18469. First National Bank (Allentown, PA)

View Charter #161 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
161
Charter Number
161
Start Date
March 14, 1877
Location
Allentown, Pennsylvania (40.594, -75.478)

Metadata

Model
gpt-5-mini
Short Digest
7bc6cbcb

Response Measures

Accommodated withdrawals, Full suspension

Other: Receiver later paid dividends; stockholders assessed (described in later articles).

Receivership Details

Depositor recovery rate
88.0%
Date receivership started
1878-04-15
Date receivership terminated
1885-03-09
OCC cause of failure
Fraud
Share of assets assessed as good
5.9%
Share of assets assessed as doubtful
39.2%
Share of assets assessed as worthless
54.9%

Description

Contemporary press (March 14-16, 1877) reports a reported run/embarrassment (paying small checks by drafts on New York), suspension of payment and then officers announcing intention to close the business (permanent). Later articles (1878-1879, 1884) confirm liquidation and a receiver (Henry J. Anderson). OCR typos corrected (e.g., 'Alientown' -> Allentown).

Events (6)
1. December 16, 1863 Chartered
Source
historical_nic
2. March 14, 1877 Run
Cause
Rumor Or Misinformation
Cause Details
A report/rumor circulated that the bank had suspended, sparked by the bank's practice of paying small checks by drafts on New York and producing general uneasiness and heavy withdrawals.
Measures
Paying small checks by drafts on New York (used to meet withdrawals)
Newspaper Excerpt
There was much excitement in this region to-day, caused by a report that the First National Bank of Allentown, Pa. had suspended. The report was caused by the fact that the bank was paying checks for small amounts by drafts on New York.
Source
newspapers
3. March 15, 1877 Other
Newspaper Excerpt
The officers of the First National Bank of Allentown... to-day announced their intention to close up its business. They give no reason for this action, but state that not a dollar will be lost by any of its creditors.
Source
newspapers
4. March 15, 1877 Suspension
Cause
Rumor Or Misinformation
Cause Details
Following the run/reports of suspension (and temporary embarrassment), the bank suspended payment; contemporary accounts tie the action to the earlier report and resulting uneasiness.
Newspaper Excerpt
The First National Bank at Allentown, Pa, suspended payment yesterday. No explanation of their action has yet been given by the officers...
Source
newspapers
5. April 15, 1878 Receivership
Source
historical_nic
6. June 22, 1878 Receivership
Newspaper Excerpt
The stockholders of the defunct First National Bank, of Allentown, have been called upon to pay an assessment of 20 per cent, to cover the losses of the institution. (Also later references to receiver Henry J. Anderson and dividends paid out by the Receiver.)
Source
newspapers

Newspaper Articles (21)
1. March 15, 1877 The Daily Gazette Wilmington, DE
Article from The Daily Gazette, March 15, 1877

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General News. 2 The Rev. M. Coghlan, president of St. Joseph's College, Bardstown, Ky', and I ecclesiastcal superior of the Sisters of Charity of Nazareth, died at that instituT tion on last Sunday night of disease of , the heart. At a meeting of business men and citiS zens in Nashville, Tenn., last night, resolutions were adopted commendatory of 1 President Hayes' Southern policy as announced in his inaugural address, and expressing appreciation of the appointment of Mr. Key. K Francisco Peralti finished riding in New York last night at 10 o'clock, have e miles behind. His ing accomplished 457 actual miles, riding being time 143 was 23 hours, 8 minutes and 58 seconds. e Packard, in his reply to Hon. Stanley Matthews, yesterday, declines to entertain any proposition to relinquish or to abandon the position which he holds. It was reported yesterday that the First ) National Bank of Allentown, Pa., had 1 suspended. The report was caused by the fact that the bank was paying checks S for smallamounts by drafts on New York. t The temporary embarrassment of this e bank causes general uneasiness in that 1 region, notwithstanding the hopeful reassurances of its officials. S Jim Walker, colored, seventeen years old, attempted to murder and rob Mrs. Stockel, near Union Ridge, Williamson county, Tenn. She was rescued by another colored man. Walker was arrested and placed in jail at Franklin, from which he was taken out by about a dozen masked men, at eleven o'clock Tuesday night, and hung within a mile of that town. f The new hotel at the Greenbrier (W. Va.) White Sulphur Springs. known as the Peyton House, was burned Tuesday 1 night. The fire was caused by a defec7 the on com1 tive ing $30,000; flue in insured kitchen. in Baitimore Loss buildpanies for $25,000. Part of the furniture e was saved. The house was finished last June. e According to the Washington corres$ pondent of the New York World, Senator Howe is to be made chairman of the Committee on Foreign Relations, not Senator Morton. The latter and Hamlin are next in the line of promotion, but 1 they have important chairmanships in other committees. 1 The town elections in Essex county, e J., show a net Republican gain of one ) Freeholder. In Morris county the township elections show large Democratic gains, the Board of Freeholders being changed from Republican to Democratic. e

2. March 15, 1877 The New York Herald New York, NY
Article from The New York Herald, March 15, 1877

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FINANCIAL UNEASINESS. BETHLEHEM, Pa., March 14, 1877. There was much excitement 111 this region to-day, caused by a report that the First National Bank of Alientown, Pa. bad suspended. The report was caused by the fact that the bank was paying checks for small amounts by drafts on New York. The temporary em. barrassment of this bank causes general uneasiness, notwithstanding the hopeful reassurances of its otlicials.

3. March 15, 1877 The Wheeling Daily Register Wheeling, WV
Article from The Wheeling Daily Register, March 15, 1877

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Bank Embarrassed. BETHLEHEM, PA, March 14.-There was much excitement in this region today, caused by the report that the First National Bank, of Allentewn, had suspended. The report was caused by the fact that the bank was paying checks for small amounts by dratts on New York. The temporary embarrasement of this bank causes general uneasiness, notwithstanding the hopeful sustance of its officials.

4. March 15, 1877 New-York Tribune New York, NY
Article from New-York Tribune, March 15, 1877

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ANOTHER PENNSYLVANIA BANK EMBARRASSED. BETHLEHEM, Penn., March 14.-There was much excitement in this region to-day, caused by a report that the First National ank of Allentown. Penn., had suspended. The report was caused by the fact that the bank WHB paying checks for small amounts by drafts on New-York. The temp rary embarrassment of this bank causes general uneasiness, notwithstanding the hopeful reassurances of its officiala

5. March 16, 1877 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, March 16, 1877

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STILL ANOTHER NATIONAL BANK IN TROUBLE. - Bethlehem, Pa., March 14.-There was much excitement in this region to-day, caused by a report that the First National Bank of Allentown had suspended. The report was caused by the fact that the bank was.paying checks for small amounts by drafts on New York. The temporary embarrassment of this bank causes general uneasiness, notwithstanding the hopeful assurances of,its officials.

6. March 16, 1877 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, March 16, 1877

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News of the Day. Accounts have been received at military headquarters in Chicago that two hundred and twenty-Dine lately hostile Sioux have arrived at the Cheyenne agency and surrendered, giving up their arms and some 300 horses. One of the chiefs was a participant in the engagement which resulted in the slaughter of Gen. Custer's command and has civena interesting account of what he knows about it. He says that if the troops had not been divided into two parties "they would have hurt us very bad.' As it was, the Indians, after defeating one party, used the ammunition and arms cap. tured from them to slaughter the other. A number of white republicans in Louisiana have issued an address to the "citizens of the loyal States" in favor of Packard' susurpation. They refer to the "intimidation, violence, outrages and murders," which have been the radi cal theme since the close of the war. They re fer to the Nicholls party as "insurgents, and say if the President yield to them it will only be to encourage rebellion. The address is signed "W. H. Dunkgrave, chairman of committee. A Commission of the French Academy cf Sciences has reported from twenty.fiv departments ravaged by the phylloxera that in many ot them affluence has been replaced by poverty privation and misery; that the public taxes do not yield enough to pay for their collection For many years, it is feared, one of her principal sources of wealth will be lost 10 France. They recommend various measures for the isolation of infected districts and the destruction of the infected vines. The suit for the recovery of one million dol lars, twice the amount of which Jacob Rehm defrauded the government at Chicago in con nection with the whiskey ring, will be pushed vigorously by the government. Notice was served on Rehm yesterday, and the case will be called up 00 Monday. A motion is pending to aismiss the suit, and the first argument will be on this point. Charles Parrish, under his contract to urine coal for the receivers of the Lehigh and Wilkesbarre Company, has reduced the miners' wages 15 per cent. The miners have stopped work and protest against the reduction. They also ask for a guarantee that they will be paid for their work. If the latter is done they will probably submit to the reduction. Vice President Wheeler thinks ao extra session of Congress unnecessary. He says:-"I am familiar with army appropriations, and in my judgment there is a way of passing upon the only item in issue, the pay, without ao ex. tra session, and I shall SO give my opinion to the President." Wm. H. Vauderbilc's counsel states that there has been no settlement or compromise with his brother and sisters in relation to the late Commodore's will, and that whatever he may do for his relatives will be from motives of kindness and affection. Henry J. Tiffio, ao operator iu leading staplearticles in Montreal, Canada, has suspended liabilities $125,000. Tiffin has also 8 controlling interest in the Decastre Syrup Company, which will not be affected by his suspension. The twenty.fifth annual commencement of the Women's Medical College of Pennsylvania took place in Philadelphia yesterday. The degree of doctor of medicine was conferred on fif teen ladies. At a meeting of business mon and citizens in Nashville, Tenn., last night, resolutions were adopted commendatory of President Hayes's Southern policy, and expressing appreciation of the appointment of Mr. Key. Francisco Peralti finished riding in New York last night at 10 o'clock, having accomplished 457 miles, being 143 miles behind. His actual riding time was 23 hours, 8 minutes and 58 seconds. The First National Bank at Allentown, Pa, suspended payment yesterday No explanation of their action has yet been given by the officers, who assert, however, that the creditors will be paid every dollar due them. Stephen S. Jones, the editor of a Spiritualist orzao at Chicago, was shot dead yesterday by a man who accused him of the ruin of bis wife.

7. March 16, 1877 New-York Tribune New York, NY
Article from New-York Tribune, March 16, 1877

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THE ALLENTOWN BANK CLOSED. ALLENTOWN, Penn., March 15.-The officers of the First National Bank of Allentown. on which a run was reported yesterday, to-day announced their intention to close up its business, They give no reason for this action, but state that not a dollar will be lost by any of its creditors.

8. March 17, 1877 The Carbon Advocate Lehighton, PA
Article from The Carbon Advocate, March 17, 1877

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-"St. Patricks' Day in the morning" this (Saturday), 17th inst. - Another lot of new printing material just received at this office. Bring along your job work. -It is announced the Deleware, Lackawanna and Western Railway Company will sell 100,000 tons of coal at auction on the 28th instant. -"The American Celt" is the title of a new paper published at Hazleton, Luzerne county, by Hon. J. C. Fincher and T. J. o Brien. Price $1.50 a year. -The German Banking Company of Pottsville closed its doors on Tuesday, and will now go into liquidation. It owes depositors thirty-five thousand dollars, and has assets to double that amount, but it will take some little time to realize upon them. -The suspension of the First National bank of Allentown, Pa., was reported on Wednesday. But the fact that it paid checks for small amounts by drafts on NewYorkand hopeful assurances given by the bank officers, did not allay the general uneasiness. - A man named John Norris, of Parryville, while on his way to Hokendauqua, on Saturday last, in search of employment, attempted to board a coal train on the L. V. R.R., and in doing 80 slipped and fell with his leg under the moving cars, the wheels passing over it at the ankle. He was taken to St. Luke's hospital. -For their misdemeanor Milton Del. bert was sentenced to 10 years and Geo. Boyer to 7 years in the Eastern Penitentiary. They were conducted by Sheriff Raudenbush, to that establishment on Thursday morning last. At the same time Wm. Trumbaur, for stealing a horse and buggy from D. H. Rouse, at Weatherly, was taken down for four years. -Mrs. E. Fath, the popular Lehighton Miltiner, two doors below the M. E. Church, Bank Street, announces to the ladies that she is now receiving all the latest designs in spring millinery goods, comprising bennets, hats, ribbons, notions hair goods, &c., to which she invites their attention, believing that she can furnish articles in her line at prices fully as low as the same goods can be obtained elsewhere. No trouble to show goods.

9. March 17, 1877 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, March 17, 1877

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THE ALLENTOWN BANK CLOSED i UP. Allentown, Pa., March 15.-The officers of the First National Bank of Allentown (on which a run was reported yesterday) to-day announced their intention to close up its business. They gave no reason for this action, but state that not a dollar will be lost by any of its creditors.

10. March 22, 1877 The Stark County Democrat Canton, OH
Article from The Stark County Democrat, March 22, 1877

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PERSONAL AND POLITICAL. Hon. H. P. Bell, the regular Democratic nominee, has been elected to succeed Senator Ben Hill in Congress from the Ninth Georgia District. It is now settled that Indiana is to have a new State House. The Legislature has passed a law to that effect. J.C. Lee, late Lieutenant Governor of Ohio, was confirmed United States District Attorney for Northern Ohio. Postmaster General Key has thirteen children.-Exchange. No wonder the Republicans wanted him. They need reinforcements. Warmoth, of Louisiana, arrived here this morning. He is working in Nicholls' interest, and hopes, through Stanley Matthews and Schurz, to control the Federal patronage of the state.- Washington.,Special,15th. The First National Bank of Allentown, Pa., has suspended. Albany, March 16.-The Governor has sent to the Senate the name of General George B. McClellan for Superintendent of Public Works. Friday night six Chinamen employed in a clearing near Chico, Cal., were tacked by a party of whites and five of them murdered in cold blood and the sixth severely wounded. No cause is assigned for the deed, save the antipathy existing between the two races. New Orleans, March 16.-The leading bank presidents, insurance officers,cotton factors, commission and produce merchants of New Orleans telegraphed President Hayes to-day, endorsing the resolutions adopted by the Nicholls General Assembly, and assuring CO operation in restoring confidence and fraternal relations, and guaranteeing protection of life, liberty, and property to all. Warren, March 16.-Hon: E. B. Taylor, of this city, was to-day appointed by the Governor to fill the yacany caused by the death of Judge Servis. The appointment could not be better and gives great satisfaction. Washington, March -Judge Mackey, of South Carolina, had a brief interview with the "President" to-day, and read him a telegram from Governor Hampton, in which the Governor said the project of new election was the insult to the people of the state and to himself. The Governor also says that he does not wish to be recognized; what he desires is that the troops be removed from the State be House, then the will of the people can carried out, and carried out peaceably. Aiken, S. C.,March Nelson Brown, Lucius Thomas, Adam Johnson, and John Henry Denis, all colored, were hanged here to-day, for the murder two white men. Stephen Anderson,also colored, was found guilty of the same crime, but was yesterday respited for thirty days by Gov. Hampton. New York, March 6.-Peter B. Sweewhose name was associated with ney, Boss Tweed in the great Ring swindles, and who has been an exile for the past five years, has returned. He has not been taken in custody, because it was arranged with the Attorney General that if he would return and be present at the trial against him all proceedings civil and criminal, far as arresting him should be suspended during the trial and for thirty days afterward. W. D. Philips, of Austin, Minn., accused of seduction,secure his discharge A upon technical grounds last week. few hours later he was found covered with tar and feathers and badly bruised -the work of a number of women, whose sense of justice was too strong to permit the escape of confessed seducer. In the United States Senate, as in the War Department, says the World, one Cameron doth tread on another's heels, and Pennsylvania's "Senatorial seat once won, Bequeathed by aged sire and son, Is stil/ filled by a Cameron." The appointment of Fred Douglas has created much comment in the legal profession at Washi ington, and no little dissatisfaction among some of the old families. The office is worth from $10,000 to $12,000 year. The New York Sun, thus weeps for Robeson Secor Robeson, thou hast left us, But thy loss can't deplore, For of millions thou bereft us, And wert ripe for millions more. Gone, but not forgotten. Stanley Matthews thus formulates his belief; "In recognition of a State government the Federal Government exercises political and not judicial power, and in exercise of that power has right to be guided by considerations of the highest public policy." Indianapolis, March 17.- boiler exploded in the saw mill of Hunter Bros., five miles east of Worthington, Indiana, yesterday afternoon, killing twelve persons and wounding seven, all that were in the building. The mill ground corn on Fridays, and was trying a new set of corn burrs, and the day being wet the neighbors had gathered in. The verdict of the coroner's jury in the case of the St. Xavier Church panic in New York exonerates the church au thorities and confirms the amplitude of the exits. Pike, the murderer of Dr. Stevenson Jones. of Chicago, has been held for murder in the first degree and the murdered man's wife has been held as accessory. The Pine Bluff and Memphis steamer Governor Garland burned at Red Fork, on the Arkansas river yesterday, and with her cargo is a total loss. Four lives were also lost. James M. O'Donnell was arrested in Cincinnati yesterday, by a Peoria, Illinois, officer, charged with swindling by means of false representations concerning mortgages on property in Covington, Kentucky. Gov. Chamberlain telegraphs to WashV ngton that the proposition for a new election in South Carolina is new one C o him, and does not meet with his approval. se THERE has never been a time in the C history of Ohio when there was a greater have the Legislature relieve

11. July 21, 1877 The Carbon Advocate Lehighton, PA
Article from The Carbon Advocate, July 21, 1877

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$74,000, for 2,760 acres of land in Southern New Jersey. The honorary degree of A. M. was conferred upon A. F. K. Krout,of Coplay, by the board of trustees of Franklin and Marshall college at the commencement held recently. -Rev. A. R. Bartholomew, now tioned at Hummelstown, Dauphin connty, Pa. is home on a visit to his old friends hereabouts. He expresses himself as highly pleased with his charge. -If you tickle a mule's hind leg he will laugh until he shakes your sides. If you need teams for business or pleasure, go to David Ebbert's popular livery, where you can get fine teams at low prices. -J. K. Rickert has still a few of those eligible lots in Rickertstown to dispose of. If you feel like securing a good home call and see him He also plying flour,feed,lumber and coal the lowest rates. -Sermon to children in the M. E. Church, of this place, to-morrow (Subday) evening at 7.30. Responsiveread, ing and singing by the school. The public are cordially invited to worship God with us -T. D. Clauss, the merchant tailor is now receiving an immense stock of spring and summer styles of cloths, cassimeres and vesting, which he is prepared to make up in the latest fashion at very popular prices for cash. Mr. Samuel H. Anthony, proprietor of the well known Craig's Hotel at Lehigh Gap, received last week nine Summer Borders from* Philadelphia. Mr. Anthony expects about forty more in the course of a month or so. -Catasauqua is highly elated over the prospect of having a regimental drill in that borough on the 4th of Aug. Eight companies are expected to appear in line, to be reviewed by Generals Bolton and Reeder, with their respective staffs. -The Centennial Slate Company has now on hand 1,000 squares of their celebrated Guarantee Blue Roofing Slate, which they will sell at lowest market prices. For further particulars address F. P. Semmel, Sec'y, Lehighton, Pa. -Now is a good time to put in your winter coal, the price now being fully as low as it will be. Semmel & Gabel have just received 200 tons. which they are selling very low. Call and leave your order and learn prices. -Trexler, Kreidler and Maus have commenced the carriage manufacturing business at A. Buckman's old stand, and invite patronage. See their advertisement in another column, and then give them a share of your orders. On Wednesday evening of last week, Mr. Wm. Horn, of Mahoning Valley, killed a poreupine. It was one of the largest ever caught in this neighberhood, and can now be seen at J. McDaniel's hotel, having been stuffed and put in a case. One day last week a fourte en-yearold son of Mr. Daniel Shaffer, residing in Mahoning Valley, fell from a cherry tree, a distance of about 25 feet, striking with his forehead on a fence, caus ing a very ugly scalp wound. Dr. Derhamer is attending him, and we are pleased to say that the boy is rapidly recovering, -Daniel Graver, of the Bee Hive Store, having just returned from New York, is now opening a new and elegant stock of ladies' dress goods, dry goods, groceries, &c., which he is offerHe ing at unprecedently low prices. invites the ladies to call and examine goods before making their purchases elsewhere. -Jacob A. Blumer, City Treasurer of Ailentown, was arrested Wednesday on the charge of embezzling $13. 000 of the city's funds, and was held in $15,000 bail. Blumer was cashier of the First National Bank of Allentown, of which his father was President, and which recently went into liquidation. -Long's Sunday School, of North Whitehall, will visit Glen Onoko, above Mauch Chunk, to-day (Saturday). The excursionists have chartered a passenger car of the regular up morning train,and the regular down evening train will bring them back. Laury's Sunday School will also join the party if arrangements can be made in time. -Wednesday, the sheriff of Columbia county seized the Continental colliery, owned by Robert Gorrel & Co., at Centralia, for a claim of $60,000 in favor J.T. Audenried, of Philadelphia. The Sheriff has also levied on the Union colliery, of John Anderson & Co., for claim of $9,000 in favor R. J. Ryon, a former partner in the concern. -The new quarry of the Eagle Slate Company, at Cherryville. caved in Thursday of last week, doing damage to the company to the amount of $7060. The engine, derricks and other machinery were all smashed and broken. in Those working were warned just time, and ordered to suspend operations, thus avoiding loss of loss of life. Heavy rains were the cause. of last while Mrs. at dusk, On Wednesday Aaron B. week, Kistler, just the of Millport, was passing through house, she stumbled over some small children who were playing on the floor, unobserved by her until she had trod them. almost and upon In her her efforts left to clear them, she fell breaking arm between the wrist and elbow.

12. June 22, 1878 The Carbon Advocate Lehighton, PA
Article from The Carbon Advocate, June 22, 1878

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Local and Personal. -West's liver pills cure indigestion. -June is the great month for roses. Idiots' fringe" is the latest for banged hair. -Read Tilghman Arner's new advertisement in another column. -Prepa or the tax collectors. They will soon be on their rounds. -Shall'we celebrate Independence Day in a lively, patriotic manner, or not? -The Philadelphia excursionists made things lively in Mauch Chunk Monday. -It is said that Glen Onoko was? never more picturesque and inviting than now. -A baby is a necessity, but twins_alwuss did seem to be OV a spekulative natur. -An exchange says that moths will not touch any thing done up in_brown paper, -Spring and summer styles of gents and youth's hats, at T. D. Clauss' at low prices. -Professor T. A. Snyder, who taught our high school last term, was in town this week. -A full line of boots and shoes, gents furnishing goods; &c., at T. D. Clauss,' very cheap. -The Norristown Herald says that Comfort is dead. Make the best of it, that's cold Comfort. =Don't worry over the little ills of life. It is like swinging a sledge hammer to kill a fly. -Paris Green and Land Plaster, for sale, cheap for cash, at J. L. Gabel's hardware store. -It is stated that the excursion on Saturday netted some $8,000 to St. Duke's Hospital Fund. -On the 4th of July a series of interestIng races are to come off over the Rittersville Course. -Paints, oils, and varnishes very low at Luckenback's, Mauch, Chunk. Mixed paint all shades, to order. -No work, no reward, is the rule of nattural law. The old saw runs, "He that will eat the kernel must first crack to shell." -The arrival of summer dress goods, &c., at the Original Cheap Cash Store are announced in another column. -The Lehigh Fire Brick Works at Catasauqua, idle for several months, resumed operations last Monday week. -For new designs in wall paper, go to H. A. Peter, of the Central Drug Store. Sold cheap cash. Paris green at bottom prices. -For uttering an oath a fine of 67 cents is imposable under the law. If enforced protanity to some people would be quite exprensive. -A Reading firm has been awarded the contract for furnishing 400,000 bricks for the keay state lunatic asylum to be erected at Norristown. -Preserve your baby's health by promptlly administering Dr. Bull's Baby Syrup for the diseases of early childhood. Price 25 -cents a bottle. -Monday last our estimable friend, "Marcutio," of Philadelphia, dropped in to see us. His genial and smiling countenance is ever welcome in our sanctum. you want to getwen in this world you must be willing to take the bitter with the sweet. Unless you are ready to bear your share of the general burden you should not have been born. -Clocks and Watches carefully repaired, and work warranted, at lowest cash rates, at Hageman's cheap cash store, opposite public 30-13. square, Weissport. The first number of Hon. J.C. Fincher's Greenback paper will appear on the 3d of July. Subscriptionforthe six months $1.00. 1000 copies of the first issue will be printed. -The stockholders of the defunct First National Bank, of Allentown, have been called upon to pay an assessment of 20 per cent, to cover the losses of the institution. -J. K. Rickert has still a few those eligible lots in Rickertstown to dispose of. If you feel like securing a good home call and see him. He is also supplying four, feed, lumber and coal at the lowest rates. -See cherubims in another column holding a bunch of grapes from which Speer's Port Grape Wine is made, that is SO highly esteemed by the medical profession for the use of invalids, weakly persons, and the aged. -Go to A. J. Durling's popular store, for the celebrated insect powder-sure death to worms infecting currant, gosseberry and all other bushes. Paris Green, a fresh stock just received, for the destruction of the potato bug. Cheap for cash. -T. D. Clauss, the Lehighton merchant tailor, is now receiving an unusually large stock of gents suitings, cloths, cassimers and vestings which he will make up to order in the latest fashion at extremely low prices for cash. P.T. Brady has fitted up and will run in connection with his eating department an ice cream parlor for ladies and gentlemen and proposes to keep nothing but a first class article of ice cream and other refreshments. H. Peters, merchant tailor, post office building, has just received a large stock of gent's neckwear, &c,, which he is offering very low for cash. Look! Black silk bows, five for 25 cents; linen collars, two for 25 cents; gent's hose, six pair for 25 cents; and all other goods at equally low prices. -Daniel Graver, at the Bee Hive Store, has marked down the prices of ladies Dress Goods and Dry Goods in order to reduce stock. Now call for

13. January 10, 1879 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, January 10, 1879

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Business on all the railroads centering at Buffalo was suspended on the 3d, on account of the storm. It required thirteen engines to pull a train through on the New York Central from Albany. Snow plews were of little use as the drifts filled as fast as clearances were made. Two brakemen on freight trains on the Central New Jersey and North Pennsylvania Roade were frozen to death on the 8d. The miners at Luke Fidler colliery, Shamokin, Pa., struck on the 3d against a reduction of wages. George Einsig, of York, Pa., a man of dissolute habits, killed his wife on the 3d, because she refused to live with him. She was at the house of her father when the murder was committed, and her father, who had her infant child in his arms, was cut in the face while attempting to seize Einsig. The child was also slightly wounded. The murderer was arrested. The Maine Legislature elected Alonzo Garcelon Governor on the 3d. The vote in the Senate stood: Garcelon, 21; Smith, 10, and in e the House, Garcelon, 85; Smith, 85. Every Republican Senator voted for Garcelon. The balance of the Greenback-Democratic nominations for State officers were elected. The Miner's Saving Bank, of Wilkesbarre, Pa., was compelled to close its doors on the 8d on account of a run caused by the failure of Bennett & Co. Cornelius J. Vanderbilt has caused a citation to be issued requiring the executors of his father's estate to show why they should not be superseded, and enjoining them from further acting in the premises until the matter in controversy is settled. He charges William H. Vanderbilt with speculating in stocks on a gigantic scale, and to a greater extent than has ever been known, and to carry on such speculation he is using the assets of such estate to a very large extent as collaterals on loans or otherwise. Mrs. Benjamin Neal, of Walpole, Mass., perished in the flames of her home, which was burned on the 4th. Gardiner Lingley, of East Attleboro, Mass., killed himself and wife on the 4th. It is expected that at least 15,000 Mennonites will emigrate to this country from Russia by 1 May next, as the restrictions upon emigration, which were removed for their especial benefit, will again be enforced after that time. Hon. Morton McMichael, senior publisher of the North American, at Philadelphia, died on the 6th. Wm. Blumen, formerly President of the First National Bank, of Allentown, Pa., which went into liquidation a year ago, was arrested on the 6th charged with embezzlement. He was released on bail. An accident occurred on the New York Central Railroad, near Batavia, on the 6th, while endeavoring to clear the track of snow. Samuel Cooper, engineer, was badly scalded; Thomas Lawless, fireman, had one of his legs caught as the engine went over, and it was necessary to saw it off before he could be extricated; he cannot survive. James Welch, another fireman, was badly bruised. The city debt of Brooklyn amounts to $37,475,318, an increase of $1,235,566 within the 1 past year. S The Harmony cotton mills, at Cohoes. N. , Y., employing 3,500 hands and producing 300,h 000 yards of cotton goods a day, have reduced working time to three days a week, in order to reduce production and stiffen prices.

14. May 3, 1879 The Carbon Advocate Lehighton, PA
Article from The Carbon Advocate, May 3, 1879

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-West's liver pills cure liver complaint. -Read J. T. Nusbaum & Son's advertisement in another column. -Chew JACKSON'S BEST Sweet Navy To7-50. bacco. -Hon. J. G. Zern will please accept our thanks for favors shown this office. -Our farmers will be very busy from now until after harvesting. -Catasauqua has a borough debt of $37,419,98 with assets amounting to $22,000. -Parties going west can get tickets from Bert. Seaboldt, L. V. R. R. depot. 16-42 -Furnace No. 4 of the Thomas Iron Co., at Hokendauqua, was put in blast in the early part of last week. All of the stacks of this company are now in operation. -An additional dividend of fifteen per cent. has been ordered to be paid to the depositors of the First National Bank of Allentown, the checks for which have arrived from Washington, and are now being paid out by the Receiver, Mr. H. J Anderson, to those entitled to receive them. Two dividends have now been declared, one of 20 and one of 15 per cent.,and the Receiver thinks depositors will receive about 60 cents on the dollar in all. -Our Public Schools will close an eight months' term on Monday next. The closing exercises will be held in the Hall of the School Building, and parents and others are kindly invited to be present. -Michael and Sophia McAndrews were arrested at Pittston, Pa., Wednesday, on the complaint of Mrs. Elphison, for beating her husband, Thomas Elphison, to death, on the 10th ult.! -The suits against Thomas D. Conyngham, at Wilkesbarre were settled Wednesday, by the payment of 20 per cent. of the liabilities in cash. FOR SALE. Eight shares of the Capital stock of the 1st National Bank of Lehighton. For further particulars apply at the ADVOCATE office. -Just opened another large assortment of ladies, misses and children fancy gaiters, walking shoes and slippers, at astonishingly low prices, at J. T. Nusbaum & Son's. -New and elegant assorted stock of wall paper, just received at Dolen's Mauch Chunk at prices defying competition. Paper hanging specialty. -Watches put in first class order at Dolon's, Mauch Chunk. -The widow of the late ex-Sheriff John P. Miller, dec'd., recently quit housekeeping in Allentown, and now has her home with her daughter and only child, Mrs. Harry P. Cooper, at Parryville. -The Packerton Car Works again present a lively scene. All old hands are working and quite a number of new ones have found employment. Altogether there are about 500 hands at work at this time. The wages are: Laborers from S0 to 90 cents a day carpenters 80 cents to $1.25; greasers $1.10 to $1.25. --In Easton, on Thursday of last week, three hundred shares of the capital stock of the Lehigh Valley Iron Co., at Coplay, were offered at public sale, but no bids could be secured, and bence no sale. -Jonas Sondheim, first clothing store above the Mansion House, Mauch Chunk, keeps one of the largest and cheapest stocks of ready-made clothing in the county. He can suit you both in price and quality. -For beautiful designs in wall papers, fancy stationery, &c., call on E. F. Luckenback, near the Broadway house, Mauch Chunk. Lowest prices in Carbon County. H. H. Peters announces to his friends and the citizens in general that he is now receiving and opening his spring stock of cloths, cassimeres, vestings and suitings, and that he is prepared to make up all classes of clothing at prices never before heard of in this section. "Perfect fits and Lowest prices," is the motto of this house, and don't you forget Store in the Post-office building. -Lewis Weiss is now receiving and opening a new and elegant stock of hats, caps, boots and shoes forspring and summer wear, which he is prepared to sell at unprecedently low prices. He respectfully invites an inspection of his stock feeling assured that he can give full satisfaction. -The Popular Western Ticket Agent, B. O'Brian, will be at this office next Wednesday night. If you intend to go west, call and see him, he will send you right, cheap and quick. -Pimples and blotches on the face can be removed by rubbing with camphor milk. It costs only 25 cents per bottle. 21-24 -To FARMERS AND OTHERS.-Wm. Butler, at the Lime Kilns, nearly opposite the Mansion House, Mauch Chunk, is prepared to supply farmers and others with a pure artiele of Lime, for agricultural and whitewash ng purposes for cash. This lime is warrant. ed to be just what it is represented and to give perfect satisfaction. -The house of John L. Keogh, at Carbon IIill, near Pitiston, was destroyed by fire at one o'clock Tuesday morning. Two of Mr. Keogh's children- daughter aged 13 years, and a son aged 11-were burned to death. Another child was burned so badly that its recovery is doubtful, and Keogh was terribly burned about the head and face while trying to save his children. -And now the township officers have commenced to publish their financial statements as provided by law. The people have a right to know the condition of the public finances, and hence the passage of the act making it-obligatory for municipal authorities to make a statement annually. -The sureties of a tavernkeeper are liable for damages which may be recovered against the landlord in any action, and also for all fines, costs and penalties which may be imposed upon him for selling contrary to law. -Seventeen hams were the other night stolen from farmer Benninger, near the Lehigh Gap. -We have just received from Philadel-

15. August 9, 1879 The Carbon Advocate Lehighton, PA
Article from The Carbon Advocate, August 9, 1879

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instant, but in the absence of a fi ble report from the Philadelphia and ing Railroad company no definite pl action was agreed upon. Several indi 8 operators expressed their intention of ping work for the two weeks named. -Owing to the rain on Saturday the contemplated reunion of the 153r Z iment at Nazareth, on said day, did no place. A meeting was however held = which Col. Dachradt presided, and aft dresses by a number of those who had connected with the organization it wa resolved to postpone the reunion until r 17th, if clear; if stormy the 21st; ifth d should be stormy then on the first fin following. -About six miles from Weissport, county, live three old people, a brothe V two sisters, who are remarkable in S particulars. They are named Abr Barbara, and Maria Heibner, and stra say neither of them have ever ventu 8 slip into the hymenial noose. Bar eighty-six years, Abraham seventy8 and Maria seventy-four. They are honest old Pennsylvanians, care litt the turmoils of the great world beyond k humble home, and await patiently fi call that will end their earthly pilgri e -The controller of the currency ha declared a dividend of fifteen per cer the creditors of the First National Ba of Allentown, making fifty per cent. 1 The Receiver thinks, judging from I e appearances, that the claims upon the tution by depositors will be paid in f -There are strong indications th St. John's Church, at Slatington, un character, will be dissolved ere long the fact of a desire on the part of the ran congregation to be the owners of a ( edifice themselves, -The Presbyterian Sabbath sche e Catasauqua and Hokendauqua wer d their aunual pienic Wednesday, July d Rittenhouse Gap. It was the largest d of the season,filling fifteen cars and m ing over twelve hundred adults and 1e ren. er -Information has been received in delphia that Mr. Franklin B. Gowen dent of the Philadelphia & Reading 11 road, has succeeded in negotiating a loan for his road in London. He e traveling in France, and was expec Paris on the 5th of this month, wh was joined by Hon. Lin. Partholor to Pottsville, and Mr. George B. Kaerch is was district attorney of Schuylkill CO to the prosecution of the Mollie Maguire He will reach Philadelphia about the ne August, when it is stated that a nur ed new enterprises are to be andertaken te road.-Record. ed -For the week ending the 2d inst rs was shipped over the Lehigh Valle id road 94,074 tons of coal, making a to the season, to that date of 2,719,971 to ed increase, as compared with the sam as last year, of 4995,312 tons. d. -Messrs. Elwin Bauer and George no candidates for the Democratic nom for Prothonotary, were in town las gh nesday. he -The bad effects of imprudence to and drinking are speedily removed, : depression following eating is quick by ished by the use of Dr. Bull's Baltimo in Price 25 cents. m nt -For the five days endingJuly 3)

16. April 22, 1884 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, April 22, 1884

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THE SUPREME COURT. Nominal Transfer of Bank Stock-Liability of County for Bonds Issued. WASHINGTON, April 21.-A decision was rendered by the Supreme Court to-day in the national bank stock case of Henry J. Anderson, receiver of the First National Bank of Allentown, Pa., against the Philadelphia Warehouse Company. The question presented by this case is, whether a corporation which has taken national bank stock as collateral security for a loan has a right to nominally transfer the certificate of that stock to an irresponsible person in its employ, and have the certificate registered in the name of such irresponsible person, in order to escape the liability which would attach to such corporation as a stockholder of the bank in case of the bank's failure and insolvency. The court holds that the nominal transfer here brought in question was made in good faith, when the bank was in good credit and paying large dividends, and years before its failure, or even its embarrassment. So far as the company was concerned the transfer was not made to es cape impending calamity or to avoid incurring liability which it was unwilling to assume, and which it was at perfect liberty to shun. The judgment of the circuit court is affirmed. Opinion by Chief Justice Waite. Justice Miller read a dissenting opinion, in which he said that if in any case between private persons one of them had placed property in the hands of minors, servants or other irresponsible persons, for the purpose of escaping the responsibility attaching to the ownership of such property, while sharing all the advantages of such ownership, it would be held to be a transaction which could not be supported on any legal or equitable principle. The transfer in the present case, if not an actual fraud, was a fraud upon the banking law, and was so intended to be by both the original holders of the bank shares and the offices of the warehouse company. Justice Matthews joined in Justice Miller's dissent. The court also decided the case of John I. Blair, plaintiff in error, vs. the County of Cuming; in error to the Circuit Court of the United States for the district of Nebraska. This was a suit upon the coupons of a series of bonds amounting in the aggregate to $30,000, issued by Cuming county, Nebraska, in behalf of West Point precinct of that county, for the purpose of improving the waterpower of Elkhorn river. The county now refuses payment on the ground that the bonds in question are not its obligations, but the obligations of West Point precinct. The court holds that bonds issued by the county commissioners of a county in behalf of a pre-

17. April 22, 1884 Lancaster Daily Intelligencer Lancaster, PA
Article from Lancaster Daily Intelligencer, April 22, 1884

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AN important decision regarding the transfer of national bank stock has just been given by the United States supreme court. The case was that of Henry J. Anderson, receiver of the First national bank, of Allentown, Pa, against the Philadelphia warehouse company. Before the bank became embarrassed the ware house company had taken bank stock as collateral security for a loan, the certifi cate of which stock they had transferred to an irresponsible employe, in order to escape the liability attaching to the stockholder of such bank in case of its failure or insolvency. The supreme court, with Justices Miller and Matthews dissenting, holds that such nominal transfer saves the bank from liability. The legitimate deduction from the decision is that the fair weather of a bank may be enjoyed to the full, while against foul weather the supreme court will furnish ample protec tion.

18. April 22, 1884 New-York Tribune New York, NY
Article from New-York Tribune, April 22, 1884

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UNITED STATES PREME COURT. A RAILROAD AND P NATIONAL BANK CASE DECIDED -OTHER PROCEEDINGS, ASHINGTON, 21.-A decision was rendered in the Supreme Court of the United States to-day in the railroad cases entitled F. L. Ames and others, the Board of Directors of the Union Paciffe Railroad Comрацу, plaintiffs in error, agt. the State of Kansas, ex rel. F.A. Johnston, Attorney-General, and the Kansas Pacific Railway Company, plaintiff in error, azt. the same. In error to the Circuit Court of the United States for the District of Kansas, These were suits brought by the State" of Kansas in her own courts against the Union Pacifie and Kansas Pacific railroad companies to defeat the consolidation of these corporations, which was effected by an agreement entered into January 24, 1880. The questions presented here relate to the right of removal from the State to the Federal Courts, which is claimed by the railroad companies and demed by the State. This Court holds: (1.) That these are suits of a civil nature: (2.) that they are suits arising under the laws of the United States, and (3.) that they are properly removable to the Federal Court under the act of March 3, 1875. The order to remand to the State Court is in each case reversed and the United States Circuit Court is directed to entertain the cases as properly removed from the State Court and proceed therewith accordingly. Opinion by Chief-Justice Waite. A decision was also rendered by the Court to-day in the National Bank Stock case of Henry J. Anderson, receiver of the First National Bank of Allentown, Penn., agt. the Philadelphia Warehouse Company. In error to the Circuit Court of the United States for the Eastern District of Pennsylvania. The question presented by this case is whether a corporation which has taken National Bank stock as collateral security for a loan has a right nominally to transfer the certificate of that stock to an irre sponsible person in its employ and have the certificate registered in the name of such irresponsible person, in order to escape the liability which would attach to such corporation, as a stockholder of the bank, in case of the bank's failure and insolvency. The Court holds that the nominal transfer here brought in question was made in good faith, when the bank was in good credit and paying large dividends, and years before its fathure or even its embarrassment. So far as the company was concerned the transfer was not made to escape an impending calamity, but to avoid incurring a liability which It was unwilling to assume, and which it was at perfect liberty to shun. The judgment of the Circuit Court is affirmed. Opinion by Chief-Justice Waite. Justice Miller read a dissenting opinion, in which he said that if in any case between private persons, one of them had placed property in the hands of minors, servants, or other esponsible persons, for the purpose of escaping the responsibility attaching to the ownership of such property, while securing all the advantages of such own. ership, it would be held to be a transaction which could not be supported on any legal or equitable principle. The transfer in the present case, if not an actual fraud, was a frand upon the banking law, and was so intended to.be, by both the original holders of the bank shares and the officers of the Warehouse Company. Justice Matthews joined in Justice Miller's dissent. Other eases decided to-day were as follows: No. 293-The Mansfield, Coldwater and Lake Michigan Railway Company and others, plaintiff to error, agt. John Swan and others, etc. In error to the Circuit Court of the United States for the Northern District of Ohio. Judgment reversed with costs against the plaintiff in error and cause remanded with directions to render a judgment against them for costs in that court, and to remand the cause to the Court of Pleas or Fulton County, Ohio. Opinion by Mr. Justice Matthews. No. 313-MyΓa Clark Gaines. appeilant, agt. Charles Miller, administrator, etc. Appeal from the Circuit Court of the United States for the Eastern District of Missouri. Decree affirmed with costs. Opinion by Mr. Justice Woods. No. 587-Alfred Slidell and others, appellants, agt. George H. Grandfean, United States Deputy Surveyor: No. 588, Alfred Slidell and others, appellants agt. James G. Richardson, register, etc.; No. 916, Alfred Slidell and others, appellants, agt. Thomas J. Ember, and others; and No. 917, Alfred Stidell and others, plaintiff in error, agt. Charles Tschirn. Appeals from and in error to the Circuit Court of the United States for the Eastern District of Louisiana. Mr. Justice Field stated that the opinion of the court in these cases delivered on March 3 had been modified so as to hold that the grant under which the plaintiffs claim extends 40 arpents in the rear beyond the grant immediately on the river. No. Corn Exchange National Bank, plaintiff in error, agt. Emile Scheppers and others, etc. In error to the Circuit Court of the United States for the Eastern District of Pennsylvania, Judgment reversed with costs and cause remanded with directions to award a new trial. Opinion by Mr. Justice Miller. No. 1,245-John B. Alley, appellant, agt. Eliphalet Nott. Appeal from the Circuit Court of the United States for the Southern District of New-York. Decree affirmed with costs. Opinion by Mr. Chief Justice Walte. No. 1,221-The Texas Pacific Rafl ay Company, plaintiff in error, agt. Laura Kirk. Motion to amend granted. Motion to affirm or dismiss denied. Opinion by Mr. Chief Justice Waite. No. 1.262-The Texas Pacific Railway Company, plaintill In error, agt. James Murphy. Motions to dismiss or affirm or to vacate supersedeas denied. Optnion by Mr Chref Justice Waite. The other business transacted to-day was as follows: No. 236- JohnG. Killian. et al, trustees, etc., appellants, age J W Ebbinghaus, Trustee, etc. Motion toreform decree and mand argued. No 1,100-Jose Aurrecoechea plaintiff in error. agt. Amos S. Bange. Motion to vacate judgment and submission of case argued No. I 269-The St. Paul M & M. Ry Co plaintiff in errer, age. David Burton. Submitted under 32d rule for defend ant in error. t No. 1,087 George Friend. et. al., plaintifs in errOF. agt. Tully R. Wise. Motion todismiss or aftirm submitted, No. 1.048- he Bradstreet Company. plaintiff in error, agt

19. April 22, 1884 Seattle Daily Post-Intelligencer Seattle, WA
Article from Seattle Daily Post-Intelligencer, April 22, 1884

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WASHINGTON. No More Evidence in the Belville and Coptab Cases. WASHINGTON, April 21.-The Senate Committee on Privileges and Elections has decided not to call any more wit nesses in the Belville and Copiah cases. and to lay the evidence before the Issue of Silver Dollars. The issue of standard silver dollars for the week ending April 19th was $254,988 ; for the corresponding period last year. $109,499. The House WILL Not Concur In the .orddy pip 01 priation Bills At a meeting of the House Committee Red no dall WAS instructed to report back the naval appropriation bill with the recom mendation that the House non-concur with the Senate amendment to increase 000'009$ ueq: 02001 *41 ui 0818 SEAL structed to report back the post office appropriation bill with the recommend ation that the House non-concur in the 941 TO shout eq: 1 *000'009 Continuance Asked For When the case of ex Senator Kellogg WAS called for trial in the Criminal Court this morning. Attorney General Brewster asked for a continuance until Monther ut mou V searer peginzis on 01 quesent 99 0114M espuf 'OB op 04 B -son] no 101 0880 eq: 108 deq: day next. 403 "11"M The bill introduced by Representative Henley to encourage education in the 11" 1197 puv 8011/18 941 ni paysignd several States and Territories, in any language whatsoever, shall be carried 4114 a on 1 designed joselj in the limits of the United States. Amendments to Thurman's staking PV pund The House Committee on Pacific considera penumos Aupos tion of the proposed amendments to Thurman's sinking fund not. The com mittee agreed to report amendments bringing within the provisions of the 01 speor em 01 поцтрри ut you cluded, the Kansas Pacific. the Sionx City and Pacifle, and the central branch equ esnue 01 puu Think 991 30 percentage of the net earnings of all 01 punj eq: 0101 OD 04 reads our Goode our queo god 1/128 07 96 more 99 tar, of the Treasury. in the third 111) equal 01 permodme 81 issued us punj our 10 -moo posipisque AUG 30 spuoq panies that are in Government securi ties. The Soldiers' Homes. The House Committee on Military Affairs instructed Repr sentative Rose 0891 pmot em Invoice report 04 SUBJO Intion providing for the appointment of William B. Franklin of Connecticut, John C. Block of Illinois and Thomas A ons 119 01 MAIL JO epsH M in the Board of Managers of the National Soldiers' Home. On motion of Murray, Chairman Rosecrans WAS instructed to say that before the present Board of Managers complaints had been made by prominent men of Day ton, Ohio, against Governor Patrick, of the Soldiers' Home at Dayton. If the Board does not deem the complaints against him sufficient to justify his 10 -tig uv *** 111M commition eq: TEAM vestigation into the management of the Dayton Home by the House. National Bank Decision. A decision WAS rendered by the court in the National Bank stock case of Hv. J. Anderson, receiver of the First National Bank of Allentown, Pa., against the Philadelphia Warehouse Company. 81 0810 sign 19 eq whether a corporation which bas taken National Bank stock AN collateral security form loan. has right to nominally transfer the certificate of that stock to an rresponsible person in its employ, ut cortificate our every puu the name of such irresponsible person,

20. April 22, 1884 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, April 22, 1884

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The issue of standard silver dollars for the week which ended April 19, was $254,988. For the corresponding period last year $109,499. # FREE NEWSPAPER POSTAGE. The bill introduced by Representative Henley, to encourage education in the statas and territories provides that all newspapers hereafter published in the several states and territories, in any language what-so-ever, shall be carried free of postage through the mails within the timits of the United States and Territories. # NON-CONCURRENCE. At a meeting of the house committee on appropriations Representative Randall was instructed to report back the naval appropriation bill with a recommendation that the house non-concur with the senate amendments. The amendments increased the appropriation over $600,000. Representative Townshend was also instructed to report back the postoffice appropriation bill with a recommendation that the house non concur in the senate amendments. The amendments increased the appropriation about $3,500,000. # SOLDIERS' HOMES. The house committee on military, instructed Representative Rosecrans to report favorably a joint resolution for the appointment of William B. Franklin, Conneticut; John C. Black, Illinois, and Thomas. W. Hyde, Maine, to fill vacancies in the board of managers of the national soldiers' house. On motion of Mr. Morrison, chairman, Mr. Rosecrans was instructed to lay before the present board of managers, complaints made by prominent men in Dayton, Ohio, against Governor Patrick, of the soldiers' home at Dayton. If the board does not deem its complaints against him sufficient to justify his removal, the committee will ask an investigation of the management of the Dayton home by the home. # THE PACIFIC RAILROADS. The house committee on Pacific railroads to-day continued consideration of the proposed amendment to the Thurman sinking fund act. The committee agreed to report amendments to bring within the provisions of the act in addition those roads already Included, the Kansas Pacific, Sioux City & Pacific, and the central branch of the Union Pacific roads, and to increase the net per cent. of earnings of all roads that are to go into sinking funding from 25 to 37½ per cent. The secretary of the treasury in the third amendment, is empowered to make an investment of the sinking fund on the first mortgage in any of the subsidized companies or in government securities. # BANK STOCK DECISION. A decision also rendered by the court to-day, in the National bank stock case of Henry Jas. Anderson, receiver of the First National bank of Allentown, Pa., against the Philadelphia Warehouse company. The question presented by the case is, whether a corporation, which has taken National bank stock as a collateral security for a loan, has the right to nominally transfer the certificate of that stock to an irresponsible person in its employ, and have the certificate registered in liability which would attach to such corporation as a stockholder of the bank in case of the bank's failure and insolvency, the court holds, the nominal transfer here brought in question was made in good faith, when the bank was in good credit and paying large dividends, and years before its failure, or even its embarrassment. So far as the company is concerned the transfer was not made to escape pending calamity, but to avoid incurring liability which it was unwilling to assume, and at perfect liberty to shun. The judgment of the circuit court is affirmed. Opinion by Chief Justice Waite. Justice Miller read a dissenting opinion, in which he said, if, in any case between private persons, one of them had placed property in the hands of minors, servants or other irresponsible persons, for the purpose of escaping the responsibility attaching to the ownership of such property, while securing all the advantages of such ownership, it would be held to be a transaction which could not be supported on any legal or equitable principle. The transfer in the present case, if not actual fraud, was fraud upon the banking law, and was so intended to be, by both the original holders of the bank shares and the officers of the warehouse company. Justice Mathews joined in Justice Miller's dissent. # WATER WAYS IMPROVEMENT DECISION. The court also decided the case of John T. Blair, plaintiff, in error vs. the county of Cuming in error, circuit court of the United States, district of Nebraska. This was a suit upon coupons of a series of bonds amounting in the aggregate to $30,000 issued by Cuming county, Nebraska, in behalf of West Point precinct in that county for the purpose of improving the water power of the Elkhorn river. The county now refuses payment on the ground that the bonds in question are not its obligations, but the obligation of West Point precinct. The court holds that, "bonds issued by the county commissioners of the county in behalf of a precinct of that county, to aid a company in improving the water pawer of a river, for the purpose of propelling public grist mills, are issued to aid in constructing work of internal improvement within the meaning of the act of Nebraska, February 15, 1869, as amended by the act of March 3, 1870, and that the suit on the coupons of such bonds is properly brought against this county." The judgment is reversed with costs, and the cause remanded, with a direction to overrule the demurrer to the petition and to take such further proceedings in the cause as may be required by law, and as shall not be inconsistent with the opinion of this court. # THE PATENT LAWS. The senate and house bills, relating to the practice in patent suits, both of which were upon the senate calendar, and which has long been a "special order" awaiting its turn after the bankruptcy bill for consideration, have been, upon motion of Senator Mcl'herson, recommitted, no objection having been made by the members of the committee on patents. This action is based upon numerously signed petitions, embracing hundreds of names of prominent inventors, manufacturers, merchants, bankers and others, who ask that they be afforded an opportunity to appear and point out what they consider the mischievous features of the bill. A widespread sentiment in op-sition to ti

21. April 25, 1884 The Corvallis Gazette Corvallis, OR
Article from The Corvallis Gazette, April 25, 1884

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Important Decisions. WASHINGTON, April 21.-A decision was rendered in the supreme court to-day in an important railroad case, entitled T. L. Ames etal., board of directors of the Union Pacific Railroad Company, plaintiffs in error, against the state of Kansas, ex rel. T. A. Johnson, attorney-general; and the attorney of the Kansas Pacific Railroad Company, plaintiff in error, against the same in error, in the circuit court of the United States. district of Kansas. These were suits brought by the state of Kansas, in her own courts, against the Union Pacific and the Kansas Pacific Railroad Companies, to defeat consolidation of those corporations which was effected by an agreement entered into the 24th of January, 1880. The order to remand to the state court is in each case reversed, and the United States circuit court is directed to entertain the cases as properly removed from the state court, and proceed therewith accordingly. A decision was rendered by the court tolay, in the National bank stock case of Henry J. Auderson, receiver of the First National bank of Allentown, Pennsylvania, against the Philadelphia Warehouse Company. The question presented by this case is whether a corporation which has taken national bank stock as collateral security for a loan has the right to nominally transfer a certificate of that stock to an irresponsible/person in its employ, and have the certificate registered in the name of such irresponsible person, in order to escape the liability which would attach to such corporation as a stockholder, in case of the bank's failure and insolvency. The court holds that the nominal transfer here brought in question was made in good faith, when the bank was in good [credit and paying large dividends, and years before its failure, or even its embarrassment. As far as the company was concerned, the transfer was' not made to escape an immending calamity, but to avoid incurring a liability which it was willing to assume, and which it had perfect liberty to shun. Judgment of the circuit court is affirmed. The Greely Relief Expedition WASHINGTON, April 20.-The relief steamer Bear, which is to be the advance ship of the Greely relief expedition, is now ready for sea, and will probably sail from New York Wednesday or Thursday next. The coal ship Ybarra arrived at New York yesterday from Cardiff, ) with coal for the vessels of the expedition, and is now discharging her cargo. The supply ship Alert is expected to arrive at New York in a day or two. Lieutenant W. H. Emery, commander of the Bear, was here yesterday and and had a long conference with the secretary of thenavy in relation to the expedition. Captain Schley will probably remain in New York until after the sailing of the Bear. It is expected that secretary Chandler and other prominent officials will go to New York to witness the departure of the pioneer vessel of the expedition, and to wish the officers and men God speed.