Elmira National Bank

1. May 24, 1893 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, May 24, 1893

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A DOMESTIC DIFFICULTY. Store of a Large Sewing (Machine Company in the Sheriff's Hands. NEW YORK, May 23.-The Domestic Sewing Machine Company, which has been attached by the Astor ¿Place Bank, the attachments aggregating over $27,000, has removed from this city to Newark, N.J. It is said that this was done to avoid other attachments and protect the property of the company, which is a foreign corporation. It is also said the removal was made to avoid the payment of taxes here. The store of the company was continued in charge of the sheriff today without interference in the business. Those familiar [with the company's condition say the tightness of the money market found it in straits. It has large quantities of paper out, held by many banks. Big Electric Concern in Trouble. EAU CLAIRE, Wis., May 23.-Ralph Rust today was appointed receiver of the National Electric Manufacturing Com pany. The assets appear to be $560,000; indebtedness, $400,000. The company is one of the largest electrical manufacturing concerns in the United States. The cause oi the appointment was threatening suits arising out of the stringency of the money market. Other Business Troubles. NEW YORK, May 23.-The following notice was pinned on the doors of the National Bank of Deposit this morning: "I have taken possession of this bank for the Comptroller of the Currency. Deposits will neither be received nor paid until further notice. William H. Kimball, National Bank Examiner." NEW YORK, May 23.-A receiver has been asked for the Ives, Blakeslee & Williams Company, in proceedings for voluntary dissolution. The firm is alleged to be insolvent. Aside from what it owes Cornelius Blakeslee, its obligations are $175,000. The firm dealt in toys and fireworks. The total liabilities are $261,848; actual assets, $70,289. ELMIRA, N. Y., May 23.-The Elmira National Bank closed its doors this morning. The failure is due to the financial troubles of Colonel D. C. Robinson. It is said the depositors will be paid in full. The deposits in the bank amount to $200,000.

2. May 24, 1893 The Morning News Savannah, GA

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AN ELMIRA BANK FAILS. Depositors Will Lose Nothing and Stockholders Very Little. Elmira, N. Y., May --The - Elmira National Bank closed its doors this morning. The bank's failure is the result of the recent financial troubles of Col. N. C. Robinson. The Mutual Life Insurance Company of New York agreed to advance $75,000 to Col. Robinson. The company, however, decided last night to render no further assistance to the colonel, and as he was a large creditor of the bank it was decided by the directors to apply to the controller of the currency for the appointment of a receiver. Bank examiners last week reported the bank perfectly solvent in case Col. Robinson paid his obligations. and if not depositors would be paid in full with a small loss to the stockholders. Jackson Richardson, president of the bank, says depositors will positively be paid in full. The deposits in the bank amount to about $200,000.

3. May 24, 1893 Deseret Evening News Salt Lake City, UT

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Made an Assignment. ELMIRA, N. Y., May 24.-Mayor - D. C. Robinson has made an assignment. The Elmira National bank which closed its doors yesterday is a preferred creditor. The liabilities are unkpown, but may reach a hundred thousand dollars. The run on Elmira Savings bank continued. All sume under a hundred dollars are being paid on demand.

4. May 24, 1893 Fort Worth Gazette Fort Worth, TX

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ELMIRA BANK FAILURE Elmira. N. Y., May 28.-The Elmira National bank closed its doors this morning. The bank's failure is the result of the recent financial troubles of Coloner D. C. Robinson. The bank examiners last week reported the bank perfectly solvent in case Colonel Robinson paid his obligations. If not. depositors would then be paid in full with small less to stockholders. The suspension of the Elmira National bank was caused by a run on the Elmira Havings bank bit the bank kept along doing business. and depositors all paid in full.

5. May 24, 1893 The State Chronicle Raleigh, NC

Article from The State Chronicle, May 24, 1893

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The Elmira National Closes Doors. By Southern Associated Press. ELMIRA, N. Y., May 23 -The Elmira National Bank closed its doors this morning. The bank's failure was the result of recent financial troubles of Col. D. C. Robinson. The Mutual Life Insurance Company of New York agreed to advance $750,000 to Colonel Robinson. The Company however decided last night to render no further assistance to the Colonel, and as he was a large creditor of the bank it was decided by the directors to apply to the Comptroller of the Currency for the appointment of a receiver Bank examiners last week reported the bank perfectly solvent in case Col. Robinson paid his obligations, if not the depositors then would be paid in full with small loss to stockholders. Jackson Richardson, President of the bank, says the depositors will positively be paid in full. Deposits in the bank amount to about $200,000.

6. May 24, 1893 New-York Tribune New York, NY

Article from New-York Tribune, May 24, 1893

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THE ELMIRA NATIONAL BANK CLOSED. ITS FAILURE SAID TO BE DUE TO COLONEL ROBINSON'S EMBARRASSMENT. Elmira, N. Y., May 23.-The Elmira National Bank closed its doors this morning The bank's failure is said to be the result of the recent financial troubles of Colonel D. C. Robinson. The Mutual Life Insurance Company of New-York agreed to advance $750,000 to Colonel Robinson, but decided that night to render no further assistance to him, and as he was 4 large creditor of the bank the directors concluded to apply to the Controller of the Currency for the appointment of a receiver. The bank examiner reported last week that the bank was perfectly solvent if Colonel Robinson paid his obligations; If not, the depositors would be paid in full with a small loss to the stockholders. Jackson Richardson, president of the National bank, says that the depositors will positively be paid In full. The deposits amount to about $200,000. The suspension of the Elmira National Bank caused a big run to be made on the Elmira Savings Bank. Hundreds of excited depositors crowded around the building all day, but the bank has kept on doing business, and the depositors will be paid in full. All amounts under $100 have been paid on demand. but the usual time allowed by law will be taken on all deposits over $100. Washington, May 23.-Controller Eckels received Information to-day that the Elmira National Bank, of Elmira, N. Y., had closed Its doors. He immediately ordered Bank Examiner Gatehell to proceed to Elmira and assume charge of the bank. The Controller has received no detailed information as to the failure.

7. May 24, 1893 The Representative Saint Paul, Minneapolis, MN

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Caused a Big Bank Run. ELMIRA, N. Y., May 24. - -The suspension of the Elmira National bank has caused a big run to be made on the Elmira Savings bank. Hundreds of excited depositors have crowded around the bank all day. but the bank kept right along doing business.

8. May 25, 1893 Richmond Dispatch Richmond, VA

Article from Richmond Dispatch, May 25, 1893

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Elmira's Business Difficulties. (By telegraph to the Dispatch.] ELMIRA, N. Y., May 24.-Mayor David c. Robinson this morning made a general assignment for the benefit of his creditors. making the Elmira National Bank, which closed its doors yesterday, a preferred creditor. The bank is in the bands of a bank examiner. The run on the Elmira Savings Bank continues. and all depositors having less than $100 are being paid. The Savings Bank may be able to pay every dollar. and the probability is that every dollar will be taken out. Schedule .. A" in the assignment places Colonel Robinson's indebtedness to the Elmira National Bank for overdrafts. his own paper and notes endorsed by him, at $258,000. Preferences outside of the bank aggregate $55,000. The filing of the assignment has created great excitement. and the county clerk's office is besieged by hundreds of people anxious 10 see the document.

9. May 25, 1893 Morning Journal and Courier New Haven, CT

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Made an A Assignment. ELMIRA, N. Y., May 24.-Mayor David C. Robinson this morning made a general assignment for the benefit of his creditors, making the Elmira National bank, which closed its doors yesterday, a preferred creditor. The run on the Elmira Savings bank continued to day, and all depositors having less than $100 were paid.

10. May 26, 1893 The Evening Herald Shenandoah, PA

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Run on the Bank Over, ELMIRA, N. Y., May 26.-The run on the Elmira Savings Bank, which was started by the failure of the Elmira National Bank, has pretty nearly ceased. The total amount diawn out is about $8,000, in sums of not over $100. It is not known how large an amount the fifty and sixty days notices call for to be paid at the expiration of that time, but it is probable that confidence will be fully restored and the depositors will allow their money to remain

11. May 26, 1893 Morning Journal and Courier New Haven, CT

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Ugly Rumors A re A float. ELMIRA, May 25.-The run on the Elmira Savings bank which was started by the failure of the Elmira National bank has pretty nearly ceased. The total amount drawn out is about $8,000. Excitement over Mayor Robinson's assignment continues unabated, and many ugly rumors in regard to his transactions are afloat. Some place his liabilities at over $1,000,000.

12. May 26, 1893 Waterbury Evening Democrat Waterbury, CT

Article from Waterbury Evening Democrat, May 26, 1893

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Run on the Bank Over. ELMIRA, N. Y., May 26.-The run on the Elmira Savings Bank, which was started by the failure of the Elmira National Bank, has . pretty nearly ceased. The total amount drawn out is about $8,000, in sums of not over $100. It is not known how large an amount the fifty and sixty days notices call for to be paid at the expiration of that time, but it is probable that confidence will be fully restored and the depositors will allow their money to remain.

13. May 31, 1893 The Enterprise Wellington, OH

Article from The Enterprise, May 31, 1893

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National Bank Closed. ELMIRA, N. Y., May 34.-The Elmira National bank closed its doors yesterday morning. The bank's failure is the result of the recent financial troubles of Col. D. C. Robinson. The Mutual Life Insurance Company, of New York, agreed to advance $750,000 to Col. Robinson. The company, however, decided Monday night to render no further assistance to the colonel and as he was a large creditor of the bank it was decided by the directors to apply to the comptroller of the currency for the appointment of a receiver. The deposits in the bank amount to about $200,000.

14. August 3, 1893 Eagle River Review Eagle River, WI

Article from Eagle River Review, August 3, 1893

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negroes and robbed of $7,500. COMMANDER WHITING, of the Alliance, and Miss Etta Ah Fong, of Honolulu, will be married in December. WHILE bathing in Rock River, near Rock Island, Ill., C. H. Bufordand Miss Fannie Sudlow were drowned. THE Chinese six companies will ask a rehearing before the United States supreme court of the Geary law case. THE courts have knocked out the Nebraska maximum rate law as practically confiscating all railroads in the state. SUIT for $1,900,000 for violation of contract has been brought by the Wiggins Ferry Company against the Alton road. A. G. MORGAN, Lexington, Ky., is made disbursing clerk of the bureau of engraving and printing at $2,000 per year. SENATOR HILL delivered an addresson "Personal Liberty" at the pienic of the Hop-Growers' Association at Rome, N.Y. FOURTEEN persons have been arrested charged with the murder of S. P. Bradshaw at Kingston, III. It was a whitecap outrage. THE British warship Triumph sailed from Malta for Portsmouth on Saturday with 300 survivors of the Victoria disaster on board. MATE GREENLEAF, of the ship Crapo, murdered a sailor on the voyage from Hong Kong to Boston. He avoided the Boston officers. IN attempting to release his impounded cows near Louisville, Edwin Graham shot Marshal A. J. Blunt and was in turn killed by the officer. MONTREAL'S mayor refuses to take part in a reception to officers of an Italian warship because the government is under the ban of the Vatican. Gov. WAITE, of Colorado, and Reporter Gaston had a hand to hand fight in Denver, the Governor attempting to eject Gaston from the executive office. SUIT is brought at St. Paul by the Metropolitan Trust Company of New York to foreclose a $3,220,000 mortgage on the Wisconsin, Minnesota & Pacific road. A STORY is told in connection with the failure of the Elmira National Bank, of Elmira, N. Y. After the failure, three notes aggregating $54,000 turned up among the assets. They were signed by three bank clerks without means and are worthless. Gov. FISHBACK, of Arkansas, is seriously ill. THE New York mills at Saco will shut down for five weeks. NEW ORLEANS-Chicago round trip rates have been cut to $12. FIVE persons committed suicide at New York on July 28. MINNESOTA Catholics gave a reception at St. Paul to Mgr. Satolli. STATE troops are under arms at Denver and sleep in the armory. THE Chamberlain National Bank. of Chamberlain, S. D., has failed. THE rail rate from New York to Chicago, first class, has been cut to $10. TREMONT and Suffolk mills at Lowell, Mass., will be operated on half time. THE Union Bank of Portland, Ore., has suspended. It is asmall concern. GEN. J. H. WALLACE, the well-known Union soldier, died at Ottawa, III., aged 67 years. FOUR cases of cholera and three deaths are reported at Naples in twentyfour hours. REPRESENTATIVE LYNCH is the first Wisconsin congressman to arrive in Washington. J. B. KILBRETH has been made collector and W. Y. Bunn appraiser at New York City. FIRE swept over the Catholic cemetery at Paterson, N. J., damaging many costly monuments. FULLY 200 people were made homeless by the flood at Pueblo, Col. The loss reaches $250,000. THE Union Indurated Fiber Company's works at Lockport burned. Loss, $80,000 to $100,000. THE Missouri authorities will prevent idle miners, coming east from Colorado, entering the former state. T. HARPER, colored, was lynched at Celera, Ala., because of an attempted assault on a white woman. THE E. W. Chapin Company, at Northboro, Mass., has assigned, owing $50,000. The company makes satinets. THE Louisville Clearing House Association decides to issue clearing house certificates to aid weak banks. CHARLES SNIDER, a young farmer of Hancock County, Ia., has mysteriously disappeared. Foul play is feared. IT is said that the refuse from the paper mill at Wabash, Ind., is killing thousands of fish in the Wabash River. C. W. CHOPIN & Co's bank at Stanton, Mich., closed with a crowd of depositors at the doors. No statement is made. DR. JOHNSON, of Chattanooga, charged with killing Chief of Police Mitchell, has been released. THE Emperor of Germany has gone to the Isle of Wight, where he will meet the Prince of Wales. H. A. BRINK shot J. Ray dead at Gutherie, O.T., because he would not

15. August 5, 1893 The Superior Times Superior, WI

Article from The Superior Times, August 5, 1893

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at Hornellsville, N.Y. have fatied. \ RECEIVER has been appointed for the Philadelphia Packing and Provision Company ATTORNEY GENERAL OLNEY was vis itor at Gray Gables, the President's summer cottage. WILLIE SHULTZ, aged 12 and Charles Bauer, aged 14. were drowned near Burlington, la. EIGHTY-THREE Maesachusetts banks decided to require the thirty day notice savings depositors. JUDGE HIGH F THOMPSON died at his home in Van Buren, Ark., from heat prostration and overwork. THE Eagle machine works at Indi anapolis passed into the hands of a receiver. The debts are $100,000. RETURN from school elections in Kan sas show an increase of nearly 100 per cent. in the vote cast by women NINE horses and a barn were de stroved by fire at LaPorte, Ind., entail loss of $40,000 to James Bunton. OFFICER JAMES A. ARVEY was shot and killed at Syracuse, N.Y by George A. Barnes, whom he was trying to an rest. DANIEL DALY was at San Francisco found guilty of manslaughter for hav ing shot and killed John J. Lawton May 7. F.A. LORING & leather dealers at Boston, have made an assignment The firm was considered strong in the trade M. J. MORIARITY, a large furniture dealer at Cleveland, O. has failed. His assets are about 850,000; liabilities not known. INFORMER FLECK, who was kidnaped in the interest of violators of the pro hibitory law regained his home at Pembina, N. D AGANG of Kuklux attempted to whip Lafavette Grimes at Dunlap, Tenn Grimes' sons fired into the crowd and three men were wounded SECRETARYCARLISLE declines to order the withholding of the demand for tax on whisky in bond. in accordance with the petition of many distillers. THE section of the Gearv law provid ing for imprisonment at hard labor has been declared unconstitutional by Federal Judge Ross, at Los Angeles For a few cents Joe Donnelly and Bill McKinney, of Thompson, Mo., beat Samuel Turner to death \ PITTSBURG bank building which was being remodeled fell at the noon hour and one workman was killed A PACIFIC EXPRESS wagon was held up the streets of Wichita, Kas. by three negroes and robbed of $7,500 COMMANDER WHITING, of the Alliance and Miss Etta Ah Fong, of Honolulu be will WHILE bathing in Rock River, near Rock Island. ill.. II Bafordand Miss Fannie Sudlow were drowned THE Chinese six companies will ask rehearing before the United States sn preme court of the Geary law case. THE courts have knocked out the No braska maximum rate law as practically confiscating all railroads in the state Suit for $1,900,000 for violation of contract has been brought by the Wiggins Ferry Company against the Alton road A.G. MORGAN Lexington, Kv., made disbursing clerk of the bureau of engraving and printing at $2,000 per year. SEXATOR HILL delivered an address on Personal Liberty' at the pienic of the Hon-Growers Association at Rome Y. FORRTEEN persons have been arrested charged with the murder of S.P. Brad shaw at Kingston, III. It was a white capontrage. The British warship Triumph sailed from Malta for Portsmouth on Saturday dis with 300 survivors of the Victoria aster on board. MATE GREENLEAF of the ship Crape murdered a sailor on the vovage from Hong Kong to Boston. He avoided the Boston officers Ixattempting to release his impound ed cows near Louisville, Edwin Graham shot Marshal A.J. Blunt and was in turn killed by the officer. MONTREAL'S mayor refuses to take part reception to officers of an Italian warship because in the government isunder the ban of the Vatican. Gov. WAITE. of Colorado, and Reporter Gaston had a hand to hand fight in Denver, the Governor attempting eject Gaston from the excentiveoffice SUIT is brought at St. Paul by the Metropolitan Trust Company mortgage of New York to foreclose $3,220,000 Pácitic on the Wisconsin, Minnesota & road. A STORY is told in connection with the failure of the Elmira National Bank. Elmira, N.Y After the failure.th 111 notes aggregating $31,000 turned among the assets They were by three bank clerks without means and are worthless Gov FISHBACK of Arkansas, is sert onsly ill THE New York mills at Saco will shut down for five weeks New ORLEANS-Chicago round trip rates have been cut to $12. FIVE persons committed suicide at New York on July 28. MINNESOTA Catholics gave a reception at St. Paul to Mgr. Satolli Den STATE TROOPS are under arms at over and sleep in the armory Bank THE Chamberlain National Chamberlain, S.P., has failed. Tue rail rate from New York $10. to cago, first class has been eut to TREMONT and Suffolk mills at time Lowe Mass., will be operated on half THE Union Bank of Portland, has suspended. It is small concern. GEN. J. 11. WALLACE, the well-known aged Union soldier, died atOttawa, III., years FOUR cases of cholera and thre deaths are reported at Naples in twenty ur hours. REPRESENTATIV Lynch is the first in Wisconsin congressman to arrive Washington. J. B. KILBRETH has been made lector and W. Y. Bunn appraiser at New York City the Catholic FIRE swept over N.J., damaging man terv at Paterson, costly monuments FULLY 200 people were made hom less by the flood at Pueble, Col. The reaches $250,000. loss Union Indurated Fiber burned ComTHE works at Lockport pany' $80,000 to $100,000. Loss. issouri authorities will

16. June 20, 1894 Morning Journal and Courier New Haven, CT

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bought a second-hand hearse in Boston and took it to his farm in Woolwich, Maine, intending to use the wheels for farm wagon and the body as a potato bin, has given up the notion. His neighbore, who thought his undertaking an uncanny one, made a bonfire of the hearse. The Delaware and Maryland peninsula is making ready for a great tomato crop, grown not so much for immediate consumption as for canning. Last year was bad tomato season, and it is expected that this will be a one. from year to year, the toes is larger good Thearea in and tomacost of production is lower. So, too, is the cost of canning, and the consumer may get at least part of the benefit of all this cheapening. The latest suggestion for a new design for a postage stamp is made by a Washington newspaper man, who thinks the national would be a approflag patriotic there and priate blazon. He says are out-ofthe-way parts of the country where people may be found who have never seen the flag and have no idea what it looks like, and he would remedy this state of affairs by having every letter carry the stars and stripes. His reasoning doesn't strike us as very good, but the flag idea does. Mrs. Philip Sheridan is said to be almost the only widow of a great war chief who has absolutely declined purses, funds and any such testimonials after his death, and to have resolutely opposed all offers from military societies and others who wished to erect his monument. She said she wished no other provision than General Sheridan had himself made for his family, and that the erection of his tombetone was too precious a duty to be assigned to any one else. A recent decision of the New York court of appeals that savings banks are preferred creditors is an important one. It is based upon the failure of the Elmira National bank, in which the Elmira Savbank had a deposit of of the savings ings The officers bank about demanded $50,000. The dethe amount as preferred creditor. mand was resisted on the ground that the savings bank had no standing in that resBut the court of to pect. appeals that the holds bank the contrary and directs must be paid in full. Complaints have frequently been made with to the many of Paris who a the regards guides, unreliability make living of by the more the ones showing particularly strangers sights nocturnal of the city, in the haunts of its less reputable quarters. It is said that some of these guides are in league with rogues and reprobates, who make it a to fleece and phare the profis the sight-seers point the too-confiding with guides. A petition has recently been presented to the municipal council asking that body to appoint a special set of guider, responsible to the authorities. It appears that there are others. In a recent address before the Geographical Society of Paris the African explorer Dyboweki made light of Mr. Garner's visit to Gorilla land. His story, which he said he obtained on the spot, is three months at a spent monastery; that Mr. Garner that his famous cage was set up in the edge of the forest, only twenty-eight minutes' walk from the mission; that Mr. Garner spent only three nights in the cage, and that no gorillas came in sight, though the boy who accompanied him thinks they heard them one night. Then, according to Dyboweki, Mr. Garner set out for the interior, was taken sick after two days, was laid up for two months and then went to England. The Philadelphia Record says that the more Pennypacker family probably than sent other soldiers to the civil war any family. Of he descendants of Hendrick Pannebecker, a Dutch surveyor, who came to before the year 144 Union or armies, were Pennsylvania in the Confederate 1700, and 27 of the 144 were commissioned officere, two of them being generals and four colonele. There were 103 soldiers in the Union army and 41 in the Confederateservice. These statistics are from Judge Pennypacker's biography of his anceator, which has recently been printed. Hendwas a surveyor the and their manors Penns, rick Pannebecker surveyed for roads and many of the townships and present of Montgomery (then Philadelphis) county. General Galusha Pennypacker was the youngest officer in the Union armies to attain the full rank of general, having been made a brigadier and brevet major general at the age of twenty-two.

17. July 6, 1894 Evening Star Washington, DC

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The Elmira National Bank. The controller of the currency has indicated to those interested in the resumption of the Elmira (N.Y.) National Bank, which suspended about a year ago, the conditions upon which the bank could resume, namely, the payment of the indebtedness of the bank in full, the payment of the capital 'stock in full and the redemption of all outstanding receiver's certificates. The receiver, examiner and Mr. Robinson, who is at the head of the reorganization scheme, are in conference, and it is expected that the conditions will be complied with.

18. September 14, 1894 Evening Star Washington, DC

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The Elmira National Bank. The controller of the currency has indicated to those interested in the resumption of the Elmira (N.Y.) National Bank, which suspended about a year ago, the conditions upon which the bank could resume, namely, the payment of the indebtedness of the bank in full, the payment of the capital 'stock in full and the redemption of all outstanding receiver's certificates. The receiver, examiner and Mr. Robinson, who is at the head of the reorganization scheme, are in conference, and it is expected that the conditions will be complied with.

19. September 14, 1894 The Evening World New York, NY

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# GOOD NEWS FOR ELMIRA. The Municipal Improvement Co. Will Soon Be on Its Feet. It is stated that the readjustment of affairs of the Elmira Municipal Improve-ment Company will soon be completed. The receiver is to be discharged and will be succeeded by Col. D. C. Robin-son, ex-Mayor of Elmira, who will be made President. Col. Robinson's personal solvency will be terminated with the aid of the Mutual Life Insurance Company, which will receive a bond for $1,000,000, indorsed by leading capitalists. The Elmira National Bank will also be enabled to resume business, $200,000 having been raised for its relief. It is said that the only need which the Elmira Municipal Improvement Company has for money is to make final payments on its electric power house, which cost $250,000.

20. September 14, 1894 The Evening World New York, NY

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GOOD NEWS FOR ELMIRA. The Municipal Improvement Co. Will Soon Be on Its Feet. It is stated that the readjustment of affairs of the Elmira Municipal Improvement Company will soon be completed. The receiver is to be discharged and will be succeeded by Col. D. C. Robinson, ex-Mayor of Elmira, who will be made President. Col. Robinson's personal solvency will be terminated with the aid of the Mutual Life Insurance Company, which will receive a bond for $1,000,000, indorsed by leading capitalists. The Elmira National Bank will also be enabled to resume business, $200,000 having been raised for its relief. It is said that the only need which the Elmira Municipal Improvement Company has for money is to make final payments on its electric power house, which cost $250,000.

21. September 14, 1894 The Evening World New York, NY

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# GOOD NEWS FOR ELMIRA. The Municipal Improvement Co. Will Soon Be on Its Feet. It is stated that the readjustment of affairs of the Elmira Municipal Improve-ment Company will soon be completed. The receiver is to be discharged and will be succeeded by Col. D. C. Robin-son, ex-Mayor of Elmira, who will be made President. Col. Robinson's personal solvency will be terminated with the aid of the Mutual Life Insurance Company, which will receive a bond for $1,000,000, indorsed by leading capitalists. The Elmira National Bank will also be enabled to resume business, $200,000 having been raised for its relief. It is said that the only need which the Elmira Municipal Improvement Company has for money is to make final payments on its electric power house, which cost $250,000.

22. September 15, 1894 New-York Tribune New York, NY

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12mo. $1.50. Sold by all booksellers, or sent, postpaid, by CHARLES SCRIBNER'S SONS, 153-157 Fifth Avenue, New-York. GETTING ELMIRA TROUBLES IN SHAPE. THE PLAN VIRTUALLY ARRANGED FOR RESUSCITATING THE MUNICIPAL IMPROVEMENT COMPANY AND THE ELMIRA NATIONAL BANK. It is understood that arrangements are about completed for the restoration to solvency of the affairs of Colonel D. C. Robinson, ex-Mayor of Elmira, and the consequent resuscitation of the Elmira Municipal Improvement Company and the Elmira National Bank. The negotiations referred to in yesterday's Tribune have been successfully concluded, and only detail mattens remain to be adjusted. It is said by well-Informed persons that Colonel Robinson has arranged to give the Mutual Life Insurance Company a bond for $1,000,000, guaranteed by certain eapitalists, whose names are withheld, which will put him upon his feet. The reorganization of the Municipal Improvement Company will follow as a matter of course. The company is considered to be virtually solvent, but its affairs were so mixed up with the personal affairs of Colonel Robinson that his embarrassment caused its suspension. The company only owes some final payments on its electric carhouse, which cost some $260,000. and it can arrange its debts 80 as to be relieved of the present receivership. Upon the discharge of the receiver Colonel Robinson will resume control of the management as president. The arrangement contemplates the resuscitation of the Elmira National Bank. It will receive $200,000 to make good its impairment of capital, which is now already in hand, contributed by persons identified with the institution.

23. March 6, 1895 The Indianapolis Journal Indianapolis, IN

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# AN IMPORTANT CASE. It Involves the Validity of State Laws as to Preferential Claims. WASHINGTON, March 5.--The Supreme Court of the United States to-day heard ar- guments in the case of Chas. Davis, plaintiff in error, vs. the Elmira Savings Bank. The case involves the question as to whether the claims of savings banks shall have preference over other claims on national banks which have failed and involve large interests. It appears that at the time this case was in the Court of Appeals, in May last, there was more than $18,000,000 of sav- ings bank deposits in national banks in New York alone. Nearly all the States have laws giving various preferences in the ad- ministration of the assets of the insolvent banks. There are in the charge of the Controller of the Currency the assets of more than one hundred national banks in process of administration. Suits have been brought in other States on such preferential statutes, and more are threatened. The moneys realized from the assets of these failed national banks are in the treasury awaiting distribution by the Controller to the creditors of the different banks, and the United States is a creditor. The decision in the present case will, when made, deter- mine what shall be done in all similar cases with such moneys, and will not only affect the savings banks, but the depositors of the failed national banks as well. There is apparently a conflict between the State law of New York and the congressional statute bearing on the question, as there is between the national law and laws of the various States. The Supreme Court of New York and the Court of Appeals of that State have both held, in the case now before the Supreme Court of the United States, that the State law was valid, and that the savings banks was entitled to a prefer- ence in the settlement of the affairs of the Elmira National Bank, in which the funds of the Elmira Savings Bank were deposited, and of which Davis, the plaintiff in error, is receiver. The argument in the cases involving the constitutionality of the income-tax law will be heard in the United States Supreme Court to-morrow. There are three such cases on the court docket, namely, those. of J. G. Moore for an injunction against the collector of internal revenue; of Charles Pollock vs. The Farmers' Loan Company et al., and of Louis Hyde vs. The Trust Company, all of which have been ad- vanced and passed together. Attorney-gen- eral Olney has announced his intention to represent the government personally.

15086. Elmira National Bank (Elmira, NY)

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