19295. Farmers & Mechanics Bank (Pittsburg, PA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 13, 1888
Location
Pittsburg, Pennsylvania (40.441, -79.996)

Metadata

Model
gpt-5-mini
Short Digest
510e3d2b

Response Measures

None

Description

The Farmers & Mechanics Bank (Pittsburg, PA) suspended mid-October 1888 (closed Oct. 13 reported). Subsequent reporting documents a large deficit/defalcation (~$200–$250k) by cashier H. F. Voight, arrests, assignees/receivers handling distribution, and permanent failure (bank remains defunct). No contemporaneous run is described; failure driven by bank-specific embezzlement/adverse info. OCR in some clippings uses 'Pittsburg' spelling and occasional typos (e.g., 'Farmers' and 'Mechanics' / 'Farmers & Mechanics').

Events (3)

1. October 13, 1888 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Large unexplained shortage/defalcation later reported (~$200,000–$250,000) attributed to cashier H. F. Voight; books showed discrepancies and misappropriation of funds.
Newspaper Excerpt
Bank Closed. PITTSBURG, Oct. 13.-The Farmers' and Mechanics' bank, of the South side, closed its doors this morning.
Source
newspapers
2. October 16, 1888 Other
Newspaper Excerpt
Somebody Has Get Away with $200,000 of a Pittsburg Bank's Funds. ... The most sensational phase of the Farmers' and Mechanics' Bank suspension is very likely to crystalize soon in at least one person's arrest for misappropriation of the bank's funds.
Source
newspapers
3. * Receivership
Newspaper Excerpt
The assignees of the defunct Farmers and Mechanics' Bank, on the Southside, will begin to-day to pay the first installment of the final assets to the depositors.
Source
newspapers

Newspaper Articles (18)

Article from Omaha Daily Bee, October 14, 1888

Click image to open full size in new tab

Article Text

Bank Closed. PITTSBURG, Oct. 13.-The Farmers' and Mechanics' bank, of the South side, closed its doors this morning. The cause of the suspension is not known. The bank had a capital stock of $130,000. The announcement of the failure caused very little excitement in financial eircles. It was a small concern and the failure has no significance. Prominent financiers say the bank has been in a shaky condition for over a year. One official of the bank says there is something wrong with the books, but refused to say whether or no there had been a defalcation. WALPOLE, Mass., Oct. 13.-The Norton manufacturing company, manufacturers of ginghams, cheviots and seersuckers, are reported financially embarrasad. The company was incorporated in February, 1888, with authorized capital of $60,000. The company did considerable business, but were hampered for want of working capital. There are barely forty attachments against the company, aggregating $20,000.


Article from Evening Star, October 16, 1888

Click image to open full size in new tab

Article Text

THERE IS A BIG SHORTAGE. Somebody Has Get Away with $200,000 of a Pittsburg Bank's Funds. PITTSBURG, Oct. 16.-The most sensational phase of the Farmers' and Mechanics' Bank suspension is very likely to crystalize soon in at least one person's arrest for misappropriation of the bank's funds. Nobody doubts now that a large amount of money remains to be accounted for. It may not be quite $216,000, but it is not far from it. The deficit in the funds may prove to be even larger. The depositors, even If the shortage is as much as $200,000, are amply secured, and it is not probable they will lose a cent. The probability of an arrest and serious charges are freely discussed in certain circles. A wellknown stockholder urged upon the directors yesterday the necessity for immediate action. The wisdom of such a move was discussed, but it was decided to take no immediate action, so as to preclude the possibility of making a mistake in the man.


Article from The Salt Lake Herald, October 17, 1888

Click image to open full size in new tab

Article Text

[The Suspended Banke PITTSBARG, October 16. - The most sensational phase of the Farmers' & Mechanics' Bank suspension is very likely to crystalize soon in at least one person's arrest for the misappropriation of the bank's funds. Nobody doubts but a large amount of monev is to be accounted for, probably $215,000; possibly more. CHICAGO, October 16,-The receiver of the Traders' Bank made a partial report to the court this morning. The assets are shown to be $901,630; liabilities $896 888. This 18 exclusive of $636,000 in bills receivable and $45,000 in checks which bear the endorsement of the bank, and which should go into its liabilities. Rutter's indebtednees to the bank is $153 303. Among the assets is a note for $15,000 made by Cashier Tallman, and an overdraft for $18,000 in the name of a man acting as agent for an unknown principal. A number of strange discrepancies are found in the accounts.


Article from The Daily Times, October 17, 1888

Click image to open full size in new tab

Article Text

BRIEF TELEGRAMS. WASHINGTON, October 16.-The surplus in the Treasury to-day at the close of business was $73,386,756, against $88,000,000 last Saturday, a decrease within the past two days of $15,000,000. DULUTH, MINN., October 16.-The oil works of the Standard Oil Company at this place are burning, and will be a total loss, which will probably amount to half a million dollars. YPSTLANTI, MICH., October -About 8 o'clock this morning the boiler To the Lowell Paper Mill exploded with great force, completely wrecking the building and instantly killing Engineer Jacob Slawson Frank Cilcooley, another employe, was fatally injured. Loss about $35,000. SHAMOKIN, PA., October 16. .--The Mineral Road and Mining Company's Connon colliery was burned to the ground this morning. Three hundred slate-pick ers in the breaker were rescued uninjured. Five miners were severely but not dangerously injured by falling machinery and timbers. The loss is estimated at $85,000; insurance, $40,000. The colliery employed over 700 men and boys, and was the largest in central Pennsylvania. COLUMBUS, O., October 10 - About 500 delegates to the fifth annual International Convention of the Brotherhood of Railway Brakemen which convened here to. day, had arrived last night. The organization now numbers about 20,000 men. The most important question that the convention will be asked 10 consider is the proposition for a federation of the interests of all the railway societies. PITTSBURG, PA., October 16. - The most sensational phase of the Farmers and Mechanics Bank's suspension is very likely to come out soon in the arrest of at least one person for the misappropriation of the bank's funds. Nobody doubts now that a large amount of money remains to be accounted for. It may not be quite $216,000, but it is not far from it, and it may be more. The depositors will probably not lose a cent.


Article from The Daily Morning Astorian, October 17, 1888

Click image to open full size in new tab

Article Text

LAST NIGHT'S SPECIALS. General News From Various Quarters. NEW ALBANY, Oct. 16.-Mr. Blaine and party have left for LaFayette. There will probably be brief speech making at the principal points en route. Blaine speaks at Lafayette on Wednesday. WILL CONSIDER IT TO-DAY. WASHINGTON, Oct. 16.-The house, by a vote of 23 to 21, has postponed consideration of the adjournment resolution until to-morrow. AT FORT WAYNE TO-DAY. INDIANAPOLIS, October 16.-Judge Thurman goes this afternoon to Fort Wayne, where he will speak to-morrow. A CRISIS THREATENED. MADRID, Oct. 16.-A ministerial crisis 18 threatened over the question of army reform. GONE TO NAPLES. ROME, Oct. 16.-Emperor William and King Humbert have gone to Naples. THE YELLOW FEVER. DECATUR, Ala., Oct. 16.-Three new cases of yellow fever; no deaths. FATAL RAILROAD ACCIDENT. MAUCH CHUNK, Penn., Oct. 16.-By an accident on the Lehigh Valley road this morning six persons were killed and twenty wounded. A Pennsylvania freight train ran into a Lehigh Valley gravel train, which was unloading ties at Towanda siding, on the Pottsville branch, when the fast Pennsylvania freight dashed into the construction cars, where forty Hungarians were at work unloading ties. Six were killed and twenty-six wounded. The brakeman of the Pennsylvania train was also killed. Twenty freight cars were wrecked. It is feared that many of the wounded, who had to wait three hours before help came, will die. The names of but four of d the dead have been ascertained, as follows: Joseph Lovensky, Mike Cathlicki, Ludwig Pike, John Levenki. The other dead went by numbers. S STILL UNSETTLED. e CHICAGO, Oct. 16.-After a session which protracted into the morning hours, last night's meeting of the e north side street car conductors and e drivers decided to send a committee to president Yerkes to-day to learn precisely what his interpretation of d the agreement is. Cars are still running, but it is believed that unless e further concessions are made another strike will result. S a CROOKED WORK PROBABLE. PITTSBURG, Oct. 16.-The most sensational phase of the Farmers' and n Mechanics' bank suspension is very likely to crystalize soon. At least one person's arrest will be caused for b misappropriation of the bank's funds. Nobody doubts but that there is a large amount of money to be accounted for-probably $215,000, pose sibly more. JOHN WENTWORTH DEAD. CHICAGO, Oct. 16.-Hon. Jno. Wentt worth, better known as "Long John," died this morning. Mr. Wentworth was one of Chicago's oldest citizens. He was once mayor of the city, congressman, and editor of the principal daily papers here. He was a man of giant frame and nearly seven feet in


Article from Wood County Reporter, October 18, 1888

Click image to open full size in new tab

Article Text

ELECTRIC SPARKS Fires And Casualties. THERE are thirteen cases of small pox at Belleville, Ill. THE Farmers' and Mechanics' Bank of Pittsburg, Pa., has suspended. THE firm of Zimmerman & Co., cloak manufacturers of Chicago, have failed for $150,000; assets about the same. SCHUNEMAN'S packing house and butterine factory, south of Chicago was destroyed by fire; loss about $125,000. Fifty head of cattle were roasted in the flames. BY the falling of a platform filled with people at a public display of fire-works at Quincy, Ill., many persons were badly hurt. A FEARFUL collision near Pattsville, Pa., occurred on the Lehigh Valley Road at Mud Run on Wednesday, in which 80 persons are reported killed and a large number injured. A CONFLAGRATION in the Standard Oil Company's property at Green Point, Long Island, consumed buildings, vessels, oil and machinery valued at upward of $200,000. Several firemen were injured. A FREIGHT and passenger train collided OD the Cleveland, Lorain and Wheeling road, near Massillon, Ohio, fatally injuring a brakeman and passenger. Several others were reported injured. Loss to company about $30,000. THE village of Valentine, Neb., has lost its principal business block by fire. The freight house of the Vandalia Railroad at East St. Louis, together with other property, was destroyed last night; loss, $60,000. SHORTLY before 8 o'clock last Friday morning, in a fog off the banks of Newfoundland, the National Line steamer Queen, ran into a fishing schooner, cutting her elean in two. The vessel sank immediately. Only three of the twentythree men aboard were saved.


Article from Delaware Gazette and State Journal, October 18, 1888

Click image to open full size in new tab

Article Text

THEFT SUSPECTED. The Pittsburg Bank SuspensionAn Arrest likely to be Made. PITTSBURG, PA., Oct. 16.-The most sensational phase of the Farmers' and Mechanics' Bank suspension is very likely to crystallize soon, at least in one person's arrest for misappropriation of the bank's funds. No. body doubts now that a large amount of money remains to be accounted for. It may not be quite $216,000 but It is not far from It. The deficit in the funds may prove to be even larger. The depositors, even if the shortage is as much as $200,000, are amply secured;and it 18 not probable they will lose 11, cent. The probability of an arrest and serious charges are freely discussed in certain circles. A well-known stockholder urged upon the directors yesterday the necessity for immediate action. The wisdom of such a move was discussed, but it was decided to take no immediateacti on, so as to preclude the possibility of making a mistake in the men.


Article from The United Opinion, October 19, 1888

Click image to open full size in new tab

Article Text

Wednesday, Oct. 17. The Standard Oil works at Duluth, Minn., were burned yesterday. John Wentworth ("Long John") died at Chicago yesterday morning. Jack Magee, the East Boston middle-weig ht, intends removing to Norwich. The Chicago council has passed an ordinance fixing telephone charges. Joe Joiner, a negro, was lynched at Hulton, near Taylor, Tex., Monday. Telegraph companies will not accept Canadian or mutilated coin hereafter. The receiver of the Traders' Bank, Chicago, reports queer transactions discovered. The Santa Fe road has reduced the working honrs in all mechanical departments. Secretary Whitney is quoted as expressing confidence in our ability to whip England. It is understood that a second mortgage for $10,000,000 will be issued by the Atchison road. All the primary schools in Brunswick, Me., were closed yesterday on account of diphtheria. The demonstration by the Republic n league of Massachuseets will be made on Nov. 1. There are rumors of a defalcation in the suspended Farmers and Mechanics' bank of Pittsburg. Lewis Edwards, colored, an alleged mur-


Article from Press and Daily Dakotaian, October 19, 1888

Click image to open full size in new tab

Article Text

A. Sensational Phase. PITTSBURG, Pa., Oct. 18.-The most sensational phase of the Farmers' and Mechanics' bank suspension is likely to crystalize soon in at least one person's arrest for misappropriation of the bank's funds. Nobody doubts now that a large amount of money remains to be accounted for. It may not be quite $216,000, but it is not far from it. Depositors are now hopeful of recovering their money.


Article from Mineral Point Tribune, October 25, 1888

Click image to open full size in new tab

Article Text

ELECTRIC SPARKS Fires And Casualties. THE Farmers' and Mechanics' Bank of Pittsburg, Pa., has suspended. Two THOUSAND miners at the Conola minee, near Birmingham, Ala., are on a strike against a reduction of wages. A MASS of rock and earth caved in upon and, crashed a portion of a railroad train that was passing through the tunnel near West Point, N. Y., this morning. No lives were lost. ONE man was killed and a large number injured in a collision on the Cumberland Valley railroad, near Shippensburg, Pa. FIRE at Hanover, III., destroyed $20, 000 worth of buildings and goods in the business part of town. Insurance $2,000. THE schedule of the insolvant cloak manufacturing firm of Seligman Bros. & Co., of New York, show $35,621 assets, and $247,282 liabilities. THE village of Valentine, Neb., has lost its principal business block by fire. The freight house of the Vandalia Railroad at East St. Louis, together with other prop. erty, was destroyed last night; loss, $60,000.


Article from Evening Capital, January 19, 1889

Click image to open full size in new tab

Article Text

VOIGHT'S VILLAINY. It Is Said That He Wa 00,000 of Other People's Money. A PITTSBURG SENSATION. The Ex-Cashier of the Farmers and Mechanies' Bank of That City Arrested for Defalcation-No One Knows How He Squandered the Cash. PITTSBURG, Jan. 19.-The financiers of this town were startled on reading of the arrest of ex-Cashier H. F. Voight, of the Farmers and Mechanics' bank, for the defalcation of funds aggregating $200,000. Voight was arrested by a constable of the south side. The constable found the ex-cashier at his home on Mount Oliver, and immediately escorted him to Aiderman Schafer's office. After a brief hearing he was committed to jail in default of $40,000 bail to await examination. Four charges were preferred against him by the assignees of the defunct Farmers' and Mechanics' bank, as follows: Altering the books of a corporation, embezziement of the funds of the institution, making false entries and perjury in swearing that faise accounts were correct. He was held in the sum of $10,000 on each charge. In September last the bank failed, with a total deficit of over $250,000. That such a deficit existed was unknown to the stockholders or officers of the institution until shortly before the suspension. This intelligence created a profound sensation at the time, but the public was told that there were accounts and other available assetsenough tc almost reimburse depositors and stockholders. The facts appear to be, however, that not more than $50,000 of the deficit can be realized, and the officers of the bank now admit that Voight's shortage will reach the sum of $200,000. It was in April of last year that Mr. Voight was requested to resign. Not that any crookeduess was suspected, but because he was deemed too light for the growing business of the institution, which, by the way, was founded on a state charter. A young man named Berg was selected to fill the vacancy. Shortly after this J. H. Sorg, president of the institution, invited H. Sellers McKee and other capitalists to reorganize the institution and merge it into a national bank. These capitalists viewed the proposition favorably and decided to take control, but first asked for a statement. Mr. Berg commenced upon the work, and in September last announced the deficit to the astonishment of all the officers. From that time to the present experts have been working on the books, and although it has been known for some days that Voight was responsible for the deficit, he has been given opportunity to make restitution, but he has not the money and his friends could not or would not raise it. It is not known at this time how the money was wasted. He was interested in a small way in the Independent Glass company with a man named Ward, and this concern was charged with some $40,000 in loans, but the balance of the money is as yet not accounted for. It is believed by some that Voight was caught in the same wheat deal which ruined the Fidelity bank of Cincinnati. Voight was seen at the jail at midnight to-night by your correspondent, but he refused absolutely to make any statement. He seems completely prostrated. For years Voight has been held in high esteem, particularly by the German element, and even after the failure a great many people held him innocent.


Article from The Worthington Advance, January 24, 1889

Click image to open full size in new tab

Article Text

THE EAST. CHARLES KING, of Danvers, Mass., celebrated his one hundred and eighth birthday on the 16th. He has six hundred descendants living. T. V. POWDERLY denounced Barry in Pittsburgh on the 16th as an Anarchist, and said it was for that reason he was expelled from the Knights of Labor. WITHOUT any known cause Mrs. John Greer, wife of a lumberman at Sunshine, Pa., killed her babe and then committed suicide on the 16th, using a revolver. ON the 16th Nicholas Seidel died in Alsace township, Pa., aged eighty years. When twenty-two years old deceased became violently insane, and for a period of fifty-five years he was chained fast in his room, his friends refusing to send him to an asylum. IN a fire in a house at Pittsburgh, Pa., on the 16th, Mrs. Arthur Roddey was burned to death and her child seriously injured. DEALERS in washboard3, clothespins and similar articles of domestic use formed a trust in New York on the 17th. ON the 17th Mrs. Clarissa Cox died at Wakefield, Mass., aged one hundred and one years three months and eleven days. ON the 17th H. F. Voight, former cashier of the Farmers and Mechanics' Bank of Pittsburgh, Pa., which failed in September with liabilities of $250.000, was arrested on the charge of embezzling $200,000. CHARLES AUSTIN, book-keeper for Bussey & McLeod, stove founders at Troy, N. Y., for twenty years, disappeared on the 18th, taking with him $10,000 or more of the firm's money. THE cigar-makers in forty factories in New York City, over one thousand in number, struck on the 18th against a reduction in wages. AT Shamokin, Pa., the Corbin and Excelsior collieries, employing fifteen hundred persons, suspended operations indefinitely on the 18th owing to the dullness of the coal trade caused by unseasonable weather. THE British bark Sibel, with a crew of twenty men, which left New York June 15 for Bangor with a cargo of oil, was on the 18th given up for lost. ON the 19th a shortage of $70,000 was discovered in the accounts of the late Henry P. Marshall, who was for twenty years cashier of the Seaman's Bank for Savings in New York.


Article from Grant County Herald, January 24, 1889

Click image to open full size in new tab

Article Text

bus Territorial bill was passed substitute for the Senate measure by party vote of pus out, 1031 'sAuu :801 South Dakota, Washington and Montana Ter ritories. Thirty private pensign bills were session Sujueso em 10 pessed DOMESTIC. THE National Dairy Fair Association of 18 4791 1he uo organized SUM America Springtield, III. The purpose of the incorArtig 10 exhibitions DATE 07 SI D products. GILA BENITA, a cowboy in Montana, while 1314 the uo Indian Appach UB SU pessorp attacked a party of Mexican herders, killing five and wounding one. AT Marietta, U., William Weitzel, aged sixteen years, shot George Farnsworth on the 15th, killing him instantly GEORGE MEADOWS, the negro who re. cently assaulted Mrs. Kellam near Pratt 041 uo qour 8 sq peSueq SEM Ala Minos, 1514 MRS. EMMA THOMPSON brought suit in Cincinnati on the 15th for divorce, charg ing that her husband, John I. Thompson, had wives living in six different cities. J J. CLARK and Mrs. M. J. Wright, clairvoyants, were arrested in New Haven, MBI blue PIO uu Jepun 4391 the uo which provides for the punishment of fortune-tellers. WILLIAM WENTZEL shot and killed Frank Farnsworth on the 15th at Marietta, O., while the two were playing White Caps. B pournq 1514 the tto Mara V factory in New York, and three girls lost their lives in the flames. WILLIAM HODGES, a young boy living near Atlanta, Ga., committed suicide on up steep 01 p101 SEM life because 4721 en the kitchen. MRS. ARTHUR RODDEY was burned to B an poan(u) her puu d fire in a small dwelling at Pittsburgh, Pa., 1664 out uo HARRISON DAWLEY, of Rochester, III., December Sop a B sq bitten SEM oqm 3, died on the 16th of hydrophobia. MRS. COURTNEY, living near Hale's Springs, Tenn., went to church on the 16th, first locking up her two children in the house. Upon her return she found both her little ones dead, their clothes having ignited from the place. IN Pittsburgh on the 16th T. V. Powderly denounced Barry as an Anarchist, and XO SUAL ou reason that 101 SEM # pies pelled from the Knights of Labo MRS. JOHN GREER, wife of a lumberman at Sunshine, Pa., killed her babe and Sujen 1974. the uo subject committed then out 40J имоия SUM osneo No 8 deed. 140 that 4791 the uo SEM 11 puq "puI 18 Kanf ривля found indictments against thirty five persons for violation of the election law u! 4191 eye uo pepp Alsace township, Pa., aged eighty years. When twenty-two years old deceased be10 pojed e aoj pus came siq up 188J SEM 04 Areas every KIJU 07 mill puos 07 refusits spuers his "moor unitsu us AN old man, rudely clad and with unkept hair and beard, who gave his name as A. Squires, went into the Philadelphia on claim his релола puu 4391 the uo quiut at there SEAL that plos up $2.200 1855. SUM ese JO Fords not NVW V captured while running wild near James town, Ky., on the 16th. He lived on roots, siq 1101 you could pue bothing puu sinu name AN unknown man, assisted by a little 001 JO teller the thicked 11118 10.8 pue 4191 1he 110 "end "Iⁿᴴ 18 Bank 009'2$ 4714 AUMB IT was announced on the 16th that the IV 18 [ Chinese B 10 and peq Francisco use mo.r "Bg 'Sueq cipitated a genuine war of races, with the negro women on the one side and the terrified Chinaman on the other. HUTTON PARK, at West Orange, N. J., was Products our 000'1218 JOJ 1044 our uo PIO8 was originally purchased from the Indithere 'sunD OM1 JOJ 1291 'gI Marroh sue coats and thirteen cans of rum. WILLIAM JAMES, a farmer living four miles east of Somerset, Ky., struck a stream of pure petroleum on the 16th. SEVERAL citizens of Wabash, Ind,, re ceived notices on the 17th from White Caps stating that unless they mended their ways they would be whipped. THE dealers in washboards, clothespins and similar articles of domestic use formed a trust in New York on the 17th. A BOY named Chandler was caught in the machinery of a cigarette factory at Lynchburg, Va., on the 17th and crushed dealh 07 ALL the miners at Bromwell, W. Va, and in the immediate section, over four thousand in number, went out on a strike Include JOAO SUM thouble 140 4721 the uo cars. MOONSHINERS were causing much trouble Charlotte 30 Atentity our ut 4721 the uo ON AT Sioux City, Ia., Mrs. C. A. Ralph, an English woman, rose from the dinner deed berson the pue 4721 the uo table H. F. VOIGHT, former cashier of the Farmers and Mechanics' Bank of Pitts burgh, Pa, which failed in September with liabilities of $250,000, was arrested e JO charge the uo 421 140 uo 0000002$ EORGE HACKER, an Indianapolis Anarchist who stabbed his employer, James Bruce, because the latter expressed gratification at the election of General Har-inoj 01 4721 the uo servenced SEAL teen years in the penitentiary AT the death on the 17th of William -sip SEM 91 'Roqsmen Louis 78 e Reane's covered that he had amassed a fortune of $18,050, the largest portion of which was invested in bonds and securities. June p.1 cithts pun porpuny euo and versary of Benjamin Franklin's natal day was fittingly observed in various places on the 17th by typographical societies. ADAM BERKELS, of Hillsboro, O., brought suit on the 17th for damages against sixteen citizens of Brown County for an assault committed upon him in their capacity as "White Caps. JAMES P. NEARY, cashier of the Mutual Union Telegraph Company of Boston, was arrested on the 17th, charged with embezzling $2,000 of the company's money. GEORGE MEADOWS, the negro who was recently lynched at Pratt Mines, Ala., as the assailant of Mrs. Kellmer, was on the 17th found to have been innocent of the crime for which he died. The real culprit 1181 u! peuguoo SUM A MAN named Beecher, living near the Buck Shoals silver mines in Indiana, was carelessly handling a can of blasting powder on the 17th when it exploded, blowing away half his head and one hand. uo Monats SUM 1 JO VIGA V Mitheral 10 north mille 8 1184 4721 our SIM Point рошви now OM1 I I Potesn' 1V and Harris shot each other to death on the the possector OUAL bystander 8 pus 4721 рерипом SEM 143g THE Department of State at Washington was informed on the 18th that the Japane:e Government had abolished the exthe 'spood издом 'sSnap uo stup port cereals, spirits, beasts, fuel, etc. CAPTAIN ROBERT MILLS, one of the oyster pirates at Baltimore, Md., was senFORTS euo 01 4781 the uo rouy 0018 pus quour THE British bark Sibel, which left New 10 objuo 8 47144 Bangor eunf ****


Article from The Republican Journal, January 31, 1889

Click image to open full size in new tab

Article Text

Anthony Higgins, Delaware's new Senator is great dog Inncier. English people bought 600,000 barrels ( American apples last year. In the Snow- Alley case a verdict of $51.00 was rendered for Snow. Valuable deposits of gold are said to hav been discovered in Mexico. A colony of about 5000 are forming to ente Oklahoma, despite the soldiers A letter from Stanley demonstrates that h was well up to the 17th of August. Gov. Gordon of Georgie has bought a farm and will engage in fine stock raising. Railroad traffic in southwestern Colorado i suspended on account of snow slides. Vice President-elect Morton is looking about Vashington for desirable residence. The Territorial treasury of Dakota is said to DC bankrupt or $60,000 worse than nothing. A marble statue of Ben Franklin, of heroi size, was unveiled in 11 ashington Jan. 17th. A trust has been formed to control the sale all common and prison made brushes in Amer ica. Hon. W D. Washburn has been nominate for S. Senator by the Minnesota Republi cans. B tween 60 and 70 de signs have been offered for the proposed Grant monument in New York. The Beverly, Mass., lasters trouble threatens to develop into a general strike among the -makers. C.C. Kendall, South Boston estate agent missing. 11 is thought he is from $20,000 to $50,000 short. Hon. Jacob Tone, of Maryland, has giver $000,000 for the establishment of an Industrial Training School. There is a tel rible epidemic of small pox in Denver. Colorado, and hundreds of persons are leaving the city. The death is announced of Wilhelm Schott the German philologist and thnologist, and of Prof. Karl Elsel. Assistant Secretary of the treasury Maynard has ruled that the importation of lottery tickets is not prohibited by law. Win. m. Keene, a hunchback newsboy in St. Louis,is dead. leaving fortune of $22,000 to his poverty Stricken in latives. The sisters of Charles Dickens place wreath of holly upon his tomb in Westminster Abbey at every "hristmastide. There is much clashing on the color line at the Berea College, in Kentucky. where the students are both white and black. Telephone connections are to be made beween stations of the United States life saving service on the New England coast. Thirteen alleged White aps werearrested in New Hampshire for assaulting an offending citizens, but got of with small tines. Mine DI Murska. the once famous singer. 111 Munich in Ntreme poverty. and her daughter committed suicide. The control of the United States Senateis now assured to the Republicans for least the first two years of Gen. Harrison's Administration. The annual report of the New Hampshire sh shows that much has been tone in the way of stocking the State waters. Thomas 1.. Nesmith. of San Diego, Cal., bequeaths Derry. N. 11.. his native town. funds for the nt of university. to England free trade there is one pauper to population. In the States (prote there iscone to 565 of population. Dr. W M. bothby, a rell-known dentist. N. 11., is supposed to have with Mrs. George Kennam, of the same ny. The New Hampshire State Temperance will carry the ampaign for prohibitor to the Constitution of that States 1: is reporter that English. French, German Belgian steel rail manuf: sturers have formed Trust that will raise the price of rails 20 PSF 5546 loads of dirt III one month. and the booming etftor fished it as 1800 transfers of real estate for the month. Governor " of Tah mades igorous argument before the Senate committee Jan. 19th. gainst the admission of Utab until polygamy disolutely wiper ont. The English Court has granted a decree in fuvor of plaintil in the suit for divorce rought by Mrs. Boneies Ngnes Robertson against Dion Boucicault. Rev. Dr. John W. Scott General Harrison's falle r-in-law, was SD years old Jan. 220. He lives in Washington and is said to be as vigorous in most men of 70. \ mob in Young county, Texas, tried to murderer battle followed in which tw of the murderers and four of the marshal's posse were killed. The absurd ennard to the effect that Hon. The mas Platt had argained the Secretaryship of the Interior to the Pacific Railway Companies for $300,000 has beer killed. The placing of the railway mail clerks under the of the civil serv ice rules is postpones give the Iministration more time in whi If to remove R sublican clerks. 11. of the Farmers and M chanics bank of Pittsburg, has been arrestat for the zziement of $200,000. The DHAK failed last September for $250,000. \ handsome meme rial window in tribute to the late Thomas Starr King was dedicated at the South ongregational Church, Boston, R Dr. Hale's Sunday morning, Jan. 20th. 'ongress is asked to appropriate $25,000 for the purchase of copies of papers in posso the governments of Great Britain. France and Spain relating to the history of Louisiana. A bill has been introduced into the New York lature requiring candidates for public office r to the State Freasure itemized statements of the election expenses. Transportation companies east of the Mississippi River have fixed rate of one fare for the round trip to 11 ashington during inauguration week. making no exception for organized bodies. Dur its the year ISSS five persons died it Great Britain who left estate valued at more than $5,000,000. The mrgest was that of Barot de Stern if London, who left a fortune of SIT, 724,800. The Post Office Department has aimed anoth er blow at New England industries by recom mending that all stamps mi stampedenvelope be printed at the Bureau of Engraving and Printing. New York girls have been such persistent pedestrians of late years, unmindful of the changes in the w eather that they are becoming the stoutest and pinkest feminine population in the country. Mrs. John M. Frances, wife of the editor o the Troy Times,is deadage 60 years. She has extensive traveller, accompanying her husbando his diplomatic missions and trip around the world. The amount of the fund which it is proposed to raise for Mrs. Phil Sheridan is $100,000 Senato Allison and Senator Hale have the mat ter in charge and nator Stanford has promis ed $5,000. A bill introduced in the New York Assembly allow the savings banks to inv in securities issued by the cities of Boston, hicago and St Louis. The present law contines such bank securities in New York State. Collector Ross. of Halifax, has been dis missed by the Dominion government for hav ing some weeks 2020 permitted the tranship 1110 at of the of an American fishing ves sel without authority from Ottawa.


Article from The Seattle Post-Intelligencer, February 20, 1889

Click image to open full size in new tab

Article Text

CONDENSED DISPATCHES. Minister Phelps in in Washington. Ernest Henry Charles Nechen, German geologist, is dead, aged 68. The president has approved the act relating to dead fallen timber on Indian reservations. The archbishop of San Francisco and Sir Bache Cunard are on the ocean, en route for New York. The upper house of the Prussian diet unanimously voted the addition to the emperor's civil list. A Congo correspondent sends news of Stanley's death to a French paper. The report is discredited. The United States steamer Vandalia reached Honolulu February 2 and was to sall for Samoa 09 the 7th. The United States steamer Galena, with Real-Admiral Gherardi on board, has sailed from Key West for Port au Prince. The meeting of the New York Central Labor Union Bunday afternoon broke up in a bloody fight. The socialists will organize the union. Clearing house returns, week ended February 16: Gross exchanges, $1,009,139,727, an increase of 2.85 per cent. over the corresponding week of last year. The Landis Transfer Company's stables, Kansas City, were burned Saturday nignt, with 94 horses. James Hoffman, one of the owners, lost his life. Loss, $65,000. Thirty thousand people were in the procession at Pesth Bunday to protest against the Hungarian army bill. Speeches against the government were made, and cries of "Down with Tisza!" were frequent. Col. John E. Yard, Eighteenth infantry, died Monday morning at Fort Hayes Kan. His death promotes Lieut.-Col. Henry M. Lazelle, Twenty-third infantry, and Major W.S. Hawkins, Tenth infantry. Five children of August Penniman of Philadelphia were taken III from eating smoked sausage. Gertrude, aged 9, and Marguerite, aged 5, died: Freida, aged 8, will die, and the other two will recover. The statue of Lewis Cass. presented to the people of the United States by Miehigan for a place in Statuary hall, at the capitol, Washington, was unvelled Monday. There were no formal exercises in the hall. The requisite number of names for a house-caucus Monday night on the tariff and Internal revenue bills was obtained, but the project was ahandoned, it being foreseen that the present discord would only be increased. Judgment has been awarded to Charles A. Perty and J. C. Erwin & Co. by the court of claims for $5320 and $1735 respectively on claims arising out of the expedition to Utah under command of Gen. Albert S. Johnston. Thirty feet of surface on Mulberry street, Seranton, Pa., over an abandoned mine, caved in Sunday afternoon, breaking the gas and water pipes and stopping street-ears. The gas ignited and exploded several times with terrifie force. After being out since Friday the jury in the Monroe county, Ind., White Cap cases announced to-day for the third time that they wereunable to agree, and were discharged. Eight of the jurors were for acquittal and four for conviction. Frank L. Bilvers, a well-known horsebreeder of Tecumseh, Mich., Saturday night shot his wife and two daughters, Edith and Ada, aged 11 and 9, and then shot himsetf. The girls were killed in bed and the bloody body of the father was found on the floor of the same room. Senator Cullem has introduced an amendment to the army appropriation bill, providing that hereafter the number of paymasters in the army,with the rank of major, shall be 40, and that the army shall be paid monthly unless circumstances shall render such payment impracticable. Experts who have been working on the books of the defunct Farmers' and Mechanies' bank, Pittsburg, have made a statement. The liabilities are $320,000 and the assets $189,000. Depositors will realize from 70 to 80 per cent. Cashier H. P. Voight, who is charged with embezzle-


Article from Telegram-Herald, June 23, 1889

Click image to open full size in new tab

Article Text

SPARKS FROM THE WIRES Fred Briggs, a workman was killed Friday at Segainee Mich by . tall of earth in a mine Ex-Secretary Bayard is said to be arranging matters to success United States Seus tor Gray in 1892 A 2.year-old son of Audrew Gibson at Janeaville, Wis was found drowned is a barrel of water Friday Edward Manning is exhibiting himself in New York on a wager to eat 100 raw eggs every day for two weeks AS Gainesville Tex yesterday Constable Auglia shot and killed John Wilson a prisonez who attempted so escape. Business failures for the week number 250. compared with 250 last week and 304 in the corresponding week of 1885 Dr. H. M Perkins formerly of Hingham Mars has been made one of the guardians of the young Emperor of China A lot at One Hundred and Fifty-fifth street and Eights aveaue has been secured as a ball park by the New York club. During . row with cowboys as Albuquerque, N. M Exel Fudson was killed and E H. Brazel shot through the about der There has been an increase in the popula tion of Deaver, Col. during the last year, the total population being estimated at 123,000 The Vieux Chese at Paris, the largest furniture depot in Europe, was destroyed by fire Friday The loss is estimated at nearly $500,000. Robert Punchett, 16 years old, has been sentenced to serve one year in the penitentiary for robbing the post-office at Ma. rion, Ky. The United Glass Company with a capital of $1,000,000. was incorporated at Albany, N. Y., Friday. Its main office will be at Syracuse. The Duke and Duchess of Portland will visit the United States at an early date, an American trip having been arranged as part of their honeymoon The senate of the National Union concluded its session at Sandusky, O. on Friday. Mr. Frank N. Gage, of Chicago, was re-elected president The prevalence of the grain plant louse on wheat in Southern Illinois is causing great uneasiness among the farmers, who Year the loss of most of their crop. The Supreme Lodge A O. U. W., in session at Omaha, elected officers on Friday, Will. iam R. Graham, of Cedar Falls, Ia., being chosen Supreme Master Workman The aged Empresa Augusta of Germany and the Sultan of Turkey were the only two royal personages who contributed to the relief of the Johnstown sufferers. At Prescott, A. T., Dan Harwick, William Stein and James Halford, the Canon Diablo train-robbere, have been sentenced to twenty-five years each in the penitentiary. The value of the Pullman and Wagner cars run in Nebraska, as computed by the State Board of Equalization, is $313,000, on which the assessment is placed at $234,000. Owing to a strike of the stitchers, lasters and cutters, Sampson's shoe factory at North Adams, Mass., has been closed. It is feared that the strike will become general in the town. Friday, at Pittsburgh, John O. McMasters, ex-assistant cashier of the defunct Farmers' and Mechanics' Bank, was arrested for em. bezzlement, falsifying accounts, etc., and held in $50,000 bail.


Article from Pittsburg Dispatch, December 16, 1889

Click image to open full size in new tab

Article Text

MAY YET PAY 80 PER CENT. President Sorg, of the F. & M. Bank, Holds Out Hope for Depositors-Stockholders Must Whack Up. The assignees of the defunct Farmers and Mechanics' Bank, on the Southside, will begin to-day to pay the first installment of the final assets to the depositors. The dividend to be paid amounts to 26 3/3 per cent of the entire assets, or a little over $86,000. The assignees will be located in Odd Fellows' Hall at 9 o'clock this morning, and they will meet there every day until all of the depositors receive their money. There are 989 checks to be paid out, and it is expected that the work will consume two or three days. The assignees have made preparations for a big rush. The checks have all been filled out, and the receipts are ready to be signed. The work has been arranged so that while one man is having the receipts signed another will hand out the checks. The ordinary depositors will not be required to present their bank books, but holders of cashier's checks, drafts and certificates of deposit will be expected to present them. President Sorg was seen at his residence about the matter yesterday. He said: "We compared our check book on Saturday with the auditor's report ID the Prothonotary's office, to satisfy ourselves that everything was all right. Our money is in the First National Bank, of Birmingham, where the people will get their checks cashed." "What have you to say about the report that some of the accounts have been purchased at a large discount," was asked. "That is false so far as I know. There are about a dozen small accounts that have been assigned to other persons, but they were mostly assigned as collateral for loans." "It is reported that an official of the bank is offering 80 per cent for accounts," suggested the reporter. "I know nothing of any such an offer. I have had two accounts assigned to me, but did not buy them. I had two accounts in the bank as trustee; one for the Birmingham Turners and the other for a widow. They amounted to $500 and $300 respectively. When the bank closed on the 13th of October, 1888, I turned over the money and had the accounts assigned. I am a loser in both instances." "What will be the next move after the present distribution is made?" "We will go ahead with the work. We have some money in the bank now for the second dividend. We have other assets on hand in the shape of protested notes, coal land, real estate and mortgages, on which we expect to realize enough to make another payment of 25 per cent sometime in the spring.' "Will that be as much as you expect to pay?" "Oh, no. Our capital stock was $130,000. After we pay the next installment we will collect what we can from our stockholders. If we can collect from all of them, we ought to pay dollar for dollar. I count on collecting at least $100,000 from them. This will enable us to pay about 80 per cent, and this is what I predicted we would do when the bank closed." The depositors are very jubilant over the prospects of getting their money to-day, which will come well in hand as Christmas cash in many a household.


Article from Pittsburg Dispatch, September 27, 1890

Click image to open full size in new tab

Article Text

F. AND M. BANK AFFAIRS. BILL OF EXCEPTIONS FILED AGAINST THE ASSIGNEES. Many Large Items That Are Alleged to Have Been Left Out of the Second Account Filed-A New Statement is Now Demanded. Attorneys J. S. and E. G. Ferguson yesterday filed exceptions to the second account of the assignees of the Farmers and Mechanics' Bank, of the Southside. The exceptions were on the part of H. C. Gearing, A. Weinman, George Levy, Dennis Doran, Philip Baumgart, John Rudolph, William Westhoff, C. Westhoff, Mary Weing, Mary Ferell. G. A. Sexauer, Henry Shephard, John Riebeck, John Fox and J. N. Jarrett, creditors of the bank. A number of items in the account were excepted to and omissions alleged. The assignees, it was stated, admitted that they had received three dividends from the Fidelity National Bank of Cincinnati, O., but they have not charged themselves with the first dividend, $257 98. The assignees, it was also claimed, received from H. F. Voight, as part of the assets of the bank, promissorv notes made by William Roseburgh for $6,000, long since due and collectable, but the assignees have not charged themselves with it, and the amount should be charged to them with interest. It was further stated that the assignees held notes of F. Nicholas, part of the assets, amounting to $2,075, secured by a good mortgage. They assigned the mortgage to Charles Bossert, and ought to have received the full amount. They have only accounted for $1,600, and it is asked that they be surcharged with the balance, $475, with interest. They also did not account for the mortgage of Ignatz Sauer for $367, which was among the assets coming into their hands, nor for the interest received by them on the mortgage of Fred Briggs, amounting to about $340. There was no accounting of the price obtained for the inventoried real estate of the bank in full. An inspection of the accounts shows that they received at least $1,501 more than they accounted for. They also have not charged themselves with at least $12,931 97 collected and received by them from bills receivable and inventories as good. An inspection of the accounts will show, it is alleged, that out of the inventoried amount, $62,055 10. they return as still on hand $35,200 28. leaving as collected the sum of $26,854 82 and interest, and of this amount they only account for $13,270 99. They did not fully account for all interest received by them on the assets in their hands. They also have not accounted for the proceeds of real estate sold by them to William Wigman, being part of the Voight, Ward & Co. real estate acquired by the assignees. The amount of Wigman's bid was $9,200, but he purchased for J. H. Sorg, one ot the assignee's, and the sale was so made after the assignees had been offered $11,000 for the property. The exceptants claim that the assignees should account on this item for $11,000. Objections were made to the payments of $75 to C. W. Hubbell and $100 to J. A. McKee for copying accounts, as not proper items of credit. It was further claimed that the accountants have not accounted for all the assets of the bank coming into their hands and converted into cash by them; nor have they charged themselves with cash realized by them out of the assets of Voight, Ward & Co. In conclusion it was asserted that the accounts are not SO stated as to be readily intelligible and the exceptants insisted that a statement should be made in the nature of a cash account, showing the cash received and from whom and when, and the cash expended.