16708. Wall Street Bank (New York, NY)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
private
Start Date
August 11, 1884
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
3d41c26b

Response Measures

None

Description

The Wall Street Bank (New York) suspended on Aug 11, 1884 due to a $200,000 shortage/defalcation by its cashier John P. Dickinson. A receiver (C. J. Osborn) was later appointed, and the bank reopened/was reported opened later in August (papers dated Aug 26 report it opened Monday Aug 25). Depositors were paid dividends under receiver. No clear evidence of a distinct depositor-initiated run prior to suspension; primary trigger was cashier defalcation (bank-specific adverse information).

Events (4)

1. August 11, 1884 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier John P. Dickinson's alleged defalcation/shortage ~ $200,000; loans made on insufficient margins; $50,000 bad debts reported.
Newspaper Excerpt
The Wall Street Bank has just closed its doors, owing to irregularities on the part of its cashier.
Source
newspapers
2. August 13, 1884 Receivership
Newspaper Excerpt
RECEIVER APPOINTED C. J. Osborn has been agreed upon as the receiver of the Wall Street Bank.
Source
newspapers
3. August 25, 1884 Other
Newspaper Excerpt
The Wall Street Bank, New York, opened its doors Monday for business.
Source
newspapers
4. September 5, 1884 Other
Newspaper Excerpt
Receiver Osborn ... began payment to depositors of a 60 per cent dividend.
Source
newspapers

Newspaper Articles (24)

Article from The Bolivar Bulletin, October 25, 1883

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PERSONAL AND GENERAL. IRVING BISHOP, the mind reader, broke down completely in Dublin recently and has congestion of the brain. HYAMS BROS., wholesale clothiers, New York and San Francisco, have susspended. Liabilities, $250,000. THE St. Petersburg hotel-keepers are under instructions to strictly watch the movements.of foreign guests. DRESS GOODS, valued at several thousand dollars, consigned to the Misses Partridge, New York, were seized on the 15th by the New York customs authorities. THE top of a Grand Trunk locomotive blew off at Yarmouth, Me., on the 15th. It weighed a ton and landed a quarter of mile away. A FIERCE gale is reported on the English coast. Among the vessels ashore are two of Her Majesty's training ships. THE Egyptian cholera investigation develops the fact that the disease is propagated by thread-like micro-organisms. THE new Spanish Minister of War does not expect to displace any Generals, but vacancies will be filled by friends of Marshal Serrano. FORTY women were killed in a panic caused by a false alarm of fire during service in a Jewish synagogue in Ziwonka, Russia, on the 14th. LINCOLN POST, G. A. R., visiting Richmond, Va., from Newton, N. J., was cordially welcomed on the 16th. LORD CHIEF-JUSTICE COLERIDGE was entertained in Philadelphia on the evening of the 16th by the University of Pennsylvania. THE Pittsburgh Bessemer Steel Works at Homestead, Pa., were sold on the 16th to Cornegie Bros., for $1,200,000. WM. BUTTERMORE, a fireman, was fatally injured at Buffalo on the 16th by an accident on the N. Y., L. E.& W. Railroad. JOHN CHISHOLM, of Newark, N. J., convicted of the murder of his wife, was sentenced on the 16th to be hanged November 22. THE Directors of the Western Union Telegraph Company met in New York on the 16th and re-elected the old board of officers. PROF. A. W. HOFFMAN, of the University of Berlin, was entertained in New York on the evening of the 16th by the American Society of Chemists. TWELVE of the sufferers in a recent railroad accident at Marshall, Tex., have instituted suit against the railroad company for damages. THE first Over and Terminer Grand Jury called in New York since 1877 was ordered in that city on the 16th to investigate frauds on the city Treasury. THE Papal nuncio to France has been instructed to observe s'rict neutrality between the _political parties. WILLIAM P. BRONSON, with his wife and son, of New Haven, Conn., the 16th sentenced to imprisonment for varying terms for causing the death, by neglect, of Carrie E. Gerden. AT Brimsleben, Prussia, 180 persons were reported on the 16th as suffering from trichinosis. Several cases had proved fatal. TROOPS had to be called out to quell a bloody riot between Slavs and Magyars in Upper Hungary. THE remaining coal mines in West ern Pennsylvania, where strikes have been for some time in force, were reopened on the 15th without trouble. SIXTY delegates attended the meeting of the National Telegraph Association in Cincinnati on the 16th. Morris F. Tyler of New Haven was elected President. CARL HENCKEL, a medical student, indicted at Syracuse, N. Y., for bodysnatching, has been arrested in Chicago. THE Band of Oregon pioneers visiting the East called upon President Arthur on the 17th. MOODY and Sankey opened a mission in Cork, Ireland, on the 16th. A mob gathered outside the building and hooted persons who entered. The mob was dispersed by the police. COLONEL SIDNEY D. MAXWELL was re-elected Superintendent of the Cincinnati Chamber of Commerce at its meeting on the 17th. E. COUSELBAUM, a dry goods peddler, was found murdered by the roadside near Albany, N. Y., on the afternoon of the 17th. THE anniversary of the surrender of Burgoyne was celebrated at Schuylerville, N. Y., on the 17th. A PASSENGER and freight train collided on the Rochester & Pittsburgh Road near Scottsville. N. Y. on the 17th. PORTRAIT of Oliver Wendell Holmes and bust of Dr. Bigelow were presented to the Harvard Medical School on the 17th. A REMARKABLE bed of iron ore is reported found in the northern part of Mianesota. It is asserted to be the most valuable on the continent. WM. S. GRAY, a farmer residing near Dover, N.J., attempted to murder his wife on the 17th, and, failing, robbed her of $12. He is still at large. THE Wall Street National Bank went out of existence on the 17th, and the Wall Street Bank took its place in New York the day following with a capital of $500,000. DIETRICH SUTHOFF, a German employed at Havemeyer's Sugar Refinery, at Williamsburgh, N. Y., was caught in the machinery on the 17th and reduced to pulp. FIVE United States vessels under command of Admiral Cooper, anchored off Newburgh, N. Y., on the 17th to participate in the peace centenniel celebration which occurred there on the 18th. THE French-American Claims Commission met in Washington on the 17th, and made an order requiring the submission of briefs on both sides in all cases undisposed of. THE bodies of North Carolina Confederate soldiers, recently exhumed at Arlington, Va., were on the 17th buried with impressive ceremonies at Raleigh* An address was made at the cemetery by Governor Jarvis. AT the meeting of the National Association of Wholesale Druggists in New York on the 17th, W. A. Gelatly, of New York,was elected President; Arthur Peter, of Louisville, Secretary; A. B. Nernoni, of Cincinnati, Treasurer; J. M. Strong, of


Article from Daily Republican, August 12, 1884

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Bank Defalcation. The Wall Street Bank, in New York, suspended on Monday, owing to the "defalcation" of its cashier, John P. Dickinson. His "shortage" is reported to be about $200,000, and he has fled. Another account says he has "not been guilty of any worse irregularity than carelessness in scrutinizing loans." It is believed the depositors will eventually be paid in full. In Saturday's statement the bank figured for $1,450,500 loans and discounts, $50,400 specie, $122,000 legal tenders and $1,133,300 deposits.


Article from Wheeling Register, August 12, 1884

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CLOSED ITS DOORS. The Wall Street Bank Suspends Business. THE CASHIER AT FAULT That Official Not Guilty of Anything But Carelessnessin the Transaction of Business. NEW YORK, August 11.-The morning Wall Street owing Bank closed its doors this It will reirregularities of its cashier. investigated. to closed until matters are Thomas W. main The President of the bank is P. Dickinson. and cashier John Broad street Evans, is situated at No. 14 and The bank State bank. When its last 1883, annual the is a was issued, September, $500,000; statement Paid up capital, $47,736 figures were: $65,197; undivided profits, states that surplus, President of the bank through The clearances Vice of the bank will The go capital the clearing house to-day. be swept the $200,000 will probably paid in stock of and depositors eventually will be be paid away likely 50 per cent. cashfull. them shortage by It is the end is stated of this to week. be debts. $200,000, The and ier's the bank has $50,000 of bad Examined. F. Simpson and O. J. Osborne, Saturday direc C. of the Wall Street Bank, on examtors and Sunday made a thorough all parnight and decided, in justice to this ties, ination, not to open the institution examination morn- 18 as The result of their call loans, ing. Deposits, $1,250,000; $350,000; $1,100,000; follows: good business paper, Dickinson $185,000. Cashier J. freely P. on insufcash, has been lendirg money too estimated the loss margins, and it is dolficient about two hundred thousand Clearwill be The bank was a debtor at which the has lars. House $28,000 this morning, depositors ing and it is estimated capital been will be paid, paid in full and part of the stock will remain. Paid in Full. Evans, of the Wall Street will Bank, be President afternoon says the depositors 's bank statement this paid in full. In Saturday for $1,504,500 los loans legal and the bank figured $122,000 tenders and all declare the suspension discounts, Bank $50,400 $1,133,300 officers specie, deposits. of the The cash Wall Street due to the irregutarities has not John since Friday night. he was ce ier, at is desk P. Dickinson, who that His excuse been illness. for his absence Saturday being It is not charged fined Dickinson at home by is guilty of any worse scrutinizing irreguthat than carelessness in loans. Several larity offered for entified st:eet firms are F. Timpson Wall the collateral among them closely C. Dickinson with & bank, Chaping & Co., and do not All these declare street is by the of their the Bros. Co., E. failure, S. but the they suspension. momentarily suffer The of ago by estab during 'ganized history expecting two to the years hear bank is regarding peculiar Wall street the It was men, or lishment of with a capital of ing all the old bank agitation stock clearing to do house, the $200,000. succeed clearing organizers proposed scheme fell through suspicion, and for the the street, institution but been the became regarded purely with broker had having weathered its but, bank. come to It be has recent regarded flurry as the it practically asked late storm, for and no safe ac During the at the clearing house, of its officers commodation frequently made boast strength. The Notice. the Following is the notice posted "Owing on to the bank this morning cashier, this of on the part of the not bank will irreguiarities doors remain This closed announcement until matters having was can be investigated. of the bank few collapsed it first became flocked signed. after spread The like fact wildfire, boys known and crowds a to minutes clerks and office after another of coming the the brokers, Mills the above building notice and and one the then, offices of read to dis the sidewalks in groups bank. excitedly down stood the stairs on failure the leading A man, broke wno said he cussing was a depositor in brokers the bank, who were standing and a group to the Mills into in the entrance of For heaven's sake, building gone? what A is the exclaimed the trouble? Is any Don't money know what's cashier trouble, is broker said to answered except here gone that to Dickenson, join Eno and the Henck ley in Canada. A State Bank. The Post says the Mechanics The Wall Banking street it originally but within the last two years and its sociation the National Bank Wall system Street doing adopted tional name was Bank, changed one of to the the objects exchange for business so Na build up stock conviction and to of the recent checks reprimand being In consequence of bank in accordance officers for with overcertifica of the the usual Na. custom, but in violation the tional bank, and has for some law. tion of Wall street bank law the bank abandoned time There been seems to have been members of the clear speculating National with under other the nothing State unusual balances in have its connection debits and even along of $30,000 to $80,000 per at ing run the houses. rate for Its a week or two Year just about Ago. day. the Over-Certification a While August 11 National tem, WASHINGTON, Bank was in the evidence of BYS the Wall Street autumn of 1883, discovered suits commenced bank. The bank then and over-certification in the the of checks against was some the of went Na the officers of liquidation under under tional into voluntary Bank act, and reorganized the New York State laws. West Virginia


Article from Sacramento Daily Record-Union, August 12, 1884

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to be $200,000, and the bank 50,000 of bad debts. C.F. Timson & Co. and J. Osborne, ectors of the Wall-street Bank, on Sa night and Sunday madea thorough mination of the institution and deci justice to all parties. not to open this morning. The result of t xamination is as follows Depo $1,250,000; call loan, $1,110,000; good b paper, $350,000; cash, $185,000. Cashier, J. P. Dickinson, has been lene noney too freely on insufficient mare is estimated that the loss will be al The bank was debtor at learance House $28,000 this morn vhich has been paid. It is estimated lepositors will be paid in full, and par he capital stock will remain. It is not charged that Dickinson guilty of any worse irregularities t arelessness. Several Wall street firms identified with the bank, am C. F. Timpson & Co., E. S. Chapi and Dickinson Bros. All of these that they will not suffer by the fail the street is momentarily expecting of suspensions. The bank has 1 regarded as practically safe. During flurry it asked no accommodation Clearing House, and its officers quently made boasts of its strength. Kiernan's agency reports: The V President states that the clearances of will go through the Clearing H o-day. The capital stock will probabl away. Depositors will eventu paid in full. It is likely that 50 will be paid them by the end of It is stated that D.O. Mills and Cha Osborne have decided to advance money to enable the bank to rest 0-morrow. NEW YORK, August 11th.-The Direc the Wall Street Bank held a long ses afternoon at the bank building. inv the books and accounts. Presio Evans said the condition of affairs are onfused, and it would be very doubtfi report or statement could be made everal days. The Directors refused anything whatever in regard to dis made. All disclosures thus far the failure is due to the abstraction cashier of collaterals lodged with as security for its call loan. Funeral of Another Greely Victim KALAMAZOO (Mich ), August 11th.emains of Sergeant Edward Israel, met logist of the Greely Arctic expedition this afternoon, and was met at by the city authorities, Hebrew German societies and a great concours Places of business were close to the deceased, who was a na Kalamazoo, and honored for his un brilliant talents. The funeral t at 4 o'clock from the residenc Israel's widowed mother. Ther sympathy here among all classe great affliction, which ends three y heavy-heart suspense. Commodore Garrison's California Ste NEW YORK. August 11th.-Garris ominal assets are placed at $17,697,928 and their actual value is estima 3,974,848. The following appear in of California stock $20,000 capital st San Francisco Steam Tug Comp: vorthless: capital stock in California Company, $81,000; capital stock Homstead Association, San Franci loubtful first mortgage bonds Oregon Land Grants Sinking Fund and cap tock Oregon Pacific, $97,500. Clearing-house Statements. BOSTON, August 11th.-The Post has compiled from special dispatches f nanagers of the leading Clearing-house United States, which gives the el for the week ended August 9th, \ percentage of decrease as compa with the corresponding week of 1883, to 724,371,993; decrease. 10-4. Myriads of Locusts. Sr. LOUIS. August 11th.-Late adv Vera Cruz, Mexico. say that myr locusts have appeared in that State, otwithstanding an immensequantity I killed, the greatest destruction has resulted. In Gucation and So Mexico 100 square miles of country overed with the pests, and corn and g other crops are utterly destroyed said that 1,000 families, dependent mall crops, will have to be supported Government during the next nonths. Shipwrecked Passengers. NEW YORK, August 11th.-Two hung passengers of the wrecked steamer terdam arrived here this morning. T the sailors helped themselves to ci wine, and did not seem to care for : Released from Prison. MILWAUKEE, August 11th.-A.S Fo ormerly a prominent citizen of La Cr for some time a partner of Bri Pomeroy in the publishing business, from the State Prison last ni Foote became a forger in 1880, and on of November of that year he was enced to the State Prison for five ye good behavior he shortened the one year and four months. Saratoga Races. SARATOGA, August 11th.-The mile fellowplay won, Richard L. second, J Henry third. Time, 1:441. In the mile half race Euclid won, Nettle second, third. Time, 2:401. The mile al heat Pilot won, Krupp Gun seco Lady Lyon third. Time, 1:54. The th juarters of & mile race Meteor won, Zan econd, Peter L. third. Time, 1:171. Chicago Races. CHICAGO, August 11th.-At the Drive races, for all ages, one and one-eig Bonnie Australian won. Ballard Thady third. Time, 1:54}. The mile race La Belle N. won, Cen second Idle Pat third Time 1:43


Article from National Republican, August 12, 1884

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THE MARKETS. A Bank Suspension Causes a Decline in StocksThe Tumble Checked, but the Market Closes Weak-What is Said by Financiers. NEW YORK, Aug. 11.-The market opened feverish over the suspension of the Wall Street bank, and the declines extended to 1ª/4 for New York Central and the Vanderbilts. Other active stocks were 1 and ½ lower than at Saturday's closing. Sustaining orders soon poured in, the market rallied, and the losses recovered all within the first fifteen minutes. When the market grew steady it immediately dulled, the bulls being content to hold the market from breaking and the bears disinclined to sell short until the real status of the bank's failure became known. There was very little trading, with fractional declines from the opening figures between noon and 2:15. Soon after delivcry hour the bears began to drive at the entire list, and prices broke 1/2 and 11/2. At 2:30 the bulls rallied and tried to force a better closing tone, but the weakness in the Vanderbilts made this difficult, and the closing was weak, with plenty of offers to sell at the declines. Bonds inactive, fractionally lower. Sterling exchange dull and unchanged. Money 2to 1, closing at 1. The Gould following is doing very little. It is not believed on the board that certain specialties were being marked up by clique brokers in order to facilitate the selling of long stock. Sloan, president of Delaware, Lackawanna and Western, says all coal roads have agreed to stop mining coal during the first week of September. This will strengthen the market, and Mr. Sloan considers the outlook for business reassuring and feels that there will be perfect harmony among the coal roads and no cutting of rates. Mr. C. F. Timpson says, relative to closing of Wall Street bank: The trouble arises from the cashier loaning money freely on insufficient securities, and securities which now have very little market value. I was one of the committee appointed to examine into the condition of the bank's affairs, insisted that, in view of the circumstances, an account should be rendered, pending which the bank has closed its doors. So far as rumors concern this house (C. F. Timpson & Co.) I can emphatically say that the bank, outside of the small insignificant deposit, does not owe us a single dollar. The banks depositors will be paid in full, and the bank will be able to straighten out its affairs." Some importance is attached to the fact that the new certificates of stock of Union Pacific Railroad company in name of John Bloodgood & Co. and other prominent houses are on the street. John Bloodgood says the reason of the new stock being delivered is that since the Scovill irregularities it has been deemed advisable by his firm to have transferred to its name any and all securities purchased by them. Consequently the delivery of new certificates has no importance attached. Other conservative houses offer a like explanation. Quotations of Monday's Stock Sales. The following have been furnished by Bateman & Co., bankers, 1411 F street, being the most active stocks in the New York exchange: Op'g. High. Low. Clarg. Sales.


Article from Richmond Dispatch, August 12, 1884

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4 CASHIER'S SHORTAGE Causes the Wall-Street Bank of New York to Close. [By telegraph to the Dispatch.] NEW YORK, August 11.-The Wall-Street Bank has just closed its doors, owing to irregularities on the part of its cashier. The bank will remain closed until the matters are investigated. The president is Thomas W. Evans and the cashier is John P. Dickinson. The bank is situated at No. 15 Broad street, and is a State bank. When its last annual statement was issued, in September. 1883, the figures were: Paid up capital, $500,000; surplus, $165,197; undivided profits, $47,736. Kiernan's Financial Agency reports: The vice-president of the Wall-Street Bank states that the clearances of the bank will go through the Clearing-House to-day. The capital stock of the bank, amounting to $200,000, will probably be swept away. The depositors will eventually be paid in full. It is likely that 50 per cent. will be paid them by the end of the week. It IS stated that the eashier's shortage amounts to $200,000, and that the bank had $50,000 in bad debts. C.F. Timpson and C. J. Osborn, directors of the Wall-Street Bank, Saturday night and Sunday made a thorough examination of its affairs, and decided, in justice to all parties. not to open the institution this morning. The result of their examination was in round figures as follows Deposits, $1,250,000; call loans, $1,100,000; good business paper, $350,000; cash on hand, 185,000. Cashier J. P. Dickinson has been lending money too freely on insufficient margins, and it is estimated that the loss, therefore, will be somewhere in the neighborhood of $200,000. The bank was debtor at the Clearing-Ho $28,000 this morning. which has bec paid. It is estimated that the depositors will be paid in full, and that 3 part of the capital stock will remain. WASHINGTON. August 11.-The Comptroller of the Currency received a telegram to-day informing him that the Wall-Street Bank of New York had closed its doors, but that all its clearings were paid, and there was no excitement. It 18 learned at the Treasury that in September. 1883, the Bank Examiner in New York found evidence of ove:-certification of checks on the part of the officers of the bank. The evidence was laid before the Secretary of the Treasury, and by him referred to the Attorney-General. The result was that the teller of the bank was indicted for violation of the bank laws. Efforts were also being made to indiet other officers of the bank when the bank went into voluntary liquidation, and soon after reörganized under the laws of the State of New York. Its suspension, therefore, calls for no action on the part of the national authorities.


Article from Fort Worth Daily Gazette, August 12, 1884

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THE BUSINESS WORLD. A Flutter Caused by the Suspension of the Wall Street National Bank. Irregularities of the Cashier, J. P. Diokinson, Assigned as the Cause. A Meeting of the Directors, Concerning Which Nothing Can Be Learned --Rumors. THE WALL STREET BANK CLOSED. NEW YORK, Aug. 11.-The Wall Street bank closed its doors this morning, owing to the irregularities of its cashier. The bank will remain closed until all matters can be investigrted. The president is Thomas W. Evans; cashier, J. P. Dickinson. The bank issituated at 15 Broadway street. The cashier's shortage is stated to be $200,000, and the bank has $50,000 worth of bad debts and is a state bank. When the last annual statement was issued in September, 1888, the figures were: Paid up capital, $500,000; surplus, $65,197; united profit, $47,736. Kerkan's agency reports that the vicepresident states that the clearances of the bank will go through the clearing-house to-day. Depositors will eventually be paid in full. It is likely that 50 per cent. will be paid them by the end of the week. THE HISTORY OF THE BANK. NEW YORK, Aug. 11. -The Wall Street bank officers declare that the suspension is due to irregularities of the cashier, Jno. P. Dickinson, who has not been at his desk since Friday night. The excuse for his absence Saturday Was that he was confined to his home by illness. It is not charged that Dickinson 14 guilty of any worse irregularity than carelessness in scrutinizing the collateral offered for loans. Several Wall street firms are closely identified with the bank. them F. C. Among Timpson & Co., E. S. Chapin & Co., and Dickinsen Bros. All these declare that they will not suffer by the failure, but the street is momentarily expecting to hear of some suspension. The history of the bank is peculiar. It was organized two years ago by Wall street men during the agitation regarding the establishment of the stock clearing house, succeeding an old bank with 16 capital stock of $200,000. The organizers proposed to do the clearing for the street, but the scheme fell through and the institution became purely a broke rs bank. It has been regarded with suspicion, but having weathered the late storm it had come to be regarded practically safe, During the recent flurry it asked for no accommodation at the clearing house and its officers frequently made a boast of its strength. CARELESSNESS OF THE CASHIER. NEW YORK, Aug. 11.-C. J. Osborne and the directors of the Wall Street bank Saturday night and Sunday made a thorough examination to and decided in justice all parties not to open the institution this morning. The result of their examination is as follows: Deposits, $1,250,000; call loans, $1,100,000; good business paper, $350.0 cash, $185,000. Cashier J. P. Dickinson has been lending money too freely on insufficient margin. It is estimated that the loss will be about $200,000. The bank was debtor at the clearing house to the extent of $28,000 this morning, which has been paid. It is estimated that depositors will be paid in full, and that part of the capital stock will remain. WHAT THE POST SAYS. NEW YORK, Aug. 11.-The Post says The Wall Street bank was originally a mechanic's banking association, but within the last two weeks it adopted the national bank system, and the name was changed to the Wall Street National bank, one of the objects being to build up a stock exchange business. In consequence of the recent conviction and reprimand of bank officers for over-certification of checks in their accounts with the usual Wall street custom, but in violation of the national bank law, the bankabandoned the national bank system and has for some time been in speculation under the state law. There seems to be nothing unusual in its connections with theother members of the clearing house. Its debts and balances have run along for a week or two just about even at the rate of from $30,000 to $80,000 per day. THE COMPTROLLER INFORMED. ASHINGTON, Aug. 11.-The comptroller of the currency received a telegram to-day informing him that the Wall street bank of New York had closed its doors, but that all its clearings were paid, and that there was no excitement. It is learned at the treasury department that in September, 1883, the bank examiner in New York found evidence of an over certification of of ohecks on the part an officer of the bank. The evidence was laid before the secretary of the treasury and by him referred to the attorney-general. The result was that the teller of the bank was indicted for a violation of the bank law. Efforts were also being made to Indict other officers of the bank when the bank went into voluntary liquidation and soon after was reorganized under the laws of the state of New York. Its suspension, there fore, calls for no action on the part of the national authorities. FUNDS FURNISHED. NEW YORK, Aug. 11.-It is stated that Mr. D. O. Mills and Mr. Charles J. Osborne have decided to advance sufficient money to enable the Wall Street bank to resume to-morrow. Charles J. Osborne is one of the directors and states that the loes to the bank cannot exceed the capital of $500,000 and that it is not likely to be so great and that depositors will not have to submit to any delay in getting their money. There is no reason why 50 per cent. cannot be paid out at once.


Article from Evening Star, August 13, 1884

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The Wall Street Bank Failure. THE DEPOSITORS WILL NOT LOSE. NEW YORK, August Kiernan's agency says: The bank examiner and other officials of the Wall Street bank Say that there are no new facts this morning. The bookkeepers have not got to work yet, bat there is every reason to suppose that the early reports concerning the bank's losses are correci. Depositors will lose nothing, and stockholders will be partly protected. There will be a meeting of directors some time to-day, and probably a statement will be issued. The only business to be transacted at to-day's clearing house meeting will be to ratity the suspension from the association of the Wall Street bank, as recommended by their committee on the 11th instant. DICKINSON IN CANADA. President Evans, or the Wall street bank, said this morning that the state bank examiners were still busy at work endeavoring to sum up the amount of loss the bank had sustained. Some of the statements published in regard to the amount lost by Dickinson, and the manner in which he lost it, Mr. Evans said, were True, and others were not. He said also that from what he had seen in the newspapers there was no doubt but that DickinSOB was now in Canada. All excitement in regard to the suspending of the bank has now died out, and the doors leading to it are deserted. RECEIVER APPOINTED C. J. Osborn has been agreed upon as the receiver of the Wall Street Bank.


Article from Daily Kennebec Journal, August 14, 1884

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ALL STREET BANK. The Directors Express a Hope of Being Able to Liquidate Without the Appointment of a Receiver. NEW YORK, Aug. 13. The Clearing House Association will meet today to ratify the action of the sub-committee which suspended Wall Street Ban! from the association. The bank examiners and the officials of the bank say that no new facts have been reached. Assurances are reiterated that the depositors will lose nothing and that the stockholders will be partially protected. The directors are expected to make a formal statement of the condition of affairs, today. All outstanding loans of the bank were called in this morning and $200,000 had been collected up to noon. The directors now express a hope, not shared elsewhere, of being able to liquidate without the appointment of a receiver. A late announcement is to the effect that the directors hope to pay the depositors 50 per cent. by Saturday and 25 per cent. more next week.


Article from The Democratic Leader, August 14, 1884

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WIRE WHISPERS. Dumont, the archeologist, is dead. at Paris. Blaine spoke again yesterday at Bangor, Me. The bankers of the United States and Canada are in session at Saratoga. The reported pleuro pneumonia from near Cyicago had no foundation in fact. Pleuro-pneumonia discovered at BlissN. Y., and Ephrata, Pa. Four cases only. The Duke of Wellington dropped dead at Brighton, yesterday, while entering the train to London. A million and a quarter dollars arrived in New York yesterday, from England, in British gold bars. The Congress at Versailles adopted the entire bill for the revision of the constitution by a vote of 509 to 172. The Greely party survivors will be sufficiently acclimated by Saturday next to proceed to their respective homes. Two more regiments of marine and three more ironclads are being put in readiness in Paris for use in China. Four hundred delegates were present at the National Land League Convention which was held in Boston yesterday. Excitement over the suspension of the Wall Street Bank is dying out. No report of its condition has yet been reached. The Missouri State Convention, at Jefferson City, met this morning and continued the nomination of the State ticket as follows: For Lieutenant Governor A. P. Moorehouse. The National Assoeiation of ex-Union Prisoners of War, met at Detroit yesterday. President S. C. Shanlon called the meeting to order. Strikers and non-unionists at Cribben & Sexton's stove foundry in Chicago had a riot yesterday. Twenty shots were fired, several wounded and one killed. W. H. Bailey, the prosecuting lawyer in the brewer trials at Iowa City, Ia., was tarred and feathered by a mob yesterday. Great excitment, and riot feared. f Measures are being taken in New York to place a monument over the grave of General James Shields, the hero of three wars and Senator of the United States, at 8 different times, from three States. 8 d In a fire on Beach street, Boston, yesterday, $7,000 in damage was done and r Joseph Pierce and James Quigley, firemen, crushed under falling walls and n burned to a crisp. e General R. A. Alger was nominated for g Governor of Michigan by the Republicans, y yesterday, and Archibald Butler for Lieun tenant Governor. The remainder of S the ticket is composed of the present office holders. e The Geogia Democratic Convention y yesterday nominated the present Govis ernor, H. D. McDaniel, for Governor, N. 0. Barnes for Secretary of State, W. A. ot Wright for Comptroller and R. A. Harder man for Treasurer. The platform ene dorses Cleveland and Hendricks. n ir WANTED-A good tailor. Inquire of Charles Stabler, "The Tailor.' es


Article from The Daily Enterprise, August 15, 1884

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# THE LATEST NEWS. A million and a quarter of gold arrived in New York from England on Wednesday. The Duke of Wellington dropped dead at Brighton, England, while entering the train. It is reported that pleuro-pneumonia has broken out in a herd of cattle near Chicago. About 700 delegates are attending the convention of the Irish National League in Boston. There were 40 deaths of cholera in two days at Les Omergues, a hamlet in the department of Basses, Alps, France. Dickinson, the cashier of the insolvent Wall Street bank, has escaped to Canada. C. J. Osborn has been appointed receiver. Persons claiming relationship to Private Henry of the Greely expedition want his body exhumed to see if he was eaten after being shot. Texas fever has appeared in Pottowattamie, Morris, Wilson, and Johnson counties, Kansas, making eight places in all in the state where the disease exists. The American Bankers' association met on Wednesday at Chicago in annual convention. Their chief work seems to have been to make speeches and pass resolutions condemning the coinage of standard silver dollars. The striking workmen in Chicago followed and attacked a party of non-union men as the latter quit work. The strikers fired rocks at the others and a few pistol shots The non union men then turned and fired a volley which killed one of the strikers instantly. The German Admiralty has authorized German fishermen in the North sea to use firearms should the English fishermen molest them. The coast guard flotilla is directed to keep a special watch over the English boats invading the German fisheries and seize them and bring their crews before the proper tribunal At Iowa City, Iowa, on the night of the 13th, a gang of roughs, partly from the town and partly from the outside, maddened with drink and incensed by the trial of two brewers for violating the prohibition law, attacked W. H. Bayley, the prosecuting lawyer, tarred him, nearly killed the prosecuting witness, Swafford, and held high riot in the streets through the evening, the police and the sheriff being powerless to oppose them. A special from Portsmouth, N. H., says: Early this morning Col. Kent obtained an interview with Greely, who admitted he had Henry shot. The military execution took place on the 6th of June. As early as March it was suspected that Henry was stealing the limited food which was apportioned out to the survivors, and this fact being finally and positively ascertained, Lieut. Greely had thereafter hard work to protect the man's life. It became necessary in order to keep up discipline to inform Henry that he would be shot if the practice was continued, and that a similar fate would be meted out to any other member of the the party detected in a like crime. If Henry had been permitted to continue his stealing unmolested, the balance of the party would surely have starved to death and Henry alone survived. After, and in spite of these warnings, Henry was again detected stealing provisions, among the food taken being two pounds of bacon, the eating of so much of which made him sick, and search was then instituted. When found, Henry had, among other articles, stolen and secreted a pair of seal skin boots which had belonged to a hunter of the party. Lieut. Greely was therefore forced, to preserve military discipline and protect the lives of his other comrades, to issue a written order that Henry be shot, which order was carried into effect June 6th. As to the alleged cannibalism, Greely says if there was anything of the kind it must have been an individual act and not general. Nothing of the kind, however, came under his personal observation. Sergt. Brainerd con- i P I 1 e t


Article from The New North-West, August 15, 1884

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THE Wall Street Bank suspended Monday. The cashier got rid of some $200,000 of the banks money by lending it to stock operators on insufficient margins. It is stated D. O. Mills and Chas. J. Osborne decided to advance sufficient money to enable the bank to resume, and depositors will be able to get their money. The examination showed the following: Deposits, $1,250,000; call loans, $1,100,000; good paper, $350,000; cash, $185,000.


Article from Burlington Weekly Free Press, August 15, 1884

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THE WALL STREET BANK FAILS. Its Suspension Caused by the Irregularities of the Cashier, John P. Dickenson-Depositors will be Paid in Full. NEW YORK. Aug. 11.-The Wall Street bank has closed its doors, owing to irreguarities of the cashier. The bank will remain closed until mattersare investigated. The president is Thomas W. Evans, and the cashier John P. Dickinson. It is a State bank. When the last annual statement was issued in September, 1883. it had capital of $500.000 a surplus of $65,000. and undivided profits amounting to 847.The capital stock will probably be swept away. The depositors will eventually be paid in full. Fifty per cent will be paid them by the end of this week. It is stated the cashier's shortage amounts to $200,000, and that the bank has $50,000 in bad debts. Soon after the announcement of the suspension a great crowd gathered around the bank, but nobody was able to inside. Policemen had to be placed on guard. The last statement published showed the bank to have a surplus of $100,000. with deposits of $1,000,000. It was originally called the Mechanics Banking association and was founded in 1838. It is what is known as a broker's bank. its chief transactions being loaning money on stocks. The effect of the suspension on the New York stock market was small. and at a late hour prices were on the advance. Henry Clews said that Chas J. Osborn, who is worth several million dollars, and a director in the Wall street bank. had expressed a willingness to help the bank in its present emergency. A rumor prevailed that the deficiency would reach $250,000, and Dickinson had been in the habit of charging on the books for larger loans than he actually made. and pocketing the difference. The latter. however, did not receive general credence. .T. P. Dickinson is 38 years old and is a son-inlaw of Chas. F. Simpson. vice-president of the Wall street bank. The bank has been regarded as shaky for some time past and depositors had been withdrawing their accounts from it. At theclearing house the bank had liquidatedall itsdebts and its accounts were even. Rumors of the failureof other firms closely connected with the bank could not be verified. The directors of the Wall Street bank held a long session this afternoon for the investigating of the books and accounts. President Evans said its affairs were found to be in a most disordered condition. and it would be very doubtful if a report or statement could be made for several days. All the directors were reticent and refused to say anything whatever in regard to discoveries they had made. The executive committee of the clearing house met this afternoon and formally declared the bank's suspension. The amount of the bank's indébtedness at the clearing house this morning was $28,000 which was paid. Bank Superintendent Paine has made a report of thecondition of the bank. in which he savs, since 1865 it has been regarded as a broken bank' Other Business Troubles. Resin A. Wight this afternoon filed his assignment giving a preference of $127,to Elizabeth S. Kelley for moneys received from and for stocks and securities belonging to her, and loaned to him, upon which as collateral he had borrowed sums of money, now outstanding. Receiver Lamb of the Harrison bank of Indianapolis, Ind., filed a partial report this morning. He finds as assets $138,000 of which $31,000 is available. The liabilities will exceed $500,000. ANOTHER DEMOCRATIC LIE NAILED. Gen. A. M. West will by no Means Support Cleveland. NEW YORK, Aug. 11.-The following telegrams passed to-day between the seeretary of the National committee of the National party and the party's candidate for the Vice-Presidency: NEW YORK, Aug. 11. Gen. A. M. West, Holy Springs, Miss. The managers of the National Democratic headquarters are claiming they have advices from you to the effect that you will support Cleveland. Nail the lie. B. W. TERLINDE. (Signed) Mr. West's reply was as follows: HOLLY SPRINGS, Miss., Aug. 11. B. W. Terlinde, New York The claim false. I have had no correspondence whatever with the Democratic headquar-


Article from The Times, August 15, 1884

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strikers who left the roundry four months ago. At noon, Monday, one of the new workmen was attacked and left insensible in the street by a party of twenty persons. After further troubles, the firm took out permits for their employes to carry revolvers. It is probable that the window-glass factoriesat Pittsburg, Pa., will extend the usual period of suspension (two months) this year. They had agreed to open the 1st of September, but prices are so low that it is deemed advisable not to begin operations until the middle of September or the 1st of October. The tableware factories will resume Monday and the bottle factories September 1. In the county court at Chicago, a handsome young woman named Fannie M. Parmarton was examined to determine if she be of sound mind. The complainant was her father, a retired dry goods merchant of Louisville, named Mather, who alleged that she was engaged to a Palmer house porter for third husband. The defendent claimed to be the victim of a conspiricy formed to keep her from receiving a share of her mother's estate. Republican congressional nominations Thursday included Col. D. B. Henderson for the Third Iowa district, General Charles E. Brown in the Second Ohio, Major John O. Cravens in the Fourth Ohio, Hon. Benjamin Butterworth in the First Ohio, and W. H. Weller in the Fifth South Carolina. The democrats placed in the field Hon. C. E. Bayle in the Twenty-first Pennsylvania district, C. M. Anderson in the Fourth Ohio, and J. Randolph Tucker in the Tenth Virginia. Five thousand veterans of the union and confederate armies are encamped at Dallas, Texas. A special train was tendered to Jefferson Davis, who contented himself with a lengthy letter, his wife accompanying it with a statement that the physical condition of the ex-president prevented him from meeting his former comrades. Mr. Davis complains that the veterans of the war with Mexico have been the subject of special discrimination. The Wall Street bank of New York kept its doors closed Monday, on account of the loss of $200,000 or more through loanso insufficient collaterals, for which Cashier Dickinson is blamed. It recently stepped out of the national bank system. The teller has for some time been under indictment for the overcertification of checks. The concern holds ,250,000 in deposits. It is 'f Charles pure Wills 'O '(I that pies Osborn have advanced sufficient money to enable the bank to resume business. The funeral of Lieut. Kislingbury, Sunday, at Rochester, N. Y., of Greely fame, was very impressive. There was an immense procession of military and civic organizations to Mount Hope cemetery. The funeral of Sergt. David Lynn, of the 2d United States cavalry and a member of the Greely aretic exploring expedition, took place Sunday afternoon from the residence of his mother at Philadelphia. After the services in the house the body was taken to Mount Moriah cemetery, where the interment took place. The services at the cemetery comprised simply a prayer and a military salute. Many posts of the Grand Army of the Republic accompanied the body to the cemetery. The announcement that the immense iron works of Brown, Bonnell & Co., at Youngstown, Ohio, would resume work, double turn, on Monday, caused great satisfaction. A steady run of three months is already assured, and there is every prospect of a permanency. The starting of the mills gave color to the rumor that Herbert Ayer will reassume control. Ayer is now in London. Before leaving for Europe he transferred his interest here to Henry Crawford, his attorney. The hearing of the suit to dissolve the corporation of Brown, Bonnell & Co., comes up next week, and a bitter and longcontinued legal battle is certain. Paul Wick, a banker, and one of the leading creditors, said: Ayer cannot regain control of the Brown, Bonnell & Co, works except by lifting indebtedness of over $1,000,000. This I am certain he is in no position to do. A severe shock of earthquake was felt along the Atlantic coast Sunday, a little after 2 p. m., extending from Philadelphia to Portland, Me., and as far inland as Cleveland. The shock lasted about ten seconds and caused very serious alarm, particularly in New York City. No serious damage was done, though houses were badly shaken and some ceilings were cracked. The people in the tenement-house districts were almost frightened out of their wits, children screamed, women fainted, and prayers and imprecations were mingled. Before the shock heavy, dark rain-clouds appeared in the sky, and there was a rush of wind such as usually precedes a heavy rainfall. It was some hours before the people got over their fright. Many nervous persons were prostrated by the occurrance. A second shock was felt at several places. On Monday another shock of earthquake was felt in the villages along the south side of Long Island. It was not as heavy as that of Sunday. The court house at Far Rockaway shook for several seconds. Crockery on the hotel tables rattled, and some fell over. The shock was felt about 12:30. A few minutes later the big hotel on Rockaway beach was shaken,


Article from Sacramento Daily Record-Union, August 16, 1884

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WHOLE NO. 10,402. found a chart and a check-book on the Bank of California, both signed by DeLong; a pair of oiled trowsers of Louis Naros, and a bearskin which covered something of the size and shape of a human corpse, but the Esquimaux could not remove the skin to ascertain what was underneath. A Bare-Knnekle Fight. PITTSBURG, August 15th.-Eli George and Buck Gehrhart, well-known local pugilists, engaged in a bare-knuckle prize-fight in Lawrenceville last night for a purse of $700. The fight took place in a tenement house and was won by Gehrhart in twenty-seven rounds. Both men were terribly punished. George was SO weak that he was unable to leave the room. Will Withdraw. ST. Louis (Mo.), August 15th.-The Texas and Pacific Railroad has notified the Transcontinental Association that it will withdraw from the Association in ninety days from July 31st. This action, together with the withdrawal of the Atlantic and Pacific some time ago, will probably be discussed at the meeting of the Association to be held at Saratoga, September 2d, and the opinion prevails that the Association will be dissolved. A Family Poisoned. CHARLESTON (W. Va.); August 15th.While the family of Julian Dickinson were away from the house on a visit, a colored female servant placed a quantity of arsenic in the crock of milk in the spring-house, On returning home, the family, together with a neighbor named Mills, and a boy, drank the milk, and soon after were taken sick The servant was arrested. Tendered a Banquet. SPRINGFIELD (III.), August 15th.-The members of the bar of the Fifth Judicial District of Illinois to-night tendered a banquet to Hon. Chas. S. Zane, of this city, the newly-appointed Chief Justice of Utah. Senator Cullom, General John M. Palmer, Hon. Bluford Wilson and others were toast masters. Failures. NEW YORK, August 15th. - Failures throughout the country for seven days, as reported by R. G. Dun & Co., number in the United States 202, in Canada 17. a total of 220, against 232 last week, showing a decrease of 12. The casualties are still heavy in the Pacific States. Other sections of the country are about up to the average, and light in Canada. The Bricklayers Successful. NEW YORK, August 15th.-Reports have been sent abroad respecting the progress of the bricklayers' strike. Your reporter learned this morning from good authority that the brick layers have virtually succeeded, and only a small number remain unemployed. Two large contractors succumbed to-day and yesterday. Will Not be a Candidate for Re-election. PHILADELPHIA, August 15th.-Chairman Cooper, of the Republican StateCommittee, says Senator J. Donald Cameron will not be a candidate for re-election. Petition for a Receiver. NEW YORK, August 15th.-The leading depositors in the Wall-street Bank petition the Court to-day to appoint a Receiver. Governor of the Choctaws. FORT SMITH. August 15th.-According to the returns from the Choctaw Nation Edward McCurtains, brother of the present incumbent, is elected Governor of the Choctaws by a majority of over 200.


Article from Eureka Daily Sentinel, August 20, 1884

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he will maintain his rights and stay. The bodies were shipped last night to Salt Lake. Appearance of Yellow Fever. CHICAGO, Aug. 19.-A special dispatch from Hermosillo, Mexico, says: Yellow fever has made its appearance here, and in several other places within the State of Sonora. Sixteen deaths at Hermosillo have been reported since the first knowledge of the fever was made public. The authorities are attempting to suppress all information regarding the extent of the fever. A number of deaths are known to have occurred at other cities. Many peo. ple are down with the fever. The most alarming circumstance in connection with the outbreak is the fact that the fever cannot be traced to Guaymas, nor any other port of the Gulf of California, showing that the germs of the disease have remained dormant since last year. Itis possible that the fever was communicated to Oritz from Guaymas, but at the other points mentioned its origin is said by old physicians to be germinal, and unless some governmental measure is taken, the physicians believe the epidemic will return annually with such increased violence as will render the country uninhabitable in after years. Consabins Marmul, & regular army officer stationed here, was one of the first victims of the fever. Michigan Greenbackers. DETROIT, Aug. 19.-Last night the Greenbacker State Central Committee met at the Russell House. Nothing special of importance was done but a majority of the committee favor & fusion with the AntiMonopolists. The convention met at 11 this morning. Committees on Credentals, Permanent Organization and Resolut ons, were appointed. Metz Todd of California offered resolutions on anti-monopoly, which were referred to & committee. After discussion the convention then adjourned till this afternoon. They will probably unite with the Greenbackers, who meet this afternoon. Less on the Dead and More on the Living. NEW YORK, Aug. 19.-At the session of the State Grand Lodge of Odd Fellows to-day, the Grand Master recommended that funerals be at night. He said less money ought to be spent on the dead and more on the living; that the Order of Rebekab have attention; that fellowship is decreasing in this city so rapidly that it is almost unknown in polite society. He recommends changing the meeting places of some of the Lodges from tenement houses and saloons. The Flag Still Floats. PITTSBURG, Aug. 19.-The differences between the Austrian Consul, Max Schamberg, and Chief of Police Brann, have not yet been adjusted, and there is every prospect of the affair assuming proportions which will necessitate the intervention of Secretary Frelinghuysen and Baron Ignats Von Schaffer, Austro- Hungarian Minister to the United States. Schamberg refuses to recognize the authority of Brann in ordering the Austrian flag taken down, and says that if the latter forces suit he will appeal to the Secretary of State. He considers it an insult to the flag, and is very indignant. Restraining Order. NEW YORK, Aug. 19.-Upon complaint of Stellis T. Paine and William F. Post, suit was brought to-day against the Wall Street Bank, to have the corporation dissolved, its franehises forfeited, and for the appointment of & Receiver. Judge Bartlett, in Supreme Court Chambers, granted & temporary injunction, restraining the bank or its officers from disposing of any of its property. A Half-Eaten Corpse. CHICAGO. Aug. 19.-The news from Delphi, Indiana, is that the body of private Whistler, of the Greeley party, was exeumed this morning in the presence of his relatives, at the family cemetery in this county. His identity was fully established, the face and neck were well preserved, but the flesh was all cut off from the back and the limbs. The stomach contained only & small amount of hair and mossy stuff. Failure of $300,000. PITTSBURG, Aug. 19.-A meeting of the creditors of Joseph A. Stone & Co., large coal operators, has been arranged and will be held in a few days, when it is thought an extension will be asked for and will be granted. The liabilities are in the neighborhood of $300,000 and the assets are estimated at over $500,000. The embarrassment was caused by the general depression in the coal trade. Also His Wife and Children. MINNEAPOLIS, Aug. 19.-A. D. Sly, who robbed the American Express Company of $1,000 in February last, while employed as a driver of & delivery wagon at St. Joseph, Mo., was arrested here to-day. He confessed the theft, but says the money is all gone, also his wife and two children. Wall Street Bank. NEW YORK, Aug. 19.-Bank Supt. Paine reports the condition of the Wall Street Bank to be as follows: Assets, actual value, $1,120,550; liabilities, $1,606,028; deficiency, $485,474. On this report the Attorney General began suit. Mr. Arthur Attending to Private Business. NEW YORK, Aug. 19.-President Arthur is at the Fifth Avenue Hotel, unaccompanied by any one. He is engaged in attending to his private business. He leaves for Newport to attend the naval review in


Article from The Austin Weekly Statesman, August 21, 1884

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BANK FAILURE. NEW YORK, August 11.-A Wall eet bank closed its doors this mornowing to irregularities of its ; hier. It will remain closed until matters are investigated, The sident is Thomas W. Evans; cash: John P. Dickinson. The bank is is uated at No. 15 Broad street, and tate bank. When the last annual tement was issued, Septemb Γ 1, 4. the figures were: Paid up cap1, $500,000; surplus, $65,197; undied profits, $47,736. Kiernan's agency reports the vice- e sident states the clearances of t k will go through the clearing ise to-day. The capital stock, 0,000, will probably be swept away. positors will eventually be paid in be It is likely fifty per cent will d them by the end of this week. he cashier's shortage is stated to $200,000, and the bank has $50,000 debts. . J. Osborne, director of the Wall et bank, Saturday night and Sunmade a thorough examination, decided, in justice to all parties, to open the institution this mornThe result of the examination $ as follows: Deposits, $125,000; loans, $110,000; good bankable $350,000; cash, $185,000. been The er, hier, J. D. Dickerson, has ling money too freely on insufli- loss it margin. The estimated be about $200,000. The bank for was ebtor at the clearing house 000 this morning, which has been will It is estimated depositors i. aid in full and part of the capital officers k will remain. The are the suspension due to irreguies of the cashier, John P. Dickerwho has not been at his for desk e Friday night. The excuse absence Saturday, being he was ined to his home by illness. It is charged that Dickerson is care- guilty worse irregularity than ny ess in scrutinizing collateral red for loans. veral street firms have closed were identified with the E. bank: them C. F. Timpson & Co., Bros ng hapin & Co. and Dickinson will of them declare they a suffer by the failure, 0 the street is nominally expecting 0 ear of this suspension. e history of the two bank is years ago peculiar. by as street men, organized during the of agitation a 1 rding the establishment an clearing-house, suceeeding S s ank, with a capital of $200,000. organizers proposed to do fell clearing T the street, but the scheme t ugh and the institution been became e ly a brokers bank. It had \ rded with suspicion, but having t hered the late storm, had Dur- come Z ) regarded practically safe. no te the recent flurry, it asked for II mmodation at the clearing-house, in its officers frequently made a n t of its strength. f EW YORK, August 11.,-The Post V the bank was originally a clearc and banking association, but p in the last two weeks it adopted to national bank system, and the S1 was changed to the Wall in Street to e onal bank. One of the objects ging being to build up the stock of h business. In cosequence L ange ecent conviction and reprimand W e bank's officers for over the certificaer of checks, in accordance with vio1 Wall street customs, but in fo n of the national bank law, the en abandoned the national banking er and has, for some time, been fir m, alating under the state in lew. a seems to be nothing unusual of th e onnection with other matters ti learing house; its debts and balB 3 have run along for a week or of SI just about even, at the rate th $30,000 to $80,000 per day. CO AUSES OF THE SUSPENSION. W 0 directors of the suspended Wall t e bank held a long session this ing at the bank building, investibanks and accounts. President Sp is g said the and it condition was of doubt- affairs al : very confused statement could be made for bi al any days. The directors refused to to S anything whatever in regard has al discoveries made. All that L disclosed thus far, is that the N is due to abstractions, by the the an re er, of collaterals lodged with L , as securities for its call loans. J RECEIVER LAMB'S REPORT. ta DIANAPOLIS, August 11. Rech Lamb, 01 the late Harrison's fr r filed a partial report this mornat , and finds the assets to be $138,000, and h hich $31,000 are available, not se if no offsets. He has fo only luded the schedule exceed of $500,000. liabilities,


Article from New-York Tribune, August 26, 1884

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W. J. U HIS EFFORTS TO SATISFY CREDITORS. WHAT FOLLOWED THE FAILURE OF THE WALL STREET BANK-COMPELLED TO MAKE GOOD A DEFICIENCY. William J. Hutchinson was expelled from the Stock Exchange two years ago for alleged fraud in his dealings with his principal customer, John R. Duff, of Boston, who had engineered a "corner in Hannibal and St. Joseph common stock through the stock-brokerage firm of Kennedy, Hutchinson Co. Mr. Hutchinson was the real head of the house. After his expulsion little was heard of him in Wall Street until the recent failure of the Wall Street Bank, of which he was a director. He had began an action in the courts for reinstatement in the Exchange, and it was known also that he was at times a heavy speculator in stocks. Immediately after the failure of the bank rumors about his liabilities to it recalled attention to him. It has been reported recently that he was the real cause of the failure. and had improperly acquired a large amount of securities belonging to the bank. Last week Mr. Hutchinson went to the White Mountains, but he returned to New-York with his family on Sunday night. He was at the Wall Street Bank yesterday, and for a long time was in consultation with several of his associate directors and with friends who called there to see him. His family went to his country house Seabright. N. J.It understood that before he went to the White Mountains Mr. Hitchinson paid the greater part of his indebtedness to the bank. He still owes a personal loan of something less than $10,000 and a gaarantor on two loans of $20,000 each. which partly secured. The amount which he haspaid the bank since its failure is stated at about $125,000. The bank held little security for this sum, which is reported to have been obtained from him by threats of legal proceedings. MR. OSBORN'S PLAIN TALK WITH HIM. About his relations with the bank Wall Street has been full of rumors. It is known that on the day of the failure Charles J. Oshorn, " he has taken a prominent part in the exemination of its affairs. sent for Mr. Hutchinson and told him plainly that if he would escape grace he must repay the bank a substantial part of sloans without delay. Mr. Hutchinson obtained some $52,000 from John D. Slayback, of John Bloodgood & Co., on pledge of doubtful securities, $10,000 to $15,000 from J. B. Cornell, with whom he has long been intimate. He was thus enabled to pay the bank over $60,000 on the day that the demand was made by Mr. Osbern. Since that time he has restored about more. The bank officers have persistently declined to speak about Mr. Hutchinson or to say at any time to what amount he was indebted to the bank. EXHAUSTING HIS PERSONAL RESOURCES The failure has revealed the fact that Mr. Hutebinson was financially embarrassed personally. To pay the bank and other creditors, he has used his utmost resources without being able to satisfy all the claims against him. It is estimated by persons who suppose that they familiar with his affairs that will require at least $200,000 more to pay his unsecured debts Strenuous efforts are now being made by him and some of friends to induce his wife to relieve his embarrassment by disposing of the real estate which he conveyed to her in his prosperous days. It is understood that J. B. Cornell and General Clinton B. Fisk accompanied him to Seabright yesterday afternoon with the express purpose of urging Mrs. Hutchinson to take this course, The prospects of the success of the expedition were regarded as doubtful in Wall Street. The real estate consists of the house No. 4 West Fifty-eighth-st.. built by Mr. Hu chinson at a cost of over $500,000. and the country place at Seabright, which is said to be worth about $100,000. Both houses stand in Mrs. Hutchinson's name and free from incumbrances. Enough could be 10alized from them undoubtedly to discharge the husband's debts, and at the same time to afford an adequate income for the support of the family. exextent of indebtedness is known, however, only to Mr. Hutchinson. for his present embarrassment was a complete surprise to all his friends. TWO MILLIONS LOST IN TWO YEARS. After paying John R. Duff $500,000 in settlement of all claims, Mr. Hutchinson was supposed to be worth about two million dollars, In two years apparently he has lost his fortune in stock speculation. The cost of maintaining his city and country houses in proper style was extremely large. Some of his most intimate friends have been surprised by recent developments. In addition to his accounts with F. Timpson & Co. and George K. Sistare's Sons, it has been ascertained that he kept standing accounts with several other brokerage houses The debts to them were made known only by the failure of the Wall Street Bank and the rumors which were started by it. because each firm supposed that, aside from the principal accounts, it was the only favored one. Recently the rumors tha Mr. Hatchinson had left the country started a comparison of notes, which resulted in the discovery that had been speculating heavil in several offices. Whether his fe's property will be sufficient to meet all his obligations is not yet certainly known. but 80 far as he has confessed them to his friends it is supposed that a handsome competency will still be left when his debts have been paid. RESTORATION TO GEORGE K. SISTARE'S SONS. The largest creditors, now that the bulk of the debt to the bank has been discharged, are George K.Sistare's Sons. Nos. 16 and 18 Broad-st. Mrs. Hutchinson and the wife of the senior member of the firm are cousins, and on account of this connection the firm allowed unusual accommodation to Mr. Hutchinson. His account was never scrutinized closely, and when he asked a loan he was not denied up to the time of the bank failure. It is well understood in Wall Street that Mr.Hutchinson owes the firm a large that 18 wholly unsecured. Among the rumors which have recently been circulated is one that Mr. Hutchinson took from a loan made at the bank by the firm large amount of securities which he converted tohispersonal use. This rumor and other alleged peculiarities in his relations with the bank are understood to be the influences used by some of the directors in compelling the payment of Mr. Hutchinson's loans, The value of the securities said to have been taken has been restored 10 Sistare's Sons. but the other large indebtedness has not been paid. A SUSPICION OF HYDROPHOBIA. FBY TELEGRAPH TO THE TRIBUNE


Article from Richmond Daily Palladium, August 26, 1884

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TELEGRAPHIC BREVITIES. The Wall Street Bank, New York, opened its doors Monday for business. The secretary of the treasury has called $10,000,000 of the three per cent. bonds. Lander Bros., bankers, Philadelphia, assigned, with liabilities estimated at $150,000. Wm. Roberts, of Utica, N. Y., fatally shot Jennie Tracy, because she refused to marry him. Sheriff McKee, of Caldwell, O., was assaulted by a prisoner in the jail, who attempted to murder him. Two young children of Judge Davidson, of Clveland, 0., were drowned near Dennison, 0,, while boating. Catharine Lindeman, of Cincinnati, aged five, fell into a bucket of scalding water and was scalded to death. At Fall Creek, Pa., a burglar beat and fatally wounded three persons and killed another. He got $460 in money. The family of Morris Cretors, of Xenia, 0., were poisoned, but not fatally, by chewing the leaves of the calla lily. The Republicans and independent Democrats of Florida have entered into a fusion that will insure a full vote and a fair count. There is a prospect of a fusion of Republicans and Independent Democrats in Missouri, that will result in the defeat of the Bourbon tieket. William Morris, head teacher of the


Article from The Bolivar Bulletin, August 28, 1884

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NEWS IN BRIEF Compiled from Various Sources. PERSONAL AND POLITICAL GENERAL MEJIA and others engaged In the Mexican conspiracy were shot. THE London papers think that Mme. Patti will fail to gain a divorce from the Marquis de Caux. HON. THOS. A. HENDRICKS has returned to Indianapolis, and is preparing a speech, which he will soon deliver. THE President arrived in New York on the 18th. THE President of the Egyptian Legisla tive Council, Sultan Pasha. died on the 18th. JOHN KING, Jr., has accepted the Presi dency of the Erie Railway Hud (Miss ON the 18th Mary Clemmer son), the well-known authoress and writer, of W ashington, D. C., died in that city. Iris stated that William H. Vanderbilt has sold the famous trotter, Maud S., to Robert Bonner, of New York. DICKSON, absconding cashier of the Wall Street Bank, is reported to have taken refuge in Canada, where he will join John C. Eno. BLAINE accepted an invitation to attend the celebration of the birth of the Republican party at Me. THE letter of General Butler accepting thelformination from several parties a candidate for the Presidency is published. The General hits the old parties some hard raps, JAMES GORDON BENNETT gave mag nificent reception and lunch to party friends on his yacht at Newport on the 18th. The affair was informal and unconventional, but as grand as money could provide. ATTORNEY BREWSTER says the reports about and showy manner in which he is living at Long Branch are base fabrications. He says is there for tranquility. GOVERNOR CLEVELAND'S letter formally accepting the Democratic nomination for President, was given to the public on the 20th. ON the 19th three Abyssinian envoys rived at London with an elephant and large monkey, gifts from King John to Queen Victoria. WM. H. VANDERBILT admits that he has disposed of Maud S., but refuses to the price. Mr. Bonner claims to his check for $40,000 for the animal. ON the 19th the birth of the Republican party was at Strong, Me., by an immense gathering. ROSWELL G. HORR, the funny man from Michigan, has been nominated 'for re-election to Congress ON the 19th the remains of Private Whistler, of the Greely party, were humed at Delphi, Ind. The flesh had all been cu from the body A. D. SLY, alleged to have robbed the American Express Company at St. Joseph, Mo., of $10,500 last September, on was arrested at M inneapolis, Minn., the 19th. VINCENT L. BRADFORD, of Phildelphia, bequeaths his law library and other books as well as his pictures, to the shington and Lee ersity at Lex ington, Va. ON the 19th Archbishop Ryan was met at the depot at Harrisburg, Pa., and wel comed_by a large delegation from Phila delphia. In the latter city he also thusiastically received. PAUL POPULORUM. tanner, Chicago, has assigned,with liabilities of $200,000. THE firm of Warner & Merritt, fruit importers of Camden, N. J., have failed with liabilities of $300,000. HON. FRANK H. HURD, of Ohio, has been nominated for re-election to Congress. ON the 20th the Iowa State Republican Convention met at Das Moines and nominated candidates for the several State offices. CORNWAL of Dublin scandal notoriety at his trial on the 20th, was found not guilty. ON the 20th Archbishop Ryan was installed as the head of the Roman Catholic See of Philadelphia with imposing ceremonies Ir is announced that Patti has signed contract in London with Mapleson to sing in America during the coming winter. A. M. WEST, of Mississippi, candidate for Vice President with Butler, of Massachusetts, formally accepts the HON. THOS. A. H ENDRICKS' letter cepting the the candidate for Vice President, is published It is the briefest on record. THE Repuolican State Conon the ballot, nominated for B. Harrison Henry ON the 20th the Michigan Democratic State Con at Grand Rapids, dorsed six of the Greenback electors their of nominated seven own. THE New Jersey Democratic State vention met at Trenton on the 20th. General McClellan was temporary chairman A great deal of enthusiasm manifested. THE Michigan State Greenback Convention met at Detroit on the 20th, indersed Governor Begole's administration and nominated him for re-election as Governor of State the on of LETTER clerks, written-by Dorman B. Eaton, of the Civil Service Con they are to act as any other citizens, pay or not pay, as they please. JAMESCUNNINGHA and Owen Bradley, Kentucky Penitentiary inmates who dered valuable sistance to the officers during the revolt at the prison recently, have been pardoned by Governor Knott. THE Texas Democratic State Convention nominated Governor John Ireland present incumbent, for by acclams tion, and Barnett Gibbs, of Dallas, for Lieutenant-0 IN letter to the Commissione of In dian Affairs, Indian Agent McG illicuddy of Pine Ridge Agency, says that "Son-ofNowater" cently attempted to take the agent's life. An article in cheap publication saying the Indians had right to kill McGillieuddy caused the Indian to make the attempt. He was arrested and held subject to the order of the Indian O: fice. ON the 21st President Arthur received the officers of the Greely relief expedition in New York. ON the 21st Li Fang Poo, Chinese Minister to France, his passports. THE eminent musician, Prof. A. Mueller Neuhoff, died suddenly at Cleveland, O., on the 21st. ON the 21st Otis Gray Randall, an old Boston broker, arrested on a charge of crookedness. ON the 21st Judge John F. Dillon, of New York, delivered the annual ddress before the American Bar Association, in session Saratoga. at PRESIDENT EGAN of the Irish National League of America declines to receive the pay allowed for his PRESIDENT W ARNER of an Albion (N. Y.) Bank is missing, and matters very crooked shape. He said to have speculated quite extensively with trust funds. THE Kansas Democrats have formed fusion with the Resubmission Republicans, and nominated Governor Glick for re-electiou and C. K. Halliday, Resubmissionist, for L'eutenant Governor,


Article from The Iola Register, August 29, 1884

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coarse, scratchy appearance, not very well executed. THE EAST. THERE was a Butler demonstration at Providence, R. I., on the 19th. About three thousand persons were present. The demonstration was considered a failure in point of numbers, ten thousand at least being expected. J.J. WOODWARD, one of the physicians who attended President Garfield after the assassination, died in Philadelphia the other day. VANDERBILT refused to state toa reporter the amount of the consideration he received from Robert Bonner for the trotter, Maud S. Guesses range from $50,000 to $100,000. The mare will not be allowed on the turf unless Jay-Eye-See beats her record, when a free exhibition of her speed will be given. SCHEDULES in the insolvent assignment of Hand & Ellsworth, papermanufacturers, Beekman street, New York, show liabilities of $281,000; nominal assets, $384,000; actual assets, $32,581. VINCENT L. BRADFORD, of Philadelphia, bequeaths his library of law books to the Washington and Lee University, to be added to the books for which he had previously given the institution money. The testator's collection of paintings also goes to the Washington and Lee University. THE sixteenth annual reunion of the Army of the Cumberland, of which General Sheridan is President, will be held at Rochester, N. Y., September 17 and 18. THE failure of Werner & Merritt, fruit importers of Philadelphia, is reported. Liabilities, $500,000. JUDGE BARTLETT, of New York, granted an attachment against the property of John P. Dickinson, defaulting cashier of the Wall Street Bank, in a suit by the bank for the recovery of $150,000. ARCEBISHOP RYAN was installed at Philadelpnia on the 20th, in the presence of about ten thousand persons. GRAHAM, LODGE & Co., wholesale white goods, of Philadelphia, failed recently. Liabilities unknown. E. L. MINGER, JR., wholesale canned goods, Philadelphia, was reported embarrassed by the failure of Warner & Merritt. AN official report shows a deficiency of $485,474 in the accounts of the Wall Street Bank in New York. Suit has been brought to forfeit the franchise, and Judge Bartlett enjoined the officers from disposing of any of its property. IT having been rumored that a compromise was being arranged in New York by which Ferdinand Ward would be released, another order of arrest was obtained by William H. Bingham, a broker, who brings suit for $48,000 obtained by the firm of Grant & Ward under false representations. THE Buck Ridge mine, owned by the Philadelphia and Reading Coal & Iron Company, was recently reported on fire. A LARGE and enthusiastic meeting of oil producers recently held at Oil City, Pa., unanimously resolved to stop the drill until January 1, 1886. This will control the production to a great extent, as seveneighths of the producing wells and drillable territory is in the hands of members of the association. THE First National Bank, of Albion, N. Y., suspended on the 21st, in consequence of the mysterious disappearance of the President, A. S. Warner. Warner was administrator of the Burrows estate, valued at $5,000,000, and with his disappearance is coupled the poisoning of William R. Burrows, one of the heirs. A very dark cloud was reported to be resting on Warner. IN attempting to extinguish the fire in the Buck Ridge mine, Shamokin, Pa., seven men lost their lives. The intention was to flood the mine by boring a hole through from the Greenback mine, thirty-six feet long. While thus engaged, gas and fire broke through, killing the seven workmen and setting the Greenback mine also on fire. Loss thus far, $100,000. MRS. PARNELL has been holding a conference at Boston with leaders of the Irish National Land Leage and several Catholic bishops. She explained that she had expressed no preference as to Presidential candidates, but sought to secure a pledge from one or the other party for the introduction free of duty of many articles produced in Ireland which do not compete with American labor. THE Republicans of Connecticut have nominated for Governor Henry H. Harrison, of New Haven. THE elaborately carved Italian marble column of Governor Edward Morgan at Cedar Hill Cemetery, Conn., was ruined by fire the other night. Two freight trains collided recently in the west yard of the Pennsylvania Railroad at Columbia, Pa. The caboose and gondola car of the front train and the engine and four cars of the rear train, the latter filled with sheep and hogs, were mashed. The wreck caught fire and was consumed. Upward of eight hundred animals were killed. THERE was a heavy rain, accompanied by thunder and lightning, on the 22d at Dover, N. H. Many persons were killed by lightning, and houses were damaged. Miles of telegraph and telephone wires were blown down. THE WEST. J. T. RIPLEY has resigned the Assistant General Freight Agency of the Wabash Road, to take the Commissionership of the Wabash & Burlington Pool at Chicago, September 1. R. G. HORR was nominated by acclamation for Congress in the Eighth Congressional District of Michigan. THE body of Private Whistler, one of the


Article from The Indianapolis Journal, September 2, 1884

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TELEGRAPHIC BREVITIES. Mrs. Justice Harlan is not seriously ill, as was reported in yesterday's paper. It is the wife of ex-Senator Harlan, of Iowa. The effect of the re-establishment of the whisky pool was seen yesterday in an advance in the price of whisky from $1.07 to $1.10. A Vicksburg, Miss., dispatch reports the killing of S. C. Scanlon, near Rodney, by W. F. Halley. The quarrel originated over a game of cards. William L. Killingbeck, book-keeper of the New Haven Car-trimming Company. shot himself, probably fatally, after a brief interview with one of his employers. Moore's pottery, at Millhaven. N. J., resumed work to-day, giving employment to nearly one hundred men. The rolling-mill is again under way, and most of the men are at work. Two prisoners on the way from Port Arthur to Kingston penitentiary jumped from the steamer into the lake. One, named Drake, was drowned; the other was picked up and taken to Toronto. Patrick Judge, a "longshoreman, was arrested at New York, yesterday, on suspicion of having caused the death of barkeeper Frederick Kopf. who was beaten to death on the laundrymens' excursion on Sunday. C. P. J. Proctor, steward at the Marine Hospital, at Charleston, S. C., has absconded with checks belonging to the hospital, to the amount of $480. The checks were cashed in New York before payment could be stopped. The Dixon-Young Clay Manufacturing Company, of St. Louis, workers of fire-clay, made an assignment yesterday. They say the assets are $100,000, but will not give the amount of liabilities. They assert they are only temporarily embarrased, and will resume shortly. A warrant has been issued for the arrest of Marcus McClain, charged with being one of a party of men who, on Saturday night, attacked the village of Maddoxtown, Ky., fired a number of shots and mortally wounded Henry Nichols, colored, who was standing in his doorway. Deputy Attorney-general Post yesterday applied to the New York Supreme Court for the appointment of a receiver for the Wall-street Bank, in a suit on behalf of the people for dissolution of the Bank. Mr. Post says he had no person to suggest for receiver. The depositors will be paid in full. Jas. Cassidy, of Spuyten Duyvil, while under the influence of liquor, entered Hoburg's shoe factory, at 122 West Twenty-fifth street, New York, and renewed an old quarrel with Robert McGregor, who was at work. In the fight which followed, McGregor was fatally stabbed. Cassidy was arrested. John L. Sullivan, the Boston slugger, while going from Boston to Providence, R. I., Saturday mght, struck an inoffensive young man a brutal blow in the face and knocked out several teeth. Sullivan was accompanied by a gang of bummers, who, on the arrival of the train at Providence, hustled him into a hack and had him conveyed to one of his obscure and disreputable haunts. Governor Hoadly has. written to the attorney for Benjamin Johnson, condemned to be hanged at Cincinnati on Sept. 12, saying that inasmuch as the indictment was found after the passage of the law changing the mode of selecting juries, the fact that Johnson was tried under the new law could not be made a basis for reprieve, although the crime was committed before the passage of the law. It is understood there is no hope for the doomed man.


Article from The Portland Daily Press, September 5, 1884

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Receiver O born of the suspended Wall street bank, New York, yesterday began payment to depositors of a 60 per cent dividend. Mme. Nilsson has signed a contract with Colonel Maple-on to sing in England and America for $2400 per night. The Gettysburg Battlefield Memorial Association has decided to purchase land and open a driveway along the line of battle from Devil's Den, at the foot of Round Top, through the wheat field to Peach Orchard, to afford an opportunity for monuments to be erected to mark the positions of the troops and also to open to visitors one of the most interesting points. The sessions of the 33d meeting of the American Association for the Advancement of Science opened yesterday in Philadelphia before an unusual large assembly of members, noted specialists in America and Europe and a fair number of citizens. J. P. Lesley of Philadelphia was installed president elect of the association.


Article from New-York Tribune, November 12, 1885

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PRICE THREE CENTS. DEATH OF CHAS J. OSBORN A WELL-KNOWN WALL-ST. FIGURE GONE, THE END SUDDEN AND PAINLESS-SKETCH OF THE BROKER'S BUSINESS CARMER Charles J. Osborne, who has been for many years a prominent flu e in Wall Street, died at his home No. 587 Fifth-ave. a few minates after 10 o'clock last night. An hour before he bad been resting easily In his chair, and the friends who were with him thought that they saw signs of improvement. A out 10 o'clock he was taken with a spasm, from which he did not recover. His death was as painless as it was sudden. It was the result of an aggravated case of Bright's disease, although the immediate cause was a weakness of the heart which that disease bad produced. He had been confined to his honse only about two weeks and almost from the first his physicians held out little hope of his recovery. His serious condition was carefully concealed from him, however, from fear that knowledge of it would hasten his death As late as Tuesday night Dr. Loomis made an examination of his heart and said afterward that death might occur at any moment. His other phystelans were Dr. Theodore Steele and Dr. Howe. Besides the members of his family and that of his brotherin-law Clement J. Trowbridge, who lived in the same house, Frederick H. Gould and William H. Henriques were with him. His mother, who is the wife of William P. Miller, a retired leather merchant, reached the house a few minutes after her son's death. Mr. Osborne was born at Quogue, L.I., and was about forty-six years old. He began his business career as a clerk in the leather house of Israel Corse, in the Swamp. and before he abandoned that business he was advanced to an interest in the firm. About twenty years ago he entered Wall Street, where his first experience was with the firm of James Dart & Co. A few years afterward he joined the firm of C.C. Parks & Co., which was then prominent by its deatings in gold. While a member of this firm Mr. Osborn joined the Gold Board and in that freazted speculation he made his reputation as a broker. He bad retired from that Brin, however, before its failure, to enter, in 1869, upon a new copartnership with Addison Cammack, under the firm name of Osborn & Cammack The firm did an enormous business in gold for Jay Gould, and in the operations that ended in the Black Friday paule was Mr. Gould's most trusted broker. The part nership was dissolved in 1872, when Mr. O orn formed a new firm of C. J. Osborn & Co., of which John W. George and E. S. Chapin were the other gene a artners and Jay Gould a special partner. The firm passed successfully through the panto of 1873, a though it has been reported that its suspension was avoided only by the closing of the Stock Exchange. Before the doors were reopened, at any rate, the firm had made such arrangements that it ready to protect 103 contracts. This partnership was dissolved in 1874, when Mr. Osborn admitted C. J. Trowbit brother 4u-lar and afterward bridge, the firm suffered no important change until Mr. Oxborn retired from active bastness, nearly two years are. He was at the tine of his death a special partner in the present firm of E. 8. Chapin & Co., No. 31 Broad Since his retirement Mr. Osborn has taken little interest in stock speculation. He gave the most of his attention to the building of a spactous house on the Sound. near Maunoroneck, on which no had spent about $350,000. It was finished last spring, but he did not ocempy it during the summer. He feared the dampness of a new house and spent the season at Saratoga His rim was also given to the affairs of the broken Wall Street Bank, of which he was appointed receiver. At the time of the failure, which was caused by the speculations of the bank's cashier. Mr. Osborn was a director. Someis his of character thing shown a by remark he made shortly afterward will have neglected my trust, and now I He 111 succeeded try to repair my error.' saving enough from the wreck to pay the depositors in full nd for his services he charged nothing. He was one of the largest stockholders of the bank, which he helped to form out of the old Mechanics' Banking Association. Mr Osborn had been it member of the Stock Exchange since May, 189, and served part of a term OD the Governing Committee. He resigned the position a few weeks before his retirement from business was formally announced. He was a member of this New- York Club and at one time of the Maukattan Club. He belonged also to the American Jocked and the Coney Island Jockey clubs. He always took great interest in sports of all kinds For years he kept own hunting-boat at Havre de Grace. although he used it only a few weeks in the season. He owned the famous yacht Dreadnaught,which Was built for A. B. Stockwell when he was prefient of the Pacidle Mail Steamship Company, and afterward to J. the steam yacht Corsair, which he sold Pierpont Morgan, who now owns her. Mr. Osborn was always one of the most pop ular men in Wall Street. Fond of good living and of all outdoor sports, generous to prodigality, rich friends In good-fellowship, he had hosts of will his mourn death. who sincerely They could see no faults in him. although serious fants were not wanting. The last few months of his life were embittered by a quarrel with his old friend, Addison Cammack, which arose from some of his latest operations in stocks. The breach it was never healed, although the cause o: was small. Mr. Osborn leaves a wife, who was a Miss Trowbridge, of Georgia, and an only son. Howell Ostora, twenty-four years old, who 18 a well-known member of the Stock Exchange His mother, Mrs. Miller, and a step-sister also servive him. The fortune left by Mr. Osborn is estimated at from $5,000,000 to $8,000,000. He made a will