15769. Eighth National Bank (New York, NY)

View Charter #384 on SPMC

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 384
Charter Number: 384
Start Date: December 13, 1871
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 265cf50b

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1871-12-15
Date receivership terminated: 1875-09-01
OCC cause of failure: Excessive lending
Share of assets assessed as good: 20.3%
Share of assets assessed as doubtful: 65.1%
Share of assets assessed as worthless: 14.6%

Description

The sources consistently report the Eighth National Bank suspended in mid-December 1871 and placed in the hands of a receiver (Mr. Man / Albon Man). There is no clear description of a depositor run on this specific bank in the articles (runs are described for other banks). The suspension appears tied to the collapse/rumors about the Ocean Bank and related contagion; the bank remained in receivership and paid dividends in 1872, so it did not resume normal independent operations.

Events (6)

1. April 16, 1864 Chartered

Source: historical_nic

2. December 13, 1871 Suspension

Cause: Local Banks
Cause Details: Contagion from the failure/trouble of the Ocean Bank and related unfounded rumors and clearing-house refusals (Eighth was refused further clearing accommodations).
Newspaper Excerpt: The suspension of the Eighth National Bank has been announced.
Source: newspapers

3. December 15, 1871 Receivership

Source: historical_nic

4. December 15, 1871 Receivership

Newspaper Excerpt: The receiver (Mr. A. Man) is busily engaged upon an examination of its affairs. ... he finds no reason to doubt the assertion of the officers that the depositors will be paid in full.
Source: newspapers

5. March 19, 1872 Other

Newspaper Excerpt: The creditors of the Eighth National Bank will be paid a dividend of 25 per cent on and after the 27th inst. at the office of the receiver, No. 3 Mercer street.
Source: newspapers

6. March 20, 1872 Other

Newspaper Excerpt: The receiver of the Eighth National Bank announces that a dividend of twenty-five per cent. will be paid to depositors on the 27th of March.
Source: newspapers

Newspaper Articles (23)

1. December 14, 1871 The Weekly Ottumwa Courier Ottumwa, IA

Article from The Weekly Ottumwa Courier, December 14, 1871

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At the Republican primary election, last night, disorderly scenes occurred in several districts. The police were called in to preserve order. A Times Washington special says that Vice President Colfax has informed many prominent republicane, who have questioned him on the subject, that he cannot withdraw his refusal to be considered as a candidate for re-nomination, It is represented that Gov. Palmer, of Illinois, is in Washington, endeavoring to procure the removal of government troops from Chicago.It is said that if it is not done the Governor will promulgate another proclamation. Various consultations have been held by the Democracy, but nothing will be done in the way of promulgating any policy until after the holidays. Arrivals from East Indies state that vessels passing Turks Ieland had been boarded from there with the request to bring cargoes in free of duty as the inhabitants were starying. NEW YORK, Dec. 13. The Eighth National Bank, which was not a regular member of the Bank Association, today was refused further clearing accommodations by the Bntchers & Drovers bank The last statement of the Eighth National showed assets $155, 900; liabilities, $584,400. Confidence seems to be shaken in outside banks by disclosures showing that Bank Examiner Callender has been using money of the Ocean Bank to build the Portage Canal. It is rumored that two other banks are in difficulty, but this rumor is not verified. LATER.-The suspension of the Eighth National Bank has been announced.

2. December 14, 1871 The New York Herald New York, NY

Article from The New York Herald, December 14, 1871

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BANK TROUBLES. - The failure of the-Orean. Bank has been followed by the suspension of two small concerns up town, the Eighth National and the Union Square National Banks. The latter, after standing a.run on it for two days, was hurriedly thrown into the hands of a receiver yesterday afternoon The trail of the "Ring" serpent is, traced more or less clearly in all instances.

3. December 14, 1871 The New York Herald New York, NY

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Little Rock Railroad eights, 75 a 78; Memphis city sixes, 58 a 60; Savannan city sevens, 85 a 87; New Orleans consols, old, 73 a 76; do. issued to railroads, sixes, 70 a 73; do. sevens, 63 a 67. # STOCKS DULL AND STRONG. The stock market was dull, and after much hesitation closed up strong, in sympathy with a sudden advance in Pacific Mail to 50¾. Earlier in the day the feeling was unsettled and the tone of the market heavy as a consequence of the suspension of the Eighth National Bank, which was used with indifferent success by the "bears" to hammer prices. The "bulls," however, rejoined to these assaults by jocularly propounding the philosophy that if the banks were all bursting up the safest place to put money was in stocks. As yet the outsiders who are interested in the market are few and far between. It is what is styled a broker's market for the bulk of the share list, while the leading features are knocked about between rich cliques. # HIGHEST AND LOWEST PRICES. The following table shows the highest and lowest prices of the principal stocks during the day:-

4. December 15, 1871 The Emporia News Emporia, KS

Article from The Emporia News, December 15, 1871

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NEWS, POLITICS AND PERSONALS The government is doing grand work Carolina. The results abunthe president in suspendantly in South justify in ding the writ of habeas corpus porof the State. The there has been tions things horrible condition force beyond of all and only the armed of the could crush reports, rebellion. government the yet to tal Gen. Forrest seems be indicated as the "great grand cyclops" the Ku-Klux organization, and Jeff. of to be hoped that the halter which Davis so unfortunately escaped will ere long find its victim in this murderer of of colored troops at Fort Pillow and colored citizens ever since. -The Prince of Wales still lives. He has been laying at the point of death for several days. -Congress is going to give Chicago $2,000,000 for public buildings. -The Eighth National bank of New York has suspended. -Sargent has been nominated for Senator by the Republicans in the California Legislature by a large majority The Ocean bank of New York is broken. -The Cotton house of Wm. H. Wright & Co., and that of Laycroft, 12th. both of New York, failed on the -Hon. WM. B. Washburn, Governor his elect of Massachusetts, presented resignation as a Member of Congress on the 5th inst. This leaves Congress without a Washburn on its rolls. -There was an increase of eighty in the number of deaths from small-pox in Philadelphia last week. The totalnumber of deaths was 233, but there was a decrease of 300 in the number of new cases. DOWN.- Wednesday morning the gold declined to 1091/6, which is lowest gold quotation since 1862. -Newton Booth was inaugerated as Governor of California with imposing on Friday. The took strong grounds address ceremonies inaugural and in favor reguof legislative action reducing lating the fares on the Pacific Railway a repeal of the law permitting counties per cent. subsidies to Railroads; of to the give admission congressional Chinese action restraining and regulating but giving the from mobs and and protection igration, Chinese violence The Re- full the right to testify in courts. publican Senatorial caucus was held on Friday evening. After an indulgence in some little liberty, was adjourned is till Thursday night. The contest very hot, Sargent being the most prominent candidate. -A London dispatch says that tremendous excitement prevailed in Madrid on receipt of President Grant's mesto the Cuban difficulty. The government a firm attitude. sage maintain Spanish relating has Reinforce- resolved ments of four thousand men and four iron clads will be immediately dispatched to Cuba. The question of the alviolation of neutrality with regard to ledged government ministers Cuba by was our discussed by the council of Madrid, on the 6th. Dispatches have at been sent to the Spanish minister Washington, which are said to contain the important instructions respecting attitude of Spain toward us. -The Pope, in replying to an address recently, is said to have protested strong with ly against all ideas of compromise the Italian Government. Inasmuch that Government is in 8 situation to have matters pretty much its own way has just now, and as Victor Emmanuel lost none of his flesh under the affliction of a major excommunication the probability is that there are two parties to that quarrel equally indisposed to listen to suggestions of compromise. e -What with Mormon trials new y discovered mines of cadmium, tin, and ly silver, Salt Lake correspondents ought to have no difficulty in filling their budgets of news from day to day One of them telegraphed recently, howthat the Masons of s preparations for a grand ever, are making the item territory which P ball on St. John's Day, an t have come in t as St. John's Day comes inasmuch might reasonably by mail, comJune, and we have direct railway And munication with Salt Lake City. then, again, isn't it rather early to held begin preparations for a ball to be nextJune, when therei no non-ariving is Grand-Duke in the case? y -A New York Herald reporter has talking to General Cox, of Ohio, the recently and the about been Grant movement, announced organiza- expected "anticouncil at Harrisburg for the tion of a party to give it force and e pression. Here is the reply of General Cox: "All know of the matter," he said, "is derived from Mr. Butler's declaration that it was a canard. I have heard of no such meeting called, having this object in view, nor do I know if one was to be held, or contemplated. But, to speak so far as my own knowledge is concerned, there is not a particle of foundation for the rumor."

5. December 15, 1871 The New York Herald New York, NY

Article from The New York Herald, December 15, 1871

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The Eighth National Bank. No further developments were made yesterday at this bank. The receiver (Mr. A. Man) is busily engaged upon an examination of its affairs. He has not yet been able to arrive at any satistactory esttmate of the liabilities of the bank, but says that, so far as he has gone, he finds no reason to doubt the assertion of the officers that the depositors will be paid in full. He believed that a large amount of the funds of the bank had been invested in real estate, but was not prepared to say whether or not the arbitrary sale or the property would cause serious loss. He knew nothing about the rumors of speculations by the President, and expressed his unwillingness to answer questions until he made himself more conversant with all the facts in the case.

6. December 16, 1871 Evening Star Washington, DC

Article from Evening Star, December 16, 1871

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NEW YORK, Dec. 16.-The statement of the receiver of the Eighth National Bank shows the assets to be $1,000,000 against $700, 000 liabilities,

7. December 16, 1871 The New York Herald New York, NY

Article from The New York Herald, December 16, 1871

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BROKEN BANKS. Improved Feeling in Wall Street Yesterday. Unfounded Rumors and Their Result. The Suspended Banks- The Ocean, Eighth Na tional and the Union Square- What They Say and What They Are Doing. Although a feeling of uneasiness was perceptible in Wall street circles yesterday morning the fact that the falsity of the malicious rumors, so ingentously circulated. regarding the instability of several institutions had become established materially diminished the leverish excitement that prevailed the day preceding. Inquiries at the Clearing House and elsewhere fully confirmed the opinion already expressed- that the condition of the banks generally was unusually sound. The bold, though unskillul, manner in which the reckless stockjobbers maneuvred was calculated to create some excitement among those unacquainted with the willy tricks of the sharp intriguers; but when the scheme failed and when it became well known that the institutions against which the groundless reports had been set afoot were sound very confident and satisfactory feeling supplied that of doubt and anxiety. The Bank of the Commonwealth weathered the gale with flying colors and came to anchor without the loss of passenger on the stable craft. In fact, that institution has rather fared well by the excitement, an. although slightly strained on Thursday by the storm through which It rode 80 bravely, the substantial support proffered to tt in the nour of apparent distress was sufficiently demonstrated to prove that it did not lack host of steady financial friends. The committee of the Clearing House finally established the soundness of the bank in question, and there the excitement ends. To be sure the street was a little feverish in the morning, but towards noon business had resumed its nominal condition. Hints were given here and there the effect that trouble might few in proved these entirely itnout truth. So far as could be in tained the banks are the sheets House Clearing several show, and the petty possibly contine tnemselves their own ness the mercantile community would deal great spared The in banking were certainly though why plans 01 be the by matter planation. Having signally falled, then, to create efforts panic, jobbers were low spirited yesterday. while prevailed and comfortable healthy tone at market large. of the subsided to mere drew their checks without exhibit ing symptoms of rapid respiration. Moreover, the large, and 1u this institufirmly aolished. WHA circles that the affairs of some of the national banks required an overhauling, and that precaution should DO against irregularities. Asit 1 impossible to prevent the circulation 111 -founded reports, no loopholes lett whereby ingenious speculators could find flaw cavila in fine, the feeling was a decided improvement and 18 likely to continue. The Ocean Bank-The Depositors' Conferonce. The depositora of this concern, of which Mr. Stevenson, an old paymaster of the Army of the Potomac is President, and Theodore R. Davies was counsel and now receiver, were more clamorous yesterday than ever. Bitter words were uttered AND THREATS MADE against the receiver, Mr. Davies, and the detec. Live, Mr Flynn, who seems to be doing his duty as faithfully as the receiver's orders will permit, but who is now anxions to sever his connection with the bank. For several hours yesterday Mr Davies was closeted with the committee of depositors, and Mr. Flynn refused all admission to the presence of the receiver. About three o'clock reporter of the HERAL lecured moment's who with the receiver, audience SECURITIES THAT deposited in the bank to cover his indebtedness con the bonds sisted and Railroad and of the Portage Uanal first nortgage onas, which he mates worth the These bonds. ports, secured by the wud. Avery William L. very Conant Co. and D. Randolph Martin. This was all the Information Mr. press late as three o'clock, following details were obtained CONFERENCE WITH THE RECEI At ten o'clock yesterday the committ appointed by the depositor of the Ocean Bank confer with receiver, Mr. relative securities and assets of the company. met at office of the bank. and were courteous received his who Mr. Davies, information possible to give upon so short notice. Before the sultation commenced, a question arose as whether SHOULD REPORTE BE Mr. the remain hat to in their doing no had he sonaily not think would their and crude imperfect. hastily report He tetails. and incomplete had late hour the previous night, both hold the private, business Mr. Wan books anything the of hauling the chairman of the said that Monday they would meet their then press would furnished with full and lything importance transpired in the would also meantime reporter saw one the committee after the meeting and this geutleman stated that the that the necessary at absolutely given session to should attsfactorily for publication bitshed the that the depositors will be paid in full, but that the probably suffer very heavily. From present the bank pearances continue business after getting through its present didiculty Mr. Starrs, one the committee to whom Mr. Davies referred one of the HERALD reporters after the conference had ended. expressed his belief that much bank condition of the the BEEN TO BETTER THAN THE PUBLIC HAD LED BELIEVI Some of the depositors late in the day circulated the report that Mr. Davies, the receiver, was a partner detecuve named Edsall, who late chief detectives, Captain John Young, but this statement is untrue. The Eighth National Bank. The doors of the above bank were open yesterday, and depositors met with courteous responses from the polite clerks. One of them stated that the delay in making statement of its assets and liabilities was caused by the fact that about the time the bank suspended. owing the confusion the pination was lost and they unable to open the safes until morning, when mechanic forced open. Later the receiver, Mr. Man, was seen, and pressed the belief that every depositor would rejustly due him. but for few days he would be unable to give statement to the press. The Union Square Bank-Official Statement of Its Affairs. The above bank seems to have secured the sympathy of all banks outside of the Clearing House, and even Mr. Hulburd, Comptroller of the Currency, bears testimony to its good management. Speaking of the causes that led to its suspension Mr. Bixby, Vice President, yesterday asserted that the action of the Shoe and Leather Bank was the cause. He said that when word was first received of the suspension of the Ocean Bank, and it was necessary for the Union Square Bank to provide itself with a Clearing House agent. $24,764 cash and collateral amount $53, 620 were de in the Shoe and Leatner Bank, whereupon the Presid Mr. Stout wrote out certificate to the effect that he was the agent or the Union Square Bank in

8. December 16, 1871 The New York Herald New York, NY

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The Eighth National Bank. The doors of the above bank were open yesterday, and depositors met with courteous responses from the polite clerks. One of them stated that the delay in making a statement of its assets and liabilities was caused by the fact that about the time the bank suspended, owing to the confusion, the combination was lost and they were unable to open the safes until yesterday morning, when a mechanic forced it open. Later in the day the receiver, Mr. C. Man, was seen, and he expressed the belief that every depositor would receive all justly due him, but for a few days he would be unable to give a statement to the press. The Union Square Bank-Official Statement of Its Affairs. The above bank seems to have secured the sympathy of all banks outside of the Clearing House, and even Mr. Hulburd, Comptroller of the Currency, bears testimony to its good management. Speaking of the causes that led to its suspension Mr. Bixby, Vice President, yesterday asserted that the action of the Shoe and Leather Bank was the cause. He said that when word was first received of the suspension of the Ocean Bank, and it was necessary for the Union Square Bank to provide itself with a Clearing House agent, $24,764 cash and collaterals to the amount of $53,620 were deposited in the Shoe and Leatner Bank, whereupon the President, Mr. Stout, wrote out a certificate to the effect that he was the agent or the Union Square Bank in the Clearing House, and sent it to Bloomfield, the printer. These certificates were then sent to the different banks on Tuesday morning. The officers or the Union Square Bank further agreed to send $30,000 in cash to the Shoe and Leather Bank before nine o'clock on Wednesday morning. This money was paid before the appointed time, and Mr. Bixby says that the contract was fulfilled in every way and that ne never had the least douot that the Shoe and Leather Bank would redeem for him, andt nat Its action astonished his directory and by the posting compelied their sus. pension. At a late hour last evening a reporter of this paper met President Cecil, Vice President Bikby, Mr. Nathan, Mr. Beekman and other directors of the bank, who reported that later investigations into the affairs of the bank showed a more gratifying exhibit than that published exclusively in the HERALD oi yesterday sentleman addointed

9. December 16, 1871 The New York Herald New York, NY

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The Shaking Among the Banks. It is a fact well worth notice, that the shaky condition of several of our national banks makes no perceptible impression upon the general current of business, the stock market or financial matters generally-no not even in connection with the very questionable conduct of the government national bank examiner. Some few years ago the suspension or insolvency of one or two banks would have produced a little financial earthquake; but now three, four or more may fail, and scarcely anybody except a few depositors and bank officials is affected. The mass of business men and the community know little about such collapses beyond the little excitement given by the publicity of them through the ever vigilant press. The flurry about the Ocean Bank, the Bank of the Commonwealth, the Eighth National Bank and the Union Square National Bank is but a ripple on the great ocean of banking and financial affairs in this commercial metropolis. The mass of the people who hold the notes of these institutions are secure, because the United States government is bound to redeem the notes and has in its possession bonds for their redemption. Whatever may be said of the national bank system-and we are well aware of the evils connected with it-all must acknowledge this safe and beneficial feature in its operation. The note holders cannot lose unless there should be a great and general crisis and the government be unable to perform its obligations. This is not likely to occur. True, in case of such a crisis, and the bonds held by the government as security for the circulation of the banks should fall below the value of the notes to be redeemed, the loss would have to be made up by the Treasury and the taxpayers would have to bear the burden. But that state of things can hardly be anticipated. To make the community perfectly secure, however, and in view of the great privileges given to the banks by the government, has not the time come when these institutions should be required to redeem their own notes in specie? Should they not be forced to resume specie payments? With the low and constantly declining premium in gold that time has probably arrived. This is a matter that should receive the early consideration of Congress. As to depositors and others doing business with the banks, they must look out for their own interests. They should see that the banks with which they do business are in a sound condition. It will be the duty of the government still to watch these institutions, and to keep a sharp eye on its examining offcials in order to be sure the banks keep up their reserve of legal tenders or speole and do not exceed the operations allowed by law. Should Congress provide for the return to specie payments it may be necessary to amend the National Bank act so as to have a firmer grip on the banks. They have been invested with a national character by the government, and the people look to it for ample security. The difficuities that are occurring with these institutions may lead to a thorough overhauling of them and to an amended or better system.

10. December 22, 1871 Staunton Vindicator Staunton, VA

Article from Staunton Vindicator, December 22, 1871

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The Ocean and the 8th National Banks of New York have suspended. Callend !, the Bank examiner, has been arrested on the charge of taking a bribe of $75,000 to certify the solvency of the former, only a few weeks since.

11. December 27, 1871 Public Ledger Memphis, TN

Article from Public Ledger, December 27, 1871

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LATEST TELEGRAMS. Specials to the Ledger. AMERICAN PRESS ABSOCIATION. TELEGRAPH COMPANY. NEW YORK. ! Collector Murphy Serenaded-The Eighth National Bank ReportTweed's Exit. NEW YORK, December 27.-A grand serenade was tendered ex-Collector Murphy last night, Fisk's band `furnishing the music. All the prominent leaders of his party were present, and at the conclusion of the serenade a collation was partaken in the house of Mr. Murphy. The gas famine, caused by the explosion of the parifying house of the Meter Gas Company, continued last night, though not to such great extent. The Company were able to furnish gas to their patrons of the city during the early hours of the night. It is expected they will be in complete working order in a day or two. The report of the receiver of the Eighth National Bank shows the assets to be $886,803, exclusive of those considered worthless; liabilities, $837,789. The people of France havesent $3500 as a Christmas gift to the Chicago sufferers. M. Haguet of this city has been entrusted with forwarding the money to Chicago. The examination of Tweed's bondsmen commenced to-day before Judge Cardoza. Two of the bondsmen were examined, and further proceedings were adjourned until Thursday at eleven a.m. The Tribune this morning says that intelligence received late last night from a responsible source leaves no doubt that Tweed has fled from justice, and is either in rapid flight from the country or is skulking from the officers, until new bondsmen are secured, to save him from imprisonment. The Tribune also has reliable confirmation of the report that Jay Gould and Hugh Hastings have intimated their intention to withdraw from the bail bond. Terrence Farley, another bondsman, also intimates his withdrawal. It is rumored to-day that he had surrendered his bail and desired the sheriff to arrest Tweed. The rumor of the withdrawai of himself as surety proved correct, and Mr. Farley signed the surrender. During the day Tweed was notified by his friends of Farley's treason, and had he not disappeared last night he would have been arrested and incarcerated. The last knowledge of his whereabouts reached up till 3:30 p.m. Search was continued after that time until one o'clock this morning, but he could not be found. Tweed's property will probably be attached at an early day, on application of attorneys for the people.

12. December 28, 1871 New-York Tribune New York, NY

Article from New-York Tribune, December 28, 1871

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BANK AFFAIRS. INVESTIGATION BY THE CONGRESS COMMITTEETHE CENTRAL SAVINGS BANK. The sub-Committee of the Committee on Banking and Currency. consisting of Representatives Worthington C. Smith, Merriam, and Randall, appointed to investigate the bank suspensions in this city, met at the Clearing-House in Wall-st. yesterday morning, to confer with Messrs. Leverich and Tappen, representing the Clearing-House Committee, on the best means of preventing such disasters as have befallen the Ocean, Eighth, and Union Square National banks. Messrs. Leverich and Tappen were of the opinion that the failure of the banks named was attributable to bad banking. They recommended that a proper compensation should be attached to the office of Bank Examiner, and that it should only be filled by men of approved ability and integrity. They further recommend that Bank Examiners should be moved from one center of finance to another. and not allowed to remain in one place, as in the case of Callender. It is understood that the Committee will urge the passage of an act making it a misdemeanor for a Bank Examiner to borrow money. directly or indirectly. from any bank examined by him, and making it a similar offense for any bank officer to lend a Bank Examiner any money even upon the most approved securities. The Committee have investigated the affairs of the Ocean and Union Square National Banks, but will not report until Congress reassembles. Mr. Merriam informed 8 TRIBUNE reporter last evening that nothing had been discovered calculated to throw discredit on the National Banking system. Mr. Smith has been suddenly called away from the city, and the investigations will be conducted by Mr. Merriam. The Central Savings Bank. at Sixthave. and Fortysecond-st., was organized four months ago, and having had $12,000 on deposit in the Ocean National Bank at the time of its suspension, has been unable to meet all the demands which its depositors have made upon it. Several days have elapsed before checks made by depositors have been honored, and considerable Anxiety prevails among them. officers of the bank have stated that the institution has not paid expenses. The rest of the building which the Bank occupies*is a large one, and although the number of depositors IN considerable, yet the aggregate amount of money intrusted to its care is comparatively small. A TRIBUNE reporter was informed yester day by Mr. Davis, Receiver of the Ocean National Bank, that the amount due the Savings Institution will ulti. mately be paid in full. and there is no doubt from the statement of Mr. Peek, President of the Central Bank, that the bank will be able to pay all its depositors.

13. December 30, 1871 The New York Herald New York, NY

Article from The New York Herald, December 30, 1871

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ANOTHER BROKEN BANK, Another Consequence of the Ocean Bank Failure-The Central Savings Bank Suspended. The Legislature of 1870 granted a charter to certain gentlemen for the establishment of a savings bank at Forty-second street and Sixth avenue, under the title of the Central Savings Bank. owing to some difficulties the bank did not go into operation until a year ago last June, when Charles Peck, formerly President of the Mechanics' and Traders' Bank, located in the Bowery, was chosen President, and other officers elected. They at once commenged business, and have had a fair measure of success, the name of Mr. reck giving confidence to the institution. The depositors were numerous, but the amounts were small, aggregating about fourteen thousand dollars. The Central kept oln deposit at the Sixth National a small amount, against which they drew as occasion demanded, the balance of the deposits being placed in the Ocean Bank until such time as the trustees saw a good opportunity to invest it in proper securities. When the Ocean Bank collapsed they had on deposit $12,000, and owed depositors about $14,000. Since then they have secured $3,000 accommodation from another bank, and commenced paying off depositors-a work that was continued until Thursday, when, running short of funds, they were compelled to suspend payment. Mr. Cnaries Blondell, the Secretary, from whom the above facts are gleaned, reports that the indebtedness of the institution to depositors 18 $12,000. To meet this they have office furniture valued at $5,000, three notes of hand aggregating $1,400, and the $12,000 locked up in the Ocean Bank. He is gune sanguine of the ability of the institution to pay dollar for dollar so soon as it realizes from the Ocean Bank; but it IS believed the officers will be compelled to take advantage or the sixty days' grace allowed by law. He reports the depositors not at all alarmed, and that they are satisfied that in time they will get all due them, without the intervention of a receiver, who would cause delay in winding up its affairs. The present officers of institution are Charles Peck, President; John H. Wilcox, Vice President: Charles Blondell, Secretary; Leonard Hazletine, Cullen Ward, Joel W. Mason, James R. Marvin. Thomas E. Tripler, Charles Peok, Joseph M. Stuart, John H. Wilcox, John E. Hazelton, Charles Biondeil, John Farrell, Z. M. Quimby and E. B. Kenney, Trustees. The secretary reports that within a week they have reduced the deposits by $3,000, leaving their present indebtedness to depositors $12,000. The friends of the institution express great sympathy with Mr. Peck, the President, who, It IS said, by careful management, buit up the Mechanics' and Traders' Bank to its present prosperous condition, when he was ousted by a combination, who had profited by his Irugal management, by a majority of one vote on the election for President. Mr. Peck then directed all his energies to make this new institution a success, and was working without salary, when the collapse of the Ocean Bank settled the fate of his infant bank, that promised to become a large institution. The Eighth National Bank-A Lively Meeting of Depositors. A meeting of depositors of the above defunct bank was held last evening at the Sinclair House in obedience to the call of a number of well known citizens. Five minutes before the hour at which the meeting was called a stockholder (as drunk as he could well be) called 1or the expulsion of all the reporters of the press. Dr. Humphries, one of the stockholders, was called to the chair, and by a unanimous vote the seven reporters present were requested to remain. The drunken stockholder then demanded that each reporter should prove his connection with his journal. The depositors then hooted him, and he was the only one present who voted aye. The Chairman onally secured order after one or the drunken depositors had been quieted, and a meeting that at its inception promised to end in a light resulted in the appointment of the following gentlemen (depositors) as a committee to confer with a similar committee to be appointed by the bank officers-the joint committee to examine the bank's condition and report:-Archibaid Johnston, J. H. Stevenson. Dr. B. C. Berry, George W. Elder, detective Central Police Office, and Augustus Douvalle, Jr. Mr. JOHNSTON, as chairman of the committee, announced that it would meet and organize at the Sinclair House, at eleven o'clock to-day. The meeting then adjourned, subject to the call of Mr. Johnston, chairman of the committee.

14. February 6, 1872 The New York Herald New York, NY

Article from The New York Herald, February 6, 1872

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# EIGHTH NATIONAL BANK. Meeting of the Depositors at the Sinclair House Last Evening. A meeting of the depositors of the Eighth National Bank was held last evening at the Sinclair House, corner of Broadway and Eighth street, Mr. Archibald Johnston in the chair. There was quite a large attendance of the sufferers from the late suspension, and a great deal of feeling was manifested among them. Some of the gentlemen were very anxious to commence criminal proceedings against the officers of the bank. The course of the President, Union Adams, was rather severely reflected upon, as it was declared by Mr. Stevenson, the secretary, that Mr. Adams, whose general high standing among the business portion of the community had drawn a great many depositors to the bank, had on the evening before the suspension drawn $9,000 from the bank, and on the morning of the suspension $6,000, in all $15,000, the full amount of his deposit. Mr. YOUNG said he was not willing to let things go so easy as the committee had reported. out he

15. February 19, 1872 The Wheeling Daily Register Wheeling, WV

Article from The Wheeling Daily Register, February 19, 1872

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WASHINGTON NEWS. WASHINGTON, February 18.-General Banks is settling up his private business preparatory to accepting a foreign mission tendered him by the President. In this connection it is rumored that General Banks will go to Paris, and Minister Wasbburne will return here to succeed Secretary Fish. Meears. Archibald Johnson and J. H. Stephenson, a committee appointed by the depositors of the Eighth National Bank of New York city, arrived here yesterday for the purpose of procuring the authority to examine into the affairs of that institution at the time it was placed in the hands of the receiver. The Controller of Currency, after hearing the statement of Measrs. Johnson and Stephenson, promptly issued instructions to the Receiver of the Eighth National Bank to permit these gentlemen, and an accountant to be appointed by them, access to the books and records of the bank, and to afford them every facility in his power to make the investigation and get at such information as they desire to obtain. It is virtually decided that depositors in national banks have rights which receivers must respect. A sub-committee of the House Banking and Currency committee will shortly leave here to examine into the affairs of the suspended national banks. Their first visit will be to New York. The annual meeting of the American Tract Society was held here this evening, Dr. Rankin presiding. One of the secretaries stated that the annual issues of the Society were 157,000,000 pages, besides 8,000,000 of its six periodicals. The receipts in donations and legacies were over $100,000, and the expenditures over $113,000.

16. February 22, 1872 The Avant Courier Bozeman, MT

Article from The Avant Courier, February 22, 1872

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FROM NEW YORK. NEW YORK. Feb. 16 Owing to the absence of jurors. Stokes' case has been adjourned to Monday. The text of Earl ran ille's letters on the Alabama question will reach this country by Monday or Tuesday next. when the reply will be transmitted. On Tuesday W. J. Pollock was arrested and held to bail in the sum of $20.000 for alf leged smuggling operations in linen at d jute goods. The indicted ringites are greatly interested in thé issue raised in the Stokes cace, as to the regularity of the Oyer and Terminer Grand Jury which indicted him. It Stokes secures the settir g aside of his indictment it will establish a precedent for those indicted by the General Sessions anti-ring jury. as the empanneling of both wäs alike on this account. It is said that John Graham, two g battling for Stokes, is really trying to save i weed. John Boyer a well known singer of this city, committed suicide yesterday. It is said that lie committed the act from his sensitiveness concerning matters which ad been heard about himselt. NEW ORK. Feb. 17. Henry Hefner. who recently shot his son and their attempted to kill himself. died from his injuries to-day. The lately exploded Bowling Green Savings Bank was adju ged bankrupt to-day by Judge C. P. Daiy. The Court of Common Pleas will be ready to try the indictiments against Mayor Hall on the 26th of February. to which time the case has been adjourned. NEW York, Feb. 19. Authority has been received from the Treasury Department for an investigation into the affairs of the exploded Eighth N tional Bank of this city. Special reports from Broome county say that very pure gold has been discovered by a party of workmen while sinking a coal shaft. The Judicial Committee which begins tomorrow the investigation of the charges against Judges ( ordoza. Barnard, Ingraham and McCann. Have agreed upon a specific and tolerably decisive programme as to how the investigation is to be conducted, It seems to have been the first desire to omit the name of Judge McCann from the list of accused in order to use him as evidence against to e others. The opposition of many of the Bar Association. however, because strong that this intention was abandoned, and Junge McCann is to be included among the accused, one of the charges against him being that when acting as Receiver in the Pennington bankruptcy ease he used $70,000 of the money in his charge iii putting buildings. The preliminary trial on the issue in the case of Stokes was continued to-day. Recorder Hackett was examined as to the empanneling of the jurors, Other witnesses were examined. but 110 important testimony elicited. Court adjourned. The examination into the quarantine abuses, to-day. by the Legislative Committee. brought out from Gen. W. White that he was I r sident of the Lighterage Company which paid Dr. ( arnochan $115,000 for license, and $15.000 as fees to another , ticial for the right to board vessels and do all towing and lighting. mail. 9.18 sun

17. February 29, 1872 Marshall County Republican Plymouth, IN

Article from Marshall County Republican, February 29, 1872

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Marshall County Republican PLYMOUTH, INDIANA. NEWS SUMMARY. cann The East. THREE young sons of Mr. Miller, of Sharon, Mass., were drowned in that town on Tuesday by breaking through the ice. Governmenthas commenced an action to recover $22.000 deficit in the accounts of A. M. Wood, late Internal Revenue Collector of Brooklyn Judge Bedford, of New York, has sentenced a garroter named McLaughlin to twenty years' hard labor in the State Prison Charles Gleason and Daniel Dougherty, the Grafton, Mass. bank robbers, have been sentenced respectively to fourteen and thirteen years' confinement in the State Prison Last Friday evening, at Puce River, in the township of Maidston. 15 miles from Windsor, Ontario, Wyett Stuart killed Samuel Hamilton by striking him on the shoulder with an axe, and cleaving him entirely through the body. He afterward smashed two ribs in with the axe. The murderer and his brother, Green Stuart, are in Sandwich jail, and will be tried in April for murder. ELIPHALET A. BULKLEY, President of the Etna Life Insurance Company, died at Hartford, Conn., on the 13th inst A shipcanal between Newark, N. J., and New York costing $12,000,000, is projected The City Sanitary Inspector of New York reports the death of five members of the Brown family occasioned by the occupation of rooms entirely closed atnight, ventilation boing entirely obstructed, the inhalation of poisonous sewer gas, from the use of defective earthenware pipe, and want of proper nourishment. JUDGE WOODROFF, of the United States Court at New York, has sustained the decision of the United States Court in Connecticut, adjudicating the Boston, Hartford and Erie railroad bankrupt. On the night of the 15th, locomotive boiler exploded at the Susquehanna depot, on the Erie road, instantly killing Pafrick McCoy, and severely scalding or injuring six other persons. A fire at Toronto, Ont., on Thursday night, burned nine out of eleven wholesale stores in the Iron Block." one of the finest in the city. Loss estimated at $500.000 insured for $350,000 The dry goods house of Byers & Burnett, at Middlesex, Pa.. was entirely destroyed by fire on Thursday night. W. A. enderson, clerk, barely escaped with his life, he being very badly burned. BUCKHOUT, the murderer, was executed at White Plains, N. Y., on Friday. He betrayed no fear of death, and said he was content to die A woollen mill at Peterboro, N. H., caught fire by spontaneous combustion on Thursday, and was wholly destroyed. An operative named Mrs. Ellen Upton was burned to death. The mill and stock were insured for $20,000 In New York on Tuesday W. Pollock was arrested and held to bail in the sum of $20,000 for alleged smuggling operations in linen and jute goods Richard O'Gorman has been re-elected President of the New York Board of Commissioners of Immigration A collision occurred on the Connellsville railroad, at Layton's Station, Pa., on Thursday, by which two freight trains were telescoped, J. Nurtenny, the engineer, was fatally injured, and four car-loads of live stock were killed. CAPT. LEONARD HENNING, of Elizabeth, N. J., was accidentally shot, on Friday, by his son, 11 years old, probably fatally The challenge of the Atlanta for a four-oared shell race on the Thames is accepted by be the London Rowing Club. Six men will taken to England by the New Yorkers Henry Hepner, of New York, who recently shot his son and then attempted to kill himA. self, died of his injuries on Saturday B. Bartholomew killed Charles F. Storer, of Chelsea, Mass., on Sunday, by stabbing him twice in the breast with a largeknife. Jealonsy was the cause. AUTHORITY has been received from the Treasury Department for an investigation into the affairs of the exploded Eighth NaPittstional bank of New York In the burgh breach of promise case, Mrs. Vankirk or Johnson, the jury has given a verdict for $2,500. Both parties appear to be sat sfied The receiver of the Lorillard Fire Insurance company of New York, has declared a first dividend of 60 cents on the dollar, payable on demand The Pennsylvania Democratic State Convention will be held at Reading on May 30. The West. THE residence and barn of Mr. Julius Hand, near Winona, Minn., were burned about 2 o'clock on Tuesday morning. Three young children lost their lives in the flames. The steamer Nashville sunk at Cincinnatti on Tuesday, injured by the ice She was heavily loaded with groceries and furniture, valued at $175,000. Ryan's marine elevator, at Milwaukee, Wis. was burned on Tuesday. Lose $20,000. Partially insured Thos. Cornell, who was to have been hung at Jefferson City, Mo., on the 15th, has been reprieved by Gov. Brown until April 15, to afford an opportunity to examine his mental condition, it having been asserted that he was insane. McDONALD CHEEK, recently found guilty of the murder of Harris, at Brookville, Ind., has been granted new trial on the ground Both of the incompetency of two jurors. houses of the Illinois Legislature have passed a bill providing for the appointment On of guardians for habitual drun kards Wednesday the lower house of the Wisconsin Legislature adopted memorial to Congress for the repeal of the Bankrupt law by a vote of 73 to 6. ONE span of the iron bridge over the Big Muddy, on the Illinois Central railroad, near Carbondale, gave way on Thursday, and four cars of a wrecking train fell through. Three men were injured, none fatally. The will of General H. W. Halleck has been probated in San Francisco. His wife is appointed the sole executrix and guardian to their son. The property is shared between them. except $5,000 to be paid to his mother, and the use of the homestead in Oneida county during her life. A young man named Good, while adjusting the belt on the ly-wheel of saw -mill at Willow Station, on the Indianapolis and St. Louis railroad on Thursday morning, was caught by the arm, and revolved about the wheela a rapid rate until he was literally torn to pieces. THE California Assembly (Republican) by a vote of 54 to 17, has passed a resolution asking Congress to permit the levying of a special mining tax on Chinese. The Senate (Democratic) has passed the same to engross-

18. March 1, 1872 The Jasper Weekly Courier Jasper, IN

Article from The Jasper Weekly Courier, March 1, 1872

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NEWS SUMMARY. The East. BUCKHOUT, the murderer, was executed White Plains, N. Y., on Friday. He betrayed no fear of death, and said he was content to die A woollen mill at Peterboro, N. H., caught fire by spontaneous combustion on Thursday, and was wholly destroyed. An operative named Mrs. Ellen Upton was burned to death. The mill and New stock were insured for $20,000 In York on Tuesday W. Pollock was arreated and held to bail in the sum of $20,000 for alleged smuggling operations in linen and jute goods Richard O'Gorman has been re-elected President of the New York Board colof Commissioners of Immigration A lision occurred on the Connellsville railroad, at Layton's Station, Pa., on Thursday, by which two freight trains were tolescoped, J. Nurtenny, the engineer, was fatally injured, and four car-loads of live stock were killed. CAPT. LEONARD HENNING, of Elizabeth, N. J., was accidentally shot. on Friday, by his son, 11 years old, probably fatally The challenge of the Atlanta for a four-oared shell race on the Thames is accepted by the London Rowing Club. Six men will be taken to England by the New Yorkers Henry Hepner, of New York, who recently shot his son and then attempted to kill himA. self, died of his injuries on Saturday B. Bartholomew killed Charles F. Storer, of Chelsea, Mass., on Sunday, by stabbing him twice in the breast with a largeknife. Jealonsy was the cause. AUTHORITY has been received from the Treasury Department for an investigation into the affairs of the exploded Eighth NaPittstional bank of New York In the burgh breach of promisecase, Mrs. Vankirk vs. Johnson, the jury has given averdict for $2,500. Both parties appear to be sat sfied The receiver of the Lorillard Fire Insurance company of New York, has declared a first dividend of 60 cents on the dollar, payable on demand The Pennsylvania Democratic State Convention will be hold at Reading on May 30. Ar Jersey City, the Grand Jury have found 110 indictments, most of which are against the ringites of that city and county for peculation of the public funds United States Attorney Davis has not yet taken any action upon the orders of the Attorney General to presecute the New York Custom House officials who are guilty of bribery, but states that at the next term of the courts he will take steps to have the culprits indicted. A PASSENGER car on the Delaware and Lackawanna road, near Binghampton, was thrown down an embankment 25 feet high on Tuesday morning, by reason of broken rail. Several passengers were seriously injured The Coroner's jury at Hempsted, Long Island, on Tuesday rendered a verdict charging Hannah M Fowler and Geo. Fowler, a younger brother of her husband, with causing the death of the latter by arsenic, large quantities of which it is said were found in the liver and kidneys of the deceased Foster, the car-hook murderer, of New York, has been sentenced to be hanged March 22 The oil manufactory of D. C. Beggs, in New York, was burned on Tuesday morning. Loss $6,000. On Friday morning, at Brownsville, Pa., a fire destroyed Wilgers's shoe and hat store, Devere and Co.'s clothing store and building, Gummert's building, Duncan's furniture store, Story's saloon, and a barber shop. Loss $52,000; insurance $25,000. IN New York city on Wednesday an octogenarian named Margaret Watson, while indulging in her habit of smoking in bed, get the bed on fire, and was burned to death. The indicted Ringites of Jersey City, comprising three Police Commissioners, three Fire Commissioners, and the Chief of Police, were on Wednesday arrested and held to bail, some in $6,000, and some in $4,000 R. A. Street's cotton knitting mill and Coffin & Simpson's flour mill, at Kenwood, near Albany, N. Y., was burned on Thursday afternoon. Total loss about $5,000; partially insured A fire at Selin's Grove, Pa., Thursday night, destroyed twelve dwellings, five stores, a Baptist church, and twelve stables and barns. Loss $100,000. The West. THE California Assembly (Republican) by a vote of 54 to 17, has passed a resolution asking Congress to permit the levying of a special mining tax on Chinese. The Senate (Democratic) has passed the same to engrossa ment The shooting of James Trimble few days since, by the guard of the Adams Express Company, was the termination of a series of robberies of their cars of thousands of dollars' worth of jewelry. Through his confession the greater portion of the goods have been recovered Two freight trains on the Toledo, Wabashand Wastern railroad collided near Milmine Station on Friday. Tony Figaro, brakeman, had one arm broken, and John Patterson had a leg broken, and the engines and a number of cars were badly used up. On the same road a freight train run into a car loaded with iron which was standing upon a side track near Carthage. Engineer Steele, the fireman, and brakeman were badly injured The body of Henry A. Sweet, son of Alanson Sweet, an old resident of Milwaukee, was found frozen between Superior and Bayfield, a few days since, where he had gone to look after property The first of the riot murder cases Los Angeles has resulted in a verdict of not guilty, the District Attorney stating that he had only Chinese testimony to offer, which was not reliable. The defense introduced no witnesses. A grinder employed in the reaper works of F. H. Manny, at Rockford, III., OR Thursday, was caught in a belt from a shaft, revolving at the rate of seventy-five revolutions a minute, and almost instantly killed. His head as crushed, and his bones badly broken. The deceased was a Swede,

19. March 18, 1872 New-York Tribune New York, NY

Article from New-York Tribune, March 18, 1872

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NEW-YORK CITY. Arrests last week, 1,312; births, 440; marriages, 156: deaths, 591; loss from 32 fires, $20,955--insurance, $144,600; tax receipts, $90,345 20. The French Ladies' Union, formed a few weeks ago to raise funds for the payment of the French war indemuity, has received thus far $14,000. The 11 o'clock night boat from New-York to New-Haven, which was compelled to discontinue on account of ice, has again restured her trips. Gov. H. C. Warmoth, Gen. G. A. Sheridan, and several other Louisiana politicians, who have been staying at the Fifth Avenue Hotel the past week, left last evening for Washington. The proposed new bank building at Wall and Broad-sts., will be of Vermont marble in the Italian renaissance style, seven stories high, with basement and fire-proof Mansard roof. Its erection will begin about May 1, and it will be completed about April 1, 1873. Albon Man, Receiver of the Eighth National Bank, has made no statement yet, but it is expected that the depositors will recover from 50 to 60 per cent. The Union-square property of the bank, known as the Maison Dorée, has been sold to a sewing-machine company for $365,000. Controller Green made the following payments on Saturday: Department of Docks, wages of laborers, $50,000; Department of Public Works. salaries of employés, including Water Police, for February. 1872, $15,163 94: Engineers and Assistants, Bureau of Sewers, salaries for November. 1871, $906 50, Inspectors of Election, Canvassers and Poll Clerks, $1,500. A long advertisement (a full column) of the Elias swindle was peremptorily refused, over THE TRIBUNE counter, after its exposure began, on the same principle on which lottery and other known fraudulent advertisements are always rejected. Elias thereupon advertises in the minor journals his poor opinion of THE TRIBUNE and its circulation.

20. March 20, 1872 Public Ledger Memphis, TN

Article from Public Ledger, March 20, 1872

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LATFST TELEGRAMS. Npocials to the Ledger. AMERICAN PRESE ABBOCIATION, VIA 8. P. & A. TEL BOOTH COMPANY. NEW YORK. NEW YORK, March 20.-The Staten Island ferry-boat. Middletown, has been seized by the Sheriff's officers to satisfy an execution issued on actions claimed for damages done by the Westfield disaster. This makes the third seizure since the cases began. The company have not yet determined on any course of action in reference to the seizure. The building No. 812 First Avenue, was to tally consumed by fire yesterday. At an inquest on the body of Mrs. Sophia Trevert, killed by her husband on Monday night, the Corouer's jury returned a verdiet of accidental shooting. and exonerating Trevert. who was accordingly discharged. The particulars of the fire on board the bark Commodore Dupont, which arrived here yes. yesterday from Buenos Ayres, are that the fire was discovered in the hold when the vessel was off Cape Henelopen, which evidently originated from spontaneous combustion. The cargo consisted of wool, hides and sheepskins. and was valued at two hundred thousand dollars. The officers and crew made strenuous efforts to extinguish the flames, but without success. Finding it impossible to master the fire. their hatches were battened down and with every stitch of canvas set headed for New York, where they arrived at noon yesterday. When the hatches were opened the flames burst out with great fury, and was only extinguished after the steam engines had deluged the hold with water. The damage to the cargo will probably reach $20.000. Eight members of the Japanese Embassy are expected to arrive at the St. Nicholas Hotel this afternoon from Philadelphia. The receiver of the Eighth National Bank announces that a dividend of twenty-five per cent. will be paid to depositors on the 27th of March. The motion in the Supreme Court to have the widow of James Fisk, jr., substituted as plaintiff in the suits brought by Fisk. has been denied. owing to irregularity of form. with leave to renew the motion with new papers.

21. March 20, 1872 The New York Herald New York, NY

Article from The New York Herald, March 20, 1872

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FINANCIAL AND COMMERCIAL. ANOTHER EXCITING DAY IN ERIE. The Shares Advance to 52 and Fall Back to 50. The London Market and New York on a Level at Last. Reopening of the Transfer Books. OTHER STOCKS WEAK AND LOWER Repetition of the Stringency in the Money Market. One-Eighth Per Cent a Day, or Forty-five Per Cent Per Annum. Decline in Gold and Foreign ExchangeGovernments "Off"-The State Bonds Firm. Dividend to the Creditors of the Eighth National Bank. WALL STREET. } TUESDAY, March 19-6 P. M. On 'Change to-day wheat retained its firmness and was fairly active. Cotton was heavy and a little lower. THE EXPORTS OF THE WEEK. The aggregate exports of domestic merchandise from the port of New York for the week ending March 19, 1872, were $3,120,757. MONEY STRINGENT. The money market was stringent and the best houses on the street had a great deal of difficulty in securing accommodation at 7 per cent. To borrowers submitting stock collaterals the rate was sharp 7 per cent in gold from the beginning, the activity increasing until, late in the aiternoon, as high as 3/6 per cent was paid for the use or money over night. The transactions on these terms were just barely sufficient to make the quotation, but the dealings at 1-16 a 3-32 were plentiful and quite a feature of the later hours of the money market. Prime paper was neglected, although nominally unchanged. Foreign exchange was lower and demoralized. The leading bankers reduced their asking rates to 109 1/2 for sixty day and 1101/6 for sight sterling, but transactions were reported at 1/8 a 1/4 below these quotations in the pressure to sell bills drawn against purchases of Erie for the European market. The creditors of the Eighth National Bank will be paid a dividend or 25 per cent on and after the 27th inst. at the office of the receiver, No. 3 Mercer street. GOLD LOWER-110 a 109% The gold market broke down under the heavy sales of foreign bills forced upon the market in consection with the purchases of Erie by the foreign bankers for European account. There was in reality little pressure of actual gold, either "cash" or in the "regular way," and the supply in the loan market was still scarce 1or speculative deliveries, showing that gold went off almost purely by sympathy with the weakness of foreign exchange. The course of the market is shown in the table:-

22. June 15, 1872 The Superior Times Superior, WI

Article from The Superior Times, June 15, 1872

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THENEWS At Home. A CONFLAGRATION in Tamaqua, Pa., on Friday, destroyed nineteen dwellings and stores in Broad and Centre streets. Loss $75,000partly insured. A NEWFOUNDLAND steamer brings intelligence of the loss of the schooner Velocipede, engaged in the seal fisheries. Twelve persons were drowned W. H. GREEGOR, for some time past chief clerk in the money-order department of the Detroit Postoffice, has just been discovered to have defrauded the government out of upward of $7,000. A YOUNG girl named Smith fell from the Vandalia railroad bridge, across the Wabash, near Terre Haute, on Saturday, striking the water 40 feet below. She sank twice, but was reached and taken out in time to save her life IN the United States Court at Des Moines, Iowa, on Friday, P. D. Banks, of Clarinda, Page county, who plead guilty to the charge of robbing the mails, was sentenced to ten years in the Iowa penitentiary. MONDAY morning the boiler of Gordon company's bleaching works. Crease street, Philadelphia, exploded, killing one man and fatally wounding girl. Five other men were also injured. BRICK POMEROY had a mandamus served on each member of the municipal board of New York city, and it was to compel the payment claim of his bill for city advertising. The amounts to between $40,000 and $50,000. IT is reported that $30,000 of the funds of the Eighth National Bank of New York are missing. Examiner Callender says that the President of the bank will be proceeded against for complicity therein. DECORATION DAY was generally observed throughout the North, and also in some of the large cities of the South. At Woodville Cemery.Cleveland, a beautiful granite monument erected to the memory of members of the Seventh Ohio Infantry, was dedicated. BACKMAN has offered Mr. Bonner $10,000 for the foal that the dam of Startle is soon give to the country. Mr. Bonner paid $5,000 for the colt. dead or alive. On Wednesday morning, at Pocahontas trotted in harness, a half-mile, Fleetwood Park, in 1:061/4 DIBBLE, WORTH & Co., New York, cotton brokers, suspended c Saturday, having been cramped by the withholding of large amounts of cotton, by Southern dealers. Other cotton merchants, who have contracted to deliver time, are embarrassed, and other suspensions are expected GEN. SHERIDAN advises the War Department that there are about 2,500 hostile Indians collected near Fort Berthold, who have declared their intention to oppose the progress of work on the railroad this summer. They have torn up the stakes planted by the surveying party in the Powder River country. THE annual meeting of the American Press Society was held in Boston, Monday afternoon, and presided over by Amasa Walker, The anniversary exercies of the Society take place June 16th, Sunday evening. which time is Inchosen appropriate to the opening of the ternational Peace Jubilee on the 17th. A REPORTER who visited the school-ship Mercury, which lately returned from a cruise in the South Atlantic, says that, while the officers report only two boys missing, some of the crew say they lost eight boys during the cruise. Two or three jumped overboard off the coast of Brazil. Another jurrped overboard while close to New York. SENATOR LEWIS caned Mr Seilheimer, the New York Herald correspondent, in the capitol, at Washington, on Thursday evening, for having said that he (Lewis) was in sympathy with the Greeley movement. The Senator first called him liar, scoundrel and puppySeilheimer did not defend himself from attack. and was not seriously injured. CAPT. DICK, of the bark Stormy Petrel, at Fortsmouth, New Hampshire, from Scotland, reports seeing a Norwegian ship on the 2d of May, in latitude 50 deg. 10 m., longitude deg. 40 m., with passengers for Quebec, with the loss of spars, and suffering severely from heavy gale. The captain thinks she went down soon afterward. AT Memphis, on Friday, George F. Stark, attached to Ney's circus, while ascending in balloon, struck against the Jackson block. The ropes supporting the trapeze on which he was seated parted, letting him fall the ground, a distance of fifty feet, cutting and bruising him in horrible manner. There His is little or no hope of his recovery. parents reside at Columbus. Ohio. ON Wednesday, at Grass Flat and near Oil City, while the workmen were reaming the oil well, there was a sudden flow of oil and ga and an explosion occured in the derrick blow ing the men outside to considerable distance and setting them on fire. Two of them. Andrew Lavens and Robert Bone, were burned to death in short time. Two others were seriously burned, but will recover. WITH reference to the demand of the Chi eago Typographica Union for an advance of 10 per cent. on the present rate of wages, it may be stated that the notification to the employers declares that the advance is only asked on account of the increase in rents and is of a temporary character, the printers being willing to return to their old rates as soon as the house market resumes its normal condision IT is known from an official source that the Treaty of Washington is in peril, the United States having placed on Great Britain the responsibility of its failure, and the President and Senate being determined to make no further concessions. The telegrams last received do not give hope of an early adjustment, as is said that Great Britain requires the une quivocal withdrawal of our claims for indirect damages. MAIL accounts of the freshet a few days'ago in southwest Missouri say that whole farms in the valleys of Spring river, Center creek and other streams were completely washed away, leaving nothing but rock and gravei. Live stock of all kinds were drowned in large numbers. Hundreds of yards of the Atlantic and Pacific Railroad track were swept from its bed into adjacent fields. A wall of water five feet high rolled down Spring river valley, leaving only devastation behind it. Abroad. INSURGENTS are again becoming troublesome in Cuba. MISS KELLOGG, the American prima donna, sings at Buckingham Palace on the 20th. THE Figaro announces, on what it claims to be the best authority, that M'lle. Christine Nilsson will be married to M. Rousscoad, of Paris, early in July next. LIEUTENANT FREDERICK D. GRANT, while in Moscow on the 18th instant, was presented to Czar Alexander, who happened to be in that city that day THE excitement in Spain, which was occa-

23. December 3, 1872 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, December 3, 1872

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Of these banks, the Union Square National Bank, New York; the Fourth National Bank, Philadelphia, and the Waverly National Bank, New York, have paid their creditors in full, a settlement, it is believed, without precedent prior to the establishment of the national system. The Eighth National Bank, New York, has paid a dividend of 50 per cent; the Ocean National Bank, New York, a dividend of 70 per cent; and the receivers of the Ocean National Bank, and of the First National Bank of Fort Smith, Arkansas, estimate that the creditors of both of these banks will ultimately receive a dividend of 100 cents on the dollar. The remaining ten National Banks which have failed are as follows: