16503. Columbia Bank (Philadelphia, PA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 30, 1887
Location
Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model
gpt-5-mini
Short Digest
5c42682e57be71b8

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (late July 1887) report Columbia Bank of Philadelphia closed its doors, an assignment made to assignees, and describe insolvency tied to heavy advances to H. S. Ives & Co. and undrawn consignments. No article describes a depositor run prior to suspension; assignees were named and the failure is treated as complete, so classify as suspension leading to closure/assignment.

Events (1)
1. July 30, 1887 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Heavy advances and acceptances for H. S. Ives & Co. (large unpaid drafts) and advances on consignments of merchandise not taken up by consignees left the bank crippled; temporary lack of funds precipitated assignment to assignees.
Newspaper Excerpt
The Columbia Bank, a State institution, closed its doors this morning, and placed a notice on the door saying that an assignment had been made to S. Edwin Megargle and F. P. Kernan
Source
newspapers

Newspaper Articles (10)
1. July 30, 1887 San Antonio Daily Light San Antonio, TX
Article from San Antonio Daily Light, July 30, 1887

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Columbia Bank Shaky. PHILADELPHIA, July 30.-Checks of the Columbia bank were thrown out by the Farmers and Mechanics National bank, because of & lack of funds. It has been known for some days that the Columbia bank was in a precarious condition, and there have been several rumors as to its suspension, both here and in New York. For some time past the bank has been doing considerable business for Mesers. Henry S. Ives & Co., and recently its acceptances for them amounted to as much as $100,000 at a time. Bank officials refused to state the amount of Ives' business with the bank since payment of $100,000 and reiterated the statement that the institution was fully protected. Other money of the bank is tied up in advances on drugs and other articles of merchandise, from Mexico, when at this time it is impossible to realize upon and which the consignees are not able to protect. A gentleman in position to know, who is not an official of the bank. said that he supposed its liabilities would be from $300,000 to $400,000 and that persons who had made small deposits in the bank would be the chief sufferers. The trouble was apparently precipitated by the failure of Ives and Co., to honor a draft for $100,000, drawn on them by the Columbia bank. The bank has a branch Savings bank in Germantown, largely patronized by mill operators and other working people.

2. July 31, 1887 Seattle Daily Post-Intelligencer Seattle, WA
Article from Seattle Daily Post-Intelligencer, July 31, 1887

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SEATTLE, W. T., SUNDAY MORNING, JULY 31, 1887 and that the) Farmers & Mechanics' stock and $300,060 in cash, all e would not accept them except for colbe obtained from the Ives party CABLE LETTER. lection, and if they proved good the Liberal talenlite Returni money would be paid, but bothing LONDON, July 30.-The Parlia would be advanced. It is understood election to an the THERDOY in th What is Foremost in the from reliable sources that the chief of Dean division of Glodees causes of the failure were heavy caused by the retirement of 0. Minds of all Geradvances made on drafts of the IvesHome Ruler, has resulted in a I Stayner party of New York, and adcrease of the Liberal vote, San mans, vances on a consignment of merchanthe Liberal candidate, defeating $ to a dise shipped from South America and ham, Conservative. In the last other points, which was not taken up by the district was carried by Bl consignees, thus leaving the bank in a Lucas, Liberal Unionist by a I Decision in a Washington crippled condition. A partial stateof 1407,*the total vote being 625 ment of the assets and liabilities is Liberals now carry it by s maj Territory School promised for this afternoon. although 1550 in a total vote of 7220, the it is doubtful if anything very definite Land Case. increasing their poll by 464 W will be learned before the rough examConservatives increasing their ination is made, and this will consume 321. A prominent politician, I considerable time. The failure caused to the election, says that it abc SHOT THE DOCTOR. some excitement in the city, although Liberal Unionists are returning among financial men it was not much allegiance. of a surprise. Yellow Fever. The Columbia Bank of PhilaNO DEFINITE CAUSE. PHILADELPHIA, July 80.-T NEW York, July 30.-The Post's finandelphia Closes its Doors, Prince Albert, from Rio Jane elal article says: "There was no definite bark Carrie L. Tylet arrived ye cause assigned for the decline in prices and are detained at Delaware this morning aside from the general water, being infected with yellow Cars Wrecked-The Chicago and Northattack which bas been made on the One of the crew of the former ( market the past week the managers western Railroad-Guiteau's Law. the passage and several are . say this attack on the market was The Captain of the Tyler died yer-Thieves Surrounded-Atstrengthened by the suspension of the low fever at Matanias and the m Columbia Bank of Philadelphia which, lantie and Pacific-Rates a number of the crew were Dent it is claimed, supplied a considerable hospital. to Philadelphia. portion of the money by which Henry ES, Fire in Car Works. S. Ives & Oo. were enabled to carry on / their negotiations. For some time past CHICAGO, July 30.-A fire this CABLE LETTER. at the offices of Ives & Co. it was said ing in the Wells & French Coo bridge and car building work Ives was not in the city. His partner, GERMAN HATERD OF RUSHIA REVIEWEDGeorge Stayner, was in but was too aged property to the amount of THE ENFORCEMENT OF LONG busy to talk. It was claimed this 000. Sixty men working in the LAPEED LAWS. morning by friends of Ives that the smith shop adjoining had a narr Celambian Bank was indebted to Ives cape with their lives. ey. [Copyright 1897 by the New York Asse. & Co., but the general belief on the Urging Ferry to Fight. street is that the account stands the ciated Press.] PARIS, July 30.-General Boul other way. BERLIN, July 30.-Instead of the Russeconds have Had an interview w de

3. July 31, 1887 Los Angeles Daily Herald Los Angeles, CA
Article from Los Angeles Daily Herald, July 31, 1887

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EASTERN NEWS. The Columbia Bank Suspends Payment. INUNDATIONS IN GEORGIA. Another Panic Among Speculators on the New York Stock Exchange. Associated Press Dispatches to the HERALD} PHILADELPHIA, July 30.-The Columbia Bank, a State institution, closed its doors this morning, and placed a notice on the door saying that an assignment had been. made to Seodium Megargle and F. P. Kernan, two attorneys, All efforts to obtain any statement as to the amount of liabilities or assets proved futile. It is believed, however, that the failure is a complete one. President Bell, of the Farmers' and Mechanics' Bank, with whom the Columbia had a deposit account for several years, stated that the checks of the latter were dishonored because they had no money to their credit, and furthermore had no securities on deposit, as was claimed by the Columbia officials. CAUSES OF THE FAILURE. It is understood that the chief causes of the failure were the heavy advances made on the drafts of the Ives-Stayner party, of New York, and the advances on consignments of merchandise shipped from South America and other points which were not taken up by consignees, thus leaving the bank in a crippled condition. A partial statement of the assets and liabilities is promised, although it is doubtful if anything very definite can be learned before a rough examination is made, and this will consume considerable time. The failure has caused some excitement in the city, although among financial men it is not much of a surprise. Among the back assets are bonds and stocks put down at $133,000, but their market value is very doubtful. GARRETT'S CONNECTION. A gentleman who is in a position to know said this evening: "When negotiations for tbe purchase of the Baltimore & Ohio stocks from Robt. Garrett were in progress, Ives deposited a considerable amount of money as margins and when the negotiations were declared at an end, Ives did not get his money back and Garrett went to Europe, thus leaving things tied for a time at least. Therefore Ives was somewhat crippled and unable to settle the with Columbia." STAYNER'S STATEMENT. Stayner was seen late to-night and repeated the statement that no deal with his firm had embarrassed the bank. In reply to a question whether he had made a statement that the Columbia Bank owed H. S. Ives & Co. $67,000, he said that he had made no such statement for publication. He would not, however, deny it outright. Ives has gone to Cinnati.

4. July 31, 1887 Telegram-Herald Grand Rapids, MI
Article from Telegram-Herald, July 31, 1887

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A PANIC IN WALL-ST HARRY H. POWERS IN TROUBLE. A Serious Commoties Caused to the Stock Exchange by His Non appearance stocksthold at Great Sacrifice. New Your July 39-The selling yeater day which caused a beavy liquidation in toe afternoon developed into a panic at the opening of the Exchange this morning and stocks were sold at any sacrifice. The only object of the brokers seemed to be the closing of the accounts of the ruined specu lators The greatest cause of the decline was the non-appearance of Harry Powers. who took the place of Russell Sage as the leading writer of privileges on the street. His business was enermous, and many operators held his puts and calls as securities against their stocks. At the office of Gould and Henry, who do most of Powers' stock exchange business no statement could be obtained, although one of the ac taches admitted that Powers was erubarrassed but would probably come out all right and settle everything in full. There need be no suspension today even though be was bankrupt, as the half holiday prevented any stock being put 10 him today. The news of the non-appearance of Powers caused the offering of stock in such a volume that prices began to decline, which was only limited by the fact that no cash could be realized from any sales made today. Reading 5 per cent. in the first hour; Northwestern, 32: St. Paul 24: Missouri Pacific, 23; Canada Southern. 34 Richmond Terminal, 2. and Western Union, 24. The Post's financial article says: There was no definite cause assigned for the decline in prices this morning aside from a general attack which had been made on the market the past week. Managers of this attack on the market were strengthened by the suspension of the Columbia Bank of Philadelphia, which, it is claimed. supplied a considerable proportion of the money, which Henry S. Ives & Co. have been enabled to carry on their negotiations for some time. At the office of Henry 8. Ives & Co. it was said Ives was not in. His partner, George H.Staynor. was in but was too busy to talk to the newspaper reporters. It was claimed this morning by friends of Ives that the Columbian Bank was in debted to the firm of Henry 8. Ives & Co. The general belief in the street, however, is that the account stands the other way. U.D. Cameau, of 81 New-st., member of the Consolidated Exchange, has failed. Two hundred shares of the New York and New England stock were sold for him under the rule. J. C. Helm, another broker of the Consolidated Exchange, failed, and 1,1600 shares of the St. Paul, and 120 shares of the Lake Shore, were sold cut under the rule for his account. His indebtedness to the clearing houses will probably not exceed $2,000. In regard to Harry Powers, the Post says: Late yesterday afternoon reports were fly ing around that Harry H. Powers, the well known put and call broker on the street, was in trouble, that he would be unable to meet his/contracts and though that would bring down the brokerage firm of Gould & Henry. Kennedy, of the firm of H. I. Nicholas & Co., hearing the rumor in regard to Powers' standing, called upon the firm for a deposit of 5 per cent. margin which he was entitled to, on a 500-share contract of the firm which he held. He could not find any member of the firm. and was unable to get the check for the amount. Kennedy did not care to wait and sold 500 shares on the Stock Ex. change for the account of Gould & Henry. The price obtained was 92, and the loss on the transaction to the firm was only $375, Gould & Henry said the whole thing was a blunder, and that the house had not susand did not intend to. was that Powers was simply a little for pended of his It pressed uncles, said money and had gone to one who 13 reputed to be worth $1,500,000. and expected to raise sufficient money to relieve the pressure at the office of Gould & Henry this morning. It was learned that Powers had not yet arrived with the money. but they were expecting him every minute. Further than that nothing would be said.

5. August 1, 1887 Press and Daily Dakotaian Yankton, SD
Article from Press and Daily Dakotaian, August 1, 1887

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There was a panic on Wall street Saturday, which sent stooks down with a crash and caused several failures. There was also a break in cotton. The Columbia bank at Philadelphia sympathized with these transactions sufficiently to close its doors. Several other minor failures are noted in various portions of the country as the probable result of the Wall street condition,

6. August 2, 1887 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, August 2, 1887

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The Broken Columbia Bank. (By telegraph to the Dispatch.) PHILADELHHIA, August 1.-Nothing new has transpired in connection with the failure of the Columbia Bank and no statement has as yet been issued. President Phillips déclares that the statements of the bank's dealings with Ives & Co., of New York, are greatly exaggerated, and says that the assignment was wholly due to temporary lack of funds in Philadelphia. He says the assets will fully meet the liabilities, which cannot possibly be more than $3,000,000. But many of the assets are of such a nature that a forced sale would be ruin. The assignees have done nothing yet beyond notifying the holders of securities and other creditors that the affair is now in their hands. This evening President Charles L. Phillips, of the suspended Columbian Bank, authorized the publication of the following statement of the financial condition of that institution Liabilities to depositors: Savings-fund depositors, Germantown, $76,636.96 savings-fund depositors, Philadelphia, $62,389.37 banking depositors, $127,574.99; certificates of deposit, $12,000-total, $278,901.33. Assets : Loans, $153,347.49; advances on merchandise, $125,000; bonds and stocks, $132,000; mortgages and ground-rents, $51,655.06; cash due from correspondents, etc., $16,898.77-total, $478,901.32. By this showing the assets are about $200,000 in excess of the liabilities, which is exactly the amount of the stock of Columbian Bank.

7. August 4, 1887 Reporter and Farmer Webster, SD
Article from Reporter and Farmer, August 4, 1887

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perors William and Francis Joseph will meet at Gastein on Aug. 6. The Belgian chamber of deputies, by a vote of 83 to 35, has rejected the proposal to extend the right of suffrage. Gen. Boulanger's seconds, Count Dillon and Gen. Favorot, have left Clermont Ferrand with a challenge to ex-Premier Ferry to fight a duel on account of the speech made by Ferry at Epinale recently. attacking Gen. Boulanger. Postoffices established: Dakota: McGrawville, Faulk county. Postmasters commissioned-Montana: Wickes, J. Schreiner. William G. Webster, of Iowa, has been appointed to a $1,009 clerkship in the bureau of labor. Miss Ella F. Larkin, of Nebraska, has been promoted from a $1,000 to $1,200 clerkship in the general land office. Mies Elizabeth L. Van Lew, the lady who was not long since reduced from $900 to $720in the postoffice department, resigned her position. Two clergymen in the Fiftieth congress are Stewart of Georgia and McKinney of New Hampshire. Secretary Whitney announces that the navy department has made a contract with the Hotchkiss Ordnance company, the effect of which will be the establishment of a branch manufactory for Hotchkiss ordnance in this country. Adjt. Gen. Wolseley, of the Britisharm gets a salary of $13,500, while the great Von Moltke gets only $8,000. Paddy Ryan, the pugilist. gallantly sav. ed a baby's life in San Francisco, the other day, knocking down a horse who was about to trample it to death. The board of railroad commissioners render an important decision on the long and short haul question. They say Minneapolis & St. Louis road cannot charge the same rates from St. Paul to Red Wing as the Milwankee. The Minnesota & Northwestern railway announced radical reductions in the freight tariff between the twin cities and Chicago Near Lakeside, Mich., a train from the east struck a wagon containing Miss Hat. tie Shaver, Miss Hattie Reynolds, Lottie Shaver, Fred Hatch and Charles Wilbeek a and killed the first two. Lottie Shaver, little girl, cannot live. The ladies were carried 113 feet and thrown down an em bankment. Near Lyons, Neb., Peter Grenitt went down a well to clean it out and wasfatally suffocated. James Grenitt, his father, went down to assist him, and he too was overcome and died in half an hour. Hanlan has accepted Teemer's challenge to row a three-mile race for $1,000 a side. The race will be rowed on Toronto bay on Aug. 12 or 13. Bishop Laughlin of Brooklyn, has been ordered to Rome to purge himself of disobedience and contumacy. The Kansas state board of equalization has completed its work. The assessment was made at about one-third of the actual valuation of property. The increase during the last year was $33,473,363.30, the total valuation being $310,596,686.64. There was a great fall of stock in New York recently, owing to continued assaults of the bears. The Columbia bank of Philadelphia has assigned. A bad accident occurred on the Hooksett branch of the Concord; N.H., railroad. i George French, express messenger, and s Frank Barney, brakeman of the mixed were The train, lived long enough killed. say latter, his however, to that fellow brakeman, George Salter, had left the switch open.

8. January 4, 1888 Butte Semi-Weekly Miner Butte, MT
Article from Butte Semi-Weekly Miner, January 4, 1888

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Sherman's boom in Ohio. 28. Rains submerge City of Mexico. Taylor's obsequies in Salt Lake City. 29. Limerick riots. Fire in Chicago tene ment destroys many lives. 30. Columbia Bank failure at Philadel phia. 31. Russia and Germany playing at cross purposes. August. 1. Labor troubles at Pittsburg. 2. Famine in Central America. Jay Gould establishes bank in China. 3. Wheat panic at San Francisco. Tre velyan's victory in England. 4. Calumet and Hecla mine on fire. Railway accident in Mississippi. b. Eleven boodlers convicted at Chicago AlCholera at Malta. Earthquakes in geria. 6. Men killed launehing steamer at Milwaukee. Pardow Warsley died. 7. Nationalists and Orangemen fight near Belfast. All serene in Homolulu. 8. Needles, Arisona, destroyed by fire. A railroad in Ireland boycotted. 9. Kit Carson's son murdered in Colorado. 10. An excursion train wreeked and over 100 lives lost in Illinois. 11. Fred Hopt executed at Salt Lake. 12. Ute Indians in Colorado on the warpath. Great fire in Pittsburg. 13. Senator Stanford arraigned at San Francisco. 14. Settlers in Colorado armed to Sight BulIndians. Ferdinand I takes reins of garian 15. government. Indemnity lands of A. & P. railroad thrown open to settlement. 16. Dynamiters at work in Ireland. Mexican Central engineers on a strike. 17. Frightful collision on the B. & O. near Washington. 18. Prof. Fowler died. Many Chinese drowned in Han river. 19. Steamer City of Montreal burned in mid-ocean and many lives lost. 20. Northern Indian warended. Heavy hail storm in Kansas. 21. The Thistle arrived in New York. 22. Cholera raging in Italy. 2B. The Red River railway war. 24. Emigrant train wreeked in West Virginia. 25. The Viceroy demounces Irish National League. Passenger train on U.P. falls through broken bridge. 26. The Czar shot at. Fishing schooner with fifteen men lost near Boston. 27. Bloodshed in engagement with the Indians. 28. Trouble anticipated between China and Russia. 29. More evictions in Ireland. 30. A desperado kills three men at Santa Fe. American Consul insulted in Mexico. 31. A Chinaman in Chicago kills a policeman. September. 1. Villard seeks reinstatement. Fatal feud in Arizona. 2. Bishop Harriadied. Damagingfloods in England. 3. The Red River railway war creates discontent against Dominion. 4. Riots in Mexico. National League meeting dispersed by the troops. 5. One bundred and thirty bodies recovered from a theater fire in England. 6. The G. A. R. reunion at Omaha. Tornado in Ohio. 7. Fatal accident on the C. B. & Q. railroad. 8. McDonald, convicted boodler, makes daring attempt to escape at Chicago. 9. Riots in Dablin. Sale of the B. & O. telegraph lines. 10. Floods in Arizona. Train robbers killed in Texas. 11. O'Brien arrested at Dublin. Pow. derly wants Government to own railway and telegraph lines. 12. Coal miners throughout Pennsylvania on general strike. 13. Irish troubles agitating England. 14. Chicago Anarchists sentenced to swing. 15. Irish landlords refuse concessions. 16. Bank of Nevada fails for $7,000,000. Volunteer chosen to race the Thistle. 17. Water famin in Washington. American party platform adopted. 18. Grinnell says Anarchists must hang. 19. Independent Odd Fellows convene at Denver. 20. Dillon declares O'Brien a muchabused man. 21. Parsons pleads for pity. Railroad wreck in Kansas. 22. Pacific railro investigation. 23. The Alsea, from Mediterranean ports, brings cholera into New York harbor. 24. Prince Frederick William's throat trouble. The I. O. O. F. convention at Denver adjourmed. 25. San Carlos Indians raising Cain in Arizona. Fifty thousand G. A. R. men under canvasin 26. St. Louis. Shooting on the French frontier. 27. International yacht race won by Volunteer. Democrats organized in New York. 28. O'Brien asked to quit speaking. 28. Col. Hughes-Haliett resigns from Parliament. 80. President Cleveland and wife left Washington for the West. October. 1. President Cleveland's ovation in Indiana. 2. Russia disturbing tariffs. Knights of Labor Assembly at Minneapolis. 3. Cleveland pump-handled at St. Louis. Schooner and seven men lost on Lake Michgan. Veiled Prophets parade at St. Louis. won ocean race 5. 4. Crow Indians on the rampage. Ship

9. April 22, 1894 The Times Richmond, VA
Article from The Times, April 22, 1894

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surplus. He began to complete his scheme for the transcontinental system. The Baltimore and Ohio was to be the Eastern end of this, and he negotiated successfully with Robert Garrett for its purchase. With $2,000 000 stolen from the Cincinnati, Hamilton, and Dayton he bought an option in t and began to exercise the rights of in owner. The Baltimore and Ohio included the Baltimore and Ohio telegraph. He got all ready to gell the telegraph system to the WestUnion for $3,000,000. But his affairs were rapidly becoming Involved. The more he stole the more had to steal. Capitalists began to confidence. Trust companies wanted money. Ives grew pale and hagbut he kept or with a bold front, he had nothing to lose except his iberty. When many were beginning to think the end had come, he suddenly ippeared as master of the Vandalia road, with its rich treasury to delve into. And deeply did he plunge his rapacious ands into It that h about a month he nearly $2,000,000 and brought the oad to the verge of ruin. In July, 1887, misfo-tunes began to gathabout him. Robert Garrett salled for Europe, taking the $2,000,000 with him, and aying that the time of the option had xpired and that Ives had not fulfilled he contract. The Mineral Range stockolders began to clamor, the C., H., and stockholders begin to rub their sleepy and shout "Thief!" The Vandalia eople were alert, the New York people whom he was borowing were demandtheir money. The wonder is that he held on as long he did. He never faltered, but brazenit out. He announced with calm condence that the clamor was all newspaper He lived more extravagantly than Then the Coumbia Bank of Phildelphia failed, and Charles Phillips This was the final blow. the morning of August 12th Ives anounced that his firm was never stronger that all rumors to the contrary were Late in the afternoon of the same he sent for the reporters. When they assembled in his office he came out cheerful, smoking a cigarette. "What is the news you have for us, Ives?" said one. "Oh," said Ives, blowing out a great loud of smoke, 'we've assigned. Liallities $20,000,000, assets $21,000,000." When they cleared up the wreck they that he had overstated the liabiliby about $3,000,000 and the assets by $10,000,000. He had stolen and used one way and another nearly $6,000,000. of this he had squandered for his ersonal uses, some he had spent as insome had gone in stealing railHe had utterly wrecked the MinRange. He had nearly ruined the Cincinnati, Hamilton and Dayton, hich could ill bear the loss of $3,000,000. had reduced the Vandalia to the verge bankruptcy. When his failure was announced in Stock Exchange, the brokers cheered It was the first time that the isfortunes of another broker had ever greeted with joy. Nearly a year passed before evidence be disentangled and a warrant issued against him. On July 24, 1888, gave himself up in Cincinnati with tayner, and soon afterward the case was smissed. Some time afterward the pair advertised in a civil suit, brought gainst them by the Cincinnati, Hamilton Dayton, and were committed to Ludstreet jail in default of $250,000 bail. remained there, living in luxury getting fat, until January 26, 1889, they were transferred to the Tombs, iminal charges of forgery, embezzlement larceny having been brought against trial began September 11, 1889, and until September 26th. Woodruff, one his tools, turned informer, and swore Ives tried to forge Christopher Meyname after the old man died. But jury disagreed, two holding out stubfor acquittal. In March, 1890, both secured their freedom again. first Ives lived quietly with his sisin Brooklyn in a fine house he had

10. September 27, 1894 The Farmers' Union Memphis, MO
Article from The Farmers' Union, September 27, 1894

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# CHICAGO IN A FRENZY # GIGANTIC UPRISING AGAINST GAMBLING. Miners Appeal to Courts to Resist Re-duction of Wagés Indians Town Fights Advance in Gas Rates-Two Disastrous Sunday Blazes, Told In a Few Words. -The campaign against gambling is on In good earnest in Chicago Within the past few days raids, instigated by the Civic Federation, have been made upon many of the largest gaming houses, and the "lay-outs" captured and burned. Sports and gamblers "out of a job" stand around their old haunts and swear at the new order of things. Sunday a mass meeting was held in Central Music Hall, and this gathering declared war azainst the evil Rev. H. A. Delano, in his sermon. deplored the fact that the big speculators in grain escaped unscourged. Rev. William M. Lawrence, of the Second Baptist Church, rated bargain day patrons as gamblers. The First Methodist Church was crowded with enthusiasts engaged in the crusade against gambling, and many other ministers joined in the crusade. -Fire on Sunday destroyed property worth $1,500,000 in Portland, Ore. Three men are supposed to have been burned in an elevator. Park Opera house the chief amusement resort in Erie, Pa, for forty years, was burned. entailing a loss of $60,000. -The miners of the Pittsburg district-who are now worklig under the Columbus compromise, 69 cents a ton-now assert that if the operators who signed the scale attempt to reduce wages they will go into the courts. -Citizens of Wabash, Ind., are excited over an advance of 50 per cent. in the rates for natural gas furnished them. The price now is 6 cents per 1,000 feet and the new rate is 7½. -R. G. Dun & Co's Weekly Review of Trade says: Pienty of material for encouragement and also for discouragement can be found by those who seek that and nothing else. But business men who want to see the situation exactly as it is find accounts so far conflicting that it is difficult to strike a balance. In the aggregate, business is about a tenth larger than last year, but still falis about 25 per cent. below a full volume for the season. -S. Edwin Magargee, one of the assign-ees of the Columbia Bank of Philadelphia, says that ex-President Phillips is entirely innocent of any wrongdoing la connection with the affairs of the suspended bank, --At Zeigler Station. Ga.. Sheriff L. B. Brooker. of Scriven County, was seriously shot by George M. Zeigler and his son sol in a political quarrel. Brooker shot Zeigler seriously and wounded the son in the arm. -John Gillen, a deaf mute, was caught under a falling plate glass at Kokomo, Ind., and fatally hurt. -Perry Cook, suspected of stealing horses. was lynched near Lincoln, O. T. -Caving of the earth from some unknown cause has created great excitement among farmers in the vicinity of Wichita, Kan -The Rock Island Road cut its quarterly dividend in two because it had not been earned, and its action is generally approved. -Thousands of answers have been re-ceived bythe Smithsonian Institution to the offer of $10,000 for a treatise embodying some new discovery in regard to air. -A company has been incorporated at Columbus, Ohio, to build an electric road from Pittsburg to Chicago and to furnish heat and light to towns along the line. -Secretary Gresham has prohibited publication of "ads" in the bulletin issued by the Bureau of American Republics. -Bradstreet's reports continued improvement in business in all sections of the country, and notes Chicago's growing importance as a jobbing center. -Charles Watkins, alias Jesse B. Roper, a murderer for whom rewards of $4.700 are offered, was arrested at Perry. O. T. -Schooner Colonel Cook, which thirty-four years ago sunk the Lady Elgin, whereby 300 lives were lost. has been abandoned on Lake Erie. -Colorado's gold output for 1894 will reach $12,000,000, the largest in its history. It is hoped to mine $25,000,000 in 1895. -People of Sturgis. Ky.. have armed themselves to resist payment of the railroad tax and bloodshed is feared. -Charles F. Gloystein, of Spokane, Wash., supposed to have been murdered by populists, has been found alive at Grant, Oregon. -Mme. Fursch-Madi, the noted opera singer, died in New York. She was about 50 years old. -Dr. Rafael Nunez, President of the Republic of Colombia, died from gastric fever. He was 69 years old. -Charles B Norris, wanted at Pearsall. Tex, for a murder committed ten years ago was arrested at Chicato -Harry Jones, a Chicago negro, 62 years old, and tired of life. offered to sell his body to a drugzist ior $25. with which he proposed to have a last spree. -A post-mortem examination of one of the cows inoculated with tuberculin at the Michigan Insane Asylum disclosed tuber-culosis. -P. C. Patton, a merchant of McGhee, Ark., was murdered and his store looted by a gang of negroes. They were captured, and a lynching is expected. --Michael Lewis, of South Orange, N. J.. a trolley motorman, was found guilty in Newark of manslaughter in causing the death of little Martha Henry. Aug. 4 last. The full penalty to which Lewis is liable is ten years in the State prison. -Engineers are surveying a railroad to be run between Springfield, Mo, and Harrison. Ark Eastern capitalists are inter-ested in the project, -John and Jasper Atkins, white, were hanged at Winnesboro, S. C. for murder. The Governor wished to commute the sentence, but feared to do so W. IH. Hall. George E. Dameron, and Major W. D. Adams, prominent Keatucki-ans, have been arrested, charged with swindling business houses by a new method. -Cyrus Conway, 60 years old. was killed by the cars while gathering coal along the eailway track at Shreve, Ohlo -Theodore Bartholder, insane, was ar-