17188. C. F. Adae & Co. (Cincinnati, OH)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
private
Start Date
July 1, 1878*
Location
Cincinnati, Ohio (39.103, -84.515)

Metadata

Model
gpt-5-mini
Short Digest
77ea56aa

Response Measures

Full suspension

Other: Assignment to trustees (A. A. Bennett and P. H. Hartmann); bankruptcy/receivership follow-up mentioned.

Description

Newspapers (Dec 18, 1878) report C. F. Adae & Co. suspended and made an assignment to trustees and went into bankruptcy. One article notes a run the previous summer that was withstood. The sequence: earlier run, then December suspension/assignment and effective failure/closure.

Events (3)

1. July 1, 1878* Run
Cause Details
Heavy withdrawals last summer; article only states a run occurred and was withstood, no specific trigger given.
Measures
Run was withstood (bank resisted withdrawals at that time).
Newspaper Excerpt
A run was made on the bank last summer but was withstood.
Source
newspapers
2. December 18, 1878 Other
Newspaper Excerpt
The firm made an assignment of their property to P. H. Hartmann and A. A. Bennett. Adae & Co., German bankers, went into bankruptcy to-day. Liabilities $700,000; assets unknown. but it is supposed they will pay 50 per cent.
Source
newspapers
3. December 18, 1878 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Sustained heavy drain on deposits over the past year; liabilities far exceeded assets; firm made an assignment to trustees and went into bankruptcy.
Newspaper Excerpt
The banking house of C. F. Adae & Co. suspended this afternoon, with liabilities amounting to $700,000 and assets variously estimated from $300,000 to $350,000.
Source
newspapers

Newspaper Articles (15)

Article from The New Orleans Daily Democrat, December 19, 1878

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Heavy Failure in Cincinnati. CINCINNATI, Dec. 18. .-Rumors freely circulated to-day of the assignment of C. F. Adae & Co., bankers. A run was made on the bank last summer but was withstood. None of the partners could be found this afternoon. and it seemed understood at the bank that they were making arrangements for an assignment. All the clerks were paid to the close of banking hours to-day. LATER-Adae & Co., German bankere, want into bankruptcy to-day. Liabilities $700,000; assets unknown. but it is supposed they will p&y 50 per cent.


Article from Daily Globe, December 19, 1878

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A BAD SMASH. Great Excitement in Cincinnati Over a Bank Failure. CINCINNATI, Dec. 18.-Excitement was created in financial circles late this afternoon by a report that the banking house of C. F. Adae & Co. had suspended. The firm has sustained a heavy drain upon deposits for the past year, and as there was apparently no prospect for a change in affairs an assignment was made at a late hour this afternoon. Liabilities are stated at $780,000; of which amount $680,000 is in time certificates, and the remainder due on call; the assets are dated nominally at $400,000. All demands were paid over the counter up to 3:15 this afternoon, and the firm had about $8,000 to their credit at the clearing house at the close of business to-day. The following will appear to-morrow: In consequence of the excitement which has been prevalent in business circles for some time, we find it necessary to suspend business for the present, at least. During the past twelve months we have met demands upon us to the amount of $8,000,000, and we do not feel that, in justice to ourselves and our business friends, we have the right to persist in attempting further to withstand the pressure which is threatening to come more irresistible from day to day. We have made an arrangement for the benefit of our creditors of all assets to August A. Bennett and Phillip Henry Hartmann, gentlemen who, as we believe, command and deserve the entire confidence of the community. They will at once take charge of our affairs, and in a very short time be able to give detailed and trustworthy information upon all subjects in which the public in general and our creditors in particular are interested. (Signed) C. F. ADAE & Co. The creditors of the firm are mostly Germans, and numbered by hundreds. There is great excitement among them to-night.


Article from The Daily Gazette, December 19, 1878

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BANKING HOUSE FAILURE. SUSPENSION OF THE PRINCIPAL GERMAN HOUSE IN CINCINNATI. CINCINNATI, Ohio, Dec. 18, 1878. The banking house of C. F. Adae & Co., the largest German institution of the kind in this city, suspended this afternood, with liabilities amounting to $700,000 and assets variously estimated from $300,000 to 350.000. The firm has been in the banking business since 1854, and was regarded until very lately as one of the soundest concerns here. The business was largely a savings bank and dealers in foreige exchange, and its list of depositors numbered over one thousand persons, very many of them widows. The head of the concern, C. F. Adae, died some eight or ten years ago, but his brother, Carl A. G. Adae. and the other partner, A. Seinecke, continued the business ander the old firm namer Carl Adae was for many years German Consul at this city, but about three years ago was removed. He dates the decline of business, which resulted in 10-day's failure, from his removal from that position. The firm made an assignment of their property to-night to P. H. Hartmann and A. A. Bennett. They claim that they will be able to pay five per cent.


Article from The Daily Dispatch, December 19, 1878

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Suspension of a Banking-House. CINCINNATI, December 18.-Excitement was created in financial circles late this evening by the report that the banking-house of C. F. Adae & Co. had suspended. Their liabilities are stated at $780,000, of which $680,000 are in time-certificates and the remainder due on call. The assets are stated at nominally $400,000.


Article from The New York Herald, December 19, 1878

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BANKING HOUSE FAILURE. SUSPENSION OF THE PRINCIPAL GERMAN HOUSE IN CINCINNATI. [BY TELEGRAPH TO THE HERALD. ] CINCINNATI, Ohio, Dec. 18, 1878. The banking house of C. F. Adae & Co., the largest German institution of the kind in this city, suspended this afternoon, with liabilities amounting to $700,000 and assets variously estimated from $300,000 to $350,000. The firm has been in the banking business since 1854, and was regarded until very lately as one of the soundest concerns here. The business was largely a savings bank and dealers in foreign exchange, and its list of depositors numbered over one thousand persons, very many of them widows. The head of the concern, C. F. Adae, died some eight or ten years ago, but his brother, Carl A. G. Adae, and the other partner, A. Seinecke, continued the business under the old firm name. Carl Adae was for many years German Consul at this city, but about three years ago was removed. He dates the decline of his business, which resulted in to-day's failure, from his removal from that position. The firm made an assignment of their property to-night to P. H. Hartmann and A. A. Bennett. They claim that they will be able to pay fifty per cent.


Article from Salt River Herald, December 21, 1878

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LATEST TELEGRAMS DEATH OF BAYARD TAYTOR. WASHINGTON, December 20.-Bayard Taylor died at Berlin yesterday at four o'clock, p. m. CONGRESSIONAL. Dorsey, from the committee on appropriations, reported favorably on the house bill to provide for the deficiency in the transportation of mail by raitroads. McDonald introduced a bill to reimburse the several states for interest paid on war loans, and for other purposes. Referred. The house bill, appropriating $450,000 for the transportation of mails by railroads, was passed. In the house, J. G. Young took the seat made vacant by the death of J. J. Leonard, of the fifth Louisiana district. The house then went into commit tee of the whole on the Indian appropriation bill. Throckmorton offered an amendment providing that no Indians live outside the Indian territory, unless authorized by an act of congress. After discussion, Atkins moved, as a substitute for the amendment, an amendment limiting the prohibition to the Indians of Arizona and New Mexico. Adopted. BANK SUSPENSION. CINCINNATI, December 20.-The banking house of C. F. Adae & Co. has suspended. Liabilities are stated at $780,000, of which $680,000 is in time certificates and the remainder is due on call. The assets are stated nominally at $400,000. A ROOF FALLS IN. ST. LOUIS, December 20.-A Kansas City special says that the roof of 1 Frank's hall fell in last evening, owing to a great weight of snow. The building was entirely crushed. One man was killed and several seriously injured. BURNED TO DEATH. COHOES, N. Y., December 20.-Patrick Rourke and his family of five children, residing in this town, were all burned to death by fire last night. TO BE PUNISHED. LONDON, December 20.-A special from Jumrood dated yesterday, says it has been determined to inflict vig. orous punishment upon Khel, who led the recent attacks upon the British campat Fort Alimuijid. Twenty: two hundred men will leave Alimuijid to-day to surprise their villages, ten miles distant. DIED OF HEART DISEASE. I I SAN FRANCISCO, December 20.-A. J. Pope, of the firm of Pope & Talbot, died to-day of heart disease. SENATON BLAINE. Senator Blaine is expected to make a flying visit to Calafornia during the recess of congress. MONEY AND STOCKS. $ SAN FRANCISCO, December 20.i Money-Gold, 1001/6; greenbacks, 99 % @ 100; silver, 1091/2 Stocks-Closed: Tiptop, 1 30; Silver King, 12.


Article from Connecticut Western News, December 25, 1878

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OURNEWS SUMMARY. GENERAL ITEMS. The bill giving Gen. James Shields pension came no in the House Committee of Military Affairs. Objection was made by Harry White, on the ground that the same bill had been lost in this Congress, and hence couldnot be brought apagain. The bill, which was defeated in the Senate, had a clause putting Gen Grant on the retired list. It has been held upon a motion to reconsider One of the editors of a prominent New York daily paper, and a great bul lionist, declared at a dinner party in Washington, that the Government would be compelled to suspend specie payment before the 10th of January that combination had been made by the banks to take all the gold Mr. Sherman had in the Treasury. -There will be no action taken by the Senate Finance Committee on the subject of the proposed reduction of the to bacco tax until after the holiday recess, nor will any further arguments be heard on the subject until Congress reassembles, -Thomas K. Flowers, a Philadelphia customs officer, has been found guilty in the United States District Court in Philadelphia of defrauding the Government by collecting illegal duties from emigrants from foreign ports and appropriating the money to his OWD use, -Hunter is to be hanged Jan. 10th, for the murder of Armstrong. The execution will take place in the Court room. Extra iron doors and gratings are being placed at the avenues of egress and en trance to the county buildings. The gallows to be used is the one upon which John Ware was hanged ten years ago for shooting his father. clergyman in New York city found two aged sisters in a tenement house on the verge of starvation. Raymond and Ellen Osgood, brother and sister, were hanged in Liberty county, Virginia, for the murder of Sam Gauldin. Near Allentown, Pa., the clothing of a child of Mrs. Minich was accidentally set on fire, and in an attempt to extinguish the flames the mother ard child were burned to death. During the past six weeks a large number of children have fallen victims to diphtheria in Carbondale, Pa -A call has been issued by the Executive Committee of the National party of New England for a mass-conference, to be held at Boston on January 2. for the purpose of perfecting plans for a systematic organization. General Butler will be present. -A telegram to Lloyds, dated Galata, half past three o'clock, p. m., Dec. 18th, reports that the steamer Byzantin, from Marseilles for Constantinople, has been sunk in a collision. One hundred and fifty lives were lost, Fourteen persons only were saved. The steamship came into collision with the English steamship Rinaldo, near Gallipoli, in the Sea of Marmora, about 150 miles from Constantinople She was commanded by Capt. Dueros, -In Cohoes, N. Y., Patrick Rourke and his family, consisting of five children, were consumed by the burning of their house, Juhn Kehoe, the most notorious of all the Molly Maguires, and who is credited with having had a share in nearly all the assassinations of the las ten years in the mining regions of Pennsylvania, was hanged in snow storm at Pottsville for the murder of F. W. S. Langdon in Audenreid in 1862. He denied the charge to the last, and declared his innocence of the crime. The railroad managers in conference at Chicago have agreed to raise freight rates at all points immediately. The two committees which have had charge of this matter in the East and West have been consolidated, with Mr. Finck as Chairman Samnel R. Ludlam has been indicted for setting fire to his hotel, the Ocean House, at Cape May, on the 9th of No vember, and will be tried in March. The failure of the banking house of C. F. Adae & Co., of Cincinnati, is announced, with liabilities amounting to $700,000. The assets are placed at the same figure. -A-men named Sedgwick died of hydrophobia at Wilmington, Del, Warren S. Waite, a prominent musician of Toledo and formerly Assistant Postmaster there, fell from the roof of his house, on to which he had climbed while walking in his sleep, and sustained injuries from which he died. -The investigation of the baking powders is getting to be a serious mat ter, as.most of them are found to b adulterated, -A't 8 coal sale in New York the aver age price realized was $2.72 per ton, Two men were killed and six in jured by a falling building in Kansa City, Mo. A desperate fight took place between revenue officers and "moonshiners, under the lead of the notorious Morgan on the borders of Overton and Fentres counties, Teun., and it is claimed that ten or twelve persons were either killed or badly injured, -The debate in the English Parlia ment on the Afgban war was concluded the Government motion providing tha the expense of the war may be defrayed in whole or in part from the Indian revenues being carried without a division after Mr. Fawsett's amendment declar ing such action unjust had been rejected by 235 to 125. John S. Morton and Samuel P Huhn, of the Market Street Railros Company, Philadelphia, were each sen tenced to ten years imprisonment fo fraudulently overissuing stock of th company, -For the first time since 1861 gol has sold at par in New York city. - It is proposed to re-establish capita punishment in Switzerland, -Secretary Robeson had demand ed to be heard by the committee whic wants to impeach him. The tobacco manufacturers of Phil adelphia have sent an earnest protest t Washington against further tobacco to agitation.


Article from The Princeton Union, December 25, 1878

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eeting of yellow fever experts in Memp n the 26th inst. NDOHNFTTHOSIE Wolves have penetrated the gates esto. The weather is very stormy throug it Great Britain. There is more snow on the Vurges e oldest inhabitant remembers. Three boys were drowned in ridge, Mass., Dec. 21st, while skating. The returns of the Union workhouse e east of London show widespread distress. p There was a heavy snow storm, st, throughout Ontario, causing great railroad trains. At Sheffield 2,000 children and lults received beds last week. The mayo lief fund amounts to $30,000. The flouring mill of White, Nash ., of Lanesboro, Minn., was destroyed e, Dec. 20th. Loss, $40,000 At Oakland Park, Cal., Dec. arus trotted the first heat in 2:14; the at with running mate in 2:14½. A statue to Charles Sumner was iled in Boston, Dec. 23d, by the governe ie statue is in the public garden. In New York city, December ld sold at par, the first time since the ension of specie payment in 1862. At Cahoes, N. Y., Patrick Bourke mily of five children were burned with buse on the night of December 18th. Great excitement has been caused incinnati by the failure of the banking C. F. Adae & Co. Liabilities $680,000. A Liverpool dispatch says it is ears since the working classes ich distress and privation as at the me. Reports from a large number of present the distress as very great and reasing among the better class of mechan id working men. There was a $50,000 fire occured xford, Miss., on a late morning. By ollision of two freight trains in Trevt ntario, two brakemen were killed. A great fall of snow is reported ngland and throughout the continent. ilways in the north of Scotland are led. Seventeen trains are snowed up. At Stocton the distress is increasir fundreds of families of iron workers are tute, and an influential committee is assing for subscriptions and contributions At Treichlero, Pa., December 19th, othing of a child of Mrs. Mench was entally set on fire, and in an attempt to nguish the flames the mother and child urned to death. At the 23d annual dinner of the ngland Society in New York city, Dec. ecretary Evarts, Secretary Sherman, laine and many other distinguished en were present and spoke. Advices from Stoekholm state that ther firm, I. Hirsch, has failed, with 3,000, owns liabilities, its difficulties having rough the fall in the price of iron, and om unprofitable speculations in buildin [sput] pt The secretary of the treasury has circular to customs officers authorizi


Article from Mower County Transcript, December 26, 1878

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Heavy Failure. Excitement was created in financial circles at Cincinnati, o., on the 18th inst., by a report that the banking house of C. F. Adae & Co. had suspended. The firm has sustained a heavy drain upon deposits for the past year, and as there was apparently no prospect of a change in affairs, an assignment was made at a late hour in the afternoon. Liabilities at stated at $780,000, of which amount$680,000 is in time certificates, and the remainder due on call. Assets are stated nominally at $400,000. The creditors of the firm are mostly Germans and numbered by hundreds.


Article from River Falls Journal, December 26, 1878

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MISCELLANEOUS. Three boys were drowned in Cambridge, Mass., Dec. 21st, while skating. There was a heavy snow storm, Dec. 21st, throughout Ontario, causing great delay to railroad trains. At Sheffield 2,000 children and 3,000 adults received beds last week. The mayor's relief fund amounts to $30,000. The flouring mill of White, Nash & Co., of Lanesboro, Minn., was destroyed by fire, Dec. 20th. Loss, $40,000. At Oakland Park, Cal., Dec. 21st, Rarus trotted the first heat in 2:14; the second heat with running mate in 2:14½. In New York city, December 117th, gold sold at par, the first time since the suspension of specie payment in 1862. At Cahoes, N. Y., Patrick Bourke and family of five children were burned with their house on the night of December 18th. Great excitement has been caused in Cincinnati by the failure of the banking house of C. F. Adae & Co. Liabilities $680,000. A Liverpool dispatch says it is many years since the working classes endured such distress and privation as at the present time. Reports from a large number of places represent the distress as very great and increasing among the better class of mechanics and working men. At Stocton the distress is increasing. Hundreds of families of iron workers are destitute, and an influential committee is canvassing for subscriptions and contributions. At Treichlero, Pa., December 19th, the clothing of a child of Mrs. [Mench was aceidentally set on fire, and in an attempt to extinguish the flames the mother and child were burned to death. Advices from Stoekholm state that another firm, I. Hirsch, has failed, with 3,000,000 crowns liabilities, its difficulti having arisen through the fall in the price of iron, and also from unprofitable speculations in buildings and lands. The secretary of the treasury bas issued a cirenlar to customs officers authorizing them to receive, after the 1st of January, United States notes as well as gold coin and standared silver dollars in payment of duties on importations. The Illinois & St. Louis bridge has been sold under a decree of court, foreclosing the first and second mortgage bonds. It was purchased in the name of Anthony J. Thomas, of New York, who paid $50,000 gold as earnst money! The price paid is $2,000,000. At Birmington a meeting, convened by the mayor, has been held to consider the Debt means to relieve the distrees which is de:


Article from The Milan Exchange, December 26, 1878

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San Xavier within 20, and Santa Rita, with the famous Toltec and Aztecgroup of ruins, within 30 hours' ride, and the Mexican frontier within the same time. Senator Thurman declines to be the Democratic candidate for Governor of Ohio. Miss Mattie Todd, a niece of Mrs. Abraham Lincoln, is an applicant for the Postoffice at Cynthiana, Ky. The banking-house of C. F. Adae & Co., Cincinnati, suspended on the 18th. Liabilities $780,000, and assets about $400,000. The creditors are mostly Germans. The failure created great excitement, and will doubtless cause much financial distress among the smaller depositors. An aggravated case of grave robbery has recently occurred at Evansville, Ind., where Mrs. Frank M. Murphy discovered the body of her husband, which had been buried only a few days previously, in the college dissecting-room, horribly mutilated, but still recognizable. At Cape Girardeau, Mo., on the evening of the 19th, Wash Ivers, a porter at the Franklin House, shot his wife and then himself. Both shots were instantly fatal. Imtemperance and conjugal unhappiness was the cause. At Cleveland, O., on the 19th, Dr. Geo. W. Angier, a well known veterinary surgeon, was shot and killed by a pistol in the hands of John W. Rice. The parties were intimate friends, and Rice claims that the shooting was accidental. The great Illinois and St. Louis Bridge, built by Captain Eads at a cost of $7,000,000, was sold at auction on the 20th, for $2,000,000. The purchaser was Mr. Anthony J. Thomas, of New York, acting as representative for the bondholders. A new company has been organized, with Solon Humphreys, of New York, as President. Ignatus Donnelly, Democrat, will contest the seat of W. D. Washburn, Republican, returned to Congress from the St. Paul, Minn., District. At Nicholsonville, Ky., on the 21st, Chas. Campbell stabbed James Hawkins in the arm and then cut his throat, causing death in three minutes. Campbell is a negro and was enraged at Hawkins because of the latter's interference in the procurement by Campbell of a license to marry a grass-widow. Campbell made his escape. In a ten-pin alley at Crockett, Texas, on the 21st, W. A. Hall struck James H. Wall in the head with a ten-pin ball, fracturing his skull and causing death. The murderer was arrested and held in $2,000 bail. John W. Rice, who shot and killed, accidentally, as he claimed, his friend George W. Angier, in Cleveland, on the 19th, has been arrested for murder. Angier lived long enough to make a statement, to the effect that Rice had been jealous of his (Angier's) attentions to Mrs. Rice, and that he had on several occasions threatened to shoot him. Stephen D. Richards, who murdered Mrs. Harrison and her three children in Kearney County, Neb., on Nov. 2 last, and subsequently.poisoned Peter Anderson, a neighbor, and then fled the State, was arrested at Mount Pleasant, o., his former residence, on the 21st, and has since been surrendered to the Nebraska authorities. Richards lived with Mrs. Harrison on the Nebraska farm and murdered her and her children in order to gain possession of her homestead. He secreted the remains of his victims in a haystack, and there being no near neighbors the murders were not discovered until the 9th of December, upon which day Richards poisoned Anderson and made his escape. At Fort Smith, Ark., on the 20th, John Postoaks, a Creek Indian, and James Diggs, a negro, were hanged on the same gallows. Postoaks murdered John Ingley, in October, 1877, and Diggs murdered J. C. Gould in August, 1873. The Indianapolis Savings Bank has suspended payment. It is claimed that all indebtedness will ultimately be paid in full.


Article from Little Falls Transcript, December 26, 1878

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MISCELLANEOUS. Three boys were drowned in Cambridge, Mass., Dec. 21st, while skating. There was a heavy snow storm, Dec. 21st, throughout Ontario, causing great delay to railroad trains. At Sheffield 2,000 children and 3,000 adults received beds last week. The mayor's relief fund amounts to $30,000. The flouring mill of White, Nash & Co., of Lanesboro, Minn., was destroyed by fire, Dec. 20th. Loss, $40,000. At Oakland Park, Cal., Dec. 21st, Rarus trotted the first heat in 2:14; the second heat with running mate in 2:14½. In New York city, December [17th, gold sold at par, the first time since the suspension of specie payment in 1862. At Cahoes, N. Y., Patrick Bourke and family of five children were burned with their house on the night of December 18th. Great excitement bas been caused in Cincinnati by the failure of the banking house of C. F. Adae & Co. Liabilities $680,000. A Liverpool dispatch says it is many years since the working classes endured such distress and privation as at the present time. Reports from a large number of places represent the distress as very great and increasing among the better class of mechanics and working men. At Stocton the distress is increasing. Hundreds of families of iron workers are destitule, and an influential committee is canvassing for subscriptions and contributions. At Treichlero, Pa., December 19th, the clothing of a child of Mrs. [Mench was accidentally set on fire, and in an attempt to extinguish the flames the mother and child were burned to death. Advices from Stoekholm state that another firm, I. Hirsch, has failed, with 3,000,000 crowns liabilities, its difficulties having arisen through the fall in the price of iron, and also from unprofitable speculations in buildings and lands.


Article from The Findlay Jeffersonian, December 27, 1878

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Lawerence Otis Hall, a clearing house clerk of the London and Sab Francisco Bank. absconded on the 17tb, with 13,000 of the bank's money. The roof of the Frank Hall. at Kanas city, fell in on the evening of the 17th, caused by a heavy weight of snow. The building was crusned to the ground, killing one man and seriously wounding several others. At Truckero. Pa., on the 19th, Mrs. Mionish and child were burned to death. The child's dress had accident ally taken fire, and in attempting to save it the mother's dress was ignited and the double catastrophe followed Near Grafton. on the 18th, the dead body of au uuknown man was found on the railroad track. He wasthought to have been murdered and robbed by (ramps and left upon the track. The banking house of C. F. Adae & Co., of Cincinnati, suspended last seek, with liabilities amounting to $781,000. The assetts are only $400, 000 Another argument in favor of reckless and insecnre banking (1) At New York, on the 20th, the jury in the case against General Sheridan, to recover $400,000 for the seizure of Kellona plantation, St Charles parisb, La, in 1867, and the ejectment of Jas. E. Whaleu by military order, brought in a verdict for the defendant. A motion will be made for a new trial. An effort is being made to remove the county seatof Bellmont County, from St. Claresville, to Bellair city. Louis F. Therasson, a well known lawyer of New York City, was conviet ed and sentenced '0 tw years in the States prison last week for obtaining from a client, Mrs Zaboiskie, her signature under false pretenceses. A colored man, named George Decker was placed in the pilory, in a blinding snow storin, at Willmington, Delaware, last Saturday, and received sixty lashes, and was then taken to prison to serve out his sentence for murder in the second degree. David 0. Gibson, his two sons, and Samuel P. Moore, were arrested on the 24th, and taken to Mt. Vernon, Ky., charged with forgery under the pension laws of the United States. They have been operating for several years, and have drawn more than $10.000 from the U. S. Trearury on false vouchers. They are also charged with drawing money for pensioners who have been dead for years. One of the cooper shops of the Standard Oil Company's works at Cleveland, was destroyed by fire on the evening of the 24th. The loss is esti mated at$20,000 by competent judges. Abe Rothschilds, who murdered Bes sie Moore in Texas, then fled to Cin cinnati and there attempted to commit suicide but failed, was arrested and after recovery taken to Texas on a requsition from the Governor of that State, has been found guilty of murder in the first degree. St-phen D. Richards, arrested recently in this State and taken to Nohraska, on a requisition, has confessed to commiting nine murders within the past three yeaes. Gov. McCreary, of Ky., hasat 1 ngth sent a guard of soldiers into Breathitt county to control the outlaws there. They have suspended operations while the troops are there.


Article from The Superior Times, December 28, 1878

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Heavy Failure. Excitement was created in financial circles at Cincinnati, o., on the 18th inst., by a report that the banking house of C. F. Adae & Co. had suspended. The firm has sustained a heavy drain upon deposits for the past year, and as there was apparently no prospect of a change in affairs, an assignment was made at a late hour in the afternoon. Liabilities at stated at $780,000, of which amount$680,000 is in time certificates, and the remainder due on call. Assets are stated nominally at $400,000. The creditors of the firm are mostly Germans and numbered by hundreds.


Article from Union County Courier, January 1, 1879

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Heavy Failure. Excitement was created in financial circles at Cineinnati, O., on the 18th inst., by a report that the banking house of C. F. Adae & Co. had suspended. The firm has sustained a heavy drain upon deposits for the past year, and as there was apparently no prospect of a change in affairs, an assignment was made at a late hour in the afternoon. Liabilities at stated at $780,000, of whichamount $680,000 is in time certificates, and the remainder due on call. Assets are stated nominally at $400,000. The creditors of the firm are mostly Germans and numbered by hundreds.