15542. Bull's Head Bank (New York, NY)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
state
Start Date
March 20, 1873
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
abf40a42

Response Measures

Capital injected, Full suspension, Books examined

Other: Stockholders/depositors agreed to increase capital / take preferred stock to cover deficiency; receiver appointed; marshal seized property.

Description

Multiple contemporaneous articles (Mar 20-22, 1873) report a defalcation by officers, the bank's suspension, crowds of depositors around the building, appointment of a receiver, and later reorganization with capital subscriptions and reopening (Apr 23, 1873). Cause is a bank-specific embezzlement/defalcation rather than rumor. OCR in some items distorted names/spelling (e.g., 'Buil's'/'Bull's'), corrected here.

Events (6)
1. March 20, 1873 Run
Cause
Bank Specific Adverse Info
Cause Details
Public discovery/reports of large defalcations by officers led depositors to crowd and attempt to withdraw funds.
Measures
Bank officers refused to admit insolvency; police placed bank in charge; examination of books began.
Newspaper Excerpt
The failure of the Bull's Head Bank on becoming known attracted a crowd of depositors around the building who made strenuous efforts to obtain an entrance.
Source
newspapers
2. March 20, 1873 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended payments because defalcations/embezzlement by officers had seriously impaired capital and books were mutilated or missing entries were found during examination; estimated loss initially ~$200,000–$340,000 in later reports. Receiver later appointed or courts involved in seizure of property. 
Newspaper Excerpt
The Bull's Head Bank of New York city suspended yesterday, owing to the 'defalcations' by some of its officers.
Source
newspapers
3. March 21, 1873 Other
Newspaper Excerpt
Isaac H. Bailey is appointed Receiver of the Bull's Head Bank.
Source
newspapers
4. March 22, 1873 Other
Newspaper Excerpt
A motion was made ... efforts were made to put the Bull's Head Bank into the hands of a receiver. Ex-Judge James Emott finished his report finding over $200,000 stolen; recommendations to place the bank in condition to resume business.
Source
newspapers
5. March 26, 1873 Other
Newspaper Excerpt
Committees of depositors and stockholders agreed to increase the capital stock and allow depositors to take preferred stock to make full the amount of the deficiency, placing the bank in working order again.
Source
newspapers
6. April 23, 1873 Reopening
Newspaper Excerpt
The Bull's Head Bank resumes business on Wednesday next... The bank will be open at the usual hour this morning, when all demands will be paid in full. The Bull's Head Bank to Resume; The Bank To Be Opened This Morning.
Source
newspapers

Newspaper Articles (22)
1. March 21, 1873 New Orleans Republican New Orleans, LA
Article from New Orleans Republican, March 21, 1873

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WHOLE NUMBER 1825. at St. Thomas on the fourteenth; two of the H. crew had died of the yellow fever. A heavy defalcation at the Buil's Head Bank is reported. Its capital is $2,000,000, It had no direct connection with the Clear INTS inghouse. The bank is closed and in charge of the police Crowds of depositors sure round the building. IONS A person named fcDonald was atrested upon the arrival of the Thuringia as s forger upon the Bank of England. McDon® TION ald had money, diamonds and other value ables, but alleged there was gross miss take. The car-hook murderer's (Foster: family TION left by to-day's steamer for Earope. 11: children, at his request, have not been ato lowed to see him since his incarceration. GER Foster's counsel are making a final effort to delay his execution on the ground that reprieve requires a resentence, IRO Thomas J. Blackwell, it dry goods mere ehant of Elberton. Georgia, while en route to New York, left a friend, when the train was at Wilmington, Delaware, Tuesday, to RA go in the smoking ear, and has not since been heard of. He had considerable money in his possession at the time, ONS The Guard, with one thousand packages for the Vienna Exposition, saits to-day. Dispatches from Chigago and Miami 180 port that very heavy snows have recently fallen. ONE The Tennessee Legislature has passed a bill allowing local authorities to decide the question of tippling houses. The Governor FICE will sign the bill. Bloodgood & Osterman's eiastic beiting factory. in Brocklyn. burned. Loses UBA $60,000. The advance in pork is attributed to the demand from Europe, to make bacon for NED army food, The schootier Joseph Farland, reported lost with all on board, is safe at Rockland. ENTS Evening.--Sixes of 1881, 118%; live-twen ties of 1862, 115 1/8; of 1864, 115% of 1865 116% new 114 % of 1867, 116 % of 1868 Bill 116 1/4; new fives, 113; ten-forties, 11034. Tennessee sixes 85, new 85; Virginia sixes 44, new 51, consolidated 561/4, deferred SAS 14; Louisiana sixes 45, new 45, levee sixes 4.00 eights 85; Alabama eights 80, tives in Georgia sixes 70, sevens 88; North Carolinait 30, new 17, special tax 13; South Carolina ONS 35, new 17. April and October 19. Money active but stringent. The buTi of business on call loans at 1.16 per diene XEN Late in the evening an easier feeling pres vailed; closing loans were 7 for gold. Exo change very dull at 8 to 18. Gold opened at 115% fell to 115 1/2, rallied to 115% and closed steady at 115 1/2 a 115% Loans Caldranged from 4 to 7 gold for carrying. -He The suspension of Bull's Head Bank cre enaated considerable excitement in business Seorcircles this afternoon. Willets, the cashier tors admitted that a defalcation had occurred is Offthe clerical department which made it abs asey solutely necessary to suspend payment. He thought depositors would not suffer to wing any great extent, but that the stockholders would be heavy losers. y the The probable loss will be $200,000. Cape genital stock of the bank, according to last ree rker, port, was $700,000, and its surplus $90,000 r, as ct of The deposits issued are about $1,300,000 : for Last year a dividend of sixteen per cent colwas paid to the stock holders. Lately the inia; stock has been quoted at $180. Three et of years ago the price was $252. first MacDonald, the alleged forger, arrested colon the steamer Thuringia to-day, was Carobr ought be ore United S a es Commission as Osborne this alterneon. the prisoner asked cus; at for an adjournment until Tuesday, whisk altiwas granted, and he was committed. ittaJoseph F. Randolph, ex-Congressma and ex-judge of the Supreme Court of New Jersey, 18 dead. made BalMajor phen II. Webb. formerly of the 1 in regular army, a son of the late General Var Webb, of the revolutionary army, died at at Jacksenville, Florida, 08 the fourteents instant. the Samuel Joseph Philipson. charged win Mr. forgerice of Manchester (England) drafts to no the amount of £1200. was arrested in are Brooklyn to-day. He will be sent back is the England Saturday on the steamer Baltio. Arrived--Thuringia, Virginia, Cuba and r of Pahayra. Arrived out-Caledonia and Marie. man

2. March 21, 1873 Wilmington Daily Gazette Wilmington, DE
Article from Wilmington Daily Gazette, March 21, 1873

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The Bull's Head Bank of New York city suspended yesterday, owing to the "defalcations" by some of its officers. According to the last report of the bank its capital stock was $200,000, and its surplus $90,000. Its deposits are reported at $1,300,000. The loss is estimated at $200,000.

3. March 21, 1873 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, March 21, 1873

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NEW YORK CITY. New YORK, March 20.-There is nothing new in reference to the apprehended strikes among the working. men. The Journeymen Wood Carvers' Union held a general meeting last evening, but the subject of strikes was not considered. At the semi-monthly meeting of the Workingmen's Union last evening, the resolutions recently adopted by the EmProtective and ployers' unyielding absolute Association, opposition declaring to the demands of the Trades Unions, were reterred to a Committee for consideration. No further action was taken, but several of the members asserted that there would be general strikes within a couple of months. A medical college here graduated ten female doctors this week. A number of laborers on the Harlem Railroad near Harlem, recently demanded higher wages. Their places were supplied by non-society men from the neigh. boring States. Some trouble was apprehended, but the strikers did not interfere. It is said that the recent advance in the price of pork here is owing to the heavy demand from the larger and wealthier countries of Europe for pork to be converted into bacon for army food. The fact that one or two houses in this city hold great quantities of pork here has given rise to rumors of an intended corner, but no well founded statement on the subject is made. An Erie official interviewer says the legislative investigation will disclose nothing. which has not been already published. Hints had heretofore been sent from Albany that the investigation could bestopped if the Erie people wanted it, which was interpreted to mean money. It is stated that the Bulls-head bank of this city, suspended this morning, and that it is surrounded by an excited crowd of depositors. Last night, the harness trimming factory of William Waldron and the neighboring buildings on Beekman street, were burned. The losses were about $33,000. An arrest was made to-day of Warren alias George McDonald, A passenger on an in-coming steamer, on suspicion of being one of the perpetrators of the late forgeries on the bank of England. McDonald had $3,000 in gold, and diamonds and other articles on his person. It is said the suspension of the Bull's Head Bank was caused by the defalcation of some of its members. An examination is going on. The bank is in charge ot the police officers. The suspended Bull's Head Bank is a State institution, with a capital of $200,000, and was represented in the clearing house of which it was not a member by the Metropolitan Bank. The Metropolitan, however, has sufficient assetts to cover all losses. Daniel Dwight, alias Philip Stanley, was arrested to day, charged with being implicated in the late fraudulent issue of Ft. Wayne & Wabash Railroad stock. Samuel Joseph Phillipson, charged with forging drafts in Manchester, England, to the amount of $6,000, was arrested to-day in Brooklyn, and will be sent back to England Saturday.

4. March 21, 1873 The Wheeling Daily Register Wheeling, WV
Article from The Wheeling Daily Register, March 21, 1873

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NEW YORK. NEW YORK, March 20 -The - failure of the Bull's Head Bank on becoming known attracted a crowd of depositors around the building who made strenuous efforts to obtain an entrance. The officers refuse to admit that the Bank is insolvent and say that the suspension for the present 18 rendered necessary by the detalcation of an officer in the Bast, the amount of which is not yet apparent, and that the examination is now going on. Many of the books were found badly mutilated and full of glar. ing errore. It was discovered this morning that their capital was seriously impaired and, theref re, the officers have resolved to suspend temporarily Erastus F. Mead,act President of the Bank, says be believes the losses will not fall short of $200 000 which is the exact amount of the Bank's capital. The Doomed Man. To-day is Foster's last day. Thearrangements for the execution are nearly completed, the scaffolding has been in course of erection all day. It is the same scaffold used at the execution of twelve other murderers. Foster's wife visited him this after noon for the last time, and had a long interview with him, their actions, however, being closely watched by the deputy ameriffs. It 18 reported to-day that Foster's counsel intends to make another effort to obtain a writ o prohibition, to prevent the execution. Foster's mother visited him about two o'clock this afternoon while his wife and her brother were still in his cell.The interview was deeply affecting Several ,clergymen called during the day.

5. March 21, 1873 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, March 21, 1873

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not meet the liabilities. The discrepancies have not yet been fastened on any particular person and the committee are completely be- fogged as to the author of the trouble. Mr. Meed says that no definite statement in regard to losses sustained can be made at present, but thinks the amount will not fall far short of $20,000. The Bull's Head is a State bank in- corporated in 1854. It stood December 28th, last, as follows: Capital $200,000, surplus $85,- 000, circulation $6000, deposits $1,078,000, un- paid dividends $2,600, loans, 1,116,800, stocks $30,700, real estate $61,100, specie $6000, legal tenders $72,200, over drafts $2,700. Last year's dividend, 16 per cent. was paid to the stock- holders and the stock lately has been quoted at $1.80. The bank always has been considered perfectly safe and the report of its insolvency caused great consternation among its deposi- tors, many of whom are butchers, drovers and tradesmen with small accounts. One of the directors said this afternoon that the bank no doubt had lost heavily but he felt confident that the depositors would not suffer to a great extent. He further stated that a receiver would soon be appointed. ### Warren vs. Fremont. J. Q. A. Warren, in a card, denies the asser- tions of Gen. Fremont, that the former offered to settle the case against the latter, but says on the contrary he (Warren) is awaing documents from Paris to enable him to proceed against Fremont in the courts here. ### The Case of Foster. Judges Davis, Ingraham and Barrett com- municated with Mr. Allen, Foster's counsel this afternoon and informed him in reply to his in- formal application for the sense of the judges on a motion for a writ of prohibition of the exe- cution of Foster, that should the motion be made in open court it would be denied. This of course destroys Foster's last hope of further respite. The sheriff and his deputies are busily en- gaged in completing the preparations of the sad tragedy and the construction of the gallows was commenced this morning. It is the same one used in 1871 for the hanging of Thoms, the negro, and has done its terrible duty in the case of eleven others during the last ten years. The scaffold stands at the southeastern angle of the prison yard about ten feet from Foster's cell. The condemned man, sitting in his cell, could plainly hear the carpenters at work. Foster was up early. His spririts seem to sink as the hour of doom draws nigh. He is very tacitum and seems unable to contemplate his fate with calmness and resignation. Still he is quiet and devotes himself with earnestness to prayer and preparation for the last end. His wife, brother, and brother-in-law called at an early hour. Crossing the prison yard they could see the carpenters at work on the scaf- fold. Rev. Wm. Schoonmaker, Chaplain of Sing Sing prison, conversed with him some time, counselling resignation and urging him not to encourage any hope of averting his fate. After the departure of the chaplain Foster threw himself on his bed, his wife taking a seat on the side of it, and the brother occupying a chair directly facing her. They then convers- ed in low tones, so the deputy sheriffs could see although they could not hear all that pass- ed. About two o'clock Rev. Mr. Walker at- tended the aged mother of the condemned to his cell and he last interview with her was very affecting. Most of the other relations took a farewell this afternoon. The solemn parting between the husband and wife occur- red to-night. The cell and person of the pris- oner was strictly searched to prevent the possi- bility of his having means of committing sui- cide. Two deputy sheriffs remain on the watch till 7 a m., when they will be relieved by others, from whose hands he passes to the charge of the sheriff and executioner. ### The Salary Swindle Denounced. ALBANY, March 20.-The Senate adopted resolutions denouncing the increase of salaries at Washington and calling upon Republicans in Congress to urge the repeal of the law. Mr. Berg's anti-cruelty to animals bill was de- feated in the Assembly. ### Various Matters. Jackson Schuitz and Douglas Taylor, appoint- ed to represent New York at Vienna, have ac- cepted the appointment and will soon sail. Albert Van Wagner, a representative of a large number of the credit. rs of Bowles Broth- ers, gives the opinion that Mr. Appleton, the special partner, will turn over sufficient prop- erty to satisfy these creditors The Tribune charges that one Reinhardt, the keeper of an alleged swindling emigrant hotel in Greenwich Street, systematically despatches runners to Europe, who return as emigrants, and making the acquaintance of fellow steerage passengers inveigle them on their arrival here into Reinhardt's den. It is stated that great efforts are being made to keep the present Tammany Board of Emigra- tion in this city in power, through amendments to the bill now pending before the Legislature. A proposition is being framed into a law, to be submitted to the Legislature, making all horse-railroad corporations responsible for the safety of passengers from assaults of roughs, and for losses by pickpockets while riding on their cars. The Sun warns the public against the numer- ous sawdust and lottery swindlers in Fulton Street, whose organized gangs of decoys prowl through the neighboring streets receiving in strangers. The rents and trade in Fulton Street have been seriously impaired by the presence of these swindling shops.

6. March 21, 1873 New-York Tribune New York, NY
Article from New-York Tribune, March 21, 1873

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BANK. BOOKSWILL of the The of the Afth-st., caused prodefalcation, found looked ove of in the the It city. was in State 1854, with # of made through the the Bank. after resump of by tion the latter morning. the business HEAD BANK, NEW o'clock YORK, E. F WILLETT, Cashier, of Cashier. Metrope in regrett inform consequentle have and to thanks have comer night for this advening that "bank notify that may for refuse tfully, Cashier. the this Clearing of the Ball's city through the in the street, and No the bare and that the At very On the the Bank closed; report was day small was not crowd turbalent. they learned no that A of in the bank by and the tem. stated by the the William former of son, health. Mr. the Just books resignation of one much the found had tilated. cut and either missing. in of the the this had been other books by made good means The and 10 deposit the upset ledger, Mr. of the When bank. Mead chinery for once examcalled control thorough did his this He the books. ination the just how know that might 10th and Monday were badly found on that, last of the work the use, daily On very the ennight through There and the After die nearly the of Bank the tation After until he What of say the not of at bank and there not to of of only He ures say would ble for hard The the he the the mattbe books The lation and placed the the the after just were placed close were the takes books of from business what The known notes that the checks, are and cities. Reports They were weeks. to voring ender picking In many out foreign piece for wait reports they out from before counts to then Just to be could they stood. A TRIBUNE the Bull's tional geney. Bank of the Mr. officers for Bank were of than the other pension that said Mr. the Seney tained the and the letter himself to the other the that public the MetroBull's the Bank politan the The letter heading as ink President Mead's of prosident," pro name had Mr. why struck Williams that geney the replied with Mr. why and ag Bank Head Bull's he BO not could There of officers to will accrue the light upon failure. by Metropoli the Bull's VISIBLE. at persons the Williamsom Richard and Fifth-are who those and the day, during and out was he that One gentie was ⑉ m., who man, act that Mr. returned information the he that called could to had gone a orchant formerly the

7. March 21, 1873 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, March 21, 1873

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# MARKETS BY TELEGRAPH. Now York Financial News. New York, March 20.—The suspension of the Bull's Head Bank was the feature in financial circles to-day, and caused a depression and lower prices on the Stock Exchange, succeeded by a steadier tone. The bank is a minor State institution, and, though the defalcation wipes out its capital and surplus, it depositors and bill-holders are believed to be amply secured. The total loss is supposed to be about $200,000. Money was active and stringent, the bulk of the call loans being at 1-16 per day, with the closing business at 7 per cent gold. Sterling was dull at 103@108½. Gold ruled steady at 115½@115¾. Loans, 4@7 gold, for carrying. Clearings, $42,000,000; Treasury disbursements, $1,600; Customa receipts, $383,000. Governments were strong. State bonds ruled quiet, Missouris being strong and active. Railroad bonds were steady. Stocks were weak throughout the list with the single exception of Western Union, which was remarkably steady the whole day. Sterling, 107¾.

8. March 22, 1873 New-York Tribune New York, NY
Article from New-York Tribune, March 22, 1873

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New York Daily Tribune. FOUNDED BY HORACE GREELEY. SATURDAY, MARCH 22, 1873. TRIPLESHEET. A motion was made in the British Parliament about the rules under the Treaty of Washington. The Caldwell debate was continued in the U. 8. Senate, but no action was taken. "What will the Senate do with the Charter 1" is the main question at Albany. - It is feared that the New-Jersey General Railroad law will not allow a competing line across the State. James McElhaney was hanged at Boston for the tourder of his wife. A William Foster was hanged at the Tombs. wealthy man was murdered in his house, in Brooklyn, by burglars. === The Erie Railway depots and the Pavonia ferry-house were burned, in Jersey City. The Bank of England bonds have been recovered. Jay Gould testified before the Erie Investigating ComTwo car ruffians were sentenced to prison mittee. The awards and assessments have for 15 years. Efbeen made in the Kingsbridge-road widening. forts were made to put the Bull's Head Bank into the hands of a receiver. Gold, 115g, 1158, 115g. Thermometer, 32°, 37°, 35°.

9. March 23, 1873 Eureka Daily Sentinel Eureka, NV
Article from Eureka Daily Sentinel, March 23, 1873

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CASTERN DISPATCHES. BY OVERLAND TELEGRAPH. [SPECIAL TO THE SENTINEL.] NEW YORK. NEW YORK, March 21. This afternoon, Foster's body was removed from the Tombs to the residence of his widow. About 12:30 P. M. to-day, a fire broke out in the ferry-house of the Erie Railroad freight depot, Pavonia avenue, Jersey City. A strong gale was blowing from the west, and all efforts to check the flames proved unavailing. The large wooden passenger depot in the rear of the ferry-house took fire almost simultaneously, and was destroyed. Several trains were hastily removed uninjured. The new freight depot was heavily stored with freight. Taylor's saloon was partially destroyed. The fire, it is supposed, originated from locomotive sparks. A statement is published to-day of a Tomb.s official, that Foster took poison the night before the execution. About eight o'clock yesterday afternoon, the jailor of the Tombs found him sick, and, in explanation, he then admitted that he had taken poison. The man's symptoms in every way confirmed his suspicions. On this account, the Sheriff hastened his execution, While many believed the duration of the religious exercises were telling on Foster's nerves, it was in reality weakness caused by the poison that was acting on him. The Tombs physician says Foster would have died if the execution had been delayed till 10 o'clock. A fire in Crosby street, near Broadway, last night, burned Demore's carriage repository, and Reynolds' hat and cap factory; loss, $24,000. The Treasurer of Schuyler County, in this State, one Shepperd, is a defaulter to the amount of $15,000. He absconded. It is now stated that a strike is imminent among the journeymen carpenters. The Eight Hour League, which includes the German sections, piano makers, etc., are also expected to strike. At a meeting of gas men last night, the recent action of the Gas Company, in reducing wages, as a consideration for eight hours' work, was considered, and a damand made for a general strike; and it is said that another meeting is to be held to-night, and preparations made for the general strike early next week. The letters addressed to McDonald, the forger, which have come into the hands of Duncan, Sherman, & Co., and others, which are now under seizure, are supposed to contain the missing bonds taken from the Bank of England. The Legislative Committee decided to investigate the case of Tweed, overruling the objections as to jurisdiction, as they held it was not their province to decide thereon. Isaac H. Bailey is appointed Receiver of the Bull's Head Bank. MASSACHUSETTS. BOSTON, March 21. It is stated, on the authority of McElhany's spiritual advisers, that the members of his wife's family refused to allow him to see his child Emma, aged two years. A letter, seconding an often expressed wish on the part of the condemned man to see his child was sent by Sheriff Clark to the family, but without effect. The Grand Jury have indicted John Savage, Jr., late Cashier of the Leche-mere National Bank, for embezzling $14,000 of its funds. The journeymen horse-shoers of Boston have levied an assessment of one dollar each per week, on a payment of ten dollars per week to each man out of employment by the strike at the Metropolitan Horse Railroad shops.

10. March 24, 1873 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, March 24, 1873

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The Bull's Head Bank Defalcation. NEW YORK. March 22.--A number of the creditors of the Bull's-Head Bank to-day petitioned to have the bank adjudicated as involuntarily bankrupt, and Judge Blackford granted an order for the bank to show cause on the 29th instant why the prayer of the petitioners should not be granted; and he also granted a provisional warrant for the United States marshal to seize and hold the property of the bank pending the issue of the application. In the proceedings which had taken place previously in the State Court a receiver had been appointed, and - there was a race between the Marshal and the Receiver as to who should first get possession of the property. The Marshal won, and now has possession.

11. March 27, 1873 Nashville Union and American Nashville, TN
Article from Nashville Union and American, March 27, 1873

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THE BULL'S HEAD. Promisenous Looseness-8349,000 Miss. ing and No Defaulter. NEW YORK, March 26.-The depositors and stockholders of the Bull's Head Bank, lately suspended, had a conference to day. The stockholders' committee announced that they had agreed on a proposition to increase the capital stock of the bank and allow the depositors who are most interested to take preferred stock enough to make full the amount of the deficiency, thus placing the bank in working order again. The Express sta'es that circumstances come to light indicate that the bank was in a hopeless condition weeks before the officers formally closed the institution. The widow of a former cashier had deposited with the bank for safe keeping six thousand dollars worth of stock and other property, and when she wished to take it out of the bank she was put off from day to day, and finally the cashier confessed he couldn't find the box, remarking however that it was safe and he would send it as soon as found. Mr. Halstead, a depositor and stockholder, left a box containing twenty thousand dollars worth of United States bonds for safe keeping. A short time ago he demanded them. The cashier informed him after a short time spent in the vault apparently looking for them that he could not find them just then, but they would be found the next day, at which time the cashier informed Halstead that the bank had taken the bonds a few days before in a temporary money strait and hypothecated them. The value of the bonds was returned in notes and other securities. The total loss so far as ascertained is $349,000; capital stock $200,00; surplas $92,000; current deposits 57,000.

12. March 27, 1873 Wood County Reporter Wisconsin Rapids, WI
Article from Wood County Reporter, March 27, 1873

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the President, and accompanied by a letter requesting its early presentation to the new Government. News from the Modoc country on the 15th, says that about 600 troops are in the field waiting orders. Canby's plan seems to be to surround the lava bed and starve the Modocs. For that purpose four posts will be established on the outskirts of the lava sections and on the shore of the lake. A German named Albert Goetze was brutally murdered in Chicago, on the 18th, by one of a gang of rowdies who entered a saloon where a dance was being held, and grossly insulted a girl who was in company with Goetze, at which the latter attempted to eject them. The murderer escaped. The U. S. Attorney-General denies the statement that he had rendered a decision declaring the eastern terminus of the Union Pacific Railroad GO be at Council Bluffs. Near New Albany, Ind., a. few nights since, a boy and girl, the children of a colored man named Reed, were burned to death in their house, in the absence of their father. An older boy escaped from the burning building. A man named George MacDonald, supposed to be the chief operator in the recent Bank of England forgeriers, was arrested on the steamer Thuringia on its arrival at New York on the 20th. About $10,000 in gold and a quantity of diamonds were found in his possession. He protested his innocence. The Bull's Head Bank of New York City has failed, and it is stated that large defalcations have been discovered on the part of some of its officers. It was a State institution and carried a large amount of deposits, especially from butchers and drovers. A dispatch from St. Louis, 20th, says: "The strike on the St. Louis, Kansas City & Northern Railway is practically ended. Everything has been quiet to-day, and trains have run without molestation. The Company has now over fifty new engineers, and freight trains will resume running to-morrow. About forty strikers, and those engaged in obstructing the road, destroying property, and interfering with trains, are now in jail at different points, and are to be prosecuted to the utmost extent of the law." Another mysterious murder has occurred in Brooklyn. Charles Goodrich, a wealthy resident of that city, was found dead on the morning of the 21st, in the basement of a residence where he was in the habit of sleeping alone. Three pistol shot wounds were in his head, two of the bullets being imbedded in the brain. It is thought that some thief was aware of the fact that Goodrich was in the habit of sleeping in this house alone, and supposed that he carried considerable money about him, and that he had broken into the basement, and on Goodrich's $ coming down stairs had waylaid, murdered and robbed him. A dispatch from Lewes, Del., says that E the bark Jens Larsen, from London for Phil$ adelphia, went ashore at Indian River inlet ) on the 20th. The captain's wife and daugh5 ter, the first and second mates, and two seaI men were drowned in attempting to land. ) Near Wickenberg, Arizona, March 11th, I the Apaches murdered Augustus Swain and e James McDonald. Their bodies were horrit bly mutilated. Swain was one of the first e settlers, and for a long time a Government e guide.

13. March 27, 1873 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, March 27, 1873

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New York Items. NEW YORK, March 26.-Marshall Magru der, who was convicted of shooting with intent to kill, has been sentenced to ten years' hard labor. The streets this morning are slippery from sleet, and many accidents are occurring from falls. The steamer Crescent City was sold at auction to-day for $60,000. A man and wife at Jamaica, Long Island, being in a starving condition, bled each other, preferring that mode of death to death from starvation. Both will probably die. Bridget McSbenan, who was found dead in a tenement-house on Scammell street on Friday last, proves to have been murdered by another woman named McNamee, in a drunken brawl, by the latter fracturing the former's skull with a bottle. A child was burned to death in the same tenement-house the same night. Antonio Zambrana, a member of the Cuban Congress, has arrived here, and reports the insurgents as having abundance of arms and in good spirits. They are making steady progress in the eastern department, and will very soon compel the Spaniards to wholly withdraw from that department. Zambrana secretly left the Island in an open boat. Typographical Union No. 6, of this city, reports that the subscriptions to the Greeley monument fund are coming in rapidly from the printers throughout the country, and there is every prospect for success. The counsel of McDonald, charged with being concerned in the Bank-of-England forgeries, have taken exception to the legality of the appointment of Commissioner Guttman, before whom the case is under examination, and will probably test the question by means of habeas corpus and certiorari to the United States Circuit Court. In the great suit brought in the name of the people of this State against Tweed, Connolly, Ingersoll, and others, to recover $6,000,000 taken from New York county by what are known as the Audit frauds, Justice 8 Hardin has decided on the demurrer of Ingersoll; that the people of the State have no right of action against Ingersoll. He base his opinion on the broad ground-fatal to the who'e suit, if sustained-that the county and not the State are the real parties in interest within the meaning of the Code. The committeees of the depositors and 1 stockholders of the Bull's Head Bank, lately suspended, have agreed to increase the capital stock of the bank an amount sufficient to e make up the deficiency, thus placing the r bank again in working order. The loss 80 1 far as ascertained is $350,000. The expected withdrawal by the railroad companies on the 1st of April of the postalcars caused considerable stir in post-office circles. It is thought that the force of clerks will then hardly be able to do in four days what now requires only fifteen hours. The demand of the railroad companies is $800 per mile instead of $375, now paid them. It is rumored, if the companies persist in their determination, that the Postmaster will en deavor to procure the passage of a law giving the Department special power over rail roads.

14. March 28, 1873 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, March 28, 1873

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NEWS IN BRIEF. THE EAST. THOMAS F. ANDERSON, cashier of a bank at Franklin, Pa., recently set fire to the notes, bonds and papers of the institution, and then shot himself through the head George Francis Train, who is confined in the New York Tombs, insists that he is insane, and a medical commission has been appointed to determine the question. I .RGE numbers of orders are being received at New York from Europe to purchase wooden vessels to replace the iron ones lost in the last year's gales. Some brokers say they find it impossible to fill their commissions fast enough. Ar Syracuse, N.Y., the other day, a young man named Keller brutally murdered hie cousin-Miss Ida Spencer, aged -by beating out her brains with an iron bar. The motive for the crime is unknown The prohibitionists of Rhode Island have nominated a full ticket for State officers. THE office of the President of the Pennsylvania and Western railroad was robbed in New York, recently, of 168,000 in bonds The famous New York prison, known as the Tombs, is to be demolished and replaced by a new structure The medical commission appointed at New York to examine the mental condition of George Francis Train, report him to be a man of good education and brilliant intellect, but undoubtedly of unsound mind. It is probable he will be turned loose, as he is not regarded as a dangerous man, and therefore not a fit subject for commitment to an asylum. Train's latest assertion is that in 30 days not one stone in the bastile shall be left standing upon another. and that the streets of New York are to run with blood. THE lower house of the Massachusetts Legislature has refused. by a vote of 49 to 167. to rescind the resolution censuring Senator Sumner. A MAN named George McDonald was arrested at New York the other day, on landing from the English steamer. who is believed to be the principal in the great forgeries on the Bank of England. Papers were found on him which, it is said, reveal the whole plot. and criminate men of high position in New York. The Bull's Head Bank, of New York, has collapsed. THE WEST. THE political excitement at Salt Lake has died out. the utmost good nature exists between Mormons and Gentiles, and the business prospects are said to be unusually promising. There were two hangings in Illinois on Friday, the 14th of March-George Driver, at Chicago, for the murder of his wife, in November last: and John Marion Osborne, at Knoxville. Knox county. for the murder of Mrs. The Adelia M. Matthews. in August, 1872 German Savings Bank at Kansas City. Mo., was recently burglarized to a heavy amount John Kelsey was shot at Centerville, O., the other day. by Miss Ella Benham, a discarded lover Nevada has been having a little speck of internal war. The Lieutenant-Governorrefused to surrender the office of Warden of the Penitentiary, and conform to the new law detaching the two offices. whereupon Gov. Bradcannon, the ley and marched upon and forced the Penitentiary surrender with of militia the rebellious officer, who will probably be impeached A proposition has been introduced into the Michigan Legislature for the appointshall power to the law ment have and have of Railway enforce Commissioners, general railway who a supervision of all police regulations effort concerning railways in the State An will be made for another conference with Capt. Jack, the Modoc chief, though there is little epizootic hope of a peaceful settlement The is raging throughout Arizona, and are much the has honey, and the editor mails of Dubuque delayed. Telegraph, stage D. travel Mafor a fall on the sustained sued the city by of Dubuque slippery @10,000 pavement. damages which resulted in a broken area. A NEW peace commission has been organized to treat with the Modoc Indians, Capt. Jack having expressed a desire to have another conference. EMMA HALE, a waiter in the Fisher House. Mich., committed last strychnine A week named Three by Rivers, taking suicide German, Albert Goetz. was murdered on St. Patrick's who cut his throat party house of in roughs, Chicago, literally in day, a dance- by a ear to ear The farmers in the III.. report that at half. of from Jacksonville, if two-thirds. least vicinity onenot of the honey bees have the severe winter of the locomotive in been Missouri THE killed strike has by just engineers past. ended in the little the other day. by a wooden killed strikers in Chicago, A four-year-old submission boy of was the an in front of a upon him Lieut. Frederick figure son falling of of the Indian cigar store Grant, President, has been assigned to duty on Gen. Sheridan's staff. at Chicago. THE SOUTH. of found the Rev. Dr. Church THE Annual has Conference the Huston, Methodist of guilty of the crime his Baltimore, him, and decreed expulsion. charged The against matter will be appealed to the General I E. LEE, JR., son of the prospective Democratic Lee, for ROBERT is the Conference. candidate late Gen. Governor of Virginia The Falls robbery. at Tobacco $350,000. Bank The Louisville, foots up City bank offers a reward of e50,000 for the return of the bonds, or 25 cent. of and no a reward of 8500 each for ture of the burglars also, the amount offers returned, questions per the asked: cap-

15. April 1, 1873 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, April 1, 1873

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FROM NEW YORK. New York, 31. An application of the Bull's Head bank to-day for an loader of reference to take any state its account. Judge Fencher appointed ex-Judge Emmatte such receiver. The bank claims that ft is solvent and in this way double proceedings in the State and United States Courts may be avoided. Huge Maxwell, long prominent among business men of this city, and at one time collector of this port, died at his residence at his residence at St. Mark's place to-day, aged 85 years. The residence of A. W. Demick, ex-president of the Atlantic Mail Company, at Elizabeth. has been sold at a price not made public, but the sale was subject to mortgages of $140 000. The buyer is said to be Tom Scott. A portion of the property stolen on the night of the 14th of March from Quick Brothers store, Sudbury street, Boston, was found by the police in this city to-day. Charles Burke, a burgler, escaped from Sing Sing prison Sunday night. The wife of E. Delafield, Smith corporation counsel, died unexpectedly this morning. Theodore Cozzino of West Point, died in Paris on Friday last. Nine jurors were obtained to-day in the case of Nixon for the murder of Pheiffer. The Morris canal in New Jersey will be open for navigation within ten days. Ex-Surveyor Cornell inducted his successor, Gen. George H. Sharpe, into office this afternoon. A challenge has been issued to match a Jersey amateur against Paire, the champion pigeon shooter, to shoot fifty birds each with one ounce shot, each to find a trap and handle for the other, 80 yards boundary and 21 rise, for $250 against Paine's $500.

16. April 4, 1873 River Falls Journal River Falls, WI
Article from River Falls Journal, April 4, 1873

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the removal of Watts, the present Commissioner of Agriculture. A prominent western man is a candidate for the position. MANY complaints have been received from merchants of New York city that their boxes, while in bond in Meyers & Co.'s warehouse, have been broken open, and valuable silks stolen. The government has ordered an investigation. John Biglin accepts the challenge recently issued by Goorge Brown, of Halifax, N.S., and offers to row a five or six-mile race in shell boats on the Connecticut River at Springfield, Mass., on or about the date which may be settled for the annual college regatta next July. If Brown does not accept these terms, they are open to any man in the country, for the championship of America. THE loss of the British steamship Petersburgh, at Bermuda, with 1,466,132 pounds of tea, has created a stir in the market, which has been dull of late. The tendency is towards higher rates. Most of the cargo was owned in New York, Mr. E. W. Corliss having 25,000 packages. The cargo was largely insured in New York and Philadelphia offices. The Delaware Mutnal Company is reported to have $80,000. JOHN A. MOFFAT suicided at Rushville, Ind. on Wednesday, by stabbing himself in the breast with a pair of shears. EMMA HATE, a waiter girl in the Fisher Hotel, at Three Rivers, Michigan, took cold poison and died on Monday night. THE steamer Sioux City was sunk by ice near Fort Sully, on Wednesday. A DAVENPORT telegram states that while the down train on the Western Union road was nearing Cordova, on Tuesday afternoon, some scoundrel in the ditch alongside the track discharged the contents of a doable-barreled shotgun through the car window, a number of the shot penetrating a passenger's back, who occupied the seat. The train was stopped and backed to the place, but the fellow had vamoosed. THE defalcation which caused the suspension of the Bull's Head Bank, of New York city amounts to $200,000. Its deposits are said to have been $1,300,000. Last year a dividend of sixteen per cent. was paid to stockholders, and its stock has lately been quoted 108. THE remains of a man were found in a runed portion of the James Hotel, Montreal on Thursday. The body has been identified as that of Mr. Hyatt, a traveling agent. He was found on the fifth floor, and had evidently been suffocated. COMMISSIONER DOUGLASS has instructed Collector Bailey to pursue the course he has taken in the New York Central Railroad case until property enough has been seized and sold to bring to the Government the entire amount of claim due. GENERAL order has been issu ed from the War Department that no officer, either active or retired, shall directly or indirectly, without being called upon by proper authority, solicit, aid on recommendation by members of Congress for or against military offences. AT Lampsan's mill, in Grand Ledge, Michigan, on Thursday, Frank Krupp, one of the owners of the mill, was standing behind the saw with his back to it, while it was running full speed he stooped to lift a plank on the was long, saw upon it, hocking carriage, teeth when of he the caught and carried in the cutting his body entirely in two lenghtwise. MERRITT SMITH, of Cascade, Michigan, whose wife and son were burned to death by a kerosene explosion, a few days ago, has become a maniac, and his life is despaired of. IN the case of James Druyer, a boy of twelve, tried in Chicago for the murder of a Swede named Gustav Larsen, last winter, a plea of self-defence was established and the youthful ruffian acquitted. ON Saturday Wm. Potter stabbed and killed George Sheets, in a dispute growing out of a debt of twenty-five cents, at Staunton, Va. WEDNESDAY night the harness trimming factory of Wm. Waldron, and neighboring buildings on Beekman street, New York, were burned. Loss about $23,000. THE failure of the Bull's Head Bank, of New York city, is announced. A SERIOUS riot between Englishmen and Irishmen occurred at Wolverhamptown, near Birmingham, Tuesday. At least 3,000 persons were engaged in the conflict. THE principal part of the town of Centerville, Ohio, was destoyed by fire on Tuesday. Loss $35,000. THE oil excitement at Saylorville, Iowa, still continues. Many proprietors are digging wells. A THREE-YEAR old boy named Cahn had his neck broken at Chicago, on Wednesday, by a wooden Indian placed before his father's eigar manufactory as a sign, which some of the little fellow's playmates pushed over upon him. IT is understood that the Consistory of the Dutch Church in New York has voted to pull down the old Fulton Street Church, and cover the site thereof with buildings for business purposes. It is here that the celebrated daily prayer-meetings have been held for fifteen years without interruption. AT Rockford, Iil., on Tuesday, a hotel keeper named White was rse-whipped by Mrs. Milder, wife of a Chicago capatalist, for an alleged

17. April 5, 1873 New-York Tribune New York, NY
Article from New-York Tribune, April 5, 1873

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BULL'S HEAD BANK PLUNDER REPORT OF THE REFEREE-THE ASSETS $40,000 ABOVE THE LIABILITIES--OVER $200,000 STOLEN. Ex-Judge James Emott, the referee selected by the counsel of those who appeared before Judge Fancher and asked that a receiver be appointed for the Bull's Head Bank, has finished his report, and will present it in the Supreme Court this morning. Ex-Judge Emott has carefully examined the assets and liabilities of the bank, and finds that after the depositors shall have been paid, there will remain a surplus of about $40,000, all there is remaining to represent the capital and surplus of the bank. The last statement of the bank showed that the capital was $200,000, and the surplus $56,000. The amount stolen is in the neighborhood of $220,000. An {examination of the assets show that the discount business was done with discrimination and judgment. Accommodations in some instances has been unusually large, but the security has been generally good, and the assets can nearly all be made available in time. Should, however, the bank be thrown into bankruptcy and a receiver appointed the assets might not turn out 80 well, and it would be possible for the apparent surplus to be used up and even a deficiency might occur. In Judge Emott's opinion, the best way for the depositors and all concerned would be to place the bank in a condition to resume business. The first thing to be done is to take the matter out of the State Court and then out of the Bankruptcy Court. Whether this could be done better by the depositors who are soliciting subscriptions to make up the capital, or by the old stockholders, by making good the new impaired capital, Judge Emott declined to say. Either course is apparently open. Judge Emott states that the funds of the bank were taken by some one in the bank. To cover this direct theft, the books were mutilated. He was not informed that any action had yet been begun against any person or persons on suspicion of being concerned in the defalcation. The old Board of Directors met last evening at the Ashland House, at Twenty-fourth-st. and Fourth-ave. They formally retired from the management of the institution, and the following were elected in their stead: A. 8. Cameron, President: Samnel Willets, B. W. Gibbs, Jacob Voorbis, Jr. Wm. 8. Cogaweil, Cornelius O'Reilly, and Thomas Par. It was rimored, last evening, that President Williamson and the Cashier of the Bull's Head Bank had been arrested on indictments found by the Grand Jury, These arrests were made, it 18 said, by the Twenty-sixil Precinct police at midnight.

18. April 10, 1873 New Orleans Republican New Orleans, LA
Article from New Orleans Republican, April 10, 1873

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WHOLE NUMBER 184?. Gas Company have all left, and Germans H. have supplied their places. Everything has been quiet to-day around the gas works. The strikers have given up all hopes that TON the employes of the Manhattan Company will join them. The car drivers on the Belt line will LAIM strike to-morrow for $2.75 per day; ac present they only get $2. Judge Tappan. of Brooklyn, decided toIRS day that Mrs. Myers, a witness in the Goodrich case. should be discharged on her own recognizance and surety of $1000. ICE Arrived-Havana, Ville de Paris, Silecia, France and Finland. Arrived out--Victoria and Rhein. There was an improved feeling in financial LE circles today. and money was easier, although not yet down to the legal rate of interest. Renewals of currency loans E:D during the morning were at 1.16@3-16, and new business was at the same rates, chiefly at per diem. Closing dealings in DS money exhibited better feeling, and closed firm at 1 16@ % Exchange was firmer to-day on the de. ILE cline of gold and increasing ease in money, and closed at 7 to 814. There was a weaker tone to speculation in gold to-day, and the AR price drooped from 118% to 117 % followed by a recovery to 1183, and subsequent re. action to 117 7,8, and closed at 118 @1181.8. PE Loans from flat to 7 for carrying. Governments opened firm at 1/8 to 1/4 advance on last Light's price. Market very steady all day. A large party of English farmers arrived The from Liverpool yesterday, being the first installment of a colony of several hundred ning families from Dorsetshire. Their destinaNew tion is Western Minnesota, where they have engaged six townships of land from(the buse Northern Pacific Railroad Company. goes The grand jury have found four indictments against William H. Merritt, assistant 18 of cashier, and three against James J. Peck, eve late receiving teller, of the suspended Bull's r of Head Bank. The former are for forgery and embezzlement, and the latter for grand ttee larceny and embezzlement. Both filed rgubonds for trial. The defalcation is said to fies. be $340,000. delThe Produce Exchange will adjourn over acts Good Friday. nall The Supreme Court has cut down the the claim of Charles Gindet, street paving conIent tract, from $31,532 to $13,200. He has acbad. cepted the decision. ,900 Edward Murphy and Michael Cannon were were each sentenced to twenty years' imbuld prisonment to-day for highway robbery. only - A

19. April 22, 1873 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, April 22, 1873

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NEW YORK. Beacher's Indian Sentimentnlity--Re. ligious Difficulties in the Jersey City Schools--Gamblers Arrested for Manslaughter-The Bull's Illend Bank to Resume--Summary End of a Libol Suit--Miscellancous Local News. NEW YORK, April 21.-Butch. Barclay, proprietor of a gambling-house in the Bowery, and Androw McIntyro and Jim Solzer, dealors, havo been arrested on the charge of fatally beating Horschol Mondelbaum, who, after losing $200, refused to pay for 8100 worth of checks, alleging, as a reason, that they had played the " skin, game." Mondelbaum belongs to a reputed fenco" family in this city. Henry Ward Beecher, in his sormon last night, invoked Tun Father of all mankind to remember in mercy the children of the forest whose pent-up wrongs lind driven thom to bloodshed and diabolical murder." The public school war in Jersey City is becoming bitter, and the interference of the School Board has been invoked. The latest discovery is that a Catholic pupil was sent home because he would not bow his head at tho rocital of the Protestant version of the Lord's prayer, or join in singing 'Tis the Heart that Makes the Home, written for and used only in schools, according to the teacher. The Bull's Head Bank resumes business on Wednesday next. The Receiver of the Ocean National Bank today sold seven second mortgage bonds of the Portage & Lake Superior Ship Canal, 81,000 each, for 5 per cont of the face value. The salo of the remainder of the bonds has boen postponed. The suit of George B. Davis against the Now York Times, to recover $50,000 for alloged libol, was tried to-day. Davis was put on the stand, when tho counsel for defendant objected to his testimony on the ground that ho was a convicted folon, and the Judge sustained the objection, thus ending the trial. The Tammany Society, to-night, elected the following Sachems for the ensuing year : John Kelley. John W. Chapler, Samuel J. Tilden, John Fox, Thomas Dunlap, Nathaniel Jarvis, Jr., A. Bram, S. Hewitt Abraham R. Lawrence, William C. Conner, Miles B. Andrews, Edward S. Donnolly, James B. Nicholson, William H. Wickham. A ourbetone broker named Charles G. Hamptou was arrested to-day for having in hie poesession 850,000 in Pennsylvania and Western railroad securities, said to have been stolen. Hampton was arrested while offering a portion of the bonds to Fitch, Otis & Co., Pino street, which were stolen from a Pittsburgh merchant.

20. April 23, 1873 The New York Herald New York, NY
Article from The New York Herald, April 23, 1873

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THE BULL'S HEAD BANK. The Bank To Be Opened This MorningThe Meeting at Demilt Hall Last Night. A meeting of the depositors of the Bull's Head Bank was held at Demit Hall, corner or Twentythird street and Second avenue, last night. It was expected that a written report would be read, but such was not the case, as no statement was made further than that contained in the speeches. Mr. SAMUEL WILLETS, who was elected president of the meeting, introduced Mr. Cameron as the first speaker. In the course of his remarks Mr. CAMERON said the Bull's Head Bank was now on ON A SOLID AND SUBSTANTIAL FOUNDATION; that it was better prepared to meet and stand a run to-morrow-at which time it will be openedthan any other bank in the city. Mr. MOTT was next on the floor. He said he had little or nothing to say further than that this was the only successful attempt to reopen a collapsed bank that he had ever heard of, and that it was an achievement of which the depositors might well be proud. A resolution was passed THANKING THE COMMITTEE OF SEVEN for their energy in bringing about the reorganization of the bank. The bank will be open at the usual hour this morning, when all demands will be paid in full

21. April 23, 1873 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, April 23, 1873

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NEW YORK CITY. NEW YORK, April 22.-The case of Stokes was before the Supreme Court, to. a day, on a preliminary motion, as to proceedure in error. The Court will give a decision to-morrow, when the argument on the main motion will be heard. The number of passengers booked to cross the Atlantic this season is 213,000. A fire in the Immigrant Savings Bank building this morning burned out a great number of lawyers' offices, and made the closing of the bank necessary. John Fitzgibbons, for killing John Ohera, was sentenced to-day to imprisonment for life. General George C. McKec, ex-member of Congress, from Mississippi, was married in Grace Church, to-day, to Miss Anita Horteuse Camp, daughter of Benj. Camp, Esq. The Produce Exchange at a meeting today declared unanimously in favor of the bill now pending in the Legislature having for its object the funding of the canal debt. Arrived--steamships City of London from Liverpool, West Philadelphia from Hamburg, and Persia from Brest. Charles G. Hampton was arrested yesterday for having in his possession $50,000 worth of railroad bonds, and taken before a police justice to-day. A representative of Fitch & Otis appeared and stated that he represented Col. Phillips, of Pitts. burgh, owner of the bonds. The prisoner was committed to await a requisition from Gov. Hartranft. Mr. Sparks, agent of the White Star Line, has secured the certificate of the government officers of emigration at Liverpool that there were provisions enough on the Atlantic to last thirty-two days. Official documents were received showing that the quantity of coal on board when she left Liverpool was in excess of the average supply for ocean steamers. Capt. Williams, it is claimed, therefore, only used discretionary power in running for Halfax. Mr. Sparks says that the contiued confidence of the traveling public in the line is shown by the fact that of the 100 saloon tickets sold for the coming voyage only 8 have been returned. 54,489 emigrants arrived here since January 1st, against 46,783 the same time in 1872. The petition to have the Bull's Head Bank declared an involuntary bankrupt has been discontinued, on the payment by the bank of nearly $6,000 of accrued costs. A party of artists, men of letters and bankers assembled at Leo's Club last evening to dine and wish a pleasant voyage to Col. Thomas Knox, who sails for Europe to-morrow on the Minnesota.

22. September 23, 1873 The New York Herald New York, NY
Article from The New York Herald, September 23, 1873

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Other Banks. A visit among the other banks showed also that matters had improved to a surprising extent. All panicky feeling seemed to have gone, people walked in and out in their usual manner, there were no "runs" and everybody appeared happy after the terrible strain of the past few days. The President of the Bank of Commerce, Mr. Vail, said that he thought the action of the government in buying the five-twenties was a wise measure and had done a great deal to relieve the pressure. The President of the Third National, Mr. Jordan, was of the same opinion, and he said that now all banks would, no doubt, go on in their usual manner. Mr. Morrison, of the Manhattan Company, was of opinion that the issuing of the loan certificates had done more than all else, and that it was the second time the measure had proved salutary. Mr. Kennedy and the Bank President also believed in the soundness of the measure, and others said that unless such a measure had been resorted to they did not see how the banks could have puiled through. The cash value of stocks was the best proof of the improved feeling. As all stocks had recovered splendidly, it told a good story of the confidence which was beginning to reanimate the whole mercantile and financial community. The officers of the Bull's Head Bank, No. 340 Third avenue, stated yesterday that the bank could not possibly be in a sounder condition than it is at present. As soon as the first alarm or danger had been heard the President of the. institution set about preparing for an emergency, and succeeded in placing the bank above every chance of being taken unawares, Up to noon yesterday there was a very slight run, but the demands were met so promptly that whatever fears might have been felt by depositors they were soon speedily dispelled, and during the rest of the day the confidence of depositors in the bank was apparent. The receipts yesterday were $122,000, against $61,000 ior the same day last week. The amount paid out yesterday exceeded that paid out on the same day last week by $11,000. The bank officers say that they were prepared yesterday to pay every dollar on deposit in the bank. As it turned out, the depositors having shown their confidence so plainly during the afternoon, this bank was enabled to help some other banking institutions that were somewhat pressed. The officials at the Broadway Bank, opposite the new Post Office, state, "No run and more expected deposits than usual." Importers and Traders' National Bank states, No run whatever and hope the press will not increase the panic." Merchants' Exchange National Bank-"No run and quiet as a Sunday." in the Murray Hill bank the deposits amount to about $600,000. Yesterday there was more money received on deposit than was paid out, and depositors, to judge by their absence yesterday, seemed to have confidence in the ability of the institution to pay all demands made upon it. The mone at the disposal of the bank is about twenty-five. or thirty per cent of the total amount on deposit. The Fifth National Bank was not disturbed yes. terday by the current rumors of panic or monetary distress. Business went on about as quietly as usual. Yesterday not more than $10,000 was drawn from the bank, a sum less than is usua on some Mondays. The total amount of deposits in the Fifth National is about $700,000, covered by twenty-five per cent of that amount, as is required by law. The Oriental Bank, 122 Bowery, has about $1,000,000 on deposit. It has a capital or $300,100, with a surplus of $340,000. According to the bank officials the deposits have increased $50,000 since Saturday last. Everything was quiet yesterday, full confidence being shown toward the instituton by the patrons. The Butchers and Drovers' Bank was as qilet yesterday as if there was nothing unusual gang on in the money circles. Not a semblance of a run occurred, and the bank officials had nothing to do but congratulate themselves that depositors had no fears.