14182. Mechanics Bank (Newark, NJ)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
November 1, 1881
Location
Newark, New Jersey (40.736, -74.172)

Metadata

Model
gpt-5-mini
Short Digest
9f86237e

Response Measures

None

Description

Cashier Baldwin's embezzlement and large irregular loans to C. Nugent & Co. led to the bank's suspension in early November 1881. A receiver was appointed and legal actions followed. The directors/stockholders arranged a plan and funds to revive the bank; by May 1882 the institution was being restarted (payments and reopening planned for May 16, 1882). There is evidence of depositor anxiety and people gathering at the closed doors after suspension, but no clear, large-scale run prior to suspension is described; primary cause was bank-specific adverse information (embezzlement/irregular loans).

Events (5)
1. November 1, 1881 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Embezzlement by cashier Oscar (or O.) L. Baldwin and large irregular loans/advances to C. Nugent & Co.; discovery of deficits led directors to decide to suspend business immediately and close the bank's doors.
Newspaper Excerpt
closed iron doors, on which was written the first thrilling announcement of wreck and ruin
Source
newspapers
2. November 4, 1881 Other
Newspaper Excerpt
Henry B. Marchbank, formarly corresponding clerk of the broken Mechanics' Bank, was arrested ... charged ... with having robbed the bank of $50,000.
Source
newspapers
3. November 7, 1881 Receivership
Newspaper Excerpt
appointed E. N. Miller provisional receiver to take charge of affairs; the Court ... has this morning also appointed E. N. Miller provisional receiver to take charge of affairs (Nov. 7).
Source
newspapers
4. November 22, 1881 Other
Newspaper Excerpt
order against Nugent & Co. to show cause at Trenton, on November 22 why the injunction should not be issued and a receiver appointed; temporary injunction to prevent the concern from transferring or disposing of its property was granted
Source
newspapers
5. May 16, 1882 Reopening
Newspaper Excerpt
The trustees of the fund of $750,000 ... arranged to pay the money to the creditors and stockholders ... to be paid on May 16. It has been determined to start the bank again immediately as a new institution.
Source
newspapers

Newspaper Articles (22)
1. November 1, 1881 Wheeling Register Wheeling, WV
Article from Wheeling Register, November 1, 1881

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BUYING AND SELLING. GENERAL MARKETS BY TELEGRAPH. Money at 4 to 6 Per Cent.-Governments Quiet and Firm-Flour Dull-Wheat Active But Lower-Hogs in Fair Demand and Firm. FINANCE. New York NEW YORK, October 31.-MONEY-At 4@6 per cent. per annum 1.32 per diem, closing at 4 per cent. Prime mercantile paper 6@7 per cent. Sterling exchange, steady at 481: demand 485. SILVER-At London 518d per ounce; bar silver here 112. subsidiary silver coin 1 per cent discount. GOVERNMENTS-Quiet and firm. 101 Sixes, extended 102 New Fives, extended 113 New Four-and-one-halts.coupons 116' New Fours,coupons 130 PacificSixes of '95 RAILROAD Boxos-Irregular, on moderate volume of busines. STATE SECURITIES-Moderately active. STOCKS-The market opened firm and 1@1 per cent. higher than at the close on Saturday, and another advance of 1 @. per cent. took place almost immediately. Speculation, however, soon became heavy, and during almost the remainder of the day the tendency was toward lower figures. There were, of of course, occasional recoveries which were as quickly lost, and the market closed weak at a decline from the best figures of the morning of : to 21 per cent. Canada Southern and Michigan Central each sold down 2). St. Paul 2, Texas Pacific 14, Lake Shore 1., New York Central 11. Delaware, Lackawanna and Western 1., Central Pacific 1, and Union Pacific 11 percent. The hardening tendency of the money mark t caused by the failure of the Mechanies bank of Newark, was the main cause of the weakness in the stock market. It was also feared there would be a run on the savings' banks in New Jersey, and that the Pennsylvania Railroad Company had advanced eastbound freight rates to twenty-tive cents per one hundred pounds from twenty cents, and that the New York roads will follow to-morrow. but this news merely steadied the mar. ket which was declining on account of the wicked faithlessness of Newark's bank cashier. The mining stock market to day was very active and firm, especially for State lines and Oriental Nos. 2 and 3, closing at 340. Nos. 1 and 4 at 66, and Oriental and Miller at 70. South Pacitic made a further advance to 500. Transactions 381,000 shares.

2. November 2, 1881 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, November 2, 1881

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NUMENT. BALDWIN'S COMPLOT. United NEWARK, N. J., Nov. 1.-It Kensby seeing became sathasty examination the of papers relistied. Mechanics' Bank and States after District-At ttorney surrendered the books by Ualdwith III his he made brtho lating Cashier to Nugente & Co., voluntary Hence statement, the substantially true. Nugent's on Judge the hands of the be immediately of demand were gent that & Co. property now Teese, In restitution surrendered counsel, C. to Nii- the 11 Receiver, In partial by Nugent In complicity examounts abstracted The District-Attorney Haldwin. some papers on the hibited to and insisted that by factory were the claim with is based, Teese produced which the app goods bank, the plication and now were in the of in moneys fact be allowed the drawn property to have from of all the himself expert bank. Teese asked to matter, and pledged the property should was completed and that until examine the examination the be left undisturbed he could give answer. NUMBER'S REPLY he for c. Nugent. said he would false C. show Baldwin's drawn any to & Co. and not of able Counsel confession their credits such Nugent $2,000,000 in excess would be amount he doubted as even If the excess The firm was one-tenth and of that amount. own books n statement of making up from its and drawn out bank of the for a number of offset years the banks moneys would paid In past, and figures. nssign this. the he thought, & Co. had not made do so. an Thustory C. Nugent nor do they in be end a to preferred creditor ment, the bank was to At present, it was the also au & Co. to would abide and intention that was of Nugent error. events, when remain It still been mlsled as to informed the that hebank and be found the people way tho money near claimed ly S500, had grone. When & Co. haddrawn counsel said that C. past three months, hands day 000 In the Nugent employed 700 and Then that and the firm, which have n large DAY-roll; month. night, would was over $50,000 to be per purchased, that and other expenses. would alone there was material But was it not likely THIS SOME there RECEIPTS be TO ESPENDITURE COUNTERINAI- ANCE MeAll the money LARGE received was went what into the the state- to Bank, and this by the firm is now of the the show. ment chanies' The being fact financial made manager out whole affair of Neither Is firm that Bakdwin was for about eight years. were and nor James and Baldwin nor claimed fill up Christopher had been to be, Nugent signed than- notes had it power of How easy it among the upsuch depositing and eters to fill checks. attorney notes and instead to of place would their be pass-book receipts for him bank's papers credit! The firm of the firm to notes their as deposits, and of the Cashier show about it. A friend him on the said he was and heard the he Garfield was money. made know would Haldwin nothing buried, with Nugent Hald former day up, and a large quantity enabled to pay evidence had ask C. would Nugeut soon for be of thought material was in about been know Baldwin $500,000. overdrawn that Nugent when This. to n no large he Cashier spoke'to great his amount. account anxiety. of Nugeut, the had Germanin ns with If was he n the E. M. Douglass Bank, sald In conversation talk of the city had been National reporter: four or five It years has been past that Nugent & Co. Cashier of UPHELD the Mechanics' BY in BALDWIN, the Bank y bank. Baldwin He Secre- was spoken was practically of Tellers, by everybody. raised as Oscar. President, 1 and do everything not think tary, referred and to him. inconvenience No, to other inwas will cause any only firm seriously suid this think the Co. It is convenienced Is they have creditors If this is cents on the this banks. morning true, 1 that I doubt Nugent If their & dollar." belloved suspended, Cashi and. get statement been moro than 25 When nsked whether that he all the loaned amount to Haldwin's from the bank Douglass sald: & Co. was made than probable Nugent withdrawn not. Baldwin It true, Is more some-weekly the visits sum "I to do Wall street, and nino-tenths of wassunk that fully he abstracted eight or from the bank in which stock speculation." GEORGE WILKINSON, National of the Manufacturers' President of the President Bank, and John 11. Bank, Kase, corroborated course what Second National said. Mr. Kase said, "I do In the not think Douglass averation: involved as of & Co. are so people Nugent further would like to have henvily that he was believe. noti than Baldwin morning for more to the and he elid the debted Nugent said $220,000, this Mechanics Bank assets not to proposo Me $200,000 or his entire compelled to chanies' Bank: he creditors, make an with all resume business to turn over terms assignment, that. If lie was his would do 80 but on equitable hoped to be able to that he two. in a week or ATTORNEY REASDY, Nugent & Co. DISTRICT the account of discovered that Investigating bank, up to noon the bank. on checks, he is with firm the had drawn from since Jan. 1; and of demore the than $1,500,000 find what amounts these drafts. found and endeavoring pasils have been to deposits made amounting to meet to $150,000 In 110 September had the October. reporter, and had he a svoke rope Kenshy to Nugent has now I have around around very earnestly: the Cashier's his, and neck 1 intend but to draw It was tight." one counsel for Nugout blank said his drafts client them at the up The habit of leaving Cashier filled them in bank. the and that to the sult himself, and used to In with Wall amounts NUGENT'S street speculations. DRAPTY you 19881. Kensby of drafts States following bank during 1881: Drafts. night United makes and deposits the by Nugent in the Deposits Octobur. $255,100

3. November 3, 1881 New-York Tribune New York, NY
Article from New-York Tribune, November 3, 1881

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THE EXCITEMENT DIMINISHING. MUCH DOURT STILL FELT AS TO WHAT BALDWIN DID WITH THE MONEY-THE SUSPENSION FOLTOWED BY THE FAILURE OF A NEWARK MERCHANT-ACTION OF THE DIRECTORS OF THE BANK. signs of excitement fall National The of outward the Mechanies' Bank over of the Newark downhave almost disappeared. Occasionally two or three would form a front of the building walk group of in on and yesterday the stare sideanxiously at the modest little piece of white paper pasted on the closed iron doors, on which was written the first thrilling announcement of wreck and ruin, or look up at the stone arm and hammer thrust from the wall, which, in the light of the recent disclosures, seem a satire on honest toil, It's the poor people who make the money," said one workingwoman to another as she eyed this symbol of industry, an' it's the big bags who git it." The other nodded assent. Then a who was passing was asked if he thought man it was safe let money remain on deposit in certain other bank which she named. She said that by hard work in twenty years she had saved $500. On being advised to divide her account between two or more banks she started off, saying that she would act at once on the advice. At another time an old colored woman waved her umbrella at the bank and said that she was going home to advise her to put his money in an iron box and bury it under son rocks, where it would be safe from dishonest cashiers. DID BALDWIN USE THE MONEY IN SPECULATION Within the bank the examiner and his assistants were still busily engaged in turning over books a papers, but on inquiry little could be ascertained of the probable results of the investigations. Various rumors of the amount of the embezzlement were afloat through the day. One of them was in effect that the amount would reach three and a half millions, but this report was not generally credited. Some, however, shrugged their shoulders and said that they would be surprised at anything. The statement by the cashier that the whole amount of the deficit was absorbed in the morocco business C. Nugent & Co. still continues to be the subject of of much discussion in business circles, and the opinion seems to be growing that some of the money was lost inspeculation. Itis well known that Baldwin intimately associated with a young broker in New. ark no had a business connection with a inent stock firm in this city. He was in the prom- habit of frequenting the young broker's office, and on his own admission he had engaged with him in some transactions in Newark stocks. What is hard to believe is that so large an amount was absorbed by the Nugent firm. It was learned, however, on good authority yesterday that the bezzling cashier was the financial agent of the mo- emrocco house, was 80 regarded by the clerks employed by the firm, and made a practice of going to Nugent's office nearly every morning. That these facts never reached the ears of the directors, and that no suspicion was aroused by them is one of the mysteries of the case, especially as many have long been unable to understand C. Nugent Co.'s method of doing business. There & has yet been no denial of story that the two men frequently met in a Market- the st. beer shop to discuss their business affairs. This place, which is within a stone's throw of the rocco factory, is said to have had an increase mo- of patronage since it has become known as the rendezvous of the conspirators, many asking the barkeeper to point out the particular table at which they sat. HOW THE TRANSACTIONS WERE particulars were learned of Additional CARRIED yesterday ON. the manner in which the fraudulent transactions were carried on. Checks were drawn up by the cashier and signed by Nugent for the amount necessary to make up the difference between notes falling due and moneys received. These checks weredrawn on certain firms in this city-most frequently and the leather & Anderson. Then the Pickard come Martin & Runyon, cashier house would on of to New-York and inform these firms that drafts for so much had been drawn on them, and that as no such amounts in their hands to Nugent's credit he would were them checks on the Mechanics' Bank of New-York give or upon the Mechanics' National Bank of Newark. This, it is said, has been systematic method of procedure for years. "The fact of the cashier of the largest banking institution in New-Jersey." said one yesterday, "packing to New-York every day or two to make deposits to meet drafts should have excited the BUSpicion of the most credulous. The spectacle is almost ridiculous." A MEETING OF THE BANK DIRECTORS. A meeting of the directors was held at O o'clock yesterday morning, at the house of President Halsey. There was much speculation as to what the object of the meeting was, as the directors when approached on the subject refused to divalge the nature of their proceedings. All the directors were present except Lewis Grover and Colonel Wright. One of the directors, when questioned. said that he had made a calculation of the assets and liabilities the bank and that he had been led to the conclusion of that the depositors would ultimately meet with loss. Other directors say that they cannot express no any opinion until the exact condition of the bank has been made known by the examiner. So far as could be ascertained yesterday the majority of the directors is still disposed fully to credit the statements made by Cashier Baldwin. They are also hopeful that a large proportion of the deficiency may be made up by gaining possession.of the Nugent property. G. A. Halsey spent the greater part of the day in this city yesterday, but he did not say that his visit was in the interest of the bank James F. Bond, another director, when asked if he credited the report that Benjamin Stites, the the accounts with other implicated in the tions, thought clerk who said to kept that be dishonest banks, transac- was he had no reason, to believe that was true. He did not believe the assertion that the clerk was missing; it was understood that he was confined to his room with rheumatism. which frequently incapacitated him for business for weeks at a time. Later in the day it was learned that the meeting of the directors was for the purpose of person name to the Controiler of the at Washington to for deciding Currency on receiver. The name decided on. it

4. November 5, 1881 The Daily Gazette Wilmington, DE
Article from The Daily Gazette, November 5, 1881

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NEWARK'S BROKEN BANK Marchbank, the Former Corresponding Clerk Arrested. NEWARK, N. J., Nov. 4.-Henry B. Marchbank, formarly corresponding clerk of the broken Mechanics' Bank, was arrested at his residence in Belleville this morning and brought before United States Commissioner Keasby. He is charged by the United States Dis trict Attorney with having robbed the bank of $50,000. Cashier Baldwin knew of the crime and drove Marchbank out of the bank. Baldwin was afraid to make the matter known lest his own villainy would come out, and he managed to hoodwink the Directors, who had heard rumors about it, by telling them that Marchbank's friends and he (Baldwin) would make the deficiency good. The bail in Marchbank's case has been fixed at $10,000. He IS now trying to find bondsmen. He is a prom. inent churchman in Belleville, and was recently nominated for Member of As. sembly by the Republicans, but he de. clined to run. This new revelation. has greatly strengthened the growing belief that Baldwin still lies, and that Nugent is not at all as bad as painted by Baldwin. Marchbank said yesterday that all his property is gone. An old resident of Belleville said : "Marchbank has bought a great deal of real estate. He says his house and grounds cost him $16,000. I suppose the house is worth $5,000. A week ago he paid $1,000 for land, and this year he bought of Mr. Coddington two acres. Mr. John East vood, the wealthy manufacturer of Belleville, said to me on Tuesday : "Marchbank has been a mystery to me. He has employed three men in his garden, and for years lived beyond his salary as a bank clerk. He was corresponding clerk. There is significance in that fact,' Marchbank has kept a horse, and nas flourished around lively."

5. November 7, 1881 New-York Tribune New York, NY
Article from New-York Tribune, November 7, 1881

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THE NEWARK BANK TROUBLES. District-Attorney Keasbey, of Newark, started for Washington on the 10 o'clock train last night. Before starting he told a TRIBUNE reporter that he would be represented at the examination in the case of Baldwin before the United States Commissioner this morning by his assistant. The examination would be confined to the investigation of the books and papers of Martin & Runyon, stock brokers of this city, who had been subprenaed to produce them, and then an adjournment would be asked for one week. It was necessary that a preliminary examination of these books and papers should be made in order to proceed with the examination of Baldwin. It is not probable that Baldwin will be present at the examination. Nearly all the pas or8 of Newark churches made allusion, in their discourses yesterday, to the rnin of the Mechanics' Bank and the downfall of the cashier. It has been stated that seven years ago Baldwin was offered the position of cashier of the Mutual Benefit Life Insurance Company of Newark, which offer he declined when the Mechanics' Bank raised his salary. It is now stated that a year ago the Third National Bank of New-York wanted a cashier. The name of Baldwin was proposed to the board of directors, and as most of the bank officers knew Bald win and regarded him favorably, a committee was appointed as a necessary preliminary to consider his qualitications with those 01 other men proposed for the position. As a result of th inquiries made by the committee a report was adopted, and against Baldwin's name stood the words: Too much outside business." When Receiver Frelinghuysen was informed by ex-Judge Teese, counsel for Christopher Nugent, that he had instructed his client to refuse the proposition made by the receiver to turn his property over to a third person while the books of the concern were being examined, he instructed United States District-Attorney Keasbey to apply for an injunetion and a receiver. The District-Attorney drew up the papers. Judge Nixon granted au order against Nugent & Co. to show cause at Trenton, on November 22. why the injunction should not be issued and a receiver appointed. A temporary injunction to prevent the concern from transferring or disposing of its property was granted.

6. November 8, 1881 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, November 8, 1881

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Busted by the Mechanics' Bank. NEWARK, N. J., November 7.-Another failure occurred to-day, resulting from the bank failure. Hanson & Vanwinkle, wholesale dealers in chemicals, having an office at 92 Liberty street, New York, no. tify their creditors that they are unable to meet obligations, and will soon offer terms of a compromise, The United States Court, besides order. ing the rule to show cause why a receiver should not be appointed for Nugent's factory, has this morning also appointed E. N. Miller provisional receiver to take charge of affairs.

7. November 9, 1881 New-York Tribune New York, NY
Article from New-York Tribune, November 9, 1881

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LOCAL MISCELLANY. THE NEWARK BANK AND ITS CASHIER. ARE THE DIRECTORS PERSONALLY RESPONSIBLE?CONSIDERATION FOR BALDWIN-HIS STOCK SPECULATIONS. Yesterday being a legal holiday, the Mechanics' Bank of Newark was closed and the investigation of the accounts suspended. Baldwin, the cashier, has not appeared outside his house since the bank suspended, except when he attended the examination before the Commissioner on Monday. On that occasion he was permitted to occupy a private room and extraordinary precautions were taken, when he was brought before the Commissioner to sign the bail bond, to exclude reporters and outsiders, in order to spare his feelings. A lawyer remarked: "I cannot understand why 80 much elaborate considera- In tion is shown this phenomenal criminal." Newark, this consideration for Baldwin and the fact that such a comparatively small amount of bail should have at first been taken have caused a good deal of comment. Since the excitement which followed the bank failure has subsided, people have begun to consider the responsibility of the directors civilly. The fact is recalled that among all the financial institutions of the city that have suspended or been ruined by reckless or dishonest management not a single director has yet been compelled to make good any part of the losses incurred, further than the forfeitures on whatever stock he might hold. In one case, that of the New-Jersey Mutual Life, the directors divided themselves a guaranteed of $100,000. and this they were had capital up among receiver afterward compelled to repay to the in open court, in proportion as they had received it. In the case of the directors of the First National Bank, who were indicted for signing the statements of the bank knowing them to be false, it is probable will be had when the case comes to the decision of Judge in the trial of of the false character a trial, that guilty United acquittals under knowledge States Court, Voorhees, Nixon, of the of state- that case the ment mus be proven and not inferred. In of the directors of the Mechanics' Bank, although criminal proceedings are impracticable and have not been thought of, the opportunity is sought to base a civil action for recovery against "them. Yesterday a Newark lawyer said that $50,000 of the stock was ready to go to the Chancery Court against the directors. He remarked that he had charge of a trust fund and had invested it in the stock and might be held liable for the investment; that the directors of the bank were also trustees, and liable as such for their faithfulness and vigilance. There has also been a good deal of talk about transfers of stock. While some directors lose heavily in stock, others are reported to have come off with light losses. The stock, paying 12 per cent dividends, was & desirable investment. and when the credit of the bank stood high it could not readily be bought even at an extravagant premium, Andrew Kirkpatrick, of counsel for Nugent & Co., applied to Receiver Frelinghuysen for permission to examine the list of stock transfers. The receiver declined. Mr. Kirkpatrick then asked to see the stock book, and added that, as a stockholder himself, he had a right to see the book. This request was also refused. The names of the stockholders and amounts of stock will be published by the receiver in accordance with the law, but this will not show any transfers that may have been recently made. On Monday a brief advertisement appeared in a Newark paper calling upon owners of Mechanics' Bank stock to communicate confidentially with the writer. As such stock can have no value except in the contingency of the reorganization of the bank, which, it has been stated, the directors contemplate, it is assured that either the object is to get hold of the stock on favorable terms for this purpose or to procure concerted action among owners of stock outside the bank management for some contemplated purpose. Receiver Frelinghuysen has appointed Isaac Lewis, an expert accountant of Paterson, to assist him. Mr. Lewis made the examination of the First National Bank under Receiver Hobart. Cashier Baldwin has informed the counsel for Nugent that his only operations in the stock market successful, were through Martin & S. Scott & Co., Runyon, which were George Knapp Martin & Peabody, & Co. Runyon & Boole, and Lemasserd, Baldwin remarked that he kept back the names of no brokers. The statement has little credence in Newark, where Baldwin was frequently seen in close conference with operators, and where telegraph messages passed constantly between the Mechanics' Bank and the office of a broker in the same block.

8. November 10, 1881 The Canton Advocate Canton, SD
Article from The Canton Advocate, November 10, 1881

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$000,000 and to put the bank in condition for business But the cashier responded that two million would not do it. The directors then decided to suspend business at once. The bank' last statement, issued in October. showed liabilities, as follows: Capital stock. $500,000; surplus, $400,000 national bank notes, $445,009 divi dends unpaid, $3,962: deposits, $2,417 215; certified checks, $63,407 cashier check, 366; due other national banks $134,842; due state banks, $70,912 The following is the board of directors Jas. A. Halsey, Oscar L. Baldwin Stephen H. Condict, George A Halsey, Louis C. Grover, James F Long, Herm Clark, Henry C. Howell, Joseph L. Hester Jos. A Halsey is president and Oscar L. Baldwin, cashier The last named officer was considered responsible for the trouble. The news came like a thunder-clap on the community. There was not a suspicion that the institution was not the strongest in Newark. The directors have been considered the most trust worthy body of men in the city, and the reputation of Baldwin as a financier, probably stood first in the state. The bank is closed to all commerce and no official facts have been made known be yond a report of the arrest of Baldwin on a charge of embezzlement and sending for the government examiner The Newark correspondent of the bank was of the Mechanics bank of New York. That institution lost nothing. Baldwin called at this bank Saturday and wished to withdraw some securities he had pledged, but this was not permitted and his inability to get hold of them have forced the discovery of the rottenness of his bank. The firm of Nugent & Co. has suspended. The concern was involved with the broker bank. Other failures are expected The defaulting cashier has long been both esteemed and liked in Newark, and his fellows in office in the other Newark bank seem to be as much grieved as surprised. This is saying much, since the surprise is simply boundless, as one prominent citizen r marked: "He would as soon hear that one of the churches were turned over and standing on the tip of spire. While Baldwin was making statement to the directors, Sunday confessing his own guilt, the bells on Trinity Episcopal church, of which he was a member and to which he had subscribed liberal were calling faithful to worship. Little, indeed, did Bald win's old church friends think as they sat in church last night, that one of their leading lights was at that moment confessing himself a thief. It seemsthat Baldwin was at one time trustee of a prominent Newark savings institution, which deposited in the Mechanics bank Through some misunderstanding he signed and the savings bank withdrew ther account from the Mechanics, thus guarding against the present failure. At the Newark Mutual Benefit Insur ance Co., in New York, of which Baldwin is trustee, excitement is intense The president of the company left for Newark immediately on the receipt of the news. The company is under stood to be involved quite heavily. One of the officers of the insurance company said they had never before experienced such a shock. Baldwin was a man of unimpeached character. He is married and is the father of four children. In social circles he was regarded as one of the leaders, and his reputation as a financier was unexceptional, Baldwin positively refuses to see anybody with the exception of his personal friends. To persons calling his house his son answered that his father being sick he could not see any body, especially no reporters. Bald win's wife and his children two boys 15 and 6 years old, and two girls 11 and 8 years old, stayed at his bedside all day Baldwin said to a friend, "I am guilty and willing to go to the penitentiary. At o'clock United States Commissioner Keasby and the district attorney called at his house, together with a short hand re porter and ex-Judge Titsworth, Bald sattorney Baldwin positively de nied that he had used any of the funds of the band for private speculation of and said "Since the organization the bank, the firm of C. Nugent & Co. have been among their principal customers. Since 1873, that firm have made irregular loans, and without the knowledge of the board of directors. Nugent compelled me by threatening to tell the directors all about it these crooked transactions to give him more money from time to time. Some times Nugent paid back to the bank $50,000 per month, but he drew more always than he paid. I hoped those years Nugent & Co. would refund these sums, knowing the firm to be very wealthy. Nugent & Co. were well aware of the fact. I used the fund book for loans made them up to date. Nugent & Co. received more than $2,000,000 our of the funds of the bank. The modus & operandi was that Nugent Co. gave checks for New York firms to pay some money to the bank from time to time, and the funds of the bank were used to pay drafts of the firm. The entries in the book are falsified so the directors thought the business of the bank was all right. Christopher Nugent, a wealthy Mo rocco manufacturer. of the firm of C Nugent & Co., was arrested this evening at his house by the deputy U. S marshal, on the charge of aiding and abeting Cashier Baldwin in embezzling funds from the Mechanics bank He gave bail for $25,000, to answer the charge. The arrest was based on the voluntary statement of the cashier in regard to the loans to Nugent. Nugent's bondsmen were Geo B. Jenkinson and James Smith, Jr. The com plaint against Nugent was made by G. United States Commissioner A. Keasby. District Attorney Keasby, in his affi davit, sets forth: 'He, on his oath, saith, that he has been informed by Jas. F. Bond, one of the directors of

9. November 18, 1881 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, November 18, 1881

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Bleak, chilly March and November are the two worst months of the year for those suffering with pulmonary diseases. Keep Dr. Bull's Cough Syrup near by, and such sufferers will be able to brave the rough weather without danger. Price 25 cents. The National Labor Congress now meeting in Pittsburgh endorses trades' unions, denounces Chinese and convict labor. and demands the repeal of the "conspiracy act." The run on the Howard's Savings Institution, consequent upon the failure of the Mechanics Bank of Newark, continues, but the officers seem cool and equal to all demands. If the mother is feeble it is impossible that her children should be strong. Lydia E. Pinkham's Vegetable Compound is a perfect specific in all chronic diseases of the sexual system of women. Send to Mrs. Lydia E. Pinkham, 223 Western avenue, Lynn, Mass., for pamphlets.

10. November 20, 1881 Arizona Weekly Citizen Tucson, AZ
Article from Arizona Weekly Citizen, November 20, 1881

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the removal because their not being Grant Renubi that such not trol His him. Grant duty the whole party A Heavy WASHINGTON, Comp. troller Knox of 100 of the Mechanics National Bank of The Body Victim Roct 17. body of the third vietim of the disaster to-day. that Henry of ing What ter General will report commend service and San York Francisco be larged shorten time the Pennsylvania Central already done. More Star Route Frauds CHICAGO 18. The Times Bannock City Montana, that the Gov paying S1 4,643 for the star routesir M ontana, on no service is performed. Tu:f Callenge 18 Charles H. New YORK, Ray match Phil. Thomp against son for $10,000. winner stakes gate money Guiteau's Trial W WASHINGTON, November 18 Long be the fore the hour nal court, ladies gentlemen ridors and admis At 9 o'clock drove Guiteau, clutching large brndi of pers his in hurriedly into the building There marked a tions the team violence the four-fifths ladies. Seoville take some prisoner prevent prisoner the and thing public the ed and represent turning their there such forty-three Know. NEW Chaffee knows plans He has Secretary Report. W Secre 18 tary the savs Gover has ment tial creasing W private ASHINGTON dispatch states Bank has closed Central Bank National Boston but continued Bank NEWARK, Depo itors in the Mechanics Bank, it under stood, have unter the directors and F Butler and Roger NEW The B ton bank the Pacific of eight paid small then through The trouble. by the which it was member. COLUMBUS terday caught voting ings. ment heating all from the perint the fire could have originated, and firmly ting the strange men bilfered the rooms, taking could lay loss amount W ley Brown Mrs. Garfield, Arthur, has papers of Garfield Making Penal Colony 19. The United State named Dunko and will atten tion of the LITTLE Rock, uber 19. Boge Jackso Hamburg Ashley murthe der of Ben Jordan noted desperado, two three or to the for one which he was executed. Dr. Hamilton Testify NEW YORK, November 19. Dr. Hamilton, Garfield surgeon. has been summoned as witness in the Guiteau trial. Official Count HARRISBURG 19. Official vote for State Baile 265,295; Noble 258,431 49,994 14,976; Wilson, 4,507 Plurality for Bailey, 6,864 The Memorial Hospital Fund. W ASHINGTON, N. vember 19 The Garfield Memorial Hospital Fund now lighty

11. November 28, 1881 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, November 28, 1881

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CONDENSED DISPATCHES. James Doran was found frozen to death at South Groverland, Mass., Saturday, A. M. He was 40 years of age, a wool sorter in Wales factory. It is stated he was stupefied with liquor. Saturday afternoon David R. Belton of Watertown, N, Y., attempted to escape from the penitentiary and was shot. A receiver has been appointed of the factory and property of C. Nugent & Co., of Newark, N. J. The works will continue operations. The directors of the Mechanics' Bank of Newark, N. J., hope to revive the bank. A receiver will probably be appointed for the Pacific National Bank of Boston. Secretary Folger has not vet decided what action he will take relative to the outstanding bonds. The Secretary is still engaged in considering the bond question, consequently he cannot indicate when he will issue circulars bearing on the subject. At all events he will do so today. Postmaster Pearson is notified from San Francisco that mails from Shanghai, Oct. 26, Hong Kong, Oct. 29, and Yokahama, Nov. 9, are due in New York for early morning delivery, Dec. 2. At St. Albans, Vt., Saturday, Chancellor Rice, in the case of Langdon vs. Vermont & Canada Railroad and others entered a pro forma decree of foreclosure against the Vermont Central Railroad Co. first and second mortgage bondholders, and Vermont & Canada Railroad Co. in favor of the trust bondholders. Fire, Saturday morning, at Farmington, N. H., damaged the frame building occupied as a store and hall for lodges. Loss $3,000; insured. Mrs. Small's millinery stock was damaced by smoke and water; insured for $1,200. which, it is thought, will cover the loss. The lodge property was damaged considerably, although the books were saved; insured. John Pedrick who was run over by a freight train on the Eastern railroad a week ago died at Salem Hospital Sunday morning. The Central National Bank of Boston have received an official order from Comptroller Knox to increase its capital stock by addition of half a million. The commission as Rear Admiral to Com modore Beaumont, commandant at the Portsmouth Navy Yard, has been received by him and the flag of Rear Admiral is hoisted at the yard. The tops of the cars which arrived in Washington, D. C., from the West Saturday morning, were covered with snow from the Alleghanies. Ice has already formed in Washington, and a despatch from Norfolk, Va., says that there was ice an inch thick there on Friday, which is somewhat unusual for this portion of the year. Some 50 members of the House of Representatives have reached Washington since Thanksgiving. The contest for the Clerkship has not fairly opened. Mr. Rainey (the colored ex-Congressman from South Carolina) think the republicans should give it to him, as he was their last caucus nominee. The codfish receips at Gloucester. Mass., last week were 61,000 pounds of Georges, 20,060 pounds Bay of Fundy, 20,000 pounds off-shore. The receipts of fresh halibut were 60.600 pounds. The shore fleet landed some 100,000 pounds of hake, 20,000 pounds of cusk. The other fish receipts were 67 barrels of mackerel (the last catch of the season). 53 barrels of spurling. 800 quintals of cured shore fish, about half haddock and the rest hake and small codfish. The market is moderately active for the season and prices unchanged.

12. December 4, 1881 The Dallas Daily Herald Dallas, TX
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Affairs of the Newark Bank. NEWARK, N. J., December 3.-Counsel for the directors of the Mechanics' bank announces that the directory yesterday agreed upon an agreement of re-establishment of the bank, and to raise funds with a view to an honorable adjustment of all claims of stockholders, depositors and other creditors. Partieulars will shortly be made known. The receiver of the bank says that if the arrangement would into efgo fect it would cost the directors more than one million dollars, and would result in saving the bank. From several sources it is learned that the stockholders will probably lose the value of stock, and that depositors will receive a small per cent. except those amounts that are under twenty dollars.

13. December 4, 1881 Knoxville Daily Chronicle Knoxville, TN
Article from Knoxville Daily Chronicle, December 4, 1881

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NEW JERSEY. NEWARK, N. J., December 3.Chancellor Rumzon has refused to grant a writ of error in the case of Kenkowski, the Hudson county murderer. The counsel for the directors of the Mechanics' Bank announces that the directors yesterday agreed upon a scheme for the re-establishment of the bank and to raise funds with a view to an honorable adjustment. of the claims of stockholders, depositors and other creditors. The part culars will shortly be made known. The receiver of the bank says that if the arrangements would go into effect it would cost the directors more than one million dollars, and would result in reviving the bank. From several sources it is learned that the stockholders will probably lose the value of the stock, and that the depositors will lose a small per centage, except those to whom amounts under $200 are due.

14. December 4, 1881 New-York Tribune New York, NY
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- OF are depositors and other reditors. John W. Tavlor, counsel for the diectors, was authorized to take the necessary steps , bring about the revival of the bank and the setlettent of its debts. Yesterday the directors were eticent in regard to the matter and referred all inuirers to their counsel. I: was learned that George . Halsey, a director. had gone to Washington, and t was presumed that his mission was to see Conroller Knox, although a director stated that there as no need for such a visit just now. he propos tion of the directors contemplates the avinent in full of all the small deposits-sav $200 nd less amounts-and payment of 75 per cent to 11 other depositors. The calculation has been that etween 50 and 60 per cent would be recovered to he depositors by the receiver's proceedings, and the proposition 18 in lieu of this. The condition is that he depositors and other creditors discontinue all egal proceedings, that all must agree to the proposion. and that it shall receive the approval of the on roller. The stockholders will be relieved simly of the assessment upon their stock, but will lose 8 value. A paper was drawn up by the counsel of he directors embodying the terms of the been to the directon, and this has agreed by all proposirs, five of whom have already signed it. By this greement, also, the direct pledge themselves to abscribe certain stipulated amounts (said to be 750,000 In all) to meet the required payments. Of this sum, Stephen H. Con1ct and Joseph A. Halsey have put their names own or $250 000 each. The next highest for Circulars be to igned is $70,000. will issued amount tockholders and depositors, giving them sixty days' time to make their responses. If the proposition is ccup e.l. it will be then submitted to the Conroller. The idea entertained in reviving the ank is to extinguish the present stock and open subscriptions for new stock. As the matter stands I present, the depositors are assured of getting 50 or cent if the Nugent property can be secured by he receiver: and they are not estopped from civil uits to recover the remainder of their deposits. DIVIDED ON THE QUESTION OF PAYMENT. The township of Kearny, N. J., is hopelessly ivided over the question of paying about $150,000 I bo ids which were issued by the township in 1868 , aid in the construction of the Montelair Railway. 'he village of Arlingt 11 was laid our at that time y a company of speculators, and it was through ein influence that the township, in which the vilwe lies, was persuaded to issue the bonds, The otal issue was $100,000, and the bonds were payble in yearly instalments of $5,000, the last instalent to fail due in 1890 The principal and iterest now amount to $140,000. but as the olders were obliged to sue for their payment he expenses of litigation amount to about $10.000 lore. The suit developed the fact that the bonds ere issued without due authority, but it was held hat as they had passed into the hands of ipnocent ersons they must be paid. The residents of the ower part of the township and their representative 1 the council oppose the payment for the reason hat the railroad has been of no benefit to them. 11 the other hand. the residents of the upper part re willing, but not able to pay, and they favor a compromise; but their opponents will consent to othing short of repudiation. The holders of the ouds, the Bond Street Savings Bank and McCnibugh, Wats 11 & Co., of New-York, threaten to pply 10 he courts for a mandamus to compe the ouncil to levy a special tax on the township to ay the judgments. They offered to accept new onds at 6 per cent interest, but the council reseted the offer. When the resignation of Lewis C. Grover as presdent of the Mutual Benefit Life Insuran ce Comany of Newark, was aunounced, some time after is failure of the Mechanics' Bank, of which he was , director, a good deal of surprise was occasioned. t was stated at the time that Mr. Grover N resigna1011 was entirely voluntary, and had been caused y ill health. It is now stated upon good authority hat Mr. Grover's resignation was not entirely volintary. The day following the suspension of the Mechanics" Bank a reporter of THE TRIBUNE had an interview with Mr. Grover, who expressed very reely his opinion of Baldwin. The latter read Mr. Grover's expressions in TRIBUNE, and, becomng incensed, it is stated. sent a threatening quest o Mr. Grover to resign the presidency of the Muual Benefit. The request, it is averred, was backed p by Baldwin's knowledge of loans to the Mebanies' Bank of which Mr. Grover knew.

15. December 5, 1881 The Portland Daily Press Portland, ME
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The Broken Newark Bank. NEWARK, Dec., 3 -The following annoucement has been written for publication by John W. Taylor, council for the Directors of the Mechanics Bank: "We are credibly informed that as the result of voluntary efforts which have been making since the failure of the bank, the Directors yesterday agreed upon a scheme for the re-establishment of the bank and to raise a fund with a view to an honorable adjustment of the claims of stockholders, depositors and other creditors. The particulars will shortly be made known." Mr. Taylor left for New York before the announcement was sent out. The Receiver of the bank said he could only say that the arrangement would go into effect. It would cost the Directors more than a million d ollars and would result in reviving the bank. Inquiry of the representatives of Hon. George A. Halsey in this city elicted the information that be had gone to Washington to make the arrangements for the resumption of the bank with the National authorities. Director Stephen H. Condict positively declined to make & ny statement until he had consulted Mr. Taylor and his fellow directors. The arrangements were not so far advanced, he said, as to permit a definite statement. From other sources it is learned that the stockholders will probably lose the vulue of the stock, and that depositors will lose a small persentage, except those to whom amounts under $250 are due.

16. December 6, 1881 Chicago Daily Tribune Chicago, IL
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The Mechanics' Bank of Newark. PHILADRLPHIA, Dec. 5.-On motion of counsel for the Receiver of the suspended Mechanics' Bank of Newark, the Court of Common Please today dissolved the attachment issued by the Farmera' & Mechanics' Bunk of this city against the monoy and securities deposited in the Phil. adelphia National Bank belloved to belong to the Newark bank. The attachment was dissolved on the principle of law that the funds of the Institutionlin the bands of the Receiver are not liable to attachment, and that although the Receiver's appointment may not have been made at the time of the susponsion of the Institution, It dates back to the time of the suspenaion.

17. December 14, 1881 The Portland Daily Press Portland, ME
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The Broken Newark Bank. NEWARK, N. J., Dec. 14.-The directors of the Mechanics bank announce this afternoon a plan has been agreed upon for settling with creditors and reviving the institution. They propose to pay depositors of sums exceeding $200, excepting corporate depositore, 75 per eent. besides the pro rata of whatever shall be hereafter recovered from the Nugent property. Depositors of less than $200 are to be paid in full. The stockholders will receive full amount of assessment they fare required to pay, which is equal to the stock they hold., upon assigning their shares to some one appointed by the directors, so that they will lose the stock but be relieved of paying an equal amount to the receiver. Depositors and stockholders are requirered to signify their consent within sixty days and release the directors from all further demands, in which case settlements will be made he 1st of March. they do not consent the proposition becomes null. This plan is recommended by the receiver.

18. March 5, 1882 New-York Tribune New York, NY
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TWELVE PAGES. THE NEWS THIS MORNING. FOREIGN. - The London cable dispatch to THE TRIBUNE says that Bradlaugh's reelection is likely to impose fresh trouble upon the Government. Counsel was employed yesterday to defend MacLean, who shot at the Queen. Two balloonists were picked up in the British Channel by the Calais mail steamer. English correspondents have been ordered to leave Austria. CONGRESS. - The Senate was not in session. The House agreed to the report of the Conference Committee on the Immediate Deficiency Appropriation bill; the contested election case from the Ild District of Louisiana was dismissed; there was an extended debate on the Consular and Diplomatic Appropriation bill. DOMESTIC. - The Grand Jury at Washington presented indictments against twelve persons for conspiracy in connection with the Star Route mail service. Much distress is caused by the spring freshets. Justice Miller, of the United States Supreme Court, has rendered an opinion on the rights of express companies. An anti-Chinese meeting was held in San Francisco yesterday. Alice Wright, an actress, committed suicide. CITY AND SUBURBAN. - The walking match closed last night, Hazael having completed 600 miles; Fitzgerald was second with a score of 577 miles. Francis S. Lathrop died at his home in Madison, N. J., yesterday. The Senate Committee on Insurance held its first meeting. George Hendrix was discharged, but was rearrested on civil proceedings brought by Mr. Field. Charles F. Jube, the son of a wealthy merchant, committed suicide. The receiver of the Mechanics' Bank in Newark will sue S. H. Condict for $700,000. The Railway Advisory Commission will meet to-morrow. Gold value of the legal-tender silver dollar (412½ grains), 87.44 cents. Stocks were generally dull, but active in spots and lower, and closed weak and unsettled. THE WEATHER. - TRIBUNE local observations indicate clear and fair weather, with higher temperatures, followed by increasing cloudiness and chances of light rain late in the day. Thermometer yesterday: Highest, 52°; lowest, 32°; average, 41¾°.

19. March 10, 1882 New-York Tribune New York, NY
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LOCAL MISCELLANY. STEPHEN H. CONDICT REARRESTED. Stephen H. Condict, a director of the Mechanics' week Bank of Newark, who was arrested a National on a charge of aiding and abetting Cashier Baldwin ago in his embezzlements and held in $50,000 civil was rearrested yesterday morning on a bail suit bail, brought by Receiver Frelinghuysen, and fixed at $250,000. The suit is for the recovery bank of was $700,000 alleged to have been lost by the after Condict became aware of its condition. For a week since Condict was held to bail on the criminal charge, his house in Park-place, Newark, It has been watched day and night by a detective. was apprehended that Condict would seek to leave the city and forfeit the bail given. It was deemed prudent to secure him by a larger amount of bail in of the civil proceedings be un last Satur- laws day view by the receiver. Under the of the United States, it was not possible to secure a writ of ne-exeat except on positive proof that he was about to depart suddenly from the country. It was, therefore, determined to discontinue the receiver's suit in equity, and to begin a suit at common law for damages, which would allow the judge to hold the defendent to bail in such sum as he might deem advisable. On Wednesday District-Attorney A. Q. Keasbey and John R. Emery, counsel for the receiver. procured the necessary affidavits and submitted them to Judge Nixon, who granted an order holding Condict to bail in the sun of $250,000. The writ was given to United States Marshal Hutchinson, who'placed it in the hands of a deputy who made the arrest vesterday morning. The affidavits are by the receiver and Director James F. Bond. The receiver's affidavit sets forth a history of the case substantially as given in his statement contained in the bill of equity and already published in THE TRIBUNE. The receiver also asserts that Condict has disposed of part of his property with intent to escape his liability. James F. Bond deposes that Condict had for a long time been very attentive to the affairs of the bank and knew more of its business than any other director, and that he had given no information whatever that he had received any information as to anything wrong in its affairs. Mr. Bond's affidavit states that when the plan of compromise with the depositors was being matured, Condict came to his house and requested him to put down his contribution ($250,000), remarking that it was one-half of all he was worth. Mr. Bond adds that he has ample means of knowing Condict's financial condition, and believes that he was worth much over one-half a million. Condict was given until this morning to produce his bail, and in the meantime was permitted to remain in his house in the custody of a United States Marshal. His counsel are Cortlandt Parker and Leonard Joseph Bedle. In the United States Court at Trenton on Wednesday a bill was filed by Cortlandt Parker, counsel for Edward Balbach & Son, against the receiver of the Mechanics' Bank in a suit to have the plaintiffs' notes, which the bank had hypotheeated in New-York and which the plaintiffs have already paid. set off against their deposit. and to have a check, which had already gone to plaintiffs' credit when the bank tailed, returned to the firm. Yesterday a declaration was filed in the Court in the suit of the receiver against Daniel Dodd, Phineas Jones and Matthias M. Dodd, bondsmen of Cashier Baldwin, to recover the amount of their bond, $20,000.

20. May 3, 1882 New-York Tribune New York, NY
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ANXIOUS TO GET MR. CONDICTS MONEY. A conference was held last night at Newark, between the Mechanics' Bank directors, the Receiver of the bank, Stephen H. Condict and counsel, relative to the settlement of the bank's affairs. The persons present declined to divulge the proceedings of the meeting. Attorney Keasbey said last night to a TRIBUNE reporter that there was no longer any use in concealing the fact that Condict had been indicted for conspiracy in declaring illegal dividends, and in aiding in falsification of the bank's books. He thought that if he made Condict pay $250,000 he would better subserve the interests of all concerned than if there was a stormy trial, and he sent Condict, perhaps. to the State Prison. He added that the matter would be adjusted in a few days.

21. May 4, 1882 New-York Tribune New York, NY
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THE MECHANICS' BANK OF NEWARK. The trustees of the fund of $750,000 subscribed by the directors of the Mechanics' Bank of Newark to pay the depositors, met yesterday and arranged to pay the money to the creditors and stockholders, under the direct rs' agreement, on May 16. The agreement of the directors provides that all depositors of less than $200 shall be paid in full, and all other depositors, except corporations, be paid 75 per cent; that whatever may be realized from the Nugent estate shall be divided pro rata among all deposit ors, and that corporations shall receive the receiver's dividend of 55 per cent in addition to a share in the proceeds of the Nugent suit. The stockholders will receive back the 100 per cent assessment on stock levied by the receiver. Yesterday the receiver sent to the Controller checks for a 10 per cent dividend, which will also be paid on May 16. It has been determined to start the bank again immediately as a new institution. The old building will be occupied by the new bank. The indictment against Stephen H. Condict for conspiracy with Cashier Bald win in defrauding the bank by delivering false dividends, and in aiding and abetting the faisifying of the books, is not likely to be taken up. The conference of the directors with District-Attorthey Keasby, Mr. Condict and the counsel representing the various interested persons, which was held on Tuesday night, was prolonge.1 to nearly midnight, and was the last of a number of conferences held in consequence of Mr. Condict's subscription being withheld because of the criminal indictment. From the admission of the District-Attorney, it is believed that Mr. Condict's scraples were overcome by a guarantee that he would not be criminally prosecuted if be paid the amount of his subscription.

22. February 20, 1884 Connecticut Western News North Canaan, Salisbury, Canaan, CT
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# NEWS OF THE DAY GENERAL ITEMS. -Theodore F. Baldwin, late paying teller of the Mechanics' Bank, of Newark, N. J., obtained a verdict in his favor in a suit brought against him by the receiver of the bank to recover fifty thousand dollars. -It is announced that only seventy-five miles of rails remain to be laid on the Mexican Central Railroad. -Six thousand Dakota sheep, belonging to the Marquis de Mone, have died suddenly; poison suspected. -The Harvard faculty have adopted the resolutions prohibiting the employment of professional athletes or contesting against professionals. Yale still holds out. -Another tragic act in the Uhler-Haverstick-Conkling drama culminated in the suicide of Mrs. Uhler, in New York city. A week ago she engaged a room in a Twenty-ninth street boarding house, entered it and went to bed. She refused to eat anything. On Wednesday night she was discovered in a dying condition, having taken, it is supposed, an overdose of morphine. An ambulance was hastily summoned and she was hurried off to the New York Hospital, dying three minutes after arriving there. Her existence has been a miserable one for some time. -The ruin at Louisville, Ky., by the floods, was something appalling, the high wind at midnight of Tuesday dashing the floating houses against each other and causing much consternation. Active measures are being taken by the government and by various cities to relieve the suffering. -Lieutenant Rhodes, of the revenue marine service, has been promoted for his gallant conduct on the occasion of the disaster to the City of Columbus. -A train on the Southern Central Railroad dropped through a bridge into the Seneca River at Weedsport, N. Y., and the engineer, fireman and brakeman were drowned. -A cyclone which passed over the northwestern portion of Georgia resulted in loss of life and extensive damage to property. -In the case of Evan D. Hughes who died from the effects of ill treatment received in the New York State Lunatic Asylum at Utica, the Coroner's jury rendered a verdict against three of the attendants, two of whom were subsequently arrested on warrants. -The Western Nail Association at Pittsburg, Pa., reduced the card rate from $3.40 to $2.60. -Nine men charged with making and circulating counterfeit money were arrested at Louisville, Ky. -Mexico has formally signified her intention of being extensively represented by products, etc., at the proposed New Orleans Exposition. -The subsiding floods have left parts of Pittsburg, Wheeling and other Ohio River towns in deplorable condition. Much suffering is reported and more anticipated. -Telegraph companies in Washington have been directed to place all their wires underground. -The old war ship New Orleans which has been on the stocks in Sackett's Harbor since 1815, and has been undergoing demolition the past three weeks, parted directly in the center and fell to the ground, instantly killing a workman and seriously injuring a number of others. A CATASTROPHE. A frightful catastrophe, the result of the flood, occurred in Cincinnati on Friday. About four o'clock a terrible crash was heard at the corner of Pearl and