14137. National Bank (New Brunswick, NJ)

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: national
Bank ID: 587
Charter Number: 587
Start Date: September 6, 1884
Location: New Brunswick, New Jersey (40.486, -74.452)

Metadata

Model: gpt-5-mini
Short Digest: a8018681

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Full suspension, Books examined

Other: Directors arrested; Comptroller authorized reopening; large embezzlement by cashier and implicated president.

Description

Multiple contemporary articles report a run after the cashier's suicide and discovery of large embezzlement, the bank stopped payment (suspended) around Sept 6–9, 1884, and later was authorized to reopen with directors stating capital unimpaired around Sept 22–23, 1884. Cause is bank-specific (defalcation/embezzlement).

Events (3)

1. September 6, 1884 Run

Cause: Bank Specific Adverse Info
Cause Details: Run triggered by discovery (rumored and later confirmed) of large deficiency due to embezzlement by cashier Charles S. Hill and his suicide.
Measures: Bank paid demands while open; police kept crowds back; directors posted notices reassuring depositors; funds were sought/received from New York to tide over difficulty.
Newspaper Excerpt: There is a big run on the National bank here. The police are keeping back the crush. The bank is paying all demands, but may have to close its doors to-day.
Source: newspapers

2. September 6, 1884 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Payment suspended after heavy withdrawals exhausted surplus following discovery of cashier's defalcations and suicide of cashier (and later president).
Newspaper Excerpt: The bank stopped payment at 12:45. The run has been tremendous all day. All the surplus is exhausted.
Source: newspapers

3. September 23, 1884 Reopening

Newspaper Excerpt: The National Bank of New Jersey will resume business on Wednesday with unimpaired capital. Every depositor will be paid in full. Director Lewis Howell will act as temporary President.
Source: newspapers

Newspaper Articles (22)

1. September 6, 1884 Evening Star Washington, DC

Article from Evening Star, September 6, 1884

Click image to open full size in new tab

Article Text

RUN ON A NEW JERSEY BANK. A Rumored Deficiency of $200,000.Suicide of the Cashier. NEW BRUNSWICK. N. J., September 6.-There is a big run on the National bank here. The police are keeping back the crush. The bank is paying all demands, but may have to close its doors to-day. It is rumored that there is a deficiency of $200,000. No one doubts that the late cashier of the bank, Chas. S. Hill, committed suicide. Gov. Abbett has appointed Dr. C. M. Slack county clerk, the position having been made vacant by Hill's death.

2. September 7, 1884 The Dallas Daily Herald Dallas, TX

Article from The Dallas Daily Herald, September 7, 1884

Click image to open full size in new tab

Article Text

Run on a Bank. NEW BRUNSWICK, N. J., Sept. 6.There is a big run on the National bank. The police are keeping back a crash. The bank is paying all demands. It may close its doors to-day, as the surplus stock has been impaired. No one doubts that Chashier Charles S. Hill committed suicide. Gov. Abbott has appointed Dr. C. M. Black, County Clerk, to the place made vacant by Hill's death.

3. September 7, 1884 New-York Tribune New York, NY

Article from New-York Tribune, September 7, 1884

Click image to open full size in new tab

Article Text

PRICE THREE CENTS. NO DOUBT OF HILL'S SUICIDE. A DEFICIENCY IN THE BANK ACCOUNTS. THE AMOUNT so FAR FOUND SAID TO BE $162,000RUN ON THE BANK. The people of New Brunswick were relnctantly forced to admit vesterday that Charles 8. Hill, cashier of the National Bank of New-Jersey, and one of their most prominent citizens, had committed suicide. They fought against the belief until a notice was posted at the bank signed by the directors, stating that a deficiency had been discovered. Nothing definite could be ascertained as to the amount of the dedeficiency, but from conversations with bank officials it is probable that the amount so far discovered is $162,000 in cash. A number of people who had invested their savings in bonds had left them in the care of Mr. Hill. Securities of the Ira C. Voorhees estate, of which Hill was trustee to the amount of $200,000, were also kept at the bank. Some of the heirs of the estate yesterday made anxious inquiries of Joseph Fisher, a co-trusttee of Hill. and he held a consultation with C. H. Mundy. the executor in the afternoon. They decided to make an examination on Monday to determine whether the securities were safe. Mr. Hill was also the executor of the estate of John N. Taylor, deceased. which is valued at $60,000. THE DEFICIENCY ANNOUNCED. The bank opened its deors at S:30 a. m., the usual time, and depositors began to present their checks The ran began shortly after 10. and the directors posted the following notice on the doors: undersigned find our surand every positor every dollar they have on deposit. The notice was signed by Mahlon Runyon. president. and DirectorsJohnson, Letson. W. C. Stock dard and Lewis T. lowell. There are three other directors. This appeared to give confidence to some and they went away without drawing their money. A large crowd, however, remained and it continued to grow until there were about 100 perwaiting when the bank closed at 3 o'clock. announcement was made that paywould be stopped until 2:15 when money from The people waited patiently and 2:18 Mahlon Martin came with large bundle of bills and payment was resumed. There was little excitement among the waiting depositors, and when Acting Cashier Campbell announced: o'clock and business is over for the day." they quietly dispersed. There were several deposits made by business who expressed the fullest confidence in the bank. The largest was by John N. Carpenter, treasurer o. the Norfolk and N Brunswick Hosiery Company and amounted to $7,500. Mr. Carpeuter satisfied from what [ know that the depositors are all safe. I have seven different accounts the bank, of them trustee, and feet more money in my pocket." Messrs Lockwood and Rockwell. bankers from Newark, went into the bank at 2 releck. One of them said, in reply question, that he was in entire readiness to formish any assistance that might be needed. William H. Frailey assistant treasurer of the Pennsylvania Railroad Company visited the bank shortly before closed to look after the company's deposits, which amounted to several thou. sands of dollars. After a consultation with the directors he returned to Philadelphia. It was said that he expressed himself as perfecely satisfied with the condition of affairs and had decided not to draw the money. MISSING Director Mart when asked. lined to say how he raised in where he raised the dion and that discounted or sold. pledged that the stopped at 1 the that detiPresident and covered by He the of deficiency the was will Tues= on hundred and thousand. made his asked Idou't the stock had from a dell. with the friend made of grains believe that thirty morphia would have been found in him. I not believe his death was due entirely to asphyxiation. In asphyxia the prominent signs distortion the limbs and features, a in hanging hours after his supe the appearance After rigor to down must be done But the restore natural mouth and the the distorted and that show the bed, most condition What the the general depositors but many attairs is to impaired least. of which notes Mr. the poor to regard the are there great number of to have thousands dollars, in the aggregate, invested in bonds, which, safe they have to home and of them at their in Mr. Hill, they have deposited

4. September 7, 1884 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, September 7, 1884

Click image to open full size in new tab

Article Text

BANK FAILURE. A Cashier Behind in His Account Commits Suicide and the Bank Closes. NEW BRUNSWICK, N.J., Sept. 6.-There is a big run on the National bank. The police are keeping back the crush. The bank is paying all demands, but may close all its doors to-day, as the surplus stock has been impaired. It is rumored there is a deficiency of $200,000. No one doubts it. Cashier Charles S. Hill committed suicide. Gov. Abbott has appointed Dr. C. M. Slack county clerk, the place being vacant by Hill's death. NEW BRUNSWICK, Sept. 6.-The bank stopped payment at 12:45. The run has been tremendous all day. All the surplus is exhausted, but the bank expects funds from New York to help to tide over the difficulty. It is certain Hill committed suicide. His defficiency ranges from $225,000 to $260,000. One of the directors, M. C. Martin has sent for $100,000. Hill's speculation may yet implicate others. The official result of the examination is unknown. Hill will be buried this afternoon. NEW BRUNSWICK, Sept. 6.-There was received in the last business hours of the bank to-day $200,000 from New York to assist in tiding over the present difficulty. A heavy run is expected.to-morrow. President Runyan says he has enough to pay all.

5. September 8, 1884 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, September 8, 1884

Click image to open full size in new tab

Article Text

A Sensational Bank Failure. NEW BRUNSWICK, N.J., September 6.-A big run on the National bank here, the police keeping back the crush. The bank thus far has met all demands. It is rumored that there is a deficiency of $200,000. No one doubts that Cashier Charles S. Hill committed suicide. Governor Abbott has appointed Mr. C. M. Stack, county clerk. to the place being vacated by Hill's death. The bank stopped payment at 12:45 p. m. The run was tremendous all the day and the surplus was exhausted. Hill committed suicide. The deficiency is from $200,000 to $260,000. Money was expected from New York to tide over the crash. Director M. C. Martin has been sent for. Hill's speculations may implicate others. The official result of examination is unknown. Hill was buried this afternoon.

6. September 9, 1884 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, September 9, 1884

Click image to open full size in new tab

Article Text

SUICIDE OF A BANKER. President Runyon, President of the New Brunswick, N.J., Bank, Commits Suicide. Walter Carroll, one of the Depositors, Cut His Throat. on Account of Losses in the Bank. Great Excitement Among the Depositors, and a Raid on the Bank Stopped by the Police. NEW BRUNSWICK Sept. S.- Maldon Runyou, president of the National bank, cut his throat in the water closet of the bank He is implicated in the thievery of Cashier Hill. There great excitement The excitement over the double suielde of the president and cashier of the National Bank of New Jersey, has become intense. The statement furnished by these officials in June of the current year showed paid up capital of and surplus of $125, 000: undivided profits. $78 180. There has been nothing in the public history of the bank since that date to cause any uneasiness on the part of the stockholders. The suicide of President Runyon, while strengthening the testimony in regard to the affairs of the management, causes unbounded astonishment to the public generally, President Runyon was a farmer, sixtv years old. He leaves wife and four chil dren. He has been president of the bank but not generally regarded as much of financier, the late cashier, Hill, being considered running the institution pretty much his own way and Runyon not appearing of consequence. In Wall street much gleaned concerning president. He appears to have been by but operators in Wall street The bank in chaos. Over million was stolen Hill. Mahlon Runyon, the president, in the theft of Hill, arrested when he took The is wild. Crowds blockade Burch street where the bank stands. Acting Campbell is expected to be arrested complicity in the conspiracy. Million are and more than two suipredicted. The mob threatened to burst open the bank, but were subdued by the Carroll, depositor, cut his throat on the bank. SHAKEN. New shaken to its center. of dollars Men wild. town and National the door bank that the business suspended. The Voorhees estate partially ruined. Cashier Hill this the and of estate, with He made away taken here. In G. B. $20,000 gone Mahlon Runyon, who committed suicide. has bonds. Hill of these and before his death. of Hill's knew E doings, although him financial ignorant willing the hands in m President bank in his his young daugh said Julia, the carriage as Mr. the pavement "If do not you he responded, 'tell mama the bank. Twenty minutes later Chief Fitzgerald, who was the bank, for copy of the paper is told of his complicity Securing the paper occupied by the organizing directors and began to read. deathly spread face and he exclaimed God, my children Passing his over his brow he threw the lap of Director Stoddard, himself went into the toilet bank. later minute the heard. The directors the body blood oozing from the throat. Determined had cut his wrists deep. The blood spurting against the wall and ceiling. Thousands people outside were horrified raid the bank," was the question agitated agonized depos itors. the country joined the for their money shouted The flanked street, and with difficulty quieted the rising disturbance At 1:10. the directors, Johnson Letson, reported dead investigation revealed the fact that he become exhausted on account of strain on his nerves. H heavy stockholder and had deposited trust funds. DAVIS. Charley Davis, cerk of the bank reported dead, was found life was bound up in Hill," said. trembling violently, "and when he thought as well follow him. strychnine in your confidence ?" about this frouble fell Davis and he faint. He was picked The the police. the described. Blood out upon the marble distance of four feet Director Stoddard "the under The city debt nearly millions and the bank banks The savings haye have their capital.' "Was Mr Runyon about to be arrested? heard. "What "Please do not ask me, I am nearly dead myself. HILL's PARTY LIBERALITY. Martin A Hard who withdrew as direcsaid ago, for coming Charley Hill was too liberal. The epublican party went to him banker for funds. He doubtless took the bank surplus to aid his friends Know ing the condition of affairs I quietly with Why did you not let the public know of suspicion your dvised not to do so.' whom Bi the directors. The The effect on the town is crushing wildest excitement prevails. The streets are thronged with country depositors and fears A raid on the bank are increasing hundred special policement were sworn in by the mayor to surround the bank property The coroner's jury in the case of Mahlon Runyon death returned verdict of willful uicide Acting Cashier Campbell was seen NOT NFEDERATES. "What do you know," the reporter asked am amazed and horrified over the affair My heart's blood might have been spilt for charity, but when see what is

7. September 9, 1884 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, September 9, 1884

Click image to open full size in new tab

Article Text

# CUT-THROAT BANKING. The suicide of the president and cashier of the broken National Bank at New Brunswick, N. J., has a significance. Both thereby acknowledged a guilt only too apparent from the condition of the bank's affairs. But it is an unusual thing for two bank officials to put an end to their lives because of even a criminal defalcation, as in this instance. Usually in such cases the offender either runs away or stays and stands trial, and by the employment of skillful attorneys and pleaders escapes anything like just punishment for the offense. But it has become proverbial that Jersey justice means more than "justice" as interpreted elsewhere. These delinquents, doubtless, realized this, and, fearing to face the consequences of their crime, took the only avenue open to them and ended their lives. The country at large needs the same wholesome restraining enactments and the same unswerving enforcement, that makes them a terror to evil-doers in New Jersey. There is too much of polite stealing, too much extravagant living, too much stock and grain gambling to raise money to keep up appearances. The bank at New Brunswick was literally stripped by two thieves—thieves beneath the honor of even burglars, in that they abused the confidence of their friends, and plundered them while occupying positions of honor and trust. A million dollars is gone, somewhere and somehow, and hundreds of honest and poor depositors are left without a dollar in the world. Embezzlements are becoming altogether of too frequent occurrence, so much so that a facetious press makes standard puns on the rascality of bank officials in general. The basis of this questionable humor has too much truth in it for the good of society and of commercial integrity. Banks are breaking in all parts of the country, and, with but few honorable exceptions, examination shows that the officials have literally stolen them poor. Public sentiment will yet compel a better order of things in this direction, and if the right kind of laws be not provided, the people will feel compelled to take the matter into their own hands. Genteel thieves deserve even less commiseration than those that resort to jimmy and drill. The latter may in a measure be guarded against; but how may the trusted official who has the money in his hand be held accountable if not by stringent enactment and rigid enforcement of penalties? The man who embezzles a half million is as fit subject for the penitentiary as he who vulgarly steals a hun-

8. September 10, 1884 Savannah Morning News Savannah, GA

Article from Savannah Morning News, September 10, 1884

Click image to open full size in new tab

Article Text

COMMERCIAL CALAMITIES NEW BRUNSWICK'S EXCITEMENT NOT A WHIT ABATED. Payne, Viley & Co., of Louisville, Prove Most Unconscionable Villains, and Many Banks Heavy Victims-Denver Startled by Three Crashes in a Single Day-The Record in Other Places. NEW BRUNSWICK, N. J., Sept. 9.-The people have haunted the National Bank of New Jersey since early this morning. Payment of deposits is still refused. The rumor of Director Letson's death was false. He was overcome by heat, but is still alive. L. D. Jarrard, formerly Postmaster here, who is now in Trenton jail, was so affected by the occurrences of the past few days that he had a hemorrbage, but is recovering. The city is paralyzed. Work is suspended and stores closed. The directors of the bank are to be arrested. DEALINGS WITH HILL. NEW YORK, Sept. 9.-The manager of Hallgarten & Co., bankers and brokers, at No. 28 Broad street, said to-day with regard to rumors current about the firm's transactions with Cashier Hill: "We did next to no business with him and kept no account with him. A few times we bought some bonds to his order, which he paid for and took away." Mr. Kilborne, of A. W. Kilborne & Co., at No. 54 Wall street, said: "Our transactions with Mr. Hill were very few and were all for cash. When we executed an order for him we handed the securities over and were paid. It is a considerable time since we first made an investment for him. We believed that in a few investments he made through us he was acting merely as an agent for customers of his bank in the country. The money was not lost, anyhow."

9. September 10, 1884 Daily Republican Wilmington, DE

Article from Daily Republican, September 10, 1884

Click image to open full size in new tab

Article Text

NEWS SUMMARY. TERRIFIC STORMS SAD DEPOSITORN-HEATI CHICAGO.SERIOUS COLLISION. A large attendance is expected at the Re-union of the Army of the Cumberland, in Rochester, New York next week. Major W. H. Lambert, of Philadelphia, will de liver the annual oration, and a poem will be delivered by Benjamin F. Taylor, of Chicago. Generals Sheridan, Rosecrans, Logan, Butterfield, Morgan, McCook, Cist, Fullerton, Porter, Underwood, and Woodford, ex-Governors Fenton and Curtin, and other distinguished soldiers and civilians will be present. Crowds of saddened depositors continued yesterday to gather around the Na tional Bank of New Jersey, at New Brunswick. Payment of deposits was refused. A telegram from New Brunswick says 'The city is paralyzed, work is suspended, stores closed, and industry at a stand still." Bank Examiner Shelley is reported to have said yesterday that the depositors will be paid in full. It is now said that the bank's losses will not exceed $300,000. John McBurth, a conductor, arrested a at Asbury Park on Monday, on charge of defrauding the New York and Long Brach Railroad Company by stealing and selling tickets, was honorably acquitted yesterday. Charles Brown, the brakeman who made the charge against McBurth, after he had been arrested on a similar charge, was held for trial. The Chicago Live Stock Exchange decided on Monday to purchase ten head of healthy cattle, to be presented to the Live Stock Commission, for the purpose of being "placed in a herd affected with pleuro-pneumonia, until such time as will prove whether the suspected disease does or does not exist.' f A train on the Memphis and Charleston Rai!road ran into a cow near d Corinth, Mississippi, ontMonday night, and three of its passenger cars were thrown from the track. There were about seventy passengers in the three coaches, all of whom were injured, but none severely except a colored man and a colored girl. Chicago has for ten days been suffering from a warm spell " almost unprecebented in the history of the city." The range of the temperature has been from 75 to 90 degrees, the nights having afforded little relief from the sultriness. At 7 o'clock yesterday morning the temperature was 82 degrees. The principal business block in Arkansas City, Arkansas, was burned on Monday. The total loss is estimated at $60,000 insurance $12,000. A man e named Matthew Orlan has been ar rested on suspicion of having caused the fire. He was lynched by a mob on Tuesday morning. e It is reported that the most disastrous washout ever known on the St. Paul and Omaha Railroad took place e near Fau Claire OH Monday night. The trains on that road were compelled to run to St. Paul on the Chicago, Milwaukee and St. Paul road. 8 Sioux City, Iowa, and its vicinity at were visied by a terrific storm on Mon. 1. day. The rain fell in a torrent, and barns were unroofed and other buildto ings demolished. At Ullinet, in O'Brien pcounty, several buildings were demolished. et 10 The farm house of George J. Tufts, in Middleton, New Hampshire, was d fired by lightning on Monday evening, h and a year-old daughter of Tufts 1, was killed. Andrew Musselman, Deputy Sheriff of Jefferson County, Kentucky, has resigned, and it is said his accounts are 8 ehort' $5,000, which he lost in gambn ling. n The body of Jacob Hartman. a barber 7, of dissipated habits, was found hanging g in & barn at Oswego, New York, on 1Monday evening. He had been missing d for a week.

10. September 10, 1884 Richmond Dispatch Richmond, VA

Article from Richmond Dispatch, September 10, 1884

Click image to open full size in new tab

Article Text

The New Brunswick Bank Swindle. 1 By telegraph to the Dispatch.] NEW BRUNSWICK, N. J., September 9.The people have haunted the National Bank of New Jersey since early this morning. The payment of deposits is still refused. The rumor of Director Letson's death was false. He was overcome by heat, but is still alive. L. D. Jarrard, formerly postmaster here. who is now in Trenton jail. was so affected by the occurrences of the past few days that he had a hemorrhage, but is recovering. The city is paralyzed: work is suspended, stores closed, and industry at a standstill. The directors of the bank are to be arrested.

11. September 10, 1884 The Silver State Unionville, Winnemucca, NV

Article from The Silver State, September 10, 1884

Click image to open full size in new tab

Article Text

TELEGRAPHIC NEWS. The anti-Mormon residents of Lewis county, Tennessee, have posted in conspicuous places a notice, warning all members of the Church of Latter-Day Saints to go elsewhere on the pain of death. The document, which is adorned with the picture of a coffin, is in these words: "Mormons leave. All members of the Church of LatterDay Saints are notified to leave this county, and thirty days are given for you all to go. An indignant and outraged people have said it, and go you shall. If you are found in this county after thirty days you will go like the others. Go peaceably if you will, but you must go." The Mormons are much alarmed, and it is believed some will leave within the time prescribed, while the rest will defy their persecutors and prepare for any attack that may be made upon them. Cleveland, Ohio, suffered from a severe fire Monday night. The entire fire department was in service, and telegrams to Akron, Youngstown, Paines. ville, Erie, Sandusky and Toledo brought assistance. The origin of the fire is unknown. Incendarism is supposed by some, but the most probable theory is that sparks from a tug set fire, early in the evening, to a pile of shavings, from which the flames spread until Perry & Co's extensive lumber yard was ablaze. The lumber yards of Potter, Birdsall & Co. and C. J. King & Co. were also consumed. The Variety Iron Works were destroyed. Stanley's candy factory was burned, and a part of Sherwin, Williams & Co's varnish works. The loss is estimated at from $2,000,000 to $2,500,000. The militia of the city were ordered to be in readiness, if necessary, to do police duty, but they were not ordered out. Tne National bank at New Brunswick, N. J. is in a chaos. Over a million was stolen by Hill. Mahlon Runyon, the President, is implicated in the theft of Hill, and expected to be arrested, when he took hislife. The city is wild. Crowds blockade Church street, where the bank stands. The acting cashier, Campbell, is expected to be arrested for complicity in the conspiracy. Other suicides are expected. The mob threatened to burst open the bank, but were subdued by the police. Yesterday was a gala day at Elmira, N. Y. It was estimated that 50,000 people were on the fair grounds. Gov. ernor Cleveland commenced speaking at 2:45. He spoke from a carriage in front of Manufacturers Hall, and was introduced by the President of the fair. Immediately after Cleveland arose a great cheer went up from the multitude-15,000 people shouting themselves hoarse. The remarks were listened to with great attention, and often interrupted with cheers. A New York Times' Portland (Me.) special says: It is beginning to be understood that Blaine's alliance with the Prohibitionists gave the Republican State ticket a larger majority than some have been figuring on. Blaine's bargain was complete. He agreed to throw the Republican vote as solidly as possible for the Prohibition Amendment to the Constitution in return for the Probibition vote given to the Republican State ticket. An attempt to murder occurred at the St. David's House, 775 Howard street, San Francisco. Thomas Green, a soldier from Alcatraz, shot Miss Ella McMahon three times, inflicting severe but not necessarily fatal wounds. The woman has been in the city about three months. Green claims to have been engaged to her for eleven years, and on her refusing to marry him he shot her. She was about to return to Boston. The New York Times says that John Sherman and Foster have had a meet. ing in Cleveland, and agreed, for the time being, to drop all past differences on an agreement that if Blaine is elect.

12. September 10, 1884 The Evening Critic Washington, DC

Article from The Evening Critic, September 10, 1884

Click image to open full size in new tab

Article Text

THE MORNING NEWS, ocal and General, Botled Worked Over and Fornished Fresh. ALWAYS busy while others are complain '00 *20 Brouth is injuring the tobacco crops outhern Mary land. The Columbia Railroad yesterday declare semi-annual dividend of six per cent. Clothing for school wear. Elseman, 7th & The Czar and Czarina have been receive 1 Warsaw with demonstrations of good Mr. Holton has decided to accept the ublican nomination in the Fifth Marylan Istrict. There were five deaths from the heat hiladelphia yesterday and a number of ) The Duke of Portland's colt Langwe on the Champagne stakes at the Doncaste meeting yesterday. The centennial celebration of the ation of Montgomery County, Pa., opened orristown yesterday. Fifty Russian Mormons arrived in ork yesterday and left for Beatrice, Nebrask where they will colonize. Col. D. O. Gebr. a prominent citizen Chambersburg, Pa., died Monday. He was ative of Washington County, Md. James Brown. of 1335 Cedar street, states 0 pus 10 esnoq B uro. orday and injured himself internally. The thirty-third semi-annual session he Homeopathic Medical Society of the f New York opened at Binghamton yester ay, The official bulletin shows 764 new f cholera and 341 deaths in Italy Ionday. King Humbert has given $20,000 he relief fund. A private letter from Cairo speaks of mpression there that Khartoum has falle General Wolseley and Lord Northbrook 10 unread The National Convention of Chief Engineers began in Chicago yesterda Nearly two hundred members of the assoct tion are in attendance. The son of Attorney-General Johnso of Liberia, formerly of Canandaigua, County, N. Y., has received news of father's murder in Liberia. Business has been paralyzed at Brunswick, N. J., by the failure of the tional Bank of New Jersey. The directors the bank are to be arrested. The twelfth annual prize meeting of National Rifle Aesociation of America yesterday at Creedmoor, L.I. About 200 men responded to the first call. Charles Carroll, colored, who recently saulted and offered indignities to a young In Howard County, Md., has been sentenced ten years in the penitentiary. The total loss by the great fire in Clev and Sunday night 18 one million dollars. Board of Trade has asked the City Council trengthen the fire department. The French Cabinet ministers will be ened to decide when the Chambers shall alled together. Government circles are urbed over the financial war prospect. Mr. Felix Draney has accepted the f Professor Prince, the bicyclist, to back orse for $200 to trot two miles against n his bicycle, at Athletic Park, Friday 'uoot In the Blaine-Sentinel libel suit at Hanapolis, yesterday, the defense served Ice on the plaintiff's attorney that they egin taking depositions in Kentucky on '1801 P& The Fourth District Republican tressional Convention at Marion, Ala., yeste lay nominated Jere Haralson, colored, Congress, over George H. Craig, white. 'OBID una TITAL The Democratic primary election in Eighth Congressional District of Kentucky sulted in the nomination of Governor B. McCreary, who defeated Hon Pate son, present member. 'op 2g SYUS'Y TO tij Ex-Judge Thomas S. Iglehart, of Annap 11s, metwith a painful accident Monday UB 01 sttached ujd полр us tirely through one of his feet. The Instrumer being blunt made a terrible gash. The telegraph and telephone compani in Philadelphia yesterday were notified to move all their wires and poles from the stree before January 1, 1885, in accordance the recent action of the councils. The Democratic campaign was opened the Fifth Congressional District of Marylar pus 1arge U 4114 14314 1681 18 thusiastic meeting, the speakers being T. Iglebart, Barnes Compton and Thomas Weeks. The West-bound train on the Memph and Charleston Railroad was thrown from track Monday night near Corinth, Miss. the passengers were more or less bruised. colored brakeman and a colored girl receive

13. September 11, 1884 The Aberdeen Examiner Aberdeen, MS

Article from The Aberdeen Examiner, September 11, 1884

Click image to open full size in new tab

Article Text

THE city of New Brunswick. New Jersey was thrown into wild excitement on the 8th by the announcement that President Runyan of the National Bank of New Jersey, whose cahier suicided last week, had followed suit by cutting his throat, and that more than a million of dollars was missing from the bank. The crash will prostrate the city and county.

14. September 11, 1884 Eureka Daily Sentinel Eureka, NV

Article from Eureka Daily Sentinel, September 11, 1884

Click image to open full size in new tab

Article Text

EASTERN NEWS. Maine Republicans Barely Managed to Hold Their Own. ORIGIN OF THECATTLE DISEASE TRACED TO TROY, 0. Levi P. Morton to Succeed to the Treasury Portfolio. INTENSELY HOT WEATHER IN NEW YORK AND PHILADELPHIA. Three Men Killed by the Explosion of a Distillery. [SPECIAL TO THE SENTINEL.| Barely Hold Their Own. NEW YORK, Sept. 10.-The World says: The majority for Blaine's candidate for Governor should have been at least 20,000, under the circumstances of the alliance of the Republicans with the Prohibitionists. The Herald says: Blaine appears to be 4,000 votes more popular in Maine than the late President Garfield, and 4,000 less popular than ex President Hayes. It shows that if the Democratic National Committee had chosen to contest this election they might have done 80 with an excellent chance of success. The Times says: As compared with the September vote of 1876, the last one held under normal conditions, the Republicans ought to have polled more than 20,000 majority. It will be seen that with all their straining, with the advantage of Blaine's appeal to State pride, and with the field substantially abandoned to them, the Republicans have barely managed to hold their own. Origin of the Cattle Disease. CHICAGO, Sept. 10.-Dr. Salmon, chief of the Bureau of Animal Industry. returned yesterday to this city. He said he had been tracing the source from which the cattle disease had spread over the West. He had located it in & herd at Troy, Ohio. The herd was owned by & man named Dye, who had been handling a large quantity of cattle. He had shipped four lots West, and one of them had brought the epidemic into Illinois. He could not trace the other three. There were still chronic cases of the disease among Dye's cattle. Dr. Salmon said he should continue to trace up the disease. He said he would make a report to the Bureau at Washington, and a bill would probably be presented this Winter in Congress to meet the exigencies of the occasion. Blaine Puffs Blaine. AUGUSTA, Me., Sept. 10.-The following dispatch was forwarded from here to-day: To James B. Logan, Chicago: The returns from remote sections of the State increases our majority beyond all expectations. In 358 towns the Republican majority over Redman exceeds 18,000, and the prospects are that from complete returns the majority may reach 19,000. Possibly it will be the largest ever given in the history of the Republican party in Maine, with two exceptions at the close of the war. The latest returns show that the Republicans carried every county. The State has elected every member of the State Senate. The magnitude of the Republican vote is a surprise to both parties, and shows that a large number of Democrats joined our ranks. (Signed), WALKER BLAINE. Canadian Cattle Quarantine. TORONTO, Ont., Sept. 10.-The quarantine of cattle coming into Canada has been established, and the Canadian Pacific Railroad is forbidden to transport beeves except under rigid restrictions. It will be required to fumigate the cars used for the transportation of American cattle. The application made by the representative of the Montana cattle dealers to the English Government, has been transmitted to the Canadian authorities and sustained. They refuse to allow American cattle to be shipped through to Montreal, claiming that it would operate to the detriment of the Canadian cattle interest. Washiogton Gossip. WASHINGTON, Sept. 10.-A good deal of dissatisfaction is expressed among privates and Sergeants of the Signal Corps over the recall of Brainard, Long and Connell, who were reported to be earning about $1,000 a week exhibiting themselves at the Dime Museum in Cleveland. Considerable currency is given to the rumor that Levi P. Morton, United States Minister to France, would succeed to the Treasury portfolio, made vacant by the death of Secretary Folger. Dying of Sunstroke in Philadelphia PHILADELPHIA, Pa., Sept. 10.-The heat here is intense. Five men died here of sunstroke at the hospital. During the night 20 cases were reported. This morning the animals at the State Fair are suffering terribly; specimen poultry are dying, being carried off by the basketful. Blooded horses were constantly washed with ice water, and are greatly distressed. Five hundred dogs at the bench show and the cattle are in a terrible condition. Bank of New Jersey. NEW BRUNSWICK, N. J., Sept. 10.-The Directors of the National Bank of New Jersey have authorized a public statement made that the capital of the bank remains intact, and there is no reason why the bank should not resume business as soon as the necessary formalities of such cases have been complied with. Every depositor will be paid in full. The bank will probably resume business in a few days. Intensely Hot in New York. NEW YORK, Sept. 10.-The weather is intensely hot. The street car lines have almost suspended. A number of people have been prostrated, but it is impossible to learn how many. Nine deaths occurred at Bellevue Hospital from heat. The street car officials state that should the hot weather continue one more day the lines will have to entirely suspend. He Declines. BOSTON, Sept. 10.-At the Prohibition State Convention a letter from President J. H. Seelye, of Amherst College, declining the nomination for Governor, was read. Notwithstanding his declination,

15. September 11, 1884 The Dallas Weekly Herald Dallas, TX

Article from The Dallas Weekly Herald, September 11, 1884

Click image to open full size in new tab

Article Text

: phans' Funds Lost. gdog "I 'N MEN Mahion Runyon, President of the Tional bank, cufhis throat in the wate doset of the bank. He was implicat in the thieving of Cashier Hill. excitement prevails. The exciteme over the double suicide of the Preside and Cashier of the National bank New Jersey has become intense. statement furnished by these officia in June of the eurrent year show 'snjdans 1000'0973 capital dn-pred PUL *081'829 'signad pepisipun :000 has been nothing in the public histo of the bank since that date cause any uneasiness to stockhol ers. The suicide of President Runve while strengthening the testimony on III spuraj jurja unbounded astonishment to the gener public. President Runyon, who mitted suicide this morning, was a mer 60 years old. He leaves a wite four children. He has been Preside of the bank five years. He WHS not erally regarded as much of a financi The late cashier, Hill, has been sidered as running affairs pretty his own way and Runyon not appeari of much consequence in Wall Not much can begleaned concerning president. He appears to have known by few operators in Wall The National Bank of New affairs are in a chastie condition. $1,000,000 have been stolen DV Hill others. Mahlon Runyon, the Preside is implicated in the theft with Hill. was expected to be arrested when took his life. The city is wild. blockade Church street, where the stands. The acting cashier, Campb is expected to be arrested for compliel in the conspiracy. Millionaires trembling. More than two other suicio qom V perpoted 9.18 burst open the bank, and was subdu by the police. Walter Conoll, a tor, cut his throat on account of in the bank. New Brunswick is shaken to its ter. Bank Examiner Shelly has u! 000'000'1$ JOAO Jo definit R surplus and cash securities. The is wild. Men rush frantically to doors of the National bank only to told that business of this institution suspended for the present. Runyon. who committed suicide, II!H 'spuoq Government u! 000'09$ negotiated for the sale of these SAUP the emos 11 his death. Runyon knew nothing Hill's doings, trusting him implicit The crash in Wall Street in may took the bulk of Hill's stealings. yon, although quite popular. was norant of financial matters. He willing tool in the hands of the ing cashier. At9:45 a. m., President Runyon up to the bank in his carriage. He accompanied by his two young ters. "Good bye, papa," said Julia, the est, reaching out of the carriage as Runyon descended to the pavement. hope all will be well." "If you do not see me before he responded, "tell mama I will the bank." Twenty minutes later he sent Fitzgerald, who was in charge of bank, for a copy of the morning in which the story was told of his plicity in the bank's downfall. the paper he went into a room by the organizing directors, and to read. A deathly palor spread over face and he exclaimed: "My God, what will my childrer Passing his handkerehief over his he threw the paper into the Director Stoddard, and himself, went into the toilet of the bank. A minute later sound of a fall was heard. The tors rushed to the closet and discove the body of Runyon on the floor, oozing from a gaping wound in

16. September 13, 1884 The Ottawa Free Trader Ottawa, IL

Article from The Ottawa Free Trader, September 13, 1884

Click image to open full size in new tab

Article Text

Among the phenomenally large number of banks that have gone to the wall in the last few months through the dishonesty of their officers, none presents more sickening features than the ruin, a week ago, of the National Bank of New Brunswick, N. J. The bank was supposed to be in the soundest and healthiest condition, until suspicion was awakened by the sudden suicide of its cashier, Mr. Hill. Even then an investigation could discover nothing wrong, until the suicide of Hill was followed by that of Runyan, the president. Then a closer investigation revealed that the bank had been robbed by its officers of over a million of dollars, and that it was hopelessly swamped-not ten cents on the dollar left for creditors or depositors. A clerk of the bank has followed the example of his superiors and also cut his own throat: and now Walter Carroll, a depositor, through grief at his loss, has done the same thing.

17. September 13, 1884 Martinsburg Herald Martinsburg, WV

Article from Martinsburg Herald, September 13, 1884

Click image to open full size in new tab

Article Text

J. W. Clinger's barn, four miles from Winchester, Va., was burned Monday; loss $2,000. A distressing drouth prevails in all that section of country between Charlottesville and Danville, Va. There were 153 deaths Sunday in New York, the majority of which were directly the result of the intense heat. The daughter of Mr. Morosini, Jay Gould's partner, who eloped with her father's coachman, was married to him in New York. Assistant Secretary of the Treasury French arrived from Europe Sunday, and takes charge of the Treasury Department until a successor to Judge Folger is appointed. The large Switzer barn of Josiah Zimmerman, near Frederick, was destroyed by fire Sunday morning. 1800 bushels of wheat, 60 barrels of corn, 50 tons hay, machinery, &c., burned. Loss, $6,000; insurance $2,000 NEW BRUNSWICK, N.J., Sept.S.The suicide of Cashier Hill, of the National Bank of New Jersey, who put an end to his life last week, was followed to-day by the suicide of the president of the bank, Mahlon Runyon, who cut his throat this morning in a private room of the bank building. The news of Cashier Hill's suicide last week was followed by a run on the bank on Friday and Saturday, and by the discovery that the dead cashier was a defaulter to a large amount. It was also charged that President Runyon was implicated in Hill's embezzlement.

18. September 13, 1884 The Caldwell Tribune Caldwell, ID

Article from The Caldwell Tribune, September 13, 1884

Click image to open full size in new tab

Article Text

# A TERRIBLE AFFAIR. The Troubles of a Beak Result in the Suicide of Its President and Cashier. New Brunswick dispatch: The excitement over the double suicide of the president and cashier of the National bank of New Jersey has become intense. A statement furnished by the officials in June of the current year showed a paid-up capital of $250,000; surplus, $125,000; undivided profits, $78,180. There has been nothing in the public history of the bank since that date to cause any uneasiness to the stockholders. The suicide of the president strengthens the evidence of great frauds and creates unbounded astonishment. President Runyon was over sixty years old, and leaves a wife and four children. He had been president of the bank for five years. Over one million dollars were stolen by Hill. Mapleton Runyon, the president, was implicated in the theft of Hill and expected to be arrested when he took his life. The city is wild and crowds blockade Church street, where the bank stands. Acting Cashier Campbell is expected to be arrested for complicity in the conspiracy. Millionaires are trembling and more than two suicides are predicted. The mob threatened to break open the bank and were subdued by the police. Water Carroll, a depositor, cut his throat on account of losses. There is great excitement in the city. Bank Examiner Shelly has discovered a deficit of over $1,000,000 in the surplus cash and securities. The town is wild, and men rush frantically to the doors of the National bank, only to be told that the business of that institution is suspended for the present. The Voorhees estate is partially ruined. Cashier Hill was left as custodian of this estate and of the bonds and securities made away with, all over $19,000 was taken here. In the G. B. Adrian estate over $30,000 was gone President Runyon, who committed suicide, has $60,000 in government bonds. Hill had negotiated for the sale of these and consumated some before his death. A clerk of the bank, who had been reported dead, was found alive at 1:45 p. m. Runyon knew nothing of Hill's doings, trusting him implicitly. The crash in Wall street in May last took the bulk of Hill's stealings. Runyon, though quite popular, was ignorant of financial matters and was a willing tool in the hands of a designing cashier. At 9:45 a. m. President Runyon drove up to the bank in a carriage. He was accompanied by his two young daughters. "Good by, papa," said Julia, the eldest, reaching out of the carriage as Mr, Runyon descended to the pavement. "I hope all will be well." "If you do not see me before night," he responded, "tell mamma I will stick to the bank." Twenty minutes later he sent Chief Fitzgerald, who is in charge of the bank, for a copy of the morning paper, in which the story was told of his complicity in the bank's downfall. Securing the paper he went into the room occupied by the organizing directors and began to read. A deathly pallor spread over his face and, passing his handkerchief over his brow, he threw the paper into the lap of Director Stoddard and, excusing himself, went into the toilet room of the bank. A minute later a fall was heard. The directors rushed to the closet and discovered the body of Runyon on the floor, blood oozing from a gaping wound in the throat. Determined on suicide, he had cut his wrists deeply, blood spurting against the wall and ceiling. The thousands of people outside were horrified. "Shall we raid the bank?"" was the question which agitated the depositors. Farmers from the country joined the throng and shouted for their money. The police with difficulty quieted the disturbance. At 1:20 one of the directors, John Letson, was reported dead. An investigation revealed the fact that he had become exhausted on account of the strain upon his nerves. He was a heavy stockholder and had deposited trust funds. My God!'' exclaimed Director Stoddard, "the whole city will go. The city debt is now nearly $2,000,000 and the bank holds its paper. The Savings bank has gone under and we have their capital." Martin A. Howell, who withdrew as director eight years ago, said: "I saw it was coming. Charley Hill was too liberal. The republican party went to him as its banker for funds. He doubtless took the bank surplus to aid his friends. Knowing the condition of affairs, I quietly withdrew." "Why did you not let the public know your suspicions?"" "I was advised not to do so," "By whom?" "By a director." The effect on the town is crushing. The wildest excitement prevails. The streets are thronged with country depositors and there are fears of a raid on the bank. Hundreds of special policemen were sworn in by the mayor to surround the bank property. Acting Cashier Campbell says: "I have had fears of the present result for six months, but kept my mouth closed. I feared expulsion by the directors."

19. September 20, 1884 The Superior Times Superior, WI

Article from The Superior Times, September 20, 1884

Click image to open full size in new tab

Article Text

. 3. SUPERIOR, WISCONSIN SATURDAY, SEPTEMBER 20, 1884. three died from the disease while on THE CHIPPEWA ON MAHLON RUNYON, president of the colNEWS OF THE WEEK. the voyage from Cuba. lapsed bank at New Brunswick, N.J. nk A STEAMER arrived in New York on committed suicide on the 8th inst., by A Scene of Appalling Devas POLITICAL the 10th inst., with 500 Mormon concutting his throat. He was implicated Result of a Sudden verts on board for Utah. in the irregularities of Hill, the cashier. JOHN M. HILL was chosen as the DemA depositor named arroll has also THE directors of the collapsed NaTwo Hundred Houses Fl ocratic candidote for governor of New ended his life, which makes three tragetional Bank of New Brunswick, N. J., Bridges Swept Away-Th Hampshire at the state convention at dies growing out of the big steal. have officially announced that the bank Concord on the 10th. Placed at $4,000,0 IN a row between the Wilson and 0. will resume business, and that every one THE Massachusetts Prohibitionists will be paid in full. Thomburg families, at the house of the met in state convension at Boston on former, Ft. Wayne, Ind., on the 9th, UPPER crust society in New York The ravages of the flood k City the heads of both families were fatally was thrown into convulsions on the 9th the 10th and nominated J. H. Seelys of ley of the Chippewa River 1 icago hurt. climax on the 11th, and th Amherst College, for governor. by the announcement that Miss Victo1. Paul gan to recede. Both the WILLIAM LYLE, a reporter on the The Prohibitionists of New Hampria, oldest daughter of "Count" Morosini, and Chippewa reached t Times, got into a quarrel at Illinois Fair had eloped with Ernest J. Shelling, shire have placed placed Larkin D.Madented height of twenty-se her father's coachman. son in nomination for the governorgrounds, Chicago, with George Griege, swept away bridges, dams, ship. OVER 30,000 children attended the an engineer on the North-Western road, houses-everything in their THE Connecticut Greenbackers on on the 8th inst., the result of which was Illinois state fair at Chicago on the 9th bridge on the Chippewa ha inst. the stabbing of the latter in such a manthe 10th chose James L. Curtis as their GATES five railroad bridges and ner that he will die. candidate for governor. FREDERICK G. LINTZ, a prominent bridges. The first bridge &

20. September 23, 1884 Savannah Morning News Savannah, GA

Article from Savannah Morning News, September 23, 1884

Click image to open full size in new tab

Article Text

FALLEN BUSINESS FIRMS. Clothier Stern, of Broom Street, Goes Under With $23,000 in Preferences. NEW YORK, Sept. 22.-Zacharia Stern to-day filed an assignment for the benefit of his creditors to Mcritz Fredenberg, with preferences amounting to $23,616. Mr. Stern is a clothing dealer. His failure is attributed to the late suspension of Rindskopf Bros. & Co., the Broadway clothiers. A BIG WHISKY FIRM FAILS. LOUISVILLE, Sept. 22.-An assignment was placed on record to-day by the great whisky corporation of Newcomb, Buchanan & Co., the largest house of the kind in the South and one of the largest in the Union. Other assignments for the benefit of creditors were filed by George C. Buchanan and Andrew Buchanan, members of the firm. The deeds of assignments are all very general in their terms, merely setting forth that the company's liabilities are more than their assets, and that, finding themselves unable to meet just demands upon them, they convey all their property, real and personal, for the benefit of their creditors. They except such property as is exempt under the statutes. George W. Morris is made the assignee of the company and of George C., & Andrew Buchanan. Newcome, Buchanan & Co. failed about two years ago, but succeeded in obtaining an extension from their creditors. Their liabilities were then about $1,500,000, while their nominal assets were $2,000,000. Since then they have paid off many of their old debts by contracting new ones and reducing the bulk of their assets. NOT CONSIDERED DISASTROUS. W. T. Ralph, Manager of the Mercantile agency of R. G. Dun & Co., was inclined to treat the whole affair lightly, as being merely the culmination of their failure of two years ago. "There is nothing sensational about it," he said. "They obtained an extension upon debts then, and finding themselves still unable to meet them have turned the job over to an assignee. There is no real assignment, for there is nothing to assign." Dealers generally took the same view of the matter. "It has been a question for two years," said of them, "whether they could pay up. It has been decided in the negative. This is all." "Hurt?" said another, "why should any one be hurt. This is an old tale. Since their failure and the extension their credit has been nominal only. No one holds their paper except men who were caught then and haye not been able to get out." There are rumors that the Buchanans have left town. The absence of the members of the firm from the city has aroused suspicions that something is wrong, but nothing is known to confirm them. NEW BRUNSWICK'S BROKEN BANK. NEW BRUNSWICK, N. J., Sept. 22.-It stated that the losses of the National Bank of New Jersey will amount to about $250,000, Cashier Hill's defalcations will probably cover $200,000, while the balance represents the over drafts of the President. Comptroller Cannon has authorized the reopening of the bank, which event will occur on Wednesday or Thursday next. Lewis T. Howell has been elected President and E. S. Campbell Cashier. WHOLESALE JEWELERS FAIL. CHICAGO, Sept. 22.-Confessions of judgment to the amount of $39,000 were filed to-day against S. Friedman & Co., wholesale jewelers, of this city. When a deputy sheriff attempted to make a levy on the stock of the firm C. Bachralt was found in possession. He stated that a foreclosure had been made in his favor by reason of a chattel mortgage for $31;000. He also declared that the value of the stock would not exceed $50,000. AN ONTARIO BANKER FAILS. LONDON, ONT., Sept. 22.-Thomas Fawcett, a banker of this city, who is also the head of several agencies in Western Ontario, has had his checks refused by the Bank of Montreal. His liabilities are between $800,000 to $1,000,000. A COLLAPSE IN OIL. The failure of A.S. Jones was announcat the New York Mining and National Petroleum Exchange this morning. About 250,000 barrels of oil were closed out for his account. A LACE MANUFACTORY FAILS. LONDON, Sept. 22.-Robert Towle, proprietor of a lace factory at Nottingham, has failed. His liabilities are heavy.

21. September 23, 1884 The Daily Cairo Bulletin Cairo, IL

Article from The Daily Cairo Bulletin, September 23, 1884

Click image to open full size in new tab

Article Text

Will Resume With Capital Unimpaired. NEW BRUNSWICK, N.J., September 22. - -The National Bank of New Jersey will resume business on Wednesday with unimpaired capital. Every depositor will be paid in full. Director Lewis Howell will act as temporary President. The two vacancies in the directory have been filled by the election of John R. Russell and Peter Runyon.

22. September 23, 1884 New-York Tribune New York, NY

Article from New-York Tribune, September 23, 1884

Click image to open full size in new tab

Article Text

A SUSPENDED BANK TO REOPEN. It is stated that the losses of the National Bank of New-Jersey, of New-Brunswick. will amount to about $250,000. Cashier Hill's defalcation will probably cover $200,000, while the balance represents the overdraft of the president. Controller Cannon has authorized the reopening of the bank to-morrow or Thursday. Lewis T. Howell has been elected president and E. S. Campbell cashier.