18537. Butler Savings Bank (Butler, PA)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
February 23, 1885
Location
Butler, Pennsylvania (40.861, -79.895)

Metadata

Model
gpt-5-mini
Short Digest
c0d46179

Response Measures

Accommodated withdrawals

Description

Multiple contemporaneous newspaper accounts (Feb 23-28, 1885) report Edward (E.) Vogely, bookkeeper, defaulted after speculating away $40,000–$60,000; discovery triggered a depositor run. Officials repeatedly stated the bank was 'solid' and able to meet demands. No suspension, receivership, or reopening/closure reported in these articles. OCR variants of the bookkeeper's name (EEWARD) corrected to Edward Vogely.

Events (1)

1. February 23, 1885 Run
Cause
Bank Specific Adverse Info
Cause Details
Discovery that bookkeeper Edward Vogely had embezzled/defalcated between $40,000 and $60,000 by speculating in oil and then disappeared, which precipitated withdrawals.
Measures
Bank officials publicly reassured depositors that the bank was solid and able to meet demands; liquidity to be available next morning (no suspension invoked).
Newspaper Excerpt
A run on the bank commenced Saturday. The bank is solid, and in the morning will be able to meet all demands.
Source
newspapers

Newspaper Articles (4)

Article from The Indianapolis Journal, February 24, 1885

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Article Text

Gone with $60,000 of Other People's Money. BUTLER, Pa., Feb. 23.-Edward - Vogely, bookkeeper of the Butler Savings Bank, has defaulted and is missing. His shortage is not definitely known, but is reported any where from $40,000 to $60,000. Speculation in oil, through a New York broker, absorbed the missing funds, which Vogely obtained by deceiving the cashier with false book entries. The defalcation was discovered on Friday and Vogely confessed, promising to assist in straightening the books on Sunday, but meantime he disappeared, and it is supposed he started for Canada. Vogely was regarded as a model young man; he was a member of the Presbyterian Church and a teacher in the Sunday-school. His crime is a hard blow to his aged father, who, being on his bond for $10,000, will be ruined financially. A run on the bank commenced Saturday. To-day being a legal holiday, a large number of the people were disappointed in not getting their money. The bank is solid, and in the morning will be able to meet all demands.


Article from The Democratic Advocate, February 28, 1885

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Article Text

News of the Week. P.A.&W.V. Ahl, of Carlisle, Pa., made an assignment on Tuesday. The heaviest snow of the season fell on Tuesday at Dayton, Ohio. It is estimated that the number of men in the skilled trades now unemployed in Cincinnati is 16,700. Twenty-five car loads of fireworks for the inauguration festivities on the night of March 4th have arrived in Washington. The venerable W. W. Corcoran is confined to his bed with a cold contracted at the dedi cation of the Washington monument. Frederick Becker, treasurer of Chippewa county, Wisconsin, has been missing for over a week, and his accounts are about $10,000 short. A telegram from Lewisburg, Penna., says that about fifty "Omish people" left there or Tuesday for Lyons, Kansas, where they intend to settle. The California Assembly on Tuesday unanimously passed a resolution requesting Con gress to pass the bill to place General Grant on the retired list. Annie Sullivan, wife of the pugilist John L. Sullivan, of Boston, has sued for divorce on the grounds of "cruel and abusive treat ment and gross and confirmed habits of intox ication. Great apprehension is felt in Pittsburg for the safety of about $1,500,000 worth of coal and coke lying along the Monongahela, which will be endangered by a sudden breaking up of the ice. President Arthur, it is stated, will remain in Washington for several days after March 4th, as the guest of Secretary Frelinghuysen. He will then take possession of his residence in New York City. While the closing hymn was being sung in Plymouth Church, Brooklyn, Sunday morning Mrs. Henry Ward Beecher was taken sick while sitting in her pew, and was taken home in carriage. The attack is slight paralysis of the muscles of the throat, with which she has been afflicted before. Michael Murray, Charles Cassidy, Anthony Gerhardt and William Livenbroe, all boys, belonging to a gang of burglars, organized for "safe-blowing, were arrested in Cleveland. Ohio, on Sunday, and have been sent to the workhouse. Three others, whose names are not given, have also been captured. Miss Mary M. Fletcher, a wellknown lady, died on Tuesday in Burlington, Vermont, after a short illness, of congestion of the lungs. She was founder of the Fletcher Free Library and of the Mary Fletcher Hospital, "the latter being the largest benefaction ever given the public by a single individual in Vermont. The Robesonia Furnace plant, in Berks county, Penna., has been sold to William R. White and Mrs. Henry Borie, both of Philadelphia, for $870,000. This is believed to be the largest sum ever paid in Pennsylvania for a similar property. The furnace has the exclusive right to take "as much ore as it can use forever' from the Cornwall hills. Edward Vogely, bookkeeper of the Butler Savings Bank, at Butler, Pennsylvania, disappeared Sunday, after having sunk more than $40,000 of the bank money in stock speculations. Vogely was a Sunday school teach er, and considered model young man. It is said the bank, upon which a run has commenced, will be able to meet all demands. Silas E. Griffis, sheriff of Pottawatomie county, Kansas, disappeared Monday, with the proceeds of a sale of $20,000 worth of corn and cattle. He gave a check for the amount due each creditor on the commission firm in Kansas City to whom he represented he would ship. The cattle were sold by another firm and he is gone. General Hatch left Wichita, Kansas, Monday to be ready for a new invasion of Oklahoma, which is fixed for March 5th. The Camp Russell troops have returned to Fort Reno, in the Indian Territory, Indian hostilities being threatened. The Indians, excited by the recent raid of the Oklahoma "boomers, have recently been firing occasional shots into the fort. While a large, partly hollow, tree was being made into firewood near Galion, Ohio, on Saturday, the sawyers were horrified to find that they they had cut off the head from a man's body. A search revealed in the hollow of the log the body of the man, $800 in money, and a lot of burglar's tools. It supposed that the man got into the tree to hide, and, being unable to get out, starved to death. At a meeting on Tuesday of the General Ministerial Association of Portland, Oregon, composed of all the Evangelical Ministers of that city and East Portland, the following resolution was adopted: Resolved, That we, as an Association of Ministers, do hereby agree that we will refuse to marry any persons who have been divorced for other than Scriptural reasons, and also the guilty party in a rightful case." A very remarkable meteor passed over Victoria, British Columbia, at nine 0 clock Monday morning. An Associated Press despatch says: "It was of enormous size and appeared like a mass of molten iron. The noise caused by its passage was like that of escaping steam. Smoke and flames were thrown off by the meteor. It was seen to descend into the sea, a cloud of spray and steam marking the spot. General Horace Capron, ex Commissioner of Agriculture, died in Washington on Sunday night, at the age of about 75 years. He caught a violent cold at the dedication of the Washington monument on Saturday. Gen. Capron was native of Maryland. He was appointed Commissioner of Agriculture by President Lineola and served until 1871, when he resigned to accept a similar position in Japan, where he resided four years. A telegram from Wheeling reports that for some time past great distress, caused by the ruin of the crops by last summer's drought and the unusual severity of the present winter, has prevailed in portions of the counties of Lewis, Braxton, Calhoun and Gilmer, in West Virginia. Whole neighborhoods of people are actually famished for want of proper food, and large amount of stock of all kinds have died. The Legislature Monday took measures to relieve the sufferers. Henry Jones, a farmer near Waynesboro, Ga., plants a crop of ground peas every year. This attracts a large number of crows, result ing in great damage. Informing himself of the use of dynamite, Mr. Jones secured a small quantity, picked it into a lot of peas, an scattered them around for the crows on Tuesday. They came and took the bait. One rose several hundred feet in the air when the dynamite exploded. Since then not a crow has been seen on the place. James F. Adams, of Coble. and John Drum beller, of Catawissa, were on Monday arrested at Sunbury, Pa., on the charge of counterfeiting. E. D. Yardy, of Shamokin, said to belong to the same gang, was also arrested at that place, but, being seized with nervous prostration, was allowed to remain at his house under guard. Counterfeit five and ten dollar gold pieces were found on Adams and a quantity of counterfeiters' tools were found at the prisoners' houses. Dr. Cyrus Edson on Tuesday reported to the New York Board of Health a case of arsenical poisoning by wall paper in the house of Jay Dowd, 178 Lexington avenue. The paper had gray and red flowers on gilt ground. Mr. and Mrs. Dowd, who slept in the room, developed catarrh, pharyngitis, migraine, con junctivitis, cold extremities, muscular pains and sore joints and swelling of the salivary glands. seamstress, who worked in the room displayed similar symptoms. In wet weather all the symptoms were aggravated. The paper cost thirty-five cents roll.


Article from Mineral Point Tribune, March 5, 1885

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Article Text

tempted to invade the place, and received the bullet in his chest. EEWARD VOGELY, church menaber, Sunday school teacher, and bookkeeper of the Butler [Pa.] ,Savings Bank, has decamped, leaving a shortage of $50,000, which ke lost in oil. A run on the bank has begun, but the officials claim to be able to meet it.


Article from The Kimball Graphic, March 6, 1885

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Article Text

Otto Sandmeyer, a printer, employed by Kernat Bros. Milwaukee was arrested for bigamy. Duke Leopold of Tertonia has been married to Princess Letitia, daughter of Prince Napoleon. The Oregon legislature broke up in a row, all the Democrats departing for home and leaving the Republicans to fight it out The Sheriff of Exeter, London, made three attempts to hang John Lee, and then gave up in disgust. The man fainted, but 8 alive. Every English lord chancellor gets a pension of $25,000 a year, and sometimes there have been as many as five in receipt of such pensions. Lord Cairns is now the only one Edward Vogely, book-keeper of the Butler, (Pa.,) Savings bank, has defaulted and is missing. The shortage is not definitely known, but is reported anywhere from $40,000 to $60,000. The only two charges pending against Frank James in the circuit court of Missouri were dis. missed, and he is a free man. The matter was kept very quiet, and even now it is not generally known. Maj. Cramsie, Indian agent of Fort Totten, Dak., is in Washington to obtain permission to expend an unused portion of the $10,000 appropriated to build a school for Indians at his agency in enlarging the building. Postoffices Established-Nebraska: Violet, Pawnee county. Postoffices Discontinued-Dakota: Fairchild, Walsh county; mail to Perry. Postmasters Commissioned-Del Thompson, Easton (late Runnelsburg, Neb.); L H. Woods, Violet, Neb. Gen. Washburn has succeeded in providing for the Minneapolis public building in the sundry civil bill. An appropriation of $110,000 is asked for the work to be done next year. and the limit of cost for the whole structure is placed at $500,000. Fire broke out in a block in Eau Clarie in aL apartment occupied by Mrs. Stephens as a restaurant The occupants of the other apartments were C. Wallen, sewing machines and musical instruments. Stephens' loss is $1,800. G. F. Danlan, jeweler. loses $1,200. Annio, the seventeen-year-old daughter of the Canadian ex-Lilinister of the interior Mills, and a school teacher named Walt eloped and have been married in Detroit, Mich. Walt was a teacher and boarded with the family. Her brother followed them, but arrived after the ceremony was performed A fire occurred the 21st inst., in the business part of Huron, Dakota The Rink opera house, Kern's yeast manufactory, a two-story building, and Fosnaugh. & Treadway's livery barne were burned to the ground, and C. D. Houghton & Son's warehouse was partially, burned. Many goods were damaged Sharon's counsel has notified Miss Hill's at torney that the court would be requested Feb. 27 to annul the award of alimony and counsel fees granted plaintiff, on the ground that the court signed findings which inadvertently decided that no marriage valid under the laws of California ever existed between the plaintiff and defendant. The trial at Chicago of Joseph C. Mackin, William J. Gallagher, Arthur Gleason Fand Henry Biehl on the charge of conspiracy to affect the result of the election of congressman in the Fourth Illinois district at the presidential election last November and resulted in the conviction of Mackin, Gallagher and Gleason and the acquittal of Biehl. Mr. Foran's house bill to:prohabit the impox tation of foreign contract labor, amended and passed last week by the senate, was taken from the table in the house, and the amendmenta were concurred in The bill now only awaits the signature of the president to become law. This bill has at all stages receivedgeneral support from the, members of both parties, being in the interest of the working people of the country. Ten indictments against what was frequently to: mod the old Custer county, Montana, ring were quashed in the district court before Judge Coburn. at Miles City. Dr. W. A. Burleighap peared for the defendants and Judge Blake for the people. These quashed indictments include all against J. B. Hubbel and Charles G. Cox. and part of those against Steve Taylor, W. W. Carland and H. H. Gerelish and leaving but one indictment, the charge of embezzlement, against Taylor, ex-county clerk