Article Text
Bank Suspended. ROCHESTER, N. Y., May 19. The Farmers and Mechanics' Bank closed this morning: cause: recent failure of large dry goods houses here.
16897. Farmers & Mechanics Bank (Rochester, NY)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- May 19, 1874
- Location
- Rochester, New York (43.155, -77.616)
Metadata
- Model
- gpt-5-mini
- Short Digest
897c47f3
Response Measures
None
Description
Multiple contemporaneous newspapers report the Farmers & Mechanics' Bank of Rochester closed or has suspended (May 19, 1874) and cite the recent failure of large dry goods houses as the cause. No articles describe a depositor run, reopening, or receivership in the provided texts, so I classify this as a suspension that appears to be a closure (no reopening mentioned).
Events (1)
1.
May 19, 1874
Suspension
- Cause
- Local Shock
- Cause Details
- Closed/suspended because of the recent failure of large dry goods houses in Rochester, weakening local commerce and liquidity.
- Newspaper Excerpt
- Bank Suspended. ROCHESTER, N. Y., May 19. The Farmers and Mechanics' Bank closed this morning: cause: recent failure of large dry goods houses here.
- Source
- newspapers
Newspaper Articles (8)
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TEL EGRAPHIC SUMMARY. The steamship Trojan, from London for St. John's is giyen up for last, she being for'y days out. The Gran Eucampment of Oad Fellows of Indiana met at Indianapolis yesterday The reports of the officers show the Order to be prosperous The Farmers and Mechanics Bank of Reches ter, N. Y., of which Thomas Raine, the State is closed its e r is to have Treasurer, Its sespension manager, supposed doors been yesterday, caused by the recent failure of a large dry goods house* The British settlers in Virginia have completed arrangements for the celebration of the birthday of Queen Victoria, on the 25th inst. The celebration is to last fou. day. It will begin with a ban and a ball, and wind up with 1 hoise races. e 1 to Alder-holl, the great Engyesterday lish The parade Czar ground, went morning. The I usual crowds gathered to see him pase. A state ball in his honor to place at Bachkingbiw palace last night. The Czer reviewed 14,000 troops at Ale shott. T1 e Carlists in Spain st week at c'sed's ome intreuching parties beyond Bilbao, but were driven off with a loss of thirty prisonets. Sixty republicats were killed and wounded. The Carlists are expecting the arrival of a cargo of guns purchased in England. Twenty bodies of victims of the Mill River d'saster, in M sachusetts, were recovered yes. terday, and nearly thirty more are yet to be dug out of the sand and debris. The Committee of the Legislature has examined the reservoir and found it to have been very badly built. BOSTON ABOUT TO LOSE HKR STEAM LINES. It is stated from Boston that the Canard Company are contemplating the transfer of Liverpool and Boston steamers to The reason all New their York. assigned railroad freights for the change is the high rates of and other produce from the in to on There grain is much feeling regard and the West. they matteramong Boston business men, are endoavoring to induce the railroad managers to lower their freights. MONEY.-The Ledger says: The course of the money market, without any marked change, 13 towards increased ease. Money 3 on call is still quoted at 4 to 5 per cent. strictly first-class two-naine paper at per cent. strictly first-class single-name paper at 61 to per cent, loves on Government e collateral at 5 to 6 per cent., and on other first-class bonds and stocks at 6 per cent. REAL ESTATE SALES IN QUEEN ANNE'S COUNTY, MD.-At Centreville, Maryland, Mr. J. West Thompson, Esq., as Trustee, sold a portion of the real estate of the late J. M. Harper, on Tues8 day last, as follows : That portion of the farm known as the Hardcastle Farm near Bridgetown, e containing 107 acres, onjwhich there is a peach orchard of 7000 trees, at $10 per acre, E. E. Wheeler, of New York purchaser. Also a woodS lot of 31 acres and 16 perches, to same purchaser, at $5 per acre. The balance of the tract, about il 152 acres, was not sold. T. J. & B. P. Keating, o Eaqrs., as Trustees sold on the same day the y McLaughlin farm. containing 168 acres, at $9.10 e per acre. Noah Clow purchaser. Wm. McKenney, Esq., as Trustee, sold several woodlots belonging to the estate of the late Walter D. Hardit castle, containing in the aggregate 106 acres, at e $20 per acre. Philipp W. Downce, of Denton, purchaser.
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Considerable excitement has been caused in Washington by the discovery that printed copies of the questions prepared for the several civil-service examinations have become a matter of merchandise, and an investigation has been begun to ascertain the persons who are engaged in furnishing this kind of literature. Gen. A. B. Dyer, of the United States Army, died in Washington on the 20th. Foreign Intelligence. Gen. Juan Burriel, has published a card in a Paris paper explaining his course at Santiago in ordering the execution of the prisoners taken on the Virginius. After citing the laws and orders which he claims gave a warrant for his action Burriel says: "If the laws of Spain are too severe in the Judgment of foreigners I am not the one called upon to arrest their action, and they are at liberty not to tread the soil of Spain. If its method of ruling and govern ing itself does not suit thems their protests in these extreme cases should not be heard, for they only seek thereby to hinder the action of the law. Let their respective.governments come with reclamations, and this is the way to modify these laws, if It be deemed necessary to do so." A Berlin special of the 15th says it was Prince Nicholas, one of the Emperor's nephews, instead of the Grand Duke Nicholas, who was recently arrested in St. Petersburg. He had stolen his mother's diamonds and given them to a French actress, for which he was arrested and would be punished like a common thief. The French Ministry were defeated on the 16th on the proposition to create an upper chamber. They immediately tendered their resignations. These the President accepted, and on the 17th intrusted the formation of a new Cabinet to M. Goulard, of the Right Center. A rumor prevailed in Paris that the extreme Right intended to move the restoration of the monarchy, and, If the motion failed, to vote for dissolution. The Spanish Government has called into active service forty battalions of the reserves. The leader of the Saga rebellion in Japan has been captured and decapitated. The Carlists lately attacked an entrenching party beyond Bilboa, but were driven off with considerable loss. A Constantinople dispatch of the 19th says that, on the preceding night, a fire had destroyed 100 houses in Galata, a Jewish suburb of that city. A London dispatch says that, on the 19th, Count Schouvaloff gave notice that all exiled Poles, with the exception of two or three known assassins, could return to their native country. A London dispatch of the morning of the 21st says that a Cabinet had just been formed in France, the principal members of which are Goulard, De Cazes, Lavergne, Grivart and Cezanne, all of whom belong to the moderate section of the Right and Right Center. The East. In the Massachusetts Senate on the 14th a resolution providing for an amendment to the Constitution to secure the elective franchise and the right to hold office to women was refused a third reading-14 yeas to 19 nays. At a late meeting of the posts of the Grand Army of the Republic of the Department of New York it was agreed that there should be no distinction made on Decoration day between the graves of the Confederate and Union dead. The sixth annual convention of the National Woman Suffrage Association was begun in New York city on the 14th, Susan B. Anthony presiding. The manufacturing towns of Leeds, Hay. denville and Williamsburg, in Western Massachusetts, have been almost completely swept away by a flood occasioned by the bursting of a great water reservoir erected for supplying water-power in dry seasons. Great loss of life and property resulted from this fearful disaster, particulars of which are given elsewhere. Up to the night of the 18th 110 bodies of the victims of the flood disaster in Massachusetts had been recovered. The latest revised lists up to that time made the total number certainly known to be lost 145, which number would probably be augmented as further returns were received. Liberal contributions for the surviving sufferers by the disaster were being raised in Boston and other Eastern cities. The Farmers and Mechanics' Bank, of Rochester, N. Y., has suspended. In the Connecticut Legislature, on the 19th, a vote was had for United States Senator. Of twenty votes in the Senate W. W. Eaton (Democrat) received sixteen, and of 227 in the House Eaton received 132. Senator Buckingham received four votes in the Senate and seventy-six in the House. David A. Wells recelved one vote in the House, and Joseph R. Hawley eleven. Mass meetings in favor of the Eight-Hour law were held by the workingmen in most of the principal Eastern cities on the 18th. A Northampton (Mass.) dispatch of the 20th says the Legislative Committee had just returned from a visit to the scene of the Mill River disaster. An examination of the reservoir showed that the disaster was inevitable in
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PERSONAL. Proceedings have been commenced in the Supreme Court of Wisconsin for the forfeiture of the charters of the Chicago, Milwaukee & St. Paul and the Chicago & Northwestern Railway Companies on the charge of having defiantly and habitually violated the law of the State regulating their franchises. Gen. Sherman's army headquarters are to be moved from Washington to St. Louis in October next. A Washington dispatch says Gen. Sherman thinks there are several advantages in the proposed removal, among which is mentioned the fact that the bulk of the army is stationed west of the Mississippi, and in case of an Indian war or other trouble in that section army operations could be better directed from St. Louis than from Washington. A recent Washington Associated Press telegram says: "President Grant approves of decorating the graves of the Union and Confederate dead alike. He believes the time has come when every feeling of fraternity should be encouraged, and advantage taken of every opportunity to remove any remaining animosity occasioned by the war." The Farmers' and Mechanics' Bank of Rochester, N, Y., has suspended. A crusading band of forty-three ladies was arrested in Cincinnati on the 18th for creating a disturbance upon the public streets. They were released upon parole to appear for trial upon the 20th. Public opinion was being intensified, and a men's league had been formed to aid the women, who were subsequently tried and discharged with an admonition not to repeat the offense. On the 21st Miss Nellie W., daughter of President Grant, and Mr. Algernon C. F. Sartoris, a young and wealthy Englishman of good family, were married at the White House in Washington. The wedding was comparatively a private affair, there being less than 200 invited guests. in attendance. The presents to the bride were numerous and costly. The happy couple left soon after the ceremony for New York, to take passage on the steamer Baltic for Europe. Henri Rochefort has arrived in San Francisco from Australia. Prof. Swing, who was recently acquitted by the Chicago Presbytery upon charges of heresy preferred by Dr. Patton, on the 21st published a note in the Chicago papers announcing his withdrawal from the Presbyterian denomination. A meeting of his church was held on the evening of the 22d, and that body resolved to follow the fortunes of its pastor.
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PERSONAL. The Ohio Constitutional Convention ad journed sine die on the 15th. All the members present had signed the new Constitution. Proceedings have been commenced in the Supreme Court of Wisconsin for the forfeiture of the charters of the Chicago, Milwaukee & St. Paul and the Chicago & Northwestern Railway Companies on the charge of having defiantly and habitually violated the law of the State regulating their franchises. Gen. Sherman's army headquarters are to be moved from Washington to St. Louis in October next. A Washington dispatch says Gen. Sherman thinks there are several advanta ges in the proposed removal, among which is mentioned the fact that the bulk of the army is stationed west of the Mississippi, and in case of an Indian war or other trouble in that section army operations could be better directed from St. Louis than from Washington. A recent Washington Associated Press telegram says: President Grant approves of decorating the graves of the Union and Confederate dead alike. He believes the time has come when every feeling of fraternity should be encouraged, and advantage taken of every opportunity to remove anyremaining animosity occasioned by the war." The Farmers' and Mechanics' Bank of Rochester, N. Y., has suspended. A crusading band of forty-three ladies was arrested in Cincinnati on the 18th for creating a disturbance upon the public streets. They were released upon parole to appear for trial upon the 20th. Public opinion was being intensified, and a men's league had been formed to aid the women. Gen. A. B. Dyer, of the United States Army, died in Washington on the 20th. The trial of Prof. Swing on charges of heresy, which had been in progress for a couple of weeks before the Chicago Presbytery, was
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ling three persons and injuring twelve more. is no longer the banner Iowa State. Missouri, Indiana Kentucky, Grange each has now larger bership than Iowa. A wholesale maker has brought a shoe Dubuque 147 persons to start sufficient there. There were not them. factory vacant houses to accommodate dozen Guthrie county farmers go miles, and pay fifty centsabus for they feed their horses. Last year sell it. used to it for fuel because they could At Council Bluffs, Miss Sarah Royal, aged 23, has commenced W. T. Smith, a widower 60 against summers, for breach of promise marriage. The wife of the Rev. Dr E. Wentworth, editor of the Ladies' Repository, died at her residence at Lockland, Ohio, Saturday night, after one weeks illness. The pews in the new church of have Rev. H. Tyng, New York, months Stephen sold for one year and six above at been premium of $7,500 over and the a fixed rentals, which amounted $30,000. The Pope is suffering from fever, the result of a cold. Receptions been he the Vatican have consequently suspended. It is just about one dan- year ago that he passed through a very gerous sickness. Thomas Rains. the Treasurer of the State and also Chashier of the Farmers and Mechanics' Bank, of Rochester N. Y. which has lately failed and closed its doors, has become insane been through mental excitement, and taken to the Canandaigua Asylum. The religious statistics of Australia show 73,700 Episcopalians, 263, 537 now Presbyterians, 213,436 Methodists, 45,932 Independents, 388,412 Baptists 49,550 other Protestants. and 436,436 Roman Catholics. The Jewish World records the com plete dissolution of the Jewish congregation in The city of Rome, and says that the synagogues are seldom visited, while there is an entire apathy as schools and church organization. A Connecticut man, whose son appealed to the physician, "Do out of right away, the fever at once, ill, bringhim do break up Doctor; even you charge as much as if he went through a whole course of fever." The American Bible Society has and expended on its great within the last work received $668,436 demand year,and for yet is unable to meet the the Bible that comes from every part of the word. The issues of the society during fifty eight years amount to 30, 966,422 volumes. The noted herd of Gen. Meredith sold at Cambridge 50 head of cattle Son yesterday, was Cherub City, bringing Ind., was $25,000. The bull Joan's sold to Alex. Charles, of Dixon, $17,410. The cows Royal Duchess Second and Joan of Are brought $2,000. A Sunday School teacher desirous the dormant powers of asked the question by the scholar, are waking we taught historic incident' "What of Jacob wrestling with the angel? The cautions reply came: "Dunno that zactly, but 'pose , was to tell us we miuen't rastle. Augus K. Campbell brother of Frank the Senator, is on the list candidate for Clerk of the Supreme Court. He is highly spoken of by the press. Heis in the practice of the law in Jasper county, and is very successful. He is at present one of the Regents of the State University. Prof. Swing returned to Chicago Saturday, and in answer to an InterOcean reporter said, "I have only one sentence to utter, and it is this stand by my dispatches and withdraw from the Presbyterian Church, but the same time remain the 'lawless' pastor of the Fourth Presbyterian Church." Young ladies who take a Lap Sunafternoon should have day head-board the door bell placed upon the It is very gentleman who a their young beadsteads. wishes trying and drop in to be compelled to stand jerk the bell for half an hour, especially when his Sunday boots are waking up his corns. The County Council of Grangers Fayette county has organized mutual insurance company. Twelve directors were elected at their April meeting, and subsequently a constitution and by-laws were adopted and officers elected. Two dollars insures a membersbip. In case of loss the people assessed a per cent on the amount sured sufficient to cover the loss. Post Office Department is doing "The a greater business than ever before, and its receipts are much larger. During the month of April 86,000,000 postage stamps, postal cards, &c., were issued and the Department is now on an average one hundred and running tween along thirty and dollars' of one behundred and fifty thousand The moller
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Destructive Conflagration at Independence, Iowa. Other Interesting Personal and General News Items. THE OLD WORLD. the 19th the Carlists attacked an entrenching ON party near Bilboa, but were driven Madrid off with the loss of fifty prisoners. of dispatches of the 22d announce the capture Vittoria by the national troops under Concha. A Carlist raid was being made in the vicinity of of Santander, the insurgents to the number 1,500 being within five leagues of the town. A DISASTROUS fire occurred in Galata, a Jewsuburb of Constantinople, on the night of ish the 18th. One hundred houses were burned. COUNT SHOUVALOFF, the Russian Minister, renotified all Polish exiles that they can three has turn to their native country. Two or known assassins are excepted. THE Hawaiian Legislature convened on the of April. The King delivered an address 30th from the throne advocating a commercial treaty with the United States, but opposing any cession of territory. THE German Reichstag was prorogued on the 21st inst. THE French Cabinet was reconstructed on evening of the 22d, as follows: Minister Affairs, the War, Gen. De Cissey; Foreign Interior, Fourton; Caillaux; Commerce, Tuilof Cazes; Public Works, Finance, Justice, Grivart; Magne; Public Instruction, Cumont; hand; Marine, Montaignac. THE Queen's birthday, the 25th, was celebrated all over England as a general holiday. ConPrince Arthur had been created Duke of connaught. This is the first Irish title ever ferred on any member of the royal family. Italian Parliament, on the deTHE advocated 24th, a measure presented and the by feated the Finance Minister, and the members conse- of Cabinet tendered their resignations in to King Victor Emmanuel refused introaccept quence. the tender and directed them to duce new financial bills. THE NEW WORLD. KINGSTON telegrams of the 23d announce the resignation of the President of Hayti. THE Alcalde of the Mexican town of Jacabo alive reported that he had burned a recently man and his wife on the charge of bewitching one of his neighbors. THE United States Minister to Bolivia, Gen. Croxton, recently died at La Paz. BROOKS left Little Rock on the 19th, accompanied by a small squad of cavalry, The took the road to Fort Smith. and barricades were removed from the streets, anteand affairs were resuming their bellum appearance. The Attorney- been ap eral had resigned, and a successor had pointed. On the 23d the House of Representa- resolutions tives, by a vote of 47 to 9, passed to requesting Senators Clayton and Dorsey the and, in case of their neglect, asking articles resign, Senate to expel them. On the 25th Auditor impeachment against State Associate of Wheeler, Chief-Justice McClure, the all the Justices, the Circuit Justices, and with prominent officials in the State connected in the Brooks movement were reported The the Arkansas House of Representatives. of MeClure and Wheeler were acted upon cases immediately, impeachment being voted by a large majority. COMMITTEE of the Massachusetts Legis- River A visited the scene of the Mill lature disaster on the 20th, and discovthe flood was wholly construction of the ered the Valley faulty that dam. living due One in to of of the reservoir, had been violence by the friends of sonal Williamsburg, the proprietors threatened soldiers those with who per- and and a company of were had been detailed to of the 21st says policemen dispatch killed, that the protect destitute Valley him. A homeless people in the Mill River are and number 1,200, and that at least $100,000 necessifor present and immediate of required ties. The sum contributed up to the night the 23d was $75,000. to an Associated Press believes teleACCORDING of the 19th President Grant gram that the graves of the Union and Confederate dead should be dedicated alike. THE Farmers' and Mechanics' Bank of Rochester, N. Y., has suspended. HON. W. W. EATON was elected United States Senator from Connecticut by the Legislature of that State on the 19th. ON the 18th mass meetings of workingmen held in most of the Eastern cities, opposwere ing the repeal of the Eight-Hour law. CHICAGO paper of a recent date published the A making serious charges against Osha management report of the insane hospital at kosh, Wis. FORTY-THREE ladies engaged in crusading for cre- in Cincinnati were arrested on the 18th streets. ating a disturbance upon the public dismissed On the 20th they were tried, and with a warning not to repeat the offense. in THERE was considerable excitement Washington on the 20th in consequence of discovery that copies of the questions had been prethe for civil-service examinations An pared surreptitiously issued and distributed. investigation had been started to ascertain kind the of persons guilty of dissemminating this literature. GEN. DYER, of the United States Army, died on the 20th. AN indictment was recently found against Gov. Moses, of South Carolina, for illegally A public money to private uses. 20th, was issued for his arrest on warrant converting but he served, the refused to allow it to be and atthreatened to call out the militia if the tempt to serve it was not abandoned. was thought he would stand his trial.
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rency to commence business: Mattoon National Bank, Illinois, capital, $50,000; First National Bank, Liverpool, Ohio, $50,000; Second National Bank, Bay City, Mich., $100,000; People's National Bank, Martinsburg, W. Va. $50,000; First National Bank, Hancock, Mich. $100,000. David B. Mellish, a Representative in Congress from New York, who had been removed to the Government asylum for being insane, died on the 23d. He had been confined in the institution about two weeks, and had required constant watching, being at times very violent. Gen. Butler has been quite sick, but was improving on the 23d; his physician prescribes a foreign tour. Foreign Intelligence. The Carlists lately attacked an entrenching party beyond Bilboa, but were driven off with considerable loss. A Constantinople dispatch of the 19th says that, on the preceding nig fire had destroyed 100 houses in Galata, a Jewish suburb of that city. A London dispatch says that, on the 19th, Count Schouvaloff gave notice that all exiled Poles, with the exception of two or three known assassins, could return to their native country. The Legislature of the Kingdom of Hawaii convened on the 30th of April. Thenew King delivered an address favoring a commercial treaty with the United States but deprecating any cession of territory to this country. The German Diet was prorogued on the 21st. The French Cabinet was finally constituted on the 22d, as follows: Minister of War, Gen. De Clasey; Foreign Affairs, Cazes; Interior, Fourton; Finance, Magne; Public Works, Caillaux; Commerce, Grivart; Public Instruction, Cumont; Justice, Tuilhand; Marine, Montaignac. Madrid dispatches of the 22d announce the capture of Vittoria by the national forces under Concha. A Carlist raid of large proportions had been made in the vicinity of Santander. Some 1,500 of the insurgents were within five leagues of the town. They were giving no quarter. According to Kingston dispatches of the 23d the President of Hayti had resigned and handed over the Government to the VicePresident. A City of Mexico dispatch of the 18th, via Havana, May 24, says that the Alcalde of Jacabo, in the State of Sinaloa, had officially reported to the Prefect of his district that he had caused to be burned alive one Bonilla and his wife upon the charge of bewitching a citizen. Gen. Croxton, United States Minister to Bolivia, died at La Paz on the 16th ult. The 25th was celebrated in England as a general holiday, it being the Queen's birthday. Prince Arthur has been created Duke of Connaught and Lord of Strathmain, being the first Irish title ever conferred upon any member of the royal family. The Italian Cabinet resigned on the 24th in consequence of the failure of Parliament to pass certain financial measures introduced by the Minister of Finance. The King refused to accept their resignations, and has directed them to introduce new financial bills. The East. The Farmers and Mechanics' Bank, of Rochester, N. Y., has suspended. In the Connecticut Legislature, on the 19th, a vote was had for United States Senator. Of twenty votes in the Senate W. W. Eaton (Democrat) received sixteen, and of 227 in the House Eaton received 132. Senator Bucking. ham received four votes in the Senate and seventy-six in the House. David A. Wells received one vote in the House, and Joseph R. Hawley eleven. Mass meetings in favor of the Eight-Hour law held by the workingmen in most of the principal Eastern cities on the 18th. A Northampton (Mass.) dispatch of the 20th says the Legislative Committee had just returned from a visit to the scene of the Mill River disaster. An examination of the reservoir showed that the disaster was inevitable in consequence of its faulty construction. Instead of building the foundation three feet below the bottom, as the contract specified, it was placed directly upon the bottom. Col. Wilson, who accompanied the committee, in his testimony said The terrible neglect and gross ignorance displayed in the construction of the dam was criminal, and its recent evil consequences murder." The contractor and builder was one Bassett. A few days ago a crusading party of forty ladies, while visiting liquor houses in Pittsburgh, Pa., were ordered by the police to disperse, and, declining to do so, they were arrested and brought before the Mayor, charged with obstructing the sidewalks. After hearing the case the Mayor said be would dismiss the charge this time, but if brought before him again they would be punished to the full extent of the law. The total loss of life by the recent flood disaster in Massachusetts is stated to be 147. Some idea may be formed of the terrible force of the rushing stream of death by the statement that the fissure in the broken reservoir shows that the flood must have started with a volume of 175 feet wide and thirty-five feet deep. The Committee of Relief for the Mill River sufferers reports the number needing assist ance in the various villages affected by the late disaster to be 46 families, containing 740 persons, who lost $247,115. The amount of money contributed up to the 24th was about $75,000. About forty crusaders were again arrested in Pittsburgh on the 23d for obstructing the pavements. They confined in the police station, and subsequently released on bail. Great excitement prevailed, and it is said the ladies were still determined to continue their work notwithstanding the action of the city authorities. All the omnibus-drivers of New York city were strike on the 25th for an advance of wages, and not a "stage" was to be seen on Broadway. West and South. The Chicago Times of a recent date con tains a lengthy report making serious charges against the management of the insane hospital at Oshkosh, Wis. According to the accounts by the Times reporter the unfortunate inmates of the institution have been made victims of gross neglect and abuses. The freezing to death of one patient and the suffering from cold, for want of proper care on the part of the Superintendent and his assistants, are among the charges made, while improper food improperly served is declared to