National Bank (Port Jervis, NY)

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PORT JARVIS BANK CLOSES

New York, Dec. 19.-The National bank of Port Jarvis, N. Y., did not open its doors for business today. A notice signed by President Francis Marvin and Vice President Sharp was posted. saying that temporary suspension was necessitated by the stringency in the New York money market. The suspension is attributed primarily to the recent defalcation of L. E. Goldsmith, the assistant cashier.

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EL PASO, TEXAS, TUESDAY, DECEMBER 19, 1899 to a noon way below their actual value. altho HEARING ENGLAND'S Such giltedged dividend|payers as the added New York Central and Lake Shore are in su selling five and six cents below normal. were BEGUN YEOMANRY A better feeling is gradually prevailgiver ing. The panic was thought to be pracrecor tically over at three o'clock. worth BOSTON BROKERS SUSPEND. Bu To Be Used As Rough The Taking Of Testimony In plain BOSTON, Mase., Dec. 19.-The well men t known firm of Dilloway & Starr, bankthe Dam Case Is Riders In South take ers and brokers, assigned at 10:30 this of w Finished Africa morning. A BANK FAILS. causi the n WASHINGTON. Dec. 19.-The compactua troller of the currency announced this And afternoon that the National Bank, of OPENS appa AN EXCITING RUMOR GOVERNMENT Port Jarvis, N. Y., has been placed. in reach the hands of a temporary receiver. figur The failure is said to be due to a large Bu defalcation. tion FAILURE IN LONDON. That Buller Had Crossed the The Argument But the Outhe c LONDON, Dec. 19.-The - Northern look For the Dam Comthe y Tugela And Methuens' and London bank, limited, with a capMEA ital of two million, has suspended payCommunications pany Is EncourAr ment. It is expected there will be a Were Cut. Harr squeeze with several failures on the aging. London exchange at next settling day. whet meas BANK RATE RAISED cura: Special Dispatch to the HERALD. BERLIN, Dec. 19.-Owing to the finLONDON, Dec. 19.-The war office's phat LAS CRUCES, N. M., Dec. 19. Judge ancial stringency the bank rate has plans to organize a cavalry contingent whet been raised to 7 per cent. Burch resumed his argument this of 3,000 of the British yeomanry for with

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Bank Fallure

New York, Dec. 19.-The National bank of Port Jarvis, N. Y., did not open its doors for bueiness today. A notice, signed by President Francis Marvin and Vice President Sharp, was posted, saying that temporary suspen. elon was necessitated by the stringency in the New York money market. The suspension is attributed primarily to the recent defalcation of L. E. Goldsmith, the assistant cashier.

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Bank Failure

New York, Dec. 19.-The National bank of Port Jarvis, N. Y., did not open its doors for business today. A notice, signed by President Francis Marvin and Vice President Sharp, was posted, saying that temporary suspen. eion was necessitated by the stringency in the New York money market. The suspension is attributed primarily to the recent defalcation of L. E. Goldsmith, the assistant cashier.

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Port Jervis Failure New York, Dec. 19.-The National Bank of Port Jervis, N. Y., did not open its doors for business today. A notice signed by President Francis Marvin and Vice President Sharp was posted saying that a temporary suspension was made necessary by the stringency in the New York money market. The suspension is attributed primarily to the recent defalcation of L. E. Goldsmith, the assistant cashier.

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Port Jervis Bank Closed

NEW YORK, Dec. 19.-The National Bank of Port Jervis, N. Y., did not open its doors for business to-day. A notice signed by President Francis Marvin and Vice President Sharp, was posted. saying that temporary suspension was necessitated by the stringency in the New York money market. The suspension is attributed primarily to the recent defalcation of L. E. Goldsmith, the assistant cashier.

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NATIONAL BANK OF PORT JARVIS SUSPENDED WASHINGTON, Dec. 19.-Word has been received at the office of the Comptroller of the Currency that the National Bank of Port Jarvis, New York, closed its doors to-day. I. C. Moore, National Bank Examiner, has been placed in charge as temporary receiver. The bank's statement on December 5 showed resources of $683,601. Its liabilities included $414,391 of deposits.

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VALL STREET BEARS SCURRY TO COVER lew York Banks Stay the Panic on Change by Unloosing a Golden Stream. EW YORK Dec. 19 -There was a com count of the character of collateral where industrials were included The clearing te revolution of sentiment in Wall house committee was in session during to-day. and the latter part of the the day but by the time the market sion of the Stock Exchange witnessed closed had come to the conclusion not to nething like panic among the bears, call a meeting for to-morrow though furwere making frantic efforts to sethen sessions can be had at need. stocks to cover short contracts, and Yesterday's unprecedented events on the Stock Exchange attracted immense ding prices up on themselves. The throngs to the financial district this mornpessional traders took the long side of ing. The galleries were inadequate to market and bid up prices to take the meet the demands on them and great rket away from the bears Many ODcrowds of all sorts and conditions of men tors who had ruthlessly sacrificed their and women surrounded the approaches The strain upon the brokers and operdings in the pandemonium of yesterators was a severe one and the scramble s were also eager buyers. in the hope and turmoil upon the floor of the exretrieving losses. Besides these elechange made scenes of inextricable confusion. nts there was a large contingent of rggin-hunters, made up of people with A comparison of prices with those of Saturday's close shows that the level is dy money looking for investment, and still materially lower. though very subo buy outright to hold. stantial recoveries were made of vesterome such revulsion of feeling was a day's extreme loss. The day's advances tural consequence of the violent decline range all the way from two to twelve yesterday, which overran itself. The points in the prominent, active stocks. ue of the speculative conflict was by means certain until about midway of session and yesterday's tide of disasFAILURE OF LONDON was not stemmed without titanic exerthe part of the most powerful AND NORTHERN BANK ancial interests in the country acting in cert. Millions of dollars in money were thcoming for the extension of credits LONDON, Dec. 19.-The failure of the buyers of securities The clearing use banks supplemented their yesterLondon and Northern Bank (Limited). contribution of $10,000,000 by another comparatively small concern, was anthe same to be loaned at the nounced to-day. The directors issued a rket rate The announced determinastatement attributing the failure to the in of the Secretary of the Treasury to alleged libelous assertions regarding the rease Government deposits in deposi3 banks gave promise of relief from bank which have appeared in the press start and funds estimated at $7,000,003 The bank's assets, according to the dicame available from this source before rectors, should fully cover the liabilities The failure of the bank and the rise of nder the influence of this abundance the German rate of discount and interest, panic rates for money were time approached, but the demand the latter from 7 to 8 per cent. did not loans made inroads on the supply appear to have any serious effect on the seemingly appetite. The market here. The general feeling on the went per cent. but steadily destreet was that the conditions were betthat point under the offerings ter. This was not a little due to the imuntil it was forced pression gained from private advices that per cent and in the late afteran arrangement had been reached in New fell 51/2, and at last to 2 per York over night to support the market and prevent a recurrence of yesterday soon as the stringency relaxed it bepanic. of manifest that the pressure It is hardly thought that the rise in released and the market the German discount rate will cause a calm that seemed profound by corresponding increase of the English the constant hurly-burly bank rate yesterday morning. The transactions on the Stock Exchange When the money rate fell to an easy were again unmarked by a serious amount prices began to rebound and some of liquidation. There was a plethora of were shown, esoffers to sell, but buyers were hard to cially in the mercurial specialties. The find. Consequently, many shares were large as to invite conmarked down, though not to such an erable profit-taking by the traders in extent as yesterday. The lack of actual final dealings. but the undertone contransactions was generally due to the strong until the close, which feeling that the larger houses will do wed substantial net gains all through nothing until it is known whether or not list the French bank rate will be raised. It 'he early hours of the trading witnessis believed in some quarters that, if this very heavy liquidation in continuance occurs the Bank of England will follow yesterday's process of recuperation suit with resulting increase in the gravthere was no approach to the panic ity of the situation and further depreciaditions of at any time The ation of values. At the close the imprestensive and elaborate preparations sion prevailed that the Bank of France de to meet the crisis were evident at would raise its rate, though It would not opening and prices were opened at be definitely known until to-morrow. ge advances all through the list. The At the opening absolutely unfounded sult was helped by the higher quotarumors, such as serious defeat of Genns sent over from London, where the eral Clery, helped the depression in price ck exchange had a false rumor of a though the Bank of England freely distital retrieval of General Buller of his counted thirty-day bills at per cent. and cent disaster The high prices for apparently there was no particular pressmericans in the London market were ure in Lombard street. ubtless due in part to manipulation orPrevious to yesterday's semi-panic there from this side. in furtherance had undoubtedly been large liquidations the general plan to sustain and proBut it is believed they were anticipated the market The opening advance and to some extent this will prevent se. met an avalanche of liquidating rious difficulties at the next settlement. which promptly drove down prices After the weak official closing. Amerithe utmost efforts to sustain can securities were firmer on the street. Not a few stocks showed eviAtchison preferred was the special feaces of positive weakness and the first ture, and rose 1% above the official closing hours of trading were given up to price South African securities also hardened somewhat ious activity and indescribable consentiment of he steady absorptive power of the BANK OF GERMANY'S ying was bound to have a reassuring and the manner in which the ulation was brought to a standstill BULLION DEPLETED highly impressive Even before noon ient stability had been established to the report of a failure by broker BERLIN Dec. 19 -The Reichsanzinger house in Boston, which would have publishes the following statement: At sufficient to demoralize yesterday the meeting of the central committee of rket the Bank of Germany to-day, Herr Kock, with the subsidence of the panic cona director. discussing the financial situasaner and quieter view develtion. said the position of the bank had A study of the facts in connection never before been so strained at the same h the trust company which came to period of the year and that the stock of yesterday and of the securities with bullion had become seriously diminished ich it was involved showed them to being 57,000,000 marks less than in 1898 unique and not be taken as justifyAfter giving other figures showing the the wholesale fear and distrust which difficulties of the situation, he said it had felt yesterday. not only of all trust been impossible to avoid an increase in npanies, but all industrial securities the bank rate. there was abundance of caution and discrimination shown toagainst many of the industrials and NATIONAL BANK OF cially in the placing of loans. They not acceptable as collateral and PORT JARVIS SUSPENDED ney was not easily procured for the pose of supporting them in the market was reported that the financial powers WASHINGTON Dec. 19.-Word has certing of relief were not albeen received at the office of the Compother in agreement as to the length to troller of the Currency that the National ich it was desired to go, some of them Bank of Port Jarvis, New York, closed ding the opinion that no real benefit its doors to-day. C. Moore, National uld accrue from sustaining some of the Bank Examiner, has been placed in ustrial securities. But the danger dis. charge as temporary receiver The bank's sed by yesterday's events on the whole of values carried the day in favor statement on December 5 showed rerelief the sources of $683,601 Its liabilities included he decision of the banks was to place $414,391 of deposits. their available resources at the disal of borrowers without regard to the ect on the surplus reserve The knowl. COLUMBIAN IRON WORKS e of this determination had much to with allaying the apprehension The IN A RECEIVER'S HANDS her rates for money made during the 7 were due to discrimination on acUnable to Moot Obligations Accord

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National Bank of Port Jarvis

New York, December 19.-The National bank of Port Jarvis, N. Y., did not open its doors for business today. A notice was posted, saying that temporary suspension was necessary by the stringency in the New York money market. The suspension is attributed primarily to the recent defalcation of L. E. Goldsmith, the assistant cashier.

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Port Jervis Bank Closes

WASHINGTON, Dec. 19.-Word has been received at the office of the comptroller of the currency that the National Bank of Port Jervis, New York, closed its doors today. I. C. Moore, national bank examiner, has been placed in charge as temporary receiver.

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Suspension of a Bank

| New York, Dec. 19.-The National Bank of Port Jervis, N. Y., did not open its doors for business today. A notice signed by President Francis Marvin and Vice-President Sharp was posted, saying that temporary suspension was necessitated by the stringency in the New York money market. The suspension is attributed primarily to the recent defalcation of L. E. Goldsmith, the assistant cashier.

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Bank Fails at Port Jarvis, N.J. New York, Dec. 19.-The National Bank of Port Jarvis, N. Y., did not open its doors for business today. A notice, signed by President Francis Marvin and Vice President Sharp, was posted, saying that temporary suspension was necessttated by the stringency in the New York money market. The suspension is attributed primarily to the recent defalcation of L. E. Goldsmith, the assistant cashier. Washington, Dec. 19.-Word has been received at the office of the comptroller of the currency that the National Bank of Port Jarvis, New York, closed its doors today. I, C. Moore, national bank examiner. has been placed in charge as temporary receiver. The bank statement on December 5 showed resources of $683,601. Its liabilities included $414,391 of deposits.

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Criminal Record.

The national bank at Port Jervis, N. Y., has suspended, owing to a defalcation of the cashier.

Mrs. G. W. Shinn, wife of a Shelby county, Missouri, member of the state legislature, committed suicide.

Lena Myers, a domestic at Alton, Ill., committed suicide because she feared arrest for theft of which she was guilty.

E. S. Osborne of Springfield, Ill., has identified the body of a man who committed suicide last Wednesday as his brother-in-law, Charles Reynolds of Greenfield, La.

The supreme court of Georgia has refused a new trial to Burke Waters, a Seventh Day Adventist, convicted of violating the law in working on Sunday. His sentence is six months on the chain gang or a fine of $65.

George Templeton, a negro, shot and fatally wounded Sanford White, superintendent of construction at the Rainey Coke works at Uniontown, Pa. After White fell he shot and mortally wounded Templeton. White died a few minutes after being shot.

While on trial, charged with murder and abortion at Dallas, Tex., Dr. S.M. Jenkins was shot and mortally wounded by a brother of Mary Wheat, one of the doctor's alleged victims. John Halligan, brother-in-law of Jenkins, fired at Wheat, missing him. Both are under arrest.

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Lewis E

Goldsmith, for years the assistant cashier of the Port Jervis, N. Y., National Bank, who pleaded guilty to have stolen nearly $100,000 from that institution, was sentenced by Judge Thomas in the United States circuit court at New York, Friday, to serve eight years in the penitentiary at Sing Sing. The bank is in the hand of a receiver.

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PORT JERVIS BANK TO OPEN

Middletown, N. Y., Feb. 23.-The National Bank of Port Jervis, which suspended on December 10, owing to alleged defalcation by the assistant cashier, Goldsmith, will resume business on March 5. Robert D. Muir, of East Orange, N. J., will be

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PORT JERVIS NATIONAL BANK TO RESUME

Washington, March 3.-The National Bank of Port Jervis, N. Y. which suspended payment on December 19, 1899, having complied with the conditions imposed by the Controller of the Currency, and its capital being now unimpaired, has been permitted to resume, and will open its doors for business on Monday. March 5, as an active National banking association.

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Port Jervis Bank to Reopen

Washington, March 5.-The National bank of Port Jervis, N. Y., which suspended payment Dec. 19, 1899, having complied with the conditions imposed by the comptroller of the currency and its capital being now unimpaired, has been permitted to resume and will open its doors for business as an active national banking association.

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THE NEWS IN BRIEF

For the Week Ending March 5. Secretary Root left Washington for a short visit to Cuba. The ninetieth birthday of the pope was celebrated in Rome. Japan is said to be increasing its standing army to 300,000 men. Immense coal beds have been found in the vicinity of Dawson, Alaska. Congress is urged to act upon the bill giving statehood to New Mexico. Cape Colony will protest against Great Britain annexing the Boer republics. Earthquakes throughout southern Mexico did great damage and killed five persons. Edward S. Dreyer, former banker, was convicted in Chicago of embezzling $316,032. Elida Wilbur, a San Francisco girl, is recovering from a trance that has lasted two years. Five Aberdeen (Scotland) fishing boats were lost in gales and 70 persons were drowned. Congressman C. A. Boutelle, of Bangor, Me., has nearly recovered from a supposed fatal illness. Labor troubles in Chicago have assumed a most serious aspect, over 39,000 men being on a strike. Charles E. Lutz shot his brother and killed the latter's wife in a row over money matters in Chicago. Lord Curzon, viceroy of India, says 4,372,000 persons are receiving relief daily from the government. Thomas Smith, a young negro, was hanged at Goldsboro, N. C., for the murder of Charles Cawthorne. Engineer Oliver and Fireman Adams were fatally injured in a wreck on the Illinois Central at Pope, Miss. Business in New England, New York and Canada was almost at a standstill because of deep snow and floods. The National bank of Port Jervis, N. Y., which suspended payment last December, has reopened its doors. In a family quarrel at Buffalo, N. Y., Edward Mead shot Bert Wixson, his brother-in-law, and then killed himself. An express train on the Canadian Pacific road jumped the track near Pontypool, Can., and 25 persons were injured. Rt. Rev. Mahlon N. Gilbert, bishop coadjutor of the diocese of Minnesota (Episcopalian), died in St. Paul, aged 52 years. The convention in New Orleans of the National Editorial association elected W. F. Parrett, of Waterloo, Ia., president. Jim Crosby (colored) was shot dead and his wife and daughter fatally shot by a mob at Letohatchee, Ala. Crosby had threatened revenge for the lynching of a friend.

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Will Resume

Washington, March 5.-The national bank of Port Jervis, N. Y., which suspended payment December 19, 1899, having complied with the conditions imposed by the comptroller of the currency and its capital being now unimpaired, has been permitted to resume and will open its doors for business to-day as an active national banking association.

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Reopens With More Stockholders

MIDDLETOWN, N. Y., March 6.The National bank of Port Jervis, N. Y., which suspended several months ago ow. ing to the defalcation of Assistant Cashier Goldsmith, has resumed business with 158 stockholders as against 84 at the time of the suspension.

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THE EAST

At Port Jervis, N. Y., the National bank, which suspended payment last December, has reopened its doors. Congressman Boutelle, of Bangor, Me., has nearly recovered from a supposed fatal illness. In a lodging house fire in New York city six men were burned to death. President McKinley in a speech at a banquet of the Ohio society in New York said there could be no imperialism, that the war responsibilities would be properly met, and that the people would settle the questions of the new possessions. Bob Fitzsimmons and Tom Sharkey signed articles of agreement in New York for a 25-round fight. Grover Cleveland left Princeton, N. J., for a fishing and hunting excursion in Floria. New Jersey republicans will hold their state convention at Trenton April 19 to elect delegates. to the national convention.

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THE EAST

At Port Jervis, N. Y., the National bank, which suspended payment last December, has reopened its doors. Congressman Boutelle, of Bangor, Me., has nearly recovered from a supposed fatal illness. In a lodging house fire in New York city six men were burned to death. President McKinley in a speech at a banquet of the Ohio society in New York said there could be no imperialism, that the war responsibilities would be properly met, and that the people would settle the questions of the new possessions. Bob Fitzsimmons and Tom Sharkey signed articles of agreement in New York for a 25-round fight. Grover Cleveland left Princeton, N. J., for a fishing and hunting excursion in Floria. New Jersey republicans will hold their state convention at Trenton April 19 to elect delegates to the national convention.

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The National bank of Port Jervis, N. Y., which suspended several months ago owing to the defalcation of Assistant Cashier Goldsmith, has resumed business with 158 stockholders as against 84 at the time of the suspension. Recent inundations in the department of Muquogua, Peru, have caused losses to property estimated at $1,500,000. The inhabitants are petitioning the government to exempt them from the payment of taxes in view of the floods. Three persons were killed and 15 injured by the wrecking of the Northampton train of the New York, New Haven and Hartford railroad, which plunged through a trestle bridge a mile north of Plainville, Conn., on Thursday.

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Port Jervis Man Under a Cloud. Robert Davidson Muir was cashier of the National Bank of Port Jervis, from the time of its reorganization in March, 1900, to January, 1905. He came to Port Jervis on the recommendation of National Bank Examiner I. C. Moore of Washington, who was appointed receiver by the comptroller when the bank was compelled to suspend because of the Goldsmith defalcation. He was born in Missouri and later the family moved to Lincoln, Neb. At the age of nineteen years, Muir entered the First National Bank of Lincoln, as messenger, and rose to the position as assistant cashier. From this office, he was made a national bank examiner and was the assistant of Bank Examiner C. E. Hanna for the New York, Philadelphia, Baltimore and Washington territory. In January, 1905, he was forced to resign his position because of his irregularity. He also attempted to wrest the control of the bank from Dr. W. L. Cuddeback, its president since the reorganization by securing proxies of stock, but was unsuccessful. Later he attempted to organize a trust company in Port Jervis, but failed in that also. From Port Jervis, Mr. Muir went to New Haven. He became cashier of the Peoples' Trust Company. He has now unaccountably disappeared and it is rumored a shortage of $23,000 is the cause of his going away.