62f3545fFull suspension
Other: Embezzlement by cashier discovered; receiver appointed and bank liquidated.
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Bank at Lockport Closes. The Merchants' Bank of Lockport, N. Y., closed its doors yesterday morning. It is thought that the assets will cover all liabilities and there is no evidence of any crookedness. The suspension has caused intense excitement and crowds surge about the closed doors.
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Financier Arrested. LOCKPORT, N. Y., Oct. 11.-John J. Arnold, cashier of the Merchants bank here, which suspended recently, and Niagara county's treasurer, is under arrest charged with uttering forged paper for $1700 and on the charge of grand larceny in the first degree in appropriating $85,000 from the bank.
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BRIEFLY TOLD. Fishing schooner Pioneer of Gloucester, with a crew of eleven men has been given up for lost. Schooner Anita, lumber laden, Bangor for New York, has been towed into Hyannis, full of water. The L. and C. Wise company of New Jersey, dealing in boots and shoes, has been placed in the hands of a receiver. The paid admissions to the world's fair on Chicago day numbered 713,646. By various accidents, six persons were killed and many others injured. John Jacob Arnold, cashier of the Merchants' bank at Lockport, N. Y., which suspended recently, and Niagara county treasurer, is under arrest charged with uttering forged paper for $17 and appropriating $35,000 from the bank. A baby Caribou from Maine is the latest addition to the company playing in the extravaganza of Venus at the Park theatre, Boston. The October report of the state seal department of the department of agrículture makes cotton show a decline of 2.7 points from the September condition, which was 73.4 as against 70.7 for this month. Gen. T. W. Hyde is quoted as saying that New London people in order to secure the removal of the Bath Iron works to that city must erect a $600,000 dry dock. For the use of this the iron works will pay rental. A site and wharves for the works representing an outlay of several hundred thousand dollars will also be necessary. The statement is repeated with details, that a compromise on the silver bill is within sight and that it has been ascertained that in case unconditional repeal should be found impossible, the President might give his approval to a measure of the kind now indicated. Opinions as to the probable length of the continuous session vary, the majority agreeing, however, that forty-eight hours will see an end of the struggle.
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Two Serious Charges. LOCKPORT. N. Y., Oct. 11.-John J. Arnold, cashier of the Merchants bank here, which suspended recently, and Niagara county's treasurer is charged with uttering forged paper for $1700 and grand larceny in the first degree in approprio ating $35,000 from the bank.
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He Uttered Forged Paper. LOCKPORT, N. Y., Oct. 10.-John Jacob Arnold, cashier of the Merchants' bank here, which suspended recently, and Niagara county treasurer, is under arrest charged with uttering forged paper for $1,500 and appropriating $3,500 from the bank.
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Cashier Arnold In Jall. LOCKPORT. N. Y., Oct. 11.-John Jacob Arnold, cashier of the Merchants' bank here, which suspended recently, and Niagara county's treasurer, is under arrest charged with uttering forged paper for $1,700 and on the charge of grand larceny in the first degree in appropriating $35,000 from the bank. The directors of the bank are his accusers.
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DOMESTIC. All cotton gin houses in the vicinity of Grenada, Miss., have been posted by white caps, warning the owners not to gin any cotton until the price reaches 10 cents a pound. John Jacob Arnold, cashier of the Merchants' bank of Lockport, N. Y., which suspended recently, is under arrest charged with forgery and appropriating $35,000 from the bank. On Monday, Chicago day, there were 713,646 paid admissions to the World's fair-the largest number during the season. There were many accidents on the cars, four resulting fatally. There are now 209 officially reported cases of yellow fever under treatment at Brunswick, Ga.; 93 cases in all have been dismissed as cured, and there have been 18 deaths, making a total number up to date of 320. The trustees of the New Hampshire college of agriculture and mechanic arts at Durham have sent a letter to the State board of agriculture, in which they say that dead languages will not be added to the course of study. The grand jury at Minneapolis has, it is understood, indicted L. F. Menage, the president: W. S. Streeter, the vicepresident, and S. M. Houghton, superintendent of loans of the burst Northwestern Guaranty Loan Co. The president and cashier of Morshon & Co.'s bank at Vermont, III., were arrested on Saturday on a charge of embezzling $200,000. The bank failed a year ago. It is alleged the amount taken was drawn from the depositors. The rivalry among brewers to obtain
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LIABILITIES $201,000. Statement of the Condition of Lockport's Bursted Bank. LOCKPORT, N. Y., Oct. 14. - At a meeting of the stockholders of the broken Merchants' bank the directors reported that the liabilities are $201,000; good assets, $176,000. Not included in the assets mentioned are $123,000 of paper thrown out by the examiner. Some of this paper is forged, but it is believed that enough will be collected on the rest to pay the receiver's fees. Depositors will be paid in full, but this will absorb the stock and may subject the holders to an assessment of not more than 25 per cent.
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Lockport's Wrecked Bank. EUFFALO, Oct. 17.-Judge Green bas appointed William C. Greene, of Lockport, receiver of the wrecked Merchant's bank of that city.
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Penn at Hyndman, Pa Bank at Albany. Mo Oliver Iron & Steel company of Pittsburgh, Pa.; $700,000 Standard Wagon company at Cincinnati: $700,000. Aug 25-Ford county and First national banks at Paxton, III. Aug. 22-Samuel W. Clark, lumber dealer of Zanesville, O.: $1,500,000. Aug. 24-Navarro Mill company in San Francisco, $1,000,000 Dillon national bank at Helena, Mont Aug. 28-First national bank of York, Neb George C. Cribb, dealer in agricultural implements in Milwaukee; $600,000. Aug. 30-Nicaragua Canal Construction company of New York. Sep 1-Equitable Mortgage Ca of Missouri, at New York: $19,000,000 Denver (Col.) savings bank; $670,000. Sep. 18-Crippen. Lawrence & Co., Denver loan concern: $1,000,000. Sep. 19-Mast. Bufford & Burwell Carriage company at St. Paul: $1,200,000. Oct. 6-Merchants' bank of Lockport, N. Y. Oct. 18-National bank at Hutchinson, Kan., $135,000. Nov. 1-James C. Savery. proprietor of the largest hotel in Iowa, assigned at New York; $1,000,000. Nov. 22-American Casualty company in New York; $1,700,000. Dec. 11-Receivers appointed for agricultural implement establishment of C. Aultman & Co. at Canton, O.: $1,000,000. Dec. 15-Crane Iron company of Philadelphia; $700,000. Dec. 21-St Nicholas bank in New York. Dec. 23-Bank of Greensburg, Kan Other banking houses that succumbed to the financial troubles of the year were as follows: Capital national. Lincoln, Neh: State bank, Wahoo. Neb.: U. S. Banking company, Gervais, Ore: Bank of commerce. Nashville, Tenn.: Northwestern state bank. Sibley, la Central savings bank, Lansing, Mich.; Bank of Milbank, S. D.: First national bank, Ponce, Neb.; Ingham county savings bank, Lansing, Mich.: Second national bank, Columbia, Tenn.: Bank of Salem, S. D.; Kissamee (Fla) city bank: Bank of the Carolinas, Florence, S. C.: First national bank, Cedar Falls. Ia: Citizens bank, Minneapolis, Minn.: Bank of Zumbrota. Minn.: Evanston (III.) National bank: Oglethorpe national bank and Brunswick national bank, Brunswick, Ga.: Farmers' state bank, Brooklyn, Mich.; Brunswick (Ga.) state bank: Bank of Puyallup, Wash: National bank of North Dakota, Fargo: White county bank. Beebe, Ark.: Potter's bank. Paulding, O.; Merchants' national bank. Fort Worth, Tex.: Savings bank. Sandusky, 0.; State bank, Cortland, Neb.: Bedford (Ind.) bank: City bank, Carbondale, Ill.: Deflance (O.) savings bank: State bank, Manitowoc. Wis: Bank of Two Rivers, Wis.: New Albany (Ind.) Banking Co.; Shell Lake savings bank, Washburn, Wis.: banks at Mascoutah. Ill. Hudson, Wis., Ellenburg, Wash., Missoula, Mont. Gillespie, III: Park City bank at Salt Lake City; McCague savings bank at Omaha. Neb.: bank at Everett, Wash.: Riverside (Cal) Banking company; banks at Lebanon and Albany in Oregon, and Hanover. N. C: bank a: Ridgeway, Me Columbia bank at New Whatcom. Wash: Cataract bank at Niagara Falls, N. Y.; Sabina(O bank: First national bank of Provo. U.T.: Chaffee county bank at Salida. Col.; First national at Phillipsburg, Mont: First national bank of Cisco, Tex.: Jefferson county bank at Bolden, Col: Everett (Wash.) national bank; Arkansas state bank of Stuttgart; Arkansas Farmers' and Traders' bank at Dewitt: Somerset county bank at Trenton, N. J.; State bank at Shubert, Neb: Holt county bank at O'Neil, Neb.; First national bank of Cedartown. Ga.: Bank of Sterling and Bank of Loveland, Col.: Hutchinson (Kan.) national bank; Bank of Parker, Kan.: Woodson bank of Yates Center, Kan.: First national bank of Harrisonville, Mo.; First national bank of Anthony, Kan.: Bank of Belleville, Kan: First national bank. at Cheyenne, Wyo.: First national bank at Canyon City, Col: Union bank at Greeley, Col.; Bank of Crested Butte, Col.: Traders' bank at Tacoma, Wash.: Plainview (Neb.) state bank: First national at Orlando, Fla: Tacoma (Wash.) national bank; National bank of the Commonwealth and Bank of New England at Manchester, N. H.; Commercial national. Ainsworth national and Portland savings banks at Portland. Ore.: Ex-
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Wire News in Brief. The Marine Fire and Insurance Bank, of Milvaukee, better known as the Mitchell Bank, which closed its doors last July, has reopened for business. George Poindexter Fanford. prominent in Michigan politics and Grand Army circles, died at Lansing last night. He was editor and proprietor of the State Democrat and ex-Postmaster. R. B. Ogilvie & Co., of Madison. Wis., drygoods dealers. went into the hands of a receiver yesterday. Obligations aggregated $50,000; assets nearly as much A farmer named Johnson was shot and instantly killed last night near Springfield, Mo. while resisting arrest. He was caught stealing. Henry M. Rice. one of the first Senators of Minnesota, died at San Antonio, Tex., yesterday, aged seventy-eight years. Joseph Arnold. of Lockport, N. Y., a brother of the defaulting ex-County Treasurer J. J. Arnold, confessed judgment yesterday to the amount of $17,217.85 to W. C. Greene. temporary receiver of the Merchants' Bank, of Lockport. The Sheriff of Genesee County yesterday levied on the buildings of the once famous Ingham University to satisfy a judgment of $20,000, secured on the foreclosure of a mortgage. Brinkerhoff's grocery, Mack's jewelry store and Jones's furniture store, at Red Creek. near Use wego, were destroyed by fire yesterday. Loss $13,000.
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Arnold Helped His Brother. LOCKPORT, N. Y., Jan. 16.-Joseph Arnold of this city, a brother of the default ing ex-county treasurer, J. J. Arnold, confessed judgment to the amount of $17,217.85 to W. C. Greene, temporary receiver of the wrecked Merchants' bank of this city.
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Arnold Helped His Brother. LOCKPORT, N. Y., Jan. 16.-Joseph Arnold of this city, a brother of the defaulting ex-county treasurer, J. J. Arnold, confessed judgment to the amount of $17,217.85 to W. C. Greene, temporary receiver of the wrecked Merchants' bank of this city.
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Lockport Bank Men in Trouble. Lockport, N. Y., February 9.- - -Dr. J. H. Helmer, vice president of the defunct Merchants' bank of this city and a prominent citizen, was today indicted for perjury in connection with the affairs He was arrested and adof the bank. mitted to bail. The cashier of the bank, J. J.Arnold, is now in jail and will be tried next week for perjury and embezzlement. His shortage exceeds $100,000. The bank is in the hands of a receiver.
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PERJURER AND DEFAULTER. A VICE-PRESIDENT AND A CASHIER OF A LOCK PORT BANK IN THE TOILS. Lockport, N. Y., Feb 9.-Dr. J. H. Helmer, vice-president of the defunct Merchants' Bank of this city, was this afternoon indicted for perjury in connection with the affairs of the broken bank. He was arrested, arraigned and admitted to bail this evening. The cashier of the bank. J. J. Arnold, is now in jail and will be tried next week for perjury and embezzlement. His shortage exceeds $100,000. The bank is in the hands of a receiver and is in liquidation.
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AFTER THE LOOTERS. Prominent Officials of a Defunet Lockport Bank Are Arrested LOCKPORT, N. Y., Feb. 9.-Dr. J. H. Helmes, vice president of the defunct Merchant's bank of this city, and a prominent citizen, was this afternoon indicted for perjury in regard to the affairs of the broken bank. He was arrested, arraigned and admitted to bail this evening. The cashier of the bank, J. J. Arnold, is now in juil and will be tried next week for perjury and embezzlement, His shortage exceeds $100,000. The bank is in the hands of a receiver and is in liquidation.
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NEWS NUGGETS. Brought by the Wires from the North. East, South and West. The early passenger train on the Lehigh Valley Railroad struck and instantly killed two Hungarians near Mahoney City, Pa. Anarchist warnings were found pasted on residences of Chauncey M. Depew, W. K. Vanderbilt, Mrs. Drayton. sister of John Jacob Astor, and others at New York, Friday. The Stuyvesant Safe Deposit Company of New York has taken proceedings for a voluntary dissolution. The directors say they want a dissolution because business has fallen off 80 that it is no longer profitable. TI plant of the Ute Pass Paint works, Colorado City, Col., the largest of the kind west of the Missouri river, was burned Friday. Machinery and buildings were valued at $150,000. with $20,000 ia8 rance. Patrick Egan, section hand on the New York & New England Railroad, was found d ad, frezen to the ground, under a trest'e work at East Hartford, Ct., Friday. Egan was 30 years old and had a wife and two children. It in supposed he was walking home on the track when run. over by a freight train. United States Judge Butler, at Philadel phis, Fritay, was appointed a receiver for the Signia Iron Company. The authorized capital stock is $5,000,000, of which $220.000 was paid in. Available assets, about $100,000; floating debt, $185,000. Among the tiabilities was an issue of $500,000 debenture bonds. Dr. J. H. He!mer, vice president of the defunct Merchants Bank of Lockport, N. Y., was, Friday. indicted for perjury in connection with the affairs of the bank. He was arrested and admitted to bail. The cashier, J.J Arnold, now in juil, will be t a next week for perjury and embezzlement. Ilis shortage exceeds $100,000. Captain W. F. Drake of the schooner Annie G. Chase was found dead in Lisbunk at Jacksonville, Fla., Friday, a pistol by lis side and a hole through his head. Thursday the schooner was libelled by the South Kilby Railread Supply Co. Anni ton. The captain delivered a cargo of railroad iron, sent to Traders' Hill, Ga., to be delivered on shipper's order, without these orders. The concern to which the e T20 was delivered broke, hence the libel suit of the shippers. The cargo was valued at $6000. Captain Drake's mistake drove him to death.
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Bank Officials Arrested. LOCKPORT, N. Y., Feb. 9.-Dr. J. H. Helmer. president of the defunct Merchants' bank of this city, and a prominent citizen, was to-day indicted for perjury in connection with the affairs of the bank. He was arrested and admitted to bail. The cashier of the tank, J J. Arnold, is now in jail, and will be tried next week for perjury. His shortage exceeds $100,000. The bank is in the hands of a receiver.
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CONDENSED NEWS 0 THE DAY. Brief. Domestic News Seven colored men were logged in New Castle, Del. Two girls tried to blow Logan County, III., jail with dynamite. Chicago clothing manufaurers say business is improving rapidly. Russian Prince Galitzin soke in Washington of his wish to help Siberan convicts. Burglars bound Night Oerator Church in the Ohio & Mobile railway nation at Sparta, #28. III., and robbed the safe. 'hey secured NaJohn W. Love, cashier o the First tional Bank, Watkins, N. Y. has disappeared He with $50,000 of the funds ofthe bank. was of the leading menof the town. used torail the passengertrain ou the who The one wrecked bloodbounds the caused the persons M., K. T. R.R. near Housto, Tex., talked arrest of four negroes. wnching 18 of. The survivors of the prisoners in Libby assoPrison during the war here formed an Hobart ciation in Chicago with Gen. W. H. buildas president. They visied the prison ing before the meeting The contract for building the Southern Missis- Paroad's great steelbridge over the to cifle at New Orleans his been awarded at sippi the Phoenixville, Pa., Bridge Company a cost of $5,000,000. A cyclone struck Por Hudson. La., demol- trees a number of houses, uprooting killed ishing leveling fences, One child was colored and and fourothersinjured number of people were injured. Regarding Mr. Childs' wealth and plans Phila- a qualified te speak said at gift gentleman Pa. : Mr. Childs made his Hg delphia. while he lived. His estate will probably ure about $5,000,000. The Stuyvesant Safe Deposit Company the 811- of York has taken proceedings in The New court for a voluntary dissolution. off so preme directors say that business has fallen that it is no longer profitable. The body of an unknown young man chil- was near Upper Darby, Pa.. by some point found The surrounding circumstances wound to dren. murder and robbery. A bullet through the heart caused death. mission-house and schools at Okla. AnaThe in the Cheyenne Reservation. Indian s darko, been burned. The teachers and lives. All have scholars barely escaped with their declothing. furniture. books. etc., were , stroyed. United States marshals, made raid asDeputy by secret service officers. capf sisted a counterfeiting den in Brooklyn, making of : tured upon H complete outflt for the spurious coin nnd arrested four persons. i Mrs. Mary Lease has won her case Governor in the I court, which decided that member of supreme cannot remove her as a of which Lewelling Kansas state board of charities, unan s the she remains president. The court was imous in its decision. I wind of almost cyclonic velocity church rage t A Miss. A colored some : over Vicksburg schoolhouse, was blown down. were used as a being in the building. Three No other 20 seriously pupils and one fatally injured. casualties are reported. 1 e schooner Bangor arrived at San Fran He The Cal. 15 days from Honolulu. Honolulu e cisco. reports everything quiet 1st there g captain that it is génerally understood further in 0 and says Minister Willis is awaiting that structions from President Cleveland. it J. H. Helmer. vice-president of the N. de Y. A Dr. Merchants' Bank of Lockport, for per 0 funct prominent citizen. was indicted affairs of th and a in connection with the to bail jury He was arrested and admitted is nov r bank. cashier of the bank. J.J. Arnold, and em The and will be tried for perjury $100,000 1 bezzlement. in jail His shortage exceeds t. The bank is in the hands of a receiver.
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SPARKS FROM THE TELEGRAPH. Princess Colonna and party arrived in Sacramento yesterday morning and lett later for Del Monte. The Midwinter Exposition in San Francisco has been open just one month. during which time a half million people have passed through the turnstiles. A fire in Springville, Erie county. about midnight on Wednesday night, laid waste an entire block of build. ings. including the Post Office. The loss LS estimated at $50,000. The Post Office. in the Opera House building in Fort Edward. N, Y., was entered by burgiars on Wednesday night. The safe was blown open, and $700 in stamps and currency stolen. The receivership for Wallace & Sons of Ansonia, Conn. who suspended with liabilities of more than $1 $1.000,000, has been vacated by the courts. Settlement was made at 60 cents on the dollar. Superintendent Z R. Brockwav of the Elmira Re: form atory 14 the defendant in an action to recover $20,000 damages. brought by Charles W. Boas of Roch. ester for injuries received while an ininate of that stitution President J. 8. Helmer of the wrecked Merchants' Bank of Lockport. N. Y., who was arrested on Monday, yesterday waived examination and Kave ball in the sum of $3,000.10 await the action of the April Grand Jury. He is charged with complicity in the wrecking of the bank. The bod. of . man was found frozen in the ice in the river. near the Hudson Valley Ice Company's house. on Van Rensselaer Island. south of Albany, vestorday morning There was notbing in the pockets of the deal man by which he could be identitied. ID# police believe it to be & case of suicide.
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NEWS BOILED DOWN. The Waco (Tex.) Globe was to day sold to J. R. Bennett. proprietor of the Evening News. At Mount Sterling. Ky., Judge ,1. M. Van Ardsel accidentally took carbolic acid and died from the effects. The Grand Army View hotel at Atlantic Highlands. N. J., was burned to the ground to-day. Loss, $100,000. The Democrats of the Twentyeighth New York congressional dis trict to-day nominated Eli McConnell of Penn Yan. At Lockport, N. Y., the jury in the case of the people VS. J. S. Helmer, of the wrecked Merchants' bank, brought in a verdict of guilty. Charles H. Boggs. formerly cashier for Naylor & Bros., iron and steel brokers, New York. was arrested, charged with the larceny of $20,000. The national convention of the Brewery Workmen's association ended at Cleveland to-day with the reelection of A. Aursenknabe and Chas. Bechtold of St. Louis as national sec. retaries. At Fall River. Mass.. the Seaconnett mills are running with a slight increase in the number of operatives to-day, and the Durfee continues with a full force. Otherwise there is no change in the strike situation. Robert P. Thompson, aged eighty five, died at Cincinnati to-day. He had been connected with the Western Methodist Book concern over sixty years, and was its superintendent until he retired five years ago. John Van Ess of Chicago was ar rested at Saginaw, Mich., late yesterday afternoon. He is wanted for robbing the wholesale firm of F. M. Sproehule & Co. of Chicago of $2,000 worth of jewelry. Among the passengers on the steamer Paris, which arrived at New York to-day, were George B. Roberts and family, Claus Spreckles and family, William Rockefeller and family and Second Mate Haff with thirteen mem bers of the yacht Vigilant.