16042. John J. Cisco & Co. (New York, NY)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: private
Start Date: January 15, 1885
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: b368988c

Response Measures

Full suspension

Description

Multiple contemporaneous newspaper dispatches (Jan 15–16, 1885) report a run by depositors triggered by circulating reports about the firm's credit and shrinkage in railroad securities; the firm made an assignment to an assignee for liquidation (closure). Assignment indicates permanent closure/liquidation rather than reopening.

Events (3)

1. January 15, 1885 Other

Newspaper Excerpt: The matter rather in the nature of a liquidation than a failure, as it is stated that all depositors will be paid in full as soon as securities can be realized upon.
Source: newspapers

2. January 15, 1885 Run

Cause: Rumor Or Misinformation
Cause Details: Circulating reports/telegraphed rumors of embarrassment following shrinkage in railroad securities led depositors to withdraw funds
Measures: Depositors withdrew funds; firm subsequently made an assignment; newspapers note 'All moneys deposited with the firm will be returned tomorrow.'
Newspaper Excerpt: reports affecting the credit of the firm were denied at the time, they led to a steady and increasing run by depositors
Source: newspapers

3. January 15, 1885 Suspension

Cause: Voluntary Liquidation
Cause Details: Firm made an assignment to Louis May for gradual liquidation (assignment without preference) after runs and loss in value of railroad securities
Newspaper Excerpt: John J. Cisco & Co., the big bankers, assigned late this afternoon. The liabilities are stated at $500,000.
Source: newspapers

Newspaper Articles (11)

1. January 16, 1885 Sacramento Daily Record-Union Sacramento, CA

Article from Sacramento Daily Record-Union, January 16, 1885

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AACAG been appointed Postmistress at Fulton, Cal. Oliver Eros., in Phillips, Oliver & Roberts Wire Company, limited, of Pittsburg, have suspended payment. John J. Cisco & Co., New York bankers, assigned late yesterday afternoon. The liabilities are stated at $500,000. Captain Isaiah Rynders, who was United States Marshal for New York District under President Buchanan, died Wednesday. A portrait of ex-President Hayes, painted by Huntington, was received at the White House yesterday, and will be hung in the main corridor. Admiral Courbet, in command of the French fleet in China, began yesterday landing troops for the occupation of the mines at Kelung. C.P. Huntington has just bought a seat in the New York Stock Exchange. This is supposed to foreshadow more activity in Huntington securities. The Eastern Pig-Iron Association met yesterday at the Astor House, New York, with President Eckert in the chair. Representatives were present from all the cities of the East. An Anarchist plot has been discovered Lyons, France. The plot contemplated the at seizure by night of arms belonging to the Rifle Society and an immediate proclamation of revolution. Germany has acceded to England's posal that neither Power shall annex pro- the Samoan Islands, This agreement will put an end to the scheme of the British colonists in New Zealand to annex the islands. Four hundred unemployed workingment held a meeting at St. Cungonde, a suburb of Montreal, Tuesday night. and adopted resolutions asking the Government for legislation classes. in the interests of the working James R. Keene, the New York grain operator, had a rough and tumble fight with a car conductor on the Long Island Railroad Monday, because he had left his commutation ticket at home and refused to pay his fare. The Prussian Landtag opened in Berlin yesterday with customary formalities. The speech of Emperor William, King of Prussia, was an important feature of the opening ceremonies. The speech was read by an officer. The Council of Montreal Board of Trade waited upon Sir John A. McDonald, Premier of the Dominion, Wednesday, to represent the necessity that existed for the enactment of a law for the equitable distribution of insolvent estates. The Pennsylvania House of Representatives, by a unanimous vote, adopted the Senate concurrent resolution pledging the faith of the State to an appropriation hereafter of $10,000 for the display of the Pennsylvania exhibit at New Orleans. The admission of Mr. Huntington, by Assistant Bishop Potter, to the Order of the Holy Cross in New York, which made such a stir among the Episcopal clergy and laity, has evoked strenuous opposition on the part of Bishop Alfred Lee, of Wilmington, Del. An anti-Jewish riot occurred at Kilkomir, Russia, Wednesday. A party of army recruits made a furious attack upon the Jewish residents. One of the latter was killed. The police were powerless to quell the disturbance, but firemen came to the rescue and dispersed the rioters. A Panama dispatch says The most alarming condition of affairs prevails throughout the republic. A general confliet is imminent. The civil war is under way in Cundinamerca, Boyaca, Santander and Magdalena, and seems about to break out in the important State of Cauen. Germany has rejected the proposal regarding Egyptian finances recently submitted to the Powers by England, and accepted the counter proposalssubmitted by France. The latter embody the financial scheme which England distinctly rejected at the Egyptian Conference in London last spring.

2. January 16, 1885 Lancaster Daily Intelligencer Lancaster, PA

Article from Lancaster Daily Intelligencer, January 16, 1885

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TWO VERY HEAVY FAILURES OLIVER BROS. if PHILLIPS OF PITTS. BURG, AND A NEW YORK BANK Events in the Business World That Created Some Consternation Belief That Both Firms Will Rally From the Severe Shocks- The Causes of Them. Thursday afternoon Oliver Bros & Phillips and the Oliver and Roberts company. of Pittsburg, (limited) issued the followin card to their creditors We to-day compelled to suspend payment. and purpose call. ing immediately meeting of those interested to whom we believe we can show assets amply "sufficient. with some indulgence. to pay every dollar of our liabilities Regarding the cause of embarrassment there are numerous sensational stories atloat. but most of them have been denied. One of the stories was to the effect that paper othe amount of 880,000 had been protested in New the York among the bankers. It is said that banks were willing to continue to carry the paper of the firm. but owing to the hard times and the scarcity of money. the firm was unable to raise money to meet the interest and pay its employes. The pay-rolls are said to have amounted to from $200,000 to $250,000.00 month, and it is said this was too much to meet any longer. Harry W. Oliver was a member of the National Republican convention held at Cin cinnati in 1876. and was the caucus nominee for United States senator in 1881. but failed of election. Afterward he was the Pennsyl vania member of the tariff commission and took a leading part in the work of that body. For many years the firm of which Mr. Oliver is the head has been regarded as one of the strongest iron concerns, financially in the country. and its suspension will occasion general surprise. The works at one time employed over 3,000 men. Some eighteen months ago Harry Oliver visited England, and on his return imported workmen and erected a steel-mill. into it has been impossible for information-see is ers to obtain entrance. The new process said to be a better one than the well-known Mushel process. The firm sheen uniformly successful and the profits have aggregated millions Three years ago Mr. Lewis retired from the firm with a tortune of several mill. ion dollars. The present members are H.W. Oliver, jr., D. W. Oliver, George Oliver. J. B. Oliver, J. M. Phillips. and several relatives of the original proprietors, Harry Oliver's railroad speculations have been on a large scale. and he is said to have cleared $400,000 in a single deal in Lake Shore stock alone. Bankers say the firm has reduced its lines to a lower point than for years and its embarrassment is thus a greater surprise. Some attribute it to the purchase made in the Isabella Furnace company, not expecting the money to be called for, but which was unex pectedly demanded. The embarrassment does not effect the H. B. Scott & Co. barbed wire works, owned principally by the firm. Oliver. Roberts & in Co. are wire-workers and are included the embarrassment of the other firm. The news of the suspension almost caused a panic among the employees but when it was stated that an extension would probably be granted and the mills continue in operation. the men set about to devise some means to aid the firm. \ meeting of the workmen of the Wood's Run mill as held. and it was unanimously decided to return to work at the reduction whichthey refused last week. To-morrow meetings will be held at the several South side mills controlled by the firm be and it is thought that similar action will taken. Big Bank Failure John J. Cisco & Co., bankers of New York, made an assignment on Thursday Their liabilities are estimated at $2,500 000 : assets about the same. All Associated Press dis patch says: "The firm was intimately connected financially for many years with the Louisville & Nashville and the Houston & Texas Central railway companies and have suffered from the late decline in the securities of these corporations, as well as the general shrinkage in values throughout the year 1884. The senior partner died last year. and on April 1st next the be affairs of the old firm were to closed up and everything would have gone on as usual that time but for the reports that they were embarrassed. which were started about ten days ago and telegraphed throughout this country and Europe. These reports grew out of the fact that the firm was understood to be largely interested in Houston and Texas Central bonds which have greatly depreciated since the present manage ment of the road. caused the coupons of the first mortgage bonds to be bought by the Southern development company instead of paying them direct as heretofore. Although the reports affecting the credit of the firm were denied at the time they led to a steady and increasing run by depositors, and it was deemed best for the benefit of all their creditors to make an assignment without preferences for the purpose of gradual liquidation of their affairs. As generally believed the matter is rather in the nature of a liquidation than a failure, as it is stated that all depositors will be paid in full as soon as the securities can be realized upon.

3. January 16, 1885 Sacramento Daily Record-Union Sacramento, CA

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THIS MORNING'S NEWS In New York yesterday Government bonds were quoted at 1217/₈ for 4s of 1907; 1127/3 for 41/28; sterling, $4 81½/2@4 85½; 1013/8 for 3s; silver bars, 1083/s. Silver in London, 497/gd; consols, 99 13-16d; 5 per cent. United States bonds, extended, 105; 4s, 1253/₈; 41/28, 1157/g. In San Francisco Mexican dollars are quoted at 84½/2@86 cents. In the San Francisco mining share market yesterday the middle stocks in particular, and the Comstock shares in general, were firmer. Hale & Norcross rose to $5½ under the purchases of some of the most prominent brokers on the Board. The outside stocks were irregular. The most alarming condition of affairs prevails throughout the Colombian Republic, and a general conflict is imminent. An anarchist plot has been discovered at Lyons, France. The French fleet yesterday began landing troops for the occupation of the mines at Kelung. The Prussian Lantag opened in Berlin yesterday. A serious anti-Jewish riot occurred Wednesday at Vilkomir, Russia. C. P. Huntington has purchased a seat in the New York Stock Exchange. John J. Cisco & Co., bankers of New York, have failed for $500,000. The Eastern Pig Iron Association are in session at New York. The portrait of ex-President Hayes reached the White House yesterday, and will be hung in the main corridor. Oliver Bros., of the Phillips, Oliver and Roberts Wire Company. Pittsburg, have suspended payment. St. John says Clarkson's story is infamously and maliciously false." A colliery explosion at Leven, in Pas de Calais, France, yesterday, entombed forty-eight men. George Traviss was hanged in Wellsboro, Pa., for the murder of Martha Sylva. Lieutenant Commander Gorringe has been stricken with partial paralysis in New York. Germany has agreed with England that neither Power shall annex the Samoan Islands. The New York Senatorial question is still unsettled. Captain Isaiah Rynders, an old-time New York politician, died in that city Wednesday. Merced now has a chain-gang. N. C. Clark pleaded guilty at Marysville yesterday of attempting to wreck a freight train, and was sentenced to three years in the Folsom Prison. A Convention, composed of the Democratic State Central Committee and one delegate from each of the County Committees, met in San Francisco yesterday, to "bridge the bloody chasm" between the two wings of the party. George F. Grant was accidentally shot and killed at Oakes, Idaho, Wednesday. A terrible tragedy is reported from Albion, Idaho, in which two men killed each other. A meeting of 5,000 persons out of employment was held in Birmingham, Eng., yesterday. A Silver Convention is to be held in Carson, Nev., on the 31st. The "toughs" of Huntington, Or., defy the authorities and law-abiding citizens, and serious trouble is imminent. A Chinaman was shot and killed at San Jose yesterday morning by one of his countrymen. Ben. Smith, over twenty years an employe of the bonanza firm," died last evening in Virginia, Ney. The Republican legislators of Pennsylvania, in caucus, yesterday nominated J. Donald Cameron for United States Senator. Captain Mark M. Robbins, recently shot in San Francisco by his brother-in-law, Oscar Walter, died yesterday.

4. January 16, 1885 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, January 16, 1885

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Big Bank Failure. NEW YORK, January 15.-John J. Cisco & Co., the big bankers, assigned late this afternoon. The liabilities are stated to be $500,000.

5. January 16, 1885 Seattle Daily Post-Intelligencer Seattle, WA

Article from Seattle Daily Post-Intelligencer, January 16, 1885

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protect 10 8/B cal interest and have an important bearing on the question lately raised between Gen. Sherman and Mr. Davis." The Sun proposes to print them. The English Press on Grant. New York, January 15 The Herald cables an editorial from London on Grant. which calls him a modern Belisarius, and says: From fighting the enemies of his country, be has tarmed to fight Wall street's beasts. N Napoleon watching the sunset across the Atlartie was not half 80 acute a sufferer as Grant receiving his banners and badges, a conquest from the hands of the money king The provincial papers make the kind. est references both to Grant and Van derbilt. All the papers are paying of late unusual attention to American affairs. Assignment of John J. Cisco & Co NEW York, Jan. 15.-John J. Cisco & Co., the big bankers, assigned late this afternoon. The liabilities are stated at $500,000. It was officially announced shortly after the close of business that the eld banking firm of John J. Cisco & Son had made an assignment to Louis May, formerly of the firm of May & King bankers, who are also the assignees of Halstrad, Haines & Co., which The firm concern suspended some months ago. was intimately connected financially for many years with the Louisville & Nashville and the Houston & exas Central Railway Companies. Owing to the shrinkage in the values of the above securities, reports were started several days that the firm was embarassed Although reports affecting its credit were denied at the time. they led to a steady and increasing run by depositors, and it was deemed best for the benefit of all ereditors, make an assignment with to out preference for the purpose of 18 gradual liquidation. The matter rather in the nature of A liquidation than a failure, as it is stated that all depositors will be paid in full AS soon No as the securities can be realized upon. statement has yet been made A. up. Cisco, The a present partners are John son of John J. Cisco, and F. A. Foote The late John J. Cisco was for a long period of time sub Treasurer of the United States at New York. All moneys deposited with the firm will be returned tomorrow. An Open Letter. New YORK, Jan. 15.-The New York Freeman, the colored people's newspa here, will publish tomorrow an open per letter to the Democratic party, written by Geo. T. Downer. a well known colored man. The following 14 the tex: To Honorables Wm E. Dorshetmer, D. Dudley Field. Algernon S. Sullivan, A. Prior and Jos. Pulitier-GEN R. TLEMEN: I take the liberty to address this open letter, because you are you Democrate and have influence with your party, and because I believe your dev will pure Democratic principle+ tion admit to of your advocating that the D Dem in orratic party shall beneeforth favor the not recognition of the colored heretofore element done. of I the refer land as with it has some pride to the fact that to better jadgment prompted me my toward bringing about such A efforts 88 would condition of public affairs discussion of the colored vote, w and warrant that they have not been fruitle 8. regard the election of Hon. affords Grover Cleveland as a happy event. It opportunity for the Democratic party to encourage a consistent and just policy I toward the colored man, which will be taken advantage of This believe belief arises from expressions made by the Pr aident-elect. already fromleneouraging declarations unexpect by Hon. Thos A. Hendricks ediy the given significant stand taken in from Congress by such a number of DemoO'Hara's amendment to the crate on -State commerce bill, from the po inter affecting civil rights of the color sition taken by Mr. Cleveland 89 Goved man of New York, and of ernor of the State number similar ju stand taken by 8 rial a of Democratic Governors because mate of interests prompt such a line and because it isjust. A number policy eircumstances are having an effect to of the colored people from the inarouse to the party that has been upon them. toxication as They will be enabled the future to discriminate, and in more jadgment as to men use policies and acts and partisan Democrate who are much There are with disposed to deal as fairly the others, but colored man as have been onfortunately who hampered and restrained by an element within their party which has caused the party to be disgusted and by for at least twenty four long passed by a majority of the people This years of the party cannot in good e faith element expect more liberal division to 8 or to sacrifices adbere make of the further past not suited to the pres policy of affairs. It cannot be ex ent state at such cost. that policy pooted with decis ations of the party DR wars made in 1872. and emphatically tionally IN its nation platfor - only a few repeated months age ID obedience to the dend of public sentiment. This ad m mind is made to you. ge at men, not vance any right, but because you 1. concede representatives of & portion of the 1 are Democratic party, which in a power do warranted in appealing to is. feel a drists is upon the party. so because the Democratic party IS in a because mellow mood touching the inter more colored man than has exhib est of the itself within my day, because I ited been slave to party. The BAVE never may be won. which is bet colored vote it. That which ter than to the thereto reto intimidate do-a not call for a 18 necessary from what it has be of come, change I may virying say to some law, extent beyond orystal- what (zed into eustom conceded to be just. It inhas been of verted interests volves no It disreward claims the Invasion of or propriety. or domiciliary right. What no private is respect for common or 14 pablic Decessary rights. regard for merit, intellee of attainment, respect, irrespective tual including Dataor proper feelings color, It does B $ inral and just aspirations.* because of color by voive dominition I hope for fair play. write or my colored. white fellow citiz B. who Certainly advantage of centuries of oulture has the will dominition, and who is wealthy and from noting justly not be restrained of the black man through any thought field becoming in a free and equitable Distrust of the master of the party has substion. been felt by the Democratic man, and not by him alone. It colored the party out of power in 1860, on involving the threw colored man's issues is about to be reinstated. the May rights. its It new advent to power be for best." Battroad Pool Awards. Jan. 15.-At a meeting of

6. January 21, 1885 The River Press Fort Benton, MT

Article from The River Press, January 21, 1885

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Assignment. NEW York, January 15.-John J. Cisco & Co., the big bankers, assigned late this afternoon. The liabilities are stated at $500,000.

7. January 22, 1885 Helena Weekly Herald Helena, MT

Article from Helena Weekly Herald, January 22, 1885

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Failure of John J. Cisco & Co. NEW YORK, January 15.-John - J. Cisco & Co., the big bankers, assigned late this afternoon. The Liabilities are stated at $500,000. NEW YORK, January 15.-It was officially announced shortly after the close of business, that the old banking firm of John J. Cisco & Co. had made an assignment to Louis May, formerly of the firm of May & King, bankers, who is also the assignee of Halstead, Haines & Co., which concern suspended some months ago. The firms were intimately connected, financially. for many years with the Louisville & Nashville and Houston & Texas Central Railroad Companies. Owing to the shrinkage in values of the above securities reports were started several days ago that the firm was embarrassed, although reports affecting the credit of the firm were denied a at the time, but "they led to steady and increasing run by the depositors, and it was deemed best, for the benefit of all creditors to make an assignment without preferences for the purpose of gradual liquidation. As generally criticised this afternoon the matter is rather in the nature of a liquidation than a failure, as it is stated that all depositors will be paid in full as soon as securities can be realized upon. No statement has yet been made. The present partners are John A. Cisco, son of John J. Cisco, and F. A. Foote. The late John J. Cisco was for a long period Treasurer of the United States at New York. All moneys deposited with the firm to-day will be returned to-morrow. NEW YORK, January 16.-Up to a late hour this afternoon there were no failures growing out of the Cisco suspension. The accepted reason for Cisco's assignment now is that the daughters of the late John G Cisco, co-heirs with Cisco of the present firm, insist upon having the estate liquidated and withdrawing their funds from the concern.

8. January 23, 1885 Milford Chronicle Milford, DE

Article from Milford Chronicle, January 23, 1885

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NEWS OF THE DAY GENERAL ITEMS. not purm Meinecke, the Elmira murderer, from Binghamton Jail, was Sussex barn near Owego, N. Y. He That is ndmly and was taken back to jail. rrelat New Orleans one policeman lished the another. spinners of Fall River, Mass., have resolved to strike. They will accept the reductions in prices. bill has been introduced in the Dakota Legislature to remove the capital from Bismarck to Pierre. -The special Grand Jury appointed by the Cook County, III., Criminal Court returned indictments against large number of persons charged with having been engaged in the Chicago election frauds. Seventeen in alids were burned or sufforated to death in the blazing ward of lunatic asyium at Kankakee. IN There was absolutely no provision for extinguishing the fire. There were many escapes and gallant rescues. The corpses of the victims were so charred that they could not be recognized. At West Attleborough, Mass. officers captured three in an old hanty, together with the worm and other implements of whisky manufacture. fire in Mobile, Ala., two women were burned to death. At Abraham Ernst's sawmill. onethe Lebanon and Tremont Railroad near Keffer' Station, Pa.. boiler explode killing three men and injuring two Others, At St. Party Minn., D. E. Swann, the Newthern Pacific embezzler, was sentenced. on two indictments, to imprisonment, at hard labor, for thirteen years and six months. The Republican Senatorial caucus at Denver. Col. declared Secretary H. M. Teller as its choice for United States Senator. Two young ladies were poisoned at St. Albans, W. Va. through some person having put arsenic in water which they used in preparing their breakfast. A woman 110 years old was burned to death at Petersburg, Va., by her clothes catching fire. Dr. M. F. Carver completed his week's work Saturday night and scored 60,000 hits 9:48, and at 9:50 retired with 60,016 to his credit He made 60,000 hits out of 64,881 shots, His exploit caused little excitement even among sporting men. Five Kiowa Indians were found frozen to death in Indian Territory. young man undergoing imprisonment in the jail at kersburg, W. Va. claims to be a grandson of Thomas Campbell, the Scotch poet. There is another filibuster excitement at Key West, and the authorities are taking very active measures to discover an alleged expedition. The Ohio Legislature is about to investigate the Hocking Valley strike. The liabilities of Oliver Brothers & Phillips, of Pittsburg, will be between four and six millions. The failure had very little effect in other cities. -Frankie Roberts, the midget, on whom the cesarean operation was performed in Syracuse, N.Y.,is dead. -A bill was introduced in the Texas Senate providing for the repeal of all patent laws regulating the sale of public lands. -In the PennsyPvania Senate a bill was introduced having for its object the infliction of corporal punishment on any man convicted of having beaten woman. Oliver Brothers & Phillips, the great iron manufacturers of Pittsburg. Pa., have suspended payment. Liabilities from three to five millions, C The old banking firm of John J. Cisco & qu Co., of New York, closed its doors, with liabilities of $2 2,500,000. and assets enough. it is claimed, to pay in full. Unfort nate railroad investments aad gradual loss of business were the causes of the failure. fe It is reported that Colonel Aguero and other Cuban chiefs are expecting an expedition from the United States. -A train on the Lehigh Valley Railroad ran through an open switch into Stony Creek. The engineer remained at his post and escaped inthe jury, while fireman jumped from the locomotive and was killed. cre Meinecke, the wife murderer, escaped m from the Bing ton, N. Y. jail through to careles of the officials, who locked up a dummy in his cell aud left the door of a corridor open for the live prisoner's exit. The opposition to the Nicaragua Canal and other treaties is rapidly weakening. H Ex-Governor St. John, the recent prohibition candidate. pronounces the charges made against him in connection with his canvass utterly false. des The republican legislative caucus at HarMa risburg, Pa., nominated Senator Cameron for re-election. 18 try Great damage was done to farm property generally by the tornado in Alabama and vilist cinity. A number of lives were lost. The Democrats, with the aid of one Republican, elected Schenok President of the New Jersey Senate The Boston Board of Health have forbidber den the storing of old rags or paper within He any dwelling. The grinders in the Oliver Chilled Plow to Works, at South Bend, Ind., struck. Arming Ind themselves they forced the other employees to sen quit work. When the men refused to do s the they were attacked and beaten The belts Roa were cut, and the rioters finally went to the the engine room and forced the engineer to shut down. -A snow storm reaching from Northern Iowa to Northern Texas and from Cincinnati, Gra: Ohio, to Kansas City, Mo., has blocked tion trains on many roads and seriously delayed his the mails. Burgiars with blackened faces broke into can the house of Mr. Mellons, near the village of 314 Chappaqua, N. Y. Mrs. Mellons threw one who down stairs and the o her beat her husband badly. The burglars fired at both. The village grocer was also robbed and fired at, probCa ably by the same men. Dem resid -A steam saw mill near Smithfield, Ohio, was blown up, killing three persons, fatally inCa toga juring two others, and wrecking the building. an John B. Jervis, the engineer who built the Croton Aqueduct, died in Boston. He was 90 years of age. Unit -The Ohio Wool Growers' Association Line adopted resolutions calling upon all industries of the United States to oppose the Spanish but treaty, on the ground that would destroy not the sugar, rice and tobacco industries, and date calling upon the wool growers to unite in demaud for the restoration of the tariff of 1867 on wool. Gov. Stockley, of Delaware, issued a proc lamation saying that contagious pleur pneuPubli monia exists among the cattle of that State, bill and ordering that all diseased animals be quarfirst antined. empt tank of ammonia blew up in Syracuse and eight men dag out of the ruins; one of them was fatally injured. has WASHINGTON NOTES. ment -A thorough investigation of the Special tlers Agent's office in the New York Custom House be promised by the Treasury Department public The democratic members of the House in haust caucus defeated resolution to follow the maority of the Committee on appropriations in reciding upon the business of the session. The South The Senate Committee on Pensions remuch orted adversely on the bill to grant pension vieini $30 month to Emma De Long, widow of work late Lieutenant Commander De Long. report of the majority merely

9. January 24, 1885 The Livingston Enterprise Livingston, MT

Article from The Livingston Enterprise, January 24, 1885

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NEWS OF THE WEEK. Rear Admiral Powell is dead. The office of territorial attorneygeneral has been created in Idaho. Dr. Carver won his famous wager to shoot 60,000 glass balls in 6 days. Sister Theresa a niece of James G. Blaine lately died at her convent, Wilkesbarre, Pa. Spain is still being visited by earthquake shocks and the suffering of the people daily increases. The town hall of Westminster, England, was destroyed by dynamite on the 14th. No arrests. The Bay State Sugar Refinery and the Standard Dye Wood works at Boston burned on Sunday. Louisiana on Saturday reported the coldest weather of the season accompanied by a heavy snowstorm. The Tennessee legislature has passed very stringent laws prohibiting polygamous Mormon teachings in that State. Chadwick, cashier of the Pacific National Bank of Nantucket. is a defaulter to a considerable amount. He lived too high. The Hanauer smelter seven miles from Salt Lake City was burned last Friday night. Loss about $25,000; insurance $10,000. The band of 40 mutineering Mexican soldiers have turned bandits and several robberies and other outrages are reported. Machinery has been shipped to Calgary on the Canadian Pacific with which to begin drilling for petroleum which is believed to exist there. Oliver Bros. & Phillips, the great iron firm of Pittsburg, have suspended. Liabilities $3,000,000 to $5,000,000 which they are reported able to pay if given time. The old New York banking firm of John J. Cisco & Co. has failed. The firm held railroad securities, the shrinkage in values of which caused their insolvency. A civil war is in progress in many of the provinces of Panama republic and there has been much fighting. The trouble arises out of opposition to the government. Arrangements have just been made for buiiding the Northern Railroad of Guatemala, which is to run from Port Barrios, on the Atlantic, to Guatemala City, 230 miles. Gen. Hazen, chief of the Signal Service Bureau. is likely to be courtmartialed on charges of lying, slander and other conduct unbecoming an officer and a gentleman. Five Kiowa Indians were found frozen to death near Camp Angas, Indian territory. From indications they had been out on a hunting expedition and were all drunk. The Portland & Willamette Valley railroad has been incorporated to extend the narrow gauge road from its present terminus at Dundee to Portland, Oregon, a distance of 30 miles. Tramps on a train near Overton, Texas, refused to pay fare and when the train hands attempted to put them off opened fire and mortally wounded the conductor. The tramps then escaped. The steamer Admiral Morison and the ship Santa Clara collided at sea and the former sank. Fourteen persons were taken from the sunken steamer but it is feared about 10 men were lost. An attempt was made to blow up Crofut & Knapp's hat store at South Norwalk, Conn., with dynamite. One end of the building was blown away. It is supposed to have been the work of dissatisfied strikers or their friends. At Albion, Idaho, last weak, Perry Pleasant, a desperado, and deputy. sheriff Butterfield shot and killed each other, Butterfield was trying to capture Pleasant and the shots which did the killing were fired simultaneously. Two hundred and thirty men employed at the Union Pacific coal mines at Carbon, Wyoming, struck on account of the unpopularity of Queally, their superintendent. The 500 miners at Rock Springs threaten to do the same for the same reason. The snowstorm of the latter part of last week was very severe all over the east and northeast and was accompanied or followed by very cold weather. Railroad traffic was much impeded by the storm, many trains being blockaded.

10. January 24, 1885 The Ottawa Free Trader Ottawa, IL

Article from The Ottawa Free Trader, January 24, 1885

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Liscellaneous. It transpires that the suspension of the great Wall street banking house of John J. Cisco & Co., last week, was precipitated by a check drawn on the house by Mrs. E. H. Green for $500,000. She had not only $500,000 in cash deposited subject to draft, but she also had about $26,000,000 of stocks and government and railroad bonds secure ly locked up in the firm's vaults as A speclal trust. For more than twenty years, it is said, John J. Cisco & Son cared for Mrs. Green's securities and collected the interest on her bonds and the dividends on her stocks. Mrs. Green is the daughter of a New Bedford whaler who, on dying, some fifteen years ago, left her $5,000,000, which she has so improved by sharp management that she is now believed to be worth $30, 000,000, and by all odds the richest woman in Alnerica if not in the world The intense cold of the past week has been peculiarly disastrous in the southwest, where zero weather and from 2 to 6 inches of snow had been comparatively unknown. Despatches from Northern and Western Texas continue to report great losses of catthe and sheep. Great numbers of cattle had drifted southward till stopped by wire fencing running many miles east and west. and are now dying by hundreds and even thousands from hunger, thirst and cold. The loss is chiefly on ranges which had suffered from drought, both grass and Water being scarce and the cattle in poor con dition, but even in the more favored parts of the state a great amount of stock has already been lost by the unusual severity of the weather. It is estimated that 10 per cent. of the cattle and 20 per cent. of the sheep have perished. #: e The long talked of fistic contest with gloves between Sullivan, the noted Boston slugger, and Ryan, of Chicago, took place In the Madison Square rink, New York, on Monday evening, Over eight thousand tickets were sold at $1 to $2 each. But one round, however, was fought, the indi cations of which pointed out pretty plainly that Ryan would be the victor The police then interfored and stopped the affair. Among the spectators were Roscoe Conk. ling, who is said to be "Do slouch" with the gloves himself; as also Lord Charles Bereham Clinton and the Hon. William Easton, of England.

11. June 12, 1885 Lancaster Daily Intelligencer Lancaster, PA

Article from Lancaster Daily Intelligencer, June 12, 1885

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STOCK gambling is almost essentially connected with lying. Bulls and bears who in their private relations would scorn to tell an untruth unblushingly give circulation to the worst kind of falsehoods it they regard them as necessary to make their point. This is why there can never be any real trust in stocks. There is SO much wholesale lying done about them by reputable people that one who depends on statements made to him regarding them trusts to a broken reed. But there is a blacker element in the falsehood that emanates from speculative circles. Many of the untruths told are tinctured with the deepest kind of malice. An old device is to start unfounded rumors about some solid bank, firm or corporation. The big banking house of John J. Cisco & Co., New York, failed because of reports cireulated in the same way, reflecting on its credit. Its largest depositor, a woman, became frightened and withdrew her deposit, which obliged the firm to suspend, though its assets were equal to the liabilities. In stock transactions nine times out of ten it is safest to believe the contrary of that which is announced by the great operators on the market.