Article Text
CORRY, Pa., Nov. 7.-Corry National bank has suspended. No statement yet of the liabilities. Capital stock $100,000.
16151. Corry National Bank (Corry, PA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 569
- Charter Number
- 569
- Start Date
- November 7, 1891
- Location
- Corry, Pennsylvania (41.920, -79.640)
Metadata
- Model
- gpt-5-mini
- Short Digest
da538046f83c63bc
Response Measures
None
Receivership Details
- Depositor recovery rate
- 80.5%
- Date receivership started
- 1891-11-21
- Date receivership terminated
- 1896-10-16
- OCC cause of failure
- Fraud
- Share of assets assessed as good
- 66.7%
- Share of assets assessed as doubtful
- 23.7%
- Share of assets assessed as worthless
- 9.6%
Description
Multiple contemporary reports (Nov 7, 1891) state the Corry National Bank was closed by order of the bank examiner. No article describes a depositor run prior to suspension; instead the examiner closed the bank for impaired capital and large amounts of paper for local lumber/business men. Comptroller/press reports then state a receiver will be appointed and by Nov 20–21 a receiver (J. W. Sproul) was to be appointed — indicating permanent closure and receivership. OCR variants (Corey/Corry) corrected to Corry, PA based on context.
Events (4)
1.
November 12, 1864
Chartered
- Source
- historical_nic
2.
November 7, 1891
Suspension
- Cause
- Government Action
- Cause Details
- Closed by order of the bank examiner after he found the capital much impaired; bank carrying large amounts of business/lumber paper that could not be realized upon.
- Newspaper Excerpt
- Corry National bank has suspended. ... The bank has been closed by order of the bank examiner.
- Source
- newspapers
3.
November 20, 1891
Receivership
- Newspaper Excerpt
- Comptroller Lacey has decided to appoint a receiver for the Corry (Pa.) National bank ... Sproul Will Be Receiver at Corry. ... Mr. J. W. Sproul ... will be appointed receiver of the defunct Corry National Bank to-morrow.
- Source
- newspapers
4.
November 21, 1891
Receivership
- Source
- historical_nic
Newspaper Articles (20)
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HOWELL LUMBER CO. ST. JOSEPH, Mo., Nov. 7.-The United States grand jury, which has been investigating the dealings of the Howell Lumber company which failed several months ago, has returned six indictments against I. R. Howell and Geo. W. Howell. The indictments charge the Howells with having effected arrangements with W. D. Mott and Edward Tib bits, both of Atehinson-Atehinson agent and weight master respective ly for the Rock Island road -where by they were able to get a difference in cost of lumber, whereby they were able to sell below all competition. They charge the action of the Howells to be in direct violation of the provisions of the inter-state commerce law. Warrants have beer issued for their arrest. FOR ASSISTANT POSTMASTER'S. DENVER, Colo., Nov. 7.-For the purpose of remedying the evil now existing in the post office department regarding and promo tion and pay of those entering the service under the civil service rules. The National Association of post office clerks have drafted a bill to be presented to congress. In first class post offices, the assistant post muster shall receive fifty per cent of the salary of the postmaster except at New York, superintendents of mail and superintendents of delivery forty-five per cent. superintendents of registry and superintendents of money divisions forty per cent. NATIONAL BANK SUSPEND. CORRY, Pa., Nov. 7.-Corry National bank has suspended. No statement yet of theliabilities. Capital stock $100,000.
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A BANK CLOSED AT CORRY. Inability of Business Men to Meet their Obligations the Cause. CORRY, PA., Nov. 7.-A sensation was created here this morning by the suspension of the Corry National Bank, which was be.. lieved to be perfectly sound. The bank has been closed by order of the bank examiner. The capital stock is $100,000. The surplus is $15,000 and the undivided profits $6,560. The liabilities are unknown. The deposits are close to $500,000. The failure is due almost entirely to the fact that the bank has been carrying a large amount of paper for business men in this section, and in the lumber country who have been unable to meet their obligations. The bank will pay depositors in full. THE BANK EXAMINER MUM. CLEVELAND, O., Nov. 7.-A special from Erie, Pa. says: "The bank examiner will not talk but it is generally believed that the bank's condition is not changed materially since the last report, when the deposits were $543,000 and the total liabilities, including capital and circulation $740,000. The bank examiner says he found the capital of the bank much impaired and closed it. It is believed that since President Allen has been making large investments in timber land and Cashier Harmon in grape and live' stock farms in New York, iron works and other enterprises that the bank may contain a large quantity of the bank offlcials' own paper. Shrewd business men guess that the bank's vaults are full of paper on which it would be difficult to realize."
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ANOTHER BANK DOWN. Corry, Pa., Upset by a Financial Suspension. CORRY, Pa,, Nov. ?-A sensation was created here this morning by the suspension of the Corry;National bank. The news spread quickly and created great surprise and excitement, as it was believed to be perfectly sound. Inquiry revealed the fact that the bank had been closed by the order of the bank examiner. The bank's capital stock is $100,000, surplus, $16,500. and the undivided profits $6,750. The deposits are close to $500,000. The failure is due almost entirely to the fact that the bank has been carrying a large amount of paper for business men in this section and in the lumber country who have been unable to meet their obligations. The bank had a branch in Pittsburg, which was a very important source of revenue. It was started some time ago with the consent of the comptroller. About a month ago the comptroller decided that the branch must close up in accordance with a policy not to allow branch banks to do business. This move would deprive the main bank of such a large line of business that it would hurt them seriously in their present condition, and they feared it would cause a run which they could not stand. The officers say that the depositors will get every dollar owed them. CLEVELAND, O., Noy. 7.-The bank examiner will not talk, but it is generally belieyed that the bank's condition has not changed materially since the last report, when the deposits were $543,000 and the total liabilities, including capital and circulation, $740,000. The bank examiner says he found the capital of the bank much impaired and he closed it. It is believed that since President Allen has been making large investments in timber lands and Cashier Harmon in grape and livestock farms in New York, iron works and other enterprises, that the bank may contain a large quantity of the bank officials' own paper. Shrewd business men guess that the bank's vaults are full of paper on which it would be difficultto realize.
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FORCED TO SUSPEND. The National Bank at Corry, Pa., Closed by an Examiner. PITTSBURG, Nov. 7.-The Chronicle-Telegraph's Corry special says: A sensation was created here this morning by the suspension of the Corry National Bank. The news spread quickly and created great surprise and excitement, as it was believed to be a perfectly sound institution. Inquiry revealed the fact that the bank had been closed by order of the Bank Examiner. The capital stock was $100,000. No statement has yet been made of the liabilities. The deposits are close to $500,000. The failure is due almost entirely to the fact that the bank has been carrying a large amount of paper for business men in this section and in the lumber country, who have been unable to meet obligations. The bank has a branch here, which was a very important source of revenue. About a month ago the comptroller decided that the branch must close up, in accordance with the policy not to allow branch banks to do business. This move would deprive the main bank of a large line of business and would hurt them seriously in their present condition, and they feared it would cause a run that they could not stand. The officers say the depositors will get every dollar owed them. ATTACK ON A BANK. NEW YORK, Nov. -The President of a large national bank in this city, which is the principal correspondent for the First National Bank of Chicago, received from J. J. Gage, its President, this morning, the following telegraph message in relation to an anonymous letter published affecting the credit of the Chicago bank: "The writer of the letter is crazy or foolishly malicious and the letter is not worth attention. I note that this morning our cash reserve on Government basis was over 36 per cent of the liabilities." The New York bank officer said active measures are being taken to detect and punish the author of the letter to the fullest extent of the law. "Such an attack on the credit of 8 financial institution like the First National of Chicago," he added, "is an outrage. The bank is as sound as the Bank of England."
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A BUNKO MAN'S BANK. The Swindling Operations of a Kansas City Lawyer. BANK FAILURE AT COREY, PA. False Rumor Against a Chicago Institution-Affairs of the MaverickPacific Coast Failures. KANSAS CITY, Nov. 7.-The Maine Banking Company did not open its doors for business this morning. The president of the bank is A. F. Blanchard, who is also manager and practically the whole bank. Blanchard quit the law business here a year ago, went East, secured $50,000 capital with which to start a bank, and organized a company with the following directors: A. F. Blanchard, Horatio Clark, of Maine; B. A. Harding, of Blackstone, III.; Captain F. B. Watts and F. C. Barry. Blanchard left for the East some days ago, and is now supposed to be in Canada. His absence caused uneasiness among the bank officers, and at a meeting of the directors today his arrest was ordered by telegraph. He is charged with forgery and embezziement. The directors charge that the whole capital of the bank is missing. Horatio Clark charges that Blanchard sold him a piece of property here which he (Blanchard) did not own, delivering to him a forged warranty deed. B.A. Harding charges that he sent a large sum of money here to Blanchard to be loaned, and Blanchard sent him forged securities, appropriating the money to his own use. Lawyer Lucock, an attorney at Bates college, charges that $10,000 was recently sent to Blanchard by the college for investment, and no trace of the money can be found. COREY, Pa., Nov. 7.-A sensation was created here this morning by the suspension of the Corey National bank. The news spread quickly and created great surprise and excitement, as it was believed to be perfectly sound. Inquiry revesied the fact that the bank had been closed by the order of the bank examiner, who is in charge. The capital stock was $100,000. No statement has been made of the liabilities. The deposits are close to $500,000. The failure was due almost entirely to the fact that the bank had been carrying a large amount of paper for business men in this section and in the lumber country who have been unable to meet obligations. The bank had a branch in Pittsburg, which was a very important source of revenue. About a month ago the comptroller decided that the branch must close up. in accordance with the policy not to allow branch banks to do business. This move would deprive the main bank of a large line of business and would hurt them seriously in their presenteondition,and they feared it would cause arun they could not stand. The officers say the depositors will get every dollar owed them. NEW YORK, Nov. 7.-The president of a large national bank in this city which is the principal correspondent for the First National bank of Chicago, received from L J. Gage, its president, this morning, the following telegram in relation to an anonymous letter published affecting the credit of the Chicago bank. "The writer of the letter is crazy or foolishly malicious, and not worth attention. I note that this morning our cash reserve, government basis, was over 36 per cent. of the liabilities." The New York bank officer said that active measures were being taken to detect and punish the author of the letter to the full extent of the law. Such an attack on the credit of & financial institution like the First National bank of Chicago, he Added, is an outrage. The bank is as sound as the Bank of England. BOSTON, Nov. 7.-Comptroller Lacey said this morning concerning the published reports from Washington City purporting to contain information obtained at the comptroller's office, that he knows nothing whatever concerning any national bank in Boston being in any trouble. The run at the Five-Cent Savings bank is ended. Thomas Dana's bail has been reduced to $40,000 and bondsmen secured. Examiner Ewer and a majority of the clearing-house committee say they know of no financial trouble in Boston, outside the Maverick bank, and that there is no examination in progress of any institution other than the Maverick by the comptroller and examining committee. ST. JOSEPH, Mo., Nov. 7.-The United States
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A CRASH AT CORRY. The First National Bank Closed on Examiner Miller's Order. HAD BEEN HELPING LUMBER MEN. A Branch Had Been Shut Up and This Caused Embarrassment. THE ASSETS ARE REPORTED LARGE ISPECIAL TELEGRAM TO THE DISPATCH.1 CORRY, Nov. 7.-The greatest calamity that has yet befallen Corry was the closing this forenoon of the doors of the Corry National Bank and its branch on North Center street. Both banks were closed by order of Bank Examiner Miller. When the report spread the streets became crowded, it being impossible for many to believe that the old and trusted First Na. tional Bank had been declared insolvent. The bank was organized in 1864, and its history since then has been beyond reproach. Few, if any, had the least inkling of its condition, consequently the news of the failure came like a thunderbolt. Bank Examiner Miller positively refuses to make any statement at present, and as President Allen and Cashier C. G. Harmon, are both prostrated by the shock it is impossible to get full particulars. It has been generally known, however, that the bank has been interested in, and assisted to a large extent several manufacturing interests here and elsewhere; also that the line of discounts they have been carrying is very large. These discounts were against people considered perfectly good, but owing to the stringency of money matters here the bank failed to realize on the paper just when it was most required. The Story of the Branch. Over two years ago, when the Center street branch was started, the Bank Examiner informed the officials this venture might be permitted, but it was not authorized. A few months ago the Comptroller at Washington notified the bankers that they must close the branch, as the Department of the Treasury had decided that all branch banks must be discontinued, Itwas given the officials at Washington to understand that if the branch must be closed a run on the regular bank would certainly follow, as the branch did a heavy business, and besides, if a run came on the original bank it would not be able to meet it. This matter has been under consideration for some time. but finally the decision came from Washington that the branch must close, and it was closed. The deposits are very large, ranging over $600,000, most of which came from prominent business firms here, none of them having taken the trouble to withdraw their deposits when the change was made. The assets are not known, but are estimated to be very large and enough to pay the deposits in full. The heaviest depositors are the Equitable Aid Union, a mutual liife insurance concern having $18,000 on deposits, and the city of Corry with $5,000 to $8,000 on deposit. Other deposits are in smaller lots, farmers and business men from all over this district having make the bank their depository. President T. G. Allen to-night refused utterly to either accord an interview or make any statement. He is prominent here, both in a business and social way, and it is believed by his friends that the closing of the bank doors was due entirely to the shutting down of the branch and the consequent distrust in the original institution. The bank's correspondents were the National Park Bank of New York, and the Third Na. tional Bank of Philadelphia. No State Moneys There. A rumor that the withdrawal of State moneys had crippled the institution was found to-night upon investigation to be without foundation. Bank Examiner Miller is quoted as saying the deposits are almost $543,000. The bank officials say they were $750,000. The liabilities contain an item of loans and discount of $48,112 due from other banks. President T. A. Allen has himself been one of the leading spiritsin the Forest Lumber Company, one of the most aggressive and daring in Western Pennsylvania, and the trade has been very dull of late. The bank has paper out among many lumber men. Cashier Clarence Harmon will not talk and keeps out of sight. It is well known that he has been investing in grape and other real estates; that he is one of the principal owners of the Ajax Iron Works, which has just made a $50,000 addition to its facilities. The bank, after the failure of the old First National Bank of Corry, as the result of oil speculations, had a clear field, and at the time its doors closed was doing threefourths of the business in Corry. Eleven of the largest tanneries in Western Pennsylvania were depositors. There are over 1,000 depositors, and they will hold a meeting next Monday.
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The Corry (l'a.) National Bank has suspended. Ic nas a capital of $100,000; surplas $16,500; undivided profits $6,750. The concern was carrying too much business paper and couldn't realize on it.
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Pennsylvania Bank Failure. HARRISBURG, Nov. 8.-The Chronicle received a special from Corry which says a sensation was created here yesterday by the suspension of the Corry National bank. The news spread quickly and created great surprise and excitement as it was believed to be perfectly sound. Inquiry revealed the fact that the bank had been closed by the order of the bank examiner. The capital stock is $100,000. No statement has yet been made of the liabilities.
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TELEGRAPHIC SPARKS. An attempt was made to burn the postoffice at Avon, Mass. Large quantities of salmon are to be placed in Vermont waters. Low water threatens the stoppage of mills at Manchester, N. H. Nearly 100 horses were killed by forest fires at Beacon Falls, Conn. The failure of the Corry, (Pa.) National bank, capital stock $100,000, is announced. C. T. Powers succeeds James Mutrie as manager of the New York Baseball club. Lieutenant Francis Radoux, who fought under the first Napoleon, at P rtland, Me. Joshua Hill, residing in Lonsdade, R, I., was drowned through the capsizing of a boat. John Newton, aged 6 years, was drowned in four feet of water at Elm park, Worcester, Mass. There is a belief that Clements of Georgia will be the Democratic interstate commissioner. Flower's sworn statement of the money paid by him for his election places the amount at $5000. The Augusta (Me.) board of registration will require personal registration in preparing» new list. The president of the Maine Banking company of Kansas City is charged with swindling and forgery W. C. T. U. delegates from California are waging a crusade against saloons all along the route to Boston. Dr. Daniel Dwyer of Hartford, one of the leading dental surgeons of the state, died of typhoid fever, aged 44. A forest fire at North Saco, Me., has burned ovor twenty acres, mostly timber land, and is not yet under control. The town of Moodus, Conn., is suffering from a water famine. The three large reservoirs are completely ex} tusted, Knights of Reciprocity and Rep blican League clubs of Kansas are to nite on Blaire and McKinley for the ticket for 892. Valentine Eagle, & brakeman on the New York and New England railroad, was killed while coupling cars in East Hartford. Receiver Simmons of the American Loan and Trust company is to proceed criminally against those who wrecked the concern. M. Harancourt, the dramatist, and M. Carre, the poet, fought a duel with swords at Paris. The latter was severely wounded in the breast. A Brazilian government decree just issued orders a lease of the state railways for thirty-three years at a gold rental, half of which is payable in advance. John H. Watkinson, aged 77, a prominent citizen of Middletown, Conn., is dead. He was the president of the Middletown National bank from 1847 to 1883. The cotton shed at the railroad depot at Terry, Miss., a large quantity of cotton, every business house in the town except two, the hotel and some residences were burned. Captain Younghusband, who a short time ago was reported as having been murdered by the Russians in the Pamir district, is on his way to England on leave of absence. Joseph Mayer, proprietor of the Arsenal pottery at Trenton, for robbing which several persons have been arrested in Philadelphia, estimates his loss at more than $75,000. Robert Clark Welch, who is missing from Williamstown, Mass., was formerly a student of Williams college. Members of the Delta Upsilon fraternity will continue the search for him.
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HOME SECURITIES AND CASH Local Sellers and Buyers Still Pursuing a Micawber Policy. The week on Change, if not the dullest, was certainly one of the dullest of the year. Total sales were a little over 500 shares. Perhaps the election was responsible for the apathy. The only transaction yesterday was that of 5 shares of Third National Bank at 130, an advance of $5 during the week. Closing prices of the active stocks, as compared with those of the previous Saturday, show the following changes: Third National Bank gained $5: Chartiers Gas 1/4, Wheeling Gas 11/2, Citizens' Traction 1/4, Pittsburg Traction 1, and Switch and Signal 3/8: Manufacturers' Gas lost 1/2, Philadelphia 3/8. Central Traction 1/4, Pleasant Valley 1/4, and Luster ½. Airbrake was offered down 2½. Electric was weak and neglected. There appears to be a hitch in the reoganization scheme. Bankers were entirely satisfied with the business of the week. They would not have objected to a larger line of discounts, but felt confident they would soon have employment for all their idle funds. At the last moment news reached the city of the suspension of the Corry National Bank. Having no correspondent here, its failure can have no material effect upon local business. Conditions are too sound to. be unsettled by an occasional misfit on the outside. Clearing House business showed a small falling off from that of the previous week, clearly due to the election, which was practically a holiday. The call for loans developed a broadening tendency, and routine lines were well up. There was probably an accumulation of funds, but with the holiday season at hand, always a time of great activity, and a number of new enterprises in prospect, this is by no means an unfavorable feature. The figures for the day and week are appended: $22001570 Saturday's exchanges
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The Corry Bank Failure. ERIE, Pa., Nov 10.-The reports in connection with the Corry National Bank failure are that the liabilities are about $800,000 instead of $450,000 as were estimated. The reports of two prominent lumber firms in Corry making assignments are without foundation. President Allen and Cashier Hermon are both seriously ill from nervous prostration. A receiver will be appointed as soon as Bank Examiner Miller makes his report. The only new judgment entered until to-day is one by L. L. Bliss, guardian against Cashier Hermon for $12,000.
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THE MAVERICK BANK TROUBLE. AN ALLEGED LOAN TO A FORMER DIRECTOR WHICH IS NOW ALMOST WORTHLESS WHAT THE LOSS IS LIKELY TO BE. Boston, Nov. 10 (Special).-The Maverick National Bank did not open for adjustment of accounts to-day. Receiver Beal says: "The bank will be open for adjustment of its business at the earliest possible moment. but I am not yet ready to name the day." It is said that among the assets of the bank is a loan to a former director, now dead, for $80,000, which has back of it collateral worth in the present market only few dollars. It is believed that this is the first time, in the history of the National Bank act when a confidential report of the United States Bank Examiner to the Controller has been submitted to inspection outside the Controller's office. Mr. Hutchins. of Hutchins & Wheeler. has been the counsel of the Clearing House Committee all through this matter, and it was he who went to Washington and demanded a copy of Mr. Magruder's report. He got it though such a thing was unprecedented. and for several days and nights in the top of the Sears Building the bank presidents constituting the Clearing House Committee examined the assets of the Maverick Bank. They were astonished at the faithfulness of Mr. Magruder's report. They reached the conclusion that the bank's assets had been impaired by $2,000,000. When at the close of the investigation the committee confronted Mr. Potter with the three directors' borrowings, aggregating $2,600,000, Mr. Potter declared there had been some mistake, and he did not believe the sum could have been SO large. Offers of assistance of $500,000 which were made to the bank were not availed of, because the committee believed that $1,000,000 would not set the bank right, and it was better to stop with large available resources rather than to jeopardize creditors by allowing the institution to continue further. Had the committee failed to secure the copy of Mr. Magruder's report they would, under the by-laws of the Clearing House, have demanded an investigation, and failing to have received a favorable response would have dropped the bank from the Clearing House Association. Controller Lacey said last night that the chances of the depositors were extremely good, for a much larger dividend would be paid than was at first expected. It is believed that the estates of the directors and their collaterals will realize to the bank nearly $1,500,000. If upon the total borrowings of Evans and the directors, amounting to $4,200,000, only $1,500,000 is realized and $1,700,000 is lost, this loss eats into the assets of the bank by only $500,000 beyond the capital and surplus. It is probable that little more than $100,000 can be collected by an assessment upon the stockholders, and there will be some losses in the general liquidation as well as some expense, SO that altogether at least $1,000,000 of loss can be looked for. As borrowers having deposits will offset the deposit against their loans, thus practically becoming preferred creditors, and as some shrinkage in the two bond accounts of the assets of the bank may be expected, the loss to fall upon the unsecured creditors may be roughly reckoned at $1,000,000. But if this loss was borne by $4,000,000 of unsecured deposits, or about one-half the total deposits, the greatest sufferers would still get 75 cents on the dollar. Washington, Nov. 10.-Mr. Lacey, Controller of the Currency, returned to Washington to-day from Boston, He said that the National banks there, with the single exception of the Maverick, were in good condition, and that there was no prospect of any further trouble. In his opinion the creditors of the Maverick Bank will receive at least 85 cents on the dollar. He said also that the Damariscotta National Bank would probably be able to resume business in a short time. The Corry National Bank, of Corry, Penn., is in a bad condition, and a receiver will be appointed in a few days to wind up its affairs.
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The Comptroller and the Suspended Banks, ASHINGTON, Nov. 10.-Mr. Lacey. Comptroller of the Currency. returned to Washington to-day from Boston. He said that the national banks there. with the single exception of the Maverick, were in good condition. and that there was no prospect of any further trouble. In his opinion the creditors of the Maverick Bank would receive at least eightyfive cents on the dollar. He said. also, that the Damariscotta National Bank would probably be able to resume business in a short time. The Corry National Bank of Corry. Pa., is in a bad condition. and a receiver will be appointed in a few days to wind up its affairs. BOSTON, Nov. 10.-The Maverick National Bank will not be open for the adjustment of accounts to-day. as had been announced. Receiver Beal says: "The bank will be open for the adjustment of its business at the earliest possible moment, but I am not yet ready to name the day." It is said that among the assets of the bank is a loan of $80,000 to a former director. since dead. which has back of it collateral worth in the present market but a few dollars.
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SYMPATHY FOR THE CORRY BANK. I Depositors Ask Comptroller Lacey Not to Appoint a Receiver Just Yet. CORRY, Nov. 11.-[Special.]-At a large meeting of depositors of the Corry National Bank to-night, a strong feeling of sympathy and confidence in the Band was expressed in speeches by many of the heaviest depositors. A resolution was adopted unanimously to appoint a committee of 11, representing depositors of Corry and the surrounding towns, to see what can be done toward raising funds and obtaining extensions from creditors and depositors, with a view of reopening the bank for business. A resolution was also unanimously adopted, requesting Cougressman Griswold and Comptroller Lacey to delay the appointment of a receiver for a reasonable time, to see what the committee can do. The President and Secretary of the meeting were instructed to notify the Congressman and Controllor of the action of the depositors.
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CORRY DEPOSITORS ARE HOPEFUL Still No Official Report as to the Defunct Bank's Condition. CORRY, Nov. 13.-[Special.] - The committee appointed at the meeting of depositors of the Corry National Bank last Wednesday evening met the directors this afternoon. A large proportion of the stock was represented. After considerable consultation as to the reopening of the bank and making good the impaired stock an adjournment was taken until Tuesday, when the final decision will be reached. A special from Washington savs Comptroller Lacy has not received an official report of the affairs from Examiner Miller, but from information received from other sources is led to believe that the bank's condition is excellent. If the Examiner's report, which was finished to-day and forwarded to Washington, sustains this view the bank may be able to resume. It was reported should it be necessary to appoint a receiver, that the Comptroller has emphatically stated that he does not believe it good policy to appoint to the receivership of the defunet bank a citizen of the same place. It is understood that Representatives Griswold, of the Twenty-sixth district, and Stone, of the Twenty-seventh, each have an application.
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TELEGRAPHIC BREVITIES. Thomas J. Wood, Jr., a prominent young banker of Dallas, Tex., and Dr. James Orr, one of the leading physicians of Terrell, have been arrested charged with obtaining fraudulently $10,000 insurance on the life of Clinton H. Page, who died of consumption. John Langlois, Jr., a prominent Racine (Wis.) man, was burned to death at that place. At Ottawa ex-Mechanical Engineer J.N. Arnold, of the public works department, was arrested on the charge of conspiring to defraud the government. Etta W. Harris, better known as Dr. Ludgate, who has figured prominently in criminal annals for the past two years in connection with abortion cases, died at Linden, Mass. The report that ex-President and Mrs. Cleveland and baby Ruth were to visit their Massachusetts summer home, Gray Cables, this autumn, is denied by Mr. Nickerson, who has charge of the place. Miss Annie Campbell Gordon, daughter of Mrs. Douglass Gordon, was married to Paymaster John G. Lovell, U. S. N., a grandson of General Quitman, of the Mexican war, at Baltimore. A court martial has been ordered for Major Charles B. Throckmorton, of the Second artillery, charged with duplicating pay accounts. Along the lower Hudson the ground is was frozen hard and ice is plenty. Auditor General McCamant, of Pennsylvania, estimates that the cost of the recent extra session will be about $60,000. Comptroller Lacey has decided to appoint a receiver for the Corry (Pa.) National bank, which recently failed. The shortage is now said to be $175,000. A Salvation Army lieutenant in Keokuk, Ia., by the death of his father in Germany, becomes Baron Von Kutzeleben, and inherits a fortune. C. E. Gilbert, a brakeman, was killed, and several were injured by the collision of three sections of a freight train on the Chicago, Burlington and Quincy railroad, near Gilson, Ills. An unsuccessful attempt was made at Mount Airy, Ala., to lynch Martin Scott and four companions, charged with killing Postmaster Church, of that place. The treasury officials have discovered a dangerous counterfeit of the twenty dola lar gold certificates. Miss Bessie Blosson, one of the prettiest girls of Geneo, Neb., has eloped with an Indian of the Washoe tribe. g The National Association of Carriage and Harness Manufacturers met at Spring field, Mass. S Republicansstate that an alleged scheme to count out Levi E. Worden, Republican e assemblyman-elect in Rensselaer, New York, failed of a few votes. The New York Herald says that Tamn many Hall will not make a fight to secure e the speakership of the assembly. John Wesley Edmonds, a decamped 'S Bridgeport (Conn.) scamp, is found to e have deluded many you. : girls, whom he 11 advertised for to fill positions or become his wives. y o At New York the committee on buildings n of the board of education have reported serious deviations from the specifications of new buildings, connived at by the ine spectors and superintendent of buildings. n Unscrupulous contractors have literally S stolen public money while venal officials n said nothing. The robberies have been is carried on upon such an enormous scale that their real extent can only be guessed s at now. le
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THE LATEST NEWS. GENERAL NOTES. MISS FRANCES E. WILLARD has been re-elected president of the World's W. C. T.U. COMANCHE, the horse that survived the Custer massacre, died of old age at Fort Riley. A HAMPTON CORNERS (N. Y.) man loaned 86,000 ON an alleged $10,000 gold brick, worth about 81. C. B. PAUL, wholesale lumber dealer of Louisville. Ky., assigned Tuesday, with liabilities $200,000. THE United States is the first nation in the history of the world to have three cities of over one million inhabitants each. A PROMINENT citizen of Deadwood, S. D., is in prison in Germany, charged with having deserted from the kaiser's army. THE Mexican government will be asked to drive out the Guatemalan revolutionists who are making their headquarters in its territory. SATURDAY'S New York bank statement shows an increase in reserves of $2,467,000. TESTS by the navy department prove that the armor plates made in this country are the best in the world. THE premier of Quebec is charged by a Montreal paper with receiving $115,000 from the contractor who built the Quebec court house. ON Sunday, Rev. Zacariah Eddy, the well known Congregationalist, died at Detroit, Mich., aged seventy-six years. GARZA, the Mexican revolutionist. recently repulsed a force of several hundred troops sent to capture him. Garza's force numbered one hundred men. TRUNKS found on the scooner Marc Victoria, wrecked in 1864, are proved to be the property of Booth, the assassin of President Lincoln. MARIE A. STRELINGER, the wife of M. B. Curtis, the actor. has sold the Peralta hotel property at North Berkeley, Cal., for $125,000, and will devote the proceeds in an endeavor to save her husband from the gallows. THE chief of the bureau of statistics reports that the total value of the exports of domestic mineral oils from the United States during the month of October, 1881, was $3,840,101. OBITUARY: At Newark, Mo., ex-Congressman John M Glover. aged 72; at Dubuque, Iowa, John Moore; at Fairbury, III., Mrs. Jeremiah McKee, aged 68. THE commission on the Minnesota capi tol met in St. Panl and decided that the state should have a new capitol of granite upon the site of the present building. THE firm of Cooper, Hewitt & Co., have sold their iron works and mines in New Jersey to an English syndicate for $5,000,000. THE engineers and firemen on the St. Louis Belt Line are out on (a strike. The trouble will probably extend to other roads. OFFICERS of the Irish National League of America issue an address advising Irishmen to stop fighting and do a little work for the cause. IT is estimated by the commissioner of international revenue that $10,000,000 will be required to pay the sugar bounties due on this year's yield. THE United States minister to Italy, Albert G. Porter, has been bastily called home to confer with the government regarding the New Orleans Maffla affair. THE credentials of Senor Montt, the Chilian minister, have arrived. It is not known at the state department when the minister will be presented to the president. THE du ies heretofore performed by the United States steamer Dispatch as a "dispatch vessel" will hereafter be allotted to the United States steamer Dolphin. lately returned from the China station and now being repaired at the Norfolk navy yard. MR. LACEY, comptroller of the currency, returned to Washington Tuesday from Boston and says: "The Corey National bank of Corey, Pa., is in a bad condition and a receiver will be appointed in a few days to wind up its affairs." BISHOP MERRILL, of the Methodist church, is seriously ill in Chicago. An abscess has formed in the abdominal region and a difficult surgical operation will be necessary to save his life. THE Rankin Catholic Manufacturing
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The Corry Bank Receivership. WASHINGTON, Nov. 20.-[Special.]-It is probable that Comptroller Lacey will to-morrow appoint a receiver for the defunct Corry National Bank, and that J. W. Sproul, a prominent young lawyer of Union City, will be selected. Mr. Sproul has been warmly recommended by prominent citizens of Erie county interested in the matter.
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Sproul Will Be Receiver at Corry. CORRY, PA., Nov. 20.-[Special.]-Mr. J. W. Sproul, of Union City, will be appointed receiver of the defunct Corry National Bank to-morrow. The appointment will give general satisfaction to the depositors. An effort will be made to prevail upon Mr. Sproul to so arrange matters, if possible, as to make the first dividend at as early a day as the condition of the bank will allow.