18723. First National Bank (Hollidaysburg, PA)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
57
Charter Number
2744
Start Date
December 14, 1896
Location
Hollidaysburg, Pennsylvania (40.427, -78.389)

Metadata

Model
gpt-5-mini
Short Digest
703c16ac

Response Measures

Capital injected, Full suspension, Books examined

Other: Comptroller appointed examiners; bank was transferred to a new organization with 100% new capital and reopened.

Description

Multiple articles report a heavy run on the First National Bank of Hollidaysburg on Dec 14, 1896 leading it to suspend; the bank was later reorganized and permitted to reopen on Jan 27, 1897. Reports attribute the run to heavy withdrawals (including Pennsylvania Railroad deposits) and prior distrust following the failure of a related private banking house (Gardner, Morrow & Co.), and connected branch/partner institutions also failed. Martinsburg and Williamsburg branches did not resume.

Events (7)

1. August 11, 1863 Chartered
Source
historical_nic
2. June 30, 1882 Chartered
Source
historical_nic
3. December 14, 1896 Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals by depositors (reports cite withdrawal of Pennsylvania Railroad deposits) and prior distrust after failure of the private banking house Gardner, Morrow & Co.; intimate relations with Martinsburg and Williamsburg banks intensified panic.
Measures
Bank's board decided to suspend business; comptroller appointed an examiner; later transfer to a new organization and recapitalization.
Newspaper Excerpt
The First National Bank of this place suspended payments this morning. The failure produced the greatest excitement and the announcement precipitated the failure of the Martinsburg Deposit Bank, of Martinsburg, and Williamsport Bank, of Williamsport.
Source
newspapers
4. December 14, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension due to unexpected heavy withdrawals and loss of key deposits (including state/railroad deposits in some reports) and loss of confidence after related private bank failure; board officially suspended business until further notice.
Newspaper Excerpt
On account of the heavy strain on this bank for the past 30 days and especially the last two or three days the board of directors have decided to suspend business until further notice.
Source
newspapers
5. December 16, 1896 Other
Newspaper Excerpt
The comptroller of the currency has appointed William M. Hardt of Philadelphia as a special bank examiner to investigate the causes which led to the suspension of the First National bank of this city and the consequent collapse of the Martinsburg and Williamsburg banks, which to all intents and purposes were branches of the local institution. Examiner Hardt has taken charge. It will not be known for several days whether or not Comptroller Eckels will permit the banks to resume business.
Source
newspapers
6. January 27, 1897 Reopening
Newspaper Excerpt
National Bank Examiner Bingham, of Philadelphia, acting under the direction of the comptroller of the currency, will today transfer the broken First National bank of Hollidaysburg to the new organization, which will open the bank with 100 per cent. of new capital. ... This bank was closed by a run on Dec. 14.
Source
newspapers
7. March 1, 1917 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (23)

Article from The Evening Herald, December 14, 1896

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BANKS SUSPEND. A Failure That Affects Hollidaysburg, Martinsburg and Williamsport. Special to EVENING HERALD. HOLLIDAYSBURG, Dec. 14, 1 p. m.-The First National Bank of this place suspended payments this morning. The failure produced the greatest excitement and the announcement precipitated the failure of the Martinsburg Deposit Bank, of Martinsburg, and Williamsport Bank, of Williamsport.


Article from The Providence News, December 14, 1896

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Keystone. State Institutions Go to the Wall. First National Bank of Holidaysburg First to Close. Institutions at Martinsburg and Williamsburg Follow. HOLIDAYSBURG, Penn., Dec. 14.-The First National bank of this place, the oldest bank in this section of the State, and one of original 75 National banks in the United States suspended business this morning. The first notice was posted on the front door of the bank as follows: On account of the heavy strain on this bank for the past 30 days and especially the last two or three days the board of directors have decided to suspend business until further notice. (signed) THE BOARD OF DIRECTORS. The closing of, the First National bank has precipitated the failure of the Martinburg Deposit bank of Martinsburg, and the Willimsburg bank of Williiamsburg, both in this county. The two banks are unincorporated and are controlled by the stockholders of the First National bank. The failures of these banks have caused great excitement. The First National Bank of Holidaysburg was organized in 1863 with a capital of $50,000. Its officers are AS follows: President, William R. Babcock, Cuberland, Md.; vice president William P. Smith; cashier, Hartley H. Jacks: directors, W. R. Babcock; Colonel William Stone, J. D. Hemphill, Colonel William Jack, and W. S. Nicodemus. The Martinsburg Deposit Bank was established in 1870. Colonel William Jack of Hollidaysburg is the president and W. S. Nicodemus of Martinsburg is the cashier. The bank had a capital of $20,000. The Williamsburg bank is controlled by Jack, Blair, Watson, Morrow & Co., of which Colonel William Jack has been president and Hon. John Clark of Williamsburg, cashier. It was established in 1873 capital of $30,000. The official of the banks say that the suspension is only temporary and that the banks will reopen without any financial loss to depositors.


Article from Alexandria Gazette, December 14, 1896

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Bank Failures. HOLLIDAYSBURG, Pa., Dec. 14.The First National Bank of Hollidaysburg was compelled to suspend busi ness this morning owing to a heavy run made by its depositors. The Martinsburg Deposit Bank, of Martinsburg, and the Williamsburg Bank, of Wil liamsburg, have also suspended business. These two banks were branches of the First National Bank and were unincorporated.


Article from The Wheeling Daily Intelligencer, December 15, 1896

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BRIEF TELEGRAMS. 11. 11. Kohlsnat, of Chicago, dentes that he has been offered a cabinet place and says he could not accept one If offered. At Marcus Hock, Pa., last night. two thousand citizens held a demonstration against Spatn. General Weyter was burned in elligy and the Spanish this was burned. No action is likely to be taken by Congress with reference to the death of General Maceo until the report that the Cuban leader was assassinated under a Hag of truce is officially confirmed. A boxing exhibition was given In Broadway, N. Y., Athletic Club last night In honor of ex-Champion Jem Mace, of England, aged sixty-five. and Mike Donovan, aged forty-nine These two, after several preliminary bouts, sparred four rounds and quit even. They were loudly applauded. The First National Bank. of Hollidaysburg. Pa., closed itw doors yesterday and the Martinsburg and Williamsburg banks failed In consequence. Officials say the auspension is only temporary and depositors will lose nothing. The suspension was due to the withdrawal of the Pennsylvania railroad deposits In the Sharkey-Fltzaimmons hearing in court. nt San Francisco, Julian and Fitzsimmons testified as to the stories of it conspiracy between Referee Earp and the Sharkey people, but It was only a hearsny. Dr. Lustig. medical examiner for the club. said he was refused admisalon to Sharkey's room to examine him. and when he aid see him. found the InJuries in the groin superficial and such as might have been made by an Injection of acidulated water.


Article from The Saint Paul Globe, December 15, 1896

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BUSINESS DIFFICULTIES. HOLIDAYSBURG. Pa., Dec. 14.-The First National bank of this place, the oldest bank in this section of the state, and one of the original fifty-seven banks in the United States, suspended this morning. Two other banks, at Martinsburg and Williamsburg, failed as 8. result of the first failure. The Martinsburg Deposit bank was established in 1870. Col. William Jack, of Hollidaysburg, is the president. The bank had a capital of $25,000. The Williamsburg bank is controlled by Watson, Morrow & Co. It was established in 1873, with a capital of $30,000. The closing of the banks, It is said, was due principally to the withdrawal of the deposits of the Pennsysvania railroad company ten days ago. The total of deposits in the three banks was $450,000. The banks have been distrusted in financial circles since Sept. 18 last. On that day the private banking house of Gardner, Morrow & Co., of this city, failed, with liabilities of $325,000 and assets so far as ascertained, of $92,000. The intimate relations existing between the four banks, the fact that they were mainly officered and controlled by the same people, and the additional circumstances that between $60,000 and $75,000 worth of securities was removed to the First National bank from the private bank before its failure aroused suspicion. The national bank officers claimed that these securities were given them for cash balances due on the exchange of checks. A deed of assignment was recorded in the Blair county court this evening from the Martinsburg Deposit bank of Martinsburg, this county, to its cashier, Wm. S. Nicodemus. The bank was a private partnership with a paid up capital of $25,000. Its assets will aggregate $200,000. The Williamsburg bank, of Williamsburg, this county, assigned to its cashier, John Clark. This bank is unincorporated with a paid up capital of $27,000. Its merchant rating is $175,000. New York, Dec. 14.-The firm of W. D. Rountree & Co. announced their failure on the cotton exchange this afternoon. Neither this nor the Collins failure affected the market. Edwardsville, III., Dec. 14.-The banking house of John A. Prickett & Sons, in this city, suspended today, making an assignment to S. N. Travous and E. D. Gillespie. Chicago, Dec. 14.-The Filip & Rachart Manufacturing company, manufacturers of sash, doors and blinds, made an assignment to John R Hand today. Assets, $30,000; liabilities, $28,000. WALL STREET TALK. The entire $3,200,000 issue of Louisville & Nashville refunding bonds put on the open market the latter part of the preceding week has been sold to investors in various parts of the country. A syndicate of New York bankers made a good thing on the deal, as they purchased the whole issue at par and sold out for prices ranging from 102 to 105. Sugar will sell ex-dividend tomorrow. The Standard Oil people have been making large loans on this specialty. Big Four earnings for the first week in December decreased $1,451. Edison Illuminating company shows an increase for November of $39,680. President Depew says the Vanderbilts have not had a controlling interest in the New York Central since 1880. A break in cotton and some troubles among the cotton houses attracted some attention in Wall street, mainly because the market had nothing else to talk about. The occurrence in question is a direct result of a break in the price of cotton. That rate of discount in London open market advanced 1/8 today, to 31/4 per cent. NEW YORK MONEY. NEW YORK, Dec. 14.-Money on call easy at 11/4@2 per cent; last loan, 1½, closed at 1½ @2 per cent. Prime mercantile paper, 4@5 per cent. Sterling exchange firmer, with actual business in bankers' bills $4.86%@4.87 for demand, and $4.83%@4.84 for sixty days. Posted rates, $4.84½ and $4.871/2@4.88. Commercial bills, $4.821/2. Bar silver, 65%o. Silver certificates, 65%@65%c. FOREIGN FINANCIAL. NEW YORK. Dec. 14.-The Evening Post's London financial cablegram: The stock markets were idle and dull today, except for Kaffirs. Americans sagged all day because of the absence of business, and the lower New York prices. The close was at the lowest. Consols were flat on the continental demands for gold. PLAN UNDESIRABLE. NEW YORK, Dec. 14.-Messrs. J. P. Stewart, Edward King and Alexander E. Orr, of the committee under the trust debenture of the Union Pacific railway company, have issued a circular to the holders of Union Pacific collateral trust notes stating that in the opinion of the committee, he proposed plan of reorganizaion is undesirable. BANK CLEARINGS. St. Paul-$837,842.67. Minneapolis-$1,675,084.64. New York-Clearings, $79,497,359; balances, $4,341,648. Boston-Clearings, $13,800,397; balances, $2,122,375. CHICAGO MONEY. CHICAGO, Dec. 14.-Money steady, unchanged. New York exchange 50c premium. Foreign exchange firm; demand, $4.86%; sixty days, $4.84.


Article from Evening Journal, December 16, 1896

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Depositors Threaten Violence. HOLLIDAYSEURG, Pa., Dec. 16.-The comptroller of the currency has appointed William M. Hardt of Philadelphia as a special bank examiner to investigate the causes which led to the suspension of the First National bank of this city and the consequent collapse of the Martinsburg and Williamsburg banks, which to all intents and purposes were branches of the local institution. Examiner Hardt has taken charge. It will not be known for several days whether or not Comptroller Eckels will permit the banks to resume business. While the excitement over the closing of the three institutions has died out here, the depositors at Martinsburg are at the highest pitch of indignation and threaten violence.


Article from The Enterprise, December 16, 1896

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FAILURE OF FOUR BANKS. Three Were in Pennsylvania and the Other in Illinois. HOLLIDAYSBURG, Pa., Dec. 15.-The First National Bank of Hollidaysburg was compelled to close Monday owing to a heavy run made by depositors. This bank was organized in 1863, is capitalized at $50,000 and is one of the 57 oldest national banks in the United States. The excitement over the closing of the First national bank has been intensified by news that the Martinsburg Deposit bank, of Martinsburg, and the Williamsburg bank, of Williamsburg, also suspended business. These two banks were branches of the First national bank and were incorporated. The officials say that the suspension is only temporary and that the three banks will resume business shortly. EDWARDSVILLE, III., Dec. 15.-The banking house of John A. Pickett & Son, of this city, made an assignment Monday. The causes assigned are heavy cash withdrawals during the panic times and the long illness of the senior partner. The assets and liabilities are not stated.


Article from The Record-Union, December 16, 1896

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BANK FAILURE. A Heavy Run Causes a Pennsylvania Concern to Suspend. PITTSBURG, Dec. 14.-The First National Bank of Hollidaysburg suspended business this morning, owing to a heavy run made by its depositors. This bank was organized in 1863 and capiItalized at $50,000. It is one of the oldest national banks in the United States. The excitement over the closing of the bank has been intensified by the news that the Martinsburg Deposit Bank of Martinsburg and the Williamsburg Bank of Williamsburg have also suspended business. These two banks are branches of the First National Bank. The total capital of the three institutions is about $100,000. The officials say the suspension is temporary and that the three banks will be reopened without financial difficulties after the work of reorganization is completed.


Article from The Butler Weekly Times, December 17, 1896

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An Old Bank Suspends. HOLLIDAYSBURG, Pa., Dec. 15.-The First national bank of Hollidaysburg was compelled to suspend business this morning owing to a heavy run made by its depositors. This bank was organized in 1863. is capitalized at $50,000 and is one of the 57 oldest banks in the United States.


Article from The Iola Register, December 18, 1896

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unknown to the guard and through the window of a car and escaped near South McAlester. I. T. THE United States consulate-general in Havana has been putunder a special guard of armed policemen. This precaution was taken by the Spanish authorities owing to the fear that the indignation expressed by Spanish sympathizers against the United States would find vent in an attack upon the consulate. J. W. BENJE and Judge Keys, of Tahlequah, I. T.. have gone to Washington as representatives of the Indians on matters affecting tribal welfare before congress. Mr. Benje said the five civilized tribes were not yet ready for statehood, as a large per cent. of the Indians were too imperfectly advanced in civilization to understand the duties of civilization. AT Detroit, Mich., Ernest Chase, son of Dr. Chase, of recipe book fame, cut his wife's and his own throat badly in an insane attempt at murder and suicide. Physicians think that both have a good chance of recovery. SEVERAL of the Spanish residents of Key West. Fla., attempted on the 14th to celebrate the killing of Gen. Maceo, but the Cubans gathered in ominous crowds and had not the police interfered blood would have been spilled. Mass meetings of Cubans are to be held to ask congress to investigate the manner of Maceo's death and if he was treacherously killed they will demand that the belligerency of the Cubans be recoznized. THE First national bank of Hollidaysburg, Pa., was compelled to suspend business on the 14th owing to a heavy run made by its depositors. The bank was organized in 1863, and was one of the 7oldest banks in the United States. CHARLES D. LANE. chairman of the national bimetallist committee, has issued an address from San Francisco to friends of the cause in which he says that the cause has not been abandoned. but urges the suspension of a 1 agitatation of the subject of free coinage for the rresent. further than by keeping up the club rolls for future service, and thus give their adversaries every opportunity to fulfill their promises to restore prosperity to the country. A "TALL and a short man" entered the barroom of the Hotel Legrand at Chicago early on the morning of the 13th and demanded of the bartender the money in the till and the bartender accidentally knocked over some glasses under the bar which scared the "tall man" and he shot the bartender dead. GEORGE ISAAC. a scientist at Berlin. was experimenting with acetyline gas and he and three assistants were blown to atoms. THE head of the Florida branch of the Cuban junta at Jacksonville has ceived a letter confirming the report of Antonio Maceo's death. It appeared the marquis of Ahumada, acting captain-general in Weyler's absence. invited the insurgent chief to a conference near Punta Brava and Maceo attended with only his staff. when they were surrounded by Spanish soldiers and treacherously killed. ANDREW HART. aged 25, was shot dead at Marshalltown. Ia., by an unknown man who entered the house, presumably, for the purpose of robberv. The murderer escaped, but hundreds of armed citizens with bloodhounds went in pursuit and lynching was probable if the murderer was captured. THE rumor was given wide currency at New York that J. Pierpont Morgan was to manage the Vanderbilt railway properties and Chauncey M. Depew was to be made ambassador to England. THE combination express and mail attached to train No. 103, of the Illinois Central railroad, was burned to the tracks at Trimble, Tenn., and ten pieces of baggage, six fine hunting dogs and 60 mail pouches were consumed. It was caused by the overturning of a lamp. THE Richmond (Va.) chamber of commerce recently adopted resolutions favoring the creation by congress of a department of commerce. THE Cleveland, 0., delegates to the annual convention of the American Federation of Labor will use their influence toward the defeat of the reelection of the president, Samuel Gompers. The cause given is that Mr. Gompers is too conservative, whereas occasions often arise calling for aggressive action. A JURY returned a verdict at Metropolis, Ill., on the 11th in the case of John Lemley, Bart Lynn and Ed Lynn. on trial for the murder of Ben Ladd last May, finding them guilty and fixing their terms in the penitentiary at 99. 20 and 14 years respectively. THE steamship Salier. with 214 passengers and a crew of 78 men was sunk in a recent gale off the coast of Spain and all on board perished. THE safe of H. & A. Haas at Atoka. I. T., was cracked by burglars recently and they secured 25 copper cents for their trouble. A SPECIAL from Canton, O., on the 10th said that Senator Allison, of Ia., would be secretary of state in McKinlev's cabinet. THE little town of Chester. Ark., hus


Article from Little Falls Weekly Transcript, December 18, 1896

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MINOR ITEMS OF INTEREST. Experts have declared the celebrated "pencil will" of ex-Senator Fair a forgery. General Catlin, a former United States consul at Zurich, died in New York Monday. Fire at Altoona, Pa., destroyed property in the heart of the business section of the city to the amount of $100,000. The First National bank of Hollidaysburg, Pa., one of the original 57 national banks in the United States, has suspended. The members of the sailors and firemens union of the Clyde have decided to go on strike if an increase of wages is not granted to them. The Great Northern railroad has opened its new line to Rossland, British Columbia, a town situated in the great gold regions of that section of the Northwest. It is reported that Chauncey M. Depew will retire from the presidency of the New York Central, J. Pierpont Morgan assuming charge of all the Vanderbilt properties.


Article from The American Guide, December 19, 1896

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tained and the adjourned. PERSONAL AND GENERAL. organized COMPANY is being of the Ohio naA O., of members service in Cuba. RoToledo, for St. Agnes' tional guard occurred in in Pittsburgh, A PANIC Catholic church by the burstman Pa., on the steam 13th, pipe. caused but fortunately ing of was a injured. started on an- on no one CLEVELA expedition the PRESIDENT shooting will be 13th. the Annandale other the of duck This time Carolina. he club, Several on An- its guest in South visited the preserves the president given public but nandale years ago club and this time was he will avoid late reception, of that honor. his fiance, repetition OVER the grave of at Toledo, aged O. member Calvary Edmund cemetery. E. Wright, Toledo in on the 13th. of a prominent suicide. After the 20, family. a a committed bunch sent of a flowers bullet into on his toinb placing heart, Wright dying almost B. instantly. COOPER, States famed MRS. SARAH entire United zeal in works throughout her the untiring Miss Hatbecause of and her daughter. dead in bed on at of charity, were found Francisco, tie Cooper. in San both having their residence of the 11th, gas. All evithe morning asphyxiated by that Miss melancholia, Cooper. arose dence been tends to from show acute had fallen andwith ho suffered after her suicidal mother intent. turned asleep. on the gas. 12th the banks of New York rule. plague in from requirements been of the two 25-per-cent. London. fatal Bombay. cases The of the bubonic was imported many deaths resi- and general disease where it has panic caused among the native that says dents. WASHINGTON with dispatch Great Britain cover- for A negotiations of arbitration between the treaty English-speak.comple- difference naing the goods all two great advanced almost to Ill., tion. tions HON. have TRAVIS for PHILLIPS, Los had of Aurora Cal. to left ns far spend recently the as Reno. winter. taken Nev. from and when the he train, became and III and few was hours later. Hart. a Ia., pioneer was died a BON of George county. the mornA of Marshakilled. on whom he and the 13th. by house a and ing discovered with. farmer shot of instantly in the burglar of grappled Chicago the the Chinese, residents Confucius of on THE a temple to Foo. editor priest. opened Wong Chin as high Chinese an address for the 13th, Chimade 11e News, the Celestials neting outlining correspond con- the version plans of , Chicago. with a on the he IN an interview Madrid newspaper der stated that to for a Weyler in order ent Capt.-Gen. to Havana are Hocking had 13th, returned rebels who the Havana the sendisperse the province has of sent to Chas. terstate into THE followingermant. president nominations: to an vice inate the of commissioner. Lieu A. Proutty. commerce Second Massa G. Vensoy, resigned: H. Dimock, lieutenant of in the W. Frank first Also long service. navy, chusetts, tenant cutter to be in congress. the made 14th, list of recess of on the during the insane rage, Detroit, Mich., wife. IN a L. Chase. throat of throat 38, cut then cut wounding his 32, and car. fatally was aged aged Ernest eart fit of the of Times own G. his both. Conn purfrom Washington from John 11. on Hutchins. Oberly, placed in bank suspended chased, by Stil formerly THE the national 15th. charge. Indian 14th, Hon. commission- of Holli- made THE First Pa. on the heavy run to a The bank was at its 1863. oldest and is United ganized daysburowing business by in one of the capitalized States. well-known national $50. or in BUTLER, who 000, banks the had York been HENRY P. clubman. in New 14th. lawyer from and his home on the from an missing city was four found days. to returned be suffering will be need down attack He Iris said of grip. 50,000 the soldiers w insurrection in Capt. the ed to put Philippine st islandsomes schooner crew Edith. of 30 days men THE steam with a the 15th. nine from the fears aboard, Edwards, was. Tacom Fecate on Wash. sound. mis and hap had overdue Halibut banks at enter off tained her owing that some to the seTeleUnion on vere storms. in the building Western at Evansville, Frondrach graph FIRE Co.'s the dumaged of whose the Union factory not to any Bros.. Ind., occupies cigar the The top Western extent


Article from The Globe-Republican, December 24, 1896

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senate. The Newark and Raleigh failed to overhaul the steamer Three Friends. A plot to break out of the Macon, Mo., jail was discovered and frustrated. The American Federation of Labor adopted stirring resolutions of sympathy for Cuba, and called upon Congress to recognize the Cubans. The French chamber of deputies passed the naval bill. A motion to reduce the term of military service to one year was defeated. The house passed the Atlantic and Pacific railway reorganization bill. The nomination of John H. Rogers to be judge for the Western district of Arkansas has been confirmed. J. S. Schofield of Albuquerque, N. M., has been appointed by the comptroller of the currency receiver of the Union National bank of Denver, Col. General Weyler, according to advices from Madrid. may be recalled soon and General Marin may succeed him. John Winston won the Dupont trophy and the live-bird championship of America. Dr. J. L. Williamson shot 191 out of a possible 200 live birds at Milwaukee, breaking the world's record. Hamburg dockers have lost their strike and returned to work. Ed Reed, desperate son of Belle Starr, was killed in a saloon at Claremore, Ind. Ter. Black envelopes. addressed in white ink, to carry bad bills, have been shut out of the mails. Alexander Salvini, the noted young actor, died in Italy, from consumption of the bov els. Nearly all the battle ship steel in the Newport News Ship Building Company's yards is faulty and may be condemned. Employes of the Illinois Central are taking stock in the road and it is believed this will prevent strikes in future. Patrick Coughlin was executed by shooting in Sage Hollow, Utah, for killing Deputy Sheriffs Staggs and Dawes in 1895. Some of the ministers of St. Louis have declared war against the South Side race track. and declare that they will not stop until it is closed. Ernst Chase, son of Dr. Chase of receipt book fame, cut his wife's and his own throat badly in an insane attempt at murder and suicide at Detroit. Vote of California for Presidential electors has been tabulated and shows the following totals: Republicans, 146.588; fusion, 144,766; Prohibition, 2,573. John Seward and William Trustee, the witnesses who perjured themselves in the Pearl Bryan case. were given two and one years respectively in the Kentucky "pen." Edward Clark and wife, mother and stepfather of Mary Stewart, who poisoned her husband, John P. Stewart, have been pardoned out of the Montana "pen," having been convicted on perjured evidence of their daughter. who later confessed and committed suicide. Enlisting in the United States for Cuban service is unlawful and is severely punishable. Washington officials have given out a hint that the law will be enforced. London Times makes several cracks at Senator Chandler for his off-hand recognition of Cub : says Uncle Sam's attitude is incorrect. dthe jingo senators should only provoke smiles in Spain The United States consulate in Havana is guarded because of fear of an attack by Spaniards. The last letter received by the New York junta from General Maceo recommended Ruiz Rivera as his successor in case of his death. The Republicans, it is claimed, expect to annex Hawaii at the next session. Senator Peffer introduced a resolution providing for a monetary commission of five members. For the last fiscal year the total receipts of the government were $400.475,408; expenditures $434,678,654. The House ways and means committee decided to open hearings December 28 on the extra session tariff bill and to continue them two weeks. Two Paris aeronauts intend to make an attempt to reach the North Pole in a balloon. First National bank, Holidaysburg, Pa.. failed, dragging down with it banks at Martinsburg and Williamsburg. Bessemer Steel pool will continue the organization with an open market, and make war on the recalcitrant Bellaire company. Fifty thousand Armenian children under 13 years of age were made orphans by the massacres.


Article from The Cape Girardeau Democrat, December 26, 1896

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A SON of George Hart, a pioneer farmer of Marshall county, Ia., was shot and instantly killed, on the morning of the 13th, by a burglar whom he discovered in the house and grappled with. THE Chinese residents of Chicago opened a temple to Confucius on the 13th, Wong Chin Foo, editor of the Chinese News, acting as high priest. He made an address outlining the plans of the Celestials for the conversion of Chicago. IN an interview with a correspondent for a Madrid newspaper, on the 13th, Capt.-Gen. Weyler stated that he had returned to Havana in order to disperse the rebels who are flocking into the province of Havana. THE president has sent to the senate the following nominations: Chas. A. Proutty, of Vermont, to be an interstate commerce commissioner, vice W. G. Veasey, resigned; Second Lieutenant Frank H. Dimock, of Massachusetts, to be first lieutenant in the revenue cutter service. Also a long list of promotions in the navy, made during the recess of congress. IN a fit of insane rage, on the 14th, Ernest L. Chase, of Detroit, Mich., aged 38, cut the throat of his wife, aged 32, and then cut his own throat from ear to ear, fatally wounding both. THE Washington Times was purchased, on the 15th, from C. G. Conn by Stilson Hutchins. Hon. John H. Oberly, formerly Indian commissioner, was placed in charge. THE First national bank of Hollidaysburg, Pa., on the 14th, suspended business owing to a heavy run made by its depositors. The bank was organized in 1863, is capitalized at $50.00 000, and is one of the oldest national banks in the United States. HENRY P. BUTLER, a well-known lawyer and clubman, who had been missing from his home in New York city four days, returned on the 14th. He was found to be suffering from an attack of grip. THE steam schooner Edith. Capt. Edwards, with a crew of 30 men aboard, was, on the 15th, nine days overdue at Tacoma, Wash., from the Halibut banks off Hecate sound, and fears were entertained that some mishap had befallen her owing to the severe storms. FIRE in the Western Union Telegraph Co.'s building at Evansville, Ind., on the 15th, damaged Frondrach Bros., cigar manufacturers, whose factory occupies the top floor of the building, $5,000. The Western Union office was not damaged to any extent. THE Frer ch coasting steamer Marie Fanny was lost off the island of Alderney, in the British channel, on the 15th, and her crew of 14 men were drowned. THE lumbermen of the United States met in convention in Cincinnati on the 15th. FIGHTING is reported west of the trocha in Pinar del Rio, Cuba, where the insurgents, under Maceo's successor, Gen. Ruis Rivera. have taken the field against the Spanish forces left there by Gen. Weyler. No details have been received yet, but 50 wounded soldiers arrived at Havana, on the 15th, from the neighborhood of Artemisa. IT was stated in Havana, on the 15th, that Gen. Weyler had called in some of the troops stationed outside of the city, fearing an attack byGen. Gomez, who was reported to be moving eastward with a large force, well armed and provisioned. The insurgents had already occupied several small towns held by the Spaniards in the eastern part of the province of Havana. THE London Globe of the 15th said that important negotiations were pro-


Article from The Indianapolis Journal, January 6, 1897

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Other Business Troubles. CHICAGO, Jan. 5.-Upon an intervening petition and information filed by Attorney General Maurice T. Moloney, Judge Payne this evening appointed George Shilling. Dr. George Emerick and Paul O. Stensland receivers of the International Building, Loan and Investment Union, fixing their bonds at $100,000 each. These are the same receivers appointed by Judge Payne last Saturday. Under the information and petition filed to-day by the attorney general the newly appointed receivers are to dissolve the union, settle up all its affairs and gradually work it out of existence. HOLLIDAYSBURG. Pa., Jan. 5.-Assurances were to-day given to the depositors of the First National Bank of Hollidaysburg and the Martinsburg Deposit Bank, which closed their doors three weeks ago, that both would be able to resume business in a few days. The Williamsburg bank, which went down in the crash. is said to be a hopeless wreck, and its affairs will be settled up by an assignee. TOLEDO, Jan. 5.-A dispatch sent out from Albany, N. Y., stated that the Milburn Wagon Company had gone into the hands of a receiver. The statement is an error. The Milburn company is located here and is in excellent financial condition. The firm which went into receivership was an Albany house. which acted as local agent for the Milburns. SEDALIA. Mo., Jan. 5.-The Van Wagener-Hanney Shoe Company, the oldest and largest house in the city, closed its doors this morning on a deed of trust. John Montgomery. jr., is trustee. The failure is a bad one, but the amount of assets and liabilities are not given.


Article from The Evening Herald, January 27, 1897

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Broken Hollidaysburg Bank Resumes. HOLLIDAYSBURG, Pa., Jan. 27.-National Bank Examiner Bingham, of Philadel. phia, acting under the direction of the comptroller of the currency, will today transfer the broken First National bank of Hollidaysburg to the new organization, which will open the bank with 100 per cent. of new capital. Prothonotary J. L. Hartman will be president and J. G. Swope, of Mt. Pleasant, Pa., cashier. This bank was closed by a run on Dec. 14. The Martinsburg Deposit bank and the Williamsburg bank, which were branches, will not resume.


Article from The Wilmington Daily Republican, January 27, 1897

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Broken Hollidaysburg Bank Resumes. HOLMIDAYSBURG, Pa. Jan. 27.-National Bank Examiner Bingham, of Philadelphia, acting under the direction of the comptroller of the currency, will today transfer the broken First National bank of Hollidaysburg to the new organization, which will open the bank with 100 per cent. of new capital. Prothonotary J. L. Hartman will be president and J. G. Swope, of Mt. Pleasant, Pa., cashier. This bank was closed by a run on Dec. 14. The Martinsburg Deposit bank and the Willlamsburg bank, which were branches, will not resume.


Article from Birmingham State Herald, January 28, 1897

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PERMITTED TO RE-OPEN. Washington, Jan. 27.-Two national banks which recently failed, have been permitted to reopen their doors for business after satisfying the comptroller of the currency that they have complied with all conditions imposed by him. They are the First National bank of Hollodaysburg, Pa., which suspended Dec. 14, 1896, and the Merchants' and Planter's National bank of Bryan, Tex., which suspended Dec. 23, 1896.


Article from The Wichita Daily Eagle, January 28, 1897

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NEWS OF THE FAILED BANKS Washington Institution Closes With a Depositors-Pa1d-in-Fuli Notice, Olympia, Wash., Jan. 27.-The following notice was this morning posted on the door of the First National bank as the first announcement of its suspension: "Owing to unexpected heavy withdrawals of deposits, this bank is compelled to suspend until we can realize on our assets. Depositors will not lose a dollar. "A. A. PHILLIPS, President." Mr. Phillips stated that the immediate cause of the suspension was the withdrawal by the state treasurer of $35,000 of state money. This frightened other depositors, who made a run on the bank, forcing it to close its doors. The state deposits were withdrawn on January 1. The liabilities of the bank are $100,000, $75,000 being individual deposits of residents of this town and county. The assests are stated to be $226,000, a large amount of which can be realized on very soon. Youngstown, O., Jan. 27.-It is estimated today that at least 100 people living between East Lewiston and Columbiana will lose sums ranging from $500 to $20,000 each through the failure of the Ohio Lumber and Mining company, which went under about a month ago, carrying with it the Easterly bank at Columbiana. This company, composed of members of the Mennonites, a religious sect, was incorporated eight years ago, with a capital stock of $50,000. The company bought 24,000 acres of fortst land in Virginia with the idea of making and selling railroad ties, but things went from bad to worse until a crash came, and it comes out that this was the strain that broke the Easterly bank last month. Cincinnati, O., Jan. 27.-The probability of a clash between the state and national authorities over the receivership of the First National bank of Newport seems now to be remote. Judge Helm is away in Washington, as are also Receiver Wilshire and Commissioner Hodge, who was to have been appointed receiver by Judge Helm. Itnow appears that the course proposed by Judge Helm will not be followed, and that there will be no interference/with the appointment of Wilshire. made by Comptroller Eckles. Washington, Jan. 27.-The Merchants' and Planters' National bank, of Bryan, Texas, which suspended payment December 23, 1896, having complied with the conditions imposed by the comptroller of the currency and its capital stock being now unimpaired, has been permitted to re-open its doors for business. Washington, Jan. 27.-The First National bank of Holidaysburg, Pa., which suspended payment December 14, 1896, having complied with the conditions imposed by the comptroller of the currency and its capital stock being now unimpaired, has been permitted to re-open its doors for business. Washington, Jan. 27.-The comptroller of the currency has appointed William E. Hughes of New Orleans receiver of the Mutual National bank of New Orleans.


Article from The Indianapolis Journal, January 28, 1897

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General Notes. WASHINGTON Jan. 27.-To-day's statement of the condition of the treasury shows: Available cash balance, $229,920,399; gold reserve, $143,889,380. The First National Bank of Hollidaysburg, Pa., which suspended payment Dec. 14, 1896, having complied with the conditions imposed by the controller of the currency, and its capital stock being now unimpaired, has been permitted to reopen its doors for business. Captain Glass, of the Texas, has notified Secretary Herbert that his ship will be ready to go to sea on the 8th of February, which will give her a week to reach Galveston, where she is to receive a silver service from the citizens of Texas. The House committee on labor to-day authorized a favorable report on a bill to prohibit the employment of prison labor on government buildings.


Article from The Saint Paul Globe, January 28, 1897

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NEW YORK MINING STOCKS. Bulwer $0 50 Ontario $9 00 Cholor 80 1 00 Ophir Crown Point 30 20 Plymouth Con. Cal. & Va 2 00 1 00 Quicksilver Deadwood 1 00 10 00 do pfd 45 Gould & Curry Sierra Nevada 45 Hale & Norcross. 1 00 Standard 1 60 Homestake 29 00 Union Con 40 Iron Silver 32 Yellow Jacket 33 Mexican 40 BOSTON MINING SHARES. Allouez Min. Co. 50 Franklin 131/4 Atlantic 25 Kearsarge 19% Boston & Mont 107 Osceola 341/2 Butte & Boston 115 11½ Quincy Calumet & Hecla.355 Tamarack 1241/2 Centennial Wolverine 55/8 101/2 FOREIGN FINANCIAL. NEW YORK, Jan. 27.-Evening Post's London cablegram: The tone of the stock markets here was good today and the outlook was more encouraging for the moment. Americans were good. The chief point was the influential buying here of Atchison. The closing was at the best. American bonds were generally in fair demand. Mines were better. The settlement is helped by easy money. Contangoes are light, those on Americans being about 3@31/2 per cent. The chances of a reduction in the bank rate of discount tomorrow are evenly divided. There is no great interest in the matter either way. Gold was bought in the open market for Austria and Japan, but there have been no gold operations at the bank for the past fortnight. The Paris market was firm, with rather big speculation in Lintos and deBeers mines. The Berlin market was firm. NEW YORK MONEY. NEW YORK, Jan. 27.-Money on call easy at 11/2@13/4 per cent; last loan, 11/2c, closed at 11/2@13/4. Prime mercantile paper, 3@4 per cent. Sterling exchange strong, with actual business in bankers' bills at $4.86%@4.87 for demand, and at $4.84%@4.85 for sixty days. Posted rates, $4.85@4.851/2, and $4.87%@4.881/2. Commercial bills, $4.83%. Silver certificates, 651/4@65%c. Bar silver ,65c. BANK RESUMES. WASHINGTON, Jan. 27.-The First National Bank of Hollidaysburg, Pa., which suspended payment Dec. 4, 1896, having complied with the conditions imposed by the comptroller of the currency, and its capital stock being now unimpaired, has been permitted to reopen its doors for business. TREASURY STATEMENT. WASHINGTON, Jan. 27.-Today's statement of the condition of the treasury shows: Available cash balance, $229,920,399; gold reserve, $143,889,389. CHICAGO MONEY. CHICAGO, Jan. 27.-Money steady and unchanged. New York exchange, 50c discount. Foreign exchange firm; demand, $4.86%; sixty days, $4.843/4.


Article from The Cambria Freeman, January 29, 1897

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-Dr. John Isenberg, a prominent dentist, died suddenly at his home in Altoona on Friday morning. aged fifty-six years He had resided in Altoona for thirty-five years. His wife and three children survive. One son-George L.-is a passenger brakeman on the Pittsburg division of the Pennsylvania railroad. -The officers of the First National bank of Hollidaysburg, expect that the bank will resume business on Tuesday. January 27. All the claims will be paid in full and the capital of the bank restored to its legal amount. This was the information received by Comptroller Eckles, from the receiver who has been in charge of the affairs of the bank since it closed its doors in December. -The secretary of the commonwealth recently addressed the attorney general's department, asking whether the tenth section of the Act of June 10, 1893. which regulates the nomination and election of public officers, as amended by the Act of June 26, 1895, (P. L. 392,) requires a sheriff to nave a "fac-simile" of the official ballot published as part of the general election proclamation. Deputy-Attorney-General Elkin to-day stated that only the officers need be enumerated, and no "fac-simile" ballot is required. -Here is an item for the farm boys, from the Germantown Telegraph: The statement was made in one of the daily papers recently that, according to the testimony of real estate dealers in the interior of the state, there is a very decided increase in the demand for farms and that the demand comes largely from those who have moved into the cities years ago. If this be true, it is an encouraging item of news. Out of ten who leave the farm to make their way in the city eight would certainly have done better had they remained at home. -Mr. Robert Brooks, a civil engineer in the employ of the Pennsylvania railroad, and well and favorable known in Ebensburg, where he resided during the building of the Blacklick railroad, died at Lilly on Wednesday morning from pneumonia after a short illness. The deceased was married on the 21st day of October last to Miss Margaret Dunegan, daughter of E. R. Dunegan, Esq.. of St. Augustine, and since that time the young couple have made their residence at Lilly where Mr. Brooks was employed on the new railroad work at that place. -A fire broke out in a dwelling house owned by the Elk Tanning company at Curwensville, on Tuesday evening, occupied by Moses Watson aud John Webb, both colored with their families. Mrs. Webb had gone to the store and left her four children in the house, their ages being six, four, and two years. and a baby. All were burned to death. The fireman did effective work, and when the fire was quenched a search was made for the bodies. They werefound, but were burned almost beyond recognition. The origin of the fire is unknown. It is the firstinstance in that village in which human life has been lost by fire.


Article from The Cambria Freeman, January 29, 1897

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Hollidaysburg Bank Starts Up. HOLLIDAYSBURG, Pa., Jan. 27.-National Bank Examiner Bingham of Philadelphia today transferred the broken First National bank of Hollidaysburg to the new organization, which opened the bank with 100 per cent of new capital. Prothonotary J. T. Hartman will be president and J.G. Swope of Mt. Pleasant, Pa., cashier. This bank was closed by a run on Dec. 14. The Martinsburg Deposit bank and the Williamsburg bank, which were branches, will not reopen.