15006. New York & Erie Bank (Buffalo, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 6, 1875
Location
Buffalo, New York (42.886, -78.878)

Metadata

Model
gpt-5-mini
Short Digest
b5c6dd2e

Response Measures

None

Description

Multiple contemporaneous newspapers (Sept. 6–17, 1875) report the New York & Erie Bank of Buffalo did not open its doors / has suspended on Sept. 6, 1875. Reports attribute the action to rumored large indebtedness from outside speculation (bank-specific adverse information). No articles in the set describe a preceding depositor run, nor any reopening or receivership assignment; because there is no evidence of reopening and many similar suspensions of the period resulted in failure, I classify this as suspension_closure but note that permanent closure/receiver assignment is not explicitly stated in the provided articles.

Events (1)

1. September 6, 1875 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Rumored large indebtedness due to outside/speculative losses; cited as reason for not opening on Sept. 6, 1875.
Newspaper Excerpt
The New York and Erie Bank, of which the late John S. Ganson was President, did not open its doors for business this morning. It is rumored that large indebtedness through outside speculation is the cause.
Source
newspapers

Newspaper Articles (10)

Article from The New York Herald, September 7, 1875

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SUSPENSION OF A BANK. BUFFALO, N. Y., Sept. 6. 1875. The New York and Erie Bank, of which the late John S. Ganson was President, did not open its doors for business this morning. It is rumored that large indebtedness through outside speculation is the cause. The capital of the bank is $300,000.


Article from New-York Tribune, September 8, 1875

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CANAL AFFAIRS. WHAT THE CANAL BOARD DID IN SPECIAL SESSION. NO STOPPED AVA HERNIONE BLACK ROCK HARBOR-INVESTIGATION ORDERED -WVXH NV-S3JVH NI 2818 THE OLNI -XM AS MHOM LARE OOSILO THE 40 NOILVNI PERTS PROPOSED, BUT NOT ACTED ON. ALBANY, N. Y., Sept. 7.-The Canal Board met in special session in this city to-day present, Lieut.Gov. Dorsheimer. Attorney-General Prait, Secretary of State Willers, Canal Commissioner Stroud, Treasurer Raines, and Controller Hopkins. The State Auditor presented to the Board the communication from the Joint Legislative Canal Investigating Committee in regard to the Otisco Lake Reservoir contract, which has already been given to the public in full. The State Auditor also presented a communication from Mr. R. Flach, Collector at Baffalo. with reference to the suspension of the New-York and Erie Bank at that city. The following resolution was offered by Treasurer Raines: Resolved, That the Collector at Buffalo be authorized to deposit the canal toils received at said city equally among the remaing ten banks before designated. The resolution was unanimously adopted. Mr. Dorsheimer presented a communication from George E. Mann, City Engineer of the City of Buffalo, with reference to the sewerage of that city. Mr. Hopkins moved that the Auditor notify to said Engineer that he may be heard at the next meeting. Sept. 14. Carried. Mr. Dorsheimer presented a communication from J. Tingley with reference to steam navigation on the canals. Laid upon the table. Mr. Willers offered the following: Whereas, In a report made to this Board. at a meeting thereof, held March 10, 1875. by the Controller. State Engineer. and Auditor. a Committee appointed to consider and report as to the modification of the toll sheet for 1875. said Committee. in recommending a reduc tion. among other reasons in favor thereof, reported that it is proper to add that the representatives of the commercial interests in New-York and Buffalo, in urging 8 reduction of tolls, assured us that the elevator charges on grain in those cities would be reduced 50 per cent the 'puv coming Whereas, It year; is reported in the public newspapers that, elevator 01 SV 910 charges in the City of Buffalo, a large advance has been recently made in rates over those charged on the opening of the canal in 1875; now, therefore, Resolved. That the Auditor be, and he 18 hereby directed to procure, and report to this Board, full and -u1 JO PATES pus em 04 SU [epigo crease of elevator charges at Buffalo, or at any other shipping point upon the State canals, to the end that this TO om uodn action 811 ДЕЩ Board rates of toll upon grain, or other articles of commerce affected by such increase of elevator charges. and may take such measures as may be necessary to protect the rights of the State. The preamble and resolution were adopted. Lieut Gov Dorsheimer offered a resolution, which was adopted, as follows: Resoired That the Auditor be and he is hereby directed 10 Hames am ixau *** 18 'preog sup 01 reder 01 all agents or deputies to the Canal Commissioners who State 9112 10 DIVISION cash aoj used одоц JO comments em чтоты upea Fajinp CREDIT [vuce repropert 091 4014 request 'aboa 1608g prosed emp or location of the public work for which employed, with the amount of compensation of each by the day and month. and from what appropriation paid and that he further report to the Board whether such special agents or deputies to the Canal Commissioners, or any of them, have been appointed by the Board of Canal Commission. ers, or by any single Canal Commissioner, and under what act or acts all such appointments have been made and поревиздшое pus Mr. Willers offered the following: Resolved, That Jonn D. Fay be, and he is hereby, removed from the office of Division Engineer of the West01018 MJOX the 20 Director uso Mr. Willers said that the appointment of Mr. Fay was one unfit to have been made in the first place, and that the testimony before the Canal Commission bad convicted him of neglect of duty while in office. Mr. Pratt moved Tollows BU puour 01 Resolved, That John D. Fay be notified to appear before this Board, at 118 next meeting. and show cause why be should not be removed from the office of Division Englneer of the Western Division of the New-York State Canals, and in the mean time to be suspended. On calling the Yeas and Nays the amendment was adopted by the following vote: Yeas-Hopkins, Raines, pus pnoms puv THAT The question then being taken on the resolution as :010A eur sq perdops SEM 11 'popuoure Dorsheimer, Willers, Hopkins, Raines, Pratt, and Stroud SUM quite B perero adopted, as follows: Resolved, That the work now going on in Black rock Harbor in the City of Buffalo, under the contract of Henry J Mowry be suspend d, and that the Auditor is qoes JOJ signatud company ou 01 persons Licensy MJC Resolved, That the Canal Commissioners of the Western Division, and the State Engineer and Surveyor are om Sujjects **** 811 18 Board siq1 01 01 u progress up A.OU MIDA on quick uodn sdam puu suield Black Rock Harbor is conducted, and also all contracts covering said work. Lieut.-Gov. Dorsheimer read the resolution adopted by the Board, specifyi the work to be done and its extent. The proposition was, he said, to furnish means and authority to go on and complete a certain piece of work from one point to another. But the contractor has gone SUM 11 with 01 quiod 041 puoleq HIOM on THE uo limited (about two-thirds of a mile), in deflance of the Constitution, without the authority of the Canal Board, em 10 uojujdo em ty du poxced pus obtained on an erroneous statement of facts. For his services in procuring the passage of the resolution, the OUM Dates respeaddy Canal 01 pred SEM 009'98 10 ums telegraphed to have the money deposited for him just as soon as the resolution was passed. Mr. Hopkins said, when the resolution me up, ne had asked his three stereotyped questions, Had there been an appropriation Was there money in the Treasury Was the contract approved 1" He understood that the Auditor had stopped payment on the work. Mr. Dorsheimer replied that the work its If should be stopped. Mr. Raines said that the Canal Board assumed that the contract was rightly advertised and let. They had a right thus to assume, and any attempt, therefore, to shoulder the responsibility on the Canal Board in the HIOM our 11008 делет pen °H *1sniun PI ] present in Black Rock Harbor; but had been assured by every member of the Board that it was well done. Mr. Raines added that when he returned to his office he would give orders that not one dollar should be paid on canal work, save for ordinary repairs. Mr. Dorsheimer denounced the proceedings as monstrous. His resolution was then adopted. Mr. Pratt offered the following: Whereas, The Legislative Canal Inve stigating Committee have reported to this Board certain irregularities ID Reserve arms Jo eqf THA V ,ir, and have in said reports referred to several persons by name, as having been connected with said work as jo om III AVOU 9.10 шоцм 10 amos officers email the State; therefore, Resolved, That the President of this Board be directed to appoint a committee of three engineer experts, who shall make a thorough personal and professional exam'urep 811 10 puv plus JO порниц 10 UO Bosed Canal om 01 Suppla uj thereof 110001 pus before the 15th day of October next. This resolution was laid on the table.


Article from Yankton Daily Press and Dakotaian, September 8, 1875

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Arkansas held an election Monday. The New York & Erie bank of Buffalo has suspended. A Huntingdon (West Virginia) bank was robbed by three men in open day, of $15,000. Theodore Tilton will lecture in Keokuk, Iowa, in November. Here is a rare chance for the Young Mens' Ly. ceum of Yankton. Jefferson Davis left Memphis on the 6th, and will deliver an address at the agricultural fair at Kansas City, and go thence to Colorado. The Alabama constitutional convention met Monday. L. P. Walker was chosen president by the united votes of the democrats and republicans. The gubernatorial vote of California as fur as returned on the 6th, wasIrwin, Democrat, 43,000; Phelps, Republican, 25,000; Bidwell, Independent, 18,000. The North Carolina constitutional convention met on Monday at Ral. eigh. The ballots for president of convention resulted in no choice; Ransom, independent democrat, receiving 59, and Dockery, republican, 58. It requires 62 to elect.


Article from The Kenosha Telegraph, September 9, 1875

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$1,085,865,550 Six per cent. bonds 623,032,750 Five per cent. bonds Total coin bonds $1,708,898,300 $ 14,678,000 Lawful money debt Matured debt 17,961,260 374,315,565 Legal tenders 64,780,000 Certificates of deposit 41,137,018 Fractional currency Coin certificates 17,618,500 Total without interest $ 497,851,084 Total debt 2,239,388,644 Total interest 26,919,783 Cash in Treasury: Coin $71,117,272 4,602,365 Currency Special deposits held for redemption of ceT tificates of deposit 64,780,000 $ 140,499,631 Total in Treasury $2,125,808,789 Debt less cash in the Treasury 1,585,049 Decrease of debt during August Decrease since June 30 2,879,936 Bonds issued to the Pacific Railway Companies, interest payable in lawful $ 64,623,512 money Principal outstanding 646,235 Interest accrued and n ot yet paid 28,202,807 Interest paid by the U1 ited States Interest repaid by transportation of 6,304,047 mails, etc Balance of interest paid by United States 21,894,760 The Secretary of the Treasury is sanguine that the Syndicate will take all the remaining 5 per cents. by the 1st of next November. In case they do the negotiations of the new 4½ per cents. will be at once begun. General. The reports of disasters on the great lakes for the present season show that they already outnumber the unusually disastrous season of 1874, and are largely in excess of the wrecks reported on the ocean. Hon. Gideon Welles has written a long letter in vindication of Admiral Farragut's fame as the hero of New Orleans. There is a prospect of a row between the United States and Great Britain. An American vessel was recently sold in British waters in violation of American law regarding such sales. A demand was made upon Great Britain for the return of the vessel to this country for seizure, but the British government refused to comply. The United States government has therefore given orders to seize the vessel if ever found in American waters. A bold robbery is reported from Huntington, West Virginia. Three men entered a bank at noon, and, placing pistols at the head of the Cashier, compelled him to open the safe, from which they took $15,000 and decamped. The New York and Erie Bank, of Buffalo, N. Y., has suspended. Political. A dispatch from San Francisco, dated, Sept. 3, says: The eléction returns come in very slowly, but it is sure that the Democrats have carried the State by a plurality of nearly 20,000, and a majority of about 10,000. The city government is mainly Democratic. The Democrats of California have elected their State ticket by about 30,000 plurality. Foreign. The reported revolution in Hayti turns out to be a hoax.


Article from The Worthington Advance, September 10, 1875

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The liabilities of the Bank California are about$12,000,000 and the assets not far from $7,000,000.00 There was nothing new in the financial situation in San Francisco, on the 6th inst. It was currently reported that the National Gold Bank and Trust Company would reopen on the 6t!:, and also the stock boards. The reports in both cases were premature. Before committing suicide Mr. Ralston transferred all his property to Senator Sharon, of Colorado, for the benefit of his creditors. Up to September 4, the total amount of gold transferred to San Francisco banks and business men was $2,501,000. Another half mill on was transferred on the 6th from the bullion account of the mint D. O. Mills of San-Francisco, California, authorizes the statement that the defalcation of the late president, of tlie Bank of California will amount to between three and four million dollars, and that an over-issue of stock has been discovered. It is not supposed this will in any way prejudice the arrangements now being made to rehabilitate the bank. It has been reported that the bank of California was largely indebted to the U.S. Mint there. The bank has been refining for the mint and the supposed indebtedness was said to be incurred through that channel. The superintendent of the mint states that on the contrary the mint owes the bank $125,000, payable on demand. The secretary of the U. S. geological survey, has received particulars of an engagement which occurred August 15th, between Gardner and Gennett's parties of Hayden's survey and a band of Indians near the line between Colorado and Utah and near the north line of New Mexico. The fight lasted twenty-one hours and resulted in the loss to the Gardner and Gennett party of all their baggage and nearly all their provisione, but the men all escaped without injury. The Catholic priests of Morristown, N.Y., from their pulpits Sunday the 5th instaut took occasion to call upon each Catholic voter to scratch four of the proposed amendments to the State constitution-those relative to public schools and forbidding appropriations of public money for sectarian schools. There is considerable excitement, and it is expected Protestants will gather in force to vote in favor of the amendments above specified. Applications have been received at the Treasury Department, Washington, D. C., for the transfer of about one million dollars in gold from New York to San Francisco, mainly for commercial purposes. The applications were from r sidents in the latter city. The Treasurer hopes to be able to transfer about half a million dollars ou the 7th, which will be distributed pro rata Among the applicants. Since the suspension of the Bank of California the directors of the mint had directions to stop the coinage of silver and resume the coinage of gold. Therefore a mil lion dollars in coin intended for the purchase of silver not being needed, $500,000 of the amount was returned to the assistant Treasurer last week, and the other halt million will be returned in a few days, when he will comply with the present request for transfer of a million dollar3. The trade with the South is opening bet. ter than was calculated. A good business was expected with the West, and there is no disappointment. The trade of New York with the Middle and Eastern States is small as it was expected it would be, because of the depression in manufacturing interests. With the agricultural sections flourishing, however, it is but a step to improvement in manufacturing. There is more caution and prejudice manifested in trade this season than there has been since the panic, and it is safe to assume that whatever business is done will be done on a safe basis. The situation of the Union Pacific and Central Pacific is practically unchanged. The water being too high for any work to be done. The railroad proposes to put in a line of wagons and transfer between the points where the trains stop. The New York and Erie Bank, of Buffalo, N. Y., of which the late Jno S. Ganson was president, did not open its doors the 6th inst. It is rumored that a large indebtedness through outside speculation is the cause. The capital of the bank is $300,000.


Article from The Emporia News, September 10, 1875

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nigur, the bank, made him open the safe, and then robbed it of $100.000.-ExJudge John W. McDonald, of Harris county, Texas, arrested in Chicago, for embezzlement of public funds.-No. 2 wheat in St. Louis $1.43, No. 3 $1.26; corn 61½c. FRIDAY, SEPT. 3. Coroner's jury in Ralston's case, San Francisco, gave verdict of accidental death by drowning -Six men, one an Indian and one a negro, effectually hung at Fort Smith, Arkansas, for various murders. They had been convicted by the U. S. court. All were hung at once, in a row.-Jeff Davis to speak Sept. 14 at Kansas City.-Cady and Harris, negroes accused of instigating the late alleged proposed insurrection, acquitted, for want of proof.-Louis Rehm, the teller of the Traders' bank of Louisville, confessed to haying taken the $100,000 himself, and is in jail.-800 shoemakers in Natses, Mass., stuck for higher wages. -Murders every day in the Pennsylvania coal regions, the miners killing the borers who sustain the companies.-No. 2 wheat in St. Louis $1.49, No. 3 $1.31; corn 62½c. SATURDAY, SEPT. 4. Democratic victories in Calitornia confirmed. -- Ralston's defalcations from the bank of California amount to between $3,000,000 and $4,000,000, and an over issue of stock has been discovered.-Printers in Leader office, Cleveland, on a strike because wages are reduced.-Dr. Helmbold, of Buchu farm, released from the Pennsylvania insane asylum on a writ of habeas corpus.-Legions of grasshoppers seen flying over Central Illinois. - Mercantile bank of Norfolk, Va., suspended.-State Normal school at Bloomsburg, Pa., burned. Loss $60,000; insurance $30,000.-Two editorial apes, Major John N. Edwards, of the St. Louis Times, and Col. E S. Foster, of the St. Louis Evening Journal, fought a pistol duel near Rockford, III. One shot fired, and neither burt. Edwards is an ex-rebel, Foster a Union, soldier. All about Jeff Davis speaking at the Winnebago fair.-At Jackson, Mis., a balloonist named Wm. Doyle went up in a hot air balloon, jumped out into a mill pond, and was drowned.-The fast mail train from New York to Chicaga begins Sept. 13.-St. Louis No. 2 wheat $1.47; corn 63½c; oats 36c. MONDAY, SEPT: 6. The two St. Louis editorial fools who fought a duel, returned home safe, and were overwhelmed with eongratulations ou their wonderful bravery. They ought now to see which can eatthe most watermelons without dying on the spot.-Patrick Conroy, Valentine Baker and Moses Hine, commissioners of Schuylkill county, Pa., fined $1,000 code and sent to the penitentiary for two years for embezzling public money. -The negro riot at Clinton, Miss., ceased after several whites and blacks had been killed.-At Huntington, West Virginia, three men entered the bank at noon, when Mr. Olney, the cashier, was alone, and robbed the safe of $15,000, and left on horseback. While they were in, a negro with a revolver entered, but was ordered to "hold up his hands," and did so, being too much frightened to make any resistance. -Bright, democratic, elected Mayor of San Francisco.--$40,000 fire at Elizabethtown, N. J., and $70,000 one at Rutland, Vt.-New York & Erie bank, Buffalo, suspended.Great fair to be held at Muskagee, Indian territory, Sept. 14 to 18.20,000 people at the Rockville, Ind., soldiers' rennion.-Wheat crop in England 80 short that large importations will be necessary.-The St. Joseph, Mo., fair opened very succeasfully.-Running race at Lexington, Ky., won by Bob Wooley, in


Article from The True Northerner, September 10, 1875

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$1,085,865,550 Six per cent. bonds 623,032,750 Five per cent. bonds Total coin bonds, $1,708,898,300 $ 14,678,000 Lawful money debt Matured debt 17,961,260 374,315,565 Legal tenders 64,780,000 Certificates of deposit 41,137,018 Fractional currency Coin certificates 17,618,500 Total without interest $ 497,851,084 Total debt 2,239,388,644 Total interest 26,919,783 Cash in Treasury: Coin $71,117,272 4,602,365 Currency Special deposits held for redemption of certificates 64,780,000 of deposit $ 140,499,631 Total in Treasury $2,125,808,789 Debt less cash in the Treasury 1,585,049 Decrease of debt during August Decrease since June 30 2,879,936 Bonds issued to the Pacific Railway Companies, interest payable in lawful money Principal outstanding $ 64,623,512 646,235 Interest accrued and yet paid Interest paid by the United States 28,202,807 Interest repaid by transportation of mails, etc. 6,304,047 Balance of interest paid by United States 21,894,760 The Secretary of the Treasury is sanguine that the Syndicate will take all the remaining 5 per cents. by the 1st of next November. In case they do the negotiations of the new 41/2 per cents. will be at once begun. General. Hon. Gideon Welles has written a long letter in vindication of Admiral Farragut's fame as the hero of New Orleans. There is a prospect of a row between the United States and Great Britain. An American vessel was recently sold in British waters in violation of American law regarding such sales. A demand was made upon Great Britain for the return of the vessel to this country for seizure, but the British government refused to comply. The United States government has therefore given orders to seize the vessel if ever found in American waters. A bold robbery is reported from Huntington, West Virginia. Three men entered a bank at noon, and, placing pistols at the head of the Cashier, compelled him to open the safe, from which they took $15,000 and decamped. The New York and Erie Bank, of Buffalo, N. Y., has suspended. The Philadelphia experiment of shipping peaches to England has proved a failure. The fruit all rotted before reaching Liverpool. Political. A dispatch from San Francisco, dated, Sept. 3, says: "The election returns come in very slowly, but it is sure that the Democrats have carried the State by a plurality of nearly 20,000, and a majority of about 10,000. The city government is mainly Democratic. The Democrats of California have elected their State ticket by about 30,000 plurality. Foreign. Late European advices state that the leaders of the Turkish insur:ection have agreed upon a manifesto, demanding the independence of Bosnia and Herzegovina and a Christian


Article from The Grange Advance, September 15, 1875

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of the late president of the Bank of California will amount to between three and four million dollars, and that an over-issue of stock has been discovered. It is not supposed this will in any way prejudice the arrangements now being made torehabilitate the bank. It has been reported that the bank of California was largely indebted to the U. S. Mint there. The bank has been refining for the mint and the supposed indebtedness was said to be incurred through that channel. The superintendent of the mint states that on the contrary the mint owes the bank 125,000, payable on demand. The secretary of the U. S. geological survey, has received particulars of an engagement which occurred August 15th, between Gardner and Gennett's parties of Hayden's survey and a band of Indians near the line between Colorado and Utah and near the north line of New Mexico. The fight lasted twenty-one hours and resulted in the loss to the Gardner and Gennett party of all their baggage and nearly all their provisions, but the men all escaped without injury. The Catholic priests of Morristown, N. Y., from their pulpits Sunday the 5th instant took occasion to call upon each Catholic voter to scratch four of the proposed amendments to the State constitution-those relative to public schools and forbidding appropriations of public money for sectarian schools. There is considerable excitement, and it is expected Protestants will gather in force to vote in favor of the amendments above specified. Applications have been received at the Treasury Department, Washington, D. C., for the transfer of about one million dollars in gold from New York to San Francisco, mainly for commercial purposes. The applications were from residents in the latter city. The Treasurer hopes to be able to transfer about halfa million dollars on the 7th, which will be distributed pro rata among the applicants. Since the suspension of the Bank of California the directors of the mint had directions to stop the coinage of silver and esume the coinage of gold. Therefore a million dollars in coin intended for the purchase of silver not being needed, $500,000 of the amount was returned to the assistant Treasurer last week, and the other half million will be returned in a few days, when he will comply with the present request-for transfer of a million dollars. The trade with the South is opening better than was calculated. A good business was expected with the West, and there is no disappointment. The trade of New York with the Middle and Eastern States is small as it was expected it would be, because of the depression in manufacturing interests. With the agricultural sections flourishing, however, it is but a step to improvement in manufacturing. There is more caution and prejudice manifested in trade this season than there has been since the panic, and it is safe to assume that whatever business is done will be done on a safe basis. The situation of the Union Pacific and Central Pacific is practically unchanged. The water being too high for any work to be done. The railroad proposes to put in a line of wagons and transfer between the points where the trains stop. The New York and Erie Bank, of Buffalo, N. Y., of which the late Jno S. Ganson was president, did not open its doors the 6th inst. Itis rumored that a largeindebtedness through outside speculation is the cause. The capital of the bank is $300,000. Gov. Ames of Mississippi has made a formal application to the President for troops to aid in preserving the peace in that State. It has been decided to hold the grand Black Hills council with the Indians at Fort Laramie. Considerable dissatistaction among the Indians is reported owing io the change of programme. Red Dog is said to be a natural orator, and a man of unusually good judgment. As he favors the sale of the Hills, his influence will be of great service to the commissioners. The fast mail train between New York and the West was put in operation on the 13th. It leaves New York at 11:30 A. M., and arrives in Chicago at 6:30 A. W. he new Atlantic cable has had a good effect on ocean rates. Dispatches are now taken at one English shilling for each word a large reduction from former rates. Fifteen thousand Indians have congregated for the Black Hills coancil. The Chicago Exposition is said to have surpassed any former exhibition. The population of Kansas is 536,000. Commercial Matters. ST. PAUL, September 13


Article from The Superior Times, September 16, 1875

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The Fall trade opens well in Ne York, and the feeling is hopeful. John Wesley is to have a mont ment at Savannah, Ga. Fortythousand tramps are spene ing the Summer in New England. Dr. Mary Walker is practicin madicine at Salt Loke City. Small pox rages to a considerab extent in New York. Bill Bigler, it is believed, will } the Democratic candidate for Go ernor of Pennsylvania. Hon John M. Scott, Judge of the Supreme Court, is spoken of f Governor of Illinois. The Shakers of Mount Lebano N. Y.., are rapidly decreasing strength. Rev. "Adirondack" Murray, the noted Bos on preacher, has starte a journal-The Golden Rule. England will have to import large quantity of wheat the comir year. The Kentucky lottery swindl are in a fair way to be squelched I the courts. Chicago, which is to be tl finest city in the world, now has the worst sidewalks. The New York and Erie Bank Buffalo, N. Y., has suspended. speculative President was the trouble. California asked the Governme for $1,000,000 in gold, and that a ticle of commerce leaped to 1.15 consequence. The New York Herald has i vented another word-*unartful Artless is 100 short and musical to New York. The British iron-clad war-steam Vanguard, one of the strongest the navy, as been sunk in the En lish Channel. It is reported that there is a co siderable movement in Madrid loo ing to the restoration of ex-Quee Isabella. Ida Lewis, the young lady wl has saved SO many lives on tt rough waters at Newport, is to I specially remembered by the ne Congress. An attempt has been made rob the grave of Gen. Sheridar father, probably for the purpose securing a reward for the retnrn the body. Mayor Luddington, of Milwaukt has been raiding on the pretty wa er girl saloons, but being a cand date for Governor, his enemies si he did it to curry favor with ti church people. Two St. Louis editors became i volved in a quarrel upon the subje of the invitation of the Winnebag Co. ILL Fair to L.ff Davis an


Article from The Jasper Weekly Courier, September 17, 1875

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EAST. Gold closed in New York on September 8. at 115 1-4. The National Board of Steam Navigation held a session in New York on the 2d, over 100 delegates being present. It was resolved to ask Congress for a commission to inquire into the practicability of improving the navigable rivers of the United States, and also to amend the Steamboat law. An excursion train, while returning to Kingston, N. Y., from the Wesley Grove Camp-meeting, went through & rotten bridge and 25 passengers were injured, some seriously. Thomas Sawyer, a boss'at the Lehigh Colliery, at Shenandoah, Penn., was shot by five unknown menon the 1st. The operatives in the Natick, Mass., boot and shoe establishments, about 800 in number, are on a strike for a restoration of former prices. The New York and Erie Bank of Buffalo N. Y., has suspended payment. During the month of August there were 7,640 immigrant arrivals at New York, as compared with 11,868 for the same month in 1874, and 18,754 in August, 1873. There is a great falling off in Irish and Germans. Italian immigration is at a stand-still. On the other hand, there is a fair,influx of Russians of the substantial class. At the trial of Westervelt, in Philadelphia, for participation in the abduction of Charlie Ross, a number of letters written to Mr. Ross, offering to return Charlie to his parents for a reward, were identified as being in the handwriting of Wm. Mosher, an accomplice of Westervelt's, who was shot at Bay Ridge, Long Island, while robbing a house. A Brooklyn lady also testified to seeing Westervelt in a street-car in that city, soon after the abduction, accompanied by a boy whom she identified almost positively by a photograph as Charlie Ross. The New York Republican State Convention, held at Saratoga on the 8th, nominated the following ticket: For Secretary of State. Fred. W. Seward; Comptroller, Gen. F. E. Spinner; Treasurer, Gen. E. A. Merritt; Attorney-General, Geo. L. Danforth; State Engineer, O. H. P. Cornell; Canal Commissioner, Wm. E. Tinsley; State Prison Inspector, Rev. Benoni T. Ives. The resolutions declare that further inflation of the currency, under any pretence whatever. would be a public calamity; that the interests of honest indus try and common welfare demand the speediest possible return to specie payments; and that the whole subject of taxation ought to be carefully and wisely reviewed, to the end that its burdens should bear equally upon all. They also declare against a third term, and against any appropriation of money for sectarian purpose, or division of the school fund. The Convention was presided over by Geo. W. Curtis.