14803. Atlantic State Bank (Brooklyn, NY)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: May 14, 1884
Location: Brooklyn, New York (40.660, -73.951)

Metadata

Model: gpt-5-mini
Short Digest: cf578472

Response Measures

Full suspension, Books examined

Description

The Atlantic State Bank (Brooklyn) closed its doors mid‑May 1884 after the Metropolitan Bank failure (it cleared through Metropolitan). There were limited runs/withdrawals, the bank suspended (closed) May 14–15, briefly opened May 16 after examiners, but within a week legal proceedings led to a receiver being appointed (May 23) because of a deficit. Cause of trouble is linked to correspondent failure (Metropolitan) and resulting inability to realize securities. OCR errors corrected (e.g., dates/word breaks); I did not infer facts beyond the cited articles.

Events (5)

1. May 14, 1884 Run

Cause: Correspondent
Cause Details: Sent its funds/cleared through the Metropolitan Bank; when Metropolitan closed the Atlantic was left without funds and feared a run.
Measures: Closed doors at 1 P.M. to avoid run; examiners later reviewed books.
Newspaper Excerpt: In order to avoid a run on deposits ... the Atlantic State Bank decided to close its doors at 1 P. M. There was no crowd about it and only a few depositors were turned away without their money.
Source: newspapers

2. May 14, 1884 Suspension

Cause: Correspondent
Cause Details: Suspension was a direct consequence of Metropolitan Bank's failure and the temporary locking up of funds cleared through it.
Newspaper Excerpt: The Atlantic State Bank ... closed its doors in the afternoon in consequence of the failure of the Metropolitan Bank, through which it cleared.
Source: newspapers

3. May 16, 1884 Reopening

Newspaper Excerpt: The Atlantic State Bank, of Brooklyn, opened to day, but no business was transacted. The bank examiners got through last night, and found everything all right, and the capital of the bank unimpaired.
Source: newspapers

4. May 17, 1884 Other

Newspaper Excerpt: Court, appointed Freling H. Smith temporary receiver of the Atlantic State Bank of Brooklyn. The bank is ordered to show cause ... why the receivership should not be continued, and the affairs of the bank wound up.
Source: newspapers

5. May 23, 1884 Receivership

Newspaper Excerpt: Freling H. Smith was appointed receiver ... the report ... showed assets $918,609.18; liabilities $1,158,622.47, leaving a deficit of $240,012.09. ... an order was made returnable on May 26 to show cause why a permanent receiver should not be appointed.
Source: newspapers

Newspaper Articles (25)

1. May 15, 1884 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, May 15, 1884

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IN BROOKLYN. Officers of the Atlantic State Bank Conclude to Suspend Temporarily. NEW York, May -From the Tribune of Thursday: "The news of the excitement and failures in Wall street caused much alarm in Brooklyn, and those interested in the financial institutions of that city feared lest they should be involved in ruin. Only one institution, however, seriously suffered. This was the Atlantic State Bank, in which Mr. Seney held one quarter of the stock. It cl eared through the Metropolitan Bank and had sent over its funds for the day before the closing of the Metropolitan was reported. In order to avoid a run on deposits and to realize upon its securities, the Atlantic State Bank decided to close its doors at 1 P. M. There was no crowd about it and only a few depositors were turned away without their money. Cashier Oliver M. Denton said he was confident the bank would reopen today and pay all depositors in full. The bank's capital is $200,000, and on January 1 there was a surplus of $100,000 and undivided profits of $30,280. Mr. Denton added that the bank had sent its checks to the Metropolitan Bank, and it was not doubted it was all right: when that bank closed they were left without money, and in the panicky condition of the market were unable to realize upon securities in their possession which were worth over $500,000. "E. S. Puffer, the president of the bank, said the bank would resume to-day. The city of Brooklyn has $107,000 of its funds deposited in the bank. "The other Brooklyn banks, which cleared through the Metropolitan Bank, were the Nassau and the Mechanics'. The Nassau Bank had its checks paid promptly before the failure, and the cashier said it would not be affected. except by the locking up, temporarily, of a small balance The Mechanics' Bank secured all its funds, its paper being redeemed by the Metropolitan before the doors were closed. Both banks have made arrangements to clear through other banks."

2. May 15, 1884 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, May 15, 1884

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A Brooklyn Bank Haspends for n Day. NEW YORK, May 14.-The news of the excitement and failures in Wall street caused much alarm in Brooklyn, and those interested in financial institutions in that city feared leat they should be involved in the ruin. Only one institution, ho wever, seriously suffered. This was the Atlantic State Bank, in which Mr. Seney held one quarter of the stock. It cleared through the Metropolitan Bank and had sent over its funds for the day bo. fore the closing of the Metropolitan Bank was reported. In order to avoid a run on its deposits and to realize upon its securities the Atlantic State Bank decided to close its doors at 1 P.M. There was no crowd about it and only a few depositors were turned away without their money. The cashier, Oliver M. Denton, said confidently the bank would reopen to-morrow and pay all de. positors in full.

3. May 15, 1884 Daily Republican Wilmington, DE

Article from Daily Republican, May 15, 1884

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E THE GREAT CRASH GREAT SMASH OF BANKS IN NEW YORK-THE RESULTS OF FRAUDULENT PRACTICES. Wall street, New York, was a scene of panic and disaster on Wednesday. The failures were announced of the Metropolitan Bank, and the firms of Hatch & Foote, Nelson Robinson & Co., O. & Co., Goff & Co., J. C. M. Williams Bogart Donnell, & Burnham. Randall, Lawson & Simpson, and Hotchkiss & It said that the Metropolitan Bank will be able to pay its depositors, but that it is not likely to resuine. The bank's capital was $3,000,000, and its report to the clearing house last Saturday showed the following as its condition at the time : Loans, $10,977.000; specie, $1,779,000 legal tenders, $491, 000 deposits, $8,425,000 circulation, & $1,305,000. D. B. Hatch, of Hatch Foote, said it was impossible for him state whether their suspension was temporary or final. A meeting of the Clearing House Association was held, at which a reso lution was adopted for the appointment of a committee of five to receive from be banks, members of the Association, bills receivable or other securities to be appropriated by said committee, who shall be authorized to issue therefor to bank loan certificates interest at 6 per per such bearing depositors cent. cent. in excess of 75 per of in case securities, annum not except of United shall States bonds, and said certificates be received in settlement of balances at he Clearing House." had a quieding effect, and the in This stock action markets, became which had firmer been Folger, tone. greatly Secretary demoralized, who is in New telegraphed to Washington early in an order for York, the day call the for immediate bonds, payment of the 127th and Secretary made the sury the Acting announcement of the accord- Treaingly. Secretary Folger " expressed his determination to use all the power of the Government to prevent panic, and to act promptly to the utmost limit ey of his authority.' There was a run re the on the during day Second announce National et Bank, notwithstanding all st men' by Examiner Scriba that the ets bank was solvent. Lee It appears that John C. Eno, President of the Second National Bank, had rtbeen using its funds in Wall street speculations, to the amount,rumor said, nd of $2,000,000. Whatever the deficit, however, it was made good by his 08father, Amos R. Enos, a wealthy real estate owner. John C. Eno resigned an the Presidency of the Bank on Tuesday afternoon, and the Directors appointed to as his successor James A. Trowbridge, son of a former President. The Presiod dent of the Metropolitan Bank is Geo. I. Sauey, a well known philanthropist, his who within a few years has given to religious and charitable institutions ub $1,500,000. The Atlantic State Bank, of Brookleft lyn, closed its doors in the afternoon BOL in conseqnence of the failure of the Mecropolitan Bank, through which it 'BOD cleared. The Atlantic Bank expects to re-open to-day. Its capital 18 $200, ex 000. he banking house of T. L. Wat son & Co., of Bridgeport, Connecticut for suspended at 3 o'clock this afternoon owing. 1: said, inabilities - connecticut National Bank, in which they deposit, to honor thei Pen drafts, on account of the condition o atlairs in New York." Watson & Co oto leit expect to resume payment to-day. Telegrams from all other points ery North, West and South, received las No. night, show that no trouble has grown out of the Wall street panic. It wa rket reported last night that the deficit the in the Second National Bank of New York amounted to $4,000,000, and tha en if the President's father paid $3,500,000 iver the amount, the Directors giv n 624 $500,000. The bank paid out $500,00 codyesterday. Emile de Smet, a prominent lumbe for dealer of Moss Point, A.a., has failed food with liabilities estimated at $400,000. A New Orleans creditor holds a mortgage ness on De Smet's property for $150,000 on't whiele is believed to cover all available ture assets. -

4. May 15, 1884 The Democratic Leader Cheyenne, WY

Article from The Democratic Leader, May 15, 1884

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term. Why, therefore, should the Sun endeavor to make matters worse and hurt our community ? Wyoming is disconnected with the matter entirely. It is a New York affair and only rotten brokers have failed. The Metropolitan bank and its associate, the Atlantic State bank, of Brooklyn, which suspended yesterday, were backing up the stock gamblers who had sought to make a corner in cash. Both were squeezed to the wall as they deserved to be. Their failure, together with the failures of a few brokers, were all caused by improper speculations in railroad stocks. Legitimate banks are as sound as ever. Wyoming does not depend for business upon stock speculations. She is in a legitimate business and cannot be serionsly affected by rotten speculation in Wall Street. It was more scare than substance in New York, yesterday. People must eat and therefore Wyoming's beef business is always safe. There is more money in Wall street today than at any time within ten years. Now that the big fish have eaten a few little ones let them give the country some benefit of their repast. As the banks and business men of Wyoming do not dabble in railroad stocks, they are not affected by the flurry in Wall streets yesterday. Their New York correspondents are in every case legitimate bankers, not given to wildcat speculations.

5. May 15, 1884 Daily Republican Wilmington, DE

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The Great Bank Paste. The suspension of the Marine National Bank of New York a few days ago on account of the loose financial operations of the firm of Grant & Ward, brokers, was but the incipient step to the great financial crash that took place in New York and Brooklyn yesterday. Two National Banks, one of them the Metropolitan of New York, considered one of the strongest, and the other the Atlantic State Bank of Brooklyn, not SO strong, have gone down with some seven broker firms. This crash, though a serious one, happily need not produce a business panic all over the country. The crash only effects in the main stock jobbing brokers, and has not materially injured legitimate business. This the country can well stand, in fact the crash is a misfortune not unmixed with good, and-it is a question whether the good will not predominate. It is the stock jobbers only and their dupes who loaned them money on insecure and worthless seeurities in the hope of obtaining an illegitimate percentage of profits who are injured. The crash has weeded out the rotten banks and broker firms and left the honest, legitimate institutions standing where they always stood. The country can stand this, the people can stand it, and after the crisis has passed, sound, financial credit will be stronger than ever. The great fabric of industry, of trade and of commerce remains unshaken ; not a railroad company is embarrassed, not a trust company has been left in difficulty. no honest insurance com any is shaken, and no banks outside of the great centre of fraud and financial corruption are in the least affected. Nobody but a parcel of fools, intent upon robbing honest people, are involved in the ruin, and an honest verdict of an honest public will say it served them right. Yet how strange it is that there are still people who venture all they have in efforts to obtain more than legitimate profits. The honest six per cent. has been discarded and the larger profits held up by sharp financial gamblers attract the eye. Those involved in financial ruin wil receive but little sympathy from at honest, discriminating public. Consid erable rope is always allowed for finan eial gamblers in this country, but they take enough of the rope to han themselves with that is their lookout.

6. May 15, 1884 New-York Tribune New York, NY

Article from New-York Tribune, May 15, 1884

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New-Dork Daily Tribune FOUNDED BY HORACE GREELEY. NEW-YORK, THURSDAY: MAY 15. THE NEWS THIS MORNING. FOREIGN.-In the recent attack of Osman Digma near Tamanieb, twenty-one friendly Arabs were The panic in Wall Street caused much killed. excitement in the London Stock Exchange. It is reported that Bismarck urged China to sign the treaty with France. Two unprinted cantatas by Beethoven have been found. Three hundred Turks have been massacred in Arabia. CONGRESS.-The Senate yesterday began consideration of the bill providing for the establishIn ment of a Bureau of Labor Statistics. the House reports were submitted in favor of the contestants in the contested election cases of English against Peele and of Wallace against;McKinley. Consideration of the Consular and Diplomatic appropriation bill was begun. DOMESTIC.-Governor Cleveland nominated Robert B. Minturn for Emigration Commissioner. The New-York Reform bills were passed by the Senate and sent to the GovThe Cities Civil Service bill passed ernor. Fourteen men were killed and the Assembly. many more injured in a railroad collision near Connellsville, Penn. A sweeping Republican victory was gained in Ogdensburg. Forty-three graduates of the Princeton Theological Seminary received The New-Jersey Democratic Condiplomas. vention instructed the delegates for Tilden and The Virginia Democratic ConvenHendricks. tion elected delegates to the National Convention. The Methodist General Conference defeated the plan of having a bishop reside in India. The Anti-Monopoly National Convention met in Chicago. CITY AND SUBURBAN.-There was intense excitement in Wall-st. yesterday the Metropolitan Bank closed its doors, but later announced that it would resume business to-day Nelson Robinson & Co., Hatch & Foote, O. M. Bogart & Co., Hotchkiss, Burnham & Co., Donnell. Lawson & Simpson, Goffe & Randle and Joseph C. Williams suspended business the Atlantic State Bank of Brooklyn In the assignee's suit against also suspended. Grant & Ward, Mr. Ward admitted that he was Charles hopelessly insolvent two years ago. O'Conor's body was deposited in the Cathedral and arrangements were made for the The New-York, Metropolitan, funeral. and Brooklyn baseball nines defeated the Buffalo, Allegheny, and Baltimore nines respectively. I.D. Edrehi, who shot his wife and killed his son and himself, was buried. One man was killed and two were injured by a falling wall in Brooklyn. The Congress of Workingmen's Clubs held its annual meeting. Rossa and others delivered inflammatory speeches at Cooper Union. Gold value of the legaltender silver dollar (4121₂ grains), 85.08 cents. Stocks were panicky and suffered heavy declines: they closed feverish with some substantial recoveries. THE WEATHER-TRIBUNE local observations indicate slightly warmer, clear or fair weather. Temperature yesterday: Highest, 70°; lowest,51°; average, 607g.

7. May 15, 1884 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, May 15, 1884

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ment of the failure of Nelson, Robinson & Co. As Robinson is a son-in-law of Seney and one of Seney's sons is a member of the firm of Nelson, Robinson & Co., it is supposed Seney would not have allowed the firm to go under had he not been badly crippled himself. At the office of Nelson Robinson & Co., Nelson Robinson said the failure was occasioned by calls for money from all quarters which could not be immediately met, by the general shrinkage of securities, the disturbed condition of the times, and the circulation of disgusting rumors. He would be unable to furnish a statement of the liabilities and assets. Most of their loans were well protected, if holders did not lose their heads and want to get their money in a day. Donnell, Lawson & Simpson have announced their suspension. They are large dealers in county, water and city bonds and are said to have two millions with the suspended Metropolitan Bank. The firm say that owing to the general panic prevailing we believe it best to suspend until we can see where we stand, The Supreme Court to-day grantei an injunction in favor of the Buffalo, New York & Philadelphia railway restraining U. S. Grant and others from disposing of bonds of the railroad company. At 1.30 the excitement has subsided to a great extent and a better feeling prevailed, but the situation is by no means settled. A general impression is that the end is not yet. The largest dealer in privileges on the street was obliged to receive 200,000 shares on "puts." This large block must have called for a heavy drawing, even on his immense resources. It is stated that Secretary Folger was invited to the meeting at the Chancery House and the result of their conference is awaited with much interest. Drexel, Morgan & Co. received word from their Philadelphia house that they have all the money wanted. The board of managers of the stock exchange posted an official notice that the exchange would not close until the usual hour. Rumors affecting several national banks continue flying about the streets, but none are traced to a reliable source. As the settling hour approaches the rush of boys delivering stocks adds to the excitement. District Telegraph boys, clerks and attaches of brokers' offices are ail brought into requisition, and the scene on the street is one of intense activity. 250.-The Clearing House Association has just adjourned, after adopting the following: Resolved, that in view of the present crisis, banks of this association, for the purpose of sustaining each other and the business of the community, Resolved, That a committee of five be appointed to receive banks' (members of the association) bills receivable, or other securities, to be approved by said committee, who are authorized therefor, to such depositing banks, to loan certificate bearing interest at 6 per cent. per annum, not in excess of 75 per cent. of the securities or oills receivable, so deposited, except in case of United States bonds, and sa'd certificates shall be received in settlement of balances at the Clearing House. The following gentlemen comprise the committee: F. D Tappin, George S. Coe, J. D. Vermilye, George D. Williams, W. A Wall and Edward S. Perkins. Hotchkiss & Burnsame, have just announced their suspension on the stock exchange. Additional notices posted on the Metropolitan Bank say: "Drafts of Holmes & Son, Pittsburgh, will be fixed by the Bank of America." "Drafts of the Flour City Bank, Rochester, and Marshall, Field & Co., Chicago, by the Bank of Commerce." "Drafts by the Bank of Utica, Buffalo, by the Hanover Bank." 2.30 pm. At the clearing house bank presidents are in session. It is stated on the best authority that banks will stand by each other as they did in 1873 The gong of the Stock Exchange has sounded, and one of the most xoicing days in the history of that institution is closed. It is reported that Drexell, Morgan & Co. had $1,000,000 in the Metropolitan Bank. A member of the firm denied this, saying it had withdrawn its large account in that bank two years ago. Another report is that the Atlantic Mutual Insurance Company deposited $1,000,000 in the Phenix National Bank this morning. Grant & Ward's statement was not ready to-day. The Atlantic State bank of Brooklyn, closed its doors this afternoon, this bank is the Brooklyn correspondent of the Metropolitan Bank. Capital, $6,200,000; surplus $6,100,000; President, Geo. Peiffer. A representative of the associated press has inst interriemed a promi-

8. May 15, 1884 Fort Worth Daily Gazette Fort Worth, TX

Article from Fort Worth Daily Gazette, May 15, 1884

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"BUSTED" GAMBLERS. Continued from First Page. & Burnham have just announced their suspension at the stock exchange. ATLANTIC STATE BANK. The Atlantic State bank of Brooklyn closed its doors this afternoon. This bank is the Braoklyn correspondent of the Metropolitan bank. Capital, $200,000; surplus, $100,000; president, Geo. S. Puffer. DONNELL, LAWSON & SIMPSON. Donnell, Lawson & Simpson have announced their suspension. They are large dealers in county, water and city bonds, and said to have $2,000,000 with the suspended Metropolitan bank. The firm say "Owing to the general panic prevailing we deem it best to suspend until we can see where we stand." At the Second National bank many exciting scenes were witnessed, but in all cases payments were made as fast as the teller could hand the money : out to one at a time to three hundred depositors in line, while Amos R. Eno, the millionaire, stood by smil46 ingly assuring all that they should 8 receive every cent of their dues. EXCITEMENT SUBSIDING. At 1:30 the excitement in Wall street bad subsided to o great extent, and better a feeling prevailed. but the situation is 1 by no means settled. The general impression is that the end is not yet. It to is stated that the largest dealer in s privileges in the street was obliged to i receive 200,000 shares of "puts." This fi large block must have called for a e heavy drain, even on his immense P e resources. It is stated that Secretary Folger has fa been invited to a meeting at the clearil ing-house, and the result of ther conference is awaited with much interest. ALL THE MONEY WANTED. Dexter, Morgan & Co. have reA ceived word from their Philadelphia c house that they have all the money V wanted. P Rumors affecting several national a banks continue flying about thestreets, fa but none are traced to reliable source. a A FALSE STATEMENT. t The rumor that the Metropolitan r bank was indebted to Donnell. Lawtl son & Simpson is untrue. The fact is, n that firm owes the bank $100,000, but I has securities alleged more than that. re ONE PER CENT. A DAY. n 2:45 P. M.-Money is now loaning at ti 1 per cent. per diem. THE DAY'S CLOSE. 3 P. M.-The gong of the stock ex& change has just sounded, and one of o the most exciting days in the history et of that institution has closed. o DRENEL, MORGAN & CO. ri WALL *Sr.-It was reported that W Drexel. Morgan & Co. had $1,000,000 p in the Metropolitan bank. A member of the firm denied this, saying it had withdrawn its large account in that S bank two years ago. Another report is that the Atlantic Mutual Insurance company deposited one million in c the Phoenix National bank this mornh ing. e THE METROPOLITAN WILL PAY. D WALL STREET, 2:20 P. M.-A representative of the Associated Press has b just interviewed a prominent director t of the Metropolitan bank, who says t emphatically depositors will be paid b in full. The directors have gone through all securities, and throwing t out all classed as doubtful have t more than sufficient to pay depositors. e

9. May 16, 1884 Daily Yellowstone Journal Miles City, MT

Article from Daily Yellowstone Journal, May 16, 1884

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MONEY MATTERS. Fisk & Hatch the Only Important New York Failure Yesterday. Telegraphic Touches on the Situation-News From the Main Points. / Road Agents Attack Paymaster Whipple and Kill Sergeant Coonrod. Special Telegram to the YELLOWSTONE JOURNAL. The Situation in New York. NEW YORK, May 15.-An easier feeling prevails in business circles in New York this morning, and the general opinion is that the climax has been reached. Among the suspended firms yesterday were also Wilson Robsnson & Co., Goff & Randall, Orlando M. Bogert & Co. and A. B. Bogert & Co., also J. C. Williams, Hotchkiss & Bumham, Dyett & Co., John C. Eno and Hatch & Foote. The Atlantic State bank of Brooklyn also went to the wall, and it is believed the Phoenix bank, of New York, came very near it. The Donnell La wson & Co., and suspension of the Metropolitan bank caused the greatest excitement, but the latter resumed to-day. The only failure of importance to-day is that of Fisk & Hatch. Jay Gould says that a general panic is impossible, and that people are foolish to get uneasy. Stocks went off yesterday 5 to 10 per cent, and regained to-day two to five points. Northern Pacific preferred classes at 46. The panic was felt in London, and one small failure followed there.

10. May 16, 1884 Iowa County Democrat Mineral Point, WI

Article from Iowa County Democrat, May 16, 1884

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A PANIC ON WALL STREET. Wall Street, New York, -was the scene of a serious panic on Wednesday. The Chicago Times of Thursday morning says: The announcement yesterday morning that John C. Eno, president of the Second National bank of New York was a defaulter for nearly $2,000,000 was sufficient to pave the way for a serious panic in Wall street. In the wild rush to sell securities prices opened from one to five points lower, and dropped at a frightful rate of speed. Within a few minutes the suspensions were announced on the stock exchange of Hatch & Foote and O. M. Bogert & Co., heavy banking houses, and of J. C. Williams, Goff & Randall, and N. Robinson & Co., brokers. Next came the failure of the Metropolitan National bank, with a capital of $3,000,000, whose president is Geo. I. Seney, promoter of the NickelPlate road, whose losses in the Ohio Central and East Tennessee roads are believed to be very heavy. A run commenced on the Second National bank, where depositors soon found that James A. Trowbridge had been elected president; that the defalcation of J. C. Eno had been promptly paid up by his father, and that the bank examiner pronounced the institution sound. By noon every foot of room in Wall street for ten blocks was occupied by an excited crowd, among them being many ladies. Secretary Folger happened to be in New York and ordered the immediate payment of the last call for bonds, in the hope of easing the monetary stringency produced by the panic, as currency commanded 1 per cent. per diem. Before the stockexchange closed the suspensions were announced of Hotchkiss & Burnham and of Donnell, Lawson & Simpson. Later in the afternoon the Atlantic State bank of Brooklyn with a capital of $2,000,000 closed its doors. The event of the morning drove St. Paul preferred, Northwestern common, and Pulman stock to par, knocked Michigan Central 12 points, forced Union Pacific to 39 and Western Union to 49. The total transaction were 630,000 shares. The petroleum markets in the Pennsylvania cities were driven down ten points, with but little recovery. July wheat in Chicago at one time showed a decline of 41 cents from Tuesday's highest figures, but most of the loss was regained. Charles M. Bayard, a stock-broker in Philadelphia, suspended payment. In Boston large blocks of Mexican Central bonds and Atchison stock was flung on the market, causing a drop of from tive to seven points. In London, Louisville and Nashville stock fell nine points, and other American securities showed a corresponding decrease in value. No Chicago bank or individual seems to have been effected by the exciting events of the day.

11. May 17, 1884 Savannah Morning News Savannah, GA

Article from Savannah Morning News, May 17, 1884

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NO DANGER OF A PANIC. BUSINESS RECOVERING FROM WEDNESDAY'S STARTLER. tant FailuresYesterday Marked by but An One Upward or Two Unimpor Feature of the Day on Leap 'Change- the American Securities Irregular in London. NEW YORK, May 16, 9:30 A. M.-The has been alive for fully half an hour, street and at this time there is every indication centre. brisk day in this financial the of The a office of Fisk & Hatch is open for conof all who desire to see or admission with members of the firm, but of course sult no business is transacted beyond the receiving of the various claims basis against of the house, and the fixing of the Fisk settlement of its contracts. Mr. of the interviewed by a representat beyond Associated Press, and said that circular statements contained in the the their creditors issued last night could to at this moment say but little. Many of of the depositors and other their entire creditors confithe firm had them, expressed and had notified them that the dence their claims in would not be pressed to detriment of the house. BEARS COVERING NEW YORK, May 16, 9:50 A. covered is that leading bears have stated short lines; and in some instances on the have their changed their bankers position continue to market. large Foreign buying orders from stocks. England port the Continent for bonds and good and stated that there has been parties. is vestment also buying for out of town amount of reported that large withdrawn stocks It had been paid for and of Fisk the street. The bligations are very small. from & Hatch on the Stock Exchange WORK BEGUN. NEW YORK May 16, 10 A. M. business The gong sounded and the day's There has Stock Exchange. begun at the no appearance of flurry on the be floor, larger pools appear to than although usual the number of offers with appear few equal to the bids. A talk the be of the board brought out members that they believe in higher prices are anfact unless some new failures day, nounced, and no one has so far probable, expressed opinion that more are very to prethis writing it is impossil dict but at what the day may bring forth. THE CLEARING HOUSE READY The NEW YORK, May 16, 10:15 A. loan M. clearing readiness committee for instant have deli tificates determination to use them and expr relieving without liberally with view of money mar stringency in tho delay any closing the Stock ket. The wild talk of with well necessity Exchange is treated exists for such action, ridicule, speculatic as no being of in the no board sense panicky. An old member much less flurried says that deal occasions are when no particuthan on many existed for excitement. that officer lar reason of the Stock Exchange Russel states he has been informed by 'put" sent in, that he will meet every but must proceed slowly THE STREET LESS CROWDED The YORK, May 16. 10:30 M street idle of the gazers NEW has settled down to work. and There with masses cumbered is vicinity absence of the Exchange curiosity is no longer breed ers, who only the serve progress of those who and hinder street. The visitors' business on still the well filled and the door leries to discriminate as to those are obliged of these looking down the brokers mitted. A majority are elegantly dressed ladies. HOW STOCKS OPENED. WALL STREET, opened May 16, weak 10:35 and A. feverThe share market W estern Union and Union Paul opene Pacific. St. except for 11/2 lower Northwest 1/2 at 1011/2, 87. Reading 671/2, Lake Shore 21/3 This 1/8 1093/4, Omaha 11/2 at 241/2. was of per at succeeded 313/4, and by better feeling and cent. prices. general Bankers advance are buying continmarket The sterling exchange have reduced weak and rates Stocks lent at flat to 6 per no but announ $4 851/2 cent. and carrying. 871/2. Rumors of fail- has been made up to 10:32 o'clock GOVERNMENT BONDS WEAK. YORK, May 16, 11 NEW weak and depressed bonds are 110@112 ment and which closed at last night, now on the street bank the 120@ 1081/21 1093/4 and 116@119. weakness caused President by fear says that that Fisk & Hatch's ings may be marketed. HARDY & SONS SUSPEND. W ALL STREET, May 16, just 11:05 announced suspension C. Hardy & Sons to the have Stock Exchange. their STOCKS DEMORALIZED. Stocks NEW YORK, May 16, 11:15 A. the M. Hardy and demor ralized on failure. are heavy Lake Shore is down to 81. THE MARKET RALLIES M The NEW YORK, May 16, of 11:25 1/2 to 21/4 A. for market shows rally stocks are heavy. shares But few selling at 108 again York Central while Lake Shore back house, to this morning Camp, of the clearir 83. Manager are availing themselv says that banks new certificates. He would more freely not be of surprised the if $1,000,000, were taken $3,5000,00 to-day. IN LEGAL TENDERS. the May 16,12:45 P. At NEW a ORK, $3,500,000 in legal tenders This Sub-Treasury been paid out up to noon. strengthen had the bank reserves. DECISION The THE YORK, May 16, 2:30 P. M ComNEW the Clearing House Loan to loan meeting of in the decision mittee has resulted of the ociation all the the to members require at par on money they government may This pledge of thought, help materially to ease will, the prevailing stringency in money. THE RUNS IN BROOKLYN. The runs NEW YORK, May savings, 16, 6P. banks M.- to-day on the confined Brookly to a few small depositors The doors were the foreign population. Brooklyn among the Atlantic State Bank but of there of were thrown transacted. open to-day It was said that no business got through their the Bank Examiners and found everything work last and night the capital of the tors. bank is unimright meeting of be done called paired. to determine A what is best to next. EXAMINER SCRIBA'S REPORT. Comptroller of the Currency to-day The telegram from Bank that Examiner the received at New York saying $2,412,000 Scriba, ond National Bank 14th paid and out 15th insts., during the run on the good condition. conside to be in everything and is also reports Naing on says that The examiner smoothly at the Metropolitan he considers the tional trouble Bank, over and so far as the associated banks are concerned. A BULL. VANDERBILT EXPECTED TO BECOME say NEW YORK, May 16, 6:30 that P. their M. The brokers

12. May 17, 1884 The Indianapolis Journal Indianapolis, IN

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Only One Unimportant Failure Reported During Business Hours, and It Is Certain the Worst Point Has Been Passed. Donnell, Lawson & Simpson Ask the Indulgence of Their Creditors. Senator Sherman Sees No Reason for a General Panic, and Thinks the Recent Failures May Result Beneficially. THE STOCK EXCHANGE. A Generally Uneasy Feeling, but the Day Passes Without Additional Failures. NEW YORK, May 16.-At an early hour there was every indication of a brisk day. The office of Fisk & Hatch was open, but no business was transacted beyond receiving claims and fixing a basis of settlement. Mr. Fisk said that many depositors and other creditors had expressed entire confidence, and notified them that their claims would not be pressed. At 10 o'clock the gong sounded and the day's business began. There was no appearance of flurry on the floor of the Exchange, and although the various pools appeared larger than usual, the number of offers appeared equal to the demand. Talks with a few members of the board brought out the fact that they believe higher prices will prevail to-day unless there are new failures. The clearing-house committee have loan certificates ready for instant delivery. and express a determination to use them liberally, with a view to relieving, without delay, any stringency in the money market. The wild talk about closing the Stock Exchange is treated with ridicule, as no necessity exists for such action, speculation being in no sense panicky. An old member of the board says dealings are less flurried than on many occasions when no particular reason existed for excitement An officer of the Exchange stated that he was informed by Russell Sage that he had met every "put" seut in, but must proceed slowly. At 10:30 the street had settled down to work. There was an absence of idle gazers, and the vicinity was no longer cumbered with masses of curiosity seekers. The visitors' galleries were well filled, a majority of those looking on being elegantly dressed ladies. Russell Sage is not taking stocks on privileges this morning, but is making settlements by giving checks for differences-that is, instead of paying for the stocks in full, he gives holders his "puts" for the profits accruing on the transaction. This saves him paying a large amount of money, but his action will compel brokers to sell stocks which they bought, expecting he would, as has been his custom, receive them on his "puts." Vanderbilt's brokers say their chief will reach London on Monday. when they expect to receive heavy orders from him to buy. The suspended firms are all busy straightening their affairs. Goff & Randle will not have a statement ready before next week; Dimock & Co. state that it will require some time to adjust their accounts; Hatch & Foote, Bogart & Co., Hochkiss & Burnham and J. C. Williams cannot give anything definite as to the state of their affairs; Nelson Robinson & Co." expect to resume in a short time: Donnelly, Lawson & Simpson are not disposed to say anything. The first two hours of business, which are usually the most dangerous in a season of flurry, passed with only one small failure, which had no depressing influence. Sub-teasurer Acton says there was a brisk demand for legal tenders at his office yesterday, causing the withdrawal of $3,500,000. Up to this hour to-day $1,000,000 in legal tenders has been paid out. and nearly another million silver certificates-the latter for payment to savings banks. Business matters at the Produce Exchange have a rather gloomy look, although no failures or rumors of failures are current. Traders are not disposed to operate to any material extent, and shippers' operations are checked by the extreme difficulty of selling sterling exchange. Prices are all lower and tending downward. Leading members are quite hopeful that there will be no panic on the Produce Exchange, but some members are discouraged at the outlook. At the Sub-treasury large amounts of green backs and silver certificates were paid out to savings banks. The excitement at the several Brooklyn banks has calmed down. There that could be called was nothing arun on any of the savings banks to-day. The Atlantic State Bank, of Brooklyn, opened to day, but no business was transacted. The bank examiners got through night, and found everything all right, and the capital of the bank unimpaired. The speculative day ended peacefully, and all evidence goes to show that the semi-panic is over, and that monetary affairs will gradually return to their accustomed condition. The only failure announced during the day was that of Hardy & Sons, whose contracts, it was stated, were provided for.

13. May 17, 1884 The Daily Dispatch Richmond, VA

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The Brooklyn Banks. NEW YORK, May 16.-The runs on the Brooklyn savings banks to-day were confined to a few small depositors among the foreign population, The doors of the Atlantic State Bank of Brooklyn were thrown open to-day, but there was no business transacted. It was stated that the bank examiners got through their work last night, and found everything all right and the capital of the bank unimpaired. A meeting of the directors is to be called to determine what is best to be done next.

14. May 18, 1884 The Daily Dispatch Richmond, VA

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EVERYTHING QUIET. Runs en the Brooklyn Banks Ended-Condition of Other Banks. [By telegraph to the Dispatch.] WASHINGTON, May 17.-The Comptroller of the Currency was this afternoon notified by his officers in New York that the banks there continue all right, and that everything is quiet. The redemption of called bonds in New York to-day amounted to only $323,600. NEW YORK, May 17.-The run on the Brooklyn Savings Banks was ended today, and parties were returning their money at the banks. At the office of the Atlantic State Bank the affairs between it and the Metropolitan Bank of New York are being adjusted. It is hoped that things will be arranged to-day and the bank will resume business. The cashier said to-day that there was only one little hitch to the bank resuming, but he would not state what the hitch was. It was believed, however, that the hitch was an embarrassing lack of funds. In the Kings county register's office there was filed a deed of conveyance by George J. Seney and wife of their mansion in Brooklyn to the Metropolitan Bank of New York in consideration of $175,000. They also filed a deed of conveyance of another house and valuable grounds, in Brooklyn. to Heny L. Jacques in consideration of $80,000. READY TO PAY DOLLAR FOR DOLLAR. NEWARK, N. J., May 17.-The run on the Howard Savings and Dime Savings Banks here, which began yesterday in consequence of the Newark Savings Bank failure, continues to-day. The bank managers are cool and convinced that the run is temporary, and say that they are ready to pay dollar for dollar as fast as it is wanted. Receiver Wilkinson. of the Newark Savings Bank, went to New York today to collect loans, which are payable when the statement of the bank's affairs to the chancellor are to be made. President Dodd was at the institution all day yesterday, and takes the situation coolly. He acknowledges this morning that $800,000 of the bank's money was in cash in the hands of Fisk & Hatch, who paid interest on the sum pending. he says, its permanent investment. The receiver has made no sales of any securities, and will await orders of the chancellor after submitting his statement. CONDITION OF THE NEWARK BANK. NEWARK, N.J.. May 17.-Receiver Wilkinson, of the Newark Savings Institution, this afternoon submitted a statement to the chancellor showing that the amount due depositors is $6,156,534. The total assets, according to the receiver's estimate, exclusive of $845,000 due from Fisk & Hatch. are $4,995,337-a deficiency of $1,161,197. The bank has securities and cash on hand to warrant the payment of 30 per cent. to depositors immediately. In case that Fisk & Hatch are able to resume the bank would lose nothing, and the receiver says he will make the most liberal arrangements possible to enable the firm to continue business. THE LONDON ECONOMIST ON THE SITUATION. LONDON, May 17.-The Economist thinks that if the panie in New York is confined to the Stock Exchange, it is not likely to continue long or leave seeds for future trouble. It will tend rather to clear the air and facilitate gradual recovery from the depresThe present trou-

15. May 22, 1884 The Bolivar Bulletin Bolivar, TN

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THE export of wheat to Australia from England in 1884, it is estimated, will be 11, 000,000 bushels. ON the 13th the Supreme Court of the Knights of Honor of the United States began a ten days' meeting at Chicago. ON the 13:h a can with forty detonators for firing dynamite was discovered under the wall of Woolwich (Eng.) Arsenal. REPORTS are again current to the effect that the Erie Railroad lost nearly $2,000,000 by the Marine Bank and Grant & Ward failures. THE authorities of Canada seem to think their precautions against dynamiters were necessary, according to recent developments. DURING the year over $10,000 was ex pended among the freedmen of the South by the National Temperance Society, and they report that the blacks maintain the the pledge equally as well as the whites, THE authorities of Dublin have been warned of attempts to destroy the Nelson column, and a laborer with a bag of gunpowder and a long fuse was arrested on the 13th inside of Dublin Castle. DURING the past year business was the most unsatisfactory in the history of the Toronto (Ont.) Corn Exchange THE Treasury Department will now redeem bonds embraced in the 127th call prior to the date of maturity-June 20, 1884. AMERICAN securities fell off in London on the 14th, consequent upon the New York failures, and there was one small failure on the Stack Exchange. A TREATY regulating the liquor traffic with Siam, similar to the ones in force with England, France and other nations, has been signed at the State Department. ON the 14th the Odd-Fellows of San Francisco laid the corner-stone of their new hall. Nearly all business was suspended, Governor Stoneman having proclaimed the day a legal holiday. The hall will cost $200,000. IN the Falls Creek, St. Marys and Hardscrabble mines, Dubois County, Pa., the miners have struck against the introduction of the screen system, and 1,500 miners at Canton, O., are threatening to strike. FINANCIAL circles in New York were badly excited on the 14th by numerous failures. The following comprise the list: Donnell, Lawson & Simpson, the Metropolitan Bank, O. M. Bogart & Co., Nelson, Robinson & Co., Goffe & Randall, Hatch & Foote, J. C. Williams, stock broker, and the Atlantic State Bank of Brooklyn. There was a run on the Phonix and the Second National Bank, but they were reported by the Bank Inspector to be sound. Throughout the country the reports were that no danger was feared of banks in other cities suffering in consequence of these failures. THE recent treaty between the United States and Mexico has been ratified by the Mexican Senate. AT Louisville six hundred horses had arrived for the Spring meeting of the Louisville Jockey Club, which began on the 16th. THE Presbyterian General Assembly began its annual session at Saratoga, N. Y., on the 15th. Rev. Dr. Hays, of Denver, Col., was elected Moderator. ON the 15th at the National Jockey Club races at Washington, D. C., Gath, in taking a hurdle, caught his foot and, falling upon his head, broke his neck and died. THE Fort Worth (Tex.) Water Company has filed suit against Donnell, Lawson & Simpson for the recovery of $130,000, said to be due on the sale of bonds. ON the 15th the bill regulating the manufacture, sale and use of explosives was adopted by the German Reichstag, after which that body adjourned until June 10. WASHINGTON seems to be the headquar< ters for cranks. An old lady claiming to be "Queen Lucinda, from Louisville," wanted possession of the Executive Mansion on the 15th. i AT the annual meeting of the Board of Fire Underwriters in New York President Hood stated that the loss by fire during the past year had aggregated over $100,000,000. ON the 15th the Metropolitan Bank of New York resumed business with a change of Presidents, Geo. I. Seney being succeeded bv Henry L. Jacques. Fisk & Hatch and i A. W. Dimock & Co., brokers, suspended. I IN the case of E. B. Wheeler for the killing of Marshal J. P. Matthews, at Hazel5 hurt, Miss., a verdict of not guilty was rea turned. 1 JOHN KETCHUM, known as one of the Breathitt (Ky.) gang, was killed by a man 1 named Bowles in Rock Castle County, on 1 the 15th.

16. May 22, 1884 Weekly Chillicothe Crisis Chillicothe, MO

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Second was was In the Wall rious from rushto and one lower, points dropped of a at rate within speed. frightful were the few minutes on the O. nounced M. and Foote Boger Hatch of and Co., N. and Goff Next came Williams.co., Robinson of Na the the failure of with capital 1. 000, Seney of the the road, is Georgiate Nickle the Ohio and whose Central to are roads East believed run combeen have heavy the bank National Second menced that found soon where been bad elected J. James A of deprowhridge the that president: by his Eno had promptly bank and paid By the sound. of institution Wall street room foot by ten for occupied an ex many being them crowd. to happened im the be Polfordered for call bonds... eited ladies. in New Secretary York and of the of last easing by the the monetary the mediate in the 1 pe currence were change an of of nonneed or simpson Donnell. in panic. cent as diem. the Burnhapato bank State Atlantic of of capital Brooklyn The 000 events doors. closed the Paul preferred morning and Pullmar common Cen Northwester stock par. knocked to tral Union points. Michiganitic forced to to 49. The 39 Union Western tal shares 630,000 in "transactions the Penn The markets tet petroleum down were cities gylvania Jul but little points. recovery shower wheat in Chicago of cents from deeline of but the most highest M. was Charles Bayard. in stock phia. broker suspend Philadelp ed In block large Boston of and Atch bonds Central Alexican on the son were market of to five seve from causing an points: Louisville an nine stock points. other Nashvilleging American showed decrease or value. individu Chicago to by the seems have affected the Time citing simpson. Donnell, Lawson of The house Lawson New Donneyork special simpson. the by was down failure with the which bank, The house carried wl of Robert Donnell, a mi composed be over worth wl reported M M. le Lawsonem George manage in of ers lion was dollars. in Europeanly firm the of ban that years ago. is now who was Chick Wall street son for 111 hundred of Information son. for Northeffed in firm among about we ern agen fiscal w bankbankers. of for They enjoy Kansas. in the extent er The policy western to No the been has at discourage stre and York avoid be th wall in Simpson on out stock money on lend and mon to the western bankers. in d speculation: the firm no rule who to course, were wh principal we kn the failed. be be dema that there ed general nonder upon corresp to be fair and for th to and favor none at to see who once suspend as at we are What your nd ab that say they liabilitiesPare cc, You may IIIof this firm priva distu the ntof llly $3,000,000. The disastor carries to the area. financial The ramin Illine Iowa, ance bankers into a their new business into Kans the Nebraskit, Colorado. and tl urtions Missouri. Texas. more extensive York has territories Arkansus. are other New bankers eit omfrom any and the westerbasiness their it an red Many to this do firm or of with the ba will are proba of not the hear jou ore Their wholly national 80 remote bank that suspensitive they for the seve fi days.rate but several aggregate he be the the Texas proably jest have of been carry losers. of the the result large balances in land the tivity speculati is in said bank are Tex... Benham, of $50,000. h the however of have One a balance banks involved. and it condition will dep lied iles upon one the numer in small failurine largely small of the balances. each the local whether over the It is fir the ork that feeting will :opple the west. upon of the at adidase and company Railroad end ma loan than more is tropolitan Metropoo. crippled it credit been at over the $1,000,000.

17. May 23, 1884 Savannah Morning News Savannah, GA

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Court, appointed Freling H. Smith temporary receiver of the Atlantic State Bank of Brooklyn. The bank is ordered to show cause before Judge Pratt on Monday next why the receivership should not be continued, and the affairs of the bank ,wound up.

18. May 23, 1884 New-York Tribune New York, NY

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A RECEIVER FOR THE ATLANTIC BANK. MR. SENEY'S $235,000-BELIEF THAT DEPOSITORS WILL BE PAID IN FULL. The affairs of the Atlantic State Bank, of Brooklyn. which suspended a week ago on Wednesday, reached a crisis yesterday when Freling H. Smith was appointed receiver of it, in an action begun by the Attorney-General of the State to wind up its affairs on the ground of its insolvency. The report to the State Bank Superintendent, presented by examiners Van Vranken and Adams. showed assets $918,609 18; liabilities, $1,158,622 47. leaving a deficit of $240,012,09. Against this the bank set $235,000 deposited for it by George I. Seney, the managing director, with the Metropolitan Bank, of this city, of which he was president, and which cleared for the Atlantic State Bank. It was asserted that this sum. which Mr. Seney took, was an investment by the Metropolitan Bank for it, but the Metropolitan Bank asserted that it was a personal matter with Mr. Seney, for which it was in no wise responsible. For years Mr. Seney, who owned more than a fourth of the stock of the Atlantic State Bank, invested its.funds for the benefit of the bank. The securities that he bought or took as collateral for the loans he made were kept in the vaults of the Metropolitan Bank, and he merely gave notice to the Atlantic State Bank of the investments. The other Airectors had unlimited confidence in Mr. Seney, and allowed him[to use his own judgment. President Puffer still expressed this confidence yesterday, saying that Mr. Seney would make the $235,000 good to the bank, having promised to pay it by the end of this month, and that he had a large surplus after making over his property to the Metropolitan Bank. The proceedings for a receiver were taken before Judge Pratt, in the Kings County Supreme Court, and an order was made returnable on "May 26, to show cause why a permanent receiver should not be appointed. Receiver Smith gave bonds in $100,000, his securities being Obed Wheeler and W. L. Breeze. I One of the largest single deposits in the bank was that of the Bridge trustees, of $193,000. This sum belongs to this city and to Brooklyn, in the proportion of one third to the former and wo-thirds to the latter. Brooklyn has also $52,000 in the bank, and the Brooklyn Board of Education $55,000. The Brooklyn City Railroad Company has about $70,000 in the bank. and the Union Ferry Company nearly as much. Mayor Low, Controller Brinkerhoft, and Bridge Trustee Stranahan visited the bank yesterday morning. It is believed that the depositors will be paid in full, but this is contingent upon Mr. Seney's paying over the amount that he invested for the bank. It is understood that he has already provided for $50,000 of the deficit.

19. May 24, 1884 Sacramento Daily Record-Union Sacramento, CA

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TELEGRAPHIC BREVITIES. Senator Chaffee has rented a house at Morristown, N. J., for his daughter. The first vote Congressman English cast was to investigate the charges against his father. F. H. Smith has been appointed temporary receiver for the Atlantic State Bank in Brooklyn. Amos. R. Eno has mortgaged the Fifthavenue Hotel property to the Mutual Life Insurance Company for $1,250,000. It is understood that the Erie Railway will raise the money to pay the interest on its second consols falling due June 1st., The bill authorizing the accounting officers of the Treasury to adjust the accounts of J. L. Burchard, late agent of the Round Valley Indian Reservation in California, was passed Thursday. Postmaster-General Gresham has ordered that all mail matter heretofore carried from New York, New Orleans and Galveston to Mexico by sea shall hereafter be sent by El Paso over the Mexican Central Railway. An exodus of settlers from Manitoba to Dakota and Montana is predicted as a result of the refusal of the Ottawa Government to grant the relief asked for by the farmers, and the recent action of the Canadian Pacific in not building branch lines in Manitoba. The Monterey, Mexico, Revista, an influential journal, in an editorial upon the present state of affairs in Mexico, closes with this significant sentence: "It is a fundamental law of the Nationalists that excessive tyranny will sooner or later produce liberty. Do you understand that our final destiny is to become Yankee?" The acceptance by General Butler of the Greenback Labor nomination has attracted the attention of the Democratic politicians to his availability as a candidate, and while the older politicians, with hardly an exception, scout the idea of his candidacy, the younger ones think that he might win in Massachusetts, besides carrying New York and Indiana.

20. May 24, 1884 Arizona Weekly Citizen Tucson, AZ

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-h PH te be g CLIFION, May 16. Much feeling is manifested in Clifton and Morenci over ed t. the hanging of Jno. Nichois, whose body was found last Saturday, twelve miles south of Lordsburg, N.1 M. Nichols left al Morenci about a month ago, well provided with money visit some adjoining camp, and was last heard of in He Lordsburg about fifteen days ago. was formerly shift boss in the Detroit Copper company, and was an industrious and law abiding man. The New Mexico authorities will be urged to thoroughly it investigate his mysterious death, as of was believed he was foully murdered. TOMBSTONE, May The jury in the case of Adams, charged with the marder of Constable I. L. Roberts, of this city, February last, returned a ver diet of manelaughter. The Grand Central mine directors have held meeting and decided not to resume work on the mine except on the basis of $3 per day. This is final. The miners' union still hold out for St. City very quiet. TOMBSTONE, May 19.-J. R. Mason was shot and instantly killed at Fairbanks last night by William Humphries. From the testimony at the coroner's inquest, it looks like an unprovoked murder. Humphries gave himself up and is now in custody. The killing 18 said to have been the result of an old feud. The latest phase of the conflict between mine owners and miners is that the mines will not pay more than three dollars per day and will not employ union men, even at that rate. Union miners are leaving camp rapidly. NEW YORK, May 16. Fiske & Hatel the will open for all desiring to consult but no business will be transacted firm. receiving claims and fixing basis beyond of settlement. Fiske said that depositors and other ex pressed many their entire confidence and notified them that their claims will not be of pressed. Business began at the Exchange Stocks with flarry. weak, out the appearance succeeded by better feelopened ingand general advance of one-half to two. Foreign bankers are buying extensively. Rumors of failures continue, but no announcement yet made and is exists treat ed as ridiculous as DO in for such action, speculation being Ex. no panicky. An officer of the sense change states that he is informed by Russell Sage that he will meet every sent in, but must proceed slowly. "put" The Clearing House committee have certificates ready upon instant de livery loan and express the determination to use them liberally with view of reliev without delay the stringency of the money ing market. There is wild talk about closing the Stock Exchange FISKE HATCH'S BANK CLOSES. N. May 16 The Newash The bank officers say Fiske & Hatch own the institution million dollars capital. THE LONDON STOCK MARKET. LONDON, May 16. Stocks opened relower than last night, on somewhat from New York. Shortly afterwards ports general firmness set in which prevailed up to 2:30. $3,500,000 LEGAL TENDER PAID OUT THIS MORNING. NEW YORK, May 16- Noon. The of legal subpaid out $3,500,000 treasury This strengthens tenders this morning. The first two hours of business, the bank reserve. which are usually the most in of flurry, passed dangerous with only one small failure, which had no depressing influence. FLURRY IN KANSAS CITY OVER. KANSAS CITY, May 16 All traces circles of flurry in banking yesterday's disappeared. The banks are pay have ing in full, and to-day 'sibusiness is moving along as usual. CENTRAL PACIFIC ANOTHER BANKER GOES. NEW YORK, May 16 11:30 a. m. -Fisk conHatch have posted a notice that & of the Central Pacific bonds will pons be paid at the office of the railroad company. H.C. Hardy & Sons have suspended; for all their contracts are provided demoraliz Stocks are heavy and ment were of the failure; on the afterwards annound rallied 1/2 to 214 some they stocks are heavy; New shares, but few 10. York Central selling 108 against CLEARING HOUSE CERTIFICATES YORK, May 6.-Manager Camp, banks NEW the Clearing House says the of of availing themselves now freely not are certificates. He would be surprised the new if ten million would be taken all The suspended firms are to-day. busy straightening their affairs. AN ATLANTA, GA., BANKER FAILS. ATLANTA, Ga.,May 16 -John H. James, announces he will not open banker, doors to day. He has real estate which to the amount of half milliop dollars which will offer for sale at once and The than meet liabilities. will banks more and bankers of Atlanta tendered assurance of assistance, which James declined. CATCHING THE FEVER. CHICAGO, May 16.11a. m. demoral- Markets depressed and are partially ized are on the receipt of the news of additional failures in New York and there was a decline in stocks. THE ATLANTIC STATE AND THE CAPITAL BANK. NEW YORK, May 16. The excitement several of the Brooklyn banks has calmed down. at The Atlantic State Bank The was open o-day. but bank no examiner business was got transacted. through last night and found every thing all right. The Capital Bank is improved. GOVERNMENTS DEPRESSED. NEW YORK, May 16. -Governments depressed, 41/8. and 4s. which closed last 110@112 and 120@122, on the street now 1081/@108 and 116@119. weakness night, is caused by the fear that r The Fisk & Hatch are holding to be marketed. Sage is not taking stocks on privileges but making settlements this morning, hecks for the difference

21. May 31, 1884 St. Landry Democrat Opelousas, LA

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THE authorities of Dublin have been warned of attempts to destroy the Nelson column, and a laborer with a bag of gunpowder and a long fuse was arrested on the 13th inside of Dublin Castle. A TREATY regulating the liquor traffic with Siam, similar to the ones in force with England, France and other nations, has been signed at the State Department. ON the 14th the Odd-Fellows of San Francisco laid the corner-stone of their new hall. Nearly all business was suspended, Governor Stoneman having proclaimed the day a legal holiday. The hall will cost $200,000. IN the Falls Creek, St. Marys and Hardscrabble mines, Dubois County, Pa., the miners have struck against the introduction of the screen system, and 1,500 miners at Canton, o., are threatening to strike. FINANCIAL circles in New York were badly excited on the 14th by numerous failures. The following comprise the list: Donnell, Lawson & Simpson, the Metropolitan Bank, O. M. Bogart & Co., Nelson, Robinson & Co., Goffe & Randall, Hatch & Foote, J. C. Williams, stock broker, and the Atlantic State Bank of Brooklyn. There was a run on the Phoenix and the Second National Bank, but they were reported by the Bank Inspector to be sound. Throughout the country the reports were that no danger was feared of banks in other cities suffering in consequence of these failures. THE recent treaty between the United States and Mexico has been ratified by the Mexican Senate. AT Louisville six hundred horses had arrived for the Spring meeting of the Louisville Jockey Club, which began on the 16th. THE Presbyterian General Assembly began its annual session at Saratoga, N. Y., on the 15th. Rev. Dr. Hays, of Denver, Col., was elected Moderator. ON the 15th at the National Jockey Club races at Washington, D. C., Gath, in taking a hurdle, caught his foot and, falling upon his head, broke his neck and died. THE Fort Worth (Tex.) Water Company has filed suit against Donnell, Lawson & Simpson for the recovery of $130,000, said to be due on the sale of bonds. ON the 15th the bill regulating the manufacture, sale and use of explosives was adopted by the German Reichstag, after which that body adjourned until June 10. WASHINGTON seems to be the headquarters for cranks. An old lady claiming to be "Queen Lucinda, from Louisville," wanted possession of the Executive Mansion on the 15th. AT the annual meeting of the Board of Fire Underwriters in New York President Hood stated that the loss by fire during the past year had aggregated over $100,000,000. ON the 15th the Metropolitan Bank of New York resumed business with a change of Presidents, Geo. I. Seney being succeeded by Henry L. Jacques. Fisk & Hatch and A. W. Dimock & Co., brokers, suspended. IN the case of E. B. Wheeler for the killing of Marshal J. P. Matthews, at Hazelhurt, Miss., a verdict of not guilty was returned. JOHN KETCHUM, known as one of the Breathitt (Ky.) gang, was killed by a man named Bowles in Rock Castle County, on the 15.h.

22. July 22, 1884 New-York Tribune New York, NY

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BRO oklyn. Dog licenses. from April 1 to July 15, amounted to $55,739 50, against $14,061 60 last year, an increase of $11,677 90. In the Equipment Department of the Navy Yard fourteen mea were discharged on Saturday, the appropriation being exhausted. The Brooklyn letter carriers are to be given two weeks' vacation, their work being done in the isterm by substitutes, who are paid at the rate of $600 a year. Christopher Bennett. a Fourth-st., E. D., liquor dealer. who failed to prove that Joseph Daniels, of the Excise League, tried to blackmail him recently, had his license revoked yesterday. Ex-Sheriff Anthony Walters died at his house, No. 84 Hewes-st.. yesterday, of a complication of diseases. He was sixty-one years old, and came from Lerraine when sixteen years old. He was an A derman and Justice of the Peace before being Sheriff. The question of Sunday music in Prospect Park is now under discussion. Park Commissioner Chauncey, after visiting Central Park. strongly advocates Sunday concerts. Acting Mayor Olena is in favor of it, as are many of the Councilmen. Kate Larrabee, the notorious female burglar, who entered houses through the basements, was again arrested vesterday while breaking into the house of James Dorsen, No. 122 Grove-st. She lately completed a term in the Penitentiary for burglary. Charles Owen, an employe of the Long Island Railroad Company, drew his pay on Tuesday and has been missing from his home, on Van Cott-ave,, near Leonard-st., Greenpoint, since. His friends fear foul play, as no domestic or financial reasons exist for his disappearance. Receiver F. H. Smith, of the suspended Atlantie State Bank, vesterday began the payment of the 40 per cent dividend ordered by Justice Cullen. The whole amount of proved claims is $721,121, including those of the Bridge trustees, the City Controller and the Board of Education. The Bridge trustees received $77,000, the city $21,000, the Board of Education $22,000 and the City Railroad Company $11,090. This leaves only $8,000 of the assets in the keeping of the Trust Company. Sarah A. Maine, by counsel, applied yesterday to Justice Cullen, in the Supreme Court, for alimony and counsel fees pending a suit for limited divorce. I he trouble is because of an orphan niece of the plaintiff's who became engaged to Mr. Maine's son. A breach of promise suit for $10,000 grew out of the engagement and a verdict was rendered for the young woman. Mrs. Maine desired her to return to

23. June 13, 1885 New-York Tribune New York, NY

Article from New-York Tribune, June 13, 1885

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GEORGE I. SENEY UNDER FIRE. THE LOANS TO HIS SON-IN-LAWS FIRM. HOW HE EXERCISED HIS JUDGMENT-HE THOUGHT THE LOANS PROPER. George I. Seney, once the president of the Metropolitan National Bank, sat again yesterday in Referee Cole's office and answered questions put to him by his counsel, Colonel Fisher A. Baker, and by F. L. Stetson, who acted for Freling H. Smith, the receiver of the Atlantic State Bank of Brooklyn. The portly and well-preserved ex-president sat slightly leaning forward and between his answers he pressed his lips with the curved handle of a formidable-iooking cane. After Colonel Baker had expressed the view that Mr. Seney should not be mulcted in damages because securities held by him did not turn out as well as he had expected, he took up the subject of those securities, especially those given as collateral for the $255,000 loans made in 1883 to Nelson Robinson & Co., and charged to the Atlantic Bank. Mr. Seney did not know whether these securities belonged to himself; they might have been purchased by Robinson & Co. for him. He said it was May 15, 1884, when he had a conversation in his office with Mr. Denton, of the Atlantic Bank. Mr. Seney was then no longer president of the Metropolitan. He had taken the securities from the vault to which he alone had access, and had transferred them to his private office for the convenience of those calling to settling accounts. He was not then attending to the business of the bank. Q-As to the deposits of the Atlantic in the Metropolitan Bank, was the Atlantic entitled to draw on you to the amount of the deposit A.-Yes. Q-Did you yourself make any of the entries A.-No. Q-Explain how it was that you said you could not tell at whose request the loan of August 2, 1883, was made. A.-I had so many transactions that I can specify no particular one. Q.-Did any of those loans go immediately to your credit? A.-No. -What did you mean when you said the other day that they might? A.-They might come to me through Robinson & Co. They might have loaned me a part of the money after getting it from the bank. I didn't know it to be a fact. am not informed as to all the money belonging to Robinson & Co. Q.-1s there any way of distinguishing the amount belonging to them or those they might hold as collaterals? A.-No. Q-Are you then able to determine the ownership of any of those securities deposited in the Metropolitan Bank. A.-No. They all came from Robinson & Co. Q-Did you have charge of the loans of the Metropolitan, how taken and by whom? A.-Yes, Q.-What was the average amount? A.-For the year, including discounting. about $12,000,000. exercised my judgment in all these loans. It was customary at certain times, when there was a heavy tax on notes. I think banks generally did-to make loans without taking notes. That was so as late as 1883-'84. Q.-Customary in other banks? A.-I do not know. Q-What authority had you from the Metropolitan to loan money standing to the credit of the Atlantic Bank! A.-I hadn't any. Q-Did you at the time consider these loans proper on the security furnished! A.-I did. Q-Did you have considerable knowledge of the value of these securities aside from the market price? A.-I° think so. Mr. Stetson took up the redirect examination. Q-You say you don't know how these securities came to be yours. Is there any doubt that they were purchased by Robinson & Co.1 A.-They were of the kind I dealt in. I couldn't identify them. I did not think I of it at the time whether these were mine or not. don't think they came from any other source than through Robinson & Co, Q-Did Mr. Puffer [president of the Atlantic Bank] know that you were the only one having access to the particular compartment containing the securities A.I don't know that any one besides myself knew the fact. Q-Have you any specific recollection at whose request the loans were made A.-No. They were made by permission of Mr. Pepper. A persistent pursuit of the subject by Mr. Stetson failed to give him information as to when Mr. Puffer gave the permission. Mr. Seney said he could not tell whether it was one month or one year before the loans were made. Mr. Stetson-Give his language. A.-He said to me to loan money for the Atlantic Bank. I gave him to understand I would do it. I can't give his exact language. The conversation took place in the bank during banking hours. He used to stop in every day and talk over the Atlantic Bank matters. Mr. Seney next said that while he was the president of the Metropolitan he was interested in the East Tennessee, Virginia and Georgia and the Central Ohio! Railroad companies. He did not act as general or special adviser for Robinson & Co. He did try to keep himself informed of the bonds of the railroad companies mentioned. Mr. Stetson-They got away from you, didn't they 1 A.-Yes.

24. November 6, 1885 New-York Tribune New York, NY

Article from New-York Tribune, November 6, 1885

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REAL ESTATE. BUSINESS AT THE EXCHANGE. The great feature of the Real Estate Exchange yesterday was the auction sales by Louis Mesier of the unsold portions of the estate of Thomas Hunt in Third, Fourth and Fifth aves., Brooklyn. The bidders began to arrive long before the sale began and when the bell rang. in the centre of the room was a crowd who kept upa brisk fire of bids from 12 until 3 o'clock. The prices realized were higher than at the last sale. The class of the buyers is the best indication of the really healthy condition of the market. The great bulk of the property was bought in small lots by thrifty Germans, hard-working mechanics, small store-keepers, etc. Several were bought by widows and married women. On block No. 242, between Forty-sixth and Forty-seventh 818., and Third and Fourth aves., E. S. Gulick bought the corner lot for $1,180, lot No. 2 for $790, No. 3 for $720, No. 62 for $490 and No. 50 for $400. Lot No. 49. in Forty-seventh-st, brought $400. Higher up Mr. Crawford gave $325 for lot No. 40. At the close of the sale Mr. Hunt, the executor, said: " We came over here to realize $150,000, and are more than satisfied with the result. The lots put up to-day are not equal in value to those sold at the last sale, but the prices obtained are very good." The broker's call daily attracts more attention and many sales result from it. Among others Mr. Blakeley yesterday reported the sale of No. 255 West Onehundred-and-thirty-third-st., a 16.8 foot house, for $12,250. The sale of Nos. 301, 303 and 305 East Fiftysecond-st., a four-story back flat house, to Mrs. Tynan for $32,750, was also reported. Mr. Bellamy called for a private house between Thirty-fourth and Fifty-ninth sts., not to exceed $60,000, with a 22-foot frontage. R. V. Harnett sold No. 73 West Forty-tifth-st. to R. J. Lewis or $20,250. There was keen competition for Nos. 114-116 Worth-st. The bids started at $100,000 and ran up to $141,250; Andrew Dougherty was the buyer. Lespinasse & Friedman sold under foreclosure 100 feet in Twelfth-ave. through to Kingsbridge between One-hundred-and-eighty-second and One-hundred-and-eighty-third sts. to the City Chamberlain, the plaintiff, for $3,900. A. H. Muller & Son sold No. 509 West Forty-sixth-st. to the plaintiff, under foreclosure, for $4,600. John T. Boyd sold a full lot in Madison-ave., 308 feet southwest of Kingsbridge, for $1,800 to John Twiname. Scott & Myers sold No. 170 Division-st. to L. Zeller for $26,700. The other sales were adjourned. R. V. Harnett will offer to-day under foreclosure the northwest corner of One-Hundredth-st. and Eighth-ave., one-story and four-story brick buildings. Louis Mesier will sell, also under foreclosure, No. 443 West Fiftysixth-st., a five-story brick flat. John F. B. Smyth will sell Nos. 42 and 44 Morris-st., Jersey City. J. T. Stearns will sell misceilaneous assets of Atlantic State Bank of Brooklyn by order of Freling H. Smith, receiver. At a meeting of the Board of Directors yesterday the following were elected members of the Exchange John H. Draper, Joseph Phillips, William II. Wells, John H. Dye, Frank Stevens, Thomas E. Waggaman, John Davis, Martin G. Wilkins, Rufus King and Sandford I. Ferguson.

25. November 12, 1885 New-York Tribune New York, NY

Article from New-York Tribune, November 12, 1885

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BROOKLYN. Rebecca Hooper. a colored girl, who was arrested Inst week for infanticide in throwing her newly born infant into a sewer drain, was discharged yesterday. The first meeting of the Long Island Baseball League, composed of amateur clubs, will be held at its club rooms, in Fulton-st., on November 20. Mayor Low, Mr. Beecher a d General Woodward were each honored with votes for the office of constable in the First Ward on election day. Half of the $60,000 needed to complete one pavilion of the unfluishe Senev Hospital has been secured by the Rev. George P. Mains, the financial agent of the institution. John Grant recovered $500 in the Supreme Court yesterday for the loss of a forelinger of his son, age fifteen. which Was cut off in a plunger in the tobacco factory of Buchanan & Lyall. A civil service examination of eighty-six applicants for positions as policemen in running and throwing weights was held yesterday on the grounds of the Brooklyn Athletic Association. It 18 understood that the Government has no intention of consolid iting the Post Office with that of New-York. Postmaster McLeer says that the consolidation would be a great wrong to the city. Freeling H. Smith, receiver of the Atlantic State Bank received permission from the Supreme Court yesterday to pay a final dividend of 40 per cent to the creditors of the bank, who will then have been paid in full. The Nassau Athletic Club, a Brooklyn organization which, though hardly two months old, has a membership of over 200, will have Its opening games on Thanksgiving Day at Washington Park. The new police launch, the Judge Moore, is now ready for use in patrolling the water front, a series of trial trips having proved successful. She is forty feet long, with eight feet two inches beam, and draws three and a half feet of water. Her engines are twenty-five horse power. She will be kept at the foot of Congress-st. The sealed verdict in the suit of Franklyn Bassford, a marine artist, to recover $519 and interest for a painting of the sloop yacht Hildegard, ordered by its owner, Herman Oelrichs, and which he refused to pay for on the ground that it was not painted to his satisfaction and was not delivered as agreed, awarded the plaintiff the full amount sued for. Trial trips were made yesterday on the extension of the Brooklyn Elevated Railroad from the Bridge to Fulton Ferry. In the first train at noon were some of the trustees of the company. Passengers were carried from the ferry in the evening. The covered walk leading from the elevated station at York and Washington ALA. to the platform for outgoing passengers on the Bridge was also opened for public use yesterday. It can not be used by persons going from the Bridge cars to the elevated trains.