16871. National Bank (Port Jervis, NY)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
1363
Charter Number
1363
Start Date
December 19, 1899
Location
Port Jervis, New York (41.375, -74.693)

Metadata

Model
gpt-5-mini
Short Digest
2159e48d

Response Measures

None

Description

The National Bank of Port Jervis suspended on Dec 19, 1899 primarily because of an assistant cashier's defalcation (L. E. / Lewis Goldsmith) and the failure of a depository; a national bank examiner was placed in charge as temporary receiver. The bank later complied with Comptroller conditions and reopened March 5, 1900. Newspapers note only slight withdrawals when the defalcation became public, but the event is best classified as a suspension (not a standalone run) that ended with reopening.

Events (7)

1. June 29, 1865 Chartered
Source
historical_nic
2. December 19, 1899 Other
Newspaper Excerpt
When the knowledge of the defalcation was made public there was only a slight run, and the directors felt they could weather the storm. Yesterday, however, said Mr. Marvin, ...
Source
newspapers
3. December 19, 1899 Receivership
Source
historical_nic
4. December 19, 1899 Receivership
Newspaper Excerpt
I. C. Moore, National Bank Examiner, has been placed in charge as temporary receiver.
Source
newspapers
5. December 19, 1899 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Primary cause was defalcation by assistant cashier L. E. (Lewis) Goldsmith; aggravated by failure of a depository (Produce Exchange Trust Company) and money-market stringency.
Newspaper Excerpt
The National bank of Port Jarvis, N. Y., did not open its doors for business today. ... temporary suspension was necessitated by the stringency in the New York money market. The suspension is attributed primarily to the recent defalcation of L. E. Goldsmith, the assistant cashier.
Source
newspapers
6. March 5, 1900 Reopening
Newspaper Excerpt
The National Bank of Port Jervis ... having complied with the conditions imposed by the Comptroller of the Currency, and its capital being now unimpaired, has been permitted to resume, and will open its doors for business on Monday, March 5.
Source
newspapers
7. March 5, 1900 Restored To Solvency
Source
historical_nic

Newspaper Articles (25)

Article from El Paso Daily Herald, December 19, 1899

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EL PASO, TEXAS, TUESDAY, DECEMBER 19, 1899 to a noon way below their actual value. altho HEARING ENGLAND'S Such giltedged dividend|payers as the added New York Central and Lake Shore are in su selling five and six cents below normal. were BEGUN YEOMANRY A better feeling is gradually prevailgiver ing. The panic was thought to be pracrecor tically over at three o'clock. worth BOSTON BROKERS SUSPEND. Bu To Be Used As Rough The Taking Of Testimony In plain BOSTON, Mase., Dec. 19.-The well men t known firm of Dilloway & Starr, bankthe Dam Case Is Riders In South take ers and brokers, assigned at 10:30 this of w Finished Africa morning. A BANK FAILS. causi the n WASHINGTON. Dec. 19.-The compactua troller of the currency announced this And afternoon that the National Bank, of OPENS appa AN EXCITING RUMOR GOVERNMENT Port Jarvis, N. Y., has been placed. in reach the hands of a temporary receiver. figur The failure is said to be due to a large Bu defalcation. tion FAILURE IN LONDON. That Buller Had Crossed the The Argument But the Outhe c LONDON, Dec. 19.-The - Northern look For the Dam Comthe y Tugela And Methuens' and London bank, limited, with a capMEA ital of two million, has suspended payCommunications pany Is EncourAr ment. It is expected there will be a Were Cut. Harr squeeze with several failures on the aging. London exchange at next settling day. whet meas BANK RATE RAISED cura: Special Dispatch to the HERALD. BERLIN, Dec. 19.-Owing to the finLONDON, Dec. 19.-The war office's phat LAS CRUCES, N. M., Dec. 19. Judge ancial stringency the bank rate has plans to organize a cavalry contingent whet been raised to 7 per cent. Burch resumed his argument this of 3,000 of the British yeomanry for with


Article from Deseret Evening News, December 19, 1899

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Bank Failure. New York, Dec. 19.-The National bank of Port Jarvis, N. Y., did not open its doors for business today. A notice, signed by President Francis Marvin and Vice President Sharp, was posted, saying that temporary suspen. eion was necessitated by the stringency in the New York money market. The suspension is attributed primarily to the recent defalcation of L. E. Goldsmith, the assistant cashier.


Article from The Seattle Post-Intelligencer, December 20, 1899

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Defalcation Causes Bank Failure. NEW YORK. Dec. 19.-The National Bank of Port Jervis, N. Y., did not open its doors. for business today. A notice signed by President Francis Marvin and Vice President Sharp was posted saying that temporary supension was necessitated by the stringency in the New York money market. The suspension is attributed primarily to the recent defalcation of L. E. Goldsmith, the assistant cashier.


Article from Alexandria Gazette, December 20, 1899

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NEWS OF THE DAY. The Bank of Germany is reported harder pressed for gold than ever before at this seasor. Germany has determined to secure a number of coaling stations for her navy in the far cast, the Antilles and South America. The democratic national committee will meet in Washington on February 22, to select date and place for the next national convention. The National Bank of Port Jervis, N.Y., suspended yesterday morning. The cashier's defalcation and the Trust Company failure were the causes. Mayor Hayes, of Baltimore, has been informed that the board of public works would not accept the bids received for the Chesapeake and Ohio Canal, and that there would be no sale at this time of the canal. The financial debate in the Senate will begin on the 4th of next month. the day after Congress reassembles at the close of the holiday recess, and is substitute for the bill passed by the House on Monday will be offered. Reports by mail from the Island of Cebu, which the military censor at Manila refused to permit to be cabled, state that a force of American soldiers were repulsed by insurgents and two Americans killed and two wounded. Mr. Bacon, of Georgia, has introduced in the Senate a resolution declaring that it is not the policy of the United States to maintain permanent sovereignty or control over the Philippines. The resolution embodies the views of the minority of the Senate. Sol Smith Russell, who collapeed on the stage in Chicago on Monday night in the second act of "The Hon. John Grigsby," is reported to be improving, and bis physician believes he will be sufficiently recovered by Monday to continue his engagement at the Grand. In Baltimore yesterday a petition was filed for the appointment of a re ceiver for the Columbian Iron Works and Dry Dock Company. The petition was filed by Henry A Parr, who is one of the company's largest creditors. He is said to be interested to the extent of $300,000. The Federation of Labor convention yesterday adopted resolutions declaring opposition to all wars of conquest. The Federation also declared against so-called slavery in Hawaii, and suspended the charter of the "Baltimore" faction of painters pending negotiations for amalgamation. The house of George Taylor, near the village of Oskley, N. C., on the Washington branch of the Atlantic Coast Line, was entered Saturday night. Taylor was killed, the premises robbed and the house set on fire. The body, horribly burned, was subsequently found by his brother. Henry Taylor and Mack Taylor, colored, have been arrested, and the evidence indicates that they are guilty, It is feared they will be lynched. The German flag was hoisted over the courthouse at Apia, Samoa, on the 13:b, as an official notification of the annexation of the islands, by agreement, to Germany. The German consul, on board the Cormoran, was interviewed by the Samoan chiefs, to whom he said that the Somoans could have their own king and chiefs. They then informed the consul that Mataafa would be selected. Having declared their government established, the Mataafaites are driving the Malietoans out of the villages. Trouble appears imminent.


Article from The San Francisco Call, December 20, 1899

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NATIONAL BANK OF PORT JARVIS SUSPENDED WASHINGTON, Dec. 19.-Word has been received at the office of the Comptroller of the Currency that the National Bank of Port Jarvis, New York, closed its doors to-day. I. C. Moore, National Bank Examiner, has been placed in charge as temporary receiver. The bank's statement on December 5 showed resources of $683,601. Its liabilities included $414,391 of deposits.


Article from The San Francisco Call, December 20, 1899

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VALL STREET BEARS SCURRY TO COVER lew York Banks Stay the Panic on Change by Unloosing a Golden Stream. EW YORK Dec. 19 -There was a com count of the character of collateral where industrials were included The clearing te revolution of sentiment in Wall house committee was in session during to-day. and the latter part of the the day but by the time the market sion of the Stock Exchange witnessed closed had come to the conclusion not to nething like panic among the bears, call a meeting for to-morrow though furwere making frantic efforts to sethen sessions can be had at need. stocks to cover short contracts, and Yesterday's unprecedented events on the Stock Exchange attracted immense ding prices up on themselves. The throngs to the financial district this mornpessional traders took the long side of ing. The galleries were inadequate to market and bid up prices to take the meet the demands on them and great rket away from the bears Many ODcrowds of all sorts and conditions of men tors who had ruthlessly sacrificed their and women surrounded the approaches The strain upon the brokers and operdings in the pandemonium of yesterators was a severe one and the scramble s were also eager buyers. in the hope and turmoil upon the floor of the exretrieving losses. Besides these elechange made scenes of inextricable confusion. nts there was a large contingent of rggin-hunters, made up of people with A comparison of prices with those of Saturday's close shows that the level is dy money looking for investment, and still materially lower. though very subo buy outright to hold. stantial recoveries were made of vesterome such revulsion of feeling was a day's extreme loss. The day's advances tural consequence of the violent decline range all the way from two to twelve yesterday, which overran itself. The points in the prominent, active stocks. ue of the speculative conflict was by means certain until about midway of session and yesterday's tide of disasFAILURE OF LONDON was not stemmed without titanic exerthe part of the most powerful AND NORTHERN BANK ancial interests in the country acting in cert. Millions of dollars in money were thcoming for the extension of credits LONDON, Dec. 19.-The failure of the buyers of securities The clearing use banks supplemented their yesterLondon and Northern Bank (Limited). contribution of $10,000,000 by another comparatively small concern, was anthe same to be loaned at the nounced to-day. The directors issued a rket rate The announced determinastatement attributing the failure to the in of the Secretary of the Treasury to alleged libelous assertions regarding the rease Government deposits in deposi3 banks gave promise of relief from bank which have appeared in the press start and funds estimated at $7,000,003 The bank's assets, according to the dicame available from this source before rectors, should fully cover the liabilities The failure of the bank and the rise of nder the influence of this abundance the German rate of discount and interest, panic rates for money were time approached, but the demand the latter from 7 to 8 per cent. did not loans made inroads on the supply appear to have any serious effect on the seemingly appetite. The market here. The general feeling on the went per cent. but steadily destreet was that the conditions were betthat point under the offerings ter. This was not a little due to the imuntil it was forced pression gained from private advices that per cent and in the late afteran arrangement had been reached in New fell 51/2, and at last to 2 per York over night to support the market and prevent a recurrence of yesterday soon as the stringency relaxed it bepanic. of manifest that the pressure It is hardly thought that the rise in released and the market the German discount rate will cause a calm that seemed profound by corresponding increase of the English the constant hurly-burly bank rate yesterday morning. The transactions on the Stock Exchange When the money rate fell to an easy were again unmarked by a serious amount prices began to rebound and some of liquidation. There was a plethora of were shown, esoffers to sell, but buyers were hard to cially in the mercurial specialties. The find. Consequently, many shares were large as to invite conmarked down, though not to such an erable profit-taking by the traders in extent as yesterday. The lack of actual final dealings. but the undertone contransactions was generally due to the strong until the close, which feeling that the larger houses will do wed substantial net gains all through nothing until it is known whether or not list the French bank rate will be raised. It 'he early hours of the trading witnessis believed in some quarters that, if this very heavy liquidation in continuance occurs the Bank of England will follow yesterday's process of recuperation suit with resulting increase in the gravthere was no approach to the panic ity of the situation and further depreciaditions of at any time The ation of values. At the close the imprestensive and elaborate preparations sion prevailed that the Bank of France de to meet the crisis were evident at would raise its rate, though It would not opening and prices were opened at be definitely known until to-morrow. ge advances all through the list. The At the opening absolutely unfounded sult was helped by the higher quotarumors, such as serious defeat of Genns sent over from London, where the eral Clery, helped the depression in price ck exchange had a false rumor of a though the Bank of England freely distital retrieval of General Buller of his counted thirty-day bills at per cent. and cent disaster The high prices for apparently there was no particular pressmericans in the London market were ure in Lombard street. ubtless due in part to manipulation orPrevious to yesterday's semi-panic there from this side. in furtherance had undoubtedly been large liquidations the general plan to sustain and proBut it is believed they were anticipated the market The opening advance and to some extent this will prevent se. met an avalanche of liquidating rious difficulties at the next settlement. which promptly drove down prices After the weak official closing. Amerithe utmost efforts to sustain can securities were firmer on the street. Not a few stocks showed eviAtchison preferred was the special feaces of positive weakness and the first ture, and rose 1% above the official closing hours of trading were given up to price South African securities also hardened somewhat ious activity and indescribable consentiment of he steady absorptive power of the BANK OF GERMANY'S ying was bound to have a reassuring and the manner in which the ulation was brought to a standstill BULLION DEPLETED highly impressive Even before noon ient stability had been established to the report of a failure by broker BERLIN Dec. 19 -The Reichsanzinger house in Boston, which would have publishes the following statement: At sufficient to demoralize yesterday the meeting of the central committee of rket the Bank of Germany to-day, Herr Kock, with the subsidence of the panic cona director. discussing the financial situasaner and quieter view develtion. said the position of the bank had A study of the facts in connection never before been so strained at the same h the trust company which came to period of the year and that the stock of yesterday and of the securities with bullion had become seriously diminished ich it was involved showed them to being 57,000,000 marks less than in 1898 unique and not be taken as justifyAfter giving other figures showing the the wholesale fear and distrust which difficulties of the situation, he said it had felt yesterday. not only of all trust been impossible to avoid an increase in npanies, but all industrial securities the bank rate. there was abundance of caution and discrimination shown toagainst many of the industrials and NATIONAL BANK OF cially in the placing of loans. They not acceptable as collateral and PORT JARVIS SUSPENDED ney was not easily procured for the pose of supporting them in the market was reported that the financial powers WASHINGTON Dec. 19.-Word has certing of relief were not albeen received at the office of the Compother in agreement as to the length to troller of the Currency that the National ich it was desired to go, some of them Bank of Port Jarvis, New York, closed ding the opinion that no real benefit its doors to-day. C. Moore, National uld accrue from sustaining some of the Bank Examiner, has been placed in ustrial securities. But the danger dis. charge as temporary receiver The bank's sed by yesterday's events on the whole of values carried the day in favor statement on December 5 showed rerelief the sources of $683,601 Its liabilities included he decision of the banks was to place $414,391 of deposits. their available resources at the disal of borrowers without regard to the ect on the surplus reserve The knowl. COLUMBIAN IRON WORKS e of this determination had much to with allaying the apprehension The IN A RECEIVER'S HANDS her rates for money made during the 7 were due to discrimination on acUnable to Moot Obligations Accord


Article from The Times, December 20, 1899

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PORT JERVIS BANK SUSPENDS. Failure Primarily Due to a Defaulting Cashier. PORT JERVIS, N. Y., Dec. 19.-The temporary suspension this morning of the National Bank of Port Jervis. by order of the directors, caused a large volume of business to be transacted in the First National Bank today by the opening of new accounts. The cause of the suspension of the National Bank was primarily due to the alleged defalcation by Lewis Goldsmith. the assistant cashier, and directly due to the panic yesterday in Wall Street and the suspension of the Produce Exchange Trust Company, which is one of the Port Jervis National Bank's depositories. The directors of the bank met this morning and adopted the following resolution: Whereas this bank has been unable to realize upon its securities 80 as to provide funds at once for the immediate use of the bank; and Whereas some portion of its funds has been rendered unavailable by the failure of one of its depositories in the city of New York, Resolved, That this bank forthwith close its doors and suspend the transaction of business temporarily and until such time as it can realize the necessary funds. The president of the bank, Francis Marvin. in a statement today, said that a thorough examination of the bank's affairs had been made by Special Examiner Moore of Washington, and a large amount of currency been provided to meet all demands likely to be made. When the knowledge of the defalcation was made public there was only a slight run, and the directors felt they could weather the storm. "Yesterday, however," said Mr. Marvin,


Article from The Houston Daily Post, December 20, 1899

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National Bank of Port Jarvis. New York, December 19.-The National bank of Port Jarvis, N. Y., did not open its doors for business today. A notice was posted, saying that temporary suspension was necessary by the stringency in the New York money market. The suspension is attributed primarily to the recent defalcation of L. E. Goldsmith, the assistant cashier.


Article from The Saint Paul Globe, December 20, 1899

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Port Jervis Bank Closes. WASHINGTON, Dec. 19.-Word has been received at the office of the comptroller of the currency that the National Bank of Port Jervis, New York, closed its doors today. I. C. Moore, national bank examiner, has been placed in charge as temporary receiver.


Article from River Falls Journal, December 21, 1899

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LATER NEWS. The currency bill passed the house by a vote of 190 to 150. The following democrats voted for the bill: Clayton, Denny, Driggs, Fitzgerald, Ruppert, Seudder, Thayer, Wilson. Alexander Clarke was shot and instantly killed at Stevenson, B. C., by a man named Jones. Clarke was holding a bullock for Jones to shoot, but the bullet missed the animal and entered Clarke's forehead. The steamer State of Kansas was burned at New Madrid. Gov. Sayers, of Texas, has appealed to President McKinley for the surrender of Lieut. Rubottom and all noncommissioned officers at Fort Ringgold charged with rioting, etc., which took place there recently. Commander McKibbon declined to surrender these men to the civil authorities. An Australian mounted contingent of 1,000 men will sail for South Africa before Jan. 10. An additional New South Wales battery of artillery will sail immediately. Panic conditions developed on the stock exchange in New York the 18th with the imperative need of money developed by the violent contraction in values. Stocks were being thrown over without the slightest regard to the price they would bring, and at distressing sacrifice of values. Sol Smith Russell was obliged by illness to dismiss his audience at the Grand Opera House, in Chicago. The break-down occurred in the first act. Encouraging news reached the navy department from Admiral Watson at Manila, respecting the members of the crew of the Yorktown boat's party which landed at Baler last spring. The report gives the account of a sailor of the party who has made his way to Manilla, and it shows that 11 of the original party of 15 are still alive. The plant of the Indianapolis Chain and Clamping company, the largest manufacturers of bicycle chains in the country, has been turned over to the bicycle trust and will be known hereafter as the American Bicycle company's chain factory. At the trial of Dr. S. M. Jenkins, charged with the murder andabortion, at Dallas, Texas, Hugh Wheat, 28 years of age, a brother of Mary Wheat, one of the doctor's alleged victims, shot and mortally wounded the defendant. John Halligan, brother-in-law of Jenkins, fired at Wheat, missing him. Wheat and Halligan were both arrested. Major General Henry W. Lawton has been shot and killed at San Mateo. He was standing in front of his troops, was shot in the breast and died immediately. General Lawton started from Manila with cavalry under Captain Lockery and battalions of the 29th and 27th infantry, under Lieutenant Colonel Sargent, for the purpose of capturing San Mateo, where Geronimo was said to have 300 insurgents. Two tenement houses in New York were destroyed by fire and seven persons lost their lives. The ensign of the German empire was hoisted over the Samoan islands the 19th. The National Bank of Port Jervis, N. Y., has suspended. Statements are published from Boer sources in Brussels and Berlin that President Kruger is willing to conclude peace on the basis of the status quo, but that otherwise he will call upon the Boers in Cape Colony to join in proclaiming the independence of the Cape territories of Great Britain. The postoffice department has been notified that the president of Guatemala had on the 14th inst., approved the United States and Guatemala parcels post convention. It is effective Jan. 1. By a vote of 9to 5 the boardof aldermen of Denver adopted a joint resolution expressing sympathy for the Transvaal republic in its war with Great Britain and hope for the success of Boer arms. The United States transport ship Thomas has arrived at Singapore. The Thomas left New York Nov. 2, having on board the 47th volunteer infantry, commanded by Colonel Walter Howe. She is the first of the three troopships taking reinforcements to the Philippines by the transatlantic route. Senator Morton was re-elected to the U. S. senate from West Virginia.


Article from The Wichita Daily Eagle, December 21, 1899

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Bank Fails at Port Jarvis, N.J. New York, Dec. 19.-The National Bank of Port Jarvis, N. Y., did not open its doors for business today. A notice, signed by President Francis Marvin and Vice President Sharp, was posted, saying that temporary suspension was necessttated by the stringency in the New York money market. The suspension is attributed primarily to the recent defalcation of L. E. Goldsmith, the assistant cashier. Washington, Dec. 19.-Word has been received at the office of the comptroller of the currency that the National Bank of Port Jarvis, New York, closed its doors today. I, C. Moore, national bank examiner. has been placed in charge as temporary receiver. The bank statement on December 5 showed resources of $683,601. Its liabilities included $414,391 of deposits.


Article from Connecticut Western News, December 21, 1899

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Port Jervis Bank Suspends. Port Jervis, N. Y., Dec. 20.-The National Bank of Port Jervis has suspended. The defalcation of Assistant Cashier Goldsmith was the primary cause of the suspension. A quiet but steady withdrawal of deposits had followed, and yesterday the failure of the Produce Exchange Trust company, which was a depository of the bank's funds, still further crippled it. The condition of the bank shows ample assets to pay all depositors.


Article from The Washburn Leader, December 30, 1899

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# Criminal Record. The national bank at Port Jervis, N. Y., has suspended, owing to a defalcation of the cashier. Mrs. G. W. Shinn, wife of a Shelby county, Missouri, member of the state legislature, committed suicide. Lena Myers, a domestic at Alton, Ill., committed suicide because she feared arrest for theft of which she was guilty. E. S. Osborne of Springfield, Ill., has identified the body of a man who committed suicide last Wednesday as his brother-in-law, Charles Reynolds of Greenfield, La. The supreme court of Georgia has refused a new trial to Burke Waters, a Seventh Day Adventist, convicted of violating the law in working on Sunday. His sentence is six months on the chain gang or a fine of $65. George Templeton, a negro, shot and fatally wounded Sanford White, superintendent of construction at the Rainey Coke works at Uniontown, Pa. After White fell he shot and mortally wounded Templeton. White died a few minutes after being shot. While on trial, charged with murder and abortion at Dallas, Tex., Dr. S.M. Jenkins was shot and mortally wounded by a brother of Mary Wheat, one of the doctor's alleged victims. John Halligan, brother-in-law of Jenkins, fired at Wheat, missing him. Both are under arrest.


Article from The Pioneer Express, January 5, 1900

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Criminal Record. The national bank at Port Jervis. N. Y., has suspended, owing to a defalcation of the cashier. Mrs. G. W. Shinn, wife of a Shelby county, Missouri, member of the state legislature, committed suicide. Lena Myers, a domestic at Alton, III. committed suicide because she feared arrest for theft of which she was guilty. E. S. Osborne of Springfield, Ill., has identified the body of a man who committed suicide last Wednesday as his brother-in-law, Charles Reynolds of Greenfield, La. The supreme court of Georgia has refused a new trial to Burke Waters, a Seventh Day Adventist, convicted of violating the law in working on Sunday. His sentence is six months on the chain gang or a fine of $65. George Templeton, a negro, shot and fatally wounded Sanford White, superintendent of construction at the Rainey Coke works at Uniontown, Pa. After White fell he shot and mortally wounded Templeton. White died a few minutes after being shot. 5 While on trial, charged with murder and abortion at Dallas, Tex., Dr. S.M. Jenkins was shot and mortally wounded by a brother of Mary Wheat, one of the doctor's alleged victims. John Halligan, brother-in-law of Jenkins, fired at Wheat, missing him. Both are under arrest.


Article from Daily Kennebec Journal, January 13, 1900

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Lewis E. Goldsmith, for years the assistant cashier of the Port Jervis, N. Y., National Bank, who pleaded guilty to have stolen nearly $100,000 from that institution, was sentenced by Judge Thomas in the United States circuit court at New York, Friday, to serve eight years in the penitentiary at Sing Sing. The bank is in the hand of a receiver.


Article from New-York Tribune, February 24, 1900

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PORT JERVIS BANK TO OPEN. Middletown, N. Y., Feb. 23.-The National Bank of Port Jervis, which suspended on December 10, owing to alleged defalcation by the assistant cashier, Goldsmith, will resume business on March 5. Robert D. Muir, of East Orange, N. J., will be


Article from New-York Tribune, March 4, 1900

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PORT JERVIS NATIONAL BANK TO RESUME. Washington, March 3.-The National Bank of Port Jervis, N. Y. which suspended payment on December 19, 1899, having complied with the conditions imposed by the Controller of the Currency, and its capital being now unimpaired, has been permitted to resume, and will open its doors for business on Monday. March 5, as an active National banking association.


Article from Barre Evening Telegram, March 5, 1900

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Port Jervis Bank to Reopen. Washington, March 5.-The National bank of Port Jervis, N. Y., which suspended payment Dec. 19, 1899, having complied with the conditions imposed by the comptroller of the currency and its capital being now unimpaired, has been permitted to resume and will open its doors for business as an active national banking association.


Article from The Manitowoc Pilot, March 8, 1900

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THE NEWS IN BRIEF. For the Week Ending March 7. Secretary Root left Washington for a short visit to Cuba. The ninetieth birthday of the pope was celebrated in Rome. Japan is said to be increasing its standing army to 300,000 men. Ninety-five thousand men are idle in Chicago because of labor troubles. Congress is urged to act upon the bill giving statehood to New Mexico. A Manila paper says many leading Filipinos are in a plot to kill Americans. Edward S. Dreyer, former banker, was convicted in Chicago of embezzling $316,032. The republicans of the Thirteenth district of Indiana renominated A. L. Brick for congress. Ex-President Cleveland left Princeton, N. J., for a fishing and hunting excursion in Florida. Congressman C. A. Boutelle, of Bangor, Me., has nearly recovered from a supposed fatal illness. Admiral Remey will command the Asiatic fleet, succeeding Admiral Watson, whose health is bad. Tom Sharkey and Bob Fitzsimmons signed articles of agreement in New York for a 25-round fight. The bill to repeal the Goebel election law was killed in the lower house of the Kentucky legislature. Lord Curzon. viceroy of India, says 4,372,000 persons are receiving relief daily from the government. Thomas Smith, a young negro, was hanged at Goldsboro, N. C., for the murder of Charles Cawthorne. Engineer Oliver and Fireman Adams were fatally injured in a wreck on the Illinois Central at Pope, Miss. The Louisiana republican state convention in New Orleans elected delegates instructed for McKinley. The transport Grant arrived in San Francisco from Manila with 201 sick soldiers and 67 discharged men. The National bank of Port Jervis, N. Y., which suspended payment last December, has reopened its doors. Prince Ferdinand is reported about to declare Bulgaria's independence of Turkey and assume the title of king. The president has sent to the senate the correspondence and instructions bearing upon the Philippine insurrection. An express train on the Canadian Pacific road jumped the track near Pontypool, Can., and 25 persons were injured. The New Jersey republican state convention to elect delegates to the national convention will be held at Trenton April 19. The convention in New Orleans of the National Editorial association elected W. F. Parrett, of Waterloo, Ia., president. Two cruisers have been ordered to Central America to protect American interests in a threatened war between Costa Rica and Nicaragua. J. F. Sieberling, formerly an extensive manufacturer at Akron, O., filed a petition in bankruptey with liabilities of $800,000 and assets of $30. Jim Crosby (colored) was shot dead and his wife and daughter fatally shot by a mob at Letohatchee, Ala.


Article from Warren Sheaf, March 8, 1900

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Immense coal beds have been found in the vicinity of Dawson, Alaska. Elida Wilbur, a San Francisco girl, is recovering from a trance that has lasted two years. The exchanges at the leading clearing houses in the United States during the week ended on the 2d aggregated $1,715,196,307, against $1,389,285,879 the previous week. The decrease compared with the corresponding week of 1899 was 20.1. There were 222 business failures in the United States in the seven days ended on the 2d, against 201 the week previous and 186 in the corresponding period of 1889. Congressman Sydney Eppes, of Virginia, who was operated on for appendicitis, died in Washington. Business in New England, New York and Canada was almost at a standstill because of deep snow and floods. The president and Mrs. McKinley arrived in New York to attend the Ohio society's banquet. Thomas Smith, a young negro, was hanged at Goldsboro, N. C., for the murder of Charles Cawthorne. Will Leonard, a negro, who murdered Francis Dean and wife, was hanged at Talborton, Ga. Fire destroyed property valued at $100,000 in the business portion of Vienna, Ill. The amount of money in circulation March 1 in the United States was $2,002,931,791, an increase since March 1, 1899, of $74,089,179. James Powers, a schoolteacher, and W. A. Fuller, a farmer, fatally wounded each other in a fight at Brewersville, Ind. Labor troubles in Chicago have assumed a most serious aspect, over 39,500 men being on a strike. Baron Geyers, the new minister from the Netherlands, arrived in Washington. The convention in New Orleans of the National Editorial association elected W. F. Parrett, of Waterloo, Ia., president. Jim Crosby (colored) was shot dead and his wife and daughter fatally shot by a mob at Letohatchee, Ala. Crosby had threatened revenge for the lynching of a friend. Congress is urged to act upon the bill giving statehood to New Mexico. The National bank of Port Jervis, N. Y., which suspended payment last December, has reopened its doors. The three children of Charles Wenger were burned to death near Olympia, Wash., during the absence of their parents. In a speech at a banquet of the Ohio society in New York President McKinley said there could be no imperialism, that the war responsibilities would be properly met, and that the people would settle the questions of the new possessions. Six men were burned to death in a lodging house fire in New York city.


Article from Perrysburg Journal, March 9, 1900

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Immense coal beds have been found in the vicinity of Dawson, Alaska. Elida Wilbur, a San Francisco girl, is recovering from a trance that has lasted two years. The exchanges at the leading clearing houses in the United States during the week ended on the 2d aggregated $1,715,196,307, against $1,389,285,879 the previous week. The decrease compared with the corresponding week of 1899 was 20.1. There were 222 business failures in the United States in the seven days caded on the 2d, against 201 the week previous and 186 in the corresponding period of 1889. Congressman Sydney Eppes, of Virginia, who was operated on for appendicitis, died in Washington. Business in New England, New York and Canada was almost at a standstill because of deep snow and floods. The president and Mrs. McKinley arrived in New York to attend the Ohio society's banquet. Thomas Smith, a young negro, was hanged at Goldsboro, N. C., for the murder of Charles Cawthorne. Will Leonard, a negro, who murdered Francis Dean and wife, was hanged at Talborton, Ga. Fire destroyed property valued at $100,000 in the business portion of Vienna, Ill. The amount of money in circulation March 1 in the United States was $2,002,931,791, an increase since March 1, 1899, of $74,089,179. James Powers, a schoolteacher, and W. A. Fuller, a farmer, fatally wounded each other in a fight at Brewersville, Ind. Labor troubles in Chicago have assumed a most serious aspect, over 39,500 men being on a strike. Baron Geyers, the new minister from the Netherlands, arrived in Washington. The convention in New Orleans of the National Editorial association elected W. F. Parrett, of Waterloo, Ia., president. Jim Crosby (colored) was shot dead and his wife and daughter fatally shot by a mob at Letohatchee, Ala. Crosby had threatened revenge for the lynching of a friend. Congress is urged to act upon the bill giving statehood to New Mexico. The National bank of Port Jervis, N. Y., which suspended payment last December, has reopened its doors. The three children of Charles Wenger were burned to death near Olympia, Wash., during the absence of their parents. In a speech at a banquet of the Ohio society in New York President McKinley said there could be no imperialism, that the war responsibilities would be properly met, and that the people would settle the questions of the new possessions. Six men were burned to death in a lodging house fire in New York city.


Article from Willmar Tribune, March 14, 1900

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THE EAST. At Port Jervis, N. Y., the National bank, which suspended payment last December, has reopened its doors. Congressman Boutelle, of Bangor, Me., has nearly recovered from a supposed fatal illness. In a lodging house fire in New York city six men were burned to death. President McKinley in a speech at a banquet of the Ohio society in New York said there could be no imperialism, that the war responsibilities would be properly met, and that the people would settle the questions of the new possessions. Bob Fitzsimmons and Tom Sharkey signed articles of agreement in New York for a 25-round fight. Grover Cleveland left Princeton, N. J., for a fishing and hunting excursion in Floria. New Jersey republicans will hold their state convention at Trenton April 19 to elect delegates. to the national convention.


Article from The Hope Pioneer, March 15, 1900

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THE EAST. At Port Jervis, N. Y., the National bank, which suspended payment last December, has reopened its doors. Congressman Boutelle, of Bangor, Me., has nearly recovered from a supposed fatal illness. In a lodging house fire in New York city six men were burned to death. President McKinley in a speech at a banquet of the Ohio society in New York said there could be no imperialism, that the war responsibilities would be properly met, and that the people would settle the questions of the new possessions. Bob Fitzsimmons and Tom Sharkey signed articles of agreement in New York for a 25-round fight. Grover Cleveland left Princeton, N. J., for a fishing and hunting excursion in Floria. New Jersey republicans will hold their state convention at Trenton April 19 to elect delegates to the national convention.


Article from The Morris County Chronicle, March 16, 1900

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The National bank of Port Jervis, N. Y., which suspended several months ago owing to the defalcation of Assistant Cashier Goldsmith, has resumed business with 158 stockholders as against 84 at the time of the suspension. Recent inundations in the department of Muquogua, Peru, have caused losses to property estimated at $1,500,000. The inhabitants are petitioning the government to exempt them from the payment of taxes in view of the floods. Three persons were killed and 15 injured by the wrecking of the Northampton train of the New York, New Haven and Hartford railroad, which plunged through a trestle bridge a mile north of Plainville, Conn., on Thursday.


Article from The Citizen, December 8, 1909

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Port Jervis Man Under a Cloud. Robert Davidson Muir was cashier of the National Bank of Port Jervis, from the time of its reorganization in March, 1900, to January, 1905. He came to Port Jervis on the recommendation of National Bank Examiner I. C. Moore of Washington, who was appointed receiver by the comptroller when the bank was compelled to suspend because of the Goldsmith defalcation. He was born in Missouri and later the family moved to Lincoln, Neb. At the age of nineteen years, Muir entered the First National Bank of Lincoln, as messenger, and rose to the position as assistant cashier. From this office, he was made a national bank examiner and was the assistant of Bank Examiner C. E. Hanna for the New York, Philadelphia, Baltimore and Washington territory. In January, 1905, he was forced to resign his position because of his irregularity. He also attempted to wrest the control of the bank from Dr. W. L. Cuddeback, its president since the reorganization by securing proxies of stock, but was unsuccessful. Later he attempted to organize a trust company in Port Jervis, but failed in that also. From Port Jervis, Mr. Muir went to New Haven. He became cashier of the Peoples' Trust Company. He has now unaccountably disappeared and it is rumored a shortage of $23,000 is the cause of his going away.