16917. Fort Stanwix National Bank (Rome, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1410
Charter Number
1410
Start Date
January 1, 1896*
Location
Rome, New York (43.227, -75.492)

Metadata

Model
gpt-5-mini
Short Digest
f8f5ef9b

Response Measures

None

Receivership Details

Depositor recovery rate
72.2%
Date receivership started
1896-02-08
Date receivership terminated
1906-03-15
OCC cause of failure
Fraud
Share of assets assessed as good
33.6%
Share of assets assessed as doubtful
14.7%
Share of assets assessed as worthless
51.7%

Description

Cashier George (or George) Barnard committed suicide after discovered shortages (note dated Jan 22). Bank closed/pending examination in early Feb 1896; a receiver was appointed (Controller named receiver, article dated 1896-02-20). No run on this specific bank is reported (Rome Savings prepared but no run). Cause: bank-specific adverse information (bad/doubtful paper and embezzlement/misappropriation).

Events (6)

1. July 8, 1865 Chartered
Source
historical_nic
2. January 1, 1896* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Discovery of large amount of bad and doubtful paper (J. Winslow Jones company notes, other bad loans) and alleged misappropriation/embezzlement by Cashier Barnard; examiner found large shortage (~$375,000; later estimates ~400,000).
Newspaper Excerpt
Cashier George Barnard ... killed himself, and the bank was closed pending an examination of its affairs.
Source
newspapers
3. January 22, 1896 Other
Newspaper Excerpt
The note which Cashier Barnard left on his desk, dated January 22; he committed suicide a week later.
Source
newspapers
4. February 8, 1896 Receivership
Source
historical_nic
5. February 20, 1896 Receivership
Newspaper Excerpt
The controller of the currency has appointed Mr. Daniel G. Griffin ... receiver of the Fort Stanwix National Bank of Rome, N. Y.
Source
newspapers
6. April 12, 1896 Other
Newspaper Excerpt
Comptroller Eckels has directed the receiver ... to declare and pay a dividend of 30 per cent to the creditors of the bank.
Source
newspapers

Newspaper Articles (20)

Article from Birmingham State Herald, February 4, 1896

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A Bank in Trouble. Rome, N. Y., Feb. 3.-It has been learned that the Fort Stanwix National bank has been carrying paper to the amount of $60,000 or more for the Jones Canning company of Baltimore, upon which It has been unable to realize, and that the note which Cashier Barnard left exonerating Bookkeeper Sillenebeck and taking all the blame on himself refers to this. There is also said to be in the bank paper of the late firm of R. M. Bingham & Co. representing $36,000, on which all but about $10,000 has been paid, but nothing credited. There are also notes of the late D. B. Prince to the amount of $10,000, which cannot be realized upon. Mr. Barnard was the assignee of the estate of the late George Clarke, the great land owner, and there is more or less of this paper in the bank. All these things, together with the miscellaneous papers, which are worthless, or nearly so, will, it is believed, wipe out the entire surplus and undivided profits. amounting to $170,000. The stockholders of the bank are quite positive that the institution will be able to pay dollar for dollar. The Rome Savings bank this afternoon resumed business. It was prepared for a run, but none was made. The name of the Baltimore company is the J. Winslow Jones Packing company. It is stated that this company has $60.000 of drafts on the Fort Stanwix bank. In Dun's report for January. 1896. the Jones company is given no rating. It is stated that several years ago Jones traveled through this section purchasing the output of canning factories, and through the acquaintance thus formed the company established credit at the bank.


Article from The Morning News, February 4, 1896

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ROME'S BROKEN BANK. The Entire Surplus and Undivided Profits of $170,000 Wiped Out. Rome: N. Y., Feb. 3.-It has been learned that the Fort Stanwix National Bank has been carrying paper to the amount of $60,000 or more for the Jones Canning Company of Baltimore, upon which it has been unable to realize, and that the note which Cashier Barnard left exonerating Bookkeeper Sillenbeck, and taking all the blame on himself refers to this. There is also said to be in the bank paper of the late firm of R. M. Bingham & Co., representing $36,000 on which all but about $10,000 has been paid, but nothing credited. There are also notes of the late D. B. Prince to the amount of $10,000 which cannot be realized upon. Mr. Barnard was the assignee of the estate of the late George Clarke, the great land owner, and there is more or less of this paper in the bank. All these things, together with the mis, cellaneous papers, which are worthless on nearly so, will, it is believed, wipe out the entire surplus and undivided profits. amounting to $170,000. The stockholders of the bank are quite positive that the institution will be able to pay depositors dollar for dollar. The Rome Savings Bank this afternoon resumed business. It was prepared for a run, but none was made. The name of the Baltimore company 1st the J. Winslow Jones Packing Company. It is stated that this company has $60,000 of drafts in the Fort Stanwix bank. In Dun's report for January, 1896, the Jones company is given no rating. It is said that several years ago Mr. Jones traveled through this section purchasing the output of canning factories, and through the acquaintance thus formed the company established a credit at the bank.


Article from The Ely Miner, February 5, 1896

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ranging in the convict camps near Rusk, Tex., and several deaths had occurred. The lumber storehouse of R. C. Pingree & Co. was burned at Lewiston, Me., the loss being $150,000. At Colville, Wash., Adolph Niese and his wife were sentenced to 20 years in the penitentiary for beating their tenyear-old son to death. Shortly after the prisoners were placed in jail they committed suicide with a razor. William Trout, a barber of Maysville, Ky., has fasted 52 days except that he drinks buttermilk. The Union Trust company of Pittsburgh, Pa., went into the hands of a receiver with liabilities of $130,000. Belva A. Lockwood was disbarred from practicing as an attorney or agent before the pension bureau in Washington because of alleged irregularities. The national board of trade in session at Washington declared that legal tender notes should be retired from circulation. During a wedding at the residence of Albert H. Baker near Sandusky, O. the floor gave way and 75 persons fell into the cellar. Mrs. H. N. Norton was fatally injured, and others were badly hurt. The supreme court of Indiana decided that gerrymanders for legislative purposes are unconstitutional. Johnny Morris and Bennie Armit were drowned while walking across the Calumet river on the ice at Hammond, Ind. Richard L. Brown, wholesale grocer at Richmond, Va., failed for $100,000. Dr. Alfred L. Kennedy, one of the most distinguished chemists in this country, was burned to death in his office in Philadelphia while experimenting. The war ship Helena was launched at Newport News, Va. Verne W. Jaynes, one of the proprietors of the Daily Capitol at Pierre, S. D., committed suicide by swallowing morphine. Madeline Messner, of Gibsonburg, O., a patient at the insane asylum in Toledo, O., committed suicide by hanging herself with her hair. The South Carolina legislature reelected Associate Justice Pope to the supreme bench for eight years. Gus Thomas, the notorious Hardin county moonshiner and murderer, was captured and placed in jail at Savanna, Tenn. Thomas has murdered three revenue officers. Six persons were killed and nearly a score injured, some of them fatally, by the explosion of a boiler at the works of the Hollidaysburg (Pa.) Iron and Nail company. George Krout, the Wells-Fargo express agent at Colorado Springs, Col., confessed that he stole the express packages containing $35,000, and said his father was innocent. The stables on the Narragansett park grounds at Providence, R. 1., were burned and 14 valuable trotting horses perished in the flames. Two brothers, Charles and Edward Shepard, aged 19 and 17 years, respectively, broke through the ice at Chester, Pa., and were drowned. Dr. W. H. Furness, aged 96, the oldest and most prominent Unitarian divine in the country, died at his home in Philadelphia. Harvey Page, his W ife and two young sons, aged three years and three months, were burned to death in their home in Marengo township, near Marshall, Mich. The exchanges at the leading clearing houses in the United States during the week ended on the 31st ult. ag. gregated 890,980,970, against 979,967,447 the previous week. The decrease, compared with the corresponding week in 1895, was 5.6. Charles Asimus, a hunchback, was hanged at Kalama, Wash., for the murder of James Greenwood last September. In an interview with Senator Jones (Nev) Secretary Olney said that the United States government was doing all that could be done to protect the in terests of Hammond and other Amer cans in the Transvaal. The monthly statement of the government receipts and expenditures for January show the aggregate receipts to be $29,237,670 and the expenditures $32,696,830, leaving the deficit for the month about $3,459,160 and for the seven months of the present fiscal year about $18,853,867. Cashier George Barnard, of the Fort Stanwix national bank at Rome, N. Y., killed himself, and the bank was closed pending an examination of its affairs. The boiler in the stave-mill on William Morrison's farm near Freeport, ()., exploded, killing William Laporte, William Kiefer and Roy Vesey.


Article from New-York Tribune, February 6, 1896

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CASHIER BARNARD'S DEFALCATION. Rome, N. Y., Feb. 5.-Bank Examiner Van Vran. ken yesterday mailed to Controller Eckels, at Washington. his report in the matter of the examination of the Fort Stanwix National Bank. He will say nothing as to what the report contains, but it is certain that the shortage is not less than the figures given yesterday-$375,00 This amount will increase rather than decrease. The note which Cashier Barnard left on his desk, and which was found after his death, was dated January 22. just a week before he committed suicide, showing pretty clearly that he was watching for the bank examiner and had decided to make way with himself as soon as he knew of that official's arrival in town. The question of receivership for the bank is being discussed, but nothing will be done till President Utley arrives from California. It may be that an effort will be made to raise money enough to allow the bank to go into voluntary liquidation, thus avoiding the necessity of a receivership. Cashier Barnard was not under bonds. Washington, Feb. 6.-Controller Eckels has recelved the report of the examiner of the Fort Stan= wix, N. Y., National Bank, but as he has been engaged all day in opening the bids for bonds, has not examined it. He says, however, it will be necessary to place the bank in the hands of a receiver. Controller Eckels has sent Bank Examiner Lynch to Rome to assist Examiner Van Vranken. Albany, N. Y., Feb. 5.-Superintendent Kilburn, of the State Banking Department, to-day sent to the Rome Savings Bank Board an asset and liability sheet taken from the examination of the bank made by State Bank Examiner Backus on the 3d inst. which shows the bank to have a surplus over and above all liabilities of $288,454. If the bank lost every cent which the Fort Stanwix National Bank owes it, the Institution would still, according to Mr. Backus's examination, have upward of $175,000 sur plus.


Article from New-York Tribune, February 8, 1896

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THE CRIPPLED FORT STANWIX BANK. PRESIDENT UTLEY AND THE DIRECTORS HOPE A RECEIVERSHIP WILL BE AVOIDED. Rome, N. Y., Feb. 7.-Bank Examiner Van Vranken by advert'sement requested depositors in the Fort Stanwix National Bank to have their passbooks verified. A large number of books have been verified and no discrepancies found. The directors have hopes of keeping the bank out of the hands of a receiver They believe the bank examiner's estimate of the bad paper held by the bank is too large and that he has thrown out much paper as bad that will ultimately be found good. A director of the bank is authority for the statement that nothing has been discovered to show that Mr. Barnard was a defaulter, though this Is in direct contradietion to the bank examiner's reports to the Controller. The Rome Savings Bank is doing business as usual. There is no run. President H. C. Utley, of the Fort Stanwix Bank, reached Rome this afternoon. He left here for California two weeks ago and immediately started for Rome upon finding a dispatch when he reached Los Angeles telling of Cashier Barnard's suicide. Mr. Utley says the news of Mr. Barnard's suicide was like a thunderbolt from a clear sky and that when he went away he supposed the bank was perfectly solvent. President Utley says that the information he has received here within the few hours that he has been here is almost beyond belief. He expresses a doubt that it can be possible that so large an amount of bad and doubtful paper can be held by the bank. and believes it will be found to be much less. Still, if upon investigation he finds that that state of affairs is approximately as reported. there are only two courses open-one to raise sufficient money to assure the payment of all obligations of the bank, and the other a receivership. Whether sufficient money can be raised is questionable, especially If the amount of alleged worthless paper has been correctly estimated. The stockholders could not put up, say, a sum of $300,000. Baltimore, Md., Feb. 7.--The collapse of the Fort Stanwix Bank, of Rome, N. Y., was to-day given as a reason for the application for a receiver for four incorporated companies doing business in and about Baltimore. Messrs. Fox & Sons appear as the plaintiffs against the J. Winslow Jones Packing Company. incorporated in West Virginia, with a capital stock of $150,000; the Highland Packing Company, incorporated in West Virginia, with a capital stock of $10,000; the Riverton Live Stock Company, incorporated in Maine, with a capital stock of $25,000, and the Patuxent Canning Company, also incorporated in West Virginia, with a capital stock of $10,000. The four companies filed an answer, in which they acknowledged certain accusations made in the bill of complaint and agreed to the appointment of a receiver. The statement telegraphed from Rome, N. Y., that the Fort Stanwix Bank held a large amount of J. Winslow Jones's paper, together with the statement that it was believed to be worthless, caused many anxious inquires here and led up to to-day's action. Mr. Jones appears as president of each of the embarrassed companies. He is also a member of the Maryland Legislature from Anne Arundel County.


Article from Wheeling Register, February 8, 1896

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GO DOWN WITH THE BANK. | Concerns in Which J. WInslow Jones Was Interested in a Receiver's Hands. Baltimore, Md., February 7.-A petition was filed here to-day asking that the receivers be appointed for the following concerns: The J. Winslow Jones Packing Company, $150,000; the Highland Packing Company, $10,000; the Patuxent Canning Company, $10,000; all in corporated in West Virginia and the Riverton Live Stock Company, $25,000, incorporated in Maine. Allegations of insolvency are made and admitted in the pleadings. It is understood that the trouble grows out of the failure of the Fort Stanwix National Bank, in Rome, N. Y., in which J. Winslow Jones, the head of the concerns above mentioned, was desply involved.


Article from The Seattle Post-Intelligencer, February 10, 1896

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WHY THE BANK FAILED. President Utley Still Defends the Memory of His Late Cashier. Rome, N. Y., Feb. 9.-The Associated Press correspondent had an interview tonight with President Utley in regard to the Fort Stanwix bank. President Utley said that up to the present nothing has been found on the books of the bank to show that Cashler Barnard, who committed suicide, had appropriated funds to his personal use, butter added that the cashier had exceeded his authority. He stated that Bank Examiner Van Vranken, who has been appointed temporary receiver, has thrown out of the bank all paper he does not know to be all right, including paper partly due. The notes to the amount of about $200,000 of the J. Winslow Jones Canning Company, of Baltimore, have been rejected, as well as about $40,000 of notes of the Loveland Canning Company, of Taberg, N. Y. In connection with the latter, President Utley said the stock of the Loveland factory is mortgaged by the bank and that at the present market value it would sell for more than the amount due, thus securing the bank in full. On the Jones company notes, several shares of stock are held by the bank as security, which he thought would make good the greater part named in the notes. Barnard had never informed him. he stated, of the extensive transactions of that company and others. President Utley said in his opinion there was no cause for the appointment of a receiver. He claims that if the directors had been allowed to settle the bank's affairs they would have raised the necessary $250,000 or $350,000 to do so. He would not, however, have guaranteed to raise the $600,000 required by the government in order to allow the bank to go Into voluntary liquidation. In regard to the payment of the liabilities Mr. Utley declared every depositor would get dollar for dollar. The prestdent of the Fort Stanwix National bank is a millionaire and the bank was his pride. He had been its teller for thirty years, and owns at the present time $60,000 of the $150,000 capital stock.


Article from The Wheeling Daily Intelligencer, February 10, 1896

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DOLLAR FOR DOLLAR. Depositors will Lese Nothing by the Fort Stanwix Bank Failure. ROM, N. Y., Feb. 9.-The Associated Press correspondent had an- interview to-night with President Utley in regard to the Fort Stanwix Bank. President Utley said that up to the present nothing has been found on the books of the bank to show that Cashier Barnard appropriated funds to his personal use, but he added that the cashier had exceeded his authority. He stated that Bank Examiner Van Vranken, who has been appointed temporary receiver, has thrown out of the bank all paper he does not know to be O. k., including paper partly due. The notes to the amount of about $200,000 of the J. Winslow Jones Canning Company, of Baltimore, have been rejected. as well as about $40,000 of notes of the Loveland Canning Company, of Taberg. N. Y. In connection with the latter. President Utley said that the stock of the Loveland factory is mortgaged by the bank and that at the present market value It would sell for more than the amount due. thus securing the bank in full. On the Jones company notes, several assessments of stocks are held by the bank as security, which he thought would make good the greater portion of the amount named in the notes. Barnard had never informed him. he stated, on the extensive transaction of that company. and others who should have known the state of affairs had remained silent. President Utley said in his opinion there was no cause for the appointment of a receiver. He claims that If the directors had been allowed to settle the bank's affairs they would have raised the necessary $250,000 or $350,000 to do so. He would not, however, have guaranteed to raise the $600,000 required by the government in order to allow the bank to go into voluntary liquidation. In regard to the payment of liabilItles President Utley declared that every depositor would get dollar for dollar. but that it would be some time before all the payments were made. The President of the Fort Stanwix National Bank is a millionaire and the bank was his pride. He had been its teller for thirty years and owns at the present time $60,000 of the $150,000 capital.


Article from Evening Journal, February 10, 1896

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FORT STANWIX BANK. President Utley Makes a Statement Regarding Its Affairs. ROME, N. Y., Feb. 10.-President Utley, in an interview in regard to the Fort Stanwix bank affairs, said that up to the present nothing had been found on the books of the bank to show that Cashier Barnard had in any way appropriated funds to his personal use, but he added that the cashier had performed illegal acts and had exceeded his authority greatly. He stated that Bank Examiner Van Vranken, who has been appointed temporary receiver, has thrown out of the bank all paper he does not know to be O. K., including paper partly due. The notes to the amount of about $200,000 of the J. Winslow Jones Canning company of Baltimore have been rejected, as well as about $40,000 of notes of the Loveland Canning company of Taberg, Oneida county. In connection with the latter, President Utley said that the stock of the Loveland factory is mortgaged by the bank, and that at the present market value it would sell for more than the amount due, thus securing the bank in full. On the Jones company notes several assignments of stock by the bank are held as security, which, he thought, would make good the greater portion of the amount named in the notes. Barnard had never informed him, he stated, of the extensive transactions of that company, and others who should have known the state of affairs had remained silent. President Utley said, in his opinion, there was no cause for the appointment of a receiver, for, he added, if the directors had been allowed to settle the bank's affairs they would have raised the necessary $250,000 or $850,000 to do so. He would not, however, have guaranteed to raise the $600,000 required by the government in order to allow the bank to go into voluntary liquidation. In regard to the payment of liabilities President Utley declared that every depositor would get dollar for dollar, but that it would be some time before all the payments were made. The president of the Fort Stanwix National bank is a millionaire, and the bank was his pride. He had been its teller for 30 years and owns at the present time $60,000 of the $150,000 capital stock.


Article from Wheeling Register, February 10, 1896

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THE CASHIER Of the Fort Stanwix, N. Y., Bank, "Exceeded His Authority," According to a Statement of President Utloy--The Loss is Very Heavy. ROME, N, Y., February 9.-The Associated Press correspondent had an interview to-night with President Utley in regard to the Fort Stanwix Bank. President Utley said that up to the present nothing has been found on the books of the bank to show that Cashier Barnard appropriated funds to his personal use, but he added that the cashier had exceeded his authority. He stated that Bank Examiner Van Vranken, who has been appointed temporary receiver, has thrown out of the bank all paper he does not know to be O. k., including paper partly due. The notes to the amount of about $200,000 of the J. Winslow Jones Canning Co., of Baltimore, have been ejected, as well as about $40,000 of notes of the Loveland Canning Co., of Taberg, N. Y. In connection with the latter, President Utley said that the stock of the Loveland factory is mortgaged by the bank and that at the present market value it would sell for more than the amount due, thus securing the bank in full. On the Jones Company notes, several assessments of stock are held by the bank as security, which he thought would make good the greater portion of the amount named in the notes. Barnard had never informed him, he stated, of the extensive transactions of that company, and others who should have known the state of affairs remained silent. President said in h's opinion there was no cause for the appointment of a receiver. He claims that if the directors had been allowed to settle the bank's affairs they would have raised the necessary $250,000 or $350,000 to do so. He would not, however, have guaranteed to raise the $600,000 required by the government in order to allow the bank to go into voluntary liquidation. In regard to the payment of liabilities, President Utley declared that every depositor would get dollar for dollar, but that it would be some time before all the payments were made. The President of the Fort Stanwix National Bank is a millionaire, and the bank was his pride. He had been its teller for thirty years, and owns at the present time $60,000 of the $150,000 capital stock.


Article from Evening Capital, February 12, 1896

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The J. Winslow Jones Canning Company. On the application of Josiah Van Vraken, receiver of the Fort Stanwix National Bank, of Rome, N. Y., Mr. John N. Steele, of Baltimore, was Monday appointed co-receiver with Mr. George R. Willis, of the J. Winslow Jones Company, the Patuxent Canning Company and the Highland Packing Company.Mr. Van Vraken claims that the Jones Company owes him as receiver $115,396.23: the Patuxent Company, $36,775.34; the Highland Company, $17,200, and Eugene Lewis, secretary of the Jones Company, $1,098.97, making a total of $170,770.54. Mr. Willis was appointed receiver fer the companies last week on the complaint of M. Fox & Son, of Baltimore.


Article from Evening Star, February 20, 1896

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Bank Receiver Appointed. The controller of the currency has appointed Mr. Daniel G. Griffin of Watertown, N. Y., receiver of the Fort Stanwix National Bank of Rome, N. Y.


Article from Vermont Phœnix, March 13, 1896

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The receivers of the Dime Savings bank of Willimantic, Conn., report that the claims amount to $685,000, and the assets to $420,000. Daniel A. Walton of Seabrook, N. H., was attacked a few days ago by two large eagles, but he escaped by running into his house. Thieves entered the residence of Gen. Geo. S. Field in Buffalo, N. Y., on Friday evening, and stole jewelry and money to the value of between $6000 and $7000. It is thought that the total shortage in the Fort Stanwix national bank at Rome, N. Y., is $400,000, and that the loss to depositors will be 15 per cent. The London Athletic club will issue a challenge to the New York Athletic club to send an American team to compete in international sports at London July 16. Chas. Desloury, 25, attempted to board a moving freight train at Mittineague, Mass., Sunday night, and fell under the wheels. Both legs and one arm were cut off and his skull fractured. Philip J. A. Harper, the retired senior member of the firm of Harper Bros., publishers of New York, died Friday at Hempstead, L. I. He was a son of one of the three original founders of the great publishing house. The body of an old man chopped to pieces and that of a 10 days-old child with its skull crushed were found in a barrel in an alley at Chicago Sunday by a rag picker. The bodies were sent to the Hyde Park morgue and the mystery is being inestigated. Mrs. V. Kurtz, who died at South Danville, N. Y., recently. was a Christian scientist, and in January she claimed to have had a vision directing her to fast. She fasted 20 days and she said she had been directed to fast 20 days more. She did so, but after the expiration of the fast failed steadily in strength. One of the reforms which the Republicans have voted to introduce in New Jersey is to give the clerk of chancery and clerk of the supreme court an annual salary of $6000 each. Heretofore these offices have been under the fee system, and the clerk of chancery has received $30,000 to $40,000 a year, and the clerk of the supreme court a larger sum. Stephen Powell, one of the wealthiest men on Long Island, was murdered Saturday night in front of his hon e at Hampstead. He was knocked down with some instrument which crushed his skull. The motive was probably robbery, as he was known to carry large sums of money, but the robbers overlooked $200 which he had in one pocket. Three negroes are under arrest charged with the crime. The Kennebec river from Swan Island, near Richmond, to Iceboro, a distance of five miles, is a mass of ice, logs, lumber and wieckage of houses and bridges. There are over 15,000,000 feet of lumber in the jam. The mass is packed solidly, and in places is piled up 20 feet high. Should rain follow or anchor ice collect sufficiently to block the passage of water great damage would be caused. The appellate division of the supreme court at New York gave a decision Friday affirming the order of the lower court, which gave a decision in favor of Laidlaw and against Russell Sage for $4,000 damages and costs, amounting to about $3000. The case grows out of a bomb explosion in Sage's ffice, Laidlaw's claim being that Sage had shielded himself behind him (Laidlaw) and so prevented his escape.


Article from The Morning Times, April 12, 1896

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Fort Stanwix Dividend. Comptroller Eckels has directed the receiver of the Fort Stanwix National Bank. at Rome, N. Y., to declare and pay a dividend of 30 per cent to the creditors of the bank. Checks will be prepared at once, but it will be some the **fore their payment will be made.


Article from The Evening Herald, May 21, 1897

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Charged with Atding an Linbezz.er. Baltimore, May 21.-The suspension of the Fort Stanwix National bank, of Rome, N. Y., in January, 1896, and the suicide of George Barnard, the cashier, was recalled yesterday when George Louis Shaw, a woodenware dealer of this city, was arrested on the charge of having aided and abetted Cashier Barnard to embezzle or misappropriate $32,000 of the funds of the bank. Shaw was held in $15,000 bail to appear before the United States district court for the Northern district of New York, which sits at Rochester.


Article from The Wilmington Daily Republican, May 21, 1897

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Charged With Aiding an Embezzler. Baltimore, May 21.-The suspension of the Fort Stanwix National bank, of Rome, N. Y., in January, 1896, and the suicide of George Barnard, the cashier, was recalled yesterday when George Louis Shaw, a woodenware dealer of this city, was arrested on the charge of having aided and abetted Cashier Barnard to embezzle or misappropriate $32,000 of the funds of the bank. Shaw was held in $15,000 bail to appear before the United States district court for the Northern district of New York, which cits at Rochester.


Article from Evening Journal, May 21, 1897

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ARRESTED ON AN OLD CHARGE. A Baltimore Man Is Held For Alleged Wrongdoing Three Years Ago. Baltimore, May 21. The suspension of the Fort Stanwix National bank of Rome, N. Y., in January, 1896, and the suicide of George Barnard, the cashier, was recalled when George Louis Shaw, a woodenware dealer of 410 North street, this city, was arrested by United States Deputy Marshal Zinkand on the charge of having aided and abetted Cashier Barnard to embezzle or misappropriate $32,000 of the funds of the bank. Mr. Shaw was taken before United States Commissioner Rogers and was held in $15,000 ball to appear before the United States district court for the northern district of New York, which Bits at Rochester. Mr. Shaw is making an effort to get bail. The indictment charging Mr. Shaw with having aided and abetted Cashier Barnard in having misappropriated the funds of the bank does not throw much light upon the way in which the work was accomplished. It simply states that it was done through a series of checks presented to the bank by the accused through the years of 1894-5.


Article from New-York Tribune, May 21, 1897

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A BALTIMORE MERCHANT ARRESTED. CHARGED WITH AIDING CASHIER BARNARD TO DEFRAUD THE FORT STANWIX BANK. Baltimore, May 20.-The suspension of the Fort Stanwix National Bank of Rome, N. Y., in January, 1896, and the, suicide of George Barnard, the cashier, were recalled to-day when George Louis Shaw, a wooden-ware dealer of No. 410 North-st., this city, was arrested by United States Deputy Marshal Zinkand on the charge of having aided and abetted Cashier Barnard to embezzle or misappropriate $32,000 of the funds of the bank. Shaw was taken before United States Commissioner Rogers and gave $15,000 ball to appear before the United States District Court for the Northern District of New-York, which sits at Rochester. The indictment charging Shaw with having aided and abetted Barnard having misappropriated the funds of the bank does not throw much light upon the way in which the work was accomplished. It simply states that it was done through a series of checks presented to the bank by the accused man through the years 1894 and 1895.


Article from The Sun, May 22, 1897

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WHERE IS J. WINSLOW JONES? Moved from Baltimere When There Was Prospeet of His Arrest. BALTIMORE. May 21.-J. Winslow Jones, the original and for a time the solitary Sidney E. Mudd man in the last United States Senatorship contest, is said to have moved to Pennsylvania. He came to Maryland from Maine about eight years ago. He is wanted, with George Louis Shaw. who was arrested by Deputy United States Marshal Zinkand yesterday, for aiding Cashier George Barnard in misappropriating funds of the Fort Stanwix National Bank of Rome. Jones and Shaw were in business here together in 1896, when the bank suspended. The suspension of the bank was followed by the failure of all of the canning companies in which J. Winslow Jones was interested. This was the cause of Barnard's downfall and of the failure of the Fort Stanwix Bank. Canned goods men of this city expected the latest development in the case, and it is said that Jones did also, and moved to avoid complications. Of course, he is under the jurisdiction of Uncle Sam in Pennsylvania as well as in Maryland. Jones had a handsome home in Anne Arundel county, now in possession of Mr. Wirt Randall. He was supposed to be very wealthy, but the failure of the canning companies swept away everything. He is charged with having been implicated in the misappropriation of $41,000 of the funds of the hank. It is supposed that a much greater amount of the funds of the bank was used in supporting Jones's enterprises.


Article from The Portland Daily Press, May 24, 1897

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A Former Portland Man Wanted. New York, May 22.-A Baltimore despatch to the New York Sun says: J. Winslow Jones is said to have moved to Pennsylvania. He came to Maryland from Maine about eight years ago. He is wanted, with George Louis Shaw, who was arrested by Deputy United States Marshel Zinkand yesterday, for aiding Cashier George Bernard in misappropriating funds of the Fort Stanwix National bank of Rome. Jones and Shaw were in business here together in 1896, when the bank suspended. The suspension of the bank was followed by the failure of all of the canning companies in which J. Winslow Jones was interested This was the cause of Bernard's downfall and of the failure of the Fort Stanwix bank. Canned goods men of this city expected the latest development in the case, and it is said that Jones did also, and moved to avoid complications. Of course, he is under the jurisdiction of Uncle Sam in Pennsylvania as well as in Maryland. Jones had a handsome home in Anne Arundel county, now in possession of Mr. Wit Randall. He was supposed to be very wealthy, but the failure of the canning companies swept away everything. He is charged with having been implicated in the misappropriation of $41,000 of the funds of the bank. It is supposed that a much greater amount of the funds of the bank was used in supporting Jones's enterprises.