First National Bank (Albion, NY)

Episode Information

Episode UID
16601016
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
1660 national
Charter Number
166
Start Date
August 21, 1884
Location
Albion, New York (43.246, -78.194)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
416cd2781da83736

Response Measures

None

Receivership Details

Depositor recovery rate
35.0%
Date receivership started
1884-08-26
Date receivership terminated
1893-04-19
OCC cause of failure
Fraud
Share of assets assessed as good
26.1%
Share of assets assessed as doubtful
20.8%
Share of assets assessed as worthless
53.1%

Description

President A. S. Warner absconded with the safe combination and large alleged defalcations followed; receiver appointed by the Comptroller.

Events (5)

1. December 22, 1863 Chartered
Source
historical_nic
2. August 21, 1884 Suspension
Cause
Bank Specific Adverse Info
Cause Details
President A. S. Warner departed taking the combination to the inner safe; suspected embezzlement/defalcation and mismanagement of the Burrows estate prompted board to suspend business.
Newspaper Excerpt
Owing to the absence of the president the business of the First National bank of Albion has been suspended by order of the Board of Directors until an examination of its affairs can be made.
Source
newspapers
3. August 25, 1884 Other
Newspaper Excerpt
The inner safe of the First National Bank of Albion has been forced. Although those present at the opening made no authoritative statement, it is generally understood that nothing of value was found.
Source
newspapers
4. August 26, 1884 Receivership
Source
historical_nic
5. August 26, 1884 Receivership
Newspaper Excerpt
The Deputy Comptroller of the Currency appointed Henry J. Anderson receiver of the First National Bank of Albion, N. Y., wrecked by its President, Warner.
Source
newspapers

Newspaper Articles (22)

Article from Richmond Dispatch, August 22, 1884

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MORE CROOKEDNESS. A Missing Bank President and a Large Estate Involved. (By telegraph to the Dispatch.j ALBION, N. Y., August 21.-Owing to the absence of President Warner, the business of the First National Bank of Albion has been suspended by order of the Board of Directors until an examination of its affairs can be made. NEW YORK. August 21.-In relation to the closing of the First National Bank of Albion to-day, a Rochester dispatch says : It was ascertained that President A. S. Warner departed from Albion last Wednesday. taking with him the combination of the inner safe, and that it is likely that his absence will continue for some time. The condition of the bank cannot be ascertained until a thorough examination is made and the safe opened. Great excitement prevails in the village, as it is feared that depositors will lose heavily It is learned in this city that early in 1879 Roswell P. Burrows, one of the wealthiest men in Western New York, died, leaving an estate estimated at $5,000,000 to $10,000,000. Executors were his wife, his son, William R. Burrows, his son-in-law, Alexander Stuart, and A. S. Warner, and it is thought that there has been considerable crookedness in the management of this estate on the part of Warner, and that fear of exposure and prosecution caused him to leave home. Warner, since 1879, bas had almost sole charge of the estate. He has speculated in stocks, and is supposed to have lost considerable money in Wall street. Sometime ago efforts were made in the courts to oust him as executor, and a legal decision effecting this was rendered last Monday. Nothing is known as to how much of the estate is left.


Article from St. Paul Daily Globe, August 22, 1884

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ALL AROUND THE GLOBE. Jacob A. Ela, auditor of the treasury department, Washington, died of erysipelas, Thursday, August 21. Ela served two terms in congress from New Hampshire. Owing to the absence of the president of the First National bank of Albion, N. Y., its business is suspended until an examination can be had into its affairs. The Republican congressional nominations is Nebraska yesterday are as follows: First dis trict, J. Weaver: second district, Jos. Laird: third district, G. W. E. Dorsey. Otis Gray Randall, an old broker of Boston, has been arrested for crookedness. Allthe property of the Sprague Manufacturing company, of Augusta, Me., was sold at auction yesterday. What fifteen years ago cost fully $2,000,000, realized about $200,000. The Democrats of the Ninth congressional district of Indiana renominated Thomas B. Ward for congress on Thursday, August 21. Miss Emily Meredith Read, daughter of Gen. Meredith Read, ex-minister to Greece, was married at Newport yesterday to Francis Stout, of New York. Many prominent Americans and foreigners had been invited. The king and queen of Greece, and other titled Europeans, and President Arthur and cabinet sent their congratulations. The Democratic convention of the First congressional district of Texas yesterday renominated Charles Stewart, of Houston. The remains of the eminent war correspondent, McGahan, arrived at New York from Constantinopie Thursday morning. The manufacturing companies of Lowell will shut down the week commencing Sept. 1st, by reason of accumulation of goods and low prices. The Democrats of the Second Missouri congressional district nominated J. B. Hale for congress on last Thursday. Lieut. Greely has been invited to attend a meeting of the British association, of Montreal. The Democrats of the First congressional dis trict, of West Virginia, yesterday nominated John Brannon for congress and Milton F. Fram for district elector.


Article from The Salt Lake Herald, August 22, 1884

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MORE BANK PRESIDENT. Crookedness Feared About Warner as an Executor as Well as a Banker, With Poisoning Introduced. Albion, N. Y., 21.-In regard to the National bank it is ascertained that ted President A. S Warner depars from Albion last Wednesday, taking with him the combination the juner safe, and it is likely his of absence time. will continue for The condition of the some bank a cannot be ascertained until the therough examination is made safe opened. Great excilement and prevails, tors as it is feared the eposi will lose. It is learned that early of the in 1879 Roswell Burrows, New wealthiest men in one York, died, leav ng an wastern estate estimated The at $5,000,000 to $10,000,000. Wm. executors were his wife, R. Burrows, his son-in law and Alexander Stuartand A. S Warner, it is thought there has been considerable crookedness in the management of this estate on the part of Warner, and that & fear of ex,osure kim and prosecution caused to leave home. Warner, the 1879, has had al nost sole charge since of estate He has speculated stocks, and is eupposed to have lost in considerable some money in Wall Street in time ago. fforts were the court to Oust him as the made ecutor, effect and a legal decision to this exwas rendered Monday. Noth. ing is knownas to how much of the estate is left. Boston, 21.-A special to the Journal from Albion, N. Y., announced that R. S. Warner, of that Alb.on, had disappeared, which the National Bank, and of he is the president, was in The consequence obliged to suspend. announcement throws the first light'upon a monstrous plot that for weeks has baffled Bostons' district attorney. grand jury and her smartest detectives. The con spiracy has succeeded to this extent. William R. Burrows, one estate of the heirs to a $5,000,000 this living at 3813Bescon street, in city, was systematically poisoned until the diabolical work was discovered but just in time to prolong not to save his life. He is still alive, but It is living death clons were'expressed of poisoning and upon in investigation, arsenic was fou d his stomach. The patient seemed better, but on May 7th the bad symptoms returned, and from this time m it became evident the young in must die. The matter brought to the district attorney's was attention and laid before the jury, but insufficient evidence grand caused a postponement of the case from time to time. The sick man was taken in the latter and part later of May to 831 Beacon street, last to the Hotel Oxford. York. week he was removed to New and is The motive for the poisoning unknown. He is now suffer. ing from paralysis 80 that he and move but one muscle of one can the death only can relieve him. arm, By will of Burrough's father his estate a remains undivided for A. time. The executors S. Warner, of Albion, are Wm. R. Burrows, the son, Mre. Mary Elizabeth Stewart, of Albion the widow. Warner is practically in sole control of the est ite. William has been dissipate!, and has owing to bis physical condi ion done little more than dabble in business for a or made two past. In November, 1882, year he R. the acquaintance of William Caulkins, in Rochester. The following business year they entered iato with in this city. Burrows, his wife and two children. went to live with Caulkins and in November, M S. Burrows. with her children left her hu band. Burrows remained at


Article from Fort Worth Daily Gazette, August 22, 1884

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BANK SUSPENDED. ALBION, N. Y., Aug. 21.-Owing to the absence of the president the business of the First National bank of Albion is suspended by order of the board of directors until an examination can be had of its affairs. ROCHESTER. N. Y., Aug. 21.-It is ascertained that PresidentA.S. Warner departed from Albion last Wednesday, taking with him the combination of the inner safe, and it is likely that his absence will continue for some time. The condition of the bank cannot be ascertained till an examination is made and the safe is opened. Great excitement prevails and it is feared the depositors will lose heavily. It is learned that early in 1879 Roswell S. Burrows, one of the wealthiest men in Western New York, died, leaving an estate estimated at between five and ten millions His executors were his wife, his son, William R. Burrows, his son-in-law, Alexander Stuart, and A.S. Warner, and it is thought that there has been crookedness in the management of this estate on the part of Warner and that fear of an exposure and prosecution caused him to leave home. Warner since 1879 has had almost exclusive charge of the estates. He has speculated in stocks and he is supposed to have lost considerable money in Wall street some time ago. Efforts were made in the courts to oust him as executor, and a legal decision to this effect was rend red Monday. Nothing is known as to how much of the estate is left.


Article from Martinsburg Independent, August 23, 1884

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Another Bank Gone. ITS PRESIDENT AND KEYS, ALSO. ROCHESTER, N. Y., Aug. 21st.There is great excitement in the lower part of Orleans county, which adjoins this county, caused by the suspension to-day of the First National Bank of Albion, of the most important towns in this section of the State. Full particulars are not yet obtainable. On Wednesday last the president of the bank, A. S. Warner,a prominent citizen and a millionaire, denly left the town of Albion. He alone knew the secret of the combination of the inner safe of the bank. Of vital importance in this connection is, of course, the opening of the safe, mhich should contain the bulk of the securities and part of the cash of the bank. The affair is considerably complicated by the connection of the absconding president, Warner, with a very large estate as trustee. In 1879 Mr. Boswell S. Burrows, one of the wealtbiest men in northwestern New York, died, leaving an estate worth certainly $5,000000, and by some estimated at $10,000,000. Mr. Warner was appointed executor, together with the wife of Burrows; the son, Mr. Wm. R. Burrows, and the son-in law, Mr. Alexander Staurt. Since the very beginning almost the entire management.or the estate has been solely in Warner's charge, and it was finally determined to oust Warner as executor. Suit was entered for this purpose, and on Monday last it was pressed to a successful termination, The capital of the First National Bank is $100,000. When its last annual report wasmade ithad $20,000 surplus and $3,149 undi vided profits. The cashier is Mr. W. R. Burrows.


Article from The Daily Cairo Bulletin, August 23, 1884

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Forcing Open the Doors. ALBION, N. Y., August 22.-The work of forcing the doors off the inner safe of the suspended First National Bank is now progressing. But little hope is entertained that the securities will be found. One of the depositors has become insane. It is believed that Warner, the President, has completely gutted the Burrows estate, of which he was trustee, Ample proof of large speculations by him in Wall street have been discovered. A large amount of Warner's private paper is out.


Article from Richmond Dispatch, August 23, 1884

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ALBION-BANK TROUBLE. WARNERS CROOKEDNESS. Partientars of the Suspension of the Albica First National Bank. sterday we published a telegram anthe suspension of the First NaBank of Albion, N. Y., and the of the president, Mr. A. S. Warner. interest is given to this affair in that ighter of the late Roswell P. Burrows, of the heirs to his fortune, is a of Richmond, having married Mr. Warwick, of this city. The follow. pecial to the New York Times gives particulars: village of Albion was to-day thrown the wildest excitement over the notice which appeared upon of the First National Bank: Owing to the absence of the president business of this bank is suspended by of the Board of Directors until an nination can be had of its affairs." T. Coan, cashier of the suspended said that Mr. A.S. Warner, the presleft Albion for St. Catharines. Onon the evening train of August 13th. ressing his intention to proceed to New from that place. Since that time has been heard from him. Teleof inquiry have been sent. but no mation of his whereabouts has been The inner safe of the bank. to Mr. Warneralone held the combinahas remained closed, and this fact, with the suspicions excited by president's prolonged absence, eaused Coan to call a meeting of the directors, suspended business pending a full inof affairs. Mr. Coan expresses that the depositors will be paid in directors of the institution are AlS. Warner, president: R. T. Coan, Mrs. Boswell Burrows, and ClemThe Inst published statement, July 5tb, gave as resources, loans, discounts, $180,975: other resources, liabilities, deposits, and certifi$154.800; capital, $100,000; surplus undivided profits, $27,000. The Burestate held nearly all the stock, and appeared entirely in the control arner in his capacity of executor. Inshows that be has disposed of estate as follows: In a deed dated 26th. real estate to W. A. Parmety. decration. $2,500: to Alexander Titler, tochester. his residence for $5 and cerindebtedness. There are also two dated August 9th. to George A. for $1,450; 8 mortgage on the Alskating-rink and stables to secure a of $5,000 to H. H. Warner, of Rochesthe death of Roswell P. Burrows, in 1879, A. S. Warner has been the managing executor of the vast Burrows in value variously estimated at from to $10,000,000. The testator apfour executors-his wife. his son, Burrows, and his sons-in-law. AlexStewart and Mr. Warner. Owing to causes, including the death of Mr. and the total incapacity of W. R. Mr. Warner has had full charge estate. He hasnot been extravagant style of living, but it is rumored that operated in stocks, but with what has not been made known. He hes considerably interested in pohhas never held any public office. Warner held undisturbed possession Burr WS estate, and no attempt was to bring him to any account until last illiam R. Caulkins, hose name become somewhat familiar in this city count of his connection with several litigations, including & libel suit the Herald, was employed last winconfide tial business agent of William urrow*. Mr. Caulkins secured the serof Theodore Bacon. of this city, as and on the 29th of April Mr. Bapresented in the office of the Surrogate Irleans county a petition for a citation Warner to render an account of property. On the 9th of June an order granted directing Mr. arner to show on the 23d of the same, why he not render an account of his ardship. When the 28d came round did not appear, either in person or ounsel. and an order was made direct. him to file, on or before the 18th of an inventory of the estate and an of his transactions as executor. also directed to furnish Mr. Bacon a copy of this document on or before 15th. Mr. Bacon did not receive and on Monday the 18th, when he to Albion, he found that Warner filed acount or inventory, and that be had in the village for several days. Surrogate immediately made an order Warner's letters testamentary and


Article from The Dallas Daily Herald, August 23, 1884

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iner has been sent here by the Comptroller of the currency. He proceeded immediately to the bank and took charge. William Corkhill and Asa B. Morcross, experts sent by Sargent and Greenleaf to open the vault, are drilling the door. Lorenza Burrows, jr., and Judge Burrows, of Buffalo, left Albion for New York last night. The correspondents of the suspended bank in Rochester were also correspondents of the Merchants' bank. of Monroe. When the Orleans National bank opened its doors this morning a small number of depositors drew but a small amount of cash each, and E. Kirk Hart, President, said the bank was ready to pay all dues. The Virginia coal mine belonging to the Burrows estate never paid a dividend. E. K. Hart said he thought the First National would lose a very small amount, if any. The vault of the First National bank will probably not be open for three or four days. Bank Examiner Williams is positive that depositors will all be paid in full. Cashier Coan is also of the same opinion. Williams states that no authoritative list of depositors will be given out until he knows where the bank stands. County Treasurer Wall has about $20,000 in county and trust funds in the First National bank. Williams will remain until the investigation is completed.


Article from The Indianapolis Journal, August 26, 1884

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The Albion Bank Vault Empty. ROCHESTER, N. Y., Aug. 25.-The inner safe of the First National Bank of Albion has been forced. Although those present at the opening made no authoritative statement, it is generally understood that nothing of value was found. Mrs. Eliza Glennhas begun action against Louise C. and William R. Burrows, each individually, as surviving executors of the will of Roswell Burrows, deceased, upon a note for $2,750 given by Warner as executor of the estate, and asks for 1 receiver pending the determination of this aclion. Bank Examiner Williams refuses to enighten the depositors as to the condition of affairs.


Article from Seattle Daily Post-Intelligencer, August 26, 1884

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Nothing In 11. ROCHESTER, Aug. 25.-The inner safe of the First National Bank of Albion was foreed open. Although those present at the opening made no authoritative statement, it is generally understood that nothing of any value was found. Mrs. Eliza Glenn began an action against Louise C. and Willliam R. Burrows, each individually as surviving executors of the will of Roswell Burrows, deceased, on a note for $2750, given by Warner as executor of the estate, and asks for & receiver pending the determination of the action of the bank examiner.


Article from Daily Republican, August 26, 1884

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The Safe Opened. The safe of the First National Bank of Albion, New York, was opened on Monday, but the Examiner refused to reveal its contents. Suit was begun for the appointment of a receiver. An Albion special to a New York paper says it has been discovered that $60,000 in bonds of the First National Bank of Richmond, Virginia, have been disposed of by Warner, the missing President of the bank, for his private use. A later despatch says it is understood that nothing of any value was found in the bank vault when it was opened. The outlook for the depositors is now regarded as gloomy, and all there appears to be left of the great Burrows estate is some land in the West and South, the value of which is indefinite and can hardly be estimated." The Rochester Union and Advertiser publishes a schedule of the Burrows estate at Albion, New York, as it existed in 1879, when Burrows died. The schedule shows that the property was worth $1,750,000 at a low estimate of the real estate. This is the estate of which Warner, the missing President of the First National Bank of Albion, was executor.


Article from The Dallas Daily Herald, August 26, 1884

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The Burrows Estate. ROCHESTER, Aug. 25.-A schedule of the Burrows estate at Albion, as it existed in 1879, the date of Burrows' death, shows an estate of $175,000,000. The safe of the bank was opened to-day. Examiner Williams refused to reveal its contents. Eliza Glenn commenced action in the Supreme Court for the appointment of a receiver of the First National bank. The inner safe of the First National bank of Albion has been forced. Although those present at the opening made no authoritative statement, it is generally understood that nothing of any value was found. Bank Examiner Williams refused to enlighten depositors as to the condition of affairs.


Article from The Evening Critic, August 27, 1884

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Criminal Proceedings to be Begins Against A. S. Warner. Judge Burrows, of Buffalo, has issued instructions to the district attorney to begin criminal proceedings against Albert S. Warner, the missing president of the First Na. tional Bank of Albion, N. Y. Mr. John S. Langworthy, Deputy Comptroller of the Currency, has appointed Henry J. Auderson receiver of the sus spended bank. It is stated on good authority at Albion that Warner has 18sued notes of the Burrows estate to an amount exceeding the value of the estate. It is now thought that the depositors will realize nothing. County funds to an amount not divolged were on deposit in the bank. A warrant has been issued for the arrest of Warner, who is thought to be in Canada.


Article from Savannah Morning News, August 27, 1884

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BUSINESS COMPLICATIONS. Warner's Rascalities in the Burrows Estate Management. ROCHESTER, N. Y., Aug. 26.-It is stated on good authority at Albion that Warner has issued notes on the Burrows estate to an amount exceeding the value of the estate. It is now thought that depositors in the bank will realize nothing. County funds to an amount not divulged were on deposit in the bank. A. warrant has been issued for the arrest of Warner, who is thought to be in Canada. CRIMINAL PROCEEDINGS BEGUN. BOSTON, Aug. 26.-A special dispatch from Albion, N. Y., says: "W. R. Caulkins, of Boston, partner of W. R. Burrows, in the medicine business, IS here to-day for the purpose. as he states, of securing a warrant for the arrest of Albert S. Warner, the missing President of the First National Bank. District Attorney Knapp says that papers have been placed in his hands by Judge Burrows, of Buffalo, on which he will begin criminal proceedings against Warner. These are the first steps of this nature taken in the case." A RECEIVER FOR ALBION'S BANK. WASHINGTON, Aug. 26.-The Comptroller of the Currency has appointed H. J. Anderson receiver of the First National Bank at Albion, N. Y., wrecked by its President, Warner. JUDGMENT CONFESSED. JAMESTOWN, DAKOTA, Aug. 26.-R. E. Wallace, President of the First National Bank of this city, has made a confession of judgment to his brother, Charles S. Wallace, of Newcastle, Pa., in the sum of $80,000, and the bank has suspended business. It is understood that depositors will be protected by securities.


Article from Daily Republican, August 27, 1884

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Business Troubles. The Deputy Comptroller of the Currency ou Tuesday appointed Henry J. Anderson receiver of the First National Bank of Albion, New York. It is said in Albion that Warner has issued notes of the Burrows' estate to an amount exceeding the value of the real estate. The depositors, it is now believed, will get nothing. County funds were deposited in the bank, but the amount is not known. A warrant has been issued for the arrest of Warner, who is supposed to have fled to Canada. Theschedules in the assignments of the lumber firm of Bliss & Elliott, of Minneapolis, show the liabilities to be $189,500 ; the assets $132,500. R. E. Wallace, President of the First National Bank of Jamestown, Dakota, has confessed judgment to his brother, Charles S. Wallace, of New Castle, Penna., in the sum of $80,000, and the bank has suspended. It is thought the depositors will be protected by the securities."


Article from The Sun, August 28, 1884

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Deane, a New York lawyer, were filed. They. show liabilities of $228,229; nominal assets of $3,298,013; actual assets, $182,240. The sixteenth annual reunion of the Society of the Army of the Cumberland, of which Lieut Gen. Sheridan is president, will be held at Rochester, N. Y. Sept, 17 and 18 (Chiekshauga week). Gov. Knott of Kentucky has pardoned James Cunningham and Owen Bradley, the prisoners who rendered valuable assistance to the officers during the escape of prisoners last week. Cunningham was in for life for killing the seducer of his sister; Bradley for horse stealing, term to expire October next. The private banking house of Northrop & Co., at Platteville, Wis., closed its doors, just why is impossible to ascertain. For some time the bank has been unable to cash foreign exchange for want of currency. Their deposits will not exceed $10,000. George W. Eastman, the silent partner, has assured the creditors that they shall have every dollar due them in a short time. The United States steamer Powhattan arrived at New York from a three years' cruise. On her deck lay a box containing the remains of the famous war correspondent, Janaurius Aloysius MacGahan, who died in Constantinople in 1878. It had afterward been transferred to Lisbon by the United States steamship Quinnebang, and then the Powhattan brought it to New York. The American Bar Association in session at Saratoga, elected the following officers: President, John W. Stevenson of Kentucky; secretary, Edward Otis Hinckley of Baltimore; treasurer, Francis Rowle of Pennsylvania; executive committee, L P. Poland, Vermont; Simon E. Baldwin, Connecticut; William Allen Butler, New York. The secretary and treasurer are ex-officio members of the committee. A vice president and local council of four were elected for each state belonging to the association. Owing to the absence of the president, the business of the First National bank of Albion, N. Y., is suspended by order of the board of directors until an examination can be had of its affairs. The president, A. S. Warner, de-' parted from Albion, last Wednesday, taking with him the combination for the inner safe, and it is likely his absence will continue for some time. The condition of the bank can't be ascertained till an examination is made and the safe opened. Great excitement prevails in ihe village, and it is feared depositors will lose heavily.


Article from The Daily Cairo Bulletin, August 28, 1884

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Appointed Receiver. WASHINGTON, D. C., August 27 --John S. Langworth, deputy Comptroller of the Currency, has appointed Henry J. Anderson receiver of the First National Bank of Albion, N. Y.


Article from The Kenosha Telegraph, August 29, 1884

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responding period of 1883, the clearings showed a decrease of 24.7 per cent. ON the 25th Secretary Folger called in $10,000,000 in three per cent. bonds. The East. ON the 21st reports received in Boston from 325 points in New England indicated that the hay crop this year would be about thirty per cent. less than it was a year ago. THE President of the Irish National League of America, Patrick Egan, de clines to receive the $3,000 salary attached to that office, preferring to give his serv ices the cause gratuitously. A.X. PARKER has been renominated for Congressman by the Republicans of the Nineteenth New York District. MANUFACTURING companies at Lowell Mass., have decided to shut down for a week, commencing September 1, by reason of the accumulazion of goods and low prices. THE officers of the Greely relief expedi tion were received by President Arthur at the Fifth Avenue Hotel, New York, or the 21st. Secretaries Chandler and Lincoln and General Butler were present. LIZZIE WATSON, a young girl, was brutally assaulted and then choked to death while returning to her home from market at Yorkton, Salem County, N. J. a few evenings ago. Three colored mer had been arrested on suspicion. THE Sprague Manufacturing Company's property at Augusta, Me., which fifteer years ago cost $2,000,000, was sold a fev days ago at auction for about $200,000. ON the 21st the directors of the Firs National Bank of Albion, N. Y., were forced to suspend business, owing to the continued mysterious absence of the Presi dent, Albert S. Warner. The deposits ag gregated $154,000. WHILE tunneling recently in a mine a Shamokin, Pa., seven men and elever mules were killed by the fumes of gas. A COLLISION between two freight trair recently in the yard of the Pennsylvani Railroad at Columbia destroyed four car filled with sheep and hogs. The wrecl caught fire and upwards of eight hundred animals were killed. THE Executive Committee of the Na tional Labor party met in New York City on the 22d, and the Committee on Legisla tion reported that the principles desire by the National Labor party had been in corporated in both the Republican an Democratic platforms, and they recom mended co-operation in each and every Legislative district with one of the regu lar parties for the election of men pledge to legislate in the interests of working classes. THE recent burning of a temporary stag ing used by the carvers in Cedar Hil Cemetery, at Hartford, Conn., ruined th elaberate Italian marble column at th grave of the late Govern Edwin D. Mor gan, of New York. SEVERAL houses were struck by light ning in Lansingburg, N. Y., during a hail storm the other afternoon. At Greenbusl lightning struck the house of Clark Lape and Miss Ida Lee, one of the inmates, wa badly burned. The house of John Matti son, at Cambridge, was struck, Sarah Al len killed, and a daughter of Mattison fatal ly injured. A FEW evenings ago the United State steamship Tallapoosa, with one hundre and forty officers and men, was sunk o Martha's Vineyard, by collision with tb schooner James S. Lowell. The lives of a but four persons were saved by other ves sels. The Tallapoosa was on her way t Newport to take Secretary Chandler o board. MANY cattle were killed during a recer thunder storm at Dover, N. H., and mile of telegraph and telephone wires wer torn down. Considerable damage wa also done to the crops in the Connecticu Valley. AT the session of the American Bar A sociation at Saratoga Springs on the 22 John W. Stevenson, of Kentucky, wa elected President, and Edward Otis Hinl ley, of Baltimore, Secretary. I ON the 22d Examiner Williams too charge of the First National Bank of A bion, N. Y. It was learned that Alber S. Warner, the absconding President, ha been speculating in stocks for the past fiv years. CLARK W, SANDERS, inspired by insan jealousy, a few ago entered the store ( Daniel Carr, at Montpelier, Vt., and sho him dead. When the murderer was take in charge he expressed no regret, and sai he was prepared to atone for his crime o the gallows. ON the New York & New England Rai road a train was thrown off the trac near Quinebaug, Conn., a few days ag One smoker and a passenger car fe down an embankment a distance of twent feet. Many persons were seriously i jured. AT Emsworth, Pa., ten miles from Pitt burgh, a well bored for gas was on tl 24th flowing oil and salt water, and B tracted hundreds of visitors. WHILE laboring under delirium tremer the other day Fennimore Clayton, of Coo erstown, N. Y., shot and killed his on son, aged two years. ON the 24th Captain Pratt, Superi tendent of the Indian training schol a Carlisle, Pa., returned from New Mexic bringing seventy-seven young Indians . the Pueblo tribe, ranging in age from nir to twenty years. The next term of tl school will open with four hundred pupil ALL the bodies, seven in number, ha on the 24th been recovered from the burr ing coal mine at Buck Ridge, Pa. AT Pittsburg Po. texas welking


Article from Richmond Dispatch, August 29, 1884

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CITY AND SUBURBAN. THE GREAT BURROWS ESTATE. Some Particulars Concerning the Property Here and in the State of New York. Mr. John B. Lightfoot, Jr., the manager of the coal property in Virginia belonging to the Burrows estate, returned here yesterday from Albion, N. Y., to which place be was on his way when he saw in the Dispatch the first announcement of Warner's defalcation and flight. He had just before that time received instructions not to recognize Warner's orders as executor, and supposed that there was some trouble, but of its nature he had no inkling until he started for Albion. Mr. Lightfoot was away from here a week, and is about as well-posted as anybody concerning the affairs of the estate generally. He thinks that the personal property now secure, with some which has been traced from Warner's hands and will probably be recovered. will pay off all the debts of the estate and leave something over. The estate, besides bonds. stocks, &c., owns in unfneumbered real estate the Burrows homestead in Albion (a handsome and valuable piece of property), two other residences. and a block of business buildlines (in one of which the bank 18 located) in the same place, and 25,000 acres of land in Iowa (said to be worth $10 per aere), and the Midlothian coal property, in Chesterfield (1,900 acres). This last, though not now productive, is regarded as worth a good deal of money. The whole property was devised so that only upon the death of Mrs. Burrows can the estate be distributed. It is then to go into four parts. Warner, who was the president of the First National Bank of Albion and managing executor of the estate, is a good. looking and prepossessing man of thirtynine, and in his visits in Richmond, which have been quite frequent, has often been taken for Major John W. Daniel. He is now believed to be in Canada, and a warrant has been issued for his arrest. He carried away with him the secret of the combination lock of the vaule in which the valuable papers of the estate were supposed to be kept. and it was only after several days' work that an entrance could be effeeted. Mr. Lightfoot knows what the search in the vault revealed. but is instructed by the United States Bank-Exami. ner not to make any disclosures until the Examiner publishes his report. Young William R. Burrows. who was poisoned in Boston-by whom is not known-is now at his mother's home, in Aibion, and IS getting better. The effect of the poisoning was to paralyze his legs and hands, but in the week past there have been marked improvements in his condition and his complete recovery is hoped for. The Receiver in Charge of the Bank - An Unfounded Rumor. (Special telegram to the Dispatch.) ALBION, N. Y., August 28.-The name of Warner is still on the lips of all, but the intensity of the excitement has subsided. Receiver Anderson arrived from Scranton last evening and assumed charge of the bank this morning. He will say nothing until be investigates the condition of affairs. United States Bank-Examiner Williams told your correspondent that he had completed his report to the Comptroller of Currency, and it would be in the latter's hands this (Thursday) evening. Mr. Williams said: 1 don't think that report will be made public by the Comptroller, and I cannot tell you what is in it. for I am bound to secrecy as a United States official, and you will have news enough without that. The rumor that the Burrows heirs had Alexander Stewart's body exhumed to search for evidences of poison by Warner is baseless.


Article from Huntsville Gazette, August 30, 1884

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GONE TO JOIN ENO. First National Bank President of Albion, Warner N. of Y., the Takes the Burrows Refuge Es- in Canada Which After Despoiling He Was Managing Closed in Execu- Con. tate, of Doors of the Bank the Cause. sequence-Stoc tor-The Stock ALBION, Gambling N.Y., August of 22. the suspension First Excitement National over Bank hopeful the runs as high, to the Cashier result Coon is not very of the inner safe when the examination safe should contain it is all the bank's securities, Warner has of blown that open. President This but how- it not is suspected them intact. Mr. Coon the says, ever, that in with interest. be paid in full on deposit $150,000 left on were left will over Warner any event depositors July saying There 1st. the President the 18th inst., and evening of to St. Catharines, is believed he was going York City. It the he is still in transferred that month he has will be claimed that past thence to New it Canada. During of all actual the his property, but void for want has lately assignments are Mr. Warner on which consideration. fine roller rink, favor of $5,000 a mortgage The deeds is a of Rochester. placed on completed there H. Warner, not in War- rec- and H. mortgages after were his departure. here, and, ord until and child are provided as known, is for so by him. His his ner's far wife with absence unsatisfactory not estate. generally man- Al- it connected of the Burrows were appointed, to agement five executors that Warner, owing affairs. The though became his business necessary qualifications, of should ten estate have filed milgeneral charge at from eight to ever was estimated inventory was will be lions, and as no made, it Warner's or complete before records the result of as most some time can be the management held known, by the estate. Uni- of Lorenzo old and the bank Burrows, stock IS President feeble of and man, it an the executors, been disis one of that he has long is no secret way in no versity, satisfied with the affairs, which but Warner at- to administering to bring Warner tempt was was made recently, when Burrows, through until millionaire, held R. Calkins, obtained an to of court requiring fill an W. son account power of the attorney, deceased of Boston, who him inventory. order show his from cause the why he should attention not to this, the and in- an Warner paid no issued requiring 18th. As order ventory was to then be filed to appear on the on authority that day, as Warner failed revoked his a mild the executor, Surrogate and became whathad a certainty. by before those be who There n a knew is doubt that he has money in Wall overdrawn his Warner's no suspicion habits, entertained street. sunk Rumors great The ac. deal he of had heavily unfounded. very that are pronounced been considered for has a favorite as well as count solid, bank and and always was laboring men, is depository a young man farmers Warner having business and he was of fine appearance, firms. personal friends, capable. while not As looked a boy upon as favorite numerous and the deceased he was a Burrows, honorable great who with rapidly one of promoted the exof banker, him, ecutors and of finally worth his immense $10,000 made him estate, a year. the a property, position He has, sole much to his caring an engineered probably as s almost the family its affairs manager apparently demanding not account own aga of his lay Mr. liking, offend stewardship. him by at A the few point months of death CalBoston, Mr. during to that a kins, at to young the the Burrows this at action residence period soon requirean that transpired of and accounting it Calkins Calkins was began Warner. It made against by Warwho were with and the to poison was and conspiracy ner from his wife, had relatives been of accused Burrows the brought invalid a The matter found systematic arsenic. attempt who no by with Grand Jury, removed before and friends to home in to revoke his bill. Young mother's the Burrows a hotel, was this subsequently village, the afpower of attorney LATER. was to ter his having been induced given to Calkins. opened The safe at Warner's and house in it light were on found his yesterday afternoon, which throw has used all some papers It appears he securities bereal was the Burrows estate he could benefit. that transaction longing to The available The estate estimated of the has for thousand amount his not dis made own of pose away with securities of. is several half he hundred a million. been discov- From accounts, has been the that ne assumed began ered, his dollars, possibly he it has gambemanagement He in stocks imme- to an dol- to ever diately of the since estate to several buy in and 1879. hundred sell estate stocks thousand seems the amount monthly. of The of real the property. stock of lars be all that 18 left 000 of capital belongs to the Of the $100, of $90,000 looks as if Warner that he bank, upward estate. squandered It that all belongBurrows absolutely of, not only had been put in in his his integrity. could has ing to get hands the estate, hold by others but all who that had confidence MARCH


Article from The Mineral Argus, September 4, 1884

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ficers during the escape of prisoners last week. Cunningham was in for life for killing the seducer of his sister; Bradley for horse stealing, term to expire October next. The private banking house of Northrop & Co., at Platteville, Wis., closed its doors, just why is impossible to ascertain. For some time the bank has been unable to cash foreign exchange for want of currency. Their deposits will not exceed $10,000. George W. Eastman, the silent partner, has assured the creditors that they shall have every dollar due them in a short time. The United States steamer Powhattan arrived at New York from a three years' cruise. On her deck lay a box containing the remains of the famous war correspondent, Janaurius Aloysius MacGahan, who died in Constantinople in 1878. It had afterward been transferred to Lisbon by the United States steamship Quinnebang, and then the Powhattan brought it to New York. The American Bar Association in session at Saratoga, elected the following officers: President, John W. Stevenson of Kentucky; secretary, Edward Otis Hinckley of Baltimore; treasurer, Francis Rowle of Pennsylvania; executive committee, L. P. Poland, Vermont; Simon E. Baldwin, Connecticut; William Allen Butler, New York. The secretary and treasurer are ex-officio members of the committee. A vice president and local council of four were elected for each state belonging to the association. Owing to the absence of the president, the business of the First National bank of Albion, N. Y., is suspended by order of the board of directors until an examination can be had of its affairs. The president, A. S. Warner, departed from Albion, last Wednesday, taking with him the combination for the inner safe, and it is likely his absence will continue for some time. The condition of the bank can't be ascertained till an examination is made and the safe opened. Great excitement prevails in ihe village, and it is feared depositors will lose heavily.


Article from Savannah Morning News, January 9, 1885

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MERCANTILE COMPLICATIONS. The Limits to which Stock Brokers Can go to be Tested. NEW YORK, Jan. 8.-Henry J. Andrews, receiver of the First National Ba nk of Albion, N. Y., has begun suits in the United States Circuit Court against Kessam, Whitney & Co., bankers and brokers, for $250,000, and that firm's predecessors, Chase & Allins, for $50,000. It was through these firms that Albert S. Warner, the defaulting President and Cashier of the bank, speculated. The suits are brought to test the question of how far stock brokers can use the funds of national banks through or by its Cashier or President in speculation without being personally liable to such banks and their stockholders. WHOLESALE GROCERS SUSPEND. NORFOLK, Jan. 8.-E. T. Powell, Son & Co., wholesale grocers, have suspended. They were estimated to be worth from $10,000 to $15,000. TO PAY IN FULL. NEW YORK, Jan. 8.-Opdyke & Co. announce that owing to favorable arrangements in regard to real estate. and to the aid of frlends, they expect to pay in full. A dividend of 75 per cent., or more, will be paid by the assignee this month, and the remainder soon afterward. RUINED BY THE SHIPPING TRADE'S DULLNESS. LIVERPOOL, Jan. 8.-John S. Newfall & Co. have failed, owing to the depression in the shipping trade. They have incurred heavy losses on produce, especially wheat and rye.