telber and Mary Hermon. of Ellenville, to the house of Dr. Foster Sherwood, of Hem owack, Sullivan county, to be treated, Sher wood having gained an unenviable reputs tion as an abortionist. OB the 13th, hav ing become liable to die on the doctor's hands, she was removed to Chatty Acker's garret, and after intense suffering, aggra vated by exposure and neglect. she died on on Christmas night. Sherwood took her on his back. carried her down stairs like slaughtered beast, and began preparing for her burial. The doctor's undue haste for her interment, and other circumstances, aroused the suspicions of the authorities. An inquest was held on Wednesday, and it was proved that she died of an abortion. Sherwood has fied. The seventy have sent a circular to the city senators and assemblymen, demanding speedy legislation for the removal of Mayor Hall. Archbishop McClosky to-day congratu lated his hearers upon the conversion of t 20,000 Mussulmen to Catholicism. The Third Avenue Savings Bank, which I withstood a run in October, will probably fail this week. To-morrow's papers will tell the story of the directors' disastrous spect relations, and show that when they reported to the state banking department that the bank had $210,000 surplus, it was really $50,000 worse than nothing, according to to one estimate, and $178,000 according to 8 another. Its embarrassment began with excongressman Wm. A. Darling's brother-inra law's $75,000 defalcation, and :his was fol lowed by a loss of $250,000 on Atlantich mail, in which at least one of directors was interested. A minority of the directors swear that the officers made false entries on or the books, sent illusory reports to the legis olature, and used the bank's fund for legisla tive purposes. Briefly, the institution is rotten. m to At a meeting of the Long Island city board of education, last night, a petition of ie a number of Catholic citizens for the repeal of the portion of the by-laws providing for the daily reading of the scriptures was un 8 animously denied. MATAMORAS, Deo. 31.-The revolution is advancing into the state of Tamaulipas. Gen. Quirogas insurgent appeared before Myer this morning in considerable t, numbers, when Gen. Cortinas troops, who have on 8. 30 is g will occupaargo, they occupied miles entrench distant, the and place, fight. where fell it back The supposed Camy tion of Myer by the rebels gives them a port ll of entry on the frontier to obtain supplies. s, MATAMORAS, Mex. Dec. 31.-The revolus, tionists under Quiroga entered Niger this is morning. The government forces have fallen back to Camargo without resisting y The town of Tulo has pronounced for the m revolutionists. This pronunciamento closes es all communication to the government forces ng between Tampico and San Luis. or Canalca has been nominated governor of the state of Tamaulipas. He is now er, organizing national guards to defend the state. SAN FRANCISCO, Dec. BI.-Advices from the city of Mexico to Dec. 7, and from Aca. pulco to the 22nd, are received. The gov ernment of Merclay is holding the revolutionists at Nuevo Leon in check, and using the whole available force to crush the Diaz revolt in Oaxaca first Several small enand gagements resulting. Diaz was compelled to per abandon the open field and retreat to the L city of Oaxaca. He was pursued by federal lly troops under Gens. Alatore, Racha, and Tigueros. The troops sent by Diaz to in vade Querroero under Jiminez were routed by Gen. Arce at Omelpec and driven back to Oaxaca with loss. , Querero and all the western coast, with ed the exception of Oaxaca and the port o Mazatlan, is quiet, and in the possession o the federal authorities. SAN FRANCISCO. Dec. 31.--A dispatch from San Bernardino says the Arizona Apaches.have left the Verdan camp, Mc mDowell reservation, and demand a camp a old Fort Reno. We may look for an Indian war in Arizona. The people have been to much oppressed to listen now to any Colye policy. WASHINGTON, Dec. 31.-The secretary o the treasury has authorized the assistan treasurer at New York to sell $1,000,000 in gold on the second and fourth Thursdays and to purchase $1,000,000 of bonds on th first and third Thursdaya during the month g of January ork, The conduct of the Spanish war steame in firing upon the Florida after she left S Thomas. is to beat once investigated. Th present unofficial advices indicate that solid shot was fired without the marin )., league, and therefore upon the high seas e If this prove true, a orisia may be suddenl

7. January 3, 1872 Evening Star Washington, DC

Article from Evening Star, January 3, 1872

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Run on a New York Savings Bank. NEW YORK, Jan 3.-There was a run on the Third avenue Savings Bank this morning. The crowd had to be kept back by the police. Towards 11 o'clock the panic abated, and many depositors went away expressing confidence in the bank. All depositors now claiming areito be paid off by half-past 12.

8. January 3, 1872 The New York Herald New York, NY

Article from The New York Herald, January 3, 1872

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GOVERNMENTS STRONG. The government list was strong on the demand for the reinvestment of coupons, but in some issues fell off a shade at tne close on account of the strin. gency in money. The following were the final street prices:-United States currency sixes, 115 1/4 a 1151/2; do. sixes, 1881, registered, 114 1/2 a 115; do. do., coupon (ex int.), 115 a 1151; do. five-twenties, registered, 1865, 110 a 1101/2; do. do., 1862, coupon, 110 1/2 a 110%; do. do., 1864, do., 1101/6 a 110: do. do., 1865, do., 112% a 112% do. do., registered, 1867, 112 a 1121/2; do. do., 1865, coupon (ex int.), 111 1/4 a 111%; do. do., 1867, do. (ex int.), 112% a 1131/6; do. do., 1868, do. (ex int.). 113 a 113%; do. fives of 1881, funded, registered, 109 % a 109%; do. do. do., coupon, 109% a 110: do. ten-forties, registered, 109 1/4 a 109% do. do., coupon, 110 a 1101/2. SOUTHERN SECURITIES STRONG. The Southern list was strong, in sympathy with a sharp rise in the Virginias and South Carolinas. The Governor of Virginia has vetoed the bill to stop funding, while in the case of the South Carolinas it is asserted that the debt statement includes bonds belonging to the Treasury which have been hypothecate for 15c. a 20c. on the dollar. The following were the closing prices:-Tennessee, ex coupon, 63 1/2 a 64; do., new, 63 1/2 a 64; Virginia, ex coupon, 60 a 61; do. registered stock, old, 46 a 62; do. sixes, consolidated bonds, 531/4 a 59; do. sixes, deferred scrip, 21 a 22; Georgia sixes, 70 a 78; do. sevens, 80 a 87; North Carolina, ex coupon. 32 a 34; do., funding, 1866, 22 a 24; do., do., 1868, 20 a 22; do., new, 14 a 17; do., special tax, 13 a 15; Missouri sixes (ex int.), 95 a 9514; do. Hannibal and St. Joseph (ex int.), 90 a 91; Louisiana sixes (ex int.), 60 a 65; do., new (ex int.), 55 a 60; do. levee sixes, 62 a 65; do. do. eights (ex int.), 70 a 75; Alabama fives (ex int.), 60 a 65; do. eights (ex int.), 91 a 93; do., do., Montgomery and Eufaula Railroad (ex int.), 87 a 92; South Carolina sixes, 50 a 60; do. new, January and July, 26 a 27; do., do., April and October, 22 a 24; Arkansas sixes, funded, 50 a 53. STOCKS STRONG BUT UNSETTLED. The stock market led off with a brilliant beginning for "the January rise," and prices up to the last formal session of the board were exceedingly strong, with an advance of 1/a a 3 per cent and an active and well distributed business, the speculation running into the miscellaneous railways and bringing out fresh subjects from among the obscure members of the general list which forms "the call." The stringency in money and the rumor of a run on the Third Avenue Savings Bank unsettled calculations toward the close and induced a pressure to sell, which carried prices down quite rapidly. although there was an eventual second rally in some features, such as Wabash, which, in the final dealings on the sidewalk, recovered to the highest potat of the day. Hannibal and St. Joseph preferred sold at 68 1/2, Panama at 75, Boston. Hartford and Erie at 31, and Columbus, Chicago and Indiana Central at 20% HIGHEST AND LOWEST PRICES. The following table shows the highest and lowest nrices of the principal stocks during the day:-

9. January 5, 1872 The New York Herald New York, NY

Article from The New York Herald, January 5, 1872

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SHAKING UP A BANK. The Run on the Third Avenue Savings Bank Increasing-Slight Evidences of Alarm on the Part of the Officials-The Bank Still Paying Dollar for Dollar. The aspect of affairs around the Third Avenue Savings Bank was yesterday anything but cheering to the trustees, who declare that they have carefully protected the interest of depositors and labored incessantly to make It worthy of the confidence of the public. When the doors were thrown open yes. terday at ten A. M. there were present fully seven hundred persons, for the most part composed of well-dressed business men-who it is safe to say were large depositors--who at last had become alarmed at the prospect. The office of the institution was quickly filled to Its utmost capacity, and the work of paying out commenced, the police, who were well drilled in their duties by Captain Cameron, letting in new applicants as fast as those who secured their cash went out. During the early part of the day the teller paid at the rate of one per minute; but in the afternoon he relaxed his energy and paid at the rate of one every two minutes. About two o'clock Mr. Coal, one of the trustees, who had been absent in Connecticut, arrived, and, after a consultation with Messrs. Harrison and Bates, Captain Cameron was instructed to admit no more until those inside had been paid off, the trustees remarking that having paid out the day before three and a half hours more than the law called for their clerks were tired out, and they proposed to close promptly at three o'clock. The order was carried out, there being a half hour before that time 121 depositors within the bank and 203 without by actual count. The teller paid out slowly until three o'clock, when there were about fifty turned out unpaid and payments were suspended for the day, much to the disgust of the depositors, who complained at the tardiness of the paying teller, and took it as an mdication that the funds were giving out. Mr. Harrison assigned a very different reason-viz., that the paying teller was worked beyond his mental and physical capacity and forced to abate his energy. To say that the depositors were anxious is a mild term. They were panic stricken; and when they were turned away unpaid in the afternoon many remarked, "That 18 the end of it," "The bank will not open to-morrow," "My money's gone, sure." The officers of the bank, however are still confident and say that they have more money on hand; that they will open at ten o'clock this morning, as usual; that they received $250,000 more cash yesterday, and will not give up until forced to do so. They had. it is reported, cash on the first day of the run about $2,000,000, and secured yesterday $250,000, making total cash $2,250,000. They have paid out probably a million and three-quarters, leaving half a million still on hand. At the rate they paid out yesterday this will last to-day and part of to-morrow, and President Lyons hopes to raise a million more to-day. Still, as the deposits were when the run was inaugurated above seven millions, there are grave fears that If the demand 1or monev for the next two or three days is as great as it was yesterday the institution may be compelled to suspend for a few days to realize on its securities. Messrs. Lyons, Green, Bates, Harrison, Owen and Coal have been very active in arranging for the run, but yesterday they were not so sanguine as be. fore of their ability to withstand the snaking up the depositors are giving them. One of them declared that while they could obtain an abundance of money by makiag sacrifices of securities held by them as trustees of the savings of the poor, they would not rob thein by forced sales of stocks at rutnous rates, and would take advantage of the thirty days' grace If the exigencies of the case de manded it. It is likely that the run to-day will be large; but as not more than fifty per hour are paid, and there are but five banking hours, it Is safe to say that not more than 250 will be paid during the day. Consequeatly it will be very unlikely that any who arrive after eight or half-past eight A. M. and have falled to get near the head of the line can reach the paying teller's desk before the hour for closing. As yet no other banks have rendered assistance, and it was even reported on Wall street yesterday that the bank had suspended. To-day will likely demonstrate whether the institution can withstand the storm. If 11 be true that the bank has no bad debts, and that its assets exceed the deposits by nearly eighty thousand dollars, it is to he regretted that any person claiming respectability should strive to create distrast of it. il such a course is to be encouraged there is not a savings bank in the city safe.

10. January 5, 1872 The New York Herald New York, NY

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STOCKS WEAK AND LOWER, The stock market was weak and unsettled in the forenoon by the rumors of probable trouble with Spain, and finally gave way quite rapidly at the second board on the report that the Third Avenue Savings Bank had suspended. The real reason of the decline, however, was the sale of long stock by the clique operators, who are disposed to make a "bear" campaign as a sort of an intermediate diversion preliminary to the spring rise, and, doubtless, we shall see the veteran Mr. Drew selling "calls" on the market as readily as in November and December he was selling "puts." Moreover, the market was not in an advantageous position to make a good start in the spring speculation. Prices were too high to begin upon. The "January rise" was discounted in December, Meantime the future of the money market is not so clearly foreseen, and the late "Dulls" (now "bears") are not so sanguine of a relaxation with the January dividends. The banks own a fair amount of legal reserve, counting in their specie, but the elastic and available portion of it is only $40,000,000 of greenbacks against liabilities or over $200,000-that is, the banks hold less than 20 per cent of available legal reserve. The creation of new banks under the Fiftyfour million bill, the Chicago fire and the cancellation of about $25,000,000 of three per cents have been equal to a contraction of between twenty-five and fitty millions in the legal reserve of the banks of this city. The financial situation is greatly obscured, and does not exhibit so roseate a hue as the "bulls" would like, especially as the stringency in money may be severely aggravated by the efforts of other savings banks beside the Third Avenue to hold as much legal tender currency on hand as possible in order to be prepared for any "run." Under these circumstances the larger pools and professional speculators have sold out, and are disposed to see a "bear market" inaugurated and a decline in prices to figures which will furnisn'a more acceptable and popular basis for the beginning of the spring and summer specu-, lation. The course of the market will be seen in the tables of comparative prices and closin be street quotations. HIGHEST AND LOWEST PRICES. The following table shows the highest and lowest

11. January 9, 1872 New-York Tribune New York, NY

Article from New-York Tribune, January 9, 1872

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NEW-YORK CITY. Flags were displayed on the City Hall yesterday, in honor of the anniversary of the Battle of NewOrleans. Francis A. Palmer filed, yesterday, his bond of $200,000 as City Chamberlain. F. P. Schools and Matthew Kane are his bondsmen. The steamship Wyoming, Capt. Whineray, reached Queenstown, Jan. 5, after a voyage across the Atlantic of only 8 days and 12 hours. The run on the Third-ave. Savings Bank continued, yesterday. but there was no rush and no exeitement. All depositors applying were promptly paid. A curling match was played yesterday at Central Park between the Empire City and Thistic Clubs, the former winning by 8 shots in a score of 82 to 74. The match between the North and South takes place to-day. An application was made yesterday before Judge Bedford for the release of Charles Moore, the emigrant robber, on the ground of the non-appearance of the complainant, Anton Kornack, and the ill-health of the prisoner, who ie now contined in the Tombs. Judge Bedford refused to act on the application because Recorder Hackett had made the commitment The Commissioner of Public Works discharged, yesterday, the following attachés of that Department : William H. Cook. Deputy Superintendent of Repairs and Supplies, salary $4,000 per year; the Deputy's clerk, salary $1,800 per year: four inspectors of sewers, salary $3 a day each, and two messengers, salaries $1,200 per year each This makes a reduction of $163,700 per year in the expenses of the Department of Public Workssince Mr. Van Nort has been Commissioner. Henry Bergh writes to THE TRIBUNE, denying the statement that he had promised to certain sporting men that, if they would shoot a pigeon-match in this county he would make a test case of it. He adds have never entered into any such unlawful engagement; for the simple reason that I should be making myself an accomplice in the violation of the very laws I am striving to enforce. Nor is any test case required, tbecause the law is already clear enough on the subject of needless mutilation and killing of any living creature."

12. January 9, 1872 The Wheeling Daily Register Wheeling, WV

Article from The Wheeling Daily Register, January 9, 1872

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ment only was permitted to take part in the work of conveying the body to the depot. A large number of officers of other regiments were present, The bands of the Ninth regiment and of the Oschenbrodel Verein soon arrived; the procession then formed, and at about 2 P. M. moved. The hearse was drawu by four black horses richly caparisoned. Carriages followed containing the relatives of the deceased and others. On arriving at the depot a special train, which had been waiting, conveyed the body to Brattleboro', Vermont, for burial. Our Relations with Spain. A Washington special to the Tribune says considerable excitement was caused in Washington by the report that Senator Roberts, Spanish Minister, had demanded his passports. Careful inquiry, however, proves the report to be untrue. The Tribune also states that it is reported that the Secretary of War has telegraphed to Gen. Jeff. C. Davis, Superintendent of Recruiting, to retain all recruits in New York city instead of sending them to western stations as heretotore. Army officers regard this as a sign of preparation for possible hostilities, indeed by the aspect of our relations with Spain. Mexican Affairs. The Herald's special from Matamoras, by Brownsville, Texas, of the 7th, says dispatches from Mier state that General Trevino, Revolutionist commander, will move from Sinar and, with 1000 men, attack Matamoras. Saltillo and Mier are said to have been reoccupied by the government troops. Ex-Comptroller Connolly has left the city, but the report of his flight to South America is denied. He left the city last Friday afternoon and his friends refuse to disclose the place of his retreat. The Run on the Savings Bank. Therun on the Third Avenue Savings Bank continued without abatement today. The hearing in the case of Collendar, the bank examiner, comes off to morrow.

13. January 16, 1872 New-York Tribune New York, NY

Article from New-York Tribune, January 16, 1872

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NEW-YORK CITY. Acting-Mayor Cochrane officiated, yesterday, at the marriage of Morris Levi and Eva Burkheim. He the word "obey," but counseled the bride to be omitted subject to her husband "in all things lawful and proper." Capt. Bolt and Mr. Claton, first mate of the English bark Albert the Good, were arrested Sunday for smuggling brandy on shore in tin life-preservers. evening, Two hogsheads of liquor were seized on board the bark. The run on the Third-ave. Savings Bank has failed to compel the institution to suspend payments. bank is no longer besieged by depositors, but it has The been intimated that the attempt will be renewed within a few days. Dr. Morean Morris reports that for the week ending on Saturday, 83 cases of small-pox and 20 deaths reported. The number of cases reported from Fri- 48 day were noon to Sunday night was 29, and 10 deaths for hours ending at noon yesterday. Wm. M. Tweed up to a late hour last night had not gone to Albany. He spent the day at his office Duane street, and seemed cheerful and almost con- the tented, on but a gentleman who knows him declares is seeming happiness assumed, and saye that Tweed really a miserable man. The California steamer Rising Sun, which arrived at this port on Sunday, brought four large sealions, two black barking seals, and a young walrus from Alaska, for P. T. Barbum. The largest sea-lion weighs were 1.500 pounds. Several died on the passage. They shipped in large water-tanks. Gen. Darr, owner of the Florida, denies the report as published yesterday in the matter of the Florida, and saye;his actual assertion was that be had pri- but advices from Washington which left no doubt vate that the President would demand ample satisfaction for the outrages on the Florida." Mr. Powers, proprietor of the Grand Central Hotel, denies the report that he has charged $2,500 for incurred on behalf of Mr. Fisk at the time he of expenses shot. In discussing the matter with the agent be Mrs. was Fisk, Mr. Powers inquired if that sum would considered too much. but made out no bill whatever. A ruffian seized Miss Mary Stebbins of the Gilsey House by the shoulder yesterday afternoon, while she was standing with another lady at Nineteenthet. and Broadway, and snatched from her hand a pocket book containing $85. The ladies pursued him one block, when they met a policeman, who Instead of endeavoring to arrest the thief, met their complaints with the remarkthat it "served them right, for carrying a pocketbook in plain sight.' The case of ex-Bank Examiner Callender was summed up yesterday before Commissioner Osborn by Judge Fullerton for the defense and District Attorney Davis for the prosecution. The latter said in conclusion: "If Mr. Callender had not been a bank-examiner, and had come to this bank offering such collaterals 88 he did, he would never have been allowed this enormous loan, which was given, in my mind. with the express purpose of influencing his decision as to its condition." Decision reserved. BROOKLYN. The Health Board reports 59 additional cases of small-pox during the past week. The Rev. Dr. J. G. Butler will be installed pastor of the First Presbyterian Church in the Eastern District on Thursday evening. The Special Committee of the Board of Supervisors appointed to ascertain the number of officers in the Supreme Court, reported yesterday that there were 19, and that only eight were necessary. It was decided to request the Legislature to pass an act authorizing the Judges to appoint officers ai a salary of $1 a day. LONG ISLAND. LONG ISLAND CITY.-A reform meeting was held at Smithsonian Hall last evening. The abolition of expensive commissions and the reduction of city ex+ penses were recommended. and a Committee was appointed 10 confer with other Reform Committees. STATEN ISLAND. SOUTHFIELD.-The work of macadamizing Vanderbilt-ave and Richmond road has been interrupted, the Road Commissioner of the Second District having served an injunction on the General Superintendent ap pointed by the Road Commissioners. HUDSON RIVER COUNTIES. PEEKSKILL-George and Bradley Townsend were arrested on Sunday night, for attempting to rob Haight's store. One of them, in endeavoring to escape, dashed through a window, and was badly out about the face and hands, Andrew Keesler was drowned in the Hudson River on Saturday. POUGHKEEPSIE.-The stables attached to the Webster Hotel, at Catskill, with seven horses, were burned yesterday. Lose, $6,000. Quintard's jewelry store in Lib. erty-st. was burned last night. Loss, $15,000. MORISANTA.-Severa buildings have been fired within a week by incendiaries. Attempts have been made to burn the residences of A. A. French and Mr. Ackerman, in NEW-JERSEY NEWARK.-An indictment was found by the Grand Jury, yesterday, against Geo. E. Parker for causing the death of Win. Healey, a burglar, by means of a trap gun, on Dec. 24.

14. January 26, 1872 The Sun New York, NY

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THE TWO SAVINGS BANKS. CONTINUATION OF THE RUN UPON THE 1HIRD AVENUE. Depositors Waiting all Night to Keep their Placesintheline-SlowerPayments than Ever-The Officers still Trying to save the Bank Going for Interest. The newest feature in the run on the Third Avenue Savings Bank is the hour at whica the line begins forming. Since the abolition of the ticket system depositors realize the necessity of getting around "on time." and the wanderer up Taird ave. nue at midnight Ands a goodly array on the steps of the bank No 18" of last night was a good-looking man with a blonde monstache. He said: got around at 11 o'clock Wednesday night There was a good number ahead of me. but I got eighteenth in one of the lines. It was a roaring cold night. and there was ne such thing as keeping warm. The wind blew a hurricane, and the steps of the bank were like ice to the feet. Some of the people managed to get some straw. I was lucky enough to be 1a the number, and the straw was a great comfort. About midnight some of those in writing started a bonfire. The idea was good, but the effect was not very warming because the wind blew so. The boys got boxes and barrels from somewhere and built fires in Third avenue and in Twenty-sixth street, but the wind was so stronz that it socked no all the blaze, and the fire did us mighty little good.' AN INTRUDER CROWDED OUT. The lines increased very slowly from midnight until 5 o'clock in the morning, and there was a kind of tacit understanding that those in the line could drop in and out whenever they chose. There was no difficulty in this until near daylight. for every body seemed disposed to do the fair thing. and if a man wanted to step out to get a drink or a lunch, there was no trouble in his getting his place again. But about daybreak a man who was about half drunk made his appeirance, and attempted to take a place in the line, crowding some one else out. Everybody took common stock against the intruser. He wasn't hurt, but he was moved out of the line in a very stort time. THE CRUSH AT THE OPENING OF THE DOORS. At 10 A. M. the lines outside numbered about 175: about 50 less than on the preceding morning Waen the doors were opened there was the same old crush to get in. The imperturbable bank President, Mr. Lyon, and the equally nonchalant Roundsmen Schuitz and Doran, BLOOD at the door and restrained the multitude. who all wanted to get in together. In due course of time all were admitted and pavments began. Among those paid jesterday morning was Mr. Jo in A Holman, a gentleman wao has been especially indignant at the newspapers. but who yes. terday sought to draw the money represented by three or four books. He partially succeeded. DEPOSITORS FROM ABROAD. I Another noticeable personage was an ancient gentlemen who wabbies along on crutches. He says I he is from County Wexford. the best county in Ireland," and he is really a pleasant old gentleman. : He had $10 in the bank, and he wanted to draw $5. He was speedily accommodated. and he then boo bied off on his crutebos. A lady from Newtown. L. I. took a position at 5 A. M. She lost her place. however, and was unable to get a position inside which would insure her payment , before P. M. It was said.that a bank officer saw nd had compassion for her, and paid a portion of her book at one of the rear windows. Another e ladv. from Hackensack. J. was at the bank erriv t in the morning. sae could not get near enough to get her money. and at noon she marched oth guilv. as she said. to nurse her Laby." after hich she intended to return and take her place in the line. SLOWER PAYMENTS. ) Payments yesterday were not up to the rapid rate of Monday, Tuesday, and Wednesdav. The follow111g 18 the list. given by hours: First, 21; second, 19: third. 10: Tourch, 11: firch, 14; total. 75. Add I extra books and the rate of pavinent yesterday : probably did not exceed twenty books an hour. As e the hours wore on many of those inside. seeing th A their opportunity would not come yesterdav :traggled away. The bank met a number of large drafts C yesterday. and many depositors drew interest only. r The aggregate drawn yesterday is believed to be smill, from the fact that many WHO drew interest only LOG into line and crowded out trose who dee sired to draw their principal,

15. January 29, 1872 New-York Tribune New York, NY

Article from New-York Tribune, January 29, 1872

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THE BANK EXCITEMENT. CONDITION OF THE MARKET SAVINGS BANK. Attorney-Genetal Barlow has promised the Committees of depositors of the Market Savings Bank that he will use every exertion, not only to protect their interests, but also to bring the absconding Secretary, Conklin, and any otherdisbonest officials of the bank, to justice. Gov. Hoffman 'has indorsed the action of the Attorney-General. It has been discovered that the item of call loans, amounting to $241,989, marked bad in Receiver Dennis's report, are worse than bad, from the fact that the United States Stocks given as securities for these loans have been abstracted by Conklin since Jan. 1, in addition to the glarge sums already proved to have been stolen by him. It has also been discovered that the bank has been doing a large pawnbroking trade, a considerable quantity of watches, diamonds, and Jewelry, received by Conklin as securities for money advanced by him, having been found in the safe of the institution. The number of open] accounts in this bank is 1,611, and it is estimated by the Committee, from present resources and the item of bad and doubtful call loans, together with the questionable account of Heiser & Co., supposed to be $112,000, that the entire assets will not pay more than 40 cents on the dollar. The detectives are on the track of Conkiin, and it is thought by some that, should he be captured, he will disgorge a great portion of his plunder, and, if such should be the case, the Committee hopes to be able to secure for the depositors 60 cents on the dollar. In the matter of the criminal negligence of the President and other :officers of the bank, the Committee think that this Inegligence was so extensive that some, if not all, off the officers have laid themselves open to criminal prosecution. James Dennis, the temporary Receiver appointed by Judge Barnard in the suit of Carpentier against the Market Savings Bank, having asked permission to withdraw, Judge Barrett on Saturday last appointed Francis W. Worth Receiver in his stead, on his filing bonds in $100,000. The Hon. Josiah Sutherland was also appointed Referee, to take and report on the accounts of the late Receiver. Saturday was the 23d day of the run upon the Third Avenue Savings Bank. The withdrawals during the ordin+ ary banking hours were the smallest since the run com menced. A little over $82,000 was drawn out. The motion to dissolve the injunction restraining the Receiver of the Stuyvesant Bank from selling its property was argued in the United States District Court on Baturday. Judge Blatchford reserved his decision.

16. February 5, 1872 New-York Tribune New York, NY

Article from New-York Tribune, February 5, 1872

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BANK DEPOSITORS' GRIEVANCES. About 1,300 depositors have signed the petition protesting against placing the Market Savings Bank in bankruptcy. Mrs. 8. F. Mackey's petition to have the bank thrown into bankruptcy came up before Judge Blatchford on Saturday. Counsel for the bank stated that he had arranged with counsel for the petitioner for an adjournment for one week. Two new petitions of a similar nature were presented and pronounced imperfect in form. James H. Montfort of Green Vale, Long Island, called upon a member of the Depositors' Investigating Committee on Saturday, and stated that several days before the failure of the bank. Mr. Van Name told a mutual acquaintance of the critical state of the bank. and said that he had withdrawn his account. In addition to this, Mr. Montfort affirms that Mr. Van Name advised several persons residing in Green Vale to withdraw their deposits, and told the teller to inform his friends in Green Vale so that they might withdraw their money in time. Mr. Montfort states that 15 persons withdrew their deposits some four days before the collapse, others on the day previous, and two. he affirms, were quietly admitted into the bank the day of the failure, when it was closed to the public, and received the amount of their deposits in full. The President, Mr. Van Name, denies the charges. A meeting of the depositors of the bank will take place to-day, in the First Dis trict Court. Mr. Worth, the receiver, is expected to be present and to address the audience on the condition of the bank. The run upon the Third Avenue Savings Bank was very light on Saturday. the number of people about the building and the amount of money withdrawn being much smaller than on any day since the run began. Many of the depositors drew out portions of their accounts, and others withdrew their interest only. In reference to the petition in bankruptey, filed against the bank on Friday. the officers are confident that it will not be granted. They characterize the proceeding as entirely malicious, and done at the instigation of the party of disappointed politicians who wanted to control this bank, and, failing in which, they have used every dishondrable means to effect its ruin. The Eighth National and Stuvvesant Banks' depositors meet to-day.1 to consider the condition of their banks, the prospects for the payment of dividends, and the prevention of bankruptcy proceedings. Judge Blatchford heard the motion of Aaron May, on Saturday, to have the Bowling Green Savings Bank placed in involuntary bankruptcy. Counsel for the bank said that a judgment had been obtained in the State Court against the bank, dissolving the bank before service in the bankruptcy proceedings had been made upon the Secretary of the bank. The Court held that the service was defective, as, there being no bank. there could be no Secretary, and an adjournment was had to give the petitioner time to make service by publication.

17. February 6, 1872 The New York Herald New York, NY

Article from The New York Herald, February 6, 1872

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THE TIHRD AVENUE SAVINGS BANK. Singular Application for the Appointment of a Receiver of the Baak-Frompt Action of Judge Barnard. A singular application was made yesterday in the Supreme Court Chambers, before Judge Barnard, for the appointment of a receiver of the Third Avenue Savings Bank. The application was made by one Mr. Flynn. "I never heard of such a proceeding, said the counsel for the bank. "as asking the appointment of a receiver for a bank that is promptly and fully paying all demands made upon it." "Nor I either," said the Judge. "How much does the bank owe this man Flynn " "Just $255, answered the bank's counsel. have offered it in Court, but the money wont be accepted." "Pay the amount over to Dick Bemish, the clerk," quickly spoke the Judge; "I guess he will receive it." "All right," said the counsel, and the money was counted out to Mr. Bemish, to the astonishment and delight of the crowd of lawyers and others filling the court room. The Judge, who seemed to be in an unusually jocose mood, appointed Mr. Jacob Valentine as recelver in two cases. "There is nothing to receive," he said, apologeticalif, "in one or the cases, and for this reason I appoint Mr. Valentine, Chief Crier of the Court, as receiver."

18. February 8, 1872 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, February 8, 1872

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NEW YORK CITY. NEW YORK, February 5.-The Times reaffirms that Hall was indicted yesterday and that the indictment will be presented next Saturday. The Tribune, however, says Hall has not been indicted. The investigation of the printing frauds at Albany shows that the State printers regularly subsidized the clerks of the House and Senate. One, Armstrong. got twenty-five hundred for work put into the hands of the Argus company. A small sum, three hundred dollars, was paid Hiram Calkins as a present. Edward R. Phelps got ten thousand for lobbying for Weed, Parsons & Co. Gross frauds in the printing contracts of the New Jersey Legislature are reported. It being asserted that the public printing which now costs nearly ninety thousand, can be done equally well for twenty-five or thirty thousand. Roswell H. Jerome, the son of an alderman, died yesterday from an over dose of opium to quiet his nerves prostrated by liquor. His mother has become ineane and his father is very ill. M. D. Marxen has been held for action by the Grand Jury as a smuggler of watches and jewelry. The annual dinner of the Harvard Alumni will be given at Delmonico's on the 21st. The Treasury to-day paid $91,000 for the 5-20g redeemed, and $56,000 of the January and February interest. The jury in the case of the Panormo murder, rendered n verdict that John B. Panormo came to his death by compres. sion of the brain from injuries inflicted by some person or persons to them unknown, and we very much blame Marvin, the apothecary, for not showing any willingness to do what ought to have been done to aid the suffering person, to whom he so easily could have offered assistance, and we recommend the proper;authorities to increase the police force, as we deem the present number inadequate to the t proper protection of the lives and property of our citizens. It is rumored that the Grand Jury have been summoned to meet to-morrow e to reconsider the vote or indictment of e Mayor Hall, which is said to have been carried by a bare majority. Judge Barnard has refused to appoint a receiver for the Third Avenue Savings Bank, on the ground that it is perfectly sound. An attempt was made last night to rob the house of John Graham, Esq. The thieves were arrested and committed for trial. It is believed they were employed 8 to destroy certain papers in Mr. Graham's possession, bearing on Stokes. 8 A number of persons, prostrated with the small-pox, were found at 123 W. 31st e street to-day, and sent to the hospital. The Board of Health ordered an examination of all the city railroad cars, and other vehicles, etc., to see if they are detrimental to health.

19. February 8, 1872 Daily Kennebec Journal Augusta, ME

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News from New York. New York, 7. The jury in the case of the Panomo murder rendered the verdlet, "that John B. Panomo came to his death from injuries inflicted by some person or persons unknown, and we very much blame Mr. Marvin, the apothecary, for not showing any willingness to do what ought to have been done to any suffering person to whom he could 80 easily have offered assistance; and we recommend the proper authorities to increase the police force, as we deem the present number inadequate to the proper protection of the lives and property of the citizens of Brooklyn." It is rumored that the grand jury is summoned to meet to-morrow to reconsider the vote on the indictment of Mayor Hall, which is said to have been carried by a bare majority. Judge Barnard has refused to appoint a receiver for the Third Avenue Savings Bank, on the ground that it is perfectly sound. An attempt was made last night to rob the house of John Graham. The thieves were arrested and committed for trial. It is believed they were employed to destroy certain papers in Graham's possession bearing on the Stokes murder trial. Seven persons prostrated with the small pox were found at No. 123 West 31st street to-day and sent to the hospital. Mayor Hall announced to the street clearing commissioners to-day that contractor Brown was willing to relinquish the contract on certain conditions." The annual dinner of the Harvard Alumni will be given at Delmonico's on the 21st instant.

20. February 15, 1872 The Home Journal Winchester, TN

Article from The Home Journal, February 15, 1872

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cago. The society season is at its full height in Washington. The run on the Third avenue savings bank, New York still continues. The Grand Duke has killed his first a buffalo, and carried off his tail as trophy. Chicago contemplates establishing a free public library on an extensive scale. Boston buys carpet by the yard to make slippers, and retails it by the foot to the extent of $500,000 annually. The Chicago Tribune hopes that when Dr. Livingstone is found he will be put under bonds to keep out of Africa. If Burns were living now, he would probably tell the man who wanted to see himself as others see him, to run for office. Jesse R. Grant, the President's father, is said to be very feeble, and has resigned his office of Postmaster, at Covington, Ky. Cable advices say that the European Life Assurance Company will be wound up. It is stated that Stewart's sugar refinery has suspended business temporarily. A subscription has been started in New York to erect a statue to Horace Greeley. A large paper mill was burned Saturday night at Ypsilanti, Mich. Loss, $100,000. Maj. John A. Pullen, a former wellknown expressman, died at Tarrytown Sunday. Continued snow-storms on the plains detain trains and great inconvenience and loss results. Six indictments have been presented against Stokes for the murder of Fisk by the grand jury. In the United States court at Boston on Monday, Dexter T. Nulls, forsmug gling, was fined $21,000. One of the Japanese princesses, just arrived with the new embassy, is said to be exquisitely beautiful. James Gordon Bennett, Jr., is mentioned as the successor of Fisk as colonel of the Ninth regiment. The Berlin and St. Petersburg missions are to be made first class. Salaries $17,500 gold per annum. The English consor of plays prohib ited all allusions to Mr. Gladstone or the ministry, in the holiday pantomimes this year. An old-fashioned tournament was recently held at Charleston, S. C., with dozen valiant knights and all the paraphernalia. The New York Evening Mail says it is the latest fashion for lady to have her troscean and wedding dress made in her own home. The latest advices from New Orleans indicate the complete triumph of Mr. Warmoth over the custom-house party. The United States vessels Frolic, Tallapoosa, Mayflower and Constitution are undergoing repairs at the navy yard. A women died of trichina in Cleveland a few days ago, and several people are now suffering from the same disease. The improved means of reaching the Yosemite will render it pre accessible to vulley-tudinarians. At Charleston, S. C., they send persons to jail for sleeping in church. Nearly a million persons are employin the textile manufactures of Great ed Britain and Ireland, in 7,545 establishments. Mr. Archer, of Indiana struck The his with the butt of his gun. his dog forgiving beast now howls above master's lady was up A young grave. caught by 460 a in Pennsylvania, trans porte and deposited in all ga'e yards, Times apple thinks tree. The New Orleans leave Alexis should not be allowed to the the country without being showed Louisiana legislature. It is rumored that Gen. George of McClellan will be offered the office president of the Erie railroad, James made vice vacant by the death of Fisk, Jr. Several large coal pile in Chicago never been estinguished since during the great have fire, and still smoulder the day and blaze forth at night. Although In mid-winter, when dull, the goods trade is usually retail dry dealers who advertise extensively and the judiciously are doing a very good business. The annals of the sea records but instances of ocean journeys more the few than the recent trips of other ocean perilous steamers of theCunard and lines. Congress i going to pass a imported bill to building material be October permit free of duty by Chicago, up to 10,1872. oil cloth factory and a number were of An tenement houses Boston. burned surrounding Sunday afternoon in Loss $5800,000. Hon. Henry Stanberry denies him that or discourtesy was shown in any Reverdy Johnson during their stay South Carolina. GENTLEMAN from the land of the A and fig, and of the earthquake the was in the lodging near the bands. other olive and volcano, day, city, rehearsal of one of our brass was rooms had retired for the night, and

21. January 23, 1876 The New York Herald New York, NY

Article from The New York Herald, January 23, 1876

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THE COURTS. The Receivership of the Mutual Benefit Savings Bank. Unsuccessful Effort to Remove the Receiver. Liability for Possession of Counterfeit Money. An effort is being made to remove Mr. Aldrich from his position as receiver of the Mutual Benefit Savings Bank. A motion to this effect was made yesterday before Judge Donohue, of the Supreme Court, the moving parties being an executive committee appointed at a meeting of the depositors. It was urged for the motion that Mr. Aldrich has been grossly negligent in conducting the affairs of the bank; that he is an incompetent officer; that he refused to allow an expert to examine the books for no other reason, as is alleged, than to protect the officers and trustees of the institution; that he examined, in 1873, several banks, and, among others, the Third Avenue Savings Bank, all of which have failed; that his report of the condition of the last named institution was incorrect in many particulars, and that he is, in fact, unfit to hold the position. On behalf of Mr. Aldrich it was contended in reply that there are other creditors beside the depositors; that the plaintiffs do not represent all the depositors, and that two of the men appointed on the examining committee disaprove altogether of the proceeding. He denies that he was appointed at the instance of the trustees, but says he knows his appointment met the approval of the Bank Department. He denies as broadly as the charge was made that his reports of the other banks were incorrect; that as to the report of the Third Avenue Bank, he was selected as one of the examiners, not on account of his knowledge of figures, but for his legal advice as to the validity of titles and agreements, and that in a great measure he had to rely on the judgment of his associates as to the accounts. He denies all the charges in the complaint and says he is continually in receipt or communications approving of his course, and when he has paid the first dividend, to meet the most pressing wants of depositors, he will have an examination by an expert, and is perfectly willing that the Court should appoint such expert. After hearing the argument Judge Donohue promptly rendered his decision denying the motion.

22. March 4, 1876 The Sun New York, NY

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Messre. William A. Darling and Spencer K. Green in the Tombs Police Court. Justice Duffy sat in the Tombs Police Court yesterday afternoon, to hear the testt. mony against William A. Darling and Spencer K. Green, accused of perjury in swearing to a statement of the condition of the Third Avenue Savings Bank. Mr. Ashbel P. Fitch appeared for the depositors, Messrs. Abraham Wakeman and ex-Judge Dittenboefer for Mr. Darling, and Mr. George Sewell for Spencer K. Green. The first witness was Col. Sellers, abookkeeper in the employ of Mr. Hurd, the receiver. Mr. Seweil earnestly objected to the certified CO of the report sworn to by Measts. Green and Darling, and on which the complaint was based. Mr. Fitch-TI paper bears on its face the seal of the banking department. Mr. Sewell- can make the seal for one dollar any time. The document itself should be here. or the law authorizing copy of It should be cited. Mr. Fitch-Tha on March 14. 1871, Darling and Green made a report, and that this 10 a copy of that report there A no more question in the minda of these gentle. men than that they are here to-day : but their alio 19 to raise as many technical objections as possible. in order to prevent the merita of the case from Deing heard. The Court decided to admit the document. with the understanding that the prosecution would either produce the original or properly authenticate the copy. The statement was signed by Spencer K. Green, President. and William A. Darling. Secretary ad interim, and stated the whole amount due depositors to be $5,959,369.83 I The amount stated in the depositor's ledger as being due to depositors on the 1st of January, 1871, agreed with the statement. Mr. Dittenboefer objected to Mr. Fitch asking the witness what the duties of secretary of a bank were. The next witness was Benjamin A. Macdonald. expert accountant. Mr. Dittenhoefer argued that perjury under the law could only be false swearing as to such items as the statute required bank officers to state. Mr. Fitch said that the whole of the report must be correct. and that if a dollar is wilfully and wrongfully stated it is false swearing. Justice Duffy-The Court 1901 opinion that any statemeat made to the bank officials that would mislead the bank officials or the people as to the condition of the bank would be perjury. Justice 18 not supposed to kointo nice points-he is to And whether there is probable cause. 1 wish couse to avoid technicalities. Mr. Macdonald pointed out several discrepancies between the statement and the real condition of the bank. In 1868 the amount of $100,000 was added in alump to the value of the real estate. On Dec. 31, 1870. the e was a JOUS entry of $106,596.29 on premium ount. which was exounged on Jan. 4. This f lso item did not appear, reme uber, in the amended report of March it, 1871, on which the prosecution 18 bason hereport contained a false entry of $118,127.56. as interest due and uncollected, when in fact there was no such item In the books. and no such item of interest. The item should properly have been charged to profit and los4. The entry began in 1868, and was an absolute loss, sustained through investment In Adlantic Mall 800. Its entry as asset, when In 11 wasa total loss, made a difference of $296.000 in the actual condition of the bank The statement also contained an Item of $33.373.98, surpius of interest and profit in 1870, when in fact there was a deficiency of $45,589.95. The witness read a report of a meeting of the trustees. April 6. 1867. in regard to the Lee defalcation. At that meeting a committee reported that they had employed Wm. M. Evarts to communicate with Mrs. Lee, who was surety for the defaulter. and they recommended the acceptance of $8.000 in settlement. The trustces voted to accept $6,500. At that meeting were present Messrs. Green, Owens, Winter, Kelly, Cooper, Marshall, Darling, Bates, Bibbins, Dunn. and Marsh. Oa May 11. 1857. the committee reported that Mrs. Lee had paid the amount, and the trustees voted to place It in the hands of the President and Secretary as a "contingent fund. There was no entry of the receipt or payment of the money. Mr. Fitch asked the witness what connection Mr. Darling had with the bank. Witness-Mr. Darling was Auditor, air Mr. Wakeman (interrupting) What do the books -what do the books show Witness- The entry 01 his salary, sir. Mr. Wakeman-To he received pay is no proof that he filled the position. Justice Duily 1 think it is very good evidence. Mr. Fitch-Does Mr. Wakeman wish to show that he received a salary without doing the work? Owing to the absence of books the prosecution was unable to go further, and asked for an adjournment until this morning. The defence asked until Monday morning. Justice Duffy said that he would continue the examination from day to day. The time within which the defendants could be indicted would expire on the 14th of the month, and should he decide to hold them. the papers must be sent to the District Attorney's office before that date.

23. March 4, 1876 The New York Herald New York, NY

Article from The New York Herald, March 4, 1876

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THE THIRD AVENUE BANE K. THE WILLIAM A. DARLING AND SPENCER ALLEGED PERJURY CABE-EXAMINA. GREEN DISCOVERED. William A, adjourned examination in the case of K. Green, The Appraiser of the Port, and Spencer that Darling, charged with perjury in falsely swearing exceeded jointly of the Third Avenue Savings Bank there the liabilities assets by over $300,000 when, as alleged, came up its actual deficit of not less than $100,000, Tombs Police was an before Justice Duffy, at the well filled. yesterday The examination room was pretty Mr. Court. was rot present, but his co-defendant, Abram Mr. Darling there. Messrs. Robert Sewell, counGreen, was and ex-Judge Dittenhoefer appeared P. Fitch as and Wakeman defendants, and Mr. Ashbel the desel for the Van Wyck for the prosecution who and lost $500 Robert A. of the latter, Mary Flood, the positors. One of the bank, was present during by the failure with Dr. Strew, of Lexington domestic. avenue, proceedings, she has lived for many years as called. a He with whom Sellers was the first witness Bank under Colonel A. employed in the Third Avenue the bank prosaid he was he identified the books the of report of the the receiver; and had examined the conduced in court by the defendants and compared was asked bank signed of the bank Witness counsel tents of the the books result of his investigations that and the queswhat the was defence objected on the ground which counsel for for tion was incompetent. sought to The put paper in evidence purporting was an to un- be the authenticated prosecution copy of the report. of Banks Laun. the objecsigned by Deputy for the Superintendent prosecution replied he could, that if he was the tion afforded Counsel was time, merely prove technical, that it was and a duly certified copy had on of original report. that inasmuch as the paper would admit it Justice the seal Duffy of the said Banking Department he was it Mr. Benjamin A. McDonald, expert of in Rahway, bookkeeping N. J., and by called. He said the he report was an already referred here 10. signed read the had Messrs. examined Darling from and the Green. report:- Witness "March value 17, 1871- standReal following estate, item furniture and 97. fixtures; The market witness was then on the asked ing on to books, compare $242,495 that entry with what appeared the books. for the defence here objected stated again. that The Counsel witness, in reply to a in question, the bank on January 1, amount due $5,959,363. the depositors and that figure answer corresponded to other 1871, was the entry in the report. that In the general ledger with questions the witness explained the collated daily individual transused in a bank contained books, which were readiest deposits from them different to the ledger; of the the bank ferred to from ascertain the condition the Jedger; but in would way be to look certain at how the bank books stood in order to be make necessary to examine the the dealers' entries in the it would compare the figures with represented the figures detail and The ledger of the bank Mr. McDonald was ledger. in the report and ledger to of rally. 1868 when Judge to Ditten- 1868. about to read a statement not want to go back few Mr. hoofer Darling objected. was only They secretary did ad interim for a cars weeks. Fitch replied that Mr. Darling from the was head start, and and he Mr. treasury of the bank entries. called in the for the reading hoped of the the gentleman would his client not Mr. Dittenhoefer in an uncalled for diatribe against Mr. because indulge Mr. Dittenhoefer-flo Fitch-1 of political am a antagonism. republican was always and your go is dreaded Mr. Darling. rival, however. Duffy (decidediy)-Here, politics here, to gentlemen, be introJustice do. I will not permit proceedings. what this will in not any manner in these was immaterial duced Mr. Dittenhoeffer held books that it and whether they constitute were subscribed were the entries to under on the oath; that would not deDuffy perjury. After an argument between counsel which Justice would have a cided . that anything in the the officials report at Albany charged. or the puba lic tendency would rightly to mislead come under from the offence the bank ledger Mr. McDonald then of the read assets of the bank on account April counter 1868. statement The entries showed of $100,000. on profit and The loss statement 3, a loss on in January real estate 1, 1871, cash on book hand that not item deposited stood in showed bank $173,395 03. On the between cash the two items the of books $280,191 27, a The difference witness went on to show for years from and $106,596 that 24. a deficit of $66,000 this existed time Mr. Darling was was never reported, ad and interim all and a prominent the trustee. real esauditor, secretary further exhibited the fact about that $100,000. was The book- of the bank, which was $200,000. Among the increased items tate of assets by a false was This an entry item the to of books $113,000 showed of interest to books be due en- as but not collected. item showed upon the profit and a tirely loss, false. and should This have very been charged to the the counsel for the defence. loss this account. stage an adjournment They desired was asked that for the by case go over until Monday he next. could not grant such a request. it Justice Dutty said on without needless delay; statute The case must go should. The was important that this it proceeding would neces- exof limitations 14th affecting inst. If he should deem all it the evipire sary on to the hold the defendan the case after in that hearing event should time. be dence, hands he wanted of the that District Attorney further in proper examination in He the would, therefore, set three down P. the M., and, if necessary, of the case for to day midnight at to hear the case through. Darling he would sit until proceedings of yesterday. Mr. taken. This ended the before the adjournment was Daniel Bates, came David The into papers Morgan court in and the W. cases st Carman, of the John Third all Lyon, charged Avenue with Savings perBank, jury in are connection now in the with hands of the District Attorney.

24. May 19, 1877 The Sun New York, NY

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Testimony from Ellie on the Superintendent Excuses Raked Up Again. ures and May Old 13. The Senate the Banking investiALBANY, this morning continued Ellis Committee charges against Superintendent Bank Mr. ration of to the Third Avenue Savings for Mr. Mallow. Olmstead relative appeared charges. as counsel prowho makes Lamb. the Deputy Superintendent of March Ellis fueed Henry Reid's L report of the examination to the Attorney-Gen- of 24. 1873. the letter recommending of the closing bank ral the bank. on Sept. and and 29. the July regular previous. reports Witness of the after had the for January to close the institution it best to thought it best but Mr. Ellis thought which he report wait legislation in March. then pending. under thought Attorney-General it might recuperate. Fairchild testified under that Judge he Attorney General the proceedings was Deputy and had taken charge appointed of Receiver of Pratt. Carman was all parties the at the bank. time He was agreed Attorney-General upon by never CC for receiver. proceedings The to close the bank Back Su- excommences recommendation of several banks. perintendent. pt upon with the one He had exception. closed upon up That the recom- except and all. of the Superintendent. voluntarily moved tion was where There a was no Bank on mendation receiver bank had Avenue opposition except to the the for H of the Third HA he knew. of closing the up trustees. so far 88 to the amount been part that of there was a receiver contest should bank give. had bonds which testific the that receiver no since he had Ellis uiplaced been Mr. in the the hands uptown of a German upon to his Savings manation. action Bank. Mr. less that it was WAS partially was due making President an examina- suddenly n and the examiner. the at once for decided tion Raid. of that close The bank doesn't it when up and up H was applied partly insidered due Heid tother of first recover. of faith the examination until has these heard no stigations Mints Ellisto read. be true very his came in up. at the letter beginnit of of instru all of in his term, rigations from was without to Raid declaring the object condition of the banks to ready partiality Witness the or had and hins. always correct examination Accepted It was practic Reid's of ally all reports 1871 in- the 88 truthful at law of banks pasible had in to the commas make time reall oned 1873 red to Reid. examine by the Vrooman, the is Third then and H Aldri h. in savings April. Bank, been The 8 great recor run Superin- on the abowed Avenue that there had the preceding bonds of the bank: but Howell, require certain had refused to trusters. endent. a and had receiver the Supreme upon by the Court Reid sanie and assets be the still whi other on the two appoint examiners examination These in made is April remained He does showed substantially think to increased that the the hand. value ame down of the to bank 1875. building during had his been time. and they showed were raised $100.000 Thereports that in the the were reports same here returned figures referred of from the from to. cost 1873 $165,000 of up the January Witness examiner banking house 1875 when it said was this might have returned been Mar at had due to $175,000 The increase $180,000. The been balmade it ports in the s also in the showed Tarrytown that no had n.y the or been same in reduced the it the interest H had an years. some $7,000. that a ngly mortgage increased. of the the bank report in des of 1973. the bank on general being by up the enting present in the Legisla SAVture. 1028 March. bank and he law the believed WHO weak then banks under with of it. by weaker stronger a provisi Third once ones. cipitate he for mergina could SAVE a number clos the ne of the a He number Avenue was Bank of clause. others. would and most lie of hoped. ofthem a number officers under He of tried upon the to merging effect a consolidati and talked unsurees h W. ever. that smaller He banks, Avenue, would It proved not because have be The he consented others had made might go. the to merge uphis sumthe Third would to go. merged. During among too. mind if it they were not number of dent failures of anxiety. the mer brokers, He consulted there and were with there a Macy Messre. was a and good John Stewart. them J. Cit all said o. promi- Mor- up Kennaday. and all of be closed rison. nent bank off! Bank ought not on to that advice be the ar the bank delayed under Third Avenue He nx umstan up then es. and to the until best six interests weeks duty, be erward believe now WH bank which of and tweet would be him induce and him of the them. to delay. a He cross of the did examination not person- of seet ally know any condu ted any mony at Mr. some Oilsstead length. given but on without the direct

25. May 7, 1878 New-York Tribune New York, NY

Article from New-York Tribune, May 7, 1878

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CIVIL NOTES. Judge Robinson, in Common Pleas, General Term, was attacked suddenly, yesterday, by vertigo, and was compelled to go home. The suit of the Metropolitan Gas Light Company against the City for $80,857 65 for gas furnished for the last five months of 1869 has been settled and discontinued by consent. Judges Ingalls and Potter, in the absence of Judge Daniels, held the Supreme Court, General Term, together, yesterday. In the absence of the third judge cases could only be heard by consent. Judge Van Brunt has denied the motions for new trials in the suits brought by Samuel H. Hurd, receiver of the Third Avenue Savings Bank, against Spencer K. Green, and other trustees, who gave bonds in 1873 to support the credit of the bank. Sarah B. Essler says that she was knocked down August 13, 1865, and very badly injured by a horse which Louis Schiele was riding, and she asks $10,000. The defendant denies that he injured her. The case is on trial before Judge Barrett in Supreme Court, Circuit. The Children's Fold sued the Rev. Edward Cowley, who claims to be now its legal president, to prevent him from interfering with its affairs. A pre-liminary injunction was granted to the plaintiff, and an application was made by Mr. Cowley, and argued at length before Judge Lawrence to vacate that injunction. He denied the motion yesterday. In the case of Edward Clark, who obtained a verdict of $225, in the Brooklyn City Court, against the Fulton Ferry Company for being forcibly ejected from the Fulton Ferry House on March 24, Judge McCue has granted the defendants' application for a new trial, on the ground that the verdict was against the weight of evidence. Peter Cooper was in the Circuit Court, in Brooklyn, yesterday, in reference to the suit brought against him by Wallace P. Groom to recover $50,000 damages for alleged slander. The complaint charges that Mr. Cooper published a letter stating that he had given to the plaintiff $5,000 to be used for election purposes in connection with the Greenback party campaign, and that Mr. Groom did not use the money for that purpose. The case was set down for trial yesterday, but was adjourned until to-morrow. Phœbe Robertson obtained a verdict in the Superior Court against James Gordon Bennett, for $10,000, for a "personal" advertisement which appeared in The Herald November 13. The advertisement was: "The blackmailing crowd in West Twenty-fifth-st. had better beware. Cautions 51 and 53." Mrs. Robertson kept a boarding-house at these numbers in Twenty-fifth-st. The Superior Court, General Term, has reversed the judgment, because certain evidence was admitted improperly. Rose McDonald sued C. H. Mallory & Co., owners of the steampship City of Waco, for the loss of her husband, who was killed in a fire which destroyed the steamer off Galveston, Texas. She charged that the fire, or at least its destructiveness, was the result of a deck load of petroleum, carried contrary to the United States regulations. The suit was under a statute of this State. The Superior Court, General Term, has affirmed the decision of the Special Term on demurrer, that the State law does not extend to vessels on the high seas. The quarrel between the partners of the firm of Keiler, Wormser & Kingsbury, came yesterday before Judge Donohue on cross motions for a receiver. Raphael Keiler asks a dissolution of the partnership, charging that his partners have not treated him fairly. The other partners ask that they be appointed receivers. Judge Donohue reserved his decision. Albert Cardozo appeared for the plaintiff Keiler; David Levenbitt, Luther R. Marsh and Joseph H. Choate for the defendants.

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Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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