Article Text
Another Bank Suspension. Albion, N. Y., Aug. 22-Owing to the absence of the president, the business of the First National bank of Albion is suspended by order of the board of directors, until an examination can be had of its affairs.
14743. First National Bank (Albion, NY)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 166
- Charter Number
- 166
- Start Date
- August 22, 1884
- Location
- Albion, New York (43.246, -78.194)
Metadata
- Model
- gpt-5-mini
- Short Digest
d11f0b77
Response Measures
None
Receivership Details
- Depositor recovery rate
- 35.0%
- Date receivership started
- 1884-08-26
- Date receivership terminated
- 1893-04-19
- OCC cause of failure
- Fraud
- Share of assets assessed as good
- 26.1%
- Share of assets assessed as doubtful
- 20.8%
- Share of assets assessed as worthless
- 53.1%
Description
Board of directors suspended business on Aug 22, 1884 due to disappearance and defalcation by President A. S. Warner; inner safe forced open and little of value found; Comptroller appointed a receiver (Henry J. Anderson) Aug 26–27. No contemporaneous report of a depositor run; bank moved into receivership and appears wrecked/closed.
Events (5)
1.
December 22, 1863
Chartered
- Source
- historical_nic
2.
August 22, 1884
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- President A. S. Warner disappeared after allegedly issuing estate notes and speculating; suspected defalcation and empty inner safe; board ordered suspension pending examination.
- Newspaper Excerpt
- Owing to the absence of the president, the business of the First National bank of Albion is suspended by order of the board of directors, until an examination can be had of its affairs.
- Source
- newspapers
3.
August 25, 1884
Other
- Newspaper Excerpt
- The inner safe of the suspended First National Bank is now progressing. But little hope is entertained that the securities will be found. ... It is believed that Warner, the President, has completely gutted the Burrows estate ... Ample proof of large speculations by him in Wall street have been discovered. A large amount of Warner's private paper is out.
- Source
- newspapers
4.
August 26, 1884
Receivership
- Source
- historical_nic
5.
August 26, 1884
Receivership
- Newspaper Excerpt
- The Comptroller of the Currency has appointed Henry J. Anderson receiver of the First National Bank of Albion, N. Y., wrecked by its president, Warner.
- Source
- newspapers
Newspaper Articles (21)
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TELEGRAPHIC BREVITIES. A great meeting of the Irish National League was held in Dublin yesterday. Five persons fell from scaffoldings in different parts of the city of New York Wednesday. Two men were killed. The New York Tribune's Maine correspondent predicts a Republican majority of 10,000 in September. The Democratic papers concede 5,000. Miss Dora Buck has mailed at Lincoln, Neb., papers establishing her relationship to Private Henry, and authorized the .Coroner to take up the remains. All property of the Sprague Manufacturing Company at Augusta, Me., was sold by auction yesterday. What fifteen years ago cost $2,000,000 realized about $200,000. The Republique Francaise says Once war is declared, a few hours' bombardment and some red-hot shot will suffice for France to get possession of Formosa and lay Foochow in ashes. Indian Agent McGillicudy, of the Pine Ridge Agency, in a letter to the Commissioner of Indian Affairs, says that the son of No Water recently attempted to takethe agent's life. A dog brought to New York by the Greely relief expedition deliberately committed suicide by jumping overboard from the steamer Bear. It is supposed the warm weather demoralized it. Owing to the absence of the President, the business of the First National Bank of Albion, N. Y., has been suspended, by order of the Board of Directors, until an examination can be had into its affairs. A special from Troy says: Rev. Dr. Hovey was arrested in the streets Tuesday when intoxicated and on the verge of delirium tremens. He begged to be sent home, but was sentenced to jail for ten days. The remains of the eminent war correspondent, McGahan, arrived at New York from Constantinople yesterday morning. After lying in state in the Governor's room at the City Hall, they will be forwarded to his Ohio home. A Dublin special says there was great disappointment and some irritation at the Irish National Land League meeting Wednesday, because of the absence of Parnell, who was engaged with a shooting party at Wicklow. The marriage of Francis Stout, of New York, to Miss Emily Meredith Reed, daughter of General Meredith Reed, exMinister of Greece, at Newport, R. I., yesterday morning at the residence of the latter, was an exceptionally brilliant affair. In his answer to a criticism of his course in not crossing Littleton Island, Greely says that the tide between Cape Sabine and Littleton Island ran like a mill-race, full of heavy ice, rendering the attempt to cross exceedingly dangerous and well nigh impossible. The farmers of Iowa, New York and Northern New Jersey Wednesday gathered on the shores of Rockland Lake, and celebrated the annual harvest home festival, or Grangers' pienic. It is estimated that from 12,000 to 15,000 merry-makers were present at the Sylvan Groves. In view of the developments respecting the presence of pleuro-pneumonia among herds of Jersey cattle in Illinois, Governor Hamilton has called the State Veterinarian, Pareu, to Springfield, to consult upon steps to be taken. The Epler herd, where the trouble first existed, came from Ohio. and
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Forcing Open the Doors. ALBION, N. Y., August 22.-The work of forcing the doors off the inner safe of the suspended First National Bank is now progressing. But little hope is entertained that the securities will be found. One of the depositors has become insane. It is believed that Warner, the President, has completely gutted the Burrows estate, of which he was trustee, Ample proof of large speculations by him in Wall street have been discovered. A large amount of Warner's private paper is out.
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ALBION-BANK TROUBLE. WARNERS CROOKEDNESS. Partientars of the Suspension of the Albica First National Bank. sterday we published a telegram anthe suspension of the First NaBank of Albion, N. Y., and the of the president, Mr. A. S. Warner. interest is given to this affair in that ighter of the late Roswell P. Burrows, of the heirs to his fortune, is a of Richmond, having married Mr. Warwick, of this city. The follow. pecial to the New York Times gives particulars: village of Albion was to-day thrown the wildest excitement over the notice which appeared upon of the First National Bank: Owing to the absence of the president business of this bank is suspended by of the Board of Directors until an nination can be had of its affairs." T. Coan, cashier of the suspended said that Mr. A.S. Warner, the presleft Albion for St. Catharines. Onon the evening train of August 13th. ressing his intention to proceed to New from that place. Since that time has been heard from him. Teleof inquiry have been sent. but no mation of his whereabouts has been The inner safe of the bank. to Mr. Warneralone held the combinahas remained closed, and this fact, with the suspicions excited by president's prolonged absence, eaused Coan to call a meeting of the directors, suspended business pending a full inof affairs. Mr. Coan expresses that the depositors will be paid in directors of the institution are AlS. Warner, president: R. T. Coan, Mrs. Boswell Burrows, and ClemThe Inst published statement, July 5tb, gave as resources, loans, discounts, $180,975: other resources, liabilities, deposits, and certifi$154.800; capital, $100,000; surplus undivided profits, $27,000. The Burestate held nearly all the stock, and appeared entirely in the control arner in his capacity of executor. Inshows that be has disposed of estate as follows: In a deed dated 26th. real estate to W. A. Parmety. decration. $2,500: to Alexander Titler, tochester. his residence for $5 and cerindebtedness. There are also two dated August 9th. to George A. for $1,450; 8 mortgage on the Alskating-rink and stables to secure a of $5,000 to H. H. Warner, of Rochesthe death of Roswell P. Burrows, in 1879, A. S. Warner has been the managing executor of the vast Burrows in value variously estimated at from to $10,000,000. The testator apfour executors-his wife. his son, Burrows, and his sons-in-law. AlexStewart and Mr. Warner. Owing to causes, including the death of Mr. and the total incapacity of W. R. Mr. Warner has had full charge estate. He hasnot been extravagant style of living, but it is rumored that operated in stocks, but with what has not been made known. He hes considerably interested in pohhas never held any public office. Warner held undisturbed possession Burr WS estate, and no attempt was to bring him to any account until last illiam R. Caulkins, hose name become somewhat familiar in this city count of his connection with several litigations, including & libel suit the Herald, was employed last winconfide tial business agent of William urrow*. Mr. Caulkins secured the serof Theodore Bacon. of this city, as and on the 29th of April Mr. Bapresented in the office of the Surrogate Irleans county a petition for a citation Warner to render an account of property. On the 9th of June an order granted directing Mr. arner to show on the 23d of the same, why he not render an account of his ardship. When the 28d came round did not appear, either in person or ounsel. and an order was made direct. him to file, on or before the 18th of an inventory of the estate and an of his transactions as executor. also directed to furnish Mr. Bacon a copy of this document on or before 15th. Mr. Bacon did not receive and on Monday the 18th, when he to Albion, he found that Warner filed acount or inventory, and that be had in the village for several days. Surrogate immediately made an order Warner's letters testamentary and
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by the sheriff against A. S. Warner. Parma-ly's claim against Warner is over $10,000, for money loaned. Thomas Williams, bank examiner, has been sent here by the Comptroller of the Currency, and proceeded immediately to the bank and took charge. William Corkhall and Asa B. Norcross, the experts sent by Sargeant & Greenleaf to open the vault, are drilling the door. Lorenzo Burrows, jr., and Judge Burrows, of Buffalo, left Albion for New York last night. The correspondents of the suspended bank in Rochester were the Merchants' Bank and Bank of Monroe. When the Orleans National Bank opened its doors this morning a small number of depositors drew but a small amount of cash, and E. Kirkham, the president, said the bank was ready to pay all dues. A Virginia coal mine belonging to the Burrows estate never paid a dividend. E. K. Hart said he thought the depositors in the First National would lose a very small amount, if any. The vault of the First National Bank will probably not be open for three or four days. Bank Examiner Williams is positive the depositors will all be paid in full. Cashier Coon is also of the same opinion. Mr. Williams states that no authentic list of depositors will be given out till he knows where the bank stands. County Treasurer Wall has about $2,000 in county and trust funds in the First National Bank. Mr. Williams will remain until the investigation is fully completed.
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ALBION'S LOCKED UP BANK. Experts Still at Work on the Safe. ALBION, Aug. 24.-The situation at the First National bank of Albion remains the same. Nothing is known or can be known till that little steel chest is opened. The bank officials and the persons in charge will say nothing. The failure of the bank and Warner's disappearance are still the all-absorbing topic of conversation, and those who had confidence in the man and the bank are fast losing it. Depositors are offering their claims for seventy and seventy-five per cent. with no takers. E. K. Hart says the Orleans County bank is prepared to pay all it owes, but there has been no run and none is expected. The sheriff in the suit brought by W. A. Parmaly has attached everything that can be found belonging to Warner, which is not much. No provision was made by Warner for the support of his family, which surprises everybody, as he was thought to be very fond of his little boy "Rossie." The bank windows are so shaded that it is impossible to look in, much less to enter. One of the family of Lorenzo Burrows says he is almost sure that Warner has gone to Europe and expresses the opinion very emphatically that nothing of any consequence will be found in the safe. Cashier Coan still asserts that the depositors will be paid in full. LATER.-There are no new developments in the case. The steel safe has not yet been forced, but the experts by inserting a wire through the drilled hole can feel that there are papers inside.
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The Albion Bank Vault Empty. ROCHESTER, N. Y., Aug. 25.-The inner safe of the First National Bank of Albion has been forced. Although those present at the opening made no authoritative statement, it is generally understood that nothing of value was found. Mrs. Eliza Glennhas begun action against Louise C. and William R. Burrows, each individually, as surviving executors of the will of Roswell Burrows, deceased, upon a note for $2,750 given by Warner as executor of the estate, and asks for 1 receiver pending the determination of this aclion. Bank Examiner Williams refuses to enighten the depositors as to the condition of affairs.
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Nothing In 11. ROCHESTER, Aug. 25.-The inner safe of the First National Bank of Albion was foreed open. Although those present at the opening made no authoritative statement, it is generally understood that nothing of any value was found. Mrs. Eliza Glenn began an action against Louise C. and Willliam R. Burrows, each individually as surviving executors of the will of Roswell Burrows, deceased, on a note for $2750, given by Warner as executor of the estate, and asks for & receiver pending the determination of the action of the bank examiner.
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The Burrows Estate. ROCHESTER, Aug. 25.-A schedule of the Burrows estate at Albion, as it existed in 1879, the date of Burrows' death, shows an estate of $175,000,000. The safe of the bank was opened to-day. Examiner Williams refused to reveal its contents. Eliza Glenn commenced action in the Supreme Court for the appointment of a receiver of the First National bank. The inner safe of the First National bank of Albion has been forced. Although those present at the opening made no authoritative statement, it is generally understood that nothing of any value was found. Bank Examiner Williams refused to enlighten depositors as to the condition of affairs.
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Criminal Proceedings to be Begins Against A. S. Warner. Judge Burrows, of Buffalo, has issued instructions to the district attorney to begin criminal proceedings against Albert S. Warner, the missing president of the First Na. tional Bank of Albion, N. Y. Mr. John S. Langworthy, Deputy Comptroller of the Currency, has appointed Henry J. Auderson receiver of the sus spended bank. It is stated on good authority at Albion that Warner has 18sued notes of the Burrows estate to an amount exceeding the value of the estate. It is now thought that the depositors will realize nothing. County funds to an amount not divolged were on deposit in the bank. A warrant has been issued for the arrest of Warner, who is thought to be in Canada.
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BUSINESS COMPLICATIONS. Warner's Rascalities in the Burrows Estate Management. ROCHESTER, N. Y., Aug. 26.-It is stated on good authority at Albion that Warner has issued notes on the Burrows estate to an amount exceeding the value of the estate. It is now thought that depositors in the bank will realize nothing. County funds to an amount not divulged were on deposit in the bank. A. warrant has been issued for the arrest of Warner, who is thought to be in Canada. CRIMINAL PROCEEDINGS BEGUN. BOSTON, Aug. 26.-A special dispatch from Albion, N. Y., says: "W. R. Caulkins, of Boston, partner of W. R. Burrows, in the medicine business, IS here to-day for the purpose. as he states, of securing a warrant for the arrest of Albert S. Warner, the missing President of the First National Bank. District Attorney Knapp says that papers have been placed in his hands by Judge Burrows, of Buffalo, on which he will begin criminal proceedings against Warner. These are the first steps of this nature taken in the case." A RECEIVER FOR ALBION'S BANK. WASHINGTON, Aug. 26.-The Comptroller of the Currency has appointed H. J. Anderson receiver of the First National Bank at Albion, N. Y., wrecked by its President, Warner. JUDGMENT CONFESSED. JAMESTOWN, DAKOTA, Aug. 26.-R. E. Wallace, President of the First National Bank of this city, has made a confession of judgment to his brother, Charles S. Wallace, of Newcastle, Pa., in the sum of $80,000, and the bank has suspended business. It is understood that depositors will be protected by securities.
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Business Troubles. The Deputy Comptroller of the Currency ou Tuesday appointed Henry J. Anderson receiver of the First National Bank of Albion, New York. It is said in Albion that Warner has issued notes of the Burrows' estate to an amount exceeding the value of the real estate. The depositors, it is now believed, will get nothing. County funds were deposited in the bank, but the amount is not known. A warrant has been issued for the arrest of Warner, who is supposed to have fled to Canada. Theschedules in the assignments of the lumber firm of Bliss & Elliott, of Minneapolis, show the liabilities to be $189,500 ; the assets $132,500. R. E. Wallace, President of the First National Bank of Jamestown, Dakota, has confessed judgment to his brother, Charles S. Wallace, of New Castle, Penna., in the sum of $80,000, and the bank has suspended. It is thought the depositors will be protected by the securities."
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Receiver Appointed. [Bytelegraphto the Dispatch.] WASHINGTON, August 26.-The Comptroller of the Currency has appointed Henry J. Anderson receiver of the First National Bank, of Albion, N. Y., wrecked by its president. Warner.
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Appointed Receiver. WASHINGTON, D. C., August 27 --John S. Langworth, deputy Comptroller of the Currency, has appointed Henry J. Anderson receiver of the First National Bank of Albion, N. Y.
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responding period of 1883, the clearings showed a decrease of 24.7 per cent. ON the 25th Secretary Folger called in $10,000,000 in three per cent. bonds. The East. ON the 21st reports received in Boston from 325 points in New England indicated that the hay crop this year would be about thirty per cent. less than it was a year ago. THE President of the Irish National League of America, Patrick Egan, de clines to receive the $3,000 salary attached to that office, preferring to give his serv ices the cause gratuitously. A.X. PARKER has been renominated for Congressman by the Republicans of the Nineteenth New York District. MANUFACTURING companies at Lowell Mass., have decided to shut down for a week, commencing September 1, by reason of the accumulazion of goods and low prices. THE officers of the Greely relief expedi tion were received by President Arthur at the Fifth Avenue Hotel, New York, or the 21st. Secretaries Chandler and Lincoln and General Butler were present. LIZZIE WATSON, a young girl, was brutally assaulted and then choked to death while returning to her home from market at Yorkton, Salem County, N. J. a few evenings ago. Three colored mer had been arrested on suspicion. THE Sprague Manufacturing Company's property at Augusta, Me., which fifteer years ago cost $2,000,000, was sold a fev days ago at auction for about $200,000. ON the 21st the directors of the Firs National Bank of Albion, N. Y., were forced to suspend business, owing to the continued mysterious absence of the Presi dent, Albert S. Warner. The deposits ag gregated $154,000. WHILE tunneling recently in a mine a Shamokin, Pa., seven men and elever mules were killed by the fumes of gas. A COLLISION between two freight trair recently in the yard of the Pennsylvani Railroad at Columbia destroyed four car filled with sheep and hogs. The wrecl caught fire and upwards of eight hundred animals were killed. THE Executive Committee of the Na tional Labor party met in New York City on the 22d, and the Committee on Legisla tion reported that the principles desire by the National Labor party had been in corporated in both the Republican an Democratic platforms, and they recom mended co-operation in each and every Legislative district with one of the regu lar parties for the election of men pledge to legislate in the interests of working classes. THE recent burning of a temporary stag ing used by the carvers in Cedar Hil Cemetery, at Hartford, Conn., ruined th elaberate Italian marble column at th grave of the late Govern Edwin D. Mor gan, of New York. SEVERAL houses were struck by light ning in Lansingburg, N. Y., during a hail storm the other afternoon. At Greenbusl lightning struck the house of Clark Lape and Miss Ida Lee, one of the inmates, wa badly burned. The house of John Matti son, at Cambridge, was struck, Sarah Al len killed, and a daughter of Mattison fatal ly injured. A FEW evenings ago the United State steamship Tallapoosa, with one hundre and forty officers and men, was sunk o Martha's Vineyard, by collision with tb schooner James S. Lowell. The lives of a but four persons were saved by other ves sels. The Tallapoosa was on her way t Newport to take Secretary Chandler o board. MANY cattle were killed during a recer thunder storm at Dover, N. H., and mile of telegraph and telephone wires wer torn down. Considerable damage wa also done to the crops in the Connecticu Valley. AT the session of the American Bar A sociation at Saratoga Springs on the 22 John W. Stevenson, of Kentucky, wa elected President, and Edward Otis Hinl ley, of Baltimore, Secretary. I ON the 22d Examiner Williams too charge of the First National Bank of A bion, N. Y. It was learned that Alber S. Warner, the absconding President, ha been speculating in stocks for the past fiv years. CLARK W, SANDERS, inspired by insan jealousy, a few ago entered the store ( Daniel Carr, at Montpelier, Vt., and sho him dead. When the murderer was take in charge he expressed no regret, and sai he was prepared to atone for his crime o the gallows. ON the New York & New England Rai road a train was thrown off the trac near Quinebaug, Conn., a few days ag One smoker and a passenger car fe down an embankment a distance of twent feet. Many persons were seriously i jured. AT Emsworth, Pa., ten miles from Pitt burgh, a well bored for gas was on tl 24th flowing oil and salt water, and B tracted hundreds of visitors. WHILE laboring under delirium tremer the other day Fennimore Clayton, of Coo erstown, N. Y., shot and killed his on son, aged two years. ON the 24th Captain Pratt, Superi tendent of the Indian training schol a Carlisle, Pa., returned from New Mexic bringing seventy-seven young Indians . the Pueblo tribe, ranging in age from nir to twenty years. The next term of tl school will open with four hundred pupil ALL the bodies, seven in number, ha on the 24th been recovered from the burr ing coal mine at Buck Ridge, Pa. AT Pittsburg Po. texas welking
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CITY AND SUBURBAN. THE GREAT BURROWS ESTATE. Some Particulars Concerning the Property Here and in the State of New York. Mr. John B. Lightfoot, Jr., the manager of the coal property in Virginia belonging to the Burrows estate, returned here yesterday from Albion, N. Y., to which place be was on his way when he saw in the Dispatch the first announcement of Warner's defalcation and flight. He had just before that time received instructions not to recognize Warner's orders as executor, and supposed that there was some trouble, but of its nature he had no inkling until he started for Albion. Mr. Lightfoot was away from here a week, and is about as well-posted as anybody concerning the affairs of the estate generally. He thinks that the personal property now secure, with some which has been traced from Warner's hands and will probably be recovered. will pay off all the debts of the estate and leave something over. The estate, besides bonds. stocks, &c., owns in unfneumbered real estate the Burrows homestead in Albion (a handsome and valuable piece of property), two other residences. and a block of business buildlines (in one of which the bank 18 located) in the same place, and 25,000 acres of land in Iowa (said to be worth $10 per aere), and the Midlothian coal property, in Chesterfield (1,900 acres). This last, though not now productive, is regarded as worth a good deal of money. The whole property was devised so that only upon the death of Mrs. Burrows can the estate be distributed. It is then to go into four parts. Warner, who was the president of the First National Bank of Albion and managing executor of the estate, is a good. looking and prepossessing man of thirtynine, and in his visits in Richmond, which have been quite frequent, has often been taken for Major John W. Daniel. He is now believed to be in Canada, and a warrant has been issued for his arrest. He carried away with him the secret of the combination lock of the vaule in which the valuable papers of the estate were supposed to be kept. and it was only after several days' work that an entrance could be effeeted. Mr. Lightfoot knows what the search in the vault revealed. but is instructed by the United States Bank-Exami. ner not to make any disclosures until the Examiner publishes his report. Young William R. Burrows. who was poisoned in Boston-by whom is not known-is now at his mother's home, in Aibion, and IS getting better. The effect of the poisoning was to paralyze his legs and hands, but in the week past there have been marked improvements in his condition and his complete recovery is hoped for. The Receiver in Charge of the Bank - An Unfounded Rumor. (Special telegram to the Dispatch.) ALBION, N. Y., August 28.-The name of Warner is still on the lips of all, but the intensity of the excitement has subsided. Receiver Anderson arrived from Scranton last evening and assumed charge of the bank this morning. He will say nothing until be investigates the condition of affairs. United States Bank-Examiner Williams told your correspondent that he had completed his report to the Comptroller of Currency, and it would be in the latter's hands this (Thursday) evening. Mr. Williams said: 1 don't think that report will be made public by the Comptroller, and I cannot tell you what is in it. for I am bound to secrecy as a United States official, and you will have news enough without that. The rumor that the Burrows heirs had Alexander Stewart's body exhumed to search for evidences of poison by Warner is baseless.
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ficers during the escape of prisoners last week. Cunningham was in for life for killing the seducer of his sister; Bradley for horse stealing, term to expire October next. The private banking house of Northrop & Co., at Platteville, Wis, closed its doors, just why is impossible to ascertain. For some time the bank has been unable to cash foreign exchange for want of currency. Their deposits will not exceed $10,000. George W. Eastman, the silent partner, has assared the creditors that they shall have every dollar due them in a short time. The United States steamer Powhattan arrived at Now York from a three years' cruise. On her deck lay a box containing the remains of the famous war correspondent, Janaurius Alovsius MacGahan, who died in Constantinople in 1878. It had afterward been transferred to Lisbon by the United States steamship Quinnebang, and then the Powhattan brought it to New York. The American Bar Association in session at Saratoga, elected the following officers: President, John W. Stevenson of Kentucky; secretary, Edward Otis Hinckley of Baltimore; treasurer, Francis Rowle of Pennsylvania; executive committee, L P. Poland, Vermont; Simon E. Baldwin, Connecticut; William Allen Butler, New York. The secretary and treasurer are ex-officio members of the committee. A vice president and local council of four were elected for each state belonging to the association. Owing to the absence of the president, the business of the First National bank of Albion, N. Y., is suspended by order of the board of directors until an examination can be had of its affairs. The president, A. S. Warner, departed from Albion, last Wednesday, taking with him the combination for the inner safe, and it is likelv his absence will continue for some time. The condition of the bank can't be ascertained till an examination is made and the safe opened. Great excitement prevails in ihe village, and it is feared depositors will lose heavily.
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GONE TO JOIN ENO. First National Bank President of Albion, Warner N. of Y., the Takes the Burrows Refuge Es- in Canada Which After Despoiling He Was Managing Closed in Execu- Con. tate, of Doors of the Bank the Cause. sequence-Stoc tor-The Stock ALBION, Gambling N.Y., August of 22. the suspension First Excitement National over Bank hopeful the runs as high, to the Cashier result Coon is not very of the inner safe when the examination safe should contain it is all the bank's securities, Warner has of blown that open. President This but how- it not is suspected them intact. Mr. Coon the says, ever, that in with interest. be paid in full on deposit $150,000 left on were left will over Warner any event depositors July saying There 1st. the President the 18th inst., and evening of to St. Catharines, is believed he was going York City. It the he is still in transferred that month he has will be claimed that past thence to New it Canada. During of all actual the his property, but void for want has lately assignments are Mr. Warner on which consideration. fine roller rink, favor of $5,000 a mortgage The deeds is a of Rochester. placed on completed there H. Warner, not in War- rec- and H. mortgages after were his departure. here, and, ord until and child are provided as known, is for so by him. His his ner's far wife with absence unsatisfactory not estate. generally man- Al- it connected of the Burrows were appointed, to agement five executors that Warner, owing affairs. The though became his business necessary qualifications, of should ten estate have filed milgeneral charge at from eight to ever was estimated inventory was will be lions, and as no made, it Warner's or complete before records the result of as most some time can be the management held known, by the estate. Uni- of Lorenzo old and the bank Burrows, stock IS President feeble of and man, it an the executors, been disis one of that he has long is no secret way in no versity, satisfied with the affairs, which but Warner at- to administering to bring Warner tempt was was made recently, when Burrows, through until millionaire, held R. Calkins, obtained an to of court requiring fill an W. son account power of the attorney, deceased of Boston, who him inventory. order show his from cause the why he should attention not to this, the and in- an Warner paid no issued requiring 18th. As order ventory was to then be filed to appear on the on authority that day, as Warner failed revoked his a mild the executor, Surrogate and became whathad a certainty. by before those be who There n a knew is doubt that he has money in Wall overdrawn his Warner's no suspicion habits, entertained street. sunk Rumors great The ac. deal he of had heavily unfounded. very that are pronounced been considered for has a favorite as well as count solid, bank and and always was laboring men, is depository a young man farmers Warner having business and he was of fine appearance, firms. personal friends, capable. while not As looked a boy upon as favorite numerous and the deceased he was a Burrows, honorable great who with rapidly one of promoted the exof banker, him, ecutors and of finally worth his immense $10,000 made him estate, a year. the a property, position He has, sole much to his caring an engineered probably as s almost the family its affairs manager apparently demanding not account own aga of his lay Mr. liking, offend stewardship. him by at A the few point months of death CalBoston, Mr. during to that a kins, at to young the the Burrows this at action residence period soon requirean that transpired of and accounting it Calkins Calkins was began Warner. It made against by Warwho were with and the to poison was and conspiracy ner from his wife, had relatives been of accused Burrows the brought invalid a The matter found systematic arsenic. attempt who no by with Grand Jury, removed before and friends to home in to revoke his bill. Young mother's the Burrows a hotel, was this subsequently village, the afpower of attorney LATER. was to ter his having been induced given to Calkins. opened The safe at Warner's and house in it light were on found his yesterday afternoon, which throw has used all some papers It appears he securities bereal was the Burrows estate he could benefit. that transaction longing to The available The estate estimated of the has for thousand amount his not dis made own of pose away with securities of. is several half he hundred a million. been discov- From accounts, has been the that ne assumed began ered, his dollars, possibly he it has gambemanagement He in stocks imme- to an dol- to ever diately of the since estate to several buy in and 1879. hundred sell estate stocks thousand seems the amount monthly. of The of real the property. stock of lars be all that 18 left 000 of capital belongs to the Of the $100, of $90,000 looks as if Warner that he bank, upward estate. squandered It that all belongBurrows absolutely of, not only had been put in in his his integrity. could has ing to get hands the estate, hold by others but all who that had confidence MARCH
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Genuine pleuro-pueumonta exists in Illinois. Warner & Merritt, fruit dealers of Philadelphia, have falled for half a million. Madame Patti has signed a contract with Mapleson to sing in America the coming winter. Hanlan, the oarsman, has lost the title of champion, having been beaten by Beach in Australia. Conspirators in Mexico have plotted the assassination of General Diaz and the abrogation of President Gonzales. The advocate for Mme. Patti has presented 11 petition at Paris for a divorce from her husband, the Marquis de Caux. The plan of the expedition for the relief of General Gordon has been settled. King John is to assist by a flank movement. A terrible plague of locusts has visited Central Spain and the damage to crops about Cinbad Real is placed at $10,000,000. A child was beheaded on the track of the Wabash railroad by a train before the eyes of its parents, who were running to its rescue. The wheat and oat harvest in Dakota exceeds expectations. The wheat vieid is from 20 to 28 bushels per acre, and oats from 45 to 90 bushels. The Greely records have been received in Washington and will form the material from which Lieutenant Greely will make up his report. In the New York, Boston and Philadelphia pool rooms the bets are strongly in Blaine's favor. In Buffalo the betting is In favor of Blaine. The Democratic Convention of the Second Maryland Congressional district, after taking 1,408 ballots without effecting a choice, adjourned sine die. Some relies of the Jeannette were picked up by Esquimaux off the shore of Greenland, over three thousand miles from the place where the vessel was lost. A dispatch from Victoria, B. C., says that Mr. Van Horne announces Coal harbor as the terminus of the Canadian Pacific railroad on the Pacific coast. Yellow fever has made its appearance at Key West, the patient being Ensign Copehart, of the United States ship Galena. Much alarm is felt on the island. A notable piece of work was done at the Pullman Car Company's works in Pullman, III., one day last week. 100 cars were constructed and painted, all complete within the regular working hours. The Virginia House of Delegates has unanimously passed a bill amending the Riddleberger Debt bill. to counteract the recent decision of Judge Hughes, authorizing the funding of coupons maturing since July 1, 1882. Maud S. has been sold to Bonner of New York for $40,000. Vanderbilt was lately offered $100,000 for her, but declined it, preferring to sell her for less than half that sum to Bonner, who, he knew, would not trot her in public races. Frank Works' double team "Edward" and "Dick Swiveller," were driven by John Murphy at Narragansett Park, Providence, R. I., last week, to beat the record of 2.16 for a purse of $1000. They succeeded in doing SO in handsome style, with the following record: First quarter, 231; second, 1.071; third, 1.421; mile 2.16,. The first national bank of Albion, New York, has suspended owing to the disappearance of the president, A. S. Warner. Warner was also the sole managing executor of the Burrows estate of several million dollars. one of the heirs of which, William R. Burrows of Boston. has been recently poisoned by arsenic so that he is not expected to live. There are paid out for salaries and wages in the United States almost $6,000,000,000 annually. In a free trade country two-thirds of this amount would pay for the same work. In other words the people of this country have $2,000,000,000 more to spend every year than they would have, and our home markets are just that much better than they would be under a free trade policy, but the revenue reform-
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CRIMES AND CASUALTIES. Forest fires are reported in Michigan. A heavy cyclone is reported as having gone over the Southern part of Virginia. By the collision of a freight train on the Pennsylvania Central near Lancaster, Pa., 800 sheep were killed. The steamer Shields and the wharfboat Maria Louise were burned at Shreveport, Louisiana, the loss being $35,000. W.L. Reynolds, cashier of the Texas Express Company suicided at Houston. Financial difficulties the cause. The annual sun dance of the Cheyennes on the Canadian river continued without cessation three days and nights. John Howard, an old citizen, was shot to death by a mob at Gatesville, Tex., because he was supposed to have burned a thresher. An assignment to secure liabilities of $35,000 has been made by the Dunbar Coke Company, of Fayette county Pennsylvania. 1 John P. Sloan, a wife murderer, of Newbury, S. C., surrounded in a negro cabin, closed the doors and shot himself, dying instantly. Union sailors at Milwaukee tried to mob Chicago sailors who had arrived to work on schooners. Police protected the Chicagoans. Louis C. Paxton, junior partner in a commission firm at the Chicago Stock-yards, has deserted a wife and two children, and absconded with $5,000 and an actress. Elsey Williams shot and killed Thomas Brown, at Staunton, Va., and then turned and shot his father-in-law. Jealousy is supposed to have been the cause. Forest fires are still raging in the vicinity of Tawas Lake, Mich. The hamlet known as Harmon City was wiped out by flames. The black muck in the swamps burned down to the roots of large trees. In Cedar Hill cemetery, at Hartford, the burning of a temporary staging used by the carvers ruined the elaborate Italian marble column at the grave of the late Gov. Edwin D. Morgan, of New York. The Government launch, Daphne, exploded her boiler at Memphis. Paymaster N. Godden was blown overboard and drowned, and the engineer, pilot and two others were seriously scalded. The Directors of the First National Bank, of Albion. New York, have been forced to suspend business, owing to the continued absence of the president, Albert S. Warner. The deposits aggregate 154,000. Thesevereststorm known in thisregion for years, visited Springfield, Mass., and much damage was done to the crops and houses, all through the Connecticut valley. There were numerous washouts on all the railroads. A masked highwayman, displaying a rifle and three six-shooters, robbed the driver and four passengers on the the stage between Weatherford and Graham, Texas, and is now being pursued by a bloodthirsty posse. Peter Gomez,steward of theocean schooner Julia Baker, returned to Philadelphia from Key West, and was arrested for complicity in the murder of Capt. Lewis and the unauthorized sale of the cargo of lumber. He states that the captain died on the voyage. Fire destroyed the Sibley cotton mill at Augusta, Georgia, valued at $30,000; Pearson & Co.'s tobacco works at Danville, Virginia; Tarle's sack factory at New Bedford, Mass.; the saddlery works of Pollock, Wilson & Sons at Cincinnati, and Walter's frui levaporator at Dover, Delaware. A train stopped at a draw bridge on the Pensacola & Atlantic railroad, near Pensacola, Fla., and finding no signals to move forward, the conductor went forward and found the watchman murdered. There were twenty-three balls in the body, which lay on the track. Fennimore Clayton, a farmer of Middletown, N. Y., afflicted with delirium tremens, took his two year old son into the yard and shot him through the brain. He next attempted the lives of his wife and his mother, when his wife knocked him senseless with a base ball bat. William Morris, head teacher of a school, at Markdale, Ontario, Canada, fired five times at & second teacher, Miss Ford, three shots taking effect. He then shot himself, dying instantly. Miss Ford cannot recover. A gasoline explosion at Urichsville. O., in the hardware store of Koeblitz set fire to the building and caused a conflagration which destroyed the building and also the store of Tribling, Kumer & Hardman and Urich & Smith. Loss, $35,000; insurance, $26,000. A riot broke out among the Italian laborers near Dixon, Illinois. Over thirty men were engaged in the melee. Knives clubs and shovels were freely used. Three men were perhaps fatally injured. One was stabbed five times and another had an arm and leg broken. The cause of the trouble is unknown. J. Stratton, a prominent criminal lawyer of Ft. Wayne, Indiana, attempted suicide by cutting his throat with & penknife. He was discovered in a few moments, and his life was saved by a prompt surgical aid. Domestic trouble and suffering from disease, is assigned 88 the cause of the rash act,
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MERCANTILE COMPLICATIONS. The Limits to which Stock Brokers Can go to be Tested. NEW YORK, Jan. 8.-Henry J. Andrews, receiver of the First National Ba nk of Albion, N. Y., has begun suits in the United States Circuit Court against Kessam, Whitney & Co., bankers and brokers, for $250,000, and that firm's predecessors, Chase & Allins, for $50,000. It was through these firms that Albert S. Warner, the defaulting President and Cashier of the bank, speculated. The suits are brought to test the question of how far stock brokers can use the funds of national banks through or by its Cashier or President in speculation without being personally liable to such banks and their stockholders. WHOLESALE GROCERS SUSPEND. NORFOLK, Jan. 8.-E. T. Powell, Son & Co., wholesale grocers, have suspended. They were estimated to be worth from $10,000 to $15,000. TO PAY IN FULL. NEW YORK, Jan. 8.-Opdyke & Co. announce that owing to favorable arrangements in regard to real estate. and to the aid of frlends, they expect to pay in full. A dividend of 75 per cent., or more, will be paid by the assignee this month, and the remainder soon afterward. RUINED BY THE SHIPPING TRADE'S DULLNESS. LIVERPOOL, Jan. 8.-John S. Newfall & Co. have failed, owing to the depression in the shipping trade. They have incurred heavy losses on produce, especially wheat and rye.