16266. Mutual Bank (New York, NY)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: December 9, 1872
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 3c0560b4

Response Measures

Accommodated withdrawals, Full suspension

Description

Initial run in Dec 1872 was triggered by the Chatham National Bank refusing to continue as Mutual's clearing/redeeming agent (correspondent issue). Mutual paid depositors but business was impaired. In May 1873 the Mutual suspended operations (May 20, 1873) after a bookkeeping mistake at Chatham led to a refusal to clear; the bank then wound up and retired from business, paying depositors in full. Sequence: run (Dec 1872) → suspension (May 1873) → closure/retirement. Dates derived from newspaper dates and internal phrasing ('yesterday').

Events (5)

1. December 9, 1872 Run

Cause: Correspondent
Cause Details: Chatham National Bank refused to continue as Mutual's clearing/redeeming agent; checks were refused by clearing-house banks, prompting depositors to present checks to Mutual and withdraw funds.
Measures: Paid depositors (large and small amounts), stationed man at door to limit access, dispatched runners to friendly sources for funds, sought other bank to act as clearing-house agent; requested indulgence of Clearing-house and planned to borrow on securities if necessary.
Newspaper Excerpt: A RUN ON THE MUTUAL BANK...the Chatham National Bank...had informed the Clearing-house that it would no longer act in that capacity for it...rumors derogatory to the bank had circulated, and many of the depositors hastened to withdraw their balances
Source: newspapers

2. December 10, 1872 Run

Cause: Correspondent
Cause Details: Continuation of withdrawals after Chatham National issued notice ceasing redemption for Mutual, exacerbating depositor nervousness.
Measures: Continued payments of small amounts; directors appointed committee to obtain another clearing-house agent; solicited indulgence of banks; did not yet borrow.
Newspaper Excerpt: The run on the Mutual Bank continued...On Saturday $53,000 was paid out...the Chatham National Bank...will cease to redeem the notes, checks, &c., of the Mutual Bank...This was the first notice that the Mutual received of the intention
Source: newspapers

3. December 12, 1872 Other

Newspaper Excerpt: The Mutual Bank-The Last Official Statement...There was no run on the Mutual Bank yesterday, and but few demands were presented for payment...last official quarterly report shows the following condition of the bank on Sept. 2, 1872: Capital...deposits on demand, $184,608 ... loans and discounts, $170,010 ... cash items, $19,097 ... bills of solvent banks and United States demand and legal-tender notes, $25,857; total resources, $245,257.
Source: newspapers

4. May 20, 1873 Suspension

Cause: Correspondent
Cause Details: A bookkeeping error at the Chatham Bank left Mutual's account short and Chatham refused to continue redeeming/clearing for Mutual; Mutual suspended because it could not clear through the Clearing-house agent and convert assets quickly enough to meet demands.
Newspaper Excerpt: Yesterday afternoon the Mutual Bank...suspended operations. As the matter was perfectly understood beforehand...By some mistake of the bookkeeper of that bank the sum was not credited to the Mutual Bank, and on Monday, the account being short, its checks were refused...The Mutual thereupon proposed to go on as usual, but the Chatham Bank refused...As a natural consequence, the Mutual Bank was obliged to suspend.
Source: newspapers

5. May 21, 1873 Other

Newspaper Excerpt: The Mutual Bank...is closing up its affairs, having retired from business. All debts and depositors are being paid in full...The primary cause of the closing of the bank appears to have been the refusal last December, of the Chatham National Bank to act any longer as its Clearing-house agent...it was decided to pay all its debts and retire.
Source: newspapers

Newspaper Articles (14)

1. December 9, 1872 New-York Tribune New York, NY

Article from New-York Tribune, December 9, 1872

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A RUN ON THE MUTUAL BANK. ITS ACCOUNT THROWN OUT BY ITS CLEARINGHOUSE AGENT. Much discussion ensued in Wall-st. circles on Saturday upon the announcement that there was a run on the Mutual Bank, which is situated on the east side of Broadway, between Astor-place and Eighth-st. Inquiry elicited the information that the Chatham National Bank in Broadway, which for some time past has acted as the redeeming or Clearing-house Agent of the Mutual, had informed the Clearing-house that it would no longer act in that capacity for it. Checks on the Mutual Bank were consequently refused by the banks associated in the Clearing-house, thus forcing the holders to present them over the connter to the paying teller of the Mutual. In the meantime rumors derogatory to the bank had circulated, and many of the depositors hastened to withdraw their balances, so that at 3 p. m. the aisle encircling the clerical department of the bank was filled by anxious people, eager to get their money. The bank not being obliged by law to remain open later than this hour, availed itself of its privilege. and a man was stationed at the door to keep people out. A considerable portion of the bank's reserve had been paid out, and runners were dispatched to friendly sources for additional funds. The President of the bank, when questioned in regard to the matter, replied that it was all owing to the Chatham National Bank, which had informed the Clear house that it would no longer effect clearances for the Mutual, but had failed to give notice to the officers of the latter, and thus allow them to make other arrangements. A run had been the result, and their ability to withstand the pressure would depend on the assistance which they might derive. A large part of their assets consisted of real estate. The capital of the bank was $106,000, and the deposits, $107,000, and had no circulation. It was a State bank, and had been established about three years. Presumably the run will begin again this morning. The officers of the bank are William L. Conklin. President, and William S. Carman, Cashier. The President of the Chatham National Bank stated that it had thrown up the account of the Mutual because the business was not remunerative. He believed, however, that the Mutual Bank-was solvent.

2. December 10, 1872 Worcester Daily Spy Worcester, MA

Article from Worcester Daily Spy, December 10, 1872

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apparently over by the afternoon. During the run $65,000 were paid depositors, $12,000 of which were returned. The deposits in the bank Saturday morning amounted to $158,000. The capital of the bank is $100,000, and its officers say the assets are good and available. No outside assistance has been received, but money will be borrowed on securities if necessary to satisfy the demand of depositors. The run was caused by the Chatham National bank refusing to continue as clearing house agent of the Mutual bank, for the reason (misunderstood by depositors) that it did not prove remunerative. The Mutual is a state institution, and not a bank of issue. The supervisors to-day ordered the removal from their room of the immense portrait of Wm. M. Tweed. Hooper C. Van Vorst and Josiah Sutherland were sworn into office to day, the former as justice of the superior court, and the latter as city judge. James MacGreggor, superintendent of buildings, in a letter to Controller Green, states that $120,000 are absolutely necessary for the proper discharge of the business of his department for the ensuing year, and asks for an appropriation of that amount; so that, if a calamity similar to that which befell Chicago and Boston should visit this city, he will have the consciousness of knowing that it is not caused by false economy or inefficiency.

3. December 10, 1872 New-York Tribune New York, NY

Article from New-York Tribune, December 10, 1872

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NEW YORK DAILY TRIBUNE, be LOCAL MISCELLANY. the uben THE MUTUAL BANK. apALL DEMANDS UPON IT PROMPTLY MET. for uld The run on the Mutual Bank continued, yesses terday. though there were fewer calls for deposits than ed, opon Saturday, and confidence in the ability of the bank to her meet all demands had increased. On Saturday $53,000 the was paid out. while the receipts for the same day ist. eat amounted to $12,000. Yesterday $20,000 was paid out and ent $10,000 was received; on Saturday the assets of the bank were $153,000; $112,000 was on deposit yesterday, and e a The when the bank closed $98,329 67 was due to depositors, to of meet which the bank had bills receivable and loans s of folamounting to $158,985. The following is the statement of rice the bank for the past week: Deposits, $152,000; loans ity. and discount, $174,000; specie, $464. evThe following facts, in addition to those already pubton aslished, have been obtained from the President and edCashier: The Bank, which was established only three ose de. yearsago, has been doing a good business. It weathered luethe storm which followed the Chicago fire, last year. ) be when the Stuyvesant, the Union Square National, and 2 is aisthe Eighth National Banks became insolvent, and, beion fore the present run, was about to extend its business. libA meeting of the Directors of the Bank was holding, dilast Saturday morning, when the following notice was ed; 1 to received from the Chatham National Bank: ent THE CHATHAM NATIONAL BANK, NEW-YORK, Dec. 5. 1872. After this date, this Bank will cease to redeem the notes, checks, &c., ties of the Mutual Bank. my This was the first notice that the Mutual received of hat the intention of the Chatham to act no longer as its ICnew Clearing-house agent. It is claimed that these notices ons were sent to banks and bankers on Friday. This natuand rally occasioned a run. Every draft has been promptly apaterpaid, and, notwithstanding the fact that the bank had ally paid out up to 3 p. m. yesterday one-half of the entire the amount on deposit, it had not been obliged to borrow. S of The only debts of the bank are those due to depositors. and Many of the depositors are willing to wait until the bank can convert its assets, which consistsfor the most part of r. bills receivable. Many bankers called during the day at the Mutual Bank, and commented in rather severe terms on the action of the Chatham Bank in not giving the Mutual fair notice, 80 that the latter might prepare ing to obtain another bank as its agent. nce The Board of Directors of the Mutual Bank held a hief meeting last night, and appointed a committee to obtain sult another bank to act as its agent. The bank during the day sent a notice to the Clearing-house asking the indulgence of the banks for a few days. nt

4. December 10, 1872 The New York Herald New York, NY

Article from The New York Herald, December 10, 1872

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RUN ON THE MUTUAL BANK. The Chatham National Bank the Cause of the Difficulty-It Refuses to Redeem the Checks of the Mutual and Ceases to Have Any Dealing with It-Excitement of the Depositors. The Mutual Bank 18 an institution doing business on Broadway, between Astor place and Ninth: street. A passer-by on yesterday might have observed an unusual commotion around the building, and if had entered he would easily have perceived what was the difficulty. A number of excited individuals, with bank books in their hands, were pressing forward to the cashier's window to receive cash for their checks or draw their deposits. The paying teller had his hands full. The receiving teller had nothing to do. The clerks wrote on with their usual imperturbability, but their unconcern was not shared in by the President or directore, who were seated in an inner apartment carnestly consulting. The cashier was engaged in receiving angry applicants, who were rushing in every moment to ascertain what their losses were, if any. At no time, however, were there more than thirty people in the office. and these were princi. pally small depositors. The small depositors were paid instantly, but with the larger ones there was more trouble, as their accounts could not be easily settled. The cashier, in response to their solicitations. would say, Not for a day or two, out it will be all right;" and, making a virtue or necessity, the anxious depositor was forced to depart. young man with a menacing attitude presented a check for $15 to the cashier, saying, "Is that any good 712 'As good as gold," said the cashier. "when give me $15 on it," said the young man. The money was instantly paid, and he went on his way rejoicing. A HERALD reporter sought out Mr. Samuel A. Hills to geta statement of the difficulty, and the following is the story that Mr. Hills told. He said: "There is no difficulty about the matter. The bank is strong and solvent, and we have ample security for the amount of our deposits. The cause of the temporary trouble is the action that has been taken by the Chatham National Bank, with which we did business. We had an account of $75,000+ with them, and on Friday they very unexpectedly issued notices saying that after that day they would no longer REDEEM OUR NOTES AND CHECKS. We always kept an account open with them, and at no time were overdrawn more than $5,000. The reason that impelled them to close accounts: with us do not know. They owed us $4,000, which was paid this morning." REPORTER-What is your capital, and what is the amount of your securities? Mr. HILLS-Our paid up capital is $106,000, nominally $200,000, and we have been doing a. prosperous business. The securities will fully cover the indebtedness. We had $75,000 in securities and stocks deposited in the Chatham National Bank, and the balance, consisting of the building, office fixtures and money, we hold in our own hands. On Saturday a run commenced upon the bank, and before we closed $23,000 was withdrawn. The same day $12,000 was deposited. REPORTER-Do you expect to pay as much today ? Mr. HILLS-No, I don't think we shall. It is a matter of some difficulty to convert our securities: into money at so short notice. We have not borrowed anything yet, but we expect to do so in: a day or two. If we don't succeed I suppose we shall BE FORCED TO SUSPEND for a short time. We will continue to pay as long as we have any money left. When the money fails. of course we shall be compelled to close. We had: no warning that any such difficulty was going to ensue; if we had we could have been better prepared to meet it. At this point the conversation was interrupted by the entrance of a blonde young gentleman with a long memorandum in one hand and a number of che ks in the other. His case required immediate attention, so Mr. Hills, with the explanation given above, was forced to leave the reporter. In the office the people who were interested continued to busily draw their money. The paying teller took as long as possible to hand over the amounts. He counted the money of each person several times over with great deliberation, but he probably wanted to be very correct in his payments. One old gentlemen presented a check for $750 with fear and trembling depicted in his countenance. The cashier took and gazed earnestly at the figures on its face. Then he PASSED IT OVER TO THE TELLER, who gave the old geutieman five $100 bills and a number of smaller ones. He looked as happy when he received the bills as If some disaster had befallen his mother-in-law, and clutching the bills tightly he trotted off. The bank continued to pay all small amounts up to closing hours. visit was subséquently paid to the Chatham National Bank, and an interview was sought with the cashier, Mr. G. M. Hard. who, in response to inquiries, made the following statement. He said :"We have for the past year been dissatisfied with the manner in which the Mutual Bank has transacted its business with us, and for more than a year we have been trying to get rid of this account, but did not succeed in doing so, as no other bank would take it off our hands. They have been frequently overdrawn as much as rather hazardona: but

5. December 11, 1872 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN

Article from Memphis Daily Appeal, December 11, 1872

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NEW YORK. NEW YORK, December 18.-The colored people held public services at the Shiloh Presbyterian Church, commemorative of the death of Mr. Greeley. Addresses were delivered by Henry R. Garnet and Alexander Crumwell, and a poem was read by Mr. Thomas, of Kentucky. Hon. B. K. Phelps, District Attorney elect, proposes to use diligent measures for the early trials of great criminals now in jail, as well as for a speedy disposal of the ring cases now pending. Mr. Phelps in assuming his office, will have the confidence and support of the bar association and the reform organizations of the city. Hon. Wm. M. Evarts has been tendered a public dinner by Wm. C. Bryant and other prominent members of the Union League, as tes timonial of his distinguished services before the Geneva tribunal. Mr. Evarts accepts the offer of the letter as itself a sufficient testimonial, but declines the public festivity tendered. It is stated that the books used by the Deputy Superintendent of repairs and supplies, in which are many of Tweed's accounts, have been missing some time, and that they contain evidences of various frauds. General Hancock will shortly take up his headquarters in this city, as commander of the military division of the Atlantic. General McDowell left for Louisville yesterday, where he is to have his headquarters. Henry N. Smith has resigned the Presidency of the Hannibal and St. Joe Railroad, and E. S. Higgins has been appointed in his place. J. Gould has also resigned as Director in the same road. The run on the Mutual bank subsided considerably to-day, and confidence in the institution is being restored. The Italy, from Liverpool, arrived yesterday, bringing eight hundred and sixty passengers, of which nearly five hundred were Italians, in extreme destitution. The authorities at Castle Garden are in a quandary as to their disposition, and averthat they are, as a general thing unable to earn anything after their arrival; that at present they are without means of any kind. Several of the immigrants sent to Ward's Island, where they were supported by the city. Other vessels are now on their way here with large numbers of Italians, and as nearly as can be ascertained, they are led to emigrate to America by the promises of agents of the so-called Colonization Society. The Italian Government is also reported to be not unfavorable to a general exodus. Comptroller Green having refused to pay Court-Justice Quinn ten thousand dollars salary, alleging the legal salary to be five thousand dollars, a suit was brought by Justice Quinn to-day. Judge Fancher, of the Superior Court, decided in favor of the plaintiff, on the ground that the salary was legally raised from five thousand dollars to ten thousand dollars by the Mayor and Municipal Council. All Court Justices are interested in this decision. A resolution in the Board of Aldermen, yesterday, developed the fact that the Erie railway occupied a whole block on Duane and Washington streets without paying rent, since 1868.

6. December 11, 1872 The New York Herald New York, NY

Article from The New York Herald, December 11, 1872

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TRIPLE SHEET. New York, Wednesday, Dec. 11, 1872. THE NEWS OF YESTERDAY. To-Day's Contents of the Herald. ATHE TREATMENT OF THE SOUTH! ARE THE SOUTHERN PEOPLE TO HAVE PEACE?"LEADING EDITORIAL THEME-SIXTH PAGE. THE CONFLAGRATION ERA: THE FIFTH AVENUE HOTEL ON FIRE! THIRTEEN LIVES LOST! STARTLING SCENES AND INTENSE EXCITEMENT-THIRD PAGE. MAUD MERRIL SHOT DEAD IN HER OWN ROOM BY AN ASSASSIN: SUPPOSED BY HER UNCLE! A MYSTERY IN NEILSON PLACE! THE MURDERER ESCAPES UNRECOGNIZED-THIRD PAGE. AN INHUMAN CRIME AND ITS RIGHTEOUS PUNISHMENT! CHARLES JOHNSON, A NEGRO, EXECUTED FOR WIFE MURDER! STRANGE JUDICIAL STATEMENT-THIRD PAGE. PROGRESS OF THE ENGLISH STORM SIX HOUSES BLOWN OVER IN LONDON ! FORTY PERSONS INJURED BY THE DEBRIS ! A BRIG FOUNDEREDAND A BARK WRECKED! OTHER DISASTERS-SEVENTH PAGE. PERTURBED NEW ORLEANS ! PUBLIC FEELING INTENSIFYING WARMOTH ENJOINS PINCH BACK: MASS MEETING OF CITIZENS: MILITARY RULE RATHER THAN POLITICAL ROWDYISM: KELLOGG FOR PEACE-THIRD PAGE. SHARP CONFLICT BETWEEN THE CARLISTS AND ROYAL TROOPS! REPULSE OF THE CARLISTS-CONVICTION AND SENTENCE OF STRIKING GASMEN IN LONDONSEVENTH PAGE. SAFETY OF THE STEAMSHIP CITY OF BRISTOL SHE HAS ARRIVED AT QUEENSTOWN-THE FRENCH ASSEMBLY'S NEW PLAN OF GOVERNMENT AND M. THIERS' OPPOSITIONSEVENTH PAGE. CYCLONIC INDICATIONS AND PRECAUTIONS: AN OLD SALT GIVES FULL INSTRUCTIONS IN THE ART OF WEATHERING STORMS: CHARTS OF THE COURSES OF CYCLONESFOURTH PAGE. DISASTERS AT SEA! THE STEAMSHIP SACRAMENTO A TOTAL LOSS! THE SCANDERIA CERTAINLY LOST: THE CITY OF BRISTOL SUPPOSED SAFE: THE GUATEMALA CALAMITY-FOURTH PAGE. NATIONAL CAPITAL NEWS! RUMORED RENEWAL OF AN OLD ANNEXATION PROJECT! A MAINE LAW FOR THE TERRITORIES: THE HEROES' PARADISETHIRD PAGE. THE BENNETT BUILDING-FIFTH PAGE. AMUSEMENT CRITIQUES-BANK SUSPENSIONSEVENTH PAGE. DAVID DUDLEY FIELD DEFENDING HIMSELF! THE BAR ASSOCIATION AND THE BARNARD IMPEACHMENT TRIAL: MR. PECKHAM TELLS THE OTHER SIDE OF THE STORY-TENTH PAGE. THE SEDUCER'S FATE: A BRUSSELS DRAMA OF HORRORS-ELEVENTH PAGE. COMPELLING THE COMPTROLLER TO PAY INCREASED JUDICIAL SALARIES! THE JUMEL CASE: NELSON, THE MAN IN THE IRON BUSINESS: JACOB BENDER SENTENCED-EIGHTH PAGE. DR. LUCIUS B. IRISH'S TRIAL! AN EDITOR THREATENED: ANDERSON'S HABITS: DEATH CHAMBER SCENES: MRS. ANDER SON-THE MUTUAL BANK RUN-FIFTH PAGE. OLD DECLINES: STOCKS ACTIVE: PRESIDENT HENRY N. SMITH DEPOSED: SECRETARY BOUTWELL'S MANGEUVRES-RAILROAD MATTERS-NINTH PAGE.

7. December 11, 1872 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, December 11, 1872

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NEW YORK. General Hancock-A Postage SuitDestitute Italians-Arrival of Indigent Italian Immigrants-Miscellaneous Local News. Special Despatch to The Chicago Tribune. NEW YORK, Dec. 10.-Major General W. S. Hancock, who is to command the Military Division of the Atlantic in place of General Meade, will make New York City his headquarters, breaking up the military establishment at Philadolphia. The Commissary General's Department will probably be removed to this city. General Hancock is expected in New York the present week. The editor of the Journal of Commerce, Mr. Stone, is bringing Postmaster General Creswell into Court, to test what right he has to demand full postage upon letters half-prepaid at the starting point. Mr. Stone will push the case to a legal conclusion. Nearly every week from 300 to 500 destitute Italian immigrants are landing in Now York. They bring no money and very little baggage. Their clothing is thin and ragged, and they suffer pitiably from the cold, to which they are strangers. One large batch, a few days ago, was sent to the Public Hospital, but about 1,000 more liave arrived this week whose prospects look desperate. During the winter the Italians cannot sustain themselves, and how this immense number pouring in here are to be kept from starving remains to be seen. It will cost $300 per day to support those already here, while similar cargoes are known to be en route. These unfortunates are said to be the victims of swindling emigration agents. An exciting meeting of the Bar Association took place to-night, William M. Evarts, President. A resolution passed that active measures be taken to obtain legislation, making judicial officers appointive instead of elective. The question of the impeachment and expulsion of David Dudley Field came up, when he made a speech declaring that Barlow, Stickney, VanCott, Peckham, and Carter, had long been his personal enemies, and that, as ho could prove corrupt practises on their part, they are not the men to sit in judgment on him. Action was postponed till Thursday. The funeral of S. N. Pike is postponed till Thursday. [To the Associated Press.] NEW YORK, Dec. 10.-The run on the Mutual Bank subsided considerably to-day, confidence in the institution being restored. The 'Italy," from Liverpool, arrived yesterday, bringing 862 immigrants, of which nearly 500 were Italians in an extreme state of destitution. Authorities at Castle Garden are in a quandary as to their disposition, and aver that they are, as a general thing, unable to earn anything after arrival; that at present they are without means of any kind. Several of the immigrants have been sent to Ward's Island, where they will be supported by the city. Other vessels are now on their way here with a large number of Italians. As nearly as can be ascertained they are led to emigrate to America by promises of agents of the Colonization Society. The Italian Government is also reported to be not unfavorable to a general exodus. Comptroller Green, having refused to pay the Court, Justice Quin, $10,000 salary, allowing the legal salary to be 85,000, suit was brought by Justice Quin. To-day Judge Fancher, of the Superior Court, decided in favor of the plaintiff, that the salary was legally raised from $5,000 to $10,000 by the Mayor and Municipal Council. All Court Justices are interested in this decision. A resolution in the Board of Aldermen yesterday, developed the fact that the Erie Railroad Company have occupied the whole block on Duane and Washington streets without paying rent since 1868. The chief officer of the steamer City of Bristol landed at Queenstown yesterday from a sailing vessel to procure assistance. He reported the steamer, on the 4th inst. in long. 20°. west. All well on board. Particulars not stated, but is believed that her shaft is broken. Steamships have been sent to tow her into port. John A. Dix has resigned as an Erie Director. Mayor Hall emphatically denies that he ever wrote, instigated, or dictated a line editorially for the Herald, and says that the story that he is to become connected therewith is a hoax. The steamboat lines to Albany have suspended their trips on account of the ice.

8. December 12, 1872 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN

Article from Memphis Daily Appeal, December 12, 1872

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NEW YORK NOTES. NEW YORK, December 12. The run on the Mutual Bauk has wholly subsided. The steamship Java-to-day took out one hundred and thirty.thousand dollars in specie. Several disturbances occurred at the meetings of the Republican Primaries last night. A motion to quash the indietment against Tweed to-day, was denied by Judge Ingraham. There is no intelligence of the missing ship Scanderia, and it is feared she has foundered and gone down. It is now thought that American creditors will not loose seriously by the failure of Jacobs Brothers, of Antwerp. Henry J. Foster, Cashier of the National City Bank, Brooklyn, is reported a defaulter in the sum of ten thousand dollars. There were offers of bonds to-day, amounting to $669,950, at $12 46 to $12 99. The Government advertised to buy one million, but bought none. Alexander Donaldson, George Bentley, and a man named Kelly, laborers on the Albany and Susquehannah railroad, were killed by the leaving in of a gravel bank at Osborn Hollow. The Committee of Seventy has made a public protest against the course of the Mayor in appointing heads of departments on the eve of his retirement from office, and resolved not to favor any species of legislation at Albany this winter which looked only to party aggrandizement. A Columbia dispatch states that Senator-elect Patterson's arrest is based on the affidavits of eleven members of the Legislature. He was taken before a trial justice, but crowds of his friends created a disturbance, and Patterson escaped. He was again arrested and committed to jail for twelve hours for contempt, but was immediately released on habeas corpus. The swindled Italian immigrants at Castle Garden are starving, and wholly destitute. The people are of the lower class. It appears that printed handbills had been circulated by emigration agents all over Italy describing America as a fabulously wealthy country. Many of them do not know whether they are in New York or Buenos Ayres. Acting on the report of the Italian official at Castle Garden, the Commissioners of Charities and Correction havecommunicated with the Secretary of State, requesting his immediate official action. Robert C. Bleakley, the man who shot the girl, Maude Miller, in a house of prostitution, last night, has surrendered himself to the authorities. He states that he is the uncle of the deceased, and that he went to see his niece to urge her to leave her life of shame. Understanding from her sister that she was armed with a pistol to shoot him, he went prepared. She met him defiantly, and refused to listen to his entreaties to reform. She made a move( ment toward her pocket, and supposing she intended to draw her pistol, he, in the hight of frenzy, shot her.

9. December 12, 1872 The Sun New York, NY

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The Mutual Bank-The Last Official Statement. There was no run on the Mutual Bank yesterday, and but few demands were presented for payment. About $8,000 was deposited by business men up to 8 o'clock. The last official quarterly report shows the following condition of the bank on Sept. 2, 1872: Capttal, $106,150 i profits, $4,082 i amount due bank, $345 due depositors on demand, $184,608; amount due not included in above, $120; total liabilities, $245,257 : loans and discounts, $170,010, less due from directors and : brokers over drafts, $1,579; due from banks, $2,263 real estate, $20,000 cash items, $19,097 : stocks, promIssory notes and United States indebtedness certificates, $5,000; bills of solvent banks and United States demand and legal-tender notes, $25,857; loss and expenses, $1,650 : total resources. $245,257.

10. December 12, 1872 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, December 12, 1872

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NEW YORK. Losses by the Antwerp Failure-Bank Run Subsided-Tweed's Case-AnUncle Shoots His Niece in a House of Prostitution - Swindled Italians Another Defalcation-Specie Exports -The Brooklyn Poisoning CaseMiscellaneous Local Items. Special Despatch to The Chicago Tribune. NEW YORK, Dec. 11.-The mysterious middleaged man, who walked into a fashionable bagnio on Neilson place, yesterday, and shot dead a young courtezan in her chamber, and then coolly walked off, saying to the woman keeping the place that he had murdered his niece, and intended to surrender himself, was found in a station-house this morning. He had kept his word, but did not confess his real crime until to-day. His victim was Mary Smith, an Irish girl, of slight build and stature, with regular, and rather pretty features, and long chestnut hair. She was a child of a hair-dresser in Cork, Ireland. Her mother destroyed herself two months ago by cutting the main artery of her right arm. Her murderer fired four shots, two of which took effect, one penetrating the lungs, causing instant death. Her slayer gives his name as Robert P. Bleakly. He is a short, thin man, aged about 45, and by trade a ship carpenter. The deceased was a daughter of his sister. Bleakly paid the passage of thetwo across to America. After working as a domestic for a time the deceased entered a life of shame. Bleakly saye he visited the girl, yesterday, to entreat her to reform, but she defied and abused him, and to avenge what he considered a family disgrace, he killed her. Another reason assigned by him is that her conduct drovo her mother to suicide. The trial of Dr. Lucins B. Irish, of Brooklyn, for poisoning Internal Revenue Assessor E. o. Anderson, with arsenic, is progressing rapidly, and exciting great interest. Mr. Anderson was a large, athletic, stout, jovial fellow about 30 years of age, in the vigor of youth. Until 1869, he and his wife lived happily together. In that year, Dr. Irish made the acquaintance of Mrs. Anderson. It is claimed by the prosecution, that at once Dr. Irish commenced to undermine her virtue, and there was criminal intimacy between them. This intimacy continued until the death of the deceased. A short time before Mr. Anderson's death, he visited his father's house, and there was taken sick with a burning pain in his stomach, accompanied by retching. He went to Dr. Irish's store in the afternoon, and from there to his deathbed. Dr. Irish and Mrs. Anderson attended him during his last days. Dr. Doremus, who analyzed the contents of the stomach, testified to-day that he found therein arsenic enough to kill two men. Dr. Irish is a showy individuel, with great self-possession. His wife is his constant companion in Court. [To the Associated Press.] NEW YORK, Dec. 11.-It is now thought that American creditors will not lose seriously by the failure of Jacobs Brothers, of Antwerp. The run on the Mutual Bank has wholly subsided. The motion to quash the indictments against Tweed, to-day, was denied by Judge Ingraham. Robert P. Bleakley, the man who shot the girl, Maude Miller, in a house of prostitution, last night, has surrendered himself to the authorities. He states that he is an uncle of the deceased, and that he went to see his niece to urge her to leave a life of shame. Undershe standing from her sister that was armed with a pistol to shoot him, he went prepared. She met him defiantly, and refused to listen to his entreaties to reform. She made a movement toward her pocket, and, supposing she intended to draw a pistol, he, in the height of frenzy, shot her. The swindled Italian immigrants at Castle Garden are starving, and wholly destitute people of the lower class. It appears that printed hand-bills have been circulated by emigration agents all over Italy describing America as a country of fabulous wealth. Many of them do not know whether they are in New York or Buenos Ayres. Acting on the report of the Italian officials at Castle Garden, the Commissioners of Charities have communicated with the Secretary of State, requesting his immediate official action. Henry J. Foster, Cashier of the National City Bank of Brooklyn, is reported a defaulter for $10,000. The steamship Java to-day took out $130,000 in specie.

11. December 14, 1872 The Wheeling Daily Register Wheeling, WV

Article from The Wheeling Daily Register, December 14, 1872

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NEW YORK. Colfax to Take Editorial Charge of the Tribune. New YORK, December 13.-The Herald's special from Washington Mr. Collax will undoubtedly resign and take editorial charge of the New York Tribune on the first of the new year. The announcement would reappeared in the Weekly Tribune had not the gram gone astray, preventing e speedy termination of the negotiations understood that the salary is to be $5000 less than the President's The Fifth Avenue Hotel Fire. Another of the victime of the Fifth Avenue Hotel fire was identified yesterday by the father as Lizzie Campbell She had been only three months in the United States. Many persons called the morgue yesterday and viewed the remains. The Run on the Mntual Bank is entirely subsided. The total amount paid depositors since Wednesday last $73,000. A Fire occurred last night on the third floor of the building corner of Centre and White streets, the lower portion of which was occupied as a freight depot. Brook's pattern shop was damaged to the extent of $2000; Lanev & Co., cut glass manufacturers, $3000. The building was damaged to the extent of $2000 The goods of several other occupants were slightly damaged Wendell Phillips lectured on the Lost Arts," to a large audience, at Steinway Hall, last evening Stolen Bonds. A man giving the name of William P. Brandon was arrested yesterday, immediately after selling several United States bonds, which, on examination were found to be included in the list the bonds stelen by burglars from the Waterford Bank, Saratoga county, on the 19th of October. The man was committed for examination. Probably Fatal Shooting. Julia Smith, living with a thief named J. Harrington for two weeks past, was awakened at 5 o'clock this morning by Harrington entering the room. She asked him to come to bed, when he drew a revolver from his A pocket and began firing at her. young man sleeping in the same room stopped Harrington after the first shot was fired. Harrington then struck the girl with the butt of the revolver and run from the house The girl wastaken to the hospital, when it was discovered that the ball had taken effect directly the center of the breast. It is believed that her injuries must prove fatal. Arrested for Forgery. Martin Marmin, charged with forgery in Liverpool, was arrested to-day on the arrival of the steamer. The forgery is believed to be for a small amount. Coroner's Inquest. The coroner's inquest on Mary Ann Folley, alias Maud Merrill, who was shot in a bagnio in Neilson Place on Tuesday evening, developed the sister of the deceased corroborated murderer's as-ertion that he had the peatedly tried to induce her to abandon her life of shame. Resigned. D. G Croly has resigned the editorship of the World, being succeeded by J. B. Stetson, formerly a Washington correspondent. WaterSapply. The question now being agitated how to increase the water supply of the city for sanitary and fire purposes by the introduction of salt water. The Committee on Public Works held meeting to-day, when addresses were of 8 made proposing the organization Salt Water Company with $10,000,000 capital. The project is to construct of the works at the upper end the island for raising the salt water to be distributed in pipes through the city. The Editorship of the Tribune. Regarding the statements recently made that Mr. Colfax is about to become the managing editor of the Tri. and that an effort had been made in order to effect the Tribune stock, bune to by purchase Sinclair, inherited that denies end Greeley's daughtere. Sinclair by communicating with Greeley's that even daughters. He further states of the neither he nor the two executors its will knew anything about with previous till they deposited it the contents the Surrogate. Whitelaw Reed. allusion, in me connection, states that no made direct or indirect, has ever been Misses stock by himself or the that arrived here to-day believed that his connection Greeley. and to it is Colfax be with the Tribune editorship will tled a few days closures TheCredit Mobilier Important DisThe Posi's Washington special says is currently reported among the members "It of the House, and generally believed, that some interesting disclosmade in the examination Credit ures were Colonel McComb, by the It of Mobilier Committee to-day. that reported, and not denied, told also Blaine yesterday, been Speaker committee that he had Oakes the some of the stock by that offered Ames, as a matter of purchase, but the offer was declined Mr. Greeley's WIII.

12. May 21, 1873 The New York Herald New York, NY

Article from The New York Herald, May 21, 1873

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ANOTHER BANK BOTHER. A Misunderstanding Resulting in the Suspension of the Mutual Bank-Its Affairs Adjusted-The Chatham Bank to Blame. Yesterday afternoon the Mutual Bank, located at 758 Broadway, suspended operations. As the matter was perfectly understood beforehand, among both the stockholders and depositors, the suspension occasioned no excitement and no surprise. The winding up of its affairs was on an amicable basis, though involuntary. It appears that the Mutual Bank was not in the Clearing House, but cleared through the Chatham Bank. The Mutual usually made its account in this bank good, and on Saturday last made a deposit in the Chatham Bank of $10,000. By some mistake of the bookkeeper of that bank the sum was not credited to the Mutual Bank, and on Monday, the account being short, its checks were refused. Explanations ensned, when it was discovered that the Mutual Bank was all right and that the fault lay with the Chatham Bank. The Mutual thereupon proposed to go on as usual, but the Chatham Bank refused, saying that it was troublesome to them and they did not care for it any longer. As a natural consequence, the Mutual Bank was obliged to suspend. All the depositors will be paid in full within the next two days, as the bank had little money out at the time of the misunderstanding. The stockholders of the bank will probably suffer the loss of not over $3,000. The Mutual Bank did only a small, though perfectly safe, business-about two hundred and fifty thousand dollars per week. The President was Mr. Samuel A. Hills, and the cashier William S. Carman.

13. May 21, 1873 New-York Tribune New York, NY

Article from New-York Tribune, May 21, 1873

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A BANK CLOSING ACCOUNTS. The Mutual Bank, a State institution or. ganized about four years ago, and recently doing business at No. 750 Broadway, is closing up its affairs, having retired from business. All debts and depositors are being/paid in full, the unsettled accounts of the latter class being less than $3,000. The primary cause of the closing of the bank appears to have been the refusal last December, of the Chatham National. Bank to act any longer as its Clearing-house agent. in consequence of which there was a severe run upon the institution. Although the Mutual met all its obligations it could not obtain a Clearing-house medium. the other banks having become apprehensive of evil in consequence of its rejection by the Chatham. Business having become very unremunerative, it was decided to pay all its debts and retire. The capital of the bank was $200,000, divided into shares of $25 each. The officers were: Dr. Hill, President, and William S. Carmon, Cashier.

14. May 22, 1873 The New York Herald New York, NY

Article from The New York Herald, May 22, 1873

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THE MUTUAL BANK. A dense and duM state of apathy was prevalent at the Mutual Bank, No. 750 Broadway, between Astor place and Eighth street, yesterday. The bank has closed operations for the simple reason that business is not good, and the stockholders finding that it was useless to pay a rent of $14,000 per annum when the receipts were not sufficient to afford a profit, wisely resolved to suspend operations. The bank was started four years ago under the State law, and the cost of fitting up the bank amounted also to $14,000. The cashier, Mr. William S. Carman, who is an old and respectable citizen of the metropolis, was in waiting all day yesterday at his office in the bank to pay any depositors who might call. About six hundred dollars was paid out to depositors and there is still remaining a balance of over two thousand dollars to be called for, which will be paid on demand. The only loosers in the matter will be the stockholders who have found their investments unprofitable, and moneys are now being accumulated to pay off Liteir losses. The bank will remain open to-day and to-morrow until the last depositor drops at the door.