18699. City Bank of Harrisburg (Harrisburg, PA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 7, 1876
Location
Harrisburg, Pennsylvania (40.276, -76.885)

Metadata

Model
gpt-5-mini
Short Digest
5d456492

Response Measures

None

Description

Contemporary reports state the City Bank of Harrisburg suspended payments on 1876-09-07. Subsequent reporting (Jan 1877) describes the institution as failed/insolvent with liabilities ~$350,000 and assets ~ $70,000 and arrests for embezzlement of officers. No article describes a depositor run prior to suspension, so this is classified as a suspension followed by permanent failure/receivership.

Events (2)

1. September 7, 1876 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended and later found insolvent; subsequent reports allege embezzlement by officers and large deficiency (liabilities ~$350,000; assets far less).
Newspaper Excerpt
The City Bank of Harrisburg, Pa., suspended to-day.
Source
newspapers
2. January 4, 1877 Receivership
Newspaper Excerpt
The bank failed with liabilities aggregating $350,000, while the assets will not reach more than $70,000. Samuel S. Bigler ... and his two sons ... have been arrested on charges of conspiracy to defraud, embezzlement, and obtaining money under false pretences.
Source
newspapers

Newspaper Articles (11)

Article from Alexandria Gazette, September 7, 1876

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Telegraphic Summary. The latest from the Turkish war IS that the Servian army is reduced to a mob, and that its Russian officers are leaving it, and that the Turks are advancing ou Belgrade and alsoupon Medue. The Connecticut celebration ou the Centennial grounds, to day, was interrupted by a rain storm. The Molly Magnires lately convicted of murder will be hung Oct. 31. The City Bank of Harrisburg, Pa., suspended to-day.


Article from The Cincinnati Daily Star, September 8, 1876

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FLASHES. William Jones was arrested at Medina for the murder of his wife at Hillsboro, Ohio, on Friday, July 21. The City Bank of Harrisburg, Penn., has suspended. Liabilities, $350,000. The majority of the depositors are laboring men and women. It is announced that Attorney General Tatt will come to Ohio the latter part of this week to take part in the campaign. He will make only one or two speeches. The second trial of the United States against Charles Jost, of San Francisco, for the condemnation of Antioch distillery for defrauding the revenue, began yesterday. A fire in Streetsville, Canada, early on Wednesday morning, burned the Telegraph and Globe Hotel, also two men who had been carousing in the stable and started the fire. The ship Garibaldi, from New York, just arrived at San Francisco, lost four men from alott during the passageFred. Cummings, Thos. Blumlain, Edward Dodds and Patrick Connolly. The movement of the California Grangers to load wheat on farmers' account seems likely to prove a failure. Only one ship has been secured, and is not yet loaded. Freights have advanced. A man named Blanchett and several others have been arrested on suspicion of set fire to at to St. having Hyacinthe, Canada, their obtain premises, the insurance, thereby causing the disastrous conflagration of Sunday last. Ex-Senator Henderson, Colonel Brodand other emto assist head, ployed in special the prosecution counsel of the whisky cases at St. Louis, have been informed by the Attorney General that tire fees allowed them can not be paid on account of the fairare of Congress to make the necessary appropriations. Henderson and Brodhead were allowed $10,000 each. A Congress of inventors connected with the United States Patent Associaat The tion yesterday. was inaugurated object of Philadelphia the meeting is the improvement of the patent system, and the formation of an International Association having reference to a S were 1 0 greater of five the gentlemen world. uniformity There present, among including about the systems twenty- Hon. J. M. Thatcher, Ex-United States Patent Commissioner; Professor Hedrick, of the e U. S. Patent Office; W. C. Dodge, of Washington, and John S. Perry, of Alh bany, New York, the President of the f Association.


Article from Carson Daily Appeal, September 9, 1876

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The City Bank of Harrisburg, Pa., has suspended. Liabilities 8350,000most!y owed to poor people.


Article from The Portland Daily Press, September 15, 1876

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From the Maine State Press of Sept. 14, 1876. History of Seven Days. The News for the week ending Wednesday Night, Sept. 13. POLITICAL. The latest returns from Vermont make Fairbanks' majority 24.685. Lieut. Gov. Proctor's majority will reach 26,000. Every congressional district is Republican by large majorities. The New York Greenback party has issued a call for a state electoral convention at Albany the 26 inst. Massachusetts Women Suffragists held a state convention at Boston Tuesday. The convention endorsed the Prohibitory ticket. The Ohio Greenbacks met in state convent tion Tuesday and resolved to make no nomination inasmuch as the Democratic ticket was made up largely of soft money men. The Connecticut Greenback party has nominated a full state ticket, with Charles A'water of New Haven for governor. The New York Democrats yesterday nominated Lucius B. Robinson for governor in place of Horatio Seymour, who declined. Ben Butler was nominated for Congress yesterday. There are indications that his nomination will result in a serious bolt by the better class of Republicans. CRIMES AND CASUALTIES. There was a serious riot at Charleston, S. C. out of an some upon some whites were last week orats colored Several Republicans growing injured. attack colored Specials by Democlaim that the affair was the result of an at tempt on the part of white Democrats to com pel the speakers at a Hayes and Wheeler meet ing to yield half the time to Democratic orators. fight between Allen and Goss, two came off at noted A prize pagilists, victor. Walter, Ky., last week. Allen was the A band of robb-Is entered a bank at Northfield, Minn., last week, shot the cashier dead because be would not open the safe and then to break into the accounts a party were in At attempted last of vault citizens but of failed pursuit of them but with little chance capturing any. A fire on the Centennial Grounds Saturday consumed the entire lot of buildings on Elm Avenue from the Trans-Continental Hotel to the Ross House, about 20 in all. The New England Hotel on Columbia Avenue was also destroyed. Total logs $18,000. A Hayes and Wheeler meeting in Baltimore Friday night was broken up by Democratic roughs and the speaker, Mr. Irving Ditty, stabbed. Two cases of yellow fever have been reported in New York within the past week. The rice cultivators on the Combache are again on the strike and are rioters. Gov Chamberlain has dispatched a special officer to the scene to take vigorous measures to arrest and imprison the rioters. BRIEF MENTION. Thursday was Connecticut day at the Centennial. The admission to the Centennial on Saturday till its close has been put at twentyfive cents. -The City Bank of Harrisburg has suspended with liabilities at $5,000 and assets enough to cover them.-The town of Methuen. Mass., celebrated its 150th birthday Thursday. The Social Science Convention was beld at Saratoga last week, Papers on "Technical Education," "Township Organization," "Civil Service Reform," "Production of Near in the read. The and testure," "Sanitary Increase were Requirements Sight in first School Schools" instalment Archi- and of the new 41 per cent. bonds was sent to Europe Saturday -Sitting Bull was alive on the 20th of August, and doubtless still lives. Gen. Thomas H. Regor has assumed command of the Department of the South. Gen. Sherman requests that his name be disconnected with any political movement, saying that he has resolved to devote the rest of his life entirely to his profession. The story that a large quantity of arms is to be shipped to South Carolina by the government is denied by the authorities at Washington.- -Tom Allen announces his intention to retire from the The Emma mine bas been 801d and bid in by the Brooklyn for prize Geo. debt L. ring.- Fox, comedian, Trenor is W. in Park. His mind is said to be completely restored. H. T .Sperry, special agent of the post office at Hartford, has been removed. -The Syndicate has advanced the price of the new bonds in New York to 101 in gold. Ex-Gov. Henry A. Wise died Tuesday. FOREIGN. The war between Turkey and her revolted provinces lingers along without change in the gituation. The Servians barely hold their OWD at Alaxinatz. The great powers are trying to a with no success as yet. feeling in on account in compel while against the Turkey peace, popular of Russia the atrocities is strong MeanServia and Bulgaria, and a war between the two countries is among the possibilities. the revolution continues, and is the government soon raise the of In it St. expected Domingo siege Port Platte. troops would A Spanish dispatch announces the arrest of an American criminal pamed Twid Anteline It is surmised in New York that the man is really William M. Tweed, the "boss thief" of that city. Further news is anxiously awaited, The Republic of Columbia is declared in a state of war. The army will be raised to 20,000 men, of which 3000 are from the state of Panama Ex-President Guadia has landed in Cesta Rico and will assume the charge of the governIt is ramored that he will renew a hosare exthat a combined pressed tile ment. attitude against Nicaragua, attack Fears by Salvador and Guatemala against Nicaragua is premedi-


Article from The Jasper Weekly Courier, September 22, 1876

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CURRENT NEWS. EAST. The Connecticut Democratic State Convention, held on the 6th, nominated the following ticket: For Governor, Richard D. Hubbard; Lieutenant-Governor, Francis B. Loomis: Secretary of State, Dwight L. Moore; Treasurer, Edwin A. Buck: Comptroller, Charles C. Hubbbard; Electors at Large, Gov. Charles R. Ingersoil and General William B. Franklin. The Massachusetts Democratic State Convention. held on the 6th, nominated the following ticket: For Governor, Charles Francis Adams; Lieutenant-Governor,Wil lian R. Plunkett: Secretary of State, Edwin H. Lathrop; Treasurer, Weston Howland; Auditor, John E. Fitzgerald: Attorney. General, Richard Olney. Ex-Governor Gaston heads the electoral ticket. Scott Lord, of New York, has been renominated for Congress. The City Bank of Harrisburg, Pa., has suspended. Liabilities, $350,000. which, it is claimed, are fully secured by assets, Eighmey, the murderer of B. F. Web. ster, in Ontario County, N. Y., was hanged at Canandaigua on the 8th. The railway passenger agents, at 3 meeting in New York on the 9th, agreed to a further reduction of 10 per cent. in the prices of Centennial tickets. Moses Y. Tilden, brother of Governor Tilden, died on the 9th. The earliest returns from the election in Maine indicate a Republican majority of from 10,000 to 12,000. The Republican majority for Governor in 1875 was 3,872: in 1874, 11,397, and in 1872, 17,216. Complete returns of the Vermont gubernatorial vote give Fairbanks (Rep.) 44,585, Bingham (Dem.) 21.035, and scattering 23. Fairbank's majority, 23,527. Full returns of the lower House give the Republicans 295: Democrats, 31, and no choice 5. A Democratic loss of 28. The Republican majority for Governor in 1872 was 25,383, and in 1874, 20.325. The Massachusetts Woman Sufrage State Convention met on the 12th and was presided over by Mrs. Mary A. Livermore. A full State ticket was nominated, headed by James I. Baker for Governor. The Connecticut Greenbackers have nominated a State ticket, headed by Charles Atwater for Governor. The boiler of 3 locometive on the Baltimore and Ohio Railroad exploded near Frederick, Maryland, on the 11th, and killed Aug. Schafer, the engineer, and James F. Cook, fireman. Two more deaths from yellow fever occurred [in New York on the 12th. One of the victims was Mr. John Evans, a wealthy business man of Savannah. who leit that city to escape the seourge: the other was a sailor. New York physicians say there is no cause for alarm, as the season is too far advanced. On account of the imminent danger of conflagration. it has been ordered that all the wooden buildings in the immediate vicinity of the Centennial grounds at Philadelphia shall be torn down. The favorable direction of the wind was probably all that saved the Centennial buildings from destruction 3 few days ago, when a number of these inflammablestructures was burned. A delegation of workingmen from Germany arrived on 3 visit to the Centennial Exhibition on the 10th.


Article from The Morning Herald, January 4, 1877

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The Arrest of John A. Bigler. HARRISBURG, PA., Jan. 3.-In October last information was laid at the Mayor's office against John A. Bigler, late Vice President of the City Bank of Harrisburg' which suspended on September 7, last year' charging him with conspiracy, embezzlement, and false pretences. The charges were preferred by several of the depositors. telegram from San Francisco yesterday states that he has been arrested in that city and lodged in jail. Last evening Casper 8., a brother, and Samuel 8., the father, were arrested here on the same charges. A hearing was waived in the latter two cases, and they gave $10,000 bail each to appear at the next term of the Court.


Article from Public Ledger, January 4, 1877

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Bank Officers Arrested for Fraud. NEW York, January 4.-A Harrisburg special to the Herald says that Samuel S. Bigler, late President of the City Bank of Harrisburg, which suspended several months ago, and his two sons, one the ex-Cashier, have been arrested on the charge of conspiracy to defraud by embezzlement, and of obtaining money under false pretenses. The bank faile. with liabilities aggregating $350, 000, while the assets will not reach more than $70,000. Over 1400 persons, most of them of the poorer classes, had deposits in the institution, on which they will probably realize tea or fifteen cents on the dollar.


Article from The Daily Intelligencer, January 5, 1877

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EASTERN STATES. NEW YORK, Jan. 4.-Commodore Venderbilt died at 10:51 o'clock this forenoon. HARRISBURG, Pa., Jan. -Samuel - S. Baxter, late President of the City Bank ofHarrisburg. which suspended several Months ago, together with his two sons, been arrested on charges of conepiracy to defraud, and for obtaining money under false pretenses. The bank failed with liabilities of $350,000, while assets are about $70,000. NEW YORK, Jan. 4,-The Times Washington special says the testimony of Cronin, under cross-examination, has pretty thoroughly disgusted those Dem ocrats who were trying to support his And It appears that of the $3,000 of which he received, all but about $200 were from friends sent from New York The money was his bribe; for while he claims it for expenses, he will not spend much, if any-about $500 in bringing the vote here and returning. and the remainder is clear profit. He was trap ped into the confession, evidently supposing it had become known, and be then put as good a face as possible as the transaction The testimony alether leares no room for doubt that Oregon fraud was organized by York money.


Article from New Orleans Republican, January 5, 1877

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NEW YORK, Death of Vanderbilt. NEW YORK, January -Commodore Vanderbilt died this morning at nine minutes to eleven o'clock. For the last few days Commodore Vanderbilt's physicians have been hourly expeeting his death. He died almost without a struggle. The change for the worst took place in his condition about four o'clock this morning, and be expressed a desire to see Rev. Dr. Deeme, his spiritual adviser. The latter was soon present, and the Commodore said to him: "I think I am nearly gone, doctor." Dr. Deems prayed, and members of the family, who were present, sang a hymn. His physicians were at the dying man's bedside, and did all that medical aid could suggest to make ielast mo ment's peaceful. The funeral will take place Sunday morning. Commodore Vanderbilt was the owner of securities having a present market value of $85,000,000, and of this fully $55,000,000 consisted of stooks and bonds of the New York Central and Hudson River Railroad Companies. It is understood that the bulk of this vast property is to be kept together, and that provision has been made for reinvesting the accruing interest on it in his favorite securities. Failed. Vose, Denismore & Co., dealers in railroad supplies, have made an assignment. Liabilities over $100,000. Another Railroad Accident. A Cincinnati dispatch reports that early yesterday morning a collision occurred between two freight trains on the Marietta and Cincinnati railroad, forty miles east of Cincinnati. The trains were demolished, 200 feet of trestle work burned to the ground, and between 200 and 300 hogs were killed and most of them burned. No loss of human life. Dishonest Bank Officers. A Harrisburg dispatch to the Herald announces that Samuel S. Bigler, late president of the City Bank of Harrisburg, which suspended several months ago, and his two BODS, one the ex-cashier. have been arrested on charges of conspiracy to defraud, of embezzlement and of obtaining money under false pretenses. The bank failed with liabilities aggregating $350,000. while the assets will not reach more than $70,000. James Gordon Bennett Makes a Local Item. The marriage of Mr. James Gordon Benand Mies May did not take place yes. terday, the engag. ment having been broken off a few days since by mutual consent and at the solicitation of the lady's father. Yesterday afternoon Mr. Bennett was assaulted in front of the Union Clubhouse, corner of Twenty-first street and Fifth avenue, by a brother of Miss May, Mr. Frederick May, a native of Washington, District of Columbia, and received some oute with a owwide, when they were parted by friends. North Carolina Finances. At a meeting of North Carolina bondholders to-day a resolution was passed authorizing the appointment of a committee of arbiters between the State of North Carolina and the holders of its bonds and that they be anthorized for and OD behalf of the bondholders to take such action as they may deem wise to secure, if possible, readjustment of the debt of the State of North Carolina upon the basis that shalt be equally considered just to the State and the bondholders. The members of this committee have agreed to act as arbiters in the manner prescribed by the resolution. It was also resolved that the chairman should appoint a sub committee of six bondholders to confer with these arbiters as to the preliminaries and best mode of adjusting the obligations of the State. The chairman will abpoint the sub-committee in a few days. Coloage. The Chamber of Commerce to day adopted a report from the committee on coinage urging that silver coin be made the standard legal tender throughout the United States. A resolution asking the chamber to con our in the views of the memorial to Con. gress of the le ding bankers and merchants on the presidential issue was presented, but being objected to by several members on the ground that it was foreign to the objects for which the chamber was created, was laid on the table.


Article from Chicago Daily Tribune, January 5, 1877

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EMBEZZLEMENT. NEW York, Jan. L-A Harrisburg special to the Herald saya: Samuel 8. Bigler, late Prest. dent of the City Bank of Harrisburg, which suspended several months ago, and his two sons, one the ex-Cashier, has been arreated on the charges of conspiracy to defraud, of embezziement, and of obtaining monev under false pretenses. The bank failed with liabilities aggregating $350,000, while the assets will not reach more than $70,000. Over 1,400 persons, most of them of the poorer class, had deposited in the institution, of which they will realize probably 10 or 15 cents on the dollar.


Article from River Falls Journal, January 11, 1877

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Another Case of Bank Robbery. Samuel S. Bigler, late President of the City Bank of Harrisburg, Pa., which suspended several months ago, and his two sons, one the ex-Cashier, have been arrested on charges of conspiracy to defraud, of embezzlement and of obtaining money under false pretences. The bank failed with liabilities aggregating $350,000, while the assets will not reach more than $70,000. Over 1,400 persons most of them of the poorer classes, had deposited in the institution, of which they will realize probable 10 or 15 cents on the dollar.