Mechanics Savings Bank (Pittsburg, PA)

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GENERAL PROSPECTS

THE AFFAIRS OF THE COBURN LAND COMPANY TRANS. FERRED TO A NEW MANAGEMENT. AUGUSTA, Me., Nov. 12.-The affairs of the Coburn Land Company, in which the Spragues of Rhode Island are largely interested, have been transferred to the management of Ira D. Sturges and H. A. Dewitt of this city; Mr. Sturges to be the general manager, and Col. Dewitt the financial agent. This company was incorporated by the last Legislature with a capital not to exceed $2,500,000. EXTENSION GRANTED TO THE OHIO FALLS CAR COMPANY. LOUISVILLE, Nov. 12.-The creditors of the Ohio Falls Car Company met to-day, and received a statement of the affairs of the Company, showing assets of $1,500,000, and liabilities of about $450,000. After a thorough examination of the statement, an extension was granted to the Company, and in a few days the works will be again in operation, after a suspension of some weeks. They will furnish employment to 700 men MORE BANK SUSPENSIONS IN PITTSBURGH. PITTSBURGH, Nov. 12.-The banking-house of Melton & Sons. and the Mechanics' Savings bank of this city, suspended to-day.

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PENNSYLVANIA

PHILADELPHIA, Nov. 12.--Orders have been received at the Navy Yard here to fit out the monitor Manhattan for sea by Friday next. A large force of men have been employed. It is understood that the other monitors at League Island are to be made ready for sea at once. PITTSBURG, Nov. 12.-The banking house of Mellon & Sons and the Mechanics' Savings Bank, of this city, suspended to-day.

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TELEGRAMS IN GENERAL

Queenstown, 12. Arrived, Abyssinia from New York. Pittsburg, 12. The banking house of Millon & Sons and the Mechanics Savings Bank of this city, suspended to-day.

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From Pennsylvania

SUSPENDED. PITTSBURG, Nov. 12. The banking house of Mullon & Ives and the Mechanics' Savings Bank of this city suspended to-day.

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Wheeling Register

Two more Pittsburgh banks have suspended, vis: The well-known bank ing house of T. Mellon & Sons and the That Mechanics' Savings Bank. makes four suspensions this week.

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Two more Pittsburgh banks have sbspended, viz: The well-known banking house of T. Mellon & Sons and the Mechanics Savings Bank. That makes four suspensions this week.

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The Sammis brothers, implicated in the murder of Kelsey, at Huntington, L. I., have been discharged from custody on the grounds that Queens county had no jurisdiction. in the case, The steamship Atlas, which sailed from Boston for Liverpool, Nov. 11, had 239 steerage passengers, a large portion of them mill operatives and artizans, who are returning to the Old World for lack of employment here. Some forty factory operatives from Fall River were among the number. On the afternoon of Nov. 11, about 4 o'clock, a steam boiler stationed at the corner of Fourthavenue and One Hundred and Twenty-eighth street, New York city, used by the contractors on Fourth avenue Improvements, exploded, by which seven persons were instantly killed and several wounded. All of the killed had either the whole or a portion of their heads blown off. The following are the names of the killed: John Gibson, John Foley, Philip Miller, Geo. Brecker, Louisa Busford, Wm. Breth. a school boy. and Irene B. Belletain. The annual meeting of the Peace Society of Pennsylvania was held Nov. 12, at Philadelphia, and Lucretia Mott elected president for the ensuing year. A resolution was adopted protesting against any act that might involve this country in a war with Spain. The banking-house of Mellon & Sons, and the Mechanics' Savings Bank of Pittsburg, suspended on Nov. 12.

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New York, Nov. 14.-A rumor has been circulated in Wall street, that a deficiency to the extent of *000,000 has been discovered in the accounts of an officer of Western Railroad. The New York Tomesto-morrow will publish a report to the effect that the defaulter is David Crawford, of the Missouri, Kansas and Texas Railroad. He is a partner in the firm of Clarke, Dodge & Co., the house which had some difficulty with the New York Security Company some time ago. On the 12th the banking house of Mellon & Sous and the Mechanics' Savings Bank of Pittsburg, suspended. Wm. Gillson was appointed postmaster at Austin, Nevada, by the President on last Wednesday, vice Robert Allen deceased.

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ALLEGED EMBEZZLEMENT BY BANK OFFICIALS

The Officers of the Pittsburg (Pa.) Mcchanics' Savings Bank Charged With Misappropriating Over $84,000. PITTSBURG, Pa., Nov. 30, 1873. Informations were made last evening against the President, Vice President and Treasurer of the Mechanics' Savings Bank of this city, which suspended some days ago, charging them with conspiracy to deiraud the stockholders and depositors of the bank and with embezzlement and misappropriation of funds. Statements show that the assets of the bank will probably not pay its liabilities, although the loss to the depositors will not be heavy. It appears the officers loaned nearly all its money to themselves and Immediate friends, as over $84,000, or. four-fiths of the entire amount loaned, is due from the President, Vice President and others with whom they were associated in business enterprises, without sufficient security being given.

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PITTSBURGH

THE MECHANICS' SAVINGS BANK. Prrrsnuugh, Nov. 80.-Informations wore made last evening against the President, VicePresident, and Treasurer of the Mechanios' Savings Bank of this, city, which suspended soine days ago, charging them with conspiracy to defraud the stockholders and depositors of the bank, and with embazzlement and misappropriation of the funds. The statements show that the assets of the bank will probably not pay its liabilities, although the loss to depositors will not be heavy. It appears that the officers loaned nearly all its money to themselves and immediate friends, as over $84,000, or four-fifths of the entire amount loaned, is due from the President, Vice-President, and others with whom they associated in business enterprises, insuflicient BOcurity being given.