14200. Newark Savings Institution (Newark, NJ)

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: May 16, 1884
Location: Newark, New Jersey (40.736, -74.172)

Metadata

Model: gpt-5-mini
Short Digest: 896736d5

Response Measures

None

Description

The Newark Savings Institution failed (suspended) May 16, 1884 and was placed in receivership (George B. Wilkinson). The articles describe bank-specific bad investments/transactions with Fisk & Hatch (hypothecated government bonds, large holdings of Chesapeake & Ohio and Old Dominion stock) as the cause. The institution never resumed as a going bank; its affairs were wound up in receivership and depositors were paid out by 1892. No run is described in the articles.

Events (3)

1. May 16, 1884 Receivership

Newspaper Excerpt: Mr. Wilkinson was appointed receiver and began his struggles with Chesapeake and Ohio stocks. The bank failed on May 16, 1884.
Source: newspapers

2. May 16, 1884 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Failure caused by bad investments and loss related to Fisk & Hatch hypothecation of government bonds and large holdings of Chesapeake & Ohio and Old Dominion stock.
Newspaper Excerpt: The bank failed on May 16, 1884. Mr. Wilkinson was appointed receiver
Source: newspapers

3. August 1, 1892 Other

Newspaper Excerpt: The Newark Savings Institution will pay all depositors in full on or about August 1. Receiver Wilkinson ... will then be relieved of his duties.
Source: newspapers

Newspaper Articles (9)

1. July 16, 1890 New-York Tribune New York, NY

Article from New-York Tribune, July 16, 1890

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NEWARK: Receiver Wilkinson, of the Newark Savings Insti tution. said yesterday that he expected to close up the affairs of the bank before the end of the year. Ho has already paid 89 1-2 per cent to the depositors in the new account and expects to pay within 2 per cent of the whole amount There are 12,600 checks for depositors which have not been called for, of which 4,800 are for the old account, which was closed up long ago. Abribam Lincoln was arreste yesterday for drunken ness and Degging beer money on the street. It trans pired in the police court that he was born in County Cork, Ireland, sixty years ago and served throughout the Civil War. being wounded in three different battles. Three fingers of one hand were shot off. Justice Rodrigo who is 1 veteran, let the prisoner off and bade him leave the town. The man who Is under arrest in Newark under the name of Henry Hohmann, charged with defrauding several persons, and who professed to be connected with the United States Army department of supplies, now acknowledges that his right name is Henry Deitrich, and that after serving as a private soldier In the army he got a civil position In the Brooklyn Navy Yard. where be became acquinted with the young lady who is now his wife. Dettrich, after los ing his place in the Navy Yard, got $3,000 from his mother-In-law. which lie squandered It is probable that there will be a score of complaints against him before the Grand Jury assembles In September.

2. March 20, 1891 The Sun New York, NY

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PATIENT RECEIVER WILKINSON. Still Watting for C. and o. to Go to soDepositors Gave It Up Long Age. When Newarkers are at loss for a figure of speech to express inertness they can always say with considerable force "As slow as savings bank receiver." and every mind will revert to Mr. George Wilkinson. whose profesis sion of that receiver for defunct financial institutions. He has been receiver of the American Trust Company so long that the memory of the average Newarker does not reach back to the time when he was anpointed. and he has been receiver of the Newark Savings Institution long enough to call out frequent and vigorous protests from every depositor who has not given up all hope of a Anal settlement of the affairs of that bank. The bank failed on May 16. 1884. and Mr. Wilkinson was appointed 10ceiver seven then. have Nearly years elapsed. and the affairs of the bank have not been settied up. The depositors are continually clamoring for a final settlement. Mr. Wilkinson is in no hurry. Aside from the fact that being R receiver is pleasant and not arduous means of existence with fair remuneration. he has an idea that It will be to the best interest of the depositors to wait a little longer. say until Chesapeake and Ohio second preferred goes up to 50. Then he will close out the block. of $1,200,000 which Fisk & Hatch gave the institution in lieu of good 6 per cent. Government bonds when the crash came in 1884 and they bad hypothecated the Governments which Daniel Dodd carelessly left in their custody. Chesapeake and Ohio stocks were away down then. and was wise to hold them for a rise. They went up last year. however. and it really looked as though At be that 50 Mr. reached. might Wilkinpoint son would have been able to close out and pay depositors dollar for dollar. but the stocks slumped. are somewhere in the neighborhood of 31. Mr. Wilkinson lost his chance of pleasing the depositors. is doubtful any depositor would not rather take dolmatter the have mind less of and than fret lars oter overitior it for for months and perhaps years is the That opinion those many come. who have expectati getting something out of the bank yet if it is not all eaten up by and expenses. salaries and The history failure of the bank goes bac: 1877. when suspended and was placed under the care of the Chancellor. This act gave depositors the impression that the Mtate was at the the concern and that could not possibly fall again. Chancellor Runyon allowed the same management to resume business by opening new set accounts with the depositors and keeping the old account reparate. Business boomed and the old account was being speedily paid off. when the panic 1884 1884 swept down the house Fisk Hatch Daniel Dodd. President the Newark Savings Institution. was informed the impending failure and hurried over 1be be office of Fisk office Hatch with whom bank had deposited $2 000,000 in overnment bonds. The bonds were gone- hypothecated by Fisk & Hatch who said that the Newark bank use thus them and permitted eplace them them with other securities at will. In theirplace place was alotof miscelianeous stocks P in them and bonds. valued by Fisk & Hatch satchel at $2.327.pus Mr Dodd peroud and wreck get the 968. hurried to Newark with them. glad into to get any of Newark so thing out New York creditors could not attach Before another day had passed the people of Newark were astonished the aunouncement that the bank had closed its doors. They no that securities did not believe possible. but The Government Chancellor had bonds ordered should be held by the bank. and bank was in the Chancellor's hands. How could it fail it But it had failed. Mr. Wilkinson was anpointed receiver and began his struggles with hesapeake and Ohio stocks. They had been the bane the bank for many years. In 1871 the bank purchased $1 000.000 the first mortgage 68 of this rond. In December of the same year another million WRS invested these same bonds at 85 The agents of the road were Fisk Hatch and shortly after the last purchase the bank lent Fisk Hatch stock etus on 000'008$ no 000 an exchange was made $1,270,000 of the first mortgage 68 for second mortgage 78. which in 1877 were down to 25. 25. They increased in value. and thesale of several blocks enabled the managers the bank pay dividends on the old account while the institution was the managers afterward in the hands of the Chancellor. persund Several years ed Fisk Hatch take the rest the stock at market value It said that at the time an agreement was made with the firm which in the end wrecked the the bank. The agreement. it is understood. was that the firm should have the custody of the bank Government securities and the privilege of using them at will. The first step downward was placing these securities with private firm. and when that firm was wrecked by Chesspeake and Ohio the bank went under too. The liabilities were $6,156,584.28. $6 and the estimated assets May 1884. were $4,995,836 which might be added claims against Fisk & Hatch Under Receiver Wilkinson quarterly reports have been made for about six years. Public and the depositors pio agitation forced the sale of real estate belong- the account ing to the have bank. received dollar for dollar with out interest. the new account the deof The office for postiors have received 8912 per cent. the and bank are is more. now clamoring in H small rear portion of the fine stone building formerly owned by the Newark Snvings Institution and now belonging to the Liverpool and London and Globe Insurance Company It is is a modest office. but the depositors chafe at the expense incurred even now in tardily bringing the matter to finish. Receiver Wilkinson made his last report on Jan. was as follows Cash received and passed the credit $410.85 of the from old real ac. count. 12,41,35: $2,000: on Interest hand 1890. $70,882 total. estate, $82,242.84. Paid out out depositors dividends $512 27 total from July 1, 1850. to Jan. 1MB1 $1,603,42; reulestate account, posses. realestate account. $248.09 in bank and office. $70. Assets of o 76: total. $ 2,342.84. account Cash. $70,878.76 bonds and penjua :006 stocks. realestate all. $17,420 bonds. as mortgages. collateral, 8025 and suspense account $110,673.76 673 $1,950: 7R rail- Lia bilities: road and and State Dividends depositors (not called for). 97% percent. dividend. $4,224.49; 49; 100 per cent. dividend. 16799 received in and credited to new account, $339.71 from interest, $43.05 from rents. $296 68; balance received on hand Oct. 1880, $17,578.71; in all. $17, 918.42 Disbursements To depositors 60 per cent. dividend. $185 cent $89.16: 10 per percent. cent. $160.97 per $370.54: per cent., $519.52 in all. cent.. for six months. $1,894.16 Total 81 566 32: account of Expense account three months. real estate $7.20: in all. 42. ash on hand date Assets of report. account $14,937: in all. Cash. $17,918.42 $14,957: loans. $135 hand. real real estate $3,501: total. $18,592.35 Assets on PORIVA 1011 Chesapeake and Ohio reorganization enrittes of the par value $1. $1,185 185,192: 192: Dominion Company stock. par value. $211,000; total, $1,346,192 1.jabilities o 192 new account Balance due on deposits beyond dividends declared $646,438.11 not called for. cent $5770.13 per cent.. $711 $711.07: 07: 10 per cent. per $2,093.02 cent. $2,274.82 116 per cent. TW101 of 189 The expenses of the receivership amount to between $7,000 and $8,000 year. and this Is the reasons why the depositors are terminate kicking and wondering why the Chancellor It will something does seen that do the receiver has enough money and available assets the account pay one per cent dividend. which would make 101 per cent in all. On the new account the last report shows a decrease in the cash as sets. while the securities and real estate re main unchanged. The receiver's receipts on this account amounted oonly $399 $339 71.whileth the expenses for the quarter were 1 575.52 Between October and January the cash on hand was was reduced by expenses and the payment of $1,885.90 depositors from $17 $17,578.71 $14,957. Still Receiver Wilkinson cherishes

3. May 29, 1891 The Sun New York, NY

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PATIENT RECEIVER WILKINSON. Impatient Depositors of the Newark Save ings Institution Trying to Stir Him Up. The German Pioneer Society of Newark has appointed a committee to get up a mass meeting in Saenger Hall on June 4 to bring to an issue the affairs of the defunct Newark Savings Institution and get rid of Receiver Wilkinson. who has been many years winding up the bank and is apparently willing to continue winding for several years more or until Chesspeake and Ohio second preferred touches 50. The German depositors in the old and new accounts become indignant periodically. and this time they are more urgent than they have ever been before. The sentiment expressed at the meeting of the Pioneer Society on Wednesday night was that the depositors would rather have what they might be able to get at once than receive payment in full with interest a few years hence. Patient Receiver Wilkinson wants to pay dollar for dollar on the new account. He has paid 100 cents on the dollar of the old. and hopes to do as well with the new, but it all depends upon Chesapeake and Ohio second preferred. of which the bank has a large block. received from Fisk & Hatch on the day of their failure in lieu of Government bonds, which were deposited with the firm and were soid.

4. November 9, 1891 New-York Tribune New York, NY

Article from New-York Tribune, November 9, 1891

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NEWARK. A suit in chancery involving $44,577 56 will soon be ended. The complainant is A. L. Keasbey, a lawyer, who sues to restrain Receiver Wilkinson, of the Newark Savings Institution, from prosecuting a suit against him for deficiency of mortgage. Mr. Keasbey borrowed $17,000 from the institution in 1870, giving mortgages on unimproved land in the outskirts of Newark. Another loan of $19,500 was obtained by him and Alexander T. Compton on another tract. In 1875 the interest was defaulted, and Mr. Compton became insolvent. In June, 1881, the Keasbey mortgage was purchased and the property bought in by the bank at a loss. The other property was also sold for only $15,000. Suit was begun by the receiver to recover the deficiency on both properties from Mr. Keasbey, and the latter petitioned the court, setting forth that he had performed legal services in consideration for the claim, and asking to be released. It was also alleged that the president and managers of the bank had made an agreement with him to this effect. An inquest will be held at 1 o'clock to-day at the Court House in the case of the accident at the Market-st. station of the Pennsylvania Railroad last week which resulted in the death of Freeholders McGuinness and Mullen.

5. April 11, 1892 New-York Tribune New York, NY

Article from New-York Tribune, April 11, 1892

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TOPICS IN NEW-JERSEY. DEMOCRATS AND THE PRESIDENTIAL SITUATION. THE JERSEY CITY ELECTION AND GOVERNOR ABBETT'S SENATORIAL ASPIRATIONS-SUM- MER RESORTS-NEWARK SAVINGS INSTI- TUTION-THE READING LEASE BILL Trenton, N. J., April 10 (Special). The Democrats of the State have been giving what time they had to spare from the Jersey City election to intense thought upon the Presidential nomination, and from indications of the last week they are not far from concluding that they will have to vote for Cleveland at the Chicago Convention in spite of themselves. Hill has been the favorite of the practical politicians at all times and it has been one of the most amusing sights in the world to view the sadness with which these gentlemen have gradually realized that outside of their own select circles Mr. Hill is regarded as so bad and dangerous a man that even New-Jersey would probably reject him at the polls. The intention has been to have a candidate from New Jersey. It is a safe refuge for a party which does not want to commit itself; but it would now be impossible to make a candidate of Governor Abbett, even for such a purpose, and Senator McPherson could only obtain the honor by making a solomn agreement to quit the United States Senate forthwith. Altogether, it looks now as if the Democrats of the State would resignedly agree to support Mr. Cleveland, and a good many of them would be just as willing to see Mr. Harrison re-elected as to have four years more of Cleveland. Governor Abbett's fortunes are 1Anging upon the Jersey City result, in a certain sense; that is, if McDermott is defeated for Mayor, the Governor will not survive the blow politically. If McDermott should win, the Governor will have a deal of work to do in any case; but he will still have hopes. Democrats say that he may be elected United States Senator next year if the Democratic majority on joint ballot is large enought. There is no political observer who thinks his election is possible if the Democratic majority does not exceed half a dozen. Most persons doubt whether he will be permitted to win in any case. One of the singular phases of his career in the last twelve-month has been his willingness to personally offend men of very considerable power. Secretary Kelsey, for instance, is said to be bound to support Mr. Abbett by reason of having received reappointment at his hands. Yet on one occasion at least Mr. Kelsey was cruelly humiliated by the Governor in the presence of men whose respect he cares much for, and it is impossible to belleve that the Secretary could forget the occurrence or fall of revenge when opportunity offered. The Governor's Senatorial aspiration has been the factor which controlled occurrences in Democratic politics for five years, and as the time draws near for a decision the strange drama increases in Interest. The Jersey City campaign is doing a lot of good, whatever the result is to be. The Republicans have presented an indictment of fraud, thievery and crime against the Democratic ring which has controlled the city for many years, and their case has been proved abundantly by a cloud of witnesses. Everybody in New-Jersey knows these charges against the ring are true. Eut it was not expected that they would have the Democratic confirmation they have received. It would have seemed impossible a month ago that the leading Democrats of Jersey City should assail the ring's rule with such bitterness as their words have implied. And lately it has been Mr. McDermott himself who has led the van. Why, he has sung the song of municipal reform for the last week as sweetly as if he had learned it in boyhood and chanted it day and night ever since. The cause of this amazing development in McDermott is not far to seek. The case against the Jersey City ring has been proved so conclusively that a defence has been impossible. The solitary avenue of escape for Mr. McDermott, if that indeed has been open, has been to join the hue and ery and shout "Stop thief!" just as loudly as any of the rest. It is an old dodge, of course, but it has some curious effects, and among them has been a silent determination on the part of some of the ring to get even with the man who has not had the courage to defend them. The development of Lakewood from Bricksburg and of Brown's Mills-in-the-Pines from Brown's Mills, and of Atlantic City as a winter resort from a seaside summer excursion place, and the rest of the wonderful changes which the increased desire of the American public to loaf has accomplished in the last ten years, have put an idea into the heads of those who conduct much more modest resorts. It has been successfully argued that there are many persons who like to be fashionable and cannot afford it at $5 a day, and to meet the demands of this class there are a number of small resorts along the Jersey coast and back in the pine region which have made a bid this season for the patronage of the less wealthy classes, and there are large possibilities already developed in this line which will no doubt be realized in due course of time. The fact is that nearly all of the little resorts are much pleasanter places at any time of the year than during the months of July and August. For one reason the cooking is vastly better. In the summer rush the kitchen is in charge of a cook from the city. Just how bad it is thousands will testify with tears. But the average Jersey hotel-keeper's wife is naturally a good housekeeper. In the season she disappears; out of the season she is attending to her household just as any other housewife. A clean table and well-cooked, simple food take the place of the "summer boarder" meals, and it is possible to enjoy oneself hugely without the annoyances which the crowd brings. Scores of such places are available. and if there is any genuine desire to recruit health they offer all that more expensive places yield in practical advantages. The failure of Governor Abbett to approve the Electric Railroad bill, which passed the Legislature unanimously, has been a matter of astonishment. The electric railroad system in New Jersey citles has been a great boon, and the demand for the act-which simply gave cities the right to control the matter for themselves-was practically universal. Before the railroads had fairly got running, suite had been begun by some property-owners, and the Supreme Court had decided that existing law was not sufficient. The Legislature passed the needed law unanimously and since then two of the litigants, at least, have become identified with electric railroad systems, and public opinion has been unqualifiedly in favor of extending the roads as rapidly as possible. In the face of all this, the Governor refuses to sign the act, for no earthly reason that can be discovered. The demand for electric roads is so great that in spite of the failure of the act, many of them will be bulit, the proprietors being thoroughly satisfied that the necessary legislation must come next year, and feeling that where sentiment is bo vigorous it doesn't make much difference just what the law happens to be for the time being. The Newark S Savings Institution is about to disappear, and never was the end of an old institution more welcome. The bank failed owing depositora millions. An arrangement was made by which the bank reorganized, was allowed to pay off its indebtedness as slowly as it pleased, and was permitted to receive new deposits, all under the control and by permission of the Court of Chancery. The first failure had been caused by bad Investments, yet the managers went to the same Wall Street speculators and dabbled in the same stocks which had caused the first collapse, and a new fallure was the natural and legitimate result. The liabilities this time were $6,000,000. The whole matter was then put in a receiver's hands, and has there remained for years. The "old account" has been paid in full, and there was some surplus even. The sale of real estate and the realization of other assets sufficed after a time to pay depositors 89 1-2 per cent, and the negligent managers were compelled to pay $100,000 toward this. The remaining assets were $1,200,000 of Chesapeake and Ohio second preferred stock, and $176,000 of Old Dominion Land Company stock with some other odds and ends-the scrapings of Fish & Hatch's office after the failure of that firm, which also carried down the bank. The receiver has at last sold the Chesapeake and Ohio stock at a good price and has good offers for the Old Dominion stock, and will thus have enough to pay every depositor in full in sixty

6. April 25, 1892 The Jersey City News Jersey City, NJ

Article from The Jersey City News, April 25, 1892

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CITY NEWS NOTES. The Executive Committee of the Cleveland Democratic Association will meet at Taylor's Hotel tomorrow afternoon. There will be a Cleveland demonstration at Bayonne next week. Senator Cranmer of Ocean county is in town today. He says his visit is mainly of a social character. He thinks the State delegation to Minneapolis will favor Har rison. Theodore Schoshel of No. 136 New York avenue, while trying to board a New York avenue car, fell beneath the wheels and had his leg crushed. Fred Moersch. of No. 18 Ann street, West Hoboken, the driver, was arrested. William Teefy, of No. 130 St. Paul's avenue, was committed today by Justice Davis to be examined as to his sanity. Isaac Kennedy of Asbury Park, Charles Parsons of Red Bauk and B. Judge Charles Morris of Long Branch, appointed by the Government to condemn lands for a new Life Saving Station at Long Branch, sat this morning at the office of United States District Attorney Henry A. White's office. The mills of Chadwick & Company at Greenville are now running at full force, and the strikers, although still out, have practically surrendered. The congregation of the John Knox Presbyterian Church celebrated the second anniversary of the opening of the new church on Grand street lastevening. Pastor Houston in his sermon said the church finances were in good condition. Mark Brendan, of No. 79 Clendenny avenue, attacked Policeman McInerny, who was escorting William Rogers to the lockup yesterday. Rogers escaped, but Brennan was arrested and held in $300 for trial. Cortland Parker, representing Receiver Williamson, of the defunct Newark Savings Bank, secured an order from Chancellor McGill this morning compelling A. J. Keasby to have the case of the depositors ready for argument in two weeks. Sergeant Charles McGuinness of the Second police precinct, who was thrown from his buggy at Eighth avenue and Fiftv-eighth street, New York, Saturday afternoou, is reported much better this morning.

7. June 20, 1892 New-York Tribune New York, NY

Article from New-York Tribune, June 20, 1892

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JERSEY DEMOCRATS WANT MORE INFLUENCE IN THE PARTY. THE NEWARK SAVINGS INSTITUTION PAYS ALL DEPOSITORS-GENERAL GRUBB'S CAMPAIGN-COLONEL WANSER AND THE FIRST BRIGADE. Trenton, N. J., June 19 (Special).-The eyes of politically Jerseymen are upon Chicago, and if Chicago is not embarrassed. Jerseymen at reast interested. There has been a sort of State de mand are from Democrats that the New-Jersey delegation the National Convention should climb on one side at the other. and acquire a little influence in National State affairs or by having opinions. Heretofore the Democracy has sat upon the fence and brought have up rear of the procession. The delegates who the taken & positive stand this time are Senator Mc. Pherson. who has always been a Cleveland man. and James Smith, jr., the Newark boss, who is a recent convert and has all the novice's zeal. Mr. Smith went to Chicago with ex Secretary Whitney, whose nom ination in place of Cleveland would really please him better than anything else. It is apparent. both from Mr. Smith's actions in this case and from a share he took in electing Speaker Crisp last December. that means to have himself recognized as the real leader of he the New-Jersey Democracy. Senator McPherson counts in these matters. The Senator's ideas of State never politics are limited to getting himself re-elected to the Senate with careful regularity. All that is necessary for that purpose he does, and until his candidacy for delogate- large he has been a silent factor for the most part. It would be worth the while of Democratic leaders to cultivate the Newark boss, for he is undeniably smart, and means to be United States Senator some time. The Newark Savings Institution will pay all depositors in full on August 1, and the receiver, George B. Wilkinson, will then be relieved of his duties. The savings bank failed in a general collapse fifteen years ago, but was allowed to resume business again. Fisk & Hatch were its agents, and the bank became loaded with Chesapeake and Ohio and Old Dominion Land Company stocks, and other securities which were called worthless. It failed again. The first time It owed ten millions and the second time six millidos. Receiver Wilkinson has closed out both accounts without loss of principal to depositors. and the sacrifice of interest on the second account sonly about 3 1-2 per cent, or say a year's interest. The receiver will get a good deal of praise for his management, which has been especially skilful in selling off the great holdings of the stocks men tioned without breaking the market and at good The failures were injurious to Newark's prices. financial interests, coming with other like disasters, and the city suffered from them. Now that all the Institutions which failed have been closed out to with honor and without real loss depositors, And every Newark financial institution but is not only earning handsome dividends, is guided by conservative policy, the city justly claims higher confidence in financial circles than ever, and its claims are evidently recognized. The same city's differences with the East Jersey Water Company are in process of settlement. The company falled to complete the water works according to contract, but still insisted that the city should pay the money which the contract required should be paid on fulfilment. This was regarded as cheeky enough to be funny, more especially as the city has ample security to compel the company to do what It agreed to do. Meanwhile the city is getting pure water, and will probably be generous enough to the contractors, who need money to pay over a part of the funds asked and hold the remainder until the contract is finished. The East Jersey Company is backed by the Lehigh Valley Railroad. General Grubb's return from Europe means the opening of the Republican campaign for Governor. The Minister to Spain will tender his resignation this week or next at Washington, and has announced himself as a candidate for the Republican nomination. He received this nomination three years ago, conducting a gallant if unsuccessful campaign. Gener Grubb does not claim any mortgage on the nomination, but does believe he could make a winning fight. ExCongressman John Kean, jr., of Elizabeth, will be a candidate for Governor also, and the nomination will be sought by others as well. Mr. Kean has been chairman of the State Committee, and has warm friends who are convinced that he would have unusual strength before the people. It is certain that the Republican campaign will be no perfunctory affair, but will be a fight to win. The election in Jersey City has shown that the Democratic majority in Hudson County can be kept down by energetic efforts to have a fair election, and there is a Republican majority outside of Hudson. The Democrats are considering their candidates for Governor with much dublousness. Judge Andrew Kirkpatrick, of Newark, seems to be the most prominent candidate at present, for Essex County claims the nomination, and Mr. Kirkpatrick would be popular with the party there. Some importunity has been made for the selection of somebody after the kind of Altorney Stockton. and there is always a party in favor of the Democratic war-horse of ancient renown. The reorganization of the First Brigade, which was to have been ordered in a timely way in order to said the election of Mayor Wanser, of Jersey City, to prevent the vacant brigadier generalship, has been provoca- the tive of trouble far and wide. in consolidating there regiments old ofhers have been turned out, there and have been deadly jealousies aroused. Then been have caucuses 01 factions which have divided the inplaces among favored few. and this has caused the linate talk. It was blunder to reorganize subor just when it was done. and it is likely to hurt brigade service for long time to come. The brigadierthe is still in doubt, however, and Colone] Wanser to ship still be successful. This would lend humor may the whole business. Colonel Wanser is unquestionably best litted for the place. The seashore traffic has begun with activity, The and trains will begin runhing this week. facilities special for reaching the shore are greater than ever the attractions of the coast seem to be as strong and heretofore. There have been some improvements as more especially below Long Branch, and the made, of Trenton and Philadelphia people going number thither is expected to be larger than usual. The will Na Guard encampment at Sea Girt this year be tional that of the Second Brigade and will be the occasion of much festivity AS usual. Two Republican leaders and citizens, who have great for numb P3 of personal friends, are about leaving Hobart. Enrope-George A. Halsey and Garret A. Both go partiy for health and partly for pleasure. Travel on the Delaware, Lackawanna and Western this summer is large, the number of New Railroad business men who have summer places on the Morris York and Essex branch having increased wonderfully in the last two years. Nearly all of the fashionable places are full of cottagers such spots of beauty as Short Hills are seeing improveme on liberal scale, and their future seems to be assured. the Large new are expected in consequence of developments railroads. in Mainfield a new electric railelectric is being constructed, which seems likely to add a road good deal to the rapid growth of N. very charming town. The annual excursion of the New-Jersey Editorial Association this month will be to Richfield Springs, with a two-days' stay at Delaware Water Gap. The excursions are socially pleasant. and a large representation of the New-Jersey fraternity, with perhaps about as many guests, will participate. this year is full of promise. and It

8. June 20, 1892 New-York Tribune New York, NY

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NEWARK. Mr. Wilkinson, receiver of the defunct Newark Savings Institution; announces that he will pay all the depositors of the new account in full on or about August 1. The bank made two failures and the receiver has had to do with two sets of depositors. The bank was allowed to resume after the first failure in 1877, by an arrangement made by the Chancellor, and the second failure occurred In May, 1884, while the old accounts were unliquidated. In process of time the depositors of the old account received principal in full, and the receiver had on his hands a miscellaneous lot of securities, including about a million and a half of Chesapeake and Ohio bonds which were unmarketable. Recently these securities have greatly appreciated in value and enough income has been received to pay a remaining fifteen per cent due the new depositors. with also a fraction of one per cent as interest. With this payment the affairs of the bank will be closed up and the receivership will be ended.

9. August 21, 1892 New-York Tribune New York, NY

Article from New-York Tribune, August 21, 1892

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The employes of ex-Congressman George A. Halsey went on their annual excursion to Highland Beach yesterday. Mr. Halsey sent them a cable message from Europe. Receiver WilkInson, of the defunct Newark Savings Bank, has paid already 5,500 of the 14,000 depositors who had money In the bank when it failed. Health Officer Lehlback is making an analysis of the water of the Newark water supply. He said the recent green color is caused by decomposing vegetation which is common in all new reservoirs, but that it Is not injurious to health. A son of the Rev. C. S. Woodruff, of Newark, was seriously injured internally by a runaway at Montclair yesterday morning. F. G. Prime, of Summit, and Clinton Baldwin, of Verona, were badly cut. Robert Simpson, the well-known pawnshop-owner of No. 195 Bowery, New-York, was a prisoner in Sheriff Haussling's office yesterday, on 8 writ to satisfy a claim of $475. The writ was issued at Trenton by the Supreme Court, and Deputies Benedict and Collins found Simpson at his nephew's home in Montclair. He was taken to Newark and locked up in the Court House after midnight of Friday. At noon yesterday he gave ball and was released. It is understood that the writ was issued on account of valuable pledged diamonds for one Emma Brandt. Simpson said he knew nothing about it, as he had net been at his store for five weeks.