14185. Mechanics National Bank (Newark, NJ)

View Charter #1251 on SPMC

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
1251
Charter Number
1251
Start Date
October 31, 1881
Location
Newark, New Jersey (40.736, -74.172)

Metadata

Model
gpt-5-mini
Short Digest
306af7e6

Response Measures

None

Receivership Details

Depositor recovery rate
67.4%
Date receivership started
1881-11-02
Date receivership terminated
1896-12-22
OCC cause of failure
Fraud
Share of assets assessed as good
80.9%
Share of assets assessed as doubtful
13.4%
Share of assets assessed as worthless
5.7%

Description

Cashier Oscar L. Baldwin confessed large defalcations (~$2M+). Bank suspended Oct 31, 1881. A receiver (F. T. Frelinghuysen) was appointed in November 1881. Directors later subscribed funds and arranged to revive/reestablish the bank; by mid-1882 plans for reestablishment were complete. There is no specific mention of a depositor run in the articles — failure caused by internal embezzlement, not a public run.

Events (5)
1. June 9, 1865 Chartered
Source
historical_nic
2. October 31, 1881 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier O. L. Baldwin confessed heavy defalcation/embezzlement (reported ~$2,000,000 to $2,600,000), prompting directors to suspend business immediately.
Newspaper Excerpt
Closed in consequence of statements affecting the bank made by the cashier to the board of directors yesterday, which are now undergoing investigation.
Source
newspapers
3. November 2, 1881 Receivership
Source
historical_nic
4. November 11, 1881 Receivership
Newspaper Excerpt
F. T. Frelinghuysen has been appointed receiver of the broken Mechanics' National bank at Newark, N.J.; Government examiners have been sent and a receiver will be appointed to wind up its affairs. (articles Nov 8-11 1881).
Source
newspapers
5. June 18, 1882 Reopening
Newspaper Excerpt
Arrangements are well advanced for the reestablishment of the Mechanics' National Bank, which suspended on October 31 ... The payment of the creditors ... has proceeded satisfactorily. The plan contemplated the reestablishment of the bank. ... The capital of the new bank will be $300,000 ... The name of the new bank has not yet been decided upon. (New-York Tribune, 1882-06-18).
Source
newspapers

Newspaper Articles (25)
1. October 31, 1881 Evening Star Washington, DC
Article from Evening Star, October 31, 1881

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Telegrams to The Star. SUSPENSION OF A NEWARK BANK. Heavy Defalcation of the Cashier. THE FRENCH GUESTS AT NEWPORT. UNPUBLISHED PARTS OF PARNELL'S LETTER. A Heayy Defalcation. SUSPENSION OF A NEWARK NATIONAL BANK-THE CASHIER ALLEGED TO BE $2,000,000 IN DEFAULTOTHER FAILURES EXPECTED. NEWARK, N. J., October $1.-The following appeared on the doors of the Mechanic's National Bank at 9:55 this morning: "Closed in consequence of statements affecting the bank made by the cashier to the board of directors yesterday, which are now undergoing investigation." Particulars will be furnished soon. The bank has been regarded as the strongest in Newark. The stock stood at 180. NEW YORK, October 31.-The Evening Post says: "All the rumors current agree on the point that there has been a heavy defalcation, and this is generally charged to the cashier, O. L. Baldwin, who was the active executive officer of that bank. It is said that yesterday he called the directors together and confessed to them that all that was left of the resources of the bank was its building, which is worth about $50,000. The New York correspondent of the bank was the Mechanics' National Bank of New York. This latter is one of the soundest and most conservative institutions here, and it loses nothing, being secured by good collateral for all advances made. Mr. Baldwin called at this bank on Saturday, and wished to withdraw some of the collaterals he had pledged there, but this was not permitted, and his inability to get hold of them may have forced the discovery of the rottenness of his bank. The firm of Nugent & Co., or Newark, haf suspended. This concern was involved with the broken bank. Other failures are expected. Another special says: A meeting of the directors was held yesterday afternoon, and Cashier O. L. Baldwin stated to them that the bank was not in a condition to pay and that the liabilities were SO great that further attempts to carry on business would be useless. The directors then offered to subscribe $500,000 to put the bank in condition for business, but the cashier responded that $2,000,000 would not do it. The directors then decided to suspend business at once. The news came like a thunderbolt on the community. There was not a suspicion that the institution was not the strongest in Newark. The directors have been considered the most trustworthy body of men in the city, and the reputation of Baldwin, as a financier, probobly stood first in the state. The bank is closed to all comers, and no official facts have been made known beyond the arrest of Baldwin on a charge of embezzlement, and the sending for government examiners. The Post's financial article, referring to the fallure, says it will cause no surprise if this failure causes a general testing of the soundness of other institutions; and in the loan market there is considerable shifting ef affairs. [A private telegram received here this morning reports that the Mechanic's National Bank, of Newark N. J., has failed, and that the cashier is a defaulter to the extent of $2,000,000.]

2. November 1, 1881 Lancaster Daily Intelligencer Lancaster, PA
Article from Lancaster Daily Intelligencer, November 1, 1881

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Gutting Banks. For the cleanness of their sweep the operations of the manager of the Mechanies' National Bank, of Newark, bear off the palm from any bank cracksmen whose performances history has yet recorded. The capital of half a million and a surplus of nearly as much more has been taken, and more than as much more beside out'of the deposits, during eight years, and nothing is suspected of the speculation until the operator, finding there is nothing more to take, and that the bank can no longer be run, calls its directors together and tells them the facts. There was nothing mysterious about the way he did it. Hesimply took the money from time to time and accounted for it on the books by charging it to the account of the bank in New York which was its agent there. The one fact which will impress those interested in banks is the self-evident one that they have no protection at all against the dishonesty of the man who is in supreme charge of its affairs. In this case it was the cashier; the president, on account of his advanced age, knowing nothing of the conduct of the business. All the examinations made of the bank's books were of no value whatever, since the examiner did not ascertain the fact as to the credits they claimed. Evidently bank examinations that do not go beyond the statement of the. officers as to the reality of the claimed assets are a delusion and a snare. This officer had the unlimited trust of the community, and the bank's credit was unchallenged ; yet in a moment it is found that all its property has gone as Mr. Fisk would say, "where the woodbine twineth," and nothing is left, but the bank building which could not be stolen, and the individual liability of the stockholders to the amount of the par value of their stock, to satisfy a million or two more that has been taken which was held in trust by the bank. It is enough to make owners of bank stock feel very serious and to call for a speedy remedy.

3. November 2, 1881 Knoxville Daily Chronicle Knoxville, TN
Article from Knoxville Daily Chronicle, November 2, 1881

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The Newark Bank Failure. NEWARK, N. J., November 1.-Warren Akerman, a former director of the Mechanics' National Bank, has begu 1 a 'lawsuit against President Haisey for a debt caused by negli gence. Nugert's counsel denies that he received the large amounts stated by the cashier, Baldwin. Hesays he cannot ascertain how his accounts stood at the bank, because Baldwin had the accounts so mixed up that he was in the latter's power. A receiver has not yet been appointed. There are no further developments regarding Baldwin's operation.

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

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NEWARK'S BROKEN BANK. VARIOUS SEQUELS TO THE SUSPENSION. THE FAILURE OF A NEWARK MERCHANT-SPECULATION AS TO THE DISPOSITION MADE OF THE BANK'S MONEY-THE BANK EXAMINER'S INVESTIGATION NOT YET COMPLETED-THE CASHIER OF THE MECHANICS' NATIONAL BANK IN THIS CITY CRITICISED. One of the results of the failure of the Mechanics' National Bank of Newark was the suspension yesterday of the wholesale grocery and liquor house of Dennis Osborn, of Newark. No further proceedings against the property of Nugent & Co., in Newark were taken, because the examination of the condition of the bank has not been completed. The opinion is growing that a part of the squandered funds of the bank was lost in speculations outside of the morocco business. Bank Examiner Shelley criticised the conduct of the cashier of the Mechanics' National Bank in this city. The statement that Cashier Baldwin received one per cent on the moneys loaned to Nugent & Co. is qualified by United States District-Attorney Keasbey.

5. November 4, 1881 Iowa County Democrat Mineral Point, WI
Article from Iowa County Democrat, November 4, 1881

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Brought Banker Baldwin's Big Bank Bad Bankruptcy. A Round Million and a Half Taken Out and One Million Returned. Casualties, Crimes. The Newark Bauk The Oct follow NEWARK, N on J. the door of morning the Meing applicational appeared bank, this statements bank chanics "Closed in consequence made by the cash are affecting to the the board of investigation directors which The in bank was now ier, undergoing 1 considered the strongest The Post's New Newark NEW ORK, Oct. says 31 the Newark di ark, J. special the cial Mechanics national an of this orning suspens rectors bank, in Newark, suspension A meeting vester of nounced its a meeting, Balddirectors held Cashier O. the afternoon, and bank was not in a day stated that the that the liabilities to win condition to pay that an attempt so great would be useless. to were on business offere to subscribe condiand $500,000 carry The directions then put the lank in But the for tion business. do not it. at pend business sponded The directors that then decided The bank in issued October statement, as ed show Capital follows last liabilities plus. 400,000 $500,000 stock, notes divi bank nation $45,009 detosits $2,417 $3,962; 407 cashier dends unpaid checks, $68 banks 215; certified 366: due other national $70,912 check, due state banks, of directors $134. is the boar L Baldwin Stephen The following Halsey Oscar A Halsey Louis Grover, Jas H Condict, James George long, Herm Joseph Howel, Clark, Henry Jos presi Halsty cash Baldw Hester Oscar officer dent and last named trouble The for the -clap on conside red responsible like th nder not The news came There vas the community unity not the the was that picion institution The Newark directors strongest the most have been trust of in and city body men worthy the Baldwin reputation stood financier, probably The the bank state. and no offi be first closed to all commerce made known Baldwin of charge facts have been the arrest of landsends for the ing cial vond report of examin government The Newark espondent Mechanics of New of the bank was York That this at bank lost nothing. and Baldwin pledged, withdraw but and bank Saturday he had his permitted ability get hold the some this was them of his The bank. The was concern the firm of Nugent involved Co. Other bank failures with the broker expected has long been esteemed flice The defaulting nd cashier liked in the Newark other both his fellows be as much and bank seem This Newark surpr saying much simply grieved since the eromment surprise citizen hear marked of that one the churches boundless He one would as soon were turnthe nding tip was ed and While Baldvir Sunday of its spire. to the directors, the bells statement own guill, which nonfessil Episcopal his church which he Trinity member and calling faithful Bald subscribed was liberal indt did sat in worsh church Little, friends think, that one of was lights their leading church last night that moment It thie himself seems confessing of was time Baldwin trustee ritgs Newark bank the deposited the Mechanics ostanding hereand signed ther the from account Through which some savings misund bank withdrew thus the resent failure Insur Bald guarding Newark agains Mutuai Benefit which At the New York intense. left pany for imm Newark win trustee, of the receipt The of the The president ediately on the under be stood quite involved heavily the officers Insurance before was man eached One impany of the said such they had stock character, Baldwin and married experienced of unim the father circles He children. In of social the aders, unexcept and his regarded four as one Financier was to positively refuses of his tional. reputation Baldwin the except calling ersonal anybody friends. with To answered persons that any his house his son could not see Bald father especially his being sick he reporters his boys chidren, 15 and 11 and old. stayed to win's body wife years and old. and it two his bedside friend, am go all day guilty and At years Baldwin said villing o'clock menitentiary missioner Keasby to the States Commiss called his United district attorney short hand Bald and the together with Titsworth, de house, Judge positive porter and ex. Baldwia of the funds win's attorney had used any nied that he for private onization the band Since the Nugent & and said the firm principal custhe bank, among their firm have have been Since 1873, and that without the tomers. loans, oard of directors made irregular of the reatening it. knowledge pelled me by all about Nugent comp the directors to give him to tell transactions time. Some these crooked money from time back 10 to the more bank more Nugent paid but he drew all those times per month hoped these $50,000 than he paid would refund always Nugent & Co. the firm to well a be aware very years knowing were for date. sums, wealth Nugent used Co the fund book Nugent of the loans of the made fact. them ed more up than $2,000,000 out The modus was & Co. receiv funds of the that bank Nagent for York New the bank Co. operandi gave checks some money and the funds of of to pay time. drafts firms from time to used to pay the book the are the bank were The entries in thought the firm. directors right. falsified, 80 the the bank was all wealthy Mo business of Nugent, of the firm of evenmanufa rested this rocco Nugent & house Co., was by the of deputy aiding and He gave funds beting from bail for the $25,000, to answer marshal ing at his Cashier on the Baldwin charge Mechanics in embezzling bank the

6. November 6, 1881 New-York Tribune New York, NY
Article from New-York Tribune, November 6, 1881

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411 000 45. Marchbank, the embezzling clerk, was unable to find bondsmen for $7,500 yesterday and he was allowed by the Commissioner to return to his home in Beileville in the custody or the Marshal, to remain until Monday. Marchbank would say nothing about his case. He admitted that yesterday morning he had had an interview with Baldwin at the latter's house. An apparently authentic statement is made that Baldwin discovered that Marchbank wasa defaulter when $30,000 had been abstracted. He called the clerk into a private room and confronted him with the evidence of his guilt. Marchbank fell upon his knees and besought Baldwin not to expose him, promising to make good the amount stolen. Baldwin yielded and Marchbank remained and reimbursed the bank to the amount of about $8,000. Some time afterward it was discovered that he was a defaulter in $20,000 more, when he was dismissed by Baldwin. John H. Emery, counsel for the bank, states that he has not known of the existence of any mortgages on Nugent's property held by Baldwin and recently assigned to President Halsey and Director Condict -the one for $20,000 and the other for $15,000. He was first apprised of the existence of such mortgages by the publications in the newspapers. Judge Teese made the remark yesterday that if his client, Nugent, went to the State Prison on conviction of aiding Baldwin he will have the company of a distinguished and virtuous set of pals." He thought that the judgment of people was setting in in Nagent's favor. Mr. Teese made this calculation : It is charged that Nugent's business absorbed $2,400,000 in eight years. There are just 2,400 working days in that period of time. It follows, therefore, that if Baldwin's story is true Nugent's business was conducted at a daily loss of $1,000 during eight years. This," remarked Judge Teese, simply preposterous." The following telegram has been received by Oscar L. Baldwin and was handed by him to a friend who visited him. The latter asked permission to retain it and exhibit it to his acquaintances: KALAMAZOO, Mich., Nov. 2. OSCAR L. BALDWIN, Newark, N.J.: Our admiration is intense. Would like to engage you for ten lectures, $100 a night, to tell what you know KALAMAZOO BOARD OF TRADE. about banking. The question of the responsibility of the directors, in view of all the facts thas far brought out in connection with the bank failure, is being seriously discussed by depositors and their lawyers. One of the latter said significantly yesterday to a reporter: This thing has only just begun; the depositors haven't had their say yet, and there are people who hold the stock of the bank who will not famely surrender double its value. I have a trust fund to look after that I propose to protect." One of the counsel of Nugent remarked that perhaps to-day would bring out a new and interesting phase of the situation. Commissioner Keasbey stated yesterday that the District-Attorney and counsel for the bank were proceeding in view of acquiring the property of Nugent. The matter had been brought into the Court of Chancery, and there would be no judgments or write just now. The counsel for Nugent, after being informed of the claim of the bank upon the property, had engaged to hold the property intact until the matter at issue could be legally shaped. At the meeting of the Newark Common Council, Friday evening. H. F. Fiedler, Mayor of the city, sent in a communication stating that information of a disquieting character had for some time been in his possession regarding the accounts and finances of the city, and that this, coupled with the fact that the accounts of the city officers had not, for many years. been subjected to expert examination, and with the additional fact that the crash of the Mechanies' Bank had ruined fortunes and shattered reputations. he was moved to recommend the Finance Committee of the Common Council to make a searching and thorough examination, with the aid of experts, of the condition of the city finances. The communication was referred to the Finance Committee, with power to act. The National Shoe and Leather Bank of this city began yesterday an action in the Supreme Court against the Mechanics' National Bank of Newark to recover $31,000. Justice Barrett granted an order for the service of the summons and complaint by publication.

7. November 8, 1881 Daily Globe Saint Paul, MN
Article from Daily Globe, November 8, 1881

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The Broken Newark Bank. NEWARK, N. J., Nov. -The bank examiner estimates that depositors in the Mechanics National bank will lose 50 per cent. Whatever is saved from Nugent & Co., and other accounts, will increase the percentage. The firm of Nugent & Co. decided last week to dismiss their employes ae fast as they finished up such work as they were engaged upon, and on Saturday 150 of them were discharged. More will finish up this week and share the same fate. All were paid up Saturday as usual, but the firm is so situated now that to purchase new stock and contiue the busines of the establishment is impossible* NEW YORK, Nov. 7.-Another failure OCcurred to-day, as a result of the Newark bank failure. Hanson & Vanwinkle, wholesale dealers in chemicals, having an office at 92 Liberty street, New York,notify creditors that they are unable to meet their obligations and will soon offer terms of compromise. The United States court, besides ordering a rule to show cause why a receiver should not be appointed for the Nugent factory, have also appointed E. N. Miller provisional receiver. to take charge of its affairs. Cashier Baldwin has been released on $100,000 bail. He will appear on Monday for examination. His bondsmen are his brothers, H. P., Wm. H. and Theo F. Baldwin, and seven other persons. The defaulting clerk, Marchbank, was bailed for $10,000 by Cornelius Van Houten, of Belleville, to appear on the 15th.

8. November 8, 1881 The Daily Gazette Wilmington, DE
Article from The Daily Gazette, November 8, 1881

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GENERAL NEWS. 1 The President has issued a procla1 mation designating Thursday Novem ber 24th, as a day of National Thanksgiving. First Assistant Postmaster General Hatton has returned to Washington. He will act as Postmaster General during the absence of the latter. Fifteenth thousand immigrants are reported to have arrived in Manitoba this year. The first fast train to the West by the New York Central and Lake Shere route, yesterday morning, made the run from New York to Albany, 150 miles, in 3 hours 20 minutes. By a collision between two train, near Astoria, Illinois, on Sunday morning, an engine and several cars were wrecked and two passenger were killed. The steamer Larington, of London, is ashore near Shuthwest Point, An. ticosti Island, and will probably pecome a total wreck. Her crew were saved. Hanson & Van Winkle, whole. sale dealers in chemicals, of Newark failed yesterday, in consequence of the Mechaics' National Banktailure The U.S. Court at Newark, yes terday, ordered a rule to shew cause why a receiver should not be appointed for Nugent's factory; and the Court also appointed C. N. Miller provisional receiver, in the meantime. Cashier Baldwin, of the Mechanics' Bank, was released last evening, in $100,000 bail, to appear next Monday for examination. His bondsmen are his three brothers and six other parties. The default ing clerk, Marchbank, was bailed in $1,000, to appear on the 15th inst. The loss by the dock fire a Hoboken, on Sunday evening, is now estimated ar $1,250,000. Two mer are supposed to have perished by falling off the wharf during the fire The opera house at Joplin, Missouri was burned on Saturday night. Loss $50,000. The Hulmeville Manu facturing Company's cotton mil at Hulmeville, Bucks country, Pa. was destroyed by fire last evening Loss, $25,000.

9. November 11, 1881 The Owosso Times Owosso, MI
Article from The Owosso Times, November 11, 1881

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MISCELLANEOUS. The search for the steamer Jeannette in the arctic regions, by the Alliance, proved fruitless, and the Alliance has returned to Halifax. O.L. Baldwin, cashier of the Mechanics' national bank at Newark, N. J., has confessed to a defalcation of $2,600,000. He has spent the money in backing up his friends and in gambling, and covered up his transactions by false entries on the bank books. Subpoenas have been issued for ten witnesses in behalf of Guiteau, five of whom live in Chicago. Annual interest charges on United States bonds now outsanding, $60,962,245. Silver certificates in circulation, $66,327,680; standard silver dollars in the treasury, 66,576,378. Gov. Cullom by official proclamation prohibits the importation of cattle into Illinois from certain specified counties in Connecticut, New York, Pennsylvania, New Jersey. Delaware and Maryland, on account of pleuro pneumonia prevailing in the counties named. The debt statement issued Nov. 1st shows that while the public debt less cash in the Treasury was reduced in round numbers but $13,300,000 during October there was an actual reduction of the total debt to the amount of over $23,000,000. The reduction of the interest bearing debt was over $22,500,000. It consisted of interest bearing bonds redeemed and destroyed, and some $3,500,000 were trans. ferred to the table of debt on which interest has ceased. The total cash in the Treasury was reduced nearly $10,000,000 during the month, and the available cash balance was reduced over $15,500,000. Reference to debt statement for October of last year shows that the cash balance available to-day is less by 1st November over $5,000,000 than it wa last year. Government officers have taken possession of the Mechanic's bank at Newark, N. J., and a receiver will be appointed to wind up its affaire. It is now thought that others are im. plicated with the cashier in the defalcation. Much blame is attached the managing officers that they did not verify Baldwin's statement of a $2,000,000 deposit in a New York bank. F. T. Frelingbuysen has been appointed receiver of the broken Mechanics' National bank at Newark, N.J. The bank examiner was de. ceived by a forged letter from a New York bank acknowledging a deposit of $2,000,000. The collector of Toronto, Canada, seized an invoice of Tom Paine's and Voltaire's works on the ground of their being blasphemous; and the Dominion government bas approved of his action. Confederate bonds are sell.ng in southern cities at $10 to $15 per thousand. Thursday, Nov. 24th is designated by the President as Thanksgiving. Postmasters who sell postage stamps outside of their territory to increase their salaries are to be dealt with. Stamping advertisements on government coin is contrary to law and will be punished when the perpetrators can be found. The government examiner finds that the suspended Mechanics' national bank of New. ark, New Jersey, has assets amounting to $2,035,252.98, and liabilities amounting to $4,446,253.42, leaving a deficit of $2,411,000.45, to be made up by assessments on stockholders and losses of depositors. The directors express a willingne 8 to settle up everything an t save the expense of litigation. The Confederate bond speculation is subsiding. There are no more orders sent out, and only a few are buying at $1 to $1.50 per $1,000.

10. November 12, 1881 The Milan Exchange Milan, TN
Article from The Milan Exchange, November 12, 1881

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COMMERCE AND INDUSTRY. THE annual report of United States Treasurer Gilfillan shows an increase in receipts over the previous year as follows: Customs, $11,637,611; internal revenue, $11,255,110; sales of public lands, $1,185,356; miscellaneous sources, $3,177,702; increase in surplus revenue, $34,185,751. THE Wabash will put on a limited express between St. Louis and New York, time 33 hours and 40 minutes. INVESTIGATION into the affairs of the Mechanics National Bank of Newark, N. J., SO hopelessly wrecked by Cashier Baldwin, discloses the fact that some two years ago Henry P. Marchbank, at that time engaged as corresponding clerk of the bank, got away with $50,000 of its funds, which has never been recovered. Marchbank was retired, but the matter was not made public, it is supposed on account of the clerk's too intimate knowledge of the Cashier's own and much more extensive defalcation. Marchbanks has now been arrested. He is a man of some property, and like Baldwin, has heretofore been esteemed as an estimable and upright citizen. BOTH houses of the Minnesota Legislature have passed the bill for the readjustment of the old bonded debt of the State, at an interest not to exceed 5 per cent. THE bank of Walker & Co., at Zurich, Switzerland, is reported to have been robbed of 75,000 francs and all negotiable securities and its books burned. The bank has suspended. Unpleasant surmises regarding the affair are current. THE cotton statistics for the present season show a falling off in the receipts at every Southern port, except New Orleans, from last year, the decrease in some cases being considerable. The estimates of the total crop made by members of the New York Cotton Exchange vary from 5,165,000 to 6,500,000 bales. Bradstreet's reports would indicate the smaller estimate as being the nearer correct. THE attendance at the Atlanta Cotton Exposition continues to increase each week, and the success of the exhibition is now assured.

11. November 16, 1881 The Abbeville Press and Banner Abbeville, SC
Article from The Abbeville Press and Banner, November 16, 1881

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has Cashier's Big Defalcation. that The A most in a long defalcation Mechanics' is that embezzle- of National L. taken Baldwin, place Newark, cashier of N. J. the of Baldwin's eight years, first and ments bank amount of cover to more a period than by the $2,000,000. bank's which directors The Bald- of intimation received was at a meeting institution at was hope- The win its condition confessed involved that through the bank his suspended. peculations, dollar In his of lessly next morning Buldwin the said had that been every absorbed by of the iramenso & Co., that twelve years to C. ago Nuconfession Nugent deficit well-known manufacturers he leather in without then ever did loaned and that & had C. Newark; money that since authority Nugent Co. anew, thing had not gent repay gone & Co., to the that first firm; kept loan, increasing, but borrowed the to borrow- refund; and each that the time loans promising the notes positively came the due, firm) Nuers that sometimes when Nugent, borrowed head more, of saying gent (Christopher 1040 nothing; paid E. part and the bank should around his time that got the rope tighter every (Baldwin's) that every when Nugent neck it was squeezca reveal the matter saying that to that he held an Nugent them notes, time, ruin Nugent's both; without of would only amount of them. Balwin was sum arcollateral immense for placed any of under bail in Co. the was seized and rested and store of Nugent the bank, $25,000. the sheriff The at the was instance arrested, of but was released one of the in Christopher by Nugent bail. Cashier Baldwin most respected Newark, bank, on $25, 000 best known and, and to all intents is as the president and feeble men and purposes old was and the has entire long been direction To of the the ill; eighty consequently years in the Baldwin's hands. said that as bank's affairs was Baldwin make irregular commissioner he began to & Co., leather long State ago as firm 1873 of C. Nugent made these loans loans manu ficturers, to the and and that without he the he sanction felt him- of without security Having once Nugent, began who compelled This self the directors. in the power further of and further month loans. and year to him continued to make from month to of $50,000 a to month. him, often to the assumed his mount to the bank, could not recede he without allowed and year, The that Nugent's he gradually therefore such proportions and exposure, and the loans, would his replace conto that Nugent assured hope of property, stant ruin Nugent further fact, being Nugent increase constantly him and them. In a large amount owed. Haldwin that he make had good what was perfectly he well money, aware was added could that money Nuger used was promised the bank's whenirreg that ilarly the drawn, required, and to turn over all his propmillions. erty ever 10 it loan secure finally the bank. grew to carried be over two on, Baldwin was by which and The said, The way the Nugent's system York, was giving draits were bank, credited on different from to frien is in New his drafts on the would meet these him to meet time he (Baldwin) the bank. The books actime to with the money to of show that Nugent's occadrafts 80 falsified as but the losses in account counts were by were these all right loans york, were of New placed York, Newark 80 that it on that bank had bank really Newark sioned with while the it appeared Mechanics' by deposit the books about of two the owes millions the that account is up made wholly was Mr. asked whether Baldwin in New New York York, bank the over of $200, loans 000, to and C. Nugent he had & Co. not of lost and thus large money. speculated to but he had that only speculated, in the had inade money a He peculations trilling replied extent, in which and National he had bank engaged. was the the strongest largest The Mechanics' and was regarded the State. as county It was gov- the depository in financial Newark, institution of the trust funds funds, in of city and and of the manufactur- funds of ernments, of institutions which and had declared immeother companies, financial some this of month. The announcedistrict ing dividends necessity payable for Baldwin's lay in sudden the fact and that had the examine diate ment of bank his defalcation examiner several was banks. in the city, He the had Me- anchanics cashier. the nounced already examined National his intention a week When to previous, Baldwin examination but saw was held that of condition the of affairs. off he could ly bank's the no books, longer he put disclosed off the real

12. November 19, 1881 Evening Star Washington, DC
Article from Evening Star, November 19, 1881

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BANK OFFICERS TO BE PROSECUTED.-Deposttors in the suspended Mechanics' National Bank of Newark, N. J., have held several meetings, and are understood to have determined to prosecute the directors of the bank and employ Benj. F. Butler and Roger A. Pryor as counsel.

13. December 4, 1881 Daily Globe Saint Paul, MN
Article from Daily Globe, December 4, 1881

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# ALL AROUND THE GLOBE. Henry Grigg, a prominent citizen of Elmira Wis., was killed by the cars yesterday. Ex-Empress Eugene is confined to her house in consequence of indisposition occasioned by a fall. The Crescent City railroad stables at New Orleans burned last night, and 50 horses perished. Loss, $30,000. The spinning mills of Black & Wingate, Glasgow, Scotland, burned. Loss £50,000. 1,000 persons are out of employment. J. L. Berg & Co., wholesale drugs, No. 60, Maiden Lane, New York, assigned. Liabilities about $200,000; assets reported large. The New York Lotos club gave its first dinner of the season last evening, in honor of the return from abroad of its president, Whitlaw Reed. It is reported that arrangements have been made to relieve the creditors of the Mechanics National bank, of Newark, N. J., by a partial payment, and to revive the bank. The wrestling match last night, at Louisville, between C. Ross, champion of America, and Lew. Moore, champion of Ireland, was won in three falls out of five by Ross. At Deadwood, D. T., yesterday, the body of Herman Anderson, a ranchman, was found hanging to a tree, with his feet touching the ground. A supposed case of suicide. Lunt Bros., ship chandlers, No. 28 Sovth street, New York, and Lunt, Lock & Co., commission merchants, No. 84 Warren street, have suspended. Liabilities, $100,000. In a fight between two cowboys and three Mexicans, at Trinidad. Col., yesterday, "Dutchy" Brown, a cowboy, received a fatal wound, and one of the Mexicans was shot twice in the breast. An Owens Sound, Ont., special says the small propeller Jane Miller, out since November 23, is several days overdue. Some of her cargo has washed ashore, and it is feared she has gone down. A number of land fraud cases, in which Addison F. and Wm. Burns are charged with conspiracy for stealing several millions of acres belonging to the United States government, are now on trial at Pittsburg, Pa. At the St. Joe, county jail, Friday J Hodges, alias Thomas Sullivan, fell from the ceiling of the jail, inflicting injuries from which he died. Hodges was under sentence to the penitentiary, and it is supposed was attempting to escape. The election of members of the local legislature of the province of Quebec, Canada, passed off quietly. The present conservative government is sustained by an increased majority. All the members of the government were elected. The skating club of Vienna, Austria, is arranging an international contest for the 15th and 16th of January. All the skaters of Northern Europe and America are invited to participate. Valuable prizes for amateures and professionals will be given. The Labor Standard American Auxiliary association held services in New York last night in memory of John Brown of Harper's Ferry fame. Addresses were made by John Swinton and others. It was proposed to raise funds to build a monument. Gustav Zirutt, who figured in the Washington safe burglary case several years ago, was convicted on Friday of conspiracy to defraud Mary Pobst, at Newark, N. J., out of $50, by representing that he could influence the grand jury not to indict her. Officer Ohara, of New York City, last evening arrested Jno. Baum, who with four other men was unloading stolen cigars from a trunk. Ohara started for the station with the prisoner, when the latter drew a pistol and fired three times at the officer, who returned fire, fatally wounding Baum. The examination of Thomas, at Buffalo, N. Y., for the murder of a man buried as E. G. Burnham, was further postponed until Monday. Judge Hammond announced that unless the prosecution produced evidence to hold him till the jury should indict him, the court would discharge the prisoner. Near Dawson, Ga., Thursday, John E. Moreland was assaulted and robbed by three negroes. Mark Thompson, supposed to be one of the robbers, was captured by white men and reported beaten to death. No trace of Thompson can be found but a piece of bloody shirt and socks buried in a swamp. Seven prisoners, including John J. Webb under life sentence for murder, and David Rudabough, escaped from jail at Los Vegos, N. M., yesterday, Rudabough was a member of the notorious "Billy, the Kid's" band, and was sentenced to hang for murdering the jailor in an attempt to release Webb. A desperate encounter occurred at Graham, Washington county, Texas, yesterday, between Wm. Bass and "Pink" Kay on one side, and Wm. Roe and Young Barber on the other. Roe was mortally wounded by Kay. Barber was shot through the shoulder and lungs by Bass, and is lying in a hopeless condition. The steamship Bath City, spoken by the steamer Marathon Thursday off St. John's, N. F., with foremast and rudder carried away, and leaking badly, nas not yet arrived. The Marathon could not tow her, owing to lack of coal. It is expected that a powerful sailing vessel will be sent to her assistance. At Terre Haute, Ind., the case of Rev. H. S. Thomas, of Chicago, came up before the Methodist Judicial conference last night, on appeal. The appeal was not entertained, on the ground that Thomas has gone out of the church since his trial, and the church has no jurisdiction in any cases, only those of members. Another immense manufacturing suburb is to be added to Chicago. The nucleus of the new town is the establishment of extensive shops, to be known as the Chicago Locomotive works, at Garfield, on the Chicago & St. Paul division of the Milwaukee & St. Paul railroad, about a mile northeast of the city limits. A Durango, Col., special says a man named Mogle, two brothers named Chapman and two others, names unknown, several days ago left Ophir to walk to Silverton, and have not been heard from since. The snow on the range is over three feet deep and it is feared they have perished. A party have gone in search. The directors of the Mechanics' National Bank of Newark have agreed to contribute $1,000,000 towards paying the creditors and reviving the bank. The directors will publicly announce their willingness to pay the creditors a percentage on their dues larger than any that could be hoped from the receiver. If the creditors accept the amount offered, the sums will be paid in immediately and a full

14. December 4, 1881 New-York Tribune New York, NY
Article from New-York Tribune, December 4, 1881

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# TRIPLE SHEET. # THE NEWS THIS MORNING, FOREIGN.-The London cable dispatch to THE TRIBUNE says that the Conservatives are turning the perplexities of the Government in Ireland to account; Lord Randolph Churchill has denounced the Land Courts. Mr. Evelyn Ashley has disproved the charge that he is a bad landlord. The demands made by the Scotch farmers at their meeting are moderate. Mr. Lowell is in Paris on his way to London. The robbery of the body of the late Earl of Crawford and Balcarres, which has just been discovered, took place last May. Prince Bismarck's recent statement that Italy has advanced toward Republicanism causes a sensation at Vienna. Austria has suspended diplomatic relations with the Roumanian Cabinet because the King claimed further control over the navigation of the Danube. An international skating contest is to be held at Vienna on January 14-16. DOMESTIC.-Emory A. Storrs and Senator David Davis were among the witnesses examine yesterday in the Guiteau trial; it is thought that the expert testimony will be offered to-morrow; President Arthur is to be called as a witness by the defence. General J. W. Keifer, of Ohio, was nominated Speaker, and Edward McPherson Clerk of the House, by the Republican caucus; the Democrats nominated S. J. Randall Speaker, and the present incumbents for the other offices. Walker Blaine and William H. Prescott sailed as envoys of the United States to Chili and Peru. A bank in Cleveland, Ohio, was robbed of $117,000 in bonds. Seven persons have escaped from the jail at Las Vegas, N. M. Andrew Carnegie has offered a free library to Pittsburg under certain conditions, Two men were killed by a road accident near Thompson, Conn., yesterday. Navigation is being closed on the Delaware and Hudson Canal, the last boat having left Honesdale, Penn. CITY AND SUBURBAN.-The Lotos Club gave a complimentary dinner to Whitelaw Reid last night. Sailors who matinied on the bark Sontagg were handed over to the United States authorities. Mrs. Ellen Peck, a notorious confidence woman, was again arrested. Measures have been taken to revive the Mechanics' National Bank of Newark. A thief was shot by a policeman. There were three business failures. Gold value of the legal-tender silver dollar (412½ grains), 86.90 cents. Stocks were dull and generally lower, closing steady. # THE WEATHER. THE WEATHER.-TRIBUNE local observations indicate generally cloudy weather, with light rain or snow and slight changes in temperature. Thermometer yesterday: Highest, 42°; lowest, 35°; average, 3878°.

15. December 7, 1881 Evening Star Washington, DC
Article from Evening Star, December 7, 1881

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THE WAY THE NEWARK BANK WILL RESUME.The project of restoring the Mechanics' national bank is the result of conferences of the ten directors, who have had a paper drawn to the contents of which they have agreed, binding them to contribute over their names towards paying the creditors of the bank and reviving the institution. The exact total is not made public, but it is about $1,000,000, the president, Joseph A. Halsey, contributing $250,000. The directors will announce their publicly willingness to pay creditors a percentage on thefr dues larger than could be hoped for from the receiver. If the creditors accept the amount offered, the sums will be paid in immediately, and a full receipt taken. The bank will then resume under the old name, though it will practically be a new institution, all of the assets being swallowed up in the dues of its creditors.

16. January 4, 1882 Wheeling Register Wheeling, WV
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# BLAINE SUCCESSOR. The return o ex-Senator Frelinghuyson to publicafe at Washington, as secretary of stateis an event looked forward to withraternal pleasure by the older senatorand with interest by all. He was a avorite nephew of Theodore Frelinguysen, who ran for vice president onte ticket with Henry Clay in 1844, as wi as a grandson of Frederick Frelinhuysen, who at 22 years of age was member of the continental congress The statesmanship of any descendantf the Frelinghuysens can not, thereforbe regarded as an accidental possesen, Ex-Senator Fringhuysen married the daughter of George Griswold, of New York city, wealthy merchant who was largely gaged in the East India trade. She stately lady, rather reticent than comunicative, but a graceful conversennd as well calculated to adorn the sal side of the state department as anne who has filled that arduous post honor since her intimate personalind, Mrs. Hamilton Fish, and probablnot inferior to the latter, which is high praise. The Frelinghuysens ha six children, three sons and three dahters. The oldest scn. Frederick, islawyer in Newark, and waslately appated by Comptroller Knox receiver of Mechanics' National bank of Newk, whose misfortunes made a recemataclysm in that city. Another sonGeorge Griswold, recently married thiaughter of Peter Ballantyne, the weny brewer of Newark, and one of the ughters is the wife of Mr. John Davis, nephew of Judge Bancroft Davis, of court of claims, who, it is said, wil become first assistant secretary of se, vice Hitt, and thus create a vacanewhich shall restore Secretary Hunof the navy, to his old honors on that somnolent bench. Mr. Frelinghuyse is a pleasant speaker, and a man lose appearance, language, and demear bear out the faet that he came of ace of gentlemen. He is tall and augusin stature, and dresses in black broadbth, with standing shirt-collar, and hu silk hat. He is a member of the Soety of the Cincinnati, a stalwart in politics but of conservative tastes al habits, with great veneration for established mstitutions, and pious fegard for is honorable ancestry, of whor, in adition to those mentioned, Donnie Felinghuysen was famous among th pre-Revolutionary clergymen of Nv Jersey for his religious zeal arl good orks. Mr. Frelinghuysen raintain to this day the old Frelinghusen hnestead, farm and buildings, at Mstown, Somerset county, N. J, as thy were in his boyhood, and evry yeaspends three months at least there, forst and rural enjoyment. Whie a setor he bought at Washington, and stilretains as owner, the house No 1,731 street, where Senator Cameron lived uil his own house was finished. It is woe-cupied by ex-Gov. Washburn,epresentative from Minnesota. Hex-Senator Frelinghuysen lived, anhere it is surmised he will enterta the guests of the state department. se-lection by President Arthur for pnier is one more guarantee of the dified character and management of thew dispensation, already foreshadow by the president himself, and in tap-pointment of the excellent Judge ger as secretary of the treasury.-Phet. phia Press.

17. January 21, 1882 New-York Tribune New York, NY
Article from New-York Tribune, January 21, 1882

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THE SUSPENDED NEWARK BANK. It is probable that the compromise offered by the directors of the Mechanics' National Bank of Newark will come to nothing owing to the failure of some of the creditors to accept the terms of the directors. The Mutual Benefit Life Insurance Company. whose deposit is $600,000, has not accepted the compromise, and other corporations have also failed to respond. The Essex County Board of Freeholders will also probably decline to enter into any compromise of the large debt due to the county in advance of a decision by a legal tribunal as to what extent the directors are individually liable. A number of individual depositors have not yet signified an acceptance. The proposition of the directors depends upon the acceptance of all the creditors. Meanwhile, only eight days intervene before the time will expire for the compromise to go into effect. Receiver Frelinghuysen has paid $600,000 on account of the 25 per cent dividend to creditors. A general meeting of depositors has been called for next Wednesday evening.

18. February 18, 1882 Daily Republican Wilmington, DE
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NEWS SUMMARY. # Deeds of Violence-Grand Firemen's Tournament - Seventeen Railroads to be Prosecuted-Railroad Accident. The case of Fitz John Porter was again considered by the Cabinet yesterday, but no conclusion was reached. It is said that "theonly legal way to afford the desired redress in this case is for President to pardon General Porter thus removing his presents disqualifications from holding office in the service of the United States, and then restore him to his former place in the army by nomination to the Senate." The secretary of Interaal Affairs, at Harrisburg, has placed a list of seventeen railoard companies doing business in Pennsylvania in the hands of the Attorney General, requesting him to proceed against them for their failurel to make an annual report to the Auditor General within thirty days after the expiration of their fioancial year. The penalty for each failure is $5000. The ice in the Hudson river at Albany broke yesterday and gorged below, causing a flood along the wharves, which did considerable damage to merchanlise stored there in the cellars near by. The damage at Greenbash was greater than at Albany. Archibald Johnson, wife and children and a farmer, named Murphy, attempted, on Thursday night, to cros Buczhan Lake, near Lakefield, Ontario in a sleigh on the ice. The night being dark, thes mistook open water for clear ice and drove into it, but only Murphy was drowned. C. S. Coone, Jr., General Ticket Agent for the Onio and Mississippi Railroad, was killed on that railroad yesterday near North Vernon, Kentucky. He put his head out the window and it was struck by a bridge. A telegram from San Francisco reports the destruction of the house of Charles L. Johnson at Coffey's Cove on the Russian River, by a landslide last week. Mrs. Johnson, her infant and a man employed in the house, were killed. A veam of cannelcoal, five feet thick, has been discovered in Murion county, Iowa, thirty aniles from Des Moines. A vein of common bituminous coal, six feet thick.lies sixty feet beneath the cannel. Martin F. Conway, a member of the Thirty-seventh Congress, from Kansas, died in the Government Hospital for the Insane at Washington, last Wednesday, in the fifty-third year of his age. S. N. Snow, publisher of the Evening News, New Bedford, having been detected in a number of forgeries, attempted suicide at Narragansett on Thursday night. His father paid the forged notes. It is stated that the President has received the resignation of Mr. Hyman, Surveyor of Customs at New Orleans, and will, on Monday, nominate Pinchback for the position. Samuel Marsden, colored, aged 11 years, placed a can of coal oil on a stove in Dallas, Texas, mistaking it for a coffee pot. The house was wrecked and the boy killed. The Senate of Massachusetts yesterday passed resolutions expressing abhorrence of polygamy, and urging the passage in Congress of the Anti-Polygamy bill. By a collision between a freight train and a switch engine at Toledo, Ohio, yesterday, two engines were wrecked and Charles Clark, engineer was fatally injured. The receiver of the Mechanics National Bank of Newark announces a second dividend of 20 per cent, making 45 per cent, in less than four months. An eight-foot seam of bituminous coal has been discovered at a depth of eighteen feet, in sinking a well, near Victoria, British Columbia. The boiler of the Georgia Car Works, at Cartervilir, Georgia, burst yesterday morning, killing six men and injuring several others, one of them fatally. W. W. Ezra was kicked to death by a mume in Caroll county, Georgia, ong Thursday.

19. March 10, 1882 Lancaster Daily Intelligencer Lancaster, PA
Article from Lancaster Daily Intelligencer, March 10, 1882

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CHARGE A Another Arrest Growing Out of the Newark Bank Troubles. Director S.H. Condict, of the Mechanics' national bank, Newark, has been arrested on a civil suit brought by Receiver Frelinghuysen. The arrest was made on a writ of ne exeat issued by United States, Judge Nixon, the bail being fixed at $350,000. The affidavit on which the arrest was based was made by Director James F. Bond, who states that Condict told him of the confession of Cashier Baldwin on the 30th of October last. The affidavit set forth the proposition of the directors and Condict's subscription of $250,000 to renew the bank: also the fact that in November last Condict told him that his subscription was half his property ; that Condict recently withdrew his subscrip. tion, saying it would leave him penniless. Mr. Bond says that he had ample means of knowing Condict's means and believes him to have been worth over $500,000, and he believes that that if the payment of $250,050 would leave him penniless, he has disposed of his property to evade his responsibility as an officer of the bank. There is also an affidavit by Receiver Frelinghuysen setting fo. th that Condict had knowledge of the situation of the bank and concealed it from the other directors, and that the loss to the bank after his knowledge was acquired was $700,000 ; that he obtained payment of notes on Nugent & Co., held by himself; that he allowed dividends of fourteen per cent. to be declared that had not been earned; that he sold 243 shares of stock at high prices that he was an active director and was relied on by the others, and that he was responsible for all the losses of the bank after he became aware of the abstraction of the funds by the cashier and failed to inform the other directors. The receiver also alleges that Condict has disposed of part of his property to evade his liability.

20. March 15, 1882 The Evening Critic Washington, DC
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News Notes. Queen Victoria has telegraphed to Archbishop McClure, of Dublin, her thanks for his recent pastoral letter in favor of law and order. A dispatch from Panama says that the reports of the disaster caused by an earthquake at Costa Rica have been greatly exaggerated. The status of the strike of railroad laborers at Omaha has not changed since Monday. The non-strikers continue working, with the troops guarding them. A claim of $2,000,000 has been filed against Nugent & Co., of Newwark, N. J., by Mr. Frelinghuysen, receiver of the broken Mechanics' National Bank. Rev. Dr. Burton, of Hartford, Conn., and Rev. Dr. Perrin, of Torrington, have been elected by the clerical representatives of Yale College as successors to Drs. Bacon and Arms. Charles H. Foster, for the past few years a leading editorial writer on the Philadelphia Record, died yesterday morning of pneumonia, after an illness of less than a week's duration. The situation at the iron works at Homestead, Pa., has again become critical. A non-union man was badly beaten yesterday and two policemen shot, though not fatally wounded. A reduction of wages in the spinning department of the Pacific Mills, at Lawrence, Mass., was posted yesterday, and 120 women and girls quit work. It is feared that the mule-spinners will follow their example. The striking laborers at the Union Rolling Mfils, in Chicago, are negotiating with the company for a compromise under which they will return to work. A consolidation of all the trades unions in Chicago into one general organization is being effected. A boat with three sailors arrived at Empire City, Oregon, on Monday. The men said they left the Australian bark Bulwark twenty-eight days out from Yokohama. The officers and eighteen of the crew were left on board. The vessel was in a sinking condition and has probably been lost. The county commissioners of Lancaster County, Pa., have offered a reward of $500 for the arrest of James Shaw, who murdered his wife on March 7, near Bartville, in that county. He is supposed to be in Philadelphia or Baltimore, and will probably try to escape to Ireland. An inquest was held in New York yesterday in the case of George W. Wall, who was shot by his wife, at New Utrecht, L. I., who died at the Presbyterian Hospital, in New York. Mrs. Wall is under arrest, but the testimony taken by the Coroner showed that the shooting was accidental, and the jury so declared in their verdict. At the annual meeting of the stockholders of the St. Louis & San Francisco Railroad, held in St. Louis yesterday, the number of directors was increased from six to thirteen. The directors elected were C. P. Huntington, Jay Gould, Russell Sage, J. E. Seligman, Eiward F. Winslow, A. H. Hatch, James O. Fish, William F. Buckley, A. W. Nickerson, C. W. Rodgers, W. L. Trask and R. S. Hays. A man was found struggling in the water in front of one of the Philadelphia wharves on Monday night and was rescued by a passing steamer. He gave his name as Charles Leishner, and said that he was a stranger and asked a man to direct him to Tenth and Market streets. The stranger conducted him to the wharf, robbed him of $83 and knocked him into the water.

21. March 18, 1882 Huntsville Gazette Huntsville, AL
Article from Huntsville Gazette, March 18, 1882

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AND PERSONAL GENERAL. of the Executive Committee of the have the completed Tennessee H. R. ciety THE of arrangements which Army to for be held in St. in clerk Bank, National the three past Louis annual on reunion, May CORNWALL, 10 and 11. a trusted New York months, City, but has He was bank saw has the Fourth been at stealing last been for when found the out. discovery that he had was been detected "embezzlesome $80,000. He made, his post and in the as Confessed he as he Cornwall the prominent is married of member Church for and and ment" has of a large a Methodist family. several Episcopal years SuperinMein Brooklyn, of Suna a school. director of the N. J., tendent H. CONDICT, Bank, of Newark, brought by chanics' S. National arrested on a civil bail suit being fixed had has been Frelinghuysen, that the Condict bank and and Receiver The charge he situation of directors. knowledge it from bank after his that he sonally concealed $250,000. of to the the the other and knowledge informa- perthat the loss was such tion. was acquired profited by concealing a S. and FAY, RICHAR prominent suicide committe Bostonian, a with revolver, on while wealthy out Boston brains his Tennessee, his health. the benefit by the blowing board South steamer for the was stabbed of but recovered late the almost trip years ago he Mass., effects of in AfSome Dr. Ayer, entirely of Lowell, from the South natives rica other. ALFRED wound. THE Boers and laughtering each Pa., recently Mary O'Conner, and the other night have been BELL, of Erie, aged 15. They he the street. Overwh married happy, out into ended herexby istence were turned his grief of and Jeff, not swallowing child-wife with a two dose she Indians, arsenic. who last, December 10. MARCUS John Hendry Park, in Cal., March at Guihas the murdered hanged at MASON, Lake who shot dishonorably were SERGEANT been sentenced army to and be imprisoned teau, discharged from hard labor. inbeen AGENT the Secretary Indian for eight YORMSTRONG at of has the children un- Interior to der his care Montana, in send the one structed by at hundred the Crow Ohio, agency, to be educated certain farmers fulness. day, to and reared up to N. Y., the dismantled other collapsed, by the AT Bolivar, building was structure Kische three-story and the whole Frederick not live. burying wind, four men. Brad Phelps card miners lost their inreported last were Colliery, IN October dead. several others two (Pa.) seriously properly lives and Mahanoy City not being that disunder jured account at of a The gangway Mine Inspector the mining of superin- laws as tendent, timbered. brought suit Gilgore, the inside safety of the case The a in resulted against trict George responsible for was given verdict to mercy. side working. March 11, and mendation D. to Willis, of jury of guilty, on with daughter of horrible fate the A LITTLE Mo., met a near the track the Atchison, While playing a little boy, flames. with her twin suddenly assistance to her other child's East day. clothingcreamed sister and for burst near, into rushed and in children who was could remove were The William but he his hands to child the rescue; doing which was [burned from crisp. locomotive badly clothing, It is the set that fire a spark to the girl's employee in of passing clothing. WM. the Cleveland KARAMPE, while (0.) manipulating a Rolling Prussian institution, Mill the Company, electric March CleveStates, 10. and said to electric be light. was light killed machinery This is the first of that fatal the second accident in the United of Transit land, with the the Northern the Grand tried IN the case of Michigan Company against of Canada, Court at MilTrunk Company Rai way States Circuit the jury returned $111, in the United Wis., March in 11, the sum of made 166.66. endants. A by defer Louis waukee, verdict for motion plaintiff for new trial Company was Distilling no with war THE $100, St. 000 by declares fire, March that 13 Russia for wants delivthe from erance Ge machinations lost THE Golos and prays of the Chauvinists. W. from 12th eight of the A says DISPATCH that up to the the explosion namely: Va., had resulted her Sidney, from near Ravenswood, Faulkner, Mills and Mrs. steamer.Sid Little and grandson, Ohio; of Frank Charleston, from W. child, of Bellaire, Mr. Kain, deck-hand injured, of Pittsburghens, and others a were some thousand to Middleport, Va.; Mrs. of them o. dangerously Ten of Omaha Square, Jefferson THREE in procession indulged in reins denunciation of govother day, for handing In the evening and the marched Mayor and military. the brickbatting. the of ernment the to the subjected to to charge, in which troops were by a bayonet Armstrong was in the retaliated machinist stabbed named that G.P. he soon expired severely Sonora Railway, Guaymas, projected on with the three Gulf the THE ago to run to from a connection purchased by the It & at years California, has been Fe Company. of be will give Missouri to $3,000,000 from the of will American Atchison, completed Topeka lines, and this Santa year, the Santa a cost Fe the coast. waters through of the Pacific H. WRIGHT. who died in

22. April 14, 1882 New-York Tribune New York, NY
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TWO EFFORTS TO HANG HIMSELF. Michael Evans, proprietor of a restaurant at No. 1,414 Third-ave., appeared in the Harlem Police Court yesterday as complainant against Thomas Lee, a sailor living in a sailors' boarding-house at No. 386 Water-st., whom he charged with creating a disturbance in his place and with breaking a plateglass window, valued at $500. Justice Murray held Lee in $600 bail to keep the peace for one year, in default of which he was committed. Lee was taken to the prison and locked up to await the arrival of the prison van. Shortly afterward Keeper Glynn heard labored breathing in his cell, and hurrying to it found that Lee had suspended himself from the cell door with his shirt, which he had twisted in the form of a rope. He was cut down and with much difficulty was brought to his senses, when he was again contined in his cell. Entering the prison shortly after, Keeper Glynn found that Lee had managed to raise his head about a foot from the floor and had tied a strong piece of twine around his neck, which he had then fastened to the bars, and he was endeavoring to strangle himselt. He was again rescued. When he had recovered his senses he begged for some weapon with which to take his life, saying he was tired of living. An ambulance was telegraphed for to the Ninety-ninth Street Hospital, where he will be held for some time, as he is apparently suffering from some mental trouble. MR. CONDICT TO PAY HIS SUBSCRIPTION. When the directors proposed to revive the Mechanics' National Bank of Newark, President Halsey and Director Stephen H. Condict each agreed to contribute $250,000. The total subscription was about $700,000, The plan was to pay in full all deposits of $200 and under, and to pay all other depositors, except corporations, 75 per cent. The corporations were to receive about 58 per cent. The plan was not accepted by all the depositors and stockholders, and then Director Condict refused to pay his subscription, his excuse being that it would leave him penniless. A civil suit was brought against him and he gave bail in $250,000. He also gave $50,000 bail in a similar suit. Last evening it was announced that he would pay his $250,000 subscription. Director William Clark, who himself has to pay $75,000, having advanced him 15,000 on bonds and mortgages, and the Essex County National Bank and wealthy friends $125,000 more, also on good securities. The bank will be revived as soon as possible.

23. April 15, 1882 New-York Tribune New York, NY
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EFFECT OF MR. CONDICT'S SUBSCRIPTION. The announcement yesterday that Stephen H. Condict, the accused director of the Mechanics' National Bank, had greed to pay $250,000 toward the fund raised by the directors in partial liquidation of the claims against the bank has caused considerable talk in Newark. The proposition to the creditors has been revived in its original form and the bank will be reopened. The money which has been subscribed for the payment of the bank's debts will be placed in the hands of George A. Halsey as trustee III a few days. The conditions upon which Condict's subscription was renewed are not disclosed. District-Attorney Keasbey 18 in Washington and it is not known that be has been made aware of the new turn affairs have taken. Nor is it known precisely what the receiver will do. it is optional with him to press the civil suit or to accept Condiet's proffered payment. It is believed that he will elect to accept the arrangement of the directors. Meanwhile the papers in the criminal suit have been made out and are in the hands of the District Attorney to be forwarded to Trenton for the United States Grand Jury, which meets on Tuesday.

24. June 18, 1882 New-York Tribune New York, NY
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REESTABLISHMENT OF A NEWARK BANK. Arrangements are well advanced for the reestablishment of the Mechanics' National Bank, which suspended on October 31 in consequence of the dishonesty of Oscar L. Baldwid, its cashier. The payment of the creditors of the bank, according to a plan by which the directors subscribed $750,000 to pay the bulk of the indebtedness, has proceeded satisfactorily. Nearly all the creditors have received their checks from the fund subscribed. The plan contemplated the reestablishment of the bank. The following men are already announced as directors: George A. Halsey, William Clark, Marshall C. Lefferts, Frederick Frelinghuysen, Henry C. Howell, Stephen J. Meeker, Huzo Franzell, E. D. Gaddis, James F. Boud, Bernard M. Shanley and John T. Leverich. It is expected that George A. Halsey will be president and James F. Bond vicepresident. Both of these men were connected with the old directory of the bank. All the directors represent import: nt interests. The capital of the new bank will be $300,000, and next Tuesday the subscription books will be opened. Blocks of the stock have already been taken and many of the men who had their money with the old bank have promised their deposits. The committee of the directors are negotiating with the receiver for the purchase of the old building, the price named being $65,000. The name of the new bank has not yet been decided upon.

25. October 27, 1883 Sacramento Daily Record-Union Sacramento, CA
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BROKEN BANKS. - Chancellor Runyan has rendered a decision in the suit of Ackerman against Halsey and others. Ackerman, a stockholder of the defunct Mechanics' National Bank, of Newark, sued Pres. ident Halsey and the Directors of that institution for losses incurred through the neglect and mismanagement, by which it became possible for Cashier Oscar L. Baldwin to steal $250,000 of the bank's money. The receiver of the broken bank refused to institute suit against the Directors, and Ackerman thereon brought it individually. The defense demurred, claiming none but the receiver could sue in such a way. The Chancellor's decision overrules the demurrer and holds that the bank officials were liable personally for the failure through neglect to perform their duties properly, and that when the receiver refuses to bring suit against them any stockholder may do 30.-[Philadelphia Call.