14129. Marine National Bank (New York, NY)

View Charter #1215 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
1215
Charter Number
1215
Start Date
May 6, 1884
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
96b17d0ab4b124cd

Response Measures

Full suspension, Books examined

Receivership Details

Depositor recovery rate
83.5%
Date receivership started
1884-05-13
Date receivership terminated
1899-09-30
OCC cause of failure
Fraud
Share of assets assessed as good
59.4%
Share of assets assessed as doubtful
13.9%
Share of assets assessed as worthless
26.7%

Description

Contemporary articles (May 6–12, 1884) report depositors gathering at the bank door (heavy withdrawals/run), the bank abruptly closing the doors and announcing suspension after failing to meet clearing house obligations (~$500,000). Examinations found the bank insolvent and a receiver was to be appointed (Comptroller reported insolvency May 12; receiver actions documented later). Cause traced to President James D. Fish's real-estate speculations and entanglement with the Grant & Ward failure; sequence is a run → suspension → receivership/closure.

Events (5)
1. June 3, 1865 Chartered
Source
historical_nic
2. May 6, 1884 Run
Cause
Bank Specific Adverse Info
Cause Details
Depositors rushed after the bank abruptly closed when it could not meet clearing house obligations; underlying problems linked to president James D. Fish's heavy real-estate speculations and connections to Grant & Ward
Measures
Bank closed doors abruptly; paying and receiving windows shut (no payout)
Newspaper Excerpt
A few minutes after 10 o'clock a gentleman made a deposit ... the bank porter began rolling down the iron shutters ... crowd of excited depositors gathered at the corner of Wall street and Pearl
Source
newspapers
3. May 6, 1884 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Inability to meet clearing house indebtedness (~$500,000); suspected drain from president's real-estate transactions and entanglement with Grant & Ward
Newspaper Excerpt
The suspension of the Marine National Bank was announced a little after 11 this morning. The immediate cause ... inability to meet its debt of about $500,000 at the clearing house
Source
newspapers
4. May 12, 1884 Receivership
Newspaper Excerpt
The Comptroller ... received a letter ... saying that the bank is insolvent, and will have to be placed in the hands of a receiver. The Comptroller says that a receiver will be appointed ... probably to-morrow.
Source
newspapers
5. May 13, 1884 Receivership
Source
historical_nic

Newspaper Articles (24)
1. May 7, 1884 The Semi-Weekly Miner Butte, MT
Article from The Semi-Weekly Miner, May 7, 1884

Click image to open full size in new tab

Article Text

The depositors, judging from the appearance of those about the building, are of the well-to-do class. An explanation is promised this afternoon. The Post says the suspension of the Marine National Bank was announced a little after 11 this morning. The immediate cause of the failure was the bank's inability to meet its debt of about $500,000 at the clearing house this morning, but the cause behind this is supposed to be the real estate operations of President James D. Fish during the last year or two. Within that time he bought Booth's theatre and the Casino and has also recently purchased a large apartment building. The reconstruction of Booth's theatre and building of the "Mystic," have taken a great deal of ready money which he is presumed to have borrowed from the bank. Fish is second vice president of the St. Louis & San Francisco railroad, and the Marine Bank is the registration office of that stock. It is presumed this connection had nothing to do with the embarrassment of the bank, though it is understood that some connection with either Ontario & Western and West Shore stock manipulations may have had some influence, though something only secondary to the real estate operations of the president. A few minutes after 10 o'clock a gentleman made a deposit at the Marine National Bank and as he went out was followed to the door by the bank porter who began rolling down the iron shutters. The depositor ran back but the receiving clerk had shut his window and gone out of business for an indefinite period. The paying teller was still more conspicuous by his absence and the depositor had the consolation of standing on the steps of the bank the next hour telling his experience to a crowd of excited depositors who gathered at the corner of Wall street and Pearl within an incredibly short time. Unless the failure was the result of worse than too heavy real estate speculations, the failure will not prove disastrous. One depositor said Wall street generally objected to the Marine tank because of its family character. James D. Fish is president, and John D. Fish, his nephew, cashier, and half a dozen other relatives of the president* were in positions of trust.

2. May 7, 1884 The Dallas Daily Herald Dallas, TX
Article from The Dallas Daily Herald, May 7, 1884

Click image to open full size in new tab

Article Text

CO may nounce closing on account of the failur Marine bank. A visit to the bank discovered some fi disconsolate depositors standing in pouding rain around the closed doors. admittance was given reporters. No not was posted on thedeor. The bank was o the usual hour this morning, but bet noon closed abruptly without assigning , cause. The stock market was very act and seemed to be some connection betw the failure and condition of affairs of tock exchange. Depositors, judging fr the appearance of those about the buildi of the well-to-do class. Explanation promised for the afternoon. NEW YORK, May Associated P reporter visited the clearing house ende bring to obtain information from Mana Camp, but that official would only say clearing house committee was in sess and nothing would be given to the pu until it has concluded the examination the accounts of the bank. It is said on streets that the bank's downfall is due to real estate transaction of President F Sometime ago he bought Booth's the and is now converting it into stores. also interested in apartment hou Officials of the bank asked whether Fis operations had caused the suspension : whether the bank Was doing business w brokers and SO lost money. He retused answer. It is believed that the failure ine to a little of both. The P st save: The suspension of the ! ne National bank was announced a 11 after 11 o'clock this morning. The im diate cause of the failure was the bar inability to meet its debt, about $600,00 the clearing house this morning, the cause lying behind this presumed to be the real est operations of President James D. F during the last year or two, within that time he bou Booth's theatre and the Cas and has also recently been building la spartment building, "The Mys West Thirty-ninth street. reconstruction of Booth's the and building of The Mystic" have ts great deal of money which he is pres to have borrowed from the ha Fish is second vice-presid of the St. Lonis & San Franc railway and the Marine bank is the re tration office of that stock. It is not pres this connection had anything to do , the bank's embarrassments, though i understood to have some connection . either the Ontario & Western or V Shore bonds; manipulation may have some influence, though probably second to the real estate operations of the p dent. A few minutes after 1 o'c a gentleman made a deposit the Marine National bank, and as he v out was followed to the door by the b porter, who began rolling down the shutters. The depositor ran back to find the receiving teller had shut window and gone out of business for at definite period. The paying teller was more conspicuous by his abse The depositor had the consolation of ats ing on the steps of the bank for the 1 hour and telling his experience to cro of excited depositors who gathe the corner of Wall and Pearl str within an incredibly short time after failure of the bank was announced information WAS denied reporters. Go among the crowd of depositors attribt the failure chiefly to the miscarri of large real estate speculat by James D. Fish. The business d was not considered large the neighborhood, and the fee mong the depositors was hep that while some delay might be caused ressity of selling a large amount but unless the fai se than too heavy real es on, the failure would not pi Trous one to the depositors, disposed to make the best of it, said Wall street generally objected to Marine bank because of its fan

3. May 7, 1884 New-York Tribune New York, NY
Article from New-York Tribune, May 7, 1884

Click image to open full size in new tab

Article Text

Bank of North America 100,000 00 Central Trust Company 40,000.00 Chatham National Bank 50,000.00 Columbia Bank 494,000.00 Continential National Bank 50,000.00 Fourth National Bank 250,000.00 Hanover National Bank 1,807,657.59 Importers and Traders' National Bank 150,000 00 Lincoln National Bank 50,000.00 Madison Square Bank 1,000,000 00 Marine National Bank 50,000.00 Mechanics and Traders' National Bank 200,000.00 Mercantile Trust Company 50,000 00 Metropolitan Trust Company 50,000.00 Mount Morris Bank 50,000 00 New-York Produce Exchange Bank 100,000.00 Oriental Bank 300,000 00 St. Nicholas Bank 250,000.00 United States National Bank $5,641,657.59 Total This total includes not only the current city funds, but the collections for the sinking fund. The total amount of city funds varies from day to day. On Monday it was $6,391,675. On that day there was drawn from the Importers and Traders' Bank. on warrants, $1,483,000, and the clearances for city funds on that day were $3,400,000. The foregoing table shows that, with the exception of the Importers and Traders' Bank, the Marine Bank was the city's largest debtor. The charter provides that no banking institution shall have on deposit at one time more than $2,000,000 of the city's funds. All warrants for payments made by the city are drawn on the Importers and Traders' Bank. Checks are drawn on the various banks and deposited 111 the Importers and Traders' Bank, and the amount then drawn against. WHY so LARGE AN AMOUNT WAS IN ONE BANK. Controller Grant said to a reporter of THE TRIBUNE: The Marine Bank was named in 1877 as a depository of city funds. Smith Ely was then Mayor and John Kelly Controller. It has been continued as such. I have left that matter in good part with the Chamberlain. the custodian of the city moneys, and is conversant with the financial standing of the various banks. He gives a bond of $500,000 for the faithful performance of his duties." "Was not the amount lodged with the Marine Bank unusually large?" It was larger than the amount held by any other bank, except the Importers and Traders'. In looking over the amounts held by the various banking institutions yesterday it struck me that the amount ondeposit in the Marine Bank wastoo large as compared with the others. I consulted with the Deputy City Chamberlain, and the result was that we drew on the bank for $300,000. through the Importers and Traders' Bank. When I heard of the failure this morning I was very much astonished, and naturally felt anxious to know whether the $300,000 check had been honored. The Deputy City Chamberlain and I went to the Clearing House and saw Manager Camp. We were informed by him that the bank had made good the checks drawn on it : SO the $300,000 is all right." Had you any intimation that anything was wrong with the bank None whatever. What I did was as a measure of precaution." The city does not come in as a preferred creditor, does it No, It comes under the same category as all other depositors." Were you given any intimation to-day as to the condition of the bank-whether the failure will be a bad one or not 9" "I was shown the morning statement and the figures looked very well. Whether the settlement will be as good as they indicate 1, of course, eannot sav. I should think, however, that the depositors will lose nothing." Is it true that Grant & Ward have invested largely and placed large amounts of the city bonds?" "Yes; they have purchased large amounts of long bonds and have placed for the city large amounts of revenue bonds. These latter have only a few months to rnn, and are issued to meet the current expenses of the city, They are paid from time to time as the taxes for the current year come in. The city loses nothing by this, as all the purchases made by the firm were paid for with certified checks." A few WORDS FROM THE MAYOR. "I was very much surprised, like everybody else, when I heard of the failure," said Mayor Edson. "The city, I suppose, has no more protection than any other depositor." How did the city's funds come to be deposited in the Marine Bank!" You will have to see the City Chamberlain about that. Under the law the Controller, the Chamberlain and the Mayor have the power to designate the banks of deposit for the city, up to the amount of $2,000,000. After that the Chamberlain uses these depositories at his discretion. I had nothing to do with the matter." J. Nelson Tappan, the City Chainberlain,has been in DOOR health for month. He was absent at Ber-

4. May 7, 1884 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, May 7, 1884

Click image to open full size in new tab

Article Text

The Closing of the Marine Bank, New York. "We are Nearly $500,000 Short."---That's All. The Failure Due to the "Absence" of one of the Firm. Six Hundred Doctors in Convention Assembled ! Bank Failure. New York, 6.-The Marine Na. tional bank has closed. J. D. Fish is president of the bank. A year ago the bank purchased Booth's theatre. The clearing house is con sidering the suspension. It is thought the failure is a bad one. The capital of the Marine bank was $400,000. Its statement on September 22d last showed a surplus of $130,000. Undivided profits, $62, 345, John D. Fish is cashier. Grant & Ward announce their closing on account of the failure of the Marine bank. A visit to the bank discovered some fifty disconsolate depositors standing in a pouring rain around the closed doors. No admittance was given to reporters, No notice was posted on the door, The bank opened with usual tune this morning, but before noon closed abruptly without assigning & cause The stock market was very active and there seemed to be some connection between the failure and the condition of affairs at the stock ex change. The depositors, judging from the appearance of those about the building, are & well-to do class. An explanation is promised for the afternoon. It is said on the street that the bank's downfall is due to the real estate transactions of Pre-ident Fish, The Post says: The suspension of the Marine National bank was announced a little after 11 this morning. The immediate cause of the failure was the bank's inability to meet its debts, about $500,000, at the clearing house this morning, out the causes lying behind this are pres sumed to be feal estate operations of President James D. Fish during the last year or two. Within that time he bought Booth's thealre, and the Casino, and has also recently been building large apartment build ings, the "Mystic," on West Thirtyninth street. The reconstruction of Booth's theatre and the building of the "Mystic," have taken a great deal of ready money, which he is presumed to have borrowed from the bank. Fish is the second vicepresident of the St. Louis and San Francisco railroad, and the Marine bank is the registrator office of that stock. It is not presumed that this connection had any thing to do with the bank's embarras ment, though it is understood some connection with either the Ontario and Western, or West Shore manipulations may t have had some influence, though probably only secondary to the real estate operations of the president. t A few minu'es after 10 o'clock a gentleman made a deposit at the ( Marine National bank; as he went out he was followed to the door by b the bank porter, who began rolling down the iron shutters; the Jepose itor ran back to the receiving teller, who had shut his window and gone out on business for an indefinite period. The paying teller was still more conspicuous by his absence, and the depositor had the consolaS tion of standing on the steps of the bank the next hour and telling his I experience to the crowd of excited depositors who gathered at the cors ner of Wall street and Pearl within an incredibly short time. Unless t I the failure was the result of worse than too heavy real estate speculations, the failure will nqt prove disastrous. One depositor says Wall street generally objected to the Marine Bank because of its family t character. James D: Fish is presif dent, John D. Fish, a nephew, cash n ier, and half a dozen other relati ves r of the president are in positions of fi trust. The capital of the bank was p $400,000. New York, 6.-Some C.C.C. &I. stock was bought in under the rule for Grant and Ward, Wall Street.

5. May 8, 1884 The Emporia Weekly News Emporia, KS
Article from The Emporia Weekly News, May 8, 1884

Click image to open full size in new tab

Article Text

Bad Bank Failure, A New YORK, May 6.-The Marine Na. tional bank, J. D. Fish, president, has closed. A year ago the bank purchased Booth's theatre. The clearing house is considering the suspension. The failure is & bad one. A visit to the bank discovered some fifty disconsolate depositors standing in the pouring rain around the closed doors. No admittance was given to reporters and no notice was posted on the door. The bank opened at the usual time this morning but before noon closed abruptly without assigning any cause. The stock market was very active and there seemed to be some connection between the failure and the condition of affairs on the stock exchange. The depositors, judging from the appearance of those about the building, are a well-to-do class. An explanation is promised this afternoon. An Associated Press reporter visited the clearing house for the purpose of endeayoring to obtain information from Manager Camp. That official would only ssy that the clearing house committee was in session. Nothing will be given to the public until they conclude their examination of the accounts of the bank. It is said on the street that the bank's downfall was due to the real estate transactions of President Fish. Some time ago he bought Booth's theatre and was converting it into stores. He is also interested in spartment houses. An official of the bank was asked whether Fiske's operations had caused the suspension, and whether their bank was doing business with the brokers and 80 lost money. He refused to answer. It is believed the failure is due to & little of both.

6. May 8, 1884 Fort Worth Daily Gazette Fort Worth, TX
Article from Fort Worth Daily Gazette, May 8, 1884

Click image to open full size in new tab

Article Text

'MHOA MEN Failure of the Marine National -A Financial Flutter. NEW YORK, May 6.-The National bank has closed. J.D. was The president of the bank a year bank purchased Booth's the The clearing-house is considering suspension, and it is thought he Silure is a bad one. The state 811 '000'001$ SEM queq Sept. 22 last, showed a surplus of D. 000; Fish is undivided cashier. profits $62,345. A visit to the bank discovered lisconsolate depositors standing pouring rain around the closed 04 Riven SUM °N and bank no notice posted on the door. was open at the usual time morning, but before noon closed The ruptly, without assigning any there stock market is very active, seemed to be some conne between the failure and the cond of affairs at the stock exchange. ance depositors, judging from the of of those about the building tion the well-to-do class. An is promised this afternoon. An Associated Press the but tain that official information clearing-house, from Manager reporter endeavoring would only say committee the clearing bouse would be until the ination of the accounts of the is said on the streets that the downfall is due to the real transactions of President Some time ago he Booth's theatre, and is now it into stores. He is also interest other houses. An official of the was asked whether Fish's had caused the suspension whether the bank was doing with brokers and 80 lost money, refused to answer, though he the failure was due to a little of NEW YORK, May 6.-Grant Ward announce their closing count bank. of the failure of the CAUSES OF THE SUSPENSION NEW YORK, May 6.-The Pos the suspension of the Marine bank was announced a little o'clock this morning. The cause of the failure was the inability to meet its debt, about 000, at the clearing house this but the cause lying behind presumed to be the real operations of President James D. during the last year or two, and that time he has bought theater and the Casino, and recently been building a large ment building, "The Mystic," ty-ninth street. The reconstru of the Booth's "Mystie" theater and the build

7. May 9, 1884 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, May 9, 1884

Click image to open full size in new tab

Article Text

NEW YORK FAILURES. Grant and Ward Make an AssignmentAn Investigation into the Accounts of the Marine Bank Begun. NEW YORK, May 8.-The excitement occasioned by the failure of the Marine National Bank and of Grant & Ward was shown to have greatly moderated on Wall street this morning. Grant & Ward's promised statement was anticipated with interest, but other phases of trouble caused no extraordinary concern. The rumors of yesterday that other banks tnan the Marine would materially suffer by the disaster were impractically denied by Manager Camp of the clearing house who said that there was no foundation for them to stand on. At Grant & Ward's office it was said that their statement is being prepared, but when it should be made public could not be learned. It is thought that it will appear sometime to-dav. A committee consisting of J. W. Elwell, Henry Barron and Ambrose Snow, was appointed by the directors of the Maribe bank to assist in the investigation into the institution's accounts and have begun their labors. The opinion grows more general that President Fish acted prematurely in closing the doors of the bank. Business men seem to think that he should have made an effort to secure means to tide over the difficulty. There were comparatively few inquiries at the bank this morning, as it is believed by depositors that they will eventually be paid in full, and all appear willing to awit the result of the examination now in progress. Fred R. Grant and Jesse R. Grant have made assignments to Jas. McNawee. The f-ruier gave preferences of $240,000 and the laster of $95,000. WASHINGTON, May 9.-Mr. Langworth, acting comptroller of the currency, to-day re reived another letter from Mr. Scriba, examiner in charge of the Marine National Bank of New York, saying that strong efforts are being made to resuscitate the bank, the result of which however will not be known until the affairs of the bank are thoroughly investigated. He says that owing to frequent interruptions and other causes the examination will take more time than was at first anticipated. The Marine Bank directors have been in session but have just adjourned. No statement is likely to be made to-day. Director Sierck says that no receiver will be appointed and the chances for resumption are good. Fish has not been asked to resign, but in case of re-organization there will be a new president and cashier. Checks deposited Tuesday will be paid unless there is an off settling indebteduess. In the suit brought by the New York. Chicago and St. Louis Railway Company against Ulysses S. Grant, Jr., Ferdinand Ward, Ulysses S. Grant, James D. Fish, Wm. C. Smith, Julian T. Davis end John H. Norris in the Supreme Court Judge Donahue this afternoon gianted an order requiring the defendants to show cause on the 12th inst., why a receiver snould not be appointed, and also why an injunction should not be issued and in the meantime defendants and their agents are restrained from interfering with the partnership assets of the firm of Grant & Ward. A Flurry on Wall Street, NEW YORK, May 9.-Soon after 12 o'clock Commissioner Fink received a communication from officials of the Baltimore and Ohio Railroad Company asking for a restoration of grain rates from St. Louis to a basts of 15 cents from Chicago to New York. The restoration, it is said, has made and will, it is claimed, set at rest all fears entertained concerning the intention of Mr. Fink to resign the commissionership. Upon announcement of the action of the Baltimore and Ohio the temper of speculation at the Stock Exchange underwent a radical change and these has since been a sharp advance in prices in the entire list. Shorts were greatly alarmed and there were heavy purchases by brokers supposed to represent Gould and V nderbilt. The dealings were attended with great excitemeat. New Jersey Central advanced from 71 1-2 to 75 1-2, Lackawanna from 1121-2 to 115 1-2, Pacific Mail from 78 7-8 to 80 1-2, Northwest from 109 1-8 to 110 5-8, St. Paul from 79 3-4 to 81 3-4, Lake Shore from 93 1-2 to 9a 7-8. Michigan Central from 77 to 78 1-2, New York Central from 111 1-2 to 113, Erie from 15 5-8 to 16 7-8 and the Northern Pacific preferred from 51 1-8 to 52 5-8. Judge Donabue has just granted an injunction to restrain all persons from interfering with the assets of Grant & Ward, pending a hearing of motion for a receiver. The World says that to-day's assignment of the membors of the firm of Grant & Ward indicate that the fortunes of every member of the family of Gen. Grant have been swept away. It is understood that when the General shall have had his affairs disentangled from those of the firm substantial assistance will be tendered him. LONG ISLAND CITY, May 8.-Mayor Petry stated this morning that President Fish of the Marine National Bank had given him renewed assurance that depositors would not lose a dollar. Mayor Petry also says that even should the city lose all the money deposited with the the Marine Bank only temporary embarrassment would be experienced,several capitalists having notified him that in case of need the city could have from them sufficient funds to keep it above water until next year's taxes were paid.

8. May 9, 1884 The Dallas Daily Herald Dallas, TX
Article from The Dallas Daily Herald, May 9, 1884

Click image to open full size in new tab

Article Text

the Camp, for grounds this YORK May 8 & War made assignment to J. Davis. NEW YORK, May -Fred R Grant and Jesse R Grant made assignmental to James McName. The former gave preference of 000: the latter NEW YORK May excitement by the failure of the Marine National benk and Grant Ward. has greatly moderated Grant & Ward's statement is anticipated interest. The committee to investithe Marine bank accounts has begun labors. The opinion grows that President Fish acted prematurely There were a few bank this morning, deposi tora they would be paid in ful LONG ISLAND CITY, May Mayor Pety assured by president Fish of that city that he will not lose a dollar by the closing of the Marine bank the suit brought by the New York Chicago St. Louis Railway company FerS Grant, against Ulysea D James Grant, S Ward, dipand Fish. William C. Smith Julian T. Davies John H. the supreme court Judge afternoon granted an order requiring the defendant o show cause on the 12th inst. why coiver should not be appointed, and also why an injunction should not be issused and in the meantime and until further order of court. defendants and their agents are from terfering with the partnersh assets of the firm of Grant Ward, from the same or appropriate ing the same to payment of any debts of the leave without firm the of and The order court injunction were granted upon complaint Vando of H. affidavit and dent of the New York, Chicago Lonis Railroad company In his that about B&VS Vanderbilt April 12th, 1884, the railroad company made promissory note bearing date that day whereby, for value received it ,promised to pay Grant & Ward $500,00 will become due January lat, 1885. On the 20th of April the railroad made another promissory note, payable the same firm. for $200 000 note 1885 becomes payable January As collateral security for the pay of these notes. plaintiff deposited with Grant $140,000 in negotiable bonds of the railroad company for $1,000 each payment of which was secured second mortgage upon its railroad. Vanderbill alleges on the information and belief that Grant and Ward upon the ceipt of these notes and securities united these bonds indiscriminateto ly with securities belonging other parties for the purpose of borrowing money. and plaintiff's propertv has become distributed among a great numbe of persons and corporations who have or claim of some lien thereon as lenders & money on security to Grant Ward. By this mingling up the securities become liable to be sold for debts for which they were not the pledged firm by originally and their indentity is likely to be lost. The defendants in the suit, J. L. Davies and John H. Morris are the signees. Plaintiff's company desires to redeem its property from unlawini liens and claims. In the pending suit plaintiff asks for the appointment of receiver for the firm of Grant Ward. to take charge of its property NEW YORK, May 8.-The Marine bank directors have adjourned. No statement likely to be made o-day. Director Lierck says no receiver will be appointed and the chances of resumption good. President Fish has not been naked to resign. but in case of reorganization there will be a new president and cashier Checks deposited Tuesday will be paid unless there 18 offsetting indebtedness. A Sable Scandal. BALTIMORE, MD. May An appeal from the Rev. A. R. Carson, of the Northeast Texas conference, was brought before the African Methodist Episcopal General con. ference to-day to have righted certain wrongs, which he claimed were inflicted upon him by the annual conference of his district at Waco, Texas, in 1882. The charges are insubordination, immorality and intemperance. The appeal was made on the grounds that here were only verbal charges, were no specifications to the time or place of the offense and that he was not brought face to face with his accusers; that Bishop R H. Cain, presiding over the district conference, was the accuser of Car son and influenced the finding of the verdiet of guilty and suspension of one year against Carson; that eighteen voted for conviction and twelve for acquittal and of those who voted conviction, ten were not members of the conference that there was a refusal to take the vote by veas and nays, and the vote was unduly influenced by Bishop Cain, who violently demanded that every one vote against Carson, because Carson wasnot present when the case was called for trial. and the Texas conference had sent in no record of the proceedings, the verdict of the northeast Texas conference was revised and Carson reinstated in all his privileges. The Ocean Horror. TORONTO, May 8.-Bennett stated tha t e fore the boat was lowered some one cut the falls too soon and the boat emptied all the passengers into the sea. He, with five others, climbed on the keeliano sat there all night. Under the boat were a number of former companions, all of whom were found dead next morning. The emal number of passengers saved he attributed to the rapidity with which the Fiorida and to down the went fact that the captain, who apparently did of not realize the position irs, made no ende to get them into the bost Though the surviving officere very reticent the responsibility to he accident the seems to be the steamship blame. The men on the keel of boat picked off next morning former companions in other up boats. boats. The which kept Saturday morning but not hail the were picked next up bound Theresa, by Two the Quebec Quebec. yesterday survivors the such duration that there chance of observation. ANOTHER DISASTER PORTLAND

9. May 9, 1884 Lancaster Daily Intelligencer Lancaster, PA
Article from Lancaster Daily Intelligencer, May 9, 1884

Click image to open full size in new tab

Article Text

THE BIG SMASH OF THE GRANTS Liabilities From six to Tea millions-The Entire Fortunes of the Family Good -Cookling their Legal Acviser. The facts which are gradually leaking regarding the operations and business out athods of the suspended firm of Graut Ward, whose collapse was coincident & with the Marinet national bank ou Tuesday. exhibit the condition of the house in even im worse light than has been generally a agined. Not only are they known to have rehypothecated the securities lodged with but their on loans by railroad companies, have obtained larger advances ou they some of these collaterals than the amounts they had advanced. The best information now puts their liabilities at not far from $10, of gross 000.000 No estimate can be made assets exclusive of the loans they retheir made on the securities they have pledged s tatement is yet obtainable respect the condition of the Maribe back. and the ing prospect of the final payment to de positors will be a mere matter of guess his work until the bank exaniner finishes report. An epormous amount of unsecured lis bilities of the firm exists, comprising notes and simple receipts for money received for Confidence speculati in the house. however, caus lie many persons to let their money unclaimed ed for a long time It is stated good authority that there are outstand nearly $2 000 of these unsecured ing firm held between obligation that the abilities am unt will in this about 85,000,000. The Assignments The deeds of assignment furnish the defl. rather the most nite admissions made by Grant Ward Fish as to the nature of their of the financial firm relations transactions with the back and of the if the bank with the members of the firm. ident Fish. in his assignment directs the and satisfaction in full of under any obligation payment and ability which be is trust fund estate, individually as trustee, any to the Marine National bank and as indorse or guarantor upon any notes or obligations of the firm Grant & Ward which were counted for or at his req and 11 on which he received the I whomsoever the obligations ceeds held, other by that the Marine National bank. num The firm of Grant it Ward prefer a of creditors, but do not state for amounts. Preference is given to t full by reason of their holding the guarantee of the performance of contracts or the firm's promissory notes. have Creditors are next preferred who made loans to the firm or deposited money securities with the firm and who are or secured by collaterals. The of her not creditors will div le whatever may be !eft after paying the references. The provis ions regarding the preferences confirm what has already been said in reference practice of the firm in obtaining the upon representations that it was money interested in large government, railroad other contracts. Methods From persons cognizant of the affairs three of concern it is learned that about the the firm of Grant & Ward, in which years age General Grant and Mr. Fish were then special partners, became embarrassed The two general partners U. S Grant jr., Ferdinand Ward, had been in business and together only about a year and had used olved the $200,000 special capital provided by General Grant and Mr. Fish well as the capital furnished by them. selves. In order to keep the firm upon the its feet the special partners ind orsed in firm's notes and other wise ded them procuring The assumption $300,000 appeared to be that the could get the supposed contract firm to because of the relations of its senior terred partner with the federal government of and with politicians. What the nature or the contracts were, if there were any, in what way the firm was interested can be learned. or late it is said the firm has not given only receipts for the moneys received in connection with the contract scheme. To what extent they bave issued receipts and their notes for a similar pur cannot be accurately stated. Persons pose position to know say that the amount 10 a cannot short of $5,000,000. It is known that one capitalist has invested nearly $1,000,000 and another $750,000 in this plausible enterprise. It was possibly to give plausibility to their operations and to advance their financial reputation the firm recently began to advance large sums of money to railroad and other corporations generally presumed that it was owing It is the ease with which the young men to raised this sum that either the firm as a whole, or Ward acting in their name, not entered upon the practices that have only ruined them but impaired the fortunes of many others. The way Money was Got. a For two years or more the active mem bers of the firm, that is, all the members in except General Grant, and persons various occupations and professions whom they have employed, have laid before capi y talists and investors a scheme for making In quick, sure and handsome profits. some cases it was represented that the firm was interested in extensive govern ment contracts, in others that it was on the inside in some railroad enterprise and in others it was simply stated that the enterprise was one the exact nature of which could not be divulged, but in no in stance yet beard of was the precise chare acter of the undertaking stated to the , person approached. The firm desired money to carry on or fulfill the contracts enterprises in question, and moreover wished their friends to share in the profits. As security for the amounts advanced y upon these schemes the firm gave either Gen. its notes, some of them indorsed by Grant, some by Mr. Fish,or, in very many instances, simply the firm's receipt. Enormous Interests Paid. I Upon these advances the firm agreed to and did pay interest, or what purpor- rate pay ted to be a share of the profits, at the of from two to five per cent. for the use of the money thirty days. The higher rate was, according to all accounts. most

10. May 10, 1884 The Carbon Advocate Lehighton, PA
Article from The Carbon Advocate, May 10, 1884

Click image to open full size in new tab

Article Text

THE failure of the Marine National Bank of New York on Tuesday, in consequence of the suspension of Grant & Ward, bas caused considerable of a panic in financial circles. The cause of the failcre can no doubt be traced to too much speculation in uncertain assets. Commenting on the suspension. the Philadelphia TIMES says: "The public will be sorry to learn of the financial misfortunes of General Grant. He appears to have been a silent partner in the concern, with little to do with its management, and if any large portion of bis fortune is swallowed by the failure he will receive the general sympathy of the country.

11. May 12, 1884 Savannah Morning News Savannah, GA
Article from Savannah Morning News, May 12, 1884

Click image to open full size in new tab

Article Text

About 86 per cent. were those of small traders whose capital was less than $5,000. In the principal trades they were as follows: Grocers 18, general stores 14, manufacturers 9, dry goods 8, clothing 7, liquors 7, hardware and agricultural implements 6, shoes 5, fancy goods 5, produce and "provisions 5. carpenters, builders, etc., 4, drugs 4, jewelry 4, markets 4, tobacco and cigars 4, grain and "flour 3, hotels and restaurants 3, harness 3, banks 2. The important failures of the week were in New York city-the Marine National Bank, Grant & Ward, bankers and brokers, and Henry I. Hart & Co., upholstery goods. ALABAMA. Birmingham.-Averett & Griffin, clothing, assigned. Liabilities about $4,500; nominal assets $5,000. V. Eatherly, grocer, assigned. Liabilities $4,000; assets $2,000. Skipperville.-C. A. Lofton, dry goods, closed by Sheriff. GEORGIA. Atlanta.-Daniel Wolf, furniture, failed. Liabilities $8,200; preferred claims $6,000; assets $9,500. Gainesville.-J. R. Gaston, general store and liquors, reported left town.

12. May 13, 1884 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, May 13, 1884

Click image to open full size in new tab

Article Text

The Insolvent Marine Bank. [By telegraph to the Dispatch.] WASHINGTON, May 12.-The Comptroller of the Treasury to-day received a letter from Mr. Scriba, examiner in charge of the Marine National Bank of New York, saying that the bank is insolvent, and will have to be placed in the hands of a receiver. The Comptroller says that a receiver will be appointed as soon as he receives the report of the examiner, which will probably be to-morrow. It was expected to-day, but did not come. The letter received to-day says the bank is insolvent, but gives no figures or details.

13. May 14, 1884 The Bozeman Weekly Chronicle Bozeman, MT
Article from The Bozeman Weekly Chronicle, May 14, 1884

Click image to open full size in new tab

Article Text

is May learned suslately bank, that to-day three New York, a half million SAN the Marine asked about from but the city, weeks pended in bank loan of of this managers in oil boom May PITISBURG to this owing went pieces of and York bank New failure The field news market the and and " selling excited to panicky1.028, declined heavy. Opened 90c. The chief May Conn., at the event meeting of in last Oak week Park August Charter for 2:20 be will guarantee May of closed $10,000. made have Thirteen a name horse then deposit all for these each parties the fee the up put $1,000. All be will purse $13,000. increased 1 of not May with horses it is reand better eligible, his each horseon quired or before a May Bolte. in the boy, tothe devot near lake, with The night. at the her called. station at to her that the notify o'clock there boy missing informed told had When that been drowned. inby one officers, she way grief, stead turned giving in on the and most her abusive to him manner neglectime the and boy, look waxing warmer in she her and fiercer the hus finally pitched if the with her fists, band officers have not she had given him NaMay NEW YORK, D. bank tional closed. Marine Fish is of ago the the year bank. The bank theatre. Booth's the suspenclearing unsidering is a the bad sion. failure to the bank discovered fifty some standdepositors disconsolate ing rain the closed around pouring to rewas given doors. in the posted notice porters; at the usual door. bank opened clos but noon this before morning, any causewithout assigning abruptly and very active to be be some enection there of the the and tween failure on the stock affairs Deposiexchange. of the tors. from judging the those about this class. planation promised afternoon. NEW dispatch Referring B. to Geo. that the Paul from effect of the receiver comPark by court, pany did not believe New that the would Jersey the said hold. Rufus Hatch to-day of the laws under formed of the the New and Jersey, proceedings of in took place receiver appoint in court States United district that state, SO he not did the taken action believe that not He does consider improper. is in an to a Mr. Hulme position express of to the the opinion indebtedness conhave Mr. friends Hulme's company. to all the told, $6,000 treasury tributed, it of very and the much looks if was as that that trying does Hatch gobble everything. will the not have think of the much propchance erty ST. who Fraley, notiweek million, failed he was that fied creditors Chicago by his all settle accounts the on one cents doller, paying hundred to and them statements, to off as he clear wants indebtedness to settle Mr. offered Fraley's creditors he 1-3 but him at with cents, declined has and the them, notified propos New in but Philnot York, only Chicago, he will that and other places, adelphia, and for them pay dollar dollar requests His for due. on to him draw amounts is aggregate in ndebtedness is of due which $180,000 with paid prior This, Chicago margins total to the Fraley's in over payaction $600,000. in the ing dollar dollar to of of the face creditors is at less much highly settie of by classes dealers. commended ST. May dated PAUL, dispatch, this Blue incoived Mounc, at Pacific offices, morning the Wabash 100 road, Mr. C.S. agent St. Louis. of the Norwas and was board No were thern Fee. Pacific, seriously reparticular given. telegram at St. Louis Mrs. quested her that once, from was it his had been purpose known to be held attend it the Waand hence there, The the was from bash train eastward. were of the Pacific officials Northern for after news, waiting further anxiously the facts, obtain making in red any they ac of the the its isition eident, at o'clock that it thismorning. d May SAN divorce startling In and the Sharon unex Mrs made. were develop pected testi who had Wilson Hill the Miss plaintiff, that contrac marriage recogniz Martha behalf of the stand fied in she had when seen on the

14. May 15, 1884 The Anderson Intelligencer Anderson, SC
Article from The Anderson Intelligencer, May 15, 1884

Click image to open full size in new tab

Article Text

THE FAILURE OF THE GRANTS. I The firm of Grant & Ward, of which Gen. Grant and his sons were members, has failed in connection with the Marine Bank, and the promineace of the members of the firm has caused much comment both in political and financial circles. The dealings of the house are being severely criticised, judging from the articles which have found their way into the papers, The New York Tribune says of this failure: "Facts which are gradually leaking out regarding the operations and business methods of the suspended firm of Grant & Ward, whose collapse was coincident with that of the Marine National Bank on Tuesday, exhibit the condition of the house in even a worse light than has been generally imagined. Not only are they known to have rehypothecated securities lodged with them on loans by several railroad companies, but they . have obtained larger advances on some of these collaterals than the amount they.

15. May 15, 1884 The Dallas Daily Herald Dallas, TX
Article from The Dallas Daily Herald, May 15, 1884

Click image to open full size in new tab

Article Text

Concerning the Marine National. WASHINGTON. May 14.-Comptrolier Conner now says that nothing more will be given out by him concerning the affairs of the Marine National bank of New York. All information hereafter must come from the receiver. He has not received the bank examiner Scriba's report and does not expect any. At any rate ha has nothing more to say about the bank, and it will be useless to expect from him a statement of the condition of the defunct institution. The secretary of the treasury announces that the department is prepared to redeem bonds embraced in the one hundred and twenty-seventh call prior to date of maturity, June 20th. 1884, with interest to date, on presentation.

16. May 16, 1884 The Times Owosso, MI
Article from The Times, May 16, 1884

Click image to open full size in new tab

Article Text

ground that Chicago speculative operations in the past years had made wheatfields in India, causing us to export gold and accumulate debts. Grant & Ward, stock brokers in New York, suspended payment Tuesday, on account of the failure of the Marine National bank. The partners are Gen. U. S. Grant, James D. Fish, U. S. Grant, Jr., and Ferdinand Ward. Gen. Grant states that the firm is nearly $500,000 short, but no accurate figures can be given, as Mr. Ward has disappeared and the safes are locked. It appears that the $22,000,000 of firstmortgage bonds which the Fort Wayne road proposes to issue are to run one thousand years, to be guaranteed by the Pennsylvania road, and to be exchanged for the original stock certificates, giving the Pennsylvania road the actual ownership of the property. The annual meeting of the Fort Wayne company has been postponed to May 21. The forest fire at Elkton, Md., is still consuming valuable timber. Nearly five thousand acres have been devastated at Matawan, N. J., from the careless burning of brush by a farmer. Rains extinguished the flames on the mountains along the Lehigh Valley road, in Pennsylvania, and in Orange and the adjacent counties in New York. The losses in the latter region are estimated at $2,000,000. In the Methodist general conference at Philadelphia, the address of the bishops asked for more stringent regulations with regard to the marriage of divorced persons. Rev. Dr. Hatfield gave some life to the gathering by a characteristic outburst against wirepulling in the election of bishops, and positively refused to be silent until he had declared that a delegate could not get out of a car before being buttonholed by a candidate. The Chicago Times says: Careful inquiry as to the preferences or instructions of the delegates chosen to the republican convention shows 329 votes for Blaine, 295 for Arthur, 73 for Edmunds, 51 for Logan, 23 for Sherman, 12 for Hawley, and 37 doubtful. The Tribune estimate is Blaine 363, Arthur 273, Edmunds 71, Logan 56, Sherman 26, Hawley 12, scattering 15. The Inter Ocean claims for Arthur 420-or nine more than necessary for a nomination -Blaine 253, Edmunds 75, Logan 40, Sherman 22. The iron steamer State of Florida, en route from New York to Glasgow, was wrecked about April 23. She had thirty-five cabin passengers, among whom were Thomas Taylor, wife, and four children, of Chicago. A sailing vessel picked up the shipwrecked crew, and the steamer Devon found two of the Florida's lifeboats. London dispatches represent that there were dynamiters on board with plenty of the explosive, but advices from Toronto show that a fur thief named Bryson was the man for whom the Glasgow detectives were watching.

17. May 22, 1884 New-York Tribune New York, NY
Article from New-York Tribune, May 22, 1884

Click image to open full size in new tab

Article Text

FAILURE OF J. L. BROWNELL & CO. THE CAUSE A THEFT OF SECURITIES BY A CUSTOMER-OTHER SUSPENDED FIRMS. The failure of J. L. Brownell & Co., No. 58 Broadway, which was announced at the Stock Exchange yesterday morning, was not important, be cause the firm has done only a small business recently. According to the statement of the head of the firm, the failure was caused by the theft of securities by George H. Stover, a customer, who had promised to secure a loan on them. Mr. Stover was arrested yesterday on a warrant granted by Judge Donohue, and was put under $25,000 bonds. Mr. Brownell's sureties on the indemnity bond of $5,000 were S. Y. White and H. B. Claflin. The firm of J. L. Brownell & Co. consists of Mr. Brownell and H. H. Walker. On February I William Butler Duncan withdrew his special capital and the remaining partners continued the business. Mr Brownell said of the failure: Mr. Stover had been a customer of ours for about year and a half. We were carrying for him some International and Great Northern, Texas Pacitle income and other railroad bonds, and in the last week he had urged us not to sacrifice his property. because he could borrow money on the bonds for us. On Monday he told me that be had arranged a loan of $20,000, with exMayor Wickham, and he took the bonds from the office with a promise to bring back the check in a few minutes. He returned in about an hour, and said that there was some difficulty with the loan. Afterward I demanded the securities from him, but couldnut regata possession(of them. The suspension of the firm followed to-day. - Onr total liabilities, if Mr. Stover should return the bonds, would not exceed $25,000 or $30,000. If we had sold the bonds at the price which he had fixed on them we should probably owe him about $12,000. To pay for those which we were carrying for him, he owes us about $32,000. But in addition to them he carried away $10,000 Mobile and Ohio second debentures, belonging to another customer. I call the transaction downright robbery. Mr. Brownell was formerly a school teacher in Brooklyn. He engaged in the brokerage business in Wall Street in 1863. He failed in the panic of 1873, and for two or three years was not an active member of the Stock Exchange. He was largely interested at that time in real estate at Tarrytown and Nyack. Since he recovered from his former failure he bas done a small and conservative business. There was no change in the situation of most of the suspended Stock Exchange firms yesterday. Donnell. Lawson & Sumpson are preparing circulars to be issued to creditors offering a settlement, based on notes of the firm at 6 per cent interest to run twelve and twenty-four months. If the firm can redeem its notes earlier it will do so. Assent to the proposition is not to be binding unless given by nine-tenths of the creditors. At the office of A. W. Dimock & Co. it was stated that the suit of Alfred Sully, contesting the validity of the firm's assignmeut to Charles Putnam Smith, was simply a law matter which would have to be settled in the courts. With regard to Mr. Sully's securities alleged to have been rehypothecated, the firm claimed to have had authority from Mr. Sully to use them for his benefit as its judgment dictated. This was done, and Mr. Suily had no claim beyond that of any other creditor. The Marine National Bank opened its doors yesterday to receive the pass books of depositors for the purpose of comparing them with the books in the making of the statement of the bank's condition.

18. May 22, 1884 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, May 22, 1884

Click image to open full size in new tab

Article Text

Financial Matters in New York. NEW YORK, May 22.-J. L. Brownell & Co. have failed. No statement of their assets and liabilities is forthcoming, but the collapse is not thought to be of a serious nature, nor likely to have any effect. NEW YORK, May 22.-It is stated at the office of Brownell & Co., that one of their customers fraudulently carried away a block of securities. The liabilities, they say, will be light. NEW YORK, May 22.-There was no improvement on the stock exchange and there is a growing feeling of uneasiness. The sharp decline of Wednesday seems to have blighted the hopes of an immediate boom. The opening was weak and feverish, with more sellers than buyers. Rumors were circulated of further trouble in some broker firm, which accelerated the pressure to sell. A good many commission houses refusing orders to buy or sell, open margins. Vanderbilt brokers say they have heard from him, but all they will state is that he is hot selling stocks; it is apparent on the board that he is not buying. The market was better during the last half hour. There were no additional failures up to the close. and brokers express a feeling of relief. There is an opinion yet that the worst is not over. The market was feverish and active all day. It was expected that supporting orders would appear from Vanderbilt, and the failure to get them caused the weakness. The bears raided Missouri Pacific down 31/4 per cent., St. Paul and Northern Pacific preferred 28/4 Lake Shore 2, coal stocks, 21/@5 per cent. on a report that Lackawanna will pay employes in scrip instead of cash. Union Pacific was the weakest feature at the close. Money was quoted easy at 3@5 per cent. per annum. Oil broke 6 cents on the news of the Pittsburg bank failure. Simpson, of Donnell, Lawson & Simpson, stated to an Associated Press reporter that they could pay one-half of their indebtedness in twelve months, and the remainder in two years, if their terms were accepted by ninetenths of both amounts and members. President Rogers, of the Louisville & Nashville company, says the bond interest for June 1 is fully provided for. It amounts to $750,000, and will be paid as usual. The July interest is but $350,000, which will be provided for out of the net earnings. 9 Ex-President Baldwin, of the Louisville & Nashville road, says that the allegations that be obtained loans and hypothecated the securities of the Louisville & Nashville road, are untrue; it is also untrue that he used 1 the Henderson bridge bonds to procure bonds for his own use. He did endeavor 7 to uphold the credit of the company by sustaining the price of the stock, but the directors did not agree with him, and he made good the difference of $206,000. The floating debt of the company is more than covered by the present values of the securities held by the road. This is the whole story. The directors of the road corroborate Mr. S Baldwin's statement. a The Marine National bank has opened for e the purpose of balancing its accounts, but is is not paying out money. e Russell Sage has accepted all notices of "puts" presented, and those who denounced if Sage as "an old fraud" are now loudest in e declaring him a "bully old fellow." At the offices of all the suspended firms it was said I that the situation was practically unchanged. Receiver Davies, of the failed firm of Grant & Ward, has made an application for re permission to redeem ypothecated securities out of the general funds coming into his hands. The matter was postponed for a a later day. Judge Donahue granted an in a junction restraining William S. Warner from transferring, disposing or impairing re the value of property transferred to him by I Ferdinand Ward. st

19. May 29, 1884 The Iowa Plain Dealer Cresco, New Oregon, IA
Article from The Iowa Plain Dealer, May 29, 1884

Click image to open full size in new tab

Article Text

Washington Correspondence. WASHINGTON, D. C., May 24, 1884. EDITOR PLAIN DEALER: One of the stalwart sheets of the republican party-the Chicago Inter Ocean-prints the following in its issue of May 10th: CALAMITY WELLER'S MISCHIEF. "There has been a bill before the house for some time to appropriate a fund ($10,000) for their entertain ment (meaning the Siamese embassy), but under the rules one objection is sufficient to prevent its consideration, and "Calamity" Weller, of Iowa, has taken it. upon himself to make that objection. "No appeals, no inducements, will persuade him to let the bill go through." Good for Weller! Then again: "He is called Calamity Weller, because in his speeches he invariably predicts that a great calamity will overtake the country if his theories of government are not followed." The same day the news flashed over the wires that Senator Sabin, of Minnesota the present chairman of the national republican committee had failed with liabilities amounting to $1,750,000. This failure of the head of the republican party, had been preceded by the breaking of one of their pet institution-the Marine National Bank of N. Y. City-and the failure of the "would like to be president for lifeU.S. Grant"-who lost nearly a million dollars in speculating with other peoples money. Immediately after these failures had occurred, the cry went up from the dens of Wall street-"Stop the panic! Prevent contraction of the currency! Pass the McPherson and the Dingley bill! Help the banks!" Both in the senate and the house, the agents of that monster known as the National Banking System, argued that to prevent a contraction of the currency, and a general panic, congress must allow the national banks to inflate their credit. The same arguments that have been made by currency reformers during the past ten years, are now taken up by the advocates of the banks on the floor of congress, namely: "A contraction of the volume of money will lower prices and produce a panic. A proper inflation of the currency, in proportion to the increase of population and business, will prevent a fall in prices and consequently prevent a panic." The difference between currency reformers and national bank advocates, has come down to this: "The former demand that the general government shall use its constitutional power to issue all moneyand make the same a legal tender for all debts, public and privateand regulate the volume of money for the general welfare of the whole people." The latter demand: "That the government shall have power to make gold and silver-some say only gold-legal tender for the payment of debts, and allow the national banks to issue all the paper currency of the county-and say how much or how little the people of the United States shall have to transact the business of the country." All political parties now agree "that a contraction of the volume of money always produces a panie." Congressman Weller, and all who know anything of financial economy, said so years ago. "There will be a panic if no provision is made to prevent a relative contraction of the volume of money," says Dingley, of Maine, in the house, and McPherson, of New Jersey, in the senate. "That's true," says Congressman Weller, and every other currency reformer. "Allow the national banks $40,000,000 more on their bords; increase their credit-so they may aid? the paralyzed business interests of the country????" says the advocate of the national banks. "Pay the bonded debt, issue treasury notes in place of bank notes, save the interest on the bonds, issue sufficient money (treasury notes) to supply the demands of the country, make every kind of money equal before the law, a legal tender for all debts, public and private, issued directly by the government, as provided by the constitution of the U. S.!" says Congressman Weller, and every other auti-monopolist, and lover of liberty, in, and outside of

20. June 3, 1884 New-York Tribune New York, NY
Article from New-York Tribune, June 3, 1884

Click image to open full size in new tab

Article Text

WASHINGTON NOTES. WASHINGTON, Monday, June 2, 1884. THE MARINE NATIONAL BANK.-The Controller of the Currency returned to Washington this morning from New York, where he consulted with the receiver of the Marine National Bank and the bank examiner. He regards the situation in New-York as much improved, with every indication that it will continue to improve. APPOINTED RECEIVER.-The Controller of the Currency to-day appointed M. L. Bundy, of New-Castle, Ind., reselver of the Hot Springs National Bank. MEXICAN RECIPROCITY THEATY.-RepresentativeStewprt to-day introduced a bill authorizing the President to Issue a proclamation carrying into effect the Mexican Reciprocity Treaty whenever he is satisfied that the President of Mexico has issued alike proclamation. GRAND ARMY PETITIONS.-In the House, Measrs. Harmer and O' Nelli, of Pennsylvania, presented petitions of members of the Grand Army of the Republic, for the establishment and maintenance of a place of burial for the remains of the heroes of the late war. BILVER COINAGE.-In the House a bill was Introduced by Mr. Hutchins, of New-York, amending the act authorking the coinage of the standard silver dollar. It prorides that whenever the silver dollar in the Treasury

21. July 4, 1884 Daily Los Angeles Herald Los Angeles, CA
Article from Daily Los Angeles Herald, July 4, 1884

Click image to open full size in new tab

Article Text

FRELINGHUYSKN TO MORTON. DEPARTMENT OF STATE, WASHINGTON, D. C., June 30th. Levi P. Morton, Minister, Paris to SIR indirected by the President of the I am you as the representative attend to struct United States Government to Fourth of at Paris on the the incident to the of the colossal July, ceremonies presentation bronze statue and to this on of country Enlightening the World, known Liberty of the President to make behalf You will avail yourself its to express of and the the the acceptance. opportunity government people the work thanks of the of of states for the statne as a the United and as a monument of of art friendship of the people You will assure the Union Committee, abiding American France. citizens the Franco- Presi- of of the Council and the dent French Republic, that the American friendly the return most heartily the noble rentiments people which prompted this gift to America. (Signed), FREDERICK T. PRELINGHUYSEN. The Marine National Bank Report WASHINGTON, July 3. -The Comp- report of Currency received the National troller Receiver of the Marine The of the of New York, to-day. time to Comptroller Bank, says he has not had examine the schedules and go in detail, but from the claims amount to through proved report $3,483,017 the to only fact that the assets estimated as good as-essand he has no doubt an share$2,022,586, will be made against the to holders ment of the bank amounting $1,823,188. Cholera Report of Consul Mason. WASHINGTON, July 3. - -The Secretary State to-day received a cable Marseilles, message as of from Consul Mason, at at TouThe situation is worse 13 follows: deaths averaging ten daily; Asiatic yeslon, It is conceded to be cholera. terday. The epidemic is stationary Fri- at There were six deaths and Marseilles. eight Saturday, four Sunday, Wednesday, each Monday, Tuesday and chol five cases apparently Asiatic the remainder cholera at era, There are twelve cases day; sporadic. some thousands infantum have the or special hospital. Many steamer Burleft for the sailed interior. for New The York Sunday, to without gundy passengers. No emigrants the States reported. Contested Election Cases. WASHINGTON, July 3.-In the contest election case of Craig vs. Shelly, on ed the House Committee in Elections, (Alabama,) to-day, decided the report to reof Craig. They also agreed the confavor favor of McGinnis, in Montest port of in Bolton vs. McGinnis. of tana. Adjourned to Saturday. WASHINGTON, D. C., July 3.-It was that when the House adjourns next. moved to-day it be to meet Saturday Agreed to, 120 to 54. Nominations by the President. WASHINGTON, D. C., July 3.-The to the nominations were sent Clarfollowing by the President to-day: Senate Pullen, of New Mexico, Surveyor- G. ence for New Mexico; Roswell Pima General Indian Agent for the of Wheeler, Arizona; Geo. T. Bromley, States Agency, California, Consul of the United at Tien Tsin, China. The Mexican War Pension Bill. WASHINGTON, D. C., July 3.-The the resumed consideration of much Mexican House war pension bill, but so the was manifested against rendered opposition that its progress was measure slow. Townsend said, in response not very to an inquiry, that the House would adjourn till the bill passed. Precautions Against Cholera July 3.-To avoid the of importing the into this country possibility France WASHINGTON, cholera through will be from rethe British government French mails, to thoroughly disinfect all this mails quired passing through England to country. Sterling Exchange and Ronds. NEW YORK, July 3. Sterling bills London, 60 days, $4.84; Sterling U. on on London, sight drafts, $4.86; bills S.44sof 1891, interest quarterly, $1.11A; $1.18}: U.S.4s, 1907, interest quarterly $1.00: U. S. 3s, optional. quarterly, W. U. Tel., .56g. An Effectual stoppage. LAKE, July was interest receivSALT here to-day that the Lovejov and ed taken upone mile of the Denver from had Grande track, just eastward Rio Colorado line, and the connection between the that and the Utah lines is comsevered. It is said that Lovejoy pletely threatened this when here, if the ruling inof the Judge was against him on the

22. July 24, 1884 Phillipsburg Herald Phillipsburg, KS
Article from Phillipsburg Herald, July 24, 1884

Click image to open full size in new tab

Article Text

NEWS SUMMARY. MISCELLANEOUS. A new industry to manufacture shot has been started in Cincinnati. The Anti-Slavery society had its semicentennial celebration in New York. Jos. Brown, a well-known farmer, was killed by a Wabash train at Decatur, III. The banking house of Fletcher & Sharpe, Indianapolis, has closed its doors. David Laupheimer, a wholesale druggist of Baltimore, killed himself with a revolver, Wm. T. Kailey, postmaster at Camden, N. J., was arrested on a charge of embezzlement. B. D. Buford & Co., plow manufacturers of Rock Island, III., assigned. Liabiliites, $200,000. Well-borers at Wabash, Indiana, developed a gas vein which bids fair to illuminate the city. In a railroad accident on the Baltimore & Ohio road at Washington, D. C., several persons were killed. A circular relative to collecting the tax on fruit brandy has been sent collectors by the Treasury department. In an accident on the Brooklyn and Coney Island railroad, a number of passengers were badly bruised. In New York eight veterans of the war of 1812 celebrated Independence Day by having a parade and dinner. The anniversary of the fall of the Bastile, was celebrated by the French-American citizens all over the country. Three thousand teachers were at Madison, Wis., to attend the National Educational Association Convention. A decided change for the better in the army uniforms for enlisted men will be made, according to reports at Washington. By the caving in of an embankment on Clarion river, Pennsylvania, two men were killed and two others seriously injured. Minister Foster discussed with the Spanish ministers the proposed new treaty of commerce between America and Cuba. The State department will issue a report on the condition of labor in all countries, together with wages, cost of living, etc. The Comptroller of the Currency has ordered an assessment of 100 per cent. on the stockholders of the Marine National Bank of New York. The cigar-packers of Cincinnati were ordered out on account of the lockout of cigar-makers, which is now in its nineteenth week. San Jose, Cal., was almost destroyed by fire. Water being exhausted, claret was used to prevent the destruction of the old Mission Church. Newton Carpenter and Ned Macks, Negroes of Stailesville, Miss., were arrested for poisoning two boys in 1882. While on the way to jail they were hanged by a mob. While masked men were hanging Dick May at Owensboro, Ky., Jailer Lucas fired on them, killing one and wounding another. The crowd fired on the jailer and killed him. Gertie Phillips, of Salineville, Ohio, who was missing since June 27th, was found in the woods with a pistol ball hole in her head. A party who was with her that day has been arrested. Receivers of the Wabash announce in New York that Col. A. A. Talmage has severed his connection with the Missouri Pacific and will become general manager of the entire Wabash system. Miss Kate Shelley, of Ogden, Iowa, was presented with the medal of honor awarded by the legislature of that State for her heroism in saving a passenger train from being wrecked on a broken trestle-work. Four farmers from Macedonia appeared in Council Bluffs, recently, with search warrants issued by a Justice of the Peace, and demanded bottles of liquor, enforcing it with drawn revolvers. They were soon arrested for carrying concealed weapons, and were threatened with tar and feathers. Official California crop reports, received at San Francisco, show a loss by the June rains, to wheat of a hundred and thirty. five thousand tons. The loss on wheat is equivalent to seven and a half per cent. The gross yield was estimated in May at eighteen hundred thousand dollars. Barley is about twelve per cent. off the May estimate of SIX hundred thousand tons. The Mayor of New York city has investigated the charges preferred in a morning newspaper against several keepers of intelligence offices, of procuring girls for disreputable houses. The newspaper articles were written and the charges made by Mrs. Eliza Archer Conner, of the Cincinnati Commercial-Gazette. The lady testified to the truth of the statement in the newspaper article. The keepers ot several intelligence offices denied that the charges were true.

23. October 8, 1884 New-York Tribune New York, NY
Article from New-York Tribune, October 8, 1884

Click image to open full size in new tab

Article Text

In addition to this amount there is the $750,000 still owing the city by the suspended Marine National Bank.

24. April 19, 1885 New-York Tribune New York, NY
Article from New-York Tribune, April 19, 1885

Click image to open full size in new tab

Article Text

# JAMES D. FISH TO TESTIFY. Justice Barrett yesterday granted a writ of habeas corpus directing United States Marshal Erhardt to produce James D. Fish as a witness in a case in which Walter S. Johnston, receiver of the Marine National Bank, is defendant. In his petition for the writ Mr. Johnston set forth that he had been sued by Samuel Bingham and Mrs. Caroline F. Moulton, executor and executrix of the will of George S. Moulton, who seek to recover from him as receiver of the bank on a certificate of deposit for $50,952.22; that Mr. Fish, as ex-president of the bank, is an important witness; and that the suit will be tried before Justice Peckham to-morrow. Mr. Fish has been a week in Ludlow Street Jail and still retains the ruddy face and hale appearance with which he entered the place. His spirits seem unimpaired. He was apparently unaffected at the prospect of appearing in the Supreme Court to-morrow. The principal strain on Mr. Fish for the week has been the freezing temperature existing between him and Ferdinand Ward.