19136. Vermont National Bank (St Albans, VT)

View Charter #1583 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1583
Charter Number
1583
Start Date
August 7, 1883
Location
St Albans, Vermont (44.811, -73.083)

Metadata

Model
gpt-5-mini
Short Digest
be75c2a3249d5d45

Response Measures

None

Receivership Details

Depositor recovery rate
80.2%
Date receivership started
1883-08-09
Date receivership terminated
1892-06-06
OCC cause of failure
Losses
Share of assets assessed as good
16.3%
Share of assets assessed as doubtful
68.2%
Share of assets assessed as worthless
15.5%

Description

The Vermont National Bank (St. Albans) suspended/closed in early August 1883 because its president Bradley Barlow was financially embarrassed by large railroad loans; a receiver (Hendee) was later active and the bank paid dividends under receivership in Jan 1884. The articles describe a suspension/closing tied to bank-specific adverse information (Barlow's failures), not a rumor-driven run. OCR minor name variants (Brainard/Brainerd) noted for Trust Company president; I preserve corrected spellings where clear.

Events (5)
1. October 11, 1865 Chartered
Source
historical_nic
2. August 7, 1883 Suspension
Cause
Bank Specific Adverse Info
Cause Details
President Bradley Barlow's failure and heavy loans/discounts to his Southeastern railroad (about $325,000) and related bad railroad bonds left the bank insolvent or unable to meet demands; bank closed/ suspended Aug. 6-8, 1883.
Newspaper Excerpt
The Vermont National Bank at St. Albans, Vermont, suspended yesterday in consequence of the embarrassment of its President, Bradley Barlow
Source
newspapers
3. August 9, 1883 Receivership
Source
historical_nic
4. August 29, 1883 Receivership
Newspaper Excerpt
Receiver Hendee, of the Vermont National bank, returned from Canada to-day. He said he had several conferences ... Receiver Hendee was present and represented the interests of the creditors of the bank ...
Source
newspapers
5. January 2, 1884 Other
Newspaper Excerpt
The suspended Vermont National Bank began yesterday to pay its first dividend to depositors, amounting to 12 1/2 per cent.
Source
newspapers

Newspaper Articles (25)
1. August 7, 1883 Daily Republican Wilmington, DE
Article from Daily Republican, August 7, 1883

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... Collapse of n National Bank. The Vermont National Bank at St. Albans, Vermont, suspended yesterday in consequence of the embarrassment of its President, Bradley Barlow, who is also President of the Southcastern Railroad. The bank has discounted about $325,000 for that road, and has also made loans on the Boston, Montreal and Portland road. The deposits of the bank are stated to be about $320,000, and Barlow thinks they will be paid in full. Barlow has invested $1,000,000 in the Southeastern road. The St. Alban's Trust Company has also suspended, its President, Lawrence Brainerd, having been an endorser on Barlow's paper.

2. August 7, 1883 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, August 7, 1883

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Commercial Crashes. A VERMONT NATIONAL BANK AND A TRUST COMPANY CLOSE THEIR DOORS-RUNNING A RAILROAD CAUSE THE FAILURES. [By telegraph to the Dispatch.] ST. ALBANS, VT., August 6.-The Vermont National Bank, of St. Albans, of which Bradley Barlow is president, closed its doors this morning. causing great consternation among its depositors. Barlow is also president and owner of the Southeastern railway, of Canada, and he has failed and all his property is involved, beside a considerable amount of money loaned by banks and individuals to assist him in his railroad management. Barlow says he has assigned all his property to the bank for the benefit of depositors, and that his failure is due to the unsuccessful result of his attempt to sell the Southern railroad to the Canadian Pacitic Railroad Company. He expected up to a few days ago to accomplish the sale, but failing in this, he was compelled to suspend. The bank has discounted about $325,000 for the Southeastern road, and a loan has been made on bonds of the Boston, Montreal and Portland railroad. Failing to raise money on the bonds, it was deemed best to close the bank. The deposits of the bank are about $320,000, and Barlow thinks that the depositors will be paid in full. The officers of the bank state that its affairs are in a proper shape, and the Bank Examiner has been notified of its situation. The Southeastern railroad is a road which has been taken in hand by Barlow, who raised it from'a state of inefficiency, requiring a large outlay. Barlow held a large amount of bonds, not attempting to put them upon the market, and the road has been an active borrower in consequence in order to carry on improvements, the earnings barely covering current expenses. Its line extends from Montreal to Newport, Vt., a distance of a little over a hundred miles, and has branches to various points in the provinces, which make up a total of 300 miles of road in operation. Suspension of the bank was totally unexpected, and is likely to have a serious effect upon numbers who have been endorsers upon Barlow's paper. But the real condition of affairs in this respect is not yet fully known. It is understood that Barlow had invested about $1,000,000 in the Southeastern railroad. The St. Albans Trust Company has also suspended, its president, Lawrence Brainerd, who was a heavy endorser on Barlow's paper, having made an assignment for the benefit of the Trust Company. Brainer's property, which has been assigned, is valued at $500,000.

3. August 9, 1883 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, August 9, 1883

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THE ST. ALBANS FAILURE. The Trust Company Likely to Pay Depositors in Full-Mr. Barlow Trying to Sell the Southeastern Railway. ST. ALBANS, Aug. 8.-There is nothing new today regarding the affairs of the Vermont National Bank and Trust Company. Treasurer Burgess states that from what he knows of its condition the Trust Company undoubtedly will be able to pay depositors fully in time, but it could not now stand any extensive run. He could not say when they would be able to resume. President Brainard said today he was doing all in his power to make depositors secure and declared all his transactions had been straightforward. The whole question seems to be whether Barlow's creditors will push Brainard to the wall or be lenient. Barlow left for New York last night and it is reported he expects to obtain relief by the dis posal of the Sontheastern. It is claimed however by the Montreal papers that he is handicapped by an arrangement with the Canadian Pacific, which virtually owns the Southeastern, and no move can be made without its consent. A Montreal paper says an offer of $4,000,000 has been made for the Southeastern exclusiva of the rolling stock and it is understood matters will be soon arranged by this offer being accepted. It is believed here that if the sale of the road can be negotiated the depositors in the National Bank will be safe. The only new point in the Barlow failure is that Finance Inspector Dewey's visit this afternoon resulted in a brief investigation and the deferring of further examination of the Trust Company by him till the National Bank inevstigation is completed. Before he left town, however, the inspector spoke guardedly but somewhat encouragingly of the depositors' prospects, announcing his conviction that if matters were not forced to a settlement the Trust Company will pay dollar for dollar or nearly that portion. A receiver will undoubtedly be appointed when the examiner has completed his work.

4. August 9, 1883 Daily Globe Saint Paul, MN
Article from Daily Globe, August 9, 1883

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BUSINESS TROUBLES. The Effect of the Recent Failures on Business Throughout New England. ST. ALBANS, Vt., Aug. 8.-Regarding the affairs of the Vermont National Bank and Trust company, Treasurer Burgess states from what he knows of its condition that the Trust company undoubtedly will be able to pay its depositors fully in time but could not now stand any extensive run. He could not say when they would be able to resume. President Brainard said he was doing all in his power to make the depositors secure, and declared that all his transactions were straightforward. The whole question seems to be whether Barlow's creditors will push Brainard to the wall. or are lenient. Barlow has left for New York. It is reported that he expected to obtain relief by the disposal of Southeastern. It is claimed, however, by Montreal papers that he is handicapred by an arrangement with the Canadian Pacific, which virtually owns the Southeastern, and no move can be made without its consent. A Montreal paper says an offer of $4,000,000 was made for the Southeastern road, exclusive of the rolling stock, and it is understood that matters will be soon arranged by this offer being accepted. It is believed here if the sale of the road can be negotiated the depositors in the National bank will be safe. Finance Inspector Dewey, who is examining the Trust company's books, is in clined to the belief that the depositors will be cared for, as he thinks the only trouble is Brainard's endorsement for Barlow, which may be met without wrecking the company. No serious trouble is reported yet among the St. Albans merchants, though some have been hard pressed on account of dealing in checks on the Vermont National. The First National is in condition to help bridge over the disaster, and can easily raise $200,000. The financial standing of the owners puts them to trouble, on account of the extra demand beyond question. Gov. Hendees' examination of the Vermont National bank is not yet completed, but nothing has been found to change the opinion that the depositors will be paid fully. BOSTON, Aug. 8.-Henry Daniels, stock broker, has suspended in consequence of the failure of Watson, the stock broker, who failed Tuesday. The liabilities of Daniels are small. Late this afternoon the business friends of Watson came to his assistance and it is hoped an arrangement can be made which will enable him to resume to-morrow.

5. August 9, 1883 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, August 9, 1883

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BUSINESS TROUBLES. The Vermont National Bank Embezale, meat. ST. ALBANS, VT, August 8 - Regarding the affair of the Vermont National Bank and Trust Company, Treasurer Burg-88 states that from what he knows of its condition the Trust Company will undoubtedly be able 10 pay depositors fully in time, but could not now stand any extensive run. He could not eay when they would be able to resume. President Brainard said he WAS doing all in his power to make depositore 86cure, and declared all h's transictions to be straightforward. The whole question ap. pears to be whether Birlow's creditors will push Brainard to the wall or be lenient.

6. August 9, 1883 National Republican Washington, DC
Article from National Republican, August 9, 1883

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Business Failures. ST. ALBANS, VT., Aug. 8.-There is nothing new to-day regarding the affairs of the Vermont National Bank and Trust company. Treasurer Burgess states that from what he knows of its condition, the trust company will undoubtedly be able to pay its depositors fully in time, but that it could not now stand an extensive run. He could not say when they would be able to resume. President Brainard said to-day he was doing all in his power to make the depositors secure, and declared that all his transactions had been straightforward. The whole question seems to be whether Barlow's creditors will push Mr. Brainard to the wall or are disposed to be lenient. Barlow left for New York last night, and it is reported that he expects to obtain relief by the disposal of Southeastern railway stock. It is asserted, however, by the Montreal papers that he is handicaped by an arrangement with the Canadian Pacific company, which virtually owns the Southeastern, and no move can be made without its consent. A Montreal paper says an offer of $4,000,000 has been made for the Southeastern road, but exclusive of the rolling stock, and it is understood matters will be soon arranged by this offer being accepted. It is believed here that if the sale of the road can be made depositors in the national bank will be safe.

7. August 9, 1883 Daily Globe Saint Paul, MN
Article from Daily Globe, August 9, 1883

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BUSINESS TROUBLES. The Effect of the Recent Failures on Business Throughout New England. ST. ALBANS, Vt., Aug. 8.-Regarding the affairs of the Vermont National Bank and Trust company, Treasurer Burgess states from what he knows of its condition that the Trust company undoubtedly will be able to pay its depositors fully in time but could not now stand any extensive run. He could not say when they would be able to resume. President Brainard said he was doing all in his power to make the depositors secure, and declared that all his transactions were straightforward. The whole question seems to be whether creditors will Barlow's push Brainard to the wall. or are lenient. Barlow has left for New York. It is reported that he expected to obtain relief by the disposal of Southeastern. It is claimed, however, by Montreal papers that he is handicapred by an arrangement with the Canadian Pacific, which virtually owns the Southeastern, and no move can be made without its consent. A Montreal paper says an offer of $4,000,000 was made for the Southeastern road, exclusive of the rolling stock, and it is understood that matters will be soon arranged by this offer being accepted. It is believed here if the sale of the road can be negotiated the depositors in the National bank will be safe. Finance Inspector Dewey, who is examining the Trust company's books, is in clined to the belief that the depositors will be cared for, as he thinks the only trouble is Brainard's endorsement for Barlow, which may be met without wrecking the company. No serious trouble is reported yet among the St. Albans merchants, though some have been hard pressed on account of dealing in checks on the Vermont National. The First National is in condition to help bridge over the disaster, and can easily raise $200,000. The financial standing of the owners puts them to trouble, on account of the extra demand beyond question. Gov. Hendees' examination of the Vermont National bank is not yet completed, but nothing has been found to change the opinion that the depositors will be paid fully. BOSTON, Aug. 8.-Henry - Daniels, stock broker, has suspended in consequence of the failure of Watson, the stock broker, who failed Tuesday. The liabilities of Daniels are small. Late this afternoon the business friends of Watson came to his assistance and it is hoped an arrangement can be made which will enable him to resume to-morrow.

8. August 9, 1883 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, August 9, 1883

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The St. Albans Bauk Failure. ST. ALBANS, Vt., Aug. 8.-Regarding the affairs of the Vermont National Bank and Trust Company, Treasurer Burgess states that from what he knows of its condition the Trust Company will undoubtedly be able to pay depositors fully in time, but could not now stand any extensive run. He could not say when they would be able to resume.

9. August 10, 1883 Vermont Phœnix Brattleboro, Bellows Falls, Ludlow, VT
Article from Vermont Phœnix, August 10, 1883

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The Collapse Viewed from a Burlington Standpoint. [From the Free Press.] The failure of Bradley Barlow has long been anticipated. It was generally under stood that he had embarked all his resources in his Southeastern railroad, and the shaky financial character of that enterprise was widely known. But that Mr. Barlow's failure would lead to that of the Vermont National bank of St. Albans, of the St. Albans Trust company, and of a man reputed as wealthy as Lawrence Brainerd. was wholly unexpected by the general public. The combined failures must result in widespread loss and trouble, and will undoubtedly rank among the most disastrous in the history of the State. There are some points about them that demand examination. First, as to the National bank. This was for all intents and purposes Mr. Barlow's private property and he seems to have so regarded it. Of its capital stock of $200,000, he owned $187,000, leaving only an insignificant amount for the six gentlemen who with himself constituted the board of directors. The bank's deposit were, Mr. Barlow says, about $330,000. Mr. Barlow becoming financially involved, the directors advanced him $319,000 on bonds of the Montreal. Portland & Beston railroad. The sum was very much larger than the capital of the bank and al. most 88 large as the entire amount of its de. posits. The Montreal, Portland & Boston railroad is a part of the Southeastern system and runs from Montreal to Sheldon, in this state. Its bonds have absolutely no market value whatever. They may intrinsically be worth par, but at the present moment they are absolutely valueless, and have been so for a long time past. So, therefore, the directors of the bank appear to have advanced nearly all its funds, aside from its capital stock, on wild-cat securities to a man notoriously involved, financially. The result is that the bank is ruined, its capital is lost beyond all hope, and its depositors will have to endure a long delay and, probably, a final heavy loss. The whole thing shows the glaring evil of running a National bank on the oneman principle. As to the St. Albans Trust company, its affairs have not. at the moment of writing, been made very clear. Mr. Lawrence Brainerd, its president, has made an assignment of all his property for its benefit, however, and from this it would look as if its funds, too, had gone into Mr. Barlow's ill. starred speculations. If such proves to be the case, the thing is even more flagrant than that of the National bank. The care of the money belonging to the working and poorer classes is a sacred trust, and its investment ought to be surrounded with every possible safeguard. Too great caution cannot possibly be used. These facts are too familiar and too obvious for argument. And yet the manag. ers of the St. Albans Trust company appear to have been as loose and careless in their methods (to use no stronger language) as those of the National bank. According to the last report of the State Inspector of Finance the company had deposits of $494,130, and of its 2295 depositors, 1640 had deposits not exceeding $250 in each case. The majority of these people, therefore. were of the poorer, hard-working class-the class least able of all to suffer from a failure of the kind. It is sincerely to be hoped that Mr. Brainerd's dis. claimer of any serious trouble for the company will be verified. As to Mr. Barlow personally, he has borne for years a financial burden under which most men in the prime of life would have staggered, and borne it bravely. But the expedients he has adopted, which have led to the present trouble at St. Albans, call for the severest condemnation. Mr. barlow is himself the greatest sufferer, no doubt, but that fact is but slender consolation for those people who have lost their little all through his transactions.

10. August 10, 1883 Burlington Weekly Free Press Burlington, VT
Article from Burlington Weekly Free Press, August 10, 1883

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THE ST. ALBANS FAILURES. The failure of Bradley Barlow has long beencanticipated. It was generally understood that he had embarked all his resources in his Southeastern railroad, and the shaky financial character of that enterprise was widely known. But that Mr. Barlow's failure would lead to that of the Vermont National bank of St. Albans, of the St. Albans Trust company and of a man reputed as wealthy as Lawrence Brainerd, was wholly unexpected by the general "public. The combined failures must result in widespread loss and trouble, and will undoubedtly rank among the most disastrous in the history of the State. There are some points about them that demand examination. First, as to the National bank. This was for all intents and purposes Mr. Barlow's private property and he seems to have so regarded it. Of its capital stock of $200,000, he owned $187,000, leaving only an insignificant amount for the six gentlemen who with himself constituted the board of directors. The bank's deposits were. Mr. Barlow says, about $330,000. Mr. Barlow becoming financially involved, the directors advanced him ($319,000 on bonds of the Montreal, Portland & Boston railroad. The sum was very much larger than the capital of the bank and/almost'as as the entire amount of its doposits. The' Montreal, Portland & Boston railroad is a part of the Southeastern system and runs from Montreal to Sheldon, in this State. Its bonds have absolutely no market value whatever. They may intrinsically be worth par, but at the present moment they are absolutely valueless, and have been SO for a long time past. So, therefore, the directors of the bank appear to have advanced nearly all its funds, aside from its capital stock, on wild-cat securities to a man notoriously involved, financially. The result is that the bank is ruined, its capital is lost beyond all hope, and its depositors will have to endure a long delay and, probably, a final heavy loss. The whole thing shows the glaring evil of running a National bank on the one-man) principle. The case under consideration is not by any means the first on record, nor will it be the last, unless some decisive step is taken to remedy the matter. The man wl.o owns the bank names his own directors and they suffer him to manage the bank as he pleases. They haveno realinterest and presumably pay butslight attention to their official duties. On the other hand, the people see a list of prominent and responsible townsmen announced as directors of the bank, and their names give them confidence in the institution and they entrust their hard earnings to its care. And at last the explosion comes, and the people find that money has gone to the support of some reckless speculator and that the men in whom they trusted were mere dummies, simply giving the use of their names. Such a eystem of banking is a shame and a scandal, and it ought to be done away with. As to the St. Albans Trust company, its affairs have not, at the moment of writing, been made very clear. Mr. Lawrence Brainerd, its president, has made an assignment of all his property for its benefit, however, and from this it would look as if its funds, too, had gone into Mr. Barlow's ill-starred speculations. If such proves to be the case, the thing is even more flagrant than that of the National bank. The care of the money belonging to the working and poorer classes is a sacred trust, and its investment ought to be surrounded with every possible safeguard. Too great caution can not possibly be used. These facts are too familiar and too obvious for argument. And yet the managers of the St. Albans Trust company appear to have been as loose and careless in their methods

11. August 16, 1883 The Austin Weekly Statesman Austin, TX
Article from The Austin Weekly Statesman, August 16, 1883

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Trying to Secure Depositors. ST. ALBANS, Vt., August 8.-Regarding the affairs of the Vermont National bank and trust company, Treasurer Brainard stated from what he knows of its condition the company will undoubtedly be able to pay depositors fully in time, but could not now stand any extensive run. He could not say when they would be able to resume. Brainard said he was doing all in his power to make depositors secure.

12. August 17, 1883 The Iola Register Iola, KS
Article from The Iola Register, August 17, 1883

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THE EAST. THE Vermont National Bank of St. Albans, Bradley Barlow President, has closed its doors. Barlow is also President and owner of the Southeastern Railway of Canada and it is understood he has failed and that all of his property is involed, besides a considerable amount loaned by banks and individuals to assist him in his railroad management. The St. Albans Trust Company also suspended. Its President, Lawrence Brainard, who was a heavy indorser of Barlow's paper, made an assignment for the benefit of the Trust Company. NATHANIEL SMITH RICHARDSON, D. D., editor of the Church Guardian, New York City, was found dead in bed at his residence in Bridgeport, Conn., the other morning. His age was seventy-three. THE Western Nail Association met at Pittsburg, and after a full interchange of views on the condition of trade, it was decided to order a general resumption of the mills for a period of four weeks from the 13th instant. THE warehouses and wharves of the Knickerbocker Ice company, and stables of the company in Philadelphia burned recently. Forty-three horses and four mules suffocated or burned. Two thousand tons of ice were destroyed. The roof of the Philadelphia & Reading railway freight depot, adjoining, burned, and considerable freight was damaged by fire and water. Loss estimated at $50,000. COMPARATIVELY few of the railroad telegraph operators of the East obeyed the order of the Brotherhood Committee calling them out. Some left their desks, but the railroad companies asserted that the majority remained. In the Pittsburg Division of the Baltimore & Ohio road about one-third of the operators struck. FIFTY weavers in the Wonsocket, R. I., company's employ struck for more pay. They are getting 18½ cents a cut; they were offered 19½ cents, but demand 21 cents. A WARRANT was recently issued for the arrest of James Gaffey, an attendant at the asylum for the insane at Norristown, Pa., upon the charge of maltreating and causing the death of an inmate named Fiss. The trustees offered a reward of $500 for the arrest of Gaffey, who absconded. MRS. FANNY SPRAGUE, mother of the exGovernor, has accepted the offer of the Union Company, which bought her homestead, to lease it to her during life at one dollar per month. She accepted upon the advice of Governor Butler, ber counsel. MRS. WILLIAM G. FARGO, widow of the President of the American Express Company, was married in Buffalo, N. Y., recently to F. F. Fargo, formerly City Clerk. The second husband is no relation of the other Fargo family. THE jobbers and wholesale dealers in glass and crockeryware met at Pittsburg, Pa., recently, for the purpose of forming a national association. Delegates were pres ent from New York, Boston, Philadelphia, Baltimore, Chicago, St. Louis, Minneapolis, Leavenworth, St. Joseph, Omaha, St. Paul, Davenport and Pittsburg. JOHN FISHER and Miss Butler were drowned while boating at Quincy, Mass. THE Pennsylvania Legislature finally passed a Congressional Apportionment bill giving the Republicans seventeen and Democrats eleven Congressmen. JAMES STEEN, for wife murder, has been sentenced to be hanged at Pittsburg, Pa. BERNARD PHILLIPS, a stock broker and a prominent politician, of Mauch Chunk, Pa., was arrested recently charged with the embezzlement of about $800 entrusted to him by J. P. Sutton, President of the

13. August 29, 1883 Daily Globe Saint Paul, MN
Article from Daily Globe, August 29, 1883

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The St. Albans Financial Difficulties. ST. ALBANS, Aug. 28.-Receiver Hendee, of the Vermont National bank, returned from Canada to-day. He said he had several conferences with the directors of the Southeastern, Montreal and Portland & Boston railway and also with Representative Chapman of the syndicate. He confirms the statement made by Barlow, to the effect that a New Jersey syndicate has agreed to buy the Southeastern railroad subject to certain conditions which he is now endeavoring to bring about. C. W. Riche, receiver of the St. Albans Transportation company states that he is convinced already that there are available assets sufficient to pay the depositors fully 30 per cent. of their claims. He is unable to form an opinion as to what may be realized hereafter from the effects now considered doubtful, but will attempt to form judgment respecting them as nearly as possible and communicate the same to the depositors with a detailed statement.

14. September 21, 1883 Daily Globe Saint Paul, MN
Article from Daily Globe, September 21, 1883

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# Negotiations Regarding the Southeastern Railway. Receiver Hendee, of the Vermont National bank of St. Albans, is in Montreal for the purpose of conferring with parties acting in the interest of the Canadian Pacific railway. In the event that the Canadian Pacific, Passumsic & Boston, Concord & Montreal railroads coming into possession of the Southeastern railroad property it may be necessary to secure the Montreal, Portland & Boston railroad, in order to complete their line and make desired connection between their respective termini at Montreal and West Farnham, a distance of thirty miles. This important link is owned by separate corporations, and has an incumbrance of $901,000 of first mortgage bonds, of which $501,000 is held as collateral security by the Vermont National bank on its loan of $31,000 to Bradley Brown. The Canadian Pacific and other roads interested in the line made an offer to Receiver Hendee for the purchase of the bonds in question, but at a lower figure than he will take. It is probable that a better offer will be made.

15. September 21, 1883 Burlington Weekly Free Press Burlington, VT
Article from Burlington Weekly Free Press, September 21, 1883

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Meeting of Bank Representatives -County Court. Several gentlemeu were in St. Albans, yesterday, on matters connected with the settle. ment of the affairs of the broken Vermont National bank. They represented parties holding the bonds of the Montreal, Portland and Boston Railroad other than those held by the bank, and also the capital stock of the bank. They were in consultation as to the best method of disposing of the bonds and as to their probable value. It is believed by these gentlemen that they are valuable and can be disposed of advantageously and without great delay. Receiver Hendee was pres. ent and represented the interests of the creditors of the bank and Receiver Rich the Trust company. The situation was thoroughly discussed and the conference was harmonious. The result of the meeting. it is believed and expected, will be to the advantage of creditors of the insolvent institutions. A case is now on trial in the county court involving quite a large amount. It IS Ira F. Dean vs. W. Shartuck, Josephus Boutel and H. R. Start. In 1876 Dean went into bankruptcy, but having a much larger amount of assets than liabilities it was suggested that three trustees be appointed who would take all Dean's property, consisting of stores, 'arms, notes, etc., and pay off his creditors. This proposition was accepted and the three defendants went to work and paid all the claims, handing the balance, some $18,000, to the plaintiff. Dean now seeks to avoid the contract upon the ground that he was non compos at the time it was made. The action IS to recover a balance of about $3000 held by defendants for their services and expenses in the matter. For the plaintiff appear W. D. Wilson, W. D. Stewart and H. S. Royce and for defendants Edson, Cross and Start and Col. Ormsby of Brandon. The grand jury have not yet reported, but 0 are still examining witnesses about the d Trust company matters.

16. November 21, 1883 Green-Mountain Freeman Montpelier, VT
Article from Green-Mountain Freeman, November 21, 1883

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SANDWITCHES HOW UNPLEASANT It is to see a beautiful child's face disfigured with vile humors bursting through the skin in pimples, blotches and sores, and sadder still. when the young and innocent are laughed at and twitted in all such cases, parents should give that good and pure remedy, Sulphur Bitters, which will search and drive out of the blood every particle of humor.] Health Gazette. A German dermatologist says thit baldness is catching. Judging from the way the boys crowd up to the blaze of bald craniums on the front benches at a variey show, they aren't much afrard of the disease. BRIGHT'S DISEASE, DIABETES. Beware of the stuff that pretends to cure these diseases or other serious kidney, Urinary or Liver diseases, as they only releive for a while and make you ten times worse afterwards, but rely solely On Hop Bitters, the only remedy that will surely and permanently cure you. It destroys and re-moves the cause of disease so effectually that it never returns. 47w2 A Missouri town which was visited by a cyclone last year has just been devastated by another. The inhabitants don't like this method of catching their second wind.-[Philadelphia Chronicle-Herald. "Five doctors; no end of medicine; no relief, Dr. Benson's skin cure has driven away all erup-tions and I'm nearly well." Ida M. Young, Hamilton Ill. 47w2 Harper's Weekly has a cartoon, on its last page, which represents "the skin of a human being tanned in Massachusetts" stretched upon an easel, Gov. Butler's familiar face and head being on top, and the cut is entitled-Tanned with his own Bark. Ladies in delicate health or feeble children nev-er fail to find relief by using Wheat Bitters. All druggists keep them. ST. ALBANS BANK AFFAIRS.-Some 1855 claims against the Trust Company had been presented and proven up to Tuesday night-leaving about 800 more to be proven. Receiver Rich has peti-tioned Chancellor Royce for an order directing him to disburse such sufficient sum as may be in his possession at a certain time to such depositors as have presented and proven their claims up to that time, and prescribing how such funds shall be distributed with reference to claims for which pref-erence is claimed. A hearing on this petition is set for December 4, at the court house. Receiver Hen-dee of the Vermont National bank, has lately had two offers-one of them a very fair offer-for the Montreal, Portland and Boston bonds held by the bank at the time of failure, but he declined both on the ground that they were not high enough. In our climate, with its sudden changes of tem-perature, it is no wonder that our children, friends and relatives are frequently taken from us by ne-glected colds; half the deaths resulting from this cause. A bottle of Dr. N. G. White's Pulmonary Elixir kept in the hosue for Immediate use, will prevent much sickness, and by the use of a few doses, save many doctors's bills. For sale every-where. 45ml Recollection is the only paradise from which we cannot be turned.-Richter. SOLID COMFORT. Nobody enjoys the nicest surroundings if in bad health. There are miserable people about to-day to whom a bottle of Parker's Ginger Tonic would

17. January 3, 1884 Savannah Morning News Savannah, GA
Article from Savannah Morning News, January 3, 1884

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FAILURES IN BUSINESS. An Opera- Manager at New Orleans Makes an Assignment. NEW ORLEANS, Jan. 2.-A. J. DeFosse, manager of a French opera troupe, in the Civil District Court to-day made a cession of the property to creditors. The assets, including costumes, music and furniture, are valued at $1,095. The liabilities, including salaries to various members of the troup and others, are $12,595. RUINED BY A MORTGAGE. FORT SMITH, ARK., Jan. 2.-James B. Harwood & Co., dealers in general merchandise, at Lavacca, in this county, made an assignment yesterday. Their liabilities are $12,000, and the nominal assets $20,000. They took mortgages on cotton crops and one of these mortgages caused their failure. AUGUSTA DRY GOODS DEALERS ASSIGN. AUGUSTA, GA., Jan. 2.-Landrum & Butler, dry goods dealers, have assigned to H. H. Hickman. The liabilities are $38,000, and the estimated assets, in stock, notes and accounts, $54,000. SETTLING WITH CREDITORS. ST. ALBANS. VT., Jan. 2.-The suspended Vermont National Bank began yesterday to pay its first dividend to depositors, amounting to 12 1/2 per cent.

18. January 3, 1884 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, January 3, 1884

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GENERAL NEWS. At the annual meeting of tha Lowell railroad yesterday, President Abbott and the old board of directors were elected. There was no other business transacted. The suspended Vermont National Bank at St. Albans began Tuesday paying the first dividend to depositors, amounting to 121 per cent. Hon. George W. McCrary of Iowa, United States judge of the Western circuit, has oeen appointed general counsel of the Atchison, Topeka and Santa Fe railroad and all its adjunct lines. Gen. Grant is rapidly recovering from the effects of his by ms late fall. As yet however he is unable to stand on the injured limb. Philip Kirby of Milford, Mass., was found dead in a door way with a gash in his head, early yesterday morning. An inquest will be held. John Demers, a young Frenchman, while drunk fell off the Eastern railroad bridge at Salmon Falls, N. H., a height of forty feet, receiving probably fatal injuries. The city government of Dover, N. H., was inaugurated yesterday. Mayor Lothrop's inaugural recommends many important improvements. The common council organized with John C. Pray as president. Rev. Francis Hawley, father of United States Senator Hawley, died in Hartford, Conn., yesterday, aged 81 years. Gov. Cleveland of New York yesterday nominated Amos J. Cummings, a well known New York jourralist, to succeed the late Geo, W. Lane upon the aqueduct commission. Schooner Lord Collingwood from Trieste, which arrived at New York yesterday, reports that on Jan. 1st when 45 miles southeast of Sandy Hook, Capt. Nicholson while heaving the lead fell overboard and was lost. Fifteen inches of snow fell in Barre, Vt., was B No. yesterday A W elevator 18th and it in Smith New still Brothers' York, falling last fell brewery night. 240 street. yesterday from the third floor to the sub-cellar, seriously injuring five persons. At the annual meeting of the New England Historical Society in Boston yesterday afternoon the old board of officers were reelected. President Marshall P. Wilder delivered his annual address. Charles B. Staples was arrested in Lakeville, Mass., yesterday on suspicion of causing the death of Patrick Carthius. A severe storm accompanied by snow raged in Buffalo, N. Y., nearly the whole of yesterday and the wind was blowing 45 or 50 miles per hour. A New Orleans despatch says A. J. Defossez, manager of the French opera troupe, yesterday made a cession of the reperty to cr. ditors. The assets are valued at $1,095 and liabilities $72,595. The Mexiean government has declared forfeited the concession made to Gen. Graut for a submarine cable connecting Mexico with the United States and Central America, for nonfulfilment of the terms of the concession.

19. January 3, 1884 New-York Tribune New York, NY
Article from New-York Tribune, January 3, 1884

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DIVIDEND FROM A BROKEN BANK. ST. ALBANS, Vt., Jan. 2.-The suspended Vermont National Bank began yesterday to pay its first dividend to depositors, amounting to 121g per cent.

20. January 3, 1884 Daily Republican Wilmington, DE
Article from Daily Republican, January 3, 1884

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Hank and Business Failures. The suspended Vermont National Bank at St. Albans began on Tuesday to pay its first dividend to depositors of 121/4 per cent. Landum & Brother, dry doods merchauts of Augusta, Georgia, have made an assignment. Liabilities, $38,000 estimated assets, $54,000. C. E. M. Savage & Sons, dealers in general merchandise, at Miles City, Montana, have made an assignment. Their liabilities and assets are estimated each at about $90,000. Clark &Maldauer, wholesale dealers in furnishing goods at Kansas City, Missouri, made an assignment yester day.

21. January 4, 1884 Burlington Weekly Free Press Burlington, VT
Article from Burlington Weekly Free Press, January 4, 1884

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A Vermont National Bank Dividend. ST. ALBANS, Vt., Jan. 2.-The suspended Vermont National bank began yesterday to pay its first dividend to the depositors, amounting to 12, per cent.

22. January 10, 1884 St. Johnsbury Caledonian Saint Johnsbury, VT
Article from St. Johnsbury Caledonian, January 10, 1884

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Vermont News. White River Junction has a new $10,000 school-house. Satnuel Lawrence fell and broke two of his ribs while at work at Johonnott's tannery, in Montpelier. Mr. and Mrs. Geo. W. Newcomb of Westminister celebrated the sixtieth anniversary of their marriage, Jan. 1st. The First national bank at Montpelier paid a 5 per cent dividend the 1st, and will pay a 20 per cent surpius dividend March 1. The state has 2874 manufacturing establishments, which employ 17,540 hands. Windsor county has the largest number. The first dividend from the suspended St. Albans Vermont National bank to the amount of 12½ per cent.-is now being paid to depositors. Rutland banks have declared these dividends: Baxter national, 3½ per cent; Rutland county national, 3 per cent; State trust company, 3 per cent; Rutland savings, 2½ per cent. All of Roger Hovey's buildings at Worcester, including house, barns, sheds, etc., were burned recently. Insurance $1400, which only partially covers the loss. Mrs. Nancy Thompson, wife of Hosea Wright of Essex, died recently from a dose of corrosive sublimate. She had been in poor health, and was possibly temporarily insane. Howard and Leavitt's loss by the recent fire at Craftsbury will reach nearly $14,000, with an insurance of $6000. C. Jarvis Hurd of Sandgate caught a pair of Green Mountain eagles recently in a big steel trap. The male measured 7 feet 7 inches from tip to tip, and Barnum has offered $75 for it. The female measured 6 feet and is dead. A fire broke out in the Merchants' Exchange block at Rutland on the 3d, occupied by Edson, groceries; Kathan, groceries; Moore, stoves and tin ware; Richardson, Rutland standard porter silver plater; Dalrymple, dentist, and Cramm, a tenant. Edson is the heaviest loser, about $2000; insured. The fire caught from a stove in his store. Upon the arrival of Abbey's Uncle Tom's Cabin, at Windsor, the four large blood hounds were chained up in the Windsor house barn. A short time afterwards two of them broke loose and together attacked another, biting, chewing and mangling him so severely, before they could be taken off, that he died within a few hours. AT MONTPELIER At Montpelier, Julian Estes made an assault on E. R. Skinner, by entering Mr. Skinner's house and threatening to shoot him and to blow up his gas manufactory. Estes wanted Skinner to give him $25, and also asked for employment in the gas house, which Mr. Skinner refused, whereupon Estes began to fight. Deputy Sheriff Tuttle was called and Estes was locked up. He has been connected with several murderous affrays, and is considered a dangerous fellow.

23. June 25, 1884 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, June 25, 1884

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Brief Jottings. Pleasant yesterday morning, with strong cool southwest wind in the afternoon. Mercury 67° at 7 a. m., 72° at noon, 69° at sunset. Mr. W. H. Jerris, the real estate agent, is very ill. Entries for the Fourth of July lawn tennis tournament will close next Saturday. The Cumberland County Republican Convention will be held in this city August 6th. Forest City, Sons of Temperance, will give an entertainment at Carlton Hall tonight. The public school teachers will be paid Thursday of this week instead of Friday. Mr. and Mrs. George H. Quincy of Boston, are stopping at Mr. Prentiss Loring's cottage in Cape Elizabeth. The United States Senate yesterday, confirmed the naval appointment of Ensign Harold H. Eames of Maine. George D. Lord of Limington, took the third prize of $30, for speaking at Dartmouth College, Monday. Among the other speakers was Thomas Leigh of Hallowell. Testimony is now being taken in Boston in the suit of Richardson & Dennie against the Shaw Bros., and Ferdinand A. Wyman, trustee, involving some $30,000. Hon. Henry B. Cleaves and Hon. C. F. Libby of Portland, are in attendanc. Messrs. Hodgdon Bros. received yesterday seventy crates of superb strawberries. Some of them were of extraordinary size, and all were in excellent condition. We are now in the height of the season for this fine fruit, which is this year abundant and cheap. Among the graduates this year at the Medical Department of the University of Vermont are the following from Maine: Jamer Ashley, Bangor, Charles Fremont Brock, George William Curtis, Albert Parsons Heald, Chas. Foster Hilton, Vesley M. Newcomb, George G. Richardson, George E. Sanborn, Alfred R. Taney, Louis H. White. When the Canadian Pacific had the stock of the Montreal, Portland and Boston sold by the sheriff recently, they were greatly astonished to see a man bid it off and pay for it whom they did not suspect of having the means. He was acting for the creditors of the Vermont National Bank at St. Albans, which holds a majority of the bonds of the road. The result is that if the Canadian Pacific wants the road it will have to buy it of the receivers of the bank, and there are rumors that such a transaction is likely to soon occur. The Hon. Hannibal Hamlin was among the guests at Cambridge Class Day. He was as frisky as a Sophomore, and enjoyed the fun immensely.-Boston Saturday Evening Gazette.

24. March 27, 1885 The Middlebury Register and Addison County Journal Middlebury, VT
Article from The Middlebury Register and Addison County Journal, March 27, 1885

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the till years. his from Daniel Verder. at from 1853 in retirement land. died He ran a bakery active business the has currency the declared of the the 1872. The comptroller a dividend Vermont of of 20 per National second cent to bank diviof creditors St. Albans. The first This was is 121-2 of Royaltingtantly per cent. owndend. Oscar H. Stoughton of last was Before week. the bemachinery er of the on Wednesday in a belt. Mr. StoughHis dead. killed coming entangled could be stopped body was terribly was mangled. ton Willard was Wood. wood 23 years sawing when, of in machine in age. helping in Jericho helping move the about a large other a stick saw. day. which his foot cut time its came before way of to with the It was some as the flow blood Dental contact into doctor the ankle. could been be got stopped. and. he died. on a had not association Friday chose The State at Burlington of Manchester St. officers H. Swift Warner of H. Wright Rutland vice-presid Presidential these G. and W. R. Mound W. of of BranJohnsbury T. of Burlington of BurJames C. F. Randolph treasurer, don: executive committee. Curtis Lewis of West Lewis Falls. W. D. of Bellows on fatal accident and J. P. occurred lington. A Parker Lake Champian railroad, the saloon St. car were Meigs. the Saturday Johnsbury thrown night. and from conductor A freight a )-foot next was injured trestle mornand that a he widow and a injured. so severely Harry He died two workman child- Both lived in on the road. St. Johnsbury. ren. ing. Ellery was severely The cars were writes totally Marshfield demolishe@crespondent were diggingorkmen for boots the When A Hatch Bros. their mill, the with foundation of skeleton. the least persons decomfound a was not in numerous noison. posed. which seen Since ghosts parts then and of heard the strange mill. but some Who who have in different is unknowallain, es this skeleton be was one William some years ago. think it to disappeared party of woodchop- discovered suddenly few days since a mountain toward A on Ascutney lynx leading fresh tracks the pers Brownsville. tracks and of John The a next Lacy, day Eugene followed Rob- the the appeared. Will rocks trail to a cave appearances inson "Gulf" and in Weathers annimal. Sturtevant in the was but a measure- near failed family to to capture in it was his den. thought the as found tracks that about there varying the in entrance Benethe ment It rocks. is were announced ready for that the of the press Col. part G. the G. taken first the vol- Un- by diet ume has of his history in the war for forthwith. will be put volume of ion will make an pages and than five ..Old Col. It Vermont and to it the hundred soldiers octavo Brigade," which in type exclusively. will be Bene- more and devoted second volume, nearly completed. will be dehas now equal size. which will other with the diet from voted which The this to the State, be of beginning legiments the United States went cavalry. A special session at Brattleboro of of Tuesday. Daniel was held heard was that ruined First H. The only of against Roberts, court case receiver of St. MeGregor's the esnational administrator bank of was a bill made in equi- 10 H. Hill, of Albany, which a conveyance to the tate to set aside collateral belonging of a large the in the bank. ty McGregor to secure of McGregor payment had by the receiver, bank, deposit which as s claimed insolvent. bank and at a time. bank was hopelessly for the and Daniel C. Adams for of the and of Albany his Judge comes from J. when P. Henry Ladd the Wheeler Roberts reserved appeared St. decision. Rev. Albans defendant. Mirror, I. P. The following of the Christian that it be Warren. editor Me., with a request that among the in the name of published: Portland. settlers It is known Vermont were Timothy many Stan- or early Connectic from of John. All perfrom descended of Hartford. by birth or ley, Stanley with these wledge of or are and such families, their preparing marriage. Thomas furnish sons connected me with who will have respectfully aid any names in births, invited mar- such to a facts and genealogy. data as all Besides biographica busi- and Stanley and deaths. items respecting that dehistorical riages, ness enliven and matter, estates. and enrich and the anecdotes work, are train will sired. Central Vermont passeDemptying express who the On other a day were deal two of time them seemed devoted a good firewater. One other. of and his bottle of fuller than the with liquor else companion a little became kept plying crazy him drunk. disturdance He was of until demonstrative he to the he would have Rox others not in the car. put off platford but near of the been promptly went out on the from the train. supbury he suddenly jumped was notified. and jumping ear and Murray be hurt in would knowing that sent a a the be along Roxbury to of harm's way. Conductor posing and from the soon, man he would out freight look hand-car after train a parti- crew fel- He back low and get him due time, not hurt but lying was found in from the train. the freight le by his the track that was found o close to leap by before seriously he if injured and he ad come have been His compan- he would killed outright. conductor that If not ad been dynamite. the of lively possibly on explained giving to him the dynamite." material with and

25. July 16, 1885 St. Johnsbury Caledonian Saint Johnsbury, VT
Article from St. Johnsbury Caledonian, July 16, 1885

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# The Bad Barlow. The Burlington Free press says that a meeting of bank officials was held in that city on Friday as a result of the commotion created by the comptroller's recent instructions to Receiver Hendee to bring suits against delinquent stockholders of the Vermont National Bank of St. Albans. The institutions interested are the National banks of St. Johnsbury, Passumpsic savings bank, National bank of Vergennes, the First National bank of Brandon, the National bank of Middlebury, and the Bellows Falls savings institution. The banks, upon receiving notice of the action of the comptroller of currency, exhibited a strong tendency to resist the collection of the assessment, and this meeting was held to decide the question whether such resistance should be made. Among those present were Hon. L. P. Poland, of the First National, of St. Johnsbury; W. S. Streeter, of the Merchants National of St. Johnsbury; A. A. Fletcher, of the National of Middlebury; C. T. Sprague, of the First National of Brandon, and George I. Briggs, of the First National of Brandon; Hon. Stewart L. Woodford of Brooklyn, attorney for the banks, was also present at the conference, which was held in one of the back parlors of the Van Ness House. As would naturally be expected, great reticence was maintained by the members of the conference at its conclusion as to what action had been taken, but it leaked out that it had been determined to resist the enforcement of the assessment. It will be remembered that the stock held by these banks was transferred to them by Bradley Barlow as collateral security for the loans effected by him to carry on his Canadian railroad enterprise. The stock is held as follows: St. Albans Trust company, 350 shares; First National bank, St. Johnsbury, 300 shares; Merchants National, St. Johnsbury, 200 shares; National bank of Vergennes, First National of Brandon, National bank of Middlebury, Baxter National of Rutland and the Bellows Falls Savings Institution, 100 shares each; Passumpsic Savings bank, St. Johnsbury, 150 shares. The estate of Horace Stewart holds 200 shares as collateral security for money loaned, but it is claimed the transfer of these shares was never perfected, and that the estate is not liable for any assessments levied. A. O. Brainerd also holds 150 shares of stock. The above named banks and individuals, including the Stewart estate, hold 1830 shares out of a total of 2000 shares of stock, the balance, consisting of 170 shares, being held by several parties in small blocks.