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THE BANK OF CHEMUNG. ELMIRA, N. Y., March 22, 1878. The Bank of Chemung suspended payment to-day. It was a private banking institution, conducted by Heury W. Beadle, who makes an assignment to F. G. Hall and S. L. Gilless. The amount of deposits are $280,000. Discounts and overdraits are reported at $260,000. A serious loss to depositors IS feared.
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A GOLD BUG. Messrs. Ewing and Crittenden Found $97,000,000 Sealed Up in the New York SubTreasury Vaults. NEW YORK, March 22.-Messrs. Ewing and Crittenden, of the committee on banking and currency of the House of Representatives, to attend the examination of coin in the sub-treasury, had a conference this morning with a number of leading bankers. S. D. Babcock, Jno. A. Stewart, James M. Brown, Jacob D. Vermilye, Benjamin J. Sherman and George Blaus were instructed to meet the committee in the office of Assistant Treasurer Hillhouse. A private conference was held, lasting about an hour, during which Mr. Ewing asked a number of questions, partly in regard to the amount of gold which would probably be necessary for the successful accomplishment of Secretary Sherman's plan of resumption. No definite sum was named in reply, but it was intimated that the passage of the silver bill had considerably changed the condition of affairs and that seventy-millions in United States bonds had come back from Europe. The examination of all accounts, rates, the coin and bullion in the sub-treasury by Secretary Sherman's commission had been completed. The only discrepancy discovered was an excess of thirty-four cents in fractional notes. The amount of gold coin sealed up in the vaults, exclusive of loose gold and bullion is $97,000,000. Banks Demonetized to John Sherman's Policy. TARRYTOWN, N. Y., March 22.-The failure of the Natlonal Bank of Tarrytown causes great excitement among the people. Some indignation is expressed that the bank officers should have received deposits up to the close of business yesterday, when they knew the bank must suspend to-day. The examiner threw out a large amount of worthless paper which the bank had been carrying for some time, and the supervisor of Greenburg, who is president of the bank, had the money under his control withdrawn some days before the failure. The county treasurer also drew out his deposits. Several parties holding trust funds deposited in the bank are greatly embarrassed. The assets, including cash on hand, $20,000, are estimated not to exceed $80,000. The liabilities are $122,000. The examiner found abont $100,000 of worthless paper in the bank. ELMIRA, N. Y., March 22.-The bank of Chemung suspended payment to-day. It was a private banking institution conducted by Henry W. Beadle, who makes assignment to F. S. Holl and S. L. Gillett. Amount of deposits, $280,000; discounts and overdrafts reported, $260,000. Serious loss to depositors feared. NEW YORK, March 22.-A meeting of the creditors of John F. Henry, Curran & Co. was held to-day. The creditors said that the trademarks owned by the firm were worth fully $150,000 and that they might too be included in the assets. A resolution was adopted that a receiver be appointed who would open the doors of the concern and continue the business. Ben. H. Dewey was appointed temporary receiver to take charge of the business and deposit the funds daily in bank. Refineries for native kerosene are now in ac-
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FAILURE OF THE BANK OF CHEMUNG. ELMIRA, N. Y., March 22.-The Bank of Chemung suspended payment to-day. It was a private banking institution conducted by Henry W. Beadle, who makes an assignment to F. G. Hall and S. L. Gillett. The amount of deposits is $280,000. Discounts and overdrafts are reported at $260,000. A serious loss to depositors is feared.
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It is believed that of the nominal assets, amounting to some $250,000. about $90,000 are available to meet liabilities of over $120,000. Judge Paddock says that there will belittle, if any, loss to depositors, though the stockholders will fare very badly. The disaster that has overtaken the bank is largely changeable to the injudicious invest" ents of the late President. Luther Redfield, who, it is said. lent large sums of money in New Jersey and in this city on insecure notes and mortgares It is also said that $15,000 was invested in a second mort sage on property belonging to Mr. Redfield The Cashier is also greatly blamed for taking deposits on the day before the suspension. The collector of the town of Mount Primarit deposited 1,000 on that day. The Supervisor of the town of Greenburgh, who is also President of the bank. caused to be drawn from it the public money under his control some days before the suspension. This was also done by the County Treasurer with the funds in his keeping. The bank is fourteen years old. had a cash capital of $100,000. and has until lately been considered one of the most trustworthy institut ons in the country. Its depositors were from Tarrytown. Irvington, and the surrounding country. The Vice. President said that four years ago a resolution was passed by the Board of Directors that no loans exceeding the amount of $5,000 should be given. exec pt upon collateral security but the resolution has been practically dead letter. The exeitement attending the bank's failure has caused somewhat of a run upon the Westchester Savings Bank, but the latter institution is considered as perfectly sound. AN ELMIRA BANK GONE. ELMIRA. March 22.-The Bank of Chemung suspended payment to-day. It was n private banking institution, conducted by Henry W. Beadie who makes an assignment to F. G. Hall and S. Gillett. The amount of deposits ar $280,000. Discounts and overdrafts are re. ported at $260,000. Aserious loss to depositors is feared.
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ELECTRICSPARKS. The Bank of Chemung, at Elmira, N. Y, has suspended. The National Bank of Tarrytown, New York, has suspended. James Ross Snowden, formerly director of the United States mint, died at Hulmville, Pa., yesterday. The Democratic State Convention of Rhode Island nominated J. B. Barnard for Governor, and Isaac Lawrence for Lieutenant- Governor.
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News Items. "Not guilty, but ought to be hanged,' was the form in which a bigamist, in wh se favor a technical point had been successfully raised, was acquitted by a jury in Chester, The steamer Jas. W. Gafl, full of freight and having on board ninety passengers, was sunk on the Ohio yesterday, a few mile above Carrollton, Ky. No lives were lost. The steamer was valued at $30,000. The Bank of Chemung, at Elmira, N. Y., has suspended. The deposits amounted to $260,000. Serious loss to depositors is feared. The attorney general of Louisiana has filed an application for a re-hearing in the Anderson case. He contends that errors have crept into the decision of the State Supreme Court, no doubt from the imperfection of the presentation made by the State, and the shortness of time during which the court held the case under consideration. An Iowa newspaper, edited by aman named Havens, recently printed and praised an original poem in favor of the "dollar of the fathers." and was cha grined when a rival editor showed that it was an acrostic, the initial letters read "Havens, the ass." About two inches of snow fell at Buffalo, N. Y., Saturday nightand Sunday, and it was still snowing at 3.30 P. M. Eight mehes of snow fell yesterday at at Watertown, N. Y. The storm extended over other portions of New York. and portions of New England, Ohio and Pensylvania. A heavy wind storm prevalled in this latitude. An Ohio court has just granted a man's petition for divorce from his wife on the ground of her habitual drunkenness, the intoxication arising from the excessive use of morphine. The Court held that it makes no difference in law whether the intoxication proceeds from the use of strong drinks or narcotics. Aaron Marshal. saw by the moonlight Friday night, in a Botetourt Va., county road, a large black dog and rockhim for the lun of the thing. It turned out to be a large bear and Aaron had to take to a tree where he remained till morning, with the bear at the bottom all ni ht. In the morning his cries at tracted 3 passerby and the bear fled. Aaron had to be fifted ont of the tree and carried home, he was 80 badly
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THE LATEST FAILURES. CINCINNATI, March 26.-J. M. Hocker. banker, of Lexington, Ky., suspended yesterday. His liabilities are $132.000, and assets $75,000 to $80,000. Logan Hocker has also failed, with liabilities of $60,000, and assets $20,000. BOSTON, Mass., March 26.-Lockwood, Brooks & Co., book publishers, at No. 381 Washington-st., have suspended. Their liabilities are $120,000. ELMIRA, N. Y., March 26.-George Congdon, malster and brewer, has failed. Liabilities $12,000; as eets, $7,000. The failure grows out of the suspension of the Bank of Chemung.
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SHERMAN 'PROTECTION" FRUITS. " Take care of the rich, and the rich will take care of the poor." Cleveland, March 22.-A. Jankau, a jeweler of Superior street, assigned to J. B. Heller to-day. Bond, $6,000; liabilities. about $10,000; assets, $5,000. Poughkeepsie, N. Y., March 22.-The National Bank of Tarrytown has suspended security on which $108,000 was loaned to New York parties was worthless. The bank can pay one hundred cents on the dollar by taxing stockholders. Elmira, N. Y., March 22.-The Bank of Chemung suspended payments to-day. It was a private banking institution, conducted by Henry W. Beadle, who made an assignment to F. G. Hall and S. L. Gillett. The amount of deposits is $280,000. Discounts and overdrafts reported, $250,000. Serious loss to depositors is feared. Rochester, N. Y., March 22.-Jervis, Lord & Co., wholesale liquor dealers, made an assignment to. day. Springfield, O., March 22.-To-day ex Sheriff Cornelius Baker made an assignment to Chas, R. White, Esq. Liabilities, $8,000, of which $2,000 is secured by mortgaged real estate. Assets, between $11,000 and $12,000, mostly in real estate. Youngstown, O., March 21.-John K, Hayes, a farmer and miller of Green township, this county, made an assignment yesterday. Assets, $4,000; liabilities, $9,000. Lima, O., March 21.-The Grangers' Supply Store of this city made an assignment to-day to James McBith. Liabilities, $25,000; assets, consisting of stock on hand, $1,500. The management claim that by making an assessment on unpaid certificates it will leave a surplus. Detroit, March 21.-Donohoe & Riordon, dry goods merchants at Muskegan, have made an as signment. Liabilities, $55,000; assets, $25,000. Memphis, March 21.-Podesta Malatesta & Co., wholesale confectioners, have made an assignment. Their liabilities are $30,000, and their assets nominally $60,000. L. Podesta & Co., whole. sale liquor dealers, have also made an assignment. Liabilities, $90,000; assets, $120,000.
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The war feeling against England is ineasing in Russia. A heavy snow storm prevailed over New and Canada Sunday motion for a new trial in the case of ibjornson and McDonald, at Milwaukee, be argued April 4th. Bismarck dispatch says the Seventh valry is under orders to get ready for service. midnight of Friday, in the pedescontest of London, O'Leary had 457 miles, Vaughan 441 and Brown 51/2. fire at Danville, Va., Friday, burned veral buildings. half a milion pounds of if tobacco and 50,000 pounds of manuclured tobacco. Senator Dors y is involved by testimony ken at Washington yesterday in unexained crookedness in connection with dding for mail contracts in Arkansas. The steamer Manitoba arrived Friday at innipez, from Fisher's Landing, with 65 issengers and 125 tons of freight, exactly emonth earlier th in ever known be fore Jarvis, Lord & Co., wholesale liquor and rectifiers, Rochester, N Y, ho had some notoriety in c innection the New York canal frauds, have an assignment. The Bank of Chemung, at Elmira, N. a private institution conducted by enry W Beadley has suspended pay. Deposits, $280,000. Serious loss depositors IS anticipated. The House of Congress passed, among pension bills, one granting $3,000 Mrs. Custeron acco int of her father paid that amount to the governon a forfeited official bond. Testimony has been taken by a PennIvania legislative committee to the ef. that Mayor Philips and other promicitizens encouraged the strikers last to resist rrest, two citizens going SO as tooffer to furnish arms and money. Attorney General Ogden of Louisiana filed in the supreme c mrtof that State applteation for " rehearing in the Case Anderson, in which he controver the and the law on which the discharge Anderson was based. The Milwaukee jury in the case of Eshrusson and McDon all, indicted for proan abortion on Annie Hollings of Litchfield, Minn., after five consideration, brought in a verdict guilty against each. A stay of proceedwas granted The grand jury at New Orleans, which been inquiring into the charges inst White ker by J. Madison Wells, that three charges of embezzlement minst hittaker were disposed of, one a jury asquittal and two by nolle prosequi consequence of the verdict in the first The Texans, dissatisfied with the ma report of the mixed commission ap. by the President and Gov. Hub. to investigate the El Paso troubles, the two army officers appointed by the resident were feasted and feted by the lizens of El Paso con ty, who are iniminot only to the people of Texas but to American people. Dispatches of Friday from Battleford, thwest Territory, confirm the reports serious Indian treubles being imminent ypress Hills and Red Deer river. The dian vances »ppear to be the internce of the moun aed police in tribal fficulties. the enforcement of the law for preservation of hutfaloand the punishof Indians for crimes. Judge Baker, president of the St. Louis
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THE BANK OF CHEMUNG. ELMIRA, N. Y., April 7.-A judicial investigation in the affairs of the suspended Bank of Chemung, ofthis city, was begun here Saturday. The order was granted by the County Judge on petition of a creditor. The teller of the bank and a brother of the cashier were sworn. and will testify Tuesday, to which day the case was adjourned. Henry Beadle, the cashier, the assignees, and others, will be examined by the referee.
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SIMEN TO Eastern and Middle States The Rhode Island State convention of the Providered 18 pieq SUM Party National MOU A ticket headed by William Foster for governor SUM -sns has Bank SEATIONS (*) Calara The pended. Election returns from all the towns in New Hampshire for governor give Prescott, Republican, 39,377, and McKean, Democrat, 87,863. The House will stand: Republicans, 205 Democrats, 165. -op useq baq essigns Female quant 07 mg V feated in the lower house of the Massachusetts 'SG 07 127 4q 1 James E. Goll, well-known in New York insurance circles, committed suicide by shocting himself in the head. He was at one time Turniy peq 4714 new int Mealth troubles and became dissipated. The Rhode Island Republicans met in convention at Providence and renominated the present State officers by acclamation. Followpoliticla ou custom's Junsu eqf Sup pessed 9.10M The Tarrytown (N. Y.) First National Bank has failed. The liabilities are estimated at $122,000 and assets $80,000. The Bank of Chemung, at Elmira, N. Y.-a private institu*pepuedsns also seq-uon The Rhode Island Democratic State convenvention, held in Providence, resulted in the -M'I 08881 sq pepson teach 8 10 rence for governor. Before a committee of the Pennsylvania Legislature appointed to investigate the Pittsburgh railroad riots, R. A. Ammon, of Pittaburgh, who was at the head of the Trainmen's Union at the time of the strike, testified that the citizens offered the strikers arms to resist the troops, two prominent citizens having offered these JO euo bach SULIE JO pusis perpuny 8 P[01 78 miq 000 07 quem clizens him that he hoped the men would stand pus SULIE them droctised pus rights their Joj money. The steam chimney of the Hudson river steamer Magenta exploded two miles below 9.19A OM7 pus "I N "Suig Said killed outright, two were fatally scalded and several others received serious injuries. Warren Lane, bookkeeper of the Planet Mills Manufacturing Company, Brooklyn, N. up hank 9,Ausdure the more SUM 4714 000'18 имар pay eq where Xork MON -08 SUM eH the до And 04 which companied by an assistant, who carried $700 in silver. When in an unfrequented locality they were approached by three men, dressed as laborers, whol suddenly attacked the two, knocking them down with blows from sand up Aeney eqf 118 JO them rellering puu squio twinkling. Before they could gain their feet the thieves were rattling off in a wagon that pus 8 JO charge up Surgery SEAL *educe. new pood epsur Peter McHugh, Patrick Hester and Patrick JOI "as 'Smqsmootg 78 pesueq 9.10.A решей Supurar 8 JO rep.mu the Rea, in 1868. The town was filled with people from the surrounding country, but only about two hundred persons were admitted to the jail yard where the execution took place. The three men were hanged together and exhibited -qus u! SUM oqu Heretor TO suSis 1itte stantial circumstances and for whom strenuous efforts had been made to obtain an amelioration of the death sentence, protested his innocence to the last. While the men were still Pard n°i the JO 00 the uo peqs 8 'SutSueq Ally quoqs Crash 8 4714 AVM GARD 20q little Suim[0] paw punois the 07 suossed 80 severely that he died soon after. Fires Twenty three buildings were destroyBBOI Sujenvo "X N up ore &q pe aggregating $65,000. Nearly whole block of large business houses in Philadelphia was 1847 the 10 euo Suieq ore the 'peu.mq UB pus atty the JOAD bag *000'000' JOAO JO 1088 mated Western and Southern States. 4q pejdnooo up Supping V SUM '{usduioo duty[ eatsoldxe-uou 8 total 8 pus 118 41141 together 'erg &q '000'9918 JO Inclured 1088 oqu 00 a mor JO pusq V have been operating extensively in the Northwest, were unearthed and arrested in Chicago by special government detective. The whole enounds the JO pus add their JO coin were captured. Jeeu реимолр 9.10A Loq 8 pus ueur FOUR Howardsville, Albermarle recently, while attempting to cross river in frail canoe after dark. Two families, consisting of thirteen women and children, were left withthem. 07 male signed 8 quo appalling disaster occurred in the sawmill Rich more miles иелея about 'SIAIV P II8H JO us s,Juemour ""A 'puour quipping our vitch PRICE took exploising ui punors statement persons pus speqs eag pus thrst pay boller eur Аледе men were killed, and one was fatally and five dangerously wounded. Among the killed were "JK the JO reSearch the JO suos om 8[8 SUM oqu II H Reports from Ohio, Indiana, Kentucky and West Virginia give flattering prospects of the wheat crop. The average increase over last central aed the 78 estimated 81 doro A large tobacco warehouse, several factories, a colored church and six tenement houses were 8 entatlique ""A up erg sq performed -'098 si 1 the vition uo '000'08$ JO 1088 '000 Rumors of an Indian confederation in the 0.10 Scoots been base Northwest reported to have found several thousand Cheyennes and Sioux in Northern Montana on the warpath. It is said that Big Bear, one of the chiefs of the league, demands as an ultimatum that the buffalo law shall be repealed, and that Indians shall be allowed to settle their troubles among themselves without interference from the mounted police or the Canadian government. Mrs. Geerge Wallace, her infant child and Miss Church, schoolgirl, were murdered near Wheeling, W. Va., by the former's brother-in-08 eq rep.mu the After Mattace. uqor "MB[ cused his brother of the crime and both were arrested. Eventually John confessed to having killed the three alone, alleging as a motive that Mrs. Wallace and her husband had been talking about him and his wife. His reason for killing Miss Church was that he was afraid she would find out what he had done. He started with Mrs. Wallace and her child for the house of Miss Church, and on the way killed them with hammer. Then he proceeded to Miss Church's and completed his terrible work After the confession a body of men entered the jail, overpowered the guard, took away the prisoner and hung him to a tree, after drag ging him nearly a mile on bis back. Two colored men, Fortune Bush and Dexter McCreary, were hanged at Barnwell Court House, C., for the murder of Stephen II" children OM7 pus siq The murder was committed last January, and interited cabin the 07 ore 108 the -89A II8 dn u.mq 07 summer their 4q tiges of the crime. Investigation led to the discovery that murder had been committed and further inquiry resulted in the arrest, trial, conviction and execution of the above named. McCreary confessed having been party to the deed of blood, the motive being robbery. From Washington. The number of bills introduced in the House resolttions Joint JO pus '066'8 19 2186 the 07 dn 169. The House Committee on Invalid Pensions has agreed to report bill allowing pensions 7801 base oqm soldiers of mombih Jed 372 JO either both eyes, both hands, or both feet, and of $24 to those having lost one eye, one hand food euo JO The National Council of Sovereigns of Industry, in session at Washington, elected the following officers of the National Council for 1878: John Sheddin, Pennsylvania, president; S. S. Davis, Massachusetts, vice-president; M. W. Morton, Rhode Island, secretary: Clark Wethersby, New York, treasurer; W. H. Earl,
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ELMIRA'S BANK DEFAULTER. WHAT CASHIER BEADLE DID WITH THE DEPOSITORS' MONEY. Over $400,000 Gone-The Defaulter Surrenders-" Mr. Sheriff. I am Your Prisoner. I am Tired Out, and Want to Lie Down." ELMIRA, June 11.-The Bank of Chemung was established here in 1850, by Dr. Tracy Beadle. who had been member of Assembly for this county and was'a member of the Constitutional Convention of 1866. In 1862. the bank became a national one. but since 1870 it has been conducted as a private enterprise by Henry W. Beadle. a son of Dr. Beadle. whose name appeared on the paper of the bank as cashier. The institution possessed the confldence of the community and its line of deposits was very large. On March 22. 1877. Dr. Beadle died. On March 22 last. the doors of the bank were closed. and an examination into its affairs showed that it had been doing business on no capital. depending entirely upon the funds of its depositors. The fortune of Dr. Beadle had been withdrawn, excepting about $80,000 which was on deposit there. and invested in other ways. The assignees reported that the liabilities of the bank were nearly $430,000, $250,000 of which was due to depositors. and its assets a little over $170,000. The cashier. Henry W. Beadle. had borrowed the funds and employed them in certain stock operations that had turned out disastrously. Among other investments, he had entered Into partnership in a wholesale drug business here. whose account on the books of the bank was overdrawn $53,000. A brother. who is a hardware merchant. was also overdrawn $26,000, and Beadle himself was overdrawn $60,000. There was $150,000 of discounted business paper. of which less than half was good. A gas company that Irad been organized to furnish Rochester with natural gas from a well at Bloomfleld. thirtyeight miles distant. absorbed $52,000 of the depositors' money. making no return a silver mining operation took $20,000 more: the Elmira Driving Park Association. the property of which was lately sold under a mortgage foreclosure, took $10,000. and the purchase of an unremunerative public hall swallowed $20,000 more. At the time of the investigation. Col. J. G. Thompson, one of the wealthy men of Springfield. Mass., Beadle's brother-in-law. offered to the creditors to compromise for 334 per cent. but the offer WAS not accepted. The assignees found that they were able to pay 10 per cent. The failure created intense excitement here, involving a great number of persons, who were represented in the liabilities in sums ranging from 19 cents to $18,000, and in many cases creating much hardship. A number of failures of business men followed on the heels of the bank failure. It would have been unsafe for Mr. Beadle to have been seen on the streets for many days after the bank was closed. So deep was the feeling against him that his two little daughtors were assailed with stones by some of the poorer creditors who casuaily met them. and one of the local newspapers suggested that those whom he had wronged should lynch him if he ever returned to the city. Mr. Beadle, who is a widower. was engaged to be married to his cousin. a daughter of the Rev. Dr. Beadle, a conspicuous Presbyterian clergyman of Philadelphia, the wedding day having been appointed for the week after the failure of the bank. The Sunday after the failure Mr. Beadle went to Philadelphia, the wedding was postponed, and he has since. until last Sunday, with one exception. remained out of the State. He came here in the night time six weeks ago, but some of his friends, learning of his presence, took him in a carriage by an unfrequented road to Sayre, Pa., distant twenty miles from here. and thence sent him to Wilkesbarre. where he has been since. It is reported that he has been drinking deeply. On Saturday last he came again to Elmira. and on Monday afternoon the Chief of the Police. with two offi ers, went to his house for the purpose of arresting him on the complaint of a man to whom he had given a draft on the Metropolitan Bank of New York for $18,000, when he had no money there to meet it. The officers were unable to obtain an entrance by any of the doors, and took out a pane of glass, by which means they raised a window sash and entered, Mr. Beadle was found in an upper room, and when told that the officers held an order for his arrest. answered that he had come home to