1962. D. W. Middleton & Co. (Washington, DC)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
private
Start Date
May 31, 1884
Location
Washington, District of Columbia (38.895, -77.036)

Metadata

Model
gpt-5-mini
Short Digest
dca0318c

Response Measures

Full suspension

Description

Multiple contemporaneous newspaper dispatches (dated May 31, 1884) report heavy and steady withdrawals, excited depositors gathered at the doors, and an assignment to George T. Green for the benefit of our creditors. Reports call it a failure/suspension and indicate the firm assigned assets to an assignee and will settle with creditors — implying permanent closure rather than a simple temporary suspension or reopening. Articles also suggest speculative losses by D. W. Middleton, supporting a bank-specific adverse cause.

Events (2)
1. May 31, 1884 Run
Cause
Bank Specific Adverse Info
Cause Details
Steady withdrawals by depositors driven by suspected speculation/insolvency of D. W. Middleton; reports say Middleton speculated and was stranded.
Measures
None to stave off withdrawals; subsequently the proprietors made an assignment to George T. Green (assignee) as response
Newspaper Excerpt
The doors are not closed and a number of excited persons are gathered inside talking over the suspension. ... a steady withdrawal of deposits has daily increased
Source
newspapers
2. May 31, 1884 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Assignment for benefit of creditors following inability to meet heavy, immediate demands after steady withdrawals and alleged speculative losses; assignee George T. Green appointed and statement of condition to be made later.
Newspaper Excerpt
Owing to heavy and immediate demands, we have assigned to George T. Green for the benefit of our creditors.
Source
newspapers

Newspaper Articles (15)
1. May 31, 1884 Lancaster Daily Intelligencer Lancaster, PA
Article from Lancaster Daily Intelligencer, May 31, 1884

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ANOTHER FAILURE A Manking Firm at Washington Makes an Assignment. WASHINGTON, D.C., May 31.-The following notice was posted on the doors of the banking house of D. W Middleton & Co., 1,427 T street: : Owing to heavy and immediate de. mands, we have assigned to George T. Green, for the benefit of our creditors.' The doors are not closed and a number of excited persons are gathered inside talking over the suspension. The failure is not considered of great importance. The capital stock of the bank is $40,000, but no estimate can be made of liabilities.

2. June 1, 1884 Eureka Daily Sentinel Eureka, NV
Article from Eureka Daily Sentinel, June 1, 1884

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night's explosion was only the beginning of her troubles. Patrick Joyce, Secretary of the Irish Revolutionary Brotherhood, said: Last night's work ought to convince England that we are in earnest. You need not be surprised to hear of greater one's before many days. Gladstone had better mind himself. A Wrecked Building. BALTIMORE, May 31.-At 2 o'clock P. M. to-day workmen were clearing the wreck of the building on Gay street, that collapsed yesterday. They had reached & point where they could see Gides Hook still alive. Stimulants were administered to keep him alive till the wreck was removed enough to take him out. The front wall was pulled down this morning, and a vast quantity of heavy timber, stone, bales of cotton goods are wedged together to a depth af several stories. Another Bank Assignment. WASHINGTON, May 31.-The following notice was posted this morning upon the doors of the banking house of D. W. Middleton & Co., No. 1427 F street. Owing to heavy and immediate demands, we have assigned to George T. Green for the benefit of our creditors. The doors of the bank are not closed, and a number of excited persons are gathered inside, talking over the suspension. Reduced Railroad Rates. DES MOINES, May 31.-The Wisconsin, Iowa & Nebraska, or the diagonal road in connection with the Milwaukee & St. Paul road, have reduced rates to-day to all retail merchants in this city from Chicago, Racine and Milwaukee. The cut is five cents on each four classes. The Central Iowa Traffic Association is ended. A Bank Robber Arrested. CHICAGO, May 31.-A Journal's Milwaukee special says: D. 0.0. Howard, charged with robbing the Bank of Monmouth, Ill., of $150,000, was arrested at Wankesha to-day on a telegram from the authorities. He confesses identity, but is reticent regarding the crime. Eno in Disguise. QUEBEC, May 31.-John C. Eno and an elderly gentleman, in disguise, have taken passage on the steamer Sardenean, which leaves this morning for Liverpool. Both slept on the steamer. There was no means of learning further particulars. Death of Parker. BOSTON, May 31.-Harvey D. Parker, proprietor of the Parker House, died this morning, aged 79.

3. June 1, 1884 The Democratic Leader Cheyenne, WY
Article from The Democratic Leader, June 1, 1884

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Banking House Goes Under. WASHINGTON, May 31.-The following notice was posted this morning upon the doors of the banking house of D. W. Middleton & Co., 1427 F street: "Owing to heavy and immediate demands we have assigned to George T. Green for the benefit of our creditors. The doors of the bank are not closed, and a number of excited persons gathered inside talking overthesuspension. George T. Green, bookkeeper and assignee, says D. W. Middleton retired from the firm a week ago owing to ill health and a disclination to continue to struggle against what he thought inevitable. Capital stock of the bank, $400,000,

4. June 1, 1884 Seattle Daily Post-Intelligencer Seattle, WA
Article from Seattle Daily Post-Intelligencer, June 1, 1884

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WASHINCTON. The Land Grant Question. WASHINGTON, May 29.-In anticipation of the adjournment of Congress without final action on the proposed land grant forfeiture bills, the House Committee on Public Lands has prepared H report, which will be submitted on the first opportunity, in which they recommend the passage of a joint resolution suspending the issue of certificates of lands within the limits of grants to railroads in all eases in which bills are pending before Congress for forfeiture of such grants, until final action shall have been taken by Congress. The committee desires the passage of this resolution because. in his annual report, the Secretary of the Interior informed Congress that in the absence of Congressional action in regard to railroad land grants, the Department has been in the habit of issuing patents for lands when the roads are constructed. whether they are built within or after the time provided in their charters. The committee has reported a number of forfeiture bills, and others are under consideration. They say that so far they have failed to find a single company that has complied with either the letter or the spirit of the law, and to prevent the large amount of land involved from passing into the hands of railroad companies, some immediate action must be taken by Congress. The fact stated by the Secretary of the Interior warrants the expectation that when Congress adjourns great pressure will be brought to bear by the companies to obtain patents, and in the absence of Congressional legislation the Department would proceed to issue patents for lands along the completed portions of the railroads. Assigned for Benefit of Creditors. WASHINGTON, May 31.-The following notice was posted this morning on the doors of the banking house of D. W. Middleton & Co., No. 1427 F street: "Owing to heavy demands we have assigned to George F. Green for the beneSt of our creditors." The doors of the bank are not closed. and a number of excited persons are gathered inside talking over the suspension. No particulars are yet obtainable. George F. Green, bookkeeper and assignee, says D. W. Middleton retired from the firm a week ago, owing to ill health and disinclination to continue the struggle against what he thought was inevitable. The capital stock of the bank is $400,000. Green says 8 statement of the condition will be made early next week. He cannot approximate the amount of liabilities. It is said the depesits amount to $250,000, and stocks and Becurities belonging to customers to about as much more, making the total liabilities half a million. Among the dopositors were many army and navy officers and newspaper correspondents. The heaviest creditor of the firm is said to be Mrs. Hutchinson, widow of the late President of the Alaska Far Seal Company, who had about $100,000 in bank. Appeals from the Circuit Court. WASHINGTON, May 31.-A bill was passed restoring the law of 1867, in the matter of appeals from Circuit Courts to the United States Supreme Court, in habeas corpus cases. This law was repealed a few years ago, while the MeArdie case from Mississippi was pending before the Supreme Court. Debt Reduction. It is estimate that the reduction of the public debt for May is five million dollars.

5. June 1, 1884 The Dallas Daily Herald Dallas, TX
Article from The Dallas Daily Herald, June 1, 1884

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Failures. THE WEEK's RECORD. NEW YORK, May 31.-Failures reported for seven days- United States, 151; Canada, 26. Total 177, a decreaseof 55. YESTERDAY'S IT. WASHINGTON. May 31.-Tne following notice Was posted this morning upon the doors of the banking house of D. W. Mid1+ on & Co., No.: 1427 F street: "Owing to heavy and immediate demands we have assigned to George T. Green. for the benefis of our creditors." The doors of the bank are not closed, and a number of ex. cited persons have gathered inside to talk over the suspension. No particulars are yet obtainable. LATER.-George Green, book-keeper and assignee, says D. W. Middleton retired from the firm a week ago owing to ill health and disinclination to continue the struggle against what he thought inevitsble. 8 E Middleton. the other member of the firm, thought he could manage to keep open, and assumed the liabilities, but a steady withdrawal of deposits daily increased, and he found it impossible to meet demands. Both have assigned every. thing to him, and he will bring matters to a settlement as soon as possible. The capital stock of the bank is $400.000 Green says a statement of condition will be made early next week. He cannot approximate the amount of the liabilities.

6. June 1, 1884 The Sun New York, NY
Article from The Sun, June 1, 1884

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THE CASH GAVE OUT. Middleton's Bank in Washington SuspendsHeavy Leases of the Creditors. WASHINGTON, May 31.-This notice was posted this morning upon the doors of the banking house of D. W. Middleton & Co., 1,427 F street: Owing to heavy and immediate demands, we have assigned to George T. Green for the benefit of our creditors. George T. Green, the bookkeeper of the bank. who is the assignee, says: "D. W. Middleton retired from the firm a week ago, owing to III health and disinclination to continue the struggle against what he thought the inevitable. Mr. 8. E. Middleton thought he could manage to keep open. and so assumed the liabilities. but a steady withdrawal of deposits has daily increased. and he found it impossible to meet the demands. Both have nosigned everything. I believe. to me, and I shall settle matters as soon as possible." The capital stock of the bank was $40,000. Mr. Green said that he had not the slightest idea of the amount of the liabilities, which could only be determined by an examination of the books. The Star says that the heaviest creditor of the firm is Mrs. Hutchinson. widow of Havward Hutchinson, the late President of the Alaska Seal Company. She had about $100.000 in the hands of the firm. Ernest Dykeman of New York was a partner, and managed the New York house until Inst Sunday. Mr. Dykeman was here on last Sunday, when the members of the firm talked over the affairs of the bank and the Middletons made an assignment of their interest in the New York house to him. Even after making the assignment. however, Dykeman remained a creditor of the house to the extent of $36,000. The failure affects not only the bank depositors, hut also the customers of the firm who dealt in stocks through the house. One customer had in the hands of the firm $10,000 of accrued profits. One of the intimate friends of the Middletons said to-day that he did not believe the creditors would get one cent on the dollar. How did the affairs of the bank become entagled ?" asked the reporter. Nobody knows.' said the gentleman. "It is supposed that D. W. Middleton got into speculation. and when the large decline took place lately he was stranded." Mr. S. E. Middleton wrote a note to one of the creditors this morning asking him to see that his friends were not too severe upon him. The cash deposits of the bank. it is said, amounted to about $250,000. but the firm held stocks and securities of customers amounting to about $250,000. making a total of $500,000 involved in the failure.

7. June 1, 1884 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, June 1, 1884

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Failure of a Washington BankingHouse. [BV telegraph to the Dispatch.] WASHINGTON, May 31.-The following notice was posted this morning upon the doors of the banking-house of D. W. Middleton & Co., 1427 F street: "Owing to heavy and .mmediate demands we have assigned to George T. Green for the benefit of our creditors." The doors of the bank are not closed, and a number of excited persons gathered inside, talking over the suspension. The general opinion seems to be that the failure will be very near total. The cash deposits are said to be about $250,000, and the firm held securities for customers esti-

8. June 1, 1884 New-York Tribune New York, NY
Article from New-York Tribune, June 1, 1884

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ANOTHER BANKING HOUSE FAILURE. D. W. MIDDLETON & CO., OF WASHINGTON, MAKE AN ASSIGNMENT-$500,000 INVOLVED. ASHINGTON, May 31.-The following notice was posted this morning upon the doors of the banking house of D. W. Middleton & Co., No. 1,427 F-st.: "Owing to heavy and immediate demands. we have assigned to George T. Green for the benefit of our creditors." George T. Green, the bookkeeper of the bank, who is the assignee. makes the following statement: D. W. Middleton retired from the firm a week ago owing to ill-health and disinelination to continue to struggle against what he thought the inevitable. S. E. Middleton thought he could manage to keep open and so assumed the liabilities, but a steady withdrawal by depositors has daily increased and he found it impossible to meet the demands. Both have assigned everything I believe, to me, and I shall bring matters to a settlement as soon as possible." The capital stock of the bank was $40,000. Mr. Green said that he had not the slightest idea of the amount of the liabilities. which could only be determined by an examination of the books. The firm is composed of Daniel W. Middleton, son of D. W. Middleton, formerly clerk of the United States Supreme Court, and Samuel E. Middleton. They are cousins, and the bank has been established since 1867. A statement of the condition of the bank's affairs will be made in the early part of next week. The Star says: The heaviest creditor of the firm is said to be Mrs. Hutchinson, widow of Hayward Hutchinson, the late president of the Alaska Seal Company. She had about $100,000 in the hands of the firm. Ernest Dykeman, of New-York, is a creditor to the amount of $30,000. Mr. Dykeman was a partner in the firm, and managed the New-York house until last Sunday, when the Middletons made an assignment of their interests in the New-York house to him. Even after making the assign ment, however, Dykeman remained a creditor of the house to the extent of $36,000. The failure affects not only the bank depositors, but also the customers of the firm. who dealt in stocks through the house. The back portion of the banking-house was given up to the brokerage business, on the "margin" plan, and as it has always posed, cond leted safely. One of these customers had In the hands of the firm $10,000 of accrued profits. The business here has always been in charge of D. W. Middleton. 8. E. Middleton has generally had charge in New-York, and It Is said, knew very little of the anairs of the house here, except in a routine way. One of the intimate friends of the Middletons, and at the same time one of the creditors, stated to a Star reporter that be add not believe the creditors would get one cent on the dollar. S. E. Middleton wrote a note to one of the creditors this morning, asking him to see that his friends were not too severe upon him. The cash deposits of the bank, It is stated. amounted to about $250,000, but the firm held stocks and securities of customers amounting to about $250,000, making a total of $500,000 involved in the failure.

9. June 2, 1884 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, June 2, 1884

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ANOTHER BANK Givesup the Ghout and Nhats ItN Doorr. A Small Failure. WASHINGTON, May 31.-The following notice was posted this morning upon the doors of the banking house of D. W. Micdloton & Co., 1427 F street: "Owing to heavy and immediate demanda we have assigned to Gaorge T. Green for the benefit of our creditors." The doors of the bankare not closed and & number of excited people are gathered inside talking over the suspension. George F. Green, book keeper and assignee, says D. W. Middleton retired from the firm a week ago owing to ill health and R disclination to continue the struggle against which he thought inevitable. S. E. Middleton, the other member of the firm, thought he could manage to keep open and (assume the liabilities, but the steady withdrawal of deposits daily increased and he found it im possible to meet the demand. Both have assigned everything to him, and he will bring matters to a settlement HB soon as possible. The capital stock of the bank is $40,000. Green saye the statement of the condition of the bank will be made early next week. He cannot approximate the amount of liabilities.

10. June 2, 1884 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, June 2, 1884

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THIS MORNING'S NEWS. In New York Saturday Government bonds were quoted at 120½ for 4s of 1907, 116½ for 41/28; sterling, $4 84@4 86; 100% for 3s; silver bars, 110½ Silver in Lendon, 503/gd consols, 101 7-16d 5 per cent. United States bonds, extended, 105; 4s, 1233/4: 41/28, 113% In San Francisco Mexican dollars are quoted at 89@89½ cents. The San Francisco Stock Boards will resume business to-day. A cloudburst in Colorado destroyed a eattle camp and drowned eleven cowboys. Slosson defeated Schaefer in the billiard match at Chicago. The President and Cashier of the Pennsylvania Bank at Pittsburg have been arrested. At Batesville, Miss., H. W. Thater killed Julius Porter. The jail of Kinney county, Texas, was burned Saturday night, one prisoner perishing. The banking firm of D. W. Middleton & Co., of Washington, D. C., has suspended. During the past seven days, 177 business failures occurred in the United States and Canada. The Siamese Embassy have left New York for San Francisco. The Governor of Georgia had a narrow escape from assassination at Columbus Friday night. The recent dynamite outrage in London still causes great excitement among the English. Queen Victoria's health has been fully restored. Two hundred horses perished in the flames of a burning stable at Glasgow, Scotland, Saturday night. The present drought in England is almost unprecedented. Democratic Conventions were held in many counties Saturday. Edward Lemon was hanged at Victoria, B. C., Saturday. The salmon run continues light in the Columbia river. Mrs. Dr. J. L. King was found dead in her room at Visalia Saturday. Fire at Fulton, Sonoma county ; loss, $5,000. Charles Kent, the missing ex-Senator from Nevada county, has been seen in Los Angeles. High water in the San Joaquin river is causing trouble. Michael Tarbet was killed in & mill near Eureka, Cal., Saturday. At Princeton, Colusa county, Saturday night, the dwelling of Allen Shaver was destroyed by fire. Worms and caterpillars are doing great damage to fruit and shade trees in Salt Lake. The Utah Territorial Supreme Court convenes in Salt Lake to-day. Frightful work by a waterspout is reported this morning from Visalia-a man named Stewart, his mother, wife and two children perishing. A blacksmith shop and barn were burned near Napa Saturday evening, a little girl being SO badly injured that she soon died. The National Republican Convention meets in Chicago to-morrow, to nominate candidates for President and Vice-President.

11. June 2, 1884 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, June 2, 1884

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ANOTHER FINANCIAL CRASH. Bank at Washington City Closed for "the Benefit of the Creditors." ASHINGTON CITY, June 2-The follo W. ing notice is posted upon the doors of the banking house of D. W. Middleton & Co., 1437 F street. Owing to heavy and immediate demands we have assigned to George F. Green for the benefit of our creditors. The doors of the bank are closed and a number of excited men are gathered inside talking over the suspension, no particulars of which are yet obtainable. George T. Green, bookkeeper and assignee, says D. W. Middleton retired from the firm a week ago owing to ill health and a disinclination to continue the struggle against what he thought the inevitable. S. E. Middleton, another member of the firm, thought be could manage to keep open, and assumed the liabilities; but the steady withdrawal of deposits daily increased and he found it impossible to meet the demands. Both have assigned everything to Mr. Green, and he will bring matters to a settlement as soon as possible. The capital stock of the bank was $400,000. Green says a statement of the condition will be made early next week. He cannot now approximate the amount of liabilities.

12. June 2, 1884 Fort Worth Daily Gazette Fort Worth, TX
Article from Fort Worth Daily Gazette, June 2, 1884

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DELAYED TELEGRAMS. DOMESTIC NEWS. BANKING HOUSE ASSIGNED. WASHINGTON, May 31.-The following notice was posted this morning upon the doors of the banking house of D. W. Middleton & Co., 1427 F street: "Owing to heavy and immediate demands we have assigned to George T. Green for the benefit of our creditors." George Green, bookkeeper and assignee, says D. W. Middleton retired from the firm a week ago, owing to ill health and disinelination to continue the struggle against what he thought was inevitable. S. E. Middleton. the other member of the firm, thought he could manage to keep open, and assumed the liabilities, but the steady withdrawal of deposits daily increased and he found it impossible to meet the demands. Both have assigned everything to him and he will bring matters to a settlement as soon as possible. The capital stock of the bank is $400,000. Green says a statement of the condition of the bank will be made early next week. He cannot approximate the amount of liabilities. It is said the deposits amount to $25,000 and stocks and securities belonging to customers about as much more, making the total liabilities half a million. Among the depositors are many army and navy officers and newspaper correspondents. The heaviest creditor firms are said to be Mis Hutchisons, widow of the late president of the Alaska Fur and Seal company, who had about $100,000 in the bank. Other prominent losers named are, Ernest Deichman of New York, Commodore Owen, J. H. McKinny, clerk of the United States supreme court, and Surgeon-General Watts.

13. June 2, 1884 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, June 2, 1884

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A WASHINGTON FAILURE. D. W. Middleton & Co., Bankers, Make an Assignment. WASHINGTON, May 31.-The following notice was posted this morning upon the doors of the banking-house of D. W. Middleton & Co., 1,427 F street: "Owing to heavy and immediate demands we have assigned to George F. Green for the benefit of ou: creditors." The doors of the bank are not closed. and i. number of excited persons have gathered inside talking over the suspension. No particulars are yet obtainable. George F. Green, book-keeper and assignee, says D. W. Middleton retired from the firm a week ago, owing to ill health and a disinclination to continue to struggle against what he thought inevitable S. E. Middleton, the other mem ber of the firm, thought he could manage to keep open. and assumed the liabili ties, but the steady withdrawal of depostts daily increased, and he found it impossible to meet the demands. Both have assigned everything to him, and he will bring matters to a settlement as soon as possible. The capital stock of the bank is $400,000. Green says a statement of the condition will be made early next week. He cannot approximate the amount of liabilities. It is said the deposits amounted to $250,000. and stocks and securities belonging to customers to about as much more, making the total liabili ties about $500.000. Among the depositors were many army and navy offiers and newspaper cor respondents. The heaviest creditor of the firm S said to be Mrs. Hutchinson, widow of the lat president of the Alaska Fur-seal Company. who had about $100.000 in the bank. Other prom inent losers named are Ernest Deichman,

14. June 6, 1884 Burlington Weekly Free Press Burlington, VT
Article from Burlington Weekly Free Press, June 6, 1884

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BROKEN BANKS. The Penn Bank Failure at Pittsburg. e PITTSBURG, May 31.-Civil suits were entered to-day to recover from the sureties the amount of the bonds of President Riddle and Cashier Reiber of the Penn bank. Frank Laughlin, R. M. Kennedy and Marshall Hall are on Riddle's bond for $80,000 and Henry Kleber and George Snyder on Reiber's for $50,000. Criminal proceedings will probably be brought this afternoon agains Rtiddle. Riddle had two hemorrhages last night. Thomas J. Watson, absconding oil broker, has been arrested at Jersey City. Judgment for $80,000 has been obtained against him. A Statement by President Riddle. PITTSBURG, June 2.-President Riddle of the Penn bank made a statement this morning to the effect that he organized a blind pool to put up the prices of oil and that the overdrawn accounts at the bank might be made good. He had no personal interest in the pool. The fictitious accounts were made during his absence. Riddle asserts that the directors were acquainted with his plans and he bought oil for some of them. He asserts that he left money and securities of his own in the bank to the amount of $400,000 and intimates that the directors levied on them without leave or license while he was sick. Two directors came to his bed when he was unfit to sign papers and had him sign a judgment note to secure then for $90,000, transferring his collateral to the directors, while he intended it should go to the depositors. Riddle says he wrecked himself physically and financially in trying to keep up the bank and while he is willing to take his share of the blame there are others who should bear the blame with him. Failure at Washington. WASHINGTON, May 31.-The banking house of D. W. Middleton & Co. has suspended. The proprietors have made assignments. There are a number of excited persons around the bank. Liabilities unknown. The bank had a capital of $40,000. The suspension was caused by heavy and immediate demands for cash. The failure affects not only the bank depositors, but the customers of the firm who dealt in stocks. One customer had in the hands of the firm $10,000 of accrued profits. An intimate friend of Middleton's says he does not believe the creditors will get one cent on the dollar. It is supposed that D. W. Middleton speculated with the funds. The cash deposits of the bank amounted to about $250,000. The firm held the securities of customers amounting to $250,000.

15. June 12, 1884 The Northern Pacific Farmer Wadena, MN
Article from The Northern Pacific Farmer, June 12, 1884

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Another Rascally Bank Failure. Washington Special:-The following notice was posted Saturday morning upon the doors of the banking house of D. W. Middleton & Co., 1417 F street: "Owing to heavy and immediate demands we have assigned to George T. Green for the benefit of our creditors." The doors of the bank were not closed and a number of excited persons gathered inside talking over the suspension. Among the depositors are many of those who are regarded as leaders in "society" here, including officers of army and navy. Some of the Washington newspaper correspondents are losers of small amounts. Capt. Queen of the navy loses about $8,000, and Jessie M. Sarvis a like amount. The liabilities of the firm are placed at $500,000, and the assets are said to be nothing. It is believed that many of those who recently left here to attend the Chicago convention are losers by this [failure. The heaviest creditor of the firm is said to be Mrs. Hutchinson, widow of the late president of the Alaska Fur Seal campany, who had about $100,000 in the bank. Other prominent losers named are Ernest Neichman of New York, Commodore Owen, J. H. McKenny, clerk of the United States supreme court, and Surgeon General Watts.