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National Bank in Trouble. PITTSBURGH, July 18.-A special from Butler, Pa., to the Commercial Gazette says that the First National bank of Butler was closed by Bank Examiner Young, who reports that the funds, capital and reserve, are impaired The bank will go into the hands of a receiver.
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Bank Failure. PITTSBURGH, Julv 18.-A special from Butler, Pa., to the Commercial-Gazette says thot the First National bank, of Butler, was closed to-day by BankExaminer Young, who reports that he finds the capital stock and reserve fund impaired. The bank will go into the hands of 2 receiver.
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General News. John H. Watson, Jr., died in Newport, R. I., yesterday, of lockjaw, caused by a nail piercing his foot. An illicit distillery, having a capacity of about 90 gallons daily, was seized yesterday in New Orleans. Moses Nye was dangerously injured by the premature explosion of a blast in a quarry at Wernereville, Pa., yesterday af Lernoon. A twelvé-year-old "cracker" boy was killed by failing 100 feet down the Sloan Shaft of the Delaware and Lackawanna Company, at Scranton yesterday. An unknown man and boy, while walking on the New York and New England Railroad bridge, at South Boston,yesterday, were struck by a train and killed. The First National Bank of Butler, Pa., was closed yesterday, by Examiner Young, its capital stock and reserve being impaired. It will be placed in charge of a receiver. Marcellus Floyd, colored, charged with attempting to feloniously assault a white girl, was taken from the jail at Richmond, Tenn., yesterday morning, by an arined mob and lynched. Four boys filled a tube with powder and exploded it, at Elkland, Pa., yesterday afternoon. One of them, Frank Whittaker, aged about 13 years, was fatally injured and died last night. A swimming match, between Butler, of Philade phia, and Blondell, of Baltimore, took place at Beer Creek, near the latter city yesterday. It was won easily by Butler,. The distance was two miles the stakes $300. Ex-Sepator Ramsey, of Minnesota. has accepted the office of Secretary of War, to succeed McCrary, when the latter shall retire to succeed Judge Dillon, as Justice of the Eighth Judicial Circuit of the United States. Five new cases of yellow fever and death were reported in Memphis yesterday, making the number of cases to date sixteen, and of deaths, seven. Business in Memphis is almost at an end, and two banks closed yesterday. People are leaving the city in crowdson every train. A quarantine against New Orleans, to commence on the 21st instant, has been e ordered by the authorities of Galveston. The reas ns are that New Orleans is believed to contain the germs of yellow f fever, which are liable to be developed at any time, and that she has raised her quarantine against Memphis.
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FINANCIAL. Epecial Disputch to The Tribune. FORT WATNE, Ind., July 18.-Ferdinand Fleigner, furniture-dealer, has made an assignment. Liabilities, $0,000; assets, $4,000. PITTEBURG, July 18.-A special from Butler, Pa., to the Commercial-Guzelte says that the First National Bank of Butler was closed to-day by Bank-Examiner Y oung, who reports that he Bude the capital and reserve impaired. The bank will go into the hands of a Receiver.
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A BUTLER NATIONAL BANK IN TROUBLE. Unfortunate Showing for the Past Year Arrest of Couple of Alleghany Bank Officials-Troubles of Naughty Little Variety Actress. Banking Troubles. PITTSBURGH, July 19.- The First Na tional Bank of Butler has been closed by order of the Comptroller of the Curren- hands and its affairs are now in the of Examiner Hugh Young. The impaired, gentleman says the capital stock is reserve fund deficient, and its liabilities, the other than circulation, capital had and surplus fund, about $120,000. It in well-known that the bank was been trouble, but it was thought it some would have no difficulty in pulling bethrough Some of the stockholders dissatisfied with the manage- Washment, came however, and wrote to was the Examiner ington, and looking at once sent there, who, after posession. into Board matters, of Directors at once of took the bank are W The H H Riddle, Presio dent landless, Alex Cashier Charles McC Charles Mitchell Duffy Thomas correspondents Stehley and in Louis Stein. were Their the Farmers' Deposit, this city National banks, but German and Fifth either of these nothing was known condition at of affairs. has its the actual frequent borrow and kept The been checked down pretty low. show accounts of the bank published unfavorable statements histo for the past year. rather The capital was originally $90,000. reduced but been has last at its statement. $50,000 steps Comptrolle to annual eports surplus show The fall the bank had and of $19,600, that last deposits of $223,000, The of $188,000. discounts loans which given last these bills figures, with the receivable noticeable redis- addition $10,000 in bills payable. Butler, There great deal of and excitement some of the stockholders are claiming that the but bank has not been honestly mar naged, public nothing been made any would that warrant has David McFerron charge Burk before Alderman H. and R. James Riddle and they Riddle a hearfor each trial $3,000 ing, and entered into bail in the George sum R. the of Franklin President Riddle and City, Allegheny Bank, Savings H. Riddle James the the failure after Allegheny Shortly there three Bank, Savings the Savings short being the Directors, and Bank the it found funds of made They doors claimed their the the that the the interests further bank They threatened private but them both criminally, delaved because the them and negotiations in the transbank. resulting, the but not bank, to property for the sufficient Shortly all voluntary the bank after the filed, the was bankruptcy petition in being an individual liability institution and some of the stockholders concern, money together andsuccee out their off all the depositors, dollar Alpaying before for dollar The information by Mr. Mc derman Burke is made of the Board of Di ron by instruction R. Ridrectors. Tt charges that George member of the the President, was and that dle, Riddle Co., menfirm firm James H. Riddle, cashiet of Franz was a Co.; ber of the they brick were int rusted with the that while of the bank. they both firms ired to embezzle them, ithout the ing of stockho the consent the kno the bank that they minutes did not of enter the that and but them; Board. in purlarge overdrafts The Riddles belong highest sociable people. An Unfaithful Wife. La Blanche The little variety that allurring face and prison figure behind vulgar, practical, bars. gross pretty she through not dissimilar weeks ago escaped the meshes the her brief strut her occasion that on the lyne stage. of Mack, Cincin Thomas husband but her, pursued Cleveland, failed or in having the proper stated that then or H force in diverting the girl from her forced folly. She into marriage with Mack less she and her. had the deserted that riety that her that she wrote do as she with live never would this After and he met in New Orlear W who marrie her and since, with Irish characters in variety the Yesterday Mack arrive Al and this morning he went before charge preferred Mrs Millikin Harrison cation against with whom against an and Mrs Mack had been the latte left the After had Mack of New health with leans, There and Blanc Mrs morning, reporter which ried larrison bigamy lets her out on harge Mac of butsbe still maintains that thought the her and she with supporte justified in consoling herself player. At last she was Irish character in the Alderman office alon to come ing some kind from soul in pru wh rescue $800 bail, and Mach entering man of forty five years decent looking and keeps hotel age apparently Jeveland asserts he to punish his young his wife, determined lurking behind but there was slight softness, ment detect by the reporters easy matters
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The First National Bank of Butler, Pa., Closes its Doors. PITTSBURGH, July 18.-A special from Butler to the Pittsburgh Commercial Gazette says the First National Bank of Butler was closed by Bank Examiner Young, who reports that he finds the capital stock and reserve fund impaired. The bank will go into the hands of a receiver.
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NO. 30. There were taken from Erie to New York, on Saturday over the Lake Shore and Michigan railroad, 22,000 pounds of butter. There is 80 much danger of a water famine in Pittsburg that the police have been ordered to report all persons found wasting it. The Deputy Mayor of Pittsburg, who holds forth at Lawrenceville, a suburb of the first named place, when disagreeing wives and husbands are brought before him locks them up in a room, and gen. erally finds that when they are released a reconciliation has been effected. The First National Bank of Butler has been compelled by the United States Bank Examiner to go into liquidation. The Erie Herald says it is understood that Ex Chief Justice Charles McCandless will lose $60,000 by it. It has almost caused a panic among the farming people of Butler county. The New Hampshire House of Rep. resentatives has passed a bill regulating railway passenger and freight tariffs. It gives to the Railway Commissioners the right to regulate the tariff of any road in the State, and prohibits any Railway Commissioner from holding office in any railway corporation or from owning the stock or bonds of any railroad. Ex-Governor Thomas Swann, of Mary. land, gave a grand dinner on Saturday night at his Newport cottage in honor of his guest, Ex-Secretary Hamilton Fish. The guests included Mr. and Mrs. Sidney Webster, Mr. and Mrs. John Whipple, General and Mrs. George W. Cullum, of New York: Ex-Governor Lawrence and Dr. and Mrs. W. L. Wheeler, of Newport, and Mrs. Dr. S. Weir Mitchell and Miss Cadwallader, of Philadelphia. For three weeks past the Cumber. land and Pennsylvania railroad has kept an engine standing at a point where the Pennsylvania railroad in Maryland desired crossing their track on the outskirts of Cumberland. At 4 P. m. Friday the engine left temporarily to allow a coal train to pass. As soon as the coal train had passed workmen of the Pennsylvania railroad in Maryland tore up a rail of the Cumberland and Pennsylvania track, preventing the re. turn of the engine, and effected the crossing. Five hundred people were present. The excitement was immense, but no disturbance occurred.
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PITTSBURG, July18-A special from Butler, Penusylvania, to the Commereial Gazette, says that the First National Bank of Butler was closed today by Bank Examiner Young, who reports that he finds the capital and reserve impaired. The bank will go into the hands of a receiver.
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NO. 30. There were taken from Erie to New York, on Saturday over the Lake Shore and Michigan railroad, 22,000 pounds of butter. There is so much danger of a water famine in Pittsburg that the police have been ordered to report all persons found wasting it. The Deputy Mayor of Pittsburg, who holds forth at Lawrenceville, a suburb of the first named place, when disagreeing wives and husbands are brought before him locks them up in a room, and generally finds that when they are released a reconciliation has been effected. The First National Bank of Butler has been compelled by the United States Bank Examiner to go into liquidation. The Erie Herald says it is understood that Ex Chief Justice Charles McCandless will lose $60,000 by it. It has almost caused a panic among the farming people of Butler county. The New Hampshire House of Rep. resentatives has passed a bill regulating railway passenger and freight tariffs. It gives to the Railway Commissioners the right to regulate the tariff of any road in the State, and prohibits any Railway Commissioner from holding office in any railway corporation or from owning the stock or bonds of any railroad. Ex-Governor Thomas Swann, of Mary. land, gave a grand dinner on Saturday night at his Newport cottage in honor of his guest, Ex-Secretary Hamilton Fish. The guests included Mr. and Mrs. Sidney Webster, Mr. and Mrs. John Whipple, General and Mrs. George W. Cullum, of New York: Ex-Governor Lawrence and Dr. and Mrs. W. L. Wheeler, of Newport, and Mrs. Dr. S. Weir Mitchell and Miss Cadwallader, of Philadelphia. For three weeks past the Cumber. land and Pennsylvania railroad has kept an engine standing at a point where the Pennsylvania railroad in Maryland desired crossing their track on the outskirts of Cumberland. At 4 P. m. Friday the engine left temporarily to allow a coal train to pass. As soon as the coal train had passed workmen of the Pennsylvania railroad in Maryland tore up a rail of the Cumberland and Pennsylvania track, preventing the return of the engine, and effected the crossing. Five hundred people were present. The excitement was immense, but no disturbance occurred.
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SUMMARY OF NEWS. Eastern and Middle States. The four-oared boat race at Lake George, between crews representing Columbia, Wesleyan and Cornell Colleges, was won by the first-named. At Seabright, N. J., thirteen frame buildings, consisting of a lumber yard, stores and dwellings mostly occupied by fishermen, were destroyed by fire, entailing a loss of about $30,000, one-half of which is covered by inurance. During a temporary aberration of mind John W. Mansfield, cashier of the Connecticut Savings Bank of New Haven, twice essayed to take his own life, first by placing himself on a railroad track in front of an approaching train, and then by throwing himself into the water; but in both attempts he was frustrated by the bystanders. The result was a run on the bank, which is said to have $4,000,000 of deposits. The roof of a new round-house in course of erection for the Erie Railroad Company near East Buffalo, N. Y., fell in with a terrible crash, killing one man and more or less seri ously injuring eleven others. An explosion at midnight on board the steamer Drew, running on the Hudson between New York and Albany, demolished three state-rooms, filled the main saloon with smoke and brought the passengers out of their births in a state of great excitement. Investigation showed the explosion to have been caused by a box filled with powder, brought on board by a passenger, who was captured and proved to be well-known swindler, often before arrested in various parts of the country for committing acts that sometimes bordered 11 the insane. The ocean steamer Mosel arrived in New York, having on board 336 Russian Mennonites, who camped out on the wharf all night and the next day started for the West. By the premature explosion of a blast in a quarry at Huntington, Pa., Michael Ryan, a sub-contractor, Joseph Roncoroni and A. W. Keith were instantly killed. Considerable excitement and comment has been caused among the Hebrews in and about New York by the public declaration of Mr. Austin Corbin, president of the Manhattan Beach Company, of Coney Island, that he did not want any Israelites to patronize the company's hotel or railroad. The declaration which has created such a stir was written by Mr. Corbin himselt, and is as follows: " We do not like the Jews as a class. There are some well-behaved people among them, but as a rule they make themselves offensive to the kind of people who principally patronize our road and hotel, and I am satisfied we should be better off without than with their custom." Prominent Hebrews of New York vehemently denounce Mr. Corbin's action as unjustified. The First National Bank of Butler, Pa., has failed. The total liabilities are $288,000, and the assets are stated to be sufficient to pay all depositors, and to reimburse about $15,000 on the $50,000 of capital stock. The Pennsylvania Republicans nominated Samuel Butler for State Treasurer at their convention in Harrisburg. The platform adopted declares its " implacable hostility to the repeal of the national laws which protect the purity of the ballot box and secure their elections," denounces the Democratic party and praises the President, is in favor of " the payment of the national debt in coin and of a paper curre NJ redeemable in eoin," etc. Secretary SL Than spoke for two hours at Portland, Me., on the extra session of Congress and the Republican financial policy. Daniel F. Davis, Republican nominee for Governor, Senator-Blaine and Hon. Thomas B. Reed also addressed the meeting. Fully 5,000 persons were present at the closing exercises of the three days' session of the National Temperance Union at Ocean Beach, N.J. The closing address was made by Mrs. Mary C. Lathrop, of Michigan. The New York Republican State Committee has issued a call for the State Convention, to be held at Saratoga September 3. Leon Peter Federmeyer reached New York city with a wheelbarrow which he had trundled from San Francisco, accompanied by James T. Fuller, who acted as referee. The walk was the result of a wager made with Lyman Potter, who arrived in San Francisco last year with a wheelbarrow which he claimed to have trundled across the continent from Albany N.Y. The two men started from San Francisco on their novel tour on December 8, and Federmeyer made the trip to New York in six months and fifteen days, Potter being behind somewhere in Illinois. As Michael Bolender, foreman in a New York candy manufactory, was returning home from work he was pounced upon by Frank Portello, a discharged Italian workman, stabbed twice and instantly killed. Then Portello, with the reeking knite in his hands, walked along the street, defying the officers, who arrested him only after a fierce struggle. Portello's motive was revenge for having been discharged by his victim.
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National Bank-Correction by Mr. W. S. Boyd of Letter of Charles McCandless, Esq. BUTLER, Oct. 10, 1879. Messrs. Editors-My attention has been called to a letter of Charles McCandless published in the Pittsburgh Dispatch, dated Oct. 6, 1879, where my name is used. True there was a drive made on me in February, 1878, and I did make a temporary assignment, and was on paper in the First National Bank, being nearly all endorsements, to about $14,000, and during the year reduced it to about $8,000; and kept still on reducing it, and a short time before the bank failed I lifted every dollar of paper I was on and gave one, with good security, of $2,500; and that was transferred or assigned to the Fifth National Bank of Pittsburgh. So that took up all the paper I was on in any way in the First National Bank of Butler. I had been doing a large business in the bank, as my bank book shows. Now in justice to myself I make the above statement. In June, 1879, my Assignee reassigned my property back to me, all but a few pieces that had been sold. Respectfully yours, WILLIAM S. BOYD. There are but few persons in this community, if any, who will not say Mr. Boyd, the writer of the above, is simply doing justice to himself in making the above publication, It is very natural for him, and any of the others named in the letter of Mr. McCandless to the Pittsburgh Dispatch, to feel aggrieved at the thus dragging of their names before the public, even if the statements made were true. But
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Notice. In pursuance of an order of the Court of Common Pleas of Butler county. obtained under the direction of the Comptroller of the Ourrency, notice is hereby given that on the 10th day of April, 1880, at the hour of 10 o'clock. A. M., I will expose ten (10) shares of the capital stock of the German National Bank of Millerstown to public sale, at or in front of said Bank, in the borough of Millerstown, Butler county, Pa.. subject to an assessment of $45 16 per JOHN N. PURVIANCE, share. Receiver of the Firsi National Bank, Butler. Pa. mar31-2t*
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BANK ROBBERIES IN PENNSYLVANIA. PITTSBURGH, Pa., Sept. 26, 1882. EDITOR DEMOCRAT: 92,000 Parker, Pa., Savings Bank 187,000 First Nat. Bank, Butler, Pa 100,000 Sunbury, Pa., Savings Bank 140,000 East Brady, Pa., Savings Bank 160,000 Freeport, Pa., Savings Bank Washington, Pa., Savings Bank. 175,000 $854,000 Total All the above banks have suspended payment within the past few months, and in a small radius of country, probably not averaging fifty miles from Pittsburgh. They have "gone up," as the boys call it, causing great consternation to the depositors, most of whom are small traders, laboring men and women in the respective vicinities, and all within a very small area of country. The time is ripe for the people to throw overboard the party of high moral ideas the enactment of whose banking laws has created all this consternation. So far we have sat quietly by, hugging the delusive phantom of hope, praying to the powers that be for a good banking law, but relief has not yet come. Henceforward the people will surely vote independently and for that party which promises relief. The time is ripe, strike off the shackles that bind you to the Republican party, whose mission is ended. It is a fixed fact that after a party becomes once thoroughly corrupt that it is unable to purify itself. Resolutions or promises are not worth the paper they are written upon, and legislation is all in favor of anonopolies of one kind or another, and the wealth of our land is surely finding its way into the pockets of a few. Unfurl the banners of true Democracy, embrace the living issue of the times, and let us have legislation protecting the depositors of money, curbing the chartered monopolies who are robbing under charter of the law, and after they do the robbing sit back under mansard roofs, or back in the shade of a brown stone front, and ask: "What are you going to do about it?" I would just as soon have my money taken at the point of Jesse James's pistol, or some other highway robber. (for the law would allow one to follow the robbers and shoot them) as to have it taken sneakingly under a charter, as in the cases enumerated above. d A SMALL DEPOSITOR.