16674. Union Square Bank (New York, NY)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: December 12, 1871
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 7f5ad3c3

Response Measures

Full suspension, Books examined

Other: Receiver appointed and later paid dividends; final settlement of depositors in June 1872.

Description

Depositors made heavy withdrawals in mid-December 1871 (paid out ~$300,000 in days), then the bank was placed in the hands of a receiver (Dec 13–14, 1871). Cause traced to redeemers/clearing-house agents (Shoe & Leather / Butchers & Drovers) refusing to redeem after Ocean Bank affair (correspondent/agent withdrawal). The bank did not resume normal operations; receiver liquidated assets and paid a 50% dividend and final settlement to depositors by June 15, 1872.

Events (4)

1. December 12, 1871 Run

Cause: Correspondent
Cause Details: Redeemers/clearing-house agents (Shoe & Leather Bank / Butchers & Drovers' Bank) refused to continue accommodating Union Square after the Ocean Bank affair, prompting heavy withdrawals.
Measures: Officers prepared an assets/liabilities statement; subsequently receiver appointed.
Newspaper Excerpt: Why, sir, in the last three days we have paid out over our counters to depositors over $300,000.
Source: newspapers

2. December 14, 1871 Receivership

Newspaper Excerpt: The directors and the receiver were busy all day examining the books... a receiver was appointed (B. F. Beekman / Albert Mann referenced elsewhere).
Source: newspapers

3. December 14, 1871 Suspension

Cause: Correspondent
Cause Details: Immediate trigger was withdrawal of accommodation/agency by Shoe & Leather / Butchers & Drovers' Bank amid fears after Ocean Bank revelations.
Newspaper Excerpt: Late this afternoon the Union Square Bank was placed in the hands of a receiver.
Source: newspapers

4. June 15, 1872 Other

Newspaper Excerpt: B. F. Beekman, receiver of the Union Square Bank, will make a final payment to the depositors of the institution on or before June 15, settling their claims in full.
Source: newspapers

Newspaper Articles (18)

1. December 13, 1871 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, December 13, 1871

Click image to open full size in new tab

Article Text

NEW YORK. VARIOUS MATTERS. NEW YORK, Dee. 12.-It is rumored that the Union Square Bank has suspended. John Hartley and Frederick Salle, merchants three this city, were arrested with nearly which of thousand yards of silk in their possession, they smuggled from Canada into Michigan. W. The failures of the cotton firms of P. Wright & Co. of Leaycroft, consequent upon the lock-up of money are announced. It is stated that both Tweed and Cornelius directCarson, both members of the Ring, were of the Ocean Bank, which has materially bank injured ors its credit of late. Callender, the and examiner states that its assets are ample Davis is that it will pay its liabilities. S. G. receiver. deputation of internationals waited relation on the Police A Commissioners this forenoon in was no to parade next Sunday, but as there evequorum, a an answer was deferred till this ning. Garroters commenced their winter campaign and in Brooklyn last night, nearly murdering robbing a citizen. TRIAL OF COUNTERFRITERS. In the trial of Miner, the counterfeiter, counter- toCole swore to numerous sales of which, day, feit money made to him by miner,one of 10's, in June last, was of $24,000 in counterfeit sale which Cole gave Miner $1900. The Miner's took for place in Miner's house, where wife lay dead. TAMMANY ABROAD. The Times prints a letter from W. E. Dodge, abroad who is in Europe, giving the impression that the regarding American affairs. He says here, Tammany "ring" is as notorious there as punishif Tweed and his associates escape much of ment and our form of government will lose have causits abroad. The Erie scandals Ameripower loss of many millions in investing to reed can a securities, and he urges New Yorkers claim their city from disgrace. THE BUSY PETER B. The present management of the department recof public parks have discovered from the which ords that in the eighteen months during ComPeter B. Sweeney was President of the mission, $6,000,000 were squandered, being parks a million in excess of the total expended on during the thirteen years of the administration of Col. Stebbins. It is rumored that Sweeney is preparing be to leave the city and detectives are said to closely watching his movements. COTTON FAILURES. Another cotton failure, that of Schaefer & & is reported, amount unknown. Wright are Co., Co. place their liabilities at $39,000, and to settle at 50 per cent. The failures while are owing ready to the sudden advance in the price, dealers are hampered with contracts. The ruaffects the solvency of other firms, but as the staple was declining at the close to-day it in is hoped the worst is over. The appreciation under a value is owing to a rise in Liverpool scant supply and fears of a short crop. RUMORS DENIED. The rumor of the suspension of Union Square Bank is unfounded. The officers deny any em- fact barrassment. The report originated in of clearances made through the Ocean Bank.The officers of the latter bank deny that Tweed is one of the directors. The clearing house statement shows liabilities on last Saturday to be $2,258,900. The proper legal reserve is $564, 725, against which the bank held only $330,000 legal tenders. THE PARADE OF THE INTERNATIONALS. It is generally believed that the police commissioners adhere to their former decision regarding the internationalists parade, and that the Governor refuse to interfere. ATTEMPT TO ROB A BANK. There was a daring unsuccessful attempt to rob the Ferry street Savings's Bank this forenoon by the noted Dutch Henrichs and Alex Mason. The latter is of Baltimore. The thieves escaped. SMALL POX. There have been 62 new cases of small pox since Saturday and 7 deaths. MORE ABOUT THE SUNDAY PARADE. The committee of internationalists waited on the police commissioners this afternoon to ask permission to parade on next Sunday in honor of Rossel. Mayor Hall, by virtue of his office, a member of the board, was not present, but communication saying internationalists at a sent glad a to meet the that he meeting. would en- be This suggestion the committee declined to tertain. The commissioners refused permission for the demonstration without giving any explanation. A committee of internationists leave for Albany to-night to wait on Gov. Hoffman. AS BAD AS TAMMANY. At the Rdpublican primary to-night in the 3d Assembly district, two of Foley's men attempted to vote in the names of two colored men. Being challenged they insisted on depositing the vote and two lines of voters were formed and blows exchanged. A number of the 10th werd men rushed in with the intention of breaking up the election and the police cleared the hall and carried ofi the boxes to headquarters. IRREGULAR LAWYERS. The bar association to-night appointed a committee to prefer charges in the Supreme Court against Morgan and Hannahan, attorneys, for irregular conduct in the Superior Court. NEBRASKA. A TERRIBLE AFFAIR-SEVENTEEN PERSONS FROZEN TO DEATH. ST. LOUIS, Dec. 12.-A gentleman who arrived in Kansas City on Saturday informed the Times that on the Sunday previous a terrible affair occurred in Saline county, Nebraska. A of emigrants were passing through the when the they concluded to camp. were creasing, county party westward cold constantly They inon-a piece of high prairie, several miles from any house, but three miles from them was of timber land. After unhitching their the men started to procure piece teams fuel. Not left the refor several hours the women and started to hunt up. children turning them who The next day the bodies of seventeen persons perished from the intense cold were found. The children left in the wagons were the only survivors.

2. December 14, 1871 The New York Herald New York, NY

Article from The New York Herald, December 14, 1871

Click image to open full size in new tab

Article Text

the tariff so expensive that we preferred to clear through other sources so as not to impair our capatal. Why, sir, in the last three days we have paid out over our counters to depositors over $300,000. ON A LINE OF HALP MILLION deposits. We paid out to-day $55,000, and were still paving dollar for dollar, and could have kept 16 up nad not the Comptroller to our utter astonishment, stepped in, and we had to stop. The promptness with which we have mei every demand shows how carefully the bank has been managed, and question If (any other bank in the city could PAY OUT $300,000 IN THREE DAYS. As have already said. the Shoe and Leather Bank caused our difficulty. They have not yet notified us of their breach of the contract. but they nolided other banks. If they had acted with any decency we would have paid every dollar. Customers of other banks who have to-day deposit ted checks with their respective banks can legally hold the latter for credit to the amount of such checks, and the banks so liable can hold the Shoe and Leather Bank to re. deem them. No bank can discontinue an agency without giving twenty-four hours' notice. THE DIRECTORS OF THE UNION SQUARE BANK are Thomas B. Read. Simon Shether, J. R. Whiting, Theodore Moss, G. L. Beeckman, Henry Beeckman J. D. Bird, Thomas H. Banker, J. R. Cecil and M. Bixby. They hope by this afternoon to have statement of their assets and liabilities ready for the press, but they have no intention of resuming business. The Eighth National Suspends Payment-A Receiver Appointed-What the Officers Say. The Eighth National Bank suspended payment yesterday, and the fact created no small amount of excitement among depositors and others who had an interest in the bank. It was generally suspected that once the suspension had become brutted about a "run" on the institution would be the natural resuit, but such did not turn out to be the case. A HERALD reporter paid a visit to the bank during the atternoon, just as the directors were holding a meeting. Everything seemed to be in confusion. and the excitement among the clerks was really amusing, although every one of them did his best to appear calm and collected. The reporter expected to find a crowd of people at the doors clamoring for their money, but there were not a half-dozen persons in the vestibule, and not one of them was a depositor. The President (Mr. Union Adams) appeared to be very downcast over the event, and had little to say, and referred all inquiries to the Cashier, Mr. Hudson. The latter the HERALD reporter encountered after the meeting o! the directors. "You have suspended payment, I understand said the reporter. "We have," said Mr. Hudson; "and I am very sorry for it." "What is the cause?" "Well, when you talk about cause, I don't exactly. know what to say; for we are as strong and as sound to-day as we ever were. We were taken surprise, and there was no help for it." "How ?" Why, in this way. Everything was going on smoothly when THE NOTICE WAS SERVED are upon us without a moment's warning. What we to do ?" What notice ?" A notice from the Butchers and Drovers' Bank telling us that they could not accommodate us after date.' "Had the Clearing House anything to do with it?" Nothing, for the reason that the Butchers and Drovers' redeemed for us: so we had no direct connection with the Clearing House.' Why did your redeemers' act in this way 911 "Well, dare say they got fearf that there was to be a general crash all round, or something of that kind. You see the Ocean Bank affair gave them a scare, and they came to the conclusion, under all the circumstances, that the best thing they could would be to look out for themselves and not take responsibilities for any other bank. "Was there no other cause for their action 999 "None that I know of. We are as sound to-day as we ever were. Everything will be right in few days, but of course there will be a great deal of delay." "WILL DEPOSITORS SUFFER AT ALL?" "Not to the extent of solitary cent.' "What is the bank's indebtedness to depositors?" "I couldn't give you the exact statement. That will be given 11 a few days, but it 18 but a little over three hundred thousand dollars.' "And what are your assets "They are quite sufficient to meet all require ments. No de positor has anything to lear.' "Has a receiver been appointed "Yes: Mr. Aibert Mann. He was formerly connected with the Treasury Department in Washington. What was the last statement of the bank pro "On Saturdav the statement made showed the followin -Legal tenders, $155.90 Liabilities-Deposits, $354,400; circulation, $250,000 $584,400." This ended the conversation with Mr. Hudson, and the reporter at once wended mis way to the Butchers and Drovers' Bank. There be found very little satisfaction for his journey. One of the officials simply stated:- In view of the discrust and GENERAL UNEASINESS IN COMMERCIAL CIRCLES caused by the Ocean Bank affair, we deemed it best to refuse further to accommodate the Eighth National." "in other words, you were anxious to paddle your own canoe through the impending storm?' "Exactly Learning that the Police Commissioners had LARGE DEPOSIT with the Eighth National, the reporter called at Police Headquarters to find out whether they relt anywise anxious. Mr. Nanierre was the only Commissioner get-acable Have the Commissioners a large deposit in the bank P" was the reporter's question, after he had informed the Commissioner that he had neard the bank had suspended payment. of "They have not," said Mr. Manierre. "Most their money 19 at the Tenth National. The banks where we are to draw against warrants of the Comptroller are designated by the Comptroller and as we draw checks against the exact amounts put to our credit, and as. owing to the recent troubles in the Comptroller's department, we have not had much to draw against, we have not much in the Eighth National." "What is the amount?" "If is very small. I can't state the exact figures." "What is your opinion of the bank p" Mr. "We have always considered it good. Adams, the President, is a man in whom everybody has confidence; 80 are the cashier and the other officers. "The bank officers say the Butchers and Drovers' sprung the whole trouble on them." "So It would seem. understand they were in such a hurry about it that one of the officials of the Butchers and Drovers' Bauk took a carriage at three o'clock this morning and drove way up to Yonkers to Mr. Adams' residence to serve the notice on him.' Thus matters stand with the bank. In a day or two the receiver will make his report. To the Depositors of the Ocean National Bank. A committee of the depositors of the above bank give notice that a preliminary meeting of the depositors will be heid at twelve o'clock M. to-day (Thursday), at the office of Messrs. Lockwood & Everett, 51 Murray street, for the purpose of mutual consultation and protection. The grave runors respecting the management of the bank, and the fact that the present receiver. Mr. Davis, is an attorney of the bank and a creditor to the amount of $5,000, and therefore is an undit pershould

3. December 14, 1871 The New York Herald New York, NY

Click image to open full size in new tab

Article Text

The Rottenness of National Banks Demonstrated. Great Excitement in Financial Circles-Fears of a General Panic-Business Men Alarmed and Cautious. TWO MORE BANKS SUSPENDED. Condition of the Ocean, Eighth National and Union Square Banks-The Comptroller of the Currency at Work-Suspicious Action of the United States Officers. Following close upon the recent panic among the depositors of several savings banks comes the collapse of three national banks and an excitement well calculated to alarm business men generally. THE VERY QUESTIONABLE RELATIONS existing between Mr. Collender, the United States Examiner, and the Ocean Bank, and the suspicion that other banks may have made loans of large amounts to him upon insufficient security, such as the stock of the Portage Canal Company IS represented to be, has added to the excitement to such an extent that grave fears are entertained in business circles that we are on the eve of a financial panic likely to assume much greater proportions, and work serious disasters to the trade of the city and country. The prompt action of Mr. Hurlburt, the Comptroller of the Currency, in repairing here from Washington and relieving Mr. Collender, whose relations with the institutions still continue to be looked upon with suspicion, nas alarmed bank officials whose institutions have been RUN IN A LOOSE MANNER, and they are quite uneasy as to his action in the premises. Yesterday he appointed receivers for two banks that until within a day or two had a large credit and stood quite well on 'Change, and it is rumored that be contemplates a general overhauling of them all before his return to the capital. The excitement yesterday was more particularly contined to business men about Washington Market, who are creditors of the Ocean, and uptown depositors who reside near or do business with the Union Square and Eighth National banks. Still the situation was canvassed on Wall street, and many shrewd financiers shook their heads ominously and remarked that these failures were merely the gusts of wind that preceded the storm. The Ocean Bank-Statement of Its Affairs. The ugly revelations relative to the Ocean Bank and its suspension created great excitement among its creditors yesterday, and the premises were besieged all day by a crowd of persons anxious to hear the latest facts. From early morning until late in the afternoon the dtrectors and the receiver (Mr. Davies) were employed in overhauling the securities, with a view of getting at an approximate idea of its financial condition. About half-past two o'clock they completed a superficial examination, and are satisfied that the bank is IN A MUCH BETTER CONDITION than the public, who observed that the stock had failen in the market to twenty cents on the dollar, believed. Mr. Davis, the receiver, gives the following as what he believes to be the actual condition of the institution placed in his custody. although, as the examination was a nurried one, some slight inaccuracles may be found on a more critical supervision:LIABILITIES

4. December 14, 1871 The New York Herald New York, NY

Click image to open full size in new tab

Article Text

FINANCIAL AND COMMERCIAL WALL STREET, WEDNESDAY, Dec. 13-6 P. M. On 'Change to-day wheat was dull and in tone unsettled. The cotton market was quiet and steady. SUSPENSION OF THE EIGHTH NATIONAL BANK. The Eighth National Bank, a small uptown institution, closed its doors yesterday, and was taken charge of by the Comptroller of the Currency, who will await the result of an investigation of its affairs before deciding whether to allow its resumption or to order 11 into the hands of a receiver. The first notice or trouble in its affairs was given at the Clearing House this morning, when the Butchers and Drovers' Bank, its agent, gave notice that it would no longer clear its checks. Particulars of the matter are given at length in another column, and also such further developments as have transpired concerning the Ocean Bank. At the special meeting ot the Clearing House Association yesterday the conduct of Mr. Callender was vigorously condemned and a resolution adopted asking the Comptroller of the Curreucy to appoint another Bank Examiner for this city. Ocean Bank shares have fallen to 20, as against 80 on Monday last. Late this afternoon the Union Square Bank was placed in the hands of a receiver. MONEY EASIER. The money market gradually relaxed as the day's business in the loan market progressed, and borrowers, after paying as high as 1-16 per cent in the forenoon for carrying of stocks, were accommodated quite readily at 7 per cent later in the day. Indeed, loans were made as low as 5 per cent, but they were the result of offerings by parties who, expecting a renewal of the "squeeze" and being disappointed, pressed the street with their money after accounts had been generally made up. The return of ease is attributed to the par tial dissolution or the combination operating for lower prices on the Stock Exchange, but had little effect on the stock market, especially as the Broadway Bank began calling in loans to-day, and had already asked for $1,500,000 out of about $6,000,000 needed to meet the payment late in the week or maturing city indebtedness in the shape of revenue bonds. Prime paper was quiet at 7 a 12 per cent discount. Foreign exchange was steady on the basis of 109 a 1091/6 10r prime bankers' sixty day sterling and 109 a 1097/6 for sight bills. GOLD UNSETTLED-109 A 109 %. The gold market was feverish and displayed more firmness, reacting at one time to 109% on the better facilities afforded the holders of gold by the easier condition of the money market. The course of the market is shown in the table:-

5. December 15, 1871 The New York Herald New York, NY

Article from The New York Herald, December 15, 1871

Click image to open full size in new tab

Article Text

The Union Square Bank. Everything was quiet at this bank yesterday, depositors feeling satisfied that at the proper time they would receive all that is due them. The directors and the receiver were busy all day examining the books, but 80 far can only form an approximate estimate of the Indebtedness. Vice President Bixby last evening placed the bills receivable at $373,103, and liabilities at about $327,000. As yet they have not received the sheet from tne Clearing House, and cannot consequently get at the exact figures. They have, however, other assets, including $50,000 in currency and $62,000 in bonds, worth, with the premium, $70,000. Then they have in claims on real estate, as collateral security, and a claim which is not yet adjusted, about twenty thousand dollars, and $14,000 in cash items, a great deal of which 13 in currency. Mr. Bixby, therefore, believes the condition of the bank as about as follows:-

6. December 16, 1871 The New York Herald New York, NY

Article from The New York Herald, December 16, 1871

Click image to open full size in new tab

Article Text

BROKEN BANKS. Improved Feeling in Wall Street Yesterday. Unfounded Rumors and Their Result. The Suspended Banks- The Ocean, Eighth Na tional and the Union Square- What They Say and What They Are Doing. Although a feeling of uneasiness was perceptible in Wall street circles yesterday morning the fact that the falsity of the malicious rumors, so ingentously circulated. regarding the instability of several institutions had become established materially diminished the leverish excitement that prevailed the day preceding. Inquiries at the Clearing House and elsewhere fully confirmed the opinion already expressed- that the condition of the banks generally was unusually sound. The bold, though unskillul, manner in which the reckless stockjobbers maneuvred was calculated to create some excitement among those unacquainted with the willy tricks of the sharp intriguers; but when the scheme failed and when it became well known that the institutions against which the groundless reports had been set afoot were sound very confident and satisfactory feeling supplied that of doubt and anxiety. The Bank of the Commonwealth weathered the gale with flying colors and came to anchor without the loss of passenger on the stable craft. In fact, that institution has rather fared well by the excitement, an. although slightly strained on Thursday by the storm through which It rode 80 bravely, the substantial support proffered to tt in the nour of apparent distress was sufficiently demonstrated to prove that it did not lack host of steady financial friends. The committee of the Clearing House finally established the soundness of the bank in question, and there the excitement ends. To be sure the street was a little feverish in the morning, but towards noon business had resumed its nominal condition. Hints were given here and there the effect that trouble might few in proved these entirely itnout truth. So far as could be in tained the banks are the sheets House Clearing several show, and the petty possibly contine tnemselves their own ness the mercantile community would deal great spared The in banking were certainly though why plans 01 be the by matter planation. Having signally falled, then, to create efforts panic, jobbers were low spirited yesterday. while prevailed and comfortable healthy tone at market large. of the subsided to mere drew their checks without exhibit ing symptoms of rapid respiration. Moreover, the large, and 1u this institufirmly aolished. WHA circles that the affairs of some of the national banks required an overhauling, and that precaution should DO against irregularities. Asit 1 impossible to prevent the circulation 111 -founded reports, no loopholes lett whereby ingenious speculators could find flaw cavila in fine, the feeling was a decided improvement and 18 likely to continue. The Ocean Bank-The Depositors' Conferonce. The depositora of this concern, of which Mr. Stevenson, an old paymaster of the Army of the Potomac is President, and Theodore R. Davies was counsel and now receiver, were more clamorous yesterday than ever. Bitter words were uttered AND THREATS MADE against the receiver, Mr. Davies, and the detec. Live, Mr Flynn, who seems to be doing his duty as faithfully as the receiver's orders will permit, but who is now anxions to sever his connection with the bank. For several hours yesterday Mr Davies was closeted with the committee of depositors, and Mr. Flynn refused all admission to the presence of the receiver. About three o'clock reporter of the HERAL lecured moment's who with the receiver, audience SECURITIES THAT deposited in the bank to cover his indebtedness con the bonds sisted and Railroad and of the Portage Uanal first nortgage onas, which he mates worth the These bonds. ports, secured by the wud. Avery William L. very Conant Co. and D. Randolph Martin. This was all the Information Mr. press late as three o'clock, following details were obtained CONFERENCE WITH THE RECEI At ten o'clock yesterday the committ appointed by the depositor of the Ocean Bank confer with receiver, Mr. relative securities and assets of the company. met at office of the bank. and were courteous received his who Mr. Davies, information possible to give upon so short notice. Before the sultation commenced, a question arose as whether SHOULD REPORTE BE Mr. the remain hat to in their doing no had he sonaily not think would their and crude imperfect. hastily report He tetails. and incomplete had late hour the previous night, both hold the private, business Mr. Wan books anything the of hauling the chairman of the said that Monday they would meet their then press would furnished with full and lything importance transpired in the would also meantime reporter saw one the committee after the meeting and this geutleman stated that the that the necessary at absolutely given session to should attsfactorily for publication bitshed the that the depositors will be paid in full, but that the probably suffer very heavily. From present the bank pearances continue business after getting through its present didiculty Mr. Starrs, one the committee to whom Mr. Davies referred one of the HERALD reporters after the conference had ended. expressed his belief that much bank condition of the the BEEN TO BETTER THAN THE PUBLIC HAD LED BELIEVI Some of the depositors late in the day circulated the report that Mr. Davies, the receiver, was a partner detecuve named Edsall, who late chief detectives, Captain John Young, but this statement is untrue. The Eighth National Bank. The doors of the above bank were open yesterday, and depositors met with courteous responses from the polite clerks. One of them stated that the delay in making statement of its assets and liabilities was caused by the fact that about the time the bank suspended. owing the confusion the pination was lost and they unable to open the safes until morning, when mechanic forced open. Later the receiver, Mr. Man, was seen, and pressed the belief that every depositor would rejustly due him. but for few days he would be unable to give statement to the press. The Union Square Bank-Official Statement of Its Affairs. The above bank seems to have secured the sympathy of all banks outside of the Clearing House, and even Mr. Hulburd, Comptroller of the Currency, bears testimony to its good management. Speaking of the causes that led to its suspension Mr. Bixby, Vice President, yesterday asserted that the action of the Shoe and Leather Bank was the cause. He said that when word was first received of the suspension of the Ocean Bank, and it was necessary for the Union Square Bank to provide itself with a Clearing House agent. $24,764 cash and collateral amount $53, 620 were de in the Shoe and Leatner Bank, whereupon the Presid Mr. Stout wrote out certificate to the effect that he was the agent or the Union Square Bank in

7. December 16, 1871 The New York Herald New York, NY

Click image to open full size in new tab

Article Text

The Eighth National Bank. The doors of the above bank were open yesterday, and depositors met with courteous responses from the polite clerks. One of them stated that the delay in making a statement of its assets and liabilities was caused by the fact that about the time the bank suspended, owing to the confusion, the combination was lost and they were unable to open the safes until yesterday morning, when a mechanic forced it open. Later in the day the receiver, Mr. C. Man, was seen, and he expressed the belief that every depositor would receive all justly due him, but for a few days he would be unable to give a statement to the press. The Union Square Bank-Official Statement of Its Affairs. The above bank seems to have secured the sympathy of all banks outside of the Clearing House, and even Mr. Hulburd, Comptroller of the Currency, bears testimony to its good management. Speaking of the causes that led to its suspension Mr. Bixby, Vice President, yesterday asserted that the action of the Shoe and Leather Bank was the cause. He said that when word was first received of the suspension of the Ocean Bank, and it was necessary for the Union Square Bank to provide itself with a Clearing House agent, $24,764 cash and collaterals to the amount of $53,620 were deposited in the Shoe and Leatner Bank, whereupon the President, Mr. Stout, wrote out a certificate to the effect that he was the agent or the Union Square Bank in the Clearing House, and sent it to Bloomfield, the printer. These certificates were then sent to the different banks on Tuesday morning. The officers or the Union Square Bank further agreed to send $30,000 in cash to the Shoe and Leather Bank before nine o'clock on Wednesday morning. This money was paid before the appointed time, and Mr. Bixby says that the contract was fulfilled in every way and that ne never had the least douot that the Shoe and Leather Bank would redeem for him, andt nat Its action astonished his directory and by the posting compelied their sus. pension. At a late hour last evening a reporter of this paper met President Cecil, Vice President Bikby, Mr. Nathan, Mr. Beekman and other directors of the bank, who reported that later investigations into the affairs of the bank showed a more gratifying exhibit than that published exclusively in the HERALD oi yesterday sentleman addointed

8. December 22, 1871 Delaware State Journal Wilmington, DE

Article from Delaware State Journal, December 22, 1871

Click image to open full size in new tab

Article Text

Delaware State Journal. FRIDAY MORNING, DECEMBER 22,1871. AMERICAN NEWS. HA Japanese embassy is due at Washington, in January. San Francisco has a penny news-paper.the EVENING POST. The new Mayor of Philadelphia has selec. ted his detective police officers. At Erie, Pa., wrapping and packing ) pers are made of hemlock wood. Minister DeLong is coming from Japan to see about a revised treaty with Japan. A narrow guage railroad, ten miles long, 18 to be constructed in Franklin County, Pa. A team of horses was sold at Red Bank, N.J., a low days since, for twenty-five cents. Ex-Mayor Cahoon of Richmond Va., has been pardoned by the Governor of that State. Philadelphia has has forty Roman Catholic Churches, five being in course of construction The Auburn papers report Hon. Wm. H. Seward as lying very low from an attack of paralysis. The Eighth, the Ocean, the Union Square Banks in New York City have suspended operations. The Grand Duke Alexis has seut $5,000 to Mr. W. H. Aspinwall for the poor of New York city. The executive committee of the Union Pa. cific Railroad, has made Omaha the terminus of the road. Amethyst, garnet and gold bearing quartz have been found in the Missouri river at St. Joseph Mo. In the Onlario House has passed motion by one majority of a want of confidence in the ministry. In the Cathedial of Greads, Spain, are the splendid marble monument and tomb of Ferdipand and Is sabella. The Philadelohia pastors of various denominations ave arranged to hold a week of prayer during January. Irishmen in Puiladelpbia are signing a petion to Congress to secure industrial protection.-a. blow to England. M. A. L. de Forest, the newly appointed Consul General of France at New York, arrived there on Saturday. A number of laboring meu in Philadelphia have started paper in their interest, styled the Labor Champion. John W. Garret has been reelected President of the Baltimore & Ohio Railroad Company this !ourteenth term. The Grand Duke of Russia is to go buffalo hunting about New Year's day near Fort McPherson among the Sioux Indians Iu Philadelphia last week, 72 adults and 189 minors died of small-pox and 37 adults and 7 arinors, of Consumption of the lungs. On Dec. 15th at noon, the volunteer fire department of Norfolk Va., went ont of ex. istance, being superseded by a paid department. The Harrisburg Car Company are now turning out tea cars er day. Improvements the increa se of this business are contemplated. The last Havana & New Orleans steamstip from Baltimore, took out 48 cases of canned goods for Havana and 4,510 cases for New Orleans L'Internationale, a radical democratic Americo-European labor league made pa. Trade in New York City Dec. 17th., carrying a red flag. According to the latest statistics the Lutheran denomination now has in the United States 2,157 churches, 8,727 ministere, and 450,410 communicants. A new light-house is building at Love Point, Kent Island, and the new one ou the Rock Shoals, at the of the Tred Avon Talbot County, Md., is fluished. The British iron steamer Salsetta, from Liverpool, IS to take from Philadelphia, tour hundred tons of oysters in the shell from that city and Baltimore The venerable Dr Robert J. Breckinridge of Kentucky, is said to be steadily declining in health and there 18 little hope that be will live through another year. The Alabama Legislature has passed an act autborizing the government to issue $1, 000,000, Alabama, per cent. bonde, to be used as necessity may require. of Ex-Senator Hon. Geo. H. Williams, Oregon bas b (n appointed U. S. AttornyGeneral, his appointment being confirmed by the Senice on Thursday last. The leading iron shops at Erie Pa,, are shipping from six to ten engines per day to the ou country, and from two to three per week, with saw mills, to the West and South. their thrust his a m into a Philadelphia Jewelry store last week while clerk near the door was showing a customer tray of diamond ting, grabbed a $3,000 ring and disappeare Strut, of Allegheuy Pa., city, bas invente wheel plow which 15 operated by thedriyo on the top of the ve hicle. 11 prove that it is good The Pennsylvania Rea ling Railroad Com pany has d cided to prepare an extensive coal receiving shipping depot at Pert Amboy, tue express purpos: of forward coal eastern market. Teen-ury Department is about to in Vite proposals f the construction of four new revenue marir service for an appropriation 01 200,000 made by Congress Guring its last session. Mr Catacazy, the Russian Minister Was America after ac Dake to St. Louis hereafu conducted by Barou Charge d'affairs lives A be erected in Camde by Company. far as tue A bridge South from New in fever yellow in Lorn United seven Germany, Ireland, in three France in Italy, and Twenty died 10 th Charity Rt. Rev. E Gibbons, of the Catholi Diocese 0 Carolina, in 11 recent ture at Buttimore, said the prelates the Valican joyed wider fiel of debate u would be tolerated in th French Chambers, the English Parliamen (The American Congress. In Peru, Oroya Railroad extending Iram Cultes near the head waters o the Amaz n pushed forward stead ily has been opened between ca and Pisco lorty miles long; built Englis $1,000,000. A railroa has been ordered to be constructed from Piura to Pasti.

9. December 25, 1871 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN

Article from Memphis Daily Appeal, December 25, 1871

Click image to open full size in new tab

Article Text

TELEGRAPHIC ITEMS. The New Orleans papers take holiday to themselves to day. The directors of the Georgia Central railroad want to lease their road. One million dollars, in unsold city of Brooklyn bonds, were burned Saturday. The committee of seventy have drawn up a new charter for New York city. It provides that the mayor's salary be $15,000. The receiver of the Union Square bank, New York, reports assets sufficient to cover all liabilities, and leave $42,000 for the stockholders. The health officer of Philadelphia reports two hundred and twenty-eight deaths from small-pox for the week-& slight increase over last week. It is understood that Archbishop MoCloskey, of New York, was elevated to the rank of cardinal of the church in secret consistory, which was lately held in the Vatican. The examination of the prisoners in the Robinson murder trials at Salt Lake closed on Friday. Hampton, Toms and Blithe were committed. Brigham was expected home. The wife and child of Patrick Burns were found dead in a barn at Kane, Pa, on Thursday. The woman was strangled, and the child's skull broken. Burns was arrested on suspicion. A man named White fell overboard from the steamer East Saginaw, in Chicago river, Saturday night. Another man named Cummings jumped in to save him. Both were drowned. John Kligour, a well-known turfman, and a person called Meade, who is agent for John Morrissey's gambling house in New York, had a personal difficulty in Cincinnati Saturday, which they referred to the courts, Busch, the insane lover of Nilsson, who has on two occasions been brought up in Essex market for attempting to force his way into her rooms at the hotel, was committed yesterday to the lunatic asylum in New York. The Grand Duke and suite attended the choral testival at the North Pres byterian church at Buffalo yesterday afternoon, which was participated in by five hundred children. Catacazy left the royal party and has gone to Washington, where he will join his family. The commissioners for the examination of the Missouri, Kansas and Texas railroad have been specially instructed to convene in St. Louis this week to consider the difficulties which prevent the Missouri, Kansas and Texas and Atiantic and Pacific roads from connecting at Vinita, in the Indian Territory. The United States court met yestefday at Columbia, South Carolina. The jury in the case of Mitchell vs. Whiteldes, after nearly twenty hours of consultation, returned a verdiet of guilty on second and fourth counts. The defense moved for a new trial and the court took a recess till Wednesday next,

10. December 25, 1871 Daily Kennebec Journal Augusta, ME

Article from Daily Kennebec Journal, December 25, 1871

Click image to open full size in new tab

Article Text

BY TELEGRAPH -TO THEDaily Kennebec Journal. News from New York. New York, 24. Owing to a leak in the pipes of the purifying house of the Metropolitan Gas Company at 6 o'clock yesterday occured which totally destroyed the and an explosion building placed the central section of the city in total darkness. P. McGrath was badly injured. No fatal results. Loss estimated at $30,000. The safety of the workmen in the employ of the Metropolitan, Gas Company was due to the change of hours made a few days ago, by which labor stopped at 5:30 P. M. Had the old rule been in force there would have been a terrible sacrifice of life. The district lighted by the Metropolitan Company extends from river to river and from Thirty-fourth street to Seventy-ninth. At Sixty-fitth street and Tenth avenue the has company twolarge receivers supplied with gas from the works and distribute it in the upper part of the district. These receivers were nearly full last night and for up town residents who escaped the Egyptian darkness which afflicted those lower down. To-night however they suffer with the rest. The company cannot manufacture gas until the purifying house is rebuilt, and this with the employment of all the men that can possibly be put to work will take nearly two weeks. Mr. Zollikoffer, President of the company attributes the explosion to an accident, and a similar explosion might occurr in any gas works in the world. A frightful calamity was averted the of mind of one of the to cut employees gates leading by of the presence the company main works who shutting and the off the gas from the houses. But for this precaution there might have been a gas explosion all over the district. The receiver of the Union Square Bank reports the assets sufficient to pay all liabilities and leave $42,000 for the shareholders. The sheriff has been notified by Tweed's attorney that the original or new bondsmen will justify on Tuesday. It appears Carson, chief of the bureau of elections is spending the holidays at his residence in West Chester County. The Brooklyn reform committee has agreed that the proposed new city charter shall provide for one board of aldermen of nine members, A million dollars worth of unsold bonds of the ctty of Brooklyn were destroyed yesterday on account of the coupons bearing the signature of the retiring comptroller. A new counterieli 50 cent currency has appeared in Newark. Hiram Cranston "formerly of New York Hotel becomes manager of the St. Louis Hotel in New Orleans. Thomas Larkin conductor of a third avenue railroad was murdered last night by Robert Halloran, a discharged driver with a car hook. Halloran escaped.

11. December 27, 1871 The Wheeling Daily Register Wheeling, WV

Article from The Wheeling Daily Register, December 27, 1871

Click image to open full size in new tab

Article Text

NEW YORK. Schenck's Little Exams. NEW YORK, December 25.-It is stated from Washington that General Schenck has withdrawn from the directorship in the Emma Mine company. When articles first appeared criticising his action in regard to the mine. he at communicated with the State De the the asking as to fuonce partment and explaining advice facts in his Mr. he was at to ture matter action. perfect liberty Fish stocks invest replied in that mining or or property, that such no any company and just grounds any other investment for criticism furnished by body. At the same publication his name of the as and company of American by time the promoters Minister the the it and under unfortunate, Director of company the Fish circuinstan- thought ces advised bim to withdraw from the directorship. International Old Salts. At a meeting of the General Council of the International Society last evening, a letter was read stating that the seamen at the Academy of Annapolis were in accord with the Society The Bible War. In spite of the notification of the Trustees of the Hunter's Point Schools, the Board of Commissionere insist that the no the prohibition principal of shall Bible take reading notice during of school hours. The Union Square Bank Makes a statement showing that they will have a large surplus after paying depositors. Storm and Accident at Sea. The steamer Hauser, which arrived at this port with 420 passengers, encountered a fearful storm soon after leaving Europe, and losing her rudder, had a long and perilous passage. Connolly's"Christmas Gift. It is probable that Connolly will remain in Ludlow street jail through the holidays. English Peers and People Again. , The London correspondent of a New York paper says it is yet possible that Scott Russell's idea of bringing together the in a new liance peers may and be consummated. proletariate the part of several A strong aldesire exists on representative workingmen to carry out the project. The two councils will probably meet shortly, if they have not already met, and come to some definite arrangement with respect to their future course. Funeral of Sidney E. Morse. NEW YORK, December 26.-The funeral of Sidney E. Morse took place this morning, and was attended by the were deceased. large number The of remains the friends consigned of to Greenwood cemetery. The Court of General Sessions met this forenoon, but adjourned, the grand jury not appearing, as was expected. The Gas Explosion. Extra men have been put on the work of repairing the damages by the explosion at the Metropolitan Gas Works Company's premises. About seven hundred hands are now engaged at work. They recommenced making to-day. Serenade to Murphy. A grand serenade was tendered exCollector Murphy to-night? Fisk's band the were prominent present. furnished After members the the serenade of music. the party a collation All was partaken of in the house of Mr. Murphy. The Gas Famine, caused by the explosion of the purifying house of the Metropolitan Gas Company, continued to-night, though not to a extent. were to to of of the such the able city great during furnish the gas early The their hours company portion night. It is expected they will be in complete working order in a day or two. Eighth National Bank. The report of the receiver of the Eighth National Bank shows the exclusive be of those considered worthless, assets, to $886,803 and liabilities $837,789. Christmas Gift for Chicago. The people of France have sent $35,000 asa Christmas gift to the Chicago sufferers. M. Hoguet, of this city, has been entrusted with forwarding money to Chichago. Tweed's Bondsmen. The examination of Tweed's bonds men commenced to-day before Judge examadCardozo. ined, and further The bondsmen proceedings were were journed till Thursday at M.

12. January 4, 1872 Mower County Transcript Austin, Lansing, MN

Article from Mower County Transcript, January 4, 1872

Click image to open full size in new tab

Article Text

THE NEWS. At Homes THE receiver of the Union Square Bank reports the assets sufficient to pay all liabilities, and leave $12,000 for the shareholders. COMPTROLLER Green publishes official statements showing the debt of the city and county of New York to be $95,413,786. The amount of cash in the treasury is about $77,000,000. Wm. BROWN, one of the counterfeiters who escaped from Ludlow street jail, New York, some weeks ago, was re-arrested at Freeport, Illinois. THE engine and machino works of Hugh H. Bole & Co., at Duquesne, near Pittsburg, were totally burned Thursday evening. Loss estimated at $50,000; insurance not ascertained. THE upper portion of New York city was deprived of gas on Sunday by the explosion of the purifying house of the Metropolitan Gas Company's Works on Forty-Second street. The building was demolished. Fortunately no one received serious injuries. THE examination of the Robinson murder ers at Salt Lake City has resulted in the committal of three of the persons under arrest, Hampton, Jolls and Blithe, and the discharge of the rest. THE Philadelphia health officer reports 228 death from small-pox last week, a slight increase over the previous week. LEONARD COPENHALL and Jacomina, his wife, an aged Holland couple, who had charge of the Holland church in Goodwin street, Patterson, N. J., and occupied roomsin the basement, were asphyxiated on Saturday night by gas generated in a small cooking stove adjoining their bedroom. When found both were dead. Wm. DOBBINE and a blacksmith named Crows, were instantly killed by the explosion of an old cannon at Shield's Mill, near Sey mour, Ind., on Christmas day. A young man named August lost one of his hands. THE Commissioner of Internal Revenue is of the opinion that the amount of taxes paid or payable upon dividends, interest, and undivided profits of corporations for the five mouths of the calendar year 1870, is not far from $27,000,000. EARLY Monday morning, Charles Talman, assistant preseman of the Methodist Book concern in Cincinnati, while intoxicated, shot and killed a saloon-keeper named Lorenzo Dragle, who was leading him home. JOHN L. CABILL, the "Drummer-boy of Shiloh," called at the White House on Tuesday morning, to tender his thanks to the President for his appointment to a second lieutenancy in the 24th infantry. IN the Court of Oyer and Terminer, in New York city, or. Tuesday, Edward Mahonev and George Williamson voluntarily confessed that they were guilty of robbery for which two other men were convicted. They were remanded for an investigation. REV. W. C. WALLACE was shot and killed at Atlanta, Columbia county. Arkansas. on the 20th, by a man named Shelman. The latter was drunk, and used some insulting language to the family of Mr. Wallace, when the latter reproved, and Shelman shot and killed him. Shelman made his escape. WANG HOLG, son of the late President of the Ning Yung company, was buried with imposing Celestial ceremonies in San Francisco on Tuesday. Nearly one hundred carriages were in line, with twenty professional mourners and five wagon loads of provisions and flowers. THE residence belonging to 1

13. January 21, 1872 The New York Herald New York, NY

Article from The New York Herald, January 21, 1872

Click image to open full size in new tab

Article Text

The Institution Closed and a Receiver Appointed. The Union Square Bank to Pay Fifty Per Cent. Continuation of the Run on the Third Avenue Savings Bank. Meeting of the Depositors of the Eighth National Bank. THE MARKET SAVINGS BANK. Suspension of the Institution-A Receiver Appointed-Effects of Wall Street Speculation-Investing in Long Island Real EstateLiabilities Double the Amount of Sound Assets. The current rumor which prevailed in Wall street on Friday afternoon that the Market Savings Bank had suspended payment was verified yesterday morning. ana anxious depositors, who perused the columns of the HERALD and read the unwelcome intelligence, hastened early to 82 Nassau street, only to find their worst fears realized. Most of those who did business with this institution are SMALL CAPITALISTS, engaged in commercial pursuits in the vicinity of the bank, as it afforded many facilities which are denied by similar institutions. As early as eight o'clock yeeterday morning men with troubled races could be seon staring at the unopened doors, awaiting with anxiety for ten o'clock, hoping against hope that all would then be well. This belief had gained ground, as the officers, up to a late hour the previous evening, had positively denied that there was either a run or anything irregular in their accounts. They stated that there only existed a want of confidence in every savings bank, and they could hardly hope to escape from the general suspicion. Both the President and acting Vice-President were determined to keep up the credit of the concern to the last moment, and allowed the report to be circulated in financial circles that the bank was not only in a sound condition, but that there was sufficient reliable assets to pay all liabilities. The credulous laughed at the idea of a bank with such an array of induential names among its trustees being embarrassed, especially after the example of the many institutions which were recently closed for incautious, if not culpable, speculation. THE SHREWDER ONES, however, took good care on Friday to draw out all they could, as the mere suspicion of being suspected was sufficient to affect their sensitive pockets. As the hour for opening the bank approached the crowd grew larger, as during the morning a hint was thrown out that some heavy losses had taken place through the failure of a firm in whose possession were Tennessee bonds to a large amount. This intelligence soon spread, and at the stroke of ten people with bank books in their hands filled the spacious passage, the high stoop and a goodly extent of the sidewalk. The solid doors, however, remained closed, but a short time after a young elerk elbowed his way through the throng and appended the following notice on the door:busi closea, and in the hands of James Dennis Receiver.

14. February 12, 1872 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, February 12, 1872

Click image to open full size in new tab

Article Text

NEW YORK CITY. NEW YORK, February 10.-The of Stock yesterday to secure the one the capital busi the number Elizabethport Cordage terday because the company would only make monthly payments hereafter in place of semi monthly heretofore, when the company dismissed hands two hundred and closed works The Custom House Committee ha examined, during its five weeks' session 103 witnesses. were summoned not examined and thirty the list but not summoned The expenses will be about $6,000 The National Association of Bolt ufacturers met here yesterda and fixed upon the scales of prices. They elected Sternberg, of Reading President H. Bourne of Cleveland, E H Hooper of Philadelphia and J. H. Anthony Providence, Vice Presidents, and H. Newhall, Secretary The Fenian National Convention meet here on May 16th. The Grand Jury entered the Court of General Sessions this morning and presented a bundle of indic. ments. In the statement of their labors it is set forth that some 460 cases have been acted upon The frauds in the investigation of which they have been engaged caused a loss to the city of at $20,000,000. Mayor being arraigned, appeared in person. and said he was ready to offer bail. He waived the irrégularities com mitted by the Grand Jury, and put general denial, asking that his trial be the earliest day possible. The Grand was discharged Judge then fixed the trial of Mayor Hall for next Monday week his bail $8,000 his brother in law Edward Barnes, became surety Among indictments were some against T weed and one against Peter B. Sweeny In the of Tweed bail was accepted in $14,000. Sweeny was bailed in $10,000. in dictments are preferred against are for misdemeanor charging the ac cused with neglect of duty in the conver tion of audit claims against the city. Judge Dailey will sit on the trial Mayor Hall Bail for Nathanic Sands, on indictment found against him. was given in $10,000. Five indictments are against Connolly. Of the five new indict ments against Tweed two charge him with forgery in the third degree, one with grand larceny and one with petit larceny William Pantia and Thomas Brixby fashionable burglars, arrested the plements of their profession, offered $5,000 each to the officers to be released Here tofore they moved in aristocratic society The greatest excitement was created around the City Hall to day growing out of the action of the anti-ring grand jury Am immense throng gathered in the court room to be present at the coming of the jury Mayor Hall arrived shortly before opening the court when the grand jury handed in the indictments One of their number read an address in which stated they failed to find indictments against many persons implicated in the frauds because the existing laws, as ex plained by their legal advisors, do not provide for their pauishment. Their in vestigations have been necessarily slow and tedious, for the plots of the conspira tors were carefully and cunningly devised and executed In the course of their labors other public frauds were brought to notice which they were unable to investi gate. They trust that the succeeding grand juries will bring them light on the perjury, forgery and similar crimes and means by which e'treasury was robbed and the disgraced the Mayor's address to the Court Judge Bedford presiding he said is announced that your Honor leaves the city to obtain relaxation from your arduous duties, and desire im and other Judges of this court ought not from social reasons act in any case of mine, I suggest that any one of the officers, Justices of this court to whom snch reasons cannot apply substituted. Whereupon Judge P. Daly, whom Mayor Hall was a man who was elected at the last election by the general consent of parties, and whom nothing could possibly be said against, was deter mined on. At the Pacific Mail investigati ayman who preferred the charges, did of not appear. Lockwood, President the company, testified that the indebted ness of the mpany never exceeded four hundred and fifty thousand dollars. A subpoena was issued for Col. Morton, member of the Assembly from Williams who presented the petition Theappeal of Foster, the car hook mur derer, was argued before the general of the Supreme Court Bartlett, for the prisoner claimed that Judge Cardozo who tried him, was under strong excite ment, from the fact that the murderer was a near relative The decision was reserved. The Market Savings Bank to day was put into bankruptcy The receiver of Union Square Bank an nounces that a dividend of 50 per cent will be paid to depositors February 15 The receiver of the Guardian Savings bank filed a report showing that its assets exceed the liabilities, the having handed over upwards of $800,000. and the depositors are to be paid in full reported that the National banks are having trouble. and among them is one Brooklyn Dr. Lookup Evans, the notorious abor tionistis now servingout his sentence, and denied new trial by the general term of the Supreme Court Bergh appealed to Justice Shandley o-day to grant a warrant for the arrest the proprietor. ot the pit where the cock fight had taken place. Shandley refused A Montreal special says that eight regimenta of British troops are under orders for Canada Connolly's bail will be justified Mon day. The indictment for conspiracies embraces the names of Tweed Peter and James M Sweeney, A. Woodward and Hugh Smith They are charged with defrauding the city, through vouch ers, for over $500,000 paid to Key ser. Warrants have been issued for the

15. June 8, 1872 New-York Tribune New York, NY

Article from New-York Tribune, June 8, 1872

Click image to open full size in new tab

Article Text

NEW-YORK CITY. Music, to-day, in the Central Park, at 3:30 p. m., weather permitting. Controller Green paid $135,000 yesterday to to the Department of Parks. The July encampment of the 7th Regiment, near Saratoga Springs, will be called Camp Sherman. The Treasury Department advertises for proposals for the performance of all the labor required in the Public Stores of this city. In the reorganization of the Marine Court, Dr. Birdseye has been reappointed to the position of Clerk, which he has held for the past ten years. B. F. Beekman, receiver of the Union Square Bank, will make a final payment to the depositors of the institution on or before June 15, settling their claims in full. Presidential pins of endless variety are in the market. The New-York News Company, at No. 18 Beekman-st., has been led into the business, and circulates several of unfque design and handsome finish. The delegates to the Brewers' Congress, accompanied by numerous ladies and other invited guests, went on an excursion to Sing Sing and West Point yesterday in the steamer Sleepy Hollow. Kiyonari Yoshida, the Japanese Revenue Commissioner, and the other members of the Commission, with the exception of Gen. Williams, who remains at the Gilsey House, sail for Europe to-day in the steamships City of London and Baltic. The two public baths are undergoing Tepairs which will be completed in about two weeks, and it is understood that two more will be buft one of which will be moored at the foot of West Twenty-thirdst. and the other at the Battery. The old bell of Washington Market, which a few years ago mysteriously disappeared, has at last been found buried under a pile of number in one of the lofts. It is intended to have it reposition, so that the It may be rung as a warning half an hour before market closes and again at/the Hour of closing. The appeal from the conviction of the NewYork Gas-light Co. as inuisance, in the General Sessions in September last, was argued yesterday in the Supreme Court, General Term. The appellants claimed that certain errousous rulings were made in the Court below, and that the verdict should therefore be set aside; and that the charter gives the company right to make such smokes and smells as are necessary to the manufacture of gas. Mr. Sullivan. for the people, argued that the mere giving of a privilege to make gas gave immunity to the company in producing noxious smells. as there was no direction to do an net. but simply a permission, subject. of course, to the ordinary rules of law. Decision reserved. BROOKLYN. The Corporation Counsel is to decide whether the Board of City Works, or the Park Commissioners are to bear the expense of $40,000 for shifting the water main in Underhill-s By the will of the late ex-Mayor Samuel Smith, $4,000 is given to various religious societies, and the remainder of his estate of over $1,000,000, is divided 50 relatives in sums of from $500 to $7,000. NEW-JERSEY. JERSEY CITY.-I first through train over the Midland Road arrived in this city at a late hour Thursday. It was a milk train from Sullivan Co., Y., with 700 cans of milk Twenty-eight car loads of straw. berries arrived by the Pennsylvania Central Road, yesterday. The City Treasurer reports the following bal+ ances in the Hudson County National Bank: General account, $277,785 27; water account, $265,098 46; sinking fund, $13,331 18; total, $556,214 91. NEWARK.-The Common Couneil met last night, and received reports of city officers. The City Counsel announced that he had begun suit against several street contractors to recover money paid for work improperly performed Charles Plunkett was arrested yesterday for attempting to kill John Leonard on Sunday night by striking him on the head with a siung-shot. He was held in $1,000 to answer. PATERSON.- Hugh Dailey, the burglar, who robbed Alexander Beckwith's residence Wednesday night, and subsequently fell off the cars at Passnic, losing Bothlegs, died HI the Sister's Hospital yesterday. He stated that he was native of New-Orleans, 24 yearsold, and had been a burglar for seven years The members of the Passale County Medical Society propose to visit the jail and make a scientific examination of Libbie Garrabrant's mental condition, and a written statement in relation to her responsibility for her acts The report that excursion trains would be abandoned by the Erie Railway this Summer. is contradicted by the General Passenger Agent, who states that such trains will be run for the acCity commodation of societies, as in former years. The Physician is organizing a Bureau of Sanitary Inspection PASSAIC.-The Water Company resumed work yester. day, in deflance of Watson Bros.' injunction, and it is expected that the connections with the mains will be established and water introduced throughout the village by June 25. HOBOKEN.-In the Hudson County Court of Quarter Sessions, yesterday, Justice Burhom pleaded not guilty to a charge of false imprisonment, and was held in $500 bail to appear for trial.

16. June 8, 1872 The New York Herald New York, NY

Article from The New York Herald, June 8, 1872

Click image to open full size in new tab

Article Text

The receiver of the Union Square Bank is to make a payment to the depositors of the institution on the 15th inst., settling all claims in full.

17. June 8, 1872 The New York Herald New York, NY

Click image to open full size in new tab

Article Text

Another Dividend to the Union Square Bank Depositors. STOCKS HIGHER, STRONG AND DULL. Equalization of Central Stock and Scrip. ADVANCE IN VIRGINIA CONSOLS. ERIE RAILWAY MATTERS. WALL STREET, FRIDAY, June 1-6 P. }.} On 'Change to-day wheat and flour were fairly active. The cotton market was better and steady. MONEY EASY. Money was unchanged and easy. The principal business was in renewals, which were on the basis of 5 per cent where the collaterals were stocks and 4 a 5 per cent upon government bonds. Prime paper was quoted 6 a 7 1/2 per cent discount. The receiver of the Union Square Bank announces that he will be able by the 15th inst. to make the last dividend in settlement of depositors' claims. Foreign exchange was nominally unchanged, but easier in tone. GOLD LOWER-1141/2 A 113% The gold market was depressed by the cable news that the Supplemental Treaty had been accepted by the English Cabinet, and by a further despatch from London, dated to-day, saying that there was no obstacle now to the peaceful progress of the arbitration at Geneva. At the same time 1867's came 3/4 per cent better from the other side in the general improvement in all classes of American securities. Still later it was found that the specie engag ements for Saturday, originally estimated at as high as $2,000,000, were less than $900,000; subsequent to which came the Custom House return of the dry goods imports, showing a heavy falling off and indicating a corresponding decrease in the imports of general merchandise, the figures for which will not be ready until to-morrow. These several influences had the effect of causing a decline in gold from 114 1/2 to 113% The street was not clear as to what had been done by the gold pool in this emergency, further than that a good deal of "long" gold had been worked off upon the market in the interval just previous to the government sale, which lightening of the load was quite fortuitous in view of the matters above narrated. The Sub-Treasury disbursed $154,000 on account of redeemed five-twenties, and $54,000 on account of interest. The course of the market is shown in the table:-

18. June 12, 1872 New-York Tribune New York, NY

Article from New-York Tribune, June 12, 1872

Click image to open full size in new tab

Article Text

The aggregate amount of exports (exclusive of specie) from the Port of New-York for the week ending June 11, 1872, was $5,065,570. The Philadelphia stock market is steady; Pennsylvania 6s, 1081; Philadelphia and Erie R. R., 281; Reading R. R., 601; Pennsylvania R. R., 59); Gold, 1141. B. F. Beekman, [Receiver of the Union Square Bank, will pay a final dividend of 50 per cent to depositors on and after the 15th inst., at Excelsior Savings Bank, corner of Twenty-third-st. and Sixth-ave. The Ninth National Bank are offering $150,000 8 per cent 20-year bonds of the County of Mobile, Ala., at 821 and accrued interest in currency. The bonds are issued for the improvement of the harbor and bay of Mobile. The receipts of the St. Louis, Kansas City, and Northern Railway Co. for the first week in June, 1872, were $65,574; first week in June, 1871, were $46,237; increase, $19,337. The following is the statement of the Boston National Banks as returned to the Clearing-house, Monday morning. June 10: