16887. City Bank (Rochester, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 20, 1882
Location
Rochester, New York (43.155, -77.616)

Metadata

Model
gpt-5-mini
Short Digest
fe01203c

Response Measures

None

Description

City Bank of Rochester closed its doors Dec 20–21, 1882 after discovery that President C. E. Upton had used/misappropriated bank funds in oil/speculation. A receiver (Hobart F. Atkinson) was appointed Dec 26, 1882. Contemporary reports describe a large deficiency and permanent failure; later receivership and court proceedings confirm closure. Articles describe 'great excitement' but do not report a distinct misinformation-driven run; cause is bank-specific adverse information (speculation/embezzlement).

Events (3)

1. December 20, 1882 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closure caused by misappropriation/speculation in oil and stocks by President Charles E. Upton leading to a large deficiency (reports $350,000–$500,000).
Newspaper Excerpt
The City Bank, rated the third strongest in the city, closed its doors this morning. There is said to be a deficiency of $500,000. The cause of the suspension is thought to be speculation in stocks and oil by the President, Charles E. Upton.
Source
newspapers
2. December 21, 1882 Other
Newspaper Excerpt
The William C. Moore private banking house at Victor, N. Y., suspended yesterday, owing to the suspension of the City Bank of Rochester. Great excitement prevails among depositors in Victor and elsewhere as a consequence of the City Bank failure. (reports of contagion to other banks).
Source
newspapers
3. December 26, 1882 Receivership
Newspaper Excerpt
Hobart F. Atkinson, president of the Commercial Bank of Rochester, has been appointed receiver of the City Bank of Rochester. His bond was fixed at $100,000.
Source
newspapers

Newspaper Articles (23)

Article from Sacramento Daily Record-Union, December 21, 1882

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Disastrous Bank Failare. ROCHESTER (N. Y.), December 20th.-The City Bank, rated the third strongest in the city, closed its doors this morning. There is said to be a deficiency of $500,000. The cause of the suspension is thought to be speculation in stocks and oil by the President, Charles E. Upton. Great excitement prevails. [SECOND DISPATCIL 1


Article from Evening Star, December 21, 1882

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A DENIAL FROM CAIRO. LONDON, Dec. 21.-A dispatch to Reuter's telegram company from Catro says it is untrue that M. Bredif has resumed the functions of controller. THE UNION GENERALE CONVICTS APPEAL PARIS, Dec. 21.-President Bontoux and Manager Feder, of the Union Generale, who were yesterday sentenced to imprisonment for acts in connection with the management of that Institution. have lodged an appeal against their sentence. It will be heard in February. A PRINCESS COMPLAINS OF HER ARRESTED HUSBAND'S TREATMENT. LONDON, Dec. 21.-Princess Krapotkine telegraphs that the gendarmes who arrested her husband at Thonon would not even permit htm to at tend the funeral or his brother-in-law. THE PRINCE OF WALES AND GAMBETTA. LONDON, Dec. 21.-On the news reaching the Prince of Wales that M. Gambetta had a relapse, he telegraphed inquiring as to the real condition of the sufferer. A reply was forwarded that M. Gambetta's wound had thoroughly healed, and that a careful examination had satisfied the physicians that the condition or the patient was as satisfactory as could be expected. INDUSTRIAL INTERESTS IN PRUSSIA. BERLIN, Dec. 21.-The Prussian government in. tends to replace chambers of commerce by chambers of economists, to comprise artisant and representatives of manufactures, agriculture and commerce, who are to be chosen by corstituencles. These chambers are to choose & council, which is to act as a central association. HEBREW CHEMISTS IN RUSSIA. ST. PETERSBURG, Dec. 21.-The Golos says the senate has decided to accede to the request of cer tain Jewish chemists to rescind the order of Gen. Ignatleff forbidding Jews from keeping chemists' shops outside of those parts of the empire set aside for Jews to reside in. THE CZAR COMMUTES A WOMAN'S DEATH SENTENCE. ST. PETERSBURG, Dec. 21.-It is officially an. nounced that the Czar has commuted to imprisonment at hard labor for an indennite period the death sentence of the woman convicted of wounding the governor of Tschita. A PASSENGER TRAIN ROBBED BY ITALIAN BRIGANDS NAPLES, Dec. 21.-A passenger train has been stopped and robbed by an armed band. The government has offered a reward of 2,000 francs for the apprehension of the robbers. EMIGRATION AS A CURE FOR IRISH ILLS. DUBLIN, Dec. 21.-The secretary of Mr. Tukes' emigration fund has Issued an appeal for aid to enable distressed people in Ireland to emigrate to Canada and the United States. He says that so well are the emigrants already sent out prospering that some or them have begun to send home money to assist their relatives to emigrate, and thus a beginning has been made in the poorest atstricts in the west towards starting a natural flow of emigration. The local government board has applied to Mr. Tukes' committee for cooperation in furthering the government's emigration scheme. The districts already entrusted to the committee contain an aggregate population of over thirty thousand. TWENTY PERSONS KILLED BY A MINE ACCIDENT. DORTMUND, PRUSSIA, Dec. 21.-While a cage was descending the Hardenburg mine yesterday the chain to which It was attached broke and the cage fell, killing twenty persons. THE EUROPEAN WAR CLOUD. BERLIN, Dec. 21.-The National Gazette says movement of troops is contemplated with the ob ject of stationing larger garrisons on the Russian frontier. The erection of large barracks and the double tracking or some of the eastern railways are projected. The North German Gazette, referring to the remarks of the St. Petersburg Galos in regard to Prussia's military preparations, says: The measures are defensive. Nobody could regard them as signifying preparation for immediately impending wars. The Rochester Bank Failure Causes Another. GREAT EXCITEMENT AMONG DEPOSITORS. ROCHESTER, N. Y., Dec. 21.-The William a. Moore private banking house at Victor, N. Y., which was obliged to close its doors yesterday, owing to the suspension of the City Bank of Rochester, has liabilities estimated at $100,000. Mr. Moore has made an assignment of the assets to Jostah Upton, of Victor. as follows: Farm worth $12,000, mortgaged for $6,000; bank building worth $12,000. mortgaged for $7,000, and cash and paper in the bank vaults estimated at $10,000. There are about 1,200 depositors, seventy or whom have balances on deposit of $35,500. The greatest exettement prevails in Victor, and business men doubt if the bank will pay ten cents on the dollar.


Article from Public Ledger, December 21, 1882

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Heavy Failure. ROCHESTER, N. Y., December 21.Wm. C. Moore's private banking house, Victor, N.¥ has closed doors. The suspension is caused by the failure of the City Bank, of Rocheater, The liabilities are estimated at $100, 000. Moere made assignment in Josiah Upton. The bank is hardly able to pay more than ten cents on the dollar,


Article from Daily Kennebec Journal, December 21, 1882

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A Bank Closed. ROCHESTER, N. Y., Dec. 20. The City Bank, rated the third strongest in the city, closed its doors this morning. There is said to be a deficiency amounting to $500,000. The cause of suspension is said to be speculation in stocks and oil by the president, Chas F. Upton. Great excitement prevails. Depositors are not likely to lose their oney, stockholders being liable for $200,000. being far more than the average of deposits. J. B. Perkins, one of the directors, and an attorney of the broken bank of Roches. ter, N. Y., states that the cause of the failure was speculation with the funds of the bank by the president, C. E. Upton, in oil. It is said that President Upton drew $75,000 last night for his private use. He drank heavily last evening. The city has no funds in the bank, but the county is badly involved,


Article from The Daily Gazette, December 21, 1882

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LAST NIGHT'S NEWS IN BRIEF. There were two slight earthquakes at Panama on Tuesday. 20 counterfeit plates, captured by Service Secret in the of being for a corn and William at stroyed "short" The Over Randall, Chicago, oats. Bell failed considerable Treasury C. agents, & yesterday Moore Co., have Department. commission Banking amount morning, just House been in dealers deVictor, New York, suspended yesterday, in consequence of the City Bank failure at Rochester. The farm buildings of E. C. Hawkes, at Charlemont, Mass., were burned yesterday with 150 sheep, 50 calves and a quantity of hay and grain. Daniel and Thomas League were arrested yesterday in Mobile, while passing counterfeit quarter dollars, and implements were found in their possession. The Copeland Hotel, and a block adjoining, in Pembroke, Canada, were burned Three yesterday morning. Loss, $10,000. lives were lost in the hotel. The schedule in the assignment of Graham & Altken, dry goods merchants of New York, shows liabilities amounting to $169. 849, and actual assets amounting to $128,914. The hospital of the Sisters of Charity at Big Rapids, Micbigan, was burned yester day, and a valuable library, belonging to the estate of the late Father de Conick, Was destroyed. An incendiary fire at Morristown N. J., yesterday morning, destroyed a large barn and outbuilding belonging to Senator Randolph, also a new steam ditcher, lately patented by him and built at an expense of over $6,000. The trouble at Opelika, Alabama, continues. The house of B. H. Heiser, editor of the Times, was fired into on Tuesday night. Ten buckshot crashed through his bedroom window and buried themselves in the opposite wall. General N. M. Curtis, convicted in New York of violation of the Anti-political Assessment law and sentenced to pay a fine of $1,000, yesterday, handed over a check for the amount, in open court, and was diecharged from custody. A telegram from Concord, N. H., says that "one of the largest and most brilliant meteors ever observed" there was seen yesterday afternoon. between 4 and 5 o'clock. It passed from west to east, and "was as plainly visible as meteors usually are after dark." The frame shop of Frazer & Jones, contractors, in the yard of the County Prison at Syracuse, New York, was burned yesterday morning, and Henry W. Austin, watchman, was burned to death. The loss on property is estimated at about $40,000. Charles A. Dunning, a well-known citizen of Denton, Md., was found dead in his carriage near his house yesterday morning, with his head badly cut and bruised, hanging between the front wheel and the shafts. A coroner's jury found that his death resulted from an attack of vertigo. An attempt was made on Tuesday night to burn the town of Henderson, North Carolina. Three stores were fired, one of them in four places, coal oil being used freely. A vigilance committee of fifty has been formed to patrol the town at night. A few years ago the town was almost entirely destroyed by incendiary fires. The jury in the case of Solomon Jones, on trial at Chesterfield, Va., for the murder of his son, rendered a verdict on Tuesday night of not guilty, ud the prisoner was discharged. After his arrest Jones denied the murder, saying that his son had been killed hy a train on the Richmond and Petersburg Railroad. The father will now sue the road for damages. The Second National Bank of Jefferson, Ohio, has suspended, in consequence of embezzlements by S. J. Fuller and H. L. St. John, the cashier and assistant cashier. Fuller has used from $50,000 to $75,000 of the bank's money and has fled. St. John stricken with paralysis on hearing of the discovery of the crime. It is said the depositors will lose nothing, as the stock. holders are liable for $200,000, which is far more than the average of deposits. THE LARGEST RETAIL STOCK OF DRY


Article from Eureka Daily Sentinel, December 22, 1882

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Mrs. Langtry Looking Cheerful and Happy. ATTRACTS MUCH ATTENTION ON CHESTNUT STREET Gebhardt Denies that He was Ordered from the Greenroom of the Theater. LANGTRY COLDLY RECEIVED IN HER AP: PEARANGE AS ROSALIND. {SPECIAL TO THE SENTINEL PHILADELPHIA Pa Dec. 21 The discovery of Fred Gebhardt name on the registry of the Bellevue, where Mrs Langtry is stopping. caused thrill of ex: citement in society circles, that was not at all lessened when it was learned that they had breakfasted together. Mrs Langtry rooms are on the first floor and Gebhard on the floor above. near the head of the stairs. At 1 o'clock vesterday Mrs. Lang try, who had remained in her apartments stepped into Broad street Accompanied by Gebhardt and Richard Peters. The trio Mrs. Langtry forming the central figure walked briskly along until they reached Chestnut street down which they turned Langtry looked cheerful and happy. Or passing the Hotel Langtry and hunthe was recoguiz struggling dreds of met Gebbardt, get good was the and peace, hailed took seats hotel Gebhardt ance that expulsion Stelson Mrs. the company flowers. There Details the Kingston Fire. details fire at recent that had Kingston hand there heen put to The engine the their for Seat. Collector, the Curtis Mrs. Labonchere Applies for a DI. vorce. RICHMOND, Dec. 21.-Suit bas been entered Chancery Court of Richmond by Mrs Henrietta Pigeon who sues by her next friend C J Carrington for divorce from husband, Richard Pigeon. alleges married July 1861 shortly the More than husband deserted her and of marriage the Pigeon is Mrs ermerly The of the Chancery Court A Storage Car Burned. W Dec. 21.-A telegram was received by the Superintendent of the mail that a storage car on train the New York and Chicago of the Wabasb of letters letters much and San which arrived by the St Bothnia The Star Route Case, WASHINGTON Dec. 21 Ingersoll began his opening ad on behalf of the Dor aeys this morning He them disregard popular the President and regard simp the facts He began eulogizia Dorsey when the Court stopped him. He must limit his speech to what he expects to prove and not turn the witness regarding his friendship with Dorsey Another Bank Bursted. ROCHESTER, Dec. 21.- Wm. C. Moore's private banking house at Victory N. Y has closed its doors. The suspension was caused by the failure of the City Bank of Rocheater liabilities are estimated $100,000 Moore made an assignment Josiah Upton The bank can hardly 10 than genta. more pay The Pheking Business. CHICAGO, Dec Philip D Armour says the outlook for the packing business was never better. Hi firm are killing 700 head of cattle and 10.000 hogs daily This year they killed 150,000 head of cat and 1,500,000 hogs. They employ 9,000 men. and draw checks daily for from $200,000 to $300,000. The Socialist Parade CHICAGO Dec. 21.-Mayor Harrison says he will not interfere with the parade


Article from The Daily Gazette, December 22, 1882

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LAST NIGHT'S NEWS IN BRIEE Rear Admiral James F. Schenck, retired, died yesterday, in Dayton, Ohio, aged 75 years. Major Julius W. Mason of the Third Cavalwy, died at Fort Huachuca, Arizona Territory on Wednesday. J. N. Tomlinson, ex-Chief Clerk of the Custom House at New Orleans, has been indicted for embezzling Government property. The Laucaster Gingham Mills at Clinton, Massachusetts, employing nearly 2,000 persous, have announced a general reduction in wages of 8 per cent. The reduction is accepted by the operatives. F. N. Briggs, Superintendent of the letter carriers and Chief Clerk of the Post Office at Denver, Colorado, was arrested yesterday on a charge of stealing money from registered letters and held in $1,000 bail. Special Treasury Agent Helehbold, who has been investigating charges of enormous smuggling on the Niagara river, pronounces the charges "extravagant, preposterous and absurd, with scarcely a grain of truth in them." The Grand Jury at New Orleans has indicted Thomas Clark, Stephen J. Philbin, John C. Murphy, William Nelson and Peter Mulholland for . participation in frauds at the recent election. They were held each in $1,000 bail. The Mansard Bleck in Oswego owned by the United States Life Insurance Company of New York, was burned on Wednesday night, and the Union Hotel, adjoining, was greatly damaged. The loss is estimated at about $75,000. The liabillities of the William C. Moore private banking house of New York. compelled to close by the suspension of the City Bank of Rochester, are estimated at $100.000. Mr. Moore has assigned his farm and bank building, valued at $12,000 each, the former being mortgaged for $7,000 and the latter for $7,000, and has also turned over cash and paper in the bank vaults estimated at $10,000. The new building of the Commercial Advertiser, in Buffalo, was destroyed by fire last evening, and the Masonic Hall building opposite, was nearly destroyed. The Advertiser building was occupied also by Henry D. Blakeslee, wholesale saddler, and the lower stories of the Masonic Hall were occupied by Greiner & Co., wholesale grocers. The total loss is estimated at $300,000.


Article from New-York Tribune, December 22, 1882

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TEN PAGES. THE NEWS THIS MORNING. FOREIGN.-Twenty persons have been killed in a Prince Krapotkine and mine in Prussia. forty-tive other anarchists will be tried in Lyons General Sir E. Wood has arrived next month. in Egypt, where he will take command of the Khe= An attempt will be made todive's Army. day to identify Westgate as one of the Phonix Park assassins. The arrangements for the French expedition to Tonquin are assuming definite shape. Cardinal Donnet, Archbishop of Bordeaux, is seriously ill. CONGRESS.-In the Senate yesterday a resolution to take a recess from December 22 to January 3 was defeated by a vote of 25 to 36; the Civil SerIn the vice Reform bill was further discussed. House the consideration of the Army Appropriation bill was continued in committee; the discussion was ended, but the committee rose without taking further action. DOMESTIC.-The Commercial Advertiser building and the Masonic Temple in Buffalo were burned yesterday; loss $300,000. Forefathers' Day was celebrated in Boston by the Congregational Club. = The banking house of William C. Moore, in Victor, Y., suspended yesterday in consequence of the failure of the City Bank of Rochester. Representatives of the iron manufacturers west of the Alleghanies met yesterday in Philadalphia, and declared in favor of the Tariff Commission's Report. = Military have been called out to suppress rioting in Lincolnton, N.C.; the negroes threatened to burn the village. George Bancroft, the historian, has founded a scholarship. CITY AND SUBURBAN.-The New-England Sosiety in Brooklyn celebrated its third annual festival last night; there were speeches by Mr. Evarts, Justice Noah Davis, S. L. Woodford and others. The steamship Alvo arrived yesterday from Jamaica, bringing particulars of the Kingston fire. - The investigation of Castle Garden affairs was continued. Herr Barnay, the German trageA fire in Fourdian, arrived on the Werra. = teenth-st., nearly opposite the Academy of Music, created much excitement the total loss was about $175,000. Gold value of the legaltender silver dollar (41212 grains). 84.75 cents. === Stocks were dull and génerally fluctuated with narrow fractions; they closed weak. THE WEATHER-TRIBUNE local observations indicate warmer and cloudy weather, with light rain, followed by fair or clear weather. Temperature yesterday: Highest, 38°; lowest, 31°; average, 3478°


Article from Burlington Weekly Free Press, December 22, 1882

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fers to his Wife N ures likely to Result. (By Telegraph to the Free Press and Times.) ROCHESTER, N. Y., Dec. 20.-Through City misappropriations of the funds of the E. of Rochester by its president, C. to carry on oil amounting to bank Upton, misappropriation speculation about its $350,- doors. (the the bank this morning closed of deposits is the amount of paper Upton was New York The 000 C00) bank and Western amount at $800,000. Episcopal stated held treasurer at diocese by $500.- the of the its funds in the bank. The savings of the city had large sums on of the mostly merchants. It is is in and banks The the had bank. depositors suspended feared There deposit that bank a were number of failures will follow. Accordindignation against Upton. capgreat to the last report the bank's paid up ital ing was $200,000, a surplus of $20,000. Mass. Dec. 20.-The Traveller BOSTON, "It is stated that Upton, president made imsays: City bank of Rochester had wife of the transfers of real estate to his subwithin portant a few days. The bank has been Considject to gossip here for some time. erable paper is held in this section. : A Resulting Failure. 1 ROCHESTER, N. Y., Dec. 20.-Wiiiiiam C. Moore's banking house at Victor, consequence N, Y., sus pended to-day it is supposed in Rochester. ) of the failure of the City bank of : I A statement by the Bank's Attorney The The President's Speculation i Cause of the rouble. J. Breck Perkins, attorney of the City one of its directors made the fol/ statement this morning : S last evening to the attorney 1 graphed Bank lowing and directors, "I -general asking teledirection of the board of I to apply to the court S I of a receiver. Judge n he would grant the as I permission by pointment that application Dwight for the soon said apwas received from the attorney-genI an answer last . was at Norwich. a g as eral. Mr. word Russell expected have Here night, to is go but de- to spatch from him now. shall is Albany to see him. A month ago I considered of the : bank perfectly sound. The causo funds the failure was speculation in oil with the he bank by President Upton. Lately of has to the amount of ), of barrels : 200,000 S for himself and a great e not connected with said, other thousands the speculated deal hundreds the barrels, more bank. for he of a , parties there was or three weeks ago o fall in prices. He took 'S the bank to carry this. ) we, the directors, were e of the City bank had d after heavy from Two checks that, Immediately been the informed thrown money New the American Exchange bank We S d investigation to get 11 we could and found is ced that out formation York, by an its correspondent. then everything what commen- in in confusion. We wished Mr. Upton that y in n statement and he finally said a about $200,000 and had a to he make owed which property he agreed of in value of about $150,000 was the to the bank. His statement 1, as to the amount of : equivocation. Cand myself went to New y officers of the American l'saw to indefinite there P. secure Ross the was apparent information the York exchange debt Mr. and and L. as bank. They gave us such I, ie they could and advised us to try and carry we through and get in what money what e could. Upton We came back and got in S IS money The we bank could. holds about $88,000 of paper, is I which, outside of Upton's amount, we con ful t. sidered would have been collectable at to value if the bank had not been compelled IS We have not examined is as we should like to, not 1. of will see the close. closely time. Perkins attorney-general the having City books bank had this as Five weeks ago the a draft to another bank here; in the hands of a protested. es evening. gave paid was placed before Another favor notary, the draft of draf bu the o of the City bank in n alluded to was thrown out a Exchange bank of the remittance from the cause bank $18,000 American above New City president bank York by die the be in time meet it. The a seat the amount in to however, not arrive time here save de- a es About that time the banks Several d cided protest. to form a "clearing house." ob y meetings of the committee to further the in were held, but no report was made ner jeet time to include the bank before its failure.


Article from The Portland Daily Press, December 23, 1882

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The Week's Failures. NEW YORK, Dec. 22.-The business failures throughout the country for the last seven days as reported to R. G. Dun & Co., number 197: Eastern States, 22: Western, 62; Southern, 40; Middle, 35; Pacific coast, 20; Canada, 12; and New York city, 6. This is eleven less than last week. The principal assignments in New York are Davison, Griffin & Co fancy goods; J. M. White & Co., teas, an l Swan & Scoville, vinegar. In the country the suspension of the City Bank of Rochester is the event of the week. The other failures in the country are not of much significance.


Article from The Portland Daily Press, December 27, 1882

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MINOR TELEGRAMS. Wreckers are at work at Key West on a capsized vessel, name unknown, of apparently about 500 tons. The Democratic committee in the Ninth Congressional District of Indiana has nominated Judge Ward, Congressman-elect, to fill the vacancy occasioned by the death of Hon. G. S. Orth. Panama advices say that Trenor W. Park, when he died was en route to Panama to make the final arrangement for the transfer of the Panama Railroad to the Panama Canal Company. Wm. Robinson, road commissioner of St. Stephen, was thrown from his carriage Monday and broke his leg. American whaling ship Europa, from Okotsch, has arrived at Panama with 950 barrels whale oil, 200 barrels sperm oil and 10,500 pounds of whalebone. Patterson Brothers of Toronto, wholesale millinery goods, have failed. Liabilities large. Hobart F. Atkinson, president of Commercial Bank of Rochester, has been appointed receiver of the City Bank of Rochester. Josiah S. James, a grain merchant of Portsmouth, N. H., has made an assignment. The barn and blacksmith shop of Charles Dervey in Springfield, Mass., was burned yesterday. Loss $2000; partially insured. Rev. Wm. Gaylord, pastor ot the Third Congregational church in Chicopee, Mass., suffered a severe shock of paralysis and his death is expected. The President will move into the White House from the Soldiers' Home, Friday or Saturday. Pay Director Edward Doran has been placed on the retired list of the navy. Chas. H. Simpson of Northboro, Mass., a well known agriculturist was thrown from his carriage Monday night and killed. James Mace, the prize fighter, has arrived in San Francisco bringing with him a halfbreed Maori who will fight Sullivan. Annie Sullivan was run over by the cars at Winchester, Mass., yesterday and died from her injuries. A twelve year old son of Daniel Rooney of Winchester, Mass., was drowned yesterday while skating. The Turkish minister of marine has written Col. Lay informing him that his torpedo has been rejected by the Turkish government


Article from New-York Tribune, December 27, 1882

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APPOINTED RECEIVER. ALBANY, Dec. 26.-Judge Landon, at Schenectady, to-day, appointed Hobart F. Atkinson, president of the Commercial Bank, of Rochester, receiver of the City Bank of Rochester, The bond was fixed at $100,000.


Article from Memphis Daily Appeal, December 27, 1882

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Receiver Appeinted. ROCHESTER, December 26.-President Atkinson, of the Commercial Bank, has been appointed receiver of the City Bank of Rochester. His bond was fixed at $100,000. NATHAN E. PIERPONT, secretary and Treasurer of the Monroe County Savings Bank for many years, resigned, and Oscar Craig was appointed temporarily. The resignation occasions much speculation. The directors say the books and accounts are all right. The Mooroe County Savings Bank is a preferred creditor of the City Bank to the amount of $50,000. Pierpont is understood to be on C. E. Upton's paper to a large amount. The Savings Bank has a surplus of hundreds of thousands of dollara, and is said to be sound beyond a doubt, There are no indications of a run.


Article from Morris Tribune, December 28, 1882

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RUIN. GREASED The City Bank of Rochester, N.Y., Compelled to Close Its Doors. The Funds Used by Its Oil Truly Good President in Heavy Speculations. Something Like $330,000 Missing, Yet. and the Returns Not All in Great Indignation of the Losers by the Failure. 21 -The City bank, ROCHESTER, N. third Y., Dec. strongest in Rochester, The doas doors the yesterday morning. is said throughout the excitement people in closed Great ficiency rated its prevails to approximate of poor $500,000. city has the because of the interest No investigation suspended institution. cause of the failure, but taken place as claimed to the that Charles E. Upton, in oil stock speculations. used it president is freely of the bank, has lost heavily $350, and Investigation shows that with Upton which to carry oil his peculations 000 of the bank's money The bank held $500,in Upton paper. 000 on of deposits and the $800,000 Western New York bank. Episwas treasurer of and had its funds in had his large copal The small diocese, sa vings Upton. banks All of over the city the city the deposits with is inteuse and of increasing the bank and state one directors, excitement J B. Perkins, attorney makes the considered followi the bank of the "A month ago of the I failure was bank specu- by ment: sound The cause the funds of in the oil lately, speculated of President lation with C. E. Upton, to the amount barrels of 200,000 hundeal who dreds has of said, thousands for himself connected and a great with the a more bank. Two or three barrels, for he other parties weeks not ago there from was the heavy fall in prices. He took money after that bank to carry were formed been thrown out by of the City bank had bank, of New found the directors Exchange this. Immediately and that York the checks every- make owed We the commenced American investigationished We Upton he to thing in confusion. and he finally said of the value of a statement, and had property agreed to secure about $20,000 which he was indefinite as about bank His debt, and there mysel the amount $15,000, of the statement P. Ross and was the appar- Amer- went inthe equivocation. saw L the officers of us such ent to New Exchange York and bank They and advised gave us to what try ican formation as they could, through came and get back in money we money we with Sunday got in what furnish meeting tried and carry to Upton could ourselves At We to could execute ready var- and but We of money the directors Mr. Upto on Monday agreed at 10 the o clock, directors ious conveyances Tuesday morning to go on with the did to subscribe Mr Upton step strength then business, amount We met again in the thinking agreed not do that and it let good $100,000 would and out, it at was Mr. we or 3 keep the bank the afternoon, board that in his Upton then o'clock stated liabilities in to those the of bank the other then own Upton's name represented and $333,000 property, which $50,parties a mortgage on in some value between from the perhaps executed may $100,000. aggregate We the nderstand deposits that amount the Dou and made us that $100,000, and which, statement numbers to of paper, considered the bank bank holds account at face close value in round about Upto $800,000 we its the outside would have of had been not been compelled bank to is H.C. doors." of the directors the Continent of inental the hotel failure yesRoberts. fternoon. unexped He expected He there might terday Another altogether He was cause for at it, said institution. excepting that could President oil con- at 80 was of no on the barrels of ceive have been had a bought run 600,000 have sold $180,000, at $11. 11, but giv- he cent which profit of about per barrel, ing him to hold on for are about 84 still the latest said, margin good; the extent but of Mr. chose Upton Roberts quotations a he might Upton's knowing $1.20 would cents. decline while make This, he President thought the depositors, operations and oil the market, bePresident Upton' place in the run on the bank. which alarmed and it is learned him at From other large quantity that he is ton came had has taken sources however, made says "put" the accommod on that odations Mr. positive $1.30. $25, UpMr. Roberts, Mr. Upton bank did not tc a have larger has sum a than capital of that from his own The City bank without any will cir000 $200,000, or and is iabilities to its all of which, amount to thinks, about will be paid of in age. full. His culation. $30,000. Its $1,000,000 state bank, depositors other repu- Mr. Roberts Upton is about 50 been years good. Among the office of has always trust he holds Episcopal diocese all his possurer of the He has represent To-day a of New in his own dated April was Prefiled purportion he property positions tation property York was of Protestant to be name. sented to The his that 20, indig- 1882, wife deed the among Upon in which valued at $30,stockholders refuses and though nation depositorviewed, is and great Cashier found Barnard, No one the seems bank. in to be the hnow city, anything can not about ascertain be the the the books of names heaviest of yet the It to is impossible to Among Savings bank $50,000, 314,heavy are the Savings about $22,000. in a 000; Monroe Monroe county Upton will be learned and probable creditors County that East-Side treasurer was bauk, a arrested member of It is and Driving few Upton days. is a fast club, liver, the Rochester ntlemen' RochAssociation, of the the Rochester backers 1878 of the and club one club in in the ester held the fizzle the contest and Drivingase-Ball the Park rowing stakes and wherein to famous Court- decide 1879, Chautauqua boat apeated was in wed Washington Another bit be of of ney's had to be the $6,000 erally prize. known failure. will Last Upton's who owned history connect ection not general with the several the Rochester to bull handsomely winter interest he in was form one and railroad of enter a stock syndicate and realize bankers Hannibal to & St. by heavy Joe speculation.


Article from Iowa County Democrat, December 29, 1882

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FIRES AND CASUALTIES Epmoor nas appeared in the stables of a transfer company at Camden, New Jersey. By the explosion of a powder storehouse Wednesday, near Patterson, New Jersey, three men lost their lives. P. J. WALKER & Co., retail shoe-dealers at Danville, Illinois, have made an assignment, with liabilities of $18,000. The steam bark Mendoza, from Bath, Me., for New York, is supposed to be lost. There was a number of passengers on board. A FIRE at Grand Forks, Dakota. Friday, swept away buildings and goods valued at $100,000. Great difficulty in obtaining water was experienced. A LOSS of $85,000 was incurred at Oswew York, Saturday night, by the burning of the Mansard block and the Union hotel. THE collapse of the City bank of Rochester caused the suspension of William C Moore's private banking house at Victor, New York, with liabilities of $100,000. A RUNAWAY couple from Oreida countv. New York, named Thomas Doyle and Katie A. Morgan, were found to have been suffocated bv gas in their room in a hotel in Rochester. JUDGE CLINTON BRIGGS, a pioneer resident of Omaha. who was a candidate for election to the U nited States senate next month, fell from a train at Afton, Iowa, and was found dead on the track. It is believed that he was attacked by a disease of the heart.


Article from Weekly Phoenix Herald, December 29, 1882

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BS on the subject of the Gay, exercises concluding with the singing of a hymn written by Gover. nor Long for the occasion. Upon the conclusion of the services in the church the procession formed and marched to Davis Hall, where plates were laid for a number of guests, and where further exercises took place. Block Burned in Oswege. OSWEGO, Dec. 22-A Mansard block, owned by the United States Life Insurance Company, of New York, was burned last night, together with the Union Hotel adjoining. Loss $85,000, partly insured. Newspaper Destroyed by Fire. BUFFALO, Dec.22-1 fire here last night destroy d the Commercial Ad. vertiser building with its contents, including the files of the paper for half a century. The Masonic temple was in the upper storie+, and wholesale grocery and wholesale saddlery below. The paper's loss on buildng, material, and stock is $175,000; insured for $125,000. The other losses are $150,000. The Advertiser will be issued from the office of the Courier to-day. Henry Smith, the foreman, was fatally injured. Bank Suspended. ROCHESTER, N.Y., Dec. 22-Wm. C. Moore's private banking house at Victor, N. Y., has close 1. The suspension was caused by the failure of the City Bank, of Rochester, Liabilities estimate at $100,000. The assignment is made to Josiah Upton. The bank will hardly pay more than ten cents on Rochester. Socialist Parade. CHICAGO, Dec. 22-Mayor Harrison says he will not interfere with the parade of arinal Socialists when Herr Most arrives, unless a disturb. ance occurs. They violate a stale law in carrying arms, but ao municipal law.


Article from The Times, December 29, 1882

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CONDENSED NEWS Judge Smith of the superior court of Chicago, refused the Western Indiana road an injunction to restrain the ing of DearLorn street. deciding that the law gives power to extend streets over any railroad lands within the corporate Emits. A suit for divorce has been entered at Richmond Virginia, by Mrs. Henrietta Pigeon who was married in London in 1864. This was the former name of Mrs. Labouchere. and. as she recently spent two days in Richmond. it believed that the action was brought in her behalf by her next friend. The iron manufacturers of the west ern cities were quite fully represented at Pittsburgh Wednesday. The volume of trade was reported as fairly good and the prospects for next season exceedingly bright. A resolution was adopted indorsing the rates fixed by the tariff commission. James A. Eads, just previous to resigning the receivership of the Dan ville, Olney and Ohio River road, reported to the United States court at Springfield that $300,000 would be required to put the road in good order and $200,000 more to pay its debts. The Western Distillers' association has resolved to tax each member four cents per bushel on 40 per cent. capacity, which will vield $3,500 to $4,000 per day. Each distiller will receive a rebate of twenty cents per bushel for running less than the allowance. Washington is astonished at rumors now current that within a few nights a Justice of the Supreme Court lost several thousands in a gaming house, and only left the table when the proprietor refused to further honor his personal checks. The tobacco trade in Virginia is paralyzed because of the pending changes of the laws concerning it in Congress. Its manufacture is generally stopped, and fears of suffering among the poorer classes of both races are felt among the people. Prince Taruhito, an uncle of the mikado of Japan, who left home in June and made a tour of Europe, arrived in New York Friday. After visiting President Arthur, the distinguished guest will return by way of San Francisco. The officers of Bellevue Medical college. in Boston were arraigned before Commissioner Hallett for using the mails for fraudulent purposes. was decided that the institution had issued diplomas in accordance with the laws of Massachusetts, and the defendants were discharged. In the case of Theresa Sturla, of Chicago, on trial for the murder of Charles Stiles, the jury rendered a verdict of manslaughter, and fixed the imprisonment at one year in the penitentiary. Itappears that nine of the jurors favored acquittal, and two were for a verdiet of murder in the first degree. Three boilers in the works of the Parlin, & Orendorff Company at Canton, III., exploded with terrific force Saturday morning, wrecking a portion of the building, and causing the death of nine employes. The bodies of the victims were crushed, mangled, and scalded in a shocking manner. Mr. Willis Merrit, of Adrian, Mich a well-known attorney and prominent secret society man. now at Washington as clerk of a Congressional committee. is charged, in collusion with the notorious Naven, with attempting to defraud a widow out of a large part of her husband's insurance money. Victor Jouanneault. whose death at Janesville Wis. is reported. was a graduate of the University of France, tutor in the royal household at Brussels, a Catholic priest in New Orleans, and a teacher of Brigham Young's childrenat Nauvoo. For the past thirty years he led the life of a merchant. Charles E. Upton, president of the City bank of Rochester. has wrecked that institution by speculations in petroleum, in which he is believed to have sunk $350,000. He has surrendered property valued at $50,000. The bank held the funds of the Episcopal diocese of western New York d large deposits by the county and the savings banks. Toledo people were greatly surprised at the result of the election of officers of the Wheeling and Lake Erie road. Through the efforts of Commodore Garrison. Vice PresidentSway and J. S. Oliver were dropped fron the board. Manager Giggs had placed the roundhouse and shops at Norwalk, after Toledo had given franchises valued at $250,000, and Swayne had made a strong protest. Jay Gould appeared before the New York senate committee on grain corners. Uneven transportation he thought the main effect of corners, but they gave producers better prices. He believed that millions of dollars were lost by those who engineered the grain corner in Chicago two years ago. Speculation in grain surely benefited the home dealer. In the district court at St. Louis. Judge Treat certified to the United States supreme court the case of a specialist physician convicted of misusing the mails, remarking that his conviction rested on a decoy letter sent by an agent of a society for the suppression of vice, and a question arose as to who had violated the federal statutes. and whether crime had not been manufactured. Decisive action by the Chicago board of trade against the furnishing of information to bucket-shops has caused Superintendent Clowry, of the Western Union Telegraph company, to order that the objectionable traders be cut off from receiving quotations after this month. There are nearly three hundred bucket-shops in the United States, thirteen being located in Chicago. The


Article from The Labor Enquirer, December 30, 1882

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Notes. Fred Williams and Marshall Mason were looking at an engine at Hartwellville, Massachusetts, when the boiler exploded and they were instantly killed their bodies horribly mangled. Included in the 110 immigrants who landed at Castle Garden Tuesday were six families who intend joining the cooperative farm association, near Jonesville, Michigan. Byron Kimball, of Bangor, Maine, a stock broker cut his throat in the Millikin house, Boston, Tuesday evening. There is little hope for his recovery. A letter from a customer was found on his person, asking for the interest or principal of money invested in cotton speculation. In Dublin they search over one hundred persons nightly under the Curfew clause of the repression act. Several mills, machinery works and other industrial establishments, at Chester, Pennsylvania, have been closed for a time, on account of the depression of trade. Large numbers are thrown out of employment. Atkinson, of the Commercial bank, has been appointed receiver of the City bank of Rochester, and his bond fixed at $100,000. In Petersburg, Virginia, Tuesday, two men, named Samuel Rives and William Rives, cousins, became involved in a quarrel. A colored man, named Parker, endeavored to restore peace, which SO enraged Samuel Rives that he shot the negro. He then shot himself, blowing his head off. There is trouble between the two sets of rogues, known as the Western Union Telegraph company and the Atlantic & Pacific. A suit is brought by William S. Williams on behalf of himself and others similarly interested against the Western Union: The suit is to prevent the payment of dividends on certain stock, by means of injunction.


Article from New-York Tribune, January 21, 1883

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A BANK PRESIDENT INDICTED. ROCHESTER, N. Y., Jan. 20.-The Grand Jury to-day presented five indictments against Charles E. Upton, president of the suspended City Bank. Tne first indictment charges him with grand larceny in stealing $40,000. The second indictment alleges that he embezzled $40,000. The third indictment charges him with embezzling $7,500 of Central Railroad stock. The fourth indictment charges an embezzlement of $24,000 The fifth indictment charges him with overdrawing his accounts at the City Bank, and also with receiving deposits from various persons amounting to $14,470 62 shortly before the failure of the bank, knowing then that the bank was insolvent. He will plead to sthe charges this afternoon.


Article from Burlington Weekly Free Press, March 2, 1883

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# GENERAL SUMMARY. News and Notes From All Quarters. The report that seventy Michigan lumbermen had been accidentally poisoned with strychnine proves to be unfounded. There is a probability that depositors in the defunct City Bank of Rochester, N. Y., will receive about 20 per cent. At Louisville, Ky., it has been ascertained that the loss to the city by the defalcation of Ferguson, the late tax receiver, is $147,200. Two masked men broke into the house of Samuel Bixler, near Zoar, Ohio, Monday night, and overpowering him and his daughter, stole $1200 in coin. A movement is on foot at Montreal for the establishment of a line of steamers from that place to a Mexican port and the development of Canadian trade with that country. In order to reduce municipal expenses the finance committee of the board of supervisors of San Francisco have decided to dispense with all the street lamps. The relief committee at Cincinnati have received upwards of $156,000. The committee sent $1000 to Shawneetown, Ill. It is probable that $50,000 appropriated by the city council will be returned to the treasury. The total damages to dwellings at Lawrenceburg is $54,125, and to factories $90,400. The total losses of all kinds are placed at $433,000. Gov. Porter has written to Mr. Halstead that he has apportioned to Lawrenceburg all that he could spare from the State fund, but that it was wholly inadequate to the needs of the people. Mr. Gladstone has arrived in Paris. He paid a visit to President Grevy and M. Chal-lemel Lecour, foreign minister. Accounts from the district of Gweedore, County Donegal, in the northwestern part of Ireland, indicate that the condition of the people is most distressing. The medical officer of the district reports that the children are much emaciated in consequence of the scantiness of their diet and the general use of seaweed as the principal meal. There is a sick person in almost every house, owing to want of food. Lucius Clark & Co., paper manufacturers at South Bend, Ind., have suspended. Their mill is one of the largest in the West. The police of Palermo hunted for weeks in the hills and woods around the city for Andrea Costa, a desperate bandit, until accident led to the discovery that their man was the occupant of a pleasant apartment in the very heart of the city. Smallpox sems to be getting the upper hands of the authorities at Leadville, where the public schools have been closed and a new pest house is being built.


Article from The News and Herald, March 6, 1883

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GENERAL GOSSIP. -Extremo distress among the people is reported from County Donegal, Ircland. -The tablet to be placed in Rome in memory of Prof. F. B. Morso was unveiled on Monday. -Paper bombs filled with powder were thrown in the way of the Austrian embassy in Romo on Tuesday. -The receivers of the defanet City Bank of Rochester, N. Y., report the liabilities as $635,127. Depositors will received about twenty por cont. of their claims. -Governor Cameron has taken personal command of an expedition against alien oyster dredgers, who are supposed to be intruding on Virginia waters. -Some progress has been made in pumping out the flooded Diamond coal mine at Braidwood, Illinois, but as yet none of the bodies of the drowned minors have been reached. -The New York State Senate, Thursday, passed to a third reading a bill compelling all telegraph, telephone and electric-light companies to lay their wires on the ground. -Marino Guillot, son of a prominont citizen of Dallas, Texas, and a young companion named J. Cheffy, who recently went to Sweetwater, in Texas, to engage in business, were shot and killed there on Monday. -At the inquest into the Catholic school disaster in East Fourth street, New York, one of the sisters engaged in teaching a class when the panic occurred testified that if citizens had not crowded into the hallway and the railing of the stairs had not given way no deaths would have occurred. A party of thirty-two Germans, ladies and gentlemen, left Hawley, Pa., on Monday night, in a large open sleigh, on a pleasure trip. Half a mile from town the sleigh slid oil the icy road into the empty Deleware and Hudson canal, a distance of forty feet. All of the party were injured, six of them seriously. Reinhart Wary, a merchan, died from his injuries. -In the Pennsylvania House of Representatives a bill was reported favorably from the judiciary committoo providing that if the city of Philadelphia shal furnish suitable accommodations for the executive business and for the sessions of the Legislature, without cost to the State, the Legislature will meet in that city on the first Tuesday in January, 1885, and thereafter.


Article from New-York Tribune, October 17, 1883

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THE COURT OF APPEALS. ALBANY, Oct. 16.-In the Court of Appeals to-day the following business was transacted: No. 717-The Mackinnon Pen Company agt. the Fountain Ink Company and others Argued. No. 741-Augusta Edwards and others, executors, agt. Will. tam B Weaver inpleaded with others. Argued. No. 742-Sterman Veeder agt. William Mudgett and others. Argued. No. 343-Julius Forstman and others agt. Herman Schulting. Argued. No. 787-The People agt. the City Bank of Rochester: in the matter of the petition of the Utica National Bank to com* pel a payment to It by Hobart F. Atkinson, as receiver of the City Bank of Rochester, respondent. Argued. No. 744-The First National Bank of Ithaca agt Joseph McGran and Ezra Cornell. Argued. No. 745-Thej Ithaca Gas Light Company agt. Leonard Tre. main and others Argued. The Market National Bank, of New-York, agt. the Pacific National Bank, of Boston Motion submitted. Mather B. Almon and others agt. James G. Hamilton and others; the Bank of Nova Scotia agt. James J. Hamilton and others; the Bank of Nova Scotia agt. James G. Hamilton and others. Motions submitted. Hugh Canaught agt. the Saratoga County Bank. Motion submitted. In the matter of Ferdinand S. Halm, an attorney, the Court took papers. Lewis Brownell and others agt. the National Bank of Gloversville; Henry Stedecker agt. Henry O. Bernard; Christiana Harrison agt the Brooklyn Bath and Coney Island Railroad Company. Motions to dismise appbal. Henty C. Simmons agt. George Voght, On motion the case was revived in the name of Maria 0. Simmons, executor, etc. The following decisions were handed down: In re Eureka Basin Company agt. Peters. Re-argument The People agt. Anderson D. Gibbs. Judgment and convie tion reversed and new trial granted. The Concordia Savings and Aid Association agt. Elizabeth A. S. Reed, impleaded, etc.; William Cunningham agt. the Bay State Shoeand Leather Company, of Massachusetts. Judgment aftirmed with costa. The day calendar for Wednesday is as follows: Nos. 261, 263, 265, 267, 269, 270, 272, 274.


Article from New-York Tribune, April 22, 1884

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# COURT OF APPEALS. ALBANY, April 21.--In the Court of Appeals to-day, Chief-Justice William C. Ruger and associates present, the following business was transacted: No. 153½-The People agt. the City Bank of Rochester, in the matter of the application of Sartwell, Hough & Ford, respondents, to compel the payment of certain notes by Hobart F. Atkinson, receiver, appellant. Argued. No. 770-The People, respondent, agt. Stephen Raymond. appellant. Argued. No. 745-The People, respondents, agt. William Houghkirk, appellant. Argued. No. 154-Henry Smith, claimant, appellant, agt. the State of New-York, respondent. Argued. The day calendar for Tuesday, April 22, is: Nos. 155, 156, 160, 164, 771, 118, 22 and 142.