17765. Raymer, Seagrave & Co. (Toledo, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
December 5, 1884
Location
Toledo, Ohio (41.664, -83.555)

Metadata

Model
gpt-5-mini
Short Digest
146e5d56

Response Measures

None

Description

Multiple contemporaneous newspapers report Raymer, Seagrave & Co., 'private bankers' of Toledo, made an assignment on Dec 5, 1884, after refusing payment and posting a notice of suspension. Assignment to E. H. Rhoades indicates an insolvency/closure rather than a temporary suspension with reopening. Cause attributed to depreciation in real estate, poor securities/guaranteed loans and business depression. No run or depositor mob reported.

Events (2)

1. December 5, 1884 Other
Newspaper Excerpt
made an assignment this morning to E. H. Rhoades; assigned all property and assets of every kind without reserve or preference to E. H. Rhoades; liabilities about $400,000-$500,000 (reports vary).
Source
newspapers
2. December 5, 1884 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Depreciation in real estate, poor securities and guaranteed loans; business paralysis/depression leading to inability to meet payments; firm refused a $200 check and closed doors; assignment follows.
Newspaper Excerpt
This bank has suspended; cause-business depression and too much real estate.
Source
newspapers

Newspaper Articles (14)

Article from Savannah Morning News, December 6, 1884

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TOLEDO BANKERS SINK. Dealings with Shrewd Speculators Leave Their Accounts in Bad Shape. TOLEDO, O., Dec.5.--The banking house of Raymer, Seagrave & Co. assigned today, without preferences, to E. H. Rhoades. The liabilities are thought to be about $500,000, with assets nominally equal. The assets are mainly in real esstate. The creditors are mostly Eastern parties, who made Raymer, Seagrave & Co. their agents for loaning money. It is said that in order to make as much as possible the firm took poor securities, and were obliged to guarantee loans to capitalists. In this way the bank got possession of a vast amount of real estate which to-day would not bring in what it is worth. This method has been carried on for years, and the depreciation in value of real estate has finally compelled the suspension. The private depositors were few in number, the total amount of their deposits, it is said, not exceeding $100,000. Prominent bankers, who should know the facts, say that there are nearly $250,000 secured liabilities and $150,000 unsecured. MILLERS ASSIGN. ST. .LOUIS, Dec. 5.-Backer & Stern, millers, of Millstadt, St. Clair county, III., made an assignment yesterday to Walter E. Yeaman. Their liabilities are about $60,000. Their assets are not stated. They are rated at between $40,000 and $75,000. DUN & co.'s REPORT. NEW YORK, Dec. 5.-The failures throughout the country, as reported to R. G. Dun & Co., of the mercantile agency, number for the week: United States, 294; Canada, 26; a total of 320, an increase of 71 over last week. The increase is general in all sections of the country, but particularly noticeable in' the Southern and Western States. FAILURE OF A CLOTHIER. CHICAGO, Dec. 5.-Jonas Strauss, a retail clothing merchant, has failed. His liabilities are $40,000 and his assets $25,000.


Article from The Wheeling Daily Intelligencer, December 6, 1884

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Depreciation In Real Estate. TOLEDO Dec, 5.-Raymer, Seagrave & Co., private bankeis, made an assignment this morning to E. H. Rhodes. The creditors are mostly Ohio parties who made Rayiner, Seagrave & Co. agents for loaning money, It is said that in order to make as much as possible tho firm took poor security and were obliged to guarantee loans to the capitalists. In this way the bank got possession of a vast amount of real estate which to-day would not bring in what it is worth, This method has been carried on for ten years, and depreciation in the value of real estate has finally compelled suspension, Private depositors were few, the total amount of deposits not exceeding, it is said, $10,000. Prominent bankera, who should know the facts, say there are nearly $250,000 in secured liabilities and $150,000 unsecured.


Article from The Semi-Weekly Miner, December 6, 1884

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Assignment. TOLEDO, Dec. 5.-Raymer, Seagrave & Co., private bankers, assigned this morning. The reditors are mostly Eastern parties for whom the firm were agents for loaning monev. It 18 said that in order to make as much as possible the firm took poor securities and were obliged to guarantee loans to the capitalists. This method has een carried on for years and depreciation in the value of real estate finally C mpelled the suspension. Private deposits will not exceed $10,000. Bankers say tt ere are nearly $250 000 in secured liabilities and $150,000 unsecured.


Article from The Indianapolis Journal, December 6, 1884

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Suspension of a Private Banking Firm. TOLEDO, O., Dec. 5.-Raymer, Seagrave & Co., private bankers, made an assignment this morning to E. H. Rhodes. The creditors are mostly Eastern parties, who made Raymer, Seagrave & Co. their agents for loaning money. It is said that in order to make as much as possible, the firm took poor securities and were obliged to guarantee loans to the capitalists. In this way the bank got possession of a vast amount of real estate, which to-day would not bring in what it is worth. This method has been carried on for years, and depreciation in the value of real estate has finally compelled the suspension. The private depositors were few, and the total amount of deposits is not over, it is said, $10,000. Prominent bankers who should know the facts, say there are nearly $250,000 in secured liabilities, and $150,000 unsecured.


Article from New-York Tribune, December 6, 1884

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THE CONDITION OF TRADE. SUSPENSION OF A BANKING FIRM. FAILURE OF RAYMER, SEAGRAVE & CO., OF TOLEDO, OWING TO BUSINESS DEPRESSION. IBY TELEGRAPH TO THE TRIBUNE.I TOLEDO, Dec. 5.-The banking firm of Raymer, Seagrave & Co. refused to pay a check for $200 at 9 a. m. to-day, and soon after closed its doors. The following notice was posted on the front door: This bank has suspended; cause-business depression and too much real estate. Mr. Seagrave made a statement substantially as fol. lows: "Complete paralysis of business within the last four months has borne down on us so here that we have been doing really nothing at all. Persons having money here have been drawing It out, and there has been nothing coming in. This, coupled with the heavy burden of real estate which we have been carrying, and for which there has been no sale for the last ten years, has brought on the complication. We have made an assignment of all our property and assets of every kind without reserve or preference to E. H. Rhoades. We have real estate that has cost us at least $600,000, and on which there are incumbrances amounting to about $200,000. If the property can be handled to good advantage we will come out in good shape, paying off all liabilities and leaving us a handsome surplus, but if the claims are pushed without any tact or consideration they may sweep the whole thing away. Our line of individual depositors has always been rather small, and that has been a minor part of our business.as it was confined mostly to personal friends and is about $10,000.") "Can you give any idea of the liabilities !" "They are said to be about $500,000." The firm has an honorable name, the personal character of the two men is of the best, and the probabilities are that they will have no trouble in making a settlement with creditors. The firm owns Pelton Block, Erie Street Railway and Toledo Cotton Mills.


Article from St. Paul Daily Globe, December 6, 1884

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Another Bank Failure. TOLEDO, 0., Dec. 5.-Raymer, Seagrave & Co., private bankers, made an assignment this morning to E. H. Rhodes. Their creditors are mostly eastern parties, who made Raymer, Seagrave & Co. agents for loaning money. It is said, in order to make as much as possible the firm took poor securities, and were obliged to guarantee loans to the capitalist, and in this way got possession of a vast amount of real estate, which to-day would not bring in what it is worth. This method has been carried on for years, and the depreciation in the value of real estate has finally compelled a suspension. Their private depositors were few. The total amount of deposits will not exceed, it is said, $10,000. Prominent bankers, who should know the facts, say there are nearly $250,000 in secured liabilities, and $150,000 unsecured.


Article from The Salt Lake Herald, December 6, 1884

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Business Failures. New YORK, December 5.-Failures throughout the country for the last seven days: United States, 294; Canado, 26. Total, 320; increase, 71. TOLEDO, 0., December 5.-Raymer, Seagrave & Co., private bankers, assigned this morning. The creditors are mostly eastern parties for whom Raymer, Seagrave & Co. were agents for loaning money. It is said in order to make as much as possible, the firm took poor securities, and were obliged to guarantee the loans to the capitalists. This method has been carried on for years, and the depreciation in the value of real estate finally compelled a suspension. The private deposits will not exceed $10,000. The bankers say there is nearly $250,000 in secured liabilitiesand $150,000 unsecured.


Article from The Dallas Daily Herald, December 6, 1884

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Another Instance of Bad Banking. TOLEDO, Dec. 5.-Raymer, Seagrave & Co., private bankers, made an assignment this morning to E. H. Rhodes. The creditors are mostly eastern parties who made Raymer, Seagrave & Co. agents for loaning money. It is said that in order to make as much as possible the firm took poor securities and were obliged to guarantee loans to the capitalists. In this way the bank of a got possession vast amount of real estate which to-day would not bring what it is worth. This method has been carried on for years, and the depreciation in the value of real estate finally compelled suspension. Private deposits were few, the amount deposited not exceeding, it is said, $10,000. Prominent bankers, who should know the facts, say there are neariv $250,000 in secured Habilities, and $150,000 unsecured.


Article from The Worthington Advance, December 11, 1884

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Miscellaneous News Notes. Gov. Hendricks is senior warden in St. Paul's cathedral, Indianapolia Raymer, Seagrave & Co., private bankers, Toledo, have assigned. Liabilities $400,000. W. F. Vanderbilt and his sons recently inspected the family mausoleum in the cemetery on $500,000. Staten island, on which they are expending It is said suit is to be brought against the officials of Wabasha county, Ind, to recover $25,000 taxes collected during the past two decades from Indians, it being held that the phrase, "Indians not taxed," means sòmething. Dispatches from all points state that the presidential electors of the several states met on Wednesday last and cast their votes as directed by the people, and selected messenballot. gers to convey to Washington the result of the Laura G. Clancey, the actress who was cremated at Lancaster, Pa, recently, was a spiritualist, and said just before she died: "I know my mother will be with me to-night." She was Frank Mayo's leading lady. The largest vessel ever built at Buifalo has just been launched there. It is a steel steamer, 301 feet in length over all, 38 feet beam, cost $225,000. She has been fitted up for passenline. per trade and run in the Lake Superior Tratsit The Rev. S. B. Rossiter of New York, In & recent sermon, said he didn't know anything of what goos on inside à theater, but from the show bills and the newspapors he judges people see nothing but seduction, adultery, murder, false maraiage, robbery and blasphemy. A movement has been started in this city to erect a monument to the colored soldiers who were killed during the rebellion. The move. ment has been started under the auspices of Charles Sumner post, Ct. A. R., all of whose members are colored men who served in the a.my and navy. The entire property of the Merrill & Houston iron works at Beloit, Wis., including machinery and patterns, which has been in the hands of an assignee for a year, advertised by R. J. Burdge, assignee, is for sale at auction, on Jan 7, for the benefit of the creditors. The plant represents over $20,000 of the late company's assets, and is very valuable. The following was adopted by the Alabama senate on Friday: Be it flesolved, That the sense of this senate às reflocting the feelings and sentiments of the whole people of Alabama, is most earnestly and heartily in favor of the largest appropriations by the state, compatible. with the existing financial couditions, for the support of our public schools, and our profoundest regret is our inability to do mere for these grand institutions, an Indispensable to the safety of society and property, free, civilized and Christian government, and 80 indicative of intellectual, moral and material develapnient, in sympathy with the spirit and demands of enlightened humanity, and especially and solemuly do we express the obligation and fixed purpose of the white people of Alabama to aid in the education of the colored children in our midst.


Article from The Northern Pacific Farmer, December 11, 1884

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General News Items. An exodus of South Carolina negroes to An kansas is taking place. H. P Ferguson, tobacco dealer of Lynch. burg, Va, has made an assignment Liabilities $30,000. Raymer, Seagrave & Co., private bankers of Tolédo, Rhodes. have made an assignment to E. H Henry Newman of San Francisco, dealer is millinery goods, has failed. Liabilities, $50, 000; assets $46,000. The Vanderbilts, Goulds, Sloans and De pews were conspicuous by their absence from the Astor wedding, their blood not having reached the requisite indigo tink Hog cholera is destroying swine in the vicin. itv of Wheeling. W. Va. Hogs in the vicinity of Flatbush, N. Y,, are dying at the rate o: sixty a day. The liabilities of Hill Fletcher, wholesale no tions, of Louisville, who has assigned, are $80, 000; assets, $150,000. The failure was force by the dullness of trade. There is a scheme on foot to procure a loan of $1,000,000 from the government to aid in establishing an international agricultural exposition to be held at Louisville, Kv. Roberts & Co., groceries and liquors, of Augusta, Ga., Were sold out for a nominal consid. eration to Charles E. Staples. The stock is sub. ject to mortgages and claims of $71,000; nominal assets, $68,000. The crop report of the Ohio state board of agriculture for December, based on six hundred township returns from all counties in the state, gives the following state averages: Area sown, compared with 1883-wheat, 74 per cent; rye, 98; barley, 93. Condition compared with full averages-wheat, 93; rye, 89; barley, 87: farm animals, 84. Workmen employed in the American Iron works, Pittsburg (Jones & Laughlin's); between eight hundred and one thousand in number, who received notice of a reduction of 10 per cent in wages, to take effect on Monday, have decided to accept without opposition. Laborers at the Crescent Steel works, who were reduced from $1.25 to $1. per day, have also ac. cepted.


Article from The Sun, December 11, 1884

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General News Items. An exodus of South Carolina negroes to An kansas is taking place. H. P. Ferguson, tobacco dealer of Lynch. burg, 12, has made an assignment Liabilities $30,000. Raymer, Seagrave & Co., private bankers of Toledo, have made an assignment to E. H Rhodes. Henry Nowman of San Francisco, dealer it millinery goods, has failed. Liabilities, $50, 000; assets $46,000. The Venderbilts, Goulds, Sloans and De pows were conspicuous by their absence from the Astor wedding, their blood not having reached the requisite indigo tint. Hog cholera is destroying swine in the vicin. itv of Wheeling, W. Va. Hogs in the vicinity of Flatbush, N. Y., are dying at the rate o: sixty a day. The liabilities of Hill Fletcher, wholesale no tions, of Louisville, who has assigned, are $80, 000; assets, $150,000. The failure was force by the dullness of trade There is e scheme on foot to procure a loan of $1,000,000 from the government to aid in establishing an international agricultural exposition to be held at Louisville, Ky. Roberts & Co., groceries and liquors, of Augusta, Ga., were hold out for a nominal consid. eration to Charles E. Staples. The stock is subject to mortgages and claims of $71,000; nominal assets, $68,000. The crop report of the Ohio state board of agriculture for December, based en six hundred township returns from all counties in the state, gives the following state averages: Area sown, compared with 1883-wheat, 74 per cent: rye, 98; barley, 93. Condition compared with full averages-wheat, 93; rye, 89; barley, 87; farm animals, 84. Workmen employed in the American Iron works, Pittsburg (Jones & Laughlin's), between eight hundred and one thousand in number, who received notice of a reduction of 10 per cent in wages, to take effect on Monday, have decided to accept without opposition. Laborers at the Crescent Steel works, who were reduced from $1.25 to $1. per day, have also ac. cepted.


Article from Devils Lake Inter-Ocean, December 13, 1884

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colored children. John Fitzsimmons, an engineer who was permanently crippled on one of the lines of the Pennsylvania company, refused $18,000 in settlement, 18 Amt e Aq 008 27$ am SEM pus Youngstown, Ohio. At a conference of republican politicians in New York, it was decided to send James D. Warren to Washington to learn whether President Arthur desires to make the race for senator *Axoid 4q JO Ajuedo H. W. Sanford, one of the earliest settlers of Dubuque, who accumulated a fortune of $250,000. died at Sherburne, New York, in his 73d year. He made the circuit of the globe, crossing the Atlantic seven times. Miss Imm, of Cincinnati, caused the arrest of a distateful beau, named Leo Helier, for making threats. When arreigned for trial he attempted to shoot her, and when others interfered he killed himself in the court-room. A coach on the Grand Trunk road was set on fire near Kingston by the plosion of a mysterious box carried by Professor Dawson. of Belleville. Some of the passengers were nearly suffocated before the train could be stopped. The banking- house of Raymer, Seagrave & Co., of Toledo, Ohio, has been compelied to suspend business. with liabilities of $400,000. Its assets include the and Erie street railway, a cotton-mill, a large number of new buildings. An application has been made to the federal court at Chicago for the removal from the criminal court of Cook county of the case of "Black Jack" Yattaw. who was indicted for killing a ran. special constable named William CurEdward Condit, a forger in jail at Jersey City, sawed through his cell door, locked up two guards who were asleep on duty, severed an iron staple on the bath-room door, and was caught ator. while cutting the bars of the ventilAt Lincoln, Illinois, Tuesday evening, the father of Zura Burns fired a shot at O. A. Carpenter, who was tried andacquitted of the girl's murder. The bullet struck an iron column, and friends. Carpenter was escorted home by Bryan Smith, a retail grocer of Atchison, Kansas, was forced to make assignment because the farmers there- an about refused to sell their grain and pay their debts. The creditors will reopen the store and dispose of the stock for cash. The iron firm of Zug & Co., of Pittsburg, has thrown twelve hundred men Reystone The JO ano Bridge company will next month reduce wages 15 per cent., and a planing or employes superscript(s) tut 01 SI IIIIII per cent. It is rumored that The London Telegraph has purchased a large tract of land in the Mojave desert. on the Pacitic coast, to use the yucca plant in the manufacture of paper. the pulp to -10A!" 101 Orleaus MeN 01 paddins "[ood 0.1 Captain A. H. Murphy, superintendent of the workhouse at New Orleans, was assassinated on Claiborne street. while supervising the cleaning of the canal. Judge Thomas Ford and seventeen others have been arrested for the crime. In the matter of the estate of Wilbur F. Storey, of Chicago, Mrs. Eureka C. Storey and Mrs. Mary E. Farrand have appealed from the order of the probate court refusing to admit to probate a JO IIIM 1881 the eq 04 Suprodind reded the deceased. Judge Baxter, of Cincinnati, has ordered the vice president of the Hocking Valley road to show cause why be should not be punished for contempt in discriminating against W. P. Rend & Co., as to facilities and charges for carrying coal. Alexander Buntin, a Montreal millionaire. has been sentenced to ten days' imprisonment for making himself preferred creditor of the insolvent Exchange bank. of which he was vice president, by withdrawing $10,000 after the suspension. The cap-stone of the Washington monument was on Saturday noon lowered into place, 555 feet from the ground. The corner-stone was laid in 1848 by Robert C. Winthrop, who has been selected to deliver the oration next February. George Snyder, of Darrtown, Ohio. killed his aged mother with a shovel and buried her in a ravine, to obtain $100 which he had paid her as interest on a mortgage. The deed was perpetrated last month, but was only discovered on Friday. The manufacturers of Youngstown, Ohio, are considering the practicability of a pipe line to force natural gas from Butler county, Pennsylvania, for light and fuel. The distance is twentysix miles, and the estimated cost of the scheme is $156,000. Lucy Maclem, the daughter of hero of the Revolution, once well known to the literary world and said to have been engaged to Salmon P. 8 Chase, was sent to Blackwell's island by a New York police judge, for begstreets the uo SUIS The search for Abe Buzzard, the Pennsylvania outlaw, having been B abandoned by the citizens around elsh mountain, a reporter went to his hiding-place and secured an interof view. The bandit carries a Winches ter rifle, and defies arrest. a Roland Kane, a customs officer at Montreal. is to receive from the United States government $60,000 for informa tion furnished as to diamond smug gling on the border. by which goods o valued at $130,000 were seized by American customs officers. Pauline Ehrlich, of Chicago, caused the arrest of a former room-mate 02 named Martha Fidel, for stealing diamond ring presented to the mother of complainant by Emperor illiam for twenty years' service as a cook in E the royal kitchen at Berlin. A stranger entered a church parlon at oungstown. Ohio, where a ladies aid society was in session, and secured $50 cash for contributions to the amount o:


Article from The Times, December 19, 1884

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governor of Illinois for a pardon for John F. Burrell, the embezzling Masonicofficial, now undergoing five years' imprisonment in the Chester penitentiary. The books of the postoffice department for the last fiscal year show that mail service in Illinois paid a profit of $347,400, while the government contributed $845, to maintain postal facilities in Ohio. Pierre Prefaux, blind beggar, whose face was familiar to nearly everybody in Pittsburg, and who recently died while on his way to the hospital, is found to have over $5,000 in a savings bank. "Mother" Mandelbaum, the famous receiver of stolen goods in New York, forfeited her bail Thursday. It was subsequently learned that she is in Toronto, where she executed deeds to her real estate. Drilling in the natural gas-wells at Findlay, Ohio, has stopped at a depth of 1,650 feet, for fear of striking a vein of salt water. The supply of lightand. heat is ample for the fullest demands of the city. The senate of Alabama adopted a resolution favoring large appropriations for the schools of the state, and solemly expressing the purpose of the white people to aid in the education of colored children. J. B. Johnson, now in the penitentiary at Jefferson City, who cost the state of Missouri $200,000 by firing the prison shops last year, has been sentenced to ten additional years' confinement for arson. President Arthur finds himself unable to be present at the opening of the New Orleans exposition. Secretary Teller and Postmaster-General Hatton have gone forward in a special car, with their families. At a conference of republican politicians in New York, it was decided to send James D. Warren to Washington to learn whether President Arthur desires to make the race for senator openly or by proxy. Twenty citizens of Daggett, California, surrounded the officers in charge of William Pitts, suspected of murder, and hanged him on a telegraph-pole. He was a deserter from the 2d cavalry, stationed at Fort Ellis. H. W. Sanford, one of the earliest settlers of Dubuque, who accumulated a fortune of $250,000, died at Sherburne, New York, in his 73d year. He made the circuit of the globe, crossing the Atlantic seven times. It is stated that a representative of the Canadian Pacific syndicate has gone to Manitoba to purchase wheat with $4,000,000 advanced by the Bank of Montreal. The grain will be stored at Port Arthur until spring. There are twelve hundred men at work in the Eau Claire and Chippewa pineries, in Wisconsin, and three hundred in the woods on Black river. The heavier lumber corporations propose to largely curtail their product. Miss 1mm, of Cincinnati, caused the arrest of a distateful beau, named Leo Heller, for making threats. When arreigned for trial he attempted to shoot her, and when others interfered he killed himself in the court-room. A coach on the Grand Trunk road was set on fire near Kingston by the explosion of a mysterious box carried by Professor Dawson, of Belleville. Some of the passengers were nearly suffocated before the train could be stopped. The banking-house of Raymer, Seagrave & Co., of Toledo, Ohio, has been compelled to suspend business, with liabilities of $400,000. Its assets include the Erie street railway. a cotton-mill, and a large number of new buildings. The iron firm of Zug & Co., of Pittsburg, has thrown twelve hundred men out of employment. The Keystone Bridge company will next month reduce wages 15 per cent., and a planing mill is about to cut its employes 10 per cent. It is rumored that The London Telegraph has purchased a large tract of land in the Mojave desert, on the Pacific coast, to use the yucca plant in the manufacture of paper, the pulp to be shipped to New Orieans for Liverpool. The banking house of Opdyke & Co., of New York, which was founded by a former mayor of that city, susended payment Monday, with liabilities of $200,000. A speculative customer is charged with wrecking the house. Judge Baxter, of Cincinnati, has ordered the vice president of the Hocking Valley road to show cause why he should not be punished for contempt in discriminating against W. P. Rend & Co., as to facilities and charges for carrying coal. The cap-stone of the Washington monument was on Saturday noon lowered into place, 555 feet from the ground. The corner-stone was laid in 1848 by Robert C. Winthrop, who has been selected to deliver the oration next February. George Snyder, of Darrtown, Ohio, killed bis aged mother with a shovel and buried her in a ravine, to obtain $100 which he had paid her as interest on a mortgage. The deed was perpetrated last month, but was only discovered on Friday. The manufacturers of Youngstown, Ohio, are considering the practicability of a pipe line to force natural gas from Butler county, Pennsylvania, for light and fuel. The distance is twentysix miles, and the estimated cost of the scheme is $156,000. Lucy Maclem, the daughter of & hero of the Revolution, once well


Article from Wessington Springs Herald, December 26, 1884

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Va., led to an investigation and the discovery a few days ago that a band of boys, fully organized, and having grips, passwords, etc., were the robbers. Their headquarters were in an unfrequented section, and their meetings were always held at night. JUDGE HOWARD, of Arizona, recently fined three onvicted polygamists $500 each and sentenced them to three and one-half years each in the House of Correction at Detroit. Two Bishops were fined the same amount, and ordered to Yuma Penitentiary for six months. MISS KATE INN had Leo Heller, her former lover, in a Justice Court at Cincinnati a few days ago for threatening her. Heller attempted to kill the girl, but the Justice prevented him, upon which Heller shot himself dead. CRAZED with jealousy, John Purscht took oxalic acid at New York the other night, then worked at his head awhile with an ax, and finally shot himself dead. AN old fend caused a shooting affray at Gatesville, Tex., a few days ago, during which Henry Basham, Dr. T. H. Sauls and Abraham Sauls were fatally wounded. All the parties were well-to-do farmers. THE banking-house of Raymer, Seagrave & Co., of Toledo, was on the 5th compelled to suspend business, with liabilities of $400,000. SECRETARY CHANDLER, of the navy, in his annual report on the 5th stated that the expenditures of the Department for the fiscal year ended June 30, 1884, were $17,292,601. The estimate for the ordinary purposes and public work for the next fiscal year is $17,860,658, and the estimates for the increase of the navy, $15,071,572. Of this latter sum about one-half will be needed for the coming fiscal year. JOE WILLIAMS, the negro who murdered Minnie Brooks and Giles Hunt in Chicago, was on the 5th found guilty and sentenced to imprisonment for life. IN Cooperstown, D. T., the other day Mrs. H. G. Pickett, wife of a banker, accidentally killed herself while carelessly handling a revolver. A LARGE number of Connecticut clergymen appeared before the Railroad Commissioners in Hartford on the 5th to advocate restriction of Sunday traffic on railroads. AN incendiary fire on the 5th in Meyersdale, Md., destroyed fifteen buildings comprising the business portion of the village. A number of business men had received warnings that they would be burned out. TWENTY business buildings at Breckenridge, Col., were destroyed by fire a few evenings ago, causing a loss of about $100,000. BUSINESS men of Gloucester, Mass., entered a protest on the 5th against any reciprocity with Canada which would permit the entry of fish free of duty. HILL, FONTAINS & Co., of Memphis, Tenn., on the 5th estimated the cotton crop of this year at 5,683,000 bales. The frost of October 24 resulted in a loss of fully 100,000 bales. IN the United States and Canada there were 330 business failures during the seven days ended on the 5th, against 262 the previous seven days. The distribution