Windham County National Bank (Danielson, CT)

Episode Information

Episode UID
136001248
Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
13600 national
Charter Number
1360
Start Date
December 22, 1903
Location
Danielson, Connecticut (41.803, -71.886)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
42fc45acd706bb0c

Response Measures

None

Description

State court closed bank on petition and federal comptroller also placed a receiver; dual receivership noted.

Events (4)

1. June 29, 1865 Chartered
Source
historical_nic
2. December 22, 1903 Suspension
Cause
Government Action
Cause Details
State court petition by stockholder alleging officers used bank funds for stock speculation; judge ordered temporary receivership and closure; Comptroller also appointed a federal receiver.
Newspaper Excerpt
a temporary receiver was appointed ... and by the judge's order, the bank was closed until January 14; a notice to that effect having been posted on the doors
Source
newspapers
3. December 23, 1903 Other
Newspaper Excerpt
Federal receiver was today placed in charge of the Windham County National bank ... which was closed by the state authorities.
Source
newspapers
4. January 15, 1904 Reopening
Newspaper Excerpt
was authorized by the controller of the currency to resume-business ... receiver ... finds that the bank is entirely solvent and its capital unimpaired
Source
newspapers

Newspaper Articles (21)

Article from Evening Star, December 22, 1903

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FILES SERIOUS CHARGES. Alleges Bank Fundy Were Used for Stock Speculation. HARTFORD, Conh., December 22-A petition for the appointment of a receiver for the Windham County National Bank of Danielson was presented in the superior court today by Mrs. Ella S. Russell of Killingly, widow of former Representative Russell. She alleges that the president of the bank and certain of the directors have been using the funds of the bank for stock speculation to such an extent that it is doubtful if the capital stock of the bank is equal to the outstanding indebtedness. She further alleges many fraudulent acts by the bank officers. The petition was considered in chambers and later it was announced that a hearing would be held in open court later today. According to a recent statement the Windham County National Bank of Danielson, Conn., had on deposit $259,000. The capital stock is $50,000.


Article from The Topeka State Journal, December 22, 1903

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Asks for Receiver. Hartford, Conn., Dec. 22.-A petition for the appointment of a receiver for the Windham County National bank of Danielson, was presented in the superior court today.


Article from The Daily Morning Journal and Courier, December 23, 1903

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WINDHAM NAT'L BANK FAILS ACTION BY FORMER CONGRESSMAN RUSSELL'S WIFE. On Petition by Her a Temporary Receiver is Appointed-Allegation Made That the President and Certain Dt. rectors Have Been Using the Funds of the Institution for Stock speculation. Hartford, Dec. 22.-On petition of Mrs. Ella S. Russell of Killingly, widow of Former-Congressman Charles A. Russell, a temporary receiver was appointed to-day for the Windham County National bank of Danielson. The complaint alleged that the president of the bank, and certain directors have been using the funds of the bank for stock speculation to such an extent that it is doubtful if the capital stock of the bank is equal to the outstanding indebtedness, Judge Gager of the superior court appointed City Attorney Joseph P. Tuttle of Hartford as temporary receiver, and by the judge's order, the bank was closed until January 14; a notice to that effect having been posted on the doors of the institution late this afternoon. Danielson, Dec. 22.-The last published statement of the condition of the Windham County National bank is dated at the close of business November 17, 1903. It is as follows: Resources: Loans and discounts $225,933.89 Overdrafts, secured and unsecured 1,639.96 United States bonds to secure circulation 25,000.00 Premiums on United States bonds 1,000.00 15,000.00 Stocks, securities, etc 3,000.00 Furniture and fixtures Due from national banks not 1,015.44 reserve agents Due from state banks and 134.29 bankers Due from approved reserve 47,028.32 agents 2,049.23 Checks and other cash items 4,000.00 Notes of other national banks 436.04 Fractional paper currency, etc. Lawful money in bank: $17,080 Specie 8,000 Legal tender -25,380.00 Redemption fund with United States treasurer 1,250.00 $352,921.17 Total resources Liabilities: $ 50,000.00 Capital stock paid in 10,000.00 Surplus fund Undivided profits less expenses 5,471.70 and taxes paid National bank notes outstand25,000.00 ing 11,433.45 Due to other national banks Due to trust companies and 7,791.82 savings banks Individual deposits subject to check 213,912.76 26.37 Certified checks 2,584.37 Cashier's checks oustanding 6,700.00 Notes and bills rediscounted Bills payable including certificates of deposit for money 200.20 borrowed Total $352,921.17 The report is signed by the president and directors. In a recent report, the state board of equalization set the value of the bank shares at $107 each.


Article from Daily Kennebec Journal, December 23, 1903

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STOCK SPECULATION ed as Reason for Asking for Receivership for This Bank. rtford. Conn., Dec. 22.-A petition 1 receivership for the Windham ty National Bank of Danielson. presented in the superior court e Judge Gager by Mrs. Ella S. ell of Killingly, widow of Former ressman Russell. today, alleging the president of the bank and cerof the directors have been using unds of the bank for stock specu1 to such an extent that it is ful if the capital stock of the is equal to the outstanding indness. She further alleges many ulent acts by the bank officers n she named. the judge's order. the bank was 1 until Jan. 14, a notice to that having been posted on the doors e institution. her complaint Mrs. Russell names efendants Comfort Starr Burlinof Brooklyn, Conn.. the bank lent, Charles P. Backus, the er, and James Perkins, John el and Albert D. Putnam, direcall of Killingly. the complaint presented by Mrs. 11 she says that she represent's S as well a herself, she being the r of 10 shares of the stock of the She alleges that the defendants d a syndicate for the purchase d speculation in stocks on borI money and that they borrowed used for this purpose money of ank to a considerable amount. Si alleged further that Burlingame, resident of the bank. spent a large of his time in New York directing eculation which was on the whole cessful, that Burlingame by tele: or otherwise communicated with us at the bank or elsewhere the sity of raising money to answer of stock brokers for margins and Backus thereupon called in other ors of the bank who were memof the syndicate and that the five ors of the bank she alleges con-


Article from New-York Tribune, December 23, 1903

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WINDHAM BANK CLOSED. Officers Charged with Using Funds in Speculation. Hartford. Conn., Dec. 22-On petition of Mrs. Ella S. Russell, of Killingly, widow of former Congressman Charles A. Russell, a temporary receiver was appointed to-day for the Windham County National Bank, of Danielson. The complaint alleged that the president of the bank. and certain directors have been using the funds of the bank for stock speculation to such an extent that it is doubtful if the capital stock is equal to the outstanding indebtedness. Judge Gager, of the Superior Court, appointed Joseph P. Tuttle, City Attorney of Hartford, as temporary receiver, and by the judge's order. the bank was closed until January 14, a notice to that effect having been posted on the doors late this afternoon. In her complaint Mrs. Russell names as defendants Comfort Starr Burlingame, of Brooklyn, Conn., the bank president: Charles P. Backus, the cashier, and James Perkins, John A. Payne and Albert D. Putnam, directors, all of Killingly.


Article from The Salt Lake Herald, December 23, 1903

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BANK USED FUNDS TO GAMBLE B Widow of the Late Congressman Russell of Connecticut Obtains a Receiver for the Windham County National Bank. ARTFORD, Conn., Dec. 22.-A petidicate for the purchase of and speculation in stocks with borrowed money. tion for the appointment of a reH R She charges that Burlingame spent ceiver for the Windham County a large part of his time in New York G National bank of Danielson was predirecting the speculation, which was on at sented in the superior court today by the whole unsuccessful. th Mrs. Ella S. Russell of Killingly, widow To meet the calls 1or margins, Mrs. a of former Congressman Russell. She Russell avers that the directors and M officials she names conspired to further alleges that the president of the bank M borrow of the bank money to meet the A and board of directors have been using necessities of arranging notes with difCi the funds of the bank for speculation ferent lenders. To avoid difficulty with h to such an extent that it is 'doubtful if the bank examiner in some cases where la the capital stock of the bank is equal it was impossible under the law to borm row any more money on notes made by to the outstanding indebtedness. any of the persons interested, it is alat She further alleges that many fraudleged they voted to loan funds on notes as ulent acts have been committed by the signed by persons whom they knew to h bank officers. A receiver was apbe without pecuniary responsibility, ri pointed. knowing that these funds were to be to used by speculative partnerships, th According to a recent statement the to She declares that the defendants have bank had on deposit $259,000. The capital stock is $50,000. sl carried notes which they knew were not Comfort Starr Burlingame of BrookJa good at their face value on the books lyn. Conn., the president; Charles P. S1 of the bank in order to make it apBackus, the treasurer, and James Perfr pear that the capital of the bank was kins, John A. Payne and Albert D. unimpaired and that the five officials th Putnam, directors, all of Killingly, are voted to pay dividends to stockholders W named as the defendants by Mrs. Ruswhen they knew that the capital stock T sell, who alleges that they formed a synof the bank was seriously impaired.


Article from Bismarck Daily Tribune, December 23, 1903

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RECEIVER ASKED FOR. Bank's Officers Accused of Alleged Fraudulent Acts. Hart'ord, Conn.. Dec. 23.-A petition for the appointment of a receiver for the Windham County National bank of Danielson was presented in the superior court during the day by Mrs. Ella S. Russell of Killingly, widow of former Congressman Russell. She alleges that the president and board of directors have been using the funds of the bank for stock speculation to such an extent that it is dobtful if the capital stock of the bank is equal to the outstanding indebtedness. She further alleges many fraudulent acts by the bank officers. At the conclusion of the hearing Joseph P. Tuttle of Hartford was appointed receiver.


Article from The Providence News, December 23, 1903

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EXAMINER BARROWS IN CHARGE Receiver Appointed by Court Could Not Assume Controi of Failed Bank's Affairs. Danielson, Conn., Dec. 23.--In accord. ance with the order of Judge Gager of the state superior court, who after hearing in chambers at Hartford yesterday appointed Joseph P. Tuttle of that city receiver of the Institution on the petition of a stockholder. the doors of the Windham County National bank were not opened for business today. Among stockholders and depositors there was much interest as to the probable action of Receiver Tuttle in view of the fact that another receiver, Ellis W. Pepper. had been appointed by the national comptroller of currency Arthur Atwood. a director of the bank. who is also agent of the Quinebaug Cotton mills of this place, declared himself pleased with the action of the national comptroller and expressed confidence that the affairs of the Windham County bank would be found to be satisfactory Mr. Atwood is not one of the directors mentioned in the allegations presented before Judge Gager in Hartford by the petitioner for the receivership, Mrs. Charles A. Russell, wife of the late congressman. A LITTLE ANXIETY. A little anxiety was manifested today among people having money in the Windham County Savings bank. some of the officers of which are also directors of the national bank, but though there were some withdrawals of small amounts, the trouble did not reach the proportions of a run. John A. Payne is president of the savings bank and James Perkins and Albert D. Putnam are among the directors. They were all referred to in the complaint alleging speculation with the national bank funds filed In the Hartford proceedings yesterday. Officers of the savings bank said today that while they do not anticipate trouble reasonable precautions will be taken to protect the bank and no sums of very large amount will be paid out. MR. BARROWS IN CHARGE Hartford. Dec. Federal interference in the matter of receivership of the Windham County National bank of Danielson set awry the arrangement of the superior court, made through Judge Gager yesterday in this city, on the petition of Mrs. Ella S. Russell, widow of Congressman Russell. As a result of this petition of a stockholder of the bank Joseph P. Tuttle of Hartford was appointed temporary receiver under a bond of $20,000. When Mr. Tuttle went to Danielson to assume control of the bank's affairs and presented himself at that institution today he found United States Bank Examiner Edwin A. Barrows of Providence there. Mr. Barrows had already assumed control of the bank's affairs as a representative of Ellis S. Pepper. who was appointed receiver of the bank by the comptroller of the currency at Washington. Mr. Tuttle thereupon returned to Hartford. He said he would not enter a protest as he was satisfied that the Federal officer was in lawful authority. but he made a formal demand upon Mr. Barrows to turn over the bank's affairs. This demand was refused. In an interview Mr. Tuttle said that had 1 he reached the bank first, he would likewise have declined to vacate for Mr. Pepper or his representative. It was a question of which receiver would get there first and the Federal representative won. Attorney Edward D. Robbins, who represented Mrs. Russell in the court proceedings yesterday said today in relation , to the action of the comptroller of the currency that It was immaterial to him which receiver took control. He was of the opinion that whichever receiver got to the bank first would be recognized. He added that there was legal ground for the : a action taken in the Superior court, , stockholder having made application for a received.


Article from Durango Semi-Weekly Herald, December 24, 1903

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CONNECTICUT BANK CLOSES ITS DOORS. WASHINGTON, Dec. 23.-A federal receiver was today placed in charge of the Windham County National bank of Danielson, Conn., which was closed by the state authorities.


Article from The Indianapolis Journal, December 24, 1903

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TWO RECEIVERS FOR A CONNECTICUT BANK Man Appointed by State Court Found a Federal Officer in Control of Affairs. HARTFORD, Conn., Dec. 23.-Federal interference in the matter of the receivership of the Windham County National Bank of Danielson, set awry the receiver of the Supreme Court, made through Judge Gager, in this city, on the petition of Mrs. Ella S. Russell, widow of Congressman Russell. As a result of that petition of a stockholder of the bank, J. P. Tuttle, of Hartford, was appointed temporary receiver under a bond of $20,000. When Mr. Tuttle went to Danielson to assume control of the bank's affairs and presented himself at that institution to-day, he found that United States Bank Examiner Edwin A. Barrows had already assumed control of the bank's affairs, as a representative of Ellis S. Pepper, who was appointed receiver of the bank by the comptroller of the currency at Washington. Mr. Tuttle thereupon returned to Hartford. He made a formal demand upon Mr. Barrows to turn over the bank's affairs, but this demand was refused.


Article from The Barre Daily Times, December 24, 1903

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Connecticut Bank Closed. Danielson, Conn, Dec. 24.-In accordance with the order of Judge Gager of the state superior court, who, after a hearing in chambers at Hartford, appointed Joseph P. Tuttle of that city receiver of the Windham National bank on petition of a stockholder, the doors of the bank were not opened for business. Among stockholders and depositors there was much interest as to the probable action of Receiver Tuttie in view of the fact that another recelver, Ellis W. Pepper, had been appointed by the national comptroller of the currency.


Article from The Providence News, December 24, 1903

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CASH ACCOUNT CORRECT So Says Receiver Pepper Who Is in Charge of Windham County National Bank. Danielson, Conn., Dec. 24.-Receiver Ellis W. Pepper has examined the cash account of the Windham County National bank which institution was closed by an order of Judge Gager on Tuesday and it is understood has found them to be correct. He is now scrutinizing the paper and collateral. The directors in interviews today expressed confidence that the receiver's report will show the affairs of the bank to be absolutely correct. Mr. Atwood of the board says that criticism of certain notes held by the bank which notes it has been alleged were used to provide fund for certain investments, is unreasonable as any single endorser of the notes is able to replace all the notes with cash and this will be done, he says, if the receivers should require it. The amount of these notes is said to be $23,100.


Article from Daily Kennebec Journal, December 24, 1903

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TWO RECEIVERS Appointed for the Windham County Bank at Danielson, Ct. Hartford. Conn, Dec 23-Federal interference in the matter of the receivership of the Windham County National Bank of Danielson set awry the arrangement of the superior count, made through Judge Gager, yesterday, in this city on the petition of Mrs. Ella S. Russell, widow of Congressman Russell. As a result of this petition of a stockholder of the bank, Joseph P. Tuttle of Hartford, was appointed temporary receiver under a bond of $20,000. When Mr. Tuttle went to Danielson to assume control of the bank's affairs and presented himself at that institution, today, he found United States Bank Examiner Edwin A. Barrows of Providence, there. Mr. Barrows had already assumed control of the bank's affairs as a representative of Ellis S. Pepper, who was appointed receiver of the bank by the comptroller of the currency at Washington. Mr. Tuttle thereupon returned to Hartford. He said he would not enter a protest, as he was satisfied that the federal officer was in lawful authority, but he made a formal demand upon Mr. Barrows to turn over the bank's affairs. This demand was refused. In an interview Mr. Tuttle said that had he reached the bank first, he would likewise have declined to vacate for Mr. Pepper or his representative. It was a question of which receiver would get there first, and the federal representative won out. Attorney Edward D. Robbins, who represented Mrs. Russell in the court proceedings, yesterday, said, today, in relation to the action of the comptroller of the currency that it was immaterial to him which receiver took control. He was of the opinion that whichever receiver got to the bank first would be recognized. He added that there was legal ground for action taken in the superior court, a stockholder having made application for a receiver.


Article from New-York Tribune, December 25, 1903

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WINDHAM BANK AFFAIRS. The Receiver Finds the Cash Accounts Are Correct. Danielson, Conn., Dec. 24.-Ellis W. Pepper. the receiver, has examined the cash accounts of the Windham County National Bank, which was closed by an order of Judge Gager on Tuesday, and, it is understood, has found them to be correct. He is now scrutinizing the paper and collateral. The directors, in interviews to-day, expressed continued confidence that the receiver's report will show the affairs of the bank to be absolutely correct. Mr. Atwood. of the board, says that criticism of certain notes held by the bank, which. it has been alleged, will be used to provide funds for certain investments, is unreasonable, as any single indorser is able to replace all the notes with cash, and this will be done, he says, if the receiver should require it. The amount of these notes is said to be $23,100.


Article from The Providence News, December 28, 1903

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FINANCIAL BATTLE IS NOW ON Danielson, Conn., the Scene of a Unique Financial Situation. The examination of the Windham County National bank, which is now in the hands of the receiver, has progressed in such a rapid manner that it is hoped before many days a final decision of its condition will be reached. Mr. Pepper, the receiver, and Bank Examiner E. A. Barrows have since taking charge learned considerable as to how, In many details, the management of the establishment was carried on, and if they decide that the bank is solvent, It will be opened again for the transaction of business. The financial war in Danielson has now resulted in an accusation by directors of the Windham County bank that the attack upon them was brought about by those who were behind a. new banking institution that is soon to begin business there, and it is now said, on the other hand, by one of the originators of the new bank, that instead of their being the aggressors in the financial war, they are really on the defensive, and that a. suit was brought against one of their number by the older institution, with the purpose of killing the new bank. The closing of the bank has been a decided inconvenience to the people of Danielson, especially coming as It did just before the holidays. a time when money used at the holiday season passes through such institutions in large amounts. A number of the business houses in Danielson have temporarily taken their accounts to Putnam, and are making their deposits for the present in the First National bank of that place. Others who are not intending to draw on their accounts immediately are making use of the safe deposit boxes in the Windham County bank. There does not appear to be any great amount of worrying done by those citizens of Danielson who are financially interested in the condition of the bank, and there is a prevalent idea that everything will come out all right. Charles P. Backus, the ex-cashier of the Windham County National bank and one of the men who have been interested in the formation of the new Puritan National bank of Danielson, is well known to the banking men of Providence. and is regarded as a bright young banker. In his associations with President Burlingame of the Windham County bank he has shown considerable skill as a manager. It caused surprise here when it was known that he had recently severed his connection with the older bank, and a short time ago was engaged in purchasing fixtures for the new bank in Boston and Worcester. In a recent interview Mr. Bachus is said to have denied that the new bank had instigated proceedings in court against the Windham County National bank, and went on to say that as far as he could make out all the trouble was brought about by Mrs. Russell. who has figured prominently in the matter.


Article from The Fulton County News, December 30, 1903

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THE LATEST NEWS IN SHORT ORDER. Domestic. Judge Kirkpatrick, of the United States Circuit Court in Newark, N. J., authorized Receiver Tatnall to issue a call assessing the shareholders of the Asphalt Company of America in the sum of $14,000,000. Upon the petition of Mrs. Ella S. Russell, a receiver was appointed for the Windham County National Bank of Danielson, Ct. Mrs. Russell charged that the officers speculated with bank funds. The twin brother of Miss Elizabeth Gillespie, of Rising Sun, Ind., and other members of the family were arrested for her murder. Writs of habeas corpus were secured in their behalf. Counsel for the Ship Trust promoters were indignant at the publication of letters and cablegrams which showed how the promoters had tried to drive the French underwriters. The five officers and instructors of a school in Chicago which taught students how to manufacture and imitate all kinds of liquors were arrested on the charge of operating a distillery. Rear Admiral Walker arrived at New York from Panama, and says the marines on the isthmus will be able to deal with any situation that may arise. Joseph Baumenblitt, one of the counterfeiters who turned State's evidence, testified in New York against the other members of the gang. Albert Driscoll and J. E. Russell, suspected of being safe-blowers, were sentenced to the county chain gang in Mobile, Ala. The cruiser New York will shortly sail for Panama from San Francisco with the torpedo-boat destroyers Preble and Paul Jones. Second Lieutenant Floyd C. Miller, of the First Infantry, which was guarding President McKinley's grave, has disappeared. Charles D. Fenstemacher. accused in Philadelphia of using the mails to defraud, committed suicide in his cell. The Building Trades' Council and the Plumbers' Union were temporarily enjoined by the Supreme Court in Cincinnati from interfering with employes of the Contractors' Association by way of discipline. Alderman John J. Brennan, of Chicago, was sentenced to one year in the House of Correction by Judge Gary on a charge of complicity in election frauds. James M. Edge, the bank teller of the First National Bank of Paterson, N. J., who embezzled $110,000, was sentenced to the penitentiary for seven years. The Meteor, a fast train on the St. Louis and San Francisco Railway, was wrecked at Godfrey, Kan. Nine persons were killed and over 20 injured. A number of respondents in the boodling cases in Grand Rapids, Mich., appeared in court and pleaded not guilty. A successful operation was performed in Sioux City by Dr. William Jep. son on John Norstrom, who broke his neck. General L. W. Colby, indicted in Omaha, Neb., on the charge of embezzling government funds, gave bail.


Article from Evening Star, January 15, 1904

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Bank Authorized to Resume. The Windham County National Bank of Danielsonville, Danielson, Conn., which closed its doors on December 22, by direction of the state court, and for which a temporary receiver was appointed, today was authorized by the controller of the currency to resume-business. This action is taken upon the report of Ellis Pepper, receiver, appointed by the controller, who finds that the bank is entirely solvent and its capital unimpaired.


Article from The Indianapolis Journal, January 15, 1904

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Notes of Trade, Labor and Industry an involuntary bankrupt. The concern is a "he plant of the Pennsylvania Car Wheel large manufacturing establishment in the mpany, Allegheny, will resume in full city of Dayton. The company was adjudged giving employment to 700 men. an involuntary bankrupt. Harry E. Talbott E. Corey, president of the United and William B. Ernshaw, of Dayton, were Steel Corporation, sailed for Europe appointed temporary co-receivers to take the steamship La Savoie yesterday, for care of the property until the creditors can months' recreation. elect a trustee. The firm of E. S. Hooley & Co., which susThe National Association of Brokers in during the depression in the stock Refined Sugars, which includes 24brokerage some months ago, has been reinconcerns doing business in the leading cities to membership in the New York of the United States, has held its first anExchange. nual meeting in New York. R. H. Lamconsolidation of all the wholesale groborne, of New York, was elected president. houses of central West Virginia was Among the directors chosen were H. E. at Clarksburg yesterday. New Havemeyer, Chicago; Harry Loy, Dayton, capitalists are back of the deal, which O., and Ariel Meinrath, Chicago. Retiring olves over $2,000,000. President Minford reported excellent progotification of a cut in wages ranging ress during the first year of the organization's existence. 25 to 40 per cent. has been given to the steel workers of the Illinois Steel The foreclosure proceedings of the New mpany's plant at South Chicago. Only York Security and Trust Company and men are involved, but their wages for Charles M. Schwab against the United eight-hour day range from $8 to $15. States Shipbuilding Company and Receiver Smith were adjourned yesterday until Jan. he Eastern Shipbuilding Company of London, Conn., yesterday announced 20, the adjournment being taken in complithe launching of the steamship Dakota ance with the stipulation entered into by all interests in the shipbuilding litigation that the Great Northern Railway's Pacific trade will take place Saturday, all suits should be held in abeyance pending 6. The Dakota is a sister ship to the the decision of Judge Kirkpatrick, of the Federal Court of New Jersey, on the monnesota, which was launched last spring. tions for the consolidation of all the acthe striking girl stogie rollers from Wiltions pending before him. Bros'. factory at Meyersdale, Pa., led demonstration at Elk Lick mine, one of Judge Gager, in the Superior Court at Somerset Coal Company, which resultHartford, Conn., yesterday, ordered the in the six men working there going on discharge of State Receiver Tuttle, of the Windham County National Bank at DanielThe girls belong to the Federation son. Counsel for Mrs. Ella Russell, widow Labor. They had a band and were acof ex-Congressman Russell, who petitioned npanied by several hundred miners, women and children. for the receivership, stated to the court that the old board of receivers had been the annual convention of the United deposed, the bank's capital had been reWorkers of the Pittsburg district, stored and $17,000 worth of paper, which has been in session at Pittsburg for had been put up for speculative purposes, days, the delegates to the national had been taken up by the makers. The avention, which meets in Indianapolis bank, it is announced, will reopen to-day. Monday, were instructed to demand 'At the convention of the International advance in the pick mining rate of ten a ton. This will increase the rate to Union of Hodcarriers and Building Laborers at Trenton, N. J., yesterday, Samuel and will equalize the pick and machine Gompers, president of the American Fedprices. eration of Labor, made an address. He Ianufacturers of rail-rolling plants from spoke of the industrial depression and, York, Pennsylvania, Ohio, West Virwhile he held out hopeful views for the Maryland and Georgia met in Pitts situation, he advised that all union men yesterday to discuss means for should prepare themselves for a depression engthening prices and securing a better by the exercise of frugality. He also adcondition. The manufacturers are vised that the national and State per capita outside of the United States Steel tax of the American Federation of Labor rporation. It is said the organization of be increased because of the great expense for the maintenance of prices may be involved in the spreading of unionism. The outcome of the meeting. convention defeated the proposition for the Manufacturers of steel bars in session at establishment of the international mortuary ttsburg reaffirmed prices. The manufacfund. It was decided that the national are said to be well pleased over the headquarters of the federation be mainprovement which the industry has shown tained in Chicago. the last ten days. At the meeting The United Mine Workers of District No. developed that new orders placed last 6, in session at Columbus, O,, unanimously with the largest steel producers were adopted a resolution favoring the study of than during any similar period economic and political questions, in order last July and this week thus far is to prepare to take possession of the juowing a decided improvement over the diciary, legislative and executive powers of week. government, in order to take away the 'he Pennsylvania coke trade seems to powers of the employers to use governstarted upward with a rush after its mental powers to advance their own ends. period of depression. During the week A resolution was adopted declaring that additional ovens have been fired, and engineers must belong to the miners' union. production increased 20,000 tons. EstiThe strike of the Chicago livery drivers on production show December to began anew yesterday. After a truce of fifthe lightest output of any month of teen days following the Iroquois fire, the past year, the total being 427,928 tons. 1,600 drivers of carriages and hearses were production for 1903 was over a million ordered out again. However, to avoid the a half tons less than for 1902, and nearly distressing interference with the burial of less than for 1901. the dead witnessed at the beginning of the strike, a modification of the strike order petition was filed by three creditors in United States District Court at Cincinwas made, and before the day was over yesterday to declare the Stillwell, hearses manned by union drivers were at & Smith-Valle Company, of Dayton, the disposal of every liveryman in the city.


Article from The Washington Times, January 15, 1904

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CONNECTICUT BANK TO RESUME BUSINESS The Windham County National Bank, of Danielson, Conn., which was closed on December 22, was today authorized by the Comptroller of the Currency to resume business upon the report of Ellis S. Pepper, the receiver appointed by the Comptroller, that the bank is en tirely solvent and its capital unimpaired. A new board of directors has been elected and the suit brought by Mrs. Ella Russell. in the State court, has been dise essed.


Article from The Providence News, January 15, 1904

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BANK RESUMES Windham County National Bank Reopened Its Doors Today - Capital Unimpaired. Danielson, Conn., Jan. 15.-The Windham County National Bank, resumed business today after having been closed for several weeks on account of receivership proceedings which were terminated yesterday in the Superior court at Hartford. The new directors have issued a statement saying that all the bank's books have been carefully examined and that after charging off all worthless paper and scaling in value all doubtful paper, it has been ascertained not only that the capital of $50,000 is unimpaired, but that there is 8. surplus of $3,000.


Article from Daily Kennebec Journal, January 16, 1904

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IN BETTER CONDITION. One Failed Bank Resumes and Another Pays a Dividend. Danielson. Conn., Jan. 15.-The Windham County National Bank resumed business, today, after having been closed for several weeks on account of receivership proceedings which were terminated, yesterday, in the superior court at Hartford. The new directors have issued a statement saying that all the bank's books have been carefully examined and after the clearing off all worthless paper and sealing in value all doubtful paper, ft has been ascertained not only that the capital