14845. Central Bank (Brooklyn, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 2, 1870
Location
Brooklyn, New York (40.660, -73.951)

Metadata

Model
gpt-5-mini
Short Digest
bd007f70

Response Measures

None

Description

The Central Bank of Brooklyn suspended payment on or about 1870-08-02; its cashier J.L. Spoeder (Spolder/Spaeder OCR variants) was appointed receiver. Reporting describes insolvency (assets ~15% of liabilities later) and subsequent receivership, lawsuits and permanent loss to depositors, so the suspension led to permanent closure/receivership.

Events (1)

1. August 2, 1870 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension ascribed to unprofitable real estate and stock speculations by the bank's president (H. L. Pruyn/Pruyne) and precipitated by other banks (Marine Bank, City Bank of Brooklyn) refusing to receive its notes or honor its checks; insolvency shown by later reports (assets ~15% of liabilities).
Newspaper Excerpt
The Central Bank of Brooklyn has suspended payment, and its cashier, J.L. Spoeder, has been appointed as receiver, to examine and settle affairs.
Source
newspapers

Newspaper Articles (22)

Article from The Evansville Journal, August 3, 1870

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New York Items. NEW YORK, August 2. - Judge Barnard has denied the motion to vacate an order removing the Ramsey vs. Erie Railway suits to Delaware County. The coroner's inquest in the Nathan murder commenced Thursday. The sons of the murdered man will detail their movements before and subsequent to the assassination. Several workmen were buried by the caving of a sewer in Hudson City, last evening. Five escaped uninjured, and one was fatally hurt. [Second Dispatch.] NEW YORK, August 2.-The Secretary of the Treasury has decided that Collector Murphy alone will assume control of the lighterage of merchandise fre n vessels detained in the quarantine, thus confirming the stand taken by ex-Collector Grinnell, in favor of merchants, and against the health of the authorities of the port. The Central Bank of Brooklyn has suspended payment, and its cashier, J.L. Spoeder, has been appointed as receiver, to examine and settle af fairs. The cause of the disaster is not known, but is generally ascribed to unprofitable real estate and stock speculations of its President, H. L. Pruyn. who is owner and builder of the Brooklyn Postoffice building, Samuel's billiard rooms, and an elegant private residence on Jay Street. Pruyn, the principal owner of the capital stock of the bank, also reported that suspension was precipitated by the recent notice of the Marine Bank of this city, that on and after the first instaat it would refuse to receive all deposits offered. The bank is the oldest institution organized under the State charter, with a present nominal capital of $200,000, on which it has for some time paid a semi-annual dividend of five per cent. Stock since July 1st sold at 90c@ $1 00 with few buyers at any price. The last quarterly statement showed the loans and deposits for the last quarter to be $429,000, and the profits $29,000. Confidence in the strength of this exhibit, however, diminished by the suspicion that many of the securities of the bank largely consist of real estate collaterals, involved in the operations of the President, and neither the amount, loss nor per cent. of the assets to the liabilities are yet ascertained, though it is hoped arrangements will be made which will permit the bank to continue business. The city of Brooklyn is depositor with the bank to the amount of $160,000, and the United States Post Office also has a deposit there, for which, however, the Postmaster is personally responsible. The other heavy depositors are Cole & Murphy, auctioneers, $10,000, Mr. Murphy having a private account of $15,000; Willets Jarvis, $9,000. and George Kinkle, butcher, $35,000.


Article from New Orleans Republican, August 3, 1870

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NEW YORK. Romance in the Gold Room Stories for the Brokers.-Governments Closed Steady but Dull--Customhouse Officials vs. Health Officers--Departure of Prussians for the Var--Suspension of Central Bank of Brooklyn. NEW YORK, August 2, Evening-Money closed at 4@5c; sterling 934 @ 1034. Gold opened firm on debates in English Parliament and fell in bonds in London; price ranged from 121 34 to 122. During the afternoon it declined on the story that Lord Lyons and Prince Metternich were trying to patch up peace between France and Prussia: closed dull at 121 1/2 @ 12158. NEW YORK, August ..The customhouse officials claim, and are sustained by Secretary Boutwell, to have charge of lighterage against health officers. The Prussians owing home war duties continue to report. Two hundred leave this week. The Central Bank of Brooklyn suspended to-day. Cause, unfortunate in real estate transactions by the president. Tennessees opened heavy and lower. Dur ing the afternoon firmer with advance of 1/8 @14 on lowest figures of the day. Closed steady but rather dull. Sixes of 1881 with coupons, 113 % 62s 1101/s; 64s 10934; 65s 109% new 108%; 67s 10834: 68s 109; 10-40s 106% Tennessees 605/; new 68; Virginias 58 1/2: new 60: Louisianas 68; new 65; Levee sixes 65; eights 84; Alabama eights 98; fives 71; Georgia sixes 82; sevens 85: North Carolinas 48; new 29; South Carolinas 80; new 72.


Article from Gold Hill Daily News, August 3, 1870

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SECOND DISPATCH. DATES TO LAST NIGHT. From New York. NEW YORK, August 2.-The steamer Russia, from Liverpool, spoke the yacht Sappho midway on the ocean. The Nathan inquest commences on Thursday. The sons will detail their movements before and after the assassination. There is still considerable activity at the Prussian Consul General's office. Two hundred Germans left this week for Fatherland, to take service in the Prussian army. The Central Bank of Brooklyn suspended payment to-day, and J. L. Spoeder, its cashier, has been appointed receiver, to examine and settle its affairs. The cause of the disaster is said to: be the unprofitable real estate and stock speculations by its President, H. L. Pruyn. No statement has yet been made of the real situation of the bank; but it is generally believed the failure is a bad one. BOSTON, August 3.-A few days ago, seven one thousand dollars and four five hundred dollar United States 7-20 bonds, of 1867 issue, were obtained in this city on an altered certified check, with the usual name of Charles Mackay, New Orleans.


Article from The Wheeling Daily Register, August 3, 1870

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Wheeling Register. Market Reports on Third Page. TELEGRAPHIC SUMMARY. Gold closed in New York yesterday at 1218. A beautiful meteor was seen at 7:30 Monday evening, in the West, at Memphis, Tenn. It in stated that the Dauntless will not enter in the coming race for the Queen's Cup. Judge Barnard denied a motion to vacate an order removing the Ramsey vs. Erie railroad suits to Delaware county, New York. The wounded of the Silver Spray, in the hospital at Memphis, are to doing now well. All that were able rail. travel have left for their homes by Judge Gray, of the Sapreme Court of Massachusetts, yesterday appointed receivers for the Hartford and Erie railroad, requiring bonds from each in the sum of $50,000. The coroner's inquest in the Natahn's ssurder will commence on Thursday. The sons of the murdered man will detail their movements before and subsequent to the assassination \ German named Meyer, a furniture dealer, shot himself in the head at a pienic at Humboldt Park, Memphis, Tennessee, on Monday night, inflicting asevere wound. Cause jealousy. Returns at the census office at Wash ington indicate that by the 15th of August about one-half of the country will be enumerated and it is thought the 1st of September will witness the substantial completion. The dead body found in Landerdale county, Tennessee, last week, is now known to be that of L. H. Crane, from the papers found on his body. He was proprietor of a billiard saloon in Roch ester, New York, and was murdered by persons unknown. Mrs. Martin, who was shot by the negro Wilson last Sunday, near Memphis Tenn., is better, though little hopes are entertained of her recovery. Wilson's wife, whom he shot at the same time, will die. Wilson has been tracked to Memphis but so far has not been arrested. The Central Bank of Brooklyn, N.Y. payment and its J. has been has L. suspended Spaeder, appointed Cashier, Reto examine and settle affairs. of the disaster not ceiver The cause is its certainly known. but is generally ascribed to the unprofitable real estate and stock L. speculations of its President. H. Pruyn. The exposition of textile fabrics, at Indiana, has in and spent Indianapolis, opening arranging been Large mostly goods adand putting up machinery. ditional invoices of goods arrived on Monday night and yesterday morning The fabrics on exhibition this year are vastly superior in quality to any previous exposition. Havana correspondence gives the of more executions, details skirmishes still goes and confiscations Fighting on in the mountains, but the yellow fever and cholera are doing the Spanish army more harm than the Cubans. The Spanish gunboats are closely watching the coast for the ship Salvanier, which is reported to have recently left Havana with arms, ammunition and men. The Memphis Avalanche's Grand there Junction special says the trouble was caused a on Monday by Saturday murder committed near there One Jorden, white, colored, had a Miller was shot arm. night. Miller, which difficulty in and the during Lewis sued out a writ the absence of the but Miller in against magistrate Jorden the trial did not come off On Saturday night five men went to Miller's house, him after him they carried and tying him death about a mile and whipped to the held next implicated W. P. his son-in-law, and immediately evidence who Allen, At were inquest John arrested morning The Bowden Jorden, negroes and the taken to Grand Junction were greatly enraged and flocked to town armed as they said to protect the officers in enforcing the law. Guards the were summoned and placed over prisoners who after examination were committed to jail.


Article from Nashville Union and American, August 3, 1870

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NEW YORK. The Nathan Murder-A Horrible Hypothesis. NEW YORK, Aug 2-The morning papers gave a fearful record of murders, homicides and deadly assaults, with bullet, knife, bayonet "and axe. While the police are searching for Nathan'smurderer many other murders, nearly as revolting have been committed. Notwithstanding the indignation expressed by papers and Jews at a Sunday paper, for charging Washington Nathan with murdering his father, the Her ald this morning publishes nearly two columns, stronglyhinting the same fact and saysevery detective believes a member or employee of the family committed the murder. They ground the suspicions on the facts, first, that he was the last to see Mr Nathan alive and the first to discover the murder. Second, that he had blood on his clothing, and that there is no evidence about the premises that the murderer, whose feet must have been dyed in blood, having left the house. Third, that with the aid of Nathan's memorandum of the combination lock, his son was able to open the safe on Broad street and secure the will of his father. The coroner's inquest of the Nathan murder commences Thursday. The sons of the murdered man will detail their movements before and subsequently to the assassination. Several workmen were buried by the caving in of a sewer in Hudson city last evening. Five escaped uninjured; one fatally hurt. Lighterage from Quarantine. The Secretary of the Treasury has decided Collector Murphy alone can assume control of lighterage of merchandise from vessels detained at quarantine, thus confirming the stand taken by ex x-collector Grinnell in favor of the merchants and against the health officers of the port, A Brooklyn Bank Suspends. The Central Bank of Brooklyn suspended payments, and its cashier has been appointed receiver to examine and settle affairs. The cause of the disaster is not known, but generally ascribed to unprofitable real estate and stock speculations of its President, H. C. Pruyne, who is the owner and builder of the Brooklyn postoffice building, Samuel's billiard rooms, and an elegant private residence on Jay street. Prayne is also reported the principal owner of cap ital stock of the bank. The suspension was precipitated by a recent notice of the Marine Bank of this city, that on and after the first inst. it will refuse to receive all deposits offered. The bank is the oldest institution organzed under the State charter, with a capital of two hundred thousand, on which it has for some time paid a semi-annual dividend of five per cent. The stock since July 1 has sold at 90@100, with few buyers at any price. The last quarterly statement showed loans and deposits for the last quarter to the amount of $429,000, and profits of $29,000. The confidence in the strength of this exhibit, however, is diminished by the suspicion that many of the securities of the bank largely consist in real estate collaterals, involved in the operations of the President. Neither the amount of loss nor the per cent of assets and liabilities are yet ascertained, though it is hoped arrangements will be made which will permit the bank to continue its business. The city of Brooklyn is depositor with the bank to the amount of $160,000, and the United States Postoffice, also, has deposits there, for which, however, the Postmaster is personally responsible. There are other heavy depositors. Cole & Murphy, auctioneers, $10,000. Mr. Murphy having a private account of $15,000; Willets & Jarvets, $9,000.


Article from Alexandria Gazette, August 3, 1870

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NEWS OF THE DAY T. stow the age and body of the Times It has been ascertained that where ap ple pomace is used in fruit distillation the volume of water required to be added to prevent burning in boiling is equal to that of the pomace ; and in determining the capacity of distilleries where such material is used, assessors and their designated assistants are authorized by the Inter nal Revenue Bureau to make such an allow ance. The Northern Pacific Railroad Company has filed with the Secretary of the Interior their first mortgage upon their franchise lands, and other property, for five millions dollars to secure the issue of a corresponding amount of bonds Twenty five internal revenue stamps of the value of two hundred dollars each ($5,000) are affixed to the instrument. The sundry civil expenses bill passed by Congress appropriates $29,000 to enable the superintendent of coast survey to make observations in Europe on the eclipse of the sun next December. The Central Bank of Brooklyn, New York, suspended payment yesterday. The cause of the suspension is generally thought to be un. profitable real estate and stock speculations by the President. The French and Prussian Ministers of War have both been informed by the United States that articles not contraband of war may be purchased by both Governments in this country. About two hundred applications for banks. under the new currency law, have been received by the Comptroller of the Currency at Washington. No clue has yet been found to the murderer of Mr. Nathan at New York last week, and some of the New York papers fear that the as. sassin will not be discovered. Mr. Marriott Boswell was yesterday appointed Clerk to the Board of Police Commissioners of Baltimore, to fill the vacancy occasioned by the death of the late Thomas E. Martin. Deputy Commissioner Douglas directs that the tax assessed upon shipbuilders' sales, under the act of March 31, 1870, be suspended. It is thought that by the 1st of September the census will be substantially completed. The Troubles in North Carolina. RALEIGH, Augnst 2.-The Marshal of the Supreme Court has returned from Yanceyville. Kirk refused to surrender the citizens held in custody. Counsel for the prisoners moved, first, for an attachment against Kirk; second, for a writ to some competent persons to bring in the bodies, and call out the power of the county. it necessary. Chief Justice Pearson refused both motions, reiterating his former declaration that the power of the judiciary has been exhausted, and that he has no posse comitatus to enforce the writs. Six other citizens of Alamance were arrested yesterday. PENNSYLVANIA COAL TRADE.--The total pro. duct of all the anthracite, semi-anthracite and bituminous coal regions for the week, 28 far as reported by the several carrying compa nies, is 357,624 tons,against 359,452 tons the previous week, a decrease of 1,828 tons; and for the fiscal year 9,007,984 tons, against 7,87 7,429 tons to the same dates last year, being a in increase of 1,130,555 tons. The market has been moderately active, with a slight advant e in prices, and there has been an evident disp osition manifested on the part of dealers to buy liberally to supply the coming autumn demai id. All are anxious to sell coal while the price is up, and this desire will be the means of redu cing the prices quicker than anything else.- Philadelphia Ledger.


Article from The New York Herald, August 3, 1870

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THE CENTRAL BANK OF BROOKLYN has been compelled to suspend payment on an injunction from the Supreme Court restraining the officers from doing any further business until the affairs of the ybank are investigated. One shameful feature of this suspension is that at the moment checks for money were being returned by one clerk to the holders unhonored deposits. were being readily accopted by another at the next desks


Article from Memphis Daily Appeal, August 4, 1870

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BANK FAILURE. Continued Excitement Over the Closing of the Central Bank of Brooklyn. NEW York, August 3.-There is continued excitement relative to the suspension of the Central Bank of Brooklyn, and much indignation expressed by heavy depositors at the Cashier of the bank being appointed Receiver. The neighborhood of the bank was crowded with anxious inquirers, and, as it was understood that all deposits made yesterday would be returned to day, many availed themselves of the chance and drew their money. Among the heaviest depositors are the city and county institutions. The city has in bank $158,436. The county Treasurer had deposited $105,000, which is mostly secured. The Brooklyn water department has a deposit of $23,000. As far as has at present been ascertained, the liabilities will reach $800,000, and perhaps a million, against $200,000 capital and a State deposit of only $5000. As to collaterals, the bank officers refuse to give any information. The President, it is understood, has turned nearly all his real estate, consisting of the Post-office building, Commonwealth hall and lots on Adams street, over to the bank as security.


Article from The Wheeling Daily Intelligencer, August 4, 1870

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1 B The Latest News. NEW YORK CITY. Gov. Hoffman Does his Duty by the Murderer Real. NEW YORK, Aug. 3. Gov. Hoffman in a letter to ex-Judge Stuart, sets forth at length his reasons for 8 declining to commute the sentence of John Real, now awaiting execution in the Tombs. The Governor says the case pre1 sents a clear and distinct issue between q law and lawlessness. The law must be vindicated. Tell Real, therefore, that he must die on the day appointed for his execution. A company of six Chinese, including a celestial woman and two children, left this city last night via the Erie railroad; for St. Louis. They have procured employment at that point through the influence of the Five Points House of Industry. There is continued excitement in rela tion to the suspension of the Central Bank of Brooklyn, and much indignation is expressed by the heavy depositors that the cashier was appointed receiver. The neighborhood of the bank is crowded with anxious inquirers, and as it WAS understood that all deposits made yesterday would be returned to-day many availed themselves of the chance and drew their money. Among the heaviest depositors are the city and county institutions. As far as at present ascertained the liabilities will reach eight hundred thousand, and perhaps a million dollars, against $200,000 capital, and a State deposit of only $5,000. As to the collaterals the bank officers retuso to give any information. The President is understood to have turned nearly all his real estate, consisting of the post office building, Commonwealth Hall, and some lots on Adams street, over to the bank as security. A riot occurred at Peekskill last night between the members of the Iron Moulders Union and the non-union men, in which Hornce Brown of the former was killed in self-defence by Roncrick Shee, who was with difficulty saved by the police from being lynched by the mob. The guard about Real's cell was doubled to-day. The prisoner took final leave of his sisters who have faithfully attended him during his entire imprisonment. Twenty-two American yacht's have finally entered for the race for the Queen's cup, including the Dauntless and America.


Article from The Wheeling Daily Register, August 4, 1870

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TELEGRAPHIC SUMMARY Gold closed in New York yesterday at 1218. The New York World asserts tively that Secretary Fish will resign Both parties profess to be North confident Carof success in the election in olina to-day Rockford, Illinois, yesterday, by the Forest At Citys beat the Athletics score of 15 to 10. Bennett Scop was hung at murder Norwalk, yesterday, for the the last. Goodman, Ohio, a pedlar, in October College received a bequest of Vassar Jacob P. Gerard, of Poughdied. keepsie, $32,000 from a wealthy citizen, who recently American vachts for have the Twenty-two entered for the race finally Queen's cup, including the Danatless and the America. the game of base ball at Cleve- Citys, In Ohio, yesterday, the Forest Hayof land, Cleveland scored 16, and 6. the makers, of Troy, New York, The Republican Convention at MonOhio, yesterday, nominated for roeville, Foster, of Seneca county, District. Congress Charles from the Ninth Ohio The Republican Congressional District, Conof the Eighth Illinois Col. vention yesterday in nominating Jonathan succeeded Merriam, of Tazewell county, on the 186th ballot. alias Comstock leaped from 135 feet, into seriThorne elevator. and Buffalo was Creek, an Buffalo, New York, advertised at injured. He was bridge to onsly from the new Suspension jump at Niagara on the 13th inst. At New York, yesterday, the and guard the Real's cell was doubled, about took final leave of his sisters, him prisoner who have faithfully attended during his entire imprisonment. The Democratic Congressional District Conof the Tenth Illinois on vention at Carlinville yesterday, and, Judge met seventh ballot, nominated for the E Y. Rice. of Montgomery county, Congress There is a probability of the arrest man of Mr. Nathan. shirt and New with the murderer bloody stockings from A has traced to Philadelphia diabeeen York. He had also two or three monds in his possession. Secretary Robeson ordered 5000mon the Tuesday, to be engaged at men, on navy vards, and the work of various and remodeling the vessels repairing and those being daily placed out of commission, hand. is ordered to be vigoronly carried on. Archer Craig a well known telegraph bed was found dead in his Memphis, operator, Tenn., yesterday morning The verdict of the coroner's jury brain. from congestion of the Auburn death His remains were forwarded to for interment. company of six Chinese, including children, Celestial A woman and two via left a New York city Tuesday night, They Erie Railroad for St. Louis. have the procured employment at that Points point through the influence the Five House of Industry. riot occurred at Peekskill, N.Y. A night, between members of non-Union Tuesday Moulders' Union and of the Iron in which Horace Brown, men, was killed in self-defense former, Roderick Shea, who was with difficulty lynched saved by the police from being by the mob. Governor Hoffman, of New York, in letter to ex-Judge Stuart, sets forth a his reasons for declining to com- now length the sentence of John Real, Toombs. mute execution in the awaiting Governor says the case presents law The and distinct issue between be clear lawlessness. The law must and vindicated. Tell Real, therefore, his he must die on the day appointed for execution difficulty occurred at Brownsville, Tennessee, A on Monday, between A. Freeman and John H. Brewer, promi- was lawyers of that place. card nent by the publication of a for- by caused latter, reflecting severely on the who is a candidate for Judge mer. Circuit Court. The result was the the of John Brewer in the bowie- arm. and =hooting the other being ent with a knife. The Coroners inquest on the Nathan police will be commenced at Dis headquarters murder in New York to-day. the Attorney Garvin conducts case re triet people. The Philadelphia for the of the probable arrest of the discredi- murport in that city is generally that derer ted. All the evening papers state clue Superintendant Jordon has a ar which will surely lead to a speady It is of the criminal or criminals rest that the watch stolen from ascertained Nathanewas a Perregaux No 5657 instead of a Furgenson No. 7421 previously reported. There is continued excitement in re to the suspension of the Central lation of Brooklyn, and much indignaBank. is expressed by the heavy deposittion because the cashier was appointed of ore The neighborhood receiver bank was crowded yesterday under the anxious inquirers, as it was on with that all the deposits made Many stood would be returned and availed Tuesday themselves of this chance, receiver their money from the the drew Among the heaviest depositore As are far as and county institutions. will ascertained, city the liabilities reach hundred thousand, and perhaps hundred million eight of dollare, against two a State dollars capital, and dollars. thousand of only five thousand officials As deposit to collaterals, the bank The re-


Article from Nashville Union and American, August 4, 1870

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NEW YORK. Fish Going to Resign Again. NEW YORK, Aug. 3.-The World has a very positive rumor from Washington that Secretary Fish will soon resign his seat in which was him, accepted the Cabinet, by and only at first for reluctantly the time, to relieve Mr. Grant from some complications in which he has been involved. The Law Must be Vindicated. Gov. Hoffman, in a letter to ex-Judge Stuart, sets forth at length his reasons for declining to commute the sentence of John Real, now awaiting execution in the Tombs. The Governor says the case presents & clear and distinct issue between law and lawlessness. The law must be vindicated. Tell Real, therefore, he must die OL the day appointed for his execution. The guard about Real's cell was doubled to-day, and the prisoner took final leave of his sisters, who have faithfully attended him during his entire imprisonment. A Reminder of 1857. There is continued excitementin relation to the suspension of the Central Bank of Brooklyn. Much indignation is expressed by heavy depositors on account of the cashier being appointed receiver. The neighborhood of the bank is crowded with anxious inquirers, and as it was understood all deposits made yesterday would be returned to day, and many availed themselves of the chance to draw their money. As far as at present ascertained, the liabilities reach $800,000 and perhaps $1,000,000 against $200,000 capital and a State deposit of only $5,000. As to collaterals, the bank officers refuse to give any information. The President is understood to have turned nearly all of his real estate, consisting of the Postoffice building, Commonwealth Hall, and lots on Adams street, over to the bank as security. A Bloody Riot. A riot occurred at Peekskill last night between the members of the Iron Moulders' Union and non-union men, in which Horace Brown, one of the former, was killed, in self defence, by Roderick Shaw, who was with difficulty saved by the police from being lynched by a mob. The Nathan Mystery. The Coroner's inquest on the Nathan murder will be commenced at the Police headquarters to-morrow, District Attorney Garvin conducting the case for the people. While the Philadelphia report of the probable arrest of the murderer in that city is generally discredited, all the evening papers state that Supt. Jordan has clues which will surely lead to the arrest of the criminal or criminals. He has ascertained that the watch stolen from Mr. Nathan was a Perraguin, No. 5,657, instead of a Jurgusson, No. 7,421, as previously reported. Nigger Nigger. Atberg, a brother-in-law of the Haytien Minister, was arrested and bailed today, on a complaint of Downey's well known colored caterers, for having defrauded them out of a large sum of money on speculation and investments in trade with Hayti. Gov. Hoffman has signified his intention to commute the sentence of Thomas Sheridan, now awaiting execution for wife murder. Yachting. Twenty-two American yachts are officially entered for the race for the Queen's Cup, including the Dauntless and America.


Article from The Daily Dispatch, August 4, 1870

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SUSPENSION OF THE CENTRAL BANK OF BROOKLYN.-New York, August 2.-The Central Bank of Brooklyn suspended payment to-day, and its cashier, J. L. Spolder, has been appointed receiver to examine and settle its affairs. The cause of the disaster is not certainly known, but rumor ascribes it to certain unprotitable real estate and stock speculations. The suspension was precipitated by a recent notice of the Marine Bank of this city that on and after the 1st instant it would refuse to receive the notes of the Central Bank, and subsequently the City Bank of Brooklyn refused to honor checks on the Central. The first intimation the public had of the disaster was the refusal of the paying teller this morning to cash a check of $200. saying he had no money, and subsequently the suspension was formally announced. The bank, however, continued during the day to receive all deposits offered. The bank is an old institution, organized under a State charter, with a present nominal capital of $200,000, on which it has for some time past paid semi-annual dividends of five per cent. The stock since July 1st sold at 90 and 100. with few buyers at any price. The last quarterly statement showed the loans and deposits for the last quarter to be $429,000, and profits $29,000. Neither the amount of loss nor the per cent. of assets to liabilities has yet been ascertained, though it is hoped an arrangement may be made which will permit the bank to continue business. The city of Brooklyn IS depositor with the bank to the amount of $160,000, and the United States post-oflice also has a deposit there, for which, however, the postmaster is personally responsible. Other heavy depositors are Cole & Murphy, auctioneers, $10,000; Mr. Murphy also having a private account of $15,000; Willetts Jarvis, $9,000; and George Kinkel, butcher, $3,500.


Article from Chicago Tribune, August 12, 1870

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NEW YORK Special Despatch to The Chicago Tribune. GOLD. New YORK, Aug. n.-There was 2 check to the decline in gold to-day, and a reaction set in. The market opened $116 declined to 115% railled and advanced to 117M, and closed Y per cent. er. The rates paid for carrying were from 1 to 4 per cent to nat. The rise this afternoon was at tributed to private foreign despatches reporting that the position of affairs was better for the French, and that there was a strong probability that Austria and Itair would come to the aid ot France. A better reason, probably, is the gruwing belief that the war cannot be ended in a few weeks, even If the Prussians best the French at Metz. GOVERNMENTS The relative firmLess of our bonds in Europe is a matter of especial gratification in monetary circlea here. In the face of the panic in the European money markets,ou bonds have steadily recovered from the decline produced by the first shock of the war news It will be noticed that only a small amount of the bonds come back to us. Notwithstanding the shipment of over $20, 000,000 in specie to Europe within the past four weeks, it is certain we have received back not more than $7,000,000 or $8,000,000 worth of the $1,200,000,000 worth of bonds believed to be held abroad. This is satisfactory evidence that they are still considered abroad to be the beat of investments, and It would seem that there is no likelihood of their returning in sufficient numbers to swamp us until the belligerents LAVE rought themselves to the point of exhaustion The small return of bonds accounts, in a great measure, for the weakness in gold. Boads opened steady to-day, but were lower at the close Among foreign bankers there was a disposition to selt on the despatches which advanced gold. The government bought $2,000,000 of 5-205 offered tocay an 109 90-100 to 0370-100. MONEY was easy at 3 to 4 per cent on governments and 4 to 5 per cent on stock callaterals STOCKS. The stock market was still induenced by the reports of a treaty of peace at Saratoga between the railroad monarchs, and prices advanced. In the afternoon, however, the market heavier and declined on sales to realize. Pacide Mall was noticeably weak EXCHANGE. Foreign Exchange was dall, but somewhat armer. London prime bankers' sixty dars was quoted $109.6 to and sight to 110% THE PRODUCE MARKET snowed a further depression in breadstoffs and provisions, but leading in the first case to more activity. [To the Associated Press.) THE NATHAN MURDER CASE n NEW YORK. Aug. 11.- The evidence of William in Kelly, the housekeeper's son. In the Nathan in e quest to-da failed to furntsb grennd for suspiciou of his guilt. lle admitted its eulistment in c Lawrence, Mass, under an assumed name, in e 1564, and that since lits discharge from the army 11665, be bad been without regular employment. to and in contradiction of previous testimony, stated that be had a conversation with two men on Martison square, the evening before the murder. Other testimony offered, proves that the dog with which the murder was committed, was seen about the Nathan premises over a year ago. The three colored wen arrested on suspicion of DAVIDE possession of the late Mr. Nathan 's watch were to-lay discharged, but another man 15 now :held to custody ou suspicion of having disposed of in some of the missing Natban jewelry on the day be the murder. KAILKOAD CHARGES. a No immediate advance in railway freights a and passenger tartifs is expected, in conS: sequence of the cessation o hostilities ben tween the rival lines westward, A large S. number of Eastern coupon tickets, from Bos. ton to Chicago, and between Boston and 1d New York, the coupons having been used, are now be on sale the principal offices. The practice reduces the Boston fare from $5 to $9.25, PIREMEN INJURED Seven firemen of Truck Cn. No. 1 were seriously to injured, while running to a are in East Broadway. le this morning nTHE QUABANTINE TROUBLES to The quarantine boat Andrew Fletcher, with a crew of twenty-five or thirty armed men. under n. command of Health Officer Carnochan, cut out us the bark Wavelet from Brooklyn wharf early this morning. and took her HOWD the bay. The Captain, wife, and children were detained on w. board, and the owners of the vetsel, Preudergast Brothers & Co., do not know where on to And her. The Wavelet arrived last week from he Rio Janeiro with a clean bill of health, and having he discharged her cargu of coffee at Perth Amboy 1st and fumigated the vessel came up to Brooklyn vesterday with a clean bill of health from the Perth Amboy officials. FORGER ADMITTED TO BATT. & red Louis M. Van Ecter, the alleged forger on Fisk Af. Hatch, on whose trial the jury fately disagreed was to-day scharged on ball. no. THE BROOKLYN BANK FAILURE the The Central Rank of Brooklyu will fully indem a nily depositors without assessment upon the stock like holders MANDAMES TRATED FOIL ry The Brookirn Fire Commissioners ank a mands mus to compel Mayor Kalbdelsch to sign warrant for $20,000 for expenses of the tire department of GENERAL V'CLELLAN on begins active duties as Chief Engineer of the De 165 partment of Docks to-morrow. FRENCH TAPER ON NAPOLEON UL The Courrier des Etats Unie, ever the warm sup potter of Napoleon, to-day speaks of him as de clining, and too feeble to hold the aword. do not know 11 says, anybody where there is o' question of the salvation, honor, or grandeur France. Let the power be trusted to whomsoeve he shall take It, and In whatever form It mar. be 1 esmonarchy or republic, but let them give us vic tory. SUBER AND BOGS DROWNED. A portion of the Communipaw abattoir gar on. WAY and sunk into the river to-day. Three met were injured, and 200 sheep and twenty-five hug drowned. the FRENCH RELIEF FUND The Executive Committee of the French Al Ju. Association forwarded $10,000 to France, on Sat unday. for the relief of wounded Boldters. tituKILLED BY THE FALL A BUILDING. FarPart of building No. 21 Lawrence street, unde going repairs, fell to-night, burying negro, Sam ties uel Reston. He was rescued, but fatally ing


Article from Memphis Daily Appeal, August 27, 1870

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Defaulting Bank---Counterfeiters. NEW YORK, August 26.-The - depositors of the Central Bank of Brooklyn to-day appointed a Committee of Investigation. The Bank when it suspended business, had assets only to about fifteen per cent. of liabilities. There is no ground on which a criminal proceeding can be instituted against the officers. The Bank, through their conduct, is denounced in plain terms by depositors. Bill Gurney and Jack Bush, counterfelters, have been held in heavy bonds to await the action of the grand jury. Mayor Hall decides that theaters have no right to refuse their own tickets when sold by sidewalk speculators.


Article from The Evansville Journal, September 30, 1870

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New York Items. NEW YORK, September 29. - Tomorrow will be almost a holiday in business circles, owing to the general disposition to pay the last tribute of respect to the memory of Admiral Farragut. The institutions of the city will be closed with one exception, the Produce Exchange. The managers of the institution announce that the doors will be open but request that no business be transacted. The by-laws require the building to be open every business day of the year. and a small minority has the power to demand the enforcement of this rule. The Brooklyn Water Commission ers have begun suit against the directors and receivers of the lately suspended Central Bank for the recovery of their deposits of over $20,000. The complaint alleges deception and fraud by the bank officers, in publishing a sworn statement, in April and October, which was known to be false. Judge Daly to-day dismissed the suit of the African Union Church against its Trustees, which charged them with an attempt to change the name and doctrine of the Church. Judge Bedford's sentences total to prison for the past month amount to thirty-two years. Health Officer Colville, of Brooklyn, has issued an order that no interments will be allowed in Greenwood without his official permission. All business in thiscity, private and official, will be suspended during the Farragut obsequies to morrow. Ten thousand troops, with nearly all the public bodies and officers of the city, will appear in procession. NEW YORK, Sept. 29.-President Grant and Secretaries Robeson, Belknap and Creswell have arrived in this city. The German steamer Frankfort sailed for Bremen unmolested.


Article from Memphis Daily Appeal, September 30, 1870

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Suit for $120,000. NEW YORK, September 29.-The Brooklyn Water Commission have begun suits against the directors and receivers of the lately suspended Central bank for the recovery of their deposits, over $120,000. The complaint alleges deception and fraud by the bank officers in publishing sworn statements in April and October which are known to be false.


Article from The Evening Telegraph, September 30, 1870

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Domestic Affairs. -Gold closed yesterday at 113¾. -The political campaign in Missouri is quite active. -Yellow fever has just appeared in Galveston, Texas. -Richmond, Va., is having more municipal troubles. -The Ticket Agents' Annual Convention is now being held in Chicago. -Twenty-two persons died from yellow fever in New Orleans on Wednesday. -President Grant has been invited to visit California by a number of prominent Californians. -Regent Serrano has ordered the execution of the Spanish Emancipation law in Cuba and Porto Rico. -The labor reform folks of the Sixth Massachusetts district have nominated General Banks for Congress. -The English Lutheran Synod of Eastern Pennsylvania is now in session at Harrisburg. -Thomas P. Conner, a Mississippi legislator, was shot and killed in a difficulty in Wenona yesterday. -A large number of the Government clerks are going home from Washington to vote at the October election. -Some damage has occurred in the neighborhood of Staunton, Va., owing to a heavy flood west of the Blue Ridge. -Minister Washburne is shut up in Paris, and our State Department has received nothing from him since the 17th instant. -The Department of State has been notified that two American travellers are supposed to have lost their lives on Mont Blanc during the early part of this month. -Suits have been commenced against the Directors of the suspended Central Bank of Brooklyn, for the recovery of certain public deposits. Deception and fraud are charged against the officers. -Elizabeth McGlynn, a young woman employed as a weaver in the Reading Cotton Mills, while cleaning a loom that was in motion, yesterday, got her hair entangled in the machinery and was completely scalped. -From Greenwood and Lynchburg, Va., come reports of a rain storm so heavy as to interrupt all travel. A train was last night weatherbound in the mountains. The railroads have suffered much damage, and loss of life is apprehended.


Article from Worcester Daily Spy, May 22, 1871

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A boy named Ernest Gost died on Friday at East New York, from having been run over by a horse car the driver of which obliged the boy to jump off while under way, declining to stop when asked. Frederick Trennan, aged thirty-eight, died at Belleville hospital, yesterday, in consequence of having been run over by a car on the Third avenue line, on the 15th inst. He was for some reason kicked off the front platform of the car by the conductor. His hat fell off, and as he stooped to pick it up he fell on the track and the wheel passed over his leg. The car was then driven off and no assistance rendered. The conductor is known and the coroner has ordered his arrest. The eleven jurors drawn in the Foster murder case are living high at the Astor house, guarded by four armed officers of the supreme court. They are permitted to see and converse with their relatives or friends in the presence and within the hearing of an officer, but they are not permitted to go to any part of the hotel unless accompanied. They are permitted to read papers, which they purchase themselves, each sending for such as he desires. Their meals are served in their rooms-breakfast, dinner and supper-but malt and spiritous liquors and wines are strictly prohibited. The county, however, furdishes them with cigars. By order of Judge Cardozo the Israelites were permitted to attend their synagogues yesterday, if they so desired, of course attended by officers, and those who wished to attend divine service to-day were allowed to do so. Henry C. Justus, who testified against Radcliffe, the great diamond smuggler, under promise of exemption from the law, was yesterday committed for trial as an accomplice. The judge decided that one Whitely, a detective, was unauthorized to give such promises to criminals. A meeting was held in the Twenty-second street church this evening to form an American Palestine exploration society. Rev. Drs. Crosby, Hitchcock and Thompson are active in the movement, and will deliver addresses. Owing to the prevalence of incendiary fires in West Hoboken, Union and Weehawken, N.J., the citizens of these places have voted to form vigilance committees. Within a short time over $80,000 worth of property have been burned there. Jack Enright, a 1st ward murderer of this city, has been sentenced to ten years in prison in New Jersey for highway robbery. A man named Roberts has been arrested for selling counterfeit tickets on the Erie railway. Five hundred dollars worth were found on him, and $5,000 worth at his house. Nearly all the roughs who attended the Mace-Coburn fizzle were supplied with these counterfeits. The road has been swindled lately some $30,000 by these bogus tickets. Edward Nevins, who was arrested on a charge of selling counterfeit tickets over Erie and other roads to a large amount, has been committed for trial in default of $5,000 bail. Steamboat racing has again commenced on the Hudson river. The steamers Sedgwick and Adelphi, of opposition lines, were racing up the Hudson Friday evening, and when nearing Yonkers each boat endeavored to outstrip the other, determined to reach the dock first, and there was much excitement on the boats. A small boat was run down in the contest, and two men in it were obliged to leap into the water and swim ashore. Steamships Main for Bremen, Anglia and City of Paris for Liverpool, and the Lafayette for Havre, sailed to-day, taking an aggregate of over a thousand passengers. Among them were Victor Place, French consul-general, and M. de Jardin, chancellor of the French legation. The papers in the case of Mrs. Claflin, mother of the female brokers of Broad street, against Dr. James Harvey Blood, the husband of Mrs. Victoria Woodhull, and the company in thefirm of Woodbull, Claflin, & Co., were called up yes1erday afternoon at Essex Market police court. There was a large and eager crowd of spectators in the court. The charge was that Blood had threatened the complainant's life. Judge Ledwith decided that the prisoner was discharged. A controversy between Morgan & Sons and J. T. Tapscott, both claiming possession of ship Wm. Tapscott, is assuming serious dim nsions. Saturday, under orders of the United States commissioner, a body of United States marshals, with a platoon of marines from the navv yard, took forcible possession of the ship at her wharf, to be turned to the navy yard to await the action of the United States courts. Judge McCue has decided, in the action of Cole & Murphy against the Central bank, Brook lyn, for $10,000, the amount of their deposit when the bank failed, that the directors are liable for the losses sustained by the depositors. This morning, a carpenter shop and vitriol factory, owned by Mayor Kalbfieisch, Brooklyn, were completely destroyed by fire. Damage, $15,000; no insurance. The origin of the fire is unknown.


Article from The Wheeling Daily Intelligencer, January 13, 1873

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NEW YORK CITY. ALBANY, January -The trial of exComptroller Connolly of N. Y., for fraud, takes place this month. To-day an affidavit was filed by his counsel. that he has a good and substantial defense. It is stated there is clear evidence against Houghtaling, charged with pois. oning the Hazleton family at Coymans. NEW YORK, January 12.-The case of Henry William Morgan, traveling agent of George Paine & Co., Liverpool, and whose extradition is sought by that firm on a charge of having forged an endorsement to the amount of £1,118, was before the U. S. Commissioner yesterday and adjourned till Tuesday. It is understood that all the conductors on the Harlem Railroad have tendered their resignations in consequence of the order requiring them to keep check books of their receipts and give a punched ticket to each passenger paying his fare. Judge Benedict of the U. S. District Court, yesterday, in the case of the brig Monte Cristo, confiscated by the Government, decided that the claims against the vessel for the informers and other fees, can be paid from the registry of the Court here, instead of waiting to receive them through the Treasury Department at Washington, This decision will facilitate the reception of dues very materially, saving months of delay. At a meeting of the East River Bridge Company Commissioners in Brooklyn yesterday, W. C. Kingsley was appointed General Superintendent, and the question of a change of charter was referred to a committee of five. ! The Police Mutual Aid Association paid $22,947 to the heirs of deceased members last year. The Hawkins Zouaves have a general reunion on February 8, the anniversary of the brilliant baronet charge at Roan. oke Island. The General Commanders under whom the regiment served will be invited. Judge Pratt gave judgment yesterday for Joseph H. Hayens, who sued the receiver of the Central Bank of Brooklyn for $3,125, the amount of a check deposited for collection in the bank the day before its failure. The ground taken was that in receiving the check without disclosing the condition of the bank, the officers obtained no title to the check.


Article from New-York Tribune, January 13, 1873

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NEW-YORK CITY. The Société Alsaecinne-Lorraine, last month, aided 76 Alsacian and Lorrain immigrants, at an expense of $894. Protection and advice was afforded to 150 others at Castle Garden. Judge Tappen's decision commanding the Boards of Kings and Queens County Supervisors to collect their quota of the State deficiency tax will be reviewed before the general term of the Supreme Court at Brooklyn, in February. In the United States District Court, on Saturday in the collision case of Daniel Owen and others agst. The Brig Annie Lindsey. Judge Blatchford directed the entry of a decree for the libelants with costs, and the usual order of reference to ascertain damages. This decision establishes the rule that a brig being in the wind, and close hauled, "18 bound to keep her course." The Bloomingdale Turnverein, in its annual report just issued, shows that the organization numbers 150 members? and has a capital of $12,000. The Turn school, established by the society, is attended by 175 boys and 38 girls. The officers for the ensuing year are: First Andres; Second Speaker. Jos. Laber; Secretaries, Mylins and H. Ridder; Treasurer, Fr. Flocken and Ferd. Wieler; Instructors, Kessler and J. Gose: Librarian, Lev. Schurr; Trustees, Jos. Berndt H. Templer, and Fr. Flocken. It is understood that all the conductors of the Harlem Railroad have tendered their resignations, to take effect on Thursday next, the directors having issued a new order requiring them to keep check books of their receipts, and give punched ticket to each passenger paying fare. The conductors consider such an evidence of distrust of their honesty as too marked and humiliating to be quietly submitted to. Joseph H. Havens, a depositor in the late Central Bank (of Brooklyn, recovered, on Saturday, a judgment against the assigner for $3,125, the amount of a deposit made in the bank after it had become insolvent, the plaintiff being ignorant of the fact. Judge Pratt in his decision held that aside from any technical point it was clear that the officers of the bank, in receiving the check without disclosing the condition of the bank, committed fraud upon the plaintiff, and obtained therefore no title to the check in question. BROOKLYN. Arrests last week, 344; taxes collected, $121,139 73; deaths, 182. Under a new regulation of Sheriff Williams visitors to the jail are now searched. and all intoxicating liquors taken from them. Liberated thieves are also prohibited from visiting their companions in confinement. A serious dispute has occurred in the Mormon Church, in the Eastern District, and the adherents of Brigham Young have ejected a member of their society for openly condemning polygamy. The leaders have organized a new branch, and style The Recognized Church of Jesus Christ. They met in Cosmopolitan Hall, yesterday, and listened to an address from one of the saints on Polygamy an Abomination in the sight of God." Tax-Collector Burrows has persistently refused to obey the law, it is alleged, in relation to the prompt payment to the Treasurer of moneys collected for taxes, and has withheld a balance of $964,903 03 for unexplained reasons. Controller Schroeder addressed a communication to the Collector regarding the matter, on Saturday, and said deem it my duty to demand and hereby do demand that you forthwith pay over the Treasurer of the city the sum of $964,903 03 due to the city, and now withheld by you contrary to law." The Collector says that it utterly impossible to pay over the Treasurer on the day of receipt all tax money, and that though the Controller may demand as often as he pleases, it will make no difference to him. LONG ISLAND. RIVERHEAD.-Judge Reid will hold Surrogate's Court here to-day Charles Serrell of New Village was brought to the county jail for theft a few days since. SOUTHOLD.-A special town meeting is to be held here to decide whether the Legislature shall be asked for an act bonding the town in $10,000 for building a town hall. HEMPSTEAD.-The new Treasurer of Queens County has opened an office at Freeport. STATEN ISLAND. NEW-BRIGHTON. - A coroner's verdiet of death from natural causes was rendered in the case of John Fion, who, it was alleged, had been killed by one Wilton, a bar-tender in Castleton-ave. FACTORYVILLE-I firemen were testing their new steam-engine, on Saturday, Michael Gorman was struck and dangerously injured by the nozzle of the hose. At the same time a boy (Joseph Joice) was seriously scalded about the neck and legs by steam escaping from the boiler. HUDSON RIVER COUNTIES. YONKERS.- The authorities of the new city intend to apply to the Legislature for some amendments to their charter. The principal changes proposed are to make the State, county, city, and school taxes payable at one time and place, and that the sales of land for non-payment of taxes shall be held here instead of at White Plains-that the Receivers of Taxes and Assessors, with the consent or approval of the Common Council, shall be appointed by the Mayor. POUGHKEEPSIE.- The Hudson River ice-cutting is now actively going on. There are nearly 7,000 men and 1,000 horses gathering the ice. which averages 11 inches in thickness. They are taking in about 9,500 tuns per day. The crop for the season, it is estimated, will reach 1,500,000 tuns. and will all be gathered by Feb. 1. MORRIFANIA.-The following have been elected officers of the Morrisania Saving Bank for the ensuing year:Win. Cauldwell, President John McLaughlin, Vice-President; E. B. Fellows, Secretary; H. P. De Graaf, Treasurer. YORKTOWN.-Henry Paterson has been appointed Postmaster James H. Purdy resigned. NEW-JERSEY. JERSEY CITY.-N. T. Cummings of No. 42 Morris-st. has been arrested by a New- York detective, on a charge of complicity in the recent silk robbery at the Williams & Guion steamship wharf in New-York. A water-pipe attached to the boiler of a kitchen range in W. Lewis's residence in Summit-ave. exploded on Satfurday and demolished the range and the windows of the room. The explosion was the result of a frozen waterpipe The acting Chief of Police was informed yesterday. that the saloon of John Hirsch. at Newark-ave. and Sixth-st. had become notorious as a gambling-house, and that it was used for gambling purposes on Sunday A squad of policemen, in citizens dress, proceeded to the place and caught a number of men in the act. William Faatz, Peter Harnes, Joseph Frank, and John Hirsch, the proprietor, were arrested and taken to the First Precinct Station-house where they were bailed for examination. Hirsch was also held on a charge of keeping a disorderly house The Rev. A.J. Park was installed pastor of the First Reformed Church, in Firstst., yesterday. The Rev. Dr. Van Cleef charged the pastor; the Rev. J. B. Suydam "delivered the charge to the people, and the Rev. W. W. Halloway preached the sermon. Public School No. 13, which has been closed for repairs, will be reopened to-day. GREENVILLE.-A meeting of citizens and tax-payers was held at Thair's Hall, on Saturday night, to take action in relation to providing funds for the School Commissioners and the payment of weekly to onnship expenses. The proceedings instituted by the tax-payers against the Street Commiss reduced the tax levy $20,000. and of the remaining $42,000, only one-fourth has been collected, since the tax -payers refuse to pay until it has been decided by the Legislature whether they belong to Greenville township as beretofore, or to Jersey City, as decided by the late special election held for that purpose. It was stated at the meeting that unless immediate action was taken the public schools must be closed and the employés now engaged on public works discharged for lack of funds to pay expenses. It was also stated that the Chancellor Jersey City had


Article from New-York Tribune, July 25, 1873

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is taken, and it shows the situation of the funds: Balance Balance Deposits dut Paym'tsdurJuly 19. July 12. ing the wik. ing the w'k. Names. $500,725 $449,982 $213,392 $162,650 Brooklyn Trust Co 164,197 164,197 Brooklyn Bank 328.421 100,270 228.151 National City Bank 136,000 136,000 Long Island Bank 296,710 296,710 First National Bank 340 64.189 424,887 361,038 Mechanics' Bank 14.838 14.838 Farmers' & Citi'ns'Bk 125,104 125,104 Central Bank 87,617 439,727 221.762 305,583 Nassau Bank 346,210 53,713 292,497 Fulton Bank Mechanics' & Traders' 61,958 61 958 Bank 95.092 5,023 90,070 Manufacturers' Bank., 72.346 72.346 Commercial Bank 119.273 119.273 Atiantic Bank $250.607 $3,125,395 $658,351 $2,717,757 Total Of the depositories above mentioned two are insolthe vent and one has suspended payment. These are Central Bank, Farmers' and Citizens' Bank, and the Brooklyn Trust Company. It will be readily seen from this table with how little regard for the bauking capital invested the city's funds are deposited. The Brooklyn Trust Company, with a capital of $500,000, has $500,725 83 of the city funds. The Nassau Bank, with a capital of $300,000, has over $400,000 of the city money. The Fulton Bank, with a capital of $300,000, has $346,210 75 from the city treasury; while the Brooklyn Bank, with $300,000 of capital, has only $164,197 71, and the Commercial Bank, with $200,000 capital, has only a little over $72,000 of the deposits.


Article from New-York Tribune, September 17, 1873

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BROOKLYN'S ENEMIES. Continued from First Page. whole or in part. The Central Bank failing, the money was lost, and it was then agreed between Sprague, Rodman, and Mills in writing, that they should mutually divide the loss. The loss, however, has been carried forward from time to time, and never has been made up. Among other loans made was one to Mulford and Sprague, Sprague's business firm, of $35,000, subsequently increased by an additional loan lot $25,000. That loan was subsequently repaid in installments, the last being made on July 22, 1873, upon the check of J.B. Murray, for $5,000. Loans were also made on Jefferson car stock to Smith Baker, who was a friend of Sprague's, and in whose enterprise I am informed Sprague had an interest. Sprague also loaned the Prospect Park Club $12,000, which was stolen from the City Treasury. He loaned the Long Island Club $10,000 on a check, and that was stolen money. He loaned $3,600 to one Collier, who was his horse man, and who bought with it the black mare Evelyn, he being joint owner of it. The security for that loan was a ticket put in the drawer. Mr. Sprague also loaned $75,000 stolen from the City Treasury to the Hope Mutual Life Insurance Company, in which he was largely interested. He also purchased some Prospect Park stock with money abstracted from the City Treasury. He invested also in the Brooklyn The ater, subscribing $2,000 toward its construction. This was also taken from the City Treasury. THE DEFICIENCY REDUCED. There are other persons to whom Sprague has loaned money for political purposes. These facts are indisputable, and evidence in my possession fully corroborates Rodman's statement that all of the stolen money went to Sprague, Mills, and their friends, and that the Deputy Treasurer never received a single dollar of the principal which was stolen, although he admits that he got his share of the interest over and above the three per cent realized on loans. Mr. Rodman states that the city deficiency has been largely diminished during the past year, owing to his repeated importunities and threatenings. A part of the reduction was the loan to Murphy and Sprague. Sprague borrowed from one of the city banks on the 26th of August, 1872, $28,500, and from another bank on the 21st of October, same year, $20,000, which he turned over to the reduction of the deficiency. Sprague borrowed for the Trust Company in the name of Edgar M. Cullen, without that gentleman's knowl_ edge. $45,000, which he also used for the reduction of the deficiency. At the time the Trust Company stopped there was a deficiency in the sinking fund. It was for that fund that the loan to Mulford and Sprague had been drawn. Sprague went, however, to one of the banks in the city and opened an account for the benefit of the Sinking Fund, and deposited certain checks to that account sufficient to cover the deficiency. Subsequently that money was drawn by a check dated Aug. 9, 1873, signed by 8.8. Powell, Mayor, and C. A. Sprague. After the suspension of the Trust Company Sprague called on Rodman, as has been stated before, begged of him with tears in his eyes to leave the country, urged that they were standing upon the brink of a preetpice, and said that he would give him $50,000 if he would run away. Rodman refused, saying that he had none of the stolen money and would not run away from his family, whom he loved, and whose reputation he valued. A friend having overheard this conversation, advised Rodman to remain and take his chances.