16532. Security Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 2, 1874
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
6d8bb666

Response Measures

None

Description

Multiple papers (April 2–3, 1874) report the Security Bank of New York 'has suspended' or 'decided to close business' and attribute the failure to an absconding cashier and improper speculations by an officer (bank-specific dishonesty). There is no clear contemporaneous reporting of a depositor run causing the suspension; articles attribute the action to internal dishonesty/speculation. Thus classified as a suspension followed by permanent closure.

Events (2)
1. April 2, 1874 Other
Newspaper Excerpt
The Security Bank of New York, organized in 1870 ... has decided to close business after losing $250,000. The stockholders pay off the depositors and pocket the loss.
Source
newspapers
2. April 2, 1874 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closing/suspension attributed to an absconding cashier and improper speculations by one of the bank's officers (dishonesty and bad speculations). Multiple papers state this as the reason for the bank's closing/suspension on April 2, 1874.
Newspaper Excerpt
The Security Bank of New York City has suspended.
Source
newspapers

Newspaper Articles (14)
1. September 23, 1873 The Rutland Daily Globe Rutland, VT
Article from The Rutland Daily Globe, September 23, 1873

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New YORK Sept. 29. The Brooklyn Bank Presidents met to. day and resolved to sell one million of United States securities in case of emergency. The majority, however was of opinion that there would be no run upon them. They will stand by each other whatever may happen. A SLIGHT RUN. There was a slight run on the Fifth Ward Savings Bank, Jersy city, to-day. AN IMPROVED GENERAL FRELING The Evening Post says the day closed with an established improvement in the general feeling. One day more with the Stock Exchange closed will. it is thought. put everybody in such condition. so far the exercise of reason is concerned, that it will be prudent for the broken to again be. gin business. This afternoon money lent on the street as high as 9 per cent. that rate having been paid by distressed brokers. President Vail of the Bank of Commerce. said this afternoon that confidence had been very greatly improved. He thought the action of the government in buying five-twenties had been highly beneficial loosing greenbacks STATEMENTS OF JAY COOKE AND CO. Jay Cooke Co. notify the holders all drafts drawn against money deposited since their suspension will be paid on presentation of holders, and those drawn previous to suspension are referred as follows: Of Lathrop. Lroy, N. Y. to Bank of Commerce : of all Canada banks except Molson's bank of London and its branches to Metropolitan bank of Molson's bank, of London. St. Thomas and Owen Sound, Ontario to Park bank holders. Drafts drawn by bankers in various parts of the country and abroad are referred for payment to banks and banking firms to whom accounts against which drafts are made. has been transferred. HUNS st BRIDING IN WASHINGTON WASHINGTON Sept. 22. The run on the Freedman's and Washington city savings banks has nearly sub. sided. not more than a dozen persons being at either place at any one time during the day. RUN ON NEW JERSEY SAVINGS BANK. TRENTOS. J., Sept. 22. There was a run on the savings banks today. The directors claimed two weeks notice according to their charter. and took the names of all who wanted their money. The banks are amply able to pay every dollar. The regular banks were also called upon by a few depositors, whose demands were promptly paid. Each of the three banks in Trentonhave a surplus of over $100,000 ANOTHER st SPENSION. PITTSBURG Sept. James T. Brady & Co., brokers of the Security Trust Company suspended today. RUN ON ALBANY SAVINGS BANKS. ALBANY. Sept. was quite a run on some of the banks here to-day. savings There The Albany Home Savings Bank paid out 850,000 Savings Bank, $6,000. and the National $12,000. AL p.m., when the banks closed. there was a better feeling prevailing. and it is thought the run is now over. THE NEW YORK CITY SAVINGS BANKS. NEW YORK, Sept. 22. The savings banks. being run upon. do not all enforce the thirty or sixty day notice provision of the charter. The Bowery Savings Bank has such an amount of cash on hand that it will not 10 quire such notice. The Murray Hill Bank is also pay ing all demands upon it. The Metropolitan Savings Bank and Third Avenue Savings Bank both require notice. The savings bank in Bleeeker street are paying as nstial. and there have been no more withdrawals than in ordinary times. Manhattan savings bank, corner of Broadway and Bleecker street. have such confidence in their stability that they are paying without any notice being required. The Citizen's savings bank in the Bow. ery are paying all small sums but require thirty days on all amounts above $1,000. Mechanics & Traders', East River. New and Ainsterdam are all paying on demand require no notice. Payments are not beyond the usual amounts In many of the banks which are paying on demand depositors frequently leave with ut withdrawing their money to when they find that the bank is ready deSome of the banks that have elded pay it to enforce the thirty day provision their reabiding so rigidly by the letter of charter that it is creating some discontent. The Security Bank,corner of Thirty-fourth street and Third avenue will make no pay. ments unless notice is given. Many small depositors grumbled at this. the they wanted to withdraw amount of their entire not because deposits and but wanted they stood in need of ready money Bank a portion of their that however, denied them. officials, to draw funds. saying establish paying them they would by precedent that might be followed side. every one of their depositors on the west The savings bank depositors for the seemed to be much alarmed and gathered time in groups around the institutions held their money, but consideration all danconvinced that them of the absence of to and they gave up the inclination could. draw ger their money, even if they ) A HEAVY RUN WELL MET. There has been a run on the Union during Dime bank, No. 396 Canal street over and at two o'clock there savings he day, and were around hundred people inside and seven bank. They required no notice 1 the until seven o'clock this evening. paid bank has ninety thousand deposi- on This million and it half of cash tors, and had PRODUCED

2. October 2, 1873 New-York Tribune New York, NY
Article from New-York Tribune, October 2, 1873

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# FINANCIAL MATTERS they declined to do, for the same reason that the Clearing-house omitted to publish the bank statement last week. It was evident that currency was passing out of the banks somewhat faster than it was coming in, and that the officers believe that a published statement of the exact condition of the banks might create doubts which they do not entertain themselves, and which they do not consider warranted by the facts, if correctly understood. They look upon the combined action of the banks as having placed all beyond the possibility of danger, and as having been chiefly instrumental in preventing the spread of the panic into commercial circles. They think the tide is about turning and that public confidence will soon be restored. Then greenbacks and national currency will come out of the safe deposit companies and the pockets where they now lie concealed, and will enter upon their legitimate work. Till then the banks cannot pay currency, because they cannot get it to pay; the whole matter depends upon circumstances beyond their control and equally beyond their knowledge. The demand for discounts is, on the whole, not greatly changed; but nearly all the business is done by certified checks, currency being paid out only in small amounts, and also constituting a very small proportion of the deposits received. It was very generally reported yesterday that the demand for currency to be sent to the country banks had fallen off, and that several banks out of the city had telegraphed to stop further shipments of currency to them, while others had returned greenbacks. The reporter did not verify the report in the banks which he visited. Charles A. Colby, Vice-President of the Security Bank, said that the only trouble they had known arose from the suspension of the Bank of the Commonwealth, through which they cleared. A temporary run was promptly met. Deposits were coming in well, and there was not a large demand for discounts-not nearly so large as last week. They paid out greenbacks in small amounts, and in all cases where they were required for paying off laborers. He thought that money would soon be abundant. Richard Berry, President of the Tradesmen's National Bank, said that the want of currency had not been very greatly felt among merchants, and during the panic the demand was greater than the actual need. The demand for discounts has fallen off since last week, and deposits are coming in well. On Tuesday $30,000 currency were received on deposit. The whole trouble, in his opinion, arose from a currency famine. The currency of the country was about the same now as in 1857, while the population of the country had doubled and its business had quadrupled. A. V. Stout, President of the Shoe and Leather National Bank, said that the demands for discounts were increasing, and the banks were striving to meet them. The discounts of his bank on Tuesday were two and a half times the receipts of the day. Not much attention had been paid to the requirements of law in regard to reserves. Money was coming back, but very slowly; the tide had turned, but was not very strong yet. He had been in every panic since that of 1837, and had never seen anything comparable to this. The city had been saved from permanent injury by the action of the associated banks. The Vice-President of the Merchants' Exchange National Bank told the reporter that there was an improved tone in the mercantile community, and money was coming back; they had received $45,000 over the counter on Tuesday. The demand for discounts had not perceptibly changed. They gave all that they could spare on good paper. He said that the statement was not made last Saturday because it could n't be prepared. Some of the banks put in their checks and others did not, and a statement would have been only partial, and therefore unfair. No bank could tell exactly how it stood, because they were all "pooled" every morning and the securities of each bank went into the common stock, constituting practically only one bank. He did n't suppose that the statement would have been published even if it had been prepared, as the banks didn't want to make another panic. "We have violated the General Banking act," he concluded, "and if we've sinned, of course we are'nt going to tell of it." Jno, L. Everitt, cashier of the Broadway National Bank, said that the prospect seemed brighter. The demand for discounts was diminishing, and their ability to meet them was improving; they had discounted more yesterday than on Saturday last. The greatest trouble was with the out-of-town banks, who were unable to remit currency, and found a difficulty in obtaining New-York exchange. Their bank had not drawn on its reserve seriously, and he thought only those banks had done so that had large out-of-town deposits. George 8. Williams, cashier of the Chemical National Bank, said that the demand for discounts had been very heavy, and the bank had been very liberal in meeting it. He thought the demand in many cases was in excess of the requirements of those asking for discounts; merchants wanted to secure themselves against the future, and have money on hand for whatever might turn up. The demand had decreased, probably because people felt safer. All who need currency can get it on good paper. They had drawn on their reserve, as all had, but they had a large amount of gold on hand which, if the worst came to the worst, they could pay out at par. He found that there was a better feeling everywhere, and he considered the panic over. W. K. Kitchen, President of the Park National Bank, said that the demand for discounts and the amount of daily deposits were about the same. The improvement in the condition of affairs consisted in the fact that they were no worse. It was slack water and the tide would soon turn. The banks were furnishing money to manufacturers for salaries and certificates to merchants for the transaction of their business. Geo. M. Hard, cashier of the Chatham National Bank, told the reporter that the demand for deposits was about the same, but the deposits were slowly increasing. He was satisfied that the banks, as a whole, were being slowly drained of their currency. There would be no marked improvement until there was more confidence, and hoarded money was brought out from the Safe Deposit Companies and the pockets where it had been hoarded. The bank reserves could not be made good in the present state of affairs. People were waiting for Friday, to see what would be the result of the stock brokers' settlements. If the panic should not be renewed then, it would be at an end, N. Amerman, cashier of the Mercantile National Bank, told the reporter that the demand for discounts was increasing, but could be met only by certified checks. There was very little currency in circulation. The people had got hold of it and seemed to be keeping it. E. Willson, cashier of the American Exchange Bank, said there was no perceptible change in the demand for discounts nor in the amount of deposits received. Their business was done by certified checks chiefly. There was no increase in the deposits of money, and they gave it out only in limited amounts. The orders from the country were very much diminished.

3. April 1, 1874 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, April 1, 1874

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TELEGRAMS IN GENERAL. There was no special features in the womans" crusade to-day at Cleveland, except that considerable number of signatures were obtained to the citizens and property holders pledge. Advices from London state that Salander is crowded with the wounded. The Carlist besieging force has partially suspended the bombardment of Bilbao, in order to turn their guns against Serrano's army. The Red Star Line, running from Philadelphia to Adtwerp, has arranged to run three of their steamers from New York. The strike of the workmen in the morocCO manufactory in Newark, N. J., has ended in the failure of the workmen to carry their point. A number of the strikers made application for employment. A few were taken back. The strikers at the Weehawken coal docks were replaced by other laborers to-day. The place is guarded by sheriffs and there is no trouble. To-day while the workmen were engaged in building stock for the new glass works at Steubenville, Penn., it gave way at the bottom and fell to the ground, carrying the roof and men with it. Several persons were injured. Schenectedy, 31. The Union College has received the generous gift of $500,000, to be made immediately available for educational purposes. The Security Bank of New York, organized in 1870, with a capital of half a million dollars, has decided to close business, having sunk half the capital. It is said that Rev. Dr. Chapin has retired from the editorship of the Christian Leader.

4. April 2, 1874 Public Ledger Memphis, TN
Article from Public Ledger, April 2, 1874

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LATEST TELEGRAMS. NEW YORK. NEW York, April 2.-The pledge not to use alcoholic liquors of any kind as beverages, and to welcome any adequate legislation, either State or national, for the suppression of the traffic in alcoholic liquors for drinking purposes, which has been in circulation among the ministers of New York and Brooklyn, has received over 100 signatures. Two lady delegates from each Evangelical congregation in this city will meet on Tuesday next to form a central union. Dio Lewis speaks at the temperance rally to-night. The closing of the Security Bank is said to be in no way due to the Commonwealth Bank or the panic, but to the dishonesty of the absconding cashier, and improper speculations on the part of one of the officers of the bank. The body found in the bonded warehouse turns out to be, from a card found yesterday, that of Charles Alfred Page, of Paimyra, Illinois, who died in London May 26th, 1873. Navigation is resumed on the Hudson river.

5. April 3, 1874 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, April 3, 1874

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NEW YORK CITY. NEW YORK, April 2.-The clcsing of the Security Bank is said to be in no way due to the Commonwealth Bank or to the panic. It is due to the dishodesty of the absconding cashier and improper speculation on the part of one of the officers of the bank. The body found in the bonded warehouse turns out to be, from a card found yesterday, that of Charles Alfred Page, of Palmica. III., who died in London, May 26th, 1873. Navigation is resumed on the Hudson river. The Stock and Gold Exchanges will be closed to-morrow. John Elliott, cotton merchant has suspended. One million dollars in gold was awarded to-day at from 113 22 to 113.31t.

6. April 3, 1874 The Wheeling Daily Register Wheeling, WV
Article from The Wheeling Daily Register, April 3, 1874

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NEW YORK. News Items. NEW YORK, April 2-The body found in a bonded warehouse turns out to be, from a card found yesterday, that of Charles Altred Page, of Polmica. Ill., who died in London May, 26, 1873. Navigation is resumed on the Hudson River. The Stock and Gold Exchanges will be closed to-morrow. John Elloitt, cotton merchant, has suspended. One million dollars in gold was awarded to-day at from 113 to 1131. The closing of the Security bank is said to be in no way due to the failure of the Commonwealth bank or to the panic. It is due to the diehonesty of the abscending cashier, and impropes speculation on the part of one of the officers of the bank. Temperance. The pledge not to use alcoholic liquore of any kind, as a beverage, and to welcome any adequate legislation, State and National, for the suppression of the traffic in alcoholic liquors for drinking purposes, which has been in circulation among the ministers of New York and Brooklyn, has received over one hundred signatures. Two lady delegates from each Evangelical congregation in this city will meet on Tues day next, to form a central union. Dio Lewis speaks at the tem perance raliv in Brooklyn, to-night.

7. April 3, 1874 The Daily Argus Rock Island, IL
Article from The Daily Argus, April 3, 1874

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MILWAUKEE, April 2.-A kerosene lamp exploded during a school exhibition at Middletown, Wis., last night, setting fire to the building. All rushed for the door. About forty were injured, four seriously. The fire was extinguished by two plucky women. LOUISVILLE, April, 2.-A fire in Lancaster, Ky., yesterday, destroyed eleven buildings in the business portion of the town. Loss, over $60,000. NEV YORK, April 2.-The closing of the security bank is said to be in no way due to the panic, but to the dishonesty of the absconding cashier and improper speculation on the part of one of the officers of the bank. MADISON. Wis., April 2.-An accident occurred at Middleton, in this county, night before last, by which a number of persons were injured. A meeting was being held in a school house, and two kerosene lamps were placed on a temporary staging. By some accident, they were thrown down, the oil taking fire. The audience, numbering 250, were panic-stricken and rushed for the stairway. In their frantic efforts to get out, another lamp was broken, which added fresh terror, and several persons were trampled on. One young lady was so severely injured that she did not recover her consciousness till the next morning. two or three jumped out of a window, it being seventeen feet to the ground, and were severely injured, but none are expected to die. By superhuman efforts a number of gentlemen succeeded in putting out the fire with overcoats and blankets. The following is the list of the injured: MissE N. Parmenter, Miss Mary Prien, Miss L. E. Clarke, Henry Scheuster and daughter, Miss Florence Coon, Miss Mary Dohr,Miss Celia Martin and Daniel Maul. The building was not badly injured.

8. April 3, 1874 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, April 3, 1874

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FROM NEW YORK. New York, 2. Weather cloudy, cold, wind east. Rev. Dr. Fulton in a lecture last evening on the Congregational Council, said that he had from the first considered it his duty to stand by Rev. Henry Ward Beecher, whom he considered the first pulpit orator in the country, above reproach in public and private life, and Christian ministers owed it to themselves to trample beneath their feet the infamous charges made against Beecher. The council, however, had proven the necessity of proper church discipline, as a minister is more dependent upon his friends and supporters than any other person, by reason of his peculiar position. Deputy Collector Vanderwerken resigned his position in the internal revenue office in Brooklyn, yesterday, and Assessor Hawley will probably follow suit to-day. Both were indicted with Sanborn, for fraud, but were acquitted Society German saloon keepers voted to demand of the mayor that one of their number be placed on the excise board. The Times compliments the Assembly for throwing out the alleged claim of $90,000, made by ex-health officer Swinburne. Thurlow Weed has a letter in the Tribune to-day warning legislators against certain bogue claims, including that of Swinburne, which was squelched yesterday. The N. Y. Free Medical College for women last night conferred the degree of M. D. upon 14 lady graduates, including one from Maine, Massachusetts and Rhode Island. The widow of ex-President Cespedes of Cuba arrived here last night. Statistics show that German immigration is decreasing. John H. Elliott, a cotton merchant, has suspended, Both passenger and freight steamers have commenced running to all points on the Hudson river. The closing of the Security bank is due to the absconding cashier and bad speculations by another of its officers. A despatch from first Vice President Clark of the Erie Railroad Company, now at Susquehanna Depot, says: "There is no trouble whatever on the line now. Everything is working well. I am in full charge. Sent all the soldiers away yesterday. Nearly 5000 cars have passed here since noon Monday. We shall have no more trouble. All the disabled engines are in running order again. We have all the men we want at present in the shop." Steamship Edgar Stewart is still in the custody of the U. S. Marshal at Baltimore, being held for trial at the June term of the U. S. District Court, on a charge of violating the navigation laws. Another attachment has been issued against Harry Genet's property, this time in favor of Henry Rogers. Lathrex, the Hamburg defaulter, was not arrested to-day and probably was not a passenger on the Hansa. Other steamers are to be watched. District Attorney Phelps promises to push the case of Detective Leahy for the murder of McNanara, to trial as rapidly as possible. Fifty thousand dollars in money, raiaed for the poor by theatrical benefits last week, have been handed to St. John's Guild for distribution. Robert Keyes, Conductor on one of the Pennsylvania Railroad trains which collided Saturday, died to-day from scalds. Cohoes, 2. The Tivoli Knitting Mills, owerd by J. G. Roots & Son, was totally destroyed by fire this afternoon. Loss $200,000; insured for $180,000. The Knitting Mill of Gregory & Hiller was partly burned. Loss unknown, but fully insured. Ogdensburg, 2. The Ogdensburg & Lake Champlain Railroad Company have commenced an action in the Supreme Court of this State against John Gregory Smith, the Vermont Central Railroad Company and others, to test the validity of the agreement of 1870, under which Smith & Co. have controlled the Ogdensburg road.

9. April 3, 1874 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, April 3, 1874

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NEW YORK. Legislative Matters. NEW YORK, April 2.-The Times compliments the Assembly for throwing out the alleged claim of $90,000 made by ex-Health Officer Swinburne. Thurlow Weed has a letter in the Tribune to-day warning legislators against certain bogus claims, including that of Swinburne which was squelched yesterday. The Erie Strike. A despatch from Vice President Clarke of the Erie Railway Company now at Susquehanna Depot says "There is no trouble whatever on the line now. Everything is working well I am in full charge. Sent all the soldiers away yesterday. Nearly 5000 cars have passed here since noon Monday. We shall have no more trouble. All the disabled engines are in running order again. We have all the men we want at present in the shops." The Sanborn Contract. The Post publishes the essential parts of the original contract which John D. Sanborn obtaived from the Treasury Department under the law of May 8th. 1872. It is signed by Wm. A. Richardson, Acting Secretary of the Treasury and by Sanborn, and contains the following agreements: First: That the said party of the second part may proceed to collect said taxes so alleged to be due the United States. Second: That in case any legal proceedings are required in the premises, th- same shall be conducted by the preper United States attorneys, but no such proceedings shall be taken without the written consent of the Secretary of the Treasury be first obtained, Third: No settlement of such claims shall be made except under the provisions of section 10 of the act of MarcL 3d. 1863. Fourth: All costs and expenses which shall be incurred by the party of the second part in investigating and prosecuting said claims of every name or nature, shall be paid and borne by said party of the second part, and no part of the same shall be paid out of that portion of whatever shall be realized from said claims and the agreement which is to be retained by the United States. Fourth: Whenever any money shall be collected from said persons upon said claims, either by legal proceedings or by settlement as a compromise of said claims, such money shall be paid by said persons to the credit of the Secretary of the Treasury and out oi any money so collected and received there shall be paid to said party of the second part in full for his services and for all costs and all expenses of such collection, a sum equal to 50 per cent. of the gross sum so collected, which said 60 per cent. shall be paid to the party of the second part as the money is collected and paid to the credit of the Secretary of the Treasury. The balance of said money is to be paid into the Treasury of the United States. Seventh: This contract may be renewed at any time at the pleasure of the Secretary of the Treasury. Various Matters. The New York Free Medical College for women last night conferred the degree of M D. npon fourteen lady gradnates, including from Maine, Massachusetts and Rhode Island. The widow of ex-President Cespedes of Cuba arrived here last night. Statistics show that German immigration is decreasing. John H. Elliott, a cotton merchant, has suspended. Both passenger and freight steamers have commenced running to all points on the Hudson river. The closing of the Security Bank is due to the absconding cashier and bad speculations by another of its officers. The Aldermen to-day passed strong resolutions in favor of rapid transit and endorsed the Eastman bill now pending The $50,000 raised by theatrical benefits for the poor last week, has been turned over to the St. John's Guild for distribution. Destructive Fire. CAHOES. N. Y., April 2.-The Tivoli Knit ting Mills owned by J. G. Raths & Son, was totally destroyed by fire this afternoon. Loss $200,000; insurance $180,000. The knitting mill of Gregory & Hiller was paitly burned. Loss unknown but fully insured.

10. April 3, 1874 The Rutland Daily Globe Rutland, VT
Article from The Rutland Daily Globe, April 3, 1874

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From New York NEW YORK. April 2. ABRIVED. The Pommerania from Humbuig FALLING OFF. Statistics show that the German immigration is decreasing. SUSPENSION. John H. Elliott. a cotton merchant of this city, has suspended. WILL BE CLOSED. The stock exchange and gold exchange will be closed to-morrow. PERSONAL The widow of exPresident Cespedes of Cuba arrived here last night. NAVIGATING THE HUDSON. Both passenger and freight steamers have commenced running to all points on the Hudson river. MORE RASCALLY BANK OFFICIALS. The closing of the Security bank is due to the absconding cashier, and to bad speculations by another of its officers. A COMPLIMENT FROM THE TIMES. The Times compliments the assembly for throwing out the alleged claim of $90, 000 made by ex-Health Officer Swinburne. WANTS TO BE REPRESENTED. The society of German saloon-keepers have voted to demand of the mayor that one of their number be placed on the excise board. 11 THURLOW WEED ON BOGUS CLAIMS. Thurlow Weed bas a letter in the Tribune to-day warning the legislature against certain bogus claims, including. that of Swinburne, which was squelched yesterday. RESIGNS. Deputy Collector VanDerwerken resigned his position in the internal revenue office in Brooklyn yesterday, and Assessor Hawley will probably follow suit to-day. Both wereindicted with Sanborn for frauds, but acquitted. FULTON ON BEECHER. Rev Dr Fulton, in his lecture last night on the Congregational conncil. said he had from the first considered it his duty to stand by Rev Henry Ward Beecher, whom he cons dered the first pulpit orator in this country, above reproach in public and private lite, and Christian ministers owed it to themselves to trample beneath their feet theinfamous charges made against Beecher. The council, however, had proven the necessity of proper church discipline, as a minister is more dependent upon his friends and supporters than any other person, by reason of his peculiar position. ALL QUIET ON THE SUSQUEHANNA. A dispatch from third vice president Clarke of the Erie railway, who is now at Susquehanna Depot, says there is no trouble whatever on the line now everything working well. I am in full charge. I sent all the soldiers away yesterday. Nearly 5,000 cars have passed here since noon Monday. We shall have no turther trouble. All disabled engines are in running order again. We have all the men we want at present in the shops. MURDERERS SENTENCED. The trial of Paoli and Steffani for the murder of Michael Harold was concluded, the jury returned a verdiet of murder in the second degree against Steffani and ac. quitted Paoli. Steffani was sentenced to states prison for life. RAPID TRANSIT. The board of aldermen this afternoon passed a series of strong resolutions on the subject of rapid transit. The necessity for rapid transit the board declared to be imperative. EASTMAN'S BILL. Resolutions were offered to urge the adoption of Eastman's bill as now amended, for the appointment by the governor of five commissioners whose duty it shall be to select the best plans and to receive The heard of

11. April 7, 1874 River Falls Journal River Falls, WI
Article from River Falls Journal, April 7, 1874

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The East. THE majority report of the committee on liquor law of the Mastachusetts Senate, is against any change. There are three minority reports, two for licensing under certain restrictions, and for comparatively free sale of liquor. THE war between the great railway trunk lines on the subject of carrying immigrants is likely to prove beneficial to the latter, as it will result in a great reduction of rates as long as it lasts. Vanderbilt says that, if it is necessary to fight the combination, he will carry immigrants at one dollar a head. A MASS meeting of colored citizens of New York city was held at Cooper Institute on the 30th ultimo, in memory of Charles Sumner. The hall was crowded to the doors. THE Security Bank of New York, organized in 1870, with a capital of $500,000, has decided to close business after losing $250,000. The stockholders pay off the depositors and pocket the loss. THE garment cutters of Philadelphia have held a secret meeting, at which they resolved that the five-day hands should receive $20 per week, the six-day hands $22 and $24 per week until further notice. A general strike will be entered into in the event of the employers refusing to accede to these terms. WM. A. GLOVER, convicted two years ago of being an accessory to the Boylston Bank robbery in Massachusetts, has been sentenced to twelve years in state prison. OPERATIVES in the jute mills at Methurn, about 250 in number, struck for a restoration of the wages to what they were before the panic. AT Susquehanna depot, March 30, it was believed the strike was practically over. No re-

12. April 9, 1874 Mower County Transcript Austin, Lansing, MN
Article from Mower County Transcript, April 9, 1874

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TLUULO THE war between the great railway trunk lines on the subject of carrying immigrants is likely to prove beneficial to the latter, as it will result in a great reduction of rates as long as it lasts. Vanderbilt says that, if it is necessary to fight the combination, be will carry immigrants at one dollar a head. THE majority report of the committee on liquor law of the Mastachusetts Senate, is against any change. There are three minority reports, two for licensing under certain restrictions, and for comparatively free sale of liquor. A MASS meeting of colored citizens of New York city was held at Cooper Institute on the 30th ultimo, in memory of Charles Summer. The hall was crowded to the doors. THE Security Bank of New York, organized in 1870, with a capital of e500,000, has decided to close business after losing $250,000. The stockholders pay off the depositors and pocket the loss. THE garment cutters of Philadelphia have held a secret meeting, at which they resolved that the five-day hands should receive $20 per week, the six-day hands $22 and $24 per week until further notice. A general strike will be entered into into in the event of the employers refusing to accede to these terms. WM. A. GLOVER, convicted two years ago of being an accessory to the Boylston Bank robbery in Massachusetts, has been sentenced to twelve years in state prison. OPERATIVES in the jute mills at Methurn, about 250 in number, struck for a restoration of the wages to what they were before the panic. Ar Susquehanna depot, March 30, it was believed the strike was practically over. No resistance is being made to the movement of trains. THE strike of employes at the Susquehanna depot has nearly suspended through travel. AN excited meeting has been held by the strikers at Susquehanna, Pa. They are firm and united, and will not allow trains to pass nor any business to be done until the railway company accedes to all their demands. District Attorney Carmolt made an address to the strikers, assuring them of his sympathy, and that they were not breaking the laws. The company have the alternative to accede to the demands of the men or send for militiary. THE fifth ballot for United States Senator was taken in the Massachusetts legislature with the following result: Dawes, 88, Hoar, 75, Curtis, 68. Adams, 13, Banks, 7. Whittier Washburne and Pierce received each one vote. Whole number of votes 254-necessary to a choice 128. THE $2,000 pigeon match, which was to take place between Ira Payne, of New York, and James Ward. of Canada, has been stopped through the instrumentality of Bergh. THE New York commissioners of accounts have made to the mayor, it is said, startling charges against Comptroller Green. Being requested to let them be seen the mayor positively refused until he had made an investigatien and satisfied himself with their truth or not.

13. April 9, 1874 The Idaho World Idaho City, ID
Article from The Idaho World, April 9, 1874

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THE NEWS IN BRIEF. The State Rights Democrat reports a case of smallpox in the neighborhood of Albany. The same paper saye a young hoodlum named Frank Hibler, was caught setting out fire in a barn on Water street, and locked up. A confidence man is operating on a small scale in Oregon. Salmon fishing is becoming quite an extensive business at the mouth of Rogue river. Report from London says the steamship Nile was lost recently. on her way from Hongkong to Yokohama, and all on board were drowned, including the Japanese Commissioners to the Vienna Expedition. The Panama Steamer supposed to be lost, has arrived at San Francisco. The military were ordered out to suppress a strike among the laborers at Susquehanna depot. Pa. The strikers were Erie railroad employees, and had stopped the running of trains over the road. The Massachusetts legislature has not yet succeeded in electing a United States Senator to take the place of Summer. The Bank of Commerce, Providence, Rhode Island. has commenced proceedings in bankruptcy against the A. & W. Sprague manu. facturing company. A disease resembiing diptheria has appeared among the children of Williard City, Utah, and is attended with fatal results in a large number of cases. Thomas McGeehan, in whose defense Val. landigham was engaged when he accidentally shot himself was shot twice and mortally wounded in Hamilton, Ohio, a few days ago. he having returned to that place after being warned away by the citizens. The Security Bank of New York City has suspended. Van Yormer. the mail carrier of American Fork, Utah, who was suppos to have been lost in an avalanche, is now believed to have been murdered, and a man named Burton has been arrested on suspicion of being the murderer. The operatives in the Methune Jute mills, Boston, have struck for higher wages.

14. April 10, 1874 The Andrew County Republican Savannah, MO
Article from The Andrew County Republican, April 10, 1874

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FINANCIAL AND INDUSTRIAL. -The recent strike among the employes of the Erie railroad in the machine-shops at Susquehanna Depot, Pa., was one of the most serious affairs of the kind that has taken place for some time. Nearly 100 engines were disabled, and freight valued at two or three millions of dollars was detained several days. The situation became so serious that the influence of the militia was invoked. Three hundred troops, under Gen. Osborne, marched to Susquehanna and took possession of the town and restored order. -The Erie railway strike at Susquehanna Depot is ended. The men were paid in full for February and March. and all of the strikers discharged. About half of them will probably be employed again. Trains are running as usual. The strike has cost the company about $1,000,000. -The Atlantic Delaine Company. of Providence. R. I., has gone into bankruptcy. -The Joliet (III.) Iron and Steel Company is seriously embarrassed. and the works have been seized by the bondholders. -Louis Riel, the Manitoba rebel, has taken the oath of allegiance, and subscribed to the roll of membership in the Dominion House of Commons. -The Security Bank, of New York city, organized in 1870 with a capital of $500,000, has decided to close business afterlosing $250,000. The stockholders pay off the depositors and pocket the loss. -An industrial disaster, which imperils the livelihood of 15,000 persons, is impending at Providence, The National Bank of Commerce has instituted proceedings in bankruptcy against the A. & W. Sprague Manufacturing Company. Frantic efforts are being made to persuade the bank to withdraw its suit. If these are unavailing, as is likely, 15,000 persons will be thrown out of work. -The receipts of the Michigan State Treasury during the month of March were $131,502.04: disbursements, $82,456.95 : balance in the Treasury April 1, $1,212,558.90. -The coal miners of the Hocking valley, Pa., are on a strike. -The national debt was reduced by $2,189,338 during the month of March. Appended is the official statement: $1,214,663,150 Six per cent. bonds 509,243,450 Five per cent. bonds Total coin bonds $1,723,906.600 $ 14,678,000 Lawful money debt Matured debt $ 6,852,800 Legal tender notes 382,076,837 51,720,000 Certificates of deposit 49,102,660 Fractional currency Coin certificates 37,045,000 Total without interest $ 519,944,497 Total debt $2,265,381,898 Total interest. $ 29,676,661 $ 86,121,379 Cash in the Treasury, coin Cash in the Treasury, currency 4,526,451 Special deposit held for the redemption of certificates of deposit, as provided 51,720,000 by law Total in the Treasury $ 142,367,830 $2,152,690,728 Debt less cash in Treasury Decrease during the month $ 2,189,338 Bonds issued to the Pacific Railroad Companies, interest payable in lawful 64,623,512 money, principal outstanding Interest accrued and not yet paid 969,352 Interest paid by United States 22,386,691 Interest repaid by transportation of mails, etc. 5,501,367 Balance of interest paid by United States 17,335,323 POLITICAL. -Following is a tabular statement of the balloting for United States Senator in the Massachusetts Legislature: 1. 26. 30. 28.